Edgar Lomax Value Fund
Schedule of Investments
July 31, 2022 (Unaudited)
Shares		COMMON STOCKS - 95.42%	Value
		Beverage and Tobacco Product Manufacturing - 5.13%
	3,850	Altria Group, Inc.	$	168,861
	69,650	Coca-Cola Co.		4,469,440
	3,300	PepsiCo, Inc.		577,368
				5,215,669
		Broadcasting (except Internet) - 0.09%
	5,757	Warner Bros Discovery, Inc.(a)		86,355
		Building Material and Garden Equipment - 0.68%
	3,600	Lowe's Cos., Inc.		689,508
		Chemical Manufacturing - 18.93%
	4,300	AbbVie, Inc.		617,093
	13,300	Amgen, Inc.		3,291,351
	9,400	Bristol-Myers Squibb Co.		693,532
	52,850	Dow, Inc.		2,812,148
	13,650	Gilead Sciences, Inc.		815,588
	10,500	Johnson & Johnson		1,832,460
	54,900	Merck & Co., Inc.		4,904,766
	65,752	Pfizer, Inc.		3,321,134
	6,900	Procter & Gamble Co.		958,479
				19,246,551
		Computer and Electronic Product Manufacturing - 5.85%
	27,550	Cisco Systems, Inc.		1,249,943
	99,500	Intel Corp.		3,612,845
	11,700	Medtronic PLC - ADR		1,082,484
				5,945,272
		Credit Intermediation and Related Activities - 6.51%
	2,500	American Express Co.		385,050
	39,200	Bank of America Corp.		1,325,352
	30,000	Bank of New York Mellon Corp.		1,303,800
	12,050	Capital One Financial Corp.		1,323,451
	9,650	Citigroup, Inc.		500,835
	3,700	JPMorgan Chase & Co.		426,832
	10,400	U.S. Bancorp		490,880
	19,600	Wells Fargo & Co.		859,852
				6,616,052
		Electrical Equipment, Appliance, and Component Manufacturing - 1.15%
	12,950	Emerson Electric Co.		1,166,407
		Food Manufacturing - 2.90%
	48,850	Kraft Heinz Co.		1,799,146
	17,900	Mondelez International, Inc. - Class A		1,146,316
				2,945,462
		General Merchandise Stores - 1.13%
	7,000	Target Corp.		1,143,660
		Health and Personal Care Stores - 8.73%
	50,800	CVS Health Corp.		4,860,544
	101,350	Walgreens Boots Alliance, Inc.		4,015,487
				8,876,031
		Insurance Carriers and Related Activities - 4.74%
	30,650	American International Group, Inc.		1,586,750
	30,550	MetLife, Inc.		1,932,288
	2,400	UnitedHealth Group, Inc.		1,301,616
				4,820,654
		Merchant Wholesalers, Durable Goods - 2.38%
	16,900	3M Co.		2,420,756
		Petroleum and Coal Products Manufacturing - 8.89%
	26,400	Chevron Corp.		4,323,792
	11,350	ConocoPhillips		1,105,831
	37,250	Exxon Mobil Corp.		3,610,642
				9,040,265
		Professional, Scientific, and Technical Services - 2.88%
	22,400	International Business Machines Corp.		2,929,696
		Rail Transportation - 1.06%
	4,750	Union Pacific Corp.		1,079,675
		Real Estate - 0.39%
	3,650	Simon Property Group, Inc.		396,536
		Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 3.77%
	450	BlackRock, Inc.		301,131
	4,600	Goldman Sachs Group, Inc.		1,533,594
	23,750	Morgan Stanley		2,002,125
				3,836,850
		Semiconductor and Other Electronic Component Manufacturing - 1.60%
	900	Broadcom, Inc.		481,932
	6,400	Texas Instruments, Inc.		1,144,896
				1,626,828
		Telecommunications - 4.89%
	23,800	AT&T, Inc.		446,964
	97,850	Verizon Communications, Inc.		4,519,692
				4,966,656
		Transportation Equipment Manufacturing - 6.40%
	20,000	General Dynamics Corp.		4,533,400
	1,600	Lockheed Martin Corp.		662,096
	14,000	Raytheon Technologies Corp.		1,304,940
				6,500,436
		Utilities - 7.32%
	16,900	Constellation Energy Corp.		1,117,090
	12,500	Duke Energy Corp.		1,374,125
	53,400	Exelon Corp.		2,482,566
	32,050	Southern Co.		2,464,324
				7,438,105
		TOTAL COMMON STOCKS (Cost $93,228,209)		96,987,424
		MONEY MARKET FUND - 4.44%
	4,513,974	Invesco Treasury - Institutional Class, 1.83% (b)		4,513,974
		TOTAL MONEY MARKET FUND (Cost $4,513,974)		4,513,974
		Total Investments in Securities (Cost $97,742,183) - 99.86%		101,501,398
		Other Assets in Excess of Liabilities - 0.14%		145,982
		TOTAL NET ASSETS - 100.00%	$	101,647,380

ADR	American Depository Receipt
PLC	Public Limited Company
(a)	Non-income producing security.
(b)	Rate shown is the 7-day annualized yield as of July 31, 2022.

Edgar Lomax Value Fund

Summary of Fair Value Disclosure at July 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 July 31, 2022:

Edgar Lomax Value Fund	Level 1		Level 2		Level 3		Total
Common Stocks
Finance and Insurance	$	13,950,105	$	-	$	-	$	13,950,105
Information		5,053,011		-		-		5,053,011
Management of Companies and Enterprises		1,323,451		-		-		1,323,451
Manufacturing		51,607,719		-		-		51,607,719
Mining, Quarrying, and Oil and Gas Extraction		1,105,831		-		-		1,105,831
Real Estate and Rental and Leasing		396,536		-		-		396,536
Retail Trade		15,032,991		-		-		15,032,991
Transportation and Warehousing		1,079,675		-		-		1,079,675
Utilities		7,438,105		-		-		7,438,105
Total Common Stocks		96,987,424		-		-		96,987,424
Money Market Fund		4,513,974		-		-		4,513,974
Total Investments in Securities	$	101,501,398	$	-	$	-	$	101,501,398
Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.