i

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9%      
    ADVERTISING & MARKETING - 1.7%      
183,969   Omnicom Group, Inc.(a)       $ 14,478,360
             
    APPAREL & TEXTILE PRODUCTS - 3.1%      
571,601   Canada Goose Holdings, Inc.(b)         5,104,397
598,929   PRADA SpA         3,303,759
204,289   PVH Corporation(a)         17,703,685
             

26,111,841

    AUTOMOTIVE - 0.7%      
40,033   Fox Factory Holding Corporation(b)         720,594
71,985   Gentex Corporation         1,681,570
46,028   Phinia, Inc.         3,387,200
             

5,789,364

    BANKING - 0.4%      
90,171   WesBanco, Inc.         3,731,276
             
    BIOTECH & PHARMA - 1.8%      
110,473   Hikma Pharmaceuticals PLC         2,359,834
537,314   Iovance Biotherapeutics, Inc.(b)         2,186,868
99,986   Lexaria Bioscience Corporation(b)         39,095
638,585   Viatris, Inc.(a)         11,213,552
             

15,799,349

    CABLE & SATELLITE - 4.5%      
165,536   Charter Communications, Inc., Class A(a),(b)         23,999,409
584,470   Comcast Corporation, Class A(a)         14,003,901
             

38,003,310

    CHEMICALS - 2.0%      
52,015   AdvanSix, Inc.         1,043,421
67,747   Arkema S.A.         4,602,951
51,842   Eastman Chemical Company         3,626,348
455,914   Mativ Holdings, Inc.         3,980,129
190,329   Mosaic Company (The)         4,210,078
             

17,462,927

    COMMERCIAL SUPPORT SERVICES - 5.2%      
221,604   ABM Industries, Inc.(a)         10,617,048
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9% (Continued)      
    COMMERCIAL SUPPORT SERVICES - 5.2% (Continued)      
10,181   FTI Consulting, Inc.(b)       $ 1,622,648
61,610   Huron Consulting Group, Inc.(a),(b)         9,350,550
1,813,661   Legalzoom.com, Inc.(a),(b)         14,273,511
355,419   Securitas A.B., Class B         5,711,251
19,201   Sodexo S.A.         1,264,710
203,636   TrueBlue, Inc.(b)         1,441,743
             

44,281,461

    CONSTRUCTION MATERIALS - 0.5%      
33,496   Owens Corning(a)         4,652,594
             
    CONSUMER SERVICES - 0.6%      
887,426   Coursera, Inc.(a),(b)         4,712,232
             
    CONTAINERS & PACKAGING - 2.6%      
246,875   Clearwater Paper Corporation(a),(b)         5,191,781
297,809   Sonoco Products Company(a)         16,784,515
             

21,976,296

    E-COMMERCE DISCRETIONARY - 0.9%      
354,490   Chewy, Inc., Class A(b)         8,011,474
             
    ELECTRIC UTILITIES - 1.0%      
470,818   PG&E Corporation         8,182,817
             
    ELECTRICAL EQUIPMENT - 3.0%      
42,252   Itron, Inc.(b)         4,210,834
34,956   Otis Worldwide Corporation         2,515,084
406,673   Sensata Technologies Holding PLC         18,824,894
             

25,550,812

    FOOD - 6.1%      
28,417   Associated British Foods PLC         799,276
244,824   BellRing Brands, Inc.(b)         3,033,369
159,474   Del Monte Corporation         4,737,973
630,225   Dole PLC         8,911,382
466,425   Flowers Foods, Inc.         3,274,304
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9% (Continued)      
    FOOD - 6.1% (Continued)      
204,981   Ingredion, Inc.(a)       $ 20,387,409
773,943   Nomad Foods Ltd.         9,209,922
123,434   Vital Farms, Inc.(b)         1,571,315
             

51,924,950

    HEALTH CARE FACILITIES & SERVICES - 3.9%      
913,665   Accendra Health, Inc.(b)         2,823,225
262,951   Fulgent Genetics, Inc.(b)         4,351,839
156,888   Universal Health Services, Inc., Class B(a)         26,426,215
             

33,601,279

    HOME CONSTRUCTION - 0.0%(c)      
5,508   Forestar Group, Inc.(b)         155,050
             
    HOUSEHOLD PRODUCTS - 0.5%      
157,695   Helen of Troy Ltd.(b)         4,357,113
             
    INDUSTRIAL INTERMEDIATE PROD - 0.4%      
74,922   Gibraltar Industries, Inc.(b)         3,166,204
128,491   Janus International Group, Inc.(b)         659,159
             

3,825,363

    INTERNET MEDIA & SERVICES - 5.1%      
230,842   Fiverr International Ltd.(b)         2,061,419
1,338,916   Getty Images Holdings, Inc.(b)         498,077
1,356,624   Lyft, Inc., Class A(a),(b)         21,516,056
372,674   Shutterstock, Inc.         2,012,440
1,569,060   Upwork, Inc.(a),(b)         14,372,589
101,927   Zillow Group, Inc., Class A(b)         3,535,848
             

43,996,429

    LEISURE FACILITIES & SERVICES - 1.8%      
300,765   Penn Entertainment, Inc.(a),(b)         6,174,705
280,430   Six Flags Entertainment Corporation(b)         4,859,852
27,502   Vail Resorts, Inc.         4,108,249
             

15,142,806

    MACHINERY - 0.7%      
27,610   Hurco Companies, Inc.(b)         575,392
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9% (Continued)      
    MACHINERY - 0.7% (Continued)      
66,652   Tennant Company       $ 5,600,768
             

6,176,160

    MEDICAL EQUIPMENT & DEVICES - 13.3%      
98,709   Becton Dickinson and Company(a)         16,348,185
71,687   Boston Scientific Corporation(b)         3,349,934
298,577   CONMED Corporation(a)         13,824,115
1,624,253   Dentsply Sirona, Inc.(a)         21,716,262
503,192   Enovis Corporation(a),(b)         14,668,047
314,097   GE HealthCare Technologies, Inc.(a)         21,364,878
394,636   Integra LifeSciences Holdings Corporation(b)         6,570,689
48,514   Medtronic PLC         4,142,611
120,595   Zimmer Biomet Holdings, Inc.(a)         11,327,488
             

113,312,209

    METALS & MINING - 1.6%      
264,098   Eldorado Gold Corporation         7,973,119
2,211,895   Osisko Gold Group, Inc.(b)         5,286,429
             

13,259,548

    OIL & GAS PRODUCERS - 3.5%      
105,033   Chord Energy Corporation         14,744,532
466,386   SM Energy Company         15,166,873
             

29,911,405

    OIL & GAS SERVICES & EQUIPMENT - 1.0%      
605,511   DNOW, Inc.(b)         8,549,815
             
    REAL ESTATE INVESTMENT TRUSTS - 0.2%      
8,646   AvalonBay Communities, Inc.         1,604,784
             
    RETAIL - CONSUMER STAPLES - 0.9%      
6,793   Kroger Company (The)         392,228
86,161   Sprouts Farmers Market, Inc.(b)         7,509,793
             

7,902,021

    RETAIL - DISCRETIONARY - 1.3%      
575,184   Caleres, Inc.         7,385,363
141,426   Lovesac Company (The)(b)         2,275,544
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9% (Continued)      
    RETAIL - DISCRETIONARY - 1.3% (Continued)      
83,317   Sally Beauty Holdings, Inc.(b)       $ 1,247,255
             

10,908,162

    SEMICONDUCTORS - 0.2%      
32,846   Skyworks Solutions, Inc.         2,045,649
             
    SOFTWARE - 23.1%      
560,959   8x8, Inc.(b)         1,065,822
69,735   BILL Holdings, Inc.(b)         3,147,141
5,614,060   Clarivate PLC(b)         11,115,839
156,301   Five9, Inc.(a),(b)         4,299,841
418,960   Gen Digital, Inc.(a)         11,500,452
45,869   HubSpot, Inc.(a),(b)         10,887,466
79,301   Intuit, Inc.(a)         25,064,667
21,916   Lightspeed Commerce, Inc.(b)         221,571
184,418   Monday.com Ltd.(b)         16,072,029
274,799   Octave Intelligence PLC(b)         5,012,334
236,719   Progress Software Corporation(b)         9,608,424
144,603   Salesforce, Inc.(a)         26,609,844
737,589   Sprout Social, Inc., Class A(b)         6,328,513
273,074   SPS Commerce, Inc.(a),(b)         20,040,901
52,511   SS&C Technologies Holdings, Inc.         4,045,973
312,523   TeamViewer A.G.(b),(e)         2,159,433
494,898   UiPath, Inc., Class A(a),(b)         6,314,899
90,837   Viant Technology, Inc., Class A(b)         1,069,151
75,480   Wix.com Ltd.(b)         4,153,664
180,407   Workday, Inc., Class A(a),(b)         28,926,458
             

197,644,422

    SPECIALTY FINANCE - 0.4%      
71,947   Walker & Dunlop, Inc.         3,575,046
             
    STEEL - 1.1%      
342,824   Ryerson Holding Corporation(a)         9,527,079
             
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS — 108.9% (Continued)      
    TECHNOLOGY HARDWARE - 2.0%      
84,606   Crane NXT Company       $ 4,395,281
387,880   Ingram Micro Holding Corporation(a)         10,942,095
101,890   Kornit Digital Ltd.(b)         1,550,766
             

16,888,142

    TECHNOLOGY SERVICES - 13.8%      
7,628   Adyen N.V.(b),(e)         7,715,992
918,125   Dlocal Ltd./Uruguay         13,845,325
32,767   Endava PLC - ADR(b)         97,973
137,670   EVERTEC, Inc.         4,190,675
547,763   Fidelity National Information Services, Inc.(a)         24,523,350
405,220   Fiserv, Inc.(a),(b)         21,857,567
311,856   Global Payments, Inc.(a)         26,220,853
505,059   KBR, Inc.(a)         18,490,210
12,020   MAXIMUS, Inc.         724,205
             

117,666,150

               
    TOTAL COMMON STOCKS (Cost $860,296,085)    

  930,717,695

 

 

              
        Expiration Date Exercise Price    
    WARRANT — 0.0%(c)      
    BIOTECH & PHARMA - 0.0% (c)      
320,380   Lexaria Bioscience Corporation Warrants(d) 05/12/2028 $ 0.95     39,182
    TOTAL WARRANT (Cost $3,204)        
               
    SHORT-TERM INVESTMENTS — 8.8%      
    MONEY MARKET FUNDS - 8.8%      
75,377,601   First American Government Obligations Fund, Class X, 3.58% (Cost $75,377,601)(f)         75,377,601
             
    TOTAL INVESTMENTS - 117.7% (Cost $935,676,890)     $ 1,006,134,478
    LIABILITIES IN EXCESS OF OTHER ASSETS - (17.7)%    

(151,284,745)

    NET ASSETS - 100.0%        

$ 854,849,733

           

 

 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026
 
Shares             Fair Value
    COMMON STOCKS SOLD SHORT — (82.2)%      
    AEROSPACE & DEFENSE - (2.5)%      
(1,931)   HEICO Corporation       $ (688,131)
(1,072,515)   Joby Aviation, Inc.         (7,668,482)
(164,242)   Loar Holdings, Inc.         (11,242,365)
(20,787)   Rocket Lab Corporation         (1,350,116)
             

(20,949,094)

    ASSET MANAGEMENT - (3.8)%      
(140,417)   Blackstone, Inc.         (17,938,271)
(335,730)   Blue Owl Capital, Inc.         (3,458,019)
(124,935)   Robinhood Markets, Inc., Class A         (10,814,374)
             

(32,210,664)

    AUTOMOTIVE - (3.2)%      
(1,427,575)   Aurora Innovation, Inc.         (9,207,859)
(59,367)   Tesla, Inc.         (18,475,604)
             

(27,683,463)

    BANKING - (0.1)%      
(8,239)   Esquire Financial Holdings, Inc.         (1,064,644)
             
    BEVERAGES - (0.5)%      
(40,013)   Monster Beverage Corporation         (3,856,453)
             
    BIOTECH & PHARMA - (0.8)%      
(268,684)   Elanco Animal Health, Inc.         (7,085,197)
             
    CABLE & SATELLITE - (1.4)%      
(108,664)   Space Exploration Technologies Corporation, Class A       (11,775,918)
             
    CHEMICALS - (0.2)%      
(11,783)   Hawkins, Inc.         (1,508,577)
             
    COMMERCIAL SUPPORT SERVICES - (1.4)%      
(99,162)   Casella Waste Systems, Inc., A         (8,895,823)
(52,413)   Innodata, Inc.         (3,293,109)
             

(12,188,932)

 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026

 

 

Shares

         Fair Value
 

 

 

 COMMON STOCKS SOLD SHORT — (82.2)% (Continued)      
    E-COMMERCE DISCRETIONARY - (0.1)%      
(45,838)   Figs, Inc., Class A         $ (490,467)
             
    ELECTRIC UTILITIES - (0.3)%      
(68,868)   Oklo, Inc.         (2,674,144)
             
    ELECTRICAL EQUIPMENT - (7.8)%      
(24,970)   AAON, Inc.         (2,223,828)
(24,295)   Argan, Inc.         (13,858,597)
(6,433)   Bel Fuse, Inc.         (1,435,395)
(303,603)   Forgent Power Solutions, Inc., Class A         (10,100,872)
(11,990)   GE Vernova, Inc.         (11,873,577)
(11,711)   Modine Manufacturing Company         (2,354,614)
(28,381)   nLight, Inc.         (1,952,613)
(61,930)   Powell Industries, Inc.         (12,923,553)
(42,464)   Vertiv Holdings Company, Class A         (10,258,028)
             

(66,981,077)

    ENGINEERING & CONSTRUCTION - (5.4)%      
(11,289)   Comfort Systems USA, Inc.         (19,526,469)
(16,388)   Construction Partners, Inc., Class A         (1,693,700)
(6,181)   IES Holdings, Inc.         (4,602,003)
(16,522)   Quanta Services, Inc.         (11,026,122)
(15,520)   Sterling Infrastructure, Inc.         (9,261,870)
             

(46,110,164)

    FOOD - (0.2)%      
(134)   Lotus Bakeries N.V.       (1,721,952)
             
    HEALTH CARE FACILITIES & SERVICES - (3.0)%      
(137,902)   BrightSpring Health Services, Inc.         (8,234,128)
(29,885)   Medpace Holdings, Inc.         (17,246,933)
             

(25,481,061)

    INDUSTRIAL INTERMEDIATE PROD - (0.7)%      
(7,834)   VAT Group A.G. (e)         (5,834,046)
             
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026

 

Shares

         Fair Value
   

 

COMMON STOCKS SOLD SHORT — (82.2)% (Continued)

     
    INDUSTRIAL SUPPORT SERVICES - (0.3)%      
(12,433)   VSE Corporation        $ (2,416,851)
             
    INSTITUTIONAL FINANCIAL SERVICES - (1.7)%      
(78,502)   Coinbase Global, Inc., Class A         (11,481,702)
(40,800)   Galaxy Digital, Inc., Class A         (857,208)
(25,350)   Interactive Brokers Group, Inc., Class A         (2,230,546)
             

(14,569,456)

    LEISURE PRODUCTS - (0.4)%      
(31,392)   Acushnet Holdings Corporation         (3,179,068)
             
    MACHINERY - (2.0)%      
(28,095)   Kadant, Inc.         (8,639,213)
(199,927)   Symbotic, Inc.         (8,606,857)
             

(17,246,070)

    MEDICAL EQUIPMENT & DEVICES - (1.9)%      
(89,998)   Establishment Labs Holdings, Inc.         (8,328,415)
(20,971)   Guardant Health, Inc.         (3,397,093)
(53,237)   Twist Bioscience Corporation         (4,873,847)
             

(16,599,355)

    REAL ESTATE INVESTMENT TRUSTS - (2.8)%      
(36,156)   Agree Realty Corporation       (2,812,937)
(2,669)   Equinix, Inc.         (2,720,458)
(86,127)   Iron Mountain, Inc.         (10,535,055)
(73,274)   Macerich Company (The)         (1,893,400)
(55,975)   Omega Healthcare Investors, Inc.       (2,834,014)
(12,233)   Simon Property Group, Inc.         (2,805,883)
             

(23,601,747)

    RETAIL - DISCRETIONARY - (0.5)%      
(12,018)   Freshpet, Inc.         (715,552)
(15,978)   Williams-Sonoma, Inc.         (3,653,529)
             

(4,369,081)

    SEMICONDUCTORS - (12.3)%      
(29,964)   Advanced Micro Devices, Inc.         (14,267,359)
(42,746)   Aehr Test Systems         (3,418,825)
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026

 

Shares

           Fair Value
   

 

COMMON STOCKS SOLD SHORT — (82.2)% (Continued)

       
    SEMICONDUCTORS - (12.3%) (Continued)        
(88,396)   Allegro MicroSystems, Inc.        $ (3,668,434)
(60,153)   ARM Holdings PLC - ADR         (14,418,072)
(44,064)   Astera Labs, Inc.         (13,714,039)
(24,099)   Lattice Semiconductor Corporation         (2,994,783)
(3,056)   MACOM Technology Solutions Holdings, Inc.         (768,401)
(25,294)   MaxLinear, Inc., Class A         (1,690,145)
(5,607)   Nova Ltd.         (2,191,608)
(93,744)   NVIDIA Corporation         (18,819,108)
(14,823)   Power Integrations, Inc.         (899,905)
(1,490)   SiTime Corporation         (797,448)
(112,778)   Technoprobe SpA         (3,603,588)
(15,051)   Teradyne, Inc.         (5,534,102)
(66,491)   Texas Instruments, Inc.         (18,334,228)
             

(105,120,045)

    SOFTWARE - (11.7)%      
(5,484)   Cadence Design Systems, Inc.         (1,864,670)
(20,982)   Cloudflare, Inc., Class A         (5,853,558)
(17,175)   CoreWeave, Inc., Class A         (1,232,650)
(99,659)   Crowdstrike Holdings, Inc., Class A         (19,020,917)
(73,255)   Fortinet, Inc.         (11,863,647)
(111,173)   IonQ, Inc.         (4,051,144)
(40,061)   Palantir Technologies, Inc., Class A         (4,929,907)
(56,989)   Palo Alto Networks, Inc.         (18,910,660)
(131,628)   Pro Medicus Ltd.         (15,035,123)
(58,673)   Snowflake, Inc., Class A       (17,207,617)
             

(99,969,893)

    STEEL - (0.8)%      
(13,111)   Carpenter Technology Corporation         (6,813,262)
             
    TECHNOLOGY HARDWARE - (12.4)%      
(53,440)   Arista Networks, Inc.         (9,637,904)
(23,293)   Benchmark Electronics, Inc.         (1,858,083)
(34,454)   Ciena Corporation         (12,990,881)
(62,181)   Credo Technology Group Holding Ltd.         (12,870,845)
 
 

 

INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026

 

 Shares

           Fair Value
   

 

COMMON STOCKS SOLD SHORT — (82.2)% (Continued)

       
    TECHNOLOGY HARDWARE - (12.4)% (Continued)        
(214,652)   D-Wave Quantum, Inc.       $   (3,880,908)
(19,952)   Flex Ltd.         (2,269,540)
(5,978)   Jabil, Inc.         (1,883,369)
(20,566)   Lumentum Holdings, Inc.         (14,682,890)
(259,529)   Rigetti Computing, Inc.         (3,879,958)
(16,971)   Seagate Technology Holdings PLC         (14,529,382)
(59,019)   TTM Technologies, Inc.         (6,813,153)
(31,710)   Vicor Corporation         (6,575,703)
(26,584)   Western Digital Corporation         (14,484,027)
             

(106,356,643)

    TECHNOLOGY SERVICES - (0.1)%      
(10,580)   Hut 8 Corporation         (1,138,725)
             
    TRANSPORTATION & LOGISTICS - (3.9)%      
(81,650)   Old Dominion Freight Line, Inc.         (17,321,231)
(19,624)   Saia, Inc.         (6,821,891)
(46,678)   XPO, Inc.         (9,380,878)
             

(33,524,000)

   

 

EXCHANGE-TRADED FUNDS SOLD SHORT — (7.4)%

      
    EQUITY - (7.4)%      
(27,477)   Invesco QQQ Trust Series 1 ETF                             (18,903,901)
(202,128)   iShares Expanded Tech-Software Sector ETF         (19,117,266)
(12,958)   iShares Semiconductor ETF       (6,542,365)
(25,271)   State Street SPDR S&P 500 ETF Trust         (18,878,195)
             

(63,441,727)

               
    TOTAL SECURITIES SOLD SHORT - (Proceeds - $811,292,729)    

$ (765,961,776)

 

  

 
 

 
INVENOMIC FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
July 31, 2026

 

 

 

A.B.      - Aktiebolag
ADR  - American Depositary Receipt
A.G.       - Aktiengesellschaft
ETF  - Exchange-Traded Fund
Ltd.  - Limited Company
N.V.  - Naamioze Vennootschap
PLC  - Public Limited Company
S.A.  - Société Anonyme
SPDR  - Standard & Poor's Depositary Receipt
SpA  - Società per Azioni
   
(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) The fair value of this security has been determined in good faith pursuant to valuation policies established by the Board of Trustees.
(e) 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 July 31, 2026, the total market value of 144A securities is 4,041,378 or 0.5% of net assets.
(f) Rate disclosed is the seven day effective yield as of July 31, 2026.