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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Anglo American Plc - ADR COM 03485P300 7,977 531,773 SH   SOLE   457,482 0 74,291
Apple Inc. COM 037833100 12,183 88,152 SH   SOLE   62,890 0 25,262
Apple Inc. COM 037833100 776 5,612 SH   OTR 1 5,612 0 0
Applied Materials COM 038222105 12,775 155,923 SH   SOLE   116,813 0 39,109
Applied Materials COM 038222105 683 8,333 SH   OTR 1 8,333 0 0
AT&T Inc. COM 00206R102 14,222 927,117 SH   SOLE   681,270 0 245,847
AT&T Inc. COM 00206R102 253 16,500 SH   OTR 1 16,500 0 0
Bunge LTD COM G16962105 33,180 401,837 SH   SOLE   305,325 0 96,512
Bunge LTD COM G16962105 1,545 18,710 SH   OTR 1 18,710 0 0
Campbell Soup Co COM 134429109 17,417 369,621 SH   SOLE   283,357 0 86,264
Campbell Soup Co COM 134429109 659 13,978 SH   OTR 1 13,978 0 0
Cisco Systems Inc COM 17275R102 25,186 629,658 SH   SOLE   484,161 0 145,498
Cisco Systems Inc COM 17275R102 960 24,000 SH   OTR 1 24,000 0 0
eBay Inc COM 278642103 11,057 300,386 SH   SOLE   225,859 0 74,527
eBay Inc COM 278642103 488 13,250 SH   OTR 1 13,250 0 0
Electronic Arts Inc COM 285512109 5,103 44,101 SH   SOLE   30,279 0 13,823
Electronic Arts Inc COM 285512109 302 2,613 SH   OTR 1 2,613 0 0
Freeport-McMoran Inc COM 35671D857 5,862 214,491 SH   SOLE   156,104 0 58,387
Freeport-McMoran Inc COM 35671D857 384 14,060 SH   OTR 1 14,060 0 0
Home Depot Inc COM 437076102 12,700 46,025 SH   SOLE   34,437 0 11,588
Home Depot Inc COM 437076102 661 2,394 SH   OTR 1 2,394 0 0
Intel Corp COM 458140100 9,330 362,047 SH   SOLE   275,976 0 86,071
Intel Corp COM 458140100 410 15,900 SH   OTR 1 15,900 0 0
Johnson & Johnson COM 478160104 28,109 172,070 SH   SOLE   129,792 0 42,277
Johnson & Johnson COM 478160104 1,127 6,900 SH   OTR 1 6,900 0 0
Koninklijke Philips NV COM 500472303 1,782 115,792 SH   SOLE   91,297 0 24,495
Koninklijke Philips NV COM 500472303 144 9,385 SH   OTR 1 9,385 0 0
Kratos Defense & Security COM 50077B207 9,731 957,763 SH   SOLE   683,871 0 273,892
Kratos Defense & Security COM 50077B207 630 62,000 SH   OTR 1 62,000 0 0
MDU Resources Group, Inc. COM 552690109 15,006 548,676 SH   SOLE   420,259 0 128,417
MDU Resources Group, Inc. COM 552690109 687 25,123 SH   OTR 1 25,123 0 0
Medtronic PLC COM G5960L103 9,290 115,050 SH   SOLE   86,825 0 28,225
Medtronic PLC COM G5960L103 416 5,148 SH   OTR 1 5,148 0 0
Meta Platforms, Inc. COM 30303M102 2,589 19,084 SH   SOLE   13,597 0 5,487
Meta Platforms, Inc. COM 30303M102 153 1,128 SH   OTR 1 1,128 0 0
Micron Technology Inc COM 595112103 16,725 333,831 SH   SOLE   256,432 0 77,398
Micron Technology Inc COM 595112103 706 14,099 SH   OTR 1 14,099 0 0
Microsoft COM 594918104 29,502 126,673 SH   SOLE   97,546 0 29,126
Microsoft COM 594918104 1,572 6,750 SH   OTR 1 6,750 0 0
Mosaic Co COM 61945C103 29,652 613,525 SH   SOLE   461,846 0 151,679
Mosaic Co COM 61945C103 1,536 31,780 SH   OTR 1 31,780 0 0
National Fuel Gas Company COM 636180101 28,299 459,767 SH   SOLE   350,008 0 109,759
National Fuel Gas Company COM 636180101 1,294 21,020 SH   OTR 1 21,020 0 0
Nokia Corporation COM 654902204 15,513 3,633,082 SH   SOLE   3,153,282 0 479,800
Nokia Corporation COM 654902204 833 195,040 SH   OTR 1 195,040 0 0
Novartis AG-ADR COM 66987V109 31,155 409,877 SH   SOLE   314,319 0 95,559
Novartis AG-ADR COM 66987V109 908 11,950 SH   OTR 1 11,950 0 0
Orange - ADR COM 684060106 16,583 1,844,629 SH   SOLE   1,565,841 0 278,787
Orange - ADR COM 684060106 514 57,190 SH   OTR 1 57,190 0 0
Sanofi ADR COM 80105N105 23,351 614,170 SH   SOLE   535,487 0 78,682
Sanofi ADR COM 80105N105 1,128 29,660 SH   OTR 1 29,660 0 0
Sprott Physical Gold & Silver COM 85208R101 23,737 1,524,524 SH   SOLE   1,195,754 0 328,769
Sprott Physical Gold & Silver COM 85208R101 1,080 69,350 SH   OTR 1 69,350 0 0
Synaptics Inc COM 87157D109 204 2,061 SH   SOLE   1,538 0 523
Takeda Pharmaceutical Company COM 874060205 18,591 1,433,404 SH   SOLE   1,105,209 0 328,195
Takeda Pharmaceutical Company COM 874060205 368 28,410 SH   OTR 1 28,410 0 0
Tetra Tech Inc COM 88162G103 24,661 191,866 SH   SOLE   144,425 0 47,441
Tetra Tech Inc COM 88162G103 1,168 9,090 SH   OTR 1 9,090 0 0
UGI Corporation COM 902681105 18,155 561,544 SH   SOLE   428,020 0 133,524
UGI Corporation COM 902681105 703 21,730 SH   OTR 1 21,730 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,844 64,873 SH   SOLE   53,872 0 11,001
Vodafone Group PLC - SP ADR COM 92857W308 11,971 1,056,603 SH   SOLE   921,874 0 134,729
Vodafone Group PLC - SP ADR COM 92857W308 513 45,300 SH   OTR 1 45,300 0 0
Wal-Mart Stores Inc. COM 931142103 11,465 88,398 SH   SOLE   62,544 0 25,854
Wal-Mart Stores Inc. COM 931142103 816 6,292 SH   OTR 1 6,292 0 0
Warner Bros. Discovery Inc. COM 934423104 4,155 361,321 SH   SOLE   283,003 0 78,318
Warner Bros. Discovery Inc. COM 934423104 155 13,471 SH   OTR 1 13,471 0 0