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 309,400 2,800 SH   SOLE   2,800 0 0
ABB LTD ADR 000375204 12,830 500 SH   SOLE   0 0 500
ABBOTT LABS COM 002824100 716,024 7,400 SH   SOLE   5,700 0 1,700
ABBVIE INC. COM 00287Y109 563,682 4,200 SH   SOLE   4,200 0 0
ABN AMRO BANK NV-CVA COM 00BYQP136 61,049 6,753 SH   SOLE   0 0 6,753
ACTIVISION BLIZZARD COM 00507V109 267,624 3,600 SH   SOLE   3,600 0 0
ADIDAS AG-SPONSORED ADR ADR 00687A107 22,964 400 SH   SOLE   0 0 400
ADMIRAL GROUP PLC COM 00B02J639 671,494 31,420 SH   SOLE   6,500 0 24,920
ADOBE SYS INC. COM 00724F101 247,680 900 SH   SOLE   900 0 0
ADVANCED MICRO DEV COM 007903107 647,349 10,217 SH   SOLE   6,500 0 3,717
AIA GROUP LTD COM 00B4TX8S1 688,693 82,600 SH   SOLE   18,300 0 64,300
AIA GROUP LTD-SP ADR ADR 001317205 43,004 1,300 SH   SOLE   0 0 1,300
AIR LIQUIDE ADR 009126202 15,904 700 SH   SOLE   0 0 700
AIR PROD & CHEM. COM 009158106 349,095 1,500 SH   SOLE   1,500 0 0
AKAMAI TECHNOLOGIES COM 00971T101 152,608 1,900 SH   SOLE   1,900 0 0
AKER BP ASA COM 00B1L95G3 1,187,864 41,409 SH   SOLE   9,179 0 32,230
AKZO N V ADR ADR 010199305 24,674 1,300 SH   SOLE   0 0 1,300
ALCON INC COM 00BJT1GR5 614,332 10,400 SH   SOLE   2,300 0 8,100
ALIBABA GROUP HOLDING-SP ADR ADR 01609W102 15,998 200 SH   SOLE   0 0 200
ALLEGHENY TECH. COM 01741R102 103,779 3,900 SH   SOLE   3,900 0 0
ALLIANZ SE - UNSP ADR ADR 018820100 86,214 5,523 SH   SOLE   0 0 5,523
ALLIANZ SE-REG COM 005231485 632,920 3,993 SH   SOLE   891 0 3,102
ALPHABET INC. CL A COM 02079K305 2,923,064 30,560 SH   SOLE   23,400 0 7,160
ALPHABET INC. CL C COM 02079K107 2,353,752 24,480 SH   SOLE   18,300 0 6,180
AMADEUS IT GROUP SA COM 00B3MSM28 180,184 3,839 SH   SOLE   0 0 3,839
AMADEUS IT GROUP-UNSP ADR ADR 02263T104 37,084 800 SH   SOLE   0 0 800
AMAZON COM COM 023135106 1,243,000 11,000 SH   SOLE   11,000 0 0
AMBEV SA-ADR ADR 02319V103 92,603 32,722 SH   SOLE   0 0 32,722
AMCOR LIMITED COM 006066608 830,218 77,600 SH   SOLE   17,200 0 60,400
AMCOR PLC COM G0250X107 52,577 4,900 SH   SOLE   0 0 4,900
AMER EXPRESS CO. COM 025816109 283,311 2,100 SH   SOLE   2,100 0 0
AMER. ELEC. PWR COM 025537101 691,600 8,000 SH   SOLE   5,500 0 2,500
AMEREN CORP. COM 023608102 708,840 8,800 SH   SOLE   6,000 0 2,800
AMERICAN TOWER CORP. COM 03027X100 594,719 2,770 SH   SOLE   1,870 0 900
AMGEN INC. COM 031162100 247,940 1,100 SH   SOLE   1,100 0 0
AMPHENOL CORP COM 032095101 314,712 4,700 SH   SOLE   4,700 0 0
ANALOG DEVICES INC. COM 032654105 922,291 6,619 SH   SOLE   4,200 0 2,419
ANGLO AMERICAN PLC COM 00B1XZS82 592,864 19,415 SH   SOLE   3,700 0 15,715
ANHEUSER-BUSCH INBEV NV COM 00BYYHL23 73,041 1,595 SH   SOLE   0 0 1,595
APA CORP COM 03743Q108 184,626 5,400 SH   SOLE   5,400 0 0
APOLLO GLOBAL MANAGEMENT COM 03769M106 1,120,929 24,106 SH   SOLE   15,500 0 8,606
APPLE INC. COM 037833100 3,710,117 26,846 SH   SOLE   22,300 0 4,546
APPLIED MATLS INC. COM 038222105 3,369,699 41,129 SH   SOLE   26,800 0 14,329
ARAMARK COM 03852U106 934,721 29,959 SH   SOLE   19,200 0 10,759
ARCHER DANIELS MID COM 039483102 144,810 1,800 SH   SOLE   1,800 0 0
ARISTOCRAT LEISURE LTD COM 006253983 1,018,080 48,100 SH   SOLE   10,600 0 37,500
ARKEMA COM 00B0Z5YZ2 558,996 7,600 SH   SOLE   1,700 0 5,900
ASHTEAD GROUP PLC COM 000053673 643,129 14,100 SH   SOLE   3,100 0 11,000
ASML HOLDING NV COM 00B929F46 1,471,849 3,465 SH   SOLE   765 0 2,700
ASSA ABLOY AB-B COM 00BYPC1T4 625,462 33,100 SH   SOLE   7,300 0 25,800
ASTELLAS PHARMA INC COM 006985383 1,004,993 75,883 SH   SOLE   15,000 0 60,883
ASTELLAS PHARMA INC-UNSP ADR ADR 04623U102 33,325 2,500 SH   SOLE   0 0 2,500
ASTRAZENECA PLC COM 000989529 765,933 6,900 SH   SOLE   1,500 0 5,400
ASTRAZENECA PLC ADR 046353108 65,808 1,200 SH   SOLE   0 0 1,200
AT&T INC. COM 00206R102 933,899 60,880 SH   SOLE   38,950 0 21,930
ATLAS COPCO AB-B SHS COM 00BLDBN52 687,422 81,800 SH   SOLE   18,100 0 63,700
ATOS SE COM 005654781 13,893 1,738 SH   SOLE   0 0 1,738
AUST & NZ BNKG ADR 052528304 67,251 4,544 SH   SOLE   0 0 4,544
AUTO DATA PROCESS COM 053015103 180,952 800 SH   SOLE   800 0 0
AUTOZONE INC COM 053332102 642,579 300 SH   SOLE   300 0 0
AVANTOR INC. COM 05352A100 572,536 29,211 SH   SOLE   18,700 0 10,511
AVIVA PLC COM 00BPQY8M8 678,622 156,600 SH   SOLE   34,600 0 122,000
AXA -SPONS ADR ADR 054536107 43,560 2,000 SH   SOLE   0 0 2,000
AXA SA COM 007088429 71,205 3,234 SH   SOLE   0 0 3,234
BAE SYS PLC ADR 05523R107 101,688 2,900 SH   SOLE   0 0 2,900
BAE SYSTEMS PLC COM 000263494 864,902 98,100 SH   SOLE   21,700 0 76,400
BANCO BILBAO VIZCAYA-SP ADR 0 05946K101 18,690 4,200 SH   SOLE   0 0 4,200
BANK LEUMI LE-ISRAEL COM 006076425 92,237 10,715 SH   SOLE   0 0 10,715
BANK OF AMERICA COM 060505104 3,576,435 118,425 SH   SOLE   82,850 0 35,575
BARCLAYS PLC ADR 06738E204 17,920 2,800 SH   SOLE   0 0 2,800
BASF SE-SPON ADR ADR 055262505 45,725 4,763 SH   SOLE   0 0 4,763
BAXTER INTL INC. COM 071813109 390,485 7,250 SH   SOLE   4,950 0 2,300
BAYER A G ADR 072730302 56,644 4,900 SH   SOLE   0 0 4,900
BAYER AG-REG COM 005069211 633,533 13,639 SH   SOLE   3,003 0 10,636
BAYERISCHE MOTOREN-SP ADR ADR 072743305 81,803 3,614 SH   SOLE   0 0 3,614
BEAZER HOMES USA COM 07556Q881 35,586 3,680 SH   SOLE   3,680 0 0
BECTON DICKINSON & CO COM 075887109 1,145,123 5,139 SH   SOLE   4,780 0 359
BERKSHIRE HATH. B COM 084670702 2,673,938 10,014 SH   SOLE   7,200 0 2,814
BHP GROUP LTD COM 006144690 738,040 29,800 SH   SOLE   6,600 0 23,200
BIOGEN IDEC INC COM 09062X103 1,816,935 6,805 SH   SOLE   4,300 0 2,505
BJS WHOLESALE CLUB COM 05550J101 1,077,588 14,800 SH   SOLE   10,100 0 4,700
BLACKROCK INC. COM 09247X101 1,863,798 3,387 SH   SOLE   2,400 0 987
BNP PARIBAS COM 007309681 714,324 16,722 SH   SOLE   3,369 0 13,353
BNP PARIBAS ADR 05565A202 44,352 2,100 SH   SOLE   0 0 2,100
BOC HONG KONG HLDS-SPONS ADR ADR 096813209 19,929 300 SH   SOLE   0 0 300
BOEING CO. COM 097023105 920,208 7,600 SH   SOLE   4,820 0 2,780
BOOKING HOLDINGS INC. COM 09857L108 246,481 150 SH   SOLE   150 0 0
BP AMOCO PLC ADR 055622104 102,780 3,600 SH   SOLE   0 0 3,600
BP PLC COM 000798059 140,076 28,973 SH   SOLE   0 0 28,973
BRISTOL MYERS SQUIBB COM 110122108 3,913,362 55,048 SH   SOLE   35,640 0 19,408
BRITISH AMERN TOB PLC 0 110448107 936,383 26,377 SH   SOLE   4,700 0 21,677
BROADCOM INC. COM 11135F101 710,416 1,600 SH   SOLE   1,600 0 0
BROADRIGDE FINANCIAL COM 11133T103 490,688 3,400 SH   SOLE   3,400 0 0
BROWN & BROWN INC COM 115236101 284,256 4,700 SH   SOLE   4,700 0 0
BURBERRY GROUP PLC COM 003174300 787,125 39,000 SH   SOLE   8,600 0 30,400
CAP GEMINI COM 004163437 1,021,432 6,300 SH   SOLE   1,400 0 4,900
CARLISLE COS. COM 142339100 1,682,180 5,999 SH   SOLE   3,800 0 2,199
CARMAX GROUP COM 143130102 508,024 7,695 SH   SOLE   4,900 0 2,795
CATERPILLAR TRACTOR COM 149123101 98,448 600 SH   SOLE   600 0 0
CBOE HOLDINGS INC COM 12503M108 293,425 2,500 SH   SOLE   2,500 0 0
CDW CORP/DE COM 12514G108 249,728 1,600 SH   SOLE   1,600 0 0
CELANESE CORP COM 150870103 561,463 6,215 SH   SOLE   3,900 0 2,315
CF INDUSTRIES HLDGS COM 125269100 173,250 1,800 SH   SOLE   1,800 0 0
CHARLES RIV LABS INTL. COM 159864107 546,317 2,776 SH   SOLE   1,800 0 976
CHARTER PLC COM 16119P108 303,350 1,000 SH   SOLE   700 0 300
CHECK POINT SOFTWARE COM 0M2246510 22,404 200 SH   SOLE   0 0 200
CHEUNG KONG PROPERTY HDG COM 00BYZQ077 800,907 133,200 SH   SOLE   29,500 0 103,700
CHEVRON CORP COM 166764100 2,726,569 18,978 SH   SOLE   13,343 0 5,635
CHOCOLADEFABRIKEN LINDT-PC COM 005962280 971,298 100 SH   SOLE   0 0 100
CHUBU ELECTRIC POWER CO. COM 006195609 69,432 7,707 SH   SOLE   0 0 7,707
CHUGAI PHARMACEUTICAL CO LTD COM 006196408 701,427 28,000 SH   SOLE   6,000 0 22,000
CIE FINANCIERE RICH-UNSP ADR ADR 204319107 78,732 8,407 SH   SOLE   0 0 8,407
CIGNA CORP. COM 125523100 2,934,245 10,575 SH   SOLE   6,750 0 3,825
CINTAS CORP COM 172908105 232,914 600 SH   SOLE   600 0 0
CISCO SYSTEMS COM 17275R102 232,000 5,800 SH   SOLE   5,800 0 0
CITIZENS FINANCIAL GROUP COM 174610105 1,076,464 31,329 SH   SOLE   20,130 0 11,199
CITRIX SYS INC. COM 177376100 187,020 1,800 SH   SOLE   1,800 0 0
CK HUTCHISON HOLDIN-UNSP ADR ADR 12562Y100 24,660 4,500 SH   SOLE   0 0 4,500
CLP HOLDINGS LTD COM 006097017 72,136 9,541 SH   SOLE   0 0 9,541
CLP HOLDINGS LTD-SPONS ADR ADR 18946Q101 18,950 2,500 SH   SOLE   0 0 2,500
CME GROUP COM 12572Q105 177,130 1,000 SH   SOLE   1,000 0 0
COCA COLA COMPANY COM 191216100 980,350 17,500 SH   SOLE   13,200 0 4,300
COCA-COLA FEMSA SAB-SP ADR ADR 191241108 23,356 400 SH   SOLE   0 0 400
COMCAST CORP-Cl A COM 20030N101 343,161 11,700 SH   SOLE   11,700 0 0
COMMERZBANK AG COM 00B90LKT4 98,075 13,782 SH   SOLE   0 0 13,782
COMPAGNIE DE SAINT GOBAIN COM 007380482 540,811 14,900 SH   SOLE   3,300 0 11,600
COMPASS GROUP PLC COM 00BD6K457 779,774 38,700 SH   SOLE   8,600 0 30,100
COMPASS GROUP PLC-SPON ADR ADR 20449X401 21,747 1,100 SH   SOLE   0 0 1,100
COMPASS MINERALS INTL COM 20451N101 923,025 23,956 SH   SOLE   15,300 0 8,656
CONOCOPHILLIPS COM 20825C104 562,870 5,500 SH   SOLE   5,500 0 0
CONSTELLATION ENERGY COM 21037T109 569,768 6,849 SH   SOLE   4,365 0 2,484
CONTINENTAL AG ADR 210771200 13,671 3,100 SH   SOLE   0 0 3,100
CORTEVA INC. COM 22052L104 182,880 3,200 SH   SOLE   3,200 0 0
COSTCO WHOLESALE COM 22160K105 3,060,782 6,481 SH   SOLE   4,900 0 1,581
CREDIT AGRICOLE SA COM 007262610 53,989 6,589 SH   SOLE   0 0 6,589
CREDIT SUISSE GP ADR 225401108 48,937 12,484 SH   SOLE   0 0 12,484
CRODA INTERNATIONAL PLC COM 00BJFFLV0 662,001 9,200 SH   SOLE   2,000 0 7,200
CROWDSTRIKE HOLDINGS INC. COM 22788C105 296,658 1,800 SH   SOLE   1,800 0 0
CROWN CASTLE INTL COM 22822V101 462,560 3,200 SH   SOLE   3,200 0 0
CSL LTD COM 006185495 824,641 4,500 SH   SOLE   1,000 0 3,500
D R HORTON INC. COM 23331A109 585,945 8,700 SH   SOLE   6,000 0 2,700
DAI-ICHI LIFE HOLDINGS COM 00B601QS4 65,635 4,145 SH   SOLE   0 0 4,145
DAIKIN INDUSTRIES-UNSPON ADR ADR 23381B106 26,027 1,700 SH   SOLE   0 0 1,700
DANAHER CORP COM 235851102 1,007,331 3,900 SH   SOLE   3,200 0 700
DANONE-SPONS ADR ADR 23636T100 22,596 2,400 SH   SOLE   0 0 2,400
DBS GP HLDGS-SPON ADR ADR 23304Y100 27,784 300 SH   SOLE   0 0 300
DBS GROUP HOLDINGS LTD COM 006175203 854,006 36,700 SH   SOLE   8,100 0 28,600
DENSO CORP COM 006640381 637,010 14,000 SH   SOLE   3,000 0 11,000
DEUTSCHE BOERSE AG COM 007021963 931,597 5,652 SH   SOLE   1,100 0 4,552
DEUTSCHE BOERSE AG-UNSPN ADR ADR 251542106 19,596 1,200 SH   SOLE   0 0 1,200
DEUTSCHE POST AG ADR 25157Y202 9,018 300 SH   SOLE   0 0 300
DEUTSCHE TELEKOM AG-REG COM 005842359 2,499,822 145,881 SH   SOLE   31,300 0 114,581
DEVON ENERGY (NEW) COM 25179M103 9,412,149 156,530 SH   SOLE   101,500 0 55,030
DEXCOM INC COM 252131107 644,642 8,004 SH   SOLE   5,100 0 2,904
DIAGEO PLC COM 000237400 1,225,113 28,900 SH   SOLE   6,400 0 22,500
DIAGEO PLC ADR 25243Q205 33,962 200 SH   SOLE   0 0 200
DISCOVER FINCL SERVICES COM 254709108 1,191,870 13,109 SH   SOLE   8,370 0 4,739
DNB ASA COM 004263304 507,578 32,000 SH   SOLE   0 0 32,000
DOLLAR GEN CORP COM 256677105 311,818 1,300 SH   SOLE   1,300 0 0
DOMINION RESOURCES COM 25746U109 628,901 9,100 SH   SOLE   6,200 0 2,900
DREAM FINDERS HOMES INC. COM 26154D100 113,420 10,700 SH   SOLE   10,700 0 0
DROPBOX INC. CL A COM 26210C104 232,064 11,200 SH   SOLE   11,200 0 0
DSV A/S COM 00B1WT5G2 531,232 4,500 SH   SOLE   1,000 0 3,500
DUPONT DE NEMOURS COM 26614N102 973,526 19,316 SH   SOLE   12,300 0 7,016
E.ON SE COM 004942904 55,632 7,273 SH   SOLE   0 0 7,273
EASTMAN CHEM CO COM 277432100 834,766 11,749 SH   SOLE   8,300 0 3,449
ECOLAB INC COM 278865100 144,420 1,000 SH   SOLE   1,000 0 0
EDWARDS LIFESCIENCES COM 28176E108 256,153 3,100 SH   SOLE   3,100 0 0
ELECTRONIC ARTS INC COM 285512109 185,136 1,600 SH   SOLE   1,600 0 0
EMBECTA CORP. COM 29082K105 22,658 787 SH   SOLE   716 0 71
EMERSON ELEC CO. COM 291011104 904,853 12,358 SH   SOLE   11,100 0 1,258
ENEL SPA COM 007144569 559,877 135,300 SH   SOLE   29,900 0 105,400
ENEL SPA - UNSPON ADR ADR 29265W207 19,082 4,700 SH   SOLE   0 0 4,700
ENI S P A ADR 26874R108 14,798 700 SH   SOLE   0 0 700
ENI SPA COM 007145056 71,449 6,685 SH   SOLE   0 0 6,685
EOG RESOURCES INC. COM 26875P101 212,287 1,900 SH   SOLE   1,900 0 0
EQT CORP COM 26884L109 171,150 4,200 SH   SOLE   4,200 0 0
EQUINIX INC COM 29444U700 1,966,480 3,457 SH   SOLE   2,360 0 1,097
EQUINOR ASA COM 007133608 75,581 2,300 SH   SOLE   500 0 1,800
ERSTE GROUP BANK AG COM 005289837 512,341 23,100 SH   SOLE   5,100 0 18,000
ESSENTIAL UTILITIES INC COM 29670G102 153,106 3,700 SH   SOLE   3,700 0 0
ESSILORLUXOTTICA COM 007212477 673,720 4,900 SH   SOLE   1,100 0 3,800
EXELON CORP. COM 30161N101 773,736 20,655 SH   SOLE   13,200 0 7,455
EXPEDITORS INT'L COM 302130109 158,958 1,800 SH   SOLE   1,800 0 0
EXXON MOBIL CORP. COM 30231G102 4,544,660 52,052 SH   SOLE   35,200 0 16,852
FANUC CORP-UNSP ADR ADR 307305102 21,000 1,500 SH   SOLE   0 0 1,500
FAURECIA COM 004400446 21,035 1,912 SH   SOLE   0 0 1,912
FIDELITY NAT'L INFO SVCS COM 31620M106 874,118 11,567 SH   SOLE   7,400 0 4,167
FIFTH THIRD BANCORP COM 316773100 1,073,345 33,584 SH   SOLE   21,660 0 11,924
FINECOBANK SPA COM 00BNGN9Z1 703,637 56,400 SH   SOLE   12,500 0 43,900
FIRST REPUBLIC BANK/CA COM 33616C100 313,320 2,400 SH   SOLE   2,400 0 0
FRESENIUS MEDICAL CARE ADR 358029106 8,424 600 SH   SOLE   0 0 600
FRESENIUS MEDICAL CARE AG & COM 005129074 35,660 1,267 SH   SOLE   0 0 1,267
FRPT MCMORAN CPR COM 35671D857 194,043 7,100 SH   SOLE   7,100 0 0
FUJI ELECTRIC CO LTD COM 006356365 657,847 18,000 SH   SOLE   4,000 0 14,000
FUJITSU LTD COM 006356945 763,377 7,000 SH   SOLE   2,000 0 5,000
FUJITSU LTD - UNSPON ADR ADR 359590304 15,463 700 SH   SOLE   0 0 700
GALP ENERGIA SGPS-UNSPON ADR ADR 364097105 14,632 3,100 SH   SOLE   0 0 3,100
GENERAL DYNAMICS COM 369550108 2,833,743 13,356 SH   SOLE   8,600 0 4,756
GENERAL ELECTRIC CO. COM 369604301 854,110 13,796 SH   SOLE   11,312 0 2,484
GLAXOSMITHKLINE PLC ADR 37733W105 29,430 1,000 SH   SOLE   0 0 1,000
GLENCORE PLC -UNSP ADR ADR 37827X100 27,248 2,600 SH   SOLE   0 0 2,600
GOLD FIELDS LTD ADR 38059T106 94,176 11,641 SH   SOLE   0 0 11,641
GOLDMAN SACHS GROUP COM 38141G104 2,110,546 7,202 SH   SOLE   4,600 0 2,602
GROUPE BRUXELLES LAMBERT SA COM 007097328 626,713 8,900 SH   SOLE   2,000 0 6,900
GROUPE BRUXELLES LAMBERT SA BX COM 00BHZLGZ3 737,337 10,711 SH   SOLE   2,965 0 7,746
GRUPO FINANCIERO BANORTE-O COM 002421041 171,719 26,700 SH   SOLE   6,000 0 20,700
GSK PLC COM 00BN7SWP6 677,889 46,505 SH   SOLE   8,738 0 37,767
HALEON PLC COM 00BMX86B7 181,213 58,132 SH   SOLE   10,923 0 47,209
HANG SENG BANK LTD COM 006408374 741,023 48,800 SH   SOLE   10,800 0 38,000
HDFC BANK LTD ADR 40415F101 29,210 500 SH   SOLE   0 0 500
HENKEL KGAA-SPONS ADR PFD ADR 42550U208 412,094 27,863 SH   SOLE   6,198 0 21,665
HENRY JACK & ASSOC COM 426281101 182,270 1,000 SH   SOLE   1,000 0 0
HITACHI LIMITED ADR 433578507 117,806 1,384 SH   SOLE   0 0 1,384
HOME DEPOT INC. COM 437076102 907,843 3,290 SH   SOLE   2,590 0 700
HONDA MOTOR ADR 438128308 23,749 1,100 SH   SOLE   0 0 1,100
HONDA MOTOR CO COM 006435145 86,885 4,009 SH   SOLE   0 0 4,009
HONEYWELL INT'L COM 438516106 326,760 1,957 SH   SOLE   1,600 0 357
HONG KONG EXCHANGES & CLEAR COM 006267359 686,166 19,979 SH   SOLE   4,100 0 15,879
HOYA CORP COM 006441506 767,142 8,000 SH   SOLE   2,000 0 6,000
HSBC HOLDINGS PLC COM 000540528 693,743 132,991 SH   SOLE   29,441 0 103,550
IBERDROLA SA COM 00B288C92 943,347 100,495 SH   SOLE   22,695 0 77,800
IMERYS SA COM 00B011GL4 63,412 2,084 SH   SOLE   0 0 2,084
IMPERIAL BRANDS PLC COM 000454492 91,671 4,427 SH   SOLE   0 0 4,427
IMPERIAL BRANDS PLC-SPON ADR ADR 45262P102 24,984 1,200 SH   SOLE   0 0 1,200
INFINEON TECHNOLOGIES AG COM 005889505 568,833 25,568 SH   SOLE   5,668 0 19,900
ING GROEP ADR ADR 456837103 26,350 3,100 SH   SOLE   0 0 3,100
ING GROEP NV-CVA COM 00BZ57390 807,724 93,080 SH   SOLE   19,209 0 73,871
INPEX CORP. COM 00B10RB15 105,804 11,269 SH   SOLE   0 0 11,269
INTEL CORP. COM 458140100 1,256,339 48,752 SH   SOLE   31,200 0 17,552
INTERCONTINENTALEXCH COM 45866F104 1,032,791 11,431 SH   SOLE   8,500 0 2,931
IQVIA HOLDINGS INC. COM 46266C105 1,068,364 5,898 SH   SOLE   3,700 0 2,198
ITOCHU CORP COM 006467803 873,091 36,097 SH   SOLE   7,000 0 29,097
ITOCHU CORP ADR 465717106 24,195 500 SH   SOLE   0 0 500
JAPAN POST BANK CO LTD COM 00BYT8165 73,452 10,537 SH   SOLE   0 0 10,537
JARDINE MATHESON HD ADR ADR 471115402 102,293 2,020 SH   SOLE   446 0 1,574
JM SMUCKER CO COM 832696405 247,338 1,800 SH   SOLE   1,800 0 0
JOHNSON & JOHNSON COM 478160104 1,429,400 8,750 SH   SOLE   7,250 0 1,500
JPMORGAN CHASE & CO COM 46625H100 4,523,909 43,291 SH   SOLE   30,150 0 13,141
KAKAKU.COM INC COM 006689533 663,360 39,000 SH   SOLE   9,000 0 30,000
KB FINANCIAL GROUP ADR 48241A105 12,056 400 SH   SOLE   0 0 400
KBC GROEP NV COM 004497749 648,309 13,600 SH   SOLE   3,000 0 10,600
KDDI CORP-UNSPONSORED ADR ADR 48667L106 903,041 61,599 SH   SOLE   11,379 0 50,220
KELLOGG CO COM 487836108 1,645,160 23,617 SH   SOLE   15,110 0 8,507
KERING COM 005505072 628,906 1,400 SH   SOLE   300 0 1,100
KEURIG DR PEPPER INC. COM 49271V100 838,188 23,400 SH   SOLE   16,000 0 7,400
KEYENCE CORP COM 006490995 992,780 3,000 SH   SOLE   1,000 0 2,000
KIRIN HOLDINGS CO LTD COM 006493745 923,141 60,000 SH   SOLE   13,000 0 47,000
KKR & CO. COM 48251W104 688,172 16,004 SH   SOLE   14,500 0 1,504
KNORR-BREMSE AG COM 00BD2P9X9 517,375 11,900 SH   SOLE   2,600 0 9,300
KONINKLIJKE AHOLD DELHAIZE N COM 00BD0Q398 791,137 30,900 SH   SOLE   6,800 0 24,100
KONINKLIJKE DSM NV-SPONS ADR ADR 780249108 19,880 700 SH   SOLE   0 0 700
KONINKLIJKE KPN NV COM 005956078 741,627 273,100 SH   SOLE   60,400 0 212,700
KONINKLIJKE PHILIPS ELEC ADR 500472303 13,851 900 SH   SOLE   0 0 900
KUBOTA CORP-SPONS ADR ADR 501173207 27,840 400 SH   SOLE   0 0 400
KUEHNE & NAGEL INTL AG-REG COM 00B142S60 656,744 3,200 SH   SOLE   700 0 2,500
L3HARRIS TECHNOLOGIES INC COM 502431109 145,481 700 SH   SOLE   700 0 0
LABORATORY AMER H COM 50540R409 1,679,647 8,201 SH   SOLE   5,600 0 2,601
LANXESS AG COM 00B05M8B7 38,347 1,326 SH   SOLE   0 0 1,326
LAUDER ESTEE COS. COM 518439104 323,850 1,500 SH   SOLE   1,500 0 0
LAWSON INC. COM 006266914 61,532 1,879 SH   SOLE   0 0 1,879
LEAR CORP. COM 521865204 760,869 6,357 SH   SOLE   4,050 0 2,307
LEGAL & GENERAL GROUP PLC COM 000560399 667,217 276,076 SH   SOLE   55,800 0 220,276
LEGRAND SA COM 00B11ZRK9 626,913 9,600 SH   SOLE   2,100 0 7,500
LINDE PLC COM G5494J103 133,986 497 SH   SOLE   0 0 497
LIVE NATION INC COM 538034109 1,322,564 17,393 SH   SOLE   11,200 0 6,193
LOCKHEED MARTIN COM 539830109 193,145 500 SH   SOLE   500 0 0
LONDON STOCK EXCHG ADR ADR 54211N101 16,800 800 SH   SOLE   0 0 800
LONZA GROUP AG-REG COM 007333378 889,347 1,800 SH   SOLE   400 0 1,400
LOWES COS INC. COM 548661107 2,286,211 12,173 SH   SOLE   7,800 0 4,373
LVMH MOET HENNESSY LOU ADR 502441306 47,000 400 SH   SOLE   0 0 400
LVMH MOET HENNESSY LOUIS VUI COM 004061412 777,372 1,300 SH   SOLE   300 0 1,000
M&G PLC COM 00BKFB1C6 60,708 32,643 SH   SOLE   0 0 32,643
MACQUARIE GROUP LTD COM 00B28YTC2 648,639 6,605 SH   SOLE   1,300 0 5,305
MACQUARIE GROUP LTD-ADR ADR 55607P204 30,090 300 SH   SOLE   0 0 300
MARKEL CORP. COM 570535104 216,844 200 SH   SOLE   200 0 0
MARSH & MCLENNON COM 571748102 223,935 1,500 SH   SOLE   1,500 0 0
MASTERCARD INC. COM 57636Q104 909,604 3,199 SH   SOLE   2,985 0 214
MCDONALDS CORP. COM 580135101 1,968,904 8,533 SH   SOLE   5,490 0 3,043
MCKESSON CORP COM 58155Q103 169,935 500 SH   SOLE   500 0 0
MERCK & CO. INC. COM 58933Y105 3,185,407 36,988 SH   SOLE   23,800 0 13,188
MERCK KGAA COM 004741844 735,325 4,500 SH   SOLE   1,000 0 3,500
META PLATFORMS INC CL A COM 30303M102 1,289,096 9,501 SH   SOLE   6,650 0 2,851
METLIFE INC COM 59156R108 145,872 2,400 SH   SOLE   2,400 0 0
METSO OUTOTEC OYJ COM 00B1FN8X9 689,782 102,700 SH   SOLE   22,700 0 80,000
MICHELIN (CGDE) COM 00BPBPJ01 616,999 27,200 SH   SOLE   6,000 0 21,200
MICROCHIP TECH COM 595017104 286,841 4,700 SH   SOLE   4,700 0 0
MID-AMER APART CMNTY COM 59522J103 930,110 5,998 SH   SOLE   3,800 0 2,198
MITSUBISHI CORP COM 006596785 907,888 33,118 SH   SOLE   7,000 0 26,118
MITSUBISHI ELECTRIC CORP COM 006597045 693,955 77,000 SH   SOLE   17,000 0 60,000
MITSUBISHI UFJ FINCL GP COM 006335171 69,964 15,544 SH   SOLE   0 0 15,544
MITSUBISHI UFJ FINL-SPON ADR ADR 606822104 26,550 5,900 SH   SOLE   0 0 5,900
MIZUHO FINANCIAL GROUP COM 006591014 69,076 6,399 SH   SOLE   0 0 6,399
MONDELEZ INTERNATIONAL CL A COM 609207105 2,369,533 43,216 SH   SOLE   27,500 0 15,716
MOSAIC CO. COM 61945C103 149,823 3,100 SH   SOLE   3,100 0 0
MUENCHENER RUECK-UNSPON ADR ADR 626188106 78,229 3,246 SH   SOLE   0 0 3,246
MURATA MANUFACTUR-UNSPON ADR ADR 626425102 18,384 1,600 SH   SOLE   0 0 1,600
NATIONAL GRID PLC COM 00BDR05C0 700,253 67,379 SH   SOLE   12,600 0 54,779
NATIONAL GRID PLC ADR 636274409 70,390 1,366 SH   SOLE   0 0 1,366
NESTLE S A ADR 641069406 2,168,341 20,150 SH   SOLE   3,900 0 16,250
NETFLIX COM INC COM 64110L106 306,072 1,300 SH   SOLE   900 0 400
NEXSTAR MEDIA GROUP INC-CL A COM 65336K103 250,275 1,500 SH   SOLE   1,500 0 0
NEXT PLC COM 003208986 600,248 11,200 SH   SOLE   2,500 0 8,700
NEXTERA ENERGY INC COM 65339F101 454,778 5,800 SH   SOLE   5,800 0 0
NIKE INC B COM 654106103 924,211 11,119 SH   SOLE   7,900 0 3,219
NINTENDO CO LTD-UNSPONS ADR ADR 654445303 20,388 400 SH   SOLE   0 0 400
NIPPON TELEGRAPH & TELE-ADR ADR 654624105 16,260 600 SH   SOLE   0 0 600
NIPPON TELEGRAPH & TELEPHONE COM 006641373 969,558 35,929 SH   SOLE   7,000 0 28,929
NISSAN MOTOR CO LTD COM 006642860 58,052 18,259 SH   SOLE   0 0 18,259
NN GROUP NV COM 00BNG8PQ9 689,156 17,600 SH   SOLE   3,900 0 13,700
NORDEA BANK ABP COM 00BYZF9J9 718,118 83,300 SH   SOLE   18,400 0 64,900
NORDSON CORP COM 655663102 148,589 700 SH   SOLE   700 0 0
NORDSTROM INC. COM 655664100 2,179,200 130,257 SH   SOLE   83,000 0 47,257
NORSK HYDRO ASA COM 00B11HK39 556,157 103,001 SH   SOLE   20,200 0 82,801
NORTHROP GRUMMAN COM 666807102 1,081,736 2,300 SH   SOLE   1,600 0 700
NOV INC. COM 62955J103 2,531,151 156,437 SH   SOLE   100,300 0 56,137
NOVARTIS A G ADR 66987V109 320,230 4,213 SH   SOLE   0 0 4,213
NOVARTIS AG-REG COM 007103065 1,105,036 14,400 SH   SOLE   3,200 0 11,200
NOVO-NORDISK A S ADR 670100205 69,741 700 SH   SOLE   0 0 700
NVIDIA CORP COM 67066G104 946,478 7,797 SH   SOLE   5,800 0 1,997
NXP SEMICONDUCTORS NV COM N6596X109 14,751 100 SH   SOLE   0 0 100
O'REILLY AUTO COM 67103H107 351,675 500 SH   SOLE   500 0 0
OCCIDENTAL PETRO. WTS COM 674599162 117,592 2,968 SH   SOLE   2,156 0 812
OLIN CORP COM 680665205 98,624 2,300 SH   SOLE   2,300 0 0
OMV AG COM 004651459 655,310 17,900 SH   SOLE   4,000 0 13,900
ORACLE CORP JAPAN COM 006141680 744,758 14,000 SH   SOLE   3,000 0 11,000
ORACLE SYSTEMS COM 68389X105 207,638 3,400 SH   SOLE   3,400 0 0
ORANGE S.A. ADR 684060106 80,299 8,932 SH   SOLE   0 0 8,932
ORGANON & CO. COM 234474243 81,432 3,480 SH   SOLE   2,380 0 1,100
ORIX - SPON ADR ADR 686330101 21,201 300 SH   SOLE   0 0 300
ORRON ENERGY AB COM 007187627 36,359 20,200 SH   SOLE   4,500 0 15,700
OTSUKA HOLDINGS CO LTD COM 00B5LTM93 981,754 31,000 SH   SOLE   7,000 0 24,000
OVERSEA-CHINESE BANKING CORP COM 00B0F9V20 845,883 102,600 SH   SOLE   22,700 0 79,900
PAR TECHNOLOGY COM 69370C100 251,040 2,400 SH   SOLE   2,400 0 0
PARAMOUNT GLOBAL-CLASS B COM 92556H206 724,472 38,050 SH   SOLE   24,350 0 13,700
PAYCHEX INC. COM 704326107 970,280 8,647 SH   SOLE   5,500 0 3,147
PAYPAL HOLDINGS INC COM 70450Y103 527,953 6,134 SH   SOLE   4,650 0 1,484
PENN ENTERTAINMENT INC. COM 707569109 388,854 14,135 SH   SOLE   9,000 0 5,135
PEPSICO INC. COM 713448108 1,291,550 7,911 SH   SOLE   5,570 0 2,341
PERKINELMER INC. COM 714046109 228,627 1,900 SH   SOLE   1,900 0 0
PERNOD RICARD SA COM 004682329 758,528 4,100 SH   SOLE   900 0 3,200
PFIZER INC. COM 717081103 2,161,000 49,383 SH   SOLE   31,500 0 17,883
PIONEER NAT RES CO COM 723787107 3,027,306 13,981 SH   SOLE   9,000 0 4,981
PLAINS ALL AMER PIPELINE LP COM 726503105 2,670,102 253,812 SH   SOLE   163,300 0 90,512
POSCO-ADR ADR 693483109 14,644 400 SH   SOLE   0 0 400
PPG INDUSTRIES COM 693506107 560,091 5,060 SH   SOLE   3,460 0 1,600
PROCTOR & GAMBLE COM 742718109 3,294,241 26,093 SH   SOLE   16,700 0 9,393
PROGRESSIVE CORP. COM 743315103 778,607 6,700 SH   SOLE   4,600 0 2,100
PROLOGIS TR COM 74340W103 1,838,554 18,096 SH   SOLE   11,550 0 6,546
PRUDENTIAL PLC COM 000709954 546,766 54,800 SH   SOLE   12,100 0 42,700
PRUDENTIAL PLC-ADR ADR 74435K204 37,848 1,900 SH   SOLE   0 0 1,900
PUBLICIS GROUPE-ADR ADR 74463M106 10,620 900 SH   SOLE   0 0 900
QUALYS INC COM 74758T303 223,024 1,600 SH   SOLE   1,600 0 0
QUANTA SVCS INC COM 74762E102 165,607 1,300 SH   SOLE   1,300 0 0
RAYTHEON TECHNOLOGIES CORP COM 75513E101 2,399,562 29,313 SH   SOLE   19,500 0 9,813
RECKITT BENCKISER-SPON ADR ADR 756255204 114,772 8,636 SH   SOLE   0 0 8,636
RECRUIT HOLDINGS CO LTD COM 00BQRRZ00 546,195 19,000 SH   SOLE   4,000 0 15,000
RED ELECTRICA CORPORACION SA COM 00BD6FXN3 77,475 5,034 SH   SOLE   100 0 4,934
REGENERON PHARM. COM 75886F107 895,531 1,300 SH   SOLE   1,000 0 300
RENAULT SA COM 004712798 68,118 2,486 SH   SOLE   0 0 2,486
REPUBLIC SVCS COM 760759100 1,498,072 11,012 SH   SOLE   7,600 0 3,412
RIO TINTO PLC ADR 767204100 605,660 11,000 SH   SOLE   2,400 0 8,600
ROCHE HOLDING AG-GENUSSCHEIN COM 007110388 3,121,617 9,499 SH   SOLE   2,086 0 7,413
ROCHE HOLDINGS ADR 771195104 237,911 5,857 SH   SOLE   0 0 5,857
ROPER INDS INC. COM 776696106 359,640 1,000 SH   SOLE   1,000 0 0
ROSS STORES INC COM 778296103 193,821 2,300 SH   SOLE   2,300 0 0
ROYAL UNIBREW COM 00BX8ZX20 612,928 9,400 SH   SOLE   2,100 0 7,300
RWE AKTIENGESELLSCHAF-SP ADR 0 74975E303 18,340 500 SH   SOLE   0 0 500
RYANAIR HLDGS PLC ADR 783513104 23,368 400 SH   SOLE   0 0 400
S&P GLOBAL INC. COM 78409V104 305,350 1,000 SH   SOLE   1,000 0 0
SALESFORCE COM INC COM 79466L302 1,028,456 7,150 SH   SOLE   4,600 0 2,550
SAMPO OYJ-A SHS COM 005226038 763,077 17,800 SH   SOLE   3,900 0 13,900
SANOFI AVENTIS ADR 80105N105 987,608 25,976 SH   SOLE   4,100 0 21,876
SAP AG COM 004846288 53,744 662 SH   SOLE   0 0 662
SAP AG - SPONSORED ADR ADR 803054204 40,625 500 SH   SOLE   0 0 500
SCHINDLER HDG-PART CERT COM 00B11TCY0 57,665 367 SH   SOLE   0 0 367
SCHNEIDER ELECTRIC SA ADR 80687P106 96,502 4,289 SH   SOLE   0 0 4,289
SERVICE CORP INT'L COM 817565104 225,186 3,900 SH   SOLE   3,900 0 0
SEVEN & I HLDGS-UNSPN ADR ADR 81783H105 809,134 39,977 SH   SOLE   8,806 0 31,171
SHELL PLC COM 00BP6MXD8 2,444,496 97,477 SH   SOLE   12,500 0 84,977
SHELL PLC-ADR ADR 780259305 58,120 1,168 SH   SOLE   0 0 1,168
SHERWIN WILLIAMS COM 824348106 737,100 3,600 SH   SOLE   2,700 0 900
SHIN-ETSU CHEM-UNSPON ADR ADR 824551105 12,362 500 SH   SOLE   0 0 500
SHIONOGI & CO LTD COM 006804682 724,274 15,000 SH   SOLE   3,000 0 12,000
SIEMENS AG-SP ADR ADR 826197501 78,467 1,603 SH   SOLE   0 0 1,603
SIKA AG-REG COM 00BF2DSG3 570,953 2,800 SH   SOLE   600 0 2,200
SIMON PPTY GP COM 828806109 2,427,289 27,045 SH   SOLE   17,310 0 9,735
SK TELECOM LTD ADR 78440P108 21,186 1,100 SH   SOLE   0 0 1,100
SMITH & NEPHEW PLC COM 000922320 648,488 55,300 SH   SOLE   12,200 0 43,100
SMITH A O COM 831865209 131,166 2,700 SH   SOLE   2,700 0 0
SMITHS GROUP PLC- SPON ADR ADR 83238P203 14,958 900 SH   SOLE   0 0 900
SNAM SPA COM 007251470 721,321 177,594 SH   SOLE   33,700 0 143,894
SOCIETE GENERALE COM 005966516 57,019 2,851 SH   SOLE   0 0 2,851
SOFTBANK CORP. COM 00BF5M0K5 67,606 6,765 SH   SOLE   0 0 6,765
SOLVAY SA COM 004821100 733,381 9,400 SH   SOLE   2,100 0 7,300
SONY GROUP CORP - SP ADR ADR 835699307 19,215 300 SH   SOLE   0 0 300
SPAREBANK 1 SMN COM 00B0LGG75 578,608 56,600 SH   SOLE   12,500 0 44,100
SSE PLC COM 000790873 71,343 4,184 SH   SOLE   0 0 4,184
SSE PLC-SPN ADR ADR 78467K107 20,256 1,200 SH   SOLE   0 0 1,200
STANDARD CHARTERED PLC COM 000408284 97,458 15,403 SH   SOLE   0 0 15,403
STELLANTIS NV ADR N82405106 69,086 5,835 SH   SOLE   0 0 5,835
STERICYCLE INC COM 858912108 450,577 10,700 SH   SOLE   7,300 0 3,400
STRYKER CORP. COM 863667101 303,810 1,500 SH   SOLE   1,500 0 0
SUMITOMO MITSUI FINCL GP COM 006563024 902,297 32,456 SH   SOLE   6,000 0 26,456
SUMITOMO MITSUI-SPONS ADR ADR 86562M209 34,650 6,300 SH   SOLE   0 0 6,300
SUNTORY BEVERAGE & FOOD-UADR ADR 86803T104 909,857 50,632 SH   SOLE   11,208 0 39,424
SVENSKA HANDELSBANKEN-A SHS COM 00BXDZ9Q1 786,789 95,300 SH   SOLE   21,100 0 74,200
SWIRE PACIFIC LTD - CL A COM 006867748 114,246 15,265 SH   SOLE   0 0 15,265
SYMRISE AG COM 00B1JB4K8 67,171 688 SH   SOLE   0 0 688
SYMRISE AG-UNSPON ADR ADR 87155N109 29,184 1,200 SH   SOLE   0 0 1,200
SYNOPSYS INC. COM 871607107 366,612 1,200 SH   SOLE   1,200 0 0
T ROWE PRICE GP COM 74144T108 168,016 1,600 SH   SOLE   1,600 0 0
TAKEDA PHARMACEUTIC-SP ADR ADR 874060205 32,425 2,500 SH   SOLE   0 0 2,500
TAKEDA PHARMACEUTICAL CO LTD COM 006870445 71,751 2,757 SH   SOLE   0 0 2,757
TARGET CORP. COM 87612E106 1,035,020 6,975 SH   SOLE   4,400 0 2,575
TECHTRONIC INDUSTRIES-SP ADR ADR 87873R101 19,132 400 SH   SOLE   0 0 400
TELENOR ASA-ADR ADR 87944W105 63,668 6,928 SH   SOLE   0 0 6,928
TELIA CO AB COM 005978384 65,050 22,538 SH   SOLE   0 0 22,538
TERUMO CORP COM 006885074 788,089 28,000 SH   SOLE   6,000 0 22,000
TESCO PLC COM 00BLGZ986 150,009 64,981 SH   SOLE   0 0 64,981
TESLA MOTORS COM 88160R101 693,894 2,616 SH   SOLE   2,250 0 366
TIM SA-ADR ADR 88706T108 20,124 1,800 SH   SOLE   0 0 1,800
TJX COMPANIES INC. COM 872540109 1,340,550 21,580 SH   SOLE   15,920 0 5,660
TOKIO MARINE HOLDINGS ADR 889094108 114,210 2,146 SH   SOLE   0 0 2,146
TOKIO MARINE HOLDINGS INC COM 006513126 797,437 45,000 SH   SOLE   9,000 0 36,000
TOTALENERGIES SE -SPON ADR ADR 89151E109 93,040 2,000 SH   SOLE   0 0 2,000
TOYOTA MOTOR CORP ADR 892331307 92,897 713 SH   SOLE   0 0 713
TREND MICRO INC-SPON ADR ADR 89486M206 725,760 13,500 SH   SOLE   2,971 0 10,529
TRIMBLE NAVIGATION LTD COM 896239100 1,448,629 26,693 SH   SOLE   17,000 0 9,693
TRUIST FINANCIAL CORP. COM 89832Q109 806,927 18,533 SH   SOLE   11,900 0 6,633
TYLER TECHNOLOGIES INC COM 902252105 347,500 1,000 SH   SOLE   1,000 0 0
TYSON FOOD CL A COM 902494103 125,267 1,900 SH   SOLE   1,900 0 0
UBS AG-REG COM 00BRJL176 681,299 46,326 SH   SOLE   10,276 0 36,050
UNICREDIT SPA-ADR ADR 904678406 18,216 3,600 SH   SOLE   0 0 3,600
UNILEVER PLC ADR 904767704 61,376 1,400 SH   SOLE   0 0 1,400
UNION PACIFIC CORP. COM 907818108 1,285,812 6,600 SH   SOLE   5,400 0 1,200
UNITED HEALTHCARE COM 91324P102 2,143,895 4,245 SH   SOLE   3,545 0 700
UNITED OVERSEAS BANK LTD COM 006916781 721,957 39,600 SH   SOLE   8,750 0 30,850
UNITED OVERSEAS BANK-SP ADR ADR 911271302 85,247 2,351 SH   SOLE   0 0 2,351
UNITED PARCEL SERVICE COM 911312106 2,273,514 14,074 SH   SOLE   9,000 0 5,074
UNITED RENTALS COM 911363109 1,298,737 4,808 SH   SOLE   3,100 0 1,708
US BANCORP COM 902973304 205,632 5,100 SH   SOLE   5,100 0 0
VALEO SA COM 00BDC5ST8 49,121 3,208 SH   SOLE   0 0 3,208
VALEO SA-SPON ADR ADR 919134304 12,665 1,700 SH   SOLE   0 0 1,700
VEOLIA ENVIRONNEMENT COM 004031879 548,373 28,400 SH   SOLE   6,300 0 22,100
VERISK ANALYTICS INC COM 92345Y106 170,530 1,000 SH   SOLE   1,000 0 0
VERIZON COMM. COM 92343V104 2,769,836 72,948 SH   SOLE   48,100 0 24,848
VINCI S.A.- ADR ADR 927320101 96,958 4,825 SH   SOLE   0 0 4,825
VIPSHOP HOLDINGS LTD - ADR ADR 92763W103 10,092 1,200 SH   SOLE   0 0 1,200
VISA INC COM 92826C839 744,353 4,190 SH   SOLE   4,190 0 0
VISTRY GROUP PLC COM 000185929 36,064 5,485 SH   SOLE   0 0 5,485
VODAFONE GP PLC ADR 92857W209 94,198 8,314 SH   SOLE   0 0 8,314
VOLKSWAGEN A G-UNSPON ADR COM 928662600 9,747 600 SH   SOLE   0 0 600
VONOVIA SE COM 00BBJPFY1 32,584 1,516 SH   SOLE   0 0 1,516
VOYA FINANCIAL INC. COM 929089100 2,302,872 38,064 SH   SOLE   24,320 0 13,744
VULCAN MATLS COM 929160109 671,845 4,260 SH   SOLE   2,960 0 1,300
WAL MART STORES INC. COM 931142103 1,045,641 8,062 SH   SOLE   5,100 0 2,962
WARNER BROS DISCOVERY COM 934423104 169,594 14,747 SH   SOLE   9,443 0 5,304
WATSCO INC. COM 942622200 411,936 1,600 SH   SOLE   1,600 0 0
WELLS FARGO & CO COM 949746101 3,203,603 79,652 SH   SOLE   53,000 0 26,652
WELLTOWER INC. COM 95040Q104 1,060,508 16,488 SH   SOLE   10,500 0 5,988
WEX INC. COM 96208T104 936,817 7,380 SH   SOLE   4,700 0 2,680
WEYERHAEUSER CO. COM 962166104 125,664 4,400 SH   SOLE   4,400 0 0
WILLIAMS COS. COM 969457100 146,013 5,100 SH   SOLE   5,100 0 0
WOODSIDE ENERGY GROUP COM 00BMGT167 883,116 43,384 SH   SOLE   9,592 0 33,792
WPP PLC ADR 92937A102 55,318 1,343 SH   SOLE   0 0 1,343
WR BERKLEY CORP COM 084423102 290,610 4,500 SH   SOLE   4,500 0 0
WYNN RESORTS LTD COM 983134107 829,664 13,163 SH   SOLE   8,300 0 4,863
XYLEM INC COM 98419M100 884,171 10,121 SH   SOLE   6,400 0 3,721
YPF S.A. ADR 984245100 114,500 18,438 SH   SOLE   0 0 18,438
ZURICH FINANCIAL SVCS-ADR ADR 989825104 162,899 4,095 SH   SOLE   0 0 4,095