Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
October
31,
2021
-
(Unaudited)
COMMON
STOCKS
—
97.42%
Shares
Fair
Value
Communications
—
2.60%
Gray
Television,
Inc.
1,656
$
38,817
Consumer
Discretionary
—
13.32%
Asbury
Automotive
Group,
Inc.
(a)
159
31,118
Boyd
Gaming
Corp.
(a)
604
38,522��
Madison
Square
Garden
Entertainment
Corp.,
Class
A
(a)
433
30,514
Marriott
Vacations
Worldwide
Corp.
187
29,400
OneSpaWorld
Holdings
Ltd.
(a)
3,012
32,530
PVH
Corp.
(a)
336
36,735
198,819
Consumer
Staples
—
4.68%
Darling
Ingredients,
Inc.
(a)
551
46,571
TreeHouse
Foods,
Inc.
(a)
643
23,238
69,809
Energy
—
2.75%
PDC
Energy,
Inc.
784
41,011
Financials
—
19.12%
Artisan
Partners
Asset
Management,
Inc.,
Class
A
585
28,981
Banner
Corp.
691
39,913
Cadence
Bank
1,209
35,082
Horace
Mann
Educators
Corp.
645
25,271
Independent
Bank
Corp.
454
38,363
Pacific
Premier
Bancorp,
Inc.
867
36,405
Stifel
Financial
Corp.
573
41,754
Synovus
Financial
Corp.
849
39,555
285,324
Health
Care
—
6.52%
Integer
Holdings
Corp.
(a)
395
35,557
Merit
Medical
Systems,
Inc.
(a)
473
31,814
NuVasive
,
Inc.
(a)
560
29,882
97,253
Industrials
—
25.77%
Allegiant
Travel
Co.
(a)
113
19,806
Brink's
Co.
(The)
489
33,682
Cactus,
Inc.,
Class
A
818
35,583
Gibraltar
Industries,
Inc.
(a)
292
19,027
Harsco
Corp.
(a)
1,889
32,302
Hillenbrand,
Inc.
675
30,686
Kennametal,
Inc.
965
38,358
MSA
Safety,
Inc.
241
36,880
Regal
Rexnord
Corp.
201
30,684
SPX
Corp.
(a)
672
39,036
SPX
FLOW,
Inc.
468
34,964
Zurn
Water
Solutions
Corp.
919
33,341
384,349
Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
(continued)
October
31,
2021
-
(Unaudited)
COMMON
STOCKS
—
97.42%
-
(continued)
Shares
Fair
Value
Materials
—
5.77%
Allegheny
Technologies,
Inc.
(a)
2,212
$
35,613
Avient
Corp.
938
50,540
86,153
Real
Estate
—
4.30%
Corporate
Office
Properties
Trust
1,242
33,683
Physicians
Realty
Trust
1,604
30,492
64,175
Technology
—
12.59%
Avaya
Holdings
Corp.
(a)
879
16,367
CMC
Materials,
Inc.
59
7,574
ExlService
Holdings,
Inc.
(a)
311
38,138
FormFactor
,
Inc.
(a)
840
33,415
ManTech
International
Corp.,
Class
A
431
37,161
MaxLinear
,
Inc.
(a)
877
55,251
187,906
Total
Common
Stocks
(Cost $1,400,274)
1,453,616
MONEY
MARKET
FUNDS
-
2.16%
First
American
Treasury
Obligations
Fund,
Class
X,
0.01%
(b)
32,196
32,196
Total
Money
Market
Funds
(Cost
$32,196)
32,196
Total
Investments
—
99.58%
(Cost
$1,432,470)
1,485,812
Other
Assets
in
Excess
of
Liabilities — 0.42%
6,339
NET
ASSETS
—
100.00%
$
1,492,151
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
October
31,
2021.