Multi-Manager Small Cap Equity Strategies Fund
Third Quarter Report
May 31, 2024 (Unaudited)
Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Portfolio of InvestmentsMulti-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
(Percentages represent value of investments compared to net assets)
Investments in securities
Common Stocks 98.3% | ||
Issuer | Shares | Value ($) |
Communication Services 0.8% | ||
Diversified Telecommunication Services 0.0% | ||
ATN International, Inc. | 2,689 | 65,450 |
Bandwidth, Inc., Class A(a) | 31,286 | 629,787 |
Total | 695,237 | |
Entertainment 0.1% | ||
Eventbrite, Inc., Class A(a) | 54,845 | 273,128 |
Madison Square Garden Entertainment Corp.(a) | 10,804 | 383,974 |
Playstudios, Inc.(a) | 34,339 | 77,950 |
Playtika Holding Corp. | 34,981 | 305,734 |
Roku, Inc.(a) | 2,795 | 160,433 |
Total | 1,201,219 | |
Interactive Media & Services 0.1% | ||
DHI Group, Inc.(a) | 9,618 | 19,909 |
fuboTV, Inc.(a) | 187,500 | 234,375 |
Outbrain, Inc.(a) | 27,828 | 127,731 |
TrueCar, Inc.(a) | 37,014 | 109,191 |
Vimeo, Inc.(a) | 296,833 | 1,151,712 |
Total | 1,642,918 | |
Media 0.6% | ||
Cardlytics, Inc.(a) | 21,377 | 187,263 |
Emerald Holding, Inc.(a) | 54,700 | 311,790 |
PubMatic, Inc., Class A(a) | 71,222 | 1,559,762 |
Scholastic Corp. | 48,897 | 1,773,983 |
Stagwell, Inc.(a) | 438,323 | 3,037,578 |
TEGNA, Inc. | 105,000 | 1,565,550 |
Total | 8,435,926 | |
Total Communication Services | 11,975,300 | |
Consumer Discretionary 10.4% | ||
Automobile Components 2.1% | ||
Adient PLC(a) | 147,012 | 4,151,619 |
American Axle & Manufacturing Holdings, Inc.(a) | 187,053 | 1,429,085 |
Cooper-Standard Holding, Inc.(a) | 6,741 | 88,981 |
Dana, Inc. | 187,097 | 2,630,584 |
Fox Factory Holding Corp.(a) | 84,720 | 3,949,646 |
Goodyear Tire & Rubber Co. (The)(a) | 536,089 | 6,599,256 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
LCI Industries | 24,287 | 2,668,656 |
Modine Manufacturing Co.(a) | 50,201 | 5,066,285 |
Phinia, Inc. | 50,153 | 2,244,848 |
Stoneridge, Inc.(a) | 28,720 | 455,786 |
Visteon Corp.(a) | 28,920 | 3,220,820 |
Total | 32,505,566 | |
Automobiles 0.1% | ||
Winnebago Industries, Inc. | 27,020 | 1,676,591 |
Broadline Retail 0.1% | ||
1stdibs.com, Inc.(a) | 20,423 | 110,080 |
Global-e Online Ltd.(a) | 44,096 | 1,376,677 |
Total | 1,486,757 | |
Diversified Consumer Services 0.5% | ||
Adtalem Global Education, Inc.(a) | 27,800 | 1,790,042 |
American Public Education, Inc.(a) | 19,120 | 332,688 |
Bright Horizons Family Solutions, Inc.(a) | 40,509 | 4,258,306 |
Chegg, Inc.(a) | 98,396 | 376,857 |
Graham Holdings Co., Class B | 1,100 | 827,673 |
Total | 7,585,566 | |
Hotels, Restaurants & Leisure 2.4% | ||
Accel Entertainment, Inc.(a) | 111,200 | 1,101,992 |
Bloomin’ Brands, Inc. | 50,500 | 1,100,900 |
Boyd Gaming Corp. | 66,970 | 3,570,841 |
Brinker International, Inc.(a) | 16,100 | 1,137,143 |
Cava Group, Inc.(a) | 13,484 | 1,247,944 |
Dave & Buster’s Entertainment, Inc.(a) | 23,100 | 1,180,179 |
Denny’s Corp.(a) | 95,500 | 697,150 |
Dine Brands Global, Inc. | 29,700 | 1,171,665 |
El Pollo Loco Holdings, Inc.(a) | 81,800 | 873,624 |
Everi Holdings, Inc.(a) | 129,900 | 939,177 |
First Watch Restaurant Group, Inc.(a) | 55,474 | 1,091,728 |
Hilton Grand Vacations, Inc.(a) | 26,900 | 1,111,777 |
Life Time Group Holdings, Inc.(a) | 199,055 | 3,340,143 |
Marriott Vacations Worldwide Corp. | 33,751 | 3,046,703 |
Monarch Casino & Resort, Inc. | 16,400 | 1,098,308 |
Planet Fitness, Inc., Class A(a) | 37,644 | 2,395,664 |
2
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Six Flags Entertainment Corp.(a) | 137,164 | 3,490,824 |
Texas Roadhouse, Inc. | 28,618 | 4,941,470 |
Travel + Leisure Co. | 34,600 | 1,520,324 |
United Parks & Resorts, Inc.(a) | 30,000 | 1,568,700 |
Total | 36,626,256 | |
Household Durables 2.0% | ||
Century Communities, Inc. | 13,000 | 1,097,330 |
GoPro, Inc., Class A(a) | 481,120 | 731,302 |
Green Brick Partners, Inc.(a) | 15,400 | 840,840 |
Hooker Furnishings Corp. | 9,966 | 173,209 |
iRobot Corp.(a) | 59,232 | 569,219 |
KB Home | 100,081 | 7,065,719 |
Landsea Homes Corp.(a) | 58,453 | 579,854 |
La-Z-Boy, Inc. | 30,400 | 1,140,608 |
Leggett & Platt, Inc. | 63,000 | 730,800 |
Lifetime Brands, Inc. | 9,207 | 99,159 |
M/I Homes, Inc.(a) | 9,508 | 1,187,739 |
Meritage Homes Corp. | 11,435 | 2,016,562 |
Purple Innovation, Inc.(a) | 18,771 | 23,464 |
Sonos, Inc.(a) | 228,646 | 3,612,607 |
Taylor Morrison Home Corp., Class A(a) | 63,567 | 3,676,080 |
Traeger, Inc.(a) | 12,213 | 31,632 |
Tri Pointe Homes, Inc.(a) | 164,596 | 6,374,803 |
Universal Electronics, Inc.(a) | 12,781 | 145,959 |
Worthington Enterprises, Inc. | 7,900 | 450,537 |
Total | 30,547,423 | |
Leisure Products 0.2% | ||
Funko, Inc., Class A(a) | 60,931 | 550,816 |
JAKKS Pacific, Inc.(a) | 33,133 | 615,280 |
Johnson Outdoors, Inc., Class A | 20,800 | 756,912 |
Latham Group, Inc.(a) | 22,835 | 88,143 |
Solo Brands, Inc., Class A(a) | 22,000 | 42,900 |
Vista Outdoor, Inc.(a) | 47,500 | 1,656,800 |
Total | 3,710,851 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Specialty Retail 2.5% | ||
1-800-Flowers.com, Inc., Class A(a) | 12,295 | 119,016 |
Aaron’s Co., Inc. (The) | 253,910 | 2,153,157 |
Advance Auto Parts, Inc. | 18,943 | 1,338,133 |
Asbury Automotive Group, Inc.(a) | 4,700 | 1,104,829 |
Burlington Stores, Inc.(a) | 5,141 | 1,234,097 |
Designer Brands, Inc. | 170,378 | 1,712,299 |
Floor & Decor Holdings, Inc., Class A(a) | 21,386 | 2,499,168 |
Foot Locker, Inc. | 162,986 | 4,519,602 |
Genesco, Inc.(a) | 71,886 | 2,048,751 |
Group 1 Automotive, Inc. | 5,500 | 1,710,390 |
Haverty Furniture Companies, Inc. | 39,500 | 1,122,195 |
Hibbett, Inc. | 14,500 | 1,255,410 |
Lands’ End, Inc.(a) | 28,171 | 402,564 |
Leslie’s, Inc.(a) | 238,200 | 1,362,504 |
Lithia Motors, Inc., Class A | 12,610 | 3,192,095 |
MarineMax, Inc.(a) | 39,700 | 1,130,656 |
OneWater Marine, Inc., Class A(a) | 44,400 | 1,147,296 |
PetMed Express, Inc. | 175,900 | 749,334 |
Revolve Group, Inc.(a) | 21,400 | 408,312 |
Signet Jewelers Ltd. | 11,400 | 1,248,186 |
Sleep Number Corp.(a) | 73,899 | 1,117,353 |
Sonic Automotive, Inc., Class A | 80,823 | 4,580,239 |
ThredUp, Inc., Class A(a) | 92,108 | 185,137 |
Tilly’s, Inc.(a) | 26,219 | 151,284 |
Upbound Group, Inc. | 22,400 | 735,168 |
Zumiez, Inc.(a) | 91,907 | 1,726,013 |
Total | 38,953,188 | |
Textiles, Apparel & Luxury Goods 0.5% | ||
Carter’s, Inc. | 10,100 | 690,840 |
G-III Apparel Group Ltd.(a) | 39,100 | 1,175,346 |
Hanesbrands, Inc.(a) | 143,900 | 736,768 |
Kontoor Brands, Inc. | 13,400 | 982,756 |
Movado Group, Inc. | 31,692 | 839,838 |
Oxford Industries, Inc. | 4,600 | 509,174 |
Steven Madden Ltd. | 27,800 | 1,235,710 |
Superior Group of Cos, Inc. | 11,820 | 242,192 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
3
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Unifi, Inc.(a) | 20,250 | 132,638 |
Vera Bradley, Inc.(a) | 44,202 | 360,688 |
Total | 6,905,950 | |
Total Consumer Discretionary | 159,998,148 | |
Consumer Staples 3.3% | ||
Beverages 0.1% | ||
Duckhorn Portfolio, Inc. (The)(a) | 189,700 | 1,530,879 |
Consumer Staples Distribution & Retail 1.0% | ||
Andersons, Inc. (The) | 76,171 | 3,986,790 |
Grocery Outlet Holding Corp.(a) | 75,816 | 1,667,194 |
Maplebear, Inc.(a) | 5,905 | 179,984 |
Performance Food Group, Inc.(a) | 13,398 | 932,501 |
SpartanNash Co. | 63,685 | 1,251,410 |
Sprouts Farmers Market, Inc.(a) | 42,406 | 3,349,226 |
The Chefs’ Warehouse(a) | 99,831 | 3,935,338 |
United Natural Foods, Inc.(a) | 45,066 | 541,243 |
Total | 15,843,686 | |
Food Products 0.7% | ||
B&G Foods, Inc. | 119,600 | 1,140,984 |
Cal-Maine Foods, Inc. | 7,000 | 431,690 |
Dole PLC | 49,029 | 606,489 |
Fresh Del Monte Produce, Inc. | 39,379 | 919,894 |
Freshpet, Inc.(a) | 45,720 | 5,997,092 |
Hain Celestial Group, Inc. (The)(a) | 62,000 | 474,920 |
WK Kellogg Co. | 44,194 | 839,244 |
Total | 10,410,313 | |
Household Products 0.4% | ||
Central Garden & Pet Co.(a) | 17,500 | 760,375 |
Energizer Holdings, Inc. | 37,800 | 1,081,836 |
WD-40 Co. | 21,490 | 4,828,588 |
Total | 6,670,799 | |
Personal Care Products 1.0% | ||
BellRing Brands, Inc.(a) | 43,724 | 2,543,425 |
Edgewell Personal Care Co. | 33,200 | 1,280,856 |
elf Beauty, Inc.(a) | 36,177 | 6,761,843 |
Herbalife Ltd.(a) | 226,604 | 2,334,021 |
Medifast, Inc. | 45,100 | 1,160,874 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Nature’s Sunshine Products, Inc.(a) | 17,201 | 263,520 |
Nu Skin Enterprises, Inc., Class A | 59,400 | 792,990 |
Total | 15,137,529 | |
Tobacco 0.1% | ||
Vector Group Ltd. | 112,022 | 1,228,881 |
Total Consumer Staples | 50,822,087 | |
Energy 5.9% | ||
Energy Equipment & Services 1.9% | ||
Cactus, Inc., Class A | 127,010 | 6,521,964 |
Core Laboratories, Inc. | 46,200 | 865,788 |
Dril-Quip, Inc.(a) | 56,300 | 1,088,842 |
Expro Group Holdings NV(a) | 77,049 | 1,691,226 |
Forum Energy Technologies, Inc.(a) | 19,400 | 353,856 |
Helix Energy Solutions Group, Inc.(a) | 132,118 | 1,520,678 |
Kodiak Gas Services, Inc. | 76,724 | 2,113,746 |
Liberty Energy, Inc., Class A | 50,500 | 1,246,845 |
National Energy Services Reunited Corp.(a) | 151,800 | 1,470,942 |
Newpark Resources, Inc.(a) | 178,403 | 1,512,857 |
Oil States International, Inc.(a) | 166,435 | 743,964 |
Precision Drilling Corp.(a) | 23,100 | 1,722,336 |
ProFrac Holding Corp., Class A(a) | 49,800 | 479,076 |
ProPetro Holding Corp.(a) | 129,500 | 1,240,610 |
Select Energy Services, Inc., Class A | 50,900 | 556,337 |
Solaris Oilfield Infrastructure, Inc., Class A | 131,900 | 1,208,204 |
TechnipFMC PLC | 154,956 | 4,058,298 |
Total | 28,395,569 | |
Oil, Gas & Consumable Fuels 4.0% | ||
Baytex Energy Corp. | 412,788 | 1,519,060 |
Berry Corp. | 410,828 | 2,863,471 |
California Resources Corp. | 74,526 | 3,528,806 |
Centrus Energy Corp. Class A(a) | 8,914 | 442,402 |
Chord Energy Corp. | 9,694 | 1,797,364 |
CONSOL Energy, Inc.(a) | 12,780 | 1,324,903 |
Crescent Energy Co., Class A | 127,600 | 1,607,760 |
CVR Energy, Inc. | 60,035 | 1,672,575 |
Delek U.S. Holdings, Inc. | 92,218 | 2,347,870 |
DHT Holdings, Inc. | 78,630 | 951,423 |
Equitrans Midstream Corp. | 113,800 | 1,625,064 |
4
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Excelerate Energy, Inc., Class A | 10,544 | 187,789 |
Granite Ridge Resources, Inc. | 14,047 | 92,008 |
Gulfport Energy Corp.(a) | 28,654 | 4,636,504 |
Kinetik Holdings, Inc. | 18,500 | 758,315 |
Kosmos Energy Ltd.(a) | 247,300 | 1,508,530 |
Matador Resources Co. | 61,035 | 3,872,671 |
Northern Oil & Gas, Inc. | 37,400 | 1,530,782 |
Par Pacific Holdings, Inc.(a) | 115,153 | 3,125,252 |
PBF Energy, Inc., Class A | 76,819 | 3,559,024 |
REX American Resources Corp.(a) | 18,289 | 914,267 |
Scorpio Tankers, Inc. | 64,676 | 5,307,959 |
SilverBow Resources, Inc.(a) | 41,400 | 1,622,880 |
SM Energy Co. | 74,469 | 3,755,472 |
Talos Energy, Inc.(a) | 128,000 | 1,537,280 |
Teekay Tankers Ltd., Class A | 46,902 | 3,415,873 |
VAALCO Energy, Inc. | 166,900 | 1,064,822 |
Vertex Energy, Inc.(a) | 340,700 | 384,991 |
Vital Energy, Inc.(a) | 31,400 | 1,533,890 |
World Kinect Corp. | 138,191 | 3,639,951 |
Total | 62,128,958 | |
Total Energy | 90,524,527 | |
Financials 16.3% | ||
Banks 8.1% | ||
1st Source Corp. | 8,000 | 411,360 |
Amalgamated Financial Corp. | 13,543 | 342,367 |
Amerant Bancorp, Inc. | 8,950 | 197,258 |
Arrow Financial Corp. | 14,200 | 356,562 |
Associated Banc-Corp. | 68,708 | 1,471,725 |
Banc of California, Inc. | 111,015 | 1,538,668 |
Bank of Marin Bancorp | 44,800 | 689,024 |
BankUnited, Inc. | 173,885 | 4,988,761 |
Bankwell Financial Group, Inc. | 4,273 | 105,714 |
Baycom Corp. | 24,120 | 486,742 |
BCB Bancorp, Inc. | 44,941 | 449,410 |
Berkshire Hills Bancorp, Inc. | 105,957 | 2,355,424 |
BOK Financial Corp. | 9,000 | 815,580 |
Bridgewater Bancshares, Inc.(a) | 38,000 | 428,260 |
Brookline Bancorp, Inc. | 175,100 | 1,514,615 |
Byline Bancorp, Inc. | 23,649 | 546,292 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Cambridge Bancorp | 16,600 | 1,111,204 |
Camden National Corp. | 22,200 | 719,724 |
Capital Bancorp, Inc. | 9,061 | 182,579 |
Capital City Bank Group, Inc. | 12,054 | 327,387 |
Capitol Federal Financial, Inc. | 136,600 | 706,222 |
Cathay General Bancorp | 20,800 | 766,272 |
Central Pacific Financial Corp. | 91,651 | 1,858,682 |
Civista Bancshares, Inc. | 19,700 | 282,301 |
CNB Financial Corp. | 20,900 | 405,460 |
Columbia Banking System, Inc. | 40,700 | 784,696 |
Community Trust Bancorp, Inc. | 39,912 | 1,680,694 |
ConnectOne Bancorp, Inc. | 100,158 | 1,866,945 |
CrossFirst Bankshares, Inc.(a) | 57,200 | 748,748 |
Cullen/Frost Bankers, Inc. | 8,388 | 852,053 |
Customers Bancorp, Inc.(a) | 50,823 | 2,302,282 |
Dime Community Bancshares, Inc. | 59,600 | 1,100,812 |
Eagle Bancorp, Inc. | 70,400 | 1,269,312 |
East West Bancorp, Inc. | 6,728 | 499,150 |
Eastern Bankshares, Inc. | 117,871 | 1,614,833 |
Enterprise Financial Services Corp. | 18,000 | 696,420 |
Equity Bancshares, Inc., Class A | 2,325 | 78,353 |
FB Financial Corp. | 54,349 | 2,010,913 |
Financial Institutions, Inc. | 40,680 | 716,375 |
First BanCorp | 267,380 | 4,740,647 |
First Busey Corp. | 15,400 | 348,194 |
First Business Financial Services, Inc. | 10,742 | 365,335 |
First Financial Corp. | 36,223 | 1,341,700 |
First Foundation, Inc. | 290,466 | 1,719,559 |
First Hawaiian, Inc. | 73,900 | 1,502,387 |
First Horizon Corp. | 25,212 | 399,358 |
First Internet Bancorp | 38,061 | 1,121,277 |
First Interstate Bancsystem, Inc. | 12,900 | 342,366 |
First Merchants Corp. | 10,431 | 344,745 |
First Mid Bancshares, Inc. | 11,300 | 358,662 |
First of Long Island Corp. (The) | 70,900 | 709,000 |
Five Star Bancorp | 3,894 | 89,250 |
Flushing Financial Corp. | 97,600 | 1,241,472 |
FS Bancorp, Inc. | 12,915 | 423,483 |
Great Southern Bancorp, Inc. | 11,845 | 621,744 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
5
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Guaranty Bancshares, Inc. | 7,604 | 221,733 |
Hancock Whitney Corp. | 21,321 | 996,330 |
Hanmi Financial Corp. | 136,261 | 2,147,473 |
HarborOne Bancorp, Inc. | 57,229 | 595,754 |
HBT Financial, Inc. | 3,754 | 73,203 |
Heartland Financial U.S.A., Inc. | 19,900 | 874,804 |
Heritage Commerce Corp. | 91,900 | 748,985 |
Heritage Financial Corp. | 42,100 | 763,273 |
Hilltop Holdings, Inc. | 141,240 | 4,320,532 |
Home Bancorp, Inc. | 12,928 | 467,606 |
HomeTrust Bancshares, Inc. | 15,517 | 428,424 |
Hope Bancorp, Inc. | 144,600 | 1,522,638 |
Horizon Bancorp, Inc. | 89,100 | 1,088,802 |
Independent Bank Corp. | 66,555 | 1,667,868 |
Independent Bank Group, Inc. | 7,400 | 340,696 |
Investar Holding Corp. | 15,700 | 248,845 |
Kearny Financial Corp. | 174,618 | 990,084 |
Live Oak Bancshares, Inc. | 64,361 | 2,219,167 |
Mercantile Bank Corp. | 17,943 | 687,396 |
Metropolitan Bank Holding Corp.(a) | 28,914 | 1,215,834 |
Midland States Bancorp, Inc. | 22,807 | 518,175 |
MidWestOne Financial Group, Inc. | 16,100 | 344,701 |
MVB Financial Corp. | 1,646 | 30,830 |
Northeast Bank | 7,600 | 422,484 |
Northeast Community Bancorp, Inc. | 25,700 | 438,442 |
Northfield Bancorp, Inc. | 132,727 | 1,175,961 |
Northrim BanCorp, Inc. | 14,200 | 829,422 |
OceanFirst Financial Corp. | 107,775 | 1,622,014 |
OFG Bancorp | 52,827 | 1,963,051 |
Origin Bancorp, Inc. | 7,280 | 227,646 |
Pacific Premier Bancorp, Inc. | 33,200 | 738,368 |
Parke Bancorp, Inc. | 14,400 | 233,712 |
PCB Bancorp | 23,900 | 363,758 |
Peapack-Gladstone Financial Corp. | 56,362 | 1,223,055 |
Pinnacle Financial Partners, Inc. | 27,625 | 2,196,464 |
Popular, Inc. | 19,100 | 1,700,091 |
Preferred Bank | 27,768 | 2,074,825 |
Premier Financial Corp. | 56,400 | 1,111,644 |
Primis Financial Corp. | 57,481 | 602,976 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Provident Bancorp, Inc.(a) | 13,439 | 128,074 |
Provident Financial Services, Inc. | 173,359 | 2,496,370 |
QCR Holdings, Inc. | 20,854 | 1,181,796 |
RBB Bancorp | 35,512 | 652,355 |
Sandy Spring Bancorp, Inc. | 71,600 | 1,678,304 |
Shore Bancshares, Inc. | 35,247 | 398,644 |
Sierra Bancorp | 29,451 | 619,060 |
Simmons First National Corp., Class A | 86,800 | 1,508,584 |
SmartFinancial, Inc. | 2,141 | 49,543 |
South Plains Financial, Inc. | 9,520 | 258,468 |
Southern First Bancshares, Inc.(a) | 10,734 | 294,863 |
Southside Bancshares, Inc. | 1,149 | 30,805 |
Synovus Financial Corp. | 38,800 | 1,539,972 |
Territorial Bancorp, Inc. | 12,700 | 101,981 |
Texas Capital Bancshares, Inc.(a) | 63,500 | 3,827,780 |
Third Coast Bancshares, Inc.(a) | 8,769 | 184,938 |
Tompkins Financial Corp. | 16,500 | 774,015 |
Towne Bank | 71,513 | 1,944,438 |
TrustCo Bank Corp. | 39,360 | 1,094,208 |
Trustmark Corp. | 19,793 | 576,966 |
UMB Financial Corp. | 43,314 | 3,570,806 |
Univest Corporation of Pennsylvania | 54,500 | 1,188,100 |
Valley National Bancorp | 161,700 | 1,152,921 |
Veritex Holdings, Inc. | 70,462 | 1,437,425 |
WaFd, Inc. | 54,425 | 1,524,444 |
Washington Trust Bancorp, Inc. | 44,200 | 1,160,250 |
Zions Bancorp | 36,400 | 1,572,116 |
Total | 125,332,650 | |
Capital Markets 1.5% | ||
Diamond Hill Investment Group, Inc. | 4,900 | 735,196 |
Donnelley Financial Solutions, Inc.(a) | 25,133 | 1,532,108 |
Evercore, Inc., Class A | 24,915 | 5,056,250 |
Federated Hermes, Inc., Class B | 45,900 | 1,522,503 |
Hamilton Lane, Inc., Class A | 19,838 | 2,489,471 |
Janus Henderson Group PLC | 49,600 | 1,661,600 |
Perella Weinberg Partners | 58,600 | 904,784 |
Piper Sandler Companies | 13,596 | 2,879,361 |
Robinhood Markets, Inc., Class A(a) | 21,870 | 457,083 |
StoneX Group, Inc.(a) | 30,075 | 2,257,730 |
6
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Virtu Financial, Inc. Class A | 65,100 | 1,432,200 |
Virtus Investment Partners, Inc. | 6,700 | 1,531,553 |
Total | 22,459,839 | |
Consumer Finance 1.3% | ||
Bread Financial Holdings, Inc. | 132,747 | 5,543,515 |
Ezcorp, Inc., Class A(a) | 88,739 | 930,872 |
Green Dot Corp., Class A(a) | 132,949 | 1,317,525 |
LendingClub Corp.(a) | 295,012 | 2,631,507 |
LendingTree, Inc.(a) | 21,704 | 933,055 |
Navient Corp. | 278,019 | 4,189,746 |
Oportun Financial Corp.(a) | 36,025 | 121,764 |
PROG Holdings, Inc. | 53,885 | 2,036,314 |
Regional Management Corp. | 6,724 | 184,910 |
SLM Corp. | 133,641 | 2,867,936 |
Total | 20,757,144 | |
Financial Services 2.1% | ||
AvidXchange Holdings, Inc.(a) | 262,607 | 2,781,008 |
Banco Latinoamericano de Comercio Exterior SA, Class E | 5,793 | 173,848 |
Corebridge Financial, Inc. | 40,200 | 1,172,634 |
Enact Holdings, Inc. | 90,512 | 2,779,624 |
Essent Group Ltd. | 26,600 | 1,508,220 |
Euronet Worldwide, Inc.(a) | 6,900 | 804,402 |
Jackson Financial, Inc., Class A | 92,351 | 7,019,599 |
Merchants Bancorp | 46,463 | 1,860,843 |
MGIC Investment Corp. | 73,200 | 1,537,200 |
Mr. Cooper Group, Inc.(a) | 14,100 | 1,175,940 |
NCR Atleos Corp.(a) | 34,550 | 961,526 |
NMI Holdings, Inc., Class A(a) | 51,800 | 1,718,724 |
Ocwen Financial Corp.(a) | 4,592 | 112,550 |
Paysafe Ltd.(a) | 97,722 | 1,776,586 |
PennyMac Financial Services, Inc. | 27,949 | 2,533,577 |
Radian Group, Inc. | 47,800 | 1,493,272 |
Remitly Global, Inc.(a) | 177,796 | 2,310,459 |
Total | 31,720,012 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Insurance 3.0% | ||
Ambac Financial Group, Inc.(a) | 69,400 | 1,229,768 |
Assured Guaranty Ltd. | 19,500 | 1,515,540 |
Axis Capital Holdings Ltd. | 22,500 | 1,662,300 |
Brighthouse Financial, Inc.(a) | 25,800 | 1,148,358 |
CNO Financial Group, Inc. | 163,239 | 4,683,327 |
Donegal Group, Inc., Class A | 8,101 | 107,257 |
eHealth, Inc.(a) | 23,995 | 142,050 |
Employers Holdings, Inc. | 69,438 | 2,928,895 |
Enstar Group Ltd.(a) | 5,500 | 1,722,270 |
Fidelis Insurance Holdings Ltd. | 90,887 | 1,506,907 |
Genworth Financial, Inc., Class A(a) | 243,215 | 1,529,822 |
Hanover Insurance Group, Inc. (The) | 11,428 | 1,507,696 |
Horace Mann Educators Corp. | 46,525 | 1,589,759 |
James River Group Holdings Ltd. | 115,380 | 901,118 |
Kemper Corp. | 26,000 | 1,555,840 |
Lincoln National Corp. | 23,000 | 758,770 |
Mercury General Corp. | 68,170 | 3,805,931 |
Oscar Health, Inc., Class A(a) | 88,147 | 1,759,414 |
ProAssurance Corp.(a) | 143,910 | 2,067,987 |
Reinsurance Group of America, Inc. | 19,346 | 4,058,791 |
RLI Corp. | 2,082 | 303,930 |
Safety Insurance Group, Inc. | 22,501 | 1,740,452 |
Selectquote, Inc.(a) | 51,040 | 159,245 |
SiriusPoint Ltd.(a) | 61,000 | 802,150 |
Skyward Specialty Insurance Group, Inc.(a) | 53,523 | 1,997,478 |
Stewart Information Services Corp. | 31,096 | 1,968,688 |
United Fire Group, Inc. | 22,723 | 505,587 |
Universal Insurance Holdings, Inc. | 46,434 | 915,214 |
White Mountains Insurance Group Ltd. | 820 | 1,481,740 |
Total | 46,056,284 | |
Mortgage Real Estate Investment Trusts (REITS) 0.3% | ||
Apollo Commercial Real Estate Finance, Inc. | 68,500 | 691,850 |
Ares Commercial Real Estate Corp. | 103,000 | 716,880 |
BrightSpire Capital, Inc. | 114,807 | 694,582 |
Granite Point Mortgage Trust, Inc. | 280,668 | 884,104 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
7
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Great Ajax Corp. | 97,755 | 331,390 |
TPG RE Finance Trust, Inc. | 87,700 | 752,466 |
Total | 4,071,272 | |
Total Financials | 250,397,201 | |
Health Care 12.4% | ||
Biotechnology 5.5% | ||
2seventy bio, Inc.(a) | 8,142 | 34,441 |
Aadi Bioscience, Inc.(a) | 1,109 | 1,996 |
ACELYRIN, Inc.(a) | 228,319 | 940,674 |
Agios Pharmaceuticals, Inc.(a) | 69,641 | 2,530,754 |
Alector, Inc.(a) | 102,474 | 504,172 |
Allogene Therapeutics, Inc.(a) | 336,916 | 842,290 |
Amicus Therapeutics, Inc.(a) | 373,143 | 3,656,801 |
Anika Therapeutics, Inc.(a) | 5,991 | 153,669 |
Apellis Pharmaceuticals, Inc.(a) | 49,604 | 1,946,957 |
Arcturus Therapeutics Holdings, Inc.(a) | 9,115 | 353,753 |
Arrowhead Pharmaceuticals, Inc.(a) | 91,752 | 2,105,708 |
ARS Pharmaceuticals, Inc.(a) | 50,724 | 450,429 |
BioCryst Pharmaceuticals, Inc.(a) | 14,900 | 96,254 |
Blueprint Medicines Corp.(a) | 50,766 | 5,358,859 |
CareDx, Inc.(a) | 186,593 | 2,427,575 |
Century Therapeutics, Inc.(a) | 2,493 | 7,404 |
Clementia Pharmaceuticals, Inc.(a),(b),(c),(d) | 134,864 | 0 |
Cullinan Therapeutics, Inc.(a) | 12,444 | 292,434 |
Cytokinetics, Inc.(a) | 30,213 | 1,465,633 |
Design Therapeutics, Inc.(a) | 50,515 | 204,586 |
Editas Medicine, Inc.(a) | 26,410 | 137,332 |
Enanta Pharmaceuticals, Inc.(a) | 8,279 | 103,239 |
Entrada Therapeutics, Inc.(a) | 13,547 | 209,572 |
Erasca, Inc.(a) | 142,175 | 358,281 |
Exelixis, Inc.(a) | 125,282 | 2,717,367 |
Fate Therapeutics, Inc.(a) | 236,948 | 871,969 |
FibroGen, Inc.(a) | 205,054 | 246,065 |
Generation Bio Co.(a) | 17,774 | 56,521 |
Halozyme Therapeutics, Inc.(a) | 114,460 | 5,069,433 |
Insmed, Inc.(a) | 88,926 | 4,895,376 |
Ironwood Pharmaceuticals, Inc.(a) | 238,351 | 1,501,611 |
iTeos Therapeutics, Inc.(a) | 77,454 | 1,296,580 |
Kodiak Sciences, Inc.(a) | 33,510 | 106,562 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Kyverna Therapeutics, Inc.(a) | 95,810 | 1,200,499 |
MacroGenics, Inc.(a) | 33,432 | 136,737 |
Natera, Inc.(a) | 48,143 | 5,128,674 |
Nurix Therapeutics, Inc.(a) | 34,870 | 549,203 |
Organogenesis Holdings, Inc.(a) | 96,316 | 264,869 |
PMV Pharmaceuticals, Inc.(a) | 49,794 | 90,625 |
Poseida Therapeutics, Inc.(a) | 131,502 | 393,191 |
PTC Therapeutics, Inc.(a) | 68,268 | 2,482,225 |
REGENXBIO, Inc.(a) | 151,401 | 2,172,604 |
Relay Therapeutics, Inc.(a) | 339,643 | 2,177,112 |
Revolution Medicines, Inc.(a) | 135,271 | 5,184,937 |
Sage Therapeutics, Inc.(a) | 100,275 | 1,114,055 |
Sangamo Therapeutics, Inc.(a) | 70,274 | 39,663 |
Sutro Biopharma, Inc.(a) | 180,401 | 762,194 |
Travere Therapeutics, Inc.(a) | 56,621 | 420,128 |
Twist Bioscience Corp.(a) | 116,962 | 4,900,708 |
Vanda Pharmaceuticals, Inc.(a) | 243,986 | 1,246,769 |
Vaxcyte, Inc.(a) | 63,279 | 4,446,615 |
Vericel Corp.(a) | 132,959 | 6,342,144 |
Verve Therapeutics, Inc.(a) | 175,055 | 908,535 |
Viking Therapeutics, Inc.(a) | 30,975 | 1,928,504 |
Vir Biotechnology, Inc.(a) | 36,009 | 369,812 |
Zymeworks, Inc.(a) | 132,326 | 1,122,125 |
Total | 84,326,225 | |
Health Care Equipment & Supplies 2.9% | ||
Alphatec Holdings, Inc.(a) | 158,938 | 1,543,288 |
Angiodynamics, Inc.(a) | 128,566 | 811,252 |
Embecta Corp. | 60,503 | 748,422 |
Establishment Labs Holdings, Inc.(a) | 56,763 | 2,964,732 |
Inari Medical, Inc.(a) | 60,117 | 3,005,850 |
Inmode Ltd.(a) | 78,800 | 1,507,444 |
Inogen, Inc.(a) | 73,287 | 608,282 |
iRhythm Technologies, Inc.(a) | 43,743 | 3,858,570 |
LeMaitre Vascular, Inc. | 130,541 | 10,297,074 |
Merit Medical Systems, Inc.(a) | 122,287 | 9,923,590 |
Neogen Corp.(a) | 404,933 | 5,324,869 |
Nevro Corp.(a) | 8,800 | 82,280 |
OraSure Technologies, Inc.(a) | 80,400 | 380,292 |
Outset Medical, Inc.(a) | 168,402 | 628,139 |
8
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
PROCEPT BioRobotics Corp.(a) | 18,730 | 1,243,672 |
Utah Medical Products, Inc. | 4,600 | 314,134 |
Zimvie, Inc.(a) | 64,036 | 1,066,199 |
Zynex, Inc.(a) | 60,700 | 616,105 |
Total | 44,924,194 | |
Health Care Providers & Services 0.8% | ||
Acadia Healthcare Co., Inc.(a) | 38,048 | 2,621,127 |
Accolade, Inc.(a) | 217,817 | 1,542,144 |
Addus HomeCare Corp.(a) | 855 | 98,163 |
Castle Biosciences, Inc.(a) | 57,848 | 1,345,544 |
National Research Corp., Class A | 51,228 | 1,438,482 |
PACS Group, Inc.(a) | 72,631 | 2,207,982 |
Progyny, Inc.(a) | 71,009 | 1,913,693 |
Select Medical Holdings Corp. | 38,700 | 1,337,085 |
Total | 12,504,220 | |
Health Care Technology 1.0% | ||
American Well Corp., Class A(a) | 431,026 | 184,005 |
Definitive Healthcare Corp.(a) | 208,593 | 1,109,715 |
Evolent Health, Inc., Class A(a) | 170,494 | 3,612,768 |
Health Catalyst, Inc.(a) | 203,978 | 1,352,374 |
HealthStream, Inc. | 9,898 | 270,116 |
Simulations Plus, Inc. | 150,114 | 7,241,499 |
TruBridge, Inc.(a) | 74,000 | 696,340 |
Veradigm, Inc.(a) | 116,271 | 1,104,575 |
Total | 15,571,392 | |
Life Sciences Tools & Services 1.4% | ||
Azenta, Inc.(a) | 85,131 | 4,299,967 |
Codexis, Inc.(a) | 72,093 | 243,674 |
Mesa Laboratories, Inc. | 39,149 | 3,746,559 |
Personalis, Inc.(a) | 35,148 | 45,692 |
Quantum-Si, Inc.(a) | 123,757 | 188,111 |
Repligen Corp.(a) | 37,765 | 5,630,384 |
Seer, Inc.(a) | 81,211 | 146,180 |
Stevanato Group SpA | 404,995 | 8,229,499 |
Total | 22,530,066 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Pharmaceuticals 0.8% | ||
Amneal Pharmaceuticals, Inc.(a) | 8,064 | 53,867 |
Arvinas, Inc.(a) | 67,269 | 2,229,295 |
Atea Pharmaceuticals, Inc.(a) | 105,243 | 386,242 |
Athira Pharma, Inc.(a) | 17,769 | 46,555 |
Biote Corp., Class A(a) | 3,100 | 20,646 |
Intra-Cellular Therapies, Inc.(a) | 65,245 | 4,387,074 |
Nektar Therapeutics(a) | 219,719 | 279,043 |
Nuvation Bio, Inc.(a) | 234,030 | 725,493 |
Phibro Animal Health Corp., Class A | 67,952 | 1,197,994 |
Revance Therapeutics, Inc.(a) | 161,476 | 458,592 |
SIGA Technologies, Inc. | 94,158 | 704,302 |
Theravance Biopharma, Inc.(a) | 109,987 | 948,088 |
WaVe Life Sciences Ltd.(a) | 25,994 | 160,643 |
Zevra Therapeutics, Inc.(a) | 39,764 | 184,902 |
Total | 11,782,736 | |
Total Health Care | 191,638,833 | |
Industrials 23.9% | ||
Aerospace & Defense 0.7% | ||
AerSale Corp.(a) | 159,000 | 1,203,630 |
Astronics Corp.(a) | 7,452 | 153,213 |
Hexcel Corp. | 64,962 | 4,473,933 |
Mercury Systems, Inc.(a) | 72,628 | 2,247,837 |
Moog, Inc., Class A | 5,300 | 897,979 |
National Presto Industries, Inc. | 9,900 | 737,352 |
V2X, Inc.(a) | 25,300 | 1,217,183 |
Total | 10,931,127 | |
Air Freight & Logistics 0.0% | ||
Radiant Logistics, Inc.(a) | 16,390 | 87,523 |
Building Products 4.1% | ||
AAON, Inc. | 259,186 | 19,451,909 |
Armstrong World Industries, Inc. | 9,500 | 1,100,100 |
AZZ, Inc. | 19,900 | 1,669,212 |
CSW Industrials, Inc. | 32,270 | 8,204,970 |
Insteel Industries, Inc. | 60,929 | 2,002,736 |
Janus International Group, Inc.(a) | 27,400 | 380,312 |
JELD-WEN Holding, Inc.(a) | 46,300 | 718,113 |
Resideo Technologies, Inc.(a) | 39,300 | 848,880 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
9
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Simpson Manufacturing Co., Inc. | 118,101 | 19,595,318 |
Trex Company, Inc.(a) | 101,785 | 8,802,367 |
Total | 62,773,917 | |
Commercial Services & Supplies 2.9% | ||
ABM Industries, Inc. | 31,900 | 1,507,913 |
ACV Auctions, Inc., Class A(a) | 171,728 | 3,065,345 |
Brady Corp., Class A | 16,700 | 1,140,109 |
Brink’s Co. (The) | 11,000 | 1,135,640 |
Casella Waste Systems, Inc., Class A(a) | 245,174 | 24,662,053 |
Ennis, Inc. | 34,000 | 715,020 |
Enviri Corp.(a) | 122,127 | 1,080,824 |
Healthcare Services Group, Inc.(a) | 104,700 | 1,128,666 |
Interface, Inc. | 140,286 | 2,260,007 |
MSA Safety, Inc. | 28,504 | 5,130,720 |
Quad/Graphics, Inc. | 51,583 | 243,472 |
Steelcase, Inc., Class A | 181,299 | 2,476,544 |
Unifirst Corp. | 2,200 | 348,920 |
Total | 44,895,233 | |
Construction & Engineering 2.0% | ||
Argan, Inc. | 21,965 | 1,551,388 |
Comfort Systems U.S.A., Inc. | 13,980 | 4,576,213 |
Construction Partners, Inc., Class A(a) | 217,684 | 12,671,386 |
Fluor Corp.(a) | 55,591 | 2,412,649 |
Limbach Holdings, Inc.(a) | 8,315 | 474,620 |
MasTec, Inc.(a) | 25,035 | 2,810,179 |
Matrix Service Co.(a) | 23,589 | 284,955 |
Primoris Services Corp. | 7,900 | 432,604 |
Tutor Perini Corp.(a) | 149,689 | 3,302,139 |
Valmont Industries, Inc. | 12,241 | 3,077,388 |
Total | 31,593,521 | |
Electrical Equipment 1.0% | ||
Bloom Energy Corp., Class A(a) | 184,675 | 3,013,896 |
NEXTracker, Inc., Class A(a) | 86,940 | 4,796,480 |
Powell Industries, Inc. | 25,281 | 4,547,041 |
Preformed Line Products Co. | 3,000 | 403,020 |
Shoals Technologies Group, Inc., Class A(a) | 142,452 | 1,121,097 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Thermon(a) | 43,500 | 1,468,560 |
Vicor Corp.(a) | 28,644 | 1,002,253 |
Total | 16,352,347 | |
Ground Transportation 0.5% | ||
ArcBest Corp. | 27,610 | 2,913,407 |
Covenant Logistics Group, Inc., Class A | 17,556 | 834,437 |
Heartland Express, Inc. | 212,278 | 2,402,987 |
Marten Transport Ltd. | 42,400 | 750,480 |
PAM Transportation Services, Inc.(a) | 16,700 | 277,554 |
Total | 7,178,865 | |
Machinery 5.8% | ||
AGCO Corp. | 15,171 | 1,628,303 |
Albany International Corp., Class A | 8,000 | 701,760 |
Astec Industries, Inc. | 37,464 | 1,217,205 |
Atmus Filtration Technologies, Inc.(a) | 116,546 | 3,594,279 |
Barnes Group, Inc. | 61,691 | 2,374,487 |
Blue Bird Corp.(a) | 10,000 | 570,100 |
Chart Industries, Inc.(a) | 19,081 | 2,996,290 |
Columbus McKinnon Corp. | 28,600 | 1,118,260 |
Douglas Dynamics, Inc. | 13,600 | 338,096 |
Enerpac Tool Group Corp. | 19,300 | 758,876 |
Esab Corp. | 31,474 | 3,236,157 |
ESCO Technologies, Inc. | 69,247 | 7,556,925 |
Federal Signal Corp. | 92,205 | 8,484,704 |
Flowserve Corp. | 34,000 | 1,689,800 |
Gates Industrial Corp. PLC(a) | 83,600 | 1,456,312 |
Greenbrier Companies, Inc. (The) | 28,732 | 1,587,443 |
Helios Technologies, Inc. | 134,406 | 6,731,053 |
Hillenbrand, Inc. | 32,700 | 1,520,223 |
Hillman Solutions Corp.(a) | 493,600 | 4,536,184 |
ITT, Inc. | 25,025 | 3,325,322 |
John Bean Technologies Corp. | 78,078 | 7,458,791 |
Kennametal, Inc. | 12,900 | 332,175 |
Lindsay Corp. | 6,700 | 769,294 |
Luxfer Holdings PLC, ADR | 5,653 | 69,645 |
Manitowoc Co., Inc. (The)(a) | 87,904 | 1,092,647 |
Mayville Engineering Co., Inc.(a) | 10,254 | 164,269 |
Miller Industries, Inc. | 9,300 | 565,440 |
Mueller Industries, Inc. | 27,900 | 1,643,589 |
10
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Mueller Water Products, Inc., Class A | 73,800 | 1,369,728 |
Omega Flex, Inc. | 20,724 | 1,227,068 |
Proto Labs, Inc.(a) | 43,607 | 1,350,509 |
RBC Bearings, Inc.(a) | 39,507 | 11,665,627 |
REV Group, Inc. | 92,162 | 2,526,160 |
Tennant Co. | 4,200 | 431,172 |
Trinity Industries, Inc. | 51,912 | 1,632,632 |
Wabash National Corp. | 50,900 | 1,150,849 |
Total | 88,871,374 | |
Passenger Airlines 0.1% | ||
Alaska Air Group, Inc.(a) | 25,600 | 1,075,712 |
JetBlue Airways Corp.(a) | 74,000 | 413,660 |
Total | 1,489,372 | |
Professional Services 3.3% | ||
Barrett Business Services, Inc. | 6,089 | 805,818 |
CBIZ, Inc.(a) | 27,130 | 2,056,997 |
Concentrix Corp. | 24,200 | 1,484,186 |
Conduent, Inc.(a) | 305,888 | 1,070,608 |
ExlService Holdings, Inc.(a) | 116,957 | 3,492,336 |
Exponent, Inc. | 152,401 | 14,496,383 |
Heidrick & Struggles International, Inc. | 65,427 | 2,242,838 |
KBR, Inc. | 17,480 | 1,147,737 |
Kelly Services, Inc., Class A | 54,339 | 1,181,330 |
Kforce, Inc. | 17,700 | 1,094,037 |
Korn/Ferry International | 24,000 | 1,582,560 |
ManpowerGroup, Inc. | 20,500 | 1,529,710 |
MAXIMUS, Inc. | 18,200 | 1,567,020 |
Mistras Group, Inc.(a) | 16,675 | 142,571 |
Paycor HCM, Inc.(a) | 450,525 | 5,572,994 |
Resources Connection, Inc. | 197,637 | 2,262,944 |
Robert Half, Inc. | 7,996 | 513,583 |
TaskUS, Inc., Class A(a) | 10,850 | 155,263 |
TrueBlue, Inc.(a) | 233,457 | 2,521,336 |
TTEC Holdings, Inc. | 54,700 | 343,516 |
UL Solutions, Inc., Class A(a) | 49,950 | 1,926,571 |
Verra Mobility Corp.(a) | 128,283 | 3,417,459 |
Total | 50,607,797 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Trading Companies & Distributors 3.5% | ||
Air Lease Corp. | 62,964 | 2,999,605 |
Applied Industrial Technologies, Inc. | 40,172 | 7,753,196 |
Boise Cascade Co. | 38,992 | 5,353,212 |
DNOW, Inc.(a) | 121,655 | 1,774,946 |
FTAI Aviation Ltd. | 51,411 | 4,334,976 |
Global Industrial Co. | 16,558 | 573,072 |
MRC Global, Inc.(a) | 39,700 | 527,613 |
Rush Enterprises, Inc., Class A | 115,019 | 5,190,785 |
SiteOne Landscape Supply, Inc.(a) | 82,812 | 12,820,954 |
Titan Machinery, Inc.(a) | 51,700 | 972,994 |
Transcat, Inc.(a) | 51,888 | 6,610,531 |
WESCO International, Inc. | 25,576 | 4,590,636 |
Total | 53,502,520 | |
Total Industrials | 368,283,596 | |
Information Technology 17.0% | ||
Communications Equipment 0.7% | ||
ADTRAN Holdings, Inc. | 128,267 | 711,882 |
Aviat Networks, Inc.(a) | 12,600 | 389,466 |
Ciena Corp.(a) | 31,246 | 1,505,120 |
Comtech Telecommunications Corp.(a) | 73,023 | 181,827 |
Digi International, Inc.(a) | 239,395 | 5,831,662 |
DZS, Inc.(a) | 9,204 | 13,530 |
NETGEAR, Inc.(a) | 92,019 | 1,270,782 |
Ribbon Communications, Inc.(a) | 135,584 | 425,734 |
Total | 10,330,003 | |
Electronic Equipment, Instruments & Components 2.7% | ||
908 Devices, Inc.(a) | 8,078 | 50,891 |
Avnet, Inc. | 30,500 | 1,665,300 |
Belden, Inc. | 17,200 | 1,645,868 |
Benchmark Electronics, Inc. | 12,400 | 534,068 |
Climb Global Solutions, Inc. | 562 | 32,354 |
Coherent Corp.(a) | 11,800 | 673,308 |
Crane NXT Co. | 26,000 | 1,643,720 |
ePlus, Inc.(a) | 20,300 | 1,519,252 |
Fabrinet(a) | 7,443 | 1,782,822 |
FARO Technologies, Inc.(a) | 52,856 | 989,993 |
IPG Photonics Corp.(a) | 17,600 | 1,526,448 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
11
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Iteris, Inc.(a) | 16,888 | 76,503 |
Itron, Inc.(a) | 15,800 | 1,699,290 |
Kimball Electronics, Inc.(a) | 52,000 | 1,191,840 |
Littelfuse, Inc. | 12,503 | 3,208,270 |
Methode Electronics, Inc. | 126,600 | 1,491,348 |
Novanta, Inc.(a) | 74,299 | 12,048,326 |
OSI Systems, Inc.(a) | 5,800 | 833,692 |
Plexus Corp.(a) | 14,976 | 1,649,457 |
Sanmina Corp.(a) | 24,600 | 1,686,084 |
Scansource, Inc.(a) | 30,924 | 1,466,725 |
TTM Technologies, Inc.(a) | 87,900 | 1,634,940 |
Vishay Intertechnology, Inc. | 66,100 | 1,561,943 |
Vontier Corp. | 38,300 | 1,531,234 |
Total | 42,143,676 | |
IT Services 0.5% | ||
Brightcove, Inc.(a) | 1,910 | 3,992 |
DigitalOcean Holdings, Inc.(a) | 69,012 | 2,556,895 |
DXC Technology Co.(a) | 106,836 | 1,661,300 |
Globant SA(a) | 11,711 | 1,886,876 |
Kyndryl Holdings, Inc.(a) | 15,573 | 414,398 |
Rackspace Technology, Inc.(a) | 286,189 | 560,930 |
Squarespace, Inc., Class A(a) | 18,393 | 809,292 |
Unisys Corp.(a) | 145,735 | 625,203 |
Total | 8,518,886 | |
Semiconductors & Semiconductor Equipment 2.2% | ||
Allegro MicroSystems, Inc.(a) | 197,401 | 5,949,666 |
Alpha & Omega Semiconductor Ltd.(a) | 43,589 | 1,277,593 |
Amkor Technology, Inc. | 24,101 | 785,452 |
Astera Labs, Inc.(a) | 10,879 | 702,131 |
Cirrus Logic, Inc.(a) | 9,800 | 1,124,060 |
Credo Technology Group Holding Ltd.(a) | 115,738 | 3,017,290 |
Diodes, Inc.(a) | 21,500 | 1,593,795 |
MACOM Technology Solutions Holdings, Inc.(a) | 17,079 | 1,727,370 |
MKS Instruments, Inc. | 21,536 | 2,726,242 |
NVE Corp. | 9,500 | 736,535 |
Onto Innovation, Inc.(a) | 22,099 | 4,788,853 |
Photronics, Inc.(a) | 41,500 | 1,135,025 |
Rambus, Inc.(a) | 85,348 | 4,716,330 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Semtech Corp.(a) | 31,200 | 1,213,368 |
SMART Global Holdings, Inc.(a) | 86,408 | 1,778,277 |
Total | 33,271,987 | |
Software 10.0% | ||
ACI Worldwide, Inc.(a) | 44,300 | 1,595,243 |
Adeia, Inc. | 81,701 | 966,523 |
Altair Engineering, Inc., Class A(a) | 147,978 | 12,922,919 |
American Software, Inc., Class A | 26,275 | 269,582 |
Appfolio, Inc., Class A(a) | 7,579 | 1,730,437 |
Blackline, Inc.(a) | 150,308 | 7,172,698 |
Box, Inc., Class A(a) | 95,832 | 2,611,422 |
CCC Intelligent Solutions Holdings, Inc.(a) | 330,000 | 3,689,400 |
Clear Secure, Inc., Class A | 100,060 | 1,690,013 |
Clearwater Analytics Holdings, Inc., Class A(a) | 370,855 | 7,038,828 |
Confluent, Inc., Class A(a) | 144,724 | 3,758,482 |
CS Disco, Inc.(a) | 38,053 | 222,610 |
CyberArk Software Ltd.(a) | 13,740 | 3,149,895 |
Descartes Systems Group, Inc. (The)(a) | 177,275 | 16,367,801 |
Digital Turbine, Inc.(a) | 156,478 | 295,743 |
Dropbox, Inc., Class A(a) | 105,366 | 2,373,896 |
Elastic NV(a) | 21,889 | 2,277,550 |
Envestnet, Inc.(a) | 34,633 | 2,268,808 |
Freshworks, Inc., Class A(a) | 195,412 | 2,516,907 |
Gitlab, Inc., Class A(a) | 42,945 | 2,026,575 |
Guidewire Software, Inc.(a) | 11,803 | 1,344,598 |
HashiCorp, Inc., Class A(a) | 120,150 | 4,034,637 |
JFrog Ltd.(a) | 76,596 | 2,464,093 |
MeridianLink, Inc.(a) | 53,340 | 990,524 |
MicroStrategy, Inc., Class A(a) | 1,043 | 1,590,043 |
Model N, Inc.(a) | 255,525 | 7,637,642 |
Nutanix, Inc., Class A(a) | 73,005 | 4,038,272 |
Olo, Inc., Class A(a) | 12,060 | 55,235 |
ON24, Inc.(a) | 46,286 | 274,939 |
PowerSchool Holdings, Inc., Class A(a) | 69,049 | 1,480,411 |
PROS Holdings, Inc.(a) | 216,040 | 6,368,859 |
Q2 Holdings, Inc.(a) | 121,120 | 7,366,518 |
Rubrik, Inc., Class A(a) | 23,911 | 728,807 |
SecureWorks Corp., Class A(a) | 7,127 | 41,550 |
SentinelOne, Inc., Class A(a) | 155,371 | 2,614,894 |
12
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Smartsheet, Inc., Class A(a) | 73,540 | 2,720,980 |
SolarWinds Corp. | 96,980 | 1,123,028 |
SPS Commerce, Inc.(a) | 69,505 | 13,073,195 |
Upland Software, Inc.(a) | 103,040 | 283,360 |
Varonis Systems, Inc.(a) | 44,522 | 1,912,665 |
Vertex, Inc.(a) | 305,091 | 10,083,258 |
Workiva, Inc., Class A(a) | 101,582 | 7,818,767 |
Xperi, Inc.(a) | 108,764 | 958,211 |
Total | 153,949,818 | |
Technology Hardware, Storage & Peripherals 0.9% | ||
CPI Card Group, Inc.(a) | 20,300 | 531,657 |
Super Micro Computer, Inc.(a) | 15,569 | 12,214,036 |
Turtle Beach Corp.(a) | 32,233 | 534,423 |
Total | 13,280,116 | |
Total Information Technology | 261,494,486 | |
Materials 3.3% | ||
Chemicals 1.5% | ||
AdvanSix, Inc. | 45,933 | 1,088,612 |
Alto Ingredients, Inc.(a) | 386,500 | 587,480 |
American Vanguard Corp. | 37,402 | 325,023 |
Balchem Corp. | 64,797 | 9,952,819 |
Cabot Corp. | 7,400 | 757,020 |
Core Molding Technologies, Inc.(a) | 44,800 | 861,952 |
Ecovyst, Inc.(a) | 323,419 | 3,007,797 |
Huntsman Corp. | 28,811 | 714,513 |
Ingevity Corp.(a) | 30,700 | 1,499,695 |
Innospec, Inc. | 8,600 | 1,124,880 |
Kronos Worldwide, Inc. | 28,856 | 410,044 |
Minerals Technologies, Inc. | 19,900 | 1,726,325 |
Origin Materials, Inc.(a) | 249,440 | 289,350 |
Rayonier Advanced Materials, Inc.(a) | 137,113 | 774,688 |
Trinseo PLC | 114,248 | 437,570 |
Valhi, Inc. | 3,117 | 60,626 |
Total | 23,618,394 | |
Construction Materials 0.3% | ||
Eagle Materials, Inc. | 10,399 | 2,416,623 |
Knife River Corp.(a) | 26,094 | 1,845,107 |
Total | 4,261,730 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Containers & Packaging 0.2% | ||
Myers Industries, Inc. | 41,600 | 657,280 |
Silgan Holdings, Inc. | 17,300 | 817,425 |
TriMas Corp. | 43,200 | 1,149,984 |
Total | 2,624,689 | |
Metals & Mining 1.1% | ||
Commercial Metals Co. | 58,100 | 3,272,192 |
Compass Minerals International, Inc. | 52,700 | 682,992 |
Haynes International, Inc. | 7,000 | 411,740 |
Kaiser Aluminum Corp. | 15,947 | 1,559,617 |
Olympic Steel, Inc. | 25,502 | 1,329,674 |
Radius Recycling, Inc., Class A | 66,092 | 1,130,834 |
Ryerson Holding Corp. | 65,880 | 1,564,650 |
SunCoke Energy, Inc. | 176,775 | 1,864,976 |
Tredegar Corp. | 133,313 | 726,556 |
Warrior Met Coal, Inc. | 52,367 | 3,583,474 |
Worthington Steel, Inc. | 10,005 | 330,065 |
Total | 16,456,770 | |
Paper & Forest Products 0.2% | ||
Clearwater Paper Corp.(a) | 7,706 | 409,497 |
Louisiana-Pacific Corp. | 19,356 | 1,774,558 |
Mercer International, Inc. | 87,200 | 828,400 |
Sylvamo Corp. | 12,400 | 884,368 |
Total | 3,896,823 | |
Total Materials | 50,858,406 | |
Real Estate 3.3% | ||
Diversified REITs 0.1% | ||
Armada Hoffler Properties, Inc. | 20,455 | 231,960 |
Empire State Realty Trust, Inc., Class A | 162,700 | 1,550,531 |
Total | 1,782,491 | |
Health Care REITs 0.0% | ||
CareTrust REIT, Inc. | 25,045 | 640,400 |
Hotel & Resort REITs 1.0% | ||
Chatham Lodging Trust | 50,394 | 426,333 |
Park Hotels & Resorts, Inc. | 128,543 | 2,038,692 |
Pebblebrook Hotel Trust | 130,423 | 1,845,486 |
RLJ Lodging Trust | 412,632 | 4,118,067 |
Multi-Manager Small Cap Equity Strategies Fund | 2024
13
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
Sunstone Hotel Investors, Inc. | 355,263 | 3,652,104 |
Xenia Hotels & Resorts, Inc. | 237,764 | 3,445,200 |
Total | 15,525,882 | |
Industrial REITs 0.2% | ||
Plymouth Industrial REIT, Inc. | 4,218 | 87,987 |
Terreno Realty Corp. | 50,874 | 2,878,451 |
Total | 2,966,438 | |
Office REITs 0.4% | ||
Easterly Government Properties, Inc. | 51,533 | 610,151 |
Equity Commonwealth(a) | 211,470 | 4,083,486 |
Orion Office REIT, Inc. | 157,878 | 592,042 |
Total | 5,285,679 | |
Real Estate Management & Development 1.3% | ||
Compass, Inc.(a) | 192,374 | 721,403 |
Cushman & Wakefield PLC(a) | 147,100 | 1,634,281 |
Douglas Elliman, Inc.(a) | 155,332 | 177,078 |
FirstService Corp. | 75,125 | 11,052,390 |
Forestar Group, Inc.(a) | 45,639 | 1,552,182 |
Howard Hughes Holdings, Inc.(a) | 11,032 | 731,422 |
Newmark Group, Inc., Class A | 166,170 | 1,729,830 |
Opendoor Technologies, Inc.(a) | 219,545 | 478,608 |
RE/MAX Holdings, Inc., Class A | 78,053 | 631,449 |
RMR Group, Inc. (The), Class A | 11,357 | 267,230 |
Seritage Growth Properties, Class A(a) | 147,600 | 776,376 |
Total | 19,752,249 | |
Retail REITs 0.2% | ||
Alexander’s, Inc. | 5,400 | 1,145,880 |
InvenTrust Properties Corp. | 65,443 | 1,621,023 |
Total | 2,766,903 | |
Specialized REITs 0.1% | ||
CubeSmart | 49,486 | 2,093,753 |
Total Real Estate | 50,813,795 | |
Utilities 1.7% | ||
Electric Utilities 0.9% | ||
Allete, Inc. | 26,100 | 1,648,215 |
Northwestern Energy Group, Inc. | 30,300 | 1,574,388 |
NRG Energy, Inc. | 63,025 | 5,105,025 |
Otter Tail Corp. | 17,300 | 1,565,131 |
Common Stocks (continued) | ||
Issuer | Shares | Value ($) |
PNM Resources, Inc. | 40,100 | 1,537,434 |
Portland General Electric Co. | 35,900 | 1,599,704 |
Total | 13,029,897 | |
Gas Utilities 0.4% | ||
Northwest Natural Holding Co. | 50,247 | 1,880,243 |
ONE Gas, Inc. | 24,700 | 1,522,261 |
Southwest Gas Holdings, Inc. | 19,900 | 1,544,041 |
Spire, Inc. | 24,700 | 1,513,863 |
Total | 6,460,408 | |
Independent Power and Renewable Electricity Producers 0.2% | ||
Vistra Corp. | 29,899 | 2,962,393 |
Multi-Utilities 0.2% | ||
Avista Corp. | 44,300 | 1,638,214 |
Black Hills Corp. | 28,500 | 1,608,825 |
Total | 3,247,039 | |
Total Utilities | 25,699,737 | |
Total Common Stocks (Cost $1,408,774,709) | 1,512,506,116 | |
Money Market Funds 2.0% | ||
Shares | Value ($) | |
Columbia Short-Term Cash Fund, 5.547%(e),(f) | 30,788,769 | 30,782,611 |
Total Money Market Funds (Cost $30,781,652) | 30,782,611 | |
Total Investments in Securities (Cost: $1,439,556,361) | 1,543,288,727 | |
Other Assets & Liabilities, Net | (4,450,315 ) | |
Net Assets | 1,538,838,412 |
14
Multi-Manager Small Cap Equity Strategies Fund | 2024
Portfolio of Investments (continued)Multi-Manager Small Cap Equity Strategies Fund, May 31, 2024 (Unaudited)
Notes to Portfolio of Investments
(a) | Non-income producing investment. |
(b) | Represents fair value as determined in good faith under procedures approved by the Board of Trustees. At May 31, 2024, the total value of these securities amounted to $0, which represents less than 0.01% of total net assets. |
(c) | Denotes a restricted security, which is subject to legal or contractual restrictions on resale under federal securities laws. Disposal of a restricted investment may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult to achieve. Private placement securities are generally considered to be restricted, although certain of those securities may be traded between qualified institutional investors under the provisions of Section 4(a)(2) and Rule 144A. The Fund will not incur any registration costs upon such a trade. These securities are valued at fair value determined in good faith under consistently applied procedures approved by the Fund’s Board of Trustees. At May 31, 2024, the total market value of these securities amounted to $0, which represents less than 0.01% of total net assets. Additional information on these securities is as follows: |
Security | Acquisition Dates | Shares | Cost ($) | Value ($) |
Clementia Pharmaceuticals, Inc. | 04/23/2019 | 134,864 | — | — |
(d) | Valuation based on significant unobservable inputs. |
(e) | The rate shown is the seven-day current annualized yield at May 31, 2024. |
(f) | As defined in the Investment Company Act of 1940, as amended, an affiliated company is one in which the Fund owns 5% or more of the company’s outstanding voting securities, or a company which is under common ownership or control with the Fund. The value of the holdings and transactions in these affiliated companies during the period ended May 31, 2024 are as follows: |
Affiliated issuers | Beginning of period($) | Purchases($) | Sales($) | Net change in unrealized appreciation (depreciation)($) | End of period($) | Realized gain (loss)($) | Dividends($) | End of period shares |
Columbia Short-Term Cash Fund, 5.547% | ||||||||
23,214,851 | 396,538,275 | (388,970,617 ) | 102 | 30,782,611 | 6,105 | 1,126,324 | 30,788,769 |
Abbreviation Legend
ADR | American Depositary Receipt |
Investments are valued using policies described in the Notes to Financial Statements in the most recent shareholder report.
Multi-Manager Small Cap Equity Strategies Fund | 2024
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