Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Molson Coors Brewing Co	255,039	$19.01M	3.8%	—	—	COM	60871r209
KR	Kroger Co.	242,759	$15.59M	3.1%	—	—	COM	501044101
PM	Philip Morris International	183,929	$14.98M	3.0%	—	—	COM	718172109
PEP	Pepsico Inc.	155,639	$14.72M	2.9%	—	—	COM	713448108
BK	Bank of New York Mellon Corp	352,204	$14.29M	2.9%	—	—	COM	064058100
—	Unitedhealth Group Inc.	137,195	$13.87M	2.8%	—	—	COM	91324p102
MSFT	Microsoft Corp.	251,794	$11.7M	2.3%	—	—	COM	594918104
—	America Movil ADR	491,669	$10.9M	2.2%	—	—	COM	02364W105
—	Zimmer Holdings	92,942	$10.54M	2.1%	—	—	COM	98956p102
—	Medtronic Inc.	145,895	$10.53M	2.1%	—	—	COM	585055106
TELFY	Telefonica S.A. ADR	698,597	$9.927M	2.0%	—	—	FOR	879382208
HRB	H & R Block Inc.	291,740	$9.826M	2.0%	—	—	COM	093671105
JNJ	Johnson & Johnson	93,326	$9.759M	1.9%	—	—	COM	478160104
CVS	CVS Health Corp.	97,799	$9.419M	1.9%	—	—	COM	126650100
—	The Travelers Companies Inc.	87,821	$9.296M	1.9%	—	—	COM	89417e109
BEN	Franklin Resources Inc.	162,406	$8.992M	1.8%	—	—	COM	354613101
BP	BP p.l.c.	232,592	$8.866M	1.8%	—	—	COM	055622104
WMT	Wal Mart Stores	102,334	$8.788M	1.8%	—	—	COM	931142103
GLW	Corning Inc	382,301	$8.766M	1.7%	—	—	COM	219350105
—	Merck & Co.Inc. New	147,334	$8.367M	1.7%	—	—	COM	58933y105
ELV	Anthem, Inc.	63,136	$7.934M	1.6%	—	—	COM	036752103
—	Hospira Inc.	126,907	$7.773M	1.6%	—	—	COM	441060100
—	Apollo Education Group, Inc.	222,477	$7.589M	1.5%	—	—	COM	037604105
—	Altria Group Inc.	148,747	$7.329M	1.5%	—	—	COM	02209s103
MRSH	Marsh & McLennan Co.	126,971	$7.268M	1.5%	—	—	COM	571748102
WU	Western Union Company	391,251	$7.007M	1.4%	—	—	COM	959802109
—	Express Scripts Inc.	75,685	$6.408M	1.3%	—	—	COM	30219g108
BAC	Bank of America Corp	357,119	$6.389M	1.3%	—	—	COM	060505104
—	Mastercard Inc.	71,060	$6.123M	1.2%	—	—	COM	57636q104
PG	Procter & Gamble Co.	66,903	$6.094M	1.2%	—	—	COM	742718109
ORCL	Oracle Corp	133,251	$5.992M	1.2%	—	—	COM	68389X105
—	Dr. Pepper Snapple Group	83,087	$5.956M	1.2%	—	—	COM	26138e109
—	Glaxo SmithKline PLC	138,693	$5.928M	1.2%	—	—	COM	37733W105
KO	Coca-Cola Company	140,237	$5.921M	1.2%	—	—	COM	191216100
—	Credit Suisse Group ADR	224,278	$5.625M	1.1%	—	—	COM	225401108
—	Unilever NV New York Shs	141,778	$5.535M	1.1%	—	—	COM	904784709
BDX	Becton Dickinson & Co	37,875	$5.271M	1.1%	—	—	COM	075887109
CAG	ConAgra Foods Inc.	139,030	$5.044M	1.0%	—	—	COM	205887102
—	Quest Diagnostics Inc.	74,800	$5.016M	1.0%	—	—	COM	74834l100
—	Weight Watchers Intl. Inc.	194,673	$4.836M	1.0%	—	—	COM	948626106
AFL	AFLAC Inc.	77,670	$4.745M	0.9%	—	—	COM	001055102
C	Citigroup Inc.	85,719	$4.638M	0.9%	—	—	COM	172967424
PFE	Pfizer Inc.	144,678	$4.507M	0.9%	—	—	COM	717081103
—	Dow Chemical Company	98,722	$4.503M	0.9%	—	—	COM	260543103
CVX	Chevron Corp.	39,581	$4.44M	0.9%	—	—	COM	166764100
—	Comcast Corp Cl A	68,592	$3.979M	0.8%	—	—	COM	20030n101
—	E. I. Du Pont De Nemours	51,600	$3.815M	0.8%	—	—	COM	263534109
CPF	Central Pacific Financial Co	175,672	$3.777M	0.8%	—	—	COM	154760409
—	Valero Energy Corp.	73,350	$3.631M	0.7%	—	—	COM	91913y100
ABT	Abbott Laboratories	78,871	$3.551M	0.7%	—	—	COM	002824100
—	Intel Corp.	95,877	$3.479M	0.7%	—	—	COM	458140101
—	Berkshire Hathaway Inc. Class	21,900	$3.288M	0.7%	—	—	COM	084670207
HD	Home Depot Inc.	29,891	$3.138M	0.6%	—	—	COM	437076102
XOM	Exxon Mobil Corp	33,072	$3.058M	0.6%	—	—	COM	30231G102
—	Visa, Inc.	11,062	$2.9M	0.6%	—	—	COM	92826c839
—	Precision Castparts Corp	11,416	$2.75M	0.5%	—	—	COM	740189105
LOW	Lowes Companies	39,420	$2.712M	0.5%	—	—	COM	548661107
—	American International Group	45,539	$2.551M	0.5%	—	—	COM	026874107
—	Coach Inc.	67,150	$2.522M	0.5%	—	—	COM	189754104
—	Unum Group	70,104	$2.445M	0.5%	—	—	COM	91529y106
—	ConocoPhillips	34,675	$2.395M	0.5%	—	—	COM	20825c104
PAYX	Paychex Inc.	50,935	$2.352M	0.5%	—	—	COM	704326107
BTI	British American Tobacco	20,400	$2.2M	0.4%	—	—	COM	110448107
AGCO	AGCO Corp	47,455	$2.145M	0.4%	—	—	COM	001084102
—	Diageo PLC ADR	18,574	$2.119M	0.4%	—	—	COM	25243q205
VZ	Verizon Communications	43,427	$2.032M	0.4%	—	—	COM	92343V104
—	CST Brands, Inc.	45,847	$1.999M	0.4%	—	—	COM	12646r105
—	Legg Mason Inc.	35,920	$1.917M	0.4%	—	—	COM	524901105
CYH	Community Health Systems, Inc.	34,972	$1.886M	0.4%	—	—	COM	203668108
BAX	Baxter International Inc.	25,131	$1.842M	0.4%	—	—	COM	071813109
—	Textainer Group Holdings Limit	52,300	$1.795M	0.4%	—	—	COM	g8766e109
—	AbbVie, Inc.	27,071	$1.772M	0.4%	—	—	COM	00287y109
CSCO	Cisco Sys Inc.	63,528	$1.767M	0.4%	—	—	COM	17275R102
—	Costco Wholesale Corp	12,398	$1.757M	0.4%	—	—	COM	22160k105
—	Waddell & Reed Financial	35,008	$1.744M	0.3%	—	—	COM	930059100
BA	Boeing Company	13,097	$1.702M	0.3%	—	—	COM	097023105
—	Vitamin Shoppe, Inc.	34,960	$1.698M	0.3%	—	—	COM	92849E101
MCD	McDonalds Corp	17,654	$1.654M	0.3%	—	—	COM	580135101
—	Alkermes PLC	27,851	$1.631M	0.3%	—	—	COM	g01767105
MDLZ	Mondelez International, Inc.	41,566	$1.51M	0.3%	—	—	COM	609207105
UPS	United Parcel Service Inc.	13,325	$1.481M	0.3%	—	—	COM	911312106
—	Raytheon Company	13,650	$1.477M	0.3%	—	—	COM	755111507
—	AT & T, Inc. New	43,123	$1.449M	0.3%	—	—	COM	00206r102
—	Time Warner Inc.	16,776	$1.433M	0.3%	—	—	COM	887317303
—	DirecTV	16,309	$1.414M	0.3%	—	—	COM	25459a309
—	Alliance One International	876,225	$1.384M	0.3%	—	—	COM	018772103
—	Monster Beverage Corp.	12,600	$1.365M	0.3%	—	—	COM	611740101
—	Apache Corp	21,345	$1.338M	0.3%	—	—	COM	037411105
—	General Motors Company	38,142	$1.332M	0.3%	—	—	COM	37045v100
PSX	Phillips 66	17,210	$1.234M	0.2%	—	—	COM	718546104
YUM	Yum! Brands, Inc.	15,472	$1.127M	0.2%	—	—	COM	988498101
—	Royal Dutch Shell PLC	16,103	$1.078M	0.2%	—	—	FOR	780259206
NKE	Nike Inc Class B	10,326	$993K	0.2%	—	—	COM	654106103
ADP	Automatic Data Processing	11,800	$984K	0.2%	—	—	COM	053015103
—	Viacom Inc. Class B	12,500	$941K	0.2%	—	—	COM	92553p201
—	Kraft Foods Group, Inc	13,547	$849K	0.2%	—	—	COM	50076q106
LINC	Lincoln Educational	300,843	$842K	0.2%	—	—	COM	533535100
—	LyondellBasell Industries N.V.	10,500	$834K	0.2%	—	—	FOR	n53745100
SJM	J.M. Smucker Co.	7,600	$767K	0.2%	—	—	COM	832696405
—	Ingersoll Rand Co	11,950	$758K	0.2%	—	—	COM	g47791101
AXP	American Express Co.	8,068	$751K	0.1%	—	—	COM	025816109
USB	US Bancorp Delaware New	16,660	$749K	0.1%	—	—	COM	902973304
AAPL	Apple Computer Inc.	6,325	$698K	0.1%	—	—	COM	037833100
—	Hewlett Packard	16,833	$676K	0.1%	—	—	COM	428236103
—	Twenty-First Century Fox Cl A	16,876	$648K	0.1%	—	—	COM	90130a101
—	Interpublic Group	30,428	$632K	0.1%	—	—	COM	460690100
—	General Electric Co.	22,223	$562K	0.1%	—	—	COM	369604103
WAFD	Washington Federal	24,770	$549K	0.1%	—	—	COM	938824109
BRC	Brady Corp	18,950	$518K	0.1%	—	—	COM	104674106
RIG	Transocean LTD.	26,971	$494K	0.1%	—	—	COM	H8817H100
—	Laboratory Corp. of America	4,580	$494K	0.1%	—	—	COM	50540r409
—	Arcos Dorados Hldgs.	90,116	$488K	0.1%	—	—	FOR	g0457f107
KELYA	Kelley Services,Inc.	28,428	$484K	0.1%	—	—	COM	488152208
—	AETNA Inc.	5,314	$472K	0.1%	—	—	COM	00817y108
SBUX	Starbucks Corp	5,477	$449K	0.1%	—	—	COM	855244109
DIS	Walt Disney Holding Co.	4,707	$443K	0.1%	—	—	COM	254687106
—	TRW Automotive Holdings Group	4,000	$411K	0.1%	—	—	COM	87264s106
—	ManpowerGroup Inc.	5,750	$392K	0.1%	—	—	COM	56418h100
—	FirstService Corporation	7,460	$379K	0.1%	—	—	COM	33761N109
—	Ameriprise Financial Inc.	2,498	$330K	0.1%	—	—	COM	03076c106
ANDE	Andersons Inc.	6,115	$325K	0.1%	—	—	COM	034164103
—	Nordstrom Inc.	4,097	$325K	0.1%	—	—	COM	655664100
TM	Toyota Motor Corp ADR	2,450	$307K	0.1%	—	—	FOR	892331307
—	PetroChina Company Limited ADR	2,750	$305K	0.1%	—	—	FOR	71646e100
—	SK Telecom ADR	11,208	$303K	0.1%	—	—	FOR	78440p108
BMY	Bristol Myers Squibb Co.	5,043	$298K	0.1%	—	—	COM	110122108
—	Discovery Communications Serie	8,598	$290K	0.1%	—	—	COM	25470F302
WM	Waste Management Inc. Del	5,580	$286K	0.1%	—	—	COM	94106L109
QCOM	Qualcomm Inc	3,802	$283K	0.1%	—	—	COM	747525103
—	Plum Creek Timber Company	6,585	$282K	0.1%	—	—	COM	729251108
—	Google Inc. Voting Class	515	$273K	0.1%	—	—	COM	38259p508
—	Gruma SA ADR	6,328	$263K	0.1%	—	—	FOR	400131306
CCHGY	Coca-Cola HBC AG ADR Unsponsor	13,200	$250K	0.0%	—	—	FOR	191223205
—	Wells Fargo & Co.	4,460	$244K	0.0%	—	—	COM	949974610
NWL	Newell Rubbermaid Inc.	6,150	$234K	0.0%	—	—	COM	651229106
—	Avon Products Inc.	24,950	$234K	0.0%	—	—	COM	054303102
BRK/A	Berkshire Hathaway Inc. Class	1	$226K	0.0%	—	—	COM	084670108
—	Spectra Energy Corp.	6,121	$222K	0.0%	—	—	COM	847560109
—	Allegion PLC	3,968	$220K	0.0%	—	—	COM	0176j1097
—	Safeway Inc.	6,241	$219K	0.0%	—	—	COM	786514208
VALU	Value Line Inc.	10,252	$167K	0.0%	—	—	COM	920437100
—	Vale S.A.	14,000	$115K	0.0%	—	—	FOR	91912e105
—	Willbros Group, Inc	17,425	$109K	0.0%	—	—	COM	969203108
NOK	Nokia Corp Sponsored ADR	13,760	$108K	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$21,000	0.0%	—	—	COM	46489v104
—	Community Health CVR Series A	517,542	$13,000	0.0%	—	—	COM	203668116