Global Small Cap - Schedule of Investments | |||||
AUGUST 31, 2020 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 101.4% | ||||||||
Australia — 3.6% | ||||||||
Breville Group Ltd. | 16,438 | 325,572 | ||||||
NEXTDC Ltd.(1) | 43,283 | 387,344 | ||||||
Saracen Mineral Holdings Ltd.(1) | 107,752 | 414,348 | ||||||
Seven Group Holdings Ltd.(2) | 27,658 | 382,898 | ||||||
1,510,162 | ||||||||
Belgium — 0.7% | ||||||||
Melexis NV | 3,669 | 294,380 | ||||||
Brazil — 2.0% | ||||||||
Grupo SBF SA(1) | 47,100 | 261,184 | ||||||
Locaweb Servicos de Internet SA(1) | 32,700 | 366,782 | ||||||
TOTVS SA | 39,200 | 205,785 | ||||||
833,751 | ||||||||
Canada — 6.9% | ||||||||
BRP, Inc. | 5,645 | 306,583 | ||||||
ECN Capital Corp. | 81,891 | 323,332 | ||||||
FirstService Corp. | 3,834 | 479,739 | ||||||
Innergex Renewable Energy, Inc. | 14,930 | 257,771 | ||||||
Jamieson Wellness, Inc. | 8,244 | 238,721 | ||||||
Kinaxis, Inc.(1) | 1,830 | 279,098 | ||||||
Parex Resources, Inc.(1) | 31,661 | 433,280 | ||||||
Real Matters, Inc.(1) | 7,389 | 149,893 | ||||||
TFI International, Inc. | 10,200 | 450,901 | ||||||
2,919,318 | ||||||||
China — 3.7% | ||||||||
A-Living Services Co. Ltd., H Shares | 80,000 | 411,703 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 369,000 | 442,019 | ||||||
Times China Holdings Ltd. | 282,000 | 432,359 | ||||||
Times Neighborhood Holdings Ltd. | 203,000 | 289,855 | ||||||
1,575,936 | ||||||||
Denmark — 0.9% | ||||||||
Pandora A/S | 5,579 | 405,970 | ||||||
Finland — 1.6% | ||||||||
Huhtamaki Oyj(1) | 6,253 | 302,336 | ||||||
Metso Outotec Oyj | 51,502 | 381,626 | ||||||
683,962 | ||||||||
France — 1.7% | ||||||||
SOITEC(1) | 2,671 | 356,047 | ||||||
Solutions 30 SE(1) | 21,319 | 366,193 | ||||||
722,240 | ||||||||
Germany — 2.3% | ||||||||
Flatex AG(1) | 10,079 | 489,080 | ||||||
HelloFresh SE(1) | 4,188 | 215,259 | ||||||
Hypoport SE(1) | 441 | 264,036 | ||||||
968,375 | ||||||||
Israel — 2.1% | ||||||||
Kornit Digital Ltd.(1) | 7,121 | 441,003 | ||||||
Nova Measuring Instruments Ltd.(1) | 8,336 | 442,475 | ||||||
883,478 | ||||||||
Japan — 4.6% | ||||||||
Anritsu Corp. | 13,700 | 298,836 | ||||||
Kobe Bussan Co. Ltd. | 5,000 | 294,587 | ||||||
Menicon Co. Ltd. | 5,900 | 360,871 | ||||||
Nippon Gas Co. Ltd. | 5,300 | 205,931 | ||||||
SHIFT, Inc.(1) | 2,800 | 324,298 | ||||||
Zeon Corp. | 45,100 | 470,734 | ||||||
1,955,257 | ||||||||
Netherlands — 1.4% | ||||||||
ASM International NV | 2,031 | 305,321 | ||||||
Basic-Fit NV(1) | 8,857 | 249,144 | ||||||
IMCD NV | 459 | 48,982 | ||||||
603,447 | ||||||||
Norway — 0.5% | ||||||||
Bakkafrost P/F(1) | 3,241 | 202,722 | ||||||
South Korea — 0.6% | ||||||||
SK Materials Co. Ltd. | 1,244 | 258,290 | ||||||
Sweden — 7.8% | ||||||||
AF POYRY AB(1) | 10,449 | 291,357 | ||||||
Beijer Ref AB | 8,050 | 320,066 | ||||||
Biotage AB(1) | 12,468 | 242,827 | ||||||
Lifco AB, B Shares | 4,457 | 354,355 | ||||||
Lindab International AB | 28,453 | 456,754 | ||||||
MIPS AB | 6,860 | 274,794 | ||||||
Samhallsbyggnadsbolaget i Norden AB(2) | 203,548 | 565,983 | ||||||
Sinch AB(1) | 3,660 | 371,270 | ||||||
Stillfront Group AB(1) | 4,131 | 444,432 | ||||||
3,321,838 | ||||||||
Switzerland — 1.1% | ||||||||
SIG Combibloc Group AG(1) | 11,928 | 234,259 | ||||||
Tecan Group AG | 494 | 223,181 | ||||||
457,440 | ||||||||
Taiwan — 2.1% | ||||||||
Accton Technology Corp. | 19,000 | 151,289 | ||||||
Airtac International Group | 23,000 | 506,048 | ||||||
Alchip Technologies Ltd. | 13,000 | 232,591 | ||||||
889,928 | ||||||||
United Kingdom — 4.2% | ||||||||
ASOS plc(1) | 2,758 | 182,067 | ||||||
Avast plc | 40,380 | 289,322 | ||||||
boohoo Group plc(1) | 120,875 | 467,480 | ||||||
Electrocomponents plc | 29,387 | 266,732 | ||||||
Fevertree Drinks plc | 8,715 | 239,403 | ||||||
Games Workshop Group plc | 2,917 | 359,212 | ||||||
1,804,216 | ||||||||
United States — 53.6% | ||||||||
10X Genomics, Inc., Class A(1) | 2,101 | 240,817 | ||||||
AAR Corp. | 10,387 | 209,610 | ||||||
Applied Industrial Technologies, Inc. | 6,309 | 379,865 | ||||||
ArcBest Corp. | 12,815 | 433,403 | ||||||
Ares Management Corp., Class A | 8,168 | 330,396 | ||||||
Avalara, Inc.(1) | 1,970 | 260,848 | ||||||
Brinker International, Inc. | 10,444 | 470,398 | ||||||
Brunswick Corp. | 7,376 | 456,501 |
Builders FirstSource, Inc.(1) | 8,913 | 272,916 | ||||||
Callaway Golf Co. | 22,943 | 478,591 | ||||||
Cannae Holdings, Inc.(1) | 12,618 | 476,077 | ||||||
Chegg, Inc.(1) | 3,639 | 268,340 | ||||||
Chemed Corp. | 530 | 274,068 | ||||||
Clean Harbors, Inc.(1) | 6,337 | 387,191 | ||||||
Crocs, Inc.(1) | 14,107 | 563,010 | ||||||
Deckers Outdoor Corp.(1) | 1,776 | 362,073 | ||||||
Diamondback Energy, Inc. | 5,400 | 210,384 | ||||||
eHealth, Inc.(1) | 1,091 | 68,864 | ||||||
elf Beauty, Inc.(1) | 5,289 | 103,294 | ||||||
Entegris, Inc. | 2,926 | 195,720 | ||||||
Envestnet, Inc.(1) | 3,777 | 313,453 | ||||||
Essent Group Ltd. | 6,491 | 231,729 | ||||||
Etsy, Inc.(1) | 2,387 | 285,724 | ||||||
Euronet Worldwide, Inc.(1) | 1,808 | 186,911 | ||||||
Everbridge, Inc.(1) | 1,605 | 238,519 | ||||||
Five9, Inc.(1) | 1,905 | 242,773 | ||||||
Freshpet, Inc.(1) | 2,318 | 263,325 | ||||||
Global Medical REIT, Inc. | 37,602 | 480,930 | ||||||
H.B. Fuller Co. | 9,030 | 434,975 | ||||||
Hamilton Lane, Inc., Class A | 4,432 | 324,024 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 17,147 | 728,062 | ||||||
HealthEquity, Inc.(1) | 3,071 | 176,521 | ||||||
Helen of Troy Ltd.(1) | 1,413 | 292,237 | ||||||
IAA, Inc.(1) | 7,890 | 412,805 | ||||||
Inphi Corp.(1) | 2,804 | 319,600 | ||||||
Kinsale Capital Group, Inc. | 1,731 | 358,715 | ||||||
Lattice Semiconductor Corp.(1) | 9,154 | 261,804 | ||||||
Lemonade, Inc.(1) | 3,652 | 214,372 | ||||||
Masonite International Corp.(1) | 4,792 | 437,462 | ||||||
Model N, Inc.(1) | 3,956 | 155,550 | ||||||
Monolithic Power Systems, Inc. | 794 | 212,101 | ||||||
Natera, Inc.(1) | 6,553 | 417,492 | ||||||
National Vision Holdings, Inc.(1) | 9,983 | 375,061 | ||||||
Navistar International Corp.(1) | 13,875 | 443,722 | ||||||
nCino, Inc.(1) | 6,338 | 589,117 | ||||||
NeoGenomics, Inc.(1) | 9,754 | 379,918 | ||||||
Option Care Health, Inc.(1) | 11,331 | 131,666 | ||||||
Palomar Holdings, Inc.(1) | 2,175 | 244,361 | ||||||
Pennant Group, Inc. (The)(1) | 8,396 | 310,988 | ||||||
Phreesia, Inc.(1) | 7,276 | 229,485 | ||||||
Planet Fitness, Inc., Class A(1) | 5,345 | 324,923 | ||||||
Progyny, Inc.(1) | 7,382 | 210,756 | ||||||
R1 RCM, Inc.(1) | 29,871 | 433,129 | ||||||
RadNet, Inc.(1) | 23,735 | 342,259 | ||||||
Repay Holdings Corp.(1) | 11,596 | 293,379 | ||||||
Rexford Industrial Realty, Inc. | 5,666 | 271,855 | ||||||
RH(1) | 1,335 | 441,284 | ||||||
SailPoint Technologies Holdings, Inc.(1) | 6,415 | 251,660 | ||||||
SeaSpine Holdings Corp.(1) | 14,988 | 199,490 | ||||||
SI-BONE, Inc.(1) | 11,592 | 252,937 | ||||||
Silk Road Medical, Inc.(1) | 5,177 | 315,693 | ||||||
SiteOne Landscape Supply, Inc.(1) | 2,517 | 314,751 |
SiTime Corp.(1) | 5,087 | 335,132 | ||||||
Skyline Champion Corp.(1) | 11,307 | 322,702 | ||||||
SYNNEX Corp. | 3,029 | 385,137 | ||||||
Tandem Diabetes Care, Inc.(1) | 2,821 | 317,983 | ||||||
TCF Financial Corp. | 8,404 | 225,900 | ||||||
TopBuild Corp.(1) | 2,304 | 354,355 | ||||||
Vertex, Inc., Class A(1) | 7,363 | 188,566 | ||||||
Visteon Corp.(1) | 1,293 | 97,531 | ||||||
Vroom, Inc.(1) | 3,281 | 225,175 | ||||||
Wintrust Financial Corp. | 5,813 | 252,982 | ||||||
Wyndham Destinations, Inc. | 6,011 | 174,259 | ||||||
Wyndham Hotels & Resorts, Inc. | 2,045 | 107,076 | ||||||
22,774,682 | ||||||||
TOTAL COMMON STOCKS (Cost $31,272,077) | 43,065,392 | |||||||
EXCHANGE-TRADED FUNDS — 0.6% | ||||||||
Schwab International Small-Cap Equity ETF(2) | 1,946 | 64,160 | ||||||
Schwab US Small-Cap ETF | 2,440 | 173,703 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $233,079) | 237,863 | |||||||
TEMPORARY CASH INVESTMENTS — 0.3% | ||||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.125% - 2.375%, 6/30/22 - 4/30/26, valued at $115,551), in a joint trading account at 0.05%, dated 8/31/20, due 9/1/20 (Delivery value $113,250) | 113,250 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 151 | 151 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $113,401) | 113,401 | |||||||
TOTAL INVESTMENT SECURITIES — 102.3% (Cost $31,618,557) | 43,416,656 | |||||||
OTHER ASSETS AND LIABILITIES — (2.3)% | (956,213) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 42,460,443 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Information Technology | 21.7% | ||||
Consumer Discretionary | 21.2% | ||||
Industrials | 18.6% | ||||
Health Care | 11.9% | ||||
Financials | 10.8% | ||||
Real Estate | 5.4% | ||||
Materials | 5.0% | ||||
Consumer Staples | 3.2% | ||||
Energy | 1.5% | ||||
Utilities | 1.1% | ||||
Communication Services | 1.0% | ||||
Exchange-Traded Funds | 0.6% | ||||
Cash and Equivalents* | (2.0)% |
NOTES TO SCHEDULE OF INVESTMENTS |
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | — | 1,510,162 | — | ||||||||
Belgium | — | 294,380 | — | ||||||||
Brazil | — | 833,751 | — | ||||||||
Canada | — | 2,919,318 | — | ||||||||
China | — | 1,575,936 | — | ||||||||
Denmark | — | 405,970 | — | ||||||||
Finland | — | 683,962 | — | ||||||||
France | — | 722,240 | — | ||||||||
Germany | — | 968,375 | — | ||||||||
Japan | — | 1,955,257 | — | ||||||||
Netherlands | — | 603,447 | — | ||||||||
Norway | — | 202,722 | — | ||||||||
South Korea | — | 258,290 | — | ||||||||
Sweden | — | 3,321,838 | — | ||||||||
Switzerland | — | 457,440 | — | ||||||||
Taiwan | — | 889,928 | — | ||||||||
United Kingdom | — | 1,804,216 | — | ||||||||
Other Countries | 23,658,160 | — | — | ||||||||
Exchange-Traded Funds | 237,863 | — | — | ||||||||
Temporary Cash Investments | 151 | 113,250 | — | ||||||||
23,896,174 | 19,520,482 | — |