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
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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
ACXIOM CORP COM 005125109 66,740 2,344,233 SH   OTR   0 2,344,233 0
ALCOA CORP COM 013872106 57,174 1,662,036 SH   OTR   0 0 1,662,036
ALLERGAN PLC SHS G0177J108 365,676 1,530,537 SH   OTR   0 0 1,530,537
ALLETE INC COM NEW 018522300 11,850 175,015 SH   SOLE   0 0 175,015
ALTRIA GROUP INC COM 02209s103 21,046 294,676 SH   OTR   0 0 294,676
ARCONIC INC COM 03965L100 58,672 2,227,495 SH   OTR   0 0 2,227,495
ASHLAND GLOBAL HLDGS INC COM 044186104 126,447 1,021,302 SH   OTR   0 0 1,021,302
AT&T INC COM 00206R102 8,756,143 210,737,507 SH   OTR   0 0 210,737,507
AUTOMATIC DATA PROCESSING IN COM 053015103 41,512 405,427 SH   OTR   405,427 0 0
BANK MONTREAL QUE COM 063671101 110,902 1,482,848 SH   OTR   0 0 1,482,848
BEST BUY INC COM 086516101 83,787 1,704,715 SH   OTR   0 1,704,715 0
BOEING CO COM 097023105 6,066,241 34,299,679 SH   OTR   0 0 34,299,679
BOSTON SCIENTIFIC CORP COM 101137107 293,602 11,805,461 SH   OTR   0 0 11,805,461
CAPITAL SOUTHWEST CORP COM 140501107 10,103 597,434 SH   OTR   0 597,434 0
CDK GLOBAL INC COM 12508E101 8,213 126,330 SH   OTR   126,330 0 0
COLGATE PALMOLIVE CO COM 194162103 125,316 1,712,207 SH   SOLE   1,712,207 0 0
DARDEN RESTAURANTS INC COM 237194105 233,271 2,787,983 SH   OTR   0 0 2,787,983
DELTA AIR LINES INC DEL COM NEW 247361702 704,186 15,321,705 SH   SOLE   15,321,705 0 0
DILLARDS INC CL A 254067101 406,565 7,782,631 SH   OTR   0 0 7,782,631
ENTERGY CORP NEW COM 29364G103 443,429 5,837,659 SH   OTR   0 0 5,837,659
FORD MTR CO DEL COM PAR $0.01 345370860 2,374,648 204,007,597 SH   OTR   0 204,007,597 0
FORTIVE CORP COM 34959J108 79,084 1,313,257 SH   OTR   0 0 1,313,257
GAMING & LEISURE PPTYS INC COM 36467J108 6,686 200,053 SH   OTR   0 0 200,053
GAP INC DEL COM 364760108 40,185 1,654,400 SH   OTR   0 0 1,654,400
GENERAL DYNAMICS CORP COM 369550108 4,138,839 22,109,180 SH   OTR   0 22,109,180 0
GENERAL ELECTRIC CO COM 369604103 48,871 1,639,959 SH   OTR   0 0 1,639,959
GENWORTH FINL INC COM CL A 37247D106 10,231 2,483,342 SH   OTR   0 0 2,483,342
GOODYEAR TIRE & RUBR CO COM 382550101 114,588 3,182,997 SH   OTR   0 0 3,182,997
HARTFORD FINL SVCS GROUP INC COM 416515104 215,637 4,485,899 SH   OTR   0 0 4,485,899
HONEYWELL INTL INC COM 438516106 2,461,451 19,712,106 SH   SOLE   19,712,106 0 0
HUMANA INC COM 444859102 439,452 2,131,812 SH   OTR   0 2,131,812 0
KRAFT HEINZ CO COM 500754106 3,298 36,313 SH   OTR   0 0 36,313
MONDELEZ INTL INC CL A 609207105 4,878 113,234 SH   OTR   0 0 113,234
MOODYS CORP COM 615369105 51,034 455,498 SH   OTR   0 0 455,498
PAREXEL INTL CORP COM 699462107 8,633 136,789 SH   OTR   0 0 136,789
PENNEY J C INC COM 708160106 86,002 13,961,288 SH   OTR   0 0 13,961,288
PHILIP MORRIS INTL INC COM 718172109 86,901 769,721 SH   OTR   0 0 769,721
REYNOLDS AMERICAN INC COM 761713106 523,373 8,304,867 SH   OTR   0 0 8,304,867
SCANA CORP NEW COM 80589M102 691,260 10,577,815 SH   OTR   0 0 10,577,815
SEMPRA ENERGY COM 816851109 1,162,268 10,518,261 SH   OTR   0 10,518,261 0
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 43,659 791,633 SH   OTR   0 791,633 0
STATE STR CORP COM 857477103 201,007 2,524,894 SH   OTR   0 2,524,894 0
UNILEVER N V N Y SHS NEW 904784709 63,115 1,270,438 SH   OTR   0 0 1,270,438
UNITED CONTL HLDGS INC COM 910047109 388,890 5,505,242 SH   OTR   0 5,505,242 0
UNITED TECHNOLOGIES CORP COM 913017109 300,670 2,679,529 SH   SOLE   2,679,529 0 0
WATERS CORP COM 941848103 56,561 361,852 SH   OTR   0 0 361,852
WESTERN DIGITAL CORP COM 958102105 66,197 802,101 SH   OTR   0 0 802,101
WEYERHAEUSER CO COM 962166104 200,614 5,903,882 SH   OTR   0 0 5,903,882
WHIRLPOOL CORP COM 963320106 236,365 1,379,587 SH   OTR   0 0 1,379,587
YUM BRANDS INC COM 988498101 142,962 2,237,270 SH   OTR   0 0 2,237,270
YUM CHINA HLDGS INC COM 98850P109 55,734 2,049,055 SH   OTR   0 0 2,049,055