JENSEN INVESTMENT MANAGEMENT INC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	Amazon.com Inc.	1,133,670	$261,674	4.1%	$228.79	0.0%	COM	023135106
MSI	Motorola Solutions Inc.	175,236	$67,171	1.1%	$400.79	0.0%	COM	620076307
AVGO	Broadcom, Inc.	178,441	$61,758	1.0%	$357.00	0.0%	COM	11135F101
JGRW	Jensen Quality Growth ETF	517,847	$14,015	0.2%	$27.06	—	JENSEN QUALITY	89834G562
—	Bajaj Finance Limited	95,800	$1,054	0.0%	$11.00	—	COM	Y0547D153
RACE	Ferrari N.V.	2,600	$961	0.0%	$400.15	0.0%	COM	N3167Y103
DOX	Amdocs Limited	9,250	$745	0.0%	$79.88	0.0%	COM	G02602103

Increased Positions (5)

NVDA NVIDIA Corp 6.6%

Value ($000) $420,322 (+4.3%) Shares 2,253,736 (+4.3%) Est. Cost $137.19 Unrealized +35.7%

VRSK Verisk Analytics Inc 1.6%

Value ($000) $99,675 (-6.7%) Shares 445,596 (+4.9%) Est. Cost $210.86 Unrealized +6.8%

CCK Crown Holdings Inc. 0.1%

Value ($000) $5,859 (+23.2%) Shares 56,903 (+15.6%) Est. Cost $84.83 Unrealized +14.8%

GWW W.W. Grainger Inc. 0.0%

Value ($000) $3,168 (+44.6%) Shares 3,140 (+36.5%) Est. Cost $992.23 Unrealized -2.3%

AON AON plc Registered Shs 0.1%

Value ($000) $3,742 (+3.9%) Shares 10,603 (+5.0%) Est. Cost $307.64 Unrealized +13.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NVDA	NVIDIA Corp	2,253,736 (+4.3%)	$420,322 (+4.3%)	6.6%	$137.19	+35.7%	COM	67066G104
VRSK	Verisk Analytics Inc	445,596 (+4.9%)	$99,675 (-6.7%)	1.6%	$210.86	+6.8%	COM	92345Y106
CCK	Crown Holdings Inc.	56,903 (+15.6%)	$5,859 (+23.2%)	0.1%	$84.83	+14.8%	COM	228368106
GWW	W.W. Grainger Inc.	3,140 (+36.5%)	$3,168 (+44.6%)	0.0%	$992.23	-2.3%	COM	384802104
AON	AON plc Registered Shs	10,603 (+5.0%)	$3,742 (+3.9%)	0.1%	$307.64	+13.5%	COM	G0403H108

Exited Positions (5)

ZTS Zoetis, Inc. 2.0%

Value ($000) $129,336 Shares 883,924 Est. Cost $179.52 Unrealized -27.4%

UPS United Parcel Svc Cl B 0.0%

Value ($000) $1,671 Shares 20,000 Est. Cost $85.66 Unrealized +8.3%

BMY Bristol Myers Squibb Co. 0.0%

Value ($000) $1,194 Shares 26,475 Est. Cost $43.53 Unrealized +9.2%

PAYX Paychex Inc. 0.0%

Value ($000) $1,181 Shares 9,320 Est. Cost $57.13 Unrealized +104.0%

— Kellanova 0.0%

Value ($000) $523 Shares 6,372 Est. Cost $51.97 Unrealized +59.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	Zoetis, Inc.	883,924	$129,336	2.0%	$179.52	-27.4%	—	98978V103
UPS	United Parcel Svc Cl B	20,000	$1,671	0.0%	$85.66	+8.3%	—	911312106
BMY	Bristol Myers Squibb Co.	26,475	$1,194	0.0%	$43.53	+9.2%	—	110122108
PAYX	Paychex Inc.	9,320	$1,181	0.0%	$57.13	+104.0%	—	704326107
—	Kellanova	6,372	$523	0.0%	$51.97	+59.0%	—	487836108

Decreased Positions (61)

MRSH Marsh & McLennan Companies Inc 3.2%

Value ($000) $201,162 (-58.5%) Shares 1,084,317 (-54.9%) Est. Cost $148.06 Unrealized +25.9%

SYK Stryker Corp 4.0%

Value ($000) $257,116 (-43.0%) Shares 731,545 (-40.0%) Est. Cost $148.92 Unrealized +144.1%

INTU Intuit Inc. 2.8%

Value ($000) $180,826 (-50.7%) Shares 272,978 (-49.2%) Est. Cost $288.42 Unrealized +129.1%

CPRT Copart Inc. 1.3%

Value ($000) $84,897 (-64.1%) Shares 2,168,517 (-58.8%) Est. Cost $52.92 Unrealized -21.6%

MSFT Microsoft Corp 10.1%

Value ($000) $641,686 (-18.5%) Shares 1,326,840 (-12.7%) Est. Cost $54.21 Unrealized +823.5%

ADP Automatic Data Processing, Inc 2.6%

Value ($000) $163,023 (-39.9%) Shares 633,763 (-31.4%) Est. Cost $141.21 Unrealized +87.5%

BR Broadridge Financial Solutions 2.7%

Value ($000) $171,718 (-34.4%) Shares 769,449 (-30.0%) Est. Cost $105.85 Unrealized +114.7%

ABT Abbott Labs 3.7%

Value ($000) $234,676 (-27.3%) Shares 1,873,063 (-22.3%) Est. Cost $123.55 Unrealized +3.0%

LLY Eli Lilly & Co. 4.2%

Value ($000) $268,484 (-24.1%) Shares 249,827 (-46.1%) Est. Cost $756.13 Unrealized +26.4%

EFX Equifax Inc 2.8%

Value ($000) $178,887 (-31.8%) Shares 824,439 (-19.4%) Est. Cost $155.95 Unrealized +40.2%

APH Amphenol Corp 0.5%

Value ($000) $31,148 (-71.1%) Shares 230,488 (-73.5%) Est. Cost $43.01 Unrealized +210.5%

ACN Accenture plc Class A 0.3%

Value ($000) $17,822 (-76.9%) Shares 66,424 (-78.8%) Est. Cost $163.58 Unrealized +55.3%

MA Mastercard Inc 4.3%

Value ($000) $275,587 (-16.7%) Shares 482,740 (-17.0%) Est. Cost $208.33 Unrealized +168.3%

VEEV Veeva Systems Inc. Class A 1.1%

Value ($000) $68,923 (-44.0%) Shares 308,753 (-25.3%) Est. Cost $277.41 Unrealized -4.3%

KLAC KLA Corporation 3.6%

Value ($000) $230,275 (-18.7%) Shares 189,514 (-27.8%) Est. Cost $434.53 Unrealized +169.7%

CDNS Cadence Design Systems, Inc. 2.6%

Value ($000) $165,563 (-24.0%) Shares 529,665 (-14.6%) Est. Cost $288.79 Unrealized +13.0%

META Meta Platforms, Inc. Class A 3.8%

Value ($000) $241,619 (-17.7%) Shares 366,040 (-8.5%) Est. Cost $678.83 Unrealized -1.7%

AAPL Apple, Inc. 8.5%

Value ($000) $537,813 (-8.3%) Shares 1,978,272 (-14.1%) Est. Cost $83.24 Unrealized +222.4%

GOOGL Alphabet Inc Cap Stk Cl A 7.5%

Value ($000) $479,583 (+10.1%) Shares 1,532,213 (-14.5%) Est. Cost $110.91 Unrealized +157.5%

PG Procter & Gamble Co 2.9%

Value ($000) $183,753 (-17.1%) Shares 1,282,207 (-11.1%) Est. Cost $97.95 Unrealized +50.2%

SHW Sherwin-Williams Co 3.2%

Value ($000) $200,335 (-12.8%) Shares 618,261 (-6.8%) Est. Cost $315.40 Unrealized +5.9%

WM Waste Management 3.5%

Value ($000) $219,811 (-8.4%) Shares 1,000,459 (-7.9%) Est. Cost $109.98 Unrealized +93.3%

MCD McDonald's Corp. 2.1%

Value ($000) $135,479 (-11.0%) Shares 443,278 (-11.5%) Est. Cost $270.17 Unrealized +12.9%

ORCL Oracle Corp 0.4%

Value ($000) $24,242 (-39.5%) Shares 124,373 (-12.7%) Est. Cost $32.57 Unrealized +630.9%

GIS General Mills Inc. 0.0%

Value ($000) $830 (-85.0%) Shares 17,845 (-83.8%) Est. Cost $49.87 Unrealized -4.8%

OMC Omnicom Group Inc 0.0%

Value ($000) $2,750 (-55.4%) Shares 34,054 (-55.0%) Est. Cost $49.13 Unrealized +54.2%

ADBE Adobe Inc 0.2%

Value ($000) $12,109 (-22.0%) Shares 34,597 (-21.4%) Est. Cost $44.30 Unrealized +667.7%

JNJ Johnson & Johnson 0.0%

Value ($000) $2,125 (-60.4%) Shares 10,266 (-64.6%) Est. Cost $94.07 Unrealized +109.4%

ECL Ecolab Inc 0.2%

Value ($000) $15,741 (-14.2%) Shares 59,960 (-10.5%) Est. Cost $87.27 Unrealized +204.5%

BAH Booz Allen Hamilton Holding Co 0.0%

Value ($000) $1,388 (-62.4%) Shares 16,450 (-55.4%) Est. Cost $131.53 Unrealized -32.7%

HD Home Depot Inc. 0.0%

Value ($000) $859 (-72.0%) Shares 2,495 (-67.0%) Est. Cost $249.48 Unrealized +46.1%

CLX Clorox Company 0.1%

Value ($000) $6,903 (-23.8%) Shares 68,465 (-6.8%) Est. Cost $114.75 Unrealized -5.6%

EMR Emerson Elec Co 0.2%

Value ($000) $9,941 (-17.5%) Shares 74,900 (-18.5%) Est. Cost $44.58 Unrealized +196.9%

HOLX Hologic Inc. 0.0%

Value ($000) $2,086 (-49.4%) Shares 28,000 (-54.1%) Est. Cost $75.41 Unrealized -3.1%

ABBV AbbVie Inc. 0.0%

Value ($000) $2,546 (-39.3%) Shares 11,144 (-38.5%) Est. Cost $27.90 Unrealized +715.7%

CPB Campbell Soup Company 0.0%

Value ($000) $876 (-65.3%) Shares 31,418 (-60.7%) Est. Cost $40.07 Unrealized -25.0%

DCI Donaldson Co. Inc. 0.1%

Value ($000) $3,553 (-31.3%) Shares 40,070 (-36.5%) Est. Cost $55.53 Unrealized +55.6%

WAT Waters Corp 0.2%

Value ($000) $14,713 (+11.7%) Shares 38,736 (-11.8%) Est. Cost $149.29 Unrealized +146.5%

LH Labcorp Holdings, Inc. 0.1%

Value ($000) $5,725 (-20.7%) Shares 22,820 (-9.2%) Est. Cost $199.92 Unrealized +32.6%

PEP PepsiCo Inc. 0.2%

Value ($000) $11,769 (-9.3%) Shares 82,002 (-11.3%) Est. Cost $79.10 Unrealized +84.5%

URI United Rentals, Inc. 0.0%

Value ($000) $1,741 (-38.8%) Shares 2,151 (-27.8%) Est. Cost $702.95 Unrealized +23.3%

FFIV F5 Networks Inc. 0.1%

Value ($000) $3,599 (-23.3%) Shares 14,100 (-2.9%) Est. Cost $176.97 Unrealized +52.0%

ROST Ross Stores Inc 0.1%

Value ($000) $4,854 (-17.2%) Shares 26,944 (-29.9%) Est. Cost $144.73 Unrealized +15.1%

NKE Nike Inc 0.1%

Value ($000) $4,892 (-16.7%) Shares 76,785 (-8.8%) Est. Cost $81.17 Unrealized -20.0%

ON ON Semiconductor Corp 0.0%

Value ($000) $1,159 (-43.3%) Shares 21,406 (-48.4%) Est. Cost $74.49 Unrealized -31.1%

LEVI Levi Strauss & Co 0.0%

Value ($000) $2,461 (-23.1%) Shares 118,640 (-13.6%) Est. Cost $18.14 Unrealized +17.9%

LULU lululemon athletica inc. 0.0%

Value ($000) $815 (-44.3%) Shares 3,920 (-52.3%) Est. Cost $200.38 Unrealized -9.6%

CTSH Cognizant Technology Solutions 0.1%

Value ($000) $8,941 (+7.7%) Shares 107,726 (-12.9%) Est. Cost $50.06 Unrealized +49.1%

MSCI MSCI, Inc. 0.1%

Value ($000) $5,651 (-9.9%) Shares 9,850 (-10.9%) Est. Cost $532.02 Unrealized +5.3%

CL Colgate-Palmolive Co 0.1%

Value ($000) $9,398 (-5.8%) Shares 118,934 (-4.7%) Est. Cost $53.61 Unrealized +46.1%

KEYS Keysight Technologies, Inc. 0.1%

Value ($000) $5,634 (-9.1%) Shares 27,730 (-21.7%) Est. Cost $150.05 Unrealized +23.7%

KO Coca-Cola Co 0.1%

Value ($000) $7,806 (-5.5%) Shares 111,652 (-10.3%) Est. Cost $27.59 Unrealized +151.5%

BBY Best Buy Co. Inc. 0.0%

Value ($000) $1,656 (-20.1%) Shares 24,735 (-9.7%) Est. Cost $80.03 Unrealized -5.7%

IDXX IDEXX Laboratories Inc. 0.0%

Value ($000) $2,416 (-14.6%) Shares 3,571 (-19.4%) Est. Cost $487.60 Unrealized +39.7%

FICO Fair Isaac Corporation 0.0%

Value ($000) $2,113 (-12.8%) Shares 1,250 (-22.8%) Est. Cost $1503.82 Unrealized +14.5%

MANH Manhattan Associates, Inc. 0.0%

Value ($000) $766 (-27.4%) Shares 4,420 (-14.2%) Est. Cost $132.40 Unrealized +38.1%

UNH Unitedhealth Group Inc 0.0%

Value ($000) $1,301 (-13.8%) Shares 3,941 (-9.9%) Est. Cost $207.29 Unrealized +62.7%

TXN Texas Instruments Inc 0.0%

Value ($000) $1,677 (-9.6%) Shares 9,665 (-4.3%) Est. Cost $114.42 Unrealized +49.2%

TSM Taiwan Semiconductor Manuf ADR 0.1%

Value ($000) $5,203 (-2.6%) Shares 17,120 (-10.5%) Est. Cost $111.65 Unrealized —

LIN Linde plc 0.0%

Value ($000) $550 (-16.1%) Shares 1,290 (-6.5%) Est. Cost $322.30 Unrealized +32.6%

LSTR Landstar System Inc. 0.0%

Value ($000) $769 (+0.4%) Shares 5,350 (-14.4%) Est. Cost $122.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MRSH	Marsh & McLennan Companies Inc	1,084,317 (-54.9%)	$201,162 (-58.5%)	3.2%	$148.06	+25.9%	COM	571748102
SYK	Stryker Corp	731,545 (-40.0%)	$257,116 (-43.0%)	4.0%	$148.92	+144.1%	COM	863667101
INTU	Intuit Inc.	272,978 (-49.2%)	$180,826 (-50.7%)	2.8%	$288.42	+129.1%	COM	461202103
CPRT	Copart Inc.	2,168,517 (-58.8%)	$84,897 (-64.1%)	1.3%	$52.92	-21.6%	COM	217204106
MSFT	Microsoft Corp	1,326,840 (-12.7%)	$641,686 (-18.5%)	10.1%	$54.21	+823.5%	COM	594918104
ADP	Automatic Data Processing, Inc	633,763 (-31.4%)	$163,023 (-39.9%)	2.6%	$141.21	+87.5%	COM	053015103
BR	Broadridge Financial Solutions	769,449 (-30.0%)	$171,718 (-34.4%)	2.7%	$105.85	+114.7%	COM	11133T103
ABT	Abbott Labs	1,873,063 (-22.3%)	$234,676 (-27.3%)	3.7%	$123.55	+3.0%	COM	002824100
LLY	Eli Lilly & Co.	249,827 (-46.1%)	$268,484 (-24.1%)	4.2%	$756.13	+26.4%	COM	532457108
EFX	Equifax Inc	824,439 (-19.4%)	$178,887 (-31.8%)	2.8%	$155.95	+40.2%	COM	294429105
APH	Amphenol Corp	230,488 (-73.5%)	$31,148 (-71.1%)	0.5%	$43.01	+210.5%	COM	032095101
ACN	Accenture plc Class A	66,424 (-78.8%)	$17,822 (-76.9%)	0.3%	$163.58	+55.3%	COM	G1151C101
MA	Mastercard Inc	482,740 (-17.0%)	$275,587 (-16.7%)	4.3%	$208.33	+168.3%	COM	57636Q104
VEEV	Veeva Systems Inc. Class A	308,753 (-25.3%)	$68,923 (-44.0%)	1.1%	$277.41	-4.3%	COM	922475108
KLAC	KLA Corporation	189,514 (-27.8%)	$230,275 (-18.7%)	3.6%	$434.53	+169.7%	COM	482480100
CDNS	Cadence Design Systems, Inc.	529,665 (-14.6%)	$165,563 (-24.0%)	2.6%	$288.79	+13.0%	COM	127387108
META	Meta Platforms, Inc. Class A	366,040 (-8.5%)	$241,619 (-17.7%)	3.8%	$678.83	-1.7%	COM	30303M102
AAPL	Apple, Inc.	1,978,272 (-14.1%)	$537,813 (-8.3%)	8.5%	$83.24	+222.4%	COM	037833100
GOOGL	Alphabet Inc Cap Stk Cl A	1,532,213 (-14.5%)	$479,583 (+10.1%)	7.5%	$110.91	+157.5%	COM	02079K305
PG	Procter & Gamble Co	1,282,207 (-11.1%)	$183,753 (-17.1%)	2.9%	$97.95	+50.2%	COM	742718109
SHW	Sherwin-Williams Co	618,261 (-6.8%)	$200,335 (-12.8%)	3.2%	$315.40	+5.9%	COM	824348106
WM	Waste Management	1,000,459 (-7.9%)	$219,811 (-8.4%)	3.5%	$109.98	+93.3%	COM	94106L109
MCD	McDonald's Corp.	443,278 (-11.5%)	$135,479 (-11.0%)	2.1%	$270.17	+12.9%	COM	580135101
ORCL	Oracle Corp	124,373 (-12.7%)	$24,242 (-39.5%)	0.4%	$32.57	+630.9%	COM	68389X105
GIS	General Mills Inc.	17,845 (-83.8%)	$830 (-85.0%)	0.0%	$49.87	-4.8%	COM	370334104
OMC	Omnicom Group Inc	34,054 (-55.0%)	$2,750 (-55.4%)	0.0%	$49.13	+54.2%	COM	681919106
ADBE	Adobe Inc	34,597 (-21.4%)	$12,109 (-22.0%)	0.2%	$44.30	+667.7%	COM	00724F101
JNJ	Johnson & Johnson	10,266 (-64.6%)	$2,125 (-60.4%)	0.0%	$94.07	+109.4%	COM	478160104
ECL	Ecolab Inc	59,960 (-10.5%)	$15,741 (-14.2%)	0.2%	$87.27	+204.5%	COM	278865100
BAH	Booz Allen Hamilton Holding Co	16,450 (-55.4%)	$1,388 (-62.4%)	0.0%	$131.53	-32.7%	COM	099502106
HD	Home Depot Inc.	2,495 (-67.0%)	$859 (-72.0%)	0.0%	$249.48	+46.1%	COM	437076102
CLX	Clorox Company	68,465 (-6.8%)	$6,903 (-23.8%)	0.1%	$114.75	-5.6%	COM	189054109
EMR	Emerson Elec Co	74,900 (-18.5%)	$9,941 (-17.5%)	0.2%	$44.58	+196.9%	COM	291011104
HOLX	Hologic Inc.	28,000 (-54.1%)	$2,086 (-49.4%)	0.0%	$75.41	-3.1%	COM	436440101
ABBV	AbbVie Inc.	11,144 (-38.5%)	$2,546 (-39.3%)	0.0%	$27.90	+715.7%	COM	00287Y109
CPB	Campbell Soup Company	31,418 (-60.7%)	$876 (-65.3%)	0.0%	$40.07	-25.0%	COM	134429109
DCI	Donaldson Co. Inc.	40,070 (-36.5%)	$3,553 (-31.3%)	0.1%	$55.53	+55.6%	COM	257651109
WAT	Waters Corp	38,736 (-11.8%)	$14,713 (+11.7%)	0.2%	$149.29	+146.5%	COM	941848103
LH	Labcorp Holdings, Inc.	22,820 (-9.2%)	$5,725 (-20.7%)	0.1%	$199.92	+32.6%	COM	504922105
PEP	PepsiCo Inc.	82,002 (-11.3%)	$11,769 (-9.3%)	0.2%	$79.10	+84.5%	COM	713448108
URI	United Rentals, Inc.	2,151 (-27.8%)	$1,741 (-38.8%)	0.0%	$702.95	+23.3%	COM	911363109
FFIV	F5 Networks Inc.	14,100 (-2.9%)	$3,599 (-23.3%)	0.1%	$176.97	+52.0%	COM	315616102
ROST	Ross Stores Inc	26,944 (-29.9%)	$4,854 (-17.2%)	0.1%	$144.73	+15.1%	COM	778296103
NKE	Nike Inc	76,785 (-8.8%)	$4,892 (-16.7%)	0.1%	$81.17	-20.0%	COM	654106103
ON	ON Semiconductor Corp	21,406 (-48.4%)	$1,159 (-43.3%)	0.0%	$74.49	-31.1%	COM	682189105
LEVI	Levi Strauss & Co	118,640 (-13.6%)	$2,461 (-23.1%)	0.0%	$18.14	+17.9%	COM	52736R102
LULU	lululemon athletica inc.	3,920 (-52.3%)	$815 (-44.3%)	0.0%	$200.38	-9.6%	COM	550021109
CTSH	Cognizant Technology Solutions	107,726 (-12.9%)	$8,941 (+7.7%)	0.1%	$50.06	+49.1%	COM	192446102
MSCI	MSCI, Inc.	9,850 (-10.9%)	$5,651 (-9.9%)	0.1%	$532.02	+5.3%	COM	55354G100
CL	Colgate-Palmolive Co	118,934 (-4.7%)	$9,398 (-5.8%)	0.1%	$53.61	+46.1%	COM	194162103
KEYS	Keysight Technologies, Inc.	27,730 (-21.7%)	$5,634 (-9.1%)	0.1%	$150.05	+23.7%	COM	49338L103
KO	Coca-Cola Co	111,652 (-10.3%)	$7,806 (-5.5%)	0.1%	$27.59	+151.5%	COM	191216100
BBY	Best Buy Co. Inc.	24,735 (-9.7%)	$1,656 (-20.1%)	0.0%	$80.03	-5.7%	COM	086516101
IDXX	IDEXX Laboratories Inc.	3,571 (-19.4%)	$2,416 (-14.6%)	0.0%	$487.60	+39.7%	COM	45168D104
FICO	Fair Isaac Corporation	1,250 (-22.8%)	$2,113 (-12.8%)	0.0%	$1503.82	+14.5%	COM	303250104
MANH	Manhattan Associates, Inc.	4,420 (-14.2%)	$766 (-27.4%)	0.0%	$132.40	+38.1%	COM	562750109
UNH	Unitedhealth Group Inc	3,941 (-9.9%)	$1,301 (-13.8%)	0.0%	$207.29	+62.7%	COM	91324P102
TXN	Texas Instruments Inc	9,665 (-4.3%)	$1,677 (-9.6%)	0.0%	$114.42	+49.2%	COM	882508104
TSM	Taiwan Semiconductor Manuf ADR	17,120 (-10.5%)	$5,203 (-2.6%)	0.1%	$111.65	—	ADR	874039100
LIN	Linde plc	1,290 (-6.5%)	$550 (-16.1%)	0.0%	$322.30	+32.6%	COM	G54950103
LSTR	Landstar System Inc.	5,350 (-14.4%)	$769 (+0.4%)	0.0%	$122.56	—	COM	515098101

Unchanged Positions (16)

EHC Encompass Health Corp 0.1%

Value ($000) $5,377 Shares 50,660 Est. Cost $52.40 Unrealized +120.8%

GNTX Gentex Corporation 0.0%

Value ($000) $3,107 Shares 133,540 Est. Cost $32.83 Unrealized -26.6%

TSCO Tractor Supply Co 0.1%

Value ($000) $4,890 Shares 97,780 Est. Cost $51.97 Unrealized +3.4%

G Genpact Limited 0.1%

Value ($000) $5,456 Shares 116,625 Est. Cost $38.79 Unrealized +11.5%

KR Kroger Company 0.1%

Value ($000) $5,013 Shares 80,240 Est. Cost $34.21 Unrealized +90.7%

RTX Raytheon Technologies Corp 0.1%

Value ($000) $3,229 Shares 17,607 Est. Cost $54.61 Unrealized +217.4%

APD Air Products & Chemicals 0.0%

Value ($000) $2,232 Shares 9,035 Est. Cost $255.76 Unrealized -1.6%

TJX TJX Companies Inc 0.1%

Value ($000) $3,557 Shares 23,159 Est. Cost $42.34 Unrealized +248.8%

NDSN Nordson Corporation 0.0%

Value ($000) $2,897 Shares 12,050 Est. Cost $219.03 Unrealized +7.0%

MMM 3M Co. 0.1%

Value ($000) $4,455 Shares 27,829 Est. Cost $95.88 Unrealized +70.2%

CHD Church & Dwight Co Inc 0.0%

Value ($000) $2,897 Shares 34,550 Est. Cost $81.74 Unrealized +4.3%

TTC Toro Company 0.1%

Value ($000) $3,422 Shares 43,470 Est. Cost $88.83 Unrealized -16.8%

FDS FactSet Research Systems Inc. 0.1%

Value ($000) $3,427 Shares 11,810 Est. Cost $336.98 Unrealized -16.9%

GPC Genuine Parts Company 0.0%

Value ($000) $329 Shares 2,674 Est. Cost $105.52 Unrealized +22.0%

BDX Becton Dickinson & Co. 0.0%

Value ($000) $482 Shares 2,486 Est. Cost $127.31 Unrealized +48.9%

TROW T Rowe Price Group Inc 0.1%

Value ($000) $3,271 Shares 31,950 Est. Cost $51.13 Unrealized +99.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EHC	Encompass Health Corp	50,660	$5,377	0.1%	$52.40	+120.8%	COM	29261A100
GNTX	Gentex Corporation	133,540	$3,107	0.0%	$32.83	-26.6%	COM	371901109
TSCO	Tractor Supply Co	97,780	$4,890	0.1%	$51.97	+3.4%	COM	892356106
G	Genpact Limited	116,625	$5,456	0.1%	$38.79	+11.5%	COM	G3922B107
KR	Kroger Company	80,240	$5,013	0.1%	$34.21	+90.7%	COM	501044101
RTX	Raytheon Technologies Corp	17,607	$3,229	0.1%	$54.61	+217.4%	COM	75513E101
APD	Air Products & Chemicals	9,035	$2,232	0.0%	$255.76	-1.6%	COM	009158106
TJX	TJX Companies Inc	23,159	$3,557	0.1%	$42.34	+248.8%	COM	872540109
NDSN	Nordson Corporation	12,050	$2,897	0.0%	$219.03	+7.0%	COM	655663102
MMM	3M Co.	27,829	$4,455	0.1%	$95.88	+70.2%	COM	88579Y101
CHD	Church & Dwight Co Inc	34,550	$2,897	0.0%	$81.74	+4.3%	COM	171340102
TTC	Toro Company	43,470	$3,422	0.1%	$88.83	-16.8%	COM	891092108
FDS	FactSet Research Systems Inc.	11,810	$3,427	0.1%	$336.98	-16.9%	COM	303075105
GPC	Genuine Parts Company	2,674	$329	0.0%	$105.52	+22.0%	COM	372460105
BDX	Becton Dickinson & Co.	2,486	$482	0.0%	$127.31	+48.9%	COM	075887109
TROW	T Rowe Price Group Inc	31,950	$3,271	0.1%	$51.13	+99.9%	COM	74144T108