Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE MA-RAN FOUNDATION
C/O RFA MANAGEMENT CO LLC
Number and street (or P.O. box number if mail is not delivered to street address)1908 CLIFF VALLEY WAY
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30329
A Employer identification number

58-6263945
B Telephone number (see instructions)

(404) 486-4668
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$943,560,294J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 662,557,822
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 16,408,032 16,408,032  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-6,020,438
b Gross sales price for all assets on line 6a 1,999,448
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
892,296 652,124  
12 Total. Add lines 1 through 11........ 673,837,712 17,060,156  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 133,333 0   133,333
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
57,472 57,472   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,400 0   6,400
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,511,581 1,511,581   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
99,482 6,183   10,722
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
585,940 551,763   17
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,394,208 2,126,999   150,472
25 Contributions, gifts, grants paid....... 43,584,187 43,584,187
26 Total expenses and disbursements. Add lines 24 and 25 45,978,395 2,126,999   43,734,659
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 627,859,317
b Net investment income (if negative, enter -0-) 14,933,157
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,598,720 98,005,813 98,111,149
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow480,064,466
Less: allowance for doubtful accounts right arrow0 0 480,064,466 480,323,191
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,289,698 Click to see attachment
List of Attached Documents:
// Content
80,125,470 		318,567,830
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 20,356,159 Click to see attachment
List of Attached Documents:
// Content
28,387,399 		46,558,124
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
16,820,466 		Click to see attachment
List of Attached Documents:
// Content
3,774,003 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 63,065,043 690,357,151 943,560,294
Liabilities 17 Accounts payable and accrued expenses.......... 4,411 14,035
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 4,411 14,035
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 63,060,632 690,343,116
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 63,060,632 690,343,116
30 Total liabilities and net assets/fund balances (see instructions). 63,065,043 690,357,151
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
63,060,632
2
Enter amount from Part I, line 27a .....................
2
627,859,317
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
25,069
4
Add lines 1, 2, and 3 ..........................
4
690,945,018
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
601,902
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
690,343,116
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b LOSS ON CONVERTIBLE NOTE P    
c CAPITAL GAIN FROM PASSTHROUGH P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,133,486   7,329,236 -6,195,750
b     690,650 -690,650
c 759,211     759,211
d 877     877
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -6,195,750
b       -690,650
c       759,211
d       877
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -6,126,312
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 207,571
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 207,571
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 207,571
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 43,174
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 118,174
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 363
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 89,760
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA, NY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowALIYA CARBONE Telephone no.right arrow (404) 486-4668

Located atright arrow1908 CLIFF VALLEY WAYATLANTAGA ZIP+4right arrow30329
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
AMY R KREISLER EXECUTIVE DIRECTOR
15.00 		133,333 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
MARGARET H ROLLINS TRUSTEE
1.00 		0 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
PAM ROLLINS TRUSTEE
1.00 		0 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
TIM ROLLINS TRUSTEE
1.00 		0 0 0
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
RFA MANAGEMENT CO MANAGEMENT 1,502,203
1908 CLIFF VALLEY WAY
ATLANTA,GA30329
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
278,799,844
b
Average of monthly cash balances.......................
1b
57,748,998
c
Fair market value of all other assets (see instructions)................
1c
257,004,896
d
Total (add lines 1a, b, and c).........................
1d
593,553,738
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
21,574,576
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
593,553,738
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,903,306
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
584,650,432
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
29,232,522
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
29,232,522
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
207,571
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
207,571
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
29,024,951
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
29,024,951
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
29,024,951
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
43,734,659
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
43,734,659
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 29,024,951
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 9,755,090
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 43,734,659
a Applied to 2023, but not more than line 2a 9,755,090
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 29,024,951
e Remaining amount distributed out of corpus 4,954,618
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,954,618
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,954,618
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 4,954,618
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ATLANTA HISTORY CENTER

130 WEST PACES FERRY ROAD NW
ATLANTA,GA30305 		N/A PC SWAN HOUSE BALL 4,971,236

ATLANTA RONALD MCDONALD HOUSE

795 GATEWOOD ROAD NE
ATLANTA,GA30329 		N/A PC GENERAL SUPPORT 1,669,414

ATLANTA SPEECH SCHOOL

3160 NORTHSIDE PARKWAY NW
ATLANTA,GA30327 		N/A PC GENERAL SUPPORT 2,038,595

BEEBE MEDICAL FOUNDATION

902 SAVANNAH ROAD
LEWES,DE19958 		N/A PC MAINTENANCE ENDOWMENT 1,008,064

BEN FRANKLIN ACADEMY

1585 CLIFTON ROAD NE
ATLANTA,GA30329 		N/A PC ANNUAL FUND 50,000

CAESAR KLEBERG WILDLIFE RESEARCH

1125 WEST AVENUE B JOHN HOWE
BUILDING RM 159
KINGSVILLE,TX78363 		N/A PC GENERAL SUPPORT 5,000

CHILDREN'S BEACH HOUSE INC

100 W 10TH STREET STE 411
WILMINGTON,DE198011674 		N/A PC GENERAL SUPPORT 538,388

CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION

1577 NE EXPRESSWAY SUITE A
ATLANTA,GA30329 		N/A PC GENERAL SUPPORT 50,000

EMORY UNIVERSITY

1762 CLIFTON ROAD SUITE 1400
ATLANTA,GA30322 		N/A PC GOIZUETA ALZHEIMER'S DISEASE RESEARCH CENTER 3,208,213

FIDELITY CHARITABLE

PO BOX 770001
CINCINNATI,OH45277 		N/A PC DONOR ADVISED FUND 6,000,000

GA COURT APPOINTED ADVOCATES (CASA)

1776 PEACHTREE ROAD NW SUITE 219
SOUTH TOWER
ATLANTA,GA30309 		N/A PC GENERAL SUPPORT 10,000

GEORGE WEST MENTAL HEALTH FOUNDATION INC

1961 N DRUID HILLS RD NE
BROOKHAVEN,GA30329 		N/A PC GENERAL SUPPORT 7,511,586

LEWES FIRE DEPARTMENT

PO BOX 225
LEWES,GA19958 		N/A PC GENERAL SUPPORT 5,000

LEWES HISTORICAL SOCIETY

110 SHIPCARPENTER STREET
LEWES,DE19958 		N/A PC LEWES HISTORY MUSEUM CAMPAIGN 500,000

LEWES IN BLOOM INC

PO BOX 308
LEWES,DE19958 		N/A PC GENERAL SUPPORT 500

LIFT YOUTH CENTER

7793 NASHVILLE STREET
RINGGOLD,GA30736 		N/A PC GENERAL SUPPORT 5,031,945

LOVETT SCHOOL

4075 PACES FERRY ROAD NW
ATLANTA,GA30327 		N/A PC GENERAL SUPPORT 6,050,000

PATH FOUNDATION

PO BOX 14327
ATLANTA,GA30324 		N/A PC GENERAL SUPPORT 20,000

PEACHTREE RD UNITED METHODIST CHURCH

3180 PEACHTREE ROAD NW
ATLANTA,GA30324 		N/A PC ANNUAL FUND 551,310

ROLLINS CHILD DEVELOPMENT CENTER (TRCDC)

678 HENDERSON DRIVE
CARTERSVILLE,GA30120 		N/A PC EDUCATION 4,223,936

ROLLINS EMPLOYEE RELIEF

2170 PIEDMONT ROAD NW
ATLANTA,GA30324 		N/A PC GENERAL SUPPORT 20,000

SCHENCK SCHOOL

282 MT PARAN ROAD
ATLANTA,GA30327 		N/A PC GENERAL SUPPORT 50,000

UNITED WAY OF GREATER ATLANTA

100 EDGEWOOD AVENUE NE
ATLANTA,GA30303 		N/A PC GENERAL SUPPORT 56,000

VISITING NURSE HEALTH SYSTEM

5775 GLENRIDGE DRIVE NE SUITE E200
ATLANTA,GA30328 		N/A PC GENERAL SUPPORT 15,000
Total .................................right arrow 3a 43,584,187
bApproved for future payment

ATLANTA BOTANICAL GARDEN
1345 PIEDMONT AVE NE
ATLANTA,GA30309 		N/A PC CAPITAL CAMPAIGN 10,000,000

FERNBANK MUSEUM OF NATURAL HISTORY
767 CLIFTON ROAD NE
ATLANTA,GA30307 		N/A PC CAPITAL CAMPAIGN 3,000,000

NORTHSIDE YOUTH ORGANIZATION
PO BOX 420486
ATLANTA,GA30342 		N/A PC CAPITAL CAMPAIGN 1,000,000
Total ................................. right arrow 3b 14,000,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 16,408,032  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 523000 187,171 14 652,124  
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 105,874 18 -6,126,312  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFEDERAL TAX REFUND 		    01 53,001  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 293,045 10,986,845 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,279,890
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE MA-RAN FOUNDATION
C/O RFA MANAGEMENT CO LLC
Employer identification number

58-6263945
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE MA-RAN FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number
58-6263945
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
R RANDALL ROLLINS 2012 TRUST
 
1908 CLIFF VALLEY WAY
 
ATLANTA, GA30329

$ 662,557,823


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE MA-RAN FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number

58-6263945
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 101,034 SHRS ROLLINS INC COM $ 4,666,760 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1,404,028 SHRS RPC INC COM $ 9,519,309 2024-05-28
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 NOTE RECEIVABLE $ 18,984,437 2024-08-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 NOTE RECEIVABLE $ 501,085,401 2024-08-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE MA-RAN FOUNDATION
C/O RFA MANAGEMENT CO LLC 		Employer identification number

58-6263945
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREP AND TAX COMPLIANCE FEES 6,400 0   6,400

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 GainLossSaleOtherAssetsSch
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CAPITAL GAIN FROM PASSTHROUGH   PURCHASED     105,874   COST 0 105,874  

TY 2024 InvestmentsCorpStockSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Name of Stock End of Year Book Value End of Year Fair Market Value
5,413,068 SHS ROLLINS INC COM 8,955,850 242,170,824
5,695 SHS MASTERCARD INC 248,048 251,174
455,251 SHS RPC INC 4,837,657 11,044,117
CNH INDUSTRIAL NV COM STK 10,601 10,956
ADR SUNRISE COMMUNICATIONS AG ADR SER A 2,218 2,111
#REORG/ BERRY GLOBAL GROUP INC MERGER AMCOR PLC 2Y19AS2 04-30-2025 10,566 10,218
#REORG/ DISCOVER FINL SVCS STOCK MERGER CAPITAL ONE FINL CORP 2108876 05-19- 34,890 36,205
#REORG/ANSYS INC MERGER SYNOPSYS INC 2851468 07-18-2025 16,787 16,867
#REORG/JUNIPER MERGER 07-02-2025 16,260 16,216
1ST INDL RLTY TR INC COM 16,146 15,403
3M CO COM 45,423 44,536
5TH 3RD BANCORP COM 15,856 14,714
ABBOTT LAB COM 116,786 113,788
ABBVIE INC COM USD0.01 183,402 183,031
ACCENTURE PLC CLS A 133,063 130,866
ACUITY INC 16,259 14,899
ADOBE INC COM 127,311 115,172
ADVANCED DRAIN SYS INC DEL COM 10,608 9,248
ADVANCED MICRO DEVICES INC COM 134,564 112,335
AECOM 5,312 5,341
AES CORP COM 5,291 3,900
AFFILIATED MANAGERS GROUP INC COM STK 16,170 15,903
AFFIRM HLDGS INC CL A CL A 11,669 11,449
AFLAC INC COM 44,320 41,790
AGILENT TECHNOLOGIES INC COM 18,311 18,439
AGREE RLTY CORP COM 16,291 15,272
AIR PROD & CHEM INC COM 45,095 41,185
AIRBNB INC CL A COM USD0.0001 CL A 40,600 40,080
AKAMAI TECHNOLOGIES INC COM STK 5,171 4,783
ALBEMARLE CORP COM 10,582 8,821
ALBERTSONS COS INC CL A CL A 10,609 10,959
ALEXANDRIA REAL ESTATE EQUITIES INC COM 21,498 19,972
ALIGN TECHNOLOGY INC COM 5,355 5,004
ALLEGION PLC COMMON STOCK 5,357 4,704
ALLIANT ENERGY CORP COM 5,301 5,204
ALLSTATE CORP COM 37,257 36,923
ALNYLAM PHARMACEUTICALS INC COM 17,514 16,472
ALPHABET INC CAPITAL STOCK USD0.001 CL A 1,089,442 1,153,784
ALTRIA GROUP INC COM 54,786 54,483
AMAZON COM INC COM 1,105,451 1,173,737
AMCOR PLC ORD USD0.01 5,303 4,413
AMDOCS ORD GBP0.01 21,339 20,805
AMER ELEC PWR CO INC COM 36,000 34,771
AMER FINL GROUP INC OH COM STK 16,081 15,747
AMEREN CORP COM 21,329 21,394
AMERICAN AIRLINES INC COM USD1 16,053 16,593
AMERICAN EXPRESS CO 95,905 98,831
AMERICAN HOMES 4 RENT COMMON STOCK 5,258 5,201
AMERICAN INTERNATIONAL GROUP INC COM 39,039 37,856
AMERICAN TOWER CORP 39,665 35,156
AMERICAN WTR WKS CO INC NEW COM 16,104 14,565
AMERIPRISE FINL INC COM 37,756 37,270
AMETEK INC NEW COM 34,827 33,709
AMGEN INC COM 92,831 82,884
AMPHENOL CORP NEW CL A 47,611 46,921
ANALOG DEVICES INC COM 63,770 61,401
ANNALY CAPITAL MANAGEMENT INC COM NEW COM USD0.01(POST REV SPLT) 5,275 5,060
AON PLC 44,306 43,458
APA CORP COM 5,223 4,479
API GROUP CORPORATION COM USD0.0001 16,073 15,395
APOLLO GLOBAL MANAGEMENT INC COM USD0.00001 52,903 54,172
APPLE INC COM STK 1,974,244 2,091,257
APPLIED MATERIALS INC COM 89,113 77,412
APPLOVIN CORP COM CL A COM CL A 41,104 50,841
APTARGROUP INC COM 5,343 5,027
APTIV PLC NEW ORD USD0.01 5,247 4,476
ARCH CAPITAL GROUP COM STK 18,902 19,024
ARCHER-DANIELS-MIDLAND CO COM 16,281 15,004
ARES MANAGEMENT LP COM SHS REPSTG LTD PARTNER 17,235 18,411
ARISTA NETWORKS INC COM NEW 61,942 66,097
ASSURANT INC COM 16,104 15,778
ASSURED GUARANTY LTD COMMON STK 10,692 10,441
AT&T INC COM 92,573 93,767
ATLASSIAN CORP CL A 16,748 18,497
ATMOS ENERGY CORP COM 5,322 5,292
AUTODESK INC COM 42,587 42,267
AUTOMATIC DATA PROCESSING INC COM 71,313 70,791
AUTOZONE INC COM 39,030 38,424
AVALONBAY CMNTYS REIT 16,712 16,404
AVANTOR INC COM 5,329 4,467
AVERY DENNISON CORP COM 5,265 4,491
AVNET INC COM 10,561 10,412
AXON ENTERPRISE INC COM 17,447 19,613
BAKER HUGHES CO 34,141 33,924
BALL CORP COM 5,316 4,466
BANK OF AMERICA CORP 177,004 173,822
BAXTER INTL INC COM 5,296 4,224
BECTON DICKINSON & CO COM 42,707 41,971
BENTLEY SYS INC CL B CL B 16,560 15,971
BERKLEY W R CORP COM 5,343 5,267
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS'B' 481,894 470,958
BEST BUY INC COM STK 5,221 4,683
BIO RAD LABORATORIES INC CL A CL A 16,364 15,767
BIOGEN INC COMMON STOCK 15,770 14,373
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010 5,277 4,930
BIO-TECHNE CORP COM 5,260 5,185
BJS WHSL CLUB HLDGS INC COM 16,280 14,742
BLACKSTONE INC COM USD0.00001 74,613 73,450
BLOCK INC 35,787 35,355
BLUE OWL CAP INC COM CL A 10,720 10,838
BOEING CO COM 62,726 72,038
BOK FINL CORP COM NEW 10,515 9,792
BOOKING HLDGS INC COM 91,118 94,400
BOOZ ALLEN HAMILTON HLDG CORP CL A COM STK 21,664 19,690
BOSTON SCIENTIFIC CORP COM 73,534 73,241
BRIGHTHOUSE FINL INC COM 5,311 5,476
BRISTOL MYERS SQUIBB CO COM 67,252 68,946
BRIXMOR PPTY GROUP INC COM 10,692 10,188
BROADCOM INC COM 513,471 608,347
BROADRIDGE FINL SOLUTIONS INC COM STK 21,434 21,046
BROWN & BROWN INC COM 15,957 14,996
BROWN-FORMAN INC CL B NON-VTG COM 5,298 4,164
BRUNSWICK CORP COM 5,273 4,139
BUILDERS FIRSTSOURCE INC COM STK 21,182 17,722
BUNGE GLOBAL SA F COMMON STOCK 5,182 4,198
BURLINGTON STORES INC COM 5,301 5,985
BWX TECHNOLOGIES INC COM 16,266 14,814
BXP INC 5,316 4,745
C H ROBINSON WORLDWIDE INC COM NEW COM NEW 5,274 4,988
CACI INTL INC CL A CL A 5,263 4,040
CADENCE DESIGN SYS INC COM 49,028 49,575
CAESARS ENTMT INC NEW COM 5,373 3,943
CAMDEN PPTY TR SH BEN INT 10,511 10,301
CAPITAL ONE FINL CORP COM 43,323 44,222
CARDINAL HLTH INC 15,925 16,084
CARLISLE COMPANIES INC COM 5,252 4,056
CARMAX INC COM 5,292 5,967
CARNIVAL CORP COM PAIRED 21,382 21,904
CARRIER GLOBAL CORPORATION COM USD0.01 WI 41,962 37,803
CARVANA CO CL A CL A 21,345 18,708
CASEYS GEN STORES INC COM 5,460 5,546
CATERPILLAR INC COM 107,886 101,210
CAVA GROUP INC COM 10,237 8,459
CBOE GLOBAL MARKETS INC 5,177 4,884
CBRE GROUP INC CL A CL A 17,917 18,380
CDW CORP COM 16,375 14,792
CELANESE CORP DEL COM STK 5,281 2,698
CENCORA INC 17,694 16,850
CENTENE CORP DEL COM 21,590 20,112
CENTERPOINT ENERGY INC COM 5,280 5,647
CF INDS HLDGS INC COM 5,233 5,118
CHARLES RIV LABORATORIES INTL INC COM 16,253 15,690
CHARTER COMMUNICATIONS INC NEW CL A CL A 16,780 15,766
CHEMED CORP NEW COM 10,682 10,065
CHENIERE ENERGY INC COM NEW 19,068 20,197
CHEVRON CORP COM 155,438 145,853
CHIPOTLE MEXICAN GRILL INC COM STK 48,075 47,455
CHORD ENERGY CORPORATION COM USD0.01 5,162 4,560
CHUBB LTD ORD CHF24.15 61,983 60,101
CHURCH & DWIGHT INC 15,998 15,601
CIENA CORP COM NEW 10,404 13,314
CIN FNCL CORP COM 16,244 16,040
CINTAS CORP COM 43,356 37,087
CISCO SYSTEMS INC 126,793 132,548
CITIGROUP INC COM NEW COM NEW 79,494 80,314
CITIZENS FINL GROUP INC COM 21,974 21,398
CLEAN HBRS INC COM 5,214 4,602
CLOROX CO COMMON STOCK USD 1 PAR 21,552 21,275
CLOUDFLARE INC COM 16,363 19,058
CME GROUP INC COM STK 52,121 54,032
CMS ENERGY CORP COM 21,370 20,994
CNA FNCL CORP COM 5,298 5,175
COCA COLA CO COM 145,106 138,652
COGNEX CORP COM 5,323 4,768
COGNIZANT TECH SOLUTIONS CORP CL A 17,781 17,763
COHERENT CORP COM 5,178 4,736
COINBASE GLOBAL INC COM CL A 37,244 33,023
COLGATE-PALMOLIVE CO COM 45,842 43,272
COLUMBIA BKG SYS INC COM 10,451 9,210
COM ALCOA CORPORATION COM USD0.01 10,478 9,028
COMCAST CORP NEW-CL A 95,244 86,468
COMFORT SYS USA INC COM 5,435 5,512
COMM BANCSHARES INC COM 10,597 9,595
CONAGRA BRANDS INC COM USD5 5,226 4,966
CONOCOPHILLIPS COM 89,096 82,013
CONS EDISON INC COM 15,801 14,276
CONSTELLATION BRANDS INC CL A CL A 18,331 16,795
CONSTELLATION ENERGY CORPORATION COM NPV WI 47,426 42,951
COPART INC COM 36,068 35,523
CORE & MAIN INC COM CL A COM CL A 16,197 15,680
CORNING INC COM 17,762 18,104
CORPAY INC COM 15,661 14,890
CORTEVA INC COM USD0.01 WI 18,730 18,796
COSTAR GROUP INC COM 17,014 16,465
COSTCO WHOLESALE CORP NEW COM 239,309 233,648
COTERRA ENERGY INC COM 5,168 5,388
COUSINS PPTYS INC 10,651 10,540
CRANE CO NEW COM 16,082 14,871
CROWDSTRIKE HLDGS INC CL A CL A 46,328 46,191
CROWN CASTLE INC COM 20,299 17,062
CROWN HLDGS INC COM 15,996 15,131
CSX CORP COM STK 41,409 38,950
CUBESMART 16,183 14,911
CULLEN / FROST BANKERS INC COM 10,564 10,202
CUMMINS INC 37,251 36,253
CURTISS WRIGHT CORP COM 5,220 5,322
CVS HEALTH CORP COM 48,176 38,290
D R HORTON INC COM 38,788 33,416
DANAHER CORP COM 93,132 87,331
DARDEN RESTAURANTS INC COM 21,651 24,270
DATADOG INC COM USD0.00001 CL A 18,131 20,432
DAYFORCE INC 10,472 10,241
DECKERS OUTDOOR CORP COM 16,097 19,090
DEERE & CO COM 60,010 61,245
DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK 17,934 15,556
DELTA AIR LINES INC DEL COM NEW COM NEW 18,715 19,420
DEVON ENERGY CORP NEW COM 15,898 12,960
DEXCOM INC COM 16,549 17,420
DIAMONDBACK ENERGY INC COM 18,941 16,710
DICKS SPORTING GOODS INC OC-COM OC-COM 5,333 5,950
DIGITAL RLTY TR INC COM 38,877 38,817
DOCUSIGN INC COM 5,214 6,834
DOLBY LABORATORIES INC CL A COM STK 16,083 15,853
DOLLAR GEN CORP NEW COM 21,117 20,698
DOLLAR TREE INC COM STK 5,153 5,694
DOMINION ENERGY INC COM STK NPV 36,031 34,631
DOMINOS PIZZA INC COM 10,781 10,073
DONALDSON INC COM 10,518 9,293
DOORDASH INC CL A COM USD0.00001 CLASS A 39,709 39,588
DOVER CORP COM USD1.00 21,422 20,260
DOW INC COM USD0.01 WI 18,147 15,290
DRAFTKINGS INC NEW CL A 5,191 5,095
DT MIDSTREAM INC COM USD0.01 WI 16,001 15,908
DTE ENERGY CO COM 21,591 21,176
DUKE ENERGY CORP NEW COM NEW COM NEW 48,221 46,327
DUOLINGO INC CL A COM CL A COM 16,756 15,562
DUPONT DE NEMOURS INC COMMON STOCK 17,817 16,240
DYNATRACE INC COM 5,197 5,162
EAGLE MATLS INC COM 5,354 4,445
EAST WEST BANCORP INC COM 5,268 5,650
EASTGROUP PPTYS INC REIT 16,035 15,217
EASTMAN CHEM CO COM 5,193 4,330
EATON CORP PLC COM USD0.50 80,116 75,333
EBAY INC COM 16,859 16,478
ECOLAB INC COM STK USD1 40,271 37,830
EDISON INTL COM 16,360 15,488
EDWARDS LIFESCIENCES CORP COM 36,085 37,458
ELECTR ARTS COM 33,889 31,892
ELI LILLY & CO COM NPV 376,831 358,207
EMCOR GROUP INC COM 21,830 20,878
EMERSON ELECTRIC CO COM 43,747 43,746
ENCOMPASS HEALTH CORP COM USD0.01 5,278 5,078
ENPHASE ENERGY INC COM 5,254 3,571
ENTEGRIS INC COM 5,308 4,755
ENTERGY CORP NEW COM 15,977 16,832
EOG RESOURCES INC COM 51,942 48,664
EPAM SYS INC COM STK 5,283 6,313
EQT CORP COM 21,003 22,732
EQTY LIFESTYLE PPTYS INC REIT 5,245 5,165
EQTY RESDNTL EFF 5/15/02 16,506 16,002
EQUIFAX INC COM 17,829 17,330
EQUINIX INC COM USD0.001 52,054 53,745
ESSENTIAL UTILS INC COM 5,340 4,867
ESSEX PPTY TR REIT 5,235 5,138
ESTEE LAUDER COMPANIES INC CL A USD0.01 21,236 19,195
EURONET WORLDWIDE INC COM 16,518 16,043
EVEREST GROUP LTD 5,151 4,712
EVERGY INC COM NPV 16,078 16,003
EVERSOURCE ENERGY COM 15,814 14,472
EXACT SCIENCES CORP COM 5,248 4,158
EXELON CORP COM 17,423 16,562
EXPAND ENERGY CORP 11,549 11,846
EXPEDIA GROUP INC COM USD0.001 21,399 22,919
EXPEDITORS INTL WASH INC COM 5,257 4,763
EXTRA SPACE STORAGE INC COM 15,184 13,763
EXXON MOBIL CORP COM 305,181 278,714
F5 INC COM STK NPV 5,262 6,035
FACTSET RESH SYS INC COM STK 10,693 10,566
FAIR ISAAC CORPORATION COM 21,738 19,909
FASTENAL CO COM 19,753 17,834
FEDERAL RLTY INVT TR COM USD0.01 10,439 10,411
FEDEX CORP COM 42,842 42,611
FERGUSON ENTERPRISES INC USD0.0001 19,464 16,917
FIDELITY NATL INFORMATION SVCS INC COM STK 37,109 34,812
FIRST CTZNS BANCSHARES INC CL A CL A 23,010 23,243
FIRST HAWAIIAN INC COM 5,302 5,787
FIRST SOLAR INC COM 21,031 18,681
FIRSTENERGY CORP COM 5,306 4,893
FISERV INC COM 70,076 70,664
FLOOR & DECOR HLDGS INC CL A CL A 5,266 4,686
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01 19,501 17,414
FORTINET INC COM USD0.001 38,324 39,587
FORTIVE CORP COM MON STOCK 15,726 15,600
FORTUNE BRANDS INNOVATIONS INC USD0.01 5,329 4,100
FOX CORP CL A CL A 5,267 6,170
FREEPORT-MCMORAN INC 41,223 35,681
FRKLN RES INC COM 10,583 10,016
GALLAGHER ARTHUR J & CO COM 41,460 40,591
GARMIN LTD COMMON STOCK 17,232 18,563
GARTNER INC COM 17,765 16,472
GE AEROSPACE 113,134 105,254
GE HEALTHCARE TECHNOLOGIES INC COM 18,585 16,809
GE VERNOVA LLC COM 49,989 52,998
GEN DIGITAL INC COM USD0.01 5,251 5,175
GEN MTRS CO COM 41,428 42,083
GENERAL DYNAMICS CORP COM 47,306 43,739
GENERAL MILLS INC COM 17,554 16,963
GENTEX CORP COM 15,984 15,112
GENUINE PARTS CO COM 21,209 20,004
GILEAD SCIENCES INC 65,299 67,800
GLOBAL PMTS INC COM 16,268 16,473
GLOBANT SA USD1.20 16,218 15,867
GLOBE LIFE INC COM 5,326 5,464
GLOBUS MED INC CL A NEW COM STK 16,017 16,128
GODADDY INC CL A CL A 16,012 17,763
GOLDMAN SACHS GROUP INC COM 104,599 106,507
GRACO INC COM 5,303 5,142
GRAINGER W W INC COM 19,367 17,919
GRAPHIC PACKAGING HLDG CO COM STK 10,578 10,168
GUIDEWIRE SOFTWARE INC COM USD0.0001 5,256 4,720
HALLIBURTON CO COM 16,010 14,275
HCA HEALTHCARE INC COM 43,835 38,119
HEALTHPEAK OP LLC 5,291 4,905
HEICO CORP NEW COM 16,272 14,502
HENRY SCHEIN INC COMMON STOCK 11,071 10,588
HERSHEY COMPANY COM STK USD1 15,758 15,242
HESS CORP COM STK 17,692 16,360
HEWLETT PACKARD ENTERPRISE CO COM 16,026 16,239
HF SINCLAIR CORPORATION COM USD0.01 15,509 15,072
HILTON WORLDWIDE HLDGS INC COM NEW COM NEW 24,831 25,210
HOLOGIC INC COM 5,348 4,758
HOME DEPOT INC COM 232,674 219,001
HONEYWELL INTL INC COM STK 85,219 84,709
HORMEL FOODS CORP COM 5,251 5,302
HOULIHAN LOKEY INC CL A CL A 5,237 5,383
HOWMET AEROSPACE INC COM USD1.00 WI 19,637 19,905
HP INC COM 17,938 15,768
HUBBELL INC COM 11,184 10,472
HUBSPOT INC COM 16,396 18,116
HUMANA INC COM 19,576 18,331
HUNT J B TRANS SVCS INC COM 5,378 5,290
HUNTINGTON BANCSHARES INC COM 5,312 5,601
HUNTINGTON INGALLS INDS INC COM 10,628 10,204
HYATT HOTELS CORP COM CL A COM CL A 10,521 10,832
IAC INC COM NEW 10,576 9,663
IDACORP INC COM 5,317 5,683
IDEX CORP COM 5,318 5,232
IDEXX LABS INC COM 18,126 16,951
ILL TOOL WKS INC COM 43,668 41,575
ILLUMINA INC COM 21,581 19,777
INCYTE CORP COM 10,582 9,601
INGERSOLL RAND INC COM 18,348 16,283
INGREDION INC COM 10,420 10,317
INSULET CORP COM STK 5,321 6,005
INTEL CORP COM 57,194 50,085
INTERACTIVE BROKERS GROUP INC CL COM 5,307 6,183
INTERCONTINENTAL EXCHANGE INC COM 54,300 50,961
INTERNATIONAL BUSINESS MACHS CORP COM 120,726 118,488
INTERPUBLIC GROUP COMPANIES INC COM 5,254 4,679
INTL FLAVORS & FRAGRANCES INC COM 15,894 14,781
INTL PAPER CO COM 5,246 5,866
INTUIT COM 105,335 101,189
INTUITIVE SURGICAL INC COM NEW STK 107,487 107,524
INVESCO LTD COM STK USD0.20 10,432 10,418
INVITATION HOMES INC COM 21,596 20,743
IQVIA HLDGS INC COM USD0.01 18,386 17,489
IRON MTN INC NEW COM 17,458 15,768
ITT INC COM 5,382 5,001
JABIL INC COM USD0.001 10,483 11,800
JACK HENRY & ASSOC INC COM 5,326 5,084
JACOBS SOLUTIONS INC COM 10,536 10,022
JANUS HENDERSON GROUP PLC ORD USD1.50 10,534 10,080
JAZZ PHARMACEUTICALS PLC COM USD0.0001 10,431 10,714
JEFFERIES FINL GROUP INC COM 5,327 6,429
JOHNSON & JOHNSON COM USD1 214,325 201,311
JOHNSON CTLS INTL PLC COM USD0.01 37,891 36,716
JONES LANG LASALLE INC COM STK 5,343 5,063
JPMORGAN CHASE & CO COM 391,576 398,877
KELLANOVA COM USD0.25 5,241 5,263
KENVUE INC COM 18,753 17,507
KEURIG DR PEPPER INC COM 17,994 17,313
KEYCORP NEW COM 5,296 5,228
KEYSIGHT TECHNOLOGIES INC COM 16,081 16,866
KIMBERLY-CLARK CORP COM 20,200 19,178
KIMCO REALTY CORPORATION 5,287 5,295
KINDER MORGAN INC DEL COM 20,282 21,098
KINSALE CAP GROUP INC COM 16,112 14,884
KKR & CO INC CL A CL A 59,407 59,608
KLA CORPORATION COM USD0.001 56,198 49,779
KNIGHT-SWIFT TRANSN HLDGS INC CL A CLASSA COMMON STOCK USD0.01 10,626 10,025
KRAFT HEINZ CO COM 16,659 15,693
KROGER CO COM 17,076 18,345
L3HARRIS TECHNOLOGIES INC COM 36,275 32,383
LABCORP HLDGS INC COM 10,768 10,319
LAM RESH CORP COM NEW 55,637 55,156
LAMAR ADVERTISING CO NEW CL A CL A 5,307 4,748
LAMB WESTON HLDGS INC COM USD5 16,699 13,566
LANDSTAR SYS INC COM 5,248 4,812
LAS VEGAS SANDS CORP COM STK 5,145 5,085
LEAR CORP COM NEW COM NEW 5,233 4,640
LEIDOS HLDGS INC COM 15,703 13,974
LENNAR CORP CL A CL A 20,077 15,819
LENNOX INTL INC COM 5,477 5,494
LIBERTY BROADBAND CORP COM SER A COM SERA 5,339 4,982
LIBERTY GLOBAL LTD. COM USD0.01 CLASS C 3,032 3,259
LIBERTY MEDIA CORP DEL COM LIBERTY FORMULA ONE SER A 21,467 21,850
LIGHT & WONDER INC COM USD0.001 16,214 15,203
LINCOLN ELEC HLDGS INC COM 5,241 5,082
LINDE PLC 124,380 115,134
LITHIA MTRS INC COM CL A 10,577 10,008
LITTELFUSE INC COM 16,271 15,317
LIVE NATION ENTERTAINMENT INC 5,313 5,957
LKQ CORP COM LKQ CORP 5,239 4,925
LOCKHEED MARTIN CORP COM 63,325 56,369
LOEWS CORP COM 5,290 5,590
LOWES COS INC COM 88,676 80,457
LPL FINL HLDGS INC COM 21,385 22,856
LULULEMON ATHLETICA INC COM 26,019 27,916
LYONDELLBASELL IND N V COM USD0.01 CL 'A' 23,092 21,687
M & T BK CORP COM 16,290 15,041
MANHATTAN ASSOCS INC COM 21,558 19,457
MANPOWERGROUP INC 5,262 4,214
MARATHON PETE CORP COM 38,829 35,433
MARKEL GROUP INC 11,934 12,084
MARKETAXESS HLDGS INC COM STK 10,689 9,042
MARRIOTT INTL INC NEW COM STK CL A 42,037 42,120
MARSH & MCLENNAN CO'S INC COM 59,135 56,501
MARTIN MARIETTA MATLS INC COM 38,784 35,639
MARVELL TECHNOLOGY INC COM 48,295 55,556
MASCO CORP COM 5,340 4,572
MC CORMICK & CO INC COM NON-VTG 21,417 20,323
MC DONALDS CORP COM 120,853 116,246
MCKESSON CORP 45,346 45,630
MEDPACE HLDGS INC COM 16,402 15,615
MEDTRONIC PLC COMMON STOCK STOCK 63,459 58,823
MERCK & CO INC NEW COM 153,542 149,826
META PLATFORMS INC COM USD0.000006 CL 'A' 745,480 738,914
METLIFE INC COM STK USD0.01 38,028 37,255
METTLER-TOLEDO INTL INC COM 16,427 15,908
MGM RESORTS INTERNATIONAL COM 5,276 4,574
MICROCHIP TECHNOLOGY INC COM 19,603 15,943
MICRON TECH INC COM 67,796 54,357
MICROSOFT CORP COM 1,829,720 1,804,020
MID-AMER APT CMNTYS INC COM 5,229 5,255
MIDDLEBY CORP COM 10,536 10,430
MKS INC 5,410 5,011
MODERNA INC COM 5,159 3,742
MOHAWK INDS INC COM 10,416 8,935
MOLINA HEALTHCARE INC COM 22,877 21,538
MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B 15,847 15,132
MONDELEZ INTL INC COM 54,523 50,207
MONGODB INC CL A CL A 5,202 4,191
MONOLITHIC PWR SYS INC COM 19,839 16,603
MONSTER BEVERAGE CORP NEW COM 17,971 18,028
MOODYS CORP COM 47,981 47,337
MORGAN STANLEY COM STK USD0.01 85,741 86,495
MORNINGSTAR INC COM STK 10,375 10,440
MOTOROLA SOLUTIONS INC 45,821 44,442
MSCI INC COM USD0.01 36,583 36,001
MURPHY USA INC COM 10,446 10,035
NASDAQ INC 17,255 17,395
NATERA INC COM 5,280 6,332
NETAPP INC COM STK 15,938 15,206
NETFLIX INC COM STK 203,782 220,156
NEUROCRINE BIOSCIENCES INC COM 5,227 6,143
NEW YORK TIMES CO CL A ISIN #US6501111073 10,548 10,462
NEWMONT CORPORATION 39,320 33,089
NEWS CORP COM CL A 5,242 5,563
NEXSTAR MEDIA GROUP INC COMMON STOCK 10,520 10,268
NEXTERA ENERGY INC COM 91,604 84,523
NIKE INC CL B 57,047 55,440
NISOURCE INC COM 10,585 10,587
NNN REIT INC 16,128 15,441
NORDSON CORP COM 5,158 4,185
NORFOLK SOUTHN CORP COM 39,233 36,613
NORTHERN TR CORP COM 16,088 16,107
NORTHROP GRUMMAN CORP COM 42,127 39,420
NORWEGIAN CRUISE LINE HLDGS LTD COM USD0.001 10,451 10,266
NRG ENERGY INC COM NEW 5,204 5,233
NUCOR CORP COM 18,877 14,892
NUTANIX INC CL A CL A 5,254 4,956
NVENT ELECTRIC PLC COM USD0.01 WI 5,429 4,908
NVIDIA CORP COM 1,835,776 1,807,678
NVR INC COM STK USD0.01 9,671 8,179
O REILLY AUTOMOTIVE INC NEW COM USD0.01 44,373 42,689
OCCIDENTAL PETROLEUM CORP 17,756 16,825
OGE ENERGY CORP COM 5,278 5,445
OKTA INC CL A CL A 5,274 5,358
OLD DOMINION FREIGHT LINE INC COM 17,824 14,994
OLD REPUBLIC INTERNATIONAL CORP COM STK USD1 10,597 10,169
OMNICOM GROUP INC COM 5,267 4,424
ON SEMICONDUCTOR CORP COM 22,720 20,933
ONEMAIN HLDGS INC COM 10,480 9,905
ONEOK INC COM STK 40,487 39,056
ONTO INNOVATION INC 5,365 4,000
ORACLE CORP COM 161,771 151,809
OSHKOSH CORPORATION 5,310 4,849
OTIS WORLDWIDE CORP COM USD0.01 WI 18,378 16,577
OVINTIV INC COM USD0.01 5,181 4,941
OWENS CORNING NEW COM STK 5,400 4,939
PACCAR INC COM 38,980 37,564
PACKAGING CORP AMER COM ISIN US6951561090 21,407 20,827
PALANTIR TECHNOLOGIES INC CL A CL A 70,021 89,168
PALO ALTO NETWORKS INC COM USD0.0001 46,381 44,398
PARKER-HANNIFIN CORP COM 48,213 45,794
PAYCHEX INC COM 35,406 34,915
PAYCOM SOFTWARE INC COM 10,427 9,839
PAYPAL HLDGS INC COM 52,190 52,064
PENSKE AUTOMOTIVE GROUP INC COM STK 16,119 15,092
PENTAIR PLC COM USD0.01 5,324 5,435
PENUMBRA INC COM 16,415 15,674
PEPSICO INC COM 132,542 123,725
PERFORMANCE FOOD GROUP CO COM 5,326 5,496
PFIZER INC COM 89,992 90,149
PG& E CORP COM 16,750 16,285
PHILIP MORRIS INTL COM STK NPV 115,666 111,964
PHILLIPS 66 COM 23,868 20,280
PINNACLE FINL PARTNERS INC COM 5,288 6,063
PINNACLE W. CAP CORP COM 16,003 15,598
PINTEREST INC CL A CL A 5,229 4,466
PNC FINANCIAL SERVICES GROUP COM STK 53,251 51,491
POOL CORP COM STK 5,147 4,773
PPG IND INC COM 15,944 15,170
PPL CORP COM ISIN US69351T1060 5,323 5,431
PREMIER INC CL A CL A 10,516 9,943
PRIMERICA INC COM 5,285 5,157
PRINCIPAL FINL GROUP INC COM STK 15,849 14,011
PROCTER & GAMBLE COM NPV 229,585 223,980
PROGRESSIVE CORP OH COM 82,382 77,873
PROLOGIS INC COM 65,477 60,038
PROSPERITY BANCSHARES INC COM 10,593 9,719
PTC INC COM 21,558 20,226
PUB SERVICE ENTERPRISE GROUP INC COM 17,474 16,476
PUB STORAGE COM 38,425 34,735
PULTE GROUP INC 21,842 19,314
PURE STORAGE INC CL A CL A 5,349 6,082
PVH CORP COM USD1 10,342 10,892
QORVO INC COM 10,687 11,259
QUALCOMM INC COM 106,980 99,085
QUANTA SVCS INC COM 21,549 21,175
QUEST DIAGNOSTICS INC COM 5,242 5,280
RALPH LAUREN CORP CL A CL A 16,495 16,458
RAYMOND JAMES FNCL INC COM STK 16,238 16,776
RBC BEARINGS INC COM 10,819 10,171
REALTY INCOME CORP COM 22,024 19,922
REGAL REXNORD CORPORATION COM STK USD0.01 5,477 4,820
REGENCY CTRS CORP COM 5,300 5,598
REGENERON PHARMACEUTICALS INC COM 53,142 45,589
REGIONS FINL CORP NEW COM 5,306 5,277
REINSURANCE GROUP AMER INC COM NEW STK 5,226 5,127
RELIANCE INC COM NPV 5,247 4,847
RENAISSANCE RE HLDGS LTD COM 5,283 4,727
REPUBLIC SVCS INC COM 18,934 18,307
RESMED INC COM 17,909 17,152
REVVITY INC 5,235 4,799
REXFORD INDL RLTY INC COM 5,278 4,338
RIVIAN AUTOMOTIVE INC 16,863 14,909
RLI CORP COM 5,264 5,439
ROBINHOOD MKTS INC COM CL A COM CL A 22,504 22,393
ROBLOX CORP COM USD0.0001 CL A 21,737 22,913
ROCKWELL AUTOMATION 17,112 17,433
ROPER TECHNOLOGIES INC 39,993 37,949
ROSS STORES INC COM 23,047 24,506
ROYAL CARIBBEAN GROUP COM STK 38,204 39,080
ROYAL GOLD INC COM STK USD0.01 5,228 4,878
ROYALTY PHARMA PLC COM USD0.0001 CLASS A 5,222 4,770
RPM INTL INC 21,449 19,813
RTX CORPORATION COMSTK 89,025 85,286
S&P GLOBAL INC COM 95,683 93,132
S.W. AIRL CO COM 21,244 22,274
SAIA INC COM STK 10,427 9,115
SALESFORCE INC COM USD0.001 175,871 183,097
SAREPTA THERAPEUTICS INC COM 5,241 5,107
SBA COMMUNICATIONS CORP COM USD0.01 CL A 21,226 19,769
SCHLUMBERGER LTD COM COM 39,569 35,763
SCHWAB CHARLES CORP COM NEW 66,796 65,203
SEI INVTS CO COM 5,332 6,223
SEMPRA COM 36,277 35,842
SERVICE CORP INTL COM 5,219 5,508
SERVICENOW INC COM USD0.001 122,817 127,214
SHERWIN-WILLIAMS CO COM 51,029 46,230
SILGAN HLDGS INC COM 10,607 10,254
SIMON PROPERTY GROUP INC COM 38,390 37,025
SIMPSON MFG INC COM 10,347 9,618
SITEONE LANDSCAPE SUPPLY INC COM 10,499 9,883
SKECHERS U S A INC CL A CL A ISIN #US8305661055 15,701 15,398
SKYWORKS SOLUTIONS INC COM 5,335 4,789
SMUCKER J M CO COM NEW 5,289 4,955
SNAP-ON INC COM 21,182 21,387
SNOWFLAKE INC CL A CL A 34,544 37,522
SOFI TECHNOLOGIES INC COM 10,762 11,904
SOMNIGROUP INTERNATIONAL INC. COM USD0.01 15,986 15,760
SOUTHERN CO COM STK 51,303 48,651
SS&C TECHNOLOGIES HLDGS INC COM 5,293 5,305
STANLEY BLACK & DECKER INC COM 5,327 3,934
STARBUCKS CORP COM 63,887 60,499
STARWOOD PROPERTY TRUST INC COM REIT 5,307 5,168
STATE STR CORP COM 22,718 22,869
STEEL DYNAMICS INC COM 21,319 19,699
STERIS PLC ORD USD0.001 21,263 20,145
STIFEL FINL CORP COM 5,299 5,728
STRATEGY INC COMMON STOCK CLASS A 35,134 29,541
STRYKER CORP 78,240 75,065
SUN COMMUNITIES INC COM 5,192 4,956
SUPER MICRO COMPUTER INC COM NEW 5,154 3,353
SYNOPSYS INC COM 50,888 46,595
SYNOVUS FINL CORP COM NEW COM NEW 5,334 5,935
SYSCO CORP COM 17,465 17,739
TAKE-TWO INTERACTIVE SOFTWARE INC COM STK USD0.01 16,187 17,304
TAPESTRY INC COM USD0.01 5,301 7,578
TARGA RES CORP COM 18,403 17,850
TARGET CORP COM STK 45,745 41,771
TD SYNNEX CORPORATION COM USD0.001 16,262 15,364
TECHNIPFMC PLC COM USD1 5,140 5,499
TELEDYNE TECHNOLOGIES INC COM 21,714 21,350
TELEFLEX INC COM 5,234 3,916
TENET HEALTHCARE CORP COM NEW . 5,303 4,292
TERADYNE INC COM 22,338 21,532
TESLA INC COM USD0.001 539,152 645,336
TETRA TECH INC NEW COM 5,208 4,223
TEXAS INSTRUMENTS INC COM 105,423 97,880
TEXAS PAC LD CORP COM USD0.01 21,339 19,907
TEXAS ROADHOUSE INC COMMON STOCK 10,372 9,563
TEXTRON INC COM 5,291 4,591
THE CAMPBELLS COMPANY 10,613 10,219
THE CIGNA GROUP 52,862 48,325
THE COOPER COMPANIES, INC. 10,543 9,745
THE HARTFORD INSURANCE GROUP INC COM USD0.01 17,268 16,048
THE TRADE DESK INC COM CL A COM CL A 37,099 35,377
THERMO FISHER SCIENTIFIC INC COM USD1 121,984 116,589
TJX COS INC COM NEW 80,270 80,943
TKO GROUP HLDGS INC COM 10,914 12,506
T-MOBILE US INC COM 68,379 65,998
TOAST INC COM USD0.000001 CLASS A 5,181 6,743
TOLL BROS INC COM 5,351 4,408
TOPBUILD CORP COM 10,559 9,340
TORO CO COM 15,903 14,647
TRACTOR SUPPLY CO COM 16,927 15,653
TRADEWEB MKTS INC CL A CL A 5,260 5,106
TRANE TECHNOLOGIES PLC COM USD1 54,568 49,862
TRANSDIGM GROUP INC COM 42,522 40,553
TRANSUNION COM 21,558 19,840
TRAVELERS COS INC COM STK 39,879 38,542
TRIMBLE INC COM TRIMBLE INC 5,221 5,865
TRUIST FINL CORP COM 42,388 40,517
TWILIO INC CL A CL A 5,306 8,106
TYLER TECHNOLOGIES INC COM STK 16,192 15,569
TYSON FOODS INC CL A COM (DELAWARE) 5,287 5,112
UBER TECHNOLOGIES INC COM USD0.00001 85,066 72,143
UDR INC COM STK 5,291 5,209
ULTA BEAUTY INC COM STK USD0.01 21,431 22,616
UNION PAC CORP COM 86,638 83,235
UNITED AIRLINES HOLDINGS INC COM USD0.01 15,893 19,517
UNITED PARCEL SVC INC CL B 61,037 58,006
UNITED RENTALS INC COM 38,911 33,813
UNITED THERAPEUTICS CORP DEL COM STK 5,362 5,293
UNITEDHEALTH GROUP INC COM 321,825 286,317
UNVL HEALTH SERVICES INC CL B COM 5,262 4,306
US BANCORP 50,240 48,862
US FOODS HLDG CORP COM 5,362 5,802
VAIL RESORTS INC COM 10,633 11,380
VALERO ENERGY CORP COM STK NEW 20,372 17,530
VENTAS INC REIT 16,130 15,013
VERALTO CORP COM 21,639 20,596
VERISIGN INC COM 21,444 22,766
VERISK ANALYTICS INC COM USD0.001 17,926 17,903
VERIZON COMMUNICATIONS COM 104,668 98,735
VERTEX PHARMACEUTICALS INC COM 74,075 63,224
VERTIV HOLDINGS LLC COM USD0.0001 18,727 17,950
VIATRIS INC 5,252 5,739
VICI PPTYS INC COM 15,914 14,643
VISA INC COM CL A STK 275,988 287,912
VISTRA CORP COM USD0.01 36,333 35,019
VOYA FINL INC COM 5,323 4,543
VULCAN MATERIALS CO COM 40,782 38,842
W P CAREY INC COM 5,306 4,872
WABTEC CORP COM 17,745 17,442
WALMART INC COM 215,272 225,320
WALT DISNEY CO 114,096 119,062
WARNER BROS DISCOVERY INC 21,032 21,478
WASTE MGMT INC DEL COM STK 50,957 47,824
WATERS CORP COM 21,564 21,517
WATSCO INC COM 5,456 5,213
WEBSTER FNCL CORP WATERBURY CONN COM 5,319 6,074
WEC ENERGY GROUP INC COM 16,013 15,329
WELLS FARGO & CO NEW COM STK 141,968 144,203
WELLTOWER INC COM REIT 48,265 46,253
WESCO INTL INC COM 10,605 9,410
WEST PHARMACEUTICAL SVCS INC COM 21,639 21,947
WESTN DIGITAL CORP COM 21,602 19,559
WEYERHAEUSER CO COM 21,291 19,564
WILLIAMS CO INC COM 40,144 40,211
WILLIAMS SONOMA INC COM 21,239 21,851
WINTRUST FINL CORP COM 5,279 5,861
WOODWARD INC COM 5,270 5,325
WORKDAY INC CL A COM USD0.001 38,892 38,446
WYNDHAM HOTELS & RESORTS INC COM 10,451 10,986
XCEL ENERGY INC COM 17,026 17,083
XPO INC COM 5,179 5,902
XYLEM INC COM 16,819 15,315
YUM BRANDS INC COM 18,283 18,246
ZEBRA TECHNOLOGIES CORP CL A 5,263 5,407
ZILLOW GROUP INC COM USD0.0001 5,210 6,093
SHS ZIMMER BIOMET HLDGS INC COM 21,785 21,386
SHS ZOETIS INC COM USD0.01 CL 'A' 51,160 45,783
ZOOM COMMUNICATIONS INC 10,412 10,609
ZSCALER INC COM 10,568 9,381
#REORG/ ALTAIR ENGR INC CASH MERGER 03-26-2025 14,374 15,494
#REORG/ INARI MED INC CASH MERGER 02-19-2025 10,293 10,516
#REORG/ ROCKET LAB USA INC EXCHANGE ROCKET LAB USA INC 2A1RAU5 05-27-2025 18,677 27,508
#REORG/ARCADIUM MERGER 03-06-2025 17,157 16,950
#REORG/ARCH RES MERGER CORE NATURAL 241HAQ4 01-15-2025 8,954 8,191
#REORG/BARNES GROUP INC MERGER 01-27-2025 2,613 2,647
#REORG/BEACON ROOFING SUPPLY INC COM MERGER 04-29-2025 17,173 17,573
#REORG/BLUEPRINT MERGER CONTRA BLUEPRINT 2B1NAH5 07-18-2025 16,919 16,397
#REORG/CHAMPIONX CORP MERGER SCHLUMBERGER LTD 2811640 07-17-2025 11,312 9,816
#REORG/CONSOL ENERGY CHANGE CORE NATURAL 241HAQ4 01-15-2025 9,713 8,854
#REORG/ENSTAR MERGER 07-02-2025 10,357 10,306
#REORG/FIRST MERGER RENASANT 2013487 04-01-2025 10,419 10,220
#REORG/HEARTLAND MERGER UMB 2878743 02-03-2025 12,194 11,648
#REORG/INDEPENDENT MERGER SOUTHSTATE 2Y1PAK1 1-2-2025 3,115 3,155
#REORG/INFINERA MERGER 03-03-2025 8,812 8,712
#REORG/MATTERPORT INC MERGER COSTAR GROUP INC 2220156 02-28-2025 11,781 11,585
#REORG/PREMIER MERGER PREMIER 2912916 03-03-2025 13,993 13,169
#REORG/RADIUS RECYCLING MERGER 07-10-2025 6,959 5,890
#REORG/RETAIL MERGER 02-12-2025 6,197 6,654
#REORG/REVELYST INC MERGER 01-03-2025 2,169 2,192
#REORG/SANDY MERGER ATLANTIC 2Y1BAW2 04-01-2025 10,427 9,877
#REORG/SPRINGWORKS MERGER 07-01-2025 9,407 9,863
#REORG/SUMMIT MATLS INC CL A MERGER 02-10-2025 14,454 16,192
ABERCROMBIE & FITCH CO CL A CL A 22,416 22,271
ABM INDS INC COM 9,957 9,212
ACADEMY SPORTS & OUTDOORS INC COM 11,670 13,084
ACADIA PHARMACEUTICALS INC COM 5,375 6,257
ACADIA RLTY TR COM 12,193 12,078
ACADIAN ASSET MANAGEMENT INC COM USD0.001 13,713 12,432
ACCEL ENTMT INC COM CL A-1 COM CL A-1 9,495 8,832
ACI WORLDWIDE INC COM STK 12,296 11,887
ACV AUCTIONS INC CL A CL A 10,701 11,405
ADDUS HOMECARE CORP COM STK 9,828 9,652
ADIENT PLC ADIENT PLC LTD COM 6,173 5,135
ADMA BIOLOGICS INC COM 14,007 13,154
ADTALEM GLOBAL ED INC COM 10,068 10,902
ADVANCED ENERGY INDS INC COM 16,204 16,419
AEROVIRONMENT INC COM 17,161 13,696
AGILYSYS INC COM STK 9,423 9,878
AGIOS PHARMACEUTICALS INC COM 10,376 7,689
AKERO THERAPEUTICS INC COM 9,535 8,930
ALARM COM HLDGS INC COM 6,490 6,992
ALBANY INTL CORP NEW CL A 10,194 10,431
ALEXANDER & BALDWIN INC 24,748 23,355
ALIGHT INC CL A 11,592 10,920
ALKAMI TECHNOLOGY INC COM 9,444 9,427
ALKERMES PLC SHS 13,748 13,546
ALLIENT INC COM NPV 3,287 4,322
ALPHA METALLURGICAL RES INC COM 9,612 8,405
AMBARELLA INC SHS 10,366 11,784
AMERICAN ASSETS TR INC COM 11,236 10,714
AMERICAN EAGLE OUTFITTERS INC NEW COM 11,301 10,119
AMERICAN STS WTR CO COM 12,987 11,891
AMICUS THERAPEUTICS INC COM 12,057 11,361
AMN HEALTHCARE SVCS INC COM 5,566 4,258
AMNEAL PHARMACEUTICALS INC COM 8,277 8,031
AMPHASTAR PHARMACEUTICALS INC DEL COM 9,028 7,537
APARTMENT COM USD0.01 CL A(POST RE) 12,448 12,862
APOGEE ENTERPRISES INC COM 10,577 9,569
APOGEE THERAPEUTICS INC COM 8,835 8,154
APOLLO COML REAL ESTATE FIN INC COM 15,269 15,058
APPLIED INDL TECHNOLOGIES INC COM 21,699 20,594
ARBUTUS BIOPHARMA CORP NPV 5,279 4,647
ARCBEST CORP COM USD0.01 9,508 8,212
ARCELLX INC COM 11,932 10,583
ARCHROCK INC COM 9,692 10,080
ARCOSA INC COM 11,847 11,319
ARES COML REAL ESTATE CORP COM 9,043 8,166
ARGAN INC COM 10,974 11,100
ARMADA HOFFLER PPTYS INC REIT 13,802 13,044
ARROWHEAD PHARMACEUTICALS INC COM 10,448 9,832
ARVINAS INC COM 9,638 8,339
ASBURY AUTOMOTIVE GROUP INC COM 14,954 14,825
ASGN INCORPORATED COMN STK USD0.01 12,023 11,084
ASSOCTD BANC-CORP COM 11,219 10,970
AST SPACEMOBILE INC CL A CL A 10,834 9,094
ASTRANA HEALTH INC COM USD0.001 10,461 7,567
ATKORE INC 10,633 10,348
ATLANTA BRAVES HLDGS INC COM SER C 21,673 20,775
ATMUS FILTRATION TECHNOLOGIES INC COM 11,534 10,970
ATRICURE INC COM STK 8,919 8,740
AURORA INNOVATION INC CL A COM 18,941 18,100
AVANOS MED INC COM 11,945 9,934
AVIDITY BIOSCIENCES INC COM 14,763 10,701
AVIDXCHANGE HLDGS INC COM USD0.001 9,854 10,464
AVIENT CORPORATION 14,083 11,743
AXCELIS TECHNOLOGIES INC COM NEW COM NEW 9,415 7,895
AXSOME THERAPEUTICS INC. COM 13,183 12,353
AZZ INC COM 9,656 9,093
BADGER METER INC COM 17,191 16,333
BALCHEM CORP COM 14,027 13,109
BANC CALIF INC COM 3,046 3,221
BANCFIRST CORP COM 9,175 9,058
BANK MARIN BANCORP COM STK 14,742 14,452
BEAM THERAPEUTICS INC COM 10,139 9,498
BELDEN INC COM 13,664 12,729
BENCHMARK ELECTRS INC COM 10,206 9,980
BERRY CORPORATION 10,362 9,416
BIOCRYST PHARMACEUTICALS INC COM 8,902 9,212
BIOHAVEN LTD COM NPV WI 12,322 9,972
BLACK HILLS CORP COM 6,990 6,613
BLACKBAUD INC COM 11,978 10,940
BLACKLINE INC COM 11,028 11,241
BLACKSTONE MTG TRU CL A 10,121 9,816
BLOOM ENERGY 11,374 13,970
BOISE CASCADE CO COM 16,544 14,025
BOOT BARN HLDGS INC COM 15,019 15,486
BOSTON OMAHA CORP CL A CL A 12,112 11,670
BOX INC CL A CL A 8,557 8,153
BRAZE INC CL A CL A 10,246 11,894
BRIDGEBIO PHARMA INC COM 12,077 13,034
BRINKER INTL INC COM 16,178 19,050
BRINKS CO COM 11,602 10,854
BUMBLE INC COM CL A COM CL A 9,959 10,533
BUSINESS FIRST BANCSHARES INC COM 12,519 11,796
BYLINE BANCORP INC COM 16,361 15,921
C3 AI INC CL A CL A 9,384 10,329
CABLE ONE INC COM 12,890 12,674
CABOT CORP COM 17,025 14,336
CACTUS INC CL A CL A 11,692 10,622
CAL MAINE FOODS INC COM NEW STK 12,764 13,277
CALIFORNIA RES CORP COM USD0.01 12,458 11,883
CALIFORNIA WTR SVC GROUP COM 15,397 13,644
CALIX NETWORKS INC COMMON STOCK 8,741 8,962
CAMDEN NATL CORP COM 14,278 13,549
CAMPING WORLD HLDGS INC CL A CL A 8,993 8,263
CANNAE HLDGS INC COM USD0.0001 18,323 18,212
CARGURUS INC CL A CL A 12,907 13,556
CARPENTER TECHNOLOGY CORP COM 23,709 23,420
CASELLA WASTE SYS INC CL A COM STK 14,062 14,073
CASS INFORMATION SYS INC COM 12,342 11,618
CATALYST PHARMACEUTICALS INC COM STK USD0.001 STK 5,327 5,364
CAVCO INDS INC DEL COM STK 11,487 11,156
CBIZ INC COM 14,791 16,202
CELLDEX THERAPEUTICS INC NEW SHS 9,408 8,971
CENTRAL GARDEN & PET CO COM 6,093 6,596
CENTURY CMNTYS INC COM 5,498 4,402
CG ONCOLOGY INC COM 5,022 4,101
CHAMPION HOMES INC 14,604 13,039
CHART INDS INC COM PAR $0.01 COM PAR$0.01 19,605 22,710
CHATHAM LODGING TR COM 7,750 8,136
CINEMARK HLDGS INC COM 12,128 12,144
CLAROS MTG TR INC COM 9,050 6,450
CLEANSPARK INC COM NEW COM NEW 9,432 6,963
CLEAR SECURE INC CL A CL A 10,320 9,697
CLEARWATER ANALYTICS HLDGS INC CL A CL A 16,964 16,237
CNX RESOURCES CORPORATION COM 17,808 17,565
COEUR MNG INC COM NEW COM NEW 11,581 10,302
COGENT COMMUNICATIONS HLDGS INC 13,936 13,564
COHEN & STEERS INC COM 13,715 12,835
COLLEGIUM PHARMACEUTICAL INC COM 9,891 8,967
COMMERCIAL METALS CO COM 16,856 14,731
COMMUNITY HEALTHCARE TR INC REIT 9,218 9,836
COMMUNITY TR BANCORP INC COM 14,487 13,745
COMMVAULT SYS INC COM STK 23,939 21,731
COMPASS INC CL A CL A 9,030 8,336
CONCENTRA GROUP HLDGS PARENT INC COM 3,766 3,758
CONMED CORP COM 8,784 8,717
CONNECTONE BANCORP INC NEW COM 15,749 13,631
CONSTRUCTION PARTNERS INC CL A CL A 11,813 12,031
COPT DEFENSE PROPERTIES COM STK USD0.01 13,271 13,154
CORCEPT THERAPEUTICS INC OC-COM CORCEPT THERAPEUTICS 14,997 14,865
CORE SCIENTIFIC INC NEW COM 9,605 8,823
CORECIVIC INC COM 8,533 10,196
CORVEL CORP COM 10,011 9,680
COURSERA INC COM 6,446 7,676
CREDO TECHNOLOGY GROUP HOLDING LTD 18,419 25,002
CRESCENT ENERGY CO COM CL A COM CL A 9,081 9,526
CRINETICS PHARMACEUTICALS INC COM 15,622 14,879
CSW INDUSTRIALS INC COM 14,724 13,054
CTO RTLY GROWTH INC NEW COM USD1.00 12,041 11,964
CYTOKINETICS INC COMMON STOCK 17,724 16,041
DAILY JOURNAL CORP COM 6,187 6,816
DELEK US HLDGS INC NEW COM 9,336 9,620
DENALI THERAPEUTICS INC COM 15,004 12,126
DIAMOND HILL INVT OH 15,048 14,424
DIAMONDROCK HOSPITALITY CO COM STK 8,470 8,862
DIGITALBRIDGE GROUP INC CL A NEW 9,066 7,722
DIGITALOCEAN HLDGS INC COM 10,168 8,824
DIODES INC COM 11,801 11,964
DORMAN PRODS INC COM 11,362 11,400
DOUGLAS DYNAMICS INC COM 11,557 10,657
DYCOM INDS INC COM 16,308 14,969
DYNE THERAPEUTICS INC COM 10,543 8,552
ECHOSTAR CORPORATION 12,447 11,771
EDGEWELL PERS CARE CO COM 9,250 8,827
EDGEWISE THERAPEUTICS INC COM USD0.0001 10,361 8,544
ENCORE CAP GROUP INC COM 12,053 12,134
ENERPAC TOOL GROUP CORP CL A COM CL A COM 10,464 9,163
ENERSYS COM 12,879 12,201
ENOVA INTL INC COM 2,673 2,972
ENOVIX CORP COM 5,246 5,381
ENPRO INC 10,701 10,692
ENSIGN GROUP INC COM STK 18,540 17,014
ENTERPRISE FINL SVCS CORP COM STK 16,483 16,300
EPLUS INC COM 10,101 8,866
EQUITY BANCSHARES INC COM CL A COM CL A 10,926 10,217
ESCO TECHNOLOGIES INC 11,538 11,323
ESSENT GROUP LTD COM STK 16,724 15,733
EVOLENT HEALTH INC CL A CL A 10,479 8,021
EXLSERVICE COM INC COM STK 16,037 16,465
EXPONENT INC COM STK 16,153 14,256
EXPRO GROUP HOLDINGS N.V 8,820 8,342
FABRINET COM USD0.01 25,699 23,087
FARMLAND PARTNERS INC COM 3,461 4,131
FB FINL CORP COM 3,868 4,121
FEDERAL SIGNAL CORP COM 15,129 14,967
FIRST BUSEY CORP COM NEW COM NEW 29,602 26,776
FIRST CMNTY BANKSHARES 17,467 16,115
FIRST FINL BANKSHARES INC COM 16,771 15,195
FIRST FINL CORP IND COM 17,154 16,721
FIRST HAWAIIAN INC COM 7,095 7,162
FIRST INTERSTATE BANCSYS/MT 15,393 15,099
FIRST MERCHANTS CORP COM 11,666 11,089
FIRST MID BANCSHARES INC COM USD4.00 14,507 13,145
FIRSTCASH HLDGS INC COM 12,301 11,707
FLAGSTAR FINANCIAL INC 6,448 5,551
FLUOR CORP NEW COM 23,693 22,145
FLYWIRE CORP COM VTG COM VTG 9,764 10,434
FOOT LOCKER INC COM 9,322 8,726
FORMFACTOR INC COM STK 11,315 11,440
FOUR CORNERS PPTY TR INC COM 7,998 7,644
FOX FACTORY HLDG CORP COM 8,799 7,991
FRANKLIN ELEC INC COM 7,745 7,114
FRESH DEL MONTE PRODUCE INC COM STK 8,658 8,867
FRESHWORKS INC CL A CL A 12,671 14,230
FRONTDOOR INC COM 13,817 13,886
FTAI AVIATION LTD COM USD0.01 42,350 41,484
FULLER H B CO COM 5,268 4,589
GATX CORP COM 12,640 13,017
GCM GROSVENOR INC COM USD0.0001 CL A 5,865 6,307
GEO GROUP INC(THE) COM USD0.01 NEW 9,049 11,975
GERMAN AMERICAN BANCORP INC COM 13,205 12,267
GERON CORP COM 9,916 8,988
GIBRALTAR INDS INC COM 5,166 4,418
GLACIER BANCORP INC NEW COM 16,855 16,121
GLAUKOS CORP COM 18,193 19,942
GLOBAL MED REIT INC 23,440 21,340
GLOBAL NET LEASE INC COM NEW COMN STOCK 7,848 7,380
GMS INC COM 12,992 11,622
GOODYEAR TIRE & RUBBER CO COM 8,991 8,802
GOOSEHEAD INS INC COM CL A COM CL A 9,402 9,328
GRAHAM HLDGS CO COM CL B COM 11,530 11,335
GRANITE CONST INC COM 10,177 9,838
GREEN BRICK PARTNERS INC COM 5,193 3,954
GREENLIGHT CAPITAL RE LTD CLASS A 12,428 12,096
GRIFFON CORP COM 9,199 8,837
GROUP 1 AUTOMOTIVE INC COM 14,234 15,173
GUARDANT HEALTH INC COM 10,824 11,853
HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC 10,712 9,645
HACKETT GROUP INC COM STK 11,447 12,147
HAEMONETICS CORP MASS COM 11,211 10,697
HALOZYME THERAPEUTICS INC COM 17,501 17,259
HANESBRANDS INC COM STK 11,852 12,023
HARMONY BIOSCIENCES HLDGS INC COM 9,572 9,807
HAWAIIAN ELEC INDS INC COM 8,936 8,514
HAWKINS INC COM 9,902 9,446
HCI GROUP INC COM NPV 2,296 2,331
HEALTHCARE SVCS GROUP INC COM 9,497 9,768
HEALTHEQUITY INC COM 20,749 21,397
HECLA MNG CO COM 16,522 14,062
HEIDRICK & STRUGGLES INTL INC COM 10,016 10,457
HELEN TROY LTD COM STK 8,283 7,419
HELIX ENERGY SOLUTIONS GROUP INC COM STK 5,894 5,312
HELMERICH & PAYNE INC COM 10,646 9,958
HERC HLDGS INC COM 17,789 17,040
HERITAGE COMM CORP COM STK 15,511 14,032
HILLENBRAND INC COM STK 10,019 10,496
HILLMAN SOLUTIONS CORP COM USD0.0001 CL A 15,593 14,142
HILTON GRAND VACATIONS INC COM 13,146 13,048
HIMS & HERS HEALTH INC COM CL A COM 13,696 14,435
HOME BANCSHARES INC COM 13,566 12,961
HOMETRUST BANCSHARES INC 16,171 14,988
HUB GROUP INC CL A CL A 10,436 9,759
ICF INTL INC COM STK 9,541 8,231
ICU MED INC COM 12,163 11,017
IDEAYA BIOSCIENCES INC COM 11,267 10,511
IES HLDGS INC COM 9,190 7,636
IMMUNOVANT INC COM 8,656 7,803
IMPINJ INC COM 13,492 10,604
INDEPENDENCE RLTY TR INC COM 15,553 14,920
INDEPENDENT BK CORPORATION 4,466 4,632
INGEVITY CORP COM 9,196 9,087
INSIGHT ENTERPRISES INC COM 13,189 11,408
INSMED INC COM PAR $.01 34,425 33,415
INSPERITY INC COM 11,039 10,774
INSTALLED BLDG PRODS INC COM 16,275 13,319
INSTEEL INDS INC COM 2,908 2,674
INTEGER HLDGS CORP COM 7,722 7,686
INTELLIA THERAPEUTICS INC COM 10,881 8,279
INTERDIGITAL INC COM 14,003 15,110
INTERFACE INC COM 14,483 14,732
INTERNATIONAL BANCSHARES CORP COM 9,626 8,906
INTERPARFUMS INC 8,874 9,074
IONQ INC COM 12,643 24,185
IOVANCE BIOTHERAPEUTICS INC COM 9,672 8,236
IRHYTHM TECHNOLOGIES INC COM 8,962 11,001
ITRON INC COM STK NPV 15,791 15,201
J & J SNACK FOODS CORP COM STK NPV 10,518 9,822
JACK IN THE BOX INC COM 10,409 9,619
JAMF HLDG CORP COM 9,818 8,978
JBT MAREL CORPORATION 12,845 14,489
JELD-WEN HLDG INC COM 11,319 8,305
JETBLUE AWYS CORP COM 10,997 12,592
JOBY AVIATION INC 10,941 14,236
KADANT INC COM 12,433 11,730
KB HOME COM 14,501 12,553
KEARNY FINL CORP MD COM 13,816 12,687
KELLY SERVICES INC CL A COM 12,522 11,305
KENNEDY-WILSON HLDGS INC COM 8,791 8,250
KEROS THERAPEUTICS INC COM 11,510 6,285
KIMBALL ELECTRONICS INC COM 11,822 11,875
KINETIK HOLDINGS INC CL A NEW 10,981 11,285
KITE RLTY GROUP TR COM NEW COM NEW 17,779 16,987
KKR REAL ESTATE FIN TR INC COM 10,246 9,191
KNIFE RIV HLDG CO COM 16,057 16,771
KNOWLES CORP COM 8,924 9,945
KONTOOR BRANDS INC COM NPV WI 14,651 14,263
KORN FERRY COM 12,184 11,326
KOSMOS ENERGY LTD COM USD0.01 12,140 12,435
KRATOS DEFENSE & SECURITY SOLUTIONS INC 14,764 15,010
KRYSTAL BIOTECH INC COM 13,834 12,376
KULICKE & SOFFA INDS INC COM 9,697 9,560
KYMERA THERAPEUTICS INC COM 9,807 8,971
LA Z BOY INC COM 6,549 6,928
LADDER CAP CORP CL A CL A 10,052 9,981
LANTHEUS HLDGS INC COM 17,993 17,087
LAUREATE ED INC COM CL A 9,751 10,060
LCI INDUSTRIES COM 9,433 8,478
LEMAITRE VASCULAR INC COM STK 5,542 5,252
LENDINGCLUB CORP COM NEW 10,139 10,961
LGI HOMES INC COM 10,743 9,119
LIBERTY ENERGY INC COM USD0.01 CL A 9,385 9,746
LIBERTY LATIN AMERICA LTD COM USD0.01 CLASS A 2,892 1,921
LIGAND PHARMACEUTICALS INCORPORATED CL BCOMMON STOCK 10,510 9,965
LIMONEIRA CO COM STK 3,059 2,723
LINDSAY CORPORATION COM 5,660 5,442
LIVANOVA PLC ORD GBP1.00 (DI) 9,760 8,706
LIVE OAK BANCSHARES INC COM 8,798 7,475
LIVERAMP HOLDINGS INC 9,294 10,022
LUMEN TECHNOLOGIES INC 19,970 15,415
LXP INDUSTRIAL TRUST COM USD0.0001 18,170 16,279
M / I HOMES INC 13,286 11,168
MACERICH CO REIT 13,491 13,486
MADDEN STEVEN LTD COM 13,998 13,266
MADRIGAL PHARMACEUTICALS INC COM 13,699 15,737
MAGNITE INC COM 8,763 9,536
MAGNOLIA OIL & GAS CORP CL A CL A 16,260 13,934
MALIBU BOATS INC COM CL A COM CL A 8,993 8,119
MANNKIND CORP COM USD0.01(POST REV SPLIT) 8,736 8,552
MARA HOLDINGS INC COM USD0.0001 15,820 12,913
MARCUS & MILLICHAP INC COM 11,458 11,095
MARQETA INC COM USD0.001 A 13,522 12,208
MARTEN TRANS LTD COM 8,565 7,867
MASTERBRAND INC COM 4,858 4,076
MATSON INC COM 15,052 13,889
MAXIMUS INC COM 10,418 9,331
MCGRATH RENTCORP COM 14,637 14,201
MERCANTILE BK CORP COM 17,836 16,817
MERCURY SYSTEMS INC 9,675 10,794
MERIT MED SYS INC COM 10,436 10,059
MERITAGE HOMES CORP COM 16,704 14,151
MGE ENERGY INC COM . 13,776 13,342
MGP INGREDIENTS INC NEW COM 9,470 7,047
MIDDLESEX WTR CO COM 3,844 3,105
MIDWESTONE FINL GROUP INC NEW COM STK 19,428 18,171
MILLER INDS INC TENN COM NEW 9,553 9,150
MILLERKNOLL INC COM STK USD0.20 9,043 8,355
MINERALS TECHNOLOGIES INC COM 8,553 8,231
MIRION TECHNOLOGIES INC CL A CL A 11,257 12,407
MIRUM PHARMACEUTICALS INC COM 9,227 9,221
MODINE MFG CO COM STK 19,531 17,274
MOOG INC CL A 15,618 14,763
MR COOPER GROUP INC COM USD0.01 13,391 13,249
MUELLER INDS INC COM 25,535 24,443
MUELLER WTR PRODS INC COM STK 12,556 11,790
MURPHY OIL CORP COM 10,171 9,411
MYERS INDS INC COM 12,166 11,136
MYR GROUP INC DEL COM STK 8,950 9,373
MYRIAD GENETICS INC COM 9,768 7,938
NCR ATLEOS CORPORATION COM USD0.01 WI 9,422 10,413
NCR VOYIX CORP COM STK USD0.01 10,032 9,882
NEOGEN CORP COM 10,941 9,761
NEOGENOMICS INC COM NEW COM NEW 4,874 5,603
NETSCOUT SYS INC COM 12,532 12,368
NETSTREIT CORP COM USD0.01 6,083 5,434
NEW JERSEY RES CORP COM 9,554 9,480
NEW YORK MORTGAGE TRUST INC 11,042 11,543
NEXTRACKER INC CL A COM USD0.0001 CL A 16,641 16,767
NICOLET BANKSHARES INC COM 9,760 9,547
NMI HOLDINGS INC COMMON STOCK 10,264 9,741
NOBLE CORPORATION PLC COM 11,909 11,241
NORTHERN OIL & GAS INC COM NEW 9,647 9,094
NORTHFIELD BANCORP INC DEL COM USD0.01 14,128 13,014
NORTHWEST NAT HLDG CO COM 10,739 10,365
NOVANTA INC NOVANTA INC 17,611 15,735
NOVOCURE LTD COM USD0.00 5,169 9,685
NUVALENT INC CL A CL A 11,107 9,315
OCEANEERING INTL INC COM 10,551 10,510
OCEANFIRST FINL CORP COM 9,675 8,851
O-I GLASS INC COM 9,271 8,163
OLD NATL BANCORP IND COM 12,858 13,197
OMNICELL INC COM 9,896 9,794
ONE GAS INC COM 12,134 11,565
ONESPAWORLD HLDGS LTD COM USD0.0001 12,247 13,174
OPENLANE INC 8,655 9,384
OPTION CARE HEALTH INC COM NEW COM NEW 16,357 15,219
ORCHID IS CAP INC COM USD0.01 6,801 6,826
ORIGIN BANCORP INC COM STK USD 5.00 9,201 9,121
ORMAT TECHNOLOGIES INC COM 16,671 14,763
ORRSTOWN FINL SVCS INC COM 9,862 9,409
OSCAR HEALTH INC CL A CL A 11,467 9,892
OSI SYS INC COM 9,244 9,544
OTTER TAIL CORP 10,914 10,338
P10 INC COM CL A COM CL A 9,409 9,785
PACS GROUP INC COM 4,812 2,609
PAGERDUTY INC COM 9,765 9,386
PALOMAR HLDGS INC COM 10,516 10,559
PAPA JOHNS INTL INC COM 10,014 8,871
PAR TECHNOLOGY CORP COM 9,616 10,101
PARK NATL CORP COM 3,626 3,600
PATRICK INDS INC COM 7,584 6,979
PATTERSON-UTI ENERGY INC COM 12,668 13,117
PBF ENERGY INC CL A CL A 11,020 9,585
PEABODY ENERGY CORP NEW 9,876 8,376
PEAPACK-GLADSTONE FINL CORP COM 11,679 11,218
PELOTON INTERACTIVE INC 8,980 10,640
PENNYMAC FINL SVCS INC NEW COM 9,762 9,499
PEOPLES BANCORP INC COM STK 12,201 11,440
PERELLA WEINBERG PARTNERS COM USD0.0001 CL A 11,502 11,324
PERIMETER SOLUTIONS INC COM USD0.0001 5,349 5,444
PHILLIPS EDISON & CO INC COM NEW COM NEW 6,052 6,048
PHINIA INC COM USD0.01 WI 9,439 9,104
PIPER SANDLER COMPANIES COM USD0.01 16,672 15,597
PJT PARTNERS INC COM CL A COM CL A 13,267 13,414
PLEXUS CORP COM 12,099 12,362
PLYMOUTH INDL REIT INC COM 15,099 14,216
POTLATCHDELTIC CORPORATION 9,503 8,792
POWELL INDS INC COM 10,168 8,423
POWER INTEGRATIONS INC COM 13,213 12,772
PRESTIGE CONSUMER HEALTHCARE INC COM 6,292 6,560
PRICESMART INC COM STK 13,604 13,733
PRIMORIS SVCS CORP COM 13,293 13,690
PRIVIA HEALTH GROUP INC COM 10,739 10,518
PROCEPT BIOROBOTICS CORP COM 12,202 11,675
PROG HOLDINGS INC COM 9,609 8,706
PROGRESS SOFTWARE CORP COM 9,260 8,991
PROGYNY INC COM 10,516 12,386
PROTAGONIST THERAPEUTICS INC COM 10,699 9,727
PROTO LABS INC COM 11,861 12,665
PTC THERAPEUTICS INC COM 12,081 12,955
Q2 HLDGS INC COM 19,001 20,130
QUAKER CHEM CORP COM 8,938 7,883
QUALYS INC COM USD0.001 14,073 14,302
QUANEX BLDG PRODS CORP COM STK 11,305 9,526
RADNET INC COM STK 16,143 14,806
RAMBUS INC DEL COM 15,180 15,541
RAPID7 INC COM 9,580 9,695
RED ROCK RESORTS INC CL A CL A 10,164 9,294
REMITLY GLOBAL INC COM 9,501 12,075
RESIDEO TECHNOLOGIES INC COM USD0.001 10,493 10,027
REV GROUP INC COM 5,524 6,035
REVOLUTION MEDICINES INC COM 24,192 21,389
RHYTHM PHARMACEUTICALS INC COM 10,230 10,468
RIOT PLATFORMS INC COM NPV 10,217 9,046
RLJ LODGING TR L P COM REIT 4,328 4,921
RMR GROUP INC CL A CL A 13,701 12,590
RUSH ENTERPRISES INC CL A CL A 13,099 12,547
RXO LLC COM 13,555 11,586
RXSIGHT INC COM 8,549 6,773
RYMAN HOSPITALITY PPTYS INC COM 12,068 11,393
SABRA HEALTH CARE REIT INC COM 9,319 9,006
SALLY BEAUTY HLDGS INC COM STK USD0.01 9,282 7,576
SANMINA CORP COM 11,973 12,183
SCANSOURCE INC COM 6,242 6,074
SCHOLAR ROCK HLDG CORP COM 5,052 7,952
SCORPIO TANKERS INC COM USD0.01 (POST REV SPLIT) 9,295 8,298
SELECT MED HLDGS CORP COM 10,975 10,613
SELECT WATER SOLUTIONS INC 5,892 6,302
SELECTIVE INS GROUP INC COM 17,963 17,301
SEMTECH CORP COM 11,986 13,978
SENSIENT TECHNOLOGIES CORP COM 6,808 6,271
SHAKE SHACK INC CL A CL A 14,830 16,355
SIGNET JEWELERS LTD ORD USD0.18 12,567 10,896
SILICON LABORATORIES INC COM 13,366 14,410
SIMPLY GOOD FOODS CO COM 11,616 12,201
SITIME CORP COM 11,959 12,228
SKYWARD SPECIALTY INS GROUP INC COM 9,237 9,400
SKYWEST INC COM 12,522 12,216
SL GREEN RLTY CORP COM 15,727 14,470
SM ENERGY CO COM 13,183 11,822
SMARTFINANCIAL INC COM NEW COM NEW 16,751 15,614
SOLARIS ENERGY INFRA STRUCTURE INC 6,197 11,339
SONOS INC COM 5,631 6,888
SOUNDHOUND AI INC CL A CL A 7,596 16,705
SOUTH PLAINS FINL INC COM 7,907 7,541
SOUTHERN MO BANCORP INC COM 11,673 10,613
SOUTHSTATE CORP COM 16,874 16,016
SOUTHWEST GAS HLDGS INC COM 10,965 10,324
SPROUT SOCIAL INC COM CL A COM CL A 8,635 8,599
SPROUTS FMRS MKT INC COM 37,754 35,961
SPS COMM INC COM 18,335 17,847
SPX TECHNOLOGIES INC COM 19,968 17,753
STEPAN CO COM 9,113 7,958
STEPSTONE GROUP INC CL A CL A 15,725 14,412
STERLING INFRASTRUCTURE INC COM STK USD0.01 15,244 14,655
STK YARDS BANCORP INC COM NPV 10,085 10,097
STONEX GROUP INC COM 10,592 10,973
STRATEGIC ED INC 9,000 8,875
STRIDE INC COM USD 12,795 14,342
SUNCOKE ENERGY INC COM USD0.01 7,214 7,747
SUNRUN INC COM 5,658 5,171
SUNSTONE HOTEL INVS INC NEW COM 7,927 9,305
SUPERNUS PHARMACEUTICALS INC COM STK 9,916 10,306
SURGERY PARTNERS INC COM 10,411 8,934
SWEETGREEN INC CL A CL A 12,050 10,836
SYLVAMO CORP COM 9,756 9,008
SYNAPTICS INC COM 10,460 10,532
SYNDAX PHARMACEUTICALS INC COM 13,015 10,470
TALOS ENERGY INC COM STK 9,176 8,399
TARSUS PHARMACEUTICALS INC COM 9,203 10,631
TAYLOR MORRISON HOME CORP COM USD0.00001 14,427 13,099
TEGNA INC COM 11,871 12,570
TEJON RANCH CO COM 17,109 17,077
TELADOC HEALTH INC 9,849 9,317
TELEPHONE & DATA SYS INC COM STK 9,836 11,256
TENABLE HLDGS INC COM 15,986 15,043
TEREX CORP NEW COM 12,369 10,954
TERRENO RLTY CORP 15,521 14,859
TEXAS CAP BANCSHARES INC DEL COM 10,304 9,775
TG THERAPEUTICS INC COM 12,123 12,853
THE BALDWIN INSURANCE GROUP INC CLASS A COMMON STOCK 12,487 10,698
THE MARZETTI COMPANY 12,428 11,600
THE ODP CORP COM 9,556 7,800
THERMON GROUP HLDGS INC 6,179 6,013
TIDEWATER INC NEW COM 9,485 9,684
TOMPKINS FINL CORP COM USD0.10 5,096 5,494
TOPGOLF CALLAWAY BRANDS CORP 8,683 7,774
TOWNEBANK PORTSMOUTH VA COM 15,655 15,234
TRANSMEDICS GROUP INC COM 11,574 8,293
TRANSOCEAN LTD 12,463 11,434
TREEHOUSE FOODS INC COM 12,774 12,787
TRI POINTE HOMES INC 9,182 8,013
TRICO BANCSHARES COM STK 11,180 10,444
TRIMAS CORP COM NEW COM NEW 12,095 11,410
TRINET GROUP INC COM USD0.000025 9,839 9,531
TRINITY IND INC COM 9,730 9,196
TRONOX HOLDINGS PLC ORD USD0.01 9,302 8,046
TRUPANION INC COM 8,575 7,905
TTM TECHNOLOGIES INC COM 9,905 10,717
TWIST BIOSCIENCE CORP COM 10,538 10,828
TXNM ENERGY INC COM NPV 11,477 12,047
U M H PPTYS INC COM STK 15,711 15,331
U S PHYSICAL THERAPY COM 10,160 10,202
UFP INDUSTRIES INC COM USD1.00 14,481 12,392
UFP TECHNOLOGIES INC COM 8,682 7,580
ULTRA CLEAN HLDGS INC COM 9,668 9,095
UMB FINL CORP COM STK 10,949 10,522
UNIFIRST CORP MASS COM 9,419 8,394
UNITED PARKS & RESORTS INC 8,796 9,047
UNITIL CORP COM 20,018 18,641
UNIVERSAL HEALTH RLTY INCOME TR SH BEN INT SH BEN INT 14,190 13,172
UNIVERSAL INS HLDGS INC COM 8,996 9,056
UNIVEST FINANCIAL CORP 18,601 18,031
UPSTART HLDGS INC COM 15,553 13,792
URANIUM ENERGY CORP COM 10,757 9,339
URBAN EDGE 7,000 6,794
URBAN OUTFITTERS INC COM 10,049 12,952
UTZ BRANDS INC COM USD0.0001 CL A 10,106 9,200
VAL NATL BANCORP COM 12,063 11,138
VALARIS LTD COM USD0.40 15,151 14,201
VARONIS SYS INC COM 16,429 13,951
VAXCYTE INC COM 34,188 29,060
VERACYTE INC COM 11,661 12,395
VERICEL CORP COM 9,089 9,939
VERRA MOBILITY CORP 11,519 11,340
VERTEX INC CL A CL A 9,120 10,137
VIAVI SOLUTIONS INC COM NPV 11,878 11,807
VICTORIAS SECRET & CO COM 9,055 10,604
VICTORY CAP HLDGS INC DEL CL A CL A 11,185 11,586
VISHAY PRECISION GROUP INC COM 4,560 4,389
VISTEON CORP COM NEW COM NEW 10,564 10,292
WALKER & DUNLOP INC COM . 13,049 11,665
WARBY PARKER INC CL A COM CL A COM 8,699 10,362
WARRIOR MET COAL INC COM 11,663 9,872
WASHINGTON TR BANCORP INC COM 7,592 6,928
WATTS WTR TECHNOLOGIES INC 10,001 9,555
WD 40 CO COM STK 11,531 10,435
WERNER ENTERPRISES INC COM 11,474 10,812
WESBANCO INC COM 11,064 10,645
WILEY JOHN & SONS INC CL A 10,569 9,562
WOLVERINE WORLD WIDE INC COM 8,963 8,902
WORKIVA INC COM CL A COM CL A 13,654 16,425
WORLD KINECT CORPORATION COM USD0.01 7,057 6,699
XENIA HOTELS & RESORTS INC COM 8,655 8,733
YELP INC COM 6,357 7,043
ZETA GLOBAL HLDGS CORP CL A CL A 14,877 11,370
ZIFF DAVIS INC COM USD0.001 10,024 10,216
ZURN ELKAY WATER SOLUTIONS CORPORATION 13,489 13,055
ZYMEWORKS DEL INC COM 10,064 10,014
#REORG/JAMES EXCHANGE JAMES 2C1NAV5 07-01-2025 14,467 12,570
ADR ADR SONIC HEALTHCARE SPON ADR EACH REP 1 ORD SHS 12,398 11,726
ADR BHP GROUP LTD SPONSORED ADR 54,091 48,488
ADR BRAMBLES LTD SPONSORED ADR 22,011 20,974
ADR COCHLEAR LTD ADR UNSPON 13,483 12,543
ADR COMMONWEALTH BANK OF AUSTRALIA SPONSORED ADR 71,335 69,354
ADR COMPUTERSHARE LTD SPONSORED ADR SPONSORED ADR 7,983 9,024
ADR CSL LTD SPONSORED ADR 38,567 36,600
ADR FORTESCUE METALS GROUP LTD SPONSORED ADR 13,206 12,059
ADR MACQUARIE GROUP LTD ADR NEW 45,645 41,514
ADR NATIONAL AUSTRALIA BK LTD SPONSORED ADR 46,770 42,557
ADR QBE INS GROUP LTD SPONSORED 9,797 9,693
ADR SOUTH32 LTD SPONSORED ADR 14,699 13,133
ADR WOODSIDE ENERGY GROUP LTD SPONSORED ADR 24,704 24,071
ANZ GROUP HLDGS LTD SPONSORED ADR 40,250 35,303
TELSTRA GROUP LTD SPONSORED ADR 10,958 10,499
TREASURY WINE ESTATES LTD SPONSORED ADR 11,604 10,778
ERSTE GROUP BANK AG EFF 8/11/08 8,622 9,649
ADR ANHEUSER BUSCH INBEV SA/NV SPONSOREDADR 28,274 24,634
ADR KBC GROUP NV 5,833 5,940
ADR B3 S A - BRASIL BOLSA BALCAO ADR UNSPN EACH ADS REP 3 ORD SHS 4,235 4,087
ADR CENTRAIS ELETRICAS BRASILEIRAS S A SPONSORED ADR REPSTG COM 4,241 3,845
ADR COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SABESP SPONSORED A 5,609 4,915
ADR COSAN SA SPON ADS EACH REP 1 ORD SHS CL A WI 1,444 898
ADR EMBRAER S A SPONSORED ADR REPSTG 4 COM SHS 2,519 2,788
ADR ITAU UNIBANCO HLDG SA SPONSORED ADR REPSTG 500 PFD PFD ADR 5,434 4,412
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR 21,029 19,491
ADR SENDAS DISTRIBUIDORA S A SPONSORED ADR 2,815 2,016
ADR SUZANO SA 5,233 5,330
ADR TELEFONICA BRASIL SA ADR 1,445 1,163
ADR TOTVS SA ADR 7,497 6,820
ADR ULTRAPAR PARTICIPACOES S A SPONSORED# US90400P1012 10,667 9,181
ADR VALE S A ADR 8,102 6,927
BRF S.A ADR 1,512 1,487
INTER & CO INC COM USD0.0000025 CLASS A 1,452 950
NU HOLDINGS LTD 16,901 13,282
STONECO LTD COM CLASS A 1,453 1,028
WEG SA SPONSORED ADR 12,443 12,036
XP INC COM USD0.00001 CLASS A 4,476 3,081
#REORG/BARRICK CHANGE BARRICK 211ZAU4 05-09-2025 4,964 4,232
AGNICO-EAGLE MINES LTD COM NPV 11,229 11,028
BANK MONTREAL QUE COM 23,639 23,971
BANK N S HALIFAX COM STK 25,527 25,195
BCE INC COM NEW COM NEW 12,884 11,387
BROOKFIELD ASSET MGMT LTD CL A LTD VTG SHS 15,964 15,823
BROOKFIELD CORP VTG SHS CL A 27,099 27,461
BROOKFIELD RENEWABLE CORP NEW CL A EXCHANGEABLE SUB VOTING SHS 4,191 3,872
CAE INC COM NPV 4,361 5,355
CAMECO CORP COM 8,003 7,709
CANADIAN IMPERIAL BK COMM TORONTO ONT COM STK 25,116 25,248
CANADIAN NAT RES LTD COM CANADIAN NATURAL RESOURCE COM STK 34,993 32,231
CANADIAN NATL RY CO COM 23,394 21,825
CANADIAN PAC KANS CITY LTD 29,248 27,625
CENOVUS ENERGY INC COM 12,072 11,287
CGI INC COM STOCK 10,754 10,604
DESCARTES SYS GROUP INC COM 5,325 5,566
ENBRIDGE INC COM 40,454 41,115
FIRSTSERVICE CORP COM NPV 13,257 12,870
FORTIS INC COM STK 21,252 20,411
FRANCO NEV CORP COM STK 10,781 10,583
GFL ENVIRONMENTAL INC. COM NPV SUB VTG SHS 7,214 7,527
GILDAN ACTIVEWEAR INC COM 5,271 5,176
IMPERIAL OIL LTD COM NEW COM NEW 14,998 12,563
KINROSS GOLD CORP COM NPV NEW 1,539 1,455
MAGNA INTERNATIONAL INC COMMON STOCK 5,245 5,140
MANULIFE FINL CORP COM 24,450 24,046
NUTRIEN LTD COM NPV 11,569 11,187
PAN AMERN SILVER CORP COM 1,399 1,294
PEMBINA PIPELINE CORPORATION COMMON STOCK 23,336 21,283
RB GLOBAL INC COM NPV 14,222 14,253
RESTAURANT BRANDS INTL INC COM NPV 17,683 16,769
ROGERS COMMUNICATIONS INC CL B NON VTG CL B 9,171 8,190
ROYAL BK CDA MONTREAL QUE COM NPV 61,701 60,255
SHOPIFY INC CL A SUB VTG SHS SHOPIFY INC 43,466 44,978
STANTEC INC COM STK 12,951 12,262
SUN LIFE FINANCIAL INC. 16,087 16,022
SUNCOR ENERGY INC NEW COM STK 19,491 17,769
TC ENERGY CORPORATION COM NPV 27,924 27,707
TECK RESOURCES LIMITED 11,996 10,457
TFI INTL INC COM 5,790 5,557
THOMSON REUTERS CORP FORMERLY COM NO PAR 21,114 20,368
TORONTO DOMINION BK ONT COM NEW COM NEW 34,164 33,062
WEST FRASER TIMBER LTD COM 10,570 9,816
WHEATON PRECIOUS METALS CORP COM 11,526 10,686
ADR ENN ENERGY HLDGS LTD ADR 1,387 1,394
ADR SOCIEDAD QUIMICA Y MINERA DE CHILE SA SPONSORED ADR REPSTG SER B SHS 10,969 10,254
ADR ALIBABA GRP HLDG LTD SPON ADS E ACH REP 8 ORD SHS ADS 66,024 59,692
ADR ANHUI CONCH CEM CO LTD ADR 10,196 9,566
ADR AUTOHOME INC SPONSORED ADR REPST CL A 9,074 8,611
ADR BAIDU INC SPON ADS EACH REP 8 ORD SHS 10,197 9,443
ADR BANK CHINA LTD ADR ADR 4,756 4,943
ADR BEONE MEDICINES LTD 4,298 4,248
ADR BILIBILI INC ADS REPSTG SHS CL Z 4,285 3,894
ADR BOC HONG KONG HLDGS LTD SPONSORED ADR 18,845 18,324
ADR BYD CO LTD ADR 24,652 23,993
ADR CHINA CONSTR BK CORP ADR 25,604 26,715
ADR CHINA MERCHANTS BK CO LTD 5,622 5,707
ADR HAIER SMART HOME CO LTD ADR 10,287 9,884
ADR HENGAN INTL GROUP CO LTD ADR 5,174 5,184
ADR IND & COMM BK OF-UNSPON ADR ADR IND & COMM BK OF-UNSPON ADR 12,850 13,851
ADR IQIYI INC SPONSORED ADR 2,692 2,585
ADR JD COM INC SPONSORED ADS REPSTG COM CL A 19,132 17,127
ADR KE HLDGS INC SPONSORED ADS 9,842 8,915
ADR LEGEND BIOTECH CORP SPON ADS EACH REP 2 ORD SHS 9,395 7,907
ADR LI AUTO INC SPONSORED ADS 10,255 10,388
ADR LI NING CO LTD ADR 2,749 2,746
ADR MEITUAN UNSPON ADS EACH REP 2 ORD SHS CL B 39,624 35,123
ADR MINISO GROUP HLDG LTD SPONSORED ADS REPSTG ORD SHS 2,987 4,037
ADR NETEASE INC SPONSORED ADR ADR EACH REPR 25 COM STK USD0.0001 14,131 14,095
ADR NIO INC ADS 9,215 8,367
ADR PDD HOLDINGS INC SPON ADS EACH REP 4 ORD SHS 30,335 25,120
ADR PING AN INSURANCE SPONSORED ADR REPSTG 2 H SHS 15,804 15,051
ADR QFIN HOLDINGS INC 1,993 2,303
ADR TENCENT HLDGS LTD ADR 118,582 118,219
ADR TENCENT MUSIC ENTMT GROUP ADS 5,281 4,971
ADR TRIP COM GRP LTD 18,099 18,744
ADR VIPSHOP HLDGS LTD SPONSORED ADR 9,436 8,904
ADR WILMAR INTL LTD ADR 24,416 23,432
ADR XIAOMI CORP 28,335 34,889
ADR XPENG INC ADS 4,896 4,657
ADR ZTO EXPRESS CAYMAN INC SPONSORED ADR 10,129 9,247
ANTA SPORTS PRODS LTD ADR ADR 9,399 8,687
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED 4,236 3,767
H WORLD GROUP LTD SPONSORED ADR 9,614 8,984
YUM CHINA HLDGS INC COM 7,348 7,466
#REORG/ BANCOLOMBIA S A EXCHANGE GRUPO CIBEST SA 2A14AN5 05-19-2025 14,171 13,895
#REORG/PANDORA A/S EXCHANGE PANDORA A/S 2619AE4 02-06-2025 3,271 3,906
ADR CARLSBERG AS SPONSORED ADR 8,613 7,914
ADR COLOPLAST A/S SPONSORED ADR 10,013 8,797
ADR DANSKE BK A/S SPONSORED ADR 14,943 14,320
ADR DSV A/S ADR UNSP EACH REPR 0.5 ORD 19,612 19,116
ADR NOVO-NORDISK A S ADR 115,026 90,321
ADR ORSTED A/S ADR 5,791 4,389
ADR VESTAS WIND SYS A/S UNSPONSORED ADR REPSTG 3 ORD SHS 12,021 10,926
GENMAB A/S SPONSORED ADR 4,809 4,591
ADR KONE OYJ ADR 12,052 11,050
ADR NOKIA CORP SPONSORED ADR 20,789 20,706
ADR SAMPO OYJ ADR ADR 12,186 11,496
ADR STORA ENSO CORP SPONSORED ADR REPSTGSER R SHS 5,054 4,574
ADR UPM KYMMENE CORP ADR 12,818 12,212
NORDEA BANK ABP SPON ADS EACH REP 1 ORD SHS 7,172 6,828
ADR AIR LIQUIDE ADR 40,448 37,249
ADR ARKEMA SPONSORED ADR 11,302 10,312
ADR AXA SA SPONSORED ADR 20,716 19,925
ADR BNP PARIBAS SPONSORED ADR REPSTG 19,436 18,420
ADR CAPGEMINI S E ADR 5,414 4,869
ADR COMPAGNIE DE ST GOBAIN ADR 19,148 18,236
ADR DANONE SPONSORED ADR 22,437 21,558
ADR DASSAULT SYS S A SPONSORED ADR 4,837 4,753
ADR ENGIE S A SPONSORED ADR 14,004 13,404
ADR ESSILORLUXOTTICA SA 25,703 25,582
ADR HERMES INTL SCA ADR 22,969 23,903
ADR KERING S A ADR 2,796 2,956
ADR L OREAL S A ADR 24,859 23,235
ADR LEGRAND S A ADR 14,532 13,324
ADR LVMH MOET HENNESSY LOUIS VUITTON ADR 56,282 55,543
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR 12,370 11,604
ADR ORANGE SPONSORED ADR 9,453 8,945
ADR PERNOD RICARD S A SPONSORED ADR 8,997 8,318
ADR PUBLICIS GROUPE S.A. AMERICAN DEPOSITARY RECEIPTS - SPONSORED 6,850 6,792
ADR RENAULT S A ADR 2,653 2,976
ADR SAFRAN ADR 33,007 31,828
ADR SCHNEIDER ELECTRIC SE 48,836 46,662
ADR SOCIETE GENERALE FRANCE SPONSORED ADR 4,275 4,407
ADR STMICROELECTRONICS N V SHS-N Y REGISTRY SHS-N Y REGISTRY 8,949 8,590
ADR THALES UNSPONSORED ADR 5,937 5,285
ADR TOTALENERGIES SE SPONSORED ADR 41,153 36,477
ADR VEOLIA ENVIRONNEMENT SPONSORED ADR 5,161 4,608
ADR VINCI S A ADR 21,872 20,534
AIRBUS SE UNSPON ADR EA REPR 0.25 ORD EUR1 30,876 32,027
ALSTOM ADR 4,887 4,796
SANOFI SPONSORED ADR 38,120 36,558
SODEXO 6,481 6,426
ADR ADIDAS AG SPONSORED ADR 14,940 14,612
ADR ALLIANZ SE UNSPON ADS EACH REP 1/10 ORD SHARES 39,678 38,480
ADR BASF AKTIENGESELLSCHAFT - LEVEL I 18,625 17,183
ADR BAYER A G SPONSORED ADR 5,632 4,490
ADR BAYERISCHE MOTOREN WERKE AG UNSPON ADR EACH REP 3 ORD SHS 7,776 8,767
ADR BRENNTAG SE UNSP ADR EA REPR 1/10 ORD SHS 4,685 4,485
ADR COMMERZBANK A G SPONSORED ADR NEW 2,602 2,313
ADR CONTINENTAL AG SPONSORED ADR ISIN #US2107712000 1,622 1,653
ADR DAIMLER TRUCK HOLDING AG SPON ADS EACH REP 0.5 ORD SHS 5,961 5,821
ADR DEUTSCHE BOERSE ADR 25,723 25,541
ADR DEUTSCHE LUFTHANSA A G SPONSORED 3,021 2,746
ADR DEUTSCHE TELEKOM AG SPONSORED ADR 34,601 33,671
ADR DR ING H C F PORSCHE AG ADR 2,961 2,687
ADR E ON SE SPONSORED ADR 13,646 12,292
ADR FRESENIUS MEDICAL CARE AG 1,477 1,675
ADR HENKEL AG & CO KGAA 11,940 11,573
ADR INFINEON TECHNOLOGIES AG SPONSORED ADR ADR STK ISIN# US45662N1037 16,632 16,118
ADR MERCEDES-BENZ GROUP AG ADR 19,024 18,021
ADR MERCK KGAA SPONSORED ADR DEPOSITARY RECEIPT 4,910 4,438
ADR MTU AERO ENGINES HLDGS AG ADR 6,753 6,959
ADR MUNICH RE GROUP ADR 27,143 25,551
ADR RWE AKTIENGESELLSCHAF 9,635 8,779
ADR SIEMENS AG COM DM50 (NEW) 44,192 42,926
ADR SYMRISE AG ADR 14,442 13,205
ADR VONOVIA SE ADR 10,675 9,963
ADR ZALANDO SE ADR 1,454 1,495
COVESTRO AG- SPONSORED ADR 10,885 10,310
DEUTSCHE BK AG COM STK ISIN DE0005140008 SDL 505964X 8,557 8,406
DEUTSCHE POST AG SPONSORED ADR 10,188 9,283
FRESENIUS SE & CO KGAA SPONSORED ADR 4,017 4,025
HEIDELBERG MATLS AG SPONSORED ADR 4,711 5,348
SAP SE-SPONSORED ADR 80,906 83,465
SIEMENS ENERGY AG ADR 9,187 9,885
ADR PIRAEUS FINL HLDGS S A ADR NEW 2021 19,106 18,842
ADR AIA GROUP LTD SPONSORED ADR 37,108 35,103
ADR CLP HLDG LTD 21,947 21,478
ADR FUTU HLDGS LTD SPONSORED ADS 5,304 4,425
ADR GEELY AUTOMOBILE HLDGS LTD 5,849 6,472
ADR JARDINE MATHESON HLDGS LTD ADR 16,557 16,509
ADR LENOVO GROUP LTD SPONSORED ADR 16,131 16,583
ADR SUN HUNG KAI PROP LTD NEW 17,149 16,015
ADR SWIRE PAC LTD SPONSORED ADR REPSTG 1CL A SH 10,540 11,245
ADR TECHTRONIC INDS LTD SPONSORED ADR 13,394 12,597
ADR WH GROUP LTD SPONSORED ADR 5,107 4,971
GDR MOL MAGYAR OLAJ- ES GAZIPARI RT SPONSORED GDR REG S SPONSORED GDR REG S 11,369 11,638
ADR HDFC BK LTD ADR REPSTG 3 SHS 72,761 74,716
ADR WIPRO LTD SPONSORED ADR REPSTG 1 SH SPONSORED ADR REPSTG 1 SH COM 73,999 75,940
DR REDDYS LABS LTD ADR REPSTG 1/2 SH 92,891 98,593
INFOSYS LIMITED ADR 84,897 81,433
ADR PT BK CENT ASIA TBK ADR 37,328 33,811
ADR PT BK RAKYAT ADR TO PUR SHS B 9,305 8,106
ADR PT UTD TRACTORS TBK ADR 12,336 12,170
PT BANK MANDIRI TBK UNSPON ADR 19,642 16,686
ADR KERRY GROUP PLC SPONSORED ADR 13,859 14,391
ADR NICE LTD SPONSORED ADR 5,547 5,435
CHECK PT SOFTWARE TECHNOLOGIES ORDILS.01 15,126 14,749
CYBER-ARK SOFTWARE LTD COM ILS0.01 6,594 7,329
ELBIT SYS LTD 22,563 24,047
GLOBAL E ONLINE LTD COM NPV 5,357 7,471
ICL-ISRAEL CHEMICALS ILS1 5,334 6,131
MONDAY COM LTD COM NPV 5,178 4,473
WIX.COM LTD COM ILS0.01 5,963 7,509
ADR ASSICURAZIONI GENERALI S P A 16,293 15,860
ADR ENI SPA SPONSORED ADR 14,142 13,051
ADR INTESA SANPAOLO S P A SPONSORED ADR REPSTG ORD SHS ADR 17,783 17,050
ADR PRYSMIAN SPA 13,385 12,520
ADR UNICREDIT SPA ADR NEW 2017 23,694 22,258
FERRARI N V FERRARI N V COMMON S TOCK 27,550 25,915
STELLANTIS N.V 13,158 12,920
ADR ADVANTEST CORP SPONSORED ADR NEW 20,909 20,594
ADR AEON CO LTD 10,038 9,650
ADR ASICS CORP ADR 4,715 5,297
ADR ASTELLAS PHARMA INC ADR 11,465 10,481
ADR CANON INC SPONSORED ADR 22,625 22,299
ADR CENTRAL JAPAN RY CO ADR 7,677 6,807
ADR CHUGAI PHARMACEUTICALS CO LTD 7,463 7,821
ADR DAIFUKU CO LTD ADR 3,593 3,622
ADR DAIICHI SANKYO CO LTD SPONSORED ADR LEVEL 1 SPONSORED ADR LEVEL 1 18,610 16,893
ADR DAIWA HOUSE IND LTD ADR 9,835 10,039
ADR DISCO CORP ADR 10,128 9,831
ADR EAST JAPAN RY CO ADR 14,080 13,227
ADR FAST RETAILING CO LTD ADR 28,841 28,342
ADR FUJI ELEC HLDGS CO LTD ADR 8,022 7,524
ADR FUJIFILM HLDGS CORP ADR 2 ORD ADR 20,008 17,892
ADR FUJITSU LTD ADR 5 COM 14,683 13,433
ADR HITACHI LTD ADR 2 COM 44,614 42,536
ADR HONDA MTR LTD ADR REPRESENTING 1 ORDSHS 22,923 23,297
ADR HOYA CORP SPONSORED ADR 16,535 15,252
ADR INPEX HLDGS INC ADR ADR 12,249 11,501
ADR ISUZU MTRS LTD 6,448 6,910
ADR JAPAN AIRLS LTD ADR 19,872 19,371
ADR KDDI CORP ADR 19,400 19,227
ADR KIRIN HOLDINGS CO LTD SPONSORED ADR 4,238 3,868
ADR KOMATSU LTD SPONSORED ISIN US5004584018 12,195 12,239
ADR KUBOTA CORP 9,858 8,845
ADR LASERTEC CORP ADR 4,591 3,770
ADR LY CORPORATION LTD UNSP ADS EA REPR 2 ORD SHS 4,965 4,846
ADR M3 INC ADR 2,887 2,953
ADR MAKITA CORP (NEW) 7,250 7,116
ADR MARUBENI CORP ADR 10,705 10,372
ADR MAZDA MTR CORP ADR 5,045 4,967
ADR MITSUBISHI ELEC CORP ADR ISIN #US6067762012 16,080 16,063
ADR MITSUBISHI ESTATE LTD ADR MITSUBISHIEST ADR + 10,972 10,613
ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR 45,419 46,224
ADR MIZUHO FINL GROUP INC SPONSORED ADR 25,426 26,259
ADR MONOTARO CO LTD ADR 1,974 1,986
ADR NIDEC CORP SPONSORED ADR 5,083 5,138
ADR NINTENDO LTD ADR 22,239 23,525
ADR NISSAN MTR LTD SPONSORED ADR 11,614 14,142
ADR NITTO DENKO CORP ADR 11,308 11,635
ADR NOMURA HLDGS INC SPONSORED ADR 7,385 7,608
ADR OMRON CORP SPONSORED ADR 10,171 9,565
ADR PAN PACIFIC INTL HOLDINGS CORP UNSPON ADS EACH REP 0.25 ORD SHS 6,384 6,958
ADR PANASONIC HOLDINGS CORP UNSPON ADR EACH REP 1 ORD 5,996 6,714
ADR RECRUIT HLDGS CO LTD ADR 34,135 35,763
ADR RENESAS ELECTRONICS CORP ADR REPSTG 1/2 COM SHS 12,326 11,625
ADR ROHM CO LTD ADR 4,259 3,926
ADR SECOM LTD ADR 22,649 22,056
ADR SEKISUI HOUSE LTD SPONSORED ADR 13,339 12,887
ADR SEVEN & I HLDGS CO LTD ADR 18,898 18,573
ADR SHIMANO INC ADR 5,961 5,352
ADR SHIN ETSU CHEM CO LTD ADR 28,511 25,276
ADR SHISEIDO LTD SPONSORED ADR 4,533 3,983
ADR SMC CORP JAPAN SPONSORED ADR 13,588 12,403
ADR SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS 43,005 45,642
ADR SUMITOMO CORP SPONSORED ADR 13,903 13,775
ADR SUMITOMO METAL MNG CO LTD ADR 5,376 4,528
ADR SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR 32,957 34,182
ADR TDK CORP 21,959 22,110
ADR TERUMO CORP ADR 6,053 5,948
ADR TOKIO MARINE HLDGS INC ADR COM STK 29,228 28,060
ADR TOKYO ELECTRON LTD ADR 32,531 30,951
ADR TOTO LTD ADR 6,946 6,473
ADR TOYOTA MTR CORP SPONSORED ADR 65,901 73,368
ADR UNICHARM CORP SPONSORED ADR 9,629 10,454
ADR WEST JAPAN RY CO ADR 9,647 9,336
ADR YASKAWA ELEC CORP ADR 1,691 1,375
AJINOMOTO CO INC ADR-EACH CNV INTO 10 ORD Y50 6,354 6,548
BRIDGESTONE CORP ADR-EACH CNV INTO 10 ORD Y50 17,278 16,109
DAIKIN INDS LTD ADR 13,083 12,498
EISAI CO LTD ADR 1,425 1,051
FANUC CORPORATION 12,175 11,919
ITOCHU CORP ADR-EACH CNV INTO 10 Y50 SHS 26,034 25,133
NOMURA RESEARCH INSTITUTE UNSP ADR EACH REP 1 ORD SHS 4,760 4,760
OLYMPUS CORP ADR 5,722 4,866
OTSUKA HLDGS CO LTD ADR 14,104 13,264
SHIONOGI & CO LTD ADR 3,576 3,731
SOFTBANK GROUP CORPORATION ADR 19,363 18,618
SOMPO HOLDINGS INC ADR UNSP ADR EACH REP 0.50 ORD 8,407 9,889
SUMITOMO MITSUI TRUST GROUP INC 16,307 16,121
SYSMEX CORP ADR 1,631 1,536
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 19,021 18,377
ADR KB FINL GROUP INC SPONSORED ADR REPSTG 1 COM SH ADR 36,092 31,864
ADR POSCO HOLDINGS INC ADR EACH REP 1/4 ORD KRW5000 (BNY) 35,984 29,311
ADR SHINHAN FINL GROUP CO LTD SPONSORED ADR 34,099 29,329
ADR WOORI FINL GROUP INC 46,921 42,375
KT CORPORATION SPON ADR EACH REP 1/2 ORD SHS KRW5000 ADR 11,525 11,826
ADR GALAXY ENTMT GROUP LTD ADR 6,842 6,801
ADR SANDS CHINA LTD UNSPONSORED ADR 5,785 6,302
ADR CEMEX SAB DE CV 1,393 1,297
ADR COCA-COLA FEMSA S.A.B DE C.V. 1,392 1,246
ADR FOMENTO ECONOMICO MEXICANO SAB DE CV 13,448 12,653
ADR GRUPO AEROPORTUAIRO DEL PACIFICO SABDE CV 5,090 4,900
ADR GRUPO AEROPORTUARIO DEL CENTRO NORTES A B DE C V SPONSORED ADR 4,630 4,805
ADR GRUPO FINANCIERO BANORTE S A B DE C 11,904 10,657
ADR WAL-MART DE MEX SAB DE CV 4,253 3,960
GRUPO AEROPORTUARIO DEL SURESTES.A.B DEC.V. 5,191 4,895
ADR ADYEN N V ADR 6,519 7,330
ADR AKZO NOBEL N V SPONSORED ADR NEW 7,776 7,242
ADR ARGENX SE SPONSORED ADS 19,956 20,910
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT) 101,987 93,566
ADR HEINEKEN N V SPONSORED ADR LEVEL 1 1,938 1,627
ADR ING GROEP N V SPONSORED ADR 13,035 12,630
ADR KONINKLIJKE AHOLD DELHAIZE N V SPONSORED ADR NEW 2016 8,385 8,148
ADR NN GROUP NV ADR 6,077 5,416
ADR ROYAL KPN NV SPONSORED ADR 1,908 1,685
ADR UNIVERSAL MUSIC GROUP NV ADS 5,725 6,099
ADR WOLTERS KLUWER N V SPONSORED ADR 25,862 25,257
AEGON LTD AMER REGD CERT 1,414 1,331
AERCAP HOLDINGS N.V. EUR0.01 12,221 12,154
COCA-COLA EUROPACIFIC PARTNERS 6,490 6,452
KONINKLIJKE PHILIPS NV 10,934 9,925
ADR SPARK NEW ZEALAND LTD SPONSORED ADR 11,871 10,529
ADR DNB BK ASA SPONSORED ADR 6,780 6,507
ADR EQUINOR ASA SPONSORED ADR 14,515 14,309
ADR MOWI ASA SPON ADS EACH REP 1 ORD SHS 2,288 2,167
ADR NORSK HYDRO A S SPONSORED ADR 11,641 10,486
ADR TELENOR ASA SPONSORED ADR 4,609 4,233
CREDICORP LTD COM STK 9,931 9,533
SOUTHN COPPER CORP DEL COM 17,429 15,310
ADR PLDT INC SPONSORED ADR 25,892 24,764
BDO UNIBANK INC SPONSORED ADR 13,230 12,776
GALP ENERGIA SGPS SA ADR 9,375 8,860
ADR DBS GROUP HLDGS LTD SPONSORED ADR 55,213 56,082
ADR SEA LTD ADR 19,063 18,780
ADR SINGAPORE TELECOMMUNICATIONS LTD SPONSORED ADR NEW 2006 30,907 29,469
#REORG/ANGLO AMERN REVERSE STOCK SPLIT ANGLO AMERN 2A1JAX5 06-02-2025 10,742 10,650
ADR GOLD FIELDS LTD NEW SPONSORED ADR 8,882 8,052
ADR HARMONY GOLD MNG LTD SPONSORED ADR 1,388 1,174
ADR SASOL LTD SPONSORED ADR 10,184 8,413
ADR STD BK GROUP LTD SPONSORED ADR 32,633 28,501
ADR VALTERRA PLATINUM LIMITED 1,456 1,189
ANGLOGOLD ASHANTI PLC ORD USD1 2,171 1,846
NASPERS SPON ADR EACH REP 0.2 ORD SHS (P/S)CL N 22,503 20,610
ADR AENA SME S A ADR 12,390 11,838
ADR AMADEUS IT GROUP S A ADS 12,769 12,556
ADR BANCO BILBAO VIZCAYA ARGENTARIA S A SPONSORED ADR 21,076 20,082
ADR CAIXABANK ADR 14,274 13,549
ADR CELLNEX TELECOM S A ADR 9,592 8,606
ADR GRIFOLS S A SPONSORED ADR REPSTG 1/2CL B NON VTG NEW 2,632 2,120
ADR IBERDROLA S A SPONSORED ADR REPSTG 1ORD SHS 37,074 35,400
ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR 31,102 28,520
ADR REPSOL S A SPONSORED ADR 5,857 5,515
BANCO SANTANDER S.A. 20,080 18,550
#REORG/EPIROC AB UNSPON ADS EXCHANGE EPIROC AKTIEBOLAG 211KAM4 04-24-2025 10,922 10,051
ADR ALFA LAVAL AB SWEDEN ADR 11,654 10,922
ADR ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM CLASS A 22,948 20,320
ADR BOLIDEN AB ADR 12,025 11,066
ADR EVOLUTION AB ADR UNSP ADR EACH REPR 1 ORD 9,366 8,223
ADR GETINGE AB ADR 2,645 2,753
ADR HEXAGON AB ADR 21,264 21,646
ADR SANDVIK AB ADR 6,066 5,460
ADR SKF AB SPONSORED ADR PAR S KR 12.50 5,029 4,991
ADR SWEDBANK A B SPONSORED ADR 8,013 7,880
ADR VOLVO AB ADR 19,848 18,958
GDR ASSA ABLOY AB ADR 18,313 17,199
SPOTIFY TECHNOLOGY S A COM EUR0.025 29,749 27,290
SVENSKA HANDELSBANKEN AB ADR 4,988 5,141
ADR ABB LTD SPONSORED ADR 38,986 36,362
ADR ADECCO GROUP AG ADR 10,914 9,678
ADR COMPAGNIE FINANCIERE RICHEMONT AG SWITZ ADR 28,656 29,601
ADR DSM-FIRMENICH AG SPONSORED ADR 7,356 6,922
ADR GIVAUDAN SA ADR 28,090 26,123
ADR JULIUS BAER GROUP LTD-UN ADR 7,370 7,726
ADR LONZA GROUP AG ADR 18,142 17,634
ADR NOVARTIS AG 68,686 63,057
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104 70,241 66,412
ADR SONOVA HLDG AG UNSP ADR 10,468 9,756
ADR STRAUMANN HLDG AG ADR 2,295 1,868
ADR SWATCH GROUP AG ADR 5,080 4,711
ADR ZURICH INS GROUP LTD SPONSORED 42,093 40,972
ALCON AG COM USD0.04 WI 16,993 16,129
GDR NESTLE S A SPONSORED ADR REPSTG REG SH 79,074 72,141
GDR SWISSCOM SPONSORED ADR 11,826 11,205
LOGITECH INTERNATIONAL SA CHF0.25(REGD) (POST-SUBD) 15,049 14,905
UBS GROUP AG COMMON STOCK 38,283 36,293
ADR CHUNGHWA TELECOM CO LTD SPONSORED ADR NEW 2011 79,258 78,576
ADR TAIWAN SEMICONDUCTOR MANUFACTURING ADS REP 5 TWD10 374,343 382,179
ADR UNITED MICROELECTRONICS CORP SPONSORED ADR NEW 46,273 42,055
ASE TECHNOLOGY HOLDING CO LTD ADR 42,661 42,596
ADR TURKCELL ILETISIM HIZMET ADS EACH REPR 2.5 TRADABLE SHS TRY1 17,717 17,636
ADR 3I GROUP ADR 18,739 18,520
ADR ASHTEAD GROUP PLC ADR 15,420 12,959
ADR ASSOCIATED BRIT FOODS LTD ADR NEW 2,584 2,242
ADR ASTRAZENECA PLC SPONSORED ADR UNITEDKINGDOM 71,265 67,224
ADR AUTO TRADER GROUP PLC ADR 6,326 5,713
ADR BAE SYS PLC SPONSORED ADR 26,467 23,436
ADR BARCLAYS PLC ADR 7,421 7,775
ADR BRIT AMERN TOB PLC SPONSORED 33,129 33,459
ADR BUNZL PLC SPONSORED ADR NEW 9,502 8,709
ADR COMPASS GROUP PLC SPON ADR EACH REP 1 ORD SHS (POST SPLT) 29,861 29,962
ADR GSK PLC 24,547 23,391
ADR HSBC HLDGS PLC SPONSORED ADR NEW 59,268 62,023
ADR IMPERIAL BRANDS PLC SPONSORED ADR 10,413 11,331
ADR INTERCONTINENTAL HOTELS GROUP PLC NEW SPON ADS EACH REPR 1 ORD SHS 7,418 7,995
ADR J SAINSBURY PLC SPONSORED ADR NEW 3,149 3,455
ADR LEGAL & GEN GROUP PLC SPONSORED ADR 10,055 9,911
ADR LONDON STK EXCHANGE GROUP ADR 37,070 37,546
ADR MARKS & SPENCER GROUP P L C SPONSORED ADR 9,067 8,506
ADR NATIONAL GRID PLC SPONSORED ADR NEW 2017 25,355 23,887
ADR PEARSON PLC SPONSORED ADR 7,143 8,173
ADR PERSIMMON ADR 2,834 2,670
ADR PRUDENTIAL PLC ADR ISIN #US74435K2042 5,234 4,925
ADR RECKITT BENCKISER GROUP PLC SPONSORED ADR 22,922 22,477
ADR RELX PLC SPONSORED ADR 42,379 41,332
ADR RENTOKIL INITIAL PLC SPONSORED ADR 6,177 6,355
ADR RIO TINTO PLC SPONSORED ADR 27,746 25,582
ADR SAGE GROUP PLC ADR NEW UNSPON ADR EAREPR 4 ORD(POST REV SPLIT) 9,713 9,861
ADR SEVERN TRENT PLC SPONSORED ADR 13,530 12,824
ADR SMITH & NEPHEW GROUP P L C SPONSOREDADR NEW 5,423 4,965
ADR SMITHS GROUP PLC SPONSORED ADR 6,632 6,585
ADR SPONSORED ADR 13,102 11,599
ADR TESCO PLC SPONSORED ADR NEW 20,833 20,806
ADR UNILEVER PLC SPONSORED ADR NEW 56,055 52,844
ADR UNITED UTILS GROUP PLC SPONSORED ADR 14,473 13,951
ADR WHITBREAD PLC SPON ADR EACH REPR 1 ORD SHS 9,570 9,635
ADR WPP PLC ADR DR EACH REPR 5 SHS 5,409 5,500
AVIVA PLC ADR NEW 5,949 5,636
BERKELEY GROUP HLDGS PLC ADR NEW 4,065 3,639
DIAGEO PLC SPONSORED ADR NEW 24,143 23,773
EXPERIAN PLC 19,098 17,007
LLOYDS BANKING GROUP PLC-ADR 10,476 9,789
NATWEST GROUP PLC SPON ADS EACH REPR 2 ORD SHS WI 7,496 7,912
ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG ORD SH 67,886 64,467
STANDARD CHARTERED PLC ADR 5,671 5,863
#REORG/ QIAGEN NV EXCHANGE QIAGEN NV 241VAQ4 01-29-2025 1,407 1,425
#REORG/JBS EXCHANGE JBS 2C1RAM5 06-11-2025 4,426 4,504
ADR HOLCIM LTD NEW SPON ADS EACH REPR 0.20 ORD SHS 32,640 31,310
ADR SWISS RE LTD SPONSORED ADR 22,530 22,807
BRP INC COM SUB VTG BRP INC SUBORDINATE VTG NPV 1,401 1,224
HALEON PLC ADR 21,919 21,265
CHINA MENGNIU DAIRY CO LTD ADR ADR 1,476 1,468
STATE STREET CORPORATION HYBRID 249,219 250,021
JM SMUCKER CO 3.375% 12/15/2027 USD SR LIEN NEXT CALL 147,481 147,223
CROWN CASTLE INC 5.0% 01/11/2028 USD SR LIEN NEXT CALL 147,057 145,853
MORGAN STANLEY BANK NA HYBRID 01/14/2028 USD SER 344,698 342,462
PHILIP MORRIS INTERNATIONAL IN 3.125% 03/02/2028 USD 255,105 253,019
BANCO SANTANDER SA HYBRID 03/14/2028 USD SER 203,042 201,734
AMERICAN TOWER CORP 5.5% 03/15/2028 USD SR LIEN 148,391 147,139
B.A.T. CAPITAL CORPORATION 2.259% 03/25/2028 USD SR 103,632 102,899
VIRGINIA ELEC & POWER CO 3.8% 04/01/2028 USD SER A SR 149,183 147,311
INTERCONTINENTAL EXCHANGE, INC 3.625% 09/01/2028 SER 140,555 139,004
BARCLAYS PLC HYBRID 09/10/2028 SR LIEN CPN 09/10/24 206,049 204,729
AIR LEASE CORP 4.625% 10/01/2028 USD SER 10Y SR LIEN 205,781 203,477
FOX CORPORATION 4.709% 01/25/2029 USD SER WI SR LIEN 147,220 145,295
TRUIST FINANCIAL CORPORATION HYBRID MTN 01/26/2029 102,200 101,489
BANK OF NY MELLON CORP HYBRID 02/01/2029 USD SR LIEN 345,664 343,336
CARDINAL HEALTH, INC. 5.125% 02/15/2029 USD SR LIEN 148,101 146,218
AON NORTH AMERICA, INC. 5.15% 03/01/2029 USD SR LIEN 197,119 194,623
BANK OF AMERICA CORPORATION HYBRID MTN 03/05/2029 346,587 344,275
JPMORGAN CHASE & CO. HYBRID 04/23/2029 USD SR LIEN 250,396 248,248
WASTE CONNECTIONS INC 3.5% 05/01/2029 USD SR LIEN 195,569 192,770
AEP TEXAS INC. 5.45% 05/15/2029 USD SR LIEN NEXT CALL DT. 194,237 191,578
TOYOTA MOTOR CREDIT CORP 5.05% 05/16/2029 USD SR LIEN 253,056 249,746
MIZUHO FINANCIAL GROUP, INC. HYBRID 05/27/2029 USD SR 243,507 240,465
SIMON PROPERTY GROUP, L.P. 2.45% 09/13/2029 USD SR LIEN 203,135 200,551
MCKESSON CORPORATION 4.25% 09/15/2029 SR LIEN NEXT 132,225 130,980
BUNGE LTD FINANCE CORP 4.2% 09/17/2029 SR LIEN NEXT CALL 198,438 195,948
VERIZON COMMUNICATIONS, INC. 4.016% 12/03/2029 USD 196,123 193,809
UNITEDHEALTH GROUP INCORPORATE 4.8% 01/15/2030 SR 99,023 97,606
ING GROEP NV HYBRID 03/19/2030 USD SR LIEN CPN 03/19/24 247,038 242,973
CITIGROUP INC. HYBRID 03/20/2030 USD SR LIEN CPN 248,167 245,432
AMERICAN EXPRESS COMPANY HYBRID 04/25/2030 USD SR 339,788 335,116
HORMEL FOODS CORP 1.8% 06/11/2030 USD SR LIEN NEXT 247,319 244,204
BANK OF MONTREAL HYBRID 09/10/2030 SR LIEN CPN 346,378 341,318
CANADIAN IMPERIAL BANK OF COMM HYBRID 09/11/2030 SR 248,113 244,918
BRISTOL-MYERS SQUIBB COMPANY 5.75% 02/01/2031 USD 342,764 337,077
EVERSOURCE ENERGY 5.85% 04/15/2031 USD SR LIEN NEXT 346,646 340,851
EBAY INC. 2.6% 05/10/2031 USD SR LIEN NEXT CALL DT. 02 10 196,223 192,246
NXP B.V. 2.5% 05/11/2031 USD SER WI SR LIEN NEXT CALL DT. 197,260 194,409
GENERAL MOTORS FINL CO 5.6% 06/18/2031 USD SR LIEN 146,586 145,699
UNITEDHEALTH GROUP INC 4.95% 01/15/2032 SR LIEN 244,967 239,972
AERCAP IRELAND CAPITAL DESIGNA 3.3% 01/30/2032 USD 197,103 193,475
BAXTER INTERNATIONAL INC 2.539% 02/01/2032 USD SR 147,745 145,135
HSBC HOLDINGS PLC HYBRID 05/24/2032 USD SR LIEN CPN 177,394 173,373
DIAGEO CAPITAL PLC 5.5% 01/24/2033 USD SR LIEN NEXT CALL 244,372 239,390
ENERGY TRANSFER LP 5.75% 02/15/2033 USD SR LIEN NEXT 147,161 144,961
ENBRIDGE INC 5.7% 03/08/2033 USD SR LIEN 196,452 192,067
PFIZER INVESTMENT ENTERPRISES 4.75% 05/19/2033 USD SR 340,081 332,213
FISERV, INC. 5.625% 08/21/2033 USD SR LIEN 147,083 144,549
U.S. BANCORP HYBRID 10/21/2033 USD SR LIEN CPN 100,277 98,153
PNC FINANCIAL SERVICES GROUP, HYBRID 01/24/2034 USD SR 101,435 99,447
DOW CHEMICAL CO/THE 5.15% 02/15/2034 USD SR LIEN 195,928 190,728
REALTY INCOME CORP 5.125% 02/15/2034 USD SR LIEN 245,715 240,115
THE CIGNA GROUP 5.25% 02/15/2034 USD SR LIEN 195,911 191,295
MPLX LP 5.5% 06/01/2034 USD SR LIEN 144,996 142,062
AUTOZONE, INC. 5.4% 07/15/2034 SR LIEN 146,000 143,185
COMCAST CORPORATION 5.65% 06/15/2035 SR LIEN S&P 242,440 235,860
ORACLE CORPORATION 3.85% 07/15/2036 USD SR LIEN 114,010 111,411
U.S. TREASURY NOTE 3.750000% 04/15/2026 AO ON THE RUN 995,573 993,630
U.S. TREASURY NOTE 0.375000% 09/30/2027 MS ON THE RUN 1,993,137 1,975,895
U.S. TREASURY NOTE 1.250000% 09/30/2028 MS ON THE RUN 636,716 628,194
U.S. TREASURY NOTE 1.750000% 11/15/2029 597,925 587,009
U.S. TREASURY NOTE 0.875000% 11/15/2030 948,193 926,078
U.S. TREASURY NOTE 1.375000% 11/15/2031 1,343,775 1,309,010
U.S. TREASURY BOND 4.750000% 02/15/2037 1,151,130 1,110,202
VEEVA SYS CL A 16,400 16,507
ACCRUED INVESTMENT INCOME 0 188,560

TY 2024 InvestmentsOtherSchedule2
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PARTNERSHIPS AT COST 28,387,399 46,558,124

TY 2024 LegalFeesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT RELATED COUNSEL 57,472 57,472   0


TY 2024 OtherAssetsSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CUMULATIVE BOOK/TAX DIFFERENCES 16,820,466 3,774,003 0


TY 2024 OtherDecreasesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Description Amount
NET ASSET ADJUSTMENT 601,902


TY 2024 OtherExpensesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
K-1 EXPENSES 585,566 551,406   0
BANK FEES 156 156   0
INSURANCE 201 201   0
POSTAGE 17 0   17


TY 2024 OtherIncomeSchedule2
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY INCOME FROM K-1 652,124 652,124 652,124
UBI INCOME FROM K-1 187,171 0 187,171
FEDERAL TAX REFUND 53,001   53,001


TY 2024 OtherIncreasesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Description Amount
UNREALIZED GAIN ON CONTRIBUTED SHARES 25,069


TY 2024 OtherProfessionalFeesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 1,509,345 1,509,345   0
OTHER PROFESSIONAL FEES 2,236 2,236   0


TY 2024 ReductionExplanationStatement
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Explanation:
A QUALIFIED VALUATION CONSULTANT PERFORMED A BLOCKAGE DISCOUNT STUDY REGARDING THE BELOW STOCKS AND DETERMINED THAT THE SHARES WOULD HAVE TO BE LIQUIDATED OVER AN EXTENDED PERIOD OF TIME IN ORDER TO REALIZE THEIR FAIR MARKET VALUE (FMV) AND AVOID ADVERSELY IMPACTING THE MARKET FOR THESE SHARES. BLOCK 1 - ROLLINS, INC. : AS OF 12/31/24, THE FOUNDATION HELD 5,224,829 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 4.35 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 8.2%. AVERAGE MONTHLY FMV DURING 2024: $254,686,269; DISCOUNT: $20,884,274. BLOCK 2 - RPC, INC.: AS OF 12/31/24, THE FOUNDATION HELD 1,859,279 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 3.33 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 7.6%. AVERAGE FMV DURING 2023: $9,082,914; DISCOUNT: $690,301.

TY 2024 TaxesSchedule
Name:
THE MA-RAN FOUNDATION
 
C/O RFA MANAGEMENT CO LLC
EIN:
58-6263945
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX 87,063 0   0
PAYROLL TAX 10,722 0   10,722
INVESTMENT TAX 1,697 1,697   0
STATE SOURCED TAX WITHHOLDING 0 4,486   0