i

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2%     
     ADVERTISING & MARKETING - 1.5%     
 192,611   Omnicom Group, Inc.(a)  $14,838,752 
           
     APPAREL & TEXTILE PRODUCTS - 3.0%     
 96,907   Oxford Industries, Inc.   3,571,023 
 277,015   Puma S.E.   7,109,351 
 298,455   PVH Corporation(a)   18,611,653 
 178,374   Unifi, Inc.(b)   688,524 
         29,980,551 
     ASSET MANAGEMENT - 1.0%     
 607,725   WisdomTree, Inc.(a)   9,845,145 
           
     AUTOMOTIVE - 0.6%     
 445,633   Dauch Corporation(b)   3,551,695 
 46,639   Miller Industries, Inc.   1,910,800 
         5,462,495 
     BANKING - 2.8%     
 465,836   First Foundation, Inc.(b)   2,925,450 
 38,382   M&T Bank Corporation(a)   8,504,300 
 85,378   Popular, Inc.   11,400,525 
 135,156   WesBanco, Inc.   4,769,655 
         27,599,930 
     BIOTECH & PHARMA - 3.9%     
 175,705   Hikma Pharmaceuticals PLC   3,676,098 
 5,024,021   Iovance Biotherapeutics, Inc.(a),(b)   12,811,254 
 196,506   Lexaria Bioscience Corporation(b)   154,002 
 1,668,698   Viatris, Inc.(a)   21,843,256 
         38,484,610 
     CABLE & SATELLITE - 0.2%     
 68,816   Comcast Corporation, Class A(a)   2,047,276 
           
     CHEMICALS - 6.0%     
 137,646   AdvanSix, Inc.   2,180,313 
 324,869   American Vanguard Corporation(b)   1,650,335 
 103,402   Arkema S.A.   6,235,759 
1 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
  Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     CHEMICALS - 6.0% (Continued)     
 116,661   Eastman Chemical Company(a)  $8,086,940 
 539,919   Ecovyst, Inc.(a),(b)   5,728,541 
 724,797   Mativ Holdings, Inc.(a)   8,733,803 
 287,206   Mosaic Company (The)(a)   7,898,165 
 281,782   Olin Corporation(a)   5,863,883 
 270,504   Orion S.A.   1,671,715 
 47,100   PPG Industries, Inc.   5,446,173 
 923,468   Tronox Holdings PLC, Class A   5,596,216 
         59,091,843 
     COMMERCIAL SUPPORT SERVICES - 6.3%     
 215,773   ABM Industries, Inc.(a)   9,934,189 
 897,338   Alight, Inc., Class A   1,372,927 
 178,475   CoreCivic, Inc.(b)   3,307,142 
 189,544   Forrester Research, Inc.(b)   1,537,202 
 2,163,802   Legalzoom.com, Inc.(a),(b)   19,236,200 
 475,286   Resources Connection, Inc.   2,153,046 
 313,553   Securitas A.B., Class B   5,177,743 
 239,843   Sodexo S.A.   12,270,905 
 317,876   TrueBlue, Inc.(b)   1,703,815 
 886,806   Vestis Corporation(a)   5,790,843 
         62,484,012 
     CONSTRUCTION MATERIALS - 1.8%     
 148,271   Owens Corning(a)   17,768,797 
           
     CONSUMER SERVICES - 1.2%     
 1,485,629   Coursera, Inc.(a),(b)   9,002,912 
 320,203   KinderCare Learning Companies, Inc.(b)   1,495,348 
 223,803   Udemy, Inc.(b)   1,076,492 
         11,574,752 
     CONTAINERS & PACKAGING - 3.5%     
 237,995   Clearwater Paper Corporation(b)   4,003,076 
 65,229   Gerresheimer A.G.   1,950,991 
 111,559   Myers Industries, Inc.(a)   2,305,925 
 554,002   Sonoco Products Company(a)   26,592,095 
         34,852,087 
2 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     E-COMMERCE DISCRETIONARY - 0.4%     
 70,113   Etsy, Inc.(b)  $3,713,184 
           
     ELECTRIC UTILITIES - 0.7%     
 172,495   Avista Corporation(a)   7,122,319 
           
     ELECTRICAL EQUIPMENT - 2.2%     
  34,989   Generac Holdings, Inc.(b)   5,879,552 
 418,851   Sensata Technologies Holding PLC   14,488,056 
 26,003   Vontier Corporation   975,113 
         21,342,721 
     ENGINEERING & CONSTRUCTION - 0.3%     
 200,138   Mistras Group, Inc.(b)   2,829,951 
           
     ENTERTAINMENT CONTENT - 0.0%(c)     
 2,746   Versant Media Group, Inc.(a),(b)   89,465 
           
     FOOD - 5.3%     
 672,794   Dole PLC   10,717,608 
 258,832   Flowers Foods, Inc.   2,958,450 
 76,049   Fresh Del Monte Produce, Inc.   3,016,103 
 494,323   Herbalife Ltd.(b)   8,522,129 
 133,478   Ingredion, Inc.(a)   15,763,752 
 32,633   John B Sanfilippo & Son, Inc.   2,640,010 
 706,546   Nomad Foods Ltd.   8,973,134 
         52,591,186 
     HEALTH CARE FACILITIES & SERVICES - 2.3%     
 1,471,963   Acadia Healthcare Company, Inc.(a),(b)   19,783,183 
 1,480,483   Accendra Health, Inc.(b)   3,271,867 
         23,055,050 
     HOME & OFFICE PRODUCTS - 1.2%     
 949,845   Leggett & Platt, Inc.(a)   11,084,691 
 446,314   Purple Innovation, Inc.(b)   306,841 
         11,391,532 
3 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     HOME CONSTRUCTION - 0.3%     
 83,733   Forestar Group, Inc.(b)  $2,178,733 
 8,545   Mohawk Industries, Inc.(b)   1,011,557 
         3,190,290 
     HOUSEHOLD PRODUCTS – 2.7%     
 198,684   Central Garden & Pet Company, Class A(b)   6,093,638 
 314,958   Coty, Inc., Class A(a),(b)   998,417 
 388,135   Edgewell Personal Care Company(a)   7,553,107 
 509,151   Helen of Troy Ltd.(b)   8,431,540 
 35,254   Interparfums, Inc.(a)   3,439,733 
         26,516,435 
     INDUSTRIAL SUPPORT SERVICES - 0.2%     
 110,102   Titan Machinery, Inc.(b)   1,791,360 
           
     INTERNET MEDIA & SERVICES - 6.4%     
 355,793   Fiverr International Ltd.(b)   5,959,533 
 2,381,408   Getty Images Holdings, Inc.(a),(b)   3,119,644 
 1,574,705   Lyft, Inc., Class A(a),(b)   26,565,273 
 112,973   Maplebear, Inc.(b)   4,198,077 
 150,891   Pinterest, Inc., Class A(b)   3,339,218 
 341,915   Shutterstock, Inc.(a)   6,787,013 
 351,205   Snap, Inc., Class A(b)   2,433,851 
 551,333   Upwork, Inc.(a),(b)   11,043,200 
         63,445,809 
     LEISURE FACILITIES & SERVICES - 5.4%     
 239,708   Jack in the Box, Inc.   5,026,677 
 1,207,212   Penn Entertainment, Inc.(a),(b)   15,500,602 
 1,088,568   Six Flags Entertainment Corporation(a),(b)   19,605,110 
 130,326   United Parks & Resorts, Inc.(b)   4,906,774 
 15,261   Vail Resorts, Inc.   2,030,781 
 856,657   Wendy's Company (The)(a)   6,673,358 
         53,743,302 
     LEISURE PRODUCTS - 0.3%     
 7,355   Shimano, Inc.   837,858 
4 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     LEISURE PRODUCTS - 0.3% (Continued)     
 136,377   Spin Master Corporation(d)  $1,863,925 
         2,701,783 
     MACHINERY – 1.6%     
 4,478   Albany International Corporation, Class A   248,484 
 43,867   GrafTech International Ltd.(b)   662,830 
 51,701   Hurco Companies, Inc.(b)   855,135 
 30,190   Regal Rexnord Corporation   4,875,685 
 126,287   Tennant Company(a)   9,609,178 
         16,251,312 
     MEDICAL EQUIPMENT & DEVICES – 11.6%     
 33,996   Align Technology, Inc.(a),(b)   5,542,368 
 314,359   Baxter International, Inc.(a)   6,309,185 
 403,678   CONMED Corporation(a)   15,497,198 
 2,167,230   Dentsply Sirona, Inc.(a)   27,025,357 
 707,648   Enovis Corporation(a),(b)   15,596,562 
 793,572   Integra LifeSciences Holdings Corporation(a),(b)   8,840,392 
 629,137   Quanterix Corporation(b)   3,988,729 
 191,674   Teleflex, Inc.(a)   20,005,015 
 132,937   Zimmer Biomet Holdings, Inc.(a)   11,574,825 
         114,379,631 
     METALS & MINING - 4.0%     
 631,392   Eldorado Gold Corporation(b)   27,099,344 
 256,983   Equinox Gold Corporation(b)   3,674,857 
 2,623,630   Osisko Development Corporation(b)   8,789,161 
         39,563,362 
     OIL & GAS PRODUCERS - 1.8%     
 83,115   Chord Energy Corporation(a)   8,331,447 
 64,807   ConocoPhillips(a)   6,754,834 
 67,938   Ovintiv, Inc.   2,953,265 
         18,039,546 
     REAL ESTATE SERVICES - 0.1%     
 153,049   REX Holdings, Inc., Class A(b)   1,190,721 
           
5 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     RETAIL - CONSUMER STAPLES - 0.2%     
 181,120   OptimizeRx Corporation(a),(b)  $1,948,851 
           
     RETAIL - DISCRETIONARY - 2.1%     
 758,504   Caleres, Inc.(a)   9,268,919 
 19,749   HUGO BOSS A.G.   819,752 
 85,670   J Jill, Inc.   1,337,309 
 204,570   Lovesac Company (The)(b)   2,724,872 
 28,796   Macy's, Inc.   576,496 
 124,995   Sally Beauty Holdings, Inc.(a),(b)   1,902,424 
 349,554   Sleep Number Corporation(b)   4,068,808 
         20,698,580 
     SEMICONDUCTORS - 0.8%     
 411,014   Vishay Intertechnology, Inc.(a)   8,281,932 
           
     SOFTWARE - 15.6%     
 2,249,940   8x8, Inc.(a),(b)   3,734,900 
 283,632   Akamai Technologies, Inc.(a),(b)   27,554,849 
 314,337   BILL Holdings, Inc.(a),(b)   13,569,928 
 3,804,281   Clarivate PLC(b)   10,081,345 
 199,556   Concentrix Corporation(a)   7,453,417 
 1,003,543   DoubleVerify Holdings, Inc.(a),(b)   10,858,335 
 199,499   Five9, Inc.(b)   3,523,152 
 273,493   Lightspeed Commerce, Inc.(b)   2,953,724 
 421,464   Rapid7, Inc.(a),(b)   5,023,851 
 648,399   RingCentral, Inc., Class A(a),(b)   16,780,566 
 41,240   Salesforce, Inc.(a)   8,754,840 
 177,129   Sprout Social, Inc., Class A(b)   1,603,017 
 470,187   TeamViewer A.G.(b),(d)   3,156,141 
 496,381   UiPath, Inc., Class A(a),(b)   6,249,437 
 216,359   Viant Technology, Inc., Class A(a),(b)   2,557,363 
 133,990   Wix.com Ltd.(b)   11,635,692 
 17,113   Workday, Inc., Class A(b)   3,005,556 
6 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS — 111.2% (Continued)     
     SOFTWARE - 15.6% (Continued)     
 418,016   Ziff Davis, Inc.(a),(b)  $15,976,572 
         154,472,685 
     SPECIALTY FINANCE - 0.2%     
 179,924   PRA Group, Inc.(b)   2,301,228 
           
     STEEL - 1.3%     
 9,105   Olympic Steel, Inc.   437,859 
 423,654   Ryerson Holding Corporation(a)   11,955,516 
         12,393,375 
     TECHNOLOGY HARDWARE - 3.1%     
 65,378   Crane NXT Company   3,302,897 
 460,656   Ingram Micro Holding Corporation(a)   9,729,055 
 589,607   Kornit Digital Ltd.(b)   7,635,411 
 896,170   Stratasys Ltd.(b)   9,589,018 
         30,256,381 
     TECHNOLOGY SERVICES - 7.2%     
 200,518   Dlocal Ltd.   2,698,972 
 312,777   Endava PLC - ADR(b)   1,976,751 
 109,037   Fidelity National Information Services, Inc.(a)   6,024,294 
 217,485   Fiserv, Inc.(a),(b)   13,860,319 
 337,008   Global Payments, Inc.(a)   24,176,954 
 11,936   John Wiley & Sons, Inc., Class A   372,761 
 256,826   LiveRamp Holdings, Inc.(a),(b)   6,253,713 
 300,842   PayPal Holdings, Inc.(a)   15,851,365 
         71,215,129 
     TELECOMMUNICATIONS - 1.6%     
 346,340   Verizon Communications, Inc.(a)   15,419,057 
           
     WHOLESALE - CONSUMER STAPLES - 0.5%     
 63,436   Sysco Corporation   5,319,109 
           
           
     TOTAL COMMON STOCKS (Cost $1,111,275,742)   1,099,285,536 
           
7 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
Shares     Expiration Date  Exercise Price     Fair Value
   WARRANT — 0.0%(c)         
     BIOTECH & PHARMA - 0.0%(c)                  
 320,380   Lexaria Bioscience Corporation Warrants  05/12/2028  $0.95        $128,697 
     TOTAL WARRANT (Cost $3,204)                  
                        
     SHORT-TERM INVESTMENTS — 3.2%                  
     MONEY MARKET FUNDS - 3.2%                  
 31,152,173   First American Government Obligations Fund, Class X, 3.61% (Cost $31,152,173)(e)             31,152,173 
                        
 Contracts(f)                      
     EQUITY OPTIONS PURCHASED - 0.2%  Expiration Date   Exercise Price    Notional Value      
     PUT OPTIONS PURCHASED - 0.2%                  
 89   AutoZone, Inc.  03/20/2026  $3,500   $32,968,181   $667,945 
 40   AutoZone, Inc.  03/20/2026   3,800    14,817,160    823,800 
 1,199   O'Reilly Automotive, Inc.  02/20/2026   95    11,799,359    185,845 
 803   O'Reilly Automotive, Inc.  03/20/2026   96    7,902,323    240,900 
     TOTAL PUT OPTIONS PURCHASED (Cost - $1,550,408)          1,918,490 
                        
                        
     TOTAL INVESTMENTS - 114.6% (Cost $1,143,981,527)            $1,132,484,896 
     LIABILITIES IN EXCESS OF OTHER ASSETS - (14.6)%             (144,123,786)
     NET ASSETS - 100.0%               $988,361,110 
                        
                        
                        
                        
                        
                        

 

 

 

 

8 

 

 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
 Shares       Fair Value 
     COMMON STOCKS SOLD SHORT — (91.1)%     
     ADVERTISING & MARKETING - (1.0)%     
 (20,352)  AppLovin Corporation, Class A  $(9,628,735)
           
     AEROSPACE & DEFENSE - (9.4)%     
 (25,586)  AeroVironment, Inc.   (7,122,887)
 (95,002)  Archer Aviation, Inc., Class A   (683,064)
 (16,752)  HEICO Corporation   (5,543,404)
 (1,369,067)  Joby Aviation, Inc.   (14,471,038)
 (174,364)  Karman Holdings, Inc.   (18,098,984)
 (162,239)  Kratos Defense & Security Solutions, Inc.   (16,712,239)
 (171,656)  Loar Holdings, Inc.   (11,772,168)
 (58,790)  Ondas, Inc.   (609,064)
 (227,675)  Rocket Lab Corporation   (18,229,938)
         (93,242,786)
     APPAREL & TEXTILE PRODUCTS - (0.3)%     
 (65,285)  On Holding A.G.   (2,954,146)
           
     ASSET MANAGEMENT - (7.0)%     
 (99,467)  Ares Management Corporation, Class A   (14,887,226)
 (90,351)  Blackstone, Inc.   (12,867,789)
 (518,107)  Blue Owl Capital, Inc.   (7,066,979)
 (158,088)  Robinhood Markets, Inc., Class A   (15,726,595)
 (194,329)  StepStone Group, Inc., Class A   (13,737,117)
 (78,405)  TPG, Inc.   (4,618,839)
         (68,904,545)
     AUTOMOTIVE - (2.4)%     
 (223,792)  Aurora Innovation, Inc.   (939,926)
 (384,084)  QuantumScape Corporation   (3,399,143)
 (43,883)  Tesla, Inc.   (18,887,683)
         (23,226,752)
     BANKING - (0.9)%     
 (75,146)  Coastal Financial Corporation   (7,197,484)
 (74,937)  ConnectOne Bancorp, Inc.   (1,994,823)
         (9,192,307)
9 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
Shares     Fair Value
     COMMON STOCKS SOLD SHORT — (91.1)% (Continued)     
     BEVERAGES - (0.2)%     
 (24,314)  Monster Beverage Corporation  $(1,963,599)
           
     BIOTECH & PHARMA - (0.5)%     
 (63,131)  Ionis Pharmaceuticals, Inc.   (5,219,040)
           
     COMMERCIAL SUPPORT SERVICES - (1.7)%     
 (134,626)  Innodata, Inc.   (7,463,665)
 (144,540)  Rollins, Inc.   (9,155,164)
         (16,618,829)
     E-COMMERCE DISCRETIONARY - (0.7)%     
 (438,113)  Figs, Inc., Class A   (4,736,001)
 (76,584)  Revolve Group, Inc.   (2,117,548)
         (6,853,549)
     ELECTRIC UTILITIES - (1.3)%     
 (7,751)  Constellation Energy Corporation   (2,175,551)
 (139,840)  Oklo, Inc.   (11,134,061)
         (13,309,612)
     ELECTRICAL EQUIPMENT - (3.9)%     
 (123,822)  Bloom Energy Corporation, Class A   (18,742,936)
 (51,828)  Camtek Ltd.   (7,594,357)
 (1,445)  GE Vernova, Inc.   (1,049,605)
 (20,814)  nLight, Inc.   (949,327)
 (23,291)  Powell Industries, Inc.   (10,331,655)
         (38,667,880)
     ENGINEERING & CONSTRUCTION - (10.1)%     
 (17,489)  Comfort Systems USA, Inc.   (19,974,188)
 (170,126)  Construction Partners, Inc., Class A   (18,693,445)
 (52,355)  Dycom Industries, Inc.   (19,077,638)
 (31,746)  IES Holdings, Inc.   (12,072,686)
 (63,688)  Installed Building Products, Inc.   (18,351,060)
 (16,796)  Sterling Infrastructure, Inc.   (6,011,456)
 (11,782)  TopBuild Corporation   (5,514,565)
         (99,695,038)
10 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
Shares     Fair Value
     COMMON STOCKS SOLD SHORT — (91.1)% (Continued)     
     HEALTH CARE FACILITIES & SERVICES - (1.5)%     
 (25,162)  Medpace Holdings, Inc.  $(14,656,362)
           
     HOME & OFFICE PRODUCTS - (0.3)%     
 (31,415)  Somnigroup International, Inc.   (2,759,808)
           
     INSTITUTIONAL FINANCIAL SERVICES - (1.0)%     
 (30,699)  Coinbase Global, Inc., Class A   (5,978,324)
 (156,940)  Galaxy Digital, Inc.   (4,437,468)
         (10,415,792)
     INSURANCE - (0.3)%     
 (49,586)  Goosehead Insurance, Inc., Class A   (3,066,398)
           
     INTERNET MEDIA & SERVICES - (0.6)%     
 (630,367)  Opendoor Technologies, Inc.   (3,246,390)
 (8,502)  Reddit, Inc., Class A   (1,532,656)
 (1,939)  Spotify Technology S.A.   (970,179)
         (5,749,225)
     LEISURE FACILITIES & SERVICES - (2.0)%     
 (19,027)  Planet Fitness, Inc., Class A   (1,732,218)
 (160,834)  Red Rock Resorts, Inc., Class A   (10,153,450)
 (10,442)  Royal Caribbean Cruises Ltd.   (3,389,995)
 (48,332)  Shake Shack, Inc., Class A   (4,280,765)
         (19,556,428)
     MACHINERY - (2.9)%     
 (103,199)  CECO Environmental Corporation   (6,958,709)
 (28,874)  Kadant, Inc.   (9,269,709)
 (4,534)  Power Solutions International, Inc.   (324,906)
 (218,346)  Symbotic, Inc.   (11,871,472)
         (28,424,796)
     MEDICAL EQUIPMENT & DEVICES - (5.1)%     
 (76,155)  Establishment Labs Holdings, Inc.   (5,189,963)
 (77,406)  Guardant Health, Inc.   (8,827,380)
 (27,710)  Intuitive Surgical, Inc.   (13,971,936)
 (4,788)  Natera, Inc.   (1,106,698)
 (21,559)  Sectra A.B.   (532,921)
11 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
Shares     Fair Value
     COMMON STOCKS SOLD SHORT— (91.1)% (Continued)     
     MEDICAL EQUIPMENT & DEVICES - (5.1)% (Continued)     
 (83,942)  TransMedics Group, Inc.  $(11,246,129)
 (42,220)  West Pharmaceutical Services, Inc.   (9,757,886)
         (50,632,913)
     METALS & MINING - (0.6)%     
 (42,928)  Cameco Corporation   (5,296,886)
 (33,729)  Uranium Energy Corporation   (581,488)
         (5,878,374)
     RETAIL - DISCRETIONARY - (5.0)%     
 (22,266)  Boot Barn Holdings, Inc.   (3,974,036)
 (11,775)  Carvana Company   (4,723,070)
 (1,441)  Dillard's, Inc., Class A   (875,494)
 (90,312)  JB Hi-Fi Ltd.   (5,103,990)
 (350,938)  National Vision Holdings, Inc.   (9,247,216)
 (41,428)  Patrick Industries, Inc.   (5,226,971)
 (97,153)  Williams-Sonoma, Inc.   (19,882,361)
         (49,033,138)
     SEMICONDUCTORS - (5.4)%     
 (38,928)  Allegro MicroSystems, Inc.   (1,436,832)
 (32,214)  Analog Devices, Inc.   (10,014,688)
 (16,031)  Astera Labs, Inc.   (2,414,589)
 (49,805)  Impinj, Inc.   (6,878,071)
 (24,070)  Lattice Semiconductor Corporation   (1,938,116)
 (15,917)  Nova Ltd.   (7,287,439)
 (105,661)  NVIDIA Corporation   (20,194,988)
 (4,600)  Rambus, Inc.   (523,618)
 (8,033)  SiTime Corporation   (2,916,863)
         (53,605,204)
     SOFTWARE - (8.9)%     
 (19,782)  Cadence Design Systems, Inc.   (5,862,594)
 (92,807)  Cloudflare, Inc., Class A   (16,459,321)
 (122,954)  Coreweave, Inc., Class A   (11,458,083)
 (8,634)  Crowdstrike Holdings, Inc., Class A   (3,811,091)
 (108,643)  HUB24 Ltd.   (7,678,932)
 (90,144)  IonQ, Inc.   (3,603,957)
 (124,526)  Palantir Technologies, Inc., Class A   (18,254,266)
12 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
Shares     Fair Value
     COMMON STOCKS SOLD SHORT— (91.1)% (Continued)     
     SOFTWARE - (8.9)% (Continued)     
 (159,664)  Pro Medicus Ltd.  $(20,473,108)
         (87,601,352)
     SPECIALTY FINANCE - (2.5)%     
 (18,717)  American Express Company   (6,591,566)
 (27,601)  Credit Acceptance Corporation   (13,751,922)
 (8,993)  Dave, Inc.   (1,472,064)
 (111,101)  SoFi Technologies, Inc.   (2,534,214)
         (24,349,766)
     TECHNOLOGY HARDWARE - (11.4)%     
 (30,186)  Celestica, Inc.   (8,481,964)
 (90,326)  Credo Technology Group Holding Ltd.   (11,316,041)
 (244,433)  D-Wave Quantum, Inc.   (5,186,868)
 (38,743)  Fabrinet   (18,962,374)
 (7,986)  InterDigital, Inc.   (2,606,950)
 (53,401)  Lumentum Holdings, Inc.   (20,924,649)
 (157,885)  Rigetti Computing, Inc.   (2,868,770)
 (49,324)  Seagate Technology Holdings PLC   (20,108,901)
 (19,434)  TTM Technologies, Inc.   (1,908,419)
 (15,232)  Vicor Corporation   (2,401,629)
 (72,525)  Western Digital Corporation   (18,147,931)
         (112,914,496)
     TECHNOLOGY SERVICES - (0.6)%     
 (1,914)  Fair Isaac Corporation   (2,800,507)
 (11,402)  Figure Technology Solutions, Inc.   (648,546)
 (16,238)  Jack Henry & Associates, Inc.   (2,910,012)
         (6,359,065)
     TELECOMMUNICATIONS - (1.9)%     
 (170,684)  AST SpaceMobile, Inc.   (18,981,767)
           
     TRANSPORTATION & LOGISTICS - (1.6)%     
 (45,400)  Old Dominion Freight Line, Inc.   (7,863,280)
 (51,733)  XPO, Inc.   (7,662,175)
         (15,525,455)
     WHOLESALE - DISCRETIONARY - (0.1)%     
 (264,227)  ThredUp, Inc.   (1,342,273)
           
     TOTAL SECURITIES SOLD SHORT - (Proceeds - $864,473,943)  $(900,329,430)
13 

 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
January 31, 2026
 
A.B.  - Aktiebolag
ADR  - American Depositary Receipt
A.G.  - Aktiengesellschaft
Ltd.  - Limited Company
PLC  - Public Limited Company
S.A.  - Société Anonyme
S.E.  - Societas Europeae
   
(a) All or a portion of the security is segregated as collateral for short sales.
(b) Non-income producing security.
(c) Percentage rounds to less than 0.1%.
(d) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.  As of January 31, 2026 the total market value of 144A securities is 5,020,066 or 0.5% of net assets.
(e) Rate disclosed is the seven day effective yield as of January 31, 2026.
(f) Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

 

 

14