BRIDGES INVESTMENT FUND, INC.
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SCHEDULE OF INVESTMENTS
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MARCH 31, 2022
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(unaudited)
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Title of Security
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Shares
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Cost
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Value
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|||||
COMMON STOCKS - 99.35%
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||||||||
Administrative and Support Services - 14.86%
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||||||||
MasterCard, Inc. - Class A
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48,000
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$ |
788,884
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$ |
17,154,240
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|||
PayPal Holdings, Inc. (a)
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35,000
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871,561
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4,047,750
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|||||
Terminix Global Holdings, Inc. (a)
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60,000
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2,174,916
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2,737,800
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|||||
TransUnion
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40,000
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3,502,992
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4,133,600
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|||||
Visa, Inc. - Class A
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38,000
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1,061,121
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8,427,260
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|||||
8,399,474
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36,500,650
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|||||||
Broadcasting (except Internet) - 0.48%
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||||||||
Cable One, Inc.
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800
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1,607,999
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1,171,392
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|||||
Building Material and Garden Equipment and Supplies Dealers - 2.90%
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||||||||
Home Depot, Inc.
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13,000
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1,941,152
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3,891,290
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|||||
Lowe's Companies, Inc.
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16,000
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1,631,716
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3,235,040
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|||||
3,572,868
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7,126,330
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|||||||
Chemical Manufacturing - 0.30%
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The Sherwin-Williams Co.
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3,000
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711,670
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748,860
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Computer and Electronic Product Manufacturing - 26.78%
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||||||||
Alphabet, Inc. - Class A (a)
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4,000
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847,060
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11,125,400
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|||||
Alphabet, Inc. - Class C (a)
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4,010
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844,083
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11,199,890
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|||||
Apple, Inc.
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164,000
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661,466
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28,636,039
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|||||
NVIDIA Corp.
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37,000
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2,105,831
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10,095,820
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|||||
Thermo Fisher Scientific, Inc.
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8,000
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1,773,523
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4,725,200
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|||||
6,231,963
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65,782,349
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|||||||
Credit Intermediation and Related Activities - 5.88%
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||||||||
JPMorgan Chase & Co.
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30,000
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1,721,192
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4,089,600
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SVB Financial Group (a)
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12,000
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2,426,971
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6,713,400
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|||||
Wells Fargo & Co.
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75,000
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2,190,904
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3,634,500
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|||||
6,339,067
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14,437,500
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|||||||
Electrical Equipment, Appliance, and Component Manufacturing - 0.24%
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||||||||
Generac Holdings, Inc. (a)
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2,000
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607,437
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594,520
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|||||
Food Services and Drinking Places - 1.04%
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||||||||
Casey's General Stores, Inc.
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6,000
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989,889
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1,189,020
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|||||
Starbucks Corp.
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15,000
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287,321
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1,364,550
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|||||
1,277,210
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2,553,570
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|||||||
Funds, Trusts, and Other Financial Vehicles - 1.15%
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||||||||
Alcon, Inc. - ADR
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35,500
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2,087,585
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2,816,215
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Health and Personal Care Stores - 0.49%
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||||||||
Ulta Beauty, Inc. (a)
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3,000
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1,109,837
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1,194,660
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|||||
Insurance Carriers and Related Activities - 6.96%
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||||||||
Berkshire Hathaway, Inc. - Class B (a)
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20,000
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678,649
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7,058,200
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|||||
The Progressive Corp.
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30,000
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2,368,209
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3,419,700
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|||||
UnitedHealth Group, Inc.
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13,000
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3,145,097
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6,629,610
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|||||
6,191,955
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17,107,510
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|||||||
Merchant Wholesalers, Durable Goods - 1.06%
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||||||||
IAA, Inc.(a)
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68,000
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2,831,213
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2,601,000
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Miscellaneous Manufacturing - 1.25%
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||||||||
Edwards Lifesciences Corp. (a)
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26,000
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1,872,066
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3,060,720
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|||||
Nonstore Retailers - 6.64%
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||||||||
Amazon.com, Inc.(a)
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5,000
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1,231,664
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16,299,750
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|||||
Other Information Services - 2.49%
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||||||||
Meta Platforms, Inc. - Class A (a)
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27,500
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3,597,112
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6,114,900
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Professional, Scientific & Technical Services - 3.33%
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||||||||
IQVIA Holdings, Inc. (a)
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3,250
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616,405
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751,433
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|||||
Palo Alto Networks, Inc. (a)
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11,000
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2,379,071
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6,847,610
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|||||
ServiceNow, Inc.(a)
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1,000
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530,231
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556,890
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|||||
3,525,707
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8,155,933
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|||||||
Publishing Industries (except Internet) - 11.19%
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||||||||
Adobe, Inc. (a)
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12,000
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3,463,758
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5,467,440
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Autodesk, Inc. (a)
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13,000
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1,985,801
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2,786,550
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|||||
Microsoft Corp.
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52,000
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6,470,467
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16,032,120
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salesforce.com, Inc. (a)
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15,000
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2,246,082
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3,184,800
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14,166,108
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27,470,910
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|||||||
Rail Transportation - 2.60%
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||||||||
Union Pacific Corp.
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23,500
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692,213
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6,420,435
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|||||
Real Estate - 0.56%
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||||||||
American Tower Corp.
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5,500
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1,235,930
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1,381,710
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|||||
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 6.35%
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||||||||
BlackRock, Inc.
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5,000
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1,435,942
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3,820,850
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Chemed Corp.
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3,000
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1,360,001
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1,519,650
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Intercontinental Exchange, Inc.
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27,000
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2,654,242
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3,567,240
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|||||
S&P Global, Inc.
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13,000
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2,334,390
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5,332,340
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Texas Pacific Land Corp.
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1,000
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810,904
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1,352,110
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|||||
8,595,479
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15,592,190
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|||||||
Truck Transportation - 2.80%
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||||||||
Old Dominion Freight Line, Inc.
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23,000
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2,127,790
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6,869,640
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TOTAL COMMON STOCKS
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78,012,347
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244,000,744
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SHORT-TERM INVESTMENTS - 0.85%
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Mutual Funds - 0.85%
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||||||||
First American Treasury Obligations Fund - Class X 0.22% (b)
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2,081,035
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2,081,035
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2,081,035
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|||||
TOTAL SHORT-TERM INVESTMENTS
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2,081,035
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2,081,035
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||||||
TOTAL INVESTMENTS - 100.20%
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$ |
80,093,382.00
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246,081,779
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|||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.20)%
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(484,738)
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|||||||
TOTAL NET ASSETS - 100.00%
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$ |
245,597,041
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||||||
ADR
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American Depository Receipt
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Percentages are stated as a percent of net assets.
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(a)
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Non Income Producing.
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|||||||
(b)
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The rate shown is the annualized seven day yield as of March 31, 2022.
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The accompanying notes are an integral part of the Schedule of Investments.
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Notes to Schedule of Investments
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Financial Accounting Standards Board ("FASB") accounting standards codification "Fair Value Measurements and Disclosures" Topic 820 ("ASC 820"),
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||||||
establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires additional disclosures
about the
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||||||
various inputs used to develop the measurements of fair value. These inputs are summarized in the three broad levels listed below:
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• Level 1 - Unadjusted quoted prices in active markets for identical investments.
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• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or
indirectly.
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These inputs may include quoted prices for the identical instrument on an inactive market, prices of similar instruments, interest rates,
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||||||
prepayment speeds, credit risk, yield curves, default rates and similar data.
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• Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own
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assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information
available.
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The valuation techniques used by the Fund to measure fair value for the three months ended March 31, 2022 maximized the use of
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||||||
observable inputs and minimized the use of unobservable inputs. During the three months ended March 31, 2022, no securities
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||||||
held by the Fund were deemed as Level 3.
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The following is a summary of the inputs used as of March 31, 2022, in valuing the Fund's investments carried at fair value:
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Description
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Level 1
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Level 2
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Level 3
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Total
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||||||||||||
Investments
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||||||||||||||||
Common Stocks
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$
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244,000,744
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$
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-
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$
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-
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$
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244,000,744
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||||||||
Short-Term Investments
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2,081,035
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-
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-
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2,081,035
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||||||||||||
Total Investments in Securities
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$
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246,081,779
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$
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-
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$
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-
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$
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246,081,779
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Refer to the Schedule of Investments for further information on the classification of investments.
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