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-REG COM 007108899 1,135,321 57,730 SH   SOLE   0 0 57,730
ABBOTT LABS COM 002824100 1,803,089 21,550 SH   SOLE   15,650 0 5,900
ABBVIE INC. COM 00287Y109 94,650 1,250 SH   SOLE   1,250 0 0
ADECCO GROUP AG-REG COM 007110720 511,691 9,240 SH   SOLE   0 0 9,240
ADOBE SYS INC. COM 00724F101 165,750 600 SH   SOLE   600 0 0
AEON MALL CO LTD COM 006534202 403,868 25,600 SH   SOLE   0 0 25,600
AES CORP COM 00130H105 914,223 55,950 SH   SOLE   39,550 0 16,400
AGNC INVESTMENT CORP COM 00123Q104 576,827 35,850 SH   SOLE   26,150 0 9,700
AIA GROUP LTD COM 00B4TX8S1 10,390 1,100 SH   SOLE   0 0 1,100
AIR LIQUIDE SA COM 00B1YXBJ7 540,332 3,795 SH   SOLE   0 0 3,795
AIR PROD & CHEM. COM 009158106 1,020,556 4,600 SH   SOLE   3,400 0 1,200
AKZO NOBEL COM 00BJ2KSG2 579,143 6,495 SH   SOLE   0 0 6,495
ALLIANZ SE-REG COM 005231485 443,431 1,902 SH   SOLE   0 0 1,902
ALLSTATE CORP. COM 020002101 97,812 900 SH   SOLE   900 0 0
ALLY FINANCIAL INC COM 02005N100 1,041,887 31,420 SH   SOLE   22,220 0 9,200
ALPHABET INC. CL A COM 02079K305 1,404,311 1,150 SH   SOLE   850 0 300
ALPHABET INC. CL C COM 02079K107 1,365,280 1,120 SH   SOLE   870 0 250
ALTRA HOLDINGS INC COM 02208R106 90,009 3,250 SH   SOLE   3,250 0 0
ALTRIA GROUP COM 02209S103 865,035 21,150 SH   SOLE   15,500 0 5,650
AMADEUS IT GROUP SA COM 00B3MSM28 481,259 6,717 SH   SOLE   0 0 6,717
AMAZON COM COM 023135106 486,055 280 SH   SOLE   280 0 0
AMCOR LIMITED COM 006066608 626,449 65,181 SH   SOLE   0 0 65,181
AMER EXPRESS CO. COM 025816109 94,624 800 SH   SOLE   800 0 0
AMER. ELEC. PWR COM 025537101 965,007 10,300 SH   SOLE   7,300 0 3,000
AMEREN CORP. COM 023608102 156,098 1,950 SH   SOLE   1,950 0 0
AMERICAN TOWER CORP. COM 03027X100 1,065,847 4,820 SH   SOLE   3,520 0 1,300
AMERICAN WTR WKS CO COM 030420103 99,384 800 SH   SOLE   800 0 0
AMERIPRISE FINANCIAL COM 03076C106 928,201 6,310 SH   SOLE   4,510 0 1,800
AMGEN INC. COM 031162100 106,431 550 SH   SOLE   550 0 0
ANSYS INC COM 03662Q105 110,680 500 SH   SOLE   500 0 0
ANTHEM INC. COM 036752103 840,350 3,500 SH   SOLE   2,600 0 900
AON CORP ADR G0408V102 1,873,758 9,680 SH   SOLE   0 0 9,680
APPLE INC. COM 037833100 739,101 3,300 SH   SOLE   3,300 0 0
APPLIED INDL TECH COM 03820C105 93,720 1,650 SH   SOLE   1,650 0 0
APTIV PLC ADR G6095L109 555,991 6,360 SH   SOLE   0 0 6,360
ARCH CAPITAL GP LTD. ADR G0450A105 1,698,931 40,470 SH   SOLE   0 0 40,470
ARES CAP CORP COM 04010L103 1,053,697 56,544 SH   SOLE   40,044 0 16,500
AT&T INC. COM 00206R102 3,748,052 99,050 SH   SOLE   71,450 0 27,600
AUST & NZ BNKG ADR 052528304 670,237 34,890 SH   SOLE   0 0 34,890
AUTO DATA PROCESS COM 053015103 96,852 600 SH   SOLE   600 0 0
AUTOLIV INC-SWED DEP RECE COM 005247374 267,026 3,423 SH   SOLE   0 0 3,423
AUTOZONE INC COM 053332102 108,462 100 SH   SOLE   100 0 0
AVANGRID INC COM 05351W103 94,050 1,800 SH   SOLE   1,800 0 0
AXIS CAPITAL HDS ADR G0692U109 1,220,976 18,300 SH   SOLE   0 0 18,300
BAE SYS PLC ADR 05523R107 1,205,123 42,750 SH   SOLE   0 0 42,750
BAIDU COM INC ADR 056752108 174,692 1,700 SH   SOLE   0 0 1,700
BAKER HUGHES A GE COM 05722G100 506,920 21,850 SH   SOLE   0 0 21,850
BANDAI NAMCO HOLDINGS INC COM 00B0JDQD4 1,756,058 28,200 SH   SOLE   0 0 28,200
BANK OF AMERICA COM 060505104 3,557,282 121,950 SH   SOLE   87,950 0 34,000
BAXTER INTL INC. COM 071813109 992,785 11,350 SH   SOLE   8,050 0 3,300
BAYER AG-REG COM 005069211 895,386 12,696 SH   SOLE   0 0 12,696
BEAZER HOMES USA COM 07556Q881 12,367 830 SH   SOLE   830 0 0
BECTON DICKINSON & CO COM 075887109 1,613,885 6,380 SH   SOLE   6,380 0 0
BEIERSDORF AG COM 005107401 641,464 5,438 SH   SOLE   0 0 5,438
BERKSHIRE HATH. B COM 084670702 4,025,187 19,350 SH   SOLE   13,950 0 5,400
BERKSHIRE HATHAWAY A COM 084670108 2,494,656 8 SH   SOLE   6 0 2
BIO-TECHNE CORP COM 09073M104 88,052 450 SH   SOLE   450 0 0
BLACK HILLS CORP COM 092113109 874,722 11,400 SH   SOLE   8,100 0 3,300
BOEING CO. COM 097023105 1,091,949 2,870 SH   SOLE   2,170 0 700
BOOKING HOLDINGS INC. COM 09857L108 98,131 50 SH   SOLE   50 0 0
BRISTOL MYERS SQUIBB COM 110122108 1,140,468 22,490 SH   SOLE   16,490 0 6,000
BROADCOM INC. COM 11135F101 2,677,879 9,700 SH   SOLE   2,750 0 6,950
CABLE ONE INC. COM 12685J105 1,066,495 850 SH   SOLE   650 0 200
CANADIAN NATL RAILWAY CO COM 002180632 957,790 10,660 SH   SOLE   0 0 10,660
CANADIAN PACIFIC RAILWAY COM 002793115 680,457 3,060 SH   SOLE   0 0 3,060
CAPITAL ONE FINL COM 14040H105 95,529 1,050 SH   SOLE   1,050 0 0
CARLSBERG AS-B COM 004169219 800,118 5,412 SH   SOLE   0 0 5,412
CASEYS GEN STORES COM 147528103 112,812 700 SH   SOLE   700 0 0
CATERPILLAR TRACTOR COM 149123101 94,733 750 SH   SOLE   750 0 0
CBS CORP. COM 124857202 744,827 18,450 SH   SOLE   13,050 0 5,400
CGI GROUP INC - CL A COM 00BJ2L575 1,409,987 17,820 SH   SOLE   0 0 17,820
CHARLES SCHWAB COM 808513105 94,118 2,250 SH   SOLE   2,250 0 0
CHARTER PLC COM 16119P108 1,092,118 2,650 SH   SOLE   1,950 0 700
CHEVRON CORP COM 166764100 2,549,900 21,500 SH   SOLE   15,400 0 6,100
CIGNA CORP. COM 125523100 887,972 5,850 SH   SOLE   4,150 0 1,700
CINTAS CORP COM 172908105 107,240 400 SH   SOLE   400 0 0
CISCO SYSTEMS COM 17275R102 2,964,600 60,000 SH   SOLE   43,400 0 16,600
CITIGROUP INC. COM 172967424 2,966,986 42,950 SH   SOLE   30,950 0 12,000
CITIZENS FINANCIAL GROUP COM 174610105 1,180,651 33,380 SH   SOLE   23,630 0 9,750
CLP HOLDINGS LTD COM 006097017 304,634 29,000 SH   SOLE   0 0 29,000
CME GROUP COM 12572Q105 1,088,401 5,150 SH   SOLE   3,750 0 1,400
COCA COLA COMPANY COM 191216100 97,992 1,800 SH   SOLE   1,800 0 0
COGNIZANT TECH. COM 192446102 873,843 14,500 SH   SOLE   10,200 0 4,300
COLGATE PALMOLIVE COM 194162103 95,563 1,300 SH   SOLE   1,300 0 0
COMCAST CORP-Cl A COM 20030N101 1,641,814 36,420 SH   SOLE   36,420 0 0
COMPASS GROUP PLC COM 00BD6K457 1,651,386 64,027 SH   SOLE   0 0 64,027
CONOCOPHILLIPS COM 20825C104 962,962 16,900 SH   SOLE   12,400 0 4,500
COPART INC COM 217204106 104,429 1,300 SH   SOLE   1,300 0 0
CORNING INC COM 219350105 1,214,952 42,600 SH   SOLE   31,000 0 11,600
COSTCO WHOLESALE COM 22160K105 1,123,629 3,900 SH   SOLE   2,900 0 1,000
CREDIT SAISON CO LTD COM 006591809 286,917 21,400 SH   SOLE   0 0 21,400
CROWN CASTLE INTL COM 22822V101 1,452,655 10,450 SH   SOLE   7,350 0 3,100
CSX CORP. COM 126408103 827,777 11,950 SH   SOLE   8,450 0 3,500
CUMMINS INC COM 231021106 1,122,423 6,900 SH   SOLE   4,900 0 2,000
CVS CAREMARK CORP COM 126650100 1,104,986 17,520 SH   SOLE   12,420 0 5,100
DANAHER CORP COM 235851102 1,335,978 9,250 SH   SOLE   6,950 0 2,300
DANONE COM 00B1Y9TB3 649,458 7,371 SH   SOLE   0 0 7,371
DBS GROUP HOLDINGS LTD COM 006175203 1,668,595 92,300 SH   SOLE   0 0 92,300
DELTA AIR LINES COM 247361702 960,768 16,680 SH   SOLE   11,780 0 4,900
DENSO CORP COM 006640381 637,155 14,500 SH   SOLE   0 0 14,500
DEUTSCHE BOERSE AG COM 007021963 916,121 5,860 SH   SOLE   0 0 5,860
DIAGEO PLC COM 000237400 1,114,503 27,135 SH   SOLE   0 0 27,135
DIGITAL RLTY TR COM 253868103 1,690,126 13,020 SH   SOLE   9,470 0 3,550
DISCOVER FINCL SERVICES COM 254709108 970,647 11,970 SH   SOLE   8,470 0 3,500
DISNEY WALT PRODTNS COM 254687106 1,146,816 8,800 SH   SOLE   6,600 0 2,200
DISTRIBUIDORA INTERNACION COM 00B55ZR92 15,321 26,417 SH   SOLE   0 0 26,417
DOMINION RESOURCES COM 25746U109 948,168 11,700 SH   SOLE   8,300 0 3,400
DOW INC. COM 260557103 983,067 20,631 SH   SOLE   15,131 0 5,500
E.ON SE COM 004942904 316,014 32,500 SH   SOLE   0 0 32,500
EASTMAN CHEM CO COM 277432100 173,501 2,350 SH   SOLE   2,350 0 0
ELI LILLY & CO. COM 532457108 1,024,363 9,160 SH   SOLE   6,660 0 2,500
ENEL SPA COM 007144569 394,361 52,800 SH   SOLE   0 0 52,800
ENGIE COM 00B0C2CQ3 388,682 23,800 SH   SOLE   0 0 23,800
ENTERGY CORP. COM 29364G103 1,853,114 15,790 SH   SOLE   11,190 0 4,600
EOG RESOURCES INC. COM 26875P101 129,885 1,750 SH   SOLE   1,750 0 0
EQUINIX INC COM 29444U700 1,101,688 1,910 SH   SOLE   1,410 0 500
ERSTE GROUP BANK AG COM 005289837 342,277 10,348 SH   SOLE   0 0 10,348
ESSILORLUXOTTICA COM 007212477 274,805 1,906 SH   SOLE   0 0 1,906
EVERGY INC COM 30034W106 106,496 1,600 SH   SOLE   1,600 0 0
EXELON CORP. COM 30161N101 1,400,990 29,000 SH   SOLE   20,500 0 8,500
EXXON MOBIL CORP. COM 30231G102 3,519,909 49,850 SH   SOLE   35,850 0 14,000
FACEBOOK INC. COM 30303M102 320,544 1,800 SH   SOLE   1,800 0 0
FACTSET RESH SYS COM 303075105 109,337 450 SH   SOLE   450 0 0
FAMILYMART UNY HOLDINGS C COM 006331276 993,999 40,800 SH   SOLE   0 0 40,800
FANUC CORP COM 006356934 649,299 3,450 SH   SOLE   0 0 3,450
FIFTH THIRD BANCORP COM 316773100 1,151,603 42,060 SH   SOLE   29,760 0 12,300
FIRST MERCHANTS CORP COM 320817109 116,669 3,100 SH   SOLE   3,100 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 957,330 9,900 SH   SOLE   7,000 0 2,900
FLIR SYS INC COM 302445101 99,921 1,900 SH   SOLE   1,900 0 0
FOMENTO ECONOMICO MEX-SP ADR 344419106 427,679 4,670 SH   SOLE   0 0 4,670
FORD MOTOR CO. COM 345370860 856,460 93,500 SH   SOLE   66,100 0 27,400
FRESENIUS SE & CO KGAA COM 004352097 500,376 10,700 SH   SOLE   0 0 10,700
GALLAGHER ARTHUR CO. COM 363576109 1,308,618 14,610 SH   SOLE   10,610 0 4,000
GEBERIT AG-REG COM 00B1WGG93 910,040 1,904 SH   SOLE   0 0 1,904
GENERAL ELECTRIC CO. COM 369604103 335,697 37,550 SH   SOLE   37,550 0 0
GENERAL MTRS CO COM 37045V100 944,496 25,200 SH   SOLE   17,800 0 7,400
GENUINE PARTS COM 372460105 89,631 900 SH   SOLE   900 0 0
GILEAD SCIENCES INC. COM 375558103 951,334 15,010 SH   SOLE   11,010 0 4,000
GLOBE LIFE INC COM 37959E102 100,548 1,050 SH   SOLE   1,050 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,212,296 5,850 SH   SOLE   4,250 0 1,600
GOODYEAR TIRE RUBBER COM 382550101 72,745 5,050 SH   SOLE   5,050 0 0
GRIFOLS SA-ADR ADR 398438408 884,365 44,130 SH   SOLE   0 0 44,130
GROUPE BRUXELLES LAMBERT COM 007097328 414,729 4,318 SH   SOLE   0 0 4,318
GRUPO TELEVISA SA ADR 40049J206 121,859 12,460 SH   SOLE   0 0 12,460
HARTFORD FINCL. SRV COM 416515104 106,068 1,750 SH   SOLE   1,750 0 0
HCA INC. COM 40412C101 854,982 7,100 SH   SOLE   5,000 0 2,100
HEALTHCARE REALTY COM 421946104 125,625 3,750 SH   SOLE   3,750 0 0
HEICO CORP-CLASS A COM 422806208 88,357 908 SH   SOLE   908 0 0
HEINEKEN NV COM 007792559 846,997 7,835 SH   SOLE   0 0 7,835
HENKEL AG & CO KGAA VORZU COM 005076705 382,696 3,866 SH   SOLE   0 0 3,866
HERMES INTERNATIONAL COM 005253973 769,291 1,113 SH   SOLE   0 0 1,113
HESS CORP. COM 42809H107 909,014 15,030 SH   SOLE   10,630 0 4,400
HEXAGON AB-B SHS COM 00B1XFTL2 975,638 20,212 SH   SOLE   0 0 20,212
HOME DEPOT INC. COM 437076102 1,169,381 5,040 SH   SOLE   3,740 0 1,300
HONEYWELL INT'L COM 438516106 93,060 550 SH   SOLE   550 0 0
HOYA CORP COM 006441506 1,705,455 20,900 SH   SOLE   0 0 20,900
HP INC COM 40434L105 850,454 44,950 SH   SOLE   31,750 0 13,200
HUMANA INC. COM 444859102 102,268 400 SH   SOLE   400 0 0
HUNTINGTON INGALLS INDUS COM 446413106 95,306 450 SH   SOLE   450 0 0
IBERDROLA SA COM 00B288C92 376,340 36,200 SH   SOLE   0 0 36,200
ICICI BK LTD ADR 45104G104 152,676 12,535 SH   SOLE   0 0 12,535
ILLUMINA INC COM 452327109 91,266 300 SH   SOLE   300 0 0
IMPERIAL OIL LTD COM 002454241 107,878 4,140 SH   SOLE   0 0 4,140
IMPERIAL OIL LTD ADR 453038408 497,173 19,100 SH   SOLE   0 0 19,100
ING GROEP NV-CVA COM 00BZ57390 891,021 85,100 SH   SOLE   0 0 85,100
INSURANCE AUSTRALIA GROUP COM 006271026 712,363 133,698 SH   SOLE   0 0 133,698
INT'L BUSINESS MACH. COM 459200101 109,065 750 SH   SOLE   750 0 0
INT'L PAPER CO. COM 460146103 991,134 23,700 SH   SOLE   16,800 0 6,900
INTEL CORP. COM 458140100 3,122,718 60,600 SH   SOLE   43,700 0 16,900
INTL CONSOLIDATED AIRLINE COM 00B5M6XQ7 30,262 5,170 SH   SOLE   0 0 5,170
INTUITIVE SURGICAL INC COM 46120E602 107,986 200 SH   SOLE   200 0 0
INVESTOR AB-B SHS COM 005679591 928,080 18,967 SH   SOLE   0 0 18,967
ISS A/S COM 00BKJ9RT5 670,372 27,086 SH   SOLE   0 0 27,086
ITAU UNIBANCO HLDNG-PREF ADR 465562106 414,378 49,272 SH   SOLE   0 0 49,272
JAPAN TOBACCO INC COM 006474535 424,709 19,400 SH   SOLE   0 0 19,400
JEFFERIES FINANCIAL GP COM 47233W109 920,920 50,050 SH   SOLE   35,350 0 14,700
JOHN WOOD GROUP PLC COM 00B5N0P84 507,545 108,415 SH   SOLE   0 0 108,415
JOHNSON & JOHNSON COM 478160104 3,370,349 26,050 SH   SOLE   18,850 0 7,200
JPMORGAN CHASE & CO COM 46625H100 4,548,719 38,650 SH   SOLE   27,850 0 10,800
JULIUS BAER GROUP LTD COM 00B4R2R50 281,200 6,341 SH   SOLE   0 0 6,341
KBC GROEP NV COM 004497749 277,930 4,276 SH   SOLE   0 0 4,276
KDDI CORP COM 006248990 737,127 28,200 SH   SOLE   0 0 28,200
KELLOGG CO COM 487836108 1,068,854 16,610 SH   SOLE   11,760 0 4,850
KEYCORP COM 493267108 1,077,536 60,400 SH   SOLE   44,400 0 16,000
KIA MOTORS CORP COM 006490928 96,183 2,523 SH   SOLE   0 0 2,523
KIMBERLY CLARK CORP. COM 494368103 1,143,503 8,050 SH   SOLE   5,700 0 2,350
KINDER MORGAN INC COM 49456B101 904,779 43,900 SH   SOLE   31,000 0 12,900
KINGFISHER PLC COM 003319521 204,894 80,401 SH   SOLE   0 0 80,401
KOMATSU LTD COM 006496584 666,412 29,100 SH   SOLE   0 0 29,100
KROGER CO. COM 501044101 1,083,276 42,020 SH   SOLE   29,720 0 12,300
KUEHNE & NAGEL INTL AG-RE COM 00B142S60 429,730 2,915 SH   SOLE   0 0 2,915
LABORATORY AMER H COM 50540R409 117,600 700 SH   SOLE   700 0 0
LAUDER ESTEE COS. COM 518439104 1,016,635 5,110 SH   SOLE   3,610 0 1,500
LEAR CORP. COM 521865204 784,035 6,650 SH   SOLE   4,650 0 2,000
LEGRAND SA COM 00B11ZRK9 521,405 7,304 SH   SOLE   0 0 7,304
LENNAR CORP. COM 526057104 1,010,885 18,100 SH   SOLE   12,800 0 5,300
LENOVO GROUP LTD COM 006218089 116,083 174,000 SH   SOLE   0 0 174,000
LINDE PLC COM 00BYWD9S5 149,423 770 SH   SOLE   0 0 770
LOCKHEED MARTIN COM 539830109 1,158,478 2,970 SH   SOLE   2,220 0 750
LOWES COS INC. COM 548661107 109,960 1,000 SH   SOLE   1,000 0 0
MARATHON PETROLEUM CORP COM 56585A102 1,224,113 20,150 SH   SOLE   14,850 0 5,300
MARSH & MCLENNON COM 571748102 1,132,566 11,320 SH   SOLE   8,020 0 3,300
MASTERCARD INC. COM 57636Q104 203,678 750 SH   SOLE   750 0 0
MAXIM INTERGRATED COM 57772K101 926,560 16,000 SH   SOLE   11,300 0 4,700
MCDONALDS CORP. COM 580135101 3,046,735 14,190 SH   SOLE   10,190 0 4,000
MCKESSON CORP COM 58155Q103 505,642 3,700 SH   SOLE   3,700 0 0
MEDTRONIC INC. ADR G5960L103 147,723 1,360 SH   SOLE   0 0 1,360
MERCK & CO. INC. COM 58933Y105 2,857,911 33,950 SH   SOLE   24,650 0 9,300
MERCK KGAA COM 004741844 883,913 7,845 SH   SOLE   0 0 7,845
METLIFE INC COM 59156R108 1,409,141 29,880 SH   SOLE   21,080 0 8,800
MFA FINANCIAL INC. COM 55272X102 94,208 12,800 SH   SOLE   12,800 0 0
MICROSOFT CORP. COM 594918104 2,205,016 15,860 SH   SOLE   12,610 0 3,250
MIDSOUTH BANKCORP COM 620076307 937,255 5,500 SH   SOLE   3,900 0 1,600
MONDELEZ INTERNATIONAL CL COM 609207105 1,034,484 18,700 SH   SOLE   13,800 0 4,900
MOODYS CORP COM 615369105 1,065,116 5,200 SH   SOLE   3,800 0 1,400
MORGAN STANLEY COM 617446448 1,013,413 23,750 SH   SOLE   17,450 0 6,300
MTU AERO ENGINES AG COM 00B09DHL9 2,315,569 8,712 SH   SOLE   0 0 8,712
MULTICHOICE GROUP COM 00BHZSKR4 2,739 352 SH   SOLE   0 0 352
NASPERS LTD-N SHS COM 006622691 60,848 402 SH   SOLE   0 0 402
NATIONAL GRID PLC COM 00BDR05C0 364,066 33,500 SH   SOLE   0 0 33,500
NEENAH PAPER INC COM 640079109 976,800 15,000 SH   SOLE   10,600 0 4,400
NESTLE SA-REG COM 007123870 2,911,827 26,815 SH   SOLE   0 0 26,815
NETEASE COM INC ADR 64110W102 119,781 450 SH   SOLE   0 0 450
NETFLIX COM INC COM 64110L106 93,667 350 SH   SOLE   350 0 0
NEW ORIENTAL EDUCATIO-SP COM 647581107 210,444 1,900 SH   SOLE   0 0 1,900
NEWMONT MINING COM 651639106 917,664 24,200 SH   SOLE   17,100 0 7,100
NEXTERA ENERGY INC COM 65339F101 1,025,156 4,400 SH   SOLE   3,100 0 1,300
NIKE INC B COM 654106103 112,704 1,200 SH   SOLE   1,200 0 0
NOBLE ENERGY INC COM 655044105 984,422 43,830 SH   SOLE   30,980 0 12,850
NORFOLK SOUTHERN CORP COM 655844108 862,368 4,800 SH   SOLE   3,400 0 1,400
NORTHROP GRUMMAN COM 666807102 1,086,891 2,900 SH   SOLE   2,100 0 800
NORTHWESTERN CORP COM 668074305 953,135 12,700 SH   SOLE   9,000 0 3,700
NOVOZYMES A/S-B SHARES COM 00B798FW0 1,101,570 26,195 SH   SOLE   0 0 26,195
NTT DOCOMO INC COM 006129277 461,062 18,100 SH   SOLE   0 0 18,100
NVIDIA CORP COM 67066G104 156,663 900 SH   SOLE   900 0 0
O'REILLY AUTO COM 67103H107 99,628 250 SH   SOLE   250 0 0
OCCIDENTAL PETRO. COM 674599105 1,285,183 28,900 SH   SOLE   21,400 0 7,500
OIL STS INTL COM 678026105 728,840 54,800 SH   SOLE   38,800 0 16,000
OLD DOMINION FGHT LINE COM 679580100 118,979 700 SH   SOLE   700 0 0
OLD REP INTL CORP. COM 680223104 97,816 4,150 SH   SOLE   4,150 0 0
OLYMPUS CORP COM 006658801 361,053 26,800 SH   SOLE   0 0 26,800
ONO PHARMACEUTICAL CO LTD COM 006660107 267,995 14,800 SH   SOLE   0 0 14,800
ORACLE SYSTEMS COM 68389X105 1,378,502 25,050 SH   SOLE   18,250 0 6,800
ORION CORP COM 006896849 12,601 948 SH   SOLE   0 0 948
ORION CORP/REPUBLIC OF KO COM 00BDVLJ72 151,530 1,842 SH   SOLE   0 0 1,842
ORKLA ASA COM 00B1VQF42 437,867 48,072 SH   SOLE   0 0 48,072
OSAKA GAS CO LTD COM 006661768 361,474 18,900 SH   SOLE   0 0 18,900
OVERSEA-CHINESE BANKING C COM 00B0F9V20 613,324 78,100 SH   SOLE   0 0 78,100
PANALPINA WELTTRANSPORT - COM 00B0KJTG5 750,301 3,358 SH   SOLE   0 0 3,358
PARGESA HOLDING SA-BR COM 00B0CDLF8 963,656 12,520 SH   SOLE   0 0 12,520
PARKER HANNIFIN COM 701094104 984,325 5,450 SH   SOLE   3,850 0 1,600
PARTNERS GROUP HOLDING AG COM 00B119QG0 1,307,117 1,702 SH   SOLE   0 0 1,702
PAYPAL HOLDINGS INC COM 70450Y103 139,847 1,350 SH   SOLE   1,350 0 0
PEOPLES UNITED FINCL COM 712704105 1,009,239 64,550 SH   SOLE   47,850 0 16,700
PEPSICO INC. COM 713448108 1,044,702 7,620 SH   SOLE   5,620 0 2,000
PERNOD RICARD SA COM 004682329 965,690 5,421 SH   SOLE   0 0 5,421
PFIZER INC. COM 717081103 2,577,978 71,750 SH   SOLE   51,850 0 19,900
PHILIP MORRIS INT'L COM 718172109 1,108,578 14,600 SH   SOLE   10,300 0 4,300
PNC FINCL SVCS COM 693475105 2,571,936 18,350 SH   SOLE   13,250 0 5,100
PORTLAND GENERAL ELECTRIC COM 736508847 1,226,611 21,760 SH   SOLE   16,260 0 5,500
PPG INDUSTRIES COM 693506107 931,489 7,860 SH   SOLE   5,560 0 2,300
PROCTOR & GAMBLE COM 742718109 3,830,904 30,800 SH   SOLE   22,300 0 8,500
PROLOGIS TR COM 74340W103 1,103,599 12,950 SH   SOLE   9,550 0 3,400
PROSUS NV COM 00BJDS7L3 29,517 402 SH   SOLE   0 0 402
PRUDENTIAL FINL INC COM 744320102 1,317,768 14,650 SH   SOLE   10,350 0 4,300
PUBLIC STORAGE INC COM 74460D109 934,479 3,810 SH   SOLE   2,710 0 1,100
PUBLIC SVC ENTER. COM 744573106 1,477,504 23,800 SH   SOLE   16,800 0 7,000
QUALCOMM INC. COM 747525103 1,289,132 16,900 SH   SOLE   12,000 0 4,900
QUEST DIAGNOSTICS COM 74834L100 101,679 950 SH   SOLE   950 0 0
RANDSTAD HOLDING NV COM 005228658 328,959 6,692 SH   SOLE   0 0 6,692
RAYTHEON CO. COM 755111507 88,286 450 SH   SOLE   450 0 0
RECKITT BENCKISER GROUP P COM 00B24CGK7 800,612 10,241 SH   SOLE   0 0 10,241
RECRUIT HOLDINGS CO LTD COM 00BQRRZ00 1,252,678 41,200 SH   SOLE   0 0 41,200
REED ELSEVIER PLC COM 00B2B0DG9 1,500,318 63,001 SH   SOLE   0 0 63,001
REGIONS FINANCIAL CORP COM 7591EP100 1,015,802 64,210 SH   SOLE   45,410 0 18,800
RELIANCE STEEL & ALUM COM 759509102 1,026,498 10,300 SH   SOLE   7,300 0 3,000
RELX PLC COM 00BYWLC68 1,512,502 63,553 SH   SOLE   0 0 63,553
RIGHTMOVE PLC COM 00BGDT3G2 844,059 124,400 SH   SOLE   0 0 124,400
RINNAI CORP COM 006740582 241,832 3,600 SH   SOLE   0 0 3,600
ROCHE HOLDING AG-GENUSSCH COM 007110388 1,990,317 6,833 SH   SOLE   0 0 6,833
ROCKWELL INT'L COM 773903109 939,360 5,700 SH   SOLE   4,000 0 1,700
ROYAL BANK OF CANADA COM 002754383 1,390,454 17,130 SH   SOLE   0 0 17,130
ROYAL DUTCH SHELL A ADR 780259206 1,842,005 31,300 SH   SOLE   0 0 31,300
RPC INC COM 749660106 74,333 13,250 SH   SOLE   13,250 0 0
SALESFORCE COM INC COM 79466L302 126,174 850 SH   SOLE   850 0 0
SANTEN PHARMACEUTICAL CO COM 006776606 609,926 35,100 SH   SOLE   0 0 35,100
SAP AG COM 004846288 1,809,677 15,387 SH   SOLE   0 0 15,387
SASOL LTD ADR 803866300 411,812 24,210 SH   SOLE   0 0 24,210
SEMPRA ENERGY COM 816851109 974,226 6,600 SH   SOLE   4,700 0 1,900
SERVICENOW INC COM 81762P102 88,848 350 SH   SOLE   350 0 0
SHIN-ETSU CHEMICAL CO LTD COM 006804585 1,315,642 12,300 SH   SOLE   0 0 12,300
SIMON PPTY GP COM 828806109 974,369 6,260 SH   SOLE   4,560 0 1,700
SMITH & NEPHEW PLC COM 000922320 24,213 1,003 SH   SOLE   0 0 1,003
SMITHS GROUP PLC COM 00B1WY233 332,635 17,193 SH   SOLE   0 0 17,193
SODEXO COM 007062713 430,971 3,838 SH   SOLE   0 0 3,838
SONOCO PRODS CO COM 835495102 87,315 1,500 SH   SOLE   1,500 0 0
SONY FINANCIAL HOLDINGS I COM 00B249SN5 1,356,551 62,600 SH   SOLE   0 0 62,600
SOUTHERN CO. COM 842587107 1,013,028 16,400 SH   SOLE   11,600 0 4,800
SPECTRUM BRANDS HDGS COM 84790A105 66,001 1,252 SH   SOLE   885 0 367
STAG INDUSTRIAL INC COM 85254J102 91,388 3,100 SH   SOLE   3,100 0 0
STANDARD CHARTERED PLC COM 000408284 15,868 1,882 SH   SOLE   0 0 1,882
STANLEY ELECTRIC CO LTD COM 006841106 887,917 33,600 SH   SOLE   0 0 33,600
STARBUCKS CORP COM 855244109 154,735 1,750 SH   SOLE   1,750 0 0
STRYKER CORP. COM 863667101 973,350 4,500 SH   SOLE   3,200 0 1,300
SUMITOMO METAL MINING CO COM 006858849 464,539 15,000 SH   SOLE   0 0 15,000
SUNCOR ENERGY INC COM 00B3NB1P2 131,304 4,160 SH   SOLE   0 0 4,160
SUNCOR ENERGY INC ADR 867224107 1,046,245 33,130 SH   SOLE   0 0 33,130
SWEDBANK AB - A SHARES COM 004846523 277,328 19,243 SH   SOLE   0 0 19,243
SYNCHRONY FINANCIAL COM 87165B103 932,362 27,350 SH   SOLE   19,350 0 8,000
SYSCO COM 871829107 1,029,818 12,970 SH   SOLE   9,120 0 3,850
TAIWAN SEMICONDUCTOR ADR 874039100 151,525 3,260 SH   SOLE   0 0 3,260
TARGET CORP. COM 87612E106 1,143,937 10,700 SH   SOLE   7,600 0 3,100
TE CONNECTIVITY LTD ADR H84989104 1,571,947 16,870 SH   SOLE   0 0 16,870
TELEFONICA BRASIL-ADR COM 87936R106 253,786 19,270 SH   SOLE   0 0 19,270
TERADYNE INC. COM 880770102 121,611 2,100 SH   SOLE   2,100 0 0
TERUMO CORP COM 006885074 508,758 15,800 SH   SOLE   0 0 15,800
TEXAS INSTRS INC. COM 882508104 1,293,692 10,010 SH   SOLE   7,310 0 2,700
THERMO FISHER SCIENTIFIC COM 883556102 1,019,445 3,500 SH   SOLE   2,600 0 900
TJX COMPANIES INC. COM 872540109 1,088,045 19,520 SH   SOLE   14,320 0 5,200
TOKYO ELECTRON LTD COM 006895675 1,921,874 10,100 SH   SOLE   0 0 10,100
TOKYO GAS CO LTD COM 006895448 342,847 13,600 SH   SOLE   0 0 13,600
TORONTO-DOMINION BANK COM 002897222 1,361,210 23,330 SH   SOLE   0 0 23,330
TRAVELERS COMPANIES COM 89417E109 89,214 600 SH   SOLE   600 0 0
TRI POINTE GROUP COM 87265H109 132,352 8,800 SH   SOLE   8,800 0 0
TWO HARBORS INVESTMENT CO COM 90187B408 956,521 72,850 SH   SOLE   51,450 0 21,400
TYSON FOOD CL A COM 902494103 990,610 11,500 SH   SOLE   8,100 0 3,400
UCB SA COM 005596991 499,248 6,876 SH   SOLE   0 0 6,876
UNILEVER PLC COM 00B10RZP7 344,383 5,715 SH   SOLE   0 0 5,715
UNILEVER PLC ADR 904767704 1,832,449 30,490 SH   SOLE   0 0 30,490
UNION PACIFIC CORP. COM 907818108 1,012,375 6,250 SH   SOLE   4,650 0 1,600
UNITED HEALTHCARE COM 91324P102 934,476 4,300 SH   SOLE   3,200 0 1,100
UNITED OVERSEAS BANK LTD COM 006916781 1,217,222 65,600 SH   SOLE   0 0 65,600
UNITED OVERSEAS BANK-SP A ADR 911271302 1,506,728 40,640 SH   SOLE   0 0 40,640
UNITED PARCEL SERVICE COM 911312106 119,820 1,000 SH   SOLE   1,000 0 0
UNITED TECHNOLOGIES COM 913017109 1,078,508 7,900 SH   SOLE   5,800 0 2,100
UNUMPROVIDENT COM 91529Y106 855,044 28,770 SH   SOLE   20,320 0 8,450
US FOODS HOLDING COM 912008109 108,915 2,650 SH   SOLE   2,650 0 0
V F CORP. COM 918204108 947,744 10,650 SH   SOLE   7,550 0 3,100
VALERO ENERGY NEW COM 91913Y100 973,441 11,420 SH   SOLE   8,020 0 3,400
VEONEER INC. COM 00BF2JMM5 51,030 3,433 SH   SOLE   0 0 3,433
VERISK ANALYTICS INC COM 92345Y106 102,791 650 SH   SOLE   650 0 0
VERIZON COMM. COM 92343V104 2,743,362 45,450 SH   SOLE   32,750 0 12,700
VERMILION ENERGY INC COM 00B607XS1 354,053 21,240 SH   SOLE   0 0 21,240
VESUVIUS PLC COM 00B82YXW8 514,044 91,599 SH   SOLE   0 0 91,599
VIPSHOP HOLDINGS LTD - AD ADR 92763W103 61,994 6,950 SH   SOLE   0 0 6,950
VISA INC COM 92826C839 1,541,210 8,960 SH   SOLE   6,660 0 2,300
VOPAK COM 005809428 536,400 10,433 SH   SOLE   0 0 10,433
VOYA FINANCIAL INC. COM 929089100 937,457 17,220 SH   SOLE   12,220 0 5,000
VULCAN MATLS COM 929160109 1,158,498 7,660 SH   SOLE   5,660 0 2,000
WAL MART STORES INC. COM 931142103 1,649,652 13,900 SH   SOLE   9,800 0 4,100
WASTE MGMT INC DEL. COM 94106L109 905,050 7,870 SH   SOLE   5,570 0 2,300
WATERS CORP. COM 941848103 100,454 450 SH   SOLE   450 0 0
WEC ENERGY GP COM 92939U106 185,445 1,950 SH   SOLE   1,950 0 0
WELLS FARGO & CO COM 949746101 2,587,572 51,300 SH   SOLE   37,100 0 14,200
WH SMITH PLC COM 00B2PDGW1 552,155 22,550 SH   SOLE   0 0 22,550
WILLIAMS COS. COM 969457100 851,724 35,400 SH   SOLE   25,400 0 10,000
WIRECARD AG COM 007508927 2,133,104 13,333 SH   SOLE   0 0 13,333
WORKDAY INC-CL. A COM 98138H101 76,482 450 SH   SOLE   450 0 0
WPP PLC COM 00B8KF9B4 678,950 54,122 SH   SOLE   0 0 54,122
WSFS FINL CORP COM 929328102 108,045 2,450 SH   SOLE   2,450 0 0
YAHOO JAPAN CORP COM 006084848 293,381 104,300 SH   SOLE   0 0 104,300
ZOETIS INC COM 98978V103 1,118,799 8,980 SH   SOLE   6,580 0 2,400