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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARCH CAPITAL GROUP DL-,01 ORD G0450A105   691,333 11,012 SH   SOLE   11,012 0 0
BUNGE LTD. DL -,01 COM G16962105   1,603,005 16,067 SH   SOLE   16,067 0 0
AGNICO EAGLE MINES LTD. COM 008474108   1,247,850 24,030 SH   SOLE   24,030 0 0
BK MONTREAL CD 2 COM 063671101   4,138,425 45,714 SH   SOLE   45,714 0 0
BK NOVA SCOTIA COM 064149107   495,641 10,123 SH   SOLE   10,123 0 0
BARRICK GOLD CORP. COM 067901108   1,316,819 76,872 SH   SOLE   76,872 0 0
BROOKFIELD CORP. CL.A CL A LTD VT SH 11271J107   2,998,099 95,402 SH   SOLE   95,402 0 0
BROOKFIELD RENEW.CL.A SV CL A SUB VTG 11284V105   1,175,509 42,735 SH   SOLE   42,735 0 0
BRKFLD AS.M.LTD CL.A CL A LMT VTG SHS ADDED 113004105   682,444 23,850 SH   SOLE   23,850 0 0
CANADA GOOSE HLDGS INC. SHS SUB VTG 135086106   778,152 43,785 SH   SOLE   43,785 0 0
CANADIAN NATL RAILWAY CO. COM 136375102   3,661,048 30,841 SH   SOLE   30,841 0 0
CDN PACIFIC RAILWAY COM 13645T100   3,999,836 53,685 SH   SOLE   53,685 0 0
COLLIERS INTL GRP INC. SV SUB VTG SHS 194693107   831,231 9,055 SH   SOLE   9,055 0 0
DESCARTES SYS GRP INC. COM 249906108   1,162,693 16,690 SH   SOLE   16,690 0 0
ENBRIDGE INC. O.N. COM 29250N105   3,387,404 86,729 SH   SOLE   86,729 0 0
FRANCO-NEVADA CORP. COM 351858105   1,341,232 9,846 SH   SOLE   9,846 0 0
GILDAN ACTIVEWEAR SV COM 375916103   664,902 24,296 SH   SOLE   24,296 0 0
LIGHTSPEED COMMERCE INC. SUB VTG SHS 53229C107   199,565 13,974 SH   SOLE   13,974 0 0
MAGNA INTL INC. COM 559222401   2,090,269 37,236 SH   SOLE   37,236 0 0
NUTRIEN LTD COM 67077M108   2,959,815 40,570 SH   SOLE   40,570 0 0
NUVEI CORP. SUBVTGSHS SUB VTG SHS 67079A102   649,379 25,570 SH   SOLE   25,570 0 0
RESTAURANT BRANDS INTL COM 76131D103   2,448,078 37,878 SH   SOLE   37,878 0 0
ROYAL BK CDA COM 780087102   6,288,095 66,928 SH   SOLE   66,928 0 0
SHOPIFY A SUB.VTG CL A 82509L107   1,109,215 31,970 SH   SOLE   31,970 0 0
SUN LIFE FINANCIAL INC. COM 866796105   1,989,965 42,900 SH   SOLE   42,900 0 0
TELUS CORP. COM 87971M103   2,162,247 112,120 SH   SOLE   112,120 0 0
TELUS INTL SB VT.WH.ISS. SUB VTG SHS 87975H100   517,267 26,220 SH   SOLE   26,220 0 0
THOMSON REUTERS CORP. COM NEW 884903709   1,660,729 14,568 SH   SOLE   14,568 0 0
TORONTO-DOMINION BK COM NEW 891160509   6,670,571 103,093 SH   SOLE   103,093 0 0
WASTE CONNECTIONS COM 94106B101   2,710,750 20,464 SH   SOLE   20,464 0 0
WHEATON PREC. METALS COM 962879102   9,644,006 246,776 SH   SOLE   246,776 0 0
LOGITECH INTL NA SF -,25 SHS H50430232   7,738,016 125,472 SH   SOLE   125,472 0 0
DEUTSCHE BANK AG NA O.N. NAMEN AKT D18190898   13,361,984 1,182,472 SH   SOLE   1,182,472 0 0
COCA-COLA EU.PA. EO -,01 SHS G25839104   11,701,214 213,098 SH   SOLE   213,098 0 0
ACCENTURE A DL-,0000225 SHS CLASS A G1151C101   9,565,413 35,847 SH   SOLE   35,847 0 0
ALLEGION PLC DL 1 ORD SHS G0176J109   1,339,118 12,722 SH   SOLE   12,722 0 0
NXP SEMICONDUCTORS EO-,20 COM N6596X109   41,529,652 262,796 SH   SOLE   262,796 0 0
CNH INDUSTRIAL EO -,01 SHS N20944109   12,586,674 788,076 SH   SOLE   788,076 0 0
ABBVIE INC. DL-,01 COM 00287Y109   8,146,760 50,410 SH   SOLE   50,410 0 0
ACTIVISION BLIZZARD INC. COM 00507V109   1,008,393 13,173 SH   SOLE   13,173 0 0
ADOBE INC. COM 00724F101   10,020,181 29,775 SH   SOLE   29,775 0 0
AGILENT TECHS INC. DL-,01 COM 00846U101   124,808 834 SH   SOLE   834 0 0
ALLSTATE CORP. DL-,01 COM 020002101   3,740,797 27,587 SH   SOLE   27,587 0 0
ALPHABET INC.CL C DL-,001 CAP STK CL C 02079K107   19,959,459 224,946 SH   SOLE   224,946 0 0
ALPHABET INC.CL.A DL-,001 CAP STK CL A 02079K305   20,908,040 236,972 SH   SOLE   236,972 0 0
AMAZON.COM INC. DL-,01 COM 023135106   16,535,064 196,846 SH   SOLE   196,846 0 0
AMER. EXPRESS DL -,20 COM 025816109   1,090,247 7,379 SH   SOLE   7,379 0 0
AMER.INTL GRP NEW DL 2,50 COM NEW 026874784   971,366 15,360 SH   SOLE   15,360 0 0
AMERICAN TOWER DL -,01 COM 03027X100   1,050,826 4,960 SH   SOLE   4,960 0 0
AMERISOURCEBERGEN DL-,01 COM 03073E105   2,889,982 17,440 SH   SOLE   17,440 0 0
AMERIPRISE FINL DL-,01 COM 03076C106   2,342,125 7,522 SH   SOLE   7,522 0 0
AMGEN INC. DL-,0001 COM 031162100   6,131,068 23,344 SH   SOLE   23,344 0 0
ELEVANCE HEALTH DL-,01 COM 036752103   4,262,268 8,309 SH   SOLE   8,309 0 0
APPLE INC. COM 037833100   31,660,693 243,675 SH   SOLE   243,675 0 0
APPLIED MATERIALS INC. COM 038222105   641,637 6,589 SH   SOLE   6,589 0 0
ARES MNGMT CORP.CL.A CL A COM STK 03990B101   48,402,821 707,230 SH   SOLE   707,230 0 0
ASSURANT INC. DL-,01 COM 04621X108   1,403,423 11,222 SH   SOLE   11,222 0 0
AUTODESK INC. COM 052769106   1,404,889 7,518 SH   SOLE   7,518 0 0
AUTOM. DATA PROC. DL -,10 COM 053015103   5,820,302 24,367 SH   SOLE   24,367 0 0
BECTON, DICKINSON DL 1 COM 075887109   76,290 300 SH   SOLE   300 0 0
BEST BUY CO. DL-,10 COM 086516101   5,061,411 63,102 SH   SOLE   63,102 0 0
BIOGEN INC. DL -,0005 COM 09062X103   110,768 400 SH   SOLE   400 0 0
BLACKROCK CL. A DL -,01 COM 09247X101   186,370 263 SH   SOLE   263 0 0
BOSTON PROPERTIES DL-,01 COM 101121101   60,822 900 SH   SOLE   900 0 0
BRISTOL-MYERS SQUIBBDL-10 COM 110122108   2,103,818 29,240 SH   SOLE   29,240 0 0
BROADCOM INC. DL-,001 COM 11135F101   12,449,029 22,265 SH   SOLE   22,265 0 0
BURLINGTON STORES DL-0001 COM 122017106   686,343 3,385 SH   SOLE   3,385 0 0
C.H. ROB. WORLDWIDE NEW COM NEW 12541W209   3,155,341 34,462 SH   SOLE   34,462 0 0
CIGNA CORP. NEW DL 1 COM 125523100   8,267,927 24,953 SH   SOLE   24,953 0 0
CME GROUP INC. DL-,01 COM 12572Q105   50,448 300 SH   SOLE   300 0 0
CSX CORP. DL 1 COM 126408103   719,696 23,231 SH   SOLE   23,231 0 0
COTERRA ENERGY INC.DL-,10 COM 127097103   42,461,677 1,728,192 SH   SOLE   1,728,192 0 0
CADENCE DESIGN SYS DL-,01 COM 127387108   728,020 4,532 SH   SOLE   4,532 0 0
CARLYLE GROUP INC. COM 14316J108   354,798 11,890 SH   SOLE   11,890 0 0
CATALENT INC. DL-,01 COM 148806102   4,511,982 100,244 SH   SOLE   100,244 0 0
CATERPILLAR INC. DL 1 COM 149123101   2,332,835 9,738 SH   SOLE   9,738 0 0
CHENIERE ENERGY DL-,003 COM NEW 16411R208   2,390,362 15,940 SH   SOLE   15,940 0 0
CISCO SYSTEMS DL-,001 COM 17275R102   46,842,125 983,252 SH   SOLE   983,252 0 0
CLOROX CO. DL 1 COM 189054109   1,892,210 13,484 SH   SOLE   13,484 0 0
COCA-COLA CO. DL-,25 COM 191216100   5,157,054 81,073 SH   SOLE   81,073 0 0
COLGATE-PALMOLIVE DL 1 COM 194162103   1,787,115 22,682 SH   SOLE   22,682 0 0
COMCAST CORP. A DL-,01 CL A 20030N101   21,827,610 624,181 SH   SOLE   624,181 0 0
CONOCOPHILLIPS DL-,01 COM 20825C104   43,383,998 367,661 SH   SOLE   367,661 0 0
CONSOLIDATED EDISON COM 209115104   151,924 1,594 SH   SOLE   1,594 0 0
CORNING INC. DL -,50 COM 219350105   41,045,711 1,285,088 SH   SOLE   1,285,088 0 0
CROWN CASTLE INC. COM 22822V101   95,084 701 SH   SOLE   701 0 0
DANAHER CORP. DL-,01 COM 235851102   326,201 1,229 SH   SOLE   1,229 0 0
DAVITA INC. DL -,001 COM 23918K108   4,081,238 54,657 SH   SOLE   54,657 0 0
DEERE CO. DL 1 COM 244199105   10,204,059 23,799 SH   SOLE   23,799 0 0
DELTA AIR LINES INC. COM NEW 247361702   3,860,294 117,477 SH   SOLE   117,477 0 0
DISNEY (WALT) CO. COM 254687106   730,053 8,403 SH   SOLE   8,403 0 0
DOVER CORP. DL 1 COM 260003108   67,705 500 SH   SOLE   500 0 0
EBAY INC. DL-,001 COM 278642103   1,535,924 37,037 SH   SOLE   37,037 0 0
EDWARDS LIFESCIENCES COM 28176E108   74,908 1,004 SH   SOLE   1,004 0 0
EL. ARTS INC. DL-,01 COM 285512109   48,872 400 SH   SOLE   400 0 0
EMBECTA CORP. DL-,01 COMMON STOCK 29082K105   1,517 60 SH   SOLE   60 0 0
EQUITABLE HLDGS DL-,01 COM 29452E101   32,561,499 1,134,547 SH   SOLE   1,134,547 0 0
EXELON CORP. COM 30161N101   45,479,127 1,052,027 SH   SOLE   1,052,027 0 0
EXXON MOBIL CORP. O.N. COM 30231G102   1,930,250 17,500 SH   SOLE   17,500 0 0
FMC CORP. DL-,10 COM NEW 302491303   8,104,762 64,942 SH   SOLE   64,942 0 0
META PLATF. A DL-,000006 CL A 30303M102   18,080,122 150,242 SH   SOLE   150,242 0 0
FORTINET INC. DL-,001 COM 34959E109   6,451,378 131,957 SH   SOLE   131,957 0 0
FUTU HOLDINGS SP.ADR/1 SPON ADS CL A 36118L106   260,160 6,400 SH   SOLE   6,400 0 0
GAMING & LEISURE PROP. COM 36467J108   43,268,402 830,647 SH   SOLE   830,647 0 0
GENL DYNAMICS CORP. DL 1 COM 369550108   42,702,956 172,113 SH   SOLE   172,113 0 0
GENL MILLS DL -,10 COM 370334104   422,856 5,043 SH   SOLE   5,043 0 0
GENUINE PARTS DL 1 COM 372460105   579,176 3,338 SH   SOLE   3,338 0 0
GILEAD SCIENCES DL-,001 COM 375558103   2,861,724 33,334 SH   SOLE   33,334 0 0
GRAINGER (W.W.) INC. DL 1 COM 384802104   4,273,669 7,683 SH   SOLE   7,683 0 0
HCA HEALTHCARE INC.DL-,01 COM 40412C101   665,169 2,772 SH   SOLE   2,772 0 0
HDFC BANK LTD ADR/3 IR 10 SPONSORED ADS 40415F101   1,268,253 18,539 SH   SOLE   18,539 0 0
HP INC DL -,01 COM 40434L105   4,841,356 180,177 SH   SOLE   180,177 0 0
HARTFORD FINL SVCS GRP COM 416515104   1,028,861 13,568 SH   SOLE   13,568 0 0
HEWLETT PACKARD ENT. COM 42824C109   4,369,098 273,753 SH   SOLE   273,753 0 0
HILTON WORLD.HDGS DL -,01 COM 43300A203   103,742 821 SH   SOLE   821 0 0
HOME DEPOT INC. DL-,05 COM 437076102   51,160,476 161,972 SH   SOLE   161,972 0 0
H WORLD GROUP SP.ADR/10 SPONSORED ADS 44332N106   250,278 5,900 SH   SOLE   5,900 0 0
HUMANA INC. DL-,166 COM 444859102   2,180,393 4,257 SH   SOLE   4,257 0 0
HUNTINGTON BANCSHS DL-,01 COM 446150104   1,204,182 85,403 SH   SOLE   85,403 0 0
IDEXX LABS INC. DL-,10 COM 45168D104   558,089 1,368 SH   SOLE   1,368 0 0
ILL. TOOL WKS COM 452308109   174,257 791 SH   SOLE   791 0 0
INFOSYS LTD. ADR/1 IR5 SPONSORED ADR 456788108   1,175,711 65,281 SH   SOLE   65,281 0 0
INGERSOLL-RAND DL -,01 COM 45687V106   359,480 6,880 SH   SOLE   6,880 0 0
INTEL CORP. DL-,001 COM 458140100   125,146 4,735 SH   SOLE   4,735 0 0
INTERCONTINENTAL EXCH.INC COM 45866F104   386,764 3,770 SH   SOLE   3,770 0 0
INTL BUS. MACH. DL-,20 COM 459200101   1,106,691 7,855 SH   SOLE   7,855 0 0
INTL PAPER DL 1 COM 460146103   3,689,930 106,553 SH   SOLE   106,553 0 0
INTUIT INC. DL-,01 COM 461202103   739,129 1,899 SH   SOLE   1,899 0 0
JPMORGAN CHASE DL 1 COM 46625H100   34,656,268 258,436 SH   SOLE   258,436 0 0
JACKSON FNCL CL.A DL-,10 COM CL A 46817M107   7,202 207 SH   SOLE   207 0 0
JOHNSON & JOHNSON DL 1 COM 478160104   9,857,777 55,804 SH   SOLE   55,804 0 0
KLA CORP. DL -,001 COM NEW 482480100   9,715,686 25,769 SH   SOLE   25,769 0 0
KE HOLDINGS SP.ADS/1 CL.A SPONSORED ADS 482497104   505,352 36,200 SH   SOLE   36,200 0 0
KEYCORP DL 1 COM 493267108   2,547,379 146,233 SH   SOLE   146,233 0 0
KIMBERLY-CLARK DL 1,25 COM 494368103   2,054,576 15,135 SH   SOLE   15,135 0 0
KROGER CO. DL 1 COM 501044101   1,570,643 35,232 SH   SOLE   35,232 0 0
LPL FINANCIAL HLDS DL-,01 COM 50212V100   3,076,531 14,232 SH   SOLE   14,232 0 0
LAM RESEARCH CORP.DL-,001 COM 512807108   1,500,471 3,570 SH   SOLE   3,570 0 0
ESTEE LAUDER COS A DL-,01 CL A 518439104   74,433 300 SH   SOLE   300 0 0
ELI LILLY COM 532457108   62,064,390 169,649 SH   SOLE   169,649 0 0
LINCOLN NATL COM 534187109   1,261,087 41,051 SH   SOLE   41,051 0 0
LOWE'S COS INC. DL-,50 COM 548661107   727,624 3,652 SH   SOLE   3,652 0 0
LULULEMON ATHLETICA INC. COM 550021109   66,319 207 SH   SOLE   207 0 0
M&T BANK DL-,50 COM 55261F104   31,077,654 214,240 SH   SOLE   214,240 0 0
MARATHON PETROLEUM DL-,01 COM 56585A102   5,614,886 48,242 SH   SOLE   48,242 0 0
MARSH&MCLENNAN COS.INC.D1 COM 571748102   728,277 4,401 SH   SOLE   4,401 0 0
MASCO CORP. DL 1 COM 574599106   3,537,446 75,797 SH   SOLE   75,797 0 0
MASTERCARD INC.A DL-,0001 CL A 57636Q104   9,145,994 26,302 SH   SOLE   26,302 0 0
MCDONALDS CORP. DL-,01 COM 580135101   832,228 3,158 SH   SOLE   3,158 0 0
MERCADOLIBRE INC. DL-,001 COM 58733R102   553,441 654 SH   SOLE   654 0 0
MERCK CO. DL-,01 COM 58933Y105   64,022,255 577,037 SH   SOLE   577,037 0 0
METLIFE INC. DL-,01 COM 59156R108   43,474,034 600,719 SH   SOLE   600,719 0 0
METTLER-TOLEDO INTL COM 592688105   5,116,893 3,540 SH   SOLE   3,540 0 0
MICROSOFT DL-,00000625 COM 594918104   64,192,140 267,668 SH   SOLE   267,668 0 0
MOODY'S CORP DL-,01 COM 615369105   754,782 2,709 SH   SOLE   2,709 0 0
MORGAN STANLEY DL-,01 COM NEW 617446448   38,043,304 447,463 SH   SOLE   447,463 0 0
MOSAIC CO. DL-,01 COM 61945C103   1,953,970 44,540 SH   SOLE   44,540 0 0
NIO INC.A S.ADR DL-,00025 SPON ADS 62914V106   1,411,800 144,800 SH   SOLE   144,800 0 0
NEWELL BRANDS INC. DL 1 COM 651229106   1,408,415 107,677 SH   SOLE   107,677 0 0
NIKE INC. B CL B 654106103   1,294,716 11,065 SH   SOLE   11,065 0 0
NVIDIA CORP. DL-,001 COM 67066G104   23,199,140 158,746 SH   SOLE   158,746 0 0
ONEOK INC. (NEW) DL-,01 COM 682680103   1,931,054 29,392 SH   SOLE   29,392 0 0
ORACLE CORP. DL-,01 COM 68389X105   387,448 4,740 SH   SOLE   4,740 0 0
OWENS CORNING NEW DL-,01 COM 690742101   1,621,638 19,011 SH   SOLE   19,011 0 0
PPG IND. INC. DL 1,666 COM 693506107   46,026,624 366,046 SH   SOLE   366,046 0 0
PAYPAL HDGS INC.DL-,0001 COM 70450Y103   249,270 3,500 SH   SOLE   3,500 0 0
PEPSICO INC. Dl-,0166 COM 713448108   3,543,465 19,614 SH   SOLE   19,614 0 0
PFIZER INC. DL-,05 COM 717081103   55,733,543 1,087,696 SH   SOLE   1,087,696 0 0
PHILIP MORRIS INTL INC. COM 718172109   46,438,286 458,831 SH   SOLE   458,831 0 0
PHILLIPS 66 DL-,01 COM 718546104   589,821 5,667 SH   SOLE   5,667 0 0
PINDUODUO INC. SP.ADR/4 SPONSORED ADS 722304102   5,886,931 72,188 SH   SOLE   72,188 0 0
PIONEER NATURAL DL-,01 COM 723787107   580,111 2,540 SH   SOLE   2,540 0 0
T.ROW.PR.GRP DL-,20 COM 74144T108   54,530 500 SH   SOLE   500 0 0
PROCTER GAMBLE COM 742718109   7,881,120 52,000 SH   SOLE   52,000 0 0
PROGRESSIVE CORP. DL 1 COM 743315103   4,726,114 36,436 SH   SOLE   36,436 0 0
PROLOGIS INC. DL-,01 COM 74340W103   659,020 5,846 SH   SOLE   5,846 0 0
PRUDENTIAL FINL DL-,01 COM 744320102   4,049,216 40,712 SH   SOLE   40,712 0 0
QUALCOMM INC. DL-,0001 COM 747525103   30,296,825 275,576 SH   SOLE   275,576 0 0
RAYMOND JAMES FIN. DL-,01 COM 754730109   23,399,829 218,997 SH   SOLE   218,997 0 0
REGIONS FINANCIAL DL-,01 COM 7591EP100   2,923,644 135,605 SH   SOLE   135,605 0 0
RESMED INC. DL-,004 COM 761152107   104,065 500 SH   SOLE   500 0 0
ROCKWELL AU. DL 1 COM 773903109   575,154 2,233 SH   SOLE   2,233 0 0
ROPER TECHNOLOGIES DL-,01 COM 776696106   11,693,652 27,063 SH   SOLE   27,063 0 0
S&P GLOBAL INC. DL 1 COM 78409V104   3,202,361 9,561 SH   SOLE   9,561 0 0
SBA COMMUNICAT. A DL-,01 CL A 78410G104   70,078 250 SH   SOLE   250 0 0
SALESFORCE INC. DL-,001 COM 79466L302   669,580 5,050 SH   SOLE   5,050 0 0
CHARLES SCHWAB CORP.DL-01 COM 808513105   977,639 11,742 SH   SOLE   11,742 0 0
SEMPRA COM 816851109   43,472,720 281,304 SH   SOLE   281,304 0 0
SERVICENOW INC. DL-,001 COM 81762P102   100,950 260 SH   SOLE   260 0 0
SHERWIN-WILLIAMS DL 1 COM 824348106   617,533 2,602 SH   SOLE   2,602 0 0
STARBUCKS CORP. COM 855244109   59,520 600 SH   SOLE   600 0 0
STEEL DYNAMIC DL-,0025 COM 858119100   3,963,982 40,573 SH   SOLE   40,573 0 0
SYNCHRONY FIN. DL-,001 COM 87165B103   1,743,683 53,064 SH   SOLE   53,064 0 0
TJX COS INC. DL 1 COM 872540109   44,803,656 562,860 SH   SOLE   562,860 0 0
T-MOBILE US INC.DL,-00001 COM 872590104   9,359,700 66,855 SH   SOLE   66,855 0 0
TAIWAN SEMICON.MANU.ADR/5 SPONSORED ADS 874039100   433,383 5,818 SH   SOLE   5,818 0 0
TARGET CORP. DL-,0833 COM 87612E106   4,387,141 29,436 SH   SOLE   29,436 0 0
TESLA INC. DL -,001 COM 88160R101   7,016,579 56,962 SH   SOLE   56,962 0 0
TEXAS INSTRUMENTS Dl 1 COM 882508104   12,149,948 73,538 SH   SOLE   73,538 0 0
THERMO FISH.SCIENTIF.DL 1 COM 883556102   9,332,543 16,947 SH   SOLE   16,947 0 0
3M CO. DL-,01 COM 88579Y101   591,925 4,936 SH   SOLE   4,936 0 0
TRIP.COM.GROUP SP.ADR 1 ADS 89677Q107   2,511,200 73,000 SH   SOLE   73,000 0 0
TRUIST FINL CORP. DL 5 COM 89832Q109   561,929 13,059 SH   SOLE   13,059 0 0
ULTA BEAUTY DL-,01 COM 90384S303   2,040,924 4,351 SH   SOLE   4,351 0 0
UNILEVER ADR/1 LS-,031111 SPON ADR NEW 904767704   56,868,059 1,129,455 SH   SOLE   1,129,455 0 0
UNION PAC. DL 2,50 COM 907818108   1,103,890 5,331 SH   SOLE   5,331 0 0
UTD PARCEL SE.B DL-01 CL B 911312106   5,414,768 31,148 SH   SOLE   31,148 0 0
UNITEDHEALTH GROUP DL-,01 COM 91324P102   36,120,103 68,128 SH   SOLE   68,128 0 0
V.F. CORP. COM 918204108   22,088 800 SH   SOLE   800 0 0
VALERO ENERGY CORP.DL-,01 COM 91913Y100   2,631,076 20,740 SH   SOLE   20,740 0 0
VERIZON COMM. INC. DL-,10 COM 92343V104   1,387,865 35,225 SH   SOLE   35,225 0 0
VERTEX PHARMAC. DL-,01 COM 92532F100   2,209,167 7,650 SH   SOLE   7,650 0 0
VISA INC. CL. A DL -,0001 COM CL A 92826C839   7,837,123 37,722 SH   SOLE   37,722 0 0
VMWARE INC.CLASS A DL-,01 CL A COM 928563402   36,828 300 SH   SOLE   300 0 0
VOYA FINANCIAL INC.DL-,01 COM 929089100   61,490 1,000 SH   SOLE   1,000 0 0
WATERS CORP. DL-,01 COM 941848103   2,785,861 8,132 SH   SOLE   8,132 0 0
WEBSTER FINL CORP. DL-,01 COM 947890109   814,153 17,198 SH   SOLE   17,198 0 0
WESTERN UNION CO. DL-,01 COM 959802109   4,258,483 309,258 SH   SOLE   309,258 0 0
WRKCO INC. DL-,01 COM 96145D105   1,580,477 44,951 SH   SOLE   44,951 0 0
WEYERHAEUSER CO. DL 1,25 COM NEW 962166104   62,000 2,000 SH   SOLE   2,000 0 0
YUM CHINA HLDGS DL-,01 COM 98850P109   3,240,974 58,850 SH   SOLE   58,850 0 0
ZTO EXPR.(KY)ADR A0,0001 SPONSORED ADS A 98980A105   1,064,052 39,600 SH   SOLE   39,600 0 0