Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
October
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
96.98%
Shares
Fair
Value
Communications
—
2.05%
Gray
Television,
Inc.
9,412
$
133,180
Consumer
Discretionary
—
10.91%
Asbury
Automotive
Group,
Inc.
(a)
843
132,983
Boyd
Gaming
Corp.
2,577
148,848
Madison
Square
Garden
Entertainment
Corp.,
Class
A
(a)
2,800
137,284
Marriott
Vacations
Worldwide
Corp.
1,015
149,976
OneSpaWorld
Holdings
Ltd.
(a)
15,429
139,941
709,032
Consumer
Staples
—
3.60%
Darling
Ingredients,
Inc.
(a)
2,507
196,750
Spectrum
Brands
Holdings,
Inc.
809
37,327
234,077
Energy
—
3.83%
Callon
Petroleum
Co.
(a)
1,765
77,589
PDC
Energy,
Inc.
2,378
171,549
249,138
Financials
—
28.14%
Artisan
Partners
Asset
Management,
Inc.,
Class
A
3,958
112,843
Banner
Corp.
2,937
219,541
Cadence
Bank
5,725
158,296
Hanover
Insurance
Group,
Inc.
1,159
169,782
Horace
Mann
Educators
Corp.
4,013
158,353
Independent
Bank
Corp.
2,308
200,819
Pacific
Premier
Bancorp,
Inc.
4,664
169,816
Selective
Insurance
Group,
Inc.
1,756
172,228
SouthState
Corp.
1,789
161,779
Stifel
Financial
Corp.
2,767
171,194
Synovus
Financial
Corp.
3,371
134,334
1,828,985
Health
Care
—
8.49%
Integer
Holdings
Corp.
(a)
2,257
140,679
Medpace
Holdings,
Inc.
(a)
619
137,406
Merit
Medical
Systems,
Inc.
(a)
2,087
143,522
NuVasive,
Inc.
(a)
2,962
130,713
552,320
Industrials
—
24.22%
Belden,
Inc.
2,409
167,739
Brink's
Co.
(The)
2,545
151,758
Cactus,
Inc.,
Class
A
3,424
177,090
Cryoport,
Inc.
(a)
1,121
31,119
Enovis
Corp.
(a)
2,762
136,581
Hexcel
Corp.
2,763
153,899
Hillenbrand,
Inc.
3,197
141,243
MSA
Safety,
Inc.
1,364
183,104
Regal
Rexnord
Corp.
1,217
153,999
SPX
Technologies,
Inc.
(a)
2,668
175,661
Channing
Intrinsic
Value
Small-Cap
Fund
Schedule
of
Investments
(continued)
October
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
96.98%
-
(continued)
Shares
Fair
Value
Industrials
—
24.22%
-
continued
Zurn
Water
Solutions
Corp.
4,374
$
102,745
1,574,938
Materials
—
5.23%
Allegheny
Technologies,
Inc.
(a)
5,851
174,126
Avient
Corp.
4,820
166,242
340,368
Real
Estate
—
5.05%
Corporate
Office
Properties
Trust
6,919
184,392
Physicians
Realty
Trust
9,570
144,124
328,516
Technology
—
5.46%
Coherent
Corp.
(a)
2,714
91,218
Diodes,
Inc.
(a)
1,774
127,143
Lumentum
Holdings,
Inc.
(a)
412
30,673
MaxLinear,
Inc.
(a)
3,432
105,980
355,014
Total
Common
Stocks
(Cost $6,858,055)
6,305,568
MONEY
MARKET
FUNDS
-
3.35%
First
American
Treasury
Obligations
Fund,
Class
X,
3.06%
(b)
217,865
217,865
Total
Money
Market
Funds
(Cost
$217,865)
217,865
Total
Investments
—
100.33%
(Cost
$7,075,920)
6,523,433
Liabilities
in
Excess
of
Other
Assets — (0.33)%
(21,618)
NET
ASSETS
—
100.00%
$
6,501,815
(a)
Non-income
producing
security.
(b)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
October
31,
2022.