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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMAZON COM INC COM 023135106 200 60 SH   SOLE   60 0 0
Anglo American Plc - ADR COM 03485P300 11,118 540,235 SH   SOLE   461,798 0 78,437
Apple Inc. COM 037833100 15,663 88,210 SH   SOLE   62,344 0 25,866
Apple Inc. COM 037833100 997 5,612 SH   OTR 1 5,612 0 0
Applied Materials COM 038222105 10,355 65,802 SH   SOLE   49,454 0 16,348
Applied Materials COM 038222105 427 2,715 SH   OTR 1 2,715 0 0
AT&T Inc. COM 00206R102 20,868 848,309 SH   SOLE   609,932 0 238,377
AT&T Inc. COM 00206R102 406 16,500 SH   OTR 1 16,500 0 0
Bunge LTD COM G16962105 47,936 513,449 SH   SOLE   387,801 0 125,648
Bunge LTD COM G16962105 2,187 23,430 SH   OTR 1 23,430 0 0
Campbell Soup Co COM 134429109 18,732 431,025 SH   SOLE   324,114 0 106,911
Campbell Soup Co COM 134429109 607 13,978 SH   OTR 1 13,978 0 0
Cisco Systems Inc COM 17275R102 40,830 644,316 SH   SOLE   494,905 0 149,411
Cisco Systems Inc COM 17275R102 1,521 24,000 SH   OTR 1 24,000 0 0
eBay Inc COM 278642103 24,864 373,901 SH   SOLE   260,167 0 113,734
eBay Inc COM 278642103 1,603 24,100 SH   OTR 1 24,100 0 0
Electronic Arts Inc COM 285512109 5,625 42,648 SH   SOLE   28,854 0 13,793
Electronic Arts Inc COM 285512109 345 2,613 SH   OTR 1 2,613 0 0
Freeport-McMoran Inc COM 35671D857 5,121 122,724 SH   SOLE   85,433 0 37,291
Freeport-McMoran Inc COM 35671D857 360 8,635 SH   OTR 1 8,635 0 0
Home Depot Inc COM 437076102 4,478 10,789 SH   SOLE   7,618 0 3,171
Home Depot Inc COM 437076102 310 747 SH   OTR 1 747 0 0
Intel Corp COM 458140100 16,516 320,704 SH   SOLE   242,151 0 78,553
Intel Corp COM 458140100 819 15,900 SH   OTR 1 15,900 0 0
ISHARES MSCI EMRG MKT FD EMERG COM 464287234 548 11,210 SH   SOLE   11,210 0 0
ISHARES TR RUSSELL 2000 RUSSEL COM 464287630 323 1,948 SH   SOLE   1,948 0 0
Johnson & Johnson COM 478160104 30,965 181,007 SH   SOLE   136,838 0 44,169
Johnson & Johnson COM 478160104 1,180 6,900 SH   OTR 1 6,900 0 0
Kratos Defense & Security COM 50077B207 19,161 987,677 SH   SOLE   711,184 0 276,493
Kratos Defense & Security COM 50077B207 1,203 62,000 SH   OTR 1 62,000 0 0
MDU Resources Group, Inc. COM 552690109 15,095 489,469 SH   SOLE   374,717 0 114,752
MDU Resources Group, Inc. COM 552690109 686 22,248 SH   OTR 1 22,248 0 0
Meta Platforms, Inc. COM 30303M102 5,980 17,780 SH   SOLE   12,129 0 5,651
Meta Platforms, Inc. COM 30303M102 379 1,128 SH   OTR 1 1,128 0 0
Micron Technology Inc COM 595112103 39,421 423,201 SH   SOLE   317,311 0 105,890
Micron Technology Inc COM 595112103 1,744 18,723 SH   OTR 1 18,723 0 0
Microsoft COM 594918104 43,870 130,440 SH   SOLE   99,457 0 30,984
Microsoft COM 594918104 2,270 6,750 SH   OTR 1 6,750 0 0
Mosaic Co COM 61945C103 32,028 815,173 SH   SOLE   620,313 0 194,860
Mosaic Co COM 61945C103 2,152 54,760 SH   OTR 1 54,760 0 0
National Fuel Gas Company COM 636180101 34,293 536,328 SH   SOLE   403,382 0 132,946
National Fuel Gas Company COM 636180101 1,524 23,835 SH   OTR 1 23,835 0 0
Nokia Corporation COM 654902204 23,256 3,738,861 SH   SOLE   3,264,990 0 473,870
Nokia Corporation COM 654902204 1,213 195,040 SH   OTR 1 195,040 0 0
Novartis AG-ADR COM 66987V109 32,799 374,973 SH   SOLE   286,621 0 88,352
Novartis AG-ADR COM 66987V109 1,045 11,950 SH   OTR 1 11,950 0 0
Orange - ADR COM 684060106 19,417 1,840,495 SH   SOLE   1,568,282 0 272,212
Orange - ADR COM 684060106 603 57,190 SH   OTR 1 57,190 0 0
Sanofi ADR COM 80105N105 30,007 598,936 SH   SOLE   521,535 0 77,400
Sanofi ADR COM 80105N105 1,413 28,200 SH   OTR 1 28,200 0 0
Sprott Physical Gold & Silver COM 85208R101 26,616 1,500,311 SH   SOLE   1,174,316 0 325,994
Sprott Physical Gold & Silver COM 85208R101 1,230 69,350 SH   OTR 1 69,350 0 0
Synaptics Inc COM 87157D109 536 1,851 SH   SOLE   1,328 0 523
Takeda Pharmaceutical Company COM 874060205 15,506 1,137,618 SH   SOLE   854,334 0 283,284
Takeda Pharmaceutical Company COM 874060205 387 28,410 SH   OTR 1 28,410 0 0
Tetra Tech Inc COM 88162G103 39,760 234,158 SH   SOLE   175,687 0 58,471
Tetra Tech Inc COM 88162G103 1,881 11,075 SH   OTR 1 11,075 0 0
UGI Corporation COM 902681105 22,540 490,959 SH   SOLE   373,401 0 117,558
UGI Corporation COM 902681105 998 21,730 SH   OTR 1 21,730 0 0
Vodafone Group PLC - SP ADR COM 92857W308 14,518 972,395 SH   SOLE   847,076 0 125,319
Vodafone Group PLC - SP ADR COM 92857W308 676 45,300 SH   OTR 1 45,300 0 0
Wal-Mart Stores Inc. COM 931142103 8,253 57,042 SH   SOLE   39,977 0 17,065
Wal-Mart Stores Inc. COM 931142103 548 3,784 SH   OTR 1 3,784 0 0