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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OMB Number:3235-0006
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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
Rio Tinto Plc-Spon ADRADR7672041007,14992,072SH SOLE 92,07200
Mizuho Financial Group Inc ADRADR60687Y1092,554877,784SH SOLE 877,78400
Mitsubishi UFJ Financial Group Inc ADRADR6068221042,550473,888SH SOLE 473,88800
Sumitomo Mitsui Financial Group Inc ADRADR86562M2092,508345,990SH SOLE 345,99000
Check Point Software TechnologComM2246510413,309118,858SH SOLE 118,85800
AbbVie IncCom00287Y1099,07283,829SH SOLE 83,82900
Accenture PLCCL AG1151C1015,14118,609SH SOLE 18,60900
Aflac IncCom0010551025,378105,089SH SOLE 105,08900
Allstate Corp/TheCom0200021017,75067,446SH SOLE 67,44600
Alphabet Inc Class ACL A02079K30512,8456,228SH SOLE 6,22800
Alphabet Inc Class CCL C02079K1076,8433,308SH SOLE 3,30800
Amazon.Com IncCom0231351065,7551,860SH SOLE 1,86000
AMC Networks IncCL A00164V1031,05119,767SH SOLE 19,76700
American Tower CorpCom03027X1001,0194,263SH SOLE 4,26300
American Waters Works Co IncCom0304201036064,039SH SOLE 4,03900
Apple IncCom03783310033,939277,848SH SOLE 277,84800
AT&T IncCom00206R10214,381475,094SH SOLE 475,09400
AutoZone IncCom05333210210,7987,689SH SOLE 7,68900
Boston Properties IncCom1011211012,80627,707SH SOLE 27,70700
Bristol-Myers Squibb CoCom1101221085,95894,377SH SOLE 94,37700
Broadcom IncCom11135F1014,6259,976SH SOLE 9,97600
Camden Property TrustCom1331311022,48422,603SH SOLE 22,60300
Cardinal Health IncCom14149Y1083,09350,914SH SOLE 50,91400
Cigna CorpCom1255231007,19829,776SH SOLE 29,77600
Cisco Systems IncCom17275R10210,769208,253SH SOLE 208,25300
Citigroup IncCom17296742410,516144,545SH SOLE 144,54500
Coca-Cola Co/TheCom1912161001,28624,400SH SOLE 24,40000
Colgate-Palmolive CoCom1941621035,43268,902SH SOLE 68,90200
ConocoPhillipsCom20825C1042655,010SH SOLE 5,01000
Consolidated Edison IncCom2091151044,25656,901SH SOLE 56,90100
Cvs Caremark CorpCom1266501008,453112,357SH SOLE 112,35700
DaVita IncCom23918K1084,72843,872SH SOLE 43,87200
Dollar Tree IncCom2567461089508,300SH SOLE 8,30000
Duke Energy CorpCom26441C2044,13242,804SH SOLE 42,80400
DXC Technology CoCom23355L1068,515272,389SH SOLE 272,38900
eBay IncCom27864210312,519204,429SH SOLE 204,42900
Entergy CorpCom29364G1035,86658,976SH SOLE 58,97600
Everest Re Group LtdComG3223R10812,56850,716SH SOLE 50,71600
Exelon CorpCom30161N10110,743245,621SH SOLE 245,62100
Exxon Mobil CorpCom30231G1023,56063,764SH SOLE 63,76400
F5 Networks IncCom31561610210,49150,287SH SOLE 50,28700
Facebook Inc-ACL A30303M10214,81350,292SH SOLE 50,29200
Fidelity National InformationCom31620M1062,33716,620SH SOLE 16,62000
Ford Motor CoCom34537086085269,561SH SOLE 69,56100
Franklin Resources IncCom3546131014,266144,108SH SOLE 144,10800
General Mills IncCom3703341043,62459,104SH SOLE 59,10400
General Motors CoCom37045V1007,701134,023SH SOLE 134,02300
Gilead Sciences IncCom3755581039,016139,507SH SOLE 139,50700
HCA Holdings IncCom40412C10111,44860,782SH SOLE 60,78200
Healthpeak Properties IncCom42250P1034,208132,589SH SOLE 132,58900
Hershey Co/TheCom4278661085,19332,832SH SOLE 32,83200
Hewlett-Packard CoCom40434L10511,174351,932SH SOLE 351,93200
Industrial Logistics Properties TrustCom4562371062,887124,815SH SOLE 124,81500
Intel CorpCom45814010019,857310,263SH SOLE 310,26300
Intl Business Machines CorpCom4592001019,79273,481SH SOLE 73,48100
JM Smucker Co/TheCom8326964059,24473,061SH SOLE 73,06100
Johnson & JohnsonCom4781601049,57258,244SH SOLE 58,24400
JPMorgan Chase & CoCom46625H1007765,100SH SOLE 5,10000
Kimberly-Clark CorpCom4943681035,31638,229SH SOLE 38,22900
Kroger Co/TheCom50104410114,929414,799SH SOLE 414,79900
Laboratory Corporation of America HoldingsCom50540R40917,24367,612SH SOLE 67,61200
Lincoln National CorpCom5341871091,83929,533SH SOLE 29,53300
Lyondellbasell Indu-Cl ACL AN537451002,26221,735SH SOLE 21,73500
Marsh & McLennan Cos IncCom5717481025,60646,025SH SOLE 46,02500
Mastercard Inc-Class ACL A57636Q1042,5677,210SH SOLE 7,21000
Mckesson CorpCom58155Q1037,61239,029SH SOLE 39,02900
Medtronic Inc.ComG5960L1034,83240,900SH SOLE 40,90000
Merck & Co IncCom58933Y10511,022142,982SH SOLE 142,98200
Microsoft CorporationCom59491810431,755134,685SH SOLE 134,68500
Motorola Solutions IncCom6200763077,36239,149SH SOLE 39,14900
Newmont Mining CorpCom65163910611,293187,373SH SOLE 187,37300
Oracle CorpCom68389X1058,078115,120SH SOLE 115,12000
PepsiCo IncCom7134481085,55439,264SH SOLE 39,26400
Pfizer IncCom7170811033,943108,829SH SOLE 108,82900
Procter and Gamble CO/THECom74271810912,00388,630SH SOLE 88,63000
Progressive Corp Com7433151035,35355,993SH SOLE 55,99300
Public Service Enterprise Group IncCom7445731062,19736,495SH SOLE 36,49500
Public StorageCom74460D1096,12024,800SH SOLE 24,80000
QUALCOMM IncCom7475251031,98414,961SH SOLE 14,96100
Quest Diagnostics IncCom74834L10011,82892,158SH SOLE 92,15800
Renaissancere Holdings LtdComG7496G1036,57441,021SH SOLE 41,02100
Sabra Health Care Reit IncCom78573L1063,959228,049SH SOLE 228,04900
Skechers USA IncCL A8305661055,402129,507SH SOLE 129,50700
Stellantis NVComN8240510614,336808,797SH SOLE 808,79700
Southern CompanyCom84258710710,161163,463SH SOLE 163,46300
Summit Hotel Properties IncCom86608210021320,952SH SOLE 20,95200
Take-Two Interactive SoftwareCom8740541093,13517,744SH SOLE 17,74400
Travelers Cos Inc/TheCom89417E1097,70751,246SH SOLE 51,24600
US BancorpCom9029733043,41661,768SH SOLE 61,76800
VeriSign IncCom92343E1023,16015,900SH SOLE 15,90000
Verizon Communications IncCom92343V10423,353401,603SH SOLE 401,60300
Viatris IncCom92556V1061,22687,784SH SOLE 87,78400
Visa Inc-Class A SharesCL A92826C83912,68959,930SH SOLE 59,93000
Vistra Energy CorpCom92840M10244725,285SH SOLE 25,28500
W W Grainger IncCom38480210416,07140,084SH SOLE 40,08400
Walgreens Boots Alliance IncCom9314271082,32842,411SH SOLE 42,41100
Wal-Mart Stores IncCom9311421037,74156,994SH SOLE 56,99400
Walt Disney Co/TheCom2546871067073,829SH SOLE 3,82900
Waste Management IncCom94106L1093,80429,487SH SOLE 29,48700
WEC Energy Group IncCom92939U1062,70128,865SH SOLE 28,86500
Welltower IncCom95040Q1041,18216,500SH SOLE 16,50000
WP Carey IncCom92936U1094,79467,752SH SOLE 67,75200
Open Text CorpCom6837151067,362154,416SH SOLE 154,41600
Kinross Gold CorpCom4969024047,0461,058,000SH SOLE 1,058,00000
Royal Bank of CanadaCom7800871027,01676,100SH SOLE 76,10000
Wheaton Precious Metals Ord ShsCom9628791026,259163,885SH SOLE 163,88500
Kirkland Lake Gold LtdCom49741E1005,902174,800SH SOLE 174,80000
Canadian Imperial Bank of CommCom1360691015,84359,683SH SOLE 59,68300
Toronto-Dominion Bank/TheCom8911605095,07777,852SH SOLE 77,85200
Rogers Communications IncCL B7751092005,071109,992SH SOLE 109,99200
TC Energy CorpCom87807B1073,05066,538SH SOLE 66,53800
Great Panther Mining LtdCom39115V101448568,197SH SOLE 568,19700