| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 |
| | | VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| AT&T Inc. | COM | 00206R102 | 578 | 34,465 | SH | | SOLE | | 0 | 0 | 34,465 |
| Ares Commercial Real Estate Co | COM | 04013V108 | 649 | 62,644 | SH | | SOLE | | 43,534 | 0 | 19,110 |
| Armada Hoffler Properties, Inc | COM | 04208T108 | 1,227 | 99,211 | SH | | SOLE | | 78,210 | 0 | 21,001 |
| BGSF Inc. | COM | 05601C105 | 418 | 44,447 | SH | | SOLE | | 32,692 | 0 | 11,755 |
| BHP LTD ADR | ADR | 088606108 | 847 | 12,403 | SH | | SOLE | | 0 | 0 | 12,403 |
| BRT Apartments Corp. | COM | 055645303 | 1,266 | 68,120 | SH | | SOLE | | 54,955 | 0 | 13,165 |
| Chesapeake Utilities Corp. | COM | 165303108 | 1,302 | 12,324 | SH | | SOLE | | 8,413 | 0 | 3,911 |
| Commonwealth Bank of Australia | COM | 621503002 | 583 | 7,659 | SH | | SOLE | | 6,659 | 0 | 1,000 |
| Commonwealth Bank of Australia | COM | 202712600 | 649 | 8,512 | SH | | SOLE | | 0 | 0 | 8,512 |
| Community Healthcare Trust Inc | COM | 20369C106 | 656 | 24,635 | SH | | SOLE | | 16,436 | 0 | 8,199 |
| Diageo PLC ADR | ADR | 25243Q205 | 230 | 1,576 | SH | | SOLE | | 0 | 0 | 1,576 |
| Dorchester Minerals LP | UNIT LTD PARTN | 25820R105 | 902 | 28,343 | SH | | SOLE | | 26,172 | 0 | 2,171 |
| Enbridge Inc. | COM | 29250N105 | 754 | 20,926 | SH | | SOLE | | 16,760 | 0 | 4,166 |
| Energy Transfer LP | UNIT LTD PARTN | 29273V100 | 1,559 | 112,985 | SH | | SOLE | | 101,319 | 0 | 11,666 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 | 1,365 | 51,814 | SH | | SOLE | | 45,856 | 0 | 5,958 |
| Euronav NV | COM | B38564108 | 554 | 31,515 | SH | | SOLE | | 29,330 | 0 | 2,185 |
| Flex LNG Ltd. | COM | G35947202 | 546 | 18,780 | SH | | SOLE | | 14,172 | 0 | 4,608 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 | 1,661 | 12,548 | SH | | SOLE | | 9,716 | 0 | 2,832 |
| Gladstone Investment Corp. | COM | 376546107 | 960 | 67,837 | SH | | SOLE | | 44,215 | 0 | 23,622 |
| Global Net Lease, Inc. | COM | 379378201 | 566 | 56,917 | SH | | SOLE | | 39,580 | 0 | 17,337 |
| Hanesbrands, Inc. | COM | 410345102 | 94 | 21,165 | SH | | SOLE | | 0 | 0 | 21,165 |
| Highwoods Properties Inc. | COM | 431284108 | 206 | 8,990 | SH | | SOLE | | 0 | 0 | 8,990 |
| Innovative Industrial Properti | COM | 45781V101 | 283 | 2,808 | SH | | SOLE | | 0 | 0 | 2,808 |
| Keyera Corp. | COM | 593271951 | 404 | 16,730 | SH | | SOLE | | 13,088 | 0 | 3,642 |
| Kinder Morgan, Inc. | COM | 49456B101 | 1,279 | 72,505 | SH | | SOLE | | 48,298 | 0 | 24,207 |
| LTC Properties Inc. | COM | 502175102 | 343 | 10,664 | SH | | SOLE | | 0 | 0 | 10,664 |
| Labrador Iron Ore Royalty Corp | COM | 505440966 | 1,251 | 52,028 | SH | | SOLE | | 27,145 | 0 | 24,883 |
| LyondellBasell Industries NV | COM | N53745100 | 397 | 4,174 | SH | | SOLE | | 2,585 | 0 | 1,589 |
| National Grid PLC ADS | ADR | 636274409 | 1,111 | 16,337 | SH | | SOLE | | 11,964 | 0 | 4,373 |
| National Retail Properties | COM | 637417106 | 317 | 7,358 | SH | | SOLE | | 0 | 0 | 7,358 |
| NetApp Inc. | COM | 64110D104 | 1,326 | 15,038 | SH | | SOLE | | 10,505 | 0 | 4,533 |
| New York Community Bancorp, In | COM | 649445103 | 146 | 14,244 | SH | | SOLE | | 0 | 0 | 14,244 |
| ONE Gas, Inc. | COM | 68235P108 | 1,402 | 22,005 | SH | | SOLE | | 16,313 | 0 | 5,692 |
| ONEOK Inc. | COM | 682680103 | 261 | 3,721 | SH | | SOLE | | 0 | 0 | 3,721 |
| Omnicom Group | COM | 681919106 | 301 | 3,481 | SH | | SOLE | | 0 | 0 | 3,481 |
| Pembina Pipeline Corp. | COM | 706327103 | 1,440 | 41,828 | SH | | SOLE | | 31,070 | 0 | 10,758 |
| Precinct Properties New Zealan | COM | 609327903 | 312 | 390,689 | SH | | SOLE | | 382,889 | 0 | 7,800 |
| Primaris REIT | COM | 74167K109 | 139 | 13,312 | SH | | SOLE | | 11,401 | 0 | 1,911 |
| Public Storage | COM | 74460D109 | 340 | 1,116 | SH | | SOLE | | 0 | 0 | 1,116 |
| SFL Corp. LTD | COM | G7738W106 | 591 | 52,386 | SH | | SOLE | | 36,171 | 0 | 16,215 |
| Sabre Insurance Group PLC | COM | BYWVDP903 | 1,352 | 701,016 | SH | | SOLE | | 524,450 | 0 | 176,566 |
| Shell PLC ADR | ADR | 780259305 | 542 | 8,233 | SH | | SOLE | | 0 | 0 | 8,233 |
| Sparebank 1 SR-Bank | COM | B40JTQ902 | 864 | 68,100 | SH | | SOLE | | 49,515 | 0 | 18,585 |
| TC Energy Corp. | COM | 87807B107 | 780 | 19,964 | SH | | SOLE | | 18,331 | 0 | 1,633 |
| Tanger Factory Outlet Centers, | COM | 875465106 | 2,222 | 80,157 | SH | | SOLE | | 59,745 | 0 | 20,412 |
| Toronto Dominion Bank | COM | 891160509 | 1,507 | 23,325 | SH | | SOLE | | 10,784 | 0 | 12,541 |
| TotalEnergies SE ADR | ADR | 89151E109 | 1,315 | 19,516 | SH | | SOLE | | 12,164 | 0 | 7,352 |
| Verizon Communications Inc. | COM | 92343V104 | 551 | 14,618 | SH | | SOLE | | 0 | 0 | 14,618 |
| Western Midstream Partners, LP | UNIT LTD PARTN | 958669103 | 1,403 | 47,937 | SH | | SOLE | | 42,692 | 0 | 5,245 |
| 3M Co. | COM | 88579Y101 | 303 | 2,774 | SH | | SOLE | | 0 | 0 | 2,774 |
| APA Corp. | COM | 03743Q108 | 388 | 10,820 | SH | | SOLE | | 9,565 | 0 | 1,255 |
| AYR Wellness Inc. | COM | 05475P109 | 29 | 15,890 | SH | | SOLE | | 0 | 0 | 15,890 |
| Accenture PLC | COM | G1151C101 | 246 | 700 | SH | | SOLE | | 0 | 0 | 700 |
| Agilysys, Inc. | COM | 00847J105 | 990 | 11,667 | SH | | SOLE | | 9,201 | 0 | 2,466 |
| Air Products & Chemicals Inc. | COM | 009158106 | 589 | 2,150 | SH | | SOLE | | 1,317 | 0 | 833 |
| Airbnb Inc. | COM | 009066101 | 309 | 2,271 | SH | | SOLE | | 0 | 0 | 2,271 |
| Alphabet Inc. Class C | COM | 02079K107 | 3,200 | 22,703 | SH | | SOLE | | 12,235 | 0 | 10,468 |
| America's Car-Mart, Inc. | COM | 03062T105 | 720 | 9,509 | SH | | SOLE | | 6,484 | 0 | 3,025 |
| Apple Inc. | COM | 037833100 | 1,359 | 7,061 | SH | | SOLE | | 0 | 0 | 7,061 |
| Applied Material, Inc. | COM | 038222105 | 405 | 2,499 | SH | | SOLE | | 0 | 0 | 2,499 |
| AptarGroup, Inc. | COM | 038336103 | 1,258 | 10,180 | SH | | SOLE | | 7,821 | 0 | 2,359 |
| Associated Banc-Corp | COM | 045487105 | 1,454 | 67,952 | SH | | SOLE | | 50,365 | 0 | 17,587 |
| Atmos Energy Corp. | COM | 049560105 | 1,130 | 9,753 | SH | | SOLE | | 8,025 | 0 | 1,728 |
| Automatic Data Processing, Inc | COM | 053015103 | 2,470 | 10,602 | SH | | SOLE | | 8,000 | 0 | 2,602 |
| Avery Dennison Corp. | COM | 053611109 | 1,497 | 7,405 | SH | | SOLE | | 5,245 | 0 | 2,160 |
| BW Energy LTD | COM | ACI1JYPR2 | 426 | 160,095 | SH | | SOLE | | 145,635 | 0 | 14,460 |
| Banco del Bajio SA | COM | ACI0VM9Y9 | 2,100 | 628,593 | SH | | SOLE | | 525,625 | 0 | 102,968 |
| Bank of America Corp. | COM | 060505104 | 599 | 17,785 | SH | | SOLE | | 0 | 0 | 17,785 |
| Best Buy Co. Inc. | COM | 086516101 | 446 | 5,698 | SH | | SOLE | | 0 | 0 | 5,698 |
| Bioceres Crop Solutions Corp. | COM | G1117K114 | 912 | 66,445 | SH | | SOLE | | 51,945 | 0 | 14,500 |
| Bonterra Energy Corp. | COM | 098546104 | 432 | 109,480 | SH | | SOLE | | 97,430 | 0 | 12,050 |
| Bristol Myers Squibb Co. | COM | 110122108 | 343 | 6,690 | SH | | SOLE | | 0 | 0 | 6,690 |
| CVS Health Corp. | COM | 126650100 | 1,195 | 15,135 | SH | | SOLE | | 4,135 | 0 | 11,000 |
| Cannabist Company Holdings Inc | COM | 13765Y103 | 19 | 41,555 | SH | | SOLE | | 0 | 0 | 41,555 |
| Church & Dwight Company, Inc. | COM | 171340102 | 768 | 8,126 | SH | | SOLE | | 5,968 | 0 | 2,158 |
| Cisco Systems Inc. | COM | 17275R102 | 806 | 15,962 | SH | | SOLE | | 0 | 0 | 15,962 |
| Climb Global Solutions Inc. | COM | 946760105 | 2,416 | 44,070 | SH | | SOLE | | 31,092 | 0 | 12,978 |
| Coats Group PLC | COM | B4YZN3906 | 587 | 595,235 | SH | | SOLE | | 510,135 | 0 | 85,100 |
| Comcast Corp. | COM | 20030N101 | 1,141 | 26,015 | SH | | SOLE | | 8,290 | 0 | 17,725 |
| Compagnie Michelin | COM | BPBPJ0907 | 422 | 23,488 | SH | | SOLE | | 23,488 | 0 | 0 |
| Credito Real Sofom ENR | COM | B8DST5905 | 21 | 971,884 | SH | | SOLE | | 821,884 | 0 | 150,000 |
| Cresco Labs | COM | 22587M106 | 136 | 100,340 | SH | | SOLE | | 0 | 0 | 100,340 |
| Cummins Inc. | COM | 231021106 | 2,209 | 9,220 | SH | | SOLE | | 6,204 | 0 | 3,016 |
| Curaleaf Holdings, Inc. | COM | 23126M102 | 356 | 87,598 | SH | | SOLE | | 0 | 0 | 87,598 |
| DLH Holdings Corp. | COM | 23335Q100 | 1,457 | 92,517 | SH | | SOLE | | 62,655 | 0 | 29,862 |
| Dana Inc. | COM | 235825205 | 724 | 49,550 | SH | | SOLE | | 38,865 | 0 | 10,685 |
| Datadog, Inc. | COM | 23804L103 | 427 | 3,514 | SH | | SOLE | | 0 | 0 | 3,514 |
| Dollarama Inc. | COM | 25675T958 | 1,291 | 17,917 | SH | | SOLE | | 13,463 | 0 | 4,454 |
| Eaton Corp. PLC | COM | G29183103 | 729 | 3,025 | SH | | SOLE | | 1,920 | 0 | 1,105 |
| Ebay Inc. | COM | 278642103 | 268 | 6,148 | SH | | SOLE | | 0 | 0 | 6,148 |
| Ecolab, Inc. | COM | 278865100 | 519 | 2,617 | SH | | SOLE | | 1,865 | 0 | 752 |
| Emerson Electric Co. | COM | 291011104 | 1,083 | 11,128 | SH | | SOLE | | 8,833 | 0 | 2,295 |
| Enerplus Resources Fund Trust | COM | 292766102 | 672 | 43,788 | SH | | SOLE | | 41,148 | 0 | 2,640 |
| FB Financial Corp. | COM | 30257X104 | 909 | 22,802 | SH | | SOLE | | 15,240 | 0 | 7,562 |
| Fastenal Co. | COM | 311900104 | 1,527 | 23,572 | SH | | SOLE | | 16,895 | 0 | 6,677 |
| Fidelity National Financial, I | COM | 31620R303 | 597 | 11,700 | SH | | SOLE | | 0 | 0 | 11,700 |
| Fiserv Inc. | COM | 337738108 | 2,673 | 20,119 | SH | | SOLE | | 15,419 | 0 | 4,700 |
| Garmin LTD | COM | H2906T109 | 1,228 | 9,556 | SH | | SOLE | | 6,951 | 0 | 2,605 |
| Gilead Sciences Inc | COM | 375558103 | 500 | 6,168 | SH | | SOLE | | 0 | 0 | 6,168 |
| Givaudan SA ADR | ADR | 37636P108 | 1,339 | 16,112 | SH | | SOLE | | 12,204 | 0 | 3,908 |
| Goldman Sachs Group Inc. | COM | 38141G104 | 255 | 662 | SH | | SOLE | | 0 | 0 | 662 |
| Graco Inc. | COM | 384109104 | 2,191 | 25,259 | SH | | SOLE | | 18,236 | 0 | 7,023 |
| Green Thumb Industries Inc. | COM | 39342L108 | 1,068 | 94,627 | SH | | SOLE | | 0 | 0 | 94,627 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 | 2,168 | 12,373 | SH | | SOLE | | 10,257 | 0 | 2,116 |
| Gulf Keystone Petroleum LTD | COM | G4209G207 | 336 | 204,865 | SH | | SOLE | | 182,515 | 0 | 22,350 |
| HP Inc. | COM | 40434L105 | 288 | 9,577 | SH | | SOLE | | 0 | 0 | 9,577 |
| Heineken NV ADR | ADR | 423012301 | 1,331 | 26,118 | SH | | SOLE | | 20,775 | 0 | 5,343 |
| Honeywell International Inc. | COM | 438516106 | 1,675 | 7,989 | SH | | SOLE | | 6,104 | 0 | 1,885 |
| Hormel Foods Corp. | COM | 440452100 | 751 | 23,386 | SH | | SOLE | | 17,840 | 0 | 5,546 |
| Hubbell Inc. | COM | 443510607 | 2,152 | 6,543 | SH | | SOLE | | 5,183 | 0 | 1,360 |
| IDEX Corp. | COM | 45167R104 | 969 | 4,464 | SH | | SOLE | | 3,196 | 0 | 1,268 |
| ITT Corp. | COM | 45073V108 | 2,827 | 23,694 | SH | | SOLE | | 18,925 | 0 | 4,769 |
| Indiva Limited | COM | 45580J101 | 7 | 112,000 | SH | | SOLE | | 0 | 0 | 112,000 |
| JPMorgan Chase & Co. | COM | 46625H100 | 585 | 3,437 | SH | | SOLE | | 0 | 0 | 3,437 |
| KLA Corp. | COM | 482480100 | 1,292 | 2,222 | SH | | SOLE | | 1,565 | 0 | 657 |
| LKQ Corp. | COM | 501889208 | 1,448 | 30,304 | SH | | SOLE | | 19,298 | 0 | 11,006 |
| Lakeland Financial Corp. | COM | 511656100 | 1,460 | 22,403 | SH | | SOLE | | 17,356 | 0 | 5,047 |
| Lam Research Corp. | COM | 512807108 | 1,085 | 1,385 | SH | | SOLE | | 988 | 0 | 397 |
| Lincoln Electric Holdings, Inc | COM | 533900106 | 1,234 | 5,675 | SH | | SOLE | | 4,186 | 0 | 1,489 |
| Linde PLC | COM | G54950103 | 2,578 | 6,276 | SH | | SOLE | | 4,309 | 0 | 1,967 |
| Magnolia Oil & Gas Corp. | COM | 559663109 | 662 | 31,094 | SH | | SOLE | | 28,781 | 0 | 2,313 |
| Martinrea International Inc. | COM | 573459963 | 958 | 88,495 | SH | | SOLE | | 64,120 | 0 | 24,375 |
| McDonald's Corp. | COM | 580135101 | 1,737 | 5,857 | SH | | SOLE | | 4,379 | 0 | 1,478 |
| Medtronic PLC | COM | G5960L103 | 203 | 2,464 | SH | | SOLE | | 0 | 0 | 2,464 |
| Meta Platforms, Inc. | COM | 30303M102 | 1,369 | 3,869 | SH | | SOLE | | 899 | 0 | 2,970 |
| Mettler-Toledo International, | COM | 592688105 | 1,440 | 1,187 | SH | | SOLE | | 904 | 0 | 283 |
| Michelin ADR | ADR | 59410T106 | 263 | 14,664 | SH | | SOLE | | 0 | 0 | 14,664 |
| Nordson Corp. | COM | 655663102 | 941 | 3,563 | SH | | SOLE | | 2,734 | 0 | 829 |
| Norfolk & Southern Corp. | COM | 655844108 | 1,628 | 6,886 | SH | | SOLE | | 5,225 | 0 | 1,661 |
| Novartis AG ADR | ADR | 66987V109 | 1,360 | 13,471 | SH | | SOLE | | 5,909 | 0 | 7,562 |
| Novolipetsk GDR | ADR | B0RTNX900 | 0 | 25,060 | SH | | SOLE | | 25,060 | 0 | 0 |
| PagSeguro Digital LTD | COM | G68707101 | 422 | 33,873 | SH | | SOLE | | 23,119 | 0 | 10,754 |
| Paramount Global | COM | 92556H206 | 226 | 15,292 | SH | | SOLE | | 0 | 0 | 15,292 |
| Parker Hannifin Corp. | COM | 701094104 | 1,891 | 4,104 | SH | | SOLE | | 2,991 | 0 | 1,113 |
| Paychex, Inc. | COM | 704326107 | 2,037 | 17,100 | SH | | SOLE | | 12,259 | 0 | 4,841 |
| Plumas Bancorp | COM | 729273102 | 274 | 6,628 | SH | | SOLE | | 5,048 | 0 | 1,580 |
| Prosperity Bancshares Inc. | COM | 743606105 | 1,297 | 19,146 | SH | | SOLE | | 14,450 | 0 | 4,696 |
| Rostelecom Long Distance ADR | ADR | 778529107 | 0 | 54,850 | SH | | SOLE | | 47,320 | 0 | 7,530 |
| SThree PLC | COM | BOKM9T907 | 1,687 | 316,766 | SH | | SOLE | | 235,428 | 0 | 81,338 |
| Schneider Electric SA | COM | 483410007 | 2,067 | 10,303 | SH | | SOLE | | 8,272 | 0 | 2,031 |
| Sherwin-Williams Co. | COM | 824348106 | 1,976 | 6,336 | SH | | SOLE | | 4,824 | 0 | 1,512 |
| Skyworks Solutions Inc. | COM | 83088M102 | 1,629 | 14,492 | SH | | SOLE | | 9,346 | 0 | 5,146 |
| Snap-on Inc. | COM | 833034101 | 2,683 | 9,289 | SH | | SOLE | | 7,180 | 0 | 2,109 |
| Straumann Holdings AG | COM | 715683900 | 2,051 | 12,722 | SH | | SOLE | | 9,923 | 0 | 2,799 |
| Taiwan Semiconductor Manufactu | ADR | 874039100 | 760 | 7,308 | SH | | SOLE | | 5,404 | 0 | 1,904 |
| Tennant Co. | COM | 880345103 | 882 | 9,514 | SH | | SOLE | | 7,077 | 0 | 2,437 |
| Thunderbird Entertainment Grou | COM | 88605U958 | 653 | 381,554 | SH | | SOLE | | 310,470 | 0 | 71,084 |
| Treatt PLC | COM | AC1086L59 | 456 | 71,223 | SH | | SOLE | | 47,970 | 0 | 23,253 |
| Trulieve Cannabis Corp. | COM | 89788C104 | 228 | 43,815 | SH | | SOLE | | 0 | 0 | 43,815 |
| US Physical Therapy Inc. | COM | 90337L108 | 967 | 10,378 | SH | | SOLE | | 8,429 | 0 | 1,949 |
| United Health Group Incorporat | COM | 91324P102 | 473 | 898 | SH | | SOLE | | 0 | 0 | 898 |
| Verano Holdings Corp. | COM | 92338D101 | 50 | 11,225 | SH | | SOLE | | 0 | 0 | 11,225 |
| Vermilion Energy Trust | COM | 923725956 | 673 | 55,797 | SH | | SOLE | | 51,995 | 0 | 3,802 |
| Viatris Inc. | COM | 92556V106 | 195 | 18,020 | SH | | SOLE | | 0 | 0 | 18,020 |
| W.W. Grainger, Inc. | COM | 384802104 | 3,214 | 3,878 | SH | | SOLE | | 2,827 | 0 | 1,051 |
| Warner Brothers Discovery | COM | 934423104 | 161 | 14,185 | SH | | SOLE | | 0 | 0 | 14,185 |
| XP Power Ltd. | COM | B1RMWL909 | 387 | 22,199 | SH | | SOLE | | 15,500 | 0 | 6,699 |
