# EDGAR Filing Document

**Accession Number:** 0001302739
**File Stem:** 0001398344-23-003596
**Filing Date:** 2023-2
**Character Count:** 20047
**Document Hash:** ecb78dda8c0b4f550bcc5f320269f02f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-23-003596.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001398344-23-003596

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**EFFECTIVENESS DATE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Covenant Partners, LLC
- **CENTRAL INDEX KEY:** 0001302739
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** TN

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19281
- **FILM NUMBER:** 23640551

**BUSINESS ADDRESS:**
- **STREET 1:** 3811 BEDFORD AVE SUITE 201
- **CITY:** Nashville
- **STATE:** TN
- **ZIP:** 37215
- **BUSINESS PHONE:** 615-665-1801

**MAIL ADDRESS:**
- **STREET 1:** P.O. Box 158187
- **CITY:** Nashville
- **STATE:** TN
- **ZIP:** 37215

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Covenant Partners LLC<br>**Address:** P.O. BOX 158187<br>NASHVILLE, TN 37215

**Form 13F File Number:** 028-19281

**CRD Number (if applicable):** 000110137

**SEC File Number (if applicable):** 801-62178

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Wendy Vasquez<br>**Title:** CCO<br>**Phone:** 615-665-1801

**Signature, Place, and Date of Signing:**

/s/ Wendy Vasquez  Nashville, TN  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 174

**Form 13F Information Table Value Total:** $248536235

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 21495211 | 256629 | SH |  | SOLE |  | 0 | 0 | 256629 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 24872466 | 542120 | SH |  | SOLE |  | 0 | 0 | 542120 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 18171364 | 119824 | SH |  | SOLE |  | 0 | 0 | 119824 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 17530725 | 81828 | SH |  | SOLE |  | 0 | 0 | 81828 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 13989851 | 100886 | SH |  | SOLE |  | 0 | 0 | 100886 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 12992985 | 60568 | SH |  | SOLE |  | 0 | 0 | 60568 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 19585234 | 185924 | SH |  | SOLE |  | 0 | 0 | 185924 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 7242374 | 128229 | SH |  | SOLE |  | 0 | 0 | 128229 |
| ISHARES TR | CORE S ETF | 464287200 |  | 336184 | 875 | SH |  | SOLE |  | 0 | 0 | 875 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 190912 | 1316 | SH |  | SOLE |  | 0 | 0 | 1316 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 289341 | 4946 | SH |  | SOLE |  | 0 | 0 | 4946 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 231084 | 3426 | SH |  | SOLE |  | 0 | 0 | 3426 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 184416 | 876 | SH |  | SOLE |  | 0 | 0 | 876 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 15518 | 89 | SH |  | SOLE |  | 0 | 0 | 89 |
| ABB LTD | SPONSORED ADR | 000375204 |  | 490650 | 16108 | SH |  | SOLE |  | 0 | 0 | 16108 |
| ABBOTT LABS | COM | 002824100 |  | 947817 | 8633 | SH |  | SOLE |  | 0 | 0 | 8633 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 1148586 | 6092 | SH |  | SOLE |  | 0 | 0 | 6092 |
| ALCON AG | ORD SHS | H01301128 |  | 1179951 | 17213 | SH |  | SOLE |  | 0 | 0 | 17213 |
| AON PLC | SHS CL A | G0403H108 |  | 798072 | 2659 | SH |  | SOLE |  | 0 | 0 | 2659 |
| BP PLC | SPONSORED ADR | 055622104 |  | 548750 | 15710 | SH |  | SOLE |  | 0 | 0 | 15710 |
| UBS AG LONDON BRANCH | ETRACS LKD ENT | 90269A245 |  | 506792 | 3229 | SH |  | SOLE |  | 0 | 0 | 3229 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 2272222 | 30860 | SH |  | SOLE |  | 0 | 0 | 30860 |
| ING GROEP N.V. | SPONSORED ADR | 456837103 |  | 628228 | 51621 | SH |  | SOLE |  | 0 | 0 | 51621 |
| SPDR SER TR | BLOOMBERG HIGH Y | 78468R622 |  | 1022580 | 11362 | SH |  | SOLE |  | 0 | 0 | 11362 |
| NIKE INC | CL B | 654106103 |  | 650225 | 5557 | SH |  | SOLE |  | 0 | 0 | 5557 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 784728 | 8650 | SH |  | SOLE |  | 0 | 0 | 8650 |
| RELX PLC | SPONSORED ADR | 759530108 |  | 608509 | 21952 | SH |  | SOLE |  | 0 | 0 | 21952 |
| RPM INTL INC | COM | 749685103 |  | 368458 | 3781 | SH |  | SOLE |  | 0 | 0 | 3781 |
| SAP SE | SPON ADR | 803054204 |  | 938307 | 9093 | SH |  | SOLE |  | 0 | 0 | 9093 |
| SPDR SER TR | BLOOMBERG SHT TE | 78468R408 |  | 220002 | 9076 | SH |  | SOLE |  | 0 | 0 | 9076 |
| VISA INC | COM CL A | 92826C839 |  | 1236588 | 5952 | SH |  | SOLE |  | 0 | 0 | 5952 |
| CASTLE BIOSCIENCES INC | COM | 14843C105 |  | 500908 | 21279 | SH |  | SOLE |  | 0 | 0 | 21279 |
| I3 VERTICALS INC | COM CL A | 46571Y107 |  | 8370234 | 343888 | SH |  | SOLE |  | 0 | 0 | 343888 |
| APPLE INC | COM | 037833100 |  | 2420999 | 18633 | SH |  | SOLE |  | 0 | 0 | 18633 |
| MICROSOFT CORP | COM | 594918104 |  | 2881022 | 12013 | SH |  | SOLE |  | 0 | 0 | 12013 |
| PEPSICO INC | COM | 713448108 |  | 836275 | 4629 | SH |  | SOLE |  | 0 | 0 | 4629 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 646507 | 8808 | SH |  | SOLE |  | 0 | 0 | 8808 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 284962 | 1267 | SH |  | SOLE |  | 0 | 0 | 1267 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 303340 | 982 | SH |  | SOLE |  | 0 | 0 | 982 |
| ADAPTHEALTH CORP | COMMON STOCK | 00653Q102 |  | 657728 | 34221 | SH |  | SOLE |  | 0 | 0 | 34221 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 382866 | 2604 | SH |  | SOLE |  | 0 | 0 | 2604 |
| ABBVIE INC | COM | 00287Y109 |  | 1483257 | 9178 | SH |  | SOLE |  | 0 | 0 | 9178 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 |  | 277658 | 1549 | SH |  | SOLE |  | 0 | 0 | 1549 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 2071479 | 7763 | SH |  | SOLE |  | 0 | 0 | 7763 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 624263 | 1855 | SH |  | SOLE |  | 0 | 0 | 1855 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 514567 | 6104 | SH |  | SOLE |  | 0 | 0 | 6104 |
| ALBEMARLE CORP | COM | 012653101 |  | 464948 | 2144 | SH |  | SOLE |  | 0 | 0 | 2144 |
| APPLIED MATLS INC | COM | 038222105 |  | 273151 | 2805 | SH |  | SOLE |  | 0 | 0 | 2805 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 1241432 | 3987 | SH |  | SOLE |  | 0 | 0 | 3987 |
| AMAZON COM INC | COM | 023135106 |  | 1679412 | 19993 | SH |  | SOLE |  | 0 | 0 | 19993 |
| APTIV PLC | SHS | G6095L109 |  | 434731 | 4668 | SH |  | SOLE |  | 0 | 0 | 4668 |
| ASML HOLDING N V | N Y REGISTRY SHS | N07059210 |  | 2004195 | 3668 | SH |  | SOLE |  | 0 | 0 | 3668 |
| AVERY DENNISON CORP | COM | 053611109 |  | 206159 | 1139 | SH |  | SOLE |  | 0 | 0 | 1139 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 1532144 | 22598 | SH |  | SOLE |  | 0 | 0 | 22598 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 232452 | 2224 | SH |  | SOLE |  | 0 | 0 | 2224 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 120723 | 20087 | SH |  | SOLE |  | 0 | 0 | 20087 |
| BARCLAYS PLC | ADR | 06738E204 |  | 743660 | 95341 | SH |  | SOLE |  | 0 | 0 | 95341 |
| BLACKROCK INC | COM | 09247X101 |  | 1062236 | 1499 | SH |  | SOLE |  | 0 | 0 | 1499 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 357421 | 8940 | SH |  | SOLE |  | 0 | 0 | 8940 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 404069 | 6730 | SH |  | SOLE |  | 0 | 0 | 6730 |
| CBRE GROUP INC | CL A | 12504L109 |  | 279980 | 3638 | SH |  | SOLE |  | 0 | 0 | 3638 |
| CROWN CASTLE INC | COM | 22822V101 |  | 636423 | 4692 | SH |  | SOLE |  | 0 | 0 | 4692 |
| CF INDS HLDGS INC | COM | 125269100 |  | 226973 | 2664 | SH |  | SOLE |  | 0 | 0 | 2664 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 228449 | 2834 | SH |  | SOLE |  | 0 | 0 | 2834 |
| CIENA CORP | COM NEW | 171779309 |  | 256124 | 5024 | SH |  | SOLE |  | 0 | 0 | 5024 |
| CUMMINS INC | COM | 231021106 |  | 237444 | 980 | SH |  | SOLE |  | 0 | 0 | 980 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 487646 | 4102 | SH |  | SOLE |  | 0 | 0 | 4102 |
| COOPER COS INC | COM NEW | 216648402 |  | 498650 | 1508 | SH |  | SOLE |  | 0 | 0 | 1508 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 441436 | 967 | SH |  | SOLE |  | 0 | 0 | 967 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 1690433 | 22663 | SH |  | SOLE |  | 0 | 0 | 22663 |
| COPART INC | COM | 217204106 |  | 428666 | 7040 | SH |  | SOLE |  | 0 | 0 | 7040 |
| CHARLES RIV LABS INTL INC | COM | 159864107 |  | 723646 | 3321 | SH |  | SOLE |  | 0 | 0 | 3321 |
| CISCO SYS INC | COM | 17275R102 |  | 430142 | 9029 | SH |  | SOLE |  | 0 | 0 | 9029 |
| CSX CORP | COM | 126408103 |  | 354938 | 11457 | SH |  | SOLE |  | 0 | 0 | 11457 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1180685 | 6578 | SH |  | SOLE |  | 0 | 0 | 6578 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 489370 | 1226 | SH |  | SOLE |  | 0 | 0 | 1226 |
| DISCOVER FINL SVCS | COM | 254709108 |  | 844371 | 8631 | SH |  | SOLE |  | 0 | 0 | 8631 |
| D R HORTON INC | COM | 23331A109 |  | 460586 | 5167 | SH |  | SOLE |  | 0 | 0 | 5167 |
| DIODES INC | COM | 254543101 |  | 522244 | 6859 | SH |  | SOLE |  | 0 | 0 | 6859 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 316084 | 2285 | SH |  | SOLE |  | 0 | 0 | 2285 |
| DEXCOM INC | COM | 252131107 |  | 463152 | 4090 | SH |  | SOLE |  | 0 | 0 | 4090 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 321799 | 1297 | SH |  | SOLE |  | 0 | 0 | 1297 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 229422 | 1549 | SH |  | SOLE |  | 0 | 0 | 1549 |
| ENSIGN GROUP INC | COM | 29358P101 |  | 220820 | 2334 | SH |  | SOLE |  | 0 | 0 | 2334 |
| EPAM SYS INC | COM | 29414B104 |  | 744953 | 2273 | SH |  | SOLE |  | 0 | 0 | 2273 |
| EQUINIX INC | COM | 29444U700 |  | 417909 | 638 | SH |  | SOLE |  | 0 | 0 | 638 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 413246 | 1030 | SH |  | SOLE |  | 0 | 0 | 1030 |
| FERGUSON PLC NEW | SHS | G3421J106 |  | 611741 | 4818 | SH |  | SOLE |  | 0 | 0 | 4818 |
| FLEX LTD | ORD | Y2573F102 |  | 337373 | 15721 | SH |  | SOLE |  | 0 | 0 | 15721 |
| FIRST REP BK SAN FRANCISCO C | COM | 33616C100 |  | 213551 | 1752 | SH |  | SOLE |  | 0 | 0 | 1752 |
| GATX CORP | COM | 361448103 |  | 357515 | 3362 | SH |  | SOLE |  | 0 | 0 | 3362 |
| GRAINGER W W INC | COM | 384802104 |  | 734250 | 1320 | SH |  | SOLE |  | 0 | 0 | 1320 |
| HOME DEPOT INC | COM | 437076102 |  | 1770395 | 5605 | SH |  | SOLE |  | 0 | 0 | 5605 |
| HESS CORP | COM | 42809H107 |  | 270167 | 1905 | SH |  | SOLE |  | 0 | 0 | 1905 |
| HONEYWELL INTL INC | COM | 438516106 |  | 767408 | 3581 | SH |  | SOLE |  | 0 | 0 | 3581 |
| HUMANA INC | COM | 444859102 |  | 292973 | 572 | SH |  | SOLE |  | 0 | 0 | 572 |
| HORIZON THERAPEUTICS PUB L | SHS | G46188101 |  | 468173 | 4114 | SH |  | SOLE |  | 0 | 0 | 4114 |
| ICICI BANK LIMITED | ADR | 45104G104 |  | 433947 | 19824 | SH |  | SOLE |  | 0 | 0 | 19824 |
| ICON PLC | SHS | G4705A100 |  | 419386 | 2159 | SH |  | SOLE |  | 0 | 0 | 2159 |
| IDEX CORP | COM | 45167R104 |  | 252761 | 1107 | SH |  | SOLE |  | 0 | 0 | 1107 |
| INTEL CORP | COM | 458140100 |  | 220558 | 8345 | SH |  | SOLE |  | 0 | 0 | 8345 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 412619 | 1555 | SH |  | SOLE |  | 0 | 0 | 1555 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 389931 | 1770 | SH |  | SOLE |  | 0 | 0 | 1770 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 766784 | 5718 | SH |  | SOLE |  | 0 | 0 | 5718 |
| KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 |  | 454875 | 2659 | SH |  | SOLE |  | 0 | 0 | 2659 |
| LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 |  | 315072 | 1338 | SH |  | SOLE |  | 0 | 0 | 1338 |
| LINDE PLC | SHS | G5494J103 |  | 397287 | 1218 | SH |  | SOLE |  | 0 | 0 | 1218 |
| LKQ CORP | COM | 501889208 |  | 220423 | 4127 | SH |  | SOLE |  | 0 | 0 | 4127 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 1277523 | 2626 | SH |  | SOLE |  | 0 | 0 | 2626 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 927500 | 2895 | SH |  | SOLE |  | 0 | 0 | 2895 |
| MASCO CORP | COM | 574599106 |  | 501236 | 10740 | SH |  | SOLE |  | 0 | 0 | 10740 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 345310 | 4443 | SH |  | SOLE |  | 0 | 0 | 4443 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 223233 | 1349 | SH |  | SOLE |  | 0 | 0 | 1349 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 618724 | 6094 | SH |  | SOLE |  | 0 | 0 | 6094 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 479772 | 10496 | SH |  | SOLE |  | 0 | 0 | 10496 |
| MONOLITHIC PWR SYS INC | COM | 609839105 |  | 393568 | 1113 | SH |  | SOLE |  | 0 | 0 | 1113 |
| MERCK  CO INC | COM | 58933Y105 |  | 1278366 | 11522 | SH |  | SOLE |  | 0 | 0 | 11522 |
| ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 |  | 274969 | 10487 | SH |  | SOLE |  | 0 | 0 | 10487 |
| METTLER TOLEDO INTERNATIONAL | COM | 592688105 |  | 1526395 | 1056 | SH |  | SOLE |  | 0 | 0 | 1056 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 232072 | 1943 | SH |  | SOLE |  | 0 | 0 | 1943 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 766361 | 9167 | SH |  | SOLE |  | 0 | 0 | 9167 |
| NETFLIX INC | COM | 64110L106 |  | 685891 | 2326 | SH |  | SOLE |  | 0 | 0 | 2326 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 851119 | 5824 | SH |  | SOLE |  | 0 | 0 | 5824 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 910026 | 6724 | SH |  | SOLE |  | 0 | 0 | 6724 |
| ON SEMICONDUCTOR CORP | COM | 682189105 |  | 376902 | 6043 | SH |  | SOLE |  | 0 | 0 | 6043 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 672722 | 4821 | SH |  | SOLE |  | 0 | 0 | 4821 |
| PAYCOM SOFTWARE INC | COM | 70432V102 |  | 289209 | 932 | SH |  | SOLE |  | 0 | 0 | 932 |
| PAYCHEX INC | COM | 704326107 |  | 1579359 | 13667 | SH |  | SOLE |  | 0 | 0 | 13667 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 708846 | 4677 | SH |  | SOLE |  | 0 | 0 | 4677 |
| PROGRESSIVE CORP | COM | 743315103 |  | 492120 | 3794 | SH |  | SOLE |  | 0 | 0 | 3794 |
| PROLOGIS INC. | COM | 74340W103 |  | 826536 | 7332 | SH |  | SOLE |  | 0 | 0 | 7332 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 950564 | 9392 | SH |  | SOLE |  | 0 | 0 | 9392 |
| POOL CORP | COM | 73278L105 |  | 312912 | 1035 | SH |  | SOLE |  | 0 | 0 | 1035 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 1229812 | 44753 | SH |  | SOLE |  | 0 | 0 | 44753 |
| QUALYS INC | COM | 74758T303 |  | 258578 | 2304 | SH |  | SOLE |  | 0 | 0 | 2304 |
| FERRARI N V | COM | N3167Y103 |  | 1020544 | 4764 | SH |  | SOLE |  | 0 | 0 | 4764 |
| REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 |  | 267982 | 1886 | SH |  | SOLE |  | 0 | 0 | 1886 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 408403 | 5736 | SH |  | SOLE |  | 0 | 0 | 5736 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 760986 | 7122 | SH |  | SOLE |  | 0 | 0 | 7122 |
| RESMED INC | COM | 761152107 |  | 1346393 | 6469 | SH |  | SOLE |  | 0 | 0 | 6469 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 422451 | 4186 | SH |  | SOLE |  | 0 | 0 | 4186 |
| RYANAIR HOLDINGS PLC | SPONSORED ADS | 783513203 |  | 640992 | 8574 | SH |  | SOLE |  | 0 | 0 | 8574 |
| STARBUCKS CORP | COM | 855244109 |  | 420608 | 4240 | SH |  | SOLE |  | 0 | 0 | 4240 |
| SEALED AIR CORP NEW | COM | 81211K100 |  | 228151 | 4574 | SH |  | SOLE |  | 0 | 0 | 4574 |
| STIFEL FINL CORP | COM | 860630102 |  | 293776 | 5033 | SH |  | SOLE |  | 0 | 0 | 5033 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 320158 | 1349 | SH |  | SOLE |  | 0 | 0 | 1349 |
| SUMITOMO MITSUI FINL GROUP I | SPONSORED ADR | 86562M209 |  | 478802 | 59701 | SH |  | SOLE |  | 0 | 0 | 59701 |
| SNAP ON INC | COM | 833034101 |  | 1363628 | 5968 | SH |  | SOLE |  | 0 | 0 | 5968 |
| SYNOPSYS INC | COM | 871607107 |  | 540877 | 1694 | SH |  | SOLE |  | 0 | 0 | 1694 |
| S GLOBAL INC | COM | 78409V104 |  | 581121 | 1735 | SH |  | SOLE |  | 0 | 0 | 1735 |
| SPLUNK INC | COM | 848637104 |  | 236748 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| SPS COMM INC | COM | 78463M107 |  | 265208 | 2065 | SH |  | SOLE |  | 0 | 0 | 2065 |
| SKYWORKS SOLUTIONS INC | COM | 83088M102 |  | 220899 | 2424 | SH |  | SOLE |  | 0 | 0 | 2424 |
| STRYKER CORPORATION | COM | 863667101 |  | 373092 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| SYSCO CORP | COM | 871829107 |  | 252514 | 3303 | SH |  | SOLE |  | 0 | 0 | 3303 |
| TAKEDA PHARMACEUTICAL CO LTD | SPONSORED ADS | 874060205 |  | 719191 | 46102 | SH |  | SOLE |  | 0 | 0 | 46102 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 207153 | 518 | SH |  | SOLE |  | 0 | 0 | 518 |
| TJX COS INC NEW | COM | 872540109 |  | 342280 | 4300 | SH |  | SOLE |  | 0 | 0 | 4300 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 920754 | 1672 | SH |  | SOLE |  | 0 | 0 | 1672 |
| TRIMBLE INC | COM | 896239100 |  | 205021 | 4055 | SH |  | SOLE |  | 0 | 0 | 4055 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 555244 | 8944 | SH |  | SOLE |  | 0 | 0 | 8944 |
| TEXAS INSTRS INC | COM | 882508104 |  | 360510 | 2182 | SH |  | SOLE |  | 0 | 0 | 2182 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 713510 | 14171 | SH |  | SOLE |  | 0 | 0 | 14171 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 611198 | 1303 | SH |  | SOLE |  | 0 | 0 | 1303 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1515785 | 2859 | SH |  | SOLE |  | 0 | 0 | 2859 |
| UNION PAC CORP | COM | 907818108 |  | 880255 | 4251 | SH |  | SOLE |  | 0 | 0 | 4251 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 728042 | 4188 | SH |  | SOLE |  | 0 | 0 | 4188 |
| US BANCORP DEL | COM NEW | 902973304 |  | 285471 | 6546 | SH |  | SOLE |  | 0 | 0 | 6546 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 563065 | 14291 | SH |  | SOLE |  | 0 | 0 | 14291 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 581408 | 4386 | SH |  | SOLE |  | 0 | 0 | 4386 |
| WORKDAY INC | CL A | 98138H101 |  | 349385 | 2088 | SH |  | SOLE |  | 0 | 0 | 2088 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 371192 | 3230 | SH |  | SOLE |  | 0 | 0 | 3230 |
| WEST PHARMACEUTICAL SVSC INC | COM | 955306105 |  | 249942 | 1062 | SH |  | SOLE |  | 0 | 0 | 1062 |
| ZOETIS INC | CL A | 98978V103 |  | 800163 | 5460 | SH |  | SOLE |  | 0 | 0 | 5460 |

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