# EDGAR Filing Document

**Accession Number:** 0001976685
**File Stem:** 0001976685-25-000048
**Filing Date:** 2025-12
**Character Count:** 154075
**Document Hash:** 1ee851b247571ec1bd8f7e9a67d33b2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001976685-25-000048.hdr.sgml**: 20251202

**ACCESSION NUMBER**: 0001976685-25-000048

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251202

**DATE AS OF CHANGE**: 20251202

**EFFECTIVENESS DATE**: 20251202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Institutional Investment Strategy Fund
- **CENTRAL INDEX KEY:** 0001976685

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23874
- **FILM NUMBER:** 251542803

**BUSINESS ADDRESS:**
- **STREET 1:** 2261 MARKET STREET
- **STREET 2:** #5190
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94114
- **BUSINESS PHONE:** 800-535-7096

**MAIL ADDRESS:**
- **STREET 1:** 2261 MARKET STREET
- **STREET 2:** #5190
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94114

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

#### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

#### INVESTMENT COMPANIES
Investment Company Act file number 811-23874

#### Institutional Investment Strategy Fund
(Exact name of registrant as specified in charter)

c/o Buena Capital Advisors, LLC

2261 Market Street #5190

<u>San Francisco, CA 94114</u>

(Address of principal executive offices)

The Corporation Trust Company

Corporation Trust Center

1209 Orange Street

<u>Wilmington, DE 19801</u>

(Name and address of agent for service)

Registrant's telephone number, including area code: (800) 535-7096

Date of fiscal year end: March 31

Date of reporting period: September 30, 2025

#### Item 1. Reports to Stockholders.
(a) 2

![](logo.jpg)

Semi-Annual Report

September 30, 2025

#### **Table of Contents**

---

| | |
|:---|:---|
| [Fund Performance](#tocAnchor6) | [2](#tocAnchor6) |
| [Schedule of Investments (Unaudited)](#tocAnchor0) | [3](#tocAnchor0) |
| [Statement of Assets and Liabilities (Unaudited)](#tocAnchor1) | [13](#tocAnchor1) |
| [Statement of Operations (Unaudited)](#tocAnchor2) | [13](#tocAnchor2) |
| [Statements of Changes in Net Assets](#tocAnchor3) | [14](#tocAnchor3) |
| [Financial Highlights](#tocAnchor4) | [15](#tocAnchor4) |
| [Notes to Financial Statements (Unaudited)](#tocAnchor5) | [17](#tocAnchor5) |
| [Other Information (Unaudited)](#tocAnchor8) | [24](#tocAnchor8) |

---

------

#### Fund Performance
 **TOTAL RETURNS FOR THE PERIOD ENDED SEPTEMBER 30, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | **6 months** | **One Year** | **Since Inception**<br> **(annualized)**<br> **(03/05/24)** |
| Founder Class (Formerly Class I) NAV | 11.82% | 13.36% | 13.73% |
| Endowment-Style Index<sup>\*</sup> | 15.00% | 12.95% | 15.37% |
| MSCI ACWI Index<sup>\*</sup> | 20.03% | 17.27% | 19.67% |
| S&P 500 Index<sup>\*\*</sup> (Prior benchmark<sup>†</sup>) | 19.96% | 17.60% | 20.73% |
|  |  | **Since Inception**<br> **(non-annualized)**<br> **(12/18/24)** |  |
| Investor Class NAV | 11.45% | 11.31% |  |
| Endowment-Style Index<sup>\*</sup> | 15.00% | 14.33% |  |
| MSCI ACWI Index<sup>\*</sup> | 20.03% | 17.91% |  |

---

Performance data quoted represents past performance, which is no guarantee of future results and current performance may be lower or higher than the figures shown. All NAV returns include the deduction of management fees, operating expenses and all other Fund expenses. The deduction of taxes that a shareholder would pay on Fund distributions or the sales of Fund shares is not reflected in the total returns.

The referenced indices are unmanaged and not available for direct investment. Index performance does not reflect transaction costs, fees or expenses.

† The Fund has changed its primary benchmark from the S&P 500 Index to the MSCI ACWI Index to better reflect its investment strategy, which may include investments in foreign and domestic equities, both public and private.

\* The Endowment-Style Index is comprised of 70% MSCI ACWI Index and 30% Bloomberg U.S. Aggregate Bond Index. The MSCI ACWI Index

captures large and mid cap representation across 23 Developed Markets (DM) and 24 Emerging Markets (EM) countries. The Bloomberg U.S.

Aggregate Bond Index measures the investment grade, U.S. dollar-denominated, fix-rated taxable bond market.

\*\* The S&P 500 Index is a market capitalization-weighted index of 500 widely held common stocks.

------

#### Schedule of Investments (Unaudited)

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Shares**  | &nbsp;&nbsp; **Value**  |
| &nbsp;&nbsp; **COMMON STOCKS - 43.8%**  | &nbsp;&nbsp; **COMMON STOCKS - 43.8%**  | &nbsp;&nbsp; **COMMON STOCKS - 43.8%**  |
| &nbsp;&nbsp; **Technology - 14.6%**  | &nbsp;&nbsp; **Technology - 14.6%**  | &nbsp;&nbsp; **Technology - 14.6%**  |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp.  | &nbsp;&nbsp; 1845  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$344240  |
| &nbsp;&nbsp;&nbsp; Microsoft Corp.  | &nbsp;&nbsp; 577  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298857  |
| &nbsp;&nbsp;&nbsp; Apple, Inc.  | &nbsp;&nbsp; 1133  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288496  |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc.  | &nbsp;&nbsp; 355  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117118  |
| &nbsp;&nbsp;&nbsp; Oracle Corp.  | &nbsp;&nbsp; 126  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35436  |
| &nbsp;&nbsp;&nbsp; Palantir Technologies, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 176  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32106  |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp.  | &nbsp;&nbsp; 76  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21444  |
| &nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 123  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19900  |
| &nbsp;&nbsp;&nbsp; Salesforce, Inc.  | &nbsp;&nbsp; 75  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17775  |
| &nbsp;&nbsp;&nbsp; Intuit, Inc.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16390  |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc.  | &nbsp;&nbsp; 94  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15728  |
| &nbsp;&nbsp;&nbsp; QUALCOMM, Inc.  | &nbsp;&nbsp; 93  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15471  |
| &nbsp;&nbsp;&nbsp; Lam Research Corp.  | &nbsp;&nbsp; 94  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12587  |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc.  | &nbsp;&nbsp; 67  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12310  |
| &nbsp;&nbsp;&nbsp; Applied Materials, Inc.  | &nbsp;&nbsp; 60  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12284  |
| &nbsp;&nbsp;&nbsp; ServiceNow, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11964  |
| &nbsp;&nbsp;&nbsp; Accenture plc — Class A  | &nbsp;&nbsp; 48  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11837  |
| &nbsp;&nbsp;&nbsp; Adobe, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11641  |
| &nbsp;&nbsp;&nbsp; Analog Devices, Inc.  | &nbsp;&nbsp; 38  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9337  |
| &nbsp;&nbsp;&nbsp; Intel Corp.<sup>\*</sup>  | &nbsp;&nbsp; 273  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9159  |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8827  |
| &nbsp;&nbsp;&nbsp; KLA Corp.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8629  |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7025  |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6908  |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6036  |
| &nbsp;&nbsp;&nbsp; NXP Semiconductor N.V.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5466  |
| &nbsp;&nbsp;&nbsp; Electronic Arts, Inc.  | &nbsp;&nbsp; 26  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5244  |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5157  |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4134  |
| &nbsp;&nbsp;&nbsp; Fortinet, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3699  |
| &nbsp;&nbsp;&nbsp; Seagate Technology Holdings plc  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3541  |
| &nbsp;&nbsp;&nbsp; Western Digital Corp.  | &nbsp;&nbsp; 28  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3362  |
| &nbsp;&nbsp;&nbsp; Datadog, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3275  |
| &nbsp;&nbsp;&nbsp; Paychex, Inc.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3042  |
| &nbsp;&nbsp;&nbsp; Dell Technologies, Inc. — Class C  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2835  |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc.  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2826  |
| &nbsp;&nbsp;&nbsp; Workday, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2648  |
| &nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc.  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2638  |
| &nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. — Class A  | &nbsp;&nbsp; 39  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2616  |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2493  |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp.<sup>\*</sup>  | &nbsp;&nbsp; 48  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2367  |
| &nbsp;&nbsp;&nbsp; MSCI, Inc. — Class A  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2270  |
| &nbsp;&nbsp;&nbsp; PTC, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2030  |
| &nbsp;&nbsp;&nbsp; NetApp, Inc.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2014  |
| &nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc.  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1841  |
| &nbsp;&nbsp;&nbsp; Teradyne, Inc.  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1789  |
| &nbsp;&nbsp;&nbsp; HP, Inc.  | &nbsp;&nbsp; 63  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1715  |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co.  | &nbsp;&nbsp; 67  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1645  |
| &nbsp;&nbsp;&nbsp; Super Micro Computer, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1582  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp.<sup>\*</sup>  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; $1497  |
| &nbsp;&nbsp;&nbsp; Zebra Technologies Corp. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1486  |
| &nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, Inc.  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429  |
| &nbsp;&nbsp;&nbsp; Leidos Holdings, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1323  |
| &nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1078  |
| &nbsp;&nbsp;&nbsp; Gartner, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1051  |
| &nbsp;&nbsp;&nbsp; Tyler Technologies, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1046  |
| &nbsp;&nbsp;&nbsp; Akamai Technologies, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 682  |
| &nbsp;&nbsp;&nbsp; Dayforce, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 551  |
| &nbsp;&nbsp;&nbsp; Paycom Software, Inc.  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416  |
| &nbsp;&nbsp;&nbsp; EPAM Systems, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302  |
| &nbsp;&nbsp; **Total Technology**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1432595  |
| &nbsp;&nbsp; **Communications - 7.2%**  | &nbsp;&nbsp; **Communications - 7.2%**  | &nbsp;&nbsp; **Communications - 7.2%**  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 733  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160945  |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. — Class A  | &nbsp;&nbsp; 163  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119704  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. — Class A  | &nbsp;&nbsp; 439  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106721  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. — Class C  | &nbsp;&nbsp; 353  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85973  |
| &nbsp;&nbsp;&nbsp; Netflix, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 34  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40763  |
| &nbsp;&nbsp;&nbsp; Cisco Systems, Inc.  | &nbsp;&nbsp; 300  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20526  |
| &nbsp;&nbsp;&nbsp; Walt Disney Co.  | &nbsp;&nbsp; 153  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17518  |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 150  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14695  |
| &nbsp;&nbsp;&nbsp; AppLovin Corp. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14371  |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc.  | &nbsp;&nbsp; 306  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13449  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc.  | &nbsp;&nbsp; 461  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13019  |
| &nbsp;&nbsp;&nbsp; T-Mobile US, Inc.  | &nbsp;&nbsp; 47  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11251  |
| &nbsp;&nbsp;&nbsp; Arista Networks, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 76  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11074  |
| &nbsp;&nbsp;&nbsp; Booking Holdings, Inc.  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10799  |
| &nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10181  |
| &nbsp;&nbsp;&nbsp; Comcast Corp. — Class A  | &nbsp;&nbsp; 268  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8421  |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 58  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8304  |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 27  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7344  |
| &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5030  |
| &nbsp;&nbsp;&nbsp; Airbnb, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 32  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3885  |
| &nbsp;&nbsp;&nbsp; eBay, Inc.  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3638  |
| &nbsp;&nbsp;&nbsp; Corning, Inc.  | &nbsp;&nbsp; 42  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3445  |
| &nbsp;&nbsp;&nbsp; Omnicom Group, Inc.  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875  |
| &nbsp;&nbsp;&nbsp; Warner Bros Discovery, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 90  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1758  |
| &nbsp;&nbsp;&nbsp; Charter Communications, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1651  |
| &nbsp;&nbsp;&nbsp; F5, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1616  |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1496  |
| &nbsp;&nbsp;&nbsp; CDW Corp.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1433  |
| &nbsp;&nbsp;&nbsp; VeriSign, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1398  |
| &nbsp;&nbsp;&nbsp; Fox Corp. — Class A  | &nbsp;&nbsp; 22  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1387  |
| &nbsp;&nbsp;&nbsp; Trade Desk, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1225  |
| &nbsp;&nbsp;&nbsp; GoDaddy, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1095  |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc.  | &nbsp;&nbsp; 30  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852  |
| &nbsp;&nbsp;&nbsp; Match Group, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565  |
| &nbsp;&nbsp;&nbsp; Interpublic Group of Companies, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419  |
| &nbsp;&nbsp; **Total Communications**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707826  |
| &nbsp;&nbsp; **Financial - 6.4%**  | &nbsp;&nbsp; **Financial - 6.4%**  | &nbsp;&nbsp; **Financial - 6.4%**  |
| &nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc. — Class B<sup>\*</sup>  | &nbsp;&nbsp; 146  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73400  |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.  | &nbsp;&nbsp; 219  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69079  |
| &nbsp;&nbsp;&nbsp; Visa, Inc. — Class A  | &nbsp;&nbsp; 129  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44038  |
| &nbsp;&nbsp;&nbsp; Mastercard, Inc. — Class A  | &nbsp;&nbsp; 68  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38679  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp.  | &nbsp;&nbsp; 469  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24196  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc.  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; $23094  |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co.  | &nbsp;&nbsp; 247  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20704  |
| &nbsp;&nbsp;&nbsp; American Express Co.  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16608  |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc.  | &nbsp;&nbsp; 162  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16443  |
| &nbsp;&nbsp;&nbsp; Morgan Stanley  | &nbsp;&nbsp; 102  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16214  |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp.  | &nbsp;&nbsp; 152  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14511  |
| &nbsp;&nbsp;&nbsp; Progressive Corp.  | &nbsp;&nbsp; 58  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14323  |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp.  | &nbsp;&nbsp; 55  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11692  |
| &nbsp;&nbsp;&nbsp; Blackrock, Inc.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10493  |
| &nbsp;&nbsp;&nbsp; Blackstone, Inc. — Class A  | &nbsp;&nbsp; 55  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9397  |
| &nbsp;&nbsp;&nbsp; Welltower, Inc. REIT  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8907  |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8841  |
| &nbsp;&nbsp;&nbsp; CME Group, Inc. — Class A  | &nbsp;&nbsp; 31  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8376  |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Companies, Inc.  | &nbsp;&nbsp; 39  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7860  |
| &nbsp;&nbsp;&nbsp; Prologis, Inc. REIT  | &nbsp;&nbsp; 65  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7444  |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc.  | &nbsp;&nbsp; 43  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7245  |
| &nbsp;&nbsp;&nbsp; Chubb Ltd.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6774  |
| &nbsp;&nbsp;&nbsp; American Tower Corp. — Class A REIT  | &nbsp;&nbsp; 35  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6731  |
| &nbsp;&nbsp;&nbsp; Simon Property Group, Inc. REIT  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6193  |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. REIT  | &nbsp;&nbsp; 99  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6018  |
| &nbsp;&nbsp;&nbsp; KKR & Company, Inc. — Class A  | &nbsp;&nbsp; 45  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5848  |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.  | &nbsp;&nbsp; 53  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5775  |
| &nbsp;&nbsp;&nbsp; Coinbase Global, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5737  |
| &nbsp;&nbsp;&nbsp; MetLife, Inc.  | &nbsp;&nbsp; 63  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5189  |
| &nbsp;&nbsp;&nbsp; Aon plc — Class A  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4992  |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4956  |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp  | &nbsp;&nbsp; 100  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4833  |
| &nbsp;&nbsp;&nbsp; Aflac, Inc.  | &nbsp;&nbsp; 42  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4691  |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc.  | &nbsp;&nbsp; 34  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4531  |
| &nbsp;&nbsp;&nbsp; Allstate Corp.  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4508  |
| &nbsp;&nbsp;&nbsp; Travelers Companies, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4468  |
| &nbsp;&nbsp;&nbsp; Public Storage REIT  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4044  |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. REIT  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3976  |
| &nbsp;&nbsp;&nbsp; CBRE Group, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3939  |
| &nbsp;&nbsp;&nbsp; Truist Financial Corp.  | &nbsp;&nbsp; 86  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3932  |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. REIT  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3860  |
| &nbsp;&nbsp;&nbsp; Prudential Financial, Inc.  | &nbsp;&nbsp; 37  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3838  |
| &nbsp;&nbsp;&nbsp; American International Group, Inc.  | &nbsp;&nbsp; 46  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3613  |
| &nbsp;&nbsp;&nbsp; Loews Corp.  | &nbsp;&nbsp; 35  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3514  |
| &nbsp;&nbsp;&nbsp; Ventas, Inc. REIT  | &nbsp;&nbsp; 49  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3429  |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc. REIT  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3284  |
| &nbsp;&nbsp;&nbsp; Equinix, Inc. REIT  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3133  |
| &nbsp;&nbsp;&nbsp; Nasdaq, Inc.  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2919  |
| &nbsp;&nbsp;&nbsp; VICI Properties, Inc. REIT  | &nbsp;&nbsp; 86  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2804  |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc.  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2801  |
| &nbsp;&nbsp;&nbsp; CoStar Group, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2784  |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2767  |
| &nbsp;&nbsp;&nbsp; Raymond James Financial, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2589  |
| &nbsp;&nbsp;&nbsp; State Street Corp.  | &nbsp;&nbsp; 22  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2552  |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. REIT  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2515  |
| &nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2456  |
| &nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. REIT  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2255  |
| &nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2087  |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc. REIT  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2039  |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1960  |
| &nbsp;&nbsp;&nbsp; Equity Residential REIT  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1877  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Brown & Brown, Inc.  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; $1782  |
| &nbsp;&nbsp;&nbsp; Synchrony Financial  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1776  |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. REIT  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1750  |
| &nbsp;&nbsp;&nbsp; Willis Towers Watson plc  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1727  |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc.  | &nbsp;&nbsp; 32  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1701  |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; T. Rowe Price Group, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1642  |
| &nbsp;&nbsp;&nbsp; Northern Trust Corp.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1615  |
| &nbsp;&nbsp;&nbsp; Camden Property Trust REIT  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1602  |
| &nbsp;&nbsp;&nbsp; Principal Financial Group, Inc.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1409  |
| &nbsp;&nbsp;&nbsp; Cincinnati Financial Corp.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1265  |
| &nbsp;&nbsp;&nbsp; W R Berkley Corp.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 766  |
| &nbsp;&nbsp;&nbsp; Assurant, Inc.  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650  |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co. REIT  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620  |
| &nbsp;&nbsp;&nbsp; Kimco Realty Corp. REIT  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328  |
| &nbsp;&nbsp; **Total Financial**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626388  |
| &nbsp;&nbsp; **Consumer, Non-cyclical - 5.9%**  | &nbsp;&nbsp; **Consumer, Non-cyclical - 5.9%**  | &nbsp;&nbsp; **Consumer, Non-cyclical - 5.9%**  |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co.  | &nbsp;&nbsp; 58  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44254  |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson  | &nbsp;&nbsp; 211  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39124  |
| &nbsp;&nbsp;&nbsp; Procter & Gamble Co.  | &nbsp;&nbsp; 207  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31806  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc.  | &nbsp;&nbsp; 133  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30795  |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc.  | &nbsp;&nbsp; 71  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24516  |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co.  | &nbsp;&nbsp; 306  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20294  |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc.  | &nbsp;&nbsp; 118  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19140  |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc.  | &nbsp;&nbsp; 131  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18398  |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories  | &nbsp;&nbsp; 137  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18350  |
| &nbsp;&nbsp;&nbsp; Merck & Company, Inc.  | &nbsp;&nbsp; 189  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15863  |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc.  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14066  |
| &nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc.  | &nbsp;&nbsp; 41  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12034  |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 26  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11628  |
| &nbsp;&nbsp;&nbsp; Amgen, Inc.  | &nbsp;&nbsp; 41  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11570  |
| &nbsp;&nbsp;&nbsp; S&P Global, Inc.  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11194  |
| &nbsp;&nbsp;&nbsp; Boston Scientific Corp.<sup>\*</sup>  | &nbsp;&nbsp; 111  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10837  |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc.  | &nbsp;&nbsp; 91  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10101  |
| &nbsp;&nbsp;&nbsp; Danaher Corp.  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9913  |
| &nbsp;&nbsp;&nbsp; Medtronic plc  | &nbsp;&nbsp; 102  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9714  |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc.  | &nbsp;&nbsp; 142  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9380  |
| &nbsp;&nbsp;&nbsp; Stryker Corp.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8872  |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc.  | &nbsp;&nbsp; 337  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8587  |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8224  |
| &nbsp;&nbsp;&nbsp; CVS Health Corp.  | &nbsp;&nbsp; 93  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7011  |
| &nbsp;&nbsp;&nbsp; Cintas Corp.  | &nbsp;&nbsp; 34  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6979  |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co.  | &nbsp;&nbsp; 142  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6404  |
| &nbsp;&nbsp;&nbsp; HCA Healthcare, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6393  |
| &nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6389  |
| &nbsp;&nbsp;&nbsp; McKesson Corp.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6180  |
| &nbsp;&nbsp;&nbsp; Mondelez International, Inc. — Class A  | &nbsp;&nbsp; 92  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5747  |
| &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5623  |
| &nbsp;&nbsp;&nbsp; Quanta Services, Inc.  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5387  |
| &nbsp;&nbsp;&nbsp; PayPal Holdings, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 80  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5365  |
| &nbsp;&nbsp;&nbsp; Moody's Corp.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5241  |
| &nbsp;&nbsp;&nbsp; Cigna Group  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5189  |
| &nbsp;&nbsp;&nbsp; Colgate-Palmolive Co.  | &nbsp;&nbsp; 60  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4796  |
| &nbsp;&nbsp;&nbsp; Cencora, Inc. — Class A  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4688  |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4524  |
| &nbsp;&nbsp;&nbsp; Zoetis, Inc.  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4243  |
| &nbsp;&nbsp;&nbsp; Becton Dickinson & Co.  | &nbsp;&nbsp; 22  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4118  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; United Rentals, Inc.  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; $3819  |
| &nbsp;&nbsp;&nbsp; Kroger Co.  | &nbsp;&nbsp; 51  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3438  |
| &nbsp;&nbsp;&nbsp; Corteva, Inc.  | &nbsp;&nbsp; 49  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3314  |
| &nbsp;&nbsp;&nbsp; Agilent Technologies, Inc.  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3209  |
| &nbsp;&nbsp;&nbsp; Monster Beverage Corp.<sup>\*</sup>  | &nbsp;&nbsp; 47  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3163  |
| &nbsp;&nbsp;&nbsp; Sysco Corp.  | &nbsp;&nbsp; 38  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3129  |
| &nbsp;&nbsp;&nbsp; Humana, Inc.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3122  |
| &nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp.<sup>\*</sup>  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3111  |
| &nbsp;&nbsp;&nbsp; Block, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 41  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2963  |
| &nbsp;&nbsp;&nbsp; Kimberly-Clark Corp.  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2860  |
| &nbsp;&nbsp;&nbsp; ResMed, Inc.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2737  |
| &nbsp;&nbsp;&nbsp; Cardinal Health, Inc.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2668  |
| &nbsp;&nbsp;&nbsp; Kellanova  | &nbsp;&nbsp; 32  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2625  |
| &nbsp;&nbsp;&nbsp; Insulet Corp.<sup>\*</sup>  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2470  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc.  | &nbsp;&nbsp; 95  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2423  |
| &nbsp;&nbsp;&nbsp; General Mills, Inc.  | &nbsp;&nbsp; 47  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2370  |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc.  | &nbsp;&nbsp; 31  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2328  |
| &nbsp;&nbsp;&nbsp; Equifax, Inc.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2309  |
| &nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co.  | &nbsp;&nbsp; 36  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2151  |
| &nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. — Class A  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012  |
| &nbsp;&nbsp;&nbsp; Kenvue, Inc.  | &nbsp;&nbsp; 120  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1948  |
| &nbsp;&nbsp;&nbsp; Dexcom, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 28  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1884  |
| &nbsp;&nbsp;&nbsp; Biogen, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1821  |
| &nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1710  |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Co.  | &nbsp;&nbsp; 58  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1510  |
| &nbsp;&nbsp;&nbsp; Hershey Co.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1496  |
| &nbsp;&nbsp;&nbsp; STERIS plc  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1485  |
| &nbsp;&nbsp;&nbsp; Zimmer Biomet Holdings, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1477  |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc. — Class A  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1347  |
| &nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1334  |
| &nbsp;&nbsp;&nbsp; Estee Lauder Companies, Inc. — Class A  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1322  |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1246  |
| &nbsp;&nbsp;&nbsp; Labcorp Holdings, Inc.  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1148  |
| &nbsp;&nbsp;&nbsp; McCormick & Company, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070  |
| &nbsp;&nbsp;&nbsp; Centene Corp.<sup>\*</sup>  | &nbsp;&nbsp; 30  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070  |
| &nbsp;&nbsp;&nbsp; Universal Health Services, Inc. — Class B  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1022  |
| &nbsp;&nbsp;&nbsp; Clorox Co.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986  |
| &nbsp;&nbsp;&nbsp; Hologic, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945  |
| &nbsp;&nbsp;&nbsp; Rollins, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940  |
| &nbsp;&nbsp;&nbsp; Waters Corp.<sup>\*</sup>  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 899  |
| &nbsp;&nbsp;&nbsp; Incyte Corp.<sup>\*</sup>  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 848  |
| &nbsp;&nbsp;&nbsp; West Pharmaceutical Services, Inc.  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787  |
| &nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 782  |
| &nbsp;&nbsp;&nbsp; Cooper Companies, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 686  |
| &nbsp;&nbsp;&nbsp; Bunge Global S.A.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650  |
| &nbsp;&nbsp;&nbsp; Avery Dennison Corp.  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649  |
| &nbsp;&nbsp;&nbsp; Revvity, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 613  |
| &nbsp;&nbsp;&nbsp; Corpay, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 576  |
| &nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 574  |
| &nbsp;&nbsp;&nbsp; Henry Schein, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531  |
| &nbsp;&nbsp;&nbsp; Moderna, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517  |
| &nbsp;&nbsp;&nbsp; Solventum Corp.<sup>\*</sup>  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 511  |
| &nbsp;&nbsp;&nbsp; Align Technology, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501  |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465  |
| &nbsp;&nbsp;&nbsp; Church & Dwight Company, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Molson Coors Beverage Co. — Class B  | &nbsp;&nbsp; 8  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$362  |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341  |
| &nbsp;&nbsp;&nbsp; Bio-Techne Corp.  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 334  |
| &nbsp;&nbsp;&nbsp; Conagra Brands, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275  |
| &nbsp;&nbsp; **Total Consumer, Non-cyclical**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586258  |
| &nbsp;&nbsp; **Consumer, Cyclical - 3.6%**  | &nbsp;&nbsp; **Consumer, Cyclical - 3.6%**  | &nbsp;&nbsp; **Consumer, Cyclical - 3.6%**  |
| &nbsp;&nbsp;&nbsp; Tesla, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 214  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95170  |
| &nbsp;&nbsp;&nbsp; Walmart, Inc.  | &nbsp;&nbsp; 332  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34216  |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc.  | &nbsp;&nbsp; 83  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33631  |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp.  | &nbsp;&nbsp; 35  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32397  |
| &nbsp;&nbsp;&nbsp; McDonald's Corp.  | &nbsp;&nbsp; 55  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16714  |
| &nbsp;&nbsp;&nbsp; TJX Companies, Inc.  | &nbsp;&nbsp; 88  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12720  |
| &nbsp;&nbsp;&nbsp; Lowe's Companies, Inc.  | &nbsp;&nbsp; 39  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9801  |
| &nbsp;&nbsp;&nbsp; Starbucks Corp.  | &nbsp;&nbsp; 85  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7191  |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd.  | &nbsp;&nbsp; 22  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7119  |
| &nbsp;&nbsp;&nbsp; NIKE, Inc. — Class B  | &nbsp;&nbsp; 88  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6136  |
| &nbsp;&nbsp;&nbsp; Fastenal Co.  | &nbsp;&nbsp; 120  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5885  |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc. — Class A  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4949  |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 45  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4851  |
| &nbsp;&nbsp;&nbsp; General Motors Co.  | &nbsp;&nbsp; 74  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4512  |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4290  |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4151  |
| &nbsp;&nbsp;&nbsp; DR Horton, Inc.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4067  |
| &nbsp;&nbsp;&nbsp; PACCAR, Inc.  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3933  |
| &nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc. — Class A<sup>\*</sup>  | &nbsp;&nbsp; 94  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3684  |
| &nbsp;&nbsp;&nbsp; Ross Stores, Inc.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3657  |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc.  | &nbsp;&nbsp; 56  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3178  |
| &nbsp;&nbsp;&nbsp; Tapestry, Inc.  | &nbsp;&nbsp; 28  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3170  |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3040  |
| &nbsp;&nbsp;&nbsp; Target Corp.  | &nbsp;&nbsp; 33  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2960  |
| &nbsp;&nbsp;&nbsp; WW Grainger, Inc.  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2859  |
| &nbsp;&nbsp;&nbsp; Copart, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 63  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2833  |
| &nbsp;&nbsp;&nbsp; Lennar Corp. — Class A  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2647  |
| &nbsp;&nbsp;&nbsp; Cummins, Inc.  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2534  |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2451  |
| &nbsp;&nbsp;&nbsp; United Airlines Holdings, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2412  |
| &nbsp;&nbsp;&nbsp; Carnival Corp.<sup>\*</sup>  | &nbsp;&nbsp; 74  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2139  |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1940  |
| &nbsp;&nbsp;&nbsp; Ford Motor Co.  | &nbsp;&nbsp; 159  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1902  |
| &nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1759  |
| &nbsp;&nbsp;&nbsp; MGM Resorts International<sup>\*</sup>  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1733  |
| &nbsp;&nbsp;&nbsp; Aptiv plc<sup>\*</sup>  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1724  |
| &nbsp;&nbsp;&nbsp; Darden Restaurants, Inc.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1713  |
| &nbsp;&nbsp;&nbsp; Tractor Supply Co.  | &nbsp;&nbsp; 30  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1706  |
| &nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.<sup>\*</sup>  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1622  |
| &nbsp;&nbsp;&nbsp; PulteGroup, Inc.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1586  |
| &nbsp;&nbsp;&nbsp; Ralph Lauren Corp. — Class A  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1568  |
| &nbsp;&nbsp;&nbsp; Dollar Tree, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1510  |
| &nbsp;&nbsp;&nbsp; Las Vegas Sands Corp.  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1237  |
| &nbsp;&nbsp;&nbsp; Dollar General Corp.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1137  |
| &nbsp;&nbsp;&nbsp; Best Buy Company, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1134  |
| &nbsp;&nbsp;&nbsp; Ulta Beauty, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1094  |
| &nbsp;&nbsp;&nbsp; Lululemon Athletica, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1068  |
| &nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1010  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Pool Corp.  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; $930  |
| &nbsp;&nbsp;&nbsp; Hasbro, Inc.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759  |
| &nbsp;&nbsp;&nbsp; CarMax, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 583  |
| &nbsp;&nbsp;&nbsp; Domino's Pizza, Inc.  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432  |
| &nbsp;&nbsp; **Total Consumer, Cyclical**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357444  |
| &nbsp;&nbsp; **Industrial - 3.2%**  | &nbsp;&nbsp; **Industrial - 3.2%**  | &nbsp;&nbsp; **Industrial - 3.2%**  |
| &nbsp;&nbsp;&nbsp; General Electric Co.  | &nbsp;&nbsp; 80  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24065  |
| &nbsp;&nbsp;&nbsp; Caterpillar, Inc.  | &nbsp;&nbsp; 42  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20040  |
| &nbsp;&nbsp;&nbsp; RTX Corp.  | &nbsp;&nbsp; 93  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15562  |
| &nbsp;&nbsp;&nbsp; Boeing Co.<sup>\*</sup>  | &nbsp;&nbsp; 65  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14029  |
| &nbsp;&nbsp;&nbsp; GE Vernova, Inc.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12298  |
| &nbsp;&nbsp;&nbsp; Amphenol Corp. — Class A  | &nbsp;&nbsp; 90  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11137  |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp.  | &nbsp;&nbsp; 45  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10637  |
| &nbsp;&nbsp;&nbsp; Honeywell International, Inc.  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10525  |
| &nbsp;&nbsp;&nbsp; Eaton Corporation plc  | &nbsp;&nbsp; 28  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10479  |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp.  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9889  |
| &nbsp;&nbsp;&nbsp; Parker-Hannifin Corp.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9098  |
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp.  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8986  |
| &nbsp;&nbsp;&nbsp; Deere & Co.  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8688  |
| &nbsp;&nbsp;&nbsp; AMETEK, Inc.  | &nbsp;&nbsp; 41  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7708  |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7312  |
| &nbsp;&nbsp;&nbsp; Johnson Controls International plc  | &nbsp;&nbsp; 64  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7037  |
| &nbsp;&nbsp;&nbsp; 3M Co.  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6828  |
| &nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6258  |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc.  | &nbsp;&nbsp; 30  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5887  |
| &nbsp;&nbsp;&nbsp; Emerson Electric Co.  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5772  |
| &nbsp;&nbsp;&nbsp; Waste Management, Inc.  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5521  |
| &nbsp;&nbsp;&nbsp; Trane Technologies plc  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5063  |
| &nbsp;&nbsp;&nbsp; TE Connectivity plc  | &nbsp;&nbsp; 23  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5049  |
| &nbsp;&nbsp;&nbsp; CSX Corp.  | &nbsp;&nbsp; 136  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4829  |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4506  |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc. — Class B  | &nbsp;&nbsp; 53  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4427  |
| &nbsp;&nbsp;&nbsp; Carrier Global Corp.  | &nbsp;&nbsp; 74  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4418  |
| &nbsp;&nbsp;&nbsp; FedEx Corp.  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4245  |
| &nbsp;&nbsp;&nbsp; TransDigm Group, Inc.  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3954  |
| &nbsp;&nbsp;&nbsp; Republic Services, Inc. — Class A  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3672  |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3665  |
| &nbsp;&nbsp;&nbsp; Vulcan Materials Co.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3384  |
| &nbsp;&nbsp;&nbsp; Old Dominion Freight Line, Inc.  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2956  |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2871  |
| &nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies Corp.  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2606  |
| &nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc.  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2521  |
| &nbsp;&nbsp;&nbsp; Xylem, Inc.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2507  |
| &nbsp;&nbsp;&nbsp; Rockwell Automation, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2447  |
| &nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc.  | &nbsp;&nbsp; 29  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2396  |
| &nbsp;&nbsp;&nbsp; Jabil, Inc.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2389  |
| &nbsp;&nbsp;&nbsp; Dover Corp.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2336  |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2274  |
| &nbsp;&nbsp;&nbsp; Otis Worldwide Corp.  | &nbsp;&nbsp; 24  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2194  |
| &nbsp;&nbsp;&nbsp; Garmin Ltd.  | &nbsp;&nbsp; 8  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1970  |
| &nbsp;&nbsp;&nbsp; Veralto Corp.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1812  |
| &nbsp;&nbsp;&nbsp; Trimble, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1715  |
| &nbsp;&nbsp;&nbsp; Masco Corp.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1408  |
| &nbsp;&nbsp;&nbsp; Smurfit WestRock plc  | &nbsp;&nbsp; 31  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1320  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Packaging Corporation of America  | &nbsp;&nbsp; 6  | &nbsp;&nbsp; $1308  |
| &nbsp;&nbsp;&nbsp; Textron, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1267  |
| &nbsp;&nbsp;&nbsp; Ball Corp.  | &nbsp;&nbsp; 25  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1260  |
| &nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228  |
| &nbsp;&nbsp;&nbsp; Pentair plc  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1108  |
| &nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc.  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1103  |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 9  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1091  |
| &nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927  |
| &nbsp;&nbsp;&nbsp; Hubbell, Inc.  | &nbsp;&nbsp; 2  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 861  |
| &nbsp;&nbsp;&nbsp; Fortive Corp.  | &nbsp;&nbsp; 17  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833  |
| &nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749  |
| &nbsp;&nbsp;&nbsp; Allegion plc  | &nbsp;&nbsp; 4  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 709  |
| &nbsp;&nbsp;&nbsp; J.B. Hunt Transport Services, Inc.  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 671  |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520  |
| &nbsp;&nbsp;&nbsp; Generac Holdings, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 3  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502  |
| &nbsp;&nbsp; **Total Industrial**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314827  |
| &nbsp;&nbsp; **Energy - 1.3%**  | &nbsp;&nbsp; **Energy - 1.3%**  | &nbsp;&nbsp; **Energy - 1.3%**  |
| &nbsp;&nbsp;&nbsp; Exxon Mobil Corp.  | &nbsp;&nbsp; 348  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39237  |
| &nbsp;&nbsp;&nbsp; Chevron Corp.  | &nbsp;&nbsp; 156  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24225  |
| &nbsp;&nbsp;&nbsp; ConocoPhillips  | &nbsp;&nbsp; 99  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9364  |
| &nbsp;&nbsp;&nbsp; Williams Companies, Inc.  | &nbsp;&nbsp; 97  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6145  |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc.  | &nbsp;&nbsp; 51  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5718  |
| &nbsp;&nbsp;&nbsp; Phillips 66  | &nbsp;&nbsp; 36  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4897  |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc.  | &nbsp;&nbsp; 158  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4473  |
| &nbsp;&nbsp;&nbsp; Marathon Petroleum Corp.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3855  |
| &nbsp;&nbsp;&nbsp; Valero Energy Corp.  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3575  |
| &nbsp;&nbsp;&nbsp; Schlumberger N.V.  | &nbsp;&nbsp; 99  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3403  |
| &nbsp;&nbsp;&nbsp; Baker Hughes Co.  | &nbsp;&nbsp; 66  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3215  |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc.  | &nbsp;&nbsp; 40  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2919  |
| &nbsp;&nbsp;&nbsp; Equities Corp.  | &nbsp;&nbsp; 44  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2395  |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp.  | &nbsp;&nbsp; 50  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2362  |
| &nbsp;&nbsp;&nbsp; Targa Resources Corp.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010  |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp.  | &nbsp;&nbsp; 48  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1683  |
| &nbsp;&nbsp;&nbsp; Expand Energy Corp.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1594  |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1574  |
| &nbsp;&nbsp;&nbsp; First Solar, Inc.<sup>\*</sup>  | &nbsp;&nbsp; 5  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1103  |
| &nbsp;&nbsp;&nbsp; Halliburton Co.  | &nbsp;&nbsp; 38  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935  |
| &nbsp;&nbsp;&nbsp; Texas Pacific Land Corp.  | &nbsp;&nbsp; 1  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 934  |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. — Class A  | &nbsp;&nbsp; 27  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 639  |
| &nbsp;&nbsp; **Total Energy**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126255  |
| &nbsp;&nbsp; **Utilities - 1.0%**  | &nbsp;&nbsp; **Utilities - 1.0%**  | &nbsp;&nbsp; **Utilities - 1.0%**  |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc.  | &nbsp;&nbsp; 150  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11324  |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp.  | &nbsp;&nbsp; 80  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9900  |
| &nbsp;&nbsp;&nbsp; Southern Co.  | &nbsp;&nbsp; 86  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8150  |
| &nbsp;&nbsp;&nbsp; American Electric Power Company, Inc.  | &nbsp;&nbsp; 62  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6975  |
| &nbsp;&nbsp;&nbsp; Constellation Energy Corp.  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6252  |
| &nbsp;&nbsp;&nbsp; Sempra  | &nbsp;&nbsp; 58  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5219  |
| &nbsp;&nbsp;&nbsp; CMS Energy Corp.  | &nbsp;&nbsp; 59  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4322  |
| &nbsp;&nbsp;&nbsp; Vistra Corp.  | &nbsp;&nbsp; 21  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4114  |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc.  | &nbsp;&nbsp; 63  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3854  |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc.  | &nbsp;&nbsp; 42  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3387  |
| &nbsp;&nbsp;&nbsp; Exelon Corp.  | &nbsp;&nbsp; 75  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3376  |
| &nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc.  | &nbsp;&nbsp; 37  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3088  |
| &nbsp;&nbsp;&nbsp; Consolidated Edison, Inc.  | &nbsp;&nbsp; 30  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3016  |
| &nbsp;&nbsp;&nbsp; Entergy Corp.  | &nbsp;&nbsp; 32  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2982  |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc.  | &nbsp;&nbsp; 16  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2591  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Atmos Energy Corp.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; $2561  |
| &nbsp;&nbsp;&nbsp; Edison International  | &nbsp;&nbsp; 46  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2543  |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2292  |
| &nbsp;&nbsp;&nbsp; Ameren Corp.  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1983  |
| &nbsp;&nbsp;&nbsp; American Water Works Company, Inc.  | &nbsp;&nbsp; 12  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1670  |
| &nbsp;&nbsp;&nbsp; DTE Energy Co.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1556  |
| &nbsp;&nbsp;&nbsp; Eversource Energy  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423  |
| &nbsp;&nbsp;&nbsp; PG&E Corp.  | &nbsp;&nbsp; 87  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1312  |
| &nbsp;&nbsp;&nbsp; PPL Corp.  | &nbsp;&nbsp; 13  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 483  |
| &nbsp;&nbsp;&nbsp; FirstEnergy Corp.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458  |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc.  | &nbsp;&nbsp; 10  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388  |
| &nbsp;&nbsp; **Total Utilities**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95219  |
| &nbsp;&nbsp; **Basic Materials - 0.6%**  | &nbsp;&nbsp; **Basic Materials - 0.6%**  | &nbsp;&nbsp; **Basic Materials - 0.6%**  |
| &nbsp;&nbsp;&nbsp; Linde plc  | &nbsp;&nbsp; 35  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16625  |
| &nbsp;&nbsp;&nbsp; Newmont Corp.  | &nbsp;&nbsp; 81  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6829  |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co.  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6233  |
| &nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc.  | &nbsp;&nbsp; 19  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5182  |
| &nbsp;&nbsp;&nbsp; Ecolab, Inc.  | &nbsp;&nbsp; 18  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4929  |
| &nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc.  | &nbsp;&nbsp; 118  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4628  |
| &nbsp;&nbsp;&nbsp; Nucor Corp.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2708  |
| &nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc.  | &nbsp;&nbsp; 31  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2415  |
| &nbsp;&nbsp;&nbsp; International Paper Co.  | &nbsp;&nbsp; 35  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1624  |
| &nbsp;&nbsp;&nbsp; Steel Dynamics, Inc.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1534  |
| &nbsp;&nbsp;&nbsp; PPG Industries, Inc.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1471  |
| &nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc.  | &nbsp;&nbsp; 15  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1345  |
| &nbsp;&nbsp;&nbsp; Dow, Inc.  | &nbsp;&nbsp; 39  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894  |
| &nbsp;&nbsp;&nbsp; Albemarle Corp.  | &nbsp;&nbsp; 11  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 892  |
| &nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc.  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862  |
| &nbsp;&nbsp;&nbsp; Mosaic Co.  | &nbsp;&nbsp; 20  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694  |
| &nbsp;&nbsp;&nbsp; LyondellBasell Industries N.V. — Class A  | &nbsp;&nbsp; 14  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 687  |
| &nbsp;&nbsp;&nbsp; Eastman Chemical Co.  | &nbsp;&nbsp; 7  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441  |
| &nbsp;&nbsp; **Total Basic Materials**  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59993  |
| &nbsp;&nbsp; **Total Common Stocks**  | &nbsp;&nbsp; **Total Common Stocks**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $3,468,332)  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4306805  |
| &nbsp;&nbsp; **CLOSED-END FUNDS\*\* - 34.6%**  | &nbsp;&nbsp; **CLOSED-END FUNDS\*\* - 34.6%**  | &nbsp;&nbsp; **CLOSED-END FUNDS\*\* - 34.6%**  |
| &nbsp;&nbsp;&nbsp; Carlyle Alpinvest Private Markets Fund — Class I  | &nbsp;&nbsp; 69755  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081197  |
| &nbsp;&nbsp;&nbsp; Hamilton Lane Private Assets Fund  | &nbsp;&nbsp; 46700  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881728  |
| &nbsp;&nbsp;&nbsp; Opportunistic Credit Interval Fund — Class I  | &nbsp;&nbsp; 50001  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581509  |
| &nbsp;&nbsp;&nbsp; Hamilton Lane Private Infrastructure Fund — Class I<sup>\*</sup>  | &nbsp;&nbsp; 29335  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433808  |
| &nbsp;&nbsp;&nbsp; Variant Alternative Income Fund  | &nbsp;&nbsp; 16161  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427303  |
| &nbsp;&nbsp; **Total Closed-End Funds**  | &nbsp;&nbsp; **Total Closed-End Funds**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $3,094,707)  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3405545  |
| &nbsp;&nbsp; **BUSINESS DEVELOPMENT COMPANIES\*\* - 4.0%**  | &nbsp;&nbsp; **BUSINESS DEVELOPMENT COMPANIES\*\* - 4.0%**  | &nbsp;&nbsp; **BUSINESS DEVELOPMENT COMPANIES\*\* - 4.0%**  |
| &nbsp;&nbsp; Golub Capital Private Credit Fund  | &nbsp;&nbsp; 15793  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397345  |
| &nbsp;&nbsp; **Total Business Development Companies**  | &nbsp;&nbsp; **Total Business Development Companies**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $397,047)  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397345  |
| &nbsp;&nbsp; **PRIVATE REAL ESTATE INVESTMENT TRUSTS\*\* - 5.1%**  | &nbsp;&nbsp; **PRIVATE REAL ESTATE INVESTMENT TRUSTS\*\* - 5.1%**  | &nbsp;&nbsp; **PRIVATE REAL ESTATE INVESTMENT TRUSTS\*\* - 5.1%**  |
| &nbsp;&nbsp; Blue Owl Real Estate Net Lease Trust  | &nbsp;&nbsp; 47406  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495730  |
| &nbsp;&nbsp; **Total Private Real Estate Investment Trusts**  | &nbsp;&nbsp; **Total Private Real Estate Investment Trusts**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $482,373)  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495730  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **MONEY MARKET FUND - 8.5%\*\***  | &nbsp;&nbsp; **MONEY MARKET FUND - 8.5%\*\***  | &nbsp;&nbsp; **MONEY MARKET FUND - 8.5%\*\***  |
| &nbsp;&nbsp; Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 3.98%<sup>1</sup>  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834347  | &nbsp;&nbsp; $834347  |
| &nbsp;&nbsp; **Total Money Market Fund**  | &nbsp;&nbsp; **Total Money Market Fund**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $834,347)  |  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;834347  |
| &nbsp;&nbsp; **Total Investments - 96.0%**  | &nbsp;&nbsp; **Total Investments - 96.0%**  |  |
| &nbsp;&nbsp;&nbsp; (Cost $8,276,806)  | &nbsp;&nbsp;&nbsp; (Cost $8,276,806)  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9439772  |
| &nbsp;&nbsp; **Other Assets & Liabilities, net - 4.0%**  | &nbsp;&nbsp; **Other Assets & Liabilities, net - 4.0%**  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395920  |
| &nbsp;&nbsp; **Total Net Assets - 100.0%**  | &nbsp;&nbsp; **Total Net Assets - 100.0%**  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9835692  |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *\*\** | *A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.* |
| *†* | *Please see Note 2 in the Notes to Financial Statements for further details regarding the valuation policy of the Fund.* |
| *1* | *Rate indicated is the 7-day yield as of September 30, 2025.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

See accompanying Notes to Financial Statements

------

#### Statement of Assets and Liabilities (Unaudited)

---

| | |
|:---|:---|
|  | **As of September 30, 2025** |
| **ASSETS:** |  |
| Investments, at value (cost $8,276,806) | $9439772 |
| Contributions made in advance | 400000 |
| Receivables: |  |
| &nbsp;&nbsp;Dividends | 1680 |
| &nbsp;&nbsp;Fund shares sold | 103 |
| **Total assets** | 9841555 |
| **LIABILITIES:** |  |
| Due to custodian | $11 |
| Payable for: |  |
| &nbsp;&nbsp;Investment advisory fees | 5852 |
| **Total liabilities** | 5863 |
| **NET ASSETS** | $9835692 |
| **NET ASSETS CONSIST OF:** |  |
| Additional paid-in capital | $8571549 |
| Total distributable earnings (loss) | 1264143 |
| **NET ASSETS** | $9835692 |
| **Founder Class:** |  |
| Net assets | $9792638 |
| Shares of beneficial interest outstanding (unlimited amount authorized) | 812491.810 |
| Net asset value per share | $12.0506 |
| **Investor Class:** |  |
| Net assets | $43054 |
| Shares of beneficial interest outstanding (unlimited amount authorized) | 3575.726 |
| Net asset value per share | $12.0405 |

---

See accompanying Notes to Financial Statements

------

#### Statement of Operations (Unaudited)

---

| | |
|:---|:---|
|  | **Six Months Ended September 30, 2025** |
| **INVESTMENT INCOME:** |  |
| Dividends | $132983 |
| Interest | 21485 |
| &nbsp;&nbsp;Total investment income | 154468 |
| **EXPENSES:** |  |
| Investment advisory fees | 32821 |
| Servicing fees | 40 |
| &nbsp;&nbsp;Total expenses | 32861 |
| Net investment income | 121607 |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| &nbsp;&nbsp;Investments | (9833) |
| Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;Investments | 848930 |
| Net realized and unrealized gain | 839097 |
| **Net increase in net assets resulting from operations** | $960704 |

---

See accompanying Notes to Financial Statements

------

#### Statements of Changes in Net Assets

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended September 30, 2025 (Unaudited)** | **Year ended March 31, 2025** |
| **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS:** |  |  |
| Net investment income | $121607 | $120034 |
| Net realized gain on investments | (9833) | (28802) |
| Net change in unrealized appreciation (depreciation) on investments | 848930 | 279536 |
| Net increase in net assets resulting from operations | 960704 | 370768 |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
| &nbsp;&nbsp;Founder Class | &nbsp;&nbsp;&nbsp;&nbsp;— | (102691) |
| &nbsp;&nbsp;Investor Class | &nbsp;&nbsp;&nbsp;&nbsp;— | (16) |
| Total distributions to shareholders | &nbsp;&nbsp;&nbsp;&nbsp;— | (102707) |
| **SHAREHOLDER TRANSACTIONS:** |  |  |
| Proceeds from issuance of shares |  |  |
| &nbsp;&nbsp;Founder Class | 995029 | 4367489 |
| &nbsp;&nbsp;Investor Class | 28676 | 21115 |
| Redemption fees collected |  |  |
| &nbsp;&nbsp;Founder Class | 210 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Investor Class | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Distributions reinvested |  |  |
| &nbsp;&nbsp;Founder Class | &nbsp;&nbsp;&nbsp;&nbsp;— | 102691 |
| &nbsp;&nbsp;Investor Class | &nbsp;&nbsp;&nbsp;&nbsp;— | 16 |
| Cost of shares redeemed |  |  |
| &nbsp;&nbsp;Founder Class | (15562) | (1103) |
| &nbsp;&nbsp;Investor Class | (1039) | (9538) |
| Net increase from shareholder transactions | 1007314 | 4480670 |
| Net increase in net assets | 1968018 | 4748731 |
| **NET ASSETS:** |  |  |
| &nbsp;&nbsp;Beginning of period | 7867674 | 3118943 |
| &nbsp;&nbsp;End of period | $9835692 | $7867674 |

---

See accompanying Notes to Financial Statements

------

#### Financial Highlights

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Founder Class**<br>**Per Share Data:** | **Six Months Ended September 30, 2025 (Unaudited)** | | **Year Ended March 31, 2025** | **Period Ended March 31, 2024<sup>a</sup>** |
| Net asset value, beginning of period | $10.82 |  | $10.21 | $10.00 |
| Income from investment operations: |  |  |  |  |
| Net investment income<sup>b</sup> | 0.16 |  | 0.23 | — <sup>c</sup> |
| Net gain (loss) on investments (realized and unrealized) | 1.07 |  | 0.55 | 0.21 |
| Total from investment operations | 1.23 |  | 0.78 | 0.21 |
| Less distributions from: |  |  |  |  |
| Net investment income |  |  | (0.17) |  |
| Capital gains |  |  | — <sup>c</sup> |  |
| Total distributions to shareholders |  |  | (0.17) |  |
| Redemption fees collected |  | <sup>d</sup> |  |  |
| Net asset value, end of period | $12.05 |  | $10.82 | $10.21 |
| **Total Return<sup>e</sup>** |  |  |  |  |
| Net asset value | 11.82 | % | 7.67% | 2.10% |
| **Ratios/Supplemental Data:** |  |  |  |  |
| Net assets, end of period (in thousands) | $9793 |  | $7856 | $3119 |
| Ratio to average net assets of: |  |  |  |  |
| Net investment income | 2.77 | %<sup>f</sup> | 2.12% | 0.04% |
| Total expenses | 0.75 | %<sup>f,g</sup> | 0.75% | 0.75% |
| Portfolio turnover rate |  | <sup>j</sup> | 5% | 2% |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investor Class** | Six Months Ended September 30, 2025 (Unaudited) |  | Period Ended March 31, 2025<sup>h</sup> |
| **Per Share Data:** |  |  |  |
| Net asset value, beginning of period | $10.80 |  | $10.99 |
| Income from investment operations: |  |  |  |
| Net investment income<sup>b</sup> | 0.13 |  | 0.03 |
| Net gain (loss) on investments (realized and unrealized) | 1.11 |  | (0.05) <sup>i</sup> |
| Total from investment operations | 1.24 |  | (0.02) |
| Less distributions from: |  |  |  |
| Net investment income |  |  | (0.17) |
| Capital gains |  |  | — <sup>c</sup> |
| Total distributions to shareholders |  |  | (0.17) |
| Redemption fees collected |  |  |  |
| Net asset value, end of period | $12.04 |  | $10.80 |
| **Total Return<sup>e</sup>** |  |  |  |
| Net asset value | 11.45 | % | (0.16)% |
| **Ratios/Supplemental Data:** |  |  |  |
| Net assets, end of period (in thousands) | $43 |  | $12 |
| Ratio to average net assets of: |  |  |  |
| Net investment income | 2.33 | %<sup>f</sup> | 1.00% |
| Total expenses | 1.00 | %<sup>f,g</sup> | 1.00% |
| Portfolio turnover rate |  | <sup>j</sup> | 5% |

---

(a) Since commencement
 of operations: March 5, 2024. Percentage amounts for the period, except total
 return and portfolio turnover rate, have been annualized.

(b) Based on average
 shares outstanding.

(c) Less than $0.01 per
 share.

(d) Redemption fees
 collected are less than $0.01 per share

(e) Total investment
 return is calculated assuming an initial investment made at the net asset
 value at the beginning of the period, reinvestment of all dividends and
 distribution at net asset value during
 the period, and redemption on the last day of the period. Transaction fees
 are not reflected in the calculation of total investment return.

(f) Annualized.

(g) Does not include
 expenses of the underlying funds in which the Fund invests.

(h) Since commencement
 of operations: December 18, 2024. Percentage amounts for the period, except
 total return and portfolio turnover rate, have been annualized.

(i) The amount of net
 realized and unrealized gain (loss) on investment per share for the year
 ended March 31, 2025 does not accord with the amount in the Statement of
 Operations due to the timing of
 purchases and sales of Fund shares in relation to fluctuating market values.

(j) Less than 1%.

See accompanying Notes to Financial Statements

------

**Notes to Financial Statements (Unaudited)** 

**Note 1 — Organization and Registration**

Institutional Investment Strategy Fund (the "Fund"), a Delaware statutory trust, is a non-diversified, closed-end management investment company, registered under the Investment Company Act of 1940, as amended (the "1940 Act"), that continuously offers its shares of beneficial interest and is operated as an "interval fund." The Fund was organized as a Delaware statutory trust on January 3, 2023, and commenced investment operations on March 5, 2024.

The Fund engages in a continuous offering of two classes of shares of beneficial interest of the Fund: Investor Class and Founder Class (previously referred to as Class I). The Fund's Investor Class commenced operations on December 18, 2024. All shares of the Fund have equal rights and privileges. Each share of the Fund is entitled to one vote on all matters as to which shares are entitled to vote. In addition, each share of the Fund is entitled to participate, equally with other shares (i) in dividends and distributions declared by the Fund and (ii) upon liquidation, in the distribution of its proportionate share of the assets remaining after satisfaction of outstanding liabilities. Shares of the Fund are fully paid, non-assessable and fully transferable when issued and have no pre-emptive, conversion or exchange rights. Fractional shares have proportionately the same rights, including voting rights, as are provided for a full share.

**Note 2 — Significant Accounting Policies**

The Fund's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

The Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board ("FASB"), Accounting Standards Codification ("ASC") Topic 946, Financial Services - Investment Companies, including Accounting Standards Update ("ASU") 2013-08.

**(a) Valuation of Investments** 

Pursuant to Rule 2a-5 under the 1940 Act (the "Valuation Rule"), the Fund's Board of Trustees (the "Board") has designated the Adviser, as defined in Note 3, as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the oversight of the Board and certain reporting and other requirements intended to provide the Board the information needed to oversee the Adviser's fair value determinations. The Adviser is responsible for determining the fair value of investments for which market quotations are not readily available in accordance with policies and procedures that have been approved by the Board. Under these procedures, the Adviser convenes on a regular and ad hoc basis to review such investments and considers a number of factors, including valuation methodologies and significant unobservable inputs, when arriving at fair value. The Board has approved the Adviser's fair valuation procedures as a part of the Fund's compliance program and will review any changes made to the procedures. The Adviser provides fair valuation inputs. In determining fair valuations, inputs may include market-based analytics that may consider related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant investment information. Adviser inputs may include an income-based approach in which the anticipated future cash flows of the investment are discounted in determining fair value. Discounts may also be applied based on the nature or duration of any restrictions on the disposition of the investments. The Adviser performs regular reviews of valuation methodologies, key inputs and assumptions, disposition analysis and market activity.

Valuations of the Fund's securities and other assets are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Rule. At least annually, the Adviser directs (or assists) the Fund's Principal Financial Officer to assess the material risks associated with the determination of the fair value of the Fund's investments, including a review of any material conflicts of interest and an assessment by the Adviser's management of such material risks. The Adviser reviews and approves a final risk assessment annually.

Equity securities listed or traded on a recognized U.S. securities exchange or the National Association of Securities Dealers Automated Quotations ("NASDAQ") National Market System shall generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price.

Money market funds, closed-end investment companies, and business development companies ("BDCs") are valued at the most recently published NAV per share of the underlying fund.

Debt securities with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Short-term debt securities with a maturity of 60 days or less at acquisition are valued at amortized cost, provided such amount approximates market value.

Securities representing an interest in another pooled investment vehicle (each, an "Underlying Private Fund") will initially be assessed at the value provided by that Underlying Private Fund or its manager (each, an "Underlying Manager"). To arrive at the fair value of investments in Underlying Private Funds, the Adviser receives monthly or quarterly capital account statements from the Underlying Private Funds. Upon receipt of these statements, the Adviser determines whether the account statements are based on the fair value of underlying investments. In making such determination, the Adviser reviews and evaluates the valuation policies and procedures of the entity providing the statement. If necessary, the Adviser adjusts the account statements for underlying investments not held at fair value or to bring the fair value estimate in phase with the Adviser reporting date.

If market quotations are not readily available, securities are valued at fair value as set forth below. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security. There is no single standard for determining fair value of a security. In determining the fair value of a security for which there are no readily available market quotations, the Adviser may consider several factors, including: (1) evaluation of all relevant factors, including but not limited to, pricing history, current market level, supply and demand of the respective security; (2) comparison to the values and current pricing of securities that have comparable characteristics; (3) knowledge of historical market information with respect to the security; (4) other factors relevant to the security. The Adviser may also consider periodic financial statements (audited and unaudited) or other information provided by the issuer.

**(b) Use of Estimates**

The preparation of the financial statement in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures, including contingent assets and liabilities, in the financial statement during the period reported. Management believes the estimates are appropriate; however, actual results may differ from those estimates.

**(c) Cash Equivalents and Short-Term Debt Securities**

For temporary defensive purposes, the Fund may invest up to 100% of its assets in cash equivalents and short-term debt securities. Short-term debt investments having a remaining maturity of 60 days or less when purchased will be valued at cost, adjusted for amortization of premiums and accretion of discounts.

**(d) Mortgage-Backed Securities**

The Fund may invest in a variety of mortgage-related and other asset-backed securities issued by government agencies or other governmental entities or by private originators or issuers.

Mortgage-related securities include mortgage pass-through securities, collateralized mortgage obligations ("CMO"), commercial mortgage-backed securities ("CMBS"), mortgage dollar rolls, CMO residuals, adjustable rate mortgage-backed securities ("ARMBS"), stripped mortgage-backed securities ("SMBS") and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property.

**(e) When-Issued and Forward Commitment Securities**

The Fund may purchase securities on a "when-issued" basis and may purchase or sell securities on a "forward commitment" basis in order to acquire the security or to hedge against anticipated changes in interest rates and prices. When such transactions are negotiated, the price, which is generally expressed in

yield terms, is fixed at the time the commitment is made, but delivery and payment for the securities take place at a later date.

**(f) Business Development Companies**

The Fund may invest in different types of investment companies from time to time, including business development companies. A BDC is a less common type of an investment company that more closely resembles an operating company than a typical investment company. BDCs generally focus on investing in, and providing managerial assistance to, small, developing, financially troubled, private companies or other companies that may have value that can be realized over time and with managerial assistance.

**(g) Foreign Taxation**

Income received by the Fund from sources within foreign countries may be subject to withholding and other taxes imposed by such countries. Tax treaties and conventions between certain countries and the U.S. may reduce or eliminate such taxes. If more than 50% of the value of the Fund's total assets at the close of its taxable year consists of securities of foreign corporations, the Fund may be able to elect to "pass through" to the Fund's shareholders the amount of eligible foreign income and similar taxes paid by the Fund. It is not generally expected that the Fund will be eligible to make this election.

**(h) Security Transactions and Investment Income and Realized Gain and Loss**

Investment security transactions are recorded as of the trade date for financial reporting purposes. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled beyond a standard settlement period for the security after the trade date. Realized gains (losses) from securities sold are recorded on the identified cost basis. Dividend income is recorded on the ex-dividend date, except certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Interest income, adjusted for the accretion of discounts and amortization of premiums, is recorded on the accrual basis from settlement date, with the exception of securities with a forward starting effective date, where interest income is recorded on the accrual basis from effective date. For convertible securities, premiums attributable to the conversion feature are not amortized. Estimated tax liabilities on certain foreign securities are recorded on an accrual basis and are reflected as components of interest income or net change in unrealized appreciation (depreciation) on investments on the Statement of Operations, as appropriate. Tax liabilities realized as a result of such security sales are reflected as a component of net realized gain (loss) on investments on the Statement of Operations. Paydown gains (losses) on mortgage-related and other asset-backed securities, if any, are recorded as components of interest income on the Statement of Operations. Income or short-term capital gain distributions received from registered investment companies, if any, are recorded as dividend income. Long-term capital gain distributions received from registered investment companies, if any, are recorded as realized gains.

Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivable when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is probable. A debt obligation may be granted, in certain situations, a contractual or non-contractual forbearance for interest payments that are expected to be paid after agreed upon pay dates.

**(i) Distributions to Shareholders**

The Fund intends to distribute all of its net investment income, any excess of net short-term capital gains over net long-term capital losses, and any excess of net long-term capital gains over net short-term capital losses in accordance with the timing requirements imposed by the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code") and therefore should not be required to pay any federal income or excise taxes. Distributions of net investment income will be made annually and net capital gain will be made after the end of each fiscal year, and no later than December 31 of each year. Both types of

distributions will be in shares of the Fund unless a shareholder elects to receive cash.

**(j) Indemnification**

The Fund indemnifies its officers and Board for certain liabilities that may arise from the performance of their duties to the Fund. Additionally, in the normal course of business, the Fund enters into contracts that contain a variety of representations and warranties which provide general indemnities. The Fund's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Fund that have not yet occurred. However, the Fund expects the risk of loss due to these warranties and indemnities to be remote.

**(k) Commitments and Contingencies**

In the normal course of business, the Fund enters into contracts that provide general indemnifications by the Fund to the counterparty to the contract. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote. The Fund has determined that none of these arrangements requires disclosure on the Fund's statement of assets and liabilities.

**(l) Contributions Made in Advance**

Contributions made in advance represent amounts paid to closed end funds and BDCs for an investment in their respective companies with an effective date after September 30, 2025.

**Note 3 — Investment Advisory Fees**

Pursuant to an Investment Advisory Agreement between the Fund and the Buena Capital Advisors, LLC (the "Adviser"), the Adviser, among other things, manages the investment and reinvestment of the Fund's assets; executes and delivers all documents relating to the investments of the Fund and the placing of orders for purchases and sales of portfolio investments; and reviews, supervises, and administers the Fund's investments consistent with the Fund's objectives and strategies. In consideration of the advisory services provided by the Adviser to the Fund, the Adviser is entitled to a base management fee. The base management fee (the "Advisory Fee") is calculated daily and payable monthly in arrears at the annual rate of 0.75% of the Fund's average daily net assets during such period. For the fiscal period ended September 30, 2025, the Adviser earned $32,821.

The Adviser agrees to pay all expenses incurred by the Fund except for the Advisory Fee, interest, taxes, brokerage commissions and other expenses incurred in placing or settlement of orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, shareholder servicing fees, and distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act.

The Adviser shall be responsible for all reasonable costs and expenses associated with any special meetings of the Fund or shareholders convened for the primary benefit of the Adviser (the legal fees associated with preparing a proxy statement and associated mailing and solicitations costs).

Pursuant to a Sub-Advisory Agreement between the Adviser and Rhumbline Advisers, LP (the "Sub-Adviser"), the Sub-Adviser under the supervision of the Fund's Board and the Adviser, provides a continuous investment program for a designated portion of the Fund's portfolio; provides investment research; makes and executes recommendations for the purchase and sale of securities; and provides certain facilities and personnel. As compensation for its services, the Adviser pays the Sub-Adviser a fee, in an annual amount equal to 0.04% of the Fund's average daily net assets during such period, with a minimum of $15,000 annually. The Sub-Adviser's fee is paid from the Advisory Fee and not by the Fund.

**Note 4 — Agreements**

**Fund Administrator, Fund Accountant and Transfer Agent and Expenses**

MUFG Investor Services (US), LLC ("MUIS") serves as Fund Administrator, Fund Accountant and Transfer Agent for the Fund pursuant to a Services Agreement with the Fund.

In its role as Fund Administrator and the Fund Accountant, MUIS is responsible for maintaining the books and records of the Fund's securities. As Transfer Agent, MUIS responsible for maintaining all shareholder records of the Fund. For providing these services, MUIS is entitled to receive a monthly fee and out of pocket expenses. The amounts owed to MUIS under the Services Agreement are paid from the Advisory Fee.

**Custody Fees and Expenses**

Fifth Third Bank ("FTB") serves as the custodian for the securities and cash of the Fund's portfolio pursuant to a custody agreement with the Fund. FTB holds the Fund's assets in safekeeping and maintains all necessary records and documents relating to its duties and receives customary fees, paid by the Adviser, for such services

**Investor Class Shares**

Investor Class shares are sold at the prevailing NAV per shares and are not subject to any upfront sales charge. Investor Class shares are not subject to a distribution fee, but are subject to a 0.25% shareholder servicing fee and a 2.00% redemption fee on shares held less than 12 months. Investor Class shares require a minimum investment of $1,000. The Fund or the Adviser may waive the minimum investment at either's discretion.

The Fund has adopted a "Shareholder Services Plan" with respect to its Investor Class shares under which the Fund pays a fee for ongoing shareholder services for the Investor Class. Such services may include electronic processing of client orders, electronic fund transfers between clients and the Fund, account reconciliations with the Fund's transfer agent, facilitation of electronic delivery to clients of Fund documentation, monitoring client accounts for back-up withholding and any other special tax reporting obligations, maintenance of books and records with respect to the foregoing, and such other information and liaison services that may be reasonably requested.

**Note 5 — Fair Value Measurement** 

The Fund follows ASC Topic 820, Fair Value Measurements and Disclosures, ("ASC 820") for measuring the fair value of portfolio investments. Fair value is defined as the price that the Fund would receive upon selling an investment or pay to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment. This accounting guidance emphasizes that valuation techniques maximize the use of observable market inputs and minimize the use of unobservable inputs. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the investment as of the measurement date. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The three levels are defined as follows:

Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities at the measurement date that the Fund has the ability to access.

Level 2 — Valuations based on inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable at the measurement date. This category includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets including actionable bids from third parties for privately held assets or liabilities, and observable inputs other than quoted prices such as yield curves and forward currency rates that are entered directly into valuation models to determine the value of derivatives or other assets or liabilities.

Level 3 — Valuations based on inputs that are unobservable and where there is little, if any, market activity at the measurement date. The inputs for the determination of fair value may require significant management judgment or estimation and are based upon management's assessment of the assumptions that market participants would use in pricing the assets or liabilities. These investments include debt and equity investments in private companies or assets valued using the market or income approach and may involve pricing models whose inputs require significant judgment or estimation because of the absence of any meaningful current market data for identical or similar investments. The inputs in these valuations may include, but are not limited to, capitalization and discount rates, beta and EBITDA multiples. The information may also include pricing information or broker quotes, which include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by disclaimer would result in classification as Level 3 information, assuming no additional corroborating evidence.

Routine fair valuations are intended to reflect fair valuations that are determined from the application of a consistent methodology in specific situations with observable inputs. Non-routine fair valuations include all other fair value situations. In a non-routine fair value situation, the Adviser will e-mail the Fund Administrator and other applicable Fund Officers the value to be used along with all relevant information that was used in determining such fair valuation.

A meaningful input in the Fund's Valuation Procedures will be the valuations provided by the private fund managers. Specifically, the value of the Fund's investment in private funds generally will be valued using the "practical expedient," in accordance with ASC Topic 820, based on the valuation provided to the Adviser by the private fund in accordance with the private fund's own valuation policies. Generally, private fund managers value investments of their private funds at their market price if market quotations are readily available. In the absence of observable market prices, private fund managers value investments using valuation methodologies applied on a consistent basis. For some investments little market activity may exist. The determination of fair value by private fund managers is then based on the best information available in the circumstances and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors, including the appropriate risk adjustments for nonperformance and liquidity risks. Investments for which market prices are not observable include private investments in the equity of operating companies, real estate properties or certain debt positions.

The Adviser will review the appropriateness and accuracy of the aforementioned valuation methodologies at least annually and make any necessary adjustments and amendments to this policy.

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability of the techniques and sources employed to determine fair valuation are regularly monitored and subject to change.

The following table summarizes the inputs used to value the Fund's investments at September 30, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted Prices** | **Level 2 Significant Observable Inputs** |  | **Investments Valued at NAV** | **Total** |
| Common Stocks | $4306805 | $— | $– $|  | $4306805 |
| Closed-End Funds | 2523817 | 881728 | – |  | 3405545 |
| Business Development Companies<sup>a</sup> |  |  | – | 397345 | 397345 |
| Private Real Estate Investment Trusts |  | 495730 | – |  | 495730 |
| Money Market Fund | 834347 |  | – |  | 834347 |
| Total Assets | $7664969 | 1377458 | $– $| 397345 | $9439772 |

---

(a) In accordance with ASC 820-10, investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments and Statement of Assets and Liabilities.

**Note 6 — Federal Income Tax Information**

The Fund intends to comply with the provisions of Subchapter M of the Internal Revenue Code, applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Fund from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Fund's tax returns are evaluated to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the "more-likely-than-not" threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Fund's tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Fund's financial statements. The Fund's U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

At September 30, 2025, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over

value, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Tax Cost** | &nbsp;&nbsp; **Tax Unrealized Appreciation** | &nbsp;&nbsp; **Tax Unrealized Depreciation** | &nbsp;&nbsp; **Net Tax Unrealized Appreciation (Depreciation)** |
| &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 8277367 | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287884 | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; (125479) | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1162405 |

---

**Note 7 — Securities Transactions**

For the period ended September 30, 2025, the cost of purchases and proceeds from sales of investment securities, excluding short-term investments, were as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp; **Purchases** | &nbsp;&nbsp; **Sales** |
| &nbsp;&nbsp; $1303127  | &nbsp;&nbsp; $29794  |

---

There were no purchases or sales of U.S. Government securities during the period ended September 30, 2025.

**Note 8 — Capital Shares of Beneficial Interest**

The Fund has an unlimited amount of shares of beneficial interest, no par value, authorized and 816,075 shares issued and outstanding. Transactions in shares of beneficial interest were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Period Ended**  | &nbsp;&nbsp; **Period Ended**  | &nbsp;&nbsp; **Year Ended**  | &nbsp;&nbsp; **Year Ended**  |
|  | &nbsp;&nbsp; **September 30, 2025** | &nbsp;&nbsp; **September 30, 2025** | &nbsp;&nbsp; **March 31, 2025** | &nbsp;&nbsp; **March 31, 2025** |
|  | &nbsp;&nbsp; **Founder** | &nbsp;&nbsp; **Investor** | &nbsp;&nbsp; **Founder** | &nbsp;&nbsp; **Investor** |
| &nbsp;&nbsp; Beginning shares | &nbsp;&nbsp; 726186 | &nbsp;&nbsp; 1065 | &nbsp;&nbsp; 305359 | &nbsp;&nbsp; — |
| &nbsp;&nbsp; Shares issued  | &nbsp;&nbsp; 87645 | &nbsp;&nbsp; 2601 | &nbsp;&nbsp; 411538 | &nbsp;&nbsp; 1935 |
| &nbsp;&nbsp; Shares reinvested | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9395 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp; Shares redeemed | &nbsp;&nbsp; (1332) | &nbsp;&nbsp;(90) | &nbsp;&nbsp;(106) | &nbsp;&nbsp; (871) |
| &nbsp;&nbsp; Ending shares | &nbsp;&nbsp; 812499 | &nbsp;&nbsp; 3576 | &nbsp;&nbsp; 726186 | &nbsp;&nbsp; 1065 |

---

**Note 9 — Repurchase Offers**

In order to provide liquidity to shareholders, the Fund has adopted a fundamental policy that it will make quarterly repurchase offers for no less than 5% of the Fund's shares outstanding at NAV less any repurchase fee, unless suspended or postponed in accordance with regulatory requirements, and each repurchase pricing shall occur no later than the 14th day after the Repurchase Request Deadline (between 21 to 42 days following the date the repurchase offer is made (or the preceding business day if the New York Stock Exchange is closed on that day), as specified by the Fund) or the next business day if the 14th day is not

a business day.

During the six months ended September 30, 2025, the Fund completed one quarterly repurchase offer. The Fund offered to repurchase up to 5% of the number of its outstanding shares as of the Repurchase Pricing Dates. The results of the repurchase offers were as follows:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp; **Founders Class Repurchase Offer**  |
| &nbsp;&nbsp; Commencement Date  | &nbsp;&nbsp; 6/27/2025  |
| &nbsp;&nbsp; Repurchase Request Deadline  | &nbsp;&nbsp; 7/28/2025  |
| &nbsp;&nbsp; Repurchase Pricing Date  | &nbsp;&nbsp; 7/28/2025  |
| &nbsp;&nbsp; Net Asset Value As of Repurchase Offer Date:  | &nbsp;&nbsp; $11.68  |
| &nbsp;&nbsp; Amount Repurchased:  | &nbsp;&nbsp; $15338  |
| &nbsp;&nbsp; Total Number of Shares Tendered:  | &nbsp;&nbsp; 1313  |
| &nbsp;&nbsp; Percentage of Shares Tendered that were Repurchased:  | &nbsp;&nbsp; 0.17%  |

---

There were no repurchases during the year of Investor Class shares. The redemptions shown on the Statements of Changes in Net Assets are exchanges between the Investor and Founder Classes.

Quarterly repurchases by the Fund of its shares typically will be funded from borrowing proceeds, available cash or sales of portfolio securities. However, payment for repurchased shares may require the Fund to liquidate portfolio holdings earlier than the Adviser otherwise would liquidate such holdings, potentially resulting in losses, and may increase the Fund's portfolio turnover. The Adviser may take measures to attempt to avoid or minimize such potential losses and turnover, and instead of liquidating portfolio holdings, may borrow money to finance repurchases of shares. If the Fund borrows to finance repurchases, interest on any such borrowing will negatively affect shareholders who do not tender their shares in a repurchase offer by increasing the Fund's expenses and reducing any net investment income. To the extent the Fund finances repurchase proceeds by selling investments, the Fund may hold a larger proportion of its gross assets in less liquid securities. Also, the sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund's NAV.

Repurchases of shares will tend to reduce the amount of outstanding shares and, depending upon the Fund's investment performance, its net assets. A reduction in the Fund's net assets may increase the Fund's expense ratio to the extent that additional shares are not sold. In addition, the repurchase of shares by the Fund may be a taxable event to shareholders.

**Note 10 –– Control and Ownership**

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a Fund creates a presumption of control of the Fund, under section 2(a)(9) of the Investment Company Act of 1940, as amended. As of September 30, 2025, no shareholder held more than 25% of the outstanding shares in the Fund.

**Note 11 — Operating Segments**

The Fund has adopted the FASB ASU 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures. The update is limited to disclosure requirements and does not impact the Fund's financial position or results of operations.

The Fund operates as a single operating segment, which is an investment portfolio. The Fund's Portfolio Manager serves as the Chief Operating Decision Maker (CODM), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively.

Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements.

For information regarding segment assets, segment profit or loss, and significant expenses, refer to the Statement of Assets and Liabilities and the Statement of Operations, along with the related Notes to the financial statements. The Fund's portfolio holdings provide details of the Fund's investments that generate returns such as interest, dividends and realized and unrealized gains or losses. Performance metrics, including portfolio turnover and expense ratios, are disclosed in the Financial Highlights.

**Note 12 — Subsequent Events**

The Adviser has evaluated subsequent events through the date of issuance of the financial statement included herein. There have been no subsequent events that occurred during such period that would require disclosure or would be required to be recognized in the financial statement.

**Other Information (Unaudited)**

**Federal Income Tax Information**

This information is being provided as required by the Internal Revenue Code.

In January 2026, shareholders will be advised on IRS Form 1099 DIV or substitute 1099 DIV as to the federal tax status of the distributions received by shareholders in the calendar year 2025.

**Sector Classification**

Information in the Schedule of Investments is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Fund's registration statement, the Fund has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Fund generally classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System.

**Proxy Voting**

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities owned by the Fund and information regarding how the Fund voted proxies relating to the portfolio of securities for the most recent 12- month period ending June 30th are available to shareholders without charge, upon request by calling the Advisor toll free at (800) 535-7096 or on the SEC's web site at www.sec.gov.

**Portfolio Holdings**

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to Form N-PORT. Form N-PORT are available on the SEC's website at http://www.sec.gov. The information on Form N-PORT is also available upon request by calling 1-800-535-7096.

------

#### Item 2. Code of Ethics.
Not applicable.

#### Item 3. Audit Committee Financial Expert
The Audit Committee has designated Brian O'Neil as its financial expert as defined by the Sarbanes Oxley Act of 2002. Mr. O'Neil is independent because (i) he does not accept directly or indirectly any consulting, advisory, or other compensatory fee from the Fund other than in his capacity as a member of the Audit Committee and Board of Trustees, and (ii) is not an "interested person" of the Fund as defined in Section 2(a)(19) of the 1940 Act.

#### Item 4. Principal Accountant Fees and Services.
Not applicable.

#### Item 5. Audit Committee of Listed Registrants.
Not applicable.

#### Item 6. Investments.
Schedule of Investments is included as part of the semi-annual report to shareholders filed under Item 1 of this Form N-CSR.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Not applicable.

#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable.

#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable.

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.

#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15. Submission of Matters to a Vote of Security Holders.
Not applicable.

#### Item 16. Controls and Procedures.
(a) The registrant's President and Treasurer have reviewed the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the registrant and by the registrant's service provider.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
The registrant did not engage in securities lending activities during the fiscal period reported on this Form N-CSR.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.

#### Item 19. Exhibits.
Not applicable.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| (Registrant) | Institutional Investment Strategy Fund |
| By (Signature and Title) | /s/ Arash Ghodoosi |
|  | Arash Ghodoosi, President |
|  | (Principal Executive Officer) |
|  | 12/02/2025 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| (Registrant) | Institutional Investment Strategy Fund |
| By (Signature and Title) | /s/ Arash Ghodoosi |
|  | Arash Ghodoosi, President |
|  | (Principal Executive Officer) |
| Date | 12/02/2025 |

---

---

| | |
|:---|:---|
| (Registrant) | Institutional Investment Strategy Fund |
| By (Signature and Title) | /s/ Matthew Pauker<br>|
|  | Matthew Pauker, Treasurer |
|  | (Principal Financial Officer) |
| Date | 12/02/2025 |

---