| Ecolab Inc | 7.43 | 15,229 |
| Veolia Environnement SA | 6.74 | 115,942 |
| Geberit AG | 6.70 | 5,197 |
| Xylem Inc/NY | 4.27 | 17,133 |
| Pentair PLC | 4.15 | 21,936 |
| Veralto Corp | 4.14 | 22,159 |
| Ferguson Enterprises Inc | 4.13 | 10,129 |
| Belimo Holding AG | 4.09 | 2,114 |
| American Water Works Co Inc | 3.91 | 15,477 |
| Stantec Inc | 3.88 | 20,282 |
| UNITED UTILITIES GROUP PLC | 3.77 | 137,624 |
| Core & Main Inc | 3.61 | 31,660 |
| Severn Trent PLC | 3.49 | 56,770 |
| Essential Utilities Inc | 3.00 | 43,111 |
| Advanced Drainage Systems Inc | 2.99 | 11,801 |
| Tetra Tech Inc | 2.82 | 44,045 |
| Bentley Systems Inc | 2.53 | 25,855 |
| Georg Fischer AG | 2.48 | 17,624 |
| A O Smith Corp | 2.44 | 19,430 |
| Watts Water Technologies Inc | 2.24 | 4,584 |
| Fortune Brands Innovations Inc | 2.07 | 20,102 |
| Zurn Elkay Water Solutions Corp | 1.89 | 23,624 |
| Primo Brands Corp | 1.88 | 42,427 |
| Badger Meter Inc | 1.59 | 4,923 |
| Lixil Corp | 1.42 | 61,700 |
| Kurita Water Industries Ltd | 1.39 | 23,000 |
| Mueller Water Products Inc | 1.22 | 26,189 |
| Pennon Group PLC | 1.14 | 101,418 |
| Franklin Electric Co Inc | 1.13 | 6,566 |
| Rinnai Corp | 1.07 | 24,400 |
| Guangdong Investment Ltd | 1.00 | 604,000 |
| California Water Service Group | 0.82 | 9,975 |
| Organo Corp | 0.74 | 5,500 |
| Hayward Holdings Inc | 0.68 | 23,904 |
| Lindsay Corp | 0.44 | 1,820 |
| Genuit Group PLC | 0.43 | 53,639 |
| Cash & Other | 0.34 | 191,315 |
| First American Government Obligations Fund 12/01/2031 | 0.32 | 180,290 |
| Kitz Corp | 0.31 | 17,300 |
| Montrose Environmental Group Inc | 0.29 | 5,329 |
| Select Water Solutions Inc | 0.24 | 15,847 |
| Energy Recovery Inc | 0.23 | 9,126 |
| Aris Water Solutions Inc | 0.20 | 4,755 |
| METAWATER Co Ltd | 0.19 | 5,200 |
| Oyo Corp | 0.14 | 4,100 |
