Shares
Market
Value
COMMON
STOCKS
–
96.7%
Automotive
Parts
and
Accessories
–
6.7%
7,246
Blue
Bird
Corp.†
.....................................
$
347,518
1,265
Cummins
Inc.
..........................................
409,594
4,428
Dana
Inc.
................................................
46,760
803,872
Banking
–
1.4%
15,178
Banco
Bilbao
Vizcaya
Argentaria
SA,
ADR
....................................................
164,530
Building
and
Construction
–
9.2%
3,300
Arcosa
Inc.
..............................................
312,708
1,246
Carrier
Global
Corp.
................................
100,290
5,500
Centuri
Holdings
Inc.†
............................
88,825
4,468
Gibraltar
Industries
Inc.†
........................
312,447
3,742
Johnson
Controls
International
plc
.........
290,417
1,104,687
Business
Services
–
2.1%
12,500
Resideo
Technologies
Inc.†
....................
251,750
Consumer
Products
–
1.0%
1,769
Unilever
plc,
ADR
...................................
114,914
Diversified
Industrial
–
3.0%
3,653
AZZ
Inc.
..................................................
301,774
3,000
L.B.
Foster
Co.,
Cl. A†
............................
61,290
363,064
Electronics
–
5.9%
8,000
Flex
Ltd.†
................................................
267,440
33,688
Mirion
Technologies
Inc.†
.......................
372,926
1,871
NEXTracker
Inc.,
Cl. A†
..........................
70,125
710,491
Energy
and
Utilities
–
13.0%
4,050
Alliant
Energy
Corp.
................................
245,795
2,300
American
Water
Works
Co.
Inc.
..............
336,352
6,074
Avangrid
Inc.
...........................................
217,388
4,206
Brookfield
Renewable
Corp.,
Cl. A
.........
137,368
400
GE
Vernova
Inc.†
....................................
101,992
3,200
IDACORP
Inc.
.........................................
329,888
1,769
Net
Power
Inc.†
......................................
12,401
6,500
NextEra
Energy
Partners
LP
..................
179,530
1,560,714
Environmental
Services
–
9.7%
24,000
Ardagh
Metal
Packaging
SA
...................
90,480
1,800
Darling
Ingredients
Inc.†
.........................
66,888
2,324
Republic
Services
Inc.
............................
466,752
3,040
Waste
Connections
Inc.
..........................
543,613
1,167,733
Equipment
and
Supplies
–
13.9%
3,554
Crown
Holdings
Inc.
................................
340,758
1,300
Hubbell
Inc.
.............................................
556,855
573
Littelfuse
Inc.
...........................................
151,988
Shares
Market
Value
386
Preformed
Line
Products
Co.
..................
$
49,439
2,872
The
Timken
Co.
.......................................
242,081
1,122
Valmont
Industries
Inc.
...........................
325,324
1,666,445
Financial
Services
–
5.9%
4,624
Franklin
Resources
Inc.
..........................
93,174
5,476
ING
Groep
NV,
ADR
...............................
99,444
1,008
S&P
Global
Inc.
......................................
520,753
713,371
General
Industrial
Machinery
and
Equipment
–
3.7%
4,000
Flowserve
Corp.
......................................
206,760
6,500
Matthews
International
Corp.,
Cl. A
........
150,800
3,800
Mueller
Water
Products
Inc.,
Cl. A
..........
82,460
440,020
Health
Care
–
1.3%
539
BioMarin
Pharmaceutical
Inc.†
...............
37,886
1,962
Royalty
Pharma
plc,
Cl. A
.......................
55,505
139
Vertex
Pharmaceuticals
Inc.†
.................
64,646
158,037
Machinery
–
8.8%
19,500
CNH
Industrial
NV
..................................
216,450
618
Deere
&
Co.
............................................
257,910
4,300
Xylem
Inc.
...............................................
580,629
1,054,989
Metals
and
Mining
–
3.7%
4,200
Cameco
Corp.
.........................................
200,592
4,858
Freeport-McMoRan
Inc.
..........................
242,511
443,103
Real
Estate
Investment
Trust
–
3.8%
13,295
Weyerhaeuser
Co.
..................................
450,169
Specialty
Chemicals
–
2.4%
796
Air
Products
and
Chemicals
Inc.
.............
237,001
405
Rogers
Corp.†
........................................
45,769
282,770
Technology
Services
–
1.2%
840
Alphabet
Inc.,
Cl. C
.................................
140,440
TOTAL
COMMON
STOCKS
..........
11,591,099
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
–
3.3%
$
400,000
U.S.
Treasury
Bills,
4.98%
to
5.06%††,
10/24/24
to
10/10/24
398,941
TOTAL
INVESTMENTS
—
100.0%
(cost
$9,307,578)
....................................
$
11,990,040
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR American
Depositary
Receipt
