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
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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
Alibaba ADR ADR 01609W102   375,690 2,102 SH   SOLE 0 0 2,102 0
Alphabet CL A COM 02079K305   195,394,056 803,760 SH   SOLE 0 0 803,760 0
Amazon COM 023135106   20,844,219 94,932 SH   SOLE 0 0 94,932 0
Ambev ADR ADR 02319V103   61,889 27,753 SH   SOLE 0 0 27,753 0
AmericanTwrREIT COM 03027X100   1,018,527 5,296 SH   SOLE 0 0 5,296 0
ASE Tech ADR ADR 00215W100   74,248 6,695 SH   SOLE 0 0 6,695 0
Autohome ADR ADR 05278C107   148,203 5,191 SH   SOLE 0 0 5,191 0
B2Gold COM 11777Q209   43,172 6,275 SH   SOLE 0 0 6,275 0
Baidu ADR ADR 056752108   79,853 606 SH   SOLE 0 0 606 0
Bank NovaScotia COM 064149107   42,295 470 SH   SOLE 0 0 470 0
Bank Of America COM 060505104   83,593,237 1,620,338 SH   SOLE 0 0 1,620,338 0
Barrick Mining COM 06849F108   97,948,088 2,988,956 SH   SOLE 0 0 2,988,956 0
BATS ADR ADR 110448107   222,171,913 4,185,605 SH   SOLE 0 0 4,185,605 0
BONY COM 064058100   5,271,921 48,384 SH   SOLE 0 0 48,384 0
BP Plc ADR ADR 055622104   160,988,678 4,671,755 SH   SOLE 0 0 4,671,755 0
BSCH ADR ADR 05964H105   282,845,432 26,989,068 SH   SOLE 0 0 26,989,068 0
CDW Corp COM 12514G108   128,867,714 809,064 SH   SOLE 0 0 809,064 0
Charles Schwab COM 808513105   169,103,720 1,771,276 SH   SOLE 0 0 1,771,276 0
Chunghwa ADR ADR 17133Q502   9,864,794 226,153 SH   SOLE 0 0 226,153 0
CNR COM 136375102   136,227 1,038 SH   SOLE 0 0 1,038 0
Credicorp Ltd COM G2519Y108   78,211,495 293,719 SH   SOLE 0 0 293,719 0
CSX Corp COM 126408103   1,457,011 41,031 SH   SOLE 0 0 41,031 0
Dollar General COM 256677105   423,218 4,095 SH   SOLE 0 0 4,095 0
Dollar Tree COM 256746108   102,550,086 1,086,681 SH   SOLE 0 0 1,086,681 0
DuPont COM 26614N102   138,502,617 1,777,954 SH   SOLE 0 0 1,777,954 0
Edison Intl COM 281020107   809,631 14,646 SH   SOLE 0 0 14,646 0
Electronic Arts COM 285512109   612,563 3,037 SH   SOLE 0 0 3,037 0
Enel Chile ADR ADR 29278D105   214,417 55,120 SH   SOLE 0 0 55,120 0
Eni SpA ADR ADR 26874R108   9,462 271 SH   SOLE 0 0 271 0
EOG Resources COM 26875P101   610,269 5,443 SH   SOLE 0 0 5,443 0
Eversource En COM 30040W108   1,918,859 26,973 SH   SOLE 0 0 26,973 0
Exxon Mobil COM 30231G102   76,781,510 680,989 SH   SOLE 0 0 680,989 0
FEMSA ADR ADR 344419106   95,474 968 SH   SOLE 0 0 968 0
GPO Aero PacADR ADR 400506101   126,897 535 SH   SOLE 0 0 535 0
GSK PLC ADR ADR 37733W204   251,935,538 5,837,246 SH   SOLE 0 0 5,837,246 0
HCA Healthcare COM 40412C101   106,605,406 250,130 SH   SOLE 0 0 250,130 0
HDFC Bank ADR ADR 40415F101   32,760,055 959,018 SH   SOLE 0 0 959,018 0
Honda Motor ADR ADR 438128308   136,637,254 4,407,672 SH   SOLE 0 0 4,407,672 0
ICICI Bank ADR ADR 45104G104   104,173 3,446 SH   SOLE 0 0 3,446 0
Infosys ADR ADR 456788108   79,858,074 4,908,302 SH   SOLE 0 0 4,908,302 0
iShs MSCI EAFE COM 464287465   33,368,197 357,376 SH   SOLE 0 0 357,376 0
Ishs MSCI Saudi COM 46434V423   33,223,292 818,711 SH   SOLE 0 0 818,711 0
Ishs MSCI SK COM 464286772   457,611 5,713 SH   SOLE 0 0 5,713 0
Ishs MSCI UAE COM 46434V761   12,735,487 674,192 SH   SOLE 0 0 674,192 0
ItauUniBanADR P ADR 465562106   90,253 12,296 SH   SOLE 0 0 12,296 0
Kaspi ADR ADR 48581R205   34,317,525 420,146 SH   SOLE 0 0 420,146 0
Kenvue COM 49177J102   79,268,862 4,884,095 SH   SOLE 0 0 4,884,095 0
KT Corp ADR ADR 48268K101   51,843,012 2,658,616 SH   SOLE 0 0 2,658,616 0
L3Harris Tech COM 502431109   82,023,047 268,567 SH   SOLE 0 0 268,567 0
LabCorp COM 504922105   75,207,998 261,994 SH   SOLE 0 0 261,994 0
Laureate Edu COM 518613203   31,445 997 SH   SOLE 0 0 997 0
Lloyds Bank ADR ADR 539439109   285,003,721 62,776,150 SH   SOLE 0 0 62,776,150 0
McDonalds COM 580135101   1,069,389 3,519 SH   SOLE 0 0 3,519 0
Merck COM 58933Y105   138,343,246 1,648,317 SH   SOLE 0 0 1,648,317 0
Meta Platforms COM 30303M102   136,814,994 186,300 SH   SOLE 0 0 186,300 0
Micron Tech COM 595112103   8,579,668 51,277 SH   SOLE 0 0 51,277 0
Microsoft Corp COM 594918104   144,040,341 278,097 SH   SOLE 0 0 278,097 0
NNN REIT COM 637417106   78,813,545 1,851,387 SH   SOLE 0 0 1,851,387 0
Nomad Foods COM G6564A105   43,553 3,312 SH   SOLE 0 0 3,312 0
Norfolk South COM 655844108   69,094 230 SH   SOLE 0 0 230 0
Novartis ADR ADR 66987V109   734,096 5,724 SH   SOLE 0 0 5,724 0
Open Text COM 683715106   30,536 587 SH   SOLE 0 0 587 0
Patria Invest COM G69451105   257 18 SH   SOLE 0 0 18 0
PepsiCo COM 713448108   92,578,188 659,201 SH   SOLE 0 0 659,201 0
Petrobras ADR ADR 71654V408   140,432,582 11,092,621 SH   SOLE 0 0 11,092,621 0
Philips ADR ADR 500472303   215,529,173 7,906,426 SH   SOLE 0 0 7,906,426 0
Prologis COM 74340W103   112,141,076 979,227 SH   SOLE 0 0 979,227 0
Qualcomm Inc COM 747525103   913,483 5,491 SH   SOLE 0 0 5,491 0
Salesforce COM 79466L302   128,974,452 544,196 SH   SOLE 0 0 544,196 0
Sanofi ADR ADR 80105N105   171,742,203 3,638,606 SH   SOLE 0 0 3,638,606 0
Shell ADR ADR 780259305   116,162,359 1,623,967 SH   SOLE 0 0 1,623,967 0
Shinhan ADR ADR 824596100   190,701 3,786 SH   SOLE 0 0 3,786 0
Solventum Corp COM 83444M101   726,788 9,956 SH   SOLE 0 0 9,956 0
Sony ADR ADR 835699307   277,631,468 9,573,550 SH   SOLE 0 0 9,573,550 0
South Bow (CA) COM 83671M105   141,650 3,597 SH   SOLE 0 0 3,597 0
Stanley B&D COM 854502101   397,294 5,345 SH   SOLE 0 0 5,345 0
Sysco COM 871829107   142,237,163 1,727,437 SH   SOLE 0 0 1,727,437 0
TaiwanSMC ADR ADR 874039100   79,030,412 282,969 SH   SOLE 0 0 282,969 0
Takeda PharmADR ADR 874060205   12,004 820 SH   SOLE 0 0 820 0
TelkomIndon ADR ADR 715684106   97,582 5,185 SH   SOLE 0 0 5,185 0
Texas Instrum COM 882508104   133,618,194 727,253 SH   SOLE 0 0 727,253 0
Thermo Fisher COM 883556102   147,613,412 304,345 SH   SOLE 0 0 304,345 0
TotalEne ADR ADR 89151E109   95,683 1,603 SH   SOLE 0 0 1,603 0
Ulta Beauty COM 90384S303   1,077,644 1,971 SH   SOLE 0 0 1,971 0
Unilever ADR AM ADR 904767704   50,922 859 SH   SOLE 0 0 859 0
UnitedHealth COM 91324P102   105,907,654 306,712 SH   SOLE 0 0 306,712 0
Vale SA ADR ADR 91912E105   123,531,794 11,374,935 SH   SOLE 0 0 11,374,935 0
Vangrd EM Index COM 922042775   509,605 7,140 SH   SOLE 0 0 7,140 0
Vangrd IEQ Index COM 922042858   74,187 1,369 SH   SOLE 0 0 1,369 0
VangrdFTSEETF COM 921943858   13,932,692 232,522 SH   SOLE 0 0 232,522 0
Waters COM 941848103   1,397,115 4,660 SH   SOLE 0 0 4,660 0
Wells Fargo COM 949746101   138,398,052 1,651,134 SH   SOLE 0 0 1,651,134 0
Workday COM 98138H101   20,003,459 83,095 SH   SOLE 0 0 83,095 0
WPP ADR ADR 92937A102   79,947,200 3,191,505 SH   SOLE 0 0 3,191,505 0
Xtrack CN-A ETF COM 233051879   315,223 9,558 SH   SOLE 0 0 9,558 0
Yum China HK COM 98850P109   460,350 1,350 SH   SOLE 0 0 1,350 0
Yum China US COM 98850P109   158,970,615 3,703,882 SH   SOLE 0 0 3,703,882 0