Schedule of investments
Optimum Small-Mid Cap Value Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.51% | |||
Communication Services — 6.14% | |||
AMC Networks Class A † | 30,800 | $ 482,636 | |
Audacy † | 206,300 | 46,438 | |
Gray Television | 65,200 | 729,588 | |
John Wiley & Sons Class A | 185,419 | 7,427,885 | |
Lumen Technologies | 150,400 | 785,088 | |
Nexstar Media Group | 98,937 | 17,316,943 | |
Paramount Global Class B | 37,200 | 627,936 | |
Ziff Davis † | 135,183 | 10,692,976 | |
38,109,490 | |||
Consumer Discretionary — 11.29% | |||
Aaron's | 45,700 | 546,115 | |
American Axle & Manufacturing Holdings † | 114,200 | 893,044 | |
Bloomin' Brands | 74,100 | 1,490,892 | |
BorgWarner | 41,200 | 1,658,300 | |
Brunswick | 21,300 | 1,535,304 | |
Capri Holdings † | 15,000 | 859,800 | |
Dick's Sporting Goods | 17,900 | 2,153,191 | |
Foot Locker | 48,800 | 1,844,152 | |
Goodyear Tire & Rubber † | 70,000 | 710,500 | |
Guess? | 47,500 | 982,775 | |
H&R Block | 40,400 | 1,475,004 | |
Harley-Davidson | 43,800 | 1,822,080 | |
Haverty Furniture | 43,900 | 1,312,610 | |
Helen of Troy † | 25,416 | 2,818,888 | |
Kohl's | 47,900 | 1,209,475 | |
Lear | 8,300 | 1,029,366 | |
Leslie's † | 354,770 | 4,331,742 | |
Lithia Motors | 36,601 | 7,493,689 | |
Macy's | 73,400 | 1,515,710 | |
Malibu Boats Class A † | 19,500 | 1,039,350 | |
MDC Holdings | 54,648 | 1,726,877 | |
Modine Manufacturing † | 76,800 | 1,525,248 | |
Mohawk Industries † | 13,600 | 1,390,192 | |
Nordstrom | 28,400 | 458,376 | |
ODP † | 29,100 | 1,325,214 | |
Penske Automotive Group | 28,619 | 3,289,181 | |
PulteGroup | 53,000 | 2,413,090 | |
PVH | 23,100 | 1,630,629 | |
Qurate Retail Series A † | 97,500 | 158,925 | |
Sally Beauty Holdings † | 65,000 | 813,800 | |
Shoe Carnival | 400 | 9,564 | |
Sleep Number † | 14,600 | 379,308 | |
Smith & Wesson Brands | 67,800 | 588,504 | |
Sonic Automotive Class A | 29,600 | 1,458,392 | |
Tapestry | 37,600 | 1,431,808 | |
Thor Industries | 14,900 | 1,124,801 | |
Toll Brothers | 49,500 | 2,471,040 | |
Travel + Leisure | 12,500 | 455,000 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Tupperware Brands † | 116,100 | $ 480,654 | |
Victoria's Secret & Co. † | 171,196 | 6,125,393 | |
Whirlpool | 21,600 | 3,055,536 | |
Winnebago Industries | 19,400 | 1,022,380 | |
70,055,899 | |||
Consumer Staples — 4.50% | |||
Bunge | 15,200 | 1,516,504 | |
Conagra Brands | 48,100 | 1,861,470 | |
Energizer Holdings | 32,000 | 1,073,600 | |
Herbalife Nutrition † | 35,500 | 528,240 | |
Ingles Markets Class A | 28,500 | 2,749,110 | |
Ingredion | 30,700 | 3,006,451 | |
J M Smucker | 7,300 | 1,156,758 | |
Molson Coors Beverage Class B | 82,900 | 4,271,008 | |
Nu Skin Enterprises Class A | 16,800 | 708,288 | |
Pilgrim's Pride † | 4,100 | 97,293 | |
Spectrum Brands Holdings | 116,356 | 7,088,408 | |
Sprouts Farmers Market † | 92,100 | 2,981,277 | |
Weis Markets | 10,470 | 861,576 | |
27,899,983 | |||
Energy — 6.22% | |||
APA | 51,700 | 2,413,356 | |
Arch Resources | 6,700 | 956,693 | |
CNX Resources † | 59,500 | 1,001,980 | |
DT Midstream | 175,024 | 9,671,826 | |
HF Sinclair | 68,100 | 3,533,709 | |
Magnolia Oil & Gas Class A | 346,536 | 8,126,269 | |
Marathon Oil | 139,800 | 3,784,386 | |
PDC Energy | 42,600 | 2,704,248 | |
SFL | 97,100 | 895,262 | |
Viper Energy Partners | 138,553 | 4,404,600 | |
World Fuel Services | 39,900 | 1,090,467 | |
38,582,796 | |||
Financials — 18.89% | |||
Affiliated Managers Group | 9,500 | 1,505,085 | |
Ally Financial | 91,200 | 2,229,840 | |
American Financial Group | 16,900 | 2,320,032 | |
Annaly Capital Management | 52,450 | 1,105,646 | |
Apollo Commercial Real Estate Finance | 77,600 | 834,976 | |
Ares Capital | 85,300 | 1,575,491 | |
Associated Banc-Corp | 121,500 | 2,805,435 | |
B Riley Financial | 15,900 | 543,780 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 970,380 | |
BGC Partners Class A | 1,345,343 | 5,071,943 | |
Cathay General Bancorp | 47,800 | 1,949,762 | |
Citizens Financial Group | 46,800 | 1,842,516 |
NQ-OPTSV [12/22] 2/23 (2747699) 1
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
CNA Financial | 40,395 | $ 1,707,901 | |
CNO Financial Group | 144,200 | 3,294,970 | |
Columbia Banking System | 214,767 | 6,470,930 | |
Comerica | 34,700 | 2,319,695 | |
Customers Bancorp † | 35,600 | 1,008,904 | |
Donnelley Financial Solutions † | 27,300 | 1,055,145 | |
Equitable Holdings | 68,200 | 1,957,340 | |
Essent Group | 26,800 | 1,041,984 | |
Everest Re Group | 6,300 | 2,087,001 | |
F&G Annuities & Life † | 3,502 | 70,075 | |
Federal Agricultural Mortgage Class C | 1,852 | 208,739 | |
Fidelity National Financial | 51,500 | 1,937,430 | |
First American Financial | 38,200 | 1,999,388 | |
First BanCorp | 89,200 | 1,134,624 | |
First Busey | 74,400 | 1,839,168 | |
First Merchants | 155,357 | 6,386,726 | |
FS KKR Capital | 57,750 | 1,010,625 | |
Hancock Whitney | 31,300 | 1,514,607 | |
Hanmi Financial | 56,800 | 1,405,800 | |
HomeStreet | 39,900 | 1,100,442 | |
Hope Bancorp | 122,400 | 1,567,944 | |
Jefferies Financial Group | 77,400 | 2,653,272 | |
Lazard Class A | 37,700 | 1,307,059 | |
Lincoln National | 33,300 | 1,022,976 | |
MGIC Investment | 107,200 | 1,393,600 | |
New Mountain Finance | 95,300 | 1,178,861 | |
Oaktree Specialty Lending | 4,294 | 29,500 | |
OFG Bancorp | 80,900 | 2,229,604 | |
OneMain Holdings | 34,600 | 1,152,526 | |
Pacific Premier Bancorp | 145,856 | 4,603,215 | |
PacWest Bancorp | 396,737 | 9,105,114 | |
Radian Group | 69,500 | 1,325,365 | |
Redwood Trust | 119,100 | 805,116 | |
Regions Financial | 179,100 | 3,861,396 | |
Reinsurance Group of America | 8,200 | 1,165,138 | |
Rithm Capital | 131,300 | 1,072,721 | |
Starwood Property Trust | 440,948 | 8,082,577 | |
Synovus Financial | 55,900 | 2,099,045 | |
Universal Insurance Holdings | 41,300 | 437,367 | |
Unum Group | 75,700 | 3,105,971 | |
Victory Capital Holdings Class A | 39,300 | 1,054,419 | |
Voya Financial | 25,200 | 1,549,548 | |
Zions Bancorp | 83,200 | 4,090,112 | |
117,198,826 | |||
Healthcare — 4.91% | |||
DaVita † | 26,200 | 1,956,354 | |
Enovis † | 108,234 | 5,792,684 | |
Exelixis † | 84,300 | 1,352,172 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Innoviva † | 62,600 | $ 829,450 | |
Ironwood Pharmaceuticals † | 167,200 | 2,071,608 | |
Jazz Pharmaceuticals † | 26,870 | 4,280,660 | |
LivaNova † | 64,083 | 3,559,170 | |
Quest Diagnostics | 11,600 | 1,814,704 | |
Select Medical Holdings | 94,175 | 2,338,365 | |
United Therapeutics † | 11,800 | 3,281,462 | |
Universal Health Services Class B | 22,600 | 3,184,114 | |
30,460,743 | |||
Industrials — 14.33% | |||
ACCO Brands | 146,000 | 816,140 | |
Acuity Brands | 13,900 | 2,301,979 | |
AGCO | 42,100 | 5,838,849 | |
Alaska Air Group † | 31,560 | 1,355,186 | |
Allison Transmission Holdings | 55,500 | 2,308,800 | |
Apogee Enterprises | 36,200 | 1,609,452 | |
ArcBest | 27,300 | 1,912,092 | |
Atkore † | 42,100 | 4,774,982 | |
BWX Technologies | 160,802 | 9,339,380 | |
CoreCivic † | 56,200 | 649,672 | |
Covenant Logistics Group | 59,100 | 2,043,087 | |
Crane Holdings | 10,500 | 1,054,725 | |
Deluxe | 29,800 | 506,004 | |
Ennis | 45,800 | 1,014,928 | |
Esab | 107,070 | 5,023,724 | |
GXO Logistics † | 167,517 | 7,151,301 | |
Hawaiian Holdings † | 45,300 | 464,778 | |
Hillenbrand | 31,174 | 1,330,195 | |
Huntington Ingalls Industries | 6,200 | 1,430,216 | |
IAA † | 121,170 | 4,846,800 | |
Kaman | 94,643 | 2,110,539 | |
KAR Auction Services † | 479,630 | 6,259,172 | |
ManpowerGroup | 26,300 | 2,188,423 | |
Moog Class A | 24,000 | 2,106,240 | |
MSC Industrial Direct Class A | 18,200 | 1,486,940 | |
Owens Corning | 35,500 | 3,028,150 | |
Primoris Services | 66,384 | 1,456,465 | |
Quanex Building Products | 54,980 | 1,301,926 | |
REV Group | 37,490 | 473,124 | |
Ryder System | 16,800 | 1,403,976 | |
Snap-on | 9,300 | 2,124,957 | |
Textron | 16,800 | 1,189,440 | |
Timken | 17,600 | 1,243,792 | |
Triton International | 43,700 | 3,005,686 | |
United Airlines Holdings † | 34,400 | 1,296,880 | |
XPO † | 73,845 | 2,458,300 | |
88,906,300 | |||
Information Technology — 10.39% | |||
ACI Worldwide † | 306,440 | 7,048,120 |
2 NQ-OPTSV [12/22] 2/23 (2747699)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Amdocs | 22,500 | $ 2,045,250 | |
Amkor Technology | 102,600 | 2,460,348 | |
Arrow Electronics † | 24,580 | 2,570,331 | |
Aviat Networks † | 17,790 | 554,870 | |
Cirrus Logic † | 10,400 | 774,592 | |
Consensus Cloud Solutions † | 63,122 | 3,393,439 | |
CSG Systems International | 18,200 | 1,041,040 | |
Diodes † | 10,500 | 799,470 | |
Ebix | 33,273 | 664,129 | |
Euronet Worldwide † | 47,498 | 4,482,861 | |
Jabil | 66,100 | 4,508,020 | |
Kimball Electronics † | 74,200 | 1,676,178 | |
Methode Electronics | 30,600 | 1,357,722 | |
NCR † | 37,200 | 870,852 | |
NetApp | 32,700 | 1,963,962 | |
Qorvo † | 19,200 | 1,740,288 | |
Sanmina † | 53,000 | 3,036,370 | |
Seagate Technology Holdings | 17,100 | 899,631 | |
TD SYNNEX | 13,700 | 1,297,527 | |
Teledyne Technologies † | 9,724 | 3,888,725 | |
TTM Technologies † | 84,100 | 1,268,228 | |
Ultra Clean Holdings † | 29,100 | 964,665 | |
Verint Systems † | 242,259 | 8,789,157 | |
Verra Mobility † | 229,104 | 3,168,508 | |
Vishay Precision Group † | 35,910 | 1,387,921 | |
Western Union | 66,100 | 910,197 | |
Xerox Holdings | 61,300 | 894,980 | |
64,457,381 | |||
Materials — 11.88% | |||
Ashland | 91,229 | 9,809,854 | |
Axalta Coating Systems † | 324,710 | 8,270,364 | |
Berry Global Group | 48,200 | 2,912,726 | |
Celanese | 8,900 | 909,936 | |
Chemours | 49,500 | 1,515,690 | |
Eastman Chemical | 19,400 | 1,579,936 | |
FMC | 62,521 | 7,802,621 | |
Greif Class A | 34,400 | 2,306,864 | |
Huntsman | 82,070 | 2,255,283 | |
Koppers Holdings | 48,050 | 1,355,010 | |
Mativ Holdings | 32,700 | 683,430 | |
Mosaic | 63,600 | 2,790,132 | |
O-I Glass † | 59,800 | 990,886 | |
Packaging Corp of America | 8,300 | 1,061,653 | |
Reliance Steel & Aluminum | 17,900 | 3,623,676 | |
Silgan Holdings | 367,277 | 19,039,640 | |
Steel Dynamics | 41,800 | 4,083,860 | |
Trinseo | 22,200 | 504,162 | |
Tronox Holdings | 38,500 | 527,835 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Materials (continued) | |||
Westrock | 48,000 | $ 1,687,680 | |
73,711,238 | |||
Real Estate — 8.45% | |||
American Assets Trust | 37,200 | 985,800 | |
Apple Hospitality REIT | 114,600 | 1,808,388 | |
Armada Hoffler Properties | 100,700 | 1,158,050 | |
Brixmor Property Group | 80,400 | 1,822,668 | |
CareTrust REIT | 57,900 | 1,075,782 | |
City Office REIT | 137,000 | 1,148,060 | |
CTO Realty Growth | 46,500 | 850,020 | |
Equity Commonwealth | 138,091 | 3,448,132 | |
Franklin Street Properties | 93,612 | 255,561 | |
Gaming and Leisure Properties | 263,698 | 13,736,029 | |
Global Net Lease | 136,400 | 1,714,548 | |
Host Hotels & Resorts | 76,200 | 1,223,010 | |
Industrial Logistics Properties Trust | 63,789 | 208,590 | |
Iron Mountain | 25,700 | 1,281,145 | |
Kite Realty Group Trust | 63,600 | 1,338,780 | |
Medical Properties Trust | 760,603 | 8,473,117 | |
Newmark Group Class A | 414,938 | 3,307,056 | |
Office Properties Income Trust | 45,688 | 609,935 | |
Omega Healthcare Investors | 53,300 | 1,489,735 | |
Piedmont Office Realty Trust Class A | 78,300 | 718,011 | |
Plymouth Industrial REIT | 57,000 | 1,093,260 | |
Sabra Health Care REIT | 88,400 | 1,098,812 | |
Service Properties Trust | 104,300 | 760,347 | |
Tanger Factory Outlet Centers | 122,610 | 2,199,623 | |
Uniti Group | 107,160 | 592,595 | |
52,397,054 | |||
Utilities — 1.51% | |||
National Fuel Gas | 44,100 | 2,791,530 | |
NRG Energy | 70,400 | 2,240,128 | |
UGI | 45,200 | 1,675,564 | |
Vistra | 114,200 | 2,649,440 | |
9,356,662 | |||
Total Common Stocks (cost $587,587,134) | 611,136,372 | ||
Short-Term Investments — 1.38% | |||
Money Market Mutual Funds — 1.38% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 2,142,415 | 2,142,415 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 2,142,415 | 2,142,415 |
NQ-OPTSV [12/22] 2/23 (2747699) 3
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Short-Term Investments (continued) | |||
Money Market Mutual Funds (continued) | |||
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 2,142,415 | $ 2,142,415 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 4.11%) | 2,142,414 | 2,142,414 | |
Total Short-Term Investments (cost $8,569,659) | 8,569,659 | ||
Total Value of Securities—99.89% (cost $596,156,793) | 619,706,031 | ||
Receivables and Other Assets Net of Liabilities—0.11% | 673,763 | ||
Net Assets Applicable to 48,061,873 Shares Outstanding—100.00% | $620,379,794 |
† | Non-income producing security. |
Summary of abbreviations: |
REIT – Real Estate Investment Trust |
4 NQ-OPTSV [12/22] 2/23 (2747699)