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
AT&T INC COM 00206R102 1,028 26,247 SH   DFND   0 0 26,247
ABBVIE INC COM 00287Y109 7,525 84,682 SH   DFND   0 0 84,682
AEGION CORPORATION COM 00770F104 5,072 217,860 SH   DFND   0 0 217,860
AGILENT TECHNOLOGIES INC COM 00846U101 4,812 74,960 SH   DFND   0 0 74,960
APPLE INC COM 037833100 11,840 76,820 SH   DFND   0 0 76,820
AUTOMATIC DATA PROCESSING INC COM 053015103 4,299 39,329 SH   DFND   0 0 39,329
BP PLC SPONSORED ADRS COM 055622104 1,405 36,568 SH   DFND   0 0 36,568
BIOGEN, INC COM 09062X103 10,465 33,422 SH   DFND   0 0 33,422
BIOVERATIV INC COM 09075E100 950 16,638 SH   DFND   0 0 16,638
BORGWARNER INC. COM 099724106 750 14,635 SH   DFND   0 0 14,635
BRISTOL-MYERS SQUIBB CO COM 110122108 612 9,600 SH   DFND   0 0 9,600
BRUKER CORPORATION COM 116794108 4,838 162,632 SH   DFND   0 0 162,632
CDK GLOBAL INC COM 12508E101 642 10,180 SH   DFND   0 0 10,180
CVS HEALTH CORPORATION COM 126650100 3,287 40,426 SH   DFND   0 0 40,426
CABOT CORP COM 127055101 268 4,800 SH   DFND   0 0 4,800
CATERPILLAR INC COM 149123101 1,262 10,123 SH   DFND   0 0 10,123
CHEVRON CORP NEW COM 166764100 1,424 12,118 SH   DFND   0 0 12,118
CISCO SYSTEMS INC COM 17275R102 3,754 111,631 SH   DFND   0 0 111,631
COLGATE PALMOLIVE CO COM 194162103 4,445 61,014 SH   DFND   0 0 61,014
COLUMBIA SPORTSWEAR COMPANY COM 198516106 257 4,166 SH   DFND   0 0 4,166
CONSOLIDATED EDISON INC COM 209115104 357 4,419 SH   DFND   0 0 4,419
CORNING INC. COM 219350105 1,758 58,741 SH   DFND   0 0 58,741
COSTCO WHSL CORP (NEW) COM 22160K105 8,833 53,766 SH   DFND   0 0 53,766
DEERE& CO COM 244199105 6,597 52,526 SH   DFND   0 0 52,526
DEVON ENERGY CORP COM 25179M103 1,192 32,475 SH   DFND   0 0 32,475
DIAMOND OFFSHORE DRILLING COM 25271C102 1,596 110,092 SH   DFND   0 0 110,092
EQT CORPORATION COM 26884L109 4,818 73,855 SH   DFND   0 0 73,855
EDWARDS LIFESCIENCES CORP COM 28176E108 318 2,906 SH   DFND   0 0 2,906
EMERSON ELECTRIC COMPANY COM 291011104 4,373 69,585 SH   DFND   0 0 69,585
EXXON MOBIL CORP (NEW) COM 30231G102 5,464 66,649 SH   DFND   0 0 66,649
FLIR SYSTEMS INC COM 302445101 5,046 129,690 SH   DFND   0 0 129,690
FLOWSERVE CORPORATION COM 34354P105 3,756 88,199 SH   DFND   0 0 88,199
GENERAL ELECTRIC CO COM 369604103 1,869 77,302 SH   DFND   0 0 77,302
HERSHEY CO COM 427866108 3,443 31,535 SH   DFND   0 0 31,535
HOME DEPOT INC COM 437076102 11,626 71,078 SH   DFND   0 0 71,078
HUBBELL INC COM 443510607 9,177 79,096 SH   DFND   0 0 79,096
ING GROEP NV ADR COM 456837103 376 20,388 SH   DFND   0 0 20,388
INTEL CORP COM 458140100 9,816 257,770 SH   DFND   0 0 257,770
INTERNATIONAL BUSINESS MACHINE COM 459200101 5,706 39,327 SH   DFND   0 0 39,327
JPMORGAN CHASE& CO COM 46625H100 597 6,255 SH   DFND   0 0 6,255
JOHNSON& JOHNSON COM 478160104 9,398 72,285 SH   DFND   0 0 72,285
KEMPER CORP COM 488401100 2,749 51,877 SH   DFND   0 0 51,877
KEYSIGHT TECHNOLOGIES INC COM 49338L103 1,603 38,481 SH   DFND   0 0 38,481
LEGGETT& PLATT INC COM 524660107 263 5,500 SH   DFND   0 0 5,500
LEVEL 3 COMMUNICATIONS INC COM 52729N308 282 5,290 SH   DFND   0 0 5,290
MARSH& MCLENNAN COS INC COM 571748102 548 6,543 SH   DFND   0 0 6,543
MERCK& CO. INC. COM 58933Y105 713 11,129 SH   DFND   0 0 11,129
MICROSOFT CORP COM 594918104 6,579 88,321 SH   DFND   0 0 88,321
NATIONAL OILWELL VARCO INC COM 637071101 2,625 73,474 SH   DFND   0 0 73,474
NOVARTIS AG SPON ADR COM 66987V109 5,930 69,071 SH   DFND   0 0 69,071
ORACLE CORP COM 68389X105 382 7,900 SH   DFND   0 0 7,900
PPG INDUSTRIES COM 693506107 1,556 14,320 SH   DFND   0 0 14,320
PACCAR INC COM 693718108 20,470 282,971 SH   DFND   0 0 282,971
PEPSICO INC COM 713448108 6,119 54,915 SH   DFND   0 0 54,915
PFIZER INC COM 717081103 3,520 98,587 SH   DFND   0 0 98,587
QEP RESOURCES INC COM 74733V100 2,675 312,113 SH   DFND   0 0 312,113
ROYAL DUTCH SHELL PLC CL A ADR COM 780259206 1,359 22,440 SH   DFND   0 0 22,440
SPX CORP. COM 784635104 1,107 37,727 SH   DFND   0 0 37,727
SPX FLOW INC COM 78469X107 1,030 26,722 SH   DFND   0 0 26,722
SCHLUMBERGER LIMITED COM 806857108 6,412 91,919 SH   DFND   0 0 91,919
STATE STREET CORP COM 857477103 1,861 19,474 SH   DFND   0 0 19,474
STRYKER CORP COM 863667101 4,247 29,904 SH   DFND   0 0 29,904
SUPERVALU, INC. COM 868536301 708 32,550 SH   DFND   0 0 32,550
TRAVELERS COS INC/THE COM 89417E109 549 4,479 SH   DFND   0 0 4,479
U.S. BANCORP COM 902973304 1,288 24,037 SH   DFND   0 0 24,037
UNITED TECHNOLOGIES CORP COM 913017109 371 3,200 SH   DFND   0 0 3,200
VAREX IMAGING CORPORATION COM 92214X106 474 14,000 SH   DFND   0 0 14,000
VARIAN MEDICAL SYSTEMS INC COM 92220P105 3,566 35,642 SH   DFND   0 0 35,642
VERIZON COMMUNICATIONS COM 92343V104 923 18,646 SH   DFND   0 0 18,646
WALGREENS BOOTS ALLIANCE INC COM 931427108 12,235 158,443 SH   DFND   0 0 158,443
WASHINGTON FEDERAL INC COM 938824109 2,161 64,207 SH   DFND   0 0 64,207
WATERS CORPORATION COM 941848103 7,531 41,952 SH   DFND   0 0 41,952
WELLS FARGO& CO (NEW) COM 949746101 2,575 46,687 SH   DFND   0 0 46,687
WEST PHARMACEUTICAL SVC INC COM 955306105 385 4,000 SH   DFND   0 0 4,000
WOODWARD INC. COM 980745103 10,182 131,188 SH   DFND   0 0 131,188
ALLERGAN PLC COM G0177J108 604 2,946 SH   DFND   0 0 2,946
JOHNSON CONTROLS INTL PLC COM G51502105 461 11,432 SH   DFND   0 0 11,432
MEDTRONIC PLC COM G5960L103 3,968 51,028 SH   DFND   0 0 51,028
TRANSOCEAN LTD COM H8817H100 1,453 134,991 SH   DFND   0 0 134,991