REGAN CAPITAL TOTAL RETURN INCOME FUND INSTITUTIONAL CLASS

Ticker: RCIRX CUSIP: 00777X579 Class: EQUITY FUNDS

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Decreased Positions (1)

Transce3nd, LLC
Value ($000) $333 (-14.8%) Shares 34,776 (-16.7%)

Exited Positions (1)

Trivant Custom Portfolio Group, LLC
Value ($000) $4,324 Shares 448,570