Vaughan Nelson Emerging Markets Fund
SCHEDULE OF INVESTMENTS
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS — 90.8% | ||
AUSTRIA — 0.9% | ||
2,665 | DO & Co. A.G. | $371,539 |
BRAZIL — 6.4% | ||
139,731 | Cury Construtora e Incorporadora S.A. | 521,763 |
210,745 | Dexco S.A. | 329,236 |
24,340 | Hypera S.A. | 155,883 |
88,552 | SLC Agricola S.A. | 341,382 |
84,946 | Smartfit Escola de Ginastica e Danca S.A. | 415,780 |
176,471 | Vamos Locacao de Caminhoes Maquinas e Equipamentos S.A. | 291,008 |
63,799 | Vivara Participacoes S.A. | 435,251 |
2,490,303 | ||
CHINA — 9.2% | ||
136,523 | China International Capital Corp. Ltd. - Class H 1 | 162,277 |
217,392 | ENN Natural Gas Co., Ltd. - Class A | 529,019 |
671,400 | Focus Media Information Technology Co., Ltd. - Class A | 528,864 |
143,365 | Haitian International Holdings Ltd. | 319,115 |
492,785 | Maoyan Entertainment *,1 | 537,884 |
53,500 | Ningbo Tuopu Group Co., Ltd. - Class A | 363,469 |
274,240 | Tongcheng Travel Holdings Ltd. * | 559,407 |
429,165 | Topsports International Holdings Ltd. 1 | 278,178 |
233,670 | Yadea Group Holdings Ltd. 1 | 320,383 |
3,598,596 | ||
COLOMBIA — 0.6% | ||
27,260 | Geopark Ltd. | 239,615 |
CZECH — 0.9% | ||
303,075 | WAG Payment Solutions PLC * | 344,133 |
HONG KONG — 0.4% | ||
71,858 | China Mengniu Dairy Co., Ltd. * | 159,216 |
INDIA — 17.2% | ||
62,105 | 360 ONE WAM Ltd. | 464,086 |
99,116 | Aegis Logistics Ltd. | 450,681 |
12,610 | Angel One Ltd. | 497,574 |
79,656 | Aster DM Healthcare Ltd. *,1 | 423,240 |
39,294 | Brigade Enterprises Ltd. | 485,699 |
27,155 | Cholamandalam Financial Holdings Ltd. | 386,632 |
17,515 | Cyient Ltd. | 416,664 |
16,246 | Dalmia Bharat Ltd. | 445,856 |
218,189 | EPL Ltd. | 530,855 |
356,239 | Federal Bank Ltd. | 631,845 |
256,527 | India Grid Trust 1 | 419,061 |
13,554 | KEI Industries Ltd. | 522,304 |
22,844 | Mahindra & Mahindra Ltd. | 454,254 |
Vaughan Nelson Emerging Markets Fund
SCHEDULE OF INVESTMENTS - Continued
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
INDIA (Continued) | ||
107,185 | SIS Ltd. * | $629,378 |
6,758,129 | ||
INDONESIA — 4.3% | ||
7,089,770 | Ace Hardware Indonesia Tbk P.T. | 381,680 |
1,425,184 | Bank Negara Indonesia Persero Tbk P.T. | 518,504 |
3,373,667 | Mitra Adiperkasa Tbk P.T. | 417,858 |
13,435,513 | Pakuwon Jati Tbk P.T. | 357,540 |
1,675,582 | ||
LUXEMBOURG — 1.4% | ||
15,180 | Befesa S.A. 1 | 533,456 |
MEXICO — 2.9% | ||
108,320 | Corp Inmobiliaria Vesta S.A.B. de C.V. | 411,907 |
389,287 | Genomma Lab Internacional S.A.B. de C.V. - Class B | 319,364 |
216,880 | Grupo Traxion S.A.B. de C.V. *,1 | 396,172 |
1,127,443 | ||
PHILIPPINES — 1.3% | ||
41,392 | Ayala Corp. | 498,740 |
POLAND — 1.5% | ||
3,515 | Dino Polska S.A. *,1 | 379,361 |
9,462 | Text S.A. | 229,213 |
608,574 | ||
SAUDI ARABIA — 1.4% | ||
10,401 | Leejam Sports Co. JSC | 535,845 |
SINGAPORE — 0.6% | ||
9,470 | Karooooo Ltd. | 236,655 |
SOUTH AFRICA — 4.7% | ||
346,165 | Advtech Ltd. | 497,104 |
27,450 | Anglogold Ashanti Plc | 491,220 |
20,801 | Bid Corp. Ltd. | 504,546 |
239,486 | Super Group Ltd. | 358,158 |
1,851,028 | ||
SOUTH KOREA — 11.1% | ||
28,275 | Cheil Worldwide, Inc. | 389,159 |
5,667 | Dentium Co., Ltd. * | 479,341 |
7,851 | Doosan Bobcat, Inc. | 298,998 |
17,320 | Duk San Neolux Co., Ltd. * | 499,351 |
14,130 | Fila Holdings Corp. | 430,456 |
3,449 | Hansol Chemical Co., Ltd. * | 516,232 |
Vaughan Nelson Emerging Markets Fund
SCHEDULE OF INVESTMENTS - Continued
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
SOUTH KOREA (Continued) | ||
5,207 | KIWOOM Securities Co., Ltd. * | $376,361 |
6,862 | Samsung Electro-Mechanics Co., Ltd. | 713,655 |
3,147 | Soulbrain Co., Ltd. * | 634,558 |
4,338,111 | ||
TAIWAN — 18.9% | ||
79,980 | Chroma ATE, Inc. | 511,176 |
27,297 | Elite Material Co., Ltd. | 401,010 |
88,975 | Ennoconn Corp. | 765,065 |
65,400 | Gold Circuit Electronics Ltd. | 478,548 |
14,640 | King Slide Works Co., Ltd. | 486,177 |
171,370 | King Yuan Electronics Co., Ltd. | 457,767 |
133,981 | Lite-On Technology Corp. | 463,991 |
15,524 | Lotes Co., Ltd. | 489,718 |
250,990 | Nanya Technology Corp. | 550,488 |
41,890 | Nien Made Enterprise Co., Ltd. | 447,819 |
183,690 | Powertech Technology, Inc. | 852,816 |
47,790 | Sporton International, Inc. | 353,824 |
40,747 | Universal Vision Biotechnology Co., Ltd. | 357,379 |
45,493 | Yageo Corp. | 800,182 |
7,415,960 | ||
THAILAND — 2.1% | ||
262,561 | Hana Microelectronics PCL | 352,058 |
3,624,523 | WHA Corp. PCL | 483,287 |
835,345 | ||
TURKEY — 1.4% | ||
42,920 | BIM Birlesik Magazalar A.S. | 538,214 |
UNITED ARAB EMIRATES — 1.4% | ||
271,438 | Emaar Properties PJSC | 548,803 |
UNITED STATES — 2.2% | ||
53,940 | Kosmos Energy Ltd. * | 326,876 |
198,010 | Samsonite International S.A. *,1 | 552,787 |
879,663 | ||
Total Common Stocks | ||
(Cost $30,627,029) | 35,584,950 |
Vaughan Nelson Emerging Markets Fund
SCHEDULE OF INVESTMENTS - Continued
As of January 31, 2024 (Unaudited)
Principal Amount | Value | |
SHORT-TERM INVESTMENTS — 2.3% | ||
$904,381 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 4.78%2 | $904,381 |
Total Short-Term Investments | ||
(Cost $904,381) | 904,381 | |
TOTAL INVESTMENTS — 93.1% | ||
(Cost $31,531,410) | 36,489,331 | |
Other Assets in Excess of Liabilities — 6.9% | 2,702,943 | |
TOTAL NET ASSETS — 100.0% | $39,192,274 |
PCL – Public Company Limited |
PJSC – Public Joint Stock Company |
PLC – Public Limited Company |
*Non-income producing security. |
1Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $4,002,799, which represents 10.21% of total net assets of the Fund. |
2The rate is the annualized seven-day yield at period end. |