Global Small Cap - Schedule of Investments | ||
AUGUST 31, 2021 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 96.2% | ||||||||
Australia — 0.9% | ||||||||
Champion Iron Ltd.(1) | 71,147 | 304,266 | ||||||
Seven Group Holdings Ltd.(2) | 17,818 | 275,160 | ||||||
579,426 | ||||||||
Belgium — 2.0% | ||||||||
D'ieteren Group | 5,661 | 884,592 | ||||||
Melexis NV | 3,487 | 412,237 | ||||||
1,296,829 | ||||||||
Brazil — 1.6% | ||||||||
Locaweb Servicos de Internet SA | 87,700 | 416,383 | ||||||
Pet Center Comercio e Participacoes SA | 60,583 | 309,781 | ||||||
Santos Brasil Participacoes SA(1) | 209,400 | 317,494 | ||||||
1,043,658 | ||||||||
Canada — 7.9% | ||||||||
Boralex, Inc., A Shares(2) | 3,112 | 95,384 | ||||||
BRP, Inc. | 3,895 | 326,351 | ||||||
Capstone Mining Corp.(1) | 148,328 | 652,495 | ||||||
Colliers International Group, Inc. (Toronto) | 6,196 | 862,868 | ||||||
ECN Capital Corp. | 33,969 | 275,974 | ||||||
Kinaxis, Inc.(1) | 3,425 | 555,644 | ||||||
Savaria Corp.(2) | 22,902 | 385,557 | ||||||
TFI International, Inc. | 5,643 | 637,585 | ||||||
Tricon Residential, Inc. | 63,192 | 803,392 | ||||||
Whitecap Resources, Inc.(2) | 113,325 | 485,942 | ||||||
5,081,192 | ||||||||
China — 0.7% | ||||||||
21Vianet Group, Inc., ADR(1) | 3,536 | 69,978 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 228,000 | 382,035 | ||||||
452,013 | ||||||||
Denmark — 0.8% | ||||||||
Pandora A/S | 4,031 | 483,172 | ||||||
Finland — 0.7% | ||||||||
Metso Outotec Oyj | 42,729 | 456,921 | ||||||
France — 3.3% | ||||||||
APERAM SA | 10,145 | 622,407 | ||||||
Euronext NV | 3,116 | 361,594 | ||||||
Nexans SA | 6,215 | 622,979 | ||||||
SOITEC(1) | 2,207 | 528,593 | ||||||
2,135,573 | ||||||||
Germany — 0.2% | ||||||||
flatexDEGIRO AG(1) | 1,285 | 133,515 | ||||||
India — 0.5% | ||||||||
WNS Holdings Ltd., ADR(1) | 3,974 | 329,604 | ||||||
Israel — 3.5% | ||||||||
Inmode Ltd.(1) | 5,643 | 738,556 | ||||||
Kornit Digital Ltd.(1) | 5,291 | 689,788 | ||||||
Nova Ltd.(1) | 8,156 | 824,979 | ||||||
2,253,323 | ||||||||
Italy — 0.5% | ||||||||
Autogrill SpA(1) | 42,993 | 322,382 | ||||||
Japan — 6.1% | ||||||||
Appier Group, Inc.(1) | 21,100 | 339,561 | ||||||
Asics Corp. | 19,400 | 411,178 | ||||||
en Japan, Inc. | 8,400 | 283,743 | ||||||
Food & Life Cos. Ltd. | 8,000 | 343,376 | ||||||
Nextage Co. Ltd. | 35,000 | 695,776 | ||||||
Nippon Gas Co. Ltd. | 28,300 | 401,702 | ||||||
Open House Co. Ltd. | 10,400 | 505,179 | ||||||
Relo Group, Inc. | 13,100 | 292,918 | ||||||
West Holdings Corp. | 13,900 | 617,535 | ||||||
3,890,968 | ||||||||
Netherlands — 0.7% | ||||||||
Basic-Fit NV(1)(2) | 6,851 | 319,939 | ||||||
Corbion NV | 2,630 | 141,531 | ||||||
461,470 | ||||||||
Norway — 1.1% | ||||||||
Bakkafrost P/F | 8,260 | 725,867 | ||||||
South Korea — 1.4% | ||||||||
Ecopro BM Co. Ltd. | 1,381 | 380,351 | ||||||
SK Materials Co. Ltd. | 1,558 | 542,170 | ||||||
922,521 | ||||||||
Sweden — 4.4% | ||||||||
BICO Group AB(1)(2) | 6,940 | 461,428 | ||||||
Fortnox AB | 5,751 | 331,458 | ||||||
Instalco AB | 8,144 | 447,390 | ||||||
Lifco AB, B Shares | 22,672 | 671,160 | ||||||
Nordic Entertainment Group AB, B Shares(1) | 10,851 | 630,364 | ||||||
Trelleborg AB, B Shares | 13,037 | 317,391 | ||||||
2,859,191 | ||||||||
Switzerland — 1.8% | ||||||||
Comet Holding AG | 1,433 | 543,894 | ||||||
SIG Combibloc Group AG(1) | 20,639 | 631,817 | ||||||
1,175,711 | ||||||||
Taiwan — 1.1% | ||||||||
Airtac International Group | 10,000 | 304,394 | ||||||
ASPEED Technology, Inc. | 5,000 | 421,813 | ||||||
726,207 | ||||||||
United Kingdom — 4.9% | ||||||||
Dr. Martens plc(1) | 56,855 | 331,510 | ||||||
Electrocomponents plc | 51,679 | 756,249 | ||||||
Howden Joinery Group plc | 60,888 | 792,024 | ||||||
Pets at Home Group plc | 74,122 | 510,418 | ||||||
S4 Capital plc(1) | 65,007 | 727,849 | ||||||
3,118,050 | ||||||||
United States — 52.1% | ||||||||
American Eagle Outfitters, Inc. | 16,095 | 491,219 | ||||||
Arko Corp.(1) | 33,482 | 346,204 | ||||||
Axogen, Inc.(1) | 18,592 | 317,179 | ||||||
Bloomin' Brands, Inc.(1) | 12,508 | 335,089 | ||||||
BRP Group, Inc., Class A(1) | 9,551 | 359,595 | ||||||
Brunswick Corp. | 5,392 | 522,323 | ||||||
Builders FirstSource, Inc.(1) | 7,149 | 380,970 | ||||||
Callaway Golf Co.(1) | 16,136 | 452,776 |
Capri Holdings Ltd.(1) | 11,655 | 658,624 | ||||||
Clean Harbors, Inc.(1) | 7,408 | 760,209 | ||||||
Codexis, Inc.(1) | 18,110 | 489,332 | ||||||
Crocs, Inc.(1) | 5,989 | 855,349 | ||||||
Deckers Outdoor Corp.(1) | 890 | 372,420 | ||||||
DigitalOcean Holdings, Inc.(1) | 5,637 | 347,690 | ||||||
Diversey Holdings Ltd.(1) | 24,864 | 434,374 | ||||||
Driven Brands Holdings, Inc.(1) | 9,609 | 287,117 | ||||||
Eagle Materials, Inc. | 4,032 | 632,379 | ||||||
Element Solutions, Inc. | 12,660 | 287,762 | ||||||
elf Beauty, Inc.(1) | 21,603 | 668,613 | ||||||
Encompass Health Corp. | 2,939 | 230,565 | ||||||
Evoqua Water Technologies Corp.(1) | 12,979 | 505,143 | ||||||
First Advantage Corp.(1) | 27,229 | 617,826 | ||||||
Fox Factory Holding Corp.(1) | 3,864 | 593,781 | ||||||
Glacier Bancorp, Inc. | 10,923 | 581,759 | ||||||
Global Medical REIT, Inc. | 52,759 | 813,544 | ||||||
Goosehead Insurance, Inc., Class A | 2,627 | 385,591 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 10,306 | 622,173 | ||||||
Health Catalyst, Inc.(1) | 4,377 | 239,028 | ||||||
I3 Verticals, Inc., Class A(1) | 7,327 | 211,824 | ||||||
Jabil, Inc. | 11,923 | 736,603 | ||||||
Kinsale Capital Group, Inc. | 2,563 | 466,082 | ||||||
Korn Ferry | 4,571 | 323,124 | ||||||
Lattice Semiconductor Corp.(1) | 6,554 | 407,134 | ||||||
Leslie's, Inc.(1) | 13,221 | 318,890 | ||||||
Lovesac Co. (The)(1) | 3,355 | 189,759 | ||||||
MACOM Technology Solutions Holdings, Inc.(1) | 5,956 | 361,589 | ||||||
Manhattan Associates, Inc.(1) | 3,112 | 507,225 | ||||||
MAXIMUS, Inc. | 3,565 | 310,476 | ||||||
MGP Ingredients, Inc. | 4,603 | 300,576 | ||||||
Natera, Inc.(1) | 4,130 | 489,116 | ||||||
National Instruments Corp. | 6,099 | 255,060 | ||||||
NeoGenomics, Inc.(1) | 6,584 | 320,114 | ||||||
Newmark Group, Inc., Class A | 50,919 | 693,517 | ||||||
Onto Innovation, Inc.(1) | 4,745 | 351,747 | ||||||
Open Lending Corp., Class A(1) | 12,111 | 447,744 | ||||||
OptimizeRx Corp.(1) | 7,337 | 485,563 | ||||||
Ortho Clinical Diagnostics Holdings plc(1) | 28,492 | 582,376 | ||||||
Paycor HCM, Inc.(1) | 13,624 | 503,407 | ||||||
Perficient, Inc.(1) | 6,001 | 715,439 | ||||||
Power Integrations, Inc. | 3,838 | 416,960 | ||||||
Progyny, Inc.(1) | 2,455 | 137,161 | ||||||
QuinStreet, Inc.(1) | 6,835 | 122,415 | ||||||
R1 RCM, Inc.(1) | 30,030 | 592,192 | ||||||
RadNet, Inc.(1) | 18,556 | 582,844 | ||||||
Revolve Group, Inc.(1) | 5,507 | 316,432 | ||||||
RH(1) | 763 | 534,611 | ||||||
Ryman Hospitality Properties, Inc.(1) | 9,599 | 797,389 | ||||||
SailPoint Technologies Holdings, Inc.(1) | 4,683 | 219,445 | ||||||
SeaSpine Holdings Corp.(1) | 19,110 | 320,666 | ||||||
SeaWorld Entertainment, Inc.(1) | 4,729 | 232,619 | ||||||
Semtech Corp.(1) | 6,096 | 426,232 | ||||||
Sensata Technologies Holding plc(1) | 6,532 | 386,564 | ||||||
SI-BONE, Inc.(1) | 11,741 | 286,598 |
Silk Road Medical, Inc.(1) | 3,417 | 202,560 | ||||||
Silvergate Capital Corp., Class A(1) | 3,677 | 415,427 | ||||||
SP Plus Corp.(1) | 11,989 | 388,324 | ||||||
Spirit AeroSystems Holdings, Inc., Class A | 8,377 | 328,713 | ||||||
Sprinklr, Inc., Class A(1) | 12,125 | 190,120 | ||||||
Sprout Social, Inc., Class A(1) | 4,020 | 488,832 | ||||||
SPS Commerce, Inc.(1) | 2,543 | 344,653 | ||||||
Summit Materials, Inc., Class A(1) | 21,584 | 726,733 | ||||||
Travel + Leisure Co. | 11,379 | 623,114 | ||||||
Triumph Bancorp, Inc.(1) | 5,926 | 487,236 | ||||||
Veeco Instruments, Inc.(1) | 12,738 | 290,299 | ||||||
Wintrust Financial Corp. | 8,409 | 629,330 | ||||||
Wyndham Hotels & Resorts, Inc. | 6,734 | 489,562 | ||||||
33,543,030 | ||||||||
TOTAL COMMON STOCKS (Cost $46,075,580) | 61,990,623 | |||||||
EXCHANGE-TRADED FUNDS — 3.0% | ||||||||
Schwab International Small-Cap Equity ETF(2) | 22,205 | 961,032 | ||||||
Schwab US Small-Cap ETF(2) | 9,212 | 954,916 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,842,885) | 1,915,948 | |||||||
TEMPORARY CASH INVESTMENTS — 1.2% | ||||||||
Repurchase Agreement, BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.25% - 2.75%, 1/31/24 - 8/31/25, valued at $231,675), in a joint trading account at 0.02%, dated 8/31/21, due 9/1/21 (Delivery value $227,049) | 227,049 | |||||||
Repurchase Agreement, Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 1.125%, 5/15/40, valued at $578,344), at 0.02%, dated 8/31/21, due 9/1/21 (Delivery value $567,000) | 567,000 | |||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 11,858 | 11,858 | ||||||
TOTAL TEMPORARY CASH INVESTMENTS (Cost $805,907) | 805,907 | |||||||
TEMPORARY CASH INVESTMENTS - SECURITIES LENDING COLLATERAL(3) — 2.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (Cost $1,585,011) | 1,585,011 | 1,585,011 | ||||||
TOTAL INVESTMENT SECURITIES — 102.9% (Cost $50,309,383) | 66,297,489 | |||||||
OTHER ASSETS AND LIABILITIES — (2.9)% | (1,856,212) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 64,441,277 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Consumer Discretionary | 20.5% | ||||
Information Technology | 18.0% | ||||
Industrials | 17.7% | ||||
Health Care | 10.1% | ||||
Financials | 8.0% | ||||
Materials | 7.7% | ||||
Real Estate | 6.6% | ||||
Consumer Staples | 2.6% | ||||
Communication Services | 2.4% | ||||
Utilities | 1.8% | ||||
Energy | 0.8% | ||||
Exchange-Traded Funds | 3.0% | ||||
Temporary Cash Investments | 1.2% | ||||
Temporary Cash Investments - Securities Lending Collateral | 2.5% | ||||
Other Assets and Liabilities | (2.9)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | - | American Depositary Receipt |
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | — | 579,426 | — | ||||||||
Belgium | — | 1,296,829 | — | ||||||||
Brazil | — | 1,043,658 | — | ||||||||
Canada | — | 5,081,192 | — | ||||||||
China | 69,978 | 382,035 | — | ||||||||
Denmark | — | 483,172 | — | ||||||||
Finland | — | 456,921 | — | ||||||||
France | — | 2,135,573 | — | ||||||||
Germany | — | 133,515 | — | ||||||||
Italy | — | 322,382 | — | ||||||||
Japan | — | 3,890,968 | — | ||||||||
Netherlands | — | 461,470 | — | ||||||||
Norway | — | 725,867 | — | ||||||||
South Korea | — | 922,521 | — | ||||||||
Sweden | — | 2,859,191 | — | ||||||||
Switzerland | — | 1,175,711 | — | ||||||||
Taiwan | — | 726,207 | — | ||||||||
United Kingdom | — | 3,118,050 | — | ||||||||
Other Countries | 36,125,957 | — | — | ||||||||
Exchange-Traded Funds | 1,915,948 | — | — | ||||||||
Temporary Cash Investments | 11,858 | 794,049 | — | ||||||||
Temporary Cash Investments - Securities Lending Collateral | 1,585,011 | — | — | ||||||||
39,708,752 | 26,588,737 | — |