Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Icon PLC	50,472	$13.22M	6.2%	$133.94	—	COM	g4705a100
—	Check Point Software Tech Ltd	93,888	$10.61M	5.0%	$106.61	—	COM	m22465104
SAP	Sap SE Sp ADR	72,079	$9.734M	4.6%	$83.37	—	ADR	803054204
—	Wipro Ltd Sp ADR 1 Sh	985,912	$8.706M	4.1%	$4.35	—	ADR	97651m109
INFY	Infosys Ltd Sp ADR	289,472	$6.441M	3.0%	$12.19	—	ADR	456788108
—	Alibaba Group Holding Ltd Sp A	37,143	$5.499M	2.6%	$150.74	—	ADR	01609w102
AAPL	Apple Inc	24,518	$3.469M	1.6%	$86.79	+65.8%	COM	037833100
TSM	Taiwan Semiconductor Mfg Ltd S	24,303	$2.713M	1.3%	$31.63	—	ADR	874039100
—	Alphabet Inc Cap Stock Cl A	944	$2.524M	1.2%	$1107.57	—	COM	02079k305
—	Zozo Inc Unsponsored ADR	319,445	$2.393M	1.1%	$5.70	—	ADR	98979y106
—	Facebook Inc Cl A	6,746	$2.289M	1.1%	$159.55	—	COM	30303m102
—	Recruit Holdings Co Ltd Unspon	176,575	$2.163M	1.0%	$8.74	—	ADR	75629j101
—	Accenture PLC Ireland Class A	6,754	$2.161M	1.0%	$113.29	—	COM	g1151c101
MSFT	Microsoft Corp	7,632	$2.152M	1.0%	$165.15	+70.0%	COM	594918104
RELX	Relx PLC Sp ADR	71,829	$2.073M	1.0%	$21.59	—	ADR	759530108
—	Headhunter Group PLC Sp ADS	41,453	$2.023M	0.9%	$18.79	—	ADR	42207l106
TM	Toyota Motor Corp Sp ADR 2	11,048	$1.964M	0.9%	$125.47	—	ADR	892331307
BIO	Bio Rad Laboratories Inc Cl A	2,604	$1.942M	0.9%	$367.68	+103.7%	COM	090572207
KLAC	Kla Corporation	5,790	$1.937M	0.9%	$220.47	+44.6%	COM	482480100
SHECY	Shin Etsu Chem Co Ltd ADR	44,560	$1.883M	0.9%	$33.59	—	ADR	824551105
—	Adobe Systems Inc	3,212	$1.849M	0.9%	$194.86	—	COM	00724f101
—	CGI Inc Cl A	21,723	$1.841M	0.9%	$70.10	—	COM	12532h104
—	CDW Corp	9,880	$1.798M	0.8%	$66.84	—	COM	12514g108
—	Aon Plc	6,292	$1.798M	0.8%	$165.05	—	COM	g0403h108
MCO	Moodys Corp	4,967	$1.764M	0.8%	$138.05	+163.1%	COM	615369105
—	Broadcom Ltd	3,587	$1.74M	0.8%	$318.60	—	COM	11135f101
OTEX	Open Text Corp	35,461	$1.728M	0.8%	$32.21	+42.5%	COM	683715106
NVO	Novo-Nordisk AS ADR	18,001	$1.728M	0.8%	$66.35	—	ADR	670100205
—	S&P Global Inc	4,064	$1.727M	0.8%	$157.66	—	COM	78409v104
—	ARCELORMITTAL SA LUXEMBOURG NY	56,753	$1.712M	0.8%	$30.17	—	COM	03938l203
HD	Home Depot Inc	5,172	$1.698M	0.8%	$171.59	+71.7%	COM	437076102
TXN	Texas Instruments Inc	8,812	$1.694M	0.8%	$66.66	+152.0%	COM	882508104
—	Petroleo Brasileiro SA Sp ADR	163,369	$1.689M	0.8%	$10.34	—	COM	71654v408
—	Mastercard Incorporated	4,842	$1.683M	0.8%	$114.07	—	COM	57636q104
—	Canadian Pacific Railway Ltd	25,274	$1.645M	0.8%	$110.73	—	COM	13645t100
MKTAY	Makita Corp Sp ADR	29,573	$1.633M	0.8%	$48.82	—	ADR	560877300
APH	Amphenol Corp New	22,257	$1.63M	0.8%	$22.38	+57.4%	COM	032095101
RY	Royal Bank of Canada Montreal	16,357	$1.627M	0.8%	$64.59	+57.8%	COM	780087102
MTD	Mettler Toledo International	1,167	$1.608M	0.8%	$1096.55	+37.3%	COM	592688105
—	A P Moller-Maersk AS Unsponsor	116,978	$1.584M	0.7%	$13.54	—	ADR	00202f102
SKBSY	Skanska Ab Sp ADR	61,365	$1.58M	0.7%	$26.39	—	ADR	830561205
—	Dell Technologies Inc Cl C	15,146	$1.576M	0.7%	$83.69	—	COM	24703l202
—	Price T Rowe Group Inc	8,002	$1.574M	0.7%	$197.93	—	COM	74144t108
—	Telus Corp	70,900	$1.557M	0.7%	$24.11	—	COM	87971m103
—	China Merchants Bank Co Ltd AD	38,925	$1.548M	0.7%	$42.34	—	ADR	16950t102
—	Edwards Lifesciences Corp	13,629	$1.543M	0.7%	$70.01	—	COM	28176e108
AVY	Avery Dennison Corp	7,444	$1.543M	0.7%	$110.79	+79.5%	COM	053611109
TMO	Thermo Fisher Scientific Inc	2,698	$1.542M	0.7%	$212.62	+155.1%	COM	883556102
AME	Ametek Inc	12,400	$1.538M	0.7%	$50.18	+160.0%	COM	031100100
—	Quest Diagnostics Inc	10,524	$1.529M	0.7%	$145.29	—	COM	74834l100
SNPS	Synopsys Inc	5,104	$1.528M	0.7%	$69.10	+339.3%	COM	871607107
—	Oracle Corp	17,387	$1.515M	0.7%	$42.79	—	COM	68389x105
—	Lam Research Corp	2,661	$1.515M	0.7%	$569.33	—	COM	512807108
NTDOY	Nintendo Ltd ADR	25,123	$1.489M	0.7%	$70.18	—	ADR	654445303
—	Veolia Environnement Sp ADR	46,757	$1.487M	0.7%	$22.13	—	ADR	92334n103
RVTY	PerkinElmer Inc	8,529	$1.478M	0.7%	$174.45	0.0%	COM	714046109
BRK/B	Berkshire Hathaway Inc Cl B	5,410	$1.477M	0.7%	$279.44	+0.5%	COM	084670702
MRSH	Marsh & McLennan Cos Inc	9,750	$1.476M	0.7%	$93.00	+52.3%	COM	571748102
—	Laboratory Corp America Holdin	5,199	$1.463M	0.7%	$161.74	—	COM	50540r409
—	AmerisourceBergen Corp	12,183	$1.455M	0.7%	$83.20	—	COM	03073e105
—	Monster Beverage Corp	16,362	$1.453M	0.7%	$62.69	—	COM	61174x109
LOW	Lowes Cos Inc	7,073	$1.435M	0.7%	$175.40	+4.7%	COM	548661107
—	Allegion Pub Ltd Co	10,695	$1.414M	0.7%	$90.55	—	COM	g0176j109
—	KKR & Co Inc Cl A	23,087	$1.406M	0.7%	$59.25	—	COM	48251w104
SHW	Sherwin Williams Co	5,014	$1.403M	0.7%	$224.50	+25.3%	COM	824348106
—	Nvr Inc	292	$1.401M	0.7%	$2988.87	—	COM	62944t105
—	McKesson Corp	6,997	$1.395M	0.7%	$155.61	—	COM	58155q103
TRMB	Trimble Inc	16,821	$1.384M	0.6%	$39.78	+120.8%	COM	896239100
BHP	BHP GROUP LTD	25,684	$1.375M	0.6%	$54.58	—	ADR	088606108
AMAT	Applied Materials Inc	10,636	$1.369M	0.6%	$130.59	0.0%	COM	038222105
—	GlaxoSmithKline PLC Sp ADR	35,722	$1.365M	0.6%	$38.34	—	ADR	37733w105
—	JBS SA Sp ADR	100,100	$1.359M	0.6%	$13.58	—	ADR	466110103
—	Trend Micro Inc Sp ADR	24,347	$1.358M	0.6%	$60.10	—	ADR	89486m206
—	Trane Technologies PLC	7,855	$1.356M	0.6%	$82.61	—	COM	g8994e103
SYK	Stryker Corp	5,085	$1.341M	0.6%	$89.33	+185.7%	COM	863667101
—	D R Horton Inc	15,939	$1.338M	0.6%	$68.93	—	COM	23331a109
—	Intuitive Surgical Inc	1,327	$1.319M	0.6%	$428.96	—	COM	46120e602
—	Unitedhealth Group Inc	3,359	$1.313M	0.6%	$207.27	—	COM	91324p102
—	Iqvia Holdings Inc	5,417	$1.298M	0.6%	$99.03	—	COM	46266c105
—	Logitech Intl SA	14,665	$1.293M	0.6%	$112.72	—	COM	h50430232
—	Visa Inc Cl A	5,731	$1.277M	0.6%	$105.74	—	COM	92826c839
EXPD	Expeditors Intl Wash Inc	10,639	$1.267M	0.6%	$118.76	0.0%	COM	302130109
—	Ansys Inc	3,723	$1.267M	0.6%	$178.57	—	COM	03662q105
UPS	United Parcel Service Inc	6,937	$1.263M	0.6%	$117.34	+38.7%	COM	911312106
—	Vedanta Ltd Sp ADR	81,601	$1.247M	0.6%	$15.28	—	ADR	92242y100
—	Comcast Corp New	22,200	$1.242M	0.6%	$44.47	—	COM	20030n101
—	Vonovia SE ADR	41,145	$1.233M	0.6%	$33.97	—	ADR	92887h107
—	Hp Inc	44,202	$1.209M	0.6%	$28.39	—	COM	40434l105
—	Novartis AG Sp ADR	14,538	$1.189M	0.6%	$94.85	—	ADR	66987v109
PHG	Koninklijke Philips NV NY Reg	26,185	$1.164M	0.5%	$38.72	—	ADR	500472303
—	Vale SA ADR	82,880	$1.156M	0.5%	$16.18	—	ADR	91912e105
ALL	Allstate Corp	9,050	$1.152M	0.5%	$98.09	+21.0%	COM	020002101
FTS	Fortis Inc	25,927	$1.149M	0.5%	$28.09	+36.1%	COM	349553107
RIO	Rio Tinto PLC Sp ADR	17,184	$1.148M	0.5%	$59.52	—	COM	767204100
MAS	Masco Corp	20,180	$1.121M	0.5%	$51.02	+7.1%	COM	574599106
CIG	Cia Energetica de Minas Gerais	442,147	$1.114M	0.5%	$2.52	—	ADR	204409601
—	Biontech SE Sp ADS	3,923	$1.071M	0.5%	$273.01	—	ADR	09075v102
—	Verisign Inc	5,216	$1.069M	0.5%	$193.26	—	COM	92343e102
—	Companhia Paranaense Energy Co	157,277	$1.027M	0.5%	$5.87	—	COM	20441b605
JNJ	Johnson & Johnson	6,292	$1.016M	0.5%	$88.73	+69.3%	COM	478160104
GD	General Dynamics Corp	5,105	$1.001M	0.5%	$106.60	+67.5%	COM	369550108
—	iShares MSCI China A	22,179	$944K	0.4%	$42.08	—	ETF	46434v514
—	Sirius XM Holdings Inc	149,949	$915K	0.4%	$5.56	—	COM	82968b103
—	Inmode Ltd	5,616	$895K	0.4%	$28.34	—	COM	m5425m103
WU	Western Un Co	43,963	$889K	0.4%	$26.78	—	COM	959802109
CTSH	Cognizant Technology Solutions	10,813	$802K	0.4%	$70.57	-2.5%	COM	192446102
AMGN	Amgen Inc	3,745	$796K	0.4%	$151.44	+32.2%	COM	031162100
—	Ferguson PLC	4,717	$658K	0.3%	$120.09	—	ADR	g3421j106
—	Companhia Siderurgica Nacional	123,776	$651K	0.3%	$8.31	—	ADR	20440w105
SGIOY	Shionogi & Co Ltd Unsponsored	37,000	$633K	0.3%	$13.51	—	ADR	824667109
JAPAY	Japan Tobacco Inc Unsponsord A	62,000	$611K	0.3%	$9.85	—	ADR	471105205
—	Anglo American PLC Sp ADR	31,117	$553K	0.3%	$17.77	—	ADR	03485p300
—	Daikin Industries Ltd Unsponso	24,950	$546K	0.3%	$20.20	—	ADR	23381b106
—	Auto Trader Group PLC Unsponso	254,500	$506K	0.2%	$2.02	—	ADR	05277e104
—	Constellium SE Cl A	24,730	$464K	0.2%	$18.76	—	COM	f21107101
BIDU	Baidu Inc Sp ADR A	2,039	$313K	0.1%	$217.55	—	ADR	056752108
—	Mobile Telesystems PJSC Sp ADR	29,063	$280K	0.1%	$9.27	—	ADR	607409109
—	Yum China Holdings Inc	4,520	$263K	0.1%	$58.19	—	COM	98850p109
AMZN	Amazon.com Inc	64	$210K	0.1%	$166.20	+3.8%	COM	023135106
PM	Philip Morris Intl Inc	2,154	$204K	0.1%	$81.05	0.0%	COM	718172109