Schedule of investments
Optimum Small-Mid Cap Growth Fund
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.59%♦ | |||
Communication Services — 0.27% | |||
Lions Gate Entertainment Class B † | 183,430 | $ 1,869,152 | |
1,869,152 | |||
Consumer Discretionary — 10.42% | |||
Academy Sports & Outdoors | 51,856 | 3,422,496 | |
Boot Barn Holdings † | 26,863 | 2,062,004 | |
Bowlero Class A † | 88,691 | 1,255,865 | |
Burlington Stores † | 12,230 | 2,378,490 | |
Cava Group † | 39,943 | 1,716,750 | |
Coursera † | 189,990 | 3,680,106 | |
Deckers Outdoor † | 6,342 | 4,239,183 | |
Domino's Pizza | 19,839 | 8,178,231 | |
DraftKings Class A † | 176,652 | 6,226,983 | |
Five Below † | 16,119 | 3,435,926 | |
Fox Factory Holding † | 22,589 | 1,524,306 | |
International Game Technology | 205,066 | 5,620,859 | |
Meritage Homes | 41,744 | 7,271,805 | |
Monro | 30,054 | 881,784 | |
Ollie's Bargain Outlet Holdings † | 37,278 | 2,829,027 | |
On Holding Class A † | 137,484 | 3,707,943 | |
Papa John's International | 37,907 | 2,889,651 | |
Shake Shack Class A † | 48,082 | 3,563,838 | |
Skyline Champion † | 42,499 | 3,155,976 | |
Topgolf Callaway Brands † | 129,543 | 1,857,647 | |
Wingstop | 8,262 | 2,119,864 | |
72,018,734 | |||
Consumer Staples — 4.99% | |||
BellRing Brands † | 41,728 | 2,312,983 | |
Coty Class A † | 294,403 | 3,656,485 | |
elf Beauty † | 54,155 | 7,816,733 | |
Freshpet † | 60,715 | 5,267,634 | |
Lamb Weston Holdings | 36,259 | 3,919,235 | |
Performance Food Group † | 62,502 | 4,322,013 | |
Simply Good Foods † | 81,687 | 3,234,805 | |
SunOpta † | 263,243 | 1,439,939 | |
TreeHouse Foods † | 60,923 | 2,525,259 | |
34,495,086 | |||
Energy — 2.68% | |||
Callon Petroleum † | 54,211 | 1,756,436 | |
ChampionX | 108,630 | 3,173,082 | |
Chesapeake Energy | 42,939 | 3,303,727 | |
Matador Resources | 94,925 | 5,397,436 | |
TechnipFMC | 242,155 | 4,877,002 | |
18,507,683 | |||
Financials — 10.88% | |||
Bancorp † | 80,777 | 3,114,761 | |
Blue Owl Capital | 245,493 | 3,657,846 | |
BRP Group Class A † | 166,071 | 3,989,025 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Financials (continued) | |||
Essent Group | 64,287 | $ 3,390,496 | |
Evercore Class A | 20,949 | 3,583,327 | |
Flywire † | 130,592 | 3,023,205 | |
MarketAxess Holdings | 8,638 | 2,529,638 | |
OneMain Holdings | 71,196 | 3,502,843 | |
Palomar Holdings † | 45,717 | 2,537,294 | |
PennyMac Financial Services | 94,441 | 8,345,751 | |
Pinnacle Financial Partners | 77,640 | 6,771,761 | |
Ryan Specialty Holdings † | 88,059 | 3,788,298 | |
Shift4 Payments Class A † | 26,563 | 1,974,693 | |
Skyward Specialty Insurance Group † | 114,257 | 3,871,027 | |
Stifel Financial | 63,461 | 4,388,328 | |
Triumph Financial † | 50,405 | 4,041,473 | |
Virtu Financial Class A | 85,907 | 1,740,476 | |
W R Berkley | 112,700 | 7,970,144 | |
WEX † | 15,339 | 2,984,203 | |
75,204,589 | |||
Healthcare — 18.55% | |||
Adaptive Biotechnologies † | 123,298 | 604,160 | |
ADMA Biologics † | 274,236 | 1,239,547 | |
Alphatec Holdings † | 114,682 | 1,732,845 | |
Amicus Therapeutics † | 196,288 | 2,785,327 | |
Avantor † | 205,052 | 4,681,337 | |
Axonics † | 80,527 | 5,011,195 | |
Axsome Therapeutics † | 27,524 | 2,190,635 | |
Azenta † | 31,330 | 2,040,836 | |
BioLife Solutions † | 96,233 | 1,563,786 | |
Blueprint Medicines † | 29,812 | 2,749,859 | |
Charles River Laboratories International † | 26,982 | 6,378,545 | |
CONMED | 33,563 | 3,675,484 | |
Cytokinetics † | 41,984 | 3,505,244 | |
Dynavax Technologies † | 172,840 | 2,416,303 | |
Encompass Health | 85,619 | 5,712,500 | |
Evolent Health Class A † | 95,389 | 3,150,699 | |
Glaukos † | 58,791 | 4,673,297 | |
Haemonetics † | 38,025 | 3,251,518 | |
HealthEquity † | 44,382 | 2,942,527 | |
ICON † | 18,826 | 5,329,076 | |
Immunovant † | 40,626 | 1,711,573 | |
Inari Medical † | 103,681 | 6,730,970 | |
Insmed † | 93,666 | 2,902,709 | |
Ionis Pharmaceuticals † | 35,025 | 1,771,915 | |
iRhythm Technologies † | 22,641 | 2,423,493 | |
Myriad Genetics † | 98,730 | 1,889,692 | |
Natera † | 136,979 | 8,580,364 | |
Neurocrine Biosciences † | 52,871 | 6,966,283 | |
Omnicell † | 44,528 | 1,675,589 |
NQ- OPTSG [1223] 0224 (3376060) 1
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Healthcare (continued) | |||
Option Care Health † | 193,613 | $ 6,522,822 | |
Phreesia † | 99,860 | 2,311,759 | |
Privia Health Group † | 76,074 | 1,751,984 | |
Repligen † | 21,771 | 3,914,426 | |
Sarepta Therapeutics † | 12,583 | 1,213,379 | |
SI-BONE † | 126,301 | 2,651,058 | |
SpringWorks Therapeutics † | 45,830 | 1,672,795 | |
Syndax Pharmaceuticals † | 64,090 | 1,384,985 | |
TransMedics Group † | 19,258 | 1,520,034 | |
Ultragenyx Pharmaceutical † | 38,970 | 1,863,545 | |
US Physical Therapy | 33,831 | 3,151,019 | |
128,245,114 | |||
Industrials — 20.55% | |||
Advanced Drainage Systems | 24,798 | 3,487,591 | |
Applied Industrial Technologies | 28,934 | 4,996,612 | |
ASGN † | 50,404 | 4,847,353 | |
Atkore † | 18,385 | 2,941,600 | |
Axon Enterprise † | 11,847 | 3,060,436 | |
AZEK † | 70,661 | 2,702,783 | |
Boise Cascade | 23,837 | 3,083,554 | |
Builders FirstSource † | 10,127 | 1,690,601 | |
BWX Technologies | 41,529 | 3,186,520 | |
Chart Industries † | 22,836 | 3,113,232 | |
Core & Main Class A † | 78,637 | 3,177,721 | |
Dycom Industries † | 29,336 | 3,376,280 | |
EMCOR Group | 19,464 | 4,193,130 | |
Flowserve | 47,819 | 1,971,099 | |
Fluence Energy † | 138,491 | 3,303,010 | |
FTAI Aviation | 52,022 | 2,413,821 | |
FTI Consulting † | 23,182 | 4,616,695 | |
Generac Holdings † | 14,517 | 1,876,177 | |
GXO Logistics † | 177,533 | 10,857,918 | |
Howmet Aerospace | 182,166 | 9,858,824 | |
ICF International | 32,120 | 4,306,971 | |
KBR | 80,116 | 4,439,228 | |
Knight-Swift Transportation Holdings | 49,909 | 2,877,254 | |
Kratos Defense & Security Solutions † | 423,604 | 8,594,925 | |
Leidos Holdings | 20,797 | 2,251,067 | |
Masonite International † | 33,984 | 2,877,085 | |
Montrose Environmental Group † | 73,458 | 2,360,206 | |
MYR Group † | 21,023 | 3,040,557 | |
OPENLANE † | 109,243 | 1,617,889 | |
RB Global | 21,317 | 1,425,894 | |
Schneider National Class B | 77,563 | 1,973,978 | |
SPX Technologies † | 43,778 | 4,422,016 | |
SS&C Technologies Holdings | 87,144 | 5,325,370 | |
Stanley Black & Decker | 49,480 | 4,853,988 |
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Industrials (continued) | |||
Verra Mobility † | 190,975 | $ 4,398,154 | |
Wabash National | 107,639 | 2,757,711 | |
XPO † | 33,986 | 2,976,834 | |
Zurn Elkay Water Solutions | 93,578 | 2,752,129 | |
142,006,213 | |||
Information Technology — 25.56% | |||
Advanced Energy Industries | 23,323 | 2,540,341 | |
Bentley Systems Class B | 76,852 | 4,010,137 | |
BILL Holdings † | 21,931 | 1,789,350 | |
Box Class A † | 161,453 | 4,134,811 | |
Braze Class A † | 79,666 | 4,232,655 | |
Ciena † | 81,449 | 3,666,020 | |
Clearwater Analytics Holdings Class A † | 276,839 | 5,545,085 | |
Coherent † | 145,726 | 6,343,453 | |
Confluent Class A † | 100,673 | 2,355,748 | |
CyberArk Software † | 18,180 | 3,982,329 | |
DoubleVerify Holdings † | 162,471 | 5,975,683 | |
Dynatrace † | 94,629 | 5,175,260 | |
Elastic † | 16,369 | 1,844,786 | |
Endava ADR † | 49,591 | 3,860,659 | |
Entegris | 39,247 | 4,702,576 | |
FormFactor † | 46,738 | 1,949,442 | |
Freshworks Class A † | 347,585 | 8,164,772 | |
Globant † | 22,045 | 5,246,269 | |
HashiCorp Class A † | 84,217 | 1,990,890 | |
Itron † | 35,748 | 2,699,331 | |
Jamf Holding † | 165,303 | 2,985,372 | |
JFrog † | 118,918 | 4,115,752 | |
LiveRamp Holdings † | 94,337 | 3,573,486 | |
Lumentum Holdings † | 43,981 | 2,305,484 | |
MACOM Technology Solutions Holdings † | 92,594 | 8,606,612 | |
Manhattan Associates † | 32,629 | 7,025,676 | |
Nutanix Class A † | 75,366 | 3,594,205 | |
Onto Innovation † | 49,671 | 7,594,696 | |
PagerDuty † | 114,371 | 2,647,689 | |
PAR Technology † | 55,097 | 2,398,923 | |
PTC † | 33,700 | 5,896,152 | |
Pure Storage Class A † | 63,617 | 2,268,582 | |
Rambus † | 148,216 | 10,115,742 | |
Rogers † | 16,007 | 2,114,045 | |
Samsara Class A † | 64,624 | 2,157,149 | |
SiTime † | 20,402 | 2,490,676 | |
Sprinklr Class A † | 147,506 | 1,775,972 | |
Sprout Social Class A † | 43,163 | 2,651,935 | |
Synaptics † | 20,992 | 2,394,767 | |
Teradyne | 24,509 | 2,659,717 | |
Twilio Class A † | 25,818 | 1,958,812 |
2 NQ- OPTSG [1223] 0224 (3376060)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks♦ (continued) | |||
Information Technology (continued) | |||
Varonis Systems † | 74,505 | $ 3,373,586 | |
Vertex Class A † | 135,192 | 3,642,073 | |
Western Digital † | 121,783 | 6,377,776 | |
Zuora Class A † | 186,783 | 1,755,760 | |
176,690,236 | |||
Materials — 3.43% | |||
Carpenter Technology | 81,936 | 5,801,069 | |
Element Solutions | 222,733 | 5,154,042 | |
Martin Marietta Materials | 14,586 | 7,277,101 | |
Orion | 103,232 | 2,862,623 | |
Steel Dynamics | 21,934 | 2,590,406 | |
23,685,241 | |||
Real Estate — 1.26% | |||
DigitalBridge Group | 131,148 | 2,300,336 | |
Jones Lang LaSalle † | 18,196 | 3,436,678 | |
Ryman Hospitality Properties | 27,100 | 2,982,626 | |
8,719,640 | |||
Total Common Stocks (cost $611,515,463) | 681,441,688 | ||
Convertible Preferred Stock — 0.02% | |||
Honest Series D =, †, π | 15,249 | 106,372 | |
Total Convertible Preferred Stock (cost $697,718) | 106,372 | ||
Warrant — 0.00% | |||
DraftKings strike price $25, expiration date 4/23/25 =, † | 399 | 0 | |
Total Warrant (cost $0) | 0 | ||
Short-Term Investments — 1.75% | |||
Money Market Mutual Funds — 1.75% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.26%) | 3,025,901 | 3,025,901 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.25%) | 3,025,901 | 3,025,901 |
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 5.37%) | 3,025,902 | $ 3,025,902 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 3,025,901 | 3,025,901 | |
Total Short-Term Investments (cost $12,103,605) | 12,103,605 | ||
Total Value of Securities—100.36% (cost $624,316,786) | 693,651,665 | ||
Liabilities Net of Receivables and Other Assets—(0.36%) | (2,495,555) | ||
Net Assets Applicable to 55,705,768 Shares Outstanding—100.00% | $691,156,110 |
♦ | 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. |
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, 2023, the aggregate value of restricted securities was $106,372 which represented percentage of 0.02% of the Fund’s net assets. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
Honest Series D | 8/3/15 | $697,718 | $106,372 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ- OPTSG [1223] 0224 (3376060) 3