Southern Co/The

optlv-optimum_lcvf.htm - Generated by SEC Publisher for SEC Filing

Schedule of investments

Optimum Large Cap Value Fund

December 31, 2019 (Unaudited)


	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock - 98.55% ✧				Common Stock ✧ (continued)
Communication Services - 7.43%				Energy (continued)
Alphabet Class A †	7,003	$	9,379,748	Pioneer Natural Resources	22,367	$	3,385,693
AT&T	594,417		23,229,816	Suncor Energy (Canada)	217,142		7,116,833
Comcast Class A	945,088		42,500,607				100,439,993
Discovery Class A †	386,037		12,638,851	Financials - 27.05%
Omnicom Group	15,899		1,288,137	Allstate	75,027		8,436,786
Verizon Communications	477,340		29,308,676	American Express	111,402		13,868,435
Walt Disney	77,991		11,279,838	Aon (United Kingdom)	97,950		20,402,005
			129,625,673	Bank of America	895,948		31,555,289
Consumer Discretionary - 2.66%				Bank of New York Mellon	149,567		7,527,707
Aptiv	81,146		7,706,436	Berkshire Hathaway Class B †	45,016		10,196,124
Best Buy	85,323		7,491,359	BlackRock	16,663		8,376,490
BorgWarner	95,049		4,123,226	Charles Schwab	180,145		8,567,696
Hanesbrands	42,906		637,154	Chubb (Switzerland)	116,173		18,083,489
Harley-Davidson	24,294		903,494	Citigroup	278,196		22,225,078
Lear	11,203		1,537,052	Discover Financial Services	142,489		12,085,917
PVH	88,389		9,294,103	E*TRADE Financial	165,694		7,517,537
Royal Caribbean Cruises	109,651		14,639,505	Goldman Sachs Group	63,188		14,528,817
			46,332,329	Hartford Financial Services
Consumer Staples - 7.96%				Group	207,370		12,601,875
Altria Group	80,215		4,003,531	Intercontinental Exchange	114,323		10,580,594
Archer-Daniels-Midland	103,296		4,787,770	JPMorgan Chase & Co.	585,413		81,606,572
Colgate-Palmolive	23,351		1,607,483	Marsh & McLennan	116,086		12,933,141
Danone (France)	45,712		3,789,234	Moody’s	29,113		6,911,717
Diageo (United Kingdom)	294,133		12,469,422	Nasdaq	95,281		10,204,595
JM Smucker	27,336		2,846,498	PNC Financial Services Group	79,836		12,744,221
Kimberly-Clark	115,763		15,923,201	Prudential Financial	151,256		14,178,737
Mondelez International				State Street	256,412		20,282,189
Class A	208,235		11,469,584	T Rowe Price Group	34,903		4,252,582
Nestle (Switzerland)	134,493		14,560,921	Travelers	166,068		22,743,013
PepsiCo	140,215		19,163,184	Truist Financial	436,753		24,597,929
Philip Morris International	137,127		11,668,136	US Bancorp	319,362		18,934,973
Procter & Gamble	220,522		27,543,198	Wells Fargo & Co.	475,493		25,581,523
Reckitt Benckiser Group				Willis Towers Watson	51,448		10,389,409
(United Kingdom)	45,425		3,687,817				471,914,440
Tyson Foods Class A	58,268		5,304,719	Healthcare - 14.64%
			138,824,698	Abbott Laboratories	129,841		11,277,989
Energy - 5.76%				Biogen †	20,552		6,098,395
Chevron	218,107		26,284,075	Cigna	133,008		27,198,806
ConocoPhillips	180,140		11,714,504	Danaher	102,022		15,658,337
Diamondback Energy	127,268		11,818,106	Eli Lilly & Co.	66,125		8,690,809
EOG Resources	190,376		15,945,894	Gilead Sciences	120,707		7,843,541
Exxon Mobil	73,573		5,133,924	Hill-Rom Holdings	90,011		10,218,949
Marathon Petroleum	152,320		9,177,280	Johnson & Johnson	276,344		40,310,299
Phillips 66	88,535		9,863,684	McKesson	41,768		5,777,350
				Medtronic (Ireland)	407,444		46,224,522
				Merck & Co.	242,183		22,026,544

(continues) NQ-OPTLV [12/19] 2/20 (1082622) 1

Schedule of investments

Optimum Large Cap Value Fund (Unaudited)


	Number of		Value		Number of	Value
	shares		(US $)		shares	(US $)
Common Stock ✧ (continued)				Common Stock ✧ (continued)
Healthcare (continued)				Materials - 3.38%
Novartis (Switzerland)	20,835	$	1,972,858	Air Products & Chemicals	47,156$	11,081,188
Pfizer	427,377		16,744,631	CF Industries Holdings	114,807	5,480,886
Roche Holding (Switzerland)	12,226		3,973,484	Corteva	34,351	1,015,416
Thermo Fisher Scientific	73,563		23,898,412	DuPont de Nemours	106,038	6,807,640
UnitedHealth Group	25,453		7,482,673	Huntsman	325,698	7,868,864
			255,397,599	PPG Industries	128,747	17,186,437
Industrials - 13.47%				Sherwin-Williams	16,433	9,589,313
3M	41,937		7,398,526			59,029,744
Canadian National Railway				Real Estate - 2.34%
(Canada)	52,413		4,740,756	AvalonBay Communities	28,812	6,041,876
Caterpillar	66,486		9,818,652	Boston Properties	78,407	10,809,189
Delta Air Lines	207,167		12,115,126	Equity LifeStyle Properties	64,516	4,541,281
Eaton	110,347		10,452,068	Highwoods Properties	99,248	4,854,220
Equifax	52,216		7,316,506	Prologis	131,670	11,737,064
Honeywell International	147,977		26,191,929	Public Storage	13,598	2,895,830
Illinois Tool Works	82,769		14,867,795			40,879,460
Ingersoll-Rand	131,842		17,524,439	Utilities - 5.90%
Johnson Controls
International	247,627		10,080,895	American Electric Power	166,334	15,720,226
Lockheed Martin	45,890		17,868,648	DTE Energy	106,108	13,780,246
Northrop Grumman	85,906		29,549,087	Duke Energy	312,857	28,535,687
Owens Corning	104,918		6,832,260	FirstEnergy	245,662	11,939,173
Quanta Services	277,170		11,283,591	Southern	253,432	16,143,618
Stanley Black & Decker	60,087		9,958,819	Xcel Energy	265,503	16,856,785
Textron	121,755		5,430,273			102,975,735
Union Pacific	62,407		11,282,562	Total Common Stock
United Technologies	83,333		12,479,950	(cost $1,274,894,853)		1,719,261,621
Waste Management	85,469		9,740,047
			234,931,929	Short-Term Investments - 1.34%
Information Technology - 7.96%				Money Market Mutual Funds - 1.34%
Accenture Class A (Ireland)	112,811		23,754,612	BlackRock
Analog Devices	46,819		5,563,970	FedFund - Institutional
Broadcom	45,657		14,428,525	Shares (seven-day effective
Cisco Systems	222,141		10,653,882	yield 1.52%)	4,694,279	4,694,279
Cognizant Technology				Fidelity Investments Money
Solutions Class A	53,738		3,332,831	Market Government
Fidelity National Information				Portfolio - Class I
Services	82,631		11,493,146	(seven-day effective yield
Fiserv †	113,160		13,084,691	1.49%)	4,694,279	4,694,279
Intel	127,769		7,646,975	GS Financial Square
Microsoft	53,029		8,362,673	Government
				Fund - Institutional Shares
NXP Semiconductors				(seven-day effective yield
(Netherlands)	31,236		3,975,093	1.51%)	4,694,279	4,694,279
ON Semiconductor †	477,450		11,640,231	Morgan Stanley Government
Oracle	118,683		6,287,825	Portfolio - Institutional
Texas Instruments	145,651		18,685,567	Share Class (seven-day
			138,910,021	effective yield 1.48%)	4,694,279	4,694,279

2 NQ-OPTLV [12/19] 2/20 (1082622)


(Unaudited)


	Number of		Value
	shares		(US $)	✧ Narrow industries are utilized for compliance purposes for diversification
				whereas broad sectors are used for financial reporting.
Short-Term Investments (continued)				† Non-income producing security.
Money Market Mutual Funds (continued)
State Street Institutional US				GS - Goldman Sachs
Government Money Market
Fund - Investor Class
(seven-day effective yield
1.45%)	4,694,279	$	4,694,279
Total Short-Term
Investments
(cost $23,471,395)			23,471,395

Total Value of
Securities - 99.89%
(cost $1,298,366,248)			1,742,733,016
Receivables and Other
Assets Net of
Liabilities - 0.11%			1,862,958
Net Assets Applicable to
98,913,323 Shares
Outstanding - 100.00%		$	1,744,595,974

(continues) NQ-OPTLV [12/19] 2/20 (1082622) 3