THE MA-RAN FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: THE MA-RAN FOUNDATION (EIN 58-6263945)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-17
IRS object ID: 202513219349100906
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Gain Loss Sale Other Assets Sch
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Reduction Explanation Statement
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-17T07:13:18-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	882730877	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CHERRY BEKAERT ADVISORY LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1075 PEACHTREE STREET NE SUITE 1600	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30309	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	586263945	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE MA-RAN FOUNDATION	BusinessNameLine1Txt
Business Name Line2	C/O RFA MANAGEMENT CO LLC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	MA-R	BusinessNameControlTxt
Phone	4044864668	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1908 CLIFF VALLEY WAY	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30329	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	AMY ROLLINS KREISLER	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	4044864668	PhoneNum
Signature	2025-11-17	SignatureDt
Discuss With Paid Preparer	0	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MELANIE MCPEAK	PreparerPersonNm
PTIN	P01346034	PTIN
Phone	4042090954	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$943,560,294	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$662,557,822	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$16,408,032	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$16,408,032	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$6,020,438	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,999,448	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$892,296	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$652,124	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$673,837,712	TotalRevAndExpnssAmt
Total Net Invst Incm	$17,060,156	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$133,333	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$133,333	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$57,472	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$57,472	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$0	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$6,400	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$0	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$6,400	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,511,581	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$1,511,581	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$0	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$99,482	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$6,183	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$10,722	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$585,940	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$551,763	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$17	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$2,394,208	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,126,999	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$150,472	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$43,584,187	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$43,584,187	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$45,978,395	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,126,999	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$43,734,659	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$627,859,317	ExcessRevenueOverExpensesAmt
Net Investment Income	$14,933,157	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$2,598,720	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$98,005,813	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$98,111,149	SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl	$480,064,466	OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct	$0	OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY	$0	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$480,064,466	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$480,323,191	OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock BOY	$23,289,698	CorporateStockBOYAmt
Corporate Stock EOY	$80,125,470	CorporateStockEOYAmt
Corporate Stock EOYFMV	$318,567,830	CorporateStockEOYFMVAmt
Other Investments BOY	$20,356,159	OtherInvestmentsBOYAmt
Other Investments EOY	$28,387,399	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$46,558,124	OtherInvestmentsEOYFMVAmt
Other Assets BOY	$16,820,466	OtherAssetsBOYAmt
Other Assets EOY	$3,774,003	OtherAssetsEOYAmt
Other Assets EOYFMV	$0	OtherAssetsEOYFMVAmt
Total Assets BOY	$63,065,043	TotalAssetsBOYAmt
Total Assets EOY	$690,357,151	TotalAssetsEOYAmt
Total Assets EOYFMV	$943,560,294	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$4,411	AccountsPayableBOYAmt
Accounts Payable EOY	$14,035	AccountsPayableEOYAmt
Total Liabilities BOY	$4,411	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$14,035	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$63,060,632	CapitalStockBOYAmt
Capital Stock EOY	$690,343,116	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$0	RetainedEarningBOYAmt
Retained Earning EOY	$0	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$63,060,632	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$690,343,116	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$63,065,043	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$690,357,151	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$63,060,632	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$627,859,317	ExcessRevenueOverExpensesAmt
Other Increases	$25,069	OtherIncreasesAmt
Subtotal	$690,945,018	SubtotalAmt
Other Decreases	$601,902	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$690,343,116	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICLY TRADED SECURITIES	P	$1,133,486	$7,329,236	-$6,195,750	-$6,195,750
LOSS ON CONVERTIBLE NOTE	P		$690,650	-$690,650	-$690,650
CAPITAL GAIN FROM PASSTHROUGH	P	$759,211		$759,211	$759,211
CAPITAL GAINS DIVIDENDS	P	$877		$877	$877

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$6,126,312	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$207,571	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$207,571	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$207,571	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$43,174	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$75,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$118,174	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$363	EsPenaltyAmt
Tax Due	$89,760	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	GA	OrgReportOrRegisterStateCd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	Yes (1)	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	ALIYA CARBONE	IndividualWithBooksNm
Phone	4044864668	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1908 CLIFF VALLEY WAY	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30329	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
AMY R KREISLER
1908 CLIFF VALLEY WAY	ATLANTA	GA	30329	EXECUTIVE DIRECTOR	15.00	$133,333	$0	$0
MARGARET H ROLLINS
1908 CLIFF VALLEY WAY	ATLANTA	GA	30329	TRUSTEE	1.00	$0	$0	$0
PAM ROLLINS
1908 CLIFF VALLEY WAY	ATLANTA	GA	30329	TRUSTEE	1.00	$0	$0	$0
TIM ROLLINS
1908 CLIFF VALLEY WAY	ATLANTA	GA	30329	TRUSTEE	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RFA MANAGEMENT CO	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1908 CLIFF VALLEY WAY	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30329	ZIPCd

Field	Value	IRS element (for citing)
Service Type	MANAGEMENT	ServiceTypeTxt
Compensation	$1,502,203	CompensationAmt

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$278,799,844	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$57,748,998	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$257,004,896	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$593,553,738	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$21,574,576	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$593,553,738	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,903,306	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$584,650,432	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$29,232,522	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$29,232,522	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$207,571	TaxBasedOnInvestmentIncomeAmt
Total Tax	$207,571	TotalTaxAmt
Distributable Before Adj	$29,024,951	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$29,024,951	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$29,024,951	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$43,734,659	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$43,734,659	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$29,024,951	DistributableAsAdjustedAmt
Undistributed Income PY	$9,755,090	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$43,734,659	QualifyingDistributionsAmt
Applied To Year1	$9,755,090	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$29,024,951	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$4,954,618	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$4,954,618	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$4,954,618	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$4,954,618	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
ATLANTA HISTORY CENTER
130 WEST PACES FERRY ROAD NW	ATLANTA	GA	30305	N/A	PC	SWAN HOUSE BALL	$4,971,236
ATLANTA RONALD MCDONALD HOUSE
795 GATEWOOD ROAD NE	ATLANTA	GA	30329	N/A	PC	GENERAL SUPPORT	$1,669,414
ATLANTA SPEECH SCHOOL
3160 NORTHSIDE PARKWAY NW	ATLANTA	GA	30327	N/A	PC	GENERAL SUPPORT	$2,038,595
BEEBE MEDICAL FOUNDATION
902 SAVANNAH ROAD	LEWES	DE	19958	N/A	PC	MAINTENANCE ENDOWMENT	$1,008,064
BEN FRANKLIN ACADEMY
1585 CLIFTON ROAD NE	ATLANTA	GA	30329	N/A	PC	ANNUAL FUND	$50,000
CAESAR KLEBERG WILDLIFE RESEARCH
1125 WEST AVENUE B JOHN HOWE	KINGSVILLE	TX	78363	N/A	PC	GENERAL SUPPORT	$5,000	BUILDING RM 159
CHILDREN'S BEACH HOUSE INC
100 W 10TH STREET STE 411	WILMINGTON	DE	198011674	N/A	PC	GENERAL SUPPORT	$538,388
CHILDREN'S HEALTHCARE OF ATLANTA FOUNDATION
1577 NE EXPRESSWAY SUITE A	ATLANTA	GA	30329	N/A	PC	GENERAL SUPPORT	$50,000
EMORY UNIVERSITY
1762 CLIFTON ROAD SUITE 1400	ATLANTA	GA	30322	N/A	PC	GOIZUETA ALZHEIMER'S DISEASE RESEARCH CENTER	$3,208,213
FIDELITY CHARITABLE
PO BOX 770001	CINCINNATI	OH	45277	N/A	PC	DONOR ADVISED FUND	$6,000,000
GA COURT APPOINTED ADVOCATES (CASA)
1776 PEACHTREE ROAD NW SUITE 219	ATLANTA	GA	30309	N/A	PC	GENERAL SUPPORT	$10,000	SOUTH TOWER
GEORGE WEST MENTAL HEALTH FOUNDATION INC
1961 N DRUID HILLS RD NE	BROOKHAVEN	GA	30329	N/A	PC	GENERAL SUPPORT	$7,511,586
LEWES FIRE DEPARTMENT
PO BOX 225	LEWES	GA	19958	N/A	PC	GENERAL SUPPORT	$5,000
LEWES HISTORICAL SOCIETY
110 SHIPCARPENTER STREET	LEWES	DE	19958	N/A	PC	LEWES HISTORY MUSEUM CAMPAIGN	$500,000
LEWES IN BLOOM INC
PO BOX 308	LEWES	DE	19958	N/A	PC	GENERAL SUPPORT	$500
LIFT YOUTH CENTER
7793 NASHVILLE STREET	RINGGOLD	GA	30736	N/A	PC	GENERAL SUPPORT	$5,031,945
LOVETT SCHOOL
4075 PACES FERRY ROAD NW	ATLANTA	GA	30327	N/A	PC	GENERAL SUPPORT	$6,050,000
PATH FOUNDATION
PO BOX 14327	ATLANTA	GA	30324	N/A	PC	GENERAL SUPPORT	$20,000
PEACHTREE RD UNITED METHODIST CHURCH
3180 PEACHTREE ROAD NW	ATLANTA	GA	30324	N/A	PC	ANNUAL FUND	$551,310
ROLLINS CHILD DEVELOPMENT CENTER (TRCDC)
678 HENDERSON DRIVE	CARTERSVILLE	GA	30120	N/A	PC	EDUCATION	$4,223,936
ROLLINS EMPLOYEE RELIEF
2170 PIEDMONT ROAD NW	ATLANTA	GA	30324	N/A	PC	GENERAL SUPPORT	$20,000
SCHENCK SCHOOL
282 MT PARAN ROAD	ATLANTA	GA	30327	N/A	PC	GENERAL SUPPORT	$50,000
UNITED WAY OF GREATER ATLANTA
100 EDGEWOOD AVENUE NE	ATLANTA	GA	30303	N/A	PC	GENERAL SUPPORT	$56,000
VISITING NURSE HEALTH SYSTEM
5775 GLENRIDGE DRIVE NE SUITE E200	ATLANTA	GA	30328	N/A	PC	GENERAL SUPPORT	$15,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$43,584,187	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ATLANTA BOTANICAL GARDEN
1345 PIEDMONT AVE NE	ATLANTA	GA	30309	N/A	PC	CAPITAL CAMPAIGN	$10,000,000
FERNBANK MUSEUM OF NATURAL HISTORY
767 CLIFTON ROAD NE	ATLANTA	GA	30307	N/A	PC	CAPITAL CAMPAIGN	$3,000,000
NORTHSIDE YOUTH ORGANIZATION
PO BOX 420486	ATLANTA	GA	30342	N/A	PC	CAPITAL CAMPAIGN	$1,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$14,000,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$16,408,032	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Business	523000	BusinessCd
Unrelated Business Taxbl Incm	$187,171	UnrelatedBusinessTaxblIncmAmt
Exclusion	14	ExclusionCd
Exclusion	$652,124	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	523000	BusinessCd
Unrelated Business Taxbl Incm	$105,874	UnrelatedBusinessTaxblIncmAmt
Exclusion	18	ExclusionCd
Exclusion	-$6,126,312	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	FEDERAL TAX REFUND	Desc
Exclusion	01	ExclusionCd
Exclusion	$53,001	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$293,045	UnrelatedBusinessTaxblIncmAmt
Exclusion	$10,986,845	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$11,279,890	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	R RANDALL ROLLINS 2012 TRUST	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	1908 CLIFF VALLEY WAY	AddressLine1Txt
City	ATLANTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	30329	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$662,557,823	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
1	101,034 SHRS ROLLINS INC COM	$4,666,760	2024-05-28
1	1,404,028 SHRS RPC INC COM	$9,519,309	2024-05-28
1	NOTE RECEIVABLE	$18,984,437	2024-08-01
1	NOTE RECEIVABLE	$501,085,401	2024-08-01

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	RETURN PREP AND TAX COMPLIANCE FEES	CategoryTxt
Amt	$6,400	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$6,400	DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

Field	Value	IRS element (for citing)
Asset	CAPITAL GAIN FROM PASSTHROUGH	AssetDesc
How Acquired	PURCHASED	HowAcquiredTxt
Gross Sales Price	$105,874	GrossSalesPriceAmt
Basis Method	COST	BasisMethodTxt
Sales Expense	$0	SalesExpenseAmt
Total Net	$105,874	TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (1838 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
5,413,068 SHS ROLLINS INC COM	$8,955,850	$242,170,824
5,695 SHS MASTERCARD INC	$248,048	$251,174
455,251 SHS RPC INC	$4,837,657	$11,044,117
CNH INDUSTRIAL NV COM STK	$10,601	$10,956
ADR SUNRISE COMMUNICATIONS AG ADR SER A	$2,218	$2,111
#REORG/ BERRY GLOBAL GROUP INC MERGER AMCOR PLC 2Y19AS2 04-30-2025	$10,566	$10,218
#REORG/ DISCOVER FINL SVCS STOCK MERGER CAPITAL ONE FINL CORP 2108876 05-19-	$34,890	$36,205
#REORG/ANSYS INC MERGER SYNOPSYS INC 2851468 07-18-2025	$16,787	$16,867
#REORG/JUNIPER MERGER 07-02-2025	$16,260	$16,216
1ST INDL RLTY TR INC COM	$16,146	$15,403
3M CO COM	$45,423	$44,536
5TH 3RD BANCORP COM	$15,856	$14,714
ABBOTT LAB COM	$116,786	$113,788
ABBVIE INC COM USD0.01	$183,402	$183,031
ACCENTURE PLC CLS A	$133,063	$130,866
ACUITY INC	$16,259	$14,899
ADOBE INC COM	$127,311	$115,172
ADVANCED DRAIN SYS INC DEL COM	$10,608	$9,248
ADVANCED MICRO DEVICES INC COM	$134,564	$112,335
AECOM	$5,312	$5,341
AES CORP COM	$5,291	$3,900
AFFILIATED MANAGERS GROUP INC COM STK	$16,170	$15,903
AFFIRM HLDGS INC CL A CL A	$11,669	$11,449
AFLAC INC COM	$44,320	$41,790
AGILENT TECHNOLOGIES INC COM	$18,311	$18,439
AGREE RLTY CORP COM	$16,291	$15,272
AIR PROD & CHEM INC COM	$45,095	$41,185
AIRBNB INC CL A COM USD0.0001 CL A	$40,600	$40,080
AKAMAI TECHNOLOGIES INC COM STK	$5,171	$4,783
ALBEMARLE CORP COM	$10,582	$8,821
ALBERTSONS COS INC CL A CL A	$10,609	$10,959
ALEXANDRIA REAL ESTATE EQUITIES INC COM	$21,498	$19,972
ALIGN TECHNOLOGY INC COM	$5,355	$5,004
ALLEGION PLC COMMON STOCK	$5,357	$4,704
ALLIANT ENERGY CORP COM	$5,301	$5,204
ALLSTATE CORP COM	$37,257	$36,923
ALNYLAM PHARMACEUTICALS INC COM	$17,514	$16,472
ALPHABET INC CAPITAL STOCK USD0.001 CL A	$1,089,442	$1,153,784
ALTRIA GROUP INC COM	$54,786	$54,483
AMAZON COM INC COM	$1,105,451	$1,173,737
AMCOR PLC ORD USD0.01	$5,303	$4,413
AMDOCS ORD GBP0.01	$21,339	$20,805
AMER ELEC PWR CO INC COM	$36,000	$34,771
AMER FINL GROUP INC OH COM STK	$16,081	$15,747
AMEREN CORP COM	$21,329	$21,394
AMERICAN AIRLINES INC COM USD1	$16,053	$16,593
AMERICAN EXPRESS CO	$95,905	$98,831
AMERICAN HOMES 4 RENT COMMON STOCK	$5,258	$5,201
AMERICAN INTERNATIONAL GROUP INC COM	$39,039	$37,856
AMERICAN TOWER CORP	$39,665	$35,156
AMERICAN WTR WKS CO INC NEW COM	$16,104	$14,565
AMERIPRISE FINL INC COM	$37,756	$37,270
AMETEK INC NEW COM	$34,827	$33,709
AMGEN INC COM	$92,831	$82,884
AMPHENOL CORP NEW CL A	$47,611	$46,921
ANALOG DEVICES INC COM	$63,770	$61,401
ANNALY CAPITAL MANAGEMENT INC COM NEW COM USD0.01(POST REV SPLT)	$5,275	$5,060
AON PLC	$44,306	$43,458
APA CORP COM	$5,223	$4,479
API GROUP CORPORATION COM USD0.0001	$16,073	$15,395
APOLLO GLOBAL MANAGEMENT INC COM USD0.00001	$52,903	$54,172
APPLE INC COM STK	$1,974,244	$2,091,257
APPLIED MATERIALS INC COM	$89,113	$77,412
APPLOVIN CORP COM CL A COM CL A	$41,104	$50,841
APTARGROUP INC COM	$5,343	$5,027
APTIV PLC NEW ORD USD0.01	$5,247	$4,476
ARCH CAPITAL GROUP COM STK	$18,902	$19,024
ARCHER-DANIELS-MIDLAND CO COM	$16,281	$15,004
ARES MANAGEMENT LP COM SHS REPSTG LTD PARTNER	$17,235	$18,411
ARISTA NETWORKS INC COM NEW	$61,942	$66,097
ASSURANT INC COM	$16,104	$15,778
ASSURED GUARANTY LTD COMMON STK	$10,692	$10,441
AT&T INC COM	$92,573	$93,767
ATLASSIAN CORP CL A	$16,748	$18,497
ATMOS ENERGY CORP COM	$5,322	$5,292
AUTODESK INC COM	$42,587	$42,267
AUTOMATIC DATA PROCESSING INC COM	$71,313	$70,791
AUTOZONE INC COM	$39,030	$38,424
AVALONBAY CMNTYS REIT	$16,712	$16,404
AVANTOR INC COM	$5,329	$4,467
AVERY DENNISON CORP COM	$5,265	$4,491
AVNET INC COM	$10,561	$10,412
AXON ENTERPRISE INC COM	$17,447	$19,613
BAKER HUGHES CO	$34,141	$33,924
BALL CORP COM	$5,316	$4,466
BANK OF AMERICA CORP	$177,004	$173,822
BAXTER INTL INC COM	$5,296	$4,224
BECTON DICKINSON & CO COM	$42,707	$41,971
BENTLEY SYS INC CL B CL B	$16,560	$15,971
BERKLEY W R CORP COM	$5,343	$5,267
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS'B'	$481,894	$470,958
BEST BUY INC COM STK	$5,221	$4,683
BIO RAD LABORATORIES INC CL A CL A	$16,364	$15,767
BIOGEN INC COMMON STOCK	$15,770	$14,373
BIOMARIN PHARMACEUTICAL INC COM ISIN CH0008107010	$5,277	$4,930
BIO-TECHNE CORP COM	$5,260	$5,185
BJS WHSL CLUB HLDGS INC COM	$16,280	$14,742
BLACKSTONE INC COM USD0.00001	$74,613	$73,450
BLOCK INC	$35,787	$35,355
BLUE OWL CAP INC COM CL A	$10,720	$10,838
BOEING CO COM	$62,726	$72,038
BOK FINL CORP COM NEW	$10,515	$9,792
BOOKING HLDGS INC COM	$91,118	$94,400
BOOZ ALLEN HAMILTON HLDG CORP CL A COM STK	$21,664	$19,690
BOSTON SCIENTIFIC CORP COM	$73,534	$73,241
BRIGHTHOUSE FINL INC COM	$5,311	$5,476
BRISTOL MYERS SQUIBB CO COM	$67,252	$68,946
BRIXMOR PPTY GROUP INC COM	$10,692	$10,188
BROADCOM INC COM	$513,471	$608,347
BROADRIDGE FINL SOLUTIONS INC COM STK	$21,434	$21,046
BROWN & BROWN INC COM	$15,957	$14,996
BROWN-FORMAN INC CL B NON-VTG COM	$5,298	$4,164
BRUNSWICK CORP COM	$5,273	$4,139
BUILDERS FIRSTSOURCE INC COM STK	$21,182	$17,722
BUNGE GLOBAL SA F COMMON STOCK	$5,182	$4,198
BURLINGTON STORES INC COM	$5,301	$5,985
BWX TECHNOLOGIES INC COM	$16,266	$14,814
BXP INC	$5,316	$4,745
C H ROBINSON WORLDWIDE INC COM NEW COM NEW	$5,274	$4,988
CACI INTL INC CL A CL A	$5,263	$4,040
CADENCE DESIGN SYS INC COM	$49,028	$49,575
CAESARS ENTMT INC NEW COM	$5,373	$3,943
CAMDEN PPTY TR SH BEN INT	$10,511	$10,301
CAPITAL ONE FINL CORP COM	$43,323	$44,222
CARDINAL HLTH INC	$15,925	$16,084
CARLISLE COMPANIES INC COM	$5,252	$4,056
CARMAX INC COM	$5,292	$5,967
CARNIVAL CORP COM PAIRED	$21,382	$21,904
CARRIER GLOBAL CORPORATION COM USD0.01 WI	$41,962	$37,803
CARVANA CO CL A CL A	$21,345	$18,708
CASEYS GEN STORES INC COM	$5,460	$5,546
CATERPILLAR INC COM	$107,886	$101,210
CAVA GROUP INC COM	$10,237	$8,459
CBOE GLOBAL MARKETS INC	$5,177	$4,884
CBRE GROUP INC CL A CL A	$17,917	$18,380
CDW CORP COM	$16,375	$14,792
CELANESE CORP DEL COM STK	$5,281	$2,698
CENCORA INC	$17,694	$16,850
CENTENE CORP DEL COM	$21,590	$20,112
CENTERPOINT ENERGY INC COM	$5,280	$5,647
CF INDS HLDGS INC COM	$5,233	$5,118
CHARLES RIV LABORATORIES INTL INC COM	$16,253	$15,690
CHARTER COMMUNICATIONS INC NEW CL A CL A	$16,780	$15,766
CHEMED CORP NEW COM	$10,682	$10,065
CHENIERE ENERGY INC COM NEW	$19,068	$20,197
CHEVRON CORP COM	$155,438	$145,853
CHIPOTLE MEXICAN GRILL INC COM STK	$48,075	$47,455
CHORD ENERGY CORPORATION COM USD0.01	$5,162	$4,560
CHUBB LTD ORD CHF24.15	$61,983	$60,101
CHURCH & DWIGHT INC	$15,998	$15,601
CIENA CORP COM NEW	$10,404	$13,314
CIN FNCL CORP COM	$16,244	$16,040
CINTAS CORP COM	$43,356	$37,087
CISCO SYSTEMS INC	$126,793	$132,548
CITIGROUP INC COM NEW COM NEW	$79,494	$80,314
CITIZENS FINL GROUP INC COM	$21,974	$21,398
CLEAN HBRS INC COM	$5,214	$4,602
CLOROX CO COMMON STOCK USD 1 PAR	$21,552	$21,275
CLOUDFLARE INC COM	$16,363	$19,058
CME GROUP INC COM STK	$52,121	$54,032
CMS ENERGY CORP COM	$21,370	$20,994
CNA FNCL CORP COM	$5,298	$5,175
COCA COLA CO COM	$145,106	$138,652
COGNEX CORP COM	$5,323	$4,768
COGNIZANT TECH SOLUTIONS CORP CL A	$17,781	$17,763
COHERENT CORP COM	$5,178	$4,736
COINBASE GLOBAL INC COM CL A	$37,244	$33,023
COLGATE-PALMOLIVE CO COM	$45,842	$43,272
COLUMBIA BKG SYS INC COM	$10,451	$9,210
COM ALCOA CORPORATION COM USD0.01	$10,478	$9,028
COMCAST CORP NEW-CL A	$95,244	$86,468
COMFORT SYS USA INC COM	$5,435	$5,512
COMM BANCSHARES INC COM	$10,597	$9,595
CONAGRA BRANDS INC COM USD5	$5,226	$4,966
CONOCOPHILLIPS COM	$89,096	$82,013
CONS EDISON INC COM	$15,801	$14,276
CONSTELLATION BRANDS INC CL A CL A	$18,331	$16,795
CONSTELLATION ENERGY CORPORATION COM NPV WI	$47,426	$42,951
COPART INC COM	$36,068	$35,523
CORE & MAIN INC COM CL A COM CL A	$16,197	$15,680
CORNING INC COM	$17,762	$18,104
CORPAY INC COM	$15,661	$14,890
CORTEVA INC COM USD0.01 WI	$18,730	$18,796
COSTAR GROUP INC COM	$17,014	$16,465
COSTCO WHOLESALE CORP NEW COM	$239,309	$233,648
COTERRA ENERGY INC COM	$5,168	$5,388
COUSINS PPTYS INC	$10,651	$10,540
CRANE CO NEW COM	$16,082	$14,871
CROWDSTRIKE HLDGS INC CL A CL A	$46,328	$46,191
CROWN CASTLE INC COM	$20,299	$17,062
CROWN HLDGS INC COM	$15,996	$15,131
CSX CORP COM STK	$41,409	$38,950
CUBESMART	$16,183	$14,911
CULLEN / FROST BANKERS INC COM	$10,564	$10,202
CUMMINS INC	$37,251	$36,253
CURTISS WRIGHT CORP COM	$5,220	$5,322
CVS HEALTH CORP COM	$48,176	$38,290
D R HORTON INC COM	$38,788	$33,416
DANAHER CORP COM	$93,132	$87,331
DARDEN RESTAURANTS INC COM	$21,651	$24,270
DATADOG INC COM USD0.00001 CL A	$18,131	$20,432
DAYFORCE INC	$10,472	$10,241
DECKERS OUTDOOR CORP COM	$16,097	$19,090
DEERE & CO COM	$60,010	$61,245
DELL TECHNOLOGIES INC COM USD0.01 CL C WI COMMON STOCK	$17,934	$15,556
DELTA AIR LINES INC DEL COM NEW COM NEW	$18,715	$19,420
DEVON ENERGY CORP NEW COM	$15,898	$12,960
DEXCOM INC COM	$16,549	$17,420
DIAMONDBACK ENERGY INC COM	$18,941	$16,710
DICKS SPORTING GOODS INC OC-COM OC-COM	$5,333	$5,950
DIGITAL RLTY TR INC COM	$38,877	$38,817
DOCUSIGN INC COM	$5,214	$6,834
DOLBY LABORATORIES INC CL A COM STK	$16,083	$15,853
DOLLAR GEN CORP NEW COM	$21,117	$20,698
DOLLAR TREE INC COM STK	$5,153	$5,694
DOMINION ENERGY INC COM STK NPV	$36,031	$34,631
DOMINOS PIZZA INC COM	$10,781	$10,073
DONALDSON INC COM	$10,518	$9,293
DOORDASH INC CL A COM USD0.00001 CLASS A	$39,709	$39,588
DOVER CORP COM USD1.00	$21,422	$20,260
DOW INC COM USD0.01 WI	$18,147	$15,290
DRAFTKINGS INC NEW CL A	$5,191	$5,095
DT MIDSTREAM INC COM USD0.01 WI	$16,001	$15,908
DTE ENERGY CO COM	$21,591	$21,176
DUKE ENERGY CORP NEW COM NEW COM NEW	$48,221	$46,327
DUOLINGO INC CL A COM CL A COM	$16,756	$15,562
DUPONT DE NEMOURS INC COMMON STOCK	$17,817	$16,240
DYNATRACE INC COM	$5,197	$5,162
EAGLE MATLS INC COM	$5,354	$4,445
EAST WEST BANCORP INC COM	$5,268	$5,650
EASTGROUP PPTYS INC REIT	$16,035	$15,217
EASTMAN CHEM CO COM	$5,193	$4,330
EATON CORP PLC COM USD0.50	$80,116	$75,333
EBAY INC COM	$16,859	$16,478
ECOLAB INC COM STK USD1	$40,271	$37,830
EDISON INTL COM	$16,360	$15,488
EDWARDS LIFESCIENCES CORP COM	$36,085	$37,458
ELECTR ARTS COM	$33,889	$31,892
ELI LILLY & CO COM NPV	$376,831	$358,207
EMCOR GROUP INC COM	$21,830	$20,878
EMERSON ELECTRIC CO COM	$43,747	$43,746
ENCOMPASS HEALTH CORP COM USD0.01	$5,278	$5,078
ENPHASE ENERGY INC COM	$5,254	$3,571
ENTEGRIS INC COM	$5,308	$4,755
ENTERGY CORP NEW COM	$15,977	$16,832
EOG RESOURCES INC COM	$51,942	$48,664
EPAM SYS INC COM STK	$5,283	$6,313
EQT CORP COM	$21,003	$22,732
EQTY LIFESTYLE PPTYS INC REIT	$5,245	$5,165
EQTY RESDNTL EFF 5/15/02	$16,506	$16,002
EQUIFAX INC COM	$17,829	$17,330
EQUINIX INC COM USD0.001	$52,054	$53,745
ESSENTIAL UTILS INC COM	$5,340	$4,867
ESSEX PPTY TR REIT	$5,235	$5,138
ESTEE LAUDER COMPANIES INC CL A USD0.01	$21,236	$19,195
EURONET WORLDWIDE INC COM	$16,518	$16,043
EVEREST GROUP LTD	$5,151	$4,712
EVERGY INC COM NPV	$16,078	$16,003
EVERSOURCE ENERGY COM	$15,814	$14,472
EXACT SCIENCES CORP COM	$5,248	$4,158
EXELON CORP COM	$17,423	$16,562
EXPAND ENERGY CORP	$11,549	$11,846
EXPEDIA GROUP INC COM USD0.001	$21,399	$22,919
EXPEDITORS INTL WASH INC COM	$5,257	$4,763
EXTRA SPACE STORAGE INC COM	$15,184	$13,763
EXXON MOBIL CORP COM	$305,181	$278,714
F5 INC COM STK NPV	$5,262	$6,035
FACTSET RESH SYS INC COM STK	$10,693	$10,566
FAIR ISAAC CORPORATION COM	$21,738	$19,909
FASTENAL CO COM	$19,753	$17,834
FEDERAL RLTY INVT TR COM USD0.01	$10,439	$10,411
FEDEX CORP COM	$42,842	$42,611
FERGUSON ENTERPRISES INC USD0.0001	$19,464	$16,917
FIDELITY NATL INFORMATION SVCS INC COM STK	$37,109	$34,812
FIRST CTZNS BANCSHARES INC CL A CL A	$23,010	$23,243
FIRST HAWAIIAN INC COM	$5,302	$5,787
FIRST SOLAR INC COM	$21,031	$18,681
FIRSTENERGY CORP COM	$5,306	$4,893
FISERV INC COM	$70,076	$70,664
FLOOR & DECOR HLDGS INC CL A CL A	$5,266	$4,686
FORD MTR CO DEL COM PAR $0.01 COM PAR $0.01	$19,501	$17,414
FORTINET INC COM USD0.001	$38,324	$39,587
FORTIVE CORP COM MON STOCK	$15,726	$15,600
FORTUNE BRANDS INNOVATIONS INC USD0.01	$5,329	$4,100
FOX CORP CL A CL A	$5,267	$6,170
FREEPORT-MCMORAN INC	$41,223	$35,681
FRKLN RES INC COM	$10,583	$10,016
GALLAGHER ARTHUR J & CO COM	$41,460	$40,591
GARMIN LTD COMMON STOCK	$17,232	$18,563
GARTNER INC COM	$17,765	$16,472
GE AEROSPACE	$113,134	$105,254
GE HEALTHCARE TECHNOLOGIES INC COM	$18,585	$16,809
GE VERNOVA LLC COM	$49,989	$52,998
GEN DIGITAL INC COM USD0.01	$5,251	$5,175
GEN MTRS CO COM	$41,428	$42,083
GENERAL DYNAMICS CORP COM	$47,306	$43,739
GENERAL MILLS INC COM	$17,554	$16,963
GENTEX CORP COM	$15,984	$15,112
GENUINE PARTS CO COM	$21,209	$20,004
GILEAD SCIENCES INC	$65,299	$67,800
GLOBAL PMTS INC COM	$16,268	$16,473
GLOBANT SA USD1.20	$16,218	$15,867
GLOBE LIFE INC COM	$5,326	$5,464
GLOBUS MED INC CL A NEW COM STK	$16,017	$16,128
GODADDY INC CL A CL A	$16,012	$17,763
GOLDMAN SACHS GROUP INC COM	$104,599	$106,507
GRACO INC COM	$5,303	$5,142
GRAINGER W W INC COM	$19,367	$17,919
GRAPHIC PACKAGING HLDG CO COM STK	$10,578	$10,168
GUIDEWIRE SOFTWARE INC COM USD0.0001	$5,256	$4,720
HALLIBURTON CO COM	$16,010	$14,275
HCA HEALTHCARE INC COM	$43,835	$38,119
HEALTHPEAK OP LLC	$5,291	$4,905
HEICO CORP NEW COM	$16,272	$14,502
HENRY SCHEIN INC COMMON STOCK	$11,071	$10,588
HERSHEY COMPANY COM STK USD1	$15,758	$15,242
HESS CORP COM STK	$17,692	$16,360
HEWLETT PACKARD ENTERPRISE CO COM	$16,026	$16,239
HF SINCLAIR CORPORATION COM USD0.01	$15,509	$15,072
HILTON WORLDWIDE HLDGS INC COM NEW COM NEW	$24,831	$25,210
HOLOGIC INC COM	$5,348	$4,758
HOME DEPOT INC COM	$232,674	$219,001
HONEYWELL INTL INC COM STK	$85,219	$84,709
HORMEL FOODS CORP COM	$5,251	$5,302
HOULIHAN LOKEY INC CL A CL A	$5,237	$5,383
HOWMET AEROSPACE INC COM USD1.00 WI	$19,637	$19,905
HP INC COM	$17,938	$15,768
HUBBELL INC COM	$11,184	$10,472
HUBSPOT INC COM	$16,396	$18,116
HUMANA INC COM	$19,576	$18,331
HUNT J B TRANS SVCS INC COM	$5,378	$5,290
HUNTINGTON BANCSHARES INC COM	$5,312	$5,601
HUNTINGTON INGALLS INDS INC COM	$10,628	$10,204
HYATT HOTELS CORP COM CL A COM CL A	$10,521	$10,832
IAC INC COM NEW	$10,576	$9,663
IDACORP INC COM	$5,317	$5,683
IDEX CORP COM	$5,318	$5,232
IDEXX LABS INC COM	$18,126	$16,951
ILL TOOL WKS INC COM	$43,668	$41,575
ILLUMINA INC COM	$21,581	$19,777
INCYTE CORP COM	$10,582	$9,601
INGERSOLL RAND INC COM	$18,348	$16,283
INGREDION INC COM	$10,420	$10,317
INSULET CORP COM STK	$5,321	$6,005
INTEL CORP COM	$57,194	$50,085
INTERACTIVE BROKERS GROUP INC CL COM	$5,307	$6,183
INTERCONTINENTAL EXCHANGE INC COM	$54,300	$50,961
INTERNATIONAL BUSINESS MACHS CORP COM	$120,726	$118,488
INTERPUBLIC GROUP COMPANIES INC COM	$5,254	$4,679
INTL FLAVORS & FRAGRANCES INC COM	$15,894	$14,781
INTL PAPER CO COM	$5,246	$5,866
INTUIT COM	$105,335	$101,189
INTUITIVE SURGICAL INC COM NEW STK	$107,487	$107,524
INVESCO LTD COM STK USD0.20	$10,432	$10,418
INVITATION HOMES INC COM	$21,596	$20,743
IQVIA HLDGS INC COM USD0.01	$18,386	$17,489
IRON MTN INC NEW COM	$17,458	$15,768
ITT INC COM	$5,382	$5,001
JABIL INC COM USD0.001	$10,483	$11,800
JACK HENRY & ASSOC INC COM	$5,326	$5,084
JACOBS SOLUTIONS INC COM	$10,536	$10,022
JANUS HENDERSON GROUP PLC ORD USD1.50	$10,534	$10,080
JAZZ PHARMACEUTICALS PLC COM USD0.0001	$10,431	$10,714
JEFFERIES FINL GROUP INC COM	$5,327	$6,429
JOHNSON & JOHNSON COM USD1	$214,325	$201,311
JOHNSON CTLS INTL PLC COM USD0.01	$37,891	$36,716
JONES LANG LASALLE INC COM STK	$5,343	$5,063
JPMORGAN CHASE & CO COM	$391,576	$398,877
KELLANOVA COM USD0.25	$5,241	$5,263
KENVUE INC COM	$18,753	$17,507
KEURIG DR PEPPER INC COM	$17,994	$17,313
KEYCORP NEW COM	$5,296	$5,228
KEYSIGHT TECHNOLOGIES INC COM	$16,081	$16,866
KIMBERLY-CLARK CORP COM	$20,200	$19,178
KIMCO REALTY CORPORATION	$5,287	$5,295
KINDER MORGAN INC DEL COM	$20,282	$21,098
KINSALE CAP GROUP INC COM	$16,112	$14,884
KKR & CO INC CL A CL A	$59,407	$59,608
KLA CORPORATION COM USD0.001	$56,198	$49,779
KNIGHT-SWIFT TRANSN HLDGS INC CL A CLASSA COMMON STOCK USD0.01	$10,626	$10,025
KRAFT HEINZ CO COM	$16,659	$15,693
KROGER CO COM	$17,076	$18,345
L3HARRIS TECHNOLOGIES INC COM	$36,275	$32,383
LABCORP HLDGS INC COM	$10,768	$10,319
LAM RESH CORP COM NEW	$55,637	$55,156
LAMAR ADVERTISING CO NEW CL A CL A	$5,307	$4,748
LAMB WESTON HLDGS INC COM USD5	$16,699	$13,566
LANDSTAR SYS INC COM	$5,248	$4,812
LAS VEGAS SANDS CORP COM STK	$5,145	$5,085
LEAR CORP COM NEW COM NEW	$5,233	$4,640
LEIDOS HLDGS INC COM	$15,703	$13,974
LENNAR CORP CL A CL A	$20,077	$15,819
LENNOX INTL INC COM	$5,477	$5,494
LIBERTY BROADBAND CORP COM SER A COM SERA	$5,339	$4,982
LIBERTY GLOBAL LTD. COM USD0.01 CLASS C	$3,032	$3,259
LIBERTY MEDIA CORP DEL COM LIBERTY FORMULA ONE SER A	$21,467	$21,850
LIGHT & WONDER INC COM USD0.001	$16,214	$15,203
LINCOLN ELEC HLDGS INC COM	$5,241	$5,082
LINDE PLC	$124,380	$115,134
LITHIA MTRS INC COM CL A	$10,577	$10,008
LITTELFUSE INC COM	$16,271	$15,317
LIVE NATION ENTERTAINMENT INC	$5,313	$5,957
LKQ CORP COM LKQ CORP	$5,239	$4,925
LOCKHEED MARTIN CORP COM	$63,325	$56,369
LOEWS CORP COM	$5,290	$5,590
LOWES COS INC COM	$88,676	$80,457
LPL FINL HLDGS INC COM	$21,385	$22,856
LULULEMON ATHLETICA INC COM	$26,019	$27,916
LYONDELLBASELL IND N V COM USD0.01 CL 'A'	$23,092	$21,687
M & T BK CORP COM	$16,290	$15,041
MANHATTAN ASSOCS INC COM	$21,558	$19,457
MANPOWERGROUP INC	$5,262	$4,214
MARATHON PETE CORP COM	$38,829	$35,433
MARKEL GROUP INC	$11,934	$12,084
MARKETAXESS HLDGS INC COM STK	$10,689	$9,042
MARRIOTT INTL INC NEW COM STK CL A	$42,037	$42,120
MARSH & MCLENNAN CO'S INC COM	$59,135	$56,501
MARTIN MARIETTA MATLS INC COM	$38,784	$35,639
MARVELL TECHNOLOGY INC COM	$48,295	$55,556
MASCO CORP COM	$5,340	$4,572
MC CORMICK & CO INC COM NON-VTG	$21,417	$20,323
MC DONALDS CORP COM	$120,853	$116,246
MCKESSON CORP	$45,346	$45,630
MEDPACE HLDGS INC COM	$16,402	$15,615
MEDTRONIC PLC COMMON STOCK STOCK	$63,459	$58,823
MERCK & CO INC NEW COM	$153,542	$149,826
META PLATFORMS INC COM USD0.000006 CL 'A'	$745,480	$738,914
METLIFE INC COM STK USD0.01	$38,028	$37,255
METTLER-TOLEDO INTL INC COM	$16,427	$15,908
MGM RESORTS INTERNATIONAL COM	$5,276	$4,574
MICROCHIP TECHNOLOGY INC COM	$19,603	$15,943
MICRON TECH INC COM	$67,796	$54,357
MICROSOFT CORP COM	$1,829,720	$1,804,020
MID-AMER APT CMNTYS INC COM	$5,229	$5,255
MIDDLEBY CORP COM	$10,536	$10,430
MKS INC	$5,410	$5,011
MODERNA INC COM	$5,159	$3,742
MOHAWK INDS INC COM	$10,416	$8,935
MOLINA HEALTHCARE INC COM	$22,877	$21,538
MOLSON COORS BEVERAGE COMPANY COM USD0.01 CLASS B	$15,847	$15,132
MONDELEZ INTL INC COM	$54,523	$50,207
MONGODB INC CL A CL A	$5,202	$4,191
MONOLITHIC PWR SYS INC COM	$19,839	$16,603
MONSTER BEVERAGE CORP NEW COM	$17,971	$18,028
MOODYS CORP COM	$47,981	$47,337
MORGAN STANLEY COM STK USD0.01	$85,741	$86,495
MORNINGSTAR INC COM STK	$10,375	$10,440
MOTOROLA SOLUTIONS INC	$45,821	$44,442
MSCI INC COM USD0.01	$36,583	$36,001
MURPHY USA INC COM	$10,446	$10,035
NASDAQ INC	$17,255	$17,395
NATERA INC COM	$5,280	$6,332
NETAPP INC COM STK	$15,938	$15,206
NETFLIX INC COM STK	$203,782	$220,156
NEUROCRINE BIOSCIENCES INC COM	$5,227	$6,143
NEW YORK TIMES CO CL A ISIN #US6501111073	$10,548	$10,462
NEWMONT CORPORATION	$39,320	$33,089
NEWS CORP COM CL A	$5,242	$5,563
NEXSTAR MEDIA GROUP INC COMMON STOCK	$10,520	$10,268
NEXTERA ENERGY INC COM	$91,604	$84,523
NIKE INC CL B	$57,047	$55,440
NISOURCE INC COM	$10,585	$10,587
NNN REIT INC	$16,128	$15,441
NORDSON CORP COM	$5,158	$4,185
NORFOLK SOUTHN CORP COM	$39,233	$36,613
NORTHERN TR CORP COM	$16,088	$16,107
NORTHROP GRUMMAN CORP COM	$42,127	$39,420
NORWEGIAN CRUISE LINE HLDGS LTD COM USD0.001	$10,451	$10,266
NRG ENERGY INC COM NEW	$5,204	$5,233
NUCOR CORP COM	$18,877	$14,892
NUTANIX INC CL A CL A	$5,254	$4,956
NVENT ELECTRIC PLC COM USD0.01 WI	$5,429	$4,908
NVIDIA CORP COM	$1,835,776	$1,807,678
NVR INC COM STK USD0.01	$9,671	$8,179
O REILLY AUTOMOTIVE INC NEW COM USD0.01	$44,373	$42,689
OCCIDENTAL PETROLEUM CORP	$17,756	$16,825
OGE ENERGY CORP COM	$5,278	$5,445
OKTA INC CL A CL A	$5,274	$5,358
OLD DOMINION FREIGHT LINE INC COM	$17,824	$14,994
OLD REPUBLIC INTERNATIONAL CORP COM STK USD1	$10,597	$10,169
OMNICOM GROUP INC COM	$5,267	$4,424
ON SEMICONDUCTOR CORP COM	$22,720	$20,933
ONEMAIN HLDGS INC COM	$10,480	$9,905
ONEOK INC COM STK	$40,487	$39,056
ONTO INNOVATION INC	$5,365	$4,000
ORACLE CORP COM	$161,771	$151,809
OSHKOSH CORPORATION	$5,310	$4,849
OTIS WORLDWIDE CORP COM USD0.01 WI	$18,378	$16,577
OVINTIV INC COM USD0.01	$5,181	$4,941
OWENS CORNING NEW COM STK	$5,400	$4,939
PACCAR INC COM	$38,980	$37,564
PACKAGING CORP AMER COM ISIN US6951561090	$21,407	$20,827
PALANTIR TECHNOLOGIES INC CL A CL A	$70,021	$89,168
PALO ALTO NETWORKS INC COM USD0.0001	$46,381	$44,398
PARKER-HANNIFIN CORP COM	$48,213	$45,794
PAYCHEX INC COM	$35,406	$34,915
PAYCOM SOFTWARE INC COM	$10,427	$9,839
PAYPAL HLDGS INC COM	$52,190	$52,064
PENSKE AUTOMOTIVE GROUP INC COM STK	$16,119	$15,092
PENTAIR PLC COM USD0.01	$5,324	$5,435
PENUMBRA INC COM	$16,415	$15,674
PEPSICO INC COM	$132,542	$123,725
PERFORMANCE FOOD GROUP CO COM	$5,326	$5,496
PFIZER INC COM	$89,992	$90,149
PG& E CORP COM	$16,750	$16,285
PHILIP MORRIS INTL COM STK NPV	$115,666	$111,964
PHILLIPS 66 COM	$23,868	$20,280
PINNACLE FINL PARTNERS INC COM	$5,288	$6,063
PINNACLE W. CAP CORP COM	$16,003	$15,598
PINTEREST INC CL A CL A	$5,229	$4,466
PNC FINANCIAL SERVICES GROUP COM STK	$53,251	$51,491
POOL CORP COM STK	$5,147	$4,773
PPG IND INC COM	$15,944	$15,170
PPL CORP COM ISIN US69351T1060	$5,323	$5,431
PREMIER INC CL A CL A	$10,516	$9,943
PRIMERICA INC COM	$5,285	$5,157
PRINCIPAL FINL GROUP INC COM STK	$15,849	$14,011
PROCTER & GAMBLE COM NPV	$229,585	$223,980
PROGRESSIVE CORP OH COM	$82,382	$77,873
PROLOGIS INC COM	$65,477	$60,038
PROSPERITY BANCSHARES INC COM	$10,593	$9,719
PTC INC COM	$21,558	$20,226
PUB SERVICE ENTERPRISE GROUP INC COM	$17,474	$16,476
PUB STORAGE COM	$38,425	$34,735
PULTE GROUP INC	$21,842	$19,314
PURE STORAGE INC CL A CL A	$5,349	$6,082
PVH CORP COM USD1	$10,342	$10,892
QORVO INC COM	$10,687	$11,259
QUALCOMM INC COM	$106,980	$99,085
QUANTA SVCS INC COM	$21,549	$21,175
QUEST DIAGNOSTICS INC COM	$5,242	$5,280
RALPH LAUREN CORP CL A CL A	$16,495	$16,458
RAYMOND JAMES FNCL INC COM STK	$16,238	$16,776
RBC BEARINGS INC COM	$10,819	$10,171
REALTY INCOME CORP COM	$22,024	$19,922
REGAL REXNORD CORPORATION COM STK USD0.01	$5,477	$4,820
REGENCY CTRS CORP COM	$5,300	$5,598
REGENERON PHARMACEUTICALS INC COM	$53,142	$45,589
REGIONS FINL CORP NEW COM	$5,306	$5,277
REINSURANCE GROUP AMER INC COM NEW STK	$5,226	$5,127
RELIANCE INC COM NPV	$5,247	$4,847
RENAISSANCE RE HLDGS LTD COM	$5,283	$4,727
REPUBLIC SVCS INC COM	$18,934	$18,307
RESMED INC COM	$17,909	$17,152
REVVITY INC	$5,235	$4,799
REXFORD INDL RLTY INC COM	$5,278	$4,338
RIVIAN AUTOMOTIVE INC	$16,863	$14,909
RLI CORP COM	$5,264	$5,439
ROBINHOOD MKTS INC COM CL A COM CL A	$22,504	$22,393
ROBLOX CORP COM USD0.0001 CL A	$21,737	$22,913
ROCKWELL AUTOMATION	$17,112	$17,433
ROPER TECHNOLOGIES INC	$39,993	$37,949
ROSS STORES INC COM	$23,047	$24,506
ROYAL CARIBBEAN GROUP COM STK	$38,204	$39,080
ROYAL GOLD INC COM STK USD0.01	$5,228	$4,878
ROYALTY PHARMA PLC COM USD0.0001 CLASS A	$5,222	$4,770
RPM INTL INC	$21,449	$19,813
RTX CORPORATION COMSTK	$89,025	$85,286
S&P GLOBAL INC COM	$95,683	$93,132
S.W. AIRL CO COM	$21,244	$22,274
SAIA INC COM STK	$10,427	$9,115
SALESFORCE INC COM USD0.001	$175,871	$183,097
SAREPTA THERAPEUTICS INC COM	$5,241	$5,107
SBA COMMUNICATIONS CORP COM USD0.01 CL A	$21,226	$19,769
SCHLUMBERGER LTD COM COM	$39,569	$35,763
SCHWAB CHARLES CORP COM NEW	$66,796	$65,203
SEI INVTS CO COM	$5,332	$6,223
SEMPRA COM	$36,277	$35,842
SERVICE CORP INTL COM	$5,219	$5,508
SERVICENOW INC COM USD0.001	$122,817	$127,214
SHERWIN-WILLIAMS CO COM	$51,029	$46,230
SILGAN HLDGS INC COM	$10,607	$10,254
SIMON PROPERTY GROUP INC COM	$38,390	$37,025
SIMPSON MFG INC COM	$10,347	$9,618
SITEONE LANDSCAPE SUPPLY INC COM	$10,499	$9,883
SKECHERS U S A INC CL A CL A ISIN #US8305661055	$15,701	$15,398
SKYWORKS SOLUTIONS INC COM	$5,335	$4,789
SMUCKER J M CO COM NEW	$5,289	$4,955
SNAP-ON INC COM	$21,182	$21,387
SNOWFLAKE INC CL A CL A	$34,544	$37,522
SOFI TECHNOLOGIES INC COM	$10,762	$11,904
SOMNIGROUP INTERNATIONAL INC. COM USD0.01	$15,986	$15,760
SOUTHERN CO COM STK	$51,303	$48,651
SS&C TECHNOLOGIES HLDGS INC COM	$5,293	$5,305
STANLEY BLACK & DECKER INC COM	$5,327	$3,934
STARBUCKS CORP COM	$63,887	$60,499
STARWOOD PROPERTY TRUST INC COM REIT	$5,307	$5,168
STATE STR CORP COM	$22,718	$22,869
STEEL DYNAMICS INC COM	$21,319	$19,699
STERIS PLC ORD USD0.001	$21,263	$20,145
STIFEL FINL CORP COM	$5,299	$5,728
STRATEGY INC COMMON STOCK CLASS A	$35,134	$29,541
STRYKER CORP	$78,240	$75,065
SUN COMMUNITIES INC COM	$5,192	$4,956
SUPER MICRO COMPUTER INC COM NEW	$5,154	$3,353
SYNOPSYS INC COM	$50,888	$46,595
SYNOVUS FINL CORP COM NEW COM NEW	$5,334	$5,935
SYSCO CORP COM	$17,465	$17,739
TAKE-TWO INTERACTIVE SOFTWARE INC COM STK USD0.01	$16,187	$17,304
TAPESTRY INC COM USD0.01	$5,301	$7,578
TARGA RES CORP COM	$18,403	$17,850
TARGET CORP COM STK	$45,745	$41,771
TD SYNNEX CORPORATION COM USD0.001	$16,262	$15,364
TECHNIPFMC PLC COM USD1	$5,140	$5,499
TELEDYNE TECHNOLOGIES INC COM	$21,714	$21,350
TELEFLEX INC COM	$5,234	$3,916
TENET HEALTHCARE CORP COM NEW .	$5,303	$4,292
TERADYNE INC COM	$22,338	$21,532
TESLA INC COM USD0.001	$539,152	$645,336
TETRA TECH INC NEW COM	$5,208	$4,223
TEXAS INSTRUMENTS INC COM	$105,423	$97,880
TEXAS PAC LD CORP COM USD0.01	$21,339	$19,907
TEXAS ROADHOUSE INC COMMON STOCK	$10,372	$9,563
TEXTRON INC COM	$5,291	$4,591
THE CAMPBELLS COMPANY	$10,613	$10,219
THE CIGNA GROUP	$52,862	$48,325
THE COOPER COMPANIES, INC.	$10,543	$9,745
THE HARTFORD INSURANCE GROUP INC COM USD0.01	$17,268	$16,048
THE TRADE DESK INC COM CL A COM CL A	$37,099	$35,377
THERMO FISHER SCIENTIFIC INC COM USD1	$121,984	$116,589
TJX COS INC COM NEW	$80,270	$80,943
TKO GROUP HLDGS INC COM	$10,914	$12,506
T-MOBILE US INC COM	$68,379	$65,998
TOAST INC COM USD0.000001 CLASS A	$5,181	$6,743
TOLL BROS INC COM	$5,351	$4,408
TOPBUILD CORP COM	$10,559	$9,340
TORO CO COM	$15,903	$14,647
TRACTOR SUPPLY CO COM	$16,927	$15,653
TRADEWEB MKTS INC CL A CL A	$5,260	$5,106
TRANE TECHNOLOGIES PLC COM USD1	$54,568	$49,862
TRANSDIGM GROUP INC COM	$42,522	$40,553
TRANSUNION COM	$21,558	$19,840
TRAVELERS COS INC COM STK	$39,879	$38,542
TRIMBLE INC COM TRIMBLE INC	$5,221	$5,865
TRUIST FINL CORP COM	$42,388	$40,517
TWILIO INC CL A CL A	$5,306	$8,106
TYLER TECHNOLOGIES INC COM STK	$16,192	$15,569
TYSON FOODS INC CL A COM (DELAWARE)	$5,287	$5,112
UBER TECHNOLOGIES INC COM USD0.00001	$85,066	$72,143
UDR INC COM STK	$5,291	$5,209
ULTA BEAUTY INC COM STK USD0.01	$21,431	$22,616
UNION PAC CORP COM	$86,638	$83,235
UNITED AIRLINES HOLDINGS INC COM USD0.01	$15,893	$19,517
UNITED PARCEL SVC INC CL B	$61,037	$58,006
UNITED RENTALS INC COM	$38,911	$33,813
UNITED THERAPEUTICS CORP DEL COM STK	$5,362	$5,293
UNITEDHEALTH GROUP INC COM	$321,825	$286,317
UNVL HEALTH SERVICES INC CL B COM	$5,262	$4,306
US BANCORP	$50,240	$48,862
US FOODS HLDG CORP COM	$5,362	$5,802
VAIL RESORTS INC COM	$10,633	$11,380
VALERO ENERGY CORP COM STK NEW	$20,372	$17,530
VENTAS INC REIT	$16,130	$15,013
VERALTO CORP COM	$21,639	$20,596
VERISIGN INC COM	$21,444	$22,766
VERISK ANALYTICS INC COM USD0.001	$17,926	$17,903
VERIZON COMMUNICATIONS COM	$104,668	$98,735
VERTEX PHARMACEUTICALS INC COM	$74,075	$63,224
VERTIV HOLDINGS LLC COM USD0.0001	$18,727	$17,950
VIATRIS INC	$5,252	$5,739
VICI PPTYS INC COM	$15,914	$14,643
VISA INC COM CL A STK	$275,988	$287,912
VISTRA CORP COM USD0.01	$36,333	$35,019
VOYA FINL INC COM	$5,323	$4,543
VULCAN MATERIALS CO COM	$40,782	$38,842
W P CAREY INC COM	$5,306	$4,872
WABTEC CORP COM	$17,745	$17,442
WALMART INC COM	$215,272	$225,320
WALT DISNEY CO	$114,096	$119,062
WARNER BROS DISCOVERY INC	$21,032	$21,478
WASTE MGMT INC DEL COM STK	$50,957	$47,824
WATERS CORP COM	$21,564	$21,517
WATSCO INC COM	$5,456	$5,213
WEBSTER FNCL CORP WATERBURY CONN COM	$5,319	$6,074
WEC ENERGY GROUP INC COM	$16,013	$15,329
WELLS FARGO & CO NEW COM STK	$141,968	$144,203
WELLTOWER INC COM REIT	$48,265	$46,253
WESCO INTL INC COM	$10,605	$9,410
WEST PHARMACEUTICAL SVCS INC COM	$21,639	$21,947
WESTN DIGITAL CORP COM	$21,602	$19,559
WEYERHAEUSER CO COM	$21,291	$19,564
WILLIAMS CO INC COM	$40,144	$40,211
WILLIAMS SONOMA INC COM	$21,239	$21,851
WINTRUST FINL CORP COM	$5,279	$5,861
WOODWARD INC COM	$5,270	$5,325
WORKDAY INC CL A COM USD0.001	$38,892	$38,446
WYNDHAM HOTELS & RESORTS INC COM	$10,451	$10,986
XCEL ENERGY INC COM	$17,026	$17,083
XPO INC COM	$5,179	$5,902
XYLEM INC COM	$16,819	$15,315
YUM BRANDS INC COM	$18,283	$18,246
ZEBRA TECHNOLOGIES CORP CL A	$5,263	$5,407
ZILLOW GROUP INC COM USD0.0001	$5,210	$6,093
SHS ZIMMER BIOMET HLDGS INC COM	$21,785	$21,386
SHS ZOETIS INC COM USD0.01 CL 'A'	$51,160	$45,783
ZOOM COMMUNICATIONS INC	$10,412	$10,609
ZSCALER INC COM	$10,568	$9,381
#REORG/ ALTAIR ENGR INC CASH MERGER 03-26-2025	$14,374	$15,494
#REORG/ INARI MED INC CASH MERGER 02-19-2025	$10,293	$10,516
#REORG/ ROCKET LAB USA INC EXCHANGE ROCKET LAB USA INC 2A1RAU5 05-27-2025	$18,677	$27,508
#REORG/ARCADIUM MERGER 03-06-2025	$17,157	$16,950
#REORG/ARCH RES MERGER CORE NATURAL 241HAQ4 01-15-2025	$8,954	$8,191
#REORG/BARNES GROUP INC MERGER 01-27-2025	$2,613	$2,647
#REORG/BEACON ROOFING SUPPLY INC COM MERGER 04-29-2025	$17,173	$17,573
#REORG/BLUEPRINT MERGER CONTRA BLUEPRINT 2B1NAH5 07-18-2025	$16,919	$16,397
#REORG/CHAMPIONX CORP MERGER SCHLUMBERGER LTD 2811640 07-17-2025	$11,312	$9,816
#REORG/CONSOL ENERGY CHANGE CORE NATURAL 241HAQ4 01-15-2025	$9,713	$8,854
#REORG/ENSTAR MERGER 07-02-2025	$10,357	$10,306
#REORG/FIRST MERGER RENASANT 2013487 04-01-2025	$10,419	$10,220
#REORG/HEARTLAND MERGER UMB 2878743 02-03-2025	$12,194	$11,648
#REORG/INDEPENDENT MERGER SOUTHSTATE 2Y1PAK1 1-2-2025	$3,115	$3,155
#REORG/INFINERA MERGER 03-03-2025	$8,812	$8,712
#REORG/MATTERPORT INC MERGER COSTAR GROUP INC 2220156 02-28-2025	$11,781	$11,585
#REORG/PREMIER MERGER PREMIER 2912916 03-03-2025	$13,993	$13,169
#REORG/RADIUS RECYCLING MERGER 07-10-2025	$6,959	$5,890
#REORG/RETAIL MERGER 02-12-2025	$6,197	$6,654
#REORG/REVELYST INC MERGER 01-03-2025	$2,169	$2,192
#REORG/SANDY MERGER ATLANTIC 2Y1BAW2 04-01-2025	$10,427	$9,877
#REORG/SPRINGWORKS MERGER 07-01-2025	$9,407	$9,863
#REORG/SUMMIT MATLS INC CL A MERGER 02-10-2025	$14,454	$16,192
ABERCROMBIE & FITCH CO CL A CL A	$22,416	$22,271
ABM INDS INC COM	$9,957	$9,212
ACADEMY SPORTS & OUTDOORS INC COM	$11,670	$13,084
ACADIA PHARMACEUTICALS INC COM	$5,375	$6,257
ACADIA RLTY TR COM	$12,193	$12,078
ACADIAN ASSET MANAGEMENT INC COM USD0.001	$13,713	$12,432
ACCEL ENTMT INC COM CL A-1 COM CL A-1	$9,495	$8,832
ACI WORLDWIDE INC COM STK	$12,296	$11,887
ACV AUCTIONS INC CL A CL A	$10,701	$11,405
ADDUS HOMECARE CORP COM STK	$9,828	$9,652
ADIENT PLC ADIENT PLC LTD COM	$6,173	$5,135
ADMA BIOLOGICS INC COM	$14,007	$13,154
ADTALEM GLOBAL ED INC COM	$10,068	$10,902
ADVANCED ENERGY INDS INC COM	$16,204	$16,419
AEROVIRONMENT INC COM	$17,161	$13,696
AGILYSYS INC COM STK	$9,423	$9,878
AGIOS PHARMACEUTICALS INC COM	$10,376	$7,689
AKERO THERAPEUTICS INC COM	$9,535	$8,930
ALARM COM HLDGS INC COM	$6,490	$6,992
ALBANY INTL CORP NEW CL A	$10,194	$10,431
ALEXANDER & BALDWIN INC	$24,748	$23,355
ALIGHT INC CL A	$11,592	$10,920
ALKAMI TECHNOLOGY INC COM	$9,444	$9,427
ALKERMES PLC SHS	$13,748	$13,546
ALLIENT INC COM NPV	$3,287	$4,322
ALPHA METALLURGICAL RES INC COM	$9,612	$8,405
AMBARELLA INC SHS	$10,366	$11,784
AMERICAN ASSETS TR INC COM	$11,236	$10,714
AMERICAN EAGLE OUTFITTERS INC NEW COM	$11,301	$10,119
AMERICAN STS WTR CO COM	$12,987	$11,891
AMICUS THERAPEUTICS INC COM	$12,057	$11,361
AMN HEALTHCARE SVCS INC COM	$5,566	$4,258
AMNEAL PHARMACEUTICALS INC COM	$8,277	$8,031
AMPHASTAR PHARMACEUTICALS INC DEL COM	$9,028	$7,537
APARTMENT COM USD0.01 CL A(POST RE)	$12,448	$12,862
APOGEE ENTERPRISES INC COM	$10,577	$9,569
APOGEE THERAPEUTICS INC COM	$8,835	$8,154
APOLLO COML REAL ESTATE FIN INC COM	$15,269	$15,058
APPLIED INDL TECHNOLOGIES INC COM	$21,699	$20,594
ARBUTUS BIOPHARMA CORP NPV	$5,279	$4,647
ARCBEST CORP COM USD0.01	$9,508	$8,212
ARCELLX INC COM	$11,932	$10,583
ARCHROCK INC COM	$9,692	$10,080
ARCOSA INC COM	$11,847	$11,319
ARES COML REAL ESTATE CORP COM	$9,043	$8,166
ARGAN INC COM	$10,974	$11,100
ARMADA HOFFLER PPTYS INC REIT	$13,802	$13,044
ARROWHEAD PHARMACEUTICALS INC COM	$10,448	$9,832
ARVINAS INC COM	$9,638	$8,339
ASBURY AUTOMOTIVE GROUP INC COM	$14,954	$14,825
ASGN INCORPORATED COMN STK USD0.01	$12,023	$11,084
ASSOCTD BANC-CORP COM	$11,219	$10,970
AST SPACEMOBILE INC CL A CL A	$10,834	$9,094
ASTRANA HEALTH INC COM USD0.001	$10,461	$7,567
ATKORE INC	$10,633	$10,348
ATLANTA BRAVES HLDGS INC COM SER C	$21,673	$20,775
ATMUS FILTRATION TECHNOLOGIES INC COM	$11,534	$10,970
ATRICURE INC COM STK	$8,919	$8,740
AURORA INNOVATION INC CL A COM	$18,941	$18,100
AVANOS MED INC COM	$11,945	$9,934
AVIDITY BIOSCIENCES INC COM	$14,763	$10,701
AVIDXCHANGE HLDGS INC COM USD0.001	$9,854	$10,464
AVIENT CORPORATION	$14,083	$11,743
AXCELIS TECHNOLOGIES INC COM NEW COM NEW	$9,415	$7,895
AXSOME THERAPEUTICS INC. COM	$13,183	$12,353
AZZ INC COM	$9,656	$9,093
BADGER METER INC COM	$17,191	$16,333
BALCHEM CORP COM	$14,027	$13,109
BANC CALIF INC COM	$3,046	$3,221
BANCFIRST CORP COM	$9,175	$9,058
BANK MARIN BANCORP COM STK	$14,742	$14,452
BEAM THERAPEUTICS INC COM	$10,139	$9,498
BELDEN INC COM	$13,664	$12,729
BENCHMARK ELECTRS INC COM	$10,206	$9,980
BERRY CORPORATION	$10,362	$9,416
BIOCRYST PHARMACEUTICALS INC COM	$8,902	$9,212
BIOHAVEN LTD COM NPV WI	$12,322	$9,972
BLACK HILLS CORP COM	$6,990	$6,613
BLACKBAUD INC COM	$11,978	$10,940
BLACKLINE INC COM	$11,028	$11,241
BLACKSTONE MTG TRU CL A	$10,121	$9,816
BLOOM ENERGY	$11,374	$13,970
BOISE CASCADE CO COM	$16,544	$14,025
BOOT BARN HLDGS INC COM	$15,019	$15,486
BOSTON OMAHA CORP CL A CL A	$12,112	$11,670
BOX INC CL A CL A	$8,557	$8,153
BRAZE INC CL A CL A	$10,246	$11,894
BRIDGEBIO PHARMA INC COM	$12,077	$13,034
BRINKER INTL INC COM	$16,178	$19,050
BRINKS CO COM	$11,602	$10,854
BUMBLE INC COM CL A COM CL A	$9,959	$10,533
BUSINESS FIRST BANCSHARES INC COM	$12,519	$11,796
BYLINE BANCORP INC COM	$16,361	$15,921
C3 AI INC CL A CL A	$9,384	$10,329
CABLE ONE INC COM	$12,890	$12,674
CABOT CORP COM	$17,025	$14,336
CACTUS INC CL A CL A	$11,692	$10,622
CAL MAINE FOODS INC COM NEW STK	$12,764	$13,277
CALIFORNIA RES CORP COM USD0.01	$12,458	$11,883
CALIFORNIA WTR SVC GROUP COM	$15,397	$13,644
CALIX NETWORKS INC COMMON STOCK	$8,741	$8,962
CAMDEN NATL CORP COM	$14,278	$13,549
CAMPING WORLD HLDGS INC CL A CL A	$8,993	$8,263
CANNAE HLDGS INC COM USD0.0001	$18,323	$18,212
CARGURUS INC CL A CL A	$12,907	$13,556
CARPENTER TECHNOLOGY CORP COM	$23,709	$23,420
CASELLA WASTE SYS INC CL A COM STK	$14,062	$14,073
CASS INFORMATION SYS INC COM	$12,342	$11,618
CATALYST PHARMACEUTICALS INC COM STK USD0.001 STK	$5,327	$5,364
CAVCO INDS INC DEL COM STK	$11,487	$11,156
CBIZ INC COM	$14,791	$16,202
CELLDEX THERAPEUTICS INC NEW SHS	$9,408	$8,971
CENTRAL GARDEN & PET CO COM	$6,093	$6,596
CENTURY CMNTYS INC COM	$5,498	$4,402
CG ONCOLOGY INC COM	$5,022	$4,101
CHAMPION HOMES INC	$14,604	$13,039
CHART INDS INC COM PAR $0.01 COM PAR$0.01	$19,605	$22,710
CHATHAM LODGING TR COM	$7,750	$8,136
CINEMARK HLDGS INC COM	$12,128	$12,144
CLAROS MTG TR INC COM	$9,050	$6,450
CLEANSPARK INC COM NEW COM NEW	$9,432	$6,963
CLEAR SECURE INC CL A CL A	$10,320	$9,697
CLEARWATER ANALYTICS HLDGS INC CL A CL A	$16,964	$16,237
CNX RESOURCES CORPORATION COM	$17,808	$17,565
COEUR MNG INC COM NEW COM NEW	$11,581	$10,302
COGENT COMMUNICATIONS HLDGS INC	$13,936	$13,564
COHEN & STEERS INC COM	$13,715	$12,835
COLLEGIUM PHARMACEUTICAL INC COM	$9,891	$8,967
COMMERCIAL METALS CO COM	$16,856	$14,731
COMMUNITY HEALTHCARE TR INC REIT	$9,218	$9,836
COMMUNITY TR BANCORP INC COM	$14,487	$13,745
COMMVAULT SYS INC COM STK	$23,939	$21,731
COMPASS INC CL A CL A	$9,030	$8,336
CONCENTRA GROUP HLDGS PARENT INC COM	$3,766	$3,758
CONMED CORP COM	$8,784	$8,717
CONNECTONE BANCORP INC NEW COM	$15,749	$13,631
CONSTRUCTION PARTNERS INC CL A CL A	$11,813	$12,031
COPT DEFENSE PROPERTIES COM STK USD0.01	$13,271	$13,154
CORCEPT THERAPEUTICS INC OC-COM CORCEPT THERAPEUTICS	$14,997	$14,865
CORE SCIENTIFIC INC NEW COM	$9,605	$8,823
CORECIVIC INC COM	$8,533	$10,196
CORVEL CORP COM	$10,011	$9,680
COURSERA INC COM	$6,446	$7,676
CREDO TECHNOLOGY GROUP HOLDING LTD	$18,419	$25,002
CRESCENT ENERGY CO COM CL A COM CL A	$9,081	$9,526
CRINETICS PHARMACEUTICALS INC COM	$15,622	$14,879
CSW INDUSTRIALS INC COM	$14,724	$13,054
CTO RTLY GROWTH INC NEW COM USD1.00	$12,041	$11,964
CYTOKINETICS INC COMMON STOCK	$17,724	$16,041
DAILY JOURNAL CORP COM	$6,187	$6,816
DELEK US HLDGS INC NEW COM	$9,336	$9,620
DENALI THERAPEUTICS INC COM	$15,004	$12,126
DIAMOND HILL INVT OH	$15,048	$14,424
DIAMONDROCK HOSPITALITY CO COM STK	$8,470	$8,862
DIGITALBRIDGE GROUP INC CL A NEW	$9,066	$7,722
DIGITALOCEAN HLDGS INC COM	$10,168	$8,824
DIODES INC COM	$11,801	$11,964
DORMAN PRODS INC COM	$11,362	$11,400
DOUGLAS DYNAMICS INC COM	$11,557	$10,657
DYCOM INDS INC COM	$16,308	$14,969
DYNE THERAPEUTICS INC COM	$10,543	$8,552
ECHOSTAR CORPORATION	$12,447	$11,771
EDGEWELL PERS CARE CO COM	$9,250	$8,827
EDGEWISE THERAPEUTICS INC COM USD0.0001	$10,361	$8,544
ENCORE CAP GROUP INC COM	$12,053	$12,134
ENERPAC TOOL GROUP CORP CL A COM CL A COM	$10,464	$9,163
ENERSYS COM	$12,879	$12,201
ENOVA INTL INC COM	$2,673	$2,972
ENOVIX CORP COM	$5,246	$5,381
ENPRO INC	$10,701	$10,692
ENSIGN GROUP INC COM STK	$18,540	$17,014
ENTERPRISE FINL SVCS CORP COM STK	$16,483	$16,300
EPLUS INC COM	$10,101	$8,866
EQUITY BANCSHARES INC COM CL A COM CL A	$10,926	$10,217
ESCO TECHNOLOGIES INC	$11,538	$11,323
ESSENT GROUP LTD COM STK	$16,724	$15,733
EVOLENT HEALTH INC CL A CL A	$10,479	$8,021
EXLSERVICE COM INC COM STK	$16,037	$16,465
EXPONENT INC COM STK	$16,153	$14,256
EXPRO GROUP HOLDINGS N.V	$8,820	$8,342
FABRINET COM USD0.01	$25,699	$23,087
FARMLAND PARTNERS INC COM	$3,461	$4,131
FB FINL CORP COM	$3,868	$4,121
FEDERAL SIGNAL CORP COM	$15,129	$14,967
FIRST BUSEY CORP COM NEW COM NEW	$29,602	$26,776
FIRST CMNTY BANKSHARES	$17,467	$16,115
FIRST FINL BANKSHARES INC COM	$16,771	$15,195
FIRST FINL CORP IND COM	$17,154	$16,721
FIRST HAWAIIAN INC COM	$7,095	$7,162
FIRST INTERSTATE BANCSYS/MT	$15,393	$15,099
FIRST MERCHANTS CORP COM	$11,666	$11,089
FIRST MID BANCSHARES INC COM USD4.00	$14,507	$13,145
FIRSTCASH HLDGS INC COM	$12,301	$11,707
FLAGSTAR FINANCIAL INC	$6,448	$5,551
FLUOR CORP NEW COM	$23,693	$22,145
FLYWIRE CORP COM VTG COM VTG	$9,764	$10,434
FOOT LOCKER INC COM	$9,322	$8,726
FORMFACTOR INC COM STK	$11,315	$11,440
FOUR CORNERS PPTY TR INC COM	$7,998	$7,644
FOX FACTORY HLDG CORP COM	$8,799	$7,991
FRANKLIN ELEC INC COM	$7,745	$7,114
FRESH DEL MONTE PRODUCE INC COM STK	$8,658	$8,867
FRESHWORKS INC CL A CL A	$12,671	$14,230
FRONTDOOR INC COM	$13,817	$13,886
FTAI AVIATION LTD COM USD0.01	$42,350	$41,484
FULLER H B CO COM	$5,268	$4,589
GATX CORP COM	$12,640	$13,017
GCM GROSVENOR INC COM USD0.0001 CL A	$5,865	$6,307
GEO GROUP INC(THE) COM USD0.01 NEW	$9,049	$11,975
GERMAN AMERICAN BANCORP INC COM	$13,205	$12,267
GERON CORP COM	$9,916	$8,988
GIBRALTAR INDS INC COM	$5,166	$4,418
GLACIER BANCORP INC NEW COM	$16,855	$16,121
GLAUKOS CORP COM	$18,193	$19,942
GLOBAL MED REIT INC	$23,440	$21,340
GLOBAL NET LEASE INC COM NEW COMN STOCK	$7,848	$7,380
GMS INC COM	$12,992	$11,622
GOODYEAR TIRE & RUBBER CO COM	$8,991	$8,802
GOOSEHEAD INS INC COM CL A COM CL A	$9,402	$9,328
GRAHAM HLDGS CO COM CL B COM	$11,530	$11,335
GRANITE CONST INC COM	$10,177	$9,838
GREEN BRICK PARTNERS INC COM	$5,193	$3,954
GREENLIGHT CAPITAL RE LTD CLASS A	$12,428	$12,096
GRIFFON CORP COM	$9,199	$8,837
GROUP 1 AUTOMOTIVE INC COM	$14,234	$15,173
GUARDANT HEALTH INC COM	$10,824	$11,853
HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC	$10,712	$9,645
HACKETT GROUP INC COM STK	$11,447	$12,147
HAEMONETICS CORP MASS COM	$11,211	$10,697
HALOZYME THERAPEUTICS INC COM	$17,501	$17,259
HANESBRANDS INC COM STK	$11,852	$12,023
HARMONY BIOSCIENCES HLDGS INC COM	$9,572	$9,807
HAWAIIAN ELEC INDS INC COM	$8,936	$8,514
HAWKINS INC COM	$9,902	$9,446
HCI GROUP INC COM NPV	$2,296	$2,331
HEALTHCARE SVCS GROUP INC COM	$9,497	$9,768
HEALTHEQUITY INC COM	$20,749	$21,397
HECLA MNG CO COM	$16,522	$14,062
HEIDRICK & STRUGGLES INTL INC COM	$10,016	$10,457
HELEN TROY LTD COM STK	$8,283	$7,419
HELIX ENERGY SOLUTIONS GROUP INC COM STK	$5,894	$5,312
HELMERICH & PAYNE INC COM	$10,646	$9,958
HERC HLDGS INC COM	$17,789	$17,040
HERITAGE COMM CORP COM STK	$15,511	$14,032
HILLENBRAND INC COM STK	$10,019	$10,496
HILLMAN SOLUTIONS CORP COM USD0.0001 CL A	$15,593	$14,142
HILTON GRAND VACATIONS INC COM	$13,146	$13,048
HIMS & HERS HEALTH INC COM CL A COM	$13,696	$14,435
HOME BANCSHARES INC COM	$13,566	$12,961
HOMETRUST BANCSHARES INC	$16,171	$14,988
HUB GROUP INC CL A CL A	$10,436	$9,759
ICF INTL INC COM STK	$9,541	$8,231
ICU MED INC COM	$12,163	$11,017
IDEAYA BIOSCIENCES INC COM	$11,267	$10,511
IES HLDGS INC COM	$9,190	$7,636
IMMUNOVANT INC COM	$8,656	$7,803
IMPINJ INC COM	$13,492	$10,604
INDEPENDENCE RLTY TR INC COM	$15,553	$14,920
INDEPENDENT BK CORPORATION	$4,466	$4,632
INGEVITY CORP COM	$9,196	$9,087
INSIGHT ENTERPRISES INC COM	$13,189	$11,408
INSMED INC COM PAR $.01	$34,425	$33,415
INSPERITY INC COM	$11,039	$10,774
INSTALLED BLDG PRODS INC COM	$16,275	$13,319
INSTEEL INDS INC COM	$2,908	$2,674
INTEGER HLDGS CORP COM	$7,722	$7,686
INTELLIA THERAPEUTICS INC COM	$10,881	$8,279
INTERDIGITAL INC COM	$14,003	$15,110
INTERFACE INC COM	$14,483	$14,732
INTERNATIONAL BANCSHARES CORP COM	$9,626	$8,906
INTERPARFUMS INC	$8,874	$9,074
IONQ INC COM	$12,643	$24,185
IOVANCE BIOTHERAPEUTICS INC COM	$9,672	$8,236
IRHYTHM TECHNOLOGIES INC COM	$8,962	$11,001
ITRON INC COM STK NPV	$15,791	$15,201
J & J SNACK FOODS CORP COM STK NPV	$10,518	$9,822
JACK IN THE BOX INC COM	$10,409	$9,619
JAMF HLDG CORP COM	$9,818	$8,978
JBT MAREL CORPORATION	$12,845	$14,489
JELD-WEN HLDG INC COM	$11,319	$8,305
JETBLUE AWYS CORP COM	$10,997	$12,592
JOBY AVIATION INC	$10,941	$14,236
KADANT INC COM	$12,433	$11,730
KB HOME COM	$14,501	$12,553
KEARNY FINL CORP MD COM	$13,816	$12,687
KELLY SERVICES INC CL A COM	$12,522	$11,305
KENNEDY-WILSON HLDGS INC COM	$8,791	$8,250
KEROS THERAPEUTICS INC COM	$11,510	$6,285
KIMBALL ELECTRONICS INC COM	$11,822	$11,875
KINETIK HOLDINGS INC CL A NEW	$10,981	$11,285
KITE RLTY GROUP TR COM NEW COM NEW	$17,779	$16,987
KKR REAL ESTATE FIN TR INC COM	$10,246	$9,191
KNIFE RIV HLDG CO COM	$16,057	$16,771
KNOWLES CORP COM	$8,924	$9,945
KONTOOR BRANDS INC COM NPV WI	$14,651	$14,263
KORN FERRY COM	$12,184	$11,326
KOSMOS ENERGY LTD COM USD0.01	$12,140	$12,435
KRATOS DEFENSE & SECURITY SOLUTIONS INC	$14,764	$15,010
KRYSTAL BIOTECH INC COM	$13,834	$12,376
KULICKE & SOFFA INDS INC COM	$9,697	$9,560
KYMERA THERAPEUTICS INC COM	$9,807	$8,971
LA Z BOY INC COM	$6,549	$6,928
LADDER CAP CORP CL A CL A	$10,052	$9,981
LANTHEUS HLDGS INC COM	$17,993	$17,087
LAUREATE ED INC COM CL A	$9,751	$10,060
LCI INDUSTRIES COM	$9,433	$8,478
LEMAITRE VASCULAR INC COM STK	$5,542	$5,252
LENDINGCLUB CORP COM NEW	$10,139	$10,961
LGI HOMES INC COM	$10,743	$9,119
LIBERTY ENERGY INC COM USD0.01 CL A	$9,385	$9,746
LIBERTY LATIN AMERICA LTD COM USD0.01 CLASS A	$2,892	$1,921
LIGAND PHARMACEUTICALS INCORPORATED CL BCOMMON STOCK	$10,510	$9,965
LIMONEIRA CO COM STK	$3,059	$2,723
LINDSAY CORPORATION COM	$5,660	$5,442
LIVANOVA PLC ORD GBP1.00 (DI)	$9,760	$8,706
LIVE OAK BANCSHARES INC COM	$8,798	$7,475
LIVERAMP HOLDINGS INC	$9,294	$10,022
LUMEN TECHNOLOGIES INC	$19,970	$15,415
LXP INDUSTRIAL TRUST COM USD0.0001	$18,170	$16,279
M / I HOMES INC	$13,286	$11,168
MACERICH CO REIT	$13,491	$13,486
MADDEN STEVEN LTD COM	$13,998	$13,266
MADRIGAL PHARMACEUTICALS INC COM	$13,699	$15,737
MAGNITE INC COM	$8,763	$9,536
MAGNOLIA OIL & GAS CORP CL A CL A	$16,260	$13,934
MALIBU BOATS INC COM CL A COM CL A	$8,993	$8,119
MANNKIND CORP COM USD0.01(POST REV SPLIT)	$8,736	$8,552
MARA HOLDINGS INC COM USD0.0001	$15,820	$12,913
MARCUS & MILLICHAP INC COM	$11,458	$11,095
MARQETA INC COM USD0.001 A	$13,522	$12,208
MARTEN TRANS LTD COM	$8,565	$7,867
MASTERBRAND INC COM	$4,858	$4,076
MATSON INC COM	$15,052	$13,889
MAXIMUS INC COM	$10,418	$9,331
MCGRATH RENTCORP COM	$14,637	$14,201
MERCANTILE BK CORP COM	$17,836	$16,817
MERCURY SYSTEMS INC	$9,675	$10,794
MERIT MED SYS INC COM	$10,436	$10,059
MERITAGE HOMES CORP COM	$16,704	$14,151
MGE ENERGY INC COM .	$13,776	$13,342
MGP INGREDIENTS INC NEW COM	$9,470	$7,047
MIDDLESEX WTR CO COM	$3,844	$3,105
MIDWESTONE FINL GROUP INC NEW COM STK	$19,428	$18,171
MILLER INDS INC TENN COM NEW	$9,553	$9,150
MILLERKNOLL INC COM STK USD0.20	$9,043	$8,355
MINERALS TECHNOLOGIES INC COM	$8,553	$8,231
MIRION TECHNOLOGIES INC CL A CL A	$11,257	$12,407
MIRUM PHARMACEUTICALS INC COM	$9,227	$9,221
MODINE MFG CO COM STK	$19,531	$17,274
MOOG INC CL A	$15,618	$14,763
MR COOPER GROUP INC COM USD0.01	$13,391	$13,249
MUELLER INDS INC COM	$25,535	$24,443
MUELLER WTR PRODS INC COM STK	$12,556	$11,790
MURPHY OIL CORP COM	$10,171	$9,411
MYERS INDS INC COM	$12,166	$11,136
MYR GROUP INC DEL COM STK	$8,950	$9,373
MYRIAD GENETICS INC COM	$9,768	$7,938
NCR ATLEOS CORPORATION COM USD0.01 WI	$9,422	$10,413
NCR VOYIX CORP COM STK USD0.01	$10,032	$9,882
NEOGEN CORP COM	$10,941	$9,761
NEOGENOMICS INC COM NEW COM NEW	$4,874	$5,603
NETSCOUT SYS INC COM	$12,532	$12,368
NETSTREIT CORP COM USD0.01	$6,083	$5,434
NEW JERSEY RES CORP COM	$9,554	$9,480
NEW YORK MORTGAGE TRUST INC	$11,042	$11,543
NEXTRACKER INC CL A COM USD0.0001 CL A	$16,641	$16,767
NICOLET BANKSHARES INC COM	$9,760	$9,547
NMI HOLDINGS INC COMMON STOCK	$10,264	$9,741
NOBLE CORPORATION PLC COM	$11,909	$11,241
NORTHERN OIL & GAS INC COM NEW	$9,647	$9,094
NORTHFIELD BANCORP INC DEL COM USD0.01	$14,128	$13,014
NORTHWEST NAT HLDG CO COM	$10,739	$10,365
NOVANTA INC NOVANTA INC	$17,611	$15,735
NOVOCURE LTD COM USD0.00	$5,169	$9,685
NUVALENT INC CL A CL A	$11,107	$9,315
OCEANEERING INTL INC COM	$10,551	$10,510
OCEANFIRST FINL CORP COM	$9,675	$8,851
O-I GLASS INC COM	$9,271	$8,163
OLD NATL BANCORP IND COM	$12,858	$13,197
OMNICELL INC COM	$9,896	$9,794
ONE GAS INC COM	$12,134	$11,565
ONESPAWORLD HLDGS LTD COM USD0.0001	$12,247	$13,174
OPENLANE INC	$8,655	$9,384
OPTION CARE HEALTH INC COM NEW COM NEW	$16,357	$15,219
ORCHID IS CAP INC COM USD0.01	$6,801	$6,826
ORIGIN BANCORP INC COM STK USD 5.00	$9,201	$9,121
ORMAT TECHNOLOGIES INC COM	$16,671	$14,763
ORRSTOWN FINL SVCS INC COM	$9,862	$9,409
OSCAR HEALTH INC CL A CL A	$11,467	$9,892
OSI SYS INC COM	$9,244	$9,544
OTTER TAIL CORP	$10,914	$10,338
P10 INC COM CL A COM CL A	$9,409	$9,785
PACS GROUP INC COM	$4,812	$2,609
PAGERDUTY INC COM	$9,765	$9,386
PALOMAR HLDGS INC COM	$10,516	$10,559
PAPA JOHNS INTL INC COM	$10,014	$8,871
PAR TECHNOLOGY CORP COM	$9,616	$10,101
PARK NATL CORP COM	$3,626	$3,600
PATRICK INDS INC COM	$7,584	$6,979
PATTERSON-UTI ENERGY INC COM	$12,668	$13,117
PBF ENERGY INC CL A CL A	$11,020	$9,585
PEABODY ENERGY CORP NEW	$9,876	$8,376
PEAPACK-GLADSTONE FINL CORP COM	$11,679	$11,218
PELOTON INTERACTIVE INC	$8,980	$10,640
PENNYMAC FINL SVCS INC NEW COM	$9,762	$9,499
PEOPLES BANCORP INC COM STK	$12,201	$11,440
PERELLA WEINBERG PARTNERS COM USD0.0001 CL A	$11,502	$11,324
PERIMETER SOLUTIONS INC COM USD0.0001	$5,349	$5,444
PHILLIPS EDISON & CO INC COM NEW COM NEW	$6,052	$6,048
PHINIA INC COM USD0.01 WI	$9,439	$9,104
PIPER SANDLER COMPANIES COM USD0.01	$16,672	$15,597
PJT PARTNERS INC COM CL A COM CL A	$13,267	$13,414
PLEXUS CORP COM	$12,099	$12,362
PLYMOUTH INDL REIT INC COM	$15,099	$14,216
POTLATCHDELTIC CORPORATION	$9,503	$8,792
POWELL INDS INC COM	$10,168	$8,423
POWER INTEGRATIONS INC COM	$13,213	$12,772
PRESTIGE CONSUMER HEALTHCARE INC COM	$6,292	$6,560
PRICESMART INC COM STK	$13,604	$13,733
PRIMORIS SVCS CORP COM	$13,293	$13,690
PRIVIA HEALTH GROUP INC COM	$10,739	$10,518
PROCEPT BIOROBOTICS CORP COM	$12,202	$11,675
PROG HOLDINGS INC COM	$9,609	$8,706
PROGRESS SOFTWARE CORP COM	$9,260	$8,991
PROGYNY INC COM	$10,516	$12,386
PROTAGONIST THERAPEUTICS INC COM	$10,699	$9,727
PROTO LABS INC COM	$11,861	$12,665
PTC THERAPEUTICS INC COM	$12,081	$12,955
Q2 HLDGS INC COM	$19,001	$20,130
QUAKER CHEM CORP COM	$8,938	$7,883
QUALYS INC COM USD0.001	$14,073	$14,302
QUANEX BLDG PRODS CORP COM STK	$11,305	$9,526
RADNET INC COM STK	$16,143	$14,806
RAMBUS INC DEL COM	$15,180	$15,541
RAPID7 INC COM	$9,580	$9,695
RED ROCK RESORTS INC CL A CL A	$10,164	$9,294
REMITLY GLOBAL INC COM	$9,501	$12,075
RESIDEO TECHNOLOGIES INC COM USD0.001	$10,493	$10,027
REV GROUP INC COM	$5,524	$6,035
REVOLUTION MEDICINES INC COM	$24,192	$21,389
RHYTHM PHARMACEUTICALS INC COM	$10,230	$10,468
RIOT PLATFORMS INC COM NPV	$10,217	$9,046
RLJ LODGING TR L P COM REIT	$4,328	$4,921
RMR GROUP INC CL A CL A	$13,701	$12,590
RUSH ENTERPRISES INC CL A CL A	$13,099	$12,547
RXO LLC COM	$13,555	$11,586
RXSIGHT INC COM	$8,549	$6,773
RYMAN HOSPITALITY PPTYS INC COM	$12,068	$11,393
SABRA HEALTH CARE REIT INC COM	$9,319	$9,006
SALLY BEAUTY HLDGS INC COM STK USD0.01	$9,282	$7,576
SANMINA CORP COM	$11,973	$12,183
SCANSOURCE INC COM	$6,242	$6,074
SCHOLAR ROCK HLDG CORP COM	$5,052	$7,952
SCORPIO TANKERS INC COM USD0.01 (POST REV SPLIT)	$9,295	$8,298
SELECT MED HLDGS CORP COM	$10,975	$10,613
SELECT WATER SOLUTIONS INC	$5,892	$6,302
SELECTIVE INS GROUP INC COM	$17,963	$17,301
SEMTECH CORP COM	$11,986	$13,978
SENSIENT TECHNOLOGIES CORP COM	$6,808	$6,271
SHAKE SHACK INC CL A CL A	$14,830	$16,355
SIGNET JEWELERS LTD ORD USD0.18	$12,567	$10,896
SILICON LABORATORIES INC COM	$13,366	$14,410
SIMPLY GOOD FOODS CO COM	$11,616	$12,201
SITIME CORP COM	$11,959	$12,228
SKYWARD SPECIALTY INS GROUP INC COM	$9,237	$9,400
SKYWEST INC COM	$12,522	$12,216
SL GREEN RLTY CORP COM	$15,727	$14,470
SM ENERGY CO COM	$13,183	$11,822
SMARTFINANCIAL INC COM NEW COM NEW	$16,751	$15,614
SOLARIS ENERGY INFRA STRUCTURE INC	$6,197	$11,339
SONOS INC COM	$5,631	$6,888
SOUNDHOUND AI INC CL A CL A	$7,596	$16,705
SOUTH PLAINS FINL INC COM	$7,907	$7,541
SOUTHERN MO BANCORP INC COM	$11,673	$10,613
SOUTHSTATE CORP COM	$16,874	$16,016
SOUTHWEST GAS HLDGS INC COM	$10,965	$10,324
SPROUT SOCIAL INC COM CL A COM CL A	$8,635	$8,599
SPROUTS FMRS MKT INC COM	$37,754	$35,961
SPS COMM INC COM	$18,335	$17,847
SPX TECHNOLOGIES INC COM	$19,968	$17,753
STEPAN CO COM	$9,113	$7,958
STEPSTONE GROUP INC CL A CL A	$15,725	$14,412
STERLING INFRASTRUCTURE INC COM STK USD0.01	$15,244	$14,655
STK YARDS BANCORP INC COM NPV	$10,085	$10,097
STONEX GROUP INC COM	$10,592	$10,973
STRATEGIC ED INC	$9,000	$8,875
STRIDE INC COM USD	$12,795	$14,342
SUNCOKE ENERGY INC COM USD0.01	$7,214	$7,747
SUNRUN INC COM	$5,658	$5,171
SUNSTONE HOTEL INVS INC NEW COM	$7,927	$9,305
SUPERNUS PHARMACEUTICALS INC COM STK	$9,916	$10,306
SURGERY PARTNERS INC COM	$10,411	$8,934
SWEETGREEN INC CL A CL A	$12,050	$10,836
SYLVAMO CORP COM	$9,756	$9,008
SYNAPTICS INC COM	$10,460	$10,532
SYNDAX PHARMACEUTICALS INC COM	$13,015	$10,470
TALOS ENERGY INC COM STK	$9,176	$8,399
TARSUS PHARMACEUTICALS INC COM	$9,203	$10,631
TAYLOR MORRISON HOME CORP COM USD0.00001	$14,427	$13,099
TEGNA INC COM	$11,871	$12,570
TEJON RANCH CO COM	$17,109	$17,077
TELADOC HEALTH INC	$9,849	$9,317
TELEPHONE & DATA SYS INC COM STK	$9,836	$11,256
TENABLE HLDGS INC COM	$15,986	$15,043
TEREX CORP NEW COM	$12,369	$10,954
TERRENO RLTY CORP	$15,521	$14,859
TEXAS CAP BANCSHARES INC DEL COM	$10,304	$9,775
TG THERAPEUTICS INC COM	$12,123	$12,853
THE BALDWIN INSURANCE GROUP INC CLASS A COMMON STOCK	$12,487	$10,698
THE MARZETTI COMPANY	$12,428	$11,600
THE ODP CORP COM	$9,556	$7,800
THERMON GROUP HLDGS INC	$6,179	$6,013
TIDEWATER INC NEW COM	$9,485	$9,684
TOMPKINS FINL CORP COM USD0.10	$5,096	$5,494
TOPGOLF CALLAWAY BRANDS CORP	$8,683	$7,774
TOWNEBANK PORTSMOUTH VA COM	$15,655	$15,234
TRANSMEDICS GROUP INC COM	$11,574	$8,293
TRANSOCEAN LTD	$12,463	$11,434
TREEHOUSE FOODS INC COM	$12,774	$12,787
TRI POINTE HOMES INC	$9,182	$8,013
TRICO BANCSHARES COM STK	$11,180	$10,444
TRIMAS CORP COM NEW COM NEW	$12,095	$11,410
TRINET GROUP INC COM USD0.000025	$9,839	$9,531
TRINITY IND INC COM	$9,730	$9,196
TRONOX HOLDINGS PLC ORD USD0.01	$9,302	$8,046
TRUPANION INC COM	$8,575	$7,905
TTM TECHNOLOGIES INC COM	$9,905	$10,717
TWIST BIOSCIENCE CORP COM	$10,538	$10,828
TXNM ENERGY INC COM NPV	$11,477	$12,047
U M H PPTYS INC COM STK	$15,711	$15,331
U S PHYSICAL THERAPY COM	$10,160	$10,202
UFP INDUSTRIES INC COM USD1.00	$14,481	$12,392
UFP TECHNOLOGIES INC COM	$8,682	$7,580
ULTRA CLEAN HLDGS INC COM	$9,668	$9,095
UMB FINL CORP COM STK	$10,949	$10,522
UNIFIRST CORP MASS COM	$9,419	$8,394
UNITED PARKS & RESORTS INC	$8,796	$9,047
UNITIL CORP COM	$20,018	$18,641
UNIVERSAL HEALTH RLTY INCOME TR SH BEN INT SH BEN INT	$14,190	$13,172
UNIVERSAL INS HLDGS INC COM	$8,996	$9,056
UNIVEST FINANCIAL CORP	$18,601	$18,031
UPSTART HLDGS INC COM	$15,553	$13,792
URANIUM ENERGY CORP COM	$10,757	$9,339
URBAN EDGE	$7,000	$6,794
URBAN OUTFITTERS INC COM	$10,049	$12,952
UTZ BRANDS INC COM USD0.0001 CL A	$10,106	$9,200
VAL NATL BANCORP COM	$12,063	$11,138
VALARIS LTD COM USD0.40	$15,151	$14,201
VARONIS SYS INC COM	$16,429	$13,951
VAXCYTE INC COM	$34,188	$29,060
VERACYTE INC COM	$11,661	$12,395
VERICEL CORP COM	$9,089	$9,939
VERRA MOBILITY CORP	$11,519	$11,340
VERTEX INC CL A CL A	$9,120	$10,137
VIAVI SOLUTIONS INC COM NPV	$11,878	$11,807
VICTORIAS SECRET & CO COM	$9,055	$10,604
VICTORY CAP HLDGS INC DEL CL A CL A	$11,185	$11,586
VISHAY PRECISION GROUP INC COM	$4,560	$4,389
VISTEON CORP COM NEW COM NEW	$10,564	$10,292
WALKER & DUNLOP INC COM .	$13,049	$11,665
WARBY PARKER INC CL A COM CL A COM	$8,699	$10,362
WARRIOR MET COAL INC COM	$11,663	$9,872
WASHINGTON TR BANCORP INC COM	$7,592	$6,928
WATTS WTR TECHNOLOGIES INC	$10,001	$9,555
WD 40 CO COM STK	$11,531	$10,435
WERNER ENTERPRISES INC COM	$11,474	$10,812
WESBANCO INC COM	$11,064	$10,645
WILEY JOHN & SONS INC CL A	$10,569	$9,562
WOLVERINE WORLD WIDE INC COM	$8,963	$8,902
WORKIVA INC COM CL A COM CL A	$13,654	$16,425
WORLD KINECT CORPORATION COM USD0.01	$7,057	$6,699
XENIA HOTELS & RESORTS INC COM	$8,655	$8,733
YELP INC COM	$6,357	$7,043
ZETA GLOBAL HLDGS CORP CL A CL A	$14,877	$11,370
ZIFF DAVIS INC COM USD0.001	$10,024	$10,216
ZURN ELKAY WATER SOLUTIONS CORPORATION	$13,489	$13,055
ZYMEWORKS DEL INC COM	$10,064	$10,014
#REORG/JAMES EXCHANGE JAMES 2C1NAV5 07-01-2025	$14,467	$12,570
ADR ADR SONIC HEALTHCARE SPON ADR EACH REP 1 ORD SHS	$12,398	$11,726
ADR BHP GROUP LTD SPONSORED ADR	$54,091	$48,488
ADR BRAMBLES LTD SPONSORED ADR	$22,011	$20,974
ADR COCHLEAR LTD ADR UNSPON	$13,483	$12,543
ADR COMMONWEALTH BANK OF AUSTRALIA SPONSORED ADR	$71,335	$69,354
ADR COMPUTERSHARE LTD SPONSORED ADR SPONSORED ADR	$7,983	$9,024
ADR CSL LTD SPONSORED ADR	$38,567	$36,600
ADR FORTESCUE METALS GROUP LTD SPONSORED ADR	$13,206	$12,059
ADR MACQUARIE GROUP LTD ADR NEW	$45,645	$41,514
ADR NATIONAL AUSTRALIA BK LTD SPONSORED ADR	$46,770	$42,557
ADR QBE INS GROUP LTD SPONSORED	$9,797	$9,693
ADR SOUTH32 LTD SPONSORED ADR	$14,699	$13,133
ADR WOODSIDE ENERGY GROUP LTD SPONSORED ADR	$24,704	$24,071
ANZ GROUP HLDGS LTD SPONSORED ADR	$40,250	$35,303
TELSTRA GROUP LTD SPONSORED ADR	$10,958	$10,499
TREASURY WINE ESTATES LTD SPONSORED ADR	$11,604	$10,778
ERSTE GROUP BANK AG EFF 8/11/08	$8,622	$9,649
ADR ANHEUSER BUSCH INBEV SA/NV SPONSOREDADR	$28,274	$24,634
ADR KBC GROUP NV	$5,833	$5,940
ADR B3 S A - BRASIL BOLSA BALCAO ADR UNSPN EACH ADS REP 3 ORD SHS	$4,235	$4,087
ADR CENTRAIS ELETRICAS BRASILEIRAS S A SPONSORED ADR REPSTG COM	$4,241	$3,845
ADR COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SABESP SPONSORED A	$5,609	$4,915
ADR COSAN SA SPON ADS EACH REP 1 ORD SHS CL A WI	$1,444	$898
ADR EMBRAER S A SPONSORED ADR REPSTG 4 COM SHS	$2,519	$2,788
ADR ITAU UNIBANCO HLDG SA SPONSORED ADR REPSTG 500 PFD PFD ADR	$5,434	$4,412
ADR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR	$21,029	$19,491
ADR SENDAS DISTRIBUIDORA S A SPONSORED ADR	$2,815	$2,016
ADR SUZANO SA	$5,233	$5,330
ADR TELEFONICA BRASIL SA ADR	$1,445	$1,163
ADR TOTVS SA ADR	$7,497	$6,820
ADR ULTRAPAR PARTICIPACOES S A SPONSORED# US90400P1012	$10,667	$9,181
ADR VALE S A ADR	$8,102	$6,927
BRF S.A ADR	$1,512	$1,487
INTER & CO INC COM USD0.0000025 CLASS A	$1,452	$950
NU HOLDINGS LTD	$16,901	$13,282
STONECO LTD COM CLASS A	$1,453	$1,028
WEG SA SPONSORED ADR	$12,443	$12,036
XP INC COM USD0.00001 CLASS A	$4,476	$3,081
#REORG/BARRICK CHANGE BARRICK 211ZAU4 05-09-2025	$4,964	$4,232
AGNICO-EAGLE MINES LTD COM NPV	$11,229	$11,028
BANK MONTREAL QUE COM	$23,639	$23,971
BANK N S HALIFAX COM STK	$25,527	$25,195
BCE INC COM NEW COM NEW	$12,884	$11,387
BROOKFIELD ASSET MGMT LTD CL A LTD VTG SHS	$15,964	$15,823
BROOKFIELD CORP VTG SHS CL A	$27,099	$27,461
BROOKFIELD RENEWABLE CORP NEW CL A EXCHANGEABLE SUB VOTING SHS	$4,191	$3,872
CAE INC COM NPV	$4,361	$5,355
CAMECO CORP COM	$8,003	$7,709
CANADIAN IMPERIAL BK COMM TORONTO ONT COM STK	$25,116	$25,248
CANADIAN NAT RES LTD COM CANADIAN NATURAL RESOURCE COM STK	$34,993	$32,231
CANADIAN NATL RY CO COM	$23,394	$21,825
CANADIAN PAC KANS CITY LTD	$29,248	$27,625
CENOVUS ENERGY INC COM	$12,072	$11,287
CGI INC COM STOCK	$10,754	$10,604
DESCARTES SYS GROUP INC COM	$5,325	$5,566
ENBRIDGE INC COM	$40,454	$41,115
FIRSTSERVICE CORP COM NPV	$13,257	$12,870
FORTIS INC COM STK	$21,252	$20,411
FRANCO NEV CORP COM STK	$10,781	$10,583
GFL ENVIRONMENTAL INC. COM NPV SUB VTG SHS	$7,214	$7,527
GILDAN ACTIVEWEAR INC COM	$5,271	$5,176
IMPERIAL OIL LTD COM NEW COM NEW	$14,998	$12,563
KINROSS GOLD CORP COM NPV NEW	$1,539	$1,455
MAGNA INTERNATIONAL INC COMMON STOCK	$5,245	$5,140
MANULIFE FINL CORP COM	$24,450	$24,046
NUTRIEN LTD COM NPV	$11,569	$11,187
PAN AMERN SILVER CORP COM	$1,399	$1,294
PEMBINA PIPELINE CORPORATION COMMON STOCK	$23,336	$21,283
RB GLOBAL INC COM NPV	$14,222	$14,253
RESTAURANT BRANDS INTL INC COM NPV	$17,683	$16,769
ROGERS COMMUNICATIONS INC CL B NON VTG CL B	$9,171	$8,190
ROYAL BK CDA MONTREAL QUE COM NPV	$61,701	$60,255
SHOPIFY INC CL A SUB VTG SHS SHOPIFY INC	$43,466	$44,978
STANTEC INC COM STK	$12,951	$12,262
SUN LIFE FINANCIAL INC.	$16,087	$16,022
SUNCOR ENERGY INC NEW COM STK	$19,491	$17,769
TC ENERGY CORPORATION COM NPV	$27,924	$27,707
TECK RESOURCES LIMITED	$11,996	$10,457
TFI INTL INC COM	$5,790	$5,557
THOMSON REUTERS CORP FORMERLY COM NO PAR	$21,114	$20,368
TORONTO DOMINION BK ONT COM NEW COM NEW	$34,164	$33,062
WEST FRASER TIMBER LTD COM	$10,570	$9,816
WHEATON PRECIOUS METALS CORP COM	$11,526	$10,686
ADR ENN ENERGY HLDGS LTD ADR	$1,387	$1,394
ADR SOCIEDAD QUIMICA Y MINERA DE CHILE SA SPONSORED ADR REPSTG SER B SHS	$10,969	$10,254
ADR ALIBABA GRP HLDG LTD SPON ADS E ACH REP 8 ORD SHS ADS	$66,024	$59,692
ADR ANHUI CONCH CEM CO LTD ADR	$10,196	$9,566
ADR AUTOHOME INC SPONSORED ADR REPST CL A	$9,074	$8,611
ADR BAIDU INC SPON ADS EACH REP 8 ORD SHS	$10,197	$9,443
ADR BANK CHINA LTD ADR ADR	$4,756	$4,943
ADR BEONE MEDICINES LTD	$4,298	$4,248
ADR BILIBILI INC ADS REPSTG SHS CL Z	$4,285	$3,894
ADR BOC HONG KONG HLDGS LTD SPONSORED ADR	$18,845	$18,324
ADR BYD CO LTD ADR	$24,652	$23,993
ADR CHINA CONSTR BK CORP ADR	$25,604	$26,715
ADR CHINA MERCHANTS BK CO LTD	$5,622	$5,707
ADR HAIER SMART HOME CO LTD ADR	$10,287	$9,884
ADR HENGAN INTL GROUP CO LTD ADR	$5,174	$5,184
ADR IND & COMM BK OF-UNSPON ADR ADR IND & COMM BK OF-UNSPON ADR	$12,850	$13,851
ADR IQIYI INC SPONSORED ADR	$2,692	$2,585
ADR JD COM INC SPONSORED ADS REPSTG COM CL A	$19,132	$17,127
ADR KE HLDGS INC SPONSORED ADS	$9,842	$8,915
ADR LEGEND BIOTECH CORP SPON ADS EACH REP 2 ORD SHS	$9,395	$7,907
ADR LI AUTO INC SPONSORED ADS	$10,255	$10,388
ADR LI NING CO LTD ADR	$2,749	$2,746
ADR MEITUAN UNSPON ADS EACH REP 2 ORD SHS CL B	$39,624	$35,123
ADR MINISO GROUP HLDG LTD SPONSORED ADS REPSTG ORD SHS	$2,987	$4,037
ADR NETEASE INC SPONSORED ADR ADR EACH REPR 25 COM STK USD0.0001	$14,131	$14,095
ADR NIO INC ADS	$9,215	$8,367
ADR PDD HOLDINGS INC SPON ADS EACH REP 4 ORD SHS	$30,335	$25,120
ADR PING AN INSURANCE SPONSORED ADR REPSTG 2 H SHS	$15,804	$15,051
ADR QFIN HOLDINGS INC	$1,993	$2,303
ADR TENCENT HLDGS LTD ADR	$118,582	$118,219
ADR TENCENT MUSIC ENTMT GROUP ADS	$5,281	$4,971
ADR TRIP COM GRP LTD	$18,099	$18,744
ADR VIPSHOP HLDGS LTD SPONSORED ADR	$9,436	$8,904
ADR WILMAR INTL LTD ADR	$24,416	$23,432
ADR XIAOMI CORP	$28,335	$34,889
ADR XPENG INC ADS	$4,896	$4,657
ADR ZTO EXPRESS CAYMAN INC SPONSORED ADR	$10,129	$9,247
ANTA SPORTS PRODS LTD ADR ADR	$9,399	$8,687
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED	$4,236	$3,767
H WORLD GROUP LTD SPONSORED ADR	$9,614	$8,984
YUM CHINA HLDGS INC COM	$7,348	$7,466
#REORG/ BANCOLOMBIA S A EXCHANGE GRUPO CIBEST SA 2A14AN5 05-19-2025	$14,171	$13,895
#REORG/PANDORA A/S EXCHANGE PANDORA A/S 2619AE4 02-06-2025	$3,271	$3,906
ADR CARLSBERG AS SPONSORED ADR	$8,613	$7,914
ADR COLOPLAST A/S SPONSORED ADR	$10,013	$8,797
ADR DANSKE BK A/S SPONSORED ADR	$14,943	$14,320
ADR DSV A/S ADR UNSP EACH REPR 0.5 ORD	$19,612	$19,116
ADR NOVO-NORDISK A S ADR	$115,026	$90,321
ADR ORSTED A/S ADR	$5,791	$4,389
ADR VESTAS WIND SYS A/S UNSPONSORED ADR REPSTG 3 ORD SHS	$12,021	$10,926
GENMAB A/S SPONSORED ADR	$4,809	$4,591
ADR KONE OYJ ADR	$12,052	$11,050
ADR NOKIA CORP SPONSORED ADR	$20,789	$20,706
ADR SAMPO OYJ ADR ADR	$12,186	$11,496
ADR STORA ENSO CORP SPONSORED ADR REPSTGSER R SHS	$5,054	$4,574
ADR UPM KYMMENE CORP ADR	$12,818	$12,212
NORDEA BANK ABP SPON ADS EACH REP 1 ORD SHS	$7,172	$6,828
ADR AIR LIQUIDE ADR	$40,448	$37,249
ADR ARKEMA SPONSORED ADR	$11,302	$10,312
ADR AXA SA SPONSORED ADR	$20,716	$19,925
ADR BNP PARIBAS SPONSORED ADR REPSTG	$19,436	$18,420
ADR CAPGEMINI S E ADR	$5,414	$4,869
ADR COMPAGNIE DE ST GOBAIN ADR	$19,148	$18,236
ADR DANONE SPONSORED ADR	$22,437	$21,558
ADR DASSAULT SYS S A SPONSORED ADR	$4,837	$4,753
ADR ENGIE S A SPONSORED ADR	$14,004	$13,404
ADR ESSILORLUXOTTICA SA	$25,703	$25,582
ADR HERMES INTL SCA ADR	$22,969	$23,903
ADR KERING S A ADR	$2,796	$2,956
ADR L OREAL S A ADR	$24,859	$23,235
ADR LEGRAND S A ADR	$14,532	$13,324
ADR LVMH MOET HENNESSY LOUIS VUITTON ADR	$56,282	$55,543
ADR MICHELIN COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN ADR	$12,370	$11,604
ADR ORANGE SPONSORED ADR	$9,453	$8,945
ADR PERNOD RICARD S A SPONSORED ADR	$8,997	$8,318
ADR PUBLICIS GROUPE S.A. AMERICAN DEPOSITARY RECEIPTS - SPONSORED	$6,850	$6,792
ADR RENAULT S A ADR	$2,653	$2,976
ADR SAFRAN ADR	$33,007	$31,828
ADR SCHNEIDER ELECTRIC SE	$48,836	$46,662
ADR SOCIETE GENERALE FRANCE SPONSORED ADR	$4,275	$4,407
ADR STMICROELECTRONICS N V SHS-N Y REGISTRY SHS-N Y REGISTRY	$8,949	$8,590
ADR THALES UNSPONSORED ADR	$5,937	$5,285
ADR TOTALENERGIES SE SPONSORED ADR	$41,153	$36,477
ADR VEOLIA ENVIRONNEMENT SPONSORED ADR	$5,161	$4,608
ADR VINCI S A ADR	$21,872	$20,534
AIRBUS SE UNSPON ADR EA REPR 0.25 ORD EUR1	$30,876	$32,027
ALSTOM ADR	$4,887	$4,796
SANOFI SPONSORED ADR	$38,120	$36,558
SODEXO	$6,481	$6,426
ADR ADIDAS AG SPONSORED ADR	$14,940	$14,612
ADR ALLIANZ SE UNSPON ADS EACH REP 1/10 ORD SHARES	$39,678	$38,480
ADR BASF AKTIENGESELLSCHAFT - LEVEL I	$18,625	$17,183
ADR BAYER A G SPONSORED ADR	$5,632	$4,490
ADR BAYERISCHE MOTOREN WERKE AG UNSPON ADR EACH REP 3 ORD SHS	$7,776	$8,767
ADR BRENNTAG SE UNSP ADR EA REPR 1/10 ORD SHS	$4,685	$4,485
ADR COMMERZBANK A G SPONSORED ADR NEW	$2,602	$2,313
ADR CONTINENTAL AG SPONSORED ADR ISIN #US2107712000	$1,622	$1,653
ADR DAIMLER TRUCK HOLDING AG SPON ADS EACH REP 0.5 ORD SHS	$5,961	$5,821
ADR DEUTSCHE BOERSE ADR	$25,723	$25,541
ADR DEUTSCHE LUFTHANSA A G SPONSORED	$3,021	$2,746
ADR DEUTSCHE TELEKOM AG SPONSORED ADR	$34,601	$33,671
ADR DR ING H C F PORSCHE AG ADR	$2,961	$2,687
ADR E ON SE SPONSORED ADR	$13,646	$12,292
ADR FRESENIUS MEDICAL CARE AG	$1,477	$1,675
ADR HENKEL AG & CO KGAA	$11,940	$11,573
ADR INFINEON TECHNOLOGIES AG SPONSORED ADR ADR STK ISIN# US45662N1037	$16,632	$16,118
ADR MERCEDES-BENZ GROUP AG ADR	$19,024	$18,021
ADR MERCK KGAA SPONSORED ADR DEPOSITARY RECEIPT	$4,910	$4,438
ADR MTU AERO ENGINES HLDGS AG ADR	$6,753	$6,959
ADR MUNICH RE GROUP ADR	$27,143	$25,551
ADR RWE AKTIENGESELLSCHAF	$9,635	$8,779
ADR SIEMENS AG COM DM50 (NEW)	$44,192	$42,926
ADR SYMRISE AG ADR	$14,442	$13,205
ADR VONOVIA SE ADR	$10,675	$9,963
ADR ZALANDO SE ADR	$1,454	$1,495
COVESTRO AG- SPONSORED ADR	$10,885	$10,310
DEUTSCHE BK AG COM STK ISIN DE0005140008 SDL 505964X	$8,557	$8,406
DEUTSCHE POST AG SPONSORED ADR	$10,188	$9,283
FRESENIUS SE & CO KGAA SPONSORED ADR	$4,017	$4,025
HEIDELBERG MATLS AG SPONSORED ADR	$4,711	$5,348
SAP SE-SPONSORED ADR	$80,906	$83,465
SIEMENS ENERGY AG ADR	$9,187	$9,885
ADR PIRAEUS FINL HLDGS S A ADR NEW 2021	$19,106	$18,842
ADR AIA GROUP LTD SPONSORED ADR	$37,108	$35,103
ADR CLP HLDG LTD	$21,947	$21,478
ADR FUTU HLDGS LTD SPONSORED ADS	$5,304	$4,425
ADR GEELY AUTOMOBILE HLDGS LTD	$5,849	$6,472
ADR JARDINE MATHESON HLDGS LTD ADR	$16,557	$16,509
ADR LENOVO GROUP LTD SPONSORED ADR	$16,131	$16,583
ADR SUN HUNG KAI PROP LTD NEW	$17,149	$16,015
ADR SWIRE PAC LTD SPONSORED ADR REPSTG 1CL A SH	$10,540	$11,245
ADR TECHTRONIC INDS LTD SPONSORED ADR	$13,394	$12,597
ADR WH GROUP LTD SPONSORED ADR	$5,107	$4,971
GDR MOL MAGYAR OLAJ- ES GAZIPARI RT SPONSORED GDR REG S SPONSORED GDR REG S	$11,369	$11,638
ADR HDFC BK LTD ADR REPSTG 3 SHS	$72,761	$74,716
ADR WIPRO LTD SPONSORED ADR REPSTG 1 SH SPONSORED ADR REPSTG 1 SH COM	$73,999	$75,940
DR REDDYS LABS LTD ADR REPSTG 1/2 SH	$92,891	$98,593
INFOSYS LIMITED ADR	$84,897	$81,433
ADR PT BK CENT ASIA TBK ADR	$37,328	$33,811
ADR PT BK RAKYAT ADR TO PUR SHS B	$9,305	$8,106
ADR PT UTD TRACTORS TBK ADR	$12,336	$12,170
PT BANK MANDIRI TBK UNSPON ADR	$19,642	$16,686
ADR KERRY GROUP PLC SPONSORED ADR	$13,859	$14,391
ADR NICE LTD SPONSORED ADR	$5,547	$5,435
CHECK PT SOFTWARE TECHNOLOGIES ORDILS.01	$15,126	$14,749
CYBER-ARK SOFTWARE LTD COM ILS0.01	$6,594	$7,329
ELBIT SYS LTD	$22,563	$24,047
GLOBAL E ONLINE LTD COM NPV	$5,357	$7,471
ICL-ISRAEL CHEMICALS ILS1	$5,334	$6,131
MONDAY COM LTD COM NPV	$5,178	$4,473
WIX.COM LTD COM ILS0.01	$5,963	$7,509
ADR ASSICURAZIONI GENERALI S P A	$16,293	$15,860
ADR ENI SPA SPONSORED ADR	$14,142	$13,051
ADR INTESA SANPAOLO S P A SPONSORED ADR REPSTG ORD SHS ADR	$17,783	$17,050
ADR PRYSMIAN SPA	$13,385	$12,520
ADR UNICREDIT SPA ADR NEW 2017	$23,694	$22,258
FERRARI N V FERRARI N V COMMON S TOCK	$27,550	$25,915
STELLANTIS N.V	$13,158	$12,920
ADR ADVANTEST CORP SPONSORED ADR NEW	$20,909	$20,594
ADR AEON CO LTD	$10,038	$9,650
ADR ASICS CORP ADR	$4,715	$5,297
ADR ASTELLAS PHARMA INC ADR	$11,465	$10,481
ADR CANON INC SPONSORED ADR	$22,625	$22,299
ADR CENTRAL JAPAN RY CO ADR	$7,677	$6,807
ADR CHUGAI PHARMACEUTICALS CO LTD	$7,463	$7,821
ADR DAIFUKU CO LTD ADR	$3,593	$3,622
ADR DAIICHI SANKYO CO LTD SPONSORED ADR LEVEL 1 SPONSORED ADR LEVEL 1	$18,610	$16,893
ADR DAIWA HOUSE IND LTD ADR	$9,835	$10,039
ADR DISCO CORP ADR	$10,128	$9,831
ADR EAST JAPAN RY CO ADR	$14,080	$13,227
ADR FAST RETAILING CO LTD ADR	$28,841	$28,342
ADR FUJI ELEC HLDGS CO LTD ADR	$8,022	$7,524
ADR FUJIFILM HLDGS CORP ADR 2 ORD ADR	$20,008	$17,892
ADR FUJITSU LTD ADR 5 COM	$14,683	$13,433
ADR HITACHI LTD ADR 2 COM	$44,614	$42,536
ADR HONDA MTR LTD ADR REPRESENTING 1 ORDSHS	$22,923	$23,297
ADR HOYA CORP SPONSORED ADR	$16,535	$15,252
ADR INPEX HLDGS INC ADR ADR	$12,249	$11,501
ADR ISUZU MTRS LTD	$6,448	$6,910
ADR JAPAN AIRLS LTD ADR	$19,872	$19,371
ADR KDDI CORP ADR	$19,400	$19,227
ADR KIRIN HOLDINGS CO LTD SPONSORED ADR	$4,238	$3,868
ADR KOMATSU LTD SPONSORED ISIN US5004584018	$12,195	$12,239
ADR KUBOTA CORP	$9,858	$8,845
ADR LASERTEC CORP ADR	$4,591	$3,770
ADR LY CORPORATION LTD UNSP ADS EA REPR 2 ORD SHS	$4,965	$4,846
ADR M3 INC ADR	$2,887	$2,953
ADR MAKITA CORP (NEW)	$7,250	$7,116
ADR MARUBENI CORP ADR	$10,705	$10,372
ADR MAZDA MTR CORP ADR	$5,045	$4,967
ADR MITSUBISHI ELEC CORP ADR ISIN #US6067762012	$16,080	$16,063
ADR MITSUBISHI ESTATE LTD ADR MITSUBISHIEST ADR +	$10,972	$10,613
ADR MITSUBISHI UFJ FINL GROUP INC SPONSORED ADR	$45,419	$46,224
ADR MIZUHO FINL GROUP INC SPONSORED ADR	$25,426	$26,259
ADR MONOTARO CO LTD ADR	$1,974	$1,986
ADR NIDEC CORP SPONSORED ADR	$5,083	$5,138
ADR NINTENDO LTD ADR	$22,239	$23,525
ADR NISSAN MTR LTD SPONSORED ADR	$11,614	$14,142
ADR NITTO DENKO CORP ADR	$11,308	$11,635
ADR NOMURA HLDGS INC SPONSORED ADR	$7,385	$7,608
ADR OMRON CORP SPONSORED ADR	$10,171	$9,565
ADR PAN PACIFIC INTL HOLDINGS CORP UNSPON ADS EACH REP 0.25 ORD SHS	$6,384	$6,958
ADR PANASONIC HOLDINGS CORP UNSPON ADR EACH REP 1 ORD	$5,996	$6,714
ADR RECRUIT HLDGS CO LTD ADR	$34,135	$35,763
ADR RENESAS ELECTRONICS CORP ADR REPSTG 1/2 COM SHS	$12,326	$11,625
ADR ROHM CO LTD ADR	$4,259	$3,926
ADR SECOM LTD ADR	$22,649	$22,056
ADR SEKISUI HOUSE LTD SPONSORED ADR	$13,339	$12,887
ADR SEVEN & I HLDGS CO LTD ADR	$18,898	$18,573
ADR SHIMANO INC ADR	$5,961	$5,352
ADR SHIN ETSU CHEM CO LTD ADR	$28,511	$25,276
ADR SHISEIDO LTD SPONSORED ADR	$4,533	$3,983
ADR SMC CORP JAPAN SPONSORED ADR	$13,588	$12,403
ADR SONY GROUP CORPORATION SPON ADS EACH REPR 1 ORD SHS	$43,005	$45,642
ADR SUMITOMO CORP SPONSORED ADR	$13,903	$13,775
ADR SUMITOMO METAL MNG CO LTD ADR	$5,376	$4,528
ADR SUMITOMO MITSUI FINL GROUP INC SPONSORED ADR	$32,957	$34,182
ADR TDK CORP	$21,959	$22,110
ADR TERUMO CORP ADR	$6,053	$5,948
ADR TOKIO MARINE HLDGS INC ADR COM STK	$29,228	$28,060
ADR TOKYO ELECTRON LTD ADR	$32,531	$30,951
ADR TOTO LTD ADR	$6,946	$6,473
ADR TOYOTA MTR CORP SPONSORED ADR	$65,901	$73,368
ADR UNICHARM CORP SPONSORED ADR	$9,629	$10,454
ADR WEST JAPAN RY CO ADR	$9,647	$9,336
ADR YASKAWA ELEC CORP ADR	$1,691	$1,375
AJINOMOTO CO INC ADR-EACH CNV INTO 10 ORD Y50	$6,354	$6,548
BRIDGESTONE CORP ADR-EACH CNV INTO 10 ORD Y50	$17,278	$16,109
DAIKIN INDS LTD ADR	$13,083	$12,498
EISAI CO LTD ADR	$1,425	$1,051
FANUC CORPORATION	$12,175	$11,919
ITOCHU CORP ADR-EACH CNV INTO 10 Y50 SHS	$26,034	$25,133
NOMURA RESEARCH INSTITUTE UNSP ADR EACH REP 1 ORD SHS	$4,760	$4,760
OLYMPUS CORP ADR	$5,722	$4,866
OTSUKA HLDGS CO LTD ADR	$14,104	$13,264
SHIONOGI & CO LTD ADR	$3,576	$3,731
SOFTBANK GROUP CORPORATION ADR	$19,363	$18,618
SOMPO HOLDINGS INC ADR UNSP ADR EACH REP 0.50 ORD	$8,407	$9,889
SUMITOMO MITSUI TRUST GROUP INC	$16,307	$16,121
SYSMEX CORP ADR	$1,631	$1,536
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS	$19,021	$18,377
ADR KB FINL GROUP INC SPONSORED ADR REPSTG 1 COM SH ADR	$36,092	$31,864
ADR POSCO HOLDINGS INC ADR EACH REP 1/4 ORD KRW5000 (BNY)	$35,984	$29,311
ADR SHINHAN FINL GROUP CO LTD SPONSORED ADR	$34,099	$29,329
ADR WOORI FINL GROUP INC	$46,921	$42,375
KT CORPORATION SPON ADR EACH REP 1/2 ORD SHS KRW5000 ADR	$11,525	$11,826
ADR GALAXY ENTMT GROUP LTD ADR	$6,842	$6,801
ADR SANDS CHINA LTD UNSPONSORED ADR	$5,785	$6,302
ADR CEMEX SAB DE CV	$1,393	$1,297
ADR COCA-COLA FEMSA S.A.B DE C.V.	$1,392	$1,246
ADR FOMENTO ECONOMICO MEXICANO SAB DE CV	$13,448	$12,653
ADR GRUPO AEROPORTUAIRO DEL PACIFICO SABDE CV	$5,090	$4,900
ADR GRUPO AEROPORTUARIO DEL CENTRO NORTES A B DE C V SPONSORED ADR	$4,630	$4,805
ADR GRUPO FINANCIERO BANORTE S A B DE C	$11,904	$10,657
ADR WAL-MART DE MEX SAB DE CV	$4,253	$3,960
GRUPO AEROPORTUARIO DEL SURESTES.A.B DEC.V.	$5,191	$4,895
ADR ADYEN N V ADR	$6,519	$7,330
ADR AKZO NOBEL N V SPONSORED ADR NEW	$7,776	$7,242
ADR ARGENX SE SPONSORED ADS	$19,956	$20,910
ADR ASML HLDG NV NY REG 2012 (POST REV SPLIT)	$101,987	$93,566
ADR HEINEKEN N V SPONSORED ADR LEVEL 1	$1,938	$1,627
ADR ING GROEP N V SPONSORED ADR	$13,035	$12,630
ADR KONINKLIJKE AHOLD DELHAIZE N V SPONSORED ADR NEW 2016	$8,385	$8,148
ADR NN GROUP NV ADR	$6,077	$5,416
ADR ROYAL KPN NV SPONSORED ADR	$1,908	$1,685
ADR UNIVERSAL MUSIC GROUP NV ADS	$5,725	$6,099
ADR WOLTERS KLUWER N V SPONSORED ADR	$25,862	$25,257
AEGON LTD AMER REGD CERT	$1,414	$1,331
AERCAP HOLDINGS N.V. EUR0.01	$12,221	$12,154
COCA-COLA EUROPACIFIC PARTNERS	$6,490	$6,452
KONINKLIJKE PHILIPS NV	$10,934	$9,925
ADR SPARK NEW ZEALAND LTD SPONSORED ADR	$11,871	$10,529
ADR DNB BK ASA SPONSORED ADR	$6,780	$6,507
ADR EQUINOR ASA SPONSORED ADR	$14,515	$14,309
ADR MOWI ASA SPON ADS EACH REP 1 ORD SHS	$2,288	$2,167
ADR NORSK HYDRO A S SPONSORED ADR	$11,641	$10,486
ADR TELENOR ASA SPONSORED ADR	$4,609	$4,233
CREDICORP LTD COM STK	$9,931	$9,533
SOUTHN COPPER CORP DEL COM	$17,429	$15,310
ADR PLDT INC SPONSORED ADR	$25,892	$24,764
BDO UNIBANK INC SPONSORED ADR	$13,230	$12,776
GALP ENERGIA SGPS SA ADR	$9,375	$8,860
ADR DBS GROUP HLDGS LTD SPONSORED ADR	$55,213	$56,082
ADR SEA LTD ADR	$19,063	$18,780
ADR SINGAPORE TELECOMMUNICATIONS LTD SPONSORED ADR NEW 2006	$30,907	$29,469
#REORG/ANGLO AMERN REVERSE STOCK SPLIT ANGLO AMERN 2A1JAX5 06-02-2025	$10,742	$10,650
ADR GOLD FIELDS LTD NEW SPONSORED ADR	$8,882	$8,052
ADR HARMONY GOLD MNG LTD SPONSORED ADR	$1,388	$1,174
ADR SASOL LTD SPONSORED ADR	$10,184	$8,413
ADR STD BK GROUP LTD SPONSORED ADR	$32,633	$28,501
ADR VALTERRA PLATINUM LIMITED	$1,456	$1,189
ANGLOGOLD ASHANTI PLC ORD USD1	$2,171	$1,846
NASPERS SPON ADR EACH REP 0.2 ORD SHS (P/S)CL N	$22,503	$20,610
ADR AENA SME S A ADR	$12,390	$11,838
ADR AMADEUS IT GROUP S A ADS	$12,769	$12,556
ADR BANCO BILBAO VIZCAYA ARGENTARIA S A SPONSORED ADR	$21,076	$20,082
ADR CAIXABANK ADR	$14,274	$13,549
ADR CELLNEX TELECOM S A ADR	$9,592	$8,606
ADR GRIFOLS S A SPONSORED ADR REPSTG 1/2CL B NON VTG NEW	$2,632	$2,120
ADR IBERDROLA S A SPONSORED ADR REPSTG 1ORD SHS	$37,074	$35,400
ADR INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR ADR	$31,102	$28,520
ADR REPSOL S A SPONSORED ADR	$5,857	$5,515
BANCO SANTANDER S.A.	$20,080	$18,550
#REORG/EPIROC AB UNSPON ADS EXCHANGE EPIROC AKTIEBOLAG 211KAM4 04-24-2025	$10,922	$10,051
ADR ALFA LAVAL AB SWEDEN ADR	$11,654	$10,922
ADR ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM CLASS A	$22,948	$20,320
ADR BOLIDEN AB ADR	$12,025	$11,066
ADR EVOLUTION AB ADR UNSP ADR EACH REPR 1 ORD	$9,366	$8,223
ADR GETINGE AB ADR	$2,645	$2,753
ADR HEXAGON AB ADR	$21,264	$21,646
ADR SANDVIK AB ADR	$6,066	$5,460
ADR SKF AB SPONSORED ADR PAR S KR 12.50	$5,029	$4,991
ADR SWEDBANK A B SPONSORED ADR	$8,013	$7,880
ADR VOLVO AB ADR	$19,848	$18,958
GDR ASSA ABLOY AB ADR	$18,313	$17,199
SPOTIFY TECHNOLOGY S A COM EUR0.025	$29,749	$27,290
SVENSKA HANDELSBANKEN AB ADR	$4,988	$5,141
ADR ABB LTD SPONSORED ADR	$38,986	$36,362
ADR ADECCO GROUP AG ADR	$10,914	$9,678
ADR COMPAGNIE FINANCIERE RICHEMONT AG SWITZ ADR	$28,656	$29,601
ADR DSM-FIRMENICH AG SPONSORED ADR	$7,356	$6,922
ADR GIVAUDAN SA ADR	$28,090	$26,123
ADR JULIUS BAER GROUP LTD-UN ADR	$7,370	$7,726
ADR LONZA GROUP AG ADR	$18,142	$17,634
ADR NOVARTIS AG	$68,686	$63,057
ADR ROCHE HLDG LTD SPONSORED ADR ISIN #US771195104	$70,241	$66,412
ADR SONOVA HLDG AG UNSP ADR	$10,468	$9,756
ADR STRAUMANN HLDG AG ADR	$2,295	$1,868
ADR SWATCH GROUP AG ADR	$5,080	$4,711
ADR ZURICH INS GROUP LTD SPONSORED	$42,093	$40,972
ALCON AG COM USD0.04 WI	$16,993	$16,129
GDR NESTLE S A SPONSORED ADR REPSTG REG SH	$79,074	$72,141
GDR SWISSCOM SPONSORED ADR	$11,826	$11,205
LOGITECH INTERNATIONAL SA CHF0.25(REGD) (POST-SUBD)	$15,049	$14,905
UBS GROUP AG COMMON STOCK	$38,283	$36,293
ADR CHUNGHWA TELECOM CO LTD SPONSORED ADR NEW 2011	$79,258	$78,576
ADR TAIWAN SEMICONDUCTOR MANUFACTURING ADS REP 5 TWD10	$374,343	$382,179
ADR UNITED MICROELECTRONICS CORP SPONSORED ADR NEW	$46,273	$42,055
ASE TECHNOLOGY HOLDING CO LTD ADR	$42,661	$42,596
ADR TURKCELL ILETISIM HIZMET ADS EACH REPR 2.5 TRADABLE SHS TRY1	$17,717	$17,636
ADR 3I GROUP ADR	$18,739	$18,520
ADR ASHTEAD GROUP PLC ADR	$15,420	$12,959
ADR ASSOCIATED BRIT FOODS LTD ADR NEW	$2,584	$2,242
ADR ASTRAZENECA PLC SPONSORED ADR UNITEDKINGDOM	$71,265	$67,224
ADR AUTO TRADER GROUP PLC ADR	$6,326	$5,713
ADR BAE SYS PLC SPONSORED ADR	$26,467	$23,436
ADR BARCLAYS PLC ADR	$7,421	$7,775
ADR BRIT AMERN TOB PLC SPONSORED	$33,129	$33,459
ADR BUNZL PLC SPONSORED ADR NEW	$9,502	$8,709
ADR COMPASS GROUP PLC SPON ADR EACH REP 1 ORD SHS (POST SPLT)	$29,861	$29,962
ADR GSK PLC	$24,547	$23,391
ADR HSBC HLDGS PLC SPONSORED ADR NEW	$59,268	$62,023
ADR IMPERIAL BRANDS PLC SPONSORED ADR	$10,413	$11,331
ADR INTERCONTINENTAL HOTELS GROUP PLC NEW SPON ADS EACH REPR 1 ORD SHS	$7,418	$7,995
ADR J SAINSBURY PLC SPONSORED ADR NEW	$3,149	$3,455
ADR LEGAL & GEN GROUP PLC SPONSORED ADR	$10,055	$9,911
ADR LONDON STK EXCHANGE GROUP ADR	$37,070	$37,546
ADR MARKS & SPENCER GROUP P L C SPONSORED ADR	$9,067	$8,506
ADR NATIONAL GRID PLC SPONSORED ADR NEW 2017	$25,355	$23,887
ADR PEARSON PLC SPONSORED ADR	$7,143	$8,173
ADR PERSIMMON ADR	$2,834	$2,670
ADR PRUDENTIAL PLC ADR ISIN #US74435K2042	$5,234	$4,925
ADR RECKITT BENCKISER GROUP PLC SPONSORED ADR	$22,922	$22,477
ADR RELX PLC SPONSORED ADR	$42,379	$41,332
ADR RENTOKIL INITIAL PLC SPONSORED ADR	$6,177	$6,355
ADR RIO TINTO PLC SPONSORED ADR	$27,746	$25,582
ADR SAGE GROUP PLC ADR NEW UNSPON ADR EAREPR 4 ORD(POST REV SPLIT)	$9,713	$9,861
ADR SEVERN TRENT PLC SPONSORED ADR	$13,530	$12,824
ADR SMITH & NEPHEW GROUP P L C SPONSOREDADR NEW	$5,423	$4,965
ADR SMITHS GROUP PLC SPONSORED ADR	$6,632	$6,585
ADR SPONSORED ADR	$13,102	$11,599
ADR TESCO PLC SPONSORED ADR NEW	$20,833	$20,806
ADR UNILEVER PLC SPONSORED ADR NEW	$56,055	$52,844
ADR UNITED UTILS GROUP PLC SPONSORED ADR	$14,473	$13,951
ADR WHITBREAD PLC SPON ADR EACH REPR 1 ORD SHS	$9,570	$9,635
ADR WPP PLC ADR DR EACH REPR 5 SHS	$5,409	$5,500
AVIVA PLC ADR NEW	$5,949	$5,636
BERKELEY GROUP HLDGS PLC ADR NEW	$4,065	$3,639
DIAGEO PLC SPONSORED ADR NEW	$24,143	$23,773
EXPERIAN PLC	$19,098	$17,007
LLOYDS BANKING GROUP PLC-ADR	$10,476	$9,789
NATWEST GROUP PLC SPON ADS EACH REPR 2 ORD SHS WI	$7,496	$7,912
ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG ORD SH	$67,886	$64,467
STANDARD CHARTERED PLC ADR	$5,671	$5,863
#REORG/ QIAGEN NV EXCHANGE QIAGEN NV 241VAQ4 01-29-2025	$1,407	$1,425
#REORG/JBS EXCHANGE JBS 2C1RAM5 06-11-2025	$4,426	$4,504
ADR HOLCIM LTD NEW SPON ADS EACH REPR 0.20 ORD SHS	$32,640	$31,310
ADR SWISS RE LTD SPONSORED ADR	$22,530	$22,807
BRP INC COM SUB VTG BRP INC SUBORDINATE VTG NPV	$1,401	$1,224
HALEON PLC ADR	$21,919	$21,265
CHINA MENGNIU DAIRY CO LTD ADR ADR	$1,476	$1,468
STATE STREET CORPORATION HYBRID	$249,219	$250,021
JM SMUCKER CO 3.375% 12/15/2027 USD SR LIEN NEXT CALL	$147,481	$147,223
CROWN CASTLE INC 5.0% 01/11/2028 USD SR LIEN NEXT CALL	$147,057	$145,853
MORGAN STANLEY BANK NA HYBRID 01/14/2028 USD SER	$344,698	$342,462
PHILIP MORRIS INTERNATIONAL IN 3.125% 03/02/2028 USD	$255,105	$253,019
BANCO SANTANDER SA HYBRID 03/14/2028 USD SER	$203,042	$201,734
AMERICAN TOWER CORP 5.5% 03/15/2028 USD SR LIEN	$148,391	$147,139
B.A.T. CAPITAL CORPORATION 2.259% 03/25/2028 USD SR	$103,632	$102,899
VIRGINIA ELEC & POWER CO 3.8% 04/01/2028 USD SER A SR	$149,183	$147,311
INTERCONTINENTAL EXCHANGE, INC 3.625% 09/01/2028 SER	$140,555	$139,004
BARCLAYS PLC HYBRID 09/10/2028 SR LIEN CPN 09/10/24	$206,049	$204,729
AIR LEASE CORP 4.625% 10/01/2028 USD SER 10Y SR LIEN	$205,781	$203,477
FOX CORPORATION 4.709% 01/25/2029 USD SER WI SR LIEN	$147,220	$145,295
TRUIST FINANCIAL CORPORATION HYBRID MTN 01/26/2029	$102,200	$101,489
BANK OF NY MELLON CORP HYBRID 02/01/2029 USD SR LIEN	$345,664	$343,336
CARDINAL HEALTH, INC. 5.125% 02/15/2029 USD SR LIEN	$148,101	$146,218
AON NORTH AMERICA, INC. 5.15% 03/01/2029 USD SR LIEN	$197,119	$194,623
BANK OF AMERICA CORPORATION HYBRID MTN 03/05/2029	$346,587	$344,275
JPMORGAN CHASE & CO. HYBRID 04/23/2029 USD SR LIEN	$250,396	$248,248
WASTE CONNECTIONS INC 3.5% 05/01/2029 USD SR LIEN	$195,569	$192,770
AEP TEXAS INC. 5.45% 05/15/2029 USD SR LIEN NEXT CALL DT.	$194,237	$191,578
TOYOTA MOTOR CREDIT CORP 5.05% 05/16/2029 USD SR LIEN	$253,056	$249,746
MIZUHO FINANCIAL GROUP, INC. HYBRID 05/27/2029 USD SR	$243,507	$240,465
SIMON PROPERTY GROUP, L.P. 2.45% 09/13/2029 USD SR LIEN	$203,135	$200,551
MCKESSON CORPORATION 4.25% 09/15/2029 SR LIEN NEXT	$132,225	$130,980
BUNGE LTD FINANCE CORP 4.2% 09/17/2029 SR LIEN NEXT CALL	$198,438	$195,948
VERIZON COMMUNICATIONS, INC. 4.016% 12/03/2029 USD	$196,123	$193,809
UNITEDHEALTH GROUP INCORPORATE 4.8% 01/15/2030 SR	$99,023	$97,606
ING GROEP NV HYBRID 03/19/2030 USD SR LIEN CPN 03/19/24	$247,038	$242,973
CITIGROUP INC. HYBRID 03/20/2030 USD SR LIEN CPN	$248,167	$245,432
AMERICAN EXPRESS COMPANY HYBRID 04/25/2030 USD SR	$339,788	$335,116
HORMEL FOODS CORP 1.8% 06/11/2030 USD SR LIEN NEXT	$247,319	$244,204
BANK OF MONTREAL HYBRID 09/10/2030 SR LIEN CPN	$346,378	$341,318
CANADIAN IMPERIAL BANK OF COMM HYBRID 09/11/2030 SR	$248,113	$244,918
BRISTOL-MYERS SQUIBB COMPANY 5.75% 02/01/2031 USD	$342,764	$337,077
EVERSOURCE ENERGY 5.85% 04/15/2031 USD SR LIEN NEXT	$346,646	$340,851
EBAY INC. 2.6% 05/10/2031 USD SR LIEN NEXT CALL DT. 02 10	$196,223	$192,246
NXP B.V. 2.5% 05/11/2031 USD SER WI SR LIEN NEXT CALL DT.	$197,260	$194,409
GENERAL MOTORS FINL CO 5.6% 06/18/2031 USD SR LIEN	$146,586	$145,699
UNITEDHEALTH GROUP INC 4.95% 01/15/2032 SR LIEN	$244,967	$239,972
AERCAP IRELAND CAPITAL DESIGNA 3.3% 01/30/2032 USD	$197,103	$193,475
BAXTER INTERNATIONAL INC 2.539% 02/01/2032 USD SR	$147,745	$145,135
HSBC HOLDINGS PLC HYBRID 05/24/2032 USD SR LIEN CPN	$177,394	$173,373
DIAGEO CAPITAL PLC 5.5% 01/24/2033 USD SR LIEN NEXT CALL	$244,372	$239,390
ENERGY TRANSFER LP 5.75% 02/15/2033 USD SR LIEN NEXT	$147,161	$144,961
ENBRIDGE INC 5.7% 03/08/2033 USD SR LIEN	$196,452	$192,067
PFIZER INVESTMENT ENTERPRISES 4.75% 05/19/2033 USD SR	$340,081	$332,213
FISERV, INC. 5.625% 08/21/2033 USD SR LIEN	$147,083	$144,549
U.S. BANCORP HYBRID 10/21/2033 USD SR LIEN CPN	$100,277	$98,153
PNC FINANCIAL SERVICES GROUP, HYBRID 01/24/2034 USD SR	$101,435	$99,447
DOW CHEMICAL CO/THE 5.15% 02/15/2034 USD SR LIEN	$195,928	$190,728
REALTY INCOME CORP 5.125% 02/15/2034 USD SR LIEN	$245,715	$240,115
THE CIGNA GROUP 5.25% 02/15/2034 USD SR LIEN	$195,911	$191,295
MPLX LP 5.5% 06/01/2034 USD SR LIEN	$144,996	$142,062
AUTOZONE, INC. 5.4% 07/15/2034 SR LIEN	$146,000	$143,185
COMCAST CORPORATION 5.65% 06/15/2035 SR LIEN S&P	$242,440	$235,860
ORACLE CORPORATION 3.85% 07/15/2036 USD SR LIEN	$114,010	$111,411
U.S. TREASURY NOTE 3.750000% 04/15/2026 AO ON THE RUN	$995,573	$993,630
U.S. TREASURY NOTE 0.375000% 09/30/2027 MS ON THE RUN	$1,993,137	$1,975,895
U.S. TREASURY NOTE 1.250000% 09/30/2028 MS ON THE RUN	$636,716	$628,194
U.S. TREASURY NOTE 1.750000% 11/15/2029	$597,925	$587,009
U.S. TREASURY NOTE 0.875000% 11/15/2030	$948,193	$926,078
U.S. TREASURY NOTE 1.375000% 11/15/2031	$1,343,775	$1,309,010
U.S. TREASURY BOND 4.750000% 02/15/2037	$1,151,130	$1,110,202
VEEVA SYS CL A	$16,400	$16,507
ACCRUED INVESTMENT INCOME	$0	$188,560

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	PARTNERSHIPS	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$28,387,399	BookValueAmt
EOYFMV	$46,558,124	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	INVESTMENT RELATED COUNSEL	CategoryTxt
Legal Fees	$57,472	LegalFeesAmt
Net Investment Income	$57,472	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	CUMULATIVE BOOK/TAX DIFFERENCES	Desc
BOY Book Value	$16,820,466	BOYBookValueAmt
EOY Book Value	$3,774,003	EOYBookValueAmt
EOYFMV	$0	EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Field	Value	IRS element (for citing)
Desc	NET ASSET ADJUSTMENT	Desc
Amt	$601,902	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
K-1 EXPENSES	$585,566	$551,406	$0
BANK FEES	$156	$156	$0
INSURANCE	$201	$201	$0
POSTAGE	$17	$0	$17

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
ORDINARY INCOME FROM K-1	$652,124	$652,124	$652,124
UBI INCOME FROM K-1	$187,171	$0	$187,171
FEDERAL TAX REFUND	$53,001		$53,001

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN ON CONTRIBUTED SHARES	Desc
Amt	$25,069	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT MANAGEMENT FEES	$1,509,345	$1,509,345	$0
OTHER PROFESSIONAL FEES	$2,236	$2,236	$0

Reduction Explanation Statement ReductionExplanationStatement

Field	Value	IRS element (for citing)
Short Explanation	A QUALIFIED VALUATION CONSULTANT PERFORMED A BLOCKAGE DISCOUNT STUDY REGARDING THE BELOW STOCKS AND DETERMINED THAT THE SHARES WOULD HAVE TO BE LIQUIDATED OVER AN EXTENDED PERIOD OF TIME IN ORDER TO REALIZE THEIR FAIR MARKET VALUE (FMV) AND AVOID ADVERSELY IMPACTING THE MARKET FOR THESE SHARES. BLOCK 1 - ROLLINS, INC. : AS OF 12/31/24, THE FOUNDATION HELD 5,224,829 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 4.35 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 8.2%. AVERAGE MONTHLY FMV DURING 2024: $254,686,269; DISCOUNT: $20,884,274. BLOCK 2 - RPC, INC.: AS OF 12/31/24, THE FOUNDATION HELD 1,859,279 SHARES. THE STUDY CONCLUDED THAT IT WOULD TAKE 3.33 YEARS TO LIQUIDATE THE SHARES WITHOUT ADVERSELY AFFECTING THE VALUE. APPLYING AN APPROPRIATE PRESENT VALUE TO THE REALIZED PROCEEDS YIELDED A DISCOUNT OF 7.6%. AVERAGE FMV DURING 2023: $9,082,914; DISCOUNT: $690,301.	ShortExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL TAX	$87,063	$0	$0
PAYROLL TAX	$10,722	$0	$10,722
INVESTMENT TAX	$1,697	$1,697	$0
STATE SOURCED TAX WITHHOLDING	$0	$4,486	$0

THE MA-RAN FOUNDATION: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

US Address USAddress

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Other Investment Income OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor Business Name ContributorBusinessName

Contributor US Address ContributorUSAddress

Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (1838 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

Reduction Explanation Statement ReductionExplanationStatement

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

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