NPORT-EX 2 VIPHA20VirRampartEqTrendFd.htm
Rampart Equity Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2019
($ reported in thousands)
  Shares   Value
Common Stocks—99.0%
Communication Services—4.8%    
Alphabet, Inc. Class A(1) 1,093   $1,464
Alphabet, Inc. Class C(1) 1,091   1,459
AT&T, Inc. 65,598   2,564
Charter Communications, Inc. Class A(1) 2,631   1,276
Comcast Corp. Class A 76,141   3,424
DISH Network Corp. Class A(1) 4,278   152
Facebook, Inc. Class A(1) 8,833   1,813
Twitter, Inc.(1) 2,843   91
Verizon Communications, Inc. 37,119   2,279
      14,522
       
 
Consumer Discretionary—20.7%    
Advance Auto Parts, Inc. 3,847   616
Amazon.com, Inc.(1) 2,211   4,086
Aptiv plc 37,150   3,528
AutoZone, Inc.(1) 1,331   1,586
Best Buy Co., Inc. 55,825   4,901
Booking Holdings, Inc.(1) 224   460
BorgWarner, Inc. 29,958   1,300
CarMax, Inc.(1) 9,201   807
Chipotle Mexican Grill, Inc.(1) 389   326
Darden Restaurants, Inc. 1,862   203
Dollar General Corp. 9,742   1,520
Dollar Tree, Inc.(1) 9,032   849
eBay, Inc. 4,087   148
Expedia Group, Inc. 747   81
Gap, Inc. (The) 8,426   149
Garmin Ltd. 49,374   4,817
Home Depot, Inc. (The) 15,992   3,492
Horton (D.R.), Inc. 28,879   1,523
L Brands, Inc. 9,195   167
Lennar Corp. Class A 24,147   1,347
Lowe’s Cos., Inc. 11,177   1,339
McDonald’s Corp. 11,524   2,277
Newell Brands, Inc. 253,564   4,873
NIKE, Inc. Class B 48,034   4,866
NVR, Inc.(1) 299   1,139
O’Reilly Automotive, Inc.(1) 4,208   1,844
PulteGroup, Inc. 21,866   848
Ross Stores, Inc. 14,261   1,660
Starbucks Corp. 18,017   1,584
Target Corp. 19,355   2,481
TJX Cos., Inc. (The) 47,871   2,923
Whirlpool Corp. 33,315   4,915
Yum! Brands, Inc. 4,627   466
      63,121
       
 
Consumer Staples—8.0%    
Church & Dwight Co., Inc. 2,619   184
Clorox Co. (The) 1,334   205
Coca-Cola Co. (The) 43,599   2,413
Colgate-Palmolive Co. 9,118   628
Costco Wholesale Corp. 7,141   2,099
Coty, Inc. Class A 29,161   328
Estee Lauder Cos., Inc. (The) Class A 21,907   4,525
Kimberly-Clark Corp. 3,645   501
Monster Beverage Corp.(1) 4,329   275
PepsiCo, Inc. 15,753   2,153
Procter & Gamble Co. (The) 26,506   3,310
  Shares   Value
       
Consumer Staples—continued    
Sysco Corp. 56,706   $4,851
Walmart, Inc. 22,955   2,728
      24,200
       
 
Energy—1.6%    
HollyFrontier Corp. 5,366   272
Marathon Petroleum Corp. 23,447   1,413
Phillips 66 16,073   1,791
Valero Energy Corp. 14,846   1,390
      4,866
       
 
Financials—8.0%    
Allstate Corp. (The) 7,039   791
American Express Co. 18,048   2,247
Aon plc 7,646   1,593
Bank of America Corp. 32,910   1,159
Berkley (W.R.) Corp. 3,151   218
Capital One Financial Corp. 12,511   1,287
Chubb Ltd. 9,849   1,533
Cincinnati Financial Corp. 3,293   346
Citigroup, Inc. 8,844   707
Discover Financial Services 8,414   714
Everest Re Group Ltd. 17,581   4,867
Gallagher (Arthur J.) & Co. 6,077   579
JPMorgan Chase & Co. 12,772   1,780
Loews Corp. 5,539   291
Marsh & McLennan Cos., Inc. 16,443   1,832
Progressive Corp. (The) 12,718   921
Synchrony Financial 16,002   576
Travelers Cos., Inc. (The) 5,611   768
U.S. Bancorp 5,818   345
Wells Fargo & Co. 15,671   843
Willis Towers Watson plc 4,215   851
      24,248
       
 
Health Care—8.0%    
Abbott Laboratories 9,393   816
ABIOMED, Inc.(1) 240   41
Agilent Technologies, Inc. 5,404   461
Anthem, Inc. 2,740   827
Baxter International, Inc. 2,728   228
Becton, Dickinson & Co. 1,447   393
Boston Scientific Corp.(1) 7,416   335
Centene Corp.(1) 4,493   282
Cerner Corp. 66,152   4,855
Danaher Corp. 3,414   524
Edwards Lifesciences Corp.(1) 1,114   260
HCA Healthcare, Inc. 25,291   3,738
Hologic, Inc.(1) 1,430   75
Humana, Inc. 1,434   526
IDEXX Laboratories, Inc.(1) 459   120
Illumina, Inc.(1) 2,576   854
Intuitive Surgical, Inc.(1) 617   365
IQVIA Holdings, Inc.(1) 3,161   488
Medtronic plc 7,121   808
Mettler-Toledo International, Inc.(1) 425   337
PerkinElmer, Inc. 1,933   188
ResMed, Inc. 767   119
STERIS plc 451   69
Stryker Corp. 1,717   360
See Notes to Schedule of Investments
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Rampart Equity Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2019
($ reported in thousands)
  Shares   Value
       
Health Care—continued    
Teleflex, Inc. 246   $93
Thermo Fisher Scientific, Inc. 6,980   2,268
UnitedHealth Group, Inc. 10,238   3,010
Universal Health Services, Inc. Class B 7,648   1,097
Varian Medical Systems, Inc.(1) 484   69
Waters Corp.(1) 1,122   262
WellCare Health Plans, Inc.(1) 544   180
Zimmer Biomet Holdings, Inc. 1,097   164
      24,212
       
 
Industrials—11.1%    
Arconic, Inc. 2,867   88
Boeing Co. (The) 3,951   1,287
Cintas Corp. 9,927   2,671
Copart, Inc.(1) 24,327   2,212
CSX Corp. 15,200   1,100
Deere & Co. 27,820   4,820
Dover Corp. 3,098   357
Fastenal Co. 57,230   2,115
Flowserve Corp. 2,791   139
Fortive Corp. 6,323   483
General Dynamics Corp. 1,731   305
Huntington Ingalls Industries, Inc. 301   75
IDEX Corp. 1,626   280
Illinois Tool Works, Inc. 6,272   1,127
Ingersoll-Rand plc 5,120   681
Kansas City Southern 1,938   297
L3Harris Technologies, Inc. 1,637   324
Lockheed Martin Corp. 1,829   712
Norfolk Southern Corp. 5,107   991
Northrop Grumman Corp. 1,147   395
Parker-Hannifin Corp. 2,748   566
Pentair plc 3,574   164
Raytheon Co. 2,051   451
Republic Services, Inc. 15,019   1,346
Rollins, Inc. 10,035   333
Snap-on, Inc. 1,175   199
Stanley Black & Decker, Inc. 3,250   539
Textron, Inc. 1,683   75
TransDigm Group, Inc. 368   206
Union Pacific Corp. 13,584   2,456
United Rentals, Inc.(1) 7,522   1,254
United Technologies Corp. 5,978   895
W.W. Grainger, Inc. 4,344   1,471
Waste Management, Inc. 27,898   3,179
Xylem, Inc. 3,839   302
      33,895
       
 
Information Technology—14.4%    
Adobe, Inc.(1) 4,804   1,584
Advanced Micro Devices, Inc.(1) 5,421   249
Akamai Technologies, Inc.(1) 23,271   2,010
Alliance Data Systems Corp. 182   20
Analog Devices, Inc. 1,784   212
ANSYS, Inc.(1) 845   218
Apple, Inc. 15,525   4,559
Applied Materials, Inc. 35,579   2,172
Arista Networks, Inc.(1) 1,024   208
Autodesk, Inc.(1) 2,182   400
Automatic Data Processing, Inc. 1,927   329
Broadcom, Inc. 1,916   605
  Shares   Value
       
Information Technology—continued    
Broadridge Financial Solutions, Inc. 510   $63
Cadence Design Systems, Inc.(1) 2,787   193
Cisco Systems, Inc. 79,983   3,836
Citrix Systems, Inc. 1,204   134
F5 Networks, Inc.(1) 1,147   160
Fidelity National Information Services, Inc. 2,743   382
Fiserv, Inc.(1) 2,552   295
FleetCor Technologies, Inc.(1) 385   111
FLIR Systems, Inc. 16,241   846
Fortinet, Inc.(1) 491   52
Global Payments, Inc. 1,340   245
Hewlett Packard Enterprise Co. 4,771   76
HP, Inc. 5,484   113
Intel Corp. 21,086   1,262
Intuit, Inc. 2,576   675
Jack Henry & Associates, Inc. 343   50
Juniper Networks, Inc. 6,280   155
Keysight Technologies, Inc.(1) 22,774   2,337
KLA Corp. 6,079   1,083
Lam Research Corp. 5,610   1,640
Mastercard, Inc. Class A 3,962   1,183
Maxim Integrated Products, Inc. 1,307   80
Microchip Technology, Inc. 1,158   121
Micron Technology, Inc.(1) 5,397   290
Microsoft Corp. 26,376   4,160
Motorola Solutions, Inc. 3,228   520
NetApp, Inc. 843   52
NortonLifeLock, Inc. 1,976   50
NVIDIA Corp. 2,972   699
Oracle Corp. 7,498   397
Paychex, Inc. 1,417   121
PayPal Holdings, Inc.(1) 5,228   566
Qorvo, Inc.(1) 560   65
QUALCOMM, Inc. 5,533   488
salesforce.com, Inc.(1) 8,822   1,435
Seagate Technology plc 857   51
ServiceNow, Inc.(1) 660   186
Skyworks Solutions, Inc. 825   100
Synopsys, Inc.(1) 1,494   208
Texas Instruments, Inc. 4,532   581
VeriSign, Inc.(1) 14,801   2,852
Visa, Inc. Class A 7,616   1,431
Western Digital Corp. 1,108   70
Western Union Co. (The) 1,871   50
Xerox Holdings Corp. 693   26
Xilinx, Inc. 1,224   120
Zebra Technologies Corp. Class A(1) 6,507   1,662
      43,838
       
 
Materials—8.0%    
Air Products & Chemicals, Inc. 6,462   1,519
Albemarle Corp. 2,439   178
Ball Corp. 74,835   4,840
Celanese Corp. 2,779   342
DuPont de Nemours, Inc. 16,989   1,091
Ecolab, Inc. 5,763   1,112
International Flavors & Fragrances, Inc. 2,453   317
Linde plc 15,722   3,347
Martin Marietta Materials, Inc. 8,326   2,328
Newmont Goldcorp Corp. 112,115   4,871
PPG Industries, Inc. 5,445   727
Sherwin-Williams Co. (The) 1,900   1,109
See Notes to Schedule of Investments
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Rampart Equity Trend Fund
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
December 31, 2019
($ reported in thousands)
  Shares   Value
       
Materials—continued    
Vulcan Materials Co. 17,692   $2,547
      24,328
       
 
Real Estate—8.0%    
American Tower Corp. 6,373   1,465
Apartment Investment & Management Co. Class A 6,374   329
AvalonBay Communities, Inc. 6,001   1,258
CBRE Group, Inc. Class A(1) 79,882   4,896
Crown Castle International Corp. 5,970   849
Digital Realty Trust, Inc. 3,007   360
Duke Realty Corp. 26,042   903
Equinix, Inc. 1,230   718
Equity Residential 14,979   1,212
Essex Property Trust, Inc. 2,828   851
Extra Space Storage, Inc. 1,857   196
Healthpeak Properties, Inc. 33,710   1,162
Iron Mountain, Inc. 4,114   131
Mid-America Apartment Communities, Inc. 4,885   644
Prologis, Inc. 44,699   3,984
Public Storage 2,160   460
SBA Communications, Corp. 1,615   389
UDR, Inc. 12,561   587
Ventas, Inc. 25,376   1,465
Welltower, Inc. 27,685   2,264
Weyerhaeuser Co. 10,686   323
      24,446
       
 
Utilities—6.4%    
AES Corp. 139,264   2,771
Alliant Energy Corp. 2,147   117
Ameren Corp. 4,209   323
American Electric Power Co., Inc. 4,419   418
American Water Works Co., Inc. 39,431   4,844
CenterPoint Energy, Inc. 8,637   236
CMS Energy Corp. 4,864   306
Consolidated Edison, Inc. 5,683   514
Dominion Energy, Inc. 14,098   1,168
DTE Energy Co. 3,288   427
Duke Energy Corp. 6,519   595
Edison International 3,228   243
Entergy Corp. 1,783   214
  Shares   Value
       
Utilities—continued    
Evergy, Inc. 2,036   $133
Eversource Energy 2,899   247
Exelon Corp. 8,674   395
FirstEnergy Corp. 4,828   235
NextEra Energy, Inc. 4,371   1,058
NiSource, Inc. 6,379   178
NRG Energy, Inc. 52,825   2,100
Pinnacle West Capital Corp. 1,006   90
PPL Corp. 6,440   231
Public Service Enterprise Group, Inc. 8,655   511
Sempra Energy 4,820   730
Southern Co. (The) 9,405   599
WEC Energy Group, Inc. 5,400   498
Xcel Energy, Inc. 4,694   298
      19,479
       
 
Total Common Stocks
(Identified Cost $251,439) 		  301,155
       
 
       
 
Total Long-Term Investments—99.0%
(Identified Cost $251,439) 		  301,155
       
 
       
 
TOTAL INVESTMENTS—99.0%
(Identified Cost $251,439) 		  $301,155
Other assets and liabilities, net—1.0%   3,127
NET ASSETS—100.0%   $304,282
    
Footnote Legend:
(1) Non-income producing.
    
Country Weightings†
United States 93%
Switzerland 2
Ireland 2
Bermuda 2
Jersey 1
Total 100%
† % of total investments as of December 31, 2019.
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 $301,155   $301,155
Total Investments $301,155   $301,155
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 EQUITY 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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