The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALIBABA GROUP HOLDING LTD ADR 01609W102   812,913 9,753 SH   SOLE 0 9,753 0 0
ALPHABET INC COM 02079K107   4,654,926 38,480 SH   SOLE 0 31,281 0 7,199
AMAZON.COM INC COM 023135106   4,111,294 31,538 SH   SOLE 0 25,325 0 6,213
AMERICAN TOWER CORP COM 03027X100   2,055,182 10,597 SH   SOLE 0 8,506 0 2,091
APPLE INC COM 037833100   2,437,815 12,568 SH   SOLE 0 10,168 0 2,400
ASML HOLDING NV NY REG SHRS N07059210   718,952 992 SH   SOLE 0 992 0 0
ASTRAZENECA PLC ADR 046353108   446,740 6,242 SH   SOLE 0 6,242 0 0
BANCO BBVA ARGENTINA S A ADR 058934100   181,877 29,670 SH   SOLE 0 29,670 0 0
BANK OF AMERICA CORP COM 060505104   707,754 24,669 SH   SOLE 0 19,814 0 4,855
BERKSHIRE HATHAWAY INC COM 084670702   2,229,117 6,537 SH   SOLE 0 5,273 0 1,264
BOOKING HOLDINGS INC COM 09857L108   1,549,989 574 SH   SOLE 0 462 0 112
CANADIAN PACIFIC KANSAS CITY COM 13646K108   12,804,662 158,383 SH   SOLE 0 68,479 0 89,904
COMPANIA CERVECERIAS UNIDAS ADR 204429104   152,984 9,426 SH   SOLE 0 9,426 0 0
COPA HOLDINGS SA CL A P31076105   604,762 5,469 SH   SOLE 0 5,469 0 0
DANAHER CORPORATION COM 235851102   1,507,680 6,282 SH   SOLE 0 5,042 0 1,240
DR REDDYS LABS LTD ADR 256135203   963,437 15,266 SH   SOLE 0 15,266 0 0
ANTHEM INC COM 036752103   1,888,677 4,251 SH   SOLE 0 3,393 0 858
EQUINOR ASA ADR 29446M102   29,823 1,021 SH   SOLE 0 1,021 0 0
FABRINET COM G3323L100   766,162 5,899 SH   SOLE 0 5,899 0 0
FOMENTO ECONOMICO MEXICANO ADR 344419106   643,426 5,805 SH   SOLE 0 5,805 0 0
GLOBANT S A COM L44385109   1,682,898 9,364 SH   SOLE 0 9,364 0 0
GOLD FIELDS LTD ADR 38059T106   3,747,059 270,937 SH   SOLE 0 270,937 0 0
HALLIBURTON CO COM 406216101   772,263 23,409 SH   SOLE 0 18,798 0 4,611
HDFC BANK LTD ADR 40415F101   7,010,774 100,585 SH   SOLE 0 53,765 0 46,820
INFOSYS LTD ADR 456788108   2,388,564 148,635 SH   SOLE 0 113,813 0 34,822
ING GROEP N.V. ADR 456837103   551,044 40,909 SH   SOLE 0 40,909 0 0
ISHARES MSCI INDIA SMALL-CAP ETF 46429B614   334,423 5,755 SH   SOLE 0 5,755 0 0
ITAU UNIBANCO HLDG S A ADR 465562106   863,636 146,379 SH   SOLE 0 146,379 0 0
MASTERCARD INC COM 57636Q104   2,322,436 5,905 SH   SOLE 0 4,740 0 1,165
META PLATFORMS INC COM 30303M102   3,930,191 13,695 SH   SOLE 0 11,003 0 2,692
MICROSOFT CORP COM 594918104   3,445,243 10,117 SH   SOLE 0 8,109 0 2,008
NOVO NORDISK A/S ADR 670100205   48,387 299 SH   SOLE 0 299 0 0
PAYPAL HOLDINGS INC COM 70450Y103   1,722,768 25,817 SH   SOLE 0 20,737 0 5,080
PETROLEO BRASILEIRO SA PETRO ADR 71654V408   492,680 35,624 SH   SOLE 0 35,624 0 0
S&P GLOBAL INC COM 78409V104   1,707,791 4,260 SH   SOLE 0 3,415 0 845
SAP SE ADR 803054204   482,802 3,529 SH   SOLE 0 3,529 0 0
SILICON MOTION TECHNOLOGY CORP ADR 82706C108   118,713 1,652 SH   SOLE 0 1,652 0 0
SOUTHERN COPPER CORP COM 84265V105   1,666,592 23,231 SH   SOLE 0 23,231 0 0
STELLANTIS NV SHS N82405106   3,441,258 196,159 SH   SOLE 0 71,052 0 125,107
SUMITOMO MITSUI FINL GROUP ADR 86562M209   286,174 33,276 SH   SOLE 0 33,276 0 0
TAIWAN SEMICONDUCTOR MFG LTD ADS 874039100   6,245,434 61,885 SH   SOLE 0 29,192 0 32,693
TJX COS INC/THE COM 872540109   1,556,575 18,358 SH   SOLE 0 14,744 0 3,614
TOTALENERGIES SE ADS 89151E109   319,037 5,535 SH   SOLE 0 5,535 0 0
UBS GROUP AG SHS H42097107   10,423,062 515,274 SH   SOLE 0 221,198 0 294,076
VISA INC COM 92826C839   2,782,078 11,715 SH   SOLE 0 9,402 0 2,313
VISTA ENERGY S.A.B. DE C.V. ADS 92837L109   905,296 37,533 SH   SOLE 0 37,533 0 0
WNS HOLDINGS LTD ADR 92932M101   321,935 4,367 SH   SOLE 0 4,367 0 0