International Opportunities - Schedule of Investments | ||
FEBRUARY 28, 2023 (UNAUDITED) |
Shares/ Principal Amount ($) | Value ($) | |||||||
COMMON STOCKS — 98.5% | ||||||||
Australia — 6.9% | ||||||||
Allkem Ltd.(1) | 270,263 | 2,054,514 | ||||||
ALS Ltd. | 577,802 | 4,916,280 | ||||||
Altium Ltd. | 117,322 | 3,078,911 | ||||||
carsales.com Ltd. | 158,125 | 2,405,558 | ||||||
Champion Iron Ltd. | 487,974 | 2,403,344 | ||||||
IDP Education Ltd. | 258,293 | 4,967,283 | ||||||
Johns Lyng Group Ltd.(2) | 121,224 | 506,315 | ||||||
Lynas Rare Earths Ltd.(1) | 288,550 | 1,584,717 | ||||||
NEXTDC Ltd.(1) | 695,018 | 4,781,992 | ||||||
Pinnacle Investment Management Group Ltd.(2) | 539,000 | 3,326,359 | ||||||
Steadfast Group Ltd. | 743,671 | 2,910,978 | ||||||
32,936,251 | ||||||||
Belgium — 0.6% | ||||||||
Euronav NV | 150,904 | 2,763,407 | ||||||
Brazil — 1.0% | ||||||||
Cia Brasileira de Aluminio | 1,385,300 | 2,751,840 | ||||||
TOTVS SA | 426,300 | 2,233,506 | ||||||
4,985,346 | ||||||||
Canada — 13.9% | ||||||||
Alamos Gold, Inc., Class A | 438,214 | 4,467,246 | ||||||
Altus Group Ltd. | 70,600 | 3,156,174 | ||||||
Aritzia, Inc.(1) | 139,191 | 4,237,445 | ||||||
ATS Corp.(1)(2) | 71,954 | 2,902,944 | ||||||
Boyd Group Services, Inc. | 23,094 | 3,653,743 | ||||||
Brookfield Infrastructure Corp., Class A(2) | 135,582 | 5,858,498 | ||||||
Capstone Copper Corp.(1)(2) | 1,167,468 | 5,193,500 | ||||||
Descartes Systems Group, Inc.(1) | 60,667 | 4,474,553 | ||||||
ERO Copper Corp.(1) | 180,698 | 2,833,959 | ||||||
Finning International, Inc. | 223,539 | 5,669,978 | ||||||
Interfor Corp.(1) | 98,296 | 1,654,715 | ||||||
Kinaxis, Inc.(1) | 38,124 | 4,430,431 | ||||||
Pet Valu Holdings Ltd. | 89,486 | 2,804,922 | ||||||
Secure Energy Services, Inc. | 505,416 | 3,178,065 | ||||||
Stantec, Inc.(2) | 135,622 | 7,877,904 | ||||||
SunOpta, Inc.(1) | 321,959 | 2,472,645 | ||||||
Whitecap Resources, Inc.(2) | 197,303 | 1,512,488 | ||||||
66,379,210 | ||||||||
China — 4.5% | ||||||||
Bosideng International Holdings Ltd. | 6,392,000 | 3,545,784 | ||||||
China Yongda Automobiles Services Holdings Ltd. | 2,824,000 | 2,183,087 | ||||||
Kanzhun Ltd., ADR(1) | 218,105 | 4,394,816 | ||||||
Poly Property Services Co. Ltd., Class H(2) | 698,800 | 4,237,534 | ||||||
Tongcheng Travel Holdings Ltd.(1) | 1,992,400 | 3,954,869 | ||||||
Xtep International Holdings Ltd. | 2,964,000 | 3,352,673 | ||||||
21,668,763 | ||||||||
Denmark — 2.0% | ||||||||
Jyske Bank A/S(1) | 72,100 | 6,039,141 |
NKT A/S(1) | 78,031 | 3,619,049 | ||||||
9,658,190 | ||||||||
Finland — 2.4% | ||||||||
Huhtamaki Oyj | 82,339 | 2,906,816 | ||||||
Metso Outotec Oyj | 450,031 | 4,787,783 | ||||||
QT Group Oyj(1) | 3,462 | 257,129 | ||||||
Valmet Oyj(2) | 108,703 | 3,587,114 | ||||||
11,538,842 | ||||||||
France — 3.6% | ||||||||
Alten SA | 32,604 | 5,088,391 | ||||||
Elis SA | 375,439 | 6,733,447 | ||||||
OVH Groupe SAS(1)(2) | 161,444 | 2,431,383 | ||||||
SOITEC(1) | 20,406 | 3,036,504 | ||||||
17,289,725 | ||||||||
Germany — 2.0% | ||||||||
AIXTRON SE | 94,524 | 2,899,095 | ||||||
HUGO BOSS AG | 62,720 | 4,289,688 | ||||||
KION Group AG | 57,787 | 2,263,283 | ||||||
9,452,066 | ||||||||
Hong Kong — 1.2% | ||||||||
Samsonite International SA(1) | 1,981,200 | 5,560,090 | ||||||
India — 5.3% | ||||||||
Max Healthcare Institute Ltd.(1) | 921,765 | 4,747,937 | ||||||
Persistent Systems Ltd. | 62,762 | 3,634,629 | ||||||
Prestige Estates Projects Ltd. | 501,103 | 2,458,645 | ||||||
PVR Ltd.(1) | 124,654 | 2,286,962 | ||||||
Varun Beverages Ltd. | 258,634 | 4,065,969 | ||||||
WNS Holdings Ltd., ADR(1) | 94,299 | 8,196,469 | ||||||
25,390,611 | ||||||||
Israel — 2.7% | ||||||||
CyberArk Software Ltd.(1) | 18,939 | 2,741,799 | ||||||
Inmode Ltd.(1) | 149,567 | 5,281,211 | ||||||
Nova Ltd.(1) | 52,117 | 4,720,758 | ||||||
12,743,768 | ||||||||
Italy — 2.1% | ||||||||
Banca Generali SpA | 132,434 | 4,576,821 | ||||||
Brembo SpA | 351,058 | 5,535,322 | ||||||
10,112,143 | ||||||||
Japan — 17.7% | ||||||||
Asics Corp. | 283,300 | 7,173,104 | ||||||
BayCurrent Consulting, Inc.(2) | 117,100 | 4,597,071 | ||||||
Food & Life Cos. Ltd. | 26,600 | 673,158 | ||||||
GMO Financial Gate, Inc. | 50,300 | 3,278,725 | ||||||
IHI Corp. | 139,700 | 3,627,855 | ||||||
Insource Co. Ltd. | 219,800 | 1,996,244 | ||||||
Internet Initiative Japan, Inc. | 300,500 | 6,019,287 | ||||||
Invincible Investment Corp. | 12,932 | 5,211,757 | ||||||
Japan Airport Terminal Co. Ltd.(1) | 89,000 | 4,357,908 | ||||||
JMDC, Inc. | 68,000 | 2,146,990 | ||||||
Kotobuki Spirits Co. Ltd. | 71,600 | 4,602,201 | ||||||
MatsukiyoCocokara & Co. | 83,900 | 3,898,925 | ||||||
Menicon Co. Ltd.(2) | 94,600 | 2,026,866 | ||||||
m-up Holdings, Inc.(2) | 386,500 | 3,001,611 | ||||||
Nagoya Railroad Co. Ltd. | 91,400 | 1,387,242 |
Nextage Co. Ltd.(2) | 135,900 | 3,055,592 | ||||||
Nippon Gas Co. Ltd. | 210,500 | 2,940,647 | ||||||
Rohto Pharmaceutical Co. Ltd. | 212,200 | 3,857,552 | ||||||
Socionext, Inc.(1) | 38,000 | 2,689,088 | ||||||
Taiyo Yuden Co. Ltd.(2) | 111,900 | 3,388,555 | ||||||
TechnoPro Holdings, Inc. | 74,600 | 1,892,906 | ||||||
Tokyo Ohka Kogyo Co. Ltd. | 83,800 | 4,423,331 | ||||||
Toyo Suisan Kaisha Ltd. | 89,400 | 3,616,770 | ||||||
Visional, Inc.(1) | 60,100 | 4,026,632 | ||||||
West Holdings Corp.(2) | 37,200 | 915,599 | ||||||
84,805,616 | ||||||||
Mexico — 1.8% | ||||||||
Grupo Aeroportuario del Centro Norte SAB de CV | 328,844 | 3,144,206 | ||||||
Regional SAB de CV | 663,660 | 5,506,167 | ||||||
8,650,373 | ||||||||
Netherlands — 2.0% | ||||||||
AMG Advanced Metallurgical Group NV | 119,495 | 4,705,091 | ||||||
ASR Nederland NV | 26,275 | 1,195,797 | ||||||
Basic-Fit NV(1)(2) | 107,549 | 3,768,390 | ||||||
9,669,278 | ||||||||
New Zealand — 0.9% | ||||||||
a2 Milk Co. Ltd.(1) | 991,943 | 4,409,056 | ||||||
Norway — 1.0% | ||||||||
TGS ASA | 261,363 | 4,704,706 | ||||||
South Africa — 1.0% | ||||||||
Bidvest Group Ltd. | 378,268 | 4,823,618 | ||||||
South Korea — 2.1% | ||||||||
AfreecaTV Co. Ltd. | 30,296 | 2,042,110 | ||||||
JYP Entertainment Corp.(1) | 80,124 | 4,758,876 | ||||||
L&F Co. Ltd. | 16,336 | 3,232,363 | ||||||
10,033,349 | ||||||||
Sweden — 7.0% | ||||||||
AddTech AB, B Shares | 208,120 | 3,724,910 | ||||||
Avanza Bank Holding AB(2) | 142,848 | 3,778,011 | ||||||
Fortnox AB | 544,171 | 3,229,096 | ||||||
Hexatronic Group AB | 319,372 | 3,719,045 | ||||||
Saab AB, B Shares | 181,934 | 10,499,418 | ||||||
Trelleborg AB, B Shares | 190,208 | 4,902,518 | ||||||
Vitrolife AB | 172,104 | 3,455,659 | ||||||
33,308,657 | ||||||||
Switzerland — 0.7% | ||||||||
Tecan Group AG | 8,477 | 3,426,015 | ||||||
Taiwan — 4.7% | ||||||||
Airtac International Group | 144,131 | 5,031,292 | ||||||
ASPEED Technology, Inc. | 44,700 | 4,017,752 | ||||||
E Ink Holdings, Inc. | 424,000 | 2,683,036 | ||||||
Pegavision Corp. | 344,000 | 5,048,032 | ||||||
Sinbon Electronics Co. Ltd. | 559,000 | 5,442,094 | ||||||
22,222,206 | ||||||||
Thailand — 1.9% | ||||||||
Bangkok Bank PCL, NVDR | 1,017,200 | 4,704,930 | ||||||
Central Retail Corp. PCL, NVDR | 3,318,300 | 4,198,654 | ||||||
8,903,584 | ||||||||
United Kingdom — 9.5% | ||||||||
Abcam PLC, ADR(1) | 173,051 | 2,493,665 |
B&M European Value Retail SA | 545,383 | 3,223,940 | ||||||
ConvaTec Group PLC | 1,911,927 | 5,161,153 | ||||||
Diploma PLC | 134,028 | 4,478,240 | ||||||
Endava PLC, ADR(1) | 48,823 | 3,883,381 | ||||||
Golar LNG Ltd.(1) | 107,642 | 2,457,467 | ||||||
Greggs PLC | 128,577 | 4,199,024 | ||||||
Intermediate Capital Group PLC | 238,331 | 4,012,306 | ||||||
RS GROUP PLC | 213,224 | 2,507,095 | ||||||
Tate & Lyle PLC | 274,161 | 2,645,033 | ||||||
Watches of Switzerland Group PLC(1) | 443,071 | 4,432,660 | ||||||
WH Smith PLC | 188,791 | 3,596,044 | ||||||
Wise PLC, Class A(1) | 324,021 | 2,273,902 | ||||||
45,363,910 | ||||||||
TOTAL COMMON STOCKS (Cost $440,063,993) | 470,798,780 | |||||||
EXCHANGE-TRADED FUNDS — 0.1% | ||||||||
Schwab International Small-Cap Equity ETF(2) (Cost $432,670) | 13,918 | 464,026 | ||||||
SHORT-TERM INVESTMENTS — 4.4% | ||||||||
Money Market Funds — 2.9% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 9,514 | 9,514 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 13,764,983 | 13,764,983 | ||||||
13,774,497 | ||||||||
Repurchase Agreements — 1.5% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 0.50% - 4.375%, 12/15/24 - 11/15/39, valued at $1,806,669), in a joint trading account at 4.44%, dated 2/28/23, due 3/1/23 (Delivery value $1,774,288) | 1,774,069 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.25%, 07/15/29, valued at $5,633,524), at 4.53%, dated 2/28/23, due 3/1/23 (Delivery value $5,523,695) | 5,523,000 | |||||||
7,297,069 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $21,071,566) | 21,071,566 | |||||||
TOTAL INVESTMENT SECURITIES — 103.0% (Cost $461,568,229) | 492,334,372 | |||||||
OTHER ASSETS AND LIABILITIES — (3.0)% | (14,358,219) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 477,976,153 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Industrials | 23.3% | ||||
Information Technology | 18.7% | ||||
Consumer Discretionary | 15.8% | ||||
Financials | 7.4% | ||||
Materials | 7.2% | ||||
Health Care | 7.0% | ||||
Consumer Staples | 6.2% | ||||
Communication Services | 4.6% | ||||
Real Estate | 3.2% | ||||
Energy | 3.1% | ||||
Utilities | 2.0% | ||||
Exchange-Traded Funds | 0.1% | ||||
Short-Term Investments | 4.4% | ||||
Other Assets and Liabilities | (3.0)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | – | American Depositary Receipt | ||||||
NVDR | – | Non-Voting Depositary Receipt |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Canada | $ | 8,331,143 | $ | 58,048,067 | — | ||||||
China | 4,394,816 | 17,273,947 | — | ||||||||
India | 8,196,469 | 17,194,142 | — | ||||||||
Israel | 12,743,768 | — | — | ||||||||
United Kingdom | 8,834,513 | 36,529,397 | — | ||||||||
Other Countries | — | 299,252,518 | — | ||||||||
Exchange-Traded Funds | 464,026 | — | — | ||||||||
Short-Term Investments | 13,774,497 | 7,297,069 | — | ||||||||
$ | 56,739,232 | $ | 435,595,140 | — |