| Schedule of Investments |
| September 30, 2022 (unaudited) |
| |
| Muirfield Fund |
| Security Description | | Shares, Contracts or Principal Amount ($) | | | Fair Value ($)(1) | |
| | | | | | | | | |
| Common Stocks (United States) - 56.5% | | | | | | | | | | |
| | | | | | | | | | | |
| Communication Services - 2.5% | | | | | | | | | | |
| Alphabet Inc (2) | | | | | 97,988 | | | | 9,421,546 | |
| Comcast Corp | | | | | 40,249 | | | | 1,180,503 | |
| Entravision Communications Corp | | | | | 1,883 | | | | 7,476 | |
| IDT Corp (2) | | | | | 16,073 | | | | 399,093 | |
| Liberty TripAdvisor Holdings Inc (2) | | | | | 8,364 | | | | 9,117 | |
| Lions Gate Entertainment Corp (2) | | | | | 688 | | | | 4,782 | |
| Meta Platforms Inc (2) | | | | | 20,200 | | | | 2,740,736 | |
| Netflix Inc (2) | | | | | 971 | | | | 228,612 | |
| Telephone and Data Systems Inc | | | | | 3,121 | | | | 43,382 | |
| T-Mobile US Inc (2) | | | | | 7,605 | | | | 1,020,363 | |
| Verizon Communications Inc | | | | | 802 | | | | 30,452 | |
| | | | | | | | | | | |
| | | | | | | | | | 15,086,062 | |
| | | | | | | | | | | |
| Consumer Discretionary - 6.3% | | | | | | | | | | |
| Amazon.com Inc (2) | | | | | 32,642 | | | | 3,688,546 | |
| AutoZone Inc (2) | | | | | 559 | | | | 1,197,339 | |
| Best Buy Co Inc | | | | | 2,665 | | | | 168,801 | |
| Booking Holdings Inc (2) | | | | | 2,667 | | | | 4,382,441 | |
| BorgWarner Inc | | | | | 21,694 | | | | 681,192 | |
| Buckle Inc/The | | | | | 829 | | | | 26,246 | |
| Burlington Stores Inc (2) | | | | | 2,613 | | | | 292,369 | |
| Cavco Industries Inc (2) | | | | | 65 | | | | 13,374 | |
| Dana Inc | | | | | 3,684 | | | | 42,108 | |
| Domino's Pizza Inc | | | | | 20 | | | | 6,204 | |
| Ford Motor Co | | | | | 44,772 | | | | 501,446 | |
| Frontdoor Inc (2) | | | | | 3,825 | | | | 77,992 | |
| Garmin Ltd | | | | | 4,272 | | | | 343,084 | |
| General Motors Co | | | | | 50,717 | | | | 1,627,509 | |
| Gentex Corp | | | | | 281 | | | | 6,699 | |
| Genuine Parts Co | | | | | 94 | | | | 14,036 | |
| Goodyear Tire & Rubber Co/The (2) | | | | | 5,101 | | | | 51,469 | |
| Grand Canyon Education Inc (2) | | | | | 15,053 | | | | 1,238,109 | |
| H&R Block Inc | | | | | 9,383 | | | | 399,153 | |
| Home Depot Inc/The | | | | | 16,991 | | | | 4,688,497 | |
| La-Z-Boy Inc | | | | | 443 | | | | 9,999 | |
| Lear Corp | | | | | 55 | | | | 6,583 | |
| Lennar Corp | | | | | 1,968 | | | | 146,714 | |
| LKQ Corp | | | | | 8,172 | | | | 385,310 | |
| Lowe's Cos Inc | | | | | 3,461 | | | | 650,010 | |
| Lululemon Athletica Inc (2) | | | | | 10,179 | | | | 2,845,641 | |
| M/I Homes Inc (2) | | | | | 16,275 | | | | 589,643 | |
| Macy's Inc | | | | | 90,962 | | | | 1,425,375 | |
| Malibu Boats Inc (2) | | | | | 390 | | | | 18,716 | |
| MasterCraft Boat Holdings Inc (2) | | | | | 713 | | | | 13,440 | |
| NVR Inc (2) | | | | | 81 | | | | 322,953 | |
| ONE Group Hospitality Inc/The (2) | | | | | 3,356 | | | | 22,284 | |
| O'Reilly Automotive Inc (2) | | | | | 2,548 | | | | 1,792,136 | |
| Oxford Industries Inc | | | | | 116 | | | | 10,414 | |
| Patrick Industries Inc | | | | | 378 | | | | 16,572 | |
| PulteGroup Inc | | | | | 173 | | | | 6,488 | |
| Qurate Retail Inc | | | | | 7,934 | | | | 15,947 | |
| Ross Stores Inc | | | | | 162 | | | | 13,652 | |
| Skechers USA Inc (2) | | | | | 6,160 | | | | 195,395 | |
| Skyline Champion Corp (2) | | | | | 24,031 | | | | 1,270,519 | |
| Smith & Wesson Brands Inc | | | | | 9,961 | | | | 103,296 | |
| Sonos Inc (2) | | | | | 49,528 | | | | 688,439 | |
| Starbucks Corp | | | | | 35,118 | | | | 2,959,043 | |
| Strategic Education Inc | | | | | 116 | | | | 7,124 | |
| Tapestry Inc | | | | | 6,717 | | | | 190,964 | |
| Target Corp | | | | | 3,120 | | | | 462,977 | |
| Tesla Inc (2) | | | | | 3,688 | | | | 978,242 | |
| TJX Cos Inc/The | | | | | 2,763 | | | | 171,638 | |
| Town Sports International Holdings Inc (2) | | | | | 4,613 | | | | 1 | |
| Tractor Supply Co | | | | | 2,478 | | | | 460,611 | |
| TravelCenters of America Inc (2) | | | | | 138 | | | | 7,442 | |
| Tupperware Brands Corp (2) | | | | | 7,472 | | | | 48,942 | |
| Ulta Beauty Inc (2) | | | | | 4,442 | | | | 1,782,086 | |
| Universal Electronics Inc (2) | | | | | 328 | | | | 6,452 | |
| Whirlpool Corp | | | | | 5,236 | | | | 705,865 | |
| Yum! Brands Inc | | | | | 8,624 | | | | 917,076 | |
| | | | | | | | | | | |
| | | | | | | | | | 38,694,603 | |
| | | | | | | | | | | |
| Consumer Staples - 2.5% | | | | | | | | | | |
| Albertsons Cos Inc | | | | | 22,373 | | | | 556,193 | |
| Altria Group Inc | | | | | 167 | | | | 6,743 | |
| Archer-Daniels-Midland Co | | | | | 26,252 | | | | 2,111,973 | |
| Bunge Ltd | | | | | 11,407 | | | | 941,876 | |
| Coca-Cola Consolidated Inc | | | | | 16 | | | | 6,588 | |
| Costco Wholesale Corp | | | | | 15,481 | | | | 7,311,212 | |
| Flowers Foods Inc | | | | | 1,313 | | | | 32,418 | |
| General Mills Inc | | | | | 19,963 | | | | 1,529,365 | |
| Hostess Brands Inc (2) | | | | | 316 | | | | 7,344 | |
| Ingles Markets Inc | | | | | 204 | | | | 16,159 | |
| Ingredion Inc | | | | | 3,637 | | | | 292,851 | |
| John B Sanfilippo & Son Inc | | | | | 102 | | | | 7,724 | |
| Keurig Dr Pepper Inc | | | | | 192 | | | | 6,877 | |
| Kimberly-Clark Corp | | | | | 146 | | | | 16,431 | |
| Kraft Heinz Co/The | | | | | 304 | | | | 10,138 | |
| Kroger Co/The | | | | | 718 | | | | 31,413 | |
| Lamb Weston Holdings Inc | | | | | 92 | | | | 7,119 | |
| Molson Coors Beverage Co | | | | | 2,574 | | | | 123,526 | |
| Mondelez International Inc | | | | | 3,479 | | | | 190,754 | |
| PepsiCo Inc | | | | | 149 | | | | 24,326 | |
| Tyson Foods Inc | | | | | 16,597 | | | | 1,094,240 | |
| Walmart Inc | | | | | 6,994 | | | | 907,122 | |
| | | | | | | | | | | |
| | | | | | | | | | 15,232,392 | |
| | | | | | | | | | | |
| Energy - 4.1% | | | | | | | | | | |
| Alto Ingredients Inc (2) | | | | | 1,605 | | | | 5,842 | |
| Antero Midstream Corp | | | | | 784 | | | | 7,197 | |
| Antero Resources Corp (2) | | | | | 285 | | | | 8,701 | |
| APA Corp | | | | | 8,868 | | | | 303,197 | |
| Arch Resources Inc | | | | | 194 | | | | 23,008 | |
| Baker Hughes Co | | | | | 297 | | | | 6,225 | |
| Berry Corp | | | | | 2,368 | | | | 17,760 | |
| Brigham Minerals Inc | | | | | 401 | | | | 9,893 | |
| Bristow Group Inc (2) | | | | | 2,574 | | | | 60,463 | |
| California Resources Corp | | | | | 2,814 | | | | 108,142 | |
| Callon Petroleum Co (2) | | | | | 183 | | | | 6,407 | |
| Centrus Energy Corp (2) | | | | | 4,759 | | | | 195,024 | |
| ChampionX Corp | | | | | 337 | | | | 6,595 | |
| Cheniere Energy Inc | | | | | 9,158 | | | | 1,519,404 | |
| Chevron Corp | | | | | 38,634 | | | | 5,550,547 | |
| Chord Energy Corp | | | | | 145 | | | | 19,832 | |
| Civitas Resources Inc | | | | | 885 | | | | 50,790 | |
| Comstock Resources Inc (2) | | | | | 433 | | | | 7,487 | |
| ConocoPhillips | | | | | 7,175 | | | | 734,290 | |
| Continental Resources Inc/OK | | | | | 617 | | | | 41,222 | |
| Coterra Energy Inc | | | | | 886 | | | | 23,142 | |
| CVR Energy Inc | | | | | 470 | | | | 13,621 | |
| Delek US Holdings Inc | | | | | 915 | | | | 24,833 | |
| Denbury Inc (2) | | | | | 394 | | | | 33,986 | |
| Devon Energy Corp | | | | | 3,561 | | | | 214,123 | |
| Diamondback Energy Inc | | | | | 2,875 | | | | 346,323 | |
| Dorian LPG Ltd | | | | | 270 | | | | 3,664 | |
| DT Midstream Inc | | | | | 6,889 | | | | 357,470 | |
| EOG Resources Inc | | | | | 6,145 | | | | 686,581 | |
| EQT Corp | | | | | 6,528 | | | | 266,016 | |
| Exxon Mobil Corp | | | | | 46,237 | | | | 4,036,952 | |
| FLEX LNG Ltd | | | | | 470 | | | | 14,885 | |
| Golar LNG Ltd (2) | | | | | 687 | | | | 17,120 | |
| Gulfport Energy Corp (2) | | | | | 44 | | | | 3,885 | |
| Halliburton Co | | | | | 311 | | | | 7,657 | |
| Hess Corp | | | | | 2,372 | | | | 258,524 | |
| HF Sinclair Corp | | | | | 1,793 | | | | 96,535 | |
| International Seaways Inc | | | | | 155 | | | | 5,445 | |
| Kinder Morgan Inc | | | | | 1,272 | | | | 21,166 | |
| Kinetik Holdings Inc | | | | | 209 | | | | 6,809 | |
| Laredo Petroleum Inc (2) | | | | | 429 | | | | 26,963 | |
| Magnolia Oil & Gas Corp | | | | | 936 | | | | 18,542 | |
| Marathon Oil Corp | | | | | 337 | | | | 7,609 | |
| Marathon Petroleum Corp | | | | | 36,830 | | | | 3,658,324 | |
| Matador Resources Co | | | | | 2,210 | | | | 108,113 | |
| Murphy Oil Corp | | | | | 425 | | | | 14,947 | |
| Nine Energy Service Inc (2) | | | | | 6,330 | | | | 16,711 | |
| Northern Oil and Gas Inc | | | | | 388 | | | | 10,635 | |
| Occidental Petroleum Corp | | | | | 4,118 | | | | 253,051 | |
| ONEOK Inc | | | | | 21,792 | | | | 1,116,622 | |
| Ovintiv Inc | | | | | 6,142 | | | | 282,532 | |
| Par Pacific Holdings Inc (2) | | | | | 624 | | | | 10,240 | |
| PBF Energy Inc (2) | | | | | 325 | | | | 11,427 | |
| PDC Energy Inc | | | | | 1,381 | | | | 79,808 | |
| Peabody Energy Corp (2) | | | | | 502 | | | | 12,460 | |
| Phillips 66 | | | | | 11,412 | | | | 921,177 | |
| Pioneer Natural Resources Co | | | | | 1,969 | | | | 426,348 | |
| ProPetro Holding Corp (2) | | | | | 746 | | | | 6,005 | |
| Range Resources Corp | | | | | 807 | | | | 20,385 | |
| Ranger Oil Corp | | | | | 212 | | | | 6,667 | |
| REX American Resources Corp (2) | | | | | 273 | | | | 7,622 | |
| SandRidge Energy Inc (2) | | | | | 406 | | | | 6,622 | |
| Schlumberger NV | | | | | 23,934 | | | | 859,231 | |
| Scorpio Tankers Inc | | | | | 404 | | | | 16,984 | |
| SilverBow Resources Inc (2) | | | | | 348 | | | | 9,354 | |
| SM Energy Co | | | | | 1,662 | | | | 62,508 | |
| Talos Energy Inc (2) | | | | | 684 | | | | 11,389 | |
| Targa Resources Corp | | | | | 7,937 | | | | 478,919 | |
| Teekay Corp (2) | | | | | 3,592 | | | | 12,895 | |
| Valero Energy Corp | | | | | 11,007 | | | | 1,176,098 | |
| Williams Cos Inc/The | | | | | 1,636 | | | | 46,839 | |
| World Fuel Services Corp | | | | | 2,737 | | | | 64,155 | |
| | | | | | | | | | | |
| | | | | | | | | | 24,881,945 | |
| | | | | | | | | | | |
| Financials - 7.7% | | | | | | | | | | |
| Aflac Inc | | | | | 7,091 | | | | 398,514 | |
| Ally Financial Inc | | | | | 18,783 | | | | 522,731 | |
| Amalgamated Financial Corp | | | | | 999 | | | | 22,527 | |
| American Equity Investment Life Holding Co | | | | | 12,152 | | | | 453,148 | |
| American Express Co | | | | | 10,108 | | | | 1,363,670 | |
| American Financial Group Inc/OH | | | | | 2,488 | | | | 305,850 | |
| American International Group Inc | | | | | 60,322 | | | | 2,864,089 | |
| Aon PLC | | | | | 14 | | | | 3,750 | |
| Axis Capital Holdings Ltd | | | | | 380 | | | | 18,677 | |
| Bank of New York Mellon Corp/The | | | | | 25,895 | | | | 997,475 | |
| Bank OZK | | | | | 172 | | | | 6,804 | |
| Berkshire Hathaway Inc (2) | | | | | 76,226 | | | | 20,353,867 | |
| Cadence Bank | | | | | 299 | | | | 7,598 | |
| Capital One Financial Corp | | | | | 5,918 | | | | 545,462 | |
| Central Pacific Financial Corp | | | | | 513 | | | | 10,614 | |
| Charles Schwab Corp/The | | | | | 38,972 | | | | 2,800,918 | |
| Chubb Ltd | | | | | 3,213 | | | | 584,380 | |
| East West Bancorp Inc | | | | | 8,638 | | | | 579,955 | |
| Enact Holdings Inc | | | | | 311 | | | | 6,895 | |
| Erie Indemnity Co | | | | | 36 | | | | 8,003 | |
| Essent Group Ltd | | | | | 12,746 | | | | 444,453 | |
| Evercore Inc | | | | | 239 | | | | 19,658 | |
| FB Financial Corp | | | | | 1,469 | | | | 56,130 | |
| Fidelity National Financial Inc | | | | | 24,594 | | | | 890,303 | |
| Fifth Third Bancorp | | | | | 313 | | | | 10,003 | |
| Flagstar Bancorp Inc | | | | | 196 | | | | 6,546 | |
| Flushing Financial Corp | | | | | 351 | | | | 6,799 | |
| Hartford Financial Services Group Inc/The | | | | | 5,375 | | | | 332,928 | |
| Heartland Financial USA Inc | | | | | 253 | | | | 10,970 | |
| International Bancshares Corp | | | | | 355 | | | | 15,088 | |
| Loews Corp | | | | | 135 | | | | 6,728 | |
| Marsh & McLennan Cos Inc | | | | | 25,705 | | | | 3,837,499 | |
| Medley Management Inc (2)(6) | | | | | 235 | | | | 0 | |
| Midland States Bancorp Inc | | | | | 290 | | | | 6,835 | |
| Moelis & Co | | | | | 4,017 | | | | 135,815 | |
| Mr Cooper Group Inc (2) | | | | | 1,315 | | | | 53,258 | |
| NMI Holdings Inc (2) | | | | | 2,231 | | | | 45,445 | |
| Northern Trust Corp | | | | | 2,744 | | | | 234,777 | |
| OFG Bancorp | | | | | 257 | | | | 6,458 | |
| Old Republic International Corp | | | | | 3,296 | | | | 68,985 | |
| Pathward Financial Inc | | | | | 5,742 | | | | 189,256 | |
| Radian Group Inc | | | | | 684 | | | | 13,194 | |
| Regions Financial Corp | | | | | 32,776 | | | | 657,814 | |
| Reinsurance Group of America Inc | | | | | 2,930 | | | | 368,623 | |
| Rithm Capital Corp | | | | | 687 | | | | 5,029 | |
| State Street Corp | | | | | 6,903 | | | | 419,771 | |
| Stewart Information Services Corp | | | | | 15,389 | | | | 671,576 | |
| Synchrony Financial | | | | | 12,753 | | | | 359,507 | |
| W R Berkley Corp | | | | | 4,143 | | | | 267,555 | |
| Walker & Dunlop Inc | | | | | 5,956 | | | | 498,696 | |
| Waterstone Financial Inc | | | | | 418 | | | | 6,755 | |
| Willis Towers Watson PLC | | | | | 27,108 | | | | 5,447,082 | |
| Zions Bancorp NA | | | | | 3,389 | | | | 172,365 | |
| | | | | | | | | | | |
| | | | | | | | | | 47,120,828 | |
| | | | | | | | | | | |
| Healthcare - 11.2% | | | | | | | | | | |
| Abbott Laboratories | | | | | 4,657 | | | | 450,611 | |
| AbbVie Inc | | | | | 36,890 | | | | 4,951,007 | |
| Agilent Technologies Inc | | | | | 61 | | | | 7,415 | |
| Align Technology Inc (2) | | | | | 4,381 | | | | 907,349 | |
| AmerisourceBergen Corp | | | | | 1,463 | | | | 197,988 | |
| Amgen Inc | | | | | 24,152 | | | | 5,443,861 | |
| Assertio Holdings Inc (2) | | | | | 3,562 | | | | 8,086 | |
| Avalo Therapeutics Inc (2) | | | | | 1,444 | | | | 4,794 | |
| Biogen Inc (2) | | | | | 3,210 | | | | 857,070 | |
| Bristol-Myers Squibb Co | | | | | 45,396 | | | | 3,227,202 | |
| Cardinal Health Inc | | | | | 36,184 | | | | 2,412,749 | |
| CareDx Inc (2) | | | | | 496 | | | | 8,442 | |
| Catalent Inc (2) | | | | | 12,648 | | | | 915,209 | |
| Centene Corp (2) | | | | | 5,873 | | | | 456,978 | |
| Chemed Corp | | | | | 33 | | | | 14,406 | |
| Cigna Corp | | | | | 6,466 | | | | 1,794,121 | |
| CVS Health Corp | | | | | 3,867 | | | | 368,796 | |
| Dexcom Inc (2) | | | | | 2,096 | | | | 168,812 | |
| Elevance Health Inc | | | | | 1,606 | | | | 729,509 | |
| Eli Lilly & Co | | | | | 12,745 | | | | 4,121,096 | |
| Embecta Corp | | | | | 376 | | | | 10,825 | |
| Emergent BioSolutions Inc (2) | | | | | 719 | | | | 15,092 | |
| Enhabit Inc (2) | | | | | 1,243 | | | | 17,452 | |
| Ensign Group Inc/The | | | | | 44 | | | | 3,498 | |
| Exact Sciences Corp (2) | | | | | 5,624 | | | | 182,724 | |
| Fulgent Genetics Inc (2) | | | | | 17,065 | | | | 650,518 | |
| Galectin Therapeutics Inc (2) | | | | | 3,817 | | | | 6,222 | |
| Genprex Inc (2) | | | | | 4,483 | | | | 6,321 | |
| Gilead Sciences Inc | | | | | 45,372 | | | | 2,798,999 | |
| Horizon Therapeutics Plc (2) | | | | | 60 | | | | 3,713 | |
| Humana Inc | | | | | 1,599 | | | | 775,819 | |
| IDEXX Laboratories Inc (2) | | | | | 307 | | | | 100,021 | |
| ImmunityBio Inc (2) | | | | | 23,971 | | | | 119,136 | |
| Johnson & Johnson | | | | | 64,928 | | | | 10,606,638 | |
| Joint Corp/The (2) | | | | | 424 | | | | 6,661 | |
| Laboratory Corp of America Holdings | | | | | 307 | | | | 62,877 | |
| McKesson Corp | | | | | 9,025 | | | | 3,067,327 | |
| Merck & Co Inc | | | | | 49,592 | | | | 4,270,863 | |
| Moderna Inc (2) | | | | | 17,439 | | | | 2,062,162 | |
| Molina Healthcare Inc (2) | | | | | 121 | | | | 39,911 | |
| Natera Inc (2) | | | | | 197 | | | | 8,633 | |
| Neurocrine Biosciences Inc (2) | | | | | 1,980 | | | | 210,296 | |
| Organon & Co | | | | | 226 | | | | 5,288 | |
| Orthofix Medical Inc (2) | | | | | 304 | | | | 5,809 | |
| Perrigo Co PLC | | | | | 195 | | | | 6,954 | |
| Pfizer Inc | | | | | 62,933 | | | | 2,753,948 | |
| Quest Diagnostics Inc | | | | | 1,329 | | | | 163,055 | |
| QuidelOrtho Corp (2) | | | | | 3,798 | | | | 271,481 | |
| RadNet Inc (2) | | | | | 1,431 | | | | 29,121 | |
| Regeneron Pharmaceuticals Inc (2) | | | | | 2,553 | | | | 1,758,685 | |
| SIGA Technologies Inc | | | | | 698 | | | | 7,189 | |
| Tenet Healthcare Corp (2) | | | | | 119 | | | | 6,138 | |
| Twist Bioscience Corp (2) | | | | | 185 | | | | 6,519 | |
| United Therapeutics Corp (2) | | | | | 17 | | | | 3,559 | |
| UnitedHealth Group Inc | | | | | 12,625 | | | | 6,376,130 | |
| Universal Health Services Inc | | | | | 485 | | | | 42,767 | |
| Veracyte Inc (2) | | | | | 51,774 | | | | 859,448 | |
| Vertex Pharmaceuticals Inc (2) | | | | | 5,061 | | | | 1,465,362 | |
| Viatris Inc | | | | | 29,587 | | | | 252,081 | |
| Vir Biotechnology Inc (2) | | | | | 1,027 | | | | 19,801 | |
| West Pharmaceutical Services Inc | | | | | 4,502 | | | | 1,107,852 | |
| Zimmer Biomet Holdings Inc | | | | | 1,864 | | | | 194,881 | |
| Zoetis Inc | | | | | 7,412 | | | | 1,099,125 | |
| | | | | | | | | | | |
| | | | | | | | | | 68,506,402 | |
| | | | | | | | | | | |
| Industrials - 6.1% | | | | | | | | | | |
| AECOM | | | | | 208 | | | | 14,221 | |
| AeroVironment Inc (2) | | | | | 81 | | | | 6,752 | |
| AGCO Corp | | | | | 1,067 | | | | 102,613 | |
| AMETEK Inc | | | | | 395 | | | | 44,797 | |
| Applied Industrial Technologies Inc | | | | | 38 | | | | 3,906 | |
| Argan Inc | | | | | 752 | | | | 24,192 | |
| Atkore Inc (2) | | | | | 9,917 | | | | 771,642 | |
| BlueLinx Holdings Inc (2) | | | | | 877 | | | | 54,462 | |
| Boise Cascade Co | | | | | 10,913 | | | | 648,887 | |
| Brady Corp | | | | | 251 | | | | 10,474 | |
| Builders FirstSource Inc (2) | | | | | 23,270 | | | | 1,371,068 | |
| BWX Technologies Inc | | | | | 138 | | | | 6,951 | |
| Cintas Corp | | | | | 506 | | | | 196,424 | |
| Copart Inc (2) | | | | | 75,466 | | | | 8,029,582 | |
| Costamare Inc | | | | | 524 | | | | 4,690 | |
| CoStar Group Inc (2) | | | | | 36,946 | | | | 2,573,289 | |
| Dover Corp | | | | | 30 | | | | 3,497 | |
| Eagle Bulk Shipping Inc | | | | | 144 | | | | 6,218 | |
| Eaton Corp PLC | | | | | 79 | | | | 10,535 | |
| EMCOR Group Inc | | | | | 9,929 | | | | 1,146,601 | |
| Emerson Electric Co | | | | | 176 | | | | 12,887 | |
| Encore Wire Corp | | | | | 491 | | | | 56,730 | |
| Expeditors International of Washington Inc | | | | | 40 | | | | 3,532 | |
| Fastenal Co | | | | | 151 | | | | 6,952 | |
| Fortune Brands Home & Security Inc | | | | | 12,973 | | | | 696,520 | |
| Genco Shipping & Trading Ltd | | | | | 3,389 | | | | 42,464 | |
| General Dynamics Corp | | | | | 8,701 | | | | 1,846,091 | |
| Graco Inc | | | | | 333 | | | | 19,963 | |
| H&E Equipment Services Inc | | | | | 240 | | | | 6,802 | |
| Heidrick & Struggles International Inc | | | | | 1,275 | | | | 33,137 | |
| Hubbell Inc | | | | | 5,626 | | | | 1,254,598 | |
| Huntington Ingalls Industries Inc | | | | | 32 | | | | 7,088 | |
| Karat Packaging Inc (2) | | | | | 307 | | | | 4,909 | |
| Leidos Holdings Inc | | | | | 4,095 | | | | 358,190 | |
| Lockheed Martin Corp | | | | | 15,028 | | | | 5,805,166 | |
| ManpowerGroup Inc | | | | | 3,714 | | | | 240,259 | |
| Matson Inc | | | | | 5,111 | | | | 314,429 | |
| McGrath RentCorp | | | | | 91 | | | | 7,631 | |
| MDU Resources Group Inc | | | | | 1,519 | | | | 41,545 | |
| MSC Industrial Direct Co Inc | | | | | 93 | | | | 6,771 | |
| Mueller Industries Inc | | | | | 5,223 | | | | 310,455 | |
| MYR Group Inc (2) | | | | | 122 | | | | 10,337 | |
| Northrop Grumman Corp | | | | | 7,457 | | | | 3,507,176 | |
| nVent Electric PLC | | | | | 2,601 | | | | 82,218 | |
| Old Dominion Freight Line Inc | | | | | 15 | | | | 3,732 | |
| Owens Corning | | | | | 1,147 | | | | 90,166 | |
| PACCAR Inc | | | | | 3,391 | | | | 283,793 | |
| Primoris Services Corp | | | | | 908 | | | | 14,755 | |
| Raytheon Technologies Corp | | | | | 25,913 | | | | 2,121,238 | |
| Regal Rexnord Corp | | | | | 2,864 | | | | 401,991 | |
| Republic Services Inc | | | | | 284 | | | | 38,635 | |
| Ryder System Inc | | | | | 438 | | | | 33,065 | |
| Sensata Technologies Holding PLC | | | | | 697 | | | | 25,984 | |
| Southwest Airlines Co (2) | | | | | 19,937 | | | | 614,857 | |
| Sterling Infrastructure Inc (2) | | | | | 322 | | | | 6,913 | |
| Textron Inc | | | | | 5,747 | | | | 334,820 | |
| TrueBlue Inc (2) | | | | | 505 | | | | 9,635 | |
| UFP Industries Inc | | | | | 498 | | | | 35,936 | |
| United Parcel Service Inc | | | | | 4,422 | | | | 714,330 | |
| Univar Solutions Inc (2) | | | | | 845 | | | | 19,215 | |
| Valmont Industries Inc | | | | | 83 | | | | 22,295 | |
| Verisk Analytics Inc | | | | | 3,952 | | | | 673,935 | |
| Waste Management Inc | | | | | 10,639 | | | | 1,704,474 | |
| WW Grainger Inc | | | | | 1,502 | | | | 734,763 | |
| | | | | | | | | | | |
| | | | | | | | | | 37,591,183 | |
| | | | | | | | | | | |
| Information Technology - 14.4% | | | | | | | | | | |
| Alpha & Omega Semiconductor Ltd (2) | | | | | 4,795 | | | | 147,494 | |
| Amkor Technology Inc | | | | | 31,455 | | | | 536,308 | |
| Apple Inc | | | | | 197,210 | | | | 27,254,422 | |
| Arrow Electronics Inc (2) | | | | | 9,145 | | | | 843,078 | |
| Avid Technology Inc (2) | | | | | 1,196 | | | | 27,819 | |
| Avnet Inc | | | | | 8,301 | | | | 299,832 | |
| Broadcom Inc | | | | | 49 | | | | 21,756 | |
| Cadence Design Systems Inc (2) | | | | | 3,208 | | | | 524,283 | |
| Cass Information Systems Inc | | | | | 217 | | | | 7,528 | |
| Cisco Systems Inc | | | | | 41,417 | | | | 1,656,680 | |
| Cognizant Technology Solutions Corp | | | | | 118 | | | | 6,778 | |
| CommVault Systems Inc (2) | | | | | 209 | | | | 11,085 | |
| Corning Inc | | | | | 8,463 | | | | 245,596 | |
| Dell Technologies Inc | | | | | 1,253 | | | | 42,815 | |
| Euronet Worldwide Inc (2) | | | | | 2,956 | | | | 223,947 | |
| Extreme Networks Inc (2) | | | | | 554 | | | | 7,241 | |
| Fabrinet (2) | | | | | 344 | | | | 32,835 | |
| Intel Corp | | | | | 33,472 | | | | 862,573 | |
| Intuit Inc | | | | | 8,510 | | | | 3,296,093 | |
| Jabil Inc | | | | | 57,350 | | | | 3,309,669 | |
| Keysight Technologies Inc (2) | | | | | 24 | | | | 3,777 | |
| Manhattan Associates Inc (2) | | | | | 37,400 | | | | 4,975,322 | |
| Mastercard Inc | | | | | 5,590 | | | | 1,589,461 | |
| Microsoft Corp | | | | | 114,877 | | | | 26,754,853 | |
| Monolithic Power Systems Inc | | | | | 3,774 | | | | 1,371,472 | |
| NetScout Systems Inc (2) | | | | | 351 | | | | 10,993 | |
| Oracle Corp | | | | | 33,569 | | | | 2,050,059 | |
| QUALCOMM Inc | | | | | 44,125 | | | | 4,985,243 | |
| Sanmina Corp (2) | | | | | 315 | | | | 14,515 | |
| Skyworks Solutions Inc | | | | | 111 | | | | 9,465 | |
| StarTek Inc (2) | | | | | 2,934 | | | | 8,802 | |
| Synopsys Inc (2) | | | | | 2,883 | | | | 880,785 | |
| TD SYNNEX Corp | | | | | 77 | | | | 6,252 | |
| Texas Instruments Inc | | | | | 30,932 | | | | 4,787,655 | |
| Zoom Video Communications Inc (2) | | | | | 22,846 | | | | 1,681,237 | |
| | | | | | | | | | | |
| | | | | | | | | | 88,487,723 | |
| Materials - 1.2% | | | | | | | | | | |
| AdvanSix Inc | | | | | 1,479 | | | | 47,476 | |
| Air Products and Chemicals Inc | | | | | 60 | | | | 13,964 | |
| Alcoa Corp | | | | | 893 | | | | 30,058 | |
| Alpha Metallurgical Resources Inc | | | | | 230 | | | | 31,473 | |
| Avery Dennison Corp | | | | | 41 | | | | 6,671 | |
| CF Industries Holdings Inc | | | | | 1,100 | | | | 105,875 | |
| Chemours Co/The | | | | | 881 | | | | 21,717 | |
| Clearwater Paper Corp (2) | | | | | 293 | | | | 11,017 | |
| Dow Inc | | | | | 18,186 | | | | 798,911 | |
| Eagle Materials Inc | | | | | 7,275 | | | | 779,735 | |
| Freeport-McMoRan Inc | | | | | 27,114 | | | | 741,026 | |
| International Paper Co | | | | | 8,415 | | | | 266,756 | |
| Linde PLC | | | | | 14 | | | | 3,774 | |
| Louisiana-Pacific Corp | | | | | 26,749 | | | | 1,369,281 | |
| LyondellBasell Industries NV | | | | | 16,742 | | | | 1,260,338 | |
| Mosaic Co/The | | | | | 74 | | | | 3,576 | |
| Newmont Corp | | | | | 4,613 | | | | 193,884 | |
| Nucor Corp | | | | | 6,476 | | | | 692,867 | |
| Olin Corp | | | | | 1,608 | | | | 68,951 | |
| Reliance Steel & Aluminum Co | | | | | 220 | | | | 38,370 | |
| Ryerson Holding Corp | | | | | 1,268 | | | | 32,638 | |
| Schnitzer Steel Industries Inc | | | | | 1,053 | | | | 29,968 | |
| Southern Copper Corp | | | | | 3,892 | | | | 174,517 | |
| Steel Dynamics Inc | | | | | 5,798 | | | | 411,368 | |
| Sylvamo Corp | | | | | 1,718 | | | | 58,240 | |
| Trinseo PLC | | | | | 2,178 | | | | 39,901 | |
| Tronox Holdings PLC | | | | | 453 | | | | 5,549 | |
| United States Steel Corp | | | | | 7,693 | | | | 139,397 | |
| Valvoline Inc | | | | | 258 | | | | 6,538 | |
| Warrior Met Coal Inc | | | | | 728 | | | | 20,704 | |
| Westrock Co | | | | | 757 | | | | 23,384 | |
| | | | | | | | | | | |
| | | | | | | | | | 7,427,924 | |
| | | | | | | | | | | |
| Real Estate Investment Trust - 0.0% | | | | | | | | | | |
| CorEnergy Infrastructure Trust Inc | | | | | 13,458 | | | | 21,398 | |
| Spirit MTA REIT Liquidating Trust (2)(6) | | | | | 9,151 | | | | 0 | |
| | | | | | | | | | | |
| | | | | | | | | | 21,398 | |
| | | | | | | | | | | |
| Utilities - 0.5% | | | | | | | | | | |
| AES Corp/The | | | | | 6,541 | | | | 147,827 | |
| American States Water Co | | | | | 111 | | | | 8,652 | |
| American Water Works Co Inc | | | | | 1,201 | | | | 156,322 | |
| Brookfield Renewable Corp | | | | | 1,151 | | | | 37,615 | |
| CenterPoint Energy Inc | | | | | 703 | | | | 19,811 | |
| Clearway Energy Inc | | | | | 1,377 | | | | 43,857 | |
| FirstEnergy Corp | | | | | 2,875 | | | | 106,375 | |
| National Fuel Gas Co | | | | | 2,030 | | | | 124,947 | |
| NorthWestern Corp | | | | | 136 | | | | 6,702 | |
| NRG Energy Inc | | | | | 24,850 | | | | 951,010 | |
| UGI Corp | | | | | 39,108 | | | | 1,264,363 | |
| | | | | | | | | | | |
| | | | | | | | | | 2,867,481 | |
| | | | | | | | | | | |
| Total Common Stocks (United States) | | (Cost | | $ | 318,349,209 | ) | | | 345,917,941 | |
| | | | | | | | | | | |
| Preferred Stock (United States) - 0.0% | | | | | | | | | | |
| | | | | | | | | | | |
| WESCO International, Inc. Series A Variable Preferred (7) | | | | | 2,612 | | | | 70,393 | |
| | | | | | | | | | | |
| Total Preferred Stock (United States) | | (Cost | | $ | 65,288 | ) | | | 70,393 | |
| | | | | | | | | | | |
| 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) | | | | | 57 | | | | 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 | | | | 3,106 | |
| Nabors Industries, Ltd. Warrants, Expiration Date 6/11/2026 (2) | | | | | 122 | | | | 2,214 | |
| 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 | | | | 2,752 | |
| Whiting Petroleum Corp. B Warrants, Expiration Date 9/1/2025 (2) | | | | | 63 | | | | 1,316 | |
| | | | | | | | | | | |
| Total Warrants (United States) | | (Cost | | $ | 8,512 | ) | | | 9,388 | |
| | | | | | | | | | | |
| Money Market Registered Investment Companies - 40.1% | | | | | | | | | | |
| | | | | | | | | | | |
| Meeder Institutional Prime Money Market Fund, 2.85% (3) | | | | | 245,642,249 | | | | 245,593,121 | |
| | | | | | | | | | | |
| Total Money Market Registered Investment Companies | | (Cost | | $ | 245,557,042 | ) | | | 245,593,121 | |
| | | | | | | | | | | |
| Bank Obligations - 0.1% | | | | | | | | | | |
| | | | | | | | | | | |
| First Merchants Bank Deposit Account, 0.55%, 10/1/2022 (4) | | | | | 248,232 | | | | 248,232 | |
| Metro City Bank Deposit Account, 0.05%, 10/1/2022 (4) | | | | | 248,869 | | | | 248,869 | |
| | | | | | | | | | | |
| Total Bank Obligations | | (Cost | | $ | 497,101 | ) | | | 497,101 | |
| | | | | | | | | | | |
| Total Investments - 96.7% | | (Cost | | $ | 564,477,152 | ) | | | 592,087,944 | |
| | | | | | | | | | | |
| Other Assets less Liabilities - 3.3% | | | | | | | | | 19,913,530 | |
| | | | | | | | | | | |
| Total Net Assets - 100.0% | | | | | | | | | 612,001,474 | |
| | | | | | | | | | | |
| Trustee Deferred Compensation (5) | | | | | | | | | | |
| | | | | | | | | | | |
| Meeder Balanced Fund - Retail Class | | | | | 5,258 | | | | 59,836 | |
| Meeder Dynamic Allocation Fund - Retail Class | | | | | 13,858 | | | | 146,479 | |
| Meeder Muirfield Fund - Retail Class | | | | | 9,397 | | | | 75,552 | |
| Meeder Conservative Allocation Fund - Retail Class | | | | | 1,549 | | | | 32,095 | |
| | | | | | | | | | | |
| Total Trustee Deferred Compensation | | (Cost | | $ | 322,034 | ) | | | 313,962 | |
| | | Long (Short) Contracts | | | Expiration Date | | Notional Value of Contracts ($) | | | Value and Unrealized Appreciation (Depreciation)($) | |
| Index Futures | | | | | | | | | | | |
| E-mini Standard & Poors MidCap 400 Futures | | | (236 | ) | | 12/16/2022 | | | (52,113,520 | ) | | | 4,900,055 | |
| Mini MSCI EAFE Index Futures | | | 492 | | | 12/16/2022 | | | 40,850,760 | | | | (4,330,972 | ) |
| Mini MSCI Emerging Markets Index Futures | | | 174 | | | 12/16/2022 | | | 7,582,051 | | | | (854,757 | ) |
| Russell 2000 Mini Index Futures | | | 181 | | | 12/16/2022 | | | 15,111,690 | | | | (1,706,789 | ) |
| Standard & Poors 500 Mini Futures | | | (606 | ) | | 12/16/2022 | | | (109,125,450 | ) | | | 10,137,147 | |
| | | | | | | | | | | | | | | |
| Total Futures Contracts | | | 5 | | | | | | (97,694,469 | ) | | | 8,144,684 | |
| (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, 2022 in valuing the Fund's assets carried at fair value:
| Valuation Inputs | | Investments in Securities | | | Other Financial Instruments (8) | |
| Level 1 - Quoted Prices | | $ | 591,590,843 | | | $ | 8,144,684 | |
| Level 2 - Other Significant Observable Inputs | | | 497,101 | | | | - | |
| Level 3 - Significant Unobservable Inputs | | | - | | | | - | |
| Total | | $ | 592,087,944 | | | $ | 8,144,684 | |
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, 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 September 30, 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. |
