The Olstein Strategic Opportunities Fund
|
||||||||
Schedule of Investments
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||||||||
as of March 31, 2024 (Unaudited)
|
||||||||
COMMON STOCKS - 95.2%
|
Shares
|
Value
|
||||||
Auto Components - 2.2%
|
||||||||
Miller Industries, Inc.
|
39,000
|
$
|
1,953,900
|
|||||
Auto Manufacturers - 3.9%
|
||||||||
Blue Bird Corporation (a)
|
92,000
|
3,527,280
|
||||||
Automobiles - 1.5%
|
||||||||
Winnebago Industries, Inc. (b)
|
17,500
|
1,295,000
|
||||||
Banks - 2.4%
|
||||||||
First Hawaiian, Inc.
|
98,000
|
2,152,080
|
||||||
Commercial Banks - 7.7%
|
||||||||
Citizens Financial Group, Inc.
|
80,783
|
2,931,615
|
||||||
Home BancShares, Inc. (b)
|
87,000
|
2,137,590
|
||||||
Prosperity Bancshares, Inc.
|
28,000
|
1,841,840
|
||||||
6,911,045
|
||||||||
Commercial Services & Supplies - 7.9%
|
||||||||
ABM Industries, Inc.
|
64,000
|
2,855,680
|
||||||
Brady Corporation - Class A
|
37,000
|
2,193,360
|
||||||
Korn Ferry
|
30,586
|
2,011,335
|
||||||
7,060,375
|
||||||||
Diversified Financial Services - 2.9%
|
||||||||
Invesco Ltd.
|
155,950
|
2,587,211
|
||||||
Electronic Equipment, Instruments & Components - 4.4%
|
||||||||
Vishay Intertechnology, Inc.(b)
|
104,000
|
2,358,720
|
||||||
Vontier Corp.
|
34,900
|
1,583,064
|
||||||
3,941,784
|
||||||||
Electronics - 3.8%
|
||||||||
Sensata Technologies Holding PLC
|
94,500
|
3,471,930
|
||||||
Entertainment - 1.7%
|
||||||||
Warner Bros Discovery, Inc.(a)(b)
|
175,200
|
1,529,496
|
||||||
Health Care Equipment & Supplies - 2.1%
|
||||||||
Zimmer Biomet Holdings, Inc.(b)
|
14,400
|
1,900,512
|
||||||
Health Care Products - 3.9%
|
||||||||
Integra LifeSciences Holdings Corporation(a)(b)
|
100,000
|
3,545,000
|
||||||
Hotels, Restaurants & Leisure - 2.5%
|
||||||||
Denny's Corporation(a)
|
252,413
|
2,261,621
|
||||||
Household Durables - 6.7%
|
||||||||
Central Garden & Pet Company - Class A(a)
|
83,000
|
3,064,360
|
||||||
Mohawk Industries, Inc.(a)
|
22,750
|
2,977,747
|
||||||
6,042,107
|
||||||||
Household Products - 2.2%
|
||||||||
Reynolds Consumer Products, Inc.
|
71,050
|
2,029,188
|
||||||
Industrial Equipment Wholesale - 3.3%
|
||||||||
WESCO International, Inc.
|
17,450
|
2,988,836
|
||||||
Leisure Products - 2.6%
|
||||||||
Johnson Outdoors, Inc. - Class A(b)
|
51,000
|
2,351,610
|
||||||
Machinery - 13.8%
|
||||||||
Douglas Dynamics, Inc.
|
44,000
|
1,061,280
|
||||||
Gates Industrial Corporation PLC(a)
|
204,000
|
3,612,840
|
||||||
Graham Corporation(a)
|
48,000
|
1,309,440
|
||||||
Middleby Corporation(a)
|
9,000
|
1,447,110
|
||||||
Shyft Group, Inc.
|
285,000
|
3,539,700
|
||||||
Timken Company
|
17,000
|
1,486,310
|
||||||
12,456,680
|
||||||||
Materials - 1.5%
|
||||||||
Axalta Coating Systems Ltd.(a)
|
40,200
|
1,382,478
|
||||||
Pharmaceuticals - 3.1%
|
||||||||
Prestige Consumer Healthcare, Inc.(a)(b)
|
39,000
|
2,829,840
|
||||||
Professional Services - 1.0%
|
||||||||
First Advantage Corp.(b)
|
57,000
|
924,540
|
||||||
Real Estate Management & Development - 5.2%
|
||||||||
Cushman & Wakefield PLC(a)
|
233,000
|
2,437,180
|
||||||
Jones Lang LaSalle, Inc.(a)
|
11,680
|
2,278,651
|
||||||
4,715,831
|
||||||||
Restaurants - 5.0%
|
||||||||
Cracker Barrel Old Country Store, Inc.(b)
|
20,004
|
1,454,891
|
||||||
Dine Brands Global, Inc.
|
66,400
|
3,086,272
|
||||||
4,541,163
|
||||||||
Semiconductors & Semiconductor Equipment - 2.6%
|
||||||||
Kulicke and Soffa Industries, Inc.
|
47,000
|
2,364,570
|
||||||
Transportation Equipment - 1.3%
|
||||||||
Wabash National Corporation(b)
|
38,000
|
1,137,720
|
||||||
TOTAL COMMON STOCKS (Cost $76,524,836)
|
85,901,796
|
|||||||
SHORT-TERM INVESTMENTS - 13.0%
|
||||||||
Investments Purchased with Proceeds
from Securities Lending - 13.0%
|
Shares
|
|||||||
Mount Vernon Liquid Assets Portfolio, LLC, 5.44%(c)
|
11,722,642
|
11,722,642
|
||||||
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,722,642)
|
11,722,642
|
|||||||
TOTAL INVESTMENTS - 108.2% (Cost
$88,247,478)
|
$
|
97,624,438
|
||||||
Money Market Deposit Account - 4.2%(d)
|
3,798,020
|
|||||||
Liabilities in Excess of Other Assets - (12.4)%
|
(11,222,257
|
)
|
||||||
TOTAL NET ASSETS - 100.0%
|
$
|
90,200,201
|
||||||
Percentages are stated as a percent of net assets.
|
(a)
|
Non-income producing security.
|
(b)
|
All or a portion of this security is on loan as of March 31, 2024. The total market value of these securities was $11,498,702
which represented 12.7% of net assets.
|
(c)
|
The rate shown represents the 7-day effective yield as of March 31, 2024.
|
(d)
|
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA
will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of March 31, 2024 was 5.17%.
|
The Olstein Strategic Opportunities Fund
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Assets:
|
||||||||||||||||
Common Stocks
|
$
|
85,901,796
|
–
|
–
|
$
|
85,901,796
|
||||||||||
Investments Purchased with Proceeds from Securities Lending (a)
|
11,722,642
|
–
|
–
|
11,722,642
|
||||||||||||
Total Assets
|
$
|
97,624,438
|
–
|
–
|
$
|
97,624,438
|
||||||||||
(a)
|
Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient
have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.
|