Schedule of investments
Optimum Small-Mid Cap Growth Fund
June 30, 2024 (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks — 98.04% | |||
Communication Services — 1.06% | |||
Lions Gate Entertainment Class B † | 180,076 | $ 1,543,251 | |
TKO Group Holdings | 56,043 | 6,052,084 | |
7,595,335 | |||
Consumer Discretionary — 12.24% | |||
Academy Sports & Outdoors | 54,440 | 2,898,930 | |
Birkenstock Holding † | 64,184 | 3,492,251 | |
Boot Barn Holdings † | 40,896 | 5,272,721 | |
Burlington Stores † | 23,208 | 5,569,920 | |
Cava Group † | 30,710 | 2,848,353 | |
Chewy Class A † | 154,608 | 4,211,522 | |
Churchill Downs | 60,131 | 8,394,288 | |
Domino's Pizza | 12,916 | 6,668,918 | |
Dutch Bros Class A † | 270,631 | 11,204,123 | |
Five Below † | 19,150 | 2,086,776 | |
International Game Technology | 201,319 | 4,118,987 | |
Meritage Homes | 21,507 | 3,480,908 | |
Modine Manufacturing † | 31,070 | 3,112,903 | |
Ollie's Bargain Outlet Holdings † | 36,189 | 3,552,674 | |
On Holding Class A † | 110,085 | 4,271,298 | |
Papa John's International | 40,864 | 1,919,791 | |
Patrick Industries | 29,273 | 3,177,584 | |
Royal Caribbean Cruises † | 27,607 | 4,401,384 | |
Skyline Champion † | 41,689 | 2,824,430 | |
Sweetgreen Class A † | 142,532 | 4,295,914 | |
87,803,675 | |||
Consumer Staples — 6.21% | |||
BellRing Brands † | 140,524 | 8,029,541 | |
BJ's Wholesale Club Holdings † | 111,771 | 9,817,965 | |
elf Beauty † | 38,100 | 8,028,432 | |
Freshpet † | 62,304 | 8,061,514 | |
Lamb Weston Holdings | 39,036 | 3,282,147 | |
Oddity Tech Class A † | 47,591 | 1,868,423 | |
Performance Food Group † | 61,360 | 4,056,510 | |
SunOpta † | 258,430 | 1,395,522 | |
44,540,054 | |||
Energy — 3.17% | |||
Chesapeake Energy | 52,504 | 4,315,304 | |
Civitas Resources | 34,377 | 2,372,013 | |
Matador Resources | 190,784 | 11,370,727 | |
Permian Resources | 112,027 | 1,809,236 | |
TechnipFMC | 109,882 | 2,873,414 | |
22,740,694 | |||
Financials — 9.95% | |||
Baldwin Insurance Group † | 139,407 | 4,944,766 | |
BGC Group Class A | 847,342 | 7,032,939 | |
Blue Owl Capital | 300,092 | 5,326,633 | |
Bowhead Specialty Holdings † | 37,920 | 960,893 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financials (continued) | |||
Essent Group | 63,112 | $ 3,546,263 | |
Evercore Class A | 18,511 | 3,858,248 | |
Flywire † | 128,205 | 2,101,280 | |
Lazard | 165,839 | 6,331,733 | |
Palomar Holdings † | 30,976 | 2,513,702 | |
PennyMac Financial Services | 101,988 | 9,648,065 | |
Ryan Specialty Holdings | 78,584 | 4,550,799 | |
Shift4 Payments Class A † | 41,587 | 3,050,407 | |
Skyward Specialty Insurance Group † | 100,952 | 3,652,443 | |
Stifel Financial | 62,301 | 5,242,629 | |
Triumph Financial † | 49,483 | 4,045,235 | |
Virtu Financial Class A | 84,337 | 1,893,366 | |
WEX † | 15,059 | 2,667,551 | |
71,366,952 | |||
Healthcare — 20.72% | |||
ADMA Biologics † | 182,333 | 2,038,483 | |
Amicus Therapeutics † | 255,447 | 2,534,034 | |
Apellis Pharmaceuticals † | 35,979 | 1,380,154 | |
Applied Therapeutics † | 229,153 | 1,070,145 | |
Ardelyx † | 226,655 | 1,679,514 | |
Avantor † | 527,201 | 11,176,661 | |
Axsome Therapeutics † | 27,902 | 2,246,111 | |
Azenta † | 30,757 | 1,618,433 | |
Biohaven † | 43,909 | 1,524,081 | |
BioLife Solutions † | 94,475 | 2,024,599 | |
Blueprint Medicines † | 58,091 | 6,261,048 | |
CONMED | 32,950 | 2,284,094 | |
Cytokinetics † | 43,599 | 2,362,194 | |
Dynavax Technologies † | 169,680 | 1,905,506 | |
Encompass Health | 108,333 | 9,293,888 | |
Evolent Health Class A † | 101,981 | 1,949,877 | |
Glaukos † | 55,270 | 6,541,204 | |
Haemonetics † | 41,524 | 3,435,281 | |
Halozyme Therapeutics † | 59,882 | 3,135,422 | |
HealthEquity † | 32,509 | 2,802,276 | |
Hims & Hers Health † | 82,054 | 1,656,670 | |
ICON † | 18,482 | 5,793,553 | |
Inari Medical † | 56,325 | 2,712,049 | |
Insmed † | 56,280 | 3,770,760 | |
Ionis Pharmaceuticals † | 41,537 | 1,979,653 | |
iRhythm Technologies † | 25,693 | 2,765,595 | |
Kiniksa Pharmaceuticals International † | 75,540 | 1,410,332 | |
Lantheus Holdings † | 52,201 | 4,191,218 | |
Maravai LifeSciences Holdings Class A † | 450,071 | 3,222,508 | |
Myriad Genetics † | 96,926 | 2,370,810 | |
Natera † | 34,713 | 3,759,071 |
NQ- OPTSG [0624] 0824 (3775187) 1
Schedule of investments
Optimum Small-Mid Cap Growth Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Healthcare (continued) | |||
Neogen † | 177,066 | $ 2,767,542 | |
Neurocrine Biosciences † | 38,137 | 5,250,321 | |
Paragon 28 † | 151,863 | 1,038,743 | |
Phreesia † | 107,340 | 2,275,608 | |
Privia Health Group † | 98,582 | 1,713,355 | |
RadNet † | 36,680 | 2,161,186 | |
Sarepta Therapeutics † | 25,591 | 4,043,378 | |
SpringWorks Therapeutics † | 44,162 | 1,663,583 | |
Syndax Pharmaceuticals † | 62,919 | 1,291,727 | |
Tandem Diabetes Care † | 83,756 | 3,374,529 | |
TransMedics Group † | 48,328 | 7,279,163 | |
Twist Bioscience † | 58,016 | 2,859,028 | |
Ultragenyx Pharmaceutical † | 47,006 | 1,931,947 | |
US Physical Therapy | 29,877 | 2,761,232 | |
Vericel † | 58,755 | 2,695,679 | |
Viking Therapeutics † | 34,572 | 1,832,662 | |
Waystar Holding † | 130,603 | 2,807,964 | |
148,642,871 | |||
Industrials — 18.40% | |||
AAR † | 32,415 | 2,356,571 | |
Advanced Drainage Systems | 22,025 | 3,532,590 | |
ASGN † | 49,482 | 4,362,828 | |
Atkore | 19,665 | 2,653,399 | |
Axon Enterprise † | 15,872 | 4,670,177 | |
AZEK † | 56,190 | 2,367,285 | |
Bloom Energy Class A † | 207,604 | 2,541,073 | |
Boise Cascade | 21,061 | 2,510,892 | |
BWX Technologies | 61,229 | 5,816,755 | |
CACI International Class A † | 8,929 | 3,840,631 | |
Chart Industries † | 22,557 | 3,255,877 | |
Core & Main Class A † | 62,173 | 3,042,747 | |
Crane | 25,384 | 3,680,172 | |
Dycom Industries † | 25,920 | 4,374,259 | |
Embraer ADR † | 173,099 | 4,465,954 | |
Flowserve | 53,380 | 2,567,578 | |
FTAI Aviation | 47,174 | 4,869,772 | |
FTI Consulting † | 22,759 | 4,905,247 | |
Generac Holdings † | 17,798 | 2,353,252 | |
GXO Logistics † | 40,733 | 2,057,017 | |
Hexcel | 57,411 | 3,585,317 | |
ICF International | 31,534 | 4,681,538 | |
KBR | 78,652 | 5,044,739 | |
Kirby † | 22,836 | 2,734,154 | |
Knight-Swift Transportation Holdings | 48,997 | 2,445,930 | |
Kratos Defense & Security Solutions † | 107,991 | 2,160,900 | |
Leidos Holdings | 35,934 | 5,242,052 | |
MasTec † | 16,383 | 1,752,817 |
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Montrose Environmental Group † | 72,115 | $ 3,213,444 | |
MYR Group † | 20,639 | 2,800,919 | |
OPENLANE † | 107,246 | 1,779,211 | |
RB Global | 20,929 | 1,598,138 | |
Schneider National Class B | 76,145 | 1,839,663 | |
SPX Technologies † | 31,330 | 4,453,246 | |
SS&C Technologies Holdings | 85,552 | 5,361,544 | |
Tetra Tech | 17,015 | 3,479,227 | |
Verra Mobility † | 168,736 | 4,589,619 | |
Wabash National | 105,672 | 2,307,877 | |
Zurn Elkay Water Solutions | 91,868 | 2,700,919 | |
131,995,330 | |||
Information Technology — 22.10% | |||
Advanced Energy Industries | 27,093 | 2,946,635 | |
AppLovin Class A † | 34,311 | 2,855,361 | |
Axcelis Technologies † | 13,280 | 1,888,283 | |
BILL Holdings † | 25,769 | 1,355,965 | |
Box Class A † | 158,503 | 4,190,819 | |
Braze Class A † | 59,276 | 2,302,280 | |
Ciena † | 71,965 | 3,467,274 | |
Cognex | 73,876 | 3,454,442 | |
Confluent Class A † | 230,556 | 6,808,319 | |
CyberArk Software † | 32,033 | 8,758,463 | |
DoubleVerify Holdings † | 60,767 | 1,183,133 | |
Elastic † | 47,648 | 5,427,584 | |
Enphase Energy † | 25,509 | 2,543,502 | |
Entegris | 41,738 | 5,651,325 | |
First Solar † | 22,366 | 5,042,638 | |
FormFactor † | 45,883 | 2,777,298 | |
Itron † | 28,517 | 2,822,042 | |
Jamf Holding † | 162,282 | 2,677,653 | |
JFrog † | 107,163 | 4,023,971 | |
LiveRamp Holdings † | 81,619 | 2,525,292 | |
Lumentum Holdings † | 43,176 | 2,198,522 | |
Manhattan Associates † | 8,398 | 2,071,619 | |
MicroStrategy Class A † | 2,633 | 3,626,905 | |
MKS Instruments | 34,072 | 4,449,122 | |
Monday.com † | 26,420 | 6,360,879 | |
Nutanix Class A † | 46,491 | 2,643,013 | |
Onto Innovation † | 13,069 | 2,869,430 | |
PagerDuty † | 112,281 | 2,574,603 | |
PAR Technology † | 56,028 | 2,638,358 | |
PTC † | 33,083 | 6,010,189 | |
Pure Storage Class A † | 45,074 | 2,894,201 | |
Q2 Holdings † | 59,227 | 3,573,165 | |
Rogers † | 18,721 | 2,257,940 | |
SiTime † | 37,742 | 4,694,350 | |
Sprout Social Class A † | 52,166 | 1,861,283 | |
Super Micro Computer † | 8,256 | 6,764,554 |
2 NQ- OPTSG [0624] 0824 (3775187)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Information Technology (continued) | |||
Synaptics † | 20,609 | $ 1,817,714 | |
Teradyne | 42,123 | 6,246,420 | |
Trimble † | 44,945 | 2,513,324 | |
Universal Display | 19,924 | 4,189,021 | |
Varonis Systems † | 80,457 | 3,859,522 | |
Vertex Class A † | 110,856 | 3,996,359 | |
Western Digital † | 51,219 | 3,880,864 | |
Zuora Class A † | 183,368 | 1,820,844 | |
158,514,480 | |||
Materials — 2.86% | |||
Avery Dennison | 16,678 | 3,646,645 | |
Element Solutions | 196,790 | 5,336,945 | |
International Flavors & Fragrances | 62,969 | 5,995,278 | |
Orion | 123,759 | 2,715,272 | |
Steel Dynamics | 21,534 | 2,788,653 | |
20,482,793 | |||
Real Estate — 1.33% | |||
DigitalBridge Group | 155,788 | 2,134,295 | |
Jones Lang LaSalle † | 35,974 | 7,384,743 | |
9,519,038 | |||
Total Common Stocks (cost $622,390,383) | 703,201,222 | ||
Convertible Preferred Stock — 0.01% | |||
Honest Series D =, †, π | 15,249 | 94,123 | |
Total Convertible Preferred Stock (cost $697,718) | 94,123 | ||
Warrant — 0.00% | |||
DraftKings strike price $11.50, expiration date 4/23/25 =, † | 399 | 0 | |
Total Warrant (cost $0) | 0 | ||
Short-Term Investments — 2.85% | |||
Money Market Mutual Funds — 2.85% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.21%) | 5,101,187 | 5,101,187 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 5,101,187 | 5,101,187 |
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 5.35%) | 5,101,187 | $ 5,101,187 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.22%) | 5,101,187 | 5,101,187 | |
Total Short-Term Investments (cost $20,404,748) | 20,404,748 | ||
Total Value of Securities—100.90% (cost $643,492,849) | 723,700,093 | ||
Liabilities Net of Receivables and Other Assets—(0.90%) | (6,441,024) | ||
Net Assets Applicable to 53,689,502 Shares Outstanding—100.00% | $717,259,069 |
† | 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 June 30, 2024, the aggregate value of restricted securities was $94,123 which represented percentage of 0.01% of the Fund’s net assets. |
Restricted Securities | ||||||
Investments | Date of Acquisition | Cost | Value | |||
Honest Series D | 8/3/15 | $697,718 | $94,123 |
Summary of abbreviations: |
ADR – American Depositary Receipt |
NQ- OPTSG [0624] 0824 (3775187) 3