Ranger Funds Investment Trust NPORT-P Ranger Micro Cap Fund (Oct 2024 report)

Schedule of Investments
October 31, 2024 (unaudited)
Ranger Micro Cap Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 95.46%
Advertising Agencies - 2.46%
National CineMedia, Inc. (2)		10,795		77,616
Quinstreet, Inc. (2)		8,350		175,350
				252,966
Apparel Retailers - 1.79%
Boot Barn Holdings, Inc.  (2)		1,480		184,334
Auto Parts - 1.54%
Douglas Dynamics, Inc. (2)		6,965		157,757
Banks - 2.59%
Metropolitan Bank Holding Corp. (2)		4,965		265,628
Beverages - Non-Alcoholic - 1.80%
The Vita Coco Co., Inc. (2)		6,230		184,470
Biotechnology - 7.56%
ANI Pharmaceuticals, Inc.  (2)		7,596		434,833
Ligand Pharmaceuticals, Inc. (2)		3,230		341,411
				776,244
Crude Petroleum and Natural Gas - 2.11%
Evolution Petroleum Corp.		42,040		216,506
Electrical Components  - 3.00%
NVE Corp.		4,093		308,489
Electric Utilities  - 2.95%
Excelerate Energy, Inc		12,709		303,491
Electronic Equipment: Gauges and Meters - 2.95%
Mesa Laboratories, Inc.		2,656		302,890
Farm Products - 2.92%
Vital Farms, Inc. (2)		8,660		300,329
Home Construction - 1.44%
Green Brick Partners, Inc. (2)		2,140		147,681
Medical Care Facilities - 1.87%
Pennant Group, Inc. (2)		6,010		192,140
Medical Equipment - 15.39%
BioLife Solutions, Inc. (2)		13,275		310,635
InfuSystem Holdings, Inc. (2)		29,636		183,447
iRadimed Corp.		9,615		473,731
LeMaitre Vascular, Inc.		6,942		613,603
				1,581,416
Medical Supplies - 6.63%
UFP Technologies, Inc. (2)		1,760		469,920
Utah Medical Products, Inc.		3,330		211,055
				680,975
Oil and Gas Field Services, NEC - 4.23%
Aris Water Solutions, Inc. Class A		26,309		434,099
Oil and Gas Field Services, NEC - 1.01%
Select Water Solutions, Inc. (2)		9,765		103,509
Packaging & Containers - 1.59%
Karat Packaging, Inc.		6,119		163,377
Restaurants and Bars - 4.17%
Kura Sushi USA, Inc. Class A  (2)		4,294		428,627
Services-Membership Sports & Recreation Clubs - 5.14%
OneSpaWorld Holdings Ltd.   (2)		30,185		528,539
State Commercial Banks - 6.75%
Business First Bancshares, Inc.		14,425		377,791
Triumph Financial, Inc. (2)		3,572		315,658
				693,448
Software - 7.77%
Mitek Systems, Inc. (2)		29,165		250,527
PDF Solutions, Inc. (2)		10,870		307,838
Simulations Plus, Inc.		8,825		240,217
				798,582
Specialty Retailers - 1.16%
America's Car-Mart, Inc. (2)		3,042		118,760
Transaction Processing Services - 6.65%
I3 Verticals, Inc. Class A  (2)		19,076		438,557
Repay Holdings Corp. Class A  (2)		30,799		245,006
				683,563
Total Common Stocks		(Cost $             9,272,711)		9,807,822
Short-Term Investment - 3.86%
Fidelity Money Market Funds Fidelity Investments Money Market Treasury Portfolio -  4.47% (3)		396,681		396,681
Total Short-Term Investment		(Cost $               396,681)		396,681
Total Investments - 99.32%		(Cost $             9,669,392)		10,204,503
Other Assets In Excess of Liabilities  -  0.68%				69,758
Total Net Assets - 100.00%				10,274,261
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of October 31, 2024 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	10,204,503	$	-
Level 2 - Other Significant Observable Inputs		-		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	10,204,503	$	-
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  The yield shown represents the 7-day yield in effect at October 31, 2024.