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2026-01-01 2026-01-31 0001524348 rfisx:RussellMicrocapMember 2026-01-01 2026-01-31 0001524348 rfisx:C000107720Member 2026-07-01 2026-07-31 0001524348 rfisx:RussellMicrocapMember 2026-07-01 2026-07-31 iso4217:USD pure rfisx:Holdings false N-1A 0001524348 N-CSR Spend Life Wisely Funds Investment Trust 2026-07-31 RANGER SMALL CAP FUND INSTITUTIONAL CLASS RFISX ADDITIONAL INFORMATION This annual shareholder report contains important information about the Ranger Small Cap Fund – RFISX (the “Fund”) for the period August 1, 2025 to July 31, 2026. annual shareholder report You can find additional information about the Fund at https://spendlifewiselyfunds.com/documents/. You can also request this information by contacting us at 1-866-458-4744. https://spendlifewiselyfunds.com/documents 1-866-458-4744. expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 55%; padding-right: 5.4pt; padding-left: 5.6pt">Fund Name</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Costs of a $10,000 investment</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Costs paid as a percentage of a $10,000 investment</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Ranger Small Cap Fund</td> <td id="xdx_980_eoef--ExpensesPaidAmt_c20250801__20260731__oef--ClassAxis__custom--C000107719Member_zwBROxv39qb1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">$120</td> <td id="xdx_988_eoef--ExpenseRatioPct_c20250801__20260731__oef--ClassAxis__custom--C000107719Member_zdD5bGDsCt3a" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">1.17%</td></tr> </table> 120 0.0117 managment’s discussion of fund performance The recent market environment was defined by geopolitical uncertainty, higher energy prices, shifting expectations for monetary policy, and continued strength in companies tied to the AI infrastructure build-out. The conflict with Iran drove oil prices higher in the first half of 2026 and refocused investor attention on the Strait of Hormuz as a source of global supply disruption. Oil prices remain an important swing factor for both inflation and consumer spending, particularly if elevated gasoline prices persist long enough to pressure household budgets. Recent inflation data reflected some pass-through from higher energy prices as headline CPI accelerated in the first half of 2026. As investors reassessed inflation expectations, bond yields moved higher, with the 30-year Treasury yield reaching over 5.2% in late July, its highest level in 19 years. The increase in long-term rates bears watching, as higher yields can raise the cost of capital and pressure valuation multiples for longer-duration assets. To date, however, equity returns have shrugged off the headwind from higher rates, suggesting investors remain focused on earnings visibility, nominal growth, and the durability of secular investment cycles. For the fiscal year the Fund returned 5.01% compared with the Russell 2000 Growth index return of 28.42%. Underperformance was due to unprecedented leadership by low-quality companies in the index. For example, non-earning biotech and pharma stocks in the benchmark returned over 102% for the twelve months ended July 31, and non-earning companies across all sectors in the benchmark returned 39%. Most stocks in these categories don’t meet our quality investment criteria, and their performance was a meaningful headwind this fiscal year. On a sector basis, the healthcare and technology sectors were the weakest contributors to performance, while energy was strongest. The path of monetary policy is now less straightforward than it appeared a year ago. The Fed is balancing renewed inflation risks against signs of more moderate growth, while the bond market is demanding greater compensation for inflation and fiscal uncertainty. Credit spreads remain tight, suggesting the move in yields has been driven more by inflation and policy concerns than by deteriorating public-company credit conditions. For quality growth companies with strong balance sheets, durable margins, and self-funded growth, the environment should continue to reward discipline. We continue to see meaningful opportunity in the AI infrastructure build-out, but we are looking more deliberately at companies beyond the most obvious hardware beneficiaries. The first phase of the trade rewarded semiconductors, memory, and other direct beneficiaries. As the build-out becomes larger and more complex, we believe investors will increasingly focus on the physical and operational constraints around data center development. These opportunities include critical infrastructure and services required to support the expansion of data center capacity. Performance graph AVERAGE ANNUAL RETURNS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; width: 38%; padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="border-top: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">1 Year</td> <td style="border-top: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">5 Years</td> <td style="border-top: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">10 Years</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; white-space: nowrap; width: 19%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Ending Value</td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Ranger Small Cap Fund</td> <td id="xdx_98A_eoef--AvgAnnlRtrPct_c20250801__20260731__oef--ClassAxis__custom--C000107719Member_zOHcmq9JmWzb" style="white-space: nowrap; padding-right: 5.6pt; padding-left: 5.6pt; text-align: center">5.01%</td> <td id="xdx_984_eoef--AvgAnnlRtrPct_c20210801__20260731__oef--ClassAxis__custom--C000107719Member_zBgREk54A7jd" style="padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">-1.57%</td> <td id="xdx_98C_eoef--AvgAnnlRtrPct_c20160801__20260731__oef--ClassAxis__custom--C000107719Member_zGfEJBD8f1Ek" style="padding-right: 1.3pt; padding-left: 5.6pt; text-align: center">7.64%</td> <td style="border-right: Black 1pt solid; white-space: nowrap; padding-right: 2pt; padding-left: 5.6pt; text-align: center">$521,943</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Russell 2000® Growth Index</td> <td id="xdx_98D_eoef--AvgAnnlRtrPct_c20250801__20260731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zt0WcyZXNV0i" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.6pt; padding-left: 5.6pt; text-align: center">28.42%</td> <td id="xdx_983_eoef--AvgAnnlRtrPct_c20210801__20260731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zAvHCjw73kid" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">5.07%</td> <td id="xdx_988_eoef--AvgAnnlRtrPct_c20160801__20260731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zAPvtnTBjT37" style="border-bottom: Black 1pt solid; padding-right: 1.3pt; padding-left: 5.6pt; text-align: center">10.59%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 2pt; padding-left: 5.6pt; text-align: center">$684,421</td></tr> </table> Cumulative Performance Comparison of $250,000 Investment <img alt="" src="image_002.gif" style="height: 272px; width: 451px"/> Past performance is not a good predictor of future performance. The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-866-458-4744. 0.0501 -0.0157 0.0764 0.2842 0.0507 0.1059 Past performance is not a good predictor of future performance Fund statistics <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PORTFOLIO</td> <td style="white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PORTFOLIO</td> <td style="white-space: nowrap; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">ADVISORY FEES</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">NET ASSETS:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">HOLDINGS:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">TURNOVER:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PAID BY FUND, NET:</td></tr> <tr style="vertical-align: bottom"> <td id="xdx_982_eus-gaap--AssetsNet_iI_c20260731__oef--ClassAxis__custom--C000107719Member_zAMdHiAuXJC" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$12,260,251</td> <td id="xdx_981_eoef--HoldingsCount_iI_uHoldings_c20260731__oef--ClassAxis__custom--C000107719Member_zn3sk9jf1aHe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">61</td> <td id="xdx_98E_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250801__20260731__oef--ClassAxis__custom--C000107719Member_z0FEECUoA4z5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">64.33%</td> <td id="xdx_980_eoef--AdvisoryFeesPaidAmt_c20250801__20260731__oef--ClassAxis__custom--C000107719Member_zqyiCta42oRh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$91,235</td></tr> </table>

12260251

0.6433

91235 SECTOR WEIGHTINGS The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments. <img alt="" src="image_003.gif" style="height: 292px; width: 450px"/> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 73%; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td> <td id="xdx_98E_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--ConsumerDiscretionaryMember_zHVOEveQyTe6" style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.85%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td> <td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--ConsumerStaplesMember_zPwESOAyX996" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1.17%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td> <td id="xdx_98A_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--EnegryMember_z7TNePwfFVGb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.58%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td> <td id="xdx_983_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--FinancialsMember_zCXJejClvvfh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.39%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td> <td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__us-gaap--HealthCareMember_zrzNNxgTQl05" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">22.30%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td> <td id="xdx_987_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--IndustrialsMember_zm3rS0M4RzKc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">27.92%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td> <td id="xdx_987_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--MoneyMarketFundMember_zM0WDhlaJMuh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">2.53%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td> <td id="xdx_982_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--TechnologyMember_zg31d2LNplc4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9.43%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Telecommunications</td> <td id="xdx_984_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--TelecommunicationsMember_zKVzclK2QmGe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0.36%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td> <td id="xdx_982_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--IndustrySectorAxis__custom--UtilitiesMember_zzDUWSTHU5r5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.47%</td></tr> </table> 0.1185 0.0117 0.0858 0.0839 0.2230 0.2792 0.0253 0.0943 0.0036 0.0747 top ten holdings (% Of Net Assets)* <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 13%; padding-right: 5.4pt; padding-left: 5.6pt">1.</td> <td style="white-space: nowrap; width: 67%; padding-right: 5.4pt; padding-left: 5.6pt">Ligand Pharmaceuticals, Inc. Class B</td> <td id="xdx_98B_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--LigandPharamaceuticalsMember_zFkeLSFOv5Se" style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">4.53%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">2.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">SharkNinja, Inc.</td> <td id="xdx_987_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--SharkNinjaMember_zmaULZddonec" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.39%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">3.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">UL Solutions, Inc. Class A</td> <td id="xdx_984_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--ULSolutionsMember_zEFWcGLypMA3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.34%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">4.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Oceaneering International, Inc.</td> <td id="xdx_98F_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--OceaneeringInternationalMember_zR3YRViWgEB2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.17%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">5.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Chime Financial, Inc. Class A</td> <td id="xdx_986_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--ChimeFinancialClassAMember_zYHiP1rSOZt6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.87%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">6.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">HealthEquity, Inc.</td> <td id="xdx_988_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--HealthEquityMember_zXlR5pp09DKe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.80%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">7.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">PDF Solutions, Inc.</td> <td id="xdx_980_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--PDFSolutionsMember_zC8OePH2ormf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.68%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">8.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Triumph Financial, Inc.</td> <td id="xdx_986_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--TriumphFinancialsMember_zVprubHcU6P8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.51%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">9.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Casella Waste Systems, Inc. Class A</td> <td id="xdx_987_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--CasellaWasteSystemsMember_z2FcQoJTM2g2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.50%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">10.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Excelerate Energy, Inc. Class A</td> <td id="xdx_98F_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member__oef--LargestHoldingAxis__custom--ExcelrateEnergyMember_zQw0GnexnXr2" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.49%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Total % of Net Assets</td> <td id="xdx_982_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107719Member_zmEozKzzcbw4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">30.28%</td></tr> </table> * Excludes Short-Term Investments. 0.0453 0.0339 0.0334 0.0317 0.0287 0.0280 0.0268 0.0251 0.0250 0.0249 0.3028 https://spendlifewiselyfunds.com/documents/ 1-866-458-4744. <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; width: 35%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Ranger SmallCap</td> <td style="white-space: nowrap; width: 43%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Russell 2000 Growth</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2016</td> <td id="xdx_988_eoef--AccmVal_c20160701__20160731__oef--ClassAxis__custom--C000107719Member_zWrnf39zDoal" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">250000</td> <td id="xdx_98A_eoef--AccmVal_c20160701__20160731__oef--BroadBasedIndexAxis__custom--Russell2000Member_z5DBZtIrawQf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">250000</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2017</td> <td id="xdx_984_eoef--AccmVal_c20170101__20170131__oef--ClassAxis__custom--C000107719Member_znhg2KEVUJM3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">273518</td> <td id="xdx_98D_eoef--AccmVal_c20170101__20170131__oef--BroadBasedIndexAxis__custom--Russell2000Member_z1bvX5OCaj11" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">269748</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2017</td> <td id="xdx_983_eoef--AccmVal_c20170701__20170731__oef--ClassAxis__custom--C000107719Member_z2eOQCDbQNa4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">290020</td> <td id="xdx_983_eoef--AccmVal_c20170701__20170731__oef--BroadBasedIndexAxis__custom--Russell2000Member_z6rId5vAW5hb" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">294359</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2018</td> <td id="xdx_983_eoef--AccmVal_c20180101__20180131__oef--ClassAxis__custom--C000107719Member_zba8cR16d42c" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">317000</td> <td id="xdx_98D_eoef--AccmVal_c20180101__20180131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zouQTpp8FPl1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">336905</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2018</td> <td id="xdx_983_eoef--AccmVal_c20180701__20180731__oef--ClassAxis__custom--C000107719Member_zzqvPGPLaqx7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">347358</td> <td id="xdx_986_eoef--AccmVal_c20180701__20180731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zwZuJLMraBQ4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">361845</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2019</td> <td id="xdx_98C_eoef--AccmVal_c20190101__20190131__oef--ClassAxis__custom--C000107719Member_zaEJVQLP5ISd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">322971</td> <td id="xdx_987_eoef--AccmVal_c20190101__20190131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zDhzKGuZi3aj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">328096</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2019</td> <td id="xdx_98D_eoef--AccmVal_c20190701__20190731__oef--ClassAxis__custom--C000107719Member_z0y4tcUtb7a9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">367143</td> <td id="xdx_98E_eoef--AccmVal_c20190701__20190731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zZgvFABS1LEi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">357520</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2020</td> <td id="xdx_980_eoef--AccmVal_c20200101__20200131__oef--ClassAxis__custom--C000107719Member_zwCyaYhU52U4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">378817</td> <td id="xdx_984_eoef--AccmVal_c20200101__20200131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zWCuEtfg7jll" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">373787</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2020</td> <td id="xdx_98A_eoef--AccmVal_c20200701__20200731__oef--ClassAxis__custom--C000107719Member_ziiOi05yfnn5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">401139</td> <td id="xdx_985_eoef--AccmVal_c20200701__20200731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zhULoUSpxcvf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">378983</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2021</td> <td id="xdx_981_eoef--AccmVal_c20210101__20210131__oef--ClassAxis__custom--C000107719Member_zTbWPmlTE3C4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">493438</td> <td id="xdx_984_eoef--AccmVal_c20210101__20210131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zJLS6MvFssef" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">533380</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2021</td> <td id="xdx_987_eoef--AccmVal_c20210701__20210731__oef--ClassAxis__custom--C000107719Member_zmQadieBCe9f" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">564862</td> <td id="xdx_983_eoef--AccmVal_c20210701__20210731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zsAj9u4pKjE" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">534340</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2022</td> <td id="xdx_989_eoef--AccmVal_c20220101__20220131__oef--ClassAxis__custom--C000107719Member_zpnz1tfycehd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">504987</td> <td id="xdx_98A_eoef--AccmVal_c20220101__20220131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zqmgn2qEiNe7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">453120</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2022</td> <td id="xdx_985_eoef--AccmVal_c20220701__20220731__oef--ClassAxis__custom--C000107719Member_zuqnpVKN4gE6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">444625</td> <td id="xdx_987_eoef--AccmVal_c20220701__20220731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zIABkaqR1QI1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">410482</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2023</td> <td id="xdx_98F_eoef--AccmVal_c20230101__20230131__oef--ClassAxis__custom--C000107719Member_zngTIrBQDK58" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">439277</td> <td id="xdx_98B_eoef--AccmVal_c20230101__20230131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zNV6PRAPu4Jj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">423658</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2023</td> <td id="xdx_988_eoef--AccmVal_c20230701__20230731__oef--ClassAxis__custom--C000107719Member_zsZskl8MSFqa" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">479284</td> <td id="xdx_98C_eoef--AccmVal_c20230701__20230731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zGm225KB3bO2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">458017</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2024</td> <td id="xdx_98F_eoef--AccmVal_c20240101__20240131__oef--ClassAxis__custom--C000107719Member_zDd6WO2p2g59" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">469559</td> <td id="xdx_988_eoef--AccmVal_c20240101__20240131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zLFJRRMPURHj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">442582</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2024</td> <td id="xdx_983_eoef--AccmVal_c20240701__20240731__oef--ClassAxis__custom--C000107719Member_zUlVVbfG32T4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">516316</td> <td id="xdx_98C_eoef--AccmVal_c20240701__20240731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zOSxubEuCEtl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">516626</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2025</td> <td id="xdx_980_eoef--AccmVal_c20250101__20250131__oef--ClassAxis__custom--C000107719Member_zh2NtqijpAea" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">537286</td> <td id="xdx_98D_eoef--AccmVal_c20250101__20250131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zS8HxGV3ZBd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">543180</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2025</td> <td id="xdx_98F_eoef--AccmVal_c20250701__20250731__oef--ClassAxis__custom--C000107719Member_zwrUOP7XsrAj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">497046</td> <td id="xdx_980_eoef--AccmVal_c20250701__20250731__oef--BroadBasedIndexAxis__custom--Russell2000Member_zqJWYfexjEF3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">532914</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2026</td> <td id="xdx_986_eoef--AccmVal_c20260101__20260131__oef--ClassAxis__custom--C000107719Member_zCOlESCvFKfd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">510038</td> <td id="xdx_984_eoef--AccmVal_c20260101__20260131__oef--BroadBasedIndexAxis__custom--Russell2000Member_zH8uRsrMW412" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">618713</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2026</td> <td id="xdx_98A_eoef--AccmVal_c20260701__20260731__oef--ClassAxis__custom--C000107719Member_zG14lk9BPl9k" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">521943</td> <td id="xdx_985_eoef--AccmVal_c20260701__20260731__oef--BroadBasedIndexAxis__custom--Russell2000Member_z0x7uLYMr4og" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">684421</td></tr> </table> 250000 250000 273518 269748 290020 294359 317000 336905 347358 361845 322971 328096 367143 357520 378817 373787 401139 378983 493438 533380 564862 534340 504987 453120 444625 410482 439277 423658 479284 458017 469559 442582 516316 516626 537286 543180 497046 532914 510038 618713 521943 684421 RANGER MICRO CAP FUND INSTITUTIONAL CLASS RFIMX ADDITIONAL INFORMATION This annual shareholder report contains important information about the Ranger Micro Cap Fund – RFIMX (the “Fund”) for the period August 1, 2025 to July 31, 2026. annual shareholder report You can find additional information about the Fund at https://spendlifewiselyfunds.com/documents/. You can also request this information by contacting us at 1-866-458-4744. https://spendlifewiselyfunds.com/documents 1-866-458-4744. expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 55%; padding-right: 5.4pt; padding-left: 5.6pt">Fund Name</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Costs of a $10,000 investment</td> <td style="border-bottom: Black 1pt solid; white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Costs paid as a percentage of a $10,000 investment</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Ranger Micro Cap Fund</td> <td id="xdx_985_eoef--ExpensesPaidAmt_c20250801__20260731__oef--ClassAxis__custom--C000107720Member_zOxH7VlF9JOj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">$145</td> <td id="xdx_98C_eoef--ExpenseRatioPct_c20250801__20260731__oef--ClassAxis__custom--C000107720Member_ztxtnRM5Tm1a" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">1.30%</td></tr> </table> 145 0.0130 managment’s discussion of fund performance The recent market environment was defined by geopolitical uncertainty, higher energy prices, shifting expectations for monetary policy, and continued strength in companies tied to the AI infrastructure build-out. The conflict with Iran drove oil prices higher in the first half of 2026 and refocused investor attention on the Strait of Hormuz as a source of global supply disruption. Oil prices remain an important swing factor for both inflation and consumer spending, particularly if elevated gasoline prices persist long enough to pressure household budgets. Recent inflation data reflected some pass-through from higher energy prices as headline CPI accelerated in the first half of 2026. As investors reassessed inflation expectations, bond yields moved higher, with the 30-year Treasury yield reaching over 5.2% in late July, its highest level in 19 years. The increase in long-term rates bears watching, as higher yields can raise the cost of capital and pressure valuation multiples for longer-duration assets. To date, however, equity returns have shrugged off the headwind from higher rates, suggesting investors remain focused on earnings visibility, nominal growth, and the durability of secular investment cycles. For the fiscal year the Fund returned 22.58% compared with the Russell Microcap Growth index return of 31.4%. Underperformance was due to unprecedented leadership by low-quality companies in the index. For example, non-earning biotech and pharma stocks in the benchmark returned over 86% for the twelve months ended July 31, and non-earning companies across all sectors in the benchmark returned over 52%. Most stocks in these categories don’t meet our quality investment criteria, and their performance was a meaningful headwind this fiscal year. On a sector basis, the healthcare and consumer discretionary sectors were the weakest contributors to performance, while industrials and energy were strongest. The path of monetary policy is now less straightforward than it appeared a year ago. The Fed is balancing renewed inflation risks against signs of more moderate growth, while the bond market is demanding greater compensation for inflation and fiscal uncertainty. Credit spreads remain tight, suggesting the move in yields has been driven more by inflation and policy concerns than by deteriorating public-company credit conditions. For quality growth companies with strong balance sheets, durable margins, and self-funded growth, the environment should continue to reward discipline. We continue to see meaningful opportunity in the AI infrastructure build-out, but we are looking more deliberately at companies beyond the most obvious hardware beneficiaries. The first phase of the trade rewarded semiconductors, memory, and other direct beneficiaries. As the build-out becomes larger and more complex, we believe investors will increasingly focus on the physical and operational constraints around data center development. These opportunities include critical infrastructure and services required to support the expansion of data center capacity. Performance graph AVERAGE ANNUAL RETURNS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-top: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; width: 39%; padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="border-top: Black 1pt solid; white-space: nowrap; width: 14%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">1 Year</td> <td style="border-top: Black 1pt solid; width: 13%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">5 Years</td> <td style="border-top: Black 1pt solid; width: 19%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Since Inception</td> <td style="border-top: Black 1pt solid; border-right: Black 1pt solid; white-space: nowrap; width: 15%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">Ending Value</td></tr> <tr style="vertical-align: bottom"> <td style="border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Ranger Micro Cap Fund</td> <td id="xdx_982_eoef--AvgAnnlRtrPct_c20250801__20260731__oef--ClassAxis__custom--C000107720Member_zIX5Y2AMhG4l" style="white-space: nowrap; padding-right: 5.6pt; padding-left: 5.6pt; text-align: center">22.58%</td> <td id="xdx_980_eoef--AvgAnnlRtrPct_c20210801__20260731__oef--ClassAxis__custom--C000107720Member_zxwO1OCzzmDf" style="padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">2.42%</td> <td id="xdx_98C_eoef--AvgAnnlRtrPct_c20180801__20260731__oef--ClassAxis__custom--C000107720Member_znXhYLnBClu6" style="padding-right: 1.3pt; padding-left: 5.6pt; text-align: center">10.14%</td> <td style="border-right: Black 1pt solid; white-space: nowrap; padding-right: 2pt; padding-left: 5.6pt; text-align: center">$549,099</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; border-left: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Russell Microcap® Growth Index</td> <td id="xdx_98E_eoef--AvgAnnlRtrPct_c20250801__20260731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zeDSQEnPGiib" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.6pt; padding-left: 5.6pt; text-align: center">31.43%</td> <td id="xdx_986_eoef--AvgAnnlRtrPct_c20210801__20260731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zgVQzQryzCma" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.6pt; text-align: center">2.46%</td> <td id="xdx_982_eoef--AvgAnnlRtrPct_c20180801__20260731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zpK8yLm3sEze" style="border-bottom: Black 1pt solid; padding-right: 1.3pt; padding-left: 5.6pt; text-align: center">6.46%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 2pt; padding-left: 5.6pt; text-align: center">$416,468</td></tr> </table> Cumulative Performance Comparison of $250,000 Investment <img alt="" src="image_005.gif" style="height: 254px; width: 455px"/> Past performance is not a good predictor of future performance. The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-866-458-4744. 0.2258 0.0242 0.1014 0.3143 0.0246 0.0646 Past performance is not a good predictor of future performance Fund statistics <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 22%; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; width: 24%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PORTFOLIO</td> <td style="white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PORTFOLIO</td> <td style="white-space: nowrap; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">ADVISORY FEES</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">NET ASSETS:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">HOLDINGS:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">TURNOVER:</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">PAID BY FUND, NET:</td></tr> <tr style="vertical-align: bottom"> <td id="xdx_981_eus-gaap--AssetsNet_iI_c20260731__oef--ClassAxis__custom--C000107720Member_zvODVn43lCY4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$11,652,137</td> <td id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260731__oef--ClassAxis__custom--C000107720Member_z4ad6Mo9qKK7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">49</td> <td id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_c20250801__20260731__oef--ClassAxis__custom--C000107720Member_z6EWkttDDBzl" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">52.71%</td> <td id="xdx_98B_eoef--AdvisoryFeesPaidAmt_c20250801__20260731__oef--ClassAxis__custom--C000107720Member_zD1eEIyyQsVc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$29,978</td></tr> </table>

11652137

0.5271

29978 SECTOR WEIGHTINGS The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments. <img alt="" src="image_006.gif" style="height: 283px; width: 454px"/> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 73%; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Discretionary</td> <td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--ConsumerDiscretionaryMember_zQYbMz3Yqqt3" style="white-space: nowrap; width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.05%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Consumer Staples</td> <td id="xdx_985_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--ConsumerStaplesMember_z3vg1cgr6A3b" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.89%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Energy</td> <td id="xdx_987_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--EnegryMember_zo493csFhmd4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8.17%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Financials</td> <td id="xdx_98D_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--FinancialsMember_zuRfTVP9UQN6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">10.58%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Health Care</td> <td id="xdx_988_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__us-gaap--HealthCareMember_zQftqa1am5n8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">29.72%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Industrials</td> <td id="xdx_98E_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--IndustrialsMember_zGEQ0B59vXsi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20.29%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Money Market Fund</td> <td id="xdx_98F_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--MoneyMarketFundMember_zP31rJAdeXTg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.16%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Technology</td> <td id="xdx_98B_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--TechnologyMember_z4ujdYFpEL2j" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">12.60%</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">Utilities</td> <td id="xdx_983_eoef--PctOfTotalInv_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--IndustrySectorAxis__custom--UtilitiesMember_zaSLMwg8lNR3" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.54%</td></tr> </table> 0.0805 0.0389 0.0817 0.1058 0.2972 0.2029 0.0316 0.1260 0.0354 top ten holdings (% of Net Assets) * <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="width: 13%; padding-right: 5.4pt; padding-left: 5.6pt">1.</td> <td style="white-space: nowrap; width: 67%; padding-right: 5.4pt; padding-left: 5.6pt">Ligand Pharmaceuticals, Inc. Class B</td> <td id="xdx_98C_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--LigandPharmaceuticalsMember_z7UO1jlZLfv7" style="white-space: nowrap; width: 20%; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">5.60%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">2.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">PDF Solutions, Inc.</td> <td id="xdx_985_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--PDFSolutionsMember_z67AUGcz6kcc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">4.05%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">3.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Karat Packaging, Inc.</td> <td id="xdx_985_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--KaratPackagingMember_zShVN6neHcz4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">4.01%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">4.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Pennant Group, Inc.</td> <td id="xdx_98E_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--PennantGroupMember_zCuTflcRrlZf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.49%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">5.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Business First Bancshares, Inc.</td> <td id="xdx_98A_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--BusinessFirstBancsharesMember_zvNWp0hJyACi" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.10%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">6.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Phibro Animal Health Corp. Class A</td> <td id="xdx_982_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--PhibroAnimalHealthCareMember_zBOlTAmyVnK" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.07%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">7.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">iRadimed Corp.</td> <td id="xdx_981_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--IRadimedCorpMember_zf7EsJkAUH86" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">3.06%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">8.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Metropolitan Bank Holding Corp.</td> <td id="xdx_982_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--MetroplitanBankHoldingsCorpMember_z3JI2MyhiqLf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.94%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">9.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">UFP Technologies, Inc.</td> <td id="xdx_98B_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--UFPTechnologiesMember_z3eUzvpF0962" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.79%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt">10.</td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Triumph Financial, Inc.</td> <td id="xdx_980_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member__oef--LargestHoldingAxis__custom--TriumphFinancialIncMember_zQNbzZodT2ma" style="border-bottom: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">2.72%</td></tr> <tr style="vertical-align: bottom"> <td style="padding-right: 5.4pt; padding-left: 5.6pt"> </td> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt">Total % of Net Assets</td> <td id="xdx_988_eoef--PctOfNav_iI_c20260731__oef--ClassAxis__custom--C000107720Member_zqRRmo2GiiQ5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.6pt; text-align: right">34.83%</td></tr> </table> * Excludes Short-Term Investments. 0.0560 0.0405 0.0401 0.0349 0.0310 0.0307 0.0306 0.0294 0.0279 0.0272 0.3483 https://spendlifewiselyfunds.com/documents 1-866-458-4744. <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; display: none; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; width: 21%; padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; width: 32%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Ranger Microcap</td> <td style="white-space: nowrap; width: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Russell Microcap Growth</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">6/6/2018</td> <td id="xdx_980_eoef--AccmVal_c20180606__20180630__oef--ClassAxis__custom--C000107720Member_zMllXcSZg8d2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">250000</td> <td id="xdx_985_eoef--AccmVal_c20180606__20180630__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_z1D1ue5KXtE4" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">250000</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2018</td> <td id="xdx_982_eoef--AccmVal_c20180701__20180731__oef--ClassAxis__custom--C000107720Member_zSJ3TVBiZEnc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">249750</td> <td id="xdx_984_eoef--AccmVal_c20180701__20180731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zuFOAwyZ7yt7" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">245352</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2019</td> <td id="xdx_987_eoef--AccmVal_c20190101__20190131__oef--ClassAxis__custom--C000107720Member_zlYvmWLHu8oe" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">233359</td> <td id="xdx_985_eoef--AccmVal_c20190101__20190131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zKf3NMlzq1J" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">209840</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2019</td> <td id="xdx_986_eoef--AccmVal_c20190701__20190731__oef--ClassAxis__custom--C000107720Member_zMc13DwMo1Me" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">262215</td> <td id="xdx_98E_eoef--AccmVal_c20190701__20190731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zdBK4EgrECpd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">216006</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2020</td> <td id="xdx_983_eoef--AccmVal_c20200101__20200131__oef--ClassAxis__custom--C000107720Member_zwYqULLcREW1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">266230</td> <td id="xdx_986_eoef--AccmVal_c20200101__20200131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zjBJHN7hnn08" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">229806</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2020</td> <td id="xdx_98D_eoef--AccmVal_c20200701__20200731__oef--ClassAxis__custom--C000107720Member_zEuTnhdeMixd" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">275263</td> <td id="xdx_98E_eoef--AccmVal_c20200701__20200731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zOi7Wc9DD4zh" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">246352</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2021</td> <td id="xdx_980_eoef--AccmVal_c20210101__20210131__oef--ClassAxis__custom--C000107720Member_zziNh4BrNUFc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">416032</td> <td id="xdx_98C_eoef--AccmVal_c20210101__20210131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zwGh17xjnFTf" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">370735</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2021</td> <td id="xdx_98D_eoef--AccmVal_c20210701__20210731__oef--ClassAxis__custom--C000107720Member_zS8apdbITpVg" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">487294</td> <td id="xdx_988_eoef--AccmVal_c20210701__20210731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zvFpKSww5mX5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">368770</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2022</td> <td id="xdx_989_eoef--AccmVal_c20220101__20220131__oef--ClassAxis__custom--C000107720Member_zN2QHYoFCu6b" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">442359</td> <td id="xdx_98E_eoef--AccmVal_c20220101__20220131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zowXlJVa55Se" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">283289</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2022</td> <td id="xdx_988_eoef--AccmVal_c20220701__20220731__oef--ClassAxis__custom--C000107720Member_zDRsBa1kOAgj" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">410086</td> <td id="xdx_983_eoef--AccmVal_c20220701__20220731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zd7muPzsAcK2" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">247963</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2023</td> <td id="xdx_980_eoef--AccmVal_c20230101__20230131__oef--ClassAxis__custom--C000107720Member_zhzBKlR5dR2a" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">423371</td> <td id="xdx_984_eoef--AccmVal_c20230101__20230131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zv83FZIdE8T5" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">256170</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2023</td> <td id="xdx_98F_eoef--AccmVal_c20230701__20230731__oef--ClassAxis__custom--C000107720Member_zCGMPDm14a56" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">475409</td> <td id="xdx_98C_eoef--AccmVal_c20230701__20230731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zCEqbesU5CX1" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">253660</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2024</td> <td id="xdx_98E_eoef--AccmVal_c20240101__20240131__oef--ClassAxis__custom--C000107720Member_zUuBZ4OmlBDc" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">400642</td> <td id="xdx_98D_eoef--AccmVal_c20240101__20240131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zxT33DhcPRj6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">245695</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2024</td> <td id="xdx_98A_eoef--AccmVal_c20240701__20240731__oef--ClassAxis__custom--C000107720Member_zK4AGLBIBYJk" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">484136</td> <td id="xdx_98B_eoef--AccmVal_c20240701__20240731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zxj17g0INl13" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">281714</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2025</td> <td id="xdx_985_eoef--AccmVal_c20250101__20250131__oef--ClassAxis__custom--C000107720Member_zWL8KgqDUSZ9" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">486887</td> <td id="xdx_986_eoef--AccmVal_c20250101__20250131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_z9EqI9ag7Dni" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">307885</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2025</td> <td id="xdx_98A_eoef--AccmVal_c20250701__20250731__oef--ClassAxis__custom--C000107720Member_zda664ieTFy" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">447936</td> <td id="xdx_986_eoef--AccmVal_c20250701__20250731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zacjEhrBlDM" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">316875</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">1/31/2026</td> <td id="xdx_989_eoef--AccmVal_c20260101__20260131__oef--ClassAxis__custom--C000107720Member_zA4LkPdM6sC8" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">506354</td> <td id="xdx_98B_eoef--AccmVal_c20260101__20260131__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_z8oKUL2xs9O6" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">392228</td></tr> <tr style="vertical-align: bottom"> <td style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">7/31/2026</td> <td id="xdx_98B_eoef--AccmVal_c20260701__20260731__oef--ClassAxis__custom--C000107720Member_zBpfogDg1z85" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">549099</td> <td id="xdx_983_eoef--AccmVal_c20260701__20260731__oef--BroadBasedIndexAxis__custom--RussellMicrocapMember_zKvUJ9MB26te" style="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">416468</td></tr> </table> 250000 250000 249750 245352 233359 209840 262215 216006 266230 229806 275263 246352 416032 370735 487294 368770 442359 283289 410086 247963 423371 256170 475409 253660 400642 245695 484136 281714 486887 307885 447936 316875 506354 392228 549099 416468