Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SAP	Sap SE Sp ADR	100,419	$14.06M	7.6%	$80.79	—	ADR	803054204
—	Icon PLC	76,189	$12.84M	6.9%	$132.09	—	COM	g4705a100
—	Check Point Software Tech Ltd	113,375	$12.18M	6.6%	$106.53	—	COM	m22465104
—	Alibaba Group Holding Ltd Sp A	42,121	$9.085M	4.9%	$126.75	—	ADR	01609w102
TM	Toyota Motor Corp Sp ADR 2	30,802	$3.87M	2.1%	$120.94	—	ADR	892331307
—	Mobile Telesystems PJSC Sp ADR	409,414	$3.763M	2.0%	$9.27	—	ADR	607409109
AAPL	Apple Inc	9,732	$3.55M	1.9%	$33.43	+124.6%	COM	037833100
TSM	Taiwan Semiconductor Mfg Ltd S	51,160	$2.904M	1.6%	$27.28	—	ADR	874039100
INFY	Infosys Ltd Sp ADR	277,946	$2.685M	1.5%	$9.66	—	ADR	456788108
—	Mastercard Incorporated	8,526	$2.521M	1.4%	$114.07	—	COM	57636q104
—	Visa Inc Cl A	12,733	$2.46M	1.3%	$105.74	—	COM	92826c839
—	Alphabet Inc Cap Stock Cl A	1,714	$2.431M	1.3%	$1107.57	—	COM	02079k305
—	Adobe Systems Inc	5,168	$2.25M	1.2%	$177.30	—	COM	00724f101
MSFT	Microsoft Corp	11,033	$2.245M	1.2%	$158.03	+9.5%	COM	594918104
MCO	Moodys Corp	8,072	$2.217M	1.2%	$138.05	+75.6%	COM	615369105
—	Facebook Inc Cl A	9,684	$2.199M	1.2%	$151.65	—	COM	30303m102
—	Accenture PLC Ireland Class A	9,925	$2.131M	1.2%	$113.29	—	COM	g1151c101
—	Ihs Markit Ltd	28,193	$2.129M	1.2%	$48.77	—	COM	g47567105
—	S&P Global Inc	6,460	$2.129M	1.2%	$137.69	—	COM	78409v104
—	Verisk Analytics Inc	12,312	$2.096M	1.1%	$88.04	—	COM	92345y106
—	Unitedhealth Group Inc	7,052	$2.08M	1.1%	$201.24	—	COM	91324p102
—	Monster Beverage Corp	29,499	$2.045M	1.1%	$58.67	—	COM	61174x109
—	Aon Plc	10,052	$1.936M	1.0%	$165.05	—	COM	g0403h108
TMO	Thermo Fisher Scientific Inc	5,122	$1.856M	1.0%	$172.27	+91.7%	COM	883556102
HD	Home Depot Inc	7,280	$1.824M	1.0%	$166.67	+19.8%	COM	437076102
ROP	Roper Technologies Inc	4,455	$1.73M	0.9%	$194.28	+78.4%	COM	776696106
INTC	Intel Corp	27,976	$1.674M	0.9%	$44.32	+20.0%	COM	458140100
ALL	Allstate Corp	17,179	$1.666M	0.9%	$94.25	-9.1%	COM	020002101
—	Kirkland Lake Gold Ltd	39,394	$1.625M	0.9%	$43.16	—	COM	49741e100
—	CGI Inc Cl A	25,683	$1.618M	0.9%	$68.76	—	COM	12532h104
RELX	Relx PLC Sp ADR	68,333	$1.61M	0.9%	$20.93	—	ADR	759530108
—	AmerisourceBergen Corp	15,772	$1.589M	0.9%	$83.20	—	COM	03073e105
—	AT&T Inc	49,750	$1.504M	0.8%	$37.40	—	COM	00206r102
—	Headhunter Group PLC Sp ADS	64,132	$1.499M	0.8%	$15.97	—	ADR	42207l106
—	Verisign Inc	7,064	$1.461M	0.8%	$193.26	—	COM	92343e102
—	Oracle Corp	26,345	$1.456M	0.8%	$42.79	—	COM	68389x105
TXN	Texas Instruments Inc	11,305	$1.435M	0.8%	$63.22	+57.4%	COM	882508104
OTEX	Open Text Corp	33,429	$1.42M	0.8%	$30.74	+11.2%	COM	683715106
—	Ansys Inc	4,773	$1.392M	0.8%	$178.57	—	COM	03662q105
—	Ameriprise Financial Inc	9,109	$1.367M	0.7%	$150.07	—	COM	03076c106
MRSH	Marsh & McLennan Cos Inc	12,586	$1.351M	0.7%	$93.00	0.0%	COM	571748102
—	Broadcom Ltd	4,240	$1.338M	0.7%	$264.67	—	COM	11135f101
BIO	Bio Rad Laboratories Inc Cl A	2,963	$1.338M	0.7%	$367.68	+20.0%	COM	090572207
SNPS	Synopsys Inc	6,617	$1.29M	0.7%	$52.86	+212.2%	COM	871607107
—	B2Gold Corp	226,000	$1.286M	0.7%	$5.69	—	COM	11777q209
—	Wipro Ltd Sp ADR 1 Sh	388,115	$1.285M	0.7%	$3.31	—	ADR	97651m109
—	Canadian Pacific Railway Ltd	4,933	$1.26M	0.7%	$255.42	—	COM	13645t100
PEG	Public Service Enterprise Grou	25,578	$1.257M	0.7%	$39.27	+4.7%	COM	744573106
BHP	BHP GROUP LTD	25,124	$1.249M	0.7%	$54.68	—	ADR	088606108
—	Legal & Gen Group PLC Sp ADR	90,848	$1.247M	0.7%	$15.24	—	ADR	52463h103
—	Novartis AG Sp ADR	14,132	$1.234M	0.7%	$96.13	—	ADR	66987v109
—	CDW Corp	10,606	$1.232M	0.7%	$66.84	—	COM	12514g108
APH	Amphenol Corp New	12,627	$1.21M	0.7%	$13.67	+54.9%	COM	032095101
—	Comcast Corp New	30,842	$1.202M	0.6%	$43.44	—	COM	20030n101
TRMB	Trimble Inc	27,833	$1.202M	0.6%	$39.78	-5.7%	COM	896239100
SHW	Sherwin Williams Co	2,076	$1.2M	0.6%	$138.64	+23.8%	COM	824348106
AME	Ametek Inc	13,417	$1.199M	0.6%	$50.18	+61.0%	COM	031100100
—	Edwards Lifesciences Corp	17,258	$1.193M	0.6%	$69.13	—	COM	28176e108
—	Allegion Pub Ltd Co	11,535	$1.179M	0.6%	$90.55	—	COM	g0176j109
ADI	Analog Devices Inc	9,549	$1.171M	0.6%	$82.25	+20.8%	COM	032654105
PHG	Koninklijke Philips NV NY Reg	24,962	$1.169M	0.6%	$37.99	—	ADR	500472303
NVO	Novo-Nordisk AS ADR	17,716	$1.16M	0.6%	$63.73	—	ADR	670100205
—	Sirius XM Holdings Inc	197,202	$1.158M	0.6%	$5.56	—	COM	82968b103
—	McKesson Corp	7,507	$1.152M	0.6%	$153.46	—	COM	58155q103
MGA	Magna Intl Inc	25,255	$1.125M	0.6%	$44.52	-25.9%	COM	559222401
—	Telus Corp	66,611	$1.117M	0.6%	$24.56	—	COM	87971m103
—	Iqvia Holdings Inc	7,732	$1.097M	0.6%	$97.90	—	COM	46266c105
—	Smith & Nephew PLC Sp ADR	28,618	$1.091M	0.6%	$38.12	—	ADR	83175m205
AMGN	Amgen Inc	4,605	$1.086M	0.6%	$149.56	+28.2%	COM	031162100
—	AerCap Holdings NV	35,141	$1.082M	0.6%	$52.46	—	COM	n00985106
RY	Royal Bank of Canada Montreal	15,777	$1.07M	0.6%	$62.01	+2.6%	COM	780087102
HON	Honeywell Intl Inc	7,363	$1.065M	0.6%	$78.23	+50.7%	COM	438516106
—	Intuitive Surgical Inc	1,863	$1.062M	0.6%	$412.82	—	COM	46120e602
—	Veolia Environnement Sp ADR	45,662	$1.03M	0.6%	$21.21	—	ADR	92334n103
JNJ	Johnson & Johnson	7,314	$1.029M	0.6%	$79.59	+56.1%	COM	478160104
RTO	Rentokil Initial PLC Sp ADR	31,600	$1.024M	0.6%	$29.12	—	ADR	760125104
—	Nvr Inc	313	$1.019M	0.6%	$2971.14	—	COM	62944t105
WU	Western Un Co	46,866	$1.013M	0.5%	$26.78	—	COM	959802109
ALIZY	Allianz SE Unsponsrd ADS	49,220	$1.01M	0.5%	$16.96	—	ADR	018820100
—	Booking Holdings Inc	634	$1.009M	0.5%	$1801.17	—	COM	09857l108
—	Gazprom PJSC Sp ADR	184,400	$999K	0.5%	$4.56	—	ADR	368287207
SYK	Stryker Corp	5,469	$985K	0.5%	$89.33	+94.4%	COM	863667101
ORANY	Orange Sp ADR	82,090	$977K	0.5%	$15.57	—	ADR	684060106
FTS	Fortis Inc	25,260	$962K	0.5%	$27.08	+13.5%	COM	349553107
—	Cbre Group Inc	21,084	$953K	0.5%	$52.99	—	COM	12504l109
AXP	American Express Co	9,787	$932K	0.5%	$97.96	-12.6%	COM	025816109
—	Laboratory Corp America Holdin	5,567	$925K	0.5%	$161.74	—	COM	50540r409
AVY	Avery Dennison Corp	7,990	$912K	0.5%	$110.79	-9.9%	COM	053611109
—	Raytheon Technologies Corp	14,758	$909K	0.5%	$61.59	—	COM	75513e101
RIO	Rio Tinto PLC Sp ADR	15,924	$895K	0.5%	$57.90	—	COM	767204100
GD	General Dynamics Corp	5,815	$869K	0.5%	$99.33	+25.1%	COM	369550108
CM	Canadian Imperial Bank Comm To	12,902	$864K	0.5%	$28.16	-14.3%	COM	136069101
—	Anglo American PLC Sp ADR	67,103	$791K	0.4%	$8.84	—	ADR	03485p300
—	Trane Technologies PLC	8,425	$750K	0.4%	$82.61	—	COM	g8994e103
CTSH	Cognizant Technology Solutions	11,311	$643K	0.3%	$70.61	-30.2%	COM	192446102
—	Otis Worldwide Corp	7,563	$430K	0.2%	$56.86	—	COM	68902v107
—	Inmode Ltd	15,031	$426K	0.2%	$28.34	—	COM	m5425m103
—	GlaxoSmithKline PLC Sp ADR	8,918	$364K	0.2%	$40.82	—	ADR	37733w105
—	CNOOC Ltd Sp ADR	2,371	$267K	0.1%	$170.45	—	COM	126132109
—	Exelon Corp	7,046	$256K	0.1%	$36.79	—	COM	30161n101
—	Biogen Inc	845	$226K	0.1%	$315.79	—	COM	09062x103
AMZN	Amazon.com Inc	81	$223K	0.1%	$120.78	0.0%	COM	023135106
ELV	Anthem Inc	766	$202K	0.1%	$247.08	0.0%	COM	036752103
—	Grupo Aval Acciones Y Valores	45,100	$197K	0.1%	$7.46	—	ADR	40053w101