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
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFLAC Inc. COM 001055102 6,639 126,885 SH   SOLE   126,885 0 0
AGCO Corp COM 001084102 354 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 1,477 39,037 SH   SOLE   39,037 0 0
AbbVie, Inc. COM 00287y109 2,170 28,660 SH   SOLE   28,660 0 0
Abbott Laboratories COM 002824100 8,173 97,680 SH   SOLE   97,680 0 0
Adobe Systems Inc COM 00724F101 264 957 SH   SOLE   957 0 0
Alaska Air Group Inc. COM 011659109 796 12,265 SH   SOLE   12,265 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 274 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 4,583 3,753 SH   SOLE   3,753 0 0
Altria Group Inc. COM 02209s103 6,437 157,389 SH   SOLE   157,389 0 0
Amazon.com, Inc. COM 023135106 210 121 SH   SOLE   121 0 0
American Express Co. COM 025816109 1,071 9,058 SH   SOLE   9,058 0 0
American International Group COM 026874784 5,784 103,837 SH   SOLE   103,837 0 0
Ameriprise Financial Inc. COM 03076c106 693 4,713 SH   SOLE   4,713 0 0
Amgen Inc. COM 031162100 1,201 6,208 SH   SOLE   6,208 0 0
Anthem, Inc. COM 036752103 11,585 48,249 SH   SOLE   48,249 0 0
Apple, Inc. COM 037833100 2,133 9,525 SH   SOLE   9,525 0 0
Automatic Data Processing COM 053015103 1,537 9,522 SH   SOLE   9,522 0 0
Bank of America Corp COM 060505104 9,956 341,326 SH   SOLE   341,326 0 0
Bank of New York Mellon Corp COM 064058100 11,043 244,259 SH   SOLE   244,259 0 0
Becton Dickinson & Co COM 075887109 5,268 20,825 SH   SOLE   20,825 0 0
Berkshire Hathaway Inc. Class COM 084670108 312 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 5,238 25,180 SH   SOLE   25,180 0 0
Biogen Inc. COM 09062x103 6,383 27,417 SH   SOLE   27,417 0 0
Boeing Company COM 097023105 5,745 15,099 SH   SOLE   15,099 0 0
Booking Holdings Inc. COM 09857L108 4,640 2,364 SH   SOLE   2,364 0 0
Bristol Myers Squibb Co. COM 110122108 308 6,069 SH   SOLE   6,069 0 0
CDK Global, Inc. COM 12508e101 202 4,192 SH   SOLE   4,192 0 0
CVS Health Corp. COM 126650100 5,532 87,707 SH   SOLE   87,707 0 0
Caterpillar Inc. COM 149123101 498 3,940 SH   SOLE   3,940 0 0
Celanese Corp COM 150870103 3,676 30,060 SH   SOLE   30,060 0 0
Central Pacific Financial Co COM 154760409 2,977 104,827 SH   SOLE   104,827 0 0
CenturyLink Inc. COM 156700106 579 46,400 SH   SOLE   46,400 0 0
Cerner Corporation COM 156782104 5,916 86,790 SH   SOLE   86,790 0 0
Chevron Corp. COM 166764100 3,426 28,886 SH   SOLE   28,886 0 0
Cigna Corp COM 125523100 3,355 22,104 SH   SOLE   22,104 0 0
Cisco Sys Inc. COM 17275R102 2,138 43,266 SH   SOLE   43,266 0 0
Citigroup Inc. COM 172967424 5,396 78,119 SH   SOLE   78,119 0 0
Coca-Cola Company COM 191216100 6,484 119,106 SH   SOLE   119,106 0 0
Cognizant Technology Solutions COM 192446102 2,290 37,998 SH   SOLE   37,998 0 0
Comcast Corp Cl A COM 20030n101 4,777 105,970 SH   SOLE   105,970 0 0
Compass Minerals Intl. COM 20451n101 207 3,665 SH   SOLE   3,665 0 0
ConAgra Foods Inc. COM 205887102 821 26,775 SH   SOLE   26,775 0 0
ConocoPhillips COM 20825c104 1,745 30,619 SH   SOLE   30,619 0 0
Corning Inc COM 219350105 4,915 172,351 SH   SOLE   172,351 0 0
Corteva, Inc. COM 22052L104 1,654 59,075 SH   SOLE   59,075 0 0
Costco Wholesale Corp COM 22160k105 2,825 9,807 SH   SOLE   9,807 0 0
Cypress Semiconductor COM 232806109 362 15,525 SH   SOLE   15,525 0 0
DR Horton, Inc COM 23331a109 899 17,050 SH   SOLE   17,050 0 0
Delta Airlines - New COM 247361702 787 13,670 SH   SOLE   13,670 0 0
Digital Realty Trust COM 253868103 247 1,900 SH   SOLE   1,900 0 0
Discovery,Inc. Series A COM 25470f104 5,580 209,522 SH   SOLE   209,522 0 0
Discovery,Inc. Series C COM 25470F302 207 8,391 SH   SOLE   8,391 0 0
Dow Inc. COM 260557103 2,820 59,182 SH   SOLE   59,182 0 0
DuPont de Nemours, Inc COM 26614n102 4,215 59,104 SH   SOLE   59,104 0 0
Dunkin Brands Group, Inc. COM 265504100 319 4,025 SH   SOLE   4,025 0 0
Entergy Corp COM 29364G103 205 1,750 SH   SOLE   1,750 0 0
Exxon Mobil Corp COM 30231G102 1,018 14,411 SH   SOLE   14,411 0 0
Facebook, Inc. COM 30303m102 2,511 14,100 SH   SOLE   14,100 0 0
Fastenal Co. COM 311900104 216 6,600 SH   SOLE   6,600 0 0
Fedex Corp COM 31428X106 2,202 15,130 SH   SOLE   15,130 0 0
Ford Motor Co.- New COM 345370860 117 12,782 SH   SOLE   12,782 0 0
Franklin Resources Inc. COM 354613101 3,911 135,503 SH   SOLE   135,503 0 0
GAMCO Investors Inc. COM 361438104 195 10,000 SH   SOLE   10,000 0 0
Gates Industrial Corporation P COM g39108108 296 29,357 SH   SOLE   29,357 0 0
General Electric Co. COM 369604103 215 24,004 SH   SOLE   24,004 0 0
General Mills COM 370334104 306 5,546 SH   SOLE   5,546 0 0
General Motors Company COM 37045v100 1,289 34,399 SH   SOLE   34,399 0 0
Gilead Sciences Inc. COM 375558103 637 10,050 SH   SOLE   10,050 0 0
H & R Block Inc. COM 093671105 1,549 65,592 SH   SOLE   65,592 0 0
HP Inc. COM 40434L105 248 13,128 SH   SOLE   13,128 0 0
Hewlett Packard Enterprise Co. COM 42824c109 221 14,600 SH   SOLE   14,600 0 0
Home Depot Inc. COM 437076102 6,375 27,476 SH   SOLE   27,476 0 0
Intel Corp. COM 458140100 1,730 33,576 SH   SOLE   33,576 0 0
Interpublic Group COM 460690100 221 10,268 SH   SOLE   10,268 0 0
IsoRay, Inc. COM 46489v104 5 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,346 12,233 SH   SOLE   12,233 0 0
Johnson & Johnson COM 478160104 12,136 93,805 SH   SOLE   93,805 0 0
Keurig Dr. Pepper Inc. COM 49271v100 415 15,173 SH   SOLE   15,173 0 0
Kroger Co. COM 501044101 10,155 393,913 SH   SOLE   393,913 0 0
Laboratory Corp. of America COM 50540r409 243 1,445 SH   SOLE   1,445 0 0
Lamb Weston Holdings COM 513272104 1,107 15,224 SH   SOLE   15,224 0 0
Lincoln Educational COM 533535100 408 196,261 SH   SOLE   196,261 0 0
Lloyds TSB Group COM 539439109 103 39,000 SH   SOLE   39,000 0 0
Lowes Companies COM 548661107 3,988 36,270 SH   SOLE   36,270 0 0
Manitex Intl COM 563420108 1,321 198,681 SH   SOLE   198,681 0 0
ManpowerGroup Inc. COM 56418h100 392 4,650 SH   SOLE   4,650 0 0
Marsh & McLennan Co. COM 571748102 3,738 37,362 SH   SOLE   37,362 0 0
Mastercard Inc. COM 57636q104 15,368 56,590 SH   SOLE   56,590 0 0
McDonalds Corp COM 580135101 2,855 13,295 SH   SOLE   13,295 0 0
Merck & Co.Inc. New COM 58933y105 10,787 128,141 SH   SOLE   128,141 0 0
Microsoft Corp. COM 594918104 18,032 129,700 SH   SOLE   129,700 0 0
Molson Coors Brewing Co COM 60871r209 6,194 107,714 SH   SOLE   107,714 0 0
Mondelez International, Inc. COM 609207105 2,150 38,860 SH   SOLE   38,860 0 0
Monster Beverage Corp. COM 61174x109 2,020 34,800 SH   SOLE   34,800 0 0
Nike Inc Class B COM 654106103 1,540 16,400 SH   SOLE   16,400 0 0
Oracle Corp COM 68389X105 6,461 117,412 SH   SOLE   117,412 0 0
Parker-Hannifin Corp. COM 701094104 247 1,370 SH   SOLE   1,370 0 0
Paychex Inc. COM 704326107 3,718 44,915 SH   SOLE   44,915 0 0
Pepsico Inc. COM 713448108 14,914 108,783 SH   SOLE   108,783 0 0
Pfizer Inc. COM 717081103 2,695 75,001 SH   SOLE   75,001 0 0
Philip Morris International COM 718172109 15,715 206,971 SH   SOLE   206,971 0 0
Phillips 66 COM 718546104 1,969 19,225 SH   SOLE   19,225 0 0
Procter & Gamble Co. COM 742718109 3,546 28,507 SH   SOLE   28,507 0 0
Pyxus International Inc. COM 74737v106 190 14,520 SH   SOLE   14,520 0 0
Qualcomm Inc COM 747525103 233 3,060 SH   SOLE   3,060 0 0
Quest Diagnostics Inc. COM 74834L100 4,072 38,045 SH   SOLE   38,045 0 0
Raytheon Company COM 755111507 2,452 12,500 SH   SOLE   12,500 0 0
RumbleOn, Inc. COM 781386206 185 64,009 SH   SOLE   64,009 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,390 93,336 SH   SOLE   93,336 0 0
Starbucks Corp COM 855244109 1,010 11,418 SH   SOLE   11,418 0 0
Tapestry Inc. COM 876030107 267 10,245 SH   SOLE   10,245 0 0
The Kraft Heinz Company COM 500754106 366 13,085 SH   SOLE   13,085 0 0
The Mosaic Company COM 61945c103 1,065 51,956 SH   SOLE   51,956 0 0
The Travelers Companies Inc. COM 89417e109 9,176 61,715 SH   SOLE   61,715 0 0
The Walt Disney Co. COM 254687106 2,148 16,486 SH   SOLE   16,486 0 0
US Bancorp Delaware New COM 902973304 810 14,635 SH   SOLE   14,635 0 0
Union Pacific Corp COM 907818108 1,727 10,659 SH   SOLE   10,659 0 0
United Parcel Service Inc. COM 911312106 2,017 16,837 SH   SOLE   16,837 0 0
UnitedHealth Group Inc. COM 91324p102 19,313 88,869 SH   SOLE   88,869 0 0
Unum Group COM 91529y106 2,183 73,447 SH   SOLE   73,447 0 0
Valero Energy Corp. COM 91913y100 5,403 63,391 SH   SOLE   63,391 0 0
Verizon Communications COM 92343V104 2,110 34,965 SH   SOLE   34,965 0 0
Viacom Inc. Class B COM 92553p201 508 21,155 SH   SOLE   21,155 0 0
Visa, Inc. COM 92826c839 7,608 44,228 SH   SOLE   44,228 0 0
WW International, Inc. COM 98262p101 585 15,467 SH   SOLE   15,467 0 0
Waddell & Reed Financial COM 930059100 248 14,458 SH   SOLE   14,458 0 0
Wal Mart Stores COM 931142103 6,419 54,087 SH   SOLE   54,087 0 0
Washington Federal COM 938824109 1,725 46,647 SH   SOLE   46,647 0 0
Waste Management Inc. Del COM 94106L109 205 1,782 SH   SOLE   1,782 0 0
Wells Fargo & Co. COM 949746101 1,504 29,814 SH   SOLE   29,814 0 0
Western Union Company COM 959802109 674 29,105 SH   SOLE   29,105 0 0
Weyerhaeuser Co. COM 962166104 373 13,472 SH   SOLE   13,472 0 0
Yum! Brands, Inc. COM 988498101 1,490 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 9,699 70,654 SH   SOLE   70,654 0 0
Aegon NV ORD FOR 007924103 48 11,550 SH   SOLE   11,550 0 0
Alkermes PLC FOR g01767105 538 27,551 SH   SOLE   27,551 0 0
Allegion PLC FOR g0176j109 377 3,637 SH   SOLE   3,637 0 0
Allergan PLC FOR g0177j108 1,420 8,440 SH   SOLE   8,440 0 0
America Movil ADR FOR 02364W105 4,791 322,419 SH   SOLE   322,419 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,435 213,520 SH   SOLE   213,520 0 0
BP p.l.c. FOR 055622104 8,235 216,779 SH   SOLE   216,779 0 0
British American Tobacco FOR 110448107 2,416 65,485 SH   SOLE   65,485 0 0
Colliers International Group FOR 194693107 537 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,660 217,868 SH   SOLE   217,868 0 0
Diageo PLC ADR FOR 25243q205 2,142 13,099 SH   SOLE   13,099 0 0
Enbridge Inc. FOR 29250n105 206 5,873 SH   SOLE   5,873 0 0
FirstService Corp Voting Share FOR 33767e103 760 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,445 57,276 SH   SOLE   57,276 0 0
Ingersoll Rand Co FOR g47791101 1,281 10,400 SH   SOLE   10,400 0 0
LyondellBasell Industries N.V. FOR n53745100 6,409 71,638 SH   SOLE   71,638 0 0
Medtronic PLC FOR g5960L103 15,739 144,903 SH   SOLE   144,903 0 0
Nokia Corp Sponsored ADR FOR 654902204 66 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,107 18,803 SH   SOLE   18,803 0 0
Sundial Growers Inc. FOR 86730L109 710 148,170 SH   SOLE   148,170 0 0
Taiwan Semiconductor Manufactu FOR 874039100 255 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 2,791 367,261 SH   SOLE   367,261 0 0
Textainer Group Holdings Limit FOR g8766e109 816 82,350 SH   SOLE   82,350 0 0
Toyota Motor Corp ADR FOR 892331307 225 1,670 SH   SOLE   1,670 0 0
Unilever NV New York Shs FOR 904784709 5,870 97,778 SH   SOLE   97,778 0 0
Yum China Holdings, Inc. FOR 98850p109 606 13,337 SH   SOLE   13,337 0 0