Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	91,689	$24.39M	4.6%	—	—	COM	91324p102
MSFT	Microsoft Corp.	155,570	$17.79M	3.4%	—	—	COM	594918104
PM	Philip Morris International	207,991	$16.96M	3.2%	—	—	COM	718172109
—	Medtronic PLC	157,198	$15.46M	2.9%	—	—	FOR	g5960L103
BK	Bank of New York Mellon Corp	269,179	$13.72M	2.6%	—	—	COM	064058100
JNJ	Johnson & Johnson	99,060	$13.69M	2.6%	—	—	COM	478160104
ELV	Anthem, Inc.	49,459	$13.55M	2.6%	—	—	COM	036752103
PEP	Pepsico Inc.	114,844	$12.84M	2.4%	—	—	COM	713448108
—	Mastercard Inc.	56,590	$12.6M	2.4%	—	—	COM	57636q104
KR	Kroger Co.	397,313	$11.57M	2.2%	—	—	COM	501044101
—	Zimmer Biomet Holdings	86,474	$11.37M	2.1%	—	—	COM	98956p102
—	DowDuPont Inc.	172,868	$11.12M	2.1%	—	—	COM	26078j100
—	Merck & Co.Inc. New	153,131	$10.86M	2.0%	—	—	COM	58933y105
BP	BP p.l.c.	216,514	$9.981M	1.9%	—	—	FOR	055622104
—	Biogen Inc.	28,157	$9.948M	1.9%	—	—	COM	09062x103
BAC	Bank of America Corp	337,444	$9.941M	1.9%	—	—	COM	060505104
—	The Travelers Companies Inc.	71,303	$9.249M	1.7%	—	—	COM	89417e109
—	Altria Group Inc.	149,954	$9.044M	1.7%	—	—	COM	02209s103
—	Express Scripts Holding Co.	84,559	$8.034M	1.5%	—	—	COM	30219g108
ABT	Abbott Laboratories	101,557	$7.45M	1.4%	—	—	COM	002824100
—	LyondellBasell Industries N.V.	72,418	$7.424M	1.4%	—	—	FOR	n53745100
GLW	Corning Inc	208,451	$7.358M	1.4%	—	—	COM	219350105
—	Valero Energy Corp.	63,826	$7.26M	1.4%	—	—	COM	91913y100
—	Discovery Communications Serie	214,733	$6.871M	1.3%	—	—	COM	25470f104
—	Molson Coors Brewing Co	108,064	$6.646M	1.3%	—	—	COM	60871r209
—	Visa, Inc.	44,228	$6.638M	1.3%	—	—	COM	92826c839
AFL	AFLAC Inc.	131,310	$6.181M	1.2%	—	—	COM	001055102
ORCL	Oracle Corp	117,687	$6.068M	1.1%	—	—	COM	68389X105
—	Cerner Corporation	91,630	$5.902M	1.1%	—	—	COM	156782104
KO	Coca-Cola Company	124,979	$5.773M	1.1%	—	—	COM	191216100
HD	Home Depot Inc.	27,691	$5.736M	1.1%	—	—	COM	437076102
—	America Movil ADR	354,519	$5.694M	1.1%	—	—	FOR	02364W105
AIG	American International Group	106,674	$5.679M	1.1%	—	—	COM	026874784
C	Citigroup Inc.	78,995	$5.667M	1.1%	—	—	COM	172967424
WMT	Wal Mart Stores	59,892	$5.624M	1.1%	—	—	COM	931142103
—	Unilever NV New York Shs	99,903	$5.55M	1.0%	—	—	FOR	904784709
BDX	Becton Dickinson & Co	21,075	$5.501M	1.0%	—	—	COM	075887109
CVS	CVS Health Corp.	69,324	$5.457M	1.0%	—	—	COM	126650100
BRK/B	Berkshire Hathaway Inc. Class	24,555	$5.257M	1.0%	—	—	COM	084670702
BA	Boeing Company	12,524	$4.658M	0.9%	—	—	COM	097023105
BEN	Franklin Resources Inc.	140,148	$4.262M	0.8%	—	—	COM	354613101
DGX	Quest Diagnostics Inc.	39,420	$4.254M	0.8%	—	—	COM	74834L100
LOW	Lowes Companies	36,320	$4.17M	0.8%	—	—	COM	548661107
—	Comcast Corp Cl A	111,488	$3.948M	0.7%	—	—	COM	20030n101
CE	Celanese Corp	30,135	$3.435M	0.6%	—	—	COM	150870103
PG	Procter & Gamble Co.	40,632	$3.382M	0.6%	—	—	COM	742718109
TELFY	Telefonica S.A. ADR	429,975	$3.38M	0.6%	—	—	FOR	879382208
PFE	Pfizer Inc.	75,880	$3.344M	0.6%	—	—	COM	717081103
PAYX	Paychex Inc.	45,185	$3.328M	0.6%	—	—	COM	704326107
—	Credit Suisse Group ADR	220,018	$3.287M	0.6%	—	—	FOR	225401108
HRB	H & R Block Inc.	123,777	$3.187M	0.6%	—	—	COM	093671105
—	Alphabet, Inc Voting Class	2,633	$3.178M	0.6%	—	—	COM	02079k305
CVX	Chevron Corp.	25,509	$3.119M	0.6%	—	—	COM	166764100
MRSH	Marsh & McLennan Co.	37,587	$3.109M	0.6%	—	—	COM	571748102
UPS	United Parcel Service Inc.	26,174	$3.056M	0.6%	—	—	COM	911312106
CTSH	Cognizant Technology Solutions	38,298	$2.955M	0.6%	—	—	COM	192446102
—	Unum Group	75,534	$2.951M	0.6%	—	—	COM	91529y106
—	The Mosaic Company	86,331	$2.804M	0.5%	—	—	COM	61945c103
FDX	Fedex Corp	11,390	$2.743M	0.5%	—	—	COM	31428X106
CPF	Central Pacific Financial Co	101,847	$2.692M	0.5%	—	—	COM	154760409
—	Raytheon Company	12,500	$2.583M	0.5%	—	—	COM	755111507
—	AbbVie, Inc.	26,775	$2.532M	0.5%	—	—	COM	00287y109
—	Glaxo SmithKline PLC	62,172	$2.497M	0.5%	—	—	FOR	37733W105
—	ConocoPhillips	31,010	$2.4M	0.5%	—	—	COM	20825c104
—	Costco Wholesale Corp	9,777	$2.296M	0.4%	—	—	COM	22160k105
MCD	McDonalds Corp	13,680	$2.289M	0.4%	—	—	COM	580135101
LW	Lamb Weston Holdings	33,514	$2.232M	0.4%	—	—	COM	513272104
BTI	British American Tobacco	47,675	$2.223M	0.4%	—	—	FOR	110448107
—	Sally Beauty Holdings Inc.	116,386	$2.14M	0.4%	—	—	COM	79546e104
—	Manitex Intl	200,181	$2.108M	0.4%	—	—	COM	563420108
CSCO	Cisco Sys Inc.	42,216	$2.054M	0.4%	—	—	COM	17275R102
—	Monster Beverage Corp.	34,800	$2.028M	0.4%	—	—	COM	61174x109
—	Diageo PLC ADR	14,024	$1.987M	0.4%	—	—	FOR	25243q205
—	Allergan PLC	10,250	$1.952M	0.4%	—	—	FOR	g0177j108
VZ	Verizon Communications	35,924	$1.918M	0.4%	—	—	COM	92343V104
PSX	Phillips 66	16,861	$1.901M	0.4%	—	—	COM	718546104
—	Twenty-First Century Fox Cl A	39,809	$1.844M	0.3%	—	—	COM	90130a101
UNP	Union Pacific Corp	11,259	$1.833M	0.3%	—	—	COM	907818108
—	Facebook, Inc.	11,070	$1.821M	0.3%	—	—	COM	30303m102
AAPL	Apple, Inc.	7,725	$1.744M	0.3%	—	—	COM	037833100
MDLZ	Mondelez International, Inc.	40,505	$1.74M	0.3%	—	—	COM	609207105
WFC	Wells Fargo & Co.	31,262	$1.643M	0.3%	—	—	COM	949746101
INTC	Intel Corp.	33,074	$1.564M	0.3%	—	—	COM	458140100
WAFD	Washington Federal	48,048	$1.538M	0.3%	—	—	COM	938824109
ADP	Automatic Data Processing	9,922	$1.495M	0.3%	—	—	COM	053015103
—	AETNA Inc.	7,213	$1.463M	0.3%	—	—	COM	00817y108
NKE	Nike Inc Class B	16,300	$1.381M	0.3%	—	—	COM	654106103
SJM	J.M. Smucker Co.	12,808	$1.314M	0.2%	—	—	COM	832696405
—	Royal Dutch Shell PLC A	18,903	$1.288M	0.2%	—	—	FOR	780259206
AMGN	Amgen Inc.	6,128	$1.27M	0.2%	—	—	COM	031162100
YUM	Yum! Brands, Inc.	13,187	$1.199M	0.2%	—	—	COM	988498101
—	AT & T, Inc. New	35,062	$1.177M	0.2%	—	—	COM	00206r102
XOM	Exxon Mobil Corp	13,845	$1.177M	0.2%	—	—	COM	30231G102
—	Alkermes PLC	27,651	$1.174M	0.2%	—	—	FOR	g01767105
—	General Motors Company	34,749	$1.17M	0.2%	—	—	COM	37045v100
—	Textainer Group Holdings Limit	89,975	$1.152M	0.2%	—	—	FOR	g8766e109
CAG	ConAgra Foods Inc.	33,875	$1.151M	0.2%	—	—	COM	205887102
—	Weight Watchers Intl. Inc.	15,557	$1.12M	0.2%	—	—	COM	948626106
—	CenturyLink Inc.	52,500	$1.113M	0.2%	—	—	COM	156700106
—	DR Horton, Inc	25,900	$1.092M	0.2%	—	—	COM	23331a109
DIS	The Walt Disney Co.	9,332	$1.091M	0.2%	—	—	COM	254687106
—	Arcos Dorados Hldgs.	173,164	$1.082M	0.2%	—	—	FOR	g0457f107
—	Ingersoll Rand Co	10,512	$1.075M	0.2%	—	—	FOR	g47791101
WU	Western Union Company	55,148	$1.051M	0.2%	—	—	COM	959802109
AXP	American Express Co.	9,143	$974K	0.2%	—	—	COM	025816109
GILD	Gilead Sciences Inc.	11,550	$892K	0.2%	—	—	COM	375558103
ALK	Alaska Air Group Inc.	12,815	$882K	0.2%	—	—	COM	011659109
—	Viacom Inc. Class B	24,795	$837K	0.2%	—	—	COM	92553p201
DAL	Delta Airlines - New	13,400	$775K	0.1%	—	—	COM	247361702
KHC	The Kraft Heinz Company	13,215	$728K	0.1%	—	—	COM	500754106
USB	US Bancorp Delaware New	12,660	$669K	0.1%	—	—	COM	902973304
SBUX	Starbucks Corp	11,668	$663K	0.1%	—	—	COM	855244109
—	FirstService Corp Voting Share	7,410	$627K	0.1%	—	—	FOR	33767e103
CAT	Caterpillar Inc.	4,002	$610K	0.1%	—	—	COM	149123101
TPR	Tapestry Inc.	11,595	$583K	0.1%	—	—	COM	876030107
—	Keurig Dr. Pepper Inc.	24,513	$568K	0.1%	—	—	COM	49271v100
CIGI	Colliers International Group	7,160	$555K	0.1%	—	—	FOR	194693107
—	Waddell & Reed Financial	25,008	$530K	0.1%	—	—	COM	930059100
LINC	Lincoln Educational	218,492	$494K	0.1%	—	—	COM	533535100
—	Legg Mason Inc.	15,395	$481K	0.1%	—	—	COM	524901105
—	Yum China Holdings, Inc.	13,387	$470K	0.1%	—	—	FOR	98850p109
WM	Waste Management Inc. Del	5,057	$457K	0.1%	—	—	COM	94106L109
BMY	Bristol Myers Squibb Co.	7,269	$451K	0.1%	—	—	COM	110122108
—	Ameriprise Financial Inc.	2,818	$416K	0.1%	—	—	COM	03076c106
—	ManpowerGroup Inc.	4,750	$408K	0.1%	—	—	COM	56418h100
WY	Weyerhaeuser Co.	12,552	$405K	0.1%	—	—	COM	962166104
HPQ	HP Inc.	14,520	$374K	0.1%	—	—	COM	40434L105
—	Pyxus International Inc.	16,260	$374K	0.1%	—	—	COM	74737v106
—	Apache Corp	7,015	$334K	0.1%	—	—	COM	037411105
—	Allegion PLC	3,670	$332K	0.1%	—	—	FOR	g0176j109
—	Dunkin Brands Group, Inc.	4,400	$324K	0.1%	—	—	COM	265504100
BRK/A	Berkshire Hathaway Inc. Class	1	$320K	0.1%	—	—	COM	084670108
—	Compass Minerals Intl.	4,465	$300K	0.1%	—	—	COM	20451n101
AGCO	AGCO Corp	4,680	$284K	0.1%	—	—	COM	001084102
GIS	General Mills	6,496	$279K	0.1%	—	—	COM	370334104
—	Laboratory Corp. of America	1,575	$274K	0.1%	—	—	COM	50540r409
—	Alphabet, Inc Non-Voting Class	225	$269K	0.1%	—	—	COM	02079k107
—	SK Telecom ADR	9,458	$264K	0.0%	—	—	FOR	78440p108
—	CDK Global, Inc.	4,224	$264K	0.0%	—	—	COM	12508e101
ADBE	Adobe Systems Inc	957	$258K	0.0%	—	—	COM	00724F101
—	Discovery Communications Serie	8,472	$251K	0.0%	—	—	COM	25470F302
—	General Electric Co.	22,104	$250K	0.0%	—	—	COM	369604103
—	Hewlett Packard Enterprise Co.	14,965	$244K	0.0%	—	—	COM	42824c109
TSM	Taiwan Semiconductor Manufactu	5,487	$242K	0.0%	—	—	FOR	874039100
AMZN	Amazon.com,Inc.	121	$242K	0.0%	—	—	COM	023135106
—	Interpublic Group	10,538	$241K	0.0%	—	—	COM	460690100
GAMI	GAMCO Investors Inc.	10,000	$234K	0.0%	—	—	COM	361438104
—	Nordstrom Inc.	3,749	$224K	0.0%	—	—	COM	655664100
ANDE	Andersons Inc.	5,815	$219K	0.0%	—	—	COM	034164103
TM	Toyota Motor Corp ADR	1,670	$208K	0.0%	—	—	FOR	892331307
LYG	Lloyds TSB Group	43,000	$131K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$73,000	0.0%	—	—	FOR	654902204
—	IsoRay, Inc.	14,218	$7,000	0.0%	—	—	COM	46489v104