VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS — 94.7% | |||
BASIC MATERIALS — 5.5% | |||
AdvanSix, Inc. | 3,982 | $139,290 | |
Alcoa Corp. | 865 | 29,349 | |
American Vanguard Corp. | 7,930 | 141,709 | |
Ashland, Inc. | 1,203 | 104,553 | |
ATI, Inc.* | 15,883 | 702,505 | |
Avient Corp. | 2,490 | 101,841 | |
Cabot Corp. | 3,538 | 236,657 | |
Carpenter Technology Corp. | 9,057 | 508,369 | |
Century Aluminum Co.* | 10,720 | 93,478 | |
Coeur Mining, Inc.* | 17,220 | 48,905 | |
Commercial Metals Co. | 27,500 | 1,448,150 | |
Ecovyst, Inc.* | 7,110 | 81,481 | |
Element Solutions, Inc. | 50,030 | 960,576 | |
H.B. Fuller Co. | 3,172 | 226,830 | |
Hawkins, Inc. | 1,040 | 49,598 | |
Haynes International, Inc. | 3,500 | 177,870 | |
Hecla Mining Co. | 107,898 | 555,675 | |
Huntsman Corp. | 14,365 | 388,142 | |
Innospec, Inc. | 940 | 94,414 | |
Kaiser Aluminum Corp. | 1,003 | 71,855 | |
Koppers Holdings, Inc. | 2,251 | 76,759 | |
Kronos Worldwide, Inc. | 4,870 | 42,515 | |
Mativ Holdings, Inc. | 2,970 | 44,906 | |
Mercer International, Inc. | 14,440 | 116,531 | |
Minerals Technologies, Inc. | 5,510 | 317,872 | |
NewMarket Corp. | 98 | 39,408 | |
Olin Corp. | 11,225 | 576,853 | |
Orion S.A. | 2,260 | 47,957 | |
Quaker Chemical Corp. | 237 | 46,191 | |
Rayonier Advanced Materials, Inc.* | 11,295 | 48,343 | |
Rogers Corp.* | 737 | 119,342 | |
Royal Gold, Inc. | 721 | 82,756 | |
Schnitzer Steel Industries, Inc. - Class A | 2,966 | 88,950 | |
Stepan Co. | 2,210 | 211,188 | |
Sylvamo Corp. | 770 | 31,146 | |
Trinseo PLC | 2,090 | 26,480 | |
Tronox Holdings PLC | 25,425 | 323,152 | |
United States Steel Corp. | 28,975 | 724,665 | |
9,126,261 | |||
COMMUNICATIONS — 1.9% | |||
Advantage Solutions, Inc.* | 77,250 | 180,765 | |
ATN International, Inc. | 2,069 | 75,725 | |
Cars.com, Inc.* | 7,395 | 146,569 | |
Cogent Communications Holdings, Inc. | 1,070 | 72,000 | |
Consolidated Communications Holdings, Inc.* | 8,840 | 33,857 | |
EchoStar Corp. - Class A* | 2,830 | 49,072 | |
Entravision Communications Corp. - Class A | 7,065 | 31,015 | |
ePlus, Inc.* | 2,920 | 164,396 | |
EW Scripps Co. - Class A* | 15,216 | 139,226 | |
Gannett Co., Inc.* | 11,344 | 25,524 | |
Gray Television, Inc. | 18,905 | 148,971 | |
HealthStream, Inc. | 4,040 | 99,222 | |
InterDigital, Inc. | 650 | 62,758 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
COMMUNICATIONS (Continued) | |||
Iridium Communications, Inc. | 5,570 | $346,008 | |
Lands’ End, Inc.* | 3,150 | 24,444 | |
Liberty Latin America Ltd. - Class A* | 10,250 | 89,688 | |
Magnite, Inc.* | 1,810 | 24,707 | |
NETGEAR, Inc.* | 1,500 | 21,240 | |
Nexstar Media Group, Inc. | 290 | 48,300 | |
Preformed Line Products Co. | 720 | 112,392 | |
Saga Communications, Inc. - Class A | 760 | 16,234 | |
Scholastic Corp. | 9,320 | 362,455 | |
Shenandoah Telecommunications Co. | 1,860 | 36,140 | |
Shutterstock, Inc. | 640 | 31,149 | |
Sinclair, Inc. | 3,480 | 48,094 | |
Spok Holdings, Inc. | 2,290 | 30,434 | |
TEGNA, Inc. | 9,250 | 150,220 | |
Telephone and Data Systems, Inc. | 12,639 | 104,019 | |
Thryv Holdings, Inc.* | 1,696 | 41,722 | |
Urban One, Inc.* | 4,940 | 29,591 | |
Viasat, Inc.* | 9,643 | 397,870 | |
WideOpenWest, Inc.* | 3,230 | 27,261 | |
World Wrestling Entertainment, Inc. - Class A | 300 | 32,541 | |
Ziff Davis, Inc.* | 490 | 34,329 | |
3,237,938 | |||
CONSUMER, CYCLICAL — 18.8% | |||
Abercrombie & Fitch Co. - Class A* | 9,353 | 352,421 | |
Academy Sports & Outdoors, Inc. | 8,863 | 479,045 | |
Acushnet Holdings Corp. | 1,165 | 63,702 | |
Adient PLC* | 6,285 | 240,841 | |
Allegiant Travel Co.* | 2,765 | 349,164 | |
A-Mark Precious Metals, Inc. | 1,580 | 59,147 | |
American Axle & Manufacturing Holdings, Inc.* | 18,305 | 151,382 | |
American Eagle Outfitters, Inc. | 20,452 | 241,334 | |
Asbury Automotive Group, Inc.* | 1,145 | 275,281 | |
AutoNation, Inc.* | 4,357 | 717,206 | |
Bassett Furniture Industries, Inc. | 1,130 | 16,995 | |
Beacon Roofing Supply, Inc.* | 13,140 | 1,090,357 | |
Beazer Homes USA, Inc.* | 3,410 | 96,469 | |
Biglari Holdings, Inc. - Class B* | 120 | 23,657 | |
BJ’s Restaurants, Inc.* | 4,568 | 145,262 | |
Bloomin’ Brands, Inc. | 3,663 | 98,498 | |
Bluegreen Vacations Holding Corp. | 1,130 | 40,285 | |
BlueLinx Holdings, Inc.* | 1,500 | 140,670 | |
Boyd Gaming Corp. | 495 | 34,338 | |
Buckle, Inc. | 2,150 | 74,390 | |
Caleres, Inc. | 7,273 | 174,043 | |
Cato Corp. - Class A | 5,070 | 40,712 | |
Century Communities, Inc. | 9,072 | 695,097 | |
Children’s Place, Inc.* | 3,770 | 87,502 | |
Chuy’s Holdings, Inc.* | 2,440 | 99,601 | |
Container Store Group, Inc.* | 5,820 | 18,275 | |
Copa Holdings S.A. - Class A | 392 | 43,347 | |
Crocs, Inc.* | 975 | 109,629 | |
Daktronics, Inc.* | 3,330 | 21,312 | |
Dana, Inc. | 22,926 | 389,742 |
1
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
CONSUMER, CYCLICAL (Continued) | |||
Dave & Buster’s Entertainment, Inc.* | 1,730 | $77,089 | |
Designer Brands, Inc. - Class A | 5,210 | 52,621 | |
Destination XL Group, Inc.* | 7,010 | 34,349 | |
Dick’s Sporting Goods, Inc. | 2,750 | 363,522 | |
Dillard’s, Inc. - Class A1 | 3,158 | 1,030,392 | |
Dorman Products, Inc.* | 260 | 20,496 | |
Ethan Allen Interiors, Inc. | 6,870 | 194,284 | |
FirstCash Holdings, Inc. | 402 | 37,519 | |
Foot Locker, Inc.1 | 14,743 | 399,683 | |
Forestar Group, Inc.* | 2,210 | 49,836 | |
Fossil Group, Inc.* | 13,780 | 35,415 | |
Fox Factory Holding Corp.* | 300 | 32,553 | |
Gap, Inc. | 4,856 | 43,364 | |
Genesco, Inc.* | 5,080 | 127,203 | |
G-III Apparel Group Ltd.* | 10,750 | 207,152 | |
GMS, Inc.* | 8,300 | 574,360 | |
Goodyear Tire & Rubber Co.* | 44,646 | 610,757 | |
Green Brick Partners, Inc.* | 6,578 | 373,630 | |
Group 1 Automotive, Inc.1 | 4,054 | 1,046,337 | |
Guess?, Inc.1 | 9,710 | 188,859 | |
H&E Equipment Services, Inc. | 2,345 | 107,284 | |
Hamilton Beach Brands Holding Co. - Class A | 2,891 | 27,927 | |
Haverty Furniture Cos., Inc. | 4,630 | 139,919 | |
Hawaiian Holdings, Inc.* | 3,760 | 40,495 | |
Hibbett, Inc. | 1,210 | 43,911 | |
Hilton Grand Vacations, Inc.* | 720 | 32,717 | |
HNI Corp. | 2,410 | 67,914 | |
Hooker Furnishings Corp. | 1,980 | 36,947 | |
Hovnanian Enterprises, Inc. - Class A* | 950 | 94,250 | |
Installed Building Products, Inc. | 530 | 74,285 | |
Interface, Inc. | 4,470 | 39,291 | |
Jack in the Box, Inc. | 526 | 51,301 | |
JAKKS Pacific, Inc.* | 2,120 | 42,336 | |
JetBlue Airways Corp.* | 4,424 | 39,197 | |
Johnson Outdoors, Inc. - Class A | 720 | 44,244 | |
KB Home | 4,850 | 250,793 | |
Kohl’s Corp. | 2,170 | 50,019 | |
La-Z-Boy, Inc. | 7,160 | 205,062 | |
LCI Industries1 | 1,557 | 196,743 | |
LGI Homes, Inc.* | 2,496 | 336,685 | |
Life Time Group Holdings, Inc.* | 5,200 | 102,284 | |
Light & Wonder, Inc.* | 3,542 | 243,548 | |
Lithia Motors, Inc. | 130 | 39,534 | |
M/I Homes, Inc.* | 6,505 | 567,171 | |
Macy’s, Inc. | 24,937 | 400,239 | |
Madison Square Garden Entertainment Corp.* | 1,950 | 65,559 | |
Malibu Boats, Inc. - Class A* | 245 | 14,372 | |
Marcus Corp. | 3,670 | 54,426 | |
MarineMax, Inc.* | 2,080 | 71,053 | |
Marriott Vacations Worldwide Corp. | 2,490 | 305,573 | |
MDC Holdings, Inc. | 12,225 | 571,763 | |
Meritage Homes Corp. | 6,966 | 991,053 | |
Methode Electronics, Inc. | 3,040 | 101,901 | |
Microvast Holdings, Inc.* | 22,600 | 36,160 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
CONSUMER, CYCLICAL (Continued) | |||
Miller Industries, Inc. | 2,765 | $98,075 | |
Motorcar Parts of America, Inc.* | 8,750 | 67,725 | |
Movado Group, Inc. | 4,990 | 133,882 | |
Murphy USA, Inc. | 482 | 149,955 | |
National Vision Holdings, Inc.* | 5,018 | 121,887 | |
Nu Skin Enterprises, Inc. - Class A | 990 | 32,868 | |
ODP Corp.* | 13,270 | 621,301 | |
OPENLANE, Inc.* | 10,324 | 157,131 | |
Oxford Industries, Inc. | 1,310 | 128,930 | |
Patrick Industries, Inc. | 1,770 | 141,600 | |
PC Connection, Inc. | 4,362 | 196,726 | |
Penske Automotive Group, Inc. | 7,470 | 1,244,726 | |
Playa Hotels & Resorts N.V.* | 9,727 | 79,178 | |
PriceSmart, Inc. | 1,270 | 94,056 | |
PVH Corp. | 6,779 | 576,012 | |
RCI Hospitality Holdings, Inc. | 910 | 69,151 | |
Red Robin Gourmet Burgers, Inc.* | 3,980 | 55,043 | |
Resideo Technologies, Inc.* | 14,460 | 255,364 | |
REV Group, Inc. | 7,050 | 93,483 | |
Rocky Brands, Inc. | 1,750 | 36,750 | |
Rush Enterprises, Inc. - Class A | 9,615 | 584,015 | |
Rush Enterprises, Inc. - Class B | 4,575 | 311,374 | |
ScanSource, Inc.* | 4,700 | 138,932 | |
SeaWorld Entertainment, Inc.* | 340 | 19,043 | |
Shoe Carnival, Inc. | 6,370 | 149,568 | |
Signet Jewelers Ltd. | 5,179 | 337,982 | |
Skechers USA, Inc. - Class A* | 3,600 | 189,576 | |
Skyline Champion Corp.* | 1,720 | 112,574 | |
SkyWest, Inc.* | 19,130 | 778,974 | |
Sonic Automotive, Inc. - Class A | 3,490 | 166,368 | |
Sonos, Inc.* | 3,641 | 59,458 | |
Sphere Entertainment Co.* | 1,530 | 41,907 | |
Spirit Airlines, Inc. | 11,185 | 191,935 | |
Standard Motor Products, Inc. | 1,390 | 52,153 | |
Steelcase, Inc. - Class A | 10,665 | 82,227 | |
Steven Madden Ltd. | 1,110 | 36,286 | |
Tapestry, Inc. | 2,140 | 91,592 | |
Taylor Morrison Home Corp.* | 23,773 | 1,159,409 | |
Texas Roadhouse, Inc. | 380 | 42,666 | |
Thor Industries, Inc. | 4,301 | 445,153 | |
Titan Machinery, Inc.* | 5,500 | 162,250 | |
Toll Brothers, Inc. | 3,140 | 248,280 | |
Topgolf Callaway Brands Corp.* | 5,090 | 101,036 | |
Tri Pointe Homes, Inc.* | 28,090 | 923,037 | |
UniFirst Corp. | 600 | 93,006 | |
Urban Outfitters, Inc.* | 10,367 | 343,459 | |
Veritiv Corp. | 2,983 | 374,695 | |
Vista Outdoor, Inc.* | 5,050 | 139,733 | |
VSE Corp. | 1,160 | 63,440 | |
Wabash National Corp. | 4,800 | 123,072 | |
WESCO International, Inc. | 8,982 | 1,608,317 | |
Winmark Corp. | 370 | 123,014 | |
Winnebago Industries, Inc. | 4,605 | 307,107 | |
Wolverine World Wide, Inc. | 4,190 | 61,551 | |
Xperi, Inc.* | 2,842 | 37,372 |
2
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
CONSUMER, CYCLICAL (Continued) | |||
Zumiez, Inc.* | 6,560 | $109,290 | |
31,518,775 | |||
CONSUMER, NON-CYCLICAL — 11.7% | |||
Aaron’s Co., Inc. | 6,070 | 85,830 | |
ABM Industries, Inc. | 12,065 | 514,572 | |
Acadia Healthcare Co., Inc.* | 14,179 | 1,129,216 | |
ACCO Brands Corp. | 13,780 | 71,794 | |
Addus HomeCare Corp.* | 290 | 26,883 | |
Adtalem Global Education, Inc.* | 12,230 | 419,978 | |
Alight, Inc.* | 3,010 | 27,812 | |
Andersons, Inc. | 9,480 | 437,502 | |
AngioDynamics, Inc.* | 5,530 | 57,678 | |
Anika Therapeutics, Inc.* | 1,700 | 44,166 | |
Annexon, Inc.* | 9,620 | 33,862 | |
API Group Corp.* | 1,140 | 31,076 | |
Artivion, Inc.* | 4,440 | 76,324 | |
Avanos Medical, Inc.* | 9,120 | 233,107 | |
B&G Foods, Inc.1 | 1,350 | 18,792 | |
Brookdale Senior Living, Inc.* | 14,145 | 59,692 | |
Cal-Maine Foods, Inc. | 1,733 | 77,985 | |
CareMax, Inc.* | 8,600 | 26,746 | |
CBIZ, Inc.* | 10,320 | 549,850 | |
Central Garden & Pet Co. - Class A* | 6,990 | 254,855 | |
Coca-Cola Consolidated, Inc. | 350 | 222,607 | |
Community Health Systems, Inc.* | 19,690 | 86,636 | |
Coty, Inc. - Class A* | 8,048 | 98,910 | |
CRA International, Inc. | 1,290 | 131,580 | |
Cross Country Healthcare, Inc.* | 3,480 | 97,718 | |
Denali Therapeutics, Inc.* | 1,600 | 47,216 | |
Edgewell Personal Care Co. | 10,120 | 418,057 | |
Emergent BioSolutions, Inc.* | 6,415 | 47,150 | |
Ennis, Inc. | 5,900 | 120,242 | |
Enovis Corp.* | 5,233 | 335,540 | |
Envista Holdings Corp.* | 2,480 | 83,923 | |
Euronet Worldwide, Inc.* | 440 | 51,643 | |
First Advantage Corp.* | 5,210 | 80,286 | |
Flowers Foods, Inc. | 1,160 | 28,861 | |
Fresh Del Monte Produce, Inc. | 11,020 | 283,324 | |
FTI Consulting, Inc.* | 310 | 58,962 | |
Fulgent Genetics, Inc.* | 530 | 19,626 | |
Graham Holdings Co. - Class B | 570 | 325,744 | |
Grand Canyon Education, Inc.* | 840 | 86,696 | |
Green Dot Corp. - Class A* | 6,430 | 120,498 | |
GXO Logistics, Inc.* | 3,620 | 227,408 | |
Hain Celestial Group, Inc.* | 4,870 | 60,924 | |
Healthcare Services Group, Inc. | 2,471 | 36,892 | |
Heidrick & Struggles International, Inc. | 3,255 | 86,160 | |
Herc Holdings, Inc. | 1,013 | 138,629 | |
Hostess Brands, Inc.* | 21,530 | 545,140 | |
Huron Consulting Group, Inc.* | 2,630 | 223,313 | |
ICF International, Inc. | 3,433 | 427,031 | |
Ingles Markets, Inc. - Class A | 4,967 | 410,523 | |
Ingredion, Inc. | 1,268 | 134,345 | |
Innoviva, Inc.* | 8,760 | 111,515 | |
Insperity, Inc. | 460 | 54,722 | |
Integer Holdings Corp.* | 6,460 | 572,421 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
CONSUMER, NON-CYCLICAL (Continued) | |||
John B Sanfilippo & Son, Inc. | 580 | $68,017 | |
KalVista Pharmaceuticals, Inc.* | 5,320 | 47,880 | |
Kelly Services, Inc. - Class A | 8,850 | 155,848 | |
Korn Ferry | 8,955 | 443,631 | |
Laureate Education, Inc. | 12,050 | 145,684 | |
LifeStance Health Group, Inc.* | 10,180 | 92,943 | |
Ligand Pharmaceuticals, Inc.* | 2,425 | 174,842 | |
LiveRamp Holdings, Inc.* | 8,589 | 245,302 | |
ManpowerGroup, Inc. | 990 | 78,606 | |
Marathon Digital Holdings, Inc.* | 4,659 | 64,574 | |
Matthews International Corp. - Class A | 5,400 | 230,148 | |
Monro, Inc. | 1,752 | 71,184 | |
Multiplan Corp.*1 | 57,210 | 120,713 | |
National Beverage Corp.* | 1,300 | 62,855 | |
National HealthCare Corp. | 1,820 | 112,512 | |
National Research Corp. | 3,800 | 165,338 | |
Natural Grocers by Vitamin Cottage, Inc. | 4,950 | 60,687 | |
NeoGenomics, Inc.* | 4,534 | 72,861 | |
Nuvation Bio, Inc.* | 18,310 | 32,958 | |
OmniAb, Inc. - Earnout Shares2 | 477 | — | |
OmniAb, Inc. - Earnout Shares2 | 477 | — | |
Omnicell, Inc.* | 440 | 32,415 | |
Organogenesis Holdings, Inc.* | 4,790 | 15,903 | |
Owens & Minor, Inc.* | 6,990 | 133,090 | |
Patterson Cos., Inc. | 3,095 | 102,940 | |
Pediatrix Medical Group, Inc.* | 2,863 | 40,683 | |
Perdoceo Education Corp.* | 10,340 | 126,872 | |
Phibro Animal Health Corp. - Class A | 2,290 | 31,373 | |
Pilgrim’s Pride Corp.* | 2,410 | 51,791 | |
Post Holdings, Inc.* | 2,820 | 244,353 | |
Premier, Inc. - Class A | 1,320 | 36,511 | |
Prestige Consumer Healthcare, Inc.* | 9,295 | 552,402 | |
PROG Holdings, Inc.* | 7,953 | 255,450 | |
Quad/Graphics, Inc.* | 4,040 | 15,190 | |
Quanex Building Products Corp. | 7,275 | 195,334 | |
QuidelOrtho Corp.* | 738 | 61,151 | |
Repay Holdings Corp.* | 4,490 | 35,157 | |
Riot Platforms, Inc.* | 11,510 | 136,048 | |
Select Medical Holdings Corp. | 2,524 | 80,415 | |
Seneca Foods Corp. - Class A* | 1,570 | 51,308 | |
SpartanNash Co. | 10,253 | 230,795 | |
Sprouts Farmers Market, Inc.* | 2,638 | 96,894 | |
Strategic Education, Inc. | 2,350 | 159,424 | |
Stride, Inc.* | 9,345 | 347,914 | |
Supernus Pharmaceuticals, Inc.* | 2,842 | 85,431 | |
Surgery Partners, Inc.* | 1,600 | 71,984 | |
Tactile Systems Technology, Inc.* | 1,490 | 37,146 | |
Tango Therapeutics, Inc.* | 9,300 | 30,876 | |
Tenet Healthcare Corp.* | 940 | 76,497 | |
Textainer Group Holdings Ltd. | 11,095 | 436,921 | |
TreeHouse Foods, Inc.* | 5,067 | 255,275 | |
Triton International Ltd. | 16,965 | 1,412,506 | |
TrueBlue, Inc.* | 5,620 | 99,530 | |
UFP Technologies, Inc.* | 260 | 50,401 | |
United Natural Foods, Inc.* | 15,128 | 295,752 | |
Universal Corp. | 400 | 19,976 |
3
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
CONSUMER, NON-CYCLICAL (Continued) | |||
Upbound Group, Inc. | 870 | $27,083 | |
USANA Health Sciences, Inc.* | 1,310 | 82,582 | |
Vanda Pharmaceuticals, Inc.* | 4,880 | 32,159 | |
Varex Imaging Corp.* | 2,920 | 68,824 | |
Veracyte, Inc.* | 1,543 | 39,300 | |
Village Super Market, Inc. - Class A | 2,030 | 46,325 | |
Weis Markets, Inc. | 6,649 | 426,932 | |
WillScot Mobile Mini Holdings Corp.* | 11,980 | 572,524 | |
Xencor, Inc.* | 850 | 21,225 | |
Zimvie, Inc.* | 3,850 | 43,236 | |
19,664,443 | |||
ENERGY — 8.5% | |||
Adams Resources & Energy, Inc. | 1,150 | 40,422 | |
Alpha Metallurgical Resources, Inc. | 1,858 | 305,381 | |
Alto Ingredients, Inc.* | 14,440 | 41,732 | |
Antero Midstream Corp. | 9,560 | 110,896 | |
APA Corp. | 4,350 | 148,639 | |
Arch Resources, Inc. | 1,600 | 180,416 | |
Archrock, Inc. | 26,780 | 274,495 | |
Baytex Energy Corp.* | 9,512 | 31,010 | |
Berry Corp. | 7,605 | 52,322 | |
Bristow Group, Inc.* | 3,470 | 99,693 | |
Callon Petroleum Co.* | 1,730 | 60,671 | |
ChampionX Corp. | 2,110 | 65,494 | |
Chord Energy Corp. | 4,921 | 756,850 | |
Civeo Corp.* | 670 | 13,052 | |
Civitas Resources, Inc. | 7,701 | 534,218 | |
CNX Resources Corp.* | 31,011 | 549,515 | |
Comstock Resources, Inc. | 10,033 | 116,383 | |
CONSOL Energy, Inc. | 8,251 | 559,500 | |
CVR Energy, Inc. | 4,546 | 136,198 | |
Delek U.S. Holdings, Inc. | 7,058 | 169,039 | |
Denbury, Inc.* | 556 | 47,961 | |
Devon Energy Corp. | 4,081 | 197,276 | |
Diamond Offshore Drilling, Inc.* | 2,820 | 40,157 | |
Diamondback Energy, Inc. | 2,569 | 337,464 | |
Dril-Quip, Inc.* | 2,430 | 56,546 | |
EnLink Midstream LLC | 20,045 | 212,477 | |
EQT Corp. | 1,379 | 56,718 | |
Equitrans Midstream Corp. | 28,768 | 275,022 | |
Evolution Petroleum Corp. | 4,150 | 33,491 | |
Expro Group Holdings N.V.* | 875 | 15,505 | |
FutureFuel Corp. | 7,600 | 67,260 | |
Golar LNG Ltd. | 2,905 | 58,594 | |
Green Plains, Inc.* | 2,994 | 96,527 | |
Helix Energy Solutions Group, Inc.* | 24,350 | 179,703 | |
Helmerich & Payne, Inc. | 16,039 | 568,583 | |
Liberty Energy, Inc. | 2,650 | 35,430 | |
Matador Resources Co. | 11,147 | 583,211 | |
Murphy Oil Corp. | 30,052 | 1,150,992 | |
Nabors Industries Ltd.* | 510 | 47,445 | |
NACCO Industries, Inc. - Class A | 1,790 | 62,041 | |
Newpark Resources, Inc.* | 11,955 | 62,525 | |
Noble Corp. PLC* | 992 | 40,980 | |
NOV, Inc. | 6,955 | 111,558 | |
NOW, Inc.* | 14,935 | 154,727 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
ENERGY (Continued) | |||
Oceaneering International, Inc.* | 6,702 | $125,327 | |
Oil States International, Inc.* | 13,605 | 101,629 | |
Par Pacific Holdings, Inc.* | 2,729 | 72,619 | |
Patterson-UTI Energy, Inc. | 14,613 | 174,918 | |
PBF Energy, Inc. - Class A | 22,817 | 934,128 | |
PDC Energy, Inc. | 14,645 | 1,041,845 | |
Peabody Energy Corp. | 18,843 | 408,139 | |
Permian Resources Corp. | 27,895 | 305,729 | |
Pioneer Natural Resources Co. | 1,128 | 233,699 | |
ProPetro Holding Corp.* | 16,750 | 138,020 | |
Ramaco Resources, Inc. - Class A | 4,300 | 36,292 | |
Ramaco Resources, Inc. - Class B* | 860 | 9,125 | |
REX American Resources Corp.* | 2,600 | 90,506 | |
SandRidge Energy, Inc. | 2,136 | 32,574 | |
SM Energy Co. | 3,594 | 113,678 | |
SunCoke Energy, Inc. | 24,340 | 191,556 | |
Talos Energy, Inc.* | 7,338 | 101,778 | |
Targa Resources Corp. | 3,610 | 274,721 | |
TechnipFMC PLC* | 14,196 | 235,938 | |
Tidewater, Inc.* | 1,560 | 86,486 | |
Transocean Ltd.* | 29,783 | 208,779 | |
U.S. Silica Holdings, Inc.* | 11,839 | 143,607 | |
Warrior Met Coal, Inc. | 8,975 | 349,576 | |
14,148,788 | |||
FINANCIAL — 24.5% | |||
1st Source Corp. | 4,832 | 202,606 | |
Air Lease Corp. | 22,794 | 953,929 | |
Amalgamated Financial Corp. | 2,210 | 35,559 | |
Ambac Financial Group, Inc.* | 6,390 | 90,994 | |
Amerant Bancorp, Inc. | 2,790 | 47,960 | |
American Equity Investment Life Holding Co. | 29,372 | 1,530,575 | |
American National Bankshares, Inc. | 560 | 16,229 | |
Ameris Bancorp | 5,646 | 193,150 | |
AMERISAFE, Inc. | 1,540 | 82,113 | |
Anywhere Real Estate, Inc.* | 15,770 | 105,344 | |
Argo Group International Holdings Ltd. | 8,248 | 244,223 | |
Associated Banc-Corp | 28,940 | 469,696 | |
Assured Guaranty Ltd. | 11,308 | 630,986 | |
Atlantic Union Bankshares Corp. | 15,553 | 403,600 | |
Avantax, Inc.* | 2,640 | 59,083 | |
Axis Capital Holdings Ltd. | 7,975 | 429,294 | |
Axos Financial, Inc.* | 5,295 | 208,835 | |
Banc of California, Inc. | 10,420 | 120,664 | |
BancFirst Corp.1 | 484 | 44,528 | |
Bancorp, Inc.* | 2,467 | 80,548 | |
Bank of NT Butterfield & Son Ltd. | 1,180 | 32,285 | |
Bank OZK1 | 15,529 | 623,645 | |
Bank7 Corp. | 770 | 18,888 | |
BankFinancial Corp. | 3,130 | 25,603 | |
BankUnited, Inc. | 15,714 | 338,637 | |
Bankwell Financial Group, Inc. | 515 | 12,556 | |
Banner Corp. | 7,600 | 331,892 | |
Bar Harbor Bankshares | 1,790 | 44,106 | |
BCB Bancorp, Inc. | 2,950 | 34,633 |
4
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
FINANCIAL (Continued) | |||
Berkshire Hills Bancorp, Inc. | 7,446 | $154,356 | |
Bread Financial Holdings, Inc. | 4,780 | 150,044 | |
Brighthouse Financial, Inc.* | 10,628 | 503,236 | |
Brookline Bancorp, Inc. | 13,105 | 114,538 | |
Byline Bancorp, Inc. | 2,860 | 51,737 | |
C&F Financial Corp. | 1,190 | 63,903 | |
Cadence Bank | 16,541 | 324,865 | |
Camden National Corp. | 691 | 21,400 | |
Capital City Bank Group, Inc. | 2,390 | 73,230 | |
Capitol Federal Financial, Inc. | 7,820 | 48,249 | |
Carter Bankshares, Inc.* | 1,610 | 23,812 | |
Cathay General Bancorp | 8,740 | 281,341 | |
Central Pacific Financial Corp. | 1,380 | 21,680 | |
Central Valley Community Bancorp | 1,800 | 27,810 | |
Chemung Financial Corp. | 680 | 26,119 | |
Citizens, Inc.*1 | 29,890 | 72,035 | |
City Holding Co. | 2,329 | 209,587 | |
CNB Financial Corp. | 2,560 | 45,184 | |
CNO Financial Group, Inc. | 27,099 | 641,433 | |
Columbia Banking System, Inc. | 14,571 | 295,500 | |
Comerica, Inc. | 1,210 | 51,256 | |
Community Bank System, Inc. | 2,612 | 122,451 | |
Community Trust Bancorp, Inc. | 1,470 | 52,288 | |
ConnectOne Bancorp, Inc. | 6,500 | 107,835 | |
Consumer Portfolio Services, Inc.* | 7,917 | 92,391 | |
Crawford & Co. - Class A | 4,270 | 47,354 | |
Credit Acceptance Corp.* | 147 | 74,666 | |
CrossFirst Bankshares, Inc.* | 3,800 | 38,000 | |
Cushman & Wakefield PLC* | 7,350 | 60,123 | |
Customers Bancorp, Inc.* | 9,045 | 273,702 | |
CVB Financial Corp. | 5,870 | 77,954 | |
Dime Community Bancshares, Inc. | 4,449 | 78,436 | |
Donegal Group, Inc. - Class A | 1,421 | 20,505 | |
Eagle Bancorp, Inc. | 1,547 | 32,735 | |
Employers Holdings, Inc. | 6,489 | 242,753 | |
Enact Holdings, Inc. | 2,253 | 56,618 | |
Encore Capital Group, Inc.* | 5,770 | 280,537 | |
Enova International, Inc.* | 6,105 | 324,298 | |
Enstar Group Ltd.* | 1,260 | 307,742 | |
Enterprise Bancorp, Inc. | 980 | 28,361 | |
Enterprise Financial Services Corp. | 3,205 | 125,315 | |
Esquire Financial Holdings, Inc. | 1,609 | 73,596 | |
ESSA Bancorp, Inc. | 960 | 14,352 | |
Essent Group Ltd. | 6,047 | 283,000 | |
Evercore, Inc. - Class A | 410 | 50,672 | |
EZCORP, Inc. - Class A* | 16,920 | 141,790 | |
Federal Agricultural Mortgage Corp. - Class C | 1,728 | 248,383 | |
Financial Institutions, Inc. | 2,250 | 35,415 | |
First BanCorp/Puerto Rico | 54,950 | 671,489 | |
First Bancorp/Southern Pines NC | 2,224 | 66,164 | |
First Bancshares, Inc. | 566 | 14,625 | |
First Bank/Hamilton NJ | 1,170 | 12,145 | |
First Busey Corp. | 5,489 | 110,329 | |
First Business Financial Services, Inc. | 1,320 | 38,927 | |
First Commonwealth Financial Corp. | 21,140 | 267,421 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
FINANCIAL (Continued) | |||
First Community Bankshares, Inc. | 1,750 | $52,027 | |
First Financial Bancorp | 19,089 | 390,179 | |
First Financial Corp. | 1,821 | 59,128 | |
First Financial Northwest, Inc. | 1,360 | 15,463 | |
First Foundation, Inc. | 6,760 | 26,837 | |
First Horizon Corp. | 10,192 | 114,864 | |
First Internet Bancorp | 650 | 9,653 | |
First Interstate BancSystem, Inc. - Class A | 4,906 | 116,959 | |
First Merchants Corp. | 6,962 | 196,537 | |
First Mid Bancshares, Inc. | 1,992 | 48,087 | |
Flushing Financial Corp. | 4,110 | 50,512 | |
FNB Corp. | 38,057 | 435,372 | |
Forge Global Holdings, Inc.* | 15,770 | 38,321 | |
FRP Holdings, Inc.* | 1,070 | 61,600 | |
FS Bancorp, Inc. | 1,120 | 33,678 | |
Fulton Financial Corp. | 40,311 | 480,507 | |
Genworth Financial, Inc. - Class A* | 112,838 | 564,190 | |
Glacier Bancorp, Inc. | 2,150 | 67,015 | |
Great Southern Bancorp, Inc. | 2,735 | 138,747 | |
Hancock Whitney Corp. | 15,753 | 604,600 | |
Hanmi Financial Corp. | 9,080 | 135,564 | |
Hanover Insurance Group, Inc. | 530 | 59,906 | |
Heartland Financial USA, Inc. | 5,040 | 140,465 | |
Heritage Commerce Corp. | 6,040 | 50,011 | |
Heritage Financial Corp. | 1,618 | 26,163 | |
Hilltop Holdings, Inc. | 11,087 | 348,797 | |
Hingham Institution For Savings The | 70 | 14,923 | |
Home Bancorp, Inc. | 940 | 31,217 | |
HomeStreet, Inc. | 5,300 | 31,376 | |
Hope Bancorp, Inc. | 19,307 | 162,565 | |
Horace Mann Educators Corp. | 11,261 | 334,001 | |
Horizon Bancorp, Inc. | 3,741 | 38,944 | |
Howard Hughes Corp.* | 4,619 | 364,531 | |
Independent Bank Corp. | 2,580 | 43,757 | |
Independent Bank Corp. | 825 | 36,721 | |
Independent Bank Group, Inc. | 6,305 | 217,712 | |
International Bancshares Corp. | 13,035 | 576,147 | |
Invesco Ltd. | 4,190 | 70,434 | |
Jackson Financial, Inc. - Class A | 12,683 | 388,227 | |
Janus Henderson Group PLC | 10,032 | 273,372 | |
Kearny Financial Corp. | 9,692 | 68,329 | |
Kemper Corp. | 5,594 | 269,966 | |
Kennedy-Wilson Holdings, Inc. | 7,365 | 120,270 | |
Lakeland Bancorp, Inc. | 10,935 | 146,420 | |
LCNB Corp. | 1,420 | 20,959 | |
Legacy Housing Corp.* | 1,756 | 40,722 | |
LendingClub Corp.* | 16,690 | 162,727 | |
Live Oak Bancshares, Inc. | 2,130 | 56,040 | |
LPL Financial Holdings, Inc. | 240 | 52,183 | |
Marcus & Millichap, Inc. | 960 | 30,250 | |
MBIA, Inc.* | 6,290 | 54,346 | |
McGrath RentCorp | 2,695 | 249,234 | |
Mercantile Bank Corp. | 1,560 | 43,087 | |
Merchants Bancorp | 640 | 16,371 | |
Metropolitan Bank Holding Corp.* | 990 | 34,383 |
5
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
FINANCIAL (Continued) | |||
MGIC Investment Corp. | 28,270 | $446,383 | |
Midland States Bancorp, Inc. | 3,660 | 72,871 | |
MidWestOne Financial Group, Inc. | 1,400 | 29,918 | |
Mr Cooper Group, Inc.* | 14,242 | 721,215 | |
National Bank Holdings Corp. - Class A | 810 | 23,522 | |
National Western Life Group, Inc. - Class A | 510 | 211,936 | |
Navient Corp. | 33,364 | 619,903 | |
NBT Bancorp, Inc. | 700 | 22,295 | |
Nelnet, Inc. - Class A | 6,130 | 591,422 | |
New York Community Bancorp, Inc. | 88,751 | 997,561 | |
NMI Holdings, Inc. - Class A* | 15,117 | 390,321 | |
Northeast Bank | 1,190 | 49,587 | |
Northfield Bancorp, Inc. | 5,760 | 63,245 | |
Northrim BanCorp, Inc. | 1,860 | 73,154 | |
Northwest Bancshares, Inc. | 19,571 | 207,453 | |
Oak Valley Bancorp | 1,810 | 45,594 | |
OceanFirst Financial Corp. | 7,491 | 117,009 | |
OFG Bancorp | 16,040 | 418,323 | |
Old National Bancorp | 40,696 | 567,302 | |
Old Second Bancorp, Inc. | 2,780 | 36,307 | |
OneMain Holdings, Inc. | 2,980 | 130,196 | |
Oppenheimer Holdings, Inc. - Class A | 2,050 | 82,369 | |
Pacific Premier Bancorp, Inc. | 18,770 | 388,164 | |
PacWest Bancorp1 | 4,130 | 33,660 | |
Park National Corp. | 185 | 18,929 | |
Pathward Financial, Inc. | 3,445 | 159,710 | |
PCB Bancorp | 3,540 | 52,073 | |
Peapack-Gladstone Financial Corp. | 3,435 | 93,020 | |
PennyMac Financial Services, Inc. | 7,127 | 501,099 | |
Peoples Bancorp, Inc. | 5,526 | 146,715 | |
Peoples Financial Services Corp. | 780 | 34,156 | |
Pinnacle Financial Partners, Inc. | 2,477 | 140,322 | |
Piper Sandler Cos. | 1,943 | 251,152 | |
Popular, Inc. | 9,050 | 547,706 | |
PRA Group, Inc.* | 4,923 | 112,491 | |
Preferred Bank/Los Angeles CA | 3,320 | 182,567 | |
Premier Financial Corp. | 5,144 | 82,407 | |
Primerica, Inc. | 590 | 116,678 | |
Primis Financial Corp. | 2,444 | 20,578 | |
ProAssurance Corp. | 6,915 | 104,347 | |
Provident Financial Holdings, Inc. | 1,180 | 15,246 | |
Provident Financial Services, Inc. | 20,160 | 329,414 | |
QCR Holdings, Inc. | 960 | 39,389 | |
Radian Group, Inc. | 12,515 | 316,379 | |
RE/MAX Holdings, Inc. - Class A | 3,229 | 62,191 | |
Regional Management Corp. | 3,250 | 99,125 | |
Reinsurance Group of America, Inc. | 199 | 27,599 | |
Renasant Corp. | 11,493 | 300,312 | |
Republic Bancorp, Inc. - Class A | 1,290 | 54,825 | |
RLI Corp. | 150 | 20,471 | |
S&T Bancorp, Inc. | 2,273 | 61,803 | |
Safety Insurance Group, Inc. | 1,320 | 94,670 | |
Sandy Spring Bancorp, Inc. | 4,031 | 91,423 | |
Seacoast Banking Corp. of Florida | 4,485 | 99,118 | |
Selective Insurance Group, Inc. | 4,194 | 402,414 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
FINANCIAL (Continued) | |||
Shore Bancshares, Inc. | 1,750 | $20,230 | |
Sierra Bancorp | 2,330 | 39,540 | |
Simmons First National Corp. - Class A | 17,587 | 303,376 | |
SiriusPoint Ltd.* | 14,250 | 128,677 | |
SmartFinancial, Inc. | 1,270 | 27,318 | |
Southside Bancshares, Inc. | 1,366 | 35,735 | |
SouthState Corp. | 5,043 | 331,829 | |
Stellar Bancorp, Inc. | 3,689 | 84,441 | |
Stewart Information Services Corp. | 1,910 | 78,577 | |
Stifel Financial Corp. | 3,100 | 184,977 | |
Stock Yards Bancorp, Inc. | 840 | 38,111 | |
StoneX Group, Inc.* | 1,971 | 163,751 | |
Summit Financial Group, Inc. | 3,811 | 78,735 | |
Texas Capital Bancshares, Inc.* | 9,902 | 509,953 | |
Timberland Bancorp, Inc. | 1,578 | 40,365 | |
Tiptree, Inc. | 8,130 | 122,031 | |
Tompkins Financial Corp. | 1,369 | 76,253 | |
Towne Bank/Portsmouth VA | 2,010 | 46,712 | |
TriCo Bancshares | 2,193 | 72,808 | |
TrustCo Bank Corp. NY | 2,420 | 69,236 | |
Trustmark Corp. | 8,127 | 171,642 | |
United Bankshares, Inc. | 10,232 | 303,583 | |
United Community Banks, Inc. | 7,622 | 190,474 | |
United Fire Group, Inc. | 5,910 | 133,921 | |
Unity Bancorp, Inc. | 2,293 | 54,092 | |
Universal Insurance Holdings, Inc. | 3,740 | 57,708 | |
Univest Financial Corp. | 5,540 | 100,163 | |
Unum Group | 20,809 | 992,589 | |
Valley National Bancorp | 35,023 | 271,428 | |
Veritex Holdings, Inc. | 2,710 | 48,590 | |
Walker & Dunlop, Inc. | 2,454 | 194,087 | |
Washington Federal, Inc. | 19,450 | 515,814 | |
Waterstone Financial, Inc. | 1,894 | 27,444 | |
Webster Financial Corp. | 5,996 | 226,349 | |
WesBanco, Inc. | 10,891 | 278,919 | |
White Mountains Insurance Group Ltd. | 235 | 326,394 | |
Wintrust Financial Corp. | 4,344 | 315,461 | |
WSFS Financial Corp. | 5,851 | 220,700 | |
41,100,296 | |||
INDUSTRIAL — 18.3% | |||
AAON, Inc. | 430 | 40,768 | |
AAR Corp.* | 8,900 | 514,064 | |
Acuity Brands, Inc. | 140 | 22,831 | |
Air Transport Services Group, Inc.* | 4,640 | 87,557 | |
Alamo Group, Inc. | 640 | 117,702 | |
American Woodmark Corp.* | 2,530 | 193,216 | |
Ampco-Pittsburgh Corp.* | 11,670 | 37,111 | |
Apogee Enterprises, Inc. | 2,980 | 141,461 | |
Applied Industrial Technologies, Inc. | 490 | 70,967 | |
ArcBest Corp. | 8,480 | 837,824 | |
Arcosa, Inc. | 5,709 | 432,571 | |
Ardmore Shipping Corp. | 5,140 | 63,479 | |
Astec Industries, Inc. | 4,577 | 207,979 | |
Atkore, Inc.* | 1,275 | 198,823 | |
Avnet, Inc. | 11,156 | 562,820 | |
AZEK Co., Inc.* | 4,910 | 148,724 |
6
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
INDUSTRIAL (Continued) | |||
AZZ, Inc. | 1,200 | $52,152 | |
Barnes Group, Inc. | 9,027 | 380,849 | |
Bel Fuse, Inc. - Class B | 2,710 | 155,581 | |
Benchmark Electronics, Inc. | 10,280 | 265,532 | |
Boise Cascade Co. | 8,314 | 751,170 | |
Brady Corp. - Class A | 2,395 | 113,930 | |
Clearwater Paper Corp.* | 2,535 | 79,396 | |
Columbus McKinnon Corp. | 5,120 | 208,128 | |
Comfort Systems USA, Inc. | 929 | 152,542 | |
Comtech Telecommunications Corp. | 5,380 | 49,173 | |
Concrete Pumping Holdings, Inc.* | 2,760 | 22,163 | |
Costamare, Inc. | 20,907 | 202,171 | |
Covenant Logistics Group, Inc. | 3,122 | 136,837 | |
DHT Holdings, Inc. | 39,460 | 336,594 | |
Dorian LPG Ltd. | 11,100 | 284,715 | |
Ducommun, Inc.* | 2,007 | 87,445 | |
DXP Enterprises, Inc.* | 1,480 | 53,887 | |
Eagle Bulk Shipping, Inc.1 | 3,680 | 176,787 | |
Eagle Materials, Inc. | 430 | 80,161 | |
EMCOR Group, Inc. | 1,068 | 197,345 | |
Encore Wire Corp. | 5,720 | 1,063,520 | |
EnerSys | 1,320 | 143,246 | |
EnPro Industries, Inc. | 4,415 | 589,535 | |
Enviri Corp.* | 8,040 | 79,355 | |
Esab Corp. | 7,113 | 473,299 | |
ESCO Technologies, Inc. | 3,051 | 316,175 | |
Federal Signal Corp. | 4,918 | 314,900 | |
Flowserve Corp. | 2,450 | 91,017 | |
Fluor Corp.* | 2,829 | 83,738 | |
Frontdoor, Inc.* | 8,130 | 259,347 | |
Frontline PLC | 19,544 | 283,974 | |
GATX Corp. | 8,215 | 1,057,599 | |
Genco Shipping & Trading Ltd. | 9,285 | 130,269 | |
Gibraltar Industries, Inc.* | 5,639 | 354,806 | |
GoPro, Inc. - Class A* | 12,560 | 51,998 | |
Granite Construction, Inc. | 8,453 | 336,260 | |
Great Lakes Dredge & Dock Corp.* | 11,840 | 96,614 | |
Greenbrier Cos., Inc. | 7,355 | 317,000 | |
Greif, Inc. - Class A | 5,210 | 358,917 | |
Griffon Corp. | 6,350 | 255,905 | |
Hayward Holdings, Inc.* | 9,530 | 122,460 | |
Heartland Express, Inc. | 2,240 | 36,758 | |
Heritage-Crystal Clean, Inc.* | 2,830 | 106,946 | |
Hillenbrand, Inc. | 2,247 | 115,226 | |
Hub Group, Inc. - Class A* | 9,780 | 785,530 | |
Ichor Holdings Ltd.* | 9,410 | 352,875 | |
International Seaways, Inc. | 8,614 | 329,399 | |
JELD-WEN Holding, Inc.* | 3,420 | 59,987 | |
John Bean Technologies Corp. | 500 | 60,650 | |
Kennametal, Inc. | 6,015 | 170,766 | |
Kimball Electronics, Inc.* | 6,580 | 181,805 | |
Kirby Corp.* | 3,478 | 267,632 | |
Knowles Corp.* | 16,595 | 299,706 | |
Kratos Defense & Security Solutions, Inc.* | 8,202 | 117,617 | |
Louisiana-Pacific Corp. | 1,670 | 125,217 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
INDUSTRIAL (Continued) | |||
LSB Industries, Inc.* | 3,550 | $34,967 | |
LSI Industries, Inc. | 5,860 | 73,602 | |
Manitowoc Co., Inc.* | 5,290 | 99,611 | |
Marten Transport Ltd. | 21,605 | 464,507 | |
MasTec, Inc.* | 1,810 | 213,526 | |
Materion Corp. | 3,984 | 454,973 | |
Matson, Inc. | 3,146 | 244,539 | |
Mistras Group, Inc.* | 6,030 | 46,552 | |
Modine Manufacturing Co.* | 14,142 | 466,969 | |
Moog, Inc. - Class A | 1,455 | 157,766 | |
Mueller Industries, Inc. | 4,090 | 356,975 | |
MYR Group, Inc.* | 3,273 | 452,787 | |
National Presto Industries, Inc. | 460 | 33,672 | |
NL Industries, Inc. | 5,450 | 30,139 | |
Northwest Pipe Co.* | 1,917 | 57,970 | |
nVent Electric PLC | 4,145 | 214,172 | |
O-I Glass, Inc.* | 13,045 | 278,250 | |
Olympic Steel, Inc. | 2,759 | 135,191 | |
Overseas Shipholding Group, Inc. - Class A* | 9,400 | 39,198 | |
PAM Transportation Services, Inc.* | 1,454 | 38,924 | |
Park Aerospace Corp. | 2,310 | 31,878 | |
Plexus Corp.* | 3,930 | 386,083 | |
Powell Industries, Inc. | 1,400 | 84,826 | |
Primoris Services Corp. | 4,580 | 139,553 | |
Proto Labs, Inc.* | 1,720 | 60,131 | |
RBC Bearings, Inc.* | 160 | 34,795 | |
Regal Rexnord Corp. | 3,896 | 599,594 | |
Ryder System, Inc. | 2,573 | 218,165 | |
Ryerson Holding Corp. | 6,170 | 267,655 | |
Saia, Inc.* | 130 | 44,513 | |
Sanmina Corp.* | 17,961 | 1,082,509 | |
Schneider National, Inc. - Class B | 5,700 | 163,704 | |
Scorpio Tankers, Inc. | 8,856 | 418,269 | |
SFL Corp. Ltd. | 3,130 | 29,203 | |
SmartRent, Inc.* | 7,970 | 30,525 | |
Smith & Wesson Brands, Inc. | 13,410 | 174,866 | |
SPX Technologies, Inc.* | 2,765 | 234,942 | |
Standex International Corp. | 910 | 128,738 | |
Sterling Infrastructure, Inc.* | 2,470 | 137,826 | |
Stoneridge, Inc.* | 1,830 | 34,496 | |
Sturm Ruger & Co., Inc. | 1,179 | 62,440 | |
Summit Materials, Inc. - Class A* | 16,108 | 609,688 | |
TD SYNNEX Corp. | 1,180 | 110,920 | |
Teekay Corp.* | 10,192 | 61,560 | |
Teekay Tankers Ltd. - Class A | 4,353 | 166,415 | |
Terex Corp. | 3,295 | 197,140 | |
Thermon Group Holdings, Inc.* | 3,370 | 89,642 | |
Timken Co. | 1,905 | 174,365 | |
TimkenSteel Corp.* | 11,432 | 246,588 | |
TopBuild Corp.* | 175 | 46,553 | |
Tredegar Corp. | 2,950 | 19,677 | |
TriMas Corp. | 6,050 | 166,314 | |
Trinity Industries, Inc. | 14,845 | 381,665 | |
Triumph Group, Inc.* | 2,860 | 35,378 | |
TTM Technologies, Inc.* | 32,774 | 455,559 |
7
VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
INDUSTRIAL (Continued) | |||
UFP Industries, Inc. | 5,790 | $561,919 | |
Vishay Intertechnology, Inc. | 26,059 | 766,135 | |
Watts Water Technologies, Inc. - Class A | 580 | 106,563 | |
Werner Enterprises, Inc. | 10,110 | 446,660 | |
Willis Lease Finance Corp.* | 1,740 | 68,086 | |
World Kinect Corp. | 9,090 | 187,981 | |
Worthington Industries, Inc. | 2,520 | 175,064 | |
30,587,376 | |||
TECHNOLOGY — 4.6% | |||
ACI Worldwide, Inc.* | 890 | 20,621 | |
Adeia, Inc. | 10,399 | 114,493 | |
Alpha & Omega Semiconductor Ltd.* | 6,375 | 209,100 | |
Amkor Technology, Inc. | 36,896 | 1,097,656 | |
Asure Software, Inc.* | 2,730 | 33,197 | |
Axcelis Technologies, Inc.* | 1,243 | 227,879 | |
CACI International, Inc. - Class A* | 1,589 | 541,595 | |
Cerence, Inc.* | 5,340 | 156,088 | |
Cohu, Inc.* | 4,382 | 182,116 | |
Computer Programs and Systems, Inc.* | 1,150 | 28,394 | |
Conduent, Inc.* | 11,320 | 38,488 | |
Consensus Cloud Solutions, Inc.* | 746 | 23,126 | |
Digi International, Inc.* | 5,865 | 231,022 | |
Diodes, Inc.* | 1,457 | 134,758 | |
Donnelley Financial Solutions, Inc.* | 460 | 20,944 | |
Ebix, Inc. | 3,150 | 79,380 | |
ExlService Holdings, Inc.* | 200 | 30,212 | |
Grid Dynamics Holdings, Inc.* | 1,810 | 16,743 | |
Health Catalyst, Inc.* | 2,040 | 25,500 | |
Insight Enterprises, Inc.* | 6,565 | 960,722 | |
Integral Ad Science Holding Corp.* | 1,200 | 21,576 | |
IPG Photonics Corp.* | 1,545 | 209,842 | |
Kaleyra, Inc.* | 11,580 | 78,049 | |
KBR, Inc. | 1,186 | 77,161 | |
Kulicke & Soffa Industries, Inc. | 3,438 | 204,389 | |
Maximus, Inc. | 480 | 40,565 | |
NetScout Systems, Inc.* | 10,765 | 333,177 | |
ON24, Inc. | 2,060 | 16,727 | |
Onto Innovation, Inc.* | 2,049 | 238,647 | |
Parsons Corp.* | 2,320 | 111,685 | |
Photronics, Inc.* | 13,193 | 340,247 | |
Playstudios, Inc.* | 8,270 | 40,606 | |
PubMatic, Inc. - Class A* | 760 | 13,893 | |
Rambus, Inc.* | 5,125 | 328,871 | |
Richardson Electronics Ltd./United States | 3,920 | 64,680 | |
Semtech Corp.* | 1,526 | 38,852 | |
SMART Global Holdings, Inc.* | 1,670 | 48,447 | |
Super Micro Computer, Inc.* | 3,426 | 853,930 | |
Ultra Clean Holdings, Inc.* | 4,090 | 157,301 | |
Veradigm, Inc.* | 18,109 | 228,173 | |
Vishay Precision Group, Inc.* | 2,480 | 92,132 | |
Xerox Holdings Corp. | 1,520 | 22,633 | |
7,733,617 | |||
UTILITIES — 0.9% | |||
American States Water Co. | 1,160 | 100,920 | |
Avista Corp. | 2,616 | 102,730 |
Number of Shares | Value | ||
COMMON STOCKS (Continued) | |||
UTILITIES (Continued) | |||
Black Hills Corp. | 750 | $45,195 | |
California Water Service Group | 582 | 30,049 | |
Chesapeake Utilities Corp. | 625 | 74,375 | |
IDACORP, Inc. | 640 | 65,664 | |
MGE Energy, Inc. | 1,554 | 122,937 | |
New Jersey Resources Corp. | 2,626 | 123,947 | |
Northwest Natural Holding Co. | 2,050 | 88,253 | |
NRG Energy, Inc. | 3,300 | 123,387 | |
ONE Gas, Inc.1 | 3,110 | 238,879 | |
Ormat Technologies, Inc. | 1,491 | 119,966 | |
Otter Tail Corp. | 1,951 | 154,051 | |
Portland General Electric Co. | 470 | 22,010 | |
SJW Group | 1,310 | 91,844 | |
Unitil Corp. | 588 | 29,817 | |
1,534,024 | |||
TOTAL COMMON STOCKS | |||
(Cost $113,740,396) | 158,651,518 | ||
EXCHANGE-TRADED FUNDS — 2.0% | |||
Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF | 6,495 | 494,594 | |
Direxion Daily Regional Banks Bull 3x Shares - Class USD ETF | 1,707 | 92,298 | |
Direxion Daily Retail Bull 3X Shares ETF | 27,970 | 196,349 | |
Direxion Daily Small Cap Bull 3X Shares ETF1 | 23,509 | 829,633 | |
iShares Russell 2000 Value ETF | 6,015 | 846,912 | |
SPDR S&P Regional Banking ETF | 19,953 | 814,681 | |
VanEck Oil Services ETF1 | 500 | 143,800 | |
TOTAL EXCHANGE-TRADED FUNDS | |||
(Cost $2,861,293) | 3,418,267 | ||
PREFERRED STOCKS — 0.1% | |||
CONSUMER, CYCLICAL — 0.1% | |||
Qurate Retail, Inc. 8.00%, 3/15/20313 | 274 | 10,280 | |
WESCO International, Inc. 10.63%3,4,5 | 5,008 | 133,814 | |
144,094 | |||
INDUSTRIAL — 0.0% | |||
Steel Partners Holdings LP 6.00%, 2/7/20263 | 1,855 | 43,222 | |
TOTAL PREFERRED STOCKS | |||
(Cost $188,490) | 187,316 | ||
WARRANTS — 0.0% | |||
BASIC MATERIALS — 0.0% | |||
Resolute Forest Products, Inc., Expiration Date: December 31, 2025*2 | 12,820 | — |
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VERICIMETRY U.S. SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Continued)
As of June 30, 2023 (Unaudited)
Number of Shares | Value | ||
WARRANTS (Continued) | |||
CONSUMER, NON-CYCLICAL — 0.0% | |||
Akouos, Inc., Expiration Date: December 5, 2024*2 | 5,159 | $— | |
Jounce Therapeutics, Inc., Expiration Date: December 31, 2025*2 | 18,810 | — | |
— | |||
TOTAL WARRANTS | |||
(Cost $0) | — | ||
MONEY MARKET INVESTMENTS — 5.4% | |||
Federated Treasury Obligations Fund - Class Institutional, 4.88%4,6 | 500,000 | 500,000 | |
Fidelity Institutional Government Portfolio - Class I, 4.92%4 | 3,913,468 | 3,913,468 | |
Invesco Government & Agency Portfolio, 5.05%4,7 | 4,581,997 | 4,581,997 | |
TOTAL MONEY MARKET INVESTMENTS | |||
(Cost $8,995,465) | 8,995,465 | ||
TOTAL INVESTMENTS — 102.2% | |||
(Cost $125,785,644) | 171,252,566 | ||
Liabilities less other assets — (2.2)% | (3,763,083) | ||
TOTAL NET ASSETS — 100.0% | $167,489,483 |
LLC – Limited Liability Company |
LP – Limited Partnership |
PLC – Public Limited Company |
*Non-income producing security. |
1All or a portion of shares are on loan. Total loaned securities had a fair value of $4,478,481 at June 30, 2023. |
2Security valued at fair value as determined by the investment adviser under the supervision of the Board of Trustees. Value determined using significant unobservable inputs. |
3Callable. |
4Variable rate security; the rate shown represents the rate at June 30, 2023. |
5Perpetual security; maturity date is not applicable. |
6All or a portion of this security is segregated as collateral for options contracts. The total value of these securities is $500,000 at June 30, 2023. |
7Investments purchased with cash proceeds from securities lending. Total collateral had a fair value of $4,581,997 at June 30, 2023. |
9