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 981 27,527 SH   DFND   0 0 27,527
ABBVIE INC COM 00287Y109 7,965 84,157 SH   DFND   0 0 84,157
AEGION CORPORATION COM 00770F104 4,955 216,298 SH   DFND   0 0 216,298
AGILENT TECHNOLOGIES INC COM 00846U101 5,015 74,960 SH   DFND   0 0 74,960
APPLE INC COM 037833100 12,804 76,315 SH   DFND   0 0 76,315
AUTOMATIC DATA PROCESSING INC COM 053015103 4,386 38,654 SH   DFND   0 0 38,654
BP PLC SPONSORED ADRS COM 055622104 1,482 36,568 SH   DFND   0 0 36,568
BIOGEN, INC COM 09062X103 9,243 33,754 SH   DFND   0 0 33,754
BORGWARNER INC. COM 099724106 680 13,534 SH   DFND   0 0 13,534
BRISTOL-MYERS SQUIBB CO COM 110122108 607 9,600 SH   DFND   0 0 9,600
BRUKER CORPORATION COM 116794108 4,023 134,447 SH   DFND   0 0 134,447
CDK GLOBAL INC COM 12508E101 634 10,012 SH   DFND   0 0 10,012
CVS HEALTH CORPORATION COM 126650100 2,721 43,736 SH   DFND   0 0 43,736
CABOT CORP COM 127055101 267 4,800 SH   DFND   0 0 4,800
CATERPILLAR INC COM 149123101 1,398 9,488 SH   DFND   0 0 9,488
CELGENE CORP COM 151020104 2,028 22,736 SH   DFND   0 0 22,736
CHEVRON CORP NEW COM 166764100 1,405 12,318 SH   DFND   0 0 12,318
CISCO SYSTEMS INC COM 17275R102 4,805 112,031 SH   DFND   0 0 112,031
COLGATE PALMOLIVE CO COM 194162103 4,376 61,044 SH   DFND   0 0 61,044
COLUMBIA SPORTSWEAR COMPANY COM 198516106 299 3,916 SH   DFND   0 0 3,916
CONSOLIDATED EDISON INC COM 209115104 296 3,794 SH   DFND   0 0 3,794
CORNING INC. COM 219350105 1,638 58,741 SH   DFND   0 0 58,741
COSTCO WHSL CORP (NEW) COM 22160K105 10,122 53,718 SH   DFND   0 0 53,718
DEERE& CO COM 244199105 7,999 51,499 SH   DFND   0 0 51,499
DEVON ENERGY CORP COM 25179M103 1,013 31,850 SH   DFND   0 0 31,850
DIAMOND OFFSHORE DRILLING COM 25271C102 1,379 94,056 SH   DFND   0 0 94,056
EQT CORPORATION COM 26884L109 3,509 73,855 SH   DFND   0 0 73,855
EDWARDS LIFESCIENCES CORP COM 28176E108 405 2,906 SH   DFND   0 0 2,906
EMERSON ELECTRIC COMPANY COM 291011104 4,699 68,795 SH   DFND   0 0 68,795
EXXON MOBIL CORP (NEW) COM 30231G102 4,995 66,949 SH   DFND   0 0 66,949
FLIR SYSTEMS INC COM 302445101 6,433 128,643 SH   DFND   0 0 128,643
FLOWSERVE CORPORATION COM 34354P105 3,822 88,216 SH   DFND   0 0 88,216
GENERAL ELECTRIC CO COM 369604103 1,254 93,034 SH   DFND   0 0 93,034
HERSHEY CO COM 427866108 3,121 31,535 SH   DFND   0 0 31,535
HOME DEPOT INC COM 437076102 12,669 71,078 SH   DFND   0 0 71,078
HUBBELL INC COM 443510607 9,550 78,421 SH   DFND   0 0 78,421
INTEL CORP COM 458140100 13,791 264,797 SH   DFND   0 0 264,797
INTERNATIONAL BUSINESS MACHINE COM 459200101 6,066 39,535 SH   DFND   0 0 39,535
JPMORGAN CHASE& CO COM 46625H100 688 6,255 SH   DFND   0 0 6,255
JOHNSON& JOHNSON COM 478160104 9,171 71,567 SH   DFND   0 0 71,567
KEMPER CORP COM 488401100 2,957 51,877 SH   DFND   0 0 51,877
KEYSIGHT TECHNOLOGIES INC COM 49338L103 2,016 38,481 SH   DFND   0 0 38,481
KROGER COMPANY COM 501044101 1,784 74,507 SH   DFND   0 0 74,507
LEGGETT& PLATT INC COM 524660107 244 5,500 SH   DFND   0 0 5,500
MARSH& MCLENNAN COS INC COM 571748102 534 6,463 SH   DFND   0 0 6,463
MERCK& CO. INC. COM 58933Y105 617 11,329 SH   DFND   0 0 11,329
MICROSOFT CORP COM 594918104 8,006 87,716 SH   DFND   0 0 87,716
NATIONAL OILWELL VARCO INC COM 637071101 2,587 70,280 SH   DFND   0 0 70,280
NOVARTIS AG SPON ADR COM 66987V109 6,099 75,432 SH   DFND   0 0 75,432
ORACLE CORP COM 68389X105 361 7,900 SH   DFND   0 0 7,900
PPG INDUSTRIES COM 693506107 937 8,400 SH   DFND   0 0 8,400
PACCAR INC COM 693718108 18,724 282,971 SH   DFND   0 0 282,971
PEPSICO INC COM 713448108 5,967 54,665 SH   DFND   0 0 54,665
PFIZER INC COM 717081103 3,542 99,793 SH   DFND   0 0 99,793
QEP RESOURCES INC COM 74733V100 3,025 308,945 SH   DFND   0 0 308,945
ROYAL DUTCH SHELL PLC CL A ADR COM 780259206 1,432 22,440 SH   DFND   0 0 22,440
SPX CORP. COM 784635104 1,225 37,727 SH   DFND   0 0 37,727
SPX FLOW INC COM 78469X107 1,314 26,722 SH   DFND   0 0 26,722
SCHLUMBERGER LIMITED COM 806857108 6,075 93,785 SH   DFND   0 0 93,785
STATE STREET CORP COM 857477103 1,942 19,474 SH   DFND   0 0 19,474
STRYKER CORP COM 863667101 4,748 29,504 SH   DFND   0 0 29,504
TRAVELERS COS INC/THE COM 89417E109 622 4,479 SH   DFND   0 0 4,479
U.S. BANCORP COM 902973304 1,214 24,037 SH   DFND   0 0 24,037
UNITED TECHNOLOGIES CORP COM 913017109 403 3,200 SH   DFND   0 0 3,200
VAREX IMAGING CORPORATION COM 92214X106 475 13,271 SH   DFND   0 0 13,271
VARIAN MEDICAL SYSTEMS INC COM 92220P105 4,342 35,400 SH   DFND   0 0 35,400
VERIZON COMMUNICATIONS COM 92343V104 944 19,736 SH   DFND   0 0 19,736
WALGREENS BOOTS ALLIANCE INC COM 931427108 10,236 156,340 SH   DFND   0 0 156,340
WASHINGTON FEDERAL INC COM 938824109 2,222 64,207 SH   DFND   0 0 64,207
WATERS CORPORATION COM 941848103 8,334 41,952 SH   DFND   0 0 41,952
WELLS FARGO& CO (NEW) COM 949746101 2,413 46,036 SH   DFND   0 0 46,036
WEST PHARMACEUTICAL SVC INC COM 955306105 345 3,907 SH   DFND   0 0 3,907
WOODWARD INC. COM 980745103 9,249 129,062 SH   DFND   0 0 129,062
ALLERGAN PLC COM G0177J108 496 2,946 SH   DFND   0 0 2,946
JOHNSON CONTROLS INTL PLC COM G51502105 403 11,432 SH   DFND   0 0 11,432
MEDTRONIC PLC COM G5960L103 4,097 51,070 SH   DFND   0 0 51,070
TRANSOCEAN LTD COM H8817H100 1,276 128,893 SH   DFND   0 0 128,893