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
ADVANCE AUTO PARTS INC COM 00751Y106 35,081 208,405 SH   SOLE   208,405 0 0
ALLEGHANY CORP DEL COM 017175100 133,038 203,880 SH   SOLE   203,880 0 0
AMERICAN EXPRESS CO COM 025816109 155,777 1,462,834 SH   SOLE   1,462,834 0 0
ARROW ELECTRS INC COM 042735100 116,013 1,573,700 SH   SOLE   1,573,700 0 0
AUTONATION INC COM 05329W102 25,789 620,670 SH   SOLE   620,670 0 0
AUTOZONE INC COM 053332102 106,466 137,251 SH   SOLE   137,251 0 0
BAKER HUGHES A GE CO CL A 05722G100 118,456 3,501,500 SH   SOLE   3,501,500 0 0
CITIGROUP INC COM NEW 172967424 288,256 4,018,059 SH   SOLE   4,018,059 0 0
CVS HEALTH CORP COM 126650100 248,188 3,152,795 SH   SOLE   3,152,795 0 0
EXXON MOBIL CORP COM 30231G102 175,347 2,062,425 SH   SOLE   2,062,425 0 0
FRANKLIN RES INC COM 354613101 246,011 8,089,794 SH   SOLE   8,089,794 0 0
GENERAL ELECTRIC CO COM 369604103 205,391 18,192,334 SH   SOLE   18,192,334 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 278,537 1,242,137 SH   SOLE   1,242,137 0 0
HARLEY DAVIDSON INC COM 412822108 209,500 4,624,730 SH   SOLE   4,624,730 0 0
INVESCO LTD SHS G491BT108 200,390 8,758,297 SH   SOLE   8,758,297 0 0
JOHNSON CTLS INTL PLC SHS G51502105 190,656 5,447,300 SH   SOLE   5,447,300 0 0
KIMBERLY CLARK CORP COM 494368103 115,424 1,015,699 SH   SOLE   1,015,699 0 0
KT CORP SPONSORED ADR 48268K101 153,413 10,330,859 SH   SOLE   10,330,859 0 0
MCKESSON CORP COM 58155Q103 270,692 2,040,651 SH   SOLE   2,040,651 0 0
MORGAN STANLEY COM NEW 617446448 92,975 1,996,453 SH   SOLE   1,996,453 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 143,944 5,204,048 SH   SOLE   5,204,048 0 0
OMNICOM GROUP INC COM 681919106 132,909 1,953,965 SH   SOLE   1,953,965 0 0
PROCTER AND GAMBLE CO COM 742718109 38,427 461,700 SH   SOLE   461,700 0 0
SCHLUMBERGER LTD COM 806857108 182,119 2,989,473 SH   SOLE   2,989,473 0 0
UNITED NAT FOODS INC COM 911163103 134,139 4,478,758 SH   SOLE   4,478,758 0 0
VIACOM INC NEW CL B 92553P201 155,644 4,610,300 SH   SOLE   4,610,300 0 0
WELLS FARGO CO NEW COM 949746101 95,720 1,821,158 SH   SOLE   1,821,158 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 91,845 698,600 SH   SOLE   698,600 0 0