Schedule of investments
Optimum Small-Mid Cap Value Fund
December 31, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 96.61% | |||
Communication Services — 4.03% | |||
AMC Networks Class A † | 30,800 | $ 1,060,752 | |
Cars.com † | 56,200 | 904,258 | |
Entercom Communications † | 206,300 | 530,191 | |
Gray Television | 65,200 | 1,314,432 | |
John Wiley & Sons Class A | 145,785 | 8,349,107 | |
Lumen Technologies | 150,400 | 1,887,520 | |
Nexstar Media Group Class A | 116,322 | 17,562,296 | |
ViacomCBS Class B | 37,200 | 1,122,696 | |
32,731,252 | |||
Consumer Discretionary — 9.48% | |||
Aaron's | 45,700 | 1,126,505 | |
American Axle & Manufacturing Holdings † | 114,200 | 1,065,486 | |
BorgWarner | 41,200 | 1,856,884 | |
Brunswick | 21,300 | 2,145,549 | |
Capri Holdings † | 15,000 | 973,650 | |
Dick's Sporting Goods | 47,100 | 5,416,029 | |
Foot Locker | 41,900 | 1,828,097 | |
Goodyear Tire & Rubber † | 70,000 | 1,492,400 | |
H&R Block | 40,400 | 951,824 | |
Harley-Davidson | 43,800 | 1,650,822 | |
Haverty Furniture | 43,900 | 1,342,023 | |
Helen of Troy † | 15,800 | 3,862,626 | |
Kohl's | 36,000 | 1,778,040 | |
Lear | 11,700 | 2,140,515 | |
Lithia Motors | 39,657 | 11,776,146 | |
Malibu Boats Class A † | 19,500 | 1,340,235 | |
MDC Holdings | 54,648 | 3,050,998 | |
Modine Manufacturing † | 76,800 | 774,912 | |
Nordstrom † | 28,400 | 642,408 | |
ODP † | 29,100 | 1,143,048 | |
Penske Automotive Group | 28,619 | 3,068,529 | |
PulteGroup | 53,000 | 3,029,480 | |
Qurate Retail Series A | 97,500 | 741,000 | |
Sally Beauty Holdings † | 65,000 | 1,199,900 | |
Shoe Carnival | 400 | 15,632 | |
Sleep Number † | 14,600 | 1,118,360 | |
Smith & Wesson Brands | 67,800 | 1,206,840 | |
Sonic Automotive Class A | 53,300 | 2,635,685 | |
Tenneco Class A † | 26,400 | 298,320 | |
Toll Brothers | 49,500 | 3,583,305 | |
Travel + Leisure | 12,500 | 690,875 | |
Victoria's Secret & Co. † | 125,266 | 6,957,274 | |
Whirlpool | 19,900 | 4,669,734 | |
Winnebago Industries | 19,400 | 1,453,448 | |
77,026,579 | |||
Consumer Staples — 4.43% | |||
Bunge | 12,800 | 1,195,008 | |
Energizer Holdings | 32,000 | 1,283,200 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Consumer Staples (continued) | |||
Hostess Brands † | 137,429 | $ 2,806,300 | |
Ingles Markets Class A | 35,400 | 3,056,436 | |
Ingredion | 30,700 | 2,966,848 | |
J M Smucker | 25,500 | 3,463,410 | |
Molson Coors Beverage Class B | 82,900 | 3,842,415 | |
Nu Skin Enterprises Class A | 16,800 | 852,600 | |
Pilgrim's Pride † | 35,904 | 1,012,493 | |
Spectrum Brands Holdings | 100,014 | 10,173,424 | |
Sprouts Farmers Market † | 92,100 | 2,733,528 | |
Universal | 25,300 | 1,389,476 | |
Weis Markets | 18,500 | 1,218,780 | |
35,993,918 | |||
Energy — 3.42% | |||
Arch Resources | 10,300 | 940,596 | |
CNX Resources † | 99,550 | 1,368,812 | |
DT Midstream | 109,712 | 5,263,982 | |
HollyFrontier † | 97,960 | 3,211,129 | |
Magnolia Oil & Gas Class A | 314,935 | 5,942,823 | |
Marathon Oil | 185,700 | 3,049,194 | |
National Energy Services Reunited † | 118,000 | 1,115,100 | |
PDC Energy | 25,700 | 1,253,646 | |
Viper Energy Partners | 215,516 | 4,592,646 | |
World Fuel Services | 39,900 | 1,056,153 | |
27,794,081 | |||
Financials — 19.09% | |||
Ally Financial | 91,200 | 4,342,032 | |
American Financial Group | 27,780 | 3,814,750 | |
Annaly Capital Management | 209,800 | 1,640,636 | |
Apollo Commercial Real Estate Finance | 77,600 | 1,021,216 | |
Ares Capital | 85,300 | 1,807,507 | |
Associated Banc-Corp | 121,500 | 2,744,685 | |
Assured Guaranty | 25,900 | 1,300,180 | |
B Riley Financial | 15,900 | 1,412,874 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 994,340 | |
BGC Partners Class A | 1,408,246 | 6,548,344 | |
Cathay General Bancorp | 33,600 | 1,444,464 | |
Citizens Financial Group | 63,200 | 2,986,200 | |
CNA Financial | 85,600 | 3,773,248 | |
CNO Financial Group | 144,200 | 3,437,728 | |
Columbia Banking System | 239,564 | 7,838,534 | |
Customers Bancorp † | 58,809 | 3,844,344 | |
Essent Group | 26,800 | 1,220,204 | |
Everest Re Group | 6,300 | 1,725,696 | |
Federal Agricultural Mortgage Class C | 10,750 | 1,332,247 |
NQ-OPTSV [12/21] 2/22 (2028210) 1
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Financials (continued) | |||
Fidelity National Financial | 37,260 | $ 1,944,227 | |
First American Financial | 38,200 | 2,988,386 | |
First BanCorp/Puerto Rico | 89,200 | 1,229,176 | |
First Busey | 74,400 | 2,017,728 | |
First Horizon | 200,800 | 3,279,064 | |
First Merchants | 148,040 | 6,201,396 | |
FS KKR Capital | 57,750 | 1,209,285 | |
Hancock Whitney | 31,300 | 1,565,626 | |
Hanmi Financial | 56,800 | 1,345,024 | |
Heritage Insurance Holdings | 27,300 | 160,524 | |
HomeStreet | 39,900 | 2,074,800 | |
Hope Bancorp | 122,400 | 1,800,504 | |
Jefferies Financial Group | 61,300 | 2,378,440 | |
Lazard Class A | 37,700 | 1,644,851 | |
Lincoln National | 33,300 | 2,273,058 | |
MGIC Investment | 107,200 | 1,545,824 | |
New Mountain Finance | 95,300 | 1,305,610 | |
New Residential Investment | 131,300 | 1,406,223 | |
Oaktree Specialty Lending | 4,294 | 32,033 | |
OFG Bancorp | 60,700 | 1,612,192 | |
OneMain Holdings | 34,600 | 1,731,384 | |
Pacific Premier Bancorp | 153,795 | 6,156,414 | |
PacWest Bancorp | 459,970 | 20,776,845 | |
Preferred Bank | 14,900 | 1,069,671 | |
Radian Group | 69,500 | 1,468,535 | |
Redwood Trust | 119,100 | 1,570,929 | |
Regions Financial | 96,500 | 2,103,700 | |
Reinsurance Group of America | 17,800 | 1,948,922 | |
Starwood Property Trust | 495,423 | 12,038,779 | |
Synovus Financial | 55,900 | 2,675,933 | |
Umpqua Holdings | 104,200 | 2,004,808 | |
Universal Insurance Holdings | 41,300 | 702,100 | |
Unum Group | 75,700 | 1,859,949 | |
Victory Capital Holdings Class A | 39,300 | 1,435,629 | |
Voya Financial | 25,200 | 1,671,012 | |
Zions Bancorp | 74,400 | 4,699,104 | |
155,156,914 | |||
Healthcare — 4.91% | |||
Amphastar Pharmaceuticals † | 5,694 | 132,613 | |
Catalyst Pharmaceuticals † | 187,500 | 1,269,375 | |
DaVita † | 22,800 | 2,593,728 | |
Innoviva † | 86,900 | 1,499,025 | |
Ironwood Pharmaceuticals † | 167,200 | 1,949,552 | |
Jazz Pharmaceuticals † | 24,720 | 3,149,328 | |
Lannett † | 44,200 | 71,604 | |
Ligand Pharmaceuticals † | 14,493 | 2,238,589 | |
Owens & Minor | 49,800 | 2,166,300 | |
Quest Diagnostics | 11,600 | 2,006,916 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Healthcare (continued) | |||
Select Medical Holdings | 67,000 | $ 1,969,800 | |
Syneos Health † | 132,717 | 13,627,381 | |
United Therapeutics † | 15,370 | 3,321,150 | |
Universal Health Services Class B | 22,600 | 2,930,316 | |
Vanda Pharmaceuticals † | 62,100 | 974,349 | |
39,900,026 | |||
Industrials — 14.57% | |||
ABM Industries | 22,900 | 935,465 | |
ACCO Brands | 146,000 | 1,205,960 | |
Acuity Brands | 13,900 | 2,942,908 | |
AGCO | 19,300 | 2,239,186 | |
Alaska Air Group † | 24,800 | 1,292,080 | |
Allison Transmission Holdings | 55,500 | 2,017,425 | |
Apogee Enterprises | 36,200 | 1,743,030 | |
ArcBest | 27,300 | 3,271,905 | |
Atkore † | 77,158 | 8,579,198 | |
Atlas Air Worldwide Holdings † | 24,100 | 2,268,292 | |
BWX Technologies | 153,361 | 7,342,925 | |
Colfax † | 336,413 | 15,464,906 | |
CoreCivic † | 56,200 | 560,314 | |
Covenant Logistics Group † | 59,100 | 1,562,013 | |
Crane | 20,600 | 2,095,638 | |
Deluxe | 29,800 | 956,878 | |
Ennis | 45,800 | 894,474 | |
GXO Logistics † | 89,040 | 8,087,503 | |
Hawaiian Holdings † | 45,300 | 832,161 | |
Hillenbrand | 31,174 | 1,620,736 | |
Huntington Ingalls Industries | 12,300 | 2,296,902 | |
JetBlue Airways † | 84,600 | 1,204,704 | |
Kaman | 105,570 | 4,555,345 | |
KAR Auction Services † | 535,008 | 8,356,825 | |
ManpowerGroup | 26,300 | 2,559,779 | |
MillerKnoll | 46,400 | 1,818,416 | |
Moog Class A | 24,000 | 1,943,280 | |
Oshkosh | 24,800 | 2,795,208 | |
Owens Corning | 24,500 | 2,217,250 | |
Primoris Services | 66,384 | 1,591,888 | |
REV Group | 85,200 | 1,205,580 | |
Ryder System | 16,800 | 1,384,824 | |
Snap-on | 9,300 | 2,003,034 | |
Textron | 16,800 | 1,296,960 | |
Timken | 37,000 | 2,563,730 | |
Trinity Industries | 130,833 | 3,951,157 | |
Triton International | 43,700 | 2,632,051 | |
XPO Logistics † | 104,918 | 8,123,801 | |
118,413,731 | |||
Information Technology — 13.91% | |||
ACI Worldwide † | 342,652 | 11,890,024 |
2 NQ-OPTSV [12/21] 2/22 (2028210)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Information Technology (continued) | |||
Amdocs | 31,400 | $ 2,349,976 | |
Amkor Technology | 102,600 | 2,543,454 | |
Arrow Electronics † | 24,580 | 3,300,357 | |
Avaya Holdings † | 47,400 | 938,520 | |
BM Technologies † | 9,050 | 83,351 | |
Cirrus Logic † | 10,400 | 957,008 | |
Cognyte Software † | 125,754 | 1,970,565 | |
Consensus Cloud Solutions † | 1,566 | 90,624 | |
CSG Systems International | 18,200 | 1,048,684 | |
Diodes † | 10,500 | 1,153,005 | |
Ebix | 33,273 | 1,011,499 | |
Euronet Worldwide † | 53,188 | 6,338,414 | |
Jabil | 74,000 | 5,205,900 | |
Juniper Networks | 67,300 | 2,403,283 | |
Kimball Electronics † | 74,200 | 1,614,592 | |
Methode Electronics | 37,800 | 1,858,626 | |
NCR † | 40,900 | 1,644,180 | |
NetApp | 32,700 | 3,008,073 | |
NETGEAR † | 23,600 | 689,356 | |
OSI Systems † | 3,400 | 316,880 | |
Sanmina † | 59,300 | 2,458,578 | |
Seagate Technology Holdings | 17,100 | 1,931,958 | |
Silicon Motion Technology ADR | 167,787 | 15,944,799 | |
TD SYNNEX | 20,400 | 2,332,944 | |
Teledyne Technologies † | 13,288 | 5,805,394 | |
TTM Technologies † | 84,100 | 1,253,090 | |
Ultra Clean Holdings † | 38,400 | 2,202,624 | |
Verint Systems † | 189,304 | 9,940,353 | |
Vishay Precision Group † | 35,910 | 1,332,979 | |
Western Union | 51,400 | 916,976 | |
Xerox Holdings | 61,300 | 1,387,832 | |
Ziff Davis † | 154,437 | 17,120,886 | |
113,044,784 | |||
Materials — 11.27% | |||
Arconic † | 9,000 | 297,090 | |
Ashland Global Holdings | 102,000 | 10,981,320 | |
Axalta Coating Systems † | 362,199 | 11,996,031 | |
Berry Global Group † | 48,200 | 3,556,196 | |
Cabot | 38,000 | 2,135,600 | |
Celanese | 14,200 | 2,386,452 | |
Chemours | 49,500 | 1,661,220 | |
Eastman Chemical | 19,400 | 2,345,654 | |
FMC | 140,502 | 15,439,765 | |
Greif Class A | 34,400 | 2,076,728 | |
Huntsman | 70,700 | 2,466,016 | |
Koppers Holdings † | 48,050 | 1,503,965 | |
Mosaic | 82,800 | 3,253,212 | |
O-I Glass † | 59,800 | 719,394 | |
Reliance Steel & Aluminum | 21,500 | 3,487,730 |
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Materials (continued) | |||
Resolute Forest Products | 80,700 | $ 1,232,289 | |
Schweitzer-Mauduit International | 32,700 | 977,730 | |
Silgan Holdings | 401,071 | 17,181,881 | |
Steel Dynamics | 41,800 | 2,594,526 | |
Trinseo | 22,200 | 1,164,612 | |
Tronox Holdings Class A | 38,500 | 925,155 | |
Valvoline | 28,700 | 1,070,223 | |
Westrock | 48,000 | 2,129,280 | |
91,582,069 | |||
Real Estate — 9.76% | |||
American Assets Trust | 37,200 | 1,396,116 | |
Apple Hospitality REIT | 68,979 | 1,114,011 | |
Brixmor Property Group | 108,900 | 2,767,149 | |
CareTrust REIT | 57,900 | 1,321,857 | |
City Office REIT | 137,000 | 2,701,640 | |
Franklin Street Properties | 93,612 | 556,991 | |
Gaming and Leisure Properties | 318,082 | 15,477,870 | |
Howard Hughes † | 74,411 | 7,573,552 | |
Industrial Logistics Properties Trust | 63,789 | 1,597,915 | |
Iron Mountain | 36,600 | 1,915,278 | |
Kite Realty Group Trust | 126,939 | 2,764,731 | |
Medical Properties Trust | 617,811 | 14,598,874 | |
National Health Investors | 20,100 | 1,155,147 | |
Newmark Group Class A | 532,819 | 9,963,715 | |
Office Properties Income Trust | 45,688 | 1,134,890 | |
Omega Healthcare Investors | 53,300 | 1,577,147 | |
Piedmont Office Realty Trust Class A | 78,300 | 1,439,154 | |
Plymouth Industrial REIT | 57,000 | 1,824,000 | |
Preferred Apartment Communities Class A | 72,100 | 1,302,126 | |
Retail Value | 5,741 | 36,857 | |
RPT Realty | 104,000 | 1,391,520 | |
Sabra Health Care REIT | 112,200 | 1,519,188 | |
Service Properties Trust | 104,300 | 916,797 | |
Summit Hotel Properties † | 63,000 | 614,880 | |
Tanger Factory Outlet Centers | 61,400 | 1,183,792 | |
Uniti Group | 107,160 | 1,501,312 | |
79,346,509 | |||
Utilities — 1.74% | |||
MDU Resources Group | 75,400 | 2,325,336 | |
National Fuel Gas | 55,200 | 3,529,488 | |
NRG Energy | 64,400 | 2,774,352 | |
UGI | 45,200 | 2,075,132 |
NQ-OPTSV [12/21] 2/22 (2028210) 3
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock (continued) | |||
Utilities (continued) | |||
Vistra | 148,900 | $ 3,390,453 | |
14,094,761 | |||
Total Common Stock (cost $607,284,261) | 785,084,624 | ||
Limited Partnerships — 0.36% | |||
Rattler Midstream | 256,245 | 2,916,068 | |
Total Limited Partnerships (cost $1,709,001) | 2,916,068 | ||
Short-Term Investments — 2.90% | |||
Money Market Mutual Funds — 2.90% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 5,896,837 | 5,896,837 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 5,896,836 | 5,896,836 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 5,896,836 | 5,896,836 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 5,896,836 | $ 5,896,836 | |
Total Short-Term Investments (cost $23,587,345) | 23,587,345 | ||
Total Value of Securities—99.87% (cost $632,580,607) | 811,588,037 | ||
Receivables and Other Assets Net of Liabilities—0.13% | 1,018,301 | ||
Net Assets Applicable to 49,830,315 Shares Outstanding—100.00% | $812,606,338 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
REIT – Real Estate Investment Trust |
4 NQ-OPTSV [12/21] 2/22 (2028210)