EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% | |||||||
ADVERTISING & MARKETING - 1.9% | |||||||
19,563 | Interpublic Group of Companies, Inc. | $ 635,601 | |||||
AEROSPACE & DEFENSE - 0.9% | |||||||
6,529 | Aerojet Rocketdyne Holdings, Inc. | 315,285 | |||||
APPAREL & TEXTILE PRODUCTS - 0.0%(a) | |||||||
32 | Carter's, Inc. | 3,301 | |||||
ASSET MANAGEMENT - 3.1% | |||||||
7,700 | Ares Management Corporation, Class A | 489,643 | |||||
4,250 | LPL Financial Holdings, Inc. | 573,665 | |||||
1,063,308 | |||||||
BEVERAGES - 1.6% | |||||||
1,307 | Coca-Cola Consolidated, Inc. | 525,584 | |||||
BIOTECH & PHARMA - 5.1% | |||||||
3,487 | Bridgebio Pharma, Inc.(b) | 212,568 | |||||
3,105 | Guardant Health, Inc.(b) | 385,610 | |||||
8,166 | Halozyme Therapeutics, Inc.(b) | 370,818 | |||||
4,201 | Horizon Therapeutics plc(b) | 393,381 | |||||
537 | Neurocrine Biosciences, Inc.(b) | 52,261 | |||||
2,410 | Twist Bioscience Corporation(b) | 321,133 | |||||
1,735,771 | |||||||
CHEMICALS - 2.2% | |||||||
1,988 | Avery Dennison Corporation | 417,957 | |||||
84,012 | Marrone Bio Innovations, Inc.(b) | 139,460 | |||||
2,273 | RPM International, Inc. | 201,570 | |||||
758,987 | |||||||
COMMERCIAL SUPPORT SERVICES - 5.4% | |||||||
3,545 | AMN Healthcare Services, Inc.(b) | 343,794 | |||||
4,205 | Brink's Company (The) | 323,112 | |||||
9,910 | Robert Half International, Inc. | 881,693 | |||||
3,836 | TriNet Group, Inc.(b) | 278,033 | |||||
1,826,632 |
EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% (Continued) | |||||||
CONSTRUCTION MATERIALS - 0.1% | |||||||
1,813 | Forterra, Inc.(b) | $ 42,624 | |||||
CONTAINERS & PACKAGING - 2.7% | |||||||
6,641 | Berry Global Group, Inc.(b) | 433,126 | |||||
4,288 | Crown Holdings, Inc. | 438,276 | |||||
871,402 | |||||||
E-COMMERCE DISCRETIONARY - 0.7% | |||||||
10,819 | CarParts.com, Inc.(b) | 220,275 | |||||
ELECTRICAL EQUIPMENT - 3.6% | |||||||
2,529 | A O Smith Corporation | 182,240 | |||||
2,433 | Chase Corporation | 249,650 | |||||
1,677 | Generac Holdings, Inc.(b) | 696,207 | |||||
437 | Hubbell, Inc. | 81,649 | |||||
1,209,746 | |||||||
ENGINEERING & CONSTRUCTION - 1.8% | |||||||
2,430 | Installed Building Products, Inc. | 297,335 | |||||
3,412 | Quanta Services, Inc. | 309,025 | |||||
606,360 | |||||||
ENTERTAINMENT CONTENT - 1.1% | |||||||
182 | Sciplay Corporation(b) | 3,085 | |||||
34,098 | Zynga, Inc., Class A(b) | 362,462 | |||||
365,547 | |||||||
GAMING REIT - 0.1% | |||||||
397 | Gaming and Leisure Properties, Inc. | 18,393 | |||||
GAS & WATER UTILITIES - 0.0%(a) | |||||||
838 | Global Water Resources, Inc. | 14,313 | |||||
EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% (Continued) | |||||||
HEALTH CARE FACILITIES & SERVICES - 6.8% | |||||||
982 | Amedisys, Inc.(b) | $ 240,521 | |||||
435 | Chemed Corporation | 206,408 | |||||
5,044 | Henry Schein, Inc.(b) | 374,214 | |||||
1,511 | Medpace Holdings, Inc.(b) | 266,888 | |||||
1,705 | Molina Healthcare, Inc.(b) | 431,467 | |||||
49,122 | Neuronetics, Inc.(b) | 786,935 | |||||
2,306,433 | |||||||
HOME & OFFICE PRODUCTS - 2.5% | |||||||
15,296 | Tempur Sealy International, Inc. | 599,450 | |||||
1,087 | Whirlpool Corporation | 236,988 | |||||
836,438 | |||||||
INDUSTRIAL REIT - 1.0% | |||||||
9,587 | Americold Realty Trust | 362,868 | |||||
INDUSTRIAL SUPPORT SERVICES - 1.8% | |||||||
1,880 | United Rentals, Inc.(b) | 599,739 | |||||
INSURANCE - 2.5% | |||||||
2,394 | Assurant, Inc. | 373,895 | |||||
509 | Palomar Holdings, Inc.(b) | 38,409 | |||||
2,769 | Primerica, Inc. | 424,045 | |||||
836,349 | |||||||
INTERNET MEDIA & SERVICES - 1.7% | |||||||
5,839 | Shutterstock, Inc. | 573,215 | |||||
LEISURE FACILITIES & SERVICES - 4.5% | |||||||
249 | Caesars Entertainment, Inc.(b) | 25,834 | |||||
6,036 | Dine Brands Global, Inc. (b) | 538,713 | |||||
4,996 | Shake Shack, Inc.(b) | 534,672 | |||||
1,394 | Vail Resorts, Inc. (b) | 441,229 | |||||
1,540,448 |
EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% (Continued) | |||||||
LEISURE PRODUCTS - 2.5% | |||||||
7,460 | OneWater Marine, Inc. | $ 313,544 | |||||
3,876 | Polaris, Inc. | 530,857 | |||||
844,401 | |||||||
MACHINERY - 2.6% | |||||||
3,496 | Lincoln Electric Holdings, Inc. | 460,459 | |||||
3,872 | Toro Company | 425,455 | |||||
885,914 | |||||||
MEDICAL EQUIPMENT & DEVICES - 9.5% | |||||||
18,175 | Axogen, Inc.(b) | 392,762 | |||||
8,068 | Bruker Corporation | 613,006 | |||||
7,579 | Cardiovascular Systems, Inc.(b) | 323,244 | |||||
739 | Castle Biosciences, Inc.(b) | 54,191 | |||||
6,486 | Fluidigm Corporation(b) | 39,954 | |||||
6,429 | Globus Medical, Inc., Class A(b) | 498,440 | |||||
1,007 | Penumbra, Inc.(b) | 275,978 | |||||
1,283 | Quidel Corporation(b) | 164,378 | |||||
7,128 | Surmodics, Inc.(b) | 386,694 | |||||
8,412 | Vericel Corporation(b) | 441,630 | |||||
3,190,277 | |||||||
OIL & GAS PRODUCERS - 0.3% | |||||||
640 | Murphy USA, Inc. | 85,357 | |||||
OIL & GAS SERVICES & EQUIPMENT - 1.6% | |||||||
13,862 | Core Laboratories N.V. | 539,925 | |||||
PUBLISHING & BROADCASTING - 0.2% | |||||||
500 | Nexstar Media Group, Inc. | 73,940 | |||||
REAL ESTATE SERVICES - 0.3% | |||||||
2,384 | eXp World Holdings, Inc.(b) | 92,428 | |||||
EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% (Continued) | |||||||
RENEWABLE ENERGY - 1.3% | |||||||
84 | Enphase Energy, Inc.(b) | $ 15,425 | |||||
8,889 | TPI Composites, Inc.(b) | 430,405 | |||||
445,830 | |||||||
RETAIL - CONSUMER STAPLES - 2.0% | |||||||
6,800 | BJ's Wholesale Club Holdings, Inc.(b) | 323,544 | |||||
1,935 | Casey's General Stores, Inc. | 376,628 | |||||
700,172 | |||||||
RETAIL - DISCRETIONARY - 2.3% | |||||||
352 | RH(b) | 239,008 | |||||
3,357 | Williams-Sonoma, Inc. | 535,945 | |||||
774,953 | |||||||
SEMICONDUCTORS - 3.0% | |||||||
1,607 | Marvell Technology, Inc. | 93,736 | |||||
5,476 | Semtech Corporation(b) | 376,749 | |||||
4,064 | Teradyne, Inc. | 544,414 | |||||
15 | Universal Display Corporation | 3,335 | |||||
1,018,234 | |||||||
SOFTWARE - 14.1% | |||||||
13,376 | Agilysys, Inc.(b) | 760,693 | |||||
20,375 | American Software, Inc., Class A | 447,435 | |||||
1,196 | Avaya Holdings Corporation(b) | 32,172 | |||||
29,383 | Brightcove, Inc.(b) | 421,646 | |||||
16,206 | Calix, Inc.(b) | 769,784 | |||||
357 | CDK Global, Inc. | 17,739 | |||||
8,148 | CommVault Systems, Inc.(b) | 636,929 | |||||
3,704 | Domo, Inc.(b) | 299,394 | |||||
4,186 | Envestnet, Inc.(b) | 317,550 | |||||
43 | New Relic, Inc.(b) | 2,880 | |||||
1,348 | Nuance Communications, Inc.(b) | 73,385 | |||||
37 | Omnicell, Inc.(b) | 5,604 | |||||
67 | Progress Software Corporation | 3,099 | |||||
1,522 | Proofpoint, Inc.(b) | 264,463 | |||||
7,891 | QAD, Inc. | 686,675 | |||||
4,739,448 |
EMPIRIC 2500 FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2021 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 99.6% (Continued) | |||||||
SPECIALTY FINANCE - 1.7% | |||||||
290 | Credit Acceptance Corporation(b) | $ 131,692 | |||||
10,318 | Fidelity National Financial, Inc. | 448,420 | |||||
580,112 | |||||||
TECHNOLOGY HARDWARE - 2.9% | |||||||
22,201 | Extreme Networks, Inc.(b) | 247,763 | |||||
20,602 | Sonos, Inc.(b) | 725,809 | |||||
973,572 | |||||||
TECHNOLOGY SERVICES - 3.1% | |||||||
2,728 | Euronet Worldwide, Inc.(b) | 369,235 | |||||
762 | Fair Isaac Corporation(b) | 383,041 | |||||
2,807 | TTEC Holdings, Inc. | 289,374 | |||||
1,041,650 | |||||||
TRANSPORTATION & LOGISTICS - 1.1% | |||||||
2,160 | Landstar System, Inc. | 341,323 | |||||
225 | XPO Logistics, Inc.(b) | 31,475 | |||||
372,798 | |||||||
TOTAL COMMON STOCKS (Cost $18,733,587) | 33,627,630 | ||||||
TOTAL INVESTMENTS - 99.6% (Cost $18,733,587) | $ 33,627,630 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4% | 133,405 | ||||||
NET ASSETS - 100.0% | $ 33,761,035 | ||||||
N.V. | - Naamioze Vennootschap |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Percentage rounds to less than 0.1%. |
(b) | Non-income producing security. |