The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFLAC Inc. COM 001055102   8,163,845 126,532 SH   SOLE   126,532 0 0
AGCO Corp COM 001084102   561,080 4,150 SH   SOLE   4,150 0 0
AT & T, Inc. New COM 00206r102   628,984 32,674 SH   SOLE   32,674 0 0
AbbVie, Inc. COM 00287y109   5,560,579 34,891 SH   SOLE   34,891 0 0
Abbott Laboratories COM 002824100   7,328,270 72,371 SH   SOLE   72,371 0 0
Adobe Systems Inc COM 00724F101   263,593 684 SH   SOLE   684 0 0
Alaska Air Group Inc. COM 011659109   406,802 9,695 SH   SOLE   9,695 0 0
Alphabet, Inc Non-Voting Class COM 02079k107   490,880 4,720 SH   SOLE   4,720 0 0
Alphabet, Inc Voting Class COM 02079k305   9,122,016 87,940 SH   SOLE   87,940 0 0
Altria Group Inc. COM 02209s103   7,133,221 159,866 SH   SOLE   159,866 0 0
Amazon.com, Inc. COM 023135106   546,404 5,290 SH   SOLE   5,290 0 0
American Express Co. COM 025816109   1,199,681 7,273 SH   SOLE   7,273 0 0
American International Group COM 026874784   5,300,743 105,257 SH   SOLE   105,257 0 0
Ameriprise Financial Inc. COM 03076c106   1,390,897 4,538 SH   SOLE   4,538 0 0
Amgen Inc. COM 031162100   2,201,859 9,108 SH   SOLE   9,108 0 0
Apple, Inc. COM 037833100   5,044,951 30,594 SH   SOLE   30,594 0 0
Automatic Data Processing COM 053015103   1,726,496 7,755 SH   SOLE   7,755 0 0
Bank of America Corp COM 060505104   9,895,126 345,983 SH   SOLE   345,983 0 0
Bank of New York Mellon Corp COM 064058100   10,669,267 234,799 SH   SOLE   234,799 0 0
Becton Dickinson & Co COM 075887109   3,268,766 13,205 SH   SOLE   13,205 0 0
Berkshire Hathaway Inc. Class COM 084670702   7,839,670 25,390 SH   SOLE   25,390 0 0
Biogen Inc. COM 09062x103   6,198,679 22,295 SH   SOLE   22,295 0 0
Boeing Company COM 097023105   3,181,989 14,979 SH   SOLE   14,979 0 0
Booking Holdings Inc. COM 09857L108   5,750,425 2,168 SH   SOLE   2,168 0 0
Bristol Myers Squibb Co. COM 110122108   2,006,348 28,947 SH   SOLE   28,947 0 0
CSX Corp COM 126408103   226,526 7,566 SH   SOLE   7,566 0 0
CVS Health Corp. COM 126650100   8,876,758 119,456 SH   SOLE   119,456 0 0
Caterpillar Inc. COM 149123101   784,921 3,430 SH   SOLE   3,430 0 0
Celanese Corp COM 150870103   3,169,243 29,105 SH   SOLE   29,105 0 0
Central Pacific Financial Co COM 154760409   1,568,935 87,650 SH   SOLE   87,650 0 0
Chevron Corp. COM 166764100   4,098,416 25,119 SH   SOLE   25,119 0 0
Cigna Corp COM 125523100   6,546,934 25,621 SH   SOLE   25,621 0 0
Cisco Sys Inc. COM 17275R102   2,564,664 49,061 SH   SOLE   49,061 0 0
Citigroup Inc. COM 172967424   3,464,468 73,885 SH   SOLE   73,885 0 0
Coca-Cola Company COM 191216100   6,167,199 99,423 SH   SOLE   99,423 0 0
Cognizant Technology Solutions COM 192446102   2,541,878 41,718 SH   SOLE   41,718 0 0
Comcast Corp Cl A COM 20030n101   3,665,935 96,701 SH   SOLE   96,701 0 0
ConAgra Foods Inc. COM 205887102   907,825 24,170 SH   SOLE   24,170 0 0
ConocoPhillips COM 20825c104   2,899,313 29,224 SH   SOLE   29,224 0 0
Corning Inc COM 219350105   5,809,769 164,676 SH   SOLE   164,676 0 0
Corteva, Inc. COM 22052L104   3,452,265 57,242 SH   SOLE   57,242 0 0
Costco Wholesale Corp COM 22160k105   4,464,580 8,985 SH   SOLE   8,985 0 0
DR Horton, Inc COM 23331a109   1,663,661 17,030 SH   SOLE   17,030 0 0
Deere & Co COM 244199105   251,857 610 SH   SOLE   610 0 0
Delta Airlines - New COM 247361702   233,964 6,700 SH   SOLE   6,700 0 0
Dow Inc. COM 260557103   3,132,470 57,141 SH   SOLE   57,141 0 0
DuPont de Nemours, Inc COM 26614n102   3,642,399 50,751 SH   SOLE   50,751 0 0
Elevance Health Inc. COM 036752103   21,338,862 46,408 SH   SOLE   46,408 0 0
Eli Lilly & Co COM 532457108   249,323 726 SH   SOLE   726 0 0
Exxon Mobil Corp COM 30231G102   1,410,931 12,866 SH   SOLE   12,866 0 0
Fedex Corp COM 31428X106   3,184,103 13,935 SH   SOLE   13,935 0 0
Ford Motor Co.- New COM 345370860   187,513 14,882 SH   SOLE   14,882 0 0
Forrester Research Inc. COM 346563109   826,542 25,550 SH   SOLE   25,550 0 0
Franklin Resources Inc. COM 354613101   2,972,829 110,350 SH   SOLE   110,350 0 0
Gates Industrial Corporation P COM g39108108   2,032,788 146,349 SH   SOLE   146,349 0 0
General Mills COM 370334104   200,489 2,346 SH   SOLE   2,346 0 0
General Motors Company COM 37045v100   1,414,894 38,574 SH   SOLE   38,574 0 0
Genuine Parts Co COM 372460105   215,830 1,290 SH   SOLE   1,290 0 0
Gilead Sciences Inc. COM 375558103   1,065,169 12,838 SH   SOLE   12,838 0 0
Global Medical REIT, Inc. COM 37954a204   109,320 12,000 SH   SOLE   12,000 0 0
Grand Canyon Education, Inc. COM 38526m106   1,646,424 14,455 SH   SOLE   14,455 0 0
H&R Block Inc. COM 093671105   1,894,582 53,747 SH   SOLE   53,747 0 0
HP Inc. COM 40434L105   310,347 10,574 SH   SOLE   10,574 0 0
Hewlett Packard Enterprise Co. COM 42824c109   185,123 11,621 SH   SOLE   11,621 0 0
Home Depot Inc. COM 437076102   7,641,617 25,893 SH   SOLE   25,893 0 0
Illinois Tool Works Inc. COM 452308109   268,769 1,104 SH   SOLE   1,104 0 0
Ingersoll Rand Inc. COM 45687v106   352,280 6,055 SH   SOLE   6,055 0 0
Intel Corp. COM 458140100   849,289 25,996 SH   SOLE   25,996 0 0
International Flavors & Fragra COM 459506101   379,611 4,128 SH   SOLE   4,128 0 0
Interpublic Group COM 460690100   328,159 8,812 SH   SOLE   8,812 0 0
Johnson & Johnson COM 478160104   12,210,125 78,775 SH   SOLE   78,775 0 0
Keurig Dr. Pepper Inc. COM 49271v100   454,195 12,874 SH   SOLE   12,874 0 0
Kla-Tencor Corp COM 482480100   333,307 835 SH   SOLE   835 0 0
Kroger Co. COM 501044101   18,630,609 377,367 SH   SOLE   377,367 0 0
Laboratory Corp. of America COM 50540r409   223,684 975 SH   SOLE   975 0 0
Lamb Weston Holdings COM 513272104   424,456 4,061 SH   SOLE   4,061 0 0
Lincoln Educational COM 533535100   1,320,897 233,374 SH   SOLE   233,374 0 0
Lloyds TSB Group COM 539439109   26,680 11,500 SH   SOLE   11,500 0 0
Lockheed Martin Corp COM 539830109   718,550 1,520 SH   SOLE   1,520 0 0
Lowes Companies COM 548661107   8,145,378 40,733 SH   SOLE   40,733 0 0
Manitex Intl COM 563420108   915,819 175,781 SH   SOLE   175,781 0 0
ManpowerGroup Inc. COM 56418h100   337,548 4,090 SH   SOLE   4,090 0 0
Marsh & McLennan Co. COM 571748102   5,779,951 34,704 SH   SOLE   34,704 0 0
Mastercard Inc. COM 57636q104   15,328,634 42,180 SH   SOLE   42,180 0 0
McDonalds Corp COM 580135101   3,285,977 11,752 SH   SOLE   11,752 0 0
Merck & Co.Inc. New COM 58933y105   13,075,544 122,902 SH   SOLE   122,902 0 0
Meta Platforms, Inc. COM 30303m102   3,131,413 14,775 SH   SOLE   14,775 0 0
Microsoft Corp. COM 594918104   33,330,679 115,611 SH   SOLE   115,611 0 0
Molson Coors Brewing Co COM 60871r209   5,820,016 112,616 SH   SOLE   112,616 0 0
Mondelez International, Inc. COM 609207105   2,583,265 37,052 SH   SOLE   37,052 0 0
Monster Beverage Corp. COM 61174x109   3,867,116 71,600 SH   SOLE   71,600 0 0
Nike Inc Class B COM 654106103   1,827,949 14,905 SH   SOLE   14,905 0 0
Nucor Corp COM 670346105   300,753 1,947 SH   SOLE   1,947 0 0
Occidental Petroleum Corp COM 674599105   238,295 3,817 SH   SOLE   3,817 0 0
Oracle Corp COM 68389X105   1,214,371 13,069 SH   SOLE   13,069 0 0
Organon & Co. COM 68622v106   1,133,052 48,174 SH   SOLE   48,174 0 0
Paramount Global B COM 92556h206   545,033 24,430 SH   SOLE   24,430 0 0
Parker-Hannifin Corp. COM 701094104   757,928 2,255 SH   SOLE   2,255 0 0
Paychex Inc. COM 704326107   4,784,247 41,751 SH   SOLE   41,751 0 0
Pepsico Inc. COM 713448108   15,310,830 83,987 SH   SOLE   83,987 0 0
Perspective Therapeutics COM 46489v104   9,071 14,218 SH   SOLE   14,218 0 0
Pfizer Inc. COM 717081103   2,761,571 67,686 SH   SOLE   67,686 0 0
Philip Morris International COM 718172109   19,820,231 203,807 SH   SOLE   203,807 0 0
Phillips 66 COM 718546104   1,805,781 17,812 SH   SOLE   17,812 0 0
Procter & Gamble Co. COM 742718109   3,042,197 20,460 SH   SOLE   20,460 0 0
Qualcomm Inc COM 747525103   388,098 3,042 SH   SOLE   3,042 0 0
Quest Diagnostics Inc. COM 74834L100   4,027,228 28,465 SH   SOLE   28,465 0 0
Raytheon Technologies COM 75513e101   3,056,983 31,216 SH   SOLE   31,216 0 0
Sally Beauty Holdings Inc. COM 79546e104   1,219,696 78,286 SH   SOLE   78,286 0 0
Starbucks Corp COM 855244109   1,334,738 12,818 SH   SOLE   12,818 0 0
Stryker Corporation COM 863667101   215,530 755 SH   SOLE   755 0 0
Tapestry Inc. COM 876030107   342,940 7,955 SH   SOLE   7,955 0 0
The Kraft Heinz Company COM 500754106   450,389 11,647 SH   SOLE   11,647 0 0
The Mosaic Company COM 61945c103   2,912,505 63,481 SH   SOLE   63,481 0 0
The Travelers Companies Inc. COM 89417e109   8,516,505 49,685 SH   SOLE   49,685 0 0
The Walt Disney Co. COM 254687106   1,559,324 15,573 SH   SOLE   15,573 0 0
US Bancorp Delaware New COM 902973304   341,934 9,485 SH   SOLE   9,485 0 0
Union Pacific Corp COM 907818108   1,904,523 9,463 SH   SOLE   9,463 0 0
United Parcel Service Inc. COM 911312106   3,087,737 15,917 SH   SOLE   15,917 0 0
UnitedHealth Group Inc. COM 91324p102   38,681,111 81,849 SH   SOLE   81,849 0 0
Unum Group COM 91529y106   2,449,437 61,917 SH   SOLE   61,917 0 0
Valero Energy Corp. COM 91913y100   8,480,963 60,752 SH   SOLE   60,752 0 0
Value Line Inc. COM 920437100   204,871 4,239 SH   SOLE   4,239 0 0
Verizon Communications COM 92343V104   1,344,077 34,561 SH   SOLE   34,561 0 0
Visa, Inc. COM 92826c839   9,579,119 42,487 SH   SOLE   42,487 0 0
WW International, Inc. COM 98262p101   48,109 11,677 SH   SOLE   11,677 0 0
Wal Mart Stores COM 931142103   7,564,922 51,305 SH   SOLE   51,305 0 0
Warner Bros. Discovery, Inc. COM 934423104   2,829,362 187,375 SH   SOLE   187,375 0 0
Washington Federal COM 938824109   1,288,744 42,787 SH   SOLE   42,787 0 0
Waste Management Inc. Del COM 94106L109   270,373 1,657 SH   SOLE   1,657 0 0
Wells Fargo & Co. COM 949746101   1,490,228 39,867 SH   SOLE   39,867 0 0
Western Union Company COM 959802109   284,292 25,497 SH   SOLE   25,497 0 0
Weyerhaeuser Co. COM 962166104   381,506 12,662 SH   SOLE   12,662 0 0
Yum! Brands, Inc. COM 988498101   1,542,694 11,680 SH   SOLE   11,680 0 0
Zimmer Biomet Holdings COM 98956p102   7,992,183 61,859 SH   SOLE   61,859 0 0
AON Plc FOR g0403h108   897,631 2,847 SH   SOLE   2,847 0 0
Alibaba Group Holding Limited FOR 01609w102   1,321,698 12,935 SH   SOLE   12,935 0 0
Alkermes PLC FOR g01767105   380,311 13,491 SH   SOLE   13,491 0 0
Allegion PLC FOR g0176j109   384,762 3,605 SH   SOLE   3,605 0 0
America Movil ADR FOR 02390a101   2,093,759 99,466 SH   SOLE   99,466 0 0
Arcos Dorados Hldgs. FOR g0457f107   2,521,902 327,095 SH   SOLE   327,095 0 0
BP p.l.c. FOR 055622104   7,653,598 201,729 SH   SOLE   201,729 0 0
British American Tobacco FOR 110448107   5,105,043 145,360 SH   SOLE   145,360 0 0
CAE Inc. FOR 124765108   700,059 30,935 SH   SOLE   30,935 0 0
Colliers International Group FOR 194693107   755,738 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108   11,523 12,950 SH   SOLE   12,950 0 0
Diageo PLC ADR FOR 25243q205   2,153,143 11,884 SH   SOLE   11,884 0 0
FirstService Corp Voting Share FOR 33767e103   969,024 6,873 SH   SOLE   6,873 0 0
Glaxo SmithKline ADS FOR 37733W204   1,237,152 34,771 SH   SOLE   34,771 0 0
Haleon PLC FOR 405552100   357,802 43,956 SH   SOLE   43,956 0 0
LyondellBasell Industries N.V. FOR n53745100   6,348,185 67,613 SH   SOLE   67,613 0 0
Medtronic PLC FOR g5960L103   11,857,751 147,082 SH   SOLE   147,082 0 0
Nokia Corp Sponsored ADR FOR 654902204   63,570 12,947 SH   SOLE   12,947 0 0
Shell PLC FOR 780259305   1,003,843 17,446 SH   SOLE   17,446 0 0
Taiwan Semiconductor Manufactu FOR 874039100   510,401 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208   714,173 166,863 SH   SOLE   166,863 0 0
Textainer Group Holdings Limit FOR g8766e109   2,418,108 75,307 SH   SOLE   75,307 0 0
Toyota Motor Corp ADR FOR 892331307   225,287 1,590 SH   SOLE   1,590 0 0
Trane Technologies PLC FOR g8994e103   1,226,227 6,665 SH   SOLE   6,665 0 0
Unilever PCL ADR FOR 904767704   5,478,771 105,503 SH   SOLE   105,503 0 0
Yum China Holdings, Inc. FOR 98850p109   673,202 10,620 SH   SOLE   10,620 0 0