|
COMMON STOCKS – 97.2%
|
Shares
|
Fair Value
|
|
SOFTWARE – 10.8%
|
|
|
|
Fortinet Inc. (United States) (a)
|
2,184
|
$230,893
|
|
Roper Technologies Inc. (United States)
|
193
|
109,400
|
|
Synopsys Inc. (United States) (a)
|
174
|
89,206
|
|
|
|
$429,499
|
|
HEALTH CARE EQUIPMENT & SUPPLIES – 9.1%
|
|
|
|
BioMerieux (France)
|
1,604
|
$221,860
|
|
Hoya Corp. (Japan)
|
500
|
59,381
|
|
Sysmex Corp. (Japan)
|
4,800
|
83,555
|
|
|
|
$364,796
|
|
INSURANCE – 8.5%
|
|
|
|
Brown & Brown Inc. (United States)
|
976
|
$108,209
|
|
Chubb Ltd. (United States)
|
206
|
59,682
|
|
Markel Group Inc. (United States) (a)
|
85
|
169,776
|
|
|
|
$337,667
|
|
MACHINERY – 8.3%
|
|
|
|
Atlas Copco AB (Sweden)
|
4,621
|
$74,703
|
|
Knorr-Bremse A.G. (Germany)
|
1,102
|
106,891
|
|
Lincoln Electric Holdings Inc. (United States)
|
298
|
61,781
|
|
Techtronic Industries Co. Ltd. (Hong Kong)
|
3,500
|
38,619
|
|
Westinghouse Air Brake Technologies Corp. (United States)
|
234
|
48,988
|
|
|
|
$330,982
|
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT – 7.9%
|
|
|
|
KLA Corp. (United States)
|
128
|
$114,655
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)
|
2,000
|
73,138
|
|
Texas Instruments Inc. (United States)
|
613
|
127,271
|
|
|
|
$315,064
|
|
TRADING COMPANIES & DISTRIBUTORS – 7.5%
|
|
|
|
MonotaRO Co. Ltd. (Japan)
|
5,500
|
$108,272
|
|
Watsco Inc. (United States)
|
435
|
192,105
|
|
|
|
$300,377
|
|
AUTOMOBILES – 7.2%
|
|
|
|
Mahindra & Mahindra Ltd. (India)
|
7,771
|
$288,438
|
|
ELECTRICAL EQUIPMENT – 5.6%
|
|
|
|
ABB Ltd. (Switzerland)
|
1,505
|
$90,193
|
|
COMMON STOCKS — Continued
|
Shares
|
Fair Value
|
|
WEG S.A. (Brazil)
|
16,800
|
$132,282
|
|
|
|
$222,475
|
|
BANKS – 5.0%
|
|
|
|
HDFC Bank Ltd. (India)
|
8,533
|
$199,207
|
|
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 4.9%
|
|
|
|
Samsung Electronics Co. Ltd. (South Korea)
|
4,457
|
$197,096
|
|
COMMUNICATIONS EQUIPMENT – 4.7%
|
|
|
|
Arista Networks Inc. (United States) (a)
|
1,825
|
$186,716
|
|
AIR FREIGHT & LOGISTICS – 3.0%
|
|
|
|
Deutsche Post A.G. (Germany)
|
2,572
|
$119,135
|
|
BROADLINE RETAIL – 2.9%
|
|
|
|
Alibaba Group Holding Ltd. (China)
|
8,200
|
$116,079
|
|
CHEMICALS – 2.7%
|
|
|
|
Linde PLC (United States)
|
230
|
$107,911
|
|
GROUND TRANSPORTATION – 2.6%
|
|
|
|
Old Dominion Freight Line Inc. (United States)
|
651
|
$105,657
|
|
PERSONAL CARE PRODUCTS – 2.1%
|
|
|
|
Beiersdorf A.G. (Germany)
|
657
|
$82,584
|
|
BUILDING PRODUCTS – 1.7%
|
|
|
|
Carlisle Cos. Inc. (United States)
|
186
|
$69,452
|
|
HOUSEHOLD DURABLES – 1.7%
|
|
|
|
NVR Inc. (United States) (a)
|
9
|
$66,471
|
|
COMMON STOCKS — Continued
|
Shares
|
Fair Value
|
|
HOTELS, RESTAURANTS & LEISURE – 1.0%
|
|
|
|
Trip.com Group Ltd. (China)
|
650
|
$38,067
|
|
TOTAL COMMON STOCKS–97.2% (Cost $3,780,937)
|
|
$3,877,673
|
|
TOTAL INVESTMENTS–97.2% (Cost $3,780,937)
|
|
$3,877,673
|
|
Other Assets in Excess of Liabilities – 2.8%
|
|
$113,524
|
|
NET ASSETS–100.0%
|
|
$3,991,197
|
|
(a)
|
Non-income producing security.
|