Poplar Forest Cornerstone Fund
Schedule of Investments
at June 30, 2023 (Unaudited)
Shares/PAR			Value
		COMMON STOCKS - 60.8%
		Air Freight & Logistics - 2.3%
	2,900	FedEx Corp.	$	718,910
		Banks - 4.3%
	16,300	Citigroup, Inc.		750,452
	14,200	Wells Fargo & Co.		606,056
				1,356,508
		Biotechnology - 2.8%
	4,000	United Therapeutics Corp. (a)		883,000
		Chemicals - 2.5%
	14,600	Dow, Inc.		777,596
		Consumer Finance - 1.3%
	15,200	Ally Financial, Inc.		410,552
		Consumer Staples Distribution - 2.2%
	4,900	Dollar Tree, Inc. (a)		703,150
		Diversified Telecommunication Services - 2.1%
	41,700	AT&T, Inc.		665,115
		Entertainment - 1.2%
	29,600	Warner Bros. Discovery, Inc. (a)		371,184
		Financial Services - 5.7%
	4,021	Apollo Global Management, Inc.		308,853
	29,700	Equitable Holdings, Inc.		806,652
	12,400	Fidelity National Information Services, Inc.		678,280
				1,793,785
		Food Products - 2.4%
	15,000	Tyson Foods, Inc.		765,600
		Gas Utilities - 2.5%
	15,200	National Fuel Gas Co.		780,672
		Health Care Providers & Services - 5.3%
	4,600	AmerisourceBergen Corp.		885,178
	11,400	CVS Health Corp.		788,082
				1,673,260
		Hotels, Restaurants & Leisure - 2.0%
	10,800	Las Vegas Sands Corp. (a)		626,400
		Insurance - 3.4%
	5,800	Allstate Corp.		632,432
	7,900	American International Group, Inc.		454,566
				1,086,998
		IT Services - 4.3%
	19,500	DXC Technology Co. (a)		521,040
	6,300	International Business Machines Corp.		843,003
				1,364,043
		Machinery - 2.6%
	22,500	CNH Industrial NV (c)		324,000
	5,800	Oshkosh Corp.		502,222
				826,222
		Oil, Gas & Consumable Fuels - 3.0%
	4,000	Chevron Corp.		629,400
	8,400	Murphy Oil Corp.		321,720
				951,120
		Pharmaceuticals - 2.4%
	6,600	Merck & Co., Inc.		761,574
		Semiconductors & Semiconductor Equipment - 2.5%
	23,900	Intel Corp.		799,216
		Software - 1.1%
	2,500	VMware, Inc. (a)		359,225
		Specialty Retail - 0.6%
	2,600	Advance Auto Parts, Inc.		182,780
		Textiles, Apparel & Luxury Goods - 1.6%
	11,800	Tapestry, Inc.		505,040
		Tobacco - 2.7%
	8,600	Philip Morris International, Inc.		839,532
		TOTAL COMMON STOCKS (Cost $15,968,567)		19,201,482
		CORPORATE BONDS - 11.8%
		Banks - 2.1%
		Citizens Financial Group, Inc.
$	700,000	3.750%, 7/1/24		671,573
		Food Products - 2.3%
		McCormick & Company, Inc.
	715,000	3.500%, 9/1/23		712,148
		Gas Utilities - 2.3%
		National Fuel Gas Co.
	800,000	3.950%, 9/15/27		735,607
		Pharmaceuticals - 2.5%
		Bristol-Myers Squibb Co.
	725,000	6.125%, 5/1/38		786,188
		Specialty Retail - 2.6%
		Dick's Sporting Goods, Inc.
	1,000,000	3.150%, 1/15/32		819,792
		TOTAL CORPORATE BONDS (Cost $3,781,696)		3,725,308
		U.S. TREASURY NOTES - 14.0%
		U.S. Treasury Note TIPS
	894,327	0.125%, 7/15/24		867,411
	889,477	0.250%, 7/15/29		812,252
		U.S. Treasury Notes
	310,000	0.500%, 11/30/23		303,903
	145,000	0.750%, 12/31/23		141,763
	165,000	0.875%, 1/31/24		160,751
	165,000	1.500%, 2/29/24		160,783
	145,000	2.250%, 3/31/24		141,601
	800,000	4.125%, 1/31/25		787,485
	300,000	2.625%, 4/15/25		287,760
	770,000	3.875%, 2/15/43		749,667
		TOTAL U.S. TREASURY NOTES (Cost $4,579,594)		4,413,376
		U.S. GOVERNMENT AGENCY - 2.5%
		Federal Home Loan Banks
	800,000	4.500%, 9/30/27 (e)		791,549
		TOTAL U.S. GOVERNMENT AGENCY (Cost $800,000)		791,549
		PREFERRED STOCK - 1.6%
		Consumer Finance - 1.6%
	700,000	Ally Financial, Inc. - Series B, 4.70%		495,687
		TOTAL PREFERRED STOCK (Cost $713,346)		495,687
		SHORT-TERM INVESTMENTS - 9.0%
		MONEY MARKET FUND - 2.4%
	747,896	Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class, 4.956% (b)		747,896
		TOTAL MONEY MARKET FUND (Cost $747,896)		747,896
		U.S. TREASURY BILLS - 6.6%
$	160,000	4.670%, 7/27/23 (d)		159,465
	820,000	5.119%, 8/24/23 (d)		813,870
	155,000	4.650%, 9/28/23 (d)		153,066
	165,000	4.840%, 10/26/23 (d)		162,260
	500,000	5.170%, 11/24/23 (d)		489,647
	168,000	4.530%, 4/18/24 (d)		161,030
	165,000	4.930%, 6/13/24 (d)		156,871
		TOTAL U.S. TREASURY BILLS (Cost $2,097,267)		2,096,209
		TOTAL SHORT-TERM INVESTMENTS (Cost $2,845,163)		2,844,105
		Total Investments in Securities (Cost $28,688,366) - 99.7%		31,471,507
		Other Assets in Excess of Liabilities - 0.3%		90,253
		NET ASSETS - 100.0%	$	31,561,760
		TIPS - Treasury Inflation Protected Securities
(a)		Non-income producing security.
(b)		Rate shown is the 7-day annualized yield at June 30, 2023.
(c)		U.S. traded security of a foreign issuer.
(d)		Rate shown is the discount rate at June 30, 2023.
(e)		Step-up bond; pays one interest rate for a certain period and a higher rate thereafter. The interest
		rate shown is the rate in effect as of June 30, 2023, and steps up every six months with a terminal rate of 10% as of March 30, 2027.
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's
Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

Poplar Forest Cornerstone Fund

Summary of Fair Value Disclosure at June 30, 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 June 30, 2023:

	Level 1		Level 2		Level 3		Total
Common Stocks
Communication Services	$	1,036,299	$	-	$	-	$	1,036,299
Consumer Discretionary		1,314,220		-		-		1,314,220
Consumer Staples		2,308,282		-		-		2,308,282
Energy		951,120		-		-		951,120
Financials		4,647,843		-		-		4,647,843
Health Care		3,317,834		-		-		3,317,834
Industrials		1,545,132		-		-		1,545,132
Information Technology		2,522,484		-		-		2,522,484
Materials		777,596		-		-		777,596
Utilities		780,672		-		-		780,672
Total Common Stocks		19,201,482		-		-		19,201,482
Corporate Bonds		-		3,725,308		-		3,725,308
U.S. Treasury Notes		-		4,413,376		-		4,413,376
U.S. Government Agency		-		791,549		-		791,549
Preferred Stock		-		495,687		-		495,687
Money Market Fund		747,896		-		-		747,896
U.S. Treasury Bills		-		2,096,209		-		2,096,209
Total Investments in Securities	$	19,949,378	$	11,522,129	$	-	$	31,471,507
Refer to the Fund’s schedule of investments for a detailed break-out of securities by industry classification.