Schedule of investments
Optimum Small-Mid Cap Value Fund
June 30, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 97.17% | |||
Communication Services — 5.19% | |||
AMC Networks Class A † | 30,800 | $ 368,060 | |
Gray Television | 65,200 | 513,776 | |
John Wiley & Sons Class A | 126,424 | 4,302,209 | |
Lumen Technologies | 150,400 | 339,904 | |
Nexstar Media Group | 106,792 | 17,786,207 | |
Paramount Global Class B | 37,200 | 591,852 | |
Playtika Holding † | 59,700 | 692,520 | |
Ziff Davis † | 152,384 | 10,676,023 | |
35,270,551 | |||
Consumer Discretionary — 11.37% | |||
Aaron's | 45,700 | 646,198 | |
American Axle & Manufacturing Holdings † | 114,200 | 944,434 | |
Bloomin' Brands | 74,100 | 1,992,549 | |
BorgWarner | 41,200 | 2,015,092 | |
Brunswick | 21,300 | 1,845,432 | |
Capri Holdings † | 25,588 | 918,353 | |
Dick's Sporting Goods | 17,900 | 2,366,201 | |
Foot Locker | 48,800 | 1,322,968 | |
Goodyear Tire & Rubber † | 70,000 | 957,600 | |
Guess? | 47,500 | 923,875 | |
H&R Block | 40,400 | 1,287,548 | |
Harley-Davidson | 43,800 | 1,542,198 | |
Haverty Furniture | 43,900 | 1,326,658 | |
Helen of Troy † | 28,650 | 3,094,773 | |
Kohl's | 47,900 | 1,104,095 | |
Lear | 8,300 | 1,191,465 | |
Leslie's † | 399,914 | 3,755,192 | |
Lithia Motors | 41,259 | 12,547,275 | |
Macy's | 73,400 | 1,178,070 | |
Malibu Boats Class A † | 19,500 | 1,143,870 | |
Modine Manufacturing † | 60,800 | 2,007,616 | |
Mohawk Industries † | 13,600 | 1,402,976 | |
Nordstrom | 28,400 | 581,348 | |
ODP † | 29,100 | 1,362,462 | |
Penske Automotive Group | 28,619 | 4,768,784 | |
PulteGroup | 53,000 | 4,117,040 | |
PVH | 23,100 | 1,962,807 | |
Qurate Retail Series A † | 97,500 | 96,506 | |
Sally Beauty Holdings † | 65,000 | 802,750 | |
Shoe Carnival | 400 | 9,392 | |
Smith & Wesson Brands | 67,800 | 884,112 | |
Sonic Automotive Class A | 29,600 | 1,411,032 | |
Tapestry | 37,600 | 1,609,280 | |
Thor Industries | 14,900 | 1,542,150 | |
Toll Brothers | 49,500 | 3,913,965 | |
Travel + Leisure | 12,500 | 504,250 | |
Tupperware Brands † | 116,100 | 92,880 | |
Victoria's Secret & Co. † | 201,949 | 3,519,971 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Whirlpool | 21,600 | $ 3,213,864 | |
Winnebago Industries | 19,400 | 1,293,786 | |
77,200,817 | |||
Consumer Staples — 5.24% | |||
Albertsons Class A | 103,000 | 2,247,460 | |
Bunge | 15,200 | 1,434,120 | |
Conagra Brands | 48,100 | 1,621,932 | |
Herbalife † | 35,500 | 470,020 | |
Ingles Markets Class A | 20,100 | 1,661,265 | |
Ingredion | 30,700 | 3,252,665 | |
Molson Coors Beverage Class B | 82,900 | 5,458,136 | |
Spectrum Brands Holdings | 151,434 | 11,819,424 | |
Sprouts Farmers Market † | 92,100 | 3,382,833 | |
US Foods Holding † | 96,583 | 4,249,652 | |
35,597,507 | |||
Energy — 5.81% | |||
APA | 51,700 | 1,766,589 | |
Arch Resources | 6,700 | 755,492 | |
California Resources | 36,800 | 1,666,672 | |
Civitas Resources | 21,100 | 1,463,707 | |
CNX Resources † | 1,800 | 31,896 | |
DT Midstream | 221,697 | 10,989,520 | |
HF Sinclair | 68,100 | 3,037,941 | |
Magnolia Oil & Gas Class A | 310,701 | 6,493,651 | |
Marathon Oil | 139,800 | 3,218,196 | |
PBF Energy Class A | 6,700 | 274,298 | |
PDC Energy | 29,000 | 2,063,060 | |
SFL | 97,100 | 905,943 | |
TechnipFMC † | 345,629 | 5,744,354 | |
Vitesse Energy | 9,109 | 204,042 | |
World Kinect | 39,900 | 825,132 | |
39,440,493 | |||
Financials — 17.05% | |||
Affiliated Managers Group | 9,500 | 1,423,955 | |
Ally Financial | 91,200 | 2,463,312 | |
American Financial Group | 16,900 | 2,006,875 | |
Annaly Capital Management | 52,450 | 1,049,525 | |
Apollo Commercial Real Estate Finance | 77,600 | 878,432 | |
Ares Capital | 85,300 | 1,602,787 | |
Associated Banc-Corp | 121,500 | 1,971,945 | |
B Riley Financial | 13,800 | 634,524 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 1,321,394 | |
BGC Partners Class A | 1,516,534 | 6,718,246 | |
Cathay General Bancorp | 47,800 | 1,538,682 | |
Citizens Financial Group | 46,800 | 1,220,544 | |
CNA Financial | 40,395 | 1,560,055 |
NQ- OPTSV [0623] 0823 (3054721) 1
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
CNO Financial Group | 144,200 | $ 3,413,214 | |
Columbia Banking System | 227,030 | 4,604,168 | |
Comerica | 34,700 | 1,469,892 | |
Customers Bancorp † | 35,600 | 1,077,256 | |
Donnelley Financial Solutions † | 27,300 | 1,242,969 | |
Equitable Holdings | 68,200 | 1,852,312 | |
Essent Group | 26,800 | 1,254,240 | |
Euronet Worldwide † | 53,541 | 6,284,107 | |
Everest Re Group | 4,800 | 1,640,928 | |
F&G Annuities & Life | 3,502 | 86,780 | |
Fidelity National Financial | 51,500 | 1,854,000 | |
Fifth Third Bancorp | 57,600 | 1,509,696 | |
First American Financial | 38,200 | 2,178,164 | |
First BanCorp | 89,200 | 1,090,024 | |
First Busey | 74,400 | 1,495,440 | |
First Merchants | 145,138 | 4,097,246 | |
FleetCor Technologies † | 5,600 | 1,406,048 | |
FS KKR Capital | 57,750 | 1,107,645 | |
Hancock Whitney | 31,300 | 1,201,294 | |
Hanmi Financial | 56,800 | 848,024 | |
HomeStreet | 39,900 | 236,208 | |
Hope Bancorp | 122,400 | 1,030,608 | |
Jefferies Financial Group | 77,400 | 2,567,358 | |
Lincoln National | 33,300 | 857,808 | |
MGIC Investment | 107,200 | 1,692,688 | |
New Mountain Finance | 95,300 | 1,185,532 | |
Oaktree Specialty Lending | 1,431 | 27,804 | |
OFG Bancorp | 80,900 | 2,109,872 | |
OneMain Holdings | 34,600 | 1,511,674 | |
Pacific Premier Bancorp | 150,658 | 3,115,607 | |
PacWest Bancorp | 353,996 | 2,885,067 | |
Popular | 18,700 | 1,131,724 | |
PROG Holdings † | 39,600 | 1,271,952 | |
Radian Group | 69,500 | 1,756,960 | |
Redwood Trust | 119,100 | 758,667 | |
Regions Financial | 179,100 | 3,191,562 | |
Reinsurance Group of America | 8,200 | 1,137,258 | |
Rithm Capital | 131,300 | 1,227,655 | |
Starwood Property Trust | 497,058 | 9,642,925 | |
Synchrony Financial | 59,000 | 2,001,280 | |
Synovus Financial | 55,900 | 1,690,975 | |
Universal Insurance Holdings | 13,000 | 200,590 | |
Unum Group | 75,700 | 3,610,890 | |
Veritex Holdings | 62,500 | 1,120,625 | |
Victory Capital Holdings Class A | 39,300 | 1,239,522 | |
Voya Financial | 21,000 | 1,505,910 | |
Western Union | 66,100 | 775,353 | |
Zions Bancorp | 83,200 | 2,234,752 | |
115,822,549 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare — 6.08% | |||
DaVita † | 26,200 | $ 2,632,314 | |
Enovis † | 122,006 | 7,823,025 | |
Exelixis † | 70,500 | 1,347,255 | |
Globus Medical Class A † | 56,483 | 3,362,998 | |
Ironwood Pharmaceuticals † | 167,200 | 1,779,008 | |
Jazz Pharmaceuticals † | 35,100 | 4,351,347 | |
LivaNova † | 93,529 | 4,810,196 | |
Quest Diagnostics | 11,600 | 1,630,496 | |
QuidelOrtho † | 42,108 | 3,489,069 | |
Select Medical Holdings | 94,175 | 3,000,415 | |
United Therapeutics † | 11,800 | 2,604,850 | |
Universal Health Services Class B | 22,600 | 3,565,602 | |
Viatris | 91,253 | 910,705 | |
41,307,280 | |||
Industrials — 17.90% | |||
ACCO Brands | 146,000 | 760,660 | |
Acuity Brands | 13,900 | 2,266,812 | |
AGCO | 42,100 | 5,532,782 | |
Alaska Air Group † | 42,900 | 2,281,422 | |
Allison Transmission Holdings | 55,500 | 3,133,530 | |
Apogee Enterprises | 36,200 | 1,718,414 | |
ArcBest | 27,300 | 2,697,240 | |
Atkore † | 37,900 | 5,910,126 | |
BWX Technologies | 181,264 | 12,973,065 | |
CoreCivic † | 56,200 | 528,842 | |
Covenant Logistics Group | 59,100 | 2,590,353 | |
CSG Systems International | 18,200 | 959,868 | |
Deluxe | 29,800 | 520,904 | |
Encore Wire | 7,300 | 1,357,289 | |
Ennis | 45,800 | 933,404 | |
Esab | 121,461 | 8,082,015 | |
GXO Logistics † | 203,494 | 12,783,493 | |
Hillenbrand | 31,174 | 1,598,603 | |
Huntington Ingalls Industries | 6,200 | 1,411,120 | |
Kaman | 106,686 | 2,595,670 | |
ManpowerGroup | 26,300 | 2,088,220 | |
MillerKnoll | 53,400 | 789,252 | |
Moog Class A | 24,000 | 2,602,320 | |
Openlane † | 540,661 | 8,228,860 | |
Owens Corning | 35,500 | 4,632,750 | |
Primoris Services | 66,384 | 2,022,721 | |
Quanex Building Products | 54,980 | 1,476,213 | |
RB Global | 55,362 | 3,321,720 | |
Ryder System | 16,929 | 1,435,410 | |
Snap-on | 9,300 | 2,680,167 | |
Textainer Group Holdings | 28,700 | 1,130,206 | |
Textron | 47,900 | 3,239,477 | |
Timken | 17,600 | 1,610,928 | |
United Airlines Holdings † | 42,100 | 2,310,027 |
2 NQ- OPTSV [0623] 0823 (3054721)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Verra Mobility † | 419,585 | $ 8,274,216 | |
Wabash National | 57,400 | 1,471,736 | |
XPO † | 62,158 | 3,667,322 | |
121,617,157 | |||
Information Technology — 8.52% | |||
ACI Worldwide † | 138,261 | 3,203,507 | |
Amdocs | 22,500 | 2,224,125 | |
Amkor Technology | 102,600 | 3,052,350 | |
Arrow Electronics † | 24,580 | 3,520,593 | |
Aviat Networks † | 25,700 | 857,609 | |
Cirrus Logic † | 15,100 | 1,223,251 | |
Consensus Cloud Solutions † | 79,239 | 2,456,409 | |
Diodes † | 10,500 | 971,145 | |
Dropbox Class A † | 13,200 | 352,044 | |
Ebix | 33,273 | 838,480 | |
Jabil | 66,100 | 7,134,173 | |
Kimball Electronics † | 74,200 | 2,050,146 | |
Methode Electronics | 16,700 | 559,784 | |
NCR † | 37,200 | 937,440 | |
NetApp | 32,700 | 2,498,280 | |
Qorvo † | 3,000 | 306,090 | |
Sanmina † | 53,000 | 3,194,310 | |
Seagate Technology Holdings | 15,900 | 983,733 | |
Skyworks Solutions | 14,400 | 1,593,936 | |
TD SYNNEX | 13,700 | 1,287,800 | |
Teledyne Technologies † | 10,961 | 4,506,177 | |
Teradata † | 36,221 | 1,934,564 | |
Verint Systems † | 283,877 | 9,952,728 | |
Vishay Precision Group † | 35,910 | 1,334,056 | |
Xerox Holdings | 61,300 | 912,757 | |
57,885,487 | |||
Materials — 10.84% | |||
Ashland | 102,837 | 8,937,564 | |
Axalta Coating Systems † | 345,423 | 11,333,329 | |
Berry Global Group | 48,200 | 3,101,188 | |
Chemours | 49,500 | 1,826,055 | |
Eastman Chemical | 19,400 | 1,624,168 | |
FMC | 89,515 | 9,339,995 | |
Greif Class A | 34,400 | 2,369,816 | |
Huntsman | 82,070 | 2,217,531 | |
Ingevity † | 10,500 | 610,680 | |
Koppers Holdings | 48,050 | 1,638,505 | |
Mosaic | 55,400 | 1,939,000 | |
O-I Glass † | 59,800 | 1,275,534 | |
Reliance Steel & Aluminum | 17,900 | 4,861,461 | |
Silgan Holdings | 388,657 | 18,224,127 | |
Steel Dynamics | 22,700 | 2,472,711 | |
Tronox Holdings | 38,500 | 489,335 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Materials (continued) | |||
Westrock | 48,000 | $ 1,395,360 | |
73,656,359 | |||
Real Estate — 7.83% | |||
American Assets Trust | 37,200 | 714,240 | |
Apple Hospitality REIT | 114,600 | 1,731,606 | |
Armada Hoffler Properties | 100,700 | 1,176,176 | |
Brixmor Property Group | 80,400 | 1,768,800 | |
City Office REIT | 137,000 | 763,090 | |
CTO Realty Growth | 46,500 | 797,010 | |
EPR Properties | 45,900 | 2,148,120 | |
Equity Commonwealth | 191,805 | 3,885,969 | |
Franklin Street Properties | 93,612 | 135,737 | |
Gaming and Leisure Properties | 297,252 | 14,404,832 | |
Global Net Lease | 138,800 | 1,426,864 | |
Host Hotels & Resorts | 140,600 | 2,366,298 | |
Industrial Logistics Properties Trust | 63,789 | 210,504 | |
Kite Realty Group Trust | 63,600 | 1,420,824 | |
Medical Properties Trust | 960,142 | 8,890,915 | |
Newmark Group Class A | 467,738 | 2,909,330 | |
Office Properties Income Trust | 45,688 | 351,798 | |
Omega Healthcare Investors | 53,300 | 1,635,777 | |
Piedmont Office Realty Trust Class A | 78,300 | 569,241 | |
Plymouth Industrial REIT | 31,000 | 713,620 | |
Sabra Health Care REIT | 88,400 | 1,040,468 | |
Service Properties Trust | 104,300 | 906,367 | |
Tanger Factory Outlet Centers | 122,610 | 2,706,003 | |
Uniti Group | 107,160 | 495,079 | |
53,168,668 | |||
Utilities — 1.34% | |||
National Fuel Gas | 44,100 | 2,264,976 | |
NRG Energy | 70,400 | 2,632,256 | |
UGI | 45,200 | 1,219,044 | |
Vistra | 114,200 | 2,997,750 | |
9,114,026 | |||
Total Common Stocks (cost $625,301,499) | 660,080,894 | ||
Short-Term Investments — 2.55% | |||
Money Market Mutual Funds — 2.55% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%) | 4,325,068 | 4,325,068 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%) | 4,325,068 | 4,325,068 |
NQ- OPTSV [0623] 0823 (3054721) 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 5.14%) | 4,325,068 | $ 4,325,068 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%) | 4,325,069 | 4,325,069 | |
Total Short-Term Investments (cost $17,300,273) | 17,300,273 | ||
Total Value of Securities—99.72% (cost $642,601,772) | 677,381,167 | ||
Receivables and Other Assets Net of Liabilities—0.28% | 1,894,162 | ||
Net Assets Applicable to 51,269,775 Shares Outstanding—100.00% | $679,275,329 |
† | Non-income producing security. |
Summary of abbreviations: |
REIT – Real Estate Investment Trust |
4 NQ- OPTSV [0623] 0823 (3054721)