FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97.31%
Apparel
&
Textile
Products
—
3.81%
Carter's,
Inc.
629,619
$
47,152,167
Crocs,
Inc.
(a)
509,387
47,581,840
Deckers
Outdoor
Corp.
(a)
184,813
123,534,553
Kontoor
Brands,
Inc.
889,665
55,532,889
Oxford
Industries,
Inc.
61,861
6,186,100
Ralph
Lauren
Corp.
160,579
23,155,492
303,143,041
Asset
Management
—
2.22%
Federated
Hermes,
Inc.,
Class
B
2,033,373
68,850,010
Stifel
Financial
Corp.
1,562,799
108,067,551
176,917,561
Banking
—
13.44%
Atlantic
Union
Bancshares
Corp.
497,226
18,168,638
BancFirst
Corp.
234,477
22,821,646
Bank
OZK
(b)
4,612,897
229,860,659
Berkshire
Hills
Bancorp,
Inc.
1,059,319
26,302,891
Cadence
Ba
nk
5,337,353
157,932,275
F.N.B.
Corp.
4,020,501
55,362,299
First
Commonwealth
Financial
Corp.
2,354,856
36,358,977
First
Financial
Bancorp
1,645,787
39,087,441
First
Financial
Bankshares,
Inc.
1,422,031
43,087,539
First
Financial
Corp.
112,829
4,855,032
Fulton
Financial
Corp.
2,903,046
47,784,137
Hancock
Whitney
Corp.
1,668,421
81,068,576
Lakeland
Financial
Corp.
326,715
21,288,749
NBT
Bancorp,
Inc.
723,744
30,332,111
Wintrust
Financial
Corp.
1,169,928
108,510,822
Zions
Bancorp.
(b)
3,327,749
145,988,349
1,068,810,141
Biotech
&
Pharma
—
2.68%
Amphastar
Pharmaceuticals,
Inc.
(a)
1,200,192
74,231,875
Exelixis,
Inc.
(a)
2,049,690
49,172,063
United
Therapeutics
Corp.
(a)
406,732
89,436,300
212,840,238
Chemicals
—
0.42%
Avient
Corp.
362,829
15,082,802
Huntsman
Corp.
722,265
18,150,519
33,233,321
Commercial
Support
Services
—
4.10%
AMN
Healthcare
Services,
Inc.
(a)
508,347
38,065,023
Clean
Harbors,
Inc.
(a)
186,951
32,624,819
FTI
Consulting,
Inc.
(a)
210,807
41,982,214
H&R
Block,
Inc.
(b)
2,473,154
119,626,460
Kforce,
Inc.
228,298
15,423,813
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Commercial
Support
Services
—
(continued)
TriNet
Group,
Inc.
(a)
662,539
$
78,795,763
326,518,092
Consumer
Services
—
2.22%
Adtalem
Global
Education,
Inc.
(a)
1,405,482
82,853,165
Perdoceo
Education
Corp.
759,208
13,331,692
Rent-A-Center,
Inc.
482,996
16,407,374
Stride,
Inc.
(a)
1,081,457
64,206,102
176,798,333
Containers
&
Packaging
—
1.93%
Graphic
Packaging
Holding
Co.
2,396,373
59,070,594
Sonoco
Products
Co.
1,686,231
94,209,726
153,280,320
Electric
Utilities
—
0.72%
Otter
Tail
Corp.
(b)
677,021
57,526,474
Electrical
Equipment
—
5.26%
Acuity
Brands,
Inc.
887,577
181,802,397
Atkore,
Inc.
(a)
685,683
109,709,280
Belden,
Inc.
442,987
34,220,746
Vontier
Corp.
2,666,680
92,133,794
417,866,217
Engineering
&
Construction
—
8.82%
Comfort
Systems
USA,
Inc.
1,011,405
208,015,666
EMCOR
Group,
Inc.
1,006,199
216,765,450
Installed
Building
Products,
Inc.
617,583
112,906,524
Primoris
Services
Corp.
632,978
21,021,199
Sterling
Infrastructure,
Inc.
(a)
740,076
65,074,883
TopBuild
Corp.
(a)
204,744
76,627,489
700,411,211
Food
—
0.95%
Simply
Good
Foods
Co.
(The)
(a)
1,897,738
75,150,425
Health
Care
Facilities
&
Services
—
3.47%
Chemed
Corp.
129,975
76,002,881
Medpace
Holdings,
Inc.
(a)
418,310
128,224,565
Option
Care
Health,
Inc.
(a)
2,142,251
72,172,436
276,399,882
Home
Construction
—
5.00%
Armstrong
World
Industries,
Inc.
662,395
65,126,676
Masonite
International
Corp.
(a)
275,719
23,342,371
Masterbrand,
Inc.
(a)
2,419,195
35,925,046
Meritage
Homes
Corp.
647,260
112,752,692
Taylor
Morrison
Home
Corp.
(a)
3,011,067
160,640,423
397,787,208
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Household
Products
—
0.28%
Helen
of
Troy
Ltd.
(a)
187,180
$
22,613,216
Industrial
Intermediate
Products
—
1.29%
Mueller
Industries,
Inc.
(b)
2,179,608
102,768,517
Industrial
Support
Services
—
1.06%
Applied
Industrial
Technologies,
Inc.
487,732
84,226,439
Institutional
Financial
Services
—
1.46%
Evercore,
Inc.,
Class
A
678,742
116,098,819
Insurance
—
1.51%
Hanover
Insurance
Group,
Inc.
798,153
96,911,737
Primerica,
Inc.
110,887
22,816,109
119,727,846
Leisure
Facilities
&
Services
—
0.49%
Boyd
Gaming
Corp.
623,247
39,021,495
Machinery
—
1.96%
Crane
Co.
336,046
39,700,474
Crane
Holding
Co.
612,046
34,807,056
Donaldson
Co.,
Inc.
1,251,292
81,771,933
156,279,463
Medical
Equipment
&
Devices
—
4.56%
Bruker
Corp.
1,779,602
130,765,155
Globus
Medical,
Inc.,
Class
A
(a)
532,038
28,352,305
Integer
Holdings
Corp.
(a)
904,539
89,621,724
Integra
LifeSciences
Holdings
Corp.
(a)
796,433
34,684,657
Merit
Medical
Systems,
Inc.
(a)
1,044,127
79,311,887
362,735,728
Metals
&
Mining
—
1.99%
Alpha
Metallurgical
Resources,
Inc.
466,638
158,152,951
Oil
&
Gas
Producers
—
4.60%
Chord
Energy
Corp.
983,446
163,478,229
HF
Sinclair
Corp.
1,200,860
66,731,790
Murphy
USA,
Inc.
379,920
135,464,275
365,674,294
Publishing
&
Broadcasting
—
1.09%
Nexstar
Media
Group,
Inc.,
Class
A
555,281
87,040,297
Real
Estate
—
1.65%
Apple
Hospitality
REIT,
Inc.
(b)
6,777,247
112,570,073
Piedmont
Office
Realty
Trust,
Inc.,
Class
A
2,655,786
18,882,638
131,452,711
Retail
-
Discretionary
—
3.57%
Academy
Sports
&
Outdoors,
Inc.
1,344,727
88,751,982
AutoNation,
Inc.
(a)
346,715
52,069,659
Builders
FirstSource,
Inc.
(a)
314,945
52,576,918
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Retail
-
Discretionary
—
(continued)
Signet
Jewelers
Ltd.
(b)
844,187
$
90,547,498
283,946,057
Semiconductors
—
0.68%
Cirrus
Logic,
Inc.
(a)
557,778
46,401,552
Diodes,
Inc.
(a)
93,145
7,500,035
53,901,587
Software
—
3.39%
Concentrix
Corp.
1,112,419
109,250,671
Donnelley
Financial
Solutions,
Inc.
(a)
322,208
20,096,113
Progress
Software
Corp.
1,114,547
60,519,902
Teradata
Corp.
(a)
612,385
26,644,871
Ziff
Davis,
Inc.
(a)
789,238
53,028,901
269,540,458
Specialty
Finance
—
0.28%
Stewart
Information
Services
Corp.
382,300
22,460,125
Steel
—
2.15%
Commercial
Metals
Co.
3,436,933
171,984,128
Technology
Hardware
—
3.07%
Avnet,
Inc.
688,972
34,724,189
InterDigital,
Inc.
445,167
48,318,426
Jabil,
Inc.
880,679
112,198,505
Sanmina
Corp.
(a)
954,955
49,056,038
244,297,158
Technology
Services
—
4.65%
CSG
Systems
International,
Inc.
1,170,426
62,278,367
EVERTEC,
Inc.
1,165,876
47,730,963
ExlService
Holdings,
Inc.
(a)
3,054,206
94,222,255
Insight
Enterprises,
Inc.
(a)
381,389
67,578,317
Science
Applications
International
Corp.
788,703
98,051,558
369,861,460
Transportation
&
Logistics
—
2.54%
Hub
Group,
Inc.,
Class
A
(a)
311,732
28,660,640
Landstar
System,
Inc.
384,529
74,464,041
Ryder
System,
Inc.
588,300
67,689,798
Teekay
Tankers
Ltd.,
Class
A
624,286
31,195,571
202,010,050
Total
Common
Stocks
(Cost $5,609,627,804)
7,740,475,263
COLLATERAL
FOR
SECURITIES
LOANED
—
0.33%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
5.28%
(c)
26,275,086
Total
Collateral
for
Securities
Loaned
(Cost $26,275,086)
26,275,086
FullerThaler
Behavioral
Small-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
MONEY
MARKET
FUNDS
-
1.39%
Fidelity
Investments
Money
Market
Government
Portfolio,
Institutional
Class,
5.29%
(c)
110,764,358
$
110,764,358
Total
Money
Market
Funds
(Cost
$110,764,358)
110,764,358
Total
Investments
—
99.03%
(Cost
$5,746,667,248)
7,877,514,707
Other
Assets
in
Excess
of
liabilities
(d)
—
0.97%
77,102,564
NET
ASSETS
—
100.00%
$
7,954,617,271
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
the
security
was
on
loan
as
of
December
31,
2023.
The
total
value
of
securities
on
loan
as
of
December
31,
2023
was
$25,466,940.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
December
31,
2023.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$181,077,583. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
95.94%
Automotive
—
1.52%
Modine
Manufacturing
Co.
(a)
(b)
128,600
$
7,677,420
Biotech
&
Pharma
—
4.03%
ACADIA
Pharmaceuticals,
Inc.
(b)
277,500
8,688,525
Alkermes
PLC
(b)
191,825
5,321,226
Halozyme
Therapeutics,
Inc.
(a)
(b)
172,850
6,388,536
20,398,287
Consumer
Services
—
1.29%
Stride,
Inc.
(b)
109,900
6,524,763
Electrical
Equipment
—
9.64%
AAON,
Inc.
98,150
7,250,341
Alarm.com
Holdings,
Inc.
(b)
110,035
7,110,462
NEXTracker,
Inc.,
Class
A
(b)
153,400
7,186,790
SPX
Technologies,
Inc.
(b)
81,200
8,202,012
Vertiv
Holdings
Co.,
Class
A
396,030
19,021,320
48,770,925
Food
—
1.90%
BellRing
Brands,
Inc.
(b)
173,723
9,629,466
Health
Care
Facilities
&
Services
—
4.41%
Fortrea
Holdings,
Inc.
(a)
(b)
266,300
9,293,870
HealthEquity,
Inc.
(a)
(b)
97,000
6,431,100
Progyny,
Inc.
(a)
(b)
176,631
6,567,141
22,292,111
Household
Products
—
4.92%
e.l.f.
Beauty,
Inc.
(a)
(b)
172,605
24,913,806
Internet
Media
&
Services
—
4.87%
TripAdvisor,
Inc.
(b)
458,100
9,862,893
Upwork,
Inc.
(b)
485,100
7,213,437
Yelp,
Inc.
(b)
160,215
7,584,578
24,660,908
Leisure
Facilities
&
Services
—
7.33%
Dutch
Bros,
Inc.,
Class
A
(b)
203,040
6,430,277
International
Game
Technology
PLC
323,413
8,864,750
PENN
Entertainment,
Inc.
(b)
343,000
8,924,860
Wingstop,
Inc.
50,085
12,850,809
37,070,696
Leisure
Products
—
1.88%
Axon
Enterprise,
Inc.
(a)
(b)
36,745
9,492,336
Life
Sciences
Tools
&
Services
—
1.50%
Azenta,
Inc.
(a)
(b)
116,220
7,570,571
Medical
Equipment
&
Devices
—
6.67%
Inari
Medical,
Inc.
(b)
103,750
6,735,450
Integer
Holdings
Corp.
(a)
(b)
74,500
7,381,460
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Medical
Equipment
&
Devices
—
(continued)
Merit
Medical
Systems,
Inc.
(b)
130,845
$
9,938,985
Neogen
Corp.
(a)
(b)
482,850
9,710,114
33,766,009
Oil
&
Gas
Producers
—
1.36%
Par
Pacific
Holdings,
Inc.
(b)
189,579
6,894,988
Oil
&
Gas
Services
&
Equipment
—
3.49%
Weatherford
International
PLC
(b)
180,515
17,659,783
Retail
-
Consumer
Staples
—
1.29%
Ollie's
Bargain
Outlet
Holdings,
Inc.
(b)
85,700
6,503,773
Retail
-
Discretionary
—
6.02%
Abercrombie
&
Fitch
Co.,
Class
A
(b)
129,765
11,447,868
Freshpet,
Inc.
(b)
142,125
12,330,765
Urban
Outfitters,
Inc.
(b)
187,250
6,682,953
30,461,586
Semiconductors
—
3.30%
Axcelis
Technologies,
Inc.
(a)
(b)
72,250
9,370,102
MACOM
Technology
Solutions
Holdings,
Inc.
(b)
78,950
7,338,403
16,708,505
Software
—
20.73%
AppFolio,
Inc.,
Class
A
(b)
35,695
6,183,802
AZEK
Co.,
Inc.
(The)
(b)
196,300
7,508,475
DigitalOcean
Holdings,
Inc.
(b)
302,400
11,095,056
Duolingo,
Inc.
(b)
33,400
7,576,790
Evolent
Health,
Inc.,
Class
A
(b)
320,470
10,585,124
Fastly,
Inc.,
Class
A
(b)
500,930
8,916,554
Five9,
Inc.
(b)
92,500
7,278,825
Freshworks,
Inc.,
Class
A
(a)
(b)
320,375
7,525,609
Informatica,
Inc.,
Class
A
(b)
322,680
9,160,885
Nutanix,
Inc.,
Class
A
(b)
333,920
15,924,644
Rapid7,
Inc.
(b)
144,410
8,245,811
Zeta
Global
Holdings
Corp.,
Class
A
(a)
(b)
546,111
4,816,699
104,818,274
Technology
Hardware
—
4.68%
Harmonic,
Inc.
(b)
321,300
4,189,752
Super
Micro
Computer,
Inc.
(b)
68,585
19,495,971
23,685,723
Technology
Services
—
2.88%
LiveRamp
Holdings,
Inc.
(b)
209,860
7,949,497
Shift4
Payments,
Inc.,
Class
A
(b)
89,150
6,627,411
14,576,908
Telecommunications
—
2.23%
Frontier
Communications
Parent,
Inc.
(a)
(b)
444,552
11,264,948
Total
Common
Stocks
(Cost $394,578,244)
485,341,786
FullerThaler
Behavioral
Small-Cap
Growth
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COLLATERAL
FOR
SECURITIES
LOANED
—
2.39%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
5.28%
(c)
$
12,109,163
Total
Collateral
for
Securities
Loaned
(Cost $12,109,163)
12,109,163
Total
Investments
—
98.33%
(Cost
$406,687,407)
497,450,949
Other
Assets
in
Excess
of
liabilities
(d)
—
1.67%
8,444,475
NET
ASSETS
—
100.00%
$
505,895,424
(a)
All
or
a
portion
of
the
security
was
on
loan
as
of
December
31,
2023.
The
total
value
of
securities
on
loan
as
of
December
31,
2023
was
$11,700,169.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
December
31,
2023.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$83,191,715
. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
93.30%
Banking
—
19.03%
Citizens
Financial
Group,
Inc.
264,670
$
8,771,164
East
West
Bancorp,
Inc.
(a)
82,325
5,923,284
First
Citizens
BancShares,
Inc.,
Class
A
7,401
10,501,796
First
Horizon
National
Corp.
181,610
2,571,598
Huntington
Bancshares,
Inc.
543,284
6,910,572
KeyCorp
795,270
11,451,887
M&T
Bank
Corp.
43,890
6,016,441
Old
National
Bancorp
294,065
4,966,758
Wells
Fargo
&
Co.
153,505
7,555,516
Zions
Bancorp.
(a)
123,565
5,420,797
70,089,813
Chemicals
—
4.77%
Celanese
Corp.
(a)
43,190
6,710,430
Olin
Corp.
(a)
133,990
7,228,760
Sherwin-Williams
Co.
(The)
11,614
3,622,407
17,561,597
Commercial
Support
Services
—
5.17%
Aramark
269,175
7,563,817
Brink's
Co.
(The)
75,560
6,645,502
Republic
Services,
Inc.
15,745
2,596,508
Vestis
Corp.
105,138
2,222,607
19,028,434
Containers
&
Packaging
—
7.60%
Berry
Plastics
Group,
Inc.
137,110
9,239,844
Crown
Holdings,
Inc.
61,180
5,634,066
Graphic
Packaging
Holding
Co.
316,660
7,805,669
WestRock
Co.
128,875
5,350,890
28,030,469
Electric
Utilities
—
3.32%
Alliant
Energy
Corp.
38,685
1,984,541
CenterPoint
Energy,
Inc.
164,845
4,709,621
CMS
Energy
Corp.
26,900
1,562,083
Edison
International
28,150
2,012,443
Pinnacle
West
Capital
Corp.
27,415
1,969,494
12,238,182
Electrical
Equipment
—
2.13%
AMETEK,
Inc.
17,640
2,908,660
Johnson
Controls
International
PLC
42,135
2,428,661
Roper
Technologies,
Inc.
4,640
2,529,589
7,866,910
Food
—
1.37%
Ingredion,
Inc.
46,480
5,044,474
Gas
&
Water
Utilities
—
1.28%
Atmos
Energy
Corp.
40,660
4,712,494
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Health
Care
Facilities
&
Services
—
2.92%
Centene
Corp.
(b)
27,575
$
2,046,341
Henry
Schein,
Inc.
(a)
(b)
32,280
2,443,919
Laboratory
Corp.
of
America
Holdings
27,670
6,289,113
10,779,373
Home
&
Office
Products
—
0.39%
Newell
Brands,
Inc.
165,111
1,433,163
Home
Construction
—
0.87%
Mohawk
Industries,
Inc.
(b)
30,805
3,188,318
Industrial
Support
Services
—
3.49%
U-Haul
Holding
Co.
(a)
182,650
12,865,866
Insurance
—
4.69%
Everest
Re
Group,
Ltd.
21,800
7,708,044
Globe
Life,
Inc.
22,075
2,686,969
Markel
Corp.
(b)
4,855
6,893,615
17,288,628
Machinery
—
1.33%
Donaldson
Co.,
Inc.
75,170
4,912,360
Medical
Equipment
&
Devices
—
1.79%
DENTSPLY
SIRONA,
Inc.
184,950
6,582,371
Oil
&
Gas
Producers
—
4.52%
Cheniere
Energy,
Inc.
38,405
6,556,118
Devon
Energy
Corp.
149,605
6,777,106
Pioneer
Natural
Resources
Co.
14,810
3,330,473
16,663,697
Real
Estate
—
3.99%
American
Tower
Corp.,
Class
A
31,585
6,818,570
Brixmor
Property
Group,
Inc.
238,825
5,557,458
WP
Carey,
Inc.
35,705
2,314,041
14,690,069
REIT
—
0.84%
Public
Storage
(a)
10,155
3,097,275
Retail
-
Consumer
Staples
—
4.00%
Dollar
General
Corp.
81,625
11,096,919
Dollar
Tree,
Inc.
(a)
(b)
25,555
3,630,088
14,727,007
Retail
-
Discretionary
—
3.74%
Advance
Auto
Parts,
Inc.
112,945
6,893,033
CarMax,
Inc.
(b)
90,290
6,928,855
13,821,888
Specialty
Finance
—
2.49%
Synchrony
Financial
240,215
9,173,811
FullerThaler
Behavioral
Mid-Cap
Value
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Technology
Hardware
—
0.71%
NCR
Atleos
Corp.
(b)
43,570
$
1,058,315
NCR
Corp.
(b)
91,940
1,554,706
2,613,021
Technology
Services
—
12.86%
Amdocs
Ltd.
30,630
2,692,071
Dun
&
Bradstreet
Holdings,
Inc.
537,025
6,283,193
Fidelity
National
Information
Services,
Inc.
248,425
14,922,889
Global
Payments,
Inc.
90,850
11,537,949
TransUnion
124,000
8,520,040
Verisk
Analytics,
Inc.
14,395
3,438,390
47,394,532
Total
Common
Stocks
(Cost $327,378,694)
343,803,752
COLLATERAL
FOR
SECURITIES
LOANED
—
1.10%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
5.28%
(c)
4,059,777
4,059,777
Total
Collateral
for
Securities
Loaned
(Cost $4,059,777)
4,059,777
Total
Investments
—
94.40%
(Cost
$331,438,471)
347,863,529
Other
Assets
in
Excess
of
liabilities
(d)
—
5.60%
20,643,400
NET
ASSETS
—
100.00%
$
368,506,929
(a)
All
or
a
portion
of
the
security
was
on
loan
as
of
December
31,
2023.
The
total
value
of
securities
on
loan
as
of
December
31,
2023
was
$3,927,617.
(b)
Non-income
producing
security.
(c)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
December
31,
2023.
(d)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$27,926,537
. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Unconstrained
Equity
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97.16%
Automotive
—
3.89%
Gentex
Corp.
70,960
$
2,317,554
Banking
—
1.96%
First
Citizens
BancShares,
Inc.,
Class
A
820
1,163,555
Biotech
&
Pharma
—
5.22%
Amgen,
Inc.
2,555
735,891
Exelixis,
Inc.
(a)
98,635
2,366,254
3,102,145
Chemicals
—
4.63%
Ecolab,
Inc.
13,876
2,752,305
Commercial
Support
Services
—
5.97%
Cintas
Corp.
5,893
3,551,476
E-Commerce
Discretionary
—
5.56%
eBay,
Inc.
75,885
3,310,103
Electrical
Equipment
—
1.92%
Acuity
Brands,
Inc.
5,580
1,142,951
Leisure
Facilities
&
Services
—
3.35%
Starbucks
Corp.
20,765
1,993,648
Machinery
—
5.85%
Parker-Hannifin
Corp.
7,553
3,479,668
Medical
Equipment
&
Devices
—
4.06%
Waters
Corp.
(a)
7,347
2,418,853
Publishing
&
Broadcasting
—
2.75%
Liberty
Media
Corp.-
Liberty
Sirius
XM,
Class
C
(a)
56,921
1,638,186
Retail
-
Consumer
Staples
—
4.16%
Dollar
General
Corp.
18,215
2,476,329
Retail
-
Discretionary
—
10.24%
O'Reilly
Automotive,
Inc.
(a)
2,777
2,638,372
Ross
Stores,
Inc.
24,920
3,448,678
6,087,050
Semiconductors
—
13.50%
Lam
Research
Corp.
3,715
2,909,810
NVIDIA
Corp.
4,750
2,352,295
Teradyne,
Inc.
25,517
2,769,105
8,031,210
Software
—
4.14%
Fortinet,
Inc.
(a)
42,090
2,463,528
Specialty
Finance
—
9.33%
Capital
One
Financial
Corp.
21,735
2,849,894
Synchrony
Financial
70,900
2,707,671
5,557,565
FullerThaler
Behavioral
Unconstrained
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Technology
Hardware
—
5.20%
Zebra
Technologies
Corp.,
Class
A
(a)
11,320
$
3,094,096
Transportation
&
Logistics
—
1.92%
Union
Pacific
Corp.
4,662
1,145,080
Transportation
Equipment
—
3.51%
Allison
Transmission
Holdings,
Inc.
35,955
2,090,783
Total
Common
Stocks/
Investments
—
97.16%
(Cost
$50,306,896)
57,816,085
Other
Assets
in
Excess
of
Liabilities
—
2.84%
1,689,428
NET
ASSETS
—
100.00%
$
59,505,513
(a)
Non-income
producing
security.
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
96.01%
Asset
Management
—
1.99%
Hamilton
Lane,
Inc.,
Class
A
9,265
$
1,051,022
Automotive
—
2.96%
Gentex
Corp.
48,005
1,567,843
Banking
—
4.75%
First
Citizens
BancShares,
Inc.,
Class
A
885
1,255,788
First
Commonwealth
Financial
Corp.
39,780
614,203
First
Financial
Bankshares,
Inc.
14,600
442,380
Live
Oak
Bancshares,
Inc.
4,382
199,381
2,511,752
Biotech
&
Pharma
—
2.62%
Exelixis,
Inc.
(a)
57,735
1,385,063
Chemicals
—
2.81%
Huntsman
Corp.
27,965
702,760
Orion
Engineered
Carbons
SA
28,195
781,848
1,484,608
Commercial
Support
Services
—
1.79%
Cintas
Corp.
1,570
946,176
Construction
Materials
—
1.63%
Owens
Corning
5,825
863,440
Containers
&
Packaging
—
1.56%
International
Paper
Co.
22,780
823,497
E-Commerce
Discretionary
—
2.58%
eBay,
Inc.
31,290
1,364,870
Electrical
Equipment
—
3.68%
Acuity
Brands,
Inc.
5,005
1,025,174
Advanced
Energy
Industries,
Inc.
8,425
917,651
1,942,825
Food
—
3.56%
John
B.
Sanfilippo
&
Son,
Inc.
4,060
418,342
Lancaster
Colony
Corp.
8,790
1,462,569
1,880,911
Gas
&
Water
Utilities
—
1.17%
UGI
Corp.
25,210
620,166
Health
Care
Facilities
&
Services
—
2.39%
Medpace
Holdings,
Inc.
(a)
530
162,461
Quest
Diagnostics,
Inc.
7,990
1,101,661
1,264,122
Home
&
Office
Products
—
1.53%
Tempur
Sealy
International,
Inc.
15,840
807,365
Home
Construction
—
4.62%
Masco
Corp.
21,930
1,468,871
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Home
Construction
—
(continued)
PulteGroup,
Inc.
9,390
$
969,236
2,438,107
Institutional
Financial
Services
—
0.68%
Nasdaq,
Inc.
6,210
361,049
Insurance
—
4.31%
Brown
&
Brown,
Inc.
18,943
1,347,037
Old
Republic
International
Corp.
31,715
932,421
2,279,458
Machinery
—
1.64%
Graco,
Inc.
6,010
521,427
Parker-Hannifin
Corp.
755
347,829
869,256
Medical
Equipment
&
Devices
—
3.42%
Align
Technology,
Inc.
(a)
700
191,800
DENTSPLY
SIRONA,
Inc.
18,270
650,229
Waters
Corp.
(a)
2,945
969,582
1,811,611
Oil
&
Gas
Producers
—
5.26%
Coterra
Energy,
Inc.
69,345
1,769,685
Devon
Energy
Corp.
22,364
1,013,089
2,782,774
Real
Estate
—
7.21%
American
Assets
Trust,
Inc.
28,090
632,306
Apple
Hospitality
REIT,
Inc.
56,010
930,326
Gaming
and
Leisure
Properties,
Inc.
34,474
1,701,292
National
Storage
Affiliates
Trust
13,270
550,307
3,814,231
REIT
—
1.07%
Matson,
Inc.
5,140
563,344
Retail
-
Consumer
Staples
—
1.82%
Dollar
General
Corp.
7,100
965,245
Retail
-
Discretionary
—
2.01%
Advance
Auto
Parts,
Inc.
8,570
523,027
Ross
Stores,
Inc.
3,920
542,489
1,065,516
Semiconductors
—
6.41%
Cirrus
Logic,
Inc.
(a)
10,545
877,239
IPG
Photonics
Corp.
(a)
7,310
793,427
Power
Integrations,
Inc.
8,860
727,495
Teradyne,
Inc.
9,125
990,244
3,388,405
Software
—
4.63%
Akamai
Technologies,
Inc.
(a)
4,175
494,111
FullerThaler
Behavioral
Small-Mid
Core
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Software
—
(continued)
Concentrix
Corp.
7,105
$
697,782
SS&C
Technologies
Holdings,
Inc.
20,610
1,259,477
2,451,370
Specialty
Finance
—
2.10%
Synchrony
Financial
29,110
1,111,711
Steel
—
1.36%
Steel
Dynamics,
Inc.
6,110
721,591
Technology
Hardware
—
3.55%
NetApp,
Inc.
8,080
712,333
Zebra
Technologies
Corp.,
Class
A
(a)
4,255
1,163,019
1,875,352
Technology
Services
—
3.78%
Leidos
Holdings,
Inc.
11,845
1,282,103
Science
Applications
International
Corp.
5,775
717,948
2,000,051
Transportation
&
Logistics
—
2.60%
Expeditors
International
of
Washington,
Inc.
10,830
1,377,576
Transportation
Equipment
—
3.15%
Allison
Transmission
Holdings,
Inc.
28,640
1,665,416
Wholesale
-
Discretionary
—
1.37%
Pool
Corp.
1,820
725,652
Total
Common
Stocks/Investments
—
96.01%
(Cost
$48,242,831)
50,781,375
Other
Assets
in
Excess
of
Liabilities
—
3.99%
2,110,732
NET
ASSETS
—
100.00%
$
52,892,107
(a)
Non-income
producing
security.
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
97.39%
Advertising
&
Marketing
—
0.93%
Gambling.com
Group
Ltd.
(a)
19,075
$
185,981
Aerospace
&
Defense
—
2.00%
Triumph
Group,
Inc.
(a)
24,141
400,258
Asset
Management
—
2.97%
B.
Riley
Financial,
Inc.
(b)
11,421
239,727
Vitesse
Energy,
Inc.
16,235
355,384
595,111
Automotive
—
0.92%
Holley,
Inc.
(a)
37,600
183,112
Beverages
—
1.14%
BRC,
Inc.
(a)
63,000
228,690
Biotech
&
Pharma
—
3.40%
OmniAb,
Inc.
(a)
55,975
345,366
PetIQ,
Inc.,
Class
A
(a)
16,925
334,269
679,635
Commercial
Support
Services
—
2.80%
Acacia
Research
Corp.
(a)
64,810
254,055
TrueBlue,
Inc.
(a)
20,000
306,800
560,855
E-Commerce
Discretionary
—
4.69%
1-800-FLOWERS.COM,
Inc.,
Class
A
(a)
32,112
346,167
Beyond,
Inc.
(a)
13,300
368,278
RealReal,
Inc.
(The)
(a)
111,541
224,197
938,642
Electrical
Equipment
—
3.54%
Babcock
&
Wilcox
Enterprises,
Inc.
(a)
51,500
75,190
FARO
Technologies,
Inc.
(a)
16,295
367,126
nLIGHT,
Inc.
(a)
19,600
264,600
706,916
Food
—
2.07%
Limoneira
Co.
(a)
20,035
413,322
Insurance
—
0.92%
SelectQuote,
Inc.
(a)
135,075
185,053
Internet
Media
&
Services
—
5.14%
Groupon,
Inc.
(a)
19,775
253,911
LiveOne,
Inc.
(a)
125,005
173,757
Nerdy,
Inc.,
Class
A
(a)
79,700
273,371
TrueCar,
Inc.
(a)
94,472
326,874
1,027,913
Leisure
Facilities
&
Services
—
6.52%
Bally's
Corp.
(a)
25,700
358,258
Carrols
Restaurant
Group,
Inc.
(a)
41,150
324,262
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Leisure
Facilities
&
Services
—
(continued)
Noodles
&
Co.
(a)
83,400
$
262,710
Red
Robin
Gourmet
Burgers,
Inc.
(a)
28,810
359,261
1,304,491
Machinery
—
1.53%
Ranpak
Holdings
Corp.,
Class
A
(a)
52,740
306,947
Medical
Equipment
&
Devices
—
4.80%
Quanterix
Corp.
(a)
19,740
539,691
Zimvie,
Inc.
(a)
23,775
422,006
961,697
Oil
&
Gas
Producers
—
4.83%
Matador
Resources
Co.
11,990
681,752
SandRidge
Energy,
Inc.
20,885
285,498
967,250
Oil
&
Gas
Services
&
Equipment
—
4.58%
Helix
Energy
Solutions
Group,
Inc.
(a)
39,338
404,395
Newpark
Resources,
Inc.
(a)
76,970
511,080
915,475
Publishing
&
Broadcasting
—
2.88%
Gannett
Co.,
Inc.
(a)
115,000
264,500
Townsquare
Media,
Inc.,
Class
A
(a)
29,440
310,886
575,386
REIT
—
1.25%
Farmland
Partners,
Inc.
20,020
249,850
Retail
-
Discretionary
—
8.33%
Aaron's
Co.,
Inc.
(The)
(a)
24,380
265,254
Aspen
Aerogels,
Inc.
(a)
32,775
517,189
GrowGeneration
Corp.
(a)
92,958
233,325
Hibbett,
Inc.
4,300
309,686
Vera
Bradley,
Inc.
(a)
44,250
340,724
1,666,178
Software
—
8.63%
Brightcove,
Inc.
(a)
37,775
97,837
Cantaloupe,
Inc.
(a)
56,987
422,274
Donnelley
Financial
Solutions,
Inc.
(a)
4,763
297,068
LivePerson,
Inc.
(a)
59,400
225,126
OneSpan,
Inc.
(a)
22,097
236,880
Porch
Group,
Inc.
(a)
145,600
448,448
1,727,633
Specialty
Finance
—
4.34%
Applied
Digital
Corp.
(a)
65,260
439,851
Oportun
Financial
Corp.
(a)
41,549
162,457
PRA
Group,
Inc.
(a)
10,099
264,594
866,902
FullerThaler
Behavioral
Micro-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Technology
Hardware
—
7.05%
3D
Systems
Corp.
(a)
46,000
$
292,100
Comtech
Telecommunications
Corp.
26,235
221,161
NETGEAR,
Inc.
(a)
18,800
274,104
PlayAGS,
Inc.
(a)
43,200
364,176
Turtle
Beach
Corp.
(a)
23,605
258,475
1,410,016
Telecommunications
—
2.34%
Spok
Holdings,
Inc.
(a)
30,285
468,812
Transportation
&
Logistics
—
5.24%
Nordic
American
Tankers
Ltd.
69,530
292,026
Overseas
Shipholding
Group,
Inc.,
Class
A
(a)
143,320
755,297
1,047,323
Transportation
Equipment
—
1.16%
AerSale
Corp.
(a)
18,307
232,407
Wholesale
-
Consumer
Staples
—
1.37%
Calavo
Growers,
Inc.
9,300
273,513
Wholesale
-
Discretionary
—
2.02%
G-III
Apparel
Group
Ltd.
(a)
11,895
404,192
Total
Common
Stocks
(Cost $15,654,966)
19,483,560
RIGHTS
-
0.04%
Shares
Fair
Value
Groupon,
Inc.
Rights
(b)(c)
19,775
$
8,108
Total
Rights
Cost
($–)
8,108
COLLATERAL
FOR
SECURITIES
LOANED
—
0.15%
Invesco
Government
&
Agency
Portfolio,
Institutional
Class,
5.28%
(d)
29,922
29,922
Total
Collateral
for
Securities
Loaned
(Cost $29,922)
29,922
Total
Investments
—
97.58%
(Cost
$15,684,888)
19,521,590
Other
Assets
in
Excess
of
liabilities
(e)
—
2.42%
484,902
NET
ASSETS
—
100.00%
$
20,006,492
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
the
security
was
on
loan
as
of
December
31,
2023.
The
total
value
of
securities
on
loan
as
of
December
31,
2023
was
$30,554.
(c)
Security
is
currently
being
valued
according
to
the
fair
value
procedures
of
the
Adviser,
as
Valuation
Designee,
under
oversight
of
the
Board's
Pricing
&
Liquidity
Committee.
(d)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
December
31,
2023.
(e)
Includes
cash
collateral
for
securities
loaned
in
the
amount
of
$217,247. This
cash
is
held
deposit
accounts
as
part
of
the
IntraFi
Network
Deposit
Placement
Agreement.
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
98.57%
Advertising
&
Marketing
—
1.22%
Omnicom
Group,
Inc.
1,515
$
131,062
Aerospace
&
Defense
—
1.80%
Textron,
Inc.
2,415
194,214
Apparel
&
Textile
Products
—
1.71%
Crocs,
Inc.
(a)
590
55,112
Deckers
Outdoor
Corp.
(a)
70
46,790
Skechers
U.S.A.,
Inc.,
Class
A
(a)
1,335
83,224
185,126
Automotive
—
0.49%
BorgWarner,
Inc.
1,475
52,879
Banking
—
6.76%
Bank
OZK
2,430
121,087
Cullen/Frost
Bankers,
Inc.
1,730
187,688
East
West
Bancorp,
Inc.
635
45,688
Fifth
Third
Bancorp
5,890
203,145
Wintrust
Financial
Corp.
760
70,490
Zions
Bancorp.
2,365
103,753
731,851
Biotech
&
Pharma
—
1.61%
Biogen,
Inc.
(a)
245
63,399
Exelixis,
Inc.
(a)
1,790
42,942
United
Therapeutics
Corp.
(a)
310
68,166
174,507
Chemicals
—
6.22%
CF
Industries
Holdings,
Inc.
3,065
243,667
Dow,
Inc.
1,660
91,034
Eastman
Chemical
Co.
1,025
92,066
Mosaic
Co.
(The)
3,620
129,343
Olin
Corp.
2,160
116,532
672,642
Commercial
Support
Services
—
2.06%
Cintas
Corp.
245
147,652
Clean
Harbors,
Inc.
(a)
430
75,039
222,691
Construction
Materials
—
2.59%
Owens
Corning
1,885
279,414
Electric
Utilities
—
0.54%
OGE
Energy
Corp.
1,660
57,984
Electrical
Equipment
—
5.99%
Acuity
Brands,
Inc.
415
85,004
AMETEK,
Inc.
460
75,849
Hubbell,
Inc.
395
129,927
nVent
Electric
PLC
2,415
142,703
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Electrical
Equipment
—
(continued)
Trane
Technologies
PLC
610
$
148,780
Vontier
Corp.
1,925
66,509
648,772
Engineering
&
Construction
—
3.31%
EMCOR
Group,
Inc.
920
198,195
TopBuild
Corp.
(a)
425
159,061
357,256
Food
Products
—
0.80%
Hershey
Co.
(The)
465
86,695
Health
Care
Facilities
&
Services
—
6.99%
Cardinal
Health,
Inc.
1,565
157,752
Centene
Corp.
(a)
2,245
166,601
IQVIA
Holdings,
Inc.
(a)
995
230,224
Laboratory
Corp.
of
America
Holdings
405
92,052
Quest
Diagnostics,
Inc.
780
107,546
754,175
Home
Construction
—
2.39%
PulteGroup,
Inc.
1,480
152,766
Taylor
Morrison
Home
Corp.
(a)
1,980
105,633
258,399
Hotels,
Restaurants
&
Leisure
—
0.50%
Darden
Restaurants,
Inc.
330
54,219
Industrial
Support
Services
—
1.35%
W.W.
Grainger,
Inc.
176
145,849
Institutional
Financial
Services
—
1.13%
Bank
of
New
York
Mellon
Corp.
(The)
2,355
122,578
Insurance
—
4.28%
Aflac,
Inc.
1,195
98,588
Hartford
Financial
Services
Group,
Inc.
(The)
1,345
108,111
Principal
Financial
Group,
Inc.
1,775
139,639
Reinsurance
Group
of
America,
Inc.
715
115,673
462,011
Leisure
Facilities
&
Services
—
0.98%
Boyd
Gaming
Corp.
465
29,114
Hilton
Worldwide
Holdings,
Inc.
420
76,477
105,591
Machinery
—
4.44%
AGCO
Corp.
1,755
213,074
Donaldson
Co.,
Inc.
2,070
135,275
Lincoln
Electric
Holdings,
Inc.
365
79,373
Snap-on,
Inc.
180
51,991
479,713
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Medical
Equipment
&
Devices
—
2.85%
Agilent
Technologies,
Inc.
580
$
80,637
Bruker
Corp.
2,160
158,717
Mettler-Toledo
International,
Inc.
(a)
57
69,139
308,493
Oil
&
Gas
Producers
—
6.12%
Cheniere
Energy,
Inc.
900
153,639
Coterra
Energy,
Inc.
8,165
208,370
Devon
Energy
Corp.
2,155
97,622
HF
Sinclair
Corp.
2,210
122,810
Murphy
USA,
Inc.
220
78,443
660,884
Publishing
&
Broadcasting
—
0.44%
Nexstar
Media
Group,
Inc.
305
47,809
Real
Estate
—
2.08%
Gaming
and
Leisure
Properties,
Inc.
1,285
63,415
Mid-America
Apartment
Communities,
Inc.
360
48,406
Weyerhaeuser
Co.
3,250
113,002
224,823
Real
Estate
Services
—
0.70%
CBRE
Group,
Inc.,
Class
A
(a)
810
75,403
Retail
-
Consumer
Staples
—
2.07%
Casey's
General
Stores,
Inc.
815
223,913
Retail
-
Discretionary
—
5.25%
AutoNation,
Inc.
(a)
465
69,834
Builders
FirstSource,
Inc.
(a)
1,970
328,871
O'Reilly
Automotive,
Inc.
(a)
102
96,908
Ulta
Beauty,
Inc.
(a)
145
71,049
566,662
Semiconductors
—
0.81%
Microchip
Technology,
Inc.
965
87,024
Software
—
2.35%
Manhattan
Associates,
Inc.
(a)
955
205,630
Teradata
Corp.
(a)
1,105
48,079
253,709
Specialty
Finance
—
2.73%
Capital
One
Financial
Corp.
1,245
163,244
Synchrony
Financial
3,440
131,374
294,618
Steel
—
2.81%
Commercial
Metals
Co.
1,735
86,819
Nucor
Corp.
955
166,209
Reliance
Steel
&
Aluminum
Co.
180
50,342
303,370
FullerThaler
Behavioral
Mid-Cap
Equity
Fund
Schedule
of
Investments
(continued)
December
31,
2023
-
(Unaudited)
Shares
Fair
Value
COMMON
STOCKS
—
(continued)
Technology
Hardware
—
5.48%
Dell
Technologies,
Inc.,
Class
C
915
$
69,998
F5,
Inc.
(a)
310
55,484
Hewlett
Packard
Enterprise
Co.
5,675
96,362
Jabil,
Inc.
1,780
226,771
NetApp,
Inc.
1,645
145,023
593,638
Technology
Services
—
4.96%
Amdocs
Ltd.
1,425
125,243
Cognizant
Technology
Solutions
Corp.,
Class
A
2,075
156,724
ExlService
Holdings,
Inc.
(a)
1,970
60,775
FleetCor
Technologies,
Inc.
(a)
230
65,000
Science
Applications
International
Corp.
1,030
128,050
535,792
Transportation
&
Logistics
—
0.51%
Landstar
System,
Inc.
285
55,190
Wholesale
-
Consumer
Staples
—
1.69%
Archer-Daniels-Midland
Co.
2,525
182,356
Wholesale
-
Discretionary
—
0.56%
LKQ
Corp.
1,260
60,215
Total
Common
Stocks/
Investments
—
98.57%
(Cost
$9,693,116)
10,651,527
Other
Assets
in
Excess
of
Liabilities
—
1.43%
154,304
NET
ASSETS
—
100.00%
$
10,805,831
(a)
Non-income
producing
security.