Shares
Market
Value
COMMON
STOCKS
—
93
.7
%
INFORMATION
TECHNOLOGY
-
SEMICONDUCTORS,
HARDWARE,
AND
EQUIPMENT
—
17
.8
%
24,300
Apple
Inc.
................................................
$
5,661,900
12,600
Applied
Materials
Inc.
...............................
2,545,830
3,550
ASML
Holding
NV
....................................
2,958,038
16,830
Eaton
Corp.
plc
.........................................
5,578,135
8,200
Keyence
Corp.
..........................................
3,900,170
106,000
NVIDIA
Corp.
...........................................
12,872,640
33,516,713
COMMUNICATION
SERVICES
—
16
.9
%
16,200
Alphabet
Inc.
,
Cl. A
...................................
2,686,770
34,320
Alphabet
Inc.
,
Cl. C
...................................
5,737,961
18,000
Meta
Platforms
Inc.
,
Cl. A
.........................
10,303,920
11,400
Netflix
Inc.
†
..............................................
8,085,678
13,400
Spotify
Technology
SA
†
............................
4,938,302
31,752,631
HEALTH
CARE
—
13
.1
%
35,000
Boston
Scientific
Corp.
†
...........................
2,933,000
9,320
Eli
Lilly
&
Co.
...........................................
8,256,961
8,400
Intuitive
Surgical
Inc.
†
..............................
4,126,668
34,600
Novo
Nordisk
A/S
,
ADR
............................
4,119,822
8,480
Stryker
Corp.
............................................
3,063,485
3,450
Thermo
Fisher
Scientific
Inc.
.....................
2,134,066
24,634,002
FINANCIALS
—
11
.4
%
9,705
Chubb
Ltd.
...............................................
2,798,825
169,000
Investor
AB
,
Cl. B
.....................................
5,201,037
25,500
KKR
&
Co.
Inc.
.........................................
3,329,790
6,700
Mastercard
Inc.
,
Cl. A
...............................
3,308,460
4,020
S&P
Global
Inc.
........................................
2,076,812
17,000
Visa
Inc.
,
Cl. A
..........................................
4,674,150
21,389,074
CONSUMER
DISCRETIONARY
—
11
.4
%
56,000
Amazon.com
Inc.
†
...................................
10,434,480
52,000
Chipotle
Mexican
Grill
Inc.
†
......................
2,996,240
2,000
Christian
Dior
SE
......................................
1,443,756
6,200
LVMH
Moet
Hennessy
Louis
Vuitton
SE
....
4,751,703
35,100
On
Holding
AG
,
Cl. A
†
..............................
1,760,265
21,386,444
INFORMATION
TECHNOLOGY
-
SOFTWARE
AND
SERVICES
—
10
.9
%
2,310
Adobe
Inc.
†
..............................................
1,196,072
4,330
Cadence
Design
Systems
Inc.
†
.................
1,173,560
8,530
CrowdStrike
Holdings
Inc.
,
Cl. A
†
.............
2,392,409
2,910
Intuit
Inc.
.................................................
1,807,110
24,400
Microsoft
Corp.
........................................
10,499,320
3,760
ServiceNow
Inc.
†
.....................................
3,362,906
20,431,377
Shares
Market
Value
INDUSTRIALS
—
8
.2
%
10,800
GE
Vernova
Inc.
†
......................................
$
2,753,784
19,850
General
Electric
Co.
..................................
3,743,313
10,400
Schneider
Electric
SE
................................
2,734,431
15,800
Trane
Technologies
plc
.............................
6,141,934
15,373,462
CONSUMER
STAPLES
—
3
.0
%
12,750
L'Oreal
SA
................................................
5,706,160
MATERIALS
—
1
.0
%
3,900
Linde
plc
..................................................
1,859,754
TOTAL
COMMON
STOCKS
........................
176,049,617
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
6
.3
%
$
11,915,000
U.S.
Treasury
Bills,
4.540
%
to
5.261
%
††
,
10/10/24
to
12/26/24
............................
11,857,347
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
82,853,843
)
...............................
$
187,906,964
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
Geographic
Diversification
%
of
Market
Value
Market
Value
United
States
........................
75
.3
%
$
141,452,522
Europe
..............................
22
.6
42,554,272
Japan
...............................
2
.1
3,900,170
100.0%
$
187,906,964
