Schedule of investments
Optimum Small-Mid Cap Value Fund
June 30, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 96.98% | |||
Communication Services — 4.32% | |||
AMC Networks Class A † | 30,800 | $2,057,440 | |
Cars.com † | 56,200 | 805,346 | |
Entercom Communications † | 206,300 | 889,153 | |
Gray Television | 65,200 | 1,525,680 | |
John Wiley & Sons Class A | 135,865 | 8,176,295 | |
Lumen Technologies | 93,300 | 1,267,947 | |
Nexstar Media Group Class A | 108,620 | 16,062,726 | |
ViacomCBS Class B | 37,200 | 1,681,440 | |
32,466,027 | |||
Consumer Discretionary — 9.05% | |||
Aaron's | 45,700 | 1,461,943 | |
American Axle & Manufacturing Holdings † | 114,200 | 1,181,970 | |
BorgWarner | 41,200 | 1,999,848 | |
Brunswick | 21,300 | 2,121,906 | |
Capri Holdings † | 15,000 | 857,850 | |
Dick's Sporting Goods | 47,100 | 4,718,949 | |
Foot Locker | 41,900 | 2,582,297 | |
Goodyear Tire & Rubber † | 70,000 | 1,200,500 | |
H&R Block | 40,400 | 948,592 | |
Harley-Davidson | 43,800 | 2,006,916 | |
Haverty Furniture | 43,900 | 1,877,164 | |
Helen of Troy † | 15,675 | 3,575,781 | |
Kohl's | 25,100 | 1,383,261 | |
Lear | 11,700 | 2,050,776 | |
Lithia Motors Class A | 36,031 | 12,381,693 | |
Malibu Boats Class A † | 19,500 | 1,429,935 | |
MDC Holdings | 54,648 | 2,765,189 | |
Modine Manufacturing † | 76,800 | 1,274,112 | |
Nordstrom † | 28,400 | 1,038,588 | |
ODP † | 29,100 | 1,397,091 | |
Penske Automotive Group | 28,619 | 2,160,448 | |
PulteGroup | 53,000 | 2,892,210 | |
Qurate Retail Class A | 97,500 | 1,276,275 | |
Sally Beauty Holdings † | 65,000 | 1,434,550 | |
Shoe Carnival | 200 | 14,318 | |
Sleep Number † | 14,600 | 1,605,270 | |
Sonic Automotive Class A | 53,300 | 2,384,642 | |
Tenneco Class A † | 26,400 | 510,048 | |
Toll Brothers | 49,500 | 2,861,595 | |
Travel + Leisure | 12,500 | 743,125 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Discretionary (continued) | |||
Whirlpool | 17,600 | $3,837,152 | |
67,973,994 | |||
Consumer Staples — 4.67% | |||
Energizer Holdings | 32,000 | 1,375,360 | |
Hostess Brands † | 613,671 | 9,935,334 | |
Ingles Markets Class A | 35,400 | 2,062,758 | |
Ingredion | 30,700 | 2,778,350 | |
J M Smucker | 25,500 | 3,304,035 | |
Molson Coors Beverage Class B † | 46,900 | 2,518,061 | |
Nu Skin Enterprises Class A | 16,800 | 951,720 | |
Pilgrim's Pride † | 76,400 | 1,694,552 | |
Spectrum Brands Holdings | 68,359 | 5,813,249 | |
Sprouts Farmers Market † | 92,100 | 2,288,685 | |
Universal | 25,300 | 1,441,341 | |
Weis Markets | 18,500 | 955,710 | |
35,119,155 | |||
Energy — 2.09% | |||
Arch Resources † | 10,300 | 586,894 | |
HollyFrontier | 49,600 | 1,631,840 | |
Laredo Petroleum † | 5,360 | 497,354 | |
National Energy Services Reunited † | 118,000 | 1,681,500 | |
Pioneer Natural Resources | 31,675 | 5,147,821 | |
Southwestern Energy † | 230,000 | 1,304,100 | |
Viper Energy Partners | 189,761 | 3,573,200 | |
World Fuel Services | 39,900 | 1,266,027 | |
15,688,736 | |||
Financials — 19.77% | |||
Ally Financial | 91,200 | 4,545,408 | |
American Financial Group | 27,780 | 3,464,722 | |
Annaly Capital Management | 209,800 | 1,863,024 | |
Apollo Commercial Real Estate Finance | 77,600 | 1,237,720 | |
Ares Capital | 85,300 | 1,671,027 | |
Associated Banc-Corp | 121,500 | 2,488,320 | |
Assured Guaranty | 34,400 | 1,633,312 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 920,663 | |
BankUnited | 34,200 | 1,459,998 | |
BGC Partners Class A | 1,397,800 | 7,925,526 |
NQ-OPTSV [6/21] 8/21 (1750243) 1
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financials (continued) | |||
Brightsphere Investment Group | 84,400 | $1,977,492 | |
Cathay General Bancorp | 33,600 | 1,322,496 | |
CIT Group | 6,900 | 355,971 | |
Citizens Financial Group | 63,200 | 2,898,984 | |
CNA Financial | 85,600 | 3,893,944 | |
CNO Financial Group | 144,200 | 3,406,004 | |
Columbia Banking System | 236,906 | 9,135,095 | |
Customers Bancorp † | 58,809 | 2,292,963 | |
Essent Group | 26,800 | 1,204,660 | |
Everest Re Group | 6,300 | 1,587,663 | |
Federal Agricultural Mortgage Class C | 15,400 | 1,523,060 | |
First American Financial | 38,200 | 2,381,770 | |
First Busey | 74,400 | 1,834,704 | |
First Horizon | 200,800 | 3,469,824 | |
First Merchants | 136,069 | 5,669,995 | |
FS KKR Capital | 57,750 | 1,242,203 | |
Hancock Whitney | 31,300 | 1,390,972 | |
Hanmi Financial | 56,800 | 1,082,608 | |
Heritage Insurance Holdings | 27,300 | 234,234 | |
HomeStreet | 39,900 | 1,625,526 | |
Hope Bancorp | 122,400 | 1,735,632 | |
Lazard Class A | 37,700 | 1,705,925 | |
Lincoln National | 33,300 | 2,092,572 | |
MGIC Investment | 107,200 | 1,457,920 | |
New Mountain Finance | 95,300 | 1,255,101 | |
New Residential Investment | 109,700 | 1,161,723 | |
Oaktree Specialty Lending | 4,294 | 28,727 | |
OFG Bancorp | 60,700 | 1,342,684 | |
Pacific Premier Bancorp | 151,645 | 6,413,067 | |
PacWest Bancorp | 464,534 | 19,120,219 | |
Preferred Bank | 20,500 | 1,297,035 | |
Prospect Capital | 160,841 | 1,349,456 | |
Radian Group | 69,500 | 1,546,375 | |
Reinsurance Group of America | 17,800 | 2,029,200 | |
Santander Consumer USA Holdings | 88,500 | 3,214,320 | |
Starwood Property Trust | 506,686 | 13,259,973 | |
Synovus Financial | 55,900 | 2,452,892 | |
Umpqua Holdings | 104,200 | 1,922,490 | |
Universal Insurance Holdings | 41,300 | 573,244 | |
Unum Group | 75,700 | 2,149,880 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financials (continued) | |||
Victory Capital Holdings Class A | 39,300 | $1,268,997 | |
Voya Financial | 25,200 | 1,549,800 | |
Zions Bancorp | 74,400 | 3,932,784 | |
148,599,904 | |||
Healthcare — 4.69% | |||
Catalyst Pharmaceuticals † | 205,300 | 1,180,475 | |
DaVita † | 22,800 | 2,745,804 | |
Hill-Rom Holdings | 21,700 | 2,464,903 | |
Innoviva † | 86,900 | 1,165,329 | |
Jazz Pharmaceuticals † | 24,720 | 4,391,261 | |
Lannett † | 44,200 | 206,414 | |
Owens & Minor | 49,800 | 2,108,034 | |
Quest Diagnostics | 11,600 | 1,530,852 | |
Select Medical Holdings | 74,600 | 3,152,596 | |
Syneos Health † | 131,392 | 11,758,270 | |
United Therapeutics † | 10,700 | 1,919,687 | |
Universal Health Services Class B | 17,920 | 2,624,025 | |
35,247,650 | |||
Industrials — 15.57% | |||
ABM Industries | 22,900 | 1,015,615 | |
ACCO Brands | 146,000 | 1,259,980 | |
Acuity Brands | 13,900 | 2,599,717 | |
Alaska Air Group † | 24,800 | 1,495,688 | |
Allison Transmission Holdings | 55,500 | 2,205,570 | |
Apogee Enterprises | 36,200 | 1,474,426 | |
ArcBest | 27,300 | 1,588,587 | |
Atkore † | 107,948 | 7,664,308 | |
Atlas Air Worldwide Holdings † | 24,100 | 1,641,451 | |
BWX Technologies | 152,051 | 8,837,204 | |
Colfax † | 300,537 | 13,767,600 | |
CoreCivic † | 56,200 | 588,414 | |
Covenant Logistics Group † | 59,100 | 1,222,188 | |
Crane | 20,600 | 1,902,822 | |
Deluxe | 29,800 | 1,423,546 | |
Ennis | 45,800 | 985,616 | |
Hawaiian Holdings † | 45,300 | 1,103,961 | |
Herman Miller | 46,400 | 2,187,296 | |
Hillenbrand | 31,174 | 1,374,150 | |
Huntington Ingalls Industries | 12,300 | 2,592,225 | |
JetBlue Airways † | 84,600 | 1,419,588 | |
Kaman | 104,600 | 5,271,840 |
2 NQ-OPTSV [6/21] 8/21 (1750243)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Industrials (continued) | |||
KAR Auction Services † | 523,245 | $9,182,950 | |
ManpowerGroup | 26,300 | 3,127,333 | |
MasTec † | 18,400 | 1,952,240 | |
Moog Class A | 24,000 | 2,017,440 | |
Oshkosh | 24,800 | 3,091,072 | |
Owens Corning | 22,400 | 2,192,960 | |
Primoris Services | 66,384 | 1,953,681 | |
Snap-on | 9,300 | 2,077,899 | |
Teledyne Technologies † | 13,876 | 5,811,685 | |
Textron | 33,800 | 2,324,426 | |
Timken | 37,000 | 2,981,830 | |
Trinity Industries | 173,359 | 4,661,624 | |
Triton International | 43,700 | 2,287,258 | |
XPO Logistics † | 69,269 | 9,690,040 | |
116,974,230 | |||
Information Technology — 14.45% | |||
ACI Worldwide † | 273,678 | 10,164,401 | |
Amdocs | 31,400 | 2,429,104 | |
Amkor Technology | 102,600 | 2,428,542 | |
Arrow Electronics † | 18,700 | 2,128,621 | |
Avaya Holdings † | 47,400 | 1,275,060 | |
BM Technologies =, † | 9,050 | 112,582 | |
Ciena † | 26,900 | 1,530,341 | |
Cirrus Logic † | 10,400 | 885,248 | |
Cognyte Software † | 150,418 | 3,685,241 | |
Concentrix † | 8,900 | 1,431,120 | |
CSG Systems International | 18,200 | 858,676 | |
Diodes † | 10,500 | 837,585 | |
Ebix | 33,273 | 1,127,955 | |
Euronet Worldwide † | 44,424 | 6,012,788 | |
J2 Global † | 160,248 | 22,042,112 | |
Jabil | 74,000 | 4,300,880 | |
Juniper Networks | 67,300 | 1,840,655 | |
Methode Electronics | 37,800 | 1,860,138 | |
NCR † | 67,500 | 3,078,675 | |
NetApp | 32,700 | 2,675,514 | |
NETGEAR † | 23,600 | 904,352 | |
OSI Systems † | 3,400 | 345,576 | |
Sanmina † | 59,300 | 2,310,328 | |
Seagate Technology Holdings | 17,100 | 1,503,603 | |
Silicon Motion Technology ADR | 220,655 | 14,143,986 | |
Sykes Enterprises † | 45,700 | 2,454,090 | |
SYNNEX | 20,400 | 2,483,904 | |
TTM Technologies † | 84,100 | 1,202,630 | |
Ultra Clean Holdings † | 38,400 | 2,062,848 | |
Verint Systems † | 174,714 | 7,874,360 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Information Technology (continued) | |||
Western Union | 51,400 | $1,180,658 | |
Xerox Holdings | 61,300 | 1,439,937 | |
108,611,510 | |||
Materials — 11.31% | |||
Arconic † | 9,000 | 320,580 | |
Ashland Global Holdings | 104,697 | 9,160,988 | |
Axalta Coating Systems † | 358,496 | 10,930,543 | |
Berry Global Group † | 42,300 | 2,758,806 | |
Cabot | 38,000 | 2,163,340 | |
Celanese | 14,200 | 2,152,720 | |
Chemours | 49,500 | 1,722,600 | |
Domtar † | 32,500 | 1,786,200 | |
Eastman Chemical | 19,400 | 2,264,950 | |
FMC | 131,800 | 14,260,760 | |
Greif Class A | 34,400 | 2,082,920 | |
Huntsman | 70,700 | 1,874,964 | |
Mosaic | 59,100 | 1,885,881 | |
O-I Glass † | 59,800 | 976,534 | |
Reliance Steel & Aluminum | 21,500 | 3,244,350 | |
Schweitzer-Mauduit International | 32,700 | 1,320,426 | |
Silgan Holdings | 396,464 | 16,453,256 | |
Steel Dynamics | 57,300 | 3,415,080 | |
Trinseo | 22,200 | 1,328,448 | |
Valvoline | 71,400 | 2,317,644 | |
Westrock | 48,000 | 2,554,560 | |
84,975,550 | |||
Real Estate — 9.37% | |||
American Assets Trust | 37,200 | 1,387,188 | |
Apple Hospitality REIT | 68,979 | 1,052,620 | |
Brixmor Property Group | 108,900 | 2,492,721 | |
CareTrust REIT | 57,900 | 1,345,017 | |
City Office REIT | 93,700 | 1,164,691 | |
Diversified Healthcare Trust | 123,300 | 515,394 | |
Franklin Street Properties | 93,612 | 492,399 | |
Gaming and Leisure Properties | 310,133 | 14,368,462 | |
Howard Hughes † | 84,200 | 8,206,132 | |
Industrial Logistics Properties Trust | 63,789 | 1,667,444 | |
Kite Realty Group Trust | 80,900 | 1,780,609 | |
Medical Properties Trust | 600,388 | 12,067,799 |
NQ-OPTSV [6/21] 8/21 (1750243) 3
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Real Estate (continued) | |||
National Health Investors | 20,100 | $1,347,705 | |
Newmark Group Class A | 521,314 | 6,260,981 | |
Office Properties Income Trust | 45,688 | 1,339,115 | |
Omega Healthcare Investors | 39,200 | 1,422,568 | |
Piedmont Office Realty Trust Class A | 78,300 | 1,446,201 | |
Preferred Apartment Communities Class A | 72,100 | 702,975 | |
Retail Properties of America Class A | 73,900 | 846,155 | |
Retail Value | 5,741 | 124,867 | |
RPT Realty | 104,000 | 1,349,920 | |
Sabra Health Care REIT | 112,200 | 2,042,040 | |
Service Properties Trust | 104,300 | 1,314,180 | |
Summit Hotel Properties † | 63,000 | 587,790 | |
Tanger Factory Outlet Centers | 61,400 | 1,157,390 | |
VEREIT | 61,580 | 2,828,369 | |
Xenia Hotels & Resorts † | 60,500 | 1,133,165 | |
70,443,897 | |||
Utilities — 1.69% | |||
MDU Resources Group | 75,400 | 2,363,036 | |
National Fuel Gas | 55,200 | 2,884,200 | |
NRG Energy | 64,400 | 2,595,320 | |
UGI | 45,200 | 2,093,212 | |
Vistra | 148,900 | 2,762,095 | |
12,697,863 | |||
Total Common Stock (cost $558,737,665) | 728,798,516 | ||
Limited Partnerships — 0.37% | |||
Rattler Midstream | 253,600 | 2,769,312 | |
Total Limited Partnerships (cost $1,679,739) | 2,769,312 | ||
Number of shares | Value (US $) | ||
Short-Term Investments — 2.51% | |||
Money Market Mutual Funds — 2.51% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 4,713,034 | $4,713,034 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 4,713,034 | 4,713,034 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 4,713,033 | 4,713,033 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.00%) | 4,713,033 | 4,713,033 | |
Total Short-Term Investments (cost $18,852,134) | 18,852,134 | ||
Total Value of Securities—99.86% (cost $579,269,538) | 750,419,962 | ||
Receivables and Other Assets Net of Liabilities—0.14% | 1,053,169 | ||
Net Assets Applicable to 45,508,287 Shares Outstanding—100.00% | $751,473,131 |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
REIT – Real Estate Investment Trust |
4 NQ-OPTSV [6/21] 8/21 (1750243)