| Schedule of Investments |
| September 30, 2021 (unaudited) |
| |
| Spectrum Fund |
| Security Description | | Shares or Principal Amount ($) | | | Fair Value ($)(1) | |
| | | | | | | |
| Common Stocks (United States) - Long - 77.2% | | | | | | |
| | | | | | | |
| Communication Services - 8.9% | | | | | | |
| Activision Blizzard Inc | | | 18,758 | | | | 1,451,682 | |
| Alphabet Inc - Class C (2) | | | 1,812 | | | | 4,829,542 | |
| Alphabet Inc - Class A (2) | | | 567 | | | | 1,515,886 | |
| AMC Entertainment Holdings Inc (2) | | | 1,807 | | | | 68,774 | |
| AT&T Inc | | | 74,130 | | | | 2,002,251 | |
| Cinemark Holdings Inc (2) | | | 69 | | | | 1,325 | |
| DHI Group Inc (2) | | | 1,981 | | | | 9,430 | |
| Entravision Communications Corp | | | 1,271 | | | | 9,024 | |
| Facebook Inc (2) | | | 10,762 | | | | 3,652,515 | |
| Fluent Inc (2) | | | 741 | | | | 1,682 | |
| Fox Corp | | | 178 | | | | 7,140 | |
| Gogo Inc (2) | | | 195 | | | | 3,374 | |
| Gray Television Inc | | | 2,471 | | | | 56,388 | |
| IDT Corp (2) | | | 363 | | | | 15,228 | |
| IMAX Corp (2) | | | 388 | | | | 7,364 | |
| Interpublic Group of Cos Inc/The | | | 6,510 | | | | 238,722 | |
| John Wiley & Sons Inc | | | 367 | | | | 19,161 | |
| Liberty TripAdvisor Holdings Inc (2) | | | 2,709 | | | | 8,371 | |
| Lions Gate Entertainment Corp (2) | | | 1,809 | | | | 25,670 | |
| Lumen Technologies Inc | | | 2,856 | | | | 35,386 | |
| Meredith Corp (2) | | | 219 | | | | 12,198 | |
| Netflix Inc (2) | | | 1,348 | | | | 822,738 | |
| News Corp | | | 2,394 | | | | 56,331 | |
| Pinterest Inc (2) | | | 1,385 | | | | 70,566 | |
| Roku Inc (2) | | | 717 | | | | 224,672 | |
| Sinclair Broadcast Group Inc | | | 823 | | | | 26,073 | |
| TEGNA Inc | | | 1,939 | | | | 38,237 | |
| Twitter Inc (2) | | | 2,661 | | | | 160,698 | |
| Verizon Communications Inc | | | 20,424 | | | | 1,103,100 | |
| Walt Disney Co/The | | | 2,035 | | | | 344,261 | |
| WideOpenWest Inc (2) | | | 501 | | | | 9,845 | |
| World Wrestling Entertainment Inc | | | 635 | | | | 35,725 | |
| Yelp Inc (2) | | | 609 | | | | 22,679 | |
| Ziff Davis Inc (2) | | | 3,911 | | | | 534,321 | |
| | | | | | | | | |
| | | | | | | | 17,420,359 | |
| | | | | | | | | |
| Consumer Discretionary - 7.6% | | | | | | | | |
| Abercrombie & Fitch Co (2) | | | 589 | | | | 22,164 | |
| Adient PLC (2) | | | 439 | | | | 18,197 | |
| Amazon.com Inc (2) | | | 1,234 | | | | 4,053,739 | |
| American Axle & Manufacturing Holdings Inc (2) | | | 866 | | | | 7,629 | |
| American Eagle Outfitters Inc | | | 805 | | | | 20,769 | |
| Aptiv PLC (2) | | | 296 | | | | 44,095 | |
| Aramark | | | 1,380 | | | | 45,347 | |
| Bath & Body Works Inc | | | 693 | | | | 43,680 | |
| Bed Bath & Beyond Inc (2) | | | 257 | | | | 4,440 | |
| Best Buy Co Inc | | | 9,505 | | | | 1,004,774 | |
| Big 5 Sporting Goods Corp | | | 174 | | | | 4,009 | |
| Big Lots Inc | | | 1,336 | | | | 57,929 | |
| Biglari Holdings Inc (2) | | | 24 | | | | 4,123 | |
| Boyd Gaming Corp (2) | | | 1,019 | | | | 64,462 | |
| Brinker International Inc (2) | | | 534 | | | | 26,193 | |
| Buckle Inc/The | | | 168 | | | | 6,651 | |
| Caleres Inc | | | 522 | | | | 11,599 | |
| Capri Holdings Ltd (2) | | | 1,282 | | | | 62,062 | |
| Chico's FAS Inc (2) | | | 382 | | | | 1,715 | |
| Conn's Inc (2) | | | 126 | | | | 2,877 | |
| Crocs Inc (2) | | | 1,874 | | | | 268,882 | |
| Dana Inc | | | 1,945 | | | | 43,257 | |
| Darden Restaurants Inc | | | 1,307 | | | | 197,971 | |
| Dave & Buster's Entertainment Inc (2) | | | 588 | | | | 22,538 | |
| Del Taco Restaurants Inc | | | 80 | | | | 698 | |
| Designer Brands Inc (2) | | | 269 | | | | 3,747 | |
| Dick's Sporting Goods Inc | | | 874 | | | | 104,679 | |
| Dillard's Inc | | | 36 | | | | 6,211 | |
| Domino's Pizza Inc | | | 248 | | | | 118,286 | |
| eBay Inc | | | 1,055 | | | | 73,502 | |
| Everi Holdings Inc (2) | | | 770 | | | | 18,619 | |
| Fiesta Restaurant Group Inc (2) | | | 125 | | | | 1,370 | |
| Foot Locker Inc | | | 2,207 | | | | 100,772 | |
| Ford Motor Co (2) | | | 14,484 | | | | 205,093 | |
| Fossil Group Inc (2) | | | 178 | | | | 2,109 | |
| Frank's International NV (2) | | | 1,320 | | | | 3,881 | |
| GameStop Corp (2) | | | 230 | | | | 40,358 | |
| Gap Inc/The | | | 1,269 | | | | 28,806 | |
| General Motors Co (2) | | | 8,281 | | | | 436,492 | |
| Genesco Inc (2) | | | 44 | | | | 2,540 | |
| Genius Brands International Inc (2) | | | 295 | | | | 401 | |
| G-III Apparel Group Ltd (2) | | | 12 | | | | 340 | |
| Goodyear Tire & Rubber Co/The (2) | | | 2,233 | | | | 39,524 | |
| Greenlane Holdings Inc (2) | | | 1,026 | | | | 2,432 | |
| Group 1 Automotive Inc | | | 100 | | | | 18,788 | |
| Hibbett Inc | | | 353 | | | | 24,971 | |
| Home Depot Inc/The | | | 5,538 | | | | 1,817,904 | |
| Houghton Mifflin Harcourt Co (2) | | | 477 | | | | 6,406 | |
| International Game Technology PLC (2) | | | 1,965 | | | | 51,719 | |
| JOANN Inc | | | 38 | | | | 423 | |
| Kohl's Corp | | | 1,239 | | | | 58,345 | |
| Kontoor Brands Inc | | | 132 | | | | 6,593 | |
| Lands' End Inc (2) | | | 406 | | | | 9,557 | |
| Lear Corp | | | 550 | | | | 86,064 | |
| Lennar Corp | | | 1,840 | | | | 172,371 | |
| Liquidity Services Inc (2) | | | 62 | | | | 1,340 | |
| Lovesac Co/The (2) | | | 62 | | | | 4,098 | |
| Lululemon Athletica Inc (2) | | | 20 | | | | 8,094 | |
| Macy's Inc | | | 1,391 | | | | 31,437 | |
| MGM Resorts International | | | 1,107 | | | | 47,767 | |
| Modine Manufacturing Co (2) | | | 708 | | | | 8,022 | |
| Mohawk Industries Inc (2) | | | 2,859 | | | | 507,187 | |
| Nathan's Famous Inc | | | 42 | | | | 2,569 | |
| ODP Corp/The (2) | | | 156 | | | | 6,265 | |
| OneWater Marine Inc | | | 1,248 | | | | 50,182 | |
| Papa John's International Inc | | | 433 | | | | 54,987 | |
| Penske Automotive Group Inc | | | 1,549 | | | | 155,829 | |
| Qurate Retail Inc | | | 2,706 | | | | 27,574 | |
| RCI Hospitality Holdings Inc | | | 204 | | | | 13,976 | |
| Red Robin Gourmet Burgers Inc (2) | | | 715 | | | | 16,488 | |
| Red Rock Resorts Inc (2) | | | 1,104 | | | | 56,547 | |
| Rent-A-Center Inc/TX | | | 2,448 | | | | 137,602 | |
| Scientific Games Corp (2) | | | 783 | | | | 65,044 | |
| Shoe Carnival Inc | | | 257 | | | | 8,332 | |
| Shutterstock Inc | | | 172 | | | | 19,491 | |
| Signet Jewelers Ltd | | | 270 | | | | 21,319 | |
| Smith & Wesson Brands Inc | | | 931 | | | | 19,328 | |
| Sonos Inc (2) | | | 1,395 | | | | 45,142 | |
| Starbucks Corp | | | 8,747 | | | | 964,882 | |
| Tapestry Inc | | | 2,744 | | | | 101,583 | |
| Target Corp | | | 2,083 | | | | 476,528 | |
| Tempur Sealy International Inc | | | 408 | | | | 18,935 | |
| Tenneco Inc (2) | | | 1,673 | | | | 23,874 | |
| Tesla Inc (2) | | | 2,630 | | | | 2,039,512 | |
| Texas Roadhouse Inc | | | 942 | | | | 86,033 | |
| Thor Industries Inc | | | 1,441 | | | | 176,897 | |
| Tupperware Brands Corp (2) | | | 176 | | | | 3,717 | |
| Urban Outfitters Inc (2) | | | 152 | | | | 4,513 | |
| Vera Bradley Inc (2) | | | 1,811 | | | | 17,042 | |
| Vista Outdoor Inc (2) | | | 38 | | | | 1,532 | |
| Waitr Holdings Inc (2) | | | 2,433 | | | | 2,154 | |
| Winnebago Industries Inc | | | 993 | | | | 71,943 | |
| XPEL Inc (2) | | | 45 | | | | 3,414 | |
| Yum! Brands Inc | | | 1,585 | | | | 193,861 | |
| | | | | | | | | |
| | | | | | | | 14,977,143 | |
| | | | | | | | | |
| Consumer Staples - 2.0% | | | | | | | | |
| Albertsons Cos Inc | | | 2,759 | | | | 85,888 | |
| Andersons Inc/The | | | 8 | | | | 247 | |
| Bunge Ltd | | | 16,525 | | | | 1,343,813 | |
| Darling Ingredients Inc (2) | | | 10,650 | | | | 765,735 | |
| Hershey Co/The | | | 6,895 | | | | 1,166,979 | |
| Ingles Markets Inc | | | 95 | | | | 6,273 | |
| Kroger Co/The | | | 746 | | | | 30,161 | |
| Nature's Sunshine Products Inc | | | 303 | | | | 4,439 | |
| Nu Skin Enterprises Inc | | | 122 | | | | 4,937 | |
| PepsiCo Inc | | | 831 | | | | 124,991 | |
| Performance Food Group Co (2) | | | 229 | | | | 10,639 | |
| Spectrum Brands Holdings Inc | | | 102 | | | | 9,758 | |
| Tyson Foods Inc | | | 474 | | | | 37,418 | |
| United Natural Foods Inc (2) | | | 282 | | | | 13,654 | |
| Walgreens Boots Alliance Inc | | | 1,352 | | | | 63,612 | |
| Walmart Inc | | | 1,885 | | | | 262,731 | |
| | | | | | | | | |
| | | | | | | | 3,931,275 | |
| Energy - 1.9% | | | | | | |
| Alto Ingredients Inc (2) | | | 215 | | | | 1,062 | |
| Antero Resources Corp (2) | | | 1,499 | | | | 28,196 | |
| APA Corp | | | 2,557 | | | | 54,797 | |
| Ardmore Shipping Corp | | | 720 | | | | 2,988 | |
| Berry Corp | | | 2,275 | | | | 16,403 | |
| Bristow Group Inc (2) | | | 144 | | | | 4,584 | |
| Cactus Inc | | | 215 | | | | 8,110 | |
| Centennial Resource Development Inc/DE (2) | | | 642 | | | | 4,301 | |
| ChampionX Corp (2) | | | 1,127 | | | | 25,200 | |
| Cimarex Energy Co | | | 694 | | | | 60,517 | |
| ConocoPhillips | | | 5,160 | | | | 349,693 | |
| CONSOL Energy Inc (2) | | | 403 | | | | 10,486 | |
| Continental Resources Inc/OK | | | 75 | | | | 3,461 | |
| Delek US Holdings Inc | | | 698 | | | | 12,543 | |
| Devon Energy Corp | | | 5,077 | | | | 180,284 | |
| DHT Holdings Inc | | | 1,154 | | | | 7,536 | |
| Diamondback Energy Inc | | | 858 | | | | 81,227 | |
| Dorian LPG Ltd | | | 593 | | | | 7,359 | |
| Earthstone Energy Inc (2) | | | 189 | | | | 1,739 | |
| EOG Resources Inc | | | 2,463 | | | | 197,705 | |
| Exxon Mobil Corp | | | 28,938 | | | | 1,702,133 | |
| Goodrich Petroleum Corp (2) | | | 24 | | | | 568 | |
| Hess Corp | | | 726 | | | | 56,708 | |
| ION Geophysical Corp (2) | | | 2,321 | | | | 3,087 | |
| Laredo Petroleum Inc (2) | | | 118 | | | | 9,566 | |
| Magnolia Oil & Gas Corp | | | 682 | | | | 12,133 | |
| Marathon Oil Corp | | | 6,448 | | | | 88,144 | |
| NextDecade Corp (2) | | | 563 | | | | 1,565 | |
| Nine Energy Service Inc (2) | | | 1,914 | | | | 3,503 | |
| Northern Oil and Gas Inc (2) | | | 280 | | | | 5,992 | |
| Occidental Petroleum Corp | | | 5,786 | | | | 171,150 | |
| Oceaneering International Inc (2) | | | 197 | | | | 2,624 | |
| Overseas Shipholding Group Inc (2) | | | 818 | | | | 1,701 | |
| Ovintiv Inc | | | 1,774 | | | | 58,329 | |
| PDC Energy Inc | | | 249 | | | | 11,800 | |
| Peabody Energy Corp (2) | | | 769 | | | | 11,374 | |
| Pioneer Natural Resources Co | | | 714 | | | | 118,888 | |
| Range Resources Corp (2) | | | 636 | | | | 14,393 | |
| Schlumberger NV | | | 7,209 | | | | 213,675 | |
| Scorpio Tankers Inc | | | 323 | | | | 5,988 | |
| SM Energy Co | | | 717 | | | | 18,914 | |
| Southwestern Energy Co (2) | | | 4,966 | | | | 27,512 | |
| Talos Energy Inc (2) | | | 777 | | | | 10,699 | |
| Teekay Corp (2) | | | 1,555 | | | | 5,691 | |
| Transocean Ltd (2) | | | 1,622 | | | | 6,147 | |
| Uranium Energy Corp (2) | | | 1,407 | | | | 4,291 | |
| W&T Offshore Inc (2) | | | 179 | | | | 666 | |
| Whiting Petroleum Corp (2) | | | 205 | | | | 11,974 | |
| World Fuel Services Corp | | | 33 | | | | 1,109 | |
| | | | | | | | | |
| | | | | | | | 3,638,515 | |
| Financials - 9.3% | | | | | | |
| Affiliated Managers Group Inc | | | 1,026 | | | | 155,018 | |
| Ally Financial Inc | | | 4,769 | | | | 243,457 | |
| American Financial Group Inc/OH | | | 604 | | | | 76,001 | |
| American International Group Inc | | | 31,439 | | | | 1,725,687 | |
| Ameris Bancorp | | | 1,617 | | | | 83,890 | |
| Arbor Realty Trust Inc | | | 29 | | | | 537 | |
| Artisan Partners Asset Management Inc | | | 822 | | | | 40,212 | |
| Athene Holding Ltd (2) | | | 6,177 | | | | 425,410 | |
| Bank of America Corp | | | 17,043 | | | | 723,475 | |
| Bank of New York Mellon Corp/The | | | 3,239 | | | | 167,910 | |
| Bank OZK | | | 574 | | | | 24,671 | |
| Berkshire Hathaway Inc (2) | | | 10,878 | | | | 2,969,041 | |
| BGC Partners Inc | | | 819 | | | | 4,267 | |
| Blackstone Inc | | | 14,279 | | | | 1,661,219 | |
| Brighthouse Financial Inc (2) | | | 2,275 | | | | 102,898 | |
| Cadence BanCorp | | | 108 | | | | 2,372 | |
| Capital Bancorp Inc | | | 1,243 | | | | 29,907 | |
| Capital One Financial Corp | | | 2,357 | | | | 381,763 | |
| Cathay General Bancorp | | | 727 | | | | 30,091 | |
| Charles Schwab Corp/The | | | 3,873 | | | | 282,109 | |
| Chimera Investment Corp | | | 12,160 | | | | 180,576 | |
| Citigroup Inc | | | 7,358 | | | | 516,384 | |
| Citizens Financial Group Inc | | | 3,131 | | | | 147,094 | |
| Civista Bancshares Inc | | | 336 | | | | 7,805 | |
| Crawford & Co | | | 792 | | | | 7,096 | |
| Curo Group Holdings Corp | | | 3,891 | | | | 67,431 | |
| Customers Bancorp Inc (2) | | | 376 | | | | 16,176 | |
| East West Bancorp Inc | | | 776 | | | | 60,171 | |
| Ellington Financial Inc | | | 4,035 | | | | 73,800 | |
| Evercore Inc | | | 1,684 | | | | 225,100 | |
| Fidelity National Financial Inc | | | 1,892 | | | | 85,783 | |
| Fifth Third Bancorp | | | 6,487 | | | | 275,308 | |
| First American Financial Corp | | | 3,976 | | | | 266,591 | |
| First Financial Bankshares Inc | | | 2,100 | | | | 96,495 | |
| First Horizon Corp | | | 10,968 | | | | 178,669 | |
| FNB Corp/PA | | | 1,550 | | | | 18,011 | |
| Goldman Sachs Group Inc/The | | | 170 | | | | 64,265 | |
| Granite Point Mortgage Trust Inc | | | 986 | | | | 12,986 | |
| Great Western Bancorp Inc | | | 533 | | | | 17,450 | |
| Hartford Financial Services Group Inc/The | | | 1,798 | | | | 126,310 | |
| Hilltop Holdings Inc | | | 1,720 | | | | 56,192 | |
| Independent Bank Corp/MI | | | 63 | | | | 1,353 | |
| Invesco Ltd | | | 2,892 | | | | 69,726 | |
| Investors Bancorp Inc | | | 1 | | | | 15 | |
| Investors Title Co | | | 43 | | | | 7,852 | |
| Janus Henderson Group PLC | | | 981 | | | | 40,545 | |
| JPMorgan Chase & Co | | | 3,322 | | | | 543,778 | |
| LendingClub Corp (2) | | | 454 | | | | 12,821 | |
| Meta Financial Group Inc | | | 561 | | | | 29,441 | |
| MetLife Inc | | | 1,496 | | | | 92,348 | |
| Moelis & Co | | | 1,501 | | | | 92,867 | |
| Morgan Stanley | | | 6,172 | | | | 600,597 | |
| Mr Cooper Group Inc (2) | | | 629 | | | | 25,896 | |
| MSCI Inc | | | 279 | | | | 169,727 | |
| MVB Financial Corp | | | 1,668 | | | | 71,440 | |
| NewStar Financial Contingent Value Rights (2)(5)(8) | | | 95 | | | | 0 | |
| Northrim BanCorp Inc | | | 1,376 | | | | 58,494 | |
| Old Republic International Corp | | | 3,159 | | | | 73,068 | |
| OneMain Holdings Inc | | | 285 | | | | 15,769 | |
| Oppenheimer Holdings Inc | | | 974 | | | | 44,112 | |
| PacWest Bancorp | | | 1,119 | | | | 50,713 | |
| PNC Financial Services Group Inc/The | | | 1,427 | | | | 279,178 | |
| Popular Inc | | | 353 | | | | 27,418 | |
| Pzena Investment Management Inc | | | 3,069 | | | | 30,199 | |
| RBB Bancorp | | | 1,833 | | | | 46,210 | |
| Redwood Trust Inc | | | 1,710 | | | | 22,042 | |
| Regions Financial Corp | | | 9,985 | | | | 212,780 | |
| Sandy Spring Bancorp Inc | | | 956 | | | | 43,804 | |
| SB Financial Group Inc | | | 318 | | | | 5,782 | |
| Siebert Financial Corp (2) | | | 252 | | | | 844 | |
| Signature Bank/New York NY | | | 80 | | | | 21,782 | |
| SLM Corp | | | 2,935 | | | | 51,656 | |
| StepStone Group Inc | | | 199 | | | | 8,485 | |
| Stewart Information Services Corp | | | 2,427 | | | | 153,532 | |
| StoneX Group Inc (2) | | | 113 | | | | 7,447 | |
| SVB Financial Group (2) | | | 207 | | | | 133,904 | |
| Synchrony Financial | | | 33,568 | | | | 1,640,804 | |
| Synovus Financial Corp | | | 1,997 | | | | 87,648 | |
| T Rowe Price Group Inc | | | 327 | | | | 64,321 | |
| Tiptree Inc | | | 420 | | | | 4,208 | |
| Truist Financial Corp | | | 5,227 | | | | 306,564 | |
| Umpqua Holdings Corp | | | 6,077 | | | | 123,059 | |
| US Bancorp | | | 9,476 | | | | 563,253 | |
| Valley National Bancorp | | | 570 | | | | 7,587 | |
| Virtus Investment Partners Inc | | | 95 | | | | 29,480 | |
| Walker & Dunlop Inc | | | 276 | | | | 31,326 | |
| Wells Fargo & Co | | | 13,083 | | | | 607,182 | |
| Western Alliance Bancorp | | | 615 | | | | 66,924 | |
| Wintrust Financial Corp | | | 182 | | | | 14,627 | |
| Zions Bancorp NA | | | 725 | | | | 44,870 | |
| | | | | | | | | |
| | | | | | | | 18,267,106 | |
| | | | | | | | | |
| Healthcare - 15.2% | | | | | | | | |
| Abbott Laboratories | | | 4,939 | | | | 583,444 | |
| AbbVie Inc | | | 14,562 | | | | 1,570,803 | |
| Abeona Therapeutics Inc (2) | | | 619 | | | | 693 | |
| Aclaris Therapeutics Inc (2) | | | 212 | | | | 3,816 | |
| Affimed NV (2) | | | 1,108 | | | | 6,847 | |
| Agilent Technologies Inc | | | 3,612 | | | | 568,998 | |
| Agios Pharmaceuticals Inc (2) | | | 294 | | | | 13,568 | |
| Alector Inc (2) | | | 286 | | | | 6,527 | |
| Align Technology Inc (2) | | | 161 | | | | 107,134 | |
| Alkermes PLC (2) | | | 601 | | | | 18,535 | |
| Allakos Inc (2) | | | 96 | | | | 10,164 | |
| Alnylam Pharmaceuticals Inc (2) | | | 731 | | | | 138,020 | |
| Amedisys Inc (2) | | | 52 | | | | 7,753 | |
| Amgen Inc | | | 4,678 | | | | 994,777 | |
| Amicus Therapeutics Inc (2) | | | 379 | | | | 3,619 | |
| Amneal Pharmaceuticals Inc (2) | | | 1,938 | | | | 10,349 | |
| Apellis Pharmaceuticals Inc (2) | | | 351 | | | | 11,569 | |
| Apollo Medical Holdings Inc (2) | | | 18 | | | | 1,639 | |
| Arbutus Biopharma Corp (2) | | | 2,483 | | | | 10,652 | |
| Arcutis Biotherapeutics Inc (2) | | | 383 | | | | 9,150 | |
| Arrowhead Pharmaceuticals Inc (2) | | | 523 | | | | 32,651 | |
| Avalo Therapeutics Inc (2) | | | 2,238 | | | | 4,879 | |
| Avid Bioservices Inc (2) | | | 338 | | | | 7,291 | |
| Baxter International Inc | | | 711 | | | | 57,186 | |
| Beam Therapeutics Inc (2) | | | 303 | | | | 26,364 | |
| Becton Dickinson and Co | | | 1 | | | | 246 | |
| Beyondspring Inc (2) | | | 463 | | | | 7,297 | |
| BioDelivery Sciences International Inc (2) | | | 1,345 | | | | 4,855 | |
| Biogen Inc (2) | | | 5,853 | | | | 1,656,340 | |
| Bio-Techne Corp | | | 458 | | | | 221,933 | |
| Blueprint Medicines Corp (2) | | | 290 | | | | 29,815 | |
| Bridgebio Pharma Inc (2) | | | 269 | | | | 12,608 | |
| Bristol-Myers Squibb Co | | | 20,658 | | | | 1,222,334 | |
| Bruker Corp | | | 781 | | | | 60,996 | |
| Calyxt Inc (2) | | | 400 | | | | 1,348 | |
| Cardinal Health Inc | | | 5,229 | | | | 258,626 | |
| CareDx Inc (2) | | | 789 | | | | 49,999 | |
| CASI Pharmaceuticals Inc (2) | | | 1,242 | | | | 1,478 | |
| Cassava Sciences Inc (2) | | | 504 | | | | 31,288 | |
| Catalent Inc (2) | | | 727 | | | | 96,742 | |
| Catalyst Pharmaceuticals Inc (2) | | | 2,184 | | | | 11,575 | |
| Celcuity Inc (2) | | | 3 | | | | 54 | |
| Centogene NV (2) | | | 664 | | | | 7,311 | |
| Cerner Corp | | | 5,758 | | | | 406,054 | |
| Charles River Laboratories International Inc (2) | | | 164 | | | | 67,678 | |
| Checkpoint Therapeutics Inc (2) | | | 915 | | | | 3,020 | |
| Chimerix Inc (2) | | | 725 | | | | 4,488 | |
| Community Health Systems Inc (2) | | | 742 | | | | 8,681 | |
| Computer Programs and Systems Inc (2) | | | 797 | | | | 28,262 | |
| Cortexyme Inc (2) | | | 115 | | | | 10,541 | |
| Corvus Pharmaceuticals Inc (2) | | | 645 | | | | 3,122 | |
| Crinetics Pharmaceuticals Inc (2) | | | 472 | | | | 9,936 | |
| Cross Country Healthcare Inc (2) | | | 49 | | | | 1,041 | |
| CureVac NV (2) | | | 84 | | | | 4,588 | |
| CVS Health Corp | | | 8,689 | | | | 737,349 | |
| Danaher Corp | | | 4,242 | | | | 1,291,434 | |
| Denali Therapeutics Inc (2) | | | 500 | | | | 25,225 | |
| DENTSPLY SIRONA Inc | | | 2,337 | | | | 135,663 | |
| Dicerna Pharmaceuticals Inc (2) | | | 605 | | | | 12,197 | |
| Dynavax Technologies Corp (2) | | | 725 | | | | 13,927 | |
| Editas Medicine Inc (2) | | | 416 | | | | 17,089 | |
| Eli Lilly & Co | | | 3,955 | | | | 913,803 | |
| Eloxx Pharmaceuticals Inc (2) | | | 3,173 | | | | 5,172 | |
| Endo International PLC (2) | | | 1,141 | | | | 3,697 | |
| Evelo Biosciences Inc (2) | | | 1,227 | | | | 8,638 | |
| Exact Sciences Corp (2) | | | 807 | | | | 77,028 | |
| Exelixis Inc (2) | | | 2,169 | | | | 45,853 | |
| Fate Therapeutics Inc (2) | | | 382 | | | | 22,641 | |
| Galectin Therapeutics Inc (2) | | | 1,059 | | | | 4,109 | |
| Genprex Inc (2) | | | 1,467 | | | | 3,932 | |
| Gilead Sciences Inc | | | 9,363 | | | | 654,006 | |
| Halozyme Therapeutics Inc (2) | | | 20 | | | | 814 | |
| HCA Healthcare Inc | | | 1,239 | | | | 300,730 | |
| Horizon Therapeutics Plc (2) | | | 5,689 | | | | 623,173 | |
| ICU Medical Inc (2) | | | 54 | | | | 12,603 | |
| Idera Pharmaceuticals Inc (2) | | | 833 | | | | 858 | |
| IDEXX Laboratories Inc (2) | | | 165 | | | | 102,614 | |
| IGM Biosciences Inc (2) | | | 51 | | | | 3,354 | |
| Illumina Inc (2) | | | 465 | | | | 188,609 | |
| Incyte Corp (2) | | | 3,189 | | | | 219,339 | |
| Inogen Inc (2) | | | 264 | | | | 11,376 | |
| Inotiv Inc (2) | | | 329 | | | | 9,620 | |
| Intellia Therapeutics Inc (2) | | | 265 | | | | 35,550 | |
| Johnson & Johnson | | | 22,348 | | | | 3,609,202 | |
| Jounce Therapeutics Inc (2) | | | 541 | | | | 4,020 | |
| Karuna Therapeutics Inc (2) | | | 3 | | | | 367 | |
| Kezar Life Sciences Inc (2) | | | 896 | | | | 7,741 | |
| La Jolla Pharmaceutical Co (2) | | | 873 | | | | 3,483 | |
| Ligand Pharmaceuticals Inc (2) | | | 52 | | | | 7,245 | |
| MacroGenics Inc (2) | | | 54 | | | | 1,131 | |
| Mallinckrodt PLC (2) | | | 2,967 | | | | 589 | |
| MannKind Corp (2) | | | 2,811 | | | | 12,228 | |
| Marinus Pharmaceuticals Inc (2) | | | 355 | | | | 4,040 | |
| MEDNAX Inc (2) | | | 405 | | | | 11,514 | |
| Medtronic PLC | | | 12,952 | | | | 1,623,533 | |
| Merck & Co Inc | | | 29,145 | | | | 2,189,081 | |
| Mind Medicine MindMed Inc (2) | | | 407 | | | | 948 | |
| Mirati Therapeutics Inc (2) | | | 300 | | | | 53,073 | |
| Moderna Inc (2) | | | 1,335 | | | | 513,788 | |
| Morphic Holding Inc (2) | | | 15 | | | | 850 | |
| Myriad Genetics Inc (2) | | | 504 | | | | 16,274 | |
| Natera Inc (2) | | | 459 | | | | 51,151 | |
| Neurocrine Biosciences Inc (2) | | | 82 | | | | 7,865 | |
| Novavax Inc (2) | | | 296 | | | | 61,364 | |
| Ocugen Inc (2) | | | 521 | | | | 3,741 | |
| Oncocyte Corp (2) | | | 905 | | | | 3,222 | |
| Oramed Pharmaceuticals Inc (2) | | | 23 | | | | 506 | |
| Organon & Co | | | 1,829 | | | | 59,973 | |
| Otonomy Inc (2) | | | 2,774 | | | | 5,326 | |
| Owens & Minor Inc | | | 55 | | | | 1,721 | |
| Pacific Biosciences of California Inc (2) | | | 48 | | | | 1,226 | |
| PerkinElmer Inc | | | 1,026 | | | | 177,796 | |
| Perrigo Co PLC | | | 3,660 | | | | 173,228 | |
| Pfizer Inc | | | 32,875 | | | | 1,413,954 | |
| Precigen Inc (2) | | | 888 | | | | 4,431 | |
| Prothena Corp PLC (2) | | | 227 | | | | 16,169 | |
| PTC Therapeutics Inc (2) | | | 323 | | | | 12,019 | |
| Puma Biotechnology Inc (2) | | | 1,524 | | | | 10,683 | |
| Quest Diagnostics Inc | | | 569 | | | | 82,681 | |
| Radius Health Inc (2) | | | 186 | | | | 2,308 | |
| Regeneron Pharmaceuticals Inc (2) | | | 3,346 | | | | 2,024,932 | |
| REGENXBIO Inc (2) | | | 218 | | | | 9,139 | |
| ResMed Inc | | | 68 | | | | 17,921 | |
| Rigel Pharmaceuticals Inc (2) | | | 1,848 | | | | 6,708 | |
| Rocket Pharmaceuticals Inc (2) | | | 605 | | | | 18,083 | |
| Royalty Pharma PLC | | | 1,770 | | | | 63,968 | |
| Seagen Inc (2) | | | 231 | | | | 39,224 | |
| Seres Therapeutics Inc (2) | | | 136 | | | | 947 | |
| Sesen Bio Inc (2) | | | 1,760 | | | | 1,396 | |
| Sorrento Therapeutics Inc (2) | | | 1,770 | | | | 13,505 | |
| SpringWorks Therapeutics Inc (2) | | | 156 | | | | 9,897 | |
| STAAR Surgical Co (2) | | | 351 | | | | 45,114 | |
| Stoke Therapeutics Inc (2) | | | 235 | | | | 5,978 | |
| Stryker Corp | | | 3,423 | | | | 902,714 | |
| Sutro Biopharma Inc (2) | | | 454 | | | | 8,576 | |
| Thermo Fisher Scientific Inc | | | 2,559 | | | | 1,462,033 | |
| Turning Point Therapeutics Inc (2) | | | 28 | | | | 1,860 | |
| Twist Bioscience Corp (2) | | | 465 | | | | 49,741 | |
| Tyme Technologies Inc (2) | | | 549 | | | | 565 | |
| Ultragenyx Pharmaceutical Inc (2) | | | 410 | | | | 36,978 | |
| United Therapeutics Corp (2) | | | 761 | | | | 140,465 | |
| UnitedHealth Group Inc | | | 8 | | | | 3,126 | |
| Vanda Pharmaceuticals Inc (2) | | | 823 | | | | 14,106 | |
| Veeva Systems Inc (2) | | | 1,137 | | | | 327,649 | |
| Vertex Pharmaceuticals Inc (2) | | | 1,718 | | | | 311,628 | |
| Viatris Inc | | | 9,003 | | | | 121,991 | |
| WaVe Life Sciences Ltd (2) | | | 47 | | | | 230 | |
| Zentalis Pharmaceuticals Inc (2) | | | 280 | | | | 18,659 | |
| ZIOPHARM Oncology Inc (2) | | | 1,005 | | | | 1,829 | |
| | | | | | | | | |
| | | | | | | | 29,716,520 | |
| | | | | | | | | |
| Industrials - 5.3% | | | | | | | | |
| 3M Co | | | 4,376 | | | | 767,638 | |
| ABM Industries Inc | | | 1,764 | | | | 79,398 | |
| Acuity Brands Inc | | | 516 | | | | 89,459 | |
| AGCO Corp | | | 1,371 | | | | 167,989 | |
| Altra Industrial Motion Corp | | | 206 | | | | 11,402 | |
| ArcBest Corp | | | 325 | | | | 26,575 | |
| Atkore Inc (2) | | | 444 | | | | 38,592 | |
| Atlas Air Worldwide Holdings Inc (2) | | | 442 | | | | 36,103 | |
| Avis Budget Group Inc (2) | | | 275 | | | | 32,040 | |
| Axon Enterprise Inc (2) | | | 306 | | | | 53,556 | |
| AZZ Inc | | | 621 | | | | 33,037 | |
| BlueLinx Holdings Inc (2) | | | 85 | | | | 4,155 | |
| Boise Cascade Co | | | 3,406 | | | | 183,856 | |
| Builders FirstSource Inc (2) | | | 1,108 | | | | 57,328 | |
| ChargePoint Holdings Inc (2) | | | 238 | | | | 4,758 | |
| Comfort Systems USA Inc | | | 561 | | | | 40,011 | |
| Covenant Logistics Group Inc (2) | | | 574 | | | | 15,871 | |
| CSX Corp | | | 2,473 | | | | 73,547 | |
| Donaldson Co Inc | | | 2,256 | | | | 129,517 | |
| Dover Corp | | | 4,567 | | | | 710,169 | |
| Eaton Corp PLC | | | 385 | | | | 57,484 | |
| Emerson Electric Co | | | 2,776 | | | | 261,499 | |
| Encore Wire Corp | | | 837 | | | | 79,373 | |
| EnerSys | | | 781 | | | | 58,138 | |
| Expeditors International of Washington Inc | | | 13,238 | | | | 1,577,043 | |
| FedEx Corp | | | 601 | | | | 131,793 | |
| Genco Shipping & Trading Ltd | | | 1,132 | | | | 22,787 | |
| Generac Holdings Inc (2) | | | 607 | | | | 248,063 | |
| General Dynamics Corp | | | 1,217 | | | | 238,569 | |
| Graco Inc | | | 2,419 | | | | 169,257 | |
| GrafTech International Ltd | | | 2,452 | | | | 25,305 | |
| Herc Holdings Inc | | | 539 | | | | 88,105 | |
| Herman Miller Inc | | | 429 | | | | 16,156 | |
| Hertz Global Holdings Inc (2) | | | 12 | | | | 235 | |
| Hillenbrand Inc | | | 1,278 | | | | 54,507 | |
| Hubbell Inc | | | 2,235 | | | | 403,797 | |
| Huntington Ingalls Industries Inc | | | 1,861 | | | | 359,285 | |
| JB Hunt Transport Services Inc | | | 491 | | | | 82,105 | |
| Karat Packaging Inc (2) | | | 140 | | | | 2,944 | |
| Manitowoc Co Inc/The (2) | | | 1,164 | | | | 24,933 | |
| ManpowerGroup Inc | | | 2,297 | | | | 248,719 | |
| Matson Inc | | | 470 | | | | 37,934 | |
| Mesa Air Group Inc (2) | | | 1,252 | | | | 9,590 | |
| Miller Industries Inc/TN | | | 2,007 | | | | 68,318 | |
| Mueller Industries Inc | | | 4,596 | | | | 188,896 | |
| MYR Group Inc (2) | | | 138 | | | | 13,731 | |
| National Presto Industries Inc | | | 108 | | | | 8,865 | |
| nVent Electric PLC | | | 1,289 | | | | 41,673 | |
| Old Dominion Freight Line Inc | | | 527 | | | | 150,711 | |
| Oshkosh Corp | | | 609 | | | | 62,343 | |
| Owens Corning | | | 1,823 | | | | 155,867 | |
| PAE Inc (2) | | | 125 | | | | 748 | |
| Plug Power Inc (2) | | | 853 | | | | 21,786 | |
| Primoris Services Corp | | | 1,690 | | | | 41,388 | |
| Quad/Graphics Inc (2) | | | 2,337 | | | | 9,932 | |
| Quanta Services Inc | | | 9,777 | | | | 1,112,818 | |
| Regal Rexnord Corp | | | 1,428 | | | | 214,686 | |
| Resideo Technologies Inc (2) | | | 700 | | | | 17,353 | |
| REV Group Inc | | | 770 | | | | 13,213 | |
| Ryder System Inc | | | 2,496 | | | | 206,444 | |
| Saia Inc (2) | | | 140 | | | | 33,324 | |
| Shyft Group Inc/The | | | 647 | | | | 24,592 | |
| SkyWest Inc (2) | | | 1,486 | | | | 73,319 | |
| Steelcase Inc | | | 647 | | | | 8,204 | |
| Sterling Construction Co Inc (2) | | | 6 | | | | 136 | |
| Terex Corp | | | 1,646 | | | | 69,297 | |
| Textainer Group Holdings Ltd (2) | | | 724 | | | | 25,275 | |
| Textron Inc | | | 2,700 | | | | 188,487 | |
| Titan International Inc (2) | | | 384 | | | | 2,749 | |
| Titan Machinery Inc (2) | | | 334 | | | | 8,654 | |
| Triton International Ltd | | | 1,540 | | | | 80,142 | |
| TrueBlue Inc (2) | | | 345 | | | | 9,343 | |
| Union Pacific Corp | | | 706 | | | | 138,383 | |
| United Parcel Service Inc | | | 2,066 | | | | 376,219 | |
| Univar Solutions Inc (2) | | | 78 | | | | 1,858 | |
| Valmont Industries Inc | | | 783 | | | | 184,099 | |
| Vectrus Inc (2) | | | 1,322 | | | | 66,470 | |
| Veritiv Corp (2) | | | 54 | | | | 4,836 | |
| WESCO International Inc (2) | | | 595 | | | | 68,615 | |
| Yellow Corp (2) | | | 1,039 | | | | 5,870 | |
| | | | | | | | | |
| | | | | | | | 10,451,266 | |
| | | | | | | | | |
| Information Technology - 22.2% | | | | | | | | |
| 3D Systems Corp (2) | | | 345 | | | | 9,512 | |
| Accenture PLC | | | 557 | | | | 178,195 | |
| ACI Worldwide Inc (2) | | | 2,786 | | | | 85,614 | |
| Adobe Inc (2) | | | 3,295 | | | | 1,896,997 | |
| ADTRAN Inc | | | 1,151 | | | | 21,593 | |
| Alliance Data Systems Corp | | | 521 | | | | 52,564 | |
| American Software Inc/GA | | | 438 | | | | 10,403 | |
| Amkor Technology Inc | | | 1,341 | | | | 33,458 | |
| Apple Inc | | | 32,554 | | | | 4,606,391 | |
| Applied Materials Inc | | | 12,477 | | | | 1,606,164 | |
| Arrow Electronics Inc (2) | | | 2,715 | | | | 304,867 | |
| Autodesk Inc (2) | | | 1,253 | | | | 357,318 | |
| Aviat Networks Inc (2) | | | 514 | | | | 16,890 | |
| Avid Technology Inc (2) | | | 169 | | | | 4,887 | |
| Avnet Inc | | | 4,145 | | | | 153,241 | |
| Belden Inc | | | 48 | | | | 2,796 | |
| Bill.com Holdings Inc (2) | | | 259 | | | | 69,140 | |
| Box Inc (2) | | | 2,273 | | | | 53,802 | |
| Broadcom Inc | | | 1,656 | | | | 803,044 | |
| Cadence Design Systems Inc (2) | | | 12,931 | | | | 1,958,271 | |
| Calix Inc (2) | | | 1,035 | | | | 51,160 | |
| Cambium Networks Corp (2) | | | 87 | | | | 3,149 | |
| CDK Global Inc | | | 8,159 | | | | 347,165 | |
| CDW Corp/DE | | | 1,125 | | | | 204,773 | |
| ChannelAdvisor Corp (2) | | | 1,751 | | | | 44,178 | |
| Cisco Systems Inc/Delaware | | | 20,630 | | | | 1,122,891 | |
| Cloudflare Inc (2) | | | 707 | | | | 79,644 | |
| Cognizant Technology Solutions Corp | | | 4,727 | | | | 350,791 | |
| CommScope Holding Co Inc (2) | | | 2,421 | | | | 32,901 | |
| CommVault Systems Inc (2) | | | 3,297 | | | | 248,297 | |
| Concentrix Corp | | | 370 | | | | 65,490 | |
| Conduent Inc (2) | | | 3,442 | | | | 22,683 | |
| Corning Inc | | | 6,627 | | | | 241,819 | |
| Crowdstrike Holdings Inc (2) | | | 572 | | | | 140,586 | |
| Diebold Nixdorf Inc (2) | | | 957 | | | | 9,675 | |
| Dolby Laboratories Inc | | | 5,221 | | | | 459,448 | |
| DXC Technology Co (2) | | | 1,909 | | | | 64,161 | |
| Dynatrace Inc (2) | | | 571 | | | | 40,524 | |
| Ebix Inc | | | 57 | | | | 1,535 | |
| EPAM Systems Inc (2) | | | 1,069 | | | | 609,843 | |
| Extreme Networks Inc (2) | | | 1,152 | | | | 11,347 | |
| Fortinet Inc (2) | | | 1,215 | | | | 354,829 | |
| Hewlett Packard Enterprise Co | | | 9,667 | | | | 137,755 | |
| HP Inc | | | 24,417 | | | | 668,049 | |
| HubSpot Inc (2) | | | 71 | | | | 48,002 | |
| Intel Corp | | | 22,444 | | | | 1,195,816 | |
| International Business Machines Corp | | | 3,862 | | | | 536,548 | |
| Intuit Inc | | | 5,976 | | | | 3,224,112 | |
| Jabil Inc | | | 6,169 | | | | 360,085 | |
| Kimball Electronics Inc (2) | | | 975 | | | | 25,126 | |
| Kulicke & Soffa Industries Inc | | | 757 | | | | 44,118 | |
| Littelfuse Inc | | | 117 | | | | 31,973 | |
| Manhattan Associates Inc (2) | | | 1,311 | | | | 200,622 | |
| Marathon Digital Holdings Inc (2) | | | 461 | | | | 14,558 | |
| McAfee Corp | | | 5,346 | | | | 118,200 | |
| Micron Technology Inc | | | 4,043 | | | | 286,972 | |
| Microsoft Corp | | | 37,020 | | | | 10,436,667 | |
| MicroVision Inc (2) | | | 1,398 | | | | 15,448 | |
| MKS Instruments Inc | | | 119 | | | | 17,958 | |
| MongoDB Inc (2) | | | 111 | | | | 52,338 | |
| Monolithic Power Systems Inc | | | 113 | | | | 54,769 | |
| NCR Corp (2) | | | 1,732 | | | | 67,132 | |
| NortonLifeLock Inc | | | 5,183 | | | | 131,130 | |
| NVIDIA Corp | | | 9,216 | | | | 1,909,187 | |
| NXP Semiconductors NV | | | 64 | | | | 12,536 | |
| Okta Inc (2) | | | 320 | | | | 75,949 | |
| ON Semiconductor Corp (2) | | | 1,008 | | | | 46,136 | |
| Oracle Corp | | | 11,325 | | | | 986,747 | |
| Perficient Inc (2) | | | 304 | | | | 35,173 | |
| Plantronics Inc (2) | | | 140 | | | | 3,599 | |
| Priority Technology Holdings Inc (2) | | | 395 | | | | 2,639 | |
| Progress Software Corp | | | 2,452 | | | | 120,614 | |
| Qorvo Inc (2) | | | 1,319 | | | | 220,524 | |
| QUALCOMM Inc | | | 11,053 | | | | 1,425,616 | |
| Rimini Street Inc (2) | | | 592 | | | | 5,713 | |
| Riot Blockchain Inc (2) | | | 680 | | | | 17,476 | |
| salesforce.com Inc (2) | | | 3,005 | | | | 815,016 | |
| Sanmina Corp (2) | | | 369 | | | | 14,221 | |
| ScanSource Inc (2) | | | 307 | | | | 10,681 | |
| SecureWorks Corp (2) | | | 455 | | | | 9,045 | |
| SiTime Corp (2) | | | 46 | | | | 9,392 | |
| Skyworks Solutions Inc | | | 141 | | | | 23,234 | |
| Smartsheet Inc (2) | | | 177 | | | | 12,181 | |
| Sprout Social Inc (2) | | | 189 | | | | 23,049 | |
| SS&C Technologies Holdings Inc | | | 11,558 | | | | 802,125 | |
| StarTek Inc (2) | | | 1,008 | | | | 5,554 | |
| Synopsys Inc (2) | | | 864 | | | | 258,690 | |
| Teradata Corp (2) | | | 905 | | | | 51,902 | |
| Texas Instruments Inc | | | 4,960 | | | | 953,362 | |
| Trade Desk Inc/The (2) | | | 1,294 | | | | 90,968 | |
| Trimble Inc (2) | | | 293 | | | | 24,099 | |
| TTEC Holdings Inc | | | 272 | | | | 25,440 | |
| Twilio Inc (2) | | | 41 | | | | 13,081 | |
| Ultra Clean Holdings Inc (2) | | | 342 | | | | 14,569 | |
| Viant Technology Inc (2) | | | 1,628 | | | | 19,894 | |
| Visa Inc | | | 3,129 | | | | 696,985 | |
| Workday Inc (2) | | | 15 | | | | 3,748 | |
| Workiva Inc (2) | | | 102 | | | | 14,378 | |
| Xperi Holding Corp | | | 2,138 | | | | 40,280 | |
| Zebra Technologies Corp (2) | | | 443 | | | | 228,331 | |
| Zscaler Inc (2) | | | 50 | | | | 13,111 | |
| | | | | | | | | |
| | | | | | | | 43,434,659 | |
| | | | | | | | | |
| Materials - 1.0% | | | | | | | | |
| AdvanSix Inc | | | 798 | | | | 31,721 | |
| Alcoa Corp | | | 447 | | | | 21,876 | |
| Amyris Inc (2) | | | 304 | | | | 4,174 | |
| Avery Dennison Corp | | | 2,102 | | | | 435,555 | |
| Avient Corp | | | 496 | | | | 22,990 | |
| Celanese Corp | | | 668 | | | | 100,628 | |
| Chemours Co/The | | | 1,742 | | | | 50,623 | |
| Cleveland-Cliffs Inc (2) | | | 1,441 | | | | 28,546 | |
| Dow Inc | | | 3,077 | | | | 177,112 | |
| Element Solutions Inc | | | 934 | | | | 20,249 | |
| Ferroglobe PLC Contingent Value Rights (2)(5)(7)(8) | | | (2,326 | ) | | | 0 | |
| Freeport-McMoRan Inc | | | 3,433 | | | | 111,675 | |
| Hawkins Inc | | | 392 | | | | 13,673 | |
| Intrepid Potash Inc (2) | | | 105 | | | | 3,245 | |
| Koppers Holdings Inc (2) | | | 1,081 | | | | 33,792 | |
| Louisiana-Pacific Corp | | | 1,986 | | | | 121,881 | |
| LyondellBasell Industries NV | | | 1,541 | | | | 144,623 | |
| Mosaic Co/The | | | 2,223 | | | | 79,406 | |
| Nucor Corp | | | 1,499 | | | | 147,637 | |
| O-I Glass Inc (2) | | | 709 | | | | 10,117 | |
| Olin Corp | | | 992 | | | | 47,864 | |
| Rayonier Advanced Materials Inc (2) | | | 542 | | | | 4,065 | |
| Reliance Steel & Aluminum Co | | | 2,035 | | | | 289,825 | |
| Steel Dynamics Inc | | | 974 | | | | 56,960 | |
| SunCoke Energy Inc | | | 659 | | | | 4,139 | |
| Trinseo SA | | | 539 | | | | 29,095 | |
| Tronox Holdings PLC | | | 978 | | | | 24,108 | |
| United States Steel Corp | | | 586 | | | | 12,874 | |
| | | | | | | | | |
| | | | | | | | 2,028,453 | |
| | | | | | | | | |
| Real Estate Investment Trust - 2.6% | | | | | | | | |
| Altisource Portfolio Solutions SA (2) | | | 1,218 | | | | 12,034 | |
| American Homes 4 Rent | | | 4,032 | | | | 153,700 | |
| American Tower Corp | | | 1,208 | | | | 320,615 | |
| Ashford Hospitality Trust Inc (2) | | | 411 | | | | 6,050 | |
| Camden Property Trust | | | 459 | | | | 67,689 | |
| CareTrust REIT Inc | | | 2,171 | | | | 44,115 | |
| CatchMark Timber Trust Inc | | | 5,866 | | | | 69,629 | |
| Clipper Realty Inc | | | 2,259 | | | | 18,298 | |
| CorEnergy Infrastructure Trust Inc | | | 2,700 | | | | 11,961 | |
| Corporate Office Properties Trust | | | 3,420 | | | | 92,272 | |
| CubeSmart | | | 7,335 | | | | 355,381 | |
| DiamondRock Hospitality Co (2) | | | 404 | | | | 3,818 | |
| EastGroup Properties Inc | | | 1,076 | | | | 179,294 | |
| Essential Properties Realty Trust Inc | | | 21 | | | | 586 | |
| Extra Space Storage Inc | | | 3,068 | | | | 515,393 | |
| GEO Group Inc/The | | | 1,082 | | | | 8,083 | |
| Gladstone Commercial Corp | | | 1,770 | | | | 37,223 | |
| Healthcare Realty Trust Inc | | | 8,859 | | | | 263,821 | |
| Healthcare Trust of America Inc | | | 6,416 | | | | 190,299 | |
| Host Hotels & Resorts Inc (2) | | | 396 | | | | 6,467 | |
| Lamar Advertising Co | | | 6,504 | | | | 737,879 | |
| Life Storage Inc | | | 499 | | | | 57,255 | |
| Maui Land & Pineapple Co Inc (2) | | | 559 | | | | 5,791 | |
| Mid-America Apartment Communities Inc | | | 285 | | | | 53,224 | |
| National Health Investors Inc | | | 672 | | | | 35,952 | |
| National Storage Affiliates Trust | | | 15,542 | | | | 820,462 | |
| Omega Healthcare Investors Inc | | | 726 | | | | 21,751 | |
| PotlatchDeltic Corp | | | 40 | | | | 2,063 | |
| PS Business Parks Inc | | | 612 | | | | 95,925 | |
| Public Storage | | | 1,887 | | | | 560,628 | |
| Rafael Holdings Inc (2) | | | 900 | | | | 27,657 | |
| SL Green Realty Corp | | | 898 | | | | 63,614 | |
| Stratus Properties Inc (2) | | | 205 | | | | 6,632 | |
| Trinity Place Holdings Inc (2) | | | 3,358 | | | | 6,582 | |
| Universal Health Realty Income Trust | | | 614 | | | | 33,936 | |
| Urstadt Biddle Properties Inc | | | 103 | | | | 1,950 | |
| Ventas Inc | | | 520 | | | | 28,709 | |
| Weyerhaeuser Co | | | 2,553 | | | | 90,810 | |
| | | | | | | | | |
| | | | | | | | 5,007,548 | |
| Utilities - 1.2% | | | | | | | | |
| AES Corp/The | | | 1,502 | | | | 34,291 | |
| Duke Energy Corp | | | 4,268 | | | | 416,514 | |
| Evergy Inc | | | 19,514 | | | | 1,213,770 | |
| FirstEnergy Corp | | | 12,972 | | | | 462,063 | |
| MDU Resources Group Inc | | | 4,942 | | | | 146,629 | |
| UGI Corp | | | 2,014 | | | | 85,837 | |
| | | | | | | | | |
| | | | | | | | 2,359,104 | |
| Total Common Stocks (United States) - Long | | | (Cost | | | $ | 109,809,219 | ) | | | | 151,231,948 | |
| | | | | | | | | | | | | | |
| Preferred Stock (United States) - 0.0% | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| WESCO International, Inc. Series A Variable Preferred (6) | | | | | | | 198 | | | | | 6,213 | |
| | | | | | | | | | | | | | |
| Total Preferred Stock (United States) | | | (Cost | | | $ | 4,949 | ) | | | | 6,213 | |
| | | | | | | | | | | | | | |
| Warrants (United States) - 0.0% | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| Chaparral Energy, Inc. A Warrants, Expiration Date 10/14/2024 (2)(5) | | | | | | | 1 | | | | | 0 | |
| Chaparral Energy, Inc. B Warrants, Expiration Date 10/14/2025 (2)(5) | | | | | | | 1 | | | | | 0 | |
| Extraction Oil & Gas, Inc. A Warrants, Expiration Date 1/20/2025 (2)(5) | | | | | | | 11 | | | | | 0 | |
| Extraction Oil & Gas, Inc. B Warrants, Expiration Date 1/20/2026 (2)(5) | | | | | | | 5 | | | | | 0 | |
| Hertz Global Holdings Inc. Warrants, Expiration Date 6/30/2051 (2) | | | | | | | 86 | | | | | 758 | |
| Nabors Industries, Ltd. Warrants, Expiration Date 6/11/2026 (2) | | | | | | | 29 | | | | | 169 | |
| Oasis Petroleum, Inc. Warrants, Expiration Date 11/19/2024 (2)(5) | | | | | | | 7 | | | | | 0 | |
| Whiting Petroleum Corp. A Warrants, Expiration Date 9/1/2024 (2) | | | | | | | 47 | | | | | 336 | |
| Whiting Petroleum Corp. B Warrants, Expiration Date 9/1/2025 (2) | | | | | | | 23 | | | | | 166 | |
| | | | | | | | | | | | | | |
| Total Warrants (United States) | | | (Cost | | | $ | 2,885 | ) | | | | 1,429 | |
| | | | | | | | | | | | | | |
| Money Market Registered Investment Companies - 20.4% | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| Meeder Institutional Prime Money Market Fund, 0.05% (3) | | | | | | | 39,897,318 | | | | | 39,905,298 | |
| | | | | | | | | | | | | | |
| Total Money Market Registered Investment Companies | | | (Cost | | | | 39,897,863 | ) | | | | 39,905,298 | |
| | | | | | | | | | | | | | |
| Total Investments - Long - 97.6% | | | (Cost | | | $ | 149,714,916 | ) | | | | 191,144,888 | |
| | | | | | | | | | | | | | |
| Other Assets less Liabilities - 2.4% | | | | | | | | | | | | 4,669,754 | |
| | | | | | | | | | | | | | |
| Total Net Assets - 100.0% | | | | | | | | | | | | 195,814,642 | |
| | | | | | | | | | | | | | |
| Trustee Deferred Compensation (4) | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| Meeder Balanced Fund - Retail Class | | | | | | | 603 | | | | | 8,352 | |
| Meeder Dynamic Allocation Fund - Retail Class | | | | | | | 1,400 | | | | | 20,818 | |
| Meeder Muirfield Fund - Retail Class | | | | | | | 1,817 | | | | | 16,807 | |
| Meeder Conservative Allocation Fund - Retail Class | | | | | | | 191 | | | | | 4,670 | |
| | | | | | | | | | | | | | |
| Total Trustee Deferred Compensation | | | (Cost | | | $ | 41,534 | ) | | | | 50,647 | |
| | | Long (Short) Contracts | | | Expiration Date | | Notional Value of Contracts ($) | | | Value and Unrealized Appreciation (Depreciation)($) | |
| Index Futures | | | | | | | | | | | | | | |
| E-mini Standard & Poors MidCap 400 Futures | | | (34 | ) | | 12/17/2021 | | | (8,952,880 | ) | | | 169,540 | |
| Mini MSCI EAFE Index Futures | | | 158 | | | 12/17/2021 | | | 17,909,300 | | | | (769,745 | ) |
| Mini MSCI Emerging Markets Index Futures | | | 50 | | | 12/17/2021 | | | 3,114,000 | | | | (111,299 | ) |
| Russell 2000 Mini Index Futures | | | (19 | ) | | 12/17/2021 | | | (2,090,760 | ) | | | 34,146 | |
| Standard & Poors 500 Mini Futures | | | (88 | ) | | 12/17/2021 | | | (18,910,100 | ) | | | 533,016 | |
| | | | | | | | | | | | | | | |
| Total Futures Contracts | | | 67 | | | | | | (8,930,440 | ) | | | (144,342 | ) |
| (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:
| Valuation Inputs | | Investments in Securities | | | Other Financial Instruments (9) | |
| Level 1 - Quoted Prices | | $ | 191,144,888 | | | $ | (144,342 | ) |
| Level 2 - Other Significant Observable Inputs | | | - | | | | - | |
| Level 3 - Significant Unobservable Inputs | | | - | | | | - | |
| Total | | $ | 191,144,888 | | | $ | (144,342 | ) |
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.
| (2) | Represents non-income producing securities. |
| (3) | Investment in affiliate. The yield shown represents the 7-day yield in effect at September 30, 2021. |
| (4) | Assets of affiliates to the Spectrum Fund held for the benefit of the Fund's Trustees in connection with the Trustee Deferred Compensation Plan. |
| (5) | Fair valued security deemed a Level 3 security. Security is not part of the investment strategy of the Fund. |
| (6) | Preferred stock. Dividend rate unknown. |
| (8) | Expiration date unknown. |
| (9) | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized appreciation/depreciation of the instrument. |
