WCM Focused Emerging Markets ex China Fund
SCHEDULE OF INVESTMENTS
As of March 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS — 94.9% | ||
ARGENTINA — 2.0% | ||
693 | Globant S.A.* | $139,917 |
BRAZIL — 10.4% | ||
8,200 | Equatorial Energia S.A. | 53,218 |
39,100 | GPS Participacoes e Empreendimentos S.A. | 161,533 |
10,839 | Localiza Rent a Car S.A. | 118,171 |
21,132 | NU Holdings Ltd. - Class A* | 252,105 |
10,000 | Porto Seguro S.A. | 62,368 |
14,000 | TOTVS S.A. | 79,220 |
726,615 | ||
CANADA — 3.6% | ||
5,580 | Celestica, Inc.* | 250,765 |
CYPRUS — 1.5% | ||
7,928 | Theon International PLC* | 107,805 |
INDIA — 15.4% | ||
51,707 | Bharat Electronics Ltd. | 124,924 |
1,356 | Divi's Laboratories Ltd. | 56,015 |
5,400 | Elecon Engineering Co., Ltd. | 61,428 |
14,388 | ICICI Bank Ltd. | 188,608 |
11,349 | Intellect Design Arena Ltd. | 149,247 |
7,257 | Kotak Mahindra Bank Ltd. | 155,360 |
5,937 | Muthoot Finance Ltd. | 105,386 |
4,605 | Poly Medicure Ltd. | 87,746 |
69,420 | Zomato Ltd. | 151,571 |
1,080,285 | ||
INDONESIA — 5.0% | ||
285,600 | Bank Central Asia Tbk P.T. | 181,483 |
370,700 | Bank Mandiri Persero Tbk P.T. | 169,510 |
350,993 | ||
KAZAKSTAN — 1.3% | ||
736 | Kaspi.KZ JSC - ADR | 94,679 |
MEXICO — 9.3% | ||
66,500 | Becle S.A.B. de C.V. | 156,805 |
11,331 | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. | 111,377 |
13,700 | Qualitas Controladora S.A.B. de C.V. | 159,419 |
14,700 | Regional S.A.B. de C.V. | 144,741 |
WCM Focused Emerging Markets ex China Fund
SCHEDULE OF INVESTMENTS - Continued
As of March 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
MEXICO (Continued) | ||
20,100 | Wal-Mart de Mexico S.A.B. de C.V. | $81,007 |
653,349 | ||
PERU — 2.5% | ||
1,020 | Credicorp Ltd. | 172,819 |
POLAND — 3.7% | ||
872 | Dino Polska S.A.* | 84,639 |
11,183 | InPost S.A.* | 172,348 |
256,987 | ||
SAUDI ARABIA — 7.3% | ||
6,489 | Aldrees Petroleum and Transport Services Co. | 296,205 |
3,081 | Bupa Arabia for Cooperative Insurance Co. | 216,709 |
512,914 | ||
SINGAPORE — 1.8% | ||
39,816 | Grab Holdings Ltd. - Class A* | 125,022 |
SOUTH AFRICA — 2.8% | ||
3,168 | Bid Corp. Ltd. | 77,245 |
1,054 | Capitec Bank Holdings Ltd. | 116,629 |
193,874 | ||
SOUTH KOREA — 8.6% | ||
9,157 | Coupang, Inc.* | 162,903 |
1,517 | Hana Materials, Inc. | 59,610 |
6,322 | Samsung Electronics Co., Ltd. | 379,437 |
601,950 | ||
TAIWAN — 12.3% | ||
2,300 | Airtac International Group | 79,772 |
5,000 | Jentech Precision Industrial Co., Ltd. | 141,078 |
9,000 | Nien Made Enterprise Co., Ltd. | 99,833 |
22,487 | Taiwan Semiconductor Manufacturing Co., Ltd. | 540,332 |
861,015 | ||
THAILAND — 2.7% | ||
1,017 | Fabrinet* | 192,233 |
UNITED KINGDOM — 2.5% | ||
34,980 | Baltic Classifieds Group PLC | 99,558 |
WCM Focused Emerging Markets ex China Fund
SCHEDULE OF INVESTMENTS - Continued
As of March 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
UNITED KINGDOM (Continued) | ||
2,761 | Wizz Air Holdings Plc* | $74,784 |
174,342 | ||
UNITED STATES — 2.2% | ||
565 | EPAM Systems, Inc.* | 156,031 |
TOTAL COMMON STOCKS | ||
(Cost $5,665,516) | 6,651,595 |
Principal Amount | ||
BANK DEPOSIT INVESTMENTS — 5.4% | ||
$377,618 | UMB Bank, Money Market Special II, 5.18%1 | 377,618 |
TOTAL BANK DEPOSIT INVESTMENTS | ||
(Cost $377,618) | 377,618 | |
TOTAL INVESTMENTS — 100.3% | ||
(Cost $6,043,134) | 7,029,213 | |
Liabilities in Excess of Other Assets — (0.3)% | (18,228) | |
TOTAL NET ASSETS — 100.0% | $7,010,985 |
ADR – American Depository Receipt |
JSC – Joint Stock Company |
PLC – Public Limited Company |
* | Non-income producing security. |
1 | The rate is the annualized seven-day yield at period end. |