CLIFFORD CAPITAL INTERNATIONAL VALUE FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 (unaudited)

		Shares		Fair Value
102.25%	COMMON STOCKS
2.09%	CANADA
	Enbridge Inc.	367	$	13,634
4.40%	CHINA
	CITIC Ltd.	16,000		19,091
	Ping An Insurance Group Company of China Ltd.	1,500		9,543
				28,634
2.47%	FINLAND
	Nokia Oyj ADR	3,860		16,058
19.92%	FRANCE
	Airbus SE	143		20,654
	Capgemini SE	58		10,984
	Carrefour SA	1,064		20,150
	Engie SA	1,213		20,156
	Schneider Electric SE	67		12,170
	Societe Generale SA	1,037		26,932
	Worldline SA (A)	510		18,643
				129,689
10.22%	GERMANY
	BASF SE	305		14,800
	Bayer AG	291		16,090
	Continental AG	230		17,343
	Fresenius Medical Care AG & Co. KGaA ADR	767		18,354
				66,587
2.34%	HONG KONG
	CK Hutchison Holdings Ltd.	2,500		15,266
2.48%	ITALY
	Enel SpA	2,395		16,120
7.74%	JAPAN
	Astellas Pharma Inc.	1,100		16,382
	Kao Corp.	300		10,840
	Takeda Pharmaceutical Co. Ltd. ADR	1,477		23,204
				50,426
7.08%	NETHERLANDS
	Koninklijke Ahold Delhaize N.V.	552		18,829
	Koninklijke Philips N.V. ADR (A)	1,256		27,249
				46,078
7.67%	SPAIN
	Banco Santander SA ADR	7,506		27,847
	Telefonica SA ADR	5,484		22,101
				49,948
1.96%	SWEDEN
	Telefonaktiebolaget LM Ericsson ADR	2340		12,753
3.24%	SWITZERLAND
	Roche Holding AG	69		21,084
1.40%	TAIWAN
	Taiwan Semiconductor Manufacturing Co., Ltd. ADR	90		9,083

		CLIFFORD CAPITAL INTERNATIONAL VALUE FUND
		SCHEDULE OF INVESTMENTS
		June 30, 2023 (unaudited)
26.40%	UNITED KINGDOM
	Aviva plc	2,629	$	13,197
	BAE Systems plc	802		9,442
	BT Group plc	10,471		16,270
	HSBC Holdings plc ADR	727		28,804
	Liberty Global plc- Class A (A)	1,281		21,598
	Rolls-Royce Holdings plc (A)	9,137		17,528
	Shell plc ADR	377		22,763
	Unilever plc ADR	419		21,842
	Vodafone Group plc ADR	2,163		20,440
				171,884
2.84%	UNITED STATES
	Schlumberger, Ltd.	376		18,469
102.25%	TOTAL COMMON STOCKS			665,713
102.25%	TOTAL INVESTMENTS			665,713
(2.25%)	Liabilities in excess of other assets			(14,619)
100.00%	NET ASSETS		$	651,094

(A)Non-income producing

ADR - Security represented is held by the custodian bank in the form of American Depositary Receipts.

In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

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
			Other Significant
		Quoted Prices	Observable Inputs		Significant Unobservable Inputs		Total
Common Stocks		665,713		-	-		665,713
Total Investments	$	665,713	$	- $	-	$	665,713
The Fund held no Level 3 securities at any time during the period.
There were no transfers into or out of Levels 1 and 2 during the period ended June 30, 2023.
At June 30, 2023, the cost of investment for Federal income tax purposes has been estimated since the final tax characteristics cannot
be determined until fiscal year end. Cost of securities for Federal income tax purpose is $648,216 and the related tax-based net unrealized
appreciation (depreciation) consists of:
			Gross unrealized appreciation			$	62,837
			Gross unrealized depreciation				(45,340)
			Net unrealized appreciation			$	17,497