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
AbbVie Inc. COM 00287Y109 800 12,275 SH   SOLE   12,275 0 0
Abbott Laboratories COM 002824100 595 13,403 SH   SOLE   13,403 0 0
AutoNation Inc. COM 05329W102 2,970 70,226 SH   SOLE   70,226 0 0
AON PLC COM G0408V102 17,039 143,558 SH   SOLE   143,558 0 0
Apache Corp. COM 037411105 7,153 139,199 SH   SOLE   139,199 0 0
American Express COM 025816109 13,838 174,922 SH   SOLE   174,922 0 0
Baxter International Inc. COM 071813109 11,269 217,302 SH   SOLE   217,302 0 0
Becton Dickinson & Co. COM 075887109 1,156 6,300 SH   SOLE   6,300 0 0
Bunge Ltd. COM G16962105 4,414 55,684 SH   SOLE   55,684 0 0
Baker Hughes Inc. COM 057224107 6,963 116,401 SH   SOLE   116,401 0 0
Berkshire Hathaway Inc. CL B COM 084670702 2,721 16,323 SH   SOLE   16,323 0 0
British American Tobacco PLC - ADR COM 110448107 6,999 105,527 SH   SOLE   105,527 0 0
Cardinal Health Inc. COM 14149Y108 1,472 18,053 SH   SOLE   18,053 0 0
Cia Cervecerias Unidas - ADR COM 204429104 1,955 77,381 SH   SOLE   77,381 0 0
Check Point Software Technologies Ltd. COM M22465104 7,904 76,994 SH   SOLE   76,994 0 0
China Mobile HK Ltd. - ADR COM 16941M109 546 9,893 SH   SOLE   9,893 0 0
C.H. Robinson Worldwide Inc. COM 12541W209 5,170 66,886 SH   SOLE   66,886 0 0
Rockwell Collins Inc. COM 774341101 9,669 99,519 SH   SOLE   99,519 0 0
Copa Holdings SA COM P31076105 1,341 11,950 SH   SOLE   11,950 0 0
Cisco Systems Inc. COM 17275R102 9,931 293,809 SH   SOLE   293,809 0 0
Amdocs Ltd. COM G02602103 3,803 62,349 SH   SOLE   62,349 0 0
Emerson Electric Co. COM 291011104 3,493 58,351 SH   SOLE   58,351 0 0
Twenty-First Century Fox Inc. COM 90130A101 9,648 297,871 SH   SOLE   297,871 0 0
Gentex Corp. COM 371901109 1,952 91,521 SH   SOLE   91,521 0 0
W.W. Grainger Inc. COM 384802104 8,340 35,830 SH   SOLE   35,830 0 0
Harley - Davidson Inc. COM 412822108 4,092 67,629 SH   SOLE   67,629 0 0
Harris Corp. COM 413875105 2,008 18,048 SH   SOLE   18,048 0 0
The Hershey Co. COM 427866108 4,124 37,747 SH   SOLE   37,747 0 0
IBM COM 459200101 310 1,780 SH   SOLE   1,780 0 0
Johnson Controls International PLC COM G51502105 14,161 336,208 SH   SOLE   336,208 0 0
Johnson & Johnson COM 478160104 24,174 194,087 SH   SOLE   194,087 0 0
JPMorgan Chase & Co. COM 46625H100 211 2,403 SH   SOLE   2,403 0 0
Kraft Heinz Company COM 500754106 1,673 18,418 SH   SOLE   18,418 0 0
Coca Cola Co. COM 191216100 3,977 93,720 SH   SOLE   93,720 0 0
KT Corp. - ADR COM 48268K101 1,782 105,873 SH   SOLE   105,873 0 0
Mondelez International Inc. COM 609207105 2,380 55,256 SH   SOLE   55,256 0 0
Medtronic PLC COM G5960L103 46,720 579,946 SH   SOLE   579,946 0 0
3M Co. COM 88579Y101 661 3,454 SH   SOLE   3,454 0 0
Merck & Co. Inc. COM 58933Y105 5,078 79,923 SH   SOLE   79,923 0 0
Microsoft Corp. COM 594918104 20,194 306,618 SH   SOLE   306,618 0 0
Motorola Solutions Inc. COM 620076307 13,152 152,537 SH   SOLE   152,537 0 0
Novo Nordisk Spons ADR COM 670100205 4,024 117,392 SH   SOLE   117,392 0 0
Novartis AG - ADR COM 66987V109 6,582 88,628 SH   SOLE   88,628 0 0
Oracle Corp. COM 68389X105 18,725 419,759 SH   SOLE   419,759 0 0
Outfront Media Inc. COM 69007J106 4,531 170,676 SH   SOLE   170,676 0 0
PepsiCo Inc. COM 713448108 13,000 116,218 SH   SOLE   116,218 0 0
Pfizer Inc. COM 717081103 12,908 377,313 SH   SOLE   377,313 0 0
Procter & Gamble Co. COM 742718109 672 7,477 SH   SOLE   7,477 0 0
Petrochina Co. Ltd. - ADR COM 71646E100 535 7,302 SH   SOLE   7,302 0 0
Praxair Inc. COM 74005P104 2,489 20,989 SH   SOLE   20,989 0 0
Royal Dutch Shell PLC ADR A COM 780259206 3,280 62,199 SH   SOLE   62,199 0 0
Sabre Corp. COM 78573M104 5,293 249,809 SH   SOLE   249,809 0 0
Sanofi - ADR COM 80105N105 1,079 23,850 SH   SOLE   23,850 0 0
Sasol Ltd. - ADR COM 803866300 797 27,099 SH   SOLE   27,099 0 0
Stanley Black & Decker Inc. COM 854502101 3,958 29,786 SH   SOLE   29,786 0 0
Syngenta AG - ADR COM 87160A100 2,498 28,224 SH   SOLE   28,224 0 0
Tiffany & Co. COM 886547108 6,999 73,437 SH   SOLE   73,437 0 0
Total SA - ADR COM 89151E109 3,061 60,705 SH   SOLE   60,705 0 0
Unilever PLC - ADR COM 904767704 3,805 77,113 SH   SOLE   77,113 0 0
Unitedhealth Group Inc. COM 91324P102 2,692 16,412 SH   SOLE   16,412 0 0
Union Pacific Corp. COM 907818108 11,940 112,724 SH   SOLE   112,724 0 0
U.S. Bancorp. COM 902973304 336 6,533 SH   SOLE   6,533 0 0
United Technologies Corp. COM 913017109 13,033 116,144 SH   SOLE   116,144 0 0
Telefonica Brasil SA - ADR COM 87936R106 1,347 90,682 SH   SOLE   90,682 0 0
Verizon Communications Inc. COM 92343V104 11,674 239,474 SH   SOLE   239,474 0 0
Walgreens Boots Alliance Inc. COM 931427108 22,267 268,117 SH   SOLE   268,117 0 0
Wells Fargo Co. COM 949746101 18,298 328,739 SH   SOLE   328,739 0 0
Wal-Mart Stores Inc. COM 931142103 1,438 19,950 SH   SOLE   19,950 0 0
Exxon Mobil Corp. COM 30231G102 618 7,537 SH   SOLE   7,537 0 0