Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PM	Philip Morris International	202,248	$22.45M	4.6%	—	—	COM	718172109
—	UnitedHealth Group Inc.	103,254	$20.22M	4.1%	—	—	COM	91324p102
BK	Bank of New York Mellon Corp	292,279	$15.5M	3.1%	—	—	COM	064058100
PEP	Pepsico Inc.	123,964	$13.81M	2.8%	—	—	COM	713448108
JNJ	Johnson & Johnson	102,851	$13.37M	2.7%	—	—	COM	478160104
MSFT	Microsoft Corp.	165,824	$12.35M	2.5%	—	—	COM	594918104
—	DowDuPont Inc.	175,198	$12.13M	2.5%	—	—	COM	26078j100
—	Medtronic PLC	148,248	$11.53M	2.3%	—	—	FOR	g5960l103
—	Zimmer Biomet Holdings	86,544	$10.13M	2.1%	—	—	COM	98956p102
—	Merck & Co.Inc. New	153,653	$9.838M	2.0%	—	—	COM	58933y105
ELV	Anthem, Inc.	50,319	$9.555M	1.9%	—	—	COM	036752103
—	Altria Group Inc.	146,704	$9.304M	1.9%	—	—	COM	02209s103
BAC	Bank of America Corp	359,347	$9.106M	1.8%	—	—	COM	060505104
—	Biogen Inc.	28,145	$8.813M	1.8%	—	—	COM	09062x103
—	The Travelers Companies Inc.	71,906	$8.81M	1.8%	—	—	COM	89417e109
—	Mastercard Inc.	60,260	$8.509M	1.7%	—	—	COM	57636q104
BP	BP p.l.c.	217,036	$8.341M	1.7%	—	—	FOR	055622104
—	Molson Coors Brewing Co	101,924	$8.321M	1.7%	—	—	COM	60871r209
KR	Kroger Co.	401,663	$8.057M	1.6%	—	—	COM	501044101
—	America Movil ADR	420,969	$7.472M	1.5%	—	—	FOR	02364W105
—	LyondellBasell Industries N.V.	73,471	$7.277M	1.5%	—	—	FOR	n53745100
AFL	AFLAC Inc.	86,230	$7.018M	1.4%	—	—	COM	001055102
—	Unilever NV New York Shs	117,228	$6.921M	1.4%	—	—	FOR	904784709
—	Cerner Corporation	96,155	$6.858M	1.4%	—	—	COM	156782104
GLW	Corning Inc	226,451	$6.775M	1.4%	—	—	COM	219350105
BEN	Franklin Resources Inc.	145,423	$6.473M	1.3%	—	—	COM	354613101
KO	Coca-Cola Company	133,375	$6.003M	1.2%	—	—	COM	191216100
—	Dr. Pepper Snapple Group	67,687	$5.988M	1.2%	—	—	COM	26138e109
ABT	Abbott Laboratories	108,165	$5.772M	1.2%	—	—	COM	002824100
C	Citigroup Inc.	79,220	$5.762M	1.2%	—	—	COM	172967424
ORCL	Oracle Corp	118,337	$5.722M	1.2%	—	—	COM	68389X105
CVS	CVS Health Corp.	69,599	$5.66M	1.1%	—	—	COM	126650100
—	Express Scripts Inc.	84,557	$5.354M	1.1%	—	—	COM	30219g108
—	Valero Energy Corp.	67,631	$5.203M	1.1%	—	—	COM	91913y100
BDX	Becton Dickinson & Co	25,225	$4.943M	1.0%	—	—	COM	075887109
AIG	American International Group	80,373	$4.934M	1.0%	—	—	COM	026874784
WMT	Wal Mart Stores	62,567	$4.889M	1.0%	—	—	COM	931142103
TELFY	Telefonica S.A. ADR	439,531	$4.743M	1.0%	—	—	FOR	879382208
—	Visa, Inc.	44,228	$4.655M	0.9%	—	—	COM	92826c839
HD	Home Depot Inc.	28,071	$4.591M	0.9%	—	—	COM	437076102
—	Discovery Communications Serie	210,815	$4.488M	0.9%	—	—	COM	25470f104
—	Comcast Corp Cl A	110,558	$4.254M	0.9%	—	—	COM	20030n101
BRK/B	Berkshire Hathaway Inc. Class	23,005	$4.217M	0.9%	—	—	COM	084670702
PG	Procter & Gamble Co.	44,703	$4.067M	0.8%	—	—	COM	742718109
—	Unum Group	78,239	$4M	0.8%	—	—	COM	91529y106
—	Quest Diagnostics Inc.	42,595	$3.989M	0.8%	—	—	COM	74834l100
—	Glaxo SmithKline PLC	86,372	$3.507M	0.7%	—	—	FOR	37733W105
MRSH	Marsh & McLennan Co.	41,387	$3.469M	0.7%	—	—	COM	571748102
—	Credit Suisse Group ADR	214,718	$3.393M	0.7%	—	—	FOR	225401108
CPF	Central Pacific Financial Co	103,997	$3.347M	0.7%	—	—	COM	154760409
HRB	H & R Block Inc.	122,952	$3.256M	0.7%	—	—	COM	093671105
BA	Boeing Company	12,472	$3.171M	0.6%	—	—	COM	097023105
CE	Celanese Corp	30,325	$3.162M	0.6%	—	—	COM	150870103
CVX	Chevron Corp.	26,161	$3.074M	0.6%	—	—	COM	166764100
LOW	Lowes Companies	36,570	$2.923M	0.6%	—	—	COM	548661107
PFE	Pfizer Inc.	81,068	$2.894M	0.6%	—	—	COM	717081103
PAYX	Paychex Inc.	46,285	$2.775M	0.6%	—	—	COM	704326107
CTSH	Cognizant Technology Solutions	37,523	$2.722M	0.6%	—	—	COM	192446102
BTI	British American Tobacco	41,615	$2.599M	0.5%	—	—	FOR	110448107
—	Raytheon Company	13,500	$2.519M	0.5%	—	—	COM	755111507
CSCO	Cisco Sys Inc.	74,423	$2.503M	0.5%	—	—	COM	17275R102
CAG	ConAgra Foods Inc.	72,740	$2.454M	0.5%	—	—	COM	205887102
—	Diageo PLC ADR	18,124	$2.395M	0.5%	—	—	FOR	25243q205
MCD	McDonalds Corp	14,430	$2.261M	0.5%	—	—	COM	580135101
VZ	Verizon Communications	45,539	$2.254M	0.5%	—	—	COM	92343V104
—	AbbVie, Inc.	22,775	$2.024M	0.4%	—	—	COM	00287y109
—	Twenty-First Century Fox Cl A	76,676	$2.023M	0.4%	—	—	COM	90130a101
—	Monster Beverage Corp.	35,300	$1.95M	0.4%	—	—	COM	611740101
—	The Mosaic Company	87,531	$1.89M	0.4%	—	—	COM	61945c103
—	Manitex Intl	201,381	$1.808M	0.4%	—	—	COM	563420108
—	Allergan PLC	8,495	$1.741M	0.4%	—	—	FOR	g0177j108
—	ConocoPhillips	33,775	$1.69M	0.3%	—	—	COM	20825c104
—	Costco Wholesale Corp	10,275	$1.688M	0.3%	—	—	COM	22160k105
MDLZ	Mondelez International, Inc.	41,144	$1.673M	0.3%	—	—	COM	609207105
WU	Western Union Company	86,477	$1.66M	0.3%	—	—	COM	959802109
LW	Lamb Weston Holdings	34,747	$1.629M	0.3%	—	—	COM	513272104
UPS	United Parcel Service Inc.	13,293	$1.596M	0.3%	—	—	COM	911312106
—	Textainer Group Holdings Limit	92,900	$1.593M	0.3%	—	—	FOR	g8766e109
PSX	Phillips 66	17,318	$1.587M	0.3%	—	—	COM	718546104
—	Wells Fargo & Co.	26,560	$1.465M	0.3%	—	—	COM	949974610
—	General Motors Company	35,167	$1.42M	0.3%	—	—	COM	37045v100
—	Biovertativ Inv.	24,167	$1.379M	0.3%	—	—	COM	09075e100
—	Alkermes PLC	26,651	$1.355M	0.3%	—	—	FOR	g01767105
SJM	J.M. Smucker Co.	12,750	$1.338M	0.3%	—	—	COM	832696405
UNP	Union Pacific Corp	11,434	$1.326M	0.3%	—	—	COM	907818108
—	Arcos Dorados Hldgs.	130,882	$1.315M	0.3%	—	—	FOR	g0457f107
XOM	Exxon Mobil Corp	15,018	$1.231M	0.2%	—	—	COM	30231G102
AAPL	Apple Computer Inc.	7,755	$1.195M	0.2%	—	—	COM	037833100
—	AT & T, Inc. New	30,156	$1.181M	0.2%	—	—	COM	00206r102
—	Intel Corp.	30,707	$1.169M	0.2%	—	—	COM	458140101
—	Royal Dutch Shell PLC	18,753	$1.136M	0.2%	—	—	FOR	780259206
ADP	Automatic Data Processing	10,252	$1.121M	0.2%	—	—	COM	053015103
—	Weight Watchers Intl. Inc.	25,190	$1.097M	0.2%	—	—	COM	948626106
—	CenturyLink Inc.	57,600	$1.089M	0.2%	—	—	COM	156700106
NKE	Nike Inc Class B	20,300	$1.053M	0.2%	—	—	COM	654106103
KHC	The Kraft Heinz Company	13,350	$1.035M	0.2%	—	—	COM	500754106
YUM	Yum! Brands, Inc.	13,337	$982K	0.2%	—	—	COM	988498101
—	Ingersoll Rand Co	10,800	$963K	0.2%	—	—	FOR	g47791101
DIS	Walt Disney Holding Co.	9,532	$940K	0.2%	—	—	COM	254687106
—	Legg Mason Inc.	22,545	$886K	0.2%	—	—	COM	524901105
—	AETNA Inc.	5,307	$844K	0.2%	—	—	COM	00817y108
WAFD	Washington Federal	23,739	$799K	0.2%	—	—	COM	938824109
—	Viacom Inc. Class B	28,095	$782K	0.2%	—	—	COM	92553p201
—	Monsanto Co.	6,285	$753K	0.2%	—	—	COM	61166w101
AXP	American Express Co.	7,943	$719K	0.1%	—	—	COM	025816109
KELYA	Kelly Services,Inc.	26,928	$676K	0.1%	—	—	COM	488152208
GILD	Gilead Sciences Inc.	8,130	$659K	0.1%	—	—	COM	375558103
DAL	Delta Airlines - New	13,670	$659K	0.1%	—	—	COM	247361702
—	ManpowerGroup Inc.	5,350	$630K	0.1%	—	—	COM	56418h100
—	Waddell & Reed Financial	31,383	$630K	0.1%	—	—	COM	930059100
USB	US Bancorp Delaware New	11,660	$625K	0.1%	—	—	COM	902973304
—	Coach Inc.	15,445	$622K	0.1%	—	—	COM	189754104
AMGN	Amgen Inc.	3,300	$615K	0.1%	—	—	COM	031162100
SBUX	Starbucks Corp	10,954	$588K	0.1%	—	—	COM	855244109
LINC	Lincoln Educational	231,857	$580K	0.1%	—	—	COM	533535100
—	Alphabet, Inc Voting Class	588	$573K	0.1%	—	—	COM	02076k305
—	Yum China Holdings, Inc.	13,437	$537K	0.1%	—	—	FOR	98850p109
—	FirstService Corp Voting Share	7,160	$471K	0.1%	—	—	FOR	33767e103
—	General Electric Co.	17,618	$426K	0.1%	—	—	COM	369604103
BMY	Bristol Myers Squibb Co.	6,393	$407K	0.1%	—	—	COM	110122108
AGCO	AGCO Corp	5,305	$391K	0.1%	—	—	COM	001084102
WM	Waste Management Inc. Del	4,980	$390K	0.1%	—	—	COM	94106L109
WY	Weyerhaeuser Co.	11,412	$388K	0.1%	—	—	COM	962166104
—	Ameriprise Financial Inc.	2,498	$371K	0.1%	—	—	COM	03076c106
CIGI	Colliers International Group	7,160	$356K	0.1%	—	—	FOR	194693107
GIS	General Mills	6,816	$353K	0.1%	—	—	COM	370334104
—	Apache Corp	7,465	$342K	0.1%	—	—	COM	037411105
ALK	Alaska Air Group Inc.	4,370	$333K	0.1%	—	—	COM	011659109
—	Interpublic Group	16,038	$333K	0.1%	—	—	COM	460690100
—	Allegion PLC	3,753	$325K	0.1%	—	—	FOR	0176j1097
HPQ	HP Inc.	14,776	$295K	0.1%	—	—	COM	40434L105
BRK/A	Berkshire Hathaway Inc. Class	1	$275K	0.1%	—	—	COM	084670108
—	CDK Global, Inc.	4,240	$268K	0.1%	—	—	COM	12508e101
—	Laboratory Corp. of America	1,775	$268K	0.1%	—	—	COM	50540r409
—	Shire PLC	1,705	$261K	0.1%	—	—	FOR	82481r106
—	Dunkin Brands Group, Inc.	4,900	$260K	0.1%	—	—	COM	265504100
—	Enbridge Inc.	5,902	$247K	0.1%	—	—	FOR	29250n105
—	SK Telecom ADR	9,533	$234K	0.0%	—	—	FOR	78440p108
—	Hewlett Packard Enterprise Co.	15,321	$225K	0.0%	—	—	COM	42824c109
—	Alliance One International	19,891	$217K	0.0%	—	—	COM	018772301
TM	Toyota Motor Corp ADR	1,795	$214K	0.0%	—	—	FOR	892331307
GVA	Granite Construction Inc.	3,700	$214K	0.0%	—	—	COM	387328107
—	AON Plc	1,412	$206K	0.0%	—	—	FOR	G0408V102
—	Alphabet, Inc Non-Voting Class	215	$206K	0.0%	—	—	COM	02076k107
TSM	Taiwan Semiconductor Manufactu	5,487	$206K	0.0%	—	—	FOR	874039100
ANDE	Andersons Inc.	5,890	$202K	0.0%	—	—	COM	034164103
—	Vitamin Shoppe, Inc.	33,470	$179K	0.0%	—	—	COM	92849E101
NOK	Nokia Corp Sponsored ADR	13,117	$78,000	0.0%	—	—	FOR	654902204
—	Willbros Group, Inc	11,655	$38,000	0.0%	—	—	COM	969203108
—	Ideal Power, Inc.	14,383	$37,000	0.0%	—	—	COM	451622104
—	Becle SAB DE CV ORD	12,500	$21,000	0.0%	—	—	FOR	p0929y106
—	IsoRay, Inc.	14,218	$7,000	0.0%	—	—	COM	46489v104