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 815 34,350 SH   SOLE   34,350 0 0
Abbott Labs COM 002824100 8,101 135,190 SH   SOLE   135,190 0 0
Abbvie Inc COM 00287Y109 15,143 159,990 SH   SOLE   159,990 0 0
Accenture PLC CL A COM G1151C101 6,487 42,260 SH   SOLE   42,260 0 0
Activision Blizzard Inc COM 00507V109 6,331 93,855 SH   SOLE   93,855 0 0
Adidas AG COM 00687a107 629 5,200 SH   SOLE   5,200 0 0
Adobe Systems COM 00724F101 16,909 78,254 SH   SOLE   78,254 0 0
Air Products & Chemicals, Inc. COM 009158106 4,175 26,255 SH   SOLE   26,255 0 0
Alcentra Capital Corp COM 01374T102 1,121 161,031 SH   SOLE   161,031 0 0
Alexion Pharmaceuticals Inc COM 015351109 3,238 29,050 SH   SOLE   29,050 0 0
Alibaba Group Holdings COM 01609W102 7,536 41,060 SH   SOLE   41,060 0 0
Allegheny Technologies Inc. COM 01741R102 201 8,500 SH   SOLE   8,500 0 0
Allergan PLC COM G0177J108 4,221 25,080 SH   SOLE   25,080 0 0
AllianceBernstein Holding LP COM 01881G106 212 7,900 SH   SOLE   7,900 0 0
Allstate Corp COM 020002101 3,785 39,925 SH   SOLE   39,925 0 0
Ally Financial Inc COM 02005N100 347 12,775 SH   SOLE   12,775 0 0
Alphabet Inc Class A COM 02079K305 26,343 25,400 SH   SOLE   25,400 0 0
Alphabet Inc Class C COM 02079K107 26,277 25,467 SH   SOLE   25,467 0 0
Altria Group, Inc. COM 02209S103 19,847 318,475 SH   SOLE   318,475 0 0
Amadeus IT Group COM 02263t104 732 9,900 SH   SOLE   9,900 0 0
Amazon.com, Inc. COM 023135106 42,074 29,070 SH   SOLE   29,070 0 0
Ambev SA ADR COM 02319V103 845 116,250 SH   SOLE   116,250 0 0
America Movil SA de CV ADR COM 02364W105 516 27,050 SH   SOLE   27,050 0 0
American Campus Communities COM 024835100 3,665 94,900 SH   SOLE   94,900 0 0
American Electric Power COM 025537101 4,466 65,115 SH   SOLE   65,115 0 0
American Express COM 025816109 12,175 130,525 SH   SOLE   130,525 0 0
American States Water Co COM 029899101 1,751 33,000 SH   SOLE   33,000 0 0
Anadarko Petroleum Corp. COM 032511107 4,513 74,700 SH   SOLE   74,700 0 0
Andeavor COM 03349M105 4,481 44,564 SH   SOLE   44,564 0 0
Anheuser-Busch COM 03524A108 8,924 81,170 SH   SOLE   81,170 0 0
Anthem Inc COM 036752103 14,272 64,960 SH   SOLE   64,960 0 0
Apollo Global Management LLC COM 037612306 2,000 67,525 SH   SOLE   67,525 0 0
Apple Inc COM 037833100 74,529 444,205 SH   SOLE   444,205 0 0
Ares Capital Corp COM 04010L103 257 16,200 SH   SOLE   16,200 0 0
Arthur J. Gallagher & Co. COM 363576109 9,296 135,250 SH   SOLE   135,250 0 0
AstraZeneca Group PLC ADR COM 046353108 921 26,350 SH   SOLE   26,350 0 0
AT&T Inc. COM 00206R102 19,316 541,823 SH   SOLE   541,823 0 0
Atmos Energy Corp. COM 049560105 1,161 13,781 SH   SOLE   13,781 0 0
AXA SA ADR COM 054536107 699 26,300 SH   SOLE   26,300 0 0
Baidu.com COM 056752108 675 3,025 SH   SOLE   3,025 0 0
Baker Hughes A GE Co COM 05722G100 294 10,569 SH   SOLE   10,569 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 835 105,716 SH   SOLE   105,716 0 0
Banco de Chile ADR COM 059520106 490 4,876 SH   SOLE   4,876 0 0
Banco Santander Central Hispan COM 05964H105 383 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 12,175 236,272 SH   SOLE   236,272 0 0
Barclays PLC ADR COM 06738E204 409 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 1,466 57,800 SH   SOLE   57,800 0 0
BB&T Corporation COM 054937107 4,954 95,190 SH   SOLE   95,190 0 0
Becton Dickinson and Co COM 075887109 1,537 7,091 SH   SOLE   7,091 0 0
BHP Billiton Ltd. ADR COM 088606108 999 22,475 SH   SOLE   22,475 0 0
Biomarin Pharmaceutical Inc COM 09061G101 2,278 28,095 SH   SOLE   28,095 0 0
Blackstone Group LP COM 09253U108 5,787 181,129 SH   SOLE   181,129 0 0
Bloomin Brands Inc COM 094235108 4,500 185,325 SH   SOLE   185,325 0 0
Boeing Company COM 097023105 42,444 129,450 SH   SOLE   129,450 0 0
Boston Properties Inc COM 101121101 584 4,740 SH   SOLE   4,740 0 0
BP plc ADR COM 055622104 3,371 83,150 SH   SOLE   83,150 0 0
Brambles LTD COM 105105209 605 39,000 SH   SOLE   39,000 0 0
Brighthouse Financial Inc COM 10922N103 719 13,983 SH   SOLE   13,983 0 0
British American Tob SP ADR COM 110448107 3,298 57,159 SH   SOLE   57,159 0 0
Broadcom Ltd COM Y09827109 7,002 29,713 SH   SOLE   29,713 0 0
Canadian Solar Inc COM 136635109 217 13,325 SH   SOLE   13,325 0 0
Capital One Financial COM 14040H105 8,018 83,675 SH   SOLE   83,675 0 0
Carrizo Oil & Gas Inc COM 144577103 1,239 77,410 SH   SOLE   77,410 0 0
Caterpillar Inc. COM 149123101 6,895 46,785 SH   SOLE   46,785 0 0
CBS Corp COM 124857202 5,445 105,960 SH   SOLE   105,960 0 0
Celgene Corp. COM 151020104 7,721 86,545 SH   SOLE   86,545 0 0
Cemex SAB de CV ADR COM 151290889 116 17,486 SH   SOLE   17,486 0 0
CenturyLink Inc. COM 156700106 1,358 82,675 SH   SOLE   82,675 0 0
Charles Schwab Corp. COM 808513105 14,329 274,400 SH   SOLE   274,400 0 0
Chart Industries Inc COM 16115Q308 4,231 71,680 SH   SOLE   71,680 0 0
Chevron Corp. COM 166764100 17,653 154,795 SH   SOLE   154,795 0 0
Church & Dwight Co. COM 171340102 9,194 182,560 SH   SOLE   182,560 0 0
Cielo SA COM 171778202 497 79,725 SH   SOLE   79,725 0 0
CIG Group Inc COM 39945C109 687 11,925 SH   SOLE   11,925 0 0
Cincinnati Financial COM 172062101 1,077 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243V102 2,773 73,625 SH   SOLE   73,625 0 0
Cisco Systems COM 17275R102 18,940 441,585 SH   SOLE   441,585 0 0
Citigroup Inc. COM 172967424 12,856 190,455 SH   SOLE   190,455 0 0
CK Hutchison Holdings Limited COM 12562Y100 1,135 94,694 SH   SOLE   94,694 0 0
CMS Energy Corp. COM 125896100 6,485 143,185 SH   SOLE   143,185 0 0
Coca-Cola COM 191216100 664 15,300 SH   SOLE   15,300 0 0
Cogent Communications Holding COM 19239V302 6,968 160,555 SH   SOLE   160,555 0 0
Cognizant Tech Solutions Corp. COM 192446102 5,958 74,017 SH   SOLE   74,017 0 0
Columbia Sportswear Co COM 198516106 6,130 80,200 SH   SOLE   80,200 0 0
Comerica, Inc. COM 200340107 1,823 19,000 SH   SOLE   19,000 0 0
Constellation Brands COM 21036P108 15,094 66,225 SH   SOLE   66,225 0 0
Continental Resources Inc COM 212015101 5,209 88,355 SH   SOLE   88,355 0 0
Corning Inc. COM 219350105 5,441 195,155 SH   SOLE   195,155 0 0
Costco Co. COM 22160K105 7,974 42,320 SH   SOLE   42,320 0 0
Covanta Holding Corp COM 22282E102 1,855 127,900 SH   SOLE   127,900 0 0
Cracker Barrel Old Country Sto COM 22410J106 1,552 9,750 SH   SOLE   9,750 0 0
Crown Castle International Cor COM 22822V101 8,727 79,615 SH   SOLE   79,615 0 0
CTRIP.COM International ADR COM 22943F100 522 11,200 SH   SOLE   11,200 0 0
Cummins Inc COM 231021106 6,263 38,640 SH   SOLE   38,640 0 0
CVS Health Corp COM 126650100 8,072 129,754 SH   SOLE   129,754 0 0
Daimler AG ADR COM D1668R123 1,374 16,200 SH   SOLE   16,200 0 0
Danaher Corp. COM 235851102 15,543 158,750 SH   SOLE   158,750 0 0
Danone ADR COM 23636t100 598 37,000 SH   SOLE   37,000 0 0
Darden Restaurants Inc. COM 237194105 11,907 139,670 SH   SOLE   139,670 0 0
Davita Inc COM 23918K108 6,254 94,850 SH   SOLE   94,850 0 0
DCP Midstream LP COM 23311P100 1,292 36,800 SH   SOLE   36,800 0 0
Deutsche Post AG ADR COM 25157Y202 437 10,000 SH   SOLE   10,000 0 0
Diageo PLC ADR COM 25243Q205 1,534 11,325 SH   SOLE   11,325 0 0
Diamondback Energy Inc COM 25278X109 2,888 22,828 SH   SOLE   22,828 0 0
Digital Realty COM 253868103 2,403 22,800 SH   SOLE   22,800 0 0
Dollar General COM 256677105 6,371 68,100 SH   SOLE   68,100 0 0
Dominion Energy Inc COM 25746U109 3,751 55,625 SH   SOLE   55,625 0 0
DowDuPont Inc COM 26078J100 4,604 72,271 SH   SOLE   72,271 0 0
Dr. Pepper Snapple Group, Inc COM 26138E109 653 5,520 SH   SOLE   5,520 0 0
Duke Energy Corp. COM 26441C204 7,192 92,831 SH   SOLE   92,831 0 0
Duke Realty Corp. COM 264411505 1,978 74,700 SH   SOLE   74,700 0 0
Eagle Materials Inc COM 26969P108 4,479 43,465 SH   SOLE   43,465 0 0
Edison Int'l COM 281020107 2,484 39,025 SH   SOLE   39,025 0 0
Enbridge Energy Partners LP COM 29250R106 960 99,540 SH   SOLE   99,540 0 0
Enbridge Inc COM 29250N105 1,742 55,348 SH   SOLE   55,348 0 0
ENI SPA ADR COM 26874R108 794 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 2,042 83,400 SH   SOLE   83,400 0 0
EOG Resources COM 26875P101 9,185 87,250 SH   SOLE   87,250 0 0
EPAM Systems Inc COM 29414B104 4,890 42,700 SH   SOLE   42,700 0 0
EPR Properties COM 26884U109 3,478 62,780 SH   SOLE   62,780 0 0
Equity Residential Properties COM 29476L107 3,152 51,150 SH   SOLE   51,150 0 0
Essex Property Trust Inc COM 297178105 4,814 20,000 SH   SOLE   20,000 0 0
Exact Sciences Corp COM 30063P105 6,659 165,120 SH   SOLE   165,120 0 0
Expedia Group Inc COM 30212P303 3,915 35,460 SH   SOLE   35,460 0 0
Express Scripts Holding Compan COM 30219G108 5,319 77,000 SH   SOLE   77,000 0 0
Exxon Mobil Corp. COM 30231G102 19,600 262,704 SH   SOLE   262,704 0 0
Facebook Inc COM 30303M102 23,753 148,651 SH   SOLE   148,651 0 0
Fanuc Corp COM 307305102 745 29,825 SH   SOLE   29,825 0 0
Fedex Corp. COM 31428X106 7,003 29,165 SH   SOLE   29,165 0 0
Ferrovial SA COM 315437103 577 27,650 SH   SOLE   27,650 0 0
Fifth Third Bancorp COM 316773100 5,709 179,810 SH   SOLE   179,810 0 0
Flowserve Corp. COM 34354P105 5,333 123,075 SH   SOLE   123,075 0 0
Fomento Economico Mexicana-SP COM 344419106 654 7,150 SH   SOLE   7,150 0 0
Ford Motor Co. COM 345370860 3,166 285,695 SH   SOLE   285,695 0 0
Fortinet Inc COM 34959E109 5,988 111,750 SH   SOLE   111,750 0 0
Fortive Corp COM 34959J108 6,339 81,775 SH   SOLE   81,775 0 0
Four Corners Property Trust In COM 35086T109 1,423 61,647 SH   SOLE   61,647 0 0
Freeport-McMoRan Inc COM 35671D857 237 13,500 SH   SOLE   13,500 0 0
GameStop Corp. COM 36467W109 972 77,050 SH   SOLE   77,050 0 0
General Electric Co. COM 369604103 10,924 810,375 SH   SOLE   810,375 0 0
General Motors Inc COM 37045V100 4,311 118,620 SH   SOLE   118,620 0 0
Genuine Parts Co. COM 372460105 2,668 29,700 SH   SOLE   29,700 0 0
Getinge AB COM 37427X104 379 33,475 SH   SOLE   33,475 0 0
GGP Inc COM 36174X101 372 18,176 SH   SOLE   18,176 0 0
Gilead Science Inc COM 375558103 7,778 103,165 SH   SOLE   103,165 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,287 32,950 SH   SOLE   32,950 0 0
Goldcorp Inc COM 380956409 4,369 316,145 SH   SOLE   316,145 0 0
Goldman Sachs Group COM 38141G104 14,835 58,900 SH   SOLE   58,900 0 0
Grifols SA ADR COM 398438408 459 21,650 SH   SOLE   21,650 0 0
Grupo Televisa SA ADR COM 40049J206 174 10,925 SH   SOLE   10,925 0 0
Guidewire Software Inc COM 40171V100 4,502 55,700 SH   SOLE   55,700 0 0
Halliburton Co. COM 406216101 6,473 137,895 SH   SOLE   137,895 0 0
HCP Inc COM 40414L109 1,416 60,940 SH   SOLE   60,940 0 0
Hellenic Telecom Organization COM 423325307 271 40,100 SH   SOLE   40,100 0 0
Hitachi Ltd. ADR COM 433578507 682 9,500 SH   SOLE   9,500 0 0
Hologic Inc COM 436440101 747 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 33,752 189,360 SH   SOLE   189,360 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,809 52,100 SH   SOLE   52,100 0 0
Honeywell International, Inc. COM 438516106 16,502 114,190 SH   SOLE   114,190 0 0
Host Hotels & Resorts Inc. COM 44107P104 9,491 509,155 SH   SOLE   509,155 0 0
HP Inc COM 40434L105 1,071 48,850 SH   SOLE   48,850 0 0
HSBC Holdings ADR COM 404280406 682 14,300 SH   SOLE   14,300 0 0
Hunt (J.B.) Transport COM 445658107 843 7,200 SH   SOLE   7,200 0 0
Icahn Enterprises LP COM 451100101 1,855 32,525 SH   SOLE   32,525 0 0
Icon PLC ADR COM G4705A100 874 7,400 SH   SOLE   7,400 0 0
Infineon Technologies ADR COM 45662N103 985 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,777 155,600 SH   SOLE   155,600 0 0
Ing Groep NV ADR COM 456837103 266 15,700 SH   SOLE   15,700 0 0
Ingenico Group COM 45684w107 299 18,475 SH   SOLE   18,475 0 0
Intel Corp. COM 458140100 20,847 400,280 SH   SOLE   400,280 0 0
International Business Machine COM 459200101 2,602 16,962 SH   SOLE   16,962 0 0
Intesa Sanpaolo ADR COM 46115h107 238 10,899 SH   SOLE   10,899 0 0
Invesco Ltd COM G491BT108 6,162 192,515 SH   SOLE   192,515 0 0
Iron Mountain Inc. COM 46284V101 7,912 240,785 SH   SOLE   240,785 0 0
Itau Unibanco Holding SA ADR COM 465562106 518 33,206 SH   SOLE   33,206 0 0
JD.com Inc COM 47215P106 4,731 116,850 SH   SOLE   116,850 0 0
Johnson & Johnson COM 478160104 28,478 222,225 SH   SOLE   222,225 0 0
JPMorgan Chase & Co. COM 46625H100 35,505 322,857 SH   SOLE   322,857 0 0
Kellogg Co. COM 487836108 2,381 36,620 SH   SOLE   36,620 0 0
Kimco Realty Corp. COM 49446R109 1,216 84,475 SH   SOLE   84,475 0 0
Kinder Morgan Inc. COM 49456B101 2,104 139,702 SH   SOLE   139,702 0 0
Kingfisher PLC ADR COM 495724403 213 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 881 33,300 SH   SOLE   33,300 0 0
KKR & Co LP COM 48248M102 1,971 97,100 SH   SOLE   97,100 0 0
Koninklijke Ahold Delhaize NV COM 500467501 355 14,953 SH   SOLE   14,953 0 0
Koninklijke KPN NV ADR COM 780641205 45 15,000 SH   SOLE   15,000 0 0
Koninklijke Philips NV ADR COM 500472303 326 8,500 SH   SOLE   8,500 0 0
Korea Electric Power Corp COM 500631106 478 31,075 SH   SOLE   31,075 0 0
Kroger Co COM 501044101 5,059 211,300 SH   SOLE   211,300 0 0
Kubota Corp-Spon ADR COM 501173207 423 4,875 SH   SOLE   4,875 0 0
L Brands Inc COM 501797104 3,683 96,390 SH   SOLE   96,390 0 0
Lamar Advertising Co COM 512816109 1,402 22,025 SH   SOLE   22,025 0 0
Las Vegas Sands COM 517834107 2,015 28,025 SH   SOLE   28,025 0 0
Leggett & Platt COM 524660107 1,508 34,000 SH   SOLE   34,000 0 0
Liberty Property Trust COM 531172104 2,385 60,040 SH   SOLE   60,040 0 0
Lilly (Eli) & Co. COM 532457108 13,336 172,370 SH   SOLE   172,370 0 0
Logitech International SA ADR COM H50430232 1,543 42,020 SH   SOLE   42,020 0 0
Lowe's Co. COM 548661107 19,996 227,870 SH   SOLE   227,870 0 0
Luxottica Group SPA ADR COM 55068R202 447 7,200 SH   SOLE   7,200 0 0
Lyondellbassel Industries N.V. COM N53745100 4,034 38,175 SH   SOLE   38,175 0 0
Macerich Co. COM 554382101 1,213 21,659 SH   SOLE   21,659 0 0
Mack-Cali Realty Corp. COM 554489104 201 12,000 SH   SOLE   12,000 0 0
Macquarie Infrastructure Co COM 55608B105 937 25,375 SH   SOLE   25,375 0 0
Marriott International COM 571903202 9,910 72,880 SH   SOLE   72,880 0 0
Marsh & McLennan Companies, In COM 571748102 16,796 203,360 SH   SOLE   203,360 0 0
Mattel Inc. COM 577081102 2,046 155,570 SH   SOLE   155,570 0 0
Maxim Integrated Products, Inc COM 57772K101 9,164 152,175 SH   SOLE   152,175 0 0
McCormick & Co. COM 579780206 9,127 85,785 SH   SOLE   85,785 0 0
McDonald's Corp. COM 580135101 13,787 88,165 SH   SOLE   88,165 0 0
Mckesson HBOC Inc. COM 58155Q103 2,024 14,370 SH   SOLE   14,370 0 0
Medtronic Inc COM G5960L103 6,162 76,813 SH   SOLE   76,813 0 0
Mercadolibre Inc ADR COM 58733R102 2,058 5,775 SH   SOLE   5,775 0 0
Merck & Co., Inc. COM 58933Y105 13,666 250,890 SH   SOLE   250,890 0 0
Metlife Inc COM 59156R108 7,059 153,835 SH   SOLE   153,835 0 0
Micron Technology Inc. COM 595112103 5,300 101,650 SH   SOLE   101,650 0 0
Microsoft Corp COM 594918104 59,019 646,640 SH   SOLE   646,640 0 0
Minerals Technologies Inc COM 603158106 3,451 51,540 SH   SOLE   51,540 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,637 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 485 1,425 SH   SOLE   1,425 0 0
Mohawk Industries Inc. COM 608190104 4,225 18,195 SH   SOLE   18,195 0 0
Molson Coors Brewing Company COM 60871R209 7,128 94,630 SH   SOLE   94,630 0 0
Monsanto Co. COM 61166W101 4,801 41,140 SH   SOLE   41,140 0 0
Morgan Stanley, Dean Witter, D COM 617446448 10,895 201,900 SH   SOLE   201,900 0 0
MRC Global Inc COM 55345K103 2,496 151,850 SH   SOLE   151,850 0 0
National Grid PLC COM 636274409 530 9,400 SH   SOLE   9,400 0 0
Netflix Inc COM 64110L106 8,094 27,405 SH   SOLE   27,405 0 0
New York Community Bancorp COM 649445103 1,730 132,800 SH   SOLE   132,800 0 0
NextEra Energy Inc COM 65339F101 6,808 41,681 SH   SOLE   41,681 0 0
NICE Ltd ADR COM 653656108 653 6,950 SH   SOLE   6,950 0 0
Nippon Telegraph & Telephone C COM 654624105 2,897 62,850 SH   SOLE   62,850 0 0
Nisource Inc. COM 65473P105 4,045 169,180 SH   SOLE   169,180 0 0
Nokia Corp ADR COM 654902204 472 86,225 SH   SOLE   86,225 0 0
Norsk Hydro ASA ADR COM 656531605 117 20,000 SH   SOLE   20,000 0 0
Northrop Grumman Corp. COM 666807102 17,416 49,885 SH   SOLE   49,885 0 0
Novartis ADR COM 66987V109 2,717 33,600 SH   SOLE   33,600 0 0
Novo Nordisk ADR COM 670100205 3,054 62,000 SH   SOLE   62,000 0 0
Nutrien LTD COM 67077m108 5,749 121,646 SH   SOLE   121,646 0 0
NVIDIA Corp. COM 67066G104 9,368 40,450 SH   SOLE   40,450 0 0
Oaktree Specialty Lending Co COM 67401P108 115 27,200 SH   SOLE   27,200 0 0
Omega Healthcare Investors COM 681936100 1,614 59,675 SH   SOLE   59,675 0 0
Oracle Corp. COM 68389X105 11,597 253,484 SH   SOLE   253,484 0 0
Outfront Media Inc COM 69007J106 1,412 75,325 SH   SOLE   75,325 0 0
Owens-Illinois Inc COM 690768403 206 9,500 SH   SOLE   9,500 0 0
Pacwest Bancorp COM 695263103 1,906 38,475 SH   SOLE   38,475 0 0
Palo Alto Networks Inc COM 697435105 3,238 17,840 SH   SOLE   17,840 0 0
Panasonic Corp ADR COM 69832a205 879 62,200 SH   SOLE   62,200 0 0
Parsley Energy Inc COM 701877102 2,354 81,185 SH   SOLE   81,185 0 0
Pattern Energy Group Inc COM 70338P100 1,214 70,225 SH   SOLE   70,225 0 0
PepsiCo, Inc. COM 713448108 13,850 126,890 SH   SOLE   126,890 0 0
Pfizer, Inc. COM 717081103 19,635 553,264 SH   SOLE   553,264 0 0
Philip Morris International In COM 718172109 3,753 37,760 SH   SOLE   37,760 0 0
Pitney Bowes Inc. COM 724479100 218 20,000 SH   SOLE   20,000 0 0
Plains All American Pipeline L COM 726503105 1,252 56,815 SH   SOLE   56,815 0 0
PNC Financial Services Group COM 693475105 21,436 141,734 SH   SOLE   141,734 0 0
Polaris Industries COM 731068102 687 6,000 SH   SOLE   6,000 0 0
PPG Industries, Inc. COM 693506107 1,077 9,650 SH   SOLE   9,650 0 0
PPL Corp. COM 69351T106 2,046 72,330 SH   SOLE   72,330 0 0
Prada SPA ADR COM 73942H100 289 31,100 SH   SOLE   31,100 0 0
Principal Financial Group COM 74251V102 11,663 191,480 SH   SOLE   191,480 0 0
Procter & Gamble Inc COM 742718109 21,810 275,100 SH   SOLE   275,100 0 0
Prologis Trust COM 74340W103 10,147 161,095 SH   SOLE   161,095 0 0
Prudential Financial, Inc. COM 744320102 16,426 158,625 SH   SOLE   158,625 0 0
PTC Inc COM 69370C100 4,537 58,164 SH   SOLE   58,164 0 0
Public Service Enterprise Grou COM 744573106 1,939 38,600 SH   SOLE   38,600 0 0
Qualcomm Inc. COM 747525103 5,257 94,882 SH   SOLE   94,882 0 0
Quest Diagnostics Inc COM 74834L100 1,088 10,850 SH   SOLE   10,850 0 0
Red Hat Inc. COM 756577102 6,453 43,160 SH   SOLE   43,160 0 0
Regions Financial Corp. COM 7591EP100 346 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 207 11,700 SH   SOLE   11,700 0 0
Rexnord Corp COM 76169B102 3,731 125,710 SH   SOLE   125,710 0 0
RingCentral Inc COM 76680R206 7,008 110,360 SH   SOLE   110,360 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 838 29,300 SH   SOLE   29,300 0 0
Rockwell Collins Inc. COM 774341101 12,619 93,580 SH   SOLE   93,580 0 0
Royal Dutch Shell PLC ADR COM 780259206 2,549 39,950 SH   SOLE   39,950 0 0
Sabra Health Care REIT Inc COM 78573L106 1,155 65,441 SH   SOLE   65,441 0 0
Salesforce.com Inc COM 79466L302 7,363 63,314 SH   SOLE   63,314 0 0
Sanofi ADR COM 80105N105 1,579 39,400 SH   SOLE   39,400 0 0
Santos Ltd ADR COM 803021807 179 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 2,187 20,800 SH   SOLE   20,800 0 0
Schlumberger Ltd. COM 806857108 11,527 177,936 SH   SOLE   177,936 0 0
Schneider Electric SE ADR COM 80687P106 365 20,775 SH   SOLE   20,775 0 0
Seagate Technology COM G7945M107 3,204 54,750 SH   SOLE   54,750 0 0
Sealed Air Corp. COM 81211K100 3,376 78,900 SH   SOLE   78,900 0 0
Sensata Technologies Holding P COM N7902X106 641 12,375 SH   SOLE   12,375 0 0
Servicenow Inc COM 81762P102 4,744 28,671 SH   SOLE   28,671 0 0
Ship Finance Intl Ltd COM G81075106 1,983 138,700 SH   SOLE   138,700 0 0
Simon Property Group, Inc. COM 828806109 2,033 13,172 SH   SOLE   13,172 0 0
Singapore Telecom-SP ADR COM 82929R304 864 33,630 SH   SOLE   33,630 0 0
Sony Corp. ADR COM 835699307 1,223 25,300 SH   SOLE   25,300 0 0
Spectra Energy Partners LP COM 84756N109 678 20,150 SH   SOLE   20,150 0 0
Splunk Inc COM 848637104 5,667 57,600 SH   SOLE   57,600 0 0
Starbucks Corp. COM 855244109 6,385 110,290 SH   SOLE   110,290 0 0
STMicroelect4ronics NV COM 861012102 783 35,150 SH   SOLE   35,150 0 0
Subsea 7 Sa ADR COM 864323100 305 23,900 SH   SOLE   23,900 0 0
Swisscom AG ADR COM 871013108 376 7,600 SH   SOLE   7,600 0 0
T Mobile US Inc COM 872590104 3,783 61,975 SH   SOLE   61,975 0 0
Taiwan Semiconductor Manufactu COM 874039100 2,555 58,386 SH   SOLE   58,386 0 0
Target Corp. COM 87612E106 10,454 150,575 SH   SOLE   150,575 0 0
Taro Pharmaceutical Indus COM M8737E108 205 2,075 SH   SOLE   2,075 0 0
TDK Corp. ADR COM 872351408 341 3,900 SH   SOLE   3,900 0 0
Telenor ASA ADR COM 87944W105 609 27,000 SH   SOLE   27,000 0 0
Tenaris SA-ADR COM 88031M109 205 5,900 SH   SOLE   5,900 0 0
Tencent Holdings LTD-UNS ADR COM 88032q109 705 13,225 SH   SOLE   13,225 0 0
Texas Instruments COM 882508104 7,787 74,952 SH   SOLE   74,952 0 0
The Mosaic Co COM 61945C103 1,576 64,925 SH   SOLE   64,925 0 0
The Travelers Companies, Inc. COM 89417E109 20,762 149,516 SH   SOLE   149,516 0 0
Thermo Fisher Scientific Inc COM 883556102 13,554 65,650 SH   SOLE   65,650 0 0
Thomson Reuters Corp COM 884903105 496 12,825 SH   SOLE   12,825 0 0
Tokio Marine Holdings Inc ADR COM 889094108 1,088 24,250 SH   SOLE   24,250 0 0
Total SA ADR COM 89151E109 1,985 34,400 SH   SOLE   34,400 0 0
Total System Services COM 891906109 6,655 77,150 SH   SOLE   77,150 0 0
Toyota Motor Corp. ADR COM 892331307 4,667 35,800 SH   SOLE   35,800 0 0
Tractor Supply Company COM 892356106 1,607 25,500 SH   SOLE   25,500 0 0
Transcanada Corp COM 89353D107 1,587 38,405 SH   SOLE   38,405 0 0
Trivago NV COM 89686d105 254 36,500 SH   SOLE   36,500 0 0
Tupperware Brands Corp COM 899896104 1,923 39,750 SH   SOLE   39,750 0 0
Twenty First Century Fox Inc COM 90130A101 4,548 123,945 SH   SOLE   123,945 0 0
U.S. Bancorp COM 902973304 13,911 275,467 SH   SOLE   275,467 0 0
UBS Group AG COM H42097107 479 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 2,036 36,640 SH   SOLE   36,640 0 0
Union Pacific COM 907818108 7,810 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 25,108 117,325 SH   SOLE   117,325 0 0
United Parcel Services Cl B COM 911312106 10,330 98,700 SH   SOLE   98,700 0 0
United Technologies COM 913017109 12,795 101,690 SH   SOLE   101,690 0 0
Valero Energy Corp. COM 91913Y100 3,848 41,475 SH   SOLE   41,475 0 0
Vector Group Ltd COM 92240M108 1,551 76,072 SH   SOLE   76,072 0 0
Verizon Communications Inc COM 92343V104 14,605 305,410 SH   SOLE   305,410 0 0
Vertex Pharmaceuticals Inc COM 92532F100 4,568 28,025 SH   SOLE   28,025 0 0
Visa Inc COM 92826C839 9,055 75,698 SH   SOLE   75,698 0 0
Vulcan Materials COM 929160109 3,061 26,810 SH   SOLE   26,810 0 0
Walgreens Boots Alliance Inc COM 931427108 6,868 104,905 SH   SOLE   104,905 0 0
Walmart Stores Inc COM 931142103 13,178 148,120 SH   SOLE   148,120 0 0
Walt Disney Co. COM 254687106 26,134 260,200 SH   SOLE   260,200 0 0
Weingarten Realty Investors COM 948741103 2,372 84,465 SH   SOLE   84,465 0 0
Wells Fargo Co. COM 949746101 16,200 309,093 SH   SOLE   309,093 0 0
Welltower Inc COM 95040Q104 2,078 38,180 SH   SOLE   38,180 0 0
Western Digital COM 958102105 6,624 71,792 SH   SOLE   71,792 0 0
Western Gas Partners COM 958254104 425 9,950 SH   SOLE   9,950 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 3,371 152,000 SH   SOLE   152,000 0 0
Williams Cos. COM 969457100 1,658 66,700 SH   SOLE   66,700 0 0
WNS Holdings LTD COM 92932M101 5,221 115,175 SH   SOLE   115,175 0 0
WPP PLC ADR COM 92937A102 469 5,900 SH   SOLE   5,900 0 0
Wright Medical Group NV COM N96617118 410 20,650 SH   SOLE   20,650 0 0
Yum China Holdings Inc COM 98850P109 661 15,925 SH   SOLE   15,925 0 0
Zoetis COM 98978V103 7,165 85,795 SH   SOLE   85,795 0 0
Tidewater Inc-wts COM 88642r133 206 7,643 SH   SOLE   7,643 0 0
Wisdomtree Emerging Markets Hi COM 97717w315 809 16,900 SH   SOLE   16,900 0 0