Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Check Point Software Tech Ltd	65,072	$8.997M	4.6%	$106.61	—	COM	m22465104
INFY	Infosys Ltd Sp ADR	270,954	$6.744M	3.5%	$12.19	—	ADR	456788108
—	Wipro Ltd Sp ADR 1 Sh	859,273	$6.625M	3.4%	$4.35	—	ADR	97651m109
SAP	Sap SE Sp ADR	59,346	$6.585M	3.4%	$83.37	—	ADR	803054204
AAPL	Apple Inc	21,726	$3.794M	1.9%	$86.79	+89.9%	COM	037833100
—	Alibaba Group Holding Ltd Sp A	32,860	$3.575M	1.8%	$150.74	—	ADR	01609w102
TSM	Taiwan Semiconductor Mfg Ltd S	25,800	$2.69M	1.4%	$36.70	—	ADR	874039100
—	Petroleo Brasileiro SA Sp ADR	160,706	$2.378M	1.2%	$10.34	—	COM	71654v408
—	Alphabet Inc Cap Stock Cl A	832	$2.313M	1.2%	$1107.57	—	COM	02079k305
MSFT	Microsoft Corp	7,365	$2.271M	1.2%	$182.33	+59.8%	COM	594918104
RELX	Relx PLC Sp ADR	70,981	$2.208M	1.1%	$21.59	—	ADR	759530108
—	Icon PLC	8,483	$2.063M	1.1%	$133.94	—	COM	g4705a100
KLAC	Kla Corporation	5,622	$2.058M	1.1%	$220.47	+62.8%	COM	482480100
—	Canadian Pacific Railway Ltd	24,841	$2.05M	1.0%	$110.73	—	COM	13645t100
NVO	Novo-Nordisk AS ADR	17,723	$1.968M	1.0%	$66.35	—	ADR	670100205
TM	Toyota Motor Corp Sp ADR 2	10,855	$1.957M	1.0%	$125.47	—	ADR	892331307
BHP	BHP GROUP LTD	25,272	$1.952M	1.0%	$54.58	—	ADR	088606108
STLD	Steel Dynamics Inc	23,364	$1.949M	1.0%	$63.45	0.0%	COM	858119100
—	Alimentation Couche-Tard Inc C	41,897	$1.899M	1.0%	$41.91	—	COM	01626p304
NUE	Nucor Corp	12,762	$1.897M	1.0%	$102.52	+12.7%	COM	670346105
—	AmerisourceBergen Corp	12,183	$1.885M	1.0%	$83.20	—	COM	03073e105
—	Telus Corp	69,831	$1.825M	0.9%	$24.11	—	COM	87971m103
TOELY	Tokyo Electron Ltd ADR	13,974	$1.795M	0.9%	$138.50	—	ADR	889110102
—	ARCELORMITTAL SA LUXEMBOURG NY	55,903	$1.789M	0.9%	$30.17	—	COM	03938l203
RY	Royal Bank of Canada Montreal	16,085	$1.774M	0.9%	$64.59	+73.6%	COM	780087102
—	CDW Corp	9,877	$1.767M	0.9%	$66.84	—	COM	12514g108
—	Vivendi SE Unsponsord ADR	134,750	$1.749M	0.9%	$13.48	—	ADR	92852t201
—	Pt Bank Central Asia Tbk Unspo	124,790	$1.736M	0.9%	$13.31	—	ADR	69368g105
—	A P Moller-Maersk AS Unsponsor	115,412	$1.732M	0.9%	$13.54	—	ADR	00202f102
—	McKesson Corp	5,607	$1.716M	0.9%	$155.61	—	COM	58155q103
—	CGI Inc Cl A	21,370	$1.706M	0.9%	$70.10	—	COM	12532h104
BRK/B	Berkshire Hathaway Inc Cl B	4,822	$1.702M	0.9%	$279.44	+15.8%	COM	084670702
SNPS	Synopsys Inc	5,108	$1.702M	0.9%	$69.10	+351.7%	COM	871607107
MRSH	Marsh & McLennan Cos Inc	9,772	$1.665M	0.9%	$93.00	+59.8%	COM	571748102
SHECY	Shin Etsu Chem Co Ltd ADR	43,890	$1.665M	0.9%	$33.59	—	ADR	824551105
AME	Ametek Inc	12,400	$1.651M	0.8%	$50.18	+160.9%	COM	031100100
—	Unitedhealth Group Inc	3,216	$1.64M	0.8%	$213.54	—	COM	91324p102
—	Vale SA ADR	81,452	$1.628M	0.8%	$16.18	—	ADR	91912e105
—	Accenture PLC Ireland Class A	4,785	$1.614M	0.8%	$113.29	—	COM	g1151c101
MCO	Moodys Corp	4,752	$1.603M	0.8%	$138.05	+135.6%	COM	615369105
MTD	Mettler Toledo International	1,168	$1.603M	0.8%	$1096.55	+31.6%	COM	592688105
—	Ferguson PLC	11,872	$1.592M	0.8%	$155.68	—	ADR	g3421j106
—	Zozo Inc Unsponsored ADR	295,270	$1.581M	0.8%	$5.70	—	ADR	98979y106
—	Edwards Lifesciences Corp	13,379	$1.575M	0.8%	$71.08	—	COM	28176e108
—	S&P Global Inc	3,840	$1.575M	0.8%	$157.66	—	COM	78409v104
—	Auto Trader Group PLC Unsponso	753,100	$1.566M	0.8%	$2.06	—	ADR	05277e104
SGIOY	Shionogi & Co Ltd Unsponsored	101,696	$1.562M	0.8%	$16.15	—	ADR	824667109
NTDOY	Nintendo Ltd ADR	24,794	$1.56M	0.8%	$70.18	—	ADR	654445303
—	JBS SA Sp ADR	97,870	$1.559M	0.8%	$13.58	—	ADR	466110103
—	Broadcom Ltd	2,450	$1.542M	0.8%	$318.60	—	COM	11135f101
—	GlaxoSmithKline PLC Sp ADR	35,213	$1.534M	0.8%	$38.34	—	ADR	37733w105
UPS	United Parcel Service Inc	6,937	$1.488M	0.8%	$117.34	+51.0%	COM	911312106
RVTY	PerkinElmer Inc	8,527	$1.488M	0.8%	$174.45	+0.9%	COM	714046109
—	China Merchants Bank Co Ltd AD	38,335	$1.487M	0.8%	$42.34	—	ADR	16950t102
OTEX	Open Text Corp	34,961	$1.482M	0.8%	$32.21	+22.5%	COM	683715106
—	Veolia Environnement Sp ADR	46,106	$1.474M	0.8%	$22.13	—	ADR	92334n103
—	Hp Inc	40,103	$1.456M	0.7%	$28.39	—	COM	40434l105
TXN	Texas Instruments Inc	7,918	$1.453M	0.7%	$66.66	+136.0%	COM	882508104
—	Quest Diagnostics Inc	10,522	$1.44M	0.7%	$145.29	—	COM	74834l100
—	Aon Plc	4,350	$1.416M	0.7%	$165.05	—	COM	g0403h108
—	Trend Micro Inc Sp ADR	24,158	$1.413M	0.7%	$60.10	—	ADR	89486m206
HD	Home Depot Inc	4,704	$1.408M	0.7%	$171.59	+83.0%	COM	437076102
—	Cisco Systems Inc	25,147	$1.402M	0.7%	$63.37	—	COM	17275r102
CIG	Cia Energetica de Minas Gerais	432,161	$1.392M	0.7%	$2.52	—	ADR	204409601
IT	Gartner Inc	4,657	$1.385M	0.7%	$289.54	0.0%	COM	366651107
—	Adobe Systems Inc	3,027	$1.379M	0.7%	$194.86	—	COM	00724f101
APH	Amphenol Corp New	18,256	$1.376M	0.7%	$22.38	+66.8%	COM	032095101
AMAT	Applied Materials Inc	10,407	$1.372M	0.7%	$130.59	+1.7%	COM	038222105
—	Oracle Corp	16,557	$1.37M	0.7%	$42.79	—	COM	68389x105
—	Laboratory Corp America Holdin	5,198	$1.37M	0.7%	$161.74	—	COM	50540r409
—	Lam Research Corp	2,545	$1.368M	0.7%	$569.33	—	COM	512807108
EONGY	E On SE Sp ADR	118,028	$1.368M	0.7%	$11.59	—	ADR	268780103
—	Facebook Inc Cl A	6,135	$1.364M	0.7%	$159.55	—	COM	30303m102
—	Mastercard Incorporated	3,809	$1.361M	0.7%	$114.07	—	COM	57636q104
RIO	Rio Tinto PLC Sp ADR	16,911	$1.36M	0.7%	$59.52	—	COM	767204100
SYK	Stryker Corp	5,085	$1.359M	0.7%	$89.33	+177.9%	COM	863667101
LOW	Lowes Cos Inc	6,722	$1.359M	0.7%	$175.40	+21.6%	COM	548661107
SKBSY	Skanska Ab Sp ADR	60,395	$1.353M	0.7%	$26.39	—	ADR	830561205
—	KKR & Co Inc Cl A	23,084	$1.35M	0.7%	$59.25	—	COM	48251w104
—	Regeneron Pharmaceuticals	1,906	$1.331M	0.7%	$698.32	—	COM	75886f107
—	Stellantis NV	81,660	$1.329M	0.7%	$16.27	—	COM	n82405106
AXP	American Express Co	7,011	$1.311M	0.7%	$171.78	0.0%	COM	025816109
—	Nvr Inc	292	$1.305M	0.7%	$2988.87	—	COM	62944t105
CL	Colgate Palmolive Co	17,038	$1.292M	0.7%	$72.33	0.0%	COM	194162103
ARW	Arrow Electronics Inc	10,639	$1.262M	0.6%	$125.27	0.0%	COM	042735100
FTS	Fortis Inc	25,503	$1.262M	0.6%	$28.09	+43.6%	COM	349553107
—	Novartis AG Sp ADR	14,276	$1.253M	0.6%	$94.85	—	ADR	66987v109
—	Iqvia Holdings Inc	5,417	$1.252M	0.6%	$99.03	—	COM	46266c105
—	Visa Inc Cl A	5,621	$1.247M	0.6%	$107.83	—	COM	92826c839
GD	General Dynamics Corp	5,105	$1.231M	0.6%	$106.60	+92.1%	COM	369550108
INTU	Intuit	2,525	$1.214M	0.6%	$499.50	0.0%	COM	461202103
—	Companhia Paranaense Energy Co	153,709	$1.202M	0.6%	$5.87	—	COM	20441b605
—	D R Horton Inc	15,939	$1.188M	0.6%	$68.93	—	COM	23331a109
—	Allegion Pub Ltd Co	10,695	$1.174M	0.6%	$90.55	—	COM	g0176j109
—	Intuitive Surgical Inc	3,817	$1.152M	0.6%	$382.96	—	COM	46120e602
—	Price T Rowe Group Inc	7,467	$1.129M	0.6%	$197.93	—	COM	74144t108
SGBLY	Standard Bank Group Ltd Sp ADR	89,700	$1.123M	0.6%	$12.52	—	ADR	853118206
LEN	Lennar Corp Cl A	13,802	$1.12M	0.6%	$84.95	0.0%	COM	526057104
EXPD	Expeditors Intl Wash Inc	10,642	$1.098M	0.6%	$118.76	-11.5%	COM	302130109
—	Verisign Inc	4,904	$1.091M	0.6%	$193.26	—	COM	92343e102
MAS	Masco Corp	20,173	$1.029M	0.5%	$51.02	+8.1%	COM	574599106
TRMB	Trimble Inc	14,211	$1.025M	0.5%	$39.78	+79.1%	COM	896239100
JNJ	Johnson & Johnson	5,720	$1.014M	0.5%	$88.73	+71.1%	COM	478160104
—	Sirius XM Holdings Inc	145,443	$963K	0.5%	$5.56	—	COM	82968b103
—	Vonovia SE ADR	40,575	$946K	0.5%	$33.97	—	ADR	92887h107
CTSH	Cognizant Technology Solutions	10,513	$943K	0.5%	$70.57	+16.9%	COM	192446102
—	Anglo American PLC Sp ADR	34,236	$898K	0.5%	$18.54	—	ADR	03485p300
AMGN	Amgen Inc	3,617	$875K	0.4%	$151.44	+34.2%	COM	031162100
WU	Western Un Co	44,039	$825K	0.4%	$26.78	—	COM	959802109
—	Dell Technologies Inc Cl C	14,843	$745K	0.4%	$83.69	—	COM	24703l202
—	Companhia Siderurgica Nacional	121,173	$657K	0.3%	$8.31	—	ADR	20440w105
—	Prysmian Spa Unsponsord ADR	32,000	$543K	0.3%	$16.97	—	ADR	74440l106
IX	ORIX Corp Sp ADR	5,308	$530K	0.3%	$99.85	—	ADR	686330101
JAPAY	Japan Tobacco Inc Unsponsord A	62,000	$525K	0.3%	$9.85	—	ADR	471105205
—	Inmode Ltd	11,414	$421K	0.2%	$53.50	—	COM	m5425m103
—	Danaos Corporation	4,100	$421K	0.2%	$74.63	—	COM	y1968p121
—	Constellium SE Cl A	17,530	$316K	0.2%	$18.76	—	COM	f21107101
—	360 Digitech Inc American Dep	16,500	$254K	0.1%	$22.91	—	ADR	88557w101