Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International	202,428	$22.85M	4.8%	—	—	COM	718172109
—	UnitedHealth Group Inc.	106,079	$17.4M	3.6%	—	—	COM	91324p102
PEP	Pepsico Inc.	128,214	$14.34M	3.0%	—	—	COM	713448108
BK	Bank of New York Mellon Corp	300,879	$14.21M	3.0%	—	—	COM	064058100
JNJ	Johnson & Johnson	103,426	$12.88M	2.7%	—	—	COM	478160104
MSFT	Microsoft Corp.	184,246	$12.13M	2.5%	—	—	COM	594918104
KR	Kroger Co.	402,063	$11.86M	2.5%	—	—	COM	501044101
—	Medtronic PLC	147,023	$11.84M	2.5%	—	—	COM	g5960l103
—	Zimmer Biomet Holdings	86,614	$10.58M	2.2%	—	—	COM	98956p102
—	Altria Group Inc.	146,504	$10.46M	2.2%	—	—	COM	02209s103
—	Molson Coors Brewing Co	102,174	$9.779M	2.0%	—	—	COM	60871r209
—	Merck & Co.Inc. New	149,153	$9.477M	2.0%	—	—	COM	58933y105
—	The Travelers Companies Inc.	76,484	$9.219M	1.9%	—	—	COM	89417e109
ELV	Anthem, Inc.	52,194	$8.632M	1.8%	—	—	COM	036752103
BAC	Bank of America Corp	360,165	$8.496M	1.8%	—	—	COM	060505104
BP	BP p.l.c.	217,136	$7.496M	1.6%	—	—	COM	055622104
—	Biogen Inc.	25,875	$7.075M	1.5%	—	—	COM	09062x103
—	Mastercard Inc.	61,260	$6.89M	1.4%	—	—	COM	57636q104
—	Dr. Pepper Snapple Group	68,187	$6.677M	1.4%	—	—	COM	26138e109
GLW	Corning Inc	242,851	$6.557M	1.4%	—	—	COM	219350105
BEN	Franklin Resources Inc.	152,890	$6.443M	1.3%	—	—	COM	354613101
AFL	AFLAC Inc.	86,280	$6.248M	1.3%	—	—	COM	001055102
WMT	Wal Mart Stores	86,192	$6.213M	1.3%	—	—	COM	931142103
—	Discovery Communications Serie	211,036	$6.139M	1.3%	—	—	COM	25470f104
—	America Movil ADR	427,519	$6.058M	1.3%	—	—	COM	02364W105
—	Dow Chemical Company	92,672	$5.888M	1.2%	—	—	COM	260543103
—	Unilever NV New York Shs	118,378	$5.881M	1.2%	—	—	COM	904784709
KO	Coca-Cola Company	136,125	$5.777M	1.2%	—	—	COM	191216100
—	Cerner Corporation	96,255	$5.665M	1.2%	—	—	COM	156782104
—	Express Scripts Inc.	84,955	$5.599M	1.2%	—	—	COM	30219g108
—	LyondellBasell Industries N.V.	58,221	$5.309M	1.1%	—	—	FOR	n53745100
ORCL	Oracle Corp	118,387	$5.281M	1.1%	—	—	COM	68389X105
CVS	CVS Health Corp.	67,049	$5.263M	1.1%	—	—	COM	126650100
—	E. I. Du Pont De Nemours	64,725	$5.199M	1.1%	—	—	COM	263534109
TELFY	Telefonica S.A. ADR	451,996	$5.058M	1.1%	—	—	FOR	879382208
ABT	Abbott Laboratories	108,013	$4.797M	1.0%	—	—	COM	002824100
C	Citigroup Inc.	78,520	$4.697M	1.0%	—	—	COM	172967424
BDX	Becton Dickinson & Co	25,225	$4.627M	1.0%	—	—	COM	075887109
—	Comcast Corp Cl A	122,810	$4.616M	1.0%	—	—	COM	20030n101
—	Valero Energy Corp.	67,911	$4.502M	0.9%	—	—	COM	91913y100
—	Quest Diagnostics Inc.	45,845	$4.502M	0.9%	—	—	COM	74834l100
HD	Home Depot Inc.	28,021	$4.114M	0.9%	—	—	COM	437076102
PG	Procter & Gamble Co.	44,753	$4.021M	0.8%	—	—	COM	742718109
—	Visa, Inc.	44,228	$3.931M	0.8%	—	—	COM	92826c839
BRK/B	Berkshire Hathaway Inc. Class	23,005	$3.834M	0.8%	—	—	COM	084670702
—	Glaxo SmithKline PLC	88,147	$3.716M	0.8%	—	—	COM	37733W105
—	Unum Group	78,389	$3.676M	0.8%	—	—	COM	91529y106
CAG	ConAgra Foods Inc.	84,985	$3.428M	0.7%	—	—	COM	205887102
HRB	H & R Block Inc.	137,852	$3.205M	0.7%	—	—	COM	093671105
CPF	Central Pacific Financial Co	104,097	$3.179M	0.7%	—	—	COM	154760409
—	Credit Suisse Group ADR	213,443	$3.167M	0.7%	—	—	COM	225401108
MRSH	Marsh & McLennan Co.	41,937	$3.099M	0.6%	—	—	COM	571748102
LOW	Lowes Companies	36,670	$3.015M	0.6%	—	—	COM	548661107
—	American International Group	47,950	$2.994M	0.6%	—	—	COM	026874107
CVX	Chevron Corp.	27,151	$2.915M	0.6%	—	—	COM	166764100
PFE	Pfizer Inc.	84,868	$2.903M	0.6%	—	—	COM	717081103
PAYX	Paychex Inc.	47,235	$2.782M	0.6%	—	—	COM	704326107
CE	Celanese Corp	30,325	$2.725M	0.6%	—	—	COM	150870103
BTI	British American Tobacco	40,450	$2.683M	0.6%	—	—	COM	110448107
—	Twenty-First Century Fox Cl A	77,026	$2.495M	0.5%	—	—	COM	90130a101
WU	Western Union Company	122,059	$2.484M	0.5%	—	—	COM	959802109
—	The Mosaic Company	84,431	$2.464M	0.5%	—	—	COM	61945c103
BA	Boeing Company	12,497	$2.21M	0.5%	—	—	COM	097023105
—	Diageo PLC ADR	18,194	$2.103M	0.4%	—	—	COM	25243q205
CTSH	Cognizant Technology Solutions	35,073	$2.088M	0.4%	—	—	COM	192446102
VZ	Verizon Communications	42,639	$2.079M	0.4%	—	—	COM	92343V104
—	Raytheon Company	13,500	$2.059M	0.4%	—	—	COM	755111507
CSCO	Cisco Sys Inc.	57,073	$1.929M	0.4%	—	—	COM	17275R102
—	Allergan PLC	7,960	$1.902M	0.4%	—	—	COM	g0177j108
MCD	McDonalds Corp	14,530	$1.883M	0.4%	—	—	COM	580135101
MDLZ	Mondelez International, Inc.	41,144	$1.772M	0.4%	—	—	COM	609207105
SJM	J.M. Smucker Co.	13,030	$1.708M	0.4%	—	—	COM	832696405
—	ConocoPhillips	34,075	$1.699M	0.4%	—	—	COM	20825c104
—	Costco Wholesale Corp	10,074	$1.689M	0.4%	—	—	COM	22160k105
—	Monster Beverage Corp.	35,300	$1.63M	0.3%	—	—	COM	611740101
—	Time Warner Inc.	16,660	$1.628M	0.3%	—	—	COM	887317303
—	Alkermes PLC	26,651	$1.559M	0.3%	—	—	COM	g01767105
—	AbbVie, Inc.	22,825	$1.487M	0.3%	—	—	COM	00287y109
—	Textainer Group Holdings Limit	96,300	$1.473M	0.3%	—	—	COM	g8766e109
LW	Lamb Weston Holdings	34,772	$1.463M	0.3%	—	—	COM	513272104
UPS	United Parcel Service Inc.	13,339	$1.431M	0.3%	—	—	COM	911312106
—	Legg Mason Inc.	39,545	$1.428M	0.3%	—	—	COM	524901105
PSX	Phillips 66	17,368	$1.376M	0.3%	—	—	COM	718546104
—	Biovertativ Inv.	24,179	$1.317M	0.3%	—	—	COM	09075e100
—	Viacom Inc. Class B	28,195	$1.314M	0.3%	—	—	COM	92553p201
—	Manitex Intl	192,381	$1.289M	0.3%	—	—	COM	563420108
XOM	Exxon Mobil Corp	15,409	$1.264M	0.3%	—	—	COM	30231G102
—	General Motors Company	35,367	$1.251M	0.3%	—	—	COM	37045v100
KHC	The Kraft Heinz Company	13,350	$1.212M	0.3%	—	—	COM	500754106
UNP	Union Pacific Corp	11,434	$1.211M	0.3%	—	—	COM	907818108
—	AT & T, Inc. New	28,806	$1.197M	0.3%	—	—	COM	00206r102
—	Intel Corp.	31,932	$1.152M	0.2%	—	—	COM	458140101
NKE	Nike Inc Class B	20,500	$1.142M	0.2%	—	—	COM	654106103
AAPL	Apple Computer Inc.	7,855	$1.128M	0.2%	—	—	COM	037833100
ADP	Automatic Data Processing	10,552	$1.08M	0.2%	—	—	COM	053015103
DIS	Walt Disney Holding Co.	9,437	$1.07M	0.2%	—	—	COM	254687106
—	CST Brands, Inc.	21,186	$1.019M	0.2%	—	—	COM	12646r105
—	Ingersoll Rand Co	11,400	$927K	0.2%	—	—	COM	g47791101
YUM	Yum! Brands, Inc.	13,337	$852K	0.2%	—	—	COM	988498101
WAFD	Washington Federal	23,839	$789K	0.2%	—	—	COM	938824109
—	Weight Watchers Intl. Inc.	49,370	$769K	0.2%	—	—	COM	948626106
—	Royal Dutch Shell PLC	14,503	$765K	0.2%	—	—	FOR	780259206
—	Wells Fargo & Co.	13,610	$758K	0.2%	—	—	COM	949974610
—	Vitamin Shoppe, Inc.	37,610	$758K	0.2%	—	—	COM	92849E101
—	Arcos Dorados Hldgs.	92,798	$747K	0.2%	—	—	FOR	g0457f107
—	AETNA Inc.	5,307	$677K	0.1%	—	—	COM	00817y108
—	Zynerba Pharmaceuticals Inc.	32,699	$657K	0.1%	—	—	COM	98986x109
LINC	Lincoln Educational	233,707	$657K	0.1%	—	—	COM	533535100
—	Coach Inc.	15,495	$640K	0.1%	—	—	COM	189754104
AXP	American Express Co.	7,968	$630K	0.1%	—	—	COM	025816109
KELYA	Kelly Services,Inc.	28,428	$621K	0.1%	—	—	COM	488152208
—	Red Robin Gourment Burgers Inc	10,300	$602K	0.1%	—	—	COM	75689m101
USB	US Bancorp Delaware New	11,660	$600K	0.1%	—	—	COM	902973304
—	Waddell & Reed Financial	34,708	$590K	0.1%	—	—	COM	930059100
DAL	Delta Airlines - New	12,070	$555K	0.1%	—	—	COM	247361702
—	ManpowerGroup Inc.	5,350	$549K	0.1%	—	—	COM	56418h100
GIS	General Mills	7,836	$462K	0.1%	—	—	COM	370334104
GILD	Gilead Sciences Inc.	6,677	$454K	0.1%	—	—	COM	375558103
—	Alphabet, Inc Voting Class	525	$445K	0.1%	—	—	COM	02076k305
—	FirstService Corp Voting Share	7,160	$432K	0.1%	—	—	COM	33767e103
—	Interpublic Group	17,038	$419K	0.1%	—	—	COM	460690100
SBUX	Starbucks Corp	7,054	$412K	0.1%	—	—	COM	855244109
—	Apache Corp	8,015	$412K	0.1%	—	—	COM	037411105
BMY	Bristol Myers Squibb Co.	7,393	$402K	0.1%	—	—	COM	110122108
ALK	Alaska Air Group Inc.	4,320	$398K	0.1%	—	—	COM	011659109
AGCO	AGCO Corp	6,605	$397K	0.1%	—	—	COM	001084102
WY	Weyerhaeuser Co.	11,692	$397K	0.1%	—	—	COM	962166104
—	Monsanto Co.	3,370	$381K	0.1%	—	—	COM	61166w101
—	Hewlett Packard Enterprise Co.	15,604	$370K	0.1%	—	—	COM	42824c109
WM	Waste Management Inc. Del	5,030	$367K	0.1%	—	—	COM	94106L109
—	Yum China Holdings, Inc.	13,237	$360K	0.1%	—	—	COM	98850p109
CIGI	Colliers International Group	7,160	$338K	0.1%	—	—	COM	194693107
—	Ameriprise Financial Inc.	2,498	$324K	0.1%	—	—	COM	03076c106
—	General Electric Co.	10,168	$303K	0.1%	—	—	COM	369604103
—	Shire PLC	1,705	$297K	0.1%	—	—	COM	82481r106
—	Alliance One International	22,601	$290K	0.1%	—	—	COM	018772301
—	Allegion PLC	3,786	$287K	0.1%	—	—	COM	0176j1097
—	CenturyLink Inc.	12,100	$285K	0.1%	—	—	COM	156700106
—	CDK Global, Inc.	4,256	$277K	0.1%	—	—	COM	12508e101
HPQ	HP Inc.	15,054	$269K	0.1%	—	—	COM	40434L105
—	Dunkin Brands Group, Inc.	4,800	$262K	0.1%	—	—	COM	265504100
—	Laboratory Corp. of America	1,800	$258K	0.1%	—	—	COM	50540r409
BRK/A	Berkshire Hathaway Inc. Class	1	$250K	0.1%	—	—	COM	084670108
—	Enbridge Inc.	5,953	$249K	0.1%	—	—	COM	29250n105
—	Discovery Communications Serie	8,598	$243K	0.1%	—	—	COM	25470F302
—	SK Telecom ADR	9,633	$243K	0.1%	—	—	FOR	78440p108
TM	Toyota Motor Corp ADR	2,070	$225K	0.0%	—	—	FOR	892331307
ANDE	Andersons Inc.	5,890	$223K	0.0%	—	—	COM	034164103
CALM	Cal-Maine Foods Inc.	6,001	$221K	0.0%	—	—	COM	128030202
AMGN	Amgen Inc.	1,300	$213K	0.0%	—	—	COM	031162100
NWL	Newell Rubbermaid Inc.	4,275	$202K	0.0%	—	—	COM	651229106
NOK	Nokia Corp Sponsored ADR	13,117	$71,000	0.0%	—	—	FOR	654902204
—	Ideal Power, Inc.	14,383	$47,000	0.0%	—	—	COM	451622104
—	Willbros Group, Inc	12,175	$33,000	0.0%	—	—	COM	969203108
—	IsoRay, Inc.	14,218	$8,000	0.0%	—	—	COM	46489v104