PORTFOLIO OF INVESTMENTS – as of August 31, 2022 (Unaudited)

Vaughan Nelson Select Fund

Shares		Description	Value (†)
	Common Stocks – 94.4% of Net Assets
		Auto Components – 0.8%
	255,475	Luminsar Technologies, Inc.(a)	$	2,202,195
		Biotechnology – 6.0%
	62,185	Vertex Pharmaceuticals, Inc.(a)		17,521,246
		Capital Markets – 4.6%
	133,565	Intercontinental Exchange, Inc.		13,470,030
		Chemicals – 5.1%
	37,245	Nutrien Ltd.		3,417,974
	49,555	Sherwin-Williams Co. (The)		11,501,715
				14,919,689
		Communications Equipment – 4.1%
	48,735	Motorola Solutions, Inc.		11,862,586
		Diversified Financial Services – 3.9%
	40,200	Berkshire Hathaway, Inc., Class B(a)		11,288,160
		Diversified Telecommunication Services – 2.6%
	143,735	Cogent Communications Holdings, Inc.		7,653,889
		Electric Utilities – 5.7%
	195,420	NextEra Energy, Inc.		16,622,425
		Food Products – 4.3%
	149,645	McCormick & Co., Inc.		12,580,655
		Health Care Providers & Services – 0.6%
	3,685	Chemed Corp.		1,754,760
		Household Products – 3.4%
	69,245	Clorox Co. (The)		9,994,823
		Insurance – 4.1%
	43,155	Aon PLC, Class A		12,051,465
		Interactive Media & Services – 3.7%
	99,760	Alphabet, Inc., Class A(a)		10,796,027
		Internet & Direct Marketing Retail – 4.4%
	101,075	Amazon.com, Inc.(a)		12,813,278
		IT Services – 4.4%
	65,795	Jack Henry & Associates, Inc.		12,645,799
		Life Sciences Tools & Services – 3.4%
	36,260	Danaher Corp.		9,786,937
		Metals & Mining – 3.6%
	339,325	Wheaton Precious Metals Corp.		10,349,413

Shares		Description	Value (†)
	Common Stocks – continued
		Multiline Retail – 5.0%
	61,365	Dollar General Corp.	$	14,569,278
		Oil, Gas & Consumable Fuels – 3.4%
	1,385,675	Kosmos Energy Ltd.(a)		9,796,722
		Pharmaceuticals – 4.8%
	85,980	Johnson & Johnson		13,872,013
		Road & Rail – 6.2%
	27,730	Saia, Inc.(a)		5,735,396
	54,640	Union Pacific Corp.		12,267,226
				18,002,622
		Semiconductors & Semiconductor Equipment – 5.3%
	36,260	Entegris, Inc.		3,440,349
	11,320	Monolithic Power Systems, Inc.		5,129,998
	45,125	NVIDIA Corp.		6,811,167
				15,381,514
		Software – 5.0%
	55,950	Microsoft Corp.		14,629,247
		Total Common Stocks (Identified Cost $272,379,306)		274,564,773
Principal Amount
	Short-Term Investments – 5.7%
	$16,706,975	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 8/31/2022 at 0.650% to be repurchased at $16,707,276 on 9/01/2022 collateralized by $19,064,600 U.S. Treasury Note, 1.250% due 6/30/2028 valued at $17,041,159 including accrued interest(b) (Identified Cost $16,706,975)		16,706,975
		Total Investments – 100.1% (Identified Cost $289,086,281)		291,271,748
		Other assets less liabilities – (0.1)%		(397,977	)
		Net Assets – 100.0%	$	290,873,771

(†) Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser or sub-adviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser or sub-adviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows:

Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be valued using evaluated bids furnished by an independent pricing service, if available.

In some foreign markets, an official close price and a last sale price may be available from the foreign exchange or market. In those cases, the official close price is used.

Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers.

Broker-dealer bid prices may be used to value debt and unlisted equity securities where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.

Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser or sub-adviser pursuant to procedures approved by the Board of Trustees. The Fund may also value securities and other investments at fair value in other circumstances such as when extraordinary events occur after the close of a foreign market but prior to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of the issuer’s security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing its securities or other investments, the Fund may, among other things, use modeling tools or other processes that may take into account factors such as securities or other market activity and/or significant events that occur after the close of the foreign market and before the time the Fund’s net asset value (“NAV”) is calculated. Fair value pricing may require subjective determinations about the value of a security, and fair values used to determine the Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same securities. In addition, the use of fair value pricing may not always result in adjustments to the prices of securities held by the Fund.

The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.

(a) Non-income producing security.

(b) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of August 31, 2022, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

• Level 1 – quoted prices in active markets for identical assets or liabilities;

• Level 2 – prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

• Level 3 – prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

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 August 31, 2022, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Common Stocks*	$	274,564,773	$	—	$	—	$	274,564,773
Short-Term Investments		—		16,706,975		—		16,706,975
Total	$	274,564,773	$	16,706,975	$	—	$	291,271,748

* Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

Industry Summary at August 31, 2022 (Unaudited)

Road & Rail	6.2	%
Biotechnology	6.0
Electric Utilities	5.7
Semiconductors & Semiconductor Equipment	5.3
Chemicals	5.1
Software	5.0
Multiline Retail	5.0
Pharmaceuticals	4.8
Capital Markets	4.6
Internet & Direct Marketing Retail	4.4
IT Services	4.4
Food Products	4.3
Insurance	4.1
Communications Equipment	4.1
Diversified Financial Services	3.9
Interactive Media & Services	3.7
Metals & Mining	3.6
Household Products	3.4
Oil, Gas & Consumable Fuels	3.4
Life Sciences Tools & Services	3.4
Diversified Telecommunication Services	2.6
Other Investments, less than 2% each	1.4
Short-Term Investments	5.7
Total Investments	100.1
Other assets less liabilities	(0.1	)
Net Assets	100.0	%