Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	88,869	$19.31M	3.9%	—	—	COM	91324p102
MSFT	Microsoft Corp.	129,700	$18.03M	3.6%	—	—	COM	594918104
—	Medtronic PLC	144,903	$15.74M	3.2%	—	—	FOR	g5960L103
PM	Philip Morris International	206,971	$15.71M	3.2%	—	—	COM	718172109
—	Mastercard Inc.	56,590	$15.37M	3.1%	—	—	COM	57636q104
PEP	Pepsico Inc.	108,783	$14.91M	3.0%	—	—	COM	713448108
JNJ	Johnson & Johnson	93,805	$12.14M	2.4%	—	—	COM	478160104
ELV	Anthem, Inc.	48,249	$11.59M	2.3%	—	—	COM	036752103
BK	Bank of New York Mellon Corp	244,259	$11.04M	2.2%	—	—	COM	064058100
—	Merck & Co.Inc. New	128,141	$10.79M	2.2%	—	—	COM	58933y105
KR	Kroger Co.	393,913	$10.15M	2.0%	—	—	COM	501044101
BAC	Bank of America Corp	341,326	$9.956M	2.0%	—	—	COM	060505104
—	Zimmer Biomet Holdings	70,654	$9.699M	2.0%	—	—	COM	98956p102
—	The Travelers Companies Inc.	61,715	$9.176M	1.8%	—	—	COM	89417e109
BP	BP p.l.c.	216,779	$8.235M	1.7%	—	—	FOR	055622104
ABT	Abbott Laboratories	97,680	$8.173M	1.6%	—	—	COM	002824100
—	Visa, Inc.	44,228	$7.608M	1.5%	—	—	COM	92826c839
AFL	AFLAC Inc.	126,885	$6.639M	1.3%	—	—	COM	001055102
KO	Coca-Cola Company	119,106	$6.484M	1.3%	—	—	COM	191216100
ORCL	Oracle Corp	117,412	$6.461M	1.3%	—	—	COM	68389X105
—	Altria Group Inc.	157,389	$6.437M	1.3%	—	—	COM	02209s103
WMT	Wal Mart Stores	54,087	$6.419M	1.3%	—	—	COM	931142103
—	LyondellBasell Industries N.V.	71,638	$6.409M	1.3%	—	—	FOR	n53745100
—	Biogen Inc.	27,417	$6.383M	1.3%	—	—	COM	09062x103
HD	Home Depot Inc.	27,476	$6.375M	1.3%	—	—	COM	437076102
—	Molson Coors Brewing Co	107,714	$6.194M	1.2%	—	—	COM	60871r209
—	Cerner Corporation	86,790	$5.916M	1.2%	—	—	COM	156782104
—	Unilever NV New York Shs	97,778	$5.87M	1.2%	—	—	FOR	904784709
AIG	American International Group	103,837	$5.784M	1.2%	—	—	COM	026874784
BA	Boeing Company	15,099	$5.745M	1.2%	—	—	COM	097023105
—	Discovery,Inc. Series A	209,522	$5.58M	1.1%	—	—	COM	25470f104
CVS	CVS Health Corp.	87,707	$5.532M	1.1%	—	—	COM	126650100
—	Valero Energy Corp.	63,391	$5.403M	1.1%	—	—	COM	91913y100
C	Citigroup Inc.	78,119	$5.396M	1.1%	—	—	COM	172967424
BDX	Becton Dickinson & Co	20,825	$5.268M	1.1%	—	—	COM	075887109
BRK/B	Berkshire Hathaway Inc. Class	25,180	$5.238M	1.1%	—	—	COM	084670702
GLW	Corning Inc	172,351	$4.915M	1.0%	—	—	COM	219350105
—	America Movil ADR	322,419	$4.791M	1.0%	—	—	FOR	02364W105
—	Comcast Corp Cl A	105,970	$4.777M	1.0%	—	—	COM	20030n101
BKNG	Booking Holdings Inc.	2,364	$4.64M	0.9%	—	—	COM	09857L108
—	Alphabet, Inc Voting Class	3,753	$4.583M	0.9%	—	—	COM	02079k305
—	DuPont de Nemours, Inc	59,104	$4.215M	0.8%	—	—	COM	26614n102
DGX	Quest Diagnostics Inc.	38,045	$4.072M	0.8%	—	—	COM	74834L100
LOW	Lowes Companies	36,270	$3.988M	0.8%	—	—	COM	548661107
BEN	Franklin Resources Inc.	135,503	$3.911M	0.8%	—	—	COM	354613101
MRSH	Marsh & McLennan Co.	37,362	$3.738M	0.8%	—	—	COM	571748102
PAYX	Paychex Inc.	44,915	$3.718M	0.7%	—	—	COM	704326107
CE	Celanese Corp	30,060	$3.676M	0.7%	—	—	COM	150870103
PG	Procter & Gamble Co.	28,507	$3.546M	0.7%	—	—	COM	742718109
CVX	Chevron Corp.	28,886	$3.426M	0.7%	—	—	COM	166764100
CI	Cigna Corp	22,104	$3.355M	0.7%	—	—	COM	125523100
CPF	Central Pacific Financial Co	104,827	$2.977M	0.6%	—	—	COM	154760409
MCD	McDonalds Corp	13,295	$2.855M	0.6%	—	—	COM	580135101
—	Costco Wholesale Corp	9,807	$2.825M	0.6%	—	—	COM	22160k105
DOW	Dow Inc.	59,182	$2.82M	0.6%	—	—	COM	260557103
TELFY	Telefonica S.A. ADR	367,261	$2.791M	0.6%	—	—	FOR	879382208
PFE	Pfizer Inc.	75,001	$2.695M	0.5%	—	—	COM	717081103
—	Credit Suisse Group ADR	217,868	$2.66M	0.5%	—	—	FOR	225401108
—	Facebook, Inc.	14,100	$2.511M	0.5%	—	—	COM	30303m102
—	Raytheon Company	12,500	$2.452M	0.5%	—	—	COM	755111507
—	Glaxo SmithKline PLC	57,276	$2.445M	0.5%	—	—	FOR	37733W105
BTI	British American Tobacco	65,485	$2.416M	0.5%	—	—	FOR	110448107
CTSH	Cognizant Technology Solutions	37,998	$2.29M	0.5%	—	—	COM	192446102
FDX	Fedex Corp	15,130	$2.202M	0.4%	—	—	COM	31428X106
—	Unum Group	73,447	$2.183M	0.4%	—	—	COM	91529y106
—	AbbVie, Inc.	28,660	$2.17M	0.4%	—	—	COM	00287y109
MDLZ	Mondelez International, Inc.	38,860	$2.15M	0.4%	—	—	COM	609207105
DIS	The Walt Disney Co.	16,486	$2.148M	0.4%	—	—	COM	254687106
—	Diageo PLC ADR	13,099	$2.142M	0.4%	—	—	FOR	25243q205
CSCO	Cisco Sys Inc.	43,266	$2.138M	0.4%	—	—	COM	17275R102
AAPL	Apple, Inc.	9,525	$2.133M	0.4%	—	—	COM	037833100
VZ	Verizon Communications	34,965	$2.11M	0.4%	—	—	COM	92343V104
—	Monster Beverage Corp.	34,800	$2.02M	0.4%	—	—	COM	61174x109
UPS	United Parcel Service Inc.	16,837	$2.017M	0.4%	—	—	COM	911312106
PSX	Phillips 66	19,225	$1.969M	0.4%	—	—	COM	718546104
—	ConocoPhillips	30,619	$1.745M	0.4%	—	—	COM	20825c104
INTC	Intel Corp.	33,576	$1.73M	0.3%	—	—	COM	458140100
UNP	Union Pacific Corp	10,659	$1.727M	0.3%	—	—	COM	907818108
WAFD	Washington Federal	46,647	$1.725M	0.3%	—	—	COM	938824109
CTVA	Corteva, Inc.	59,075	$1.654M	0.3%	—	—	COM	22052L104
HRB	H & R Block Inc.	65,592	$1.549M	0.3%	—	—	COM	093671105
NKE	Nike Inc Class B	16,400	$1.54M	0.3%	—	—	COM	654106103
ADP	Automatic Data Processing	9,522	$1.537M	0.3%	—	—	COM	053015103
WFC	Wells Fargo & Co.	29,814	$1.504M	0.3%	—	—	COM	949746101
YUM	Yum! Brands, Inc.	13,137	$1.49M	0.3%	—	—	COM	988498101
—	AT & T, Inc. New	39,037	$1.477M	0.3%	—	—	COM	00206r102
—	Arcos Dorados Hldgs.	213,520	$1.435M	0.3%	—	—	FOR	g0457f107
—	Allergan PLC	8,440	$1.42M	0.3%	—	—	FOR	g0177j108
—	Sally Beauty Holdings Inc.	93,336	$1.39M	0.3%	—	—	COM	79546e104
SJM	J.M. Smucker Co.	12,233	$1.346M	0.3%	—	—	COM	832696405
—	Manitex Intl	198,681	$1.321M	0.3%	—	—	COM	563420108
—	General Motors Company	34,399	$1.289M	0.3%	—	—	COM	37045v100
—	Ingersoll Rand Co	10,400	$1.281M	0.3%	—	—	FOR	g47791101
AMGN	Amgen Inc.	6,208	$1.201M	0.2%	—	—	COM	031162100
—	Royal Dutch Shell PLC A	18,803	$1.107M	0.2%	—	—	FOR	780259206
LW	Lamb Weston Holdings	15,224	$1.107M	0.2%	—	—	COM	513272104
AXP	American Express Co.	9,058	$1.071M	0.2%	—	—	COM	025816109
—	The Mosaic Company	51,956	$1.065M	0.2%	—	—	COM	61945c103
XOM	Exxon Mobil Corp	14,411	$1.018M	0.2%	—	—	COM	30231G102
SBUX	Starbucks Corp	11,418	$1.01M	0.2%	—	—	COM	855244109
—	DR Horton, Inc	17,050	$899K	0.2%	—	—	COM	23331a109
CAG	ConAgra Foods Inc.	26,775	$821K	0.2%	—	—	COM	205887102
—	Textainer Group Holdings Limit	82,350	$816K	0.2%	—	—	FOR	g8766e109
USB	US Bancorp Delaware New	14,635	$810K	0.2%	—	—	COM	902973304
ALK	Alaska Air Group Inc.	12,265	$796K	0.2%	—	—	COM	011659109
DAL	Delta Airlines - New	13,670	$787K	0.2%	—	—	COM	247361702
—	FirstService Corp Voting Share	7,410	$760K	0.2%	—	—	FOR	33767e103
—	Sundial Growers Inc.	148,170	$710K	0.1%	—	—	FOR	86730L109
—	Ameriprise Financial Inc.	4,713	$693K	0.1%	—	—	COM	03076c106
WU	Western Union Company	29,105	$674K	0.1%	—	—	COM	959802109
GILD	Gilead Sciences Inc.	10,050	$637K	0.1%	—	—	COM	375558103
—	Yum China Holdings, Inc.	13,337	$606K	0.1%	—	—	FOR	98850p109
—	WW International, Inc.	15,467	$585K	0.1%	—	—	COM	98262p101
—	CenturyLink Inc.	46,400	$579K	0.1%	—	—	COM	156700106
—	Alkermes PLC	27,551	$538K	0.1%	—	—	FOR	g01767105
CIGI	Colliers International Group	7,160	$537K	0.1%	—	—	FOR	194693107
—	Viacom Inc. Class B	21,155	$508K	0.1%	—	—	COM	92553p201
CAT	Caterpillar Inc.	3,940	$498K	0.1%	—	—	COM	149123101
—	Keurig Dr. Pepper Inc.	15,173	$415K	0.1%	—	—	COM	49271v100
LINC	Lincoln Educational	196,261	$408K	0.1%	—	—	COM	533535100
—	ManpowerGroup Inc.	4,650	$392K	0.1%	—	—	COM	56418h100
—	Allegion PLC	3,637	$377K	0.1%	—	—	FOR	g0176j109
WY	Weyerhaeuser Co.	13,472	$373K	0.1%	—	—	COM	962166104
KHC	The Kraft Heinz Company	13,085	$366K	0.1%	—	—	COM	500754106
—	Cypress Semiconductor	15,525	$362K	0.1%	—	—	COM	232806109
AGCO	AGCO Corp	4,680	$354K	0.1%	—	—	COM	001084102
—	Dunkin Brands Group, Inc.	4,025	$319K	0.1%	—	—	COM	265504100
BRK/A	Berkshire Hathaway Inc. Class	1	$312K	0.1%	—	—	COM	084670108
BMY	Bristol Myers Squibb Co.	6,069	$308K	0.1%	—	—	COM	110122108
GIS	General Mills	5,546	$306K	0.1%	—	—	COM	370334104
—	Gates Industrial Corporation P	29,357	$296K	0.1%	—	—	COM	g39108108
—	Alphabet, Inc Non-Voting Class	225	$274K	0.1%	—	—	COM	02079k107
TPR	Tapestry Inc.	10,245	$267K	0.1%	—	—	COM	876030107
ADBE	Adobe Systems Inc	957	$264K	0.1%	—	—	COM	00724F101
TSM	Taiwan Semiconductor Manufactu	5,487	$255K	0.1%	—	—	FOR	874039100
—	Waddell & Reed Financial	14,458	$248K	0.0%	—	—	COM	930059100
HPQ	HP Inc.	13,128	$248K	0.0%	—	—	COM	40434L105
DLR	Digital Realty Trust	1,900	$247K	0.0%	—	—	COM	253868103
PH	Parker-Hannifin Corp.	1,370	$247K	0.0%	—	—	COM	701094104
—	Laboratory Corp. of America	1,445	$243K	0.0%	—	—	COM	50540r409
QCOM	Qualcomm Inc	3,060	$233K	0.0%	—	—	COM	747525103
TM	Toyota Motor Corp ADR	1,670	$225K	0.0%	—	—	FOR	892331307
—	Hewlett Packard Enterprise Co.	14,600	$221K	0.0%	—	—	COM	42824c109
—	Interpublic Group	10,268	$221K	0.0%	—	—	COM	460690100
FAST	Fastenal Co.	6,600	$216K	0.0%	—	—	COM	311900104
—	General Electric Co.	24,004	$215K	0.0%	—	—	COM	369604103
AMZN	Amazon.com, Inc.	121	$210K	0.0%	—	—	COM	023135106
—	Discovery,Inc. Series C	8,391	$207K	0.0%	—	—	COM	25470F302
—	Compass Minerals Intl.	3,665	$207K	0.0%	—	—	COM	20451n101
—	Enbridge Inc.	5,873	$206K	0.0%	—	—	FOR	29250n105
WM	Waste Management Inc. Del	1,782	$205K	0.0%	—	—	COM	94106L109
ETR	Entergy Corp	1,750	$205K	0.0%	—	—	COM	29364G103
—	CDK Global, Inc.	4,192	$202K	0.0%	—	—	COM	12508e101
GAMI	GAMCO Investors Inc.	10,000	$195K	0.0%	—	—	COM	361438104
—	Pyxus International Inc.	14,520	$190K	0.0%	—	—	COM	74737v106
—	RumbleOn, Inc.	64,009	$185K	0.0%	—	—	COM	781386206
F	Ford Motor Co.- New	12,782	$117K	0.0%	—	—	COM	345370860
LYG	Lloyds TSB Group	39,000	$103K	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	13,117	$66,000	0.0%	—	—	FOR	654902204
—	Aegon NV ORD	11,550	$48,000	0.0%	—	—	FOR	007924103
—	IsoRay, Inc.	14,218	$5,000	0.0%	—	—	COM	46489v104