The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABB Ltd. Sponsored ADR COM 000375204 3,206,595 29,534 SH SOLE 29,534 0 0
ADIDAS AG ADR COM 00687A107 476,774 4,649 SH SOLE 4,649 0 0
AIA GROUP LTD COM 001317205 3,019,906 82,862 SH SOLE 82,862 0 0
ASE Technology Holding Co., Lt COM 00215W100 826,598 18,320 SH SOLE 18,320 0 0
ASML HOLDING NV COM N07059210 19,924,242 10,015 SH SOLE 10,015 0 0
Aegon NV ADR COM 0076CA104 121,460 14,391 SH SOLE 14,391 0 0
Aercap Holdings N.V. COM N00985106 11,396,206 78,174 SH SOLE 78,174 0 0
Alibaba Group Holding Ltd. Spo COM 01609W102 2,806,455 29,240 SH SOLE 29,240 0 0
Ambev SA Sponsored ADR COM 02319V103 46,114 14,686 SH SOLE 14,686 0 0
America Movil SAB de CV Sponso COM 02390A101 3,705,264 142,565 SH SOLE 142,565 0 0
Anglogold Ashanti PLC COM G0378L100 3,243,123 40,093 SH SOLE 40,093 0 0
Arm Holdings Plc COM 042068205 1,403,388 3,958 SH SOLE 3,958 0 0
Ascendis Pharma A/S COM K08588103 4,530,773 16,987 SH SOLE 16,987 0 0
AstraZeneca PLC COM G0593M107 6,949,952 36,652 SH SOLE 36,652 0 0
BAE Systems plc Sponsored ADR COM 05523R107 2,545,054 25,997 SH SOLE 25,997 0 0
BNP PARIBAS COM 05565A202 1,175,059 20,125 SH SOLE 20,125 0 0
Banco Santander-Chile COM 05965X109 1,679,430 51,000 SH SOLE 51,000 0 0
Barclays Plc COM 06738E204 1,647,351 61,331 SH SOLE 61,331 0 0
Barrick Gold Corp. COM 06849F108 1,501,155 40,870 SH SOLE 40,870 0 0
Bunzl plc Sponsored ADR COM 120738406 226,435 12,974 SH SOLE 12,974 0 0
CGI Inc. Class A COM 12532H104 720,214 11,154 SH SOLE 11,154 0 0
CHECK POINT SOFTWARE TECH COM M22465104 1,143,310 8,699 SH SOLE 8,699 0 0
CHUBB LIMITED COM H1467J104 756,784 2,221 SH SOLE 2,221 0 0
Cae Inc. COM 124765108 4,565,506 182,183 SH SOLE 182,183 0 0
Cameco Corp. COM 13321L108 3,707,500 36,398 SH SOLE 36,398 0 0
Commerzbank AG Sponsored ADR COM 202597605 5,608,194 131,756 SH SOLE 131,756 0 0
Commonwealth Bank of Australia COM 202712600 5,256,404 46,089 SH SOLE 46,089 0 0
Credicorp Ltd. COM G2519Y108 977,067 2,508 SH SOLE 2,508 0 0
DASSAULT SYSTEMS ADR COM 237545108 228,835 11,235 SH SOLE 11,235 0 0
Deutsche Bank Ag COM D18190898 5,526,343 163,695 SH SOLE 163,695 0 0
Elbit Systems Ltd. COM M3760D101 4,062,946 5,355 SH SOLE 5,355 0 0
Fabrinet COM G3323L100 989,823 1,761 SH SOLE 1,761 0 0
Ferrari NV COM N3167Y103 6,542,624 17,574 SH SOLE 17,574 0 0
HDFC Bank Limited Sponsored AD COM 40415F101 771,826 29,881 SH SOLE 29,881 0 0
HSBC Holdings PLC Sponsored AD COM 404280406 1,524,007 16,027 SH SOLE 16,027 0 0
IBERDROLA SA SPONSORED ADR COM 450737101 641,723 6,425 SH SOLE 6,425 0 0
ICICI Bank Limited Sponsored A COM 45104G104 4,025,126 138,654 SH SOLE 138,654 0 0
INFINEON TECHNOLOGIES COM 45662N103 1,478,842 15,838 SH SOLE 15,838 0 0
INTERCONTINENTAL HOTELS GROUP COM 45857P806 11,367,232 65,661 SH SOLE 65,661 0 0
Icon Plc COM G4705A100 325,880 1,876 SH SOLE 1,876 0 0
Imperial Oil Ltd. COM 453038408 324,858 2,900 SH SOLE 2,900 0 0
Julius Baer Gruppe AG Unsponso COM 48137C108 1,300,234 75,132 SH SOLE 75,132 0 0
KB Financial Group Inc. Sponso COM 48241A105 4,541,409 43,268 SH SOLE 43,268 0 0
LONZA GROUP AG UNSPON ADR COM 54338V101 503,413 7,440 SH SOLE 7,440 0 0
Lloyds Banking Group plc Spons COM 539439109 6,747,415 1,157,361 SH SOLE 1,157,361 0 0
Logitech International S.A. COM H50430232 3,348,388 35,606 SH SOLE 35,606 0 0
METTLER-TOLEDO INTL W/1 RT/SH COM 592688105 444,574 348 SH SOLE 348 0 0
MercadoLibre, Inc. COM 58733R102 451,506 266 SH SOLE 266 0 0
Mitsubishi UFJ Financial Group COM 606822104 5,901,602 296,712 SH SOLE 296,712 0 0
NATIONAL AUSTRALIA BANK ADR COM 632525408 267,913 20,428 SH SOLE 20,428 0 0
NIPPON TEL & TEL CORP ADR COM 654624105 301,394 13,513 SH SOLE 13,513 0 0
NOVARTIS AG ADR COM 66987V109 6,335,719 40,427 SH SOLE 40,427 0 0
National Grid Transco COM 636274409 2,547,838 30,745 SH SOLE 30,745 0 0
Nebius Group N.V. Class A COM N97284108 21,394,338 77,468 SH SOLE 77,468 0 0
Nestle S.A. Sponsored ADR COM 641069406 3,131,532 30,495 SH SOLE 30,495 0 0
Nokia Oyj Sponsored ADR COM 654902204 14,077,690 1,060,067 SH SOLE 1,060,067 0 0
Novo Nordisk A/S COM 670100205 2,722,081 56,781 SH SOLE 56,781 0 0
ORIX Corporation Sponsored ADR COM 686330101 3,353,949 88,169 SH SOLE 88,169 0 0
Open Text Corp. COM 683715106 2,442,879 110,288 SH SOLE 110,288 0 0
PT Bank Mandiri (Persero) Tbk COM 69367U105 1,292,777 150,096 SH SOLE 150,096 0 0
RELX PLC Sponsored ADR COM 759530108 1,370,868 43,286 SH SOLE 43,286 0 0
RIO TINTO PLC SPONSORED ADR COM 767204100 765,326 8,062 SH SOLE 8,062 0 0
Rolls Royce Holdings ADR COM 775781206 10,839,436 565,349 SH SOLE 565,349 0 0
SAP SE Sponsored ADR COM 803054204 6,710,874 43,546 SH SOLE 43,546 0 0
SHIN-ETSU CHEM UNSPON ADR COM 824551105 647,641 30,039 SH SOLE 30,039 0 0
SK Telecom Co., Ltd. Sponsored COM 78440P306 1,871,841 58,204 SH SOLE 58,204 0 0
Sandoz Group Ltd Sponsored ADR COM 799926100 5,870,959 64,767 SH SOLE 64,767 0 0
Shell PLC Sponsored ADR COM 780259305 673,823 8,690 SH SOLE 8,690 0 0
Shopify, Inc. Class A COM 82509L107 9,656,431 84,572 SH SOLE 84,572 0 0
Siemens Aktiengesellschaft Spo COM 826197501 3,419,016 21,248 SH SOLE 21,248 0 0
Sify Technologies Limited Spon COM 82655M206 189,719 11,422 SH SOLE 11,422 0 0
Silicon Motion Technology Corp COM 82706C108 1,480,652 4,442 SH SOLE 4,442 0 0
Smith & Nephew Plc COM 83175M205 4,318,705 149,903 SH SOLE 149,903 0 0
Sociedad Quimica Y Minera De C COM 833635105 1,206,408 16,294 SH SOLE 16,294 0 0
SoftBank Group Corp. Unsponsor COM 83404D109 6,320,603 335,845 SH SOLE 335,845 0 0
Sony Financial Group Inc. Unsp COM 83571B100 375,462 86,512 SH SOLE 86,512 0 0
Sony Group Corporation Sponsor COM 835699307 6,156,976 306,928 SH SOLE 306,928 0 0
Southern Copper Corporation COM 84265V105 227,061 1,303 SH SOLE 1,303 0 0
Stmicroelectronics N.V. COM 861012102 8,870,496 118,447 SH SOLE 118,447 0 0
Sumitomo Corporation COM 865613103 861,257 22,493 SH SOLE 22,493 0 0
TDK Corporation Sponsored ADR COM 872351408 242,043 11,019 SH SOLE 11,019 0 0
Taiwan Semiconductor Manufactu COM 874039100 23,709,440 49,646 SH SOLE 49,646 0 0
Teck Resources Ltd. COM 878742204 1,427,218 24,003 SH SOLE 24,003 0 0
Telefonaktiebolaget LM Ericsso COM 294821608 2,486,918 223,042 SH SOLE 223,042 0 0
Tencent Holdings Ltd. Unsponso COM 88032Q109 4,715,430 86,037 SH SOLE 86,037 0 0
TotalEnergies SE COM F92124100 555,440 7,143 SH SOLE 7,143 0 0
Toyota Motor Corp. COM 892331307 1,134,814 6,738 SH SOLE 6,738 0 0
UBS Group AG COM H42097107 13,498,409 272,365 SH SOLE 272,365 0 0
United Microelectronics Corp S COM 910873405 416,422 15,304 SH SOLE 15,304 0 0
Veolia Environnement COM 92334N103 309,778 14,871 SH SOLE 14,871 0 0
Yum China Holdings, Inc. COM 98850P109 1,397,059 34,183 SH SOLE 34,183 0 0