Schedule of investments
Optimum Large Cap Growth Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 99.14%♦ | |||
Communication Services — 8.83% | |||
Alphabet Class A † | 406,035 | $ 48,602,389 | |
Alphabet Class C † | 397,849 | 48,127,793 | |
Live Nation Entertainment † | 30,979 | 2,822,497 | |
Madison Square Garden Sports | 563 | 105,872 | |
Meta Platforms Class A † | 103,851 | 29,803,160 | |
Netflix † | 37,546 | 16,538,638 | |
Walt Disney † | 22,453 | 2,004,604 | |
148,004,953 | |||
Consumer Discretionary — 16.04% | |||
Airbnb Class A † | 6,336 | 812,022 | |
Amazon.com † | 695,952 | 90,724,303 | |
Booking Holdings † | 3,300 | 8,911,089 | |
Boyd Gaming | 5,585 | 387,431 | |
Chipotle Mexican Grill † | 15,777 | 33,747,003 | |
Darden Restaurants | 10,895 | 1,820,337 | |
Domino's Pizza | 861 | 290,148 | |
Expedia Group † | 4,480 | 490,067 | |
Hilton Worldwide Holdings | 1,644 | 239,284 | |
Lululemon Athletica † | 40,155 | 15,198,667 | |
Magic Leap Class A =, † | 2,058 | 715 | |
Marriott International Class A | 16,458 | 3,023,170 | |
McDonald's | 22,110 | 6,597,845 | |
NIKE Class B | 157,089 | 17,337,913 | |
O'Reilly Automotive † | 3,000 | 2,865,900 | |
Pool | 11,070 | 4,147,265 | |
PulteGroup | 32,197 | 2,501,063 | |
Six Flags Entertainment † | 78,019 | 2,026,934 | |
Starbucks | 43,500 | 4,309,110 | |
Tesla † | 203,008 | 53,141,404 | |
Toll Brothers | 124,300 | 9,828,401 | |
TopBuild † | 3,037 | 807,903 | |
Wingstop | 40,850 | 8,176,536 | |
Yum! Brands | 10,056 | 1,393,259 | |
268,777,769 | |||
Consumer Staples — 3.89% | |||
Celsius Holdings † | 17,193 | 2,565,024 | |
Church & Dwight | 5,178 | 518,991 | |
Coca-Cola | 70,427 | 4,241,114 | |
Constellation Brands Class A | 37,202 | 9,156,528 | |
Costco Wholesale | 49,227 | 26,502,832 | |
Estee Lauder Class A | 7,087 | 1,391,745 | |
Hershey | 30,479 | 7,610,606 | |
Monster Beverage † | 76,355 | 4,385,831 | |
PepsiCo | 44,593 | 8,259,516 | |
Procter & Gamble | 3,427 | 520,013 | |
65,152,200 | |||
Energy — 0.77% | |||
EOG Resources | 76,653 | 8,772,169 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Energy (continued) | |||
Schlumberger | 84,007 | $ 4,126,424 | |
12,898,593 | |||
Financials — 6.67% | |||
Adyen 144A #, † | 1,164 | 2,015,661 | |
Block † | 30,421 | 2,025,126 | |
Kinsale Capital Group | 1,718 | 642,876 | |
MarketAxess Holdings | 4,636 | 1,211,943 | |
Mastercard Class A | 125,862 | 49,501,525 | |
MSCI | 13,203 | 6,196,036 | |
RLI | 15,752 | 2,149,675 | |
Tradeweb Markets Class A | 35,200 | 2,410,496 | |
Visa Class A | 189,467 | 44,994,623 | |
Western Union | 53,533 | 627,942 | |
111,775,903 | |||
Healthcare — 11.58% | |||
Align Technology † | 6,641 | 2,348,523 | |
Biogen † | 12,062 | 3,435,861 | |
Dexcom † | 159,611 | 20,511,610 | |
Edwards Lifesciences † | 70,240 | 6,625,739 | |
Eli Lilly & Co. | 55,521 | 26,038,239 | |
Exelixis † | 35,735 | 682,896 | |
Genmab † | 13,429 | 5,089,023 | |
Gilead Sciences | 28,100 | 2,165,667 | |
Globus Medical Class A † | 64,827 | 3,859,800 | |
Humana | 2,244 | 1,003,360 | |
IDEXX Laboratories † | 11,086 | 5,567,722 | |
Inspire Medical Systems † | 11,007 | 3,573,312 | |
Insulet † | 31,479 | 9,076,655 | |
Intuitive Surgical † | 95,732 | 32,734,600 | |
Medpace Holdings † | 24,193 | 5,810,433 | |
Molina Healthcare † | 11,900 | 3,584,756 | |
Regeneron Pharmaceuticals † | 19,622 | 14,099,192 | |
Stryker | 12,194 | 3,720,267 | |
UnitedHealth Group | 58,899 | 28,309,215 | |
Veeva Systems Class A † | 14,400 | 2,847,312 | |
Vertex Pharmaceuticals † | 9,334 | 3,284,728 | |
Waters † | 22,108 | 5,892,666 | |
Zoetis | 21,669 | 3,731,618 | |
193,993,194 | |||
Industrials — 6.85% | |||
Acuity Brands | 24,618 | 4,014,703 | |
Advanced Drainage Systems | 54,172 | 6,163,690 | |
Allegion | 10,700 | 1,284,214 | |
Caterpillar | 26,300 | 6,471,115 | |
Cintas | 10,000 | 4,970,800 | |
Copart † | 57,089 | 5,207,088 | |
Core & Main Class A † | 126,515 | 3,964,980 | |
Deere & Co. | 13,447 | 5,448,590 | |
Donaldson | 39,740 | 2,484,147 |
NQ- OPTLG [0623] 0823 (3053890) 1
Schedule of investments
Optimum Large Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Industrials (continued) | |||
EMCOR Group | 20,730 | $ 3,830,489 | |
Fastenal | 48,912 | 2,885,319 | |
Fortive | 78,377 | 5,860,248 | |
Honeywell International | 6,957 | 1,443,578 | |
Illinois Tool Works | 3,199 | 800,262 | |
JB Hunt Transport Services | 23,625 | 4,276,834 | |
Johnson Controls International | 64,246 | 4,377,723 | |
Nordson | 21,783 | 5,406,105 | |
Otis Worldwide | 37,273 | 3,317,670 | |
Paychex | 96,254 | 10,767,935 | |
Paycom Software | 36,100 | 11,596,764 | |
Uber Technologies † | 60,581 | 2,615,282 | |
Verisk Analytics | 14,114 | 3,190,187 | |
Westinghouse Air Brake Technologies | 32,639 | 3,579,519 | |
WW Grainger | 7,665 | 6,044,542 | |
Xylem | 25,759 | 2,900,979 | |
Yaskawa Electric | 42,400 | 1,954,771 | |
114,857,534 | |||
Information Technology — 43.94% | |||
Accenture Class A | 57,589 | 17,770,814 | |
Adobe † | 30,220 | 14,777,278 | |
Advanced Micro Devices † | 71,033 | 8,091,369 | |
Allegro MicroSystems † | 23,000 | 1,038,220 | |
Alteryx Class A † | 2,432 | 110,413 | |
Analog Devices | 53,423 | 10,407,335 | |
ANSYS † | 8,897 | 2,938,412 | |
Apple | 1,201,608 | 233,075,904 | |
Applied Materials | 135,353 | 19,563,923 | |
ASML Holding | 8,392 | 6,086,957 | |
Broadcom | 25,341 | 21,981,544 | |
Cadence Design Systems † | 21,287 | 4,992,227 | |
Cognex | 72,031 | 4,035,177 | |
Datadog Class A † | 94,504 | 9,297,304 | |
DocuSign † | 79,335 | 4,053,225 | |
DoubleVerify Holdings † | 41,900 | 1,630,748 | |
Dynatrace † | 22,771 | 1,172,023 | |
Fair Isaac † | 9,150 | 7,404,272 | |
Fortinet † | 97,194 | 7,346,894 | |
Gartner † | 1,500 | 525,465 | |
HubSpot † | 6,425 | 3,418,678 | |
Intuit | 2,863 | 1,311,798 | |
Keyence | 14,200 | 6,747,225 | |
KLA | 29,069 | 14,099,046 | |
Lam Research | 1,615 | 1,038,219 | |
Manhattan Associates † | 39,759 | 7,947,029 | |
Microsoft | 427,708 | 145,651,682 | |
MongoDB † | 5,834 | 2,397,716 | |
New Relic † | 53,275 | 3,486,316 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Information Technology (continued) | |||
Nutanix Class A † | 43,028 | $ 1,206,935 | |
NVIDIA | 241,517 | 102,166,521 | |
Okta † | 70,529 | 4,891,186 | |
Palo Alto Networks † | 33,713 | 8,614,009 | |
Pegasystems | 50,662 | 2,497,637 | |
Salesforce † | 61,692 | 13,033,052 | |
ServiceNow † | 20,346 | 11,433,842 | |
Smartsheet Class A † | 17,651 | 675,327 | |
Synopsys † | 15,279 | 6,652,629 | |
Teradata † | 165,401 | 8,834,067 | |
VeriSign † | 5,800 | 1,310,626 | |
Workday Class A † | 20,364 | 4,600,024 | |
Zoom Video Communications Class A † | 2,867 | 194,612 | |
Zscaler † | 53,227 | 7,787,110 | |
736,294,790 | |||
Materials — 0.57% | |||
Eagle Materials | 16,442 | 3,065,118 | |
Ecolab | 34,776 | 6,492,331 | |
9,557,449 | |||
Total Common Stocks (cost $1,198,970,802) | 1,661,312,385 | ||
Exchange-Traded Fund — 0.25% | |||
iShares Russell 1000 Growth ETF | 15,273 | 4,202,824 | |
Total Exchange-Traded Fund (cost $4,104,606) | 4,202,824 | ||
Rights — 0.00% | |||
ABIOMED † | 15,699 | 16,013 | |
Total Rights (cost $0) | 16,013 | ||
Short-Term Investments — 0.17% | |||
Money Market Mutual Funds — 0.17% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 716,917 | 716,917 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 716,917 | 716,917 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%) | 716,918 | 716,918 |
2 NQ- OPTLG [0623] 0823 (3053890)
(Unaudited)
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 5.03%) | 716,918 | $ 716,918 | |
Total Short-Term Investments (cost $2,867,670) | 2,867,670 | ||
Total Value of Securities—99.56% (cost $1,205,943,078) | 1,668,398,892 | ||
Receivables and Other Assets Net of Liabilities—0.44% | 7,391,385 | ||
Net Assets Applicable to 81,912,532 Shares Outstanding—100.00% | $1,675,790,277 |
♦ | Narrow industries are utilized for compliance purposes for concentration 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. |
# | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At June 30, 2023, the aggregate value of Rule 144A securities was $2,015,661, which represents 0.12% of the Fund's net assets. |
The following foreign currency exchange contracts were outstanding at June 30, 2023:
Foreign Currency Exchange Contracts | ||||||||||||
Counterparty | Currency to Receive (Deliver) | In Exchange For | Settlement Date | Unrealized Appreciation | Unrealized Depreciation | |||||||
BAML | EUR | (297,935) | USD | 326,887 | 9/29/23 | $271 | $— | |||||
GS | JPY | (433,661,760) | USD | 3,067,173 | 9/29/23 | 17,910 | — | |||||
JPMCB | EUR | (578,374) | USD | 633,991 | 9/29/23 | — | (62) | |||||
MS | EUR | (297,935) | USD | 326,911 | 9/29/23 | 295 | — | |||||
Total Foreign Currency Exchange Contracts | $18,476 | $(62) |
The use of foreign currency exchange contracts involves elements of market risk and risks in excess of the amounts disclosed in the schedule of investments. 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: |
BAML – Bank of America Merrill Lynch |
ETF – Exchange-Traded Fund |
GS – Goldman Sachs |
JPMCB – JPMorgan Chase Bank |
MS – Morgan Stanley |
MSCI – Morgan Stanley Capital International |
Summary of currencies: |
EUR – European Monetary Unit |
JPY – Japanese Yen |
USD – US Dollar |
NQ- OPTLG [0623] 0823 (3053890) 3