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
Rio Tinto Plc-Spon ADR ADR 767204100 7,149 92,072 SH   SOLE   92,072 0 0
Mizuho Financial Group Inc ADR ADR 60687Y109 2,554 877,784 SH   SOLE   877,784 0 0
Mitsubishi UFJ Financial Group Inc ADR ADR 606822104 2,550 473,888 SH   SOLE   473,888 0 0
Sumitomo Mitsui Financial Group Inc ADR ADR 86562M209 2,508 345,990 SH   SOLE   345,990 0 0
Check Point Software Technolog Com M22465104 13,309 118,858 SH   SOLE   118,858 0 0
AbbVie Inc Com 00287Y109 9,072 83,829 SH   SOLE   83,829 0 0
Accenture PLC CL A G1151C101 5,141 18,609 SH   SOLE   18,609 0 0
Aflac Inc Com 001055102 5,378 105,089 SH   SOLE   105,089 0 0
Allstate Corp/The Com 020002101 7,750 67,446 SH   SOLE   67,446 0 0
Alphabet Inc Class A CL A 02079K305 12,845 6,228 SH   SOLE   6,228 0 0
Alphabet Inc Class C CL C 02079K107 6,843 3,308 SH   SOLE   3,308 0 0
Amazon.Com Inc Com 023135106 5,755 1,860 SH   SOLE   1,860 0 0
AMC Networks Inc CL A 00164V103 1,051 19,767 SH   SOLE   19,767 0 0
American Tower Corp Com 03027X100 1,019 4,263 SH   SOLE   4,263 0 0
American Waters Works Co Inc Com 030420103 606 4,039 SH   SOLE   4,039 0 0
Apple Inc Com 037833100 33,939 277,848 SH   SOLE   277,848 0 0
AT&T Inc Com 00206R102 14,381 475,094 SH   SOLE   475,094 0 0
AutoZone Inc Com 053332102 10,798 7,689 SH   SOLE   7,689 0 0
Boston Properties Inc Com 101121101 2,806 27,707 SH   SOLE   27,707 0 0
Bristol-Myers Squibb Co Com 110122108 5,958 94,377 SH   SOLE   94,377 0 0
Broadcom Inc Com 11135F101 4,625 9,976 SH   SOLE   9,976 0 0
Camden Property Trust Com 133131102 2,484 22,603 SH   SOLE   22,603 0 0
Cardinal Health Inc Com 14149Y108 3,093 50,914 SH   SOLE   50,914 0 0
Cigna Corp Com 125523100 7,198 29,776 SH   SOLE   29,776 0 0
Cisco Systems Inc Com 17275R102 10,769 208,253 SH   SOLE   208,253 0 0
Citigroup Inc Com 172967424 10,516 144,545 SH   SOLE   144,545 0 0
Coca-Cola Co/The Com 191216100 1,286 24,400 SH   SOLE   24,400 0 0
Colgate-Palmolive Co Com 194162103 5,432 68,902 SH   SOLE   68,902 0 0
ConocoPhillips Com 20825C104 265 5,010 SH   SOLE   5,010 0 0
Consolidated Edison Inc Com 209115104 4,256 56,901 SH   SOLE   56,901 0 0
Cvs Caremark Corp Com 126650100 8,453 112,357 SH   SOLE   112,357 0 0
DaVita Inc Com 23918K108 4,728 43,872 SH   SOLE   43,872 0 0
Dollar Tree Inc Com 256746108 950 8,300 SH   SOLE   8,300 0 0
Duke Energy Corp Com 26441C204 4,132 42,804 SH   SOLE   42,804 0 0
DXC Technology Co Com 23355L106 8,515 272,389 SH   SOLE   272,389 0 0
eBay Inc Com 278642103 12,519 204,429 SH   SOLE   204,429 0 0
Entergy Corp Com 29364G103 5,866 58,976 SH   SOLE   58,976 0 0
Everest Re Group Ltd Com G3223R108 12,568 50,716 SH   SOLE   50,716 0 0
Exelon Corp Com 30161N101 10,743 245,621 SH   SOLE   245,621 0 0
Exxon Mobil Corp Com 30231G102 3,560 63,764 SH   SOLE   63,764 0 0
F5 Networks Inc Com 315616102 10,491 50,287 SH   SOLE   50,287 0 0
Facebook Inc-A CL A 30303M102 14,813 50,292 SH   SOLE   50,292 0 0
Fidelity National Information Com 31620M106 2,337 16,620 SH   SOLE   16,620 0 0
Ford Motor Co Com 345370860 852 69,561 SH   SOLE   69,561 0 0
Franklin Resources Inc Com 354613101 4,266 144,108 SH   SOLE   144,108 0 0
General Mills Inc Com 370334104 3,624 59,104 SH   SOLE   59,104 0 0
General Motors Co Com 37045V100 7,701 134,023 SH   SOLE   134,023 0 0
Gilead Sciences Inc Com 375558103 9,016 139,507 SH   SOLE   139,507 0 0
HCA Holdings Inc Com 40412C101 11,448 60,782 SH   SOLE   60,782 0 0
Healthpeak Properties Inc Com 42250P103 4,208 132,589 SH   SOLE   132,589 0 0
Hershey Co/The Com 427866108 5,193 32,832 SH   SOLE   32,832 0 0
Hewlett-Packard Co Com 40434L105 11,174 351,932 SH   SOLE   351,932 0 0
Industrial Logistics Properties Trust Com 456237106 2,887 124,815 SH   SOLE   124,815 0 0
Intel Corp Com 458140100 19,857 310,263 SH   SOLE   310,263 0 0
Intl Business Machines Corp Com 459200101 9,792 73,481 SH   SOLE   73,481 0 0
JM Smucker Co/The Com 832696405 9,244 73,061 SH   SOLE   73,061 0 0
Johnson & Johnson Com 478160104 9,572 58,244 SH   SOLE   58,244 0 0
JPMorgan Chase & Co Com 46625H100 776 5,100 SH   SOLE   5,100 0 0
Kimberly-Clark Corp Com 494368103 5,316 38,229 SH   SOLE   38,229 0 0
Kroger Co/The Com 501044101 14,929 414,799 SH   SOLE   414,799 0 0
Laboratory Corporation of America Holdings Com 50540R409 17,243 67,612 SH   SOLE   67,612 0 0
Lincoln National Corp Com 534187109 1,839 29,533 SH   SOLE   29,533 0 0
Lyondellbasell Indu-Cl A CL A N53745100 2,262 21,735 SH   SOLE   21,735 0 0
Marsh & McLennan Cos Inc Com 571748102 5,606 46,025 SH   SOLE   46,025 0 0
Mastercard Inc-Class A CL A 57636Q104 2,567 7,210 SH   SOLE   7,210 0 0
Mckesson Corp Com 58155Q103 7,612 39,029 SH   SOLE   39,029 0 0
Medtronic Inc. Com G5960L103 4,832 40,900 SH   SOLE   40,900 0 0
Merck & Co Inc Com 58933Y105 11,022 142,982 SH   SOLE   142,982 0 0
Microsoft Corporation Com 594918104 31,755 134,685 SH   SOLE   134,685 0 0
Motorola Solutions Inc Com 620076307 7,362 39,149 SH   SOLE   39,149 0 0
Newmont Mining Corp Com 651639106 11,293 187,373 SH   SOLE   187,373 0 0
Oracle Corp Com 68389X105 8,078 115,120 SH   SOLE   115,120 0 0
PepsiCo Inc Com 713448108 5,554 39,264 SH   SOLE   39,264 0 0
Pfizer Inc Com 717081103 3,943 108,829 SH   SOLE   108,829 0 0
Procter and Gamble CO/THE Com 742718109 12,003 88,630 SH   SOLE   88,630 0 0
Progressive Corp Com 743315103 5,353 55,993 SH   SOLE   55,993 0 0
Public Service Enterprise Group Inc Com 744573106 2,197 36,495 SH   SOLE   36,495 0 0
Public Storage Com 74460D109 6,120 24,800 SH   SOLE   24,800 0 0
QUALCOMM Inc Com 747525103 1,984 14,961 SH   SOLE   14,961 0 0
Quest Diagnostics Inc Com 74834L100 11,828 92,158 SH   SOLE   92,158 0 0
Renaissancere Holdings Ltd Com G7496G103 6,574 41,021 SH   SOLE   41,021 0 0
Sabra Health Care Reit Inc Com 78573L106 3,959 228,049 SH   SOLE   228,049 0 0
Skechers USA Inc CL A 830566105 5,402 129,507 SH   SOLE   129,507 0 0
Stellantis NV Com N82405106 14,336 808,797 SH   SOLE   808,797 0 0
Southern Company Com 842587107 10,161 163,463 SH   SOLE   163,463 0 0
Summit Hotel Properties Inc Com 866082100 213 20,952 SH   SOLE   20,952 0 0
Take-Two Interactive Software Com 874054109 3,135 17,744 SH   SOLE   17,744 0 0
Travelers Cos Inc/The Com 89417E109 7,707 51,246 SH   SOLE   51,246 0 0
US Bancorp Com 902973304 3,416 61,768 SH   SOLE   61,768 0 0
VeriSign Inc Com 92343E102 3,160 15,900 SH   SOLE   15,900 0 0
Verizon Communications Inc Com 92343V104 23,353 401,603 SH   SOLE   401,603 0 0
Viatris Inc Com 92556V106 1,226 87,784 SH   SOLE   87,784 0 0
Visa Inc-Class A Shares CL A 92826C839 12,689 59,930 SH   SOLE   59,930 0 0
Vistra Energy Corp Com 92840M102 447 25,285 SH   SOLE   25,285 0 0
W W Grainger Inc Com 384802104 16,071 40,084 SH   SOLE   40,084 0 0
Walgreens Boots Alliance Inc Com 931427108 2,328 42,411 SH   SOLE   42,411 0 0
Wal-Mart Stores Inc Com 931142103 7,741 56,994 SH   SOLE   56,994 0 0
Walt Disney Co/The Com 254687106 707 3,829 SH   SOLE   3,829 0 0
Waste Management Inc Com 94106L109 3,804 29,487 SH   SOLE   29,487 0 0
WEC Energy Group Inc Com 92939U106 2,701 28,865 SH   SOLE   28,865 0 0
Welltower Inc Com 95040Q104 1,182 16,500 SH   SOLE   16,500 0 0
WP Carey Inc Com 92936U109 4,794 67,752 SH   SOLE   67,752 0 0
Open Text Corp Com 683715106 7,362 154,416 SH   SOLE   154,416 0 0
Kinross Gold Corp Com 496902404 7,046 1,058,000 SH   SOLE   1,058,000 0 0
Royal Bank of Canada Com 780087102 7,016 76,100 SH   SOLE   76,100 0 0
Wheaton Precious Metals Ord Shs Com 962879102 6,259 163,885 SH   SOLE   163,885 0 0
Kirkland Lake Gold Ltd Com 49741E100 5,902 174,800 SH   SOLE   174,800 0 0
Canadian Imperial Bank of Comm Com 136069101 5,843 59,683 SH   SOLE   59,683 0 0
Toronto-Dominion Bank/The Com 891160509 5,077 77,852 SH   SOLE   77,852 0 0
Rogers Communications Inc CL B 775109200 5,071 109,992 SH   SOLE   109,992 0 0
TC Energy Corp Com 87807B107 3,050 66,538 SH   SOLE   66,538 0 0
Great Panther Mining Ltd Com 39115V101 448 568,197 SH   SOLE   568,197 0 0