Schedule of Investments
March 31, 2022 (Unaudited)
Muirfield Fund
| Security Description | | Shares, Contracts or Principal Amount ($) | | | Fair Value ($)(1) | |
| | | | | | | |
| Common Stocks (United States) - 58.8% | | | | | | | | |
| | | | | | | | | |
| Communication Services - 4.9% | | | | | | | | |
| ALPHABET INC - CLASS A (2) | | | 3,543 | | | | 9,854,323 | |
| ALPHABET INC - CLASS C (2) | | | 2,402 | | | | 6,708,762 | |
| AMC ENTERTAINMENT HOLDINGS INC (2) | | | 5,533 | | | | 136,333 | |
| AT&T INC | | | 14,271 | | | | 337,224 | |
| CARS.COM INC (2) | | | 10,665 | | | | 153,896 | |
| COMCAST CORP NEW CL A | | | 37,021 | | | | 1,733,323 | |
| EMERALD HOLDING INC (2) | | | 8 | | | | 27 | |
| ENTRAVISION COMMUNICTNS CORP | | | 1,883 | | | | 12,070 | |
| FOX CORPORATION CLASS A | | | 1,150 | | | | 45,368 | |
| GANNETT CO INC NEW (2) | | | 979 | | | | 4,415 | |
| IDT CORPORATION (2) | | | 466 | | | | 15,886 | |
| INTEGRAL AD SCIENCE HOLDING CORP (2) | | | 9,135 | | | | 126,063 | |
| INTERPUBLIC GROUP OF COS INC | | | 24,782 | | | | 878,522 | |
| LIBERTY TRIPADVISOR HOLDINGS INC. (A) (2) | | | 8,364 | | | | 17,146 | |
| Lions Gate Entertainment Corp. - Class B (2) | | | 2,549 | | | | 38,311 | |
| LUMEN TECHNOLOGIES INC | | | 7,466 | | | | 84,142 | |
| META PLATFORMS INC (2) | | | 59,411 | | | | 13,210,630 | |
| NEWS CORPORATION | | | 1,172 | | | | 25,960 | |
| OMNICOM GRP INC | | | 9,530 | | | | 808,906 | |
| OUTBRAIN INC. (2) | | | 681 | | | | 7,307 | |
| TEGNA INC | | | 3,297 | | | | 73,853 | |
| ZIFF DAVIS, INC. | | | 4,871 | | | | 471,415 | |
| | | | | | | | | |
| | | | | | | | 34,743,882 | |
| | | | | | | | | |
| Consumer Discretionary - 4.0% | | | | | | | | |
| AMAZON.COM INC (2) | | | 2,051 | | | | 6,686,157 | |
| AMERICAN AXLE & MANUFACTURING HOLDINGS (2) | | | 2,692 | | | | 20,890 | |
| AMERICAN EAGLE OUTFITTERS NEW | | | 992 | | | | 16,666 | |
| AUTOZONE INC (NEV) (2) | | | 545 | | | | 1,114,296 | |
| BEST BUY CO INC | | | 2,917 | | | | 265,155 | |
| BIGLARI HOLDINGS INC CL B (2) | | | 106 | | | | 15,329 | |
| BOOT BARN HOLDINGS INC (2) | | | 3,394 | | | | 321,717 | |
| CAPRI HOLDINGS LIMITED (2) | | | 3,457 | | | | 177,655 | |
| DANA INCORPORATED | | | 3,684 | | | | 64,728 | |
| DARDEN RESTAURANTS INC | | | 1,048 | | | | 139,332 | |
| DICKS SPORTING GOODS INC | | | 1,304 | | | | 130,426 | |
| EBAY INC | | | 15,099 | | | | 864,569 | |
| ETHAN ALLEN INTERIORS INC | | | 34 | | | | 886 | |
| FISKER INC (2) | | | 3 | | | | 39 | |
| FORD MOTOR COMPANY | | | 45,576 | | | | 770,690 | |
| GENERAL MOTORS COMPANY (2) | | | 18,120 | | | | 792,569 | |
| HIBBETT, INC. | | | 1,847 | | | | 81,896 | |
| HOVNANIAN ENTERPRISES INC (2) | | | 10 | | | | 591 | |
| INTL GAME TECHNOLOGY PLC | | | 8,034 | | | | 198,279 | |
| KOHLS CORP | | | 2,005 | | | | 121,222 | |
| LEAR CORPORATION | | | 1,366 | | | | 194,778 | |
| LENNAR CORP | | | 7,470 | | | | 606,340 | |
| LIQUIDITY SERVICES INC. (2) | | | 2,061 | | | | 35,284 | |
| LKQ CORPORATION | | | 104 | | | | 4,723 | |
| LOWES COMPANIES INC | | | 22,376 | | | | 4,524,203 | |
| M/I HOMES INC (2) | | | 3,853 | | | | 170,881 | |
| MACY'S INC. | | | 41,269 | | | | 1,005,313 | |
| MURPHY USA INC | | | 1,322 | | | | 264,347 | |
| NVR INC (2) | | | 33 | | | | 147,420 | |
| ONEWATER MARINE INC. | | | 2,429 | | | | 83,679 | |
| O'REILLY AUTOMOTIVE INC (2) | | | 1,092 | | | | 747,976 | |
| QURATE RETAIL INC (A) | | | 7,934 | | | | 37,766 | |
| RED ROCK RESORTS INC. (A) | | | 1,206 | | | | 58,563 | |
| SIGNET JEWELERS LIMITED ADS | | | 990 | | | | 71,973 | |
| SKYLINE CHAMPION CORPORATION (2) | | | 3,226 | | | | 177,043 | |
| SMITH & WESSON BRANDS, INC. | | | 2,872 | | | | 43,453 | |
| TAPESTRY INC | | | 6,823 | | | | 253,474 | |
| TARGET CORPORATION | | | 1,379 | | | | 292,651 | |
| TEMPUR SEALY INTERNATIONAL INC | | | 1,060 | | | | 29,595 | |
| TERMINIX GLOBAL HOLDINGS INC (2) | | | 2 | | | | 91 | |
| TESLA INC (2) | | | 5,568 | | | | 6,000,077 | |
| THE CONTAINER STORE GROUP INC (2) | | | 1,010 | | | | 8,252 | |
| THE ONE GROUP HOSPITALITY, INC (2) | | | 3,356 | | | | 35,272 | |
| THOR INDUSTRIES INC | | | 4,603 | | | | 362,256 | |
| TOWN SPORTS INTL HLDG INC (2) | | | 4,613 | | | | 5 | |
| TRACTOR SUPPLY CO | | | 2,496 | | | | 582,492 | |
| Ulta Beauty, Inc. (2) | | | 1,073 | | | | 427,290 | |
| WILLIAMS SONOMA INC | | | 545 | | | | 79,025 | |
| WINNEBAGO INDUSTRIES INC | | | 5,444 | | | | 294,139 | |
| | | | | | | | | |
| | | | | | | | 28,321,453 | |
| | | | | | | | | |
| Consumer Staples - 2.5% | | | | | | | | |
| ALBERTSONS COMPANIES INC | | | 22,234 | | | | 739,281 | |
| ARCHER DANIELS MIDLAND CO | | | 26,248 | | | | 2,369,144 | |
| BUNGE LTD | | | 26,556 | | | | 2,942,670 | |
| COSTCO WHOLESALE CORP | | | 1,633 | | | | 940,363 | |
| ESTEE LAUDER COMPANIES INC | | | 3,494 | | | | 951,486 | |
| FLOWERS FOODS INC NEW | | | 468 | | | | 12,032 | |
| GENERAL MILLS INC | | | 26,394 | | | | 1,787,402 | |
| HERSHEY COMPANY (THE) | | | 10,658 | | | | 2,308,843 | |
| HOSTESS BRANDS INC (A) (2) | | | 7,896 | | | | 173,238 | |
| INGLES MKTS INC | | | 182 | | | | 16,207 | |
| INGREDION INC | | | 3,505 | | | | 305,461 | |
| KROGER CO | | | 96 | | | | 5,508 | |
| NEWAGE, INC. (2) | | | 14 | | | | 8 | |
| PROCTER & GAMBLE CO | | | 14,201 | | | | 2,169,913 | |
| TYSON FOODS INC | | | 3,674 | | | | 329,301 | |
| UNITED NATURAL FOODS INC (2) | | | 572 | | | | 23,652 | |
| WALGREEN BOOTS ALLIANCE INC | | | 390 | | | | 17,460 | |
| WALMART INC | | | 18,316 | | | | 2,727,619 | |
| | | | | | | | | |
| | | | | | | | 17,819,588 | |
| | | | | | | | | |
| Energy - 2.8% | | | | | | | | |
| ALTO INGREDIENTS, INC. (2) | | | 798 | | | | 5,442 | |
| ANTERO RESOURCES CORP (2) | | | 2,453 | | | | 74,890 | |
| APA Corporation | | | 7,418 | | | | 306,586 | |
| ARDMORE SHIPPING CORP (2) | | | 2,145 | | | | 9,653 | |
| BAKER HUGHES COMPANY | | | 8,901 | | | | 324,085 | |
| Berry Corporation | | | 2,368 | | | | 24,438 | |
| BRISTOW GROUP INC (2) | | | 2,574 | | | | 95,444 | |
| CALIFORNIA RESOURCES CORPORATION | | | 219 | | | | 9,796 | |
| CENTENNIAL RESOURCE DEV INC (2) | | | 580 | | | | 4,681 | |
| CHENIERE ENERGY INC | | | 1,291 | | | | 178,997 | |
| CHEVRON CORP | | | 33,558 | | | | 5,464,249 | |
| CNX RESOURCES CORPORATION (2) | | | 319 | | | | 6,610 | |
| CONOCOPHILLIPS | | | 6,730 | | | | 673,000 | |
| COTERRA ENERGY INC | | | 244 | | | | 6,581 | |
| CVR ENERGY INC | | | 438 | | | | 11,187 | |
| DENBURY INC (2) | | | 683 | | | | 53,663 | |
| DEVON ENERGY CORP | | | 3,210 | | | | 189,807 | |
| DHT HOLDINGS INC | | | 2,371 | | | | 13,752 | |
| DIAMONDBACK ENERGY, INC | | | 1,710 | | | | 234,407 | |
| EOG RESOURCES INC | | | 5,592 | | | | 666,734 | |
| EQT CORPORATION | | | 5,947 | | | | 204,636 | |
| EXPRO GROUP HOLDINGS N.V. (2) | | | 1,065 | | | | 18,936 | |
| EXXON MOBIL CORP | | | 43,903 | | | | 3,625,949 | |
| HESS CORPORATION | | | 1,904 | | | | 203,804 | |
| HollyFrontier Corp (2) | | | 281 | | | | 10,226 | |
| LAREDO PETROLEUM INC (2) | | | 273 | | | | 21,605 | |
| MARATHON PETROLEUM CORP | | | 34,919 | | | | 2,985,575 | |
| NABORS INDUSTRIES LIMITED NEW (2) | | | 542 | | | | 82,774 | |
| NEXTDECADE CORP (2) | | | 2,477 | | | | 16,398 | |
| NINE ENERGY SERVICE INC (2) | | | 9,486 | | | | 35,478 | |
| OCCIDENTAL PETE CORP | | | 388 | | | | 22,015 | |
| OCEANEERING INTL INC (2) | | | 1,137 | | | | 17,237 | |
| ONEOK INC NEW | | | 15,960 | | | | 1,127,255 | |
| OVINTIV INC | | | 4,837 | | | | 261,537 | |
| PBF ENERGY INC (2) | | | 2,199 | | | | 53,590 | |
| PDC ENERGY INC | | | 856 | | | | 62,214 | |
| PHILLIPS 66 | | | 5,568 | | | | 481,020 | |
| PIONEER NATURAL RESOURCES | | | 1,455 | | | | 363,794 | |
| PROPETRO HOLDING CORP (2) | | | 369 | | | | 5,140 | |
| RANGE RESOURCES CORP (2) | | | 1,729 | | | | 52,527 | |
| REX AMERICAN RES CORP (2) | | | 51 | | | | 5,080 | |
| SCHLUMBERGER LTD | | | 23,586 | | | | 974,338 | |
| SM ENERGY CO | | | 1,208 | | | | 47,052 | |
| TALOS ENERGY INC (2) | | | 2,338 | | | | 36,917 | |
| TARGA RESOURCES CORP | | | 2,412 | | | | 182,034 | |
| TEEKAY CORPORATION (2) | | | 3,592 | | | | 11,387 | |
| VALERO ENERGY CORP | | | 9,235 | | | | 937,722 | |
| WORLD FUEL SERVICES CORP | | | 1,880 | | | | 50,835 | |
| | | | | | | | | |
| | | | | | | | 20,251,077 | |
| | | | | | | | | |
| Financials - 6.1% | | | | | | | | |
| AFLAC INCORPORATED | | | 15,603 | | | | 1,004,677 | |
| AMERICAN FINL GROUP INC | | | 2,518 | | | | 366,671 | |
| AMERICAN INTL GROUP NEW | | | 63,051 | | | | 3,957,711 | |
| ATLANTICUS HLDGS CORP (2) | | | 129 | | | | 6,681 | |
| BANK OF NEW YORK MELLON CORP | | | 24,835 | | | | 1,232,561 | |
| Berkshire Hathaway I Class B (2) | | | 50,593 | | | | 17,854,776 | |
| CAPITAL BANCORP, INC | | | 246 | | | | 5,624 | |
| CAPITAL ONE FINL CORP | | | 3,523 | | | | 462,535 | |
| Carlyle Group Inc. (The) | | | 23 | | | | 1,125 | |
| CATHAY GENERAL BANCORP | | | 1,716 | | | | 76,791 | |
| CHARLES SCHWAB CORP | | | 21,560 | | | | 1,817,724 | |
| CHIMERA INVESTMENT CORP NEW | | | 49,306 | | | | 593,644 | |
| CHUBB LIMITED | | | 1,830 | | | | 391,437 | |
| EAST WEST BANCORP INC | | | 1,594 | | | | 125,958 | |
| FIDELITY NATIONAL FINANCIAL INC | | | 45,004 | | | | 2,197,995 | |
| FIRST AMERICAN FINANCIAL CORP | | | 23,690 | | | | 1,535,586 | |
| HARTFORD FINL SVCS GRP INC | | | 5,375 | | | | 385,979 | |
| HOULIHAN LOKEY INC | | | 3,468 | | | | 304,490 | |
| JANUS HENDERSON GROUP PLC | | | 4,068 | | | | 142,461 | |
| KEYCORP | | | 17,070 | | | | 382,027 | |
| MARSH & MCLENNAN COS INC | | | 13,975 | | | | 2,381,620 | |
| MEDLEY MANAGEMENT INC (2) | | | 235 | | | | 2 | |
| META FINANCIAL GRP INC | | | 3,673 | | | | 201,721 | |
| METLIFE INC | | | 15,415 | | | | 1,083,366 | |
| MOELIS & CO | | | 4,017 | | | | 188,598 | |
| MR COOPER GROUP INC (2) | | | 1,667 | | | | 76,132 | |
| NORTHRIM BANCORP INC | | | 3,140 | | | | 136,810 | |
| OLD REPUBLIC INTERNATIONAL CORPORATION | | | 643 | | | | 16,634 | |
| OPPENHEIMER HOLDINGS INC | | | 786 | | | | 34,254 | |
| PIPER SANDLER COMPANIES | | | 1,007 | | | | 132,169 | |
| PRUDENTIAL FINANCIAL INC | | | 11,731 | | | | 1,386,252 | |
| PZENA INVESTMENT MANAGEMENT | | | 7,983 | | | | 64,024 | |
| RAYMOND JAMES FINANCIAL INC | | | 7,472 | | | | 821,248 | |
| REGIONS FINANCIAL CORP NEW | | | 33,735 | | | | 750,941 | |
| ROCKET COMPANIES INC | | | 3 | | | | 33 | |
| SIEBERT FINANCIAL CORP (2) | | | 2,186 | | | | 4,722 | |
| SLM CORP | | | 14,678 | | | | 269,488 | |
| STATE STREET CORP | | | 6,373 | | | | 555,216 | |
| STEWART INFORMATION SVCS CRP | | | 13,930 | | | | 844,297 | |
| SYNCHRONY FINANCIAL | | | 5,329 | | | | 185,502 | |
| TIPTREE INC | | | 385 | | | | 4,947 | |
| WALKER & DUNLOP INC | | | 3,211 | | | | 415,568 | |
| WILLIS TOWERS WATSON PLC | | | 2,100 | | | | 496,062 | |
| ZIONS BANCORPORATION N.A | | | 8,860 | | | | 580,862 | |
| | | | | | | | | |
| | | | | | | | 43,476,921 | |
| Healthcare - 10.9% | | | | | | | | |
| ABBOTT LABS | | | 40,604 | | | | 4,805,889 | |
| ABBVIE INC | | | 49,219 | | | | 7,978,892 | |
| AGILENT TECHNOLOGIES INC | | | 1,736 | | | | 229,725 | |
| AMERISOURCEBERGEN CORP | | | 7,551 | | | | 1,168,215 | |
| AMGEN INC | | | 21,018 | | | | 5,082,573 | |
| AMNEAL PHARMACEUTICALS INC (2) | | | 7,487 | | | | 31,221 | |
| ANTHEM INC | | | 296 | | | | 145,401 | |
| Assertio Holdings, Inc. (2) | | | 3,562 | | | | 10,223 | |
| AVALO THERAPEUTICS, INC. (2) | | | 9,142 | | | | 6,625 | |
| BRISTOL-MYERS SQUIBB CO | | | 51,539 | | | | 3,763,893 | |
| BROOKLYN IMMUNO THERAPEUTICS INC (2) | | | 5 | | | | 10 | |
| CARDINAL HEALTH INC | | | 37,393 | | | | 2,120,183 | |
| CATALENT INC (2) | | | 3,640 | | | | 403,676 | |
| CELLDEX THERAPEUTICS INC (2) | | | 32 | | | | 1,090 | |
| CENTENE CORPORATION (2) | | | 5,467 | | | | 460,267 | |
| CENTOGENE N.V. (2) | | | 2,360 | | | | 9,937 | |
| CERNER CORP | | | 44,749 | | | | 4,186,716 | |
| CIGNA CORP | | | 3,952 | | | | 946,939 | |
| CYTEIR THERAPEUTICS, INC. (2) | | | 3 | | | | 11 | |
| DYNE THERAPEUTICS, INC (2) | | | 4 | | | | 39 | |
| EDWARDS LIFESCIENCES CORP (2) | | | 2,087 | | | | 245,682 | |
| Elanco Animal Health CVR - Rights (2)(6) | | | 3,328 | | | | 0 | |
| ELI LILLY & CO | | | 12,758 | | | | 3,653,508 | |
| ELOXX PHARMACEUTICALS, INC (2) | | | 11,839 | | | | 6,629 | |
| ENDO INTERNATIONAL PLC (2) | | | 4,548 | | | | 10,506 | |
| FULGENT GENETICS, INC. (2) | | | 1,784 | | | | 111,339 | |
| GALECTIN THERAPEUTICS INC (2) | | | 3,817 | | | | 6,145 | |
| GENPREX, INC (2) | | | 4,483 | | | | 10,132 | |
| GILEAD SCIENCE INC | | | 42,865 | | | | 2,548,324 | |
| HCA HEALTHCARE INC | | | 1,091 | | | | 273,426 | |
| JOHNSON AND JOHNSON | | | 73,094 | | | | 12,954,450 | |
| JOINT CORP (THE) (2) | | | 3,918 | | | | 138,658 | |
| KRONOS BIO, INC. (2) | | | 3 | | | | 22 | |
| LA JOLLA PHARMACEUTICAL CO (2) | | | 1,666 | | | | 7,114 | |
| LAB CORP OF AMERICA NEW | | | 324 | | | | 85,426 | |
| MCKESSON CORP | | | 9,413 | | | | 2,881,602 | |
| MERCK & CO INC | | | 49,581 | | | | 4,068,121 | |
| MODERNA, INC. (2) | | | 7,134 | | | | 1,228,903 | |
| MOLINA HEALTHCARE INC (2) | | | 92 | | | | 30,690 | |
| NATIONAL HEALTHCARE CP | | | 192 | | | | 13,484 | |
| OAK STREET HEALTH INC (2) | | | 1 | | | | 27 | |
| PALATIN TECHNOLOGIES INC NEW (2) | | | 15,677 | | | | 7,213 | |
| PFIZER INC | | | 65,982 | | | | 3,415,888 | |
| PREMIER INC. (A) | | | 2,907 | | | | 103,460 | |
| PUMA BIOTECHNOLOGY INC (2) | | | 2,078 | | | | 5,985 | |
| REGENERON PHARMACEUTICALS INC (2) | | | 2,877 | | | | 2,009,354 | |
| SESEN BIO INC (2) | | | 7,891 | | | | 4,756 | |
| SOLID BIOSCIENCES INC. (2) | | | 6,036 | | | | 7,243 | |
| STRYKER CORP | | | 849 | | | | 226,980 | |
| TENET HEALTHCARE CORP (2) | | | 1,262 | | | | 108,482 | |
| THERMO FISHER SCIENTIFIC INC | | | 12,136 | | | | 7,168,128 | |
| UNITEDHEALTH GROUP INC (DEL) | | | 6,287 | | | | 3,206,181 | |
| VIATRIS INC. | | | 29,587 | | | | 321,907 | |
| WEST PHARMACEUTICAL SVCS INC | | | 3,853 | | | | 1,582,466 | |
| | | | | | | | | |
| | | | | | | | 77,793,756 | |
| | | | | | | | | |
| Industrials - 6.2% | | | | | | | | |
| ACUITY BRANDS INC | | | 1,420 | | | | 268,806 | |
| ArcBest Corporation | | | 976 | | | | 78,568 | |
| ATKORE INC (2) | | | 1,668 | | | | 164,198 | |
| ATLAS AIR WRLDWIDE HLDGS NEW (2) | | | 1,897 | | | | 163,844 | |
| AZZ INC | | | 3,303 | | | | 159,337 | |
| BABCOCK & WILCOX ENTERPRISES INC (2) | | | 14 | | | | 114 | |
| BOISE CASCADE COMPANY | | | 12,845 | | | | 892,342 | |
| BUILDERS FIRSTSOURCE INC (2) | | | 11,318 | | | | 730,464 | |
| CACI INTERNATIONAL INC (2) | | | 432 | | | | 130,144 | |
| COPART INC (2) | | | 850 | | | | 106,650 | |
| Covenant Logistics Group, Inc | | | 1,146 | | | | 24,673 | |
| EATON CORP PLC (IRELAND) | | | 5,572 | | | | 845,607 | |
| EMCOR GROUP INC | | | 2,837 | | | | 319,531 | |
| EMERSON ELECTRIC CO | | | 1,199 | | | | 117,562 | |
| ENCORE WIRE CORP | | | 383 | | | | 43,689 | |
| EQUIFAX INC | | | 21 | | | | 4,979 | |
| GENCO SHIPPING & TRADING LTD | | | 2,273 | | | | 53,688 | |
| GENERAL DYNAMICS CORP | | | 18,049 | | | | 4,353,058 | |
| GRAFTECH INTERNATIONAL LTD | | | 7,173 | | | | 69,004 | |
| HERC HOLDINGS INC | | | 836 | | | | 139,687 | |
| HILLENBRAND, INC | | | 5,410 | | | | 238,960 | |
| HUB GROUP INC (2) | | | 2,572 | | | | 198,584 | |
| IDEANOMICS INC (2) | | | 5,034 | | | | 5,638 | |
| J.B. HUNT TRANSPORT SERVICES INC | | | 2,877 | | | | 577,673 | |
| KARAT PACKAGING INC. (2) | | | 307 | | | | 6,094 | |
| LOCKHEED MARTIN CORP | | | 24,945 | | | | 11,010,723 | |
| MANITOWOC COMPANY INC (2) | | | 4,969 | | | | 74,933 | |
| MATSON INC | | | 662 | | | | 79,850 | |
| MILLER INDUSTRIES INC NEW | | | 4,237 | | | | 119,314 | |
| MONTROSE ENVIRONMENTAL GROUP INC (2) | | | 1 | | | | 53 | |
| MUELLER INDS INC | | | 6,082 | | | | 329,462 | |
| MYR GROUP, INC. (2) | | | 755 | | | | 71,000 | |
| NORFOLK SOUTHERN CORP | | | 1,536 | | | | 438,098 | |
| NORTHROP GRUMMAN CORP | | | 17,993 | | | | 8,046,829 | |
| NVENT ELECTRIC PLC | | | 4,976 | | | | 173,065 | |
| PAM TRANS SVC INC (2) | | | 142 | | | | 4,935 | |
| QUAD / GRAPHICS INC (2) | | | 7,050 | | | | 48,927 | |
| RAYTHEON TECHNOLOGIES CORPORATION | | | 34,089 | | | | 3,377,197 | |
| REGAL REXNORD CORP | | | 2,681 | | | | 398,879 | |
| ROBERT HALF INTL INC | | | 1,851 | | | | 211,347 | |
| RUSH ENTERPRISES INC | | | 883 | | | | 44,954 | |
| RYDER SYS INC | | | 5,525 | | | | 438,298 | |
| SAIA INC (2) | | | 205 | | | | 49,983 | |
| TEREX CORP NEW | | | 5,616 | | | | 200,267 | |
| TEXTRON INC | | | 19,845 | | | | 1,476,071 | |
| The Shyft Group, Inc. | | | 1,767 | | | | 63,806 | |
| TITAN INTERNATIONAL INC (DEL) (2) | | | 4,197 | | | | 61,822 | |
| UFP Industries, Inc. | | | 1,248 | | | | 96,296 | |
| UNITED PARCEL SERVICE INC | | | 19,449 | | | | 4,171,033 | |
| VALMONT INDS INC | | | 1,063 | | | | 253,632 | |
| VECTRUS INC (2) | | | 1,245 | | | | 44,646 | |
| WASTE MANAGEMENT INC | | | 16,894 | | | | 2,677,699 | |
| WATTS WATER TECHNOLOGIES INC | | | 1,482 | | | | 206,872 | |
| WESCO INTERNATIONAL INC (2) | | | 3,153 | | | | 410,331 | |
| WillScot Mobile Mini Holdings Corp. (2) | | | 3 | | | | 117 | |
| | | | | | | | | |
| | | | | | | | 44,273,333 | |
| | | | | | | | | |
| Information Technology - 18.7% | | | | | | | | |
| A10 NETWORKS INC | | | 8,323 | | | | 116,106 | |
| ACI WORLDWIDE INC. (2) | | | 6,486 | | | | 204,244 | |
| ADVANCED MICRO DEVICES INC (2) | | | 26,363 | | | | 2,882,530 | |
| ALPHA AND OMEGA SEMICONDUCTOR LIMITED (2) | | | 15,741 | | | | 860,246 | |
| AMERICAN SOFTWARE INC | | | 1,658 | | | | 34,553 | |
| AMKOR TECHNOLOGY INC | | | 14,977 | | | | 325,300 | |
| APPLE INC | | | 154,285 | | | | 26,939,704 | |
| APPLIED MATERIALS INC | | | 26,079 | | | | 3,437,212 | |
| ARROW ELECTRONICS INC (2) | | | 9,085 | | | | 1,077,754 | |
| AVNET INC | | | 8,225 | | | | 333,853 | |
| AXCELIS TECHNOLOGIES INC (2) | | | 8,128 | | | | 613,908 | |
| BROADCOM INC | | | 2,995 | | | | 1,885,892 | |
| CADENCE DESIGNS SYS (2) | | | 18,184 | | | | 2,990,541 | |
| CDK GLOBAL INC | | | 15,037 | | | | 732,001 | |
| CDW CORPORATION | | | 5,580 | | | | 998,206 | |
| CHANNELADVISOR CORP (2) | | | 3,375 | | | | 55,924 | |
| CISCO SYSTEMS INC | | | 34,238 | | | | 1,909,111 | |
| COGNIZANT TECHNOLOGY SOLUTIONS CORP | | | 26,608 | | | | 2,385,939 | |
| COMMVAULT SYSTEMS INC (2) | | | 1,254 | | | | 83,203 | |
| CONCENTRIX CORPORATION | | | 890 | | | | 148,238 | |
| CORNING INC | | | 5,859 | | | | 216,256 | |
| DIODES INC (2) | | | 3,021 | | | | 262,797 | |
| DOLBY LABORATORIES INC | | | 2,145 | | | | 167,782 | |
| DROPBOX INC (2) | | | 13,037 | | | | 303,110 | |
| DUCK CREEK TECHNOLOGIES INC (2) | | | 1 | | | | 22 | |
| DZS INC (2) | | | 3 | | | | 42 | |
| EXTREME NETWORKS INC (2) | | | 1,770 | | | | 21,612 | |
| FABRINET (2) | | | 48 | | | | 5,046 | |
| FORTINET INC (2) | | | 592 | | | | 202,310 | |
| Grid Dynamics Holdings, Inc (2) | | | 2,422 | | | | 34,102 | |
| HEWLETT PACKARD ENTERPRISE CO | | | 26,424 | | | | 441,545 | |
| HP INC | | | 52,837 | | | | 1,917,983 | |
| INTEL CORP | | | 48,351 | | | | 2,396,276 | |
| INTUIT INC | | | 9,214 | | | | 4,430,460 | |
| JABIL INC | | | 38,788 | | | | 2,394,383 | |
| KLA Corporation | | | 3,357 | | | | 1,228,863 | |
| LITTELFUSE INC | | | 683 | | | | 170,347 | |
| MANHATTAN ASSOCIATES INC (2) | | | 10,906 | | | | 1,512,771 | |
| MASTERCARD INCORPORATED | | | 194 | | | | 69,332 | |
| MAXLINEAR INC (2) | | | 830 | | | | 48,431 | |
| MICROCHIP TECH INC | | | 2,968 | | | | 223,016 | |
| MICRON TECH INC | | | 58,609 | | | | 4,565,055 | |
| MICROSOFT CORP | | | 134,263 | | | | 41,394,619 | |
| NORTONLIFELOCK INC | | | 14,298 | | | | 379,183 | |
| NVIDIA CORP | | | 21,608 | | | | 5,895,959 | |
| NXP SEMICONDUCTOR N.V | | | 2,649 | | | | 490,277 | |
| ON SEMICONDUCTOR CORP (2) | | | 6,610 | | | | 413,852 | |
| ORACLE CORPORATION | | | 44,645 | | | | 3,693,481 | |
| PHOTRONICS INC (2) | | | 2,278 | | | | 38,658 | |
| PLANTRONICS INC (2) | | | 872 | | | | 34,357 | |
| QUALCOMM INC | | | 33,724 | | | | 5,153,702 | |
| RIMINI STREET CORP (2) | | | 2,393 | | | | 13,879 | |
| SANMINA CORPORATION (2) | | | 3,127 | | | | 126,393 | |
| SEMTECH CORP (2) | | | 298 | | | | 20,663 | |
| SMART GLOBAL HOLDINGS, INC (2) | | | 2,588 | | | | 66,848 | |
| SPS COMMERCE INC (2) | | | 5,506 | | | | 722,387 | |
| SS & C TECHNOLOGIES HLDGS INC | | | 48,863 | | | | 3,665,702 | |
| STARTEK INC (2) | | | 2,934 | | | | 12,998 | |
| SYNOPSYS INC (2) | | | 7,316 | | | | 2,438,203 | |
| TENABLE HOLDINGS, INC (2) | | | 3,720 | | | | 214,979 | |
| TERADYNE INC | | | 2,819 | | | | 333,290 | |
| ULTRA CLEAN HOLDINGS, INC. (2) | | | 2,026 | | | | 85,882 | |
| VISHAY INTERTECHNOLOGY INC | | | 2,218 | | | | 43,473 | |
| WESTERN DIGITAL CORP (2) | | | 2,906 | | | | 144,283 | |
| Xperi Holding Corporation | | | 13,755 | | | | 238,237 | |
| ZEBRA TECH CORP (2) | | | 988 | | | | 408,736 | |
| | | | | | | | | |
| | | | | | | | 134,656,047 | |
| | | | | | | | | |
| Materials - 1.1% | | | | | | | | |
| ALCOA CORPORATION | | | 147 | | | | 13,234 | |
| AVIENT CORPORATION | | | 1,639 | | | | 78,672 | |
| BERRY GLOBAL GROUP INC (2) | | | 6,709 | | | | 388,854 | |
| CELANESE CORPORATION | | | 931 | | | | 133,012 | |
| CF INDUSTRIES HOLDINGS | | | 928 | | | | 95,640 | |
| CHEMOURS COMPANY | | | 2,074 | | | | 65,290 | |
| CLEARWATER PAPER CORP (2) | | | 787 | | | | 22,060 | |
| CLEVELAND-CLIFFS INC (2) | | | 4,382 | | | | 141,144 | |
| DOW INC | | | 8,527 | | | | 543,340 | |
| EAGLE MATERIALS INC | | | 59 | | | | 7,573 | |
| EASTMAN CHEMICAL COMPANY | | | 41 | | | | 4,594 | |
| FREEPORT-MCMORAN INC | | | 34,921 | | | | 1,736,971 | |
| HAWKINS INCORPORATED | | | 860 | | | | 39,474 | |
| HUNTSMAN CORP | | | 6,102 | | | | 228,886 | |
| INTERNATIONAL PAPER CO | | | 11,334 | | | | 523,064 | |
| INTREPID POTASH INC (2) | | | 173 | | | | 14,210 | |
| LOUISIANA PAC CORP | | | 8,249 | | | | 512,428 | |
| LYONDELLBASELL INDUSTRIES NV (A) | | | 14,352 | | | | 1,475,673 | |
| NUCOR CORP | | | | | | | 6,998 | | | | 1,040,253 | |
| OLIN CORP | | | | | | | 8,123 | | | | 424,670 | |
| RYERSON HOLDING CORP | | | | | | | 760 | | | | 26,615 | |
| SCHNITZER STEEL INDUSTRIES | | | | | | | 830 | | | | 43,110 | |
| STEEL DYNAMICS INC | | | | | | | 1,022 | | | | 85,265 | |
| TRINSEO PLC | | | | | | | 522 | | | | 25,014 | |
| TRONOX HOLDINGS PLC | | | | | | | 2,807 | | | | 55,551 | |
| UNITED STATES STEEL CORP | | | | | | | 4,660 | | | | 175,868 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 7,900,465 | |
| | | | | | | | | | | | | |
| Real Estate Investment Trust - 0.8% | | | | | | | | | | | | |
| ALTISOURCE PTF SOLU SA (2) | | | | | | | 3,736 | | | | 44,197 | |
| BRAEMAR HOTELS & RESORTS INC | | | | | | | 787 | | | | 4,864 | |
| BRIXMOR PROPERTY GROUP INC | | | | | | | 901 | | | | 23,255 | |
| BROADSTONE NET LEASE INC | | | | | | | 5 | | | | 109 | |
| CARE TRUST REIT INC. | | | | | | | 35,123 | | | | 677,874 | |
| CATCHMARK TIMBER TRUST INC | | | | | | | 1,901 | | | | 15,588 | |
| CITY OFFICE REIT INC | | | | | | | 2,206 | | | | 38,958 | |
| CORENERGY INFRASTRUCTURE TRUST INC REIT | | | | | | | 13,458 | | | | 41,316 | |
| CORPORATE OFFICE PPTS TR | | | | | | | 11,293 | | | | 322,302 | |
| DIAMOND ROCK HOSPITALITY CO (2) | | | | | | | 1,461 | | | | 14,756 | |
| HIGHWOODS PROPERTIES INC | | | | | | | 1,733 | | | | 79,267 | |
| KILROY REALTY CORP | | | | | | | 280 | | | | 21,398 | |
| LAMAR ADVERTISING COMPANY (A) | | | | | | | 18,433 | | | | 2,141,546 | |
| OMEGA HEALTHCARE INVS INC | | | | | | | 14,134 | | | | 440,415 | |
| POTLATCH DELTIC CORP | | | | | | | 4,569 | | | | 240,923 | |
| SITE CENTERS CORP | | | | | | | 605 | | | | 10,110 | |
| SL GREEN REALTY CORP | | | | | | | 7,666 | | | | 622,326 | |
| Spirit MTA REIT Liquidating Trust (2)(6) | | | | | | | 9,151 | | | | 0 | |
| STRATUS PROPERTIES INC (2) | | | | | | | 676 | | | | 29,122 | |
| TANGER FACTORY OUTLET CENTER | | | | | | | 282 | | | | 4,848 | |
| UNIVERSAL HLTH RLTY INCM | | | | | | | 2,179 | | | | 127,188 | |
| VORNADO REALTY TRUST | | | | | | | 8,962 | | | | 406,158 | |
| WEYERHAEUSER CO | | | | | | | 13,953 | | | | 528,819 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 5,835,339 | |
| | | | | | | | | | | | | |
| Utilities - 0.8% | | | | | | | | | | | | |
| CONSOLIDATED EDISON INC | | | | | | | 10,051 | | | | 951,629 | |
| CONSTELLATION ENERGY CORPORATION | | | | | | | 22,699 | | | | 1,276,819 | |
| FIRSTENERGY CORP | | | | | | | 49,294 | | | | 2,260,623 | |
| NATIONAL FUEL GAS CO NJ | | | | | | | 5,582 | | | | 383,483 | |
| UGI CORP NEW | | | | | | | 21,411 | | | | 775,506 | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | 5,648,060 | |
| | | | | | | | | | | | | |
| Total Common Stocks (United States) | | | (Cost | | | $ | 313,774,706 | ) | | | 420,719,921 | |
| | | | | | | | | | | | | |
| Preferred Stock (United States) - 0.0% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| WESCO International, Inc. Series A Variable Preferred (7) | | | | | | | 2,612 | | | | 76,871 | |
| | | | | | | | | | | | | |
| Total Preferred Stock (United States) | | | (Cost | | | $ | 65,288 | ) | | | 76,871 | |
| | | | | | | | | | | | | |
| Warrants (United States) - 0.0% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Chaparral Energy, Inc. A Warrants, Expiration Date 10/14/2024 (2)(6) | | | | | | | 7 | | | | 0 | |
| Chaparral Energy, Inc. B Warrants, Expiration Date 10/14/2025 (2)(6) | | | | | | | 7 | | | | 0 | |
| Civitas Solutions, Inc. A Warrants, Expiration Date 1/20/2025 (2)(6) | | | | | | | 58 | | | | 0 | |
| Civitas Solutions, Inc. B Warrants, Expiration Date 1/20/2026 (2)(6) | | | | | | | 28 | | | | 0 | |
| Hertz Global Holdings, Inc. Warrants, Expiration Date 6/30/2051 (2) | | | | | | | 349 | | | | 5,357 | |
| Nabors Industries, Ltd. Warrants, Expiration Date 6/11/2026 (2) | | | | | | | 122 | | | | 2,806 | |
| Oasis Petroleum, Inc. Warrants, Expiration Date 11/19/2024 (2)(6) | | | | | | | 23 | | | | 0 | |
| Whiting Petroleum Corp. A Warrants, Expiration Date 9/1/2024 (2) | | | | | | | 128 | | | | 2,624 | |
| Whiting Petroleum Corp. B Warrants, Expiration Date 9/1/2025 (2) | | | | | | | 63 | | | | 939 | |
| | | | | | | | | | | | | |
| Total Warrants (United States) | | | (Cost | | | $ | 8,512 | ) | | | 11,726 | |
| Money Market Registered Investment Companies - 40.1% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Meeder Institutional Prime Money Market Fund, 0.22% (3) | | | | | | | 287,279,414 | | | | 287,164,502 | |
| | | | | | | | | | | | | |
| Total Money Market Registered Investment Companies | | | (Cost | | | $ | 287,245,320 | ) | | | 287,164,502 | |
| | | | | | | | | | | | | |
| Bank Obligations - 0.1% | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| First Merchants Bank Deposit Account, 0.55%, 4/1/2022 (4) | | | | | | | 249,278 | | | | 249,278 | |
| Metro City Bank Deposit Account, 0.05%, 4/1/2022 (4) | | | | | | | 248,475 | | | | 248,475 | |
| | | | | | | | | | | | | |
| Total Bank Obligations | | | (Cost | | | $ | 497,753 | ) | | | 497,753 | |
| | | | | | | | | | | | | |
| Total Investments - 99.0% | | | (Cost | | | $ | 601,591,579 | ) | | | 708,470,773 | |
| | | | | | | | | | | | | |
| Other Assets less Liabilities - 1.0% | | | | | | | | | | | 7,180,460 | |
| | | | | | | | | | | | | |
| Total Net Assets - 100.0% | | | | | | | | | | | 715,651,233 | |
| | | | | | | | | | | | | |
| Trustee Deferred Compensation (5) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Meeder Balanced Fund - Retail Class | | | | | | | 5,123 | | | | 65,677 | |
| Meeder Dynamic Allocation Fund - Retail Class | | | | | | | 13,667 | | | | 180,951 | |
| Meeder Muirfield Fund - Retail Class | | | | | | | 9,081 | | | | 82,365 | |
| Meeder Conservative Allocation Fund - Retail Class | | | | | | | 1,516 | | | | 34,459 | |
| | | | | | | | | | | | | |
| Total Trustee Deferred Compensation | | | (Cost | | | $ | 314,982 | ) | | | 363,452 | |
| | | | | | | | | | | | | |
| Futures Contracts | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | Long (Short) Contracts | | | Expiration Date | | Notional Value of Contracts ($) | | | Value and Unrealized Appreciation (Depreciation)($) | |
| Index Futures | | | | | | | | | | | | | | |
| E-mini Standard & Poors MidCap 400 Futures | | | (29 | ) | | 6/17/2022 | | | (7,798,680 | ) | | | (104,106 | ) |
| Mini MSCI EAFE Index Futures | | | 630 | | | 6/17/2022 | | | 67,548,600 | | | | 2,207,941 | |
| Mini MSCI Emerging Markets Index Futures | | | 199 | | | 6/17/2022 | | | 11,198,725 | | | | 556,031 | |
| Russell 2000 Mini Index Futures | | | 311 | | | 6/17/2022 | | | 32,132,520 | | | | 59,095 | |
| Standard & Poors 500 Mini Futures | | | (316 | ) | | 6/17/2022 | | | (71,585,850 | ) | | | (4,276,589 | ) |
| | | | | | | | | | | | | | | |
| Total Futures Contracts | | | 795 | | | | | | 31,495,315 | | | | (1,557,628 | ) |
| | | | | | | | | | | | | | | |
| (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 March 31, 2022 in valuing the Fund's assets carried at fair value:
| Valuation Inputs | | Investments in Securities | | | Other Financial Instruments (8) | |
| Level 1 - Quoted Prices | | $ | 707,973,020 | | | $ | (1,557,628 | ) |
| Level 2 - Other Significant Observable Inputs | | | 497,753 | | | | - | |
| Level 3 - Significant Unobservable Inputs | | | - | | | | - | |
| Total | | $ | 708,470,773 | | | $ | (1,557,628 | ) |
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 March 31, 2022. |
| (4) | Variable rate security. Securities payable at par including accrued interest (usually within seven days notice) and unconditionally secured as to principal and interest by letters of credit or other credit support agreements from major banks. The interest rates are adjustable and are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The rate shown represents the rate in effect at March 31, 2022. The maturity date shown, if applicable, reflects the earlier of the next demand date or stated maturity date. |
| (5) | Assets of affiliates to the Muirfield Fund held for the benefit of the Fund's Trustees in connection with the Trustee Deferred Compensation Plan. |
| (6) | Fair valued security deemed a Level 3 security. Security is not part of the investment strategy of the Fund. |
| (8) | 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. |
