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
AFFILIATED MANAGERS GROUP COM 008252108 81,521 836,630 SH   SOLE   836,630 0 0
ALLEGHANY CORP DEL COM 017175100 83,886 134,580 SH   SOLE   134,580 0 0
AMERICAN EXPRESS CO COM 025816109 125,803 1,319,796 SH   SOLE   1,319,796 0 0
ARROW ELECTRS INC COM 042735100 97,185 1,409,500 SH   SOLE   1,409,500 0 0
AUTOZONE INC COM 053332102 101,147 120,651 SH   SOLE   120,651 0 0
BAKER HUGHES A GE CO CL A 05722G100 86,578 4,026,900 SH   SOLE   4,026,900 0 0
BIOGEN INC COM 09062X103 52,631 174,900 SH   SOLE   174,900 0 0
CITIGROUP INC COM NEW 172967424 217,291 4,173,859 SH   SOLE   4,173,859 0 0
CVS HEALTH CORP COM 126650100 130,216 1,987,417 SH   SOLE   1,987,417 0 0
EXXON MOBIL CORP COM 30231G102 139,607 2,047,325 SH   SOLE   2,047,325 0 0
FRANKLIN RES INC COM 354613101 250,932 8,460,294 SH   SOLE   8,460,294 0 0
GENERAL ELECTRIC CO COM 369604103 174,401 23,038,434 SH   SOLE   23,038,434 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 208,998 1,251,108 SH   SOLE   1,251,108 0 0
HARLEY DAVIDSON INC COM 412822108 162,122 4,751,530 SH   SOLE   4,751,530 0 0
INVESCO LTD SHS G491BT108 150,638 8,998,697 SH   SOLE   8,998,697 0 0
JOHNSON CTLS INTL PLC SHS G51502105 160,404 5,409,900 SH   SOLE   5,409,900 0 0
KIMBERLY CLARK CORP COM 494368103 114,863 1,008,099 SH   SOLE   1,008,099 0 0
KT CORP SPONSORED ADR 48268K101 125,370 8,816,459 SH   SOLE   8,816,459 0 0
MCKESSON CORP COM 58155Q103 234,279 2,120,751 SH   SOLE   2,120,751 0 0
MORGAN STANLEY COM NEW 617446448 94,841 2,391,953 SH   SOLE   2,391,953 0 0
NIELSEN HOLDINGS PLC SHS EUR G6518L108 120,694 5,173,348 SH   SOLE   5,173,348 0 0
OMNICOM GROUP INC COM 681919106 101,420 1,384,765 SH   SOLE   1,384,765 0 0
SCHLUMBERGER LTD COM 806857108 164,311 4,554,073 SH   SOLE   4,554,073 0 0
STATE STR CORP COM 857477103 44,042 698,300 SH   SOLE   698,300 0 0
UNITED NAT FOODS INC COM 911163103 50,047 4,725,904 SH   SOLE   4,725,904 0 0
VIACOM INC NEW CL B 92553P201 117,691 4,579,400 SH   SOLE   4,579,400 0 0
WELLS FARGO CO NEW COM 949746101 83,555 1,813,258 SH   SOLE   1,813,258 0 0
ZIMMER BIOMET HLDGS INC COM 98956P102 82,634 796,700 SH   SOLE   796,700 0 0