Disciplined Growth - Schedule of Investments | ||
SEPTEMBER 30, 2023 (UNAUDITED) |
Shares | Value ($) | |||||||
COMMON STOCKS — 99.6% | ||||||||
Air Freight and Logistics — 0.8% | ||||||||
CH Robinson Worldwide, Inc. | 23,503 | 2,024,313 | ||||||
Expeditors International of Washington, Inc. | 44,396 | 5,089,114 | ||||||
7,113,427 | ||||||||
Automobiles — 2.2% | ||||||||
Tesla, Inc.(1) | 74,622 | 18,671,917 | ||||||
Beverages — 0.5% | ||||||||
Monster Beverage Corp.(1) | 89,452 | 4,736,483 | ||||||
Biotechnology — 3.0% | ||||||||
Exelixis, Inc.(1) | 203,484 | 4,446,125 | ||||||
Neurocrine Biosciences, Inc.(1) | 25,706 | 2,891,925 | ||||||
Regeneron Pharmaceuticals, Inc.(1) | 2,689 | 2,212,940 | ||||||
Vertex Pharmaceuticals, Inc.(1) | 46,270 | 16,089,930 | ||||||
25,640,920 | ||||||||
Broadline Retail — 4.1% | ||||||||
Amazon.com, Inc.(1) | 275,320 | 34,998,678 | ||||||
Building Products — 0.5% | ||||||||
Builders FirstSource, Inc.(1) | 21,436 | 2,668,568 | ||||||
Lennox International, Inc. | 4,075 | 1,525,843 | ||||||
4,194,411 | ||||||||
Capital Markets — 0.8% | ||||||||
LPL Financial Holdings, Inc. | 12,241 | 2,909,074 | ||||||
Moody's Corp. | 11,784 | 3,725,747 | ||||||
6,634,821 | ||||||||
Commercial Services and Supplies — 0.5% | ||||||||
Copart, Inc.(1) | 27,956 | 1,204,624 | ||||||
Rollins, Inc. | 87,276 | 3,258,013 | ||||||
4,462,637 | ||||||||
Communications Equipment — 0.4% | ||||||||
Arista Networks, Inc.(1) | 19,184 | 3,528,513 | ||||||
Consumer Staples Distribution & Retail — 2.4% | ||||||||
Costco Wholesale Corp. | 36,049 | 20,366,243 | ||||||
Electrical Equipment† | ||||||||
Schneider Electric SE | 2,734 | 450,542 | ||||||
Entertainment — 1.4% | ||||||||
Electronic Arts, Inc. | 54,828 | 6,601,291 | ||||||
Netflix, Inc.(1) | 13,983 | 5,279,981 | ||||||
11,881,272 | ||||||||
Financial Services — 4.2% | ||||||||
Mastercard, Inc., Class A | 53,232 | 21,075,081 | ||||||
Shift4 Payments, Inc., Class A(1) | 35,885 | 1,986,953 | ||||||
Visa, Inc., Class A | 58,195 | 13,385,432 | ||||||
36,447,466 | ||||||||
Food Products — 0.2% | ||||||||
Hershey Co. | 9,801 | 1,960,984 | ||||||
Ground Transportation — 1.0% | ||||||||
Uber Technologies, Inc.(1) | 186,956 | 8,598,106 | ||||||
Health Care Equipment and Supplies — 1.2% | ||||||||
Abbott Laboratories | 61,615 | 5,967,413 |
IDEXX Laboratories, Inc.(1) | 9,188 | 4,017,637 | ||||||
9,985,050 | ||||||||
Health Care Providers and Services — 2.4% | ||||||||
Humana, Inc. | 11,572 | 5,630,009 | ||||||
Molina Healthcare, Inc.(1) | 9,919 | 3,252,341 | ||||||
UnitedHealth Group, Inc. | 24,111 | 12,156,525 | ||||||
21,038,875 | ||||||||
Health Care Technology — 0.9% | ||||||||
Veeva Systems, Inc., Class A(1) | 39,683 | 8,073,506 | ||||||
Hotels, Restaurants and Leisure — 3.8% | ||||||||
Airbnb, Inc., Class A(1) | 15,551 | 2,133,753 | ||||||
Booking Holdings, Inc.(1) | 4,129 | 12,733,630 | ||||||
Domino's Pizza, Inc. | 4,728 | 1,790,919 | ||||||
Expedia Group, Inc.(1) | 44,241 | 4,559,920 | ||||||
Starbucks Corp. | 116,413 | 10,625,014 | ||||||
Wingstop, Inc. | 6,280 | 1,129,395 | ||||||
32,972,631 | ||||||||
Household Products — 1.1% | ||||||||
Clorox Co. | 13,068 | 1,712,692 | ||||||
Colgate-Palmolive Co. | 105,658 | 7,513,340 | ||||||
9,226,032 | ||||||||
Industrial Conglomerates — 0.1% | ||||||||
Siemens AG | 4,971 | 710,399 | ||||||
Insurance — 1.4% | ||||||||
Aon PLC, Class A | 15,899 | 5,154,774 | ||||||
Kinsale Capital Group, Inc. | 2,470 | 1,022,901 | ||||||
Marsh & McLennan Cos., Inc. | 30,678 | 5,838,023 | ||||||
12,015,698 | ||||||||
Interactive Media and Services — 10.3% | ||||||||
Alphabet, Inc., Class A(1) | 326,091 | 42,672,268 | ||||||
Alphabet, Inc., Class C(1) | 63,687 | 8,397,131 | ||||||
Match Group, Inc.(1) | 43,524 | 1,705,053 | ||||||
Meta Platforms, Inc., Class A(1) | 114,072 | 34,245,555 | ||||||
Pinterest, Inc., Class A(1) | 61,347 | 1,658,209 | ||||||
88,678,216 | ||||||||
IT Services — 0.5% | ||||||||
Accenture PLC, Class A | 14,416 | 4,427,298 | ||||||
Life Sciences Tools and Services — 0.4% | ||||||||
Mettler-Toledo International, Inc.(1) | 3,436 | 3,807,329 | ||||||
Machinery — 0.1% | ||||||||
Otis Worldwide Corp. | 10,118 | 812,577 | ||||||
Oil, Gas and Consumable Fuels — 1.3% | ||||||||
Cheniere Energy, Inc. | 26,257 | 4,357,612 | ||||||
Marathon Petroleum Corp. | 48,138 | 7,285,205 | ||||||
11,642,817 | ||||||||
Pharmaceuticals — 2.1% | ||||||||
Eli Lilly & Co. | 16,973 | 9,116,708 | ||||||
Merck & Co., Inc. | 83,416 | 8,587,677 | ||||||
17,704,385 | ||||||||
Semiconductors and Semiconductor Equipment — 9.0% | ||||||||
Advanced Micro Devices, Inc.(1) | 25,205 | 2,591,578 | ||||||
Applied Materials, Inc. | 46,195 | 6,395,698 | ||||||
Broadcom, Inc. | 13,929 | 11,569,149 |
Enphase Energy, Inc.(1) | 16,953 | 2,036,903 | ||||||
KLA Corp. | 9,084 | 4,166,467 | ||||||
Microchip Technology, Inc. | 94,407 | 7,368,466 | ||||||
Monolithic Power Systems, Inc. | 5,881 | 2,717,022 | ||||||
NVIDIA Corp. | 87,120 | 37,896,329 | ||||||
ON Semiconductor Corp.(1) | 9,510 | 883,955 | ||||||
Power Integrations, Inc. | 25,061 | 1,912,405 | ||||||
77,537,972 | ||||||||
Software — 21.3% | ||||||||
Adobe, Inc.(1) | 42,361 | 21,599,874 | ||||||
AppLovin Corp., Class A(1) | 36,650 | 1,464,534 | ||||||
Atlassian Corp., Class A(1) | 6,221 | 1,253,594 | ||||||
Autodesk, Inc.(1) | 27,849 | 5,762,237 | ||||||
Cadence Design Systems, Inc.(1) | 26,494 | 6,207,544 | ||||||
Crowdstrike Holdings, Inc., Class A(1) | 11,656 | 1,950,981 | ||||||
Fair Isaac Corp.(1) | 5,910 | 5,133,012 | ||||||
Fortinet, Inc.(1) | 111,060 | 6,517,001 | ||||||
Intuit, Inc. | 21,544 | 11,007,691 | ||||||
Microsoft Corp. | 288,095 | 90,965,996 | ||||||
Palo Alto Networks, Inc.(1) | 7,087 | 1,661,476 | ||||||
Salesforce, Inc.(1) | 56,212 | 11,398,669 | ||||||
ServiceNow, Inc.(1) | 31,539 | 17,629,040 | ||||||
Synopsys, Inc.(1) | 2,118 | 972,099 | ||||||
183,523,748 | ||||||||
Specialty Retail — 5.2% | ||||||||
Home Depot, Inc. | 10,917 | 3,298,681 | ||||||
Lowe's Cos., Inc. | 42,877 | 8,911,555 | ||||||
O'Reilly Automotive, Inc.(1) | 9,937 | 9,031,342 | ||||||
Ross Stores, Inc. | 55,939 | 6,318,310 | ||||||
TJX Cos., Inc. | 135,268 | 12,022,620 | ||||||
Ulta Beauty, Inc.(1) | 12,114 | 4,838,937 | ||||||
44,421,445 | ||||||||
Technology Hardware, Storage and Peripherals — 13.8% | ||||||||
Apple, Inc. | 655,233 | 112,182,442 | ||||||
Pure Storage, Inc., Class A(1) | 190,607 | 6,789,421 | ||||||
118,971,863 | ||||||||
Textiles, Apparel and Luxury Goods — 1.3% | ||||||||
Crocs, Inc.(1) | 29,894 | 2,637,547 | ||||||
Deckers Outdoor Corp.(1) | 5,013 | 2,577,133 | ||||||
lululemon athletica, Inc.(1) | 5,139 | 1,981,650 | ||||||
NIKE, Inc., Class B | 43,943 | 4,201,830 | ||||||
11,398,160 | ||||||||
Trading Companies and Distributors — 1.4% | ||||||||
Fastenal Co. | 79,555 | 4,346,885 | ||||||
Watsco, Inc. | 13,418 | 5,068,247 | ||||||
WW Grainger, Inc. | 3,380 | 2,338,419 | ||||||
11,753,551 | ||||||||
TOTAL COMMON STOCKS (Cost $518,035,008) | 858,387,972 | |||||||
SHORT-TERM INVESTMENTS — 0.4% | ||||||||
Money Market Funds† | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class | 8,563 | 8,563 | ||||||
Repurchase Agreements — 0.4% | ||||||||
BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 2.50% - 3.00%, 11/15/44 - 2/15/47, valued at $547,003), in a joint trading account at 5.25%, dated 9/29/23, due 10/2/23 (Delivery value $533,909) | 533,676 |
Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 0.125%, 1/15/30, valued at $3,537,450), at 5.29%, dated 9/29/23, due 10/2/23 (Delivery value $3,469,529) | 3,468,000 | |||||||
4,001,676 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,010,239) | 4,010,239 | |||||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $522,045,247) | 862,398,211 | |||||||
OTHER ASSETS AND LIABILITIES† | (295,013) | |||||||
TOTAL NET ASSETS — 100.0% | $ | 862,103,198 |
NOTES TO SCHEDULE OF INVESTMENTS |
Level 1 | Level 2 | Level 3 | |||||||||
Assets | |||||||||||
Investment Securities | |||||||||||
Common Stocks | $ | 857,227,031 | $ | 1,160,941 | — | ||||||
Short-Term Investments | 8,563 | 4,001,676 | — | ||||||||
$ | 857,235,594 | $ | 5,162,617 | — |