| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES - OTHER | 159,612 | 0 | 155,846 | |
| ACCOUNTING FEES - INVESTMENT | 110,113 | 110,113 | 0 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
COAST CONSERVATION ENDOWMENT FUND FOUNDATION |
475 WEST GEORGIA STREET SUITE 750 VANCOUVER,BRITISH COLUMBIAV6B 0223 CA |
2020-06-17 | 1,452,413 | GRANT ID: 6812 - UPLIFTING INDIGENOUS PEOPLES' CONSERVATION FINANCE IN THE GREAT BEAR RAINFOREST. THE PURPOSE OF THE PROJECT IS TO SUPPORT STEWARDSHIP AND CONSERVATION EFFORTS LED BY FIRST NATIONS WITH THE INTENT TO PROMOTE THE SOCIAL, CULTRUAL AND ECONOMIC WELL-BEING OF THE COMMUNITIES, THE GREAT BEAR RAINFOREST, AND HAIDA GWALI. | 1,452,413 | NO KNOWN DIVERSION OF FUNDS. | 10/31/2023; 4/17/2023; 6/1/2022; 2/24/2021 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. UNSPENT GRANT FUNDS AT THE END OF THE GRANT TERM WERE RETURNED TO THE FOUNDATION. | |
|
EMPIRE HEALTH FOUNDATION |
PO BOX 244 SPOKANE,WA99210 |
2020-03-05 | 4,000,000 | GRANT ID: 6974 - IMPROVING QUALITY OF LIFE FOR OLDER ADULTS AND ELDERS. THE PURPOSE OF THE PROJECT IS TO IMPROVE THE QUALITY OF LIFE FOR OLDER ADULTS, WITH A FOCUS ON AMERICAN INDIAN/ALASKA NATIVE AND HISPANIC/LATINX ELDERS IN RURAL EASTERN WASHINGTON BY PROMOTING HEALTHY, ACTIVE AGING THROUGH COMMUNITY LED CARE COORDINATION AND COMPREHENSIVE MEDICATION MANAGEMENT. | 4,000,000 | NO KNOWN DIVERSION OF FUNDS. | 3/8/2024; 3/1/2023; 2/26/2022; 2/25/2021 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
CAMP FIRE |
1801 MAIN STREET SUITE 200 KANSAS CITY,MO64108 |
2021-11-22 | 2,050,000 | GRANT ID: 8646 - CAMP ACCESSIBILITY, MEANINGFUL PARTICIPATION, AND EQUAL REPRESENTATION (CAMPER). THIS PROJECT WILL CONTINUE THE WORK OF PREVIOUS CAMPER PROJECTS AND WILL EXPAND ON THAT WORK BY ADDING NINE COUNCILS COMMITTED TO ENSURING THAT ALL YOUTH PARTICIPATING IN OVERNIGHT CAMP PROGRAMS HOSTED BY CAMP FIRE FEEL WELCOME, EMOTIONALLY AFFIRMED, AND PHYSICALLY COMFORTABLE, ESPECIALLY THOSE WHO HAVE BEEN HISTORICALLY EXCLUDED FROM QUALITY YOUTH DEVELOPMENT EXPERIENCES IN THE OUTDOORS. SEE STATEMENT 23 FOR SUPPLEMENTAL REPORTING ON USE OF FUNDS BY SUB-GRANTEES. | 1,775,819 | NO KNOWN DIVERSION OF FUNDS. | 9/26/2024; 9/29/2023; 10/10/2022 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
KENYA VULTURE CONSERVATION LLC |
4245 N FAIRFAX DRIVE SUITE 100 ARLINGTON,VA22203 |
2020-11-23 | 5,000,000 | A BELOW MARKET INVESTMENT WAS MADE TO PROVIDE ADDITIONAL CAPITAL TOWARD THE COMPLETION OF A RENEWAL ENERGY WIND FARM IN KENYA. THE CAPITAL WAS TO SUPPORT ADDITIONAL FINANCING FOR THE PROJECT. IN ADDITION TO AGREEING TO THE LOAN REPAYMENT TERMS, THE LOAN RECIPIENT AGREED TO COMMIT ANNUAL FUNDING TOWARD CONSERVATION EFFORTS IN THE AREA TO ENSURE THAT THE VULNERABLE BIRD POPULATIONS ARE NOT UNDULY HARMED BY THE WIND FARM'S OPERATIONS. | 5,000,000 | NO KNOWN DIVERSION OF FUNDS. | 3/26/2024; 3/30/2023; 3/31/2022; 3/31/2021 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
CENTRE FOR CATALYZING CHANGE |
C-27 2ND FLOOR QUTAB INSTITUTIONAL AREA DEHLI IN |
2021-12-03 | 1,500,000 | GRANT ID: 8674 - WOMEN-CENTERED REPRODUCTIVE AND MATERNAL HEALTH IN INDIA. THE PURPOSE OF THIS PROJECT IS TO IMPROVE WOMEN'S AGENCY AND AMPLIFY VOICES TO MEET THEIR REPRODUCTIVE AND MATERNAL HEALTH GOALS THROUGH INTEGRATED INTERVENTIONS FOCUSED ON ENGAGING WOMEN AND COMMUNITIES TO DEMAND AND UTILIZE GENDER-RESPONSIVE AND QUALITY REPRODUCTIVE, MATERNAL, NEW BORN AND CHILD HEALTH (RMNCH) SERVICES, STRENGTHENING HEALTH SERVICE DELIVERY TO DELIVER BETTER QUALITY, RESPECTFUL, AND EQUITABLE SERVICES, AND CAPACITY BUILDING OF COMMUNITY PLATFORMS TO PROMOTE BETTER ACCOUNTABILITY. | 923,760 | NO KNOWN DIVERSION OF FUNDS. | 6/27/2024; 7/24/2023; 8/23/2022 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
COMMUNITY REINVESTMENT FUND INC |
801 NICOLLET MALL STE 1700 W MINNEAPOLIS,MN55402 |
2021-12-17 | 1,000,000 | GRANT ID: 8876 - SUPPORT FOR THE MINNESOTA INCLUSIVE GROWTH FUND LOAN LOSS RESERVE. THE PURPOSE OF THIS GRANT IS TO FUND A PORTION OF THE MINNESOTA INCLUSIVE GROWTH FUND'S LOAN LOSS RESERVE TO INCREASE PARTICIPATING CDFI'S ABILITY TO LEND TO MINNESOTA SMALL BUSINESSES LOCATED IN AND SERVING ECONOMICALLY DISADVANTAGED COMMUNITIES THAT ARE ALSO LED BY OR SERVING BLACK, INDIGENOUS, AND PERSONS OF COLOR, THAT HAVE BEEN ADVERSELY AFFECTED BY THE PANDEMIC. | 10,824 | NO KNOWN DIVERSION OF FUNDS. | 8/29/2024; 9/1/2023; 8/31/2022 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
MINNESOTA INCLUSIVE GROWTH FUND |
801 NICOLLET MALL STE 1700 W MINNEAPOLIS,MN55402 |
2021-12-22 | 4,000,000 | A BELOW MARKET LOAN WAS MADE TO A MINNESOTA-BASED COMMUNITY DEVELOPMENT FINANCIAL INTERMEDIARY TO PROVIDE FLEXIBLE, LOW INTEREST LOANS TO A GROUP OF MINNESOTA-BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO SUPPORT THEIR LENDING TO SMALL BUSINESSES ADVERSELY IMPACTED BY THE PANDEMIC, INCLUDING A FOCUS ON SMALL BUSINESSES SERVING RURAL AND/OR BIPOC COMMUNITIES. | 1,044,319 | NO KNOWN DIVERSION OF FUNDS. | 3/22/2024; 9/13/2023; 8/23/2022 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
THE CIRI FOUNDATION |
3600 SAN JERONIMO DRIVE SUITE 256 ANCHORAGE,AK99508 |
2022-06-29 | 1,400,000 | GRANT ID: 6667 - THE PURPOSE OF THIS PROJECT IS TO UPLIFT AND SUPPORT ALASKA NATIVE ARTS AND CULTURE ACTIVITIES THROUGH ENGAGED ARTS PROGRAMMING, DOCUMENTATION AND CONNECTIONS. THE CORE OF THE WORK INCLUDES (1) GRANT FUNDED PROJECTS TO SUPPORT INTERGENERATIONAL LEARNING OPPORTUNITIES THROUGH ARTIST WORKSHOPS, RESIDENCIES AND MENTOR/APPRENTICE PROGRAMS, AND (2) FUNDING FOR THE ALASKA NATIVE MUSEUM SOVEREIGNTY INITIATIVE WHICH IS FOCUSED ON BUILDING CONNECTIONS TO MUSEUM COLLECTIONS AND PROVIDING OPPORTUNITIES TO ENGAGE ALASKA NATIVE PEOPLE IN MUSEUM WORK. | 750,006 | NO KNOWN DIVERSION OF FUNDS. | 2/28/2024; 2/28/2023 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
THE CIRI FOUNDATION |
3600 SAN JERONIMO DRIVE SUITE 256 ANCHORAGE,AK99508 |
2022-07-07 | 235,000 | GRANT ID: 6796 - THE PURPOSE OF THIS PROJECT IS TO INCREASE THE EFFECTIVENESS OF THE JOURNEY TO WHAT MATTERS PROGRAM TO BETTER RESPOND TO AND UNDERSTAND ALASKA'S INDIGENOUS ARTS ECOSYSTEM. THE PROGRAM SUPPORTS THE CONTINUATION OF ALASKA NATIVE ARTS PRACTICES THROUGH INTERGENERATIONAL KNOWLEDGE SHARING, THE DEVELOPMENT OF ALASKA NATIVE ARTS LEADERS, AND DOCUMENTATION OF ALASKA NATIVE ARTS. THIS PROJECT IS ALSO FOCUSED ON WORK TO HELP INCREASE THE EFFECTIVENESS OF THE PROGRAM AND DEVELOP STRATEGIES FOR GREATER VISIBILITY AROUND THE GRANTEE'S COLLECTIVE WORK. | 198,256 | NO KNOWN DIVERSION OF FUNDS. | 2/29/2024; 2/28/2023 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
ASSOCIATION FOR ANIMAL WELFARE ADVANCEMENT |
15508 W BELL ROAD SURPRISE,AZ85374 |
2022-10-14 | 500,000 | GRANT ID: 9163 - THE PURPOSE OF THIS PROJECT IS TO FOSTER AND SUPPORT ORGANIZATIONAL CULTURE CHANGE FOR THE ANIMAL WELFARE PROFESSION TO IMPROVE COMMUNITY ENGAGEMENT, SHELTER SERVICES, AND ANIMAL OUTCOMES. THROUGH THIS PROJECT, THE ASSOCIATION WILL BUILD A LIBRARY OF RESOURCES AND PROVIDE INTERACTIVE, CUSTOMIZED TRAININGS FOR ANIMAL WELFARE ORGANIZATIONS THAT HELP REDUCE BARRIERS TO INCREASING AND SUSTAINING DIVERSITY IN THEIR WORKFORCES, REDUCE EXCLUSIONARY AND DISCRIMINATORY BEHAVIORS, AND BETTER UNDERSTAND AND ENGAGE WITH THEIR COMMUNITIES TO PROVIDE MORE INCLUSIVE AND RELEVANT SERVICES. | 280,211 | NO KNOWN DIVERSION OF FUNDS. | 5/13/2024; 2/27/2023 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
CHARLES K BLANDIN FOUNDATION |
100 NORTH POKEGAMA AVENUE GRAND RAPIDS,MN55744 |
2022-09-22 | 1,500,000 | GRANT ID: 9521 - THE PURPOSE OF THIS PROJECT IS TO BUILD THE LEADERSHIP OF TRIBAL AND RURAL MINNESOTA COMMUNITIES WITH LESS THAN 3,000 PEOPLE AND TO SUPPORT THEIR INITIATIVES IN ARTS & CULTURE, COMMUNITY ENGAGEMENT, AND OTHER HIGH-NEED INITIATIVES AS DEFINED BY THE COMMUNITIES. THE FOCUS OF THE FUNDING IS TO SUPPORT OPPORTUNITIES IDENTIFIED BY THE GRANTEE THROUGH THEIR RURAL BOOST GRANT PROGRAM. | 1,500,000 | NO KNOWN DIVERSION OF FUNDS. | 2/15/2024; 2/15/2023 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
JUNEAU ECONOMIC DEVELOPMENT COUNCIL |
612 W WILLOUGHBY AVENUE SUITE A JUNEAU,AK99801 |
2022-10-27 | 2,500,000 | GRANT ID: 9501 - THE PURPOSE OF THE PROJECT IS TO SUPPORT A COALITION OF ELDERCARE PROVIDERS ACROSS SOUTHEAST ALASKA WHO HAVE JOINED TOGETHER TO PROBLEM SOLVE MUTUAL ISSUES, SHARE PROGRAM INFORMATION AND BE A COLLABORATIVE CATALYST FOR CHANGE IN THE REALM OF ELDERCARE SERVICES TO SUPPORT OLDER ADULTS IN MAINTAINING THEIR INDEPENDENCE AT HOME FOR AS LONG AS POSSIBLE. THE KEY COMPONENTS OF THE WORK INCLUDE SUPPORT FOR STAFF AND NETWORKS NEEDED TO PROVIDE SUSTAINABLE, QUALITY CARE FOR SENIORS IN SOUTHEAST ALASKA. | 315,222 | NO KNOWN DIVERSION OF FUNDS. | 8/29/2024; 9/28/2023 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
EMPIRE HEALTH FOUNDATION |
PO BOX 244 SPOKANE,WA99210 |
2023-03-08 | 1,500,000 | GRANT ID: 7988 THE PURPOSE OF THIS PROJECT IS TO INITIATE WORK INTENDED TO ADVANCE THE EMPIRE HEALTH FOUNDATION EQUITY HEALING FRAMEWORK. THIS FRAMEWORK IS BUILT OFF OF A HOLISTIC UNDERSTANDING THAT TRUE HEALTH COMES FROM THE CULTURAL STRENGTHS OF THE COMMUNITIES AND FAMILIES SERVED. THE PROJECT WILL ENGAGE THE COMMUNITY(S) AND FAMILIES IN IDENTIFYING ACTIONS THAT MAKE A DIFFERENCE IN BRINGING WHOLENESS AND HEALTH TO FAMILIES AND COMMUNITIES, IDENTIFYING NATURAL COMMUNITY SUPPORTS AND RESOURCES, WALKING ALONG SIDE THE FAMILIES AND COMMUNITIES AS THEY BUILD SYSTEMS OF CARE, OPERATIONALIZING THOSE SYSTEM DESIGNS, AND DEVELOPING SUSTAINABILITY TO THE SYSTEMS. | 271,115 | NO KNOWN DIVERSION OF FUNDS. | 2/28/2024 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
COAST CONSERVATION ENDOWMENT FUND FOUNDATION |
475 WEST GEORGIA STREET SUITE 750 VANCOUVER,BRITISH COLUMBIAV6B 0223 CA |
2023-07-24 | 1,500,000 | GRANT ID: 9680 THE PURPOSE OF THE PROJECT IS STRENGTHENING INDIGENOUS STEWARDSHIP AND SELF-DETERMINATION IN THE GREAT BEAR RAINFOREST AND HAIDA GWAII BY PROVIDING SUPPORT FOR (1) MAINTAINING THE SUSTAINED IMPACT OF THE GRANTEE'S WORK IN THE REGION, (2) BUILDING FIRST NATIONS STEWARDSHIP OF TERRESTRIAL AND MARINE ECOSYSTEMS, CULTURE, AND PROTECTED AREAS IN A NUMBER OF WAYS, INCLUDING ENHANCING COMMUNITY ECONOMIC RESILIENCE, AND (3) FACILITATING KNOWLEDGE SHARING. | 150,052 | NO KNOWN DIVERSION OF FUNDS. | 3/6/2024 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. | |
|
LEWIS PRIZE FOUNDATION |
4000 PONCE DE LEON BLVD CORAL GABLES,FL33146 |
2023-09-20 | 1,050,000 | GRANT ID: 9699 THE PURPOSE OF THIS PROJECT IS TO SUPPORT CREATIVE YOUTH DEVELOPMENT MUSIC ORGANIZATIONS BY PROVIDING SUPPORT FOR MULTI-YEAR INVESTMENTS TO THESE ORGANIZATIONS THAT EXEMPLIFY THE PURSUIT OF EQUITABLE SYSTEMS CHANGE THROUGH THE DEVELOPMENT OF MUSICAL TALENT, PERSONAL AGENCY, AND COLLECTIVE VOICE AMONG YOUNG PEOPLE MOST SUBSTANTIALLY IMPACTED BY INEQUITABLE SYSTEMS. | 5,833 | NO KNOWN DIVERSION OF FUNDS. | 3/1/2024 | REVIEW OF REPORT(S) DID NOT RESULT IN REASON TO DOUBT ACCURACY OR RELIABILITY. |
| Identifier | Return Reference | Explanation |
|---|---|---|
| ANALYSIS OF REVENUE AND EXPENSES | FORM 990PF, PAGE 1, PART I | MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION SHARE OPERATIONS IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. FOR CLARITY, THE REVENUE AND EXPENSES REPORTED IN PART I ARE THE REVENUE AND EXPENSES OF THE REPORTING ENTITY ONLY, MARGARET A. CARGILL FOUNDATION. OTHER SECTIONS OF THE FORM 990-PF, INCLUDING COMPENSATION AND TIME DISCLOSURES, INCLUDE AMOUNTS FOR MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION, AS REQUIRED. THE AMOUNT TRANSFERRED FROM ANNE RAY FOUNDATION TO MARGARET A. CARGILL FOUNDATION FOR THE SHARED COSTS IS REPORTED AT STATEMENT 15. |
| CONTINUATION OF STATEMENT 20 | FORM 990PF, PART VI-B, LINE 5D | IN ADDITION TO THE EXPENDITURE RESPONSIBILITY INFORMATION PROVIDED IN CONTINUATION STATEMENT 20, THE FOLLOWING ADDITIONAL INFORMATION IS PROVIDED REGARDING CERTAIN EXPENDITURE RESPONSIBILITY GRANTS:CAMP FIRE. - GRANT ID: 8646AMOUNT OF GRANT RE-GRANTED: $447,060AMOUNT OF RE-GRANT SPENT: $447,060 |
| FORM 990-PF, PART VII, LINE 1 AND LINE 2 | PART VII, LINE 1 AND LINE 2; LIST OF OFFICERS, DIRECTORS, TRUSTEES AND FOUNDATION MANAGERS AND HIGHEST-PAID EMPLOYEES:EMPLOYEE COMPENSATION AND TIME REPORTED ON PART VIII LINE 1 AND LINE 2 IS FOR SERVICES PERFORMED FOR THE FILING ORGANIZATION (MACF) AND ANNE RAY FOUNDATION (ARF). EACH OF THE REPORTED INDIVIDUALS ARE EMPLOYED BY MACF AND PROVIDE SERVICES TO BOTH MACF AND ARF, A RELATED ENTITY, UNDER A SHARED SERVICES AGREEMENT. COMPENSATION REPORTED TO PAUL BUSCH INCLUDES AMOUNTS PAID FOR SERVICES PROVIDED WHILE SERVING AS PRESIDENT & CEO FROM 1/1 THROUGH 3/31 AND PRESIDENT & CEO EMERITUS FROM 4/1 THROUGH 8/31. COMPENSATION ALSO INCLUDES AMOUNTS PAID FOR SERVICES PROVIDED AS A MACF BOARD DIRECTOR FROM 9/1 THROUGH 12/31. HOURS REPORTED REFLECT THE PRO-RATED AVERAGE HOURS BY ROLES SERVED IN 2023.COLUMN (C) ("COMPENSATION) IS THE AMOUNT REPORTED AS TAXABLE COMPENSATION IN THE CURRENT YEAR, WHICH INCLUDES THE AMOUNT OF DEFERRED COMPENSATION THAT VESTED IN THE CURRENT YEAR. THIS COMPENSATION WOULD HAVE BEEN REPORTED AS DEFERRED COMPENSATION ON A PRIOR FORM 990-PF, RESULTING IN DOUBLE COUNTING OVER TIME. AMOUNTS REPORTED AS DEFERRED IN A PRIOR YEAR THAT ARE REQUIRED TO BE COUNTED AGAIN AS COMPENSATION IN THE CURRENT YEAR ARE:PAUL BUSCH: $93,995HEATHER KUKLA: $32,765NAOMI HORSAGER: $33,016SHAWN WISCHMEIER: $161,901MICHAEL RUETZ: $64,842RODNEY OVERCASH: $39,714MATTHEW MINNIS: $48,502TRICIA SCRIVNER: $45,907CHRISTOPHER VOGT: $44,394AMOUNTS REPORTED IN COLUMNS (D) ("CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION") ARE EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO QUALIFIED AND NON-QUALIFIED DEFERRED COMPENSATION PLANS. AMOUNTS REPORTED IN COLUMN (E) ("EXPENSE ACCOUNT, OTHER ALLOWANCES") ARE NON-TAXABLE EMPLOYEE BENEFITS, SUCH AS THE EMPLOYER-PROVIDED PORTION OF HEALTH INSURANCE. | |
| FORM 990PF, PART VI-B, LINE 1A(2) AND LINE 1A(4) | FORM 990PF, PART VI-B, LINE 1A(2)MARGARET A. CARGILL FOUNDATION HELD DEPOSITS FROM CERTAIN DISQUALIFIED PERSONS. NO INTEREST IS PAID ON THESE DEPOSITS.FORM 990PF, PART VI-B, LINE 1A(4)MARGARET A. CARGILL FOUNDATION AND ANNE RAY FOUNDATION SHARE OPERATIONS IN PURSUIT OF THEIR SHARED VISION IN ORDER TO MAXIMIZE ASSETS AVAILABLE FOR CHARITABLE GRANTMAKING. AS PART OF THE SHARED OPERATIONS, ALL STAFF LISTED IN PART VII ARE EMPLOYEES OF MARGARET A. CARGILL FOUNDATION. MARGARET A. CARGILL FOUNDATION PAYS DISQUALIFIED PERSONS, INCLUDING BOARD MEMBERS, OFFICERS, AND FOUNDATION MANAGERS, REASONABLE COMPENSATION FOR SERVICES PROVIDED TO IT.MARGARET A. CARGILL FOUNDATION OBTAINS AN INDEPENDENT COMPENSATION CONSULTANT'S REPORT THAT DOCUMENTS THE REASONABLENESS OF COMPENSATION TO BE PAID TO FOUNDATION MANAGERS, DIRECTORS, COMMITTEE MEMBERS AND CERTAIN OTHER EXECUTIVES. THE REPORT IS BASED ON PUBLISHED SURVEY DATA AS WELL AS FORM 990 DATA FOR COMPARABLE ORGANIZATIONS. THE REPORT IS PROVIDED TO THE FOUNDATION'S INDEPENDENT COMPENSATION COMMITTEE AND BOARD OF DIRECTORS. THE COMMITTEE AND BOARD REVIEW AND DISCUSS THE REPORT, INCLUDING THE DETERMINATION THAT COMPENSATION IS REASONABLE, BEFORE APPROVING COMPENSATION. | |
| FORM 990-PF, PART VI-A, LINE 11 | NAME OF CONTROLLED ENTITY: ANNE RAY FOUNDATIONEIN: 47-1036008ADDRESS: 6889 ROWLAND ROAD EDEN PRAIRIE, MN 55344ANNE RAY FOUNDATION IS NOT AN EXCESS BUSINESS HOLDING OF MARGARET A. CARGILL FOUNDATION. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CMO MELLON RESDNTL FDG CORP | 4,278 | 4,278 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 10X GENOMICS INC CL A CL A | 1,903 | 1,903 |
| 1ST INDL RLTY TR INC | 1,738 | 1,738 |
| 3M CO COM | 41,760 | 41,760 |
| 5TH 3RD BANCORP COM | 24,040 | 24,040 |
| A2A SPA | 212,542 | 212,542 |
| ABBOTT LAB COM | 101,264 | 101,264 |
| ABBVIE INC | 161,789 | 161,789 |
| ACADIA HEALTHCARE CO INC | 4,666 | 4,666 |
| ACCENTURE PLC CLS A | 119,660 | 119,660 |
| ACUITY BRANDS INC | 5,735 | 5,735 |
| ADAIRS LIMITED | 48,044 | 48,044 |
| ADENTRA INC | 89,708 | 89,708 |
| ADOBE INC | 160,485 | 160,485 |
| ADVANCE AUTO PTS INC | 2,624 | 2,624 |
| ADVANCED DRAIN SYS INC | 2,953 | 2,953 |
| ADVANCED MICRO DEVICES INC | 138,123 | 138,123 |
| AECOM | 12,016 | 12,016 |
| AES CORP | 3,330 | 3,330 |
| AEW UK REIT PLC ORD | 98,369 | 98,369 |
| AFFILIATED MANAGERS GROUP INC | 7,268 | 7,268 |
| AFFIRM HLDGS INC | 6,536 | 6,536 |
| AFLAC INC | 25,740 | 25,740 |
| AGCO CORP | 6,678 | 6,678 |
| AGILENT TECHNOLOGIES INC | 21,828 | 21,828 |
| AGILON HEALTH INC | 2,748 | 2,748 |
| AGNC INVT CORP | 4,140 | 4,140 |
| AICHI TOKEI DENKI | 94,811 | 94,811 |
| AIPHONE CO | 115,123 | 115,123 |
| AIR PROD & CHEM INC | 35,594 | 35,594 |
| AIRBNB INC CL A COM | 25,867 | 25,867 |
| AIRTEL AFRICA PLC ORD | 287,642 | 287,642 |
| AISAN INDUSTRY CO | 109,368 | 109,368 |
| AKAMAI TECHNOLOGIES INC | 13,729 | 13,729 |
| ALASKA AIR GROUP INC | 3,868 | 3,868 |
| ALBEMARLE CORP | 9,680 | 9,680 |
| ALBERTSONS COS INC | 10,235 | 10,235 |
| ALEXANDRIA REAL ESTATE EQUITIES INC | 17,748 | 17,748 |
| ALIGN TECHNOLOGY INC | 12,056 | 12,056 |
| ALLEGION PLC | 5,701 | 5,701 |
| ALLEGRO MICROSYSTEMS INC | 3,421 | 3,421 |
| ALLIANT ENERGY CORP | 14,313 | 14,313 |
| ALLISON TRANSMISSION HOLDING | 10,932 | 10,932 |
| ALLSTATE CORP | 33,035 | 33,035 |
| ALLY FINL INC | 8,905 | 8,905 |
| ALNYLAM PHARMACEUTICALS INC | 12,633 | 12,633 |
| ALPHABET INC CL C | 422,649 | 422,649 |
| ALPHABET INC CL A | 3,402,429 | 3,402,429 |
| ALPS LOGISTICS | 140,204 | 140,204 |
| AMAZON COM INC | 813,487 | 813,487 |
| AMDOCS ORD | 2,549 | 2,549 |
| AMER ELEC PWR CO INC | 12,427 | 12,427 |
| AMER FINL GROUP INC | 7,133 | 7,133 |
| AMEREN CORP | 289 | 289 |
| AMERICAN AIRLINES INC | 7,516 | 7,516 |
| AMERICAN EXPRESS CO | 65,382 | 65,382 |
| AMERICAN INTERNATIONAL GROUP INC | 34,214 | 34,214 |
| AMERICAN TOWER CORP | 47,062 | 47,062 |
| AMERICAN WTR WKS CO | 10,691 | 10,691 |
| AMERICOLD RLTY TR INC | 10,413 | 10,413 |
| AMERIPRISE FINL INC | 19,371 | 19,371 |
| AMETEK INC | 23,085 | 23,085 |
| AMGEN INC | 92,742 | 92,742 |
| AMPHENOL CORP NEW CL A | 33,803 | 33,803 |
| ANALOG DEVICES INC | 57,582 | 57,582 |
| ANDRITZ AG | 168,216 | 168,216 |
| ANNALY CAPITAL MANAGEMENT INC | 5,714 | 5,714 |
| ANSYS INC | 4,355 | 4,355 |
| ANTERO MIDSTREAM CORPORATION | 14,547 | 14,547 |
| ANTERO RES CORP | 15,967 | 15,967 |
| AON PLC | 866,949 | 866,949 |
| APA CORP | 19,806 | 19,806 |
| APELLIS PHARMACEUTICALS INC | 2,574 | 2,574 |
| APOLLO GLOBAL MANAGEMENT INC | 28,330 | 28,330 |
| APPLE INC | 1,697,344 | 1,697,344 |
| APPLIED MATERIALS INC | 79,090 | 79,090 |
| APPLOVIN CORP COM CL A COM CL A | 3,507 | 3,507 |
| APTIV PLC COM | 15,611 | 15,611 |
| ARAMARK COM | 7,081 | 7,081 |
| ARATA CORPORATION | 127,947 | 127,947 |
| ARCH CAPITAL GROUP COM | 9,358 | 9,358 |
| ARCHER-DANIELS-MIDLAND CO | 11,700 | 11,700 |
| ARCS COMPANY LTD | 61,173 | 61,173 |
| ARES MANAGEMENT LP | 14,389 | 14,389 |
| ARISTA NETWORKS INC | 34,384 | 34,384 |
| ARMSTRONG WORLD INDS INC | 5,899 | 5,899 |
| ARROW ELECTR INC | 5,379 | 5,379 |
| ARTIS REAL ESTATE TRUST | 52,292 | 52,292 |
| ASHLAND INC | 2,529 | 2,529 |
| ASIA PILE HLDG CO | 208,437 | 208,437 |
| ASPEN TECHNOLOGY INC | 9,466 | 9,466 |
| ASR NEDERLAND | 273,578 | 273,578 |
| ASSURANT INC | 11,457 | 11,457 |
| ASSURED GUARANTY LTD | 9,429 | 9,429 |
| AT&T INC | 81,517 | 81,517 |
| ATLASSIAN CORP CL A | 19,980 | 19,980 |
| ATRESMEDIA CORP | 38,113 | 38,113 |
| ATRIA PLC SER'A' | 85,504 | 85,504 |
| AUTODESK INC | 28,000 | 28,000 |
| AUTOMATIC DATA PROCESSING INC | 60,805 | 60,805 |
| AUTONATION INC | 6,458 | 6,458 |
| AUTOZONE INC | 1,866,810 | 1,866,810 |
| AVALONBAY CMNTYS REIT | 8,987 | 8,987 |
| AVANGRID INC | 3,824 | 3,824 |
| AVANTOR INC | 10,547 | 10,547 |
| AVERY DENNISON CORP | 11,119 | 11,119 |
| AVIS BUDGET GROUP INC | 2,836 | 2,836 |
| AVJENNINGS LIMITED | 48,990 | 48,990 |
| AVNET INC | 5,342 | 5,342 |
| AXALTA COATING SYSTEMS LTD | 8,560 | 8,560 |
| AXON ENTERPRISE INC | 10,333 | 10,333 |
| AZENTA INC | 6,123 | 6,123 |
| AZTECH GLOBAL LTD | 102,017 | 102,017 |
| B2 GOLD CORP | 139,179 | 139,179 |
| B3 CONSULTING | 70,948 | 70,948 |
| BAKER HUGHES CO | 31,548 | 31,548 |
| BALL CORP | 11,446 | 11,446 |
| BANK NEW YORK MELLON CORP | 35,446 | 35,446 |
| BANK OF AMERICA CORP | 129,832 | 129,832 |
| BANK OZK COM | 4,834 | 4,834 |
| BATH & BODY WORKS INC | 8,503 | 8,503 |
| BAWAG GROUP AG | 222,605 | 222,605 |
| BAXTER INTL INC | 15,425 | 15,425 |
| BEACH ENERGY LTD | 163,327 | 163,327 |
| BECTON DICKINSON & CO | 43,158 | 43,158 |
| BEKAERT SA | 179,859 | 179,859 |
| BELLWAY | 114,579 | 114,579 |
| BENTLEY SYS INC CL B CL B | 8,714 | 8,714 |
| BERKLEY W R CORP COM | 2,270,112 | 2,270,112 |
| BERKSHIRE HATHAWAY INC | 2,857,917 | 2,857,917 |
| BERRY GLOBAL GROUP INC | 6,132 | 6,132 |
| BEST BUY INC | 11,585 | 11,585 |
| BETSSON AB | 103,355 | 103,355 |
| BEZEQ ISRAEL TELCM ILS1 | 133,754 | 133,754 |
| BIC (SOCIETE BIC S | 131,912 | 131,912 |
| BILIA AB SER'A' | 154,930 | 154,930 |
| BILL HOLDINGS INC | 5,793 | 5,793 |
| BIO RAD LABORATORIES INC CL A CL A | 6,458 | 6,458 |
| BIOGEN INC | 22,254 | 22,254 |
| BIOMARIN PHARMACEUTICAL INC | 11,570 | 11,570 |
| BIO-TECHNE CORP | 9,336 | 9,336 |
| BJS WHSL CLUB HLDGS INC | 6,866 | 6,866 |
| BLACKROCK INC | 59,261 | 59,261 |
| BLACKSTONE INC | 53,808 | 53,808 |
| BLOCK H & R INC | 9,384 | 9,384 |
| BLOCK INC | 23,205 | 23,205 |
| BLUE OWL CAP INC CL A | 3,755 | 3,755 |
| BLUESCOPE STEEL | 166,057 | 166,057 |
| BOK FINL CORP COM | 4,026 | 4,026 |
| BONDUELLE | 30,212 | 30,212 |
| BOOKING HLDGS INC | 74,492 | 74,492 |
| BOOZ ALLEN HAMILTON HLDG CORP CL A COM | 12,535 | 12,535 |
| BORG WARNER INC | 5,808 | 5,808 |
| BOSTON BEER INC CL A CL A | 4,493 | 4,493 |
| BOSTON SCIENTIFIC CORP | 51,971 | 51,971 |
| BOYD GAMING CORP | 6,073 | 6,073 |
| BRDR A&O JOHANSEN SER'B' | 135,426 | 135,426 |
| BRIGHT HORIZONS FA COM | 4,052 | 4,052 |
| BRIGHTHOUSE FINL INC | 4,445 | 4,445 |
| BRISTOL MYERS SQUIBB CO | 64,343 | 64,343 |
| BROADCOM INC | 285,760 | 285,760 |
| BROADRIDGE FINL SOLUTIONS INC | 17,077 | 17,077 |
| BROWN & BROWN INC | 16,711 | 16,711 |
| BROWN FORMAN CORP CL A CL A | 4,469 | 4,469 |
| BROWN-FORMAN INC CL B NON-VTG COM | 15,588 | 15,588 |
| BRUKER CORP | 7,201 | 7,201 |
| BRUNSWICK CORP | 5,321 | 5,321 |
| BUILDERS FIRSTSOURCE INC | 14,691 | 14,691 |
| BUNGE GLOBAL SA F | 11,407 | 11,407 |
| BURLINGTON STORES INC | 11,669 | 11,669 |
| BWX TECHNOLOGIES INC | 9,745 | 9,745 |
| BYGGMAX GROUP AB | 56,470 | 56,470 |
| C H ROBINSON WORLDWIDE INC | 9,848 | 9,848 |
| CACI INTL INC CL A CL A | 9,716 | 9,716 |
| CADENCE DESIGN SYS INC | 48,754 | 48,754 |
| CAMDEN PPTY | 13,007 | 13,007 |
| CAMPBELL SOUP CO | 15,736 | 15,736 |
| CANADIAN PAC KANS CITY LTD | 3,292,217 | 3,292,217 |
| CANADIAN TIRE LTD CLASS'A'CUM NON-VTG COM | 181,423 | 181,423 |
| CAPITAL ONE FINL CORP | 16,390 | 16,390 |
| CAPRI HOLDINGS LTD | 3,718 | 3,718 |
| CARDINAL HLTH INC | 23,486 | 23,486 |
| CARLISLE COMPANIES INC | 16,871 | 16,871 |
| CARLYLE GROUP INC | 10,579 | 10,579 |
| CARMAX INC | 9,132 | 9,132 |
| CARNIVAL CORP | 8,473 | 8,473 |
| CARRIER GLOBAL CORPORATION | 22,808 | 22,808 |
| CARTER INC FORMERLY CARTER HLDGS INC | 4,493 | 4,493 |
| CASEYS GEN STORES INC | 12,913 | 12,913 |
| CATALENT INC | 3,055 | 3,055 |
| CATERPILLAR INC | 85,744 | 85,744 |
| CBOE GLOBAL MARKETS INC | 14,106 | 14,106 |
| CBRE GROUP INC CL A CL A | 14,987 | 14,987 |
| CDN WESTERN BANK COM | 163,878 | 163,878 |
| CDW CORP COM | 9,320 | 9,320 |
| CELANESE CORP DEL | 21,130 | 21,130 |
| CELSIUS HLDGS INC | 2,617 | 2,617 |
| CENCORA INC | 31,423 | 31,423 |
| CENT ASIA METALS | 79,747 | 79,747 |
| CENTENE CORP | 23,747 | 23,747 |
| CENTERPOINT ENERGY INC | 18,142 | 18,142 |
| CENTRAL GLASS CO | 100,188 | 100,188 |
| CF INDS HLDGS INC | 12,243 | 12,243 |
| CHARLES RIV LABORATORIES INTL INC | 11,584 | 11,584 |
| CHARTER COMMUNICATIONS INC | 22,155 | 22,155 |
| CHEMED CORP | 11,110 | 11,110 |
| CHEMOURS CO | 3,122 | 3,122 |
| CHENIERE ENERGY INC | 37,385 | 37,385 |
| CHINA AVIATION OIL | 81,258 | 81,258 |
| CHIPOTLE MEXICAN GRILL INC | 32,017 | 32,017 |
| CHOICE HOTELS INTL INC | 3,852 | 3,852 |
| CHUBB LTD | 44,974 | 44,974 |
| CHURCH & DWIGHT INC | 17,588 | 17,588 |
| CHURCHILL DOWNS INC | 9,580 | 9,580 |
| CI FINANCIAL CORP | 180,312 | 180,312 |
| CIENA CORP | 8,417 | 8,417 |
| CIN FNCL CORP | 13,967 | 13,967 |
| CINTAS CORP | 1,753,741 | 1,753,741 |
| CIRRUS LOGIC INC | 3,161 | 3,161 |
| CISCO SYSTEMS INC | 113,114 | 113,114 |
| CITIGROUP INC | 51,183 | 51,183 |
| CLEAN HBRS INC | 2,618 | 2,618 |
| CLEVELAND CLIFFS | 8,617 | 8,617 |
| CLIQ DIGITAL AG COM | 74,666 | 74,666 |
| CLOETTA AB SER'B' | 73,805 | 73,805 |
| CLOROX CO | 17,966 | 17,966 |
| CLOUDFLARE INC | 13,904 | 13,904 |
| CME GROUP INC | 43,384 | 43,384 |
| CMS ENERGY CORP | 15,040 | 15,040 |
| COCA COLA CO | 148,209 | 148,209 |
| COFACE | 116,404 | 116,404 |
| COGECO COMMUNICATI SUB VTG SHS | 58,513 | 58,513 |
| COGNEX CORP | 6,219 | 6,219 |
| COGNIZANT TECH SOLUTIONS CORP CL A | 22,432 | 22,432 |
| COINBASE GLOBAL INC | 13,914 | 13,914 |
| COLGATE-PALMOLIVE CO | 28,297 | 28,297 |
| COLUMBIA SPORTSWEAR CO | 3,579 | 3,579 |
| COM ALCOA CORPORATION COM | 2,414 | 2,414 |
| COMCAST CORP | 96,207 | 96,207 |
| COMERICA INC | 5,637 | 5,637 |
| COMM BANCSHARES INC | 26,302 | 26,302 |
| COMPUTACENTER ORD | 186,825 | 186,825 |
| CONAGRA BRANDS INC | 5,130 | 5,130 |
| CONCENTRIX CORP | 5,205 | 5,205 |
| CONFLUENT INC CL A CL A | 2,200 | 2,200 |
| CONS EDISON INC | 24,016 | 24,016 |
| CONSTELLATION BRANDS INC CL A CL A | 21,516 | 21,516 |
| CONSTELLATION ENERGY CORPORATION | 22,326 | 22,326 |
| CONSUN PHARMACEUTI | 85,522 | 85,522 |
| COPART INC | 24,843 | 24,843 |
| CORNING INC | 23,538 | 23,538 |
| CORTEVA INC | 16,437 | 16,437 |
| COSTAR GROUP INC | 20,711 | 20,711 |
| COSTCO WHOLESALE CORP | 5,446,320 | 5,446,320 |
| COTERRA ENERGY INC | 20,059 | 20,059 |
| COUPANG INC | 8,969 | 8,969 |
| COUSINS PPTYS INC | 950 | 950 |
| CRANE CO | 4,017 | 4,017 |
| CRANE NXT CO | 2,047 | 2,047 |
| CRESCENT POINT EN COM | 103,846 | 103,846 |
| CRESCO LTD NPV | 106,173 | 106,173 |
| CROPENERGIES AG NPV (BR) | 80,032 | 80,032 |
| CROWDSTRIKE HLDGS INC CL A CL A | 28,596 | 28,596 |
| CROWN CASTLE INC | 35,939 | 35,939 |
| CROWN HLDGS INC | 10,314 | 10,314 |
| CSE GLOBAL LTD | 40,584 | 40,584 |
| CSX CORP | 3,019,618 | 3,019,618 |
| CULLEN / FROST BANKERS INC | 10,307 | 10,307 |
| CUMMINS INC | 26,113 | 26,113 |
| CURTISS WRIGHT CORP COM | 21,388 | 21,388 |
| CVS HEALTH CORP COM | 59,852 | 59,852 |
| D R HORTON INC | 35,411 | 35,411 |
| DAI NIPPON TORYO NPV | 53,540 | 53,540 |
| DAITRON CO LTD NPV | 164,706 | 164,706 |
| DALATA HOTEL GROUP ORD | 119,932 | 119,932 |
| DANAHER CORP COM | 81,432 | 81,432 |
| DARDEN RESTAURANTS INC | 17,416 | 17,416 |
| DARLING INGREDIENTS INC | 5,981 | 5,981 |
| DATADOG INC | 19,299 | 19,299 |
| DAVITA INC | 7,228 | 7,228 |
| DAWNRAYS PHARMS | 55,401 | 55,401 |
| DECKERS OUTDOOR CORP COM | 14,705 | 14,705 |
| DEERE & CO COM | 63,979 | 63,979 |
| DELFI LTD | 98,831 | 98,831 |
| DELTA AIR LINES INC DEL COM | 14,563 | 14,563 |
| DEUTSCHE PFAND AG NPV | 69,117 | 69,117 |
| DEUTZ AG NPV | 125,135 | 125,135 |
| DEVON ENERGY CORP | 30,532 | 30,532 |
| DEXCOM INC | 27,920 | 27,920 |
| DFDS AS | 89,222 | 89,222 |
| DIAMONDBACK ENERGY INC | 29,775 | 29,775 |
| DICKS SPORTING GOODS INC OC-COM OC-COM | 3,821 | 3,821 |
| DIGITAL RLTY TR INC | 26,916 | 26,916 |
| DISCOVER FINL SVCS | 21,468 | 21,468 |
| DOCUSIGN INC | 4,340 | 4,340 |
| DOLBY LABORATORIES INC CL A | 6,550 | 6,550 |
| DOLLAR GEN CORP | 22,432 | 22,432 |
| DOLLAR TREE INC | 19,887 | 19,887 |
| DOMINION ENERGY INC | 21,056 | 21,056 |
| DOMINOS PIZZA INC | 11,130 | 11,130 |
| DONALDSON INC | 17,252 | 17,252 |
| DOORDASH INC CL A COM | 16,416 | 16,416 |
| DORMAKABA HOLDING | 107,883 | 107,883 |
| DOUBLEVERIFY HLDGS INC | 2,575 | 2,575 |
| DOVER CORP COM | 6,768 | 6,768 |
| DOW INC | 12,668 | 12,668 |
| DOXIMITY INC | 3,926 | 3,926 |
| DRAFTKINGS INC NEW CL A | 7,121 | 7,121 |
| DRAX GROUP ORD | 182,911 | 182,911 |
| DROPBOX INC CL A CL A | 9,964 | 9,964 |
| DT MIDSTREAM INC | 12,988 | 12,988 |
| DTE ENERGY CO COM | 17,201 | 17,201 |
| DUKE ENERGY CORP | 34,061 | 34,061 |
| DUN & BRADSTREET HLDGS INC | 16,392 | 16,392 |
| DUPONT DE NEMOURS INC | 20,540 | 20,540 |
| DYNATRACE INC | 8,586 | 8,586 |
| EAGLE MATLS INC | 9,533 | 9,533 |
| EASTMAN CHEM CO COM | 8,084 | 8,084 |
| EATON CORP PLC COM | 1,778,697 | 1,778,697 |
| EBAY INC | 10,294 | 10,294 |
| ECOLAB INC | 37,488 | 37,488 |
| ECONOCOM GROUP NPV | 86,872 | 86,872 |
| ECO'S CO LTD NPV | 106,075 | 106,075 |
| EDISON INTL COM | 16,586 | 16,586 |
| EDWARDS LIFESCIENCES CORP COM | 26,840 | 26,840 |
| EFG INTERNATIONAL AG | 209,161 | 209,161 |
| EINHELL GERMANY AG | 54,680 | 54,680 |
| ELANCO ANIMAL HEALTH INC | 6,422 | 6,422 |
| ELASTIC N V COM | 5,748 | 5,748 |
| ELECTR ARTS COM | 31,603 | 31,603 |
| ELEMATEC CORP NPV | 94,501 | 94,501 |
| ELEMENT SOLUTION INC | 6,572 | 6,572 |
| ELEVANCE HEALTH INC | 65,075 | 65,075 |
| ELI LILLY & CO COM | 288,545 | 288,545 |
| ELMOS SEMICONDUCT NPV | 114,442 | 114,442 |
| EMAK | 82,963 | 82,963 |
| EMECO HOLD LIMITED NPV | 87,640 | 87,640 |
| EMERSON ELECTRIC CO COM | 34,552 | 34,552 |
| ENCOMPASS HEALTH CORP COM | 8,207 | 8,207 |
| ENERPLUS CORP | 217,178 | 217,178 |
| ENOVIS CORPORATION COM | 4,258 | 4,258 |
| ENPHASE ENERGY INC | 9,911 | 9,911 |
| ENTEGRIS INC | 12,461 | 12,461 |
| ENTERGY CORP | 16,292 | 16,292 |
| ENVISTA HLDGS CORP COM | 3,176 | 3,176 |
| EOG RESOURCES INC | 50,799 | 50,799 |
| EPAM SYS INC | 9,515 | 9,515 |
| EPR PPTYS COM SH BEN INT COM | 2,083 | 2,083 |
| EQT CORP COM | 16,933 | 16,933 |
| EQTY LIFESTYLE PPTYS INC REIT | 10,581 | 10,581 |
| EQTY RESDNTL | 18,593 | 18,593 |
| EQUIFAX INC | 18,794 | 18,794 |
| EQUINIX INC | 37,048 | 37,048 |
| EQUITABLE HLDGS INC | 8,125 | 8,125 |
| ESAB CORPORATION COM | 3,205 | 3,205 |
| ESPRINET | 70,413 | 70,413 |
| ESSENTIAL UTILS INC | 15,015 | 15,015 |
| ESSEX PPTY TR REIT | 1,240 | 1,240 |
| ESTEE LAUDER COMPANIES INC CL A | 19,744 | 19,744 |
| ETSY INC | 3,242 | 3,242 |
| EUROCELL PLC ORD | 31,730 | 31,730 |
| EURONET WORLDWIDE INC | 6,089 | 6,089 |
| EUROPRIS ASA NOK1 | 218,407 | 218,407 |
| EUROTELESITES AG | 14,135 | 14,135 |
| EVERCORE INC | 7,697 | 7,697 |
| EVEREST GROUP LTD | 15,558 | 15,558 |
| EVERGY INC | 5,116 | 5,116 |
| EVERSOURCE ENERGY COM | 4,444 | 4,444 |
| EXACT SCIENCES CORP COM | 7,916 | 7,916 |
| EXEDY CORP NPV | 77,279 | 77,279 |
| EXELIXIS INC | 6,765 | 6,765 |
| EXELON CORP COM | 23,048 | 23,048 |
| EXPEDIA GROUP INC | 14,724 | 14,724 |
| EXPEDITORS INTL WASH INC | 16,154 | 16,154 |
| EXTRA SPACE STORAGE INC | 25,332 | 25,332 |
| F5 INC | 5,548 | 5,548 |
| FACTSET RESH SYS INC | 19,559 | 19,559 |
| FAES FARMA SA | 103,126 | 103,126 |
| FAIR ISAAC CORPORATION COM | 23,280 | 23,280 |
| FASTENAL CO COM | 22,087 | 22,087 |
| FEDEX CORP COM | 34,404 | 34,404 |
| FERGUSON PLC ORD | 17,183 | 17,183 |
| FERREXPO PLC ORD | 30,586 | 30,586 |
| FERRONORDIC AB NPV | 60,588 | 60,588 |
| FIDELITY NATL INFORMATION SVCS INC | 24,388 | 24,388 |
| FIRST AMERN FINL CORP | 8,119 | 8,119 |
| FIRST CTZNS BANCSHARES INC N C CL A CL A | 7,095 | 7,095 |
| FIRST HAWAIIAN INC | 4,938 | 4,938 |
| FIRST HORIZON CORPORATION COM | 8,043 | 8,043 |
| FIRST SOLAR INC | 11,198 | 11,198 |
| FIRSTENERGY CORP COM | 19,613 | 19,613 |
| FIRSTGROUP ORD | 130,731 | 130,731 |
| FISERV INC | 47,822 | 47,822 |
| FIVE BELOW INC | 5,542 | 5,542 |
| FIVE9 INC | 6,925 | 6,925 |
| FJ NEXT HOLDINGS CO LTD NPV | 130,731 | 130,731 |
| FLOOR & DECOR HLDGS INC CL A CL A | 3,235 | 3,235 |
| FLOWERS FOODS INC | 19,043 | 19,043 |
| FMC CORP | 10,025 | 10,025 |
| FOOD EMPIRE HOLDIN NPV | 106,481 | 106,481 |
| FORD MTR CO DEL COM | 30,280 | 30,280 |
| FORTINET INC | 22,417 | 22,417 |
| FORTIVE CORP COM MON STOCK | 21,574 | 21,574 |
| FORTREA HLDGS INC | 3,909 | 3,909 |
| FORTUNE BRANDS INNOVATIONS INC | 5,634 | 5,634 |
| FOX CORP CL A CL A | 7,536 | 7,536 |
| FOX CORP CL B CL B | 4,949 | 4,949 |
| FRASERS GROUP | 73,124 | 73,124 |
| FREENET AG - ORD SHS | 125,963 | 125,963 |
| FREEPORT-MCMORAN INC | 22,222 | 22,222 |
| FRENCKEN GROUP LIMITED NPV | 85,456 | 85,456 |
| FRESHPET INC | 3,817 | 3,817 |
| FRKLN RES INC | 7,865 | 7,865 |
| FRONTIER COMMUNICATIONS PARENT INC | 7,805 | 7,805 |
| FTI CONSULTING INC | 5,377 | 5,377 |
| FUJI MACHINE MFG NPV | 111,807 | 111,807 |
| FUJI PHARMA CO LTD NPV | 128,285 | 128,285 |
| FUKOKU CO LTD NPV | 41,915 | 41,915 |
| FUKUDA DENSHI CO NPV | 177,742 | 177,742 |
| FUKUOKA REIT CORP REIT | 97,205 | 97,205 |
| FURUNO ELECTRIC CO NPV | 85,480 | 85,480 |
| GALLAGHER ARTHUR J & CO COM | 2,948,402 | 2,948,402 |
| GAMESTOP CORP CL A | 2,454 | 2,454 |
| GAMING & LEISURE PPTYS INC | 2,468 | 2,468 |
| GARMIN LTD | 15,553 | 15,553 |
| GARTNER INC | 20,751 | 20,751 |
| GATTACA PLC ORD | 22,521 | 22,521 |
| GE AEROSPACE | 80,790 | 80,790 |
| GE HEALTHCARE TECHNOLOGIES INC | 17,552 | 17,552 |
| GEN DIGITAL INC | 12,619 | 12,619 |
| GEN MTRS CO COM | 26,186 | 26,186 |
| GENERAC HLDGS INC | 4,782 | 4,782 |
| GENERAL DYNAMICS CORP COM | 37,392 | 37,392 |
| GENERAL MILLS INC | 25,600 | 25,600 |
| GENESIS MINERALS NPV | 19,870 | 19,870 |
| GENPACT LIMITED | 7,185 | 7,185 |
| GENTEX CORP COM | 16,591 | 16,591 |
| GENUINE PARTS CO COM | 15,789 | 15,789 |
| GESTAMP AUTOMOCION | 93,778 | 93,778 |
| GILEAD SCIENCES INC | 60,920 | 60,920 |
| GITLAB INC CL A COM | 3,841 | 3,841 |
| GLOBAL PMTS INC | 17,018 | 17,018 |
| GLOBALFOUNDRIES INC | 1,091 | 1,091 |
| GLOBANT SA | 7,853 | 7,853 |
| GLOBE LIFE INC | 11,442 | 11,442 |
| GLOBUS MED INC CL A NEW | 5,116 | 5,116 |
| GODADDY INC CL A CL A | 12,315 | 12,315 |
| GOLDMAN SACHS GROUP INC | 62,495 | 62,495 |
| GRACO INC | 5,813 | 5,813 |
| GRAINGER W W INC | 27,347 | 27,347 |
| GRAND CANYON ED INC | 5,678 | 5,678 |
| GRANDY HOUSE CORPO NPV | 54,005 | 54,005 |
| GRAPHIC PACKAGING HLDG CO | 17,575 | 17,575 |
| GROCERY OUTLET HLDG CORP COM | 1,645 | 1,645 |
| GROUPE GUILLIN | 112,641 | 112,641 |
| GUIDEWIRE SOFTWARE INC | 7,306 | 7,306 |
| GUNMA BANK NPV | 118,442 | 118,442 |
| GXO LOGISTICS INC | 5,443 | 5,443 |
| HALFORDS GROUP ORD | 96,546 | 96,546 |
| HALLIBURTON CO COM | 28,052 | 28,052 |
| HAMAKYOREX CO LTD NPV | 118,421 | 118,421 |
| HANOVER INS GROUP INC | 5,464 | 5,464 |
| HAREL INS INVS ILS1 | 91,589 | 91,589 |
| HARLEY DAVIDSON COM | 6,263 | 6,263 |
| HARTFORD FINL SVCS GROUP INC | 22,667 | 22,667 |
| HARVEY NORMAN HLDG NPV | 84,543 | 84,543 |
| HASBRO INC | 8,527 | 8,527 |
| HCA HEALTHCARE INC | 28,963 | 28,963 |
| HEALTHCARE REALTY TRUST INC | 4,428 | 4,428 |
| HEALTHPEAK OP LLC | 7,564 | 7,564 |
| HEICO CORP CL A CL A | 25,212 | 25,212 |
| HEICO CORP | 19,676 | 19,676 |
| HEIWADO CO LTD NPV | 6,052 | 6,052 |
| HELIA GROUP LTD NPV | 113,386 | 113,386 |
| HELVETIA HOLDING AG | 144,453 | 144,453 |
| HENRY SCHEIN INC | 11,584 | 11,584 |
| HERMES INTL NPV | 2,295,529 | 2,295,529 |
| HERSHEY COMPANY COM | 21,068 | 21,068 |
| HERTZ GLOBAL HLDGS INC | 2,660 | 2,660 |
| HESS CORP | 37,482 | 37,482 |
| HEWLETT PACKARD ENTERPRISE CO COM | 6,266 | 6,266 |
| HEXCEL CORP | 15,488 | 15,488 |
| HF SINCLAIR CORPORATION | 13,170 | 13,170 |
| HIKMA PHARMACEUTIC ORD | 109,470 | 109,470 |
| HILTON WORLDWIDE HLDGS INC | 18,937 | 18,937 |
| HOLOGIC INC | 13,218 | 13,218 |
| HOME DEPOT INC | 3,487,679 | 3,487,679 |
| HONEYWELL INTL INC | 74,028 | 74,028 |
| HORIBA LTD NPV | 187,771 | 187,771 |
| HORMEL FOODS CORP COM | 11,014 | 11,014 |
| HORNBACH HLDG KGAA NPV | 131,232 | 131,232 |
| HOST HOTELS & RESORTS INC REIT | 3,894 | 3,894 |
| HOWARD HUGHES HLDGS IN | 4,705 | 4,705 |
| HOWMET AEROSPACE INC | 25,166 | 25,166 |
| HP INC | 18,355 | 18,355 |
| HUBBELL INC | 18,749 | 18,749 |
| HUBSPOT INC | 16,255 | 16,255 |
| HUMANA AB NPV | 85,474 | 85,474 |
| HUMANA INC | 27,926 | 27,926 |
| HUNT J B TRANS SVCS INC | 13,383 | 13,383 |
| HUNTINGTON INGALLS INDS INC | 16,877 | 16,877 |
| HUNTSMAN CORP | 5,755 | 5,755 |
| HYATT HOTELS CORP COM CL A COM CL A | 10,563 | 10,563 |
| IA FINANCIAL CORP COM NPV | 342,522 | 342,522 |
| IAC INC | 4,662 | 4,662 |
| ICON PLC COM | 5,944 | 5,944 |
| ICU MED INC | 2,593 | 2,593 |
| IDACORP INC | 6,292 | 6,292 |
| IDEXX LABS INC | 21,092 | 21,092 |
| IDOM INC NPV | 104,582 | 104,582 |
| ILEX MEDICAL ILS1 | 55,519 | 55,519 |
| ILL TOOL WKS INC | 35,886 | 35,886 |
| ILLUMINA INC | 12,949 | 12,949 |
| ILUKA RESOURCES NPV | 94,574 | 94,574 |
| IMM GRANDE DISTRIB NPV | 64,674 | 64,674 |
| INCYTE CORP COM | 9,105 | 9,105 |
| INDRA SISTEMAS SA | 111,349 | 111,349 |
| INES CORPORATION NPV | 108,625 | 108,625 |
| INFOTEL | 52,692 | 52,692 |
| INGERSOLL RAND INC | 23,821 | 23,821 |
| INGREDION INC | 8,899 | 8,899 |
| INNOTECH CORP(JPN) NPV | 89,428 | 89,428 |
| INSULET CORP | 8,245 | 8,245 |
| INTEGRA LIFESCIENCES HLDG CORP COM DESP | 3,615 | 3,615 |
| INTEL CORP COM | 129,645 | 129,645 |
| INTERACTIVE BROKERS GROUP INC CL COM | 6,881 | 6,881 |
| INTERCONTINENTAL EXCHANGE INC | 49,446 | 49,446 |
| INTERNATIONAL BUSINESS MACHS CORP COM | 2,894,017 | 2,894,017 |
| INTERPUBLIC GROUP COMPANIES INC | 15,994 | 15,994 |
| INTL FLAVORS & FRAGRANCES INC | 17,409 | 17,409 |
| INTRUM AB | 19,387 | 19,387 |
| INTUIT COM | 91,254 | 91,254 |
| INTUITIVE SURGICAL INC | 70,846 | 70,846 |
| INVESCO LTD | 5,852 | 5,852 |
| INVESTEC ORD | 138,977 | 138,977 |
| INVITATION HOMES INC | 8,869 | 8,869 |
| INWIDO AB NPV | 123,423 | 123,423 |
| IONIS PHARMACEUTICALS INC | 2,479 | 2,479 |
| IPG PHOTONICS CORP COM | 4,667 | 4,667 |
| IPSEN SA EUR1 | 154,949 | 154,949 |
| IQVIA HLDGS INC | 14,808 | 14,808 |
| IREN SPA EUR1 | 189,178 | 189,178 |
| IRIDIUM COMMUNICATIONS INC | 2,140 | 2,140 |
| IRON MTN INC | 15,116 | 15,116 |
| ITOHAM YONEKYU HOLDINGS | 102,268 | 102,268 |
| ITT INC | 12,409 | 12,409 |
| JABIL INC | 4,841 | 4,841 |
| JACK HENRY & ASSOC INC | 15,034 | 15,034 |
| JANUS HENDERSON GROUP PLC | 8,924 | 8,924 |
| JAPAN LIFELINE CO NPV | 123,630 | 123,630 |
| JAPAN OIL TRANS NPV | 24,386 | 24,386 |
| JAZZ PHARMACEUTICALS PLC | 6,765 | 6,765 |
| JOHNSON & JOHNSON COM | 220,376 | 220,376 |
| JOHNSON CTLS INTL PLC COM | 23,863 | 23,863 |
| JPMORGAN CHASE & CO COM | 287,639 | 287,639 |
| JUNGHEINRICH NON-VTG PRF NPV | 165,134 | 165,134 |
| JUNIPER NETWORKS INC | 8,697 | 8,697 |
| JUPITER FUND MGT ORD | 63,581 | 63,581 |
| JUPITER MINES LIMITED NPV | 51,723 | 51,723 |
| KAGA ELECTRONICS NPV | 156,533 | 156,533 |
| KAMEI CORP NPV | 95,822 | 95,822 |
| KANAMOTO CO LTD | 91,321 | 91,321 |
| KAUFMAN & BROAD SA | 89,775 | 89,775 |
| KAWAI MUSICAL INST NPV | 126,259 | 126,259 |
| KBR INC | 4,821 | 4,821 |
| KELLANOVA COM | 24,880 | 24,880 |
| KEMIRA OYJ NPV | 224,420 | 224,420 |
| KEMPER CORP DEL COM | 3,456 | 3,456 |
| KENVUE INC | 21,961 | 21,961 |
| KEPPEL PACIFIC OAK | 55,350 | 55,350 |
| KERRY PROPERTIES | 57,606 | 57,606 |
| KEURIG DR PEPPER INC | 24,990 | 24,990 |
| KEYSIGHT TECHNOLOGIES INC | 15,432 | 15,432 |
| KILROY RLTY CORP COM | 5,856 | 5,856 |
| KIMBERLY-CLARK CORP COM | 15,918 | 15,918 |
| KIMCO REALTY CORPORATION | 20,394 | 20,394 |
| KINDER MORGAN INC DEL COM | 25,331 | 25,331 |
| KINDRED GROUP PLC | 61,089 | 61,089 |
| KINGBOARD HOLDINGS LTD | 71,767 | 71,767 |
| KINGFISHER ORD | 152,598 | 152,598 |
| KIRBY CORP COM | 3,610 | 3,610 |
| KITANO CONST CORP NPV | 38,225 | 38,225 |
| KITZ CORPORATION NPV | 133,449 | 133,449 |
| KKR & CO INC CL A CL A | 32,394 | 32,394 |
| KLA CORPORATION COM | 49,411 | 49,411 |
| KMD BRANDS LTD NPV | 53,612 | 53,612 |
| KNIGHT-SWIFT TRANSN HLDGS INC CL A CLASSA | 11,299 | 11,299 |
| KNOWIT AB | 24,862 | 24,862 |
| KONECRANES OYJ NPV | 238,752 | 238,752 |
| KRAFT HEINZ CO COM | 23,186 | 23,186 |
| KROGER CO COM | 22,215 | 22,215 |
| KYNDRYL HLDGS INC | 1,413 | 1,413 |
| L3HARRIS TECHNOLOGIES INC | 31,382 | 31,382 |
| LAM RESH CORP COM | 61,094 | 61,094 |
| LAMAR ADVERTISING CO CL A CL A | 11,478 | 11,478 |
| LAMB WESTON HLDGS INC | 17,294 | 17,294 |
| LANDSTAR SYS INC | 8,908 | 8,908 |
| LAS VEGAS SANDS CORP | 13,484 | 13,484 |
| LASSILA & TIKANOJA NPV | 76,862 | 76,862 |
| LATTICE SEMICONDUCTOR CORP COM | 7,244 | 7,244 |
| LAURENTIAN BNK CDA COM NPV | 59,181 | 59,181 |
| LEE & MAN PAPER MA | 12,024 | 12,024 |
| LEGGETT & PLATT INC | 1,309 | 1,309 |
| LEIDOS HLDGS INC | 15,911 | 15,911 |
| LENNAR CORP CL A CL A | 9,539 | 9,539 |
| LEONS FURNITURE COM NPV | 68,861 | 68,861 |
| LIBERTY BROADBAND CORP COM SER C COM SERC | 7,092 | 7,092 |
| LIBERTY MEDIA CORP DEL COM LIBERTY FORMULA ONE SER C | 17,234 | 17,234 |
| LIBERTY MEDIA CORP DEL COM LIBERTY SIRIUSXM SER A | 3,880 | 3,880 |
| LIBERTY MEDIA CORP DEL COM LIBERTY SIRIUSXM SER C | 16,635 | 16,635 |
| LIBERTY MEDIA CORP DEL COM LIBERTY LIVE SER A | 1,206 | 1,206 |
| LIBERTY MEDIA CORP DEL COM LIBERTY LIVE SER C | 1,309 | 1,309 |
| LIECHTENSTEINISCHE LANDESBANK AG CHF | 60,630 | 60,630 |
| LINAMAR CORP | 145,654 | 145,654 |
| LINCOLN NATL CORP COM | 4,531 | 4,531 |
| LINDE PLC | 122,802 | 122,802 |
| LINDSAY AUSTRALIA LTD | 110,258 | 110,258 |
| LINDT & SPRUENGLI CHF10 (PTG CERT) | 275,732 | 275,732 |
| LITHIA MTRS INC CL A | 6,915 | 6,915 |
| LIVE NATION ENTERTAINMENT INC | 11,045 | 11,045 |
| LKQ CORP COM LKQ CORP | 7,981 | 7,981 |
| LOGISTA HOLDINGS | 237,968 | 237,968 |
| LOREAL | 4,403,632 | 4,403,632 |
| LOUISIANA-PACIFIC CORP COM | 6,446 | 6,446 |
| LOWES COS INC | 69,436 | 69,436 |
| LPL FINL HLDGS INC | 13,202 | 13,202 |
| LUCECO PLC ORD | 56,907 | 56,907 |
| LUCID GROUP INC | 2,172 | 2,172 |
| LULULEMON ATHLETICA INC | 32,723 | 32,723 |
| LUMENTUM HLDGS INC | 4,456 | 4,456 |
| LYFT INC CL A CL A | 3,358 | 3,358 |
| LYONDELLBASELL IND N V COM CL 'A' | 7,606 | 7,606 |
| M & T BK CORP COM | 5,894 | 5,894 |
| MACYS INC | 12,213 | 12,213 |
| MADISON SQUARE GARDEN SPORTS | 4,728 | 4,728 |
| MAN GROUP PLC (N) ORD | 219,424 | 219,424 |
| MANHATTAN ASSOCS INC | 10,335 | 10,335 |
| MANPOWERGROUP INC | 4,291 | 4,291 |
| MARATHON OIL CORP COM | 21,720 | 21,720 |
| MARKEL GROUP INC | 18,459 | 18,459 |
| MARKETAXESS HLDGS INC | 10,835 | 10,835 |
| MARRIOTT INTL INC | 30,444 | 30,444 |
| MARRIOTT VACATIONS WORLDWIDE CORP COM | 3,905 | 3,905 |
| MARSH & MCLENNAN CO'S INC | 43,768 | 43,768 |
| MARTIN MARIETTA MATLS INC | 14,468 | 14,468 |
| MARTINREA INTL INC | 148,990 | 148,990 |
| MARUZEN SHOWA UNYU NPV | 108,164 | 108,164 |
| MARVELL TECHNOLOGY INC | 27,441 | 27,441 |
| MASCO CORP COM | 18,754 | 18,754 |
| MASIMO CORP | 1,407 | 1,407 |
| MASTERCARD INC CL A | 4,317,561 | 4,317,561 |
| MATCH GROUP INC | 7,665 | 7,665 |
| MATTEL INC | 7,741 | 7,741 |
| MC CORMICK & CO INC | 13,068 | 13,068 |
| MC DONALDS CORP COM | 128,982 | 128,982 |
| MCBRIDE ORD | 57,374 | 57,374 |
| MCJ CO LTD NPV | 77,034 | 77,034 |
| MCKESSON CORP | 38,890 | 38,890 |
| MDU RES GROUP INC | 4,118 | 4,118 |
| MEDICAL PPTYS TR INC | 1,537 | 1,537 |
| MEDTRONIC PLC | 63,845 | 63,845 |
| MELCO HLDGS INC NPV | 78,195 | 78,195 |
| MERCK & CO INC | 165,601 | 165,601 |
| MERCURY SYSTEMS INC | 6,509 | 6,509 |
| MERSEN | 75,162 | 75,162 |
| META PLATFORMS INC | 462,272 | 462,272 |
| METCASH LIMITED NPV | 150,028 | 150,028 |
| METLIFE INC | 22,881 | 22,881 |
| METTLER-TOLEDO INTL INC | 3,763,815 | 3,763,815 |
| MFE-MEDIAFOREUROPE N.V. | 51,418 | 51,418 |
| MICROCHIP TECHNOLOGY INC | 28,407 | 28,407 |
| MICRON TECH INC | 54,532 | 54,532 |
| MICROSOFT CORP COM | 8,347,699 | 8,347,699 |
| MID-AMER APT CMNTYS INC | 3,093 | 3,093 |
| MIDDLEBY CORP COM | 7,359 | 7,359 |
| MIQUEL Y COSTAS EUR2 | 115,293 | 115,293 |
| MIRAIT ONE CORPORATION NPV | 117,358 | 117,358 |
| MITIE GROUP ORD | 158,994 | 158,994 |
| MITSUBISHI HC CAP. NPV | 329,882 | 329,882 |
| MITSUBISHI SHOKUHI NPV | 119,414 | 119,414 |
| MITSUI-SOKO HOLDINGS CO LTD | 133,494 | 133,494 |
| MIYAJI ENGINEERING NPV | 213,364 | 213,364 |
| MIZUHO LEASING CO NPV | 157,923 | 157,923 |
| MKS INSTRS INC | 5,658 | 5,658 |
| MODERN DENTAL GROUP LIMITED | 142,075 | 142,075 |
| MODERNA INC | 19,492 | 19,492 |
| MOHAWK INDS INC | 4,554 | 4,554 |
| MOLINA HEALTHCARE INC | 2,168 | 2,168 |
| MOLSON COORS BEVERAGE COMPANY COM CLASS B | 1,224 | 1,224 |
| MONDELEZ INTL INC | 48,383 | 48,383 |
| MONGODB INC CL A CL A | 15,127 | 15,127 |
| MONOLITHIC PWR SYS INC | 21,447 | 21,447 |
| MONSTER BEVERAGE CORP | 1,274,045 | 1,274,045 |
| MOODYS CORP COM | 2,118,007 | 2,118,007 |
| MORGAN STANLEY | 1,430,548 | 1,430,548 |
| MOSAIC CO/THE | 7,003 | 7,003 |
| MOTOROLA SOLUTIONS INC | 31,935 | 31,935 |
| MP MATERIALS CORP COM CL A | 337 | 337 |
| MSA SAFETY INC | 7,260 | 7,260 |
| MSC INDL DIRECT INC CL A COM | 5,974 | 5,974 |
| MSCI INC | 22,060 | 22,060 |
| MULLEN GROUP LTD COM | 186,334 | 186,334 |
| MURPHY USA INC COM | 1,731,455 | 1,731,455 |
| N AMERN CONSTR GR COM | 69,198 | 69,198 |
| NASDAQ INC | 15,058 | 15,058 |
| NATERA INC COM | 5,011 | 5,011 |
| NATIONAL STORAGE AFFILIATES TR COM SHS BEN INT COM | 4,645 | 4,645 |
| NATL FUEL GAS CO COM | 8,780 | 8,780 |
| NAVIGATOR COMP NPV | 110,132 | 110,132 |
| NCR ATLEOS CORPORATION COM WI | 1,773 | 1,773 |
| NCR VOYIX CORP | 2,486 | 2,486 |
| NETAPP INC | 14,194 | 14,194 |
| NETFLIX INC | 124,641 | 124,641 |
| NEUROCRINE BIOSCIENCES INC | 10,409 | 10,409 |
| NEW FORTRESS INC CL A | 7,169 | 7,169 |
| NEW YORK CMNTY BANCORP INC | 6,445 | 6,445 |
| NEW YORK TIMES CO CL A | 10,190 | 10,190 |
| NEWELL BRANDS INC | 4,140 | 4,140 |
| NEWMARKET CORP COM | 12,008 | 12,008 |
| NEWMONT CORPORATION | 28,228 | 28,228 |
| NEWS CORP COM CL A | 11,735 | 11,735 |
| NEXSTAR MEDIA GROUP INC | 157 | 157 |
| NEXTERA ENERGY INC COM | 71,855 | 71,855 |
| NICHIAS CORP NPV | 84,161 | 84,161 |
| NICK SCALI NPV | 114,329 | 114,329 |
| NIHON CHOUZAI CO NPV | 120,073 | 120,073 |
| NIKE INC CL B | 70,245 | 70,245 |
| NIPPON SEISEN CO NPV | 92,790 | 92,790 |
| NIPPON SODA CO LTD NPV | 157,916 | 157,916 |
| NISOURCE INC COM | 20,682 | 20,682 |
| NISSHIN GROUP HLDG NPV | 51,884 | 51,884 |
| NISSIN CORP NPV | 103,845 | 103,845 |
| NITTO FUJI FLOUR MILLING CO NPV | 88,892 | 88,892 |
| NITTOC CONSTRUCT NPV | 106,115 | 106,115 |
| NNN REIT INC | 9,223 | 9,223 |
| NOBIA AB NPV | 16,373 | 16,373 |
| NOMURA RL EST INC NPV | 244,671 | 244,671 |
| NORDSON CORP COM | 11,623 | 11,623 |
| NORDSTROM INC COM | 3,764 | 3,764 |
| NORFOLK SOUTHN CORP COM | 31,439 | 31,439 |
| NORTHERN TR CORP COM | 18,479 | 18,479 |
| NORTHROP GRUMMAN CORP COM | 51,027 | 51,027 |
| NORWEGIAN CRUISE LINE HLDGS LTD | 6,733 | 6,733 |
| NOV INC COM | 21,213 | 21,213 |
| NOVOCURE LTD COM | 1,941 | 1,941 |
| NRG ENERGY INC COM | 10,805 | 10,805 |
| NSW INC NPV | 96,865 | 96,865 |
| NU HOLDINGS LTD | 5,031 | 5,031 |
| NUCOR CORP COM | 25,758 | 25,758 |
| NUTANIX INC CL A CL A | 6,915 | 6,915 |
| NVENT ELECTRIC PLC COM WI | 12,291 | 12,291 |
| NVIDIA CORP COM | 700,736 | 700,736 |
| NVR INC | 21,001 | 21,001 |
| O REILLY AUTOMOTIVE INC | 33,253 | 33,253 |
| OCCIDENTAL PETROLEUM CORP | 36,662 | 36,662 |
| OCEANAGOLD CORP COM NPV | 124,053 | 124,053 |
| OGE ENERGY CORP COM | 11,981 | 11,981 |
| OKAMURA CORP NPV | 115,974 | 115,974 |
| OKINAWA FINL GRP NPV | 119,813 | 119,813 |
| OKTA INC CL A CL A | 10,049 | 10,049 |
| OLD DOMINION FREIGHT LINE INC COM | 23,509 | 23,509 |
| OLD REPUBLIC INTERNATIONAL CORP COM | 10,378 | 10,378 |
| OLLIES BARGAIN OUTLET HLDGS INC COM | 6,451 | 6,451 |
| OMNICOM GROUP INC COM | 15,399 | 15,399 |
| ON SEMICONDUCTOR CORP COM | 21,050 | 21,050 |
| ONEMAIN HLDGS INC COM | 7,085 | 7,085 |
| ONEOK INC | 37,778 | 37,778 |
| ONOKEN CO LTD NPV | 105,594 | 105,594 |
| OPEN HOUSE GROUP CO LTD NPV | 71,210 | 71,210 |
| ORACLE CORP COM | 93,622 | 93,622 |
| ORGANON & CO COM | 4,614 | 4,614 |
| ORSERO NPV | 131,144 | 131,144 |
| OSB GROUP PLC ORD | 133,854 | 133,854 |
| OSHKOSH CORPORATION | 5,095 | 5,095 |
| OTIS WORLDWIDE CORP COM WI | 27,915 | 27,915 |
| OVINTIV INC COM | 20,203 | 20,203 |
| OWENS CORNING | 13,934 | 13,934 |
| PACCAR INC COM | 27,342 | 27,342 |
| PACKAGING CORP AMER COM | 9,612 | 9,612 |
| PACT GROUP HLDGS LTD NPV | 30,804 | 30,804 |
| PALANTIR TECHNOLOGIES INC CL A CL A | 19,213 | 19,213 |
| PALO ALTO NETWORKS INC COM | 51,309 | 51,309 |
| PARAMOUNT GLOBAL COM CL A | 3,598 | 3,598 |
| PARAMOUNT GLOBAL OM CL B | 8,593 | 8,593 |
| PARETO BANK ASA | 103,494 | 103,494 |
| PAREX RESOURCES IN COM NPV | 90,824 | 90,824 |
| PARK HOTELS & RESORTS INC COM | 8,231 | 8,231 |
| PARKER-HANNIFIN CORP COM | 25,339 | 25,339 |
| PAYCHEX INC COM | 15,127 | 15,127 |
| PAYCOM SOFTWARE INC COM | 6,202 | 6,202 |
| PAYLOCITY HLDG CORP COM | 4,616 | 4,616 |
| PAYPAL HLDGS INC COM | 36,600 | 36,600 |
| PEGASYSTEMS INC COM | 1,808 | 1,808 |
| PENSKE AUTOMOTIVE GROUP INC | 5,778 | 5,778 |
| PENTAIR PLC COM | 14,178 | 14,178 |
| PENUMBRA INC COM | 5,785 | 5,785 |
| PEPSICO INC COM | 1,807,098 | 1,807,098 |
| PER AARSLEFF HLDNG SER'B' | 186,379 | 186,379 |
| PERENTI LIMITED NPV | 128,978 | 128,978 |
| PERFORMANCE FOOD GROUP CO COM | 7,261 | 7,261 |
| PERRIGO COMPANY LIMITED COM | 2,671 | 2,671 |
| PFIZER INC COM | 95,007 | 95,007 |
| PG& E CORP COM | 19,689 | 19,689 |
| PHINIA INC COM WI | 1,424 | 1,424 |
| PHOENIX HLDGS LTD ILS1 | 116,296 | 116,296 |
| PIAGGIO NPV | 148,692 | 148,692 |
| PILGRIMS PRIDE CORP | 5,698 | 5,698 |
| PINNACLE W. CAP CORP COM | 6,178 | 6,178 |
| PINTEREST INC CL A CL A | 14,668 | 14,668 |
| PIRELLI & C SPA NPV | 103,410 | 103,410 |
| PIZZA PIZZA RTY CO COM NPV | 97,121 | 97,121 |
| PLANET FITNESS INC CL A CL A | 11,096 | 11,096 |
| PLASTIQUES DU VAL | 15,897 | 15,897 |
| PLUG PWR INC COM | 113 | 113 |
| PNC FINANCIAL SERVICES GROUP | 35,770 | 35,770 |
| POOL CORP | 11,961 | 11,961 |
| POPULAR INC COM (POST REV SPLIT) | 7,304 | 7,304 |
| POST HLDGS INC | 3,522 | 3,522 |
| PPG IND INC COM | 26,620 | 26,620 |
| PREMIER INC CL A CL A | 3,287 | 3,287 |
| PRIMERICA INC COM | 9,465 | 9,465 |
| PRINCIPAL FINL GROUP INC | 14,397 | 14,397 |
| PROACT IT GROUP NPV | 170,691 | 170,691 |
| PROCTER & GAMBLE COM | 202,225 | 202,225 |
| PROGRESSIVE CORP OH COM | 2,130,370 | 2,130,370 |
| PROLOGIS INC COM | 64,117 | 64,117 |
| PROSPERITY BANCSHARES INC | 7,518 | 7,518 |
| PRUDENTIAL FINL INC COM | 21,053 | 21,053 |
| PTC INC | 6,648 | 6,648 |
| PUB SERVICE ENTERPRISE GROUP INC | 8,072 | 8,072 |
| PUB STORAGE COM | 25,925 | 25,925 |
| PULTE GROUP INC | 14,657 | 14,657 |
| PURE STORAGE INC CL A CL A | 6,526 | 6,526 |
| PVH CORP COM | 2,687 | 2,687 |
| PWO AG NPV | 29,826 | 29,826 |
| QANTAS AIRWAYS NPV | 113,591 | 113,591 |
| QINETIQ GROUP ORD | 167,413 | 167,413 |
| QUALCOMM INC COM | 94,299 | 94,299 |
| QUANTA SVCS INC | 23,738 | 23,738 |
| QUEST DIAGNOSTICS INC | 16,683 | 16,683 |
| QUIDELORTHO CORPORATION | 4,496 | 4,496 |
| RALPH LAUREN CORP CL A CL A | 5,624 | 5,624 |
| RAMI LEVI CHAIN | 78,575 | 78,575 |
| RANGE RES CORP COM | 17,473 | 17,473 |
| RAYMOND JAMES FNCL INC | 16,614 | 16,614 |
| RAYONIER INC REIT | 6,181 | 6,181 |
| RAYSUM CO LTD NPV | 63,654 | 63,654 |
| RB GLOBAL INC COM NPV | 5,886 | 5,886 |
| REALTY INCOME CORP COM | 20,154 | 20,154 |
| REDROW PLC ORD | 136,747 | 136,747 |
| REGAL REXNORD CORPORATION | 6,513 | 6,513 |
| REGENCY CTRS CORP COM | 14,606 | 14,606 |
| REGENERON PHARMACEUTICALS INC | 52,697 | 52,697 |
| REGIONS FINL CORP | 19,438 | 19,438 |
| REINSURANCE GROUP AMER INC | 10,030 | 10,030 |
| RELIANCE INC COM NPV | 17,620 | 17,620 |
| RENAISSANCE RE HLDGS LTD COM | 10,780 | 10,780 |
| REORG FLEETCOR CHANGE CORPAY | 17,522 | 17,522 |
| REORG KARUNA | 4,431 | 4,431 |
| REORG LABORATORY CORP | 15,228 | 15,228 |
| REORG PIONEER NAT RES CO MERGER EXXON MOBIL | 41,828 | 41,828 |
| REORG SPLUNK INC | 15,083 | 15,083 |
| REORG/ ALTERYX INC | 3,820 | 3,820 |
| REORG/COOPER COS EXCHANGE COOPER | 13,624 | 13,624 |
| REORG/MIRATI MERGER CONTRA | 2,585 | 2,585 |
| REORG/QIAGEN EXCHANGE | 8,947 | 8,947 |
| REPLIGEN CORP | 2,517 | 2,517 |
| REPUBLIC SVCS INC COM | 6,552,864 | 6,552,864 |
| RESMED INC COM | 19,094 | 19,094 |
| REVVITY INC | 11,259 | 11,259 |
| REXEL | 183,327 | 183,327 |
| REXFORD INDL RLTY INC COM | 12,959 | 12,959 |
| REYNOLDS CONSUMER PRODS INC | 5,019 | 5,019 |
| RIKEN TECHNOS CORP NPV | 182,426 | 182,426 |
| RION CO LTD NPV | 67,471 | 67,471 |
| RIVIAN AUTOMOTIVE INC | 8,915 | 8,915 |
| ROBINHOOD MKTS INC CL A COM CL A | 2,128 | 2,128 |
| ROBLOX CORP COM CL A | 11,019 | 11,019 |
| ROCKWELL AUTOMATION | 21,734 | 21,734 |
| ROKU INC COM CL A COM CL A | 7,608 | 7,608 |
| ROLLINS INC | 11,398 | 11,398 |
| ROPER TECHNOLOGIES INC | 22,897 | 22,897 |
| ROSS STORES INC | 27,124 | 27,124 |
| ROTTNEROS AB NPV | 74,362 | 74,362 |
| ROYAL CARIBBEAN GROUP | 20,200 | 20,200 |
| ROYAL GOLD INC | 7,016 | 7,016 |
| ROYALTY PHARMA PLC COM CLASS A | 10,646 | 10,646 |
| RPM INTL INC | 17,972 | 17,972 |
| RTX CORPORATION COMSTK | 83,467 | 83,467 |
| RUBIS (POST SPLIT) | 106,875 | 106,875 |
| RYAN SPECIALTY HOLDINGS INC CL A COM CL A | 2,366 | 2,366 |
| RYDER SYS INC | 7,134 | 7,134 |
| S FOODS INC NPV | 112,186 | 112,186 |
| S&P GLOBAL INC | 71,805 | 71,805 |
| S.W. AIRL CO COM | 5,112 | 5,112 |
| SAIA INC | 3,068 | 3,068 |
| SAINSBURY(J) ORD | 210,236 | 210,236 |
| SAKAI HEAVY INDS | 89,225 | 89,225 |
| SALESFORCE INC | 145,780 | 145,780 |
| SAREPTA THERAPEUTICS INC | 4,339 | 4,339 |
| SBA COMMUNICATIONS CORP | 20,803 | 20,803 |
| SCANDI STANDARD AB NPV | 108,977 | 108,977 |
| SCHLUMBERGER LTD COM COM | 57,556 | 57,556 |
| SCHWAB CHARLES CORP COM | 59,581 | 59,581 |
| SCIENCE APPLICATIONS INTL CORP | 8,454 | 8,454 |
| SCOTTS MIRACLE-GRO CLASS'A'COM | 3,889 | 3,889 |
| SEALED AIR CORP NEW | 3,323 | 3,323 |
| SECURITAS SER'B'NPV | 139,880 | 139,880 |
| SEI INVTS CO COM | 8,262 | 8,262 |
| SEINO HOLDINGS NPV | 215,347 | 215,347 |
| SEMPRA COM | 25,857 | 25,857 |
| SENSATA TECHNOLOGIES B V HOLDING | 8,716 | 8,716 |
| SENTINELONE INC CL A COM CL A COM | 5,570 | 5,570 |
| SERCO GROUP PLC | 115,928 | 115,928 |
| SERVICE CORP INTL COM | 17,386 | 17,386 |
| SERVICENOW INC | 84,072 | 84,072 |
| SHERWIN-WILLIAMS CO COM | 5,210,601 | 5,210,601 |
| SHIBAURA MECHATRON NPV | 130,614 | 130,614 |
| SHINWA(WHOLESALE) NPV | 78,778 | 78,778 |
| SHOCKWAVE MED INC | 2,858 | 2,858 |
| SIGNIFY NV | 170,814 | 170,814 |
| SILGAN HLDGS INC | 4,027 | 4,027 |
| SIMON PROPERTY GROUP INC | 14,549 | 14,549 |
| SINFONIA TECH CO LTD | 141,841 | 141,841 |
| SIRIUS XM HLDGS INC | 2,998 | 2,998 |
| SITEONE LANDSCAPE SUPPLY INC | 8,938 | 8,938 |
| SKECHERS U S A INC CL A CL A | 10,598 | 10,598 |
| SKYWORKS SOLUTIONS INC | 13,490 | 13,490 |
| SLM CORP COM | 6,042 | 6,042 |
| SMARTSHEET INC CL A CL A | 5,260 | 5,260 |
| SMITH A O CORP COM | 10,223 | 10,223 |
| SMUCKER J M CO | 17,314 | 17,314 |
| SNOWFLAKE INC CL A CL A | 35,820 | 35,820 |
| SOFI TECHNOLOGIES INC | 2,149 | 2,149 |
| SOLAR A/S SER'B' | 62,015 | 62,015 |
| SONAE SGPS SA | 94,320 | 94,320 |
| SONOCO PROD CO COM | 12,794 | 12,794 |
| SOUTHERN CO | 54,273 | 54,273 |
| SOUTHN COPPER CORP DEL COM | 4,131 | 4,131 |
| SOUTHWESTERN ENERGY CO COM | 13,978 | 13,978 |
| SPAR NORD BANK AS | 113,734 | 113,734 |
| SPAREBANK 1 NORD-NORGE GRUNNFONDSBEVIS | 160,556 | 160,556 |
| SPAREBANK 1 SR BK NOK25 | 165,001 | 165,001 |
| SPECTRUM BRANDS HLDGS INC | 160 | 160 |
| SPEEDY HIRE ORD | 48,651 | 48,651 |
| SPIRIT AEROSYSTEMS HLDGS INC CL A | 8,803 | 8,803 |
| SPOTIFY TECHNOLOGY S A COM | 15,972 | 15,972 |
| SS&C TECHNOLOGIES HLDGS INC | 11,794 | 11,794 |
| SSR MNG INC | 5,961 | 5,961 |
| STANLEY BLACK & DECKER INC | 5,199 | 5,199 |
| STARBUCKS CORP COM | 64,519 | 64,519 |
| STATE STR CORP COM | 19,597 | 19,597 |
| STEEL DYNAMICS INC | 8,385 | 8,385 |
| STELCO HOLDINGS IN COM | 117,996 | 117,996 |
| STERICYCLE INC | 12,043 | 12,043 |
| STERIS PLC ORD | 16,269 | 16,269 |
| STHREE PLC ORD | 73,536 | 73,536 |
| STIFEL FINL CORP COM | 8,990 | 8,990 |
| STINGRAY GROUP INC | 98,809 | 98,809 |
| STO SE & CO. KGAA NON VTG PRF | 108,101 | 108,101 |
| STOCKLAND NPV (STAPLED) | 250,811 | 250,811 |
| STRYKER CORP | 52,106 | 52,106 |
| SUBARU ENTERPRISE NPV | 114,603 | 114,603 |
| SUMITOMO HEAVY IND NPV | 113,474 | 113,474 |
| SUN COMMUNITIES INC | 16,974 | 16,974 |
| SUNRUN INC | 5,143 | 5,143 |
| SUPER RETAIL GROUP LTD | 218,441 | 218,441 |
| SWCC CORP | 139,928 | 139,928 |
| SYDBANK | 217,535 | 217,535 |
| SYNCHRONY FINL COM | 13,825 | 13,825 |
| SYNOPSYS INC | 37,074 | 37,074 |
| SYNOVUS FINL CORP COM | 6,815 | 6,815 |
| SYSCO CORP COM | 18,209 | 18,209 |
| T ROWE PRICE GROUP INC | 17,984 | 17,984 |
| TACHIBANA ELETECH NPV | 118,859 | 118,859 |
| TANDEM DIABETES CARE INC | 3,254 | 3,254 |
| TAPESTRY INC | 3,239 | 3,239 |
| TARGA RES CORP COM | 24,584 | 24,584 |
| TARGET CORP | 38,311 | 38,311 |
| TBC BANK GROUP PLC ORD | 108,231 | 108,231 |
| TD SYNNEX CORPORATION COM | 5,165 | 5,165 |
| TECHNIPFMC PLC COM | 14,924 | 14,924 |
| TELADOC HEALTH INC | 388 | 388 |
| TELEDYNE TECHNOLOGIES INC | 23,207 | 23,207 |
| TELEKOM AUSTRIA AG NPV(BR) | 119,153 | 119,153 |
| TEMPUR SEALY INTL INC | 5,403 | 5,403 |
| TENET HEALTHCARE CORP | 5,139 | 5,139 |
| TERADATA CORP DEL | 5,961 | 5,961 |
| TERADYNE INC | 12,697 | 12,697 |
| TERASAKI ELECTRIC NPV | 51,737 | 51,737 |
| TESLA INC | 408,501 | 408,501 |
| TESSENDERLO GROUP NPV | 56,171 | 56,171 |
| TETHYS OIL AB NPV | 63,385 | 63,385 |
| TETRA TECH INC | 9,181 | 9,181 |
| TEXAS INSTRUMENTS INC | 83,184 | 83,184 |
| TEXAS PAC LD CORP COM | 12,580 | 12,580 |
| TEXTRON INC | 7,157 | 7,157 |
| TFS FINL CORP | 6,449 | 6,449 |
| THE CIGNA GROUP | 45,816 | 45,816 |
| THE TRADE DESK INC COM CL A COM CL A | 18,494 | 18,494 |
| THERMO FISHER SCIENTIFIC INC | 116,774 | 116,774 |
| THOR INDS INC | 3,075 | 3,075 |
| TJX COS INC | 65,573 | 65,573 |
| TKO GROUP HLDGS INC | 2,040 | 2,040 |
| T-MOBILE US INC | 48,420 | 48,420 |
| TOAST INC CLASS A | 4,894 | 4,894 |
| TOKAI CORP(GIFU) NPV | 111,186 | 111,186 |
| TOMOKU CO LTD NPV | 44,206 | 44,206 |
| TOPBUILD CORP COM | 8,608 | 8,608 |
| TORO CO COM | 9,503 | 9,503 |
| TOSEI CORPORATION NPV | 116,154 | 116,154 |
| TP ICAP GROUP PLC ORD | 54,773 | 54,773 |
| TRACTOR SUPPLY CO COM | 17,632 | 17,632 |
| TRADEWEB MKTS INC CL A CL A | 8,906 | 8,906 |
| TRANE TECHNOLOGIES PLC COM | 32,195 | 32,195 |
| TRANSCOSMOS INC NPV | 102,653 | 102,653 |
| TRANSDIGM GROUP INC | 42,487 | 42,487 |
| TRANSUNION COM | 10,032 | 10,032 |
| TRAVEL + LEISURE CO COM | 4,378 | 4,378 |
| TRAVELERS COS INC | 16,001 | 16,001 |
| TREX CO INC | 3,974 | 3,974 |
| TRIPADVISOR INC | 4,328 | 4,328 |
| TRUIST FINL CORP COM | 17,795 | 17,795 |
| TSUGAMI CORP NPV | 71,531 | 71,531 |
| TWILIO INC CL A CL A | 8,270 | 8,270 |
| TYLER TECHNOLOGIES INC | 7,108 | 7,108 |
| TYSON FOODS INC CL A COM | 16,179 | 16,179 |
| UBER TECHNOLOGIES INC | 69,697 | 69,697 |
| UDR INC | 13,172 | 13,172 |
| UGI CORP | 6,470 | 6,470 |
| U-HAUL HOLDING | 1,268 | 1,268 |
| UIPATH INC CL A CL A | 4,993 | 4,993 |
| ULTA BEAUTY INC | 17,150 | 17,150 |
| ULTRAGENYX PHARMACEUTICAL INC | 1,339 | 1,339 |
| UMS HLDGS LTD NPV | 126,473 | 126,473 |
| UNION PAC CORP COM | 76,879 | 76,879 |
| UNITED AIRLINES HOLDINGS INC | 10,480 | 10,480 |
| UNITED INTERNET AG NPV(REGD) | 185,793 | 185,793 |
| UNITED LABORATORIE | 166,979 | 166,979 |
| UNITED PARCEL SVC INC CL B | 61,320 | 61,320 |
| UNITED RENTALS INC | 22,937 | 22,937 |
| UNITED STS STL CORP | 6,325 | 6,325 |
| UNITED THERAPEUTICS CORP DEL | 9,675 | 9,675 |
| UNITEDHEALTH GROUP INC | 281,135 | 281,135 |
| UNITY SOFTWARE INC | 6,706 | 6,706 |
| UNIVERSAL DISPLAY CORP COM | 2,869 | 2,869 |
| UNUM GROUP | 6,286 | 6,286 |
| US BANCORP | 44,016 | 44,016 |
| US FOODS HLDG CORP COM | 8,719 | 8,719 |
| V F CORP COM | 11,017 | 11,017 |
| VALERO ENERGY CORP | 37,050 | 37,050 |
| VALIANT HOLDING AG | 147,353 | 147,353 |
| VALMET OYJ NPV | 178,823 | 178,823 |
| VALMONT INDS INC | 6,071 | 6,071 |
| VALVOLINE INC | 8,343 | 8,343 |
| VEEVA SYS INC CL A COM CL A COM | 18,674 | 18,674 |
| VENTAS INC REIT | 14,304 | 14,304 |
| VERALLIA | 188,690 | 188,690 |
| VERALTO CORP COM | 9,295 | 9,295 |
| VERISIGN INC | 14,417 | 14,417 |
| VERISK ANALYTICS INC | 25,558 | 25,558 |
| VERIZON COMMUNICATIONS COM | 101,488 | 101,488 |
| VERTEX PHARMACEUTICALS INC | 61,034 | 61,034 |
| VERTIV HOLDINGS LLC | 8,789 | 8,789 |
| VERTU MOTORS PLC ORD | 166,630 | 166,630 |
| VESTIS CORP COM | 2,664 | 2,664 |
| VESUVIUS PLC ORD | 128,208 | 128,208 |
| VETROPACK HOLDING SA -A | 92,913 | 92,913 |
| VIASAT INC | 727 | 727 |
| VIATRIS INC | 12,790 | 12,790 |
| VICI PPTYS INC | 13,294 | 13,294 |
| VIENNA INS GRP AG NPV (BR) | 146,366 | 146,366 |
| VIRGIN MONEY UK PLC ORD | 108,175 | 108,175 |
| VIRTU FINL INC CL A CL A | 5,106 | 5,106 |
| VISA INC CL A | 240,303 | 240,303 |
| VISTRA CORP COM | 15,061 | 15,061 |
| VONTIER CORP COM WI | 2,626 | 2,626 |
| VORNADO RLTY TR COM | 2,514 | 2,514 |
| VOYA FINL INC | 11,455 | 11,455 |
| VSTECS HOLDINGS LT | 65,364 | 65,364 |
| VULCAN MATERIALS CO COM | 17,253 | 17,253 |
| WABTEC CORP COM | 11,929 | 11,929 |
| WACKER NEUSON SE(REGD) | 94,803 | 94,803 |
| WALGREENS BOOTS ALLIANCE INC | 19,165 | 19,165 |
| WALMART INC | 125,332 | 125,332 |
| WALT DISNEY CO | 91,554 | 91,554 |
| WARABEYA NICHIYO HOLDINGS CO L | 143,336 | 143,336 |
| WARNER BROS DISCOVERY INC | 15,966 | 15,966 |
| WASTE MGMT INC DEL | 54,984 | 54,984 |
| WATERS CORP COM | 16,132 | 16,132 |
| WATSCO INC | 14,140 | 14,140 |
| WAYFAIR INC CL A CL A | 4,751 | 4,751 |
| WEC ENERGY GROUP INC | 16,161 | 16,161 |
| WELLS FARGO & CO | 108,678 | 108,678 |
| WELLTOWER INC REIT | 30,117 | 30,117 |
| WENDYS CO COM | 4,169 | 4,169 |
| WERELDHAVE NV | 130,981 | 130,981 |
| WESCO INTL INC | 3,478 | 3,478 |
| WEST PHARMACEUTICAL SVCS INC | 10,564 | 10,564 |
| WESTERN ALLIANCE BANCORPORATION COM | 4,079 | 4,079 |
| WESTERN FOREST PRO NPV | 34,945 | 34,945 |
| WESTERN UNION CO | 6,735 | 6,735 |
| WESTLAKE CORPORATION COM | 8,398 | 8,398 |
| WESTN DIGITAL CORP COM | 10,579 | 10,579 |
| WESTROCK CO COM | 10,588 | 10,588 |
| WEX INC | 5,253 | 5,253 |
| WEYERHAEUSER CO COM | 15,890 | 15,890 |
| WHIRLPOOL CORP COM | 8,159 | 8,159 |
| WHITECAP RESOURCES INC | 89,467 | 89,467 |
| WILLIAMS CO INC | 36,676 | 36,676 |
| WILLIAMS SONOMA INC | 8,071 | 8,071 |
| WILLIS TOWERS WATSON PLC | 22,673 | 22,673 |
| WILLSCOT MOBILE MINI HLDGS CORP COM | 8,010 | 8,010 |
| WINCANTON ORD | 95,059 | 95,059 |
| WINGSTOP INC | 3,336 | 3,336 |
| WK KELLOGG CO COM | 1,459 | 1,459 |
| WOLFSPEED INC | 6,788 | 6,788 |
| WOODWARD INC | 4,765 | 4,765 |
| WORKDAY INC CL A COM | 31,747 | 31,747 |
| WUSTENROT & WURTTE NPV | 66,312 | 66,312 |
| WYNDHAM HOTELS & RESORTS INC | 13,107 | 13,107 |
| WYNN RESORTS LTD COM | 6,195 | 6,195 |
| XCEL ENERGY INC | 27,488 | 27,488 |
| XP INC | 5,709 | 5,709 |
| XPO INC | 4,993 | 4,993 |
| XYLEM INC | 8,348 | 8,348 |
| YAMABIKO CORPO NPV | 90,197 | 90,197 |
| YAMAGUCHI FINANCIA NPV | 89,623 | 89,623 |
| YAMAICHI ELECTRONI NPV | 102,993 | 102,993 |
| YUASA TRADING CO NPV | 117,676 | 117,676 |
| YUM BRANDS INC | 27,831 | 27,831 |
| ZEBRA TECHNOLOGIES CORP CL A | 7,107 | 7,107 |
| ZEHNDER GROUP CHF0.05 (REGD) 'A' | 76,279 | 76,279 |
| ZIGUP PLC | 138,554 | 138,554 |
| ZILLOW GROUP INC | 7,059 | 7,059 |
| ZIMMER BIOMET HLDGS INC | 19,350 | 19,350 |
| ZIONS BANCORPORATION N A | 395 | 395 |
| ZOETIS INC | 53,290 | 53,290 |
| ZOOM VIDEO COMMUNICATIONS INC CL A CL A | 10,355 | 10,355 |
| ZOOMINFO TECHNOLOGIES INC | 3,883 | 3,883 |
| ZSCALER INC | 12,850 | 12,850 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| INVESTMENT FUND MACF - 52041 | FMV | 6,951,353 | 6,951,353 |
| INVESTMENT FUND MACF - 50942 | FMV | 9,989,512 | 9,989,512 |
| INVESTMENT FUND MACF - 19965 | FMV | 113,331,682 | 113,331,682 |
| INVESTMENT FUND MACF - 46529 | FMV | 922,740 | 922,740 |
| INVESTMENT FUND MACF - 52039 | FMV | 12,408,653 | 12,408,653 |
| INVESTMENT FUND MACF - 49534 | FMV | 28,005,219 | 28,005,219 |
| INVESTMENT FUND MACF - 57061 | FMV | 19,011,637 | 19,011,637 |
| INVESTMENT FUND MACF - 31136 | FMV | 3,026,467 | 3,026,467 |
| INVESTMENT FUND MACF - 85877 | FMV | 2,871,782 | 2,871,782 |
| INVESTMENT FUND MACF - 25484 | FMV | 4,266,377 | 4,266,377 |
| INVESTMENT FUND MACF - 27693 | FMV | 27,628,935 | 27,628,935 |
| INVESTMENT FUND MACF - 79003 | FMV | 18,515,715 | 18,515,715 |
| INVESTMENT FUND MACF - 72591 | FMV | 6,497,477 | 6,497,477 |
| INVESTMENT FUND MACF - 30556 | FMV | 30,256,642 | 30,256,642 |
| INVESTMENT FUND MACF - 79004 | FMV | 11,587,656 | 11,587,656 |
| INVESTMENT FUND MACF - 82026 | FMV | 551,220 | 551,220 |
| INVESTMENT FUND MACF - 85416 | FMV | 7,370,225 | 7,370,225 |
| INVESTMENT FUND MACF - 73082 | FMV | 5,874,140 | 5,874,140 |
| INVESTMENT FUND MACF - 66580 | FMV | 13,197,784 | 13,197,784 |
| INVESTMENT FUND MACF - 51394 | FMV | 2,708,628 | 2,708,628 |
| INVESTMENT FUND MACF - 25342 | FMV | 13,428,214 | 13,428,214 |
| INVESTMENT FUND MACF - 76690 | FMV | 2,351,588 | 2,351,588 |
| INVESTMENT FUND MACF - 20122 | FMV | 15,627,138 | 15,627,138 |
| INVESTMENT FUND MACF - 67369 | FMV | 6,561,597 | 6,561,597 |
| INVESTMENT FUND MACF - 92942 | FMV | 14,485,848 | 14,485,848 |
| INVESTMENT FUND MACF - 74682 | FMV | 8,301,115 | 8,301,115 |
| INVESTMENT FUND MACF - 73009 | FMV | 587,407 | 587,407 |
| INVESTMENT FUND MACF - 23828 | FMV | 24,254,976 | 24,254,976 |
| INVESTMENT FUND MACF - 79623 | FMV | 15,947,975 | 15,947,975 |
| INVESTMENT FUND MACF - 56137 | FMV | 5,029,601 | 5,029,601 |
| INVESTMENT FUND MACF - 79005 | FMV | 3,605,608 | 3,605,608 |
| INVESTMENT FUND MACF - 25895 | FMV | 7,116,818 | 7,116,818 |
| INVESTMENT FUND MACF - 56699 | FMV | 578,728 | 578,728 |
| INVESTMENT FUND MACF - 56265 | FMV | 7,175,937 | 7,175,937 |
| INVESTMENT FUND MACF - 22770 | FMV | 8,041,705 | 8,041,705 |
| INVESTMENT FUND MACF - 41826 | FMV | 2,337,167 | 2,337,167 |
| INVESTMENT FUND MACF - 84291 | FMV | 5,137,903 | 5,137,903 |
| INVESTMENT FUND MACF - 52416 | FMV | 699,250 | 699,250 |
| INVESTMENT FUND MACF - 85776 | FMV | 11,142,735 | 11,142,735 |
| INVESTMENT FUND MACF - 34717 | FMV | 3,031,505 | 3,031,505 |
| INVESTMENT FUND MACF - 71806 | FMV | 8,324,797 | 8,324,797 |
| INVESTMENT FUND MACF - 39543 | FMV | 10,890,652 | 10,890,652 |
| INVESTMENT FUND MACF - 79007 | FMV | 12,269,549 | 12,269,549 |
| INVESTMENT FUND MACF - 90803 | FMV | 1,434,410 | 1,434,410 |
| INVESTMENT FUND MACF - 43966 | FMV | 3,425,750 | 3,425,750 |
| INVESTMENT FUND MACF - 23897 | FMV | 5,764,448 | 5,764,448 |
| INVESTMENT FUND MACF - 24648 | FMV | 15,779,671 | 15,779,671 |
| INVESTMENT FUND MACF - 46530 | FMV | 6,759,032 | 6,759,032 |
| INVESTMENT FUND MACF - 51210 | FMV | 4,701,033 | 4,701,033 |
| INVESTMENT FUND MACF - 77943 | FMV | 8,938,983 | 8,938,983 |
| INVESTMENT FUND MACF - 77486 | FMV | 10,834,922 | 10,834,922 |
| INVESTMENT FUND MACF - 77487 | FMV | 5,118,280 | 5,118,280 |
| INVESTMENT FUND MACF - 71939 | FMV | 4,812,443 | 4,812,443 |
| INVESTMENT FUND MACF - 21702 | FMV | 1,132,171 | 1,132,171 |
| INVESTMENT FUND MACF - 92842 | FMV | 3,911,500 | 3,911,500 |
| INVESTMENT FUND MACF - 76524 | FMV | 6,232,176 | 6,232,176 |
| INVESTMENT FUND MACF - 76534 | FMV | 499,459 | 499,459 |
| INVESTMENT FUND MACF - 34147 | FMV | 8,198,651 | 8,198,651 |
| INVESTMENT FUND MACF - 76533 | FMV | 14,966,878 | 14,966,878 |
| INVESTMENT FUND MACF - 34004 | FMV | 7,791,090 | 7,791,090 |
| INVESTMENT FUND MACF - 20635 | FMV | 2,479,508 | 2,479,508 |
| INVESTMENT FUND MACF - 18753 | FMV | 2,855,808 | 2,855,808 |
| INVESTMENT FUND MACF - 93653 | FMV | 11,738,459 | 11,738,459 |
| INVESTMENT FUND MACF - 35691 | FMV | 6,707,667 | 6,707,667 |
| INVESTMENT FUND MACF - 87775 | FMV | 1,388,810 | 1,388,810 |
| INVESTMENT FUND MACF - 46835 | FMV | 2,199,588 | 2,199,588 |
| INVESTMENT FUND MACF - 10073 | FMV | 9,461,131 | 9,461,131 |
| INVESTMENT FUND MACF - 36414 | FMV | 16,274,691 | 16,274,691 |
| INVESTMENT FUND MACF - 76526 | FMV | 14,607,889 | 14,607,889 |
| INVESTMENT FUND MACF - 48686 | FMV | 8,484,817 | 8,484,817 |
| INVESTMENT FUND MACF - 30911 | FMV | 2,043,184 | 2,043,184 |
| INVESTMENT FUND MACF - 17819 | FMV | 5,720,674 | 5,720,674 |
| INVESTMENT FUND MACF - 68309 | FMV | 12,127,063 | 12,127,063 |
| INVESTMENT FUND MACF - 31367 | FMV | 1,747,722 | 1,747,722 |
| INVESTMENT FUND MACF - 11070 | FMV | 1,195,256 | 1,195,256 |
| INVESTMENT FUND MACF - 26137 | FMV | 14,353,577 | 14,353,577 |
| INVESTMENT FUND MACF - 45829 | FMV | 8,885,163 | 8,885,163 |
| INVESTMENT FUND MACF - 40646 | FMV | 5,567,078 | 5,567,078 |
| INVESTMENT FUND MACF - 69488 | FMV | 2,115,748 | 2,115,748 |
| INVESTMENT FUND MACF - 18293 | FMV | 3,022,508 | 3,022,508 |
| INVESTMENT FUND MACF - 60967 | FMV | 6,435,986 | 6,435,986 |
| INVESTMENT FUND MACF - 76538 | FMV | 7,904,392 | 7,904,392 |
| INVESTMENT FUND MACF - 62777 | FMV | 2,105,005 | 2,105,005 |
| INVESTMENT FUND MACF - 92529 | FMV | 243,570 | 243,570 |
| INVESTMENT FUND MACF - 73081 | FMV | 4,391,010 | 4,391,010 |
| INVESTMENT FUND MACF - 18802 | FMV | 10,219,530 | 10,219,530 |
| INVESTMENT FUND MACF - 49379 | FMV | 5,596,487 | 5,596,487 |
| INVESTMENT FUND MACF - 92399 | FMV | 3,585,191 | 3,585,191 |
| INVESTMENT FUND MACF - 65362 | FMV | 7,311,372 | 7,311,372 |
| INVESTMENT FUND MACF - 57978 | FMV | 2,120,787 | 2,120,787 |
| INVESTMENT FUND MACF - 76210 | FMV | 6,523,931 | 6,523,931 |
| INVESTMENT FUND MACF - 13315 | FMV | 9,801,895 | 9,801,895 |
| INVESTMENT FUND MACF - 70072 | FMV | 20,782,632 | 20,782,632 |
| INVESTMENT FUND MACF - 69389 | FMV | 4,928,931 | 4,928,931 |
| INVESTMENT FUND MACF - 99358 | FMV | 856,755 | 856,755 |
| INVESTMENT FUND MACF - 58511 | FMV | 8,714,438 | 8,714,438 |
| INVESTMENT FUND MACF - 37441 | FMV | 1,330,487 | 1,330,487 |
| INVESTMENT FUND MACF - 83861 | FMV | 4,172,032 | 4,172,032 |
| INVESTMENT FUND MACF - 47839 | FMV | 1 | 1 |
| INVESTMENT FUND MACF - 28741 | FMV | 5,965,936 | 5,965,936 |
| INVESTMENT FUND MACF - 78462 | FMV | 8,450,651 | 8,450,651 |
| INVESTMENT FUND MACF - 74092 | FMV | 1,184,102 | 1,184,102 |
| INVESTMENT FUND MACF - 68694 | FMV | 18,306,621 | 18,306,621 |
| INVESTMENT FUND MACF - 95800 | FMV | 16,379,921 | 16,379,921 |
| INVESTMENT FUND MACF - 70066 | FMV | 12,593,636 | 12,593,636 |
| INVESTMENT FUND MACF - 31521 | FMV | 4,008,299 | 4,008,299 |
| INVESTMENT FUND MACF - 78311 | FMV | 4,252,105 | 4,252,105 |
| INVESTMENT FUND MACF - 59079 | FMV | 3,678,826 | 3,678,826 |
| INVESTMENT FUND MACF - 74036 | FMV | 8,033,544 | 8,033,544 |
| INVESTMENT FUND MACF - 14461 | FMV | 4,966,556 | 4,966,556 |
| INVESTMENT FUND MACF - 56808 | FMV | 3,045,811 | 3,045,811 |
| INVESTMENT FUND MACF - 84829 | FMV | 1,586,686 | 1,586,686 |
| INVESTMENT FUND MACF - 12798 | FMV | 1,808,948 | 1,808,948 |
| INVESTMENT FUND MACF - 21958 | FMV | 1,211,910 | 1,211,910 |
| INVESTMENT FUND MACF - 74805 | FMV | 3,575,666 | 3,575,666 |
| INVESTMENT FUND MACF - 22940 | FMV | 6,252,417 | 6,252,417 |
| INVESTMENT FUND MACF - 52332 | FMV | 8,979,890 | 8,979,890 |
| INVESTMENT FUND MACF - 78663 | FMV | 3,120,725 | 3,120,725 |
| INVESTMENT FUND MACF - 28178 | FMV | 4,744,098 | 4,744,098 |
| INVESTMENT FUND MACF - 74035 | FMV | 7,493,286 | 7,493,286 |
| INVESTMENT FUND MACF - 95614 | FMV | 4,350,492 | 4,350,492 |
| INVESTMENT FUND MACF - 84843 | FMV | 734,002 | 734,002 |
| INVESTMENT FUND MACF - 93922 | FMV | 1,816,573 | 1,816,573 |
| INVESTMENT FUND MACF - 11290 | FMV | 8,392,988 | 8,392,988 |
| INVESTMENT FUND MACF - 85467 | FMV | 35,208,053 | 35,208,053 |
| INVESTMENT FUND MACF - 71908 | FMV | 2,599 | 2,599 |
| INVESTMENT FUND MACF - 81244 | FMV | 5,154,533 | 5,154,533 |
| INVESTMENT FUND MACF - 61935 | FMV | 10,034,178 | 10,034,178 |
| INVESTMENT FUND MACF - 56144 | FMV | 4,879,078 | 4,879,078 |
| INVESTMENT FUND MACF - 20896 | FMV | 9,177,365 | 9,177,365 |
| INVESTMENT FUND MACF - 12980 | FMV | 672,336 | 672,336 |
| INVESTMENT FUND MACF - 80835 | FMV | 7,840,709 | 7,840,709 |
| INVESTMENT FUND MACF - 66937 | FMV | 5,461,596 | 5,461,596 |
| INVESTMENT FUND MACF - 71506 | FMV | 6,264,749 | 6,264,749 |
| INVESTMENT FUND MACF - 68936 | FMV | 6,581,563 | 6,581,563 |
| INVESTMENT FUND MACF - 28188 | FMV | 12,380,712 | 12,380,712 |
| INVESTMENT FUND MACF - 84682 | FMV | 1,529,180 | 1,529,180 |
| INVESTMENT FUND MACF - 42486 | FMV | 8,294,022 | 8,294,022 |
| INVESTMENT FUND MACF - 63767 | FMV | 14,308,244 | 14,308,244 |
| INVESTMENT FUND MACF - 47323 | FMV | 4,040,259 | 4,040,259 |
| INVESTMENT FUND MACF - 31315 | FMV | 1,306,470 | 1,306,470 |
| INVESTMENT FUND MACF - 23311 | FMV | 148,616 | 148,616 |
| INVESTMENT FUND MACF - 79492 | FMV | 10,480 | 10,480 |
| INVESTMENT FUND MACF - 52795 | FMV | 12,814,842 | 12,814,842 |
| INVESTMENT FUND MACF - 82874 | FMV | 3,161,482 | 3,161,482 |
| INVESTMENT FUND MACF - 18199 | FMV | 10,674,019 | 10,674,019 |
| INVESTMENT FUND MACF - 68406 | FMV | 5,669,256 | 5,669,256 |
| INVESTMENT FUND MACF - 39777 | FMV | 6,178,473 | 6,178,473 |
| INVESTMENT FUND MACF - 27771 | FMV | 6,979,938 | 6,979,938 |
| INVESTMENT FUND MACF - 41336 | FMV | 295,359 | 295,359 |
| INVESTMENT FUND MACF - 74068 | FMV | 4,473,212 | 4,473,212 |
| INVESTMENT FUND MACF - 39858 | FMV | 12,684,253 | 12,684,253 |
| INVESTMENT FUND MACF - 41727 | FMV | 3,966,936 | 3,966,936 |
| INVESTMENT FUND MACF - 46052 | FMV | 8,559,364 | 8,559,364 |
| INVESTMENT FUND MACF - 68394 | FMV | 8,626,704 | 8,626,704 |
| INVESTMENT FUND MACF - 67227 | FMV | 6,516,703 | 6,516,703 |
| INVESTMENT FUND MACF - 61514 | FMV | 10,581,790 | 10,581,790 |
| INVESTMENT FUND MACF - 79495 | FMV | 4,422,520 | 4,422,520 |
| INVESTMENT FUND MACF - 34135 | FMV | 68,090 | 68,090 |
| INVESTMENT FUND MACF - 71630 | FMV | 1,622,131 | 1,622,131 |
| INVESTMENT FUND MACF - 77067 | FMV | 1,476,665 | 1,476,665 |
| INVESTMENT FUND MACF - 20294 | FMV | 5,677,700 | 5,677,700 |
| INVESTMENT FUND MACF - 67535 | FMV | 12,005,855 | 12,005,855 |
| INVESTMENT FUND MACF - 60262 | FMV | 6,690,441 | 6,690,441 |
| INVESTMENT FUND MACF - 77586 | FMV | 2,733,786 | 2,733,786 |
| INVESTMENT FUND MACF - 34967 | FMV | 1,162,353 | 1,162,353 |
| INVESTMENT FUND MACF - 74494 | FMV | 1,984,586 | 1,984,586 |
| INVESTMENT FUND MACF - 84518 | FMV | 4,790,300 | 4,790,300 |
| INVESTMENT FUND MACF - 73441 | FMV | 7,910,890 | 7,910,890 |
| INVESTMENT FUND MACF - 71063 | FMV | 8,396,474 | 8,396,474 |
| INVESTMENT FUND MACF - 79954 | FMV | 5,281,336 | 5,281,336 |
| INVESTMENT FUND MACF - 36664 | FMV | 883,400 | 883,400 |
| INVESTMENT FUND MACF - 43198 | FMV | 11,281,787 | 11,281,787 |
| INVESTMENT FUND MACF - 72158 | FMV | 2,291,298 | 2,291,298 |
| INVESTMENT FUND MACF - 80813 | FMV | 7,784,510 | 7,784,510 |
| INVESTMENT FUND MACF - 44798 | FMV | 6,156,489 | 6,156,489 |
| INVESTMENT FUND MACF - 10244 | FMV | 2,124,719 | 2,124,719 |
| INVESTMENT FUND MACF - 47467 | FMV | 19,058,303 | 19,058,303 |
| INVESTMENT FUND MACF - 61163 | FMV | 4,342,883 | 4,342,883 |
| INVESTMENT FUND MACF - 32340 | FMV | 3,357,673 | 3,357,673 |
| INVESTMENT FUND MACF - 88799 | FMV | 1,451,220 | 1,451,220 |
| INVESTMENT FUND MACF - 24151 | FMV | 5,402,554 | 5,402,554 |
| INVESTMENT FUND MACF - 58125 | FMV | 7,834,789 | 7,834,789 |
| INVESTMENT FUND MACF - 94712 | FMV | 2,351,892 | 2,351,892 |
| INVESTMENT FUND MACF - 51629 | FMV | 8,857,349 | 8,857,349 |
| INVESTMENT FUND MACF - 78890 | FMV | 19,633,396 | 19,633,396 |
| INVESTMENT FUND MACF - 29295 | FMV | 27,788,682 | 27,788,682 |
| INVESTMENT FUND MACF - 77026 | FMV | 3,418,045 | 3,418,045 |
| INVESTMENT FUND MACF - 65827 | FMV | 9,017,143 | 9,017,143 |
| INVESTMENT FUND MACF - 44120 | FMV | 9,839,134 | 9,839,134 |
| INVESTMENT FUND MACF - 72640 | FMV | 6,614,418 | 6,614,418 |
| INVESTMENT FUND MACF - 32731 | FMV | 6,198,419 | 6,198,419 |
| INVESTMENT FUND MACF - 25283 | FMV | 2,052,745 | 2,052,745 |
| INVESTMENT FUND MACF - 27241 | FMV | 13,697,578 | 13,697,578 |
| INVESTMENT FUND MACF - 21378 | FMV | 25,511,694 | 25,511,694 |
| INVESTMENT FUND MACF - 44674 | FMV | 9,235,762 | 9,235,762 |
| INVESTMENT FUND MACF - 80968 | FMV | 3,470,453 | 3,470,453 |
| INVESTMENT FUND MACF - 36004 | FMV | 5,581,746 | 5,581,746 |
| INVESTMENT FUND MACF - 63525 | FMV | 1,633,186 | 1,633,186 |
| INVESTMENT FUND MACF - 62438 | FMV | 12,956,950 | 12,956,950 |
| INVESTMENT FUND MACF - 82682 | FMV | 7,659,661 | 7,659,661 |
| INVESTMENT FUND MACF - 31323 | FMV | 4,446,685 | 4,446,685 |
| INVESTMENT FUND MACF - 63217 | FMV | 1,387,806 | 1,387,806 |
| INVESTMENT FUND MACF - 48002 | FMV | 2,726,000 | 2,726,000 |
| INVESTMENT FUND MACF - 51584 | FMV | 1,212,968 | 1,212,968 |
| INVESTMENT FUND MACF - 88243 | FMV | 455,039 | 455,039 |
| INVESTMENT FUND MACF - 77944 | FMV | 666,822 | 666,822 |
| INVESTMENT FUND MACF - 45210 | FMV | 10,993,867 | 10,993,867 |
| INVESTMENT FUND MACF - 48637 | FMV | 1,208,085 | 1,208,085 |
| INVESTMENT FUND MACF - 68342 | FMV | 22,634,206 | 22,634,206 |
| INVESTMENT FUND MACF - 36752 | FMV | 21,308,782 | 21,308,782 |
| INVESTMENT FUND MACF - 67547 | FMV | 17,292,851 | 17,292,851 |
| INVESTMENT FUND MACF - 34932 | FMV | 2,097,390 | 2,097,390 |
| INVESTMENT FUND MACF - 61671 | FMV | 2,783,421 | 2,783,421 |
| INVESTMENT FUND MACF - 94193 | FMV | 1,278,861 | 1,278,861 |
| INVESTMENT FUND MACF - 57337 | FMV | 13,301,854 | 13,301,854 |
| INVESTMENT FUND MACF - 18122 | FMV | 2,455,700 | 2,455,700 |
| INVESTMENT FUND MACF - 23636 | FMV | 7,044,309 | 7,044,309 |
| INVESTMENT FUND MACF - 27386 | FMV | 5,029,180 | 5,029,180 |
| INVESTMENT FUND MACF - 17509 | FMV | 406,201 | 406,201 |
| INVESTMENT FUND MACF - 22267 | FMV | 3,133,199 | 3,133,199 |
| INVESTMENT FUND MACF - 58398 | FMV | 911,108 | 911,108 |
| INVESTMENT FUND MACF - 62303 | FMV | 44,677,503 | 44,677,503 |
| INVESTMENT FUND MACF - 15905 | FMV | 22,799,191 | 22,799,191 |
| INVESTMENT FUND MACF - 18513 | FMV | 147,219,824 | 147,219,824 |
| INVESTMENT FUND MACF - 75672 | FMV | 3,517,046 | 3,517,046 |
| INVESTMENT FUND MACF - 89377 | FMV | 2,803,202 | 2,803,202 |
| INVESTMENT FUND MACF - 84051 | FMV | 4,445,640 | 4,445,640 |
| INVESTMENT FUND MACF - 12095 | FMV | 6,241,477 | 6,241,477 |
| INVESTMENT FUND MACF - 91143 | FMV | 17,399,817 | 17,399,817 |
| INVESTMENT FUND MACF - 54677 | FMV | 13,843,677 | 13,843,677 |
| INVESTMENT FUND MACF - 65172 | FMV | 30,618,288 | 30,618,288 |
| INVESTMENT FUND MACF - 14835 | FMV | 11,511,522 | 11,511,522 |
| INVESTMENT FUND MACF - 59907 | FMV | 22,343,005 | 22,343,005 |
| INVESTMENT FUND MACF - 11779 | FMV | 12,095,111 | 12,095,111 |
| INVESTMENT FUND MACF - 97767 | FMV | 10,884,051 | 10,884,051 |
| INVESTMENT FUND MACF - 13243 | FMV | 16,663,075 | 16,663,075 |
| INVESTMENT FUND MACF - 98879 | FMV | 998,592 | 998,592 |
| INVESTMENT FUND MACF - 79002 | FMV | 7,789,900 | 7,789,900 |
| INVESTMENT FUND MACF - 10150 | FMV | 3,865,121 | 3,865,121 |
| INVESTMENT FUND MACF - 17991 | FMV | 2,444,277 | 2,444,277 |
| INVESTMENT FUND MACF - 52513 | FMV | 21,615,716 | 21,615,716 |
| INVESTMENT FUND MACF - 25676 | FMV | 70,245,859 | 70,245,859 |
| INVESTMENT FUND MACF - 54980 | FMV | 22,507,823 | 22,507,823 |
| INVESTMENT FUND MACF - 96591 | FMV | 24,708,602 | 24,708,602 |
| INVESTMENT FUND MACF - 76931 | FMV | 4,356,293 | 4,356,293 |
| INVESTMENT FUND MACF - 84758 | FMV | 10,082,734 | 10,082,734 |
| INVESTMENT FUND MACF - 58216 | FMV | 30,922,178 | 30,922,178 |
| INVESTMENT FUND MACF - 52512 | FMV | 49,176,646 | 49,176,646 |
| INVESTMENT FUND MACF - 23903 | FMV | 18,690,751 | 18,690,751 |
| INVESTMENT FUND MACF - 62979 | FMV | 4,139,055 | 4,139,055 |
| INVESTMENT FUND MACF - 64361 | FMV | 9,480,531 | 9,480,531 |
| INVESTMENT FUND MACF - 70332 | FMV | 41,508,520 | 41,508,520 |
| INVESTMENT FUND MACF - 76333 | FMV | 25,725,922 | 25,725,922 |
| INVESTMENT FUND MACF - 23558 | FMV | 9,952,140 | 9,952,140 |
| INVESTMENT FUND MACF - 79900 | FMV | 26,994,552 | 26,994,552 |
| INVESTMENT FUND MACF - 55464 | FMV | 8,598,758 | 8,598,758 |
| INVESTMENT FUND MACF - 69847 | FMV | 25,921,143 | 25,921,143 |
| INVESTMENT FUND MACF - 22231 | FMV | 13,455,559 | 13,455,559 |
| INVESTMENT FUND MACF - 93647 | FMV | 10,068,498 | 10,068,498 |
| INVESTMENT FUND MACF - 38880 | FMV | 2,881,898 | 2,881,898 |
| INVESTMENT FUND MACF - 20853 | FMV | 27,595,055 | 27,595,055 |
| INVESTMENT FUND MACF - 89424 | FMV | 27,613,281 | 27,613,281 |
| INVESTMENT FUND MACF - 54491 | FMV | 24,911,113 | 24,911,113 |
| INVESTMENT FUND MACF - 17730 | FMV | 10,193,361 | 10,193,361 |
| INVESTMENT FUND MACF - 19273 | FMV | 1,871,084 | 1,871,084 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND AND IMPROVEMENTS | 6,980,140 | 1,783,099 | 5,197,041 | 5,197,041 |
| BUILDING | 50,524,517 | 19,578,250 | 30,946,267 | 30,946,267 |
| FURNITURE AND EQUIPMENT | 4,205,774 | 3,944,217 | 261,557 | 261,557 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES - OTHER | 317,745 | 0 | 315,182 | |
| LEGAL FEES - INVESTMENT | 385,223 | 385,223 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM-RELATED INVESTMENTS | 16,110,362 | 18,648,043 | 19,300,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE SUPPLIES AND EQUIPMENT | 253,058 | 42,920 | 208,618 | |
| DUES AND SUBSCRIPTIONS | 458,766 | 181,906 | 309,809 | |
| RECRUITING AND RELOCATION | 274,238 | 18,030 | 255,161 | |
| TECHNOLOGY EXPENSES | 573,500 | 102,382 | 486,030 | |
| INSURANCE | 81,848 | 14,998 | 65,922 | |
| GRANT AND PRI DISCOUNT | -1,499,741 | 0 | 0 | |
| EXPENSES FROM FLOW-THROUGH INVESTMENTS | 0 | 49,577,180 | 0 | |
| OTHER EXPENSES | 171,712 | 7,727 | 29,402 | |
| STATE UBI TAX BENEFIT | -9,767 | 0 | 0 | |
| PURCHASED SERVICES AND PROFESSIONAL DEVELOPMENT | 112,780 | 1,575 | 132,777 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME FROM INVESTMENTS | -6,041,338 | ||
| INTEREST AND OTHER INCOME FROM PRIS | 781,453 | 1,326,030 | 781,453 |
| OTHER INCOME FROM FLOW-THROUGH INVESTMENTS | 41,209,736 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN | 127,413,417 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED TAX LIABILITY | 2,377,530 | 3,751,364 |
| PAYABLE ON LINE OF CREDIT TO FUND GRANTS EXCLUSIVELY | 37,000,000 | 0 |
| POSTRETIREMENT BENEFIT LIABILITY | 8,483,817 | 10,472,160 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING - PROGRAM | 3,132,534 | 0 | 3,171,571 | |
| CONSULTING - INVESTMENT MANAGEMENT | 5,181,658 | 5,181,658 | 0 | |
| INVESTMENT COMMITTEE COMPENSATION | 41,200 | 41,200 | 0 | |
| INVESTMENT SOFTWARE | 521,387 | 521,387 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 2,577,869 | 0 | 0 | |
| OTHER TAXES | 131,297 | 0 | 0 | |
| CURRENT UBI TAX | 2,441,920 | 0 | 0 |
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| ANNE RAY FOUNDATION |
6889 ROWLAND ROAD EDEN PRAIRIE,MN55344 |
47-1036008 | EXPENSE REIMBURSEMENT (SEE STATEMENT 26) | 0 |
| Total | 30,172,447 | |||