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

Schedule of Investments
October 31, 2024 (unaudited)
Ranger Small Cap Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 96.40%
Apparel Retailers - 1.56%
Boot Barn Holdings, Inc. (2)		3,655		455,230
Banks - 4.10%
Cadence Bank		13,354		446,424
Home Bancshares, Inc.		27,437		748,756
				1,195,180
Biotechnology - 3.53%
ANI Pharmaceuticals, Inc. (2)		8,865		507,477
Medpace Holdings, Inc. (2)		1,661		521,919
				1,029,396
Building Materials: Other - 1.94%
The AZEK Co., Inc. Class A (2)		6,770		297,880
TopBuild Corp. (2)		760		268,569
				566,449
Building Products - 4.61%
AAON, Inc.		8,150		930,893
Simpson Manufacturing Co., Inc.		2,295		412,618
				1,343,511
Computer Services - 3.14%
Workiva, Inc. Class A (2)		11,484		915,964
Cosmetics - 0.96%
e.l.f. Beauty, Inc. (2)		2,670		281,018
Crude Petroleum & Natural Gas - 4.64%
Magnolia Oil & Gas Corp.		23,560		595,597
Permian Resources Corp.		55,515		756,669
				1,352,266
Electric Utilities - 2.64%
Excelerate Energy, Inc		32,175		768,339
Electronic Equipment:  Gauges and Meters - 1.49%
Mesa Laboratories, Inc.		3,809		434,378
Foods - 1.73%
J&J Snack Foods Corp.		3,065		503,028
Footware - 1.73%
Steven Madden, Ltd.		11,185		502,989
Health Care Equipment & Supplies - 0.80%
Merit Medical Systems, Inc. (2)		2,350		231,851
Health Information Services - 2.05%
HealthEquity, Inc. (2)		7,016		598,114
Health Care Providers & Services - 2.27%
Chemed Corp.		1,227		662,874
Home Construction - 2.18%
Champion Homes, Inc. (2)		7,206		635,785
Machinery - 2.29%
Federal Signal Corp.		8,195		668,466
Medical Equipment - 5.75%
LeMaitre Vascular, Inc.		11,064		977,947
Repligen Corp. (2)		5,200		698,204
				1,676,151
Medical Supplies - 1.07%
Conmed Corp.		4,585		312,880
Oil & Gas Field Services, Nec - 3.50%
Aris Water Solutions, Inc. Class A		31,007		511,616
Oceaneering International, Inc. (2)		20,798		507,471
				1,019,087
Orthopedic, Prosthetic & Surgical Appliances & Supplies - 1.87%
MSA Safety, Inc. (2)		3,290		545,976
Refuse Systems - 2.95%
Casella Waste Systems, Inc. (2)		8,775		858,897
Restaurants and Bars - 4.59%
Texas Roadhouse, Inc.		6,995		1,336,884
Retail-Grocery Stores - 2.40%
Sprouts Farmers Market, Inc (2)		5,440		698,659
Services - Home Health Care Services - 1.75%
Option Care Health, Inc. (2)		22,190		511,258
Services  - Membership Sports & Recreation Clubs - 2.64%
OneSpaWorld Holdings Ltd. (Bahamas)		43,880		768,339
Services - Miscellaneous Equipment Rental and Leasing - 2.25%
WillScot Mobile Mini Holdings Corp. (2)		19,770		655,178
Services Prepackaged Software - 3.82%
Guidewire Software, Inc. (2)		5,985		1,114,766
Software - 13.34%
AppFolio, Inc. Class A (2)		2,788		579,542
DoubleVerify Holdings, Inc. (2)		14,652		249,817
nCino, Inc. (2)		5,979		223,017
PDF Solutions, Inc. (2)		14,014		396,876
Paylocity Holding Corp. (2)		3,545		654,301
Pegasystems, Inc.		17,270		1,371,929
Simulations Plus, Inc.		15,153		412,465
				3,887,945
Specialty Business Services - 0.50%
UL Solutions, Inc. (2)		2,810		146,008
Specialty Chemicals - 1.61%
Quaker Chemical Corp.		3,100		469,898
Specialty Retail - 0.47%
America's Car-Mart, Inc. (2)		3,480		135,859
Specialty Retail - 2.02%
Triumph Financial, Inc. (2)		6,651		587,749
Transaction Processing Services - 2.49%
i3 Verticals, Inc. (2)		15,206		349,586
Repay Holdings Corp. (2)		47,380		376,908
				726,494
Trucking - 1.73%
SAIA, Inc. (2)		1,035		505,711
Total Common Stocks		(Cost $           25,075,423)		28,102,578
Short-Term Investment - 3.63%
First American Government Obligation Fund - Class Z 5.236% (3)		1,058,257		1,058,257
Total Short-Term Investment		(Cost $            1,058,257)		1,058,257
Total Investments - 100.03%		(Cost $          26,133,680)		29,160,836
Liabilities Less Other Assets  - (0.03%)				(7,777)
Total Net Assets - 100.00%				29,153,058
(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
Level 1 - Quoted Prices	$	29,160,836	$	-
Level 2 - Other Significant Observable Inputs		-		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	29,160,836	$	-
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.