Schedule of investments
Optimum Small-Mid Cap Growth Fund
June 30, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 96.59%♦ | |||
Communication Services — 2.30% | |||
Bumble Class A † | 201,989 | $ 5,685,990 | |
Endeavor Group Holdings Class A † | 181,125 | 3,723,930 | |
Lions Gate Entertainment Class B † | 112,546 | 993,781 | |
ZoomInfo Technologies † | 110,156 | 3,661,586 | |
14,065,287 | |||
Consumer Discretionary — 9.99% | |||
Academy Sports & Outdoors | 64,656 | 2,297,874 | |
American Eagle Outfitters | 149,874 | 1,675,591 | |
Boot Barn Holdings † | 35,558 | 2,450,302 | |
Burlington Stores † | 13,092 | 1,783,523 | |
Callaway Golf † | 111,323 | 2,270,989 | |
Chewy Class A † | 44,968 | 1,561,289 | |
Churchill Downs | 21,543 | 4,126,131 | |
Deckers Outdoor † | 8,351 | 2,132,428 | |
Duolingo † | 32,020 | 2,803,351 | |
Five Below † | 14,367 | 1,629,649 | |
Fox Factory Holding † | 24,867 | 2,002,788 | |
Hyatt Hotels Class A † | 48,657 | 3,596,239 | |
International Game Technology | 195,719 | 3,632,545 | |
Mattel † | 268,503 | 5,995,672 | |
Monro | 28,395 | 1,217,578 | |
Ollie's Bargain Outlet Holdings † | 108,556 | 6,377,665 | |
Papa John's International | 29,756 | 2,485,221 | |
Planet Fitness Class A † | 55,961 | 3,805,908 | |
Skyline Champion † | 52,125 | 2,471,767 | |
Sonos † | 95,285 | 1,718,941 | |
Visteon † | 47,842 | 4,955,474 | |
60,990,925 | |||
Consumer Staples — 6.32% | |||
BJ's Wholesale Club Holdings † | 24,017 | 1,496,739 | |
Celsius Holdings † | 86,144 | 5,621,757 | |
elf Beauty † | 170,767 | 5,239,132 | |
Grocery Outlet Holding † | 153,622 | 6,548,906 | |
Hostess Brands † | 253,881 | 5,384,816 | |
Lamb Weston Holdings | 47,733 | 3,411,000 | |
Performance Food Group † | 73,592 | 3,383,760 | |
Simply Good Foods † | 198,814 | 7,509,205 | |
38,595,315 | |||
Energy — 2.74% | |||
Callon Petroleum † | 51,222 | 2,007,903 | |
Matador Resources | 143,221 | 6,672,666 | |
Range Resources † | 254,107 | 6,289,148 | |
Ranger Oil Class A † | 53,296 | 1,751,840 | |
16,721,557 | |||
Financials — 6.06% | |||
BRP Group Class A † | 143,713 | 3,470,669 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Financials (continued) | |||
Essent Group | 74,991 | $ 2,917,150 | |
Evercore Class A | 21,992 | 2,058,671 | |
Focus Financial Partners Class A † | 53,035 | 1,806,372 | |
Goosehead Insurance Class A | 44,360 | 2,025,921 | |
Kinsale Capital Group | 20,241 | 4,648,143 | |
Open Lending Class A † | 56,410 | 577,075 | |
Palomar Holdings † | 48,810 | 3,143,364 | |
Ryan Specialty Holdings Class A † | 90,233 | 3,536,231 | |
Stifel Financial | 59,963 | 3,359,127 | |
Tradeweb Markets Class A | 67,067 | 4,577,323 | |
Triumph Bancorp † | 47,627 | 2,979,545 | |
Virtu Financial Class A | 81,171 | 1,900,213 | |
36,999,804 | |||
Healthcare — 27.03% | |||
Acadia Healthcare † | 95,444 | 6,454,878 | |
Adaptive Biotechnologies † | 76,112 | 615,746 | |
Allscripts Healthcare Solutions † | 151,848 | 2,251,906 | |
Amicus Therapeutics † | 181,088 | 1,944,885 | |
AMN Healthcare Services † | 31,732 | 3,481,318 | |
AtriCure † | 67,787 | 2,769,777 | |
Avantor † | 144,758 | 4,501,974 | |
Avid Bioservices † | 113,546 | 1,732,712 | |
Axonics † | 129,398 | 7,332,985 | |
Axsome Therapeutics † | 32,268 | 1,235,864 | |
Azenta | 29,604 | 2,134,448 | |
BioLife Solutions † | 73,215 | 1,011,099 | |
Blueprint Medicines † | 30,799 | 1,555,657 | |
Cerus † | 340,947 | 1,803,610 | |
CONMED | 31,713 | 3,036,837 | |
Cytokinetics † | 78,120 | 3,069,335 | |
Envista Holdings † | 83,406 | 3,214,467 | |
Evolent Health Class A † | 479,661 | 14,730,389 | |
Haemonetics † | 44,789 | 2,919,347 | |
Halozyme Therapeutics † | 55,519 | 2,442,836 | |
HealthEquity † | 46,187 | 2,835,420 | |
Horizon Therapeutics † | 56,303 | 4,490,727 | |
ICON † | 27,111 | 5,874,954 | |
Inari Medical † | 61,461 | 4,178,733 | |
Insmed † | 76,459 | 1,507,771 | |
Inspire Medical Systems † | 30,340 | 5,542,208 | |
Intra-Cellular Therapies † | 72,956 | 4,164,328 | |
Ionis Pharmaceuticals † | 30,353 | 1,123,668 | |
Iovance Biotherapeutics † | 59,563 | 657,576 | |
iRhythm Technologies † | 16,075 | 1,736,582 | |
Jazz Pharmaceuticals † | 45,010 | 7,022,010 | |
Maravai LifeSciences Holdings Class A † | 146,920 | 4,173,997 | |
Molina Healthcare † | 22,757 | 6,363,085 | |
Neurocrine Biosciences † | 21,473 | 2,093,188 |
NQ-OPTSG [6/22] 8/22 (2351785) 1
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Healthcare (continued) | |||
Novocure † | 9,998 | $ 694,861 | |
Oak Street Health † | 59,895 | 984,674 | |
Omnicell † | 35,042 | 3,986,027 | |
Option Care Health † | 284,644 | 7,910,257 | |
Pacira BioSciences † | 30,335 | 1,768,530 | |
Phreesia † | 76,032 | 1,901,560 | |
Privia Health Group † | 68,126 | 1,983,829 | |
Sarepta Therapeutics † | 22,555 | 1,690,723 | |
Shockwave Medical † | 18,071 | 3,454,633 | |
Silk Road Medical † | 98,940 | 3,600,427 | |
Syneos Health † | 65,932 | 4,726,006 | |
Ultragenyx Pharmaceutical † | 29,454 | 1,757,226 | |
United Therapeutics † | 30,487 | 7,183,957 | |
US Physical Therapy | 24,045 | 2,625,714 | |
ViewRay † | 296,790 | 786,494 | |
165,059,235 | |||
Industrials — 18.40% | |||
A O Smith | 19,978 | 1,092,397 | |
Advanced Drainage Systems | 29,925 | 2,695,345 | |
AECOM | 108,230 | 7,058,761 | |
ASGN † | 44,718 | 4,035,800 | |
Atkore † | 24,515 | 2,034,990 | |
AZEK † | 83,265 | 1,393,856 | |
Boise Cascade | 30,896 | 1,838,003 | |
Chart Industries † | 44,832 | 7,503,980 | |
Clarivate † | 119,448 | 1,655,549 | |
Core & Main Class A † | 117,071 | 2,610,683 | |
Driven Brands Holdings † | 96,004 | 2,643,950 | |
Dycom Industries † | 58,376 | 5,431,303 | |
FTI Consulting † | 19,591 | 3,543,032 | |
GXO Logistics † | 39,204 | 1,696,357 | |
Hayward Holdings † | 161,493 | 2,323,884 | |
Herc Holdings | 30,232 | 2,725,415 | |
Hubbell | 23,260 | 4,153,771 | |
IAA † | 38,353 | 1,256,828 | |
ICF International | 37,259 | 3,539,605 | |
KAR Auction Services † | 103,222 | 1,524,589 | |
KBR | 84,112 | 4,070,180 | |
Knight-Swift Transportation Holdings | 52,762 | 2,442,353 | |
Korn Ferry | 29,814 | 1,729,808 | |
Kratos Defense & Security Solutions † | 123,746 | 1,717,595 | |
Masonite International † | 35,104 | 2,697,040 | |
Mercury Systems † | 153,052 | 9,845,835 | |
PGT Innovations † | 94,602 | 1,574,177 | |
Quanta Services | 59,921 | 7,510,498 | |
Schneider National Class B | 97,782 | 2,188,361 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Industrials (continued) | |||
Shoals Technologies Group Class A † | 149,477 | $ 2,463,381 | |
SPX † | 57,050 | 3,014,522 | |
Sterling Check † | 122,445 | 1,997,078 | |
Sun Country Airlines Holdings † | 91,170 | 1,672,058 | |
Vicor † | 28,021 | 1,533,589 | |
Wabash National | 126,196 | 1,713,742 | |
WillScot Mobile Mini Holdings † | 167,118 | 5,417,966 | |
112,346,281 | |||
Information Technology — 20.35% | |||
Arista Networks † | 16,644 | 1,560,209 | |
Bill.com Holdings † | 12,837 | 1,411,300 | |
Black Knight † | 63,273 | 4,137,421 | |
Box Class A † | 154,096 | 3,873,973 | |
Ciena † | 90,541 | 4,137,724 | |
CyberArk Software † | 21,443 | 2,743,846 | |
DoubleVerify Holdings † | 81,042 | 1,837,222 | |
Enphase Energy † | 39,392 | 7,690,894 | |
Entegris | 35,222 | 3,245,003 | |
Evo Payments Class A † | 104,645 | 2,461,250 | |
Flywire † | 143,193 | 2,524,493 | |
FormFactor † | 43,850 | 1,698,311 | |
Gitlab Class A † | 90,644 | 4,816,822 | |
Itron † | 31,510 | 1,557,539 | |
Jamf Holding † | 101,997 | 2,526,466 | |
LiveRamp Holdings † | 89,137 | 2,300,626 | |
Lumentum Holdings † | 41,978 | 3,333,893 | |
Manhattan Associates † | 47,623 | 5,457,596 | |
Marqeta Class A † | 453,695 | 3,679,466 | |
MongoDB † | 14,307 | 3,712,667 | |
Monolithic Power Systems | 6,975 | 2,678,679 | |
Nutanix Class A † | 109,300 | 1,599,059 | |
Onto Innovation † | 36,930 | 2,575,498 | |
PagerDuty † | 112,109 | 2,778,061 | |
PAR Technology † | 52,062 | 1,951,804 | |
Paylocity Holding † | 19,085 | 3,328,806 | |
PTC † | 40,094 | 4,263,596 | |
Pure Storage Class A † | 124,081 | 3,190,123 | |
Qualtrics International Class A † | 175,132 | 2,190,901 | |
Silicon Motion Technology ADR | 29,392 | 2,460,110 | |
SiTime † | 7,856 | 1,280,764 | |
Sprout Social Class A † | 34,113 | 1,980,942 | |
SS&C Technologies Holdings | 74,854 | 4,346,772 | |
Synaptics † | 18,130 | 2,140,247 | |
Tenable Holdings † | 197,689 | 8,977,057 | |
Teradyne | 23,157 | 2,073,709 | |
Verra Mobility † | 181,947 | 2,858,387 | |
WEX † | 14,493 | 2,254,531 | |
Wolfspeed † | 53,253 | 3,378,903 |
2 NQ-OPTSG [6/22] 8/22 (2351785)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Information Technology (continued) | |||
Zendesk † | 22,831 | $ 1,691,092 | |
Zuora Class A † | 176,486 | 1,579,550 | |
124,285,312 | |||
Materials — 2.98% | |||
Element Solutions | 214,570 | 3,819,346 | |
FMC | 29,508 | 3,157,651 | |
O-I Glass † | 206,926 | 2,896,964 | |
Orion Engineered Carbons † | 185,585 | 2,882,135 | |
Sealed Air | 55,320 | 3,193,071 | |
Steel Dynamics | 33,861 | 2,239,905 | |
18,189,072 | |||
Real Estate — 0.42% | |||
Compass Class A † | 169,122 | 610,530 | |
Ryman Hospitality Properties † | 25,349 | 1,927,285 | |
2,537,815 | |||
Total Common Stocks (cost $647,093,938) | 589,790,603 | ||
Convertible Preferred Stock — 0.01% | |||
Honest Series D =, †, π | 15,249 | 94,124 | |
Total Convertible Preferred Stock (cost $697,718) | 94,124 | ||
Warrant — 0.00% | |||
DraftKings strike price $25, expiration date 4/23/25 =, † | 399 | 0 | |
Total Warrant (cost $0) | 0 | ||
Short-Term Investments — 3.33% | |||
Money Market Mutual Funds — 3.33% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 1.32%) | 5,077,123 | 5,077,123 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 1.21%) | 5,077,124 | 5,077,124 | |
GS Financial Square Government Fund – Institutional Shares (seven-day effective yield 1.39%) | 5,077,124 | 5,077,124 |
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 1.34%) | 5,077,124 | $ 5,077,124 | |
Total Short-Term Investments (cost $20,308,495) | 20,308,495 | ||
Total Value of Securities—99.93% (cost $668,100,151) | 610,193,222 | ||
Receivables and Other Assets Net of Liabilities—0.07% | 428,244 | ||
Net Assets Applicable to 52,321,350 Shares Outstanding—100.00% | $610,621,466 |
♦ | 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 June 30, 2022, the aggregate value of restricted securities was $94,124, which represented 0.01% of the Fund’s net assets. See Note 10 in “Notes to financial statements” and the following table, for additional details on restricted securities. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
Honest Series D | 8/3/15 | $697,718 | $94,124 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
GS – Goldman Sachs |
NQ-OPTSG [6/22] 8/22 (2351785) 3