Schedule of investments
Optimum Small-Mid Cap Growth Fund
December 31, 2021 (Unaudited)
Number of shares | Value (US $) | ||
Common Stock — 97.44%♦ | |||
Communication Services — 3.36% | |||
Criteo ADR † | 130,014 | $ 5,053,644 | |
Endeavor Group Holdings Class A † | 91,507 | 3,192,679 | |
Lions Gate Entertainment Class B † | 107,822 | 1,659,380 | |
PubMatic Class A † | 120,112 | 4,089,814 | |
ZoomInfo Technologies Class A † | 174,364 | 11,194,169 | |
Zynga Class A † | 416,285 | 2,664,224 | |
27,853,910 | |||
Consumer Discretionary — 11.96% | |||
Academy Sports & Outdoors † | 174,076 | 7,641,936 | |
American Eagle Outfitters | 108,829 | 2,755,550 | |
Boot Barn Holdings † | 43,857 | 5,396,604 | |
Burlington Stores † | 11,450 | 3,337,790 | |
Callaway Golf † | 92,639 | 2,542,014 | |
Churchill Downs | 26,107 | 6,289,176 | |
Deckers Outdoor † | 15,957 | 5,845,209 | |
Five Below † | 13,764 | 2,847,634 | |
Floor & Decor Holdings Class A † | 51,248 | 6,662,752 | |
Fox Factory Holding † | 16,030 | 2,726,703 | |
Hayward Holdings † | 116,902 | 3,066,339 | |
International Game Technology | 391,160 | 11,308,436 | |
Levi Strauss & Co. Class A | 215,254 | 5,387,808 | |
Media General CVR =, † | 49,291 | 0 | |
Meritage Homes † | 64,978 | 7,931,215 | |
Monro | 27,203 | 1,585,119 | |
Ollie's Bargain Outlet Holdings † | 42,615 | 2,181,462 | |
Papa John's International | 23,541 | 3,142,017 | |
Revolve Group † | 68,735 | 3,851,909 | |
Skyline Champion † | 50,381 | 3,979,091 | |
Sleep Number † | 28,312 | 2,168,699 | |
Sonos † | 64,097 | 1,910,091 | |
Traeger † | 78,860 | 958,938 | |
Vail Resorts | 16,816 | 5,513,966 | |
99,030,458 | |||
Consumer Staples — 2.70% | |||
BJ's Wholesale Club Holdings † | 158,292 | 10,600,815 | |
elf Beauty † | 122,394 | 4,064,705 | |
Lamb Weston Holdings | 45,730 | 2,898,367 | |
Performance Food Group † | 87,073 | 3,995,780 | |
Zevia Class A † | 108,234 | 763,050 | |
22,322,717 | |||
Energy — 1.12% | |||
Matador Resources | 176,451 | 6,514,571 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Energy (continued) | |||
Ovintiv | 82,993 | $ 2,796,864 | |
9,311,435 | |||
Financials — 9.48% | |||
Affiliated Managers Group | 46,992 | 7,730,654 | |
BRP Group Class A † | 177,052 | 6,393,348 | |
Essent Group | 79,826 | 3,634,478 | |
Evercore Class A | 21,069 | 2,862,224 | |
Focus Financial Partners Class A † | 50,809 | 3,034,313 | |
Goosehead Insurance Class A | 34,977 | 4,549,808 | |
Open Lending Class A † | 54,042 | 1,214,864 | |
Palomar Holdings † | 47,196 | 3,056,885 | |
Ryan Specialty Group Holdings Class A † | 96,085 | 3,877,030 | |
Signature Bank | 33,619 | 10,874,738 | |
Stifel Financial | 57,446 | 4,045,347 | |
SVB Financial Group † | 16,865 | 11,438,518 | |
Tradeweb Markets Class A | 87,382 | 8,750,433 | |
Triumph Bancorp † | 37,633 | 4,481,338 | |
Virtu Financial Class A | 88,652 | 2,555,837 | |
78,499,815 | |||
Healthcare — 22.24% | |||
Adaptive Biotechnologies † | 72,917 | 2,046,051 | |
Allscripts Healthcare Solutions † | 164,601 | 3,036,888 | |
Alphatec Holdings † | 385,987 | 4,411,831 | |
Amicus Therapeutics † | 183,611 | 2,120,707 | |
AMN Healthcare Services † | 30,401 | 3,718,954 | |
Arena Pharmaceuticals † | 24,696 | 2,295,246 | |
Arrowhead Pharmaceuticals † | 32,982 | 2,186,707 | |
AtriCure † | 130,710 | 9,088,266 | |
Avantor † | 376,569 | 15,868,618 | |
Avid Bioservices † | 108,781 | 3,174,230 | |
Axonics † | 65,142 | 3,647,952 | |
Axsome Therapeutics † | 24,340 | 919,565 | |
BioLife Solutions † | 70,142 | 2,614,192 | |
Bio-Techne | 11,651 | 6,027,528 | |
Blueprint Medicines † | 25,583 | 2,740,195 | |
Cerus † | 272,013 | 1,852,409 | |
CONMED | 53,650 | 7,605,424 | |
Cytokinetics † | 44,309 | 2,019,604 | |
Denali Therapeutics † | 40,750 | 1,817,450 | |
Evolent Health Class A † | 267,555 | 7,403,247 | |
Fate Therapeutics † | 28,392 | 1,661,216 | |
Haemonetics † | 42,908 | 2,275,840 | |
HealthEquity † | 60,698 | 2,685,280 | |
Horizon Therapeutics † | 124,197 | 13,383,469 | |
ICON † | 25,973 | 8,043,838 | |
Insmed † | 73,250 | 1,995,330 |
NQ-OPTSG [12/21] 2/22 (2028211) 1
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Healthcare (continued) | |||
Ionis Pharmaceuticals † | 29,078 | $ 884,844 | |
Iovance Biotherapeutics † | 52,544 | 1,003,065 | |
Maravai LifeSciences Holdings Class A † | 111,709 | 4,680,607 | |
Mirati Therapeutics † | 8,755 | 1,284,271 | |
Natera † | 53,807 | 5,025,036 | |
Neurocrine Biosciences † | 20,571 | 1,752,032 | |
Novocure † | 9,578 | 719,116 | |
Oak Street Health † | 57,380 | 1,901,573 | |
Omnicell † | 84,381 | 15,225,708 | |
Option Care Health † | 237,857 | 6,764,653 | |
Pacira BioSciences † | 35,981 | 2,164,977 | |
Phreesia † | 56,194 | 2,341,042 | |
Privia Health Group † | 72,519 | 1,876,067 | |
Repligen † | 11,370 | 3,011,231 | |
Silk Road Medical † | 88,729 | 3,780,743 | |
Syneos Health † | 63,165 | 6,485,782 | |
Tactile Systems Technology † | 69,348 | 1,319,692 | |
Tandem Diabetes Care † | 28,708 | 4,321,128 | |
Turning Point Therapeutics † | 25,958 | 1,238,197 | |
US Physical Therapy | 23,035 | 2,200,994 | |
ViewRay † | 284,333 | 1,566,675 | |
184,187,470 | |||
Industrials — 16.56% | |||
A O Smith | 19,139 | 1,643,083 | |
Acuity Brands | 13,204 | 2,795,551 | |
Advanced Drainage Systems | 28,669 | 3,902,711 | |
AECOM † | 75,348 | 5,828,168 | |
ASGN † | 47,601 | 5,873,963 | |
Atkore † | 26,563 | 2,953,540 | |
AZEK † | 127,561 | 5,898,421 | |
Boise Cascade | 40,733 | 2,900,190 | |
Chart Industries † | 57,421 | 9,158,075 | |
Clarivate † | 114,435 | 2,691,511 | |
Core & Main Class A † | 92,566 | 2,808,452 | |
Dycom Industries † | 23,160 | 2,171,482 | |
FTI Consulting † | 20,854 | 3,199,421 | |
Herc Holdings | 25,804 | 4,039,616 | |
IAA † | 36,743 | 1,859,931 | |
ICF International | 39,576 | 4,058,519 | |
KAR Auction Services † | 98,890 | 1,544,662 | |
KBR | 89,534 | 4,263,609 | |
Knight-Swift Transportation Holdings | 50,547 | 3,080,334 | |
Korn Ferry | 67,914 | 5,143,127 | |
Kratos Defense & Security Solutions † | 109,643 | 2,127,074 | |
Masonite International † | 30,574 | 3,606,203 | |
Mercury Systems † | 46,689 | 2,570,696 |
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Industrials (continued) | |||
Middleby † | 52,253 | $ 10,281,300 | |
PGT Innovations † | 90,631 | 2,038,291 | |
Plug Power † | 228,158 | 6,440,900 | |
Robert Half International | 28,734 | 3,204,416 | |
Schneider National Class B | 93,678 | 2,520,875 | |
SPX † | 67,478 | 4,027,087 | |
Sterling Check † | 117,306 | 2,405,946 | |
Sun Country Airlines Holdings † | 87,343 | 2,380,097 | |
Trex † | 65,031 | 8,781,136 | |
Wabash National | 120,899 | 2,359,949 | |
WillScot Mobile Mini Holdings † | 162,345 | 6,630,170 | |
Woodward | 17,645 | 1,931,422 | |
137,119,928 | |||
Information Technology — 24.82% | |||
Ambarella † | 36,555 | 7,416,644 | |
Arista Networks † | 53,035 | 7,623,781 | |
Bill.com Holdings † | 12,779 | 3,183,888 | |
Black Knight † | 55,035 | 4,561,851 | |
Box Class A † | 165,688 | 4,339,369 | |
Ciena † | 78,856 | 6,069,546 | |
CMC Materials | 17,831 | 3,418,024 | |
CyberArk Software † | 22,825 | 3,955,116 | |
DoubleVerify Holdings † | 37,766 | 1,256,853 | |
Dynatrace † | 141,121 | 8,516,652 | |
Enphase Energy † | 42,167 | 7,714,031 | |
Entegris | 60,636 | 8,402,937 | |
Evo Payments Class A † | 100,253 | 2,566,477 | |
FormFactor † | 46,677 | 2,134,072 | |
Globant † | 10,505 | 3,299,515 | |
Itron † | 30,187 | 2,068,413 | |
Jamf Holding † | 97,716 | 3,714,185 | |
Littelfuse | 29,630 | 9,323,968 | |
LiveRamp Holdings † | 77,632 | 3,722,454 | |
Lumentum Holdings † | 44,711 | 4,729,082 | |
MACOM Technology Solutions Holdings † | 82,068 | 6,425,924 | |
Manhattan Associates † | 57,583 | 8,953,581 | |
Mimecast † | 39,180 | 3,117,553 | |
MongoDB † | 17,208 | 9,109,055 | |
Monolithic Power Systems | 6,944 | 3,425,684 | |
Nutanix Class A † | 238,982 | 7,613,967 | |
ON Semiconductor † | 98,917 | 6,718,443 | |
Onto Innovation † | 35,381 | 3,581,619 | |
PagerDuty † | 110,692 | 3,846,547 | |
PAR Technology † | 49,877 | 2,632,009 | |
Paylocity Holding † | 17,789 | 4,201,050 | |
PTC † | 38,412 | 4,653,614 |
2 NQ-OPTSG [12/21] 2/22 (2028211)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stock♦ (continued) | |||
Information Technology (continued) | |||
Qualtrics International Class A † | 223,493 | $ 7,911,652 | |
Silicon Motion Technology ADR | 39,330 | 3,737,530 | |
Sprout Social Class A † | 24,793 | 2,248,477 | |
SS&C Technologies Holdings | 71,713 | 5,879,032 | |
Synaptics † | 25,535 | 7,392,638 | |
Teradyne | 22,186 | 3,628,077 | |
Verra Mobility † | 176,180 | 2,718,457 | |
WEX † | 11,059 | 1,552,573 | |
Wolfspeed † | 24,302 | 2,716,235 | |
Zendesk † | 21,872 | 2,281,031 | |
Zuora Class A † | 169,079 | 3,158,396 | |
205,520,002 | |||
Materials — 4.70% | |||
Albemarle | 18,137 | 4,239,886 | |
Eagle Materials | 47,010 | 7,825,285 | |
Element Solutions | 486,322 | 11,807,898 | |
Livent † | 91,296 | 2,225,796 | |
Orion Engineered Carbons | 158,905 | 2,917,496 | |
Steel Dynamics | 45,055 | 2,796,564 | |
Summit Materials Class A † | 176,362 | 7,079,171 | |
38,892,096 | |||
Real Estate — 0.50% | |||
Compass Class A † | 120,383 | 1,094,282 | |
Ryman Hospitality Properties † | 33,297 | 3,061,992 | |
4,156,274 | |||
Total Common Stock (cost $658,042,865) | 806,894,105 | ||
Convertible Preferred Stock — 0.03% | |||
Honest Series D =, †, π | 15,249 | 260,773 | |
Total Convertible Preferred Stock (cost $697,718) | 260,773 | ||
Warrant — 0.00% | |||
DraftKings strike price $25, expiration date 4/23/25 =, †, π | 399 | 0 | |
Total Warrant (cost $0) | 0 | ||
Short-Term Investments — 2.80% | |||
Money Market Mutual Funds — 2.80% | |||
BlackRock FedFund – Institutional Shares (seven-day effective yield 0.03%) | 5,795,829 | 5,795,829 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 0.01%) | 5,795,829 | $ 5,795,829 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 0.02%) | 5,795,830 | 5,795,830 | |
Morgan Stanley Government Portfolio – Institutional Share Class (seven-day effective yield 0.03%) | 5,795,829 | 5,795,829 | |
Total Short-Term Investments (cost $23,183,317) | 23,183,317 | ||
Total Value of Securities—100.27% (cost $681,923,900) | 830,338,195 | ||
Liabilities Net of Receivables and Other Assets—(0.27%) | (2,203,733) | ||
Net Assets Applicable to 50,921,589 Shares Outstanding—100.00% | $828,134,462 |
♦ | Narrow industries are utilized for compliance purposes for diversification whereas broad sectors are used for financial reporting. |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security. |
π | Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At December 31, 2021, the aggregate value of restricted securities was $260,773 which represented percentage of 0.03% of the Fund’s net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
DraftKings strike price $25, expiration date 4/23/25 | 5/18/20 | $— | $— | |||
Honest Series D | 8/3/15 | 697,718 | 260,773 | |||
Total | $697,718 | $260,773 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
CVR – Contingent Voting Rights |
NQ-OPTSG [12/21] 2/22 (2028211) 3
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Summary of abbreviations: (continued) |
GS – Goldman Sachs |
4 NQ-OPTSG [12/21] 2/22 (2028211)