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 540 31,275 SH   SOLE   31,275 0 0
Abbott Labs COM 002824100 9,800 124,190 SH   SOLE   124,190 0 0
Abbvie Inc COM 00287Y109 9,828 128,990 SH   SOLE   128,990 0 0
Accenture PLC CL A COM G1151C101 4,760 29,157 SH   SOLE   29,157 0 0
Activision Blizzard Inc COM 00507V109 5,126 86,173 SH   SOLE   86,173 0 0
Adidas AG COM 00687A107 587 5,200 SH   SOLE   5,200 0 0
Adobe Inc COM 00724F101 17,221 54,112 SH   SOLE   54,112 0 0
Air Products & Chemicals, Inc. COM 009158106 4,692 23,505 SH   SOLE   23,505 0 0
Albemarle Corp COM 012653101 2,287 40,565 SH   SOLE   40,565 0 0
Alcon Inc COM H01301128 310 6,100 SH   SOLE   6,100 0 0
Alexion Pharmaceuticals Inc COM 015351109 2,608 29,050 SH   SOLE   29,050 0 0
Alibaba Group Holdings COM 01609W102 6,439 33,109 SH   SOLE   33,109 0 0
Align Technology COM 016255101 2,994 17,210 SH   SOLE   17,210 0 0
Allergan PLC COM G0177J108 4,129 23,313 SH   SOLE   23,313 0 0
Allstate Corp COM 020002101 3,662 39,925 SH   SOLE   39,925 0 0
Alphabet Inc Class A COM 02079K305 26,667 22,950 SH   SOLE   22,950 0 0
Alphabet Inc Class C COM 02079K107 26,757 23,011 SH   SOLE   23,011 0 0
Altria Group, Inc. COM 02209S103 5,234 135,350 SH   SOLE   135,350 0 0
Amadeus IT Group COM 02263T104 469 9,900 SH   SOLE   9,900 0 0
Amazon.com, Inc. COM 023135106 56,678 29,070 SH   SOLE   29,070 0 0
Ambev SA ADR COM 02319V103 242 105,000 SH   SOLE   105,000 0 0
America Movil SA de CV ADR COM 02364W105 319 27,050 SH   SOLE   27,050 0 0
American Campus Communities COM 024835100 1,795 64,700 SH   SOLE   64,700 0 0
American Electric Power COM 025537101 4,780 59,765 SH   SOLE   59,765 0 0
American Express COM 025816109 10,061 117,525 SH   SOLE   117,525 0 0
American States Water Co COM 029899101 2,697 33,000 SH   SOLE   33,000 0 0
American Water Works Co Inc COM 030420103 3,903 32,645 SH   SOLE   32,645 0 0
Anheuser-Busch COM 03524A108 3,228 73,170 SH   SOLE   73,170 0 0
Anthem Inc COM 036752103 8,786 38,700 SH   SOLE   38,700 0 0
Apollo Global Management Inc COM 03768e105 372 11,100 SH   SOLE   11,100 0 0
Apple Inc COM 037833100 81,233 319,451 SH   SOLE   319,451 0 0
Ares Capital Corp COM 04010L103 175 16,200 SH   SOLE   16,200 0 0
Arthur J. Gallagher & Co. COM 363576109 11,024 135,250 SH   SOLE   135,250 0 0
AstraZeneca Group PLC ADR COM 046353108 1,065 23,850 SH   SOLE   23,850 0 0
AT&T Inc COM 00206R102 13,160 451,466 SH   SOLE   451,466 0 0
Atmos Energy Corp. COM 049560105 1,367 13,781 SH   SOLE   13,781 0 0
AXA SA ADR COM 054536107 412 23,800 SH   SOLE   23,800 0 0
Baidu.com COM 056752108 305 3,025 SH   SOLE   3,025 0 0
Banco Bilbao Vizcaya Argentari COM 05946K101 163 53,213 SH   SOLE   53,213 0 0
Banco de Chile ADR COM 059520106 241 14,952 SH   SOLE   14,952 0 0
Banco Santander Central Hispan COM 05964H105 137 58,500 SH   SOLE   58,500 0 0
Bank of New York Mellon Corp. COM 064058100 4,480 133,030 SH   SOLE   133,030 0 0
Barclays PLC ADR COM 06738E204 157 34,600 SH   SOLE   34,600 0 0
BASF SE ADR COM 055262505 618 52,200 SH   SOLE   52,200 0 0
Becton Dickinson and Co COM 075887109 1,451 6,314 SH   SOLE   6,314 0 0
BHP Billiton Ltd. ADR COM 088606108 742 20,225 SH   SOLE   20,225 0 0
Biomarin Pharmaceutical Inc COM 09061G101 2,374 28,095 SH   SOLE   28,095 0 0
Blackstone Group Inc NPV COM 09260d107 2,422 53,155 SH   SOLE   53,155 0 0
Boeing Company COM 097023105 8,009 53,700 SH   SOLE   53,700 0 0
Boston Properties Inc COM 101121101 437 4,740 SH   SOLE   4,740 0 0
BP plc ADR COM 055622104 1,467 60,150 SH   SOLE   60,150 0 0
Brambles LTD COM 105105209 504 39,000 SH   SOLE   39,000 0 0
Bristol Myers Squibb COM 110122108 4,483 80,420 SH   SOLE   80,420 0 0
British American Tob SP ADR COM 110448107 757 22,150 SH   SOLE   22,150 0 0
Broadcom Inc COM 11135f101 6,486 27,356 SH   SOLE   27,356 0 0
Callon Petroleum Co COM 13123X102 284 518,382 SH   SOLE   518,382 0 0
Capital One Financial COM 14040H105 3,765 74,675 SH   SOLE   74,675 0 0
Caterpillar Inc. COM 149123101 4,886 42,110 SH   SOLE   42,110 0 0
Cemex SAB de CV ADR COM 151290889 37 17,486 SH   SOLE   17,486 0 0
CenturyLink Inc COM 156700106 128 13,500 SH   SOLE   13,500 0 0
CGI Inc COM 12532h104 649 11,925 SH   SOLE   11,925 0 0
Charles Schwab Corp. COM 808513105 6,497 193,245 SH   SOLE   193,245 0 0
Chart Industries Inc COM 16115Q308 2,077 71,680 SH   SOLE   71,680 0 0
Cheniere Energy Inc COM 16411R208 2,246 67,032 SH   SOLE   67,032 0 0
Chevron Corp. COM 166764100 9,887 136,445 SH   SOLE   136,445 0 0
Church & Dwight Co. COM 171340102 10,517 163,860 SH   SOLE   163,860 0 0
Cielo SA COM 171778202 69 79,725 SH   SOLE   79,725 0 0
Cigna Corp COM 125523100 5,035 28,419 SH   SOLE   28,419 0 0
Cincinnati Financial COM 172062101 1,094 14,500 SH   SOLE   14,500 0 0
Cinemark Holdings Inc. COM 17243V102 183 18,000 SH   SOLE   18,000 0 0
Cisco Systems COM 17275R102 16,083 409,125 SH   SOLE   409,125 0 0
Citigroup Inc. COM 172967424 8,022 190,455 SH   SOLE   190,455 0 0
CK Hutchison Holdings Limited COM 12562Y100 580 86,006 SH   SOLE   86,006 0 0
CMS Energy Corp. COM 125896100 6,284 106,960 SH   SOLE   106,960 0 0
Coca-Cola COM 191216100 677 15,300 SH   SOLE   15,300 0 0
Cognizant Tech Solutions Corp. COM 192446102 3,049 65,611 SH   SOLE   65,611 0 0
Columbia Sportswear Co COM 198516106 3,857 55,280 SH   SOLE   55,280 0 0
Comcast Corp COM 20030N101 11,087 322,475 SH   SOLE   322,475 0 0
Comerica, Inc. COM 200340107 557 19,000 SH   SOLE   19,000 0 0
Constellation Brands COM 21036P108 8,455 58,975 SH   SOLE   58,975 0 0
Continental Resources Inc COM 212015101 608 79,605 SH   SOLE   79,605 0 0
Corning Inc. COM 219350105 3,331 162,180 SH   SOLE   162,180 0 0
Corteva Inc COM 22052L104 499 21,228 SH   SOLE   21,228 0 0
Costco Co. COM 22160K105 10,784 37,820 SH   SOLE   37,820 0 0
Covanta Holding Corp COM 22282E102 180 21,050 SH   SOLE   21,050 0 0
Crown Castle International Cor COM 22822V101 9,401 65,105 SH   SOLE   65,105 0 0
Cummins Inc COM 231021106 4,708 34,790 SH   SOLE   34,790 0 0
CVS Health Corp COM 126650100 6,511 109,741 SH   SOLE   109,741 0 0
Daimler AG ADR COM D1668R123 436 14,600 SH   SOLE   14,600 0 0
Danaher Corp. COM 235851102 17,195 124,235 SH   SOLE   124,235 0 0
Danone ADR COM 23636T100 430 33,400 SH   SOLE   33,400 0 0
Darden Restaurants Inc. COM 237194105 2,521 46,300 SH   SOLE   46,300 0 0
Davita Inc COM 23918K108 6,728 88,450 SH   SOLE   88,450 0 0
Delek US Holding Inc COM 24665A103 1,706 108,223 SH   SOLE   108,223 0 0
Deutsche Post AG ADR COM 25157Y202 272 10,000 SH   SOLE   10,000 0 0
Diageo PLC ADR COM 25243Q205 1,303 10,250 SH   SOLE   10,250 0 0
Diamondback Energy Inc COM 25278X109 598 22,828 SH   SOLE   22,828 0 0
Digital Realty COM 253868103 833 6,000 SH   SOLE   6,000 0 0
Discovery Inc COM 25470F104 3,403 175,050 SH   SOLE   175,050 0 0
Dollar General COM 256677105 7,123 47,170 SH   SOLE   47,170 0 0
Dominion Energy Inc COM 25746U109 3,194 44,250 SH   SOLE   44,250 0 0
Dow Inc COM 260557103 621 21,227 SH   SOLE   21,227 0 0
Du Pont (E.I.) De Nemours & Co COM 26614N102 724 21,227 SH   SOLE   21,227 0 0
Duke Energy Corp. COM 26441C204 5,746 71,049 SH   SOLE   71,049 0 0
Duke Realty Corp. COM 264411505 2,419 74,700 SH   SOLE   74,700 0 0
Eagle Materials Inc COM 26969P108 2,539 43,465 SH   SOLE   43,465 0 0
Edison Int'l COM 281020107 2,138 39,025 SH   SOLE   39,025 0 0
Electronic Arts Inc. COM 285512109 3,964 39,575 SH   SOLE   39,575 0 0
Enbridge Inc COM 29250N105 1,275 43,825 SH   SOLE   43,825 0 0
ENI SPA ADR COM 26874R108 445 22,475 SH   SOLE   22,475 0 0
Enterprise Products Partners L COM 293792107 320 22,400 SH   SOLE   22,400 0 0
EOG Resources COM 26875P101 2,825 78,650 SH   SOLE   78,650 0 0
EPAM Systems Inc COM 29414B104 4,025 21,682 SH   SOLE   21,682 0 0
EPR Properties COM 26884U109 1,068 44,080 SH   SOLE   44,080 0 0
Equity Residential Properties COM 29476L107 1,873 30,350 SH   SOLE   30,350 0 0
Essex Property Trust Inc COM 297178105 912 4,140 SH   SOLE   4,140 0 0
Evergy Inc COM 30034W106 2,935 53,320 SH   SOLE   53,320 0 0
Exact Sciences Corp COM 30063P105 7,321 126,225 SH   SOLE   126,225 0 0
Exelon Corp. COM 30161N101 3,749 101,840 SH   SOLE   101,840 0 0
Expedia Group Inc COM 30212P303 1,995 35,460 SH   SOLE   35,460 0 0
Exxon Mobil Corp. COM 30231G102 9,812 258,404 SH   SOLE   258,404 0 0
Facebook Inc COM 30303M102 27,571 165,296 SH   SOLE   165,296 0 0
Fanuc Corp COM 307305102 405 29,825 SH   SOLE   29,825 0 0
Fedex Corp. COM 31428X106 3,173 26,165 SH   SOLE   26,165 0 0
Ferrovial SA COM 315437103 712 29,673 SH   SOLE   29,673 0 0
Fidelity National Information COM 31620M106 6,013 49,435 SH   SOLE   49,435 0 0
Fifth Third Bancorp COM 316773100 2,403 161,810 SH   SOLE   161,810 0 0
FIserv Inc. COM 337738108 6,143 64,675 SH   SOLE   64,675 0 0
Flowserve Corp. COM 34354P105 2,654 111,075 SH   SOLE   111,075 0 0
Fomento Economico Mexicana-SP COM 344419106 392 6,475 SH   SOLE   6,475 0 0
Fortive Corp COM 34959J108 4,204 76,175 SH   SOLE   76,175 0 0
Four Corners Property Trust In COM 35086T109 869 46,424 SH   SOLE   46,424 0 0
Freeport-McMoRan Inc COM 35671D857 91 13,500 SH   SOLE   13,500 0 0
Galapagos NV COM 36315X101 686 3,500 SH   SOLE   3,500 0 0
Gaming and Leisure Properties COM 36467J108 2,828 102,050 SH   SOLE   102,050 0 0
General Electric Co. COM 369604103 5,569 701,375 SH   SOLE   701,375 0 0
General Motors Inc COM 37045V100 2,256 108,545 SH   SOLE   108,545 0 0
Getinge AB COM 37427X104 644 33,475 SH   SOLE   33,475 0 0
Gilead Science Inc COM 375558103 7,176 95,990 SH   SOLE   95,990 0 0
GlaxoSmithKline plc ADR COM 37733W105 1,248 32,950 SH   SOLE   32,950 0 0
Global Payments Inc. COM 37940X102 9,014 62,497 SH   SOLE   62,497 0 0
Goldman Sachs Group COM 38141G104 8,193 53,000 SH   SOLE   53,000 0 0
Grifols SA ADR COM 398438408 436 21,650 SH   SOLE   21,650 0 0
Halliburton Co. COM 406216101 849 123,995 SH   SOLE   123,995 0 0
Healthpeak Properties Inc COM 42250P103 714 29,940 SH   SOLE   29,940 0 0
Hitachi Ltd. ADR COM 433578507 501 8,600 SH   SOLE   8,600 0 0
Hologic Inc COM 436440101 702 20,000 SH   SOLE   20,000 0 0
Home Depot, Inc. COM 437076102 21,769 116,595 SH   SOLE   116,595 0 0
Honda Motor Co Ltd. ADR COM 438128308 1,058 47,100 SH   SOLE   47,100 0 0
Honeywell International, Inc. COM 438516106 14,207 106,190 SH   SOLE   106,190 0 0
Host Hotels & Resorts Inc. COM 44107P104 4,745 429,805 SH   SOLE   429,805 0 0
HP Inc COM 40434L105 289 16,650 SH   SOLE   16,650 0 0
HSBC Holdings ADR COM 404280406 359 12,800 SH   SOLE   12,800 0 0
Icahn Enterprises LP COM 451100101 269 5,550 SH   SOLE   5,550 0 0
Icon PLC ADR COM G4705A100 911 6,700 SH   SOLE   6,700 0 0
Infineon Technologies ADR COM 45662N103 543 36,825 SH   SOLE   36,825 0 0
Infosys Ltd ADR COM 456788108 2,200 268,000 SH   SOLE   268,000 0 0
Ingenico Group COM 45684W107 393 18,475 SH   SOLE   18,475 0 0
Insulet Corp COM 45784P101 8,383 50,600 SH   SOLE   50,600 0 0
Intel Corp. COM 458140100 18,079 334,055 SH   SOLE   334,055 0 0
International Business Machine COM 459200101 1,882 16,962 SH   SOLE   16,962 0 0
Intesa Sanpaolo ADR COM 46115H107 107 10,899 SH   SOLE   10,899 0 0
Iqiyi Inc COM 46267X108 204 11,475 SH   SOLE   11,475 0 0
Iron Mountain Inc. COM 46284V101 4,808 202,035 SH   SOLE   202,035 0 0
Itau Unibanco Holding SA ADR COM 465562106 224 49,808 SH   SOLE   49,808 0 0
JD.com Inc COM 47215P106 4,732 116,850 SH   SOLE   116,850 0 0
Johnson & Johnson COM 478160104 24,413 186,175 SH   SOLE   186,175 0 0
JOYY Inc COM 46591m109 234 4,400 SH   SOLE   4,400 0 0
JPMorgan Chase & Co. COM 46625H100 26,555 294,956 SH   SOLE   294,956 0 0
Kellogg Co. COM 487836108 2,197 36,620 SH   SOLE   36,620 0 0
Kimco Realty Corp. COM 49446R109 420 43,475 SH   SOLE   43,475 0 0
Kinder Morgan Inc. COM 49456B101 1,238 88,957 SH   SOLE   88,957 0 0
Kingfisher PLC ADR COM 495724403 93 26,000 SH   SOLE   26,000 0 0
Kirin Holdings Co ADR COM 497350306 608 30,700 SH   SOLE   30,700 0 0
KKR & Co Inc COM 48251w104 368 15,700 SH   SOLE   15,700 0 0
Koninklijke Ahold Delhaize NV COM 500467501 327 14,003 SH   SOLE   14,003 0 0
Koninklijke Philips NV ADR COM 500472303 341 8,500 SH   SOLE   8,500 0 0
Korea Electric Power Corp COM 500631106 235 31,075 SH   SOLE   31,075 0 0
Kroger Co COM 501044101 6,364 211,300 SH   SOLE   211,300 0 0
Kubota Corp-Spon ADR COM 501173207 285 4,450 SH   SOLE   4,450 0 0
Lilly (Eli) & Co. COM 532457108 17,280 124,570 SH   SOLE   124,570 0 0
Logitech International SA ADR COM H50430232 1,628 37,920 SH   SOLE   37,920 0 0
Lowe's Co. COM 548661107 6,428 74,700 SH   SOLE   74,700 0 0
Lyondellbassel Industries N.V. COM N53745100 1,722 34,700 SH   SOLE   34,700 0 0
Macerich Co. COM 554382101 101 17,884 SH   SOLE   17,884 0 0
Mack-Cali Realty Corp. COM 554489104 183 12,000 SH   SOLE   12,000 0 0
Marathon Petroleum Corp. COM 56585A102 1,485 62,872 SH   SOLE   62,872 0 0
Marriott International COM 571903202 2,232 29,840 SH   SOLE   29,840 0 0
Marriott Vacation World COM 57164Y107 320 5,763 SH   SOLE   5,763 0 0
Marsh & McLennan Companies, In COM 571748102 16,026 185,360 SH   SOLE   185,360 0 0
MasterCard Inc COM 57636Q104 12,501 51,750 SH   SOLE   51,750 0 0
McCormick & Co. COM 579780206 11,944 84,585 SH   SOLE   84,585 0 0
McDonald's Corp. COM 580135101 10,235 61,900 SH   SOLE   61,900 0 0
Mckesson HBOC Inc. COM 58155Q103 1,944 14,370 SH   SOLE   14,370 0 0
Medtronic Inc COM G5960L103 6,298 69,835 SH   SOLE   69,835 0 0
Mercadolibre Inc ADR COM 58733R102 2,553 5,225 SH   SOLE   5,225 0 0
Merck & Co., Inc. COM 58933Y105 15,610 202,890 SH   SOLE   202,890 0 0
Metlife Inc COM 59156R108 4,252 139,085 SH   SOLE   139,085 0 0
Micron Technology Inc. COM 595112103 4,275 101,650 SH   SOLE   101,650 0 0
Microsoft Corp COM 594918104 89,658 568,498 SH   SOLE   568,498 0 0
Minerals Technologies Inc COM 603158106 1,869 51,540 SH   SOLE   51,540 0 0
Mitsubishi UFJ Financial Group COM 606822104 902 246,550 SH   SOLE   246,550 0 0
Mitsui & Co Ltd-Spons ADR COM 606827202 355 1,275 SH   SOLE   1,275 0 0
Momo Inc COM 60879B107 203 9,375 SH   SOLE   9,375 0 0
Morgan Stanley, Dean Witter, D COM 617446448 6,151 180,900 SH   SOLE   180,900 0 0
MRC Global Inc COM 55345K103 647 151,850 SH   SOLE   151,850 0 0
National Grid PLC COM 636274409 548 9,400 SH   SOLE   9,400 0 0
Netflix Inc COM 64110L106 12,412 33,055 SH   SOLE   33,055 0 0
New York Community Bancorp COM 649445103 95 10,100 SH   SOLE   10,100 0 0
Newmont Goldcorp Corp. COM 651639106 4,695 103,693 SH   SOLE   103,693 0 0
NextEra Energy Inc COM 65339F101 8,612 35,789 SH   SOLE   35,789 0 0
NICE Ltd ADR COM 653656108 998 6,950 SH   SOLE   6,950 0 0
Nintendo Co Ltd COM 654445303 449 9,325 SH   SOLE   9,325 0 0
Nippon Telegraph & Telephone C COM 654624105 2,710 113,600 SH   SOLE   113,600 0 0
Nisource Inc. COM 65473P105 3,738 149,680 SH   SOLE   149,680 0 0
Nokia Corp ADR COM 654902204 267 86,225 SH   SOLE   86,225 0 0
Norsk Hydro ASA ADR COM 656531605 39 18,000 SH   SOLE   18,000 0 0
Northrop Grumman Corp. COM 666807102 13,429 44,385 SH   SOLE   44,385 0 0
Novartis ADR COM 66987V109 2,515 30,500 SH   SOLE   30,500 0 0
Novo Nordisk ADR COM 670100205 3,371 56,000 SH   SOLE   56,000 0 0
Nutrien LTD COM 67077M108 2,986 87,972 SH   SOLE   87,972 0 0
NVIDIA Corp. COM 67066G104 10,663 40,450 SH   SOLE   40,450 0 0
Occidental Petroleum COM 674599105 224 19,362 SH   SOLE   19,362 0 0
Omega Healthcare Investors COM 681936100 240 9,025 SH   SOLE   9,025 0 0
Oracle Corp. COM 68389X105 10,699 221,364 SH   SOLE   221,364 0 0
Outfront Media Inc COM 69007J106 175 12,950 SH   SOLE   12,950 0 0
Palo Alto Networks Inc COM 697435105 2,925 17,840 SH   SOLE   17,840 0 0
Panasonic Corp ADR COM 69832A205 475 62,200 SH   SOLE   62,200 0 0
Parsley Energy Inc COM 701877102 465 81,185 SH   SOLE   81,185 0 0
PayPal Holdings Inc COM 70450Y103 10,393 108,550 SH   SOLE   108,550 0 0
Peloton Interactive Inc COM 70614W100 3,805 143,315 SH   SOLE   143,315 0 0
PepsiCo, Inc. COM 713448108 12,928 107,640 SH   SOLE   107,640 0 0
Pfizer, Inc. COM 717081103 14,528 445,112 SH   SOLE   445,112 0 0
Philip Morris International In COM 718172109 1,288 17,660 SH   SOLE   17,660 0 0
Plains All American Pipeline L COM 726503105 63 11,865 SH   SOLE   11,865 0 0
PNC Financial Services Group COM 693475105 7,938 82,934 SH   SOLE   82,934 0 0
PPG Industries, Inc. COM 693506107 556 6,650 SH   SOLE   6,650 0 0
PPL Corp. COM 69351T106 1,538 62,330 SH   SOLE   62,330 0 0
Prada SPA ADR COM 73942H100 182 31,100 SH   SOLE   31,100 0 0
Principal Financial Group COM 74251V102 3,547 113,190 SH   SOLE   113,190 0 0
Procter & Gamble Inc COM 742718109 27,016 245,600 SH   SOLE   245,600 0 0
Prologis Trust COM 74340W103 13,087 162,833 SH   SOLE   162,833 0 0
Prudential Financial, Inc. COM 744320102 2,156 41,350 SH   SOLE   41,350 0 0
PTC Inc COM 69370C100 3,560 58,164 SH   SOLE   58,164 0 0
Public Service Enterprise Grou COM 744573106 835 18,600 SH   SOLE   18,600 0 0
Qualcomm Inc. COM 747525103 5,935 87,724 SH   SOLE   87,724 0 0
Quest Diagnostics Inc COM 74834L100 871 10,850 SH   SOLE   10,850 0 0
Regions Financial Corp. COM 7591EP100 167 18,610 SH   SOLE   18,610 0 0
Repsol SA ADR COM 76026T205 96 10,600 SH   SOLE   10,600 0 0
Rexnord Corp COM 76169B102 2,850 125,710 SH   SOLE   125,710 0 0
RingCentral Inc COM 76680R206 9,889 46,667 SH   SOLE   46,667 0 0
Roche Holdings Ltd-Spons ADR COM 771195104 1,075 26,500 SH   SOLE   26,500 0 0
Roper Technologies, Inc COM 776696106 4,443 14,250 SH   SOLE   14,250 0 0
Royal Dutch Shell PLC ADR COM 780259206 871 24,950 SH   SOLE   24,950 0 0
Sabra Health Care REIT Inc COM 78573L106 122 11,201 SH   SOLE   11,201 0 0
Salesforce.com Inc COM 79466L302 9,116 63,314 SH   SOLE   63,314 0 0
Sanofi ADR COM 80105N105 1,556 35,600 SH   SOLE   35,600 0 0
Santos Ltd ADR COM 803021807 94 44,800 SH   SOLE   44,800 0 0
SAP SE COM 803054204 2,088 18,900 SH   SOLE   18,900 0 0
Schlumberger Ltd. COM 806857108 2,169 160,821 SH   SOLE   160,821 0 0
Schneider Electric SE ADR COM 80687P106 358 20,775 SH   SOLE   20,775 0 0
Seagate Technology COM G7945M107 449 9,200 SH   SOLE   9,200 0 0
Sealed Air Corp. COM 81211K100 1,753 70,950 SH   SOLE   70,950 0 0
Sensata Technologies Holding P COM g8060n102 320 11,075 SH   SOLE   11,075 0 0
Servicenow Inc COM 81762P102 8,217 28,671 SH   SOLE   28,671 0 0
SFL Corp Ltd COM g7738w106 174 18,400 SH   SOLE   18,400 0 0
Simon Property Group, Inc. COM 828806109 614 11,186 SH   SOLE   11,186 0 0
Singapore Telecom-SP ADR COM 82929R304 542 30,400 SH   SOLE   30,400 0 0
Splunk Inc COM 848637104 4,835 38,301 SH   SOLE   38,301 0 0
Starbucks Corp. COM 855244109 7,250 110,290 SH   SOLE   110,290 0 0
STMicroelect4ronics NV COM 861012102 751 35,150 SH   SOLE   35,150 0 0
Subsea 7 Sa ADR COM 864323100 113 23,900 SH   SOLE   23,900 0 0
Sun Hung Kai Prop Ltd COM 86676H302 327 24,775 SH   SOLE   24,775 0 0
Swisscom AG ADR COM 871013108 371 6,900 SH   SOLE   6,900 0 0
T Mobile US Inc COM 872590104 5,200 61,975 SH   SOLE   61,975 0 0
Taiwan Semiconductor Manufactu COM 874039100 2,498 52,271 SH   SOLE   52,271 0 0
Take-Two Interactive Software COM 874054109 4,036 34,030 SH   SOLE   34,030 0 0
Target Corp. COM 87612E106 8,490 91,315 SH   SOLE   91,315 0 0
TC Energy Corp COM 87807b107 603 13,605 SH   SOLE   13,605 0 0
TDK Corp. ADR COM 872351408 272 3,500 SH   SOLE   3,500 0 0
Telenor ASA ADR COM 87944W105 352 24,300 SH   SOLE   24,300 0 0
Tencent Holdings LTD-UNS ADR COM 88032Q109 649 13,225 SH   SOLE   13,225 0 0
Texas Instruments COM 882508104 3,203 32,057 SH   SOLE   32,057 0 0
The Travelers Companies, Inc. COM 89417E109 5,594 56,306 SH   SOLE   56,306 0 0
Thermo Fisher Scientific Inc COM 883556102 17,484 61,650 SH   SOLE   61,650 0 0
Thomson Reuters Corp COM 884903709 790 11,642 SH   SOLE   11,642 0 0
Tokio Marine Holdings Inc ADR COM 889094108 1,009 22,000 SH   SOLE   22,000 0 0
Total SA ADR COM 89151E109 1,154 31,000 SH   SOLE   31,000 0 0
Toyota Motor Corp. ADR COM 892331307 3,080 25,675 SH   SOLE   25,675 0 0
Tractor Supply Company COM 892356106 2,156 25,500 SH   SOLE   25,500 0 0
TRIP.COM Group LTD-ADR COM 89677Q107 263 11,200 SH   SOLE   11,200 0 0
Truist Financial Corp COM 89832Q109 2,649 85,890 SH   SOLE   85,890 0 0
Tupperware Brands Corp COM 899896104 25 15,300 SH   SOLE   15,300 0 0
U.S. Bancorp COM 902973304 5,520 160,242 SH   SOLE   160,242 0 0
Uber Technologies Inc COM 90353T100 3,577 128,115 SH   SOLE   128,115 0 0
UBS Group AG COM H42097107 251 27,120 SH   SOLE   27,120 0 0
Ulta Beauty Inc COM 90384S303 3,375 19,210 SH   SOLE   19,210 0 0
Unilever PLC ADR COM 904767704 1,716 33,940 SH   SOLE   33,940 0 0
Union Pacific COM 907818108 8,194 58,100 SH   SOLE   58,100 0 0
United Health Group Inc. COM 91324P102 20,586 82,550 SH   SOLE   82,550 0 0
United Parcel Services Cl B COM 911312106 5,663 60,620 SH   SOLE   60,620 0 0
United Technologies COM 913017109 10,664 113,050 SH   SOLE   113,050 0 0
Valero Energy Corp. COM 91913Y100 1,881 41,475 SH   SOLE   41,475 0 0
Verizon Communications Inc COM 92343V104 12,801 238,247 SH   SOLE   238,247 0 0
Vertex Pharmaceuticals Inc COM 92532F100 6,669 28,025 SH   SOLE   28,025 0 0
Visa Inc COM 92826C839 16,896 104,865 SH   SOLE   104,865 0 0
Vulcan Materials COM 929160109 2,611 24,160 SH   SOLE   24,160 0 0
Walgreens Boots Alliance Inc COM 931427108 4,223 92,305 SH   SOLE   92,305 0 0
Walmart Stores Inc COM 931142103 15,125 133,120 SH   SOLE   133,120 0 0
Walt Disney Co. COM 254687106 13,053 135,125 SH   SOLE   135,125 0 0
Weatherford International PL COM G48833118 441 73,565 SH   SOLE   73,565 0 0
Wells Fargo Co. COM 949746101 8,464 294,900 SH   SOLE   294,900 0 0
Welltower Inc COM 95040Q104 728 15,905 SH   SOLE   15,905 0 0
Western Digital COM 958102105 1,332 31,999 SH   SOLE   31,999 0 0
Westpac Banking Corp. Ltd ADR COM 961214301 1,409 137,500 SH   SOLE   137,500 0 0
Williams Cos. COM 969457100 410 29,000 SH   SOLE   29,000 0 0
WNS Holdings LTD COM 92932M101 4,950 115,175 SH   SOLE   115,175 0 0
Wright Medical Group NV COM N96617118 534 18,650 SH   SOLE   18,650 0 0
Yum China Holdings Inc COM 98850P109 679 15,925 SH   SOLE   15,925 0 0
Zoetis COM 98978V103 9,120 77,495 SH   SOLE   77,495 0 0
Tidewater Inc-wts COM 88642R133 260 7,643 SH   SOLE   7,643 0 0
Wisdomtree Emerging Markets Hi COM 97717W315 545 16,900 SH   SOLE   16,900 0 0
Bristol-Myers Squibb-Cvr COM 110122157 329 86,545 SH   SOLE   86,545 0 0