Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KR	Kroger Co.	235,789	$18.08M	3.7%	—	—	COM	501044101
—	Molson Coors Brewing Co	241,299	$17.96M	3.6%	—	—	COM	60871r209
—	Unitedhealth Group Inc.	134,250	$15.88M	3.2%	—	—	COM	91324p102
PEP	Pepsico Inc.	148,464	$14.2M	2.9%	—	—	COM	713448108
BK	Bank of New York Mellon Corp	346,154	$13.93M	2.8%	—	—	COM	064058100
PM	Philip Morris International	183,969	$13.86M	2.8%	—	—	COM	718172109
—	Medtronic PLC	140,083	$10.93M	2.2%	—	—	COM	g5960l103
—	Zimmer Holdings	90,764	$10.67M	2.2%	—	—	COM	98956p102
—	Hospira Inc.	119,147	$10.47M	2.1%	—	—	COM	441060100
MSFT	Microsoft Corp.	245,494	$9.981M	2.0%	—	—	COM	594918104
CVS	CVS Health Corp.	95,999	$9.908M	2.0%	—	—	COM	126650100
—	America Movil ADR	482,819	$9.878M	2.0%	—	—	COM	02364W105
TELFY	Telefonica S.A. ADR	681,537	$9.78M	2.0%	—	—	FOR	879382208
ELV	Anthem, Inc.	61,994	$9.572M	1.9%	—	—	COM	036752103
—	The Travelers Companies Inc.	86,835	$9.389M	1.9%	—	—	COM	89417e109
JNJ	Johnson & Johnson	91,676	$9.223M	1.9%	—	—	COM	478160104
BP	BP p.l.c.	228,702	$8.945M	1.8%	—	—	COM	055622104
HRB	H & R Block Inc.	278,190	$8.922M	1.8%	—	—	COM	093671105
GLW	Corning Inc	374,401	$8.491M	1.7%	—	—	COM	219350105
—	Merck & Co.Inc. New	145,334	$8.354M	1.7%	—	—	COM	58933y105
BEN	Franklin Resources Inc.	161,805	$8.304M	1.7%	—	—	COM	354613101
WMT	Wal Mart Stores	100,142	$8.237M	1.7%	—	—	COM	931142103
—	Altria Group Inc.	146,800	$7.343M	1.5%	—	—	COM	02209s103
MRSH	Marsh & McLennan Co.	124,187	$6.966M	1.4%	—	—	COM	571748102
—	Express Scripts Inc.	74,297	$6.447M	1.3%	—	—	COM	30219g108
WU	Western Union Company	305,818	$6.364M	1.3%	—	—	COM	959802109
—	Dr. Pepper Snapple Group	79,487	$6.238M	1.3%	—	—	COM	26138e109
—	Glaxo SmithKline PLC	135,157	$6.237M	1.3%	—	—	COM	37733W105
—	Mastercard Inc.	70,460	$6.087M	1.2%	—	—	COM	57636q104
KO	Coca-Cola Company	145,924	$5.917M	1.2%	—	—	COM	191216100
—	Credit Suisse Group ADR	219,218	$5.904M	1.2%	—	—	COM	225401108
—	Unilever NV New York Shs	138,628	$5.789M	1.2%	—	—	COM	904784709
—	Quest Diagnostics Inc.	73,020	$5.612M	1.1%	—	—	COM	74834l100
ORCL	Oracle Corp	129,421	$5.585M	1.1%	—	—	COM	68389X105
BAC	Bank of America Corp	360,369	$5.546M	1.1%	—	—	COM	060505104
BDX	Becton Dickinson & Co	35,925	$5.158M	1.0%	—	—	COM	075887109
PG	Procter & Gamble Co.	62,753	$5.142M	1.0%	—	—	COM	742718109
CAG	ConAgra Foods Inc.	134,135	$4.9M	1.0%	—	—	COM	205887102
AFL	AFLAC Inc.	75,870	$4.856M	1.0%	—	—	COM	001055102
—	Dow Chemical Company	97,502	$4.678M	0.9%	—	—	COM	260543103
—	Valero Energy Corp.	73,350	$4.667M	0.9%	—	—	COM	91913y100
C	Citigroup Inc.	82,509	$4.251M	0.9%	—	—	COM	172967424
—	Discovery Communications Serie	136,261	$4.191M	0.8%	—	—	COM	25470f104
CVX	Chevron Corp.	39,233	$4.119M	0.8%	—	—	COM	166764100
—	Apollo Education Group, Inc.	211,052	$3.993M	0.8%	—	—	COM	037604105
CPF	Central Pacific Financial Co	168,772	$3.877M	0.8%	—	—	COM	154760409
—	Comcast Corp Cl A	67,105	$3.789M	0.8%	—	—	COM	20030n101
—	E. I. Du Pont De Nemours	50,900	$3.638M	0.7%	—	—	COM	263534109
ABT	Abbott Laboratories	77,871	$3.608M	0.7%	—	—	COM	002824100
PFE	Pfizer Inc.	98,929	$3.442M	0.7%	—	—	COM	717081103
HD	Home Depot Inc.	28,691	$3.26M	0.7%	—	—	COM	437076102
—	Berkshire Hathaway Inc. Class	21,700	$3.132M	0.6%	—	—	COM	084670207
—	Unum Group	87,921	$2.966M	0.6%	—	—	COM	91529y106
—	Intel Corp.	94,737	$2.962M	0.6%	—	—	COM	458140101
LOW	Lowes Companies	39,020	$2.903M	0.6%	—	—	COM	548661107
—	Visa, Inc.	44,048	$2.881M	0.6%	—	—	COM	92826c839
—	Precision Castparts Corp	13,711	$2.879M	0.6%	—	—	COM	740189105
—	Coach Inc.	65,800	$2.726M	0.6%	—	—	COM	189754104
PAYX	Paychex Inc.	49,735	$2.468M	0.5%	—	—	COM	704326107
—	American International Group	44,464	$2.436M	0.5%	—	—	COM	026874107
AGCO	AGCO Corp	47,455	$2.261M	0.5%	—	—	COM	001084102
—	ConocoPhillips	34,225	$2.131M	0.4%	—	—	COM	20825c104
BTI	British American Tobacco	20,250	$2.101M	0.4%	—	—	COM	110448107
VZ	Verizon Communications	43,127	$2.097M	0.4%	—	—	COM	92343V104
—	Diageo PLC ADR	18,274	$2.021M	0.4%	—	—	COM	25243q205
BA	Boeing Company	13,097	$1.966M	0.4%	—	—	COM	097023105
—	CST Brands, Inc.	43,867	$1.923M	0.4%	—	—	COM	12646r105
—	Legg Mason Inc.	34,370	$1.897M	0.4%	—	—	COM	524901105
—	Textainer Group Holdings Limit	63,000	$1.889M	0.4%	—	—	COM	g8766e109
—	Viacom Inc. Class B	27,295	$1.864M	0.4%	—	—	COM	92553p201
CYH	Community Health Systems, Inc.	34,378	$1.797M	0.4%	—	—	COM	203668108
—	Costco Wholesale Corp	11,548	$1.75M	0.4%	—	—	COM	22160k105
—	Waddell & Reed Financial	35,008	$1.734M	0.4%	—	—	COM	930059100
MCD	McDonalds Corp	17,454	$1.701M	0.3%	—	—	COM	580135101
BAX	Baxter International Inc.	24,631	$1.687M	0.3%	—	—	COM	071813109
—	Monster Beverage Corp.	12,100	$1.675M	0.3%	—	—	COM	611740101
—	Alkermes PLC	26,951	$1.643M	0.3%	—	—	COM	g01767105
CSCO	Cisco Sys Inc.	59,445	$1.636M	0.3%	—	—	COM	17275R102
—	Twenty-First Century Fox Cl A	48,276	$1.634M	0.3%	—	—	COM	90130a101
—	Raytheon Company	13,500	$1.475M	0.3%	—	—	COM	755111507
MDLZ	Mondelez International, Inc.	40,616	$1.466M	0.3%	—	—	COM	609207105
—	Time Warner Inc.	16,776	$1.417M	0.3%	—	—	COM	887317303
—	AT & T, Inc. New	42,525	$1.388M	0.3%	—	—	COM	00206r102
—	Vitamin Shoppe, Inc.	33,660	$1.386M	0.3%	—	—	COM	92849E101
—	DirecTV	16,159	$1.375M	0.3%	—	—	COM	25459a309
—	General Motors Company	35,817	$1.343M	0.3%	—	—	COM	37045v100
PSX	Phillips 66	17,010	$1.337M	0.3%	—	—	COM	718546104
XOM	Exxon Mobil Corp	15,667	$1.332M	0.3%	—	—	COM	30231G102
—	Weight Watchers Intl. Inc.	190,403	$1.331M	0.3%	—	—	COM	948626106
UPS	United Parcel Service Inc.	13,327	$1.292M	0.3%	—	—	COM	911312106
—	Apache Corp	20,365	$1.229M	0.2%	—	—	COM	037411105
SJM	J.M. Smucker Co.	10,230	$1.184M	0.2%	—	—	COM	832696405
—	Kraft Foods Group, Inc	13,224	$1.152M	0.2%	—	—	COM	50076q106
—	Royal Dutch Shell PLC	19,253	$1.148M	0.2%	—	—	FOR	780259206
—	AbbVie, Inc.	19,171	$1.122M	0.2%	—	—	COM	00287y109
YUM	Yum! Brands, Inc.	13,472	$1.061M	0.2%	—	—	COM	988498101
NKE	Nike Inc Class B	10,270	$1.03M	0.2%	—	—	COM	654106103
ADP	Automatic Data Processing	11,550	$989K	0.2%	—	—	COM	053015103
—	LyondellBasell Industries N.V.	10,500	$922K	0.2%	—	—	FOR	n53745100
—	Alliance One International	803,267	$884K	0.2%	—	—	COM	018772103
AAPL	Apple Computer Inc.	6,325	$787K	0.2%	—	—	COM	037833100
—	Ingersoll Rand Co	11,550	$786K	0.2%	—	—	COM	g47791101
USB	US Bancorp Delaware New	16,060	$701K	0.1%	—	—	COM	902973304
LINC	Lincoln Educational	295,143	$673K	0.1%	—	—	COM	533535100
AXP	American Express Co.	8,068	$630K	0.1%	—	—	COM	025816109
—	Interpublic Group	27,428	$607K	0.1%	—	—	COM	460690100
—	AETNA Inc.	5,315	$566K	0.1%	—	—	COM	00817y108
WAFD	Washington Federal	24,570	$536K	0.1%	—	—	COM	938824109
—	Laboratory Corp. of America	4,180	$527K	0.1%	—	—	COM	50540r409
—	General Electric Co.	21,023	$522K	0.1%	—	—	COM	369604103
—	Hewlett Packard	16,558	$516K	0.1%	—	—	COM	428236103
KELYA	Kelly Services,Inc.	28,428	$496K	0.1%	—	—	COM	488152208
DIS	Walt Disney Holding Co.	4,707	$494K	0.1%	—	—	COM	254687106
—	FirstService Corporation	7,460	$483K	0.1%	—	—	COM	33761N109
—	ManpowerGroup Inc.	5,450	$470K	0.1%	—	—	COM	56418h100
—	TRW Automotive Holdings Group	3,950	$414K	0.1%	—	—	COM	87264s106
RIG	Transocean LTD.	26,521	$389K	0.1%	—	—	COM	H8817H100
SBUX	Starbucks Corp	3,777	$358K	0.1%	—	—	COM	855244109
—	Arcos Dorados Hldgs.	69,766	$344K	0.1%	—	—	FOR	g0457f107
—	Nordstrom Inc.	4,078	$328K	0.1%	—	—	COM	655664100
—	Ameriprise Financial Inc.	2,498	$327K	0.1%	—	—	COM	03076c106
BMY	Bristol Myers Squibb Co.	5,043	$325K	0.1%	—	—	COM	110122108
—	Gruma SA ADR	6,128	$311K	0.1%	—	—	FOR	400131306
—	SK Telecom ADR	10,908	$297K	0.1%	—	—	FOR	78440p108
—	PetroChina Company Limited ADR	2,650	$295K	0.1%	—	—	FOR	71646e100
TM	Toyota Motor Corp ADR	2,075	$290K	0.1%	—	—	FOR	892331307
—	Google Inc. Voting Class	515	$286K	0.1%	—	—	COM	38259p508
WM	Waste Management Inc. Del	5,180	$281K	0.1%	—	—	COM	94106L109
—	Plum Creek Timber Company	6,410	$279K	0.1%	—	—	COM	729251108
BRC	Brady Corp	9,620	$272K	0.1%	—	—	COM	104674106
—	Discovery Communications Serie	8,598	$253K	0.1%	—	—	COM	25470F302
ANDE	Andersons Inc.	5,890	$244K	0.0%	—	—	COM	034164103
—	Wells Fargo & Co.	4,460	$243K	0.0%	—	—	COM	949974610
CCHGY	Coca-Cola HBC AG ADR Unsponsor	13,200	$238K	0.0%	—	—	FOR	191223205
—	Allegion PLC	3,835	$235K	0.0%	—	—	COM	0176j1097
NWL	Newell Rubbermaid Inc.	5,850	$229K	0.0%	—	—	COM	651229106
QCOM	Qualcomm Inc	3,216	$223K	0.0%	—	—	COM	747525103
—	Spectra Energy Corp.	6,121	$221K	0.0%	—	—	COM	847560109
BRK/A	Berkshire Hathaway Inc. Class	1	$217K	0.0%	—	—	COM	084670108
NOK	Nokia Corp Sponsored ADR	13,760	$104K	0.0%	—	—	FOR	654902204
—	Vale S.A.	14,000	$79,000	0.0%	—	—	FOR	91912e105
—	Willbros Group, Inc	16,525	$55,000	0.0%	—	—	COM	969203108
—	IsoRay, Inc.	14,218	$22,000	0.0%	—	—	COM	46489v104
—	Community Health CVR Series A	508,877	$11,000	0.0%	—	—	COM	203668116