Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	102,474	$22.59M	4.3%	—	—	COM	91324p102
PM	Philip Morris International	204,028	$21.56M	4.1%	—	—	COM	718172109
BK	Bank of New York Mellon Corp	291,729	$15.71M	3.0%	—	—	COM	064058100
PEP	Pepsico Inc.	121,424	$14.56M	2.8%	—	—	COM	713448108
JNJ	Johnson & Johnson	100,455	$14.04M	2.7%	—	—	COM	478160104
MSFT	Microsoft Corp.	160,074	$13.69M	2.6%	—	—	COM	594918104
—	Medtronic PLC	155,333	$12.54M	2.4%	—	—	FOR	g5960L103
—	DowDuPont Inc.	174,726	$12.44M	2.4%	—	—	COM	26078j100
ELV	Anthem, Inc.	49,694	$11.18M	2.1%	—	—	COM	036752103
KR	Kroger Co.	400,213	$10.99M	2.1%	—	—	COM	501044101
—	Zimmer Biomet Holdings	87,269	$10.53M	2.0%	—	—	COM	98956p102
—	Altria Group Inc.	146,654	$10.47M	2.0%	—	—	COM	02209s103
BAC	Bank of America Corp	351,497	$10.38M	2.0%	—	—	COM	060505104
—	The Travelers Companies Inc.	71,656	$9.719M	1.9%	—	—	COM	89417e109
—	Mastercard Inc.	60,260	$9.121M	1.8%	—	—	COM	57636q104
BP	BP p.l.c.	216,236	$9.088M	1.7%	—	—	FOR	055622104
—	Merck & Co.Inc. New	160,503	$9.032M	1.7%	—	—	COM	58933y105
—	Biogen Inc.	28,155	$8.969M	1.7%	—	—	COM	09062x103
—	Molson Coors Brewing Co	108,489	$8.904M	1.7%	—	—	COM	60871r209
—	LyondellBasell Industries N.V.	73,271	$8.083M	1.6%	—	—	FOR	n53745100
AFL	AFLAC Inc.	85,945	$7.544M	1.4%	—	—	COM	001055102
GLW	Corning Inc	226,351	$7.241M	1.4%	—	—	COM	219350105
—	America Movil ADR	402,169	$6.897M	1.3%	—	—	FOR	02364W105
—	Unilever NV New York Shs	116,953	$6.587M	1.3%	—	—	FOR	904784709
—	Cerner Corporation	95,805	$6.456M	1.2%	—	—	COM	156782104
—	Dr. Pepper Snapple Group	65,933	$6.399M	1.2%	—	—	COM	26138e109
—	Express Scripts Inc.	84,874	$6.335M	1.2%	—	—	COM	30219g108
WMT	Wal Mart Stores	62,567	$6.178M	1.2%	—	—	COM	931142103
—	Valero Energy Corp.	67,151	$6.172M	1.2%	—	—	COM	91913y100
AIG	American International Group	102,736	$6.121M	1.2%	—	—	COM	026874784
KO	Coca-Cola Company	132,725	$6.089M	1.2%	—	—	COM	191216100
BEN	Franklin Resources Inc.	140,223	$6.076M	1.2%	—	—	COM	354613101
ABT	Abbott Laboratories	104,386	$5.957M	1.1%	—	—	COM	002824100
C	Citigroup Inc.	79,020	$5.88M	1.1%	—	—	COM	172967424
ORCL	Oracle Corp	118,287	$5.593M	1.1%	—	—	COM	68389X105
BDX	Becton Dickinson & Co	25,175	$5.389M	1.0%	—	—	COM	075887109
HD	Home Depot Inc.	27,796	$5.268M	1.0%	—	—	COM	437076102
—	Visa, Inc.	44,228	$5.043M	1.0%	—	—	COM	92826c839
CVS	CVS Health Corp.	69,359	$5.029M	1.0%	—	—	COM	126650100
—	Discovery Communications Serie	210,260	$4.706M	0.9%	—	—	COM	25470f104
BRK/B	Berkshire Hathaway Inc. Class	23,005	$4.56M	0.9%	—	—	COM	084670702
—	Comcast Corp Cl A	110,483	$4.425M	0.8%	—	—	COM	20030n101
—	Unum Group	77,814	$4.271M	0.8%	—	—	COM	91529y106
TELFY	Telefonica S.A. ADR	437,762	$4.238M	0.8%	—	—	FOR	879382208
DGX	Quest Diagnostics Inc.	42,595	$4.195M	0.8%	—	—	COM	74834L100
—	Credit Suisse Group ADR	220,393	$3.934M	0.8%	—	—	FOR	225401108
PG	Procter & Gamble Co.	41,553	$3.818M	0.7%	—	—	COM	742718109
BA	Boeing Company	12,442	$3.669M	0.7%	—	—	COM	097023105
LOW	Lowes Companies	36,420	$3.385M	0.6%	—	—	COM	548661107
MRSH	Marsh & McLennan Co.	41,237	$3.356M	0.6%	—	—	COM	571748102
CVX	Chevron Corp.	26,101	$3.268M	0.6%	—	—	COM	166764100
CE	Celanese Corp	30,325	$3.247M	0.6%	—	—	COM	150870103
HRB	H & R Block Inc.	122,652	$3.216M	0.6%	—	—	COM	093671105
PAYX	Paychex Inc.	46,035	$3.134M	0.6%	—	—	COM	704326107
CPF	Central Pacific Financial Co	103,997	$3.102M	0.6%	—	—	COM	154760409
—	Glaxo SmithKline PLC	86,022	$3.051M	0.6%	—	—	FOR	37733W105
PFE	Pfizer Inc.	78,618	$2.848M	0.5%	—	—	COM	717081103
CSCO	Cisco Sys Inc.	74,298	$2.846M	0.5%	—	—	COM	17275R102
BTI	British American Tobacco	41,615	$2.788M	0.5%	—	—	FOR	110448107
CTSH	Cognizant Technology Solutions	37,523	$2.665M	0.5%	—	—	COM	192446102
—	Diageo PLC ADR	18,124	$2.647M	0.5%	—	—	FOR	25243q205
—	Raytheon Company	13,500	$2.536M	0.5%	—	—	COM	755111507
CAG	ConAgra Foods Inc.	66,990	$2.524M	0.5%	—	—	COM	205887102
—	Twenty-First Century Fox Cl A	72,398	$2.5M	0.5%	—	—	COM	90130a101
MCD	McDonalds Corp	14,350	$2.47M	0.5%	—	—	COM	580135101
VZ	Verizon Communications	43,339	$2.294M	0.4%	—	—	COM	92343V104
—	The Mosaic Company	87,331	$2.241M	0.4%	—	—	COM	61945c103
—	Monster Beverage Corp.	35,300	$2.234M	0.4%	—	—	COM	61174x109
—	AbbVie, Inc.	22,725	$2.198M	0.4%	—	—	COM	00287y109
—	Textainer Group Holdings Limit	90,900	$1.954M	0.4%	—	—	FOR	g8766e109
LW	Lamb Weston Holdings	34,622	$1.954M	0.4%	—	—	COM	513272104
—	Manitex Intl	202,181	$1.941M	0.4%	—	—	COM	563420108
—	Costco Wholesale Corp	10,276	$1.912M	0.4%	—	—	COM	22160k105
—	ConocoPhillips	33,090	$1.816M	0.3%	—	—	COM	20825c104
MDLZ	Mondelez International, Inc.	40,960	$1.753M	0.3%	—	—	COM	609207105
PSX	Phillips 66	17,226	$1.742M	0.3%	—	—	COM	718546104
—	Allergan PLC	9,995	$1.635M	0.3%	—	—	FOR	g0177j108
SJM	J.M. Smucker Co.	12,750	$1.584M	0.3%	—	—	COM	832696405
WFC	Wells Fargo & Co.	25,960	$1.575M	0.3%	—	—	COM	949746101
UPS	United Parcel Service Inc.	13,194	$1.572M	0.3%	—	—	COM	911312106
UNP	Union Pacific Corp	11,434	$1.533M	0.3%	—	—	COM	907818108
—	Alkermes PLC	26,651	$1.459M	0.3%	—	—	FOR	g01767105
—	General Motors Company	35,167	$1.441M	0.3%	—	—	COM	37045v100
WU	Western Union Company	75,721	$1.439M	0.3%	—	—	COM	959802109
INTC	Intel Corp.	30,707	$1.417M	0.3%	—	—	COM	458140100
—	Arcos Dorados Hldgs.	136,082	$1.408M	0.3%	—	—	FOR	g0457f107
AAPL	Apple Computer Inc.	7,755	$1.312M	0.3%	—	—	COM	037833100
—	Biovertativ Inv.	24,172	$1.303M	0.3%	—	—	COM	09075e100
NKE	Nike Inc Class B	20,300	$1.27M	0.2%	—	—	COM	654106103
—	Royal Dutch Shell PLC	18,753	$1.251M	0.2%	—	—	FOR	780259206
XOM	Exxon Mobil Corp	14,729	$1.232M	0.2%	—	—	COM	30231G102
ADP	Automatic Data Processing	10,252	$1.201M	0.2%	—	—	COM	053015103
—	AT & T, Inc. New	29,406	$1.143M	0.2%	—	—	COM	00206r102
YUM	Yum! Brands, Inc.	13,337	$1.088M	0.2%	—	—	COM	988498101
KHC	The Kraft Heinz Company	13,289	$1.033M	0.2%	—	—	COM	500754106
DIS	Walt Disney Holding Co.	9,532	$1.025M	0.2%	—	—	COM	254687106
—	AETNA Inc.	5,308	$957K	0.2%	—	—	COM	00817y108
—	Ingersoll Rand Co	10,525	$939K	0.2%	—	—	FOR	g47791101
—	Weight Watchers Intl. Inc.	20,990	$929K	0.2%	—	—	COM	948626106
—	CenturyLink Inc.	55,600	$927K	0.2%	—	—	COM	156700106
—	Viacom Inc. Class B	28,095	$866K	0.2%	—	—	COM	92553p201
—	Legg Mason Inc.	20,545	$862K	0.2%	—	—	COM	524901105
WAFD	Washington Federal	23,259	$797K	0.2%	—	—	COM	938824109
—	Sally Beauty Holdings Inc.	42,085	$790K	0.2%	—	—	COM	79546e104
AXP	American Express Co.	7,843	$779K	0.1%	—	—	COM	025816109
DAL	Delta Airlines - New	13,670	$766K	0.1%	—	—	COM	247361702
KELYA	Kelly Services,Inc.	26,928	$734K	0.1%	—	—	COM	488152208
—	Waddell & Reed Financial	31,283	$699K	0.1%	—	—	COM	930059100
—	Alphabet, Inc Voting Class	653	$688K	0.1%	—	—	COM	02079k305
—	ManpowerGroup Inc.	5,350	$675K	0.1%	—	—	COM	56418h100
TPR	Tapestry Inc.	14,995	$663K	0.1%	—	—	COM	876030107
SBUX	Starbucks Corp	10,954	$629K	0.1%	—	—	COM	855244109
USB	US Bancorp Delaware New	11,660	$625K	0.1%	—	—	COM	902973304
GILD	Gilead Sciences Inc.	8,280	$593K	0.1%	—	—	COM	375558103
AMGN	Amgen Inc.	3,340	$581K	0.1%	—	—	COM	031162100
—	Yum China Holdings, Inc.	13,437	$538K	0.1%	—	—	FOR	98850p109
—	FirstService Corp Voting Share	7,410	$518K	0.1%	—	—	FOR	33767e103
LINC	Lincoln Educational	231,857	$468K	0.1%	—	—	COM	533535100
CIGI	Colliers International Group	7,160	$432K	0.1%	—	—	FOR	194693107
WM	Waste Management Inc. Del	4,980	$430K	0.1%	—	—	COM	94106L109
ALK	Alaska Air Group Inc.	5,825	$428K	0.1%	—	—	COM	011659109
—	Ameriprise Financial Inc.	2,498	$423K	0.1%	—	—	COM	03076c106
GIS	General Mills	6,816	$404K	0.1%	—	—	COM	370334104
WY	Weyerhaeuser Co.	11,412	$402K	0.1%	—	—	COM	962166104
BMY	Bristol Myers Squibb Co.	6,393	$392K	0.1%	—	—	COM	110122108
AGCO	AGCO Corp	5,305	$379K	0.1%	—	—	COM	001084102
—	Compass Minerals Intl.	4,765	$344K	0.1%	—	—	COM	20451n101
—	General Electric Co.	18,773	$328K	0.1%	—	—	COM	369604103
—	Interpublic Group	16,038	$323K	0.1%	—	—	COM	460690100
—	Dunkin Brands Group, Inc.	4,900	$316K	0.1%	—	—	COM	265504100
HPQ	HP Inc.	14,776	$310K	0.1%	—	—	COM	40434L105
—	Apache Corp	7,265	$307K	0.1%	—	—	COM	037411105
—	CDK Global, Inc.	4,240	$302K	0.1%	—	—	COM	12508e101
BRK/A	Berkshire Hathaway Inc. Class	1	$298K	0.1%	—	—	COM	084670108
—	Allegion PLC	3,670	$292K	0.1%	—	—	FOR	g0176j109
—	Laboratory Corp. of America	1,750	$279K	0.1%	—	—	COM	50540r409
—	SK Telecom ADR	9,533	$266K	0.1%	—	—	FOR	78440p108
—	Shire PLC	1,705	$264K	0.1%	—	—	FOR	82481r106
GAMI	GAMCO Investors Inc.	7,950	$236K	0.0%	—	—	COM	361438104
GVA	Granite Construction Inc.	3,700	$235K	0.0%	—	—	COM	387328107
—	Enbridge Inc.	5,853	$229K	0.0%	—	—	FOR	29250n105
TM	Toyota Motor Corp ADR	1,785	$227K	0.0%	—	—	FOR	892331307
—	Alphabet, Inc Non-Voting Class	215	$225K	0.0%	—	—	COM	02079k107
—	Hewlett Packard Enterprise Co.	15,321	$220K	0.0%	—	—	COM	42824c109
TSM	Taiwan Semiconductor Manufactu	5,487	$218K	0.0%	—	—	FOR	874039100
—	Alliance One International	16,285	$216K	0.0%	—	—	COM	018772301
NOK	Nokia Corp Sponsored ADR	13,117	$61,000	0.0%	—	—	FOR	654902204
—	Vitamin Shoppe, Inc.	11,760	$52,000	0.0%	—	—	COM	92849E101
—	Willbros Group, Inc	11,655	$17,000	0.0%	—	—	COM	969203108
—	IsoRay, Inc.	14,218	$6,000	0.0%	—	—	COM	46489v104