Schedule of investments
Optimum Large Cap Growth Fund
December 31, 2019 (Unaudited)
Number of | Value | Number of | Value | ||||
shares | (US $) | shares | (US $) | ||||
Common Stock - 99.00%✧ | Common Stock ✧ (continued) | ||||||
Communication Services - 16.58% | Energy (continued) | ||||||
Alphabet Class A † | 30,452 | $ | 40,787,104 | Pioneer Natural Resources | 95,592 | $ | 14,469,761 |
Alphabet Class C † | 42,176 | 56,390,156 | 17,079,347 | ||||
Comcast Class A | 384,730 | 17,301,308 | |||||
Facebook Class A † | 485,068 | 99,560,206 | Financials - 3.04% | ||||
IAC/InterActiveCorp † | 25,761 | 6,417,323 | American Express | 140,150 | 17,447,274 | ||
Match Group † | 36,162 | 2,969,262 | BlackRock | 8,710 | 4,378,517 | ||
Netflix † | 61,969 | 20,051,309 | Charles Schwab | 351,440 | 16,714,486 | ||
Spotify Technology † | 28,803 | 4,307,489 | Chubb (Switzerland) | 38,598 | 6,008,165 | ||
Tencent Holdings (China) | Intercontinental Exchange | 43,586 | 4,033,884 | ||||
(Hong Kong Exchange) | 323,500 | 15,593,163 | TD Ameritrade Holding | 109,936 | 5,463,819 | ||
Tencent Music Entertainment | XP Class A † | 25,728 | 991,043 | ||||
Group ADR † | 327,900 | 3,849,546 | 55,037,188 | ||||
Walt Disney | 228,129 | 32,994,297 | |||||
Healthcare - 12.65% | |||||||
300,221,163 | Alcon † | 77,195 | 4,372,450 | ||||
Consumer Discretionary - 16.56% | Alexion Pharmaceuticals † | 140,058 | 15,147,273 | ||||
Advance Auto Parts | 87,170 | 13,961,147 | Anthem | 29,468 | 8,900,220 | ||
Alibaba Group Holding ADR † | 225,466 | 47,821,339 | Becton Dickinson and Co. | 42,163 | 11,467,071 | ||
Amazon. com † | 65,667 | 121,342,109 | BioMarin Pharmaceutical † | 108,240 | 9,151,692 | ||
Aptiv | 92,750 | 8,808,468 | Centene † | 142,648 | 8,968,280 | ||
Booking Holdings † | 9,477 | 19,463,199 | Cigna | 39,788 | 8,136,248 | ||
Dollar General | 22,088 | 3,445,286 | HCA Healthcare | 55,227 | 8,163,103 | ||
Dollar Tree † | 67,890 | 6,385,056 | Intuitive Surgical † | 23,503 | 13,893,799 | ||
Dollarama | 201,026 | 6,909,084 | Johnson & Johnson | 109,690 | 16,000,480 | ||
Ferrari (Italy) | 50,744 | 8,400,162 | Stryker | 67,932 | 14,261,644 | ||
Home Depot | 76,530 | 16,712,621 | Thermo Fisher Scientific | 71,590 | 23,257,443 | ||
Las Vegas Sands | 91,100 | 6,289,544 | UnitedHealth Group | 162,154 | 47,670,033 | ||
Lululemon Athletica | Vertex Pharmaceuticals † | 60,340 | 13,211,443 | ||||
(Canada) † | 23,900 | 5,536,913 | WellCare Health Plans † | 9,035 | 2,983,447 | ||
MercadoLibre † | 4,413 | 2,523,971 | Zoetis | 177,680 | 23,515,948 | ||
MGM Resorts International | 124,913 | 4,155,856 | 229,100,574 | ||||
NIKE Class B | 77,980 | 7,900,154 | |||||
NVR † | 420 | 1,599,532 | Industrials - 9.38% | ||||
Restaurant Brands | Boeing | 78,216 | 25,479,644 | ||||
International | 28,804 | 1,836,831 | CH Robinson Worldwide | 79,257 | 6,197,897 | ||
Tesla † | 12,800 | 5,354,624 | Equifax | 28,920 | 4,052,270 | ||
Ulta Beauty † | 9,717 | 2,459,761 | Fortive | 102,859 | 7,857,399 | ||
Wynn Resorts | 65,414 | 9,084,042 | General Electric | 211,600 | 2,361,456 | ||
Honeywell International | 115,240 | 20,397,480 | |||||
299,989,699 | IHS Markit (United | ||||||
Consumer Staples - 2.38% | Kingdom) † | 216,036 | 16,278,313 | ||||
Anheuser-Busch InBev ADR | 177,770 | 14,584,251 | JB Hunt Transport Services | 44,395 | 5,184,448 | ||
Costco Wholesale | 50,668 | 14,892,339 | Roper Technologies | 30,966 | 10,969,086 | ||
McCormick & Co. | 52,963 | 8,989,410 | TransUnion | 107,853 | 9,233,295 | ||
Philip Morris International | 54,954 | 4,676,036 | Uber Technologies † | 398,892 | 11,863,048 | ||
43,142,036 | Union Pacific | 24,800 | 4,483,592 | ||||
United Parcel Service Class B | 167,890 | 19,653,203 | |||||
Energy - 0.94% | Westinghouse Air Brake | ||||||
Concho Resources | 29,800 | 2,609,586 | Technologies | 101,213 | 7,874,371 |
(continues)NQ-OPTLG [12/19] 2/20 (1082614) 1
Schedule of investments
Optimum Large Cap Growth Fund (Unaudited)
Number of | Value | Number of | Value | |||||
shares | (US $) | shares | (US $) | |||||
Common Stock ✧ (continued) | Common Stock ✧ (continued) | |||||||
Industrials (continued) | Utilities (continued) | |||||||
WW Grainger | 53,060 | $ | 17,961,871 | Sempra Energy | 50,539 | $ | 7,655,648 | |
169,847,373 | 13,498,242 | |||||||
Information Technology - 34.02% | Total Common Stock | |||||||
Adobe † | 81,840 | 26,991,650 | (cost $1,233,244,519) | 1,793,009,372 | ||||
Advanced Micro Devices † | 110,900 | 5,085,874 | ||||||
Akamai Technologies † | 197,460 | 17,056,595 | Convertible Preferred Stock - 0.40% | |||||
Apple | 252,571 | 74,167,474 | Airbnb Private Placement | |||||
ASML Holding (Netherlands) | 34,003 | 10,062,848 | Series D =p† | 23,130 | 2,752,470 | |||
Atlassian Class A † | 17,718 | 2,132,184 | Series E =p† | 13,611 | 1,619,709 | |||
Fidelity National Information | Magic Leap =p† | 43,435 | 950,401 | |||||
Services | 228,904 | 31,838,257 | WeWork Companies | |||||
Fiserv † | 104,926 | 12,132,593 | Series E =p† | 20,913 | 294,455 | |||
Global Payments | 45,490 | 8,304,654 | Xiaoju Kuaizhi (China) =p† | 32,416 | 1,568,464 | |||
Hexagon AB Class B | 78,987 | 4,427,325 | Total Convertible Preferred | |||||
Intuit | 47,195 | 12,361,786 | Stock(cost $4,786,106) | 7,185,499 | ||||
Marvell Technology Group | 293,869 | 7,805,161 | ||||||
Mastercard Class A | 107,880 | 32,211,889 | Short-Term Investments - 0.49% | |||||
Microsoft | 659,840 | 104,056,768 | Money Market Mutual Funds - 0.49% | |||||
Nutanix Class A † | 229,880 | 7,186,049 | BlackRock | |||||
NVIDIA | 69,060 | 16,249,818 | FedFund - Institutional | |||||
Oracle | 317,600 | 16,826,448 | Shares (seven-day effective | |||||
Palo Alto Networks † | 60,090 | 13,895,814 | yield 1.52%) | 1,796,412 | 1,796,412 | |||
Paycom Software † | 12,861 | 3,405,078 | Fidelity Investments Money | |||||
PayPal Holdings † | 76,763 | 8,303,454 | Market Government | |||||
QUALCOMM | 189,210 | 16,693,998 | Portfolio - Class I | |||||
salesforce. com † | 167,513 | 27,244,314 | (seven-day effective yield | |||||
ServiceNow † | 37,914 | 10,703,881 | 1.49%) | 1,796,412 | 1,796,412 | |||
Slack Technologies Class A † | 148,493 | 3,338,123 | GS Financial Square | |||||
Splunk † | 171,000 | 25,610,670 | Government | |||||
Fund - Institutional Shares | ||||||||
Temenos † | 31,571 | 4,994,196 | (seven-day effective yield | |||||
Texas Instruments | 94,500 | 12,123,405 | 1.51%) | 1,796,412 | 1,796,412 | |||
Visa Class A | 401,208 | 75,386,983 | Morgan Stanley Government | |||||
VMware Class A † | 131,913 | 20,023,074 | Portfolio - Institutional | |||||
Workday Class A † | 32,368 | 5,322,918 | Share Class (seven-day | |||||
Zoom Video Communications | effective yield 1.48%) | 1,796,412 | 1,796,412 | |||||
Class A † | 2,777 | 188,947 | State Street Institutional US | |||||
616,132,228 | Government Money Market | |||||||
Fund - Investor Class | ||||||||
Materials - 1.85% | (seven-day effective yield | |||||||
Ecolab | 75,460 | 14,563,025 | 1.45%) | 1,796,412 | 1,796,413 | |||
Linde | 88,780 | 18,901,262 | Total Short-Term | |||||
33,464,287 | Investments | |||||||
Real Estate - 0.86% | (cost $8,982,061) | 8,982,061 | ||||||
Equinix | 26,550 | 15,497,235 | ||||||
15,497,235 | ||||||||
Utilities - 0.74% | ||||||||
NextEra Energy | 24,127 | 5,842,594 |
2 NQ-OPTLG [12/19] 2/20 (1082614)
(Unaudited) | |||||||||||||
Restricted securities | |||||||||||||
Total Value of | |||||||||||||
Securities - 99.89% | Investment | Date of Acquisition | Cost | Value | |||||||||
(cost $1,247,012,686) | $ | 1,809,176,932 | Airbnb Private | ||||||||||
Receivables and Other | Placement | ||||||||||||
Assets Net of | Series D | 4/16/14 | $ | 941,692 | $ | 2,752,470 | |||||||
Liabilities - 0.11% | 1,958,185 | Airbnb Private | |||||||||||
Net Assets Applicable to | Placement | ||||||||||||
92,388,213 Shares | Series E | 7/14/15 | 1,267,108 | 1,619,709 | |||||||||
Outstanding - 100.00% | $ | 1,811,135,117 | Magic Leap | 1/20/16 | 1,000,438 | 950,401 | |||||||
WeWork | |||||||||||||
Companies | |||||||||||||
✧Narrow industries are utilized for compliance purposes for diversification | Series E | 6/23/15 | 687,820 | 294,455 | |||||||||
whereas broad sectors are used for financial reporting. | Xiaoju Kuaizhi | ||||||||||||
= The value of this security was determined using significant unobservable | (China) | 10/19/15 | 889,048 | 1,568,464 | |||||||||
inputs and is reported as a Level 3 security. | Total | $ | 4,786,106 | $ | 7,185,499 | ||||||||
pRestricted security. These investments are in securities not registered | |||||||||||||
under the Securities Act of 1933, as amended, and have certain | The following foreign currency exchange contracts were outstanding at | ||||||||||||
restrictions on resale which may limit their liquidity. At | Dec. 31, 2019: | ||||||||||||
Dec. 31, 2019, the aggregate value of restricted securities was | |||||||||||||
$7,185,499 which represented 0.40% of the Fund’s net assets. | Foreign Currency Exchange Contracts | ||||||||||||
† Non-income producing security. | |||||||||||||
Currency to | Unrealized | ||||||||||||
Counterparty | Receive (Deliver) | In Exchange For | Settlement Date | Appreciation | |||||||||
BNYM | SEK | (331,583) USD | 35,500 | 1/2/20 | $ | 95 | |||||||
The use of foreign currency exchange contracts involves elements of | |||||||||||||
market risk and risks in excess of the amounts disclosed in the financial | |||||||||||||
statements. The foreign currency exchange contract presented above | |||||||||||||
represents the Fund’s total exposure in such contracts, whereas only the | |||||||||||||
net unrealized appreciation (depreciation) is reflected in the Fund’s net | |||||||||||||
assets. | |||||||||||||
Summary of abbreviations: | |||||||||||||
ADR - American Depositary Receipt | |||||||||||||
BNYM - Bank of New York Mellon | |||||||||||||
GS - Goldman Sachs | |||||||||||||
SEK - Swedish Krona | |||||||||||||
USD - US Dollar |
(continues)NQ-OPTLG [12/19] 2/20 (1082614) 3