|
|
|
|
|
|
|
|
|
Shares |
|
|
|
|
Market Value |
|
|
2,780 |
|
|
Keyence Corp. |
|
$ |
1,262,141 |
|
|
6,800 |
|
|
Murata Manufacturing Co. Ltd. |
|
|
543,017 |
|
|
5,000 |
|
|
Softwareone Holding AG |
|
|
129,080 |
|
|
7,000 |
|
|
STMicroelectronics NV |
|
|
266,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,696,168 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSUMER STAPLES - HOUSEHOLD AND PERSONAL PRODUCTS 7.4% |
|
|
2,300 |
|
|
Henkel AG & Co. KGaA |
|
|
227,779 |
|
|
2,300 |
|
|
LOreal SA |
|
|
881,448 |
|
|
1,300 |
|
|
Reckitt Benckiser Group plc |
|
|
116,456 |
|
|
6,000 |
|
|
Shiseido Co. Ltd. |
|
|
402,186 |
|
|
5,000 |
|
|
Unilever plc |
|
|
278,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,906,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MATERIALS 7.3% |
|
|
|
|
|
7,000 |
|
|
Agnico Eagle Mines Ltd. |
|
|
404,670 |
|
|
2,218 |
|
|
Air Liquide SA |
|
|
362,326 |
|
|
24,512 |
|
|
Barrick Gold Corp. |
|
|
485,338 |
|
|
8,125 |
|
|
Rio Tinto plc |
|
|
621,662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,873,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIALS 6.7% |
|
|
|
|
|
30,000 |
|
|
AIA Group Ltd. |
|
|
363,901 |
|
|
8,000 |
|
|
Investor AB, Cl. B |
|
|
637,915 |
|
|
10,000 |
|
|
Kinnevik AB, Cl. B |
|
|
486,177 |
|
|
11,700 |
|
|
Prudential plc |
|
|
248,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,736,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMUNICATION SERVICES 2.1% |
|
|
|
|
|
8,000 |
|
|
MonotaRO Co. Ltd. |
|
|
216,320 |
|
|
3,976 |
|
|
Nordic Entertainment Group AB, Cl. B |
|
|
177,005 |
|
|
2,000 |
|
|
Ubisoft Entertainment SA |
|
|
152,169 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
545,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SEMICONDUCTORS 1.0% |
|
|
|
|
|
2,000 |
|
|
Lasertec Corp. |
|
|
262,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL COMMON STOCKS . |
|
|
25,695,839 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WARRANTS 0.0% |
|
|
|
|
|
|
|
|
CONSUMER DISCRETIONARY 0.0% |
|
|
|
|
|
14,300 |
|
|
Cie Financiere Richemont SA, expire 11/22/23 |
|
|
5,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. GOVERNMENT OBLIGATIONS 0.7% |
|
|
|
|
|
$ 185,000 |
|
|
U.S. Treasury Bill, 0.005%, 06/17/21 |
|
|
184,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS 100.0% (Cost $13,955,886) |
|
$ |
25,886,282 |
|
|
|
|
|
|
|
|
|
|