Schedule of investments
Optimum Small-Mid Cap Growth Fund
December 31, 2022 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 97.82% | |||
Communication Services — 0.78% | |||
Endeavor Group Holdings Class A † | 141,954 | $ 3,199,643 | |
Lions Gate Entertainment Class B † | 85,580 | 464,700 | |
3,664,343 | |||
Consumer Discretionary — 14.15% | |||
Academy Sports & Outdoors | 133,729 | 7,026,122 | |
Burlington Stores † | 8,902 | 1,804,969 | |
Chewy Class A † | 39,874 | 1,478,528 | |
Deckers Outdoor † | 15,062 | 6,012,148 | |
Etsy † | 44,220 | 5,296,672 | |
Five Below † | 42,077 | 7,442,159 | |
Floor & Decor Holdings Class A † | 63,432 | 4,416,770 | |
Fox Factory Holding † | 16,798 | 1,532,481 | |
Grand Canyon Education † | 23,888 | 2,524,006 | |
Hyatt Hotels Class A † | 24,469 | 2,213,221 | |
International Game Technology | 147,335 | 3,341,558 | |
Meritage Homes † | 39,976 | 3,685,787 | |
Monro | 21,592 | 975,958 | |
Ollie's Bargain Outlet Holdings † | 33,725 | 1,579,679 | |
On Holding Class A † | 190,895 | 3,275,758 | |
Papa John's International | 22,497 | 1,851,728 | |
Skyline Champion † | 38,058 | 1,960,368 | |
Sonos † | 72,455 | 1,224,489 | |
Topgolf Callaway Brands † | 84,649 | 1,671,818 | |
Visteon † | 24,479 | 3,202,588 | |
Wingstop | 27,727 | 3,815,790 | |
66,332,597 | |||
Consumer Staples — 5.96% | |||
Celsius Holdings † | 61,008 | 6,347,272 | |
elf Beauty † | 94,087 | 5,203,011 | |
Freshpet † | 40,090 | 2,115,549 | |
Hostess Brands † | 153,926 | 3,454,100 | |
Lamb Weston Holdings | 67,026 | 5,989,443 | |
Performance Food Group † | 45,372 | 2,649,271 | |
TreeHouse Foods † | 43,773 | 2,161,511 | |
27,920,157 | |||
Energy — 4.11% | |||
Callon Petroleum † | 38,949 | 1,444,619 | |
ChampionX | 117,461 | 3,405,194 | |
Chesapeake Energy | 30,900 | 2,916,033 | |
Matador Resources | 126,781 | 7,256,945 | |
Range Resources | 104,553 | 2,615,916 | |
Ranger Oil Class A | 40,526 | 1,638,466 | |
19,277,173 | |||
Financials — 5.02% | |||
BRP Group Class A † | 109,278 | 2,747,249 | |
Essent Group | 57,023 | 2,217,054 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Evercore Class A | 16,723 | $ 1,824,145 | |
Focus Financial Partners Class A † | 40,328 | 1,503,025 | |
Kinsale Capital Group | 15,864 | 4,148,753 | |
Palomar Holdings † | 29,848 | 1,347,936 | |
Ryan Specialty Holdings † | 70,298 | 2,918,070 | |
Stifel Financial | 45,595 | 2,661,380 | |
Triumph Financial † | 36,216 | 1,769,876 | |
Virtu Financial Class A | 61,723 | 1,259,766 | |
Wintrust Financial | 13,715 | 1,159,192 | |
23,556,446 | |||
Healthcare — 23.59% | |||
Acadia Healthcare † | 53,265 | 4,384,775 | |
AdaptHealth † | 126,072 | 2,423,104 | |
Adaptive Biotechnologies † | 57,876 | 442,173 | |
Alignment Healthcare † | 226,958 | 2,669,026 | |
Allscripts Healthcare Solutions † | 113,492 | 2,001,999 | |
Amicus Therapeutics † | 135,161 | 1,650,316 | |
AMN Healthcare Services † | 23,345 | 2,400,333 | |
Apellis Pharmaceuticals † | 28,928 | 1,495,867 | |
AtriCure † | 30,090 | 1,335,394 | |
Avantor † | 133,675 | 2,819,206 | |
Avid Bioservices † | 86,340 | 1,188,902 | |
Axonics † | 97,632 | 6,104,929 | |
Axsome Therapeutics † | 18,406 | 1,419,655 | |
Azenta | 22,510 | 1,310,532 | |
BioLife Solutions † | 55,673 | 1,013,249 | |
Blueprint Medicines † | 24,652 | 1,080,004 | |
CONMED | 24,114 | 2,137,465 | |
Cytokinetics † | 73,660 | 3,375,101 | |
Evolent Health Class A † | 62,935 | 1,767,215 | |
Exact Sciences † | 74,598 | 3,693,347 | |
Glaukos Corp. † | 22,465 | 981,271 | |
Haemonetics † | 27,748 | 2,182,380 | |
Halozyme Therapeutics † | 73,407 | 4,176,858 | |
HealthEquity † | 57,836 | 3,565,011 | |
ICON † | 16,699 | 3,243,781 | |
Insmed † | 67,297 | 1,344,594 | |
Inspire Medical Systems † | 25,231 | 6,355,184 | |
Ionis Pharmaceuticals † | 25,400 | 959,358 | |
Iovance Biotherapeutics † | 56,509 | 361,093 | |
iRhythm Technologies † | 16,847 | 1,578,059 | |
Molina Healthcare † | 8,518 | 2,812,814 | |
Neurocrine Biosciences † | 25,680 | 3,067,219 | |
Novocure † | 6,314 | 463,132 | |
Oak Street Health † | 45,544 | 979,651 | |
Omnicell † | 32,286 | 1,627,860 | |
Option Care Health † | 90,195 | 2,713,968 | |
Pacira BioSciences † | 33,826 | 1,306,022 | |
Phreesia † | 59,268 | 1,917,912 |
NQ-OPTSG [12/22] 2/23 (2747700) 1
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Privia Health Group † | 55,768 | $ 1,266,491 | |
Prothena † | 28,569 | 1,721,282 | |
Sarepta Therapeutics † | 12,602 | 1,632,967 | |
Silk Road Medical † | 122,081 | 6,451,981 | |
SpringWorks Therapeutics † | 32,928 | 856,457 | |
Tandem Diabetes Care † | 35,872 | 1,612,446 | |
TransMedics Group † | 26,293 | 1,622,804 | |
Ultragenyx Pharmaceutical † | 28,000 | 1,297,240 | |
United Therapeutics † | 26,234 | 7,295,413 | |
US Physical Therapy | 18,284 | 1,481,553 | |
ViewRay † | 225,678 | 1,011,037 | |
110,598,430 | |||
Industrials — 18.71% | |||
Advanced Drainage Systems | 21,980 | 1,801,701 | |
AECOM | 52,689 | 4,474,877 | |
Applied Industrial Technologies | 21,207 | 2,672,718 | |
ASGN † | 36,215 | 2,950,798 | |
Atkore † | 16,638 | 1,887,082 | |
AZEK † | 203,876 | 4,142,760 | |
Boise Cascade | 23,493 | 1,613,264 | |
Chart Industries † | 14,911 | 1,718,194 | |
Clarivate † | 102,076 | 851,314 | |
Core & Main Class A † | 96,921 | 1,871,544 | |
Driven Brands Holdings † | 92,780 | 2,533,822 | |
Dycom Industries † | 21,077 | 1,972,807 | |
EMCOR Group | 13,060 | 1,934,317 | |
FTI Consulting † | 16,387 | 2,602,256 | |
GXO Logistics † | 29,811 | 1,272,632 | |
Herc Holdings | 22,086 | 2,905,855 | |
Hubbell | 10,701 | 2,511,311 | |
IAA † | 29,164 | 1,166,560 | |
ICF International | 22,797 | 2,258,043 | |
KAR Auction Services † | 78,490 | 1,024,294 | |
KBR | 63,958 | 3,376,982 | |
Knight-Swift Transportation Holdings | 35,858 | 1,879,318 | |
Kratos Defense & Security Solutions † | 138,121 | 1,425,409 | |
Lincoln Electric Holdings | 17,486 | 2,526,552 | |
Masonite International † | 26,693 | 2,151,723 | |
Mercury Systems † | 37,058 | 1,657,975 | |
Quanta Services | 44,350 | 6,319,875 | |
RBC Bearings † | 15,389 | 3,221,687 | |
Schneider National Class B | 69,589 | 1,628,383 | |
Shoals Technologies Group Class A † | 200,451 | 4,945,126 | |
SPX Technologies † | 35,231 | 2,312,915 | |
Sterling Check † | 93,107 | 1,440,365 | |
Vicor † | 26,516 | 1,425,235 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Wabash National | 77,337 | $ 1,747,816 | |
WillScot Mobile Mini Holdings † | 134,035 | 6,054,361 | |
Zurn Elkay Water Solutions | 67,233 | 1,421,978 | |
87,701,849 | |||
Information Technology — 23.08% | |||
Allegro MicroSystems † | 89,442 | 2,685,049 | |
Ambarella † | 30,833 | 2,535,398 | |
Belden | 37,874 | 2,723,141 | |
Black Knight † | 47,768 | 2,949,674 | |
Box Class A † | 105,456 | 3,282,845 | |
Calix † | 86,869 | 5,944,446 | |
Ciena † | 68,847 | 3,509,820 | |
Confluent Class A † | 70,595 | 1,570,033 | |
CyberArk Software † | 16,288 | 2,111,739 | |
DoubleVerify Holdings † | 229,874 | 5,048,033 | |
Enphase Energy † | 13,992 | 3,707,320 | |
First Solar † | 19,155 | 2,869,227 | |
Flywire † | 74,639 | 1,826,416 | |
FormFactor † | 39,727 | 883,131 | |
Gitlab Class A † | 30,667 | 1,393,508 | |
HashiCorp Class A † | 123,555 | 3,377,994 | |
Impinj † | 23,569 | 2,573,263 | |
Itron † | 28,739 | 1,455,630 | |
Jamf Holding † | 96,672 | 2,059,114 | |
JFrog † | 95,489 | 2,036,780 | |
Lattice Semiconductor † | 55,591 | 3,606,744 | |
LiveRamp Holdings † | 67,780 | 1,588,763 | |
Lumentum Holdings † | 35,111 | 1,831,741 | |
MACOM Technology Solutions Holdings † | 46,059 | 2,900,796 | |
Manhattan Associates † | 30,385 | 3,688,739 | |
Nutanix Class A † | 83,112 | 2,165,068 | |
Onto Innovation † | 25,727 | 1,751,751 | |
PagerDuty † | 113,364 | 3,010,948 | |
PAR Technology † | 39,587 | 1,032,033 | |
Paylocity Holding † | 18,529 | 3,599,444 | |
Procore Technologies † | 98,263 | 4,636,048 | |
PTC † | 30,487 | 3,659,660 | |
Pure Storage Class A † | 109,920 | 2,941,459 | |
Silicon Motion Technology ADR | 22,350 | 1,452,527 | |
Sprout Social Class A † | 32,421 | 1,830,490 | |
SS&C Technologies Holdings | 56,919 | 2,963,203 | |
Synaptics † | 13,785 | 1,311,781 | |
Teradyne | 17,609 | 1,538,146 | |
Toast Class A † | 131,126 | 2,364,202 | |
Varonis Systems † | 59,478 | 1,423,903 | |
Verra Mobility † | 124,517 | 1,722,070 | |
WEX † | 11,020 | 1,803,423 |
2 NQ-OPTSG [12/22] 2/23 (2747700)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Zuora Class A † | 134,200 | $ 853,512 | |
108,219,012 | |||
Materials — 2.09% | |||
Element Solutions | 175,595 | 3,194,073 | |
FMC | 24,017 | 2,997,321 | |
Orion Engineered Carbons | 106,622 | 1,898,938 | |
Steel Dynamics | 17,510 | 1,710,727 | |
9,801,059 | |||
Real Estate — 0.33% | |||
Ryman Hospitality Properties | 19,115 | 1,563,225 | |
1,563,225 | |||
Total Common Stocks (cost $469,709,586) | 458,634,291 | ||
Convertible Preferred Stock — 0.02% | |||
Honest Series D =, †, π | 15,249 | 97,024 | |
Total Convertible Preferred Stock (cost $697,718) | 97,024 | ||
Warrant — 0.00% | |||
DraftKings strike price $25, expiration date 4/23/25 =, † | 399 | 0 | |
Total Warrant (cost $0) | 0 | ||
Short-Term Investments — 2.43% | |||
Money Market Mutual Funds — 2.43% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.03%) | 2,845,511 | 2,845,511 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.06%) | 2,845,511 | 2,845,511 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 4.23%) | 2,845,511 | 2,845,511 |
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 4.11%) | 2,845,510 | $ 2,845,510 | |
Total Short-Term Investments (cost $11,382,043) | 11,382,043 | ||
Total Value of Securities—100.27% (cost $481,789,347) | 470,113,358 | ||
Liabilities Net of Receivables and Other Assets—(0.27%) | (1,250,052) | ||
Net Assets Applicable to 43,180,135 Shares Outstanding—100.00% | $468,863,306 |
† | 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, 2022, the aggregate value of restricted securities was $97,024, which represented 0.02% of the Fund’s net assets. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
Honest Series D | 8/3/15 | $697,718 | $97,024 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ-OPTSG [12/22] 2/23 (2747700) 3