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 753 31,275 SH   SOLE   31,275 0 0
Abbott Labs COM 002824100 10,787 124,190 SH   SOLE   124,190 0 0
Abbvie Inc COM 00287Y109 11,421 128,990 SH   SOLE   128,990 0 0
Accenture PLC CL A COM G1151C101 6,140 29,157 SH   SOLE   29,157 0 0
Activision Blizzard Inc COM 00507V109 5,120 86,173 SH   SOLE   86,173 0 0
Adidas AG COM 00687A107 846 5,200 SH   SOLE   5,200 0 0
Adobe Inc COM 00724F101 23,885 72,422 SH   SOLE   72,422 0 0
Air Products & Chemicals, Inc. COM 009158106 5,523 23,505 SH   SOLE   23,505 0 0
Albemarle Corp COM 012653101 2,963 40,565 SH   SOLE   40,565 0 0
Alcon Inc COM H01301128 345 6,100 SH   SOLE   6,100 0 0
Alexion Pharmaceuticals Inc COM 015351109 3,142 29,050 SH   SOLE   29,050 0 0
Alibaba Group Holdings COM 01609W102 7,022 33,109 SH   SOLE   33,109 0 0
Align Technology COM 016255101 4,802 17,210 SH   SOLE   17,210 0 0
Allergan PLC COM G0177J108 4,457 23,313 SH   SOLE   23,313 0 0
AllianceBernstein Holding LP COM 01881G106 239 7,900 SH   SOLE   7,900 0 0
Allstate Corp COM 020002101 4,490 39,925 SH   SOLE   39,925 0 0
Alphabet Inc Class A COM 02079K305 30,739 22,950 SH   SOLE   22,950 0 0
Alphabet Inc Class C COM 02079K107 30,766 23,011 SH   SOLE   23,011 0 0
Altria Group, Inc. COM 02209S103 6,755 135,350 SH   SOLE   135,350 0 0
Amadeus IT Group COM 02263T104 809 9,900 SH   SOLE   9,900 0 0
Amazon.com, Inc. COM 023135106 53,717 29,070 SH   SOLE   29,070 0 0
Ambev SA ADR COM 02319V103 489 105,000 SH   SOLE   105,000 0 0
America Movil SA de CV ADR COM 02364W105 433 27,050 SH   SOLE   27,050 0 0
American Campus Communities COM 024835100 3,043 64,700 SH   SOLE   64,700 0 0
American Electric Power COM 025537101 5,648 59,765 SH   SOLE   59,765 0 0
American Express COM 025816109 14,631 117,525 SH   SOLE   117,525 0 0
American States Water Co COM 029899101 2,859 33,000 SH   SOLE   33,000 0 0
American Water Works Co Inc COM 030420103 4,010 32,645 SH   SOLE   32,645 0 0
Anheuser-Busch COM 03524A108 6,003 73,170 SH   SOLE   73,170 0 0
Anthem Inc COM 036752103 11,689 38,700 SH   SOLE   38,700 0 0
Apollo Global Management Inc COM 03768e105 530 11,100 SH   SOLE   11,100 0 0
Apple Inc COM 037833100 102,629 349,495 SH   SOLE   349,495 0 0
Ares Capital Corp COM 04010L103 302 16,200 SH   SOLE   16,200 0 0
Arthur J. Gallagher & Co. COM 363576109 12,880 135,250 SH   SOLE   135,250 0 0
AstraZeneca Group PLC ADR COM 046353108 1,189 23,850 SH   SOLE   23,850 0 0
AT&T Inc COM 00206R102 17,643 451,466 SH   SOLE   451,466 0 0
Atmos Energy Corp. COM 049560105 1,542 13,781 SH   SOLE   13,781 0 0
AXA SA ADR COM 054536107 671 23,800 SH   SOLE   23,800 0 0
Baidu.com COM 056752108 382 3,025 SH   SOLE   3,025 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 297 53,213 SH   SOLE   53,213 0 0
Banco de Chile ADR COM 059520106 314 14,952 SH   SOLE   14,952 0 0
Banco Santander Central Hispan COM 05964H105 242 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 6,695 133,030 SH   SOLE   133,030 0 0
Barclays PLC ADR COM 06738E204 329 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 987 52,200 SH   SOLE   52,200 0 0
Becton Dickinson and Co COM 075887109 1,717 6,314 SH   SOLE   6,314 0 0
BHP Billiton Ltd. ADR COM 088606108 1,107 20,225 SH   SOLE   20,225 0 0
Biomarin Pharmaceutical Inc COM 09061G101 2,375 28,095 SH   SOLE   28,095 0 0
Blackstone Group Inc NPV COM 09260d107 2,973 53,155 SH   SOLE   53,155 0 0
Boeing Company COM 097023105 17,493 53,700 SH   SOLE   53,700 0 0
Boston Properties Inc COM 101121101 653 4,740 SH   SOLE   4,740 0 0
BP plc ADR COM 055622104 2,270 60,150 SH   SOLE   60,150 0 0
Brambles LTD COM 105105209 643 39,000 SH   SOLE   39,000 0 0
Bristol Myers Squibb COM 110122108 5,162 80,420 SH   SOLE   80,420 0 0
British American Tob SP ADR COM 110448107 940 22,150 SH   SOLE   22,150 0 0
Broadcom Inc COM 11135f101 8,645 27,356 SH   SOLE   27,356 0 0
Callon Petroleum Co COM 13123X102 2,504 518,383 SH   SOLE   518,383 0 0
Canadian Solar Inc COM 136635109 294 13,325 SH   SOLE   13,325 0 0
Capital One Financial COM 14040H105 7,685 74,675 SH   SOLE   74,675 0 0
Caterpillar Inc. COM 149123101 6,219 42,110 SH   SOLE   42,110 0 0
Cemex SAB de CV ADR COM 151290889 66 17,486 SH   SOLE   17,486 0 0
CenturyLink Inc COM 156700106 178 13,500 SH   SOLE   13,500 0 0
CGI Inc COM 12532h104 998 11,925 SH   SOLE   11,925 0 0
Charles Schwab Corp. COM 808513105 9,191 193,245 SH   SOLE   193,245 0 0
Chart Industries Inc COM 16115Q308 4,838 71,680 SH   SOLE   71,680 0 0
Cheniere Energy Inc COM 16411R208 4,094 67,032 SH   SOLE   67,032 0 0
Chevron Corp. COM 166764100 16,443 136,445 SH   SOLE   136,445 0 0
Church & Dwight Co. COM 171340102 11,526 163,860 SH   SOLE   163,860 0 0
Cielo SA COM 171778202 166 79,725 SH   SOLE   79,725 0 0
Cigna Corp COM 125523100 5,811 28,419 SH   SOLE   28,419 0 0
Cincinnati Financial COM 172062101 1,525 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243V102 609 18,000 SH   SOLE   18,000 0 0
Cisco Systems COM 17275R102 19,622 409,125 SH   SOLE   409,125 0 0
Citigroup Inc. COM 172967424 15,215 190,455 SH   SOLE   190,455 0 0
CK Hutchison Holdings Limited COM 12562Y100 820 86,006 SH   SOLE   86,006 0 0
CMS Energy Corp. COM 125896100 6,721 106,960 SH   SOLE   106,960 0 0
Coca-Cola COM 191216100 847 15,300 SH   SOLE   15,300 0 0
Cognizant Tech Solutions Corp. COM 192446102 4,069 65,611 SH   SOLE   65,611 0 0
Columbia Sportswear Co COM 198516106 8,035 80,200 SH   SOLE   80,200 0 0
Comcast Corp COM 20030N101 14,502 322,475 SH   SOLE   322,475 0 0
Comerica, Inc. COM 200340107 1,363 19,000 SH   SOLE   19,000 0 0
Constellation Brands COM 21036P108 11,191 58,975 SH   SOLE   58,975 0 0
Continental Resources Inc COM 212015101 2,730 79,605 SH   SOLE   79,605 0 0
Corning Inc. COM 219350105 4,721 162,180 SH   SOLE   162,180 0 0
Corteva Inc COM 22052L104 627 21,228 SH   SOLE   21,228 0 0
Costco Co. COM 22160K105 11,116 37,820 SH   SOLE   37,820 0 0
Covanta Holding Corp COM 22282E102 312 21,050 SH   SOLE   21,050 0 0
Crown Castle International Cor COM 22822V101 9,255 65,105 SH   SOLE   65,105 0 0
Cummins Inc COM 231021106 6,226 34,790 SH   SOLE   34,790 0 0
CVS Health Corp COM 126650100 8,153 109,741 SH   SOLE   109,741 0 0
Daimler AG ADR COM D1668R123 795 14,600 SH   SOLE   14,600 0 0
Danaher Corp. COM 235851102 19,068 124,235 SH   SOLE   124,235 0 0
Danone ADR COM 23636T100 554 33,400 SH   SOLE   33,400 0 0
Darden Restaurants Inc. COM 237194105 5,047 46,300 SH   SOLE   46,300 0 0
Davita Inc COM 23918K108 6,636 88,450 SH   SOLE   88,450 0 0
Delek US Holding Inc COM 24665A103 3,629 108,223 SH   SOLE   108,223 0 0
Deutsche Post AG ADR COM 25157Y202 382 10,000 SH   SOLE   10,000 0 0
Diageo PLC ADR COM 25243Q205 1,726 10,250 SH   SOLE   10,250 0 0
Diamondback Energy Inc COM 25278X109 2,120 22,828 SH   SOLE   22,828 0 0
Digital Realty COM 253868103 718 6,000 SH   SOLE   6,000 0 0
Discovery Inc COM 25470F104 5,731 175,050 SH   SOLE   175,050 0 0
Dollar General COM 256677105 9,589 61,475 SH   SOLE   61,475 0 0
Dominion Energy Inc COM 25746U109 3,665 44,250 SH   SOLE   44,250 0 0
Dow Inc COM 260557103 1,162 21,227 SH   SOLE   21,227 0 0
Du Pont (E.I.) De Nemours & Co COM 26614N102 1,363 21,227 SH   SOLE   21,227 0 0
Duke Energy Corp. COM 26441C204 6,480 71,049 SH   SOLE   71,049 0 0
Duke Realty Corp. COM 264411505 2,590 74,700 SH   SOLE   74,700 0 0
Eagle Materials Inc COM 26969P108 3,941 43,465 SH   SOLE   43,465 0 0
Edison Int'l COM 281020107 2,943 39,025 SH   SOLE   39,025 0 0
Edwards Lifesciences Corp COM 28176E108 224 960 SH   SOLE   960 0 0
Electronic Arts Inc. COM 285512109 4,255 39,575 SH   SOLE   39,575 0 0
Enbridge Inc COM 29250N105 1,743 43,825 SH   SOLE   43,825 0 0
ENI SPA ADR COM 26874R108 696 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 631 22,400 SH   SOLE   22,400 0 0
EOG Resources COM 26875P101 6,588 78,650 SH   SOLE   78,650 0 0
EPAM Systems Inc COM 29414B104 4,600 21,682 SH   SOLE   21,682 0 0
EPR Properties COM 26884U109 3,114 44,080 SH   SOLE   44,080 0 0
Equity Residential Properties COM 29476L107 2,456 30,350 SH   SOLE   30,350 0 0
Essex Property Trust Inc COM 297178105 1,246 4,140 SH   SOLE   4,140 0 0
Evergy Inc COM 30034W106 3,471 53,320 SH   SOLE   53,320 0 0
Exact Sciences Corp COM 30063P105 11,673 126,225 SH   SOLE   126,225 0 0
Exelon Corp. COM 30161N101 4,643 101,840 SH   SOLE   101,840 0 0
Expedia Group Inc COM 30212P303 3,835 35,460 SH   SOLE   35,460 0 0
Exxon Mobil Corp. COM 30231G102 18,031 258,404 SH   SOLE   258,404 0 0
Facebook Inc COM 30303M102 29,719 144,796 SH   SOLE   144,796 0 0
Fanuc Corp COM 307305102 558 29,825 SH   SOLE   29,825 0 0
Fedex Corp. COM 31428X106 3,956 26,165 SH   SOLE   26,165 0 0
Ferrovial SA COM 315437103 898 29,673 SH   SOLE   29,673 0 0
Fifth Third Bancorp COM 316773100 4,974 161,810 SH   SOLE   161,810 0 0
Flowserve Corp. COM 34354P105 5,528 111,075 SH   SOLE   111,075 0 0
Fomento Economico Mexicana-SP COM 344419106 612 6,475 SH   SOLE   6,475 0 0
Fortive Corp COM 34959J108 5,819 76,175 SH   SOLE   76,175 0 0
Four Corners Property Trust In COM 35086T109 1,309 46,424 SH   SOLE   46,424 0 0
Freeport-McMoRan Inc COM 35671D857 177 13,500 SH   SOLE   13,500 0 0
Galapagos NV COM 36315X101 724 3,500 SH   SOLE   3,500 0 0
Gaming and Leisure Properties COM 36467J108 4,393 102,050 SH   SOLE   102,050 0 0
General Electric Co. COM 369604103 7,827 701,375 SH   SOLE   701,375 0 0
General Motors Inc COM 37045V100 3,973 108,545 SH   SOLE   108,545 0 0
Getinge AB COM 37427X104 622 33,475 SH   SOLE   33,475 0 0
Gilead Science Inc COM 375558103 6,237 95,990 SH   SOLE   95,990 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,548 32,950 SH   SOLE   32,950 0 0
Global Payments Inc. COM 37940X102 11,409 62,497 SH   SOLE   62,497 0 0
Goldman Sachs Group COM 38141G104 12,186 53,000 SH   SOLE   53,000 0 0
Grifols SA ADR COM 398438408 504 21,650 SH   SOLE   21,650 0 0
Halliburton Co. COM 406216101 3,034 123,995 SH   SOLE   123,995 0 0
Healthpeak Properties Inc COM 42250P103 1,032 29,940 SH   SOLE   29,940 0 0
Hitachi Ltd. ADR COM 433578507 732 8,600 SH   SOLE   8,600 0 0
Hologic Inc COM 436440101 1,044 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 25,462 116,595 SH   SOLE   116,595 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,333 47,100 SH   SOLE   47,100 0 0
Honeywell International, Inc. COM 438516106 18,796 106,190 SH   SOLE   106,190 0 0
Host Hotels & Resorts Inc. COM 44107P104 7,973 429,805 SH   SOLE   429,805 0 0
HP Inc COM 40434L105 342 16,650 SH   SOLE   16,650 0 0
HSBC Holdings ADR COM 404280406 500 12,800 SH   SOLE   12,800 0 0
Icahn Enterprises LP COM 451100101 341 5,550 SH   SOLE   5,550 0 0
Icon PLC ADR COM G4705A100 1,154 6,700 SH   SOLE   6,700 0 0
Infineon Technologies ADR COM 45662N103 840 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,766 268,000 SH   SOLE   268,000 0 0
Ingenico Group COM 45684W107 401 18,475 SH   SOLE   18,475 0 0
Insulet Corp COM 45784P101 8,663 50,600 SH   SOLE   50,600 0 0
Intel Corp. COM 458140100 19,993 334,055 SH   SOLE   334,055 0 0
International Business Machine COM 459200101 2,274 16,962 SH   SOLE   16,962 0 0
Intesa Sanpaolo ADR COM 46115H107 172 10,899 SH   SOLE   10,899 0 0
Iqiyi Inc COM 46267X108 242 11,475 SH   SOLE   11,475 0 0
Iron Mountain Inc. COM 46284V101 6,439 202,035 SH   SOLE   202,035 0 0
Itau Unibanco Holding SA ADR COM 465562106 456 49,808 SH   SOLE   49,808 0 0
JD.com Inc COM 47215P106 4,117 116,850 SH   SOLE   116,850 0 0
Johnson & Johnson COM 478160104 27,157 186,175 SH   SOLE   186,175 0 0
JOYY Inc COM 46591m109 232 4,400 SH   SOLE   4,400 0 0
JPMorgan Chase & Co. COM 46625H100 41,117 294,956 SH   SOLE   294,956 0 0
Kellogg Co. COM 487836108 2,533 36,620 SH   SOLE   36,620 0 0
Kimco Realty Corp. COM 49446R109 900 43,475 SH   SOLE   43,475 0 0
Kinder Morgan Inc. COM 49456B101 1,883 88,957 SH   SOLE   88,957 0 0
Kingfisher PLC ADR COM 495724403 149 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 675 30,700 SH   SOLE   30,700 0 0
KKR & Co Inc COM 48251w104 458 15,700 SH   SOLE   15,700 0 0
Koninklijke Ahold Delhaize NV COM 500467501 350 14,003 SH   SOLE   14,003 0 0
Koninklijke Philips NV ADR COM 500472303 415 8,500 SH   SOLE   8,500 0 0
Korea Electric Power Corp COM 500631106 368 31,075 SH   SOLE   31,075 0 0
Kroger Co COM 501044101 6,126 211,300 SH   SOLE   211,300 0 0
Kubota Corp-Spon ADR COM 501173207 353 4,450 SH   SOLE   4,450 0 0
Las Vegas Sands COM 517834107 323 4,675 SH   SOLE   4,675 0 0
Liberty Property Trust COM 531172104 2,314 38,540 SH   SOLE   38,540 0 0
Lilly (Eli) & Co. COM 532457108 16,372 124,570 SH   SOLE   124,570 0 0
Logitech International SA ADR COM H50430232 1,788 37,920 SH   SOLE   37,920 0 0
Lowe's Co. COM 548661107 8,946 74,700 SH   SOLE   74,700 0 0
Lyondellbassel Industries N.V. COM N53745100 3,278 34,700 SH   SOLE   34,700 0 0
Macerich Co. COM 554382101 481 17,884 SH   SOLE   17,884 0 0
Mack-Cali Realty Corp. COM 554489104 278 12,000 SH   SOLE   12,000 0 0
Marathon Petroleum Corp. COM 56585A102 3,788 62,872 SH   SOLE   62,872 0 0
Marriott International COM 571903202 4,519 29,840 SH   SOLE   29,840 0 0
Marriott Vacation World COM 57164Y107 742 5,763 SH   SOLE   5,763 0 0
Marsh & McLennan Companies, In COM 571748102 20,651 185,360 SH   SOLE   185,360 0 0
MasterCard Inc COM 57636Q104 15,452 51,750 SH   SOLE   51,750 0 0
McCormick & Co. COM 579780206 14,357 84,585 SH   SOLE   84,585 0 0
McDonald's Corp. COM 580135101 15,189 76,865 SH   SOLE   76,865 0 0
Mckesson HBOC Inc. COM 58155Q103 1,988 14,370 SH   SOLE   14,370 0 0
Medtronic Inc COM G5960L103 7,923 69,835 SH   SOLE   69,835 0 0
Mercadolibre Inc ADR COM 58733R102 2,988 5,225 SH   SOLE   5,225 0 0
Merck & Co., Inc. COM 58933Y105 18,453 202,890 SH   SOLE   202,890 0 0
Metlife Inc COM 59156R108 7,089 139,085 SH   SOLE   139,085 0 0
Micron Technology Inc. COM 595112103 5,467 101,650 SH   SOLE   101,650 0 0
Microsoft Corp COM 594918104 89,652 568,498 SH   SOLE   568,498 0 0
Minerals Technologies Inc COM 603158106 2,970 51,540 SH   SOLE   51,540 0 0
Mitsubishi UFJ Financial Group COM 606822104 1,339 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 457 1,275 SH   SOLE   1,275 0 0
Momo Inc COM 60879B107 314 9,375 SH   SOLE   9,375 0 0
Morgan Stanley, Dean Witter, D COM 617446448 9,248 180,900 SH   SOLE   180,900 0 0
MRC Global Inc COM 55345K103 2,071 151,850 SH   SOLE   151,850 0 0
National Grid PLC COM 636274409 589 9,400 SH   SOLE   9,400 0 0
Netflix Inc COM 64110L106 10,696 33,055 SH   SOLE   33,055 0 0
New York Community Bancorp COM 649445103 121 10,100 SH   SOLE   10,100 0 0
Newmont Goldcorp Corp. COM 651639106 4,505 103,693 SH   SOLE   103,693 0 0
NextEra Energy Inc COM 65339F101 8,667 35,789 SH   SOLE   35,789 0 0
NICE Ltd ADR COM 653656108 1,078 6,950 SH   SOLE   6,950 0 0
Nintendo Co Ltd COM 654445303 472 9,325 SH   SOLE   9,325 0 0
Nippon Telegraph & Telephone C COM 654624105 2,882 56,800 SH   SOLE   56,800 0 0
Nisource Inc. COM 65473P105 4,167 149,680 SH   SOLE   149,680 0 0
Nokia Corp ADR COM 654902204 320 86,225 SH   SOLE   86,225 0 0
Norsk Hydro ASA ADR COM 656531605 67 18,000 SH   SOLE   18,000 0 0
Northrop Grumman Corp. COM 666807102 15,267 44,385 SH   SOLE   44,385 0 0
Novartis ADR COM 66987V109 2,888 30,500 SH   SOLE   30,500 0 0
Novo Nordisk ADR COM 670100205 3,241 56,000 SH   SOLE   56,000 0 0
Nutrien LTD COM 67077M108 4,215 87,972 SH   SOLE   87,972 0 0
NVIDIA Corp. COM 67066G104 9,518 40,450 SH   SOLE   40,450 0 0
Occidental Petroleum COM 674599105 798 19,362 SH   SOLE   19,362 0 0
Omega Healthcare Investors COM 681936100 382 9,025 SH   SOLE   9,025 0 0
Oracle Corp. COM 68389X105 11,728 221,364 SH   SOLE   221,364 0 0
Outfront Media Inc COM 69007J106 347 12,950 SH   SOLE   12,950 0 0
Pacwest Bancorp COM 695263103 243 6,350 SH   SOLE   6,350 0 0
Palo Alto Networks Inc COM 697435105 4,126 17,840 SH   SOLE   17,840 0 0
Panasonic Corp ADR COM 69832A205 589 62,200 SH   SOLE   62,200 0 0
Parsley Energy Inc COM 701877102 1,535 81,185 SH   SOLE   81,185 0 0
Pattern Energy Group Inc COM 70338P100 309 11,550 SH   SOLE   11,550 0 0
PayPal Holdings Inc COM 70450Y103 11,742 108,550 SH   SOLE   108,550 0 0
PepsiCo, Inc. COM 713448108 14,711 107,640 SH   SOLE   107,640 0 0
Pfizer, Inc. COM 717081103 17,439 445,112 SH   SOLE   445,112 0 0
Philip Morris International In COM 718172109 1,503 17,660 SH   SOLE   17,660 0 0
Plains All American Pipeline L COM 726503105 218 11,865 SH   SOLE   11,865 0 0
PNC Financial Services Group COM 693475105 13,239 82,934 SH   SOLE   82,934 0 0
PPG Industries, Inc. COM 693506107 888 6,650 SH   SOLE   6,650 0 0
PPL Corp. COM 69351T106 2,236 62,330 SH   SOLE   62,330 0 0
Prada SPA ADR COM 73942H100 257 31,100 SH   SOLE   31,100 0 0
Principal Financial Group COM 74251V102 6,225 113,190 SH   SOLE   113,190 0 0
Procter & Gamble Inc COM 742718109 30,675 245,600 SH   SOLE   245,600 0 0
Prologis Trust COM 74340W103 12,196 136,820 SH   SOLE   136,820 0 0
Prudential Financial, Inc. COM 744320102 3,876 41,350 SH   SOLE   41,350 0 0
PTC Inc COM 69370C100 4,356 58,164 SH   SOLE   58,164 0 0
Public Service Enterprise Grou COM 744573106 1,098 18,600 SH   SOLE   18,600 0 0
Qualcomm Inc. COM 747525103 7,740 87,724 SH   SOLE   87,724 0 0
Quest Diagnostics Inc COM 74834L100 1,159 10,850 SH   SOLE   10,850 0 0
Regions Financial Corp. COM 7591EP100 319 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 166 10,600 SH   SOLE   10,600 0 0
Rexnord Corp COM 76169B102 4,101 125,710 SH   SOLE   125,710 0 0
RingCentral Inc COM 76680R206 11,928 70,717 SH   SOLE   70,717 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 1,074 26,500 SH   SOLE   26,500 0 0
Royal Dutch Shell PLC ADR COM 780259206 1,472 24,950 SH   SOLE   24,950 0 0
Sabra Health Care REIT Inc COM 78573L106 239 11,201 SH   SOLE   11,201 0 0
Salesforce.com Inc COM 79466L302 10,297 63,314 SH   SOLE   63,314 0 0
Sanofi ADR COM 80105N105 1,787 35,600 SH   SOLE   35,600 0 0
Santos Ltd ADR COM 803021807 258 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 2,532 18,900 SH   SOLE   18,900 0 0
Schlumberger Ltd. COM 806857108 6,465 160,821 SH   SOLE   160,821 0 0
Schneider Electric SE ADR COM 80687P106 427 20,775 SH   SOLE   20,775 0 0
Seagate Technology COM G7945M107 547 9,200 SH   SOLE   9,200 0 0
Sealed Air Corp. COM 81211K100 2,826 70,950 SH   SOLE   70,950 0 0
Sensata Technologies Holding P COM g8060n102 597 11,075 SH   SOLE   11,075 0 0
Servicenow Inc COM 81762P102 8,094 28,671 SH   SOLE   28,671 0 0
SFL Corp Ltd COM g7738w106 268 18,400 SH   SOLE   18,400 0 0
Simon Property Group, Inc. COM 828806109 1,666 11,186 SH   SOLE   11,186 0 0
Singapore Telecom-SP ADR COM 82929R304 762 30,400 SH   SOLE   30,400 0 0
Splunk Inc COM 848637104 5,736 38,301 SH   SOLE   38,301 0 0
Starbucks Corp. COM 855244109 9,697 110,290 SH   SOLE   110,290 0 0
STMicroelect4ronics NV COM 861012102 946 35,150 SH   SOLE   35,150 0 0
Subsea 7 Sa ADR COM 864323100 285 23,900 SH   SOLE   23,900 0 0
Sun Hung Kai Prop Ltd COM 86676H302 379 24,775 SH   SOLE   24,775 0 0
Swisscom AG ADR COM 871013108 365 6,900 SH   SOLE   6,900 0 0
T Mobile US Inc COM 872590104 4,860 61,975 SH   SOLE   61,975 0 0
Taiwan Semiconductor Manufactu COM 874039100 3,037 52,271 SH   SOLE   52,271 0 0
Take-Two Interactive Software COM 874054109 4,166 34,030 SH   SOLE   34,030 0 0
Target Corp. COM 87612E106 17,254 134,575 SH   SOLE   134,575 0 0
TC Energy Corp COM 87807b107 725 13,605 SH   SOLE   13,605 0 0
TDK Corp. ADR COM 872351408 399 3,500 SH   SOLE   3,500 0 0
Telenor ASA ADR COM 87944W105 435 24,300 SH   SOLE   24,300 0 0
Tencent Holdings LTD-UNS ADR COM 88032Q109 638 13,225 SH   SOLE   13,225 0 0
Texas Instruments COM 882508104 4,113 32,057 SH   SOLE   32,057 0 0
The Travelers Companies, Inc. COM 89417E109 7,711 56,306 SH   SOLE   56,306 0 0
Thermo Fisher Scientific Inc COM 883556102 20,028 61,650 SH   SOLE   61,650 0 0
Thomson Reuters Corp COM 884903709 834 11,642 SH   SOLE   11,642 0 0
Tokio Marine Holdings Inc ADR COM 889094108 1,239 22,000 SH   SOLE   22,000 0 0
Total SA ADR COM 89151E109 1,714 31,000 SH   SOLE   31,000 0 0
Toyota Motor Corp. ADR COM 892331307 3,608 25,675 SH   SOLE   25,675 0 0
Tractor Supply Company COM 892356106 2,383 25,500 SH   SOLE   25,500 0 0
TRIP.COM Group LTD-ADR COM 89677Q107 376 11,200 SH   SOLE   11,200 0 0
Truist Financial Corp COM 89832Q109 4,837 85,890 SH   SOLE   85,890 0 0
Tupperware Brands Corp COM 899896104 234 27,300 SH   SOLE   27,300 0 0
U.S. Bancorp COM 902973304 9,501 160,242 SH   SOLE   160,242 0 0
UBS Group AG COM H42097107 341 27,120 SH   SOLE   27,120 0 0
Unilever PLC ADR COM 904767704 1,940 33,940 SH   SOLE   33,940 0 0
Union Pacific COM 907818108 10,504 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 24,268 82,550 SH   SOLE   82,550 0 0
United Parcel Services Cl B COM 911312106 7,096 60,620 SH   SOLE   60,620 0 0
United Technologies COM 913017109 16,930 113,050 SH   SOLE   113,050 0 0
Valero Energy Corp. COM 91913Y100 3,884 41,475 SH   SOLE   41,475 0 0
Verizon Communications Inc COM 92343V104 14,628 238,248 SH   SOLE   238,248 0 0
Vertex Pharmaceuticals Inc COM 92532F100 6,136 28,025 SH   SOLE   28,025 0 0
Visa Inc COM 92826C839 19,704 104,865 SH   SOLE   104,865 0 0
Vulcan Materials COM 929160109 3,479 24,160 SH   SOLE   24,160 0 0
Wabtec Corp COM 929740108 266 3,419 SH   SOLE   3,419 0 0
Walgreens Boots Alliance Inc COM 931427108 5,442 92,305 SH   SOLE   92,305 0 0
Walmart Stores Inc COM 931142103 15,820 133,120 SH   SOLE   133,120 0 0
Walt Disney Co. COM 254687106 19,543 135,125 SH   SOLE   135,125 0 0
Weatherford International PL COM G48833118 2,056 73,566 SH   SOLE   73,566 0 0
Weibo Corp COM 948596101 224 4,825 SH   SOLE   4,825 0 0
Wells Fargo Co. COM 949746101 15,866 294,900 SH   SOLE   294,900 0 0
Welltower Inc COM 95040Q104 1,301 15,905 SH   SOLE   15,905 0 0
Western Digital COM 958102105 2,031 31,999 SH   SOLE   31,999 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 2,335 137,500 SH   SOLE   137,500 0 0
Williams Cos. COM 969457100 688 29,000 SH   SOLE   29,000 0 0
WNS Holdings LTD COM 92932M101 7,619 115,175 SH   SOLE   115,175 0 0
WPP PLC ADR COM 92937A102 380 5,400 SH   SOLE   5,400 0 0
Wright Medical Group NV COM N96617118 568 18,650 SH   SOLE   18,650 0 0
Yum China Holdings Inc COM 98850P109 765 15,925 SH   SOLE   15,925 0 0
Zoetis COM 98978V103 10,256 77,495 SH   SOLE   77,495 0 0
Wisdomtree Emerging Markets Hi COM 97717W315 772 16,900 SH   SOLE   16,900 0 0
Bristol-Myers Squibb-Cvr COM 110122157 261 86,545 SH   SOLE   86,545 0 0