Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Unitedhealth Group Inc.	130,975	$15.98M	3.3%	—	—	COM	91324p102
KR	Kroger Co.	219,569	$15.92M	3.3%	—	—	COM	501044101
PM	Philip Morris International	189,444	$15.19M	3.2%	—	—	COM	718172109
BK	Bank of New York Mellon Corp	345,054	$14.48M	3.0%	—	—	COM	064058100
PEP	Pepsico Inc.	142,464	$13.3M	2.8%	—	—	COM	713448108
—	Molson Coors Brewing Co	179,299	$12.52M	2.6%	—	—	COM	60871r209
MSFT	Microsoft Corp.	244,839	$10.81M	2.3%	—	—	COM	594918104
—	Hospira Inc.	118,472	$10.51M	2.2%	—	—	COM	441060100
—	Medtronic PLC	139,583	$10.34M	2.2%	—	—	COM	g5960l103
—	America Movil ADR	484,219	$10.32M	2.1%	—	—	COM	02364W105
CVS	CVS Health Corp.	95,649	$10.03M	2.1%	—	—	COM	126650100
—	Zimmer Biomet Holdings	90,864	$9.925M	2.1%	—	—	COM	98956p102
TELFY	Telefonica S.A. ADR	685,380	$9.732M	2.0%	—	—	FOR	879382208
ELV	Anthem, Inc.	56,294	$9.24M	1.9%	—	—	COM	036752103
BP	BP p.l.c.	228,302	$9.123M	1.9%	—	—	COM	055622104
JNJ	Johnson & Johnson	91,926	$8.959M	1.9%	—	—	COM	478160104
—	The Travelers Companies Inc.	86,168	$8.329M	1.7%	—	—	COM	89417e109
BEN	Franklin Resources Inc.	168,955	$8.284M	1.7%	—	—	COM	354613101
—	Merck & Co.Inc. New	145,134	$8.262M	1.7%	—	—	COM	58933y105
HRB	H & R Block Inc.	273,225	$8.101M	1.7%	—	—	COM	093671105
GLW	Corning Inc	375,201	$7.403M	1.5%	—	—	COM	219350105
—	Altria Group Inc.	146,800	$7.18M	1.5%	—	—	COM	02209s103
—	Mastercard Inc.	70,410	$6.582M	1.4%	—	—	COM	57636q104
—	Express Scripts Inc.	73,997	$6.581M	1.4%	—	—	COM	30219g108
WMT	Wal Mart Stores	91,392	$6.482M	1.3%	—	—	COM	931142103
MRSH	Marsh & McLennan Co.	114,137	$6.472M	1.3%	—	—	COM	571748102
—	Credit Suisse Group ADR	227,468	$6.278M	1.3%	—	—	COM	225401108
BAC	Bank of America Corp	368,869	$6.278M	1.3%	—	—	COM	060505104
—	Glaxo SmithKline PLC	146,482	$6.101M	1.3%	—	—	COM	37733W105
—	Unilever NV New York Shs	138,928	$5.813M	1.2%	—	—	COM	904784709
WU	Western Union Company	276,045	$5.612M	1.2%	—	—	COM	959802109
CAG	ConAgra Foods Inc.	127,835	$5.589M	1.2%	—	—	COM	205887102
—	Discovery Communications Serie	166,911	$5.551M	1.2%	—	—	COM	25470f104
—	Dr. Pepper Snapple Group	75,737	$5.521M	1.1%	—	—	COM	26138e109
KO	Coca-Cola Company	136,874	$5.37M	1.1%	—	—	COM	191216100
—	Quest Diagnostics Inc.	72,970	$5.292M	1.1%	—	—	COM	74834l100
PG	Procter & Gamble Co.	65,953	$5.16M	1.1%	—	—	COM	742718109
—	Precision Castparts Corp	25,256	$5.048M	1.1%	—	—	COM	740189105
—	Dow Chemical Company	96,002	$4.912M	1.0%	—	—	COM	260543103
AFL	AFLAC Inc.	76,270	$4.744M	1.0%	—	—	COM	001055102
ORCL	Oracle Corp	116,621	$4.7M	1.0%	—	—	COM	68389X105
—	Valero Energy Corp.	72,850	$4.56M	0.9%	—	—	COM	91913y100
C	Citigroup Inc.	80,648	$4.455M	0.9%	—	—	COM	172967424
BDX	Becton Dickinson & Co	30,175	$4.274M	0.9%	—	—	COM	075887109
—	Comcast Corp Cl A	67,105	$4.036M	0.8%	—	—	COM	20030n101
CPF	Central Pacific Financial Co	166,722	$3.96M	0.8%	—	—	COM	154760409
ABT	Abbott Laboratories	77,821	$3.819M	0.8%	—	—	COM	002824100
CVX	Chevron Corp.	39,323	$3.793M	0.8%	—	—	COM	166764100
—	E. I. Du Pont De Nemours	57,050	$3.648M	0.8%	—	—	COM	263534109
—	Unum Group	95,721	$3.422M	0.7%	—	—	COM	91529y106
HD	Home Depot Inc.	28,191	$3.133M	0.7%	—	—	COM	437076102
—	Visa, Inc.	44,048	$2.958M	0.6%	—	—	COM	92826c839
—	Berkshire Hathaway Inc. Class	21,500	$2.926M	0.6%	—	—	COM	084670207
PFE	Pfizer Inc.	86,322	$2.894M	0.6%	—	—	COM	717081103
—	Intel Corp.	94,737	$2.881M	0.6%	—	—	COM	458140101
—	American International Group	44,464	$2.749M	0.6%	—	—	COM	026874107
—	Apollo Education Group, Inc.	192,852	$2.484M	0.5%	—	—	COM	037604105
LOW	Lowes Companies	36,820	$2.466M	0.5%	—	—	COM	548661107
PAYX	Paychex Inc.	49,285	$2.31M	0.5%	—	—	COM	704326107
—	Twenty-First Century Fox Cl A	70,076	$2.281M	0.5%	—	—	COM	90130a101
BTI	British American Tobacco	20,250	$2.192M	0.5%	—	—	COM	110448107
CYH	Community Health Systems, Inc.	34,274	$2.158M	0.4%	—	—	COM	203668108
—	Diageo PLC ADR	18,274	$2.121M	0.4%	—	—	COM	25243q205
—	ConocoPhillips	34,225	$2.102M	0.4%	—	—	COM	20825c104
MCD	McDonalds Corp	21,154	$2.011M	0.4%	—	—	COM	580135101
VZ	Verizon Communications	43,127	$2.01M	0.4%	—	—	COM	92343V104
—	Viacom Inc. Class B	29,770	$1.924M	0.4%	—	—	COM	92553p201
AGCO	AGCO Corp	33,055	$1.877M	0.4%	—	—	COM	001084102
—	Alliance One International	76,821	$1.837M	0.4%	—	—	COM	018772103
BA	Boeing Company	12,897	$1.789M	0.4%	—	—	COM	097023105
—	Legg Mason Inc.	34,470	$1.776M	0.4%	—	—	COM	524901105
—	Coach Inc.	51,000	$1.765M	0.4%	—	—	COM	189754104
BAX	Baxter International Inc.	24,731	$1.729M	0.4%	—	—	COM	071813109
—	Alkermes PLC	26,851	$1.728M	0.4%	—	—	COM	g01767105
—	CST Brands, Inc.	43,312	$1.692M	0.4%	—	—	COM	12646r105
—	AT & T, Inc. New	47,175	$1.676M	0.3%	—	—	COM	00206r102
MDLZ	Mondelez International, Inc.	40,516	$1.667M	0.3%	—	—	COM	609207105
—	Textainer Group Holdings Limit	63,700	$1.657M	0.3%	—	—	COM	g8766e109
—	Waddell & Reed Financial	35,008	$1.656M	0.3%	—	—	COM	930059100
CSCO	Cisco Sys Inc.	59,845	$1.643M	0.3%	—	—	COM	17275R102
—	Monster Beverage Corp.	12,100	$1.622M	0.3%	—	—	COM	611740101
—	Costco Wholesale Corp	11,449	$1.546M	0.3%	—	—	COM	22160k105
—	DirecTV	16,159	$1.499M	0.3%	—	—	COM	25459a309
—	Time Warner Inc.	16,776	$1.466M	0.3%	—	—	COM	887317303
PSX	Phillips 66	17,010	$1.37M	0.3%	—	—	COM	718546104
UPS	United Parcel Service Inc.	13,328	$1.292M	0.3%	—	—	COM	911312106
—	Raytheon Company	13,500	$1.292M	0.3%	—	—	COM	755111507
XOM	Exxon Mobil Corp	15,534	$1.292M	0.3%	—	—	COM	30231G102
—	AbbVie, Inc.	19,171	$1.288M	0.3%	—	—	COM	00287y109
—	Vitamin Shoppe, Inc.	33,660	$1.255M	0.3%	—	—	COM	92849E101
YUM	Yum! Brands, Inc.	13,372	$1.205M	0.3%	—	—	COM	988498101
—	General Motors Company	36,017	$1.2M	0.2%	—	—	COM	37045v100
—	Kraft Foods Group, Inc	13,224	$1.126M	0.2%	—	—	COM	50076q106
SJM	J.M. Smucker Co.	10,230	$1.109M	0.2%	—	—	COM	832696405
—	LyondellBasell Industries N.V.	10,500	$1.087M	0.2%	—	—	FOR	n53745100
—	Royal Dutch Shell PLC	18,603	$1.061M	0.2%	—	—	FOR	780259206
NKE	Nike Inc Class B	9,670	$1.045M	0.2%	—	—	COM	654106103
ADP	Automatic Data Processing	11,100	$891K	0.2%	—	—	COM	053015103
AAPL	Apple Computer Inc.	6,325	$793K	0.2%	—	—	COM	037833100
—	Ingersoll Rand Co	11,500	$775K	0.2%	—	—	COM	g47791101
USB	US Bancorp Delaware New	16,160	$701K	0.1%	—	—	COM	902973304
—	AETNA Inc.	5,315	$677K	0.1%	—	—	COM	00817y108
AXP	American Express Co.	8,068	$627K	0.1%	—	—	COM	025816109
LINC	Lincoln Educational	294,243	$594K	0.1%	—	—	COM	533535100
WAFD	Washington Federal	24,170	$564K	0.1%	—	—	COM	938824109
—	General Electric Co.	21,023	$559K	0.1%	—	—	COM	369604103
—	Interpublic Group	27,338	$527K	0.1%	—	—	COM	460690100
—	Laboratory Corp. of America	4,305	$522K	0.1%	—	—	COM	50540r409
—	Apache Corp	8,955	$516K	0.1%	—	—	COM	037411105
—	Hewlett Packard	16,408	$492K	0.1%	—	—	COM	428236103
—	ManpowerGroup Inc.	5,450	$487K	0.1%	—	—	COM	56418h100
DIS	Walt Disney Holding Co.	4,207	$480K	0.1%	—	—	COM	254687106
KELYA	Kelley Services,Inc.	28,428	$436K	0.1%	—	—	COM	488152208
SBUX	Starbucks Corp	7,554	$405K	0.1%	—	—	COM	855244109
BMY	Bristol Myers Squibb Co.	5,043	$336K	0.1%	—	—	COM	110122108
—	Gruma SA ADR	6,128	$316K	0.1%	—	—	FOR	400131306
—	Ameriprise Financial Inc.	2,498	$312K	0.1%	—	—	COM	03076c106
—	Nordstrom Inc.	4,078	$304K	0.1%	—	—	COM	655664100
CIGI	Colliers International Group	7,460	$287K	0.1%	—	—	COM	194693107
TM	Toyota Motor Corp ADR	2,125	$284K	0.1%	—	—	FOR	892331307
CCHGY	Coca-Cola HBC AG ADR Unsponsor	13,200	$283K	0.1%	—	—	FOR	191223205
—	Google Inc. Voting Class	515	$278K	0.1%	—	—	COM	38259p508
—	Principal Financial Group	5,322	$273K	0.1%	—	—	COM	74251v102
—	Discovery Communications Serie	8,598	$267K	0.1%	—	—	COM	25470F302
—	SK Telecom ADR	10,508	$260K	0.1%	—	—	FOR	78440p108
—	Plum Creek Timber Company	6,410	$260K	0.1%	—	—	COM	729251108
—	Weight Watchers Intl. Inc.	51,777	$251K	0.1%	—	—	COM	948626106
—	Wells Fargo & Co.	4,460	$251K	0.1%	—	—	COM	949974610
—	PetroChina Company Limited ADR	2,250	$249K	0.1%	—	—	FOR	71646e100
NWL	Newell Rubbermaid Inc.	5,850	$240K	0.0%	—	—	COM	651229106
WM	Waste Management Inc. Del	5,180	$240K	0.0%	—	—	COM	94106L109
—	Allegion PLC	3,835	$231K	0.0%	—	—	COM	0176j1097
ANDE	Andersons Inc.	5,890	$230K	0.0%	—	—	COM	034164103
—	Daimler A G	2,384	$219K	0.0%	—	—	COM	d1668r123
—	FirstService Corp Voting Share	7,460	$207K	0.0%	—	—	COM	33767e103
—	CDK Global, Inc.	3,838	$207K	0.0%	—	—	COM	12508e101
BRK/A	Berkshire Hathaway Inc. Class	1	$205K	0.0%	—	—	COM	084670108
QCOM	Qualcomm Inc	3,216	$201K	0.0%	—	—	COM	747525103
—	Arcos Dorados Hldgs.	19,998	$105K	0.0%	—	—	FOR	g0457f107
NOK	Nokia Corp Sponsored ADR	13,760	$94,000	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$21,000	0.0%	—	—	COM	46489v104
—	Willbros Group, Inc	14,825	$19,000	0.0%	—	—	COM	969203108