Global Small Cap - Schedule of Investments | ||
AUGUST 31, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.0% | ||||||||
Australia — 1.6% | ||||||||
carsales.com Ltd. | 50,467 | 938,602 | ||||||
Pinnacle Investment Management Group Ltd. | 68,361 | 411,470 | ||||||
1,350,072 | ||||||||
Belgium — 0.1% | ||||||||
D'ieteren Group | 505 | 82,479 | ||||||
Brazil — 1.0% | ||||||||
Direcional Engenharia SA | 97,700 | 393,597 | ||||||
TOTVS SA | 82,000 | 456,692 | ||||||
850,289 | ||||||||
Canada — 7.9% | ||||||||
ATS Corp.(1) | 13,400 | 600,856 | ||||||
Boardwalk Real Estate Investment Trust | 17,909 | 906,186 | ||||||
Brookfield Infrastructure Corp., Class A | 14,869 | 577,661 | ||||||
Capstone Copper Corp.(1)(2) | 202,594 | 943,100 | ||||||
Element Fleet Management Corp. | 54,988 | 845,249 | ||||||
FirstService Corp. | 7,004 | 1,059,153 | ||||||
Kinaxis, Inc.(1) | 4,588 | 565,588 | ||||||
Stantec, Inc. | 20,036 | 1,338,402 | ||||||
6,836,195 | ||||||||
China — 0.7% | ||||||||
Poly Property Services Co. Ltd., Class H | 16,400 | 76,126 | ||||||
Tongcheng Travel Holdings Ltd.(1) | 246,000 | 551,300 | ||||||
627,426 | ||||||||
Finland — 0.6% | ||||||||
Metso Oyj | 46,875 | 538,384 | ||||||
France — 1.3% | ||||||||
Gaztransport Et Technigaz SA | 2,717 | 336,459 | ||||||
SPIE SA | 27,168 | 813,331 | ||||||
1,149,790 | ||||||||
Germany — 3.9% | ||||||||
AIXTRON SE | 18,641 | 707,658 | ||||||
CTS Eventim AG & Co. KGaA | 12,598 | 783,703 | ||||||
HelloFresh SE(1) | 15,958 | 514,296 | ||||||
Hugo Boss AG | 2,858 | 215,151 | ||||||
KION Group AG | 15,694 | 626,524 | ||||||
Redcare Pharmacy NV(1) | 4,868 | 579,701 | ||||||
3,427,033 | ||||||||
Hong Kong — 1.8% | ||||||||
Samsonite International SA(1) | 461,100 | 1,543,564 | ||||||
India — 0.5% | ||||||||
WNS Holdings Ltd., ADR(1) | 6,537 | 427,193 | ||||||
Ireland — 0.5% | ||||||||
AIB Group PLC | 100,823 | 458,900 | ||||||
Israel — 2.7% | ||||||||
CyberArk Software Ltd.(1) | 4,055 | 673,292 | ||||||
Inmode Ltd.(1) | 26,359 | 1,030,374 | ||||||
Nova Ltd.(1) | 5,132 | 661,720 | ||||||
2,365,386 | ||||||||
Italy — 1.7% | ||||||||
BPER Banca | 311,680 | 938,554 | ||||||
Eurogroup Laminations SpA(1) | 71,729 | 393,632 | ||||||
Interpump Group SpA | 3,064 | 154,901 | ||||||
1,487,087 | ||||||||
Japan — 8.9% | ||||||||
Asics Corp. | 43,300 | 1,575,940 | ||||||
Goldwin, Inc. | 5,900 | 421,487 | ||||||
Invincible Investment Corp. | 2,271 | 943,450 | ||||||
Japan Airport Terminal Co. Ltd. | 13,300 | 630,389 | ||||||
JMDC, Inc. | 19,600 | 586,168 | ||||||
MatsukiyoCocokara & Co. | 13,100 | 771,334 | ||||||
Money Forward, Inc.(1) | 18,400 | 691,729 | ||||||
Nippon Gas Co. Ltd.(2) | 13,100 | 203,911 | ||||||
Ryohin Keikaku Co. Ltd.(2) | 34,700 | 447,362 | ||||||
Socionext, Inc. | 5,100 | 631,022 | ||||||
TechnoPro Holdings, Inc. | 22,100 | 542,014 | ||||||
Toyo Suisan Kaisha Ltd. | 7,400 | 305,114 | ||||||
7,749,920 | ||||||||
Mexico — 1.5% | ||||||||
Corp. Inmobiliaria Vesta SAB de CV(2) | 169,814 | 627,845 | ||||||
Gentera SAB de CV | 553,386 | 674,105 | ||||||
1,301,950 | ||||||||
Netherlands — 0.2% | ||||||||
Basic-Fit NV(1)(2) | 6,528 | 198,931 | ||||||
Norway — 0.9% | ||||||||
Aker Solutions ASA | 188,154 | 785,828 | ||||||
South Korea — 1.0% | ||||||||
JYP Entertainment Corp. | 10,137 | 859,718 | ||||||
Spain — 1.2% | ||||||||
CIE Automotive SA | 13,376 | 406,793 | ||||||
Sacyr SA(2) | 189,090 | 602,162 | ||||||
1,008,955 | ||||||||
Sweden — 1.9% | ||||||||
Fortnox AB | 75,146 | 390,324 | ||||||
Thule Group AB | 18,595 | 537,437 | ||||||
Trelleborg AB, B Shares | 27,128 | 688,695 | ||||||
1,616,456 | ||||||||
Switzerland — 0.7% | ||||||||
Dufry AG(1) | 13,124 | 583,133 | ||||||
Taiwan — 1.9% | ||||||||
Lotes Co. Ltd. | 16,000 | 432,397 | ||||||
Poya International Co. Ltd. | 29,300 | 446,493 | ||||||
Wiwynn Corp. | 16,000 | 779,751 | ||||||
1,658,641 | ||||||||
United Kingdom — 3.3% | ||||||||
Games Workshop Group PLC | 3,093 | 423,532 | ||||||
Indivior PLC(1) | 27,406 | 630,616 | ||||||
Intermediate Capital Group PLC | 46,865 | 800,903 | ||||||
Rotork PLC | 126,300 | 480,004 | ||||||
Tritax Big Box REIT PLC | 292,416 | 522,285 | ||||||
2,857,340 | ||||||||
United States — 53.2% | ||||||||
ADMA Biologics, Inc.(1) | 115,921 | 446,296 | ||||||
Alphatec Holdings, Inc.(1) | 27,520 | 449,952 |
Antero Resources Corp.(1) | 28,692 | 793,908 | ||||||
ATI, Inc.(1) | 18,339 | 831,307 | ||||||
Avid Bioservices, Inc.(1) | 7,183 | 84,759 | ||||||
AZEK Co., Inc.(1) | 29,258 | 995,065 | ||||||
Bancorp, Inc.(1) | 18,259 | 670,288 | ||||||
Bowlero Corp.(1)(2) | 15,738 | 173,118 | ||||||
Clean Harbors, Inc.(1) | 5,161 | 873,964 | ||||||
Commerce Bancshares, Inc. | 12,512 | 614,214 | ||||||
Commercial Metals Co. | 16,202 | 912,011 | ||||||
Construction Partners, Inc., Class A(1) | 21,517 | 747,716 | ||||||
Crocs, Inc.(1) | 2,172 | 211,422 | ||||||
DoubleVerify Holdings, Inc.(1) | 14,347 | 485,072 | ||||||
Driven Brands Holdings, Inc.(1) | 23,279 | 350,349 | ||||||
elf Beauty, Inc.(1) | 6,461 | 896,205 | ||||||
Ensign Group, Inc. | 4,290 | 429,944 | ||||||
Eventbrite, Inc., Class A(1) | 56,780 | 575,181 | ||||||
Evercore, Inc., Class A | 4,715 | 660,336 | ||||||
Evolent Health, Inc., Class A(1) | 16,060 | 409,691 | ||||||
Freshpet, Inc.(1) | 5,871 | 443,319 | ||||||
FTI Consulting, Inc.(1) | 3,461 | 643,123 | ||||||
Guidewire Software, Inc.(1) | 9,679 | 836,556 | ||||||
GXO Logistics, Inc.(1) | 13,839 | 885,281 | ||||||
H&E Equipment Services, Inc. | 11,930 | 540,668 | ||||||
Hamilton Lane, Inc., Class A | 4,737 | 439,546 | ||||||
Hayward Holdings, Inc.(1) | 52,202 | 772,590 | ||||||
Healthcare Services Group, Inc. | 18,268 | 210,995 | ||||||
HealthEquity, Inc.(1) | 10,429 | 704,479 | ||||||
Huron Consulting Group, Inc.(1) | 8,692 | 868,765 | ||||||
Inspire Medical Systems, Inc.(1) | 1,977 | 448,542 | ||||||
Inter Parfums, Inc. | 4,826 | 674,337 | ||||||
Jabil, Inc. | 5,493 | 628,509 | ||||||
JELD-WEN Holding, Inc.(1) | 39,908 | 601,813 | ||||||
Kinsale Capital Group, Inc. | 3,370 | 1,343,383 | ||||||
Lattice Semiconductor Corp.(1) | 7,230 | 703,190 | ||||||
Littelfuse, Inc. | 1,848 | 493,564 | ||||||
Louisiana-Pacific Corp. | 7,370 | 460,478 | ||||||
MACOM Technology Solutions Holdings, Inc.(1) | 2,077 | 175,631 | ||||||
Manhattan Associates, Inc.(1) | 3,624 | 734,295 | ||||||
MGP Ingredients, Inc. | 5,250 | 629,475 | ||||||
Modine Manufacturing Co.(1) | 15,924 | 757,823 | ||||||
Natera, Inc.(1) | 9,780 | 574,379 | ||||||
Newmark Group, Inc., Class A | 55,866 | 396,090 | ||||||
NOW, Inc.(1) | 62,247 | 695,299 | ||||||
O-I Glass, Inc.(1) | 30,856 | 612,800 | ||||||
Ollie's Bargain Outlet Holdings, Inc.(1) | 11,578 | 892,432 | ||||||
Onto Innovation, Inc.(1) | 6,577 | 914,071 | ||||||
Power Integrations, Inc. | 5,084 | 427,158 | ||||||
Pure Storage, Inc., Class A(1) | 17,290 | 632,641 | ||||||
R1 RCM, Inc.(1) | 42,763 | 737,234 | ||||||
RadNet, Inc.(1) | 36,502 | 1,219,532 | ||||||
RLI Corp. | 4,963 | 652,734 | ||||||
Ryman Hospitality Properties, Inc. | 10,870 | 924,276 | ||||||
scPharmaceuticals, Inc.(1)(2) | 36,781 | 282,478 | ||||||
Shift4 Payments, Inc., Class A(1) | 9,807 | 556,939 | ||||||
Sigma Lithium Corp.(1) | 15,466 | 473,878 |
SouthState Corp. | 8,164 | 590,257 | ||||||
SPS Commerce, Inc.(1) | 4,775 | 888,771 | ||||||
Summit Materials, Inc., Class A(1) | 21,276 | 795,935 | ||||||
Surgery Partners, Inc.(1) | 14,440 | 523,594 | ||||||
Tenable Holdings, Inc.(1) | 24,969 | 1,132,843 | ||||||
Terreno Realty Corp. | 6,682 | 406,867 | ||||||
Toll Brothers, Inc. | 16,730 | 1,370,689 | ||||||
TransMedics Group, Inc.(1) | 6,473 | 424,823 | ||||||
Transocean Ltd.(1) | 141,793 | 1,159,867 | ||||||
Trex Co., Inc.(1) | 6,473 | 461,978 | ||||||
Wayfair, Inc., Class A(1) | 12,772 | 882,673 | ||||||
Weatherford International PLC(1) | 13,231 | 1,171,208 | ||||||
Wintrust Financial Corp. | 9,551 | 741,253 | ||||||
46,149,859 | ||||||||
TOTAL COMMON STOCKS (Cost $73,060,753) | 85,914,529 | |||||||
EXCHANGE-TRADED FUNDS — 0.8% | ||||||||
Schwab International Small-Cap Equity ETF | 10,613 | 361,054 | ||||||
Schwab US Small-Cap ETF | 8,158 | 360,747 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $688,358) | 721,801 | |||||||
SHORT-TERM INVESTMENTS — 1.1% | ||||||||
Money Market Funds — 0.8% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 1,208 | 1,208 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio(3) | 660,840 | 660,840 | ||||||
662,048 | ||||||||
Repurchase Agreements — 0.3% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.375% - 3.00%, 5/15/47 - 5/15/51, valued at $42,990), in a joint trading account at 5.25%, dated 8/31/23, due 9/1/23 (Delivery value $42,119) | 42,113 | |||||||
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.625%, 3/31/27, valued at $213,236), at 5.28%, dated 8/31/23, due 9/1/23 (Delivery value $209,031) | 209,000 | |||||||
251,113 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $913,161) | 913,161 | |||||||
TOTAL INVESTMENT SECURITIES — 100.9% (Cost $74,662,272) | 87,549,491 | |||||||
OTHER ASSETS AND LIABILITIES — (0.9)% | (743,544) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 86,805,947 |
MARKET SECTOR DIVERSIFICATION | |||||
(as a % of net assets) | |||||
Industrials | 18.7% | ||||
Information Technology | 16.2% | ||||
Consumer Discretionary | 13.9% | ||||
Financials | 12.1% | ||||
Health Care | 10.4% | ||||
Real Estate | 6.8% | ||||
Materials | 5.8% | ||||
Consumer Staples | 5.6% | ||||
Energy | 4.9% | ||||
Communication Services | 3.7% | ||||
Utilities | 0.9% | ||||
Exchange-Traded Funds | 0.8% | ||||
Short-Term Investments | 1.1% | ||||
Other Assets and Liabilities | (0.9)% |
NOTES TO SCHEDULE OF INVESTMENTS | ||||||||
ADR | – | American Depositary Receipt |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | |||||||||||
Australia | — | $ | 1,350,072 | — | |||||||
Belgium | — | 82,479 | — | ||||||||
Brazil | — | 850,289 | — | ||||||||
Canada | $ | 1,178,517 | 5,657,678 | — | |||||||
China | — | 627,426 | — | ||||||||
Finland | — | 538,384 | — | ||||||||
France | — | 1,149,790 | — | ||||||||
Germany | — | 3,427,033 | — | ||||||||
Hong Kong | — | 1,543,564 | — | ||||||||
Ireland | — | 458,900 | — | ||||||||
Italy | — | 1,487,087 | — | ||||||||
Japan | — | 7,749,920 | — | ||||||||
Mexico | — | 1,301,950 | — | ||||||||
Netherlands | — | 198,931 | — | ||||||||
Norway | — | 785,828 | — | ||||||||
South Korea | — | 859,718 | — | ||||||||
Spain | — | 1,008,955 | — | ||||||||
Sweden | — | 1,616,456 | — | ||||||||
Switzerland | — | 583,133 | — | ||||||||
Taiwan | — | 1,658,641 | — | ||||||||
United Kingdom | — | 2,857,340 | — | ||||||||
Other Countries | 48,942,438 | — | — | ||||||||
Exchange-Traded Funds | 721,801 | — | — | ||||||||
Short-Term Investments | 662,048 | 251,113 | — | ||||||||
$ | 51,504,804 | $ | 36,044,687 | — |