Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International	185,494	$18.03M	4.0%	—	—	COM	718172109
—	UnitedHealth Group Inc.	118,515	$16.59M	3.7%	—	—	COM	91324p102
PEP	Pepsico Inc.	140,289	$15.26M	3.4%	—	—	COM	713448108
—	Molson Coors Brewing Co	125,049	$13.73M	3.1%	—	—	COM	60871r209
BK	Bank of New York Mellon Corp	312,129	$12.45M	2.8%	—	—	COM	064058100
JNJ	Johnson & Johnson	104,176	$12.31M	2.8%	—	—	COM	478160104
—	Medtronic PLC	139,123	$12.02M	2.7%	—	—	COM	g5960l103
KR	Kroger Co.	402,363	$11.94M	2.7%	—	—	COM	501044101
MSFT	Microsoft Corp.	189,795	$10.93M	2.4%	—	—	COM	594918104
—	Zimmer Biomet Holdings	83,764	$10.89M	2.4%	—	—	COM	98956p102
—	Merck & Co.Inc. New	153,153	$9.558M	2.1%	—	—	COM	58933y105
—	The Travelers Companies Inc.	83,182	$9.528M	2.1%	—	—	COM	89417e109
—	Altria Group Inc.	145,550	$9.203M	2.1%	—	—	COM	02209s103
BP	BP p.l.c.	218,202	$7.672M	1.7%	—	—	COM	055622104
—	Biogen Inc.	22,635	$7.085M	1.6%	—	—	COM	09062x103
GLW	Corning Inc	297,351	$7.032M	1.6%	—	—	COM	219350105
—	Mastercard Inc.	68,360	$6.957M	1.6%	—	—	COM	57636q104
ELV	Anthem, Inc.	54,844	$6.873M	1.5%	—	—	COM	036752103
—	Dr. Pepper Snapple Group	75,237	$6.87M	1.5%	—	—	COM	26138e109
WMT	Wal Mart Stores	89,067	$6.424M	1.4%	—	—	COM	931142103
—	Quest Diagnostics Inc.	69,530	$5.884M	1.3%	—	—	COM	74834l100
KO	Coca-Cola Company	133,874	$5.666M	1.3%	—	—	COM	191216100
BAC	Bank of America Corp	361,565	$5.658M	1.3%	—	—	COM	060505104
BEN	Franklin Resources Inc.	157,040	$5.586M	1.2%	—	—	COM	354613101
—	Unilever NV New York Shs	118,478	$5.462M	1.2%	—	—	COM	904784709
—	Discovery Communications Serie	202,486	$5.451M	1.2%	—	—	COM	25470f104
—	Express Scripts Inc.	73,995	$5.219M	1.2%	—	—	COM	30219g108
—	America Movil ADR	446,769	$5.111M	1.1%	—	—	COM	02364W105
AFL	AFLAC Inc.	69,820	$5.018M	1.1%	—	—	COM	001055102
CAG	ConAgra Foods Inc.	105,735	$4.981M	1.1%	—	—	COM	205887102
—	Dow Chemical Company	95,022	$4.925M	1.1%	—	—	COM	260543103
PG	Procter & Gamble Co.	54,353	$4.878M	1.1%	—	—	COM	742718109
TELFY	Telefonica S.A. ADR	474,134	$4.779M	1.1%	—	—	FOR	879382208
BDX	Becton Dickinson & Co	26,225	$4.713M	1.1%	—	—	COM	075887109
ORCL	Oracle Corp	118,587	$4.658M	1.0%	—	—	COM	68389X105
CVS	CVS Health Corp.	52,199	$4.645M	1.0%	—	—	COM	126650100
—	Glaxo SmithKline PLC	105,772	$4.562M	1.0%	—	—	COM	37733W105
—	Comcast Corp Cl A	67,305	$4.465M	1.0%	—	—	COM	20030n101
—	LyondellBasell Industries N.V.	55,271	$4.458M	1.0%	—	—	FOR	n53745100
—	E. I. Du Pont De Nemours	65,375	$4.378M	1.0%	—	—	COM	263534109
—	Valero Energy Corp.	72,210	$3.827M	0.9%	—	—	COM	91913y100
WU	Western Union Company	181,634	$3.782M	0.8%	—	—	COM	959802109
C	Citigroup Inc.	77,820	$3.675M	0.8%	—	—	COM	172967424
—	Visa, Inc.	44,228	$3.658M	0.8%	—	—	COM	92826c839
HD	Home Depot Inc.	28,021	$3.606M	0.8%	—	—	COM	437076102
HRB	H & R Block Inc.	153,752	$3.559M	0.8%	—	—	COM	093671105
ABT	Abbott Laboratories	78,622	$3.325M	0.7%	—	—	COM	002824100
BRK/B	Berkshire Hathaway Inc. Class	23,005	$3.324M	0.7%	—	—	COM	084670702
CVX	Chevron Corp.	31,186	$3.21M	0.7%	—	—	COM	166764100
MRSH	Marsh & McLennan Co.	47,537	$3.197M	0.7%	—	—	COM	571748102
—	Unum Group	83,589	$2.952M	0.7%	—	—	COM	91529y106
PFE	Pfizer Inc.	85,015	$2.879M	0.6%	—	—	COM	717081103
PAYX	Paychex Inc.	48,335	$2.797M	0.6%	—	—	COM	704326107
—	Credit Suisse Group ADR	209,318	$2.75M	0.6%	—	—	COM	225401108
LOW	Lowes Companies	36,770	$2.655M	0.6%	—	—	COM	548661107
—	American International Group	44,650	$2.65M	0.6%	—	—	COM	026874107
CPF	Central Pacific Financial Co	103,447	$2.606M	0.6%	—	—	COM	154760409
BTI	British American Tobacco	20,250	$2.585M	0.6%	—	—	COM	110448107
—	St. Jude Medical Inc.	31,374	$2.502M	0.6%	—	—	COM	790849103
VZ	Verizon Communications	42,252	$2.196M	0.5%	—	—	COM	92343V104
—	Diageo PLC ADR	18,199	$2.112M	0.5%	—	—	COM	25243q205
CE	Celanese Corp	30,375	$2.022M	0.5%	—	—	COM	150870103
—	CST Brands, Inc.	41,968	$2.018M	0.5%	—	—	COM	12646r105
—	The Mosaic Company	77,730	$1.901M	0.4%	—	—	COM	61945c103
—	Twenty-First Century Fox Cl A	76,776	$1.86M	0.4%	—	—	COM	90130a101
—	Raytheon Company	13,500	$1.838M	0.4%	—	—	COM	755111507
MCD	McDonalds Corp	15,495	$1.788M	0.4%	—	—	COM	580135101
MDLZ	Mondelez International, Inc.	40,484	$1.777M	0.4%	—	—	COM	609207105
—	Monster Beverage Corp.	12,100	$1.776M	0.4%	—	—	COM	611740101
SJM	J.M. Smucker Co.	13,080	$1.773M	0.4%	—	—	COM	832696405
—	Costco Wholesale Corp	11,502	$1.754M	0.4%	—	—	COM	22160k105
BA	Boeing Company	12,797	$1.686M	0.4%	—	—	COM	097023105
—	Intel Corp.	43,651	$1.648M	0.4%	—	—	COM	458140101
—	Allergan PLC	6,750	$1.555M	0.3%	—	—	COM	g0177j108
—	ConocoPhillips	34,541	$1.501M	0.3%	—	—	COM	20825c104
CSCO	Cisco Sys Inc.	47,295	$1.5M	0.3%	—	—	COM	17275R102
UPS	United Parcel Service Inc.	13,336	$1.458M	0.3%	—	—	COM	911312106
PSX	Phillips 66	17,368	$1.399M	0.3%	—	—	COM	718546104
XOM	Exxon Mobil Corp	16,034	$1.399M	0.3%	—	—	COM	30231G102
—	Linkedin Corp	7,078	$1.353M	0.3%	—	—	COM	53578a108
—	Time Warner Inc.	16,876	$1.343M	0.3%	—	—	COM	887317303
—	AbbVie, Inc.	20,622	$1.301M	0.3%	—	—	COM	00287y109
—	Alkermes PLC	26,751	$1.258M	0.3%	—	—	COM	g01767105
YUM	Yum! Brands, Inc.	13,337	$1.211M	0.3%	—	—	COM	988498101
KHC	The Kraft Heinz Company	13,130	$1.175M	0.3%	—	—	COM	500754106
—	AT & T, Inc. New	28,655	$1.164M	0.3%	—	—	COM	00206r102
—	Apollo Education Group, Inc.	143,900	$1.144M	0.3%	—	—	COM	037604105
UNP	Union Pacific Corp	11,634	$1.135M	0.3%	—	—	COM	907818108
—	General Motors Company	35,267	$1.12M	0.3%	—	—	COM	37045v100
NKE	Nike Inc Class B	20,500	$1.079M	0.2%	—	—	COM	654106103
ADP	Automatic Data Processing	12,202	$1.076M	0.2%	—	—	COM	053015103
—	Viacom Inc. Class B	28,195	$1.074M	0.2%	—	—	COM	92553p201
—	Vitamin Shoppe, Inc.	39,610	$1.064M	0.2%	—	—	COM	92849E101
—	Legg Mason Inc.	31,545	$1.056M	0.2%	—	—	COM	524901105
DIS	Walt Disney Holding Co.	9,437	$876K	0.2%	—	—	COM	254687106
AAPL	Apple Computer Inc.	7,555	$854K	0.2%	—	—	COM	037833100
—	Ingersoll Rand Co	11,500	$781K	0.2%	—	—	COM	g47791101
—	Royal Dutch Shell PLC	14,453	$724K	0.2%	—	—	FOR	780259206
—	Methanex Corp	19,700	$703K	0.2%	—	—	COM	59151k108
—	Zynerba Pharmaceuticals Inc.	50,556	$660K	0.1%	—	—	COM	98986x109
—	Red Robin Gourment Burgers Inc	14,300	$643K	0.1%	—	—	COM	75689m101
WAFD	Washington Federal	23,939	$639K	0.1%	—	—	COM	938824109
—	Waddell & Reed Financial	34,858	$633K	0.1%	—	—	COM	930059100
CTSH	Cognizant Technology Solutions	12,948	$618K	0.1%	—	—	COM	192446102
—	AETNA Inc.	5,316	$614K	0.1%	—	—	COM	00817y108
—	Apache Corp	9,241	$590K	0.1%	—	—	COM	037411105
—	Coach Inc.	15,470	$566K	0.1%	—	—	COM	189754104
LINC	Lincoln Educational	251,484	$553K	0.1%	—	—	COM	533535100
KELYA	Kelly Services,Inc.	28,428	$546K	0.1%	—	—	COM	488152208
—	Alliance One International	28,322	$542K	0.1%	—	—	COM	018772301
AXP	American Express Co.	8,018	$513K	0.1%	—	—	COM	025816109
—	Weight Watchers Intl. Inc.	48,920	$505K	0.1%	—	—	COM	948626106
USB	US Bancorp Delaware New	11,660	$500K	0.1%	—	—	COM	902973304
—	Arcos Dorados Hldgs.	92,798	$489K	0.1%	—	—	FOR	g0457f107
—	Textainer Group Holdings Limit	61,600	$461K	0.1%	—	—	COM	g8766e109
—	Alphabet, Inc Voting Class	525	$422K	0.1%	—	—	COM	02076k305
—	Laboratory Corp. of America	2,980	$410K	0.1%	—	—	COM	50540r409
AGCO	AGCO Corp	8,005	$395K	0.1%	—	—	COM	001084102
—	ManpowerGroup Inc.	5,350	$387K	0.1%	—	—	COM	56418h100
—	Wells Fargo & Co.	8,710	$386K	0.1%	—	—	COM	949974610
SBUX	Starbucks Corp	7,054	$382K	0.1%	—	—	COM	855244109
—	Interpublic Group	17,038	$381K	0.1%	—	—	COM	460690100
GILD	Gilead Sciences Inc.	4,782	$378K	0.1%	—	—	COM	375558103
WY	Weyerhaeuser Co.	11,779	$376K	0.1%	—	—	COM	962166104
—	General Electric Co.	12,535	$371K	0.1%	—	—	COM	369604103
—	Hewlett Packard Enterprise Co.	15,804	$360K	0.1%	—	—	COM	42824c109
—	FirstService Corp Voting Share	7,460	$348K	0.1%	—	—	COM	33767e103
ALK	Alaska Air Group Inc.	5,120	$337K	0.1%	—	—	COM	011659109
—	Shire PLC	1,712	$332K	0.1%	—	—	COM	82481r106
WM	Waste Management Inc. Del	5,180	$330K	0.1%	—	—	COM	94106L109
CIGI	Colliers International Group	7,460	$314K	0.1%	—	—	COM	194693107
CYH	Community Health Systems, Inc.	25,894	$299K	0.1%	—	—	COM	203668108
CALM	Cal-Maine Foods Inc.	7,001	$270K	0.1%	—	—	COM	128030202
—	Allegion PLC	3,802	$262K	0.1%	—	—	COM	0176j1097
—	Spectra Energy Corp.	6,071	$260K	0.1%	—	—	COM	847560109
BMY	Bristol Myers Squibb Co.	4,693	$253K	0.1%	—	—	COM	110122108
TM	Toyota Motor Corp ADR	2,175	$252K	0.1%	—	—	FOR	892331307
—	Dunkin Brands Group, Inc.	4,800	$250K	0.1%	—	—	COM	265504100
—	Ameriprise Financial Inc.	2,498	$249K	0.1%	—	—	COM	03076c106
—	CDK Global, Inc.	4,272	$245K	0.1%	—	—	COM	12508e101
HPQ	HP Inc.	15,129	$235K	0.1%	—	—	COM	40434L105
—	Discovery Communications Serie	8,598	$226K	0.1%	—	—	COM	25470F302
NWL	Newell Rubbermaid Inc.	4,275	$225K	0.1%	—	—	COM	651229106
—	SK Telecom ADR	9,808	$222K	0.0%	—	—	FOR	78440p108
BRK/A	Berkshire Hathaway Inc. Class	1	$216K	0.0%	—	—	COM	084670108
ANDE	Andersons Inc.	5,890	$213K	0.0%	—	—	COM	034164103
—	Nordstrom Inc.	4,078	$212K	0.0%	—	—	COM	655664100
—	Manitex Intl	18,366	$101K	0.0%	—	—	COM	563420108
NOK	Nokia Corp Sponsored ADR	13,117	$76,000	0.0%	—	—	FOR	654902204
—	Ideal Power, Inc. (Restricted)	14,383	$74,000	0.0%	—	—	COM	451622104
—	Willbros Group, Inc	12,175	$23,000	0.0%	—	—	COM	969203108
—	IsoRay, Inc.	14,218	$10,000	0.0%	—	—	COM	46489v104