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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Company COM 88579Y101   220 1,000 SH   SOLE   1,000 0 0
Accenture PLC COM G1151C101   1,777 11,574 SH   SOLE   11,359 0 215
Align Technology inc. COM 016255101   411 1,638 SH   SOLE   1,638 0 0
Apple Inc. COM 037833100   274 1,635 SH   SOLE   1,635 0 0
Blackrock Inc. COM 09247X101   367 677 SH   SOLE   677 0 0
EOG Resources Inc. COM 26875P101   313 2,977 SH   SOLE   2,977 0 0
Freeport-McMoran Copper COM 35671D857   177 10,075 SH   SOLE   10,075 0 0
HCA Healthcare,Inc. COM 40412C101   267 2,755 SH   SOLE   2,755 0 0
Home Depot COM 437076102   270 1,514 SH   SOLE   1,514 0 0
Honeywell International Inc. COM 438516106   328 2,273 SH   SOLE   2,273 0 0
J.P. Morgan COM 46625H100   397 3,609 SH   SOLE   3,609 0 0
Lam Research Corporation COM 512807108   368 1,812 SH   SOLE   1,812 0 0
Mastercard Inc. - Class A COM 57636Q104   317 1,811 SH   SOLE   1,811 0 0
Paypal Holdings Inc COM 70450Y103   410 5,400 SH   SOLE   5,400 0 0
Stryker Corp COM 863667101   224 1,395 SH   SOLE   1,395 0 0
Visa Inc COM 92826C839   409 3,419 SH   SOLE   3,419 0 0
XPO Logistics Inc. COM 983793100   308 3,025 SH   SOLE   3,025 0 0
Banco Bradesco ADR 059460303   309 28,588 SH   SOLE   28,588 0 0
IShares Inc. MSCI Brazil ADR 464286400   359 8,005 SH   SOLE   8,005 0 0
Itau Unibanco Mult - ADR ADR 465562106   1,149 73,672 SH   SOLE   72,957 0 715
Localiza Rent A Car-SPN ADR ADR 53956W300   422 49,197 SH   SOLE   49,197 0 0
Vale SA-SP ADR ADR 91912E105   223 17,516 SH   SOLE   17,516 0 0
51JOB Inc. ADR 316827104   225 2,611 SH   SOLE   2,611 0 0
Alibaba ADR 01609W102   2,093 11,401 SH   SOLE   11,286 0 115
BYD CO LTD-Unsponsored ADR ADR 05606L100   269 16,840 SH   SOLE   16,840 0 0
Baidu Inc. - SPON ADR ADR 056752108   316 1,417 SH   SOLE   1,417 0 0
China Lodging Group ADR 16949N109   404 3,064 SH   SOLE   3,064 0 0
China Southern Air-Spons ADR ADR 169409109   300 5,705 SH   SOLE   5,705 0 0
Cnooc LTD ADR 126132109   345 2,336 SH   SOLE   2,336 0 0
JD.COM INC-ADR ADR 47215P106   356 8,800 SH   SOLE   8,800 0 0
Tencent Holdings LTD ADR 88032Q109   2,072 38,874 SH   SOLE   38,564 0 310
Weibo Corp - SPON ADR ADR 948596101   447 3,742 SH   SOLE   3,742 0 0
ZTO Express Cayman Inc-ADR ADR 98980A105   958 63,910 SH   SOLE   63,190 0 720
DSV A/S-Unsponsored ADR ADR 26251A108   805 20,272 SH   SOLE   19,907 0 365
LVMH Moet Hennessy ADR 502441306   1,625 26,357 SH   SOLE   25,872 0 485
Fresenius Medical Care ADR 358029106   820 16,060 SH   SOLE   15,770 0 290
Infineon Technologies - ADR ADR 45662N103   994 36,835 SH   SOLE   36,130 0 705
SAP AG ADR 803054204   868 8,257 SH   SOLE   8,097 0 160
AIA Group LTD-SP ADR ADR 001317205   1,740 50,592 SH   SOLE   49,687 0 905
Melco Resorts & Entertainment ADR 585464100   745 25,695 SH   SOLE   25,695 0 0
WH Group LTD-SPON ADR ADR 92890T205   323 15,107 SH   SOLE   15,107 0 0
Icon PLC ADR G4705A100   2,553 21,613 SH   SOLE   21,283 0 330
Jazz Pharmaceuticals PLC ADR G50871105   1,021 6,763 SH   SOLE   6,618 0 145
Fanuc CORP-UNSP ADR ADR 307305102   1,774 69,744 SH   SOLE   68,489 0 1,255
IShares Inc. MSCI Japan ADR 46434G822   2,028 33,416 SH   SOLE   32,931 0 485
Komatsu Ltd. ADR 500458401   1,549 46,025 SH   SOLE   45,195 0 830
Mitsubishi UFJ Financial ADR 606822104   1,774 267,140 SH   SOLE   263,180 0 3,960
Nintendo LTD ADR ADR 654445303   1,576 28,389 SH   SOLE   27,879 0 510
Orix Corporation ADR 686330101   1,515 16,865 SH   SOLE   16,545 0 320
Softbank Corp. ADR 83404D109   1,457 38,975 SH   SOLE   38,275 0 700
Sony Corp. ADR 835699307   1,780 36,831 SH   SOLE   36,216 0 615
Sumitomo Mitsui Financial Grou ADR 86562M209   1,846 217,229 SH   SOLE   213,994 0 3,235
Walmart de Mexico ADR ADR 93114W107   298 11,630 SH   SOLE   11,630 0 0
ING Groep N.V. ADR 456837103   2,283 134,843 SH   SOLE   132,803 0 2,040
Royal Dutch Shell PLC - A Shar ADR 780259206   2,023 31,705 SH   SOLE   31,255 0 450
Broadcom LTD ADR 11135F101   1,085 4,606 SH   SOLE   4,549 0 57
DBS Group Holdings ADR 23304Y100   2,017 23,720 SH   SOLE   23,295 0 425
United Overseas Bank LTD ADR 911271302   1,876 44,688 SH   SOLE   44,003 0 685
KB Financial Group Inc. ADR ADR 48241A105   1,167 20,142 SH   SOLE   19,922 0 220
Woori Bank - SPON ADR ADR 98105T104   261 6,315 SH   SOLE   6,315 0 0
Banco Santander ADR ADR 05964H105   1,371 209,335 SH   SOLE   205,307 0 4,028
Chubb Corp ADR H1467J104   1,460 10,678 SH   SOLE   10,488 0 190
Credit Suisse Group ADR 225401108   2,426 144,517 SH   SOLE   142,802 0 1,715
Nestle SA ADR 641069406   209 2,640 SH   SOLE   2,640 0 0
TE Connectivity ADR H84989104   239 2,390 SH   SOLE   2,390 0 0
APTIV PLC ADR G6095L109   1,720 20,245 SH   SOLE   19,905 0 340
BP PLC-Spon ADR ADR 055622104   1,587 39,135 SH   SOLE   38,435 0 700
Diageo PLC ADR 25243Q205   1,589 11,734 SH   SOLE   11,529 0 205
Rio Tinto LTD ADR 767204100   2,053 39,849 SH   SOLE   39,129 0 720
Smith & Nephew PLC-SPON ADR ADR 83175M205   672 17,613 SH   SOLE   17,278 0 335
Unilever NV ADR 904767704   1,528 27,510 SH   SOLE   27,025 0 485
Grupo Fiananciero Galicia-ADR ADR 399909100   218 3,310 SH   SOLE   3,310 0 0
Grupo Supervielle SA-SP ADR ADR 40054A108   325 10,725 SH   SOLE   10,725 0 0
Mercadolibre ADR 58733R102   331 930 SH   SOLE   930 0 0
Naspers LTD-N SHS SPON ADR ADR 631512209   1,634 32,564 SH   SOLE   32,170 0 394