# EDGAR Filing Document

**Accession Number:** 0000769317
**File Stem:** 0000897101-25-000467
**Filing Date:** 2025-8
**Character Count:** 56778
**Document Hash:** 74f836628764092c54d63b3dde5ea834
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000897101-25-000467.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000897101-25-000467

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT INVESTMENT ASSOCIATES INC
- **CENTRAL INDEX KEY:** 0000769317

**ORGANIZATION NAME:**
- **EIN:** 411404829
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-00180
- **FILM NUMBER:** 251214408

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CENTER
- **STREET 2:** 80 SOUTH EIGHTH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 6123323223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CENTER
- **STREET 2:** 80 SOUTH EIGHTH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** SIT INVESTMENT ASSOCIATES INC<br>**Address:** 3300 IDS Center<br>80 South Eighth Street<br>Minneapolis, MN 55402

**Form 13F File Number:** 028-00180

**CRD Number (if applicable):** 000105725

**SEC File Number (if applicable):** 801-16350

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:** Paul E. Rasmussen<br>**Title:** Vice President<br>**Phone:** 612-332-3223

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

/s/ Paul E. Rasmussen  Minneapolis, MN  08-14-2025<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:** 1

**Form 13F Information Table Entry Total:** 524

**Form 13F Information Table Value Total:** $4684288

      (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.]

| No.   | Name                                  | Form 13F File Number   |
|:---|:---|:---|
|  | SIT FIXED INCOME ADVISORS II LLC /ADV | 028-19972              |

### 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 |
| AFLAC INC | COMMON | 001055102 |  | 467 | 4200 | SH |  | SOLE | 1 | 4200 | 0 | 0 |
| AFLAC INC | COMMON | 001055102 |  | 443 | 4200 | SH |  | SOLE | 1 | 4200 | 0 | 0 |
| AZZ INC | COMMON | 002474104 |  | 2957 | 31300 | SH |  | SOLE | 1 | 31300 | 0 | 0 |
| ABBOTT LABORATORIES | COMMON | 002824100 |  | 20792 | 152871 | SH |  | SOLE | 1 | 152871 | 0 | 0 |
| SOCIETE GENERALE SA | COMMON | 005966516 |  | 1390 | 24300 | SH |  | SOLE | 1 | 24300 | 0 | 0 |
| ADDUS HOMECARE CORP | COMMON | 006739106 |  | 3286 | 28525 | SH |  | SOLE | 1 | 28525 | 0 | 0 |
| AEROVIRONMENT INC | COMMON | 008073108 |  | 6589 | 23123 | SH |  | SOLE | 1 | 23123 | 0 | 0 |
| AIRBNB INC | COMMON | 009066101 |  | 2233 | 16870 | SH |  | SOLE | 1 | 16870 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS INC | COMMON | 009158106 |  | 33 | 116 | SH |  | SOLE | 1 | 116 | 0 | 0 |
| ALASKA AIR GROUP INC | COMMON | 011659109 |  | 1904 | 38475 | SH |  | SOLE | 1 | 38475 | 0 | 0 |
| ALBEMARLE CORP | COMMON | 012653101 |  | 21 | 341 | SH |  | SOLE | 1 | 341 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COMMON | 016255101 |  | 1621 | 8560 | SH |  | SOLE | 1 | 8560 | 0 | 0 |
| ALLIANZ SE ADR | DEPOSITARY RECEI | 018820100 |  | 6711 | 165599 | SH |  | SOLE | 1 | 165599 | 0 | 0 |
| AMAZON.COM INC | COMMON | 023135106 |  | 53930 | 245820 | SH |  | SOLE | 1 | 245820 | 0 | 0 |
| AMEREN CORP | COMMON | 023608102 |  | 26 | 268 | SH |  | SOLE | 1 | 268 | 0 | 0 |
| AMENTUM HOLDINGS INC | COMMON | 023939101 |  | 619 | 26202 | SH |  | SOLE | 1 | 26202 | 0 | 0 |
| AMERICAN INTERNATIONAL GROUP I | COMMON | 026874784 |  | 7875 | 92014 | SH |  | SOLE | 1 | 92014 | 0 | 0 |
| AMETEK INC | COMMON | 031100100 |  | 2656 | 14675 | SH |  | SOLE | 1 | 14675 | 0 | 0 |
| AMGEN INC | COMMON | 031162100 |  | 114 | 410 | SH |  | SOLE | 1 | 410 | 0 | 0 |
| ANALOG DEVICES INC | COMMON | 032654105 |  | 576 | 2421 | SH |  | SOLE | 1 | 2421 | 0 | 0 |
| ELEVANCE HEALTH INC | COMMON | 036752103 |  | 1818 | 4675 | SH |  | SOLE | 1 | 4675 | 0 | 0 |
| APPLE INC | COMMON | 037833100 |  | 100234 | 488540 | SH |  | SOLE | 1 | 488540 | 0 | 0 |
| APPLIED MATERIALS INC | COMMON | 038222105 |  | 21746 | 118786 | SH |  | SOLE | 1 | 118786 | 0 | 0 |
| ARISTA NETWORKS INC | COMMON | 040413205 |  | 27926 | 272954 | SH |  | SOLE | 1 | 272954 | 0 | 0 |
| ASTRAZENECA PLC ADR | DEPOSITARY RECEI | 046353108 |  | 17885 | 255944 | SH |  | SOLE | 1 | 255944 | 0 | 0 |
| ATLASSIAN CORP | COMMON | 049468101 |  | 12713 | 62600 | SH |  | SOLE | 1 | 62600 | 0 | 0 |
| AUTODESK INC | COMMON | 052769106 |  | 10114 | 32670 | SH |  | SOLE | 1 | 32670 | 0 | 0 |
| AVERY DENNISON CORP | COMMON | 053611109 |  | 93 | 530 | SH |  | SOLE | 1 | 530 | 0 | 0 |
| BAIDU INC ADR | DEPOSITARY RECEI | 056752108 |  | 551 | 6425 | SH |  | SOLE | 1 | 6425 | 0 | 0 |
| BANK OF AMERICA CORP | COMMON | 060505104 |  | 14216 | 300428 | SH |  | SOLE | 1 | 300428 | 0 | 0 |
| BANK OF NEW YORK MELLON CORP | COMMON | 064058100 |  | 5769 | 63315 | SH |  | SOLE | 1 | 63315 | 0 | 0 |
| BELDEN INC | COMMON | 077454106 |  | 2671 | 23065 | SH |  | SOLE | 1 | 23065 | 0 | 0 |
| BERKSHIRE HATHAWAY INC | COMMON | 084670702 |  | 259 | 533 | SH |  | SOLE | 1 | 533 | 0 | 0 |
| BHP GROUP ADR | DEPOSITARY RECEI | 088606108 |  | 1000 | 20800 | SH |  | SOLE | 1 | 20800 | 0 | 0 |
| BOOT BARN HOLDINGS INC | COMMON | 099406100 |  | 1832 | 12055 | SH |  | SOLE | 1 | 12055 | 0 | 0 |
| BOOZ ALLEN HAMILTON HOLDING CO | COMMON | 099502106 |  | 5298 | 50875 | SH |  | SOLE | 1 | 50875 | 0 | 0 |
| BRADY CORP | COMMON | 104674106 |  | 107 | 1575 | SH |  | SOLE | 1 | 1575 | 0 | 0 |
| BRINK'S CO/THE | COMMON | 109696104 |  | 469 | 5250 | SH |  | SOLE | 1 | 5250 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COMMON | 110122108 |  | 1185 | 25600 | SH |  | SOLE | 1 | 25600 | 0 | 0 |
| CSW INDUSTRIALS INC | COMMON | 126402106 |  | 1940 | 6765 | SH |  | SOLE | 1 | 6765 | 0 | 0 |
| CSX CORP | COMMON | 126408103 |  | 8908 | 273000 | SH |  | SOLE | 1 | 273000 | 0 | 0 |
| CABOT CORP | COMMON | 127055101 |  | 1187 | 15825 | SH |  | SOLE | 1 | 15825 | 0 | 0 |
| CARLISLE COS INC | COMMON | 142339100 |  | 5409 | 14485 | SH |  | SOLE | 1 | 14485 | 0 | 0 |
| CASEY'S GENERAL STORES INC | COMMON | 147528103 |  | 3738 | 7325 | SH |  | SOLE | 1 | 7325 | 0 | 0 |
| CATERPILLAR INC | COMMON | 149123101 |  | 1669 | 4300 | SH |  | SOLE | 1 | 4300 | 0 | 0 |
| CENTURY COMMUNITIES INC | COMMON | 156504300 |  | 455 | 8070 | SH |  | SOLE | 1 | 8070 | 0 | 0 |
| CHESAPEAKE UTILITIES CORP | COMMON | 165303108 |  | 1505 | 12515 | SH |  | SOLE | 1 | 12515 | 0 | 0 |
| CIENA CORP | COMMON | 171779309 |  | 3804 | 46775 | SH |  | SOLE | 1 | 46775 | 0 | 0 |
| CITIGROUP INC | COMMON | 172967424 |  | 4472 | 52535 | SH |  | SOLE | 1 | 52535 | 0 | 0 |
| COCA-COLA CO/THE | COMMON | 191216100 |  | 3044 | 43027 | SH |  | SOLE | 1 | 43027 | 0 | 0 |
| COLLIERS INTL GROUP INC | COMMON | 194693107 |  | 3417 | 26175 | SH |  | SOLE | 1 | 26175 | 0 | 0 |
| COLUMBIA BANKING SYSTEM INC | COMMON | 197236102 |  | 948 | 40550 | SH |  | SOLE | 1 | 40550 | 0 | 0 |
| COMMERCIAL METALS CO | COMMON | 201723103 |  | 364 | 7450 | SH |  | SOLE | 1 | 7450 | 0 | 0 |
| COPART INC | COMMON | 217204106 |  | 3739 | 76203 | SH |  | SOLE | 1 | 76203 | 0 | 0 |
| CRANE COMPANY | COMMON | 224408104 |  | 4517 | 23790 | SH |  | SOLE | 1 | 23790 | 0 | 0 |
| CRANE NXT COMPANY | COMMON | 224441105 |  | 1597 | 29625 | SH |  | SOLE | 1 | 29625 | 0 | 0 |
| CROCS INC | COMMON | 227046109 |  | 1175 | 11600 | SH |  | SOLE | 1 | 11600 | 0 | 0 |
| CUBESMART | REIT | 229663109 |  | 423 | 9950 | SH |  | SOLE | 1 | 9950 | 0 | 0 |
| DTE ENERGY CO | COMMON | 233331107 |  | 4131 | 31185 | SH |  | SOLE | 1 | 31185 | 0 | 0 |
| DEERE  CO | COMMON | 244199105 |  | 36 | 71 | SH |  | SOLE | 1 | 71 | 0 | 0 |
| DEXCOM INC | COMMON | 252131107 |  | 11175 | 128023 | SH |  | SOLE | 1 | 128023 | 0 | 0 |
| DONALDSON CO INC | COMMON | 257651109 |  | 4005 | 57750 | SH |  | SOLE | 1 | 57750 | 0 | 0 |
| DOVER CORP | COMMON | 260003108 |  | 4055 | 22128 | SH |  | SOLE | 1 | 22128 | 0 | 0 |
| DYNATRACE INC | COMMON | 268150109 |  | 4031 | 73010 | SH |  | SOLE | 1 | 73010 | 0 | 0 |
| EBAY INC | COMMON | 278642103 |  | 3405 | 45735 | SH |  | SOLE | 1 | 45735 | 0 | 0 |
| ECOLAB INC | COMMON | 278865100 |  | 166 | 615 | SH |  | SOLE | 1 | 615 | 0 | 0 |
| EMERSON ELECTRIC CO | COMMON | 291011104 |  | 9116 | 68372 | SH |  | SOLE | 1 | 68372 | 0 | 0 |
| EQUIFAX INC | COMMON | 294429105 |  | 475 | 1830 | SH |  | SOLE | 1 | 1830 | 0 | 0 |
| EURONET WORLDWIDE INC | COMMON | 298736109 |  | 2930 | 28900 | SH |  | SOLE | 1 | 28900 | 0 | 0 |
| FTI CONSULTING INC | COMMON | 302941109 |  | 886 | 5485 | SH |  | SOLE | 1 | 5485 | 0 | 0 |
| FIFTH THIRD BANCORP | COMMON | 316773100 |  | 5450 | 132500 | SH |  | SOLE | 1 | 132500 | 0 | 0 |
| FOMENTO ECONOMICO MEXICANO ADR | DEPOSITARY RECEI | 344419106 |  | 162 | 1575 | SH |  | SOLE | 1 | 1575 | 0 | 0 |
| ARTHUR J GALLAGHER  CO | COMMON | 363576109 |  | 8023 | 25064 | SH |  | SOLE | 1 | 25064 | 0 | 0 |
| GENERAL DYNAMICS CORP | COMMON | 369550108 |  | 2766 | 9482 | SH |  | SOLE | 1 | 9482 | 0 | 0 |
| GILEAD SCIENCES INC | COMMON | 375558103 |  | 932 | 8410 | SH |  | SOLE | 1 | 8410 | 0 | 0 |
| GLAUKOS CORP | COMMON | 377322102 |  | 4678 | 45290 | SH |  | SOLE | 1 | 45290 | 0 | 0 |
| GRACO INC | COMMON | 384109104 |  | 82 | 950 | SH |  | SOLE | 1 | 950 | 0 | 0 |
| HANOVER INSURANCE GROUP INC/TH | COMMON | 410867105 |  | 2021 | 11900 | SH |  | SOLE | 1 | 11900 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COMMON | 416515104 |  | 7925 | 62465 | SH |  | SOLE | 1 | 62465 | 0 | 0 |
| HERCULES CAPITAL INC | COMMON | 427096508 |  | 330 | 18050 | SH |  | SOLE | 1 | 18050 | 0 | 0 |
| HOME DEPOT INC | COMMON | 437076102 |  | 24101 | 65736 | SH |  | SOLE | 1 | 65736 | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | COMMON | 438516106 |  | 18272 | 78459 | SH |  | SOLE | 1 | 78459 | 0 | 0 |
| HORACE MANN EDUCATORS CORP | COMMON | 440327104 |  | 1052 | 24475 | SH |  | SOLE | 1 | 24475 | 0 | 0 |
| HUBBELL INC | COMMON | 443510607 |  | 6130 | 15010 | SH |  | SOLE | 1 | 15010 | 0 | 0 |
| HUBSPOT INC | COMMON | 443573100 |  | 8656 | 15550 | SH |  | SOLE | 1 | 15550 | 0 | 0 |
| HUNTINGTON BANCSHARES INC/OH | COMMON | 446150104 |  | 2557 | 152572 | SH |  | SOLE | 1 | 152572 | 0 | 0 |
| HUNTINGTON INGALLS INDUSTRIES | COMMON | 446413106 |  | 676 | 2800 | SH |  | SOLE | 1 | 2800 | 0 | 0 |
| HUNTSMAN CORP | COMMON | 447011107 |  | 117 | 11225 | SH |  | SOLE | 1 | 11225 | 0 | 0 |
| IBERDROLA SA ADR | DEPOSITARY RECEI | 450737101 |  | 4395 | 57095 | SH |  | SOLE | 1 | 57095 | 0 | 0 |
| INTEL CORP | COMMON | 458140100 |  | 403 | 18000 | SH |  | SOLE | 1 | 18000 | 0 | 0 |
| INTL BUSINESS MACHINES CORP | COMMON | 459200101 |  | 8290 | 28121 | SH |  | SOLE | 1 | 28121 | 0 | 0 |
| INTUIT INC | COMMON | 461202103 |  | 24574 | 31200 | SH |  | SOLE | 1 | 31200 | 0 | 0 |
| JOHNSON  JOHNSON | COMMON | 478160104 |  | 9559 | 62580 | SH |  | SOLE | 1 | 62580 | 0 | 0 |
| KLA CORP | COMMON | 482480100 |  | 148 | 165 | SH |  | SOLE | 1 | 165 | 0 | 0 |
| KNIGHT-SWIFT TRANSPORT  INC | COMMON | 499049104 |  | 2636 | 59600 | SH |  | SOLE | 1 | 59600 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COMMON | 502431109 |  | 5628 | 22435 | SH |  | SOLE | 1 | 22435 | 0 | 0 |
| LANTHEUS HOLDINGS INC | COMMON | 516544103 |  | 3026 | 36960 | SH |  | SOLE | 1 | 36960 | 0 | 0 |
| ELI LILLY  CO | COMMON | 532457108 |  | 28233 | 36218 | SH |  | SOLE | 1 | 36218 | 0 | 0 |
| LINCOLN ELECTRIC HOLDINGS INC | COMMON | 533900106 |  | 1854 | 8945 | SH |  | SOLE | 1 | 8945 | 0 | 0 |
| LOCKHEED MARTIN CORP | COMMON | 539830109 |  | 3333 | 7197 | SH |  | SOLE | 1 | 7197 | 0 | 0 |
| MP MATERIALS CORP | COMMON | 553368101 |  | 1842 | 55375 | SH |  | SOLE | 1 | 55375 | 0 | 0 |
| MCDONALD'S CORP | COMMON | 580135101 |  | 15271 | 52267 | SH |  | SOLE | 1 | 52267 | 0 | 0 |
| MEREO BIOPHARMA GROUP PLC ADR | DEPOSITARY RECEI | 589492107 |  | 3 | 970 | SH |  | SOLE | 1 | 970 | 0 | 0 |
| MICROSOFT CORP | COMMON | 594918104 |  | 143922 | 289342 | SH |  | SOLE | 1 | 289342 | 0 | 0 |
| MICRON TECHNOLOGY INC | COMMON | 595112103 |  | 6797 | 55145 | SH |  | SOLE | 1 | 55145 | 0 | 0 |
| MONDELEZ INTERNATIONAL INC | COMMON | 609207105 |  | 5297 | 78551 | SH |  | SOLE | 1 | 78551 | 0 | 0 |
| MONOLITHIC POWER SYSTEMS INC | COMMON | 609839105 |  | 12134 | 16591 | SH |  | SOLE | 1 | 16591 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COMMON | 620076307 |  | 589 | 1400 | SH |  | SOLE | 1 | 1400 | 0 | 0 |
| MUNICH RE GROUP ADR | DEPOSITARY RECEI | 626188106 |  | 77 | 5950 | SH |  | SOLE | 1 | 5950 | 0 | 0 |
| NATERA INC | COMMON | 632307104 |  | 3226 | 19095 | SH |  | SOLE | 1 | 19095 | 0 | 0 |
| NATIONAL PRESTO INDUSTRIES INC | COMMON | 637215104 |  | 122 | 1250 | SH |  | SOLE | 1 | 1250 | 0 | 0 |
| NESTLE SA ADR | DEPOSITARY RECEI | 641069406 |  | 1981 | 19945 | SH |  | SOLE | 1 | 19945 | 0 | 0 |
| NEWMONT CORP | COMMON | 651639106 |  | 127 | 2175 | SH |  | SOLE | 1 | 2175 | 0 | 0 |
| NICE LTD ADR | DEPOSITARY RECEI | 653656108 |  | 84 | 500 | SH |  | SOLE | 1 | 500 | 0 | 0 |
| NIKE INC CL B | COMMON | 654106103 |  | 5007 | 70486 | SH |  | SOLE | 1 | 70486 | 0 | 0 |
| NORTHERN OIL AND GAS INC | COMMON | 665531307 |  | 4224 | 149000 | SH |  | SOLE | 1 | 149000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COMMON | 666807102 |  | 3043 | 6087 | SH |  | SOLE | 1 | 6087 | 0 | 0 |
| NOVO-NORDISK A S ADR | DEPOSITARY RECEI | 670100205 |  | 1721 | 24940 | SH |  | SOLE | 1 | 24940 | 0 | 0 |
| CHORD ENERGY CORP | COMMON | 674215207 |  | 1322 | 13650 | SH |  | SOLE | 1 | 13650 | 0 | 0 |
| OLD NATIONAL BANCORP/IN | COMMON | 680033107 |  | 1600 | 74975 | SH |  | SOLE | 1 | 74975 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COMMON | 680223104 |  | 65 | 1700 | SH |  | SOLE | 1 | 1700 | 0 | 0 |
| OLIN CORP | COMMON | 680665205 |  | 936 | 46575 | SH |  | SOLE | 1 | 46575 | 0 | 0 |
| OUTSET MEDICAL INC | COMMON | 690145206 |  | 3 | 177 | SH |  | SOLE | 1 | 177 | 0 | 0 |
| PPG INDUSTRIES INC | COMMON | 693506107 |  | 31 | 275 | SH |  | SOLE | 1 | 275 | 0 | 0 |
| PALO ALTO NETWORKS INC | COMMON | 697435105 |  | 15610 | 76280 | SH |  | SOLE | 1 | 76280 | 0 | 0 |
| PARKER-HANNIFIN CORP | COMMON | 701094104 |  | 7773 | 11129 | SH |  | SOLE | 1 | 11129 | 0 | 0 |
| PEPSICO INC | COMMON | 713448108 |  | 9548 | 72308 | SH |  | SOLE | 1 | 72308 | 0 | 0 |
| REVVITY INC | COMMON | 714046109 |  | 79 | 820 | SH |  | SOLE | 1 | 820 | 0 | 0 |
| PFIZER INC | COMMON | 717081103 |  | 665 | 27428 | SH |  | SOLE | 1 | 27428 | 0 | 0 |
| PIPER SANDLER COMPANIES | COMMON | 724078100 |  | 952 | 3425 | SH |  | SOLE | 1 | 3425 | 0 | 0 |
| POWER INTEGRATIONS INC | COMMON | 739276103 |  | 752 | 13450 | SH |  | SOLE | 1 | 13450 | 0 | 0 |
| PROCTER  GAMBLE CO | COMMON | 742718109 |  | 12967 | 81390 | SH |  | SOLE | 1 | 81390 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP | COMMON | 744573106 |  | 9756 | 115895 | SH |  | SOLE | 1 | 115895 | 0 | 0 |
| QUALCOMM INC | COMMON | 747525103 |  | 124 | 779 | SH |  | SOLE | 1 | 779 | 0 | 0 |
| REALTY INCOME CORP | REIT | 756109104 |  | 3923 | 68090 | SH |  | SOLE | 1 | 68090 | 0 | 0 |
| REGAL REXNORD CORP | COMMON | 758750103 |  | 1747 | 12053 | SH |  | SOLE | 1 | 12053 | 0 | 0 |
| REINSURANCE GROUP OF AMERICA I | COMMON | 759351604 |  | 2230 | 11240 | SH |  | SOLE | 1 | 11240 | 0 | 0 |
| RELX PLC - ADR | DEPOSITARY RECEI | 759530108 |  | 3855 | 70948 | SH |  | SOLE | 1 | 70948 | 0 | 0 |
| RENTOKIL INITIAL PLC-ADR | DEPOSITARY RECEI | 760125104 |  | 261 | 10895 | SH |  | SOLE | 1 | 10895 | 0 | 0 |
| RIO TINTO PLC ADR | DEPOSITARY RECEI | 767204100 |  | 1782 | 30550 | SH |  | SOLE | 1 | 30550 | 0 | 0 |
| ROCKWELL AUTOMATION INC | COMMON | 773903109 |  | 923 | 2780 | SH |  | SOLE | 1 | 2780 | 0 | 0 |
| ROPER TECHNOLOGIES INC | COMMON | 776696106 |  | 18 | 32 | SH |  | SOLE | 1 | 32 | 0 | 0 |
| ROSS STORES INC | COMMON | 778296103 |  | 109 | 855 | SH |  | SOLE | 1 | 855 | 0 | 0 |
| SHELL PLC  ADR | DEPOSITARY RECEI | 780259305 |  | 9578 | 136030 | SH |  | SOLE | 1 | 136030 | 0 | 0 |
| SAFRAN SA ADR | DEPOSITARY RECEI | 786584102 |  | 2113 | 25878 | SH |  | SOLE | 1 | 25878 | 0 | 0 |
| SAREPTA THERAPEUTICS INC | COMMON | 803607100 |  | 323 | 18872 | SH |  | SOLE | 1 | 18872 | 0 | 0 |
| SHERWIN-WILLIAMS CO/THE | COMMON | 824348106 |  | 6762 | 19695 | SH |  | SOLE | 1 | 19695 | 0 | 0 |
| SIEMENS AG ADR | DEPOSITARY RECEI | 826197501 |  | 14506 | 112561 | SH |  | SOLE | 1 | 112561 | 0 | 0 |
| SILGAN HOLDINGS INC | COMMON | 827048109 |  | 1309 | 24165 | SH |  | SOLE | 1 | 24165 | 0 | 0 |
| JM SMUCKER CO/THE | COMMON | 832696405 |  | 88 | 900 | SH |  | SOLE | 1 | 900 | 0 | 0 |
| SONY GROUP CORPORATION ADR | DEPOSITARY RECEI | 835699307 |  | 6705 | 257600 | SH |  | SOLE | 1 | 257600 | 0 | 0 |
| BLOCK INC | COMMON | 852234103 |  | 31 | 450 | SH |  | SOLE | 1 | 450 | 0 | 0 |
| STARBUCKS CORP | COMMON | 855244109 |  | 1889 | 20618 | SH |  | SOLE | 1 | 20618 | 0 | 0 |
| STEPAN CO | COMMON | 858586100 |  | 295 | 5400 | SH |  | SOLE | 1 | 5400 | 0 | 0 |
| STIFEL FINANCIAL CORP | COMMON | 860630102 |  | 2812 | 27095 | SH |  | SOLE | 1 | 27095 | 0 | 0 |
| STRYKER CORP | COMMON | 863667101 |  | 10708 | 27065 | SH |  | SOLE | 1 | 27065 | 0 | 0 |
| SUPERNUS PHARMACEUTICALS INC | COMMON | 868459108 |  | 2047 | 64950 | SH |  | SOLE | 1 | 64950 | 0 | 0 |
| SURMODICS INC | COMMON | 868873100 |  | 494 | 16624 | SH |  | SOLE | 1 | 16624 | 0 | 0 |
| SYSCO CORP | COMMON | 871829107 |  | 117 | 1540 | SH |  | SOLE | 1 | 1540 | 0 | 0 |
| TJX COS INC/THE | COMMON | 872540109 |  | 20831 | 168685 | SH |  | SOLE | 1 | 168685 | 0 | 0 |
| TAIWAN SEMICONDUCTOR ADR | DEPOSITARY RECEI | 874039100 |  | 4620 | 20397 | SH |  | SOLE | 1 | 20397 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWARE | COMMON | 874054109 |  | 7660 | 31542 | SH |  | SOLE | 1 | 31542 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COMMON | 883556102 |  | 11743 | 28961 | SH |  | SOLE | 1 | 28961 | 0 | 0 |
| THOMSON REUTERS CORP | COMMON | 884903808 |  | 1272 | 6325 | SH |  | SOLE | 1 | 6325 | 0 | 0 |
| TOAST INC | COMMON | 888787108 |  | 1923 | 43425 | SH |  | SOLE | 1 | 43425 | 0 | 0 |
| TRANSDIGM GROUP INC | COMMON | 893641100 |  | 2600 | 1710 | SH |  | SOLE | 1 | 1710 | 0 | 0 |
| US BANCORP | COMMON | 902973304 |  | 4206 | 92960 | SH |  | SOLE | 1 | 92960 | 0 | 0 |
| UNION PACIFIC CORP | COMMON | 907818108 |  | 10023 | 43563 | SH |  | SOLE | 1 | 43563 | 0 | 0 |
| VANGUARD FTSE DEV MKTS ETF | EXCHANGE TRADED | 921943858 |  | 339 | 5955 | SH |  | SOLE | 1 | 5955 | 0 | 0 |
| VANGUARD SMALL CAP ETF | EXCHANGE TRADED | 922908751 |  | 273 | 1154 | SH |  | SOLE | 1 | 1154 | 0 | 0 |
| WALMART INC | COMMON | 931142103 |  | 104 | 1062 | SH |  | SOLE | 1 | 1062 | 0 | 0 |
| WELLS FARGO  CO | COMMON | 949746101 |  | 2299 | 28700 | SH |  | SOLE | 1 | 28700 | 0 | 0 |
| WESTERN ALLIANCE BANCORP | COMMON | 957638109 |  | 1000 | 12825 | SH |  | SOLE | 1 | 12825 | 0 | 0 |
| WILLIAMS COS INC/THE | COMMON | 969457100 |  | 18871 | 300446 | SH |  | SOLE | 1 | 300446 | 0 | 0 |
| ZURICH INSURANCE GROUP AG ADR | DEPOSITARY RECEI | 989825104 |  | 609 | 17384 | SH |  | SOLE | 1 | 17384 | 0 | 0 |
| EQUITABLE HOLDINGS INC | COMMON | 29452E101 |  | 137 | 2450 | SH |  | SOLE | 1 | 2450 | 0 | 0 |
| RTX CORP | COMMON | 75513E101 |  | 10766 | 73730 | SH |  | SOLE | 1 | 73730 | 0 | 0 |
| QUANTA SERVICES INC | COMMON | 74762E102 |  | 132 | 350 | SH |  | SOLE | 1 | 350 | 0 | 0 |
| CNO FINANCIAL GROUP INC | COMMON | 12621E103 |  | 795 | 20600 | SH |  | SOLE | 1 | 20600 | 0 | 0 |
| EVOLUTION AB- ADR | DEPOSITARY RECEI | 30051E104 |  | 923 | 11620 | SH |  | SOLE | 1 | 11620 | 0 | 0 |
| TARGET CORP | COMMON | 87612E106 |  | 1153 | 11689 | SH |  | SOLE | 1 | 11689 | 0 | 0 |
| ESSENTIAL PPTYS RLTY TR I | REIT | 29670E107 |  | 701 | 21975 | SH |  | SOLE | 1 | 21975 | 0 | 0 |
| ARGAN INC | COMMON | 04010E109 |  | 5758 | 26115 | SH |  | SOLE | 1 | 26115 | 0 | 0 |
| TRAVELERS COS INC/THE | COMMON | 89417E109 |  | 60 | 226 | SH |  | SOLE | 1 | 226 | 0 | 0 |
| BROADSTONE NET LEASE INC | REIT | 11135E203 |  | 558 | 34775 | SH |  | SOLE | 1 | 34775 | 0 | 0 |
| AES CORP. | COMMON | 00130H105 |  | 74 | 7025 | SH |  | SOLE | 1 | 7025 | 0 | 0 |
| ASGN INC | COMMON | 00191U102 |  | 1046 | 20940 | SH |  | SOLE | 1 | 20940 | 0 | 0 |
| ABBVIE INC | COMMON | 00287Y109 |  | 14807 | 79768 | SH |  | SOLE | 1 | 79768 | 0 | 0 |
| ACADIA HEALTHCARE CO INC | COMMON | 00404A109 |  | 248 | 10950 | SH |  | SOLE | 1 | 10950 | 0 | 0 |
| ADOBE INC | COMMON | 00724F101 |  | 14886 | 38476 | SH |  | SOLE | 1 | 38476 | 0 | 0 |
| ADTALEM GLOBAL EDUCATION INC | COMMON | 00737L103 |  | 45 | 350 | SH |  | SOLE | 1 | 350 | 0 | 0 |
| ADYEN NV-ADR | DEPOSITARY RECEI | 00783V104 |  | 3069 | 167605 | SH |  | SOLE | 1 | 167605 | 0 | 0 |
| AGILENT TECHNOLOGIES INC | COMMON | 00846U101 |  | 2371 | 20092 | SH |  | SOLE | 1 | 20092 | 0 | 0 |
| AIR LEASE CORP | COMMON | 00912X302 |  | 5356 | 91565 | SH |  | SOLE | 1 | 91565 | 0 | 0 |
| AKOYA BIOSCIENCES INC | COMMON | 00974H104 |  | 2 | 1854 | SH |  | SOLE | 1 | 1854 | 0 | 0 |
| ALIBABA GROUP HOLDING LTD ADR | DEPOSITARY RECEI | 01609W102 |  | 252 | 2225 | SH |  | SOLE | 1 | 2225 | 0 | 0 |
| ALPHABET INC - CL C | COMMON | 02079K107 |  | 16803 | 94725 | SH |  | SOLE | 1 | 94725 | 0 | 0 |
| ALPHABET INC - CL A | COMMON | 02079K305 |  | 52820 | 299723 | SH |  | SOLE | 1 | 299723 | 0 | 0 |
| AMERICAN TOWER CORP | REIT | 03027X100 |  | 66 | 300 | SH |  | SOLE | 1 | 300 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COMMON | 03076C106 |  | 11517 | 21579 | SH |  | SOLE | 1 | 21579 | 0 | 0 |
| ANSYS INC | COMMON | 03662Q105 |  | 5007 | 14257 | SH |  | SOLE | 1 | 14257 | 0 | 0 |
| ARTISAN PARTNERS ASSET MG | COMMON | 04316A108 |  | 1938 | 43725 | SH |  | SOLE | 1 | 43725 | 0 | 0 |
| ASCENDIS PHARMA A/S ADR | DEPOSITARY RECEI | 04351P101 |  | 3349 | 19405 | SH |  | SOLE | 1 | 19405 | 0 | 0 |
| ATRICURE INC | COMMON | 04963C209 |  | 3536 | 107905 | SH |  | SOLE | 1 | 107905 | 0 | 0 |
| AVIENT CORPORATION | COMMON | 05368V106 |  | 743 | 23000 | SH |  | SOLE | 1 | 23000 | 0 | 0 |
| AXON ENTERPRISE INC | COMMON | 05464C101 |  | 5630 | 6800 | SH |  | SOLE | 1 | 6800 | 0 | 0 |
| AZEK CO INC | COMMON | 05478C105 |  | 2489 | 45800 | SH |  | SOLE | 1 | 45800 | 0 | 0 |
| BAE SYSTEMS PLC ADR | DEPOSITARY RECEI | 05523R107 |  | 3608 | 34342 | SH |  | SOLE | 1 | 34342 | 0 | 0 |
| BWX TECHNOLOGIES INC | COMMON | 05605H100 |  | 3403 | 23625 | SH |  | SOLE | 1 | 23625 | 0 | 0 |
| BANCO SANTANDER CHILE ADR | DEPOSITARY RECEI | 05965X109 |  | 119 | 4700 | SH |  | SOLE | 1 | 4700 | 0 | 0 |
| BIO-TECHNE CORP | COMMON | 09073M104 |  | 1230 | 23900 | SH |  | SOLE | 1 | 23900 | 0 | 0 |
| BLACKSTONE INC | COMMON | 09260D107 |  | 2259 | 15100 | SH |  | SOLE | 1 | 15100 | 0 | 0 |
| BLACKROCK INC | COMMON | 09290D101 |  | 61 | 58 | SH |  | SOLE | 1 | 58 | 0 | 0 |
| BOOKING HOLDINGS INC | COMMON | 09857L108 |  | 2605 | 450 | SH |  | SOLE | 1 | 450 | 0 | 0 |
| BROADCOM INC | COMMON | 11135F101 |  | 134885 | 489333 | SH |  | SOLE | 1 | 489333 | 0 | 0 |
| CH ROBINSON WORLDWIDE INC | COMMON | 12541W209 |  | 3785 | 39450 | SH |  | SOLE | 1 | 39450 | 0 | 0 |
| CADENCE BANK | COMMON | 12740C103 |  | 1166 | 36475 | SH |  | SOLE | 1 | 36475 | 0 | 0 |
| CARDINAL HEALTH INC | COMMON | 14149Y108 |  | 12048 | 71715 | SH |  | SOLE | 1 | 71715 | 0 | 0 |
| CARETRUST REIT INC | REIT | 14174T107 |  | 8860 | 289555 | SH |  | SOLE | 1 | 289555 | 0 | 0 |
| CARLYLE GROUP INC/THE | COMMON | 14316J108 |  | 10652 | 207235 | SH |  | SOLE | 1 | 207235 | 0 | 0 |
| CENTENE CORP | COMMON | 15135B101 |  | 1006 | 18535 | SH |  | SOLE | 1 | 18535 | 0 | 0 |
| CHENIERE ENERGY INC | COMMON | 16411R208 |  | 14696 | 60347 | SH |  | SOLE | 1 | 60347 | 0 | 0 |
| CISCO SYSTEMS INC | COMMON | 17275R102 |  | 10872 | 156700 | SH |  | SOLE | 1 | 156700 | 0 | 0 |
| COHERENT CORP | COMMON | 19247G107 |  | 3603 | 40385 | SH |  | SOLE | 1 | 40385 | 0 | 0 |
| COMMSCOPE HOLDING CO INC | COMMON | 20337X109 |  | 70 | 8450 | SH |  | SOLE | 1 | 8450 | 0 | 0 |
| CONFLUENT INC | COMMON | 20717M103 |  | 4248 | 170390 | SH |  | SOLE | 1 | 170390 | 0 | 0 |
| CONOCOPHILLIPS | COMMON | 20825C104 |  | 15927 | 177474 | SH |  | SOLE | 1 | 177474 | 0 | 0 |
| CONSTELLATION BRANDS INC | COMMON | 21036P108 |  | 5282 | 32468 | SH |  | SOLE | 1 | 32468 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COMMON | 21037T109 |  | 245 | 760 | SH |  | SOLE | 1 | 760 | 0 | 0 |
| COSTCO WHOLESALE CORP | COMMON | 22160K105 |  | 514 | 519 | SH |  | SOLE | 1 | 519 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC | COMMON | 22788C105 |  | 3311 | 6500 | SH |  | SOLE | 1 | 6500 | 0 | 0 |
| DT MIDSTREAM INC | COMMON | 23345M107 |  | 1195 | 10875 | SH |  | SOLE | 1 | 10875 | 0 | 0 |
| DATADOG INC | COMMON | 23804L103 |  | 4569 | 34010 | SH |  | SOLE | 1 | 34010 | 0 | 0 |
| DEVON ENERGY CORP | COMMON | 25179M103 |  | 1272 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| DIAGEO PLC ADR | DEPOSITARY RECEI | 25243Q205 |  | 2226 | 22078 | SH |  | SOLE | 1 | 22078 | 0 | 0 |
| DOMINION ENERGY INC | COMMON | 25746U109 |  | 20 | 349 | SH |  | SOLE | 1 | 349 | 0 | 0 |
| DOORDASH INC | COMMON | 25809K105 |  | 3135 | 12716 | SH |  | SOLE | 1 | 12716 | 0 | 0 |
| DROPBOX INC | COMMON | 26210C104 |  | 36 | 1250 | SH |  | SOLE | 1 | 1250 | 0 | 0 |
| ELF BEAUTY INC | COMMON | 26856L103 |  | 1524 | 12250 | SH |  | SOLE | 1 | 12250 | 0 | 0 |
| EAGLE MATERIALS INC | COMMON | 26969P108 |  | 3403 | 16835 | SH |  | SOLE | 1 | 16835 | 0 | 0 |
| EMCOR GROUP INC | COMMON | 29084Q100 |  | 7390 | 13815 | SH |  | SOLE | 1 | 13815 | 0 | 0 |
| ENCOMPASS HEALTH CORP | COMMON | 29261A100 |  | 6278 | 51195 | SH |  | SOLE | 1 | 51195 | 0 | 0 |
| TCW COMPOUNDERS ETF | EXCHANGE TRADED | 29287L601 |  | 336 | 9600 | SH |  | SOLE | 1 | 9600 | 0 | 0 |
| ENPRO INC | COMMON | 29355X107 |  | 900 | 4700 | SH |  | SOLE | 1 | 4700 | 0 | 0 |
| ENTEGRIS INC | COMMON | 29362U104 |  | 763 | 9466 | SH |  | SOLE | 1 | 9466 | 0 | 0 |
| ENTERGY CORP NEW | COMMON | 29364G103 |  | 162 | 1950 | SH |  | SOLE | 1 | 1950 | 0 | 0 |
| EVERCORE INC - CL A | COMMON | 29977A105 |  | 1314 | 4865 | SH |  | SOLE | 1 | 4865 | 0 | 0 |
| EXACT SCIENCES CORP | COMMON | 30063P105 |  | 3081 | 57980 | SH |  | SOLE | 1 | 57980 | 0 | 0 |
| EXXON MOBIL CORP | COMMON | 30231G102 |  | 7654 | 71000 | SH |  | SOLE | 1 | 71000 | 0 | 0 |
| META PLATFORMS INC CLASS A | COMMON | 30303M102 |  | 51013 | 69115 | SH |  | SOLE | 1 | 69115 | 0 | 0 |
| FEDEX CORP | COMMON | 31428X106 |  | 8725 | 38384 | SH |  | SOLE | 1 | 38384 | 0 | 0 |
| FLOWSERVE CORP | COMMON | 34354P105 |  | 13199 | 252130 | SH |  | SOLE | 1 | 252130 | 0 | 0 |
| GE VERNOVA INC | COMMON | 36828A101 |  | 3265 | 6170 | SH |  | SOLE | 1 | 6170 | 0 | 0 |
| GLENCORE PLC ADR | DEPOSITARY RECEI | 37827X100 |  | 22 | 2840 | SH |  | SOLE | 1 | 2840 | 0 | 0 |
| GLOBAL PAYMENTS INC | COMMON | 37940X102 |  | 136 | 1700 | SH |  | SOLE | 1 | 1700 | 0 | 0 |
| GOLDMAN SACHS GROUP INC/THE | COMMON | 38141G104 |  | 27351 | 38645 | SH |  | SOLE | 1 | 38645 | 0 | 0 |
| HDFC BANK LTD ADR | DEPOSITARY RECEI | 40415F101 |  | 1443 | 18825 | SH |  | SOLE | 1 | 18825 | 0 | 0 |
| HA SUSTAINABLE INFRA CAPITAL I | COMMON | 41068X100 |  | 402 | 14950 | SH |  | SOLE | 1 | 14950 | 0 | 0 |
| IDEXX LABORATORIES INC | COMMON | 45168D104 |  | 2950 | 5500 | SH |  | SOLE | 1 | 5500 | 0 | 0 |
| INFINEON TECHNOLOGIES AG ADR | DEPOSITARY RECEI | 45662N103 |  | 111 | 2600 | SH |  | SOLE | 1 | 2600 | 0 | 0 |
| INSULET CORP | COMMON | 45784P101 |  | 5139 | 16357 | SH |  | SOLE | 1 | 16357 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC | COMMON | 45866F104 |  | 9290 | 50635 | SH |  | SOLE | 1 | 50635 | 0 | 0 |
| INTUITIVE SURGICAL INC | COMMON | 46120E602 |  | 13716 | 25241 | SH |  | SOLE | 1 | 25241 | 0 | 0 |
| IRADIMED CORP | COMMON | 46266A109 |  | 206 | 3450 | SH |  | SOLE | 1 | 3450 | 0 | 0 |
| IRIDIUM COMMUNICATIONS INC | COMMON | 46269C102 |  | 600 | 19900 | SH |  | SOLE | 1 | 19900 | 0 | 0 |
| ISHARES MSCI INDIA ETF | EXCHANGE TRADED | 46429B598 |  | 1132 | 20325 | SH |  | SOLE | 1 | 20325 | 0 | 0 |
| ISHARES INC MSCI JAPAN | EXCHANGE TRADED | 46434G822 |  | 66 | 880 | SH |  | SOLE | 1 | 880 | 0 | 0 |
| JPMORGAN CHASE  CO | COMMON | 46625H100 |  | 34711 | 119731 | SH |  | SOLE | 1 | 119731 | 0 | 0 |
| JACOBS SOLUTIONS INC | COMMON | 46982L108 |  | 3247 | 24700 | SH |  | SOLE | 1 | 24700 | 0 | 0 |
| JD.COM INC ADR | DEPOSITARY RECEI | 47215P106 |  | 137 | 4200 | SH |  | SOLE | 1 | 4200 | 0 | 0 |
| KBR INC | COMMON | 48242W106 |  | 3190 | 66550 | SH |  | SOLE | 1 | 66550 | 0 | 0 |
| KKR  CO INC | COMMON | 48251W104 |  | 3143 | 23625 | SH |  | SOLE | 1 | 23625 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC | COMMON | 49338L103 |  | 584 | 3567 | SH |  | SOLE | 1 | 3567 | 0 | 0 |
| KODIAK GAS SERVICES INC | COMMON | 50012A108 |  | 1842 | 53750 | SH |  | SOLE | 1 | 53750 | 0 | 0 |
| MKS INC | COMMON | 55306N104 |  | 2387 | 24025 | SH |  | SOLE | 1 | 24025 | 0 | 0 |
| MARATHON PETROLEUM CORP | COMMON | 56585A102 |  | 36 | 216 | SH |  | SOLE | 1 | 216 | 0 | 0 |
| MASTERCARD INC | COMMON | 57636Q104 |  | 12 | 22 | SH |  | SOLE | 1 | 22 | 0 | 0 |
| MERCADOLIBRE INC | COMMON | 58733R102 |  | 588 | 225 | SH |  | SOLE | 1 | 225 | 0 | 0 |
| MERCK  CO INC | COMMON | 58933Y105 |  | 1387 | 17523 | SH |  | SOLE | 1 | 17523 | 0 | 0 |
| METLIFE INC | COMMON | 59156R108 |  | 9491 | 118020 | SH |  | SOLE | 1 | 118020 | 0 | 0 |
| MOLINA HEALTHCARE INC | COMMON | 60855R100 |  | 1927 | 6470 | SH |  | SOLE | 1 | 6470 | 0 | 0 |
| MOSAIC CO/THE | COMMON | 61945C103 |  | 448 | 12275 | SH |  | SOLE | 1 | 12275 | 0 | 0 |
| NCINO INC | COMMON | 63947X101 |  | 1948 | 69655 | SH |  | SOLE | 1 | 69655 | 0 | 0 |
| NETFLIX INC | COMMON | 64110L106 |  | 17114 | 12780 | SH |  | SOLE | 1 | 12780 | 0 | 0 |
| NEXSTAR MEDIA GROUP INC | COMMON | 65336K103 |  | 3888 | 22480 | SH |  | SOLE | 1 | 22480 | 0 | 0 |
| NEXTERA ENERGY INC | COMMON | 65339F101 |  | 6286 | 90547 | SH |  | SOLE | 1 | 90547 | 0 | 0 |
| NISOURCE INC | COMMON | 65473P105 |  | 10890 | 269955 | SH |  | SOLE | 1 | 269955 | 0 | 0 |
| NVIDIA CORP | COMMON | 67066G104 |  | 136220 | 862208 | SH |  | SOLE | 1 | 862208 | 0 | 0 |
| OREILLY AUTOMOTIVE INC | COMMON | 67103H107 |  | 122 | 1350 | SH |  | SOLE | 1 | 1350 | 0 | 0 |
| ORACLE CORP | COMMON | 68389X105 |  | 22344 | 102201 | SH |  | SOLE | 1 | 102201 | 0 | 0 |
| OTIS WORLDWIDE CORP | COMMON | 68902V107 |  | 764 | 7720 | SH |  | SOLE | 1 | 7720 | 0 | 0 |
| PPL CORP | COMMON | 69351T106 |  | 11942 | 352386 | SH |  | SOLE | 1 | 352386 | 0 | 0 |
| PTC INC | COMMON | 69370C100 |  | 8741 | 50720 | SH |  | SOLE | 1 | 50720 | 0 | 0 |
| PAYCOM SOFTWARE INC | COMMON | 70432V102 |  | 4158 | 17970 | SH |  | SOLE | 1 | 17970 | 0 | 0 |
| T ROWE PRICE GROUP INC | COMMON | 74144T108 |  | 229 | 2375 | SH |  | SOLE | 1 | 2375 | 0 | 0 |
| PRINCIPAL FINANCIAL GROUP INC | COMMON | 74251V102 |  | 46 | 575 | SH |  | SOLE | 1 | 575 | 0 | 0 |
| PROCEPT BIOROBOTICS CORP | COMMON | 74276L105 |  | 1506 | 26140 | SH |  | SOLE | 1 | 26140 | 0 | 0 |
| PROVIDENT FINANCIAL SERVICES I | COMMON | 74386T105 |  | 877 | 50025 | SH |  | SOLE | 1 | 50025 | 0 | 0 |
| PUBLIC STORAGE | REIT | 74460D109 |  | 6928 | 23610 | SH |  | SOLE | 1 | 23610 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COMMON | 74834L100 |  | 10390 | 57843 | SH |  | SOLE | 1 | 57843 | 0 | 0 |
| S GLOBAL INC | COMMON | 78409V104 |  | 11982 | 22724 | SH |  | SOLE | 1 | 22724 | 0 | 0 |
| SALESFORCE INC | COMMON | 79466L302 |  | 22502 | 82517 | SH |  | SOLE | 1 | 82517 | 0 | 0 |
| SAMSARA INC. CLASS A | COMMON | 79589L106 |  | 2471 | 62115 | SH |  | SOLE | 1 | 62115 | 0 | 0 |
| SEA LTD-ADR | DEPOSITARY RECEI | 81141R100 |  | 404 | 2525 | SH |  | SOLE | 1 | 2525 | 0 | 0 |
| SENSIENT TECHNOLOGIES CORP | COMMON | 81725T100 |  | 1499 | 15220 | SH |  | SOLE | 1 | 15220 | 0 | 0 |
| SERVICENOW INC | COMMON | 81762P102 |  | 15423 | 15002 | SH |  | SOLE | 1 | 15002 | 0 | 0 |
| ARS PHARMACEUTICALS INC | COMMON | 82835W108 |  | 704 | 40350 | SH |  | SOLE | 1 | 40350 | 0 | 0 |
| SOUTHERN COPPER CORP | COMMON | 84265V105 |  | 189 | 1868 | SH |  | SOLE | 1 | 1868 | 0 | 0 |
| STRATEGIC EDUCATION INC | COMMON | 86272C103 |  | 77 | 900 | SH |  | SOLE | 1 | 900 | 0 | 0 |
| SYNOVUS FINANCIAL CORP | COMMON | 87161C501 |  | 1046 | 20206 | SH |  | SOLE | 1 | 20206 | 0 | 0 |
| TFI INTERNATIONAL INC | COMMON | 87241L109 |  | 2426 | 27050 | SH |  | SOLE | 1 | 27050 | 0 | 0 |
| TARGA RESOURCES CORP | COMMON | 87612G101 |  | 1606 | 9225 | SH |  | SOLE | 1 | 9225 | 0 | 0 |
| TENET HEALTHCARE CORP | COMMON | 88033G407 |  | 5971 | 33925 | SH |  | SOLE | 1 | 33925 | 0 | 0 |
| TESLA INC | COMMON | 88160R101 |  | 1805 | 5681 | SH |  | SOLE | 1 | 5681 | 0 | 0 |
| TETRALOGIC PHARMACEUTICALS COR | COMMON | 88165U109 |  | 0 | 3913 | SH |  | SOLE | 1 | 3913 | 0 | 0 |
| TRANSMEDICS GROUP INC | COMMON | 89377M109 |  | 989 | 7380 | SH |  | SOLE | 1 | 7380 | 0 | 0 |
| TREX CO INC | COMMON | 89531P105 |  | 4276 | 78635 | SH |  | SOLE | 1 | 78635 | 0 | 0 |
| TRIP COM GROUP LTD ADR | DEPOSITARY RECEI | 89677Q107 |  | 424 | 7225 | SH |  | SOLE | 1 | 7225 | 0 | 0 |
| TRUIST FINANCIAL CORP | COMMON | 89832Q109 |  | 5 | 125 | SH |  | SOLE | 1 | 125 | 0 | 0 |
| UBER TECHNOLOGIES INC | COMMON | 90353T100 |  | 2015 | 21600 | SH |  | SOLE | 1 | 21600 | 0 | 0 |
| ULTA BEAUTY INC | COMMON | 90384S303 |  | 8983 | 19202 | SH |  | SOLE | 1 | 19202 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COMMON | 91324P102 |  | 29032 | 93059 | SH |  | SOLE | 1 | 93059 | 0 | 0 |
| VAIL RESORTS INC | COMMON | 91879Q109 |  | 411 | 2615 | SH |  | SOLE | 1 | 2615 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COMMON | 92343V104 |  | 8553 | 197675 | SH |  | SOLE | 1 | 197675 | 0 | 0 |
| VERICEL CORP | COMMON | 92346J108 |  | 3539 | 83180 | SH |  | SOLE | 1 | 83180 | 0 | 0 |
| VERTIV HOLDINGS CO-A | COMMON | 92537N108 |  | 6965 | 54237 | SH |  | SOLE | 1 | 54237 | 0 | 0 |
| VISA INC | COMMON | 92826C839 |  | 26771 | 75401 | SH |  | SOLE | 1 | 75401 | 0 | 0 |
| WEC ENERGY GROUP INC | COMMON | 92939U106 |  | 2299 | 22063 | SH |  | SOLE | 1 | 22063 | 0 | 0 |
| WASTE CONNECTIONS INC | COMMON | 94106B101 |  | 11668 | 62488 | SH |  | SOLE | 1 | 62488 | 0 | 0 |
| WASTE MANAGEMENT INC | COMMON | 94106L109 |  | 11155 | 48750 | SH |  | SOLE | 1 | 48750 | 0 | 0 |
| WELLTOWER INC | REIT | 95040Q104 |  | 136 | 885 | SH |  | SOLE | 1 | 885 | 0 | 0 |
| XYLEM INC | COMMON | 98419M100 |  | 10109 | 78150 | SH |  | SOLE | 1 | 78150 | 0 | 0 |
| YETI HOLDINGS INC | COMMON | 98585X104 |  | 1751 | 55560 | SH |  | SOLE | 1 | 55560 | 0 | 0 |
| ZIMMER BIOMET HOLDINGS INC | COMMON | 98956P102 |  | 2089 | 22907 | SH |  | SOLE | 1 | 22907 | 0 | 0 |
| ZOETIS INC | COMMON | 98978V103 |  | 268 | 1717 | SH |  | SOLE | 1 | 1717 | 0 | 0 |
| ZURN WATER SOLUTIONS CORP | COMMON | 98983L108 |  | 1118 | 30575 | SH |  | SOLE | 1 | 30575 | 0 | 0 |
| AON PLC | COMMON | G0403H108 |  | 19 | 54 | SH |  | SOLE | 1 | 54 | 0 | 0 |
| ARCH CAPITAL GROUP LTD | COMMON | G0450A105 |  | 117 | 1290 | SH |  | SOLE | 1 | 1290 | 0 | 0 |
| AXIS CAPITAL HOLDINGS LTD | COMMON | G0692U109 |  | 7722 | 74380 | SH |  | SOLE | 1 | 74380 | 0 | 0 |
| ACCENTURE PLC CL A | COMMON | G1151C101 |  | 23194 | 77600 | SH |  | SOLE | 1 | 77600 | 0 | 0 |
| CRH PLC | COMMON | G25508105 |  | 1223 | 13325 | SH |  | SOLE | 1 | 13325 | 0 | 0 |
| COCA-COLA EUROPACIFIC PARTNERS | COMMON | G25839104 |  | 5684 | 61300 | SH |  | SOLE | 1 | 61300 | 0 | 0 |
| EATON CORP PLC | COMMON | G29183103 |  | 13584 | 38051 | SH |  | SOLE | 1 | 38051 | 0 | 0 |
| ESTABLISHMENT LABS HLDGS | COMMON | G31249108 |  | 923 | 21600 | SH |  | SOLE | 1 | 21600 | 0 | 0 |
| ESSENT GROUP LTD | COMMON | G3198U102 |  | 118 | 1950 | SH |  | SOLE | 1 | 1950 | 0 | 0 |
| EVEREST GROUP LTD | COMMON | G3223R108 |  | 301 | 886 | SH |  | SOLE | 1 | 886 | 0 | 0 |
| APTIV PLC | COMMON | G3265R107 |  | 272 | 3985 | SH |  | SOLE | 1 | 3985 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | COMMON | G4474Y214 |  | 523 | 13475 | SH |  | SOLE | 1 | 13475 | 0 | 0 |
| LINDE PLC | COMMON | G54950103 |  | 17872 | 38092 | SH |  | SOLE | 1 | 38092 | 0 | 0 |
| MEDTRONIC PLC | COMMON | G5960L103 |  | 7768 | 89115 | SH |  | SOLE | 1 | 89115 | 0 | 0 |
| NU HLDGS LTD | COMMON | G6683N103 |  | 2741 | 199780 | SH |  | SOLE | 1 | 199780 | 0 | 0 |
| PENTAIR LTD | COMMON | G7S00T104 |  | 76 | 740 | SH |  | SOLE | 1 | 740 | 0 | 0 |
| STERIS PLC | COMMON | G8473T100 |  | 1713 | 7130 | SH |  | SOLE | 1 | 7130 | 0 | 0 |
| TE CONNECTIVITY PLC | COMMON | G87052109 |  | 15446 | 91574 | SH |  | SOLE | 1 | 91574 | 0 | 0 |
| TECHNIPFMC PLC | COMMON | G87110105 |  | 4543 | 131925 | SH |  | SOLE | 1 | 131925 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COMMON | G8994E103 |  | 2310 | 5280 | SH |  | SOLE | 1 | 5280 | 0 | 0 |
| GOLAR LNG LTD | COMMON | G9456A100 |  | 2490 | 60450 | SH |  | SOLE | 1 | 60450 | 0 | 0 |
| CHUBB LTD | COMMON | H1467J104 |  | 32574 | 112434 | SH |  | SOLE | 1 | 112434 | 0 | 0 |
| GARMIN LTD | COMMON | H2906T109 |  | 3310 | 15859 | SH |  | SOLE | 1 | 15859 | 0 | 0 |
| ON HOLDING AG | COMMON | H5919C104 |  | 1809 | 34750 | SH |  | SOLE | 1 | 34750 | 0 | 0 |
| GLOBANT SA | COMMON | L44385109 |  | 2598 | 28595 | SH |  | SOLE | 1 | 28595 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | COMMON | L8681T102 |  | 12498 | 16288 | SH |  | SOLE | 1 | 16288 | 0 | 0 |
| ASML HOLDING NV | NY REG SHRS | N07059210 |  | 11600 | 14475 | SH |  | SOLE | 1 | 14475 | 0 | 0 |
| STELLANTIS NV | COMMON | N82405106 |  | 693 | 69075 | SH |  | SOLE | 1 | 69075 | 0 | 0 |
| MAKEMYTRIP LTD | COMMON | V5633W109 |  | 113 | 1150 | SH |  | SOLE | 1 | 1150 | 0 | 0 |
| FLEX LTD | COMMON | Y2573F102 |  | 200 | 4000 | SH |  | SOLE | 1 | 4000 | 0 | 0 |
| ABERDEEN INC CREDIT STRATEGIES | COMMON | 003057106 |  | 15742 | 2668158 | SH |  | SOLE | 1 | 0 | 2668158 | 0 |
| ALLIANCEBERNSTEIN NATIONAL MUN | COMMON | 01864U106 |  | 6330 | 613975 | SH |  | SOLE | 1 | 0 | 613975 | 0 |
| ABERDEEN TOTAL DYNAMIC DIVD FD | COMMON | 00326L100 |  | 4688 | 529152 | SH |  | SOLE | 1 | 0 | 529152 | 0 |
| ARES DYNAMIC CRED ALLOC FD  AR | COMMON | 04014F102 |  | 621 | 43687 | SH |  | SOLE | 1 | 0 | 43687 | 0 |
| ADVENT CLAYMORE CV SEC AND INC | COMMON | 00764C109 |  | 44548 | 3678591 | SH |  | SOLE | 1 | 0 | 3678591 | 0 |
| BLACKROCK TAXABLE MUNI BOND TR | COMMON | 09248X100 |  | 96295 | 5977374 | SH |  | SOLE | 1 | 0 | 5977374 | 0 |
| BANCROFT FUND LTD BCV | COMMON | 059695106 |  | 5376 | 284438 | SH |  | SOLE | 1 | 0 | 284438 | 0 |
| BLACKROCK RESOURCES  COMMOD B | COMMON | 09257A108 |  | 9004 | 952756 | SH |  | SOLE | 1 | 0 | 952756 | 0 |
| BLACKROCK MUNI INC TR BFK | COMMON | 09248F109 |  | 378 | 39369 | SH |  | SOLE | 1 | 0 | 39369 | 0 |
| BLACKSTONE STRAT CR 2027 TERM | COMMON | 09257R101 |  | 9059 | 747429 | SH |  | SOLE | 1 | 0 | 747429 | 0 |
| BARINGS GLOBAL SHORT DUR HI YL | COMMON | 06760L100 |  | 4033 | 261915 | SH |  | SOLE | 1 | 0 | 261915 | 0 |
| BLACKSTONE LNG SHRT CRED INC F | COMMON | 09257D102 |  | 4362 | 351516 | SH |  | SOLE | 1 | 0 | 351516 | 0 |
| BLACKROCK ENH INTL DVD TR BGY | COMMON | 092524107 |  | 9036 | 1560567 | SH |  | SOLE | 1 | 0 | 1560567 | 0 |
| BLACKROCK CORE BOND TRUST BHK | COMMON | 09249E101 |  | 97709 | 10052357 | SH |  | SOLE | 1 | 0 | 10052357 | 0 |
| BLACKROCK CORE BD TR BHK-R | COMMON | 09249E119 |  | 2 | 18245 | SH |  | SOLE | 1 | 0 | 18245 | 0 |
| BLACKROCK INVESTMENT QUALITY M | COMMON | 09247D105 |  | 496 | 45400 | SH |  | SOLE | 1 | 0 | 45400 | 0 |
| BLACKROCK INCOME TR INC BKT | COMMON | 09247F209 |  | 35381 | 3011113 | SH |  | SOLE | 1 | 0 | 3011113 | 0 |
| BLACKROCK MUNICIPAL INCOME TRU | COMMON | 09249N101 |  | 2815 | 280333 | SH |  | SOLE | 1 | 0 | 280333 | 0 |
| BLACKROCK ENHANCED GBL DI BOE | COMMON | 092501105 |  | 13857 | 1220842 | SH |  | SOLE | 1 | 0 | 1220842 | 0 |
| BLACKROCK LONG-TERM MUNI ADVAN | COMMON | 09250B103 |  | 1057 | 115252 | SH |  | SOLE | 1 | 0 | 115252 | 0 |
| BLACKROCK TECH  PRIV EQ TERM | COMMON | 09260Q108 |  | 40485 | 5515699 | SH |  | SOLE | 1 | 0 | 5515699 | 0 |
| BLACKROCK CREDIT ALLOCATION IN | COMMON | 092508100 |  | 63018 | 5770839 | SH |  | SOLE | 1 | 0 | 5770839 | 0 |
| BLACKROCK MUNICIPAL INC QUALIT | COMMON | 092479104 |  | 663 | 62823 | SH |  | SOLE | 1 | 0 | 62823 | 0 |
| MFS INTERMEDIATE HIGH INCOME F | COMMON | 59318T109 |  | 2021 | 1161479 | SH |  | SOLE | 1 | 0 | 1161479 | 0 |
| CORNERSTONE STRATEGIC VALUE FD | COMMON | 21924B302 |  | 46534 | 5730776 | SH |  | SOLE | 1 | 0 | 5730776 | 0 |
| MFS HIGH YIELD MUNI TR  CMU | COMMON | 59318E102 |  | 7754 | 2328607 | SH |  | SOLE | 1 | 0 | 2328607 | 0 |
| CALAMOS LNG/SHRT EQ  DYN CPZ | COMMON | 12812C106 |  | 17542 | 1080868 | SH |  | SOLE | 1 | 0 | 1080868 | 0 |
| CORNERSTONE TOTAL RETURN FD CR | COMMON | 21924U300 |  | 85836 | 11075628 | SH |  | SOLE | 1 | 0 | 11075628 | 0 |
| MFS HIGH INCOME MUNICIPAL TRUS | COMMON | 59318D104 |  | 2156 | 602261 | SH |  | SOLE | 1 | 0 | 602261 | 0 |
| MFS INVESTMENT GRADE MUNICIPAL | COMMON | 59318B108 |  | 5247 | 686794 | SH |  | SOLE | 1 | 0 | 686794 | 0 |
| DOUBLELINE OPP CREDIT FD DBL | COMMON | 258623107 |  | 50306 | 3270893 | SH |  | SOLE | 1 | 0 | 3270893 | 0 |
| FLAHERTY  CRUMRINE DYN P DFP | COMMON | 33848W106 |  | 1117 | 54393 | SH |  | SOLE | 1 | 0 | 54393 | 0 |
| BNY MELLON HIGH YIELD STRATEGI | COMMON | 09660L105 |  | 8183 | 3147462 | SH |  | SOLE | 1 | 0 | 3147462 | 0 |
| CREDIT SUISSE HIGH YIELD BOND | COMMON | 22544F103 |  | 414 | 194148 | SH |  | SOLE | 1 | 0 | 194148 | 0 |
| WESTERN ASSET MORTGAGE DEFINED | COMMON | 95790B109 |  | 405 | 33880 | SH |  | SOLE | 1 | 0 | 33880 | 0 |
| BNYM AMT-FREE MUNI BD DMUAX | COMMON | 05588R505 |  | 1377 | 106416 | SH |  | SOLE | 1 | 0 | 106416 | 0 |
| BNY MELLON STRATEGIC MUNI BOND | COMMON | 09662E109 |  | 2793 | 498827 | SH |  | SOLE | 1 | 0 | 498827 | 0 |
| DTF TAX-FREE INCOME INC DTF | COMMON | 23334J107 |  | 10273 | 918069 | SH |  | SOLE | 1 | 0 | 918069 | 0 |
| ALLSPRING INCOME OPPORTUNITIES | COMMON | 94987B105 |  | 7149 | 1012599 | SH |  | SOLE | 1 | 0 | 1012599 | 0 |
| BLACKROCK ESG CAPITAL ALLOC TR | COMMON | 09262F100 |  | 15590 | 970728 | SH |  | SOLE | 1 | 0 | 970728 | 0 |
| ELLSWORTH GROWTH AND INCOME FD | COMMON | 289074106 |  | 7913 | 772042 | SH |  | SOLE | 1 | 0 | 772042 | 0 |
| WESTERN ASSET GLOBAL HIGH INC | COMMON | 95766B109 |  | 27043 | 4134952 | SH |  | SOLE | 1 | 0 | 4134952 | 0 |
| EATON VANCE MUNICIPAL BOND FUN | COMMON | 27827X101 |  | 1949 | 201600 | SH |  | SOLE | 1 | 0 | 201600 | 0 |
| EATON VANCE NEW YORK MUNI ENX | COMMON | 27827Y109 |  | 24804 | 2669936 | SH |  | SOLE | 1 | 0 | 2669936 | 0 |
| WELLS FARGO MULTI-SECTOR INC F | COMMON | 94987D101 |  | 23208 | 2455899 | SH |  | SOLE | 1 | 0 | 2455899 | 0 |
| EATON VANCE SHORT DUR DIVERSIF | COMMON | 27828V104 |  | 11335 | 1027640 | SH |  | SOLE | 1 | 0 | 1027640 | 0 |
| EATON VANCE CA MUNICIPAL BOND | COMMON | 27828A100 |  | 34615 | 3880632 | SH |  | SOLE | 1 | 0 | 3880632 | 0 |
| EATON VANCE LIMITED DURATION I | COMMON | 27828H105 |  | 61175 | 5962489 | SH |  | SOLE | 1 | 0 | 5962489 | 0 |
| FIRST TR SPEC FIN OPP FD FBDC | COMMON | 33740F110 |  | 5930 | 1415410 | SH |  | SOLE | 1 | 0 | 1415410 | 0 |
| FIRST TRUST SENIOR FLOATING RA | COMMON | 33733U108 |  | 1048 | 103158 | SH |  | SOLE | 1 | 0 | 103158 | 0 |
| FLAHERTY  CRUMRINE PFD SEC IN | COMMON | 338478100 |  | 6810 | 418047 | SH |  | SOLE | 1 | 0 | 418047 | 0 |
| ANGEL OAK FINANCIAL STRAT INC | COMMON | 03464A100 |  | 124983 | 9628897 | SH |  | SOLE | 1 | 0 | 9628897 | 0 |
| FLAHERTY  CRUMRINE TOTAL RETU | COMMON | 338479108 |  | 11375 | 669089 | SH |  | SOLE | 1 | 0 | 669089 | 0 |
| FEDERATED PREMIER MUNI INC FD | COMMON | 31423P108 |  | 39 | 3684 | SH |  | SOLE | 1 | 0 | 3684 | 0 |
| FIRST TR MORTGAGE INCOME FD FM | COMMON | 33734E103 |  | 27680 | 2268865 | SH |  | SOLE | 1 | 0 | 2268865 | 0 |
| FIRST TR INTER DUR PFD  FPF | COMMON | 33718W103 |  | 11116 | 590629 | SH |  | SOLE | 1 | 0 | 590629 | 0 |
| FS CREDIT OPPORTUNITIES FD  FS | COMMON | 30290Y101 |  | 27562 | 3796440 | SH |  | SOLE | 1 | 0 | 3796440 | 0 |
| FRANKLIN LIMITED DURATION INCO | COMMON | 35472T101 |  | 60 | 9381 | SH |  | SOLE | 1 | 0 | 9381 | 0 |
| FIRST TR HIGH YIELD OPP 2027 F | COMMON | 33741Q107 |  | 20814 | 1401635 | SH |  | SOLE | 1 | 0 | 1401635 | 0 |
| GENERAL AMERICAN INVESTORS CO | COMMON | 368802104 |  | 13909 | 248197 | SH |  | SOLE | 1 | 0 | 248197 | 0 |
| GUGGENHEIM TAXABLE MUNI MANAGE | COMMON | 401664107 |  | 8870 | 589739 | SH |  | SOLE | 1 | 0 | 589739 | 0 |
| GABELLI DIVD  INCOME TR GDV | COMMON | 36242H104 |  | 16193 | 622556 | SH |  | SOLE | 1 | 0 | 622556 | 0 |
| NEW GERMANY FD INC GF | COMMON | 644465106 |  | 1254 | 105023 | SH |  | SOLE | 1 | 0 | 105023 | 0 |
| GABELLI MULTIMEDIA TRUST GGT | COMMON | 36239Q109 |  | 4987 | 1207498 | SH |  | SOLE | 1 | 0 | 1207498 | 0 |
| CLOUGH GLOBAL OPP FD  GLO | COMMON | 18914E106 |  | 13985 | 2575503 | SH |  | SOLE | 1 | 0 | 2575503 | 0 |
| CLOUGH GLOBAL EQUITY FD GLQ | COMMON | 18914C100 |  | 13206 | 1853749 | SH |  | SOLE | 1 | 0 | 1853749 | 0 |
| CLOUGH GLOBAL DIV  INC FD GLV | COMMON | 18913Y103 |  | 134 | 23604 | SH |  | SOLE | 1 | 0 | 23604 | 0 |
| GAMCO NAT RES GOLD  INC TR GN | COMMON | 36465E101 |  | 1014 | 161227 | SH |  | SOLE | 1 | 0 | 161227 | 0 |
| GABELLI HLTH CARE  WELLNESSRX | COMMON | 36246K103 |  | 6001 | 635046 | SH |  | SOLE | 1 | 0 | 635046 | 0 |
| WESTERN ASSET HIGH INC OPP FD | COMMON | 95766K109 |  | 4169 | 1047524 | SH |  | SOLE | 1 | 0 | 1047524 | 0 |
| PIONEER DIVERSIFIED HIGH INC F | COMMON | 723653101 |  | 4222 | 337597 | SH |  | SOLE | 1 | 0 | 337597 | 0 |
| WESTERN ASSET HGH YLD DFN FD H | COMMON | 95768B107 |  | 17996 | 1502176 | SH |  | SOLE | 1 | 0 | 1502176 | 0 |
| VOYA ASIA PAC HI DVD EQ INC IA | COMMON | 92912J102 |  | 274 | 38855 | SH |  | SOLE | 1 | 0 | 38855 | 0 |
| WESTERN ASSET INV GRA DEF OPP | COMMON | 95790A101 |  | 5527 | 333360 | SH |  | SOLE | 1 | 0 | 333360 | 0 |
| VOYA EMRG MRKT HI DVD EQTY IHD | COMMON | 92912P108 |  | 605 | 101923 | SH |  | SOLE | 1 | 0 | 101923 | 0 |
| INVESCO VALUE MUNICIPAL INCOME | COMMON | 46132P108 |  | 1656 | 142279 | SH |  | SOLE | 1 | 0 | 142279 | 0 |
| INVESCO QUALITY MUNICIPAL INCO | COMMON | 46133G107 |  | 7002 | 746463 | SH |  | SOLE | 1 | 0 | 746463 | 0 |
| NUVEEN FLOATING RATE INC FD JF | COMMON | 67072T108 |  | 50725 | 5988753 | SH |  | SOLE | 1 | 0 | 5988753 | 0 |
| NUVEEN GLOBAL HIGH INCOME FD J | COMMON | 67075G103 |  | 281 | 21771 | SH |  | SOLE | 1 | 0 | 21771 | 0 |
| JOHN HANCOCK INVESTORS TR JHI | COMMON | 410142103 |  | 6118 | 441920 | SH |  | SOLE | 1 | 0 | 441920 | 0 |
| JOHN HANCOCK INCOME SECURITIES | COMMON | 410123103 |  | 35267 | 3126507 | SH |  | SOLE | 1 | 0 | 3126507 | 0 |
| NUVEEN MORTGAGE  INCOME FD JL | COMMON | 670735109 |  | 25515 | 1361500 | SH |  | SOLE | 1 | 0 | 1361500 | 0 |
| NUVEEN MULTI-MARKET INC FD JMM | COMMON | 67075J107 |  | 35423 | 5640636 | SH |  | SOLE | 1 | 0 | 5640636 | 0 |
| NUVEEN PREFERRED INCOME OPPORT | COMMON | 67073B106 |  | 9593 | 1196141 | SH |  | SOLE | 1 | 0 | 1196141 | 0 |
| NUVEEN CREDIT STRATEGIES INC F | COMMON | 67073D102 |  | 11996 | 2225536 | SH |  | SOLE | 1 | 0 | 2225536 | 0 |
| NUVEEN REAL ASSET INC  GRW JR | COMMON | 67074Y105 |  | 3172 | 234930 | SH |  | SOLE | 1 | 0 | 234930 | 0 |
| KKR INCOME OPPORTUNITIES FD KI | COMMON | 48249T106 |  | 22147 | 1763303 | SH |  | SOLE | 1 | 0 | 1763303 | 0 |
| DWS MUNICIPAL INCOME TRUST KTF | COMMON | 233368109 |  | 83510 | 9446885 | SH |  | SOLE | 1 | 0 | 9446885 | 0 |
| KAYNE ANDERSON ENERGY INFRASTR | COMMON | 486606106 |  | 597 | 46967 | SH |  | SOLE | 1 | 0 | 46967 | 0 |
| BNYM STRATEGIC MUNICIPALS INC | COMMON | 05588W108 |  | 3886 | 656346 | SH |  | SOLE | 1 | 0 | 656346 | 0 |
| PIONEER MUNICIPAL HIGH INC MAV | COMMON | 723762100 |  | 18715 | 2254847 | SH |  | SOLE | 1 | 0 | 2254847 | 0 |
| MFS CHARTER INCOME TRUST MCR | COMMON | 552727109 |  | 17912 | 2816381 | SH |  | SOLE | 1 | 0 | 2816381 | 0 |
| MFS GOVERNMENT MARKETS INCOME | COMMON | 552939100 |  | 26216 | 8402516 | SH |  | SOLE | 1 | 0 | 8402516 | 0 |
| BLACKROCK MUNIHOLDING MHD | COMMON | 09253N104 |  | 3256 | 290680 | SH |  | SOLE | 1 | 0 | 290680 | 0 |
| PIONEER MUNI HIGH INCOME TRUST | COMMON | 723763108 |  | 21646 | 2363095 | SH |  | SOLE | 1 | 0 | 2363095 | 0 |
| BLACKROCK MUNIHOLDINGS NY QUAL | COMMON | 09255C106 |  | 123 | 12500 | SH |  | SOLE | 1 | 0 | 12500 | 0 |
| MFS INTERMEDIATE INCOME TRUST | COMMON | 55273C107 |  | 71296 | 26308365 | SH |  | SOLE | 1 | 0 | 26308365 | 0 |
| PIONEER MUNI HIGH INC OPP MIO | COMMON | 723760104 |  | 30254 | 2563916 | SH |  | SOLE | 1 | 0 | 2563916 | 0 |
| BLACKROCK MUNIYIELD MI QUALITY | COMMON | 09254V105 |  | 2872 | 260164 | SH |  | SOLE | 1 | 0 | 260164 | 0 |
| ALLIANCEBERNSTEIN HOLDING LP | COMMON | 01881G106 |  | 1641 | 40200 | SH |  | SOLE | 1 | 0 | 40200 | 0 |
| MFS MULTIMARKET INCOME TRUST M | COMMON | 552737108 |  | 155 | 32990 | SH |  | SOLE | 1 | 0 | 32990 | 0 |
| BLACKROCK MUNIYIELD PA QUALITY | COMMON | 09255G107 |  | 600 | 55573 | SH |  | SOLE | 1 | 0 | 55573 | 0 |
| BLACKROCK MUNIYIELD QUALITY FD | COMMON | 09254G108 |  | 4573 | 474424 | SH |  | SOLE | 1 | 0 | 474424 | 0 |
| BLACKROCK MUNIHOLDINGS CA MUC | COMMON | 09254L107 |  | 15338 | 1481893 | SH |  | SOLE | 1 | 0 | 1481893 | 0 |
| BLACKROCK MUNIHOLDINGS QUALITY | COMMON | 09254C107 |  | 3466 | 361837 | SH |  | SOLE | 1 | 0 | 361837 | 0 |
| BLACKROCK MUNIHOLDINGS NJ QUAL | COMMON | 09254X101 |  | 3852 | 351810 | SH |  | SOLE | 1 | 0 | 351810 | 0 |
| BLACKROCK MUNIVEST FUND MVF | COMMON | 09253R105 |  | 5866 | 891518 | SH |  | SOLE | 1 | 0 | 891518 | 0 |
| BLACKROCK MUNIVEST MVT | COMMON | 09253T101 |  | 4183 | 405319 | SH |  | SOLE | 1 | 0 | 405319 | 0 |
| BLACKROCK MUNIYIELD FD MYD | COMMON | 09253W104 |  | 2944 | 293195 | SH |  | SOLE | 1 | 0 | 293195 | 0 |
| BLACKROCK MUNIYIELD QUALITY FD | COMMON | 09254E103 |  | 3172 | 302340 | SH |  | SOLE | 1 | 0 | 302340 | 0 |
| BLACKROCK MUNIYIELD NY QUALITY | COMMON | 09255E102 |  | 295 | 31000 | SH |  | SOLE | 1 | 0 | 31000 | 0 |
| NUVEEN CA DIVIDEND ADV MUNI NA | COMMON | 67066Y105 |  | 1935 | 173252 | SH |  | SOLE | 1 | 0 | 173252 | 0 |
| NUVEEN QUALITY MUNICIPAL INC F | COMMON | 67066V101 |  | 11203 | 992323 | SH |  | SOLE | 1 | 0 | 992323 | 0 |
| NUVEEN BUILD AMERICA BOND FD N | COMMON | 67074C103 |  | 59284 | 3747413 | SH |  | SOLE | 1 | 0 | 3747413 | 0 |
| NEUBERGER BERMAN INTERMEDIATE | COMMON | 64124P101 |  | 2837 | 288577 | SH |  | SOLE | 1 | 0 | 288577 | 0 |
| NEUBERGER BERMAN NEXT GEN FD | COMMON | 64133Q108 |  | 20790 | 1423981 | SH |  | SOLE | 1 | 0 | 1423981 | 0 |
| NUVEEN AMT-FREE QUALITY MUNI I | COMMON | 670657105 |  | 9489 | 868916 | SH |  | SOLE | 1 | 0 | 868916 | 0 |
| VIRTUS DIVD INT  PREM STRATE | COMMON | 92840R101 |  | 2034 | 164038 | SH |  | SOLE | 1 | 0 | 164038 | 0 |
| NUVEEN MN QUALITY MUNI INC FD | COMMON | 670734102 |  | 1048 | 91851 | SH |  | SOLE | 1 | 0 | 91851 | 0 |
| NUVEEN CORE PLUS IMPACT FUND N | COMMON | 67080D103 |  | 3267 | 291452 | SH |  | SOLE | 1 | 0 | 291452 | 0 |
| NUVEEN VAR RT PREF  INC NPFD | COMMON | 67080R102 |  | 54233 | 2812910 | SH |  | SOLE | 1 | 0 | 2812910 | 0 |
| NUVEEN PA QUALITY MUNI INC FD | COMMON | 670972108 |  | 3061 | 272778 | SH |  | SOLE | 1 | 0 | 272778 | 0 |
| NUVEEN NY AMT-FREE MUNICIPAL I | COMMON | 670656107 |  | 653 | 65865 | SH |  | SOLE | 1 | 0 | 65865 | 0 |
| NEUBERGER BERMAN REAL ESTATE S | COMMON | 64190A103 |  | 30374 | 9432852 | SH |  | SOLE | 1 | 0 | 9432852 | 0 |
| NUVEEN AMT-FREE MUNI CREDIT IN | COMMON | 67071L106 |  | 4075 | 341556 | SH |  | SOLE | 1 | 0 | 341556 | 0 |
| NUVEEN NJ QUALITY MUNI INC FD | COMMON | 67069Y102 |  | 6040 | 532121 | SH |  | SOLE | 1 | 0 | 532121 | 0 |
| NUVEEN NY SEL TAX-FR INC NXN | COMMON | 67063V104 |  | 16 | 1400 | SH |  | SOLE | 1 | 0 | 1400 | 0 |
| NUVEEN MUNICIPAL CREDIT INC FD | COMMON | 67070X101 |  | 3667 | 307593 | SH |  | SOLE | 1 | 0 | 307593 | 0 |
| PIMCO CA MUNICIPAL INCOME FUND | COMMON | 72200M108 |  | 1791 | 334216 | SH |  | SOLE | 1 | 0 | 334216 | 0 |
| FLAHERTY  CRUMRINE PFD INC PF | COMMON | 338480106 |  | 6427 | 568232 | SH |  | SOLE | 1 | 0 | 568232 | 0 |
| FLAHERTY  CRUMRINE PFD INC  P | COMMON | 33848E106 |  | 6191 | 669332 | SH |  | SOLE | 1 | 0 | 669332 | 0 |
| PIONEER FLOATING RATE TR PHD | COMMON | 72369J102 |  | 1049 | 106873 | SH |  | SOLE | 1 | 0 | 106873 | 0 |
| PIONEER HIGH INCOME FUND PHT | COMMON | 72369H106 |  | 10810 | 1336272 | SH |  | SOLE | 1 | 0 | 1336272 | 0 |
| PUTNAM MASTER INTERMEDIATE INC | COMMON | 746909100 |  | 79188 | 23638204 | SH |  | SOLE | 1 | 0 | 23638204 | 0 |
| PUTNAM MANAGED MUNI PMM | COMMON | 746823103 |  | 3008 | 502949 | SH |  | SOLE | 1 | 0 | 502949 | 0 |
| PIMCO MUNICIPAL INCOME FUND II | COMMON | 72201A103 |  | 368 | 53708 | SH |  | SOLE | 1 | 0 | 53708 | 0 |
| PUTNAM PREMIER INCOME TRUST PP | COMMON | 746853100 |  | 94391 | 25719698 | SH |  | SOLE | 1 | 0 | 25719698 | 0 |
| COHEN  STEERS SLCT PFD  INC | COMMON | 19248Y107 |  | 990 | 49132 | SH |  | SOLE | 1 | 0 | 49132 | 0 |
| RIVERNORTH CAP AND INCM FD  RS | COMMON | 76882B108 |  | 2960 | 203421 | SH |  | SOLE | 1 | 0 | 203421 | 0 |
| RIVERNORTH CAP AND INCM RSF-R | COMMON | 76882B124 |  | 11 | 203427 | SH |  | SOLE | 1 | 0 | 203427 | 0 |
| WESTERN ASSET INTERMEDIATE MUN | COMMON | 958435109 |  | 159 | 21200 | SH |  | SOLE | 1 | 0 | 21200 | 0 |
| LMP CAPITAL  INCOME FD INC SC | COMMON | 50208A102 |  | 1933 | 123942 | SH |  | SOLE | 1 | 0 | 123942 | 0 |
| LMP CAP  INCOME FD INC  SCD R | COMMON | 50208A110 |  | 60 | 837738 | SH |  | SOLE | 1 | 0 | 837738 | 0 |
| PGIM SHORT DUR HI YLD SDHY | COMMON | 69355J104 |  | 11902 | 706787 | SH |  | SOLE | 1 | 0 | 706787 | 0 |
| TORTOISE SUSTAIN  SOC IMPCT T | COMMON | 27901F109 |  | 5342 | 436221 | SH |  | SOLE | 1 | 0 | 436221 | 0 |
| TCW STRATEGIC INCOME FD TSI | COMMON | 872340104 |  | 39512 | 8096676 | SH |  | SOLE | 1 | 0 | 8096676 | 0 |
| TORTOISE ENERGY INFRASTRUCTURE | COMMON | 89147L886 |  | 5536 | 126135 | SH |  | SOLE | 1 | 0 | 126135 | 0 |
| INVESCO BOND FUND VBF | COMMON | 46132L107 |  | 6946 | 449899 | SH |  | SOLE | 1 | 0 | 449899 | 0 |
| VIRTUS GLOBAL MULTI-SECTOR INC | COMMON | 92829B101 |  | 15272 | 1947946 | SH |  | SOLE | 1 | 0 | 1947946 | 0 |
| INVESCO TRUST FOR INV GRADE MU | COMMON | 46131M106 |  | 6908 | 727956 | SH |  | SOLE | 1 | 0 | 727956 | 0 |
| INVESCO ADVANTAGE MUNI INC TRU | COMMON | 46132E103 |  | 5150 | 615330 | SH |  | SOLE | 1 | 0 | 615330 | 0 |
| INVESCO MUNICIPAL TRUST VKQ | COMMON | 46131J103 |  | 7835 | 856256 | SH |  | SOLE | 1 | 0 | 856256 | 0 |
| INVESCO MUNICIPAL OPPORTUNITY | COMMON | 46132C107 |  | 5728 | 623992 | SH |  | SOLE | 1 | 0 | 623992 | 0 |
| INVESCO PA VALUE MUNI INC TR V | COMMON | 46132K109 |  | 520 | 51685 | SH |  | SOLE | 1 | 0 | 51685 | 0 |
| INVESCO TR FOR INV GRADE NY MU | COMMON | 46131T101 |  | 49 | 4689 | SH |  | SOLE | 1 | 0 | 4689 | 0 |
| WESTERN ASSET PREMIER BOND FUN | COMMON | 957664105 |  | 7657 | 705730 | SH |  | SOLE | 1 | 0 | 705730 | 0 |
| WA INFLATION-LINKED OPP  INC | COMMON | 95766R104 |  | 1456 | 166249 | SH |  | SOLE | 1 | 0 | 166249 | 0 |
| XAI OCTAGN FLT RAT  ALT TR  X | COMMON | 98400T106 |  | 3171 | 561306 | SH |  | SOLE | 1 | 0 | 561306 | 0 |

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