Shares
Market
Value
COMMON
STOCKS
—
97.5%
CONSUMER
DISCRETIONARY
—
18.7%
56,000
Amazon.com
Inc.†
...................................
$
7,118,720
350
Booking
Holdings
Inc.†
............................
1,079,383
1,640
Chipotle
Mexican
Grill
Inc.†
......................
3,004,201
2,000
Christian
Dior
SE
......................................
1,469,477
3,500
Lululemon
Athletica
Inc.†
.........................
1,349,635
8,135
LVMH
Moet
Hennessy
Louis
Vuitton
SE
....
6,140,547
33,000
Mobileye
Global
Inc.,
Cl. A†
......................
1,371,150
34,400
On
Holding
AG,
Cl. A†
..............................
957,008
10,275
Tesla
Inc.†
................................................
2,571,011
25,061,132
INFORMATION
TECHNOLOGY
-
SOFTWARE
AND
SERVICES
—
16.4%
7,000
Adobe
Inc.†
..............................................
3,569,300
4,330
Cadence
Design
Systems
Inc.†
.................
1,014,519
13,700
CrowdStrike
Holdings
Inc.,
Cl. A†
.............
2,293,106
59,800
FANUC
Corp.
............................................
1,555,245
3,460
Intuit
Inc.
.................................................
1,767,852
24,400
Microsoft
Corp.
........................................
7,704,300
4,880
Palo
Alto
Networks
Inc.†
..........................
1,144,067
5,300
ServiceNow
Inc.†
.....................................
2,962,488
22,010,877
INFORMATION
TECHNOLOGY
-
SEMICONDUCTORS,
HARDWARE,
AND
EQUIPMENT
—
15.3%
27,840
Apple
Inc.
................................................
4,766,486
3,550
ASML
Holding
NV
....................................
2,089,743
10,430
Eaton
Corp.
plc
.........................................
2,224,510
9,600
Keyence
Corp.
..........................................
3,550,329
8,500
Lasertec
Corp.
..........................................
1,321,856
17,500
Lattice
Semiconductor
Corp.†
...................
1,503,775
11,650
NVIDIA
Corp.
...........................................
5,067,634
20,524,333
COMMUNICATION
SERVICES
—
13.7%
16,200
Alphabet
Inc.,
Cl. A†
.................................
2,119,932
40,020
Alphabet
Inc.,
Cl. C†
.................................
5,276,637
20,000
Meta
Platforms
Inc.,
Cl. A†
.......................
6,004,200
12,800
Netflix
Inc.†
..............................................
4,833,280
800
Spotify
Technology
SA†
............................
123,712
18,357,761
HEALTH
CARE
—
12.5%
4,100
Danaher
Corp.
..........................................
1,017,210
5,370
Eli
Lilly
&
Co.
...........................................
2,884,388
7,950
Intuitive
Surgical
Inc.†
..............................
2,323,706
34,600
Novo
Nordisk
A/S,
ADR
............................
3,146,524
3,450
Thermo
Fisher
Scientific
Inc.
.....................
1,746,286
6,100
UnitedHealth
Group
Inc.
...........................
3,075,559
14,600
Zoetis
Inc.
................................................
2,540,108
16,733,781
Shares
Market
Value
FINANCIALS
—
12.3%
7,950
Aon
plc,
Cl. A
...........................................
$
2,577,549
9,605
Chubb
Ltd.
...............................................
1,999,569
169,000
Investor
AB,
Cl. B
.....................................
3,235,423
7,500
Mastercard
Inc.,
Cl. A
...............................
2,969,325
5,190
S&P
Global
Inc.
........................................
1,896,478
17,000
Visa
Inc.,
Cl. A
..........................................
3,910,170
16,588,514
CONSUMER
STAPLES
—
4.2%
13,500
L'Oreal
SA
................................................
5,594,563
MATERIALS
—
2.3%
5,065
Linde
plc
..................................................
1,885,953
4,920
The
Sherwin-Williams
Co.
.........................
1,254,846
3,140,799
INDUSTRIALS
—
2.1%
800
Daikin
Industries
Ltd.
...............................
125,417
13,100
Trane
Technologies
plc
.............................
2,658,121
2,783,538
TOTAL
COMMON
STOCKS
..................
130,795,298
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
2.5%
$
3,460,000
U.S.
Treasury
Bills,
5.368%
to
5.387%††,
12/14/23
to
12/28/23
............................
3,420,380
TOTAL
INVESTMENTS
—
100.0%
(Cost
$77,078,898)
...............................
$
134,215,678
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
Geographic
Diversification
%
of
Market
Value
Market
Value
United
States
........................
72.7
%
$
97,527,359
Europe
..............................
21.4
28,785,837
Japan
...............................
4.9
6,552,847
Canada
..............................
1.0
1,349,635
100.0%
$
134,215,678