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
ABB Ltd. Sponsored ADR COM 000375204   2,127,328 29,529 SH   SOLE   29,529 0 0
ACCENTURE PLC CL A COM G1151C101   386,669 1,568 SH   SOLE   1,568 0 0
ADIDAS AG ADR COM 00687A107   490,206 4,651 SH   SOLE   4,651 0 0
AIA GROUP LTD COM 001317205   3,182,694 82,928 SH   SOLE   82,928 0 0
ASE Technology Holding Co., Lt COM 00215W100   227,988 20,558 SH   SOLE   20,558 0 0
ASML HOLDING NV COM N07059210   14,168,965 14,636 SH   SOLE   14,636 0 0
ASTRAZENECA PLC ADR COM 046353108   4,446,921 57,963 SH   SOLE   57,963 0 0
Aegon NV ADR COM 0076CA104   113,937 14,260 SH   SOLE   14,260 0 0
Aercap Holdings N.V. COM N00985106   12,844,150 106,150 SH   SOLE   106,150 0 0
Alcon AG COM H01301128   287,162 3,854 SH   SOLE   3,854 0 0
Alibaba Group Holding Ltd. Spo COM 01609W102   5,106,137 28,569 SH   SOLE   28,569 0 0
Ambev SA Sponsored ADR COM 02319V103   33,836 15,173 SH   SOLE   15,173 0 0
America Movil SAB de CV Sponso COM 02390A101   2,997,981 142,761 SH   SOLE   142,761 0 0
Anglogold Ashanti PLC COM G0378L100   2,265,611 32,214 SH   SOLE   32,214 0 0
Arm Holdings Plc COM 042068205   351,461 2,484 SH   SOLE   2,484 0 0
Ascendis Pharma A/S Sponsored COM 04351P101   3,172,212 15,956 SH   SOLE   15,956 0 0
BNP PARIBAS COM 05565A202   914,773 20,135 SH   SOLE   20,135 0 0
BROADCOM INC COM 11135F101   353,334 1,071 SH   SOLE   1,071 0 0
Banco Santander-Chile COM 05965X109   1,352,269 51,029 SH   SOLE   51,029 0 0
Barclays Plc COM 06738E204   1,057,457 51,159 SH   SOLE   51,159 0 0
Barrick Gold Corp. COM 06849F108   394,452 12,037 SH   SOLE   12,037 0 0
Bunzl plc Sponsored ADR COM 120738406   204,570 12,954 SH   SOLE   12,954 0 0
CGI Inc. Class A COM 12532H104   3,998,283 44,859 SH   SOLE   44,859 0 0
CHECK POINT SOFTWARE TECH COM M22465104   4,917,009 23,764 SH   SOLE   23,764 0 0
CHUBB LIMITED COM H1467J104   313,298 1,110 SH   SOLE   1,110 0 0
Cae Inc. COM 124765108   5,913,714 199,518 SH   SOLE   199,518 0 0
Cameco Corp. COM 13321L108   1,188,967 14,178 SH   SOLE   14,178 0 0
Commerzbank AG Sponsored ADR COM 202597605   457,072 12,122 SH   SOLE   12,122 0 0
Commonwealth Bank of Australia COM 202712600   6,602,490 59,690 SH   SOLE   59,690 0 0
DASSAULT SYSTEMS ADR COM 237545108   376,026 11,225 SH   SOLE   11,225 0 0
Deutsche Bank Ag COM D18190898   9,100,405 257,001 SH   SOLE   257,001 0 0
Elbit Systems Ltd. COM M3760D101   6,887,398 13,510 SH   SOLE   13,510 0 0
Experian PLC COM 30215C101   5,707,702 113,908 SH   SOLE   113,908 0 0
Fabrinet COM G3323L100   708,821 1,944 SH   SOLE   1,944 0 0
Ferrari NV COM N3167Y103   12,414,354 25,585 SH   SOLE   25,585 0 0
Grifols, S.A. Sponsored ADR Cl COM 398438408   1,573,132 157,945 SH   SOLE   157,945 0 0
HDFC Bank Limited Sponsored AD COM 40415F101   2,851,882 83,486 SH   SOLE   83,486 0 0
HSBC Holdings PLC Sponsored AD COM 404280406   815,063 11,483 SH   SOLE   11,483 0 0
IBERDROLA SA SPONSORED ADR COM 450737101   486,561 6,428 SH   SOLE   6,428 0 0
ICICI Bank Limited Sponsored A COM 45104G104   4,293,627 142,032 SH   SOLE   142,032 0 0
INFINEON TECHNOLOGIES COM 45662N103   1,882,272 48,251 SH   SOLE   48,251 0 0
INTERCONTINENTAL HOTELS GROUP COM 45857P806   12,876,963 106,193 SH   SOLE   106,193 0 0
IREN Limited COM Q4982L109   360,751 7,687 SH   SOLE   7,687 0 0
Icon Plc COM G4705A100   1,811,775 10,353 SH   SOLE   10,353 0 0
Imperial Oil Ltd. COM 453038408   260,605 2,872 SH   SOLE   2,872 0 0
Infosys Limited Sponsored ADR COM 456788108   1,405,191 86,367 SH   SOLE   86,367 0 0
Julius Baer Gruppe AG Unsponso COM 48137C108   955,183 69,141 SH   SOLE   69,141 0 0
KB Financial Group Inc. Sponso COM 48241A105   5,230,958 63,092 SH   SOLE   63,092 0 0
LONZA GROUP AG UNSPON ADR COM 54338V101   492,113 7,427 SH   SOLE   7,427 0 0
Lloyds Banking Group plc Spons COM 539439109   3,778,769 832,328 SH   SOLE   832,328 0 0
Logitech International S.A. COM H50430232   6,789,192 61,900 SH   SOLE   61,900 0 0
MEDTRONIC PLC COM G5960L103   274,767 2,885 SH   SOLE   2,885 0 0
METTLER-TOLEDO INTL W/1 RT/SH COM 592688105   429,664 350 SH   SOLE   350 0 0
MercadoLibre, Inc. COM 58733R102   602,931 258 SH   SOLE   258 0 0
Merck KGaA Sponsored ADR COM 589339209   1,805,743 70,205 SH   SOLE   70,205 0 0
Mitsubishi UFJ Financial Group COM 606822104   1,796,040 112,675 SH   SOLE   112,675 0 0
NATIONAL AUSTRALIA BANK ADR COM 632525408   684,860 46,812 SH   SOLE   46,812 0 0
NIDEC CORP ADR COM 654090109   45,217 10,143 SH   SOLE   10,143 0 0
NIPPON TEL & TEL CORP ADR COM 654624105   353,878 13,513 SH   SOLE   13,513 0 0
NOVARTIS AG ADR COM 66987V109   5,591,136 43,599 SH   SOLE   43,599 0 0
National Grid Transco COM 636274409   2,199,576 30,268 SH   SOLE   30,268 0 0
Nebius Group N.V. Class A COM N97284108   1,224,866 10,910 SH   SOLE   10,910 0 0
Nestle S.A. Sponsored ADR COM 641069406   2,798,526 30,495 SH   SOLE   30,495 0 0
Nokia Oyj Sponsored ADR COM 654902204   4,690,832 975,225 SH   SOLE   975,225 0 0
Novo Nordisk A/S COM 670100205   2,730,663 49,210 SH   SOLE   49,210 0 0
Nvidia Corp. COM 67066G104   259,160 1,389 SH   SOLE   1,389 0 0
ORIX Corporation Sponsored ADR COM 686330101   6,256,889 239,544 SH   SOLE   239,544 0 0
Open Text Corp. COM 683715106   4,122,416 110,284 SH   SOLE   110,284 0 0
PDD Holdings Inc. Sponsored AD COM 722304102   2,138,246 16,178 SH   SOLE   16,178 0 0
PT Bank Mandiri (Persero) Tbk COM 69367U105   1,585,164 150,096 SH   SOLE   150,096 0 0
RELX PLC Sponsored ADR COM 759530108   3,734,354 78,190 SH   SOLE   78,190 0 0
RIO TINTO PLC SPONSORED ADR COM 767204100   416,655 6,312 SH   SOLE   6,312 0 0
Rolls Royce Holdings ADR COM 775781206   14,904,817 930,330 SH   SOLE   930,330 0 0
SAP SE Sponsored ADR COM 803054204   14,010,889 52,434 SH   SOLE   52,434 0 0
SHIN-ETSU CHEM UNSPON ADR COM 824551105   492,079 29,950 SH   SOLE   29,950 0 0
SK Telecom Co., Ltd. Sponsored COM 78440P306   1,106,590 51,231 SH   SOLE   51,231 0 0
Sandoz Group Ltd Sponsored ADR COM 799926100   3,327,683 56,130 SH   SOLE   56,130 0 0
Shell PLC Sponsored ADR COM 780259305   621,596 8,690 SH   SOLE   8,690 0 0
Shopify, Inc. Class A COM 82509L107   20,148,692 135,581 SH   SOLE   135,581 0 0
Siemens Aktiengesellschaft Spo COM 826197501   1,026,076 7,600 SH   SOLE   7,600 0 0
Smith & Nephew Plc COM 83175M205   5,439,871 149,900 SH   SOLE   149,900 0 0
Sociedad Quimica Y Minera De C COM 833635105   699,972 16,286 SH   SOLE   16,286 0 0
SoftBank Group Corp. Unsponsor COM 83404D109   2,638,977 41,690 SH   SOLE   41,690 0 0
Sony Financial Group Inc. Unsp COM 83571B100   325,234 87,901 SH   SOLE   87,901 0 0
Sony Group Corporation Sponsor COM 835699307   12,653,637 439,515 SH   SOLE   439,515 0 0
Stmicroelectronics N.V. COM 861012102   2,971,341 105,143 SH   SOLE   105,143 0 0
Sumitomo Corporation COM 865613103   443,103 15,261 SH   SOLE   15,261 0 0
Taiwan Semiconductor Manufactu COM 874039100   12,030,975 43,077 SH   SOLE   43,077 0 0
Teck Resources Ltd. COM 878742204   1,053,492 24,003 SH   SOLE   24,003 0 0
Telefonaktiebolaget LM Ericsso COM 294821608   2,406,330 290,971 SH   SOLE   290,971 0 0
Tencent Holdings Ltd. Unsponso COM 88032Q109   7,344,509 86,189 SH   SOLE   86,189 0 0
TotalEnergies SE Sponsored ADR COM 89151E109   426,425 7,144 SH   SOLE   7,144 0 0
Toyota Motor Corp. COM 892331307   1,320,623 6,911 SH   SOLE   6,911 0 0
Trip.com Group Ltd. Sponsored COM 89677Q107   201,160 2,675 SH   SOLE   2,675 0 0
UBS Group AG COM H42097107   14,994,110 365,710 SH   SOLE   365,710 0 0
United Microelectronics Corp S COM 910873405   105,786 13,956 SH   SOLE   13,956 0 0
Yum China Holdings, Inc. COM 98850P109   1,468,293 34,210 SH   SOLE   34,210 0 0