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 607 34,350 SH   SOLE   34,350 0 0
Abbott Labs COM 002824100 5,639 140,200 SH   SOLE   140,200 0 0
Abbvie Inc COM 00287y109 8,978 165,000 SH   SOLE   165,000 0 0
Aberdeen Asset Management PLC COM 00300a104 208 22,925 SH   SOLE   22,925 0 0
Accenture PLC CL A COM g1151c101 4,172 42,455 SH   SOLE   42,455 0 0
Activision Blizzard Inc COM 00507v109 6,280 203,293 SH   SOLE   203,293 0 0
Adobe Systems COM 00724f101 9,206 111,969 SH   SOLE   111,969 0 0
Aegon NV ADR COM 007924103 58 10,100 SH   SOLE   10,100 0 0
Air Products & Chemicals, Inc. COM 009158106 3,362 26,350 SH   SOLE   26,350 0 0
Akamai Technologies Inc. COM 00971t101 7,248 104,950 SH   SOLE   104,950 0 0
Alcatel-Lucent ADR COM 013904305 66 18,000 SH   SOLE   18,000 0 0
Alcentra Capital Corp COM 01374t102 549 47,331 SH   SOLE   47,331 0 0
Alibaba Group Holdings COM 01609w102 4,006 67,930 SH   SOLE   67,930 0 0
Allegheny Technologies Inc. COM 01741r102 1,272 89,725 SH   SOLE   89,725 0 0
Allergan PLC COM g0177j108 6,844 25,180 SH   SOLE   25,180 0 0
AllianceBernstein Holding LP COM 01881G106 261 9,800 SH   SOLE   9,800 0 0
Allstate Corp COM 020002101 2,485 42,675 SH   SOLE   42,675 0 0
Alphabet Inc Class A COM 02079k305 16,262 25,475 SH   SOLE   25,475 0 0
Alphabet Inc Class C COM 02079k107 15,540 25,542 SH   SOLE   25,542 0 0
Altria Group, Inc. COM 02209s103 18,206 334,675 SH   SOLE   334,675 0 0
Amazon.com, Inc. COM 023135106 6,079 11,875 SH   SOLE   11,875 0 0
Ambev SA ADR COM 02319v103 570 116,250 SH   SOLE   116,250 0 0
Amdocs Ltd COM G02602103 4,631 81,425 SH   SOLE   81,425 0 0
Amedisys Inc. COM 023436108 239 6,285 SH   SOLE   6,285 0 0
America Movil SA de CV ADR COM 02364w105 448 27,050 SH   SOLE   27,050 0 0
American Electric Power COM 025537101 3,714 65,325 SH   SOLE   65,325 0 0
American Express COM 025816109 9,958 134,325 SH   SOLE   134,325 0 0
American States Water Co COM 029899101 1,366 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 4,861 80,500 SH   SOLE   80,500 0 0
Anheuser-Busch COM 03524a108 8,654 81,400 SH   SOLE   81,400 0 0
Anthem Inc COM 036752103 9,674 69,100 SH   SOLE   69,100 0 0
Apache Corp COM 037411105 2,325 59,375 SH   SOLE   59,375 0 0
Apollo Global Management LLC COM 037612306 827 48,150 SH   SOLE   48,150 0 0
Apple Inc COM 037833100 48,662 441,175 SH   SOLE   441,175 0 0
Applied Materials Inc. COM 038222105 257 17,500 SH   SOLE   17,500 0 0
Ares Capital Corp COM 04010L103 887 61,275 SH   SOLE   61,275 0 0
Arlington Asset Investment Cor COM 041356205 186 13,228 SH   SOLE   13,228 0 0
Arthur J. Gallagher & Co. COM 363576109 5,589 135,400 SH   SOLE   135,400 0 0
AstraZeneca Group PLC ADR COM 046353108 838 26,350 SH   SOLE   26,350 0 0
AT&T Inc. COM 00206R102 17,604 540,323 SH   SOLE   540,323 0 0
Atmos Energy Corp. COM 049560105 2,900 49,850 SH   SOLE   49,850 0 0
Aviva PLC ADR COM 05382a104 258 18,800 SH   SOLE   18,800 0 0
AXA SA ADR COM 054536107 635 26,300 SH   SOLE   26,300 0 0
Baidu.com COM 056752108 416 3,025 SH   SOLE   3,025 0 0
Baker Hughes COM 057224107 656 12,597 SH   SOLE   12,597 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 894 106,836 SH   SOLE   106,836 0 0
Banco de Chile ADR COM 059520106 292 4,650 SH   SOLE   4,650 0 0
Banco Santander Central Hispan COM 05964h105 309 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 9,835 251,207 SH   SOLE   251,207 0 0
Barclays PLC ADR COM 06738e204 511 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,102 14,450 SH   SOLE   14,450 0 0
Baxalta Inc COM 07177m103 1,345 42,700 SH   SOLE   42,700 0 0
Baxter International, Inc. COM 071813109 1,403 42,700 SH   SOLE   42,700 0 0
BB&T Corporation COM 054937107 3,400 95,500 SH   SOLE   95,500 0 0
Becton Dickinson and Co COM 075887109 945 7,121 SH   SOLE   7,121 0 0
Bed Bath & Beyond Inc. COM 075896100 5,454 95,650 SH   SOLE   95,650 0 0
BG Group Plc ADR COM 055434203 1,152 80,000 SH   SOLE   80,000 0 0
BHP Billiton Ltd. ADR COM 088606108 711 22,475 SH   SOLE   22,475 0 0
Blackstone Group LP COM 09253u108 5,778 182,450 SH   SOLE   182,450 0 0
Block H&R COM 093671105 9,181 253,625 SH   SOLE   253,625 0 0
Boardwalk Pipeline Partners L. COM 096627104 858 72,900 SH   SOLE   72,900 0 0
Boeing Company COM 097023105 17,259 131,800 SH   SOLE   131,800 0 0
Boston Properties Inc COM 101121101 1,220 10,300 SH   SOLE   10,300 0 0
Boston Scientific COM 101137107 217 13,200 SH   SOLE   13,200 0 0
BP plc ADR COM 055622104 2,541 83,150 SH   SOLE   83,150 0 0
British American Tob SP ADR COM 110448107 1,346 12,225 SH   SOLE   12,225 0 0
Broadcom Corp COM 111320107 5,770 112,200 SH   SOLE   112,200 0 0
BT Group PLC ADR COM 05577e101 1,179 18,500 SH   SOLE   18,500 0 0
California Water Service Group COM 130788102 602 27,200 SH   SOLE   27,200 0 0
Calpine Corp COM 131347304 2,320 158,875 SH   SOLE   158,875 0 0
Cameron International Corp COM 13342B105 4,726 77,075 SH   SOLE   77,075 0 0
Canon Inc. ADR COM 138006309 715 24,675 SH   SOLE   24,675 0 0
Capital One Financial COM 14040H105 6,068 83,675 SH   SOLE   83,675 0 0
Carlyle Group COM 14309l102 621 36,950 SH   SOLE   36,950 0 0
Carrizo Oil & Gas Inc COM 144577103 2,374 77,750 SH   SOLE   77,750 0 0
Caterpillar Inc. COM 149123101 3,069 46,950 SH   SOLE   46,950 0 0
CBS Corp. COM 124857202 4,521 113,300 SH   SOLE   113,300 0 0
Celanese Corp COM 150870103 2,272 38,400 SH   SOLE   38,400 0 0
Celgene Corp. COM 151020104 23,874 220,710 SH   SOLE   220,710 0 0
Cemex SAB de CV ADR COM 151290889 113 16,171 SH   SOLE   16,171 0 0
Charles Schwab Corp. COM 808513105 8,140 285,000 SH   SOLE   285,000 0 0
Chart Industries Inc COM 16115q308 1,381 71,900 SH   SOLE   71,900 0 0
Chemours Co The COM 163851108 223 34,524 SH   SOLE   34,524 0 0
Chesapeake Energy Corp COM 165167107 822 112,150 SH   SOLE   112,150 0 0
Chevron Corp. COM 166764100 13,414 170,060 SH   SOLE   170,060 0 0
Church & Dwight Co. COM 171340102 8,105 96,600 SH   SOLE   96,600 0 0
Cincinnati Financial COM 172062101 780 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243v102 2,680 82,500 SH   SOLE   82,500 0 0
Cisco Systems COM 17275R102 14,456 550,700 SH   SOLE   550,700 0 0
CIT Group COM 125581801 1,433 35,800 SH   SOLE   35,800 0 0
Citigroup Inc. COM 172967424 9,484 191,175 SH   SOLE   191,175 0 0
CK Hutchison Holdings Limited COM 12562y100 1,232 94,694 SH   SOLE   94,694 0 0
Cliffs Natural Resources Inc COM 18683k101 29 11,750 SH   SOLE   11,750 0 0
CMS Energy Corp. COM 125896100 5,071 143,575 SH   SOLE   143,575 0 0
Coca-Cola COM 191216100 975 24,300 SH   SOLE   24,300 0 0
Cogent Communications Holding COM 19239v302 3,713 136,720 SH   SOLE   136,720 0 0
Cognizant Tech Solutions Corp. COM 192446102 4,657 74,377 SH   SOLE   74,377 0 0
Columbia Pipeline Group COM 198280109 3,187 174,250 SH   SOLE   174,250 0 0
Columbia Sportswear Co COM 198516106 4,733 80,500 SH   SOLE   80,500 0 0
Comerica, Inc. COM 200340107 781 19,000 SH   SOLE   19,000 0 0
Communications Sales & Leasing COM 20341j104 1,560 87,132 SH   SOLE   87,132 0 0
Commvault Systems COM 204166102 2,293 67,515 SH   SOLE   67,515 0 0
Companhia Vale do Rio Doce ADR COM 91912e105 59 14,150 SH   SOLE   14,150 0 0
Constellation Brands COM 21036p108 8,824 70,475 SH   SOLE   70,475 0 0
Continental Resources Inc COM 212015101 2,568 88,650 SH   SOLE   88,650 0 0
Cooper Tire & Rubber Co. COM 216831107 869 22,000 SH   SOLE   22,000 0 0
Corning Inc. COM 219350105 4,497 262,700 SH   SOLE   262,700 0 0
Costco Co. COM 22160k105 6,141 42,475 SH   SOLE   42,475 0 0
Cracker Barrel Old Country Sto COM 22410j106 1,436 9,750 SH   SOLE   9,750 0 0
CTRIP.COM International ADR COM 22943F100 354 5,600 SH   SOLE   5,600 0 0
Cummins Inc COM 231021106 4,210 38,775 SH   SOLE   38,775 0 0
CVS Health Corp COM 126650100 13,295 137,804 SH   SOLE   137,804 0 0
Daimler AG ADR COM D1668R123 1,180 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 13,962 163,850 SH   SOLE   163,850 0 0
Danone ADR COM 23636t100 466 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 9,606 140,150 SH   SOLE   140,150 0 0
Davita Healthcare Partners Inc COM 23918K108 6,868 94,950 SH   SOLE   94,950 0 0
DCP Midstream Partners LP COM 23311p100 890 36,800 SH   SOLE   36,800 0 0
DDR Corp COM 23317h102 221 14,351 SH   SOLE   14,351 0 0
Deutsche Bank ADR COM D18190898 240 8,900 SH   SOLE   8,900 0 0
Deutsche Post AG ADR COM 25157y202 277 10,000 SH   SOLE   10,000 0 0
Deutsche Telekom AG ADR COM 251566105 1,080 60,900 SH   SOLE   60,900 0 0
Diageo PLC ADR COM 25243q205 1,221 11,325 SH   SOLE   11,325 0 0
Diamond Offshore Drilling COM 25271c102 438 25,300 SH   SOLE   25,300 0 0
Diebold Inc COM 253651103 1,140 38,300 SH   SOLE   38,300 0 0
Digital Realty COM 253868103 1,489 22,800 SH   SOLE   22,800 0 0
Dollar General COM 256677105 5,254 72,525 SH   SOLE   72,525 0 0
Dominion Resources COM 25746u109 3,925 55,775 SH   SOLE   55,775 0 0
Donnelley (R.R.) & Sons COM 257867101 392 26,900 SH   SOLE   26,900 0 0
Dr. Pepper Snapple Group, Inc COM 26138e109 436 5,520 SH   SOLE   5,520 0 0
Du Pont (E.I.) De Nemours & Co COM 263534109 5,766 119,629 SH   SOLE   119,629 0 0
Duke Energy Corp. COM 26441C204 6,845 95,146 SH   SOLE   95,146 0 0
Duke Realty Corp. COM 264411505 1,423 74,700 SH   SOLE   74,700 0 0
Edgewell Personal Care Co COM 28035q102 5,322 65,225 SH   SOLE   65,225 0 0
Edison Int'l COM 281020107 2,469 39,140 SH   SOLE   39,140 0 0
EMC Corp. COM 268648102 2,706 112,018 SH   SOLE   112,018 0 0
Emerge Energy Services LP COM 29102h108 92 13,550 SH   SOLE   13,550 0 0
Enable Midstream Partners LP COM 292480100 612 48,400 SH   SOLE   48,400 0 0
Enbridge Energy Partners LP COM 29250r106 2,470 99,900 SH   SOLE   99,900 0 0
Endo International PLC COM G30401106 7,936 114,550 SH   SOLE   114,550 0 0
Energizer Holdings Inc COM 29272w109 2,525 65,225 SH   SOLE   65,225 0 0
ENI SPA ADR COM 26874r108 705 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 2,077 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875p101 6,374 87,550 SH   SOLE   87,550 0 0
Equity Residential Properties COM 29476l107 3,854 51,300 SH   SOLE   51,300 0 0
Ericsson ADR COM 294821608 911 93,200 SH   SOLE   93,200 0 0
Essex Property Trust Inc COM 297178105 4,487 20,085 SH   SOLE   20,085 0 0
Ethan Allen Interiors Inc. COM 297602104 240 9,100 SH   SOLE   9,100 0 0
Exact Sciences Corp COM 30063P105 2,982 165,750 SH   SOLE   165,750 0 0
Express COM 30219e103 2,043 114,325 SH   SOLE   114,325 0 0
Express Scripts Holding Compan COM 30219g108 6,416 79,250 SH   SOLE   79,250 0 0
Exxon Mobil Corp. COM 30231g102 24,478 329,224 SH   SOLE   329,224 0 0
F5 Networks Inc. COM 315616102 3,995 34,500 SH   SOLE   34,500 0 0
Facebook Inc COM 30303M102 8,139 90,536 SH   SOLE   90,536 0 0
Fedex Corp. COM 31428x106 4,647 32,275 SH   SOLE   32,275 0 0
Fifth Street Finance Corp COM 31678a103 637 103,250 SH   SOLE   103,250 0 0
Fifth Third Bancorp COM 316773100 3,411 180,400 SH   SOLE   180,400 0 0
Flowserve Corp. COM 34354P105 5,079 123,450 SH   SOLE   123,450 0 0
FMC Technologies Inc COM 30249U101 2,427 78,275 SH   SOLE   78,275 0 0
Fomento Economico Mexicana-SP COM 344419106 638 7,150 SH   SOLE   7,150 0 0
Ford Motor Co. COM 345370860 3,892 286,800 SH   SOLE   286,800 0 0
Freeport-McMoRan Inc COM 35671d857 1,372 141,600 SH   SOLE   141,600 0 0
Frontier Communications Corp COM 35906a108 2,363 497,398 SH   SOLE   497,398 0 0
Garmin Ltd COM H2906T109 700 19,500 SH   SOLE   19,500 0 0
General Electric Co. COM 369604103 22,168 879,000 SH   SOLE   879,000 0 0
General Growth Properties COM 370023103 476 18,331 SH   SOLE   18,331 0 0
General Motors Inc COM 37045v100 3,341 111,300 SH   SOLE   111,300 0 0
Genuine Parts Co. COM 372460105 2,611 31,500 SH   SOLE   31,500 0 0
Gilead Science Inc COM 375558103 24,003 244,450 SH   SOLE   244,450 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,267 32,950 SH   SOLE   32,950 0 0
Goldman Sachs Group COM 38141g104 10,261 59,050 SH   SOLE   59,050 0 0
Goodyear Tire & Rubber Company COM 382550101 6,607 225,275 SH   SOLE   225,275 0 0
Grifols SA ADR COM 398438408 329 10,825 SH   SOLE   10,825 0 0
Grupo Televisa SA ADR COM 40049j206 284 10,925 SH   SOLE   10,925 0 0
Halliburton Co. COM 406216101 5,336 150,950 SH   SOLE   150,950 0 0
Harman International Industrie COM 413086109 1,017 10,600 SH   SOLE   10,600 0 0
HCP Inc COM 40414L109 2,276 61,100 SH   SOLE   61,100 0 0
Hellenic Telecom Organization COM 423325307 175 40,100 SH   SOLE   40,100 0 0
Hess Corporation COM 42809h107 2,750 54,925 SH   SOLE   54,925 0 0
Hitachi Ltd. ADR COM 433578507 477 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 783 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 21,932 189,900 SH   SOLE   189,900 0 0
Home Properties Inc COM 437306103 1,344 17,975 SH   SOLE   17,975 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,558 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 11,121 117,450 SH   SOLE   117,450 0 0
HSBC Holdings ADR COM 404280406 542 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 1,092 15,300 SH   SOLE   15,300 0 0
Icon PLC ADR COM G4705A100 525 7,400 SH   SOLE   7,400 0 0
Imperva Inc COM 45321L100 3,521 53,775 SH   SOLE   53,775 0 0
Infineon Technologies ADR COM 45662n103 413 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,970 155,600 SH   SOLE   155,600 0 0
Ing Groep NV ADR COM 456837103 222 15,700 SH   SOLE   15,700 0 0
Ingenico Group COM 45684w107 445 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 11,270 373,910 SH   SOLE   373,910 0 0
International Business Machine COM 459200101 4,711 32,497 SH   SOLE   32,497 0 0
Intesa Sanpaolo ADR COM 46115h107 230 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM g491bt108 6,026 192,950 SH   SOLE   192,950 0 0
Itau Unibanco Holding SA ADR COM 465562106 200 30,189 SH   SOLE   30,189 0 0
Johnson & Johnson COM 478160104 21,183 226,925 SH   SOLE   226,925 0 0
Johnson Controls, Inc. COM 478366107 6,004 145,175 SH   SOLE   145,175 0 0
Joy Global Inc. COM 481165108 575 38,500 SH   SOLE   38,500 0 0
JPMorgan Chase & Co. COM 46625h100 21,090 345,907 SH   SOLE   345,907 0 0
Kamada Ltd ADR COM m6240t109 61 17,750 SH   SOLE   17,750 0 0
Kasikornbank PCL ADR COM 485785109 244 12,954 SH   SOLE   12,954 0 0
Kellogg Co. COM 487836108 2,449 36,800 SH   SOLE   36,800 0 0
Kennametal Inc. COM 489170100 406 16,300 SH   SOLE   16,300 0 0
Kimco Realty Corp. COM 49446r109 2,081 85,175 SH   SOLE   85,175 0 0
Kinder Morgan Inc. COM 49456b101 3,873 139,937 SH   SOLE   139,937 0 0
Kingfisher PLC ADR COM 495724403 282 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 435 33,300 SH   SOLE   33,300 0 0
KKR & Co LP COM 48248m102 861 51,300 SH   SOLE   51,300 0 0
Koninklijke KPN NV ADR COM 780641205 56 15,000 SH   SOLE   15,000 0 0
Kraft Heinz Co The COM 500754106 464 6,575 SH   SOLE   6,575 0 0
Kubota Corp-Spon ADR COM 501173207 333 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 10,095 112,000 SH   SOLE   112,000 0 0
Lamar Advertising Co COM 512816109 1,070 20,500 SH   SOLE   20,500 0 0
Leggett & Platt COM 524660107 1,403 34,000 SH   SOLE   34,000 0 0
Lexington Realty Trust COM 529043101 264 32,562 SH   SOLE   32,562 0 0
Liberty Property Trust COM 531172104 1,925 61,100 SH   SOLE   61,100 0 0
Lilly (Eli) & Co. COM 532457108 14,964 178,800 SH   SOLE   178,800 0 0
Linear Technology Corp. COM 535678106 1,705 42,250 SH   SOLE   42,250 0 0
Logitech International SA ADR COM H50430232 551 42,020 SH   SOLE   42,020 0 0
Lowe's Co. COM 548661107 16,617 241,100 SH   SOLE   241,100 0 0
Luxottica Group SPA ADR COM 55068r202 499 7,200 SH   SOLE   7,200 0 0
Lyondellbassel Industries N.V. COM N53745100 3,100 37,185 SH   SOLE   37,185 0 0
Macerich Co. COM 554382101 1,668 21,719 SH   SOLE   21,719 0 0
Mack-Cali Realty Corp. COM 554489104 491 26,000 SH   SOLE   26,000 0 0
Mallinckrodt PLC COM g5785g107 643 10,050 SH   SOLE   10,050 0 0
Marsh & McLennan Companies, In COM 571748102 13,149 251,800 SH   SOLE   251,800 0 0
Mattel Inc. COM 577081102 3,858 183,200 SH   SOLE   183,200 0 0
Maxim Integrated Products, Inc COM 57772k101 5,200 155,675 SH   SOLE   155,675 0 0
McCormick & Co. COM 579780206 7,238 88,075 SH   SOLE   88,075 0 0
McDonald's Corp. COM 580135101 8,717 88,475 SH   SOLE   88,475 0 0
Mckesson HBOC Inc. COM 58155q103 2,669 14,425 SH   SOLE   14,425 0 0
Medtronic Inc COM g5960l103 5,147 76,883 SH   SOLE   76,883 0 0
Mercadolibre Inc ADR COM 58733r102 526 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933y105 12,782 258,800 SH   SOLE   258,800 0 0
Metlife Inc COM 59156R108 7,274 154,275 SH   SOLE   154,275 0 0
Michael Kors Holdings COM G60754101 1,378 32,625 SH   SOLE   32,625 0 0
Micron Technology Inc. COM 595112103 1,465 97,770 SH   SOLE   97,770 0 0
Microsoft Corp COM 594918104 29,833 674,041 SH   SOLE   674,041 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,501 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 319 1,425 SH   SOLE   1,425 0 0
Molson Coors Brewing Company COM 60871r209 7,879 94,900 SH   SOLE   94,900 0 0
Mondelez International Inc COM 609207105 826 19,727 SH   SOLE   19,727 0 0
Monsanto Co. COM 61166w101 3,998 46,850 SH   SOLE   46,850 0 0
Morgan Stanley, Dean Witter, D COM 617446448 6,379 202,500 SH   SOLE   202,500 0 0
Mylan NV COM n59465109 8,286 205,800 SH   SOLE   205,800 0 0
National Fuel Gas Co. COM 636180101 450 9,000 SH   SOLE   9,000 0 0
National Oilwell Varco Inc COM 637071101 2,745 72,900 SH   SOLE   72,900 0 0
Netflix Inc COM 64110l106 2,840 27,505 SH   SOLE   27,505 0 0
New York Community Bancorp COM 649445103 2,419 133,925 SH   SOLE   133,925 0 0
Newell Rubbermaid Inc. COM 651229106 238 6,000 SH   SOLE   6,000 0 0
NextEra Energy Inc COM 65339f101 4,079 41,816 SH   SOLE   41,816 0 0
NICE Systems Ltd ADR COM 653656108 391 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 2,219 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 3,232 174,250 SH   SOLE   174,250 0 0
Norsk Hydro ASA ADR COM 656531605 66 20,000 SH   SOLE   20,000 0 0
Northen Tier Energy LP COM 665826103 1,069 46,900 SH   SOLE   46,900 0 0
Northrop Grumman Corp. COM 666807102 8,310 50,075 SH   SOLE   50,075 0 0
Novartis ADR COM 66987v109 3,089 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 3,363 62,000 SH   SOLE   62,000 0 0
NRG Energy, Inc. COM 629377508 1,469 98,925 SH   SOLE   98,925 0 0
Occidental Petroleum COM 674599105 5,163 78,050 SH   SOLE   78,050 0 0
Oracle Corp. COM 68389x105 9,186 254,324 SH   SOLE   254,324 0 0
Orange SA ADR COM 684060106 499 33,000 SH   SOLE   33,000 0 0
Owens-Illinois Inc COM 690768403 773 37,300 SH   SOLE   37,300 0 0
Palo Alto Networks Inc COM 697435105 3,081 17,910 SH   SOLE   17,910 0 0
Panasonic Corp ADR COM 69832a205 625 62,200 SH   SOLE   62,200 0 0
Park National COM 700658107 244 2,700 SH   SOLE   2,700 0 0
Parker Hannifin COM 701094104 817 8,400 SH   SOLE   8,400 0 0
Patterson-UTI Energy COM 703481101 1,451 110,455 SH   SOLE   110,455 0 0
Pepco Holdings, Inc. COM 713291102 2,086 86,109 SH   SOLE   86,109 0 0
PepsiCo, Inc. COM 713448108 11,990 127,150 SH   SOLE   127,150 0 0
Petroleo Brasileiro SA ADR COM 71654v408 71 16,400 SH   SOLE   16,400 0 0
Pfizer, Inc. COM 717081103 17,421 554,624 SH   SOLE   554,624 0 0
Philip Morris International In COM 718172109 3,030 38,200 SH   SOLE   38,200 0 0
Pinnacle West Capital COM 723484101 827 12,900 SH   SOLE   12,900 0 0
Pitney Bowes Inc. COM 724479100 397 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 1,732 57,000 SH   SOLE   57,000 0 0
PNC Financial Services Group COM 693475105 13,802 154,734 SH   SOLE   154,734 0 0
Polaris Industries COM 731068102 1,678 14,000 SH   SOLE   14,000 0 0
Potash Corp of Saskatchewan In COM 73755L107 518 25,200 SH   SOLE   25,200 0 0
PPG Industries, Inc. COM 693506107 846 9,650 SH   SOLE   9,650 0 0
PPL Corp. COM 69351t106 2,394 72,800 SH   SOLE   72,800 0 0
Prada SPA ADR COM 73942h100 238 31,100 SH   SOLE   31,100 0 0
Praxair, Inc. COM 74005P104 3,703 36,350 SH   SOLE   36,350 0 0
Principal Financial Group COM 74251V102 9,747 205,900 SH   SOLE   205,900 0 0
Procter & Gamble, Inc. COM 742718109 20,007 278,100 SH   SOLE   278,100 0 0
Prospect Capital Corp COM 74348t102 669 93,825 SH   SOLE   93,825 0 0
Prudential Financial, Inc. COM 744320102 13,643 179,025 SH   SOLE   179,025 0 0
PTC Inc COM 69370c100 2,950 92,950 SH   SOLE   92,950 0 0
Public Service Enterprise Grou COM 744573106 1,627 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 10,840 201,750 SH   SOLE   201,750 0 0
Quest Diagnostics Inc COM 74834L100 670 10,900 SH   SOLE   10,900 0 0
Regal Entertainment Group - A COM 758766109 3,352 179,325 SH   SOLE   179,325 0 0
Regions Financial Corp. COM 7591EP100 168 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 136 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169b102 2,141 126,100 SH   SOLE   126,100 0 0
Reynolds American Inc COM 761713106 4,451 100,548 SH   SOLE   100,548 0 0
RingCentral Inc COM 76680r206 2,083 114,775 SH   SOLE   114,775 0 0
Rio Tinto Plc ADR COM 767204100 494 14,600 SH   SOLE   14,600 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 963 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 7,677 93,800 SH   SOLE   93,800 0 0
Royal Dutch Shell PLC ADR COM 780259206 1,893 39,950 SH   SOLE   39,950 0 0
Ryder Systems, Inc. COM 783549108 622 8,400 SH   SOLE   8,400 0 0
Sandisk Corp. COM 80004c101 1,983 36,500 SH   SOLE   36,500 0 0
Sanofi ADR COM 80105n105 1,870 39,400 SH   SOLE   39,400 0 0
Santos Limited ADR COM 803021708 125 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 1,348 20,800 SH   SOLE   20,800 0 0
Scana Corp COM 80589M102 1,271 22,596 SH   SOLE   22,596 0 0
Schlumberger Ltd. COM 806857108 9,128 132,350 SH   SOLE   132,350 0 0
Schneider Electric SE ADR COM 80687p106 232 20,775 SH   SOLE   20,775 0 0
Sealed Air Corp. COM 81211k100 3,823 81,550 SH   SOLE   81,550 0 0
Sensata Technologies Holding A COM N7902X106 549 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762p102 3,879 55,851 SH   SOLE   55,851 0 0
Shinhan Financial Grp ADR COM 824596100 327 9,400 SH   SOLE   9,400 0 0
Ship Finance Intl Ltd COM g81075106 1,133 69,700 SH   SOLE   69,700 0 0
Simon Property Group, Inc. COM 828806109 2,439 13,277 SH   SOLE   13,277 0 0
Singapore Telecom-SP ADR COM 82929R304 851 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 620 25,300 SH   SOLE   25,300 0 0
Southern Co. COM 842587107 571 12,774 SH   SOLE   12,774 0 0
Spectra Energy Corp COM 847560109 2,079 79,150 SH   SOLE   79,150 0 0
Spectra Energy Partners LP COM 84756n109 810 20,150 SH   SOLE   20,150 0 0
Starbucks Corp. COM 855244109 6,292 110,700 SH   SOLE   110,700 0 0
Starwood Hotels & Resorts Inc. COM 85590A401 6,488 97,600 SH   SOLE   97,600 0 0
State Street Corp. COM 857477103 7,365 109,575 SH   SOLE   109,575 0 0
Statoil ASA ADR COM 85771P102 251 17,242 SH   SOLE   17,242 0 0
Subsea 7 Sa ADR COM 864323100 179 23,900 SH   SOLE   23,900 0 0
Superior Energy Services Inc. COM 868157108 1,267 100,350 SH   SOLE   100,350 0 0
Swisscom AG ADR COM 871013108 378 7,600 SH   SOLE   7,600 0 0
Syngenta AG ADR COM 87160a100 552 8,650 SH   SOLE   8,650 0 0
Synopsys Inc. COM 871607107 780 16,900 SH   SOLE   16,900 0 0
Syntel, Inc. COM 87162H103 532 11,750 SH   SOLE   11,750 0 0
Taiwan Semiconductor Manufactu COM 874039100 1,212 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612e106 13,024 165,575 SH   SOLE   165,575 0 0
Taro Pharmaceutical Indus COM m8737e108 296 2,075 SH   SOLE   2,075 0 0
TDK Corp. ADR COM 872351408 219 3,900 SH   SOLE   3,900 0 0
Telecom Italia ADR COM 87927y102 232 18,880 SH   SOLE   18,880 0 0
Telefonica SA ADR COM 879382208 589 48,883 SH   SOLE   48,883 0 0
Telenor ASA ADR COM 87944W105 503 9,000 SH   SOLE   9,000 0 0
Tessera Technologies Inc. COM 88164L100 4,719 145,600 SH   SOLE   145,600 0 0
Teva Pharmaceutical Industries COM 881624209 922 16,325 SH   SOLE   16,325 0 0
Texas Instruments COM 882508104 5,208 105,167 SH   SOLE   105,167 0 0
The Travelers Companies, Inc. COM 89417E109 16,000 160,751 SH   SOLE   160,751 0 0
Thermo Fisher Scientific Inc COM 883556102 8,064 65,950 SH   SOLE   65,950 0 0
Tiffany & Co. COM 886547108 3,427 44,375 SH   SOLE   44,375 0 0
Timken Co COM 887389104 429 15,600 SH   SOLE   15,600 0 0
Tokio Marine Holdings Inc ADR COM 889094108 899 24,250 SH   SOLE   24,250 0 0
Total SA ADR COM 89151e109 1,538 34,400 SH   SOLE   34,400 0 0
Toyota Motor Corp. ADR COM 892331307 4,199 35,800 SH   SOLE   35,800 0 0
Transcanada Pipelines Ltd COM 89353d107 1,221 38,650 SH   SOLE   38,650 0 0
Tupperware Brands Corp COM 899896104 1,613 32,600 SH   SOLE   32,600 0 0
Twenty First Century Fox Inc COM 90130a101 3,357 124,425 SH   SOLE   124,425 0 0
Two Harbors Investment Corp COM 90187b101 900 102,000 SH   SOLE   102,000 0 0
U.S. Bancorp COM 902973304 11,319 276,017 SH   SOLE   276,017 0 0
UBS Group AG COM h42097107 502 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 1,494 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 5,137 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 13,744 118,475 SH   SOLE   118,475 0 0
United Parcel Services Cl B COM 911312106 10,170 103,050 SH   SOLE   103,050 0 0
United Technologies COM 913017109 9,068 101,900 SH   SOLE   101,900 0 0
Varian Medical Systems Inc COM 92220P105 4,740 64,250 SH   SOLE   64,250 0 0
Verizon Communications Inc COM 92343v104 13,240 304,290 SH   SOLE   304,290 0 0
Visa Inc COM 92826c839 5,285 75,868 SH   SOLE   75,868 0 0
Vodafone Group PLC ADR COM 92857w308 897 28,265 SH   SOLE   28,265 0 0
Volvo AB ADR COM 928856400 209 21,875 SH   SOLE   21,875 0 0
Vulcan Materials COM 929160109 2,399 26,900 SH   SOLE   26,900 0 0
Waddell & Reed Financial, Inc. COM 930059100 626 18,000 SH   SOLE   18,000 0 0
Wal-Mart COM 931142103 10,530 162,400 SH   SOLE   162,400 0 0
Walgreens Boots Alliance Inc COM 931427108 8,748 105,275 SH   SOLE   105,275 0 0
Walt Disney Co. COM 254687106 27,686 270,900 SH   SOLE   270,900 0 0
Weingarten Realty Investors COM 948741103 965 29,150 SH   SOLE   29,150 0 0
Wells Fargo Co. COM 949746101 18,455 359,393 SH   SOLE   359,393 0 0
Welltower Inc COM 95040q104 1,988 29,350 SH   SOLE   29,350 0 0
Western Gas Partners COM 958254104 466 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 3,201 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 2,458 66,700 SH   SOLE   66,700 0 0
Windstream Holdings Inc COM 97382a200 446 72,618 SH   SOLE   72,618 0 0
WNS Holdings LTD COM 92932m101 3,219 115,175 SH   SOLE   115,175 0 0
WPP PLC ADR COM 92937a102 614 5,900 SH   SOLE   5,900 0 0
Wright Medical Group NV COM n96617118 421 20,650 SH   SOLE   20,650 0 0
Zoetis COM 98978v103 3,545 86,075 SH   SOLE   86,075 0 0
Wisdomtree Emerging Markets Hi COM 97717w315 5,282 157,775 SH   SOLE   157,775 0 0