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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ELEMENT LABS LTD</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="LHY307000"/>
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        <invCountry>IL</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ADVANCED MICRO DEVICES INC</name>
        <lei>R2I72C950HOYXII45366</lei>
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          <isin value="US0079031078"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAM RESEARCH CORP</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>LAM RESEARCH CORP</title>
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          <isin value="US5128073062"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SIMA TECHNOLOGIES INC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal" value="JAF727000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>LIGHTMATTER INC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal" value="KRA818000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>TAALAS INC</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal" value="LAM771000"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ON SEMICONDUCTOR CORP</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON SEMICONDUCTOR CORP</title>
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          <isin value="US6821891057"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALIF SEMICONDUCTOR</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="IHD661000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>IMPINJ INC</name>
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          <isin value="US4532041096"/>
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        <balance>198259.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOLFSPEED INC</name>
        <lei>549300OGU88P3AW3TO93</lei>
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          <isin value="US9778521024"/>
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        <balance>54700.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NXP SEMICONDUCTORS NV</name>
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        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIMA TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>SIMA TECHNOLOGIES INC CONV 10% 12/31/2027 P/P</title>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>WESTERN DIGITAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TENSTORRENT HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TENSTORRENT HOLDINGS INC SER D-2 PC PP</title>
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          <other otherDesc="Internal" value="KMJ033000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MONOLITHIC POWER SYSTEMS INC</name>
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        <name>ASTERA LABS INC</name>
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      <invstOrSec>
        <name>LIGHTMATTER INC</name>
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        <name>DANGER DEVICES INC</name>
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        <name>FRORE SYSTEMS INC</name>
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        <name>TENSTORRENT HOLDINGS INC</name>
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        <name>SYNAPTICS INC</name>
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        <name>MENLO MICRO INC</name>
        <lei>N/A</lei>
        <title>MENLO MICROSYSTEMS INC SER C PC PP</title>
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          <other otherDesc="Internal" value="IGJ566000"/>
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        <name>MARVELL TECHNOLOGY INC</name>
        <lei>N/A</lei>
        <title>MARVELL TECHNOLOGY INC</title>
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      <invstOrSec>
        <name>ALLEGRO MICROSYSTEMS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIGHTMATTER INC</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="JTV027000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>KIOXIA HOLDINGS CORPORATION</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LATTICE SEMICONDUCTOR CORP</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AEVA TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AKEANA</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SILICON MOTION TECH CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SIMA TECHNOLOGIES INC</name>
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        <fairValLevel>3</fairValLevel>
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        <name>BROADCOM INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Fidelity Revere Street Trust</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTOR MFG CO LTD</name>
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        <title>TAIWAN SEMIC MFG CO LTD SP ADR</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ELEMENT LABS LTD</name>
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        <name>RETYM INC</name>
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        <name>CELESTIAL AI INC</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>NVIDIA CORP</name>
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        <title>NVIDIA CORP</title>
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      <invstOrSec>
        <name>CELESTIAL AI INC</name>
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        <title>CELESTIAL AI INC SER C-1 PC PP</title>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELESTIAL AI INC</name>
        <lei>N/A</lei>
        <title>CELESTIAL AI INC SER B PC PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="LAP630000"/>
        </identifiers>
        <balance>18753.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318613.47000000</valUSD>
        <pctVal>0.008965413377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMPOWER SEMICONDUCTOR INC</name>
        <lei>N/A</lei>
        <title>EMPOWER SEMICONDUCTOR INC SER D PC PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="LHY407000"/>
        </identifiers>
        <balance>248000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1986480.00000000</valUSD>
        <pctVal>0.055897242403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTEGRIS INC</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>ENTEGRIS INC</title>
        <cusip>29362U104</cusip>
        <identifiers>
          <isin value="US29362U1043"/>
        </identifiers>
        <balance>83900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6582794.00000000</valUSD>
        <pctVal>0.185232185528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
