Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VSGX	VANGUARD ESG INTERNATIONAL STO	76,387	$6.29M	1.7%	$82.34	—	Equity	921910725
STN	STANTEC INC	80,960	$5.582M	1.5%	$68.95	—	Equity	85472N109
QXO	QXO INC	6,972	$2.472M	0.7%	$354.53	—	Equity	82846H405
SCCO	SOUTHERN COPPER CORP	13,449	$2.344M	0.6%	$174.26	—	Equity	84265V105
NYT	NEW YORK TIMES CO	30,320	$2.122M	0.6%	$69.98	—	Equity	650111107
DAR	DARLING INGREDIENTS INC	37,110	$2.027M	0.6%	$54.62	—	Equity	237266101
EME	EMCOR GROUP INC	2,275	$1.888M	0.5%	$829.88	—	Equity	29084Q100
PHG	ROYAL PHILIPS NV	41,240	$1.12M	0.3%	$27.16	—	Equity	500472303
IHG	INTERCONTINENTAL HOTELS GROUP	3,817	$661K	0.2%	$173.12	—	Equity	45857P806
LRCX	LAM RESEARCH CORP	1,155	$500K	0.1%	$433.33	—	Equity	512807306
RY	ROYAL BANK OF CANADA	1,800	$373K	0.1%	$206.97	—	Equity	780087102
IX	ORIX CORP	9,070	$345K	0.1%	$38.04	—	Equity	686330101
NTES	NETEASE INC	2,400	$308K	0.1%	$128.14	—	Equity	64110W102
PSO	PEARSON PLC	14,380	$228K	0.1%	$15.89	—	Equity	705015105
APLE	APPLE HOSPITALITY REIT I REIT	13,070	$220K	0.1%	$16.81	—	Equity	03784Y200
RDY	DR REDDY'S LABORATORIES LTD	14,980	$217K	0.1%	$14.49	—	Equity	256135203

Increased Positions (15)

TSM TAIWAN SEMICONDUCTOR SP ADR 15.8%

Value $58.15M (+47.3%) Shares 121,772 (+4.2%) Est. Cost $180.86 Unrealized —

MFC MANULIFE FINANCIAL CORP 6.8%

Value $25.17M (+42.2%) Shares 621,365 (+20.9%) Est. Cost $24.92 Unrealized —

HSBC HSBC HOLDINGS PLC SPONS ADR 6.1%

Value $22.39M (+36.3%) Shares 235,463 (+18.3%) Est. Cost $53.21 Unrealized —

NVS NOVARTIS AG SPONSORED ADR 9.9%

Value $36.56M (+17.9%) Shares 233,303 (+14.9%) Est. Cost $111.59 Unrealized —

ASML ASML HOLDING NV NY REG SHS 3.8%

Value $14.01M (+54.6%) Shares 7,040 (+2.6%) Est. Cost $1337.93 Unrealized —

UBS UBS GROUP AG REG 3.7%

Value $13.58M (+49.1%) Shares 274,025 (+17.6%) Est. Cost $34.24 Unrealized —

WIT WIPRO LTD ADR 2.5%

Value $9.353M (+28.6%) Shares 4,156,718 (+21.2%) Est. Cost $3.88 Unrealized —

SKM SK TELECOM CO LTD SPON ADR 2.4%

Value $8.915M (+18.6%) Shares 277,210 (+8.0%) Est. Cost $19.61 Unrealized —

KB KB FINANCIAL GROUP INC ADR 3.6%

Value $13.25M (+10.9%) Shares 126,255 (+5.3%) Est. Cost $48.22 Unrealized —

BBD BANCO BRADESCO ADR 2.3%

Value $8.571M (+15.8%) Shares 2,470,052 (+21.8%) Est. Cost $3.62 Unrealized —

SAP SAP SE SPONSORED ADR 6.1%

Value $22.26M (+4.3%) Shares 144,421 (+15.9%) Est. Cost $176.36 Unrealized —

KLAC KLA CORP 2.3%

Value $8.62M (+5.4%) Shares 28,570 (+414.4%) Est. Cost $423.92 Unrealized —

NTR NUTRIEN LTD 5.1%

Value $18.61M (+1.0%) Shares 295,694 (+21.0%) Est. Cost $56.01 Unrealized —

TIGO MILLICOM INTL CELLULAR S A 0.1%

Value $287K (+36.8%) Shares 3,163 (+13.0%) Est. Cost $64.49 Unrealized —

CIG CIA ENERGETICA DE A D R 0.9%

Value $3.28M (-1.5%) Shares 1,561,738 (+12.1%) Est. Cost $2.36 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR SP ADR	121,772 (+4.2%)	$58.15M (+47.3%)	15.8%	$180.86	—	Equity	874039100
MFC	MANULIFE FINANCIAL CORP	621,365 (+20.9%)	$25.17M (+42.2%)	6.8%	$24.92	—	Equity	56501R106
HSBC	HSBC HOLDINGS PLC SPONS ADR	235,463 (+18.3%)	$22.39M (+36.3%)	6.1%	$53.21	—	Equity	404280406
NVS	NOVARTIS AG SPONSORED ADR	233,303 (+14.9%)	$36.56M (+17.9%)	9.9%	$111.59	—	Equity	66987V109
ASML	ASML HOLDING NV NY REG SHS	7,040 (+2.6%)	$14.01M (+54.6%)	3.8%	$1337.93	—	Equity	N07059210
UBS	UBS GROUP AG REG	274,025 (+17.6%)	$13.58M (+49.1%)	3.7%	$34.24	—	Equity	H42097107
WIT	WIPRO LTD ADR	4,156,718 (+21.2%)	$9.353M (+28.6%)	2.5%	$3.88	—	Equity	97651M109
SKM	SK TELECOM CO LTD SPON ADR	277,210 (+8.0%)	$8.915M (+18.6%)	2.4%	$19.61	—	Equity	78440P306
KB	KB FINANCIAL GROUP INC ADR	126,255 (+5.3%)	$13.25M (+10.9%)	3.6%	$48.22	—	Equity	48241A105
BBD	BANCO BRADESCO ADR	2,470,052 (+21.8%)	$8.571M (+15.8%)	2.3%	$3.62	—	Equity	059460303
SAP	SAP SE SPONSORED ADR	144,421 (+15.9%)	$22.26M (+4.3%)	6.1%	$176.36	—	Equity	803054204
KLAC	KLA CORP	28,570 (+414.4%)	$8.62M (+5.4%)	2.3%	$423.92	—	Equity	482480100
NTR	NUTRIEN LTD	295,694 (+21.0%)	$18.61M (+1.0%)	5.1%	$56.01	—	Equity	67077M108
TIGO	MILLICOM INTL CELLULAR S A	3,163 (+13.0%)	$287K (+36.8%)	0.1%	$64.49	—	Equity	L6388F110
CIG	CIA ENERGETICA DE A D R	1,561,738 (+12.1%)	$3.28M (-1.5%)	0.9%	$2.36	—	Equity	204409601

Exited Positions (8)

NFLX NETFLIX INC 2.1%

Value $7.828M Shares 81,410 Est. Cost $104.41 Unrealized —

BMY BRISTOL MYERS SQUIBB CO 1.7%

Value $6.389M Shares 105,346 Est. Cost $50.34 Unrealized —

— STANTEC INC 1.6%

Value $5.856M Shares 67,950 Est. Cost $109.85 Unrealized —

BLD TOPBUILD CORP 1.3%

Value $4.795M Shares 13,648 Est. Cost $366.90 Unrealized —

CCK CROWN HOLDINGS INC 1.3%

Value $4.76M Shares 47,478 Est. Cost $99.60 Unrealized —

BKNG BOOKING HOLDINGS INC 0.8%

Value $2.926M Shares 695 Est. Cost $5563.60 Unrealized —

MTD METTLER TOLEDO INTERNATIONAL 0.8%

Value $2.83M Shares 2,244 Est. Cost $1248.22 Unrealized —

— LAM RESEARCH CORP 0.1%

Value $247K Shares 1,155 Est. Cost $171.18 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	NETFLIX INC	81,410	$7.828M	2.1%	$104.41	—	—	64110L106
BMY	BRISTOL MYERS SQUIBB CO	105,346	$6.389M	1.7%	$50.34	—	—	110122108
—	STANTEC INC	67,950	$5.856M	1.6%	$109.85	—	—	85472N950
BLD	TOPBUILD CORP	13,648	$4.795M	1.3%	$366.90	—	—	89055F103
CCK	CROWN HOLDINGS INC	47,478	$4.76M	1.3%	$99.60	—	—	228368106
BKNG	BOOKING HOLDINGS INC	695	$2.926M	0.8%	$5563.60	—	—	09857L108
MTD	METTLER TOLEDO INTERNATIONAL	2,244	$2.83M	0.8%	$1248.22	—	—	592688105
—	LAM RESEARCH CORP	1,155	$247K	0.1%	$171.18	—	—	512807108

Decreased Positions (21)

HIG HARTFORD INSURANCE GROUP INC 0.8%

Value $2.858M (-64.6%) Shares 21,563 (-63.9%) Est. Cost $101.10 Unrealized —

MSFT MICROSOFT CORPORATION 1.0%

Value $3.822M (-50.3%) Shares 10,245 (-50.7%) Est. Cost $500.58 Unrealized —

CAH CARDINAL HEALTH INC 1.2%

Value $4.471M (-42.9%) Shares 18,819 (-49.2%) Est. Cost $117.90 Unrealized —

BK BANK OF NEW YORK MELLON CORP 1.5%

Value $5.435M (-38.0%) Shares 37,581 (-49.1%) Est. Cost $70.56 Unrealized —

AVGO BROADCOM INC 1.4%

Value $5.293M (-37.7%) Shares 14,013 (-49.0%) Est. Cost $305.74 Unrealized —

VZ VERIZON COMMUNICATIONS I 1.0%

Value $3.642M (-46.2%) Shares 86,010 (-36.3%) Est. Cost $38.50 Unrealized —

DOX AMDOCS LTD 0.5%

Value $1.725M (-61.8%) Shares 34,140 (-50.7%) Est. Cost $85.57 Unrealized —

MA MASTERCARD INC A 0.8%

Value $2.817M (-47.2%) Shares 5,484 (-48.6%) Est. Cost $475.18 Unrealized —

ADSK AUTODESK INC 0.5%

Value $1.746M (-58.7%) Shares 8,978 (-49.1%) Est. Cost $251.51 Unrealized —

INTU INTUIT INC 0.4%

Value $1.652M (-59.9%) Shares 6,328 (-33.6%) Est. Cost $719.44 Unrealized —

AME AMETEK INC 0.8%

Value $3.029M (-44.3%) Shares 12,520 (-50.7%) Est. Cost $181.54 Unrealized —

RSG REPUBLIC SERVICES INC 0.6%

Value $2.182M (-52.1%) Shares 10,240 (-50.7%) Est. Cost $182.07 Unrealized —

CSCO CISCO SYSTEMS INC 2.1%

Value $7.582M (-23.5%) Shares 64,550 (-49.5%) Est. Cost $62.67 Unrealized —

WSM WILLIAMS SONOMA INC 1.0%

Value $3.823M (-34.8%) Shares 16,402 (-49.0%) Est. Cost $147.97 Unrealized —

ADBE ADOBE INC 0.4%

Value $1.459M (-57.5%) Shares 7,117 (-49.7%) Est. Cost $433.99 Unrealized —

EBAY EBAY INC 0.7%

Value $2.626M (-39.5%) Shares 23,500 (-50.7%) Est. Cost $59.99 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.5%

Value $1.753M (-47.9%) Shares 7,385 (-48.8%) Est. Cost $237.95 Unrealized —

ADP AUTOMATIC DATA PROCESSING INC 0.4%

Value $1.401M (-45.7%) Shares 6,255 (-50.7%) Est. Cost $299.76 Unrealized —

DVA DAVITA INC 0.9%

Value $3.318M (-25.4%) Shares 14,913 (-48.5%) Est. Cost $120.83 Unrealized —

NTAP NETAPP INC 0.6%

Value $2.321M (-22.6%) Shares 14,996 (-48.8%) Est. Cost $116.28 Unrealized —

OC OWENS CORNING 0.6%

Value $2.074M (-22.5%) Shares 13,050 (-47.3%) Est. Cost $150.97 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HIG	HARTFORD INSURANCE GROUP INC	21,563 (-63.9%)	$2.858M (-64.6%)	0.8%	$101.10	—	Equity	416515104
MSFT	MICROSOFT CORPORATION	10,245 (-50.7%)	$3.822M (-50.3%)	1.0%	$500.58	—	Equity	594918104
CAH	CARDINAL HEALTH INC	18,819 (-49.2%)	$4.471M (-42.9%)	1.2%	$117.90	—	Equity	14149Y108
BK	BANK OF NEW YORK MELLON CORP	37,581 (-49.1%)	$5.435M (-38.0%)	1.5%	$70.56	—	Equity	064058100
AVGO	BROADCOM INC	14,013 (-49.0%)	$5.293M (-37.7%)	1.4%	$305.74	—	Equity	11135F101
VZ	VERIZON COMMUNICATIONS I	86,010 (-36.3%)	$3.642M (-46.2%)	1.0%	$38.50	—	Equity	92343V104
DOX	AMDOCS LTD	34,140 (-50.7%)	$1.725M (-61.8%)	0.5%	$85.57	—	Equity	G02602103
MA	MASTERCARD INC A	5,484 (-48.6%)	$2.817M (-47.2%)	0.8%	$475.18	—	Equity	57636Q104
ADSK	AUTODESK INC	8,978 (-49.1%)	$1.746M (-58.7%)	0.5%	$251.51	—	Equity	052769106
INTU	INTUIT INC	6,328 (-33.6%)	$1.652M (-59.9%)	0.4%	$719.44	—	Equity	461202103
AME	AMETEK INC	12,520 (-50.7%)	$3.029M (-44.3%)	0.8%	$181.54	—	Equity	031100100
RSG	REPUBLIC SERVICES INC	10,240 (-50.7%)	$2.182M (-52.1%)	0.6%	$182.07	—	Equity	760759100
CSCO	CISCO SYSTEMS INC	64,550 (-49.5%)	$7.582M (-23.5%)	2.1%	$62.67	—	Equity	17275R102
WSM	WILLIAMS SONOMA INC	16,402 (-49.0%)	$3.823M (-34.8%)	1.0%	$147.97	—	Equity	969904101
ADBE	ADOBE INC	7,117 (-49.7%)	$1.459M (-57.5%)	0.4%	$433.99	—	Equity	00724F101
EBAY	EBAY INC	23,500 (-50.7%)	$2.626M (-39.5%)	0.7%	$59.99	—	Equity	278642103
FERG	FERGUSON ENTERPRISES INC	7,385 (-48.8%)	$1.753M (-47.9%)	0.5%	$237.95	—	Equity	31488V107
ADP	AUTOMATIC DATA PROCESSING INC	6,255 (-50.7%)	$1.401M (-45.7%)	0.4%	$299.76	—	Equity	053015103
DVA	DAVITA INC	14,913 (-48.5%)	$3.318M (-25.4%)	0.9%	$120.83	—	Equity	23918K108
NTAP	NETAPP INC	14,996 (-48.8%)	$2.321M (-22.6%)	0.6%	$116.28	—	Equity	64110D104
OC	OWENS CORNING	13,050 (-47.3%)	$2.074M (-22.5%)	0.6%	$150.97	—	Equity	690742101

Unchanged Positions (2)

SHG SHINHAN FINANCIAL GROUP ADR 3.5%

Value $12.7M Shares 200,806 Est. Cost $34.01 Unrealized —

MRK MERCK AND CO INC 0.1%

Value $286K Shares 2,223 Est. Cost $94.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SHG	SHINHAN FINANCIAL GROUP ADR	200,806	$12.7M	3.5%	$34.01	—	Equity	824596100
MRK	MERCK AND CO INC	2,223	$286K	0.1%	$94.38	—	Equity	58933Y105