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
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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
ABRDN GOLD ETF TRUST ETF 00326A104   1,435,229 67,572 SH   SOLE 0 67,572 0 0
ALIBABA GROUP HOLDING LTD ADR 01609W102   1,175,922 16,251 SH   SOLE 0 16,251 0 0
ALPHABET INC COM 02079K107   5,411,625 35,542 SH   SOLE 0 23,684 0 11,858
AMAZON.COM INC COM 023135106   6,647,725 36,854 SH   SOLE 0 24,384 0 12,470
ANTHEM INC COM 036752103   2,025,417 3,906 SH   SOLE 0 2,611 0 1,295
APPLE INC COM 037833100   2,548,021 14,859 SH   SOLE 0 9,989 0 4,870
ASTRAZENECA PLC ADR 046353108   443,898 6,552 SH   SOLE 0 6,552 0 0
BANK OF AMERICA CORP COM 060505104   1,593,019 42,010 SH   SOLE 0 28,097 0 13,913
BARCLAYS PLC ADR 06738E204   544,821 57,653 SH   SOLE 0 57,653 0 0
BERKSHIRE HATHAWAY INC COM 084670702   2,167,360 5,154 SH   SOLE 0 3,448 0 1,706
BOOKING HOLDINGS INC COM 09857L108   1,131,899 312 SH   SOLE 0 208 0 104
CANADIAN PACIFIC KANSAS CITY COM 13646K108   14,526,688 164,630 SH   SOLE 0 67,939 0 96,691
DANAHER CORPORATION COM 235851102   995,134 3,985 SH   SOLE 0 2,662 0 1,323
DR REDDYS LABS LTD ADR 256135203   331,909 4,525 SH   SOLE 0 4,525 0 0
DOLLAR GEN CORP NEW COM 256677105   3,676,930 23,561 SH   SOLE 0 15,759 0 7,802
META PLATFORMS INC COM 30303M102   4,958,257 10,211 SH   SOLE 0 6,821 0 3,390
FOMENTO ECONOMICO MEXICANO ADR 344419106   482,911 3,707 SH   SOLE 0 3,707 0 0
GLOBAL X FDS GB MSCI AR ETF 37950E259   313,434 5,827 SH   SOLE 0 5,827 0 0
GOLD FIELDS LTD ADR 38059T106   1,125,346 70,821 SH   SOLE 0 70,821 0 0
ICICI BANK LIMITED ADR 45104G104   2,419,235 91,603 SH   SOLE 0 61,485 0 30,118
ING GROEP N.V. ADR 456837103   85,369 5,177 SH   SOLE 0 5,177 0 0
INTERNATIONAL FLAVORS&FRAGRA COM 459506101   3,255,409 37,858 SH   SOLE 0 25,314 0 12,544
ISHARES TR MSCI INDIA ETF 46429B598   3,325,543 64,461 SH   SOLE 0 64,461 0 0
ISHARES MSCI INDIA SMALL-CAP ETF 46429B614   1,357,265 19,315 SH   SOLE 0 19,315 0 0
ITAU UNIBANCO HLDG S A ADR 465562106   1,253,526 180,884 SH   SOLE 0 180,884 0 0
JD.COM INC ADR CL A 47215P106   216,545 7,906 SH   SOLE 0 7,906 0 0
KASPI KZ JSC ADS 48581R205   216,887 1,686 SH   SOLE 0 1,686 0 0
MASTERCARD INC COM 57636Q104   3,370,027 6,998 SH   SOLE 0 4,664 0 2,334
MERCADOLIBRE INC COM 58733R102   657,703 435 SH   SOLE 0 435 0 0
MICROSOFT CORP COM 594918104   5,036,439 11,971 SH   SOLE 0 7,965 0 4,006
S&P GLOBAL INC COM 78409V104   1,002,786 2,357 SH   SOLE 0 1,573 0 784
SAP SE ADR 803054204   120,138 616 SH   SOLE 0 616 0 0
SOUTHERN COPPER CORP COM 84265V105   2,215,616 20,800 SH   SOLE 0 20,800 0 0
SUMITOMO MITSUI FINL GROUP ADR 86562M209   387,986 32,964 SH   SOLE 0 32,964 0 0
TJX COS INC/THE COM 872540109   1,214,707 11,977 SH   SOLE 0 8,006 0 3,971
TAIWAN SEMICONDUCTOR MFG LTD ADS 874039100   9,317,248 68,484 SH   SOLE 0 32,777 0 35,707
TOTALENERGIES SE ADS 89151E109   31,318 455 SH   SOLE 0 455 0 0
TRANSPORTADORA DE GAS SUR ADS 893870204   401,735 26,605 SH   SOLE 0 26,605 0 0
VISA INC COM 92826C839   3,431,847 12,297 SH   SOLE 0 8,215 0 4,082
VISTA ENERGY S.A.B. DE C.V. ADS 92837L109   3,436,443 83,046 SH   SOLE 0 83,046 0 0
UBS GROUP AG SHS H42097107   16,360,785 531,291 SH   SOLE 0 223,270 0 308,021
GLOBANT S A COM L44385109   1,250,367 6,193 SH   SOLE 0 6,193 0 0
ASML HOLDING NV NY REG SHRS N07059210   927,769 956 SH   SOLE 0 956 0 0
COPA HOLDINGS SA CL A P31076105   1,091,805 10,482 SH   SOLE 0 10,482 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109   3,824,479 53,828 SH   SOLE 0 53,828 0 0