Schedule of Investments | |||||||
September 30, 2021 (unaudited) | |||||||
Mercator International Opportunity Fund | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Shares or Principal |
|
|
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
|
|
|
|
|
| ||
Common Stocks - 92.20% | |||||||
|
|
|
|
|
| ||
Biotech & Pharma - 1.00% |
|
|
| ||||
ALK-Abello A/S Class B (Denmark) (2) | 1,200 |
| 503,932 | ||||
|
|
|
| ||||
Chemicals - 1.18% |
|
|
| ||||
Umicore SA (Belgium) | 10,030 |
| 595,036 | ||||
|
|
|
| ||||
Commercial & Res Bldg Equip & Sys - 1.42% |
|
|
| ||||
Japan Elevator Service Holdings Co., Ltd. (Japan) (2) | 31,000 |
| 717,107 | ||||
|
|
|
| ||||
Commercial Services - 1.02% |
|
|
| ||||
Eurofins Scientific SE (Luxembourg) | 4,000 |
| 513,322 | ||||
|
|
|
| ||||
Consumer Discretionary Products - 4.08% |
|
|
| ||||
Aston Martin Lagonda Global Holdings PLC ADR (United Kingdom) (2) | 50,000 |
| 1,290,185 | ||||
Watches of Switzerland Group PLC (United Kingdom) (2) | 60,000 |
| 764,614 | ||||
|
|
| 2,054,799 | ||||
|
|
|
| ||||
Consumer Discretionary Services - 2.28% |
|
|
| ||||
Entain PLC (Isle of Man) (2) | 40,000 |
| 1,147,729 | ||||
|
|
|
| ||||
Containers & Packaging - 1.32% |
|
|
| ||||
DS Smith PLC (United Kingdom) (2) | 120,000 |
| 667,461 | ||||
|
|
|
| ||||
Hardware - 4.09% |
|
|
| ||||
Nidec Corp. (Japan) | 7,240 |
| 807,489 | ||||
SLM Solutions Group AG (Germany) (2) | 30,000 |
| 642,579 | ||||
Tobii AB (Sweden) (2) | 90,000 |
| 611,573 | ||||
|
|
| 2,061,641 | ||||
|
|
|
| ||||
Health Care - 1.53% |
|
|
| ||||
Dermapharm Holding SE (Germany) (2) | 8,000 |
| 772,484 | ||||
|
|
|
| ||||
Health Care Facilities & Services - 1.87% |
|
|
| ||||
Amplifon SpA (Italy) | 10,000 |
| 477,013 | ||||
Orpea SA (France) | 4,000 |
| 466,362 | ||||
|
|
| 943,375 | ||||
|
|
|
| ||||
Iron & Steel - 0.96% |
|
|
| ||||
BHP Group Ltd. (Australia) | 9,000 |
| 481,680 | ||||
|
|
|
| ||||
Machinery - 1.65% |
|
|
| ||||
Disco Corp. (Japan) (2) | 2,960 |
| 833,308 | ||||
|
|
|
| ||||
Media - 9.67% |
|
|
| ||||
Adevinta ASA Class B (Norway) (2) | 50,181 |
| 859,149 | ||||
CyberAgent, Inc. (Japan) | 36,120 |
| 702,559 | ||||
Future PLC (United Kingdom) (2) | 40,150 |
| 1,995,776 | ||||
Uuum, Inc. (Japan) (2) | 29,030 |
| 346,978 | ||||
Z Holdings Corp. (Japan) (2) | 150,500 |
| 969,964 | ||||
|
|
| 4,874,426 | ||||
|
|
|
| ||||
Medical Equipment & Devices - 3.64% |
|
|
| ||||
Jeol Ltd. (Japan) | 15,050 |
| 1,109,573 | ||||
Lumibird (France) (2) | 33,092 |
| 724,133 | ||||
|
|
| 1,833,706 | ||||
|
|
|
| ||||
Metal Mining - 1.06% |
|
|
| ||||
Rio Tinto PLC (United Kingdom) (2) | 8,000 |
| 534,560 | ||||
|
|
|
| ||||
Pharmaceutical Preparations - 1.03% |
|
|
| ||||
Jazz Pharmaceuticals PLC (Ireland) (2) | 4,000 |
| 520,840 | ||||
|
|
|
| ||||
Real Estate - 1.11% |
|
|
| ||||
Capital & Counties Properties PLC (United Kingdom) (2) | 250,000 |
| 559,383 | ||||
|
|
|
| ||||
Renewable Energy - 1.89% |
|
|
| ||||
SolarEdge Technologies, Inc. (Israel) (2) | 3,600 |
| 954,792 | ||||
|
|
|
| ||||
Retail-Discretionary - 12.69% |
|
|
| ||||
ASOS PLC (United Kingdom) (2) | 19,075 |
| 771,392 | ||||
Boozt AB (Sweden)(2) | 60,000 |
| 993,442 | ||||
Fnac Darty SA (France) (2) | 16,000 |
| 1,052,209 | ||||
Mercari, Inc. (Japan) (2) | 17,000 |
| 940,386 | ||||
MonotaRO Co. Ltd. (Japan) | 32,100 |
| 727,563 | ||||
Moonpig Group PLC (United Kingdom) (2) | 105,000 |
| 451,211 | ||||
Rakuten, Inc. (Japan) (2) | 65,300 |
| 633,892 | ||||
Zalando SE (Germany) (2) | 9,000 |
| 826,530 | ||||
|
|
| 6,396,625 | ||||
|
|
|
| ||||
Retail and Wholesale - Discretionary - 4.43% |
|
|
| ||||
Musti Group Oyj (Finland) (2) | 25,000 |
| 894,401 | ||||
Pets at Home Group PLC (Great Britain) | 150,000 |
| 971,124 | ||||
Raccoon Holdings, Inc. (Japan) | 26,000 |
| 367,498 | ||||
|
|
| 2,233,023 | ||||
|
|
|
| ||||
Retail and Wholesale Staples - 2.39% |
|
|
| ||||
Zur Rose Group AG (Switzerland) (2) | 3,000 |
| 1,203,199 | ||||
|
|
|
| ||||
Retail-Consumer Staples - 2.23% |
|
|
| ||||
Ocado Group PLC (Great Britain) (2) | 50,100 |
| 1,122,016 | ||||
|
|
|
| ||||
Semiconductors - 8.00% |
|
|
| ||||
Advantest Corp. (Japan) | 5,000 |
| 450,347 | ||||
Lasertec Corp. (Japan) | 2,000 |
| 459,596 | ||||
Nordic Semiconductor ASA (Norway) (2) | 22,400 |
| 671,399 | ||||
PVA TePla AG (Germany) (2) | 25,000 |
| 1,112,935 | ||||
STMicroelectronics NV ADR (Netherlands) (2) | 10,100 |
| 440,663 | ||||
Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Taiwan) (2) | 8,050 |
| 898,783 | ||||
|
|
| 4,033,723 | ||||
|
|
|
| ||||
Software - 15.44% |
|
|
| ||||
Accesso Technology Group PLC (United Kingdom) (2) | 75,000 |
| 924,447 | ||||
Basware Oyj (Finland) (2) | 17,000 |
| 635,748 | ||||
Blackberry Ltd. (Canada) (2) | 150,000 |
| 1,459,500 | ||||
Comture Corp. (Japan) | 22,080 |
| 616,646 | ||||
Frontier Developments PLC (United Kingdom) (2) | 30,000 |
| 990,119 | ||||
Learning Technologies Group PLC (United Kingdom) (2) | 300,000 |
| 869,688 | ||||
Materialise N.V. ADR (Belgium) (2) | 30,000 |
| 603,000 | ||||
RaySearch Laboratories AB Class B (Sweden) (2) | 70,200 |
| 492,647 | ||||
Vitec Software Group AB Class B (Sweden) | 10,100 |
| 550,900 | ||||
ZOO Digital Group PLC (United Kingdom) (2) | 400,000 |
| 638,525 | ||||
|
|
| 7,781,220 | ||||
|
|
|
| ||||
Software & Technology Services - 4.55% |
|
|
| ||||
Boku, Inc. (United States) (2) | 325,000 |
| 855,914 | ||||
Kahoot! ASA (Norway) (2) | 200,000 |
| 1,439,306 | ||||
|
|
| 2,295,220 | ||||
|
|
|
| ||||
Specialty Finance - 1.66% |
|
|
| ||||
Adyen NV (Netherlands) (2) | 300 |
| 838,826 | ||||
|
|
|
| ||||
|
|
|
| ||||
Total Common Stocks |
|
|
| (Cost $ 37,427,249) |
| 46,473,433 | |
|
|
|
| ||||
Money Market Registered Investment Companies - 7.93% | |||||||
|
|
|
| ||||
First American Government Obligations Fund Class X 0.03% (3) | 3,998,383 |
| 3,998,383 | ||||
|
|
|
| ||||
Total Money Market Registered Investment Companies | (Cost $ 3,998,383) |
| 3,998,383 | ||||
|
|
|
| ||||
Total Investments - 100.13% | (Cost $ 41,425,632) |
| 50,471,816 | ||||
|
|
|
| ||||
Liabilities in Excess of Other Assets - (0.13%) |
|
| (65,472) | ||||
|
|
|
| ||||
Total Net Assets - 100.00% |
|
| 50,406,344 | ||||
|
|
|
| ||||
(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. | |||||||
These inputs are summarized in the three broad levels listed below. | |||||||
• Level 1 - quoted prices in active markets for identical securities | |||||||
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | |||||||
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | |||||||
| |||||||
The following is a summary of the inputs used as of September 30, 2021 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments | |
Level 1 - Quoted Prices |
|
| $ | 50,471,816 | $ | - | |
Level 2 - Other Significant Observable Inputs |
|
| - |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 50,471,816 | $ | - |
|
|
|
|
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | |||||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | |||||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | |||||||
market, such securities are reflected as Level 2. | |||||||
|
|
|
|
|
|
|
|
As of September 30, 2021, the breakout of the Fund's portfolio by country of issuer was as follows: |
|
|
| ||||
|
| Country | % of Net Assets | ||||
| Australia | 0.96% | |||||
| Belgium | 2.38% | |||||
| Canada | 2.90% | |||||
| Denmark | 1.00% | |||||
| Finland | 3.04% | |||||
| France | 4.45% | |||||
| Germany | 6.66% | |||||
| Ireland | 1.03% | |||||
| Isle of Man | 2.28% | |||||
| Israel | 1.89% | |||||
| Italy | 0.95% | |||||
| Japan | 19.21% | |||||
| Luxembourg | 1.02% | |||||
| Netherlands | 2.54% | |||||
| Norway | 5.89% | |||||
| Sweden | 5.26% | |||||
| Switzerland | 2.39% | |||||
| Taiwan | 1.78% | |||||
| United Kingdom | 24.90% | |||||
| United States | 9.63% | |||||
|
|
|
|
|
|
| 100.14% |
|
|
|
|
|
|
|
|
(2) Represents non-income producing securities. | |||||||
(3) Variable rate security; the rate shown represents the yield at September 30, 2021. | |||||||
ADR - American Depositary Receipt. |
|
|
|
|
| ||
PLC - Public Limited Company |
|
|
|
|
| ||
SE - Societas Europaea, Latin term means European Company. |
|
|
|
|
| ||
SA - Société Anonyme, a French term for a public limited company. |
|
|
|
|
| ||
AB - Aktiebolag, the Swedish term for "limited company" or "corporation". |
|
|
| ||||
AG - Aktiengesellschaft, a German term for a public limited company. |
|
|
| ||||
SpA - Società per azioni, an Italian term for a public limited company. |
|
|
| ||||
KGaA - Kommanditgesellschaft auf Aktien, a German corporate designation standing for partnership limited by shares. |
|
|
| ||||
ASA - Allmennaksjeselskap, a Norwegian term for public limited company. |
|
|
| ||||
NV - Naamloze Vennootschap, a Dutch term for public limited company. |
|
|
|
|
- Company Dashboard
- Filings
-
NPORT-P Filing
Collaborative Investment Series Trust NPORT-PMercator International Opportunity Fund (Sep 2021 report)
Filed: 22 Nov 21, 4:06pm