American National 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ABB Ltd-Spon ADR	COM	000375204	653	34,350	SH		SOLE		34,350	0	0
Abbott Labs	COM	002824100	9,778	135,190	SH		SOLE		135,190	0	0
Abbvie Inc	COM	00287Y109	12,906	139,990	SH		SOLE		139,990	0	0
Accenture PLC CL A	COM	G1151C101	5,959	42,260	SH		SOLE		42,260	0	0
Activision Blizzard Inc	COM	00507V109	4,371	93,855	SH		SOLE		93,855	0	0
Adidas AG	COM	00687A107	542	5,200	SH		SOLE		5,200	0	0
Adobe Inc	COM	00724F101	17,704	78,254	SH		SOLE		78,254	0	0
Air Products & Chemicals, Inc.	COM	009158106	4,202	26,255	SH		SOLE		26,255	0	0
Albemarle Corp	COM	012653101	3,126	40,565	SH		SOLE		40,565	0	0
Alexion Pharmaceuticals Inc	COM	015351109	2,828	29,050	SH		SOLE		29,050	0	0
Alibaba Group Holdings	COM	01609W102	5,628	41,060	SH		SOLE		41,060	0	0
Allergan PLC	COM	G0177J108	3,352	25,080	SH		SOLE		25,080	0	0
AllianceBernstein Holding LP	COM	01881G106	216	7,900	SH		SOLE		7,900	0	0
Allstate Corp	COM	020002101	3,299	39,925	SH		SOLE		39,925	0	0
Alphabet Inc Class A	COM	02079K305	26,542	25,400	SH		SOLE		25,400	0	0
Alphabet Inc Class C	COM	02079K107	26,374	25,467	SH		SOLE		25,467	0	0
Altria Group, Inc.	COM	02209S103	14,030	284,075	SH		SOLE		284,075	0	0
Amadeus IT Group	COM	02263T104	693	9,900	SH		SOLE		9,900	0	0
Amazon.com, Inc.	COM	023135106	43,662	29,070	SH		SOLE		29,070	0	0
Ambev SA ADR	COM	02319V103	456	116,250	SH		SOLE		116,250	0	0
America Movil SA de CV ADR	COM	02364W105	385	27,050	SH		SOLE		27,050	0	0
American Campus Communities	COM	024835100	2,678	64,700	SH		SOLE		64,700	0	0
American Electric Power	COM	025537101	4,467	59,765	SH		SOLE		59,765	0	0
American Express	COM	025816109	12,442	130,525	SH		SOLE		130,525	0	0
American States Water Co	COM	029899101	2,212	33,000	SH		SOLE		33,000	0	0
Anadarko Petroleum Corp.	COM	032511107	3,275	74,700	SH		SOLE		74,700	0	0
Anheuser-Busch	COM	03524A108	5,342	81,170	SH		SOLE		81,170	0	0
Anthem Inc	COM	036752103	17,060	64,960	SH		SOLE		64,960	0	0
Apollo Global Management LLC	COM	037612306	272	11,100	SH		SOLE		11,100	0	0
Apple Inc	COM	037833100	69,452	440,295	SH		SOLE		440,295	0	0
Ares Capital Corp	COM	04010L103	252	16,200	SH		SOLE		16,200	0	0
Arthur J. Gallagher & Co.	COM	363576109	9,968	135,250	SH		SOLE		135,250	0	0
AstraZeneca Group PLC ADR	COM	046353108	1,001	26,350	SH		SOLE		26,350	0	0
AT&T Inc.	COM	00206R102	14,346	502,654	SH		SOLE		502,654	0	0
Atmos Energy Corp.	COM	049560105	1,278	13,781	SH		SOLE		13,781	0	0
AXA SA ADR	COM	054536107	567	26,300	SH		SOLE		26,300	0	0
Baidu.com	COM	056752108	480	3,025	SH		SOLE		3,025	0	0
Baker Hughes A GE Co	COM	05722G100	227	10,569	SH		SOLE		10,569	0	0
Banco Bilbao Vizcaya Argentari	COM	05946K101	321	60,716	SH		SOLE		60,716	0	0
Banco de Chile ADR	COM	059520106	428	14,952	SH		SOLE		14,952	0	0
Banco Santander Central Hispan	COM	05964H105	262	58,500	SH		SOLE		58,500	0	0
Bank of New York Mellon Corp.	COM	064058100	11,121	236,272	SH		SOLE		236,272	0	0
Barclays PLC ADR	COM	06738E204	261	34,600	SH		SOLE		34,600	0	0
BASF SE ADR	COM	055262505	998	57,800	SH		SOLE		57,800	0	0
BB&T Corporation	COM	054937107	4,124	95,190	SH		SOLE		95,190	0	0
Becton Dickinson and Co	COM	075887109	1,598	7,091	SH		SOLE		7,091	0	0
BHP Billiton Ltd. ADR	COM	088606108	1,085	22,475	SH		SOLE		22,475	0	0
Biomarin Pharmaceutical Inc	COM	09061G101	2,392	28,095	SH		SOLE		28,095	0	0
Blackstone Group LP	COM	09253U108	1,585	53,155	SH		SOLE		53,155	0	0
Bloomin Brands Inc	COM	094235108	3,315	185,325	SH		SOLE		185,325	0	0
Boeing Company	COM	097023105	41,103	127,450	SH		SOLE		127,450	0	0
Boston Properties Inc	COM	101121101	533	4,740	SH		SOLE		4,740	0	0
BP plc ADR	COM	055622104	2,281	60,150	SH		SOLE		60,150	0	0
Brambles LTD	COM	105105209	552	39,000	SH		SOLE		39,000	0	0
Brighthouse Financial Inc	COM	10922N103	426	13,983	SH		SOLE		13,983	0	0
British American Tob SP ADR	COM	110448107	779	24,450	SH		SOLE		24,450	0	0
Broadcom Inc	COM	11135f101	7,555	29,713	SH		SOLE		29,713	0	0
Callon Petroleum Co	COM	13123X102	2,485	382,915	SH		SOLE		382,915	0	0
Canadian Solar Inc	COM	136635109	191	13,325	SH		SOLE		13,325	0	0
Capital One Financial	COM	14040H105	6,325	83,675	SH		SOLE		83,675	0	0
Carrizo Oil & Gas Inc	COM	144577103	874	77,410	SH		SOLE		77,410	0	0
Caterpillar Inc.	COM	149123101	5,945	46,785	SH		SOLE		46,785	0	0
Celgene Corp.	COM	151020104	5,547	86,545	SH		SOLE		86,545	0	0
Cemex SAB de CV ADR	COM	151290889	84	17,486	SH		SOLE		17,486	0	0
CenturyLink Inc	COM	156700106	205	13,500	SH		SOLE		13,500	0	0
CGI Inc	COM	12532h104	730	11,925	SH		SOLE		11,925	0	0
Charles Schwab Corp.	COM	808513105	11,396	274,400	SH		SOLE		274,400	0	0
Chart Industries Inc	COM	16115Q308	4,661	71,680	SH		SOLE		71,680	0	0
Cheniere Energy Inc	COM	16411R208	6,868	116,032	SH		SOLE		116,032	0	0
Chevron Corp.	COM	166764100	16,149	148,445	SH		SOLE		148,445	0	0
Church & Dwight Co.	COM	171340102	12,005	182,560	SH		SOLE		182,560	0	0
Cielo SA	COM	171778202	183	79,725	SH		SOLE		79,725	0	0
Cigna Corp	COM	125523100	3,559	18,742	SH		SOLE		18,742	0	0
Cincinnati Financial	COM	172062101	1,123	14,500	SH		SOLE		14,500	0	0
Cinemark Holdings Inc.	COM	17243V102	644	18,000	SH		SOLE		18,000	0	0
Cisco Systems	COM	17275R102	19,134	441,585	SH		SOLE		441,585	0	0
Citigroup Inc.	COM	172967424	9,915	190,455	SH		SOLE		190,455	0	0
CK Hutchison Holdings Limited	COM	12562Y100	898	94,694	SH		SOLE		94,694	0	0
CMS Energy Corp.	COM	125896100	5,887	118,560	SH		SOLE		118,560	0	0
Coca-Cola	COM	191216100	724	15,300	SH		SOLE		15,300	0	0
Cognizant Tech Solutions Corp.	COM	192446102	4,572	72,017	SH		SOLE		72,017	0	0
Columbia Sportswear Co	COM	198516106	6,744	80,200	SH		SOLE		80,200	0	0
Comcast Corp	COM	20030N101	10,980	322,475	SH		SOLE		322,475	0	0
Comerica, Inc.	COM	200340107	1,305	19,000	SH		SOLE		19,000	0	0
Constellation Brands	COM	21036P108	10,650	66,225	SH		SOLE		66,225	0	0
Continental Resources Inc	COM	212015101	3,551	88,355	SH		SOLE		88,355	0	0
Corning Inc.	COM	219350105	5,374	177,880	SH		SOLE		177,880	0	0
Costco Co.	COM	22160K105	8,621	42,320	SH		SOLE		42,320	0	0
Covanta Holding Corp	COM	22282E102	282	21,050	SH		SOLE		21,050	0	0
Crown Castle International Cor	COM	22822V101	7,072	65,105	SH		SOLE		65,105	0	0
CTRIP.COM International ADR	COM	22943F100	303	11,200	SH		SOLE		11,200	0	0
Cummins Inc	COM	231021106	5,164	38,640	SH		SOLE		38,640	0	0
CVS Health Corp	COM	126650100	8,207	125,254	SH		SOLE		125,254	0	0
Daimler AG ADR	COM	D1668R123	855	16,200	SH		SOLE		16,200	0	0
Danaher Corp.	COM	235851102	16,370	158,750	SH		SOLE		158,750	0	0
Danone ADR	COM	23636T100	520	37,000	SH		SOLE		37,000	0	0
Darden Restaurants Inc.	COM	237194105	11,548	115,645	SH		SOLE		115,645	0	0
Davita Inc	COM	23918K108	4,881	94,850	SH		SOLE		94,850	0	0
Delek US Holding Inc	COM	24665A103	3,518	108,223	SH		SOLE		108,223	0	0
Deutsche Post AG ADR	COM	25157Y202	273	10,000	SH		SOLE		10,000	0	0
Diageo PLC ADR	COM	25243Q205	1,606	11,325	SH		SOLE		11,325	0	0
Diamondback Energy Inc	COM	25278X109	2,116	22,828	SH		SOLE		22,828	0	0
Digital Realty	COM	253868103	639	6,000	SH		SOLE		6,000	0	0
Discovery Inc	COM	25470F104	4,331	175,050	SH		SOLE		175,050	0	0
Dollar General	COM	256677105	7,360	68,100	SH		SOLE		68,100	0	0
Dominion Energy Inc	COM	25746U109	3,473	48,600	SH		SOLE		48,600	0	0
DowDuPont Inc	COM	26078J100	3,865	72,271	SH		SOLE		72,271	0	0
Duke Energy Corp.	COM	26441C204	6,784	78,615	SH		SOLE		78,615	0	0
Duke Realty Corp.	COM	264411505	1,935	74,700	SH		SOLE		74,700	0	0
Eagle Materials Inc	COM	26969P108	2,653	43,465	SH		SOLE		43,465	0	0
Edison Int'l	COM	281020107	2,215	39,025	SH		SOLE		39,025	0	0
Electronic Arts Inc.	COM	285512109	3,123	39,575	SH		SOLE		39,575	0	0
Enbridge Inc	COM	29250N105	1,607	51,697	SH		SOLE		51,697	0	0
ENI SPA ADR	COM	26874R108	708	22,475	SH		SOLE		22,475	0	0
Enterprise Products Partners L	COM	293792107	821	33,400	SH		SOLE		33,400	0	0
EOG Resources	COM	26875P101	7,609	87,250	SH		SOLE		87,250	0	0
EPAM Systems Inc	COM	29414B104	4,954	42,700	SH		SOLE		42,700	0	0
EPR Properties	COM	26884U109	2,822	44,080	SH		SOLE		44,080	0	0
Equity Residential Properties	COM	29476L107	2,241	33,950	SH		SOLE		33,950	0	0
Essex Property Trust Inc	COM	297178105	1,015	4,140	SH		SOLE		4,140	0	0
Exact Sciences Corp	COM	30063P105	10,419	165,120	SH		SOLE		165,120	0	0
Expedia Group Inc	COM	30212P303	3,995	35,460	SH		SOLE		35,460	0	0
Exxon Mobil Corp.	COM	30231G102	17,621	258,404	SH		SOLE		258,404	0	0
Facebook Inc	COM	30303M102	22,777	173,751	SH		SOLE		173,751	0	0
Fanuc Corp	COM	307305102	453	29,825	SH		SOLE		29,825	0	0
Fedex Corp.	COM	31428X106	4,705	29,165	SH		SOLE		29,165	0	0
Ferrovial SA	COM	315437103	582	28,795	SH		SOLE		28,795	0	0
Fifth Third Bancorp	COM	316773100	4,217	179,210	SH		SOLE		179,210	0	0
Flowserve Corp.	COM	34354P105	4,679	123,075	SH		SOLE		123,075	0	0
Fomento Economico Mexicana-SP	COM	344419106	615	7,150	SH		SOLE		7,150	0	0
Ford Motor Co.	COM	345370860	2,038	266,420	SH		SOLE		266,420	0	0
Fortinet Inc	COM	34959E109	7,871	111,750	SH		SOLE		111,750	0	0
Fortive Corp	COM	34959J108	5,371	79,375	SH		SOLE		79,375	0	0
Four Corners Property Trust In	COM	35086T109	1,328	50,706	SH		SOLE		50,706	0	0
Freeport-McMoRan Inc	COM	35671D857	139	13,500	SH		SOLE		13,500	0	0
Galapagos NV	COM	36315X101	321	3,500	SH		SOLE		3,500	0	0
Garrett Motion Inc	COM	366505105	141	11,419	SH		SOLE		11,419	0	0
General Electric Co.	COM	369604103	5,907	780,375	SH		SOLE		780,375	0	0
General Motors Inc	COM	37045V100	3,631	108,545	SH		SOLE		108,545	0	0
Getinge AB	COM	37427X104	302	33,475	SH		SOLE		33,475	0	0
Gilead Science Inc	COM	375558103	6,453	103,165	SH		SOLE		103,165	0	0
GlaxoSmithKline plc ADR	COM	37733W105	1,259	32,950	SH		SOLE		32,950	0	0
Goldcorp Inc	COM	380956409	3,098	316,145	SH		SOLE		316,145	0	0
Goldman Sachs Group	COM	38141G104	9,839	58,900	SH		SOLE		58,900	0	0
Grifols SA ADR	COM	398438408	397	21,650	SH		SOLE		21,650	0	0
Grupo Televisa SA ADR	COM	40049J206	137	10,925	SH		SOLE		10,925	0	0
Guidewire Software Inc	COM	40171V100	4,469	55,700	SH		SOLE		55,700	0	0
Halliburton Co.	COM	406216101	3,665	137,895	SH		SOLE		137,895	0	0
HCP Inc	COM	40414L109	981	35,140	SH		SOLE		35,140	0	0
Hitachi Ltd. ADR	COM	433578507	508	9,500	SH		SOLE		9,500	0	0
Hologic Inc	COM	436440101	822	20,000	SH		SOLE		20,000	0	0
Home Depot, Inc.	COM	437076102	32,536	189,360	SH		SOLE		189,360	0	0
Honda Motor Co Ltd. ADR	COM	438128308	1,378	52,100	SH		SOLE		52,100	0	0
Honeywell International, Inc.	COM	438516106	15,087	114,190	SH		SOLE		114,190	0	0
Host Hotels & Resorts Inc.	COM	44107P104	7,165	429,805	SH		SOLE		429,805	0	0
HP Inc	COM	40434L105	341	16,650	SH		SOLE		16,650	0	0
HSBC Holdings ADR	COM	404280406	588	14,300	SH		SOLE		14,300	0	0
Icahn Enterprises LP	COM	451100101	317	5,550	SH		SOLE		5,550	0	0
Icon PLC ADR	COM	G4705A100	956	7,400	SH		SOLE		7,400	0	0
Infineon Technologies ADR	COM	45662N103	731	36,825	SH		SOLE		36,825	0	0
Infosys Ltd ADR	COM	456788108	2,963	311,200	SH		SOLE		311,200	0	0
Ingenico Group	COM	45684W107	209	18,475	SH		SOLE		18,475	0	0
Intel Corp.	COM	458140100	15,677	334,055	SH		SOLE		334,055	0	0
International Business Machine	COM	459200101	1,928	16,962	SH		SOLE		16,962	0	0
Intesa Sanpaolo ADR	COM	46115H107	145	10,899	SH		SOLE		10,899	0	0
Iqiyi Inc	COM	46267X108	171	11,475	SH		SOLE		11,475	0	0
Iron Mountain Inc.	COM	46284V101	6,548	202,035	SH		SOLE		202,035	0	0
Itau Unibanco Holding SA ADR	COM	465562106	455	49,808	SH		SOLE		49,808	0	0
JD.com Inc	COM	47215P106	2,446	116,850	SH		SOLE		116,850	0	0
Johnson & Johnson	COM	478160104	26,410	204,650	SH		SOLE		204,650	0	0
JPMorgan Chase & Co.	COM	46625H100	30,278	310,157	SH		SOLE		310,157	0	0
Kellogg Co.	COM	487836108	2,088	36,620	SH		SOLE		36,620	0	0
Kimco Realty Corp.	COM	49446R109	725	49,475	SH		SOLE		49,475	0	0
Kinder Morgan Inc.	COM	49456B101	1,473	95,802	SH		SOLE		95,802	0	0
Kingfisher PLC ADR	COM	495724403	137	26,000	SH		SOLE		26,000	0	0
Kirin Holdings Co ADR	COM	497350306	698	33,300	SH		SOLE		33,300	0	0
KKR & Co Inc	COM	48251w104	308	15,700	SH		SOLE		15,700	0	0
Koninklijke Ahold Delhaize NV	COM	500467501	377	14,953	SH		SOLE		14,953	0	0
Koninklijke Philips NV ADR	COM	500472303	298	8,500	SH		SOLE		8,500	0	0
Korea Electric Power Corp	COM	500631106	458	31,075	SH		SOLE		31,075	0	0
Kroger Co	COM	501044101	5,811	211,300	SH		SOLE		211,300	0	0
Kubota Corp-Spon ADR	COM	501173207	347	4,875	SH		SOLE		4,875	0	0
Las Vegas Sands	COM	517834107	243	4,675	SH		SOLE		4,675	0	0
Liberty Property Trust	COM	531172104	1,761	42,040	SH		SOLE		42,040	0	0
Lilly (Eli) & Co.	COM	532457108	16,267	140,570	SH		SOLE		140,570	0	0
Logitech International SA ADR	COM	H50430232	1,314	42,020	SH		SOLE		42,020	0	0
Lowe's Co.	COM	548661107	21,046	227,870	SH		SOLE		227,870	0	0
Luxottica Group SPA ADR	COM	55068R202	426	7,200	SH		SOLE		7,200	0	0
Lyondellbassel Industries N.V.	COM	N53745100	2,886	34,700	SH		SOLE		34,700	0	0
Macerich Co.	COM	554382101	937	21,659	SH		SOLE		21,659	0	0
Mack-Cali Realty Corp.	COM	554489104	235	12,000	SH		SOLE		12,000	0	0
Marathon Petroleum Corp.	COM	56585A102	3,710	62,872	SH		SOLE		62,872	0	0
Marriott International	COM	571903202	7,912	72,880	SH		SOLE		72,880	0	0
Marriott Vacation World	COM	57164Y107	456	6,473	SH		SOLE		6,473	0	0
Marsh & McLennan Companies, In	COM	571748102	16,218	203,360	SH		SOLE		203,360	0	0
McCormick & Co.	COM	579780206	11,778	84,585	SH		SOLE		84,585	0	0
McDonald's Corp.	COM	580135101	15,212	85,665	SH		SOLE		85,665	0	0
Mckesson HBOC Inc.	COM	58155Q103	1,587	14,370	SH		SOLE		14,370	0	0
Medtronic Inc	COM	G5960L103	6,726	73,945	SH		SOLE		73,945	0	0
Mercadolibre Inc ADR	COM	58733R102	1,691	5,775	SH		SOLE		5,775	0	0
Merck & Co., Inc.	COM	58933Y105	16,725	218,890	SH		SOLE		218,890	0	0
Metlife Inc	COM	59156R108	6,316	153,835	SH		SOLE		153,835	0	0
Micron Technology Inc.	COM	595112103	3,225	101,650	SH		SOLE		101,650	0	0
Microsoft Corp	COM	594918104	61,902	609,448	SH		SOLE		609,448	0	0
Minerals Technologies Inc	COM	603158106	2,646	51,540	SH		SOLE		51,540	0	0
Mitsubishi UFJ Financial Group	COM	606822104	1,201	246,550	SH		SOLE		246,550	0	0
Mitsui & Co Ltd-Spons ADR	COM	606827202	439	1,425	SH		SOLE		1,425	0	0
Mohawk Industries Inc.	COM	608190104	2,128	18,195	SH		SOLE		18,195	0	0
Molson Coors Brewing Company	COM	60871R209	5,314	94,630	SH		SOLE		94,630	0	0
Momo Inc	COM	60879B107	223	9,375	SH		SOLE		9,375	0	0
Morgan Stanley, Dean Witter, D	COM	617446448	7,173	180,900	SH		SOLE		180,900	0	0
MRC Global Inc	COM	55345K103	1,857	151,850	SH		SOLE		151,850	0	0
National Grid PLC	COM	636274409	451	9,400	SH		SOLE		9,400	0	0
Netflix Inc	COM	64110L106	8,848	33,055	SH		SOLE		33,055	0	0
New York Community Bancorp	COM	649445103	95	10,100	SH		SOLE		10,100	0	0
NextEra Energy Inc	COM	65339F101	6,920	39,810	SH		SOLE		39,810	0	0
NICE Ltd ADR	COM	653656108	752	6,950	SH		SOLE		6,950	0	0
Nintendo Co Ltd	COM	654445303	311	9,325	SH		SOLE		9,325	0	0
Nippon Telegraph & Telephone C	COM	654624105	2,568	62,850	SH		SOLE		62,850	0	0
Nisource Inc.	COM	65473P105	4,177	164,780	SH		SOLE		164,780	0	0
Nokia Corp ADR	COM	654902204	502	86,225	SH		SOLE		86,225	0	0
Norsk Hydro ASA ADR	COM	656531605	91	20,000	SH		SOLE		20,000	0	0
Northrop Grumman Corp.	COM	666807102	12,217	49,885	SH		SOLE		49,885	0	0
Novartis ADR	COM	66987V109	2,883	33,600	SH		SOLE		33,600	0	0
Novo Nordisk ADR	COM	670100205	2,856	62,000	SH		SOLE		62,000	0	0
Nutrien LTD	COM	67077M108	4,135	87,972	SH		SOLE		87,972	0	0
NVIDIA Corp.	COM	67066G104	5,400	40,450	SH		SOLE		40,450	0	0
Omega Healthcare Investors	COM	681936100	317	9,025	SH		SOLE		9,025	0	0
Oracle Corp.	COM	68389X105	10,948	242,484	SH		SOLE		242,484	0	0
Outfront Media Inc	COM	69007J106	235	12,950	SH		SOLE		12,950	0	0
Pacwest Bancorp	COM	695263103	211	6,350	SH		SOLE		6,350	0	0
Palo Alto Networks Inc	COM	697435105	3,360	17,840	SH		SOLE		17,840	0	0
Panasonic Corp ADR	COM	69832A205	562	62,200	SH		SOLE		62,200	0	0
Parsley Energy Inc	COM	701877102	1,297	81,185	SH		SOLE		81,185	0	0
Pattern Energy Group Inc	COM	70338P100	215	11,550	SH		SOLE		11,550	0	0
PepsiCo, Inc.	COM	713448108	13,632	123,390	SH		SOLE		123,390	0	0
Pfizer, Inc.	COM	717081103	21,323	488,492	SH		SOLE		488,492	0	0
Philip Morris International In	COM	718172109	2,521	37,760	SH		SOLE		37,760	0	0
Plains All American Pipeline L	COM	726503105	238	11,865	SH		SOLE		11,865	0	0
PNC Financial Services Group	COM	693475105	16,570	141,734	SH		SOLE		141,734	0	0
PPG Industries, Inc.	COM	693506107	680	6,650	SH		SOLE		6,650	0	0
PPL Corp.	COM	69351T106	1,902	67,130	SH		SOLE		67,130	0	0
Prada SPA ADR	COM	73942H100	205	31,100	SH		SOLE		31,100	0	0
Principal Financial Group	COM	74251V102	5,410	122,490	SH		SOLE		122,490	0	0
Procter & Gamble Inc	COM	742718109	24,552	267,100	SH		SOLE		267,100	0	0
Prologis Trust	COM	74340W103	8,034	136,820	SH		SOLE		136,820	0	0
Prudential Financial, Inc.	COM	744320102	8,624	105,745	SH		SOLE		105,745	0	0
PTC Inc	COM	69370C100	4,822	58,164	SH		SOLE		58,164	0	0
Public Service Enterprise Grou	COM	744573106	2,009	38,600	SH		SOLE		38,600	0	0
Qualcomm Inc.	COM	747525103	5,400	94,882	SH		SOLE		94,882	0	0
Quest Diagnostics Inc	COM	74834L100	903	10,850	SH		SOLE		10,850	0	0
Red Hat Inc.	COM	756577102	7,581	43,160	SH		SOLE		43,160	0	0
Regions Financial Corp.	COM	7591EP100	249	18,610	SH		SOLE		18,610	0	0
Repsol SA ADR	COM	76026T205	188	11,700	SH		SOLE		11,700	0	0
Resideo Technologies Inc	COM	76118Y104	391	19,031	SH		SOLE		19,031	0	0
Rexnord Corp	COM	76169B102	2,885	125,710	SH		SOLE		125,710	0	0
RingCentral Inc	COM	76680R206	9,098	110,360	SH		SOLE		110,360	0	0
Roche Holdings Ltd-Spons ADR	COM	771195104	904	29,300	SH		SOLE		29,300	0	0
Royal Dutch Shell PLC ADR	COM	780259206	1,454	24,950	SH		SOLE		24,950	0	0
Sabra Health Care REIT Inc	COM	78573L106	185	11,201	SH		SOLE		11,201	0	0
Salesforce.com Inc	COM	79466L302	8,672	63,314	SH		SOLE		63,314	0	0
Sanofi ADR	COM	80105N105	1,710	39,400	SH		SOLE		39,400	0	0
Santos Ltd ADR	COM	803021807	169	44,800	SH		SOLE		44,800	0	0
SAP SE	COM	803054204	2,071	20,800	SH		SOLE		20,800	0	0
Schlumberger Ltd.	COM	806857108	6,420	177,936	SH		SOLE		177,936	0	0
Schneider Electric SE ADR	COM	80687P106	284	20,775	SH		SOLE		20,775	0	0
Seagate Technology	COM	G7945M107	355	9,200	SH		SOLE		9,200	0	0
Sealed Air Corp.	COM	81211K100	2,749	78,900	SH		SOLE		78,900	0	0
Sensata Technologies Holding P	COM	g8060n102	555	12,375	SH		SOLE		12,375	0	0
Servicenow Inc	COM	81762P102	5,105	28,671	SH		SOLE		28,671	0	0
Ship Finance Intl Ltd	COM	G81075106	194	18,400	SH		SOLE		18,400	0	0
Simon Property Group, Inc.	COM	828806109	2,213	13,172	SH		SOLE		13,172	0	0
Singapore Telecom-SP ADR	COM	82929R304	723	33,630	SH		SOLE		33,630	0	0
Splunk Inc	COM	848637104	6,039	57,600	SH		SOLE		57,600	0	0
Starbucks Corp.	COM	855244109	7,103	110,290	SH		SOLE		110,290	0	0
STMicroelect4ronics NV	COM	861012102	488	35,150	SH		SOLE		35,150	0	0
Subsea 7 Sa ADR	COM	864323100	233	23,900	SH		SOLE		23,900	0	0
Sun Hung Kai Prop Ltd	COM	86676H302	353	24,775	SH		SOLE		24,775	0	0
Swisscom AG ADR	COM	871013108	364	7,600	SH		SOLE		7,600	0	0
T Mobile US Inc	COM	872590104	3,942	61,975	SH		SOLE		61,975	0	0
Taiwan Semiconductor Manufactu	COM	874039100	2,155	58,386	SH		SOLE		58,386	0	0
Take-Two Interactive Software	COM	874054109	3,503	34,030	SH		SOLE		34,030	0	0
Target Corp.	COM	87612E106	9,952	150,575	SH		SOLE		150,575	0	0
TDK Corp. ADR	COM	872351408	274	3,900	SH		SOLE		3,900	0	0
Telenor ASA ADR	COM	87944W105	522	27,000	SH		SOLE		27,000	0	0
Tencent Holdings LTD-UNS ADR	COM	88032Q109	522	13,225	SH		SOLE		13,225	0	0
Texas Instruments	COM	882508104	6,138	64,952	SH		SOLE		64,952	0	0
The Travelers Companies, Inc.	COM	89417E109	7,199	60,116	SH		SOLE		60,116	0	0
Thermo Fisher Scientific Inc	COM	883556102	14,692	65,650	SH		SOLE		65,650	0	0
Thomson Reuters Corp	COM	884903709	562	11,642	SH		SOLE		11,642	0	0
Tokio Marine Holdings Inc ADR	COM	889094108	1,157	24,250	SH		SOLE		24,250	0	0
Total SA ADR	COM	89151E109	1,795	34,400	SH		SOLE		34,400	0	0
Total System Services	COM	891906109	6,272	77,150	SH		SOLE		77,150	0	0
Toyota Motor Corp. ADR	COM	892331307	3,331	28,700	SH		SOLE		28,700	0	0
Tractor Supply Company	COM	892356106	2,128	25,500	SH		SOLE		25,500	0	0
Transcanada Corp	COM	89353D107	486	13,605	SH		SOLE		13,605	0	0
Tupperware Brands Corp	COM	899896104	1,029	32,600	SH		SOLE		32,600	0	0
U.S. Bancorp	COM	902973304	12,589	275,467	SH		SOLE		275,467	0	0
UBS Group AG	COM	H42097107	336	27,120	SH		SOLE		27,120	0	0
Unilever PLC ADR	COM	904767704	1,914	36,640	SH		SOLE		36,640	0	0
Union Pacific	COM	907818108	8,031	58,100	SH		SOLE		58,100	0	0
United Health Group Inc.	COM	91324P102	27,708	111,225	SH		SOLE		111,225	0	0
United Parcel Services Cl B	COM	911312106	9,626	98,700	SH		SOLE		98,700	0	0
United Technologies	COM	913017109	14,061	132,053	SH		SOLE		132,053	0	0
Valero Energy Corp.	COM	91913Y100	3,109	41,475	SH		SOLE		41,475	0	0
Verizon Communications Inc	COM	92343V104	14,633	260,273	SH		SOLE		260,273	0	0
Vertex Pharmaceuticals Inc	COM	92532F100	4,644	28,025	SH		SOLE		28,025	0	0
Visa Inc	COM	92826C839	9,988	75,698	SH		SOLE		75,698	0	0
Vulcan Materials	COM	929160109	2,649	26,810	SH		SOLE		26,810	0	0
Walgreens Boots Alliance Inc	COM	931427108	7,168	104,905	SH		SOLE		104,905	0	0
Walmart Stores Inc	COM	931142103	13,797	148,120	SH		SOLE		148,120	0	0
Walt Disney Co.	COM	254687106	15,019	136,975	SH		SOLE		136,975	0	0
Weibo Corp	COM	948596101	282	4,825	SH		SOLE		4,825	0	0
Wells Fargo Co.	COM	949746101	14,243	309,093	SH		SOLE		309,093	0	0
Welltower Inc	COM	95040Q104	1,262	18,180	SH		SOLE		18,180	0	0
Western Digital	COM	958102105	2,609	70,575	SH		SOLE		70,575	0	0
Westpac Banking Corp. Ltd ADR	COM	961214301	2,655	152,000	SH		SOLE		152,000	0	0
Williams Cos.	COM	969457100	639	29,000	SH		SOLE		29,000	0	0
WNS Holdings LTD	COM	92932M101	4,752	115,175	SH		SOLE		115,175	0	0
WPP PLC ADR	COM	92937A102	323	5,900	SH		SOLE		5,900	0	0
Wright Medical Group NV	COM	N96617118	562	20,650	SH		SOLE		20,650	0	0
Yum China Holdings Inc	COM	98850P109	534	15,925	SH		SOLE		15,925	0	0
YY Inc	COM	98426T106	263	4,400	SH		SOLE		4,400	0	0
Zoetis	COM	98978V103	7,339	85,795	SH		SOLE		85,795	0	0
Tidewater Inc-wts	COM	88642R133	258	7,643	SH		SOLE		7,643	0	0
Wisdomtree Emerging Markets Hi	COM	97717W315	678	16,900	SH		SOLE		16,900	0	0