Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	88,874	$21.69M	4.3%	—	—	COM	91324p102
MSFT	Microsoft Corp.	129,635	$17.37M	3.5%	—	—	COM	594918104
PM	Philip Morris International	206,971	$16.25M	3.2%	—	—	COM	718172109
—	Mastercard Inc.	56,590	$14.97M	3.0%	—	—	COM	57636q104
—	Medtronic PLC	148,548	$14.47M	2.9%	—	—	FOR	g5960L103
PEP	Pepsico Inc.	109,908	$14.41M	2.9%	—	—	COM	713448108
ELV	Anthem, Inc.	48,299	$13.63M	2.7%	—	—	COM	036752103
JNJ	Johnson & Johnson	93,905	$13.08M	2.6%	—	—	COM	478160104
BK	Bank of New York Mellon Corp	263,634	$11.64M	2.3%	—	—	COM	064058100
—	Merck & Co.Inc. New	127,981	$10.73M	2.1%	—	—	COM	58933y105
BAC	Bank of America Corp	341,676	$9.909M	2.0%	—	—	COM	060505104
—	Zimmer Biomet Holdings	84,069	$9.898M	2.0%	—	—	COM	98956p102
—	The Travelers Companies Inc.	61,861	$9.249M	1.8%	—	—	COM	89417e109
BP	BP p.l.c.	217,104	$9.053M	1.8%	—	—	FOR	055622104
KR	Kroger Co.	394,563	$8.566M	1.7%	—	—	COM	501044101
ABT	Abbott Laboratories	97,380	$8.19M	1.6%	—	—	COM	002824100
—	Visa, Inc.	44,228	$7.676M	1.5%	—	—	COM	92826c839
—	Altria Group Inc.	157,464	$7.456M	1.5%	—	—	COM	02209s103
AFL	AFLAC Inc.	127,010	$6.961M	1.4%	—	—	COM	001055102
ORCL	Oracle Corp	117,462	$6.692M	1.3%	—	—	COM	68389X105
—	Discovery,Inc. Series A	209,522	$6.432M	1.3%	—	—	COM	25470f104
—	Cerner Corporation	86,890	$6.369M	1.3%	—	—	COM	156782104
—	Biogen Inc.	27,217	$6.365M	1.3%	—	—	COM	09062x103
—	LyondellBasell Industries N.V.	71,638	$6.17M	1.2%	—	—	FOR	n53745100
KO	Coca-Cola Company	119,256	$6.073M	1.2%	—	—	COM	191216100
—	Molson Coors Brewing Co	107,864	$6.04M	1.2%	—	—	COM	60871r209
WMT	Wal Mart Stores	53,762	$5.94M	1.2%	—	—	COM	931142103
—	Unilever NV New York Shs	97,828	$5.94M	1.2%	—	—	FOR	904784709
GLW	Corning Inc	172,351	$5.727M	1.1%	—	—	COM	219350105
HD	Home Depot Inc.	27,526	$5.725M	1.1%	—	—	COM	437076102
C	Citigroup Inc.	79,219	$5.548M	1.1%	—	—	COM	172967424
AIG	American International Group	103,837	$5.532M	1.1%	—	—	COM	026874784
BA	Boeing Company	15,079	$5.489M	1.1%	—	—	COM	097023105
—	Valero Energy Corp.	63,761	$5.459M	1.1%	—	—	COM	91913y100
BRK/B	Berkshire Hathaway Inc. Class	25,180	$5.368M	1.1%	—	—	COM	084670702
BDX	Becton Dickinson & Co	21,025	$5.299M	1.1%	—	—	COM	075887109
CVS	CVS Health Corp.	87,737	$4.781M	1.0%	—	—	COM	126650100
—	America Movil ADR	324,269	$4.721M	0.9%	—	—	FOR	02364W105
BEN	Franklin Resources Inc.	135,553	$4.717M	0.9%	—	—	COM	354613101
—	Comcast Corp Cl A	106,106	$4.486M	0.9%	—	—	COM	20030n101
BKNG	Booking Holdings Inc.	2,364	$4.432M	0.9%	—	—	COM	09857L108
—	DuPont de Nemours, Inc	58,154	$4.366M	0.9%	—	—	COM	26614n102
—	Alphabet, Inc Voting Class	3,771	$4.083M	0.8%	—	—	COM	02079k305
DGX	Quest Diagnostics Inc.	39,070	$3.978M	0.8%	—	—	COM	74834L100
MRSH	Marsh & McLennan Co.	37,462	$3.737M	0.7%	—	—	COM	571748102
PAYX	Paychex Inc.	45,025	$3.705M	0.7%	—	—	COM	704326107
LOW	Lowes Companies	36,270	$3.66M	0.7%	—	—	COM	548661107
CI	Cigna Corp	22,113	$3.484M	0.7%	—	—	COM	125523100
CE	Celanese Corp	30,135	$3.249M	0.6%	—	—	COM	150870103
PFE	Pfizer Inc.	74,980	$3.248M	0.6%	—	—	COM	717081103
PG	Procter & Gamble Co.	29,057	$3.186M	0.6%	—	—	COM	742718109
CPF	Central Pacific Financial Co	104,847	$3.141M	0.6%	—	—	COM	154760409
TELFY	Telefonica S.A. ADR	371,076	$3.076M	0.6%	—	—	FOR	879382208
CVX	Chevron Corp.	24,522	$3.052M	0.6%	—	—	COM	166764100
DOW	Dow Inc.	58,196	$2.87M	0.6%	—	—	COM	260557103
MCD	McDonalds Corp	13,305	$2.763M	0.6%	—	—	COM	580135101
UPS	United Parcel Service Inc.	26,131	$2.699M	0.5%	—	—	COM	911312106
—	Credit Suisse Group ADR	218,193	$2.612M	0.5%	—	—	FOR	225401108
—	Costco Wholesale Corp	9,829	$2.597M	0.5%	—	—	COM	22160k105
FDX	Fedex Corp	15,430	$2.533M	0.5%	—	—	COM	31428X106
—	Unum Group	74,033	$2.484M	0.5%	—	—	COM	91529y106
CTSH	Cognizant Technology Solutions	37,698	$2.39M	0.5%	—	—	COM	192446102
—	Glaxo SmithKline PLC	59,616	$2.386M	0.5%	—	—	FOR	37733W105
CSCO	Cisco Sys Inc.	43,466	$2.379M	0.5%	—	—	COM	17275R102
BTI	British American Tobacco	66,635	$2.324M	0.5%	—	—	FOR	110448107
DIS	The Walt Disney Co.	16,489	$2.302M	0.5%	—	—	COM	254687106
—	Diageo PLC ADR	13,099	$2.257M	0.5%	—	—	FOR	25243q205
—	Monster Beverage Corp.	34,800	$2.221M	0.4%	—	—	COM	61174x109
—	Raytheon Company	12,500	$2.173M	0.4%	—	—	COM	755111507
MDLZ	Mondelez International, Inc.	39,410	$2.124M	0.4%	—	—	COM	609207105
—	AbbVie, Inc.	28,650	$2.083M	0.4%	—	—	COM	00287y109
—	Facebook, Inc.	10,705	$2.066M	0.4%	—	—	COM	30303m102
VZ	Verizon Communications	34,934	$1.996M	0.4%	—	—	COM	92343V104
HRB	H & R Block Inc.	67,002	$1.963M	0.4%	—	—	COM	093671105
—	ConocoPhillips	30,519	$1.862M	0.4%	—	—	COM	20825c104
AAPL	Apple, Inc.	9,375	$1.855M	0.4%	—	—	COM	037833100
UNP	Union Pacific Corp	10,709	$1.811M	0.4%	—	—	COM	907818108
PSX	Phillips 66	19,060	$1.783M	0.4%	—	—	COM	718546104
CTVA	Corteva, Inc.	58,091	$1.718M	0.3%	—	—	COM	22052L104
WAFD	Washington Federal	48,647	$1.699M	0.3%	—	—	COM	938824109
INTC	Intel Corp.	33,131	$1.586M	0.3%	—	—	COM	458140100
ADP	Automatic Data Processing	9,522	$1.574M	0.3%	—	—	COM	053015103
—	Arcos Dorados Hldgs.	214,520	$1.562M	0.3%	—	—	FOR	g0457f107
YUM	Yum! Brands, Inc.	13,137	$1.454M	0.3%	—	—	COM	988498101
—	Allergan PLC	8,440	$1.413M	0.3%	—	—	FOR	g0177j108
SJM	J.M. Smucker Co.	12,233	$1.409M	0.3%	—	—	COM	832696405
NKE	Nike Inc Class B	16,600	$1.394M	0.3%	—	—	COM	654106103
WFC	Wells Fargo & Co.	29,216	$1.383M	0.3%	—	—	COM	949746101
—	General Motors Company	34,499	$1.329M	0.3%	—	—	COM	37045v100
—	Ingersoll Rand Co	10,400	$1.317M	0.3%	—	—	FOR	g47791101
—	The Mosaic Company	52,056	$1.303M	0.3%	—	—	COM	61945c103
—	AT & T, Inc. New	38,437	$1.288M	0.3%	—	—	COM	00206r102
—	Sally Beauty Holdings Inc.	94,536	$1.261M	0.3%	—	—	COM	79546e104
—	Royal Dutch Shell PLC A	19,303	$1.256M	0.3%	—	—	FOR	780259206
—	Manitex Intl	198,981	$1.216M	0.2%	—	—	COM	563420108
AMGN	Amgen Inc.	6,108	$1.126M	0.2%	—	—	COM	031162100
AXP	American Express Co.	9,108	$1.124M	0.2%	—	—	COM	025816109
XOM	Exxon Mobil Corp	14,361	$1.101M	0.2%	—	—	COM	30231G102
SBUX	Starbucks Corp	11,518	$966K	0.2%	—	—	COM	855244109
LW	Lamb Weston Holdings	15,224	$965K	0.2%	—	—	COM	513272104
WU	Western Union Company	44,628	$888K	0.2%	—	—	COM	959802109
—	Textainer Group Holdings Limit	82,350	$830K	0.2%	—	—	FOR	g8766e109
ALK	Alaska Air Group Inc.	12,265	$784K	0.2%	—	—	COM	011659109
USB	US Bancorp Delaware New	14,635	$767K	0.2%	—	—	COM	902973304
DAL	Delta Airlines - New	13,400	$760K	0.2%	—	—	COM	247361702
—	DR Horton, Inc	17,050	$735K	0.1%	—	—	COM	23331a109
CAG	ConAgra Foods Inc.	27,475	$729K	0.1%	—	—	COM	205887102
—	FirstService Corp Voting Share	7,410	$711K	0.1%	—	—	FOR	33767e103
—	Ameriprise Financial Inc.	4,733	$687K	0.1%	—	—	COM	03076c106
GILD	Gilead Sciences Inc.	10,050	$679K	0.1%	—	—	COM	375558103
—	Viacom Inc. Class B	22,205	$663K	0.1%	—	—	COM	92553p201
—	Alkermes PLC	27,651	$623K	0.1%	—	—	FOR	g01767105
—	Yum China Holdings, Inc.	13,337	$616K	0.1%	—	—	FOR	98850p109
CAT	Caterpillar Inc.	4,077	$556K	0.1%	—	—	COM	149123101
—	CenturyLink Inc.	46,400	$546K	0.1%	—	—	COM	156700106
CIGI	Colliers International Group	7,160	$513K	0.1%	—	—	FOR	194693107
LINC	Lincoln Educational	197,668	$457K	0.1%	—	—	COM	533535100
—	ManpowerGroup Inc.	4,650	$449K	0.1%	—	—	COM	56418h100
—	Keurig Dr. Pepper Inc.	15,223	$440K	0.1%	—	—	COM	49271v100
KHC	The Kraft Heinz Company	13,146	$408K	0.1%	—	—	COM	500754106
—	Waddell & Reed Financial	24,458	$408K	0.1%	—	—	COM	930059100
—	Allegion PLC	3,637	$402K	0.1%	—	—	FOR	g0176j109
AGCO	AGCO Corp	4,680	$363K	0.1%	—	—	COM	001084102
WY	Weyerhaeuser Co.	13,472	$355K	0.1%	—	—	COM	962166104
TPR	Tapestry Inc.	10,245	$325K	0.1%	—	—	COM	876030107
—	Dunkin Brands Group, Inc.	4,025	$321K	0.1%	—	—	COM	265504100
BRK/A	Berkshire Hathaway Inc. Class	1	$318K	0.1%	—	—	COM	084670108
—	Cypress Semiconductor	13,725	$305K	0.1%	—	—	COM	232806109
—	WW International, Inc.	15,507	$296K	0.1%	—	—	COM	948626106
GIS	General Mills	5,546	$291K	0.1%	—	—	COM	370334104
—	RumbleOn, Inc.	64,009	$287K	0.1%	—	—	COM	781386206
HPQ	HP Inc.	13,543	$282K	0.1%	—	—	COM	40434L105
ADBE	Adobe Systems Inc	957	$282K	0.1%	—	—	COM	00724F101
—	Legg Mason Inc.	7,020	$269K	0.1%	—	—	COM	524901105
BMY	Bristol Myers Squibb Co.	5,919	$268K	0.1%	—	—	COM	110122108
—	Laboratory Corp. of America	1,445	$250K	0.0%	—	—	COM	50540r409
—	General Electric Co.	23,604	$248K	0.0%	—	—	COM	369604103
—	Alphabet, Inc Non-Voting Class	225	$243K	0.0%	—	—	COM	02079k107
—	Discovery,Inc. Series C	8,391	$239K	0.0%	—	—	COM	25470F302
QCOM	Qualcomm Inc	3,110	$237K	0.0%	—	—	COM	747525103
FOXA	Fox Corporation Class A	6,372	$233K	0.0%	—	—	COM	35137L105
—	Gates Industrial Corporation P	20,357	$232K	0.0%	—	—	COM	g39108108
—	Interpublic Group	10,268	$232K	0.0%	—	—	COM	460690100
AMZN	Amazon.com, Inc.	121	$229K	0.0%	—	—	COM	023135106
—	Hewlett Packard Enterprise Co.	14,965	$224K	0.0%	—	—	COM	42824c109
—	Pyxus International Inc.	14,710	$224K	0.0%	—	—	COM	74737v106
—	SK Telecom ADR	8,883	$220K	0.0%	—	—	FOR	78440p108
TSM	Taiwan Semiconductor Manufactu	5,487	$215K	0.0%	—	—	FOR	874039100
FAST	Fastenal Co.	6,600	$215K	0.0%	—	—	COM	311900104
—	Enbridge Inc.	5,942	$214K	0.0%	—	—	FOR	29250n105
VALU	Value Line Inc.	7,740	$213K	0.0%	—	—	COM	920437100
TM	Toyota Motor Corp ADR	1,670	$207K	0.0%	—	—	FOR	892331307
—	CDK Global, Inc.	4,192	$207K	0.0%	—	—	COM	12508e101
WM	Waste Management Inc. Del	1,782	$206K	0.0%	—	—	COM	94106L109
—	Compass Minerals Intl.	3,665	$201K	0.0%	—	—	COM	20451n101
DLR	Digital Realty Trust	1,700	$200K	0.0%	—	—	COM	253868103
GAMI	GAMCO Investors Inc.	10,000	$192K	0.0%	—	—	COM	361438104
SM	SM Energy Company	10,840	$136K	0.0%	—	—	COM	78454L100
F	Ford Motor Co.- New	11,337	$116K	0.0%	—	—	COM	345370860
LYG	Lloyds TSB Group	39,000	$111K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$66,000	0.0%	—	—	FOR	654902204
—	Aegon NV ORD	11,700	$58,000	0.0%	—	—	FOR	007924103
—	IsoRay, Inc.	14,218	$6,000	0.0%	—	—	COM	46489v104