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
AALBERTS INDUSTRIES NV COM 00B1W8P14 493,410 15,050 SH   SOLE   1,550 0 13,500
ABB LTD-REG COM 007108899 1,049,673 46,630 SH   SOLE   4,740 0 41,890
ABBOTT LABS COM 002824100 1,755,456 19,200 SH   SOLE   14,100 0 5,100
ABBVIE INC. COM 00287Y109 819,803 8,350 SH   SOLE   8,350 0 0
ACCOR SA COM 005852842 322,219 11,850 SH   SOLE   1,200 0 10,650
AEON MALL CO LTD COM 006534202 896,028 67,600 SH   SOLE   9,000 0 58,600
AES CORP COM 00130H105 775,940 53,550 SH   SOLE   39,350 0 14,200
AGNC INVESTMENT CORP COM 00123Q104 476,655 36,950 SH   SOLE   28,550 0 8,400
AIR PROD & CHEM. COM 009158106 1,750,585 7,250 SH   SOLE   6,250 0 1,000
AIRBUS SE COM 004012250 367,414 5,150 SH   SOLE   500 0 4,650
ALEXION PHARM. COM 015351109 196,420 1,750 SH   SOLE   1,750 0 0
ALLETE INC COM COM 018522300 286,703 5,250 SH   SOLE   5,250 0 0
ALLIANCE DATA SYSTEMS COM 018581108 54,144 1,200 SH   SOLE   1,200 0 0
ALLIANZ SE-REG COM 005231485 1,317,135 6,452 SH   SOLE   650 0 5,802
ALLSTATE CORP. COM 020002101 557,693 5,750 SH   SOLE   5,750 0 0
ALLY FINANCIAL INC COM 02005N100 597,280 30,120 SH   SOLE   22,120 0 8,000
ALPHABET INC. CL A COM 02079K305 1,574,036 1,110 SH   SOLE   810 0 300
ALPHABET INC. CL C COM 02079K107 2,516,226 1,780 SH   SOLE   1,530 0 250
ALTRIA GROUP COM 02209S103 722,200 18,400 SH   SOLE   13,550 0 4,850
AMAZON COM COM 023135106 2,579,497 935 SH   SOLE   935 0 0
AMER. ELEC. PWR COM 025537101 780,472 9,800 SH   SOLE   7,200 0 2,600
AMERICAN TOWER CORP. COM 03027X100 2,176,907 8,420 SH   SOLE   7,320 0 1,100
AMERICAN WTR WKS CO COM 030420103 739,795 5,750 SH   SOLE   5,750 0 0
AMERIPRISE FINANCIAL COM 03076C106 901,740 6,010 SH   SOLE   4,410 0 1,600
AMERISAFE INC COM 03071H100 97,856 1,600 SH   SOLE   1,600 0 0
AMN HEALTHCARE SVC COM 001744101 81,432 1,800 SH   SOLE   1,800 0 0
ANHEUSER-BUSCH INBEV NV COM 00BYYHL23 374,429 7,600 SH   SOLE   750 0 6,850
ANSYS INC COM 03662Q105 131,279 450 SH   SOLE   450 0 0
ANTHEM INC. COM 036752103 1,512,135 5,750 SH   SOLE   4,950 0 800
AON CORP ADR G0408V102 1,036,188 5,380 SH   SOLE   530 0 4,850
APPLE INC. COM 037833100 2,553,600 7,000 SH   SOLE   7,000 0 0
APPLIED INDL TECH COM 03820C105 340,026 5,450 SH   SOLE   5,450 0 0
APPLIED MATLS INC. COM 038222105 683,085 11,300 SH   SOLE   11,300 0 0
APTIV PLC ADR G6095L109 616,347 7,910 SH   SOLE   810 0 7,100
ARCH CAPITAL GP LTD. ADR G0450A105 897,318 31,320 SH   SOLE   3,170 0 28,150
ARES CAP CORP COM 04010L103 800,732 55,414 SH   SOLE   41,114 0 14,300
ASAHI GROUP HOLDINGS LTD COM 006054409 700,005 20,000 SH   SOLE   2,000 0 18,000
ASML HOLDING NV COM 00B929F46 1,597,136 4,350 SH   SOLE   450 0 3,900
ASPEN TECHNOLOGY COM 045327103 751,173 7,250 SH   SOLE   7,250 0 0
ASSICURAZIONI GENERALI COM 004056719 551,446 36,450 SH   SOLE   3,700 0 32,750
AT&T INC. COM 00206R102 2,939,868 97,250 SH   SOLE   73,350 0 23,900
ATLAS COPCO AB-A SHS COM 00BD97BN2 785,672 18,550 SH   SOLE   0 0 18,550
B3 SA-BRASIL BOLSA BALCAO COM 00BG36ZK1 717,872 71,550 SH   SOLE   7,250 0 64,300
BAIDU COM INC ADR 056752108 359,670 3,000 SH   SOLE   300 0 2,700
BAKER HUGHES A GE COM 05722G100 342,428 22,250 SH   SOLE   18,050 0 4,200
BANDAI NAMCO HOLDINGS INC COM 00B0JDQD4 588,315 11,200 SH   SOLE   1,000 0 10,200
BANK OF AMERICA COM 060505104 2,775,188 116,850 SH   SOLE   87,450 0 29,400
BAXTER INTL INC. COM 071813109 942,795 10,950 SH   SOLE   8,050 0 2,900
BAYER AG-REG COM 005069211 546,506 7,396 SH   SOLE   760 0 6,636
BEAZER HOMES USA COM 07556Q881 37,058 3,680 SH   SOLE   3,680 0 0
BECTON DICKINSON & CO COM 075887109 1,837,594 7,680 SH   SOLE   7,680 0 0
BEIERSDORF AG COM 005107401 1,100,077 9,688 SH   SOLE   1,010 0 8,678
BERKSHIRE HATH. B COM 084670702 3,177,478 17,800 SH   SOLE   13,100 0 4,700
BERKSHIRE HATHAWAY A COM 084670108 2,138,400 8 SH   SOLE   6 0 2
BIO-TECHNE CORP COM 09073M104 264,070 1,000 SH   SOLE   1,000 0 0
BLACK HILLS CORP COM 092113109 623,260 11,000 SH   SOLE   8,100 0 2,900
BNP PARIBAS COM 007309681 462,806 11,650 SH   SOLE   1,200 0 10,450
BOEING CO. COM 097023105 425,256 2,320 SH   SOLE   1,720 0 600
BOOKING HOLDINGS INC. COM 09857L108 238,851 150 SH   SOLE   150 0 0
BREMBO SPA COM 00BF37983 795,846 86,150 SH   SOLE   11,450 0 74,700
BRISTOL MYERS SQUIBB COM 110122108 1,143,072 19,440 SH   SOLE   14,240 0 5,200
BROADCOM INC. COM 11135F101 1,025,733 3,250 SH   SOLE   2,350 0 900
BURBERRY GROUP PLC COM 003174300 455,547 23,050 SH   SOLE   2,350 0 20,700
CABLE ONE INC. COM 12685J105 1,242,395 700 SH   SOLE   500 0 200
CALBEE INC COM 00B3TBRZ8 442,397 16,000 SH   SOLE   2,000 0 14,000
CANADIAN NATL RAILWAY CO COM 002180632 582,913 6,610 SH   SOLE   660 0 5,950
CANADIAN PACIFIC RAILWAY COM 002793115 687,090 2,710 SH   SOLE   260 0 2,450
CARDINAL HEALTH INC COM 14149Y108 169,618 3,250 SH   SOLE   3,250 0 0
CARLSBERG AS-B COM 004169219 734,733 5,562 SH   SOLE   570 0 4,992
CARRIER GLOBAL CORP COM 14448C104 153,318 6,900 SH   SOLE   5,100 0 1,800
CASEYS GEN STORES COM 147528103 493,416 3,300 SH   SOLE   3,300 0 0
CAVCO INDS INC COM 149568107 144,638 750 SH   SOLE   750 0 0
CCL INDUSTRIES, CL B COM 002159795 823,153 25,550 SH   SOLE   2,600 0 22,950
CENTERPOINT ENERGY INC COM 15189T107 266,048 14,250 SH   SOLE   14,250 0 0
CHARLES SCHWAB COM 808513105 367,766 10,900 SH   SOLE   10,900 0 0
CHARTER PLC COM 16119P108 1,122,088 2,200 SH   SOLE   1,600 0 600
CHASE CORP COM 16150R104 76,875 750 SH   SOLE   750 0 0
CHEFS' WAREHOUSE INC COM 163086101 48,209 3,550 SH   SOLE   3,550 0 0
CHESAPEAKE UTILITIES CORP COM 165303108 84,000 1,000 SH   SOLE   1,000 0 0
CHEVRON CORP COM 166764100 1,771,216 19,850 SH   SOLE   14,550 0 5,300
CHIPOTLE MEXICAN GRILL COM 169656105 684,034 650 SH   SOLE   650 0 0
CIE FINANCIERE RICHEMONT- COM 00BCRWZ18 867,484 13,600 SH   SOLE   0 0 13,600
CIGNA CORP. COM 125523100 1,041,458 5,550 SH   SOLE   4,050 0 1,500
CINTAS CORP COM 172908105 639,264 2,400 SH   SOLE   2,400 0 0
CISCO SYSTEMS COM 17275R102 2,791,404 59,850 SH   SOLE   45,450 0 14,400
CITIGROUP INC. COM 172967424 2,003,120 39,200 SH   SOLE   28,800 0 10,400
CITIZENS FINANCIAL GROUP COM 174610105 807,175 31,980 SH   SOLE   23,530 0 8,450
CME GROUP COM 12572Q105 958,986 5,900 SH   SOLE   4,700 0 1,200
COCA COLA COMPANY COM 191216100 214,464 4,800 SH   SOLE   4,800 0 0
COGNIZANT TECH. COM 192446102 784,116 13,800 SH   SOLE   10,100 0 3,700
COHERENT INC COM 192479103 117,882 900 SH   SOLE   900 0 0
COLGATE PALMOLIVE COM 194162103 652,014 8,900 SH   SOLE   8,900 0 0
COMCAST CORP-Cl A COM 20030N101 1,302,712 33,420 SH   SOLE   33,420 0 0
COMPASS GROUP PLC COM 00BD6K457 1,056,281 76,877 SH   SOLE   7,790 0 69,087
COMPASS MINERALS INTL COM 20451N101 58,500 1,200 SH   SOLE   1,200 0 0
CONOCOPHILLIPS COM 20825C104 1,140,843 27,150 SH   SOLE   23,250 0 3,900
CONTINENTAL RESOURCES COM 212015101 57,849 3,300 SH   SOLE   3,300 0 0
COPART INC COM 217204106 195,685 2,350 SH   SOLE   2,350 0 0
CORNING INC COM 219350105 977,725 37,750 SH   SOLE   27,750 0 10,000
COSTCO WHOLESALE COM 22160K105 1,030,914 3,400 SH   SOLE   2,500 0 900
CREDIT SAISON CO LTD COM 006591809 472,770 41,400 SH   SOLE   4,000 0 37,400
CROWN CASTLE INTL COM 22822V101 1,665,133 9,950 SH   SOLE   7,250 0 2,700
CSX CORP. COM 126408103 798,523 11,450 SH   SOLE   8,450 0 3,000
CULLEN FROST BANKERS COM 229899109 197,982 2,650 SH   SOLE   2,650 0 0
CUMMINS INC COM 231021106 1,143,516 6,600 SH   SOLE   4,900 0 1,700
CVS CAREMARK CORP COM 126650100 1,637,244 25,200 SH   SOLE   17,400 0 7,800
CYBERAGENT INC COM 006220501 588,404 12,000 SH   SOLE   1,000 0 11,000
D R HORTON INC. COM 23331A109 571,135 10,300 SH   SOLE   10,300 0 0
DAIKIN INDUSTRIES LTD COM 006250724 964,082 6,000 SH   SOLE   0 0 6,000
DANAHER CORP COM 235851102 2,387,205 13,500 SH   SOLE   11,500 0 2,000
DELTA AIR LINES COM 247361702 445,434 15,880 SH   SOLE   11,680 0 4,200
DENSO CORP COM 006640381 448,232 11,500 SH   SOLE   1,000 0 10,500
DEUTSCHE BOERSE AG COM 007021963 3,230,576 17,860 SH   SOLE   1,810 0 16,050
DEUTSCHE POST AG-REG COM 004617859 1,519,007 41,550 SH   SOLE   5,100 0 36,450
DIAGEO PLC COM 000237400 473,300 14,285 SH   SOLE   1,430 0 12,855
DIEBOLD INC COM 253651103 25,149 4,150 SH   SOLE   4,150 0 0
DIGITAL REALTY TRUST INC COM 253868103 3,511,822 24,712 SH   SOLE   13,809 0 10,903
DISCOVER FINCL SERVICES COM 254709108 574,532 11,470 SH   SOLE   8,470 0 3,000
DISH NETWORK CORP CL A COM 25470M109 129,413 3,750 SH   SOLE   3,750 0 0
DISNEY WALT PRODTNS COM 254687106 814,023 7,300 SH   SOLE   5,400 0 1,900
DIVERSIFIED HEALTHCARE TR COM 25525P107 32,081 7,250 SH   SOLE   7,250 0 0
DOLLAR GEN CORP COM 256677105 447,699 2,350 SH   SOLE   2,350 0 0
DOLLARAMA INC COM 00B4TP9G2 673,090 20,300 SH   SOLE   2,050 0 18,250
DOMINION RESOURCES COM 25746U109 909,216 11,200 SH   SOLE   8,300 0 2,900
DOW INC. COM 260557103 541,374 13,282 SH   SOLE   13,282 0 0
ELI LILLY & CO. COM 532457108 1,331,500 8,110 SH   SOLE   5,910 0 2,200
ENTERGY CORP. COM 29364G103 1,424,974 15,190 SH   SOLE   11,190 0 4,000
EQUINIX INC COM 29444U700 1,376,508 1,960 SH   SOLE   1,560 0 400
EXELON CORP. COM 30161N101 1,008,862 27,800 SH   SOLE   20,400 0 7,400
EXPEDITORS INT'L COM 302130109 167,288 2,200 SH   SOLE   2,200 0 0
EXPERIAN PLC COM 00B19NLV4 905,621 26,000 SH   SOLE   2,650 0 23,350
EXXON MOBIL CORP. COM 30231G102 2,048,176 45,800 SH   SOLE   33,700 0 12,100
FACEBOOK INC. COM 30303M102 1,600,844 7,050 SH   SOLE   7,050 0 0
FACTSET RESH SYS COM 303075105 771,905 2,350 SH   SOLE   2,350 0 0
FAMILYMART UNY HOLDINGS C COM 006331276 270,790 15,800 SH   SOLE   2,000 0 13,800
FANUC CORP COM 006356934 794,429 4,450 SH   SOLE   100 0 4,350
FIFTH THIRD BANCORP COM 316773100 776,213 40,260 SH   SOLE   29,660 0 10,600
FINECOBANK SPA COM 00BNGN9Z1 784,039 58,100 SH   SOLE   8,600 0 49,500
FIRST MERCHANTS CORP COM 320817109 183,341 6,650 SH   SOLE   6,650 0 0
FIRST REPUBLIC BANK/CA COM 33616C100 1,542,155 14,550 SH   SOLE   12,050 0 2,500
FOMENTO ECONOMICO MEX-SP ADR 344419106 351,597 5,670 SH   SOLE   570 0 5,100
FORD MOTOR CO. COM 345370860 740,544 121,800 SH   SOLE   98,100 0 23,700
FOX FACTORY HOLDING CORP COM 35138V102 268,483 3,250 SH   SOLE   3,250 0 0
GALLAGHER ARTHUR CO. COM 363576109 1,263,470 12,960 SH   SOLE   9,460 0 3,500
GEBERIT AG-REG COM 00B1WGG93 652,585 1,304 SH   SOLE   150 0 1,154
GENERAL ELECTRIC CO. COM 369604103 221,292 32,400 SH   SOLE   32,400 0 0
GENERAL MTRS CO COM 37045V100 697,015 27,550 SH   SOLE   21,150 0 6,400
GENMAB A/S COM 004595739 986,897 2,950 SH   SOLE   300 0 2,650
GILEAD SCIENCES INC. COM 375558103 1,370,301 17,810 SH   SOLE   13,010 0 4,800
GLAXOSMITHKLINE PLC COM 000925288 557,112 27,550 SH   SOLE   2,800 0 24,750
GLOBUS MEDICAL CL A COM 379577208 162,214 3,400 SH   SOLE   3,400 0 0
GOLDMAN SACHS GROUP COM 38141G104 1,007,862 5,100 SH   SOLE   3,700 0 1,400
GRAPHIC PACKAGING HOLDING COM 388689101 72,748 5,200 SH   SOLE   5,200 0 0
GROUPE BRUXELLES LAMBERT COM 007097328 1,943,259 23,168 SH   SOLE   2,360 0 20,808
HALMA PLC COM 000405207 1,180,919 41,500 SH   SOLE   4,200 0 37,300
HARTFORD FINCL. SRV COM 416515104 321,893 8,350 SH   SOLE   8,350 0 0
HASBRO INC. COM 418056107 292,305 3,900 SH   SOLE   3,900 0 0
HCA INC. COM 40412C101 660,008 6,800 SH   SOLE   5,000 0 1,800
HEALTHCARE REALTY COM 421946104 355,874 12,150 SH   SOLE   12,150 0 0
HEICO CORP-CLASS A COM 422806208 901,764 11,100 SH   SOLE   11,100 0 0
HEINEKEN NV COM 007792559 754,376 8,185 SH   SOLE   820 0 7,365
HENKEL AG & CO KGAA VORZU COM 005076705 522,775 5,616 SH   SOLE   560 0 5,056
HERMES INTERNATIONAL COM 005253973 762,719 913 SH   SOLE   100 0 813
HESS CORP. COM 42809H107 747,618 14,430 SH   SOLE   10,630 0 3,800
HEXAGON AB-B SHS COM 00B1XFTL2 990,413 16,962 SH   SOLE   1,730 0 15,232
HIKARI TSUSHIN INC COM 006416322 682,671 3,000 SH   SOLE   0 0 3,000
HOLOGIC INC COM 436440101 111,150 1,950 SH   SOLE   1,950 0 0
HOME DEPOT INC. COM 437076102 1,049,637 4,190 SH   SOLE   3,090 0 1,100
HOYA CORP COM 006441506 751,300 7,900 SH   SOLE   1,000 0 6,900
HP INC COM 40434L105 748,619 42,950 SH   SOLE   31,550 0 11,400
HSBC HOLDINGS PLC COM 000540528 301,730 64,500 SH   SOLE   6,550 0 57,950
HUMANA INC. COM 444859102 174,488 450 SH   SOLE   450 0 0
HUNT J B TRANS SVCS COM 445658107 541,530 4,500 SH   SOLE   4,500 0 0
HUNTINGTON BANCSHARES COM 446150104 46,530 5,150 SH   SOLE   5,150 0 0
HUNTINGTON INGALLS INDUS COM 446413106 340,256 1,950 SH   SOLE   1,950 0 0
ILLUMINA INC COM 452327109 703,665 1,900 SH   SOLE   1,900 0 0
IMPERIAL OIL LTD COM 002454241 314,932 19,640 SH   SOLE   2,140 0 17,500
INFINEON TECHNOLOGIES AG COM 005889505 638,897 27,250 SH   SOLE   2,750 0 24,500
ING GROEP NV-CVA COM 00BZ57390 1,146,175 164,650 SH   SOLE   19,410 0 145,240
INGREDION INC COM 457187102 49,800 600 SH   SOLE   600 0 0
INT'L PAPER CO. COM 460146103 799,267 22,700 SH   SOLE   16,700 0 6,000
INTEL CORP. COM 458140100 3,290,650 55,000 SH   SOLE   40,400 0 14,600
INTUITIVE SURGICAL INC COM 46120E602 826,254 1,450 SH   SOLE   1,450 0 0
INVESTOR AB-B SHS COM 005679591 1,278,088 24,217 SH   SOLE   3,100 0 21,117
J & J SNACK FOODS COM 466032109 152,556 1,200 SH   SOLE   1,200 0 0
JAPAN TOBACCO INC COM 006474535 359,912 19,400 SH   SOLE   0 0 19,400
JEFFERIES FINANCIAL GP COM 47233W109 745,623 47,950 SH   SOLE   35,250 0 12,700
JM SMUCKER CO COM 832696405 390,439 3,690 SH   SOLE   3,690 0 0
JOHNSON & JOHNSON COM 478160104 3,297,774 23,450 SH   SOLE   17,250 0 6,200
JPMORGAN CHASE & CO COM 46625H100 3,315,615 35,250 SH   SOLE   25,950 0 9,300
KAISER ALUMINUM CORP COM 483007704 198,774 2,700 SH   SOLE   2,700 0 0
KAO CORP COM 006483809 949,900 12,000 SH   SOLE   2,000 0 10,000
KDDI CORP COM 006248990 635,499 21,200 SH   SOLE   2,000 0 19,200
KELLOGG CO COM 487836108 1,998,976 30,260 SH   SOLE   23,360 0 6,900
KEYCORP COM 493267108 731,409 60,050 SH   SOLE   46,250 0 13,800
KIMBERLY CLARK CORP. COM 494368103 1,095,463 7,750 SH   SOLE   5,700 0 2,050
KINDER MORGAN INC COM 49456B101 638,657 42,100 SH   SOLE   30,900 0 11,200
KOMATSU LTD COM 006496584 737,325 36,100 SH   SOLE   3,900 0 32,200
KONINKLIJKE DSM NV COM 00B0HZL93 761,046 5,500 SH   SOLE   0 0 5,500
KONINKLIJKE PHILIPS NV COM 005986622 1,000,282 21,450 SH   SOLE   0 0 21,450
KROGER CO. COM 501044101 1,983,610 58,600 SH   SOLE   42,800 0 15,800
KUEHNE & NAGEL INTL AG-RE COM 00B142S60 650,331 3,915 SH   SOLE   410 0 3,505
LAFARGEHOLCIM LTD-REG COM 007110753 657,116 15,000 SH   SOLE   2,150 0 12,850
LAUDER ESTEE COS. COM 518439104 945,287 5,010 SH   SOLE   3,710 0 1,300
LEAR CORP. COM 521865204 681,375 6,250 SH   SOLE   4,550 0 1,700
LEGRAND SA COM 00B11ZRK9 676,236 8,904 SH   SOLE   910 0 7,994
LENNAR CORP. COM 526057104 1,066,026 17,300 SH   SOLE   12,700 0 4,600
LITTELFUSE INC COM 537008104 255,945 1,500 SH   SOLE   1,500 0 0
LOCKHEED MARTIN COM 539830109 901,352 2,470 SH   SOLE   1,820 0 650
LONDON STOCK EXCHANGE GP COM 00B0SWJX3 1,006,897 9,750 SH   SOLE   1,000 0 8,750
LVMH MOET HENNESSY LOUIS COM 004061412 723,674 1,650 SH   SOLE   150 0 1,500
MARATHON PETROLEUM CORP COM 56585A102 981,225 26,250 SH   SOLE   21,650 0 4,600
MARKETAXESS HOLDINGS COM 57060D108 1,402,576 2,800 SH   SOLE   2,800 0 0
MARSH & MCLENNON COM 571748102 1,172,480 10,920 SH   SOLE   8,020 0 2,900
MASTERCARD INC. COM 57636Q104 912,235 3,085 SH   SOLE   3,085 0 0
MAXIM INTERGRATED COM 57772K101 933,394 15,400 SH   SOLE   11,300 0 4,100
MCDONALDS CORP. COM 580135101 3,244,827 17,590 SH   SOLE   14,090 0 3,500
MCKESSON CORP COM 58155Q103 506,286 3,300 SH   SOLE   3,300 0 0
MEDIOBANCA SPA COM 004574813 435,281 60,650 SH   SOLE   6,150 0 54,500
MEDTRONIC INC. ADR G5960L103 1,403,927 15,310 SH   SOLE   1,560 0 13,750
MERCK & CO. INC. COM 58933Y105 3,466,317 44,825 SH   SOLE   36,725 0 8,100
METLIFE INC COM 59156R108 1,043,742 28,580 SH   SOLE   20,980 0 7,600
MICROSOFT CORP. COM 594918104 4,128,200 20,285 SH   SOLE   17,435 0 2,850
MIDSOUTH BANKCORP COM 620076307 742,689 5,300 SH   SOLE   3,900 0 1,400
MONDELEZ INTERNATIONAL CL COM 609207105 828,306 16,200 SH   SOLE   12,000 0 4,200
MOODYS CORP COM 615369105 1,222,549 4,450 SH   SOLE   3,250 0 1,200
MORGAN STANLEY COM 617446448 994,980 20,600 SH   SOLE   15,100 0 5,500
MORNINGSTAR INC COM 617700109 310,134 2,200 SH   SOLE   2,200 0 0
MTU AERO ENGINES AG COM 00B09DHL9 945,656 5,462 SH   SOLE   560 0 4,902
NEENAH PAPER INC COM 640079109 712,224 14,400 SH   SOLE   10,600 0 3,800
NEKTAR THERAPEUTICS COM 640268108 45,162 1,950 SH   SOLE   1,950 0 0
NEMETSCHEK SE COM 005633962 924,510 13,450 SH   SOLE   1,350 0 12,100
NESTLE SA-REG COM 007123870 2,356,111 21,315 SH   SOLE   2,170 0 19,145
NEWMONT CORP COM 651639106 1,571,283 25,450 SH   SOLE   19,350 0 6,100
NEXTERA ENERGY INC COM 65339F101 1,008,714 4,200 SH   SOLE   3,100 0 1,100
NIDEC CORP COM 006640682 800,408 12,000 SH   SOLE   2,000 0 10,000
NITTO DENKO CORP COM 006641801 565,417 10,000 SH   SOLE   1,000 0 9,000
NOBLE ENERGY INC COM 655044105 376,589 42,030 SH   SOLE   30,880 0 11,150
NORFOLK SOUTHERN CORP COM 655844108 807,622 4,600 SH   SOLE   3,400 0 1,200
NORTHROP GRUMMAN COM 666807102 830,088 2,700 SH   SOLE   2,000 0 700
NORTHWESTERN CORP COM 668074305 665,144 12,200 SH   SOLE   9,000 0 3,200
NOVARTIS AG-REG COM 007103065 1,652,662 19,000 SH   SOLE   2,300 0 16,700
NOVOZYMES A/S-B SHARES COM 00B798FW0 1,297,125 22,445 SH   SOLE   2,270 0 20,175
NTT DOCOMO INC COM 006129277 590,371 22,100 SH   SOLE   2,000 0 20,100
NVE CORP COM 629445206 200,948 3,250 SH   SOLE   3,250 0 0
NVIDIA CORP COM 67066G104 1,424,663 3,750 SH   SOLE   3,750 0 0
NXP SEMICONDUCTORS NV COM N6596X109 752,664 6,600 SH   SOLE   650 0 5,950
OCCIDENTAL PETRO. COM 674599105 609,390 33,300 SH   SOLE   26,800 0 6,500
OIL STS INTL COM 678026105 249,375 52,500 SH   SOLE   38,700 0 13,800
OLD DOMINION FGHT LINE COM 679580100 597,805 3,525 SH   SOLE   3,525 0 0
OLD REP INTL CORP. COM 680223104 178,595 10,950 SH   SOLE   10,950 0 0
OLLIE'S BARGAIN OUTLET HD COM 681116109 581,018 5,950 SH   SOLE   5,950 0 0
ONO PHARMACEUTICAL CO LTD COM 006660107 735,655 25,300 SH   SOLE   3,500 0 21,800
ORACLE SYSTEMS COM 68389X105 1,238,048 22,400 SH   SOLE   16,500 0 5,900
OSHKOSH TRUCK CORP COM 688239201 318,709 4,450 SH   SOLE   4,450 0 0
OTIS WORLDWIDE CORP COM 68902V107 199,010 3,500 SH   SOLE   2,550 0 950
PALO ALTO NETWORKS INC COM 697435105 149,286 650 SH   SOLE   650 0 0
PANHANDLE OIL AND GAS INC COM 698477106 17,018 6,350 SH   SOLE   6,350 0 0
PAR PACIFIC HOLDINGS COM 69888T207 42,253 4,700 SH   SOLE   4,700 0 0
PARGESA HOLDING SA-BR COM 00B0CDLF8 1,085,818 14,270 SH   SOLE   1,430 0 12,840
PARKER HANNIFIN COM 701094104 962,168 5,250 SH   SOLE   3,850 0 1,400
PARSLEY ENERGY INC COM 701877102 67,818 6,350 SH   SOLE   6,350 0 0
PARTNERS GROUP HOLDING AG COM 00B119QG0 1,135,527 1,252 SH   SOLE   0 0 1,252
PAYCOM SOFTWARE INC COM 70432V102 325,217 1,050 SH   SOLE   1,050 0 0
PAYPAL HOLDINGS INC COM 70450Y103 1,245,745 7,150 SH   SOLE   7,150 0 0
PEOPLES UNITED FINCL COM 712704105 632,879 54,700 SH   SOLE   40,200 0 14,500
PEPSICO INC. COM 713448108 868,948 6,570 SH   SOLE   4,870 0 1,700
PERNOD RICARD SA COM 004682329 986,411 6,271 SH   SOLE   720 0 5,551
PETROBRAS - PETROLEO BRAS COM 002683410 333,211 84,900 SH   SOLE   8,600 0 76,300
PFIZER INC. COM 717081103 2,302,080 70,400 SH   SOLE   53,200 0 17,200
PHIBRO ANIMAL HEALTH CORP COM 71742Q106 61,735 2,350 SH   SOLE   2,350 0 0
PHILIP MORRIS INT'L COM 718172109 973,834 13,900 SH   SOLE   10,200 0 3,700
PNC FINCL SVCS COM 693475105 1,772,789 16,850 SH   SOLE   12,450 0 4,400
PORTLAND GENERAL ELECTRIC COM 736508847 828,256 19,810 SH   SOLE   15,010 0 4,800
PPG INDUSTRIES COM 693506107 801,814 7,560 SH   SOLE   5,560 0 2,000
PRAIRIESKY ROYALTY LTD COM 00BN320L4 245,998 39,050 SH   SOLE   3,950 0 35,100
PRESTIGE BRANDS HOLDINGS COM 74112D101 129,582 3,450 SH   SOLE   3,450 0 0
PRICESMART INC COM 741511109 81,446 1,350 SH   SOLE   1,350 0 0
PROCTOR & GAMBLE COM 742718109 3,324,046 27,800 SH   SOLE   20,400 0 7,400
PROLOGIS TR COM 74340W103 1,031,297 11,050 SH   SOLE   8,150 0 2,900
PRUDENTIAL FINL INC COM 744320102 849,555 13,950 SH   SOLE   10,250 0 3,700
PUBLIC STORAGE INC COM 74460D109 711,912 3,710 SH   SOLE   2,710 0 1,000
PUBLIC SVC ENTER. COM 744573106 1,637,028 33,300 SH   SOLE   27,200 0 6,100
QUAKER CHEM CORP COM 747316107 83,543 450 SH   SOLE   450 0 0
QUALCOMM INC. COM 747525103 1,477,602 16,200 SH   SOLE   12,000 0 4,200
RAYONIER INC COM COM 754907103 61,975 2,500 SH   SOLE   2,500 0 0
RAYTHEON TECHNOLOGIES COR COM 75513E101 425,178 6,900 SH   SOLE   5,100 0 1,800
RBC BEARINGS INC COM 75524B104 160,848 1,200 SH   SOLE   1,200 0 0
RECKITT BENCKISER GROUP P COM 00B24CGK7 1,238,876 13,491 SH   SOLE   1,500 0 11,991
RECRUIT HOLDINGS CO LTD COM 00BQRRZ00 1,406,112 41,200 SH   SOLE   4,000 0 37,200
REGENERON PHARM. COM 75886F107 623,650 1,000 SH   SOLE   1,000 0 0
REGIONS FINANCIAL CORP COM 7591EP100 683,991 61,510 SH   SOLE   45,210 0 16,300
RELIANCE STEEL & ALUM COM 759509102 930,314 9,800 SH   SOLE   7,200 0 2,600
RENTOKIL INITIAL PLC COM 00B082RF1 1,250,194 198,550 SH   SOLE   20,150 0 178,400
ROCHE HOLDING AG-GENUSSCH COM 007110388 1,102,990 3,183 SH   SOLE   370 0 2,813
ROCKWELL INT'L COM 773903109 1,171,500 5,500 SH   SOLE   4,000 0 1,500
ROYAL BANK OF CANADA COM 002754383 499,098 7,380 SH   SOLE   730 0 6,650
S & T BANCORP INC COM 783859101 51,590 2,200 SH   SOLE   2,200 0 0
SAFRAN SA COM 00B058TZ6 435,902 4,350 SH   SOLE   650 0 3,700
SALESFORCE COM INC COM 79466L302 1,105,247 5,900 SH   SOLE   5,900 0 0
SANTEN PHARMACEUTICAL CO COM 006776606 1,233,344 67,100 SH   SOLE   9,100 0 58,000
SAP AG COM 004846288 1,603,930 11,487 SH   SOLE   1,170 0 10,317
SARTORIUS AG-VORZUG COM 005843329 2,136,119 6,500 SH   SOLE   650 0 5,850
SEMPRA ENERGY COM 816851109 726,826 6,200 SH   SOLE   4,600 0 1,600
SERVICE CORP INT'L COM 817565104 85,558 2,200 SH   SOLE   2,200 0 0
SHENANDOAH TELECOMM COM 82312B106 115,832 2,350 SH   SOLE   2,350 0 0
SHIMANO INC COM 006804820 577,003 3,000 SH   SOLE   0 0 3,000
SHIN-ETSU CHEMICAL CO LTD COM 006804585 852,236 7,300 SH   SOLE   900 0 6,400
SHISEIDO CO LTD COM 006805265 506,836 8,000 SH   SOLE   1,000 0 7,000
SHOPIFY INC. CL A COM 00BX865C7 3,267,039 3,450 SH   SOLE   350 0 3,100
SHUTTERSTOCK INC COM 825690100 66,443 1,900 SH   SOLE   1,900 0 0
SIMON PPTY GP COM 828806109 376,774 5,510 SH   SOLE   4,010 0 1,500
SINCLAIR BRDCASTinG GRP COM 829226109 43,381 2,350 SH   SOLE   2,350 0 0
SLEEP NUMBER CORP. COM 83125X103 87,444 2,100 SH   SOLE   2,100 0 0
SMC CORP COM 006763965 511,471 1,000 SH   SOLE   0 0 1,000
SODEXO COM 007062713 397,433 5,878 SH   SOLE   900 0 4,978
SONOVA HOLDING AG-REG COM 007156036 602,853 3,020 SH   SOLE   302 0 2,718
SONY FINANCIAL HOLDINGS I COM 00B249SN5 1,120,888 46,600 SH   SOLE   5,200 0 41,400
SOUTHERN CO. COM 842587107 814,045 15,700 SH   SOLE   11,500 0 4,200
SOUTHWEST AIRLINES COM 844741108 193,117 5,650 SH   SOLE   5,650 0 0
SPECTRUM BRANDS HDGS COM 84790A105 62,080 1,353 SH   SOLE   985 0 368
SPIRAX-SARCO ENGINEERING COM 00BWFGQN1 1,201,819 9,750 SH   SOLE   1,000 0 8,750
STAG INDUSTRIAL INC COM 85254J102 221,366 7,550 SH   SOLE   7,550 0 0
STANDARD CHARTERED PLC COM 000408284 358,530 65,932 SH   SOLE   6,700 0 59,232
STANLEY ELECTRIC CO LTD COM 006841106 423,340 17,600 SH   SOLE   1,900 0 15,700
STEEL DYNAMICS INC COM 858119100 140,886 5,400 SH   SOLE   5,400 0 0
STRYKER CORP. COM 863667101 774,817 4,300 SH   SOLE   3,200 0 1,100
SUMITOMO METAL MINING CO COM 006858849 502,035 18,000 SH   SOLE   2,000 0 16,000
SUNCOR ENERGY INC COM 00B3NB1P2 300,998 17,910 SH   SOLE   1,810 0 16,100
SYMRISE AG COM 00B1JB4K8 784,661 6,750 SH   SOLE   700 0 6,050
SYNCHRONY FINANCIAL COM 87165B103 579,484 26,150 SH   SOLE   19,250 0 6,900
SYSCO COM 871829107 681,610 12,470 SH   SOLE   9,120 0 3,350
T-MOBILE US INC COM 872590104 135,395 1,300 SH   SOLE   1,300 0 0
T-MOBILE, RTS EXP 7/27/20 COM 872590112 218 1,300 SH   SOLE   1,300 0 0
TARGET CORP. COM 87612E106 1,223,286 10,200 SH   SOLE   7,500 0 2,700
TE CONNECTIVITY LTD ADR H84989104 527,629 6,470 SH   SOLE   670 0 5,800
TELEFONICA BRASIL-ADR COM 87936R106 385,144 43,470 SH   SOLE   4,420 0 39,050
TERADYNE INC. COM 880770102 1,064,826 12,600 SH   SOLE   12,600 0 0
TERUMO CORP COM 006885074 673,326 17,800 SH   SOLE   2,000 0 15,800
TESLA MOTORS COM 88160R101 809,858 750 SH   SOLE   750 0 0
TEXAS INSTRS INC. COM 882508104 1,112,257 8,760 SH   SOLE   6,460 0 2,300
TEXAS ROADHOUSE INC COM 882681109 412,675 7,850 SH   SOLE   7,850 0 0
THERMO FISHER SCIENTIFIC COM 883556102 1,601,543 4,420 SH   SOLE   3,120 0 1,300
TJX COMPANIES INC. COM 872540109 855,475 16,920 SH   SOLE   12,420 0 4,500
TOKYO ELECTRON LTD COM 006895675 1,249,886 5,100 SH   SOLE   900 0 4,200
TRAVELERS COMPANIES COM 89417E109 473,308 4,150 SH   SOLE   4,150 0 0
TRELLEBORG AB-B SHS COM 004902384 489,214 33,600 SH   SOLE   5,200 0 28,400
TTM TECHNOLOGIES INC COM 87305R109 52,777 4,450 SH   SOLE   4,450 0 0
TWO HARBORS INVESTMENT CO COM 90187B408 351,540 69,750 SH   SOLE   51,250 0 18,500
TYSON FOOD CL A COM 902494103 656,810 11,000 SH   SOLE   8,100 0 2,900
UBS AG-REG COM 00BRJL176 941,981 81,850 SH   SOLE   8,300 0 73,550
UMICORE COM 00BF44466 593,097 12,600 SH   SOLE   1,300 0 11,300
UNION PACIFIC CORP. COM 907818108 896,071 5,300 SH   SOLE   3,900 0 1,400
UNITED HEALTHCARE COM 91324P102 1,340,548 4,545 SH   SOLE   3,545 0 1,000
UNITED OVERSEAS BANK LTD COM 006916781 406,036 28,000 SH   SOLE   2,850 0 25,150
UNUMPROVIDENT COM 91529Y106 457,386 27,570 SH   SOLE   20,220 0 7,350
US ECOLOGY INC COM 91734M103 55,902 1,650 SH   SOLE   1,650 0 0
V F CORP. COM 918204108 618,541 10,150 SH   SOLE   7,450 0 2,700
VALERO ENERGY NEW COM 91913Y100 642,314 10,920 SH   SOLE   8,020 0 2,900
VERISK ANALYTICS INC COM 92345Y106 893,550 5,250 SH   SOLE   5,250 0 0
VERIZON COMM. COM 92343V104 2,282,382 41,400 SH   SOLE   30,400 0 11,000
VIACOMCBS INC. B COM 92556H206 411,598 17,650 SH   SOLE   12,950 0 4,700
VISA INC COM 92826C839 3,003,794 15,550 SH   SOLE   13,550 0 2,000
VOYA FINANCIAL INC. COM 929089100 891,948 19,120 SH   SOLE   14,820 0 4,300
VULCAN MATLS COM 929160109 1,211,791 10,460 SH   SOLE   8,760 0 1,700
WAL MART STORES INC. COM 931142103 2,000,326 16,700 SH   SOLE   11,500 0 5,200
WASTE MGMT INC DEL. COM 94106L109 801,739 7,570 SH   SOLE   5,570 0 2,000
WATERS CORP. COM 941848103 216,480 1,200 SH   SOLE   1,200 0 0
WD-40 CO COM 929236107 495,750 2,500 SH   SOLE   2,500 0 0
WEIR GROUP PLC COM 000946580 408,016 31,050 SH   SOLE   3,150 0 27,900
WELLS FARGO & CO COM 949746101 1,254,400 49,000 SH   SOLE   36,700 0 12,300
WILLIAMS COS. COM 969457100 709,446 37,300 SH   SOLE   27,300 0 10,000
WOLTERS KLUWER COM 005671519 687,116 8,800 SH   SOLE   900 0 7,900
WORKDAY INC-CL. A COM 98138H101 355,984 1,900 SH   SOLE   1,900 0 0
WSFS FINL CORP COM 929328102 114,800 4,000 SH   SOLE   4,000 0 0
XPO LOGISTICS INC COM 983793100 69,525 900 SH   SOLE   900 0 0
YAHOO JAPAN CORP COM 006084848 1,015,580 208,300 SH   SOLE   29,400 0 178,900
YAMAHA MOTOR CO LTD COM 006985264 406,804 26,000 SH   SOLE   3,000 0 23,000
ZION BANCORP COM 989701107 253,300 7,450 SH   SOLE   7,450 0 0
ZOETIS INC COM 98978V103 1,778,779 12,980 SH   SOLE   10,880 0 2,100