| Adler Group S.A | 655,912 | – |
| Adyen NV | 17,596 | 20,689,611 |
| Aflac Inc | 46 | 3,962 |
| Airbnb Inc | 116,500 | 10,777,659 |
| Airbus SE | 73,500 | 10,012,682 |
| Alibaba Group Holding Ltd | 728,300 | 9,282,859 |
| Allianz SE | 93,349 | 27,459,779 |
| Alphabet Inc | 133,500 | 15,983,799 |
| Amazon.com Inc | 278,969 | 41,118,612 |
| American Intl Group Inc | 245,900 | 16,562,885 |
| Amphenol Corp | 203,747 | 10,353,488 |
| Amsurg Corp | 43,788 | 1,677,904 |
| Apple Inc | 102,922 | 17,705,055 |
| Applovin Corp | 80,942 | 16,597,890 |
| Aptiv Plc | 286,800 | 13,222,907 |
| Asml Holding NV | 39,749 | 20,158,623 |
| AT & T Inc | 145,700 | 3,194,507 |
| Atlassian Corp | 115,717 | 19,014,971 |
| Automatic Data Processing Inc | 62,330 | 14,751,070 |
| Bank of America Corp | 329,700 | 10,664,322 |
| Bank of Nova Scotia | 110,803 | 4,068,973 |
| Bayer AG | 1,194,031 | 22,053,625 |
| Becton Dickinson & Co | 76,900 | 13,643,903 |
| Beone Medicines Ltd | 63,052 | 13,276,212 |
| Berkshire Hathaway Inc | 19,517 | 8,063,397 |
| Biontech SE | 123,964 | 8,738,705 |
| Bnp Paribas | 341,000 | 21,948,216 |
| Booking Holdings Inc | 1,700 | 6,059,191 |
| Canadian Imperial Bank of Commerce | 78,466 | 3,411,984 |
| Canadian Nat Res Ltd | 417,056 | 9,936,361 |
| Canadian National Railway Com NPV | 38,795 | 2,918,429 |
| Capgemini | 76,700 | 8,861,226 |
| Capital One Final Corp | 75,300 | 10,451,867 |
| Carlyle Group Inc | 291,600 | 9,843,123 |
| CBOE Global Markets Inc | 33,403 | 5,846,527 |
| CDW Corp | 20,517 | 2,546,127 |
| Cencora Inc | 40,746 | 8,776,765 |
| Centene Corp | 247,616 | 11,642,699 |
| Charter Communications Inc | 58,700 | 16,753,431 |
| Check Point Software Technologies Ltd | 21,221 | 3,747,029 |
| China Construction Bank Corp | 12,456,000 | 8,533,526 |
| Chubb Ltd | 37,834 | 8,854,460 |
| Church & Dwight Co Inc | 28,837 | 2,458,210 |
| Cisco Systems Inc | 324,885 | 15,525,009 |
| Cloudflare Inc | 248,304 | 21,662,995 |
| Cme Group Inc | 43,770 | 8,991,712 |
| Cnh Industrial NV | 1,864,100 | 17,734,764 |
| Coca Cola Co | 282,915 | 15,698,137 |
| Colgate Palmolive Co | 55,385 | 4,021,875 |
| Conocophillips | 203,008 | 16,512,732 |
| Consolidated Edison Inc | 59,170 | 5,068,701 |
| Contemporary Amperex Technology Co Ltd | 379,880 | 10,245,481 |
| Corestate Capital Holding SA | 210,984 | – |
| Costco Wholesale Corp | 6,000 | 4,395,212 |
| Coupang Inc | 1,039,137 | 17,647,012 |
| Daimler Truck Holding AG | 348,400 | 10,823,012 |
| Datadog Inc | 135,685 | 10,419,598 |
| Dbs Group Holdings Ltd | 144,762 | 3,877,515 |
| Deere & Co | 26,300 | 9,569,267 |
| Deutsche Telekom AG | 606,425 | 17,366,774 |
| Dexcom Inc | 205,341 | 10,856,067 |
| Diageo Plc | 398,800 | 8,031,832 |
| DSV A/S | 58,000 | 8,643,244 |
| E L F Beauty Inc | 136,567 | 6,651,921 |
| Elevance Health Inc | 28,782 | 9,701,479 |
| Enbridge Inc | 156,253 | 5,340,172 |
| Enphase Energy Inc | 141,089 | 6,781,453 |
| EOG Resources Inc | 91,364 | 9,080,126 |
| Equifax Inc | 53,900 | 10,159,883 |
| Expeditors International of Washington Inc | 38,148 | 3,552,500 |
| Fast Retailing Co Ltd | 13,700 | 3,126,561 |
| Fiserv Inc | 48,900 | 8,370,300 |
| Fresenius SE & Co KGaA | 417,100 | 13,714,635 |
| FUJI Film Holdings Corporation | 283,400 | 4,175,706 |
| Gartner Inc | 8,675 | 2,817,871 |
| GE Healthcare Technologies Inc | 186,300 | 11,640,592 |
| Geberit AG | 7,963 | 3,833,705 |
| General Mills Inc | 19 | 880 |
| General Motors Co | 238,400 | 8,682,691 |
| Glencore Plc | 4,754,400 | 13,326,583 |
| GoDaddy Inc | 18,100 | 2,524,534 |
| Hermes International SCA | 6,757 | 13,633,682 |
| Home Depot Inc | 10,957 | 3,110,659 |
| Horizon Robotics | 7,668,000 | 5,092,950 |
| Illinois Tool Works Inc | 18,802 | 3,612,693 |
| Intercontinental Exchange Inc | 99,300 | 13,274,618 |
| International Business Machines Corp | 32,964 | 6,352,736 |
| Intuitive Surgical Inc | 54,860 | 21,044,222 |
| IQVIA Holdings Inc | 120,200 | 16,411,268 |
| Joby Aviation Inc | 708,741 | 3,305,536 |
| Johnson & Johnson Inc | 51,431 | 6,609,625 |
| Julius Baer Gruppe AG | 249,200 | 13,241,307 |
| Kering SA | 108,900 | 17,388,747 |
| Keurig Dr Pepper Inc | 416,300 | 11,033,602 |
| Kimberly-Clark Corp | 31,808 | 3,503,747 |
| Koninklijke Ahold Delhaize NV | 335,742 | 9,707,687 |
| Koninklijke KPN NV | 4,473,353 | 14,652,645 |
| Kweichow Moutai Co Ltd | 79,500 | 13,232,395 |
| Marsh & McLennan Companies Inc | 83,519 | 15,789,506 |
| Mastercard Inc | 43,001 | 18,251,812 |
| McDonald’s Corp | 19,354 | 4,681,396 |
| Meituan | 1,693,720 | 26,276,684 |
| Mercadolibre Inc | 13,331 | 20,146,204 |
| Mercedes-Benz | 435,200 | 19,736,497 |
| Meta Platforms Inc | 11,000 | 4,910,734 |
| Microsoft Corp | 51,991 | 15,098,838 |
| Molina Healthcare Inc | 11,009 | 2,807,369 |
| Moncler Spa | 237,064 | 11,221,142 |
| Mondelez Intl Inc | 132,100 | 6,944,013 |
| Motorola Solutions Inc | 36,587 | 12,408,257 |
| Murata Manufacturing Co Ltd | 483,200 | 5,770,299 |
| Naver Corp | 53,179 | 5,344,118 |
| NetApp Inc | 113,962 | 7,754,625 |
| Netflix Inc | 46,277 | 33,425,203 |
| Nippon Telegraph & Telephone Corp | 4,677,600 | 3,506,647 |
| Novartis AG | 243,334 | 20,845,489 |
| Nu Holdings Ltd | 2,052,305 | 16,281,698 |
| NVIDIA Corp | 333,220 | 28,077,478 |
| NVR Inc | 251 | 1,413,015 |
| Packaging Corp of America | 47,355 | 7,259,448 |
| Paychex Inc | 113,177 | 13,517,230 |
| PDD Holdings Inc | 270,134 | 24,749,986 |
| PepsiCo Inc | 16,567 | 1,924,377 |
| Phillips 66 | 119,400 | 11,422,437 |
| Procter & Gamble Co | 48,738 | 6,434,964 |
| Progressive Corp | 24,800 | 5,439,572 |
| Prosus NV | 186,600 | 6,647,791 |
| Reckitt Benckiser Group Plc | 203,800 | 10,654,664 |
| Reddit Inc | 13,337 | 1,082,872 |
| RELX PLC | 236,724 | 9,168,321 |
| Republic Svcs Inc | 65,652 | 12,326,757 |
| Rivian Automotive Inc | 710,454 | 6,847,218 |
| Roblox Corp | 275,763 | 12,455,535 |
| Roche Holdings AG | 56,118 | 14,270,396 |
| Roper Technologies Inc | 20 | 9,134 |
| Royal Bank of Canada | 111,240 | 9,688,601 |
| Samsara Inc | 481,576 | 14,289,645 |
| Samsung Electronics Company Ltd | 283,100 | 7,030,471 |
| Sap SE | 25,662 | 5,248,724 |
| Schwab Charles Corp | 274,651 | 16,660,989 |
| Sea Ltd | 244,374 | 24,682,577 |
| Secom Co | 189,600 | 4,991,987 |
| Sempra | 55,823 | 3,084,915 |
| SGS SA | 37,983 | 2,924,248 |
| Shimano Inc | 28,900 | 3,139,762 |
| Shopify Inc | 309,656 | 22,882,035 |
| Singapore Telecommunications | 2,800,100 | 5,535,972 |
| Softbank Corp | 3,649,800 | 3,938,753 |
| Spotify Technology SA | 63,550 | 27,089,555 |
| Sun Life Finl Inc | 79,900 | 3,536,273 |
| Swisscom AG | 7,496 | 3,344,345 |
| Symbotic Inc | 237,431 | 3,717,591 |
| Sysco Corp | 299,600 | 17,422,409 |
| Taiwan Semiconductor Manufacturing Co Ltd | 718,000 | 15,245,893 |
| Te Connectivity Ltd | 100,950 | 11,055,031 |
| Tencent Holdings Limited | 449,400 | 22,240,828 |
| The Hartford Insurance Group Inc. | 73,699 | 7,066,425 |
| The Trade Desk Inc | 339,667 | 14,389,301 |
| Titan Company Ltd | 343,507 | 9,527,864 |
| TJX Cos Inc | 149,106 | 14,063,268 |
| T-Mobile Us Inc | 58,397 | 12,058,533 |
| Trane Technologies Plc | 27,950 | 7,293,959 |
| Unilever Plc | 84,114 | 3,877,655 |
| Union Pacific Corp | 4 | 732 |
| United Overseas Bank Ltd | 629,709 | 13,821,752 |
| Verisk Analytics Inc | 15,642 | 3,605,022 |
| Verizon Communications Inc | 126,266 | 4,437,285 |
| Visa Inc | 67,008 | 18,188,070 |
| W.W Grainger Inc | 6,100 | 4,662,937 |
| Walmart Inc | 50,400 | 3,429,504 |
| Warner Bros Discovery Inc | 380,900 | 3,163,469 |
| Waste Management Inc del | 52,020 | 9,327,529 |
| Workday Inc | 67,667 | 12,239,037 |
| WPP Plc | 1,260,800 | 7,325,248 |
| Zurich Insurance Group AG | 27,700 | 14,917,365 |
| Total of directly held equities | 74,709,142 | 1,823,494,509 |
