Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
KR	Kroger Co.	421,488	$15.2M	3.6%	—	—	COM	501044101
PM	Philip Morris International	189,469	$15.03M	3.5%	—	—	COM	718172109
—	Unitedhealth Group Inc.	126,725	$14.7M	3.4%	—	—	COM	91324p102
PEP	Pepsico Inc.	144,239	$13.6M	3.2%	—	—	COM	713448108
BK	Bank of New York Mellon Corp	334,104	$13.08M	3.1%	—	—	COM	064058100
—	Molson Coors Brewing Co	148,499	$12.33M	2.9%	—	—	COM	60871r209
JNJ	Johnson & Johnson	110,226	$10.29M	2.4%	—	—	COM	478160104
MSFT	Microsoft Corp.	222,839	$9.863M	2.3%	—	—	COM	594918104
—	Medtronic PLC	139,473	$9.336M	2.2%	—	—	COM	g5960l103
—	The Travelers Companies Inc.	85,918	$8.551M	2.0%	—	—	COM	89417e109
—	Zimmer Biomet Holdings	88,764	$8.338M	1.9%	—	—	COM	98956p102
—	America Movil ADR	482,769	$7.99M	1.9%	—	—	COM	02364W105
—	Altria Group Inc.	146,800	$7.986M	1.9%	—	—	COM	02209s103
ELV	Anthem, Inc.	56,244	$7.874M	1.8%	—	—	COM	036752103
—	Precision Castparts Corp	33,936	$7.795M	1.8%	—	—	COM	740189105
—	Merck & Co.Inc. New	141,489	$6.988M	1.6%	—	—	COM	58933y105
BP	BP p.l.c.	228,102	$6.971M	1.6%	—	—	COM	055622104
GLW	Corning Inc	374,401	$6.41M	1.5%	—	—	COM	219350105
BEN	Franklin Resources Inc.	168,905	$6.293M	1.5%	—	—	COM	354613101
—	Mastercard Inc.	69,410	$6.255M	1.5%	—	—	COM	57636q104
HRB	H & R Block Inc.	172,637	$6.249M	1.5%	—	—	COM	093671105
TELFY	Telefonica S.A. ADR	518,737	$6.246M	1.5%	—	—	FOR	879382208
—	Express Scripts Inc.	73,997	$5.991M	1.4%	—	—	COM	30219g108
—	Dr. Pepper Snapple Group	75,737	$5.987M	1.4%	—	—	COM	26138e109
WMT	Wal Mart Stores	91,642	$5.942M	1.4%	—	—	COM	931142103
MRSH	Marsh & McLennan Co.	110,037	$5.746M	1.3%	—	—	COM	571748102
BAC	Bank of America Corp	368,669	$5.744M	1.3%	—	—	COM	060505104
—	Glaxo SmithKline PLC	148,507	$5.71M	1.3%	—	—	COM	37733W105
—	Unilever NV New York Shs	138,628	$5.573M	1.3%	—	—	COM	904784709
KO	Coca-Cola Company	136,974	$5.495M	1.3%	—	—	COM	191216100
—	Credit Suisse Group ADR	227,268	$5.461M	1.3%	—	—	COM	225401108
CVS	CVS Health Corp.	52,499	$5.065M	1.2%	—	—	COM	126650100
PG	Procter & Gamble Co.	65,928	$4.743M	1.1%	—	—	COM	742718109
CAG	ConAgra Foods Inc.	116,485	$4.719M	1.1%	—	—	COM	205887102
WU	Western Union Company	254,195	$4.667M	1.1%	—	—	COM	959802109
—	Discovery Communications Serie	173,011	$4.503M	1.1%	—	—	COM	25470f104
—	Quest Diagnostics Inc.	72,820	$4.476M	1.0%	—	—	COM	74834l100
AFL	AFLAC Inc.	76,370	$4.439M	1.0%	—	—	COM	001055102
—	Valero Energy Corp.	72,850	$4.378M	1.0%	—	—	COM	91913y100
ORCL	Oracle Corp	120,337	$4.347M	1.0%	—	—	COM	68389X105
—	Altera Corp	83,103	$4.162M	1.0%	—	—	COM	021441100
C	Citigroup Inc.	82,509	$4.093M	1.0%	—	—	COM	172967424
—	Dow Chemical Company	95,852	$4.064M	0.9%	—	—	COM	260543103
BDX	Becton Dickinson & Co	30,075	$3.99M	0.9%	—	—	COM	075887109
—	Comcast Corp Cl A	67,105	$3.817M	0.9%	—	—	COM	20030n101
HD	Home Depot Inc.	28,191	$3.256M	0.8%	—	—	COM	437076102
CVX	Chevron Corp.	40,908	$3.227M	0.8%	—	—	COM	166764100
—	E. I. Du Pont De Nemours	66,900	$3.225M	0.8%	—	—	COM	263534109
ABT	Abbott Laboratories	78,922	$3.174M	0.7%	—	—	COM	002824100
—	Unum Group	96,421	$3.093M	0.7%	—	—	COM	91529y106
—	Visa, Inc.	44,048	$3.068M	0.7%	—	—	COM	92826c839
—	Berkshire Hathaway Inc. Class	21,675	$2.826M	0.7%	—	—	COM	084670207
PFE	Pfizer Inc.	86,322	$2.711M	0.6%	—	—	COM	717081103
—	AT & T, Inc. New	77,969	$2.54M	0.6%	—	—	COM	00206r102
LOW	Lowes Companies	36,820	$2.538M	0.6%	—	—	COM	548661107
—	American International Group	44,464	$2.526M	0.6%	—	—	COM	026874107
PAYX	Paychex Inc.	49,235	$2.345M	0.5%	—	—	COM	704326107
BTI	British American Tobacco	20,250	$2.229M	0.5%	—	—	COM	110448107
CPF	Central Pacific Financial Co	104,947	$2.201M	0.5%	—	—	COM	154760409
—	Apollo Education Group, Inc.	189,852	$2.1M	0.5%	—	—	COM	037604105
MCD	McDonalds Corp	21,154	$2.084M	0.5%	—	—	COM	580135101
—	Diageo PLC ADR	18,274	$1.97M	0.5%	—	—	COM	25243q205
—	Intel Corp.	64,537	$1.945M	0.5%	—	—	COM	458140101
—	Twenty-First Century Fox Cl A	70,226	$1.895M	0.4%	—	—	COM	90130a101
VZ	Verizon Communications	43,202	$1.88M	0.4%	—	—	COM	92343V104
BA	Boeing Company	12,997	$1.702M	0.4%	—	—	COM	097023105
MDLZ	Mondelez International, Inc.	40,516	$1.696M	0.4%	—	—	COM	609207105
—	ConocoPhillips	34,641	$1.661M	0.4%	—	—	COM	20825c104
—	Costco Wholesale Corp	11,450	$1.655M	0.4%	—	—	COM	22160k105
—	Monster Beverage Corp.	12,100	$1.635M	0.4%	—	—	COM	611740101
—	Alkermes PLC	26,851	$1.575M	0.4%	—	—	COM	g01767105
SJM	J.M. Smucker Co.	13,730	$1.566M	0.4%	—	—	COM	832696405
CSCO	Cisco Sys Inc.	59,245	$1.555M	0.4%	—	—	COM	17275R102
—	Coach Inc.	51,000	$1.475M	0.3%	—	—	COM	189754104
—	Raytheon Company	13,500	$1.475M	0.3%	—	—	COM	755111507
CYH	Community Health Systems, Inc.	34,274	$1.466M	0.3%	—	—	COM	203668108
—	CST Brands, Inc.	43,312	$1.458M	0.3%	—	—	COM	12646r105
NKE	Nike Inc Class B	11,670	$1.435M	0.3%	—	—	COM	654106103
—	Legg Mason Inc.	34,370	$1.43M	0.3%	—	—	COM	524901105
—	Alliance One International	69,841	$1.423M	0.3%	—	—	COM	018772103
ALL	Allstate Corp	23,965	$1.396M	0.3%	—	—	COM	020002101
PSX	Phillips 66	17,243	$1.325M	0.3%	—	—	COM	718546104
UPS	United Parcel Service Inc.	13,330	$1.316M	0.3%	—	—	COM	911312106
—	Viacom Inc. Class B	29,395	$1.268M	0.3%	—	—	COM	92553p201
—	Waddell & Reed Financial	35,008	$1.217M	0.3%	—	—	COM	930059100
XOM	Exxon Mobil Corp	16,334	$1.214M	0.3%	—	—	COM	30231G102
—	Time Warner Inc.	16,776	$1.153M	0.3%	—	—	COM	887317303
—	AbbVie, Inc.	20,272	$1.103M	0.3%	—	—	COM	00287y109
—	Vitamin Shoppe, Inc.	33,660	$1.099M	0.3%	—	—	COM	92849E101
—	General Motors Company	35,817	$1.075M	0.3%	—	—	COM	37045v100
YUM	Yum! Brands, Inc.	13,372	$1.069M	0.2%	—	—	COM	988498101
—	Textainer Group Holdings Limit	63,600	$1.049M	0.2%	—	—	COM	g8766e109
AGCO	AGCO Corp	22,005	$1.026M	0.2%	—	—	COM	001084102
ADP	Automatic Data Processing	12,452	$1.001M	0.2%	—	—	COM	053015103
KHC	The Kraft Heinz Company	13,224	$933K	0.2%	—	—	COM	500754106
—	LyondellBasell Industries N.V.	10,500	$875K	0.2%	—	—	FOR	n53745100
—	Royal Dutch Shell PLC	18,353	$870K	0.2%	—	—	FOR	780259206
BAX	Baxter International Inc.	24,631	$809K	0.2%	—	—	COM	071813109
—	Baxalta, Inc.	24,731	$779K	0.2%	—	—	COM	07177m103
AAPL	Apple Computer Inc.	6,325	$698K	0.2%	—	—	COM	037833100
USB	US Bancorp Delaware New	16,060	$659K	0.2%	—	—	COM	902973304
DIS	Walt Disney Holding Co.	6,207	$634K	0.1%	—	—	COM	254687106
AXP	American Express Co.	8,018	$594K	0.1%	—	—	COM	025816109
—	Ingersoll Rand Co	11,500	$584K	0.1%	—	—	COM	g47791101
—	AETNA Inc.	5,315	$582K	0.1%	—	—	COM	00817y108
WAFD	Washington Federal	24,170	$550K	0.1%	—	—	COM	938824109
—	General Electric Co.	20,023	$505K	0.1%	—	—	COM	369604103
—	Weight Watchers Intl. Inc.	72,442	$462K	0.1%	—	—	COM	948626106
—	Laboratory Corp. of America	4,180	$453K	0.1%	—	—	COM	50540r409
—	ManpowerGroup Inc.	5,450	$446K	0.1%	—	—	COM	56418h100
SBUX	Starbucks Corp	7,554	$429K	0.1%	—	—	COM	855244109
—	Hewlett Packard	16,139	$413K	0.1%	—	—	COM	428236103
KELYA	Kelly Services,Inc.	28,428	$402K	0.1%	—	—	COM	488152208
—	Apache Corp	9,701	$380K	0.1%	—	—	COM	037411105
—	Interpublic Group	17,188	$329K	0.1%	—	—	COM	460690100
—	Google Inc. Voting Class	515	$329K	0.1%	—	—	COM	38259p508
CIGI	Colliers International Group	7,460	$303K	0.1%	—	—	COM	194693107
BMY	Bristol Myers Squibb Co.	5,043	$299K	0.1%	—	—	COM	110122108
—	Nordstrom Inc.	4,078	$292K	0.1%	—	—	COM	655664100
CCHGY	Coca-Cola HBC AG ADR Unsponsor	13,200	$277K	0.1%	—	—	FOR	191223205
—	Ameriprise Financial Inc.	2,498	$273K	0.1%	—	—	COM	03076c106
WM	Waste Management Inc. Del	5,180	$258K	0.1%	—	—	COM	94106L109
—	SK Telecom ADR	10,508	$256K	0.1%	—	—	FOR	78440p108
—	Plum Creek Timber Company	6,385	$252K	0.1%	—	—	COM	729251108
—	Principal Financial Group	5,322	$252K	0.1%	—	—	COM	74251v102
TM	Toyota Motor Corp ADR	2,075	$243K	0.1%	—	—	FOR	892331307
—	FirstService Corp Voting Share	7,460	$241K	0.1%	—	—	COM	33767e103
NWL	Newell Rubbermaid Inc.	5,850	$232K	0.1%	—	—	COM	651229106
—	Wells Fargo & Co.	4,460	$229K	0.1%	—	—	COM	949974610
—	Allegion PLC	3,835	$221K	0.1%	—	—	COM	0176j1097
—	Discovery Communications Serie	8,598	$209K	0.0%	—	—	COM	25470F302
—	CDK Global, Inc.	4,288	$205K	0.0%	—	—	COM	12508e101
ANDE	Andersons Inc.	5,890	$201K	0.0%	—	—	COM	034164103
LINC	Lincoln Educational	291,618	$149K	0.0%	—	—	COM	533535100
NOK	Nokia Corp Sponsored ADR	13,310	$90,000	0.0%	—	—	FOR	654902204
—	Arcos Dorados Hldgs.	19,998	$54,000	0.0%	—	—	FOR	g0457f107
—	IsoRay, Inc.	14,218	$20,000	0.0%	—	—	COM	46489v104
—	Willbros Group, Inc	12,775	$16,000	0.0%	—	—	COM	969203108