The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 | 32,234 | 206,640 | SH | SOLE | 206,640 | 0 | 0 | ||
| Altria Group Inc. | COM | 02209S103 | 26,086 | 664,600 | SH | SOLE | 664,600 | 0 | 0 | ||
| AT&T Inc. | COM | 00206R102 | 45,188 | 1,494,790 | SH | SOLE | 1,494,790 | 0 | 0 | ||
| Bank of America Corp. | COM | 060505104 | 12,050 | 507,358 | SH | SOLE | 507,358 | 0 | 0 | ||
| BCE Inc. | COM | 05534B760 | 48,724 | 1,166,480 | SH | SOLE | 1,166,480 | 0 | 0 | ||
| BOEING CO/THE | COM | 097023105 | 509 | 2,775 | SH | SOLE | 2,775 | 0 | 0 | ||
| BorgWarner Inc. | COM | 099724106 | 244 | 6,905 | SH | SOLE | 6,905 | 0 | 0 | ||
| Bristol-Myers Squibb Co. | COM | 110122108 | 848 | 14,420 | SH | SOLE | 14,420 | 0 | 0 | ||
| Chevron Corp. | COM | 166764100 | 48,253 | 540,770 | SH | SOLE | 540,770 | 0 | 0 | ||
| Chubb Ltd. | COM | H1467J104 | 45,997 | 363,266 | SH | SOLE | 363,266 | 0 | 0 | ||
| Cisco Systems Inc. | COM | 17275R102 | 52,527 | 1,126,225 | SH | SOLE | 1,126,225 | 0 | 0 | ||
| Citigroup Inc. | COM | 172967424 | 10,772 | 210,798 | SH | SOLE | 210,798 | 0 | 0 | ||
| Comtech Telecommunications Cor | COM | 205826209 | 184 | 10,875 | SH | SOLE | 10,875 | 0 | 0 | ||
| ConAgra Brands Inc | COM | 205887102 | 3,226 | 91,735 | SH | SOLE | 91,735 | 0 | 0 | ||
| ConocoPhillips | COM | 20825C104 | 17,754 | 422,514 | SH | SOLE | 422,514 | 0 | 0 | ||
| Corning Inc. | COM | 219350105 | 4,734 | 182,775 | SH | SOLE | 182,775 | 0 | 0 | ||
| Credicorp Ltd. | COM | G2519Y108 | 3,739 | 27,970 | SH | SOLE | 27,970 | 0 | 0 | ||
| CVS Healthcare Corp | COM | 126650100 | 16,597 | 255,460 | SH | SOLE | 255,460 | 0 | 0 | ||
| Dow Inc | COM | 260557103 | 29,362 | 720,351 | SH | SOLE | 720,351 | 0 | 0 | ||
| Duke Energy Corp. | COM | 26441C204 | 23,322 | 291,925 | SH | SOLE | 291,925 | 0 | 0 | ||
| DuPont De Nemour | COM | 26614N102 | 3,757 | 70,710 | SH | SOLE | 70,710 | 0 | 0 | ||
| Eaton Corp. PLC | COM | G29183103 | 4,148 | 47,420 | SH | SOLE | 47,420 | 0 | 0 | ||
| Eli Lilly & Co. | COM | 532457108 | 28,675 | 174,655 | SH | SOLE | 174,655 | 0 | 0 | ||
| Energy Select Sector SPDR Fund | COM | 81369Y506 | 18,774 | 496,000 | SH | SOLE | 496,000 | 0 | 0 | ||
| Exxon Mobil Corp. | COM | 30231G102 | 10,842 | 242,445 | SH | SOLE | 242,445 | 0 | 0 | ||
| Financial Select Sector SPDR F | COM | 81369Y605 | 44,359 | 1,917,000 | SH | SOLE | 1,917,000 | 0 | 0 | ||
| General Dynamics Corp. | COM | 369550108 | 7,726 | 51,690 | SH | SOLE | 51,690 | 0 | 0 | ||
| General Mills Inc. | COM | 370334104 | 3,157 | 51,205 | SH | SOLE | 51,205 | 0 | 0 | ||
| Genuine Parts Co. | COM | 372460105 | 47,402 | 545,097 | SH | SOLE | 545,097 | 0 | 0 | ||
| Globaltrans Investment PLC GDR | COM | 37949E204 | 4,985 | 924,930 | SH | SOLE | 924,930 | 0 | 0 | ||
| Great Western Bancorp Inc. | COM | 391416104 | 201 | 14,595 | SH | SOLE | 14,595 | 0 | 0 | ||
| Healthpeak Properties Inc | COM | 42250P103 | 32,838 | 1,191,498 | SH | SOLE | 1,191,498 | 0 | 0 | ||
| Industrial Select Sector SPDR | COM | 81369Y704 | 43,968 | 640,000 | SH | SOLE | 640,000 | 0 | 0 | ||
| Intel Corp. | COM | 458140100 | 57,085 | 954,125 | SH | SOLE | 954,125 | 0 | 0 | ||
| iShares US Telecommunications | COM | 464287713 | 557 | 20,200 | SH | SOLE | 20,200 | 0 | 0 | ||
| Johnson & Johnson | COM | 478160104 | 56,236 | 399,885 | SH | SOLE | 399,885 | 0 | 0 | ||
| Johnson Controls International | COM | G51502105 | 14,668 | 429,653 | SH | SOLE | 429,653 | 0 | 0 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 59,729 | 635,006 | SH | SOLE | 635,006 | 0 | 0 | ||
| Kimberly-Clark Corp. | COM | 494368103 | 42,074 | 297,657 | SH | SOLE | 297,657 | 0 | 0 | ||
| Las Vegas Sands Corp. | COM | 517834107 | 980 | 21,510 | SH | SOLE | 21,510 | 0 | 0 | ||
| Lowe's Cos. Inc. | COM | 548661107 | 32,074 | 237,377 | SH | SOLE | 237,377 | 0 | 0 | ||
| Manulife Financial Corp. | COM | 56501R106 | 3,450 | 253,288 | SH | SOLE | 253,288 | 0 | 0 | ||
| MasterCraft Boat Holdings Inc. | COM | 57637H103 | 257 | 13,475 | SH | SOLE | 13,475 | 0 | 0 | ||
| Mayville Engineering Co Inc | COM | 578605107 | 168 | 21,232 | SH | SOLE | 21,232 | 0 | 0 | ||
| Medtronic PLC | COM | G5960L103 | 21,531 | 234,798 | SH | SOLE | 234,798 | 0 | 0 | ||
| Merck & Co. Inc. | COM | 58933Y105 | 43,063 | 556,869 | SH | SOLE | 556,869 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 34,579 | 169,915 | SH | SOLE | 169,915 | 0 | 0 | ||
| Mondelez International Inc. | COM | 609207105 | 506 | 9,890 | SH | SOLE | 9,890 | 0 | 0 | ||
| Morgan Stanley | COM | 617446448 | 43,127 | 892,895 | SH | SOLE | 892,895 | 0 | 0 | ||
| Newmont Corp | COM | 651639106 | 727 | 11,770 | SH | SOLE | 11,770 | 0 | 0 | ||
| NextEra Energy Inc | COM | 65339F101 | 50,653 | 210,903 | SH | SOLE | 210,903 | 0 | 0 | ||
| Oracle Corp. | COM | 68389X105 | 702 | 12,705 | SH | SOLE | 12,705 | 0 | 0 | ||
| Permian Basin Royalty Trust | COM | 714236106 | 41 | 12,380 | SH | SOLE | 12,380 | 0 | 0 | ||
| Pfizer Inc. | COM | 717081103 | 47,165 | 1,442,348 | SH | SOLE | 1,442,348 | 0 | 0 | ||
| Philip Morris International In | COM | 718172109 | 49,903 | 712,290 | SH | SOLE | 712,290 | 0 | 0 | ||
| PPL Corp. | COM | 69351T106 | 3,775 | 146,085 | SH | SOLE | 146,085 | 0 | 0 | ||
| Raytheon Technologies Corp. | COM | 75513E101 | 47,344 | 768,324 | SH | SOLE | 768,324 | 0 | 0 | ||
| Samsung Electronics GDR | COM | 796050888 | 1,136 | 1,030 | SH | SOLE | 1,030 | 0 | 0 | ||
| Steelcase Inc | COM | 858155203 | 135 | 11,195 | SH | SOLE | 11,195 | 0 | 0 | ||
| Target Corp. | COM | 87612E106 | 48,240 | 402,235 | SH | SOLE | 402,235 | 0 | 0 | ||
| Technology Select Sector SPDR | COM | 81369Y803 | 580 | 5,550 | SH | SOLE | 5,550 | 0 | 0 | ||
| The Allstate Corp. | COM | 020002101 | 674 | 6,950 | SH | SOLE | 6,950 | 0 | 0 | ||
| The PNC Financial Services Gro | COM | 693475105 | 18,412 | 175,000 | SH | SOLE | 175,000 | 0 | 0 | ||
| The Travelers Companies Inc. | COM | 89417E109 | 19,713 | 172,847 | SH | SOLE | 172,847 | 0 | 0 | ||
| The Walt Disney Co. | COM | 254687106 | 629 | 5,645 | SH | SOLE | 5,645 | 0 | 0 | ||
| Thermo Fisher Scientific Inc. | COM | 883556102 | 687 | 1,895 | SH | SOLE | 1,895 | 0 | 0 | ||
| Truist Financial Corp | COM | 89832Q109 | 12,004 | 319,693 | SH | SOLE | 319,693 | 0 | 0 | ||
| United Parcel Service Inc. | COM | 911312106 | 3,141 | 28,255 | SH | SOLE | 28,255 | 0 | 0 | ||
| Verizon Communications Inc. | COM | 92343V104 | 5,998 | 108,800 | SH | SOLE | 108,800 | 0 | 0 | ||
| Walgreens Boots Alliance Inc. | COM | 931427108 | 10,418 | 245,765 | SH | SOLE | 245,765 | 0 | 0 | ||
| Welltower Inc. | COM | 95040Q104 | 32,625 | 630,438 | SH | SOLE | 630,438 | 0 | 0 | ||
| Sonic Healthcare Ltd. | COM | Q8563C107 | 4,733 | 225,420 | SH | SOLE | 225,420 | 0 | 0 | ||
| Power Corporation of Canda | COM | 739239101 | 959 | 54,515 | SH | SOLE | 54,515 | 0 | 0 | ||
| AIA Group Ltd | COM | Y002A1105 | 5,909 | 633,400 | SH | SOLE | 633,400 | 0 | 0 | ||
| Power Assets | COM | Y7092Q109 | 4,008 | 737,000 | SH | SOLE | 737,000 | 0 | 0 | ||
| Zijin Mining Group Co. Ltd. | COM | Y9892H107 | 3,434 | 7,372,000 | SH | SOLE | 7,372,000 | 0 | 0 | ||
| PT Bank Rakyat Indonesia | COM | Y0697U112 | 827 | 3,946,000 | SH | SOLE | 3,946,000 | 0 | 0 | ||
| Nippon Telegraph & Telephone C | COM | J59396101 | 5,740 | 246,390 | SH | SOLE | 246,390 | 0 | 0 | ||
| BAE Systems PLC | COM | G06940103 | 2,151 | 359,095 | SH | SOLE | 359,095 | 0 | 0 | ||
| Britvic PLC | COM | G17387104 | 1,936 | 202,900 | SH | SOLE | 202,900 | 0 | 0 | ||
| GlaxoSmithKline PLC | COM | G3910J112 | 5,161 | 254,505 | SH | SOLE | 254,505 | 0 | 0 | ||
| Imperial Brands PLC | COM | G4721W102 | 1,357 | 71,210 | SH | SOLE | 71,210 | 0 | 0 | ||
| Smiths Group PLC | COM | G82401111 | 375 | 21,450 | SH | SOLE | 21,450 | 0 | 0 | ||
| Orkla ASA | COM | R67787102 | 106 | 12,155 | SH | SOLE | 12,155 | 0 | 0 | ||
| Ascendas India Trust | COM | Y0259C104 | 4,823 | 5,015,700 | SH | SOLE | 5,015,700 | 0 | 0 | ||
| Ascendas Real Estate Investmen | COM | Y0205X103 | 4,968 | 2,183,914 | SH | SOLE | 2,183,914 | 0 | 0 | ||
| Singapore Telecommunications L | COM | Y79985209 | 5,553 | 3,145,355 | SH | SOLE | 3,145,355 | 0 | 0 | ||
| United Overseas Bank Ltd. | COM | V96194127 | 4,860 | 334,780 | SH | SOLE | 334,780 | 0 | 0 | ||
| KT&G Corp. | COM | Y49904108 | 4,063 | 62,350 | SH | SOLE | 62,350 | 0 | 0 | ||
| Samsung Electronics Co. Ltd. - | COM | Y74718118 | 4,262 | 110,000 | SH | SOLE | 110,000 | 0 | 0 | ||
| Nestle SA | COM | H57312649 | 5,087 | 46,020 | SH | SOLE | 46,020 | 0 | 0 | ||
| Novartis AG | COM | H5820Q150 | 1,164 | 13,380 | SH | SOLE | 13,380 | 0 | 0 | ||
| Roche Holding AG | COM | H69293217 | 5,836 | 16,840 | SH | SOLE | 16,840 | 0 | 0 | ||
| Zurich Insurance Group AG | COM | H9870Y105 | 4,460 | 12,645 | SH | SOLE | 12,645 | 0 | 0 | ||
| Prologis Property Mexico | COM | P4559M101 | 5,689 | 3,181,684 | SH | SOLE | 3,181,684 | 0 | 0 | ||
| Allianz SE | COM | D03080112 | 3,706 | 18,150 | SH | SOLE | 18,150 | 0 | 0 | ||
| BNP Paribas SA | COM | F1058Q238 | 3,799 | 95,605 | SH | SOLE | 95,605 | 0 | 0 | ||
| Muenchener Ruechversicherungs | COM | D55535104 | 3,188 | 12,265 | SH | SOLE | 12,265 | 0 | 0 | ||
| OPAP SA | COM | X3232T104 | 4,718 | 497,288 | SH | SOLE | 497,288 | 0 | 0 | ||
| Sanofi | COM | F5548N101 | 5,746 | 56,425 | SH | SOLE | 56,425 | 0 | 0 | ||
| Siemens AG | COM | D69671218 | 4,079 | 34,665 | SH | SOLE | 34,665 | 0 | 0 | ||
| Smurfit Kappa Group PLC | COM | G8248F104 | 4,260 | 127,415 | SH | SOLE | 127,415 | 0 | 0 | ||
| UPM-Kymmene Oyj | COM | X9518S108 | 2,882 | 99,745 | SH | SOLE | 99,745 | 0 | 0 | ||
| ABB Ltd. (ADR) | COM | 000375204 | 3,734 | 165,520 | SH | SOLE | 165,520 | 0 | 0 | ||
| ASE Technology Holding Co. Ltd | COM | 00215W100 | 62 | 13,590 | SH | SOLE | 13,590 | 0 | 0 | ||
| British American Tobacco PLC ( | COM | 110448107 | 3,625 | 93,380 | SH | SOLE | 93,380 | 0 | 0 | ||
| Diageo PLC (ADR) | COM | 25243Q205 | 28,679 | 213,400 | SH | SOLE | 213,400 | 0 | 0 | ||
| GlaxoSmithKline PLC (ADR) | COM | 37733W105 | 820 | 20,110 | SH | SOLE | 20,110 | 0 | 0 | ||
| ICICI Bank Ltd. (ADR) | COM | 45104G104 | 4,335 | 466,586 | SH | SOLE | 466,586 | 0 | 0 | ||
| Lukoil PJSC (ADR) | COM | 69343P105 | 5,522 | 74,395 | SH | SOLE | 74,395 | 0 | 0 | ||
| MMC Norilsk Nickel PJSC (ADR) | COM | 55315J102 | 6,016 | 228,470 | SH | SOLE | 228,470 | 0 | 0 | ||
| Novartis AG (ADR) | COM | 66987V109 | 56,649 | 648,600 | SH | SOLE | 648,600 | 0 | 0 | ||
| QIWI PLC (ADR) | COM | 74735M108 | 5,423 | 313,122 | SH | SOLE | 313,122 | 0 | 0 | ||
| Sberbank of Russia PJSC (ADR) | COM | 80585Y308 | 2,740 | 241,630 | SH | SOLE | 241,630 | 0 | 0 | ||
| Siemens AG (ADR) | COM | 826197501 | 37,707 | 639,218 | SH | SOLE | 639,218 | 0 | 0 | ||
| SK Telecom Co Ltd (ADR) | COM | 78440P108 | 629 | 32,555 | SH | SOLE | 32,555 | 0 | 0 | ||
| Taiwan Semiconductor Manufactu | COM | 874039100 | 11,119 | 195,855 | SH | SOLE | 195,855 | 0 | 0 | ||
| Telefonica Brasil SA (ADR) | COM | 87936R106 | 1,935 | 218,400 | SH | SOLE | 218,400 | 0 | 0 | ||
| Total SE (ADR) | COM | 89151E109 | 3,947 | 102,615 | SH | SOLE | 102,615 | 0 | 0 | ||
| Toyota Motor Corp. (ADR) | COM | 892331307 | 971 | 7,730 | SH | SOLE | 7,730 | 0 | 0 | ||
| Unilever NV (ADR) | COM | 904784709 | 46,176 | 866,836 | SH | SOLE | 866,836 | 0 | 0 | ||