Global Small Cap - Schedule of Investments | ||
FEBRUARY 28, 2023 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 97.9% | ||||||||
Australia — 2.6% | ||||||||
carsales.com Ltd. | 45,984 | 699,555 | ||||||
IDP Education Ltd. | 52,305 | 1,005,888 | ||||||
Pinnacle Investment Management Group Ltd.(1) | 99,925 | 616,672 | ||||||
2,322,115 | ||||||||
Belgium — 1.5% | ||||||||
D'ieteren Group | 6,783 | 1,314,630 | ||||||
Canada — 7.3% | ||||||||
Boardwalk Real Estate Investment Trust | 20,480 | 885,991 | ||||||
Brookfield Infrastructure Corp., Class A(1) | 15,284 | 660,421 | ||||||
Capstone Copper Corp.(1)(2) | 212,683 | 946,124 | ||||||
Definity Financial Corp. | 10,533 | 277,278 | ||||||
Element Fleet Management Corp.(1) | 65,206 | 931,378 | ||||||
FirstService Corp. | 5,820 | 797,867 | ||||||
Kinaxis, Inc.(2) | 5,166 | 600,346 | ||||||
Stantec, Inc.(1) | 18,025 | 1,047,022 | ||||||
Whitecap Resources, Inc.(1) | 55,118 | 422,524 | ||||||
6,568,951 | ||||||||
China — 3.2% | ||||||||
Bosideng International Holdings Ltd. | 1,204,000 | 667,885 | ||||||
Kanzhun Ltd., ADR(2) | 39,983 | 805,657 | ||||||
Poly Property Services Co. Ltd., Class H | 102,800 | 623,381 | ||||||
Tongcheng Travel Holdings Ltd.(2) | 373,600 | 741,588 | ||||||
2,838,511 | ||||||||
Finland — 0.8% | ||||||||
Metso Outotec Oyj | 70,169 | 746,513 | ||||||
France — 2.0% | ||||||||
Euroapi SA(2) | 28,820 | 472,084 | ||||||
Nexans SA | 5,880 | 566,906 | ||||||
SPIE SA | 28,273 | 775,161 | ||||||
1,814,151 | ||||||||
Germany — 1.1% | ||||||||
AIXTRON SE | 17,657 | 541,548 | ||||||
KION Group AG | 11,041 | 432,432 | ||||||
973,980 | ||||||||
Hong Kong — 1.2% | ||||||||
Samsonite International SA(2) | 378,300 | 1,061,671 | ||||||
India — 1.0% | ||||||||
WNS Holdings Ltd., ADR(2) | 10,617 | 922,830 | ||||||
Ireland — 0.8% | ||||||||
AIB Group PLC | 161,197 | 688,521 | ||||||
Israel — 1.7% | ||||||||
Inmode Ltd.(2) | 25,546 | 902,029 | ||||||
Nova Ltd.(2) | 6,427 | 582,158 | ||||||
1,484,187 | ||||||||
Italy — 0.8% | ||||||||
Interpump Group SpA | 13,005 | 713,898 | ||||||
Japan — 9.0% | ||||||||
Asics Corp. | 48,400 | 1,225,479 |
BayCurrent Consulting, Inc.(1) | 19,400 | 761,598 | ||||||
Fukuoka Financial Group, Inc.(1) | 18,900 | 421,912 | ||||||
Invincible Investment Corp. | 2,101 | 846,729 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 83,600 | 853,958 | ||||||
Japan Airport Terminal Co. Ltd.(2) | 8,400 | 411,308 | ||||||
JMDC, Inc. | 13,900 | 438,870 | ||||||
MatsukiyoCocokara & Co. | 8,900 | 413,593 | ||||||
Nagoya Railroad Co. Ltd. | 14,400 | 218,559 | ||||||
Nippon Gas Co. Ltd.(1) | 36,700 | 512,692 | ||||||
Taiyo Yuden Co. Ltd.(1) | 21,900 | 663,176 | ||||||
TechnoPro Holdings, Inc. | 17,500 | 444,046 | ||||||
Toyo Suisan Kaisha Ltd. | 6,400 | 258,919 | ||||||
Visional, Inc.(2) | 9,200 | 616,390 | ||||||
8,087,229 | ||||||||
Mexico — 0.5% | ||||||||
Gentera SAB de CV | 404,707 | 438,627 | ||||||
Netherlands — 1.0% | ||||||||
ASR Nederland NV | 4,843 | 220,409 | ||||||
Basic-Fit NV(1)(2) | 18,141 | 635,639 | ||||||
856,048 | ||||||||
Norway — 1.1% | ||||||||
Aker Solutions ASA | 190,101 | 802,993 | ||||||
Storebrand ASA | 27,696 | 228,621 | ||||||
1,031,614 | ||||||||
Spain — 1.1% | ||||||||
Acciona SA | 2,302 | 433,709 | ||||||
CIE Automotive SA | 17,665 | 517,374 | ||||||
951,083 | ||||||||
Sweden — 3.1% | ||||||||
Fortnox AB | 86,178 | 511,378 | ||||||
Hexatronic Group AB | 73,040 | 850,541 | ||||||
Nordnet AB publ | 38,251 | 673,955 | ||||||
Trelleborg AB, B Shares | 30,139 | 776,818 | ||||||
2,812,692 | ||||||||
Taiwan — 2.4% | ||||||||
Airtac International Group | 26,464 | 923,799 | ||||||
ASPEED Technology, Inc. | 7,600 | 683,108 | ||||||
E Ink Holdings, Inc. | 80,000 | 506,233 | ||||||
2,113,140 | ||||||||
United Kingdom — 4.1% | ||||||||
Golar LNG Ltd.(2) | 19,355 | 441,875 | ||||||
Intermediate Capital Group PLC | 44,788 | 754,007 | ||||||
QinetiQ Group PLC | 98,652 | 401,839 | ||||||
Rotork PLC | 196,052 | 763,581 | ||||||
RS GROUP PLC | 39,703 | 466,829 | ||||||
Tritax Big Box REIT PLC | 478,773 | 860,178 | ||||||
3,688,309 | ||||||||
United States — 51.6% | ||||||||
ATI, Inc.(2) | 29,129 | 1,184,094 | ||||||
AZEK Co., Inc.(2) | 28,123 | 677,483 | ||||||
Bancorp, Inc.(2) | 25,705 | 889,136 | ||||||
BJ's Wholesale Club Holdings, Inc.(2) | 6,769 | 486,014 | ||||||
Bloomin' Brands, Inc. | 21,138 | 551,702 | ||||||
Bowlero Corp.(1)(2) | 44,220 | 680,104 |
BRP Group, Inc., Class A(2) | 21,135 | 607,420 | ||||||
Capri Holdings Ltd.(2) | 16,137 | 799,911 | ||||||
Ciena Corp.(2) | 10,813 | 521,403 | ||||||
Clean Harbors, Inc.(2) | 9,999 | 1,320,568 | ||||||
Commerce Bancshares, Inc. | 6,906 | 456,832 | ||||||
Commercial Metals Co. | 14,519 | 751,358 | ||||||
Construction Partners, Inc., Class A(2) | 16,921 | 457,713 | ||||||
Crocs, Inc.(2) | 11,977 | 1,457,721 | ||||||
Dave & Buster's Entertainment, Inc.(2) | 19,066 | 763,021 | ||||||
Driven Brands Holdings, Inc.(2) | 24,905 | 696,717 | ||||||
elf Beauty, Inc.(2) | 11,878 | 887,881 | ||||||
Ensign Group, Inc. | 8,734 | 781,518 | ||||||
Evolent Health, Inc., Class A(2) | 28,532 | 998,905 | ||||||
Evoqua Water Technologies Corp.(2) | 9,325 | 452,822 | ||||||
Five9, Inc.(2) | 7,552 | 498,432 | ||||||
Gentherm, Inc.(2) | 6,912 | 438,981 | ||||||
Glacier Bancorp, Inc. | 5,002 | 236,995 | ||||||
Graphic Packaging Holding Co. | 20,652 | 491,518 | ||||||
GXO Logistics, Inc.(2) | 6,851 | 339,604 | ||||||
H&E Equipment Services, Inc. | 21,198 | 1,176,489 | ||||||
Hamilton Lane, Inc., Class A | 8,135 | 632,903 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 21,838 | 685,932 | ||||||
Harmony Biosciences Holdings, Inc.(2) | 25,301 | 1,114,003 | ||||||
Herc Holdings, Inc. | 2,958 | 424,739 | ||||||
Ingevity Corp.(2) | 9,279 | 766,074 | ||||||
Inter Parfums, Inc. | 4,032 | 485,493 | ||||||
Jabil, Inc. | 6,428 | 533,717 | ||||||
JELD-WEN Holding, Inc.(2) | 17,437 | 229,297 | ||||||
Kinsale Capital Group, Inc. | 3,380 | 1,077,206 | ||||||
Kosmos Energy Ltd.(2) | 62,930 | 495,259 | ||||||
Lantheus Holdings, Inc.(2) | 8,848 | 654,398 | ||||||
Lattice Semiconductor Corp.(2) | 9,965 | 846,626 | ||||||
Manhattan Associates, Inc.(2) | 5,068 | 728,525 | ||||||
MGP Ingredients, Inc. | 4,611 | 467,740 | ||||||
ModivCare, Inc.(2) | 4,956 | 486,630 | ||||||
MRC Global, Inc.(2) | 54,859 | 614,421 | ||||||
Natera, Inc.(2) | 10,897 | 529,049 | ||||||
National Instruments Corp. | 5,524 | 279,017 | ||||||
NOW, Inc.(2) | 109,474 | 1,406,741 | ||||||
Ollie's Bargain Outlet Holdings, Inc.(2) | 8,301 | 477,640 | ||||||
Onto Innovation, Inc.(2) | 5,601 | 461,914 | ||||||
Option Care Health, Inc.(2) | 13,941 | 427,570 | ||||||
Paycor HCM, Inc.(2) | 10,877 | 269,423 | ||||||
Planet Fitness, Inc., Class A(2) | 6,121 | 496,107 | ||||||
Progyny, Inc.(2) | 13,366 | 502,027 | ||||||
Pure Storage, Inc., Class A(2) | 20,944 | 597,742 | ||||||
QuinStreet, Inc.(2) | 26,517 | 449,994 | ||||||
R1 RCM, Inc.(2) | 43,956 | 624,175 | ||||||
RadNet, Inc.(2) | 32,059 | 756,112 | ||||||
RLI Corp. | 1,460 | 201,349 | ||||||
Ryman Hospitality Properties, Inc. | 11,296 | 1,047,930 | ||||||
Saia, Inc.(2) | 3,166 | 857,574 | ||||||
Silk Road Medical, Inc.(2) | 9,163 | 485,547 | ||||||
SouthState Corp. | 5,691 | 459,150 |
Sovos Brands, Inc.(2) | 13,183 | 172,302 | ||||||
SPS Commerce, Inc.(2) | 5,442 | 819,783 | ||||||
StepStone Group, Inc., Class A | 22,644 | 647,618 | ||||||
Summit Materials, Inc., Class A(2) | 25,318 | 747,894 | ||||||
Tenable Holdings, Inc.(2) | 17,061 | 754,608 | ||||||
Toll Brothers, Inc. | 10,359 | 620,918 | ||||||
Transocean Ltd.(2) | 124,669 | 871,436 | ||||||
Trex Co., Inc.(2) | 10,140 | 518,458 | ||||||
Weatherford International PLC(2) | 12,461 | 830,152 | ||||||
Wintrust Financial Corp. | 10,996 | 1,013,061 | ||||||
46,172,596 | ||||||||
TOTAL COMMON STOCKS (Cost $77,507,866) | 87,601,296 | |||||||
EXCHANGE-TRADED FUNDS — 2.0% | ||||||||
Schwab International Small-Cap Equity ETF(1) | 30,180 | 1,006,201 | ||||||
Schwab US Small-Cap ETF | 18,429 | 809,217 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,732,708) | 1,815,418 | |||||||
SHORT-TERM INVESTMENTS — 6.5% | ||||||||
Money Market Funds — 5.6% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 1,766 | 1,766 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 4,981,740 | 4,981,740 | ||||||
4,983,506 | ||||||||
Repurchase Agreements — 0.9% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $212,184), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $208,382) | 208,356 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 3.25%, 6/30/2029, valued at $660,997), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $648,082) | 648,000 | |||||||
856,356 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,839,862) | 5,839,862 | |||||||
TOTAL INVESTMENT SECURITIES — 106.4% (Cost $85,080,436) | 95,256,576 | |||||||
OTHER ASSETS AND LIABILITIES — (6.4)% | (5,758,802) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 89,497,774 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Industrials | 22.6% | ||||
Consumer Discretionary | 16.1% | ||||
Financials | 13.5% | ||||
Information Technology | 12.7% | ||||
Health Care | 10.1% | ||||
Real Estate | 5.7% | ||||
Materials | 5.3% | ||||
Energy | 4.4% | ||||
Consumer Staples | 3.5% | ||||
Communication Services | 2.2% | ||||
Utilities | 1.8% | ||||
Exchange-Traded Funds | 2.0% | ||||
Short-Term Investments | 6.5% | ||||
Other Assets and Liabilities | (6.4)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | – | American Depositary Receipt |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | — | $ | 2,322,115 | — | |||||||
Belgium | — | 1,314,630 | — | ||||||||
Canada | $ | 660,421 | 5,908,530 | — | |||||||
China | 805,657 | 2,032,854 | — | ||||||||
Finland | — | 746,513 | — | ||||||||
France | — | 1,814,151 | — | ||||||||
Germany | — | 973,980 | — | ||||||||
Hong Kong | — | 1,061,671 | — | ||||||||
Ireland | — | 688,521 | — | ||||||||
Italy | — | 713,898 | — | ||||||||
Japan | — | 8,087,229 | — | ||||||||
Mexico | — | 438,627 | — | ||||||||
Netherlands | — | 856,048 | — | ||||||||
Norway | — | 1,031,614 | — | ||||||||
Spain | — | 951,083 | — | ||||||||
Sweden | — | 2,812,692 | — | ||||||||
Taiwan | — | 2,113,140 | — | ||||||||
United Kingdom | 441,875 | 3,246,434 | — | ||||||||
Other Countries | 48,579,613 | — | — | ||||||||
Exchange-Traded Funds | 1,815,418 | — | — | ||||||||
Short-Term Investments | 4,983,506 | 856,356 | — | ||||||||
$ | 57,286,490 | $ | 37,970,086 | — |