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
8x8 Inc COM 282914100 3,535 261,850 SH   SOLE   261,850 0 0
ABB Ltd-Spon ADR COM 000375204 850 34,350 SH   SOLE   34,350 0 0
Abbott Labs COM 002824100 7,214 135,190 SH   SOLE   135,190 0 0
Abbvie Inc COM 00287y109 14,217 159,990 SH   SOLE   159,990 0 0
Accenture PLC CL A COM g1151c101 5,708 42,260 SH   SOLE   42,260 0 0
Activision Blizzard Inc COM 00507v109 6,055 93,855 SH   SOLE   93,855 0 0
Adidas AG COM 00687a107 588 5,200 SH   SOLE   5,200 0 0
Adobe Systems COM 00724f101 11,674 78,254 SH   SOLE   78,254 0 0
Agrium Inc COM 008916108 6,170 57,550 SH   SOLE   57,550 0 0
Air Products & Chemicals, Inc. COM 009158106 3,970 26,255 SH   SOLE   26,255 0 0
Alcentra Capital Corp COM 01374t102 1,725 161,031 SH   SOLE   161,031 0 0
Alibaba Group Holdings COM 01609w102 7,091 41,060 SH   SOLE   41,060 0 0
Allegheny Technologies Inc. COM 01741r102 203 8,500 SH   SOLE   8,500 0 0
Allergan PLC COM g0177j108 5,140 25,080 SH   SOLE   25,080 0 0
Allstate Corp COM 020002101 3,670 39,925 SH   SOLE   39,925 0 0
Ally Financial Inc COM 02005n100 351 14,450 SH   SOLE   14,450 0 0
Alphabet Inc Class A COM 02079k305 24,732 25,400 SH   SOLE   25,400 0 0
Alphabet Inc Class C COM 02079k107 24,426 25,467 SH   SOLE   25,467 0 0
Altria Group, Inc. COM 02209s103 20,198 318,475 SH   SOLE   318,475 0 0
Amadeus IT Group COM 02263t104 644 9,900 SH   SOLE   9,900 0 0
Amazon.com, Inc. COM 023135106 17,799 18,515 SH   SOLE   18,515 0 0
Ambev SA ADR COM 02319v103 766 116,250 SH   SOLE   116,250 0 0
Amdocs Ltd COM G02602103 915 14,225 SH   SOLE   14,225 0 0
America Movil SA de CV ADR COM 02364w105 480 27,050 SH   SOLE   27,050 0 0
American Campus Communities COM 024835100 4,190 94,900 SH   SOLE   94,900 0 0
American Electric Power COM 025537101 4,574 65,115 SH   SOLE   65,115 0 0
American Express COM 025816109 11,807 130,525 SH   SOLE   130,525 0 0
American States Water Co COM 029899101 1,625 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 3,649 74,700 SH   SOLE   74,700 0 0
Andeavor COM 03349M105 4,597 44,564 SH   SOLE   44,564 0 0
Anheuser-Busch COM 03524a108 9,684 81,170 SH   SOLE   81,170 0 0
Anthem Inc COM 036752103 12,335 64,960 SH   SOLE   64,960 0 0
Apache Corp COM 037411105 2,706 59,090 SH   SOLE   59,090 0 0
Apollo Global Management LLC COM 037612306 2,033 67,525 SH   SOLE   67,525 0 0
Apple Inc COM 037833100 68,461 444,205 SH   SOLE   444,205 0 0
Ares Capital Corp COM 04010L103 266 16,200 SH   SOLE   16,200 0 0
Arthur J. Gallagher & Co. COM 363576109 8,325 135,250 SH   SOLE   135,250 0 0
AstraZeneca Group PLC ADR COM 046353108 893 26,350 SH   SOLE   26,350 0 0
AT&T Inc. COM 00206R102 21,223 541,823 SH   SOLE   541,823 0 0
Atmos Energy Corp. COM 049560105 1,155 13,781 SH   SOLE   13,781 0 0
AXA SA ADR COM 054536107 796 26,300 SH   SOLE   26,300 0 0
Baidu.com COM 056752108 749 3,025 SH   SOLE   3,025 0 0
Baker Hughes A GE Co COM 05722G100 387 10,569 SH   SOLE   10,569 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 943 105,716 SH   SOLE   105,716 0 0
Banco de Chile ADR COM 059520106 445 4,876 SH   SOLE   4,876 0 0
Banco Santander Central Hispan COM 05964h105 406 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 12,527 236,272 SH   SOLE   236,272 0 0
Barclays PLC ADR COM 06738e204 358 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,538 14,450 SH   SOLE   14,450 0 0
BB&T Corporation COM 054937107 4,468 95,190 SH   SOLE   95,190 0 0
Becton Dickinson and Co COM 075887109 1,389 7,091 SH   SOLE   7,091 0 0
BHP Billiton Ltd. ADR COM 088606108 911 22,475 SH   SOLE   22,475 0 0
Biomarin Pharmaceutical Inc COM 09061g101 2,615 28,095 SH   SOLE   28,095 0 0
Blackstone Group LP COM 09253u108 6,044 181,129 SH   SOLE   181,129 0 0
Bloomin Brands Inc COM 094235108 3,262 185,325 SH   SOLE   185,325 0 0
Boeing Company COM 097023105 32,907 129,450 SH   SOLE   129,450 0 0
Boston Properties Inc COM 101121101 582 4,740 SH   SOLE   4,740 0 0
BP plc ADR COM 055622104 3,195 83,150 SH   SOLE   83,150 0 0
Brambles LTD COM 105105209 551 39,000 SH   SOLE   39,000 0 0
Brighthouse Financial Inc COM 10922n103 850 13,983 SH   SOLE   13,983 0 0
British American Tob SP ADR COM 110448107 5,258 84,195 SH   SOLE   84,195 0 0
Broadcom Ltd COM y09827109 7,207 29,713 SH   SOLE   29,713 0 0
Calpine Corp COM 131347304 219 14,850 SH   SOLE   14,850 0 0
Canadian Solar Inc COM 136635109 224 13,325 SH   SOLE   13,325 0 0
Capital One Financial COM 14040H105 7,084 83,675 SH   SOLE   83,675 0 0
Carrizo Oil & Gas Inc COM 144577103 1,326 77,410 SH   SOLE   77,410 0 0
Caterpillar Inc. COM 149123101 5,835 46,785 SH   SOLE   46,785 0 0
CBS Corp COM 124857202 6,146 105,960 SH   SOLE   105,960 0 0
Celgene Corp. COM 151020104 32,102 220,145 SH   SOLE   220,145 0 0
Cemex SAB de CV ADR COM 151290889 159 17,486 SH   SOLE   17,486 0 0
CenturyLink Inc. COM 156700106 1,563 82,675 SH   SOLE   82,675 0 0
Charles Schwab Corp. COM 808513105 12,002 274,400 SH   SOLE   274,400 0 0
Chart Industries Inc COM 16115q308 2,812 71,680 SH   SOLE   71,680 0 0
Chesapeake Energy Corp COM 165167107 49 11,400 SH   SOLE   11,400 0 0
Chevron Corp. COM 166764100 18,188 154,795 SH   SOLE   154,795 0 0
Church & Dwight Co. COM 171340102 9,330 192,560 SH   SOLE   192,560 0 0
Cielo SA COM 171778202 553 79,725 SH   SOLE   79,725 0 0
CIG Group Inc COM 39945c109 619 11,925 SH   SOLE   11,925 0 0
Cincinnati Financial COM 172062101 1,110 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243v102 2,666 73,625 SH   SOLE   73,625 0 0
Cisco Systems COM 17275R102 14,851 441,585 SH   SOLE   441,585 0 0
Citigroup Inc. COM 172967424 13,854 190,455 SH   SOLE   190,455 0 0
CK Hutchison Holdings Limited COM 12562y100 1,209 94,694 SH   SOLE   94,694 0 0
CMS Energy Corp. COM 125896100 6,632 143,185 SH   SOLE   143,185 0 0
Coca-Cola COM 191216100 689 15,300 SH   SOLE   15,300 0 0
Cogent Communications Holding COM 19239v302 7,851 160,555 SH   SOLE   160,555 0 0
Cognizant Tech Solutions Corp. COM 192446102 5,369 74,017 SH   SOLE   74,017 0 0
Columbia Sportswear Co COM 198516106 4,939 80,200 SH   SOLE   80,200 0 0
Comerica, Inc. COM 200340107 1,449 19,000 SH   SOLE   19,000 0 0
Constellation Brands COM 21036p108 14,006 70,225 SH   SOLE   70,225 0 0
Continental Resources Inc COM 212015101 3,411 88,355 SH   SOLE   88,355 0 0
Corning Inc. COM 219350105 5,917 197,755 SH   SOLE   197,755 0 0
Costco Co. COM 22160k105 6,953 42,320 SH   SOLE   42,320 0 0
Covanta Holding Corp COM 22282e102 1,899 127,900 SH   SOLE   127,900 0 0
Cracker Barrel Old Country Sto COM 22410j106 1,478 9,750 SH   SOLE   9,750 0 0
Crown Castle International Cor COM 22822V101 7,960 79,615 SH   SOLE   79,615 0 0
CTRIP.COM International ADR COM 22943F100 591 11,200 SH   SOLE   11,200 0 0
Cummins Inc COM 231021106 6,493 38,640 SH   SOLE   38,640 0 0
CVS Health Corp COM 126650100 10,552 129,754 SH   SOLE   129,754 0 0
Daimler AG ADR COM D1668R123 1,291 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 13,618 158,750 SH   SOLE   158,750 0 0
Danone ADR COM 23636t100 581 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 11,003 139,670 SH   SOLE   139,670 0 0
Davita Inc COM 23918K108 5,633 94,850 SH   SOLE   94,850 0 0
DCP Midstream LP COM 23311p100 1,275 36,800 SH   SOLE   36,800 0 0
DDR Corp COM 23317h102 130 14,186 SH   SOLE   14,186 0 0
Deutsche Post AG ADR COM 25157y202 445 10,000 SH   SOLE   10,000 0 0
Deutsche Telekom AG ADR COM 251566105 1,136 60,900 SH   SOLE   60,900 0 0
Diageo PLC ADR COM 25243q205 1,496 11,325 SH   SOLE   11,325 0 0
Diamondback Energy Inc COM 25278x109 2,236 22,828 SH   SOLE   22,828 0 0
Digital Realty COM 253868103 2,698 22,800 SH   SOLE   22,800 0 0
Dollar General COM 256677105 5,520 68,100 SH   SOLE   68,100 0 0
Dominion Diamond Corp COM 257287102 1,935 136,475 SH   SOLE   136,475 0 0
Dominion Energy Inc COM 25746u109 4,279 55,625 SH   SOLE   55,625 0 0
DowDuPont Inc COM 26078j100 5,003 72,271 SH   SOLE   72,271 0 0
Dr. Pepper Snapple Group, Inc COM 26138e109 488 5,520 SH   SOLE   5,520 0 0
Duke Energy Corp. COM 26441C204 7,790 92,831 SH   SOLE   92,831 0 0
Duke Realty Corp. COM 264411505 2,153 74,700 SH   SOLE   74,700 0 0
Eagle Materials Inc COM 26969P108 4,638 43,465 SH   SOLE   43,465 0 0
Edison Int'l COM 281020107 3,012 39,025 SH   SOLE   39,025 0 0
Enbridge Energy Partners LP COM 29250r106 1,591 99,540 SH   SOLE   99,540 0 0
Enbridge Inc COM 29250n105 2,316 55,348 SH   SOLE   55,348 0 0
ENI SPA ADR COM 26874r108 743 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 2,174 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875p101 8,441 87,250 SH   SOLE   87,250 0 0
EPAM Systems Inc COM 29414b104 3,755 42,700 SH   SOLE   42,700 0 0
EPR Properties COM 26884u109 4,378 62,780 SH   SOLE   62,780 0 0
Equity Residential Properties COM 29476l107 3,372 51,150 SH   SOLE   51,150 0 0
Essex Property Trust Inc COM 297178105 5,081 20,000 SH   SOLE   20,000 0 0
Exact Sciences Corp COM 30063P105 7,780 165,120 SH   SOLE   165,120 0 0
Expedia Inc COM 30212p303 5,104 35,460 SH   SOLE   35,460 0 0
Express COM 30219e103 95 14,000 SH   SOLE   14,000 0 0
Express Scripts Holding Compan COM 30219g108 4,876 77,000 SH   SOLE   77,000 0 0
Exxon Mobil Corp. COM 30231g102 21,536 262,704 SH   SOLE   262,704 0 0
Facebook Inc COM 30303M102 25,400 148,651 SH   SOLE   148,651 0 0
Fanuc Corp COM 307305102 604 29,825 SH   SOLE   29,825 0 0
Fedex Corp. COM 31428x106 6,579 29,165 SH   SOLE   29,165 0 0
Ferrovial SA COM 315437103 596 27,050 SH   SOLE   27,050 0 0
Fifth Street Finance Corp COM 31678a103 149 27,200 SH   SOLE   27,200 0 0
Fifth Third Bancorp COM 316773100 5,031 179,810 SH   SOLE   179,810 0 0
Flowserve Corp. COM 34354P105 5,242 123,075 SH   SOLE   123,075 0 0
Fomento Economico Mexicana-SP COM 344419106 683 7,150 SH   SOLE   7,150 0 0
Ford Motor Co. COM 345370860 3,420 285,695 SH   SOLE   285,695 0 0
Fortinet Inc COM 34959e109 4,005 111,750 SH   SOLE   111,750 0 0
Fortive Corp COM 34959j108 5,789 81,775 SH   SOLE   81,775 0 0
Four Corners Property Trust In COM 35086t109 1,536 61,647 SH   SOLE   61,647 0 0
Freeport-McMoRan Inc COM 35671d857 190 13,500 SH   SOLE   13,500 0 0
GameStop Corp. COM 36467w109 1,592 77,050 SH   SOLE   77,050 0 0
General Electric Co. COM 369604103 20,199 835,375 SH   SOLE   835,375 0 0
General Motors Inc COM 37045v100 4,790 118,620 SH   SOLE   118,620 0 0
Genuine Parts Co. COM 372460105 2,841 29,700 SH   SOLE   29,700 0 0
Getinge AB COM 37427x104 626 33,475 SH   SOLE   33,475 0 0
GGP Inc COM 36174x101 378 18,176 SH   SOLE   18,176 0 0
Gilead Science Inc COM 375558103 15,627 192,875 SH   SOLE   192,875 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,338 32,950 SH   SOLE   32,950 0 0
Goldman Sachs Group COM 38141g104 13,970 58,900 SH   SOLE   58,900 0 0
Grifols SA ADR COM 398438408 474 21,650 SH   SOLE   21,650 0 0
Grupo Televisa SA ADR COM 40049j206 270 10,925 SH   SOLE   10,925 0 0
Guidewire Software Inc COM 40171v100 4,337 55,700 SH   SOLE   55,700 0 0
Halliburton Co. COM 406216101 6,347 137,895 SH   SOLE   137,895 0 0
HCP Inc COM 40414L109 1,696 60,940 SH   SOLE   60,940 0 0
Hellenic Telecom Organization COM 423325307 242 40,100 SH   SOLE   40,100 0 0
Hitachi Ltd. ADR COM 433578507 669 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 734 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 30,972 189,360 SH   SOLE   189,360 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,540 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 16,185 114,190 SH   SOLE   114,190 0 0
Host Hotels & Resorts Inc. COM 44107P104 9,414 509,155 SH   SOLE   509,155 0 0
HP Inc COM 40434l105 975 48,850 SH   SOLE   48,850 0 0
HSBC Holdings ADR COM 404280406 707 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 800 7,200 SH   SOLE   7,200 0 0
Icahn Enterprises LP COM 451100101 1,784 32,525 SH   SOLE   32,525 0 0
Icon PLC ADR COM G4705A100 843 7,400 SH   SOLE   7,400 0 0
Imperva Inc COM 45321L100 288 6,625 SH   SOLE   6,625 0 0
Infineon Technologies ADR COM 45662n103 926 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,270 155,600 SH   SOLE   155,600 0 0
Ing Groep NV ADR COM 456837103 289 15,700 SH   SOLE   15,700 0 0
Ingenico Group COM 45684w107 350 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 15,243 400,280 SH   SOLE   400,280 0 0
International Business Machine COM 459200101 2,461 16,962 SH   SOLE   16,962 0 0
Intesa Sanpaolo ADR COM 46115h107 231 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM g491bt108 6,746 192,515 SH   SOLE   192,515 0 0
Iron Mountain Inc. COM 46284V101 9,367 240,785 SH   SOLE   240,785 0 0
Itau Unibanco Holding SA ADR COM 465562106 455 33,206 SH   SOLE   33,206 0 0
JD.com Inc COM 47215p106 4,464 116,850 SH   SOLE   116,850 0 0
Johnson & Johnson COM 478160104 28,891 222,225 SH   SOLE   222,225 0 0
Johnson Controls Interanationa COM g51502105 4,496 111,584 SH   SOLE   111,584 0 0
JPMorgan Chase & Co. COM 46625h100 30,836 322,857 SH   SOLE   322,857 0 0
Kellogg Co. COM 487836108 2,284 36,620 SH   SOLE   36,620 0 0
Kimco Realty Corp. COM 49446r109 1,651 84,475 SH   SOLE   84,475 0 0
Kinder Morgan Inc. COM 49456b101 2,679 139,702 SH   SOLE   139,702 0 0
Kingfisher PLC ADR COM 495724403 208 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 783 33,300 SH   SOLE   33,300 0 0
KKR & Co LP COM 48248m102 1,974 97,100 SH   SOLE   97,100 0 0
Koninklijke Ahold Delhaize NV COM 500467501 280 14,953 SH   SOLE   14,953 0 0
Koninklijke KPN NV ADR COM 780641205 52 15,000 SH   SOLE   15,000 0 0
Koninklijke Philips NV ADR COM 500472303 350 8,500 SH   SOLE   8,500 0 0
Korea Electric Power Corp COM 500631106 521 31,075 SH   SOLE   31,075 0 0
Kroger Co COM 501044101 4,239 211,300 SH   SOLE   211,300 0 0
Kubota Corp-Spon ADR COM 501173207 443 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 4,011 96,390 SH   SOLE   96,390 0 0
Lamar Advertising Co COM 512816109 1,509 22,025 SH   SOLE   22,025 0 0
Las Vegas Sands COM 517834107 1,798 28,025 SH   SOLE   28,025 0 0
Leggett & Platt COM 524660107 1,623 34,000 SH   SOLE   34,000 0 0
Liberty Property Trust COM 531172104 2,465 60,040 SH   SOLE   60,040 0 0
Lilly (Eli) & Co. COM 532457108 14,745 172,370 SH   SOLE   172,370 0 0
Logitech International SA ADR COM H50430232 1,532 42,020 SH   SOLE   42,020 0 0
Lowe's Co. COM 548661107 18,216 227,870 SH   SOLE   227,870 0 0
Luxottica Group SPA ADR COM 55068r202 403 7,200 SH   SOLE   7,200 0 0
Lyondellbassel Industries N.V. COM N53745100 3,781 38,175 SH   SOLE   38,175 0 0
Macerich Co. COM 554382101 1,191 21,659 SH   SOLE   21,659 0 0
Mack-Cali Realty Corp. COM 554489104 285 12,000 SH   SOLE   12,000 0 0
Macquarie Infrastructure Co COM 55608B105 1,832 25,375 SH   SOLE   25,375 0 0
Marriott International COM 571903202 8,036 72,880 SH   SOLE   72,880 0 0
Marsh & McLennan Companies, In COM 571748102 17,044 203,360 SH   SOLE   203,360 0 0
Mattel Inc. COM 577081102 2,826 182,570 SH   SOLE   182,570 0 0
Maxim Integrated Products, Inc COM 57772k101 7,260 152,175 SH   SOLE   152,175 0 0
McCormick & Co. COM 579780206 8,805 85,785 SH   SOLE   85,785 0 0
McDonald's Corp. COM 580135101 13,814 88,165 SH   SOLE   88,165 0 0
Mckesson HBOC Inc. COM 58155q103 2,207 14,370 SH   SOLE   14,370 0 0
Medtronic Inc COM g5960l103 5,974 76,813 SH   SOLE   76,813 0 0
Mercadolibre Inc ADR COM 58733r102 1,495 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933y105 16,064 250,890 SH   SOLE   250,890 0 0
Metlife Inc COM 59156R108 7,992 153,835 SH   SOLE   153,835 0 0
Micron Technology Inc. COM 595112103 378 9,600 SH   SOLE   9,600 0 0
Microsoft Corp COM 594918104 48,168 646,640 SH   SOLE   646,640 0 0
Minerals Technologies Inc COM 603158106 3,641 51,540 SH   SOLE   51,540 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,588 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 421 1,425 SH   SOLE   1,425 0 0
Mohawk Industries Inc. COM 608190104 4,503 18,195 SH   SOLE   18,195 0 0
Molson Coors Brewing Company COM 60871r209 7,726 94,630 SH   SOLE   94,630 0 0
Monsanto Co. COM 61166w101 4,929 41,140 SH   SOLE   41,140 0 0
Morgan Stanley, Dean Witter, D COM 617446448 9,726 201,900 SH   SOLE   201,900 0 0
MRC Global Inc COM 55345k103 2,656 151,850 SH   SOLE   151,850 0 0
National Fuel Gas Co. COM 636180101 509 9,000 SH   SOLE   9,000 0 0
National Grid PLC COM 636274409 589 9,400 SH   SOLE   9,400 0 0
Netflix Inc COM 64110l106 4,970 27,405 SH   SOLE   27,405 0 0
New York Community Bancorp COM 649445103 1,712 132,800 SH   SOLE   132,800 0 0
NextEra Energy Inc COM 65339f101 6,108 41,681 SH   SOLE   41,681 0 0
NICE Ltd ADR COM 653656108 565 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 2,879 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 4,329 169,180 SH   SOLE   169,180 0 0
Nokia Corp ADR COM 654902204 516 86,225 SH   SOLE   86,225 0 0
Norsk Hydro ASA ADR COM 656531605 145 20,000 SH   SOLE   20,000 0 0
Northrop Grumman Corp. COM 666807102 14,353 49,885 SH   SOLE   49,885 0 0
Novartis ADR COM 66987v109 2,885 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 2,985 62,000 SH   SOLE   62,000 0 0
Omega Healthcare Investors COM 681936100 1,904 59,675 SH   SOLE   59,675 0 0
Oracle Corp. COM 68389x105 12,256 253,484 SH   SOLE   253,484 0 0
Outfront Media Inc COM 69007j106 1,897 75,325 SH   SOLE   75,325 0 0
Owens-Illinois Inc COM 690768403 239 9,500 SH   SOLE   9,500 0 0
Pacwest Bancorp COM 695263103 1,943 38,475 SH   SOLE   38,475 0 0
Palo Alto Networks Inc COM 697435105 2,571 17,840 SH   SOLE   17,840 0 0
Panasonic Corp ADR COM 69832a205 901 62,200 SH   SOLE   62,200 0 0
Parsley Energy Inc COM 701877102 2,138 81,185 SH   SOLE   81,185 0 0
Pattern Energy Group Inc COM 70338p100 1,692 70,225 SH   SOLE   70,225 0 0
PepsiCo, Inc. COM 713448108 14,139 126,890 SH   SOLE   126,890 0 0
Pfizer, Inc. COM 717081103 19,752 553,264 SH   SOLE   553,264 0 0
Philip Morris International In COM 718172109 4,192 37,760 SH   SOLE   37,760 0 0
Pinnacle West Capital COM 723484101 211 2,500 SH   SOLE   2,500 0 0
Pitney Bowes Inc. COM 724479100 280 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 1,204 56,815 SH   SOLE   56,815 0 0
PNC Financial Services Group COM 693475105 19,775 146,734 SH   SOLE   146,734 0 0
Polaris Industries COM 731068102 691 6,600 SH   SOLE   6,600 0 0
PPG Industries, Inc. COM 693506107 1,049 9,650 SH   SOLE   9,650 0 0
PPL Corp. COM 69351t106 2,745 72,330 SH   SOLE   72,330 0 0
Prada SPA ADR COM 73942h100 217 31,100 SH   SOLE   31,100 0 0
Principal Financial Group COM 74251V102 12,770 198,480 SH   SOLE   198,480 0 0
Procter & Gamble, Inc. COM 742718109 25,029 275,100 SH   SOLE   275,100 0 0
Prologis Trust COM 74340w103 10,223 161,095 SH   SOLE   161,095 0 0
Prospect Capital Corp COM 74348t102 631 93,825 SH   SOLE   93,825 0 0
Prudential Financial, Inc. COM 744320102 16,865 158,625 SH   SOLE   158,625 0 0
PTC Inc COM 69370c100 3,273 58,164 SH   SOLE   58,164 0 0
Public Service Enterprise Grou COM 744573106 1,785 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 4,919 94,882 SH   SOLE   94,882 0 0
Quest Diagnostics Inc COM 74834L100 1,016 10,850 SH   SOLE   10,850 0 0
Red Hat Inc. COM 756577102 4,785 43,160 SH   SOLE   43,160 0 0
Regal Entertainment Group - A COM 758766109 2,682 167,600 SH   SOLE   167,600 0 0
Regions Financial Corp. COM 7591EP100 283 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 216 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169b102 3,194 125,710 SH   SOLE   125,710 0 0
RingCentral Inc COM 76680r206 4,608 110,360 SH   SOLE   110,360 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 936 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 12,232 93,580 SH   SOLE   93,580 0 0
Royal Dutch Shell PLC ADR COM 780259206 2,420 39,950 SH   SOLE   39,950 0 0
Sabra Health Care REIT Inc COM 78573l106 1,436 65,441 SH   SOLE   65,441 0 0
Salesforce.com Inc COM 79466L302 5,915 63,314 SH   SOLE   63,314 0 0
Sanofi ADR COM 80105n105 1,962 39,400 SH   SOLE   39,400 0 0
Santos Limited ADR COM 803021708 141 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 2,281 20,800 SH   SOLE   20,800 0 0
Scana Corp COM 80589M102 1,084 22,346 SH   SOLE   22,346 0 0
Schlumberger Ltd. COM 806857108 12,413 177,936 SH   SOLE   177,936 0 0
Schneider Electric SE ADR COM 80687p106 362 20,775 SH   SOLE   20,775 0 0
Seagate Technology COM G7945M107 1,816 54,750 SH   SOLE   54,750 0 0
Sealed Air Corp. COM 81211k100 3,371 78,900 SH   SOLE   78,900 0 0
Sensata Technologies Holding A COM N7902X106 595 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762p102 3,370 28,671 SH   SOLE   28,671 0 0
Ship Finance Intl Ltd COM g81075106 2,011 138,700 SH   SOLE   138,700 0 0
Simon Property Group, Inc. COM 828806109 2,121 13,172 SH   SOLE   13,172 0 0
Singapore Telecom-SP ADR COM 82929R304 911 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 945 25,300 SH   SOLE   25,300 0 0
Southern Co. COM 842587107 628 12,774 SH   SOLE   12,774 0 0
Spectra Energy Partners LP COM 84756n109 894 20,150 SH   SOLE   20,150 0 0
Splunk Inc COM 848637104 3,826 57,600 SH   SOLE   57,600 0 0
Starbucks Corp. COM 855244109 5,924 110,290 SH   SOLE   110,290 0 0
STMicroelect4ronics NV COM 861012102 683 35,150 SH   SOLE   35,150 0 0
Subsea 7 Sa ADR COM 864323100 392 23,900 SH   SOLE   23,900 0 0
Swisscom AG ADR COM 871013108 390 7,600 SH   SOLE   7,600 0 0
T Mobile US Inc COM 872590104 3,821 61,975 SH   SOLE   61,975 0 0
Taiwan Semiconductor Manufactu COM 874039100 2,192 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612e106 8,885 150,575 SH   SOLE   150,575 0 0
Taro Pharmaceutical Indus COM m8737e108 234 2,075 SH   SOLE   2,075 0 0
TDK Corp. ADR COM 872351408 265 3,900 SH   SOLE   3,900 0 0
Telecom Italia ADR COM 87927y102 177 18,880 SH   SOLE   18,880 0 0
Telenor ASA ADR COM 87944W105 571 27,000 SH   SOLE   27,000 0 0
Tencent Holdings LTD-UNS ADR COM 88032q109 569 13,225 SH   SOLE   13,225 0 0
Teva Pharmaceutical Industries COM 881624209 287 16,325 SH   SOLE   16,325 0 0
Texas Instruments COM 882508104 6,719 74,952 SH   SOLE   74,952 0 0
The Mosaic Co COM 61945c103 1,402 64,925 SH   SOLE   64,925 0 0
The Travelers Companies, Inc. COM 89417E109 19,054 155,516 SH   SOLE   155,516 0 0
Thermo Fisher Scientific Inc COM 883556102 12,421 65,650 SH   SOLE   65,650 0 0
Thomson Reuters Corp COM 884903105 588 12,825 SH   SOLE   12,825 0 0
Tokio Marine Holdings Inc ADR COM 889094108 948 24,250 SH   SOLE   24,250 0 0
Total SA ADR COM 89151e109 1,841 34,400 SH   SOLE   34,400 0 0
Total System Services COM 891906109 5,053 77,150 SH   SOLE   77,150 0 0
Toyota Motor Corp. ADR COM 892331307 4,266 35,800 SH   SOLE   35,800 0 0
Tractor Supply Company COM 892356106 1,614 25,500 SH   SOLE   25,500 0 0
Transcanada Corp COM 89353d107 1,898 38,405 SH   SOLE   38,405 0 0
Trivago NV COM 89686d105 396 36,500 SH   SOLE   36,500 0 0
Tupperware Brands Corp COM 899896104 2,457 39,750 SH   SOLE   39,750 0 0
Twenty First Century Fox Inc COM 90130a101 3,270 123,945 SH   SOLE   123,945 0 0
U.S. Bancorp COM 902973304 14,762 275,467 SH   SOLE   275,467 0 0
UBS Group AG COM h42097107 465 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 2,124 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 6,738 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 22,978 117,325 SH   SOLE   117,325 0 0
United Parcel Services Cl B COM 911312106 11,853 98,700 SH   SOLE   98,700 0 0
United Technologies COM 913017109 11,804 101,690 SH   SOLE   101,690 0 0
Uniti Group Inc COM 91325v108 1,693 115,512 SH   SOLE   115,512 0 0
Valero Energy Corp. COM 91913Y100 3,191 41,475 SH   SOLE   41,475 0 0
Vector Group Ltd COM 92240m108 1,557 76,073 SH   SOLE   76,073 0 0
Verizon Communications Inc COM 92343v104 15,115 305,410 SH   SOLE   305,410 0 0
Visa Inc COM 92826c839 7,966 75,698 SH   SOLE   75,698 0 0
Vulcan Materials COM 929160109 3,206 26,810 SH   SOLE   26,810 0 0
Wal-Mart COM 931142103 11,574 148,120 SH   SOLE   148,120 0 0
Walgreens Boots Alliance Inc COM 931427108 8,101 104,905 SH   SOLE   104,905 0 0
Walt Disney Co. COM 254687106 25,648 260,200 SH   SOLE   260,200 0 0
Weingarten Realty Investors COM 948741103 2,998 94,465 SH   SOLE   94,465 0 0
Wells Fargo Co. COM 949746101 17,046 309,093 SH   SOLE   309,093 0 0
Welltower Inc COM 95040q104 2,683 38,180 SH   SOLE   38,180 0 0
Western Digital COM 958102105 6,215 71,935 SH   SOLE   71,935 0 0
Western Gas Partners COM 958254104 510 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 3,833 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 2,002 66,700 SH   SOLE   66,700 0 0
WNS Holdings LTD COM 92932m101 4,204 115,175 SH   SOLE   115,175 0 0
WPP PLC ADR COM 92937a102 548 5,900 SH   SOLE   5,900 0 0
Wright Medical Group NV COM n96617118 534 20,650 SH   SOLE   20,650 0 0
Yum China Holdings Inc COM 98850p109 637 15,925 SH   SOLE   15,925 0 0
Zoetis COM 98978v103 5,470 85,795 SH   SOLE   85,795 0 0
Wisdomtree Emerging Markets Hi COM 97717w315 727 16,900 SH   SOLE   16,900 0 0