NPORT-EX 2 VIPHA40VirRampartMulAstTrdFd.htm
Rampart Multi-Asset Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2019
($ reported in thousands)
  Shares   Value
Common Stocks—35.7%
Communication Services—1.7%    
Alphabet, Inc. Class A(1) 63   $85
Alphabet, Inc. Class C(1) 63   84
AT&T, Inc. 3,755   147
Charter Communications, Inc. Class A(1) 151   73
Comcast Corp. Class A 4,356   196
DISH Network Corp. Class A(1) 245   9
Facebook, Inc. Class A(1) 506   104
Twitter, Inc.(1) 163   5
Verizon Communications, Inc. 2,123   130
      833
       
 
Consumer Discretionary—7.5%    
Advance Auto Parts, Inc. 220   35
Amazon.com, Inc.(1) 127   235
Aptiv plc 2,125   202
AutoZone, Inc.(1) 76   90
Best Buy Co., Inc. 3,199   281
Booking Holdings, Inc.(1) 13   27
BorgWarner, Inc. 1,713   74
CarMax, Inc.(1) 528   46
Chipotle Mexican Grill, Inc.(1) 22   18
Darden Restaurants, Inc. 106   12
Dollar General Corp. 557   87
Dollar Tree, Inc.(1) 517   49
eBay, Inc. 234   8
Expedia Group, Inc. 43   5
Gap, Inc. (The) 483   8
Garmin Ltd. 2,826   276
Home Depot, Inc. (The) 915   200
Horton (D.R.), Inc. 1,653   87
L Brands, Inc. 527   9
Lennar Corp. Class A 1,384   77
Lowe’s Cos., Inc. 640   77
McDonald’s Corp. 659   130
Newell Brands, Inc. 14,541   279
NIKE, Inc. Class B 2,749   278
NVR, Inc.(1) 17   65
O’Reilly Automotive, Inc.(1) 241   106
PulteGroup, Inc. 1,252   49
Ross Stores, Inc. 816   95
Starbucks Corp. 1,032   91
Target Corp. 1,108   142
TJX Cos., Inc. (The) 2,740   167
Whirlpool Corp. 1,909   282
Yum! Brands, Inc. 265   27
      3,614
       
 
Consumer Staples—2.9%    
Church & Dwight Co., Inc. 150   11
Clorox Co. (The) 76   12
Coca-Cola Co. (The) 2,496   138
Colgate-Palmolive Co. 522   36
Costco Wholesale Corp. 409   120
Coty, Inc. Class A 1,671   19
Estee Lauder Cos., Inc. (The) Class A 1,254   259
Kimberly-Clark Corp. 209   29
Monster Beverage Corp.(1) 248   16
PepsiCo, Inc. 903   123
Procter & Gamble Co. (The) 1,517   189
  Shares   Value
       
Consumer Staples—continued    
Sysco Corp. 3,247   $278
Walmart, Inc. 1,314   156
      1,386
       
 
Energy—0.6%    
HollyFrontier Corp. 307   15
Marathon Petroleum Corp. 1,341   81
Phillips 66 919   102
Valero Energy Corp. 850   80
      278
       
 
Financials—2.9%    
Allstate Corp. (The) 403   45
American Express Co. 1,033   129
Aon plc 438   91
Bank of America Corp. 1,885   66
Berkley (W.R.) Corp. 180   12
Capital One Financial Corp. 716   74
Chubb Ltd. 564   88
Cincinnati Financial Corp. 189   20
Citigroup, Inc. 506   40
Discover Financial Services 482   41
Everest Re Group Ltd. 1,008   279
Gallagher (Arthur J.) & Co. 348   33
JPMorgan Chase & Co. 731   102
Loews Corp. 317   17
Marsh & McLennan Cos., Inc. 942   105
Progressive Corp. (The) 727   53
Synchrony Financial 916   33
Travelers Cos., Inc. (The) 321   44
U.S. Bancorp 333   20
Wells Fargo & Co. 897   48
Willis Towers Watson plc 242   49
      1,389
       
 
Health Care—2.8%    
Abbott Laboratories 537   47
ABIOMED, Inc.(1) 14   2
Agilent Technologies, Inc. 309   26
Anthem, Inc. 157   47
Baxter International, Inc. 156   13
Becton, Dickinson & Co. 83   23
Boston Scientific Corp.(1) 424   19
Centene Corp.(1) 257   16
Cerner Corp. 3,787   278
Danaher Corp. 195   30
Edwards Lifesciences Corp.(1) 64   15
HCA Healthcare, Inc. 1,445   214
Hologic, Inc.(1) 82   4
Humana, Inc. 82   30
IDEXX Laboratories, Inc.(1) 26   7
Illumina, Inc.(1) 147   49
Intuitive Surgical, Inc.(1) 35   21
IQVIA Holdings, Inc.(1) 181   28
Medtronic plc 408   46
Mettler-Toledo International, Inc.(1) 24   19
PerkinElmer, Inc. 111   11
ResMed, Inc. 44   7
STERIS plc 26   4
Stryker Corp. 98   21
See Notes to Schedule of Investments
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Rampart Multi-Asset Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2019
($ reported in thousands)
  Shares   Value
       
Health Care—continued    
Teleflex, Inc. 14   $5
Thermo Fisher Scientific, Inc. 400   130
UnitedHealth Group, Inc. 586   172
Universal Health Services, Inc. Class B 438   63
Varian Medical Systems, Inc.(1) 28   4
Waters Corp.(1) 64   15
WellCare Health Plans, Inc.(1) 31   10
Zimmer Biomet Holdings, Inc. 63   9
      1,385
       
 
Industrials—4.0%    
Arconic, Inc. 164   5
Boeing Co. (The) 226   74
Cintas Corp. 568   153
Copart, Inc.(1) 1,393   127
CSX Corp. 869   63
Deere & Co. 1,591   276
Dover Corp. 177   20
Fastenal Co. 3,276   121
Flowserve Corp. 160   8
Fortive Corp. 362   28
General Dynamics Corp. 99   17
Huntington Ingalls Industries, Inc. 17   4
IDEX Corp. 93   16
Illinois Tool Works, Inc. 359   65
Ingersoll-Rand plc 293   39
Kansas City Southern 111   17
L3Harris Technologies, Inc. 94   19
Lockheed Martin Corp. 105   41
Norfolk Southern Corp. 292   57
Northrop Grumman Corp. 66   23
Parker-Hannifin Corp. 157   32
Pentair plc 204   9
Raytheon Co. 117   26
Republic Services, Inc. 860   77
Rollins, Inc. 574   19
Snap-on, Inc. 67   11
Stanley Black & Decker, Inc. 186   31
Textron, Inc. 96   4
TransDigm Group, Inc. 21   12
Union Pacific Corp. 777   140
United Rentals, Inc.(1) 431   72
United Technologies Corp. 342   51
W.W. Grainger, Inc. 249   84
Waste Management, Inc. 1,598   182
Xylem, Inc. 220   17
      1,940
       
 
Information Technology—5.2%    
Adobe, Inc.(1) 275   91
Advanced Micro Devices, Inc.(1) 310   14
Akamai Technologies, Inc.(1) 1,330   115
Alliance Data Systems Corp. 10   1
Analog Devices, Inc. 102   12
ANSYS, Inc.(1) 48   12
Apple, Inc. 889   261
Applied Materials, Inc. 2,036   124
Arista Networks, Inc.(1) 59   12
Autodesk, Inc.(1) 125   23
Automatic Data Processing, Inc. 110   19
Broadcom, Inc. 110   35
  Shares   Value
       
Information Technology—continued    
Broadridge Financial Solutions, Inc. 29   $4
Cadence Design Systems, Inc.(1) 159   11
Cisco Systems, Inc. 4,575   219
Citrix Systems, Inc. 69   8
F5 Networks, Inc.(1) 66   9
Fidelity National Information Services, Inc. 157   22
Fiserv, Inc.(1) 146   17
FleetCor Technologies, Inc.(1) 22   6
FLIR Systems, Inc. 930   48
Fortinet, Inc.(1) 28   3
Global Payments, Inc. 77   14
Hewlett Packard Enterprise Co. 273   4
HP, Inc. 314   6
Intel Corp. 1,206   72
Intuit, Inc. 147   38
Jack Henry & Associates, Inc. 20   3
Juniper Networks, Inc. 359   9
Keysight Technologies, Inc.(1) 1,304   134
KLA Corp. 348   62
Lam Research Corp. 321   94
Mastercard, Inc. Class A 227   68
Maxim Integrated Products, Inc. 75   5
Microchip Technology, Inc. 66   7
Micron Technology, Inc.(1) 308   16
Microsoft Corp. 1,509   238
Motorola Solutions, Inc. 185   30
NetApp, Inc. 48   3
NortonLifeLock, Inc. 113   3
NVIDIA Corp. 170   40
Oracle Corp. 429   23
Paychex, Inc. 81   7
PayPal Holdings, Inc.(1) 299   32
Qorvo, Inc.(1) 32   4
QUALCOMM, Inc. 316   28
salesforce.com, Inc.(1) 505   82
Seagate Technology plc 49   3
ServiceNow, Inc.(1) 38   11
Skyworks Solutions, Inc. 47   6
Synopsys, Inc.(1) 85   12
Texas Instruments, Inc. 259   33
VeriSign, Inc.(1) 847   163
Visa, Inc. Class A 436   82
Western Digital Corp. 63   4
Western Union Co. (The) 107   3
Xerox Holdings Corp. 40   1
Xilinx, Inc. 70   7
Zebra Technologies Corp. Class A(1) 372   95
      2,508
       
 
Materials—2.9%    
Air Products & Chemicals, Inc. 370   87
Albemarle Corp. 140   10
Ball Corp. 4,285   277
Celanese Corp. 159   19
DuPont de Nemours, Inc. 973   62
Ecolab, Inc. 331   64
International Flavors & Fragrances, Inc. 140   18
Linde plc 900   192
Martin Marietta Materials, Inc. 476   133
Newmont Goldcorp Corp. 6,415   279
PPG Industries, Inc. 312   42
Sherwin-Williams Co. (The) 109   64
See Notes to Schedule of Investments
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Rampart Multi-Asset Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2019
($ reported in thousands)
  Shares   Value
       
Materials—continued    
Vulcan Materials Co. 1,013   $146
      1,393
       
 
Real Estate—2.9%    
American Tower Corp. 364   84
Apartment Investment & Management Co. Class A 365   19
AvalonBay Communities, Inc. 344   72
CBRE Group, Inc. Class A(1) 4,569   280
Crown Castle International Corp. 342   49
Digital Realty Trust, Inc. 172   21
Duke Realty Corp. 1,490   52
Equinix, Inc. 70   41
Equity Residential 856   69
Essex Property Trust, Inc. 162   49
Extra Space Storage, Inc. 106   11
Healthpeak Properties, Inc. 1,928   66
Iron Mountain, Inc. 235   8
Mid-America Apartment Communities, Inc. 280   37
Prologis, Inc. 2,561   228
Public Storage 124   26
SBA Communications, Corp. 92   22
UDR, Inc. 719   34
Ventas, Inc. 1,453   84
Welltower, Inc. 1,583   129
Weyerhaeuser Co. 611   18
      1,399
       
 
Utilities—2.3%    
AES Corp. 7,972   159
Alliant Energy Corp. 123   7
Ameren Corp. 241   19
American Electric Power Co., Inc. 253   24
American Water Works Co., Inc. 2,259   278
CenterPoint Energy, Inc. 494   13
CMS Energy Corp. 278   17
Consolidated Edison, Inc. 326   29
Dominion Energy, Inc. 807   67
DTE Energy Co. 188   24
Duke Energy Corp. 373   34
Edison International 185   14
Entergy Corp. 102   12
Evergy, Inc. 117   8
Eversource Energy 166   14
Exelon Corp. 497   23
FirstEnergy Corp. 277   13
NextEra Energy, Inc. 250   61
NiSource, Inc. 365   10
NRG Energy, Inc. 3,025   120
Pinnacle West Capital Corp. 58   5
  Shares   Value
       
Utilities—continued    
PPL Corp. 369   $13
Public Service Enterprise Group, Inc. 495   29
Sempra Energy 276   42
Southern Co. (The) 538   34
WEC Energy Group, Inc. 309   29
Xcel Energy, Inc. 269   17
      1,115
       
 
Total Common Stocks
(Identified Cost $14,385) 		  17,240
       
 
       
 
Exchange-Traded Funds(2)—63.2%
Invesco DB Gold Fund 35,292   1,597
Invesco DB US Dollar Index Bullish Fund 61,142   1,588
iShares 1-3 Year Treasury Bond ETF 33,875   2,867
iShares iBoxx $ Investment Grade Corporate Bond ETF 22,425   2,869
iShares iBoxx High Yield Corporate Bond ETF 32,611   2,868
iShares JP Morgan USD Emerging Markets Bond ETF 25,043   2,869
iShares MSCI Australia ETF 62,798   1,422
iShares MSCI Brazil ETF 30,184   1,432
iShares MSCI Canada ETF 48,171   1,440
iShares MSCI Hong Kong ETF 58,723   1,429
iShares MSCI Italy ETF 48,416   1,428
iShares MSCI Japan ETF 24,134   1,430
iShares MSCI Switzerland ETF 35,186   1,430
iShares MSCI Taiwan ETF 34,751   1,429
iShares TIPS Bond ETF 24,599   2,867
iShares U.S. Real Estate ETF 17,230   1,604
Total Exchange-Traded Funds
(Identified Cost $28,784) 		  30,569
       
 
       
 
Total Long-Term Investments—98.9%
(Identified Cost $43,169) 		  47,809
       
 
       
 
TOTAL INVESTMENTS—98.9%
(Identified Cost $43,169) 		  $47,809
Other assets and liabilities, net—1.1%   518
NET ASSETS—100.0%   $48,327
    
Abbreviations:
ETF Exchange-Traded Fund
TIPS Treasury-Inflation Protected Securities
    
Footnote Legend:
(1) Non-income producing.
(2) Shares of these funds are publicly offered, and the prospectus and annual reports of each are publicly available.
See Notes to Schedule of Investments
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Rampart Multi-Asset Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2019
($ reported in thousands)
The following table summarizes the market value of the Fund’s investments as of December 31, 2019, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):
  Total
Value at
December 31, 2019 		  Level 1
Quoted Prices
Assets:      
Equity Securities:      
Common Stocks $17,240   $17,240
Exchange-Traded Funds 30,569   30,569
Total Investments $47,809   $47,809
There were no securities valued using significant observable inputs (Level 2) or significant unobservable inputs (Level 3) at December 31, 2019.
There were no transfers into or out of Level 3 related to securities held at December 31, 2019.
See Notes to Schedule of Investments
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RAMPART MULTI-ASSET TREND FUND
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2019
Note 1. Security Valuation
The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund’s policy is to recognize transfers into or out of Level 3 at the end of the reporting period.
• Level 1 – quoted prices in active markets for identical securities (security types generally include listed equities).
• Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 – prices determined using significant unobservable inputs (including the Valuation Committee’s own assumptions in determining the fair value of investments).
A description of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis is as follows:
Equity securities are valued at the official closing price (typically last sale) on the exchange on which the securities are primarily traded or, if no closing price is available, at the last bid price and are categorized as Level 1 in the hierarchy. Restricted equity securities and private placements that are illiquid or are internally fair valued by the Valuation Committee, are generally categorized as Level 3 in the hierarchy.
Certain non-U.S. securities may be fair valued in cases where closing prices are not readily available or are deemed not reflective of readily available market prices. For example, significant events (such as movement in the U.S. securities market, or other regional and local developments) may occur between the time that non-U.S. markets close (where the security is principally traded) and the time that the Fund calculates its net asset value (“NAV”) at the close of regular trading on the New York Stock Exchange (“NYSE”) (generally 4 p.m. Eastern time) that may impact the value of securities traded in these non-U.S. markets. In such cases, the Fund’s fair value non-U.S. securities using an independent pricing service which considers the correlation of the trading patterns of the non-U.S. security to the intraday trading in the U.S. markets for investments such as American Depository Receipts, financial futures, exchange-traded funds (“ETFs”), and certain indexes, as well as prices for similar securities. Such fair valuations are categorized as Level 2 in the hierarchy. Because the frequency of significant events is not predictable, fair valuation of certain non-U.S. common stocks may occur on a frequent basis.
Listed derivatives, such as options, that are actively traded are valued based on quoted prices from the exchange and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts and equity-linked instruments, do not require material subjectivity as pricing inputs are observed from actively quoted markets and are categorized as Level 2 in the hierarchy.
Investments in open-end mutual funds are valued at NAV. Investments in closed-end funds and ETFs are valued as of the close of regular trading on the NYSE each business day. Each is categorized as Level 1 in the hierarchy.
A summary of the inputs used to value the Fund’s net assets by each major security type is disclosed at the end of the Schedule of Investments for the Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
For additional information about significant accounting policies, refer to the Fund’s most recent semi or annual report.
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