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 1,013 26,047 SH   DFND   0 0 26,047
ABBVIE INC COM 00287Y109 8,139 84,157 SH   DFND   0 0 84,157
AEGION CORPORATION COM 00770F104 5,495 216,098 SH   DFND   0 0 216,098
AGILENT TECHNOLOGIES INC COM 00846U101 5,020 74,960 SH   DFND   0 0 74,960
APPLE INC COM 037833100 12,915 76,315 SH   DFND   0 0 76,315
AUTOMATIC DATA PROCESSING INC COM 053015103 4,530 38,654 SH   DFND   0 0 38,654
BP PLC SPONSORED ADRS COM 055622104 1,537 36,568 SH   DFND   0 0 36,568
BIOGEN, INC COM 09062X103 10,596 33,260 SH   DFND   0 0 33,260
BIOVERATIV INC COM 09075E100 892 16,538 SH   DFND   0 0 16,538
BORGWARNER INC. COM 099724106 741 14,508 SH   DFND   0 0 14,508
BRISTOL-MYERS SQUIBB CO COM 110122108 588 9,600 SH   DFND   0 0 9,600
BRUKER CORPORATION COM 116794108 4,614 134,447 SH   DFND   0 0 134,447
CDK GLOBAL INC COM 12508E101 720 10,095 SH   DFND   0 0 10,095
CVS HEALTH CORPORATION COM 126650100 3,098 42,726 SH   DFND   0 0 42,726
CABOT CORP COM 127055101 296 4,800 SH   DFND   0 0 4,800
CATERPILLAR INC COM 149123101 1,495 9,488 SH   DFND   0 0 9,488
CELGENE CORP COM 151020104 1,537 14,732 SH   DFND   0 0 14,732
CHEVRON CORP NEW COM 166764100 1,517 12,118 SH   DFND   0 0 12,118
CISCO SYSTEMS INC COM 17275R102 4,275 111,631 SH   DFND   0 0 111,631
COLGATE PALMOLIVE CO COM 194162103 4,590 60,831 SH   DFND   0 0 60,831
COLUMBIA SPORTSWEAR COMPANY COM 198516106 281 3,916 SH   DFND   0 0 3,916
CONSOLIDATED EDISON INC COM 209115104 284 3,344 SH   DFND   0 0 3,344
CORNING INC. COM 219350105 1,879 58,741 SH   DFND   0 0 58,741
COSTCO WHSL CORP (NEW) COM 22160K105 9,998 53,718 SH   DFND   0 0 53,718
DEERE& CO COM 244199105 8,109 51,809 SH   DFND   0 0 51,809
DEVON ENERGY CORP COM 25179M103 1,337 32,300 SH   DFND   0 0 32,300
DIAMOND OFFSHORE DRILLING COM 25271C102 1,749 94,056 SH   DFND   0 0 94,056
EQT CORPORATION COM 26884L109 4,204 73,855 SH   DFND   0 0 73,855
EDWARDS LIFESCIENCES CORP COM 28176E108 328 2,906 SH   DFND   0 0 2,906
EMERSON ELECTRIC COMPANY COM 291011104 4,794 68,795 SH   DFND   0 0 68,795
EXXON MOBIL CORP (NEW) COM 30231G102 5,575 66,649 SH   DFND   0 0 66,649
FLIR SYSTEMS INC COM 302445101 5,997 128,643 SH   DFND   0 0 128,643
FLOWSERVE CORPORATION COM 34354P105 3,792 90,016 SH   DFND   0 0 90,016
GENERAL ELECTRIC CO COM 369604103 1,504 86,200 SH   DFND   0 0 86,200
HERSHEY CO COM 427866108 3,580 31,535 SH   DFND   0 0 31,535
HOME DEPOT INC COM 437076102 13,471 71,078 SH   DFND   0 0 71,078
HUBBELL INC COM 443510607 10,613 78,421 SH   DFND   0 0 78,421
ING GROEP NV ADR COM 456837103 376 20,388 SH   DFND   0 0 20,388
INTEL CORP COM 458140100 11,751 254,561 SH   DFND   0 0 254,561
INTERNATIONAL BUSINESS MACHINE COM 459200101 6,049 39,425 SH   DFND   0 0 39,425
JPMORGAN CHASE& CO COM 46625H100 669 6,255 SH   DFND   0 0 6,255
JOHNSON& JOHNSON COM 478160104 9,999 71,567 SH   DFND   0 0 71,567
KEMPER CORP COM 488401100 3,574 51,877 SH   DFND   0 0 51,877
KEYSIGHT TECHNOLOGIES INC COM 49338L103 1,601 38,481 SH   DFND   0 0 38,481
LEGGETT& PLATT INC COM 524660107 263 5,500 SH   DFND   0 0 5,500
MARSH& MCLENNAN COS INC COM 571748102 533 6,543 SH   DFND   0 0 6,543
MERCK& CO. INC. COM 58933Y105 609 10,829 SH   DFND   0 0 10,829
MICROSOFT CORP COM 594918104 7,512 87,821 SH   DFND   0 0 87,821
NATIONAL OILWELL VARCO INC COM 637071101 2,531 70,280 SH   DFND   0 0 70,280
NOVARTIS AG SPON ADR COM 66987V109 6,286 74,866 SH   DFND   0 0 74,866
ORACLE CORP COM 68389X105 374 7,900 SH   DFND   0 0 7,900
PPG INDUSTRIES COM 693506107 1,673 14,320 SH   DFND   0 0 14,320
PACCAR INC COM 693718108 20,114 282,971 SH   DFND   0 0 282,971
PEPSICO INC COM 713448108 6,555 54,665 SH   DFND   0 0 54,665
PFIZER INC COM 717081103 3,593 99,187 SH   DFND   0 0 99,187
QEP RESOURCES INC COM 74733V100 2,873 300,185 SH   DFND   0 0 300,185
ROYAL DUTCH SHELL PLC CL A ADR COM 780259206 1,497 22,440 SH   DFND   0 0 22,440
SPX CORP. COM 784635104 1,184 37,727 SH   DFND   0 0 37,727
SPX FLOW INC COM 78469X107 1,271 26,722 SH   DFND   0 0 26,722
SCHLUMBERGER LIMITED COM 806857108 6,288 93,315 SH   DFND   0 0 93,315
STATE STREET CORP COM 857477103 1,901 19,474 SH   DFND   0 0 19,474
STRYKER CORP COM 863667101 4,568 29,504 SH   DFND   0 0 29,504
TRAVELERS COS INC/THE COM 89417E109 608 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 408 3,200 SH   DFND   0 0 3,200
VAREX IMAGING CORPORATION COM 92214X106 536 13,350 SH   DFND   0 0 13,350
VARIAN MEDICAL SYSTEMS INC COM 92220P105 3,935 35,400 SH   DFND   0 0 35,400
VERIZON COMMUNICATIONS COM 92343V104 1,016 19,186 SH   DFND   0 0 19,186
WALGREENS BOOTS ALLIANCE INC COM 931427108 11,374 156,619 SH   DFND   0 0 156,619
WASHINGTON FEDERAL INC COM 938824109 2,199 64,207 SH   DFND   0 0 64,207
WATERS CORPORATION COM 941848103 8,105 41,952 SH   DFND   0 0 41,952
WELLS FARGO& CO (NEW) COM 949746101 2,793 46,036 SH   DFND   0 0 46,036
WEST PHARMACEUTICAL SVC INC COM 955306105 386 3,907 SH   DFND   0 0 3,907
WOODWARD INC. COM 980745103 9,940 129,862 SH   DFND   0 0 129,862
ALLERGAN PLC COM G0177J108 482 2,946 SH   DFND   0 0 2,946
JOHNSON CONTROLS INTL PLC COM G51502105 436 11,432 SH   DFND   0 0 11,432
MEDTRONIC PLC COM G5960L103 4,118 50,996 SH   DFND   0 0 50,996
TRANSOCEAN LTD COM H8817H100 1,377 128,893 SH   DFND   0 0 128,893