Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	UnitedHealth Group Inc.	88,129	$21.98M	5.5%	—	—	COM	91324p102
MSFT	Microsoft Corp.	128,080	$20.2M	5.0%	—	—	COM	594918104
PM	Philip Morris International	206,736	$15.08M	3.8%	—	—	COM	718172109
—	Medtronic PLC	144,305	$13.01M	3.2%	—	—	FOR	g5960L103
PEP	Pepsico Inc.	108,198	$12.99M	3.2%	—	—	COM	713448108
—	Mastercard Inc.	53,590	$12.95M	3.2%	—	—	COM	57636q104
JNJ	Johnson & Johnson	93,100	$12.21M	3.0%	—	—	COM	478160104
KR	Kroger Co.	378,511	$11.4M	2.8%	—	—	COM	501044101
ELV	Anthem, Inc.	48,054	$10.91M	2.7%	—	—	COM	036752103
—	Merck & Co.Inc. New	127,536	$9.813M	2.4%	—	—	COM	58933y105
—	Biogen Inc.	26,262	$8.309M	2.1%	—	—	COM	09062x103
BK	Bank of New York Mellon Corp	242,609	$8.171M	2.0%	—	—	COM	064058100
ABT	Abbott Laboratories	93,497	$7.378M	1.8%	—	—	COM	002824100
BAC	Bank of America Corp	340,432	$7.227M	1.8%	—	—	COM	060505104
—	Zimmer Biomet Holdings	70,039	$7.08M	1.8%	—	—	COM	98956p102
—	Visa, Inc.	43,228	$6.965M	1.7%	—	—	COM	92826c839
—	The Travelers Companies Inc.	61,149	$6.075M	1.5%	—	—	COM	89417e109
WMT	Wal Mart Stores	53,262	$6.052M	1.5%	—	—	COM	931142103
—	Altria Group Inc.	156,214	$6.041M	1.5%	—	—	COM	02209s103
KO	Coca-Cola Company	121,453	$5.374M	1.3%	—	—	COM	191216100
—	Cerner Corporation	84,665	$5.333M	1.3%	—	—	COM	156782104
BP	BP p.l.c.	215,849	$5.265M	1.3%	—	—	FOR	055622104
CVS	CVS Health Corp.	88,352	$5.242M	1.3%	—	—	COM	126650100
HD	Home Depot Inc.	27,556	$5.145M	1.3%	—	—	COM	437076102
—	Unilever NV New York Shs	93,943	$4.583M	1.1%	—	—	FOR	904784709
BRK/B	Berkshire Hathaway Inc. Class	24,915	$4.555M	1.1%	—	—	COM	084670702
—	Alphabet, Inc Voting Class	3,867	$4.493M	1.1%	—	—	COM	02079k305
AFL	AFLAC Inc.	126,435	$4.329M	1.1%	—	—	COM	001055102
BDX	Becton Dickinson & Co	18,790	$4.317M	1.1%	—	—	COM	075887109
—	Molson Coors Brewing Co	106,851	$4.168M	1.0%	—	—	COM	60871r209
CI	Cigna Corp	22,240	$3.94M	1.0%	—	—	COM	125523100
—	Discovery,Inc. Series A	197,947	$3.848M	1.0%	—	—	COM	25470f104
—	LyondellBasell Industries N.V.	71,218	$3.535M	0.9%	—	—	FOR	n53745100
GLW	Corning Inc	171,601	$3.525M	0.9%	—	—	COM	219350105
—	Comcast Corp Cl A	100,827	$3.466M	0.9%	—	—	COM	20030n101
C	Citigroup Inc.	77,133	$3.249M	0.8%	—	—	COM	172967424
MRSH	Marsh & McLennan Co.	37,092	$3.207M	0.8%	—	—	COM	571748102
PG	Procter & Gamble Co.	28,177	$3.099M	0.8%	—	—	COM	742718109
LOW	Lowes Companies	35,685	$3.071M	0.8%	—	—	COM	548661107
BKNG	Booking Holdings Inc.	2,220	$2.987M	0.7%	—	—	COM	09857L108
DGX	Quest Diagnostics Inc.	37,045	$2.975M	0.7%	—	—	COM	74834L100
—	Valero Energy Corp.	62,459	$2.833M	0.7%	—	—	COM	91913y100
PAYX	Paychex Inc.	44,495	$2.8M	0.7%	—	—	COM	704326107
—	Costco Wholesale Corp	9,763	$2.784M	0.7%	—	—	COM	22160k105
AIG	American International Group	103,607	$2.512M	0.6%	—	—	COM	026874784
AAPL	Apple, Inc.	9,680	$2.462M	0.6%	—	—	COM	037833100
PFE	Pfizer Inc.	73,268	$2.391M	0.6%	—	—	COM	717081103
—	Facebook, Inc.	14,095	$2.351M	0.6%	—	—	COM	30303m102
—	America Movil ADR	198,744	$2.341M	0.6%	—	—	FOR	02364W105
BA	Boeing Company	15,224	$2.271M	0.6%	—	—	COM	097023105
BEN	Franklin Resources Inc.	134,718	$2.248M	0.6%	—	—	COM	354613101
BTI	British American Tobacco	65,385	$2.236M	0.6%	—	—	FOR	110448107
CTSH	Cognizant Technology Solutions	48,103	$2.235M	0.6%	—	—	COM	192446102
CE	Celanese Corp	29,975	$2.2M	0.5%	—	—	COM	150870103
—	AbbVie, Inc.	28,390	$2.163M	0.5%	—	—	COM	00287y109
CSCO	Cisco Sys Inc.	54,491	$2.142M	0.5%	—	—	COM	17275R102
—	Glaxo SmithKline PLC	56,351	$2.135M	0.5%	—	—	FOR	37733W105
—	Monster Beverage Corp.	35,800	$2.014M	0.5%	—	—	COM	61174x109
VZ	Verizon Communications	37,315	$2.005M	0.5%	—	—	COM	92343V104
MCD	McDonalds Corp	12,120	$2.004M	0.5%	—	—	COM	580135101
CVX	Chevron Corp.	27,399	$1.985M	0.5%	—	—	COM	166764100
—	DuPont de Nemours, Inc	57,950	$1.976M	0.5%	—	—	COM	26614n102
MDLZ	Mondelez International, Inc.	38,733	$1.94M	0.5%	—	—	COM	609207105
FDX	Fedex Corp	15,173	$1.84M	0.5%	—	—	COM	31428X106
INTC	Intel Corp.	32,986	$1.785M	0.4%	—	—	COM	458140100
—	Credit Suisse Group ADR	214,543	$1.736M	0.4%	—	—	FOR	225401108
DOW	Dow Inc.	58,521	$1.711M	0.4%	—	—	COM	260557103
—	Raytheon Company	12,500	$1.639M	0.4%	—	—	COM	755111507
DIS	The Walt Disney Co.	16,805	$1.623M	0.4%	—	—	COM	254687106
—	Diageo PLC ADR	12,554	$1.596M	0.4%	—	—	FOR	25243q205
CPF	Central Pacific Financial Co	98,797	$1.571M	0.4%	—	—	COM	154760409
UPS	United Parcel Service Inc.	16,749	$1.565M	0.4%	—	—	COM	911312106
UNP	Union Pacific Corp	10,565	$1.49M	0.4%	—	—	COM	907818108
—	Allergan PLC	8,365	$1.481M	0.4%	—	—	FOR	g0177j108
TELFY	Telefonica S.A. ADR	307,638	$1.406M	0.4%	—	—	FOR	879382208
CTVA	Corteva, Inc.	58,625	$1.378M	0.3%	—	—	COM	22052L104
NKE	Nike Inc Class B	16,550	$1.369M	0.3%	—	—	COM	654106103
ADP	Automatic Data Processing	9,522	$1.301M	0.3%	—	—	COM	053015103
WAFD	Washington Federal	46,512	$1.207M	0.3%	—	—	COM	938824109
—	AT & T, Inc. New	38,988	$1.137M	0.3%	—	—	COM	00206r102
—	Unum Group	72,337	$1.086M	0.3%	—	—	COM	91529y106
AMGN	Amgen Inc.	5,158	$1.046M	0.3%	—	—	COM	031162100
PSX	Phillips 66	18,957	$1.017M	0.3%	—	—	COM	718546104
WFC	Wells Fargo & Co.	34,341	$986K	0.2%	—	—	COM	949746101
—	ConocoPhillips	30,319	$934K	0.2%	—	—	COM	20825c104
HRB	H & R Block Inc.	65,017	$915K	0.2%	—	—	COM	093671105
SBUX	Starbucks Corp	13,893	$913K	0.2%	—	—	COM	855244109
YUM	Yum! Brands, Inc.	13,137	$900K	0.2%	—	—	COM	988498101
GILD	Gilead Sciences Inc.	11,800	$882K	0.2%	—	—	COM	375558103
—	Trane Technologies PLC	10,400	$859K	0.2%	—	—	FOR	g8994e103
—	General Motors Company	39,299	$817K	0.2%	—	—	COM	37045v100
—	Manitex Intl	190,406	$786K	0.2%	—	—	COM	563420108
CAG	ConAgra Foods Inc.	26,625	$781K	0.2%	—	—	COM	205887102
AXP	American Express Co.	8,913	$763K	0.2%	—	—	COM	025816109
ORCL	Oracle Corp	15,153	$732K	0.2%	—	—	COM	68389X105
—	The Mosaic Company	66,856	$723K	0.2%	—	—	COM	61945c103
—	Arcos Dorados Hldgs.	212,145	$709K	0.2%	—	—	FOR	g0457f107
—	Sally Beauty Holdings Inc.	86,586	$700K	0.2%	—	—	COM	79546e104
—	Textainer Group Holdings Limit	80,350	$660K	0.2%	—	—	FOR	g8766e109
—	Royal Dutch Shell PLC A	18,503	$646K	0.2%	—	—	FOR	780259206
—	Yum China Holdings, Inc.	13,602	$580K	0.1%	—	—	FOR	98850p109
—	DR Horton, Inc	17,050	$580K	0.1%	—	—	COM	23331a109
—	FirstService Corp Voting Share	7,410	$571K	0.1%	—	—	FOR	33767e103
LW	Lamb Weston Holdings	9,509	$543K	0.1%	—	—	COM	513272104
XOM	Exxon Mobil Corp	13,873	$527K	0.1%	—	—	COM	30231G102
WU	Western Union Company	28,905	$524K	0.1%	—	—	COM	959802109
—	Ameriprise Financial Inc.	4,688	$480K	0.1%	—	—	COM	03076c106
—	58.com Inc.	9,400	$458K	0.1%	—	—	FOR	31680q104
LINC	Lincoln Educational	204,261	$449K	0.1%	—	—	COM	533535100
CAT	Caterpillar Inc.	3,865	$448K	0.1%	—	—	COM	149123101
—	CenturyLink Inc.	41,900	$396K	0.1%	—	—	COM	156700106
—	Alkermes PLC	27,391	$395K	0.1%	—	—	FOR	g01767105
BMY	Bristol Myers Squibb Co.	7,025	$392K	0.1%	—	—	COM	110122108
DAL	Delta Airlines - New	13,250	$378K	0.1%	—	—	COM	247361702
—	Keurig Dr. Pepper Inc.	15,008	$364K	0.1%	—	—	COM	49271v100
CIGI	Colliers International Group	7,160	$344K	0.1%	—	—	FOR	194693107
ALK	Alaska Air Group Inc.	11,965	$341K	0.1%	—	—	COM	011659109
—	Allegion PLC	3,637	$335K	0.1%	—	—	FOR	g0176j109
USB	US Bancorp Delaware New	9,635	$332K	0.1%	—	—	COM	902973304
KHC	The Kraft Heinz Company	12,719	$315K	0.1%	—	—	COM	500754106
ADBE	Adobe Systems Inc	906	$288K	0.1%	—	—	COM	00724F101
GIS	General Mills	5,271	$278K	0.1%	—	—	COM	370334104
—	Dunkin Brands Group, Inc.	5,225	$277K	0.1%	—	—	COM	265504100
AMZN	Amazon.com, Inc.	141	$275K	0.1%	—	—	COM	023135106
BRK/A	Berkshire Hathaway Inc. Class	1	$272K	0.1%	—	—	COM	084670108
DLR	Digital Realty Trust	1,900	$264K	0.1%	—	—	COM	253868103
TSM	Taiwan Semiconductor Manufactu	5,487	$262K	0.1%	—	—	FOR	874039100
—	Alphabet, Inc Non-Voting Class	225	$262K	0.1%	—	—	COM	02079k107
—	WW International, Inc.	14,787	$250K	0.1%	—	—	COM	98262p101
WY	Weyerhaeuser Co.	13,972	$237K	0.1%	—	—	COM	962166104
—	ManpowerGroup Inc.	4,400	$233K	0.1%	—	—	COM	56418h100
—	Ingersoll Rand Inc.	9,163	$227K	0.1%	—	—	COM	45687v106
HPQ	HP Inc.	13,028	$226K	0.1%	—	—	COM	40434L105
AGCO	AGCO Corp	4,650	$220K	0.1%	—	—	COM	001084102
—	Gates Industrial Corporation P	29,357	$217K	0.1%	—	—	COM	g39108108
QCOM	Qualcomm Inc	3,060	$207K	0.1%	—	—	COM	747525103
FAST	Fastenal Co.	6,475	$202K	0.1%	—	—	COM	311900104
TM	Toyota Motor Corp ADR	1,670	$200K	0.0%	—	—	FOR	892331307
—	General Electric Co.	23,546	$187K	0.0%	—	—	COM	369604103
—	ViacomCBS Inc. B	12,543	$176K	0.0%	—	—	COM	92556h206
—	Interpublic Group	10,028	$162K	0.0%	—	—	COM	460690100
—	Hewlett Packard Enterprise Co.	14,400	$140K	0.0%	—	—	COM	42824c109
TPR	Tapestry Inc.	10,145	$131K	0.0%	—	—	COM	876030107
—	Sundial Growers Inc.	128,000	$82,000	0.0%	—	—	FOR	86730L109
F	Ford Motor Co.- New	12,632	$61,000	0.0%	—	—	COM	345370860
LYG	Lloyds TSB Group	39,000	$59,000	0.0%	—	—	COM	539439109
NOK	Nokia Corp Sponsored ADR	17,037	$53,000	0.0%	—	—	FOR	654902204
—	Pyxus International Inc.	13,585	$42,000	0.0%	—	—	COM	74737v106
—	RumbleOn, Inc.	64,009	$13,000	0.0%	—	—	COM	781386206
—	IsoRay, Inc.	14,218	$8,000	0.0%	—	—	COM	46489v104