Schedule of investments
Optimum Small-Mid Cap Value Fund
December 31, 2023 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.25% | |||
Communication Services — 4.97% | |||
AMC Networks Class A † | 30,800 | $ 578,732 | |
Fox Class A | 51,300 | 1,522,071 | |
John Wiley & Sons Class A | 31,295 | 993,303 | |
Nexstar Media Group | 101,956 | 15,981,603 | |
Playtika Holding † | 189,100 | 1,648,952 | |
Shutterstock | 32,900 | 1,588,412 | |
TEGNA | 69,900 | 1,069,470 | |
Ziff Davis † | 135,458 | 9,101,423 | |
32,483,966 | |||
Consumer Discretionary — 11.88% | |||
Aaron's | 45,700 | 497,216 | |
Academy Sports & Outdoors | 26,041 | 1,718,706 | |
American Axle & Manufacturing Holdings † | 93,200 | 821,092 | |
Bloomin' Brands | 74,100 | 2,085,915 | |
BorgWarner | 41,200 | 1,477,020 | |
Brunswick | 21,300 | 2,060,775 | |
Capri Holdings † | 25,588 | 1,285,541 | |
Dick's Sporting Goods | 17,900 | 2,630,405 | |
Foot Locker | 31,200 | 971,880 | |
Goodyear Tire & Rubber † | 70,000 | 1,002,400 | |
Guess? | 47,500 | 1,095,350 | |
H&R Block | 40,400 | 1,954,148 | |
Harley-Davidson | 43,800 | 1,613,592 | |
Haverty Furniture | 43,900 | 1,558,450 | |
Helen of Troy † | 25,468 | 3,076,789 | |
Jack in the Box | 15,291 | 1,248,205 | |
Kohl's | 47,900 | 1,373,772 | |
Lear | 8,300 | 1,172,043 | |
Lithia Motors | 35,760 | 11,775,053 | |
Macy's | 73,400 | 1,476,808 | |
Malibu Boats Class A † | 19,500 | 1,068,990 | |
Mohawk Industries † | 13,600 | 1,407,600 | |
Nordstrom | 28,400 | 523,980 | |
ODP † | 29,100 | 1,638,330 | |
Penske Automotive Group | 19,800 | 3,178,098 | |
Perdoceo Education | 52,600 | 923,656 | |
Phinia | 12,800 | 387,712 | |
Polaris | 11,800 | 1,118,286 | |
PulteGroup | 47,700 | 4,923,594 | |
PVH | 23,100 | 2,820,972 | |
Sally Beauty Holdings † | 65,000 | 863,200 | |
Shoe Carnival | 400 | 12,084 | |
Smith & Wesson Brands | 67,800 | 919,368 | |
Tapestry | 37,600 | 1,384,056 | |
Thor Industries | 9,700 | 1,147,025 | |
Toll Brothers | 49,500 | 5,088,105 | |
Travel + Leisure | 12,500 | 488,625 | |
Victoria's Secret & Co. † | 158,008 | 4,193,532 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Whirlpool | 21,600 | $ 2,630,232 | |
Winnebago Industries | 28,300 | 2,062,504 | |
77,675,109 | |||
Consumer Staples — 5.51% | |||
Albertsons Class A | 103,000 | 2,369,000 | |
Bunge Global | 15,200 | 1,534,440 | |
Conagra Brands | 48,100 | 1,378,546 | |
Herbalife † | 35,500 | 541,730 | |
Ingles Markets Class A | 12,677 | 1,094,912 | |
Ingredion | 30,700 | 3,331,871 | |
Molson Coors Beverage Class B | 82,900 | 5,074,309 | |
Spectrum Brands Holdings | 136,928 | 10,922,747 | |
Sprouts Farmers Market † | 78,800 | 3,791,068 | |
US Foods Holding † | 132,127 | 5,999,887 | |
36,038,510 | |||
Energy — 6.70% | |||
APA | 51,700 | 1,854,996 | |
California Resources | 36,800 | 2,012,224 | |
Civitas Resources | 14,500 | 991,510 | |
CNX Resources † | 101,800 | 2,036,000 | |
DT Midstream | 202,451 | 11,094,315 | |
Helmerich & Payne | 37,700 | 1,365,494 | |
HF Sinclair | 68,100 | 3,784,317 | |
Magnolia Oil & Gas Class A | 240,114 | 5,112,027 | |
Marathon Oil | 139,800 | 3,377,568 | |
PBF Energy Class A | 34,000 | 1,494,640 | |
Scorpio Tankers | 20,200 | 1,228,160 | |
TechnipFMC | 412,885 | 8,315,504 | |
Vitesse Energy | 9,109 | 199,396 | |
World Kinect | 39,900 | 908,922 | |
43,775,073 | |||
Financials — 19.63% | |||
Affiliated Managers Group | 9,500 | 1,438,490 | |
Ally Financial | 70,700 | 2,468,844 | |
American Financial Group | 8,600 | 1,022,454 | |
Annaly Capital Management | 52,450 | 1,015,957 | |
Apollo Commercial Real Estate Finance | 77,600 | 911,024 | |
Ares Capital | 85,300 | 1,708,559 | |
Associated Banc-Corp | 121,500 | 2,598,885 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 1,481,926 | |
Berkshire Hills Bancorp | 36,700 | 911,261 | |
BGC Group Class A | 1,259,620 | 9,094,456 | |
Blue Owl Capital | 77,200 | 1,139,472 | |
Carlyle Secured Lending | 64,600 | 966,416 | |
Cathay General Bancorp | 30,000 | 1,337,100 | |
Citizens Financial Group | 37,300 | 1,236,122 |
NQ- OPTSV [1223] 0224 (3376065) 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 | $ 1,709,112 | |
CNO Financial Group | 144,200 | 4,023,180 | |
Columbia Banking System | 298,512 | 7,964,300 | |
Comerica | 46,200 | 2,578,422 | |
Customers Bancorp † | 30,400 | 1,751,648 | |
Employers Holdings | 25,290 | 996,426 | |
Equitable Holdings | 33,100 | 1,102,230 | |
Essent Group | 26,800 | 1,413,432 | |
Euronet Worldwide † | 47,594 | 4,830,315 | |
Everest Group | 4,800 | 1,697,184 | |
Fidelity National Financial | 51,500 | 2,627,530 | |
Fifth Third Bancorp | 57,600 | 1,986,624 | |
First American Financial | 19,540 | 1,259,158 | |
First BanCorp | 66,100 | 1,087,345 | |
First Busey | 74,400 | 1,846,608 | |
First Merchants | 172,499 | 6,396,263 | |
FleetCor Technologies † | 5,600 | 1,582,616 | |
FS KKR Capital | 57,750 | 1,153,267 | |
Hancock Whitney | 24,300 | 1,180,737 | |
Hanmi Financial | 56,800 | 1,101,920 | |
HomeStreet | 22,099 | 227,620 | |
Hope Bancorp | 122,400 | 1,478,592 | |
Lincoln National | 33,300 | 898,101 | |
MGIC Investment | 107,200 | 2,067,888 | |
NCR Atleos † | 18,600 | 451,794 | |
New Mountain Finance | 95,300 | 1,212,216 | |
Oaktree Specialty Lending | 1,431 | 29,221 | |
OFG Bancorp | 70,900 | 2,657,332 | |
Old Republic International | 40,800 | 1,199,520 | |
OneMain Holdings | 24,900 | 1,225,080 | |
Pacific Premier Bancorp | 228,896 | 6,663,163 | |
Popular | 18,700 | 1,534,709 | |
PROG Holdings † | 39,600 | 1,224,036 | |
Radian Group | 69,500 | 1,984,225 | |
Regions Financial | 135,500 | 2,625,990 | |
Reinsurance Group of America | 13,600 | 2,200,208 | |
Rithm Capital | 131,300 | 1,402,284 | |
Starwood Property Trust | 485,118 | 10,197,180 | |
Synchrony Financial | 59,000 | 2,253,210 | |
Synovus Financial | 32,900 | 1,238,685 | |
Universal Insurance Holdings | 11,600 | 185,368 | |
Unum Group | 75,700 | 3,423,154 | |
Veritex Holdings | 51,700 | 1,203,059 | |
Victory Capital Holdings Class A | 39,300 | 1,353,492 | |
Western Union | 66,100 | 787,912 | |
Zions Bancorp | 67,700 | 2,969,999 | |
128,313,321 | |||
Healthcare — 5.34% | |||
DaVita † | 16,400 | 1,718,064 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Enovis † | 108,455 | $ 6,075,649 | |
Globus Medical Class A † | 71,381 | 3,803,894 | |
Ironwood Pharmaceuticals † | 167,200 | 1,912,768 | |
Jazz Pharmaceuticals † | 35,100 | 4,317,300 | |
LivaNova † | 83,141 | 4,301,715 | |
Quest Diagnostics | 8,800 | 1,213,344 | |
QuidelOrtho † | 37,430 | 2,758,591 | |
Select Medical Holdings | 42,000 | 987,000 | |
United Therapeutics † | 11,800 | 2,594,702 | |
Universal Health Services Class B | 22,600 | 3,445,144 | |
Viatris | 165,100 | 1,788,033 | |
34,916,204 | |||
Industrials — 20.36% | |||
ACCO Brands | 146,000 | 887,680 | |
Acuity Brands | 13,900 | 2,847,137 | |
AGCO | 42,100 | 5,111,361 | |
Alaska Air Group † | 26,700 | 1,043,169 | |
Allison Transmission Holdings | 55,500 | 3,227,325 | |
Apogee Enterprises | 36,200 | 1,933,442 | |
ArcBest | 20,700 | 2,488,347 | |
Atkore † | 37,900 | 6,064,000 | |
Boise Cascade | 21,300 | 2,755,368 | |
Builders FirstSource † | 23,200 | 3,873,008 | |
BWX Technologies | 149,999 | 11,509,423 | |
CNH Industrial | 199,400 | 2,428,692 | |
CoreCivic † | 16,500 | 239,745 | |
Covenant Logistics Group | 59,100 | 2,720,964 | |
CSG Systems International | 21,152 | 1,125,498 | |
Deluxe | 29,800 | 639,210 | |
Encore Wire | 7,300 | 1,559,280 | |
Ennis | 45,800 | 1,003,478 | |
Esab | 103,498 | 8,964,997 | |
Griffon | 2,545 | 155,118 | |
GXO Logistics † | 180,891 | 11,063,293 | |
Huntington Ingalls Industries | 6,200 | 1,609,768 | |
Kaman | 94,836 | 2,271,322 | |
ManpowerGroup | 26,300 | 2,090,061 | |
Matson | 8,800 | 964,480 | |
Middleby † | 21,099 | 3,105,140 | |
MillerKnoll | 86,600 | 2,310,488 | |
Moog Class A | 10,500 | 1,520,190 | |
OPENLANE † | 480,608 | 7,117,804 | |
Oshkosh | 19,000 | 2,059,790 | |
Owens Corning | 35,500 | 5,262,165 | |
Primoris Services | 66,384 | 2,204,613 | |
Quanex Building Products | 54,980 | 1,680,739 | |
RB Global | 49,212 | 3,291,791 | |
Ryder System | 27,700 | 3,187,162 | |
Snap-on | 9,300 | 2,686,212 |
2 NQ- OPTSV [1223] 0224 (3376065)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Textron | 54,600 | $ 4,390,932 | |
Timken | 13,900 | 1,114,085 | |
United Airlines Holdings † | 31,900 | 1,316,194 | |
Verra Mobility † | 314,604 | 7,245,330 | |
Wabash National | 45,100 | 1,155,462 | |
XPO † | 55,254 | 4,839,698 | |
133,063,961 | |||
Information Technology — 7.51% | |||
ACI Worldwide † | 186,647 | 5,711,398 | |
Adeia | 42,600 | 527,814 | |
Amdocs | 22,500 | 1,977,525 | |
Amkor Technology | 102,600 | 3,413,502 | |
Arrow Electronics † | 24,580 | 3,004,905 | |
Cirrus Logic † | 15,100 | 1,256,169 | |
Consensus Cloud Solutions † | 71,997 | 1,887,041 | |
Dropbox Class A † | 33,500 | 987,580 | |
Jabil | 32,500 | 4,140,500 | |
Kimball Electronics † | 36,600 | 986,370 | |
Kyndryl Holdings † | 70,088 | 1,456,428 | |
Methode Electronics | 16,700 | 379,591 | |
NCR Voyix † | 37,200 | 629,052 | |
NetApp | 32,700 | 2,882,832 | |
Sanmina † | 53,000 | 2,722,610 | |
Skyworks Solutions | 14,400 | 1,618,848 | |
TD SYNNEX | 13,700 | 1,474,257 | |
Teledyne Technologies † | 9,744 | 4,348,650 | |
Teradata † | 72,415 | 3,150,777 | |
Verint Systems † | 155,998 | 4,216,626 | |
Vishay Precision Group † | 35,910 | 1,223,454 | |
Xerox Holdings | 61,300 | 1,123,629 | |
49,119,558 | |||
Materials — 8.18% | |||
Arch Resources | 6,700 | 1,111,798 | |
Ashland | 50,746 | 4,278,395 | |
Axalta Coating Systems † | 307,056 | 10,430,692 | |
Berry Global Group | 48,200 | 3,248,198 | |
Chemours | 37,600 | 1,185,904 | |
Eastman Chemical | 12,000 | 1,077,840 | |
FMC | 69,440 | 4,378,192 | |
Greif Class A | 22,500 | 1,475,775 | |
Huntsman | 28,100 | 706,153 | |
Koppers Holdings | 37,700 | 1,930,994 | |
Mosaic | 37,000 | 1,322,010 | |
O-I Glass † | 59,800 | 979,524 | |
Reliance Steel & Aluminum | 13,595 | 3,802,250 | |
Silgan Holdings | 328,408 | 14,860,462 | |
Steel Dynamics | 22,700 | 2,680,870 | |
Tronox Holdings | 2,000 | 28,320 | |
53,497,377 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Real Estate — 6.80% | |||
American Assets Trust | 37,200 | $ 837,372 | |
Apple Hospitality REIT | 114,600 | 1,903,506 | |
Armada Hoffler Properties | 100,700 | 1,245,659 | |
Brixmor Property Group | 80,400 | 1,870,908 | |
City Office REIT | 137,000 | 837,070 | |
CTO Realty Growth | 46,500 | 805,845 | |
EPR Properties | 45,900 | 2,223,855 | |
Equity Commonwealth | 267,312 | 5,132,390 | |
Franklin Street Properties | 93,612 | 239,647 | |
Gaming and Leisure Properties | 264,235 | 13,039,997 | |
Global Net Lease | 3,700 | 36,815 | |
Host Hotels & Resorts | 140,600 | 2,737,482 | |
Industrial Logistics Properties Trust | 63,789 | 299,808 | |
Kite Realty Group Trust | 63,600 | 1,453,896 | |
Newmark Group Class A | 415,784 | 4,556,993 | |
Office Properties Income Trust | 45,688 | 334,436 | |
Omega Healthcare Investors | 32,700 | 1,002,582 | |
Piedmont Office Realty Trust Class A | 78,300 | 556,713 | |
Sabra Health Care REIT | 164,500 | 2,347,415 | |
Service Properties Trust | 104,300 | 890,722 | |
Tanger | 52,400 | 1,452,528 | |
Uniti Group | 107,160 | 619,385 | |
44,425,024 | |||
Utilities — 1.37% | |||
National Fuel Gas | 44,100 | 2,212,497 | |
NRG Energy | 39,500 | 2,042,150 | |
UGI | 45,200 | 1,111,920 | |
Vistra | 93,700 | 3,609,324 | |
8,975,891 | |||
Total Common Stocks (cost $554,572,144) | 642,283,994 | ||
Short-Term Investments — 1.30% | |||
Money Market Mutual Funds — 1.30% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.26%) | 2,123,098 | 2,123,098 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.25%) | 2,123,098 | 2,123,098 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.37%) | 2,123,098 | 2,123,098 |
NQ- OPTSV [1223] 0224 (3376065) 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) | |||
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.27%) | 2,123,099 | $ 2,123,099 | |
Total Short-Term Investments (cost $8,492,393) | 8,492,393 | ||
Total Value of Securities—99.55% (cost $563,064,537) | 650,776,387 | ||
Receivables and Other Assets Net of Liabilities—0.45% | 2,961,686 | ||
Net Assets Applicable to 46,435,710 Shares Outstanding—100.00% | $653,738,073 |
† | Non-income producing security. |
Summary of abbreviations: |
REIT – Real Estate Investment Trust |
4 NQ- OPTSV [1223] 0224 (3376065)