| Number of shares | Value (US $) | ||
| Common Stocks — 99.71%♣ | |||
| Communication Services — 9.70% | |||
| Alphabet Class A | 95,441 | $ 27,445,014 | |
| Meta Platforms Class A | 16,506 | 9,443,578 | |
| Netflix † | 53,495 | 5,143,544 | |
| 42,032,136 | |||
| Consumer Discretionary — 8.64% | |||
| Amazon.com † | 125,454 | 26,128,305 | |
| Booking Holdings | 1,808 | 7,612,259 | |
| Ferrari | 11,039 | 3,736,149 | |
| 37,476,713 | |||
| Consumer Staples — 0.68% | |||
| Coca-Cola | 38,605 | 2,935,910 | |
| 2,935,910 | |||
| Financials — 15.11% | |||
| Intercontinental Exchange | 78,091 | 12,282,153 | |
| Mastercard Class A | 26,908 | 13,444,851 | |
| MSCI | 14,247 | 7,679,275 | |
| S&P Global | 26,398 | 11,228,125 | |
| Visa Class A | 69,040 | 20,866,650 | |
| 65,501,054 | |||
| Healthcare — 9.27% | |||
| Danaher | 54,124 | 10,261,910 | |
| Edwards Lifesciences † | 96,450 | 7,723,716 | |
| Gilead Sciences | 43,702 | 6,090,748 | |
| IDEXX Laboratories † | 7,207 | 4,049,541 | |
| Intuitive Surgical † | 16,441 | 7,579,137 | |
| Veeva Systems Class A † | 25,588 | 4,494,788 | |
| 40,199,840 | |||
| Industrials — 6.41% | |||
| Broadridge Financial Solutions | 29,080 | 4,724,918 | |
| Equifax | 18,496 | 3,330,575 | |
| Old Dominion Freight Line | 7,099 | 1,387,145 | |
| Verisk Analytics | 47,496 | 9,012,366 | |
| Waste Connections | 57,498 | 9,339,975 | |
| 27,794,979 | |||
| Information Technology — 48.33% | |||
| Advanced Micro Devices † | 43,507 | 8,850,629 | |
| Apple | 158,264 | 40,165,821 | |
| Autodesk † | 15,791 | 3,780,365 | |
| Broadcom | 39,918 | 12,355,020 | |
| Intuit | 14,029 | 6,065,859 | |
| Microsoft | 130,294 | 48,230,930 | |
| Motorola Solutions | 14,441 | 6,266,961 | |
| NVIDIA | 385,774 | 67,278,986 | |
| Synopsys † | 6,959 | 2,759,104 | |
| Taiwan Semiconductor Manufacturing ADR | 40,778 | 13,780,925 | |
| 209,534,600 | |||
| Number of shares | Value (US $) | ||
| Common Stocks♣ (continued) | |||
| Materials — 1.52% | |||
| Vulcan Materials | 24,219 | $ 6,594,834 | |
| 6,594,834 | |||
| Real Estate — 0.05% | |||
| CoStar Group † | 5,210 | 210,171 | |
| 210,171 | |||
| Total Common Stocks (cost $299,414,458) | 432,280,237 | ||
| Short-Term Investments — 0.47% | |||
| Money Market Mutual Funds — 0.47% | |||
| BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.55%) | 507,325 | 507,325 | |
| Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.53%) | 507,325 | 507,325 | |
| Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.59%) | 507,325 | 507,325 | |
| Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.57%) | 507,326 | 507,326 | |
| Total Short-Term Investments (cost $2,029,301) | 2,029,301 | ||
| Total Value of Securities—100.18% (cost $301,443,759) | 434,309,538 | ||
| Liabilities Net of Receivables and Other Assets—(0.18%) | (761,894) | ||
| Net Assets Applicable to 51,998,982 Shares Outstanding—100.00% | $433,547,644 | ||
| ♣ | Categorizations used for financial reporting purposes may differ from categorizations used for regulatory compliance and/or internal classification purposes. |
| † | Non-income producing security. |
| Summary of abbreviations: |
| ADR – American Depositary Receipt |
| MSCI – Morgan Stanley Capital International |
| S&P – Standard & Poor’s Financial Services LLC |