Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International	202,388	$23.77M	4.9%	—	—	COM	718172109
—	UnitedHealth Group Inc.	103,579	$19.21M	3.9%	—	—	COM	91324p102
BK	Bank of New York Mellon Corp	292,479	$14.92M	3.0%	—	—	COM	064058100
PEP	Pepsico Inc.	127,214	$14.69M	3.0%	—	—	COM	713448108
JNJ	Johnson & Johnson	103,401	$13.68M	2.8%	—	—	COM	478160104
—	Medtronic PLC	146,998	$13.05M	2.7%	—	—	COM	g5960l103
MSFT	Microsoft Corp.	166,057	$11.45M	2.3%	—	—	COM	594918104
—	Zimmer Biomet Holdings	86,614	$11.12M	2.3%	—	—	COM	98956p102
—	Altria Group Inc.	146,504	$10.91M	2.2%	—	—	COM	02209s103
ELV	Anthem, Inc.	52,119	$9.805M	2.0%	—	—	COM	036752103
—	Merck & Co.Inc. New	149,213	$9.563M	2.0%	—	—	COM	58933y105
KR	Kroger Co.	402,063	$9.376M	1.9%	—	—	COM	501044101
—	The Travelers Companies Inc.	73,399	$9.287M	1.9%	—	—	COM	89417e109
—	Molson Coors Brewing Co	102,024	$8.809M	1.8%	—	—	COM	60871r209
BAC	Bank of America Corp	359,597	$8.724M	1.8%	—	—	COM	060505104
—	Biogen Inc.	28,170	$7.644M	1.6%	—	—	COM	09062x103
BP	BP p.l.c.	217,136	$7.524M	1.5%	—	—	COM	055622104
—	Mastercard Inc.	61,260	$7.44M	1.5%	—	—	COM	57636q104
GLW	Corning Inc	237,251	$7.129M	1.5%	—	—	COM	219350105
BEN	Franklin Resources Inc.	152,615	$6.836M	1.4%	—	—	COM	354613101
—	America Movil ADR	421,919	$6.717M	1.4%	—	—	COM	02364W105
AFL	AFLAC Inc.	86,280	$6.702M	1.4%	—	—	COM	001055102
—	Unilever NV New York Shs	118,378	$6.543M	1.3%	—	—	COM	904784709
—	Cerner Corporation	96,255	$6.398M	1.3%	—	—	COM	156782104
—	LyondellBasell Industries N.V.	73,521	$6.204M	1.3%	—	—	FOR	n53745100
—	Dr. Pepper Snapple Group	67,787	$6.176M	1.3%	—	—	COM	26138e109
KO	Coca-Cola Company	135,875	$6.094M	1.2%	—	—	COM	191216100
ORCL	Oracle Corp	118,337	$5.933M	1.2%	—	—	COM	68389X105
—	Dow Chemical Company	92,672	$5.845M	1.2%	—	—	COM	260543103
—	Discovery Communications Serie	211,210	$5.456M	1.1%	—	—	COM	25470f104
CVS	CVS Health Corp.	67,449	$5.427M	1.1%	—	—	COM	126650100
—	Express Scripts Inc.	84,712	$5.408M	1.1%	—	—	COM	30219g108
C	Citigroup Inc.	79,320	$5.305M	1.1%	—	—	COM	172967424
ABT	Abbott Laboratories	108,314	$5.265M	1.1%	—	—	COM	002824100
—	E. I. Du Pont De Nemours	64,725	$5.224M	1.1%	—	—	COM	263534109
BDX	Becton Dickinson & Co	25,225	$4.922M	1.0%	—	—	COM	075887109
WMT	Wal Mart Stores	63,092	$4.775M	1.0%	—	—	COM	931142103
—	Quest Diagnostics Inc.	42,645	$4.74M	1.0%	—	—	COM	74834l100
—	Comcast Corp Cl A	118,610	$4.616M	0.9%	—	—	COM	20030n101
—	Valero Energy Corp.	67,911	$4.581M	0.9%	—	—	COM	91913y100
TELFY	Telefonica S.A. ADR	436,826	$4.539M	0.9%	—	—	FOR	879382208
HD	Home Depot Inc.	28,021	$4.298M	0.9%	—	—	COM	437076102
—	Visa, Inc.	44,228	$4.148M	0.8%	—	—	COM	92826c839
PG	Procter & Gamble Co.	44,753	$3.9M	0.8%	—	—	COM	742718109
BRK/B	Berkshire Hathaway Inc. Class	23,005	$3.896M	0.8%	—	—	COM	084670702
HRB	H & R Block Inc.	124,252	$3.841M	0.8%	—	—	COM	093671105
—	Glaxo SmithKline PLC	86,909	$3.748M	0.8%	—	—	COM	37733W105
—	Unum Group	78,389	$3.655M	0.7%	—	—	COM	91529y106
CPF	Central Pacific Financial Co	104,097	$3.276M	0.7%	—	—	COM	154760409
AIG	American International Group	52,350	$3.273M	0.7%	—	—	COM	026874784
MRSH	Marsh & McLennan Co.	41,787	$3.258M	0.7%	—	—	COM	571748102
—	Credit Suisse Group ADR	214,368	$3.13M	0.6%	—	—	COM	225401108
CE	Celanese Corp	30,325	$2.879M	0.6%	—	—	COM	150870103
PFE	Pfizer Inc.	85,668	$2.878M	0.6%	—	—	COM	717081103
LOW	Lowes Companies	36,620	$2.839M	0.6%	—	—	COM	548661107
CVX	Chevron Corp.	27,126	$2.83M	0.6%	—	—	COM	166764100
CAG	ConAgra Foods Inc.	78,740	$2.816M	0.6%	—	—	COM	205887102
BTI	British American Tobacco	40,450	$2.772M	0.6%	—	—	COM	110448107
PAYX	Paychex Inc.	46,735	$2.661M	0.5%	—	—	COM	704326107
CTSH	Cognizant Technology Solutions	37,523	$2.492M	0.5%	—	—	COM	192446102
BA	Boeing Company	12,472	$2.466M	0.5%	—	—	COM	097023105
CSCO	Cisco Sys Inc.	74,773	$2.34M	0.5%	—	—	COM	17275R102
WU	Western Union Company	120,686	$2.299M	0.5%	—	—	COM	959802109
MCD	McDonalds Corp	14,530	$2.225M	0.5%	—	—	COM	580135101
—	Twenty-First Century Fox Cl A	77,026	$2.183M	0.4%	—	—	COM	90130a101
—	Raytheon Company	13,500	$2.18M	0.4%	—	—	COM	755111507
—	Diageo PLC ADR	18,174	$2.178M	0.4%	—	—	COM	25243q205
VZ	Verizon Communications	45,189	$2.018M	0.4%	—	—	COM	92343V104
—	Allergan PLC	8,010	$1.947M	0.4%	—	—	COM	g0177j108
—	The Mosaic Company	84,731	$1.934M	0.4%	—	—	COM	61945c103
MDLZ	Mondelez International, Inc.	41,144	$1.777M	0.4%	—	—	COM	609207105
—	Monster Beverage Corp.	35,300	$1.754M	0.4%	—	—	COM	611740101
—	Time Warner Inc.	16,618	$1.669M	0.3%	—	—	COM	887317303
—	AbbVie, Inc.	22,825	$1.655M	0.3%	—	—	COM	00287y109
—	Costco Wholesale Corp	9,774	$1.563M	0.3%	—	—	COM	22160k105
—	Alkermes PLC	26,651	$1.545M	0.3%	—	—	COM	g01767105
SJM	J.M. Smucker Co.	13,000	$1.538M	0.3%	—	—	COM	832696405
—	Weight Watchers Intl. Inc.	45,870	$1.533M	0.3%	—	—	COM	948626106
LW	Lamb Weston Holdings	34,747	$1.53M	0.3%	—	—	COM	513272104
—	Legg Mason Inc.	39,545	$1.509M	0.3%	—	—	COM	524901105
—	ConocoPhillips	33,875	$1.489M	0.3%	—	—	COM	20825c104
UPS	United Parcel Service Inc.	13,341	$1.475M	0.3%	—	—	COM	911312106
—	Biovertativ Inv.	24,179	$1.455M	0.3%	—	—	COM	09075e100
PSX	Phillips 66	17,368	$1.436M	0.3%	—	—	COM	718546104
—	Manitex Intl	201,881	$1.409M	0.3%	—	—	COM	563420108
—	Textainer Group Holdings Limit	96,300	$1.396M	0.3%	—	—	COM	g8766e109
—	CenturyLink Inc.	56,600	$1.352M	0.3%	—	—	COM	156700106
UNP	Union Pacific Corp	11,434	$1.245M	0.3%	—	—	COM	907818108
XOM	Exxon Mobil Corp	15,309	$1.236M	0.3%	—	—	COM	30231G102
—	General Motors Company	35,367	$1.235M	0.3%	—	—	COM	37045v100
—	Wells Fargo & Co.	22,060	$1.222M	0.2%	—	—	COM	949974610
NKE	Nike Inc Class B	20,500	$1.209M	0.2%	—	—	COM	654106103
KHC	The Kraft Heinz Company	13,350	$1.143M	0.2%	—	—	COM	500754106
—	AT & T, Inc. New	30,156	$1.138M	0.2%	—	—	COM	00206r102
AAPL	Apple Computer Inc.	7,755	$1.117M	0.2%	—	—	COM	037833100
—	Intel Corp.	31,432	$1.061M	0.2%	—	—	COM	458140101
ADP	Automatic Data Processing	10,302	$1.056M	0.2%	—	—	COM	053015103
—	Ingersoll Rand Co	11,400	$1.042M	0.2%	—	—	COM	g47791101
DIS	Walt Disney Holding Co.	9,497	$1.009M	0.2%	—	—	COM	254687106
YUM	Yum! Brands, Inc.	13,337	$984K	0.2%	—	—	COM	988498101
—	Arcos Dorados Hldgs.	130,882	$975K	0.2%	—	—	FOR	g0457f107
—	Royal Dutch Shell PLC	18,253	$971K	0.2%	—	—	FOR	780259206
—	Viacom Inc. Class B	28,195	$947K	0.2%	—	—	COM	92553p201
—	AETNA Inc.	5,307	$806K	0.2%	—	—	COM	00817y108
WAFD	Washington Federal	23,839	$791K	0.2%	—	—	COM	938824109
—	Coach Inc.	15,445	$731K	0.1%	—	—	COM	189754104
LINC	Lincoln Educational	233,707	$724K	0.1%	—	—	COM	533535100
—	Monsanto Co.	6,010	$711K	0.1%	—	—	COM	61166w101
AXP	American Express Co.	7,943	$669K	0.1%	—	—	COM	025816109
—	Waddell & Reed Financial	34,558	$652K	0.1%	—	—	COM	930059100
DAL	Delta Airlines - New	12,070	$649K	0.1%	—	—	COM	247361702
KELYA	Kelly Services,Inc.	26,928	$605K	0.1%	—	—	COM	488152208
USB	US Bancorp Delaware New	11,660	$605K	0.1%	—	—	COM	902973304
—	ManpowerGroup Inc.	5,350	$597K	0.1%	—	—	COM	56418h100
AMGN	Amgen Inc.	3,300	$568K	0.1%	—	—	COM	031162100
—	Yum China Holdings, Inc.	13,437	$530K	0.1%	—	—	COM	98850p109
—	Alphabet, Inc Voting Class	533	$496K	0.1%	—	—	COM	02076k305
GILD	Gilead Sciences Inc.	6,773	$479K	0.1%	—	—	COM	375558103
—	Red Robin Gourment Burgers Inc	7,300	$476K	0.1%	—	—	COM	75689m101
—	FirstService Corp Voting Share	7,160	$458K	0.1%	—	—	COM	33767e103
—	Vitamin Shoppe, Inc.	37,610	$438K	0.1%	—	—	COM	92849E101
SBUX	Starbucks Corp	7,054	$411K	0.1%	—	—	COM	855244109
CIGI	Colliers International Group	7,160	$404K	0.1%	—	—	COM	194693107
—	Interpublic Group	16,038	$395K	0.1%	—	—	COM	460690100
WY	Weyerhaeuser Co.	11,692	$392K	0.1%	—	—	COM	962166104
ALK	Alaska Air Group Inc.	4,320	$388K	0.1%	—	—	COM	011659109
—	Apache Corp	8,015	$384K	0.1%	—	—	COM	037411105
GIS	General Mills	6,816	$378K	0.1%	—	—	COM	370334104
WM	Waste Management Inc. Del	4,980	$365K	0.1%	—	—	COM	94106L109
AGCO	AGCO Corp	5,305	$358K	0.1%	—	—	COM	001084102
BMY	Bristol Myers Squibb Co.	6,393	$356K	0.1%	—	—	COM	110122108
—	General Electric Co.	13,168	$356K	0.1%	—	—	COM	369604103
—	Ameriprise Financial Inc.	2,498	$318K	0.1%	—	—	COM	03076c106
—	Allegion PLC	3,786	$307K	0.1%	—	—	COM	0176j1097
—	Alliance One International	20,601	$297K	0.1%	—	—	COM	018772301
—	Shire PLC	1,705	$282K	0.1%	—	—	COM	82481r106
—	Laboratory Corp. of America	1,775	$274K	0.1%	—	—	COM	50540r409
—	Dunkin Brands Group, Inc.	4,800	$265K	0.1%	—	—	COM	265504100
—	CDK Global, Inc.	4,256	$264K	0.1%	—	—	COM	12508e101
HPQ	HP Inc.	14,876	$260K	0.1%	—	—	COM	40434L105
—	Hewlett Packard Enterprise Co.	15,524	$258K	0.1%	—	—	COM	42824c109
BRK/A	Berkshire Hathaway Inc. Class	1	$255K	0.1%	—	—	COM	084670108
—	SK Telecom ADR	9,633	$247K	0.1%	—	—	FOR	78440p108
CALM	Cal-Maine Foods Inc.	6,001	$238K	0.0%	—	—	COM	128030202
—	Enbridge Inc.	5,951	$237K	0.0%	—	—	COM	29250n105
NWL	Newell Rubbermaid Inc.	4,275	$229K	0.0%	—	—	COM	651229106
TM	Toyota Motor Corp ADR	2,070	$217K	0.0%	—	—	FOR	892331307
—	Discovery Communications Serie	8,520	$215K	0.0%	—	—	COM	25470F302
ANDE	Andersons Inc.	5,890	$201K	0.0%	—	—	COM	034164103
NOK	Nokia Corp Sponsored ADR	13,117	$81,000	0.0%	—	—	FOR	654902204
—	Ideal Power, Inc.	14,383	$30,000	0.0%	—	—	COM	451622104
—	Willbros Group, Inc	11,655	$29,000	0.0%	—	—	COM	969203108
—	IsoRay, Inc.	14,218	$9,000	0.0%	—	—	COM	46489v104