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 2,809,274 29,534 SH SOLE 29,534 0 0
AIA GROUP LTD COM 001317205 3,110,625 82,908 SH SOLE 82,908 0 0
ASE Technology Holding Co., Lt COM 00215W100 608,302 13,682 SH SOLE 13,682 0 0
ASML HOLDING NV COM N07059210 18,120,323 10,002 SH SOLE 10,002 0 0
Aegon NV ADR COM 0076CA104 123,366 14,295 SH SOLE 14,295 0 0
Aercap Holdings N.V. COM N00985106 11,213,074 78,129 SH SOLE 78,129 0 0
Alibaba Group Holding Ltd. Spo COM 01609W102 3,149,416 29,286 SH SOLE 29,286 0 0
Ambev SA Sponsored ADR COM 02319V103 43,891 15,031 SH SOLE 15,031 0 0
America Movil SAB de CV Sponso COM 02390A101 3,023,707 142,695 SH SOLE 142,695 0 0
Anglogold Ashanti PLC COM G0378L100 3,771,623 40,145 SH SOLE 40,145 0 0
Arm Holdings Plc COM 042068205 1,065,659 3,679 SH SOLE 3,679 0 0
Ascendis Pharma A/S COM K08588103 4,023,022 17,658 SH SOLE 17,658 0 0
AstraZeneca PLC COM G0593M107 3,736,416 23,140 SH SOLE 23,140 0 0
BAE Systems plc Sponsored ADR COM 05523R107 3,130,808 30,099 SH SOLE 30,099 0 0
BNP PARIBAS COM 05565A202 1,085,804 20,125 SH SOLE 20,125 0 0
Banco Santander-Chile COM 05965X109 1,702,061 51,021 SH SOLE 51,021 0 0
Barclays Plc COM 06738E204 1,487,071 61,272 SH SOLE 61,272 0 0
Barrick Gold Corp. COM 06849F108 1,896,645 46,635 SH SOLE 46,635 0 0
Bunzl plc Sponsored ADR COM 120738406 225,099 12,974 SH SOLE 12,974 0 0
CGI Inc. Class A COM 12532H104 758,807 11,154 SH SOLE 11,154 0 0
CHECK POINT SOFTWARE TECH COM M22465104 1,116,645 8,700 SH SOLE 8,700 0 0
CHUBB LIMITED COM H1467J104 722,380 2,221 SH SOLE 2,221 0 0
Cae Inc. COM 124765108 4,373,422 182,150 SH SOLE 182,150 0 0
Cameco Corp. COM 13321L108 3,153,228 36,382 SH SOLE 36,382 0 0
Commerzbank AG Sponsored ADR COM 202597605 6,031,207 131,726 SH SOLE 131,726 0 0
Commonwealth Bank of Australia COM 202712600 4,842,018 46,089 SH SOLE 46,089 0 0
Credicorp Ltd. COM G2519Y108 1,090,607 2,871 SH SOLE 2,871 0 0
DASSAULT SYSTEMS ADR COM 237545108 261,483 11,235 SH SOLE 11,235 0 0
Deutsche Bank Ag COM D18190898 5,873,686 163,658 SH SOLE 163,658 0 0
Elbit Systems Ltd. COM M3760D101 3,651,482 5,354 SH SOLE 5,354 0 0
Fabrinet COM G3323L100 591,008 1,393 SH SOLE 1,393 0 0
Ferrari NV COM N3167Y103 6,902,767 17,571 SH SOLE 17,571 0 0
HDFC Bank Limited Sponsored AD COM 40415F101 667,542 29,881 SH SOLE 29,881 0 0
HSBC Holdings PLC Sponsored AD COM 404280406 1,661,655 16,732 SH SOLE 16,732 0 0
IBERDROLA SA SPONSORED ADR COM 450737101 601,631 6,425 SH SOLE 6,425 0 0
ICICI Bank Limited Sponsored A COM 45104G104 3,822,838 138,760 SH SOLE 138,760 0 0
INFINEON TECHNOLOGIES COM 45662N103 1,017,394 15,054 SH SOLE 15,054 0 0
INTERCONTINENTAL HOTELS GROUP COM 45857P806 10,556,359 65,649 SH SOLE 65,649 0 0
Icon Plc COM G4705A100 318,901 1,876 SH SOLE 1,876 0 0
Imperial Oil Ltd. COM 453038408 354,507 2,881 SH SOLE 2,881 0 0
Julius Baer Gruppe AG Unsponso COM 48137C108 1,335,454 75,055 SH SOLE 75,055 0 0
KB Financial Group Inc. Sponso COM 48241A105 5,329,861 43,297 SH SOLE 43,297 0 0
LONZA GROUP AG UNSPON ADR COM 54338V101 512,059 7,433 SH SOLE 7,433 0 0
Lloyds Banking Group plc Spons COM 539439109 6,514,293 1,157,068 SH SOLE 1,157,068 0 0
Logitech International S.A. COM H50430232 3,595,042 35,598 SH SOLE 35,598 0 0
METTLER-TOLEDO INTL W/1 RT/SH COM 592688105 525,811 348 SH SOLE 348 0 0
MercadoLibre, Inc. COM 58733R102 461,518 267 SH SOLE 267 0 0
Mitsubishi UFJ Financial Group COM 606822104 7,783,126 337,370 SH SOLE 337,370 0 0
NATIONAL AUSTRALIA BANK ADR COM 632525408 278,189 20,428 SH SOLE 20,428 0 0
NIPPON TEL & TEL CORP ADR COM 654624105 368,918 13,513 SH SOLE 13,513 0 0
NOVARTIS AG ADR COM 66987V109 5,763,677 40,427 SH SOLE 40,427 0 0
National Grid Transco COM 636274409 2,388,861 31,507 SH SOLE 31,507 0 0
Nebius Group N.V. Class A COM N97284108 20,903,921 88,621 SH SOLE 88,621 0 0
Nestle S.A. Sponsored ADR COM 641069406 2,768,336 30,495 SH SOLE 30,495 0 0
Nokia Oyj Sponsored ADR COM 654902204 10,746,767 1,059,839 SH SOLE 1,059,839 0 0
Novo Nordisk A/S COM 670100205 2,152,568 56,781 SH SOLE 56,781 0 0
ORIX Corporation Sponsored ADR COM 686330101 3,324,061 88,148 SH SOLE 88,148 0 0
Open Text Corp. COM 683715106 2,472,657 110,288 SH SOLE 110,288 0 0
PT Bank Mandiri (Persero) Tbk COM 69367U105 1,346,811 150,096 SH SOLE 150,096 0 0
RELX PLC Sponsored ADR COM 759530108 1,436,229 43,286 SH SOLE 43,286 0 0
RIO TINTO PLC SPONSORED ADR COM 767204100 923,149 9,803 SH SOLE 9,803 0 0
Rolls Royce Holdings ADR COM 775781206 12,869,879 662,815 SH SOLE 662,815 0 0
SAP SE Sponsored ADR COM 803054204 9,154,982 43,913 SH SOLE 43,913 0 0
SHIN-ETSU CHEM UNSPON ADR COM 824551105 568,248 30,039 SH SOLE 30,039 0 0
SK Telecom Co., Ltd. Sponsored COM 78440P306 2,037,941 58,377 SH SOLE 58,377 0 0
Sandoz Group Ltd Sponsored ADR COM 799926100 5,496,604 64,767 SH SOLE 64,767 0 0
Shell PLC Sponsored ADR COM 780259305 826,080 8,691 SH SOLE 8,691 0 0
Shopify, Inc. Class A COM 82509L107 14,466,665 97,550 SH SOLE 97,550 0 0
Siemens Aktiengesellschaft Spo COM 826197501 3,299,814 21,248 SH SOLE 21,248 0 0
Sify Technologies Limited Spon COM 82655M206 151,229 11,345 SH SOLE 11,345 0 0
Silicon Motion Technology Corp COM 82706C108 1,105,160 3,947 SH SOLE 3,947 0 0
Smith & Nephew Plc COM 83175M205 4,041,385 149,903 SH SOLE 149,903 0 0
Sociedad Quimica Y Minera De C COM 833635105 1,056,992 16,294 SH SOLE 16,294 0 0
SoftBank Group Corp. Unsponsor COM 83404D109 7,869,360 393,468 SH SOLE 393,468 0 0
Sony Financial Group Inc. Unsp COM 83571B100 428,234 86,512 SH SOLE 86,512 0 0
Sony Group Corporation Sponsor COM 835699307 7,220,981 306,884 SH SOLE 306,884 0 0
Southern Copper Corporation COM 84265V105 273,767 1,351 SH SOLE 1,351 0 0
Stmicroelectronics N.V. COM 861012102 6,320,332 118,447 SH SOLE 118,447 0 0
Sumitomo Corporation COM 865613103 1,010,835 89,972 SH SOLE 89,972 0 0
TDK Corporation Sponsored ADR COM 872351408 207,770 10,952 SH SOLE 10,952 0 0
Taiwan Semiconductor Manufactu COM 874039100 22,602,390 49,546 SH SOLE 49,546 0 0
Teck Resources Ltd. COM 878742204 1,579,157 24,003 SH SOLE 24,003 0 0
Telefonaktiebolaget LM Ericsso COM 294821608 2,040,340 222,988 SH SOLE 222,988 0 0
Tencent Holdings Ltd. Unsponso COM 88032Q109 4,730,203 86,118 SH SOLE 86,118 0 0
TotalEnergies SE COM F92124100 610,727 7,143 SH SOLE 7,143 0 0
Toyota Motor Corp. COM 892331307 1,233,728 6,738 SH SOLE 6,738 0 0
UBS Group AG COM H42097107 13,107,147 272,328 SH SOLE 272,328 0 0
United Microelectronics Corp S COM 910873405 375,138 15,318 SH SOLE 15,318 0 0
Veolia Environnement COM 92334N103 258,585 14,778 SH SOLE 14,778 0 0
Yum China Holdings, Inc. COM 98850P109 1,405,826 34,205 SH SOLE 34,205 0 0