Aristotle Capital Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKC	MCCORMICK & CO INC	3,816,143	$259,918	0.5%	$65.92	0.0%	COM NON VTG	579780206
ASHGY	ASHTEAD GROUP PLC UNSPONS ADR	1,230,679	$87,059	0.2%	$70.74	—	FOREIGN	045055209
—	UNILEVER PLC	794,254	$51,944	0.1%	$65.40	—	FOREIGN	00BP9M904
ARLUF	ARISTOCRAT LEISURE LTD	1,286,040	$49,895	0.1%	$40.09	0.0%	FOREIGN	Q0521T108
—	UNILEVER PLC	628,711	$41,128	0.1%	$65.42	—	FOREIGN	00BTMR1D1
ITOCF	ITOCHU CORP	998,500	$12,581	0.0%	$56.50	0.0%	FOREIGN	J2501P104
MICC	MAGNUM ICE CREAM CO NV	338,018	$5,393	0.0%	$15.68	0.0%	ORD SHS	N5505D105
ACWI	ISHARES TR	18,785	$2,658	0.0%	$141.49	—	MSCI ACWI ETF	464288257
—	UNILEVER PLC	35,644	$2,330	0.0%	$65.36	—	FOREIGN	00BVZK7T9
ITOCY	ITOCHU CORP SPONS ADR	11,762	$1,487	0.0%	$126.45	—	FOREIGN	465717106
SFGRF	SONY FINANCIAL GROUP INC	1,325,750	$1,404	0.0%	$0.96	0.0%	FOREIGN	J7639Z106
VEU	VANGUARD INTL EQUITY INDEX F	8,347	$614	0.0%	$73.56	—	ALLWRLD EX US	922042775

Increased Positions (23)

TTE TOTALENERGIES SE 1.7%

Value ($000) $841,494 (+1059.0%) Shares 12,871,803 (+977.6%) Est. Cost $62.50 Unrealized +1.2%

WFC WELLS FARGO CO NEW 2.0%

Value ($000) $1,007,022 (+22.4%) Shares 10,804,883 (+10.1%) Est. Cost $76.42 Unrealized +13.4%

SPY SPDR S&P 500 ETF TR 0.3%

Value ($000) $147,605 (+76.1%) Shares 216,426 (+72.0%) Est. Cost $620.39 Unrealized —

WMMVY WAL-MART DE MEXICO SA SPONS ADR 0.2%

Value ($000) $82,973 (+72.8%) Shares 2,663,361 (+71.2%) Est. Cost $30.98 Unrealized —

SNPS SYNOPSYS INC 1.8%

Value ($000) $889,483 (-3.1%) Shares 1,893,563 (+1.8%) Est. Cost $483.32 Unrealized -8.1%

IWD ISHARES TR 0.1%

Value ($000) $30,692 (+341.3%) Shares 145,910 (+327.1%) Est. Cost $203.76 Unrealized —

EFA ISHARES TR 0.1%

Value ($000) $57,947 (+47.0%) Shares 603,418 (+42.9%) Est. Cost $85.49 Unrealized —

DQJCY PAN PACIFIC INTERNATIONAL HOLDINGS CORP UNSPONS ADR 0.2%

Value ($000) $103,937 (-9.9%) Shares 8,744,399 (+141.3%) Est. Cost $15.30 Unrealized —

BN BROOKFIELD CORP 0.6%

Value ($000) $296,134 (-1.6%) Shares 6,447,071 (+47.0%) Est. Cost $32.08 Unrealized +42.0%

SSNHZ SAMSUNG ELECTRONICS CO LTD SPONS ADR 0.0%

Value ($000) $10,764 (+49.0%) Shares 5,210 (+7.8%) Est. Cost $1404.46 Unrealized —

CATH GLOBAL X FDS 0.0%

Value ($000) $10,794 (+48.4%) Shares 131,269 (+46.3%) Est. Cost $62.52 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $3,280 (+191.3%) Shares 17,170 (+184.5%) Est. Cost $183.13 Unrealized —

WMMVF WAL-MART DE MEXICO SAB DE CV 0.1%

Value ($000) $67,451 (+3.3%) Shares 21,605,806 (+2.1%) Est. Cost $3.01 Unrealized +7.4%

NCLH NORWEGIAN CRUISE LINE HLDG L 0.0%

Value ($000) $16,374 (-8.0%) Shares 733,618 (+1.5%) Est. Cost $15.57 Unrealized +35.6%

TCNRF TOKYO CENTURY CORP 0.1%

Value ($000) $30,982 (+3.7%) Shares 2,394,000 (+2.3%) Est. Cost $8.18 Unrealized +26.2%

RY ROYAL BK CDA 0.0%

Value ($000) $5,880 (+19.2%) Shares 34,487 (+3.0%) Est. Cost $79.63 Unrealized +92.9%

FCFS FIRSTCASH HOLDINGS INC 0.1%

Value ($000) $40,606 (+2.3%) Shares 254,773 (+1.7%) Est. Cost $82.09 Unrealized +91.3%

VEA VANGUARD TAX-MANAGED FDS 0.0%

Value ($000) $1,072 (+197.0%) Shares 17,154 (+184.9%) Est. Cost $57.91 Unrealized —

GOOGL ALPHABET INC 0.0%

Value ($000) $428 (+96.2%) Shares 1,367 (+52.4%) Est. Cost $216.77 Unrealized +31.8%

CMA COMERICA INC 0.0%

Value ($000) $300 (+30.9%) Shares 3,447 (+3.2%) Est. Cost $66.67 Unrealized +20.0%

MBFJF MITSUBISHI UFJ FINANCIAL GROUP INC 0.0%

Value ($000) $20,099 (-0.3%) Shares 1,263,700 (+1.6%) Est. Cost $6.51 Unrealized +139.1%

ETR ENTERGY CORP NEW 0.0%

Value ($000) $211 (+3.5%) Shares 2,280 (+4.4%) Est. Cost $87.43 Unrealized +8.1%

PM PHILIP MORRIS INTL INC 0.0%

Value ($000) $222 (+3.2%) Shares 1,384 (+4.4%) Est. Cost $137.68 Unrealized +11.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TTE	TOTALENERGIES SE	12,871,803 (+977.6%)	$841,494 (+1059.0%)	1.7%	$62.50	+1.2%	ACT	F92124100
WFC	WELLS FARGO CO NEW	10,804,883 (+10.1%)	$1,007,022 (+22.4%)	2.0%	$76.42	+13.4%	COM	949746101
SPY	SPDR S&P 500 ETF TR	216,426 (+72.0%)	$147,605 (+76.1%)	0.3%	$620.39	—	TR UNIT	78462F103
WMMVY	WAL-MART DE MEXICO SA SPONS ADR	2,663,361 (+71.2%)	$82,973 (+72.8%)	0.2%	$30.98	—	FOREIGN	93114W107
SNPS	SYNOPSYS INC	1,893,563 (+1.8%)	$889,483 (-3.1%)	1.8%	$483.32	-8.1%	COM	871607107
IWD	ISHARES TR	145,910 (+327.1%)	$30,692 (+341.3%)	0.1%	$203.76	—	RUS 1000 VAL ETF	464287598
EFA	ISHARES TR	603,418 (+42.9%)	$57,947 (+47.0%)	0.1%	$85.49	—	MSCI EAFE ETF	464287465
DQJCY	PAN PACIFIC INTERNATIONAL HOLDINGS CORP UNSPONS ADR	8,744,399 (+141.3%)	$103,937 (-9.9%)	0.2%	$15.30	—	FOREIGN	69807K105
BN	BROOKFIELD CORP	6,447,071 (+47.0%)	$296,134 (-1.6%)	0.6%	$32.08	+42.0%	CL A LTD VT SH	11271J107
SSNHZ	SAMSUNG ELECTRONICS CO LTD SPONS ADR	5,210 (+7.8%)	$10,764 (+49.0%)	0.0%	$1404.46	—	FOREIGN	796050888
CATH	GLOBAL X FDS	131,269 (+46.3%)	$10,794 (+48.4%)	0.0%	$62.52	—	S&P 500 CATHOLIC	37954Y889
VTV	VANGUARD INDEX FDS	17,170 (+184.5%)	$3,280 (+191.3%)	0.0%	$183.13	—	VALUE ETF	922908744
WMMVF	WAL-MART DE MEXICO SAB DE CV	21,605,806 (+2.1%)	$67,451 (+3.3%)	0.1%	$3.01	+7.4%	FOREIGN	P98180188
NCLH	NORWEGIAN CRUISE LINE HLDG L	733,618 (+1.5%)	$16,374 (-8.0%)	0.0%	$15.57	+35.6%	SHS	G66721104
TCNRF	TOKYO CENTURY CORP	2,394,000 (+2.3%)	$30,982 (+3.7%)	0.1%	$8.18	+26.2%	FOREIGN	J8671Q103
RY	ROYAL BK CDA	34,487 (+3.0%)	$5,880 (+19.2%)	0.0%	$79.63	+92.9%	COM	780087102
FCFS	FIRSTCASH HOLDINGS INC	254,773 (+1.7%)	$40,606 (+2.3%)	0.1%	$82.09	+91.3%	COM	33768G107
VEA	VANGUARD TAX-MANAGED FDS	17,154 (+184.9%)	$1,072 (+197.0%)	0.0%	$57.91	—	VAN FTSE DEV MKT	921943858
GOOGL	ALPHABET INC	1,367 (+52.4%)	$428 (+96.2%)	0.0%	$216.77	+31.8%	CAP STK CL A	02079K305
CMA	COMERICA INC	3,447 (+3.2%)	$300 (+30.9%)	0.0%	$66.67	+20.0%	COM	200340107
MBFJF	MITSUBISHI UFJ FINANCIAL GROUP INC	1,263,700 (+1.6%)	$20,099 (-0.3%)	0.0%	$6.51	+139.1%	FOREIGN	J44497105
ETR	ENTERGY CORP NEW	2,280 (+4.4%)	$211 (+3.5%)	0.0%	$87.43	+8.1%	COM	29364G103
PM	PHILIP MORRIS INTL INC	1,384 (+4.4%)	$222 (+3.2%)	0.0%	$137.68	+11.5%	COM	718172109

Exited Positions (13)

— TOTALENERGIES SE 1.5%

Value ($000) $730,376 Shares 12,236,035 Est. Cost $66.86 Unrealized —

— ASHTEAD GROUP PLC UNSPONS ADR 0.2%

Value ($000) $87,197 Shares 325,197 Est. Cost $170.46 Unrealized —

— UNILEVER PLC 0.1%

Value ($000) $58,782 Shares 991,567 Est. Cost $57.35 Unrealized —

— UNILEVER PLC 0.1%

Value ($000) $42,128 Shares 709,138 Est. Cost $60.76 Unrealized —

NJDCY NIDEC CORP SPONS ADR 0.1%

Value ($000) $27,069 Shares 6,080,625 Est. Cost $14.52 Unrealized —

NNDNF NIDEC CORP 0.0%

Value ($000) $23,352 Shares 1,309,584 Est. Cost $25.94 Unrealized -44.6%

FMC FMC CORP 0.0%

Value ($000) $7,308 Shares 217,320 Est. Cost $91.12 Unrealized -79.2%

— SONY FINANCIAL GROUP INC 0.0%

Value ($000) $5,868 Shares 5,284,250 Est. Cost $1.11 Unrealized —

— UNILEVER PLC 0.0%

Value ($000) $2,375 Shares 40,100 Est. Cost $60.64 Unrealized —

SCI SERVICE CORP INTL 0.0%

Value ($000) $1,437 Shares 17,271 Est. Cost $67.21 Unrealized +19.0%

KTB KONTOOR BRANDS INC 0.0%

Value ($000) $245 Shares 3,066 Est. Cost $64.65 Unrealized +14.8%

MDLZ MONDELEZ INTL INC 0.0%

Value ($000) $211 Shares 3,382 Est. Cost $33.56 Unrealized +70.0%

MCD MCDONALDS CORP 0.0%

Value ($000) $202 Shares 666 Est. Cost $301.40 Unrealized +1.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE	12,236,035	$730,376	1.5%	$66.86	—	—	89151E109
—	ASHTEAD GROUP PLC UNSPONS ADR	325,197	$87,197	0.2%	$170.46	—	—	045055100
—	UNILEVER PLC	991,567	$58,782	0.1%	$57.35	—	—	904767704
—	UNILEVER PLC	709,138	$42,128	0.1%	$60.76	—	—	00BLRB262
NJDCY	NIDEC CORP SPONS ADR	6,080,625	$27,069	0.1%	$14.52	—	—	654090109
NNDNF	NIDEC CORP	1,309,584	$23,352	0.0%	$25.94	-44.6%	—	J52968104
FMC	FMC CORP	217,320	$7,308	0.0%	$91.12	-79.2%	—	302491303
—	SONY FINANCIAL GROUP INC	5,284,250	$5,868	0.0%	$1.11	—	—	J76337104
—	UNILEVER PLC	40,100	$2,375	0.0%	$60.64	—	—	00B10RZP7
SCI	SERVICE CORP INTL	17,271	$1,437	0.0%	$67.21	+19.0%	—	817565104
KTB	KONTOOR BRANDS INC	3,066	$245	0.0%	$64.65	+14.8%	—	50050N103
MDLZ	MONDELEZ INTL INC	3,382	$211	0.0%	$33.56	+70.0%	—	609207105
MCD	MCDONALDS CORP	666	$202	0.0%	$301.40	+1.2%	—	580135101

Decreased Positions (109)

GOOG ALPHABET INC 3.4%

Value ($000) $1,683,215 (+21.3%) Shares 5,363,900 (-5.8%) Est. Cost $182.24 Unrealized +57.1%

LEN LENNAR CORP 1.8%

Value ($000) $897,034 (-22.2%) Shares 8,725,950 (-4.6%) Est. Cost $50.19 Unrealized +140.5%

STZ CONSTELLATION BRANDS INC 0.2%

Value ($000) $115,375 (-67.6%) Shares 836,218 (-68.4%) Est. Cost $212.48 Unrealized -35.6%

PH PARKER-HANNIFIN CORP 4.8%

Value ($000) $2,385,867 (+9.8%) Shares 2,714,350 (-5.3%) Est. Cost $177.15 Unrealized +361.6%

UBER UBER TECHNOLOGIES INC 1.8%

Value ($000) $890,159 (-19.2%) Shares 10,894,052 (-3.1%) Est. Cost $82.32 Unrealized +9.4%

CBSH COMMERCE BANCSHARES INC 0.0%

Value ($000) $2,164 (-99.0%) Shares 41,351 (-98.8%) Est. Cost $46.00 Unrealized +13.3%

SONY SONY GROUP CORP 2.3%

Value ($000) $1,154,310 (-14.7%) Shares 45,090,159 (-4.1%) Est. Cost $29.84 Unrealized —

MSFT MICROSOFT CORP 3.4%

Value ($000) $1,703,800 (-10.4%) Shares 3,522,958 (-4.1%) Est. Cost $94.34 Unrealized +430.6%

TDY TELEDYNE TECHNOLOGIES INC 1.7%

Value ($000) $871,976 (-16.5%) Shares 1,707,228 (-4.2%) Est. Cost $405.01 Unrealized +30.1%

ATO ATMOS ENERGY CORP 2.1%

Value ($000) $1,067,836 (-13.6%) Shares 6,370,129 (-12.0%) Est. Cost $99.21 Unrealized +73.7%

APD AIR PRODS & CHEMS INC 1.3%

Value ($000) $659,468 (-18.8%) Shares 2,669,621 (-10.3%) Est. Cost $300.39 Unrealized -16.2%

RPM RPM INTL INC 1.6%

Value ($000) $807,396 (-15.5%) Shares 7,763,356 (-4.2%) Est. Cost $73.17 Unrealized +48.0%

BX BLACKSTONE INC 1.7%

Value ($000) $840,904 (-14.0%) Shares 5,455,372 (-4.7%) Est. Cost $106.83 Unrealized +41.8%

COF CAPITAL ONE FINL CORP 3.4%

Value ($000) $1,699,122 (+8.5%) Shares 7,010,674 (-4.8%) Est. Cost $88.49 Unrealized +151.1%

XEL XCEL ENERGY INC 1.7%

Value ($000) $855,224 (-12.8%) Shares 11,578,918 (-4.8%) Est. Cost $60.28 Unrealized +29.9%

VZ VERIZON COMMUNICATIONS INC 1.6%

Value ($000) $799,643 (-12.9%) Shares 19,632,715 (-6.0%) Est. Cost $38.39 Unrealized +5.5%

MRK MERCK & CO INC 1.5%

Value ($000) $766,394 (+16.8%) Shares 7,280,893 (-6.9%) Est. Cost $82.24 Unrealized +13.4%

AMGN AMGEN INC 2.2%

Value ($000) $1,077,712 (+9.9%) Shares 3,292,564 (-5.2%) Est. Cost $156.59 Unrealized +101.8%

ECL ECOLAB INC 2.0%

Value ($000) $1,020,847 (-8.4%) Shares 3,888,572 (-4.5%) Est. Cost $208.75 Unrealized +27.3%

AWK AMERICAN WTR WKS CO INC NEW 1.6%

Value ($000) $784,257 (-10.6%) Shares 6,009,548 (-4.6%) Est. Cost $121.75 Unrealized +9.4%

PG PROCTER AND GAMBLE CO 1.4%

Value ($000) $701,932 (-11.1%) Shares 4,897,935 (-4.7%) Est. Cost $117.38 Unrealized +25.4%

MLM MARTIN MARIETTA MATLS INC 2.6%

Value ($000) $1,276,677 (-6.0%) Shares 2,050,277 (-4.8%) Est. Cost $194.43 Unrealized +219.6%

DHR DANAHER CORPORATION 1.7%

Value ($000) $848,196 (+9.4%) Shares 3,705,139 (-5.2%) Est. Cost $94.92 Unrealized +131.3%

CTVA CORTEVA INC 2.7%

Value ($000) $1,350,326 (-5.1%) Shares 20,145,048 (-4.3%) Est. Cost $27.54 Unrealized +134.3%

SGOV ISHARES TR 0.1%

Value ($000) $27,818 (-72.3%) Shares 277,083 (-72.2%) Est. Cost $100.71 Unrealized —

AMP AMERIPRISE FINL INC 2.3%

Value ($000) $1,133,673 (-5.0%) Shares 2,311,930 (-4.8%) Est. Cost $116.14 Unrealized +308.0%

ADBE ADOBE INC 1.6%

Value ($000) $800,514 (-6.1%) Shares 2,287,173 (-5.4%) Est. Cost $202.43 Unrealized +68.0%

OSK OSHKOSH CORP 1.4%

Value ($000) $676,651 (-7.2%) Shares 5,385,990 (-4.2%) Est. Cost $96.15 Unrealized +33.0%

MCHP MICROCHIP TECHNOLOGY INC. 1.6%

Value ($000) $792,360 (-6.0%) Shares 12,434,973 (-5.2%) Est. Cost $53.39 Unrealized +14.9%

LOW LOWES COS INC 1.7%

Value ($000) $826,226 (-5.5%) Shares 3,425,962 (-1.5%) Est. Cost $219.30 Unrealized +9.4%

USB US BANCORP DEL 2.1%

Value ($000) $1,049,268 (+4.6%) Shares 19,663,880 (-5.3%) Est. Cost $32.52 Unrealized +49.8%

MUFG MITSUBISHI UFJ FINL GROUP IN 1.7%

Value ($000) $854,537 (-4.9%) Shares 53,880,015 (-4.4%) Est. Cost $5.45 Unrealized —

GD GENERAL DYNAMICS CORP 1.7%

Value ($000) $852,204 (-4.8%) Shares 2,531,282 (-3.6%) Est. Cost $127.13 Unrealized +168.1%

KUBTY KUBOTA CORP ADR 0.0%

Value ($000) $3,617 (-91.9%) Shares 51,158 (-92.8%) Est. Cost $86.00 Unrealized —

SFGYY SONY FINANCIAL GROUP INC UNSPONS ADS 0.0%

Value ($000) $1,912 (-95.2%) Shares 365,495 (-94.9%) Est. Cost $5.55 Unrealized —

CFR CULLEN FROST BANKERS INC 1.3%

Value ($000) $634,447 (-5.2%) Shares 5,010,178 (-5.1%) Est. Cost $75.28 Unrealized +65.8%

ELS EQUITY LIFESTYLE PPTYS INC 1.1%

Value ($000) $536,030 (-5.9%) Shares 8,843,848 (-5.8%) Est. Cost $71.00 Unrealized —

CTRA COTERRA ENERGY INC 1.5%

Value ($000) $766,496 (+4.4%) Shares 29,122,162 (-6.2%) Est. Cost $13.48 Unrealized +86.1%

AIG AMERICAN INTL GROUP INC 1.9%

Value ($000) $940,017 (+3.5%) Shares 10,987,850 (-5.0%) Est. Cost $72.79 Unrealized +9.5%

QCOM QUALCOMM INC 2.1%

Value ($000) $1,070,278 (-2.7%) Shares 6,257,036 (-5.4%) Est. Cost $79.68 Unrealized +114.3%

MDT MEDTRONIC PLC 1.3%

Value ($000) $665,666 (-4.1%) Shares 6,929,619 (-4.9%) Est. Cost $77.45 Unrealized +25.4%

EBKDY ERSTE GROUP BANK AG SPONS ADR 0.3%

Value ($000) $155,620 (+20.3%) Shares 2,575,818 (-2.6%) Est. Cost $18.01 Unrealized —

KUBTF KUBOTA CORP 0.0%

Value ($000) $35 (-99.9%) Shares 2,500 (-99.9%) Est. Cost $16.68 Unrealized -17.7%

— SAMSUNG ELECTRONICS CO LTD 0.2%

Value ($000) $90,067 (+37.4%) Shares 1,082,113 (-1.3%) Est. Cost $45.24 Unrealized —

SNEJF SONY GROUP CORP 0.3%

Value ($000) $133,905 (-12.1%) Shares 5,215,950 (-1.3%) Est. Cost $18.23 Unrealized +56.4%

RHHVF ROCHE HOLDING AG 0.2%

Value ($000) $90,720 (+25.5%) Shares 218,992 (-1.0%) Est. Cost $272.41 Unrealized +36.2%

RHHBY ROCHE HLDG LTD SPONS ADR 0.2%

Value ($000) $108,847 (+20.3%) Shares 2,107,960 (-3.2%) Est. Cost $34.07 Unrealized —

FANUY FANUC CORP ADR 0.2%

Value ($000) $75,013 (+29.9%) Shares 3,864,511 (-3.5%) Est. Cost $18.91 Unrealized —

PNC PNC FINL SVCS GROUP INC 1.8%

Value ($000) $898,950 (-1.5%) Shares 4,306,696 (-5.2%) Est. Cost $96.84 Unrealized +99.1%

LVMHF LVMH MOET HENNESSY LOUIS VUITTON SE 0.1%

Value ($000) $74,581 (+22.1%) Shares 98,454 (-1.4%) Est. Cost $625.39 Unrealized +13.1%

DQJCF PAN PACIFIC INTERNATIONAL HOLDINGS CORP 0.2%

Value ($000) $101,324 (-10.8%) Shares 17,035,400 (-1.0%) Est. Cost $2.95 Unrealized +19.4%

LVMUY LVMH MOET HENNESSY LOUIS VUITTON SE ADR 0.1%

Value ($000) $69,381 (+19.9%) Shares 458,156 (-3.2%) Est. Cost $108.28 Unrealized —

FRCOY FAST RETAILING CO LTD ADR 0.2%

Value ($000) $85,631 (+15.5%) Shares 2,357,596 (-3.1%) Est. Cost $29.47 Unrealized —

DEO DIAGEO PLC 0.1%

Value ($000) $41,184 (-21.5%) Shares 477,351 (-13.2%) Est. Cost $140.05 Unrealized —

MGDDY CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA UNSPONS ADR 0.1%

Value ($000) $72,042 (-12.8%) Shares 4,334,015 (-5.9%) Est. Cost $22.93 Unrealized —

BAP CREDICORP LTD 0.4%

Value ($000) $217,958 (+5.1%) Shares 759,393 (-2.5%) Est. Cost $126.84 Unrealized +108.8%

EXPGY EXPERIAN GP LTD ADR 0.1%

Value ($000) $67,178 (-13.2%) Shares 1,485,180 (-3.8%) Est. Cost $32.58 Unrealized —

SYIEY SYMRISE AG UNSPONS ADR 0.1%

Value ($000) $39,323 (-20.3%) Shares 1,945,021 (-14.3%) Est. Cost $27.91 Unrealized —

FRCOF FAST RETAILING CO LTD 0.1%

Value ($000) $65,891 (+17.9%) Shares 181,386 (-1.0%) Est. Cost $314.38 Unrealized +12.2%

DSFIY DSM FIRMENICH AG ADR 0.1%

Value ($000) $43,852 (-18.2%) Shares 5,457,649 (-12.4%) Est. Cost $11.52 Unrealized —

IR INGERSOLL RAND INC 0.2%

Value ($000) $98,668 (-8.8%) Shares 1,245,490 (-4.9%) Est. Cost $48.94 Unrealized +61.3%

RKLIF RENTOKIL INITIAL PLC 0.1%

Value ($000) $60,613 (+17.5%) Shares 10,070,118 (-1.2%) Est. Cost $6.03 Unrealized -12.3%

ACN ACCENTURE PLC IRELAND 0.3%

Value ($000) $131,185 (+7.3%) Shares 488,906 (-1.4%) Est. Cost $214.03 Unrealized +18.7%

DBSDY DBS GROUP HLDGS LTD SPONS ADR 0.3%

Value ($000) $127,737 (+7.0%) Shares 728,543 (-3.1%) Est. Cost $80.09 Unrealized —

ASAZF ASSA ABLOY AB 0.2%

Value ($000) $75,037 (+10.6%) Shares 1,927,410 (-1.4%) Est. Cost $12.13 Unrealized +192.2%

GSK GSK PLC 0.2%

Value ($000) $76,560 (+10.3%) Shares 1,561,143 (-2.9%) Est. Cost $31.09 Unrealized —

CVX CHEVRON CORP NEW 0.2%

Value ($000) $91,612 (-7.2%) Shares 601,086 (-5.4%) Est. Cost $139.01 Unrealized +8.9%

ASAZY ASSA ABLOY AB ADR 0.2%

Value ($000) $88,660 (+8.4%) Shares 4,556,667 (-3.3%) Est. Cost $12.30 Unrealized —

HLN HALEON PLC 0.2%

Value ($000) $79,114 (+9.4%) Shares 7,825,273 (-2.9%) Est. Cost $6.30 Unrealized —

HLNCF HALEON PLC 0.1%

Value ($000) $63,464 (+11.5%) Shares 12,588,960 (-1.0%) Est. Cost $3.24 Unrealized +46.2%

MS MORGAN STANLEY 0.2%

Value ($000) $117,789 (-5.2%) Shares 663,487 (-15.1%) Est. Cost $27.67 Unrealized +501.6%

EXPGF EXPERIAN PLC 0.1%

Value ($000) $52,407 (-10.6%) Shares 1,158,576 (-1.0%) Est. Cost $31.73 Unrealized +44.6%

SAFRY SAFRAN SA SPONS ADR 0.3%

Value ($000) $142,165 (-4.2%) Shares 1,628,229 (-3.2%) Est. Cost $31.97 Unrealized —

ING ING GROEP N.V. 0.3%

Value ($000) $144,731 (+4.4%) Shares 5,168,938 (-2.8%) Est. Cost $10.38 Unrealized —

AMDUF AMUNDI SA 0.1%

Value ($000) $37,471 (-12.9%) Shares 451,912 (-16.8%) Est. Cost $48.35 Unrealized +67.4%

RTO RENTOKIL INITIAL PLC 0.1%

Value ($000) $53,515 (+11.5%) Shares 1,816,497 (-4.4%) Est. Cost $30.32 Unrealized —

DGEAF DIAGEO PLC 0.1%

Value ($000) $39,584 (-11.0%) Shares 1,835,329 (-1.3%) Est. Cost $31.16 Unrealized -26.0%

MGDDF CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA 0.1%

Value ($000) $48,011 (-8.3%) Shares 1,444,009 (-1.0%) Est. Cost $33.98 Unrealized -1.6%

AKZOY AKZO NOBEL N V SPONS ADR 0.1%

Value ($000) $52,458 (-7.5%) Shares 2,263,549 (-5.2%) Est. Cost $29.87 Unrealized —

CCJ CAMECO CORP 0.3%

Value ($000) $137,628 (+3.1%) Shares 1,504,255 (-5.5%) Est. Cost $30.27 Unrealized +197.2%

OTSKF OTSUKA HOLDINGS CO LTD 0.2%

Value ($000) $75,566 (+5.3%) Shares 1,334,900 (-1.0%) Est. Cost $34.07 Unrealized +69.6%

CCEP COCA-COLA EUROPACIFIC PARTNE 0.3%

Value ($000) $168,813 (-2.0%) Shares 1,861,181 (-2.3%) Est. Cost $43.07 Unrealized +108.1%

DKILY DAIKIN INDS LTD UNSPONS ADR 0.1%

Value ($000) $53,488 (+6.0%) Shares 4,176,421 (-4.4%) Est. Cost $15.54 Unrealized —

LEN/B LENNAR CORP 0.0%

Value ($000) $5,088 (-37.1%) Shares 53,492 (-20.7%) Est. Cost $42.16 Unrealized +167.5%

OTSKY OTSUKA HOLDINGS CO LTD UNSPONS ADR 0.2%

Value ($000) $89,683 (+3.1%) Shares 3,168,341 (-3.1%) Est. Cost $19.74 Unrealized —

— CAMECO CORP 0.3%

Value ($000) $147,017 (-1.8%) Shares 1,603,470 (-10.1%) Est. Cost $73.99 Unrealized —

DLB DOLBY LABORATORIES INC 0.0%

Value ($000) $15,950 (-12.8%) Shares 248,370 (-1.7%) Est. Cost $76.25 Unrealized -12.7%

MURGF MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN 0.2%

Value ($000) $122,677 (+1.9%) Shares 185,797 (-1.4%) Est. Cost $241.65 Unrealized +164.9%

KO COCA COLA CO 1.8%

Value ($000) $908,888 (-0.3%) Shares 13,000,780 (-5.4%) Est. Cost $38.69 Unrealized +79.3%

ALC ALCON AG 1.6%

Value ($000) $799,779 (+0.3%) Shares 10,148,092 (-5.2%) Est. Cost $60.41 Unrealized +27.5%

AAGIY AIA GROUP LTD SPONS ADR 0.1%

Value ($000) $56,196 (+3.1%) Shares 1,368,630 (-3.7%) Est. Cost $40.99 Unrealized —

AKZOF AKZO NOBEL NV 0.1%

Value ($000) $33,984 (-3.5%) Shares 488,787 (-1.1%) Est. Cost $71.56 Unrealized -3.7%

MONOY MONOTARO CO LTD UNSPONS ADR 0.2%

Value ($000) $85,311 (+1.2%) Shares 5,349,013 (-7.4%) Est. Cost $16.53 Unrealized —

XYL XYLEM INC 0.0%

Value ($000) $3,463 (-22.0%) Shares 25,429 (-15.5%) Est. Cost $78.21 Unrealized +83.6%

EWY ISHARES INC 0.0%

Value ($000) $6,219 (+18.0%) Shares 63,965 (-2.8%) Est. Cost $58.56 Unrealized —

CTAS CINTAS CORP 0.0%

Value ($000) $6,905 (-11.1%) Shares 36,713 (-3.0%) Est. Cost $145.39 Unrealized +29.4%

HEINY HEINEKEN N V SPONS ADR L1 0.1%

Value ($000) $49,437 (+1.4%) Shares 1,207,407 (-3.4%) Est. Cost $50.13 Unrealized —

HON HONEYWELL INTL INC 0.0%

Value ($000) $1,097 (-35.6%) Shares 5,624 (-30.5%) Est. Cost $180.28 Unrealized +8.2%

AER AERCAP HOLDINGS NV 0.0%

Value ($000) $3,981 (+11.7%) Shares 27,693 (-6.0%) Est. Cost $92.64 Unrealized +43.0%

MTB M & T BK CORP 0.0%

Value ($000) $3,557 (-10.1%) Shares 17,653 (-11.8%) Est. Cost $185.35 Unrealized +2.6%

ADSK AUTODESK INC 0.0%

Value ($000) $844 (-25.2%) Shares 2,851 (-19.8%) Est. Cost $192.30 Unrealized +57.3%

SYY SYSCO CORP 0.0%

Value ($000) $1,541 (-14.8%) Shares 20,918 (-4.7%) Est. Cost $72.81 Unrealized +3.7%

MURGY MUENCHENER RUECK-UNSPONS ADR 0.2%

Value ($000) $104,223 (+0.2%) Shares 7,892,734 (-3.1%) Est. Cost $13.16 Unrealized —

— SAMSUNG ELECTRONICS CO LTD 0.0%

Value ($000) $885 (+26.4%) Shares 14,300 (-3.4%) Est. Cost $48.25 Unrealized —

JPM JPMORGAN CHASE & CO. 0.0%

Value ($000) $3,752 (-2.2%) Shares 11,644 (-4.2%) Est. Cost $83.63 Unrealized +270.1%

PSX PHILLIPS 66 0.0%

Value ($000) $350 (-19.0%) Shares 2,714 (-14.6%) Est. Cost $63.71 Unrealized +110.4%

CINF CINCINNATI FINL CORP 0.0%

Value ($000) $217 (-8.1%) Shares 1,326 (-11.1%) Est. Cost $73.56 Unrealized +119.2%

RTX RTX CORPORATION 0.0%

Value ($000) $426 (-1.9%) Shares 2,325 (-10.5%) Est. Cost $105.61 Unrealized +64.1%

CMI CUMMINS INC 0.0%

Value ($000) $248 (+0.7%) Shares 485 (-16.7%) Est. Cost $380.68 Unrealized +22.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	5,363,900 (-5.8%)	$1,683,215 (+21.3%)	3.4%	$182.24	+57.1%	CAP STK CL C	02079K107
LEN	LENNAR CORP	8,725,950 (-4.6%)	$897,034 (-22.2%)	1.8%	$50.19	+140.5%	CL A	526057104
STZ	CONSTELLATION BRANDS INC	836,218 (-68.4%)	$115,375 (-67.6%)	0.2%	$212.48	-35.6%	CL A	21036P108
PH	PARKER-HANNIFIN CORP	2,714,350 (-5.3%)	$2,385,867 (+9.8%)	4.8%	$177.15	+361.6%	COM	701094104
UBER	UBER TECHNOLOGIES INC	10,894,052 (-3.1%)	$890,159 (-19.2%)	1.8%	$82.32	+9.4%	COM	90353T100
CBSH	COMMERCE BANCSHARES INC	41,351 (-98.8%)	$2,164 (-99.0%)	0.0%	$46.00	+13.3%	COM	200525103
SONY	SONY GROUP CORP	45,090,159 (-4.1%)	$1,154,310 (-14.7%)	2.3%	$29.84	—	SPONSORED ADR	835699307
MSFT	MICROSOFT CORP	3,522,958 (-4.1%)	$1,703,800 (-10.4%)	3.4%	$94.34	+430.6%	COM	594918104
TDY	TELEDYNE TECHNOLOGIES INC	1,707,228 (-4.2%)	$871,976 (-16.5%)	1.7%	$405.01	+30.1%	COM	879360105
ATO	ATMOS ENERGY CORP	6,370,129 (-12.0%)	$1,067,836 (-13.6%)	2.1%	$99.21	+73.7%	COM	049560105
APD	AIR PRODS & CHEMS INC	2,669,621 (-10.3%)	$659,468 (-18.8%)	1.3%	$300.39	-16.2%	COM	009158106
RPM	RPM INTL INC	7,763,356 (-4.2%)	$807,396 (-15.5%)	1.6%	$73.17	+48.0%	COM	749685103
BX	BLACKSTONE INC	5,455,372 (-4.7%)	$840,904 (-14.0%)	1.7%	$106.83	+41.8%	COM	09260D107
COF	CAPITAL ONE FINL CORP	7,010,674 (-4.8%)	$1,699,122 (+8.5%)	3.4%	$88.49	+151.1%	COM	14040H105
XEL	XCEL ENERGY INC	11,578,918 (-4.8%)	$855,224 (-12.8%)	1.7%	$60.28	+29.9%	COM	98389B100
VZ	VERIZON COMMUNICATIONS INC	19,632,715 (-6.0%)	$799,643 (-12.9%)	1.6%	$38.39	+5.5%	COM	92343V104
MRK	MERCK & CO INC	7,280,893 (-6.9%)	$766,394 (+16.8%)	1.5%	$82.24	+13.4%	COM	58933Y105
AMGN	AMGEN INC	3,292,564 (-5.2%)	$1,077,712 (+9.9%)	2.2%	$156.59	+101.8%	COM	031162100
ECL	ECOLAB INC	3,888,572 (-4.5%)	$1,020,847 (-8.4%)	2.0%	$208.75	+27.3%	COM	278865100
AWK	AMERICAN WTR WKS CO INC NEW	6,009,548 (-4.6%)	$784,257 (-10.6%)	1.6%	$121.75	+9.4%	COM	030420103
PG	PROCTER AND GAMBLE CO	4,897,935 (-4.7%)	$701,932 (-11.1%)	1.4%	$117.38	+25.4%	COM	742718109
MLM	MARTIN MARIETTA MATLS INC	2,050,277 (-4.8%)	$1,276,677 (-6.0%)	2.6%	$194.43	+219.6%	COM	573284106
DHR	DANAHER CORPORATION	3,705,139 (-5.2%)	$848,196 (+9.4%)	1.7%	$94.92	+131.3%	COM	235851102
CTVA	CORTEVA INC	20,145,048 (-4.3%)	$1,350,326 (-5.1%)	2.7%	$27.54	+134.3%	COM	22052L104
SGOV	ISHARES TR	277,083 (-72.2%)	$27,818 (-72.3%)	0.1%	$100.71	—	0-3 MNTH TREASRY	46436E718
AMP	AMERIPRISE FINL INC	2,311,930 (-4.8%)	$1,133,673 (-5.0%)	2.3%	$116.14	+308.0%	COM	03076C106
ADBE	ADOBE INC	2,287,173 (-5.4%)	$800,514 (-6.1%)	1.6%	$202.43	+68.0%	COM	00724F101
OSK	OSHKOSH CORP	5,385,990 (-4.2%)	$676,651 (-7.2%)	1.4%	$96.15	+33.0%	COM	688239201
MCHP	MICROCHIP TECHNOLOGY INC.	12,434,973 (-5.2%)	$792,360 (-6.0%)	1.6%	$53.39	+14.9%	COM	595017104
LOW	LOWES COS INC	3,425,962 (-1.5%)	$826,226 (-5.5%)	1.7%	$219.30	+9.4%	COM	548661107
USB	US BANCORP DEL	19,663,880 (-5.3%)	$1,049,268 (+4.6%)	2.1%	$32.52	+49.8%	COM NEW	902973304
MUFG	MITSUBISHI UFJ FINL GROUP IN	53,880,015 (-4.4%)	$854,537 (-4.9%)	1.7%	$5.45	—	SPONSORED ADS	606822104
GD	GENERAL DYNAMICS CORP	2,531,282 (-3.6%)	$852,204 (-4.8%)	1.7%	$127.13	+168.1%	COM	369550108
KUBTY	KUBOTA CORP ADR	51,158 (-92.8%)	$3,617 (-91.9%)	0.0%	$86.00	—	FOREIGN	501173207
SFGYY	SONY FINANCIAL GROUP INC UNSPONS ADS	365,495 (-94.9%)	$1,912 (-95.2%)	0.0%	$5.55	—	FOREIGN	83571B100
CFR	CULLEN FROST BANKERS INC	5,010,178 (-5.1%)	$634,447 (-5.2%)	1.3%	$75.28	+65.8%	COM	229899109
ELS	EQUITY LIFESTYLE PPTYS INC	8,843,848 (-5.8%)	$536,030 (-5.9%)	1.1%	$71.00	—	COM	29472R108
CTRA	COTERRA ENERGY INC	29,122,162 (-6.2%)	$766,496 (+4.4%)	1.5%	$13.48	+86.1%	COM	127097103
AIG	AMERICAN INTL GROUP INC	10,987,850 (-5.0%)	$940,017 (+3.5%)	1.9%	$72.79	+9.5%	COM NEW	026874784
QCOM	QUALCOMM INC	6,257,036 (-5.4%)	$1,070,278 (-2.7%)	2.1%	$79.68	+114.3%	COM	747525103
MDT	MEDTRONIC PLC	6,929,619 (-4.9%)	$665,666 (-4.1%)	1.3%	$77.45	+25.4%	SHS	G5960L103
EBKDY	ERSTE GROUP BANK AG SPONS ADR	2,575,818 (-2.6%)	$155,620 (+20.3%)	0.3%	$18.01	—	FOREIGN	296036304
KUBTF	KUBOTA CORP	2,500 (-99.9%)	$35 (-99.9%)	0.0%	$16.68	-17.7%	FOREIGN	J36662138
—	SAMSUNG ELECTRONICS CO LTD	1,082,113 (-1.3%)	$90,067 (+37.4%)	0.2%	$45.24	—	FOREIGN	006771720
SNEJF	SONY GROUP CORP	5,215,950 (-1.3%)	$133,905 (-12.1%)	0.3%	$18.23	+56.4%	FOREIGN	J76379106
RHHVF	ROCHE HOLDING AG	218,992 (-1.0%)	$90,720 (+25.5%)	0.2%	$272.41	+36.2%	FOREIGN	H69293217
RHHBY	ROCHE HLDG LTD SPONS ADR	2,107,960 (-3.2%)	$108,847 (+20.3%)	0.2%	$34.07	—	FOREIGN	771195104
FANUY	FANUC CORP ADR	3,864,511 (-3.5%)	$75,013 (+29.9%)	0.2%	$18.91	—	FOREIGN	307305102
PNC	PNC FINL SVCS GROUP INC	4,306,696 (-5.2%)	$898,950 (-1.5%)	1.8%	$96.84	+99.1%	COM	693475105
LVMHF	LVMH MOET HENNESSY LOUIS VUITTON SE	98,454 (-1.4%)	$74,581 (+22.1%)	0.1%	$625.39	+13.1%	FOREIGN	F58485115
DQJCF	PAN PACIFIC INTERNATIONAL HOLDINGS CORP	17,035,400 (-1.0%)	$101,324 (-10.8%)	0.2%	$2.95	+19.4%	FOREIGN	J6352W100
LVMUY	LVMH MOET HENNESSY LOUIS VUITTON SE ADR	458,156 (-3.2%)	$69,381 (+19.9%)	0.1%	$108.28	—	FOREIGN	502441306
FRCOY	FAST RETAILING CO LTD ADR	2,357,596 (-3.1%)	$85,631 (+15.5%)	0.2%	$29.47	—	FOREIGN	31188H101
DEO	DIAGEO PLC	477,351 (-13.2%)	$41,184 (-21.5%)	0.1%	$140.05	—	SPON ADR NEW	25243Q205
MGDDY	CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA UNSPONS ADR	4,334,015 (-5.9%)	$72,042 (-12.8%)	0.1%	$22.93	—	FOREIGN	59410T106
BAP	CREDICORP LTD	759,393 (-2.5%)	$217,958 (+5.1%)	0.4%	$126.84	+108.8%	COM	G2519Y108
EXPGY	EXPERIAN GP LTD ADR	1,485,180 (-3.8%)	$67,178 (-13.2%)	0.1%	$32.58	—	FOREIGN	30215C101
SYIEY	SYMRISE AG UNSPONS ADR	1,945,021 (-14.3%)	$39,323 (-20.3%)	0.1%	$27.91	—	FOREIGN	87155N109
FRCOF	FAST RETAILING CO LTD	181,386 (-1.0%)	$65,891 (+17.9%)	0.1%	$314.38	+12.2%	FOREIGN	J1346E100
DSFIY	DSM FIRMENICH AG ADR	5,457,649 (-12.4%)	$43,852 (-18.2%)	0.1%	$11.52	—	FOREIGN	23346J103
IR	INGERSOLL RAND INC	1,245,490 (-4.9%)	$98,668 (-8.8%)	0.2%	$48.94	+61.3%	COM	45687V106
RKLIF	RENTOKIL INITIAL PLC	10,070,118 (-1.2%)	$60,613 (+17.5%)	0.1%	$6.03	-12.3%	FOREIGN	G7494G105
ACN	ACCENTURE PLC IRELAND	488,906 (-1.4%)	$131,185 (+7.3%)	0.3%	$214.03	+18.7%	SHS CLASS A	G1151C101
DBSDY	DBS GROUP HLDGS LTD SPONS ADR	728,543 (-3.1%)	$127,737 (+7.0%)	0.3%	$80.09	—	FOREIGN	23304Y100
ASAZF	ASSA ABLOY AB	1,927,410 (-1.4%)	$75,037 (+10.6%)	0.2%	$12.13	+192.2%	FOREIGN	W0817X204
GSK	GSK PLC	1,561,143 (-2.9%)	$76,560 (+10.3%)	0.2%	$31.09	—	SPONSORED ADR	37733W204
CVX	CHEVRON CORP NEW	601,086 (-5.4%)	$91,612 (-7.2%)	0.2%	$139.01	+8.9%	COM	166764100
ASAZY	ASSA ABLOY AB ADR	4,556,667 (-3.3%)	$88,660 (+8.4%)	0.2%	$12.30	—	FOREIGN	045387107
HLN	HALEON PLC	7,825,273 (-2.9%)	$79,114 (+9.4%)	0.2%	$6.30	—	SPON ADS	405552100
HLNCF	HALEON PLC	12,588,960 (-1.0%)	$63,464 (+11.5%)	0.1%	$3.24	+46.2%	FOREIGN	G4232K100
MS	MORGAN STANLEY	663,487 (-15.1%)	$117,789 (-5.2%)	0.2%	$27.67	+501.6%	COM NEW	617446448
EXPGF	EXPERIAN PLC	1,158,576 (-1.0%)	$52,407 (-10.6%)	0.1%	$31.73	+44.6%	FOREIGN	G32655105
SAFRY	SAFRAN SA SPONS ADR	1,628,229 (-3.2%)	$142,165 (-4.2%)	0.3%	$31.97	—	FOREIGN	786584102
ING	ING GROEP N.V.	5,168,938 (-2.8%)	$144,731 (+4.4%)	0.3%	$10.38	—	SPONSORED ADR	456837103
AMDUF	AMUNDI SA	451,912 (-16.8%)	$37,471 (-12.9%)	0.1%	$48.35	+67.4%	FOREIGN	F0300Q103
RTO	RENTOKIL INITIAL PLC	1,816,497 (-4.4%)	$53,515 (+11.5%)	0.1%	$30.32	—	SPONSORED ADR	760125104
DGEAF	DIAGEO PLC	1,835,329 (-1.3%)	$39,584 (-11.0%)	0.1%	$31.16	-26.0%	FOREIGN	G42089113
MGDDF	CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA	1,444,009 (-1.0%)	$48,011 (-8.3%)	0.1%	$33.98	-1.6%	FOREIGN	F61824870
AKZOY	AKZO NOBEL N V SPONS ADR	2,263,549 (-5.2%)	$52,458 (-7.5%)	0.1%	$29.87	—	FOREIGN	010199503
CCJ	CAMECO CORP	1,504,255 (-5.5%)	$137,628 (+3.1%)	0.3%	$30.27	+197.2%	COM	13321L108
OTSKF	OTSUKA HOLDINGS CO LTD	1,334,900 (-1.0%)	$75,566 (+5.3%)	0.2%	$34.07	+69.6%	FOREIGN	J63117105
CCEP	COCA-COLA EUROPACIFIC PARTNE	1,861,181 (-2.3%)	$168,813 (-2.0%)	0.3%	$43.07	+108.1%	SHS	G25839104
DKILY	DAIKIN INDS LTD UNSPONS ADR	4,176,421 (-4.4%)	$53,488 (+6.0%)	0.1%	$15.54	—	FOREIGN	23381B106
LEN/B	LENNAR CORP	53,492 (-20.7%)	$5,088 (-37.1%)	0.0%	$42.16	+167.5%	CL B	526057302
OTSKY	OTSUKA HOLDINGS CO LTD UNSPONS ADR	3,168,341 (-3.1%)	$89,683 (+3.1%)	0.2%	$19.74	—	FOREIGN	689164101
—	CAMECO CORP	1,603,470 (-10.1%)	$147,017 (-1.8%)	0.3%	$73.99	—	FOREIGN	00BPCPYT4
DLB	DOLBY LABORATORIES INC	248,370 (-1.7%)	$15,950 (-12.8%)	0.0%	$76.25	-12.7%	COM CL A	25659T107
MURGF	MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN	185,797 (-1.4%)	$122,677 (+1.9%)	0.2%	$241.65	+164.9%	FOREIGN	D55535104
KO	COCA COLA CO	13,000,780 (-5.4%)	$908,888 (-0.3%)	1.8%	$38.69	+79.3%	COM	191216100
ALC	ALCON AG	10,148,092 (-5.2%)	$799,779 (+0.3%)	1.6%	$60.41	+27.5%	ORD SHS	H01301128
AAGIY	AIA GROUP LTD SPONS ADR	1,368,630 (-3.7%)	$56,196 (+3.1%)	0.1%	$40.99	—	FOREIGN	001317205
AKZOF	AKZO NOBEL NV	488,787 (-1.1%)	$33,984 (-3.5%)	0.1%	$71.56	-3.7%	FOREIGN	N01803308
MONOY	MONOTARO CO LTD UNSPONS ADR	5,349,013 (-7.4%)	$85,311 (+1.2%)	0.2%	$16.53	—	FOREIGN	61022V107
XYL	XYLEM INC	25,429 (-15.5%)	$3,463 (-22.0%)	0.0%	$78.21	+83.6%	COM	98419M100
EWY	ISHARES INC	63,965 (-2.8%)	$6,219 (+18.0%)	0.0%	$58.56	—	MSCI STH KOR ETF	464286772
CTAS	CINTAS CORP	36,713 (-3.0%)	$6,905 (-11.1%)	0.0%	$145.39	+29.4%	COM	172908105
HEINY	HEINEKEN N V SPONS ADR L1	1,207,407 (-3.4%)	$49,437 (+1.4%)	0.1%	$50.13	—	FOREIGN	423012301
HON	HONEYWELL INTL INC	5,624 (-30.5%)	$1,097 (-35.6%)	0.0%	$180.28	+8.2%	COM	438516106
AER	AERCAP HOLDINGS NV	27,693 (-6.0%)	$3,981 (+11.7%)	0.0%	$92.64	+43.0%	SHS	N00985106
MTB	M & T BK CORP	17,653 (-11.8%)	$3,557 (-10.1%)	0.0%	$185.35	+2.6%	COM	55261F104
ADSK	AUTODESK INC	2,851 (-19.8%)	$844 (-25.2%)	0.0%	$192.30	+57.3%	COM	052769106
SYY	SYSCO CORP	20,918 (-4.7%)	$1,541 (-14.8%)	0.0%	$72.81	+3.7%	COM	871829107
MURGY	MUENCHENER RUECK-UNSPONS ADR	7,892,734 (-3.1%)	$104,223 (+0.2%)	0.2%	$13.16	—	FOREIGN	626188106
—	SAMSUNG ELECTRONICS CO LTD	14,300 (-3.4%)	$885 (+26.4%)	0.0%	$48.25	—	FOREIGN	Y74718118
JPM	JPMORGAN CHASE & CO.	11,644 (-4.2%)	$3,752 (-2.2%)	0.0%	$83.63	+270.1%	COM	46625H100
PSX	PHILLIPS 66	2,714 (-14.6%)	$350 (-19.0%)	0.0%	$63.71	+110.4%	COM	718546104
CINF	CINCINNATI FINL CORP	1,326 (-11.1%)	$217 (-8.1%)	0.0%	$73.56	+119.2%	COM	172062101
RTX	RTX CORPORATION	2,325 (-10.5%)	$426 (-1.9%)	0.0%	$105.61	+64.1%	COM	75513E101
CMI	CUMMINS INC	485 (-16.7%)	$248 (+0.7%)	0.0%	$380.68	+22.5%	COM	231021106

Unchanged Positions (48)

WSM WILLIAMS SONOMA INC 3.3%

Value ($000) $1,630,784 Shares 9,131,439 Est. Cost $81.24 Unrealized +130.5%

EBKOF ERSTE GROUP BANK AG 0.3%

Value ($000) $146,693 Shares 1,213,856 Est. Cost $27.48 Unrealized +289.0%

NEMTF NEMETSCHEK SE 0.2%

Value ($000) $104,149 Shares 955,595 Est. Cost $75.26 Unrealized +116.2%

FANUF FANUC CORP 0.1%

Value ($000) $64,317 Shares 1,657,025 Est. Cost $31.59 Unrealized +5.8%

DBSDF DBS GROUP HOLDINGS LTD 0.3%

Value ($000) $135,603 Shares 3,094,126 Est. Cost $18.54 Unrealized +128.4%

TT TRANE TECHNOLOGIES PLC 0.3%

Value ($000) $129,820 Shares 333,555 Est. Cost $214.57 Unrealized +92.8%

GLAXF GSK PLC 0.1%

Value ($000) $73,765 Shares 3,005,874 Est. Cost $16.20 Unrealized +39.3%

MONOF MONOTARO CO LTD 0.2%

Value ($000) $99,018 Shares 6,207,000 Est. Cost $0.05 Unrealized -5051.9%

DKILF DAIKIN INDUSTRIES LTD 0.1%

Value ($000) $62,810 Shares 490,300 Est. Cost $134.31 Unrealized -8.8%

JAZZ JAZZ PHARMACEUTICALS PLC 0.1%

Value ($000) $27,002 Shares 158,837 Est. Cost $129.78 Unrealized +18.1%

— ALCON AG 0.1%

Value ($000) $73,285 Shares 917,515 Est. Cost $88.08 Unrealized —

AAIGF AIA GROUP LTD 0.1%

Value ($000) $63,394 Shares 6,175,605 Est. Cost $9.13 Unrealized +9.1%

SYIEF SYMRISE AG 0.1%

Value ($000) $37,494 Shares 463,484 Est. Cost $111.42 Unrealized -24.8%

HINKF HEINEKEN NV 0.1%

Value ($000) $49,395 Shares 603,074 Est. Cost $90.15 Unrealized -11.4%

SAFRF SAFRAN SA 0.2%

Value ($000) $111,420 Shares 318,997 Est. Cost $112.36 Unrealized +210.2%

DSMFF DSM-FIRMENICH AG 0.1%

Value ($000) $38,854 Shares 481,137 Est. Cost $102.51 Unrealized -19.5%

ASHTF ASHTEAD GROUP PLC 0.1%

Value ($000) $71,334 Shares 1,042,751 Est. Cost $49.60 Unrealized +35.2%

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $5,321 Shares 25,712 Est. Cost $60.46 Unrealized +225.9%

ABT ABBOTT LABS 0.0%

Value ($000) $6,798 Shares 54,257 Est. Cost $31.04 Unrealized +310.2%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $4,266 Shares 11,530 Est. Cost $61.96 Unrealized +476.1%

ITW ILLINOIS TOOL WKS INC 0.0%

Value ($000) $4,159 Shares 16,886 Est. Cost $244.34 Unrealized +1.3%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $3,805 Shares 31,622 Est. Cost $66.26 Unrealized +74.3%

ABBV ABBVIE INC 0.0%

Value ($000) $15,073 Shares 65,967 Est. Cost $92.38 Unrealized +146.3%

KMB KIMBERLY-CLARK CORP 0.0%

Value ($000) $705 Shares 6,990 Est. Cost $67.39 Unrealized +60.9%

AAPL APPLE INC 0.0%

Value ($000) $2,175 Shares 8,000 Est. Cost $97.98 Unrealized +173.9%

ORCL ORACLE CORP 0.0%

Value ($000) $292 Shares 1,500 Est. Cost $122.30 Unrealized +94.6%

CHD CHURCH & DWIGHT CO INC 0.0%

Value ($000) $2,362 Shares 28,166 Est. Cost $33.91 Unrealized +151.5%

GWW WW GRAINGER INC 0.0%

Value ($000) $1,850 Shares 1,833 Est. Cost $200.63 Unrealized +382.9%

SJM SMUCKER J M CO 0.0%

Value ($000) $877 Shares 8,967 Est. Cost $72.50 Unrealized +41.9%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $1,074 Shares 1,245 Est. Cost $196.12 Unrealized +361.8%

PEP PEPSICO INC 0.0%

Value ($000) $3,511 Shares 24,466 Est. Cost $64.85 Unrealized +125.0%

DOV DOVER CORP 0.0%

Value ($000) $508 Shares 2,600 Est. Cost $40.40 Unrealized +350.1%

BAC BANK AMERICA CORP 0.0%

Value ($000) $732 Shares 13,300 Est. Cost $25.03 Unrealized +110.4%

DCI DONALDSON INC 0.0%

Value ($000) $532 Shares 6,000 Est. Cost $29.49 Unrealized +193.1%

NSRGY NESTLE SA 0.0%

Value ($000) $465 Shares 4,678 Est. Cost $110.53 Unrealized —

ZBH ZIMMER BIOMET HOLDINGS INC 0.0%

Value ($000) $345 Shares 3,833 Est. Cost $67.30 Unrealized +40.5%

MMM 3M CO 0.0%

Value ($000) $1,011 Shares 6,316 Est. Cost $64.37 Unrealized +153.5%

PFE PFIZER INC 0.0%

Value ($000) $1,147 Shares 46,072 Est. Cost $16.64 Unrealized +50.5%

V VISA INC 0.0%

Value ($000) $772 Shares 2,200 Est. Cost $78.70 Unrealized +332.5%

WMT WALMART INC 0.0%

Value ($000) $269 Shares 2,415 Est. Cost $85.80 Unrealized +24.9%

GLW CORNING INC 0.0%

Value ($000) $245 Shares 2,800 Est. Cost $64.97 Unrealized +32.3%

EMR EMERSON ELEC CO 0.0%

Value ($000) $1,274 Shares 9,600 Est. Cost $40.64 Unrealized +225.7%

— WELLS FARGO CO NEW 0.0%

Value ($000) $788 Shares 650 Est. Cost $1219.35 Unrealized —

UNP UNION PAC CORP 0.0%

Value ($000) $404 Shares 1,745 Est. Cost $68.91 Unrealized +229.9%

FELE FRANKLIN ELEC INC 0.0%

Value ($000) $1,715 Shares 17,952 Est. Cost $28.83 Unrealized +229.7%

BRK/A BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $3,019 Shares 4 Est. Cost $166204.10 Unrealized +349.1%

SBUX STARBUCKS CORP 0.0%

Value ($000) $337 Shares 4,000 Est. Cost $47.22 Unrealized +78.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $1,043 Shares 2,075 Est. Cost $205.58 Unrealized +142.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WSM	WILLIAMS SONOMA INC	9,131,439	$1,630,784	3.3%	$81.24	+130.5%	COM	969904101
EBKOF	ERSTE GROUP BANK AG	1,213,856	$146,693	0.3%	$27.48	+289.0%	FOREIGN	A19494102
NEMTF	NEMETSCHEK SE	955,595	$104,149	0.2%	$75.26	+116.2%	FOREIGN	D56134105
FANUF	FANUC CORP	1,657,025	$64,317	0.1%	$31.59	+5.8%	FOREIGN	J13440102
DBSDF	DBS GROUP HOLDINGS LTD	3,094,126	$135,603	0.3%	$18.54	+128.4%	FOREIGN	Y20246107
TT	TRANE TECHNOLOGIES PLC	333,555	$129,820	0.3%	$214.57	+92.8%	SHS	G8994E103
GLAXF	GSK PLC	3,005,874	$73,765	0.1%	$16.20	+39.3%	FOREIGN	G3910J179
MONOF	MONOTARO CO LTD	6,207,000	$99,018	0.2%	$0.05	-5051.9%	FOREIGN	J46583100
DKILF	DAIKIN INDUSTRIES LTD	490,300	$62,810	0.1%	$134.31	-8.8%	FOREIGN	J10038115
JAZZ	JAZZ PHARMACEUTICALS PLC	158,837	$27,002	0.1%	$129.78	+18.1%	SHS USD	G50871105
—	ALCON AG	917,515	$73,285	0.1%	$88.08	—	FOREIGN	00BJT1GR5
AAIGF	AIA GROUP LTD	6,175,605	$63,394	0.1%	$9.13	+9.1%	FOREIGN	Y002A1105
SYIEF	SYMRISE AG	463,484	$37,494	0.1%	$111.42	-24.8%	FOREIGN	D827A1108
HINKF	HEINEKEN NV	603,074	$49,395	0.1%	$90.15	-11.4%	FOREIGN	N39427211
SAFRF	SAFRAN SA	318,997	$111,420	0.2%	$112.36	+210.2%	FOREIGN	F4035A557
DSMFF	DSM-FIRMENICH AG	481,137	$38,854	0.1%	$102.51	-19.5%	FOREIGN	H0245V108
ASHTF	ASHTEAD GROUP PLC	1,042,751	$71,334	0.1%	$49.60	+35.2%	FOREIGN	G05320109
JNJ	JOHNSON & JOHNSON	25,712	$5,321	0.0%	$60.46	+225.9%	COM	478160104
ABT	ABBOTT LABS	54,257	$6,798	0.0%	$31.04	+310.2%	COM	002824100
AXP	AMERICAN EXPRESS CO	11,530	$4,266	0.0%	$61.96	+476.1%	COM	025816109
ITW	ILLINOIS TOOL WKS INC	16,886	$4,159	0.0%	$244.34	+1.3%	COM	452308109
XOM	EXXON MOBIL CORP	31,622	$3,805	0.0%	$66.26	+74.3%	COM	30231G102
ABBV	ABBVIE INC	65,967	$15,073	0.0%	$92.38	+146.3%	COM	00287Y109
KMB	KIMBERLY-CLARK CORP	6,990	$705	0.0%	$67.39	+60.9%	COM	494368103
AAPL	APPLE INC	8,000	$2,175	0.0%	$97.98	+173.9%	COM	037833100
ORCL	ORACLE CORP	1,500	$292	0.0%	$122.30	+94.6%	COM	68389X105
CHD	CHURCH & DWIGHT CO INC	28,166	$2,362	0.0%	$33.91	+151.5%	COM	171340102
GWW	WW GRAINGER INC	1,833	$1,850	0.0%	$200.63	+382.9%	COM	384802104
SJM	SMUCKER J M CO	8,967	$877	0.0%	$72.50	+41.9%	COM NEW	832696405
COST	COSTCO WHSL CORP NEW	1,245	$1,074	0.0%	$196.12	+361.8%	COM	22160K105
PEP	PEPSICO INC	24,466	$3,511	0.0%	$64.85	+125.0%	COM	713448108
DOV	DOVER CORP	2,600	$508	0.0%	$40.40	+350.1%	COM	260003108
BAC	BANK AMERICA CORP	13,300	$732	0.0%	$25.03	+110.4%	COM	060505104
DCI	DONALDSON INC	6,000	$532	0.0%	$29.49	+193.1%	COM	257651109
NSRGY	NESTLE SA	4,678	$465	0.0%	$110.53	—	FOREIGN	641069406
ZBH	ZIMMER BIOMET HOLDINGS INC	3,833	$345	0.0%	$67.30	+40.5%	COM	98956P102
MMM	3M CO	6,316	$1,011	0.0%	$64.37	+153.5%	COM	88579Y101
PFE	PFIZER INC	46,072	$1,147	0.0%	$16.64	+50.5%	COM	717081103
V	VISA INC	2,200	$772	0.0%	$78.70	+332.5%	COM CL A	92826C839
WMT	WALMART INC	2,415	$269	0.0%	$85.80	+24.9%	COM	931142103
GLW	CORNING INC	2,800	$245	0.0%	$64.97	+32.3%	COM	219350105
EMR	EMERSON ELEC CO	9,600	$1,274	0.0%	$40.64	+225.7%	COM	291011104
—	WELLS FARGO CO NEW	650	$788	0.0%	$1219.35	—	PERP PFD CNV A	949746804
UNP	UNION PAC CORP	1,745	$404	0.0%	$68.91	+229.9%	COM	907818108
FELE	FRANKLIN ELEC INC	17,952	$1,715	0.0%	$28.83	+229.7%	COM	353514102
BRK/A	BERKSHIRE HATHAWAY INC DEL	4	$3,019	0.0%	$166204.10	+349.1%	CL A	084670108
SBUX	STARBUCKS CORP	4,000	$337	0.0%	$47.22	+78.0%	COM	855244109
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,075	$1,043	0.0%	$205.58	+142.0%	CL B NEW	084670702