Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Molson Coors Brewing Co	257,614	$19.18M	4.0%	—	—	COM	60871r209
PEP	Pepsico Inc.	160,879	$14.98M	3.1%	—	—	COM	713448108
PM	Philip Morris International	178,554	$14.89M	3.1%	—	—	COM	718172109
BK	Bank of New York Mellon Corp	352,454	$13.65M	2.8%	—	—	COM	064058100
KR	Kroger Co.	245,584	$12.77M	2.7%	—	—	COM	501044101
—	America Movil ADR	497,969	$12.55M	2.6%	—	—	COM	02364W105
—	Unitedhealth Group Inc.	137,995	$11.9M	2.5%	—	—	COM	91324p102
MSFT	Microsoft Corp.	252,882	$11.72M	2.4%	—	—	COM	594918104
TELFY	Telefonica S.A. ADR	681,114	$10.47M	2.2%	—	—	FOR	879382208
BP	BP p.l.c.	231,642	$10.18M	2.1%	—	—	COM	055622104
JNJ	Johnson & Johnson	93,726	$9.99M	2.1%	—	—	COM	478160104
—	Zimmer Holdings	93,267	$9.378M	2.0%	—	—	COM	98956p102
HRB	H & R Block Inc.	292,390	$9.067M	1.9%	—	—	COM	093671105
—	Medtronic Inc.	146,345	$9.066M	1.9%	—	—	COM	585055106
BEN	Franklin Resources Inc.	162,481	$8.873M	1.8%	—	—	COM	354613101
—	Merck & Co.Inc. New	147,484	$8.743M	1.8%	—	—	COM	58933y105
—	The Travelers Companies Inc.	88,368	$8.301M	1.7%	—	—	COM	89417e109
WMT	Wal Mart Stores	102,559	$7.843M	1.6%	—	—	COM	931142103
CVS	CVS Caremark Corp	98,124	$7.81M	1.6%	—	—	COM	126650100
—	Wellpoint Inc.	63,396	$7.583M	1.6%	—	—	COM	94973v107
GLW	Corning Inc	383,301	$7.413M	1.5%	—	—	COM	219350105
—	Altria Group Inc.	149,537	$6.87M	1.4%	—	—	COM	02209s103
MRSH	Marsh & McLennan Co.	127,421	$6.669M	1.4%	—	—	COM	571748102
—	Hospira Inc.	127,307	$6.624M	1.4%	—	—	COM	441060100
WU	Western Union Company	397,570	$6.377M	1.3%	—	—	COM	959802109
—	Credit Suisse Group ADR	224,878	$6.216M	1.3%	—	—	COM	225401108
—	Glaxo SmithKline PLC	133,518	$6.138M	1.3%	—	—	COM	37733W105
BAC	Bank of America Corp	358,429	$6.111M	1.3%	—	—	COM	060505104
—	Unilever NV New York Shs	141,778	$5.626M	1.2%	—	—	COM	904784709
—	Apollo Education Group, Inc.	223,554	$5.622M	1.2%	—	—	COM	037604105
PG	Procter & Gamble Co.	66,903	$5.602M	1.2%	—	—	COM	742718109
—	Dr. Pepper Snapple Group	83,237	$5.353M	1.1%	—	—	COM	26138e109
—	Weight Watchers Intl. Inc.	195,073	$5.353M	1.1%	—	—	COM	948626106
—	Express Scripts Inc.	75,725	$5.348M	1.1%	—	—	COM	30219g108
—	Mastercard Inc.	71,510	$5.286M	1.1%	—	—	COM	57636q104
KO	Coca-Cola Company	123,837	$5.283M	1.1%	—	—	COM	191216100
—	Dow Chemical Company	98,722	$5.177M	1.1%	—	—	COM	260543103
ORCL	Oracle Corp	133,895	$5.126M	1.1%	—	—	COM	68389X105
—	Quest Diagnostics Inc.	78,950	$4.791M	1.0%	—	—	COM	74834l100
CVX	Chevron Corp.	39,631	$4.729M	1.0%	—	—	COM	166764100
CAG	ConAgra Foods Inc.	139,705	$4.616M	1.0%	—	—	COM	205887102
BDX	Becton Dickinson & Co	39,900	$4.541M	0.9%	—	—	COM	075887109
AFL	AFLAC Inc.	77,770	$4.53M	0.9%	—	—	COM	001055102
C	Citigroup Inc.	86,029	$4.458M	0.9%	—	—	COM	172967424
PFE	Pfizer Inc.	145,628	$4.306M	0.9%	—	—	COM	717081103
—	Comcast Corp Cl A	68,886	$3.705M	0.8%	—	—	COM	20030n101
—	E. I. Du Pont De Nemours	51,600	$3.703M	0.8%	—	—	COM	263534109
—	Valero Energy Corp.	73,450	$3.399M	0.7%	—	—	COM	91913y100
—	Intel Corp.	96,577	$3.363M	0.7%	—	—	COM	458140101
ABT	Abbott Laboratories	79,371	$3.301M	0.7%	—	—	COM	002824100
CPF	Central Pacific Financial Co	175,672	$3.15M	0.7%	—	—	COM	154760409
XOM	Exxon Mobil Corp	33,122	$3.115M	0.6%	—	—	COM	30231G102
—	CST Brands, Inc.	84,519	$3.038M	0.6%	—	—	COM	12646r105
—	Berkshire Hathaway Inc. Class	21,900	$3.025M	0.6%	—	—	COM	084670207
HD	Home Depot Inc.	30,191	$2.77M	0.6%	—	—	COM	437076102
—	Precision Castparts Corp	11,416	$2.704M	0.6%	—	—	COM	740189105
—	ConocoPhillips	34,675	$2.653M	0.6%	—	—	COM	20825c104
—	American International Group	45,539	$2.46M	0.5%	—	—	COM	026874107
—	Coach Inc.	67,300	$2.397M	0.5%	—	—	COM	189754104
—	Visa, Inc.	11,112	$2.371M	0.5%	—	—	COM	92826c839
BTI	British American Tobacco	20,400	$2.307M	0.5%	—	—	COM	110448107
PAYX	Paychex Inc.	51,135	$2.26M	0.5%	—	—	COM	704326107
VZ	Verizon Communications	43,427	$2.171M	0.5%	—	—	COM	92343V104
AGCO	AGCO Corp	47,555	$2.162M	0.5%	—	—	COM	001084102
—	Diageo PLC ADR	18,624	$2.149M	0.4%	—	—	COM	25243q205
LOW	Lowes Companies	39,420	$2.086M	0.4%	—	—	COM	548661107
—	Apache Corp	21,345	$2.004M	0.4%	—	—	COM	037411105
CYH	Community Health Systems, Inc.	35,019	$1.919M	0.4%	—	—	COM	203668108
—	Legg Mason Inc.	36,020	$1.843M	0.4%	—	—	COM	524901105
—	Alliance One International	931,825	$1.836M	0.4%	—	—	COM	018772103
—	Avon Products Inc.	144,586	$1.822M	0.4%	—	—	COM	054303102
BAX	Baxter International Inc.	25,231	$1.811M	0.4%	—	—	COM	071813109
—	Waddell & Reed Financial	35,008	$1.81M	0.4%	—	—	COM	930059100
MCD	McDonalds Corp	17,704	$1.679M	0.3%	—	—	COM	580135101
BA	Boeing Company	13,147	$1.675M	0.3%	—	—	COM	097023105
—	Textainer Group Holdings Limit	52,300	$1.628M	0.3%	—	—	COM	g8766e109
CSCO	Cisco Sys Inc.	63,928	$1.609M	0.3%	—	—	COM	17275R102
—	AbbVie, Inc.	27,371	$1.581M	0.3%	—	—	COM	00287y109
—	Costco Wholesale Corp	12,397	$1.554M	0.3%	—	—	COM	22160k105
—	Vitamin Shoppe, Inc.	34,960	$1.552M	0.3%	—	—	COM	92849E101
—	AT & T, Inc. New	43,123	$1.52M	0.3%	—	—	COM	00206r102
MDLZ	Mondelez International, Inc.	41,760	$1.431M	0.3%	—	—	COM	609207105
—	DirecTV	16,373	$1.417M	0.3%	—	—	COM	25459a309
—	Raytheon Company	13,800	$1.402M	0.3%	—	—	COM	755111507
PSX	Phillips 66	17,210	$1.399M	0.3%	—	—	COM	718546104
—	Unum Group	38,804	$1.334M	0.3%	—	—	COM	91529y106
UPS	United Parcel Service Inc.	13,324	$1.31M	0.3%	—	—	COM	911312106
—	Time Warner Inc.	16,776	$1.262M	0.3%	—	—	COM	887317303
—	Alkermes PLC	28,851	$1.237M	0.3%	—	—	COM	g01767105
—	General Motors Company	38,130	$1.218M	0.3%	—	—	COM	37045v100
—	Monster Beverage Corp.	13,100	$1.201M	0.3%	—	—	COM	611740101
—	LyondellBasell Industries N.V.	10,500	$1.141M	0.2%	—	—	FOR	n53745100
YUM	Yum! Brands, Inc.	15,472	$1.114M	0.2%	—	—	COM	988498101
—	General Electric Co.	41,272	$1.057M	0.2%	—	—	COM	369604103
ADP	Automatic Data Processing	11,950	$993K	0.2%	—	—	COM	053015103
—	Viacom Inc. Class B	12,550	$966K	0.2%	—	—	COM	92553p201
—	Royal Dutch Shell PLC	12,203	$929K	0.2%	—	—	FOR	780259206
NKE	Nike Inc Class B	10,326	$921K	0.2%	—	—	COM	654106103
RIG	Transocean LTD.	27,471	$878K	0.2%	—	—	COM	H8817H100
LINC	Lincoln Educational	286,745	$806K	0.2%	—	—	COM	533535100
—	Arcos Dorados Hldgs.	131,650	$787K	0.2%	—	—	FOR	g0457f107
—	Kraft Foods Group, Inc	13,611	$768K	0.2%	—	—	COM	50076q106
AXP	American Express Co.	8,068	$706K	0.1%	—	—	COM	025816109
USB	US Bancorp Delaware New	16,660	$697K	0.1%	—	—	COM	902973304
—	Ingersoll Rand Co	11,950	$674K	0.1%	—	—	COM	g47791101
BRC	Brady Corp	28,950	$650K	0.1%	—	—	COM	104674106
NEM	Newmont Mining Corp	26,825	$618K	0.1%	—	—	COM	651639106
AAPL	Apple Computer Inc.	6,125	$617K	0.1%	—	—	COM	037833100
—	Hewlett Packard	17,033	$604K	0.1%	—	—	COM	428236103
—	Interpublic Group	31,023	$568K	0.1%	—	—	COM	460690100
WAFD	Washington Federal	24,770	$504K	0.1%	—	—	COM	938824109
—	Laboratory Corp. of America	4,630	$471K	0.1%	—	—	COM	50540r409
—	Twenty-First Century Fox Cl A	13,390	$459K	0.1%	—	—	COM	90130a101
KELYA	Kelley Services,Inc.	28,428	$445K	0.1%	—	—	COM	488152208
—	AETNA Inc.	5,239	$424K	0.1%	—	—	COM	00817y108
DIS	Walt Disney Holding Co.	4,731	$421K	0.1%	—	—	COM	254687106
—	PetroChina Company Limited ADR	3,250	$418K	0.1%	—	—	FOR	71646e100
SBUX	Starbucks Corp	5,477	$413K	0.1%	—	—	COM	855244109
—	ManpowerGroup Inc.	5,750	$403K	0.1%	—	—	COM	56418h100
—	FirstService Corporation	7,460	$390K	0.1%	—	—	COM	33761N109
ANDE	Andersons Inc.	6,115	$385K	0.1%	—	—	COM	034164103
—	SK Telecom ADR	11,508	$349K	0.1%	—	—	FOR	78440p108
—	Discovery Communications Serie	8,598	$321K	0.1%	—	—	COM	25470F302
—	Ameriprise Financial Inc.	2,498	$308K	0.1%	—	—	COM	03076c106
TM	Toyota Motor Corp ADR	2,450	$288K	0.1%	—	—	FOR	892331307
QCOM	Qualcomm Inc	3,802	$284K	0.1%	—	—	COM	747525103
CCHGY	Coca-Cola HBC AG ADR Unsponsor	13,200	$283K	0.1%	—	—	FOR	191223205
—	Nordstrom Inc.	4,097	$280K	0.1%	—	—	COM	655664100
—	Petroleo Brasileiro SA	19,250	$273K	0.1%	—	—	COM	71654v408
—	Gruma SA ADR	6,328	$271K	0.1%	—	—	FOR	400131306
WM	Waste Management Inc. Del	5,580	$265K	0.1%	—	—	COM	94106L109
—	Plum Creek Timber Company	6,710	$262K	0.1%	—	—	COM	729251108
BMY	Bristol Myers Squibb Co.	5,043	$258K	0.1%	—	—	COM	110122108
—	Spectra Energy Corp.	6,121	$240K	0.0%	—	—	COM	847560109
—	Wells Fargo & Co.	4,460	$231K	0.0%	—	—	COM	949974610
—	Safeway Inc.	6,241	$214K	0.0%	—	—	COM	786514208
NWL	Newell Rubbermaid Inc.	6,150	$212K	0.0%	—	—	COM	651229106
BRK/A	Berkshire Hathaway Inc. Class	1	$207K	0.0%	—	—	COM	084670108
—	Anadarko Petroleum Corp.	2,000	$203K	0.0%	—	—	COM	032511107
VALU	Value Line Inc.	10,952	$175K	0.0%	—	—	COM	920437100
—	Vale S.A.	14,000	$154K	0.0%	—	—	FOR	91912e105
—	Willbros Group, Inc	17,425	$145K	0.0%	—	—	COM	969203108
NOK	Nokia Corp Sponsored ADR	13,760	$116K	0.0%	—	—	FOR	654902204
UTI	Universal Technical Institute	10,211	$95,000	0.0%	—	—	COM	913915104
—	Oi SA Preferred ADR	51,231	$36,000	0.0%	—	—	FOR	670851203
—	IsoRay, Inc.	14,218	$24,000	0.0%	—	—	COM	46489v104
—	Community Health CVR Series A	518,892	$18,000	0.0%	—	—	COM	203668116