| | Principal | | | | |
Security Description | | Amount ($) | | | Fair Value ($) | |
Industrials (0.7%) | | | | | | | | |
3M Co., 3.00%, 8/7/25 | | | 250,000 | | | | 240,302 | |
Hubbell, Inc., 2.30%, 3/15/31, Callable | | | | | | | | |
12/15/30 @ 100 | | | 500,000 | | | | 415,247 | |
Hubbell, Inc., 3.35%, 3/1/26, Callable | | | | | | | | |
12/1/25 @ 100 | | | 145,000 | | | | 140,097 | |
Hubbell, Inc., 3.50%, 2/15/28, Callable | | | | | | | | |
11/15/27 @ 100 | | | 150,000 | | | | 141,485 | |
United Parcel Service, Inc., 2.40%, | | | | | | | | |
11/15/26, Callable 8/15/26 @ 100 | | | 200,000 | | | | 188,043 | |
| | | | | | | 1,125,174 | |
Information Technology (2.2%) | | | | | | | | |
Apple, Inc., 2.20%, 9/11/29, Callable | | | | | | | | |
6/11/29 @ 100 | | | 350,000 | | | | 313,006 | |
Apple, Inc., 3.00%, 6/20/27, Callable | | | | | | | | |
3/20/27 @ 100 | | | 200,000 | | | | 193,121 | |
Intel Corp., 3.90%, 3/25/30, Callable | | | | | | | | |
12/25/29 @ 100 | | | 1,000,000 | | | | 953,488 | |
Intuit, Inc., 0.65%, 7/15/23 | | | 1,000,000 | | | | 988,641 | |
Mastercard, Inc., 2.95%, 11/21/26, | | | | | | | | |
Callable 8/21/26 @ 100 | | | 100,000 | | | | 95,481 | |
Mastercard, Inc., 3.30%, 3/26/27, | | | | | | | | |
Callable 1/26/27 @ 100 | | | 150,000 | | | | 145,324 | |
Oracle Corp., 2.50%, 4/1/25, Callable | | | | | | | | |
3/1/25 @ 100 | | | 200,000 | | | | 191,465 | |
Oracle Corp., 3.40%, 7/8/24, Callable | | | | | | | | |
4/8/24 @ 100 | | | 300,000 | | | | 293,913 | |
Visa, Inc., 3.15%, 12/14/25, Callable | | | | | | | | |
9/14/25 @ 100 | | | 275,000 | | | | 267,163 | |
| | | | | | | 3,441,602 | |
Materials (0.8%) | | | | | | | | |
Air Products And Chemicals, Inc., | | | | | | | | |
2.05%, 5/15/30, Callable 2/15/30 | | | | | | | | |
@ 100 | | | 1,425,000 | | | | 1,229,697 | |
Utilities (0.6%) | | | | | | | | |
Consolidated Edison Co. of New York, | | | | | | | | |
Inc., 3.35%, 4/1/30, Callable 1/1/30 | | | | | | | | |
@ 100 | | | 1,000,000 | | | | 921,589 | |
TOTAL CORPORATE BONDS (Cost $17,703,454) | | | | | | | 16,168,116 | |
| | | | | | | | |
Municipal Bonds (0.4%) | | | | | | | | |
Georgia (0.2%) | | | | | | | | |
State of Georgia, GO, Series B, 1.40%, | | | | | | | | |
8/1/33, Callable 8/1/30 @ 100 | | | 350,000 | | | | 265,102 | |
Hawaii (0.2%) | | | | | | | | |
State of Hawaii, GO, Series FZ, 1.87%, | | | | | | | | |
8/1/33, Callable 8/1/30 @ 100 | | | 500,000 | | | | 394,107 | |
TOTAL MUNICIPAL BONDS (Cost $857,558) | | | | | | | 659,209 | |
| | | | | | | | |
U.S. Government & U.S. Government Agency Obligations (21.1%) |
Federal Farm Credit Bank (0.7%) | | | | | | | | |
2.75%, 7/16/27 | | | 250,000 | | | | 238,582 | |
2.85%, 3/2/28 | | | 750,000 | | | | 714,839 | |
| | | | | | | 953,421 | |