Global Small Cap - Schedule of Investments | ||
FEBRUARY 28, 2022 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 96.3% | ||||||||
Australia — 2.8% | ||||||||
carsales.com Ltd. | 22,700 | 343,393 | ||||||
Corporate Travel Management Ltd.(1) | 36,827 | 587,273 | ||||||
IDP Education Ltd. | 26,701 | 516,386 | ||||||
IGO Ltd. | 72,359 | 580,492 | ||||||
2,027,544 | ||||||||
Belgium — 2.0% | ||||||||
D'ieteren Group | 6,383 | 1,031,140 | ||||||
Melexis NV | 4,290 | 391,601 | ||||||
1,422,741 | ||||||||
Brazil — 1.6% | ||||||||
Multiplan Empreendimentos Imobiliarios SA | 188,800 | 797,102 | ||||||
Santos Brasil Participacoes SA | 283,100 | 353,716 | ||||||
1,150,818 | ||||||||
Canada — 11.1% | ||||||||
Boardwalk Real Estate Investment Trust | 19,577 | 871,891 | ||||||
BRP, Inc. | 2,399 | 171,933 | ||||||
Capstone Mining Corp.(1) | 162,464 | 842,121 | ||||||
Colliers International Group, Inc. (Toronto) | 6,689 | 918,517 | ||||||
Definity Financial Corp.(1) | 27,822 | 604,731 | ||||||
Kinaxis, Inc.(1) | 3,250 | 372,590 | ||||||
Laurentian Bank of Canada | 10,479 | 351,945 | ||||||
Savaria Corp.(2) | 28,332 | 399,442 | ||||||
Stantec, Inc. | 12,264 | 609,475 | ||||||
TFI International, Inc. | 4,313 | 449,573 | ||||||
Tricon Residential, Inc. (Toronto) | 83,245 | 1,237,346 | ||||||
Whitecap Resources, Inc.(2) | 152,682 | 1,164,840 | ||||||
7,994,404 | ||||||||
China — 0.7% | ||||||||
China Yongda Automobiles Services Holdings Ltd. | 444,500 | 518,599 | ||||||
Denmark — 0.7% | ||||||||
Pandora A/S | 5,187 | 531,135 | ||||||
Finland — 1.0% | ||||||||
Metso Outotec Oyj | 88,753 | 747,705 | ||||||
France — 1.9% | ||||||||
APERAM SA | 10,438 | 584,446 | ||||||
Nexans SA | 7,948 | 766,699 | ||||||
1,351,145 | ||||||||
Germany — 0.5% | ||||||||
K+S AG(1) | 15,311 | 392,760 | ||||||
Hong Kong — 0.4% | ||||||||
Samsonite International SA(1) | 140,700 | 315,038 | ||||||
India — 1.0% | ||||||||
WNS Holdings Ltd., ADR(1) | 8,345 | 689,547 | ||||||
Israel — 2.2% | ||||||||
Inmode Ltd.(1) | 8,725 | 372,470 | ||||||
Kornit Digital Ltd.(1) | 3,820 | 362,251 | ||||||
Nova Ltd.(1) | 7,960 | 834,049 | ||||||
1,568,770 | ||||||||
Italy — 1.0% | ||||||||
Autogrill SpA(1) | 92,893 | 702,865 | ||||||
Japan — 5.6% | ||||||||
Asics Corp. | 36,800 | 737,053 | ||||||
Jeol Ltd. | 6,100 | 355,730 | ||||||
JTOWER, Inc.(1) | 2,200 | 79,467 | ||||||
Nabtesco Corp. | 12,700 | 351,987 | ||||||
Nextage Co. Ltd. | 32,400 | 695,742 | ||||||
Nippon Gas Co. Ltd. | 42,300 | 636,491 | ||||||
Open House Group Co. Ltd. | 8,100 | 368,300 | ||||||
Relo Group, Inc. | 11,200 | 168,571 | ||||||
West Holdings Corp. | 17,800 | 672,137 | ||||||
4,065,478 | ||||||||
Mexico — 0.6% | ||||||||
Qualitas Controladora SAB de CV | 78,155 | 428,152 | ||||||
Netherlands — 1.8% | ||||||||
ASR Nederland NV | 15,335 | 662,794 | ||||||
Basic-Fit NV(1) | 10,530 | 480,501 | ||||||
Constellium SE(1) | 8,636 | 167,797 | ||||||
1,311,092 | ||||||||
Norway — 1.4% | ||||||||
Aker Solutions ASA(1) | 22,412 | 70,675 | ||||||
Bakkafrost P/F | 4,930 | 335,027 | ||||||
Storebrand ASA | 61,879 | 612,365 | ||||||
1,018,067 | ||||||||
Spain — 1.7% | ||||||||
Banco de Sabadell SA(1) | 614,993 | 531,769 | ||||||
CIE Automotive SA | 26,712 | 714,119 | ||||||
1,245,888 | ||||||||
Sweden — 1.9% | ||||||||
Fortnox AB | 61,534 | 243,768 | ||||||
Instalco AB | 58,482 | 447,157 | ||||||
Lindab International AB | 14,809 | 354,760 | ||||||
Trelleborg AB, B Shares | 16,320 | 327,902 | ||||||
1,373,587 | ||||||||
Switzerland — 0.7% | ||||||||
Comet Holding AG | 1,217 | 369,652 | ||||||
SIG Combibloc Group AG(1) | 5,421 | 121,656 | ||||||
491,308 | ||||||||
Taiwan — 1.8% | ||||||||
Airtac International Group | 19,464 | 647,413 | ||||||
ASPEED Technology, Inc. | 7,000 | 687,995 | ||||||
1,335,408 | ||||||||
United Kingdom — 3.0% | ||||||||
Electrocomponents plc | 63,276 | 834,690 | ||||||
Pets at Home Group plc | 72,151 | 348,805 | ||||||
S4 Capital plc(1) | 77,379 | 482,856 | ||||||
Tritax Big Box REIT plc | 162,156 | 510,932 | ||||||
2,177,283 | ||||||||
United States — 50.9% | ||||||||
Arko Corp.(1) | 35,837 | 299,239 | ||||||
Bancorp, Inc. (The)(1) | 24,736 | 724,765 | ||||||
Bloomin' Brands, Inc.(1) | 12,774 | 314,368 | ||||||
BRP Group, Inc., Class A(1) | 12,579 | 349,319 | ||||||
Brunswick Corp. | 1,913 | 182,730 |
Builders FirstSource, Inc.(1) | 5,312 | 395,319 | ||||||
Capri Holdings Ltd.(1) | 10,386 | 703,548 | ||||||
Clean Harbors, Inc.(1) | 8,620 | 822,607 | ||||||
Codexis, Inc.(1) | 25,524 | 508,693 | ||||||
Commercial Metals Co. | 15,408 | 593,978 | ||||||
Crocs, Inc.(1) | 4,054 | 339,441 | ||||||
DigitalBridge Group, Inc.(1) | 107,558 | 779,795 | ||||||
DigitalOcean Holdings, Inc.(1)(2) | 6,559 | 389,080 | ||||||
Diversey Holdings Ltd.(1) | 7,560 | 72,349 | ||||||
Driven Brands Holdings, Inc.(1) | 20,843 | 612,159 | ||||||
Eagle Materials, Inc. | 4,893 | 669,509 | ||||||
Element Solutions, Inc. | 32,229 | 792,189 | ||||||
elf Beauty, Inc.(1) | 21,876 | 578,183 | ||||||
European Wax Center, Inc., Class A(1) | 6,808 | 169,315 | ||||||
Evoqua Water Technologies Corp.(1) | 13,988 | 596,728 | ||||||
First Advantage Corp.(1) | 22,834 | 368,769 | ||||||
Fox Factory Holding Corp.(1) | 2,982 | 351,936 | ||||||
Glacier Bancorp, Inc. | 17,254 | 955,872 | ||||||
Global Medical REIT, Inc. | 21,723 | 341,051 | ||||||
Goosehead Insurance, Inc., Class A | 1,703 | 148,127 | ||||||
H&E Equipment Services, Inc. | 14,706 | 614,123 | ||||||
Harmony Biosciences Holdings, Inc.(1) | 12,635 | 504,895 | ||||||
HireRight Holdings Corp.(1) | 9,984 | 130,491 | ||||||
John Bean Technologies Corp. | 3,076 | 348,726 | ||||||
Kinsale Capital Group, Inc. | 922 | 193,399 | ||||||
Lattice Semiconductor Corp.(1) | 10,371 | 649,432 | ||||||
Live Oak Bancshares, Inc. | 11,462 | 732,995 | ||||||
Lovesac Co. (The)(1) | 1,846 | 78,436 | ||||||
Manhattan Associates, Inc.(1) | 3,337 | 446,090 | ||||||
MGP Ingredients, Inc. | 6,254 | 497,881 | ||||||
MRC Global, Inc.(1) | 21,387 | 216,009 | ||||||
Natera, Inc.(1) | 5,177 | 340,388 | ||||||
National Instruments Corp. | 19,868 | 797,700 | ||||||
Newmark Group, Inc., Class A | 60,062 | 1,061,896 | ||||||
NOW, Inc.(1) | 95,120 | 888,421 | ||||||
Onto Innovation, Inc.(1) | 4,792 | 413,118 | ||||||
OptimizeRx Corp.(1) | 6,343 | 287,274 | ||||||
Paycor HCM, Inc.(1) | 21,916 | 615,182 | ||||||
Perficient, Inc.(1) | 5,174 | 527,231 | ||||||
Plymouth Industrial REIT, Inc. | 18,506 | 482,636 | ||||||
Power Integrations, Inc. | 6,392 | 575,280 | ||||||
Progyny, Inc.(1) | 8,999 | 354,201 | ||||||
Pure Storage, Inc., Class A(1) | 18,444 | 478,437 | ||||||
R1 RCM, Inc.(1) | 36,510 | 992,707 | ||||||
RadNet, Inc.(1) | 25,049 | 617,959 | ||||||
Revolve Group, Inc.(1) | 10,246 | 485,968 | ||||||
RH(1) | 191 | 76,757 | ||||||
Ryman Hospitality Properties, Inc.(1) | 11,716 | 1,032,297 | ||||||
SeaWorld Entertainment, Inc.(1) | 12,809 | 888,816 | ||||||
Semtech Corp.(1) | 5,076 | 352,173 | ||||||
Sensata Technologies Holding plc(1) | 7,049 | 408,208 | ||||||
SI-BONE, Inc.(1) | 3,470 | 76,548 | ||||||
Silk Road Medical, Inc.(1) | 4,509 | 167,419 | ||||||
Silvergate Capital Corp., Class A(1) | 3,696 | 473,384 | ||||||
Sovos Brands, Inc.(1) | 32,316 | 392,316 |
SP Plus Corp.(1) | 12,756 | 380,767 | ||||||
Sprout Social, Inc., Class A(1) | 2,783 | 181,201 | ||||||
SPS Commerce, Inc.(1) | 3,203 | 415,910 | ||||||
Sterling Check Corp.(1) | 14,516 | 305,707 | ||||||
Summit Materials, Inc., Class A(1) | 26,787 | 836,290 | ||||||
Tenable Holdings, Inc.(1) | 16,804 | 930,269 | ||||||
Tenet Healthcare Corp.(1) | 4,157 | 357,460 | ||||||
Travel + Leisure Co. | 14,912 | 835,818 | ||||||
Triumph Bancorp, Inc.(1) | 7,224 | 724,712 | ||||||
Veritex Holdings, Inc. | 11,680 | 474,558 | ||||||
Wintrust Financial Corp. | 11,407 | 1,133,399 | ||||||
Wyndham Hotels & Resorts, Inc. | 11,488 | 992,678 | ||||||
36,826,631 | ||||||||
TOTAL COMMON STOCKS (Cost $63,631,601) | 69,685,965 | |||||||
EXCHANGE-TRADED FUNDS — 2.5% | ||||||||
Schwab International Small-Cap Equity ETF(2) | 27,932 | 1,050,802 | ||||||
Schwab US Small-Cap ETF | 7,647 | 719,659 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,779,220) | 1,770,461 | |||||||
SHORT-TERM INVESTMENTS — 3.2% | ||||||||
Money Market Funds — 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 366,109 | 366,109 | ||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 10,207 | 10,207 | ||||||
376,316 | ||||||||
Repurchase Agreements — 2.7% | ||||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 2.375%, 5/15/51, valued at $1,447,454) at 0.02%, dated 2/28/22, due 3/1/22 (Delivery value $1,419,001) | 1,419,000 | |||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.25% - 2.75%, 9/30/25 - 11/15/42, valued at $544,558) in a joint trading account at 0.03%, dated 2/28/22, due 3/1/22 (Delivery value $532,261) | 532,261 | |||||||
1,951,261 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,327,577) | 2,327,577 | |||||||
TOTAL INVESTMENT SECURITIES — 102.0% (Cost $67,738,398) | 73,784,003 | |||||||
OTHER ASSETS AND LIABILITIES — (2.0)% | (1,436,590) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 72,347,413 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Consumer Discretionary | 18.5% | ||||
Industrials | 17.6% | ||||
Information Technology | 14.3% | ||||
Financials | 12.6% | ||||
Real Estate | 11.4% | ||||
Materials | 7.8% | ||||
Health Care | 6.9% | ||||
Consumer Staples | 2.5% | ||||
Utilities | 1.8% | ||||
Energy | 1.7% | ||||
Communication Services | 1.2% | ||||
Exchange-Traded Funds | 2.5% | ||||
Short-Term Investments | 3.2% | ||||
Other Assets and Liabilities | (2.0)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | - | American Depositary Receipt |
Level 1 ($) | Level 2 ($) | Level 3 ($) | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | — | 2,027,544 | — | ||||||||
Belgium | — | 1,422,741 | — | ||||||||
Brazil | — | 1,150,818 | — | ||||||||
Canada | — | 7,994,404 | — | ||||||||
China | — | 518,599 | — | ||||||||
Denmark | — | 531,135 | — | ||||||||
Finland | — | 747,705 | — | ||||||||
France | — | 1,351,145 | — | ||||||||
Germany | — | 392,760 | — | ||||||||
Hong Kong | — | 315,038 | — | ||||||||
Italy | — | 702,865 | — | ||||||||
Japan | — | 4,065,478 | — | ||||||||
Mexico | — | 428,152 | — | ||||||||
Netherlands | 167,797 | 1,143,295 | — | ||||||||
Norway | — | 1,018,067 | — | ||||||||
Spain | — | 1,245,888 | — | ||||||||
Sweden | — | 1,373,587 | — | ||||||||
Switzerland | — | 491,308 | — | ||||||||
Taiwan | — | 1,335,408 | — | ||||||||
United Kingdom | — | 2,177,283 | — | ||||||||
Other Countries | 39,084,948 | — | — | ||||||||
Exchange-Traded Funds | 1,770,461 | — | — | ||||||||
Short-Term Investments | 376,316 | 1,951,261 | — | ||||||||
41,399,522 | 32,384,481 | — |