CRM SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.9% | ||||||||
Communications - 2.1% | ||||||||
Telecommunications - 2.1% | ||||||||
408,303 | Vonage Holdings Corporation1 | $ | 6,581,844 | |||||
Consumer Discretionary - 14.5% | ||||||||
Apparel & Textile Products - 3.8% | ||||||||
298,317 | Steven Madden Ltd. | 11,980,411 | ||||||
Consumer Services - 0.9% | ||||||||
778,429 | Regis Corporation1 | 2,708,933 | ||||||
Home Construction - 3.7% | ||||||||
220,226 | JELD-WEN Holding, Inc.1 | 5,512,257 | ||||||
103,893 | Skyline Champion Corporation1 | 6,239,813 | ||||||
11,752,070 | ||||||||
Leisure Facilities & Services - 2.1% | ||||||||
156,268 | BJ's Restaurants, Inc. | 6,525,752 | ||||||
Wholesale - Discretionary - 4.0% | ||||||||
443,990 | G-III Apparel Group Ltd.1 | 12,564,917 | ||||||
Total Consumer Discretionary | 45,532,083 | |||||||
Consumer Staples - 5.1% | ||||||||
Beverages - 2.0% | ||||||||
392,339 | Primo Water Corporation | 6,167,569 | ||||||
Food - 1.0% | ||||||||
171,058 | Hostess Brands, Inc.1 | 2,971,277 | ||||||
Household Products - 2.1% | ||||||||
174,187 | Clearwater Paper Corp.1 | 6,676,588 | ||||||
Total Consumer Staples | 15,815,434 |
CRM SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.9% (Continued) | ||||||||
Energy - 3.3% | ||||||||
Oil & Gas Services & Equipment - 3.3% | ||||||||
461,083 | ChampionX Corporation1 | $ | 10,309,816 | |||||
Financials - 22.3% | ||||||||
Banking - 19.4% | ||||||||
149,522 | Amalgamated Financial Corp. | 2,365,438 | ||||||
150,302 | Associated Banc-Corp. | 3,219,469 | ||||||
265,561 | BancorpSouth Bank | 7,908,406 | ||||||
205,644 | BankUnited, Inc. | 8,600,032 | ||||||
380,976 | Central Pacific Financial Corp. | 9,783,464 | ||||||
328,874 | Great Western Bancorp, Inc. | 10,767,335 | ||||||
296,064 | Hancock Whitney Corporation | 13,950,536 | ||||||
358,456 | Heritage Commerce Corp. | 4,168,843 | ||||||
60,763,523 | ||||||||
Insurance - 2.9% | ||||||||
242,307 | James River Group Holdings, Ltd. | 9,142,243 | ||||||
Total Financials | 69,905,766 | |||||||
Health Care - 2.1% | ||||||||
Medical Equipment & Devices - 2.1% | ||||||||
155,294 | Envista Holdings Corporation1 | 6,492,842 | ||||||
Industrials - 21.7% | ||||||||
Aerospace & Defense - 5.2% | ||||||||
208,953 | Barnes Group, Inc. | 8,719,609 | ||||||
210,253 | Kaman Corporation | 7,499,724 | ||||||
16,219,333 |
CRM SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.9% (Continued) | ||||||||
Commercial Support Services - 4.0% | ||||||||
120,465 | Clean Harbors, Inc.1 | $ | 12,512,700 | |||||
Electrical Equipment - 3.0% | ||||||||
177,198 | SPX Corp.1 | 9,471,233 | ||||||
Industrial Intermediate Products - 5.4% | ||||||||
434,932 | Janus International Group, Inc.1,2 | 5,323,568 | ||||||
49,326 | Valmont Industries, Inc. | 11,597,529 | ||||||
16,921,097 | ||||||||
Industrial Support Services - 1.1% | ||||||||
36,190 | Applied Industrial Technologies, Inc. | 3,261,805 | ||||||
Transportation & Logistics - 3.0% | ||||||||
196,213 | Kirby Corporation1 | 9,410,375 | ||||||
Total Industrials | 67,796,543 | |||||||
Materials - 3.7% | ||||||||
Chemicals - 3.7% | ||||||||
110,190 | HB Fuller Co. | 7,113,866 | ||||||
24,258 | Rogers Corp.1 | 4,523,632 | ||||||
Total Materials | 11,637,498 | |||||||
Real Estate - 8.7% | ||||||||
REIT - 8.7% | ||||||||
289,789 | American Assets Trust, Inc. | 10,843,904 | ||||||
163,593 | Corporate Office Properties Trust | 4,413,739 | ||||||
341,300 | Urban Edge Properties | 6,249,203 | ||||||
327,331 | Xenia Hotels & Resorts, Inc.1 | 5,806,852 | ||||||
Total Real Estate | 27,313,698 |
CRM SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.9% (Continued) | ||||||||
Technology - 9.2% | ||||||||
Semiconductors - 1.5% | ||||||||
96,726 | MaxLinear, Inc., Class A1 | $ | 4,763,756 | |||||
Software - 2.9% | ||||||||
85,799 | Agilysys, Inc.1 | 4,492,436 | ||||||
56,880 | Envestnet, Inc.1 | 4,564,051 | ||||||
9,056,487 | ||||||||
Technology Services - 4.8% | ||||||||
138,397 | Open Lending Corp.1 | 4,991,980 | ||||||
858,297 | PAE, Inc.1 | 5,132,616 | ||||||
454,752 | Paya Holdings, Inc.1 | 4,943,154 | ||||||
15,067,750 | ||||||||
Total Technology | 28,887,993 | |||||||
Utilities - 3.2% | ||||||||
Electric Utilities - 2.1% | ||||||||
105,684 | Black Hills Corporation | 6,632,728 | ||||||
Gas & Water Utilities - 1.1% | ||||||||
50,021 | SJW Group | 3,304,387 | ||||||
Total Utilities | 9,937,115 | |||||||
TOTAL COMMON STOCK (Cost $249,427,993) | 300,210,632 | |||||||
SHORT-TERM INVESTMENTS — 4.0% | ||||||||
6,222,136 | Blackrock Liquidity Funds T-Fund, Institutional Series, 0.01%3 | 6,222,136 | ||||||
6,222,139 | Federated Hermes Treasury Obligations Fund, Institutional Series, 0.01%3 | 6,222,139 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $12,444,275) | 12,444,275 | |||||||
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES – 99.9% (Cost $261,872,268) | 312,654,907 |
CRM SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Principal | Value | |||||||
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES — 1.6% | ||||||||
REPURCHASE AGREEMENTS — 1.6% | ||||||||
1,151,316 | With Bank of America Securities, Inc.: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,151,318 (collateralized by US Treasury Securities, par values ranging from $23,783 - $381,223, coupon rates ranging from 0.13% to 0.63%, 1/15/24 – 1/15/30; total market value $1,174,342) | $ | 1,151,316 | |||||
238,877 | With Bank of Montreal: at 0.03%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $238,877 (collateralized by US Treasury Securities, par values ranging from $0 - $58,613, coupon rates ranging from 0.00% to 3.63%, 11/4/21 - 8/15/50; total market value $243,655) | 238,877 | ||||||
1,151,316 | With Barclays Capital, Inc.: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,151,318 (collateralized by US Treasury Securities, par value of $1,002,660, coupon rate of 0.13%, 7/15/30; total market value $1,174,343) | 1,151,316 | ||||||
1,151,316 | With JP Morgan Securities LLC: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,151,318 (collateralized by US Treasury Securities, par values ranging from $577 - $641,887, coupon rates ranging from 0.50% to 2.88%, 2/15/23 - 4/30/26; total market value $1,174,342) | 1,151,316 | ||||||
1,151,316 | With Mizuho Securities USA, LLC.: at 0.04%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,151,317 (collateralized by US Treasury Securities, par values ranging from $49,543 - $182,808, coupon rates ranging from 1.38% to 2.88%, 6/30/24 – 8/31/26; total market value $1,174,343) | 1,151,316 | ||||||
3,499 | With National Bank Financial: at 0.09%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $3,499 (collateralized by US Treasury Securities, par values ranging from $0 - $286, coupon rates ranging from 0.00% to 6.25%, 10/1/21 - 9/9/49; total market value $3,569) | 3,499 | ||||||
TOTAL REPURCHASE AGREEMENTS (Cost $4,847,640) | 4,847,640 | |||||||
TOTAL SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES (Cost $4,847,640) | 4,847,640 | |||||||
TOTAL INVESTMENTS - 101.5% (Cost $266,719,908) | $ | 317,502,547 | 4 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.5)% | (4,547,387 | ) | ||||||
NET ASSETS - 100.0% | $ | 312,955,160 |
1 | Non-income producing security. |
2 | Security partially or fully on loan. |
3 | Rate disclosed is the seven day effective yield as of September 30, 2021. |
4 | At September 30, 2021, the market value of securities on loan for CRM Small Cap Value Fund was $4,578,898. In the event that the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the Fund’s securities lending agent, The Bank of New York Mellon, has agreed to pay the amount of the shortfall to the Fund, or at its discretion, replace the loaned securities. |
CRM SMALL/MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.7% | ||||||||
Consumer Discretionary - 13.3% | ||||||||
Home Construction - 1.9% | ||||||||
64,263 | Skyline Champion Corporation1 | $ | 3,859,636 | |||||
Leisure Facilities & Services - 1.5% | ||||||||
18,796 | Marriott Vacations Worldwide Corporation | 2,957,175 | ||||||
Retail - Discretionary - 2.0% | ||||||||
5,827 | RH1 | 3,886,084 | ||||||
Wholesale - Discretionary - 7.9% | ||||||||
245,310 | G-III Apparel Group Ltd.1 | 6,942,273 | ||||||
172,835 | LKQ Corporation1 | 8,697,057 | ||||||
15,639,330 | ||||||||
Total Consumer Discretionary | 26,342,225 | |||||||
Consumer Staples - 2.9% | ||||||||
Beverages - 1.4% | ||||||||
173,425 | Primo Water Corporation | 2,726,241 | ||||||
Food - 1.5% | ||||||||
110,348 | Nomad Foods Ltd.1 | 3,041,191 | ||||||
Total Consumer Staples | 5,767,432 | |||||||
Energy - 5.7% | ||||||||
Oil & Gas Producers - 2.5% | ||||||||
29,281 | Pioneer Natural Resources Company | 4,875,579 | ||||||
Oil & Gas Services & Equipment - 2.2% | ||||||||
198,791 | ChampionX Corporation1 | 4,444,967 |
CRM SMALL/MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.7% (Continued) | ||||||||
Renewable Energy - 1.0% | ||||||||
43,813 | Sunrun, Inc.1 | $ | 1,927,772 | |||||
Total Energy | 11,248,318 | |||||||
Financials - 19.0% | ||||||||
Asset Management - 1.7% | ||||||||
20,895 | LPL Financial Holdings, Inc. | 3,275,500 | ||||||
Banking - 8.2% | ||||||||
148,107 | BancorpSouth Bank | 4,410,626 | ||||||
196,632 | Great Western Bancorp, Inc. | 6,437,732 | ||||||
100,647 | Webster Financial Corporation | 5,481,236 | ||||||
16,329,594 | ||||||||
Insurance - 9.1% | ||||||||
57,859 | American Financial Group, Inc. | 7,280,398 | ||||||
12,224 | Assurant, Inc. | 1,928,336 | ||||||
146,535 | James River Group Holdings, Ltd. | 5,528,766 | ||||||
45,867 | W.R. Berkley Corporation | 3,356,547 | ||||||
18,094,047 | ||||||||
Total Financials | 37,699,141 | |||||||
Health Care - 6.8% | ||||||||
Health Care Facilities & Services - 2.1% | ||||||||
229,921 | Ortho Clinical Diagnostics Holdings PLC1,2 | 4,248,940 | ||||||
Medical Equipment & Devices - 4.7% | ||||||||
4,554 | Bio-Rad Laboratories, Inc., Class A1 | 3,397,056 | ||||||
140,983 | Envista Holdings Corporation1 | 5,894,500 | ||||||
9,291,556 | ||||||||
Total Health Care | 13,540,496 | |||||||
Industrials - 23.6% | ||||||||
Aerospace & Defense - 3.4% | ||||||||
113,697 | Kaman Corporation | 4,055,572 |
CRM SMALL/MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.7% (Continued) | ||||||||
Aerospace & Defense - 3.4% (Continued) | ||||||||
6,146 | Teledyne Technologies, Inc.1 | $ | 2,640,199 | |||||
6,695,771 | ||||||||
Commercial Support Services - 5.3% | ||||||||
67,397 | Clean Harbors, Inc.1 | 7,000,526 | ||||||
86,930 | Terminix Global Holdings, Inc.1 | 3,622,373 | ||||||
10,622,899 | ||||||||
Electrical Equipment - 4.7% | ||||||||
219,423 | Hayward Holdings, Inc.1 | 4,879,967 | ||||||
140,279 | nVent Electric PLC2 | 4,535,220 | ||||||
9,415,187 | ||||||||
Industrial Intermediate Products - 4.7% | ||||||||
274,471 | Janus International Group, Inc.1 | 3,359,525 | ||||||
25,289 | Valmont Industries, Inc. | 5,945,950 | ||||||
9,305,475 | ||||||||
Machinery - 3.2% | ||||||||
41,694 | Regal Rexnord Corporation | 6,268,276 | ||||||
Transportation & Logistics - 2.3% | ||||||||
94,355 | Kirby Corporation1 | 4,525,266 | ||||||
Total Industrials | 46,832,874 | |||||||
Materials - 9.2% | ||||||||
Chemicals - 5.3% | ||||||||
66,851 | Ashland Global Holdings, Inc. | 5,957,761 | ||||||
56,971 | RPM International, Inc. | 4,423,798 | ||||||
10,381,559 | ||||||||
Construction Materials - 3.9% | ||||||||
15,587 | Carlisle Companies, Inc. | 3,098,540 | ||||||
35,806 | Eagle Materials, Inc. | 4,696,315 | ||||||
7,794,855 | ||||||||
Total Materials | 18,176,414 |
CRM SMALL/MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 95.7% (Continued) | ||||||||
Real Estate - 4.9% | ||||||||
REIT - 4.9% | ||||||||
128,780 | American Assets Trust, Inc. | $ | 4,818,948 | |||||
273,236 | Urban Edge Properties | 5,002,951 | ||||||
Total Real Estate | 9,821,899 | |||||||
Technology - 7.2% | ||||||||
Software - 6.3% | ||||||||
235,702 | Clarivate PLC1,2 | 5,161,874 | ||||||
19,231 | PTC, Inc.1 | 2,303,681 | ||||||
108,522 | Tenable Holdings, Inc.1 | 5,007,205 | ||||||
12,472,760 | ||||||||
Technology Services - 0.9% | ||||||||
307,036 | Multiplan Corporation1,3 | 1,728,613 | ||||||
Total Technology | 14,201,373 | |||||||
Utilities - 3.1% | ||||||||
Electric Utilities - 1.1% | ||||||||
33,325 | Black Hills Corporation | 2,091,477 | ||||||
Gas & Water Utilities - 2.0% | ||||||||
164,500 | Nisource, Inc. | 3,985,835 | ||||||
�� | Total Utilities | 6,077,312 | ||||||
TOTAL COMMON STOCK (Cost $138,177,482) | 189,707,484 | |||||||
SHORT-TERM INVESTMENTS — 3.9% | ||||||||
3,849,562 | BlackRock Liquidity Funds T-Fund, Institutional Series, 0.01%4 | 3,849,562 |
CRM SMALL/MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
SHORT-TERM INVESTMENTS — 3.9% (Continued) | ||||||||
3,849,561 | Federated Hermes Treasury Obligations Fund, Institutional Series, 0.01%4 | $ | 3,849,561 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $7,699,123) | 7,699,123 | |||||||
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES – 99.6% (Cost $145,876,605) | 197,406,607 | |||||||
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES — 0.9% | ||||||||
Principal | ||||||||
REPURCHASE AGREEMENTS — 0.9% | ||||||||
1,000,000 | With JP Morgan Securities LLC: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,000,001 (collateralized by US Treasury Securities, par values ranging from $501 - $557,525, coupon rates ranging from 0.50% to 2.88%, 2/15/23 - 4/30/26; total market value $1,020,000) | 1,000,000 | ||||||
754,167 | With Mizuho Securities USA, LLC.: at 0.04%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $754,168 (collateralized by US Treasury Securities, par values ranging from $32,453 - $119,748, coupon rates ranging from 1.38% to 2.88%, 6/30/24 – 8/31/26; total market value $769,251) | 754,167 | ||||||
TOTAL REPURCHASE AGREEMENTS (Cost $1,754,167) | 1,754,167 | |||||||
TOTAL SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES (Cost $1,754,167) | 1,754,167 | |||||||
TOTAL INVESTMENTS - 100.5% (Cost $147,630,772) | $ | 199,160,774 | 5 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)% | (979,717 | ) | ||||||
NET ASSETS - 100.0% | $ | 198,181,057 |
1 | Non-income producing security. |
2 | PLC – Public Limited Company |
3 | Security partially or fully on loan. |
4 | Rate disclosed is the seven day effective yield as of September 30, 2021. |
5 | At September 30, 2021, the market value of securities on loan for CRM Small/Mid Cap Value Fund was $1,728,613. In the event that the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the Fund’s securities lending agent, The Bank of New York Mellon, has agreed to pay the amount of the shortfall to the Fund, or at its discretion, replace the loaned securities. |
CRM MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.1% | ||||||||
Consumer Discretionary - 11.6% | ||||||||
Apparel & Textile Products - 3.6% | ||||||||
365,957 | Steven Madden Ltd. | $ | 14,696,833 | |||||
Leisure Facilities & Services - 1.5% | ||||||||
38,172 | Marriott Vacations Worldwide Corporation | 6,005,601 | ||||||
Retail - Discretionary - 1.5% | ||||||||
232,694 | Nordstrom, Inc.1 | 6,154,756 | ||||||
Wholesale - Discretionary - 5.0% | ||||||||
407,863 | LKQ Corporation1 | 20,523,666 | ||||||
Total Consumer Discretionary | 47,380,856 | |||||||
Consumer Staples - 2.0% | ||||||||
Food - 2.0% | ||||||||
301,057 | Nomad Foods Ltd.1 | 8,297,131 | ||||||
Energy - 5.0% | ||||||||
Oil & Gas Producers - 2.5% | ||||||||
60,915 | Pioneer Natural Resources Company | 10,142,957 | ||||||
Oil & Gas Services & Equipment - 2.5% | ||||||||
471,576 | ChampionX Corporation1 | 10,544,439 | ||||||
Total Energy | 20,687,396 | |||||||
Financials - 16.3% | ||||||||
Asset Management - 2.3% | ||||||||
59,964 | LPL Financial Holdings, Inc. | 9,399,957 | ||||||
Banking - 4.6% | ||||||||
243,173 | BancorpSouth Bank | 7,241,692 |
CRM MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.1% (Continued) | ||||||||
Banking - 4.6% (Continued) | ||||||||
213,998 | Webster Financial Corporation | $ | 11,654,331 | |||||
18,896,023 | ||||||||
Institutional Financial Services - 2.8% | ||||||||
135,734 | State Street Corporation | 11,499,385 | ||||||
Insurance - 6.6% | ||||||||
118,860 | American Financial Group, Inc. | 14,956,154 | ||||||
31,627 | Assurant, Inc. | 4,989,159 | ||||||
93,069 | W.R. Berkley Corporation | 6,810,789 | ||||||
26,756,102 | ||||||||
Total Financials | 66,551,467 | |||||||
Health Care - 9.5% | ||||||||
Health Care Facilities & Services - 2.1% | ||||||||
473,847 | Ortho Clincial Diagnostics Holdings PLC1,2 | 8,756,693 | ||||||
Medical Equipment & Devices - 7.4% | ||||||||
247,072 | Avantor, Inc.1 | 10,105,245 | ||||||
9,217 | Bio-Rad Laboratories, Inc., Class A1 | 6,875,421 | ||||||
315,277 | Envista Holdings Corporation1 | 13,181,731 | ||||||
30,162,397 | ||||||||
Total Health Care | 38,919,090 | |||||||
Industrials - 19.5% | ||||||||
Aerospace & Defense - 3.9% | ||||||||
16,644 | Teledyne Technologies, Inc.1 | 7,149,930 | ||||||
77,197 | Woodward, Inc. | 8,738,700 | ||||||
15,888,630 | ||||||||
Commercial Support Services - 1.8% | ||||||||
177,455 | Terminix Global Holdings, Inc.1 | 7,394,550 | ||||||
Electrical Equipment - 6.7% | ||||||||
65,850 | AMETEK, Inc. | 8,166,059 | ||||||
458,577 | Hayward Holdings, Inc.1 | 10,198,752 |
CRM MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.1% (Continued) | ||||||||
Electrical Equipment - 6.7% (Continued) | ||||||||
283,867 | nVent Electric PLC2 | $ | 9,177,420 | |||||
27,542,231 | ||||||||
Industrial Intermediate Products - 3.0% | ||||||||
52,439 | Valmont Industries, Inc. | 12,329,458 | ||||||
Industrial Support Services - 0.8% | ||||||||
35,219 | Applied Industrial Technologies, Inc. | 3,174,288 | ||||||
Machinery - 3.3% | ||||||||
88,911 | Regal Rexnord Corporation | 13,366,880 | ||||||
Total Industrials | 79,696,037 | |||||||
Materials - 10.2% | ||||||||
Chemicals - 8.3% | ||||||||
138,908 | Ashland Global Holdings, Inc. | 12,379,481 | ||||||
269,382 | Corteva, Inc. | 11,335,595 | ||||||
131,108 | RPM International, Inc. | 10,180,536 | ||||||
33,895,612 | ||||||||
Construction Materials - 1.9% | ||||||||
38,991 | Carlisle Companies, Inc. | 7,751,021 | ||||||
Total Materials | 41,646,633 | |||||||
Real Estate - 3.9% | ||||||||
REIT - 3.9% | ||||||||
219,327 | American Assets Trust, Inc. | 8,207,216 | ||||||
181,463 | Highwoods Properties, Inc. | 7,958,967 | ||||||
Total Real Estate | 16,166,183 |
CRM MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.1% (Continued) | ||||||||
Technology - 12.0% | ||||||||
Semiconductors - 2.7% | ||||||||
71,670 | Microchip Technology, Inc. | $ | 11,000,628 | |||||
Software - 5.9% | ||||||||
488,405 | Clarivate PLC1,2 | 10,696,069 | ||||||
38,949 | PTC, Inc.1 | 4,665,701 | ||||||
195,256 | Tenable Holdings, Inc.1 | 9,009,112 | ||||||
24,370,882 | ||||||||
Technology Services - 3.4% | ||||||||
40,001 | Morningstar, Inc. | 10,361,459 | ||||||
633,678 | Multiplan Corporation1,3 | 3,567,607 | ||||||
13,929,066 | ||||||||
Total Technology | 49,300,576 | |||||||
Utilities - 6.1% | ||||||||
Electric Utilities - 2.0% | ||||||||
132,586 | Black Hills Corporation | 8,321,097 | ||||||
Gas & Water Utilities - 4.1% | ||||||||
71,653 | Atmos Energy Corporation | 6,319,795 | ||||||
425,062 | Nisource, Inc. | 10,299,252 | ||||||
16,619,047 | ||||||||
Total Utilities | 24,940,144 | |||||||
TOTAL COMMON STOCK (Cost $278,185,021) | 393,585,513 | |||||||
SHORT-TERM INVESTMENTS — 4.3% | ||||||||
8,915,549 | BlackRock Liquidity Funds T-Fund, Institutional Series, 0.01%4 | 8,915,549 |
CRM MID CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
SHORT-TERM INVESTMENTS — 4.3% (Continued) | ||||||||
8,915,550 | Federated Hermes Treasury Obligations Fund, Institutional Series, 0.01%4 | $ | 8,915,550 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $17,831,099) | 17,831,099 | |||||||
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES – 100.4% (Cost $296,016,120) | 411,416,612 | |||||||
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES — 0.8% | ||||||||
MONEY MARKET FUND — 0.0%5 | ||||||||
93,000 | Goldman Sachs Financial Square Government Fund, 0.03%4 (Cost - $93,000) | 93,000 | ||||||
Principal | ||||||||
REPURCHASE AGREEMENTS — 0.8% | ||||||||
1,000,000 | With Barclays Capital, Inc.: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,000,001 (collateralized by US Treasury Securities, par value of $870,882, coupon rate of 0.13%, 7/15/30; total market value $1,020,000) | 1,000,000 | ||||||
70,266 | With Credit Suisse AG: at 0.04%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $70,266 (collateralized by US Treasury Securities, par values ranging from $0 - $62,920, coupon rates ranging from 0.13% to 6.13%, 4/15/22 - 5/15/50; total market value $71,671) | 70,266 | ||||||
1,000,000 | With JP Morgan Securities LLC: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,000,001 (collateralized by US Treasury Securities, par values ranging from $501 - $557,525, coupon rates ranging from 0.50% to 2.88%, 2/15/23 - 4/30/26; total market value $1,020,000) | 1,000,000 | ||||||
1,000,000 | With Mizuho Securities USA, LLC.: at 0.04%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $1,000,001 (collateralized by US Treasury Securities, par values ranging from $43,032 - $158,782, coupon rates ranging from 1.38% to 2.88%, 6/30/24 – 8/31/26; total market value $1,020,000) | 1,000,000 | ||||||
TOTAL REPURCHASE AGREEMENTS (Cost $3,070,266) | 3,070,266 | |||||||
TOTAL SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES (Cost $3,163,266) | 3,163,266 | |||||||
TOTAL INVESTMENTS - 101.2% (Cost $299,179,386) | $ | 414,579,878 | 6 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2)% | (4,909,791 | ) | ||||||
NET ASSETS - 100.0% | $ | 409,670,087 |
1 | Non-income producing security. |
2 | PLC – Public Limited Company |
3 | Security partially or fully on loan. |
4 | Rate disclosed is the seven day effective yield as of September 30, 2021. |
5 | Amount represents less than 0.05%. |
6 | At September 30, 2021, the market value of securities on loan for CRM Mid Cap Value Fund was $25,739,639. In the event that the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is no the result of investment losses, the Fund’s securities lending agent, The Bank of New York Mellon, has agreed to pay the amount of the shortfall to the Fund, or at its discretion, replace the loaned securities. |
CRM ALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.8% | ||||||||
Communications - 2.6% | ||||||||
Telecommunications - 2.6% | ||||||||
41,369 | Vonage Holdings Corporation1 | $ | 666,868 | |||||
Consumer Discretionary - 14.2% | ||||||||
Apparel & Textile Products - 3.0% | ||||||||
19,240 | Steven Madden Ltd. | 772,678 | ||||||
Home Construction - 1.7% | ||||||||
7,305 | Skyline Champion Corporation1 | 438,738 | ||||||
Leisure Facilities & Services - 3.9% | ||||||||
10,390 | BJ’s Restaurants, Inc.1 | 433,886 | ||||||
3,573 | Marriott Vacations Worldwide Corporation | 562,140 | ||||||
996,026 | ||||||||
Wholesale - Discretionary - 5.6% | ||||||||
19,635 | G-III Apparel Group Ltd.1 | 555,671 | ||||||
17,233 | LKQ Corporation1 | 867,165 | ||||||
1,422,836 | ||||||||
Total Consumer Discretionary | 3,630,278 | |||||||
Energy - 2.9% | ||||||||
Oil & Gas Services & Equipment - 2.9% | ||||||||
32,995 | ChampionX Corporation1 | 737,768 | ||||||
Financials - 22.0% | ||||||||
Banking - 9.7% | ||||||||
19,774 | Hancock Whitney Corporation | 931,751 | ||||||
12,811 | Truist Financial Corporation | 751,365 | ||||||
14,468 | Webster Financial Corporation | 787,927 | ||||||
2,471,043 |
CRM ALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.8% (Continued) | ||||||||
Institutional Financial Services - 3.4% | ||||||||
10,194 | State Street Corporation | $ | 863,636 | |||||
Insurance - 8.9% | ||||||||
6,206 | American Financial Group, Inc. | 780,901 | ||||||
18,002 | American International Group, Inc. | 988,130 | ||||||
3,160 | Assurant, Inc. | 498,490 | ||||||
2,267,521 | ||||||||
Total Financials | 5,602,200 | |||||||
Health Care - 11.6% | ||||||||
Biotech & Pharma - 2.1% | ||||||||
3,253 | Johnson & Johnson | 525,359 | ||||||
Health Care Facilities & Services - 1.9% | ||||||||
26,762 | Ortho Clinical Diagnostics Holdings PLC1,2 | 494,562 | ||||||
Medical Equipment & Devices - 7.6% | ||||||||
14,093 | Avantor, Inc.1 | 576,404 | ||||||
2,416 | Danaher Corporation | 735,527 | ||||||
14,960 | Envista Holdings Corporation1 | 625,478 | ||||||
1,937,409 | ||||||||
Total Health Care | 2,957,330 | |||||||
Industrials - 19.9% | ||||||||
Aerospace & Defense - 4.4% | ||||||||
21,166 | Kaman Corporation | 754,991 | ||||||
3,278 | Woodward, Inc. | 371,070 | ||||||
1,126,061 | ||||||||
Commercial Support Services - 1.9% | ||||||||
11,660 | Terminix Global Holdings, Inc.1 | 485,872 | ||||||
Electrical Equipment - 2.1% | ||||||||
16,673 | nVent Electric PLC2 | 539,038 |
CRM ALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.8% (Continued) | ||||||||
Industrial Intermediate Products – 5.7% | ||||||||
40,456 | Janus International Group, Inc.1 | $ | 495,181 | |||||
4,054 | Valmont Industries, Inc. | 953,177 | ||||||
1,448,358 | ||||||||
Machinery - 2.3% | ||||||||
3,811 | Regal Rexnord Corporation | 572,946 | ||||||
Transportation & Logistics - 3.5% | ||||||||
18,629 | Kirby Corporation1 | 893,447 | ||||||
Total Industrials | 5,065,722 | |||||||
Materials - 4.5% | ||||||||
Chemicals - 4.5% | ||||||||
6,818 | Ashland Global Holdings, Inc. | 607,620 | ||||||
12,733 | Corteva, Inc. | 535,805 | ||||||
Total Materials | 1,143,425 | |||||||
Real Estate - 2.2% | ||||||||
REIT - 2.2% | ||||||||
31,927 | Xenia Hotels & Resorts, Inc.1 | 566,385 | ||||||
Technology - 14.7% | ||||||||
Semiconductors - 3.4% | ||||||||
3,285 | Microchip Technology, Inc. | 504,215 | ||||||
2,880 | QUALCOMM, Inc. | 371,462 | ||||||
875,677 | ||||||||
Software - 7.2% | ||||||||
29,062 | Clarivate PLC1,2 | 636,458 | ||||||
1,074 | Microsoft Corporation | 302,782 | ||||||
2,585 | PTC, Inc.1 | 309,657 |
CRM ALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 96.8% (Continued) | ||||||||
Software - 7.2% (Continued) | ||||||||
12,719 | Tenable Holdings, Inc.1 | $ | 586,855 | |||||
1,835,752 | ||||||||
Technology Hardware - 1.3% | ||||||||
26,844 | DZS, Inc.1 | 329,107 | ||||||
Technology Services - 2.8% | ||||||||
40,216 | Multiplan Corporation1,3 | 226,416 | ||||||
45,162 | Paya Holdings, Inc.1 | 490,911 | ||||||
717,327 | ||||||||
Total Technology | 3,757,863 | |||||||
Utilities - 2.2% | ||||||||
Electric Utilities - 2.2% | ||||||||
7,254 | NextEra Energy, Inc. | 569,584 | ||||||
TOTAL COMMON STOCK (Cost $19,134,297) | 24,697,423 | |||||||
SHORT-TERM INVESTMENTS — 3.2% | ||||||||
412,414 | Blackrock Liquidity Funds T-Fund, Institutional Series, 0.01%4 | 412,414 | ||||||
412,414 | Federated Hermes Treasury Obligations Fund, Institutional Series, 0.01%4 | 412,414 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $824,828) | 824,828 | |||||||
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES 100.0% (Cost $19,959,125) | 25,522,251 |
CRM ALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Principal | Value | |||||||
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES — 0.9% | ||||||||
REPURCHASE AGREEMENTS — 0.9% | ||||||||
231,258 | With JP Morgan Securities LLC: at 0.05%, dated 9/30/21, to be repurchased on 10/1/21, repurchase price $231,258 (collateralized by US Treasury Securities, par values ranging from $116 - $128,932, coupon rates ranging from 0.50% to 2.88%, 2/15/23 - 4/30/26; total market value $235,883) | $ | 231,258 | |||||
TOTAL SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR LOANED SECURITIES (Cost $231,258) | 231,258 | |||||||
TOTAL INVESTMENTS - 100.9% (Cost $20,190,383) | $ | 25,753,509 | 5 | |||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.9)% | (223,299 | ) | ||||||
NET ASSETS - 100.0% | $ | 25,530,210 |
1 | Non-income producing security. |
2 | PLC – Public Limited Company |
3 | Security partially or fully on loan. |
4 | Rate disclosed is the seven day effective yield as of September 30, 2021. |
5 | At September 30, 2021, the market value of securities on loan for CRM All Cap Value Fund was $226,416. In the event that the collateral received is insufficient to cover the value of the loaned securities and provided such collateral shortfall is not the result of investment losses, the Fund’s securities lending agent, The Bank of New York Mellon, has agreed to pay the amount of the shortfall to the Fund, or at its discretion, replace the loaned securities. |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 92.2% | ||||||||
Communications - 5.2% | ||||||||
Entertainment Content - 2.6% | ||||||||
21,859 | Walt Disney Company (The)1 | $ | 3,697,887 | |||||
Internet Media & Services - 2.6% | ||||||||
1,508 | Booking Holdings, Inc.1 | 3,579,796 | ||||||
Total Communications | 7,277,683 | |||||||
Consumer Discretionary - 23.2% | ||||||||
Apparel & Textile Products - 3.3% | ||||||||
115,074 | Steven Madden Ltd. | 4,621,372 | ||||||
Automotive - 1.2% | ||||||||
66,683 | Lucid Group, Inc.1 | 1,692,415 | ||||||
Consumer Services - 0.4% | ||||||||
174,712 | Regis Corporation1 | 607,998 | ||||||
Home Construction - 2.8% | ||||||||
65,338 | Skyline Champion Corporation1 | 3,924,200 | ||||||
Leisure Facilities & Services - 4.3% | ||||||||
70,394 | BJ's Restaurants, Inc.1 | 2,939,653 | ||||||
19,265 | Marriott Vacations Worldwide Corporation | 3,030,962 | ||||||
5,970,615 | ||||||||
Retail - Discretionary - 2.9% | ||||||||
89,594 | Nordstrom, Inc.1 | 2,369,761 | ||||||
2,640 | RH1 | 1,760,642 | ||||||
4,130,403 | ||||||||
Wholesale - Discretionary - 8.3% | ||||||||
189,916 | G-III Apparel Group Ltd.1 | 5,374,623 | ||||||
123,611 | LKQ Corporation1 | 6,220,106 | ||||||
11,594,729 | ||||||||
Total Consumer Discretionary | 32,541,732 |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 92.2% (Continued) | ||||||||
Consumer Staples - 1.3% | ||||||||
Beverages - 1.1% | ||||||||
703,100 | Becle SAB de CV1 | $ | 1,517,470 | |||||
Food - 0.2% | ||||||||
52,858 | The Beachbody Company, Inc.1 | 292,833 | ||||||
Total Consumer Staples | 1,810,303 | |||||||
Energy - 3.4% | ||||||||
Renewable Energy - 3.4% | ||||||||
107,831 | Sunrun, Inc.1 | 4,744,564 | ||||||
Financials - 10.9% | ||||||||
Banking - 6.3% | ||||||||
116,834 | Hancock Whitney Corporation | 5,505,218 | ||||||
61,463 | Webster Financial Corporation | 3,347,275 | ||||||
8,852,493 | ||||||||
Institutional Financial Services - 2.8% | ||||||||
47,036 | State Street Corporation | 3,984,890 | ||||||
Insurance - 1.8% | ||||||||
16,126 | Assurant, Inc. | 2,543,877 | ||||||
Total Financials | 15,381,260 | |||||||
Health Care - 8.9% | ||||||||
Medical Equipment & Devices - 8.9% | ||||||||
103,369 | Avantor, Inc.1 | 4,227,792 | ||||||
9,579 | Danaher Corporation | 2,916,231 | ||||||
129,224 | Envista Holdings Corporation1 | 5,402,855 | ||||||
Total Health Care | 12,546,878 |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 92.2% (Continued) | ||||||||
Industrials - 20.3% | ||||||||
Aerospace & Defense - 4.8% | ||||||||
98,019 | Kaman Corporation | $ | 3,496,338 | |||||
28,484 | Woodward, Inc. | 3,224,389 | ||||||
6,720,727 | ||||||||
Commercial Support Services - 4.6% | ||||||||
62,689 | Clean Harbors, Inc.1 | 6,511,506 | ||||||
Electrical Equipment - 2.7% | ||||||||
169,695 | Hayward Holdings, Inc.1 | 3,774,017 | ||||||
Industrial Intermediate Products – 5.6% | ||||||||
222,230 | Janus International Group, Inc.1 | 2,720,095 | ||||||
21,927 | Valmont Industries, Inc. | 5,155,476 | ||||||
7,875,571 | ||||||||
Transportation & Logistics - 2.6% | ||||||||
75,828 | Kirby Corporation1 | 3,636,711 | ||||||
Total Industrials | 28,518,532 | |||||||
Materials - 1.3% | ||||||||
Chemicals - 1.3% | ||||||||
20,805 | Ashland Global Holdings, Inc. | 1,854,142 | ||||||
Technology - 14.0% | ||||||||
Semiconductors - 1.7% | ||||||||
17,883 | QUALCOMM, Inc. | 2,306,549 | ||||||
Software - 10.3% | ||||||||
164,661 | Clarivate PLC1,2 | 3,606,076 |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK — 92.2% (Continued) | ||||||||
Software - 10.3% (Continued) | ||||||||
37,066 | Jamf Holding Corporation1 | $ | 1,427,782 | |||||
11,508 | Microsoft Corporation | 3,244,336 | ||||||
134,635 | Tenable Holdings, Inc.1 | 6,212,059 | ||||||
14,490,253 | ||||||||
Technology Services - 2.0% | ||||||||
259,293 | Paya Holdings, Inc.1 | 2,818,515 | ||||||
Total Technology | 19,615,317 | |||||||
Utilities - 3.7% | ||||||||
Electric Utilities - 3.7% | ||||||||
66,345 | NextEra Energy, Inc. | 5,209,409 | ||||||
TOTAL COMMON STOCK (Cost $109,482,463) | 129,499,820 | |||||||
SHORT-TERM INVESTMENTS — 7.0% | ||||||||
4,944,751 | Blackrock Liquidity Funds T-Fund, Institutional Series, 0.01%3 | 4,944,751 | ||||||
4,944,753 | Federated Hermes Treasury Obligations Fund, Institutional Series, 0.01%3 | 4,944,753 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $9,889,504) | 9,889,504 | |||||||
TOTAL INVESTMENTS IN SECURITIES – 99.2% (Cost $119,371,967) | 139,389,324 |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK SOLD SHORT — (40.1)% | ||||||||
Communications - (3.7)% | ||||||||
Advertising & Marketing - (0.3)% | ||||||||
(5,717 | ) | Omnicom Group, Inc. | $ | (414,254 | ) | |||
Entertainment Content - (1.2)% | ||||||||
(26,753 | ) | Discovery, Inc. - Class A | (678,991 | ) | ||||
(26,004 | ) | Fox Corporation, Class A | (1,043,020 | ) | ||||
(1,722,011 | ) | |||||||
Publishing & Broadcasting - (0.7)% | ||||||||
(97,665 | ) | Pearson PLC2 | (936,717 | ) | ||||
Telecommunications - (1.5)% | ||||||||
(80,199 | ) | AT&T, Inc. | (2,166,175 | ) | ||||
Total Communications | (5,239,157 | ) | ||||||
Consumer Discretionary - (11.3)% | ||||||||
Apparel & Textile Products - (0.4)% | ||||||||
(16,461 | ) | Tapestry, Inc. | (609,386 | ) | ||||
Automotive - (1.0)% | ||||||||
(185,239 | ) | Lordstown Motors Corporation | (1,478,207 | ) | ||||
Consumer Services - (4.2)% | ||||||||
(38,737 | ) | Adtalem Global Education, Inc. | (1,464,646 | ) | ||||
(8,057 | ) | Grand Canyon Education, Inc. | (708,694 | ) | ||||
(129,362 | ) | Perdoceo Education Corporation | (1,366,063 | ) | ||||
(32,712 | ) | Strategic Education, Inc. | (2,306,196 | ) | ||||
(5,845,599 | ) | |||||||
E-Commerce Discretionary - (1.2)% | ||||||||
(104,283 | ) | CarParts.com, Inc. | (1,627,858 | ) | ||||
Leisure Facilities & Services - (0.7)% | ||||||||
(12,536 | ) | Shake Shack, Inc., Class A | (983,574 | ) |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK SOLD SHORT — (40.1)% (Continued) | ||||||||
Retail - Discretionary - (3.8)% | ||||||||
(5,100 | ) | Canadian Tire Corporation Ltd. | $ | (713,549 | ) | |||
(43,550 | ) | Gap, Inc. (The) | (988,585 | ) | ||||
(26,655 | ) | Kohl's Corporation | (1,255,184 | ) | ||||
(5,921 | ) | Lululemon Athletica, Inc. | (2,396,229 | ) | ||||
(5,353,547 | ) | |||||||
Total Consumer Discretionary | (15,898,171 | ) | ||||||
Consumer Staples - (8.1)% | ||||||||
Beverages - (0.8)% | ||||||||
(2,621 | ) | Coca-Cola Bottling Company Consolidated | (1,033,146 | ) | ||||
Food - (4.4)% | ||||||||
(49,186 | ) | B&G Foods, Inc. | (1,470,169 | ) | ||||
(15,289 | ) | Beyond Meat, Inc. | (1,609,320 | ) | ||||
(10,672 | ) | JM Smucker Company (The) | (1,280,960 | ) | ||||
(24,327 | ) | Kellogg Company | (1,554,982 | ) | ||||
(52,858 | ) | The Beachbody Company, Inc. | (292,833 | ) | ||||
(6,208,264 | ) | |||||||
Retail - Consumer Staples - (2.9)% | ||||||||
(7,966 | ) | Big Lots, Inc. | (345,406 | ) | ||||
(20,076 | ) | HelloFresh SE | (1,850,126 | ) | ||||
(47,521 | ) | Kroger Company (The) | (1,921,274 | ) | ||||
(4,116,806 | ) | |||||||
Total Consumer Staples | (11,358,216 | ) | ||||||
Energy - (1.0)% | ||||||||
Renewable Energy - (1.0)% | ||||||||
(5,318 | ) | SolarEdge Technologies, Inc. | (1,410,440 | ) |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK SOLD SHORT — (40.1)% (Continued) | ||||||||
Financials - (1.0)% | ||||||||
Banking - (0.3)% | ||||||||
(5,600 | ) | National Bank of Canada | $ | (430,035 | ) | |||
Insurance - (0.7)% | ||||||||
(8,015 | ) | Allstate Corporation | (1,020,390 | ) | ||||
Total Financials | (1,450,425 | ) | ||||||
Health Care - (1.2)% | ||||||||
Health Care Facilities & Services - (1.2)% | ||||||||
(26,447 | ) | HealthEquity, Inc. | (1,712,708 | ) | ||||
Industrials - (8.6)% | ||||||||
Commercial Support Services - (0.5)% | ||||||||
(6,365 | ) | Robert Half International, Inc. | (638,600 | ) | ||||
Electrical Equipment - (3.7)% | ||||||||
(13,429 | ) | Acuity Brands, Inc. | (2,328,186 | ) | ||||
(21,652 | ) | Blink Charging Company | (619,464 | ) | ||||
(45,833 | ) | Bloom Energy Corporation, Class A | (857,994 | ) | ||||
(27,165 | ) | Philips Lighting NV | (1,359,627 | ) | ||||
(5,165,271 | ) | |||||||
Engineering & Construction - (0.4)% | ||||||||
(14,698 | ) | Frontdoor, Inc. | (615,846 | ) | ||||
Industrial Intermediate Products - (0.6)% | ||||||||
(11,672 | ) | Proto Labs, Inc. | (777,355 | ) | ||||
Transportation & Logistics - (0.8)% | ||||||||
(5,270 | ) | FedEx Corporation | (1,155,658 | ) | ||||
Transportation Equipment - (2.6)% | ||||||||
(92,987 | ) | Hyliion Holdings Corporation | (781,091 | ) |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Shares | Value | |||||||
COMMON STOCK SOLD SHORT — (40.1)% (Continued) | ||||||||
Transportation Equipment - (2.6)% (Continued) | ||||||||
(12,709 | ) | Volvo AB, Class B | $ | (283,809 | ) | |||
(30,497 | ) | Wabtec Corporation | (2,629,146 | ) | ||||
(3,694,046 | ) | |||||||
Total Industrials | (12,046,776 | ) | ||||||
Technology - (4.6)% | ||||||||
Software - (3.7)% | ||||||||
(11,746 | ) | Guidewire Software, Inc. | (1,396,247 | ) | ||||
(23,465 | ) | Materialise NV – ADR4 | (471,646 | ) | ||||
(30,321 | ) | Qualys, Inc. | (3,374,424 | ) | ||||
(5,242,317 | ) | |||||||
Technology Hardware - (0.9)% | ||||||||
(23,924 | ) | 3D Systems Corporation | (659,585 | ) | ||||
(81,645 | ) | Desktop Metal, Inc. | (585,395 | ) | ||||
(1,244,980 | ) | |||||||
Total Technology | (6,487,297 | ) | ||||||
Utilities - (0.6)% | ||||||||
Electric Utilities - (0.6)% | ||||||||
(15,755 | ) | Avangrid, Inc. | (765,693 | ) | ||||
TOTAL COMMON STOCK SOLD SHORT - (Proceeds - $61,934,587) | (56,368,883 | ) | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 40.9% | 57,505,181 | |||||||
NET ASSETS - 100.0% | $ | 140,525,622 |
1 | Non-income producing security. |
2 | PLC – Public Limited Company |
3 | Rate disclosed is the seven day effective yield as of September 30, 2021. |
4 | ADR – American Depositary Receipt |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
OTC Total return swap agreements outstanding at September 30, 2021:
Counterparty | Financing Rate(1) | Termination Date |
| Long (Short) Notional Amount(2) |
| Reference Entity |
| Fair Value |
| Upfront Premiums Paid (Received) |
| Unrealized Appreciation (Depreciation) |
| |||||||
Morgan | 0.73% (Fed Funds Rate + 0.65%) | 03/21/2022 |
| $ | 3,911,312 |
|
| American International Group |
| $ | 475,820 |
| $ | - |
| $ | 475,820 |
| ||
Morgan | 0.73% (Fed Funds Rate + 0.65%) | 03/21/2022 |
|
| 4,256,821 |
|
| Canadian National Railway Company |
|
| 187,112 |
|
| - |
|
| 187,112 |
| ||
Morgan | 0.73% (Fed Funds Rate + 0.65%) | 03/21/2022 |
|
| 4,205,606 |
|
| ChampionX Corporation |
|
| 115,570 |
|
| - |
|
| 115,570 |
| ||
Morgan | 0.73% (Fed Funds Rate + 0.65%) | 03/21/2022 |
|
| 4,043,782 |
|
| Eagle Materials, Inc. |
|
| (306,566 | ) |
| - |
|
| (306,566 | ) | ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,371,932 | ) |
| Morgan Stanley Custom Swap (MSCMS374 Index(3) |
|
| 71,520 |
|
| - |
|
| 71,520 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (2,786,288 | ) |
| Morgan Stanley Custom Swap (MSCMS375 Index(3) |
|
| 103,678 |
|
| - |
|
| 103,678 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (2,807,869 | ) |
| Morgan Stanley Custom Swap (MSCMS376 Index(3) |
|
| 84,541 |
|
| - |
|
| 84,541 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (2,780,674 | ) |
| Morgan Stanley Custom Swap (MSCMS377 Index(3) |
|
| 105,855 |
|
| - |
|
| 105,855 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (2,801,162 | ) |
| Morgan Stanley Custom Swap (MSCMS378 Index(3) |
|
| 126,455 |
|
| - |
|
| 126,455 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (2,788,216 | ) |
| Morgan Stanley Custom Swap (MSCMS379 Index(3) |
|
| 113,967 |
|
| - |
|
| 113,967 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,348,154 | ) |
| Morgan Stanley Custom Swap (MSCMS380 Index(3) |
|
| 26,149 |
|
| - |
|
| 26,149 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,384,302 | ) |
| Morgan Stanley Custom Swap (MSCMS381 Index(3) |
|
| 32,887 |
|
| - |
|
| 32,887 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,381,233 | ) |
| Morgan Stanley Custom Swap (MSCMS382 Index(3) |
|
| 35,618 |
|
| - |
|
| 35,618 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,403,832 | ) |
| Morgan Stanley Custom Swap (MSCMS383 Index(3) |
|
| 35,386 |
|
| - |
|
| 35,386 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,391,160 | ) |
| Morgan Stanley Custom Swap (MSCMS384 Index(3) |
|
| 47,225 |
|
| - |
|
| 47,225 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,414,209 | ) |
| Morgan Stanley Custom Swap (MSCMS385 Index(3) |
|
| 34,140 |
|
| - |
|
| 34,140 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,427,551 | ) |
| Morgan Stanley Custom Swap (MSCMS386 Index(3) |
|
| 32,741 |
|
| - |
|
| 32,741 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,412,871 | ) |
| Morgan Stanley Custom Swap (MSCMS387 Index(3) |
|
| 3,808 |
|
| - |
|
| 3,808 |
| ||
Morgan | (0.37% (Fed Funds Rate minus 0.45%) | 07/28/2022 |
|
| (1,419,356 | ) |
| Morgan Stanley Custom Swap (MSCMS388 Index(3) |
|
| 18,463 |
|
| - |
|
| 18,463 |
| ||
Total Unrealized Appreciation |
|
|
|
|
|
|
|
|
|
|
| $ | 1,650,935 |
| ||||||
Total Unrealized (Depreciation) |
|
|
|
|
|
|
|
|
|
|
| $ | (306,566 | ) | ||||||
Total |
|
|
|
|
| $ | 1,344,369 |
| $ | - |
| $ | 1,344,369 |
|
(1) | Paid monthly. |
(2) | Morgan Stanley acts as the counterparty to the total return swap contracts listed above. The Fund either receives fees from, or pays fees to, the counterparty, depending upon the total return of the benchmark, and the agreed -upon floating rate financing rate. |
(3) | See the tables below for the swap constituents. |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS374) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
LyondellBasell Industries N.V. - Class A |
|
| 748 |
|
| $ | 70,226 |
|
|
| 5.40 | % |
General Mills, Inc. |
|
| 1,173 |
|
|
| 70,141 |
|
|
| 5.39 | % |
Kellogg Company |
|
| 1,088 |
|
|
| 69,536 |
|
|
| 5.35 | % |
Sysco Corporation |
|
| 879 |
|
|
| 69,001 |
|
|
| 5.31 | % |
Hormel Foods Corporation |
|
| 1,624 |
|
|
| 66,586 |
|
|
| 5.12 | % |
Hershey Company (The) |
|
| 391 |
|
|
| 66,132 |
|
|
| 5.09 | % |
Canadian Imperial Bank of Commerce |
|
| 591 |
|
|
| 65,832 |
|
|
| 5.06 | % |
Fidelity National Information Services, Inc. |
|
| 540 |
|
|
| 65,649 |
|
|
| 5.05 | % |
Zillow Group, Inc. |
|
| 736 |
|
|
| 64,849 |
|
|
| 4.99 | % |
Sherwin-Williams Company (The) |
|
| 231 |
|
|
| 64,485 |
|
|
| 4.96 | % |
Zscaler, Inc. |
|
| 245 |
|
|
| 64,133 |
|
|
| 4.93 | % |
Pfizer, Inc. |
|
| 1,489 |
|
|
| 64,038 |
|
|
| 4.92 | % |
McCormick & Company, Inc. |
|
| 790 |
|
|
| 64,009 |
|
|
| 4.92 | % |
Roku, Inc. |
|
| 202 |
|
|
| 63,450 |
|
|
| 4.88 | % |
Hologic, Inc. |
|
| 857 |
|
|
| 63,272 |
|
|
| 4.87 | % |
Apple, Inc. |
|
| 445 |
|
|
| 62,943 |
|
|
| 4.84 | % |
DocuSign, Inc. |
|
| 244 |
|
|
| 62,717 |
|
|
| 4.82 | % |
Altria Group, Inc. |
|
| 1,355 |
|
|
| 61,667 |
|
|
| 4.74 | % |
Albemarle Corporation |
|
| 282 |
|
|
| 61,654 |
|
|
| 4.74 | % |
Kroger Company (The) |
|
| 1,486 |
|
|
| 60,067 |
|
|
| 4.62 | % |
|
|
|
|
|
| $ | 1,300,387 |
|
|
| 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS375) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Fox Corporation - Class A |
|
| 1,885 |
|
| $ | 75,590 |
|
|
| 2.82 | % |
O’Reilly Automotive, Inc. |
|
| 114 |
|
|
| 69,870 |
|
|
| 2.60 | % |
Sysco Corporation |
|
| 885 |
|
|
| 69,448 |
|
|
| 2.59 | % |
General Mills, Inc. |
|
| 1,159 |
|
|
| 69,343 |
|
|
| 2.59 | % |
Kellogg Company |
|
| 1,080 |
|
|
| 69,006 |
|
|
| 2.57 | % |
CVS Health Corporation |
|
| 808 |
|
|
| 68,597 |
|
|
| 2.56 | % |
LyondellBasell Industries N.V. - Class A |
|
| 729 |
|
|
| 68,446 |
|
|
| 2.55 | % |
McDonald’s Corporation |
|
| 283 |
|
|
| 68,278 |
|
|
| 2.55 | % |
Church & Dwight Company, Inc. |
|
| 819 |
|
|
| 67,617 |
|
|
| 2.52 | % |
Tractor Supply Company |
|
| 331 |
|
|
| 66,991 |
|
|
| 2.50 | % |
Home Depot, Inc. (The) |
|
| 204 |
|
|
| 66,979 |
|
|
| 2.50 | % |
Constellation Brands, Inc. |
|
| 317 |
|
|
| 66,712 |
|
|
| 2.49 | % |
Fidelity National Information Services, Inc. |
|
| 547 |
|
|
| 66,577 |
|
|
| 2.48 | % |
Clorox Company (The) |
|
| 399 |
|
|
| 66,107 |
|
|
| 2.46 | % |
Dollar General Corporation |
|
| 311 |
|
|
| 65,896 |
|
|
| 2.46 | % |
Hormel Foods Corporation |
|
| 1,601 |
|
|
| 65,635 |
|
|
| 2.45 | % |
Zscaler, Inc. |
|
| 250 |
|
|
| 65,624 |
|
|
| 2.45 | % |
PepsiCo, Inc. |
|
| 436 |
|
|
| 65,531 |
|
|
| 2.44 | % |
Hershey Company (The) |
|
| 387 |
|
|
| 65,484 |
|
|
| 2.44 | % |
Costco Wholesale Corporation |
|
| 146 |
|
|
| 65,430 |
|
|
| 2.44 | % |
Ulta Beauty, Inc. |
|
| 181 |
|
|
| 65,220 |
|
|
| 2.43 | % |
Zillow Group, Inc. |
|
| 738 |
|
|
| 65,010 |
|
|
| 2.42 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Roku, Inc. |
|
| 206 |
|
| $ | 64,647 |
|
|
| 2.41 | % |
Walgreens Boots Alliance, Inc. |
|
| 1,370 |
|
|
| 64,444 |
|
|
| 2.40 | % |
Lululemon Athletica, Inc. |
|
| 159 |
|
|
| 64,409 |
|
|
| 2.40 | % |
Apple, Inc. |
|
| 455 |
|
|
| 64,335 |
|
|
| 2.40 | % |
Best Buy Company, Inc. |
|
| 608 |
|
|
| 64,301 |
|
|
| 2.40 | % |
Kroger Company (The) |
|
| 1,587 |
|
|
| 64,176 |
|
|
| 2.39 | % |
McCormick & Company, Inc. |
|
| 792 |
|
|
| 64,153 |
|
|
| 2.39 | % |
VF Corporation |
|
| 955 |
|
|
| 63,951 |
|
|
| 2.38 | % |
Restaurant Brands International, Inc. |
|
| 1,044 |
|
|
| 63,870 |
|
|
| 2.38 | % |
Target Corporation |
|
| 277 |
|
|
| 63,364 |
|
|
| 2.36 | % |
Sherwin-Williams Company (The) |
|
| 225 |
|
|
| 63,021 |
|
|
| 2.35 | % |
DocuSign, Inc. |
|
| 244 |
|
|
| 62,912 |
|
|
| 2.35 | % |
Starbucks Corporation |
|
| 568 |
|
|
| 62,607 |
|
|
| 2.33 | % |
Ecolab, Inc. |
|
| 300 |
|
|
| 62,567 |
|
|
| 2.33 | % |
Philip Morris International, Inc. |
|
| 654 |
|
|
| 61,990 |
|
|
| 2.31 | % |
Albemarle Corporation |
|
| 281 |
|
|
| 61,497 |
|
|
| 2.29 | % |
International Flavors & Fragrances, Inc. |
|
| 459 |
|
|
| 61,367 |
|
|
| 2.29 | % |
Altria Group, Inc. |
|
| 1,339 |
|
|
| 60,932 |
|
|
| 2.27 | % |
Estee Lauder Companies, Inc. (The) |
|
| 202 |
|
|
| 60,513 |
|
|
| 2.26 | % |
|
|
|
|
|
| $ | 2,682,447 |
|
|
| 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS376) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Fox Corporation - Class A |
|
| 2,757 |
|
| $ | 110,591 |
|
|
| 4.06 | % |
O’Reilly Automotive, Inc. |
|
| 171 |
|
|
| 104,236 |
|
|
| 3.83 | % |
Sysco Corporation |
|
| 1,303 |
|
|
| 102,321 |
|
|
| 3.76 | % |
General Mills, Inc. |
|
| 1,709 |
|
|
| 102,230 |
|
|
| 3.75 | % |
Kellogg Company |
|
| 1,580 |
|
|
| 101,018 |
|
|
| 3.71 | % |
CVS Health Corporation |
|
| 1,186 |
|
|
| 100,612 |
|
|
| 3.69 | % |
Tractor Supply Company |
|
| 496 |
|
|
| 100,459 |
|
|
| 3.69 | % |
McDonald’s Corporation |
|
| 415 |
|
|
| 100,155 |
|
|
| 3.68 | % |
Home Depot, Inc. (The) |
|
| 299 |
|
|
| 98,049 |
|
|
| 3.60 | % |
Costco Wholesale Corporation |
|
| 218 |
|
|
| 97,949 |
|
|
| 3.60 | % |
Dollar General Corporation |
|
| 460 |
|
|
| 97,682 |
|
|
| 3.59 | % |
Ulta Beauty, Inc. |
|
| 269 |
|
|
| 97,136 |
|
|
| 3.57 | % |
Clorox Company (The) |
|
| 585 |
|
|
| 96,919 |
|
|
| 3.56 | % |
Pfizer, Inc. |
|
| 2,248 |
|
|
| 96,668 |
|
|
| 3.55 | % |
Hormel Foods Corporation |
|
| 2,348 |
|
|
| 96,253 |
|
|
| 3.53 | % |
Canadian Imperial Bank of Commerce |
|
| 863 |
|
|
| 96,021 |
|
|
| 3.53 | % |
Walgreens Boots Alliance, Inc. |
|
| 2,037 |
|
|
| 95,857 |
|
|
| 3.52 | % |
Lululemon Athletica, Inc. |
|
| 236 |
|
|
| 95,384 |
|
|
| 3.50 | % |
McCormick & Company, Inc. |
|
| 1,177 |
|
|
| 95,349 |
|
|
| 3.50 | % |
Best Buy Company, Inc. |
|
| 894 |
|
|
| 94,510 |
|
|
| 3.47 | % |
Kroger Company (The) |
|
| 2,337 |
|
|
| 94,472 |
|
|
| 3.47 | % |
Target Corporation |
|
| 412 |
|
|
| 94,290 |
|
|
| 3.46 | % |
Restaurant Brands International, Inc. |
|
| 1,540 |
|
|
| 94,236 |
|
|
| 3.46 | % |
VF Corporation |
|
| 1,396 |
|
|
| 93,536 |
|
|
| 3.43 | % |
Sherwin-Williams Company (The) |
|
| 332 |
|
|
| 92,786 |
|
|
| 3.41 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Starbucks Corporation |
|
| 841 |
|
| $ | 92,739 |
|
|
| 3.41 | % |
Altria Group, Inc. |
|
| 2,001 |
|
|
| 91,073 |
|
|
| 3.34 | % |
International Flavors & Fragrances, Inc. |
|
| 679 |
|
|
| 90,780 |
|
|
| 3.33 | % |
|
|
|
|
|
| $ | 2,723,311 |
|
|
| 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS377) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Ford Motor Company |
|
| 5,035 |
|
| $ | 71,302 |
|
|
| 2.67 | % |
General Motors Company |
|
| 1,276 |
|
|
| 67,270 |
|
|
| 2.51 | % |
Fiserv, Inc. |
|
| 603 |
|
|
| 65,425 |
|
|
| 2.45 | % |
Automatic Data Processing, Inc. |
|
| 324 |
|
|
| 64,814 |
|
|
| 2.42 | % |
LyondellBasell Industries N.V. - Class A |
|
| 690 |
|
|
| 64,770 |
|
|
| 2.42 | % |
AT&T, Inc. |
|
| 2,369 |
|
|
| 63,998 |
|
|
| 2.39 | % |
Amgen, Inc. |
|
| 300 |
|
|
| 63,740 |
|
|
| 2.38 | % |
Cognizant Technology Solutions Corporation |
|
| 856 |
|
|
| 63,498 |
|
|
| 2.37 | % |
NetApp, Inc. |
|
| 702 |
|
|
| 63,049 |
|
|
| 2.36 | % |
Fastenal Company |
|
| 1,221 |
|
|
| 63,010 |
|
|
| 2.36 | % |
Canadian Imperial Bank of Commerce |
|
| 564 |
|
|
| 62,787 |
|
|
| 2.35 | % |
Cummins, Inc. |
|
| 279 |
|
|
| 62,728 |
|
|
| 2.34 | % |
International Paper Company (The) |
|
| 1,121 |
|
|
| 62,704 |
|
|
| 2.34 | % |
Humana, Inc. |
|
| 161 |
|
|
| 62,687 |
|
|
| 2.34 | % |
Micron Technology, Inc. |
|
| 881 |
|
|
| 62,544 |
|
|
| 2.34 | % |
Motorola Solutions, Inc. |
|
| 269 |
|
|
| 62,473 |
|
|
| 2.34 | % |
Emerson Electric Company |
|
| 663 |
|
|
| 62,468 |
|
|
| 2.34 | % |
Pfizer, Inc. |
|
| 1,448 |
|
|
| 62,294 |
|
|
| 2.33 | % |
3M Company (The) |
|
| 355 |
|
|
| 62,271 |
|
|
| 2.33 | % |
Stanley Black & Decker, Inc. |
|
| 355 |
|
|
| 62,246 |
|
|
| 2.33 | % |
Cintas Corporation |
|
| 163 |
|
|
| 62,230 |
|
|
| 2.33 | % |
Arista Networks |
|
| 181 |
|
|
| 62,200 |
|
|
| 2.32 | % |
W. W. Grainger, Inc. |
|
| 158 |
|
|
| 62,098 |
|
|
| 2.32 | % |
Eaton Corporation PLC |
|
| 414 |
|
|
| 61,860 |
|
|
| 2.31 | % |
United Parcel Service - Class B |
|
| 339 |
|
|
| 61,735 |
|
|
| 2.31 | % |
Magna International |
|
| 820 |
|
|
| 61,721 |
|
|
| 2.31 | % |
HCA Healthcare, Inc. |
|
| 254 |
|
|
| 61,717 |
|
|
| 2.31 | % |
Realty Income Corporation |
|
| 949 |
|
|
| 61,575 |
|
|
| 2.30 | % |
Albemarle Corporation |
|
| 281 |
|
|
| 61,525 |
|
|
| 2.30 | % |
Caterpillar, Inc. |
|
| 320 |
|
|
| 61,440 |
|
|
| 2.30 | % |
Hologic, Inc. |
|
| 830 |
|
|
| 61,238 |
|
|
| 2.29 | % |
Generac Holdings, Inc. |
|
| 149 |
|
|
| 61,041 |
|
|
| 2.28 | % |
Align Technology, Inc. |
|
| 92 |
|
|
| 60,996 |
|
|
| 2.28 | % |
CDW Corporation |
|
| 335 |
|
|
| 60,920 |
|
|
| 2.28 | % |
Cisco Systems, Inc. |
|
| 1,119 |
|
|
| 60,905 |
|
|
| 2.28 | % |
PACCAR, Inc. |
|
| 772 |
|
|
| 60,890 |
|
|
| 2.28 | % |
West Company, Inc. |
|
| 143 |
|
|
| 60,814 |
|
|
| 2.27 | % |
Rockwell Automation, Inc. |
|
| 207 |
|
|
| 60,773 |
|
|
| 2.27 | % |
Moody’s Corporation |
|
| 170 |
|
|
| 60,490 |
|
|
| 2.26 | % |
Ansys, Inc. |
|
| 175 |
|
|
| 59,734 |
|
|
| 2.23 | % |
Agilent Technologies, Inc. |
|
| 376 |
|
|
| 59,164 |
|
|
| 2.21 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Mettler-Toledo International, Inc. |
|
| 42 |
|
| $ | 57,195 |
|
|
| 2.14 | % |
Waters Corporation |
|
| 158 |
|
|
| 56,503 |
|
|
| 2.11 | % |
|
|
|
|
|
| $ | 2,674,842 |
|
|
| 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS378) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Ford Motor Company |
|
| 3,790 |
|
| $ | 53,670 |
|
|
| 2.01 | % |
General Mills, Inc. |
|
| 853 |
|
|
| 51,046 |
|
|
| 1.91 | % |
General Motors Company |
|
| 967 |
|
|
| 50,968 |
|
|
| 1.91 | % |
Fiserv, Inc. |
|
| 462 |
|
|
| 50,172 |
|
|
| 1.88 | % |
Kellogg Company |
|
| 784 |
|
|
| 50,139 |
|
|
| 1.87 | % |
Automatic Data Processing, Inc. |
|
| 250 |
|
|
| 49,957 |
|
|
| 1.87 | % |
LyondellBasell Industries N.V. - Class A |
|
| 529 |
|
|
| 49,610 |
|
|
| 1.85 | % |
Church & Dwight Company, Inc. |
|
| 599 |
|
|
| 49,460 |
|
|
| 1.85 | % |
Hormel Foods Corporation |
|
| 1,205 |
|
|
| 49,396 |
|
|
| 1.85 | % |
AT&T, Inc. |
|
| 1,817 |
|
|
| 49,089 |
|
|
| 1.84 | % |
Amgen, Inc. |
|
| 230 |
|
|
| 48,848 |
|
|
| 1.83 | % |
Humana, Inc. |
|
| 125 |
|
|
| 48,626 |
|
|
| 1.82 | % |
Cognizant Technology Solutions Corporation |
|
| 655 |
|
|
| 48,620 |
|
|
| 1.82 | % |
Hershey Company (The) |
|
| 286 |
|
|
| 48,439 |
|
|
| 1.81 | % |
International Paper Company (The) |
|
| 865 |
|
|
| 48,360 |
|
|
| 1.81 | % |
Constellation Brands, Inc. |
|
| 229 |
|
|
| 48,316 |
|
|
| 1.81 | % |
PepsiCo, Inc. |
|
| 321 |
|
|
| 48,306 |
|
|
| 1.81 | % |
NetApp, Inc. |
|
| 537 |
|
|
| 48,206 |
|
|
| 1.80 | % |
Micron Technology, Inc. |
|
| 679 |
|
|
| 48,179 |
|
|
| 1.80 | % |
Pfizer, Inc. |
|
| 1,119 |
|
|
| 48,137 |
|
|
| 1.80 | % |
Fastenal Company |
|
| 932 |
|
|
| 48,103 |
|
|
| 1.80 | % |
Cummins, Inc. |
|
| 214 |
|
|
| 47,996 |
|
|
| 1.79 | % |
Arista Networks |
|
| 140 |
|
|
| 47,979 |
|
|
| 1.79 | % |
Duke Energy Corporation |
|
| 491 |
|
|
| 47,927 |
|
|
| 1.79 | % |
Cintas Corporation |
|
| 126 |
|
|
| 47,833 |
|
|
| 1.79 | % |
W. W. Grainger, Inc. |
|
| 122 |
|
|
| 47,790 |
|
|
| 1.79 | % |
Canadian Imperial Bank of Commerce |
|
| 429 |
|
|
| 47,756 |
|
|
| 1.79 | % |
3M Company (The) |
|
| 272 |
|
|
| 47,721 |
|
|
| 1.78 | % |
Motorola Solutions, Inc. |
|
| 205 |
|
|
| 47,714 |
|
|
| 1.78 | % |
Hologic, Inc. |
|
| 646 |
|
|
| 47,648 |
|
|
| 1.78 | % |
Emerson Electric Company |
|
| 504 |
|
|
| 47,519 |
|
|
| 1.78 | % |
Realty Income Corporation |
|
| 732 |
|
|
| 47,472 |
|
|
| 1.77 | % |
HCA Healthcare, Inc. |
|
| 195 |
|
|
| 47,425 |
|
|
| 1.77 | % |
Cisco Systems, Inc. |
|
| 871 |
|
|
| 47,382 |
|
|
| 1.77 | % |
Stanley Black & Decker, Inc. |
|
| 270 |
|
|
| 47,301 |
|
|
| 1.77 | % |
United Parcel Service - Class B |
|
| 259 |
|
|
| 47,192 |
|
|
| 1.76 | % |
West Company, Inc. |
|
| 111 |
|
|
| 47,012 |
|
|
| 1.76 | % |
Magna International |
|
| 624 |
|
|
| 46,944 |
|
|
| 1.75 | % |
Align Technology, Inc. |
|
| 71 |
|
|
| 46,941 |
|
|
| 1.75 | % |
Albemarle Corporation |
|
| 214 |
|
|
| 46,893 |
|
|
| 1.75 | % |
Moody’s Corporation |
|
| 132 |
|
|
| 46,849 |
|
|
| 1.75 | % |
Caterpillar, Inc. |
|
| 244 |
|
|
| 46,756 |
|
|
| 1.75 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
PACCAR, Inc. |
|
| 592 |
|
| $ | 46,754 |
|
|
| 1.75 | % |
CDW Corporation |
|
| 257 |
|
|
| 46,750 |
|
|
| 1.75 | % |
Ecolab, Inc. |
|
| 224 |
|
|
| 46,702 |
|
|
| 1.75 | % |
Eaton Corporation PLC |
|
| 312 |
|
|
| 46,599 |
|
|
| 1.74 | % |
International Flavors & Fragrances, Inc. |
|
| 347 |
|
|
| 46,430 |
|
|
| 1.74 | % |
Rockwell Automation, Inc. |
|
| 158 |
|
|
| 46,380 |
|
|
| 1.73 | % |
Generac Holdings, Inc. |
|
| 113 |
|
|
| 46,377 |
|
|
| 1.73 | % |
Altria Group, Inc. |
|
| 1,018 |
|
|
| 46,331 |
|
|
| 1.73 | % |
Estee Lauder Companies, Inc. (The) |
|
| 154 |
|
|
| 46,065 |
|
|
| 1.72 | % |
Ansys, Inc. |
|
| 134 |
|
|
| 45,765 |
|
|
| 1.71 | % |
Philip Morris International, Inc. |
|
| 482 |
|
|
| 45,670 |
|
|
| 1.71 | % |
Agilent Technologies, Inc. |
|
| 288 |
|
|
| 45,419 |
|
|
| 1.70 | % |
Mettler-Toledo International, Inc. |
|
| 32 |
|
|
| 44,208 |
|
|
| 1.65 | % |
Waters Corporation |
|
| 122 |
|
|
| 43,684 |
|
|
| 1.63 | % |
|
|
|
|
|
| $ | 2,674,831 |
|
|
| 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS379) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity |
| Shares |
|
| Market Value |
|
| % of Total Index Value |
| |||
Ford Motor Company |
|
| 5,100 |
|
| $ | 72,218 |
|
|
| 2.70 | % |
General Motors Company |
|
| 1,327 |
|
|
| 69,920 |
|
|
| 2.61 | % |
Automatic Data Processing, Inc. |
|
| 344 |
|
|
| 68,865 |
|
|
| 2.58 | % |
LyondellBasell Industries N.V. - Class A |
|
| 728 |
|
|
| 68,327 |
|
|
| 2.56 | % |
Fiserv, Inc. |
|
| 630 |
|
|
| 68,310 |
|
|
| 2.55 | % |
Magna International |
|
| 896 |
|
|
| 67,383 |
|
|
| 2.52 | % |
AT&T, Inc. |
|
| 2,476 |
|
|
| 66,881 |
|
|
| 2.50 | % |
Amgen, Inc. |
|
| 314 |
|
|
| 66,861 |
|
|
| 2.50 | % |
Cummins, Inc. |
|
| 298 |
|
|
| 66,809 |
|
|
| 2.50 | % |
Humana, Inc. |
|
| 171 |
|
|
| 66,626 |
|
|
| 2.49 | % |
Cognizant Technology Solutions Corporation |
|
| 890 |
|
|
| 66,071 |
|
|
| 2.47 | % |
NetApp, Inc. |
|
| 735 |
|
|
| 65,989 |
|
|
| 2.47 | % |
Fastenal Company |
|
| 1,277 |
|
|
| 65,915 |
|
|
| 2.46 | % |
Duke Energy Corporation |
|
| 674 |
|
|
| 65,767 |
|
|
| 2.46 | % |
W. W. Grainger, Inc. |
|
| 167 |
|
|
| 65,668 |
|
|
| 2.46 | % |
3M Company (The) |
|
| 374 |
|
|
| 65,633 |
|
|
| 2.45 | % |
Motorola Solutions, Inc. |
|
| 282 |
|
|
| 65,521 |
|
|
| 2.45 | % |
PACCAR, Inc. |
|
| 829 |
|
|
| 65,423 |
|
|
| 2.45 | % |
Emerson Electric Company |
|
| 692 |
|
|
| 65,173 |
|
|
| 2.44 | % |
Canadian Imperial Bank of Commerce |
|
| 586 |
|
|
| 65,168 |
|
|
| 2.44 | % |
Cintas Corporation |
|
| 171 |
|
|
| 65,110 |
|
|
| 2.43 | % |
Micron Technology, Inc. |
|
| 916 |
|
|
| 64,999 |
|
|
| 2.43 | % |
Cisco Systems, Inc. |
|
| 1,192 |
|
|
| 64,884 |
|
|
| 2.43 | % |
Realty Income Corporation |
|
| 999 |
|
|
| 64,814 |
|
|
| 2.42 | % |
Albemarle Corporation |
|
| 296 |
|
|
| 64,712 |
|
|
| 2.42 | % |
United Parcel Service - Class B |
|
| 354 |
|
|
| 64,492 |
|
|
| 2.41 | % |
Caterpillar, Inc. |
|
| 336 |
|
|
| 64,438 |
|
|
| 2.41 | % |
Arista Networks |
|
| 187 |
|
|
| 64,354 |
|
|
| 2.41 | % |
Eaton Corporation PLC |
|
| 429 |
|
|
| 64,060 |
|
|
| 2.40 | % |
CDW Corporation |
|
| 352 |
|
|
| 64,009 |
|
|
| 2.39 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
West Company, Inc. | 150 | $ | 63,841 | 2.39 | % | |||||||
Stanley Black & Decker, Inc. | 364 | 63,823 | 2.39 | % | ||||||||
Moody's Corporation | 180 | 63,810 | 2.39 | % | ||||||||
HCA Healthcare, Inc. | 261 | 63,399 | 2.37 | % | ||||||||
Rockwell Automation, Inc. | 216 | 63,390 | 2.37 | % | ||||||||
Generac Holdings, Inc. | 155 | 63,374 | 2.37 | % | ||||||||
Align Technology, Inc. | 94 | 62,443 | 2.33 | % | ||||||||
Agilent Technologies, Inc. | 394 | 62,130 | 2.32 | % | ||||||||
Ansys, Inc. | 182 | 62,128 | 2.32 | % | ||||||||
Waters Corporation | 171 | 61,087 | 2.28 | % | ||||||||
Mettler-Toledo International, Inc. | 44 | 60,550 | 2.26 | % | ||||||||
$ | 2,674,375 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS380) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Fox Corporation - Class A | 1,733 | $ | 69,517 | 5.26 | % | |||||||
McDonald's Corporation | 270 | 64,985 | 4.91 | % | ||||||||
CVS Health Corporation | 764 | 64,860 | 4.91 | % | ||||||||
Fidelity National Information Services, Inc. | 528 | 64,274 | 4.86 | % | ||||||||
Pfizer, Inc. | 1,489 | 64,047 | 4.85 | % | ||||||||
Starbucks Corporation | 576 | 63,571 | 4.81 | % | ||||||||
Restaurant Brands International, Inc. | 1,039 | 63,560 | 4.81 | % | ||||||||
Amgen, Inc. | 298 | 63,352 | 4.79 | % | ||||||||
Apple, Inc. | 447 | 63,317 | 4.79 | % | ||||||||
Roku, Inc. | 202 | 63,189 | 4.78 | % | ||||||||
Best Buy Company, Inc. | 596 | 63,026 | 4.77 | % | ||||||||
VF Corporation | 940 | 62,952 | 4.76 | % | ||||||||
Dollar General Corporation | 294 | 62,423 | 4.72 | % | ||||||||
Sherwin-Williams Company (The) | 222 | 62,240 | 4.71 | % | ||||||||
Ulta Beauty, Inc. | 172 | 62,231 | 4.71 | % | ||||||||
Zscaler, Inc. | 237 | 62,171 | 4.70 | % | ||||||||
Walgreens Boots Alliance, Inc. | 1,317 | 61,972 | 4.69 | % | ||||||||
DocuSign, Inc. | 235 | 60,578 | 4.58 | % | ||||||||
Align Technology, Inc. | 91 | 60,456 | 4.57 | % | ||||||||
Zillow Group, Inc. | 681 | �� | 59,987 | 4.54 | % | |||||||
Agilent Technologies, Inc. | 376 | 59,191 | 4.48 | % | ||||||||
$ | 1,321,899 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS381) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Ford Motor Company | 2,559 | $ | 36,239 | 2.68 | % | |||||||
General Motors Company | 665 | 35,029 | 2.59 | % | ||||||||
LyondellBasell Industries N.V. - Class A | 365 | 34,243 | 2.53 | % | ||||||||
Albemarle Corporation | 152 | 33,341 | 2.47 | % | ||||||||
Cummins, Inc. | 148 | 33,267 | 2.46 | % | ||||||||
Magna International | 442 | 33,265 | 2.46 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Fiserv, Inc. | 306 | $ | 33,167 | 2.45 | % | |||||||
NetApp, Inc. | 369 | 33,101 | 2.45 | % | ||||||||
Caterpillar, Inc. | 172 | 33,007 | 2.44 | % | ||||||||
Automatic Data Processing, Inc. | 165 | 32,993 | 2.44 | % | ||||||||
Canadian Imperial Bank of Commerce | 294 | 32,710 | 2.42 | % | ||||||||
Emerson Electric Company | 347 | 32,647 | 2.42 | % | ||||||||
AT&T, Inc. | 1,206 | 32,568 | 2.41 | % | ||||||||
Motorola Solutions, Inc. | 140 | 32,539 | 2.41 | % | ||||||||
Cognizant Technology Solutions Corporation | 437 | 32,438 | 2.40 | % | ||||||||
Amgen, Inc. | 153 | 32,434 | 2.40 | % | ||||||||
PACCAR, Inc. | 411 | 32,419 | 2.40 | % | ||||||||
Allstate Corporation (The) | 253 | 32,232 | 2.39 | % | ||||||||
Micron Technology, Inc. | 453 | 32,179 | 2.38 | % | ||||||||
Fastenal Company | 620 | 32,009 | 2.37 | % | ||||||||
Cisco Systems, Inc. | 587 | 31,952 | 2.36 | % | ||||||||
Pfizer, Inc. | 742 | 31,926 | 2.36 | % | ||||||||
W. W. Grainger, Inc. | 81 | 31,907 | 2.36 | % | ||||||||
Rockwell Automation, Inc. | 108 | 31,895 | 2.36 | % | ||||||||
3M Company (The) | 182 | 31,881 | 2.36 | % | ||||||||
Arista Networks | 93 | 31,852 | 2.36 | % | ||||||||
Generac Holdings, Inc. | 78 | 31,836 | 2.36 | % | ||||||||
CDW Corporation | 175 | 31,800 | 2.35 | % | ||||||||
Cintas Corporation | 83 | 31,731 | 2.35 | % | ||||||||
Humana, Inc. | 81 | 31,595 | 2.34 | % | ||||||||
Moody's Corporation | 89 | 31,581 | 2.34 | % | ||||||||
United Parcel Service - Class B | 173 | 31,547 | 2.33 | % | ||||||||
Realty Income Corporation | 485 | 31,475 | 2.33 | % | ||||||||
Ansys, Inc. | 92 | 31,341 | 2.32 | % | ||||||||
West Company, Inc. | 74 | 31,326 | 2.32 | % | ||||||||
Eaton Corporation PLC | 210 | 31,302 | 2.32 | % | ||||||||
Stanley Black & Decker, Inc. | 178 | 31,262 | 2.31 | % | ||||||||
HCA Healthcare, Inc. | 129 | 31,226 | 2.31 | % | ||||||||
Align Technology, Inc. | 46 | 30,766 | 2.28 | % | ||||||||
Agilent Technologies, Inc. | 191 | 30,165 | 2.23 | % | ||||||||
Waters Corporation | 83 | 29,617 | 2.19 | % | ||||||||
Mettler-Toledo International, Inc. | 21 | 29,591 | 2.19 | % | ||||||||
$ | 1,351,401 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS382) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Fox Corporation - Class A | 2,649 | $ | 106,251 | 7.89 | % | |||||||
Albemarle Corporation | 454 | 99,484 | 7.39 | % | ||||||||
VF Corporation | 1,485 | 99,456 | 7.39 | % | ||||||||
Fidelity National Information Services, Inc. | 810 | 98,600 | 7.33 | % | ||||||||
Best Buy Company, Inc. | 920 | 97,271 | 7.23 | % | ||||||||
Amgen, Inc. | 457 | 97,119 | 7.22 | % | ||||||||
Apple, Inc. | 686 | 97,034 | 7.21 | % | ||||||||
Roku, Inc. | 308 | 96,615 | 7.18 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Sherwin-Williams Company (The) | 339 | $ | 94,756 | 7.04 | % | |||||||
Zscaler, Inc. | 361 | 94,706 | 7.04 | % | ||||||||
DocuSign, Inc. | 363 | 93,377 | 6.94 | % | ||||||||
Zillow Group, Inc. | 1,032 | 90,929 | 6.76 | % | ||||||||
Agilent Technologies, Inc. | 574 | 90,377 | 6.72 | % | ||||||||
Waters Corporation | 251 | 89,619 | 6.66 | % | ||||||||
$ | 1,345,594 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS383) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Clorox Company (The) | 297 | $ | 49,241 | 3.60 | % | |||||||
VF Corporation | 730 | 48,910 | 3.57 | % | ||||||||
Kellogg Company | 763 | 48,758 | 3.56 | % | ||||||||
Sysco Corporation | 621 | 48,721 | 3.56 | % | ||||||||
International Flavors & Fragrances, Inc. | 364 | 48,628 | 3.55 | % | ||||||||
Kroger Company (The) | 1,203 | 48,621 | 3.55 | % | ||||||||
Hormel Foods Corporation | 1,181 | 48,413 | 3.54 | % | ||||||||
General Mills, Inc. | 805 | 48,144 | 3.52 | % | ||||||||
Constellation Brands, Inc. | 228 | 48,085 | 3.51 | % | ||||||||
Fidelity National Information Services, Inc. | 395 | 48,070 | 3.51 | % | ||||||||
Amgen, Inc. | 226 | 48,001 | 3.51 | % | ||||||||
Church & Dwight Company, Inc. | 580 | 47,853 | 3.50 | % | ||||||||
Duke Energy Corporation | 489 | 47,759 | 3.49 | % | ||||||||
Best Buy Company, Inc. | 452 | 47,732 | 3.49 | % | ||||||||
Hershey Company (The) | 280 | 47,346 | 3.46 | % | ||||||||
PepsiCo, Inc. | 313 | 47,097 | 3.44 | % | ||||||||
Starbucks Corporation | 426 | 47,047 | 3.44 | % | ||||||||
Restaurant Brands International, Inc. | 768 | 46,973 | 3.43 | % | ||||||||
Apple, Inc. | 331 | 46,786 | 3.42 | % | ||||||||
Roku, Inc. | 148 | 46,528 | 3.40 | % | ||||||||
Sherwin-Williams Company (The) | 165 | 46,199 | 3.38 | % | ||||||||
McCormick & Company, Inc. | 565 | 45,794 | 3.35 | % | ||||||||
Ecolab, Inc. | 218 | 45,552 | 3.33 | % | ||||||||
Zscaler, Inc. | 174 | 45,536 | 3.33 | % | ||||||||
Altria Group, Inc. | 1,000 | 45,505 | 3.32 | % | ||||||||
Philip Morris International, Inc. | 480 | 45,480 | 3.32 | % | ||||||||
Estee Lauder Companies, Inc. (The) | 151 | 45,404 | 3.32 | % | ||||||||
DocuSign, Inc. | 176 | 45,301 | 3.31 | % | ||||||||
Zillow Group, Inc. | 510 | 44,983 | 3.29 | % | ||||||||
$ | 1,368,467 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS384) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
LyondellBasell Industries N.V. - Class A | 1,250 | $ | 117,346 | 8.73 | % | |||||||
Fidelity National Information Services, Inc. | 954 | 116,107 | 8.64 | % | ||||||||
Pfizer, Inc. | 2,641 | 113,592 | 8.45 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Canadian Imperial Bank of Commerce | 1,012 | $ | 112,679 | 8.38 | % | |||||||
Apple, Inc. | 795 | 112,472 | 8.37 | % | ||||||||
Realty Income Corporation | 1,722 | 111,680 | 8.31 | % | ||||||||
Albemarle Corporation | 509 | 111,524 | 8.30 | % | ||||||||
Sherwin-Williams Company (The) | 397 | 110,949 | 8.26 | % | ||||||||
DocuSign, Inc. | 426 | 109,771 | 8.17 | % | ||||||||
Roku, Inc. | 349 | 109,322 | 8.14 | % | ||||||||
Zscaler, Inc. | 417 | 109,289 | 8.13 | % | ||||||||
Zillow Group, Inc. | 1,239 | 109,166 | 8.12 | % | ||||||||
$ | 1,343,897 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS385) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Fox Corporation - Class A | 821 | $ | 32,937 | 2.39 | % | |||||||
Kroger Company (The) | 806 | 32,602 | 2.36 | % | ||||||||
Best Buy Company, Inc. | 308 | 32,537 | 2.36 | % | ||||||||
International Flavors & Fragrances, Inc. | 243 | 32,501 | 2.35 | % | ||||||||
LyondellBasell Industries N.V. - Class A | 346 | 32,498 | 2.35 | % | ||||||||
Clorox Company (The) | 196 | 32,444 | 2.35 | % | ||||||||
Hormel Foods Corporation | 790 | 32,397 | 2.35 | % | ||||||||
Kellogg Company | 505 | 32,309 | 2.34 | % | ||||||||
CVS Health Corporation | 381 | 32,296 | 2.34 | % | ||||||||
Fidelity National Information Services, Inc. | 264 | 32,146 | 2.33 | % | ||||||||
Church & Dwight Company, Inc. | 389 | 32,079 | 2.32 | % | ||||||||
Duke Energy Corporation | 327 | 31,954 | 2.32 | % | ||||||||
Constellation Brands, Inc. | 152 | 31,946 | 2.31 | % | ||||||||
General Mills, Inc. | 533 | 31,855 | 2.31 | % | ||||||||
VF Corporation | 474 | 31,779 | 2.30 | % | ||||||||
Restaurant Brands International, Inc. | 516 | 31,588 | 2.29 | % | ||||||||
McDonald's Corporation | 131 | 31,544 | 2.29 | % | ||||||||
O'Reilly Automotive, Inc. | 52 | 31,492 | 2.28 | % | ||||||||
Sysco Corporation | 401 | 31,446 | 2.28 | % | ||||||||
PepsiCo, Inc. | 209 | 31,446 | 2.28 | % | ||||||||
Zillow Group, Inc. | 357 | 31,429 | 2.28 | % | ||||||||
Dollar General Corporation | 148 | 31,414 | 2.28 | % | ||||||||
Walgreens Boots Alliance, Inc. | 667 | 31,398 | 2.28 | % | ||||||||
Roku, Inc. | 100 | 31,383 | 2.27 | % | ||||||||
Home Depot, Inc. (The) | 96 | 31,357 | 2.27 | % | ||||||||
Hershey Company (The) | 185 | 31,351 | 2.27 | % | ||||||||
Albemarle Corporation | 142 | 31,181 | 2.26 | % | ||||||||
Starbucks Corporation | 283 | 31,165 | 2.26 | % | ||||||||
Apple, Inc. | 219 | 31,049 | 2.25 | % | ||||||||
Tractor Supply Company | 153 | 30,998 | 2.25 | % | ||||||||
Costco Wholesale Corporation | 69 | 30,970 | 2.24 | % | ||||||||
Sherwin-Williams Company (The) | 110 | 30,905 | 2.24 | % | ||||||||
McCormick & Company, Inc. | 381 | 30,897 | 2.24 | % | ||||||||
Darden Restaurants, Inc. | 203 | 30,770 | 2.23 | % | ||||||||
Target Corporation | 134 | 30,547 | 2.21 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
DocuSign, Inc. | 118 | $ | 30,470 | 2.21 | % | |||||||
Ulta Beauty, Inc. | 84 | 30,449 | 2.21 | % | ||||||||
Altria Group, Inc. | 665 | 30,283 | 2.19 | % | ||||||||
Zscaler, Inc. | 115 | 30,193 | 2.19 | % | ||||||||
Lululemon Athletica, Inc. | 75 | 30,159 | 2.19 | % | ||||||||
Estee Lauder Companies, Inc. (The) | 101 | 30,155 | 2.18 | % | ||||||||
Ecolab, Inc. | 144 | 30,056 | 2.18 | % | ||||||||
Philip Morris International, Inc. | 317 | 30,013 | 2.17 | % | ||||||||
Generac Holdings, Inc. | 73 | 29,633 | 2.15 | % | ||||||||
$ | 1,380,021 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS386) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
International Flavors & Fragrances, Inc. | 218 | $ | 29,134 | 2.09 | % | |||||||
Kroger Company (The) | 713 | 28,841 | 2.07 | % | ||||||||
Clorox Company (The) | 174 | 28,799 | 2.06 | % | ||||||||
General Mills, Inc. | 481 | 28,752 | 2.06 | % | ||||||||
Hormel Foods Corporation | 700 | 28,712 | 2.06 | % | ||||||||
Church & Dwight Company, Inc. | 347 | 28,673 | 2.06 | % | ||||||||
Ford Motor Company | 2,025 | 28,670 | 2.06 | % | ||||||||
Fox Corporation - Class A | 715 | 28,663 | 2.05 | % | ||||||||
Kellogg Company | 448 | 28,634 | 2.05 | % | ||||||||
Constellation Brands, Inc. | 135 | 28,537 | 2.05 | % | ||||||||
Hershey Company (The) | 168 | 28,393 | 2.04 | % | ||||||||
General Motors Company | 539 | 28,385 | 2.04 | % | ||||||||
CVS Health Corporation | 334 | 28,376 | 2.03 | % | ||||||||
Realty Income Corporation | 437 | 28,312 | 2.03 | % | ||||||||
Albemarle Corporation | 129 | 28,247 | 2.03 | % | ||||||||
PepsiCo, Inc. | 188 | 28,236 | 2.02 | % | ||||||||
VF Corporation | 421 | 28,174 | 2.02 | % | ||||||||
O'Reilly Automotive, Inc. | 46 | 28,090 | 2.01 | % | ||||||||
Fidelity National Information Services, Inc. | 231 | 28,061 | 2.01 | % | ||||||||
Dollar General Corporation | 132 | 28,059 | 2.01 | % | ||||||||
LyondellBasell Industries N.V. - Class A | 298 | 28,005 | 2.01 | % | ||||||||
DocuSign, Inc. | 109 | 27,976 | 2.01 | % | ||||||||
Costco Wholesale Corporation | 62 | 27,972 | 2.01 | % | ||||||||
Roku, Inc. | 89 | 27,966 | 2.01 | % | ||||||||
Zillow Group, Inc. | 317 | 27,932 | 2.00 | % | ||||||||
Apple, Inc. | 197 | 27,907 | 2.00 | % | ||||||||
Sherwin-Williams Company (The) | 100 | 27,884 | 2.00 | % | ||||||||
McDonald's Corporation | 116 | 27,861 | 2.00 | % | ||||||||
Starbucks Corporation | 252 | 27,820 | 1.99 | % | ||||||||
Restaurant Brands International, Inc. | 454 | 27,807 | 1.99 | % | ||||||||
Canadian Imperial Bank of Commerce | 249 | 27,671 | 1.98 | % | ||||||||
Walgreens Boots Alliance, Inc. | 588 | 27,642 | 1.98 | % | ||||||||
Tractor Supply Company | 136 | 27,620 | 1.98 | % | ||||||||
Home Depot, Inc. (The) | 84 | 27,566 | 1.98 | % | ||||||||
Zscaler, Inc. | 105 | 27,565 | 1.98 | % |
CRM LONG/SHORT OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
September 30, 2021 (Unaudited)
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Sysco Corporation | 351 | $ | 27,561 | 1.98 | % | |||||||
McCormick & Company, Inc. | 340 | 27,541 | 1.97 | % | ||||||||
Best Buy Company, Inc. | 260 | 27,507 | 1.97 | % | ||||||||
Target Corporation | 120 | 27,491 | 1.97 | % | ||||||||
Magna International | 365 | 27,458 | 1.97 | % | ||||||||
Ansys, Inc. | 81 | 27,428 | 1.97 | % | ||||||||
Ecolab, Inc. | 131 | 27,401 | 1.96 | % | ||||||||
Cognizant Technology Solutions Corporation | 367 | 27,266 | 1.95 | % | ||||||||
Darden Restaurants, Inc. | 179 | 27,174 | 1.95 | % | ||||||||
Ulta Beauty, Inc. | 75 | 27,150 | 1.95 | % | ||||||||
Micron Technology, Inc. | 381 | 27,068 | 1.94 | % | ||||||||
Estee Lauder Companies, Inc. (The) | 90 | 26,983 | 1.93 | % | ||||||||
Lululemon Athletica, Inc. | 67 | 26,938 | 1.93 | % | ||||||||
Philip Morris International, Inc. | 280 | 26,511 | 1.90 | % | ||||||||
Generac Holdings, Inc. | 65 | 26,401 | 1.89 | % | ||||||||
$ | 1,394,820 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS387) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Albemarle Corporation | 938 | $ | 205,363 | 14.58 | % | |||||||
Sherwin-Williams Company (The) | 726 | 203,080 | 14.41 | % | ||||||||
Kroger Company (The) | 5,011 | 202,599 | 14.38 | % | ||||||||
Realty Income Corporation | 3,123 | 202,563 | 14.38 | % | ||||||||
Canadian Imperial Bank of Commerce | 1,802 | 200,514 | 14.23 | % | ||||||||
LyondellBasell Industries N.V. - Class A | 2,107 | 197,712 | 14.03 | % | ||||||||
Micron Technology, Inc. | 2,777 | 197,113 | 13.99 | % | ||||||||
$ | 1,408,944 | 100.00 | % |
The following table represents the individual positions and related values of underlying securities of Morgan Stanley Custom Basket (MSCMS388) Index total return swap with Morgan Stanley Bank as of September 30, 2021, termination date 7/28/22:
Reference Entity | Shares | Market Value | % of Total Index Value | |||||||||
Generac Holdings, Inc. | 497 | $ | 203,193 | 14.50 | % | |||||||
Ansys, Inc. | 593 | 201,826 | 14.41 | % | ||||||||
Canadian Imperial Bank of Commerce | 1,811 | 201,567 | 14.39 | % | ||||||||
Micron Technology, Inc. | 2,821 | 200,267 | 14.29 | % | ||||||||
Realty Income Corporation | 3,060 | 198,487 | 14.17 | % | ||||||||
LyondellBasell Industries N.V. - Class A | 2,109 | 197,890 | 14.13 | % | ||||||||
Kroger Company (The) | 4,889 | 197,679 | 14.11 | % | ||||||||
$ | 1,400,909 | 100.00 | % |