NPORT-EX 2 EOPTIE0DEL063023.htm
Schedule of investments
Optimum International Fund 
June 30, 2023 (Unaudited)
    Number of
shares 		Value (US $)
Common Stocks – 97.68%Δ
Australia − 4.39%
Accent Group       89,033 $     99,710
Aristocrat Leisure      200,133    5,178,006
Base Resources      470,327       53,262
BHP Group       72,369    2,175,554
BlueScope Steel      264,082    3,634,514
Brambles      321,907    3,095,320
CSR       23,001       79,778
EBOS Group           47        1,062
Enero Group       23,974       23,317
Fortescue Metals Group      138,261    2,051,617
Iluka Resources       40,247      299,682
Lottery       49,148      168,492
Nufarm      262,892      895,160
Orica       56,364      558,384
Orora       42,589       93,571
Pilbara Minerals      126,343      415,247
Pro Medicus          689       30,323
Qantas Airways †       79,977      331,434
REA Group        1,384      132,951
Rio Tinto      116,689    7,415,552
Rio Tinto ADR       18,021    1,150,461
South32    1,399,495    3,523,365
Sunland Group       15,703       14,069
Wagners Holding †       20,675       11,018
Washington H Soul Pattinson &       16,929      359,387
Whitehaven Coal      600,510    2,691,994
WiseTech Global       48,839   2,619,639
   37,102,869
Austria − 0.21%
ANDRITZ       12,717      709,225
OMV       18,404      781,474
Raiffeisen Bank International †          877       13,917
voestalpine        7,371      264,887
Zumtobel Group        3,911      31,538
    1,801,041
Belgium − 0.00%
Ascencio          175       8,402
        8,402
Brazil − 2.47%
Caixa Seguridade Participacoes S       34,900       75,074
Gerdau ADR      614,913    3,209,846
MercadoLibre †       14,890  17,638,694
   20,923,614
Canada − 3.39%
AbCellera Biologics †      119,399      771,318
Atco Class I       22,233      661,913
Bird Construction       33,900      215,977
Calfrac Well Services †        8,609       24,955
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Canada (continued)
Calibre Mining †       87,600 $     91,915
Canadian Solar †       32,816    1,269,651
Canfor †        6,200      111,293
Cascades       27,936      246,516
Celestica †       54,897      796,882
CES Energy Solutions       22,773       45,039
Constellation Software        2,870    5,946,376
Crew Energy †       70,025      287,553
DRI Healthcare Trust        5,500       43,801
Finning International       66,700    2,051,727
Hammond Power Solutions        1,900       70,435
iA Financial       22,000    1,498,773
Kinross Gold       93,000      443,676
Leon's Furniture        2,300       38,109
Linamar        1,191       62,591
Lumine Group †      165,429    2,268,990
Major Drilling Group International †        8,288       57,182
Martinrea International       25,979      259,839
Mullen Group        7,400       84,795
North American Construction Group        4,814       92,092
Orezone Gold †       27,800       26,441
PHX Energy Services       10,600       48,489
Pizza Pizza Royalty       15,000      167,692
Russel Metals        2,600       72,029
Shawcor †        2,809       40,627
Shopify Class A †       74,640    4,821,744
Stella-Jones       11,652      600,037
Supremex          239        1,120
TFI International       15,300    1,743,143
TMX Group      130,140    2,928,457
Torex Gold Resources †       10,373      147,364
Total Energy Services        7,700       51,091
Uni-Select †        3,846      136,595
Victoria Gold †       42,600      248,252
Wajax        1,700       32,005
Western Forest Products       65,984       51,801
Winpak        3,300     102,656
   28,660,941
Chile − 0.10%
Enel Chile ADR      266,378     887,039
      887,039
China − 0.11%
SITC International Holdings      494,000     904,598
      904,598
NQ- OPTIE [0623] 0823 (3053882)    1
Schedule of investments
Optimum International Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
China/Hong Kong − 11.08%
37 Interactive Entertainment Network Technology Group Class A      751,700 $  3,615,833
Agricultural Bank of China Class H    7,090,000    2,792,248
AIA Group    1,213,600   12,325,928
Alibaba Group Holding †      282,700    2,942,859
Asia Cement China Holdings      199,746       98,649
Autohome ADR       23,626      688,934
Baidu Class A †       77,500    1,321,823
Bank of Communications Class H      552,000      366,247
Build King Holdings       73,424        9,559
Chengdu Easton Bio Pharmaceutical Class A       14,546      109,897
China CITIC Bank Class H    3,859,000    1,814,338
China Construction Bank Class H    9,826,000    6,361,585
China Display Optoelectronics Technology Holdings †      311,330       13,906
China Minsheng Banking Class H    2,913,500    1,078,650
China Pacific Insurance Group Class H      685,400    1,779,410
China Petroleum Engineering Class A    1,130,700      634,399
Chinese Universe Publishing and Media Group Class A      575,900    1,056,021
Cisen Pharmaceutical Class A       89,700      187,641
Consun Pharmaceutical Group       44,000       29,857
Dah Sing Financial Holdings       30,000       75,144
Focus Media Information Technology Class A      630,852      591,597
Futu Holdings ADR †       29,531    1,173,562
G-bits Network Technology Xiamen Class A       26,800    1,811,902
Hisense Visual Technology Class A      119,100      406,617
HLA Group Class A      446,000      422,640
Hong Kong Exchanges & Clearing       97,100    3,679,023
Industrial & Commercial Bank of China Class H    5,578,000    2,980,948
Jiutian Chemical Group    1,258,400       51,306
Johnson Electric Holdings       38,000       48,734
JOYY ADR       17,282      530,730
KE Holdings ADR †       38,495      571,651
Kingnet Network Class A †      475,187    1,029,652
Lansen Pharmaceutical Holdings †       23,726        4,845
Lenovo Group    1,622,000    1,699,656
Leo Group Class A †    1,304,300      413,450
Longyan Zhuoyue New Energy Class A       16,916      107,781
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
China/Hong Kong (continued)
Meituan Class B 144A †      163,790 $  2,568,377
MINISO Group Holding ADR       58,322      990,891
Natural Food International Holding †      344,000       21,950
NetEase       79,100    1,532,081
New China Life Insurance Class H      670,500    1,771,832
Offshore Oil Engineering Class A      243,061      196,010
Opple Lighting Class A      118,199      330,790
Orient Overseas International       45,491      611,066
Pacific Basin Shipping      164,930       50,323
PAX Global Technology      104,968       79,872
Perfect World Class A      705,700    1,643,257
PetroChina Class H    6,250,000    4,339,736
Ping An Insurance Group Co. of China Class H      517,000    3,302,036
Prosus       45,282    3,316,189
Qingdao Topscomm Communication Class A       20,800       29,950
Sinopec Engineering Group Class H       34,001       15,177
Ten Pao Group Holdings       28,685        3,880
Tencent Holdings      129,200    5,478,232
Tencent Music Entertainment Group ADR †      928,111    6,849,459
Trip.com Group ADR †       49,669    1,738,415
United Laboratories International Holdings      222,000      185,556
Vipshop Holdings ADR †      153,207    2,527,915
Wasu Media Holding Class A      480,300      575,775
Weibo ADR       15,266      200,137
Wuxi Biologics Cayman 144A †      163,500      785,790
Xiamen Comfort Science & Technology Group Class A      297,700      333,599
Xiangpiaopiao Food Class A       96,700      273,609
Yonggao Class A      241,600      188,057
Yue Yuen Industrial Holdings       21,000       27,492
Zhejiang Semir Garment Class A    1,163,378     997,098
   93,791,573
Denmark − 5.07%
Ambu Class B †      120,695    1,978,599
AP Moller - Maersk Class B        3,701    6,507,275
Chr Hansen Holding       37,316    2,594,155
Demant †       21,663      916,929
DSV       59,477   12,492,644
Genmab †        2,272      860,992
Novo Nordisk Class B       79,853   12,899,441
Novozymes Class B       94,631    4,415,397
Pandora        2,217     198,159
   42,863,591
 
2    NQ- OPTIE [0623] 0823 (3053882)
(Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Egypt − 0.00%
ElSewedy Electric       13,000 $      8,696
        8,696
Finland − 0.70%
Cargotec Class B        2,701      148,635
Kone Class B      101,752    5,315,992
Orion Class A        1,418       60,038
QT Group †            2          167
Vaisala Class A          805       37,013
Wartsila Abp       34,801     392,415
    5,954,260
France − 5.53%
ABC arbitrage        4,110       26,685
Alten        1,283      202,334
Aubay          452       23,489
Christian Dior          131      116,340
Cie de Saint-Gobain        9,820      597,904
Criteo ADR †          714       24,090
Danone      107,533    6,589,993
Dassault Aviation        4,595      920,613
Dassault Systemes      154,739    6,856,636
Edenred      121,711    8,152,732
Hermes International        3,680    7,999,288
Ipsen        7,085      852,866
IPSOS        8,385      466,568
Kering       10,359    5,720,230
La Francaise des Jeux        9,991      393,233
Nexans       24,056    2,086,147
Rexel       46,259    1,143,242
Sartorius Stedim Biotech       11,836    2,956,087
TFF Group          734       32,839
Thales       10,888   1,631,337
   46,792,653
Germany − 7.56%
Bayerische Motoren Werke       12,927    1,590,113
BioNTech ADR †       22,746    2,454,976
Carl Zeiss Meditec        3,043      329,084
Deutsche Boerse       42,736    7,889,687
Deutsche Lufthansa †      400,536    4,106,916
HeidelbergCement       65,869    5,416,975
HOCHTIEF        1,038       89,807
Knorr-Bremse       23,785    1,818,211
Rational        9,295    6,730,520
Rheinmetall        3,135      858,840
SAP       97,048   13,257,475
Scout24      128,145    8,120,002
Siemens       67,425   11,239,805
Traton        3,233       69,250
Trivago ADR †       15,245       20,123
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Germany (continued)
Westwing Group †            2 $         19
   63,991,803
Greece − 0.06%
National Bank of Greece †       69,547      452,084
Thrace Plastics Holding and Co.       12,866      77,053
      529,137
Hong Kong − 0.00%
Perennial Energy Holdings      226,875      33,944
       33,944
Hungary − 0.33%
MOL Hungarian Oil
& Gas 		     157,107    1,375,535
OTP Bank       38,678   1,375,020
    2,750,555
India − 2.51%
Acevector Limited =, π      225,780      231,460
Acevector Limited Series G =, π       74,730       76,610
AurionPro Solutions       13,221      157,681
CESC       44,684       39,263
CMS Info Systems       16,947       76,255
Coal India       60,078      169,485
Deccan Cements        1,689       10,229
EIH Associated Hotels †        4,503       28,668
Gujarat Industries Power       34,719       42,893
HCL Technologies       24,652      358,380
Hindustan Aeronautics       14,247      659,850
Housing Development Finance      247,685    8,545,203
ICICI Lombard General Insurance      217,839    3,573,363
Indian Oil    2,178,632    2,428,069
ITC      425,000    2,343,458
ITD Cementation India       71,924      143,559
Kirloskar Industries        1,576       63,842
Marksans Pharma       62,540       69,655
Mazagon Dock Shipbuilders       43,380      660,568
NCL Industries       11,382       27,780
Polycab India        4,968      215,462
Power Finance       99,329      262,081
Power Mech Projects        2,546      104,708
Ram Ratna Wires       14,990       50,823
Rupa & Co.          325        1,069
Savita Oil Technologies       24,350       86,312
Schneider Electric Infrastructure †       25,988       82,704
Triveni Turbine       22,086      109,824
Ugar Sugar Works       42,144       63,922
Welspun Enterprises       23,788       58,636
WNS Holdings ADR †        4,580      337,638
Wonderla Holidays †       13,722       95,345
Yasho Industries           10          223
 
NQ- OPTIE [0623] 0823 (3053882)    3
Schedule of investments
Optimum International Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
India (continued)
Zydus Lifesciences        3,525 $     25,087
   21,200,105
Indonesia − 0.65%
ABM Investama      525,200      107,796
Adaro Energy Indonesia   12,846,998    1,911,986
Akasha Wira International †       37,900       21,514
Astra International    1,225,700      555,951
Asuransi Tugu Pratama Indonesia      107,400        8,811
Bank OCBC Nisp      430,693       34,109
Blue Bird      479,300       68,862
Bukit Asam    2,408,900      429,948
Bumitama Agri       97,300       39,649
Golden Agri-Resources      174,300       31,625
Gudang Garam       54,900      101,158
Hanjaya Mandala Sampoerna      948,500       59,785
Indo Tambangraya Megah       77,319      124,417
Indo-Rama Synthetics       40,800       11,756
Jaya Konstruksi Manggala Pratama   13,589,400       96,986
Panin Financial   10,077,600      191,219
Perusahaan Gas Negara    2,926,720      256,214
Samudera Indonesia       42,480        1,083
United Tractors      912,300   1,414,884
    5,467,753
Iraq − 0.00%
Gulf Keystone Petroleum        9,433      14,388
       14,388
Ireland − 3.47%
CRH      116,382    6,420,483
CRH (London Stock Exchange)       71,184    3,937,493
Kingspan Group      105,168    7,000,384
Ryanair Holdings ADR †      108,517  12,001,980
   29,360,340
Israel − 1.41%
Check Point Software Technologies †       48,450    6,086,289
FIBI Holdings        1,503       60,764
Isracard        1,860        7,776
Ituran Location and Control        1,671       39,001
Nice ADR †        8,544    1,764,336
Wix.com †       50,305   3,935,863
   11,894,029
Italy − 1.02%
A2A      141,603      259,061
Banca IFIS        6,609      105,884
Banca Mediolanum       37,213      336,613
Buzzi Unicem        2,986       74,814
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Italy (continued)
FinecoBank Banca Fineco      359,659 $  4,841,231
Hera       87,461      260,287
PRADA       20,600      138,602
Recordati Industria Chimica e Farmaceutica        5,628      268,865
Technoprobe †      297,335   2,350,442
    8,635,799
Japan − 12.04%
A&A Material        1,800       13,590
A&D HOLON Holdings        4,800       59,856
Achilles        3,900       39,146
Advanced Media        6,500       94,580
AGS        3,000       15,892
Akatsuki        2,700       38,308
Alfresa Holdings       11,500      172,029
Alps Alpine       13,200      115,895
Alps Logistics        3,100       34,816
Amano        3,000       63,321
Amiyaki Tei        1,200       30,369
ANA Holdings †       39,300      936,138
Anest Iwata        7,200       59,209
Anritsu        6,600       56,371
ASAHI YUKIZAI CORP        3,700      112,716
Asia Pile Holdings        7,200       30,840
Avant Group        2,000       19,684
Axell        1,200       13,761
Axial Retailing        1,000       25,160
BIPROGY        3,800       93,490
BML       10,600      213,816
Brother Industries       30,200      442,024
Business Engineering        1,100       25,796
Capcom       16,800      665,960
COLOPL        5,200       23,540
Computer Engineering & Consulting        4,100       51,366
Cosel        6,400       55,741
CTI Engineering        2,000       51,084
Dai Nippon Toryo        4,200       26,798
Dai-Dan        1,700       32,206
Daihatsu Diesel Manufacturing        6,500       32,811
Dainichiseika Color & Chemicals Manufacturing        2,100       30,591
Daitron        2,300       48,630
Daiwa Industries        4,700       45,211
Densan System Holdings        1,500       34,349
Denso      105,300    7,102,710
Digital Arts        1,000       40,809
Disco        4,700      745,166
DMG Mori       21,100      366,821
 
4    NQ- OPTIE [0623] 0823 (3053882)
(Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Japan (continued)
Doshisha        6,100 $     98,199
Eizo       10,000      329,581
Elecom       27,700      280,871
Elematec        9,800      124,428
en Japan       24,100      416,830
Enplas        5,300      215,932
Fabrica Communications        2,500       49,568
FANUC      183,800    6,452,418
Fudo Tetra        3,700       47,136
Fuji        4,300       76,265
Fuji Seal International        8,100       85,768
FUJIFILM Holdings        3,300      196,624
Fujimori Kogyo        1,300       32,407
Fujitsu        2,461      318,657
Fukushima Galilei        1,100       41,022
Fukuyama Transporting        1,400       39,064
Furyu        5,600       51,296
Fuso Pharmaceutical Industries          600        8,355
Gakujo        2,600       34,268
Giken        1,700       24,094
H.U. Group Holdings        7,600      145,332
Hamakyorex        1,400       37,331
Hanwa        3,300      104,226
Heiwa        8,100      140,876
Hikari Tsushin        1,500      215,298
Hisamitsu Pharmaceutical        4,900      128,581
Hitachi Zosen       12,200       80,728
Hito Communications Holdings        2,900       31,354
Hogy Medical        1,600       35,353
Honda Motor       10,100      305,968
Horiba        9,800      563,640
Hosokawa Micron        1,900       46,348
Ichiken        3,100       42,086
Ichikoh Industries        9,200       34,962
Ichiyoshi Securities        1,100        4,630
ID Holdings        3,000       26,839
Ines        2,800       29,249
I-PEX        9,200       85,919
IR Japan Holdings        7,300       82,993
Iriso Electronics          900       26,200
ISB        3,100       36,170
Ishihara Sangyo Kaisha       10,800       98,633
Itfor        8,900       66,084
Itochu Techno-Solutions        3,000       76,020
IwaiCosmo Holdings        3,200       31,932
Iwaki        2,700       26,188
JAC Recruitment        8,500      153,833
Japan Exchange Group      247,900    4,337,876
Japan Lifeline        5,900       42,348
Japan Post Insurance       80,100    1,203,817
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Japan (continued)
Japan System Techniques        9,800 $    171,715
Japan Transcity        5,400       23,327
JK Holdings        3,600       24,552
Kanamoto        9,800      149,502
Kansai Paint       32,900      485,254
Kato Works        8,200       68,907
Kawasaki Kisen Kaisha       25,500      625,260
Kenko Mayonnaise        3,000       27,573
Keyence       11,900    5,654,365
Kitz        7,000       52,991
KNC Laboratories        1,700       21,785
Kokuyo        7,400      101,679
Konoike Transport       10,000      114,955
Kotobuki Spirits        1,000       73,294
Kyokuto Securities        8,400       37,248
Kyowa Kirin        4,300       79,702
Maezawa Industries        4,400       25,485
Mandom        4,600       46,317
Maruzen Showa Unyu        1,500       40,977
Marvelous        9,000       42,068
Megachips        1,800       46,848
Meidensha        7,900      110,041
Meiko Network Japan       11,000       49,832
Meisei Industrial        4,800       32,886
Meitec        7,100      122,510
Melco Holdings        1,700       37,569
MIMAKI ENGINEERING        3,900       25,675
Mimasu Semiconductor Industry        1,800       39,169
Miroku Jyoho Service       14,900      162,916
Mitani Sangyo       10,400       23,112
Mitsuba        8,000       45,295
Mitsubishi Electric       99,100    1,400,962
Mitsubishi Kakoki Kaisha        1,600       30,844
Mitsubishi Logistics        6,700      165,570
Mitsubishi Research Institute        6,400      244,564
Mitsui-Soko Holdings        1,900       46,261
Miura        5,900      154,215
MIXI       19,200      357,391
MonotaRO      296,800    3,790,260
MORESCO        2,700       22,170
Moriroku Holdings        2,300       33,205
Morito        4,900       36,075
MS&AD Insurance Group Holdings       10,400      368,288
Nachi-Fujikoshi        2,400       68,243
Nagase        4,600       76,602
Naigai Trans Line        1,600       28,178
NEC       65,800    3,192,123
NEOJAPAN        3,500       26,331
NGK Insulators       25,500      304,662
 
NQ- OPTIE [0623] 0823 (3053882)    5
Schedule of investments
Optimum International Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Japan (continued)
Nidec       59,400 $  3,273,263
Nihon Kohden          100        2,673
Nihon M&A Center Holdings      332,600    2,559,023
Nihon Parkerizing        6,200       46,237
Nintendo       89,600    4,084,714
Nippon Densetsu Kogyo        3,000       41,258
Nippon Pillar Packing        4,100      133,171
Nippon Shinyaku        5,400      220,934
Nissan Motor      398,900    1,637,139
Nisshinbo Holdings       78,000      646,849
Nissin        1,500       26,228
Nisso        5,800       37,067
Nitto Kogyo        2,800       69,207
Nitto Kohki        2,100       28,836
Nitto Seiko        4,900       19,899
NS Solutions        2,000       55,887
Obara Group          900       26,063
Obic        8,500    1,364,322
OBIC Business Consultants          600       21,985
Okabe        5,100       26,048
Okamura        2,700       35,844
Omron        3,300      202,626
Optim †        3,900       27,684
Optorun        2,500       42,331
Oracle        1,000       74,374
Oro        1,600       23,194
Osaki Electric       12,200       46,576
Otsuka       32,600    1,269,824
Otsuka Holdings       16,500      605,247
Panasonic Holdings       81,600    1,000,574
Pasona Group        2,700       31,353
Persol Holdings       20,100      363,766
Plus Alpha Consulting        2,900       67,412
Pola Orbis Holdings       12,900      188,097
Prestige International        6,900       29,274
Pronexus        2,600       18,065
QB Net Holdings        2,500       25,695
Recruit Holdings       53,300    1,701,088
Rheon Automatic Machinery        3,300       32,620
Ricoh       10,600       90,332
Sangetsu        6,600      114,012
Sanken Electric          800       75,473
Sankyu        1,500       49,648
Sansan †        9,200      108,524
Sanyo Shokai        6,300       84,137
SCREEN Holdings       13,100    1,492,078
SCSK        7,200      113,307
Sega Sammy Holdings       11,800      252,789
Seika        1,900       26,039
Sekisui Kasei        7,100       21,701
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Japan (continued)
SERAKU        2,300 $     25,724
Seria        1,600       25,561
Shibaura Machine        4,500      152,552
Shibaura Mechatronics        1,800      280,494
Shibusawa Warehouse        1,600       31,066
Shibuya        1,400       25,680
Shimano       26,200    4,386,072
Shinagawa Refractories          700       26,285
Shindengen Electric Manufacturing        1,400       31,845
Shinnihon        4,000       35,319
Shinnihonseiyaku        2,500       24,605
Shiseido      119,200    5,403,304
Shofu        1,500       24,128
SIGMAXYZ Holdings        1,400       13,534
Sinfonia Technology        2,500       29,946
SMC       10,000    5,557,619
SMK        1,300       21,830
SMS        4,400       88,490
Socionext        5,300      777,638
Soda Nikka        4,600       26,297
Sodick       12,100       59,980
Soliton Systems       16,300      147,528
Sony Group       83,500    7,537,563
Space        2,900       20,862
SRA Holdings        3,400       76,737
Star Micronics       10,200      127,632
Step        1,800       22,587
Sugi Holdings        2,500      111,701
Sumitomo Seika Chemicals        1,100       34,125
Sun-Wa Technos          100        1,661
Suzuken        8,800      239,346
System Research        2,100       39,342
Systena       12,500       25,494
Tadano        5,100       40,746
Taihei Dengyo Kaisha        1,000       29,599
Takara Standard        8,200      104,779
Takashima &        1,300       31,425
Teikoku Electric Manufacturing        3,300       62,375
Teikoku Sen-I        2,200       25,069
T-Gaia       30,550      367,683
TIS       18,400      461,018
TKC        1,700       45,998
TOA ROAD        1,200       38,909
Tobishima        4,300       37,898
Tochigi Bank       15,400       26,823
Tokyo Electron       15,600    2,246,844
Tokyo Seimitsu        3,300      182,729
Tomy       12,700      159,990
Topy Industries        3,000       47,328
 
6    NQ- OPTIE [0623] 0823 (3053882)
(Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Japan (continued)
Toyo Engineering †        6,200 $     25,446
Transcosmos        6,300      156,765
Trend Micro        1,400       67,769
Trusco Nakayama        7,600      120,507
Tsubakimoto Chain        4,600      117,419
Tsugami        7,200       69,388
Tsuzuki Denki        1,900       26,241
TV Asahi Holdings        7,100       81,102
Unipres        4,200       33,878
V Technology        1,400       23,634
ValueCommerce        5,900       55,509
Vector        7,200       67,321
VINX        2,800       27,221
Vision †        9,500      121,768
Wakita & Co.        2,700       24,311
Warabeya Nichiyo Holdings        7,600      117,178
Wowow        2,000       15,897
Xebio Holdings        3,700       27,983
YAMADA Consulting Group        1,600       17,981
Yamaichi Electronics        4,000       66,175
Yamashin-Filter        8,100       17,128
Yokogawa Electric       21,900      405,394
Yushin Precision Equipment        6,700       33,358
Zenrin        8,800       56,387
ZIGExN       18,200     100,083
  101,885,040
Malaysia − 0.05%
Fraser & Neave Holdings       12,900       69,794
Hap Seng Plantations Holdings        6,900        2,750
Hong Leong Financial Group       60,700      229,665
Lingkaran Trans Kota Holdings       42,600        4,609
Magni-Tech Industries       35,100       14,149
Sarawak Oil Palms       66,900       35,174
Ta Ann Holdings       49,000       35,064
United Plantations        6,700      22,221
      413,426
Mexico − 0.07%
Ternium ADR       14,766     585,472
      585,472
Netherlands − 5.20%
ABN AMRO Bank CVA       15,966      248,163
Adyen 144A †        5,019    8,691,240
ASML Holding       11,482    8,328,222
Brunel International        4,916       64,085
EXOR       48,211    4,304,015
IMCD       49,488    7,121,868
TKH Group CVA        1,206       59,858
Topicus.com †       61,639    5,055,352
Van Lanschot Kempen CVA        1,316       44,133
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Netherlands (continued)
Wolters Kluwer       79,215 $ 10,058,204
   43,975,140
Norway − 0.77%
Aker Carbon Capture †    1,831,047    2,403,256
Equinor      121,335    3,533,138
Hunter Group †       64,299          630
Kongsberg Gruppen       11,297      513,496
Western Bulk Chartering        8,266      24,643
    6,475,163
Panama − 0.43%
Copa Holdings Class A       32,914   3,639,630
    3,639,630
Philippines − 0.01%
Ginebra San Miguel       33,690       92,160
LT Group      146,400      25,269
      117,429
Poland − 0.11%
Bank Handlowy w Warszawie          465        9,882
Bank Millennium †        1,256        1,781
Grupa Azoty †        9,783       63,119
PGE Polska Grupa Energetyczna †        8,347       14,904
Powszechny Zaklad Ubezpieczen       88,044      853,995
Unimot          285       7,220
      950,901
Portugal − 0.06%
Altri          177          804
Greenvolt-Energias Renovaveis †           12           80
Jeronimo Martins       17,300      476,591
Sonae       13,626      13,396
      490,871
Republic of Korea − 2.12%
BNK Financial Group       55,107      290,885
Coupang †      207,631    3,612,779
Crown Confectionery        1,504       10,212
Eugene Technology        3,597       93,470
Haesung Industrial        1,711       11,937
Hana Financial Group        9,782      292,017
Handsome        3,352       59,343
Hanwha Aerospace       11,112    1,076,191
InnoWireless        2,805       59,399
JB Financial Group       46,074      296,539
JYP Entertainment        1,546      154,299
Keyang Electric Machinery        7,515       12,514
Korean Reinsurance        7,860       41,846
Sambo Corrugated Board        3,798       27,489
Samsung Electronics      205,199   11,298,930
 
NQ- OPTIE [0623] 0823 (3053882)    7
Schedule of investments
Optimum International Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Republic of Korea (continued)
Samsung Fire & Marine Insurance        2,192 $    382,516
Sangsangin        6,059       22,245
SeAH Holdings          270       23,283
SGC e Tec E&C          691       12,457
YG Entertainment        2,028     119,247
   17,897,598
Russia − 0.00%
Magnit PJSC =, †       32,259            0
Magnit PJSC GDR =, †            1            0
MMC Norilsk Nickel PJSC =       10,095            0
MMC Norilsk Nickel PJSC ADR =, †            4           0
            0
Singapore − 0.62%
China Aviation Oil Singapore       31,800       22,140
Genting Singapore    1,659,700    1,157,268
Riverstone Holdings      135,900       62,429
Samudera Shipping Line      237,400      152,198
Singapore Airlines      730,400   3,869,680
    5,263,715
South Africa − 0.98%
Anglo American      107,826    3,070,185
Astral Foods        5,209       42,411
Discovery †      629,897    4,881,210
Exxaro Resources       21,266      185,608
Sappi       35,149       72,852
Thungela Resources        9,395      72,568
    8,324,834
Spain − 2.15%
Amadeus IT Group †       99,751    7,596,077
Cia de Distribucion Integral Logista Holdings        5,763      155,407
Industria de Diseno Textil      269,874  10,467,820
   18,219,304
Sweden − 4.04%
Atlas Copco      328,494    4,742,429
Atlas Copco Class B      738,099    9,202,975
Careium †          276          333
Doro †          416          592
Epiroc Class B      367,115    5,941,923
H & M Hennes & Mauritz Class B      159,069    2,735,558
Instalco          115          575
Lifco Class B       33,528      730,165
MIPS       46,968    2,327,872
Paradox Interactive            4          101
Saab Class B        9,148      495,236
SKF      109,487    1,907,866
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Sweden (continued)
Volvo Class B      293,776 $  6,079,702
   34,165,327
Switzerland − 6.32%
ABB      133,977    5,270,769
Belimo Holding        1,049      524,303
BKW        6,780    1,198,704
Cie Financiere Richemont Class A      122,266   20,769,082
Georg Fischer        1,074       80,776
Kuehne + Nagel International        1,645      487,293
Nestle       75,110    9,035,103
Novartis       36,485    3,678,397
Roche Holding       27,053    8,263,881
Swatch Group        4,947    1,446,465
Wizz Air Holdings †       53,243    1,852,577
Zehnder Group       11,237     909,879
   53,517,229
Taiwan − 6.16%
Aaeon Technology        8,000       31,048
Acer    1,653,000    1,667,907
AIC       84,000      883,547
Alpha Networks       67,000       88,303
Arcadyan Technology      224,000      887,062
Asia Vital Components      203,000    1,769,961
Asustek Computer      311,000    3,148,575
AURAS Technology      185,000    1,771,924
Azurewave Technologies †       42,000       39,481
C Sun Manufacturing       26,987       41,853
Chenbro Micom       55,000      297,452
Chicony Electronics       63,000      198,453
ChipMOS Technologies    1,229,000    1,444,844
Compal Electronics      235,000      221,026
D-Link      349,000      245,714
Elitegroup Computer Systems      202,000      206,134
eMemory Technology        9,000      644,171
Emerging Display Technologies      104,000      140,519
Ennoconn      156,000    1,371,995
Eva Airways      272,000      348,955
Everlight Electronics       59,000       98,162
Formosan Rubber Group       56,000       39,786
Getac Holdings      126,000      271,318
Gigabyte Technology      228,000    1,788,059
Group Up Industrial       31,000      136,163
Hannstar Board      295,000      456,423
Innodisk       18,000      187,749
Intai Technology       19,000       83,052
International Games System       15,000      298,920
Inventec      326,000      453,216
ITE Technology      136,000      492,338
Keystone Microtech        7,000       50,968
 
8    NQ- OPTIE [0623] 0823 (3053882)
(Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Taiwan (continued)
L&K Engineering      234,000 $    460,712
La Kaffa International       26,000      142,515
Lite-On Technology      155,000      516,141
Machvision        5,400       40,335
Micro-Star International      395,000    2,246,058
Nan Pao Resins Chemical       21,000      111,119
Novatek Microelectronics      211,000    2,897,066
Pegatron      251,000      604,308
Phison Electronics       53,000      702,807
Pixart Imaging       26,000       91,626
Pou Chen      327,000      331,450
Qisda      973,000    1,436,637
Quanta Computer      501,000    2,446,816
Radiant Opto-Electronics       11,000       38,944
Realtek Semiconductor      164,000    2,044,854
Sea ADR †       50,133    2,909,719
Sea Sonic Electronics       39,000      130,660
Sercomm      183,000      619,273
Sitronix Technology       20,000      151,393
Sonix Technology       20,000       32,360
Sunplus Innovation Technology        9,000       30,270
Systex        5,000       17,702
Taiwan Semiconductor Manufacturing      740,000   13,670,267
Thermaltake Technology       83,000      132,605
Unitech Computer       25,000       29,131
Ventec International Group       36,000      102,780
Weblink International       25,000       50,388
Wistron      120,000     350,132
   52,143,146
Thailand − 0.84%
Advanced Information Technology NVDR      276,200       37,960
Bangkok Bank NVDR    1,087,400    4,898,981
Haad Thip NVDR       28,200       29,031
Ichitan Group NVDR      436,500      170,268
Jasmine Broadband Internet Infrastructure Fund      242,200       48,160
Karmarts NVDR      158,200       56,364
Krung Thai Bank NVDR    2,359,630    1,293,197
Minor International NVDR      164,800      159,582
MK Restaurants Group NVDR       37,000       48,297
PTT Exploration & Production NVDR       35,500      150,420
Sabina NVDR      115,400       86,415
SISB NVDR       66,000       70,393
Somboon Advance Technology NVDR       71,300       38,107
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
Thailand (continued)
Susco NVDR      424,000 $     40,721
    7,127,896
Turkey − 0.08%
Migros Ticaret       44,670      365,035
Turkiye Petrol Rafinerileri      103,378     317,874
      682,909
Ukraine − 0.10%
Ferrexpo      709,394     806,333
      806,333
United Arab Emirates − 0.54%
Air Arabia PJSC      714,303      470,627
Emaar Properties PJSC    2,080,589    3,657,104
Emirates NBD Bank PJSC      111,780     455,026
    4,582,757
United Kingdom − 2.33%
AJ Bell        5,283       21,537
Berkeley Group Holdings        4,762      237,385
Bloomsbury Publishing        7,978       44,176
BP ADR      168,586    5,949,400
Burberry Group        8,184      220,833
Bytes Technology Group        3,798       25,444
Centrica      877,899    1,384,221
Experian      164,629    6,318,626
Gem Diamonds †        5,047        1,193
Greggs           19          617
Howden Joinery Group       44,362      362,454
International Consolidated Airlines Group †      339,574      700,723
Investec      312,725    1,769,369
Man Group       52,906      146,924
ME GROUP INTERNATIONAL       10,392       21,592
Oxford Nanopore Technologies †      555,857    1,505,061
Polar Capital Holdings       20,918      137,080
Rolls-Royce Holdings †      185,648      357,002
Sage Group       41,594     488,601
   19,692,238
United States − 2.60%
Atlassian Class A †        9,339    1,567,178
CyberArk Software †       13,527    2,114,676
DHT Holdings        8,470       72,249
Ferguson        3,391      533,438
GSK ADR       39,087    1,393,061
James Hardie Industries CDI †      192,577    5,137,177
Monday.com †       15,646    2,678,908
Spotify Technology †       52,779    8,473,668
 
NQ- OPTIE [0623] 0823 (3053882)    9
Schedule of investments
Optimum International Fund   (Unaudited)
    Number of
shares 		Value (US $)
Common StocksΔ (continued)
United States (continued)
Viemed Healthcare †        6,348 $     62,150
   22,032,505
Total Common Stocks
(cost $844,021,308) 		826,565,993
 
Preferred Stocks – 0.29%Δ
Brazil − 0.28%
Gerdau 12.02% ω       25,349      132,669
Petroleo Brasileiro 16.90% ω      354,800   2,188,879
    2,321,548
Germany − 0.01%
FUCHS PETROLUB 2.91% ω        1,821       72,048
Villeroy & Boch 5.35% ω          658      12,828
       84,876
Total Preferred Stocks
(cost $2,128,863) 		  2,406,424
 
Exchange-Traded Funds – 0.48%
iShares MSCI Canada ETF        6,933      242,586
iShares MSCI EAFE ETF       36,563    2,650,818
iShares MSCI Emerging Markets ETF       30,424   1,203,573
Total Exchange-Traded Funds
(cost $4,131,621) 		  4,096,977
       
Short-Term Investments – 1.10%
Money Market Mutual Funds – 1.10%
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 4.99%)    2,322,534   2,322,534
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 4.99%)    2,322,534   2,322,534
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.14%)    2,322,533   2,322,533
    Number ofshares Value (US $)
Short-Term Investments (continued)
Money Market Mutual Funds (continued)
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.03%)    2,322,534 $  2,322,534
Total Short-Term Investments
(cost $9,290,135) 		  9,290,135
Total Value of Securities−99.55%
(cost $859,571,927) 		    842,359,529
Receivables and Other Assets Net of Liabilities — 0.45%       3,802,973
Net Assets Applicable to 74,114,757 Shares Outstanding — 100.00%     $846,162,502
Δ Securities have been classified by country of risk.
† Non-income producing security.
= The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security.
π Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At June 30, 2023, the aggregate value of restricted securities was $308,070 which represented percentage of 0.04% of the Fund’s net assets. The Fund has various registration rights (exercisable under a variety of circumstances) with respect to these securities.
ω Perpetual security with no stated maturity date.
Restricted Securities            
Investments   Date of Acquisition   Cost   Value
Acevector Limited   5/7/14   $999,482   $231,460
Acevector Limited Series G   10/29/14   396,443   76,610
Total       $1,395,925   $308,070
Summary of abbreviations: 
ADR – American Depositary Receipt
CDI – CHESS Depositary Interest
CVA – Certified Dutch Certificate
EAFE – Europe, Australasia, and Far East
ETF – Exchange-Traded Fund
GDR – Global Depositary Receipt
MSCI – Morgan Stanley Capital International
NVDR – Non-Voting Depositary Receipt
PJSC – Private Joint Stock Company
 
10    NQ- OPTIE [0623] 0823 (3053882)