Henry James International Management Inc. Activity Q3 2018-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
UBS	Sell	UBS Group AG	$11,171,158	+20.8%	453,191	-0.6%	4.84%	+20.7%
RACE	Sell	Ferrari NV	$9,476,490	-9.7%	32,065	-0.7%	4.10%	-9.9%
SHOP	Sell	Shopify, Inc. Class A	$8,739,440	-19.0%	160,151	-4.1%	3.78%	-19.1%
SONY	Sell	Sony Group Corporation Sponsor	$8,221,304	-13.3%	99,761	-5.2%	3.56%	-13.4%
IHG	Buy	INTERCONTINENTAL HOTELS GROUP	$8,071,430	+10.5%	107,979	+4.1%	3.49%	+10.3%
ASML	Buy	ASML HOLDING NV	$7,689,666	-14.1%	13,063	+5.7%	3.33%	-14.2%
TSM	Buy	Taiwan Semiconductor Manufactu	$7,378,853	-5.5%	84,912	+9.8%	3.19%	-5.6%
AER	Buy	Aercap Holdings N.V.	$6,369,904	-1.3%	101,642	+0.0%	2.76%	-1.5%
STM	Sell	Stmicroelectronics N.V.	$5,709,377	-31.3%	132,284	-20.4%	2.47%	-31.4%
IX	Buy	ORIX Corporation Sponsored ADR	$5,535,446	+2.9%	58,963	+0.0%	2.40%	+2.7%
SAP	Buy	SAP SE Sponsored ADR	$5,319,061	-5.5%	41,131	+0.0%	2.30%	-5.6%
ICLR	Buy	Icon Plc	$5,320,970	+0.6%	21,608	+2.2%	2.30%	+0.4%
ESLT	Buy	Elbit Systems Ltd.	$5,302,498	-5.3%	26,783	+0.0%	2.30%	-5.4%
IBN	Buy	ICICI Bank Limited Sponsored A	$4,772,315	+6.8%	206,415	+6.6%	2.07%	+6.7%
LOGI	Buy	Logitech International S.A.	$4,320,125	+16.9%	62,665	+0.7%	1.87%	+16.7%
NVO	Buy	Novo Nordisk A/S	$4,269,087	+429.5%	46,944	+842.3%	1.85%	+428.0%
PSO	Sell	PEARSON PLC SPONSORED ADR ADR	$3,652,300	+0.6%	346,518	-0.0%	1.58%	+0.4%
NOK	Sell	Nokia Oyj Sponsored ADR	$3,419,310	-22.2%	914,254	-13.5%	1.48%	-22.4%
	Sell	America Movil SAB de CV Sponso	$2,902,815	-23.0%	167,599	-3.8%	1.26%	-23.1%
HDB	Buy	HDFC Bank Limited Sponsored AD	$2,776,480	-11.7%	47,051	+4.3%	1.20%	-11.8%
BABA	Buy	Alibaba Group Holding Ltd. Spo	$2,637,156	+16.2%	30,403	+11.7%	1.14%	+16.1%
TCEHY	Buy	Tencent Holdings Ltd. Unsponso	$2,575,693	+8.8%	66,607	+19.5%	1.12%	+8.6%
AAGIY	Buy	AIA GROUP LTD	$2,481,157	-18.4%	76,816	+2.9%	1.07%	-18.5%
KB	Buy	KB Financial Group Inc. Sponso	$2,451,554	+22.9%	59,634	+8.8%	1.06%	+22.7%
YUMC	Buy	Yum China Holdings, Inc.	$2,450,454	+6.1%	43,978	+7.6%	1.06%	+6.0%
MELI	Buy	MercadoLibre, Inc.	$2,430,526	+39.1%	1,917	+30.0%	1.05%	+38.8%
PBR	Buy	Petroleo Brasileiro SA Sponsor	$2,178,122	+27.9%	145,305	+18.0%	0.94%	+27.8%
INFY	Buy	Infosys Limited Sponsored ADR	$2,090,072	+18.1%	122,155	+10.9%	0.90%	+18.0%
SQM	Buy	Sociedad Quimica Y Minera De C	$1,849,889	-11.1%	31,002	+8.2%	0.80%	-11.2%
FN	Buy	Fabrinet	$1,734,181	+105.7%	10,408	+60.4%	0.75%	+105.8%
TECK	Sell	Teck Resources Ltd.	$1,635,179	+2.3%	37,948	-0.0%	0.71%	+2.2%
GRFS	Sell	Grifols, S.A. Sponsored ADR Cl	$1,604,189	-0.2%	175,513	-0.0%	0.69%	-0.4%
NVS	Buy	NOVARTIS AG ADR	$1,469,432	+152.1%	14,426	+149.8%	0.64%	+151.4%
	Buy	SK Telecom Co., Ltd. Sponsored	$1,460,095	+19.4%	68,038	+8.6%	0.63%	+19.2%
NSRGY	Buy	Nestle S.A. Sponsored ADR	$1,444,049	+2.0%	12,760	+8.5%	0.62%	+1.8%
AZN	Buy	ASTRAZENECA PLC ADR	$1,444,197	+124.8%	21,326	+137.6%	0.62%	+124.0%
PDD	Buy	PDD Holdings Inc. Sponsored AD	$1,353,170	+127.4%	13,798	+60.3%	0.59%	+127.1%
RDY	Buy	Dr. Reddy's Laboratories Ltd.	$1,190,019	+24.7%	17,796	+17.7%	0.52%	+24.4%
VALE	Buy	Vale S.A. Sponsored ADR	$1,089,005	+16.9%	81,269	+17.1%	0.47%	+16.6%
EC	Buy	Ecopetrol SA Sponsored ADR	$952,513	+32.3%	82,255	+17.1%	0.41%	+32.1%
LVMUY	Buy	LVMH Moet Hennessy Louis Vuitt	$929,780	+10.6%	6,153	+38.2%	0.40%	+10.1%
	New	Anglogold Ashanti PLC	$925,106	–	58,551	–	0.40%	–
EXPGY	Buy	Experian PLC	$913,953	-14.6%	28,001	+0.0%	0.40%	-14.7%
BSAC	Buy	Banco Santander-Chile	$905,152	+2.8%	49,354	+5.6%	0.39%	+2.6%
FMX	Buy	Fomento Economico Mexicano S.A	$890,118	+155.2%	8,155	+159.1%	0.38%	+155.0%
TCOM	Buy	Trip.com Group Ltd. Sponsored	$885,685	+17.0%	25,327	+17.1%	0.38%	+16.8%
BIDU	Buy	Baidu Inc Sponsored ADR Class	$877,977	+49.9%	6,535	+52.7%	0.38%	+49.6%
BKRKY	Buy	PT Bank Rakyat Indonesia (Pers	$850,247	+6.9%	50,251	+15.1%	0.37%	+6.7%
NGG	Buy	National Grid Transco	$845,182	-7.3%	13,940	+2.9%	0.37%	-7.3%
WMMVY	Sell	Wal-Mart de Mexico SAB de CV S	$817,043	-5.7%	21,753	-1.1%	0.35%	-5.9%
TTE	Sell	TotalEnergies SE Sponsored ADR	$793,921	+5.8%	12,073	-7.3%	0.34%	+5.8%
PAC	Buy	Grupo Aeroportuario Del Pacifi	$721,091	+8.7%	4,387	+18.2%	0.31%	+8.3%
SOUHY	Sell	South32 Ltd. ADR	$689,866	-22.1%	63,995	-9.2%	0.30%	-22.1%
ASX	Buy	ASE Technology Holding Co., Lt	$684,222	+11.2%	90,987	+15.2%	0.30%	+10.9%
WNS	Buy	WNS (Holdings) Limited Sponsor	$664,336	+8.6%	9,704	+16.9%	0.29%	+8.7%
TM	Buy	Toyota Motor Corp.	$658,784	+83.3%	3,665	+63.9%	0.28%	+82.7%
JD	Buy	JD.com, Inc. Sponsored ADR Cla	$655,163	-0.8%	22,491	+16.3%	0.28%	-0.7%
MPNGY	Buy	Meituan Unsponsored ADR Class	$620,078	+9.3%	21,456	+18.8%	0.27%	+8.9%
UMC	Buy	United Microelectronics Corp S	$590,047	+2.8%	83,576	+14.9%	0.26%	+2.4%
HSBC	Buy	HSBC Holdings PLC Sponsored AD	$555,242	+24.2%	14,071	+24.7%	0.24%	+23.7%
CB	Sell	CHUBB LIMITED	$555,216	+0.5%	2,667	-7.0%	0.24%	+0.4%
KT	Buy	KT Corporation Sponsored ADR	$543,145	+32.4%	42,367	+16.7%	0.24%	+32.0%
NABZY	Buy	NATIONAL AUSTRALIA BANK ADR	$540,157	+32.2%	58,019	+24.6%	0.23%	+32.2%
CX	Buy	Cemex SAB de CV Sponsored ADR	$537,739	+11.0%	82,729	+20.9%	0.23%	+11.0%
BAP	Buy	Credicorp Ltd.	$497,547	+1.7%	3,888	+17.4%	0.22%	+1.4%
TLK	Buy	PT Telkom Indonesia (Persero)	$479,542	+5.4%	19,898	+16.6%	0.21%	+5.6%
TAL	Buy	Tal Education Group	$473,456	+93.7%	51,971	+26.7%	0.20%	+93.4%
SIMO	Sell	Silicon Motion Technology Corp	$456,894	-35.3%	8,915	-9.2%	0.20%	-35.3%
CCJ	Buy	Cameco Corp.	$452,491	+38.8%	11,415	+9.7%	0.20%	+39.0%
BBD	Buy	Banco Bradesco S.A. Sponsored	$444,971	-4.4%	156,130	+16.0%	0.19%	-4.5%
WF	Buy	Woori Financial Group Inc.	$435,786	+19.8%	15,893	+17.8%	0.19%	+19.6%
SHG	Buy	Shinhan Financial Group Co Ltd	$387,496	+19.7%	14,628	+17.7%	0.17%	+20.0%
KPCPY	Buy	Kasikornbank Public Co. Ltd. U	$357,291	+11.0%	26,156	+17.7%	0.16%	+10.7%
SFTBY	Buy	SoftBank Group Corp. Unsponsor	$359,092	+11.4%	17,059	+24.7%	0.16%	+10.7%
HIMX	Buy	Himax Technologies, Inc. Spons	$353,501	+4.4%	60,531	+20.6%	0.15%	+4.1%
SSUMY	New	Sumitomo Corporation	$340,760	–	17,021	–	0.15%	–
ANPDY	Buy	ANTA Sports Products Ltd. Unsp	$337,369	+30.4%	1,198	+18.6%	0.15%	+30.4%
ABEV	Buy	Ambev SA Sponsored ADR	$335,439	-6.2%	130,015	+15.6%	0.14%	-6.5%
IDCBY	Sell	Industrial & Commerical Bank o	$321,116	-11.0%	33,660	-0.7%	0.14%	-10.9%
JBAXY	Buy	Julius Baer Gruppe AG Unsponso	$307,696	+16.6%	24,133	+14.9%	0.13%	+16.7%
QURE	Sell	uniQure N.V.	$285,799	-41.5%	42,593	-0.0%	0.12%	-41.5%
YNDX	Sell	Yandex NV Class A	$210,120	-0.4%	11,094	-0.4%	0.09%	0.0%
NIO	New	NIO Inc. Sponsored ADR Class A	$193,980	–	21,458	–	0.08%	–
	Sell	Atari, Inc.	$1,320	-26.9%	10,000	-22.5%	0.00%	0.0%
AMCR	Exit	Amcor PLC	$0	–	-12,853	–	-0.06%	–
CIHKY	Exit	China Merchants Bank Co Ltd.	$0	–	-9,192	–	-0.09%	–
AU	Exit	AngloGold Ashanti Limited Spon	$0	–	-54,360	–	-0.50%	–

Q2 2023

			Value		Shares		↓ Weighting
SHOP	New	Shopify, Inc. Class A	$10,782,838	–	166,917	–	4.68%	–
RACE	New	Ferrari NV	$10,498,754	–	32,283	–	4.55%	–
SONY	New	Sony Group Corporation Sponsor	$9,477,700	–	105,261	–	4.11%	–
UBS	New	UBS Group AG	$9,243,850	–	456,036	–	4.01%	–
ASML	New	ASML HOLDING NV	$8,953,562	–	12,354	–	3.88%	–
STM	New	Stmicroelectronics N.V.	$8,307,538	–	166,184	–	3.60%	–
GIB	New	CGI Inc. Class A	$8,120,535	–	77,023	–	3.52%	–
TSM	New	Taiwan Semiconductor Manufactu	$7,806,566	–	77,354	–	3.38%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$7,304,186	–	103,679	–	3.17%	–
AER	New	Aercap Holdings N.V.	$6,456,109	–	101,639	–	2.80%	–
SNN	New	Smith & Nephew Plc	$5,952,802	–	184,583	–	2.58%	–
SAP	New	SAP SE Sponsored ADR	$5,626,995	–	41,130	–	2.44%	–
ESLT	New	Elbit Systems Ltd.	$5,596,367	–	26,782	–	2.43%	–
IX	New	ORIX Corporation Sponsored ADR	$5,377,559	–	58,958	–	2.33%	–
ICLR	New	Icon Plc	$5,291,480	–	21,149	–	2.29%	–
IBN	New	ICICI Bank Limited Sponsored A	$4,467,619	–	193,571	–	1.94%	–
NOK	New	Nokia Oyj Sponsored ADR	$4,397,128	–	1,057,002	–	1.91%	–
OTEX	New	Open Text Corp.	$4,291,700	–	103,290	–	1.86%	–
CAE	New	Cae Inc.	$4,101,829	–	183,281	–	1.78%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$3,998,610	–	31,831	–	1.73%	–
	New	America Movil SAB de CV Sponso	$3,769,537	–	174,193	–	1.63%	–
LOGI	New	Logitech International S.A.	$3,694,680	–	62,200	–	1.60%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$3,631,991	–	346,564	–	1.58%	–
HDB	New	HDFC Bank Limited Sponsored AD	$3,144,655	–	45,117	–	1.36%	–
AAGIY	New	AIA GROUP LTD	$3,039,232	–	74,619	–	1.32%	–
TCEHY	New	Tencent Holdings Ltd. Unsponso	$2,368,435	–	55,741	–	1.03%	–
MKKGY	New	Merck KGaA Sponsored ADR	$2,330,942	–	70,315	–	1.01%	–
YUMC	New	Yum China Holdings, Inc.	$2,309,042	–	40,868	–	1.00%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$2,269,204	–	27,225	–	0.98%	–
IFNNY	New	INFINEON TECHNOLOGIES	$2,211,196	–	53,501	–	0.96%	–
ASND	New	Ascendis Pharma A/S Sponsored	$2,186,179	–	24,495	–	0.95%	–
RELX	New	RELX PLC Sponsored ADR	$2,105,789	–	62,991	–	0.91%	–
PPERY	New	PT Bank Mandiri (Persero) Tbk	$2,100,813	–	151,192	–	0.91%	–
SQM	New	Sociedad Quimica Y Minera De C	$2,080,490	–	28,649	–	0.90%	–
LYG	New	Lloyds Banking Group plc Spons	$2,059,581	–	936,173	–	0.89%	–
KB	New	KB Financial Group Inc. Sponso	$1,994,283	–	54,788	–	0.86%	–
INFY	New	Infosys Limited Sponsored ADR	$1,769,323	–	110,101	–	0.77%	–
MELI	New	MercadoLibre, Inc.	$1,747,285	–	1,475	–	0.76%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$1,702,708	–	123,117	–	0.74%	–
ERIC	New	Telefonaktiebolaget LM Ericsso	$1,666,038	–	305,695	–	0.72%	–
GRFS	New	Grifols, S.A. Sponsored ADR Cl	$1,607,836	–	175,528	–	0.70%	–
TECK	New	Teck Resources Ltd.	$1,597,653	–	37,949	–	0.69%	–
NSRGY	New	Nestle S.A. Sponsored ADR	$1,415,316	–	11,760	–	0.61%	–
	New	SK Telecom Co., Ltd. Sponsored	$1,222,692	–	62,670	–	0.53%	–
AU	New	AngloGold Ashanti Limited Spon	$1,146,452	–	54,360	–	0.50%	–
EXPGY	New	Experian PLC	$1,070,605	–	27,997	–	0.46%	–
DASTY	New	DASSAULT SYSTEMS ADR	$1,014,832	–	22,836	–	0.44%	–
RDY	New	Dr. Reddy's Laboratories Ltd.	$954,539	–	15,125	–	0.41%	–
VALE	New	Vale S.A. Sponsored ADR	$931,187	–	69,388	–	0.40%	–
NGG	New	National Grid Transco	$912,120	–	13,547	–	0.40%	–
SOUHY	New	South32 Ltd. ADR	$885,103	–	70,470	–	0.38%	–
BSAC	New	Banco Santander-Chile	$880,861	–	46,730	–	0.38%	–
WMMVY	New	Wal-Mart de Mexico SAB de CV S	$866,586	–	21,989	–	0.38%	–
LVMUY	New	LVMH Moet Hennessy Louis Vuitt	$840,905	–	4,453	–	0.36%	–
FN	New	Fabrinet	$842,921	–	6,490	–	0.36%	–
NVO	New	Novo Nordisk A/S	$806,237	–	4,982	–	0.35%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$795,139	–	43,641	–	0.34%	–
BNPQY	New	BNP PARIBAS	$794,892	–	25,123	–	0.34%	–
ACN	New	ACCENTURE PLC CL A	$776,387	–	2,516	–	0.34%	–
TCOM	New	Trip.com Group Ltd. Sponsored	$757,120	–	21,632	–	0.33%	–
TTE	New	TotalEnergies SE Sponsored ADR	$750,530	–	13,021	–	0.32%	–
EC	New	Ecopetrol SA Sponsored ADR	$720,124	–	70,256	–	0.31%	–
SIMO	New	Silicon Motion Technology Corp	$705,881	–	9,823	–	0.31%	–
	New	Shell PLC Sponsored ADR	$680,603	–	11,272	–	0.30%	–
PAC	New	Grupo Aeroportuario Del Pacifi	$663,587	–	3,713	–	0.29%	–
JD	New	JD.com, Inc. Sponsored ADR Cla	$660,313	–	19,347	–	0.29%	–
AZN	New	ASTRAZENECA PLC ADR	$642,412	–	8,976	–	0.28%	–
SIEGY	New	Siemens Aktiengesellschaft Spo	$634,500	–	7,607	–	0.28%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$615,159	–	469	–	0.27%	–
ASX	New	ASE Technology Holding Co., Lt	$615,293	–	78,985	–	0.27%	–
WNS	New	WNS (Holdings) Limited Sponsor	$611,802	–	8,299	–	0.26%	–
PDD	New	PDD Holdings Inc. Sponsored AD	$594,950	–	8,605	–	0.26%	–
BIDU	New	Baidu Inc Sponsored ADR Class	$585,838	–	4,279	–	0.25%	–
NVS	New	NOVARTIS AG ADR	$582,856	–	5,776	–	0.25%	–
UMC	New	United Microelectronics Corp S	$574,100	–	72,763	–	0.25%	–
MPNGY	New	Meituan Unsponsored ADR Class	$567,477	–	18,061	–	0.25%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$559,451	–	33,480	–	0.24%	–
CB	New	CHUBB LIMITED	$552,262	–	2,868	–	0.24%	–
NJDCY	New	NIDEC CORP ADR	$547,670	–	39,715	–	0.24%	–
ADDYY	New	ADIDAS AG ADR	$522,910	–	5,372	–	0.23%	–
BZLFY	New	Bunzl plc Sponsored ADR	$491,987	–	12,886	–	0.21%	–
TD	New	Toronto-Dominion Bank	$488,515	–	7,878	–	0.21%	–
BAP	New	Credicorp Ltd.	$489,131	–	3,313	–	0.21%	–
QURE	New	uniQure N.V.	$488,242	–	42,604	–	0.21%	–
CX	New	Cemex SAB de CV Sponsored ADR	$484,322	–	68,407	–	0.21%	–
DEO	New	DIAGEO PLC	$483,142	–	2,785	–	0.21%	–
BBD	New	Banco Bradesco S.A. Sponsored	$465,643	–	134,579	–	0.20%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$457,268	–	7,662	–	0.20%	–
TLK	New	PT Telkom Indonesia (Persero)	$454,964	–	17,059	–	0.20%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$452,562	–	7,089	–	0.20%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$449,968	–	15,248	–	0.20%	–
HSBC	New	HSBC Holdings PLC Sponsored AD	$447,191	–	11,287	–	0.19%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$414,397	–	7,928	–	0.18%	–
KT	New	KT Corporation Sponsored ADR	$410,179	–	36,299	–	0.18%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$408,467	–	46,549	–	0.18%	–
WF	New	Woori Financial Group Inc.	$363,663	–	13,494	–	0.16%	–
TM	New	Toyota Motor Corp.	$359,437	–	2,236	–	0.16%	–
IDCBY	New	Industrial & Commerical Bank o	$360,717	–	33,902	–	0.16%	–
ABEV	New	Ambev SA Sponsored ADR	$357,747	–	112,499	–	0.16%	–
FMX	New	Fomento Economico Mexicano S.A	$348,813	–	3,147	–	0.15%	–
HIMX	New	Himax Technologies, Inc. Spons	$338,742	–	50,184	–	0.15%	–
CCJ	New	Cameco Corp.	$325,957	–	10,404	–	0.14%	–
SHG	New	Shinhan Financial Group Co Ltd	$323,822	–	12,426	–	0.14%	–
SFTBY	New	SoftBank Group Corp. Unsponsor	$322,438	–	13,680	–	0.14%	–
KPCPY	New	Kasikornbank Public Co. Ltd. U	$321,982	–	22,221	–	0.14%	–
ALC	New	Alcon AG	$317,684	–	3,869	–	0.14%	–
DOX	New	AMDOCS LIMITED ORD	$310,092	–	3,137	–	0.13%	–
VEOEY	New	Veolia Environnement	$279,173	–	17,536	–	0.12%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$263,818	–	21,008	–	0.11%	–
ANPDY	New	ANTA Sports Products Ltd. Unsp	$258,797	–	1,010	–	0.11%	–
MDT	New	MEDTRONIC PLC	$254,961	–	2,894	–	0.11%	–
GOLD	New	Barrick Gold Corp.	$252,765	–	14,930	–	0.11%	–
TAL	New	Tal Education Group	$244,390	–	41,005	–	0.11%	–
ACGL	New	ARCH CAPITAL GROUP LTD	$219,909	–	2,938	–	0.10%	–
CIHKY	New	China Merchants Bank Co Ltd.	$208,842	–	9,192	–	0.09%	–
YNDX	New	Yandex NV Class A	$210,973	–	11,139	–	0.09%	–
CRZBY	New	Commerzbank AG Sponsored ADR	$156,529	–	14,089	–	0.07%	–
SEKEY	New	Seiko Epson	$131,781	–	17,048	–	0.06%	–
AMCR	New	Amcor PLC	$128,273	–	12,853	–	0.06%	–
NILSY	New	MMC Norilsk Nickel	$112,042	–	37,100	–	0.05%	–
LUKOY	New	Oil company LUKOIL PJSC Sponso	$93,960	–	13,500	–	0.04%	–
OGZPY	New	Gazprom PJSC Sponsored ADR	$73,480	–	66,800	–	0.03%	–
AEG	New	Aegon NV ADR	$71,817	–	14,165	–	0.03%	–
	New	Atari, Inc.	$1,806	–	12,900	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	Atari SA	$0	–	-12,900	–	-0.00%	–
HUT	Exit	Hut 8 Mining Corp.	$0	–	-10,363	–	-0.01%	–
SBRCY	Exit	Sberbank Russia OJSC Sponsored	$0	–	-71,419	–	-0.02%	–
AEG	Exit	Aegon NV ADR	$0	–	-18,574	–	-0.04%	–
OGZPY	Exit	Public Joint-Stock Company Gaz	$0	–	-66,800	–	-0.04%	–
LUKOY	Exit	Oil company LUKOIL PJSC Sponso	$0	–	-13,500	–	-0.05%	–
TSRYY	Exit	TREASURY WINE ESTATES ADR	$0	–	-11,809	–	-0.05%	–
CRZBY	Exit	Commerzbank AG Sponsored ADR	$0	–	-15,562	–	-0.06%	–
NILSY	Exit	MMC Norilsk Nickel	$0	–	-37,100	–	-0.06%	–
SEKEY	Exit	Seiko Epson	$0	–	-18,048	–	-0.07%	–
ADYEY	Exit	Adyen N.V. Unsponsored ADR	$0	–	-10,105	–	-0.07%	–
AMCR	Exit	Amcor PLC	$0	–	-12,028	–	-0.07%	–
CX	Exit	Cemex SAB de CV Sponsored ADR	$0	–	-40,383	–	-0.08%	–
TAL	Exit	Tal Education Group	$0	–	-30,005	–	-0.08%	–
VOD	Exit	VODAFONE GROUP PLC - SP ADR	$0	–	-15,193	–	-0.10%	–
ACH	Exit	Aluminum Corp. Of China Ltd.	$0	–	-24,093	–	-0.10%	–
JBAXY	Exit	Julius Baer Gruppe AG Unsponso	$0	–	-22,203	–	-0.11%	–
DOX	Exit	AMDOCS LIMITED ORD	$0	–	-2,734	–	-0.12%	–
YNDX	Exit	Yandex NV Class A	$0	–	-11,508	–	-0.12%	–
CIHKY	Exit	China Merchants Bank Co Ltd.	$0	–	-9,433	–	-0.12%	–
SIEGY	Exit	SIEMENS AG ADR	$0	–	-4,664	–	-0.13%	–
SFTBY	Exit	SoftBank Group Corp. Unsponsor	$0	–	-13,694	–	-0.13%	–
ADDYY	Exit	ADIDAS AG ADR	$0	–	-4,039	–	-0.13%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,905	–	-0.13%	–
HSBC	Exit	HSBC Holdings PLC Sponsored AD	$0	–	-9,034	–	-0.13%	–
RIO	Exit	RIO TINTO PLC SPONSORED ADR	$0	–	-4,412	–	-0.14%	–
ANPDY	Exit	ANTA Sports Products Ltd. Unsp	$0	–	-951	–	-0.14%	–
HIMX	Exit	Himax Technologies, Inc. Spons	$0	–	-53,213	–	-0.14%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-3,551	–	-0.15%	–
CCJ	Exit	Cameco Corp.	$0	–	-10,720	–	-0.16%	–
SHG	Exit	Shinhan Financial Group Co Ltd	$0	–	-12,537	–	-0.16%	–
TM	Exit	Toyota Motor Corp.	$0	–	-2,233	–	-0.16%	–
IBDRY	Exit	IBERDROLA SA SPONSORED ADR	$0	–	-7,907	–	-0.16%	–
ABEV	Exit	Ambev SA Sponsored ADR	$0	–	-106,757	–	-0.17%	–
WF	Exit	Woori Financial Group Inc.	$0	–	-13,612	–	-0.17%	–
IDCBY	Exit	Industrial & Commerical Bank o	$0	–	-34,212	–	-0.18%	–
SHECY	Exit	SHIN-ETSU CHEM UNSPON ADR	$0	–	-13,402	–	-0.18%	–
KPCPY	Exit	Kasikornbank Public Co. Ltd. U	$0	–	-22,421	–	-0.19%	–
BSAC	Exit	Banco Santander-Chile	$0	–	-26,151	–	-0.20%	–
LZAGY	Exit	LONZA GROUP AG UNSPON ADR	$0	–	-7,741	–	-0.21%	–
BZLFY	Exit	Bunzl plc Sponsored ADR	$0	–	-13,252	–	-0.22%	–
PDD	Exit	Pinduoduo, Inc. Sponsored ADR	$0	–	-6,507	–	-0.23%	–
TCOM	Exit	Trip.com Group Ltd. Sponsored	$0	–	-14,976	–	-0.23%	–
BAP	Exit	Credicorp Ltd.	$0	–	-3,342	–	-0.23%	–
NTTYY	Exit	NIPPON TEL & TEL CORP ADR	$0	–	-15,251	–	-0.23%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-7,569	–	-0.23%	–
TTM	Exit	Tata Motors Limited Sponsored	$0	–	-17,563	–	-0.24%	–
LFC	Exit	China Life Insurance Co. Ltd.	$0	–	-67,810	–	-0.24%	–
NABZY	Exit	NATIONAL AUSTRALIA BANK ADR	$0	–	-46,549	–	-0.24%	–
KT	Exit	KT Corporation Sponsored ADR	$0	–	-36,691	–	-0.25%	–
TCEHY	Exit	Tencent Holdings Ltd. Unsponso	$0	–	-13,906	–	-0.26%	–
DEO	Exit	DIAGEO PLC	$0	–	-2,783	–	-0.26%	–
PAC	Exit	Grupo Aeroportuario Del Pacifi	$0	–	-3,746	–	-0.26%	–
FN	Exit	Fabrinet	$0	–	-5,242	–	-0.28%	–
BIDU	Exit	Baidu Inc Sponsored ADR Class	$0	–	-4,327	–	-0.28%	–
ASX	Exit	ASE Technology Holding Co., Lt	$0	–	-102,283	–	-0.28%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,868	–	-0.29%	–
BNPQY	Exit	BNP PARIBAS	$0	–	-25,102	–	-0.30%	–
TLK	Exit	PT Telkom Indonesia (Persero)	$0	–	-18,997	–	-0.31%	–
	Exit	Shell PLC Sponsored ADR	$0	–	-11,273	–	-0.31%	–
MPNGY	Exit	Meituan	$0	–	-13,371	–	-0.32%	–
NJDCY	Exit	NIDEC CORP ADR	$0	–	-40,457	–	-0.32%	–
UMC	Exit	United Microelectronics Corp S	$0	–	-106,983	–	-0.33%	–
BKRKY	Exit	PT Bank Rakyat Indonesia (Pers	$0	–	-44,025	–	-0.34%	–
GOLD	Exit	Barrick Gold Corp.	$0	–	-40,094	–	-0.35%	–
TD	Exit	Toronto-Dominion Bank	$0	–	-10,174	–	-0.35%	–
BBD	Exit	Banco Bradesco S.A. Sponsored	$0	–	-169,529	–	-0.35%	–
NGG	Exit	National Grid Transco	$0	–	-12,181	–	-0.35%	–
NSRGY	Exit	Nestle S.A. Sponsored ADR	$0	–	-5,851	–	-0.35%	–
EC	Exit	Ecopetrol SA Sponsored ADR	$0	–	-71,065	–	-0.35%	–
SIMO	Exit	Silicon Motion Technology Corp	$0	–	-9,908	–	-0.36%	–
TTE	Exit	TotalEnergies SE Sponsored ADR	$0	–	-14,256	–	-0.37%	–
WNS	Exit	WNS (Holdings) Limited Sponsor	$0	–	-8,145	–	-0.37%	–
EXPGY	Exit	Experian PLC	$0	–	-23,007	–	-0.38%	–
MTD	Exit	METTLER-TOLEDO INTL W/1 RT/SH	$0	–	-635	–	-0.38%	–
JD	Exit	JD.com, Inc. Sponsored ADR Cla	$0	–	-14,180	–	-0.40%	–
WMMVY	Exit	Wal-Mart de Mexico SAB de CV S	$0	–	-21,465	–	-0.42%	–
AU	Exit	AngloGold Ashanti Limited Spon	$0	–	-54,669	–	-0.42%	–
RDY	Exit	Dr. Reddy's Laboratories Ltd.	$0	–	-14,825	–	-0.43%	–
DASTY	Exit	DASSAULT SYSTEMS ADR	$0	–	-23,089	–	-0.44%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-3,224	–	-0.46%	–
IFNNY	Exit	INFINEON TECHNOLOGIES	$0	–	-40,858	–	-0.50%	–
VALE	Exit	Vale S.A. Sponsored ADR	$0	–	-69,912	–	-0.52%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-2,707	–	-0.55%	–
YUMC	Exit	Yum China Holdings, Inc.	$0	–	-24,087	–	-0.64%	–
MELI	Exit	MercadoLibre, Inc.	$0	–	-1,417	–	-0.65%	–
SOUHY	Exit	South32 Ltd. ADR	$0	–	-99,813	–	-0.66%	–
	Exit	SK Telecom Co., Ltd. Sponsored	$0	–	-62,828	–	-0.68%	–
LYG	Exit	Lloyds Banking Group plc Spons	$0	–	-858,762	–	-0.86%	–
GRFS	Exit	Grifols, S.A. Sponsored ADR Cl	$0	–	-249,973	–	-0.86%	–
PPERY	Exit	PT Bank Mandiri (Persero) Tbk	$0	–	-129,392	–	-0.88%	–
PBR	Exit	Petroleo Brasileiro SA Sponsor	$0	–	-130,335	–	-0.90%	–
RELX	Exit	RELX PLC Sponsored ADR	$0	–	-68,638	–	-0.93%	–
QURE	Exit	uniQure N.V.	$0	–	-89,469	–	-0.94%	–
BABA	Exit	Alibaba Group Holding Ltd. Spo	$0	–	-22,148	–	-0.99%	–
KB	Exit	KB Financial Group Inc. Sponso	$0	–	-60,001	–	-1.01%	–
INFY	Exit	Infosys Limited Sponsored ADR	$0	–	-109,240	–	-1.03%	–
ERIC	Exit	Telefonaktiebolaget LM Ericsso	$0	–	-342,428	–	-1.10%	–
TECK	Exit	Teck Resources Ltd.	$0	–	-64,915	–	-1.10%	–
AAGIY	Exit	AIA GROUP LTD	$0	–	-70,340	–	-1.30%	–
HDB	Exit	HDFC Bank Limited Sponsored AD	$0	–	-40,040	–	-1.30%	–
SQM	Exit	Sociedad Quimica Y Minera De C	$0	–	-27,485	–	-1.39%	–
ASND	Exit	Ascendis Pharma A/S Sponsored	$0	–	-26,023	–	-1.50%	–
AMX	Exit	America Movil SAB de CV Sponso	$0	–	-163,645	–	-1.50%	–
MKKGY	Exit	Merck KGaA Sponsored ADR	$0	–	-84,697	–	-1.53%	–
OTEX	Exit	Open Text Corp.	$0	–	-108,517	–	-1.60%	–
CAE	Exit	Cae Inc.	$0	–	-194,381	–	-1.66%	–
SAP	Exit	SAP SE Sponsored ADR	$0	–	-38,171	–	-1.73%	–
LOGI	Exit	Logitech International S.A.	$0	–	-69,497	–	-1.78%	–
IX	Exit	ORIX Corporation Sponsored ADR	$0	–	-55,129	–	-2.17%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-35,786	–	-2.24%	–
SHOP	Exit	Shopify, Inc. Class A	$0	–	-154,374	–	-2.32%	–
AER	Exit	Aercap Holdings N.V.	$0	–	-98,718	–	-2.33%	–
ASML	Exit	ASML HOLDING NV	$0	–	-10,310	–	-2.39%	–
TSM	Exit	Taiwan Semiconductor Manufactu	$0	–	-62,554	–	-2.39%	–
SNN	Exit	Smith & Nephew Plc	$0	–	-185,565	–	-2.40%	–
NOK	Exit	Nokia Oyj Sponsored ADR	$0	–	-1,070,244	–	-2.55%	–
PSO	Exit	PEARSON PLC SPONSORED ADR ADR	$0	–	-496,764	–	-2.65%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP	$0	–	-99,649	–	-2.70%	–
IBN	Exit	ICICI Bank Limited Sponsored A	$0	–	-241,124	–	-2.82%	–
ICLR	Exit	Icon Plc	$0	–	-27,862	–	-2.86%	–
ESLT	Exit	Elbit Systems Ltd.	$0	–	-29,322	–	-3.11%	–
STM	Exit	Stmicroelectronics N.V.	$0	–	-187,591	–	-3.24%	–
GIB	Exit	CGI Inc. Class A	$0	–	-89,299	–	-3.75%	–
UBS	Exit	UBS Group AG	$0	–	-466,576	–	-3.78%	–
RACE	Exit	Ferrari NV	$0	–	-40,491	–	-4.18%	–
SONY	Exit	Sony Group Corporation Sponsor	$0	–	-125,426	–	-4.48%	–

Q3 2022

			Value		Shares		↓ Weighting
SONY	Sell	Sony Group Corporation Sponsor	$8,034,000	-21.7%	125,426	-0.0%	4.48%	-12.8%
UBS	Buy	UBS Group AG	$6,770,000	-10.5%	466,576	+0.0%	3.78%	-0.4%
GIB	Buy	CGI Inc. Class A	$6,719,000	-5.5%	89,299	+0.0%	3.75%	+5.2%
STM	Sell	Stmicroelectronics N.V.	$5,804,000	-1.7%	187,591	-0.0%	3.24%	+9.5%
ESLT	Sell	Elbit Systems Ltd.	$5,576,000	-17.1%	29,322	-0.0%	3.11%	-7.6%
IBN	Sell	ICICI Bank Limited Sponsored A	$5,056,000	+15.9%	241,124	-2.0%	2.82%	+29.1%
PSO	Sell	PEARSON PLC SPONSORED ADR ADR	$4,744,000	+3.6%	496,764	-0.0%	2.65%	+15.4%
NOK	Buy	Nokia Oyj Sponsored ADR	$4,570,000	+5.7%	1,070,244	+14.1%	2.55%	+17.7%
SNN	Sell	Smith & Nephew Plc	$4,309,000	-17.5%	185,565	-0.9%	2.40%	-8.1%
ASML	Sell	ASML HOLDING NV	$4,282,000	-12.7%	10,310	-0.0%	2.39%	-2.8%
AER	Sell	Aercap Holdings N.V.	$4,179,000	+3.4%	98,718	-0.0%	2.33%	+15.2%
SHOP	Buy	Shopify, Inc. Class A	$4,159,000	+72.9%	154,374	+100.5%	2.32%	+92.4%
CAE	Sell	Cae Inc.	$2,980,000	-37.7%	194,381	-0.0%	1.66%	-30.6%
AMX	Sell	America Movil SAB de CV Sponso	$2,695,000	-41.3%	163,645	-27.2%	1.50%	-34.6%
ASND	Buy	Ascendis Pharma A/S Sponsored	$2,687,000	+23.9%	26,023	+11.6%	1.50%	+38.1%
SQM	Buy	Sociedad Quimica Y Minera De C	$2,494,000	+8.8%	27,485	+0.1%	1.39%	+21.2%
HDB	Buy	HDFC Bank Limited Sponsored AD	$2,339,000	+28.1%	40,040	+20.5%	1.30%	+42.7%
AAGIY	Buy	AIA GROUP LTD	$2,327,000	-24.5%	70,340	+0.0%	1.30%	-15.9%
TECK	Sell	Teck Resources Ltd.	$1,974,000	-0.6%	64,915	-0.0%	1.10%	+10.8%
ERIC	Sell	Telefonaktiebolaget LM Ericsso	$1,966,000	-43.3%	342,428	-26.9%	1.10%	-36.9%
INFY	Buy	Infosys Limited Sponsored ADR	$1,854,000	-8.3%	109,240	+0.1%	1.03%	+2.2%
KB	Buy	KB Financial Group Inc. Sponso	$1,808,000	-19.0%	60,001	+0.0%	1.01%	-9.8%
BABA	Buy	Alibaba Group Holding Ltd. Spo	$1,772,000	-24.8%	22,148	+6.8%	0.99%	-16.3%
QURE	Buy	uniQure N.V.	$1,678,000	+27.8%	89,469	+27.0%	0.94%	+42.5%
PBR	Buy	Petroleo Brasileiro SA Sponsor	$1,608,000	+5.7%	130,335	+0.0%	0.90%	+17.7%
LYG	Sell	Lloyds Banking Group plc Spons	$1,537,000	-12.3%	858,762	-0.0%	0.86%	-2.3%
	Buy	SK Telecom Co., Ltd. Sponsored	$1,210,000	-13.7%	62,828	+0.0%	0.68%	-3.8%
MELI	Buy	MercadoLibre, Inc.	$1,173,000	+30.3%	1,417	+0.3%	0.65%	+45.0%
YUMC	Buy	Yum China Holdings, Inc.	$1,140,000	+24.0%	24,087	+27.1%	0.64%	+38.3%
EPAM	Buy	EPAM Systems, Inc.	$980,000	+23.0%	2,707	+0.1%	0.55%	+37.1%
VALE	Buy	Vale S.A. Sponsored ADR	$931,000	-8.9%	69,912	+0.1%	0.52%	+1.4%
IFNNY	Sell	INFINEON TECHNOLOGIES	$897,000	-9.2%	40,858	-0.0%	0.50%	+1.0%
RDY	Buy	Dr. Reddy's Laboratories Ltd.	$776,000	-5.4%	14,825	+0.1%	0.43%	+5.4%
AU	Buy	AngloGold Ashanti Limited Spon	$756,000	-6.4%	54,669	+0.0%	0.42%	+4.2%
WMMVY	Buy	Wal-Mart de Mexico SAB de CV S	$751,000	+2.2%	21,465	+0.2%	0.42%	+13.9%
JD	Buy	JD.com, Inc. Sponsored ADR Cla	$713,000	-21.6%	14,180	+0.2%	0.40%	-12.5%
WNS	Buy	WNS (Holdings) Limited Sponsor	$667,000	+9.9%	8,145	+0.2%	0.37%	+22.4%
SIMO	Buy	Silicon Motion Technology Corp	$646,000	-22.1%	9,908	+0.1%	0.36%	-13.3%
EC	Buy	Ecopetrol SA Sponsored ADR	$635,000	-17.6%	71,065	+0.1%	0.35%	-8.3%
NSRGY	Sell	Nestle S.A. Sponsored ADR	$630,000	-7.6%	5,851	-0.2%	0.35%	+2.9%
BBD	Buy	Banco Bradesco S.A. Sponsored	$624,000	+13.0%	169,529	+0.1%	0.35%	+26.1%
TD	Sell	Toronto-Dominion Bank	$624,000	-6.6%	10,174	-0.2%	0.35%	+4.2%
BKRKY	Buy	PT Bank Rakyat Indonesia (Pers	$618,000	+1.3%	44,025	+0.2%	0.34%	+13.1%
UMC	Buy	United Microelectronics Corp S	$596,000	-17.7%	106,983	+0.0%	0.33%	-8.5%
NJDCY	Sell	NIDEC CORP ADR	$566,000	-9.7%	40,457	-0.1%	0.32%	+0.6%
MPNGY	Buy	Meituan	$564,000	+11.2%	13,371	+31.7%	0.32%	+24.0%
TLK	Buy	PT Telkom Indonesia (Persero)	$548,000	+6.8%	18,997	+0.1%	0.31%	+19.1%
ASX	Buy	ASE Technology Holding Co., Lt	$510,000	-3.4%	102,283	+0.1%	0.28%	+7.6%
BIDU	Buy	Baidu Inc Sponsored ADR Class	$508,000	-21.0%	4,327	+0.2%	0.28%	-12.1%
FN	Buy	Fabrinet	$500,000	+17.9%	5,242	+0.2%	0.28%	+31.6%
PAC	Sell	Grupo Aeroportuario Del Pacifi	$475,000	-10.4%	3,746	-1.3%	0.26%	0.0%
TCEHY	Buy	Tencent Holdings Ltd. Unsponso	$470,000	-25.4%	13,906	+0.2%	0.26%	-16.8%
KT	Buy	KT Corporation Sponsored ADR	$448,000	-12.3%	36,691	+0.2%	0.25%	-2.3%
LFC	Buy	China Life Insurance Co. Ltd.	$430,000	+4.4%	67,810	+42.1%	0.24%	+16.5%
TTM	Buy	Tata Motors Limited Sponsored	$426,000	-6.2%	17,563	+0.2%	0.24%	+4.8%
NTTYY	Sell	NIPPON TEL & TEL CORP ADR	$413,000	-5.9%	15,251	-0.1%	0.23%	+4.5%
BAP	Buy	Credicorp Ltd.	$410,000	+2.5%	3,342	+0.1%	0.23%	+14.5%
TCOM	Buy	Trip.com Group Ltd. Sponsored	$409,000	-0.2%	14,976	+0.2%	0.23%	+11.2%
LZAGY	Sell	LONZA GROUP AG UNSPON ADR	$377,000	-8.7%	7,741	-0.0%	0.21%	+1.4%
BSAC	Sell	Banco Santander-Chile	$366,000	-14.1%	26,151	-0.0%	0.20%	-4.2%
KPCPY	Buy	Kasikornbank Public Co. Ltd. U	$338,000	-11.5%	22,421	+0.3%	0.19%	-1.6%
IDCBY	Buy	Industrial & Commerical Bank o	$321,000	-20.1%	34,212	+0.2%	0.18%	-10.9%
WF	Buy	Woori Financial Group Inc.	$304,000	-20.8%	13,612	+0.2%	0.17%	-11.5%
ABEV	Buy	Ambev SA Sponsored ADR	$302,000	+12.7%	106,757	+0.1%	0.17%	+25.4%
IBDRY	Sell	IBERDROLA SA SPONSORED ADR	$294,000	-10.1%	7,907	-0.1%	0.16%	0.0%
SHG	Buy	Shinhan Financial Group Co Ltd	$288,000	-19.3%	12,537	+0.3%	0.16%	-10.1%
CCJ	Sell	Cameco Corp.	$284,000	+22.9%	10,720	-2.5%	0.16%	+36.2%
HIMX	Buy	Himax Technologies, Inc. Spons	$258,000	-35.0%	53,213	+0.2%	0.14%	-27.6%
ANPDY	Buy	ANTA Sports Products Ltd. Unsp	$252,000	-14.6%	951	+0.4%	0.14%	-4.7%
SFTBY	Sell	SoftBank Group Corp. Unsponsor	$231,000	-12.8%	13,694	-0.2%	0.13%	-3.0%
ADDYY	Sell	ADIDAS AG ADR	$232,000	-35.2%	4,039	-0.1%	0.13%	-27.9%
CIHKY	Buy	China Merchants Bank Co Ltd.	$218,000	-31.4%	9,433	+0.1%	0.12%	-23.3%
JBAXY	Sell	Julius Baer Gruppe AG Unsponso	$192,000	-6.3%	22,203	-0.0%	0.11%	+3.9%
ACH	Sell	Aluminum Corp. Of China Ltd.	$189,000	-17.8%	24,093	-0.2%	0.10%	-8.7%
AMCR	Sell	Amcor PLC	$129,000	-14.0%	12,028	-0.4%	0.07%	-4.0%
ADYEY	Buy	Adyen N.V. Unsponsored ADR	$127,000	-13.0%	10,105	+1.0%	0.07%	-2.7%
SEKEY	Sell	Seiko Epson	$123,000	-3.1%	18,048	-0.4%	0.07%	+7.8%
CRZBY	Sell	Commerzbank AG Sponsored ADR	$110,000	-42.7%	15,562	-43.3%	0.06%	-36.5%
AEG	Sell	Aegon NV ADR	$74,000	-8.6%	18,574	-0.0%	0.04%	0.0%
HUT	Sell	Hut 8 Mining Corp.	$18,000	+28.6%	10,363	-1.5%	0.01%	+42.9%
	Sell	Atari SA	$2,000	-50.0%	12,900	-37.7%	0.00%	-50.0%
SYIEY	Exit	Symrise AG Unsponsored ADR	$0	–	-8,161	–	-0.11%	–
VEOEY	Exit	Veolia Environnement	$0	–	-9,453	–	-0.12%	–
HNP	Exit	Huaneng Power International, I	$0	–	-29,085	–	-0.28%	–
AON	Exit	Aon Plc Class A	$0	–	-2,700	–	-0.36%	–

Q2 2022

			Value		Shares		↓ Weighting
SONY	New	Sony Group Corporation Sponsor	$10,257,000	–	125,432	–	5.14%	–
UBS	New	UBS Group AG	$7,568,000	–	466,574	–	3.79%	–
RACE	New	Ferrari NV	$7,429,000	–	40,491	–	3.72%	–
GIB	New	CGI Inc. Class A	$7,112,000	–	89,284	–	3.56%	–
ESLT	New	Elbit Systems Ltd.	$6,725,000	–	29,325	–	3.37%	–
ICLR	New	Icon Plc	$6,038,000	–	27,862	–	3.02%	–
STM	New	Stmicroelectronics N.V.	$5,904,000	–	187,605	–	2.96%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$5,386,000	–	99,649	–	2.70%	–
SNN	New	Smith & Nephew Plc	$5,225,000	–	187,158	–	2.62%	–
TSM	New	Taiwan Semiconductor Manufactu	$5,114,000	–	62,554	–	2.56%	–
ASML	New	ASML HOLDING NV	$4,907,000	–	10,311	–	2.46%	–
CAE	New	Cae Inc.	$4,786,000	–	194,384	–	2.40%	–
IX	New	ORIX Corporation Sponsored ADR	$4,640,000	–	55,129	–	2.32%	–
AMX	New	America Movil SAB de CV Sponso	$4,590,000	–	224,646	–	2.30%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$4,580,000	–	496,777	–	2.29%	–
IBN	New	ICICI Bank Limited Sponsored A	$4,364,000	–	246,012	–	2.18%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$4,358,000	–	35,786	–	2.18%	–
NOK	New	Nokia Oyj Sponsored ADR	$4,324,000	–	937,885	–	2.16%	–
OTEX	New	Open Text Corp.	$4,106,000	–	108,517	–	2.06%	–
AER	New	Aercap Holdings N.V.	$4,042,000	–	98,725	–	2.02%	–
LOGI	New	Logitech International S.A.	$3,618,000	–	69,497	–	1.81%	–
ERIC	New	Telefonaktiebolaget LM Ericsso	$3,467,000	–	468,535	–	1.74%	–
SAP	New	SAP SE Sponsored ADR	$3,463,000	–	38,171	–	1.73%	–
AAGIY	New	AIA GROUP LTD	$3,081,000	–	70,319	–	1.54%	–
GRFS	New	Grifols, S.A. Sponsored ADR Cl	$2,970,000	–	249,973	–	1.49%	–
MKKGY	New	Merck KGaA Sponsored ADR	$2,853,000	–	84,697	–	1.43%	–
SHOP	New	Shopify, Inc. Class A	$2,406,000	–	77,010	–	1.20%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$2,357,000	–	20,733	–	1.18%	–
SQM	New	Sociedad Quimica Y Minera De C	$2,293,000	–	27,454	–	1.15%	–
KB	New	KB Financial Group Inc. Sponso	$2,232,000	–	59,998	–	1.12%	–
ASND	New	Ascendis Pharma A/S Sponsored	$2,168,000	–	23,322	–	1.08%	–
INFY	New	Infosys Limited Sponsored ADR	$2,021,000	–	109,165	–	1.01%	–
TECK	New	Teck Resources Ltd.	$1,985,000	–	64,920	–	0.99%	–
RELX	New	RELX PLC Sponsored ADR	$1,849,000	–	68,638	–	0.93%	–
HDB	New	HDFC Bank Limited Sponsored AD	$1,826,000	–	33,225	–	0.91%	–
LYG	New	Lloyds Banking Group plc Spons	$1,752,000	–	858,780	–	0.88%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$1,522,000	–	130,330	–	0.76%	–
	New	SK Telecom Co., Ltd. Sponsored	$1,402,000	–	62,816	–	0.70%	–
PPERY	New	PT Bank Mandiri (Persero) Tbk	$1,369,000	–	129,392	–	0.68%	–
SOUHY	New	South32 Ltd. ADR	$1,348,000	–	99,813	–	0.68%	–
QURE	New	uniQure N.V.	$1,313,000	–	70,464	–	0.66%	–
VALE	New	Vale S.A. Sponsored ADR	$1,022,000	–	69,830	–	0.51%	–
IFNNY	New	INFINEON TECHNOLOGIES	$988,000	–	40,859	–	0.50%	–
YUMC	New	Yum China Holdings, Inc.	$919,000	–	18,948	–	0.46%	–
JD	New	JD.com, Inc. Sponsored ADR Cla	$909,000	–	14,157	–	0.46%	–
MELI	New	MercadoLibre, Inc.	$900,000	–	1,413	–	0.45%	–
ACN	New	ACCENTURE PLC CL A	$895,000	–	3,224	–	0.45%	–
DASTY	New	DASSAULT SYSTEMS ADR	$851,000	–	23,089	–	0.43%	–
SIMO	New	Silicon Motion Technology Corp	$829,000	–	9,899	–	0.42%	–
RDY	New	Dr. Reddy's Laboratories Ltd.	$820,000	–	14,807	–	0.41%	–
AU	New	AngloGold Ashanti Limited Spon	$808,000	–	54,663	–	0.40%	–
EPAM	New	EPAM Systems, Inc.	$797,000	–	2,704	–	0.40%	–
NGG	New	National Grid Transco	$788,000	–	12,181	–	0.40%	–
EC	New	Ecopetrol SA Sponsored ADR	$771,000	–	71,001	–	0.39%	–
TTE	New	TotalEnergies SE Sponsored ADR	$750,000	–	14,256	–	0.38%	–
WMMVY	New	Wal-Mart de Mexico SAB de CV S	$735,000	–	21,425	–	0.37%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$729,000	–	635	–	0.36%	–
AON	New	Aon Plc Class A	$728,000	–	2,700	–	0.36%	–
UMC	New	United Microelectronics Corp S	$724,000	–	106,941	–	0.36%	–
GOLD	New	Barrick Gold Corp.	$709,000	–	40,094	–	0.36%	–
NSRGY	New	Nestle S.A. Sponsored ADR	$682,000	–	5,860	–	0.34%	–
EXPGY	New	Experian PLC	$675,000	–	23,007	–	0.34%	–
TD	New	Toronto-Dominion Bank	$668,000	–	10,190	–	0.33%	–
BIDU	New	Baidu Inc Sponsored ADR Class	$643,000	–	4,320	–	0.32%	–
TCEHY	New	Tencent Holdings Ltd. Unsponso	$630,000	–	13,883	–	0.32%	–
NJDCY	New	NIDEC CORP ADR	$627,000	–	40,488	–	0.31%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$610,000	–	43,943	–	0.30%	–
WNS	New	WNS (Holdings) Limited Sponsor	$607,000	–	8,130	–	0.30%	–
BNPQY	New	BNP PARIBAS	$602,000	–	25,102	–	0.30%	–
	New	Shell PLC Sponsored ADR	$589,000	–	11,273	–	0.30%	–
CB	New	CHUBB LIMITED	$564,000	–	2,868	–	0.28%	–
HNP	New	Huaneng Power International, I	$558,000	–	29,085	–	0.28%	–
BBD	New	Banco Bradesco S.A. Sponsored	$552,000	–	169,276	–	0.28%	–
PAC	New	Grupo Aeroportuario Del Pacifi	$530,000	–	3,795	–	0.26%	–
ASX	New	ASE Technology Holding Co., Lt	$528,000	–	102,209	–	0.26%	–
TLK	New	PT Telkom Indonesia (Persero)	$513,000	–	18,983	–	0.26%	–
KT	New	KT Corporation Sponsored ADR	$511,000	–	36,618	–	0.26%	–
MPNGY	New	Meituan	$507,000	–	10,149	–	0.25%	–
AZN	New	ASTRAZENECA PLC ADR	$500,000	–	7,569	–	0.25%	–
DEO	New	DIAGEO PLC	$485,000	–	2,783	–	0.24%	–
TTM	New	Tata Motors Limited Sponsored	$454,000	–	17,536	–	0.23%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$439,000	–	15,270	–	0.22%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$437,000	–	46,549	–	0.22%	–
BZLFY	New	Bunzl plc Sponsored ADR	$438,000	–	13,252	–	0.22%	–
BSAC	New	Banco Santander-Chile	$426,000	–	26,153	–	0.21%	–
FN	New	Fabrinet	$424,000	–	5,233	–	0.21%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$413,000	–	7,742	–	0.21%	–
LFC	New	China Life Insurance Co. Ltd.	$412,000	–	47,736	–	0.21%	–
TCOM	New	Trip.com Group Ltd. Sponsored	$410,000	–	14,952	–	0.20%	–
PDD	New	Pinduoduo, Inc. Sponsored ADR	$402,000	–	6,507	–	0.20%	–
IDCBY	New	Industrial & Commerical Bank o	$402,000	–	34,159	–	0.20%	–
BAP	New	Credicorp Ltd.	$400,000	–	3,337	–	0.20%	–
HIMX	New	Himax Technologies, Inc. Spons	$397,000	–	53,101	–	0.20%	–
WF	New	Woori Financial Group Inc.	$384,000	–	13,591	–	0.19%	–
KPCPY	New	Kasikornbank Public Co. Ltd. U	$382,000	–	22,362	–	0.19%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$376,000	–	13,402	–	0.19%	–
ADDYY	New	ADIDAS AG ADR	$358,000	–	4,042	–	0.18%	–
SHG	New	Shinhan Financial Group Co Ltd	$357,000	–	12,494	–	0.18%	–
TM	New	Toyota Motor Corp.	$344,000	–	2,233	–	0.17%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$327,000	–	7,916	–	0.16%	–
CIHKY	New	China Merchants Bank Co Ltd.	$318,000	–	9,424	–	0.16%	–
NVS	New	NOVARTIS AG ADR	$300,000	–	3,551	–	0.15%	–
ANPDY	New	ANTA Sports Products Ltd. Unsp	$295,000	–	947	–	0.15%	–
HSBC	New	HSBC Holdings PLC Sponsored AD	$295,000	–	9,034	–	0.15%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$269,000	–	4,412	–	0.14%	–
ABEV	New	Ambev SA Sponsored ADR	$268,000	–	106,602	–	0.13%	–
SFTBY	New	SoftBank Group Corp. Unsponsor	$265,000	–	13,728	–	0.13%	–
MDT	New	MEDTRONIC PLC	$261,000	–	2,905	–	0.13%	–
SIEGY	New	SIEMENS AG ADR	$238,000	–	4,664	–	0.12%	–
VOD	New	VODAFONE GROUP PLC - SP ADR	$237,000	–	15,193	–	0.12%	–
CCJ	New	Cameco Corp.	$231,000	–	10,992	–	0.12%	–
VEOEY	New	Veolia Environnement	$232,000	–	9,453	–	0.12%	–
ACH	New	Aluminum Corp. Of China Ltd.	$230,000	–	24,140	–	0.12%	–
DOX	New	AMDOCS LIMITED ORD	$228,000	–	2,734	–	0.11%	–
SYIEY	New	Symrise AG Unsponsored ADR	$222,000	–	8,161	–	0.11%	–
YNDX	New	Yandex NV Class A	$218,000	–	11,508	–	0.11%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$205,000	–	22,208	–	0.10%	–
CRZBY	New	Commerzbank AG Sponsored ADR	$192,000	–	27,445	–	0.10%	–
CX	New	Cemex SAB de CV Sponsored ADR	$158,000	–	40,383	–	0.08%	–
AMCR	New	Amcor PLC	$150,000	–	12,081	–	0.08%	–
ADYEY	New	Adyen N.V. Unsponsored ADR	$146,000	–	10,000	–	0.07%	–
TAL	New	Tal Education Group	$146,000	–	30,005	–	0.07%	–
SEKEY	New	Seiko Epson	$127,000	–	18,114	–	0.06%	–
NILSY	New	MMC Norilsk Nickel	$112,000	–	37,100	–	0.06%	–
LUKOY	New	Oil company LUKOIL PJSC Sponso	$94,000	–	13,500	–	0.05%	–
TSRYY	New	TREASURY WINE ESTATES ADR	$93,000	–	11,809	–	0.05%	–
AEG	New	Aegon NV ADR	$81,000	–	18,578	–	0.04%	–
OGZPY	New	Public Joint-Stock Company Gaz	$73,000	–	66,800	–	0.04%	–
SBRCY	New	Sberbank Russia OJSC Sponsored	$37,000	–	71,419	–	0.02%	–
HUT	New	Hut 8 Mining Corp.	$14,000	–	10,522	–	0.01%	–
	New	Atari SA	$4,000	–	20,700	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
	Exit	Atari SA	$0	–	-20,700	–	-0.00%	–
BBD	Exit	Banco Bradesco S.A. Sponsored	$0	–	-15,067	–	-0.02%	–
CRZBY	Exit	Commerzbank AG Sponsored ADR	$0	–	-12,547	–	-0.03%	–
AMCR	Exit	Amcor PLC	$0	–	-10,027	–	-0.04%	–
SEKEY	Exit	Seiko Epson	$0	–	-14,018	–	-0.04%	–
VOD	Exit	VODAFONE GROUP PLC - SP ADR	$0	–	-11,122	–	-0.05%	–
TAL	Exit	Tal Education Group	$0	–	-36,106	–	-0.06%	–
AFLYY	Exit	Air France-Klm (Ads)	$0	–	-40,085	–	-0.06%	–
TLPFY	Exit	Teleperformance SA Unsponsored	$0	–	-1,025	–	-0.06%	–
MKTAY	Exit	Makita Corp.	$0	–	-3,720	–	-0.06%	–
BTCM	Exit	BIT Mining Limited Sponsored A	$0	–	-26,075	–	-0.07%	–
GRVY	Exit	Gravity Co., Ltd. Sponsored AD	$0	–	-2,426	–	-0.07%	–
ADAP	Exit	Adaptimmune Therapeutics PLC S	$0	–	-43,070	–	-0.07%	–
ALPMY	Exit	Astellas Pharma Inc Unsponsore	$0	–	-14,222	–	-0.07%	–
HSBC	Exit	HSBC HLDGS PLC SPONS ADR NEW	$0	–	-9,048	–	-0.08%	–
BLDP	Exit	Ballard Power Systems, Inc.	$0	–	-17,233	–	-0.08%	–
ACCYY	Exit	Accor SA Sponsored ADR	$0	–	-34,030	–	-0.08%	–
PROSY	Exit	Prosus N.V. Sponsored ADR	$0	–	-15,554	–	-0.08%	–
SPOT	Exit	Spotify Technology SA	$0	–	-1,108	–	-0.08%	–
AEG	Exit	Aegon N.V.	$0	–	-50,000	–	-0.08%	–
SYIEY	Exit	Symrise AG Unsponsored ADR	$0	–	-7,717	–	-0.08%	–
VEOEY	Exit	Veolia Environnement	$0	–	-8,223	–	-0.08%	–
VWDRY	Exit	Vestas Wind Systems A/S Unspon	$0	–	-20,506	–	-0.09%	–
KDDIY	Exit	KDDI CORP UNSPONSORED ADR	$0	–	-17,307	–	-0.09%	–
IBDRY	Exit	IBERDROLA SA SPONSORED ADR	$0	–	-7,210	–	-0.09%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-3,559	–	-0.09%	–
CSIQ	Exit	Canadian Solar Inc.	$0	–	-8,957	–	-0.10%	–
LOV	Exit	Spark Networks SE Sponsored AD	$0	–	-94,064	–	-0.10%	–
SIFY	Exit	Sify Ltd.	$0	–	-100,389	–	-0.11%	–
RDHL	Exit	RedHill Biopharma	$0	–	-75,078	–	-0.11%	–
TM	Exit	Toyota Motor Corp.	$0	–	-1,956	–	-0.11%	–
AUTL	Exit	Autolus Therapeutics Plc Spons	$0	–	-54,047	–	-0.11%	–
RIO	Exit	RIO TINTO PLC SPONSORED ADR	$0	–	-5,331	–	-0.11%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,926	–	-0.12%	–
NTTYY	Exit	NIPPON TEL & TEL CORP ADR	$0	–	-13,455	–	-0.12%	–
DBVT	Exit	DBV Technologies SA Sponsored	$0	–	-76,060	–	-0.12%	–
BZLFY	Exit	BUNZL PLC	$0	–	-11,513	–	-0.12%	–
SIEGY	Exit	SIEMENS AG ADR	$0	–	-4,686	–	-0.12%	–
SFTBY	Exit	SOFTBANK GROUP CORP	$0	–	-13,753	–	-0.13%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,314	–	-0.13%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC -ADR	$0	–	-9,242	–	-0.13%	–
TD	Exit	TORONTO DOMINION BANK NY	$0	–	-6,332	–	-0.13%	–
CLLS	Exit	Cellectis SA Sponsored ADR	$0	–	-34,355	–	-0.14%	–
GLPEY	Exit	Galp Energia, SGPS S.A. Unspon	$0	–	-80,086	–	-0.14%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-7,587	–	-0.14%	–
BSAC	Exit	Banco Santander-Chile	$0	–	-23,250	–	-0.14%	–
NABZY	Exit	NATIONAL AUSTRALIA BANK ADR	$0	–	-46,483	–	-0.15%	–
TTE	Exit	TotalEnergies SE Sponsored ADR	$0	–	-9,833	–	-0.15%	–
MOR	Exit	Morphosys AG	$0	–	-40,019	–	-0.15%	–
BB	Exit	BlackBerry Limited	$0	–	-50,075	–	-0.15%	–
MTLS	Exit	Materialise NV Sponsored ADR	$0	–	-26,527	–	-0.17%	–
DEO	Exit	DIAGEO PLC	$0	–	-2,781	–	-0.17%	–
SHECY	Exit	SHIN-ETSU CHEM UNSPON ADR	$0	–	-12,733	–	-0.17%	–
ADDYY	Exit	ADIDAS AG ADR	$0	–	-3,679	–	-0.18%	–
BHC	Exit	Bausch Health Companies Inc.	$0	–	-21,224	–	-0.19%	–
SQNS	Exit	Sequans Communications S.A. AD	$0	–	-135,112	–	-0.19%	–
SE	Exit	Sea Limited	$0	–	-1,966	–	-0.20%	–
PDD	Exit	Pinduoduo, Inc. Sponsored ADR	$0	–	-6,915	–	-0.20%	–
NSRGY	Exit	NESTLE SA SPONSORED ADR REPSTG	$0	–	-5,294	–	-0.20%	–
SQM	Exit	Sociedad Quimica Y Minera De C	$0	–	-11,907	–	-0.20%	–
BNPQY	Exit	BNP PARIBAS	$0	–	-21,823	–	-0.22%	–
CROX	Exit	Crocs Inc.	$0	–	-5,031	–	-0.23%	–
BIDU	Exit	Baidu, Inc. Sponsored ADR Clas	$0	–	-4,823	–	-0.23%	–
SID	Exit	Companhia Siderurgica Nacional	$0	–	-140,979	–	-0.23%	–
GOLD	Exit	Barrick Gold Corp.	$0	–	-42,549	–	-0.24%	–
PBR	Exit	Petroleo Brasileiro SA Sponsor	$0	–	-74,371	–	-0.24%	–
AON	Exit	AON Plc	$0	–	-2,700	–	-0.24%	–
JSAIY	Exit	J Sainsbury Plc Sponsored ADR	$0	–	-50,840	–	-0.25%	–
EPAM	Exit	EPAM Systems, Inc.	$0	–	-1,425	–	-0.26%	–
BWMX	Exit	Betterware de Mexico, S.A.B. d	$0	–	-23,533	–	-0.26%	–
JD	Exit	JD COM INC ADR	$0	–	-12,340	–	-0.28%	–
AU	Exit	AngloGold Ashanti Limited Spon	$0	–	-56,214	–	-0.28%	–
DOX	Exit	AMDOCS LIMITED ORD	$0	–	-11,922	–	-0.28%	–
MTD	Exit	METTLER-TOLEDO INTL W/1 RT/SH	$0	–	-657	–	-0.28%	–
PPERY	Exit	PT Bank Mandiri (Persero) Tbk	$0	–	-110,926	–	-0.30%	–
RDY	Exit	Dr. Reddy's Laboratories Ltd.	$0	–	-14,880	–	-0.30%	–
KT	Exit	KT Corporation Sponsored ADR	$0	–	-71,245	–	-0.31%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-3,109	–	-0.31%	–
GLOB	Exit	Globant SA.	$0	–	-3,708	–	-0.33%	–
ASX	Exit	ASE Technology Holding Co., Lt	$0	–	-134,418	–	-0.33%	–
TCEHY	Exit	Tencent Holdings Ltd. Unsponso	$0	–	-18,012	–	-0.34%	–
AUDC	Exit	Audiocodes Ltd.	$0	–	-33,209	–	-0.34%	–
LZAGY	Exit	LONZA GROUP AG UNSPON ADR	$0	–	-14,558	–	-0.34%	–
NJDCY	Exit	NIDEC CORP ADR	$0	–	-39,151	–	-0.34%	–
HIMX	Exit	Himax Technologies, Inc. Spons	$0	–	-102,284	–	-0.34%	–
RYKKY	Exit	Ryohin Keikaku Co., Ltd. Unspo	$0	–	-50,049	–	-0.35%	–
OPRA	Exit	Opera Ltd. Sponsored ADR	$0	–	-126,955	–	-0.35%	–
LIVN	Exit	Livanova PLC	$0	–	-14,276	–	-0.36%	–
WNS	Exit	WNS (Holdings) Limited Sponsor	$0	–	-14,034	–	-0.36%	–
DASTY	Exit	DASSAULT SYSTEMS ADR	$0	–	-24,247	–	-0.40%	–
CRTO	Exit	Criteo SA Sponsored ADR	$0	–	-35,028	–	-0.40%	–
TCCPY	Exit	TechnoPro Holdings, Inc.	$0	–	-210,229	–	-0.41%	–
DAVA	Exit	Endava Plc Sponsored ADR Class	$0	–	-9,697	–	-0.42%	–
SOUHY	Exit	South32 ADR	$0	–	-107,551	–	-0.42%	–
PLL	Exit	Piedmont Lithium Inc	$0	–	-25,520	–	-0.44%	–
YUMC	Exit	Yum China Holdings, Inc.	$0	–	-23,909	–	-0.44%	–
UMC	Exit	United Microelectronics Corp S	$0	–	-123,355	–	-0.44%	–
JBAXY	Exit	Julius Baer Gruppe AG Unsponso	$0	–	-106,767	–	-0.45%	–
NILSY	Exit	MMC Norilsk Nickel	$0	–	-47,777	–	-0.45%	–
LUKOY	Exit	Oil company LUKOIL PJSC Sponso	$0	–	-15,622	–	-0.47%	–
VALE	Exit	Vale S.A. Sponsored ADR	$0	–	-111,242	–	-0.49%	–
DSGX	Exit	Descartes Systems Group, Inc.	$0	–	-19,515	–	-0.50%	–
SIMO	Exit	Silicon Motion Technology Corp	$0	–	-24,099	–	-0.52%	–
SBRCY	Exit	Sberbank Russia OJSC Sponsored	$0	–	-90,363	–	-0.53%	–
YNDX	Exit	Yandex NV Class A	$0	–	-21,345	–	-0.54%	–
LYG	Exit	Lloyds Tsb Group Plc	$0	–	-700,000	–	-0.54%	–
IGT	Exit	International Game Technology	$0	–	-65,885	–	-0.55%	–
SKM	Exit	SK Telecom Co., Ltd. Sponsored	$0	–	-60,213	–	-0.57%	–
FN	Exit	Fabrinet	$0	–	-18,830	–	-0.61%	–
IFNNY	Exit	INFINEON TECHNOLOGIES	$0	–	-48,586	–	-0.63%	–
OGZPY	Exit	Public Joint-Stock Company Gaz	$0	–	-214,439	–	-0.67%	–
CX	Exit	Cemex SAB de CV Sponsored ADR	$0	–	-297,456	–	-0.67%	–
EXPGY	Exit	Experian PLC	$0	–	-52,010	–	-0.69%	–
ADYEY	Exit	Adyen N.V. Unsponsored ADR	$0	–	-78,000	–	-0.69%	–
RELX	Exit	RELX PLC Sponsored ADR	$0	–	-76,022	–	-0.69%	–
JMIA	Exit	Jumia Technologies AG	$0	–	-118,982	–	-0.70%	–
BABA	Exit	Alibaba Group Holding Ltd. Spo	$0	–	-15,868	–	-0.74%	–
NPSNY	Exit	Naspers Limited Sponsored ADR	$0	–	-73,701	–	-0.77%	–
TECK	Exit	Teck Resources Ltd.	$0	–	-101,607	–	-0.80%	–
CLB	Exit	Core Laboratories N.V.	$0	–	-92,297	–	-0.81%	–
HDB	Exit	HDFC Bank Limited Sponsored AD	$0	–	-35,699	–	-0.82%	–
MELI	Exit	MercadoLibre, Inc.	$0	–	-1,705	–	-0.90%	–
INFY	Exit	Infosys Limited Sponsored ADR	$0	–	-130,883	–	-0.92%	–
PAGS	Exit	PagSeguro Digital Ltd	$0	–	-57,347	–	-0.94%	–
KB	Exit	KB Financial Group Inc. Sponso	$0	–	-66,241	–	-0.97%	–
GRFS	Exit	GRIFOLS SA	$0	–	-219,431	–	-1.01%	–
AAGIY	Exit	AIA GROUP LTD	$0	–	-76,683	–	-1.11%	–
MKKGY	Exit	Merck KGaA Sponsored ADR	$0	–	-85,243	–	-1.17%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-34,231	–	-1.22%	–
NOK	Exit	NOKIA CORP -SPON ADR	$0	–	-804,374	–	-1.38%	–
AMX	Exit	America Movil SAB de CV Sponso	$0	–	-254,439	–	-1.42%	–
IBN	Exit	ICICI Bank Limited Sponsored A	$0	–	-240,685	–	-1.43%	–
QURE	Exit	uniQure N.V.	$0	–	-154,904	–	-1.56%	–
IX	Exit	Orix Corp.	$0	–	-55,009	–	-1.64%	–
SAP	Exit	SAP SE-SPONSORED ADR	$0	–	-38,887	–	-1.66%	–
TSM	Exit	Taiwan Semiconductor Manufactu	$0	–	-48,508	–	-1.71%	–
UBS	Exit	UBS Group AG	$0	–	-341,104	–	-1.71%	–
OTEX	Exit	Open Text Corp.	$0	–	-113,845	–	-1.75%	–
ASND	Exit	Ascendis Pharma A/S Sponsored	$0	–	-36,899	–	-1.85%	–
PSO	Exit	PEARSON PLC SPONSORED ADR ADR	$0	–	-644,155	–	-1.96%	–
ESLT	Exit	Elbit Systems Ltd.	$0	–	-43,399	–	-1.98%	–
LOGI	Exit	Logitech International S.A.	$0	–	-72,558	–	-2.02%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP	$0	–	-102,234	–	-2.07%	–
SNN	Exit	Smith & Nephew Plc	$0	–	-192,599	–	-2.08%	–
GIB	Exit	CGI Inc.	$0	–	-91,307	–	-2.44%	–
STM	Exit	Stmicroelectronics N.V.	$0	–	-185,969	–	-2.56%	–
CAE	Exit	Cae Inc.	$0	–	-281,084	–	-2.65%	–
AER	Exit	Aercap Holdings N.V.	$0	–	-145,497	–	-2.65%	–
ERIC	Exit	ERICSSON L M TELEPHONE CO	$0	–	-767,679	–	-2.71%	–
ICLR	Exit	Icon Plc	$0	–	-33,444	–	-2.76%	–
ASML	Exit	ASML HOLDING NV	$0	–	-11,996	–	-2.82%	–
RACE	Exit	Ferrari NV	$0	–	-53,954	–	-3.56%	–
SHOP	Exit	Shopify, Inc. Class A	$0	–	-11,308	–	-4.83%	–
SONY	Exit	Sony Group Corporation Sponsor	$0	–	-148,842	–	-5.19%	–

Q3 2021

			Value		Shares		↓ Weighting
SONY	Sell	Sony Group Corporation Sponsor	$16,459,000	+13.7%	148,842	-0.0%	5.19%	+25.3%
SHOP	Sell	Shopify, Inc. Class A	$15,331,000	-19.4%	11,308	-13.2%	4.83%	-11.2%
RACE	Buy	Ferrari NV	$11,283,000	+2.0%	53,954	+0.5%	3.56%	+12.3%
ASML	Sell	ASML HOLDING NV	$8,938,000	+4.7%	11,996	-3.0%	2.82%	+15.3%
ICLR	Buy	Icon Plc	$8,763,000	+27.0%	33,444	+0.2%	2.76%	+39.9%
ERIC	Sell	ERICSSON L M TELEPHONE CO	$8,598,000	-14.9%	767,679	-4.4%	2.71%	-6.2%
AER	Sell	Aercap Holdings N.V.	$8,411,000	+12.9%	145,497	-0.0%	2.65%	+24.4%
CAE	Buy	Cae Inc.	$8,396,000	-2.8%	281,084	+0.2%	2.65%	+7.1%
STM	Buy	Stmicroelectronics N.V.	$8,114,000	+20.4%	185,969	+0.4%	2.56%	+32.7%
GIB	Sell	CGI Inc.	$7,739,000	-12.0%	91,307	-5.9%	2.44%	-3.0%
SNN	Buy	Smith & Nephew Plc	$6,614,000	-20.4%	192,599	+0.6%	2.08%	-12.3%
IHG	Sell	INTERCONTINENTAL HOTELS GROUP	$6,573,000	-3.6%	102,234	-0.0%	2.07%	+6.2%
LOGI	Sell	Logitech International S.A.	$6,396,000	-31.7%	72,558	-6.3%	2.02%	-24.7%
ESLT	Buy	Elbit Systems Ltd.	$6,286,000	+23.6%	43,399	+10.7%	1.98%	+36.2%
PSO	Sell	PEARSON PLC SPONSORED ADR ADR	$6,229,000	-16.7%	644,155	-0.0%	1.96%	-8.2%
ASND	Buy	Ascendis Pharma A/S Sponsored	$5,881,000	+25.8%	36,899	+3.8%	1.85%	+38.6%
OTEX	Sell	Open Text Corp.	$5,549,000	-4.6%	113,845	-0.6%	1.75%	+5.2%
UBS	Sell	UBS Group AG	$5,437,000	-16.0%	341,104	-19.2%	1.71%	-7.5%
TSM	Sell	Taiwan Semiconductor Manufactu	$5,416,000	-9.3%	48,508	-2.4%	1.71%	0.0%
SAP	Buy	SAP SE-SPONSORED ADR	$5,251,000	+10.0%	38,887	+14.4%	1.66%	+21.2%
IX	Sell	Orix Corp.	$5,199,000	-0.4%	55,009	-10.8%	1.64%	+9.7%
QURE	Buy	uniQure N.V.	$4,958,000	+8.0%	154,904	+3.9%	1.56%	+19.0%
IBN	Sell	ICICI Bank Limited Sponsored A	$4,542,000	-4.9%	240,685	-13.8%	1.43%	+4.8%
AMX	Buy	America Movil SAB de CV Sponso	$4,496,000	+45.5%	254,439	+23.6%	1.42%	+60.5%
NOK	Buy	NOKIA CORP -SPON ADR	$4,384,000	+2.6%	804,374	+0.1%	1.38%	+13.0%
CHKP	Buy	CHECK POINT SOFTWARE TECH	$3,869,000	-1.7%	34,231	+1.0%	1.22%	+8.4%
MKKGY	Buy	Merck KGaA Sponsored ADR	$3,706,000	+31.0%	85,243	+15.6%	1.17%	+44.4%
GRFS	Sell	GRIFOLS SA	$3,206,000	-17.2%	219,431	-1.6%	1.01%	-8.8%
KB	Sell	KB Financial Group Inc. Sponso	$3,074,000	-18.9%	66,241	-13.9%	0.97%	-10.6%
PAGS	Buy	PagSeguro Digital Ltd	$2,966,000	+22.9%	57,347	+32.9%	0.94%	+35.5%
INFY	Sell	Infosys Limited Sponsored ADR	$2,912,000	-26.7%	130,883	-30.2%	0.92%	-19.2%
MELI	Sell	MercadoLibre, Inc.	$2,863,000	-29.9%	1,705	-35.0%	0.90%	-22.8%
HDB	Buy	HDFC Bank Limited Sponsored AD	$2,609,000	+21.7%	35,699	+21.8%	0.82%	+34.1%
CLB	Sell	Core Laboratories N.V.	$2,561,000	-39.2%	92,297	-14.6%	0.81%	-33.0%
NPSNY	Sell	Naspers Limited Sponsored ADR	$2,451,000	-23.9%	73,701	-3.5%	0.77%	-16.2%
BABA	Sell	Alibaba Group Holding Ltd. Spo	$2,349,000	-49.9%	15,868	-23.2%	0.74%	-44.8%
JMIA	Sell	Jumia Technologies AG	$2,212,000	-45.9%	118,982	-11.7%	0.70%	-40.3%
ADYEY	New	Adyen N.V. Unsponsored ADR	$2,187,000	–	78,000	–	0.69%	–
EXPGY	Buy	Experian PLC	$2,178,000	+527.7%	52,010	+477.2%	0.69%	+592.9%
CX	Sell	Cemex SAB de CV Sponsored ADR	$2,133,000	-22.4%	297,456	-9.1%	0.67%	-14.5%
OGZPY	Buy	Public Joint-Stock Company Gaz	$2,132,000	+33.9%	214,439	+2.9%	0.67%	+47.7%
IFNNY	Buy	INFINEON TECHNOLOGIES	$1,999,000	+3.0%	48,586	+0.5%	0.63%	+13.5%
FN	Sell	Fabrinet	$1,930,000	-15.0%	18,830	-20.5%	0.61%	-6.3%
SKM	Sell	SK Telecom Co., Ltd. Sponsored	$1,812,000	-33.0%	60,213	-30.0%	0.57%	-26.1%
IGT	Sell	International Game Technology	$1,734,000	-32.8%	65,885	-38.8%	0.55%	-26.0%
YNDX	Sell	Yandex NV Class A	$1,701,000	-24.5%	21,345	-33.0%	0.54%	-16.8%
SBRCY	Buy	Sberbank Russia OJSC Sponsored	$1,694,000	+12.4%	90,363	+0.4%	0.53%	+23.9%
SIMO	Buy	Silicon Motion Technology Corp	$1,662,000	+8.8%	24,099	+1.1%	0.52%	+19.9%
DSGX	Buy	Descartes Systems Group, Inc.	$1,586,000	+21.1%	19,515	+3.0%	0.50%	+33.3%
VALE	Sell	Vale S.A. Sponsored ADR	$1,552,000	-52.8%	111,242	-22.7%	0.49%	-47.9%
LUKOY	Buy	Oil company LUKOIL PJSC Sponso	$1,479,000	+5.6%	15,622	+2.6%	0.47%	+16.2%
NILSY	Buy	MMC Norilsk Nickel	$1,429,000	-11.6%	47,777	+0.3%	0.45%	-2.6%
JBAXY	Sell	Julius Baer Gruppe AG Unsponso	$1,415,000	-63.6%	106,767	-64.1%	0.45%	-59.9%
UMC	Buy	United Microelectronics Corp S	$1,410,000	+22.1%	123,355	+0.9%	0.44%	+34.5%
YUMC	Buy	Yum China Holdings, Inc.	$1,389,000	-12.3%	23,909	+0.0%	0.44%	-3.3%
PLL	Sell	Piedmont Lithium Inc	$1,390,000	-31.7%	25,520	-1.9%	0.44%	-24.7%
SOUHY	Buy	South32 ADR	$1,338,000	+14.4%	107,551	+1.1%	0.42%	+26.0%
DAVA	Buy	Endava Plc Sponsored ADR Class	$1,317,000	+54.0%	9,697	+28.6%	0.42%	+70.1%
TCCPY	Buy	TechnoPro Holdings, Inc.	$1,297,000	+30.7%	210,229	+200.1%	0.41%	+44.0%
DASTY	Buy	DASSAULT SYSTEMS ADR	$1,278,000	+9.7%	24,247	+404.9%	0.40%	+21.0%
WNS	Sell	WNS (Holdings) Limited Sponsor	$1,148,000	-36.5%	14,034	-38.0%	0.36%	-30.0%
LIVN	Buy	Livanova PLC	$1,131,000	+63.0%	14,276	+73.0%	0.36%	+79.8%
OPRA	Sell	Opera Ltd. Sponsored ADR	$1,124,000	-14.2%	126,955	-0.6%	0.35%	-5.6%
RYKKY	Buy	Ryohin Keikaku Co., Ltd. Unspo	$1,118,000	+32.9%	50,049	+25.0%	0.35%	+46.7%
HIMX	Sell	Himax Technologies, Inc. Spons	$1,091,000	-47.9%	102,284	-18.6%	0.34%	-42.6%
NJDCY	Sell	NIDEC CORP ADR	$1,089,000	-4.5%	39,151	-0.4%	0.34%	+5.2%
LZAGY	Sell	LONZA GROUP AG UNSPON ADR	$1,089,000	+2.1%	14,558	-3.2%	0.34%	+12.5%
AUDC	Buy	Audiocodes Ltd.	$1,081,000	+36.0%	33,209	+38.3%	0.34%	+50.2%
TCEHY	Sell	Tencent Holdings Ltd. Unsponso	$1,077,000	-51.0%	18,012	-38.3%	0.34%	-46.0%
ASX	Sell	ASE Technology Holding Co., Lt	$1,055,000	-39.2%	134,418	-37.7%	0.33%	-33.1%
GLOB	Buy	Globant SA.	$1,042,000	+115.3%	3,708	+68.0%	0.33%	+137.7%
ACN	Sell	ACCENTURE PLC CL A	$995,000	+8.5%	3,109	-0.0%	0.31%	+19.8%
KT	Sell	KT Corporation Sponsored ADR	$970,000	-41.6%	71,245	-40.2%	0.31%	-35.6%
RDY	Sell	Dr. Reddy's Laboratories Ltd.	$969,000	-46.0%	14,880	-39.0%	0.30%	-40.5%
DOX	Sell	AMDOCS LIMITED ORD	$903,000	-2.3%	11,922	-0.2%	0.28%	+8.0%
AU	Sell	AngloGold Ashanti Limited Spon	$899,000	-31.9%	56,214	-20.9%	0.28%	-25.1%
JD	Sell	JD COM INC ADR	$891,000	-45.4%	12,340	-39.6%	0.28%	-39.8%
BWMX	Buy	Betterware de Mexico, S.A.B. d	$837,000	+19.2%	23,533	+67.7%	0.26%	+31.3%
EPAM	Buy	EPAM Systems, Inc.	$813,000	+59.1%	1,425	+42.5%	0.26%	+75.3%
JSAIY	Buy	J Sainsbury Plc Sponsored ADR	$781,000	+37.5%	50,840	+34.4%	0.25%	+51.9%
AON	New	AON Plc	$772,000	–	2,700	–	0.24%	–
PBR	Buy	Petroleo Brasileiro SA Sponsor	$769,000	-15.1%	74,371	+0.4%	0.24%	-6.6%
SID	Sell	Companhia Siderurgica Nacional	$742,000	-56.0%	140,979	-26.7%	0.23%	-51.6%
BIDU	Sell	Baidu, Inc. Sponsored ADR Clas	$742,000	-54.9%	4,823	-40.2%	0.23%	-50.2%
SQM	Sell	Sociedad Quimica Y Minera De C	$640,000	-56.1%	11,907	-61.4%	0.20%	-51.6%
NSRGY	Buy	NESTLE SA SPONSORED ADR REPSTG	$636,000	-3.6%	5,294	+0.1%	0.20%	+5.8%
SE	New	Sea Limited	$627,000	–	1,966	–	0.20%	–
PDD	Sell	Pinduoduo, Inc. Sponsored ADR	$627,000	-41.4%	6,915	-17.9%	0.20%	-35.3%
SHECY	Sell	SHIN-ETSU CHEM UNSPON ADR	$538,000	-4.9%	12,733	-5.8%	0.17%	+4.9%
DEO	Buy	DIAGEO PLC	$537,000	+0.8%	2,781	+0.0%	0.17%	+11.2%
MTLS	Buy	Materialise NV Sponsored ADR	$533,000	+52.3%	26,527	+82.6%	0.17%	+68.0%
MOR	Sell	Morphosys AG	$471,000	-68.8%	40,019	-49.0%	0.15%	-65.7%
TTE	Buy	TotalEnergies SE Sponsored ADR	$471,000	+5.8%	9,833	+0.0%	0.15%	+16.5%
BSAC	Buy	Banco Santander-Chile	$460,000	-0.2%	23,250	+0.1%	0.14%	+9.8%
GLPEY	Sell	Galp Energia, SGPS S.A. Unspon	$448,000	+2.3%	80,086	-0.9%	0.14%	+12.8%
CLLS	Sell	Cellectis SA Sponsored ADR	$433,000	-25.6%	34,355	-8.7%	0.14%	-18.1%
TD	Buy	TORONTO DOMINION BANK NY	$419,000	-5.4%	6,332	+0.1%	0.13%	+3.9%
CB	Buy	CHUBB LIMITED	$401,000	+9.3%	2,314	+0.1%	0.13%	+20.0%
BZLFY	Buy	BUNZL PLC	$379,000	+14.2%	11,513	+14.5%	0.12%	+25.3%
RDHL	Buy	RedHill Biopharma	$344,000	-22.0%	75,078	+17.2%	0.11%	-14.3%
IBDRY	Buy	IBERDROLA SA SPONSORED ADR	$290,000	-17.1%	7,210	+0.5%	0.09%	-9.0%
KDDIY	Sell	KDDI CORP UNSPONSORED ADR	$284,000	+4.8%	17,307	-0.2%	0.09%	+15.6%
VWDRY	Buy	Vestas Wind Systems A/S Unspon	$277,000	+4.1%	20,506	+0.5%	0.09%	+14.5%
VEOEY	Buy	Veolia Environnement	$262,000	+20.7%	8,223	+14.4%	0.08%	+33.9%
AEG	Sell	Aegon N.V.	$254,000	-65.9%	50,000	-72.2%	0.08%	-62.4%
SYIEY	Buy	Symrise AG Unsponsored ADR	$253,000	+11.0%	7,717	+17.8%	0.08%	+23.1%
SPOT	Sell	Spotify Technology SA	$250,000	-19.4%	1,108	-1.5%	0.08%	-11.2%
PROSY	Sell	Prosus N.V. Sponsored ADR	$249,000	-63.6%	15,554	-55.5%	0.08%	-60.2%
BLDP	Sell	Ballard Power Systems, Inc.	$242,000	-22.7%	17,233	-0.4%	0.08%	-15.6%
BTCM	Sell	BIT Mining Limited Sponsored A	$213,000	+2.9%	26,075	-0.4%	0.07%	+13.6%
MKTAY	New	Makita Corp.	$205,000	–	3,720	–	0.06%	–
TLPFY	New	Teleperformance SA Unsponsored	$202,000	–	1,025	–	0.06%	–
TAL	Buy	Tal Education Group	$175,000	-80.7%	36,106	+0.3%	0.06%	-78.8%
VOD	Sell	VODAFONE GROUP PLC - SP ADR	$172,000	-9.9%	11,122	-0.2%	0.05%	-1.8%
SEKEY	Buy	Seiko Epson	$143,000	+38.8%	14,018	+19.6%	0.04%	+55.2%
AMCR	Sell	Amcor PLC	$116,000	-14.1%	10,027	-15.0%	0.04%	-5.1%
CRZBY	Buy	Commerzbank AG Sponsored ADR	$83,000	-4.6%	12,547	+1.8%	0.03%	+4.0%
BBD	Buy	Banco Bradesco S.A. Sponsored	$58,000	-22.7%	15,067	+3.0%	0.02%	-14.3%
BKRKY	Exit	PT Bank Rakyat Indonesia (Pers	$0	–	-22,754	–	-0.09%	–
TKC	Exit	Turkcell Iletisim Hizmetleri A	$0	–	-94,225	–	-0.13%	–
DQ	Exit	Daqo New Energy Corp. Sponsore	$0	–	-7,029	–	-0.13%	–
HOLI	Exit	HollySys Automation Technologi	$0	–	-34,233	–	-0.15%	–
LPL	Exit	L G DISPLAY CO F SPONSORED ADR	$0	–	-50,030	–	-0.15%	–
ABST	Exit	Absolute Software Corporation	$0	–	-37,425	–	-0.16%	–
KPCPY	Exit	Kasikornbank Public Co. Ltd. U	$0	–	-58,024	–	-0.24%	–
IMAX	Exit	IMAX Corporation	$0	–	-42,804	–	-0.26%	–
ICLK	Exit	iClick Interactive Asia Group	$0	–	-86,151	–	-0.27%	–
GDS	Exit	GDS Holdings Ltd. Sponsored AD	$0	–	-16,500	–	-0.37%	–
GLPG	Exit	GALAPAGOS NV	$0	–	-35,137	–	-0.69%	–

Q2 2021

			Value		Shares		↓ Weighting
SHOP	New	Shopify, Inc. Class A	$19,026,000	–	13,023	–	5.44%	–
SONY	New	Sony Group Corporation Sponsor	$14,475,000	–	148,887	–	4.14%	–
RACE	New	Ferrari NV	$11,067,000	–	53,711	–	3.16%	–
ERIC	New	ERICSSON L M TELEPHONE CO	$10,101,000	–	802,960	–	2.89%	–
LOGI	New	Logitech International S.A.	$9,362,000	–	77,424	–	2.68%	–
GIB	New	CGI Inc.	$8,793,000	–	97,054	–	2.51%	–
CAE	New	Cae Inc.	$8,642,000	–	280,574	–	2.47%	–
ASML	New	ASML HOLDING NV	$8,539,000	–	12,361	–	2.44%	–
SNN	New	Smith & Nephew Plc	$8,313,000	–	191,360	–	2.38%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$7,480,000	–	644,250	–	2.14%	–
AER	New	Aercap Holdings N.V.	$7,451,000	–	145,502	–	2.13%	–
ICLR	New	Icon Plc	$6,902,000	–	33,391	–	1.97%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$6,820,000	–	102,261	–	1.95%	–
STM	New	Stmicroelectronics N.V.	$6,738,000	–	185,213	–	1.93%	–
UBS	New	UBS Group AG	$6,475,000	–	422,072	–	1.85%	–
TSM	New	Taiwan Semiconductor Manufactu	$5,970,000	–	49,684	–	1.71%	–
OTEX	New	Open Text Corp.	$5,817,000	–	114,500	–	1.66%	–
IX	New	Orix Corp.	$5,220,000	–	61,659	–	1.49%	–
ESLT	New	Elbit Systems Ltd.	$5,085,000	–	39,187	–	1.45%	–
IBN	New	ICICI Bank Limited Sponsored A	$4,777,000	–	279,339	–	1.37%	–
SAP	New	SAP SE-SPONSORED ADR	$4,774,000	–	33,987	–	1.36%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$4,686,000	–	20,664	–	1.34%	–
ASND	New	Ascendis Pharma A/S Sponsored	$4,676,000	–	35,544	–	1.34%	–
QURE	New	uniQure N.V.	$4,592,000	–	149,093	–	1.31%	–
NOK	New	NOKIA CORP -SPON ADR	$4,273,000	–	803,275	–	1.22%	–
CLB	New	Core Laboratories N.V.	$4,211,000	–	108,113	–	1.20%	–
JMIA	New	Jumia Technologies AG	$4,085,000	–	134,685	–	1.17%	–
MELI	New	MercadoLibre, Inc.	$4,086,000	–	2,623	–	1.17%	–
INFY	New	Infosys Limited Sponsored ADR	$3,971,000	–	187,423	–	1.14%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$3,935,000	–	33,885	–	1.12%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$3,890,000	–	297,743	–	1.11%	–
GRFS	New	GRIFOLS SA	$3,870,000	–	223,081	–	1.11%	–
AAGIY	New	AIA GROUP LTD	$3,812,000	–	76,683	–	1.09%	–
KB	New	KB Financial Group Inc. Sponso	$3,791,000	–	76,897	–	1.08%	–
VALE	New	Vale S.A. Sponsored ADR	$3,285,000	–	144,001	–	0.94%	–
NPSNY	New	Naspers Limited Sponsored ADR	$3,220,000	–	76,341	–	0.92%	–
AMX	New	America Movil SAB de CV Sponso	$3,089,000	–	205,940	–	0.88%	–
MKKGY	New	Merck KGaA Sponsored ADR	$2,828,000	–	73,743	–	0.81%	–
CX	New	Cemex SAB de CV Sponsored ADR	$2,749,000	–	327,316	–	0.79%	–
SKM	New	SK Telecom Co., Ltd. Sponsored	$2,703,000	–	86,063	–	0.77%	–
IGT	New	International Game Technology	$2,580,000	–	107,683	–	0.74%	–
GLPG	New	GALAPAGOS NV	$2,421,000	–	35,137	–	0.69%	–
PAGS	New	PagSeguro Digital Ltd	$2,414,000	–	43,162	–	0.69%	–
TECK	New	Teck Resources Ltd.	$2,341,000	–	101,607	–	0.67%	–
FN	New	Fabrinet	$2,271,000	–	23,692	–	0.65%	–
YNDX	New	Yandex NV Class A	$2,253,000	–	31,851	–	0.64%	–
TCEHY	New	Tencent Holdings Ltd. Unsponso	$2,197,000	–	29,211	–	0.63%	–
HDB	New	HDFC Bank Limited Sponsored AD	$2,143,000	–	29,305	–	0.61%	–
HIMX	New	Himax Technologies, Inc. Spons	$2,093,000	–	125,630	–	0.60%	–
PLL	New	Piedmont Lithium Ltd Sponsored	$2,034,000	–	26,023	–	0.58%	–
RELX	New	RELX PLC Sponsored ADR	$2,028,000	–	76,022	–	0.58%	–
IFNNY	New	INFINEON TECHNOLOGIES	$1,940,000	–	48,361	–	0.56%	–
WNS	New	WNS (Holdings) Limited Sponsor	$1,809,000	–	22,647	–	0.52%	–
RDY	New	Dr. Reddy's Laboratories Ltd.	$1,794,000	–	24,403	–	0.51%	–
LYG	New	Lloyds Tsb Group Plc	$1,785,000	–	700,000	–	0.51%	–
ASX	New	ASE Technology Holding Co., Lt	$1,736,000	–	215,690	–	0.50%	–
SID	New	Companhia Siderurgica Nacional	$1,688,000	–	192,287	–	0.48%	–
KT	New	KT Corporation Sponsored ADR	$1,661,000	–	119,052	–	0.48%	–
BIDU	New	Baidu, Inc. Sponsored ADR Clas	$1,645,000	–	8,067	–	0.47%	–
JD	New	JD COM INC ADR	$1,632,000	–	20,445	–	0.47%	–
NILSY	New	MMC Norilsk Nickel	$1,616,000	–	47,644	–	0.46%	–
OGZPY	New	Public Joint-Stock Company Gaz	$1,592,000	–	208,399	–	0.46%	–
YUMC	New	Yum China Holdings, Inc.	$1,584,000	–	23,905	–	0.45%	–
CRTO	New	Criteo SA Sponsored ADR	$1,584,000	–	35,028	–	0.45%	–
SIMO	New	Silicon Motion Technology Corp	$1,528,000	–	23,832	–	0.44%	–
MOR	New	Morphosys AG	$1,512,000	–	78,542	–	0.43%	–
SBRCY	New	Sberbank Russia OJSC Sponsored	$1,507,000	–	90,045	–	0.43%	–
SQM	New	Sociedad Quimica Y Minera De C	$1,458,000	–	30,809	–	0.42%	–
LUKOY	New	Oil company LUKOIL PJSC Sponso	$1,401,000	–	15,230	–	0.40%	–
AU	New	AngloGold Ashanti Limited Spon	$1,321,000	–	71,073	–	0.38%	–
DSGX	New	Descartes Systems Group, Inc.	$1,310,000	–	18,945	–	0.38%	–
OPRA	New	Opera Ltd. Sponsored ADR	$1,310,000	–	127,768	–	0.38%	–
GDS	New	GDS Holdings Ltd. Sponsored AD	$1,295,000	–	16,500	–	0.37%	–
SOUHY	New	South32 ADR	$1,170,000	–	106,343	–	0.34%	–
DASTY	New	DASSAULT SYSTEMS ADR	$1,165,000	–	4,802	–	0.33%	–
UMC	New	United Microelectronics Corp S	$1,155,000	–	122,223	–	0.33%	–
NJDCY	New	NIDEC CORP ADR	$1,140,000	–	39,321	–	0.33%	–
PDD	New	Pinduoduo, Inc. Sponsored ADR	$1,070,000	–	8,422	–	0.31%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$1,067,000	–	15,036	–	0.30%	–
TCCPY	New	TechnoPro Holdings, Inc.	$992,000	–	70,058	–	0.28%	–
ICLK	New	iClick Interactive Asia Group	$951,000	–	86,151	–	0.27%	–
DOX	New	AMDOCS LIMITED ORD	$924,000	–	11,942	–	0.26%	–
IMAX	New	IMAX Corporation	$920,000	–	42,804	–	0.26%	–
ACN	New	ACCENTURE PLC CL A	$917,000	–	3,110	–	0.26%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$910,000	–	657	–	0.26%	–
TAL	New	Tal Education Group	$908,000	–	35,999	–	0.26%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$906,000	–	74,100	–	0.26%	–
PPERY	New	PT Bank Mandiri (Persero) Tbk	$903,000	–	110,926	–	0.26%	–
GOLD	New	Barrick Gold Corp.	$880,000	–	42,549	–	0.25%	–
KPCPY	New	Kasikornbank Public Co. Ltd. U	$858,000	–	58,024	–	0.24%	–
DAVA	New	Endava Plc Sponsored ADR Class	$855,000	–	7,538	–	0.24%	–
RYKKY	New	Ryohin Keikaku Co., Ltd. Unspo	$841,000	–	40,049	–	0.24%	–
SQNS	New	Sequans Communications S.A. AD	$813,000	–	135,112	–	0.23%	–
AUDC	New	Audiocodes Ltd.	$795,000	–	24,019	–	0.23%	–
AEG	New	Aegon N.V.	$744,000	–	180,150	–	0.21%	–
BWMX	New	Betterware de Mexico, S.A.B. d	$702,000	–	14,033	–	0.20%	–
LIVN	New	Livanova PLC	$694,000	–	8,254	–	0.20%	–
ADDYY	New	ADIDAS AG ADR	$685,000	–	3,679	–	0.20%	–
BNPQY	New	BNP PARIBAS	$684,000	–	21,823	–	0.20%	–
PROSY	New	Prosus N.V. Sponsored ADR	$684,000	–	34,961	–	0.20%	–
NSRGY	New	NESTLE SA SPONSORED ADR REPSTG	$660,000	–	5,290	–	0.19%	–
BHC	New	Bausch Health Companies Inc.	$622,000	–	21,224	–	0.18%	–
BB	New	BlackBerry Limited	$612,000	–	50,075	–	0.18%	–
CROX	New	Crocs Inc.	$586,000	–	5,031	–	0.17%	–
CLLS	New	Cellectis SA Sponsored ADR	$582,000	–	37,620	–	0.17%	–
JSAIY	New	J Sainsbury Plc Sponsored ADR	$568,000	–	37,830	–	0.16%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$566,000	–	13,515	–	0.16%	–
ABST	New	Absolute Software Corporation	$542,000	–	37,425	–	0.16%	–
LPL	New	L G DISPLAY CO F SPONSORED ADR	$535,000	–	50,030	–	0.15%	–
DEO	New	DIAGEO PLC	$533,000	–	2,780	–	0.15%	–
EPAM	New	EPAM Systems, Inc.	$511,000	–	1,000	–	0.15%	–
HOLI	New	HollySys Automation Technologi	$510,000	–	34,233	–	0.15%	–
LOV	New	Spark Networks SE Sponsored AD	$487,000	–	94,064	–	0.14%	–
GLOB	New	Globant SA.	$484,000	–	2,207	–	0.14%	–
SFTBY	New	SOFTBANK GROUP CORP	$480,000	–	13,753	–	0.14%	–
BSAC	New	Banco Santander-Chile	$461,000	–	23,220	–	0.13%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$457,000	–	46,483	–	0.13%	–
DQ	New	Daqo New Energy Corp. Sponsore	$457,000	–	7,029	–	0.13%	–
AZN	New	ASTRAZENECA PLC ADR	$454,000	–	7,587	–	0.13%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$447,000	–	5,331	–	0.13%	–
TD	New	TORONTO DOMINION BANK NY	$443,000	–	6,324	–	0.13%	–
TTE	New	TotalEnergies SE Sponsored ADR	$445,000	–	9,832	–	0.13%	–
TKC	New	Turkcell Iletisim Hizmetleri A	$440,000	–	94,225	–	0.13%	–
RDHL	New	RedHill Biopharma	$441,000	–	64,043	–	0.13%	–
GLPEY	New	Galp Energia, SGPS S.A. Unspon	$438,000	–	80,786	–	0.12%	–
DBVT	New	DBV Technologies SA Sponsored	$415,000	–	76,060	–	0.12%	–
CSIQ	New	Canadian Solar Inc.	$402,000	–	8,957	–	0.12%	–
SIEGY	New	SIEMENS AG ADR	$373,000	–	4,686	–	0.11%	–
RDSA	New	ROYAL DUTCH SHELL PLC -ADR	$373,000	–	9,242	–	0.11%	–
CB	New	CHUBB LIMITED	$367,000	–	2,312	–	0.10%	–
SIFY	New	Sify Ltd.	$363,000	–	100,389	–	0.10%	–
MDT	New	MEDTRONIC PLC	$363,000	–	2,926	–	0.10%	–
AUTL	New	Autolus Therapeutics Plc Spons	$359,000	–	54,047	–	0.10%	–
MTLS	New	Materialise NV Sponsored ADR	$350,000	–	14,527	–	0.10%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$351,000	–	13,455	–	0.10%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$350,000	–	7,175	–	0.10%	–
EXPGY	New	Experian PLC	$347,000	–	9,010	–	0.10%	–
TM	New	Toyota Motor Corp.	$342,000	–	1,956	–	0.10%	–
BZLFY	New	BUNZL PLC	$332,000	–	10,056	–	0.10%	–
NVS	New	NOVARTIS AG ADR	$325,000	–	3,559	–	0.09%	–
BLDP	New	Ballard Power Systems, Inc.	$313,000	–	17,295	–	0.09%	–
SPOT	New	Spotify Technology SA	$310,000	–	1,125	–	0.09%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$309,000	–	22,754	–	0.09%	–
KDDIY	New	KDDI CORP UNSPONSORED ADR	$271,000	–	17,341	–	0.08%	–
VWDRY	New	Vestas Wind Systems A/S Unspon	$266,000	–	20,405	–	0.08%	–
HSBC	New	HSBC HLDGS PLC SPONS ADR NEW	$261,000	–	9,048	–	0.08%	–
GRVY	New	Gravity Co., Ltd. Sponsored AD	$263,000	–	2,426	–	0.08%	–
ACCYY	New	Accor SA Sponsored ADR	$254,000	–	34,030	–	0.07%	–
ALPMY	New	Astellas Pharma Inc Unsponsore	$248,000	–	14,222	–	0.07%	–
SYIEY	New	Symrise AG Unsponsored ADR	$228,000	–	6,553	–	0.06%	–
VEOEY	New	Veolia Environnement	$217,000	–	7,191	–	0.06%	–
BTCM	New	BIT Mining Limited Sponsored A	$207,000	–	26,178	–	0.06%	–
AFLYY	New	Air France-Klm (Ads)	$193,000	–	40,085	–	0.06%	–
VOD	New	VODAFONE GROUP PLC - SP ADR	$191,000	–	11,140	–	0.06%	–
ADAP	New	Adaptimmune Therapeutics PLC S	$183,000	–	43,070	–	0.05%	–
AMCR	New	Amcor PLC	$135,000	–	11,790	–	0.04%	–
SEKEY	New	Seiko Epson	$103,000	–	11,724	–	0.03%	–
CRZBY	New	Commerzbank AG Sponsored ADR	$87,000	–	12,320	–	0.02%	–
BBD	New	Banco Bradesco S.A. Sponsored	$75,000	–	14,624	–	0.02%	–
	New	Atari SA	$12,000	–	20,700	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
BBD	Exit	Banco Bradesco S.A. Sponsored	$0	–	-10,509	–	-0.02%	–
JMIA	Exit	Jumia Technologies AG	$0	–	-15,119	–	-0.05%	–
UMC	Exit	United Microelectronics Corp S	$0	–	-28,444	–	-0.06%	–
TSRYY	Exit	TREASURY WINE ESTATES ADR	$0	–	-26,337	–	-0.07%	–
SSL	Exit	Sasol Limited Sponsored ADR	$0	–	-26,063	–	-0.08%	–
ALPMY	Exit	Astellas Pharma Inc Unsponsore	$0	–	-14,222	–	-0.09%	–
VEOEY	Exit	Veolia Environnement	$0	–	-10,110	–	-0.09%	–
KDDIY	Exit	KDDI CORP UNSPONSORED ADR	$0	–	-17,341	–	-0.09%	–
BKRKY	Exit	PT Bank Rakyat Indonesia (Pers	$0	–	-21,675	–	-0.09%	–
TM	Exit	Toyota Motor Corp.	$0	–	-1,722	–	-0.09%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC -ADR	$0	–	-9,242	–	-0.10%	–
PAGS	Exit	PagSeguro Digital Ltd	$0	–	-6,293	–	-0.10%	–
ABEV	Exit	Ambev SA Sponsored ADR	$0	–	-115,127	–	-0.11%	–
TD	Exit	TORONTO DOMINION BANK NY	$0	–	-5,874	–	-0.11%	–
DOX	Exit	AMDOCS LIMITED ORD	$0	–	-4,922	–	-0.12%	–
NABZY	Exit	NATIONAL AUSTRALIA BANK ADR	$0	–	-46,170	–	-0.12%	–
NTTYY	Exit	NIPPON TEL & TEL CORP ADR	$0	–	-14,797	–	-0.12%	–
BSAC	Exit	Banco Santander-Chile	$0	–	-22,281	–	-0.13%	–
RIO	Exit	RIO TINTO PLC SPONSORED ADR	$0	–	-5,330	–	-0.13%	–
MHGVY	Exit	Mowi ASA	$0	–	-18,239	–	-0.13%	–
BZLFY	Exit	BUNZL PLC	$0	–	-10,027	–	-0.13%	–
TTE	Exit	TOTAL FINA ELF S A SPONSORED A	$0	–	-9,832	–	-0.14%	–
LYG	Exit	Lloyds Tsb Group Plc	$0	–	-269,000	–	-0.14%	–
IBDRY	Exit	IBERDROLA SA SPONSORED ADR	$0	–	-7,182	–	-0.14%	–
CB	Exit	CHUBB LIMITED	$0	–	-3,112	–	-0.15%	–
OGZPY	Exit	Public Joint-Stock Company Gaz	$0	–	-86,010	–	-0.15%	–
EBR	Exit	Centrais Eletricas Brasileiras	$0	–	-68,902	–	-0.16%	–
SIEGY	Exit	SIEMENS AG ADR	$0	–	-5,436	–	-0.16%	–
DEO	Exit	DIAGEO PLC	$0	–	-2,780	–	-0.16%	–
BNPQY	Exit	BNP PARIBAS	$0	–	-21,228	–	-0.16%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,847	–	-0.16%	–
SFTBY	Exit	SOFTBANK GROUP CORP	$0	–	-13,788	–	-0.17%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-4,959	–	-0.18%	–
SYIEY	Exit	Symrise AG Unsponsored ADR	$0	–	-12,474	–	-0.18%	–
SHECY	Exit	SHIN-ETSU CHEM UNSPON ADR	$0	–	-13,515	–	-0.18%	–
TKC	Exit	Turkcell Iletisim Hizmetleri A	$0	–	-92,976	–	-0.18%	–
RKUNY	Exit	Rakuten Inc.	$0	–	-42,336	–	-0.18%	–
ASX	Exit	ASE Technology Holding Co., Lt	$0	–	-112,892	–	-0.19%	–
SHG	Exit	Shinhan Financial Group Co Ltd	$0	–	-20,356	–	-0.19%	–
EC	Exit	Ecopetrol SA Sponsored ADR	$0	–	-49,240	–	-0.20%	–
SNP	Exit	China Petroleum & Chemical Cor	$0	–	-12,486	–	-0.21%	–
PBR	Exit	Petroleo Brasileiro SA Sponsor	$0	–	-72,878	–	-0.21%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-9,501	–	-0.21%	–
KPCPY	Exit	Kasikornbank Public Co. Ltd. U	$0	–	-57,652	–	-0.23%	–
SQM	Exit	Sociedad Quimica Y Minera De C	$0	–	-17,813	–	-0.24%	–
BAP	Exit	Credicorp Ltd.	$0	–	-4,712	–	-0.24%	–
PPERY	Exit	PT Bank Mandiri (Persero) Tbk	$0	–	-90,926	–	-0.25%	–
TLK	Exit	PERUSAHAAN PERSEROAN F SPONSOR	$0	–	-35,169	–	-0.25%	–
MTD	Exit	METTLER-TOLEDO INTL W/1 RT/SH	$0	–	-658	–	-0.26%	–
LUKOY	Exit	Oil company LUKOIL PJSC Sponso	$0	–	-11,700	–	-0.27%	–
ADDYY	Exit	ADIDAS AG ADR	$0	–	-4,193	–	-0.28%	–
SBS	Exit	Companhia De Saneamento Basico	$0	–	-82,020	–	-0.28%	–
NSRGY	Exit	NESTLE SA SPONSORED ADR REPSTG	$0	–	-6,030	–	-0.29%	–
CEO	Exit	CNOOC Limited Sponsored ADR	$0	–	-8,027	–	-0.32%	–
SOUHY	Exit	South32 ADR	$0	–	-106,386	–	-0.32%	–
CS	Exit	Credit Suisse Group	$0	–	-80,555	–	-0.33%	–
GDS	Exit	GDS Holdings Ltd. Sponsored AD	$0	–	-10,072	–	-0.34%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-3,683	–	-0.34%	–
LFC	Exit	China Life Insurance Co. Ltd.	$0	–	-78,847	–	-0.36%	–
VALE	Exit	Vale S.A. Sponsored ADR	$0	–	-84,991	–	-0.37%	–
FN	Exit	Fabrinet	$0	–	-14,513	–	-0.37%	–
KT	Exit	KT Corporation Sponsored ADR	$0	–	-98,186	–	-0.38%	–
CHL	Exit	China Mobile Limited Sponsored	$0	–	-30,142	–	-0.40%	–
DASTY	Exit	DASSAULT SYSTEMS ADR	$0	–	-5,339	–	-0.41%	–
LZAGY	Exit	LONZA GROUP AG UNSPON ADR	$0	–	-16,533	–	-0.42%	–
SBRCY	Exit	Sberbank Russia OJSC Sponsored	$0	–	-89,278	–	-0.43%	–
LNSTY	Exit	London Stock Exchange Group pl	$0	–	-38,944	–	-0.46%	–
NILSY	Exit	MMC Norilsk Nickel	$0	–	-46,584	–	-0.46%	–
NJDCY	Exit	NIDEC CORP ADR	$0	–	-48,631	–	-0.46%	–
KB	Exit	KB Financial Group Inc. Sponso	$0	–	-35,111	–	-0.46%	–
HDB	Exit	HDFC Bank Limited Sponsored AD	$0	–	-23,978	–	-0.49%	–
TECK	Exit	Teck Resources Ltd.	$0	–	-101,607	–	-0.58%	–
IFNNY	Exit	INFINEON TECHNOLOGIES	$0	–	-50,342	–	-0.58%	–
WNS	Exit	WNS (Holdings) Limited Sponsor	$0	–	-22,364	–	-0.58%	–
BIDU	Exit	Baidu, Inc. Sponsored ADR Clas	$0	–	-11,832	–	-0.61%	–
PROSY	Exit	Prosus N.V. Sponsored ADR	$0	–	-88,189	–	-0.66%	–
RDY	Exit	Dr. Reddy's Laboratories Ltd.	$0	–	-24,187	–	-0.69%	–
SKM	Exit	SK Telecom Co., Ltd. Sponsored	$0	–	-76,433	–	-0.70%	–
MOR	Exit	Morphosys AG	$0	–	-56,107	–	-0.72%	–
AMX	Exit	America Movil SAB de CV Sponso	$0	–	-142,324	–	-0.73%	–
PSO	Exit	PEARSON PLC SPONSORED ADR ADR	$0	–	-251,285	–	-0.73%	–
AU	Exit	AngloGold Ashanti Limited Spon	$0	–	-68,625	–	-0.74%	–
YNDX	Exit	Yandex NV Class A	$0	–	-31,167	–	-0.83%	–
EXPGY	Exit	Experian PLC	$0	–	-56,010	–	-0.86%	–
INFY	Exit	Infosys Limited Sponsored ADR	$0	–	-162,726	–	-0.92%	–
TCEHY	Exit	Tencent Holdings Ltd. Unsponso	$0	–	-34,408	–	-0.93%	–
TAL	Exit	Tal Education Group	$0	–	-30,665	–	-0.95%	–
MKKGY	Exit	Merck KGaA Sponsored ADR	$0	–	-81,243	–	-0.97%	–
IBN	Exit	ICICI Bank Limited Sponsored A	$0	–	-249,548	–	-1.00%	–
JBAXY	Exit	Julius Baer Gruppe AG Unsponso	$0	–	-296,577	–	-1.04%	–
AER	Exit	Aercap Holdings N.V.	$0	–	-102,482	–	-1.05%	–
NPSNY	Exit	Naspers Limited Sponsored ADR	$0	–	-76,006	–	-1.10%	–
RELX	Exit	RELX PLC Sponsored ADR	$0	–	-124,025	–	-1.13%	–
NOK	Exit	NOKIA CORP -SPON ADR	$0	–	-739,139	–	-1.18%	–
GOLD	Exit	Barrick Gold Corp.	$0	–	-106,194	–	-1.22%	–
AAGIY	Exit	AIA GROUP LTD	$0	–	-76,683	–	-1.23%	–
JD	Exit	JD COM INC ADR	$0	–	-42,112	–	-1.33%	–
MELI	Exit	MercadoLibre, Inc.	$0	–	-3,059	–	-1.35%	–
IX	Exit	Orix Corp.	$0	–	-54,459	–	-1.39%	–
CAE	Exit	Cae Inc.	$0	–	-238,182	–	-1.42%	–
GLPG	Exit	GALAPAGOS NV	$0	–	-25,376	–	-1.47%	–
GRFS	Exit	GRIFOLS SA	$0	–	-223,205	–	-1.58%	–
ESLT	Exit	Elbit Systems Ltd.	$0	–	-32,363	–	-1.59%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-33,359	–	-1.64%	–
UBS	Exit	UBS Group AG	$0	–	-387,072	–	-1.76%	–
QURE	Exit	uniQure N.V.	$0	–	-123,026	–	-1.85%	–
BABA	Exit	Alibaba Group Holding Ltd. Spo	$0	–	-15,707	–	-1.88%	–
ASML	Exit	ASML HOLDING NV	$0	–	-12,711	–	-1.92%	–
OTEX	Exit	Open Text Corp.	$0	–	-115,686	–	-2.00%	–
TSM	Exit	Taiwan Semiconductor Manufactu	$0	–	-62,085	–	-2.06%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP	$0	–	-101,428	–	-2.17%	–
STM	Exit	Stmicroelectronics N.V.	$0	–	-184,362	–	-2.31%	–
LOGI	Exit	Logitech International S.A.	$0	–	-74,625	–	-2.36%	–
ASND	Exit	Ascendis Pharma A/S Sponsored	$0	–	-38,783	–	-2.44%	–
ICLR	Exit	Icon Plc	$0	–	-32,490	–	-2.54%	–
SNN	Exit	Smith & Nephew Plc	$0	–	-169,727	–	-2.71%	–
GIB	Exit	CGI Inc.	$0	–	-103,179	–	-2.86%	–
SAP	Exit	SAP SE-SPONSORED ADR	$0	–	-50,937	–	-3.24%	–
ERIC	Exit	ERICSSON L M TELEPHONE CO	$0	–	-776,525	–	-3.45%	–
RACE	Exit	Ferrari NV	$0	–	-53,933	–	-4.05%	–
SONY	Exit	SONY CORP	$0	–	-150,180	–	-4.71%	–
SHOP	Exit	Shopify, Inc. Class A	$0	–	-16,069	–	-6.71%	–

Q3 2020

			Value		Shares		↓ Weighting
SHOP	Sell	Shopify, Inc. Class A	$16,438,000	-0.5%	16,069	-7.7%	6.71%	-2.9%
SONY	Sell	SONY CORP	$11,526,000	+8.7%	150,180	-2.1%	4.71%	+6.0%
RACE	Buy	Ferrari NV	$9,929,000	+7.7%	53,933	+0.0%	4.05%	+5.1%
ERIC	Sell	ERICSSON L M TELEPHONE CO	$8,456,000	+10.8%	776,525	-5.3%	3.45%	+8.1%
SAP	Sell	SAP SE-SPONSORED ADR	$7,936,000	+9.0%	50,937	-2.1%	3.24%	+6.3%
GIB	Sell	CGI Inc.	$6,992,000	+5.3%	103,179	-2.1%	2.86%	+2.7%
SNN	Buy	Smith & Nephew Plc	$6,636,000	+2.6%	169,727	+0.0%	2.71%	+0.0%
ICLR	Sell	Icon Plc	$6,209,000	+12.4%	32,490	-1.0%	2.54%	+9.6%
ASND	Buy	Ascendis Pharma A/S Sponsored	$5,985,000	+4.3%	38,783	+0.0%	2.44%	+1.8%
LOGI	Sell	Logitech International S.A.	$5,769,000	+16.0%	74,625	-2.1%	2.36%	+13.2%
STM	Buy	Stmicroelectronics N.V.	$5,658,000	+12.1%	184,362	+0.1%	2.31%	+9.4%
IHG	Sell	INTERCONTINENTAL HOTELS GROUP	$5,323,000	+16.2%	101,428	-1.7%	2.17%	+13.4%
TSM	Sell	Taiwan Semiconductor Manufactu	$5,033,000	+32.5%	62,085	-7.2%	2.06%	+29.2%
OTEX	Buy	Open Text Corp.	$4,887,000	-0.5%	115,686	+0.0%	2.00%	-3.0%
ASML	Sell	ASML HOLDING NV	$4,694,000	-3.8%	12,711	-4.1%	1.92%	-6.1%
BABA	Sell	Alibaba Group Holding Ltd. Spo	$4,618,000	+29.1%	15,707	-5.2%	1.88%	+25.9%
QURE	Sell	uniQure N.V.	$4,531,000	-18.4%	123,026	-0.1%	1.85%	-20.4%
UBS	Buy	UBS Group AG	$4,316,000	+73.9%	387,072	+80.0%	1.76%	+69.6%
CHKP	Sell	CHECK POINT SOFTWARE TECH	$4,014,000	+9.6%	33,359	-2.2%	1.64%	+6.9%
ESLT	Sell	Elbit Systems Ltd.	$3,893,000	-12.7%	32,363	-0.5%	1.59%	-14.8%
GRFS	Sell	GRIFOLS SA	$3,873,000	-6.6%	223,205	-1.8%	1.58%	-8.9%
GLPG	Sell	GALAPAGOS NV	$3,601,000	-31.0%	25,376	-4.1%	1.47%	-32.7%
IX	Sell	Orix Corp.	$3,407,000	+1.5%	54,459	-0.0%	1.39%	-1.0%
MELI	Sell	MercadoLibre, Inc.	$3,311,000	+8.3%	3,059	-1.4%	1.35%	+5.6%
JD	Sell	JD COM INC ADR	$3,268,000	+27.5%	42,112	-1.1%	1.33%	+24.3%
AAGIY	Sell	AIA GROUP LTD	$3,004,000	+2.3%	76,683	-2.5%	1.23%	-0.2%
GOLD	Sell	Barrick Gold Corp.	$2,985,000	-0.2%	106,194	-4.3%	1.22%	-2.6%
NOK	Buy	NOKIA CORP -SPON ADR	$2,890,000	-8.9%	739,139	+2.5%	1.18%	-11.1%
RELX	Sell	RELX PLC Sponsored ADR	$2,774,000	-9.7%	124,025	-4.9%	1.13%	-11.9%
NPSNY	Sell	Naspers Limited Sponsored ADR	$2,699,000	-5.8%	76,006	-2.8%	1.10%	-8.1%
AER	Sell	Aercap Holdings N.V.	$2,582,000	-19.1%	102,482	-1.1%	1.05%	-21.0%
JBAXY	Buy	Julius Baer Gruppe AG Unsponso	$2,535,000	+2.1%	296,577	+0.0%	1.04%	-0.4%
IBN	Sell	ICICI Bank Limited Sponsored A	$2,453,000	+5.1%	249,548	-0.6%	1.00%	+2.7%
TAL	Sell	Tal Education Group	$2,332,000	+10.0%	30,665	-1.1%	0.95%	+7.3%
TCEHY	Sell	Tencent Holdings Ltd. Unsponso	$2,271,000	+1.4%	34,408	-1.1%	0.93%	-1.1%
INFY	Sell	Infosys Limited Sponsored ADR	$2,247,000	+34.4%	162,726	-6.0%	0.92%	+31.0%
EXPGY	Buy	Experian PLC	$2,114,000	+48.0%	56,010	+36.6%	0.86%	+44.3%
YNDX	Sell	Yandex NV Class A	$2,034,000	+28.6%	31,167	-1.5%	0.83%	+25.4%
AU	Sell	AngloGold Ashanti Limited Spon	$1,810,000	-10.9%	68,625	-0.3%	0.74%	-13.1%
PSO	Sell	PEARSON PLC SPONSORED ADR ADR	$1,787,000	-4.2%	251,285	-2.6%	0.73%	-6.5%
AMX	Buy	America Movil SAB de CV Sponso	$1,778,000	+21.7%	142,324	+23.6%	0.73%	+18.8%
MOR	Buy	Morphosys AG	$1,761,000	+16.2%	56,107	+17.2%	0.72%	+13.4%
SKM	Buy	SK Telecom Co., Ltd. Sponsored	$1,714,000	+43.1%	76,433	+23.3%	0.70%	+39.7%
RDY	Sell	Dr. Reddy's Laboratories Ltd.	$1,682,000	+30.0%	24,187	-0.9%	0.69%	+26.8%
PROSY	Sell	Prosus N.V. Sponsored ADR	$1,628,000	-3.0%	88,189	-2.3%	0.66%	-5.3%
BIDU	Buy	Baidu, Inc. Sponsored ADR Clas	$1,498,000	+48.0%	11,832	+40.1%	0.61%	+44.3%
WNS	Sell	WNS (Holdings) Limited Sponsor	$1,430,000	+14.9%	22,364	-1.2%	0.58%	+12.1%
IFNNY	Sell	INFINEON TECHNOLOGIES	$1,424,000	+8.1%	50,342	-10.4%	0.58%	+5.4%
HDB	Sell	HDFC Bank Limited Sponsored AD	$1,198,000	+8.3%	23,978	-1.5%	0.49%	+5.6%
NJDCY	Sell	NIDEC CORP ADR	$1,130,000	+14.8%	48,631	-17.6%	0.46%	+11.9%
KB	Sell	KB Financial Group Inc. Sponso	$1,128,000	+14.6%	35,111	-0.8%	0.46%	+11.9%
NILSY	Sell	MMC Norilsk Nickel	$1,125,000	-9.4%	46,584	-1.2%	0.46%	-11.7%
LNSTY	Buy	London Stock Exchange Group pl	$1,117,000	+69.2%	38,944	+52.2%	0.46%	+65.2%
SBRCY	Sell	Sberbank Russia OJSC Sponsored	$1,049,000	+1.8%	89,278	-1.3%	0.43%	-0.7%
LZAGY	Sell	LONZA GROUP AG UNSPON ADR	$1,023,000	-1.2%	16,533	-15.7%	0.42%	-3.5%
DASTY	Sell	DASSAULT SYSTEMS ADR	$1,000,000	-9.6%	5,339	-16.7%	0.41%	-11.9%
CHL	Sell	China Mobile Limited Sponsored	$969,000	-4.9%	30,142	-0.5%	0.40%	-7.0%
KT	Sell	KT Corporation Sponsored ADR	$944,000	-2.0%	98,186	-0.7%	0.38%	-4.5%
FN	Buy	Fabrinet	$915,000	+45.5%	14,513	+44.0%	0.37%	+42.2%
VALE	Sell	Vale S.A. Sponsored ADR	$899,000	+1.1%	84,991	-1.5%	0.37%	-1.3%
LFC	Sell	China Life Insurance Co. Ltd.	$893,000	+11.2%	78,847	-1.0%	0.36%	+8.6%
ACN	Sell	ACCENTURE PLC CL A	$832,000	-15.3%	3,683	-19.5%	0.34%	-17.3%
GDS	Buy	GDS Holdings Ltd. Sponsored AD	$824,000	+136.8%	10,072	+130.9%	0.34%	+130.1%
CS	New	Credit Suisse Group	$803,000	–	80,555	–	0.33%	–
SOUHY	Sell	South32 ADR	$778,000	-1.1%	106,386	-5.1%	0.32%	-3.3%
CEO	Sell	CNOOC Limited Sponsored ADR	$771,000	-15.6%	8,027	-0.8%	0.32%	-17.5%
NSRGY	Sell	NESTLE SA SPONSORED ADR REPSTG	$719,000	-12.4%	6,030	-18.9%	0.29%	-14.5%
ADDYY	Sell	ADIDAS AG ADR	$679,000	-0.3%	4,193	-19.3%	0.28%	-2.8%
LUKOY	Sell	Oil company LUKOIL PJSC Sponso	$672,000	-23.6%	11,700	-1.4%	0.27%	-25.5%
MTD	Sell	METTLER-TOLEDO INTL W/1 RT/SH	$635,000	-4.1%	658	-20.0%	0.26%	-6.5%
TLK	Sell	PERUSAHAAN PERSEROAN F SPONSOR	$611,000	-21.5%	35,169	-1.1%	0.25%	-23.6%
BAP	Sell	Credicorp Ltd.	$584,000	-8.5%	4,712	-1.3%	0.24%	-10.9%
SQM	Sell	Sociedad Quimica Y Minera De C	$577,000	+23.0%	17,813	-1.0%	0.24%	+20.4%
KPCPY	Sell	Kasikornbank Public Co. Ltd. U	$559,000	-20.0%	57,652	-0.7%	0.23%	-22.2%
AZN	Sell	ASTRAZENECA PLC ADR	$521,000	-21.9%	9,501	-24.6%	0.21%	-23.7%
PBR	Sell	Petroleo Brasileiro SA Sponsor	$519,000	-14.9%	72,878	-1.2%	0.21%	-16.9%
SNP	Sell	China Petroleum & Chemical Cor	$505,000	-4.2%	12,486	-0.6%	0.21%	-6.8%
EC	Sell	Ecopetrol SA Sponsored ADR	$485,000	-12.3%	49,240	-0.8%	0.20%	-14.3%
SHG	Sell	Shinhan Financial Group Co Ltd	$468,000	-5.8%	20,356	-1.5%	0.19%	-8.2%
ASX	Sell	ASE Technology Holding Co., Lt	$461,000	-11.9%	112,892	-2.0%	0.19%	-14.2%
RKUNY	Buy	Rakuten Inc.	$454,000	+23.4%	42,336	+1.2%	0.18%	+20.1%
TKC	Sell	Turkcell Iletisim Hizmetleri A	$445,000	-17.7%	92,976	-1.1%	0.18%	-19.5%
SHECY	Sell	SHIN-ETSU CHEM UNSPON ADR	$438,000	-17.2%	13,515	-25.4%	0.18%	-19.0%
NVS	Sell	NOVARTIS AG ADR	$431,000	-20.3%	4,959	-19.9%	0.18%	-22.1%
SFTBY	Sell	SOFTBANK GROUP CORP	$424,000	-12.6%	13,788	-28.5%	0.17%	-14.8%
MDT	Sell	MEDTRONIC PLC	$400,000	-17.0%	3,847	-26.8%	0.16%	-19.3%
BNPQY	Sell	BNP PARIBAS	$386,000	-18.4%	21,228	-10.9%	0.16%	-20.2%
DEO	Sell	DIAGEO PLC	$383,000	-16.7%	2,780	-18.9%	0.16%	-19.2%
SIEGY	Sell	SIEMENS AG ADR	$379,000	-6.4%	5,436	-20.9%	0.16%	-8.3%
OGZPY	Sell	Public Joint-Stock Company Gaz	$375,000	-20.7%	86,010	-1.4%	0.15%	-22.7%
CB	Sell	CHUBB LIMITED	$361,000	-26.8%	3,112	-20.1%	0.15%	-28.6%
IBDRY	Sell	IBERDROLA SA SPONSORED ADR	$354,000	-13.9%	7,182	-19.0%	0.14%	-15.7%
TTE	Sell	TOTAL FINA ELF S A SPONSORED A	$337,000	-27.8%	9,832	-19.0%	0.14%	-29.2%
BZLFY	Sell	BUNZL PLC	$325,000	+3.8%	10,027	-14.3%	0.13%	+1.5%
MHGVY	Sell	Mowi ASA	$323,000	-23.3%	18,239	-18.1%	0.13%	-25.0%
RIO	Sell	RIO TINTO PLC SPONSORED ADR	$322,000	-14.4%	5,330	-20.3%	0.13%	-16.6%
NTTYY	Sell	NIPPON TEL & TEL CORP ADR	$301,000	-29.3%	14,797	-19.1%	0.12%	-30.9%
NABZY	Sell	NATIONAL AUSTRALIA BANK ADR	$294,000	-7.0%	46,170	-8.3%	0.12%	-9.1%
DOX	Sell	AMDOCS LIMITED ORD	$283,000	-30.6%	4,922	-26.5%	0.12%	-32.2%
TD	Sell	TORONTO DOMINION BANK NY	$272,000	-20.2%	5,874	-23.1%	0.11%	-22.4%
PAGS	New	PagSeguro Digital Ltd	$237,000	–	6,293	–	0.10%	–
RDSA	Sell	ROYAL DUTCH SHELL PLC -ADR	$233,000	-39.2%	9,242	-21.1%	0.10%	-40.6%
TM	Sell	Toyota Motor Corp.	$228,000	-18.0%	1,722	-22.2%	0.09%	-19.8%
BKRKY	Sell	PT Bank Rakyat Indonesia (Pers	$221,000	-8.3%	21,675	-4.5%	0.09%	-10.9%
KDDIY	Sell	KDDI CORP UNSPONSORED ADR	$218,000	-30.6%	17,341	-17.2%	0.09%	-32.1%
ALPMY	Sell	Astellas Pharma Inc Unsponsore	$211,000	-27.2%	14,222	-18.3%	0.09%	-28.9%
TSRYY	Sell	TREASURY WINE ESTATES ADR	$169,000	-34.0%	26,337	-25.6%	0.07%	-35.5%
UMC	Sell	United Microelectronics Corp S	$136,000	+58.1%	28,444	-12.9%	0.06%	+55.6%
JMIA	New	Jumia Technologies AG	$121,000	–	15,119	–	0.05%	–
BBD	Sell	Banco Bradesco S.A. Sponsored	$36,000	-93.6%	10,509	-92.8%	0.02%	-93.6%
HIMX	Exit	Himax Technologies, Inc. Spons	$0	–	-10,231	–	-0.02%	–
AMCR	Exit	Amcor PLC	$0	–	-13,976	–	-0.06%	–
HSBC	Exit	HSBC HLDGS PLC SPONS ADR NEW	$0	–	-11,565	–	-0.11%	–
ITUB	Exit	Itau Unibanco Holding S/A (ADS	$0	–	-66,353	–	-0.13%	–
MBT	Exit	Mobile TeleSystems PJSC Sponso	$0	–	-97,994	–	-0.38%	–
LN	Exit	LINE Corp. Sponsored ADR	$0	–	-50,118	–	-1.05%	–

Q2 2020

			Value		Shares		↓ Weighting
SHOP	New	Shopify, Inc. Class A	$16,520,000	–	17,404	–	6.91%	–
SONY	New	SONY CORP	$10,606,000	–	153,428	–	4.44%	–
RACE	New	Ferrari NV	$9,220,000	–	53,913	–	3.86%	–
ERIC	New	ERICSSON L M TELEPHONE CO	$7,629,000	–	820,272	–	3.19%	–
SAP	New	SAP SE-SPONSORED ADR	$7,283,000	–	52,020	–	3.05%	–
GIB	New	CGI Inc.	$6,643,000	–	105,446	–	2.78%	–
SNN	New	Smith & Nephew Plc	$6,470,000	–	169,715	–	2.71%	–
ASND	New	Ascendis Pharma A/S Sponsored	$5,736,000	–	38,782	–	2.40%	–
QURE	New	uniQure N.V.	$5,550,000	–	123,160	–	2.32%	–
ICLR	New	Icon Plc	$5,526,000	–	32,805	–	2.31%	–
GLPG	New	GALAPAGOS NV	$5,222,000	–	26,471	–	2.18%	–
STM	New	Stmicroelectronics N.V.	$5,047,000	–	184,146	–	2.11%	–
LOGI	New	Logitech International S.A.	$4,973,000	–	76,254	–	2.08%	–
OTEX	New	Open Text Corp.	$4,914,000	–	115,682	–	2.06%	–
ASML	New	ASML HOLDING NV	$4,878,000	–	13,255	–	2.04%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$4,579,000	–	103,218	–	1.92%	–
ESLT	New	Elbit Systems Ltd.	$4,457,000	–	32,522	–	1.86%	–
GRFS	New	GRIFOLS SA	$4,147,000	–	227,366	–	1.74%	–
CAE	New	Cae Inc.	$3,856,000	–	238,182	–	1.61%	–
TSM	New	Taiwan Semiconductor Manufactu	$3,798,000	–	66,903	–	1.59%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$3,663,000	–	34,100	–	1.53%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$3,576,000	–	16,577	–	1.50%	–
IX	New	Orix Corp.	$3,356,000	–	54,480	–	1.40%	–
AER	New	Aercap Holdings N.V.	$3,190,000	–	103,572	–	1.34%	–
NOK	New	NOKIA CORP -SPON ADR	$3,174,000	–	721,444	–	1.33%	–
RELX	New	RELX PLC Sponsored ADR	$3,072,000	–	130,385	–	1.29%	–
MELI	New	MercadoLibre, Inc.	$3,058,000	–	3,102	–	1.28%	–
GOLD	New	Barrick Gold Corp.	$2,991,000	–	111,016	–	1.25%	–
AAGIY	New	AIA GROUP LTD	$2,936,000	–	78,689	–	1.23%	–
NPSNY	New	Naspers Limited Sponsored ADR	$2,866,000	–	78,200	–	1.20%	–
JD	New	JD COM INC ADR	$2,563,000	–	42,582	–	1.07%	–
LN	New	LINE Corp. Sponsored ADR	$2,509,000	–	50,118	–	1.05%	–
UBS	New	UBS Group AG	$2,482,000	–	215,072	–	1.04%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$2,482,000	–	296,557	–	1.04%	–
IBN	New	ICICI Bank Limited Sponsored A	$2,333,000	–	251,128	–	0.98%	–
TCEHY	New	Tencent Holdings Ltd. Unsponso	$2,239,000	–	34,801	–	0.94%	–
TAL	New	Tal Education Group	$2,120,000	–	31,005	–	0.89%	–
AU	New	AngloGold Ashanti Limited Spon	$2,031,000	–	68,858	–	0.85%	–
MKKGY	New	Merck KGaA Sponsored ADR	$1,885,000	–	81,243	–	0.79%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$1,866,000	–	258,052	–	0.78%	–
PROSY	New	Prosus N.V. Sponsored ADR	$1,678,000	–	90,289	–	0.70%	–
INFY	New	Infosys Limited Sponsored ADR	$1,672,000	–	173,106	–	0.70%	–
YNDX	New	Yandex NV Class A	$1,582,000	–	31,630	–	0.66%	–
MOR	New	Morphosys AG	$1,516,000	–	47,870	–	0.63%	–
AMX	New	America Movil SAB de CV Sponso	$1,461,000	–	115,168	–	0.61%	–
EXPGY	New	Experian PLC	$1,428,000	–	41,010	–	0.60%	–
IFNNY	New	INFINEON TECHNOLOGIES	$1,317,000	–	56,181	–	0.55%	–
RDY	New	Dr. Reddy's Laboratories Ltd.	$1,294,000	–	24,416	–	0.54%	–
WNS	New	WNS (Holdings) Limited Sponsor	$1,245,000	–	22,646	–	0.52%	–
NILSY	New	MMC Norilsk Nickel	$1,242,000	–	47,153	–	0.52%	–
SKM	New	SK Telecom Co., Ltd. Sponsored	$1,198,000	–	61,987	–	0.50%	–
HDB	New	HDFC Bank Limited Sponsored AD	$1,106,000	–	24,332	–	0.46%	–
DASTY	New	DASSAULT SYSTEMS ADR	$1,106,000	–	6,412	–	0.46%	–
TECK	New	Teck Resources Ltd.	$1,059,000	–	101,607	–	0.44%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$1,035,000	–	19,609	–	0.43%	–
SBRCY	New	Sberbank Russia OJSC Sponsored	$1,030,000	–	90,451	–	0.43%	–
CHL	New	China Mobile Limited Sponsored	$1,019,000	–	30,285	–	0.43%	–
BIDU	New	Baidu, Inc. Sponsored ADR Clas	$1,012,000	–	8,443	–	0.42%	–
KB	New	KB Financial Group Inc. Sponso	$984,000	–	35,383	–	0.41%	–
NJDCY	New	NIDEC CORP ADR	$984,000	–	59,011	–	0.41%	–
ACN	New	ACCENTURE PLC CL A	$982,000	–	4,574	–	0.41%	–
KT	New	KT Corporation Sponsored ADR	$963,000	–	98,906	–	0.40%	–
CEO	New	CNOOC Limited Sponsored ADR	$913,000	–	8,094	–	0.38%	–
MBT	New	Mobile TeleSystems PJSC Sponso	$901,000	–	97,994	–	0.38%	–
VALE	New	Vale S.A. Sponsored ADR	$889,000	–	86,259	–	0.37%	–
LUKOY	New	Oil company LUKOIL PJSC Sponso	$880,000	–	11,861	–	0.37%	–
SBS	New	Companhia De Saneamento Basico	$862,000	–	82,020	–	0.36%	–
NSRGY	New	NESTLE SA SPONSORED ADR REPSTG	$821,000	–	7,437	–	0.34%	–
LFC	New	China Life Insurance Co. Ltd.	$803,000	–	79,630	–	0.34%	–
SOUHY	New	South32 ADR	$787,000	–	112,063	–	0.33%	–
TLK	New	PERUSAHAAN PERSEROAN F SPONSOR	$778,000	–	35,556	–	0.33%	–
KPCPY	New	Kasikornbank Public Co. Ltd. U	$699,000	–	58,059	–	0.29%	–
ADDYY	New	ADIDAS AG ADR	$681,000	–	5,193	–	0.28%	–
AZN	New	ASTRAZENECA PLC ADR	$667,000	–	12,606	–	0.28%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$662,000	–	822	–	0.28%	–
LNSTY	New	London Stock Exchange Group pl	$660,000	–	25,579	–	0.28%	–
BAP	New	Credicorp Ltd.	$638,000	–	4,775	–	0.27%	–
PPERY	New	PT Bank Mandiri (Persero) Tbk	$630,000	–	90,926	–	0.26%	–
FN	New	Fabrinet	$629,000	–	10,076	–	0.26%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$610,000	–	73,758	–	0.26%	–
BBD	New	Banco Bradesco S.A. Sponsored	$559,000	–	146,801	–	0.23%	–
EC	New	Ecopetrol SA Sponsored ADR	$553,000	–	49,648	–	0.23%	–
TKC	New	Turkcell Iletisim Hizmetleri A	$541,000	–	94,009	–	0.23%	–
NVS	New	NOVARTIS AG ADR	$541,000	–	6,190	–	0.23%	–
SNP	New	China Petroleum & Chemical Cor	$527,000	–	12,566	–	0.22%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$529,000	–	18,111	–	0.22%	–
ASX	New	ASE Technology Holding Co., Lt	$523,000	–	115,214	–	0.22%	–
SHG	New	Shinhan Financial Group Co Ltd	$497,000	–	20,666	–	0.21%	–
CB	New	CHUBB LIMITED	$493,000	–	3,896	–	0.21%	–
SFTBY	New	SOFTBANK GROUP CORP	$485,000	–	19,276	–	0.20%	–
MDT	New	MEDTRONIC PLC	$482,000	–	5,254	–	0.20%	–
BNPQY	New	BNP PARIBAS	$473,000	–	23,826	–	0.20%	–
OGZPY	New	Public Joint-Stock Company Gaz	$473,000	–	87,202	–	0.20%	–
SQM	New	Sociedad Quimica Y Minera De C	$469,000	–	18,000	–	0.20%	–
TTE	New	TOTAL FINA ELF S A SPONSORED A	$467,000	–	12,139	–	0.20%	–
DEO	New	DIAGEO PLC	$460,000	–	3,426	–	0.19%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$426,000	–	18,283	–	0.18%	–
MHGVY	New	Mowi ASA	$421,000	–	22,257	–	0.18%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$411,000	–	8,865	–	0.17%	–
DOX	New	AMDOCS LIMITED ORD	$408,000	–	6,699	–	0.17%	–
SIEGY	New	SIEMENS AG ADR	$405,000	–	6,869	–	0.17%	–
LYG	New	Lloyds Tsb Group Plc	$403,000	–	269,000	–	0.17%	–
EBR	New	Centrais Eletricas Brasileiras	$391,000	–	68,902	–	0.16%	–
RDSA	New	ROYAL DUTCH SHELL PLC -ADR	$383,000	–	11,709	–	0.16%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$376,000	–	6,689	–	0.16%	–
RKUNY	New	Rakuten Inc.	$368,000	–	41,836	–	0.15%	–
BSAC	New	Banco Santander-Chile	$365,000	–	22,281	–	0.15%	–
SYIEY	New	Symrise AG Unsponsored ADR	$363,000	–	12,474	–	0.15%	–
GDS	New	GDS Holdings Ltd. Sponsored AD	$348,000	–	4,363	–	0.15%	–
TD	New	TORONTO DOMINION BANK NY	$341,000	–	7,637	–	0.14%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$316,000	–	50,348	–	0.13%	–
BZLFY	New	BUNZL PLC	$313,000	–	11,700	–	0.13%	–
KDDIY	New	KDDI CORP UNSPONSORED ADR	$314,000	–	20,949	–	0.13%	–
ITUB	New	Itau Unibanco Holding S/A (ADS	$311,000	–	66,353	–	0.13%	–
ABEV	New	Ambev SA Sponsored ADR	$304,000	–	115,127	–	0.13%	–
ALPMY	New	Astellas Pharma Inc Unsponsore	$290,000	–	17,402	–	0.12%	–
TM	New	Toyota Motor Corp.	$278,000	–	2,214	–	0.12%	–
HSBC	New	HSBC HLDGS PLC SPONS ADR NEW	$270,000	–	11,565	–	0.11%	–
TSRYY	New	TREASURY WINE ESTATES ADR	$256,000	–	35,410	–	0.11%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$241,000	–	22,691	–	0.10%	–
VEOEY	New	Veolia Environnement	$227,000	–	10,110	–	0.10%	–
SSL	New	Sasol Limited Sponsored ADR	$201,000	–	26,063	–	0.08%	–
AMCR	New	Amcor PLC	$143,000	–	13,976	–	0.06%	–
UMC	New	United Microelectronics Corp S	$86,000	–	32,646	–	0.04%	–
HIMX	New	Himax Technologies, Inc. Spons	$42,000	–	10,231	–	0.02%	–

Q4 2019

			Value		Shares		↓ Weighting
MLYBY	Exit	Malayan Banking Bhd. Sponsored	$0	–	-16,845	–	-0.03%	–
NOK	Exit	NOKIA CORP -SPON ADR	$0	–	-14,942	–	-0.03%	–
UMC	Exit	United Microelectronics Corp S	$0	–	-44,821	–	-0.04%	–
AMCR	Exit	Amcor PLC	$0	–	-15,304	–	-0.06%	–
OPRA	Exit	Opera Ltd. Sponsored ADR	$0	–	-18,027	–	-0.08%	–
SSL	Exit	Sasol Limited Sponsored ADR	$0	–	-10,564	–	-0.08%	–
GGAL	Exit	Grupo Financiero Galicia S.A.	$0	–	-15,000	–	-0.08%	–
NABZY	Exit	NATIONAL AUSTRALIA BANK ADR	$0	–	-20,624	–	-0.09%	–
TTM	Exit	Tata Motors Limited Sponsored	$0	–	-25,766	–	-0.09%	–
PNGAY	Exit	Ping An Insurance (Group) Comp	$0	–	-9,983	–	-0.10%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADR	$0	–	-2,433	–	-0.10%	–
TM	Exit	Toyota Motor Corp.	$0	–	-1,756	–	-0.10%	–
ALPMY	Exit	Astellas Pharma Inc Unsponsore	$0	–	-17,669	–	-0.11%	–
KDDIY	Exit	KDDI CORP UNSPONSORED ADR	$0	–	-21,256	–	-0.12%	–
VEOEY	Exit	Veolia Environnement	$0	–	-11,583	–	-0.12%	–
NVCR	Exit	Novocure	$0	–	-3,904	–	-0.12%	–
MCHOY	Exit	MultiChoice Group Ltd. Sponsor	$0	–	-39,440	–	-0.13%	–
BZLFY	Exit	BUNZL PLC	$0	–	-12,581	–	-0.14%	–
BNPQY	Exit	BNP PARIBAS	$0	–	-14,015	–	-0.14%	–
RIO	Exit	RIO TINTO PLC SPONSORED ADR	$0	–	-6,763	–	-0.15%	–
BKRKY	Exit	PT Bank Rakyat Indonesia (Pers	$0	–	-25,680	–	-0.16%	–
SIEGY	Exit	SIEMENS AG ADR	$0	–	-6,945	–	-0.16%	–
IBDRY	Exit	IBERDROLA SA SPONSORED ADR	$0	–	-9,027	–	-0.16%	–
SFTBY	Exit	SOFTBANK GROUP CORP	$0	–	-19,694	–	-0.16%	–
ARCO	Exit	Arcos Dorados Holdings, Inc. C	$0	–	-57,258	–	-0.16%	–
MBT	Exit	Mobile TeleSystems PJSC Sponso	$0	–	-50,769	–	-0.18%	–
NTTYY	Exit	NIPPON TEL & TEL CORP ADR	$0	–	-9,255	–	-0.19%	–
FLY	Exit	Fly Leasing Limited Sponsored	$0	–	-21,620	–	-0.19%	–
TD	Exit	TORONTO DOMINION BANK NY	$0	–	-7,727	–	-0.19%	–
TSRYY	Exit	TREASURY WINE ESTATES ADR	$0	–	-36,832	–	-0.20%	–
RKUNY	Exit	Rakuten Inc.	$0	–	-47,355	–	-0.20%	–
HSBC	Exit	HSBC HLDGS PLC SPONS ADR NEW	$0	–	-12,240	–	-0.20%	–
BIDU	Exit	Baidu, Inc. Sponsored ADR Clas	$0	–	-4,595	–	-0.20%	–
MTLS	Exit	Materialise NV Sponsored ADR	$0	–	-25,944	–	-0.20%	–
JD	Exit	JD COM INC ADR	$0	–	-17,200	–	-0.21%	–
LNSTY	Exit	London Stock Exchange Group pl	$0	–	-21,697	–	-0.21%	–
SHECY	Exit	SHIN-ETSU CHEM UNSPON ADR	$0	–	-18,317	–	-0.21%	–
MOR	Exit	Morphosys AG	$0	–	-18,558	–	-0.22%	–
SQM	Exit	Sociedad Quimica Y Minera De C	$0	–	-18,493	–	-0.22%	–
MHGVY	Exit	Mowi ASA	$0	–	-22,611	–	-0.22%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-6,273	–	-0.23%	–
ASX	Exit	ASE Technology Holding Co., Lt	$0	–	-124,311	–	-0.24%	–
ITUB	Exit	Itau Unibanco Holding S/A (ADS	$0	–	-66,388	–	-0.24%	–
TKC	Exit	Turkcell Iletisim Hizmetleri A	$0	–	-97,553	–	-0.24%	–
DEO	Exit	DIAGEO PLC	$0	–	-3,472	–	-0.24%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-12,825	–	-0.24%	–
MTD	Exit	METTLER-TOLEDO INTL W/1 RT/SH	$0	–	-831	–	-0.25%	–
LIVN	Exit	Livanova PLC	$0	–	-8,328	–	-0.26%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-5,654	–	-0.26%	–
BVN	Exit	Compania De Minas Buenaventura	$0	–	-41,376	–	-0.27%	–
OGZPY	Exit	Public Joint-Stock Company Gaz	$0	–	-91,433	–	-0.27%	–
CB	Exit	CHUBB LIMITED	$0	–	-3,945	–	-0.27%	–
TTE	Exit	TOTAL FINA ELF S A SPONSORED A	$0	–	-12,313	–	-0.27%	–
KT	Exit	KT Corporation Sponsored ADR	$0	–	-57,688	–	-0.28%	–
UGP	Exit	ULTRAPAR PART SPON F SPONSORED	$0	–	-152,705	–	-0.29%	–
LZAGY	Exit	LONZA GROUP AG UNSPON ADR	$0	–	-20,433	–	-0.30%	–
ASR	Exit	Grupo Aeroportuario del Surest	$0	–	-4,588	–	-0.30%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC -ADR	$0	–	-11,908	–	-0.30%	–
SYIEY	Exit	Symrise AG Unsponsored ADR	$0	–	-29,273	–	-0.30%	–
GWPH	Exit	GW Pharmaceuticals PLC Sponsor	$0	–	-6,505	–	-0.32%	–
SHG	Exit	Shinhan Financial Group Co Ltd	$0	–	-21,567	–	-0.32%	–
SNP	Exit	China Petroleum & Chemical Cor	$0	–	-12,970	–	-0.32%	–
CHL	Exit	China Mobile Limited Sponsored	$0	–	-18,746	–	-0.33%	–
DOX	Exit	AMDOCS LIMITED ORD	$0	–	-11,765	–	-0.33%	–
NSRGY	Exit	NESTLE SA SPONSORED ADR REPSTG	$0	–	-7,531	–	-0.35%	–
LYG	Exit	Lloyds Tsb Group Plc	$0	–	-309,176	–	-0.35%	–
ADDYY	Exit	ADIDAS AG ADR	$0	–	-5,253	–	-0.35%	–
CAJ	Exit	Canon Inc.	$0	–	-32,015	–	-0.36%	–
EC	Exit	Ecopetrol SA Sponsored ADR	$0	–	-51,226	–	-0.37%	–
KB	Exit	KB Financial Group Inc. Sponso	$0	–	-24,560	–	-0.37%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-4,634	–	-0.38%	–
PPERY	Exit	PT Bank Mandiri (Persero) Tbk	$0	–	-90,900	–	-0.38%	–
DASTY	Exit	DASSAULT SYSTEMS ADR	$0	–	-6,589	–	-0.40%	–
LFC	Exit	China Life Insurance Co. Ltd.	$0	–	-82,066	–	-0.40%	–
RDY	Exit	Dr. Reddy's Laboratories Ltd.	$0	–	-25,094	–	-0.41%	–
SBS	Exit	Companhia De Saneamento Basico	$0	–	-82,086	–	-0.42%	–
SOUHY	Exit	South32 ADR	$0	–	-114,293	–	-0.43%	–
NJDCY	Exit	NIDEC CORP ADR	$0	–	-30,188	–	-0.43%	–
EBR	Exit	Centrais Eletricas Brasileiras	$0	–	-106,445	–	-0.44%	–
LUKOY	Exit	Oil company LUKOIL PJSC Sponso	$0	–	-12,346	–	-0.44%	–
IFNNY	Exit	INFINEON TECHNOLOGIES	$0	–	-57,003	–	-0.44%	–
NILSY	Exit	MMC Norilsk Nickel	$0	–	-40,272	–	-0.44%	–
BAP	Exit	Credicorp Ltd.	$0	–	-4,975	–	-0.44%	–
VALE	Exit	Vale S.A. Sponsored ADR	$0	–	-90,416	–	-0.44%	–
BSAC	Exit	Banco Santander-Chile	$0	–	-37,713	–	-0.45%	–
TLK	Exit	PERUSAHAAN PERSEROAN F SPONSOR	$0	–	-36,256	–	-0.47%	–
PBR	Exit	Petroleo Brasileiro SA Sponsor	$0	–	-76,924	–	-0.48%	–
BBD	Exit	Banco Bradesco S.A. Sponsored	$0	–	-137,961	–	-0.48%	–
PROSY	Exit	Prosus N.V. Sponsored ADR	$0	–	-79,381	–	-0.50%	–
YNDX	Exit	Yandex NV Class A	$0	–	-33,617	–	-0.50%	–
ASND	Exit	Ascendis Pharma A/S Sponsored	$0	–	-12,907	–	-0.53%	–
CEO	Exit	CNOOC Limited Sponsored ADR	$0	–	-8,344	–	-0.54%	–
SBRCY	Exit	Sberbank Russia OJSC Sponsored	$0	–	-94,426	–	-0.56%	–
HDB	Exit	HDFC Bank Limited Sponsored AD	$0	–	-25,538	–	-0.62%	–
ABEV	Exit	Ambev SA Sponsored ADR	$0	–	-326,541	–	-0.64%	–
KPCPY	Exit	Kasikornbank Public Co. Ltd. U	$0	–	-73,641	–	-0.64%	–
TCEHY	Exit	Tencent Holdings Ltd. Unsponso	$0	–	-36,164	–	-0.65%	–
AU	Exit	AngloGold Ashanti Limited Spon	$0	–	-85,052	–	-0.66%	–
TECK	Exit	Teck Resources Ltd.	$0	–	-101,607	–	-0.70%	–
MKKGY	Exit	Merck KGaA Sponsored ADR	$0	–	-73,344	–	-0.70%	–
SKM	Exit	SK Telecom Co., Ltd. Sponsored	$0	–	-74,599	–	-0.71%	–
WNS	Exit	WNS (Holdings) Limited Sponsor	$0	–	-29,293	–	-0.73%	–
AMX	Exit	America Movil SAB de CV Sponso	$0	–	-117,960	–	-0.75%	–
GOLD	Exit	Barrick Gold Corp.	$0	–	-101,451	–	-0.75%	–
MELI	Exit	MercadoLibre, Inc.	$0	–	-3,277	–	-0.77%	–
ECA	Exit	Encana Corp.	$0	–	-406,553	–	-0.80%	–
INFY	Exit	Infosys Limited Sponsored ADR	$0	–	-179,800	–	-0.87%	–
NPSNY	Exit	Naspers Limited Sponsored ADR	$0	–	-79,381	–	-1.01%	–
JBAXY	Exit	Julius Baer Gruppe AG Unsponso	$0	–	-296,324	–	-1.12%	–
BABA	Exit	Alibaba Group Holding Ltd. Spo	$0	–	-15,986	–	-1.14%	–
AAGIY	Exit	AIA GROUP LTD	$0	–	-78,836	–	-1.27%	–
PSO	Exit	PEARSON PLC SPONSORED ADR ADR	$0	–	-329,680	–	-1.27%	–
RELX	Exit	RELX PLC Sponsored ADR	$0	–	-130,770	–	-1.32%	–
IBN	Exit	ICICI Bank Limited Sponsored A	$0	–	-255,582	–	-1.33%	–
GLPG	Exit	GALAPAGOS NV	$0	–	-20,564	–	-1.34%	–
TSM	Exit	Taiwan Semiconductor Manufactu	$0	–	-68,732	–	-1.36%	–
ASML	Exit	ASML HOLDING NV	$0	–	-13,185	–	-1.40%	–
STM	Exit	Stmicroelectronics N.V.	$0	–	-183,058	–	-1.51%	–
LOGI	Exit	Logitech International S.A.	$0	–	-87,387	–	-1.52%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-34,282	–	-1.60%	–
ICLR	Exit	Icon Plc	$0	–	-29,853	–	-1.88%	–
QURE	Exit	uniQure N.V.	$0	–	-113,358	–	-1.90%	–
GRFS	Exit	GRIFOLS SA	$0	–	-228,076	–	-1.95%	–
IX	Exit	Orix Corp.	$0	–	-61,074	–	-1.96%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-59,443	–	-2.06%	–
LN	Exit	LINE Corp. Sponsored ADR	$0	–	-140,300	–	-2.15%	–
ERIC	Exit	ERICSSON L M TELEPHONE CO	$0	–	-662,306	–	-2.25%	–
OTEX	Exit	Open Text Corp.	$0	–	-134,823	–	-2.35%	–
CAE	Exit	Cae Inc.	$0	–	-238,931	–	-2.59%	–
SAP	Exit	SAP SE-SPONSORED ADR	$0	–	-52,091	–	-2.62%	–
ESLT	Exit	Elbit Systems Ltd.	$0	–	-38,200	–	-2.68%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP	$0	–	-103,551	–	-2.75%	–
AER	Exit	Aercap Holdings N.V.	$0	–	-122,140	–	-2.85%	–
SHOP	Exit	Shopify, Inc. Class A	$0	–	-25,181	–	-3.35%	–
SNN	Exit	Smith & Nephew Plc	$0	–	-170,122	–	-3.49%	–
RACE	Exit	Ferrari NV	$0	–	-53,979	–	-3.55%	–
GIB	Exit	CGI Inc.	$0	–	-105,844	–	-3.57%	–
SONY	Exit	SONY CORP	$0	–	-153,641	–	-3.87%	–

Q3 2019

			Value		Shares		↓ Weighting
SONY	Buy	SONY CORP	$9,085,000	+13.0%	153,641	+0.1%	3.87%	+12.4%
GIB	Sell	CGI Inc.	$8,376,000	+2.9%	105,844	-0.1%	3.57%	+2.4%
RACE	Sell	Ferrari NV	$8,318,000	-4.5%	53,979	-0.0%	3.55%	-5.1%
SNN	Sell	Smith & Nephew Plc	$8,188,000	+10.4%	170,122	-0.1%	3.49%	+9.8%
SHOP	Sell	Shopify, Inc. Class A	$7,848,000	+3.6%	25,181	-0.2%	3.35%	+3.0%
AER	Buy	Aercap Holdings N.V.	$6,687,000	+11.1%	122,140	+5.5%	2.85%	+10.5%
IHG	Sell	INTERCONTINENTAL HOTELS GROUP	$6,450,000	-7.0%	103,551	-0.1%	2.75%	-7.5%
ESLT	Buy	Elbit Systems Ltd.	$6,294,000	+15.2%	38,200	+4.5%	2.68%	+14.6%
CAE	Sell	Cae Inc.	$6,069,000	-5.6%	238,931	-0.2%	2.59%	-6.1%
OTEX	Buy	Open Text Corp.	$5,502,000	+6.0%	134,823	+7.0%	2.35%	+5.4%
ERIC	Sell	ERICSSON L M TELEPHONE CO	$5,285,000	-16.1%	662,306	-0.2%	2.25%	-16.6%
LN	Buy	LINE Corp. Sponsored ADR	$5,042,000	+66.5%	140,300	+30.4%	2.15%	+65.6%
INXN	Sell	INTERXION HOLDING NV	$4,842,000	+6.8%	59,443	-0.2%	2.06%	+6.3%
IX	Buy	Orix Corp.	$4,590,000	+90.5%	61,074	+89.8%	1.96%	+89.4%
GRFS	Sell	GRIFOLS SA	$4,571,000	-5.1%	228,076	-0.1%	1.95%	-5.6%
QURE	Buy	uniQure N.V.	$4,462,000	-46.1%	113,358	+7.1%	1.90%	-46.3%
ICLR	Buy	Icon Plc	$4,399,000	+0.3%	29,853	+4.7%	1.88%	-0.3%
CHKP	Sell	CHECK POINT SOFTWARE TECH	$3,754,000	-12.1%	34,282	-7.2%	1.60%	-12.6%
LOGI	Sell	Logitech International S.A.	$3,560,000	+2.2%	87,387	-0.3%	1.52%	+1.6%
STM	Buy	Stmicroelectronics N.V.	$3,540,000	+10.3%	183,058	+0.6%	1.51%	+9.8%
TSM	Buy	Taiwan Semiconductor Manufactu	$3,195,000	+18.8%	68,732	+0.1%	1.36%	+18.1%
GLPG	Sell	GALAPAGOS NV	$3,139,000	+18.0%	20,564	-0.3%	1.34%	+17.5%
IBN	Buy	ICICI Bank Limited Sponsored A	$3,113,000	-3.2%	255,582	+0.1%	1.33%	-3.8%
RELX	Buy	RELX PLC Sponsored ADR	$3,102,000	-2.8%	130,770	+0.0%	1.32%	-3.3%
PSO	Buy	PEARSON PLC SPONSORED ADR ADR	$2,980,000	+10.3%	329,680	+26.4%	1.27%	+9.8%
BABA	Buy	Alibaba Group Holding Ltd. Spo	$2,673,000	-1.2%	15,986	+0.1%	1.14%	-1.7%
JBAXY	Buy	Julius Baer Gruppe AG Unsponso	$2,628,000	+214.4%	296,324	+216.1%	1.12%	+213.1%
NPSNY	Buy	Naspers Limited Sponsored ADR	$2,378,000	-38.2%	79,381	+0.0%	1.01%	-38.5%
INFY	Buy	Infosys Limited Sponsored ADR	$2,044,000	+6.3%	179,800	+0.1%	0.87%	+5.8%
ECA	Sell	Encana Corp.	$1,870,000	-10.5%	406,553	-0.1%	0.80%	-11.0%
MELI	Buy	MercadoLibre, Inc.	$1,806,000	+18.5%	3,277	+31.6%	0.77%	+17.9%
GOLD	Buy	Barrick Gold Corp.	$1,758,000	+13.0%	101,451	+2.8%	0.75%	+12.4%
AMX	Buy	America Movil SAB de CV Sponso	$1,753,000	+2.2%	117,960	+0.1%	0.75%	+1.6%
WNS	Buy	WNS (Holdings) Limited Sponsor	$1,721,000	+23.9%	29,293	+24.9%	0.73%	+23.4%
SKM	Buy	SK Telecom Co., Ltd. Sponsored	$1,656,000	-10.2%	74,599	+0.1%	0.71%	-10.7%
TECK	Sell	Teck Resources Ltd.	$1,649,000	-29.7%	101,607	-0.1%	0.70%	-30.0%
AU	Buy	AngloGold Ashanti Limited Spon	$1,554,000	+2.6%	85,052	+0.0%	0.66%	+2.2%
TCEHY	Buy	Tencent Holdings Ltd. Unsponso	$1,523,000	-6.6%	36,164	+0.1%	0.65%	-7.2%
KPCPY	Buy	Kasikornbank Public Co. Ltd. U	$1,512,000	-16.9%	73,641	+0.1%	0.64%	-17.3%
ABEV	Buy	Ambev SA Sponsored ADR	$1,509,000	-1.0%	326,541	+0.1%	0.64%	-1.5%
HDB	Buy	HDFC Bank Limited Sponsored AD	$1,457,000	-12.1%	25,538	+100.3%	0.62%	-12.7%
SBRCY	Buy	Sberbank Russia OJSC Sponsored	$1,326,000	+41.8%	94,426	+52.8%	0.56%	+40.9%
CEO	Buy	CNOOC Limited Sponsored ADR	$1,270,000	-10.6%	8,344	+0.1%	0.54%	-11.0%
ASND	Buy	Ascendis Pharma A/S Sponsored	$1,243,000	+28.4%	12,907	+53.5%	0.53%	+27.7%
YNDX	Buy	Yandex NV Class A	$1,177,000	+254.5%	33,617	+284.5%	0.50%	+253.5%
PROSY	New	Prosus N.V. Sponsored ADR	$1,166,000	–	79,381	–	0.50%	–
BBD	Buy	Banco Bradesco S.A. Sponsored	$1,123,000	-17.1%	137,961	+0.1%	0.48%	-17.4%
PBR	Buy	Petroleo Brasileiro SA Sponsor	$1,113,000	-6.9%	76,924	+0.1%	0.48%	-7.4%
TLK	Buy	PERUSAHAAN PERSEROAN F SPONSOR	$1,092,000	+3.1%	36,256	+0.1%	0.47%	+2.6%
BSAC	Sell	Banco Santander-Chile	$1,056,000	-8.7%	37,713	-2.5%	0.45%	-9.3%
VALE	Buy	Vale S.A. Sponsored ADR	$1,040,000	-14.3%	90,416	+0.1%	0.44%	-14.8%
BAP	Buy	Credicorp Ltd.	$1,037,000	+76.4%	4,975	+93.7%	0.44%	+75.4%
NILSY	Buy	MMC Norilsk Nickel	$1,031,000	+81.8%	40,272	+61.0%	0.44%	+81.1%
IFNNY	Sell	INFINEON TECHNOLOGIES	$1,026,000	+1.1%	57,003	-0.5%	0.44%	+0.7%
LUKOY	Buy	Oil company LUKOIL PJSC Sponso	$1,021,000	-1.5%	12,346	+0.1%	0.44%	-2.2%
NJDCY	Sell	NIDEC CORP ADR	$1,014,000	-2.3%	30,188	-0.6%	0.43%	-2.9%
SOUHY	Sell	South32 ADR	$1,010,000	-21.1%	114,293	-0.4%	0.43%	-21.5%
RDY	Buy	Dr. Reddy's Laboratories Ltd.	$951,000	+1.3%	25,094	+0.1%	0.41%	+0.7%
LFC	Buy	China Life Insurance Co. Ltd.	$945,000	-6.8%	82,066	+0.1%	0.40%	-7.4%
DASTY	Sell	DASSAULT SYSTEMS ADR	$939,000	-11.5%	6,589	-0.8%	0.40%	-12.1%
KB	Sell	KB Financial Group Inc. Sponso	$877,000	-43.2%	24,560	-37.3%	0.37%	-43.5%
EC	Buy	Ecopetrol SA Sponsored ADR	$872,000	-6.8%	51,226	+0.1%	0.37%	-7.2%
DOX	Buy	AMDOCS LIMITED ORD	$778,000	+85.2%	11,765	+73.9%	0.33%	+84.4%
CHL	Buy	China Mobile Limited Sponsored	$776,000	-8.5%	18,746	+0.1%	0.33%	-9.1%
SNP	Buy	China Petroleum & Chemical Cor	$761,000	-13.9%	12,970	+0.1%	0.32%	-14.2%
SHG	Buy	Shinhan Financial Group Co Ltd	$755,000	-9.8%	21,567	+0.2%	0.32%	-10.3%
GWPH	Buy	GW Pharmaceuticals PLC Sponsor	$748,000	+92.3%	6,505	+188.5%	0.32%	+91.0%
SYIEY	Sell	Symrise AG Unsponsored ADR	$711,000	-0.4%	29,273	-1.2%	0.30%	-1.0%
RDSA	Buy	ROYAL DUTCH SHELL PLC -ADR	$701,000	-9.5%	11,908	+0.0%	0.30%	-9.9%
ASR	Buy	Grupo Aeroportuario del Surest	$700,000	-5.8%	4,588	+0.1%	0.30%	-6.6%
LZAGY	Sell	LONZA GROUP AG UNSPON ADR	$691,000	-1.4%	20,433	-1.5%	0.30%	-2.0%
UGP	Buy	ULTRAPAR PART SPON F SPONSORED	$683,000	-14.6%	152,705	+0.1%	0.29%	-15.2%
KT	Buy	KT Corporation Sponsored ADR	$652,000	-8.6%	57,688	+0.1%	0.28%	-9.2%
CB	Buy	CHUBB LIMITED	$637,000	+12.0%	3,945	+2.1%	0.27%	+11.5%
OGZPY	Buy	Public Joint-Stock Company Gaz	$631,000	-6.4%	91,433	+0.2%	0.27%	-6.9%
BVN	Buy	Compania De Minas Buenaventura	$628,000	-8.9%	41,376	+0.0%	0.27%	-9.2%
LIVN	New	Livanova PLC	$615,000	–	8,328	–	0.26%	–
MDT	Buy	MEDTRONIC PLC	$614,000	+19.5%	5,654	+7.0%	0.26%	+19.1%
MTD	Sell	METTLER-TOLEDO INTL W/1 RT/SH	$585,000	-48.2%	831	-38.2%	0.25%	-48.6%
AZN	Buy	ASTRAZENECA PLC ADR	$572,000	+16.0%	12,825	+7.4%	0.24%	+15.6%
TKC	Buy	Turkcell Iletisim Hizmetleri A	$564,000	+5.6%	97,553	+0.1%	0.24%	+5.2%
ASX	Buy	ASE Technology Holding Co., Lt	$554,000	+13.1%	124,311	+0.3%	0.24%	+12.4%
NVS	Sell	NOVARTIS AG ADR	$545,000	-4.9%	6,273	-0.1%	0.23%	-5.7%
MHGVY	Buy	Mowi ASA	$522,000	-0.9%	22,611	+0.4%	0.22%	-1.3%
SQM	Buy	Sociedad Quimica Y Minera De C	$514,000	-10.6%	18,493	+0.1%	0.22%	-11.3%
MOR	Sell	Morphosys AG	$510,000	+13.1%	18,558	-0.6%	0.22%	+12.4%
SHECY	Buy	SHIN-ETSU CHEM UNSPON ADR	$490,000	+28.9%	18,317	+12.3%	0.21%	+28.2%
LNSTY	Sell	London Stock Exchange Group pl	$488,000	+26.8%	21,697	-1.8%	0.21%	+26.1%
JD	Buy	JD COM INC ADR	$485,000	-5.8%	17,200	+1.2%	0.21%	-6.3%
MTLS	New	Materialise NV Sponsored ADR	$479,000	–	25,944	–	0.20%	–
BIDU	Buy	Baidu, Inc. Sponsored ADR Clas	$472,000	-12.3%	4,595	+0.2%	0.20%	-13.0%
HSBC	Buy	HSBC HLDGS PLC SPONS ADR NEW	$468,000	-8.4%	12,240	+0.0%	0.20%	-8.7%
RKUNY	Sell	Rakuten Inc.	$467,000	-17.9%	47,355	-1.1%	0.20%	-18.4%
TSRYY	Sell	TREASURY WINE ESTATES ADR	$461,000	+17.9%	36,832	-1.3%	0.20%	+17.3%
FLY	New	Fly Leasing Limited Sponsored	$443,000	–	21,620	–	0.19%	–
NTTYY	Buy	NIPPON TEL & TEL CORP ADR	$442,000	+5.7%	9,255	+3.0%	0.19%	+5.0%
MBT	Buy	Mobile TeleSystems PJSC Sponso	$411,000	-12.9%	50,769	+0.1%	0.18%	-13.4%
SFTBY	Buy	SOFTBANK GROUP CORP	$385,000	-47.3%	19,694	+29.2%	0.16%	-47.6%
ARCO	New	Arcos Dorados Holdings, Inc. C	$385,000	–	57,258	–	0.16%	–
BKRKY	Buy	PT Bank Rakyat Indonesia (Pers	$373,000	-5.6%	25,680	+0.4%	0.16%	-5.9%
SIEGY	Sell	SIEMENS AG ADR	$372,000	-14.5%	6,945	-5.0%	0.16%	-14.5%
RIO	Buy	RIO TINTO PLC SPONSORED ADR	$352,000	-16.4%	6,763	+0.0%	0.15%	-16.7%
BNPQY	Buy	BNP PARIBAS	$341,000	+6.6%	14,015	+4.2%	0.14%	+5.8%
BZLFY	Sell	BUNZL PLC	$329,000	-2.4%	12,581	-1.4%	0.14%	-2.8%
MCHOY	Sell	MultiChoice Group Ltd. Sponsor	$307,000	-20.9%	39,440	-3.3%	0.13%	-21.1%
NVCR	New	Novocure	$292,000	–	3,904	–	0.12%	–
VEOEY	Sell	Veolia Environnement	$294,000	+1.0%	11,583	-2.8%	0.12%	0.0%
PNGAY	Buy	Ping An Insurance (Group) Comp	$229,000	-3.4%	9,983	+1.0%	0.10%	-3.9%
TTM	Sell	Tata Motors Limited Sponsored	$216,000	-55.2%	25,766	-37.5%	0.09%	-55.6%
OPRA	New	Opera Ltd. Sponsored ADR	$181,000	–	18,027	–	0.08%	–
SSL	Sell	Sasol Limited Sponsored ADR	$180,000	-31.8%	10,564	-0.5%	0.08%	-31.9%
AMCR	Sell	Amcor PLC	$149,000	-62.1%	15,304	-55.2%	0.06%	-61.9%
UMC	Buy	United Microelectronics Corp S	$94,000	-4.1%	44,821	+1.1%	0.04%	-4.8%
NOK	Sell	NOKIA CORP -SPON ADR	$76,000	-10.6%	14,942	-12.1%	0.03%	-11.1%
MLYBY	Buy	Malayan Banking Bhd. Sponsored	$68,000	-4.2%	16,845	+2.4%	0.03%	-3.3%
KBCSY	Exit	KBC GROEP NV	$0	–	-6,887	–	-0.10%	–
SNY	Exit	Sanofi ADR	$0	–	-6,039	–	-0.11%	–
FMX	Exit	Fomento Economico Mexicano S.A	$0	–	-4,007	–	-0.17%	–
CHT	Exit	Chunghwa Telecom Co. Ltd. ADS	$0	–	-11,000	–	-0.17%	–
BRDCY	Exit	BRIDGESTONE CORPORATION UNSPON	$0	–	-20,574	–	-0.17%	–
	Exit	Micro Focus International plc	$0	–	-16,014	–	-0.18%	–
TAL	Exit	Tal Education Group	$0	–	-22,006	–	-0.36%	–

Q2 2019

			Value		Shares		↓ Weighting
RACE	New	Ferrari NV	$8,714,000	–	53,982	–	3.74%	–
QURE	New	uniQure N.V.	$8,272,000	–	105,844	–	3.55%	–
GIB	New	CGI Inc.	$8,138,000	–	106,000	–	3.49%	–
SONY	New	SONY CORP	$8,040,000	–	153,460	–	3.45%	–
SHOP	New	Shopify, Inc. Class A	$7,577,000	–	25,244	–	3.25%	–
SNN	New	Smith & Nephew Plc	$7,415,000	–	170,308	–	3.18%	–
SAP	New	SAP SE-SPONSORED ADR	$7,126,000	–	52,091	–	3.06%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$6,933,000	–	103,657	–	2.97%	–
CAE	New	Cae Inc.	$6,429,000	–	239,341	–	2.76%	–
ERIC	New	ERICSSON L M TELEPHONE CO	$6,302,000	–	663,390	–	2.70%	–
AER	New	Aercap Holdings N.V.	$6,020,000	–	115,756	–	2.58%	–
ESLT	New	Elbit Systems Ltd.	$5,465,000	–	36,550	–	2.34%	–
OTEX	New	Open Text Corp.	$5,193,000	–	126,036	–	2.23%	–
GRFS	New	GRIFOLS SA	$4,817,000	–	228,306	–	2.06%	–
INXN	New	INTERXION HOLDING NV	$4,533,000	–	59,577	–	1.94%	–
ICLR	New	Icon Plc	$4,388,000	–	28,501	–	1.88%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$4,273,000	–	36,959	–	1.83%	–
NPSNY	New	Naspers Limited Sponsored ADR	$3,848,000	–	79,344	–	1.65%	–
LOGI	New	Logitech International S.A.	$3,485,000	–	87,661	–	1.49%	–
AAGIY	New	AIA GROUP LTD	$3,401,000	–	78,836	–	1.46%	–
IBN	New	ICICI Bank Limited Sponsored A	$3,216,000	–	255,424	–	1.38%	–
STM	New	Stmicroelectronics N.V.	$3,208,000	–	182,052	–	1.38%	–
RELX	New	RELX PLC Sponsored ADR	$3,192,000	–	130,768	–	1.37%	–
LN	New	LINE Corp. Sponsored ADR	$3,028,000	–	107,619	–	1.30%	–
ASML	New	ASML HOLDING NV	$2,742,000	–	13,185	–	1.18%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$2,706,000	–	15,970	–	1.16%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$2,701,000	–	260,730	–	1.16%	–
TSM	New	Taiwan Semiconductor Manufactu	$2,690,000	–	68,673	–	1.15%	–
GLPG	New	GALAPAGOS NV	$2,660,000	–	20,634	–	1.14%	–
IX	New	Orix Corp.	$2,409,000	–	32,174	–	1.03%	–
TECK	New	Teck Resources Ltd.	$2,345,000	–	101,707	–	1.00%	–
ECA	New	Encana Corp.	$2,089,000	–	407,136	–	0.90%	–
INFY	New	Infosys Limited Sponsored ADR	$1,922,000	–	179,617	–	0.82%	–
SKM	New	SK Telecom Co., Ltd. Sponsored	$1,845,000	–	74,536	–	0.79%	–
KPCPY	New	Kasikornbank Public Co. Ltd. U	$1,819,000	–	73,604	–	0.78%	–
AMX	New	America Movil SAB de CV Sponso	$1,716,000	–	117,860	–	0.74%	–
HDB	New	HDFC Bank Limited Sponsored AD	$1,658,000	–	12,751	–	0.71%	–
TCEHY	New	Tencent Holdings Ltd. Unsponso	$1,630,000	–	36,122	–	0.70%	–
GOLD	New	Barrick Gold Corp.	$1,556,000	–	98,698	–	0.67%	–
KB	New	KB Financial Group Inc. Sponso	$1,545,000	–	39,145	–	0.66%	–
MKKGY	New	Merck KGaA Sponsored ADR	$1,536,000	–	73,344	–	0.66%	–
MELI	New	MercadoLibre, Inc.	$1,524,000	–	2,491	–	0.65%	–
ABEV	New	Ambev SA Sponsored ADR	$1,524,000	–	326,314	–	0.65%	–
AU	New	AngloGold Ashanti Limited Spon	$1,514,000	–	85,022	–	0.65%	–
CEO	New	CNOOC Limited Sponsored ADR	$1,420,000	–	8,336	–	0.61%	–
WNS	New	WNS (Holdings) Limited Sponsor	$1,389,000	–	23,456	–	0.60%	–
BBD	New	Banco Bradesco S.A. Sponsored	$1,354,000	–	137,836	–	0.58%	–
SOUHY	New	South32 ADR	$1,280,000	–	114,732	–	0.55%	–
VALE	New	Vale S.A. Sponsored ADR	$1,213,000	–	90,281	–	0.52%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$1,196,000	–	76,822	–	0.51%	–
BSAC	New	Banco Santander-Chile	$1,157,000	–	38,662	–	0.50%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$1,129,000	–	1,344	–	0.48%	–
DASTY	New	DASSAULT SYSTEMS ADR	$1,061,000	–	6,641	–	0.46%	–
TLK	New	PERUSAHAAN PERSEROAN F SPONSOR	$1,059,000	–	36,224	–	0.45%	–
LUKOY	New	Oil company LUKOIL PJSC Sponso	$1,037,000	–	12,330	–	0.44%	–
NJDCY	New	NIDEC CORP ADR	$1,038,000	–	30,369	–	0.44%	–
PPERY	New	PT Bank Mandiri (Persero) Tbk	$1,033,000	–	90,900	–	0.44%	–
IFNNY	New	INFINEON TECHNOLOGIES	$1,015,000	–	57,305	–	0.44%	–
LFC	New	China Life Insurance Co. Ltd.	$1,014,000	–	81,974	–	0.44%	–
SBS	New	Companhia De Saneamento Basico	$999,000	–	82,086	–	0.43%	–
EBR	New	Centrais Eletricas Brasileiras	$971,000	–	106,445	–	0.42%	–
ASND	New	Ascendis Pharma A/S Sponsored	$968,000	–	8,407	–	0.42%	–
RDY	New	Dr. Reddy's Laboratories Ltd.	$939,000	–	25,064	–	0.40%	–
CAJ	New	Canon Inc.	$937,000	–	32,015	–	0.40%	–
SBRCY	New	Sberbank Russia OJSC Sponsored	$935,000	–	61,800	–	0.40%	–
EC	New	Ecopetrol SA Sponsored ADR	$936,000	–	51,171	–	0.40%	–
SNP	New	China Petroleum & Chemical Cor	$884,000	–	12,960	–	0.38%	–
LYG	New	Lloyds Tsb Group Plc	$878,000	–	309,176	–	0.38%	–
ACN	New	ACCENTURE PLC CL A	$856,000	–	4,634	–	0.37%	–
CHL	New	China Mobile Limited Sponsored	$848,000	–	18,727	–	0.36%	–
SHG	New	Shinhan Financial Group Co Ltd	$837,000	–	21,534	–	0.36%	–
TAL	New	Tal Education Group	$838,000	–	22,006	–	0.36%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$836,000	–	93,744	–	0.36%	–
ADDYY	New	ADIDAS AG ADR	$812,000	–	5,253	–	0.35%	–
UGP	New	ULTRAPAR PART SPON F SPONSORED	$800,000	–	152,591	–	0.34%	–
NSRGY	New	NESTLE SA SPONSORED ADR REPSTG	$781,000	–	7,531	–	0.34%	–
RDSA	New	ROYAL DUTCH SHELL PLC -ADR	$775,000	–	11,906	–	0.33%	–
ASR	New	Grupo Aeroportuario del Surest	$743,000	–	4,583	–	0.32%	–
SFTBY	New	SOFTBANK GROUP CORP	$731,000	–	15,247	–	0.31%	–
KT	New	KT Corporation Sponsored ADR	$713,000	–	57,604	–	0.31%	–
SYIEY	New	Symrise AG Unsponsored ADR	$714,000	–	29,631	–	0.31%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$701,000	–	20,739	–	0.30%	–
TTE	New	TOTAL FINA ELF S A SPONSORED A	$687,000	–	12,313	–	0.30%	–
BVN	New	Compania De Minas Buenaventura	$689,000	–	41,361	–	0.30%	–
OGZPY	New	Public Joint-Stock Company Gaz	$674,000	–	91,278	–	0.29%	–
ITUB	New	Itau Unibanco Holding S/A (ADS	$625,000	–	66,388	–	0.27%	–
DEO	New	DIAGEO PLC	$598,000	–	3,472	–	0.26%	–
BAP	New	Credicorp Ltd.	$588,000	–	2,569	–	0.25%	–
SQM	New	Sociedad Quimica Y Minera De C	$575,000	–	18,476	–	0.25%	–
NVS	New	NOVARTIS AG ADR	$573,000	–	6,278	–	0.25%	–
CB	New	CHUBB LIMITED	$569,000	–	3,863	–	0.24%	–
RKUNY	New	Rakuten Inc.	$569,000	–	47,865	–	0.24%	–
NILSY	New	MMC Norilsk Nickel	$567,000	–	25,013	–	0.24%	–
BIDU	New	Baidu, Inc. Sponsored ADR Clas	$538,000	–	4,588	–	0.23%	–
TKC	New	Turkcell Iletisim Hizmetleri A	$534,000	–	97,429	–	0.23%	–
GGAL	New	Grupo Financiero Galicia S.A.	$532,000	–	15,000	–	0.23%	–
MHGVY	New	Mowi ASA	$527,000	–	22,524	–	0.23%	–
JD	New	JD COM INC ADR	$515,000	–	17,000	–	0.22%	–
MDT	New	MEDTRONIC PLC	$514,000	–	5,282	–	0.22%	–
HSBC	New	HSBC HLDGS PLC SPONS ADR NEW	$511,000	–	12,238	–	0.22%	–
AZN	New	ASTRAZENECA PLC ADR	$493,000	–	11,942	–	0.21%	–
ASX	New	ASE Technology Holding Co., Lt	$490,000	–	123,991	–	0.21%	–
TTM	New	Tata Motors Limited Sponsored	$482,000	–	41,229	–	0.21%	–
MBT	New	Mobile TeleSystems PJSC Sponso	$472,000	–	50,716	–	0.20%	–
MOR	New	Morphosys AG	$451,000	–	18,664	–	0.19%	–
TD	New	TORONTO DOMINION BANK NY	$451,000	–	7,727	–	0.19%	–
SIEGY	New	SIEMENS AG ADR	$435,000	–	7,308	–	0.19%	–
	New	Micro Focus International plc	$419,000	–	16,014	–	0.18%	–
DOX	New	AMDOCS LIMITED ORD	$420,000	–	6,764	–	0.18%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$421,000	–	6,760	–	0.18%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$418,000	–	8,984	–	0.18%	–
BRDCY	New	BRIDGESTONE CORPORATION UNSPON	$405,000	–	20,574	–	0.17%	–
CHT	New	Chunghwa Telecom Co. Ltd. ADS	$402,000	–	11,000	–	0.17%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$395,000	–	25,577	–	0.17%	–
TSRYY	New	TREASURY WINE ESTATES ADR	$391,000	–	37,320	–	0.17%	–
AMCR	New	Amcor PLC	$393,000	–	34,172	–	0.17%	–
GWPH	New	GW Pharmaceuticals PLC Sponsor	$389,000	–	2,255	–	0.17%	–
MCHOY	New	MultiChoice Group Ltd. Sponsor	$388,000	–	40,802	–	0.17%	–
FMX	New	Fomento Economico Mexicano S.A	$388,000	–	4,007	–	0.17%	–
LNSTY	New	London Stock Exchange Group pl	$385,000	–	22,084	–	0.16%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$380,000	–	16,305	–	0.16%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$360,000	–	9,027	–	0.15%	–
BZLFY	New	BUNZL PLC	$337,000	–	12,763	–	0.14%	–
YNDX	New	Yandex NV Class A	$332,000	–	8,743	–	0.14%	–
BNPQY	New	BNP PARIBAS	$320,000	–	13,456	–	0.14%	–
VEOEY	New	Veolia Environnement	$291,000	–	11,921	–	0.12%	–
KDDIY	New	KDDI CORP UNSPONSORED ADR	$271,000	–	21,256	–	0.12%	–
SSL	New	Sasol Limited Sponsored ADR	$264,000	–	10,619	–	0.11%	–
SNY	New	Sanofi ADR	$261,000	–	6,039	–	0.11%	–
ALPMY	New	Astellas Pharma Inc Unsponsore	$252,000	–	17,669	–	0.11%	–
PNGAY	New	Ping An Insurance (Group) Comp	$237,000	–	9,885	–	0.10%	–
KBCSY	New	KBC GROEP NV	$226,000	–	6,887	–	0.10%	–
TM	New	Toyota Motor Corp.	$218,000	–	1,756	–	0.09%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADR	$215,000	–	2,433	–	0.09%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$193,000	–	20,624	–	0.08%	–
UMC	New	United Microelectronics Corp S	$98,000	–	44,323	–	0.04%	–
NOK	New	NOKIA CORP -SPON ADR	$85,000	–	17,001	–	0.04%	–
MLYBY	New	Malayan Banking Bhd. Sponsored	$71,000	–	16,447	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
TKC	Exit	Turkcell Iletisim Hizmetleri A	$0	–	-12,548	–	-0.02%	–
CX	Exit	Cemex SAB de CV Sponsored ADR	$0	–	-10,898	–	-0.03%	–
SMFG	Exit	SUMITOMO MITSUI SPONS ADR	$0	–	-10,683	–	-0.03%	–
NOK	Exit	NOKIA CORP -SPON ADR	$0	–	-16,907	–	-0.04%	–
OGZPY	Exit	Public Joint-Stock Company Gaz	$0	–	-19,673	–	-0.04%	–
BBD	Exit	Banco Bradesco S.A. Sponsored	$0	–	-14,562	–	-0.04%	–
ABEV	Exit	Ambev SA Sponsored ADR	$0	–	-24,056	–	-0.04%	–
BKRKY	Exit	PT Bank Rakyat Indonesia (Pers	$0	–	-12,168	–	-0.05%	–
MLYBY	Exit	Malayan Banking Bhd. Sponsored	$0	–	-28,170	–	-0.05%	–
UMC	Exit	United Microelectronics Corp S	$0	–	-54,221	–	-0.05%	–
FUJHY	Exit	Subaru Corp ADR	$0	–	-10,062	–	-0.06%	–
IBN	Exit	ICICI Bank Limited Sponsored A	$0	–	-18,547	–	-0.06%	–
ASX	Exit	ASE Technology Holding Co., Lt	$0	–	-33,343	–	-0.06%	–
CICHY	Exit	China Construction Bank Corpor	$0	–	-10,007	–	-0.07%	–
PBR	Exit	Petroleo Brasileiro SA Sponsor	$0	–	-14,647	–	-0.07%	–
SBRCY	Exit	Sberbank Russia OJSC Sponsored	$0	–	-14,440	–	-0.07%	–
HDB	Exit	HDFC Bank Limited Sponsored AD	$0	–	-2,148	–	-0.08%	–
BAP	Exit	Credicorp Ltd.	$0	–	-917	–	-0.08%	–
NABZY	Exit	NATIONAL AUSTRALIA BANK ADR	$0	–	-21,138	–	-0.08%	–
JBAXY	Exit	Julius Baer Gruppe AG Unsponso	$0	–	-21,495	–	-0.08%	–
ALPMY	Exit	Astellas Pharma Inc Unsponsore	$0	–	-15,052	–	-0.10%	–
KBCSY	Exit	KBC GROEP NV	$0	–	-7,067	–	-0.10%	–
PNGAY	Exit	Ping An Insurance (Group) Comp	$0	–	-12,919	–	-0.10%	–
SNY	Exit	Sanofi ADR	$0	–	-6,031	–	-0.10%	–
IBDRY	Exit	IBERDROLA SA SPONSORED ADR	$0	–	-9,187	–	-0.10%	–
BUD	Exit	ANHEUSER-BUSCH INBEV SPN ADR	$0	–	-3,086	–	-0.10%	–
SIMO	Exit	Silicon Motion Technology Corp	$0	–	-5,045	–	-0.10%	–
VALE	Exit	Vale S.A. Sponsored ADR	$0	–	-18,513	–	-0.10%	–
GOLD	Exit	RANDGOLD RESOURCES LTD-ADR	$0	–	-3,909	–	-0.10%	–
DEO	Exit	DIAGEO PLC	$0	–	-1,938	–	-0.10%	–
YNDX	Exit	Yandex NV Class A	$0	–	-9,050	–	-0.11%	–
LNSTY	Exit	London Stock Exchange Group pl	$0	–	-20,146	–	-0.11%	–
EC	Exit	Ecopetrol SA Sponsored ADR	$0	–	-11,320	–	-0.12%	–
SYIEY	Exit	Symrise AG Unsponsored ADR	$0	–	-13,437	–	-0.12%	–
AMCRY	Exit	AMCOR LIMITED ADR	$0	–	-7,834	–	-0.12%	–
	Exit	NISSO CORP	$0	–	-12,000	–	-0.12%	–
NMR	Exit	Nomura Holdings Inc.	$0	–	-67,403	–	-0.12%	–
CEO	Exit	CNOOC Limited Sponsored ADR	$0	–	-1,634	–	-0.12%	–
ROYMY	Exit	ROYAL MAIL PLC - UNSP ADR	$0	–	-26,325	–	-0.12%	–
MELI	Exit	MercadoLibre, Inc.	$0	–	-976	–	-0.12%	–
RIO	Exit	RIO TINTO PLC SPONSORED ADR	$0	–	-6,927	–	-0.13%	–
SHECY	Exit	SHIN-ETSU CHEM UNSPON ADR	$0	–	-16,733	–	-0.14%	–
	Exit	Tokyo Steel Manufacturing Co.,	$0	–	-51,500	–	-0.14%	–
NVS	Exit	NOVARTIS AG ADR	$0	–	-4,396	–	-0.14%	–
SWDBY	Exit	SWEDBANK AB ADR	$0	–	-16,005	–	-0.15%	–
	Exit	BE Semiconductor Industries N.	$0	–	-18,896	–	-0.15%	–
BASFY	Exit	BASF SE -SPON ADR	$0	–	-18,178	–	-0.15%	–
BZLFY	Exit	BUNZL PLC	$0	–	-13,039	–	-0.16%	–
NTTYY	Exit	NIPPON TEL & TEL CORP ADR	$0	–	-9,222	–	-0.16%	–
BNPQY	Exit	BNP PARIBAS	$0	–	-13,787	–	-0.16%	–
	Exit	BBA Aviation Plc	$0	–	-109,794	–	-0.16%	–
	Exit	SUMCO Corporation	$0	–	-30,000	–	-0.16%	–
	Exit	NOMURA HOLDINGS INC	$0	–	-94,600	–	-0.17%	–
DOX	Exit	AMDOCS LIMITED ORD	$0	–	-6,891	–	-0.17%	–
NSRGY	Exit	NESTLE SA SPONSORED ADR REPSTG	$0	–	-5,455	–	-0.17%	–
AZN	Exit	ASTRAZENECA PLC ADR	$0	–	-11,495	–	-0.17%	–
TSRYY	Exit	TREASURY WINE ESTATES ADR	$0	–	-37,878	–	-0.18%	–
	Exit	GRENKE AG	$0	–	-4,016	–	-0.18%	–
SIEGY	Exit	SIEMENS AG ADR	$0	–	-7,500	–	-0.18%	–
	Exit	Pearson PLC	$0	–	-41,500	–	-0.18%	–
BRDCY	Exit	BRIDGESTONE CORPORATION UNSPON	$0	–	-25,943	–	-0.18%	–
	Exit	Nemetschek SE	$0	–	-3,366	–	-0.19%	–
	Exit	Spirax-Sarco Engineering PLC	$0	–	-5,186	–	-0.19%	–
SKFRY	Exit	SKF AB Sponsored ADR Class B	$0	–	-25,131	–	-0.19%	–
	Exit	Tokyo Tatemono Co., Ltd.	$0	–	-41,000	–	-0.19%	–
MHGVY	Exit	MARINE HARVEST	$0	–	-21,932	–	-0.19%	–
KOS	Exit	Kosmos Energy Ltd.	$0	–	-54,472	–	-0.19%	–
	Exit	cocokara fine Inc.	$0	–	-8,000	–	-0.19%	–
CB	Exit	CHUBB LIMITED	$0	–	-3,956	–	-0.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-5,383	–	-0.20%	–
HSBC	Exit	HSBC HLDGS PLC SPONS ADR NEW	$0	–	-12,536	–	-0.21%	–
KDDIY	Exit	KDDI CORP UNSPONSORED ADR	$0	–	-40,736	–	-0.21%	–
LIVN	Exit	Livanova PLC	$0	–	-4,578	–	-0.21%	–
	Exit	Huhtamaki Oyj	$0	–	-17,763	–	-0.22%	–
	Exit	Pacific Metals Co., Ltd.	$0	–	-15,500	–	-0.22%	–
IX	Exit	Orix Corp.	$0	–	-7,152	–	-0.22%	–
	Exit	Royal Mail PLC	$0	–	-94,044	–	-0.22%	–
	Exit	DEUTSCHE BANK AG REGISTERED	$0	–	-51,276	–	-0.22%	–
	Exit	Bobst Group SA	$0	–	-7,484	–	-0.22%	–
	Exit	JENOPTIK AG	$0	–	-16,151	–	-0.22%	–
	Exit	Ashmore Group plc	$0	–	-129,974	–	-0.23%	–
	Exit	Sodick Co., Ltd.	$0	–	-68,200	–	-0.23%	–
	Exit	KYOCERA CORP	$0	–	-10,400	–	-0.24%	–
	Exit	Concentric AB	$0	–	-39,133	–	-0.24%	–
	Exit	JTEKT Corporation	$0	–	-43,400	–	-0.24%	–
	Exit	ORIX CORP	$0	–	-39,800	–	-0.24%	–
ADDYY	Exit	ADIDAS AG ADR	$0	–	-5,372	–	-0.25%	–
	Exit	RWS Holdings plc	$0	–	-101,962	–	-0.25%	–
	Exit	Pola Orbis Holdings Inc.	$0	–	-18,200	–	-0.25%	–
	Exit	Kinepolis Group NV	$0	–	-11,272	–	-0.25%	–
	Exit	D'Ieteren SA	$0	–	-15,955	–	-0.26%	–
TD	Exit	TORONTO DOMINION BANK NY	$0	–	-11,626	–	-0.27%	–
LZAGY	Exit	LONZA GROUP AG UNSPON ADR	$0	–	-20,961	–	-0.27%	–
	Exit	Credito Emiliano S.p.A.	$0	–	-109,402	–	-0.27%	–
	Exit	Scout24 AG	$0	–	-15,417	–	-0.27%	–
BSAC	Exit	Banco Santander-Chile	$0	–	-23,669	–	-0.29%	–
TTE	Exit	TOTAL FINA ELF S A SPONSORED A	$0	–	-11,872	–	-0.29%	–
	Exit	Essentra plc	$0	–	-144,837	–	-0.29%	–
ACN	Exit	ACCENTURE PLC CL A	$0	–	-4,509	–	-0.29%	–
	Exit	Arrow Global Group Plc	$0	–	-256,795	–	-0.29%	–
	Exit	UNITED OVERSEAS BANK LTD	$0	–	-39,193	–	-0.29%	–
	Exit	Carsales.Com Limited	$0	–	-74,534	–	-0.29%	–
	Exit	Schoeller-Bleckmann Oilfield E	$0	–	-7,115	–	-0.30%	–
	Exit	DeNA Co., Ltd.	$0	–	-44,500	–	-0.30%	–
	Exit	Japan Petroleum Exploration Co	$0	–	-34,200	–	-0.30%	–
	Exit	SOUTH32 LTD	$0	–	-278,971	–	-0.30%	–
SFTBY	Exit	SOFTBANK GROUP CORP	$0	–	-15,686	–	-0.30%	–
	Exit	DEUTZ AG	$0	–	-89,216	–	-0.30%	–
	Exit	NH Hotel Group SA	$0	–	-110,315	–	-0.30%	–
	Exit	Vitec Group plc	$0	–	-44,911	–	-0.31%	–
	Exit	TELEFONICA SA	$0	–	-104,755	–	-0.31%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC -ADR	$0	–	-12,190	–	-0.31%	–
	Exit	Kanamoto Co., Ltd.	$0	–	-23,500	–	-0.32%	–
EEM	Exit	Ishares Inc. Msci Emerging Mar	$0	–	-19,500	–	-0.32%	–
MTD	Exit	METTLER-TOLEDO INTL W/1 RT/SH	$0	–	-1,379	–	-0.32%	–
	Exit	MACQUARIE GROUP LTD	$0	–	-9,232	–	-0.32%	–
SKM	Exit	SK Telecom Co., Ltd. Sponsored	$0	–	-30,673	–	-0.32%	–
	Exit	HOSHIZAKI Corp.	$0	–	-8,307	–	-0.32%	–
BABA	Exit	Alibaba Group Holding Ltd. Spo	$0	–	-5,252	–	-0.33%	–
	Exit	YAMADA Consulting Group Co., L	$0	–	-37,300	–	-0.33%	–
	Exit	Fnac Darty SA	$0	–	-11,105	–	-0.33%	–
	Exit	SKF AB B SHARES	$0	–	-44,365	–	-0.33%	–
	Exit	ENCE Energia y Celulosa SA	$0	–	-87,191	–	-0.33%	–
	Exit	77 Bank, Ltd.	$0	–	-37,300	–	-0.34%	–
	Exit	DFDS A/S	$0	–	-18,001	–	-0.34%	–
	Exit	Sundrug Co., Ltd.	$0	–	-25,000	–	-0.34%	–
	Exit	CSL LTD	$0	–	-6,144	–	-0.34%	–
	Exit	Kewpie Corporation	$0	–	-38,600	–	-0.34%	–
INFY	Exit	Infosys Limited Sponsored ADR	$0	–	-88,094	–	-0.34%	–
CS	Exit	Credit Suisse Group	$0	–	-60,476	–	-0.34%	–
	Exit	Tele2 AB Class B	$0	–	-75,432	–	-0.34%	–
	Exit	NORSK HYDRO ASA	$0	–	-151,768	–	-0.34%	–
	Exit	Keppel DC REIT	$0	–	-926,307	–	-0.35%	–
	Exit	CREDIT SUISSE GROUP AG REG	$0	–	-61,385	–	-0.35%	–
	Exit	BAE SYSTEMS PLC	$0	–	-113,568	–	-0.35%	–
MKKGY	Exit	Merck KGaA Sponsored ADR	$0	–	-45,308	–	-0.35%	–
	Exit	Royal Unibrew A/S	$0	–	-11,377	–	-0.35%	–
	Exit	On The Beach Group PLC	$0	–	-145,273	–	-0.35%	–
	Exit	HKBN Ltd.	$0	–	-551,000	–	-0.36%	–
	Exit	TKH Group N.V. Cert	$0	–	-16,833	–	-0.36%	–
	Exit	Safestore Holdings plc	$0	–	-139,724	–	-0.36%	–
	Exit	Smurfit Kappa Group Plc	$0	–	-23,999	–	-0.36%	–
	Exit	Otsuka Corporation	$0	–	-25,500	–	-0.36%	–
	Exit	Elis SA	$0	–	-40,520	–	-0.36%	–
	Exit	Tsumura & Co.	$0	–	-27,800	–	-0.36%	–
	Exit	Polypipe Group PLC	$0	–	-209,029	–	-0.37%	–
	Exit	Coats Group plc	$0	–	-905,554	–	-0.37%	–
	Exit	Domino's Pizza Enterprises Lim	$0	–	-25,711	–	-0.37%	–
	Exit	Coor Service Management Holdin	$0	–	-125,344	–	-0.38%	–
CLLS	Exit	Cellectis SA Sponsored ADR	$0	–	-35,532	–	-0.38%	–
DASTY	Exit	DASSAULT SYSTEMS ADR	$0	–	-6,756	–	-0.38%	–
	Exit	BKW AG	$0	–	-15,931	–	-0.38%	–
	Exit	Johnson Electric Holdings Limi	$0	–	-360,000	–	-0.38%	–
	Exit	Synthomer PLC	$0	–	-146,760	–	-0.39%	–
ABB	Exit	ABB LTD SPON ADR	$0	–	-44,157	–	-0.39%	–
	Exit	Japan Hotel Reit Investment Co	$0	–	-1,434	–	-0.39%	–
	Exit	Husqvarna AB Class B	$0	–	-123,476	–	-0.40%	–
	Exit	Samsonite International S.A.	$0	–	-285,000	–	-0.40%	–
	Exit	MERCK KGAA	$0	–	-10,291	–	-0.40%	–
AHKSY	Exit	ASAHI KASEI CORP UNSPON ADR	$0	–	-35,425	–	-0.40%	–
	Exit	REA Group Ltd	$0	–	-17,315	–	-0.41%	–
	Exit	Aker ASA Class A	$0	–	-11,944	–	-0.41%	–
AAGIY	Exit	AIA GROUP LTD	$0	–	-30,199	–	-0.41%	–
	Exit	KBC Ancora SCA	$0	–	-21,478	–	-0.41%	–
	Exit	Kenedix Retail REIT Corp	$0	–	-510	–	-0.41%	–
	Exit	DIP Corporation	$0	–	-45,500	–	-0.42%	–
KB	Exit	KB Financial Group Inc. Sponso	$0	–	-23,004	–	-0.42%	–
	Exit	Toshiba Plant Systems & Servic	$0	–	-52,700	–	-0.42%	–
	Exit	Seiko Epson	$0	–	-66,400	–	-0.43%	–
	Exit	ADIDAS AG	$0	–	-4,621	–	-0.43%	–
	Exit	PERSOL HOLDINGS CO. LTD.	$0	–	-48,700	–	-0.43%	–
AMX	Exit	America Movil SAB de CV Sponso	$0	–	-71,971	–	-0.44%	–
TSM	Exit	Taiwan Semiconductor Manufactu	$0	–	-26,585	–	-0.44%	–
	Exit	Datalogic S.p.A.	$0	–	-32,616	–	-0.44%	–
NJDCY	Exit	NIDEC CORP ADR	$0	–	-32,761	–	-0.44%	–
	Exit	Clariant AG	$0	–	-45,573	–	-0.45%	–
	Exit	Kobe Bussan Co., Ltd.	$0	–	-21,000	–	-0.45%	–
	Exit	Link Administration Holdings L	$0	–	-216,165	–	-0.46%	–
CAJ	Exit	Canon Inc.	$0	–	-38,900	–	-0.46%	–
	Exit	AEON Delight Co., Ltd.	$0	–	-34,300	–	-0.47%	–
	Exit	OZ Minerals Limited	$0	–	-187,552	–	-0.48%	–
IFNNY	Exit	INFINEON TECHNOLOGIES	$0	–	-58,165	–	-0.50%	–
TECK	Exit	Teck Resources Ltd.	$0	–	-55,789	–	-0.51%	–
	Exit	London Stock Exchange Grpoup P	$0	–	-22,500	–	-0.51%	–
	Exit	Valmet Corp	$0	–	-60,769	–	-0.51%	–
	Exit	AKZO NOBEL	$0	–	-14,807	–	-0.52%	–
	Exit	Solutions 30 SE	$0	–	-24,271	–	-0.54%	–
NPSNY	Exit	Naspers Limited Sponsored ADR	$0	–	-35,174	–	-0.57%	–
	Exit	Treasury Wine Estates ltd	$0	–	-122,820	–	-0.59%	–
	Exit	Don Quijote Holdings Co.,Ltd.	$0	–	-30,900	–	-0.59%	–
	Exit	Sedbank Ab	$0	–	-63,499	–	-0.59%	–
SOUHY	Exit	South32 ADR	$0	–	-115,331	–	-0.61%	–
	Exit	BALOISE HOLDING AG REG	$0	–	-10,567	–	-0.61%	–
	Exit	JULIUS BAER GROUP LTD	$0	–	-32,698	–	-0.62%	–
PSO	Exit	PEARSON PLC SPONSORED ADR ADR	$0	–	-155,062	–	-0.67%	–
	Exit	Smith Group PLC	$0	–	-91,649	–	-0.67%	–
	Exit	Veolia Environnement	$0	–	-90,630	–	-0.68%	–
	Exit	Dalata Hotel Group Plc	$0	–	-238,240	–	-0.72%	–
	Exit	Jardine Lloyd Thompson Group p	$0	–	-78,353	–	-0.73%	–
	Exit	Makita Corp.	$0	–	-39,500	–	-0.75%	–
	Exit	Kinden Corporation	$0	–	-128,300	–	-0.78%	–
	Exit	SUBARU CORP	$0	–	-68,000	–	-0.79%	–
RELX	Exit	RELX PLC Sponsored ADR	$0	–	-101,045	–	-0.80%	–
	Exit	Amcor Ltd	$0	–	-214,028	–	-0.80%	–
ASML	Exit	ASML HOLDING NV	$0	–	-11,848	–	-0.84%	–
GLPG	Exit	GALAPAGOS NV	$0	–	-20,009	–	-0.85%	–
ESLT	Exit	Elbit Systems Ltd.	$0	–	-18,708	–	-0.89%	–
OTEX	Exit	Open Text Corp.	$0	–	-63,995	–	-0.92%	–
	Exit	Alps Electric Co., Ltd	$0	–	-96,700	–	-0.93%	–
	Exit	TDK Corp. Sponsored	$0	–	-22,800	–	-0.94%	–
	Exit	INFINEON TECHNOLOGIES AG	$0	–	-110,506	–	-0.95%	–
ECA	Exit	Encana Corp.	$0	–	-193,148	–	-0.96%	–
	Exit	BUNZL PLC Common Stock	$0	–	-82,256	–	-0.98%	–
	Exit	Asahi Kasei Corp ADR	$0	–	-179,900	–	-1.03%	–
CAE	Exit	Cae Inc.	$0	–	-134,602	–	-1.03%	–
INXN	Exit	INTERXION HOLDING NV	$0	–	-42,192	–	-1.07%	–
QURE	Exit	uniQure N.V.	$0	–	-78,361	–	-1.08%	–
	Exit	Symrise AG	$0	–	-31,279	–	-1.08%	–
LN	Exit	LINE Corp. Sponsored ADR	$0	–	-70,762	–	-1.12%	–
ICLR	Exit	Icon Plc	$0	–	-20,203	–	-1.17%	–
LOGI	Exit	Logitech International S.A.	$0	–	-69,466	–	-1.17%	–
GRFS	Exit	GRIFOLS SA	$0	–	-145,621	–	-1.17%	–
SNN	Exit	Smith & Nephew Plc	$0	–	-86,934	–	-1.22%	–
GIB	Exit	Groupe CGI Inc.	$0	–	-50,494	–	-1.23%	–
STM	Exit	Stmicroelectronics N.V.	$0	–	-177,603	–	-1.23%	–
ERIC	Exit	ERICSSON L M TELEPHONE CO	$0	–	-371,781	–	-1.23%	–
	Exit	Teleperformance SE	$0	–	-17,577	–	-1.25%	–
	Exit	Dassault System S.A.	$0	–	-25,059	–	-1.41%	–
CHKP	Exit	CHECK POINT SOFTWARE TECH	$0	–	-33,489	–	-1.49%	–
IHG	Exit	INTERCONTINENTAL HOTELS GROUP	$0	–	-66,978	–	-1.59%	–
	Exit	Nidec Corp.	$0	–	-29,300	–	-1.59%	–
SAP	Exit	SAP SE-SPONSORED ADR	$0	–	-34,326	–	-1.59%	–
AER	Exit	Aercap Holdings N.V.	$0	–	-73,751	–	-1.60%	–
RACE	Exit	Ferrari NV	$0	–	-35,623	–	-1.84%	–
	Exit	Lonza Group AG	$0	–	-14,734	–	-1.91%	–
SONY	Exit	SONY CORP	$0	–	-107,551	–	-2.46%	–

Q3 2018

			Value		Shares		↓ Weighting
SONY	New	SONY CORP	$6,523,000	–	107,551	–	2.46%	–
	New	Lonza Group AG	$5,053,000	–	14,734	–	1.91%	–
RACE	New	Ferrari NV	$4,877,000	–	35,623	–	1.84%	–
AER	New	Aercap Holdings N.V.	$4,242,000	–	73,751	–	1.60%	–
SAP	New	SAP SE-SPONSORED ADR	$4,222,000	–	34,326	–	1.59%	–
	New	Nidec Corp.	$4,216,000	–	29,300	–	1.59%	–
IHG	New	INTERCONTINENTAL HOTELS GROUP	$4,206,000	–	66,978	–	1.59%	–
CHKP	New	CHECK POINT SOFTWARE TECH	$3,941,000	–	33,489	–	1.49%	–
	New	Dassault System S.A.	$3,747,000	–	25,059	–	1.41%	–
	New	Teleperformance SE	$3,318,000	–	17,577	–	1.25%	–
ERIC	New	ERICSSON L M TELEPHONE CO	$3,272,000	–	371,781	–	1.23%	–
GIB	New	Groupe CGI Inc.	$3,256,000	–	50,494	–	1.23%	–
STM	New	Stmicroelectronics N.V.	$3,257,000	–	177,603	–	1.23%	–
SNN	New	Smith & Nephew Plc	$3,224,000	–	86,934	–	1.22%	–
GRFS	New	GRIFOLS SA	$3,112,000	–	145,621	–	1.17%	–
LOGI	New	Logitech International S.A.	$3,107,000	–	69,466	–	1.17%	–
ICLR	New	Icon Plc	$3,106,000	–	20,203	–	1.17%	–
LN	New	LINE Corp. Sponsored ADR	$2,981,000	–	70,762	–	1.12%	–
	New	Symrise AG	$2,856,000	–	31,279	–	1.08%	–
QURE	New	uniQure N.V.	$2,852,000	–	78,361	–	1.08%	–
INXN	New	INTERXION HOLDING NV	$2,840,000	–	42,192	–	1.07%	–
CAE	New	Cae Inc.	$2,735,000	–	134,602	–	1.03%	–
	New	Asahi Kasei Corp ADR	$2,729,000	–	179,900	–	1.03%	–
	New	BUNZL PLC Common Stock	$2,588,000	–	82,256	–	0.98%	–
ECA	New	Encana Corp.	$2,532,000	–	193,148	–	0.96%	–
	New	INFINEON TECHNOLOGIES AG	$2,512,000	–	110,506	–	0.95%	–
	New	TDK Corp. Sponsored	$2,487,000	–	22,800	–	0.94%	–
	New	Alps Electric Co., Ltd	$2,457,000	–	96,700	–	0.93%	–
OTEX	New	Open Text Corp.	$2,434,000	–	63,995	–	0.92%	–
ESLT	New	Elbit Systems Ltd.	$2,348,000	–	18,708	–	0.89%	–
GLPG	New	GALAPAGOS NV	$2,250,000	–	20,009	–	0.85%	–
ASML	New	ASML HOLDING NV	$2,228,000	–	11,848	–	0.84%	–
	New	Amcor Ltd	$2,118,000	–	214,028	–	0.80%	–
RELX	New	RELX PLC Sponsored ADR	$2,115,000	–	101,045	–	0.80%	–
	New	SUBARU CORP	$2,083,000	–	68,000	–	0.79%	–
	New	Kinden Corporation	$2,055,000	–	128,300	–	0.78%	–
	New	Makita Corp.	$1,979,000	–	39,500	–	0.75%	–
	New	Jardine Lloyd Thompson Group p	$1,937,000	–	78,353	–	0.73%	–
	New	Dalata Hotel Group Plc	$1,896,000	–	238,240	–	0.72%	–
	New	Veolia Environnement	$1,810,000	–	90,630	–	0.68%	–
	New	Smith Group PLC	$1,787,000	–	91,649	–	0.67%	–
PSO	New	PEARSON PLC SPONSORED ADR ADR	$1,786,000	–	155,062	–	0.67%	–
	New	JULIUS BAER GROUP LTD	$1,644,000	–	32,698	–	0.62%	–
	New	BALOISE HOLDING AG REG	$1,619,000	–	10,567	–	0.61%	–
SOUHY	New	South32 ADR	$1,616,000	–	115,331	–	0.61%	–
	New	Sedbank Ab	$1,573,000	–	63,499	–	0.59%	–
	New	Don Quijote Holdings Co.,Ltd.	$1,564,000	–	30,900	–	0.59%	–
	New	Treasury Wine Estates ltd	$1,554,000	–	122,820	–	0.59%	–
NPSNY	New	Naspers Limited Sponsored ADR	$1,517,000	–	35,174	–	0.57%	–
	New	Solutions 30 SE	$1,438,000	–	24,271	–	0.54%	–
	New	AKZO NOBEL	$1,385,000	–	14,807	–	0.52%	–
	New	Valmet Corp	$1,356,000	–	60,769	–	0.51%	–
	New	London Stock Exchange Grpoup P	$1,346,000	–	22,500	–	0.51%	–
TECK	New	Teck Resources Ltd.	$1,345,000	–	55,789	–	0.51%	–
IFNNY	New	INFINEON TECHNOLOGIES	$1,322,000	–	58,165	–	0.50%	–
	New	OZ Minerals Limited	$1,266,000	–	187,552	–	0.48%	–
	New	AEON Delight Co., Ltd.	$1,252,000	–	34,300	–	0.47%	–
CAJ	New	Canon Inc.	$1,231,000	–	38,900	–	0.46%	–
	New	Link Administration Holdings L	$1,217,000	–	216,165	–	0.46%	–
	New	Clariant AG	$1,192,000	–	45,573	–	0.45%	–
	New	Kobe Bussan Co., Ltd.	$1,194,000	–	21,000	–	0.45%	–
NJDCY	New	NIDEC CORP ADR	$1,179,000	–	32,761	–	0.44%	–
	New	Datalogic S.p.A.	$1,180,000	–	32,616	–	0.44%	–
TSM	New	Taiwan Semiconductor Manufactu	$1,174,000	–	26,585	–	0.44%	–
AMX	New	America Movil SAB de CV Sponso	$1,156,000	–	71,971	–	0.44%	–
	New	PERSOL HOLDINGS CO. LTD.	$1,143,000	–	48,700	–	0.43%	–
	New	ADIDAS AG	$1,132,000	–	4,621	–	0.43%	–
	New	Seiko Epson	$1,133,000	–	66,400	–	0.43%	–
	New	Toshiba Plant Systems & Servic	$1,127,000	–	52,700	–	0.42%	–
KB	New	KB Financial Group Inc. Sponso	$1,111,000	–	23,004	–	0.42%	–
	New	DIP Corporation	$1,102,000	–	45,500	–	0.42%	–
	New	KBC Ancora SCA	$1,092,000	–	21,478	–	0.41%	–
	New	Kenedix Retail REIT Corp	$1,092,000	–	510	–	0.41%	–
AAGIY	New	AIA GROUP LTD	$1,079,000	–	30,199	–	0.41%	–
	New	REA Group Ltd	$1,077,000	–	17,315	–	0.41%	–
	New	Aker ASA Class A	$1,077,000	–	11,944	–	0.41%	–
AHKSY	New	ASAHI KASEI CORP UNSPON ADR	$1,075,000	–	35,425	–	0.40%	–
	New	MERCK KGAA	$1,064,000	–	10,291	–	0.40%	–
	New	Samsonite International S.A.	$1,056,000	–	285,000	–	0.40%	–
	New	Husqvarna AB Class B	$1,051,000	–	123,476	–	0.40%	–
	New	Japan Hotel Reit Investment Co	$1,044,000	–	1,434	–	0.39%	–
ABB	New	ABB LTD SPON ADR	$1,043,000	–	44,157	–	0.39%	–
	New	Synthomer PLC	$1,036,000	–	146,760	–	0.39%	–
	New	Johnson Electric Holdings Limi	$1,017,000	–	360,000	–	0.38%	–
	New	BKW AG	$1,014,000	–	15,931	–	0.38%	–
DASTY	New	DASSAULT SYSTEMS ADR	$1,010,000	–	6,756	–	0.38%	–
	New	Coor Service Management Holdin	$1,001,000	–	125,344	–	0.38%	–
CLLS	New	Cellectis SA Sponsored ADR	$1,003,000	–	35,532	–	0.38%	–
	New	Domino's Pizza Enterprises Lim	$990,000	–	25,711	–	0.37%	–
	New	Coats Group plc	$973,000	–	905,554	–	0.37%	–
	New	Polypipe Group PLC	$971,000	–	209,029	–	0.37%	–
	New	Tsumura & Co.	$959,000	–	27,800	–	0.36%	–
	New	Elis SA	$954,000	–	40,520	–	0.36%	–
	New	Otsuka Corporation	$952,000	–	25,500	–	0.36%	–
	New	Smurfit Kappa Group Plc	$949,000	–	23,999	–	0.36%	–
	New	TKH Group N.V. Cert	$948,000	–	16,833	–	0.36%	–
	New	Safestore Holdings plc	$949,000	–	139,724	–	0.36%	–
	New	HKBN Ltd.	$945,000	–	551,000	–	0.36%	–
	New	On The Beach Group PLC	$938,000	–	145,273	–	0.35%	–
MKKGY	New	Merck KGaA Sponsored ADR	$937,000	–	45,308	–	0.35%	–
	New	Royal Unibrew A/S	$937,000	–	11,377	–	0.35%	–
	New	BAE SYSTEMS PLC	$933,000	–	113,568	–	0.35%	–
	New	Keppel DC REIT	$929,000	–	926,307	–	0.35%	–
	New	CREDIT SUISSE GROUP AG REG	$927,000	–	61,385	–	0.35%	–
	New	NORSK HYDRO ASA	$911,000	–	151,768	–	0.34%	–
	New	Tele2 AB Class B	$908,000	–	75,432	–	0.34%	–
CS	New	Credit Suisse Group	$904,000	–	60,476	–	0.34%	–
INFY	New	Infosys Limited Sponsored ADR	$896,000	–	88,094	–	0.34%	–
	New	CSL LTD	$894,000	–	6,144	–	0.34%	–
	New	Sundrug Co., Ltd.	$893,000	–	25,000	–	0.34%	–
	New	Kewpie Corporation	$894,000	–	38,600	–	0.34%	–
	New	DFDS A/S	$892,000	–	18,001	–	0.34%	–
	New	77 Bank, Ltd.	$887,000	–	37,300	–	0.34%	–
	New	ENCE Energia y Celulosa SA	$886,000	–	87,191	–	0.33%	–
	New	Fnac Darty SA	$876,000	–	11,105	–	0.33%	–
	New	SKF AB B SHARES	$875,000	–	44,365	–	0.33%	–
	New	YAMADA Consulting Group Co., L	$872,000	–	37,300	–	0.33%	–
BABA	New	Alibaba Group Holding Ltd. Spo	$865,000	–	5,252	–	0.33%	–
	New	HOSHIZAKI Corp.	$860,000	–	8,307	–	0.32%	–
SKM	New	SK Telecom Co., Ltd. Sponsored	$855,000	–	30,673	–	0.32%	–
	New	MACQUARIE GROUP LTD	$842,000	–	9,232	–	0.32%	–
MTD	New	METTLER-TOLEDO INTL W/1 RT/SH	$840,000	–	1,379	–	0.32%	–
EEM	New	Ishares Inc. Msci Emerging Mar	$837,000	–	19,500	–	0.32%	–
	New	Kanamoto Co., Ltd.	$834,000	–	23,500	–	0.32%	–
	New	TELEFONICA SA	$830,000	–	104,755	–	0.31%	–
RDSA	New	ROYAL DUTCH SHELL PLC -ADR	$831,000	–	12,190	–	0.31%	–
	New	Vitec Group plc	$820,000	–	44,911	–	0.31%	–
	New	NH Hotel Group SA	$805,000	–	110,315	–	0.30%	–
	New	DEUTZ AG	$795,000	–	89,216	–	0.30%	–
SFTBY	New	SOFTBANK GROUP CORP	$792,000	–	15,686	–	0.30%	–
	New	SOUTH32 LTD	$791,000	–	278,971	–	0.30%	–
	New	Japan Petroleum Exploration Co	$785,000	–	34,200	–	0.30%	–
	New	DeNA Co., Ltd.	$786,000	–	44,500	–	0.30%	–
	New	Schoeller-Bleckmann Oilfield E	$781,000	–	7,115	–	0.30%	–
	New	Carsales.Com Limited	$780,000	–	74,534	–	0.29%	–
	New	UNITED OVERSEAS BANK LTD	$777,000	–	39,193	–	0.29%	–
	New	Arrow Global Group Plc	$774,000	–	256,795	–	0.29%	–
	New	Essentra plc	$765,000	–	144,837	–	0.29%	–
ACN	New	ACCENTURE PLC CL A	$767,000	–	4,509	–	0.29%	–
TTE	New	TOTAL FINA ELF S A SPONSORED A	$764,000	–	11,872	–	0.29%	–
BSAC	New	Banco Santander-Chile	$757,000	–	23,669	–	0.29%	–
	New	Credito Emiliano S.p.A.	$719,000	–	109,402	–	0.27%	–
	New	Scout24 AG	$719,000	–	15,417	–	0.27%	–
LZAGY	New	LONZA GROUP AG UNSPON ADR	$719,000	–	20,961	–	0.27%	–
TD	New	TORONTO DOMINION BANK NY	$707,000	–	11,626	–	0.27%	–
	New	D'Ieteren SA	$703,000	–	15,955	–	0.26%	–
	New	Kinepolis Group NV	$674,000	–	11,272	–	0.25%	–
	New	Pola Orbis Holdings Inc.	$665,000	–	18,200	–	0.25%	–
ADDYY	New	ADIDAS AG ADR	$658,000	–	5,372	–	0.25%	–
	New	RWS Holdings plc	$658,000	–	101,962	–	0.25%	–
	New	ORIX CORP	$645,000	–	39,800	–	0.24%	–
	New	JTEKT Corporation	$635,000	–	43,400	–	0.24%	–
	New	Concentric AB	$629,000	–	39,133	–	0.24%	–
	New	KYOCERA CORP	$624,000	–	10,400	–	0.24%	–
	New	Sodick Co., Ltd.	$620,000	–	68,200	–	0.23%	–
	New	Ashmore Group plc	$617,000	–	129,974	–	0.23%	–
	New	JENOPTIK AG	$595,000	–	16,151	–	0.22%	–
	New	Bobst Group SA	$588,000	–	7,484	–	0.22%	–
	New	Royal Mail PLC	$585,000	–	94,044	–	0.22%	–
	New	DEUTSCHE BANK AG REGISTERED	$585,000	–	51,276	–	0.22%	–
IX	New	Orix Corp.	$580,000	–	7,152	–	0.22%	–
	New	Pacific Metals Co., Ltd.	$577,000	–	15,500	–	0.22%	–
	New	Huhtamaki Oyj	$570,000	–	17,763	–	0.22%	–
LIVN	New	Livanova PLC	$568,000	–	4,578	–	0.21%	–
KDDIY	New	KDDI CORP UNSPONSORED ADR	$563,000	–	40,736	–	0.21%	–
HSBC	New	HSBC HLDGS PLC SPONS ADR NEW	$551,000	–	12,536	–	0.21%	–
CB	New	CHUBB LIMITED	$529,000	–	3,956	–	0.20%	–
MDT	New	MEDTRONIC PLC	$529,000	–	5,383	–	0.20%	–
	New	cocokara fine Inc.	$513,000	–	8,000	–	0.19%	–
KOS	New	Kosmos Energy Ltd.	$509,000	–	54,472	–	0.19%	–
MHGVY	New	MARINE HARVEST	$508,000	–	21,932	–	0.19%	–
	New	Tokyo Tatemono Co., Ltd.	$500,000	–	41,000	–	0.19%	–
SKFRY	New	SKF AB Sponsored ADR Class B	$496,000	–	25,131	–	0.19%	–
	New	Nemetschek SE	$493,000	–	3,366	–	0.19%	–
	New	Spirax-Sarco Engineering PLC	$494,000	–	5,186	–	0.19%	–
BRDCY	New	BRIDGESTONE CORPORATION UNSPON	$490,000	–	25,943	–	0.18%	–
	New	Pearson PLC	$482,000	–	41,500	–	0.18%	–
SIEGY	New	SIEMENS AG ADR	$481,000	–	7,500	–	0.18%	–
TSRYY	New	TREASURY WINE ESTATES ADR	$479,000	–	37,878	–	0.18%	–
	New	GRENKE AG	$479,000	–	4,016	–	0.18%	–
AZN	New	ASTRAZENECA PLC ADR	$455,000	–	11,495	–	0.17%	–
NSRGY	New	NESTLE SA SPONSORED ADR REPSTG	$457,000	–	5,455	–	0.17%	–
DOX	New	AMDOCS LIMITED ORD	$455,000	–	6,891	–	0.17%	–
	New	NOMURA HOLDINGS INC	$452,000	–	94,600	–	0.17%	–
	New	SUMCO Corporation	$435,000	–	30,000	–	0.16%	–
	New	BBA Aviation Plc	$430,000	–	109,794	–	0.16%	–
BNPQY	New	BNP PARIBAS	$422,000	–	13,787	–	0.16%	–
NTTYY	New	NIPPON TEL & TEL CORP ADR	$417,000	–	9,222	–	0.16%	–
BZLFY	New	BUNZL PLC	$410,000	–	13,039	–	0.16%	–
BASFY	New	BASF SE -SPON ADR	$404,000	–	18,178	–	0.15%	–
	New	BE Semiconductor Industries N.	$399,000	–	18,896	–	0.15%	–
SWDBY	New	SWEDBANK AB ADR	$396,000	–	16,005	–	0.15%	–
NVS	New	NOVARTIS AG ADR	$379,000	–	4,396	–	0.14%	–
	New	Tokyo Steel Manufacturing Co.,	$377,000	–	51,500	–	0.14%	–
SHECY	New	SHIN-ETSU CHEM UNSPON ADR	$371,000	–	16,733	–	0.14%	–
RIO	New	RIO TINTO PLC SPONSORED ADR	$353,000	–	6,927	–	0.13%	–
MELI	New	MercadoLibre, Inc.	$332,000	–	976	–	0.12%	–
ROYMY	New	ROYAL MAIL PLC - UNSP ADR	$328,000	–	26,325	–	0.12%	–
CEO	New	CNOOC Limited Sponsored ADR	$323,000	–	1,634	–	0.12%	–
NMR	New	Nomura Holdings Inc.	$322,000	–	67,403	–	0.12%	–
	New	NISSO CORP	$317,000	–	12,000	–	0.12%	–
AMCRY	New	AMCOR LIMITED ADR	$310,000	–	7,834	–	0.12%	–
SYIEY	New	Symrise AG Unsponsored ADR	$307,000	–	13,437	–	0.12%	–
EC	New	Ecopetrol SA Sponsored ADR	$305,000	–	11,320	–	0.12%	–
LNSTY	New	London Stock Exchange Group pl	$301,000	–	20,146	–	0.11%	–
YNDX	New	Yandex NV Class A	$298,000	–	9,050	–	0.11%	–
GOLD	New	RANDGOLD RESOURCES LTD-ADR	$276,000	–	3,909	–	0.10%	–
VALE	New	Vale S.A. Sponsored ADR	$275,000	–	18,513	–	0.10%	–
DEO	New	DIAGEO PLC	$275,000	–	1,938	–	0.10%	–
IBDRY	New	IBERDROLA SA SPONSORED ADR	$271,000	–	9,187	–	0.10%	–
SIMO	New	Silicon Motion Technology Corp	$271,000	–	5,045	–	0.10%	–
BUD	New	ANHEUSER-BUSCH INBEV SPN ADR	$270,000	–	3,086	–	0.10%	–
SNY	New	Sanofi ADR	$269,000	–	6,031	–	0.10%	–
KBCSY	New	KBC GROEP NV	$263,000	–	7,067	–	0.10%	–
PNGAY	New	Ping An Insurance (Group) Comp	$263,000	–	12,919	–	0.10%	–
ALPMY	New	Astellas Pharma Inc Unsponsore	$263,000	–	15,052	–	0.10%	–
JBAXY	New	Julius Baer Gruppe AG Unsponso	$216,000	–	21,495	–	0.08%	–
NABZY	New	NATIONAL AUSTRALIA BANK ADR	$213,000	–	21,138	–	0.08%	–
BAP	New	Credicorp Ltd.	$205,000	–	917	–	0.08%	–
HDB	New	HDFC Bank Limited Sponsored AD	$202,000	–	2,148	–	0.08%	–
SBRCY	New	Sberbank Russia OJSC Sponsored	$179,000	–	14,440	–	0.07%	–
PBR	New	Petroleo Brasileiro SA Sponsor	$177,000	–	14,647	–	0.07%	–
CICHY	New	China Construction Bank Corpor	$175,000	–	10,007	–	0.07%	–
ASX	New	ASE Technology Holding Co., Lt	$161,000	–	33,343	–	0.06%	–
IBN	New	ICICI Bank Limited Sponsored A	$157,000	–	18,547	–	0.06%	–
FUJHY	New	Subaru Corp ADR	$154,000	–	10,062	–	0.06%	–
UMC	New	United Microelectronics Corp S	$140,000	–	54,221	–	0.05%	–
MLYBY	New	Malayan Banking Bhd. Sponsored	$133,000	–	28,170	–	0.05%	–
BKRKY	New	PT Bank Rakyat Indonesia (Pers	$129,000	–	12,168	–	0.05%	–
ABEV	New	Ambev SA Sponsored ADR	$110,000	–	24,056	–	0.04%	–
BBD	New	Banco Bradesco S.A. Sponsored	$103,000	–	14,562	–	0.04%	–
OGZPY	New	Public Joint-Stock Company Gaz	$98,000	–	19,673	–	0.04%	–
NOK	New	NOKIA CORP -SPON ADR	$94,000	–	16,907	–	0.04%	–
SMFG	New	SUMITOMO MITSUI SPONS ADR	$86,000	–	10,683	–	0.03%	–
CX	New	Cemex SAB de CV Sponsored ADR	$77,000	–	10,898	–	0.03%	–
TKC	New	Turkcell Iletisim Hizmetleri A	$60,000	–	12,548	–	0.02%	–

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