Schedule of investments
Optimum International Fund
June 30, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks – 97.17%Δ | |||
Australia − 4.53% | |||
Australian Clinical Labs | 32,563 | $ 103,168 | |
Base Resources | 216,665 | 41,875 | |
BHP Group | 212,192 | 6,041,703 | |
BlueScope Steel | 352,361 | 3,867,153 | |
Cochlear | 18,594 | 2,550,217 | |
DGL Group † | 11,007 | 20,969 | |
Enero Group | 23,974 | 47,989 | |
Glencore | 92,102 | 499,027 | |
GrainCorp Class A | 27,532 | 180,728 | |
Imdex | 48,464 | 61,719 | |
Incitec Pivot | 298,052 | 680,968 | |
Metals X † | 66,900 | 15,470 | |
New Hope | 130,039 | 310,568 | |
Nufarm | 262,892 | 923,637 | |
Orica | 2,786 | 30,326 | |
Perseus Mining | 195,584 | 213,978 | |
Rio Tinto | 136,213 | 8,152,151 | |
South32 | 2,417,891 | 6,575,660 | |
Wagners Holding † | 20,675 | 15,841 | |
Whitehaven Coal | 1,323,156 | 4,420,413 | |
34,753,560 | |||
Austria − 0.84% | |||
ANDRITZ | 29,128 | 1,173,369 | |
AT&S Austria Technologie & Systemtechnik | 505 | 26,990 | |
EVN | 10,863 | 229,955 | |
OMV | 105,738 | 4,959,772 | |
Zumtobel Group | 4,204 | 30,839 | |
6,420,925 | |||
Belgium − 0.42% | |||
Umicore | 91,591 | 3,198,146 | |
3,198,146 | |||
Brazil − 1.80% | |||
Gerdau ADR | 163,841 | 702,878 | |
Marfrig Global Foods | 327,900 | 760,001 | |
MercadoLibre † | 16,786 | 10,690,500 | |
Transmissora Alianca de Energia Eletrica | 98,100 | 724,487 | |
Unipar Carbocloro | 4,074 | 65,521 | |
Yara International | 21,615 | 903,249 | |
13,846,636 | |||
Canada − 3.89% | |||
Advantage Energy † | 41,200 | 256,060 | |
Alaris Equity Partners Income | 10,277 | 132,055 | |
Aritzia † | 5,400 | 146,201 | |
Artis Real Estate Investment Trust | 8,767 | 80,096 | |
Atco Class I | 3,700 | 126,764 | |
Baytex Energy † | 109,700 | 532,648 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Canada (continued) | |||
Birchcliff Energy | 12,927 | $ 87,874 | |
Bird Construction | 33,900 | 196,732 | |
Black Diamond Group | 5,800 | 16,762 | |
Bonterra Energy † | 3,562 | 24,739 | |
Canfor † | 12,800 | 223,244 | |
Capstone Copper † | 106,600 | 269,150 | |
Cardinal Energy | 4,304 | 24,175 | |
Celestica † | 54,897 | 533,958 | |
Constellation Software | 3,538 | 5,252,220 | |
Crew Energy † | 70,025 | 251,333 | |
E-L Financial | 100 | 61,762 | |
Fairfax Financial Holdings | 2,100 | 1,112,811 | |
Finning International | 37,800 | 795,527 | |
Gildan Activewear | 1,100 | 31,662 | |
iA Financial | 2,800 | 139,260 | |
International Petroleum † | 9,098 | 88,848 | |
Linamar | 4,800 | 203,381 | |
MEG Energy † | 24,500 | 339,178 | |
Methanex | 61,600 | 2,353,070 | |
Neo Performance Materials | 1,900 | 18,348 | |
North West | 682 | 17,638 | |
NuVista Energy † | 90,543 | 725,920 | |
Obsidian Energy † | 49,400 | 381,476 | |
Parex Resources | 30,100 | 509,773 | |
Pason Systems | 7,400 | 83,877 | |
Peyto Exploration & Development | 1,507 | 14,096 | |
PHX Energy Services | 10,600 | 39,857 | |
Pizza Pizza Royalty | 15,000 | 141,586 | |
Richelieu Hardware | 7,097 | 185,695 | |
Ritchie Bros Auctioneers | 77,201 | 5,022,697 | |
Shopify Class A † | 90,750 | 2,835,030 | |
Total Energy Services | 7,700 | 44,685 | |
Tourmaline Oil | 101,800 | 5,293,252 | |
TransAlta | 37,000 | 422,258 | |
TransGlobe Energy | 13,339 | 45,219 | |
Uni-Select † | 4,000 | 88,875 | |
Wajax | 1,700 | 26,559 | |
West Fraser Timber | 3,300 | 253,217 | |
Western Forest Products | 65,984 | 74,329 | |
Westshore Terminals Investment | 13,400 | 332,606 | |
29,836,503 | |||
Chile − 0.02% | |||
Cia Cervecerias Unidas ADR | 9,654 | 121,930 | |
121,930 | |||
China/Hong Kong − 12.20% | |||
37 Interactive Entertainment Network Technology Group Class A | 836,400 | 2,652,521 | |
AIA Group | 1,446,800 | 15,681,595 |
NQ-OPTIE [6/22] 8/22 (2351746) 1
Schedule of investments
Optimum International Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
China/Hong Kong (continued) | |||
Alibaba Group Holding † | 321,000 | $ 4,577,649 | |
Asia Cement China Holdings | 393,862 | 215,834 | |
ASM Pacific Technology | 35,400 | 300,684 | |
Beijing Yanjing Brewery Class A | 953,100 | 1,375,341 | |
Build King Holdings | 80,674 | 8,431 | |
Canny Elevator Class A | 113,100 | 126,205 | |
China BlueChemical Class H | 500,000 | 144,008 | |
China Construction Bank Class H | 9,884,000 | 6,638,207 | |
China Display Optoelectronics Technology Holdings † | 344,000 | 17,755 | |
China South Publishing & Media Group Class A | 216,845 | 305,785 | |
Chinese Universe Publishing and Media Group Class A | 575,900 | 859,424 | |
Consun Pharmaceutical Group | 44,000 | 23,439 | |
Dah Sing Financial Holdings | 30,000 | 85,449 | |
Daqin Railway | 485,400 | 477,837 | |
Dazzle Fashion Class A | 184,660 | 437,217 | |
Fufeng Group | 160,000 | 102,564 | |
Futu Holdings ADR † | 32,191 | 1,680,692 | |
G-bits Network Technology Xiamen Class A | 26,800 | 1,553,321 | |
Guangdong Baolihua New Energy Stock | 479,200 | 313,535 | |
Hangzhou Tigermed Consulting Class H | 166,000 | 1,918,769 | |
Hong Kong Exchanges & Clearing | 137,400 | 6,758,985 | |
Inner Mongolia Yitai Coal Class H | 15,000 | 21,945 | |
JD.com Class A | 8,828 | 284,411 | |
Jingjin Equipment Class A | 160,435 | 743,182 | |
Jiutian Chemical Group | 1,258,400 | 84,238 | |
JNBY Design | 72,739 | 83,151 | |
Johnson Electric Holdings | 38,000 | 49,396 | |
Lansen Pharmaceutical Holdings | 24,509 | 4,935 | |
Lenovo Group | 2,572,000 | 2,402,605 | |
Luolai Lifestyle Technology Class A | 534,892 | 1,052,317 | |
Meituan Class B † | 253,300 | 6,268,907 | |
Midland Holdings † | 38,000 | 3,632 | |
Opple Lighting Class A | 62,900 | 163,961 | |
Orient Overseas International | 116,491 | 3,087,899 | |
Pacific Basin Shipping | 164,930 | 63,056 | |
PAX Global Technology | 113,000 | 87,989 | |
PetroChina Class H | 1,724,000 | 821,706 | |
Ping An Healthcare and Technology † | 636,700 | 1,886,537 | |
Ping An Insurance Group Co. of China Class H | 918,000 | 6,241,436 | |
Prosus | 52,862 | 3,461,188 | |
SGIS Songshan Class A | 2,477,300 | 1,295,214 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
China/Hong Kong (continued) | |||
Shanghai International Port Group Class A | 593,100 | $ 516,525 | |
Sinopec Engineering Group Class H | 34,001 | 15,599 | |
Sinotruk Hong Kong | 318,552 | 446,561 | |
Suzhou Gold Mantis Construction Decoration Class A † | 401,400 | 304,604 | |
Ten Pao Group Holdings | 36,000 | 5,643 | |
Tencent Holdings | 217,100 | 9,805,302 | |
Tencent Music Entertainment Group ADR † | 575,583 | 2,889,427 | |
Texhong Textile Group | 104,524 | 110,561 | |
Tian Di Science & Technology Class A | 1,137,500 | 812,221 | |
United Laboratories International Holdings | 222,000 | 131,557 | |
Wuxi Biologics Cayman † | 213,000 | 1,948,998 | |
Yue Yuen Industrial Holdings | 21,000 | 27,351 | |
Zhejiang Semir Garment Class A | 2,243,778 | 1,984,250 | |
Zhejiang Yasha Decoration Class A | 191,600 | 143,393 | |
Zhenro Properties Group † | 1,431,000 | 105,773 | |
93,610,717 | |||
Czech Republic − 0.06% | |||
CEZ | 10,924 | 491,876 | |
491,876 | |||
Denmark − 4.91% | |||
Ambu Class B | 137,089 | 1,331,188 | |
AP Moller - Maersk Class B | 2,741 | 6,393,369 | |
Chr Hansen Holding | 62,786 | 4,569,922 | |
Demant † | 15,228 | 571,354 | |
DSV | 43,507 | 6,075,919 | |
Genmab † | 4,950 | 1,601,982 | |
Novo Nordisk Class B | 85,530 | 9,486,262 | |
Novozymes Class B | 109,534 | 6,574,309 | |
Pandora | 16,952 | 1,066,434 | |
Solar Class B | 614 | 52,424 | |
37,723,163 | |||
Egypt − 0.00% | |||
ElSewedy Electric † | 76,312 | 24,598 | |
24,598 | |||
Finland − 0.74% | |||
Kone Class B | 117,468 | 5,583,843 | |
Orion Class A | 1,418 | 63,006 | |
QT Group † | 2 | 148 | |
Vaisala Class A | 805 | 34,503 | |
5,681,500 |
2 NQ-OPTIE [6/22] 8/22 (2351746)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
France − 3.56% | |||
ABC arbitrage | 4,110 | $ 30,236 | |
Aubay | 452 | 22,926 | |
Danone | 123,819 | 6,910,811 | |
Dassault Aviation | 3,355 | 523,513 | |
Dassault Systemes | 181,853 | 6,691,966 | |
Derichebourg | 2,657 | 15,314 | |
Edenred | 143,448 | 6,760,175 | |
Eurazeo | 3,677 | 227,731 | |
Ipsen | 7,085 | 668,596 | |
IPSOS | 23,199 | 1,101,306 | |
Nexans | 27,634 | 2,141,522 | |
Sartorius Stedim Biotech | 5,572 | 1,747,666 | |
Thales | 2,758 | 338,303 | |
Virbac | 331 | 128,863 | |
27,308,928 | |||
Germany − 6.35% | |||
Atoss Software | 919 | 116,531 | |
Bastei Luebbe | 1,488 | 9,793 | |
Bayer | 74,838 | 4,448,350 | |
Bayerische Motoren Werke | 2,896 | 222,941 | |
BioNTech ADR | 16,448 | 2,452,397 | |
Carl Zeiss Meditec | 11,603 | 1,384,951 | |
Dermapharm Holding | 3,040 | 151,324 | |
Deutsche Bank | 115,217 | 1,004,329 | |
Deutsche Boerse | 60,029 | 10,040,019 | |
Merck | 35,380 | 5,969,312 | |
Rational | 10,498 | 6,100,265 | |
Rheinmetall | 2,022 | 466,806 | |
SAP | 93,182 | 8,488,721 | |
Scout24 | 150,273 | 7,714,876 | |
Wacker Chemie | 1,128 | 162,655 | |
Westwing Group † | 2 | 15 | |
48,733,285 | |||
Greece − 0.10% | |||
National Bank of Greece † | 231,316 | 684,317 | |
Thrace Plastics Holding and Co. | 17,069 | 60,817 | |
745,134 | |||
Hungary − 0.30% | |||
MOL Hungarian Oil & Gas | 189,107 | 1,458,537 | |
OTP Bank | 38,678 | 861,002 | |
2,319,539 | |||
India − 2.74% | |||
AurionPro Solutions † | 13,221 | 42,657 | |
Century Plyboards India | 3,295 | 21,934 | |
CESC | 165,751 | 149,438 | |
Cosmo Films | 14,948 | 186,975 | |
Cyient | 7,003 | 67,097 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
India (continued) | |||
Deccan Cements | 5,297 | $ 31,391 | |
Dhampur Bio Organics † | 59,731 | 18,372 | |
Dwarikesh Sugar Industries | 162,577 | 207,924 | |
EID Parry India | 25,171 | 169,119 | |
Finolex Industries | 202,422 | 349,107 | |
GAIL India | 682,031 | 1,167,629 | |
Gujarat Ambuja Exports | 60,892 | 217,977 | |
Gujarat Narmada Valley Fertilizers & Chemicals | 71,443 | 517,283 | |
HIL | 565 | 25,406 | |
Housing Development Finance | 354,095 | 9,733,605 | |
ICICI Lombard General Insurance | 260,651 | 3,699,728 | |
Indian Oil | 2,135,166 | 2,007,484 | |
INEOS Styrolution India | 6,153 | 59,514 | |
Kirloskar Industries | 1,576 | 26,068 | |
Mangalam Cement | 6,512 | 22,276 | |
National Aluminium | 1,773,827 | 1,545,339 | |
Oracle Financial Services Software | 1,076 | 42,214 | |
Polyplex | 7,812 | 217,853 | |
Rupa & Co. | 325 | 1,427 | |
Savita Oil Technologies | 4,870 | 67,340 | |
Shree Digvijay Cement | 11,266 | 8,445 | |
Siyaram Silk Mills | 21,831 | 141,218 | |
Sonata Software | 21,610 | 183,188 | |
Technocraft Industries India † | 2,371 | 26,185 | |
Vardhman Textiles | 19,495 | 65,430 | |
VST Industries | 973 | 37,632 | |
Yasho Industries | 10 | 172 | |
21,057,427 | |||
Indonesia − 0.54% | |||
Adaro Energy Indonesia | 9,630,698 | 1,848,887 | |
Akasha Wira International Tbk Pte † | 37,900 | 16,982 | |
Bank Mandiri Persero | 193,800 | 103,095 | |
Bukit Asam | 2,032,100 | 521,069 | |
Bumitama Agri | 133,900 | 64,092 | |
Indo Tambangraya Megah Tbk Pte | 41,400 | 85,246 | |
Indo-Rama Synthetics Tbk Pte | 40,800 | 29,441 | |
MNC Energy Investments Tbk Pte † | 2,180,600 | 21,956 | |
Telkom Indonesia Persero | 1,590,400 | 427,025 | |
Timah | 373,374 | 36,341 | |
United Tractors | 516,200 | 984,063 | |
4,138,197 | |||
Iraq − 0.00% | |||
Gulf Keystone Petroleum | 9,433 | 29,855 | |
29,855 |
NQ-OPTIE [6/22] 8/22 (2351746) 3
Schedule of investments
Optimum International Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Ireland − 2.89% | |||
CRH | 116,382 | $ 4,024,763 | |
CRH (London Stock Exchange) | 101,159 | 3,477,498 | |
Kingspan Group | 101,159 | 6,084,950 | |
Ryanair Holdings ADR † | 127,838 | 8,597,105 | |
22,184,316 | |||
Israel − 1.90% | |||
Bank Hapoalim | 181,329 | 1,513,779 | |
Bank Leumi Le-Israel | 556,409 | 4,946,106 | |
Check Point Software Technologies † | 35,989 | 4,382,740 | |
Duniec Brothers | 24 | 1,295 | |
FIBI Holdings | 7,012 | 293,894 | |
ICL Group | 210,160 | 1,906,689 | |
Isracard | 0 | 0 | |
Israel † | 731 | 321,243 | |
ZIM Integrated Shipping Services | 26,078 | 1,231,664 | |
14,597,410 | |||
Italy − 0.78% | |||
Azimut Holding | 24,486 | 425,573 | |
Banca IFIS | 17,439 | 246,898 | |
FinecoBank Banca Fineco | 424,868 | 5,084,646 | |
MFE-MediaForEurope Class A † | 55,672 | 25,553 | |
Recordati Industria Chimica e Farmaceutica | 5,628 | 244,820 | |
6,027,490 | |||
Japan − 11.88% | |||
A&A Material | 1,800 | 11,635 | |
Achilles | 3,900 | 38,603 | |
Advanced Media † | 6,500 | 35,068 | |
AGS | 3,000 | 16,207 | |
Aichi Bank | 1,000 | 38,989 | |
Akatsuki | 2,700 | 54,147 | |
Alps Logistics | 3,100 | 25,818 | |
Anest Iwata | 7,200 | 48,078 | |
Arisawa Manufacturing | 11,000 | 81,073 | |
Avant | 2,000 | 19,811 | |
BIPROGY | 9,600 | 191,038 | |
BML | 10,600 | 275,391 | |
Brother Industries | 55,000 | 966,797 | |
Canon | 41,200 | 936,778 | |
Canon Marketing Japan | 3,500 | 72,693 | |
Chiba Kogyo Bank | 10,300 | 19,510 | |
Computer Engineering & Consulting | 5,700 | 48,060 | |
Cosel | 6,400 | 38,585 | |
CTI Engineering | 2,000 | 38,222 | |
Cybernet Systems | 600 | 3,538 | |
Dai Nippon Toryo | 4,200 | 21,947 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan (continued) | |||
Daihatsu Diesel Manufacturing | 6,500 | $ 21,319 | |
Dai-ichi Life Holdings | 28,700 | 530,933 | |
Daiken | 4,200 | 56,710 | |
Daito Trust Construction | 15,300 | 1,320,482 | |
Daitron | 3,000 | 39,335 | |
Daiwa House Industry | 57,100 | 1,330,706 | |
Daiwa Industries | 4,700 | 38,104 | |
Dear Life | 7,100 | 29,985 | |
Denso | 121,000 | 6,428,125 | |
Doshisha | 6,100 | 70,630 | |
Eizo | 13,400 | 372,332 | |
Elecom | 23,800 | 267,329 | |
Elematec | 9,800 | 90,864 | |
en Japan | 7,100 | 92,727 | |
Enplas | 5,300 | 124,414 | |
FANUC | 41,200 | 6,449,646 | |
Fudo Tetra | 3,700 | 42,050 | |
Fujikura | 20,040 | 113,582 | |
Fujitsu | 23,400 | 2,925,862 | |
Fuso Pharmaceutical Industries | 600 | 9,486 | |
Gakujo | 2,600 | 17,304 | |
Glory | 9,000 | 135,849 | |
H.U. Group Holdings | 7,600 | 165,186 | |
Hisamitsu Pharmaceutical | 1,700 | 43,791 | |
Hito Communications Holdings | 2,000 | 22,332 | |
Hosokawa Micron | 1,900 | 36,437 | |
Ichiken | 3,100 | 41,652 | |
Ichiyoshi Securities | 15,600 | 74,620 | |
ID Holdings | 3,000 | 18,264 | |
Ines | 3,900 | 46,680 | |
I-Net | 2,300 | 20,800 | |
Infocom | 7,000 | 104,887 | |
Internet Initiative Japan | 14,500 | 507,094 | |
I-PEX | 9,200 | 86,250 | |
ISB | 3,100 | 23,122 | |
Ishihara Sangyo Kaisha | 3,600 | 26,533 | |
Itfor | 8,900 | 49,918 | |
IwaiCosmo Holdings | 3,800 | 35,149 | |
JAC Recruitment | 8,500 | 108,881 | |
Japan Exchange Group | 300,400 | 4,335,077 | |
Japan Post Insurance | 73,900 | 1,182,465 | |
Japan System Techniques | 2,000 | 36,277 | |
Kanamoto | 9,800 | 139,040 | |
Kandenko | 6,700 | 41,776 | |
Kanematsu Electronics | 5,700 | 169,303 | |
Kenko Mayonnaise | 3,000 | 31,994 | |
Keyence | 11,200 | 3,828,538 | |
Kokuyo | 21,500 | 272,236 | |
Konica Minolta | 48,000 | 160,259 | |
Konoike Transport | 8,800 | 82,305 |
4 NQ-OPTIE [6/22] 8/22 (2351746)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan (continued) | |||
Kyokuto Securities | 8,400 | $ 42,718 | |
Marvelous | 9,000 | 44,575 | |
Maxell | 4,400 | 42,969 | |
Mazda Motor | 3,400 | 27,815 | |
Meiko Network Japan | 11,000 | 49,941 | |
Meitec | 2,700 | 43,521 | |
Melco Holdings | 3,200 | 81,486 | |
MIMAKI ENGINEERING | 12,800 | 49,434 | |
Miroku Jyoho Service | 14,900 | 130,683 | |
Mitsubishi Electric | 117,900 | 1,260,856 | |
Mitsubishi Research Institute | 8,600 | 261,144 | |
Mixi | 34,600 | 574,287 | |
MonotaRO | 352,600 | 5,239,104 | |
MORESCO | 2,700 | 24,795 | |
MS&AD Insurance Group Holdings | 9,600 | 294,198 | |
Nachi-Fujikoshi | 2,200 | 56,265 | |
Naigai Trans Line | 1,600 | 22,476 | |
Nice | 1,400 | 16,860 | |
Nidec | 93,400 | 5,768,662 | |
Nihon Kohden | 5,400 | 110,404 | |
Nikkon Holdings | 3,100 | 49,146 | |
Nintendo | 10,600 | 4,584,375 | |
Nippon Telegraph & Telephone | 202,200 | 5,806,097 | |
Nisshinbo Holdings | 68,300 | 513,962 | |
Nisso | 5,600 | 23,774 | |
Nitto Kohki | 2,100 | 23,108 | |
Nitto Seiko | 6,700 | 23,258 | |
NS Solutions | 5,400 | 144,074 | |
OBIC Business Consultants | 600 | 20,629 | |
Okabe | 5,100 | 22,854 | |
Okamura | 5,500 | 49,130 | |
Okinawa Cellular Telephone | 1,900 | 75,759 | |
Osaki Electric | 19,600 | 70,495 | |
Otsuka Holdings | 5,900 | 209,509 | |
Paramount Bed Holdings | 4,100 | 66,540 | |
Pilot | 2,700 | 96,215 | |
Pronexus | 2,600 | 20,523 | |
Recruit Holdings | 31,700 | 933,384 | |
Rheon Automatic Machinery | 3,500 | 32,555 | |
Riken | 3,300 | 56,913 | |
Sanshin Electronics | 5,700 | 64,486 | |
Seiko Epson | 68,900 | 975,000 | |
Sekisui Kasei | 7,100 | 21,350 | |
Shibuya | 4,100 | 70,801 | |
Shimano | 30,600 | 5,169,163 | |
Shinnihon | 4,000 | 20,843 | |
Shiseido | 136,500 | 5,478,914 | |
SIGMAXYZ Holdings | 1,400 | 11,206 | |
SMC | 12,000 | 5,348,172 | |
SMK | 1,300 | 19,977 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Japan (continued) | |||
Soda Nikka | 4,600 | $ 19,427 | |
Sodick | 12,100 | 72,593 | |
Soliton Systems KK | 16,300 | 143,562 | |
Sompo Holdings | 13,100 | 577,663 | |
Sony Group | 96,600 | 7,899,300 | |
Space | 2,900 | 19,450 | |
Sprix | 2,700 | 19,044 | |
SRA Holdings | 3,400 | 69,463 | |
Star Micronics | 10,200 | 122,012 | |
Step | 1,800 | 22,513 | |
Studio Alice | 1,300 | 22,784 | |
Sun | 2,100 | 23,774 | |
Sun-Wa Technos | 2,700 | 25,591 | |
Suzuken | 3,600 | 101,754 | |
T&D Holdings | 29,300 | 350,702 | |
Takaoka Toko | 1,800 | 22,473 | |
Takara Standard | 12,700 | 117,003 | |
T-Gaia | 30,550 | 364,312 | |
TOA ROAD | 600 | 25,339 | |
Tochigi Bank | 15,400 | 29,057 | |
Toell | 2,500 | 16,989 | |
Tokio Marine Holdings | 7,400 | 431,030 | |
Transcosmos | 6,000 | 154,113 | |
Trend Micro | 11,000 | 536,704 | |
Trusco Nakayama | 7,600 | 96,120 | |
Tsubakimoto Chain | 4,600 | 102,897 | |
TV Asahi Holdings | 7,100 | 77,342 | |
Uchida Yoko | 1,100 | 40,699 | |
Unitika † | 9,900 | 16,928 | |
Vector | 10,400 | 74,045 | |
VINX | 2,800 | 25,610 | |
Warabeya Nichiyo Holdings | 2,600 | 33,899 | |
Wowow | 2,000 | 22,170 | |
YAMADA Consulting Group | 1,600 | 12,936 | |
Yamaichi Electronics | 4,000 | 49,823 | |
Yushin Precision Equipment | 6,700 | 34,468 | |
Zenrin | 8,800 | 59,864 | |
91,158,486 | |||
Luxembourg − 0.34% | |||
Eurofins Scientific | 32,879 | 2,586,923 | |
2,586,923 | |||
Malaysia − 0.13% | |||
Hap Seng Plantations Holdings | 6,900 | 3,601 | |
Hong Leong Financial Group | 60,700 | 254,781 | |
IOI Properties Group Bhd | 82,200 | 18,650 | |
Kuala Lumpur Kepong | 67,300 | 335,011 | |
Lingkaran Trans Kota Holdings Bhd | 42,600 | 46,394 | |
Magni-Tech Industries | 37,800 | 16,381 |
NQ-OPTIE [6/22] 8/22 (2351746) 5
Schedule of investments
Optimum International Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Malaysia (continued) | |||
Sarawak Oil Palms Bhd | 44,600 | $ 40,578 | |
Sime Darby | 258,000 | 124,683 | |
Ta Ann Holdings | 130,900 | 118,203 | |
United Plantations | 6,700 | 21,282 | |
979,564 | |||
Mexico − 0.34% | |||
Alpek | 418,701 | 576,327 | |
Arca Continental | 4,138 | 27,292 | |
Grupo Financiero Inbursa Class O † | 198,588 | 317,788 | |
Ternium ADR | 47,180 | 1,702,726 | |
2,624,133 | |||
Netherlands − 5.11% | |||
Adyen † | 3,669 | 5,336,761 | |
ASML Holding | 14,710 | 7,027,085 | |
Brunel International | 4,916 | 53,475 | |
EXOR | 18,562 | 1,157,008 | |
IMCD | 65,660 | 9,010,459 | |
NN Group | 46,124 | 2,094,867 | |
Randstad | 57,547 | 2,786,155 | |
TKH Group CVA | 1,206 | 45,599 | |
Topicus.com † | 71,884 | 4,056,040 | |
Van Lanschot Kempen CVA | 1,316 | 30,685 | |
Wolters Kluwer | 78,320 | 7,596,903 | |
39,195,037 | |||
New Zealand − 0.00% | |||
Channel Infrastructure NZ † | 20,418 | 14,665 | |
NZME | 26,652 | 21,156 | |
35,821 | |||
Norway − 1.24% | |||
Aker Carbon Capture † | 2,179,924 | 3,671,679 | |
Equinor | 163,070 | 5,671,201 | |
Kongsberg Gruppen | 3,616 | 129,592 | |
Western Bulk Chartering | 8,266 | 36,674 | |
9,509,146 | |||
Panama − 0.43% | |||
Copa Holdings Class A † | 52,758 | 3,343,274 | |
3,343,274 | |||
Philippines − 0.01% | |||
Ginebra San Miguel | 33,690 | 60,046 | |
60,046 | |||
Poland − 0.64% | |||
Asseco Poland | 25,982 | 437,729 | |
Bank Handlowy w Warszawie | 6,409 | 80,374 | |
Bank Millennium † | 100,051 | 86,758 | |
Bank Polska Kasa Opieki | 49,578 | 902,082 | |
Budimex | 941 | 48,295 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Poland (continued) | |||
Grupa Azoty † | 26,566 | $ 266,644 | |
Grupa Lotos | 5,149 | 78,957 | |
ING Bank Slaski | 956 | 36,351 | |
LiveChat Software | 806 | 17,716 | |
mBank † | 8,403 | 421,144 | |
PGE Polska Grupa Energetyczna † | 72,911 | 173,354 | |
Polskie Gornictwo Naftowe i Gazownictwo | 196,336 | 250,250 | |
Powszechny Zaklad Ubezpieczen | 319,276 | 2,135,916 | |
4,935,570 | |||
Republic of Korea − 4.76% | |||
BNK Financial Group | 55,107 | 284,787 | |
Coupang † | 237,460 | 3,027,615 | |
Creas F&C | 894 | 23,238 | |
Crown Confectionery | 1,504 | 9,800 | |
DGB Financial Group | 8,243 | 48,313 | |
e-Credible | 971 | 12,825 | |
Hana Financial Group | 9,782 | 296,458 | |
Handsome | 3,352 | 79,256 | |
Hyundai Engineering & Construction | 53,181 | 1,693,649 | |
Hyundai Marine & Fire Insurance | 7,199 | 171,603 | |
JB Financial Group | 46,074 | 260,816 | |
KB Financial Group | 79,118 | 2,934,020 | |
Keyang Electric Machinery | 9,000 | 24,850 | |
KT | 144,489 | 4,056,242 | |
KT ADR | 210,130 | 2,933,415 | |
LG Electronics | 30,003 | 2,040,407 | |
LX Semicon | 4,179 | 308,340 | |
POSCO Holdings | 6,094 | 1,081,845 | |
Sambo Corrugated Board | 3,798 | 27,496 | |
Samsung Card | 13,434 | 315,571 | |
Samsung Electronics | 214,459 | 9,414,790 | |
Sangsangin | 14,436 | 94,839 | |
SeAH Holdings | 322 | 23,832 | |
SGC e Tec E&C | 532 | 18,377 | |
Shinhan Financial Group | 233,517 | 6,663,436 | |
SIMMTECH HOLDINGS | 14,030 | 41,656 | |
Woori Financial Group | 66,908 | 623,526 | |
36,511,002 | |||
Russia − 0.00% | |||
Magnit PJSC GDR = | 161,296 | 0 | |
MMC Norilsk Nickel PJSC ADR = | 100,954 | 0 | |
0 | |||
Singapore − 0.03% | |||
Geo Energy Resources | 121,400 | 31,895 | |
Riverstone Holdings | 143,000 | 76,168 |
6 NQ-OPTIE [6/22] 8/22 (2351746)
(Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Singapore (continued) | |||
Samudera Shipping Line | 237,400 | $ 129,012 | |
237,075 | |||
South Africa − 1.53% | |||
AECI | 18,805 | 110,319 | |
African Rainbow Minerals | 1,375 | 18,065 | |
Anglo American | 149,629 | 5,349,551 | |
Discovery † | 730,810 | 5,754,392 | |
Omnia Holdings | 7,530 | 33,635 | |
Sappi † | 87,489 | 289,645 | |
Thungela Resources | 13,260 | 187,886 | |
11,743,493 | |||
Spain − 0.90% | |||
Amadeus IT Group † | 116,611 | 6,496,285 | |
Laboratorios Farmaceuticos Rovi | 7,439 | 455,269 | |
6,951,554 | |||
Sweden − 1.88% | |||
Atlas Copco | 861,810 | 7,206,357 | |
Careium † | 276 | 340 | |
Doro † | 416 | 740 | |
Epiroc Class B | 430,277 | 5,812,877 | |
Getinge Class B | 61,042 | 1,410,624 | |
Instalco | 115 | 475 | |
Paradox Interactive | 4 | 70 | |
14,431,483 | |||
Switzerland − 7.27% | |||
Cie Financiere Richemont | 67,698 | 7,208,403 | |
Comet Holding | 415 | 65,381 | |
Huber + Suhner | 2,665 | 212,720 | |
Kuehne + Nagel International | 45,654 | 10,807,944 | |
Leonteq | 1,259 | 69,897 | |
Nestle | 105,706 | 12,339,472 | |
Novartis | 8,112 | 687,011 | |
Roche Holding | 33,023 | 11,019,197 | |
Sonova Holding | 17,000 | 5,413,502 | |
Straumann Holding | 26,260 | 3,153,731 | |
Temenos | 33,084 | 2,828,593 | |
Wizz Air Holdings † | 60,734 | 1,296,758 | |
Zehnder Group | 11,237 | 665,051 | |
55,767,660 | |||
Taiwan − 5.91% | |||
Acer | 1,324,000 | 966,277 | |
Asustek Computer | 445,000 | 4,647,031 | |
C Sun Manufacturing | 30,085 | 44,014 | |
Chicony Electronics | 79,000 | 196,879 | |
ChipMOS Technologies | 1,331,000 | 1,654,042 | |
CTBC Financial Holding | 1,799,000 | 1,518,654 | |
Evergreen Marine Taiwan | 873,000 | 2,483,926 | |
Everlight Electronics | 59,000 | 81,852 |
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Taiwan (continued) | |||
Formosan Rubber Group | 56,000 | $ 39,740 | |
Fubon Financial Holding | 369,148 | 742,430 | |
General Interface Solution Holding | 91,000 | 234,130 | |
Gigabyte Technology | 8,000 | 23,865 | |
Greatek Electronics | 11,000 | 23,085 | |
Hon Hai Precision Industry | 1,195,000 | 4,380,749 | |
Lite-On Technology | 885,000 | 1,723,359 | |
Nanya Technology | 17,000 | 28,244 | |
Novatek Microelectronics | 260,000 | 2,640,792 | |
Pou Chen | 712,000 | 706,409 | |
Powertech Technology | 151,000 | 445,888 | |
Radiant Opto-Electronics | 19,000 | 55,466 | |
Realtek Semiconductor | 149,000 | 1,819,059 | |
Sea ADR † | 32,601 | 2,179,703 | |
Silicon Motion Technology ADR | 24,012 | 2,009,804 | |
Taishin Financial Holding | 1,971,000 | 1,080,509 | |
Taiwan Semiconductor Manufacturing | 880,000 | 14,087,814 | |
Topco Scientific | 5,000 | 23,206 | |
Unitech Computer | 40,000 | 42,511 | |
Yuanta Financial Holding | 2,216,080 | 1,468,269 | |
45,347,707 | |||
Thailand − 1.17% | |||
Advanced Information Technology NVDR | 276,200 | 46,483 | |
Bangkok Bank NVDR | 888,500 | 3,342,399 | |
Electricity Generating PCL | 54,000 | 269,580 | |
Haad Thip PCL NVDR | 28,200 | 23,330 | |
Krung Thai Bank NVDR | 1,486,730 | 651,798 | |
MK Restaurants Group PCL | 37,000 | 54,681 | |
PTT Exploration & Production NVDR | 50,500 | 227,825 | |
PTT Global Chemical NVDR | 77,600 | 99,867 | |
PTT NVDR | 3,854,100 | 3,706,389 | |
Ratch Group PCL | 362,100 | 391,750 | |
S Kijchai Enterprise PCL Class R, NVDR | 127,600 | 24,181 | |
Somboon Advance Technology NVDR | 176,900 | 91,064 | |
Univanich Palm Oil PCL NVDR | 88,500 | 19,400 | |
8,948,747 | |||
Turkey − 0.04% | |||
Torunlar Gayrimenkul Yatirim Ortakligi † | 514,525 | 249,074 | |
Yapi ve Kredi Bankasi | 191,094 | 49,573 | |
298,647 |
NQ-OPTIE [6/22] 8/22 (2351746) 7
Schedule of investments
Optimum International Fund (Unaudited)
Number of shares | Value (US $) | ||
Common StocksΔ (continued) | |||
Ukraine − 0.15% | |||
Ferrexpo | 709,394 | $ 1,125,200 | |
1,125,200 | |||
United Arab Emirates − 0.12% | |||
Dubai Islamic Bank PJSC | 244,953 | 384,125 | |
Emirates NBD Bank PJSC | 143,887 | 517,086 | |
901,211 | |||
United Kingdom − 1.73% | |||
AG Barr | 8,562 | 53,884 | |
Bloomsbury Publishing | 7,978 | 36,759 | |
Experian | 191,269 | 5,601,932 | |
Frasers Group † | 15,284 | 123,818 | |
Gem Diamonds | 5,047 | 2,519 | |
Greggs | 7,101 | 156,284 | |
Howden Joinery Group | 140,053 | 1,027,352 | |
Indivior † | 330,484 | 1,243,906 | |
Investec | 312,725 | 1,680,041 | |
Just Eat Takeaway.com † | 31,006 | 487,194 | |
Man Group | 188,536 | 573,303 | |
Ninety One | 56,876 | 136,878 | |
Oxford Nanopore Technologies † | 607,188 | 2,043,694 | |
Polar Capital Holdings | 20,918 | 129,864 | |
13,297,428 | |||
United States − 2.99% | |||
Atlassian Class A † | 19,355 | 3,627,127 | |
GSK | 115,147 | 2,474,814 | |
GSK ADR | 122,521 | 5,333,339 | |
James Hardie Industries CDI | 148,317 | 3,252,480 | |
Jasper Infotech =, †, π | 225,780 | 292,838 | |
Jasper Infotech Series G =, †, π | 74,730 | 96,925 | |
JBS | 725,900 | 4,389,979 | |
Sims | 84,858 | 803,039 | |
Spotify Technology † | 28,553 | 2,679,128 | |
Viemed Healthcare † | 6,348 | 34,324 | |
22,983,993 | |||
Total Common Stocks (cost $936,696,937) | 745,824,335 | ||
Preferred Stocks – 1.32%Δ | |||
Brazil − 1.04% | |||
Braskem Class A 24.83% ω | 184,316 | 1,310,141 | |
Cia Paranaense de Energia 16.97% ω | 826,300 | 1,079,955 | |
Petroleo Brasileiro 28.52% ω | 1,049,200 | 5,597,391 | |
7,987,487 | |||
Germany − 0.28% | |||
Schaeffler 3.56% ω | 39,145 | 221,519 | |
Villeroy & Boch 6.33% ω | 733 | 13,327 |
Number of shares | Value (US $) | ||
Preferred StocksΔ (continued) | |||
Germany (continued) | |||
Volkswagen 4.17% ω | 14,179 | $ 1,893,319 | |
2,128,165 | |||
Total Preferred Stocks (cost $10,717,978) | 10,115,652 | ||
Rights – 0.00% | |||
Taiwan − 0.00% | |||
Taishin Financial Holding =, † | 38,744 | 0 | |
Total Rights (cost $0) | 0 | ||
Short-Term Investments – 0.73% | |||
Money Market Mutual Funds – 0.73% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 1.32%) | 1,399,789 | 1,399,789 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 1.21%) | 1,399,788 | 1,399,788 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 1.39%) | 1,399,789 | 1,399,789 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 1.34%) | 1,399,788 | 1,399,788 | |
Total Short-Term Investments (cost $5,599,154) | 5,599,154 | ||
Total Value of Securities−99.22% (cost $953,014,069) | 761,539,141 | ||
Receivables and Other Assets Net of Liabilities — 0.78% | 5,971,177 |
Net Assets Applicable to 73,884,415 Shares Outstanding — 100.00% | $767,510,318 |
Δ | Securities have been classified by country of risk. |
† | Non-income producing security. |
= | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the disclosure table located in Note 3 in “Notes to financial statements.” |
8 NQ-OPTIE [6/22] 8/22 (2351746)
(Unaudited)
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 June 30, 2022, the aggregate value of restricted securities was $389,763 which represented percentage of 0.05% of the Fund’s net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities. |
ω | Perpetual security with no stated maturity date. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
Jasper Infotech | 5/7/14 | $999,482 | $292,838 | |||
Jasper Infotech Series G | 10/29/14 | 396,443 | 96,925 | |||
Total | $1,395,925 | $389,763 |
The following foreign currency exchange contracts were outstanding at June 30, 2022:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BNYM | GBP | (48,408) | USD | 58,678 | 7/1/22 | $— | $(250) | |||||
BNYM | ILS | (20,130) | USD | 5,820 | 7/1/22 | 56 | — | |||||
BNYM | JPY | (25,892,971) | USD | 189,568 | 7/1/22 | — | (1,280) | |||||
JPMCB | AUD | (2,662,877) | USD | 1,830,275 | 7/1/22 | — | (7,779) | |||||
Total Foreign Currency Exchange Contracts | $56 | $(9,309) |
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 contracts presented above represent 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 |
CDI – CHESS Depositary Interest |
CVA – Certified Dutch Certificate |
GDR – Global Depositary Receipt |
GS – Goldman Sachs |
JPMCB – JPMorgan Chase Bank |
NVDR – Non-Voting Depositary Receipt |
PJSC – Private Joint Stock Company |
Summary of currencies: |
AUD – Australian Dollar |
GBP – British Pound Sterling |
ILS – Israeli New Shekel |
JPY – Japanese Yen |
TWD – New Taiwan Dollar |
USD – US Dollar |
NQ-OPTIE [6/22] 8/22 (2351746) 9