Vaughan Nelson International Fund
SCHEDULE OF INVESTMENTS
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS — 96.8% | ||
AUSTRALIA — 6.5% | ||
45,123 | ALS Ltd. | $370,726 |
166,115 | Capricorn Metals Ltd. * | 495,239 |
99,635 | Steadfast Group Ltd. | 385,520 |
184,677 | Ventia Services Group Pty Ltd. | 396,214 |
1,647,699 | ||
AUSTRIA — 2.6% | ||
2,485 | DO & Co. A.G. | 346,444 |
13,367 | Kontron A.G. | 309,997 |
656,441 | ||
BELGIUM — 2.2% | ||
2,744 | D'ieteren Group | 554,338 |
CANADA — 1.0% | ||
1,875 | TFI International, Inc. | 246,406 |
CHINA — 0.9% | ||
278,900 | Focus Media Information Technology Co., Ltd. - Class A | 219,691 |
DENMARK — 1.3% | ||
2,165 | Pandora A/S | 316,341 |
FINLAND — 2.2% | ||
32,785 | Metso Oyj | 327,683 |
8,083 | Valmet Oyj | 228,786 |
556,469 | ||
FRANCE — 8.6% | ||
3,548 | Alten S.A. | 548,608 |
17,325 | Bureau Veritas S.A. | 460,840 |
4,555 | Eurazeo S.E. | 388,007 |
2,110 | Sopra Steria Group | 494,923 |
12,386 | Tikehau Capital SCA | 283,781 |
2,176,159 | ||
GERMANY — 6.8% | ||
16,553 | AIXTRON S.E. | 616,091 |
14,011 | Jenoptik A.G. | 437,565 |
8,981 | Jungheinrich A.G. | 302,303 |
2,850 | Krones A.G. | 353,196 |
1,709,155 | ||
IRELAND — 1.0% | ||
6,696 | Smurfit Kappa Group PLC | 249,532 |
ITALY — 1.3% | ||
100,817 | Piaggio & C S.p.A. | 335,149 |
Vaughan Nelson International Fund
SCHEDULE OF INVESTMENTS - Continued
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
JAPAN — 35.5% | ||
28,310 | Ai Holdings Corp. | $475,241 |
34,100 | ASKUL Corp. | 460,918 |
13,112 | Change Holdings, Inc. | 120,581 |
16,250 | Dentsu Soken, Inc. | 606,707 |
15,910 | Fukuoka Financial Group, Inc. | 391,025 |
33,770 | Future Corp. | 400,804 |
6,170 | Horiba Ltd. | 495,044 |
31,420 | Internet Initiative Japan, Inc. | 609,278 |
15,600 | JCU Corp. | 393,689 |
9,710 | Jeol Ltd. | 443,882 |
11,266 | JSB Co., Ltd. | 201,563 |
14,850 | Kato Sangyo Co., Ltd. | 484,222 |
17,560 | Kyoto Financial Group, Inc. | 291,838 |
11,310 | Nakanishi, Inc. | 185,098 |
20,798 | Nippon Ceramic Co., Ltd. | 376,639 |
21,900 | Optex Group Co., Ltd. | 271,977 |
31,880 | Raito Kogyo Co., Ltd. | 445,654 |
9,450 | Taiyo Yuden Co., Ltd. | 228,272 |
6,597 | Takeuchi Manufacturing Co., Ltd. | 225,537 |
26,160 | TKC Corp. | 677,618 |
18,830 | Usen-Next Holdings Co., Ltd. | 546,540 |
5,260 | Visional, Inc. * | 329,206 |
8,157 | Zenkoku Hosho Co., Ltd. | 303,550 |
8,964,883 | ||
JERSEY — 2.0% | ||
50,746 | JTC PLC 1 | 510,084 |
LUXEMBOURG — 3.0% | ||
11,833 | Befesa S.A. 1 | 415,836 |
7,636 | Shurgard Self Storage Ltd. - REIT | 354,182 |
770,018 | ||
NORWAY — 2.7% | ||
7,240 | Aker A.S.A. - Class A | 430,211 |
9,390 | Aker BP A.S.A. | 249,224 |
679,435 | ||
SPAIN — 1.0% | ||
4,421 | Viscofan S.A. | 258,963 |
SWEDEN — 2.8% | ||
35,629 | Dometic Group A.B. 1 | 283,531 |
44,935 | Securitas A.B. - B Shares | 436,499 |
720,030 |
Vaughan Nelson International Fund
SCHEDULE OF INVESTMENTS - Continued
As of January 31, 2024 (Unaudited)
Number of Shares | Value | |
COMMON STOCKS (Continued) | ||
UNITED KINGDOM — 15.4% | ||
4,430 | 4imprint Group PLC | $303,775 |
82,155 | Beazley PLC | 565,507 |
9,730 | Bunzl PLC | 395,414 |
11,113 | Computacenter PLC | 405,983 |
105,920 | ConvaTec Group PLC 1 | 322,351 |
12,910 | CVS Group PLC | 276,164 |
30,448 | Inchcape PLC | 262,174 |
68,440 | QinetiQ Group PLC | 309,086 |
2,986 | Renewi PLC * | 22,209 |
51,807 | RS GROUP PLC | 513,343 |
35,070 | YouGov PLC | 517,761 |
3,893,767 | ||
Total Common Stocks | ||
(Cost $22,652,267) | 24,464,560 |
Principal Amount | ||
SHORT-TERM INVESTMENTS — 1.8% | ||
$460,496 | UMB Bank, Institutional Banking Money Market II Deposit Investment, 4.78%2 | 460,496 |
Total Short-Term Investments | ||
(Cost $460,496) | 460,496 | |
TOTAL INVESTMENTS — 98.6% | ||
(Cost $23,112,763) | 24,925,056 | |
Other Assets in Excess of Liabilities — 1.4% | 355,143 | |
TOTAL NET ASSETS — 100.0% | $25,280,199 |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
*Non-income producing security. |
1Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $1,531,802, which represents 6.06% of total net assets of the Fund. |
2The rate is the annualized seven-day yield at period end. |