Reinhart International PMV Fund
Schedule of Investments
August 31, 2026 (Unaudited)
COMMON STOCKS - 98.4%									Shares						Value
Austria - 3.6%
BAWAG Group AG									400						$        83,434
Canada - 4.4%
BOYD GROUP SERVICES INC									550						47,775
Constellation Software									25						56,617
															104,392
China - 5.9%
JD Logistics (a)									55,000						77,077
NetEase - ADR									500						60,890
															137,967
France - 11.4%
Accor SA									1,600						86,121
Edenred									3,600						125,576
LVMH Moet Hennessy Louis Vuitton SE									110						57,670
															269,367
Germany - 4.3%
CTS Eventim AG									1,500						101,415
Ireland - 8.4%
Bank of Ireland Group plc									3,000						66,189
ICON PLC (a)									800						131,992
															198,181
Japan - 14.4%
Horiba Ltd.									500						72,840
Mercari (a)									4,000						116,018
Miura Co. Ltd.									3,000						60,084
Organo Corp.									700						56,469
Sanwa Holdings Corp.									1,500						34,056
															339,467
Mexico - 5.9%
Arca Continental SAB de CV									7,500						86,043
Bolsa Mexicana de Valores SAB de CV									23,000						52,627
															138,670
Philippines - 3.0%
International Container Terminal Services, Inc.									5,000						70,909
Portugal - 4.4%
Jeronimo Martins SGPS SA									5,000						104,406
Republic of Korea - 3.9%
Coway									1,300						91,977
Taiwan - 12.8%
Silicon Motion Technology - ADR									800						197,472

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Taiwan Semiconductor Manufacturing - ADR									250						103,830
															301,302
United Kingdom - 10.9%
ConvaTec Group PLC									16,000						48,845
LivaNova PLC (a)									1,000						79,810
London Stock Exchange Group plc									400						48,483
Manchester United PLC - Class A (a)									3,700						80,512
															257,650
United States - 5.1%
Booking Holdings									250						49,772
Euronet Worldwide (a)									1,000						69,510
															119,282
TOTAL COMMON STOCKS (Cost $1,730,841)															2,318,419
WARRANTS - 0.0% (b)									Contracts						Value
Canada - 0.0% (b)
Constellation Software, Expires 03/31/2040, Exercise Price $11.50 (a)(c)									20						0
TOTAL WARRANTS (Cost $0)															0
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 2.5%									Shares						Value
First American Treasury Obligations Fund - Class X, 3.60% (d)									58,718						58,718
TOTAL MONEY MARKET FUNDS (Cost $58,718)															58,718
TOTAL INVESTMENTS - 100.9% (Cost $1,789,559)															2,377,137
Liabilities in Excess of Other Assets - (0.9)%												(0.00883)			(20,818)
TOTAL NET ASSETS - 100.0%															$        2,356,319
Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt PLC - Public Limited Company
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a)						Non-income producing security.
(b)						Represents less than 0.05% of net assets.
(c)						Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of August 31, 2026.
(d)						The rate shown represents the 7-day annualized yield as of August 31, 2026.

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Summary of Fair Value Disclosure as of August 31, 2026 (Unaudited)

Reinhart International PMV 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 August 31, 2026:

Level 1

Level 2

Level 3

Total

Investments:

Common Stocks

$        1,016,850

$        1,301,569

$        –

$        2,318,419

Warrants

–

–

–

0

Money Market Funds

58,718

–

–

58,718

Total Investments

$        1,075,568

$        1,301,569

$        –

$        2,377,137

						Refer to the Schedule of Investments for further disaggregation of investment categories.

Sector Classification as of August 31, 2026
(% of Net Assets)
Financials			$        445,819			18.9%
Information Technology			430,759			18.3
Consumer Discretionary			401,558			17.0
Industrials			346,370			14.7
Health Care			260,647			11.1
Communication Services			242,817			10.3
Consumer Staples			190,449			8.1
Money Market Funds			58,718			2.5
Liabilities in Excess of Other Assets			(20,818)			(0.9)
			$        2,356,319			100.0%