Edgar Lomax Value Fund
Schedule of Investments
January 31, 2022 (Unaudited)
Shares		COMMON STOCKS - 97.92%	Value
		Beverage and Tobacco Product Manufacturing - 4.65%
	3,850	Altria Group, Inc.	$	195,888
	65,950	Coca-Cola Co.		4,023,609
	3,100	PepsiCo, Inc.		537,912
				4,757,409
		Building Material and Garden Equipment - 0.79%
	3,400	Lowe's Cos., Inc.		806,990
		Chemical Manufacturing - 15.78%
	4,100	AbbVie, Inc.		561,249
	12,600	Amgen, Inc.		2,861,964
	9,000	Bristol-Myers Squibb Co.		584,010
	50,250	Dow, Inc.		3,001,432
	12,950	Gilead Sciences, Inc.		889,406
	9,900	Johnson & Johnson		1,705,671
	52,100	Merck & Co., Inc.		4,245,108
	43,952	Pfizer, Inc.		2,315,831
				16,164,671
		Computer and Electronic Product Manufacturing - 7.02%
	26,150	Cisco Systems, Inc.		1,455,771
	94,000	Intel Corp.		4,589,080
	11,100	Medtronic PLC - ADR		1,148,739
				7,193,590
		Credit Intermediation and Related Activities - 10.28%
	2,400	American Express Co.		431,568
	37,200	Bank of America Corp.		1,716,408
	28,500	Bank of New York Mellon Corp.		1,688,910
	27,250	Capital One Financial Corp.		3,998,393
	9,250	Citigroup, Inc.		602,360
	3,500	JPMorgan Chase & Co.		520,100
	9,800	U.S. Bancorp		570,262
	18,600	Wells Fargo & Co.		1,000,680
				10,528,681
		Electrical Equipment, Appliance, and Component Manufacturing - 1.11%
	12,350	Emerson Electric Co.		1,135,582
		Food Manufacturing - 2.73%
	46,350	Kraft Heinz Co.		1,659,330
	16,900	Mondelez International, Inc. - Class A		1,132,807
				2,792,137
		General Merchandise Stores - 1.42%
	6,600	Target Corp.		1,454,838
		Health and Personal Care Stores - 9.68%
	48,300	CVS Health Corp.		5,144,433
	95,850	Walgreens Boots Alliance, Inc.		4,769,496
				9,913,929
		Insurance Carriers and Related Activities - 7.72%
	29,050	American International Group, Inc.		1,677,637
	76,350	MetLife, Inc.		5,120,031
	2,350	UnitedHealth Group, Inc.		1,110,540
				7,908,208
		Merchant Wholesalers, Durable Goods - 2.59%
	16,000	3M Co.		2,656,320
		Petroleum and Coal Products Manufacturing - 6.77%
	25,100	Chevron Corp.		3,296,383
	10,750	ConocoPhillips		952,665
	35,350	Exxon Mobil Corp.		2,685,186
				6,934,234
		Professional, Scientific, and Technical Services - 2.78%
	21,300	International Business Machines Corp.		2,845,041
		Rail Transportation - 1.09%
	4,550	Union Pacific Corp.		1,112,703
		Real Estate - 0.50%
	3,450	Simon Property Group, Inc.		507,840
		Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 4.06%
	400	BlackRock, Inc.		329,176
	4,300	Goldman Sachs Group, Inc.		1,525,124
	22,450	Morgan Stanley		2,302,023
				4,156,323
		Semiconductor and Other Electronic Component Manufacturing - 1.53%
	800	Broadcom, Inc.		1,094,889
	6,100	Texas Instruments, Inc.		468,704
				1,563,593
		Telecommunications - 5.57%
	22,500	AT&T, Inc.		573,750
	96,450	Verizon Communications, Inc.		5,134,033
				5,707,783
		Transportation Equipment Manufacturing - 5.69%
	18,900	General Dynamics Corp.		4,008,690
	1,600	Lockheed Martin Corp.		622,608
	13,300	Raytheon Technologies Corp.		1,199,527
				5,830,825
		Utilities - 6.16%
	11,900	Duke Energy Corp.		1,250,214
	50,700	Exelon Corp.		2,938,065
	30,450	Southern Co.		2,115,971
				6,304,250
		TOTAL COMMON STOCKS (Cost $91,004,916)		100,274,947
		MONEY MARKET FUND - 0.44%
	455,084	Invesco STIT-Treasury Portfolio - Institutional Class, 0.01% (a)		455,084
		TOTAL MONEY MARKET FUND (Cost $455,084)		455,084
		Total Investments in Securities (Cost $91,460,000) - 98.36%		100,730,031
		Other Assets in Excess of Liabilities - 1.64%		1,677,696
		TOTAL NET ASSETS - 100.00%	$	102,407,727

ADR	American Depository Receipt
PLC	Public Limited Company
(a)	Rate shown is the 7-day annualized yield as of January 31, 2022.

Edgar Lomax Value Fund

Summary of Fair Value Disclosure at January 31, 2022 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United

States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may

include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves,

default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions

about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2022:

Edgar Lomax Value Fund	Level 1		Level 2		Level 3		Total
Common Stocks
Administrative Support and Waste
Management	$	5,134,034	$	-	$	-	$	5,134,034
Finance and Insurance		18,594,819		-		-		18,594,819
Information		573,750		-		-		573,750
Management of Companies and
Enterprises		3,998,392		-		-		3,998,392
Manufacturing		47,624,355		-		-		47,624,355
Mining, Quarrying, and Oil and Gas
Extraction		952,665		-		-		952,665
Real Estate		507,840		-		-		507,840
Retail Trade		15,472,140		-		-		15,472,140
Transportation and Warehousing		1,112,702		-		-		1,112,702
Utilities		6,304,250		-		-		6,304,250
Total Common Stocks		100,274,947		-		-		100,274,947
Money Market Fund		455,084		-		-		455,084
Total Investments in Securities	$	100,730,031	$	-	$	-	$	100,730,031

Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.