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 6,312 140,200 SH   SOLE   140,200 0 0
Abbvie Inc COM 00287y109 10,798 165,000 SH   SOLE   165,000 0 0
Activision Blizzard Inc COM 00507v109 6,775 336,225 SH   SOLE   336,225 0 0
Adobe Systems COM 00724f101 8,140 111,969 SH   SOLE   111,969 0 0
Aegon NV ADR COM 007924103 76 10,100 SH   SOLE   10,100 0 0
Air Products & Chemicals, Inc. COM 009158106 3,800 26,350 SH   SOLE   26,350 0 0
Akamai Technologies Inc. COM 00971t101 6,608 104,950 SH   SOLE   104,950 0 0
Alcatel-Lucent ADR COM 013904305 64 18,000 SH   SOLE   18,000 0 0
Alcentra Capital Corp COM 01374t102 592 47,331 SH   SOLE   47,331 0 0
Alibaba Group Holdings COM 01609w102 7,061 67,930 SH   SOLE   67,930 0 0
Allegheny Technologies Inc. COM 01741r102 3,120 89,725 SH   SOLE   89,725 0 0
Allergan, Inc. COM 018490102 10,496 49,370 SH   SOLE   49,370 0 0
AllianceBernstein Holding LP COM 01881G106 253 9,800 SH   SOLE   9,800 0 0
Altria Group, Inc. COM 02209s103 16,489 334,675 SH   SOLE   334,675 0 0
Ambev SA ADR COM 02319v103 723 116,250 SH   SOLE   116,250 0 0
Amdocs Ltd COM G02602103 3,799 81,425 SH   SOLE   81,425 0 0
America Movil SA de CV ADR COM 02364w105 600 27,050 SH   SOLE   27,050 0 0
American Express COM 025816109 12,498 134,325 SH   SOLE   134,325 0 0
American States Water Co COM 029899101 1,243 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 7,761 94,075 SH   SOLE   94,075 0 0
Anheuser-Busch COM 03524a108 9,143 81,400 SH   SOLE   81,400 0 0
Anthem Inc COM 036752103 8,684 69,100 SH   SOLE   69,100 0 0
Apache Corp COM 037411105 3,721 59,375 SH   SOLE   59,375 0 0
Apollo Global Management LLC COM 037612306 1,135 48,150 SH   SOLE   48,150 0 0
Apple Inc COM 037833100 48,697 441,175 SH   SOLE   441,175 0 0
Applied Materials Inc. COM 038222105 436 17,500 SH   SOLE   17,500 0 0
Ares Capital Corp COM 04010L103 956 61,275 SH   SOLE   61,275 0 0
Arlington Asset Investment Cor COM 041356205 352 13,228 SH   SOLE   13,228 0 0
Arthur J. Gallagher & Co. COM 363576109 6,375 135,400 SH   SOLE   135,400 0 0
AstraZeneca Group PLC ADR COM 046353108 927 13,175 SH   SOLE   13,175 0 0
AT&T Inc. COM 00206R102 14,495 431,528 SH   SOLE   431,528 0 0
Atmos Energy Corp. COM 049560105 2,779 49,850 SH   SOLE   49,850 0 0
AXA SA ADR COM 054536107 611 26,300 SH   SOLE   26,300 0 0
Baker Hughes COM 057224107 5,526 98,550 SH   SOLE   98,550 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 1,003 106,836 SH   SOLE   106,836 0 0
Banco Santander Central Hispan COM 05964h105 487 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 10,191 251,207 SH   SOLE   251,207 0 0
Barclays PLC ADR COM 06738e204 519 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,222 14,450 SH   SOLE   14,450 0 0
Baxter International, Inc. COM 071813109 3,129 42,700 SH   SOLE   42,700 0 0
BB&T Corporation COM 054937107 3,714 95,500 SH   SOLE   95,500 0 0
Bed Bath & Beyond Inc. COM 075896100 7,286 95,650 SH   SOLE   95,650 0 0
BG Group Plc ADR COM 055434203 1,079 80,000 SH   SOLE   80,000 0 0
BHP Billiton Ltd. ADR COM 088606108 1,064 22,475 SH   SOLE   22,475 0 0
Blackstone Group LP COM 09253u108 6,172 182,450 SH   SOLE   182,450 0 0
Block H&R COM 093671105 8,542 253,625 SH   SOLE   253,625 0 0
Boardwalk Pipeline Partners L. COM 096627104 1,295 72,900 SH   SOLE   72,900 0 0
Boeing Company COM 097023105 17,131 131,800 SH   SOLE   131,800 0 0
Boston Properties Inc COM 101121101 1,326 10,300 SH   SOLE   10,300 0 0
Boston Scientific COM 101137107 175 13,200 SH   SOLE   13,200 0 0
BP plc ADR COM 055622104 3,170 83,150 SH   SOLE   83,150 0 0
British American Tob SP ADR COM 110448107 1,318 12,225 SH   SOLE   12,225 0 0
Broadcom Corp COM 111320107 4,862 112,200 SH   SOLE   112,200 0 0
BT Group PLC ADR COM 05577e101 1,147 18,500 SH   SOLE   18,500 0 0
California Resources Corp COM 13057q107 172 31,220 SH   SOLE   31,220 0 0
California Water Service Group COM 130788102 669 27,200 SH   SOLE   27,200 0 0
Calpine Corp COM 131347304 3,516 158,875 SH   SOLE   158,875 0 0
Cameron International Corp COM 13342B105 3,867 77,425 SH   SOLE   77,425 0 0
Canon Inc. ADR COM 138006309 781 24,675 SH   SOLE   24,675 0 0
Capital One Financial COM 14040H105 6,907 83,675 SH   SOLE   83,675 0 0
Carefusion Corp. COM 14170T101 5,440 91,675 SH   SOLE   91,675 0 0
Carlyle Group COM 14309l102 1,016 36,950 SH   SOLE   36,950 0 0
Carrizo Oil & Gas Inc COM 144577103 3,234 77,750 SH   SOLE   77,750 0 0
Caterpillar Inc. COM 149123101 4,297 46,950 SH   SOLE   46,950 0 0
CBS Corp. COM 124857202 6,270 113,300 SH   SOLE   113,300 0 0
Celanese Corp COM 150870103 2,302 38,400 SH   SOLE   38,400 0 0
Celgene Corp. COM 151020104 24,689 220,710 SH   SOLE   220,710 0 0
Cemex SAB de CV ADR COM 151290889 158 15,552 SH   SOLE   15,552 0 0
CenturyLink Inc. COM 156700106 1,632 41,223 SH   SOLE   41,223 0 0
Charles Schwab Corp. COM 808513105 8,604 285,000 SH   SOLE   285,000 0 0
Chart Industries Inc COM 16115q308 2,459 71,900 SH   SOLE   71,900 0 0
Chesapeake Energy Corp COM 165167107 2,195 112,150 SH   SOLE   112,150 0 0
Cheung Kong Limited ADR COM 166744201 689 41,000 SH   SOLE   41,000 0 0
Chevron Corp. COM 166764100 19,077 170,060 SH   SOLE   170,060 0 0
Church & Dwight Co. COM 171340102 7,613 96,600 SH   SOLE   96,600 0 0
Cincinnati Financial COM 172062101 752 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243v102 2,935 82,500 SH   SOLE   82,500 0 0
Cisco Systems COM 17275R102 15,318 550,700 SH   SOLE   550,700 0 0
CIT Group COM 125581801 1,712 35,800 SH   SOLE   35,800 0 0
Citrix Systems Inc COM 177376100 4,598 72,075 SH   SOLE   72,075 0 0
Cliffs Natural Resources Inc COM 18683k101 84 11,750 SH   SOLE   11,750 0 0
CMS Energy Corp. COM 125896100 4,989 143,575 SH   SOLE   143,575 0 0
Coca-Cola COM 191216100 1,026 24,300 SH   SOLE   24,300 0 0
Cognizant Tech Solutions Corp. COM 192446102 5,864 111,350 SH   SOLE   111,350 0 0
Columbia Sportswear Co COM 198516106 3,585 80,500 SH   SOLE   80,500 0 0
Comerica, Inc. COM 200340107 890 19,000 SH   SOLE   19,000 0 0
Commvault Systems COM 204166102 3,490 67,515 SH   SOLE   67,515 0 0
Companhia Vale do Rio Doce ADR COM 91912e105 116 14,150 SH   SOLE   14,150 0 0
Constellation Brands COM 21036p108 6,919 70,475 SH   SOLE   70,475 0 0
Continental Resources Inc COM 212015101 3,401 88,650 SH   SOLE   88,650 0 0
Cooper Tire & Rubber Co. COM 216831107 762 22,000 SH   SOLE   22,000 0 0
Corning Inc. COM 219350105 6,024 262,700 SH   SOLE   262,700 0 0
Costco Co. COM 22160k105 6,021 42,475 SH   SOLE   42,475 0 0
Covidien PLC COM G2554f113 8,226 80,425 SH   SOLE   80,425 0 0
Cracker Barrel Old Country Sto COM 22410j106 1,372 9,750 SH   SOLE   9,750 0 0
CTRIP.COM International ADR COM 22943F100 255 5,600 SH   SOLE   5,600 0 0
Cummins Inc COM 231021106 5,590 38,775 SH   SOLE   38,775 0 0
CVS Health Corp COM 126650100 15,179 157,604 SH   SOLE   157,604 0 0
Daimler AG ADR COM D1668R123 1,335 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 14,044 163,850 SH   SOLE   163,850 0 0
Danone ADR COM 23636t100 488 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 8,217 140,150 SH   SOLE   140,150 0 0
Davita Healthcare Partners Inc COM 23918K108 7,192 94,950 SH   SOLE   94,950 0 0
DCP Midstream Partners LP COM 23311p100 1,672 36,800 SH   SOLE   36,800 0 0
DDR Corp COM 23317h102 263 14,351 SH   SOLE   14,351 0 0
Deutsche Bank ADR COM D18190898 267 8,900 SH   SOLE   8,900 0 0
Deutsche Telekom AG ADR COM 251566105 976 60,900 SH   SOLE   60,900 0 0
Diageo PLC ADR COM 25243q205 1,292 11,325 SH   SOLE   11,325 0 0
Diamond Offshore Drilling COM 25271c102 929 25,300 SH   SOLE   25,300 0 0
Diebold Inc COM 253651103 1,327 38,300 SH   SOLE   38,300 0 0
Digital Realty COM 253868103 1,512 22,800 SH   SOLE   22,800 0 0
DirectTV COM 25490a309 7,966 91,875 SH   SOLE   91,875 0 0
Dollar General COM 256677105 5,128 72,525 SH   SOLE   72,525 0 0
Dominion Resources COM 25746u109 4,289 55,775 SH   SOLE   55,775 0 0
Donnelley (R.R.) & Sons COM 257867101 452 26,900 SH   SOLE   26,900 0 0
Dr. Pepper Snapple Group, Inc COM 26138e109 396 5,520 SH   SOLE   5,520 0 0
Du Pont (E.I.) De Nemours & Co COM 263534109 14,351 194,096 SH   SOLE   194,096 0 0
Duke Energy Corp. COM 26441C204 7,948 95,146 SH   SOLE   95,146 0 0
Duke Realty Corp. COM 264411505 1,509 74,700 SH   SOLE   74,700 0 0
Edison Int'l COM 281020107 2,563 39,140 SH   SOLE   39,140 0 0
Embraer SA COM 29082a107 236 6,400 SH   SOLE   6,400 0 0
EMC Corp. COM 268648102 3,331 112,018 SH   SOLE   112,018 0 0
Emerge Energy Services LP COM 29102h108 732 13,550 SH   SOLE   13,550 0 0
Enable Midstream Partners LP COM 292480100 938 48,400 SH   SOLE   48,400 0 0
Enbridge Energy Partners LP COM 29250r106 3,986 99,900 SH   SOLE   99,900 0 0
Endo International PLC COM G30401106 8,261 114,550 SH   SOLE   114,550 0 0
Energizer Holdings Inc COM 29266R108 8,385 65,225 SH   SOLE   65,225 0 0
Energy XXI Ltd COM g10082140 402 123,200 SH   SOLE   123,200 0 0
ENI SPA ADR COM 26874r108 785 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 3,012 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875p101 8,061 87,550 SH   SOLE   87,550 0 0
Equity Residential Properties COM 29476l107 3,685 51,300 SH   SOLE   51,300 0 0
Ericsson ADR COM 294821608 1,128 93,200 SH   SOLE   93,200 0 0
Essex Property Trust Inc COM 297178105 4,150 20,085 SH   SOLE   20,085 0 0
Ethan Allen Interiors Inc. COM 297602104 282 9,100 SH   SOLE   9,100 0 0
Express COM 30219e103 1,679 114,325 SH   SOLE   114,325 0 0
Express Scripts Holding Compan COM 30219g108 6,710 79,250 SH   SOLE   79,250 0 0
Exxon Mobil Corp. COM 30231g102 30,437 329,224 SH   SOLE   329,224 0 0
F5 Networks Inc. COM 315616102 4,501 34,500 SH   SOLE   34,500 0 0
Fedex Corp. COM 31428x106 5,605 32,275 SH   SOLE   32,275 0 0
Fifth Street Finance Corp COM 31678a103 827 103,250 SH   SOLE   103,250 0 0
Fifth Third Bancorp COM 316773100 3,676 180,400 SH   SOLE   180,400 0 0
Flowserve Corp. COM 34354P105 7,386 123,450 SH   SOLE   123,450 0 0
FMC Technologies Inc COM 30249U101 3,666 78,275 SH   SOLE   78,275 0 0
Fomento Economico Mexicana-SP COM 344419106 629 7,150 SH   SOLE   7,150 0 0
Freeport-McMoRan Inc COM 35671d857 3,308 141,600 SH   SOLE   141,600 0 0
Frontier Communications Corp COM 35906a108 398 59,659 SH   SOLE   59,659 0 0
Garmin Ltd COM H2906T109 1,030 19,500 SH   SOLE   19,500 0 0
General Electric Co. COM 369604103 22,212 879,000 SH   SOLE   879,000 0 0
General Growth Properties COM 370023103 516 18,331 SH   SOLE   18,331 0 0
Genuine Parts Co. COM 372460105 3,357 31,500 SH   SOLE   31,500 0 0
Gilead Science Inc COM 375558103 24,595 260,925 SH   SOLE   260,925 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,408 32,950 SH   SOLE   32,950 0 0
Goldman Sachs Group COM 38141g104 11,446 59,050 SH   SOLE   59,050 0 0
Goodyear Tire & Rubber Company COM 382550101 6,436 225,275 SH   SOLE   225,275 0 0
Google Inc Cl C COM 38259p706 13,410 25,475 SH   SOLE   25,475 0 0
Google Inc. Cl A COM 38259P508 13,519 25,475 SH   SOLE   25,475 0 0
Grifols SA ADR COM 398438408 368 10,825 SH   SOLE   10,825 0 0
Grupo Televisa SA ADR COM 40049j206 372 10,925 SH   SOLE   10,925 0 0
Halliburton Co. COM 406216101 5,937 150,950 SH   SOLE   150,950 0 0
Harman International Industrie COM 413086109 1,131 10,600 SH   SOLE   10,600 0 0
HCP Inc COM 40414L109 2,690 61,100 SH   SOLE   61,100 0 0
Health Care REIT, Inc. COM 42217k106 2,221 29,350 SH   SOLE   29,350 0 0
Hellenic Telecom Organization COM 423325307 221 40,100 SH   SOLE   40,100 0 0
Hess Corporation COM 42809h107 4,055 54,925 SH   SOLE   54,925 0 0
Hitachi Ltd. ADR COM 433578507 714 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 535 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 19,934 189,900 SH   SOLE   189,900 0 0
Home Properties Inc COM 437306103 1,179 17,975 SH   SOLE   17,975 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,538 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 11,736 117,450 SH   SOLE   117,450 0 0
HSBC Holdings ADR COM 404280406 675 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 1,289 15,300 SH   SOLE   15,300 0 0
Hutchison Whampoa Limited ADR COM 448415208 903 39,250 SH   SOLE   39,250 0 0
Icon PLC ADR COM G4705A100 377 7,400 SH   SOLE   7,400 0 0
Infineon Technologies ADR COM 45662n103 394 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,448 77,800 SH   SOLE   77,800 0 0
Ing Groep NV ADR COM 456837103 184 14,200 SH   SOLE   14,200 0 0
Ingenico ADR COM 45684w107 390 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 13,569 373,910 SH   SOLE   373,910 0 0
International Business Machine COM 459200101 5,234 32,622 SH   SOLE   32,622 0 0
International Game Technology COM 459902102 317 18,400 SH   SOLE   18,400 0 0
Intesa Sanpaolo ADR COM 46115h107 192 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM g491bt108 7,625 192,950 SH   SOLE   192,950 0 0
Itau Unibanco Holding SA ADR COM 465562106 357 27,446 SH   SOLE   27,446 0 0
Johnson & Johnson COM 478160104 23,730 226,925 SH   SOLE   226,925 0 0
Johnson Controls, Inc. COM 478366107 7,018 145,175 SH   SOLE   145,175 0 0
Joy Global Inc. COM 481165108 1,791 38,500 SH   SOLE   38,500 0 0
JPMorgan Chase & Co. COM 46625h100 21,647 345,907 SH   SOLE   345,907 0 0
Kamada Ltd ADR COM m6240t109 67 17,750 SH   SOLE   17,750 0 0
KB Financial Group Inc ADR COM 48241a105 218 6,675 SH   SOLE   6,675 0 0
Kellogg Co. COM 487836108 2,408 36,800 SH   SOLE   36,800 0 0
Kennametal Inc. COM 489170100 583 16,300 SH   SOLE   16,300 0 0
Kimco Realty Corp. COM 49446r109 2,141 85,175 SH   SOLE   85,175 0 0
Kinder Morgan Inc. COM 49456b101 5,921 139,937 SH   SOLE   139,937 0 0
Kirin Holdings Co ADR COM 497350306 378 30,300 SH   SOLE   30,300 0 0
KKR & Co LP COM 48248m102 1,191 51,300 SH   SOLE   51,300 0 0
Koninklijke KPN NV ADR COM 780641205 48 15,000 SH   SOLE   15,000 0 0
Koninklijke Philips NV ADR COM 500472303 247 8,500 SH   SOLE   8,500 0 0
Kraft Foods Group Inc. COM 50076q106 412 6,575 SH   SOLE   6,575 0 0
Kubota Corp-Spon ADR COM 501173207 358 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 9,694 112,000 SH   SOLE   112,000 0 0
Lamar Advertising Co COM 512816109 1,100 20,500 SH   SOLE   20,500 0 0
Leggett & Platt COM 524660107 1,449 34,000 SH   SOLE   34,000 0 0
Lexington Realty Trust COM 529043101 358 32,562 SH   SOLE   32,562 0 0
Liberty Property Trust COM 531172104 2,299 61,100 SH   SOLE   61,100 0 0
Lilly (Eli) & Co. COM 532457108 12,335 178,800 SH   SOLE   178,800 0 0
Linear Technology Corp. COM 535678106 1,927 42,250 SH   SOLE   42,250 0 0
Logitech International SA ADR COM H50430232 564 42,020 SH   SOLE   42,020 0 0
Lorillard Inc. COM 544147101 3,695 58,700 SH   SOLE   58,700 0 0
Lowe's Co. COM 548661107 16,588 241,100 SH   SOLE   241,100 0 0
Luxottica Group SPA ADR COM 55068r202 392 7,200 SH   SOLE   7,200 0 0
Macerich Co. COM 554382101 1,812 21,719 SH   SOLE   21,719 0 0
Mack-Cali Realty Corp. COM 554489104 496 26,000 SH   SOLE   26,000 0 0
Mallinckrodt PLC COM g5785g107 995 10,050 SH   SOLE   10,050 0 0
Marsh & McLennan Companies, In COM 571748102 14,413 251,800 SH   SOLE   251,800 0 0
Mattel Inc. COM 577081102 5,669 183,200 SH   SOLE   183,200 0 0
Maxim Integrated Products, Inc COM 57772k101 4,961 155,675 SH   SOLE   155,675 0 0
McCormick & Co. COM 579780206 6,544 88,075 SH   SOLE   88,075 0 0
McDonald's Corp. COM 580135101 8,290 88,475 SH   SOLE   88,475 0 0
Mercadolibre Inc ADR COM 58733r102 737 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933y105 14,697 258,800 SH   SOLE   258,800 0 0
Metlife Inc COM 59156R108 8,345 154,275 SH   SOLE   154,275 0 0
Michael Kors Holdings COM G60754101 2,450 32,625 SH   SOLE   32,625 0 0
Micron Technology Inc. COM 595112103 3,423 97,770 SH   SOLE   97,770 0 0
Microsoft Corp COM 594918104 31,309 674,041 SH   SOLE   674,041 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,363 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 385 1,425 SH   SOLE   1,425 0 0
Molson Coors Brewing Company COM 60871r209 7,072 94,900 SH   SOLE   94,900 0 0
Mondelez International Inc COM 609207105 717 19,727 SH   SOLE   19,727 0 0
Monsanto Co. COM 61166w101 5,597 46,850 SH   SOLE   46,850 0 0
Morgan Stanley, Dean Witter, D COM 617446448 7,857 202,500 SH   SOLE   202,500 0 0
Mylan Inc. COM 628530107 11,601 205,800 SH   SOLE   205,800 0 0
National Fuel Gas Co. COM 636180101 626 9,000 SH   SOLE   9,000 0 0
National Oilwell Varco Inc COM 637071101 4,777 72,900 SH   SOLE   72,900 0 0
New York Community Bancorp COM 649445103 2,143 133,925 SH   SOLE   133,925 0 0
Newell Rubbermaid Inc. COM 651229106 229 6,000 SH   SOLE   6,000 0 0
NextEra Energy Inc COM 65339f101 4,445 41,816 SH   SOLE   41,816 0 0
NICE Systems Ltd ADR COM 653656108 352 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 1,610 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 7,392 174,250 SH   SOLE   174,250 0 0
Norsk Hydro ASA ADR COM 656531605 113 20,000 SH   SOLE   20,000 0 0
Northen Tier Energy LP COM 665826103 1,038 46,900 SH   SOLE   46,900 0 0
Northrop Grumman Corp. COM 666807102 7,381 50,075 SH   SOLE   50,075 0 0
Novartis ADR COM 66987v109 3,113 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 2,624 62,000 SH   SOLE   62,000 0 0
Now Inc COM 67011p100 469 18,222 SH   SOLE   18,222 0 0
NRG Energy, Inc. COM 629377508 2,666 98,925 SH   SOLE   98,925 0 0
Occidental Petroleum COM 674599105 6,292 78,050 SH   SOLE   78,050 0 0
Oracle Corp. COM 68389x105 14,469 321,745 SH   SOLE   321,745 0 0
Orange SA ADR COM 684060106 558 33,000 SH   SOLE   33,000 0 0
Owens-Illinois Inc COM 690768403 1,007 37,300 SH   SOLE   37,300 0 0
Panasonic Corp ADR COM 69832a205 740 62,200 SH   SOLE   62,200 0 0
Park National COM 700658107 239 2,700 SH   SOLE   2,700 0 0
Parker Hannifin COM 701094104 1,083 8,400 SH   SOLE   8,400 0 0
Pepco Holdings, Inc. COM 713291102 2,319 86,109 SH   SOLE   86,109 0 0
PepsiCo, Inc. COM 713448108 12,023 127,150 SH   SOLE   127,150 0 0
Petroleo Brasileiro SA ADR COM 71654v408 120 16,400 SH   SOLE   16,400 0 0
Petsmart Inc. COM 716768106 1,187 14,600 SH   SOLE   14,600 0 0
Pfizer, Inc. COM 717081103 17,277 554,624 SH   SOLE   554,624 0 0
Philip Morris International In COM 718172109 3,111 38,200 SH   SOLE   38,200 0 0
Pinnacle West Capital COM 723484101 881 12,900 SH   SOLE   12,900 0 0
Pitney Bowes Inc. COM 724479100 487 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 2,925 57,000 SH   SOLE   57,000 0 0
PNC Financial Services Group COM 693475105 14,116 154,734 SH   SOLE   154,734 0 0
Polaris Industries COM 731068102 2,117 14,000 SH   SOLE   14,000 0 0
Potash Corp of Saskatchewan In COM 73755L107 890 25,200 SH   SOLE   25,200 0 0
PPG Industries, Inc. COM 693506107 1,115 4,825 SH   SOLE   4,825 0 0
PPL Corp. COM 69351t106 2,645 72,800 SH   SOLE   72,800 0 0
Praxair, Inc. COM 74005P104 4,710 36,350 SH   SOLE   36,350 0 0
Principal Financial Group COM 74251V102 10,694 205,900 SH   SOLE   205,900 0 0
Procter & Gamble, Inc. COM 742718109 25,332 278,100 SH   SOLE   278,100 0 0
Prospect Capital Corp COM 74348t102 775 93,825 SH   SOLE   93,825 0 0
Prudential Financial, Inc. COM 744320102 16,195 179,025 SH   SOLE   179,025 0 0
PTC Inc COM 69370c100 3,407 92,950 SH   SOLE   92,950 0 0
Public Service Enterprise Grou COM 744573106 1,598 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 14,996 201,750 SH   SOLE   201,750 0 0
Quest Diagnostics Inc COM 74834L100 731 10,900 SH   SOLE   10,900 0 0
Regal Entertainment Group - A COM 758766109 3,830 179,325 SH   SOLE   179,325 0 0
Regions Financial Corp. COM 7591EP100 197 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 220 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169b102 3,557 126,100 SH   SOLE   126,100 0 0
Reynolds American Inc. COM 761713106 2,134 33,200 SH   SOLE   33,200 0 0
Rio Tinto Plc ADR COM 767204100 672 14,600 SH   SOLE   14,600 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 995 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 7,924 93,800 SH   SOLE   93,800 0 0
Royal Dutch Shell PLC ADR COM 780259206 2,675 39,950 SH   SOLE   39,950 0 0
Ryder Systems, Inc. COM 783549108 780 8,400 SH   SOLE   8,400 0 0
Sandisk Corp. COM 80004c101 3,576 36,500 SH   SOLE   36,500 0 0
Sanofi ADR COM 80105n105 1,797 39,400 SH   SOLE   39,400 0 0
Santos Limited ADR COM 803021708 302 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 1,449 20,800 SH   SOLE   20,800 0 0
Scana Corp COM 80589M102 1,365 22,596 SH   SOLE   22,596 0 0
Schlumberger Ltd. COM 806857108 11,304 132,350 SH   SOLE   132,350 0 0
Seadrill Ltd COM G7945e105 781 65,400 SH   SOLE   65,400 0 0
Sealed Air Corp. COM 81211k100 3,460 81,550 SH   SOLE   81,550 0 0
Sensata Technologies Holding A COM N7902X106 649 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762p102 4,439 65,425 SH   SOLE   65,425 0 0
Shinhan Financial Grp ADR COM 824596100 380 9,400 SH   SOLE   9,400 0 0
Ship Finance Intl Ltd COM g81075106 984 69,700 SH   SOLE   69,700 0 0
Simon Property Group, Inc. COM 828806109 2,418 13,277 SH   SOLE   13,277 0 0
Singapore Telecom-SP ADR COM 82929R304 990 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 518 25,300 SH   SOLE   25,300 0 0
Southern Co. COM 842587107 627 12,774 SH   SOLE   12,774 0 0
Spectra Energy Corp COM 847560109 2,873 79,150 SH   SOLE   79,150 0 0
Spectra Energy Partners LP COM 84756n109 1,148 20,150 SH   SOLE   20,150 0 0
Starbucks Corp. COM 855244109 4,541 55,350 SH   SOLE   55,350 0 0
Starwood Hotels & Resorts Inc. COM 85590A401 7,912 97,600 SH   SOLE   97,600 0 0
State Street Corp. COM 857477103 8,602 109,575 SH   SOLE   109,575 0 0
Statoil ASA ADR COM 85771P102 304 17,242 SH   SOLE   17,242 0 0
Subsea 7 Sa ADR COM 864323100 244 23,900 SH   SOLE   23,900 0 0
Swisscom AG ADR COM 871013108 400 7,600 SH   SOLE   7,600 0 0
Syngenta AG ADR COM 87160a100 556 8,650 SH   SOLE   8,650 0 0
Synopsys Inc. COM 871607107 735 16,900 SH   SOLE   16,900 0 0
Syntel, Inc. COM 87162H103 529 11,750 SH   SOLE   11,750 0 0
Taiwan Semiconductor Manufactu COM 874039100 1,307 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612e106 12,569 165,575 SH   SOLE   165,575 0 0
TDK Corp. ADR COM 872351408 233 3,900 SH   SOLE   3,900 0 0
Telecom Italia ADR COM 87927y102 199 18,880 SH   SOLE   18,880 0 0
Telefonica SA ADR COM 879382208 695 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 239 5,475 SH   SOLE   5,475 0 0
Tessera Technologies Inc. COM 88164L100 5,207 145,600 SH   SOLE   145,600 0 0
Teva Pharmaceutical Industries COM 881624209 939 16,325 SH   SOLE   16,325 0 0
Texas Instruments COM 882508104 8,934 167,100 SH   SOLE   167,100 0 0
The Travelers Companies, Inc. COM 89417E109 17,015 160,751 SH   SOLE   160,751 0 0
Thermo Fisher Scientific Inc COM 883556102 8,263 65,950 SH   SOLE   65,950 0 0
Tiffany & Co. COM 886547108 4,742 44,375 SH   SOLE   44,375 0 0
Timken Co COM 887389104 666 15,600 SH   SOLE   15,600 0 0
TimkenSteel corp COM 887399103 289 7,800 SH   SOLE   7,800 0 0
Tokio Marine Holdings Inc ADR COM 889094108 796 24,250 SH   SOLE   24,250 0 0
Tornier NV ADR COM n87237108 527 20,650 SH   SOLE   20,650 0 0
Total SA ADR COM 89151e109 1,761 34,400 SH   SOLE   34,400 0 0
Toyota Motor Corp. ADR COM 892331307 4,492 35,800 SH   SOLE   35,800 0 0
Transcanada Pipelines Ltd COM 89353d107 1,898 38,650 SH   SOLE   38,650 0 0
Tupperware Brands Corp COM 899896104 2,054 32,600 SH   SOLE   32,600 0 0
Twenty First Century Fox Inc COM 90130a101 4,779 124,425 SH   SOLE   124,425 0 0
Two Harbors Investment Corp COM 90187b101 1,022 102,000 SH   SOLE   102,000 0 0
U.S. Bancorp COM 902973304 12,407 276,017 SH   SOLE   276,017 0 0
UBS Group AG COM h42097107 448 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 1,483 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 6,921 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 11,977 118,475 SH   SOLE   118,475 0 0
United Parcel Services Cl B COM 911312106 11,456 103,050 SH   SOLE   103,050 0 0
United Technologies COM 913017109 11,719 101,900 SH   SOLE   101,900 0 0
Varian Medical Systems Inc COM 92220P105 5,558 64,250 SH   SOLE   64,250 0 0
Verizon Communications Inc COM 92343v104 14,235 304,290 SH   SOLE   304,290 0 0
Visa Inc COM 92826c839 4,973 18,967 SH   SOLE   18,967 0 0
Vodafone Group PLC ADR COM 92857w308 966 28,265 SH   SOLE   28,265 0 0
Volvo AB ADR COM 928856400 237 21,875 SH   SOLE   21,875 0 0
Vulcan Materials COM 929160109 1,768 26,900 SH   SOLE   26,900 0 0
Waddell & Reed Financial, Inc. COM 930059100 897 18,000 SH   SOLE   18,000 0 0
Wal-Mart COM 931142103 13,947 162,400 SH   SOLE   162,400 0 0
Walgreens Boots Alliance Inc COM 931427108 9,870 129,525 SH   SOLE   129,525 0 0
Walt Disney Co. COM 254687106 25,516 270,900 SH   SOLE   270,900 0 0
Weingarten Realty Investors COM 948741103 1,018 29,150 SH   SOLE   29,150 0 0
Wells Fargo Co. COM 949746101 19,702 359,393 SH   SOLE   359,393 0 0
Western Gas Partners COM 958254104 727 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 4,089 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 2,997 66,700 SH   SOLE   66,700 0 0
Windstream Holdings Inc COM 97382a101 3,590 435,663 SH   SOLE   435,663 0 0
Wisconsin Energy Corp. COM 976657106 4,765 90,350 SH   SOLE   90,350 0 0
WPP PLC ADR COM 92937a102 583 5,600 SH   SOLE   5,600 0 0
Zoetis COM 98978v103 3,704 86,075 SH   SOLE   86,075 0 0
Kinder Morgan Inc Del Warrant COM 49456b119 186 43,564 SH   SOLE   43,564 0 0
Wisdomtree Emerging Markets Eq COM 97717w315 6,652 157,775 SH   SOLE   157,775 0 0