Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ADP	Auto Data Processing	132,732	$17.4M	6.3%	$53.78	+125.3%	COM	053015103
—	VISA Inc.	115,520	$15.24M	5.5%	$79.35	—	COM	92826c839
—	Unilever Plc	279,596	$14.61M	5.3%	$40.71	—	COM	904767704
VZ	Verizon Communications	208,794	$11.74M	4.3%	$33.36	+15.8%	COM	92343V104
—	Alphabet Inc Cl C	11,216	$11.62M	4.2%	$758.22	—	COM	02079k107
UPS	United Parcel Svc Cl B	103,382	$10.08M	3.7%	$62.72	+30.9%	COM	911312106
COST	Costco Whsl Corp New	46,848	$9.543M	3.5%	$135.19	+49.4%	COM	22160K105
TJX	Tjx Cos Inc New	198,649	$8.888M	3.2%	$36.24	+26.6%	COM	872540109
ADI	Analog Devices Inc Com	98,058	$8.416M	3.1%	$45.17	+67.9%	COM	032654105
—	Alphabet Inc Cl A	7,448	$7.783M	2.8%	$726.46	—	COM	02079k305
DHR	Danaher Corp Del	66,651	$6.873M	2.5%	$71.66	+22.7%	COM	235851102
—	AT&T Inc	239,365	$6.831M	2.5%	$34.19	—	COM	00206r102
—	Linde PLC	42,650	$6.655M	2.4%	$156.04	—	COM	g5494j103
—	AbbVie Inc.	68,406	$6.306M	2.3%	$56.27	—	COM	00287y109
—	Booking Holdings	3,653	$6.292M	2.3%	$2078.43	—	COM	09857l108
—	Mercadolibre Inc.	21,183	$6.203M	2.2%	$121.98	—	COM	58733r102
—	Swiss RE AG Sedol# B545MG5 CH	67,220	$6.127M	2.2%	$86.31	—	COM	h8431b109
EBAY	Ebay Inc Com	215,323	$6.044M	2.2%	$24.94	+5.0%	COM	278642103
EMR	Emerson Elec Co	96,691	$5.777M	2.1%	$46.51	+22.6%	COM	291011104
—	Keyence Corp 6861 JP Sedol 64	11,067	$5.52M	2.0%	$484.11	—	COM	j32491102
ECL	Ecolab Inc	37,171	$5.477M	2.0%	$112.21	+26.1%	COM	278865100
AAPL	Apple Inc	28,641	$4.518M	1.6%	$33.03	+39.3%	COM	037833100
PNC	Pnc Financial Service Group	35,397	$4.138M	1.5%	$108.17	-8.5%	COM	693475105
—	Novartis Adr	47,065	$4.039M	1.5%	$91.40	—	COM	66987v109
CL	Colgate Palmolive	65,552	$3.902M	1.4%	$54.04	-2.1%	COM	194162103
—	HDFC Bank Limited ADR	36,255	$3.756M	1.4%	$98.77	—	COM	40415f101
AMZN	Amazon Com Inc	2,422	$3.638M	1.3%	$38.57	+115.6%	COM	023135106
—	Hcp Inc. Reit	127,396	$3.558M	1.3%	$27.68	—	COM	40414L109
—	Chubb Ltd	25,778	$3.33M	1.2%	$133.39	—	COM	h1467j104
INTC	Intel Corp	68,253	$3.203M	1.2%	$19.54	+105.7%	COM	458140100
EXPD	Expeditors Intl Wash Inc.	46,418	$3.161M	1.1%	$41.84	+53.7%	COM	302130109
—	Novozymes A/S B Shs sedol# B79	60,303	$2.711M	1.0%	$35.24	—	COM	k7317j133
—	ASSA ABLOY Sedol# BYPC1T4 SE	146,435	$2.665M	1.0%	$22.79	—	COM	w0817x204
TCTZF	Tencent Holdings Sedol# BMMV2K	65,858	$2.641M	1.0%	$33.25	+13.3%	COM	G87572163
—	Vestas Wind Sys New Ordf Sedol	34,785	$2.629M	1.0%	$82.13	—	COM	k9773j128
—	Cyrusone Inc.	49,259	$2.605M	0.9%	$55.63	—	COM	23283r100
KUBTF	Kubota Corp Sedol 6497509 JP	185,416	$2.588M	0.9%	$15.23	+4.9%	COM	J36662138
AXAHY	AXA common ADR	114,818	$2.456M	0.9%	$25.45	—	COM	054536107
—	Croda International PLC Sedol	39,339	$2.347M	0.9%	$50.62	—	COM	g25536148
FMX	Fomento Economico Mexicano Sa	21,664	$1.864M	0.7%	$93.31	—	COM	344419106
—	Nordea Bank AB sedol BYZF9J9 S	218,252	$1.746M	0.6%	$8.00	—	COM	x5s8vl105
TCEHY	Tencent Holdings	40,386	$1.594M	0.6%	$39.24	—	COM	88032Q109
NVZMY	Novozymes A/S B Shs ADR	34,815	$1.558M	0.6%	$40.55	—	COM	670108109
—	PayPal Holdings, Inc.	18,089	$1.521M	0.6%	$39.03	—	COM	70450y103
EALDX	Eaton Vance Short Duration Gov	168,427	$1.378M	0.5%	$8.23	—	MF	277911160
—	Glaxo Smith Kline Plc	32,951	$1.259M	0.5%	$41.23	—	COM	37733W105
—	Oracle Corp	27,394	$1.237M	0.4%	$35.44	—	COM	68389x105
—	Citrix Systems Inc.	11,120	$1.139M	0.4%	$63.04	—	COM	177376100
—	Bemis Co Inc	23,386	$1.073M	0.4%	$43.00	—	COM	081437105
HD	Home Depot Inc	6,011	$1.033M	0.4%	$91.90	+63.6%	COM	437076102
DLR	Digital Realty Trust	9,173	$977K	0.4%	$71.90	+19.8%	COM	253868103
—	Novo-Nordisk A/S Sedol# 707752	21,125	$957K	0.3%	$64.77	—	COM	k72807132
SBUX	Starbucks Corp	13,060	$841K	0.3%	$36.39	+47.4%	COM	855244109
MSFT	Microsoft Corp	8,249	$838K	0.3%	$50.18	+99.3%	COM	594918104
PG	Procter & Gamble Co	8,381	$770K	0.3%	$58.80	+27.1%	COM	742718109
PEP	Pepsico Incorporated	6,655	$735K	0.3%	$65.63	+38.2%	COM	713448108
JNJ	Johnson And Johnson Com	5,563	$718K	0.3%	$68.21	+67.3%	COM	478160104
—	WP Carey Inc	10,735	$701K	0.3%	$67.24	—	COM	92936u109
—	3m Company Com	3,434	$654K	0.2%	$133.43	—	COM	88579y101
MCD	Mc Donalds Corp	3,593	$638K	0.2%	$71.80	+109.1%	COM	580135101
—	Exxon Mobil Corp Com	8,743	$596K	0.2%	$89.78	—	COM	30231g102
—	Ingevity Corp	6,875	$575K	0.2%	$44.30	—	COM	45688c107
IBM	Int'l Business Machines Corp	4,781	$543K	0.2%	$115.77	-24.0%	COM	459200101
ABT	Abbott Laboratories	7,453	$539K	0.2%	$31.71	+96.0%	COM	002824100
VFIAX	Vanguard 500 Index	2,302	$533K	0.2%	$250.88	—	MF	922908710
AMAT	Applied Materials	15,903	$521K	0.2%	$44.29	-28.4%	COM	038222105
AOS	AO Smith Corp	12,062	$515K	0.2%	$53.09	-24.0%	COM	831865209
—	Merck & Co Inc New	5,800	$443K	0.2%	$63.19	—	COM	58933y105
—	Telenor ASA Sedol # 4732495 NO	22,510	$436K	0.2%	$18.12	—	COM	r21882106
PFE	Pfizer Incorporated	9,960	$435K	0.2%	$22.15	+35.6%	COM	717081103
—	Unilever N V Ny Shs Newf N Y R	7,650	$412K	0.1%	$39.76	—	COM	904784709
GWW	Grainger Ww Inc.	1,454	$411K	0.1%	$194.80	+38.9%	COM	384802104
WAB	Westinghouse Air Brake Tech. C	5,515	$387K	0.1%	$54.63	+53.0%	COM	929740108
NKE	Nike Inc	4,800	$356K	0.1%	$46.12	+47.8%	COM	654106103
ITW	Illinois Tool Works Inc	2,749	$348K	0.1%	$49.85	+121.7%	COM	452308109
CVX	Chevron Corporation	3,145	$342K	0.1%	$72.28	+17.2%	COM	166764100
MAR	Marriott International Inc.	2,795	$303K	0.1%	$65.50	+65.7%	COM	571903202
—	Iron Mountain Inc	9,200	$298K	0.1%	$35.00	—	COM	46284v101
O	Realty Income Corp	4,300	$271K	0.1%	$36.01	+17.7%	COM	756109104
ILMN	Illumina Inc	858	$257K	0.1%	$229.19	+35.2%	COM	452327109
SO	Southern Co.	5,300	$233K	0.1%	$32.85	+4.3%	COM	842587107
—	Seven & I Holdings Ltd 3382 JP	5,300	$229K	0.1%	$37.20	—	COM	j7165h108
—	Astellas Pharma Japan sedol 69	17,600	$228K	0.1%	$13.55	—	COM	j03393105
—	Kellogg Company	3,950	$225K	0.1%	$50.13	-7.4%	COM	487836108
—	Orsted A/S Sedol# BYT16L4 DK	3,242	$217K	0.1%	$64.85	—	COM	k7653q105
SSREY	Swiss RE AG ADR	9,051	$207K	0.1%	$23.02	—	COM	870886108
—	Aust&New Zealnd Bkg Ordf Sedol	11,950	$206K	0.1%	$17.24	—	COM	q09504137
—	National Australian Bank sedol	11,970	$203K	0.1%	$16.96	—	COM	q65336119
TTRAF	Telstra Ltd sedol 6087289AU	97,600	$196K	0.1%	$4.69	-54.1%	COM	Q8975N105
—	Nordea Bank ADR	21,852	$183K	0.1%	$8.37	—	COM	65558r109
CRAIX	Cra Qualified Investment Fund	13,949	$144K	0.1%	$10.54	—	MF	20368N103
LALDX	Lord Abbett Short Duration Inc	31,779	$132K	0.0%	$4.20	—	MF	543916100
—	BYD Co Ltd sedol 6536651 HK	19,400	$124K	0.0%	$5.54	—	COM	Y1023r104
—	Svenska Handelsbanken ADR	12,250	$68,000	0.0%	$7.24	—	COM	86959c103
SVAIX	Federated Strategic Value Div	10,016	$52,000	0.0%	$5.19	—	MF	314172560