NPORT-EX 2 wcmfemsoi33124.htm
WCM Focused Emerging Markets Fund
SCHEDULE OF INVESTMENTS
As of March 31, 2024 (Unaudited) 

Number
of Shares
  Value
  COMMON STOCKS — 99.3%  
  ARGENTINA — 2.3%  
115,781 Globant S.A.* $23,376,184
  BRAZIL — 10.8%  
1,385,600 Equatorial Energia S.A. 8,992,559
3,839,600 GPS Participacoes e Empreendimentos S.A. 15,862,446
1,831,979 Localiza Rent a Car S.A. 19,973,005
3,866,347 NU Holdings Ltd. - Class A* 46,125,520
1,772,800 Porto Seguro S.A. 11,056,583
1,508,100 TOTVS S.A. 8,533,692
    110,543,805
  CANADA — 3.4%  
774,544 Celestica, Inc.* 34,808,007
  CHINA — 12.8%  
15,395,000 China Overseas Property Holdings Ltd. 8,516,827
392,806 Eastroc Beverage Group Co., Ltd. - Class A 10,235,511
57,300 Kweichow Moutai Co., Ltd. - Class A 13,490,691
8,844,500 Li Ning Co., Ltd. 23,504,274
2,279,473 Qingdao Haier Biomedical Co., Ltd. - Class A 8,928,659
5,438,740 Shenzhen H&T Intelligent Control Co., Ltd. - Class A 9,338,604
3,722,820 Shenzhou International Group Holdings Ltd. 35,245,239
9,066,000 TravelSky Technology, Ltd. - Class H 10,980,807
508,977 ZTO Express Cayman, Inc. - ADR 10,657,978
    130,898,590
  HONG KONG — 4.9%  
3,202,646 AIA Group Ltd. 21,502,644
405,717 Hong Kong Exchanges & Clearing Ltd. 11,808,294
1,227,385 Techtronic Industries Co., Ltd. 16,638,203
    49,949,141
  INDIA — 12.6%  
7,432,806 Bharat Electronics Ltd. 17,957,620
452,977 Divi's Laboratories Ltd. 18,712,169
2,508,187 ICICI Bank Ltd. 32,879,120
1,326,403 Intellect Design Arena Ltd. 17,443,108
1,163,724 Kotak Mahindra Bank Ltd. 24,913,272
7,798,173 Zomato Ltd. 17,026,436
    128,931,725
  INDONESIA — 4.4%  
42,146,975 Bank Central Asia Tbk P.T. 26,782,136

WCM Focused Emerging Markets Fund
SCHEDULE OF INVESTMENTS - Continued
As of March 31, 2024 (Unaudited) 

Number
of Shares
  Value
  COMMON STOCKS (Continued)  
  INDONESIA (Continued)  
39,224,800 Bank Mandiri Persero Tbk P.T. $17,936,285
    44,718,421
  KAZAKSTAN — 1.3%  
106,162 Kaspi.KZ JSC - ADR 13,656,680
  MEXICO — 5.2%  
891,442 Grupo Aeroportuario del Pacifico S.A.B. de C.V. - Class B 14,317,659
2,057,000 Qualitas Controladora S.A.B. de C.V. 23,936,158
3,688,289 Wal-Mart de Mexico S.A.B. de C.V. 14,864,529
    53,118,346
  PERU — 2.4%  
148,306 Credicorp Ltd. 25,127,486
  POLAND — 2.1%  
122,136 Dino Polska S.A.* 11,854,925
649,501 InPost S.A.* 10,009,841
    21,864,766
  RUSSIA — 0.0%  
15,336,645 Moscow Exchange MICEX-RTS PJSC1
  SAUDI ARABIA — 2.3%  
336,058 Bupa Arabia for Cooperative Insurance Co. 23,637,408
  SINGAPORE — 1.8%  
6,009,790 Grab Holdings Ltd. - Class A* 18,870,741
  SOUTH AFRICA — 5.7%  
171,912 Capitec Bank Holdings Ltd. 19,022,780
219,829 Naspers Ltd. - N Shares 38,969,739
    57,992,519
  SOUTH KOREA — 7.5%  
920,336 Coupang, Inc.* 16,372,777
999,483 Samsung Electronics Co., Ltd. 59,987,541
    76,360,318
  TAIWAN — 14.2%  
389,629 Airtac International Group 13,513,778
770,000 Jentech Precision Industrial Co., Ltd. 21,726,061

WCM Focused Emerging Markets Fund
SCHEDULE OF INVESTMENTS - Continued
As of March 31, 2024 (Unaudited) 

Number
of Shares
  Value
  COMMON STOCKS (Continued)  
  TAIWAN (Continued)  
4,583,000 Taiwan Semiconductor Manufacturing Co., Ltd. $110,123,174
    145,363,013
  THAILAND — 1.9%  
101,318 Fabrinet* 19,151,128
  UNITED KINGDOM — 0.8%  
309,728 Wizz Air Holdings PLC* 8,389,200
  UNITED STATES — 2.9%  
108,047 EPAM Systems, Inc.* 29,838,260
  TOTAL COMMON STOCKS  
  (Cost $958,990,166) 1,016,595,738
    
Principal
Amount
   
  BANK DEPOSIT INVESTMENTS — 1.3%  
$12,978,690 UMB Bank, Money Market Special II, 5.18%2 12,978,690
  TOTAL BANK DEPOSIT INVESTMENTS  
  (Cost $12,978,690) 12,978,690
  TOTAL INVESTMENTS — 100.6%  
  (Cost $971,968,856) 1,029,574,428
  Liabilities in Excess of Other Assets — (0.6)% (6,098,349)
  TOTAL NET ASSETS — 100.0% $1,023,476,079
    
ADR – American Depository Receipt
JSC – Joint Stock Company
PJSC – Public Joint Stock Company
PLC – Public Limited Company
    
* Non-income producing security.
1 Level 3 securities fair valued under procedures established by the Board of Trustees, represents 0.00% of Total Net Assets.  The total value of these securities is $0.
2 The rate is the annualized seven-day yield at period end.