Schedule of investments
Optimum Small-Mid Cap Value Fund
June 30, 2024 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.46% | |||
Communication Services — 2.26% | |||
AMC Networks Class A † | 30,800 | $ 297,528 | |
Cargurus † | 216,567 | 5,674,055 | |
Fox Class A | 51,300 | 1,763,181 | |
Nexstar Media Group | 18,100 | 3,004,781 | |
Playtika Holding | 189,100 | 1,488,217 | |
Shutterstock | 32,900 | 1,273,230 | |
TEGNA | 69,900 | 974,406 | |
14,475,398 | |||
Consumer Discretionary — 13.80% | |||
Aaron's | 45,700 | 456,086 | |
Academy Sports & Outdoors | 26,041 | 1,386,683 | |
American Axle & Manufacturing Holdings † | 93,200 | 651,468 | |
Autoliv, Inc. | 17,700 | 1,893,723 | |
AutoNation † | 6,600 | 1,051,908 | |
Bloomin' Brands | 74,100 | 1,424,943 | |
BorgWarner | 41,200 | 1,328,288 | |
Brunswick | 21,300 | 1,550,001 | |
Capri Holdings † | 25,588 | 846,451 | |
Dick's Sporting Goods | 17,900 | 3,845,815 | |
El Pollo Loco Holdings † | 55,754 | 630,578 | |
Expedia Group † | 17,400 | 2,192,226 | |
Gentex | 243,134 | 8,196,047 | |
Goodyear Tire & Rubber † | 575,374 | 6,530,495 | |
Guess? | 47,500 | 969,000 | |
H&R Block | 40,400 | 2,190,892 | |
Harley-Davidson | 59,700 | 2,002,338 | |
Haverty Furniture | 43,900 | 1,110,231 | |
Jack in the Box | 15,291 | 778,924 | |
Kohl's | 47,900 | 1,101,221 | |
Lear | 8,300 | 947,943 | |
Macy's | 73,400 | 1,409,280 | |
Malibu Boats Class A † | 19,500 | 683,280 | |
Mattel † | 71,700 | 1,165,842 | |
Mohawk Industries † | 13,600 | 1,544,824 | |
Nordstrom | 28,400 | 602,648 | |
ODP † | 29,100 | 1,142,757 | |
Penske Automotive Group | 13,400 | 1,996,868 | |
Perdoceo Education | 69,500 | 1,488,690 | |
Phinia | 12,800 | 503,808 | |
Polaris | 11,800 | 924,058 | |
PulteGroup | 39,300 | 4,326,930 | |
PVH | 23,100 | 2,445,597 | |
Sally Beauty Holdings † | 65,000 | 697,450 | |
Shoe Carnival | 400 | 14,756 | |
Smith & Wesson Brands | 67,800 | 972,252 | |
Steven Madden | 163,824 | 6,929,755 | |
Tapestry | 37,600 | 1,608,904 | |
Toll Brothers | 46,500 | 5,355,870 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Consumer Discretionary (continued) | |||
Travel + Leisure | 12,500 | $ 562,250 | |
Whirlpool | 21,600 | 2,207,520 | |
Winnebago Industries | 28,300 | 1,533,860 | |
Wyndham Hotels & Resorts | 125,884 | 9,315,416 | |
88,517,876 | |||
Consumer Staples — 4.00% | |||
Albertsons Class A | 103,000 | 2,034,250 | |
Bunge Global | 20,700 | 2,210,139 | |
Conagra Brands | 37,200 | 1,057,224 | |
Herbalife † | 35,500 | 368,845 | |
Ingles Markets Class A | 12,677 | 869,769 | |
Ingredion | 30,700 | 3,521,290 | |
Molson Coors Beverage Class B | 78,000 | 3,964,740 | |
Sprouts Farmers Market † | 17,800 | 1,489,148 | |
US Foods Holding † | 191,658 | 10,154,041 | |
25,669,446 | |||
Energy — 5.33% | |||
APA | 51,700 | 1,522,048 | |
California Resources | 36,800 | 1,958,496 | |
CNX Resources † | 101,800 | 2,473,740 | |
EQT | 231,080 | 8,545,338 | |
Helmerich & Payne | 60,200 | 2,175,628 | |
HF Sinclair | 68,100 | 3,632,454 | |
Marathon Oil | 306,222 | 8,779,385 | |
PBF Energy Class A | 28,600 | 1,316,172 | |
Scorpio Tankers | 30,900 | 2,511,861 | |
Vitesse Energy | 9,109 | 215,883 | |
World Kinect | 39,900 | 1,029,420 | |
34,160,425 | |||
Financials — 24.27% | |||
Affiliated Managers Group | 9,500 | 1,484,185 | |
Ally Financial | 70,700 | 2,804,669 | |
American Financial Group | 8,600 | 1,057,972 | |
Annaly Capital Management | 52,450 | 999,697 | |
Apollo Commercial Real Estate Finance | 77,600 | 759,704 | |
Ares Capital | 85,300 | 1,777,652 | |
Associated Banc-Corp | 121,500 | 2,569,725 | |
Banco Latinoamericano de Comercio Exterior Class E | 59,900 | 1,777,233 | |
Berkshire Hills Bancorp | 54,900 | 1,251,720 | |
Blue Owl Capital | 77,200 | 1,185,792 | |
Cadence Bank | 324,443 | 9,175,248 | |
Carlyle Secured Lending | 64,600 | 1,146,004 | |
Cathay General Bancorp | 30,000 | 1,131,600 | |
Citizens Financial Group | 37,300 | 1,343,919 | |
CNA Financial | 40,395 | 1,860,998 | |
CNO Financial Group | 144,200 | 3,997,224 |
NQ- OPTSV [0624] 0824 (3775189) 1
Schedule of investments
Optimum Small-Mid Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Comerica | 37,300 | $ 1,903,792 | |
Corpay † | 5,600 | 1,491,896 | |
Customers Bancorp † | 30,400 | 1,458,592 | |
Employers Holdings | 49,550 | 2,112,316 | |
Equitable Holdings | 33,100 | 1,352,466 | |
Essent Group | 26,800 | 1,505,892 | |
Everest Group | 25,894 | 9,866,132 | |
Fidelity National Financial | 31,900 | 1,576,498 | |
Fifth Third Bancorp | 30,200 | 1,101,998 | |
First BanCorp | 66,100 | 1,208,969 | |
First Busey | 74,400 | 1,801,224 | |
FS KKR Capital | 57,750 | 1,139,408 | |
Hancock Whitney | 24,300 | 1,162,269 | |
Hanmi Financial | 56,800 | 949,696 | |
Hanover Insurance Group | 39,547 | 4,960,776 | |
Hope Bancorp | 122,400 | 1,314,576 | |
Kemper | 178,795 | 10,607,907 | |
Lincoln National | 33,300 | 1,035,630 | |
M&T Bank | 54,485 | 8,246,850 | |
MGIC Investment | 107,200 | 2,310,160 | |
NCR Atleos † | 18,600 | 502,572 | |
New Mountain Finance | 95,300 | 1,166,472 | |
OFG Bancorp | 70,900 | 2,655,205 | |
Old Republic International | 40,800 | 1,260,720 | |
OneMain Holdings | 24,900 | 1,207,401 | |
Popular | 18,700 | 1,653,641 | |
Preferred Bank | 11,600 | 875,684 | |
PROG Holdings | 39,600 | 1,373,328 | |
Radian Group | 69,500 | 2,161,450 | |
Regions Financial | 135,500 | 2,715,420 | |
Reinsurance Group of America | 13,600 | 2,791,672 | |
Rithm Capital | 131,300 | 1,432,483 | |
SouthState | 101,839 | 7,782,536 | |
StepStone Group Class A | 160,682 | 7,373,697 | |
Synchrony Financial | 59,000 | 2,784,210 | |
Synovus Financial | 32,900 | 1,322,251 | |
TPG | 171,363 | 7,102,996 | |
Universal Insurance Holdings | 11,600 | 217,616 | |
Unum Group | 75,700 | 3,869,027 | |
Veritex Holdings | 51,700 | 1,090,353 | |
Victory Capital Holdings Class A | 39,300 | 1,875,789 | |
Voya Financial | 102,335 | 7,281,135 | |
Western Union | 66,100 | 807,742 | |
Zions Bancorp | 67,700 | 2,936,149 | |
155,669,938 | |||
Healthcare — 5.69% | |||
Baxter International | 54,100 | 1,809,645 | |
DaVita † | 16,400 | 2,272,548 | |
DENTSPLY SIRONA | 189,092 | 4,710,282 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Exelixis † | 100,800 | $ 2,264,976 | |
Integra LifeSciences Holdings † | 211,755 | 6,170,541 | |
Ironwood Pharmaceuticals † | 167,200 | 1,090,144 | |
Jazz Pharmaceuticals † | 35,100 | 3,746,223 | |
Organon & Co. | 107,300 | 2,221,110 | |
Select Medical Holdings | 33,800 | 1,185,028 | |
United Therapeutics † | 15,870 | 5,055,388 | |
Universal Health Services Class B | 22,600 | 4,179,418 | |
Viatris | 165,100 | 1,755,013 | |
36,460,316 | |||
Industrials — 17.81% | |||
ACCO Brands | 146,000 | 686,200 | |
Acuity Brands | 13,900 | 3,356,016 | |
AerCap Holdings | 61,834 | 5,762,929 | |
AGCO | 42,100 | 4,120,748 | |
Allison Transmission Holdings | 55,500 | 4,212,450 | |
Apogee Enterprises | 36,200 | 2,274,627 | |
ArcBest | 20,700 | 2,216,556 | |
Atkore | 30,700 | 4,142,351 | |
Boise Cascade | 77,799 | 9,275,196 | |
Builders FirstSource † | 23,200 | 3,211,112 | |
CNH Industrial | 285,900 | 2,896,167 | |
Covenant Logistics Group | 18,600 | 916,794 | |
CSG Systems International | 21,152 | 870,828 | |
Delta Air Lines | 128,011 | 6,072,842 | |
Deluxe | 29,800 | 669,308 | |
Ennis | 45,800 | 1,002,562 | |
Fortune Brands Innovations | 110,518 | 7,177,039 | |
Griffon | 17,900 | 1,143,094 | |
Huntington Ingalls Industries | 6,200 | 1,527,246 | |
John Bean Technologies | 70,359 | 6,681,994 | |
Knight-Swift Transportation Holdings | 170,402 | 8,506,468 | |
ManpowerGroup | 26,300 | 1,835,740 | |
Matson | 8,800 | 1,152,536 | |
Middleby † | 63,798 | 7,822,273 | |
MillerKnoll | 86,600 | 2,294,034 | |
Moog Class A | 7,900 | 1,321,670 | |
Oshkosh | 22,400 | 2,423,680 | |
Owens Corning | 19,700 | 3,422,284 | |
Primoris Services | 34,400 | 1,716,216 | |
Quanex Building Products | 54,980 | 1,520,197 | |
Ryder System | 27,700 | 3,431,476 | |
Snap-on | 9,300 | 2,430,927 | |
Textron | 54,600 | 4,687,956 | |
Timken | 10,800 | 865,404 | |
United Airlines Holdings † | 31,900 | 1,552,254 |
2 NQ- OPTSV [0624] 0824 (3775189)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Wabash National | 45,100 | $ 984,984 | |
114,184,158 | |||
Information Technology — 9.79% | |||
Adeia | 157,800 | 1,764,993 | |
Amdocs | 29,400 | 2,320,248 | |
Amkor Technology | 102,600 | 4,106,052 | |
Arrow Electronics † | 24,580 | 2,968,281 | |
Belden | 82,193 | 7,709,703 | |
Cirrus Logic † | 15,100 | 1,927,666 | |
Coherent † | 109,665 | 7,946,326 | |
Dropbox Class A † | 63,600 | 1,429,092 | |
Flex † | 229,854 | 6,778,395 | |
Jabil | 27,500 | 2,991,725 | |
Kimball Electronics † | 36,600 | 804,468 | |
Methode Electronics | 8,100 | 83,835 | |
MKS Instruments | 47,607 | 6,216,522 | |
NCR Voyix † | 37,200 | 459,420 | |
NetApp | 28,800 | 3,709,440 | |
Sanmina † | 53,000 | 3,511,250 | |
Silicon Motion Technology ADR | 51,981 | 4,209,941 | |
Skyworks Solutions | 14,400 | 1,534,752 | |
TD SYNNEX | 13,700 | 1,580,980 | |
Xerox Holdings | 61,300 | 712,306 | |
62,765,395 | |||
Materials — 6.91% | |||
Arch Resources | 6,700 | 1,019,941 | |
Berry Global Group | 48,200 | 2,836,570 | |
Chemours | 37,600 | 848,632 | |
Eastman Chemical | 12,000 | 1,175,640 | |
FMC | 125,473 | 7,220,971 | |
Greif Class A | 17,100 | 982,737 | |
Huntsman | 299,579 | 6,821,414 | |
Ingevity † | 128,647 | 5,623,160 | |
Koppers Holdings | 37,700 | 1,394,523 | |
Mosaic | 37,000 | 1,069,300 | |
O-I Glass † | 59,800 | 665,574 | |
Reliance | 38,169 | 10,901,067 | |
Silgan Holdings | 19,800 | 838,134 | |
Steel Dynamics | 22,700 | 2,939,650 | |
44,337,313 | |||
Real Estate — 5.65% | |||
American Assets Trust | 37,200 | 832,536 | |
Apple Hospitality REIT | 103,500 | 1,504,890 | |
Armada Hoffler Properties | 100,700 | 1,116,763 | |
Brixmor Property Group | 488,393 | 11,276,994 | |
City Office REIT | 137,000 | 682,260 | |
CTO Realty Growth | 46,500 | 811,890 | |
EPR Properties | 45,900 | 1,926,882 | |
Essential Properties Realty Trust | 137,550 | 3,811,510 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Real Estate (continued) | |||
Franklin Street Properties | 93,612 | $ 143,226 | |
Gaming and Leisure Properties | 70,000 | 3,164,700 | |
Host Hotels & Resorts | 171,300 | 3,079,974 | |
Industrial Logistics Properties Trust | 63,789 | 234,744 | |
Kite Realty Group Trust | 63,600 | 1,423,368 | |
Office Properties Income Trust | 13,188 | 26,904 | |
Omega Healthcare Investors | 32,700 | 1,119,975 | |
Piedmont Office Realty Trust Class A | 78,300 | 567,675 | |
Sabra Health Care REIT | 164,500 | 2,533,300 | |
Service Properties Trust | 104,300 | 536,102 | |
Tanger | 41,100 | 1,114,221 | |
Uniti Group | 107,160 | 312,907 | |
36,220,821 | |||
Utilities — 2.95% | |||
National Fuel Gas | 44,100 | 2,389,779 | |
NiSource | 295,752 | 8,520,615 | |
NRG Energy | 39,500 | 3,075,470 | |
UGI | 45,200 | 1,035,080 | |
Vistra | 45,700 | 3,929,286 | |
18,950,230 | |||
Total Common Stocks (cost $577,455,961) | 631,411,316 | ||
Short-Term Investments — 0.90% | |||
Money Market Mutual Funds — 0.90% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.21%) | 1,437,113 | 1,437,113 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 1,437,113 | 1,437,113 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.35%) | 1,437,113 | 1,437,113 |
NQ- OPTSV [0624] 0824 (3775189) 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 5.22%) | 1,437,114 | $ 1,437,114 | |
Total Short-Term Investments (cost $5,748,453) | 5,748,453 | ||
Total Value of Securities—99.36% (cost $583,204,414) | 637,159,769 | ||
Receivables and Other Assets Net of Liabilities—0.64% | 4,119,549 | ||
Net Assets Applicable to 44,908,586 Shares Outstanding—100.00% | $641,279,318 |
† | Non-income producing security. |
Summary of abbreviations: |
ADR – American Depositary Receipt |
REIT – Real Estate Investment Trust |
4 NQ- OPTSV [0624] 0824 (3775189)