KAMES CAPITAL plc Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GE	GENERAL ELECTRIC COMPANY	179,788	$55,382	0.7%	$300.80	0.0%	COMMON STOCK USD	369604301
QCOM	QUALCOMM INC	300,236	$51,352	0.6%	$170.79	0.0%	COMMON STOCK USD	747525103
DLTR	DOLLAR TREE INC	308,912	$37,990	0.5%	$107.15	0.0%	COMMON STOCK USD	256746108
BF/B	BROWN-FORMAN CORP	732,913	$19,107	0.2%	$27.98	0.0%	COMMON STOCK USD	115637209
PLD	PROLOGIS INC	147,056	$18,776	0.2%	$123.86	0.0%	REIT USD	74340W103
EPAM	EPAM SYSTEMS INC	66,836	$13,690	0.2%	$178.28	0.0%	COMMON STOCK USD	29414B104
CARG	CARGURUS INC	55,100	$2,113	0.0%	$36.04	0.0%	COMMON STOCK USD	141788109
HURN	HURON CONSULTING GROUP INC	11,900	$2,054	0.0%	$163.70	0.0%	COMMON STOCK USD	447462102
OUT	OUTFRONT MEDIA INC	84,800	$2,044	0.0%	$24.10	—	REIT USD	69007J304
AYI	ACUITY INC	5,603	$2,019	0.0%	$361.21	0.0%	COMMON STOCK USD	00508Y102
DCI	DONALDSON CO INC	22,600	$2,004	0.0%	$86.42	0.0%	COMMON STOCK USD	257651109
DGII	DIGI INTERNATIONAL INC	46,200	$2,000	0.0%	$40.05	0.0%	COMMON STOCK USD	253798102
EQT	EQT CORP	35,700	$1,914	0.0%	$56.13	0.0%	COMMON STOCK USD	26884L109
ETSY	ETSY INC	4,833	$268	0.0%	$61.02	0.0%	COMMON STOCK USD	29786A106

Increased Positions (45)

GOOGL ALPHABET INC 3.8%

Value ($000) $317,550 (+35.1%) Shares 1,014,714 (+4.9%) Est. Cost $212.79 Unrealized +34.2%

AMZN AMAZON.COM INC 4.6%

Value ($000) $386,361 (+19.2%) Shares 1,673,860 (+13.4%) Est. Cost $226.64 Unrealized +0.9%

DHR DANAHER CORP 0.9%

Value ($000) $75,136 (+109.3%) Shares 328,147 (+81.1%) Est. Cost $207.85 Unrealized +5.6%

AAPL APPLE INC 5.5%

Value ($000) $465,489 (+8.3%) Shares 1,712,364 (+1.4%) Est. Cost $225.14 Unrealized +19.2%

LLY ELI LILLY CO 0.9%

Value ($000) $72,391 (+90.5%) Shares 67,329 (+35.1%) Est. Cost $797.61 Unrealized +19.8%

MRK MERCK CO INC 1.6%

Value ($000) $136,824 (+30.0%) Shares 1,299,758 (+3.0%) Est. Cost $73.34 Unrealized +27.1%

PEP PEPSICO INC 0.8%

Value ($000) $70,582 (+61.9%) Shares 491,875 (+58.3%) Est. Cost $142.45 Unrealized +2.4%

SHOP SHOPIFY INC 0.8%

Value ($000) $69,300 (+62.5%) Shares 430,609 (+49.7%) Est. Cost $143.87 Unrealized +11.6%

CMI CUMMINS INC 1.2%

Value ($000) $103,917 (+34.2%) Shares 203,604 (+11.0%) Est. Cost $355.06 Unrealized +31.3%

BMY BRISTOL-MYERS SQUIBB CO 0.4%

Value ($000) $32,946 (+260.8%) Shares 610,679 (+201.5%) Est. Cost $46.86 Unrealized +1.4%

KLAC KLA CORP 1.5%

Value ($000) $123,925 (+23.3%) Shares 102,019 (+9.2%) Est. Cost $950.70 Unrealized +23.3%

ORA ORMAT TECHNOLOGIES INC 0.4%

Value ($000) $32,549 (+132.4%) Shares 294,748 (+102.6%) Est. Cost $99.80 Unrealized +9.5%

BIIB BIOGEN INC 0.5%

Value ($000) $45,786 (+67.1%) Shares 260,162 (+33.0%) Est. Cost $142.17 Unrealized +14.9%

CCK CROWN HOLDINGS INC 0.4%

Value ($000) $33,648 (+117.5%) Shares 326,810 (+104.1%) Est. Cost $98.62 Unrealized -1.3%

NOW SERVICENOW INC 0.7%

Value ($000) $55,508 (-23.6%) Shares 362,441 (+359.0%) Est. Cost $174.86 Unrealized -1.9%

LRCX LAM RESEARCH CORP 0.4%

Value ($000) $36,728 (+74.7%) Shares 214,693 (+36.7%) Est. Cost $118.90 Unrealized +30.7%

AMD ADVANCED MICRO DEVICES INC 0.5%

Value ($000) $38,240 (+41.1%) Shares 178,600 (+6.6%) Est. Cost $165.28 Unrealized +35.9%

APH AMPHENOL CORP 0.4%

Value ($000) $36,307 (+38.7%) Shares 268,644 (+27.0%) Est. Cost $114.53 Unrealized +16.6%

PLTR PALANTIR TECHNOLOGIES INC 0.5%

Value ($000) $37,889 (+36.5%) Shares 213,173 (+40.0%) Est. Cost $167.49 Unrealized +8.1%

STLD STEEL DYNAMICS INC 0.6%

Value ($000) $47,415 (+26.2%) Shares 279,893 (+3.8%) Est. Cost $131.43 Unrealized +20.5%

ITT ITT INC 0.4%

Value ($000) $29,449 (+48.8%) Shares 169,781 (+53.5%) Est. Cost $171.75 Unrealized +4.3%

WMT WALMART INC 0.6%

Value ($000) $48,358 (+21.5%) Shares 434,136 (+12.4%) Est. Cost $87.75 Unrealized +22.2%

FDX FEDEX CORP 0.3%

Value ($000) $27,048 (+40.1%) Shares 93,599 (+14.3%) Est. Cost $232.45 Unrealized +12.5%

AVY AVERY DENNISON CORP 0.5%

Value ($000) $38,837 (+23.3%) Shares 213,450 (+9.9%) Est. Cost $170.84 Unrealized +0.9%

VCYT VERACYTE INC 0.2%

Value ($000) $20,604 (+46.5%) Shares 489,418 (+19.5%) Est. Cost $30.58 Unrealized +31.8%

APA APA CORP 0.2%

Value ($000) $20,454 (+46.1%) Shares 836,211 (+44.9%) Est. Cost $21.85 Unrealized +10.4%

NFLX NETFLIX INC 0.7%

Value ($000) $56,031 (-9.9%) Shares 597,660 (+1051.7%) Est. Cost $109.05 Unrealized -1.1%

SLB SLB LTD 0.6%

Value ($000) $47,934 (+14.3%) Shares 1,249,252 (+2.4%) Est. Cost $37.39 Unrealized -3.6%

CDNS CADENCE DESIGN SYSTEMS INC 0.6%

Value ($000) $49,076 (-9.9%) Shares 157,037 (+1.2%) Est. Cost $343.81 Unrealized -5.1%

ANET ARISTA NETWORKS INC 0.6%

Value ($000) $47,420 (+12.3%) Shares 362,043 (+25.0%) Est. Cost $130.55 Unrealized +5.4%

WTS WATTS WATER TECHNOLOGIES INC 0.2%

Value ($000) $19,396 (+28.4%) Shares 70,333 (+30.1%) Est. Cost $269.90 Unrealized +2.2%

CEG CONSTELLATION ENERGY CORP 0.3%

Value ($000) $25,084 (+20.4%) Shares 71,006 (+12.1%) Est. Cost $326.61 Unrealized +11.2%

XYL XYLEM INC/NY 0.7%

Value ($000) $58,931 (-4.4%) Shares 432,870 (+3.6%) Est. Cost $138.25 Unrealized +3.9%

PLNT PLANET FITNESS INC 0.2%

Value ($000) $14,706 (+11.3%) Shares 135,589 (+6.5%) Est. Cost $106.10 Unrealized -3.0%

PKG PACKAGING CORP OF AMERICA 0.1%

Value ($000) $10,030 (-4.1%) Shares 48,619 (+1.2%) Est. Cost $203.99 Unrealized -0.8%

SYK STRYKER CORP 0.1%

Value ($000) $11,751 (-3.4%) Shares 33,441 (+1.6%) Est. Cost $384.19 Unrealized -5.4%

CRM SALESFORCE INC 0.0%

Value ($000) $865 (+33.7%) Shares 3,265 (+19.6%) Est. Cost $250.89 Unrealized -1.1%

MCK MCKESSON CORP 0.0%

Value ($000) $863 (+30.0%) Shares 1,052 (+22.5%) Est. Cost $723.67 Unrealized +12.7%

SPGI SP GLOBAL INC 0.0%

Value ($000) $750 (+32.5%) Shares 1,435 (+23.3%) Est. Cost $526.36 Unrealized -6.1%

CBOE CBOE GLOBAL MARKETS INC 0.0%

Value ($000) $716 (+32.3%) Shares 2,853 (+29.2%) Est. Cost $242.17 Unrealized +2.7%

PM PHILIP MORRIS INTERNATIONAL INC 0.0%

Value ($000) $517 (+38.1%) Shares 3,223 (+39.6%) Est. Cost $78.98 Unrealized +94.4%

MSCI MSCI INC 0.0%

Value ($000) $652 (+24.9%) Shares 1,136 (+23.5%) Est. Cost $562.12 Unrealized -0.4%

FTNT FORTINET INC 0.0%

Value ($000) $663 (+20.5%) Shares 8,347 (+27.6%) Est. Cost $87.87 Unrealized -5.6%

INTU INTUIT INC 0.0%

Value ($000) $623 (+21.9%) Shares 940 (+25.7%) Est. Cost $707.44 Unrealized -6.6%

WM WASTE MANAGEMENT INC 0.0%

Value ($000) $586 (+21.2%) Shares 2,666 (+21.8%) Est. Cost $221.69 Unrealized -4.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	1,014,714 (+4.9%)	$317,550 (+35.1%)	3.8%	$212.79	+34.2%	COMMON STOCK USD	02079K305
AMZN	AMAZON.COM INC	1,673,860 (+13.4%)	$386,361 (+19.2%)	4.6%	$226.64	+0.9%	COMMON STOCK USD	023135106
DHR	DANAHER CORP	328,147 (+81.1%)	$75,136 (+109.3%)	0.9%	$207.85	+5.6%	COMMON STOCK USD	235851102
AAPL	APPLE INC	1,712,364 (+1.4%)	$465,489 (+8.3%)	5.5%	$225.14	+19.2%	COMMON STOCK USD	037833100
LLY	ELI LILLY CO	67,329 (+35.1%)	$72,391 (+90.5%)	0.9%	$797.61	+19.8%	COMMON STOCK USD	532457108
MRK	MERCK CO INC	1,299,758 (+3.0%)	$136,824 (+30.0%)	1.6%	$73.34	+27.1%	COMMON STOCK USD	58933Y105
PEP	PEPSICO INC	491,875 (+58.3%)	$70,582 (+61.9%)	0.8%	$142.45	+2.4%	COMMON STOCK USD	713448108
SHOP	SHOPIFY INC	430,609 (+49.7%)	$69,300 (+62.5%)	0.8%	$143.87	+11.6%	COMMON STOCK CAD	82509L107
CMI	CUMMINS INC	203,604 (+11.0%)	$103,917 (+34.2%)	1.2%	$355.06	+31.3%	COMMON STOCK USD	231021106
BMY	BRISTOL-MYERS SQUIBB CO	610,679 (+201.5%)	$32,946 (+260.8%)	0.4%	$46.86	+1.4%	COMMON STOCK USD	110122108
KLAC	KLA CORP	102,019 (+9.2%)	$123,925 (+23.3%)	1.5%	$950.70	+23.3%	COMMON STOCK USD	482480100
ORA	ORMAT TECHNOLOGIES INC	294,748 (+102.6%)	$32,549 (+132.4%)	0.4%	$99.80	+9.5%	COMMON STOCK USD	686688102
BIIB	BIOGEN INC	260,162 (+33.0%)	$45,786 (+67.1%)	0.5%	$142.17	+14.9%	COMMON STOCK USD	09062X103
CCK	CROWN HOLDINGS INC	326,810 (+104.1%)	$33,648 (+117.5%)	0.4%	$98.62	-1.3%	COMMON STOCK USD	228368106
NOW	SERVICENOW INC	362,441 (+359.0%)	$55,508 (-23.6%)	0.7%	$174.86	-1.9%	COMMON STOCK USD	81762P102
LRCX	LAM RESEARCH CORP	214,693 (+36.7%)	$36,728 (+74.7%)	0.4%	$118.90	+30.7%	COMMON STOCK USD	512807306
AMD	ADVANCED MICRO DEVICES INC	178,600 (+6.6%)	$38,240 (+41.1%)	0.5%	$165.28	+35.9%	COMMON STOCK USD	007903107
APH	AMPHENOL CORP	268,644 (+27.0%)	$36,307 (+38.7%)	0.4%	$114.53	+16.6%	COMMON STOCK USD	032095101
PLTR	PALANTIR TECHNOLOGIES INC	213,173 (+40.0%)	$37,889 (+36.5%)	0.5%	$167.49	+8.1%	COMMON STOCK USD	69608A108
STLD	STEEL DYNAMICS INC	279,893 (+3.8%)	$47,415 (+26.2%)	0.6%	$131.43	+20.5%	COMMON STOCK USD	858119100
ITT	ITT INC	169,781 (+53.5%)	$29,449 (+48.8%)	0.4%	$171.75	+4.3%	COMMON STOCK USD	45073V108
WMT	WALMART INC	434,136 (+12.4%)	$48,358 (+21.5%)	0.6%	$87.75	+22.2%	COMMON STOCK USD	931142103
FDX	FEDEX CORP	93,599 (+14.3%)	$27,048 (+40.1%)	0.3%	$232.45	+12.5%	COMMON STOCK USD	31428X106
AVY	AVERY DENNISON CORP	213,450 (+9.9%)	$38,837 (+23.3%)	0.5%	$170.84	+0.9%	COMMON STOCK USD	053611109
VCYT	VERACYTE INC	489,418 (+19.5%)	$20,604 (+46.5%)	0.2%	$30.58	+31.8%	COMMON STOCK USD	92337F107
APA	APA CORP	836,211 (+44.9%)	$20,454 (+46.1%)	0.2%	$21.85	+10.4%	COMMON STOCK USD	03743Q108
NFLX	NETFLIX INC	597,660 (+1051.7%)	$56,031 (-9.9%)	0.7%	$109.05	-1.1%	COMMON STOCK USD	64110L106
SLB	SLB LTD	1,249,252 (+2.4%)	$47,934 (+14.3%)	0.6%	$37.39	-3.6%	COMMON STOCK USD	806857108
CDNS	CADENCE DESIGN SYSTEMS INC	157,037 (+1.2%)	$49,076 (-9.9%)	0.6%	$343.81	-5.1%	COMMON STOCK USD	127387108
ANET	ARISTA NETWORKS INC	362,043 (+25.0%)	$47,420 (+12.3%)	0.6%	$130.55	+5.4%	COMMON STOCK USD	040413205
WTS	WATTS WATER TECHNOLOGIES INC	70,333 (+30.1%)	$19,396 (+28.4%)	0.2%	$269.90	+2.2%	COMMON STOCK USD	942749102
CEG	CONSTELLATION ENERGY CORP	71,006 (+12.1%)	$25,084 (+20.4%)	0.3%	$326.61	+11.2%	COMMON STOCK USD	21037T109
XYL	XYLEM INC/NY	432,870 (+3.6%)	$58,931 (-4.4%)	0.7%	$138.25	+3.9%	COMMON STOCK USD	98419M100
PLNT	PLANET FITNESS INC	135,589 (+6.5%)	$14,706 (+11.3%)	0.2%	$106.10	-3.0%	COMMON STOCK USD	72703H101
PKG	PACKAGING CORP OF AMERICA	48,619 (+1.2%)	$10,030 (-4.1%)	0.1%	$203.99	-0.8%	COMMON STOCK USD	695156109
SYK	STRYKER CORP	33,441 (+1.6%)	$11,751 (-3.4%)	0.1%	$384.19	-5.4%	COMMON STOCK USD	863667101
CRM	SALESFORCE INC	3,265 (+19.6%)	$865 (+33.7%)	0.0%	$250.89	-1.1%	COMMON STOCK USD	79466L302
MCK	MCKESSON CORP	1,052 (+22.5%)	$863 (+30.0%)	0.0%	$723.67	+12.7%	COMMON STOCK USD	58155Q103
SPGI	SP GLOBAL INC	1,435 (+23.3%)	$750 (+32.5%)	0.0%	$526.36	-6.1%	COMMON STOCK USD	78409V104
CBOE	CBOE GLOBAL MARKETS INC	2,853 (+29.2%)	$716 (+32.3%)	0.0%	$242.17	+2.7%	COMMON STOCK USD	12503M108
PM	PHILIP MORRIS INTERNATIONAL INC	3,223 (+39.6%)	$517 (+38.1%)	0.0%	$78.98	+94.4%	COMMON STOCK USD	718172109
MSCI	MSCI INC	1,136 (+23.5%)	$652 (+24.9%)	0.0%	$562.12	-0.4%	COMMON STOCK USD	55354G100
FTNT	FORTINET INC	8,347 (+27.6%)	$663 (+20.5%)	0.0%	$87.87	-5.6%	COMMON STOCK USD	34959E109
INTU	INTUIT INC	940 (+25.7%)	$623 (+21.9%)	0.0%	$707.44	-6.6%	COMMON STOCK USD	461202103
WM	WASTE MANAGEMENT INC	2,666 (+21.8%)	$586 (+21.2%)	0.0%	$221.69	-4.1%	COMMON STOCK USD	94106L109

Exited Positions (8)

TMUS T-MOBILE US INC 0.3%

Value ($000) $27,341 Shares 114,245 Est. Cost $240.31 Unrealized -12.1%

KIM KIMCO REALTY CORP 0.2%

Value ($000) $14,728 Shares 674,070 Est. Cost $21.29 Unrealized -3.4%

TTEK TETRA TECH INC 0.1%

Value ($000) $11,403 Shares 341,807 Est. Cost $36.35 Unrealized -7.0%

DOV DOVER CORP 0.1%

Value ($000) $11,220 Shares 67,286 Est. Cost $117.82 Unrealized +54.3%

DSGX DESCARTES SYSTEMS GROUP INC/THE 0.1%

Value ($000) $10,624 Shares 113,237 Est. Cost $102.22 Unrealized -12.6%

CDW CDW CORP/DE 0.1%

Value ($000) $7,836 Shares 49,213 Est. Cost $168.81 Unrealized -12.9%

TU TELUS CORP 0.1%

Value ($000) $7,719 Shares 489,791 Est. Cost $16.22 Unrealized -13.2%

RELX RELX PLC 0.1%

Value ($000) $7,700 Shares 161,231 Est. Cost $47.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMUS	T-MOBILE US INC	114,245	$27,341	0.3%	$240.31	-12.1%	—	872590104
KIM	KIMCO REALTY CORP	674,070	$14,728	0.2%	$21.29	-3.4%	—	49446R109
TTEK	TETRA TECH INC	341,807	$11,403	0.1%	$36.35	-7.0%	—	88162G103
DOV	DOVER CORP	67,286	$11,220	0.1%	$117.82	+54.3%	—	260003108
DSGX	DESCARTES SYSTEMS GROUP INC/THE	113,237	$10,624	0.1%	$102.22	-12.6%	—	249906108
CDW	CDW CORP/DE	49,213	$7,836	0.1%	$168.81	-12.9%	—	12514G108
TU	TELUS CORP	489,791	$7,719	0.1%	$16.22	-13.2%	—	87971M103
RELX	RELX PLC	161,231	$7,700	0.1%	$47.76	—	—	759530108

Decreased Positions (82)

META META PLATFORMS INC 2.5%

Value ($000) $211,639 (-38.1%) Shares 320,747 (-31.1%) Est. Cost $743.23 Unrealized -10.2%

MSFT MICROSOFT CORP 8.0%

Value ($000) $670,246 (-8.3%) Shares 1,385,946 (-1.8%) Est. Cost $508.71 Unrealized -1.6%

AMT AMERICAN TOWER CORP 0.1%

Value ($000) $8,798 (-83.5%) Shares 50,112 (-81.9%) Est. Cost $204.56 Unrealized -11.9%

GOOG ALPHABET INC 2.8%

Value ($000) $234,246 (+20.3%) Shares 746,507 (-6.6%) Est. Cost $209.93 Unrealized +36.4%

MU MICRON TECHNOLOGY INC 1.2%

Value ($000) $102,985 (+61.2%) Shares 360,957 (-5.5%) Est. Cost $127.82 Unrealized +79.4%

NVDA NVIDIA CORP 6.8%

Value ($000) $572,477 (-5.6%) Shares 3,069,746 (-5.6%) Est. Cost $174.29 Unrealized +6.8%

AVGO BROADCOM INC 5.1%

Value ($000) $427,244 (-6.6%) Shares 1,234,774 (-11.0%) Est. Cost $305.74 Unrealized +16.8%

ADP AUTOMATIC DATA PROCESSING INC 0.7%

Value ($000) $60,840 (-30.7%) Shares 236,525 (-21.0%) Est. Cost $297.80 Unrealized -11.1%

ORCL ORACLE CORP 0.6%

Value ($000) $54,335 (-32.4%) Shares 278,711 (-2.6%) Est. Cost $254.17 Unrealized -6.3%

UBER UBER TECHNOLOGIES INC 0.4%

Value ($000) $32,625 (-44.2%) Shares 399,420 (-33.2%) Est. Cost $93.52 Unrealized -3.7%

TXN TEXAS INSTRUMENTS INC 0.9%

Value ($000) $72,705 (-25.9%) Shares 419,152 (-21.6%) Est. Cost $193.30 Unrealized -11.7%

KR KROGER CO/THE 0.1%

Value ($000) $10,588 (-70.5%) Shares 169,428 (-68.2%) Est. Cost $69.08 Unrealized -5.6%

DRI DARDEN RESTAURANTS INC 0.4%

Value ($000) $31,737 (-43.7%) Shares 172,429 (-41.6%) Est. Cost $203.79 Unrealized -10.6%

URI UNITED RENTALS INC 0.3%

Value ($000) $28,890 (-43.9%) Shares 35,689 (-33.7%) Est. Cost $888.48 Unrealized -2.4%

BKNG BOOKING HOLDINGS INC 0.0%

Value ($000) $2,907 (-88.4%) Shares 543 (-88.3%) Est. Cost $5563.60 Unrealized -7.7%

PHM PULTEGROUP INC 0.2%

Value ($000) $18,817 (-53.8%) Shares 160,501 (-47.9%) Est. Cost $123.78 Unrealized -1.1%

HD HOME DEPOT INC/THE 1.0%

Value ($000) $83,249 (-19.6%) Shares 241,885 (-5.3%) Est. Cost $389.16 Unrealized -6.3%

ULS UL SOLUTIONS INC 0.1%

Value ($000) $12,171 (-59.8%) Shares 154,334 (-63.9%) Est. Cost $68.16 Unrealized +17.8%

CL COLGATE-PALMOLIVE CO 0.6%

Value ($000) $51,466 (-25.7%) Shares 651,304 (-24.8%) Est. Cost $82.00 Unrealized -4.5%

KMB KIMBERLY-CLARK CORP 0.4%

Value ($000) $35,576 (-33.2%) Shares 352,625 (-17.7%) Est. Cost $126.80 Unrealized -14.5%

RSG REPUBLIC SERVICES INC 0.3%

Value ($000) $22,721 (-43.2%) Shares 107,242 (-38.5%) Est. Cost $233.28 Unrealized -8.0%

VEEV VEEVA SYSTEMS INC 0.1%

Value ($000) $5,654 (-74.7%) Shares 25,330 (-66.2%) Est. Cost $281.43 Unrealized -5.7%

ADSK AUTODESK INC 0.5%

Value ($000) $44,688 (-23.2%) Shares 150,974 (-17.6%) Est. Cost $304.73 Unrealized -0.7%

MELI MERCADOLIBRE INC 0.5%

Value ($000) $39,902 (-24.7%) Shares 19,810 (-12.7%) Est. Cost $2400.46 Unrealized -12.5%

CINF CINCINNATI FINANCIAL CORP 0.8%

Value ($000) $70,313 (-13.8%) Shares 430,542 (-16.7%) Est. Cost $150.23 Unrealized +7.3%

WSO WATSCO INC 0.5%

Value ($000) $38,440 (-21.3%) Shares 114,004 (-5.9%) Est. Cost $427.59 Unrealized -16.5%

TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.1%

Value ($000) $175,014 (+5.8%) Shares 576,072 (-3.0%) Est. Cost $18429.68 Unrealized —

MHK MOHAWK INDUSTRIES INC 0.1%

Value ($000) $10,627 (-47.0%) Shares 97,252 (-37.5%) Est. Cost $123.84 Unrealized -7.3%

PFGC PERFORMANCE FOOD GROUP CO 0.2%

Value ($000) $12,629 (-41.3%) Shares 140,449 (-32.0%) Est. Cost $100.10 Unrealized -3.5%

CRWD CROWDSTRIKE HOLDINGS INC 0.6%

Value ($000) $53,754 (-12.5%) Shares 114,697 (-8.5%) Est. Cost $454.77 Unrealized +12.0%

PGR PROGRESSIVE CORP/THE 0.5%

Value ($000) $45,992 (-14.0%) Shares 201,916 (-6.8%) Est. Cost $231.70 Unrealized -8.4%

MET METLIFE INC 0.8%

Value ($000) $66,663 (-9.8%) Shares 844,373 (-6.0%) Est. Cost $77.91 Unrealized +1.3%

DGX QUEST DIAGNOSTICS INC 0.2%

Value ($000) $15,715 (-30.4%) Shares 90,605 (-23.5%) Est. Cost $176.64 Unrealized +3.1%

NDAQ NASDAQ INC 0.1%

Value ($000) $11,095 (-35.4%) Shares 114,226 (-41.2%) Est. Cost $92.14 Unrealized -2.6%

DT DYNATRACE INC 0.1%

Value ($000) $9,045 (-39.6%) Shares 208,751 (-32.5%) Est. Cost $50.61 Unrealized -7.9%

NEM NEWMONT CORP 0.6%

Value ($000) $47,489 (-11.0%) Shares 475,606 (-24.9%) Est. Cost $52.49 Unrealized +71.8%

ROK ROCKWELL AUTOMATION INC 0.8%

Value ($000) $67,629 (+8.7%) Shares 173,787 (-2.4%) Est. Cost $343.44 Unrealized +9.3%

ABBV ABBVIE INC 1.4%

Value ($000) $115,031 (-4.5%) Shares 503,423 (-3.8%) Est. Cost $29.12 Unrealized +681.4%

WMS ADVANCED DRAINAGE SYSTEMS INC 0.3%

Value ($000) $22,842 (-18.8%) Shares 157,715 (-22.2%) Est. Cost $131.06 Unrealized +10.4%

BLK BLACKROCK INC 0.2%

Value ($000) $20,923 (-20.0%) Shares 19,547 (-12.9%) Est. Cost $1108.77 Unrealized -1.7%

CFG CITIZENS FINANCIAL GROUP INC 0.7%

Value ($000) $58,064 (-8.2%) Shares 994,070 (-16.5%) Est. Cost $49.19 Unrealized +8.9%

AIOT POWERFLEET INC NJ 0.1%

Value ($000) $4,662 (-52.6%) Shares 878,049 (-53.3%) Est. Cost $4.62 Unrealized +10.8%

CSCO CISCO SYSTEMS INC 0.8%

Value ($000) $67,440 (+8.2%) Shares 875,385 (-4.0%) Est. Cost $54.43 Unrealized +35.6%

COIN COINBASE GLOBAL INC 0.1%

Value ($000) $9,449 (-34.8%) Shares 41,784 (-2.7%) Est. Cost $339.07 Unrealized -12.1%

WTRG ESSENTIAL UTILITIES INC 0.4%

Value ($000) $30,754 (-14.0%) Shares 801,918 (-10.5%) Est. Cost $38.12 Unrealized +3.2%

SHW SHERWIN-WILLIAMS CO/THE 0.2%

Value ($000) $14,793 (-24.8%) Shares 45,640 (-19.7%) Est. Cost $351.39 Unrealized -4.9%

TMO THERMO FISHER SCIENTIFIC INC 0.4%

Value ($000) $34,172 (+16.3%) Shares 58,972 (-2.7%) Est. Cost $464.78 Unrealized +21.6%

DG DOLLAR GENERAL CORP 0.3%

Value ($000) $24,120 (+24.7%) Shares 181,707 (-3.0%) Est. Cost $108.94 Unrealized +2.4%

PODD INSULET CORP 0.2%

Value ($000) $18,946 (-19.5%) Shares 66,687 (-12.6%) Est. Cost $313.31 Unrealized -0.2%

CG CARLYLE GROUP INC/THE 0.2%

Value ($000) $18,104 (-20.2%) Shares 306,433 (-15.3%) Est. Cost $61.48 Unrealized -8.5%

WCC WESCO INTERNATIONAL INC 0.4%

Value ($000) $35,719 (+14.2%) Shares 146,185 (-1.2%) Est. Cost $209.31 Unrealized +17.0%

MS MORGAN STANLEY 1.5%

Value ($000) $127,270 (+3.4%) Shares 716,857 (-7.2%) Est. Cost $146.45 Unrealized +13.7%

STT STATE STREET CORP 0.7%

Value ($000) $55,738 (+7.9%) Shares 431,944 (-3.0%) Est. Cost $110.08 Unrealized +8.1%

MCO MOODY'S CORP 0.5%

Value ($000) $44,372 (-8.3%) Shares 86,856 (-14.5%) Est. Cost $502.63 Unrealized -3.0%

SF STIFEL FINANCIAL CORP 0.2%

Value ($000) $16,860 (-19.2%) Shares 134,663 (-26.8%) Est. Cost $111.58 Unrealized +7.2%

ORLY O'REILLY AUTOMOTIVE INC 0.2%

Value ($000) $14,763 (-19.5%) Shares 161,870 (-4.8%) Est. Cost $100.52 Unrealized -2.8%

JPM JPMORGAN CHASE CO. 2.4%

Value ($000) $198,997 (-1.7%) Shares 617,381 (-3.8%) Est. Cost $256.17 Unrealized +20.8%

EXPE EXPEDIA GROUP INC 0.5%

Value ($000) $44,665 (+8.5%) Shares 157,697 (-18.2%) Est. Cost $200.25 Unrealized +23.3%

COST COSTCO WHOLESALE CORP 0.4%

Value ($000) $31,567 (-9.6%) Shares 36,614 (-2.9%) Est. Cost $956.70 Unrealized -5.3%

NET CLOUDFLARE INC 0.4%

Value ($000) $30,558 (-9.5%) Shares 155,006 (-1.6%) Est. Cost $204.15 Unrealized +3.6%

TRU TRANSUNION 0.1%

Value ($000) $5,653 (-32.2%) Shares 65,934 (-33.7%) Est. Cost $90.58 Unrealized -9.4%

BLD TOPBUILD CORP 0.4%

Value ($000) $34,233 (-6.7%) Shares 82,057 (-12.6%) Est. Cost $399.15 Unrealized +7.4%

DLR DIGITAL REALTY TRUST INC 0.1%

Value ($000) $8,516 (-22.1%) Shares 55,032 (-13.0%) Est. Cost $168.66 Unrealized -3.3%

BABA ALIBABA GROUP HOLDING LTD 0.0%

Value ($000) $2,235 (-46.3%) Shares 15,251 (-34.5%) Est. Cost $178.68 Unrealized —

MA MASTERCARD INC 0.0%

Value ($000) $822 (-69.1%) Shares 1,440 (-69.3%) Est. Cost $573.47 Unrealized -2.5%

BRK/B BERKSHIRE HATHAWAY INC 0.8%

Value ($000) $65,173 (-2.4%) Shares 129,614 (-2.5%) Est. Cost $484.36 Unrealized +2.7%

V VISA INC 0.9%

Value ($000) $77,904 (-2.0%) Shares 222,030 (-4.7%) Est. Cost $321.22 Unrealized +6.0%

BAC BANK OF AMERICA CORPORATION 0.3%

Value ($000) $24,203 (-5.5%) Shares 440,129 (-11.4%) Est. Cost $48.34 Unrealized +8.9%

JNJ JOHNSON JOHNSON 1.4%

Value ($000) $121,188 (+1.1%) Shares 585,592 (-9.5%) Est. Cost $102.49 Unrealized +92.2%

OMC OMNICOM GROUP INC 0.3%

Value ($000) $27,890 (-4.6%) Shares 345,344 (-3.7%) Est. Cost $65.30 Unrealized +16.0%

TSLA TESLA INC 1.2%

Value ($000) $97,873 (-1.3%) Shares 217,713 (-2.4%) Est. Cost $346.84 Unrealized +27.8%

MSA MSA SAFETY INC 0.1%

Value ($000) $12,130 (-8.9%) Shares 75,722 (-2.1%) Est. Cost $172.87 Unrealized -5.8%

JLL JONES LANG LASALLE INC 0.5%

Value ($000) $39,573 (+3.1%) Shares 117,735 (-8.6%) Est. Cost $285.67 Unrealized +9.7%

CVX CHEVRON CORP 0.3%

Value ($000) $23,205 (-4.5%) Shares 152,287 (-2.7%) Est. Cost $71.79 Unrealized +110.9%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $22,603 (+3.8%) Shares 187,860 (-2.7%) Est. Cost $109.70 Unrealized +5.3%

NEE NEXTERA ENERGY INC 0.4%

Value ($000) $29,866 (+2.3%) Shares 372,019 (-3.8%) Est. Cost $72.21 Unrealized +14.2%

USB US BANCORP 0.5%

Value ($000) $43,250 (-1.2%) Shares 810,525 (-10.5%) Est. Cost $46.35 Unrealized +5.1%

HDB HDFC BANK LTD 0.2%

Value ($000) $13,181 (+3.1%) Shares 360,817 (-3.6%) Est. Cost $34.14 Unrealized —

HBAN HUNTINGTON BANCSHARES INC/OH 0.1%

Value ($000) $8,595 (-4.2%) Shares 495,973 (-4.5%) Est. Cost $5.43 Unrealized +199.7%

MFC MANULIFE FINANCIAL CORP 0.1%

Value ($000) $5,378 (+7.5%) Shares 148,031 (-7.9%) Est. Cost $30.84 Unrealized +10.1%

GILD GILEAD SCIENCES INC 0.3%

Value ($000) $27,364 (+1.2%) Shares 222,946 (-8.5%) Est. Cost $93.14 Unrealized +29.8%

IDXX IDEXX LABORATORIES INC 0.2%

Value ($000) $17,636 (+1.1%) Shares 26,068 (-4.6%) Est. Cost $606.98 Unrealized +12.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	320,747 (-31.1%)	$211,639 (-38.1%)	2.5%	$743.23	-10.2%	COMMON STOCK USD	30303M102
MSFT	MICROSOFT CORP	1,385,946 (-1.8%)	$670,246 (-8.3%)	8.0%	$508.71	-1.6%	COMMON STOCK USD	594918104
AMT	AMERICAN TOWER CORP	50,112 (-81.9%)	$8,798 (-83.5%)	0.1%	$204.56	-11.9%	REIT USD	03027X100
GOOG	ALPHABET INC	746,507 (-6.6%)	$234,246 (+20.3%)	2.8%	$209.93	+36.4%	COMMON STOCK USD	02079K107
MU	MICRON TECHNOLOGY INC	360,957 (-5.5%)	$102,985 (+61.2%)	1.2%	$127.82	+79.4%	COMMON STOCK USD	595112103
NVDA	NVIDIA CORP	3,069,746 (-5.6%)	$572,477 (-5.6%)	6.8%	$174.29	+6.8%	COMMON STOCK USD	67066G104
AVGO	BROADCOM INC	1,234,774 (-11.0%)	$427,244 (-6.6%)	5.1%	$305.74	+16.8%	COMMON STOCK USD	11135F101
ADP	AUTOMATIC DATA PROCESSING INC	236,525 (-21.0%)	$60,840 (-30.7%)	0.7%	$297.80	-11.1%	COMMON STOCK USD	053015103
ORCL	ORACLE CORP	278,711 (-2.6%)	$54,335 (-32.4%)	0.6%	$254.17	-6.3%	COMMON STOCK USD	68389X105
UBER	UBER TECHNOLOGIES INC	399,420 (-33.2%)	$32,625 (-44.2%)	0.4%	$93.52	-3.7%	COMMON STOCK USD	90353T100
TXN	TEXAS INSTRUMENTS INC	419,152 (-21.6%)	$72,705 (-25.9%)	0.9%	$193.30	-11.7%	COMMON STOCK USD	882508104
KR	KROGER CO/THE	169,428 (-68.2%)	$10,588 (-70.5%)	0.1%	$69.08	-5.6%	COMMON STOCK USD	501044101
DRI	DARDEN RESTAURANTS INC	172,429 (-41.6%)	$31,737 (-43.7%)	0.4%	$203.79	-10.6%	COMMON STOCK USD	237194105
URI	UNITED RENTALS INC	35,689 (-33.7%)	$28,890 (-43.9%)	0.3%	$888.48	-2.4%	COMMON STOCK USD	911363109
BKNG	BOOKING HOLDINGS INC	543 (-88.3%)	$2,907 (-88.4%)	0.0%	$5563.60	-7.7%	COMMON STOCK USD	09857L108
PHM	PULTEGROUP INC	160,501 (-47.9%)	$18,817 (-53.8%)	0.2%	$123.78	-1.1%	COMMON STOCK USD	745867101
HD	HOME DEPOT INC/THE	241,885 (-5.3%)	$83,249 (-19.6%)	1.0%	$389.16	-6.3%	COMMON STOCK USD	437076102
ULS	UL SOLUTIONS INC	154,334 (-63.9%)	$12,171 (-59.8%)	0.1%	$68.16	+17.8%	COMMON STOCK USD	903731107
CL	COLGATE-PALMOLIVE CO	651,304 (-24.8%)	$51,466 (-25.7%)	0.6%	$82.00	-4.5%	COMMON STOCK USD	194162103
KMB	KIMBERLY-CLARK CORP	352,625 (-17.7%)	$35,576 (-33.2%)	0.4%	$126.80	-14.5%	COMMON STOCK USD	494368103
RSG	REPUBLIC SERVICES INC	107,242 (-38.5%)	$22,721 (-43.2%)	0.3%	$233.28	-8.0%	COMMON STOCK USD	760759100
VEEV	VEEVA SYSTEMS INC	25,330 (-66.2%)	$5,654 (-74.7%)	0.1%	$281.43	-5.7%	COMMON STOCK USD	922475108
ADSK	AUTODESK INC	150,974 (-17.6%)	$44,688 (-23.2%)	0.5%	$304.73	-0.7%	COMMON STOCK USD	052769106
MELI	MERCADOLIBRE INC	19,810 (-12.7%)	$39,902 (-24.7%)	0.5%	$2400.46	-12.5%	COMMON STOCK USD	58733R102
CINF	CINCINNATI FINANCIAL CORP	430,542 (-16.7%)	$70,313 (-13.8%)	0.8%	$150.23	+7.3%	COMMON STOCK USD	172062101
WSO	WATSCO INC	114,004 (-5.9%)	$38,440 (-21.3%)	0.5%	$427.59	-16.5%	COMMON STOCK USD	942622200
TSM	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	576,072 (-3.0%)	$175,014 (+5.8%)	2.1%	$18429.68	—	ADR USD	874039100
MHK	MOHAWK INDUSTRIES INC	97,252 (-37.5%)	$10,627 (-47.0%)	0.1%	$123.84	-7.3%	COMMON STOCK USD	608190104
PFGC	PERFORMANCE FOOD GROUP CO	140,449 (-32.0%)	$12,629 (-41.3%)	0.2%	$100.10	-3.5%	COMMON STOCK USD	71377A103
CRWD	CROWDSTRIKE HOLDINGS INC	114,697 (-8.5%)	$53,754 (-12.5%)	0.6%	$454.77	+12.0%	COMMON STOCK USD	22788C105
PGR	PROGRESSIVE CORP/THE	201,916 (-6.8%)	$45,992 (-14.0%)	0.5%	$231.70	-8.4%	COMMON STOCK USD	743315103
MET	METLIFE INC	844,373 (-6.0%)	$66,663 (-9.8%)	0.8%	$77.91	+1.3%	COMMON STOCK USD	59156R108
DGX	QUEST DIAGNOSTICS INC	90,605 (-23.5%)	$15,715 (-30.4%)	0.2%	$176.64	+3.1%	COMMON STOCK USD	74834L100
NDAQ	NASDAQ INC	114,226 (-41.2%)	$11,095 (-35.4%)	0.1%	$92.14	-2.6%	COMMON STOCK USD	631103108
DT	DYNATRACE INC	208,751 (-32.5%)	$9,045 (-39.6%)	0.1%	$50.61	-7.9%	COMMON STOCK USD	268150109
NEM	NEWMONT CORP	475,606 (-24.9%)	$47,489 (-11.0%)	0.6%	$52.49	+71.8%	COMMON STOCK USD	651639106
ROK	ROCKWELL AUTOMATION INC	173,787 (-2.4%)	$67,629 (+8.7%)	0.8%	$343.44	+9.3%	COMMON STOCK USD	773903109
ABBV	ABBVIE INC	503,423 (-3.8%)	$115,031 (-4.5%)	1.4%	$29.12	+681.4%	COMMON STOCK USD	00287Y109
WMS	ADVANCED DRAINAGE SYSTEMS INC	157,715 (-22.2%)	$22,842 (-18.8%)	0.3%	$131.06	+10.4%	COMMON STOCK USD	00790R104
BLK	BLACKROCK INC	19,547 (-12.9%)	$20,923 (-20.0%)	0.2%	$1108.77	-1.7%	COMMON STOCK USD	09290D101
CFG	CITIZENS FINANCIAL GROUP INC	994,070 (-16.5%)	$58,064 (-8.2%)	0.7%	$49.19	+8.9%	COMMON STOCK USD	174610105
AIOT	POWERFLEET INC NJ	878,049 (-53.3%)	$4,662 (-52.6%)	0.1%	$4.62	+10.8%	COMMON STOCK USD	73931J109
CSCO	CISCO SYSTEMS INC	875,385 (-4.0%)	$67,440 (+8.2%)	0.8%	$54.43	+35.6%	COMMON STOCK USD	17275R102
COIN	COINBASE GLOBAL INC	41,784 (-2.7%)	$9,449 (-34.8%)	0.1%	$339.07	-12.1%	COMMON STOCK USD	19260Q107
WTRG	ESSENTIAL UTILITIES INC	801,918 (-10.5%)	$30,754 (-14.0%)	0.4%	$38.12	+3.2%	COMMON STOCK USD	29670G102
SHW	SHERWIN-WILLIAMS CO/THE	45,640 (-19.7%)	$14,793 (-24.8%)	0.2%	$351.39	-4.9%	COMMON STOCK USD	824348106
TMO	THERMO FISHER SCIENTIFIC INC	58,972 (-2.7%)	$34,172 (+16.3%)	0.4%	$464.78	+21.6%	COMMON STOCK USD	883556102
DG	DOLLAR GENERAL CORP	181,707 (-3.0%)	$24,120 (+24.7%)	0.3%	$108.94	+2.4%	COMMON STOCK USD	256677105
PODD	INSULET CORP	66,687 (-12.6%)	$18,946 (-19.5%)	0.2%	$313.31	-0.2%	COMMON STOCK USD	45784P101
CG	CARLYLE GROUP INC/THE	306,433 (-15.3%)	$18,104 (-20.2%)	0.2%	$61.48	-8.5%	COMMON STOCK USD	14316J108
WCC	WESCO INTERNATIONAL INC	146,185 (-1.2%)	$35,719 (+14.2%)	0.4%	$209.31	+17.0%	COMMON STOCK USD	95082P105
MS	MORGAN STANLEY	716,857 (-7.2%)	$127,270 (+3.4%)	1.5%	$146.45	+13.7%	COMMON STOCK USD	617446448
STT	STATE STREET CORP	431,944 (-3.0%)	$55,738 (+7.9%)	0.7%	$110.08	+8.1%	COMMON STOCK USD	857477103
MCO	MOODY'S CORP	86,856 (-14.5%)	$44,372 (-8.3%)	0.5%	$502.63	-3.0%	COMMON STOCK USD	615369105
SF	STIFEL FINANCIAL CORP	134,663 (-26.8%)	$16,860 (-19.2%)	0.2%	$111.58	+7.2%	COMMON STOCK USD	860630102
ORLY	O'REILLY AUTOMOTIVE INC	161,870 (-4.8%)	$14,763 (-19.5%)	0.2%	$100.52	-2.8%	COMMON STOCK USD	67103H107
JPM	JPMORGAN CHASE CO.	617,381 (-3.8%)	$198,997 (-1.7%)	2.4%	$256.17	+20.8%	COMMON STOCK USD	46625H100
EXPE	EXPEDIA GROUP INC	157,697 (-18.2%)	$44,665 (+8.5%)	0.5%	$200.25	+23.3%	COMMON STOCK USD	30212P303
COST	COSTCO WHOLESALE CORP	36,614 (-2.9%)	$31,567 (-9.6%)	0.4%	$956.70	-5.3%	COMMON STOCK USD	22160K105
NET	CLOUDFLARE INC	155,006 (-1.6%)	$30,558 (-9.5%)	0.4%	$204.15	+3.6%	COMMON STOCK USD	18915M107
TRU	TRANSUNION	65,934 (-33.7%)	$5,653 (-32.2%)	0.1%	$90.58	-9.4%	COMMON STOCK USD	89400J107
BLD	TOPBUILD CORP	82,057 (-12.6%)	$34,233 (-6.7%)	0.4%	$399.15	+7.4%	COMMON STOCK USD	89055F103
DLR	DIGITAL REALTY TRUST INC	55,032 (-13.0%)	$8,516 (-22.1%)	0.1%	$168.66	-3.3%	REIT USD	253868103
BABA	ALIBABA GROUP HOLDING LTD	15,251 (-34.5%)	$2,235 (-46.3%)	0.0%	$178.68	—	ADR USD	01609W102
MA	MASTERCARD INC	1,440 (-69.3%)	$822 (-69.1%)	0.0%	$573.47	-2.5%	COMMON STOCK USD	57636Q104
BRK/B	BERKSHIRE HATHAWAY INC	129,614 (-2.5%)	$65,173 (-2.4%)	0.8%	$484.36	+2.7%	COMMON STOCK USD	084670702
V	VISA INC	222,030 (-4.7%)	$77,904 (-2.0%)	0.9%	$321.22	+6.0%	COMMON STOCK USD	92826C839
BAC	BANK OF AMERICA CORPORATION	440,129 (-11.4%)	$24,203 (-5.5%)	0.3%	$48.34	+8.9%	COMMON STOCK USD	060505104
JNJ	JOHNSON JOHNSON	585,592 (-9.5%)	$121,188 (+1.1%)	1.4%	$102.49	+92.2%	COMMON STOCK USD	478160104
OMC	OMNICOM GROUP INC	345,344 (-3.7%)	$27,890 (-4.6%)	0.3%	$65.30	+16.0%	COMMON STOCK USD	681919106
TSLA	TESLA INC	217,713 (-2.4%)	$97,873 (-1.3%)	1.2%	$346.84	+27.8%	COMMON STOCK USD	88160R101
MSA	MSA SAFETY INC	75,722 (-2.1%)	$12,130 (-8.9%)	0.1%	$172.87	-5.8%	COMMON STOCK USD	553498106
JLL	JONES LANG LASALLE INC	117,735 (-8.6%)	$39,573 (+3.1%)	0.5%	$285.67	+9.7%	COMMON STOCK USD	48020Q107
CVX	CHEVRON CORP	152,287 (-2.7%)	$23,205 (-4.5%)	0.3%	$71.79	+110.9%	COMMON STOCK USD	166764100
XOM	EXXON MOBIL CORP	187,860 (-2.7%)	$22,603 (+3.8%)	0.3%	$109.70	+5.3%	COMMON STOCK USD	30231G102
NEE	NEXTERA ENERGY INC	372,019 (-3.8%)	$29,866 (+2.3%)	0.4%	$72.21	+14.2%	COMMON STOCK USD	65339F101
USB	US BANCORP	810,525 (-10.5%)	$43,250 (-1.2%)	0.5%	$46.35	+5.1%	COMMON STOCK USD	902973304
HDB	HDFC BANK LTD	360,817 (-3.6%)	$13,181 (+3.1%)	0.2%	$34.14	—	ADR USD	40415F101
HBAN	HUNTINGTON BANCSHARES INC/OH	495,973 (-4.5%)	$8,595 (-4.2%)	0.1%	$5.43	+199.7%	COMMON STOCK USD	446150104
MFC	MANULIFE FINANCIAL CORP	148,031 (-7.9%)	$5,378 (+7.5%)	0.1%	$30.84	+10.1%	COMMON STOCK CAD	56501R106
GILD	GILEAD SCIENCES INC	222,946 (-8.5%)	$27,364 (+1.2%)	0.3%	$93.14	+29.8%	COMMON STOCK USD	375558103
IDXX	IDEXX LABORATORIES INC	26,068 (-4.6%)	$17,636 (+1.1%)	0.2%	$606.98	+12.2%	COMMON STOCK USD	45168D104

Unchanged Positions (18)

RTX RTX CORP 0.8%

Value ($000) $64,686 Shares 352,618 Est. Cost $154.28 Unrealized +12.3%

MSI MOTOROLA SOLUTIONS INC 0.2%

Value ($000) $16,848 Shares 43,954 Est. Cost $448.33 Unrealized -10.6%

UNH UNITEDHEALTH GROUP INC 0.3%

Value ($000) $28,236 Shares 85,503 Est. Cost $298.94 Unrealized +12.8%

DHI DR HORTON INC 0.1%

Value ($000) $8,201 Shares 56,946 Est. Cost $156.63 Unrealized -2.9%

CME CME GROUP INC. 0.9%

Value ($000) $79,134 Shares 289,783 Est. Cost $269.86 Unrealized +0.3%

IEX IDEX CORP 0.1%

Value ($000) $10,856 Shares 61,029 Est. Cost $168.10 Unrealized +1.6%

UNP UNION PACIFIC CORP 0.1%

Value ($000) $7,670 Shares 33,150 Est. Cost $104.21 Unrealized +118.1%

ALB ALBEMARLE CORP 0.0%

Value ($000) $234 Shares 1,655 Est. Cost $76.57 Unrealized +47.9%

ADI ANALOG DEVICES INC 0.0%

Value ($000) $811 Shares 2,991 Est. Cost $238.95 Unrealized +4.9%

OKE ONEOK INC 0.1%

Value ($000) $8,405 Shares 114,329 Est. Cost $75.06 Unrealized -6.1%

APD AIR PRODUCTS AND CHEMICALS INC 0.0%

Value ($000) $518 Shares 2,098 Est. Cost $285.50 Unrealized -11.9%

NUE NUCOR CORP 0.0%

Value ($000) $236 Shares 1,446 Est. Cost $140.51 Unrealized +6.6%

JXN JACKSON FINANCIAL INC 0.0%

Value ($000) $552 Shares 5,176 Est. Cost $92.07 Unrealized +7.4%

CLX CLOROX CO/THE 0.0%

Value ($000) $90 Shares 897 Est. Cost $122.24 Unrealized -11.4%

LMT LOCKHEED MARTIN CORP 0.0%

Value ($000) $415 Shares 857 Est. Cost $77.79 Unrealized +512.1%

ELS EQUITY LIFESTYLE PROPERTIES INC 0.1%

Value ($000) $6,086 Shares 100,390 Est. Cost $60.67 Unrealized —

PFE PFIZER INC 0.0%

Value ($000) $107 Shares 4,280 Est. Cost $16.65 Unrealized +50.3%

VTRS VIATRIS INC 0.0%

Value ($000) $7 Shares 531 Est. Cost $9.56 Unrealized +12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RTX	RTX CORP	352,618	$64,686	0.8%	$154.28	+12.3%	COMMON STOCK USD	75513E101
MSI	MOTOROLA SOLUTIONS INC	43,954	$16,848	0.2%	$448.33	-10.6%	COMMON STOCK USD	620076307
UNH	UNITEDHEALTH GROUP INC	85,503	$28,236	0.3%	$298.94	+12.8%	COMMON STOCK USD	91324P102
DHI	DR HORTON INC	56,946	$8,201	0.1%	$156.63	-2.9%	COMMON STOCK USD	23331A109
CME	CME GROUP INC.	289,783	$79,134	0.9%	$269.86	+0.3%	COMMON STOCK USD	12572Q105
IEX	IDEX CORP	61,029	$10,856	0.1%	$168.10	+1.6%	COMMON STOCK USD	45167R104
UNP	UNION PACIFIC CORP	33,150	$7,670	0.1%	$104.21	+118.1%	COMMON STOCK USD	907818108
ALB	ALBEMARLE CORP	1,655	$234	0.0%	$76.57	+47.9%	COMMON STOCK USD	012653101
ADI	ANALOG DEVICES INC	2,991	$811	0.0%	$238.95	+4.9%	COMMON STOCK USD	032654105
OKE	ONEOK INC	114,329	$8,405	0.1%	$75.06	-6.1%	COMMON STOCK USD	682680103
APD	AIR PRODUCTS AND CHEMICALS INC	2,098	$518	0.0%	$285.50	-11.9%	COMMON STOCK USD	009158106
NUE	NUCOR CORP	1,446	$236	0.0%	$140.51	+6.6%	COMMON STOCK USD	670346105
JXN	JACKSON FINANCIAL INC	5,176	$552	0.0%	$92.07	+7.4%	COMMON STOCK USD	46817M107
CLX	CLOROX CO/THE	897	$90	0.0%	$122.24	-11.4%	COMMON STOCK USD	189054109
LMT	LOCKHEED MARTIN CORP	857	$415	0.0%	$77.79	+512.1%	COMMON STOCK USD	539830109
ELS	EQUITY LIFESTYLE PROPERTIES INC	100,390	$6,086	0.1%	$60.67	—	REIT USD	29472R108
PFE	PFIZER INC	4,280	$107	0.0%	$16.65	+50.3%	COMMON STOCK USD	717081103
VTRS	VIATRIS INC	531	$7	0.0%	$9.56	+12.1%	COMMON STOCK USD	92556V106