Edgar Lomax Value Fund
Schedule of Investments
January 31, 2023 (Unaudited)
Shares		COMMON STOCKS - 95.65%	Value
		Beverage and Tobacco Product Manufacturing - 0.17%
	3,850	Altria Group, Inc.	$	173,404
		Broadcasting (except Internet) - 0.59%
	15,600	Comcast Corp. - Class A		613,860
		Chemical Manufacturing - 16.69%
	3,400	AbbVie, Inc.		502,350
	14,600	Amgen, Inc.		3,685,040
	7,600	Bristol-Myers Squibb Co.		552,140
	91,950	Dow, Inc.		5,457,233
	6,350	Gilead Sciences, Inc.		533,019
	6,300	Johnson & Johnson		1,029,546
	18,000	Merck & Co., Inc.		1,933,380
	61,652	Pfizer, Inc.		2,722,552
	7,400	Procter & Gamble Co.		1,053,612
				17,468,872
		Computer and Electronic Product Manufacturing - 10.89%
	70,250	Cisco Systems, Inc.		3,419,068
	171,100	Intel Corp.		4,835,286
	21,400	Medtronic PLC - ADR		1,790,966
	10,200	Qualcomm, Inc.		1,358,742
				11,404,062
		Couriers and Messengers - 5.33%
	25,800	FedEx Corp.		5,001,588
	3,100	United Parcel Service, Inc. - Class B		574,213
				5,575,801
		Credit Intermediation and Related Activities - 6.93%
	11,000	American Express Co.		1,924,230
	11,900	Bank of New York Mellon Corp.		601,783
	12,050	Citigroup, Inc.		629,251
	21,800	JPMorgan Chase & Co.		3,051,128
	12,500	U.S. Bancorp		622,500
	9,100	Wells Fargo & Co.		426,517
				7,255,409
		Electrical Equipment, Appliance, and Component Manufacturing - 2.46%
	28,550	Emerson Electric Co.		2,575,781
		Food Manufacturing - 0.52%
	13,350	Kraft Heinz Co.		541,075
		Health and Personal Care Stores - 7.74%
	36,100	CVS Health Corp.		3,184,742
	133,550	Walgreens Boots Alliance, Inc.		4,922,653
				8,107,395
		Insurance Carriers and Related Activities - 2.55%
	25,650	American International Group, Inc.		1,621,593
	2,100	UnitedHealth Group, Inc.		1,048,299
				2,669,892
		Machinery Manufacturing - 1.64%
	6,800	Caterpillar, Inc.		1,715,572
		Miscellaneous Manufacturing - 3.72%
	24,400	3M Co.		2,807,952
	5,200	Honeywell International, Inc.		1,084,096
				3,892,048
		Petroleum and Coal Products Manufacturing - 9.08%
	27,400	Chevron Corp.		4,768,148
	16,950	ConocoPhillips		2,065,696
	23,050	Exxon Mobil Corp.		2,674,031
				9,507,875
		Professional, Scientific, and Technical Services - 2.03%
	15,800	International Business Machines Corp.		2,128,734
		Real Estate - 0.57%
	4,650	Simon Property Group, Inc.		597,339
		Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 3.37%
	6,800	Goldman Sachs Group, Inc.		2,487,508
	10,750	Morgan Stanley		1,046,297
				3,533,805
		Semiconductor and Other Electronic Component Manufacturing - 2.63%
	975	Broadcom, Inc.		570,385
	12,300	Texas Instruments, Inc.		2,179,683
				2,750,068
		Telecommunications - 5.62%
	49,900	AT&T, Inc.		1,016,463
	117,050	Verizon Communications, Inc.		4,865,768
				5,882,231
		Transportation Equipment Manufacturing - 5.67%
	46,800	Ford Motor Co.		632,268
	18,000	General Dynamics Corp.		4,195,080
	11,100	Raytheon Technologies Corp.		1,108,335
				5,935,683
		Utilities - 7.45%
	31,500	Duke Energy Corp.		3,227,175
	62,300	Exelon Corp.		2,628,437
	28,750	Southern Co.		1,945,800
				7,801,412
		TOTAL COMMON STOCKS (Cost $98,366,316)		100,130,318
		MONEY MARKET FUND - 4.29%
	4,493,950	Invesco STIT-Treasury Portfolio - Institutional Class, 4.30% (a)		4,493,950
		TOTAL MONEY MARKET FUND (Cost $4,493,950)		4,493,950
		Total Investments in Securities (Cost $102,860,266) - 99.94%		104,624,268
		Other Assets in Excess of Liabilities - 0.06%		62,013
		TOTAL NET ASSETS - 100.00%	$	104,686,281

ADR	American Depository Receipt
PLC	Public Limited Company
(a)	Rate shown is the 7-day annualized yield as of January 31, 2023.

Edgar Lomax Value Fund

Summary of Fair Value Disclosure at January 31, 2023 (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, 2023:

Edgar Lomax Value Fund	Level 1		Level 2		Level 3		Total
Common Stocks
Finance and Insurance	$	13,459,106	$	-	$	-	$	13,459,106
Information		6,496,091		-		-		6,496,091
Manufacturing		51,259,330		-		-		51,259,330
Mining, Quarrying, and Oil and Gas		2,065,696		-		-		2,065,696
Extraction
Real Estate and Rental and Leasing		597,339		-		-		597,339
Retail Trade		12,875,543		-		-		12,875,543
Transportation and Warehousing		5,575,801		-		-		5,575,801
Utilities		7,801,412		-		-		7,801,412
Total Common Stocks		100,130,318		-		-		100,130,318
Money Market Fund		4,493,950		-		-		4,493,950
Total Investments in Securities	$	104,624,268	$	-	$	-	$	104,624,268
Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.