Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE ORD	9,305	$2.692M	3.7%	$289.31	—	ORDINARY SHARES	037833100
LLY	ELI LILLY ORD	1,480	$1.775M	2.5%	$1199.32	—	ORDINARY SHARES	532457108
VTWO	VANGUARD RUSSELL 2000 ETF	14,610	$1.774M	2.5%	$121.42	—	ORDINARY SHARES	92206C664
RSP	INVSC S P 500 EQUAL WEIGHT ETF	8,176	$1.74M	2.4%	$212.82	—	ORDINARY SHARES	46137V357
V	VISA CL A ORD	3,302	$1.133M	1.6%	$343.13	—	ORDINARY SHARES	92826C839
TMO	THERMO FISHER SCIENTIFIC ORD	1,460	$732K	1.0%	$501.37	—	ORDINARY SHARES	883556102
AMAT	APPLIED MATERIAL ORD	925	$669K	0.9%	$723.24	—	ORDINARY SHARES	038222105
CSX	CSX ORD	13,753	$654K	0.9%	$47.55	—	ORDINARY SHARES	126408103
LNG	CHENIERE ENERGY ORD	2,210	$528K	0.7%	$238.91	—	ORDINARY SHARES	16411R208
GLW	CORNING ORD	2,030	$519K	0.7%	$255.67	—	ORDINARY SHARES	219350105
DHR	DANAHER ORD	2,675	$510K	0.7%	$190.65	—	ORDINARY SHARES	235851102
ISRG	INTUITIVE SURGICAL ORD	1,208	$480K	0.7%	$397.35	—	ORDINARY SHARES	46120E602
VLO	VALERO ENERGY ORD	1,812	$472K	0.7%	$260.49	—	ORDINARY SHARES	91913Y100
MRVL	MARVELL TECHNOLOGY ORD	1,581	$471K	0.7%	$297.91	—	ORDINARY SHARES	573874104
MA	MASTERCARD CL A ORD	724	$372K	0.5%	$513.81	—	ORDINARY SHARES	57636Q104
NUE	NUCOR ORD	1,664	$371K	0.5%	$222.96	—	ORDINARY SHARES	670346105
PANW	PALO ALTO NETWORKS ORD	1,037	$354K	0.5%	$341.37	—	ORDINARY SHARES	697435105
SBGSY	SCHNEIDER ELEC ADR	4,765	$311K	0.4%	$65.27	—	ORDINARY SHARES	80687P106
NVO	NOVO NORDISK ADR REPSG 1 ORD	6,433	$308K	0.4%	$47.88	—	ORDINARY SHARES	670100205
BE	BLOOM ENERGY CL A ORD	881	$267K	0.4%	$303.06	—	ORDINARY SHARES	093712107
ABBNY	ABB ADR REP 1 ORD	2,420	$263K	0.4%	$108.68	—	ORDINARY SHARES	000375204

Increased Positions (14)

GOOGL ALPHABET CL A ORD 4.5%

Value $3.229M (+40.3%) Shares 9,035 (+12.9%) Est. Cost $226.11 Unrealized —

AMZN AMAZON COM ORD 3.3%

Value $2.362M (+38.1%) Shares 9,911 (+20.7%) Est. Cost $228.41 Unrealized —

NVDA NVIDIA ORD 4.9%

Value $3.579M (+20.7%) Shares 17,889 (+5.3%) Est. Cost $176.88 Unrealized —

JPM JPMORGAN CHASE ORD 2.1%

Value $1.486M (+56.6%) Shares 4,540 (+40.8%) Est. Cost $305.02 Unrealized —

UNP UNION PACIFIC ORD 1.1%

Value $794K (+181.6%) Shares 2,920 (+151.5%) Est. Cost $260.55 Unrealized —

C CITIGROUP ORD 1.4%

Value $1.018M (+78.0%) Shares 7,273 (+44.1%) Est. Cost $109.53 Unrealized —

AVGO BROADCOM ORD 1.9%

Value $1.359M (+46.9%) Shares 3,598 (+20.4%) Est. Cost $317.92 Unrealized —

MS MORGAN STANLEY ORD 1.4%

Value $1.007M (+49.4%) Shares 4,816 (+17.6%) Est. Cost $155.84 Unrealized —

GS GOLDMAN SACHS GROUP ORD 1.2%

Value $899K (+42.9%) Shares 889 (+19.5%) Est. Cost $779.92 Unrealized —

DE DEERE ORD 0.8%

Value $570K (+74.8%) Shares 898 (+55.4%) Est. Cost $532.07 Unrealized —

BAC BANK OF AMERICA ORD 1.1%

Value $789K (+37.9%) Shares 13,849 (+18.0%) Est. Cost $50.17 Unrealized —

SMERY SIEMENS ENERGY ADR 1.5%

Value $1.06M (+13.0%) Shares 27,795 (+400.0%) Est. Cost $64.26 Unrealized —

VMC VULCAN MATERIALS ORD 0.9%

Value $642K (+22.8%) Shares 2,176 (+13.3%) Est. Cost $294.74 Unrealized —

MLM MARTIN MARIETTA MATERIALS ORD 0.8%

Value $601K (+11.3%) Shares 1,043 (+13.7%) Est. Cost $620.09 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET CL A ORD	9,035 (+12.9%)	$3.229M (+40.3%)	4.5%	$226.11	—	ORDINARY SHARES	02079K305
AMZN	AMAZON COM ORD	9,911 (+20.7%)	$2.362M (+38.1%)	3.3%	$228.41	—	ORDINARY SHARES	023135106
NVDA	NVIDIA ORD	17,889 (+5.3%)	$3.579M (+20.7%)	4.9%	$176.88	—	ORDINARY SHARES	67066G104
JPM	JPMORGAN CHASE ORD	4,540 (+40.8%)	$1.486M (+56.6%)	2.1%	$305.02	—	ORDINARY SHARES	46625H100
UNP	UNION PACIFIC ORD	2,920 (+151.5%)	$794K (+181.6%)	1.1%	$260.55	—	ORDINARY SHARES	907818108
C	CITIGROUP ORD	7,273 (+44.1%)	$1.018M (+78.0%)	1.4%	$109.53	—	ORDINARY SHARES	172967424
AVGO	BROADCOM ORD	3,598 (+20.4%)	$1.359M (+46.9%)	1.9%	$317.92	—	ORDINARY SHARES	11135F101
MS	MORGAN STANLEY ORD	4,816 (+17.6%)	$1.007M (+49.4%)	1.4%	$155.84	—	ORDINARY SHARES	617446448
GS	GOLDMAN SACHS GROUP ORD	889 (+19.5%)	$899K (+42.9%)	1.2%	$779.92	—	ORDINARY SHARES	38141G104
DE	DEERE ORD	898 (+55.4%)	$570K (+74.8%)	0.8%	$532.07	—	ORDINARY SHARES	244199105
BAC	BANK OF AMERICA ORD	13,849 (+18.0%)	$789K (+37.9%)	1.1%	$50.17	—	ORDINARY SHARES	060505104
SMERY	SIEMENS ENERGY ADR	27,795 (+400.0%)	$1.06M (+13.0%)	1.5%	$64.26	—	ORDINARY SHARES	82621A203
VMC	VULCAN MATERIALS ORD	2,176 (+13.3%)	$642K (+22.8%)	0.9%	$294.74	—	ORDINARY SHARES	929160109
MLM	MARTIN MARIETTA MATERIALS ORD	1,043 (+13.7%)	$601K (+11.3%)	0.8%	$620.09	—	ORDINARY SHARES	573284106

Exited Positions (15)

IAUM ISHARES GOLD TR MICRO UNDIV BENF ETV 17.8%

Value $12.85M Shares 275,242 Est. Cost $37.54 Unrealized —

HSBC HSBC HOLDINGS ADR REP 5 ORD 0.8%

Value $573K Shares 6,949 Est. Cost $82.46 Unrealized —

VALE VALE ADR REPTG ONE ORD 0.7%

Value $498K Shares 31,302 Est. Cost $15.91 Unrealized —

SAN BANCO SANTANDER ADR REP 1 ORD 0.5%

Value $341K Shares 30,208 Est. Cost $11.29 Unrealized —

AA ALCOA ORD 0.5%

Value $331K Shares 4,993 Est. Cost $61.09 Unrealized —

AMD ADVANCED MICRO DEVICES ORD 0.4%

Value $304K Shares 1,495 Est. Cost $224.25 Unrealized —

PHM PULTEGROUP ORD 0.4%

Value $303K Shares 2,573 Est. Cost $124.62 Unrealized —

PNC PNC FINANCIAL SERVICES GROUP ORD 0.4%

Value $299K Shares 1,436 Est. Cost $224.93 Unrealized —

USB US BANCORP ORD 0.4%

Value $298K Shares 5,727 Est. Cost $56.63 Unrealized —

DHI D R HORTON ORD 0.4%

Value $285K Shares 2,074 Est. Cost $156.55 Unrealized —

SCBFY STANDARD CHARTERED ADR 0.4%

Value $267K Shares 6,363 Est. Cost $41.96 Unrealized —

BBVA BANCO BILBAO VIZCAYA ARGENTARIA ADR 0.3%

Value $245K Shares 11,301 Est. Cost $21.68 Unrealized —

LEN LENNAR CL A ORD 0.3%

Value $217K Shares 2,494 Est. Cost $122.48 Unrealized —

TFC TRUIST FINANCIAL ORD 0.3%

Value $210K Shares 4,579 Est. Cost $51.15 Unrealized —

UNCRY UNICREDITO SPA UNSPONSORED ITALY ADR 0.3%

Value $207K Shares 5,753 Est. Cost $35.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IAUM	ISHARES GOLD TR MICRO UNDIV BENF ETV	275,242	$12.85M	17.8%	$37.54	—	—	46436F103
HSBC	HSBC HOLDINGS ADR REP 5 ORD	6,949	$573K	0.8%	$82.46	—	—	404280406
VALE	VALE ADR REPTG ONE ORD	31,302	$498K	0.7%	$15.91	—	—	91912E105
SAN	BANCO SANTANDER ADR REP 1 ORD	30,208	$341K	0.5%	$11.29	—	—	05964H105
AA	ALCOA ORD	4,993	$331K	0.5%	$61.09	—	—	013872106
AMD	ADVANCED MICRO DEVICES ORD	1,495	$304K	0.4%	$224.25	—	—	007903107
PHM	PULTEGROUP ORD	2,573	$303K	0.4%	$124.62	—	—	745867101
PNC	PNC FINANCIAL SERVICES GROUP ORD	1,436	$299K	0.4%	$224.93	—	—	693475105
USB	US BANCORP ORD	5,727	$298K	0.4%	$56.63	—	—	902973304
DHI	D R HORTON ORD	2,074	$285K	0.4%	$156.55	—	—	23331A109
SCBFY	STANDARD CHARTERED ADR	6,363	$267K	0.4%	$41.96	—	—	853254100
BBVA	BANCO BILBAO VIZCAYA ARGENTARIA ADR	11,301	$245K	0.3%	$21.68	—	—	05946K101
LEN	LENNAR CL A ORD	2,494	$217K	0.3%	$122.48	—	—	526057104
TFC	TRUIST FINANCIAL ORD	4,579	$210K	0.3%	$51.15	—	—	89832Q109
UNCRY	UNICREDITO SPA UNSPONSORED ITALY ADR	5,753	$207K	0.3%	$35.98	—	—	904678406

Decreased Positions (11)

EMXC ISHARES MSCI EMERGING MARKETS ETF 15.7%

Value $11.36M (+15.0%) Shares 111,013 (-11.6%) Est. Cost $75.24 Unrealized —

IEMG ISHARES CORE MSCI EMERGING ETF 18.9%

Value $13.71M (-7.3%) Shares 165,452 (-21.9%) Est. Cost $66.62 Unrealized —

BHP BHP GROUP ADR 0.6%

Value $435K (-51.2%) Shares 5,222 (-57.3%) Est. Cost $72.78 Unrealized —

ASML ASML HOLDING ADR REP ORD 1.6%

Value $1.124M (+27.6%) Shares 565 (-15.3%) Est. Cost $1170.64 Unrealized —

LRCX LAM RESEARCH ORD 0.9%

Value $683K (+47.5%) Shares 1,576 (-27.2%) Est. Cost $163.19 Unrealized —

TSM TAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD 1.3%

Value $959K (+26.4%) Shares 2,008 (-10.6%) Est. Cost $226.49 Unrealized —

MU MICRON TECHNOLOGY ORD 1.0%

Value $703K (+28.5%) Shares 609 (-62.4%) Est. Cost $127.82 Unrealized —

CAT CATERPILLAR ORD 1.2%

Value $858K (+20.2%) Shares 806 (-20.0%) Est. Cost $455.71 Unrealized —

META META PLATFORMS CL A ORD 1.0%

Value $753K (-9.7%) Shares 1,336 (-8.4%) Est. Cost $743.23 Unrealized —

MSFT MICROSOFT ORD 2.5%

Value $1.815M (-3.1%) Shares 4,866 (-3.9%) Est. Cost $508.71 Unrealized —

WFC WELLS FARGO ORD 0.5%

Value $355K (-1.7%) Shares 4,290 (-5.5%) Est. Cost $81.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EMXC	ISHARES MSCI EMERGING MARKETS ETF	111,013 (-11.6%)	$11.36M (+15.0%)	15.7%	$75.24	—	ORDINARY SHARES	46434G764
IEMG	ISHARES CORE MSCI EMERGING ETF	165,452 (-21.9%)	$13.71M (-7.3%)	18.9%	$66.62	—	ORDINARY SHARES	46434G103
BHP	BHP GROUP ADR	5,222 (-57.3%)	$435K (-51.2%)	0.6%	$72.78	—	ORDINARY SHARES	088606108
ASML	ASML HOLDING ADR REP ORD	565 (-15.3%)	$1.124M (+27.6%)	1.6%	$1170.64	—	ORDINARY SHARES	N07059210
LRCX	LAM RESEARCH ORD	1,576 (-27.2%)	$683K (+47.5%)	0.9%	$163.19	—	ORDINARY SHARES	512807306
TSM	TAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD	2,008 (-10.6%)	$959K (+26.4%)	1.3%	$226.49	—	ORDINARY SHARES	874039100
MU	MICRON TECHNOLOGY ORD	609 (-62.4%)	$703K (+28.5%)	1.0%	$127.82	—	ORDINARY SHARES	595112103
CAT	CATERPILLAR ORD	806 (-20.0%)	$858K (+20.2%)	1.2%	$455.71	—	ORDINARY SHARES	149123101
META	META PLATFORMS CL A ORD	1,336 (-8.4%)	$753K (-9.7%)	1.0%	$743.23	—	ORDINARY SHARES	30303M102
MSFT	MICROSOFT ORD	4,866 (-3.9%)	$1.815M (-3.1%)	2.5%	$508.71	—	ORDINARY SHARES	594918104
WFC	WELLS FARGO ORD	4,290 (-5.5%)	$355K (-1.7%)	0.5%	$81.54	—	ORDINARY SHARES	949746101

Unchanged Positions (6)

ETN EATON ORD 1.0%

Value $691K Shares 1,621 Est. Cost $362.21 Unrealized —

FCX FREEPORT MCMORAN ORD 1.9%

Value $1.361M Shares 21,640 Est. Cost $45.26 Unrealized —

TECK TECK RESOURCES CL B ORD 0.9%

Value $649K Shares 10,917 Est. Cost $44.58 Unrealized —

NGLOY ANGLO AMERICAN ADR 0.8%

Value $597K Shares 24,152 Est. Cost $20.79 Unrealized —

GLNCY GLENCORE ADR 0.5%

Value $331K Shares 24,345 Est. Cost $15.20 Unrealized —

CCJ CAMECO ORD 0.3%

Value $237K Shares 2,322 Est. Cost $77.39 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ETN	EATON ORD	1,621	$691K	1.0%	$362.21	—	ORDINARY SHARES	G29183103
FCX	FREEPORT MCMORAN ORD	21,640	$1.361M	1.9%	$45.26	—	ORDINARY SHARES	35671D857
TECK	TECK RESOURCES CL B ORD	10,917	$649K	0.9%	$44.58	—	ORDINARY SHARES	878742204
NGLOY	ANGLO AMERICAN ADR	24,152	$597K	0.8%	$20.79	—	ORDINARY SHARES	03485P409
GLNCY	GLENCORE ADR	24,345	$331K	0.5%	$15.20	—	ORDINARY SHARES	37827X100
CCJ	CAMECO ORD	2,322	$237K	0.3%	$77.39	—	ORDINARY SHARES	13321L108