North Square Investments Trust NPORT-P Sphere 500 Climate Fund (Dec 2024 report)

Sphere

500

Climate

Fund

Schedule

of

Investments

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

Shares

Fair

Value

Communications

—

12.16%

Alphabet,

Inc.,

Class

C

3,562‌

$

678,347‌

Alphabet,

Inc.,

Class

A

4,310‌

815,883‌

AppLovin

Corp.,

Class

A

(a)

148‌

47,927‌

AT&T,

Inc.

5,134‌

116,901‌

Charter

Communications,

Inc.,

Class

A

(a)

69‌

23,651‌

Comcast

Corp.,

Class

A

2,720‌

102,082‌

Electronic

Arts,

Inc.

170‌

24,871‌

Liberty

Media

Corp.,

Class

C

(a)

155‌

14,362‌

Live

Nation

Entertainment,

Inc.

(a)

110‌

14,245‌

Meta

Platforms,

Inc.,

Class

A

1,409‌

824,983‌

Netflix,

Inc.

(a)

302‌

269,179‌

Omnicom

Group,

Inc.

139‌

11,960‌

Pinterest,

Inc.,

Class

A

(a)

418‌

12,122‌

Reddit

,

Inc.,

Class

A

(a)

71‌

11,604‌

Roblox

Corp.,

Class

A

(a)

380‌

21,987‌

Take-Two

Interactive

Software,

Inc.

(a)

116‌

21,353‌

T-Mobile

US,

Inc.

345‌

76,152‌

Verizon

Communications,

Inc.

3,019‌

120,730‌

Walt

Disney

Co.

(The)

1,297‌

144,421‌

Warner

Bros.

Discovery,

Inc.

(a)

1,593‌

16,838‌

3,369,598‌

Consumer

Discretionary

—

14.06%

Airbnb,

Inc.,

Class

A

(a)

298‌

39,160‌

Amazon.com,

Inc.

(a)

5,501‌

1,206,863‌

AutoZone,

Inc.

(a)

12‌

38,424‌

Best

Buy

Co.,

Inc.

141‌

12,098‌

Booking

Holdings,

Inc.

23‌

114,274‌

Builders

FirstSource

,

Inc.

(a)

80‌

11,434‌

Burlington

Stores,

Inc.

(a)

45‌

12,828‌

Carnival

Corp.

(a)

716‌

17,843‌

Carvana

Co.

(a)

82‌

16,676‌

Cava

Group,

Inc.

(a)

69‌

7,783‌

Chipotle

Mexican

Grill,

Inc.

(a)

969‌

58,431‌

Copart

,

Inc.

(a)

631‌

36,213‌

Coupang

,

Inc.

(a)

852‌

18,727‌

D.R.

Horton,

Inc.

203‌

28,384‌

Darden

Restaurants,

Inc.

83‌

15,495‌

Deckers

Outdoor

Corp.

(a)

108‌

21,934‌

Domino's

Pizza,

Inc.

24‌

10,074‌

DoorDash

,

Inc.,

Class

A

(a)

230‌

38,583‌

DraftKings

,

Inc.,

Class

A

(a)

337‌

12,536‌

eBay,

Inc.

342‌

21,187‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Consumer

Discretionary

—

14.06%

-

(continued)

Expedia

Group,

Inc.

(a)

86‌

$

16,024‌

Ford

Motor

Co.

2,793‌

27,651‌

General

Motors

Co.

787‌

41,923‌

Genuine

Parts

Co.

99‌

11,559‌

Hilton

Worldwide

Holdings,

Inc.

171‌

42,264‌

Home

Depot,

Inc.

(The)

700‌

272,293‌

Kellogg

Co.

209‌

16,923‌

Las

Vegas

Sands

Corp.

271‌

13,919‌

Lennar

Corp.,

Class

A

167‌

22,774‌

Lowe's

Companies.,

Inc.

404‌

99,706‌

Lululemon

Athletica

,

Inc.

(a)

76‌

29,063‌

Marriott

International,

Inc.,

Class

A

174‌

48,536‌

Masco

Corp.

154‌

11,176‌

McDonald's

Corp.

514‌

149,004‌

Nike,

Inc.,

Class

B

839‌

63,487‌

NVR,

Inc.

(a)

2‌

16,358‌

O'Reilly

Automotive,

Inc.

(a)

41‌

48,618‌

PulteGroup,

Inc.

146‌

15,899‌

Ross

Stores,

Inc.

232‌

35,095‌

Royal

Caribbean

Cruises

Ltd.

179‌

41,294‌

Starbucks

Corp.

796‌

72,634‌

Tesla,

Inc.

(a)

1,959‌

791,123‌

TJX

Companies,

Inc.

(The)

802‌

96,890‌

Toll

Brothers,

Inc.

72‌

9,068‌

Tractor

Supply

Co.

382‌

20,269‌

Uber

Technologies,

Inc.

(a)

1,448‌

87,343‌

Ulta

Beauty,

Inc.

(a)

33‌

14,353‌

Williams-Sonoma,

Inc.

85‌

15,740‌

Yum!

Brands,

Inc.

199‌

26,698‌

3,896,631‌

Consumer

Staples

—

5.02%

Casey's

General

Stores,

Inc.

26‌

10,302‌

Clorox

Co.

(The)

88‌

14,292‌

Coca-Cola

Co.

(The)

2,857‌

177,876‌

Colgate-Palmolive

Co.

585‌

53,182‌

Constellation

Brands,

Inc.,

Class

A

109‌

24,089‌

Costco

Wholesale

Corp.

288‌

263,885‌

Dollar

General

Corp.

157‌

11,904‌

Dollar

Tree,

Inc.

(a)

154‌

11,541‌

Estee

Lauder

Companies,

Inc.

(The),

Class

A

166‌

12,447‌

General

Mills,

Inc.

396‌

25,253‌

Hershey

Co.

(The)

105‌

17,782‌

Kenvue

Inc.

1,375‌

29,356‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Consumer

Staples

—

5.02%

-

(continued)

Keurig

Dr

Pepper,

Inc.

807‌

$

25,921‌

Kimberly-Clark

Corp.

238‌

31,188‌

Kraft

Heinz

Co.

(The)

864‌

26,534‌

Kroger

Co.

(The)

514‌

31,431‌

McCormick

&

Co.,

Inc.

180‌

13,723‌

Mondelez

International,

Inc.,

Class

A

956‌

57,102‌

Monster

Beverage

Corp.

(a)

497‌

26,122‌

Pentair

PLC

117‌

11,775‌

PepsiCo,

Inc.

982‌

149,323‌

Procter

&

Gamble

Co.

(The)

1,636‌

274,275‌

Sprouts

Farmers

Market,

Inc.

(a)

71‌

9,022‌

Sysco

Corp.

351‌

26,838‌

Target

Corp.

327‌

44,204‌

US

Foods

Holding

Corp.

(a)

166‌

11,198‌

1,390,565‌

Financials

—

14.10%

Aflac,

Inc.

358‌

37,032‌

Allstate

Corp.

(The)

188‌

36,245‌

American

Express

Co.

504‌

149,582‌

American

International

Group,

Inc.

446‌

32,469‌

Ameriprise

Financial,

Inc.

69‌

36,738‌

Aon

PLC,

Class

A

150‌

53,874‌

Apollo

Global

Management

Inc.

285‌

47,071‌

Ares

Management

Corp.,

Class

A

134‌

23,722‌

Arthur

J.

Gallagher

&

Co.

155‌

43,997‌

Bank

of

America

Corp.

4,669‌

205,203‌

Bank

of

New

York

Mellon

Corp.

(The)

520‌

39,952‌

BlackRock,

Inc.

102‌

104,561‌

Brown

&

Brown,

Inc.

169‌

17,241‌

Capital

One

Financial

Corp.

270‌

48,146‌

Charles

Schwab

Corp.

(The)

1,202‌

88,960‌

Chubb

Ltd.

287‌

79,298‌

Church

&

Dwight

Co.,

Inc.

175‌

18,324‌

Cincinnati

Financial

Corp.

110‌

15,807‌

CME

Group,

Inc.

257‌

59,683‌

Coinbase

Global,

Inc.,

Class

A

(a)

138‌

34,265‌

Discover

Financial

Services

179‌

31,008‌

Equitable

Holdings,

Inc.

223‌

10,519‌

Fidelity

National

Financial,

Inc.

184‌

10,330‌

Fifth

Third

Bancorp

478‌

20,210‌

First

Citizens

BancShares

,

Inc.,

Class

A

7‌

14,791‌

First

Republic

Bank

(a)

26‌

—‌

FTAI

Aviation

Ltd.

72‌

10,371‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Financials

—

14.10%

-

(continued)

Goldman

Sachs

Group,

Inc.

(The)

224‌

$

128,268‌

Hartford

Financial

Services

Group,

Inc.

(The)

207‌

22,646‌

Huntington

Bancshares,

Inc.

1,029‌

16,742‌

Interactive

Brokers

Group,

Inc.,

Class

A

75‌

13,250‌

Intercontinental

Exchange,

Inc.

407‌

60,647‌

JPMorgan

Chase

&

Co.

1,736‌

416,137‌

KeyCorp

708‌

12,135‌

Loews

Corp.

129‌

10,925‌

LPL

Financial

Holdings,

Inc.

53‌

17,305‌

M&T

Bank

Corp.

118‌

22,185‌

Markel

Group

Inc.

(a)

9‌

15,536‌

Marsh

&

McLennan

Companies.,

Inc.

352‌

74,768‌

MasterCard,

Inc.,

Class

A

520‌

273,815‌

MetLife,

Inc.

416‌

34,062‌

Moody's

Corp.

129‌

61,065‌

Morgan

Stanley

882‌

110,885‌

MSCI,

Inc.

54‌

32,401‌

Nasdaq,

Inc.

295‌

22,806‌

Northern

Trust

Corp.

140‌

14,350‌

Otis

Worldwide

Corp.

286‌

26,486‌

PayPal

Holdings,

Inc.

(a)

716‌

61,111‌

PNC

Financial

Services

Group,

Inc.

(The)

283‌

54,577‌

Principal

Financial

Group,

Inc.

163‌

12,618‌

Progressive

Corp.

(The)

419‌

100,397‌

Prudential

Financial,

Inc.

254‌

30,107‌

Raymond

James

Financial,

Inc.

131‌

20,348‌

Robinhood

Markets,

Inc.,

Class

A

(a)

440‌

16,394‌

S&P

Global,

Inc.

222‌

110,563‌

SoFi

Technologies,

Inc.

(a)

740‌

11,396‌

State

Street

Corp.

209‌

20,513‌

Synchrony

Financial

278‌

18,070‌

T.

Rowe

Price

Group,

Inc.

155‌

17,529‌

Toast,

Inc.,

Class

A

(a)

292‌

10,643‌

Tradeweb

Markets,

Inc.,

Class

A

82‌

10,735‌

TransUnion

139‌

12,887‌

Travelers

Companies,

Inc.

(The)

162‌

39,024‌

Truist

Financial

Corp.

950‌

41,211‌

U.S.

Bancorp

1,117‌

53,426‌

Visa,

Inc.,

Class

A

1,298‌

410,220‌

W.R.

Berkley

Corp.

214‌

12,523‌

Wells

Fargo

&

Co.

2,345‌

164,713‌

Willis

Towers

Watson

PLC

72‌

22,553‌

3,907,371‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Health

Care

—

12.70%

Abbott

Laboratories

1,237‌

$

139,917‌

AbbVie,

Inc.

1,174‌

208,620‌

Agilent

Technologies,

Inc.

205‌

27,540‌

Align

Technology,

Inc.

(a)

50‌

10,426‌

Alnylam

Pharmaceuticals,

Inc.

(a)

91‌

21,413‌

AmerisourceBergen

Corp.

124‌

27,860‌

Amgen,

Inc.

384‌

100,086‌

Baxter

International,

Inc.

364‌

10,614‌

Becton,

Dickinson

and

Co.

207‌

46,962‌

Biogen,

Inc.

(a)

103‌

15,751‌

Boston

Scientific

Corp.

(a)

1,053‌

94,054‌

Bristol-Myers

Squibb

Co.

1,454‌

82,238‌

Cardinal

Health,

Inc.

173‌

20,461‌

Centene

Corp.

(a)

358‌

21,688‌

Cigna

Corp.

195‌

53,847‌

Cooper

Companies,

Inc.

(The)

(a)

142‌

13,054‌

CVS

Health

Corp.

901‌

40,446‌

Danaher

Corp.

497‌

114,086‌

DexCom

,

Inc.

(a)

276‌

21,465‌

Edwards

LifeSciences

Corp.

(a)

416‌

30,796‌

Elevance

Health,

Inc.

166‌

61,237‌

Eli

Lilly

&

Co.

537‌

414,564‌

GE

HealthCare

Technologies,

Inc.

317‌

24,783‌

Gilead

Sciences,

Inc.

893‌

82,486‌

HCA

Healthcare,

Inc.

130‌

39,020‌

Hologic

,

Inc.

(a)

160‌

11,534‌

Humana,

Inc.

86‌

21,819‌

IDEXX

Laboratories,

Inc.

(a)

58‌

23,980‌

Illumina,

Inc.

(a)

112‌

14,967‌

Insulet

Corp.

(a)

50‌

13,054‌

Intuitive

Surgical,

Inc.

(a)

254‌

132,578‌

IQVIA

Holdings,

Inc.

(a)

129‌

25,350‌

Johnson

&

Johnson

1,903‌

275,212‌

Labcorp

Holdings,

Inc.

59‌

13,530‌

McKesson

Corp.

90‌

51,292‌

Medtronic

PLC

919‌

73,410‌

Merck

&

Co.,

Inc.

1,682‌

167,325‌

Mettler

-Toledo

International,

Inc.

(a)

14‌

17,132‌

Moderna

,

Inc.

(a)

246‌

10,229‌

Molina

Healthcare,

Inc.

(a)

40‌

11,642‌

Natera

,

Inc.

(a)

88‌

13,930‌

Pfizer,

Inc.

4,060‌

107,712‌

Quest

Diagnostics,

Inc.

79‌

11,918‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Health

Care

—

12.70%

-

(continued)

Regeneron

Pharmaceuticals,

Inc.

(a)

76‌

$

54,137‌

ResMed

,

Inc.

104‌

23,784‌

Steris

PLC

70‌

14,389‌

Stryker

Corp.

256‌

92,173‌

Thermo

Fisher

Scientific,

Inc.

274‌

142,542‌

United

Therapeutics

Corp.

(a)

31‌

10,938‌

UnitedHealth

Group,

Inc.

549‌

277,716‌

Vertex

Pharmaceuticals,

Inc.

(a)

184‌

74,097‌

Viatris

,

Inc.

835‌

10,396‌

Waters

Corp.

(a)

42‌

15,581‌

West

Pharmaceutical

Services,

Inc.

51‌

16,706‌

Zimmer

Biomet

Holdings,

Inc.

142‌

14,999‌

Zoetis,

Inc.,

Class

A

323‌

52,626‌

3,520,112‌

Industrials

—

6.30%

3M

Co.

390‌

50,345‌

AECOM

94‌

10,041‌

Carrier

Global

Corp.

600‌

40,956‌

Caterpillar,

Inc.

345‌

125,152‌

Cintas

Corp.

245‌

44,762‌

Citigroup,

Inc.

1,313‌

92,422‌

Comfort

Systems

USA,

Inc.

25‌

10,602‌

Cummins,

Inc.

96‌

33,466‌

Deere

&

Co.

181‌

76,690‌

Delta

Air

Lines,

Inc.

461‌

27,891‌

Dover

Corp.

97‌

18,197‌

EMCOR

Group,

Inc.

32‌

14,525‌

Emerson

Electric

Co.

407‌

50,440‌

Expeditors

International

of

Washington,

Inc.

99‌

10,966‌

Fastenal

Co.

410‌

29,483‌

FedEx

Corp.

160‌

45,013‌

GE

Vernova

LLC

197‌

64,798‌

Graco

,

Inc.

119‌

10,031‌

Hubbell,

Inc.

38‌

15,918‌

IDEX

Corp.

54‌

11,302‌

Illinois

Tool

Works,

Inc.

211‌

53,501‌

Ingersoll

Rand,

Inc.

288‌

26,052‌

JB

Hunt

Transport

Services,

Inc.

57‌

9,728‌

Johnson

Controls

International

PLC

471‌

37,176‌

Lennox

International,

Inc.

22‌

13,405‌

Norfolk

Southern

Corp.

162‌

38,021‌

Old

Dominion

Freight

Line,

Inc.

132‌

23,285‌

PACCAR,

Inc.

369‌

38,383‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Industrials

—

6.30%

-

(continued)

Paychex,

Inc.

230‌

$

32,251‌

Quanta

Services,

Inc.

104‌

32,869‌

Republic

Services,

Inc.

145‌

29,171‌

Rockwell

Automation,

Inc.

80‌

22,863‌

Roper

Technologies,

Inc.

76‌

39,509‌

Snap-on,

Inc.

36‌

12,221‌

Southwest

Airlines

Co.

425‌

14,289‌

TE

Connectivity

PLC

214‌

30,596‌

Trane

Technologies

PLC

160‌

59,096‌

Union

Pacific

Corp.

434‌

98,969‌

United

Airlines

Holdings,

Inc.

(a)

234‌

22,721‌

United

Parcel

Service,

Inc.,

Class

B

524‌

66,076‌

United

Rentals,

Inc.

46‌

32,404‌

Veralto

Corp.

170‌

17,315‌

Verisk

Analytics,

Inc.

101‌

27,818‌

Vertiv

Holdings

Co.,

Class

A

264‌

29,993‌

W.W.

Grainger,

Inc.

32‌

33,730‌

Waste

Management,

Inc.

287‌

57,913‌

Watsco

,

Inc.

24‌

11,373‌

Westinghouse

Air

Brake

Technologies

Corp.

122‌

23,130‌

XPO,

Inc.

(a)

81‌

10,623‌

Xylem,

Inc.

173‌

20,071‌

1,747,552‌

Materials

—

2.11%

Amcor

PLC

1,033‌

9,721‌

Avery

Dennison

Corp.

56‌

10,479‌

Ball

Corp.

213‌

11,743‌

Carlisle

Companies,

Inc.

32‌

11,803‌

CF

Industries

Holdings,

Inc.

123‌

10,494‌

Corteva

,

Inc.

492‌

28,024‌

DuPont

de

Nemours,

Inc.

299‌

22,799‌

Ecolab,

Inc.

182‌

42,647‌

Freeport-McMoRan,

Inc.

1,024‌

38,994‌

International

Flavors

&

Fragrances,

Inc.

162‌

13,697‌

Linde

PLC

335‌

140,255‌

LyondellBasell

Industries

NV,

Class

A

185‌

13,740‌

Martin

Marietta

Materials,

Inc.

43‌

22,210‌

Newmont

Corp.

815‌

30,334‌

Nucor

Corp.

167‌

19,491‌

Owens

Corning

60‌

10,219‌

Packaging

Corporation

of

America

63‌

14,182‌

PPG

Industries,

Inc.

165‌

19,709‌

Reliance

Steel

&

Aluminum

Co.

38‌

10,232‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Materials

—

2.11%

-

(continued)

RPM

International,

Inc.

91‌

$

11,198‌

Sherwin-Williams

Co.

(The)

165‌

56,089‌

Steel

Dynamics,

Inc.

102‌

11,635‌

Vulcan

Materials

Co.

93‌

23,922‌

583,617‌

Real

Estate

—

2.55%

Alexandria

Real

Estate

Equities,

Inc.

123‌

11,999‌

American

Tower

Corp.

334‌

61,260‌

AvalonBay

Communities,

Inc.

101‌

22,217‌

CBRE

Group,

Inc.,

Class

A

(a)

218‌

28,621‌

Crown

Castle

International

Corp.

310‌

28,136‌

Digital

Realty

Trust,

Inc.

237‌

42,027‌

Equinix

,

Inc.

68‌

64,117‌

Equity

Residential

269‌

19,303‌

Essex

Property

Trust,

Inc.

45‌

12,845‌

Extra

Space

Storage,

Inc.

150‌

22,440‌

Healthpeak

Properties,

Inc.

500‌

10,135‌

Invitation

Homes,

Inc.

437‌

13,971‌

Iron

Mountain,

Inc.

209‌

21,968‌

Kimco

Realty

Corp.

473‌

11,082‌

Mid-America

Apartment

Communities,

Inc.

83‌

12,829‌

Prologis,

Inc.

661‌

69,868‌

Public

Storage

112‌

33,537‌

Realty

Income

Corp.

627‌

33,488‌

SBA

Communications

Corp.,

Class

A

76‌

15,489‌

Simon

Property

Group,

Inc.

232‌

39,953‌

Sun

Communities,

Inc.

90‌

11,067‌

UDR,

Inc.

235‌

10,201‌

Ventas,

Inc.

299‌

17,608‌

VICI

Properties,

Inc.

754‌

22,024‌

Welltower

,

Inc.

446‌

56,209‌

Weyerhaeuser

Co.

519‌

14,610‌

707,004‌

Technology

—

29.83%

Accenture

PLC,

Class

A

447‌

157,250‌

Adobe,

Inc.

(a)

314‌

139,630‌

Advanced

Micro

Devices,

Inc.

(a)

1,157‌

139,754‌

Affirm

Holdings,

Inc.

(a)

185‌

11,267‌

Analog

Devices,

Inc.

353‌

74,998‌

ANSYS,

Inc.

(a)

62‌

20,914‌

Apple,

Inc.

4,862‌

1,217,542‌

Applied

Materials,

Inc.

588‌

95,626‌

Arista

Networks

Inc

(a)

740‌

81,792‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Technology

—

29.83%

-

(continued)

Atlassian

Corp.,

Class

A

(a)

111‌

$

27,015‌

Autodesk,

Inc.

(a)

153‌

45,222‌

Automatic

Data

Processing,

Inc.

291‌

85,184‌

Block,

Inc.

(a)

393‌

33,401‌

Broadcom,

Inc.

3,113‌

721,718‌

Broadridge

Financial

Solutions,

Inc.

83‌

18,765‌

Cadence

Design

Systems,

Inc.

(a)

193‌

57,989‌

CDW

Corp.

95‌

16,534‌

Cisco

Systems,

Inc.

2,853‌

168,898‌

Cloudflare

,

Inc.,

Class

A

(a)

215‌

23,151‌

Cognizant

Technology

Solutions

Corp.,

Class

A

355‌

27,300‌

Coherent

Corp.

(a)

109‌

10,326‌

Corning,

Inc.

559‌

26,564‌

Corpay

,

Inc.

(a)

48‌

16,244‌

CoStar

Group,

Inc.

(a)

290‌

20,761‌

Crowdstrike

Holdings,

Inc.

(a)

164‌

56,114‌

Datadog

,

Inc.,

Class

A

(a)

216‌

30,864‌

Dell

Technologies,

Inc.,

Class

C

237‌

27,312‌

DocuSign,

Inc.

(a)

143‌

12,861‌

Dynatrace

,

Inc.

(a)

211‌

11,468‌

Entegris

,

Inc.

107‌

10,599‌

Equifax,

Inc.

88‌

22,427‌

F5,

Inc.

(a)

41‌

10,310‌

FactSet

Research

Systems,

Inc.

27‌

12,968‌

Fair

Isaac

Corp.

(a)

17‌

33,846‌

Fidelity

National

Information

Services,

Inc.

385‌

31,096‌

First

Solar,

Inc.

(a)

72‌

12,689‌

Fiserv,

Inc.

(a)

405‌

83,195‌

Flex

Ltd.

(a)

276‌

10,596‌

Fortinet,

Inc.

(a)

453‌

42,799‌

Garmin

Ltd.

111‌

22,895‌

Gartner,

Inc.

(a)

53‌

25,677‌

Gen

Digital,

Inc.

400‌

10,952‌

Global

Payments,

Inc.

181‌

20,283‌

GoDaddy

,

Inc.,

Class

A

(a)

100‌

19,737‌

Guidewire

Software,

Inc.

(a)

59‌

9,946‌

Hewlett

Packard

Enterprise

Co.

927‌

19,791‌

HP,

Inc.

689‌

22,482‌

HubSpot

,

Inc.

(a)

35‌

24,387‌

Intel

Corp.

3,090‌

61,955‌

International

Business

Machines

Corp.

662‌

145,527‌

Intuit,

Inc.

195‌

122,558‌

Jabil,

Inc.

77‌

11,080‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Technology

—

29.83%

-

(continued)

Keysight

Technologies,

Inc.

(a)

123‌

$

19,757‌

KLA

Corp.

95‌

59,861‌

Lam

Research

Corp.

916‌

66,163‌

Manhattan

Associates,

Inc.

(a)

43‌

11,620‌

Marvell

Technology,

Inc.

615‌

67,927‌

Microchip

Technology,

Inc.

377‌

21,621‌

Micron

Technology,

Inc.

796‌

66,991‌

Microsoft

Corp.

2,834‌

1,194,532‌

MicroStrategy

,

Inc.,

Class

A

(a)

130‌

37,651‌

MongoDB,

Inc.

(a)

51‌

11,873‌

Monolithic

Power

Systems,

Inc.

33‌

19,526‌

NetApp,

Inc.

145‌

16,832‌

Nutanix

,

Inc.,

Class

A

(a)

179‌

10,951‌

NVIDIA

Corp.

9,187‌

1,233,722‌

ON

Semiconductor

Corp.

(a)

303‌

19,104‌

Oracle

Corp.

1,134‌

188,970‌

Palo

Alto

Networks,

Inc.

(a)

465‌

84,611‌

PTC,

Inc.

(a)

85‌

15,629‌

Pure

Storage,

Inc.,

Class

A

(a)

222‌

13,637‌

Qualcomm,

Inc.

796‌

122,282‌

Salesforce,

Inc.

600‌

200,598‌

Seagate

Technology

PLC

150‌

12,947‌

ServiceNow

,

Inc.

(a)

147‌

155,838‌

Snowflake,

Inc.,

Class

A

(a)

219‌

33,816‌

SS&C

Technologies

Holdings,

Inc.

152‌

11,519‌

Super

Micro

Computer,

Inc.

(a)

359‌

10,942‌

Synopsys,

Inc.

(a)

109‌

52,904‌

Teradyne,

Inc.

116‌

14,607‌

Texas

Instruments,

Inc.

652‌

122,257‌

Trade

Desk,

Inc.

(The),

Class

A

(a)

320‌

37,610‌

Trimble,

Inc.

(a)

174‌

12,295‌

Twilio

,

Inc.,

Class

A

(a)

103‌

11,132‌

Tyler

Technologies,

Inc.

(a)

30‌

17,299‌

Veeva

Systems,

Inc.,

Class

A

(a)

106‌

22,287‌

VeriSign,

Inc.

(a)

68‌

14,073‌

Western

Digital

Corp.

(a)

246‌

14,669‌

Workday,

Inc.,

Class

A

(a)

151‌

38,963‌

Zebra

Technologies

Corp.,

Class

A

(a)

36‌

13,904‌

Zoom

Video

Communications

(a)

187‌

15,261‌

Zscaler

,

Inc.

(a)

67‌

12,087‌

8,272,527‌

Utilities

—

0.06%

American

Water

Works

Company,

Inc.

139‌

17,304‌

Sphere

500

Climate

Fund

Schedule

of

Investments

(continued)

December

31,

2024

(Unaudited)

COMMON

STOCKS

—

98.89%

-

(continued)

Shares

Fair

Value

Utilities

—

0.06%

-

(continued)

Total

Common

Stocks

(Cost $25,265,982)

$

27,412,281‌

Total

Investments

—

98.89%

    (Cost

$25,265,982)

27,412,281‌

Other

Assets

in

Excess

of

Liabilities — 1.11%

307,684‌

NET

ASSETS

—

100.00%

$

27,719,965‌

(a)

Non-income

producing

security.