Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
April
30,
2022
-
(Unaudited)
COMMON
STOCKS
—
96.75%
Shares
Fair
Value
Communications
—
2.42%
Gray
Television,
Inc.
8,834
$
163,606
Consumer
Discretionary
—
14.65%
Asbury
Automotive
Group,
Inc.
(a)
960
176,362
Boyd
Gaming
Corp.
2,929
177,439
Callaway
Golf
Co.
(a)
7,053
154,743
Madison
Square
Garden
Entertainment
Corp.,
Class
A
(a)
2,659
194,771
Marriott
Vacations
Worldwide
Corp.
1,034
154,407
OneSpaWorld
Holdings
Ltd.
(a)
13,252
133,050
990,772
Consumer
Staples
—
4.36%
Darling
Ingredients,
Inc.
(a)
2,646
194,190
Spectrum
Brands
Holdings,
Inc.
1,184
100,723
294,913
Energy
—
2.36%
PDC
Energy,
Inc.
2,288
159,565
Financials
—
20.42%
Artisan
Partners
Asset
Management,
Inc.,
Class
A
3,626
116,540
Banner
Corp.
3,483
187,037
Cadence
Bank
6,387
159,930
Horace
Mann
Educators
Corp.
2,983
118,873
Independent
Bank
Corp.
2,335
180,169
Pacific
Premier
Bancorp,
Inc.
4,356
136,604
SouthState
Corp.
1,956
151,473
Stifel
Financial
Corp.
2,830
175,035
Synovus
Financial
Corp.
3,745
155,567
1,381,228
Health
Care
—
7.64%
Integer
Holdings
Corp.
(a)
2,240
168,381
Merit
Medical
Systems,
Inc.
(a)
2,843
176,294
NuVasive
,
Inc.
(a)
3,349
172,273
516,948
Industrials
—
20.58%
Allegiant
Travel
Co.
(a)
1,069
165,898
Brink's
Co.
(The)
2,945
173,607
Cactus,
Inc.,
Class
A
3,039
151,737
Enovis
Corp.
(a)
1,806
117,155
Harsco
Corp.
(a)
5,047
51,580
Hillenbrand,
Inc.
2,559
104,458
MSA
Safety,
Inc.
1,323
159,673
Regal
Rexnord
Corp.
1,191
151,543
SPX
Corp.
(a)
3,555
148,955
Zurn
Water
Solutions
Corp.
5,382
168,026
1,392,632
Materials
—
5.24%
Allegheny
Technologies,
Inc.
(a)
4,919
133,698
Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
(continued)
April
30,
2022
-
(Unaudited)
COMMON
STOCKS
—
96.75%
-
(continued)
Shares
Fair
Value
Materials
—
5.24%
-
continued
Avient
Corp.
4,480
$
220,596
354,294
Real
Estate
—
8.64%
Corporate
Office
Properties
Trust
7,253
193,583
Healthcare
Realty
Trust,
Inc.
7,244
196,167
Physicians
Realty
Trust
11,377
195,002
584,752
Technology
—
10.44%
FormFactor
,
Inc.
(a)
4,270
162,730
II-VI,
Inc.
(a)
2,967
181,610
ManTech
International
Corp.,
Class
A
2,369
190,325
MaxLinear
,
Inc.
(a)
3,584
171,566
706,231
Total
Common
Stocks
(Cost $7,148,491)
6,544,941
MONEY
MARKET
FUNDS
-
3.04%
First
American
Treasury
Obligations
Fund,
Class
X,
0.28%
(b)
205,991
205,991
Total
Money
Market
Funds
(Cost
$205,991)
205,991
Total
Investments
—
99.79%
(Cost
$7,354,482)
6,750,932
Other
Assets
in
Excess
of
Liabilities — 0.21%
14,285
NET
ASSETS
—
100.00%
$
6,765,217
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
April
30,
2022.