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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Anglo American Plc - ADR COM 03485P300 9,728 540,765 SH   SOLE   465,598 0 75,167
Apple Inc. COM 037833100 12,309 90,031 SH   SOLE   64,714 0 25,317
Apple Inc. COM 037833100 767 5,612 SH   OTR 1 5,612 0 0
Applied Materials COM 038222105 9,282 102,025 SH   SOLE   79,669 0 22,356
Applied Materials COM 038222105 247 2,715 SH   OTR 1 2,715 0 0
AT&T Inc. COM 00206R102 19,427 926,879 SH   SOLE   681,492 0 245,387
AT&T Inc. COM 00206R102 346 16,500 SH   OTR 1 16,500 0 0
Bunge LTD COM G16962105 36,705 404,731 SH   SOLE   307,954 0 96,777
Bunge LTD COM G16962105 1,697 18,710 SH   OTR 1 18,710 0 0
Campbell Soup Co COM 134429109 21,251 442,262 SH   SOLE   334,410 0 107,852
Campbell Soup Co COM 134429109 672 13,978 SH   OTR 1 13,978 0 0
Cisco Systems Inc COM 17275R102 27,957 655,650 SH   SOLE   508,109 0 147,541
Cisco Systems Inc COM 17275R102 1,023 24,000 SH   OTR 1 24,000 0 0
eBay Inc COM 278642103 17,960 430,996 SH   SOLE   315,587 0 115,409
eBay Inc COM 278642103 1,004 24,100 SH   OTR 1 24,100 0 0
Electronic Arts Inc COM 285512109 5,563 45,730 SH   SOLE   31,535 0 14,195
Electronic Arts Inc COM 285512109 318 2,613 SH   OTR 1 2,613 0 0
Freeport-McMoran Inc COM 35671D857 6,198 211,838 SH   SOLE   153,148 0 58,691
Freeport-McMoran Inc COM 35671D857 411 14,060 SH   OTR 1 14,060 0 0
Home Depot Inc COM 437076102 6,438 23,475 SH   SOLE   17,232 0 6,243
Home Depot Inc COM 437076102 456 1,661 SH   OTR 1 1,661 0 0
Intel Corp COM 458140100 9,099 243,213 SH   SOLE   179,880 0 63,334
Intel Corp COM 458140100 595 15,900 SH   OTR 1 15,900 0 0
ISHARES TR RUSSELL 2000 RUSSEL COM 464287630 204 1,500 SH   SOLE   1,500 0 0
Johnson & Johnson COM 478160104 30,837 173,722 SH   SOLE   131,209 0 42,513
Johnson & Johnson COM 478160104 1,225 6,900 SH   OTR 1 6,900 0 0
Koninklijke Philips NV COM 500472303 1,839 85,436 SH   SOLE   65,641 0 19,795
Koninklijke Philips NV COM 500472303 202 9,385 SH   OTR 1 9,385 0 0
Kratos Defense & Security COM 50077B207 15,207 1,095,635 SH   SOLE   803,679 0 291,956
Kratos Defense & Security COM 50077B207 861 62,000 SH   OTR 1 62,000 0 0
MDU Resources Group, Inc. COM 552690109 13,574 502,936 SH   SOLE   386,997 0 115,939
MDU Resources Group, Inc. COM 552690109 600 22,248 SH   OTR 1 22,248 0 0
Medtronic PLC COM G5960L103 5,138 57,244 SH   SOLE   41,801 0 15,442
Medtronic PLC COM G5960L103 286 3,191 SH   OTR 1 3,191 0 0
Meta Platforms, Inc. COM 30303M102 2,791 17,305 SH   SOLE   12,227 0 5,078
Meta Platforms, Inc. COM 30303M102 182 1,128 SH   OTR 1 1,128 0 0
Micron Technology Inc COM 595112103 23,955 433,347 SH   SOLE   327,854 0 105,493
Micron Technology Inc COM 595112103 1,035 18,723 SH   OTR 1 18,723 0 0
Microsoft COM 594918104 32,716 127,385 SH   SOLE   98,198 0 29,187
Microsoft COM 594918104 1,734 6,750 SH   OTR 1 6,750 0 0
Mosaic Co COM 61945C103 29,262 619,554 SH   SOLE   466,755 0 152,799
Mosaic Co COM 61945C103 1,501 31,780 SH   OTR 1 31,780 0 0
National Fuel Gas Company COM 636180101 30,692 464,674 SH   SOLE   354,211 0 110,463
National Fuel Gas Company COM 636180101 1,388 21,020 SH   OTR 1 21,020 0 0
Nokia Corporation COM 654902204 16,774 3,638,558 SH   SOLE   3,160,233 0 478,325
Nokia Corporation COM 654902204 899 195,040 SH   OTR 1 195,040 0 0
Novartis AG-ADR COM 66987V109 34,684 410,312 SH   SOLE   314,768 0 95,545
Novartis AG-ADR COM 66987V109 1,010 11,950 SH   OTR 1 11,950 0 0
Orange - ADR COM 684060106 22,658 1,925,070 SH   SOLE   1,638,896 0 286,173
Orange - ADR COM 684060106 673 57,190 SH   OTR 1 57,190 0 0
Sanofi ADR COM 80105N105 29,811 595,857 SH   SOLE   518,425 0 77,431
Sanofi ADR COM 80105N105 1,411 28,200 SH   OTR 1 28,200 0 0
Sprott Physical Gold & Silver COM 85208R101 25,670 1,526,160 SH   SOLE   1,198,159 0 328,000
Sprott Physical Gold & Silver COM 85208R101 1,166 69,350 SH   OTR 1 69,350 0 0
Synaptics Inc COM 87157D109 247 2,091 SH   SOLE   1,568 0 523
Takeda Pharmaceutical Company COM 874060205 19,886 1,416,391 SH   SOLE   1,090,104 0 326,287
Takeda Pharmaceutical Company COM 874060205 399 28,410 SH   OTR 1 28,410 0 0
Tetra Tech Inc COM 88162G103 32,560 238,448 SH   SOLE   181,281 0 57,167
Tetra Tech Inc COM 88162G103 1,512 11,075 SH   OTR 1 11,075 0 0
UGI Corporation COM 902681105 21,737 562,990 SH   SOLE   429,149 0 133,841
UGI Corporation COM 902681105 839 21,730 SH   OTR 1 21,730 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,961 64,599 SH   SOLE   53,743 0 10,856
Vodafone Group PLC - SP ADR COM 92857W308 16,328 1,047,999 SH   SOLE   915,068 0 132,931
Vodafone Group PLC - SP ADR COM 92857W308 706 45,300 SH   OTR 1 45,300 0 0
Wal-Mart Stores Inc. COM 931142103 9,008 74,093 SH   SOLE   54,050 0 20,043
Wal-Mart Stores Inc. COM 931142103 460 3,784 SH   OTR 1 3,784 0 0
Warner Bros. Discovery Inc. COM 934423104 3,799 283,051 SH   SOLE   215,832 0 67,219
Warner Bros. Discovery Inc. COM 934423104 141 10,471 SH   OTR 1 10,471 0 0