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
3M CO COM 88579Y101 1,978,066 9,520 SH   SOLE   7,020 0 2,500
ABB LTD-REG COM 007108899 1,084,575 57,730 SH   SOLE   0 0 57,730
ABBOTT LABS COM 002824100 1,271,046 15,900 SH   SOLE   11,800 0 4,100
ABBVIE INC. COM 00287Y109 741,428 9,200 SH   SOLE   7,300 0 1,900
ABIOMED INC COM 003654100 28,559 100 SH   SOLE   100 0 0
ACTIVISION BLIZZARD COM 00507V109 464,861 10,210 SH   SOLE   8,010 0 2,200
ADECCO GROUP AG-REG COM 007110720 492,849 9,240 SH   SOLE   0 0 9,240
ADOBE SYS INC. COM 00724F101 159,894 600 SH   SOLE   600 0 0
AEON MALL CO LTD COM 006534202 420,942 25,600 SH   SOLE   0 0 25,600
AES CORP COM 00130H105 1,553,976 85,950 SH   SOLE   63,650 0 22,300
AGNC INVESTMENT CORP COM 00123Q104 935,100 51,950 SH   SOLE   39,150 0 12,800
AIA GROUP LTD COM 00B4TX8S1 10,951 1,100 SH   SOLE   0 0 1,100
AIR LIQUIDE SA COM 00B1YXBJ7 483,009 3,795 SH   SOLE   0 0 3,795
AIR PROD & CHEM. COM 009158106 200,508 1,050 SH   SOLE   1,050 0 0
AKZO NOBEL COM 00BJ2KSG2 576,067 6,495 SH   SOLE   0 0 6,495
ALEXION PHARM. COM 015351109 40,554 300 SH   SOLE   300 0 0
ALLETE INC COM COM 018522300 394,704 4,800 SH   SOLE   3,600 0 1,200
ALLIANCE DATA SYSTEMS COM 018581108 26,247 150 SH   SOLE   150 0 0
ALLIANZ SE-REG COM 005231485 423,459 1,902 SH   SOLE   0 0 1,902
ALLSTATE CORP. COM 020002101 65,926 700 SH   SOLE   700 0 0
ALLY FINANCIAL INC COM 02005N100 1,229,353 44,720 SH   SOLE   33,120 0 11,600
ALPHABET INC. CL A COM 02079K305 1,883,024 1,600 SH   SOLE   1,200 0 400
ALPHABET INC. CL C COM 02079K107 1,431,438 1,220 SH   SOLE   970 0 250
ALTRA HOLDINGS INC COM 02208R106 66,758 2,150 SH   SOLE   2,150 0 0
ALTRIA GROUP COM 02209S103 2,294,329 39,950 SH   SOLE   30,400 0 9,550
AMADEUS IT GROUP SA COM 00B3MSM28 538,512 6,717 SH   SOLE   0 0 6,717
AMAZON COM COM 023135106 1,121,873 630 SH   SOLE   530 0 100
AMCOR LIMITED COM 006066608 712,577 65,181 SH   SOLE   0 0 65,181
AMEREN CORP. COM 023608102 136,068 1,850 SH   SOLE   1,850 0 0
AMERICAN TOWER CORP. COM 03027X100 2,634,692 13,370 SH   SOLE   10,270 0 3,100
AMERICAN WTR WKS CO COM 030420103 104,260 1,000 SH   SOLE   1,000 0 0
AMERIPRISE FINANCIAL COM 03076C106 1,301,496 10,160 SH   SOLE   7,510 0 2,650
AMERISAFE INC COM 03071H100 32,670 550 SH   SOLE   550 0 0
AMGEN INC. COM 031162100 446,453 2,350 SH   SOLE   1,850 0 500
AMN HEALTHCARE SVC COM 001744101 28,254 600 SH   SOLE   600 0 0
ANADARKO PETE CORP. COM 032511107 77,316 1,700 SH   SOLE   1,700 0 0
ANSYS INC COM 03662Q105 127,897 700 SH   SOLE   700 0 0
ANTHEM INC. COM 036752103 71,745 250 SH   SOLE   250 0 0
AON CORP ADR G0408V102 1,652,376 9,680 SH   SOLE   0 0 9,680
APACHE CORP. COM 037411105 657,500 18,970 SH   SOLE   14,070 0 4,900
APPLE INC. COM 037833100 1,530,997 8,060 SH   SOLE   6,660 0 1,400
APPLIED INDL TECH COM 03820C105 68,391 1,150 SH   SOLE   1,150 0 0
APPLIED MATLS INC. COM 038222105 310,538 7,830 SH   SOLE   5,930 0 1,900
APTIV PLC ADR G6095L109 505,556 6,360 SH   SOLE   0 0 6,360
ARCH CAPITAL GP LTD. ADR G0450A105 1,307,990 40,470 SH   SOLE   0 0 40,470
ARES CAP CORP COM 04010L103 1,177,587 68,704 SH   SOLE   50,904 0 17,800
ASPEN TECHNOLOGY COM 045327103 62,556 600 SH   SOLE   600 0 0
AT&T INC. COM 00206R102 3,934,112 125,450 SH   SOLE   94,250 0 31,200
AUST & NZ BNKG ADR 052528304 646,163 34,890 SH   SOLE   0 0 34,890
AUTOLIV INC-SWED DEP RECE COM 005247374 250,950 3,423 SH   SOLE   0 0 3,423
AUTOZONE INC COM 053332102 51,206 50 SH   SOLE   50 0 0
AVANGRID INC COM 05351W103 105,735 2,100 SH   SOLE   2,100 0 0
AXIS CAPITAL HDS ADR G0692U109 1,002,474 18,300 SH   SOLE   0 0 18,300
BAE SYS PLC ADR 05523R107 1,092,476 42,750 SH   SOLE   0 0 42,750
BAIDU COM INC ADR 056752108 280,245 1,700 SH   SOLE   0 0 1,700
BAKER HUGHES A GE COM 05722G100 620,928 22,400 SH   SOLE   17,000 0 5,400
BANCO BILBAO VIZCAYA ARGE COM 005501906 380,057 66,459 SH   SOLE   0 0 66,459
BANDAI NAMCO HOLDINGS INC COM 00B0JDQD4 1,322,293 28,200 SH   SOLE   0 0 28,200
BANK OF AMERICA COM 060505104 4,190,921 151,900 SH   SOLE   113,900 0 38,000
BANK OZK COM 06417N103 26,082 900 SH   SOLE   900 0 0
BAXTER INTL INC. COM 071813109 467,533 5,750 SH   SOLE   4,250 0 1,500
BAYER AG-REG COM 005069211 821,128 12,696 SH   SOLE   0 0 12,696
BEAZER HOMES USA COM 07556Q881 9,553 830 SH   SOLE   830 0 0
BECTON DICKINSON & CO COM 075887109 2,130,197 8,530 SH   SOLE   8,530 0 0
BEIERSDORF AG COM 005107401 566,276 5,438 SH   SOLE   0 0 5,438
BERKSHIRE HATH. B COM 084670702 2,802,416 13,950 SH   SOLE   10,550 0 3,400
BERKSHIRE HATHAWAY A COM 084670108 2,710,935 9 SH   SOLE   7 0 2
BEST BUY INC. COM 086516101 536,503 7,550 SH   SOLE   5,650 0 1,900
BIO-TECHNE CORP COM 09073M104 29,783 150 SH   SOLE   150 0 0
BLACK HILLS CORP COM 092113109 459,234 6,200 SH   SOLE   4,600 0 1,600
BLACKSTONE MORTGAGE TRU-C COM 09257W100 412,301 11,930 SH   SOLE   8,830 0 3,100
BOEING CO. COM 097023105 846,752 2,220 SH   SOLE   1,720 0 500
BRISTOL MYERS SQUIBB COM 110122108 1,065,841 22,340 SH   SOLE   16,840 0 5,500
BRITISH AMERICAN TOBACCO COM 000287580 20,851 501 SH   SOLE   0 0 501
BROADCOM INC. COM 11135F101 2,886,816 9,600 SH   SOLE   2,750 0 6,850
CABOT OIL & GAS COM 127097103 389,934 14,940 SH   SOLE   11,040 0 3,900
CAMPING WORLD HOLDINGS COM 13462K109 114,062 8,200 SH   SOLE   8,200 0 0
CANADIAN NATL RAILWAY CO COM 002180632 954,569 10,660 SH   SOLE   0 0 10,660
CANADIAN PACIFIC RAILWAY COM 002793115 630,668 3,060 SH   SOLE   0 0 3,060
CAPITAL ONE FINL COM 14040H105 85,775 1,050 SH   SOLE   1,050 0 0
CARDINAL HEALTH INC COM 14149Y108 60,188 1,250 SH   SOLE   1,250 0 0
CARLSBERG AS-B COM 004169219 676,597 5,412 SH   SOLE   0 0 5,412
CASEYS GEN STORES COM 147528103 25,754 200 SH   SOLE   200 0 0
CATALENT INC COM 148806102 420,512 10,360 SH   SOLE   7,660 0 2,700
CATERPILLAR TRACTOR COM 149123101 67,745 500 SH   SOLE   500 0 0
CATHAY GENERAL BANCORP COM 149150104 295,017 8,700 SH   SOLE   6,400 0 2,300
CBOE HOLDINGS INC COM 12503M108 361,718 3,790 SH   SOLE   2,840 0 950
CBS CORP. COM 124857202 1,209,639 25,450 SH   SOLE   18,850 0 6,600
CENTERPOINT ENERGY INC COM 15189T107 27,630 900 SH   SOLE   900 0 0
CENTURYLINK INC. COM 156700106 512,932 42,780 SH   SOLE   31,680 0 11,100
CGI GROUP INC - CL A COM 00BJ2L575 1,225,438 17,820 SH   SOLE   0 0 17,820
CHARLES SCHWAB COM 808513105 32,070 750 SH   SOLE   750 0 0
CHARTER PLC COM 16119P108 745,857 2,150 SH   SOLE   1,650 0 500
CHEFS' WAREHOUSE INC COM 163086101 35,708 1,150 SH   SOLE   1,150 0 0
CHEVRON CORP COM 166764100 2,980,956 24,200 SH   SOLE   18,100 0 6,100
CHIPOTLE MEXICAN GRILL COM 169656105 35,516 50 SH   SOLE   50 0 0
CIGNA CORP. COM 125509109 1,600,159 9,950 SH   SOLE   0 0 9,950
CINTAS CORP COM 172908105 121,266 600 SH   SOLE   600 0 0
CISCO SYSTEMS COM 17275R102 3,871,083 71,700 SH   SOLE   53,800 0 17,900
CITIGROUP INC. COM 172967424 3,835,863 61,650 SH   SOLE   46,050 0 15,600
CITIZENS FINANCIAL GROUP COM 174610105 2,215,850 68,180 SH   SOLE   50,530 0 17,650
CME GROUP COM 12572Q105 98,748 600 SH   SOLE   600 0 0
COCA COLA COMPANY COM 191216100 84,348 1,800 SH   SOLE   1,800 0 0
COGNIZANT TECH. COM 192446102 978,075 13,500 SH   SOLE   10,000 0 3,500
COLGATE PALMOLIVE COM 194162103 167,923 2,450 SH   SOLE   2,450 0 0
COMCAST CORP-Cl A COM 20030N101 2,207,696 55,220 SH   SOLE   55,220 0 0
COMPASS GROUP PLC COM 00BD6K457 1,505,502 64,027 SH   SOLE   0 0 64,027
CONAGRA INC. COM 205887102 354,240 12,770 SH   SOLE   9,470 0 3,300
CONCHO RESOURCES COM 20605P101 267,414 2,410 SH   SOLE   1,810 0 600
CONOCOPHILLIPS COM 20825C104 1,201,320 18,000 SH   SOLE   13,900 0 4,100
COPART INC COM 217204106 118,151 1,950 SH   SOLE   1,950 0 0
CORNING INC COM 219350105 2,042,270 61,700 SH   SOLE   46,700 0 15,000
COSTCO WHOLESALE COM 22160K105 1,041,202 4,300 SH   SOLE   3,200 0 1,100
CREDIT SAISON CO LTD COM 006591809 282,665 21,400 SH   SOLE   0 0 21,400
CROWN CASTLE INTL COM 22822V101 2,182,400 17,050 SH   SOLE   12,650 0 4,400
CSX CORP. COM 126408103 415,251 5,550 SH   SOLE   4,150 0 1,400
CULLEN FROST BANKERS COM 229899109 29,121 300 SH   SOLE   300 0 0
CUMMINS INC COM 231021106 2,478,559 15,700 SH   SOLE   11,600 0 4,100
CVS CAREMARK CORP COM 126650100 464,877 8,620 SH   SOLE   6,720 0 1,900
D R HORTON INC. COM 23331A109 24,828 600 SH   SOLE   600 0 0
DANAHER CORP COM 235851102 217,833 1,650 SH   SOLE   1,650 0 0
DANONE COM 00B1Y9TB3 568,515 7,371 SH   SOLE   0 0 7,371
DBS GROUP HOLDINGS LTD COM 006175203 1,719,254 92,300 SH   SOLE   0 0 92,300
DELTA AIR LINES COM 247361702 1,042,297 20,180 SH   SOLE   14,980 0 5,200
DENSO CORP COM 006640381 565,537 14,500 SH   SOLE   0 0 14,500
DENTSPLY SIRONA COM 24906P109 57,029 1,150 SH   SOLE   1,150 0 0
DEUTSCHE BOERSE AG COM 007021963 752,083 5,860 SH   SOLE   0 0 5,860
DEVON ENERGY (NEW) COM 25179M103 543,779 17,230 SH   SOLE   12,730 0 4,500
DIAGEO PLC COM 000237400 1,109,543 27,135 SH   SOLE   0 0 27,135
DIGITAL RLTY TR COM 253868103 2,090,830 17,570 SH   SOLE   13,320 0 4,250
DISCOVER FINCL SERVICES COM 254709108 2,033,041 28,570 SH   SOLE   21,170 0 7,400
DISH NETWORK CORP CL A COM 25470M109 38,028 1,200 SH   SOLE   1,200 0 0
DISNEY WALT PRODTNS COM 254687106 72,170 650 SH   SOLE   650 0 0
DISTRIBUIDORA INTERNACION COM 00B55ZR92 19,310 26,417 SH   SOLE   0 0 26,417
DOLLAR GEN CORP COM 256677105 29,825 250 SH   SOLE   250 0 0
DOWDUPONT INC. COM 26078J100 2,180,379 40,900 SH   SOLE   30,800 0 10,100
EASTMAN CHEM CO COM 277432100 170,730 2,250 SH   SOLE   2,250 0 0
EDISON INTERNATIONAL COM 281020107 355,421 5,740 SH   SOLE   4,240 0 1,500
EL PASO ELEC CO. COM 283677854 367,625 6,250 SH   SOLE   4,650 0 1,600
ELI LILLY & CO. COM 532457108 2,388,882 18,410 SH   SOLE   13,610 0 4,800
ENTERGY CORP. COM 29364G103 3,130,926 32,740 SH   SOLE   24,290 0 8,450
EQUINIX INC COM 29444U700 457,692 1,010 SH   SOLE   810 0 200
ERSTE GROUP BANK AG COM 005289837 380,647 10,348 SH   SOLE   0 0 10,348
ESSILORLUXOTTICA COM 007212477 208,408 1,906 SH   SOLE   0 0 1,906
EVERGY INC COM 30034W106 162,540 2,800 SH   SOLE   2,800 0 0
EXELON CORP. COM 30161N101 3,453,957 68,900 SH   SOLE   51,000 0 17,900
EXPEDITORS INT'L COM 302130109 26,565 350 SH   SOLE   350 0 0
EXXON MOBIL CORP. COM 30231G102 4,872,240 60,300 SH   SOLE   45,100 0 15,200
FACEBOOK INC. COM 30303M102 233,366 1,400 SH   SOLE   1,400 0 0
FACTSET RESH SYS COM 303075105 148,962 600 SH   SOLE   600 0 0
FAMILYMART UNY HOLDINGS C COM 006331276 1,039,859 40,800 SH   SOLE   0 0 40,800
FANUC CORP COM 006356934 588,481 3,450 SH   SOLE   0 0 3,450
FIFTH THIRD BANCORP COM 316773100 1,676,121 66,460 SH   SOLE   49,260 0 17,200
FIRST MERCHANTS CORP COM 320817109 36,850 1,000 SH   SOLE   1,000 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 462,116 4,600 SH   SOLE   3,500 0 1,100
FLIR SYS INC COM 302445101 64,233 1,350 SH   SOLE   1,350 0 0
FOMENTO ECONOMICO MEX-SP ADR 344419106 430,948 4,670 SH   SOLE   0 0 4,670
FORD MOTOR CO. COM 345370860 824,003 93,850 SH   SOLE   71,250 0 22,600
FOX FACTORY HOLDING CORP COM 35138V102 41,934 600 SH   SOLE   600 0 0
FRESENIUS SE & CO KGAA COM 004352097 597,841 10,700 SH   SOLE   0 0 10,700
FULTON FINL CORP. COM 360271100 333,594 21,550 SH   SOLE   15,950 0 5,600
GALLAGHER ARTHUR CO. COM 363576109 2,722,566 34,860 SH   SOLE   26,160 0 8,700
GEBERIT AG-REG COM 00B1WGG93 778,118 1,904 SH   SOLE   0 0 1,904
GENERAL MTRS CO COM 37045V100 42,665 1,150 SH   SOLE   1,150 0 0
GENUINE PARTS COM 372460105 145,639 1,300 SH   SOLE   1,300 0 0
GILEAD SCIENCES INC. COM 375558103 1,258,594 19,360 SH   SOLE   14,660 0 4,700
GLOBUS MEDICAL CL A COM 379577208 27,176 550 SH   SOLE   550 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,334,331 6,950 SH   SOLE   5,250 0 1,700
GRIFOLS SA-ADR ADR 398438408 887,454 44,130 SH   SOLE   0 0 44,130
GROUPE BRUXELLES LAMBERT COM 007097328 419,974 4,318 SH   SOLE   0 0 4,318
GRUPO TELEVISA SA ADR 40049J206 137,808 12,460 SH   SOLE   0 0 12,460
HALLIBURTON CO. COM 406216101 474,074 16,180 SH   SOLE   16,180 0 0
HARTFORD FINCL. SRV COM 416515104 82,038 1,650 SH   SOLE   1,650 0 0
HASBRO INC. COM 418056107 63,765 750 SH   SOLE   750 0 0
HCA INC. COM 40412C101 495,444 3,800 SH   SOLE   2,800 0 1,000
HEALTHCARE REALTY COM 421946104 130,046 4,050 SH   SOLE   4,050 0 0
HEICO CORP-CLASS A COM 422806208 122,559 1,458 SH   SOLE   1,458 0 0
HEINEKEN NV COM 007792559 827,672 7,835 SH   SOLE   0 0 7,835
HELMERICH & PAYNE COM 423452101 614,494 11,060 SH   SOLE   8,210 0 2,850
HENKEL AG & CO KGAA VORZU COM 005076705 395,025 3,866 SH   SOLE   0 0 3,866
HERMES INTERNATIONAL COM 005253973 735,092 1,113 SH   SOLE   0 0 1,113
HESS CORP. COM 42809H107 736,613 12,230 SH   SOLE   9,030 0 3,200
HEXAGON AB-B SHS COM 00B1XFTL2 1,056,874 20,212 SH   SOLE   0 0 20,212
HOME DEPOT INC. COM 437076102 1,149,421 5,990 SH   SOLE   4,540 0 1,450
HOYA CORP COM 006441506 1,380,116 20,900 SH   SOLE   0 0 20,900
HP INC COM 40434L105 449,805 23,150 SH   SOLE   17,150 0 6,000
HUMANA INC. COM 444859102 625,100 2,350 SH   SOLE   1,750 0 600
HUNT J B TRANS SVCS COM 445658107 30,387 300 SH   SOLE   300 0 0
HUNTINGTON INGALLS INDUS COM 446413106 31,080 150 SH   SOLE   150 0 0
ICICI BK LTD ADR 45104G104 143,651 12,535 SH   SOLE   0 0 12,535
ILLUMINA INC COM 452327109 93,207 300 SH   SOLE   300 0 0
IMPERIAL OIL LTD COM 002454241 113,049 4,140 SH   SOLE   0 0 4,140
IMPERIAL OIL LTD ADR 453038408 522,767 19,100 SH   SOLE   0 0 19,100
ING GROEP NV-CVA COM 00BZ57390 1,030,460 85,100 SH   SOLE   0 0 85,100
INGREDION INC COM 457187102 487,654 5,150 SH   SOLE   3,850 0 1,300
INSURANCE AUSTRALIA GROUP COM 006271026 729,388 133,698 SH   SOLE   0 0 133,698
INT'L BUSINESS MACH. COM 459200101 77,605 550 SH   SOLE   550 0 0
INT'L PAPER CO. COM 460146103 2,170,063 46,900 SH   SOLE   34,700 0 12,200
INTEL CORP. COM 458140100 4,159,065 77,450 SH   SOLE   58,050 0 19,400
INTL CONSOLIDATED AIRLINE COM 00B5M6XQ7 34,492 5,170 SH   SOLE   0 0 5,170
INTUITIVE SURGICAL INC COM 46120E602 142,645 250 SH   SOLE   250 0 0
INVESTOR AB-B SHS COM 005679591 856,197 18,967 SH   SOLE   0 0 18,967
ISS A/S COM 00BKJ9RT5 824,967 27,086 SH   SOLE   0 0 27,086
ITAU UNIBANCO HLDNG-PREF ADR 465562106 434,086 49,272 SH   SOLE   0 0 49,272
JAPAN TOBACCO INC COM 006474535 481,122 19,400 SH   SOLE   0 0 19,400
JARDINE LLOYD THOMPSON GR COM 000520337 25,140 1,008 SH   SOLE   0 0 1,008
JEFFERIES FINANCIAL GP COM 47233W109 1,630,033 86,750 SH   SOLE   64,250 0 22,500
JM SMUCKER CO COM 832696405 29,125 250 SH   SOLE   250 0 0
JOHN WOOD GROUP PLC COM 00B5N0P84 716,805 108,415 SH   SOLE   0 0 108,415
JOHNSON & JOHNSON COM 478160104 4,032,942 28,850 SH   SOLE   21,750 0 7,100
JPMORGAN CHASE & CO COM 46625H100 4,757,810 47,000 SH   SOLE   35,300 0 11,700
JULIUS BAER GROUP LTD COM 00B4R2R50 256,149 6,341 SH   SOLE   0 0 6,341
KAISER ALUMINUM CORP COM 483007704 36,656 350 SH   SOLE   350 0 0
KBC GROEP NV COM 004497749 299,025 4,276 SH   SOLE   0 0 4,276
KDDI CORP COM 006248990 607,643 28,200 SH   SOLE   0 0 28,200
KELLOGG CO COM 487836108 1,555,572 27,110 SH   SOLE   20,460 0 6,650
KEYCORP COM 493267108 1,381,275 87,700 SH   SOLE   65,400 0 22,300
KIA MOTORS CORP COM 006490928 78,573 2,523 SH   SOLE   0 0 2,523
KIMBERLY CLARK CORP. COM 494368103 1,740,795 14,050 SH   SOLE   10,400 0 3,650
KINDER MORGAN INC COM 49456B101 624,312 31,200 SH   SOLE   23,100 0 8,100
KINGFISHER PLC COM 003319521 245,992 80,401 SH   SOLE   0 0 80,401
KOMATSU LTD COM 006496584 675,806 29,100 SH   SOLE   0 0 29,100
KRAFT HEINZ CO COM 500754106 461,998 14,150 SH   SOLE   10,450 0 3,700
KROGER CO. COM 501044101 1,006,632 40,920 SH   SOLE   30,320 0 10,600
KUEHNE & NAGEL INTL AG-RE COM 00B142S60 399,828 2,915 SH   SOLE   0 0 2,915
LABORATORY AMER H COM 50540R409 168,278 1,100 SH   SOLE   1,100 0 0
LAM RESEARCH COM 512807108 760,793 4,250 SH   SOLE   3,200 0 1,050
LAUDER ESTEE COS. COM 518439104 1,789,596 10,810 SH   SOLE   8,010 0 2,800
LEAR CORP. COM 521865204 1,458,883 10,750 SH   SOLE   7,950 0 2,800
LEGRAND SA COM 00B11ZRK9 489,289 7,304 SH   SOLE   0 0 7,304
LENOVO GROUP LTD COM 006218089 156,490 174,000 SH   SOLE   0 0 174,000
LIBERTY MEDIA CORP-LIBERT COM 531229870 498,686 14,650 SH   SOLE   10,850 0 3,800
LINDE AG COM 005740817 1,417,149 6,418 SH   SOLE   0 0 6,418
LINDE PLC COM 00BYWD9S5 135,395 770 SH   SOLE   0 0 770
LITTELFUSE INC COM 537008104 27,372 150 SH   SOLE   150 0 0
LOCKHEED MARTIN COM 539830109 831,443 2,770 SH   SOLE   2,020 0 750
MARATHON OIL COM 565849106 549,759 32,900 SH   SOLE   24,400 0 8,500
MARATHON PETROLEUM CORP COM 56585A102 966,578 16,150 SH   SOLE   12,350 0 3,800
MARKETAXESS HOLDINGS COM 57060D108 73,824 300 SH   SOLE   300 0 0
MARSH & MCLENNON COM 571748102 2,800,098 29,820 SH   SOLE   22,120 0 7,700
MASTERCARD INC. COM 57636Q104 164,815 700 SH   SOLE   700 0 0
MAXIM INTERGRATED COM 57772K101 991,621 18,650 SH   SOLE   14,100 0 4,550
MCDONALDS CORP. COM 580135101 5,125,401 26,990 SH   SOLE   20,190 0 6,800
MCKESSON CORP COM 58155Q103 479,946 4,100 SH   SOLE   4,100 0 0
MEDTRONIC INC. ADR G5960L103 123,869 1,360 SH   SOLE   0 0 1,360
MERCK & CO. INC. COM 58933Y105 3,106,400 37,350 SH   SOLE   28,650 0 8,700
MERCK KGAA COM 004741844 895,410 7,845 SH   SOLE   0 0 7,845
METLIFE INC COM 59156R108 2,268,130 53,280 SH   SOLE   39,480 0 13,800
MFA FINANCIAL INC. COM 55272X102 40,349 5,550 SH   SOLE   5,550 0 0
MICRON TECHNOLOGY COM 595112103 28,931 700 SH   SOLE   700 0 0
MICROSOFT CORP. COM 594918104 2,766,872 23,460 SH   SOLE   18,510 0 4,950
MOODYS CORP COM 615369105 579,488 3,200 SH   SOLE   2,500 0 700
MORGAN STANLEY COM 617446448 831,340 19,700 SH   SOLE   14,900 0 4,800
MORNINGSTAR INC COM 617700109 88,193 700 SH   SOLE   700 0 0
MOSAIC CO. COM 61945C103 492,946 18,050 SH   SOLE   13,350 0 4,700
MTU AERO ENGINES AG COM 00B09DHL9 1,974,062 8,712 SH   SOLE   0 0 8,712
MULTICHOICE GROUP COM 00BHZSKR4 2,946 352 SH   SOLE   0 0 352
NASPERS LTD-N SHS COM 006622691 92,885 402 SH   SOLE   0 0 402
NESTLE SA-REG COM 007123870 2,555,220 26,815 SH   SOLE   0 0 26,815
NETEASE COM INC ADR 64110W102 108,653 450 SH   SOLE   0 0 450
NETFLIX COM INC COM 64110L106 106,968 300 SH   SOLE   300 0 0
NEW ORIENTAL EDUCATIO-SP COM 647581107 171,171 1,900 SH   SOLE   0 0 1,900
NOBLE ENERGY INC COM 655044105 663,506 26,830 SH   SOLE   19,880 0 6,950
NORTHROP GRUMMAN COM 666807102 1,671,520 6,200 SH   SOLE   4,600 0 1,600
NORTHWESTERN CORP COM 668074305 457,665 6,500 SH   SOLE   4,800 0 1,700
NOVOZYMES A/S-B SHARES COM 00B798FW0 1,205,609 26,195 SH   SOLE   0 0 26,195
NTT DOCOMO INC COM 006129277 400,887 18,100 SH   SOLE   0 0 18,100
NVE CORP COM 629445206 29,367 300 SH   SOLE   300 0 0
NVIDIA CORP COM 67066G104 80,802 450 SH   SOLE   450 0 0
O'REILLY AUTO COM 67103H107 97,075 250 SH   SOLE   250 0 0
OCCIDENTAL PETRO. COM 674599105 2,184,600 33,000 SH   SOLE   25,000 0 8,000
OLD DOMINION FGHT LINE COM 679580100 122,732 850 SH   SOLE   850 0 0
OLD REP INTL CORP. COM 680223104 84,726 4,050 SH   SOLE   4,050 0 0
OLLIE'S BARGAIN OUTLET HD COM 681116109 51,198 600 SH   SOLE   600 0 0
OLYMPUS CORP COM 006658801 291,039 26,800 SH   SOLE   0 0 26,800
ONO PHARMACEUTICAL CO LTD COM 006660107 290,023 14,800 SH   SOLE   0 0 14,800
ORACLE SYSTEMS COM 68389X105 1,753,632 32,650 SH   SOLE   24,550 0 8,100
ORION CORP COM 006896849 15,492 948 SH   SOLE   0 0 948
ORION CORP/REPUBLIC OF KO COM 00BDVLJ72 162,276 1,842 SH   SOLE   0 0 1,842
ORKLA ASA COM 00B1VQF42 369,544 48,072 SH   SOLE   0 0 48,072
OSHKOSH TRUCK CORP COM 688239201 26,296 350 SH   SOLE   350 0 0
OVERSEA-CHINESE BANKING C COM 00B0F9V20 637,139 78,100 SH   SOLE   0 0 78,100
PALO ALTO NETWORKS INC COM 697435105 48,576 200 SH   SOLE   200 0 0
PANALPINA WELTTRANSPORT - COM 00B0KJTG5 559,048 3,358 SH   SOLE   0 0 3,358
PARGESA HOLDING SA-BR COM 00B0CDLF8 980,580 12,520 SH   SOLE   0 0 12,520
PARKER HANNIFIN COM 701094104 540,603 3,150 SH   SOLE   2,350 0 800
PARSLEY ENERGY INC COM 701877102 77,200 4,000 SH   SOLE   4,000 0 0
PARTNERS GROUP HOLDING AG COM 00B119QG0 1,237,321 1,702 SH   SOLE   0 0 1,702
PATTERSON ENERGY COM 703481101 488,737 34,860 SH   SOLE   25,860 0 9,000
PAYCOM SOFTWARE INC COM 70432V102 47,283 250 SH   SOLE   250 0 0
PAYPAL HOLDINGS INC COM 70450Y103 88,264 850 SH   SOLE   850 0 0
PEOPLES UNITED FINCL COM 712704105 711,852 43,300 SH   SOLE   34,000 0 9,300
PEPSICO INC. COM 713448108 2,563,746 20,920 SH   SOLE   15,720 0 5,200
PERNOD RICARD SA COM 004682329 973,915 5,421 SH   SOLE   0 0 5,421
PFIZER INC. COM 717081103 3,480,417 81,950 SH   SOLE   61,650 0 20,300
PHIBRO ANIMAL HEALTH CORP COM 71742Q106 279,180 8,460 SH   SOLE   6,260 0 2,200
PHILIP MORRIS INT'L COM 718172109 1,493,791 16,900 SH   SOLE   12,700 0 4,200
PLAINS GP HLDS CL A COM 72651A207 944,468 37,900 SH   SOLE   28,100 0 9,800
PNC FINCL SVCS COM 693475105 3,183,027 25,950 SH   SOLE   19,650 0 6,300
PORTLAND GENERAL ELECTRIC COM 736508847 1,252,454 24,160 SH   SOLE   18,060 0 6,100
PPG INDUSTRIES COM 693506107 943,593 8,360 SH   SOLE   6,160 0 2,200
PRESTIGE BRANDS HOLDINGS COM 74112D101 631,400 21,110 SH   SOLE   15,910 0 5,200
PRICESMART INC COM 741511109 61,824 1,050 SH   SOLE   1,050 0 0
PROCTOR & GAMBLE COM 742718109 2,746,920 26,400 SH   SOLE   19,800 0 6,600
PROLOGIS TR COM 74340W103 510,845 7,100 SH   SOLE   5,600 0 1,500
PRUDENTIAL FINL INC COM 744320102 2,779,370 30,250 SH   SOLE   22,450 0 7,800
PUBLIC STORAGE INC COM 74460D109 1,983,976 9,110 SH   SOLE   6,710 0 2,400
PUBLIC SVC ENTER. COM 744573106 3,228,934 54,350 SH   SOLE   40,350 0 14,000
QUALCOMM INC. COM 747525103 1,277,472 22,400 SH   SOLE   16,600 0 5,800
QUEST DIAGNOSTICS COM 74834L100 80,928 900 SH   SOLE   900 0 0
RANDSTAD HOLDING NV COM 005228658 326,638 6,692 SH   SOLE   0 0 6,692
RANGE RES CORP COM 75281A109 452,972 40,300 SH   SOLE   29,800 0 10,500
RAYTHEON CO. COM 755111507 91,040 500 SH   SOLE   500 0 0
RECKITT BENCKISER GROUP P COM 00B24CGK7 851,649 10,241 SH   SOLE   0 0 10,241
RECRUIT HOLDINGS CO LTD COM 00BQRRZ00 1,176,611 41,200 SH   SOLE   0 0 41,200
REED ELSEVIER PLC COM 00B2B0DG9 1,347,564 63,001 SH   SOLE   0 0 63,001
REGENERON PHARM. COM 75886F107 61,593 150 SH   SOLE   150 0 0
REGIONS FINANCIAL CORP COM 7591EP100 1,075,542 76,010 SH   SOLE   56,310 0 19,700
RELIANCE STEEL & ALUM COM 759509102 631,820 7,000 SH   SOLE   5,200 0 1,800
RELX PLC COM 00BYWLC68 1,359,417 63,553 SH   SOLE   0 0 63,553
RIGHTMOVE PLC COM 00BGDT3G2 826,707 124,400 SH   SOLE   0 0 124,400
RINNAI CORP COM 006740582 254,669 3,600 SH   SOLE   0 0 3,600
ROCHE HOLDING AG-GENUSSCH COM 007110388 1,882,351 6,833 SH   SOLE   0 0 6,833
ROCKWELL INT'L COM 773903109 877,300 5,000 SH   SOLE   3,700 0 1,300
ROYAL BANK OF CANADA COM 002754383 1,292,748 17,130 SH   SOLE   0 0 17,130
ROYAL DUTCH SHELL A ADR 780259206 1,959,067 31,300 SH   SOLE   0 0 31,300
S & T BANCORP INC COM 783859101 27,671 700 SH   SOLE   700 0 0
SALESFORCE COM INC COM 79466L302 166,289 1,050 SH   SOLE   1,050 0 0
SANTEN PHARMACEUTICAL CO COM 006776606 522,925 35,100 SH   SOLE   0 0 35,100
SAP AG COM 004846288 1,779,561 15,387 SH   SOLE   0 0 15,387
SASOL LTD ADR 803866300 749,057 24,210 SH   SOLE   0 0 24,210
SERVICENOW INC COM 81762P102 73,947 300 SH   SOLE   300 0 0
SHIN-ETSU CHEMICAL CO LTD COM 006804585 1,031,251 12,300 SH   SOLE   0 0 12,300
SHUTTERSTOCK INC COM 825690100 27,978 600 SH   SOLE   600 0 0
SIMON PPTY GP COM 828806109 2,124,569 11,660 SH   SOLE   8,860 0 2,800
SMITH & NEPHEW PLC COM 000922320 19,905 1,003 SH   SOLE   0 0 1,003
SMITHS GROUP PLC COM 00B1WY233 321,488 17,193 SH   SOLE   0 0 17,193
SODEXO COM 007062713 423,020 3,838 SH   SOLE   0 0 3,838
SONOCO PRODS CO COM 835495102 86,142 1,400 SH   SOLE   1,400 0 0
SONY FINANCIAL HOLDINGS I COM 00B249SN5 1,180,908 62,600 SH   SOLE   0 0 62,600
SOUTHWEST AIRLINES COM 844741108 28,551 550 SH   SOLE   550 0 0
STAG INDUSTRIAL INC COM 85254J102 29,650 1,000 SH   SOLE   1,000 0 0
STANDARD CHARTERED PLC COM 000408284 14,501 1,882 SH   SOLE   0 0 1,882
STANLEY ELECTRIC CO LTD COM 006841106 903,103 33,600 SH   SOLE   0 0 33,600
STARBUCKS CORP COM 855244109 223,020 3,000 SH   SOLE   3,000 0 0
STEEL DYNAMICS INC COM 858119100 26,453 750 SH   SOLE   750 0 0
STRYKER CORP. COM 863667101 533,304 2,700 SH   SOLE   2,000 0 700
SUMITOMO METAL MINING CO COM 006858849 443,149 15,000 SH   SOLE   0 0 15,000
SUNCOR ENERGY INC COM 00B3NB1P2 134,863 4,160 SH   SOLE   0 0 4,160
SUNCOR ENERGY INC ADR 867224107 1,074,406 33,130 SH   SOLE   0 0 33,130
SWEDBANK AB - A SHARES COM 004846523 272,505 19,243 SH   SOLE   0 0 19,243
SYNCHRONY FINANCIAL COM 87165B103 1,529,605 47,950 SH   SOLE   35,550 0 12,400
SYSCO COM 871829107 1,066,157 15,970 SH   SOLE   11,820 0 4,150
T ROWE PRICE GP COM 74144T108 312,374 3,120 SH   SOLE   2,320 0 800
TAIWAN SEMICONDUCTOR ADR 874039100 133,530 3,260 SH   SOLE   0 0 3,260
TAPESTRY INC. COM 876030107 313,529 9,650 SH   SOLE   7,150 0 2,500
TE CONNECTIVITY LTD ADR H84989104 1,362,253 16,870 SH   SOLE   0 0 16,870
TELEFONICA BRASIL-ADR COM 87936R106 232,589 19,270 SH   SOLE   0 0 19,270
TERADYNE INC. COM 880770102 51,792 1,300 SH   SOLE   1,300 0 0
TERUMO CORP COM 006885074 482,486 15,800 SH   SOLE   0 0 15,800
TESLA MOTORS COM 88160R101 55,972 200 SH   SOLE   200 0 0
TEXAS INSTRS INC. COM 882508104 1,814,858 17,110 SH   SOLE   12,660 0 4,450
TEXAS ROADHOUSE INC COM 882681109 27,986 450 SH   SOLE   450 0 0
TJX COMPANIES INC. COM 872540109 1,424,432 26,770 SH   SOLE   20,570 0 6,200
TOKYO ELECTRON LTD COM 006895675 1,459,999 10,100 SH   SOLE   0 0 10,100
TORCHMARK CORP COM 891027104 98,340 1,200 SH   SOLE   1,200 0 0
TORONTO-DOMINION BANK COM 002897222 1,266,433 23,330 SH   SOLE   0 0 23,330
TRAVELERS COMPANIES COM 89417E109 185,166 1,350 SH   SOLE   1,350 0 0
TWO HARBORS INVESTMENT CO COM 90187B408 919,364 67,950 SH   SOLE   50,350 0 17,600
TYSON FOOD CL A COM 902494103 1,235,854 17,800 SH   SOLE   13,200 0 4,600
UCB SA COM 005596991 591,098 6,876 SH   SOLE   0 0 6,876
UNILEVER PLC COM 00B10RZP7 327,293 5,715 SH   SOLE   0 0 5,715
UNILEVER PLC ADR 904767704 1,759,883 30,490 SH   SOLE   0 0 30,490
UNION PACIFIC CORP. COM 907818108 1,780,680 10,650 SH   SOLE   8,250 0 2,400
UNITED CONTINENTAL HDGS COM 910047109 406,878 5,100 SH   SOLE   3,800 0 1,300
UNITED HEALTHCARE COM 91324P102 1,335,204 5,400 SH   SOLE   4,200 0 1,200
UNITED OVERSEAS BANK LTD COM 006916781 1,219,981 65,600 SH   SOLE   0 0 65,600
UNITED OVERSEAS BANK-SP A ADR 911271302 1,520,342 40,640 SH   SOLE   0 0 40,640
UNITED PARCEL SERVICE COM 911312106 991,134 8,870 SH   SOLE   6,620 0 2,250
UNUMPROVIDENT COM 91529Y106 942,842 27,870 SH   SOLE   20,620 0 7,250
US FOODS HOLDING COM 912008109 52,365 1,500 SH   SOLE   1,500 0 0
V F CORP. COM 918204108 1,612,181 18,550 SH   SOLE   13,750 0 4,800
VALERO ENERGY NEW COM 91913Y100 1,070,555 12,620 SH   SOLE   9,420 0 3,200
VEONEER INC. COM 00BF2JMM5 80,113 3,433 SH   SOLE   0 0 3,433
VERISK ANALYTICS INC COM 92345Y106 79,800 600 SH   SOLE   600 0 0
VERIZON COMM. COM 92343V104 3,361,541 56,850 SH   SOLE   42,650 0 14,200
VERMILION ENERGY INC COM 00B607XS1 524,501 21,240 SH   SOLE   0 0 21,240
VESUVIUS PLC COM 00B82YXW8 708,390 91,599 SH   SOLE   0 0 91,599
VIPSHOP HOLDINGS LTD - AD ADR 92763W103 55,809 6,950 SH   SOLE   0 0 6,950
VISA INC COM 92826C839 2,742,696 17,560 SH   SOLE   13,260 0 4,300
VOPAK COM 005809428 499,749 10,433 SH   SOLE   0 0 10,433
VOYA FINANCIAL INC. COM 929089100 962,729 19,270 SH   SOLE   14,470 0 4,800
VULCAN MATLS COM 929160109 966,144 8,160 SH   SOLE   6,260 0 1,900
WAL MART STORES INC. COM 931142103 1,589,739 16,300 SH   SOLE   12,100 0 4,200
WASTE MGMT INC DEL. COM 94106L109 443,696 4,270 SH   SOLE   3,170 0 1,100
WATERS CORP. COM 941848103 75,513 300 SH   SOLE   300 0 0
WD-40 CO COM 929236107 25,416 150 SH   SOLE   150 0 0
WEC ENERGY GP COM 92939U106 154,206 1,950 SH   SOLE   1,950 0 0
WELLS FARGO & CO COM 949746101 3,048,992 63,100 SH   SOLE   47,400 0 15,700
WH SMITH PLC COM 00B2PDGW1 623,524 22,550 SH   SOLE   0 0 22,550
WIRECARD AG COM 007508927 1,672,256 13,333 SH   SOLE   0 0 13,333
WORKDAY INC-CL. A COM 98138H101 67,498 350 SH   SOLE   350 0 0
WPP PLC COM 00B8KF9B4 571,806 54,122 SH   SOLE   0 0 54,122
WSFS FINL CORP COM 929328102 40,530 1,050 SH   SOLE   1,050 0 0
YAHOO JAPAN CORP COM 006084848 255,367 104,300 SH   SOLE   0 0 104,300
ZIMMER BIOMET HOLDINGS COM 98956P102 409,917 3,210 SH   SOLE   2,360 0 850
ZION BANCORP COM 989701107 27,246 600 SH   SOLE   600 0 0
ZOETIS INC COM 98978V103 1,477,836 14,680 SH   SOLE   11,180 0 3,500