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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Agnico Eagle Mines LtdCOM00847410815,726434,900SH DFND 434,90000
Alphabet Inc. CAP STK CL A02079K30542,49455,700SH DFND 55,70000
Amazon.com Inc.COM02313510645,82977,200SH DFND 77,20000
Am Elect Pwr Co Inc.COM02553710110,637160,200SH DFND 160,20000
Barrick Gold CorpCOM06790110824,8871,832,600SH DFND 1,832,60000
Caterpillar Inc.COM14912310125,258330,000SH DFND 330,00000
Coca-Cola CoCOM19121610064,4311,388,900SH DFND 1,388,90000
Consolidated Edison Inc.COM20911510410,872141,900SH DFND 141,90000
Duke Energy CorpCOM26441C20452,369649,100SH DFND 649,10000
Emerson Electric Inc.COM29101110429,963551,000SH DFND 551,00000
Facebook Inc. CL A30303M102230,9032,023,694SH DFND 2,023,69400
HDFC Bank Ltd.ADR REPS 3 SHS40415F1017,753125,800SH DFND 125,80000
Home Depot Inc.COM43707610220,108150,700SH DFND 150,70000
IShrs MSCI Emg'g Mkt IdxMSCI EMG MKT ETF464287234101,7572,971,000SH DFND 2,971,00000
JD.Com Inc.SPON ADR CL A47215P1069,445356,400SH DFND 356,40000
The Estee Lauder Co Inc.CL A51843910410,553111,900SH DFND 111,90000
McDonald's CorpCOM58013510119,883158,200SH DFND 158,20000
Microsoft CorpCOM59491810428,559517,100SH DFND 517,10000
PPL CorpCOM69351T10637,107974,700SH DFND 974,70000
Pepsico Inc.COM71344810836,206353,300SH DFND 353,30000
Philip Morris Int'l Inc.COM71817210954,431554,800SH DFND 554,80000
Post Holdings Inc.COM73744610420,026291,200SH DFND 291,20000
Pure Storage Inc. CL A74624M10227,1691,984,600SH DFND 1,984,60000
SPDR Gold TrustGOLD SHS78463V907237,1622,016,000SHCallDFND 2,016,00000
Southern CoCOM84258710752,6301,017,400SH DFND 1,017,40000
Southwest Airlines Co.COM84474110822,086493,000SH DFND 493,00000
Tempur Sealy Int'l Inc.COM88023U1017,629125,500SH DFND 125,50000
Verizon Comms Inc.COM92343V10421,632400,000SH DFND 400,00000
WEC Energy Grp Inc.COM92939U10610,692178,000SH DFND 178,00000
WhiteWave Foods CoCOM96624410514,793364,000SH DFND 364,00000
Williams Co's Inc.COM9694571004,474278,400SH DFND 278,40000
Workday Inc.CL A98138H10119,955259,700SH DFND 259,70000
Zoetis Inc.CL A98978V10321,185477,900SH DFND 477,90000