Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Alibaba Group Holding Ltd Sp A	48,427	$14.24M	6.8%	$148.53	—	ADR	01609w102
SAP	Sap SE Sp ADR	82,424	$12.84M	6.2%	$80.79	—	ADR	803054204
—	Icon PLC	60,800	$11.62M	5.6%	$132.09	—	COM	g4705a100
—	Check Point Software Tech Ltd	93,547	$11.26M	5.4%	$106.53	—	COM	m22465104
—	Wipro Ltd Sp ADR 1 Sh	1,527,072	$7.177M	3.4%	$4.35	—	ADR	97651m109
—	Netease Inc Sp ADR	14,464	$6.576M	3.2%	$454.65	—	ADR	64110w102
RDY	Dr Reddys Laboratories Ltd ADR	73,256	$5.096M	2.4%	$69.56	—	ADR	256135203
AAPL	Apple Inc	36,820	$4.264M	2.0%	$86.79	+22.1%	COM	037833100
TSM	Taiwan Semiconductor Mfg Ltd S	36,930	$2.994M	1.4%	$27.28	—	ADR	874039100
INFY	Infosys Ltd Sp ADR	203,283	$2.807M	1.3%	$9.66	—	ADR	456788108
—	Mastercard Incorporated	7,676	$2.596M	1.2%	$114.07	—	COM	57636q104
—	Facebook Inc Cl A	9,882	$2.588M	1.2%	$153.86	—	COM	30303m102
TMO	Thermo Fisher Scientific Inc	5,673	$2.505M	1.2%	$195.11	+108.8%	COM	883556102
—	Adobe Systems Inc	4,920	$2.413M	1.2%	$177.30	—	COM	00724f101
—	Alphabet Inc Cap Stock Cl A	1,646	$2.412M	1.2%	$1107.57	—	COM	02079k305
—	S&P Global Inc	6,554	$2.363M	1.1%	$140.89	—	COM	78409v104
—	Visa Inc Cl A	11,681	$2.336M	1.1%	$105.74	—	COM	92826c839
—	Unitedhealth Group Inc	7,459	$2.326M	1.1%	$207.27	—	COM	91324p102
—	Verisk Analytics Inc	11,748	$2.177M	1.0%	$88.04	—	COM	92345y106
—	Accenture PLC Ireland Class A	9,386	$2.121M	1.0%	$113.29	—	COM	g1151c101
—	Monster Beverage Corp	26,411	$2.118M	1.0%	$58.67	—	COM	61174x109
—	Ihs Markit Ltd	26,935	$2.115M	1.0%	$48.77	—	COM	g47567105
MSFT	Microsoft Corp	9,977	$2.099M	1.0%	$158.03	+27.0%	COM	594918104
MCO	Moodys Corp	6,821	$1.977M	1.0%	$138.05	+97.7%	COM	615369105
—	Aon Plc	9,533	$1.967M	0.9%	$165.05	—	COM	g0403h108
HD	Home Depot Inc	6,903	$1.917M	0.9%	$166.67	+42.6%	COM	437076102
NTDOY	Nintendo Ltd ADR	23,423	$1.661M	0.8%	$70.91	—	ADR	654445303
RELX	Relx PLC Sp ADR	70,265	$1.572M	0.8%	$20.97	—	ADR	759530108
—	Headhunter Group PLC Sp ADS	64,143	$1.57M	0.8%	$15.97	—	ADR	42207l106
TXN	Texas Instruments Inc	10,651	$1.521M	0.7%	$63.22	+84.8%	COM	882508104
—	B2Gold Corp	233,271	$1.521M	0.7%	$5.72	—	COM	11777q209
—	Canadian Pacific Railway Ltd	4,934	$1.502M	0.7%	$255.42	—	COM	13645t100
—	Ameriprise Financial Inc	9,466	$1.459M	0.7%	$150.22	—	COM	03076c106
OTEX	Open Text Corp	34,529	$1.458M	0.7%	$30.97	+22.2%	COM	683715106
OMRNY	Omron Corp Sp ADR	18,500	$1.445M	0.7%	$78.11	—	ADR	682151303
TM	Toyota Motor Corp Sp ADR 2	10,872	$1.44M	0.7%	$120.94	—	ADR	892331307
—	Broadcom Ltd	3,946	$1.438M	0.7%	$264.67	—	COM	11135f101
—	CGI Inc Cl A	21,187	$1.436M	0.7%	$68.76	—	COM	12532h104
—	Oracle Corp	24,037	$1.435M	0.7%	$42.79	—	COM	68389x105
ROP	Roper Technologies Inc	3,621	$1.431M	0.7%	$194.28	+107.3%	COM	776696106
—	AmerisourceBergen Corp	14,754	$1.43M	0.7%	$83.20	—	COM	03073e105
SHECY	Shin Etsu Chem Co Ltd ADR	43,200	$1.416M	0.7%	$32.78	—	ADR	824551105
MKTAY	Makita Corp Sp ADR	28,819	$1.389M	0.7%	$48.20	—	ADR	560877300
—	Verisign Inc	6,676	$1.368M	0.7%	$193.26	—	COM	92343e102
—	Vonovia SE ADR	39,800	$1.367M	0.7%	$34.35	—	ADR	92887h107
—	Trend Micro Inc Sp ADR	22,314	$1.364M	0.7%	$61.13	—	ADR	89486m206
—	Ansys Inc	4,165	$1.363M	0.7%	$178.57	—	COM	03662q105
BIO	Bio Rad Laboratories Inc Cl A	2,607	$1.344M	0.6%	$367.68	+37.8%	COM	090572207
SHW	Sherwin Williams Co	1,923	$1.34M	0.6%	$138.64	+50.2%	COM	824348106
—	Comcast Corp New	28,943	$1.339M	0.6%	$43.44	—	COM	20030n101
GMAB	Genmab AS Sp ADS	36,452	$1.334M	0.6%	$36.60	—	ADR	372303206
PEG	Public Service Enterprise Grou	24,188	$1.328M	0.6%	$39.27	+12.3%	COM	744573106
SNPS	Synopsys Inc	6,113	$1.308M	0.6%	$52.86	+285.2%	COM	871607107
BHP	BHP GROUP LTD	25,124	$1.299M	0.6%	$54.68	—	ADR	088606108
—	Kirkland Lake Gold Ltd	26,386	$1.286M	0.6%	$43.16	—	COM	49741e100
APH	Amphenol Corp New	11,688	$1.265M	0.6%	$13.67	+83.3%	COM	032095101
TRMB	Trimble Inc	25,733	$1.253M	0.6%	$39.78	+20.1%	COM	896239100
MRSH	Marsh & McLennan Cos Inc	10,834	$1.243M	0.6%	$93.00	+13.6%	COM	571748102
NVO	Novo-Nordisk AS ADR	17,727	$1.231M	0.6%	$63.73	—	ADR	670100205
—	Novartis AG Sp ADR	14,132	$1.229M	0.6%	$96.13	—	ADR	66987v109
AME	Ametek Inc	12,300	$1.223M	0.6%	$50.18	+86.0%	COM	031100100
—	Intuitive Surgical Inc	1,724	$1.223M	0.6%	$412.82	—	COM	46120e602
—	Telus Corp	69,115	$1.217M	0.6%	$24.31	—	COM	87971m103
PHG	Koninklijke Philips NV NY Reg	25,467	$1.201M	0.6%	$38.17	—	ADR	500472303
—	Nvr Inc	290	$1.183M	0.6%	$2971.14	—	COM	62944t105
—	CDW Corp	9,798	$1.171M	0.6%	$66.84	—	COM	12514g108
RTO	Rentokil Initial PLC Sp ADR	33,100	$1.155M	0.6%	$29.38	—	ADR	760125104
UPS	United Parcel Service Inc	6,901	$1.15M	0.6%	$117.34	0.0%	COM	911312106
INTC	Intel Corp	22,145	$1.147M	0.6%	$44.32	+5.0%	COM	458140100
RY	Royal Bank of Canada Montreal	16,219	$1.138M	0.5%	$62.28	+15.4%	COM	780087102
—	Iqvia Holdings Inc	7,147	$1.127M	0.5%	$97.90	—	COM	46266c105
—	GlaxoSmithKline PLC Sp ADR	29,418	$1.107M	0.5%	$38.60	—	ADR	37733w105
MAS	Masco Corp	19,984	$1.102M	0.5%	$51.02	0.0%	COM	574599106
ALL	Allstate Corp	11,549	$1.087M	0.5%	$94.25	-13.2%	COM	020002101
JNJ	Johnson & Johnson	7,150	$1.064M	0.5%	$79.59	+59.6%	COM	478160104
—	Edwards Lifesciences Corp	13,245	$1.057M	0.5%	$69.13	—	COM	28176e108
SYK	Stryker Corp	5,049	$1.052M	0.5%	$89.33	+105.6%	COM	863667101
—	Allegion Pub Ltd Co	10,636	$1.052M	0.5%	$90.55	—	COM	g0176j109
—	TIM Participacoes SA Sp ADR	90,859	$1.048M	0.5%	$11.53	—	ADR	88706p205
AMGN	Amgen Inc	4,106	$1.044M	0.5%	$149.56	+40.1%	COM	031162100
—	McKesson Corp	6,937	$1.033M	0.5%	$153.46	—	COM	58155q103
FTS	Fortis Inc	25,260	$1.032M	0.5%	$27.08	+19.9%	COM	349553107
ADI	Analog Devices Inc	8,819	$1.03M	0.5%	$82.25	+29.4%	COM	032654105
—	Sirius XM Holdings Inc	185,250	$993K	0.5%	$5.56	—	COM	82968b103
—	Veolia Environnement Sp ADR	45,662	$990K	0.5%	$21.21	—	ADR	92334n103
—	Laboratory Corp America Holdin	5,147	$969K	0.5%	$161.74	—	COM	50540r409
RIO	Rio Tinto PLC Sp ADR	15,915	$961K	0.5%	$57.90	—	COM	767204100
AVY	Avery Dennison Corp	7,379	$943K	0.5%	$110.79	-2.7%	COM	053611109
—	Trane Technologies PLC	7,780	$943K	0.5%	$82.61	—	COM	g8994e103
ALIZY	Allianz SE Unsponsrd ADS	49,220	$943K	0.5%	$16.96	—	ADR	018820100
WU	Western Un Co	43,469	$932K	0.4%	$26.78	—	COM	959802109
HON	Honeywell Intl Inc	5,606	$923K	0.4%	$78.23	+70.3%	COM	438516106
—	Cbre Group Inc	19,538	$918K	0.4%	$52.99	—	COM	12504l109
AXP	American Express Co	9,045	$907K	0.4%	$97.96	-6.2%	COM	025816109
—	Booking Holdings Inc	505	$864K	0.4%	$1801.17	—	COM	09857l108
ORANY	Orange Sp ADR	82,090	$852K	0.4%	$15.57	—	ADR	684060106
—	AT&T Inc	29,115	$830K	0.4%	$37.40	—	COM	00206r102
—	Anglo American PLC Sp ADR	67,103	$811K	0.4%	$8.84	—	ADR	03485p300
CTSH	Cognizant Technology Solutions	10,401	$722K	0.3%	$70.61	-15.1%	COM	192446102
GD	General Dynamics Corp	5,105	$707K	0.3%	$99.33	+31.9%	COM	369550108
—	Raytheon Technologies Corp	11,227	$646K	0.3%	$61.59	—	COM	75513e101
—	AerCap Holdings NV	23,532	$593K	0.3%	$52.46	—	COM	n00985106
—	Otis Worldwide Corp	8,353	$521K	0.3%	$57.38	—	COM	68902v107
LMT	Lockheed Martin Corp	1,150	$441K	0.2%	$329.03	0.0%	COM	539830109
—	Inmode Ltd	12,166	$440K	0.2%	$28.34	—	COM	m5425m103
AMZN	Amazon.com Inc	123	$387K	0.2%	$133.37	+18.2%	COM	023135106
HUM	Humana Inc	866	$358K	0.2%	$383.05	0.0%	COM	444859102
—	Vertex Pharmaceuticals Inc	1,070	$291K	0.1%	$271.96	—	COM	92532f100
ADM	Archer Daniels Midland Co	5,767	$268K	0.1%	$37.61	0.0%	COM	039483102
ELV	Anthem Inc	963	$259K	0.1%	$247.68	+0.9%	COM	036752103
—	Mobile Telesystems PJSC Sp ADR	29,088	$254K	0.1%	$9.27	—	ADR	607409109
—	Biogen Inc	845	$240K	0.1%	$315.79	—	COM	09062x103
—	Regeneron Pharmaceuticals	402	$225K	0.1%	$559.70	—	COM	75886f107
—	Auto Trader Group PLC Unsponso	25,000	$46,000	0.0%	$1.84	—	ADR	05277e104