Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—98.2%
|
|
|
|
Australia—1.5%
|
|
66,488
|
|
Ansell Ltd.
|
$1,329,104
|
|
|
Finland—1.5%
|
|
37,420
|
|
Huhtamaki Oyj
|
1,397,865
|
|
|
France—1.6%
|
|
9,431
|
1
|
Silicon-On-Insulator Technologies (SOITEC)
|
1,430,693
|
|
|
Hong Kong—2.5%
|
|
180,240
|
|
Techtronic Industries Co.
|
2,323,791
|
|
|
India—1.3%
|
|
87,841
|
|
Varun Beverages Ltd.
|
1,232,893
|
|
|
Ireland—1.3%
|
|
100,935
|
|
Glanbia PLC
|
1,229,152
|
|
|
Italy—2.2%
|
|
33,832
|
|
Marr SpA
|
445,004
|
172,616
|
|
Technogym SpA
|
1,530,239
|
|
|
TOTAL
|
1,975,243
|
|
|
Japan—9.0%
|
|
29,658
|
|
Horiba Ltd.
|
1,367,350
|
59,490
|
|
NIFCO, Inc.
|
1,545,804
|
31,831
|
|
Nissan Chemical Industries
|
1,506,579
|
32,140
|
|
Open House Co. Ltd.
|
1,218,159
|
49,238
|
|
Yaoko Co. Ltd.
|
2,570,402
|
|
|
TOTAL
|
8,208,294
|
|
|
Netherlands—3.7%
|
|
37,992
|
|
Aalberts NV
|
1,797,596
|
10,296
|
|
IMCD Group NV
|
1,632,861
|
|
|
TOTAL
|
3,430,457
|
|
|
Peru—1.7%
|
|
11,654
|
|
Credicorp Ltd.
|
1,565,132
|
|
|
Singapore—1.8%
|
|
885,594
|
|
Mapletree Industrial Trust
|
1,611,562
|
|
|
Spain—1.9%
|
|
96,694
|
|
Merlin Properties SOCIMI SA
|
945,870
|
12,840
|
|
Viscofan Industria Navarra De Envolturas Celulosicas SA
|
827,348
|
|
|
TOTAL
|
1,773,218
|
|
|
Sweden—2.2%
|
|
79,911
|
|
Trelleborg AB, Class B
|
1,998,649
|
|
|
Switzerland—2.9%
|
|
4,364
|
|
Burckhardt Compression Holdings AG
|
2,701,359
|
|
|
United Kingdom—7.7%
|
|
94,352
|
|
Bovis Homes Group PLC
|
868,527
|
979,090
|
|
Breedon Group PLC
|
826,995
|
403,356
|
|
Central Asia Metals PLC
|
1,405,446
|
21,602
|
|
DCC PLC
|
1,230,690
|
119,859
|
1
|
Draper Esprit PLC
|
529,196
|
499,798
|
|
Harworth Group PLC
|
714,924
|
Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—continued
|
|
|
|
United Kingdom—continued
|
|
451,970
|
1
|
SSP Group PLC
|
$1,445,693
|
|
|
TOTAL
|
7,021,471
|
|
|
United States—55.4%
|
|
35,206
|
|
Alliant Energy Corp.
|
1,902,180
|
20,444
|
1
|
AMN Healthcare Services, Inc.
|
1,959,353
|
18,397
|
|
Aptargroup, Inc.
|
2,127,429
|
8,399
|
|
Assurant, Inc.
|
1,113,624
|
31,526
|
|
Brunswick Corp.
|
2,658,588
|
18,311
|
1
|
Clean Harbors, Inc.
|
2,385,923
|
4,155
|
|
Cooper Cos., Inc.
|
1,449,804
|
942,632
|
2
|
Diversified Gas & Oil PLC
|
1,288,937
|
14,004
|
|
Eagle Materials, Inc.
|
2,045,704
|
6,700
|
|
Equifax, Inc.
|
1,488,740
|
32,169
|
|
Fortune Brands Innovations, Inc.
|
2,075,222
|
24,043
|
1
|
Kirby Corp.
|
1,701,764
|
46,240
|
|
LKQ Corp.
|
2,726,310
|
32,112
|
1
|
Masterbrand, Inc.
|
295,430
|
8,525
|
1
|
PTC, Inc.
|
1,149,852
|
14,197
|
|
Reinsurance Group of America
|
2,154,679
|
104,796
|
|
Retail Opportunity Investments Corp.
|
1,658,921
|
21,019
|
|
RPM International, Inc.
|
1,889,818
|
672,051
|
1
|
Samsonite International SA
|
1,992,644
|
16,849
|
1
|
Silicon Laboratories, Inc.
|
2,643,777
|
22,419
|
|
Simpson Manufacturing Co., Inc.
|
2,401,299
|
11,626
|
|
STERIS PLC
|
2,400,885
|
5,212
|
|
West Pharmaceutical Services, Inc.
|
1,384,307
|
12,284
|
1
|
WEX, Inc.
|
2,272,172
|
31,381
|
|
Wiley (John) & Sons, Inc., Class A
|
1,437,250
|
25,541
|
|
Wintrust Financial Corp.
|
2,336,235
|
17,726
|
|
Woodward, Inc.
|
1,812,661
|
|
|
TOTAL
|
50,753,508
|
|
|
TOTAL INVESTMENT IN SECURITIES—98.2%
(IDENTIFIED COST $72,718,335)
|
89,982,391
|
|
|
OTHER ASSETS AND LIABILITIES - NET—1.8%3
|
1,609,736
|
|
|
TOTAL NET ASSETS—100%
|
$91,592,127
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
Diversified Gas & Oil PLC
|
7/24/2020 – 12/16/2022
|
$1,355,111
|
$1,288,937
|
Valuation Inputs
|
|
|
|
|
|
Level 1—
Quoted
Prices
|
Level 2—
Other
Significant
Observable
Inputs
|
Level 3—
Significant
Unobservable
Inputs
|
Total
|
Equity Securities:
|
|
|
|
|
Common Stocks
|
|
|
|
|
Domestic
|
$47,471,927
|
$3,281,581
|
$—
|
$50,753,508
|
International
|
1,565,132
|
37,663,751
|
—
|
39,228,883
|
TOTAL SECURITIES
|
$49,037,059
|
$40,945,332
|
$—
|
$89,982,391
|