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
AbbVie Inc. COM 00287Y109 667 12,260 SH   SOLE   12,260 0 0
Abbott Laboratories COM 002824100 520 12,935 SH   SOLE   12,935 0 0
Aceto Corp. COM 004446100 244 8,888 SH   SOLE   8,888 0 0
Abercombie & Fitch Co. Cl A COM 002896207 8,590 314,486 SH   SOLE   314,486 0 0
Apache Corp. COM 037411105 8,590 151,335 SH   SOLE   151,335 0 0
Avnet Inc. COM 053807103 15,602 289,239 SH   SOLE   289,239 0 0
Baxter International Inc. COM 071813109 12,248 305,057 SH   SOLE   305,057 0 0
Becton Dickinson & Co. COM 075887109 836 6,300 SH   SOLE   6,300 0 0
Bunge Ltd. COM G16962105 14,917 157,888 SH   SOLE   157,888 0 0
Berkshire Hathaway Inc. CL B COM 084670702 2,129 16,323 SH   SOLE   16,323 0 0
Vanguard Short-Term Bond ETF COM 921937827 201 2,500 SH   SOLE   2,500 0 0
Baxalta Inc. COM 07177M103 8,593 272,717 SH   SOLE   272,717 0 0
Conagra Foods Inc. COM 205887102 5,319 131,310 SH   SOLE   131,310 0 0
Cardinal Health Inc. COM 14149Y108 4,880 63,527 SH   SOLE   63,527 0 0
Cia Cervecerias Unidas - ADR COM 204429104 5,974 106,495 SH   SOLE   106,495 0 0
Check Point Software Technologies Ltd. COM M22465104 13,003 115,174 SH   SOLE   115,174 0 0
China Mobile HK Ltd. - ADR COM 16941M109 710 11,940 SH   SOLE   11,940 0 0
ConocoPhillips COM 20825C104 7,334 152,909 SH   SOLE   152,909 0 0
Copa Holdings SA COM P31076105 696 16,600 SH   SOLE   16,600 0 0
CSX Corporation COM 126408103 8,650 214,045 SH   SOLE   214,045 0 0
Chevron Corp. COM 166764100 3,360 42,600 SH   SOLE   42,600 0 0
Amdocs Ltd. COM G02602103 6,180 108,646 SH   SOLE   108,646 0 0
Devon Energy Corp. COM 25179M103 2,861 77,131 SH   SOLE   77,131 0 0
Emerson Electric Co. COM 291011104 7,943 129,426 SH   SOLE   129,426 0 0
Ford Motor Co. COM 345370860 3,870 285,222 SH   SOLE   285,222 0 0
Freeport-McMoRan Copper & Gold Inc. COM 35671D857 8,382 681,414 SH   SOLE   681,414 0 0
Hancock Holding Co. COM 410120109 4,405 162,859 SH   SOLE   162,859 0 0
IBM COM 459200101 453 3,126 SH   SOLE   3,126 0 0
ICICI Bank Ltd. - ADR COM 45104G104 2,172 17,249 SH   SOLE   17,249 0 0
Israel Chemicals Ltd. COM M5920A109 10,270 1,373,876 SH   SOLE   1,373,876 0 0
Johnson Controls Inc. COM 478366107 15,214 302,318 SH   SOLE   302,318 0 0
Johnson & Johnson COM 478160104 17,209 149,684 SH   SOLE   149,684 0 0
JPMorgan Chase & Co. COM 46625H100 273 4,471 SH   SOLE   4,471 0 0
Kraft Heinz Company COM 500754106 1,300 18,418 SH   SOLE   18,418 0 0
Coca Cola Co. COM 191216100 3,760 93,720 SH   SOLE   93,720 0 0
KT Corp. - ADR COM 48268K101 8,283 355,839 SH   SOLE   355,839 0 0
Mattel Inc. COM 577081102 12,956 615,172 SH   SOLE   615,172 0 0
Mondelez International Inc. COM 609207105 2,314 55,256 SH   SOLE   55,256 0 0
Medtronic PLC. COM G5960L103 30,077 395,802 SH   SOLE   395,802 0 0
Metlife Inc. COM 59156R108 19,075 318,556 SH   SOLE   318,556 0 0
3M Co. COM 88579Y101 725 5,114 SH   SOLE   5,114 0 0
The Mosaic Co. COM 61945C103 11,732 294,373 SH   SOLE   294,373 0 0
Merck & Co. Inc. COM 58933Y105 7,212 146,017 SH   SOLE   146,017 0 0
Microsoft Corp. COM 594918104 24,057 428,767 SH   SOLE   428,767 0 0
M&T Bank Corp. COM 55261F104 3,773 30,937 SH   SOLE   30,937 0 0
Novartis AG - ADR COM 66987V109 751 8,168 SH   SOLE   8,168 0 0
Oracle Corp. COM 68389X105 9,512 197,186 SH   SOLE   197,186 0 0
Pfizer Inc. COM 717081103 15,785 428,925 SH   SOLE   428,925 0 0
Procter & Gamble Co. COM 742718109 617 8,583 SH   SOLE   8,583 0 0
PNC Financial Services Group Inc. COM 693475105 21,651 206,926 SH   SOLE   206,926 0 0
PPL Corp. COM 69351T106 12,065 291,073 SH   SOLE   291,073 0 0
Petrochina Co. Ltd. - ADR COM 71646E100 5,063 23,181 SH   SOLE   23,181 0 0
Royal Dutch Shell PLC ADR A COM 780259206 3,687 5,233 SH   SOLE   5,233 0 0
Reinsurance Group of America COM 759351604 9,686 73,822 SH   SOLE   73,822 0 0
Select Medical Holdings Corp. COM 81619Q105 7,966 738,272 SH   SOLE   738,272 0 0
Sumitomo MITSUI-SPONS ADR COM 86562M209 3,691 32,061 SH   SOLE   32,061 0 0
Sasol Ltd. - ADR COM 803866300 1,005 36,119 SH   SOLE   36,119 0 0
State Street Corp. COM 857477103 13,339 157,068 SH   SOLE   157,068 0 0
Stanley Black & Decker Inc. COM 854502101 3,704 38,198 SH   SOLE   38,198 0 0
Tidewater Inc. COM 886423102 5,521 302,307 SH   SOLE   302,307 0 0
Teva Pharmaceutical - ADR COM 881624209 31,230 466,215 SH   SOLE   466,215 0 0
Tupperware Brands Corp. COM 899896104 11,231 168,854 SH   SOLE   168,854 0 0
Union Pacific Corp. COM 907818108 8,753 99,000 SH   SOLE   99,000 0 0
U.S. Bancorp. COM 902973304 333 8,123 SH   SOLE   8,123 0 0
United Technologies Corp. COM 913017109 395 4,435 SH   SOLE   4,435 0 0
Telefonica Brasil SA - ADR COM 87936R106 668 73,137 SH   SOLE   73,137 0 0
Verizon Communications Inc. COM 92343V104 21,920 422,917 SH   SOLE   422,917 0 0
Walgreens Boots Alliance Inc. COM 931427108 19,371 188,343 SH   SOLE   188,343 0 0
Wells Fargo Co. COM 949746101 324 6,311 SH   SOLE   6,311 0 0
Wal-Mart Stores Inc. COM 931142103 1,297 20,004 SH   SOLE   20,004 0 0
Exxon Mobil Corp. COM 30231G102 706 9,497 SH   SOLE   9,497 0 0