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 727 34,350 SH   SOLE   34,350 0 0
Abbott Labs COM 002824100 6,495 140,200 SH   SOLE   140,200 0 0
Abbvie Inc COM 00287y109 9,659 165,000 SH   SOLE   165,000 0 0
Actavis PLC COM g0083b108 7,494 25,181 SH   SOLE   25,181 0 0
Activision Blizzard Inc COM 00507v109 4,633 203,858 SH   SOLE   203,858 0 0
Adobe Systems COM 00724f101 8,279 111,969 SH   SOLE   111,969 0 0
Aegon NV ADR COM 007924103 80 10,100 SH   SOLE   10,100 0 0
Air Products & Chemicals, Inc. COM 009158106 3,986 26,350 SH   SOLE   26,350 0 0
Akamai Technologies Inc. COM 00971t101 7,456 104,950 SH   SOLE   104,950 0 0
Alcatel-Lucent ADR COM 013904305 67 18,000 SH   SOLE   18,000 0 0
Alcentra Capital Corp COM 01374t102 630 47,331 SH   SOLE   47,331 0 0
Alibaba Group Holdings COM 01609w102 5,654 67,930 SH   SOLE   67,930 0 0
Allegheny Technologies Inc. COM 01741r102 2,693 89,725 SH   SOLE   89,725 0 0
AllianceBernstein Holding LP COM 01881G106 303 9,800 SH   SOLE   9,800 0 0
Altria Group, Inc. COM 02209s103 16,740 334,675 SH   SOLE   334,675 0 0
Ambev SA ADR COM 02319v103 670 116,250 SH   SOLE   116,250 0 0
Amdocs Ltd COM G02602103 4,430 81,425 SH   SOLE   81,425 0 0
America Movil SA de CV ADR COM 02364w105 553 27,050 SH   SOLE   27,050 0 0
American Express COM 025816109 10,493 134,325 SH   SOLE   134,325 0 0
American States Water Co COM 029899101 1,316 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 7,790 94,075 SH   SOLE   94,075 0 0
Anheuser-Busch COM 03524a108 9,923 81,400 SH   SOLE   81,400 0 0
Anthem Inc COM 036752103 10,670 69,100 SH   SOLE   69,100 0 0
Apache Corp COM 037411105 3,582 59,375 SH   SOLE   59,375 0 0
Apollo Global Management LLC COM 037612306 1,040 48,150 SH   SOLE   48,150 0 0
Apple Inc COM 037833100 54,895 441,175 SH   SOLE   441,175 0 0
Applied Materials Inc. COM 038222105 395 17,500 SH   SOLE   17,500 0 0
Ares Capital Corp COM 04010L103 1,052 61,275 SH   SOLE   61,275 0 0
Arlington Asset Investment Cor COM 041356205 318 13,228 SH   SOLE   13,228 0 0
Arthur J. Gallagher & Co. COM 363576109 6,330 135,400 SH   SOLE   135,400 0 0
AstraZeneca Group PLC ADR COM 046353108 902 13,175 SH   SOLE   13,175 0 0
AT&T Inc. COM 00206R102 14,089 431,528 SH   SOLE   431,528 0 0
Atmos Energy Corp. COM 049560105 2,757 49,850 SH   SOLE   49,850 0 0
AXA SA ADR COM 054536107 663 26,300 SH   SOLE   26,300 0 0
Baker Hughes COM 057224107 6,266 98,550 SH   SOLE   98,550 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 1,072 106,836 SH   SOLE   106,836 0 0
Banco Santander Central Hispan COM 05964h105 436 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 10,109 251,207 SH   SOLE   251,207 0 0
Barclays PLC ADR COM 06738e204 504 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,436 14,450 SH   SOLE   14,450 0 0
Baxter International, Inc. COM 071813109 2,925 42,700 SH   SOLE   42,700 0 0
BB&T Corporation COM 054937107 3,724 95,500 SH   SOLE   95,500 0 0
Becton Dickinson and Co COM 075887109 1,023 7,121 SH   SOLE   7,121 0 0
Bed Bath & Beyond Inc. COM 075896100 7,344 95,650 SH   SOLE   95,650 0 0
BG Group Plc ADR COM 055434203 985 80,000 SH   SOLE   80,000 0 0
BHP Billiton Ltd. ADR COM 088606108 1,044 22,475 SH   SOLE   22,475 0 0
Blackstone Group LP COM 09253u108 7,095 182,450 SH   SOLE   182,450 0 0
Block H&R COM 093671105 8,134 253,625 SH   SOLE   253,625 0 0
Boardwalk Pipeline Partners L. COM 096627104 1,174 72,900 SH   SOLE   72,900 0 0
Boeing Company COM 097023105 19,781 131,800 SH   SOLE   131,800 0 0
Boston Properties Inc COM 101121101 1,447 10,300 SH   SOLE   10,300 0 0
Boston Scientific COM 101137107 234 13,200 SH   SOLE   13,200 0 0
BP plc ADR COM 055622104 3,252 83,150 SH   SOLE   83,150 0 0
British American Tob SP ADR COM 110448107 1,269 12,225 SH   SOLE   12,225 0 0
Broadcom Corp COM 111320107 4,858 112,200 SH   SOLE   112,200 0 0
BT Group PLC ADR COM 05577e101 1,206 18,500 SH   SOLE   18,500 0 0
California Resources Corp COM 13057q107 238 31,220 SH   SOLE   31,220 0 0
California Water Service Group COM 130788102 667 27,200 SH   SOLE   27,200 0 0
Calpine Corp COM 131347304 3,633 158,875 SH   SOLE   158,875 0 0
Cameron International Corp COM 13342B105 3,493 77,425 SH   SOLE   77,425 0 0
Canon Inc. ADR COM 138006309 873 24,675 SH   SOLE   24,675 0 0
Capital One Financial COM 14040H105 6,595 83,675 SH   SOLE   83,675 0 0
Carlyle Group COM 14309l102 1,001 36,950 SH   SOLE   36,950 0 0
Carrizo Oil & Gas Inc COM 144577103 3,860 77,750 SH   SOLE   77,750 0 0
Caterpillar Inc. COM 149123101 3,757 46,950 SH   SOLE   46,950 0 0
CBS Corp. COM 124857202 6,869 113,300 SH   SOLE   113,300 0 0
Celanese Corp COM 150870103 2,145 38,400 SH   SOLE   38,400 0 0
Celgene Corp. COM 151020104 25,443 220,710 SH   SOLE   220,710 0 0
Cemex SAB de CV ADR COM 151290889 147 15,552 SH   SOLE   15,552 0 0
CenturyLink Inc. COM 156700106 1,424 41,223 SH   SOLE   41,223 0 0
Charles Schwab Corp. COM 808513105 8,675 285,000 SH   SOLE   285,000 0 0
Chart Industries Inc COM 16115q308 2,522 71,900 SH   SOLE   71,900 0 0
Chesapeake Energy Corp COM 165167107 1,588 112,150 SH   SOLE   112,150 0 0
Cheung Kong Limited ADR COM 166744201 840 41,000 SH   SOLE   41,000 0 0
Chevron Corp. COM 166764100 17,853 170,060 SH   SOLE   170,060 0 0
Church & Dwight Co. COM 171340102 8,252 96,600 SH   SOLE   96,600 0 0
Cincinnati Financial COM 172062101 773 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243v102 3,718 82,500 SH   SOLE   82,500 0 0
Cisco Systems COM 17275R102 15,158 550,700 SH   SOLE   550,700 0 0
CIT Group COM 125581801 1,615 35,800 SH   SOLE   35,800 0 0
Citigroup Inc. COM 172967424 9,849 191,175 SH   SOLE   191,175 0 0
Citrix Systems Inc COM 177376100 4,603 72,075 SH   SOLE   72,075 0 0
Cliffs Natural Resources Inc COM 18683k101 57 11,750 SH   SOLE   11,750 0 0
CMS Energy Corp. COM 125896100 5,012 143,575 SH   SOLE   143,575 0 0
Coca-Cola COM 191216100 985 24,300 SH   SOLE   24,300 0 0
Cognizant Tech Solutions Corp. COM 192446102 4,640 74,377 SH   SOLE   74,377 0 0
Columbia Sportswear Co COM 198516106 4,902 80,500 SH   SOLE   80,500 0 0
Comerica, Inc. COM 200340107 857 19,000 SH   SOLE   19,000 0 0
Commvault Systems COM 204166102 2,950 67,515 SH   SOLE   67,515 0 0
Companhia Vale do Rio Doce ADR COM 91912e105 80 14,150 SH   SOLE   14,150 0 0
Constellation Brands COM 21036p108 8,190 70,475 SH   SOLE   70,475 0 0
Continental Resources Inc COM 212015101 3,871 88,650 SH   SOLE   88,650 0 0
Cooper Tire & Rubber Co. COM 216831107 942 22,000 SH   SOLE   22,000 0 0
Corning Inc. COM 219350105 5,958 262,700 SH   SOLE   262,700 0 0
Costco Co. COM 22160k105 6,435 42,475 SH   SOLE   42,475 0 0
Cracker Barrel Old Country Sto COM 22410j106 1,483 9,750 SH   SOLE   9,750 0 0
CTRIP.COM International ADR COM 22943F100 328 5,600 SH   SOLE   5,600 0 0
Cummins Inc COM 231021106 5,376 38,775 SH   SOLE   38,775 0 0
CVS Health Corp COM 126650100 16,266 157,604 SH   SOLE   157,604 0 0
Daimler AG ADR COM D1668R123 1,565 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 13,911 163,850 SH   SOLE   163,850 0 0
Danone ADR COM 23636t100 498 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 9,718 140,150 SH   SOLE   140,150 0 0
Davita Healthcare Partners Inc COM 23918K108 7,718 94,950 SH   SOLE   94,950 0 0
DCP Midstream Partners LP COM 23311p100 1,360 36,800 SH   SOLE   36,800 0 0
DDR Corp COM 23317h102 267 14,351 SH   SOLE   14,351 0 0
Deutsche Bank ADR COM D18190898 309 8,900 SH   SOLE   8,900 0 0
Deutsche Telekom AG ADR COM 251566105 1,115 60,900 SH   SOLE   60,900 0 0
Diageo PLC ADR COM 25243q205 1,252 11,325 SH   SOLE   11,325 0 0
Diamond Offshore Drilling COM 25271c102 678 25,300 SH   SOLE   25,300 0 0
Diebold Inc COM 253651103 1,358 38,300 SH   SOLE   38,300 0 0
Digital Realty COM 253868103 1,504 22,800 SH   SOLE   22,800 0 0
DirectTV COM 25490a309 7,819 91,875 SH   SOLE   91,875 0 0
Dollar General COM 256677105 5,467 72,525 SH   SOLE   72,525 0 0
Dominion Resources COM 25746u109 3,953 55,775 SH   SOLE   55,775 0 0
Donnelley (R.R.) & Sons COM 257867101 516 26,900 SH   SOLE   26,900 0 0
Dr. Pepper Snapple Group, Inc COM 26138e109 433 5,520 SH   SOLE   5,520 0 0
Du Pont (E.I.) De Nemours & Co COM 263534109 13,872 194,096 SH   SOLE   194,096 0 0
Duke Energy Corp. COM 26441C204 7,305 95,146 SH   SOLE   95,146 0 0
Duke Realty Corp. COM 264411505 1,626 74,700 SH   SOLE   74,700 0 0
Edison Int'l COM 281020107 2,445 39,140 SH   SOLE   39,140 0 0
EMC Corp. COM 268648102 2,863 112,018 SH   SOLE   112,018 0 0
Emerge Energy Services LP COM 29102h108 643 13,550 SH   SOLE   13,550 0 0
Enable Midstream Partners LP COM 292480100 794 48,400 SH   SOLE   48,400 0 0
Enbridge Energy Partners LP COM 29250r106 3,597 99,900 SH   SOLE   99,900 0 0
Endo International PLC COM G30401106 10,275 114,550 SH   SOLE   114,550 0 0
Energizer Holdings Inc COM 29266R108 9,004 65,225 SH   SOLE   65,225 0 0
Energy XXI Ltd COM g10082140 448 123,200 SH   SOLE   123,200 0 0
ENI SPA ADR COM 26874r108 778 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 2,746 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875p101 8,027 87,550 SH   SOLE   87,550 0 0
Equity Residential Properties COM 29476l107 3,994 51,300 SH   SOLE   51,300 0 0
Ericsson ADR COM 294821608 1,170 93,200 SH   SOLE   93,200 0 0
Essex Property Trust Inc COM 297178105 4,618 20,085 SH   SOLE   20,085 0 0
Ethan Allen Interiors Inc. COM 297602104 252 9,100 SH   SOLE   9,100 0 0
Exact Sciences Corp COM 30063P105 3,650 165,750 SH   SOLE   165,750 0 0
Express COM 30219e103 1,890 114,325 SH   SOLE   114,325 0 0
Express Scripts Holding Compan COM 30219g108 6,877 79,250 SH   SOLE   79,250 0 0
Exxon Mobil Corp. COM 30231g102 27,984 329,224 SH   SOLE   329,224 0 0
F5 Networks Inc. COM 315616102 3,965 34,500 SH   SOLE   34,500 0 0
Fedex Corp. COM 31428x106 5,340 32,275 SH   SOLE   32,275 0 0
Fifth Street Finance Corp COM 31678a103 754 103,250 SH   SOLE   103,250 0 0
Fifth Third Bancorp COM 316773100 3,401 180,400 SH   SOLE   180,400 0 0
Flowserve Corp. COM 34354P105 6,974 123,450 SH   SOLE   123,450 0 0
FMC Technologies Inc COM 30249U101 2,897 78,275 SH   SOLE   78,275 0 0
Fomento Economico Mexicana-SP COM 344419106 669 7,150 SH   SOLE   7,150 0 0
Freeport-McMoRan Inc COM 35671d857 2,683 141,600 SH   SOLE   141,600 0 0
Frontier Communications Corp COM 35906a108 421 59,659 SH   SOLE   59,659 0 0
Garmin Ltd COM H2906T109 927 19,500 SH   SOLE   19,500 0 0
General Electric Co. COM 369604103 21,808 879,000 SH   SOLE   879,000 0 0
General Growth Properties COM 370023103 542 18,331 SH   SOLE   18,331 0 0
Genuine Parts Co. COM 372460105 2,935 31,500 SH   SOLE   31,500 0 0
Gilead Science Inc COM 375558103 25,605 260,925 SH   SOLE   260,925 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,521 32,950 SH   SOLE   32,950 0 0
Goldman Sachs Group COM 38141g104 11,100 59,050 SH   SOLE   59,050 0 0
Goodyear Tire & Rubber Company COM 382550101 6,100 225,275 SH   SOLE   225,275 0 0
Google Inc Cl C COM 38259p706 13,960 25,475 SH   SOLE   25,475 0 0
Google Inc. Cl A COM 38259P508 14,131 25,475 SH   SOLE   25,475 0 0
Grifols SA ADR COM 398438408 355 10,825 SH   SOLE   10,825 0 0
Grupo Televisa SA ADR COM 40049j206 361 10,925 SH   SOLE   10,925 0 0
Halliburton Co. COM 406216101 6,624 150,950 SH   SOLE   150,950 0 0
Harman International Industrie COM 413086109 1,416 10,600 SH   SOLE   10,600 0 0
HCP Inc COM 40414L109 2,640 61,100 SH   SOLE   61,100 0 0
Health Care REIT, Inc. COM 42217k106 2,271 29,350 SH   SOLE   29,350 0 0
Hellenic Telecom Organization COM 423325307 178 40,100 SH   SOLE   40,100 0 0
Hess Corporation COM 42809h107 3,728 54,925 SH   SOLE   54,925 0 0
Hitachi Ltd. ADR COM 433578507 652 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 661 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 21,575 189,900 SH   SOLE   189,900 0 0
Home Properties Inc COM 437306103 1,245 17,975 SH   SOLE   17,975 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,707 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 12,251 117,450 SH   SOLE   117,450 0 0
HSBC Holdings ADR COM 404280406 609 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 1,307 15,300 SH   SOLE   15,300 0 0
Hutchison Whampoa Limited ADR COM 448415208 1,089 39,250 SH   SOLE   39,250 0 0
Icon PLC ADR COM G4705A100 522 7,400 SH   SOLE   7,400 0 0
Infineon Technologies ADR COM 45662n103 440 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,729 77,800 SH   SOLE   77,800 0 0
Ing Groep NV ADR COM 456837103 207 14,200 SH   SOLE   14,200 0 0
Ingenico ADR COM 45684w107 406 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 11,692 373,910 SH   SOLE   373,910 0 0
International Business Machine COM 459200101 5,236 32,622 SH   SOLE   32,622 0 0
International Game Technology COM 459902102 320 18,400 SH   SOLE   18,400 0 0
Intesa Sanpaolo ADR COM 46115h107 222 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM g491bt108 7,658 192,950 SH   SOLE   192,950 0 0
Itau Unibanco Holding SA ADR COM 465562106 304 27,446 SH   SOLE   27,446 0 0
Johnson & Johnson COM 478160104 22,829 226,925 SH   SOLE   226,925 0 0
Johnson Controls, Inc. COM 478366107 7,323 145,175 SH   SOLE   145,175 0 0
Joy Global Inc. COM 481165108 1,508 38,500 SH   SOLE   38,500 0 0
JPMorgan Chase & Co. COM 46625h100 20,955 345,907 SH   SOLE   345,907 0 0
Kamada Ltd ADR COM m6240t109 78 17,750 SH   SOLE   17,750 0 0
KB Financial Group Inc ADR COM 48241a105 235 6,675 SH   SOLE   6,675 0 0
Kellogg Co. COM 487836108 2,427 36,800 SH   SOLE   36,800 0 0
Kennametal Inc. COM 489170100 549 16,300 SH   SOLE   16,300 0 0
Kimco Realty Corp. COM 49446r109 2,287 85,175 SH   SOLE   85,175 0 0
Kinder Morgan Inc. COM 49456b101 5,886 139,937 SH   SOLE   139,937 0 0
Kirin Holdings Co ADR COM 497350306 398 30,300 SH   SOLE   30,300 0 0
KKR & Co LP COM 48248m102 1,170 51,300 SH   SOLE   51,300 0 0
Koninklijke KPN NV ADR COM 780641205 51 15,000 SH   SOLE   15,000 0 0
Koninklijke Philips NV ADR COM 500472303 241 8,500 SH   SOLE   8,500 0 0
Kraft Foods Group Inc. COM 50076q106 573 6,575 SH   SOLE   6,575 0 0
Kubota Corp-Spon ADR COM 501173207 387 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 10,560 112,000 SH   SOLE   112,000 0 0
Lamar Advertising Co COM 512816109 1,215 20,500 SH   SOLE   20,500 0 0
Leggett & Platt COM 524660107 1,567 34,000 SH   SOLE   34,000 0 0
Lexington Realty Trust COM 529043101 320 32,562 SH   SOLE   32,562 0 0
Liberty Property Trust COM 531172104 2,181 61,100 SH   SOLE   61,100 0 0
Lilly (Eli) & Co. COM 532457108 12,990 178,800 SH   SOLE   178,800 0 0
Linear Technology Corp. COM 535678106 1,977 42,250 SH   SOLE   42,250 0 0
Logitech International SA ADR COM H50430232 553 42,020 SH   SOLE   42,020 0 0
Lorillard Inc. COM 544147101 3,836 58,700 SH   SOLE   58,700 0 0
Lowe's Co. COM 548661107 17,935 241,100 SH   SOLE   241,100 0 0
Luxottica Group SPA ADR COM 55068r202 452 7,200 SH   SOLE   7,200 0 0
Macerich Co. COM 554382101 1,832 21,719 SH   SOLE   21,719 0 0
Mack-Cali Realty Corp. COM 554489104 501 26,000 SH   SOLE   26,000 0 0
Mallinckrodt PLC COM g5785g107 1,273 10,050 SH   SOLE   10,050 0 0
Marsh & McLennan Companies, In COM 571748102 14,123 251,800 SH   SOLE   251,800 0 0
Mattel Inc. COM 577081102 4,186 183,200 SH   SOLE   183,200 0 0
Maxim Integrated Products, Inc COM 57772k101 5,419 155,675 SH   SOLE   155,675 0 0
McCormick & Co. COM 579780206 6,791 88,075 SH   SOLE   88,075 0 0
McDonald's Corp. COM 580135101 8,621 88,475 SH   SOLE   88,475 0 0
Medtronic Inc COM g5960l103 5,996 76,883 SH   SOLE   76,883 0 0
Mercadolibre Inc ADR COM 58733r102 708 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933y105 14,876 258,800 SH   SOLE   258,800 0 0
Metlife Inc COM 59156R108 7,799 154,275 SH   SOLE   154,275 0 0
Michael Kors Holdings COM G60754101 2,145 32,625 SH   SOLE   32,625 0 0
Micron Technology Inc. COM 595112103 2,653 97,770 SH   SOLE   97,770 0 0
Microsoft Corp COM 594918104 27,403 674,041 SH   SOLE   674,041 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,534 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 383 1,425 SH   SOLE   1,425 0 0
Molson Coors Brewing Company COM 60871r209 7,065 94,900 SH   SOLE   94,900 0 0
Mondelez International Inc COM 609207105 712 19,727 SH   SOLE   19,727 0 0
Monsanto Co. COM 61166w101 5,272 46,850 SH   SOLE   46,850 0 0
Morgan Stanley, Dean Witter, D COM 617446448 7,227 202,500 SH   SOLE   202,500 0 0
Mylan NV COM n59465109 12,214 205,800 SH   SOLE   205,800 0 0
National Fuel Gas Co. COM 636180101 543 9,000 SH   SOLE   9,000 0 0
National Oilwell Varco Inc COM 637071101 3,644 72,900 SH   SOLE   72,900 0 0
New York Community Bancorp COM 649445103 2,241 133,925 SH   SOLE   133,925 0 0
Newell Rubbermaid Inc. COM 651229106 234 6,000 SH   SOLE   6,000 0 0
NextEra Energy Inc COM 65339f101 4,351 41,816 SH   SOLE   41,816 0 0
NICE Systems Ltd ADR COM 653656108 423 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 1,937 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 7,695 174,250 SH   SOLE   174,250 0 0
Norsk Hydro ASA ADR COM 656531605 105 20,000 SH   SOLE   20,000 0 0
Northen Tier Energy LP COM 665826103 1,188 46,900 SH   SOLE   46,900 0 0
Northrop Grumman Corp. COM 666807102 8,060 50,075 SH   SOLE   50,075 0 0
Novartis ADR COM 66987v109 3,313 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 3,310 62,000 SH   SOLE   62,000 0 0
Now Inc COM 67011p100 394 18,222 SH   SOLE   18,222 0 0
NRG Energy, Inc. COM 629377508 2,492 98,925 SH   SOLE   98,925 0 0
Occidental Petroleum COM 674599105 5,698 78,050 SH   SOLE   78,050 0 0
Oracle Corp. COM 68389x105 10,974 254,324 SH   SOLE   254,324 0 0
Orange SA ADR COM 684060106 528 33,000 SH   SOLE   33,000 0 0
Owens-Illinois Inc COM 690768403 870 37,300 SH   SOLE   37,300 0 0
Panasonic Corp ADR COM 69832a205 818 62,200 SH   SOLE   62,200 0 0
Park National COM 700658107 231 2,700 SH   SOLE   2,700 0 0
Parker Hannifin COM 701094104 998 8,400 SH   SOLE   8,400 0 0
Pepco Holdings, Inc. COM 713291102 2,310 86,109 SH   SOLE   86,109 0 0
PepsiCo, Inc. COM 713448108 12,158 127,150 SH   SOLE   127,150 0 0
Petroleo Brasileiro SA ADR COM 71654v408 99 16,400 SH   SOLE   16,400 0 0
Pfizer, Inc. COM 717081103 19,295 554,624 SH   SOLE   554,624 0 0
Philip Morris International In COM 718172109 2,878 38,200 SH   SOLE   38,200 0 0
Pinnacle West Capital COM 723484101 822 12,900 SH   SOLE   12,900 0 0
Pitney Bowes Inc. COM 724479100 466 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 2,780 57,000 SH   SOLE   57,000 0 0
PNC Financial Services Group COM 693475105 14,427 154,734 SH   SOLE   154,734 0 0
Polaris Industries COM 731068102 1,975 14,000 SH   SOLE   14,000 0 0
Potash Corp of Saskatchewan In COM 73755L107 813 25,200 SH   SOLE   25,200 0 0
PPG Industries, Inc. COM 693506107 1,088 4,825 SH   SOLE   4,825 0 0
PPL Corp. COM 69351t106 2,450 72,800 SH   SOLE   72,800 0 0
Praxair, Inc. COM 74005P104 4,389 36,350 SH   SOLE   36,350 0 0
Principal Financial Group COM 74251V102 10,577 205,900 SH   SOLE   205,900 0 0
Procter & Gamble, Inc. COM 742718109 22,788 278,100 SH   SOLE   278,100 0 0
Prospect Capital Corp COM 74348t102 793 93,825 SH   SOLE   93,825 0 0
Prudential Financial, Inc. COM 744320102 14,377 179,025 SH   SOLE   179,025 0 0
PTC Inc COM 69370c100 3,362 92,950 SH   SOLE   92,950 0 0
Public Service Enterprise Grou COM 744573106 1,618 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 13,989 201,750 SH   SOLE   201,750 0 0
Quest Diagnostics Inc COM 74834L100 838 10,900 SH   SOLE   10,900 0 0
Regal Entertainment Group - A COM 758766109 4,096 179,325 SH   SOLE   179,325 0 0
Regions Financial Corp. COM 7591EP100 176 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 218 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169b102 3,366 126,100 SH   SOLE   126,100 0 0
Reynolds American Inc. COM 761713106 2,288 33,200 SH   SOLE   33,200 0 0
Rio Tinto Plc ADR COM 767204100 604 14,600 SH   SOLE   14,600 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 1,011 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 9,056 93,800 SH   SOLE   93,800 0 0
Royal Dutch Shell PLC ADR COM 780259206 2,383 39,950 SH   SOLE   39,950 0 0
Ryder Systems, Inc. COM 783549108 797 8,400 SH   SOLE   8,400 0 0
Sandisk Corp. COM 80004c101 2,322 36,500 SH   SOLE   36,500 0 0
Sanofi ADR COM 80105n105 1,948 39,400 SH   SOLE   39,400 0 0
Santos Limited ADR COM 803021708 244 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 1,501 20,800 SH   SOLE   20,800 0 0
Scana Corp COM 80589M102 1,243 22,596 SH   SOLE   22,596 0 0
Schlumberger Ltd. COM 806857108 11,043 132,350 SH   SOLE   132,350 0 0
Seadrill Ltd COM G7945e105 611 65,400 SH   SOLE   65,400 0 0
Sealed Air Corp. COM 81211k100 3,715 81,550 SH   SOLE   81,550 0 0
Sensata Technologies Holding A COM N7902X106 711 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762p102 4,400 55,851 SH   SOLE   55,851 0 0
Shinhan Financial Grp ADR COM 824596100 351 9,400 SH   SOLE   9,400 0 0
Ship Finance Intl Ltd COM g81075106 1,032 69,700 SH   SOLE   69,700 0 0
Simon Property Group, Inc. COM 828806109 2,598 13,277 SH   SOLE   13,277 0 0
Singapore Telecom-SP ADR COM 82929R304 1,074 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 678 25,300 SH   SOLE   25,300 0 0
Southern Co. COM 842587107 566 12,774 SH   SOLE   12,774 0 0
Spectra Energy Corp COM 847560109 2,863 79,150 SH   SOLE   79,150 0 0
Spectra Energy Partners LP COM 84756n109 1,044 20,150 SH   SOLE   20,150 0 0
Starbucks Corp. COM 855244109 5,242 55,350 SH   SOLE   55,350 0 0
Starwood Hotels & Resorts Inc. COM 85590A401 8,150 97,600 SH   SOLE   97,600 0 0
State Street Corp. COM 857477103 8,057 109,575 SH   SOLE   109,575 0 0
Statoil ASA ADR COM 85771P102 303 17,242 SH   SOLE   17,242 0 0
Subsea 7 Sa ADR COM 864323100 206 23,900 SH   SOLE   23,900 0 0
Swisscom AG ADR COM 871013108 442 7,600 SH   SOLE   7,600 0 0
Syngenta AG ADR COM 87160a100 587 8,650 SH   SOLE   8,650 0 0
Synopsys Inc. COM 871607107 783 16,900 SH   SOLE   16,900 0 0
Syntel, Inc. COM 87162H103 608 11,750 SH   SOLE   11,750 0 0
Taiwan Semiconductor Manufactu COM 874039100 1,371 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612e106 13,589 165,575 SH   SOLE   165,575 0 0
TDK Corp. ADR COM 872351408 278 3,900 SH   SOLE   3,900 0 0
Telecom Italia ADR COM 87927y102 219 18,880 SH   SOLE   18,880 0 0
Telefonica SA ADR COM 879382208 701 48,883 SH   SOLE   48,883 0 0
Telenor ASA ADR COM 87944W105 546 9,000 SH   SOLE   9,000 0 0
Teradata Corp COM 88076w103 242 5,475 SH   SOLE   5,475 0 0
Tessera Technologies Inc. COM 88164L100 5,865 145,600 SH   SOLE   145,600 0 0
Teva Pharmaceutical Industries COM 881624209 1,017 16,325 SH   SOLE   16,325 0 0
Texas Instruments COM 882508104 6,051 105,817 SH   SOLE   105,817 0 0
The Travelers Companies, Inc. COM 89417E109 17,382 160,751 SH   SOLE   160,751 0 0
Thermo Fisher Scientific Inc COM 883556102 8,860 65,950 SH   SOLE   65,950 0 0
Tiffany & Co. COM 886547108 3,905 44,375 SH   SOLE   44,375 0 0
Timken Co COM 887389104 657 15,600 SH   SOLE   15,600 0 0
TimkenSteel corp COM 887399103 206 7,800 SH   SOLE   7,800 0 0
Tokio Marine Holdings Inc ADR COM 889094108 918 24,250 SH   SOLE   24,250 0 0
Tornier NV ADR COM n87237108 541 20,650 SH   SOLE   20,650 0 0
Total SA ADR COM 89151e109 1,708 34,400 SH   SOLE   34,400 0 0
Toyota Motor Corp. ADR COM 892331307 5,008 35,800 SH   SOLE   35,800 0 0
Transcanada Pipelines Ltd COM 89353d107 1,651 38,650 SH   SOLE   38,650 0 0
Tupperware Brands Corp COM 899896104 2,250 32,600 SH   SOLE   32,600 0 0
Twenty First Century Fox Inc COM 90130a101 4,211 124,425 SH   SOLE   124,425 0 0
Two Harbors Investment Corp COM 90187b101 1,083 102,000 SH   SOLE   102,000 0 0
U.S. Bancorp COM 902973304 12,054 276,017 SH   SOLE   276,017 0 0
UBS Group AG COM h42097107 506 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 1,528 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 6,293 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 14,014 118,475 SH   SOLE   118,475 0 0
United Parcel Services Cl B COM 911312106 9,990 103,050 SH   SOLE   103,050 0 0
United Technologies COM 913017109 11,943 101,900 SH   SOLE   101,900 0 0
Varian Medical Systems Inc COM 92220P105 6,045 64,250 SH   SOLE   64,250 0 0
Verizon Communications Inc COM 92343v104 14,798 304,290 SH   SOLE   304,290 0 0
Visa Inc COM 92826c839 4,963 75,868 SH   SOLE   75,868 0 0
Vodafone Group PLC ADR COM 92857w308 924 28,265 SH   SOLE   28,265 0 0
Volvo AB ADR COM 928856400 265 21,875 SH   SOLE   21,875 0 0
Vulcan Materials COM 929160109 2,268 26,900 SH   SOLE   26,900 0 0
Waddell & Reed Financial, Inc. COM 930059100 892 18,000 SH   SOLE   18,000 0 0
Wal-Mart COM 931142103 13,357 162,400 SH   SOLE   162,400 0 0
Walgreens Boots Alliance Inc COM 931427108 10,968 129,525 SH   SOLE   129,525 0 0
Walt Disney Co. COM 254687106 28,415 270,900 SH   SOLE   270,900 0 0
Weingarten Realty Investors COM 948741103 1,049 29,150 SH   SOLE   29,150 0 0
Wells Fargo Co. COM 949746101 19,551 359,393 SH   SOLE   359,393 0 0
Western Gas Partners COM 958254104 655 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 4,546 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 3,374 66,700 SH   SOLE   66,700 0 0
Windstream Holdings Inc COM 97382a101 3,224 435,663 SH   SOLE   435,663 0 0
Wisconsin Energy Corp. COM 976657106 4,472 90,350 SH   SOLE   90,350 0 0
WPP PLC ADR COM 92937a102 637 5,600 SH   SOLE   5,600 0 0
Zoetis COM 98978v103 3,984 86,075 SH   SOLE   86,075 0 0
Kinder Morgan Inc Del Warrant *W EXP 05/25/201 49456b119 179 43,564 SH   SOLE   43,564 0 0
Wisdomtree Emerging Markets Eq EMERG MKTS ETF 97717w315 6,705 157,775 SH   SOLE   157,775 0 0