The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co. COM 88579Y101   1,024,840 7,497 SH   SOLE   7,497 0 0
AbbVie Inc. COM 00287Y109   744,895 3,772 SH   SOLE   3,772 0 0
Advanced Drainage Systems Inc. COM 00790R104   332,865 2,118 SH   SOLE   2,118 0 0
Alphabet Inc. COM 02079K305   1,240,392 7,479 SH   SOLE   7,479 0 0
Altria Group Inc. COM 02209S103   137,802,376 2,699,890 SH   SOLE   2,167,877 0 532,013
American Express Co. COM 025816109   5,258,297 19,389 SH   SOLE   19,389 0 0
American States Water Co. COM 029899101   721,458 8,662 SH   SOLE   8,662 0 0
American Water Works Company I COM 030420103   1,269,217 8,679 SH   SOLE   8,679 0 0
Ameris Bancorp COM 03076K108   1,042,287 16,706 SH   SOLE   16,706 0 0
Apple Inc. COM 037833100   1,501,452 6,444 SH   SOLE   6,444 0 0
Applied Materials Inc. COM 038222105   3,712,063 18,372 SH   SOLE   18,372 0 0
Archer-Daniels-Midland Co. COM 039483102   1,385,371 23,190 SH   SOLE   23,190 0 0
Arrow Electronics Inc. COM 042735100   3,088,298 23,250 SH   SOLE   23,250 0 0
Artesian Resources Corp. COM 043113208   308,297 8,292 SH   SOLE   8,292 0 0
AT&T Inc. COM 00206R102   159,831,658 7,265,075 SH   SOLE   5,135,873 0 2,129,202
Axalta Coating Systems Ltd. COM G0750C108   3,555,776 98,253 SH   SOLE   98,253 0 0
Bank of America Corp. COM 060505104   237,002,576 5,972,847 SH   SOLE   4,506,249 0 1,466,598
Baxter International Inc. COM 071813109   55,057,913 1,450,037 SH   SOLE   1,450,037 0 0
BCE Inc. COM 05534B760   196,238,308 5,639,032 SH   SOLE   4,208,365 0 1,430,667
BGSF Inc. COM 05601C105   318,689 37,849 SH   SOLE   37,849 0 0
Blackstone Inc COM 09260D107   919,546 6,005 SH   SOLE   6,005 0 0
BOEING CO/THE COM 097023105   1,264,213 8,315 SH   SOLE   8,315 0 0
BorgWarner Inc. COM 099724106   3,249,153 89,533 SH   SOLE   89,533 0 0
Bristol-Myers Squibb Co. COM 110122108   67,831,320 1,311,003 SH   SOLE   1,311,003 0 0
Broadcom Ltd. COM 11135F101   206,342,111 1,196,186 SH   SOLE   836,512 0 359,674
California Water Service Group COM 130788102   688,431 12,697 SH   SOLE   12,697 0 0
Canadian National Railway Co. COM 136375102   2,143,494 18,297 SH   SOLE   18,297 0 0
Canadian Pacific Kansas City L COM 13646K108   457,553 5,349 SH   SOLE   5,349 0 0
Caterpillar Inc. COM 149123101   352,008 900 SH   SOLE   900 0 0
Chevron Corp. COM 166764100   219,935,993 1,493,420 SH   SOLE   1,181,265 0 312,155
Chubb Ltd. COM H1467J104   236,587,708 820,374 SH   SOLE   575,321 0 245,054
Cisco Systems Inc. COM 17275R102   252,316,861 4,741,016 SH   SOLE   3,753,078 0 987,937
Citigroup Inc. COM 172967424   138,712,262 2,215,851 SH   SOLE   1,483,639 0 732,212
Civitas Resources Inc. COM 17888H103   342,884 6,767 SH   SOLE   6,767 0 0
Coca Cola Euro Pacific Partner COM G25839104   51,570,713 654,866 SH   SOLE   439,004 0 215,862
Comcast Corp. (Cl A) COM 20030N101   214,499,909 5,135,262 SH   SOLE   4,004,863 0 1,130,400
Communication Services Select COM 81369Y852   560,480 6,200 SH   SOLE   6,200 0 0
Conagra Brands Inc. COM 205887102   63,977,066 1,967,314 SH   SOLE   1,967,314 0 0
ConocoPhillips COM 20825C104   134,778,052 1,280,187 SH   SOLE   959,252 0 320,934
Consolidated Water Company Ltd COM G23773107   360,226 14,289 SH   SOLE   14,289 0 0
Copa Holdings SA COM P31076105   15,453,384 164,678 SH   SOLE   164,678 0 0
Core & Main Inc COM 21874C102   933,421 21,023 SH   SOLE   21,023 0 0
Coterra Energy Inc. COM 127097103   594,726 24,832 SH   SOLE   24,832 0 0
Cousins Properties Inc. COM 222795502   825,322 27,996 SH   SOLE   27,996 0 0
Crocs Inc. COM 227046109   1,037,998 7,168 SH   SOLE   7,168 0 0
Crown Castle Inc. COM 22822V101   132,240,132 1,114,728 SH   SOLE   792,871 0 321,857
CSX Corp. COM 126408103   1,437,760 41,638 SH   SOLE   41,638 0 0
Denny's Corp. COM 24869P104   768,092 119,084 SH   SOLE   119,084 0 0
Devon Energy Corp. COM 25179M103   330,955 8,460 SH   SOLE   8,460 0 0
Dominion Energy Inc. COM 25746U109   474,860 8,217 SH   SOLE   8,217 0 0
Douglas Elliman Inc. COM 25961D105   1,160,388 634,092 SH   SOLE   634,092 0 0
Dow Inc COM 260557103   189,025,135 3,460,098 SH   SOLE   2,655,013 0 805,084
Duke Energy Corp. COM 26441C204   252,840,354 2,192,891 SH   SOLE   1,695,063 0 497,828
DuPont De Nemours Inc. COM 26614N102   1,412,126 15,847 SH   SOLE   15,847 0 0
Eaton Corp. PLC COM G29183103   4,939,450 14,903 SH   SOLE   14,903 0 0
Ecolab Inc. COM 278865100   366,143 1,434 SH   SOLE   1,434 0 0
Enbridge Inc. COM 29250N105   299,702 7,380 SH   SOLE   7,380 0 0
Energy Select Sector SPDR Fund COM 81369Y506   429,430 4,891 SH   SOLE   4,891 0 0
Energy Transfer LP COM 29273V100   5,259,408 327,689 SH   SOLE   327,689 0 0
Enterprise Financial Services COM 293712105   428,636 8,362 SH   SOLE   8,362 0 0
Enterprise Products Partners L COM 293792107   4,262,490 146,427 SH   SOLE   146,427 0 0
EOG Resources Inc. COM 26875P101   68,938,231 560,793 SH   SOLE   560,793 0 0
Essential Utilites Inc. COM 29670G102   866,514 22,466 SH   SOLE   22,466 0 0
Exxon Mobil Corp. COM 30231G102   236,539,713 2,017,913 SH   SOLE   1,579,803 0 438,110
Fidelity National Information COM 31620M106   1,544,015 18,436 SH   SOLE   18,436 0 0
Financial Select Sector SPDR F COM 81369Y605   6,656,602 146,880 SH   SOLE   146,880 0 0
First Horizon Corp. COM 320517105   1,234,480 79,490 SH   SOLE   79,490 0 0
First Interstate Bancsystem In COM 32055Y201   490,481 15,987 SH   SOLE   15,987 0 0
GE HealthCare Technologies Inc COM 36266G107   204,875 2,183 SH   SOLE   2,183 0 0
GE Vernova LLC COM 36828A101   417,402 1,637 SH   SOLE   1,637 0 0
General Dynamics Corp. COM 369550108   230,040,360 761,219 SH   SOLE   573,373 0 187,846
General Electric Co. COM 369604301   1,235,388 6,551 SH   SOLE   6,551 0 0
Genuine Parts Co. COM 372460105   179,981,878 1,288,530 SH   SOLE   983,936 0 304,594
Global Water Resources Inc. COM 379463102   416,414 33,075 SH   SOLE   33,075 0 0
Great Lakes Dredge & Dock Corp COM 390607109   1,610,374 152,932 SH   SOLE   152,932 0 0
Health Care Select Sector SPDR COM 81369Y209   7,468,122 48,488 SH   SOLE   48,488 0 0
Healthpeak Properties Inc COM 42250P103   202,195,964 8,841,100 SH   SOLE   6,819,492 0 2,021,608
Highwoods Properties Inc. COM 431284108   1,097,654 32,756 SH   SOLE   32,756 0 0
Honeywell International Inc. COM 438516106   3,759,534 18,191 SH   SOLE   18,191 0 0
Hudson Pacific Properties, Inc COM 444097109   53,918 11,280 SH   SOLE   11,280 0 0
Huntsman Corp. COM 447011107   441,311 18,236 SH   SOLE   18,236 0 0
Industrial Select Sector SPDR COM 81369Y704   631,150 4,660 SH   SOLE   4,660 0 0
International Business Machine COM 459200101   45,393,955 205,328 SH   SOLE   205,328 0 0
International Paper Co. COM 460146103   242,296 4,960 SH   SOLE   4,960 0 0
iShares MSCI India ETF COM 46429B598   7,499,039 128,123 SH   SOLE   128,123 0 0
iShares MSCI Malaysia ETF COM 46434G814   8,300,915 306,873 SH   SOLE   306,873 0 0
iShares MSCI South Korea ETF COM 464286772   10,359,793 161,973 SH   SOLE   161,973 0 0
iShares MSCI Taiwan ETF COM 46434G772   9,410,874 174,696 SH   SOLE   174,696 0 0
Johnson & Johnson COM 478160104   200,059,365 1,234,477 SH   SOLE   875,749 0 358,728
Johnson Controls International COM G51502105   251,098,285 3,235,386 SH   SOLE   2,429,348 0 806,038
JP Morgan Chase & Co. COM 46625H100   286,154,483 1,357,083 SH   SOLE   991,751 0 365,332
Kenvue Inc COM 49177J102   214,785,483 9,286,013 SH   SOLE   7,013,631 0 2,272,383
Kimberly-Clark Corp. COM 494368103   797,053 5,602 SH   SOLE   5,602 0 0
Korn Ferry COM 500643200   940,274 12,497 SH   SOLE   12,497 0 0
Latham Group Inc. COM 51819L107   813,144 119,580 SH   SOLE   119,580 0 0
Laureate Education Inc. COM 518613203   12,619,614 759,760 SH   SOLE   759,760 0 0
LendingTree Inc. COM 52603B107   2,307,157 39,758 SH   SOLE   39,758 0 0
Li Auto Inc. COM 50202M102   239,443 9,335 SH   SOLE   9,335 0 0
Linde PLC COM G54950103   476,480 1,000 SH   SOLE   1,000 0 0
Lindsay Corp. COM 535555106   213,134 1,710 SH   SOLE   1,710 0 0
LoanDepot Inc. COM 53946R106   1,224,640 448,586 SH   SOLE   448,586 0 0
Lowe's Companies Inc. COM 548661107   158,194,910 584,068 SH   SOLE   431,351 0 152,718
M/I Homes Inc. COM 55305B101   1,003,827 5,858 SH   SOLE   5,858 0 0
Malibu Boats Inc. COM 56117J100   737,545 19,004 SH   SOLE   19,004 0 0
Marriot Vacations Worldwide Co COM 57164Y107   838,480 11,411 SH   SOLE   11,411 0 0
Masco Corp. COM 574599106   444,378 5,294 SH   SOLE   5,294 0 0
Masterbrand Inc. COM 57638P104   787,672 42,485 SH   SOLE   42,485 0 0
Materials Select Sector SPDR F COM 81369Y100   387,930 4,025 SH   SOLE   4,025 0 0
McDonald's Corp. COM 580135101   2,464,704 8,094 SH   SOLE   8,094 0 0
Medtronic PLC COM G5960L103   246,283,269 2,735,569 SH   SOLE   2,153,292 0 582,277
Merck & Co. Inc. COM 58933Y105   232,986,040 2,051,656 SH   SOLE   1,642,785 0 408,871
Microsoft Corp. COM 594918104   102,196,283 237,500 SH   SOLE   186,453 0 51,047
Middlesex Water Co. COM 596680108   308,129 4,723 SH   SOLE   4,723 0 0
Mondelez International Inc. COM 609207105   44,445,479 603,305 SH   SOLE   603,305 0 0
Morgan Stanley COM 617446448   256,630,197 2,461,917 SH   SOLE   1,905,017 0 556,900
NextEra Energy Inc. COM 65339F101   223,975,114 2,649,652 SH   SOLE   1,801,216 0 848,437
Oracle Corp. COM 68389X105   6,003,533 35,232 SH   SOLE   35,232 0 0
Packaging Corp. of America COM 695156109   2,805,154 13,023 SH   SOLE   13,023 0 0
PennyMac Financial Services In COM 70932M107   766,220 6,723 SH   SOLE   6,723 0 0
Pentair PLC COM G7S00T104   630,843 6,451 SH   SOLE   6,451 0 0
PepsiCo Inc. COM 713448108   1,455,798 8,561 SH   SOLE   8,561 0 0
Pfizer Inc. COM 717081103   122,386,505 4,228,974 SH   SOLE   2,727,711 0 1,501,263
Philip Morris International In COM 718172109   261,959,766 2,157,823 SH   SOLE   1,627,164 0 530,659
Pool Corp. COM 73278L105   641,314 1,702 SH   SOLE   1,702 0 0
Portland General Electric Co. COM 736508847   772,388 16,125 SH   SOLE   16,125 0 0
PotlatchDeltic Corp COM 737630103   240,837 5,346 SH   SOLE   5,346 0 0
PPL Corp. COM 69351T106   62,651,795 1,893,948 SH   SOLE   1,893,948 0 0
Premier Financial Corp COM 74052F108   818,466 34,858 SH   SOLE   34,858 0 0
Prologis Inc. COM 74340W103   398,919 3,159 SH   SOLE   3,159 0 0
Public Service Enterprise Grou COM 744573106   802,801 8,999 SH   SOLE   8,999 0 0
Public Storage COM 74460D109   688,078 1,891 SH   SOLE   1,891 0 0
Qualcomm Inc. COM 747525103   83,581,616 491,512 SH   SOLE   348,106 0 143,406
Ralph Lauren Corp. COM 751212101   1,190,362 6,140 SH   SOLE   6,140 0 0
Raymond James Financial Inc. COM 754730109   1,238,193 10,111 SH   SOLE   10,111 0 0
Rayonier Inc. COM 754907103   344,744 10,713 SH   SOLE   10,713 0 0
RTX Corp COM 75513E101   258,858,880 2,136,504 SH   SOLE   1,663,260 0 473,244
Select Water Solutions Inc. COM 81617J301   726,845 65,305 SH   SOLE   65,305 0 0
Sempra COM 816851109   4,386,895 52,456 SH   SOLE   52,456 0 0
Sensata Technologies Holding P COM G8060N102   1,094,483 30,521 SH   SOLE   30,521 0 0
Simon Property Group Inc. COM 828806109   1,808,514 10,700 SH   SOLE   10,700 0 0
Simons First National Corp. COM 828730200   527,601 24,494 SH   SOLE   24,494 0 0
Sitio Royalties Corp COM 82983N108   390,104 18,719 SH   SOLE   18,719 0 0
SJW Group COM 784305104   318,036 5,473 SH   SOLE   5,473 0 0
Smurfit Westrock PLC COM G8267P108   60,837,700 1,231,034 SH   SOLE   803,227 0 427,807
SouthState Corp. COM 840441109   593,817 6,110 SH   SOLE   6,110 0 0
SPDR Bloomberg 1-3 Month T-Bil COM 78468R663   1,004,401 10,940 SH   SOLE   10,940 0 0
SPDR S&P500 ETF Trust COM 78462F103   646,054 1,126 SH   SOLE   1,126 0 0
Stantec Inc. COM 85472N109   339,893 4,227 SH   SOLE   4,227 0 0
Sysco Corp. COM 871829107   13,259,350 169,861 SH   SOLE   169,861 0 0
Target Corp. COM 87612E106   145,843,125 935,732 SH   SOLE   654,644 0 281,088
Terex Corp. COM 880779103   647,830 12,244 SH   SOLE   12,244 0 0
Tetra Tech Inc. COM 88162G103   519,656 11,019 SH   SOLE   11,019 0 0
The Allstate Corp. COM 020002101   3,585,144 18,904 SH   SOLE   18,904 0 0
The Cigna Group COM 125523100   4,434,432 12,800 SH   SOLE   12,800 0 0
The Coca-Cola Co. COM 191216100   734,337 10,219 SH   SOLE   10,219 0 0
The JM Smucker Co. COM 832696405   1,586,289 13,099 SH   SOLE   13,099 0 0
The PNC Financial Services Gro COM 693475105   3,305,488 17,882 SH   SOLE   17,882 0 0
The Procter & Gamble Co. COM 742718109   1,646,093 9,504 SH   SOLE   9,504 0 0
The Travelers Companies Inc. COM 89417E109   174,029,895 743,336 SH   SOLE   591,981 0 151,355
The Walt Disney Co. COM 254687106   3,075,868 31,977 SH   SOLE   31,977 0 0
The York Water Co. COM 987184108   415,731 11,098 SH   SOLE   11,098 0 0
Trip.com Group Ltd. (ADR) COM 89677Q107   11,035,735 185,693 SH   SOLE   185,693 0 0
Truist Financial Corp COM 89832Q109   193,701,159 4,528,902 SH   SOLE   3,408,583 0 1,120,319
Under Armour Inc. (class C) COM 904311206   286,079 34,220 SH   SOLE   34,220 0 0
Union Pacific Corp. COM 907818108   2,593,463 10,522 SH   SOLE   10,522 0 0
Unisys Corp. COM 909214306   241,843 42,578 SH   SOLE   42,578 0 0
United Parcel Service Inc. COM 911312106   140,362,084 1,029,500 SH   SOLE   791,750 0 237,750
Valmont Industries Inc. COM 920253101   339,531 1,171 SH   SOLE   1,171 0 0
VanEck Vietnam ETF COM 92189F817   967,063 75,670 SH   SOLE   75,670 0 0
Vanguard FTSE Emerging Markets COM 922042858   451,034 9,426 SH   SOLE   9,426 0 0
Varex Imaging Corp. COM 92214X106   157,475 13,211 SH   SOLE   13,211 0 0
Veralto Corp. COM 92338C103   409,184 3,658 SH   SOLE   3,658 0 0
Verizon Communications Inc. COM 92343V104   66,223,200 1,474,576 SH   SOLE   1,474,576 0 0
Vici Properties Inc. COM 925652109   217,740,531 6,536,792 SH   SOLE   5,243,916 0 1,292,876
Viper Energy Inc COM 927959106   1,292,221 28,646 SH   SOLE   28,646 0 0
Walmart Inc. COM 931142103   4,417,590 54,707 SH   SOLE   54,707 0 0
Warner Brothers Discovery Inc. COM 934423104   678,835 82,283 SH   SOLE   82,283 0 0
Weyerhaeuser Co. COM 962166104   505,090 14,917 SH   SOLE   14,917 0 0
WisdomTree India Earnings Fund COM 97717W422   9,437,937 187,038 SH   SOLE   187,038 0 0
WP Carey Inc. COM 92936U109   356,543 5,723 SH   SOLE   5,723 0 0
Xylem Inc. COM 98419M100   531,343 3,935 SH   SOLE   3,935 0 0
Zurn Elkay Water Solutions Cor COM 98983L108   395,628 11,008 SH   SOLE   11,008 0 0
HudBay Minerals Inc. COM 443628102   573,750 62,370 SH   SOLE   62,370 0 0
Airtel Africa PLC COM 50050N103   6,667,930 4,374,513 SH   SOLE   4,374,513 0 0
ASE Technology Holding Company ADR 00215W100   43,034,470 4,409,269 SH   SOLE   2,910,557 0 1,498,712
BHP Group Ltd. (ADR) ADR 088606108   13,633,820 219,511 SH   SOLE   127,155 0 92,356
British American Tobacco PLC ( ADR 110448107   45,036,402 1,231,176 SH   SOLE   821,420 0 409,755
Central Asia Metals PLC COM 874080104   411,573 157,370 SH   SOLE   157,370 0 0
Coca-Cola Femsa SAB de CV (ADR ADR 191241108   46,588,780 525,122 SH   SOLE   315,093 0 210,029
Companhia de Saneamento Basico ADR 20441A102   170,031 10,280 SH   SOLE   10,280 0 0
Diageo PLC (ADR) ADR 25243Q205   84,391,939 601,339 SH   SOLE   411,779 0 189,560
Glencore PLC COM 38149E101   4,466,351 781,011 SH   SOLE   781,011 0 0
ICICI Bank Ltd. (ADR) ADR 45104G104   43,398,945 1,453,901 SH   SOLE   1,453,901 0 0
Itau Unibanco Holding SA (ADR) ADR 465562106   524,067 78,807 SH   SOLE   78,807 0 0
Kaspi.kz JSC ADR 48581R205   22,028,114 207,832 SH   SOLE   207,832 0 0
KB Financial Group Inc. (ADR) ADR 48241A105   10,099,521 163,555 SH   SOLE   163,555 0 0
Novartis AG (ADR) ADR 66987V109   259,021,379 2,251,968 SH   SOLE   1,528,061 0 723,907
Petroleo Brasileiro SA (ADR) ADR 71654V408   36,048,515 2,501,632 SH   SOLE   1,849,237 0 652,395
Rio Tinto PLC (ADR) ADR 767204100   63,792,703 896,343 SH   SOLE   737,367 0 158,975
Sanofi (ADR) ADR 80105N105   16,743,542 290,535 SH   SOLE   164,967 0 125,568
Shell PLC (ADR) ADR 780259305   29,527,809 447,730 SH   SOLE   247,288 0 200,442
Suzano SA (ADR) ADR 86959K105   164,650 16,465 SH   SOLE   16,465 0 0
Taiwan Semiconductor Manufactu ADR 874039100   53,179,664 306,211 SH   SOLE   306,211 0 0
TotalEnergies SE (ADR) ADR 89151E109   26,931,361 416,765 SH   SOLE   308,455 0 108,310
Toyota Motor Corp. (ADR) ADR 892331307   22,662,506 126,911 SH   SOLE   73,336 0 53,575
Unilever PLC (ADR) ADR 904767704   178,072,726 2,741,267 SH   SOLE   1,940,129 0 801,138