NPORT-EX 2 partf.htm HTML

Iman Fund

Schedule of Investments

February 28, 2021 (Unaudited)

(Classifications are based on the North American Industry Classificiation System)

 

Shares           Value  
   COMMON STOCKS - 99.5%   
  

Advertising, Public Relations, and Related Services - 0.9%

   
  27,000     

ContextLogic, Inc. - Class A (a)

    $ 529,470  
  1,080     

The Trade Desk, Inc. - Class A (a)

      869,821  
     

 

 

  
        1,399,291  
     

 

 

  
   Animal Slaughtering and Processing - 0.4%   
  4,875     

Beyond Meat, Inc. (a)

      709,215  
     

 

 

  
  

Automobile Dealers - 1.6%

   
  5,460     

Carvana Co. (a)

      1,547,910  
  22,300     

Vroom, Inc. (a)

      986,775  
     

 

 

  
        2,534,685  
     

 

 

  
  

Basic Chemical Manufacturing - 0.9%

   
  45,900     

Abcam Plc - ADR (a)(b)

      1,093,797  
  1,050     

Air Products and Chemicals, Inc.

      268,401  
     

 

 

  
        1,362,198  
     

 

 

  
  

Building Equipment Contractors - 1.1%

   
  17,370     

EMCOR Group, Inc.

      1,691,317  
     

 

 

  
  

Business Support Services - 1.3%

   
  31,900     

Farfetch Ltd. - Class A (a)(b)

      2,101,572  
     

 

 

  
  

Clothing Stores - 0.4%

   
  2,630     

Ross Stores, Inc.

      306,763  
  5,900     

The TJX Companies, Inc.

      389,341  
     

 

 

  
        696,104  
     

 

 

  
                         

Communications Equipment Manufacturing - 4.5%

                            
  47,220     

Apple, Inc.

      5,725,897  
  34,400     

Calix, Inc. (a)

      1,359,144  
     

 

 

  
        7,085,041  
     

 

 

  
  

Computer and Peripheral Equipment Manufacturing - 0.8%

   
  9,300     

Omnicell, Inc. (a)

      1,180,170  
     

 

 

  

                          Computer Systems Design and Related Services - 3.9%   
  16,539     

Absolute Software Corp. (b)

      251,228  
  6,130     

EPAM Systems, Inc. (a)

      2,290,229  
  4,440     

Okta, Inc. (a)

      1,160,838  
  4,490     

ServiceNow, Inc. (a)

      2,395,235  
     

 

 

  
        6,097,530  
     

 

 

  
  

Couriers and Express Delivery Services - 1.3%

   
  10,400     

Ferrari NV (b)

      2,052,752  
     

 

 

  
  

Cut and Sew Apparel Manufacturing - 3.0%

   
  29,900     

Canada Goose Holdings, Inc. (a)(b)

      1,340,417  
  3,395     

Cintas Corp.

      1,101,134  
  7,105     

Lululemon Athletica, Inc. (a)

      2,214,487  
     

 

 

  
        4,656,038  
     

 

 

  
  

Data Processing, Hosting, and Related Services - 0.7%

   
  12,800     

Ceridian HCM Holding, Inc. (a)

      1,147,648  
     

 

 

  
  

Direct Selling Establishments - 0.4%

   
  3,305     

DoorDash, Inc. - Class A (a)

      560,164  
     

 

 

  
  

Electronic Shopping and Mail-Order Houses - 3.1%

   
  5,345     

Chewy, Inc. - Class A (a)

      542,838  
  5,380     

Pinduoduo, Inc. - ADR (a)(b)

      920,841  
  22,800     

Stitch Fix, Inc. - Class A (a)

      1,739,868  
  6,000     

Wayfair, Inc. - Class A (a)

      1,733,880  
     

 

 

  
        4,937,427  
     

 

 

  
  

Employment Services - 0.8%

   
  5,990     

Teladoc Health, Inc. (a)

      1,324,329  
     

 

 

  
  

Footwear Manufacturing - 0.3%

   
  3,700     

NIKE, Inc. - Class B

      498,686  
     

 

 

  
  

Industrial Machinery Manufacturing - 1.7%

   
  4,765     

ASML Holding NV - ADR (b)

      2,702,184  
     

 

 

  
  

Machinery, Equipment, and Supplies Merchant Wholesalers - 0.7%

   
  23,200     

Fastenal Co.

      1,075,784  
     

 

 

  
  

Medical and Diagnostic Laboratories - 1.0%

                            
  10,900     

CareDx, Inc. (a)

      861,972  
  5,030     

Guardant Health, Inc. (a)

      740,315  
     

 

 

  
        1,602,287  
     

 

 

  

                         

Medical Equipment and Supplies Manufacturing - 5.3%

   
  18,100     

AtriCure, Inc. (a)

      1,181,387  
  90,200     

Cerus Corp. (a)

      553,828  
  1,890     

DexCom, Inc. (a)

      751,804  
  40,100     

GenMark Diagnostics, Inc. (a)

      783,955  
  19,400     

Globus Medical, Inc. - Class A (a)

      1,212,500  
  2,590     

Intuitive Surgical, Inc. (a)

      1,908,312  
  57,700     

SeaSpine Holdings Corp. (a)

      1,091,684  
  28,400     

SI-BONE, Inc. (a)

      891,476  
     

 

 

  
        8,374,946  
     

 

 

  
  

Metal Ore Mining - 2.3%

   
  19,500     

Agnico Eagle Mines Ltd. (b)

      1,089,465  
  146,400     

Alamos Gold, Inc. - Class A (b)

      1,039,440  
  39,800     

Wheaton Precious Metals Corp. (b)

      1,422,452  
     

 

 

  
        3,551,357  
     

 

 

  
  

Miscellaneous Durable Goods Merchant Wholesalers - 0.1%

   
  435     

Pool Corp.

      145,625  
     

 

 

  
  

Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers - 0.8%

   
  11,600     

Copart, Inc. (a)

      1,266,256  
     

 

 

  
  

Motor Vehicle Manufacturing - 0.9%

   
  2,040     

Tesla, Inc. (a)

      1,378,020  
     

 

 

  
  

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing - 5.2%

   
  17,800     

BioLife Solutions, Inc. (a)

      698,294  
  2,445     

IDEXX Laboratories, Inc. (a)

      1,271,816  
  6,175     

Masimo Corp. (a)

      1,548,258  
  17,865     

MKS Instruments, Inc.

      2,945,938  
  28,200     

Onto Innovation, Inc. (a)

      1,761,372  
     

 

 

  
        8,225,678  
     

 

 

  
  

Nursing Care Facilities - 0.8%

   
  14,638     

Ensign Group, Inc.

      1,200,609  
     

 

 

  
  

Office Administrative Services - 0.8%

   
  8,985     

Cardlytics, Inc. (a)

      1,189,884  
     

 

 

  
  

Offices of Physicians - 0.4%

                            
  4,555     

Novocure Ltd. - (a)(b)

      679,150  
     

 

 

  
  

Offices of Real Estate Agents and Brokers - 3.0%

                        
  37,200     

eXp World Holdings, Inc. (a)

      2,246,508  
  16,800     

Redfin Corp. (a)

      1,272,432  
  7,035     

Zillow Group, Inc. - Class C (a)

      1,134,957  
     

 

 

  
        4,653,897  
     

 

 

  

                         

Other Ambulatory Health Care Services - 0.4%

   
  10,500     

Ontrak, Inc. (a)

      618,870  
     

 

 

  
  

Other General Purpose Machinery Manufacturing - 0.5%

   
  4,180     

IDEX Corp.

      815,811  
     

 

 

  
  

Other Information Services - 5.5%

   
  885     

CoStar Group, Inc. (a)

      729,027  
  15,235     

Facebook, Inc. - Class A (a)

      3,924,841  
  17,500     

Pinterest, Inc. - Class A (a)

      1,410,150  
  33,500     

Twitter, Inc. (a)

      2,581,510  
     

 

 

  
        8,645,528  
     

 

 

  
  

Other Schools & Instruction - 1.7%

   
  34,400     

TAL Education Group - ADR (a)(b)

      2,667,376  
     

 

 

  
  

Other Telecommunications - 2.1%

   
  3,700     

ResMed, Inc.

      713,286  
  4,090     

RingCentral, Inc. - Class A (a)

      1,546,675  
  2,925     

Zoom Video Communications, Inc. - Class A (a)

      1,092,809  
     

 

 

  
        3,352,770  
     

 

 

  
  

Other Transit & Ground Passenger Transportation - 2.6%

          
  16,400     

Lyft, Inc. (a)

      913,480  
  60,200     

Uber Technologies, Inc. (a)

      3,115,350  
     

 

 

  
        4,028,830  
     

 

 

  
  

Pharmaceutical and Medicine Manufacturing - 4.7%

   
  5,955     

10X Genomics, Inc. - Class A (a)

      1,059,930  
  4,490     

Illumina, Inc. (a)

      1,972,951  
  11,960     

Johnson & Johnson

      1,895,182  
  1,790     

Regeneron Pharmaceuticals, Inc. (a)

      806,520  
  8,920     

Schrodinger Inc. (a)

      914,122  
  2,700     

Vertex Pharmaceuticals, Inc. (a)

      573,885  
  665     

West Pharmaceutical Services, Inc.

      186,632  
     

 

 

  
        7,409,222  
     

 

 

  
  

Scheduled Air Transportation - 0.5%

                            
  12,300     

CryoPort, Inc. (a)

      731,112  
     

 

 

  
  

Scientific Research and Development Services - 1.0%

                        
  5,800     

Exact Sciences Corp. (a)

      789,496  
  11,500     

NanoString Technologies, Inc. (a)

      802,585  
     

 

 

  
        1,592,081  
     

 

 

  

                         

Semiconductor & Other Electronic Component Manufacturing - 11.8%

   
  8,200     

Advanced Micro Devices, Inc. (a)

      692,982  
  2,300     

Alphabet, Inc. - Class A (a)

      4,650,393  
  1,800     

Lam Research Corp.

      1,020,942  
  35,500     

Marvell Technology Group Ltd. - ADR (b)

      1,713,940  
  71,100     

NeoPhotonics Corp. (a)

      683,271  
  5,885     

NVIDIA Corp.

      3,228,393  
  28,400     

Taiwan Semiconductor Manufacturing Co Ltd. - ADR (b)

      3,576,696  
  11,560     

Texas Instruments, Inc.

      1,991,441  
     

 

 

  
        17,558,058  
     

 

 

  
  

Soap, Cleaning Compound, and Toilet Preparation Manufacturing - 1.0%

   
  5,625     

The Estee Lauder Companies Inc.

      1,607,962  
     

 

 

  
  

Software Publishers - 18.3%

   
  4,700     

Adobe, Inc. (a)

      2,160,449  
  1,320     

ANSYS, Inc. (a)

      450,107  
  7,220     

Appfolio, Inc. - Class A (a)

      1,184,224  
  12,030     

Appian Corp. (a)

      2,067,957  
  8,310     

Cadence Design Systems, Inc. (a)

      1,172,458  
  2,275     

Coupa Software, Inc. (a)

      787,741  
  3,315     

DocuSign, Inc. (a)

      751,378  
  1,970     

HubSpot, Inc. (a)

      1,014,550  
  2,640     

Intuit, Inc.

      1,029,970  
  24,475     

Microsoft Corp.

      5,687,501  
  1,335     

MongoDB, Inc. (a)

      515,217  
  8,900     

Salesforce.com, Inc. (a)

      1,926,850  
  2,685     

Shopify, Inc. - Class A (a)(b)

      3,439,404  
  22,900     

Snap, Inc. - Class A (a)

      1,503,614  
  6,040     

Splunk, Inc. (a)

      863,780  
  5,970     

Twilio, Inc. - Class A (a)

      2,345,494  
  8,470     

Veeva Systems, Inc. - Class A (a)

      2,372,532  
  32,900     

ZoomInfo Technologies, Inc. - Class A (a)

      1,724,618  
     

 

 

  
        30,997,844  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $122,850,193)

      156,105,308  
     

 

 

  
  

Total Investments (Cost $122,850,193) - 99.5%

      156,105,308  
  

Other Assets in Excess of Liabilities - 0.5%

      829,970  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 156,935,278  
     

 

 

  

Percentages are stated as a percent of net assets.

ADR American Depository Receipt

 

PLC

Public Limited Company

 

(a)

Non Income Producing Security

 

(b)

Foreign Issued Security

Summary of Fair Value Exposure at February 28, 2021 (Unaudited)

The Trust has performed an analysis of all existing investments to determine the significance and character of all inputs to their fair value determination. Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:

Level 1 - Unadjusted quoted prices in active markets for identical securities the Fund has the ability to access

Level 2 - Other significant observable inputs (including quoted prices for similar securities in active markets, quoted prices for identical or similar instruments in markets that are not active, model-derived valuations in which all significant inputs and significant value drivers are observable in active markets, interest rates, prepayment speeds, credit risk, etc.)

Level 3 - Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments.)

Inputs that are used in determining a fair value of an investment may include price information, credit data, volatility statistics and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment or similar investments in the marketplace. The inputs will be considered by the Adviser, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the measurement date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy.

Investments falling into the Level 3 category are primarily supported by quoted prices from brokers and dealers participating in the market for those investments. However, they may be classified as Level 3 investments due to lack of market transparanecy and corroboration to support these quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models rely on one or more significant unobservable inputs and/or significant asumptions by the Adviser. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable company data.

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s net assets as of February 28, 2021:

 

     Level 1      Level 2      Level 3      Total  

Common Stocks

    $ 156,105,308      $ —        $ —        $ 156,105,308  

REIT

         —          —        $ —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Total*

    $ 156,105,308      $ —        $ —        $ 156,105,308  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

*

Additional information regarding the industry and/or geographical classification of these investments is disclosed in the Schedule of Investments.

The Fund did not hold any investments during the period ended February 28, 2021 with significant unobservable inputs which would be classified as Level 3. The Fund did not hold any derivative instruments during the reporting period.