| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 00287YBF5 ABBVIE INC | 5,351 | 5,055 |
| 00287YBX6 ABBVIE INC | 5,272 | 4,849 |
| 10373QAE0 BP CAP MARKETS AMERI | 5,085 | 5,032 |
| 172967KY6 CITIGROUP INC | 14,324 | 14,912 |
| 23338VAK2 DTE ELECTRIC CO | 20,654 | 20,451 |
| 38141GWV2 GOLDMAN SACHS GROUP | 10,528 | 9,941 |
| 437076BT8 HOME DEPOT INC | 14,556 | 14,763 |
| 548661DM6 LOWE'S COS INC | 23,803 | 24,899 |
| 89153VAQ2 TOTAL CAPITAL INTL S | 5,036 | 4,923 |
| 94974BGH7 WELLS FARGO & COMPAN | ||
| 06051GJT7 BANK OF AMERICA CORP | 20,050 | 18,353 |
| 126650CX6 CVS HEALTH CORP | 10,531 | 10,033 |
| 14448CAN4 CARRIER GLOBAL CORP | ||
| 25746UCE7 DOMINION RESOURCES I | ||
| 29444UBE5 EQUINIX INC | 5,108 | 4,800 |
| 29446MAF9 EQUINOR ASA | 5,197 | 4,817 |
| 375558BX0 GILEAD SCIENCES INC | 9,597 | 9,579 |
| 46647PCC8 JPMORGAN CHASE & CO | 31,882 | 30,164 |
| 61772BAB9 MORGAN STANLEY | 9,882 | 9,913 |
| 74340XBR1 PROLOGIS LP | 9,099 | 8,757 |
| 816851BG3 SEMPRA ENERGY | 5,103 | 4,924 |
| 89114QCP1 TORONTO-DOMINION BAN | ||
| 91324PDK5 UNITEDHEALTH GROUP I | 15,657 | 14,984 |
| 00206RGQ9 AT&T INC | 19,937 | 20,025 |
| 015271AU3 ALEXANDRIA REAL ESTA | 5,091 | 5,067 |
| 023135CF1 AMAZON.COM INC CALL | ||
| 03027XAM2 AMERICAN TOWER CORP | 5,028 | 4,953 |
| 316773DJ6 FIFTH THIRD BANCORP | 10,025 | 10,403 |
| 91159HJF8 US BANCORP | 10,006 | 10,083 |
| 92343VER1 VERIZON COMMUNICATIO | ||
| 92343VFR0 VERIZON COMMUNICATIO | 8,670 | 8,802 |
| 00914AAM4 AIR LEASE CORP | 4,424 | 4,926 |
| 031162DP2 AMGEN INC | 9,998 | 10,234 |
| 29250NAL9 ENBRIDGE INC | 4,900 | 5,010 |
| 341081GG6 FLORIDA POWER & LIGH | 8,342 | 9,024 |
| 58507LBB4 MEDTRONIC GLOBAL HLD | 9,942 | 10,077 |
| 716973AE2 PFIZER INVESTMENT EN | 14,931 | 15,159 |
| 87264ACZ6 T-MOBILE USA INC | 5,021 | 5,093 |
| 94106LBW8 WASTE MANAGEMENT INC | 9,553 | 10,259 |
| 174610BH7 CITIZENS FINANCIAL G | 19,514 | 19,920 |
| 24422EXP9 JOHN DEERE CAPITAL C | 29,856 | 29,987 |
| 254687FL5 WALT DISNEY COMPANY/ | 4,335 | 4,675 |
| 29273RBK4 ENERGY TRANSFER PART | 4,859 | 5,002 |
| 63743HFP2 NATIONAL RURAL UTIL | 9,899 | 10,327 |
| 036752BH5 ELEVANCE HEALTH INC | 19,990 | 19,970 |
| 055451BJ6 BHP BILLITON FIN USA | 15,372 | 15,477 |
| 06368L8L3 BANK OF MONTREAL | 19,928 | 20,253 |
| 06406RCB1 BANK OF NY MELLON CO | 19,604 | 19,538 |
| 06418GAH0 BANK OF NOVA SCOTIA | 20,437 | 20,422 |
| 10373QBZ2 BP CAP MARKETS AMERI | 14,464 | 14,406 |
| 11135FCD1 BROADCOM INC | 15,256 | 15,029 |
| 12592BAR5 CNH INDUSTRIAL CAP L | 5,118 | 5,157 |
| 13607QFD9 CANADIAN IMPERIAL BA | 20,070 | 20,076 |
| 14040HBW4 CAPITAL ONE FINANCIA | 19,911 | 19,918 |
| 14448CAQ7 CARRIER GLOBAL CORP | 5,498 | 5,649 |
| 20030NEJ6 COMCAST CORP | 19,548 | 19,581 |
| 26441CBT1 DUKE ENERGY CORP | 7,582 | 7,974 |
| 30040WAK4 EVERSOURCE ENERGY | 20,364 | 20,301 |
| 756109BR4 REALTY INCOME CORP | 15,453 | 15,402 |
| 78017DAA6 ROYAL BANK OF CANADA | 20,374 | 20,371 |
| 808513CE3 CHARLES SCHWAB CORP | 14,941 | 14,997 |
| 863667BL4 STRYKER CORP | 15,456 | 15,403 |
| 87264ADE2 T-MOBILE USA INC | 10,241 | 10,214 |
| 89788MAG7 TRUIST FINANCIAL COR | 20,042 | 20,050 |
| 95000U3P6 WELLS FARGO & COMPAN | 19,501 | 19,675 |
| 95040QAM6 WELLTOWER INC | 10,226 | 10,189 |
| 961214ET6 WESTPAC BANKING CORP | 19,931 | 19,869 |
| 98978VAW3 ZOETIS INC | 20,153 | 20,108 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 101121101 BXP INC REIT | ||
| 125269100 CF INDUSTRIES HOLDIN | ||
| 125523100 THE CIGNA GROUP | ||
| 126402106 CSW INDUSTRIALS INC | 3,214 | 10,567 |
| 126408103 CSX CORP | ||
| 126501105 CTS CORP | 13,933 | 15,219 |
| 126650100 CVS HEALTH CORPORATI | ||
| 127055101 CABOT CORP | 5,522 | 8,418 |
| 136375102 CANADIAN NATL RAILWA | 2,034 | 5,832 |
| 147448104 CASELLA WASTE SYS IN | 5,209 | 12,340 |
| 159864107 CHARLES RIV LABORATO | ||
| 165303108 CHESAPEAKE UTILITIES | 7,546 | 9,607 |
| 171269103 CHUGAI PHARMACEUTIC- | 8,801 | 19,519 |
| 172908105 CINTAS CORP | 6,596 | 23,133 |
| 192446102 COGNIZANT TECHNOLOGY | ||
| 205887102 CONAGRA BRANDS INC | ||
| 207410101 CONMED CORP | 16,824 | 10,800 |
| 210771200 CONTINENTAL AG SPONS | ||
| 217204106 COPART INC | ||
| 231021106 CUMMINS INC | ||
| 237194105 DARDEN RESTAURANTS I | ||
| 237266101 DARLING INGREDIENTS | 5,800 | 9,036 |
| 237545108 DASSAULT SYSTEMS SA | 1,269 | 6,533 |
| 252131107 DEXCOM INC | ||
| 254543101 DIODES INC | 19,074 | 15,641 |
| 254687106 DISNEY WALT CO | 15,270 | 14,335 |
| 258278100 DORMAN PRODUCTS INC | 3,422 | 7,761 |
| 277432100 EASTMAN CHEM CO | ||
| 293712105 ENTERPRISE FINANCIAL | 7,148 | 8,802 |
| 297178105 ESSEX PPTY TR INC RE | ||
| 302081104 EXLSERVICE HOLDINGS | 3,280 | 10,058 |
| 303075105 FACTSET RESH SYS INC | ||
| 311900104 FASTENAL CO | ||
| 320817109 FIRST MERCHANTS CORP | 8,737 | 9,333 |
| 339750101 FLOOR & DECOR HOLDIN | ||
| 344419106 FOMENTO ECONOMICO ME | 17,665 | 22,336 |
| 346375108 FORM FACTOR INC | 4,439 | 17,738 |
| 353514102 FRANKLIN ELECTRIC IN | 5,357 | 19,106 |
| 361448103 GATX CORP | 4,220 | 13,568 |
| 384109104 GRACO INC | ||
| 422806109 HEICO CORP NEW | ||
| 426281101 HENRY JACK & ASSOC I | ||
| 428291108 HEXCEL CORP | 3,425 | 13,006 |
| 437076102 HOME DEPOT INC | 11,974 | 25,463 |
| 438128308 HONDA MOTOR CO LTD | 15,707 | 15,654 |
| 438516106 HONEYWELL INTL INC | 18,508 | 20,484 |
| 440327104 HORACE MANN EDUCATOR | 3,532 | 5,449 |
| 441593100 HOULIHAN LOKEY INC | 5,210 | 20,032 |
| 444859102 HUMANA INC | ||
| 446413106 HUNTINGTON INGALLS I | ||
| 451107106 IDACORP INC | 6,819 | 11,770 |
| 461202103 INTUIT SOFTWARE | ||
| 478160104 JOHNSON & JOHNSON | ||
| 483007704 KAISER ALUMINUM CORP | 10,943 | 16,310 |
| 493732101 K.FORCE INC | 7,320 | 7,235 |
| 500458401 KOMATSU LTD | 11,505 | 11,049 |
| 500643200 KORN FERRY | 7,326 | 11,421 |
| 502117203 L OREAL CO | 5,409 | 19,528 |
| 513272104 LAMB WESTON HOLDING | ||
| 532457108 ELI LILLY & CO | 4,377 | 52,659 |
| 537008104 LITTELFUSE INC | 6,993 | 17,451 |
| 539439109 LLOYDS BANKING GROUP | 20,047 | 37,227 |
| 566324109 MARCUS & MILLICHAP I | 8,905 | 8,733 |
| 574599106 MASCO CORP | ||
| 587376104 MERCANTILE BANK CORP | 4,271 | 6,782 |
| 592688105 METTLER TOLEDO INTL | ||
| 594918104 MICROSOFT CORP | 5,706 | 147,988 |
| 595017104 MICROCHIP TECHNOLOGY | ||
| 606776201 MITSUBISHI ELEC CORP | 8,260 | 19,314 |
| 609839105 MONOLITHIC POWER SYS | ||
| 615369105 MOODY'S CORP | ||
| 615394202 MOOG INC | 1,850 | 15,831 |
| 617446448 MORGAN STANLEY | 8,506 | 28,405 |
| 620076307 MOTOROLA SOLUTIONS I | 6,626 | 15,333 |
| 626717102 MURPHY OIL CORP | ||
| 641069406 NESTLE S.A. | 31,242 | 34,474 |
| 654106103 NIKE INC CLASS B | ||
| 665859104 NORTHERN TRUST CORP | ||
| 666807102 NORTHROP GRUMMAN COR | ||
| 670108109 NOVONESIS (NOVOZYMES | 5,149 | 6,298 |
| 681116109 OLLIE'S BARGAIN OUTL | 2,865 | 7,015 |
| 682189105 ON SEMICONDUCTOR COR | ||
| 682680103 ONEOK INC NEW | ||
| 713448108 PEPSICO INC | ||
| 729132100 PLEXUS CORP | 5,276 | 11,172 |
| 742718109 PROCTER & GAMBLE CO | 11,235 | 16,911 |
| 743315103 PROGRESSIVE CORP OHI | ||
| 754730109 RAYMOND JAMES FINANC | 16,826 | 18,147 |
| 759351604 REINSURANCE GROUP OF | 1,641 | 11,597 |
| 759916109 REPLIGEN CORP | ||
| 761152107 RESMED INC | ||
| 767204100 RIO TINTO PLC | 12,002 | 17,447 |
| 771195104 ROCHE HOLDING LTD SP | 26,498 | 45,743 |
| 776696106 ROPER TECHNOLOGIES I | ||
| 783549108 RYDER SYSTEM INC | 2,325 | 12,632 |
| 803054204 SAP SE SPONSORED ADR | ||
| 810186106 THE SCOTTS MIRACLE-G | 9,283 | 11,378 |
| 816300107 SELECTIVE INSURANCE | 5,725 | 12,551 |
| 824667109 SHIONOGI & CO LTD-UN | 8,885 | 8,603 |
| 833034101 SNAP ON INC | ||
| 835495102 SONOCO PRODUCTS CO | ||
| 835699307 SONY GROUP CORPORATI | 27,466 | 44,902 |
| 840441109 SOUTHSTATE CORPORATI | ||
| 860372101 STEWART INFORMATION | 6,821 | 11,312 |
| 860630102 STIFEL FINL CORP | 3,091 | 13,899 |
| 863667101 STRYKER CORP | 8,951 | 14,410 |
| 871607107 SYNOPSYS INC | ||
| 871829107 SYSCO CORP | ||
| 872540109 TJX COMPANIES INC NE | 12,256 | 23,195 |
| 874039100 TAIWAN SEMICONDUCTOR | 9,599 | 62,905 |
| 879360105 TELEDYNE TECHNOLOGIE | 15,594 | 19,918 |
| 887389104 TIMKEN CO | 1,902 | 7,235 |
| 893641100 TRANSDIGM GROUP INC | 18,092 | 18,618 |
| 898402102 TRUSTMARK CORP | 5,904 | 11,140 |
| 902252105 TYLER TECHNOLOGIES I | ||
| 902788108 UMB FINL CORP | 12,984 | 20,017 |
| 902973304 US BANCORP DEL COM N | ||
| 909907107 UNITED BANKSHARES IN | 7,695 | 9,830 |
| 910340108 UNITED FIRE GROUP IN | ||
| 911271302 UNITED OVERSEAS BK L | 16,691 | 32,610 |
| 922475108 VEEVA SYSTEMS INC-CL | ||
| 978097103 WOLVERINE WORLD WIDE | 7,720 | 5,917 |
| 74762E102 QUANTA SVCS INC | 2,795 | 22,791 |
| 00287Y109 ABBVIE INC | 8,277 | 21,250 |
| 00724F101 ADOBE INC | ||
| 00783V104 ADYEN NV-UNSPON ADR | 5,393 | 10,700 |
| 00971T101 AKAMAI TECHNOLOGIES | ||
| 02079K107 ALPHABET INC/CA-CL C | ||
| 02079K305 ALPHABET INC/CA-CL A | 6,013 | 150,240 |
| 02319V103 AMBEV SA-SPN ADR ADR | ||
| 03027X100 AMERICAN TOWER CORP | ||
| 04911A107 ATLANTIC UNION BANKS | 21,644 | 23,051 |
| 05946K101 BANCO BILBAO VIZCAYA | 5,277 | 19,114 |
| 05964H105 BANCO SANTANDER S A | 8,940 | 36,398 |
| 08160H101 BENCHMARK ELECT | 14,348 | 18,772 |
| 11133T103 BROADRIDGE FINANCIAL | ||
| 11135F101 BROADCOM INC | 6,834 | 86,871 |
| 12504L109 CBRE GROUP INC | ||
| 12514G108 CDW CORP/DE | ||
| 12562Y100 CK HUTCHISON HOLDIN- | 34,500 | 24,376 |
| 14808P109 CASS INFORMATION SYS | 5,698 | 6,477 |
| 17275R102 CISCO SYSTEMS INC | ||
| 22002T108 COPT DEFENSE PROPERT | 5,356 | 5,143 |
| 22160K105 COSTCO WHOLESALE COR | 6,811 | 26,733 |
| 22160N109 COSTAR GROUP INC | ||
| 22410J106 CRACKER BARREL OLD C | ||
| 23304Y100 DBS GROUP HLDGS LTD | 6,325 | 34,244 |
| 23331A109 D R HORTON INC | ||
| 26614N102 DUPONT DE NEMOURS IN | ||
| 29265W207 ENEL SPA | 12,784 | 31,098 |
| 29275Y102 ENERSYS | 4,739 | 24,214 |
| 29362U104 ENTEGRIS, INC | 365 | 3,623 |
| 29414B104 EPAM SYSTEMS INC | ||
| 29429L105 EPIROC AKTIEBOLAG-UN | ||
| 29476L107 EQUITY RESIDENTIAL S | ||
| 30303M102 META PLATFORMS INC | 20,806 | 78,551 |
| 35958N107 FUJI FILM HOLDINGS C | 18,039 | 24,935 |
| 37940X102 GLOBAL PAYMENTS INC- | ||
| 40415F101 HDFC BANK LTD | 19,173 | 25,249 |
| 42234Q102 HEARTLAND FINL USA I | ||
| 42809H107 HESS CORPORATION | ||
| 44925C103 ICF INTERNATIONAL IN | 10,137 | 10,663 |
| 45167R104 IDEX CORP | ||
| 45168D104 IDEXX LABS INC | ||
| 45662N103 INFINEON TECHNOLOGIE | ||
| 45784P101 INSULET CORP | ||
| 45866F104 INTERCONTINENTAL EXC | ||
| 46625H100 JPMORGAN CHASE & CO | 4,897 | 54,455 |
| 55354G100 MSCI INC | ||
| 58933Y105 MERCK & CO INC | 15,681 | 20,736 |
| 59001A102 MERITAGE HOMES CORPO | 2,799 | 9,080 |
| 60786M105 MOELIS & CO | 5,267 | 14,848 |
| 66987V109 NOVARTIS AG | 7,481 | 8,962 |
| 68389X105 ORACLE CORP | ||
| 69343P105 LUKOIL PJSC-SPON ADR | 13,475 | |
| 69370C100 PTC INC | ||
| 70509V100 PEBBLEBROOK HOTEL TR | 4,205 | 3,136 |
| 72341E304 PING AN INSURANCE (G | 8,735 | 6,678 |
| 72346Q104 PINNACLE FINANCIAL | ||
| 73278L105 POOL CORP | ||
| 78409V104 S&P GLOBAL INC | 4,438 | 21,426 |
| 78467K107 SSE PLC | 22,530 | 37,685 |
| 78573M104 SABRE CORP | 31,397 | 3,847 |
| 79466L302 SALESFORCE INC | ||
| 80105N105 SANOFI SPONSORED ADR | 24,320 | 30,191 |
| 80687P106 SCHNEIDER ELECTRIC S | 12,921 | 20,655 |
| 81211K100 SEALED AIR CORP | ||
| 82929R304 SINGAPORE TELECOMMUN | ||
| 83569C102 SONOVA HLDG AG | 1,824 | 5,996 |
| 85254J102 STAG INDUSTRIES INC | 7,975 | 9,447 |
| 87155N109 SYMRISE AG | 4,437 | 6,660 |
| 87184P109 SYSMEX CORP | 10,718 | 7,859 |
| 88032Q109 TENCENT HOLDINGS LTD | 23,652 | 31,156 |
| 89531P105 TREX COMPANY INC | ||
| 89832Q109 TRUIST FINANCIAL COR | ||
| 90460M204 UNI CHARM CORP | 11,105 | 5,836 |
| 91324P102 UNITEDHEALTH GROUP I | ||
| 92826C839 VISA INC | 7,364 | 30,161 |
| 92890T205 WH GROUP LTD - SPON | ||
| 92937A102 WPP PLC | 26,736 | 9,725 |
| 92939U106 WEC ENERGY GROUP INC | 2,119 | 11,812 |
| G037AX101 AMBARELLA INC | 3,372 | 4,605 |
| G1151C101 ACCENTURE PLC CLASS | ||
| G4705A100 ICON PLC SEDOL B94G4 | ||
| G7496G103 RENAISSANCE HOLDINGS | ||
| H01301128 ALCON INC | 8,232 | 10,324 |
| N97284108 NEBIUS GROUP N.V. | 2,664 | 8,287 |
| V7780T103 ROYAL CARIBBEAN CRUI | 17,953 | 22,314 |
| Y2573F102 FLEX LTD SEDOL 23530 | ||
| 000361105 AAR CORP | 5,541 | 12,419 |
| 001317205 AIA GROUP LTD | 25,590 | 41,276 |
| 001744101 AMN HEALTHCARE SERVI | 8,283 | 3,530 |
| 002824100 ABBOTT LABORATORIES | 22,128 | 22,928 |
| 007973100 ADVANCED ENERGY INDS | 11,529 | 37,268 |
| 008492100 AGREE RLTY CORP REIT | ||
| 009126202 AIR LIQUIDE | 1,901 | 8,789 |
| 012348108 ALBANY INTERNATIONAL | 3,455 | 4,969 |
| 012653101 ALBEMARLE CORP | ||
| 015271109 ALEXANDRIA REAL ESTA | ||
| 015393101 ALFA LAVAL AB-UNSPON | 6,723 | 16,527 |
| 018820100 ALLIANZ SE - UNSP AD | 17,218 | 65,596 |
| 023135106 AMAZON COM INC | 31,543 | 91,636 |
| 032095101 AMPHENOL CORP NEW CL | ||
| 037833100 APPLE INC | 6,020 | 139,464 |
| 038222105 APPLIED MATERIALS IN | ||
| 03957W106 ARCHROCK INC | 2,108 | 6,635 |
| 049255706 ATLAS COPCO AB | 1,145 | 7,737 |
| 049560105 ATMOS ENERGY CORP | 14,763 | 21,792 |
| 053332102 AUTOZONE INC | 3,892 | 16,958 |
| 05350V106 AVANOS MEDICAL INC | ||
| 053807103 AVNET INC | ||
| 055622104 BP PLC | 22,550 | 22,019 |
| 057665200 BALCHEM CORP CL B | 4,611 | 10,582 |
| 060505104 BANK OF AMERICA CORP | 17,898 | 34,375 |
| 071813109 BAXTER INTERNATIONAL | ||
| 084670702 BERKSHIRE HATHAWAY I | ||
| 088606108 BHP GROUP LTD SPONSO | ||
| 09227Q100 BLACKBAUD INC | 8,875 | 9,118 |
| 09260D107 BLACKSTONE INC | 17,130 | 18,651 |
| 099406100 BOOT BARN HOLDINGS I | 1,464 | 11,294 |
| 099724106 BORG WARNER INC. | ||
| 10316T104 BOX INC - CLASS A | 8,636 | 9,691 |
| 127387108 CADENCE DESIGN SYSTE | 19,343 | 25,319 |
| 260003108 DOVER CORP | ||
| 26876F102 ENN ENERGY HOLDINGS- | ||
| 30231G102 EXXON MOBIL CORP | 13,652 | 31,409 |
| 31620M106 FIDELITY NATIONAL IN | ||
| 33768G107 FIRSTCASH HLDGS INC | 2,583 | 15,141 |
| 40523H106 HAIER SMART HOME CO | 8,962 | 9,013 |
| 433578507 HITACHI LTD | 1,848 | 6,053 |
| 45262P102 IMPERIAL BRANDS PLC- | ||
| 45687V106 INGERSOLL RAND INC | ||
| 45826H109 INTEGER HOLDINGS COR | 20,084 | 19,529 |
| 50187T106 LGI HOMES INC | ||
| 57636Q104 MASTERCARD INC CL A | 21,252 | 37,107 |
| 62955J103 NOV INC | ||
| 70202L102 PARSONS CORP | 7,506 | 11,742 |
| 703343103 PATRICK INDUSTRIES I | 3,641 | 9,433 |
| 715684106 PERUSAHAAN PERSEROAN | 10,399 | 8,967 |
| 718172109 PHILIP MORRIS INTERN | 16,280 | 26,145 |
| 78460A106 SNAM RETE GAS-UNSPON | 29,501 | 36,157 |
| 811707801 SEACOAST BANKING COR | 12,929 | 13,762 |
| 867892101 SUNSTONE HOTEL INVS | 9,900 | 8,377 |
| 868459108 SUPERNUS PHARMACEUTI | ||
| 881575401 TESCO PLC ADR SEDOL | ||
| L44385109 GLOBANT SA SEDOL BP4 | ||
| 006739106 ADDUS HOMECARE CORP | 9,960 | 12,028 |
| 031652100 AMKOR TECHNOLOGY INC | 9,088 | 17,134 |
| 05589G102 THE BALDWIN INSURANC | 4,677 | 5,551 |
| 102117108 BOUYGUES-UNSPONSORED | 18,975 | 30,048 |
| 163072101 CHEESECAKE FACTORY I | 8,277 | 11,762 |
| 166764100 CHEVRON CORPORATION | 15,542 | 15,241 |
| 233802107 DAIFUKU CO LTD - UNS | 5,984 | 9,175 |
| 25278X109 DIAMOND BACK ENERGY | ||
| 29355X107 ENPRO INC | 7,167 | 16,060 |
| 34354P105 FLOWSERVE CORP | 8,126 | 19,288 |
| 35137L105 FOX CORP - CLASS A - | 7,220 | 13,518 |
| 37733W204 GSK PLC-SPON ADR | 28,089 | 36,633 |
| 436440101 HOLOGIC INC | ||
| 485537401 KAO CORP ADR SEDOL B | ||
| 492089107 KERING S A ADR | 13,950 | 12,837 |
| 49714P108 KINSALE CAPITAL GROU | ||
| 500472303 KONINKLIJKE PHILLIPS | 13,660 | 24,995 |
| 501889208 LKQ CORP | ||
| 56501R106 MANULIFE FINANCIAL C | 8,323 | 17,378 |
| 580135101 MCDONALD'S CORP | ||
| 609027107 MONARCH CASINO & RES | 7,215 | 10,527 |
| 665531307 NORTHERN OIL AND GAS | 13,868 | 11,465 |
| 675232102 OCEANEERING INTERNAT | 6,926 | 10,045 |
| 68621T102 ORIGIN BANCORP INC | 8,656 | 8,425 |
| 733174700 POPULAR INC SEDOL B8 | ||
| 739276103 POWER INTEGRATIONS I | 11,065 | 6,255 |
| 780259305 SHELL PLC-W/I-ADR | 27,166 | 47,174 |
| 78473E103 SPX TECHNOLOGIES | 3,738 | 14,204 |
| 80689H102 SCHNEIDER NATIONAL I | ||
| 813113206 SECOM LTD | 14,029 | 14,567 |
| 82455C101 SHIMANO INC-UNSPON A | ||
| 892330101 TOYOTA INDUSTRIES-UN | 11,646 | 23,676 |
| 90984P303 UNITED COMMUNITY BAN | 10,373 | 10,584 |
| 929042109 VORNADO REALTY TRUST | ||
| 947890109 WEBSTER FINANCIAL CO | ||
| 005098108 ACUSHNET HOLDINGS CO | 6,651 | 10,297 |
| 020002101 ALLSTATE CORP | ||
| 032654105 ANALOG DEVICES INC | ||
| 045387107 ASSA ABLOY AB UNSP | 6,181 | 10,814 |
| 05550J101 BJ'S WHOLESALE CLUB | ||
| 070830104 L BRANDS INC - W/I | ||
| 09073M104 BIO-TECHNE CORP | ||
| 101137107 BOSTON SCIENTIFIC CO | 12,310 | 21,740 |
| 171484108 CHURCHILL DOWNS INC | ||
| 194014502 ENOVIS CORP | 14,827 | 8,338 |
| 21867A105 CORE LABORATORIES LU | 8,628 | 5,562 |
| 235851102 DANAHER CORP | ||
| 249906108 DESCARTES SYS GROUP | ||
| 26441C204 DUKE ENERGY HOLDING | ||
| 268150109 DYNATRACE INC | ||
| 294429105 EQUIFAX INC | ||
| 35086T109 FOUR CORNERS PROPERT | 6,761 | 6,388 |
| 359590304 FUJITSU LTD | 13,960 | 28,296 |
| 372303206 GENMAB A/S -SP ADR | 13,587 | 10,811 |
| 405552100 HALEON PLC-ADR-W/I A | 14,444 | 16,489 |
| 423452101 HELMERICH & PAYNE IN | 7,290 | 6,396 |
| 452308109 ILLINOIS TOOL WORKS | ||
| 548661107 LOWES COMPANIES INC | ||
| 57060D108 MARKETAXESS HLDGS IN | ||
| 62945V109 NV5 HOLDINGS INC | ||
| 78454L100 SM ENERGY COMPANY | ||
| 81762P102 SERVICE NOW INC | 19,334 | 22,979 |
| 829214105 SIMULATIONS PLUS INC | 8,752 | 5,834 |
| 896288107 TRINET GROUP INC | 5,913 | 3,784 |
| 915436208 UPM-KYMMENE OYJ-UNSP | 12,792 | 12,961 |
| 92338C103 VERALTO CORP-W/I | ||
| 925550105 VIAVI SOLUTIONS INC | 6,431 | 11,120 |
| G2519Y108 CREDICORP LTD | 6,450 | 12,628 |
| G4388N106 HELEN OF TROY LIMITE | ||
| G54950103 NEW LINDE PLC | 16,698 | 14,924 |
| H1467J104 CHUBB LTD | 14,981 | 23,409 |
| 000360206 AAON INC COM PAR $0. | ||
| 011311107 ALAMO GROUP INC | 11,883 | 9,736 |
| 031100100 AMETEK INC NEW | ||
| 05605H100 BWX TECHNOLOGIES INC | ||
| 09290D101 BLACKROCK FUNDING IN | 12,305 | 21,407 |
| 110448107 BRITISH AMERICAN TOB | 17,912 | 27,404 |
| 122017106 BURLINGTON STORES IN | ||
| 14174T107 CARETRUST REIT INC-W | 4,139 | 6,003 |
| 147528103 CASEYS GENERAL STORE | 16,899 | 22,108 |
| 192576106 COHU INC | 11,413 | 10,006 |
| 19624Y200 COLOPLAST A/S-SPONSO | 6,945 | 4,854 |
| 23804L103 DATADOG INC - CLASS | ||
| 25157Y202 DEUTSCHE POST AG | 26,968 | 34,728 |
| 25461D100 DISCO CORP-UNSPONSOR | 28,902 | 29,303 |
| 26701L100 DUTCH BROS INC-CLASS | ||
| 285512109 ELECTRONIC ART | ||
| 296315104 ESCO TECHNOLOGIES IN | 9,235 | 17,194 |
| 31488V107 FERGUSON ENTERPRISES | ||
| 372460105 GENUINE PARTS CO | ||
| 40052P107 GRUPO FIN BANORTE SP | 6,953 | 8,634 |
| 427866108 THE HERSHEY COMPANY | ||
| 443510607 HUBBELL INC | 16,719 | 19,541 |
| 443573100 HUBSPOT INC | ||
| 46266C105 IQVIA HOLDINGS INC | ||
| 46982L108 JACOBS SOLUTIONS INC | ||
| 48667L106 KDDI CORP | 30,988 | 33,058 |
| 500467501 KONINKLIJKE AHOLD DE | ||
| 504922105 LABCORP HOLDINGS INC | ||
| 512807306 LAM RESEARCH CORP | 5,730 | 32,524 |
| 516806205 VITAL ENERGY INC | ||
| 526107107 LENNOX INTERNATIONAL | ||
| 53815P108 LIVERAMP HOLDINGS IN | 9,730 | 9,398 |
| 562750109 MANHATTAN ASSOCS INC | ||
| 571903202 MARRIOTT INTERNATION | 14,801 | 18,925 |
| 58733R102 MERCADOLIBRE INC | 9,749 | 12,086 |
| 60921V200 MONDI PLC UNSP ADR | 18,053 | 7,930 |
| 64119V303 NETSTREIT CORP | 6,826 | 7,779 |
| 65290E101 NEXTRACKER INC-CL A | ||
| 67066G104 NVIDIA CORP | 128,328 | 173,818 |
| 68235P108 ONE GAS INC-W/I | 8,548 | 9,965 |
| 70975L107 PENUMBRA INC | ||
| 74624M102 PURE STORAGE INC - C | ||
| 775711104 ROLLINS INC | ||
| 778296103 ROSS STORES INC | ||
| 824348106 SHERWIN-WILLIAMS CO | 16,680 | 14,257 |
| 82452J109 SHIFT4 PAYMENTS INC- | ||
| 87873R101 TECHTRONIC INDUSTRIE | 7,760 | 6,161 |
| 882681109 TEXAS ROADHOUSE INC | ||
| 89417E109 THE TRAVELERS COS IN | ||
| 904767704 UNILEVER PLC W/I SPO | ||
| 92537N108 VERTIV HOLDINGS LLC | ||
| 927320101 VINCI S.A. | 22,826 | 26,822 |
| 989207105 ZEBRA TECHNOLOGIES C | ||
| 98980A105 ZTO EXPRESS CAYMAN I | ||
| N3144W105 EXPRO GROUP HOLDINGS | 11,448 | 9,532 |
| 045519402 ASSOCIATED BRIT FOOD | 26,242 | 25,764 |
| 13961R100 CAPGEMINI SE - UNSPO | 26,388 | 28,771 |
| 144285103 CARPENTER TECHNOLOGY | 9,999 | 12,594 |
| 20449X401 COMPASS GROUP PLC-SP | 8,503 | 7,838 |
| 20603L102 CONCENTRA GROUP HOLD | 7,806 | 6,829 |
| 210919106 CONTEMPORARY AMPEREX | 15,513 | 15,991 |
| 294268107 EPLUS INC | 7,324 | 8,507 |
| 29429L402 EPIROC AB-SPON ADR | 4,993 | 11,776 |
| 300426103 EVERUS CONSTRUCTION | 5,017 | 9,240 |
| 36828A101 GE VERNOVA LLC | 19,684 | 24,182 |
| 458334109 INTERPARFUMS INC | 7,361 | 6,023 |
| 51809L109 LASERTEC CORP - ADR | 19,400 | 19,099 |
| 55379N106 M3 INC - UNSP ADR | 7,927 | 7,046 |
| 580589109 MCGRATH RENTCORP | 5,615 | 5,561 |
| 58155Q103 MCKESSON CORPORATION | 17,210 | 19,687 |
| 64110W102 NETEASE INC | 9,692 | 12,248 |
| 653656108 NICE LTD | 16,149 | 14,469 |
| 66405S100 NORTHEAST BANK | 6,645 | 7,379 |
| 674388103 OBIC CO LTD ADR | 10,722 | 9,467 |
| 714264306 PERNOD RICARD SA - S | 32,739 | 26,805 |
| 74112D101 PRESTIGE CONSUMER HE | 10,087 | 8,390 |
| 75513E101 RTX CORPORATION | 21,681 | 27,327 |
| 783513203 RYANAIR HOLDINGS PLC | 8,153 | 10,468 |
| 78437M100 SF HOLDING CO LTD-UN | 6,566 | 5,929 |
| 786584102 SAFRAN SA | 8,630 | 8,966 |
| 81141R100 SEA LTD-ADR | 8,191 | 5,613 |
| 824551105 SHIN-ETSU CHEM | 4,765 | 4,929 |
| 83571B100 SONY FINANCIAL GROUP | 677 | 690 |
| 84472E102 SOUTHSTATE BANK CORP | 9,953 | 12,799 |
| 918090101 UTZ BRANDS INC | 7,765 | 5,948 |
| 93148P102 WALKER & DUNLOP INC | 9,033 | 6,556 |
| N07059210 ASML HOLDING NV-NY | 25,019 | 33,166 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 317609295 SEAFARER OVERSEAS GR | AT COST | 495,000 | 562,793 |
| 412295701 HARDING LOEVNER INST | |||
| 464287507 ISHARES CORE S&P MID | AT COST | 1,167,071 | 1,670,658 |
| 464288273 ISHARES MSCI EAFE SM | AT COST | 565,874 | 707,616 |
| 922908595 VANGUARD SMALL CAP G | AT COST | 369,133 | 736,242 |
| 03463K406 ANGEL OAK MULTI-STRA | |||
| 09250J734 BLACKROCK EVENT DRIV | AT COST | 570,000 | 610,505 |
| 09260B630 BLACKROCK HIGH YIELD | AT COST | 822,834 | 758,790 |
| 46432F842 ISHARES CORE MSCI EA | AT COST | 661,045 | 927,700 |
| 52106N459 LAZARD GLOBAL LISTED | AT COST | 328,106 | 399,580 |
| 87234N765 TCW EMERGING MARKETS | AT COST | 439,409 | 357,000 |
| 00191K609 AQR MANAGED FUTURES | AT COST | 699,636 | 736,209 |
| 27830W108 EV GL MACR ABS RTRN | AT COST | 495,000 | 540,924 |
| 77958B402 T ROWE PRICE INSTITU | AT COST | 825,000 | 774,803 |
| 00770X675 PZENA EMERG MKTS VAL | AT COST | 400,000 | 471,637 |
| 464287200 ISHARES CORE S&P 500 | AT COST | 2,130,128 | 2,163,725 |
| Description | Amount |
|---|---|
| CY PURCHASE OF ACCRUED INTEREST | 3,526 |
| ROC ON CY SALES | 3,026 |
| PY RETURN OF CAPITAL ADJUSTMENT | 447 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CLASS ACTION FILING FEES | 175 | 175 | 0 | |
| INVESTMENT EXPENSES-DIVIDEND I | 4,221 | 4,221 | 0 |
| Description | Amount |
|---|---|
| MUTUAL FUND TIMING ADJ | 3,223 |
| PY PURCHASE OF ACCRUED INTEREST | 294 |
| AMORTIZATION CARRYOVER ADJUSTMENT | 207 |
| COST BASIS ADJ | 874 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 21,001 | 21,001 | ||
| GRANTMAKING FEES | 53,652 | 53,652 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 9,519 | 9,519 | 0 | |
| FEDERAL TAX PAYMENT - PRIOR YE | 2,787 | 0 | 0 | |
| FEDERAL ESTIMATES - PRINCIPAL | 12,002 | 0 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 4,441 | 4,441 | 0 |