NSOIX Holdings List

As of May 31, 2025

No.	Symbol	Name	% Weight	Shares
1	T.4.25 05.31.25	United States Treasury Notes 4.25%	8.97%	11,000,000
2	FXFXX	First American Treasury Obligations Fund	8.63%	10,578,420
3	JPM	JPMorgan Chase & Co.	4.09%	19,000
4	B.0 09.16.25	United States Treasury Bills 0%	4.03%	5,000,000
5	BAC	Bank of America Corporation	3.89%	108,000
6	GOOGL	Alphabet Inc.	3.71%	26,500
7	AMZN	Amazon.com, Inc.	3.68%	22,000
8	AAPL	Apple Inc.	3.44%	21,000
9	BX	Blackstone Inc.	3.28%	29,000
10	PAYX	Paychex, Inc.	3.22%	25,000
11	AMD	Advanced Micro Devices, Inc.	3.21%	35,500
12	BOOT	Boot Barn Holdings, Inc.	3.14%	24,000
13	KKR	KKR & Co. Inc.	3.12%	31,500
14	KMI	Kinder Morgan, Inc.	2.86%	125,000
15	QCOM	QUALCOMM Incorporated	2.84%	24,000
16	ABBV	AbbVie Inc.	2.73%	18,000
17	ZTS	Zoetis Inc.	2.61%	19,000
18	B.0 07.10.25	United States Treasury Bills 0%	2.44%	3,000,000
19	B.0 08.12.25	United States Treasury Bills 0%	2.43%	3,000,000
20	SPHR	Sphere Entertainment Co.	2.31%	75,000
21	MSGE	Madison Square Garden Entertainment Corp.	2.24%	74,000
22	EPR	EPR Properties	2.23%	49,000
23	CSCO	Cisco Systems, Inc.	2.06%	40,000
24	ACU	Acme United Corporation	2.04%	62,800
25	XOM	Exxon Mobil Corporation	1.89%	22,700
26	O	Realty Income Corporation	1.52%	33,000
27	WEN.7 12.15.25	Wendy's International Inc. 7%	1.51%	1,850,000
28	CODI	Compass Diversified	1.23%	225,000
29	NVDA	NVIDIA Corporation	1.21%	11,000
30	CARR	Carrier Global Corporation	1.16%	20,000
31	OESX	Orion Energy Systems, Inc.	1.08%	1,980,000
32	LXP	LXP Industrial Trust	1.06%	151,000
33	TGT	Target Corporation	1.00%	13,000
34	CODI.V7.875 PERP B	Compass Diversified Holdings Pfd	0.96%	75,000
35	UPS	United Parcel Service, Inc.	0.92%	11,500
36	CSE: GTII	Green Thumb Industries Inc.	0.70%	164,371
37	BBCP.7.5 02.01.32 144A	Brundage-Bone Concrete Pumping Holdings Inc. 7.5%	0.65%	800,000
38	BZH.5.875 10.15.27	Beazer Homes USA Inc. 5.875%	0.65%	800,000
39	ENR.4.75 06.15.28 REGS	Energizer Holdings Inc 4.75%	0.63%	800,000
40	ACCO.4.25 03.15.29 144A	ACCO Brands Corporation 4.25%	0.61%	850,000
41	n/a	Cash	0.02%	n/a

As of May 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	65.51%
Cash	27.69%
Bond	5.33%
Not Classified	1.48%

Sector Breakdown

Sector	% Weight
Other	25.25%
Financials	16.47%
Health Care	16.36%
Information Technology	10.34%
Consumer Discretionary	9.17%
Industrials	7.28%
Communication Services	7.22%
Consumer Staples	4.75%
Materials	2.07%
Real Estate	1.09%

Country Breakdown

Sector	% Weight
United States	97.01%
Canada	1.92%
Other	0.93%
Germany	0.14%