| Hoegh Autoliners ASA | 5.35 | 29,986 |
| Cargotec Oyj | 5.27 | 6,532 |
| Scorpio Tankers Inc | 4.81 | 4,877 |
| TORM PLC | 4.72 | 9,995 |
| BW LPG Ltd | 4.66 | 23,651 |
| Hafnia Ltd | 4.60 | 46,805 |
| SITC International Holdings Co Ltd | 4.38 | 117,217 |
| MPC Container Ships ASA | 4.23 | 132,624 |
| Danaos Corp | 4.10 | 3,416 |
| Nippon Yusen KK | 4.00 | 7,967 |
| TEEKAY TANKERS LTD-CLASS A | 3.94 | 4,897 |
| International Seaways Inc | 3.83 | 5,373 |
| Mitsui OSK Lines Ltd | 3.74 | 7,897 |
| J&T Global Express Ltd | 3.30 | 264,470 |
| ZTO Express Cayman Inc | 3.08 | 9,002 |
| DSV A/S | 3.01 | 1,056 |
| Expeditors International of Washington Inc | 2.91 | 1,600 |
| Brambles Ltd | 2.91 | 16,008 |
| NIPPON EXPRESS HOLDINGS INC | 2.82 | 3,882 |
| United Parcel Service Inc | 2.82 | 1,499 |
| DHL Group | 2.78 | 4,511 |
| International Distribution Services PLC | 2.76 | 43,611 |
| FedEx Corp | 2.60 | 687 |
| COSCO SHIPPING Holdings Co Ltd | 2.42 | 104,218 |
| Global Ship Lease Inc | 2.08 | 5,638 |
| Kawasaki Kisen Kaisha Ltd | 2.05 | 9,636 |
| Ardmore Shipping Corp | 1.92 | 7,693 |
| Frontline PLC | 1.87 | 5,925 |
| Kuehne + Nagel International AG | 1.67 | 443 |
| First American Government Obligations Fund 12/01/2031 | 0.98 | 70,735 |
| Cash & Other | 0.40 | 28,656 |
