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
Estimated average burden
hours per response: 23.8
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
ABB Ltd-Spon ADR COM 000375204 667 34,350 SH   SOLE   34,350 0 0
Abbott Labs COM 002824100 5,843 139,690 SH   SOLE   139,690 0 0
Abbvie Inc COM 00287y109 9,396 164,490 SH   SOLE   164,490 0 0
Aberdeen Asset Management PLC COM 00300a104 182 22,925 SH   SOLE   22,925 0 0
Accenture PLC CL A COM g1151c101 4,877 42,260 SH   SOLE   42,260 0 0
Activision Blizzard Inc COM 00507v109 4,420 130,623 SH   SOLE   130,623 0 0
Adobe Systems COM 00724f101 7,340 78,254 SH   SOLE   78,254 0 0
Aegon NV ADR COM 007924103 56 10,100 SH   SOLE   10,100 0 0
Air Products & Chemicals, Inc. COM 009158106 3,782 26,255 SH   SOLE   26,255 0 0
Akamai Technologies Inc. COM 00971t101 5,813 104,600 SH   SOLE   104,600 0 0
Alcentra Capital Corp COM 01374t102 550 47,331 SH   SOLE   47,331 0 0
Alibaba Group Holdings COM 01609w102 5,346 67,640 SH   SOLE   67,640 0 0
Allegheny Technologies Inc. COM 01741r102 1,458 89,440 SH   SOLE   89,440 0 0
Allergan PLC COM g0177j108 6,722 25,080 SH   SOLE   25,080 0 0
AllianceBernstein Holding LP COM 01881G106 230 9,800 SH   SOLE   9,800 0 0
Allstate Corp COM 020002101 2,865 42,525 SH   SOLE   42,525 0 0
Alphabet Inc Class A COM 02079k305 19,378 25,400 SH   SOLE   25,400 0 0
Alphabet Inc Class C COM 02079k107 18,972 25,467 SH   SOLE   25,467 0 0
Altria Group, Inc. COM 02209s103 20,911 333,725 SH   SOLE   333,725 0 0
Amazon.com, Inc. COM 023135106 10,991 18,515 SH   SOLE   18,515 0 0
Ambev SA ADR COM 02319v103 602 116,250 SH   SOLE   116,250 0 0
Amdocs Ltd COM G02602103 4,902 81,125 SH   SOLE   81,125 0 0
Amedisys Inc. COM 023436108 304 6,285 SH   SOLE   6,285 0 0
America Movil SA de CV ADR COM 02364w105 420 27,050 SH   SOLE   27,050 0 0
American Campus Communities COM 024835100 3,075 65,300 SH   SOLE   65,300 0 0
American Electric Power COM 025537101 4,324 65,115 SH   SOLE   65,115 0 0
American Express COM 025816109 8,014 130,525 SH   SOLE   130,525 0 0
American States Water Co COM 029899101 1,299 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 3,735 80,200 SH   SOLE   80,200 0 0
Anheuser-Busch COM 03524a108 10,119 81,170 SH   SOLE   81,170 0 0
Anthem Inc COM 036752103 9,585 68,960 SH   SOLE   68,960 0 0
Apache Corp COM 037411105 2,884 59,090 SH   SOLE   59,090 0 0
Apollo Global Management LLC COM 037612306 824 48,150 SH   SOLE   48,150 0 0
Apple Inc COM 037833100 47,943 439,880 SH   SOLE   439,880 0 0
Applied Materials Inc. COM 038222105 371 17,500 SH   SOLE   17,500 0 0
Ares Capital Corp COM 04010L103 909 61,275 SH   SOLE   61,275 0 0
Arlington Asset Investment Cor COM 041356205 166 13,228 SH   SOLE   13,228 0 0
Arthur J. Gallagher & Co. COM 363576109 6,016 135,250 SH   SOLE   135,250 0 0
AstraZeneca Group PLC ADR COM 046353108 742 26,350 SH   SOLE   26,350 0 0
AT&T Inc. COM 00206R102 21,094 538,528 SH   SOLE   538,528 0 0
Atmos Energy Corp. COM 049560105 3,669 49,405 SH   SOLE   49,405 0 0
Aviva PLC ADR COM 05382a104 246 18,800 SH   SOLE   18,800 0 0
AXA SA ADR COM 054536107 620 26,300 SH   SOLE   26,300 0 0
Baidu.com COM 056752108 577 3,025 SH   SOLE   3,025 0 0
Baker Hughes COM 057224107 552 12,597 SH   SOLE   12,597 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 689 105,716 SH   SOLE   105,716 0 0
Banco de Chile ADR COM 059520106 300 4,650 SH   SOLE   4,650 0 0
Banco Santander Central Hispan COM 05964h105 255 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 9,231 250,647 SH   SOLE   250,647 0 0
Barclays PLC ADR COM 06738e204 298 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,092 14,450 SH   SOLE   14,450 0 0
Baxalta Inc COM 07177m103 1,720 42,580 SH   SOLE   42,580 0 0
BB&T Corporation COM 054937107 3,167 95,190 SH   SOLE   95,190 0 0
Becton Dickinson and Co COM 075887109 1,077 7,091 SH   SOLE   7,091 0 0
Bed Bath & Beyond Inc. COM 075896100 4,735 95,385 SH   SOLE   95,385 0 0
BHP Billiton Ltd. ADR COM 088606108 582 22,475 SH   SOLE   22,475 0 0
Biomarin Pharmaceutical Inc COM 09061g101 2,317 28,095 SH   SOLE   28,095 0 0
Blackstone Group LP COM 09253u108 5,081 181,129 SH   SOLE   181,129 0 0
Block H&R COM 093671105 6,674 252,615 SH   SOLE   252,615 0 0
Bloomin Brands Inc COM 094235108 3,126 185,325 SH   SOLE   185,325 0 0
Boardwalk Pipeline Partners L. COM 096627104 1,072 72,700 SH   SOLE   72,700 0 0
Boeing Company COM 097023105 16,686 131,450 SH   SOLE   131,450 0 0
Boston Properties Inc COM 101121101 1,301 10,240 SH   SOLE   10,240 0 0
Boston Scientific COM 101137107 248 13,200 SH   SOLE   13,200 0 0
BP plc ADR COM 055622104 2,509 83,150 SH   SOLE   83,150 0 0
British American Tob SP ADR COM 110448107 1,429 12,225 SH   SOLE   12,225 0 0
Broadcom Ltd COM y09827109 7,565 48,967 SH   SOLE   48,967 0 0
BT Group PLC ADR COM 05577e101 1,187 37,000 SH   SOLE   37,000 0 0
California Water Service Group COM 130788102 727 27,200 SH   SOLE   27,200 0 0
Calpine Corp COM 131347304 2,403 158,375 SH   SOLE   158,375 0 0
Cameron International Corp COM 13342B105 5,154 76,875 SH   SOLE   76,875 0 0
Canadian Solar Inc COM 136635109 2,073 107,495 SH   SOLE   107,495 0 0
Canon Inc. ADR COM 138006309 736 24,675 SH   SOLE   24,675 0 0
Capital One Financial COM 14040H105 5,800 83,675 SH   SOLE   83,675 0 0
Carlyle Group COM 14309l102 624 36,950 SH   SOLE   36,950 0 0
Carrizo Oil & Gas Inc COM 144577103 2,394 77,410 SH   SOLE   77,410 0 0
Caterpillar Inc. COM 149123101 3,581 46,785 SH   SOLE   46,785 0 0
CBS Corp. COM 124857202 6,223 112,960 SH   SOLE   112,960 0 0
Celgene Corp. COM 151020104 22,034 220,145 SH   SOLE   220,145 0 0
Cemex SAB de CV ADR COM 151290889 118 16,171 SH   SOLE   16,171 0 0
Charles Schwab Corp. COM 808513105 7,969 284,400 SH   SOLE   284,400 0 0
Chart Industries Inc COM 16115q308 1,557 71,680 SH   SOLE   71,680 0 0
Chesapeake Energy Corp COM 165167107 444 107,650 SH   SOLE   107,650 0 0
Chevron Corp. COM 166764100 16,175 169,545 SH   SOLE   169,545 0 0
Church & Dwight Co. COM 171340102 8,875 96,280 SH   SOLE   96,280 0 0
Cincinnati Financial COM 172062101 948 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243v102 2,924 81,610 SH   SOLE   81,610 0 0
Cisco Systems COM 17275R102 15,646 549,550 SH   SOLE   549,550 0 0
CIT Group COM 125581801 1,111 35,800 SH   SOLE   35,800 0 0
Citigroup Inc. COM 172967424 7,951 190,455 SH   SOLE   190,455 0 0
CK Hutchison Holdings Limited COM 12562y100 1,234 94,694 SH   SOLE   94,694 0 0
Cliffs Natural Resources Inc COM 18683k101 35 11,750 SH   SOLE   11,750 0 0
CMS Energy Corp. COM 125896100 6,077 143,185 SH   SOLE   143,185 0 0
Coca-Cola COM 191216100 1,127 24,300 SH   SOLE   24,300 0 0
Cogent Communications Holding COM 19239v302 5,318 136,255 SH   SOLE   136,255 0 0
Cognizant Tech Solutions Corp. COM 192446102 4,655 74,242 SH   SOLE   74,242 0 0
Columbia Pipeline Group COM 198280109 595 23,700 SH   SOLE   23,700 0 0
Columbia Sportswear Co COM 198516106 4,819 80,200 SH   SOLE   80,200 0 0
Comerica, Inc. COM 200340107 720 19,000 SH   SOLE   19,000 0 0
Communications Sales & Leasing COM 20341j104 1,880 84,512 SH   SOLE   84,512 0 0
Companhia Vale do Rio Doce ADR COM 91912e105 60 14,150 SH   SOLE   14,150 0 0
Constellation Brands COM 21036p108 10,610 70,225 SH   SOLE   70,225 0 0
Continental Resources Inc COM 212015101 2,682 88,355 SH   SOLE   88,355 0 0
Cooper Tire & Rubber Co. COM 216831107 814 22,000 SH   SOLE   22,000 0 0
Corning Inc. COM 219350105 5,478 262,230 SH   SOLE   262,230 0 0
Costco Co. COM 22160k105 6,669 42,320 SH   SOLE   42,320 0 0
Cracker Barrel Old Country Sto COM 22410j106 1,489 9,750 SH   SOLE   9,750 0 0
Crown Castle International Cor COM 22822V101 5,870 67,865 SH   SOLE   67,865 0 0
CTRIP.COM International ADR COM 22943F100 496 11,200 SH   SOLE   11,200 0 0
Cummins Inc COM 231021106 4,248 38,640 SH   SOLE   38,640 0 0
CVS Health Corp COM 126650100 14,243 137,304 SH   SOLE   137,304 0 0
Daimler AG ADR COM D1668R123 1,245 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 15,514 163,550 SH   SOLE   163,550 0 0
Danone ADR COM 23636t100 527 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 9,260 139,670 SH   SOLE   139,670 0 0
Davita Healthcare Partners Inc COM 23918K108 6,960 94,850 SH   SOLE   94,850 0 0
DCP Midstream Partners LP COM 23311p100 1,002 36,800 SH   SOLE   36,800 0 0
DDR Corp COM 23317h102 252 14,186 SH   SOLE   14,186 0 0
Deutsche Post AG ADR COM 25157y202 278 10,000 SH   SOLE   10,000 0 0
Deutsche Telekom AG ADR COM 251566105 1,095 60,900 SH   SOLE   60,900 0 0
Diageo PLC ADR COM 25243q205 1,222 11,325 SH   SOLE   11,325 0 0
Diamond Offshore Drilling COM 25271c102 550 25,300 SH   SOLE   25,300 0 0
Diebold Inc COM 253651103 1,107 38,300 SH   SOLE   38,300 0 0
Digital Realty COM 253868103 2,018 22,800 SH   SOLE   22,800 0 0
Dollar General COM 256677105 6,189 72,300 SH   SOLE   72,300 0 0
Dominion Resources COM 25746u109 4,179 55,625 SH   SOLE   55,625 0 0
Donnelley (R.R.) & Sons COM 257867101 441 26,900 SH   SOLE   26,900 0 0
Dr. Pepper Snapple Group, Inc COM 26138e109 494 5,520 SH   SOLE   5,520 0 0
Du Pont (E.I.) De Nemours & Co COM 263534109 7,551 119,249 SH   SOLE   119,249 0 0
Duke Energy Corp. COM 26441C204 7,647 94,781 SH   SOLE   94,781 0 0
Duke Realty Corp. COM 264411505 1,684 74,700 SH   SOLE   74,700 0 0
Eagle Materials Inc COM 26969P108 3,047 43,465 SH   SOLE   43,465 0 0
Edison Int'l COM 281020107 2,806 39,025 SH   SOLE   39,025 0 0
EMC Corp. COM 268648102 2,973 111,568 SH   SOLE   111,568 0 0
Emerge Energy Services LP COM 29102h108 67 13,550 SH   SOLE   13,550 0 0
Enable Midstream Partners LP COM 292480100 414 48,400 SH   SOLE   48,400 0 0
Enbridge Energy Partners LP COM 29250r106 1,824 99,540 SH   SOLE   99,540 0 0
Endo International PLC COM G30401106 3,222 114,470 SH   SOLE   114,470 0 0
ENI SPA ADR COM 26874r108 679 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 2,053 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875p101 6,333 87,250 SH   SOLE   87,250 0 0
EPR Properties COM 26884u109 3,003 45,080 SH   SOLE   45,080 0 0
Equity Residential Properties COM 29476l107 3,838 51,150 SH   SOLE   51,150 0 0
Ericsson ADR COM 294821608 935 93,200 SH   SOLE   93,200 0 0
Essex Property Trust Inc COM 297178105 4,677 20,000 SH   SOLE   20,000 0 0
Ethan Allen Interiors Inc. COM 297602104 242 7,600 SH   SOLE   7,600 0 0
Exact Sciences Corp COM 30063P105 1,113 165,120 SH   SOLE   165,120 0 0
Express COM 30219e103 2,438 113,875 SH   SOLE   113,875 0 0
Express Scripts Holding Compan COM 30219g108 5,289 77,000 SH   SOLE   77,000 0 0
Exxon Mobil Corp. COM 30231g102 27,445 328,329 SH   SOLE   328,329 0 0
F5 Networks Inc. COM 315616102 3,640 34,385 SH   SOLE   34,385 0 0
Facebook Inc COM 30303M102 16,961 148,651 SH   SOLE   148,651 0 0
Fedex Corp. COM 31428x106 5,234 32,165 SH   SOLE   32,165 0 0
Fifth Street Finance Corp COM 31678a103 518 103,250 SH   SOLE   103,250 0 0
Fifth Third Bancorp COM 316773100 3,001 179,810 SH   SOLE   179,810 0 0
Flowserve Corp. COM 34354P105 5,466 123,075 SH   SOLE   123,075 0 0
FMC Technologies Inc COM 30249U101 2,136 78,070 SH   SOLE   78,070 0 0
Fomento Economico Mexicana-SP COM 344419106 689 7,150 SH   SOLE   7,150 0 0
Ford Motor Co. COM 345370860 3,857 285,695 SH   SOLE   285,695 0 0
Four Corners Property Trust In COM 35086t109 1,107 61,647 SH   SOLE   61,647 0 0
Freeport-McMoRan Inc COM 35671d857 1,459 141,110 SH   SOLE   141,110 0 0
Frontier Communications Corp COM 35906a108 2,705 483,823 SH   SOLE   483,823 0 0
G-III Apparel Group LTD COM 36237h101 2,830 57,875 SH   SOLE   57,875 0 0
Garmin Ltd COM H2906T109 779 19,500 SH   SOLE   19,500 0 0
General Electric Co. COM 369604103 27,876 876,875 SH   SOLE   876,875 0 0
General Growth Properties COM 370023103 540 18,176 SH   SOLE   18,176 0 0
General Motors Inc COM 37045v100 3,485 110,870 SH   SOLE   110,870 0 0
Genuine Parts Co. COM 372460105 2,951 29,700 SH   SOLE   29,700 0 0
Gilead Science Inc COM 375558103 22,407 243,925 SH   SOLE   243,925 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,336 32,950 SH   SOLE   32,950 0 0
Goldman Sachs Group COM 38141g104 9,246 58,900 SH   SOLE   58,900 0 0
Grifols SA ADR COM 398438408 335 21,650 SH   SOLE   21,650 0 0
Grupo Televisa SA ADR COM 40049j206 300 10,925 SH   SOLE   10,925 0 0
Halliburton Co. COM 406216101 5,375 150,470 SH   SOLE   150,470 0 0
Harman International Industrie COM 413086109 855 9,600 SH   SOLE   9,600 0 0
HCP Inc COM 40414L109 1,985 60,940 SH   SOLE   60,940 0 0
Hellenic Telecom Organization COM 423325307 182 40,100 SH   SOLE   40,100 0 0
Hess Corporation COM 42809h107 2,881 54,725 SH   SOLE   54,725 0 0
Hitachi Ltd. ADR COM 433578507 445 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 690 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 25,266 189,360 SH   SOLE   189,360 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,424 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 13,131 117,190 SH   SOLE   117,190 0 0
Horizon Pharma Plc COM g4617b105 2,281 137,650 SH   SOLE   137,650 0 0
Host Hotels & Resorts Inc. COM 44107P104 7,599 455,005 SH   SOLE   455,005 0 0
HSBC Holdings ADR COM 404280406 445 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 1,289 15,300 SH   SOLE   15,300 0 0
Icon PLC ADR COM G4705A100 556 7,400 SH   SOLE   7,400 0 0
Imperva Inc COM 45321L100 2,705 53,570 SH   SOLE   53,570 0 0
Infineon Technologies ADR COM 45662n103 525 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,960 155,600 SH   SOLE   155,600 0 0
Ing Groep NV ADR COM 456837103 187 15,700 SH   SOLE   15,700 0 0
Ingenico Group COM 45684w107 425 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 12,061 372,830 SH   SOLE   372,830 0 0
International Business Machine COM 459200101 4,909 32,412 SH   SOLE   32,412 0 0
Intesa Sanpaolo ADR COM 46115h107 181 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM g491bt108 5,924 192,515 SH   SOLE   192,515 0 0
Iron Mountain Inc. COM 46284V101 7,253 213,885 SH   SOLE   213,885 0 0
Itau Unibanco Holding SA ADR COM 465562106 259 30,189 SH   SOLE   30,189 0 0
Johnson & Johnson COM 478160104 24,478 226,225 SH   SOLE   226,225 0 0
Johnson Controls, Inc. COM 478366107 5,502 141,175 SH   SOLE   141,175 0 0
Joy Global Inc. COM 481165108 617 38,390 SH   SOLE   38,390 0 0
JPMorgan Chase & Co. COM 46625h100 20,440 345,157 SH   SOLE   345,157 0 0
Kamada Ltd ADR COM m6240t109 68 17,750 SH   SOLE   17,750 0 0
Kasikornbank PCL ADR COM 485785109 255 12,954 SH   SOLE   12,954 0 0
Kellogg Co. COM 487836108 2,803 36,620 SH   SOLE   36,620 0 0
Kennametal Inc. COM 489170100 367 16,300 SH   SOLE   16,300 0 0
Kimco Realty Corp. COM 49446r109 2,431 84,475 SH   SOLE   84,475 0 0
Kinder Morgan Inc. COM 49456b101 2,495 139,702 SH   SOLE   139,702 0 0
Kingfisher PLC ADR COM 495724403 282 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 468 33,300 SH   SOLE   33,300 0 0
KKR & Co LP COM 48248m102 754 51,300 SH   SOLE   51,300 0 0
Koninklijke KPN NV ADR COM 780641205 63 15,000 SH   SOLE   15,000 0 0
Koninklijke Philips NV ADR COM 500472303 243 8,500 SH   SOLE   8,500 0 0
Kraft Heinz Co The COM 500754106 509 6,475 SH   SOLE   6,475 0 0
Kubota Corp-Spon ADR COM 501173207 333 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 9,342 106,390 SH   SOLE   106,390 0 0
Lamar Advertising Co COM 512816109 1,261 20,500 SH   SOLE   20,500 0 0
Leggett & Platt COM 524660107 1,646 34,000 SH   SOLE   34,000 0 0
Lexington Realty Trust COM 529043101 280 32,562 SH   SOLE   32,562 0 0
Liberty Property Trust COM 531172104 2,009 60,040 SH   SOLE   60,040 0 0
Lilly (Eli) & Co. COM 532457108 12,844 178,370 SH   SOLE   178,370 0 0
Linear Technology Corp. COM 535678106 1,794 40,250 SH   SOLE   40,250 0 0
Logitech International SA ADR COM H50430232 669 42,020 SH   SOLE   42,020 0 0
Lowe's Co. COM 548661107 18,208 240,370 SH   SOLE   240,370 0 0
Luxottica Group SPA ADR COM 55068r202 396 7,200 SH   SOLE   7,200 0 0
Lyondellbassel Industries N.V. COM N53745100 3,171 37,050 SH   SOLE   37,050 0 0
Macerich Co. COM 554382101 1,716 21,659 SH   SOLE   21,659 0 0
Mack-Cali Realty Corp. COM 554489104 611 26,000 SH   SOLE   26,000 0 0
Mallinckrodt PLC COM g5785g107 610 9,957 SH   SOLE   9,957 0 0
Marsh & McLennan Companies, In COM 571748102 15,292 251,560 SH   SOLE   251,560 0 0
Mattel Inc. COM 577081102 6,138 182,570 SH   SOLE   182,570 0 0
Maxim Integrated Products, Inc COM 57772k101 5,597 152,175 SH   SOLE   152,175 0 0
McCormick & Co. COM 579780206 8,733 87,785 SH   SOLE   87,785 0 0
McDonald's Corp. COM 580135101 11,081 88,165 SH   SOLE   88,165 0 0
Mckesson HBOC Inc. COM 58155q103 2,260 14,370 SH   SOLE   14,370 0 0
Medtronic Inc COM g5960l103 5,761 76,813 SH   SOLE   76,813 0 0
Mercadolibre Inc ADR COM 58733r102 681 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933y105 13,645 257,890 SH   SOLE   257,890 0 0
Metlife Inc COM 59156R108 6,760 153,835 SH   SOLE   153,835 0 0
Michael Kors Holdings COM G60754101 1,851 32,505 SH   SOLE   32,505 0 0
Micron Technology Inc. COM 595112103 1,021 97,505 SH   SOLE   97,505 0 0
Microsoft Corp COM 594918104 37,142 672,491 SH   SOLE   672,491 0 0
Minerals Technologies Inc COM 603158106 2,930 51,540 SH   SOLE   51,540 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,132 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 328 1,425 SH   SOLE   1,425 0 0
Mohawk Industries Inc. COM 608190104 3,473 18,195 SH   SOLE   18,195 0 0
Molson Coors Brewing Company COM 60871r209 9,102 94,630 SH   SOLE   94,630 0 0
Mondelez International Inc COM 609207105 779 19,427 SH   SOLE   19,427 0 0
Monsanto Co. COM 61166w101 4,101 46,740 SH   SOLE   46,740 0 0
Morgan Stanley, Dean Witter, D COM 617446448 5,050 201,900 SH   SOLE   201,900 0 0
Mylan NV COM n59465109 9,521 205,425 SH   SOLE   205,425 0 0
National Fuel Gas Co. COM 636180101 450 9,000 SH   SOLE   9,000 0 0
National Oilwell Varco Inc COM 637071101 2,261 72,705 SH   SOLE   72,705 0 0
Netflix Inc COM 64110l106 2,802 27,405 SH   SOLE   27,405 0 0
New York Community Bancorp COM 649445103 2,112 132,800 SH   SOLE   132,800 0 0
Newell Brands Inc COM 651229106 266 6,000 SH   SOLE   6,000 0 0
NextEra Energy Inc COM 65339f101 4,933 41,681 SH   SOLE   41,681 0 0
NICE Systems Ltd ADR COM 653656108 450 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 2,718 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 4,084 173,330 SH   SOLE   173,330 0 0
Norsk Hydro ASA ADR COM 656531605 82 20,000 SH   SOLE   20,000 0 0
Northen Tier Energy LP COM 665826103 1,105 46,900 SH   SOLE   46,900 0 0
Northrop Grumman Corp. COM 666807102 9,872 49,885 SH   SOLE   49,885 0 0
Novartis ADR COM 66987v109 2,434 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 3,360 62,000 SH   SOLE   62,000 0 0
NRG Energy, Inc. COM 629377508 1,281 98,485 SH   SOLE   98,485 0 0
Occidental Petroleum COM 674599105 5,327 77,840 SH   SOLE   77,840 0 0
Oracle Corp. COM 68389x105 10,370 253,484 SH   SOLE   253,484 0 0
Orange SA ADR COM 684060106 574 33,000 SH   SOLE   33,000 0 0
Owens-Illinois Inc COM 690768403 593 37,180 SH   SOLE   37,180 0 0
Palo Alto Networks Inc COM 697435105 2,910 17,840 SH   SOLE   17,840 0 0
Panasonic Corp ADR COM 69832a205 572 62,200 SH   SOLE   62,200 0 0
Park National COM 700658107 243 2,700 SH   SOLE   2,700 0 0
Parker Hannifin COM 701094104 933 8,400 SH   SOLE   8,400 0 0
Patterson-UTI Energy COM 703481101 1,939 110,040 SH   SOLE   110,040 0 0
PepsiCo, Inc. COM 713448108 13,004 126,890 SH   SOLE   126,890 0 0
Petroleo Brasileiro SA ADR COM 71654v408 96 16,400 SH   SOLE   16,400 0 0
Pfizer, Inc. COM 717081103 16,399 553,264 SH   SOLE   553,264 0 0
Philip Morris International In COM 718172109 3,705 37,760 SH   SOLE   37,760 0 0
Pinnacle West Capital COM 723484101 959 12,770 SH   SOLE   12,770 0 0
Pitney Bowes Inc. COM 724479100 431 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 1,191 56,815 SH   SOLE   56,815 0 0
PNC Financial Services Group COM 693475105 13,060 154,434 SH   SOLE   154,434 0 0
Polaris Industries COM 731068102 1,379 14,000 SH   SOLE   14,000 0 0
Potash Corp of Saskatchewan In COM 73755L107 429 25,200 SH   SOLE   25,200 0 0
PPG Industries, Inc. COM 693506107 1,076 9,650 SH   SOLE   9,650 0 0
PPL Corp. COM 69351t106 2,754 72,330 SH   SOLE   72,330 0 0
Prada SPA ADR COM 73942h100 214 31,100 SH   SOLE   31,100 0 0
Principal Financial Group COM 74251V102 8,106 205,480 SH   SOLE   205,480 0 0
Procter & Gamble, Inc. COM 742718109 22,829 277,350 SH   SOLE   277,350 0 0
Prologis Trust COM 74340w103 6,399 144,845 SH   SOLE   144,845 0 0
Prospect Capital Corp COM 74348t102 682 93,825 SH   SOLE   93,825 0 0
Prudential Financial, Inc. COM 744320102 12,900 178,625 SH   SOLE   178,625 0 0
PTC Inc COM 69370c100 3,070 92,590 SH   SOLE   92,590 0 0
Public Service Enterprise Grou COM 744573106 1,820 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 7,942 155,303 SH   SOLE   155,303 0 0
Quest Diagnostics Inc COM 74834L100 775 10,850 SH   SOLE   10,850 0 0
RackSpace Hosting Inc COM 750086100 3,210 148,695 SH   SOLE   148,695 0 0
Red Hat Inc. COM 756577102 3,216 43,160 SH   SOLE   43,160 0 0
Regal Entertainment Group - A COM 758766109 3,766 178,150 SH   SOLE   178,150 0 0
Regions Financial Corp. COM 7591EP100 146 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 132 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169b102 2,542 125,710 SH   SOLE   125,710 0 0
Reynolds American Inc COM 761713106 5,059 100,548 SH   SOLE   100,548 0 0
RingCentral Inc COM 76680r206 1,801 114,360 SH   SOLE   114,360 0 0
Rio Tinto Plc ADR COM 767204100 413 14,600 SH   SOLE   14,600 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 905 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 8,629 93,580 SH   SOLE   93,580 0 0
Royal Dutch Shell PLC ADR COM 780259206 1,936 39,950 SH   SOLE   39,950 0 0
Ryder Systems, Inc. COM 783549108 544 8,400 SH   SOLE   8,400 0 0
Salesforce.com Inc COM 79466L302 4,674 63,314 SH   SOLE   63,314 0 0
Sandisk Corp. COM 80004c101 2,777 36,500 SH   SOLE   36,500 0 0
Sanofi ADR COM 80105n105 1,582 39,400 SH   SOLE   39,400 0 0
Santos Limited ADR COM 803021708 139 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 1,673 20,800 SH   SOLE   20,800 0 0
Scana Corp COM 80589M102 1,568 22,346 SH   SOLE   22,346 0 0
Schlumberger Ltd. COM 806857108 9,733 131,975 SH   SOLE   131,975 0 0
Schneider Electric SE ADR COM 80687p106 263 20,775 SH   SOLE   20,775 0 0
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Sensata Technologies Holding A COM N7902X106 481 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762p102 1,754 28,671 SH   SOLE   28,671 0 0
Shinhan Financial Grp ADR COM 824596100 331 9,400 SH   SOLE   9,400 0 0
Ship Finance Intl Ltd COM g81075106 968 69,700 SH   SOLE   69,700 0 0
Simon Property Group, Inc. COM 828806109 2,736 13,172 SH   SOLE   13,172 0 0
Singapore Telecom-SP ADR COM 82929R304 954 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 651 25,300 SH   SOLE   25,300 0 0
Southern Co. COM 842587107 661 12,774 SH   SOLE   12,774 0 0
Spectra Energy Corp COM 847560109 2,401 78,460 SH   SOLE   78,460 0 0
Spectra Energy Partners LP COM 84756n109 970 20,150 SH   SOLE   20,150 0 0
Starbucks Corp. COM 855244109 6,584 110,290 SH   SOLE   110,290 0 0
Starwood Hotels & Resorts Inc. COM 85590A401 7,851 94,100 SH   SOLE   94,100 0 0
State Street Corp. COM 857477103 6,401 109,375 SH   SOLE   109,375 0 0
Statoil ASA ADR COM 85771P102 268 17,242 SH   SOLE   17,242 0 0
Subsea 7 Sa ADR COM 864323100 181 23,900 SH   SOLE   23,900 0 0
Superior Energy Services Inc. COM 868157108 1,339 99,970 SH   SOLE   99,970 0 0
Swisscom AG ADR COM 871013108 415 7,600 SH   SOLE   7,600 0 0
Syngenta AG ADR COM 87160a100 716 8,650 SH   SOLE   8,650 0 0
Synopsys Inc. COM 871607107 819 16,900 SH   SOLE   16,900 0 0
Syntel, Inc. COM 87162H103 587 11,750 SH   SOLE   11,750 0 0
Taiwan Semiconductor Manufactu COM 874039100 1,530 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612e106 13,582 165,075 SH   SOLE   165,075 0 0
Taro Pharmaceutical Indus COM m8737e108 297 2,075 SH   SOLE   2,075 0 0
TDK Corp. ADR COM 872351408 217 3,900 SH   SOLE   3,900 0 0
Telecom Italia ADR COM 87927y102 204 18,880 SH   SOLE   18,880 0 0
Telefonica SA ADR COM 879382208 546 49,018 SH   SOLE   49,018 0 0
Telenor ASA ADR COM 87944W105 437 27,000 SH   SOLE   27,000 0 0
Tessera Technologies Inc. COM 88164L100 4,501 145,190 SH   SOLE   145,190 0 0
Teva Pharmaceutical Industries COM 881624209 874 16,325 SH   SOLE   16,325 0 0
Texas Instruments COM 882508104 6,021 104,852 SH   SOLE   104,852 0 0
The Travelers Companies, Inc. COM 89417E109 18,696 160,191 SH   SOLE   160,191 0 0
Thermo Fisher Scientific Inc COM 883556102 9,295 65,650 SH   SOLE   65,650 0 0
Tiffany & Co. COM 886547108 3,244 44,215 SH   SOLE   44,215 0 0
Timken Co COM 887389104 522 15,600 SH   SOLE   15,600 0 0
Tokio Marine Holdings Inc ADR COM 889094108 820 24,250 SH   SOLE   24,250 0 0
Total SA ADR COM 89151e109 1,562 34,400 SH   SOLE   34,400 0 0
Toyota Motor Corp. ADR COM 892331307 3,806 35,800 SH   SOLE   35,800 0 0
Transcanada Pipelines Ltd COM 89353d107 1,510 38,405 SH   SOLE   38,405 0 0
Tupperware Brands Corp COM 899896104 1,890 32,600 SH   SOLE   32,600 0 0
Twenty First Century Fox Inc COM 90130a101 3,456 123,945 SH   SOLE   123,945 0 0
Two Harbors Investment Corp COM 90187b101 810 102,000 SH   SOLE   102,000 0 0
U.S. Bancorp COM 902973304 11,181 275,467 SH   SOLE   275,467 0 0
UBS Group AG COM h42097107 434 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 1,655 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 4,622 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 15,239 118,225 SH   SOLE   118,225 0 0
United Parcel Services Cl B COM 911312106 10,832 102,700 SH   SOLE   102,700 0 0
United Technologies COM 913017109 10,179 101,690 SH   SOLE   101,690 0 0
Verizon Communications Inc COM 92343v104 16,408 303,410 SH   SOLE   303,410 0 0
Visa Inc COM 92826c839 5,789 75,698 SH   SOLE   75,698 0 0
Vodafone Group PLC ADR COM 92857w308 906 28,265 SH   SOLE   28,265 0 0
Volvo AB ADR COM 928856400 191 21,875 SH   SOLE   21,875 0 0
Vulcan Materials COM 929160109 2,830 26,810 SH   SOLE   26,810 0 0
Waddell & Reed Financial, Inc. COM 930059100 424 18,000 SH   SOLE   18,000 0 0
Wal-Mart COM 931142103 11,090 161,920 SH   SOLE   161,920 0 0
Walgreens Boots Alliance Inc COM 931427108 8,837 104,905 SH   SOLE   104,905 0 0
Walt Disney Co. COM 254687106 26,834 270,200 SH   SOLE   270,200 0 0
Weingarten Realty Investors COM 948741103 3,544 94,465 SH   SOLE   94,465 0 0
Wells Fargo Co. COM 949746101 17,342 358,593 SH   SOLE   358,593 0 0
Welltower Inc COM 95040q104 2,023 29,180 SH   SOLE   29,180 0 0
Western Gas Partners COM 958254104 432 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 3,536 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 1,072 66,700 SH   SOLE   66,700 0 0
Windstream Holdings Inc COM 97382a200 541 70,435 SH   SOLE   70,435 0 0
WNS Holdings LTD COM 92932m101 3,529 115,175 SH   SOLE   115,175 0 0
WPP PLC ADR COM 92937a102 687 5,900 SH   SOLE   5,900 0 0
Wright Medical Group NV COM n96617118 343 20,650 SH   SOLE   20,650 0 0
Zoetis COM 98978v103 3,803 85,795 SH   SOLE   85,795 0 0
Wisdomtree Emerging Markets Hi COM 97717w315 5,495 157,775 SH   SOLE   157,775 0 0