Schedule of investments

Optimum Small-Mid Cap Value Fund

June 30, 2020 (Unaudited)

	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock - 98.29%				Common Stock (continued)
Communication Services - 1.61%				Consumer Discretionary (continued)
AMC Networks Class A †	30,800	$	720,412	Wyndham Destinations	12,500	$	352,250
Cable One	1,888		3,350,917				49,422,831
Cars. Com †	56,200		323,712	Consumer Staples - 5.42%
CenturyLink	78,300		785,349	BJ’s Wholesale Club
Entercom Communications				Holdings †	109,270		4,072,493
Class A	206,300		284,694	Ingles Markets Class A	35,400		1,524,678
ViacomCBS Class B	58,700		1,368,884	Ingredion	14,500		1,203,500
WideOpenWest †	103,300		544,391	J & J Snack Foods	39,251		4,989,980
			7,378,359	J M Smucker	13,700		1,449,597
Consumer Discretionary - 10.76%				Lamb Weston Holdings	37,375		2,389,384
1-800-Flowers. com Class A †	110,280		2,207,806	Molson Coors Beverage
American Axle &				Class B	46,900		1,611,484
Manufacturing Holdings †	114,200		867,920	Nomad Foods (United
American Eagle Outfitters	58,300		635,470	Kingdom) †	240,350		5,155,507
Bloomin’ Brands	275,899		2,941,083	Pilgrim’s Pride †	42,100		711,069
BorgWarner	41,200		1,454,360	Universal	25,300		1,075,503
Brinker International	33,200		796,800	Weis Markets	14,500		726,740
Brunswick	21,300		1,363,413				24,909,935
Capri Holdings †	15,000		234,450	Energy - 2.31%
Carter’s	55,505		4,479,253	Arch Resources	10,300		292,623
Columbia Sportswear	32,135		2,589,438	Gulfport Energy †	150,700		164,263
Cooper-Standard Holdings †	2,114		28,011	HollyFrontier	48,400		1,413,280
Dick’s Sporting Goods	47,100		1,943,346	Laredo Petroleum †	5,360		74,290
Foot Locker	41,900		1,221,804	Parsley Energy Class A	287,461		3,070,083
Goodyear Tire & Rubber	70,000		626,150	PBF Energy Class A	50,100		513,024
Harley-Davidson	43,800		1,041,126	PDC Energy †	20,287		252,370
Haverty Furniture	43,900		702,400	Southwestern Energy †	230,000		588,800
Installed Building Products †	2,120		145,814	W&T Offshore †	179,300		408,804
Kohl’s	36,100		749,797	World Fuel Services	33,400		860,384
Lear	11,700		1,275,534	WPX Energy †	464,960		2,966,445
Malibu Boats Class A †	23,400		1,215,630				10,604,366
MDC Holdings	50,600		1,806,420
Nordstrom	28,400		439,916	Financials - 23.38%
Office Depot	174,900		411,015	Ally Financial	91,200		1,808,496
Papa John’s International	43,223		3,432,338	American Financial Group	18,100		1,148,626
Penske Automotive Group	19,700		762,587	Annaly Capital Management	139,300		913,808
PulteGroup	53,000		1,803,590	Apollo Commercial Real
PVH	16,200		778,410	Estate Finance	77,600		761,256
Shoe Carnival	31,500		922,005	Ares Capital	66,600		962,370
Signet Jewelers	12,800		131,456	Ares Management Class A	130,940		5,198,318
Sonic Automotive Class A	165,919		5,294,475	Argo Group International
Tenneco Class A †	26,400		199,584	Holdings (Bermuda)	111,280		3,875,882
Thor Industries	10,600		1,129,218	Associated Banc-Corp	121,500		1,662,120
Toll Brothers	49,500		1,613,205	Assurant	53,020		5,476,436
Whirlpool	10,600		1,373,018	Assured Guaranty (Bermuda)	34,400		839,704
				Banco Latinoamericano de
Williams-Sonoma	29,920		2,453,739	Comercio Exterior
				(Panama) Class E	23,105		265,707

(continues) NQ-OPTSV [6/20] 8/20 (1294485) 1

Schedule of investments

Optimum Small-Mid Cap Value Fund (Unaudited)

	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock (continued)				Common Stock (continued)
Financials (continued)				Financials (continued)
BankUnited	34,200	$	692,550	White Mountains Insurance
Berkshire Hills Bancorp	44,099		485,971	Group	5,565	$	4,941,553
BOK Financial	62,098		3,504,811	Zions Bancorp	74,400		2,529,600
Cathay General Bancorp	33,600		883,680				107,374,069
CIT Group	61,800		1,281,114	Healthcare - 6.37%
CNA Financial	60,200		1,935,430	Catalyst Pharmaceuticals †	13,800		63,756
CNO Financial Group	127,400		1,983,618	DaVita †	15,300		1,210,842
Customers Bancorp †	37,700		453,154	Envista Holdings †	135,327		2,854,046
Essent Group	10,800		391,716	Five Star Senior Living †	8,354		32,581
Everest Re Group	27,425		5,655,035	Innoviva †	86,900		1,214,862
First American Financial	26,500		1,272,530	Integra LifeSciences
First Busey	45,200		842,980	Holdings †	48,745		2,290,528
First Hawaiian	347,265		5,986,849	Jazz Pharmaceuticals †	20,160		2,224,454
First Horizon National	200,800		1,999,968	Lannett †	44,200		320,892
FS KKR Capital	57,750		808,500	Lantheus Holdings †	56,200		803,660
Hancock Whitney	31,300		663,560	MEDNAX †	32,100		548,910
Hanmi Financial	56,800		551,528	Merit Medical Systems †	87,737		4,005,194
Heritage Insurance Holdings	27,300		357,357	Owens & Minor	67,900		517,398
Hope Bancorp	122,400		1,128,528	PerkinElmer	39,700		3,894,173
Houlihan Lokey	42,700		2,375,828	Quest Diagnostics	11,600		1,321,936
Ladder Capital	79,394		643,091	Select Medical Holdings †	83,200		1,225,536
Lazard Class A	38,000		1,087,940	STERIS	24,510		3,760,814
Legg Mason	2,800		139,300	United Therapeutics †	10,700		1,294,700
Lincoln National	33,300		1,225,107	Universal Health Services
Meta Financial Group	19,400		352,498	Class B	17,920		1,664,589
MGIC Investment	524,610		4,296,556				29,248,871
Moelis & Co. Class A	68,705		2,140,848
New Mountain Finance	71,900		667,951	Industrials - 13.77%
Oaktree Specialty Lending	4,294		19,194	ACCO Brands	146,000		1,036,600
OFG Bancorp	60,700		811,559	Acuity Brands	13,900		1,330,786
Preferred Bank	26,200		1,122,670	Alaska Air Group	24,800		899,248
Prospect Capital	160,841		821,898	Allison Transmission Holdings	55,500		2,041,290
Radian Group	69,500		1,077,945	Apogee Enterprises	36,200		834,048
Reinsurance Group of				Atlas Air Worldwide
America	21,200		1,662,928	Holdings †	24,100		1,037,023
Santander Consumer USA				AZZ	400		13,728
Holdings	88,500		1,629,285	BMC Stock Holdings †	93,590		2,352,853
South State	93,415		4,452,159	Briggs & Stratton	39,700		52,007
Synovus Financial	55,900		1,147,627	Curtiss-Wright	53,510		4,777,373
TCF Financial	218,041		6,414,766	Deluxe	29,800		701,492
Universal Insurance Holdings	41,300		733,075	Ennis	45,800		830,812
Unum Group	75,700		1,255,863	Hawaiian Holdings	45,300		636,012
Veritex Holdings	55,200		977,040	HD Supply Holdings †	24,500		848,925
Voya Financial	25,200		1,175,580	Herman Miller	46,400		1,095,504
Washington Federal	184,847		4,961,293	Howmet Aerospace	36,000		570,600
Western Alliance Bancorp	129,900		4,919,313	Hubbell	40,120		5,029,443
				Huntington Ingalls Industries	29,810		5,201,547
				IAA †	118,110		4,555,503

2 NQ-OPTSV [6/20] 8/20 (1294485)

(Unaudited)
	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock (continued)				Common Stock (continued)
Industrials (continued)				Materials - 6.96%
JetBlue Airways †	109,300	$	1,191,370	Albemarle	64,637	$	4,990,623
KAR Auction Services	276,145		3,799,755	Arconic †	9,000		125,370
ManpowerGroup	26,300		1,808,125	Berry Global Group †	1,250		55,400
MasTec †	18,400		825,608	Cabot	26,400		978,120
Oshkosh	24,800		1,776,176	Celanese	22,700		1,959,918
Owens Corning	22,400		1,249,024	Chemours	49,500		759,825
Pentair (United Kingdom)	96,687		3,673,139	Cleveland-Cliffs	135,400		747,408
Pitney Bowes	45,300		117,780	Domtar	32,500		686,075
Quanta Services	41,400		1,624,122	Eagle Materials	52,489		3,685,778
Regal Beloit	17,600		1,536,832	Eastman Chemical	15,700		1,093,348
Snap-on	7,600		1,052,676	Greif Class A	34,400		1,183,704
Spirit AeroSystems Holdings				Huntsman	343,851		6,179,002
Class A	44,300		1,060,542	Kronos Worldwide	56,100		584,001
Terex	34,700		651,319	O-I Glass	59,800		537,004
Textron	33,800		1,112,358	Reliance Steel & Aluminum	21,500		2,040,995
Timken	37,000		1,683,130	RPM International	33,195		2,491,617
Trinity Industries	47,700		1,015,533	Schweitzer-Mauduit
Triton International	43,700		1,321,488	International	32,700		1,092,507
Wabash National	93,400		991,908	Silgan Holdings	200		6,478
Woodward	37,890		2,938,369	Steel Dynamics	26,600		693,994
			63,274,048	Trinseo	31,700		702,472
Information Technology - 10.52%				Westrock	48,000		1,356,480
Amdocs	90,620		5,516,946				31,950,119
Arrow Electronics †	18,700		1,284,503	Real Estate - 12.09%
Booz Allen Hamilton Holding	37,934		2,950,886	Alexander & Baldwin	203,245		2,477,557
CACI International Class A †	20,750		4,500,260	Americold Realty Trust	150,186		5,451,752
Ciena †	47,800		2,588,848	Apple Hospitality REIT	68,979		666,337
Cirrus Logic †	10,400		642,512	Brandywine Realty Trust	215,175		2,343,256
CSG Systems International	18,200		753,298	Brixmor Property Group	121,300		1,555,066
Diodes †	37,800		1,916,460	CBL & Associates Properties †	63,700		17,365
Ebix	40,273		900,504	City Office REIT (Canada)	93,700		942,622
Genpact	71,125		2,597,485	CoreCivic	56,200		526,032
Jabil	74,000		2,373,920	Diversified Healthcare Trust	123,300		545,603
Juniper Networks	67,300		1,538,478	First Industrial Realty Trust	124,520		4,786,549
Methode Electronics	33,100		1,034,706	Franklin Street Properties	93,612		476,485
Monolithic Power Systems	17,235		4,084,695	Gaming and Leisure
NCR †	67,500		1,169,100	Properties	54,494		1,885,492
ON Semiconductor †	139,500		2,764,890	Hudson Pacific Properties	196,205		4,936,518
Sanmina †	59,300		1,484,872	Industrial Logistics Properties
Seagate Technology	17,100		827,811	Trust	63,789		1,310,864
SYNNEX	8,900		1,065,953	Kite Realty Group Trust	75,900		875,886
Teradyne	15,600		1,318,356	Lexington Realty Trust	107,900		1,138,345
TTM Technologies †	84,100		997,426	National Health Investors	20,100		1,220,472
Ultra Clean Holdings †	11,200		253,456	National Storage Affiliates
Viavi Solutions †	292,740		3,729,508	Trust	82,345		2,360,008
Western Union	51,400		1,111,268	Office Properties Income Trust	45,688		1,186,517
Xerox Holdings	61,300		937,277	Omega Healthcare Investors	39,200		1,165,416
			48,343,418	Outfront Media	75,200		1,065,584

(continues) NQ-OPTSV [6/20] 8/20 (1294485) 3

Schedule of investments

Optimum Small-Mid Cap Value Fund (Unaudited)

	Number of		Value		Number of		Value
	shares		(US $)		shares		(US $)
Common Stock (continued)				Short-Term Investments (continued)
Real Estate (continued)				Money Market Mutual Funds (continued)
Paramount Group	116,400	$	897,444	GS Financial Square
Physicians Realty Trust	340,195		5,960,216	Government Fund -
Piedmont Office Realty Trust				Institutional Shares
Class A	78,300		1,300,563	(seven-day effective yield
Preferred Apartment				0.15%)	1,024,473	$	1,024,473
Communities Class A	72,100		547,960	Morgan Stanley Government
Retail Properties of America				Portfolio - Institutional
Class A	73,900		540,948	Share Class (seven-day
Retail Value	5,404		66,793	effective yield 0.03%)	1,024,473		1,024,473
RPT Realty	104,000		723,840	State Street Institutional US
Service Properties Trust	104,300		739,487	Government Money Market
				Fund - Investor Class
SITE Centers	50,650		410,265	(seven-day effective yield
STAG Industrial	176,200		5,166,184	0.04%)	1,024,473		1,024,473
Summit Hotel Properties	63,000		373,590	Total Short-Term
VEREIT	205,200		1,319,436	Investments
Xenia Hotels & Resorts	60,500		564,465	(cost $5,122,366)			5,122,366
			55,544,917
Utilities - 5.10%				Total Value of
AES	44,700		647,703	Securities - 99.41%
Alliant Energy	136,617		6,535,757	(cost $518,350,526)			456,615,732
Avista	103,690		3,773,279	Receivables and Other
IDACORP	80,930		7,070,854	Assets Net of
National Fuel Gas	55,200		2,314,536	Liabilities - 0.59%			2,718,231
NRG Energy	52,900		1,722,424	Net Assets Applicable to
Vistra	74,000		1,377,880	43,424,905 Shares
			23,442,433	Outstanding - 100.00%		$	459,333,963
Total Common Stock				† Non-income producing security.
(cost $513,228,160)			451,493,366
				Summary of abbreviations:
Short-Term Investments - 1.12%				GS - Goldman Sachs
Money Market Mutual Funds - 1.12%				REIT - Real Estate Investment Trust
BlackRock FedFund -
Institutional Shares
(seven-day effective yield
0.10%)	1,024,474		1,024,474
Fidelity Investments Money
Market Government
Portfolio - Class I
(seven-day effective yield
0.06%)	1,024,473		1,024,473

4 NQ-OPTSV [6/20] 8/20 (1294485)