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 4,329 126,435 SH   SOLE   126,435 0 0
AGCO Corp COM 001084102 220 4,650 SH   SOLE   4,650 0 0
AT & T, Inc. New COM 00206r102 1,137 38,988 SH   SOLE   38,988 0 0
AbbVie, Inc. COM 00287y109 2,163 28,390 SH   SOLE   28,390 0 0
Abbott Laboratories COM 002824100 7,378 93,497 SH   SOLE   93,497 0 0
Adobe Systems Inc COM 00724F101 288 906 SH   SOLE   906 0 0
Alaska Air Group Inc. COM 011659109 341 11,965 SH   SOLE   11,965 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 262 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 4,493 3,867 SH   SOLE   3,867 0 0
Altria Group Inc. COM 02209s103 6,041 156,214 SH   SOLE   156,214 0 0
Amazon.com, Inc. COM 023135106 275 141 SH   SOLE   141 0 0
American Express Co. COM 025816109 763 8,913 SH   SOLE   8,913 0 0
American International Group COM 026874784 2,512 103,607 SH   SOLE   103,607 0 0
Ameriprise Financial Inc. COM 03076c106 480 4,688 SH   SOLE   4,688 0 0
Amgen Inc. COM 031162100 1,046 5,158 SH   SOLE   5,158 0 0
Anthem, Inc. COM 036752103 10,910 48,054 SH   SOLE   48,054 0 0
Apple, Inc. COM 037833100 2,462 9,680 SH   SOLE   9,680 0 0
Automatic Data Processing COM 053015103 1,301 9,522 SH   SOLE   9,522 0 0
Bank of America Corp COM 060505104 7,227 340,432 SH   SOLE   340,432 0 0
Bank of New York Mellon Corp COM 064058100 8,171 242,609 SH   SOLE   242,609 0 0
Becton Dickinson & Co COM 075887109 4,317 18,790 SH   SOLE   18,790 0 0
Berkshire Hathaway Inc. Class COM 084670108 272 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 4,555 24,915 SH   SOLE   24,915 0 0
Biogen Inc. COM 09062x103 8,309 26,262 SH   SOLE   26,262 0 0
Boeing Company COM 097023105 2,271 15,224 SH   SOLE   15,224 0 0
Booking Holdings Inc. COM 09857L108 2,987 2,220 SH   SOLE   2,220 0 0
Bristol Myers Squibb Co. COM 110122108 392 7,025 SH   SOLE   7,025 0 0
CVS Health Corp. COM 126650100 5,242 88,352 SH   SOLE   88,352 0 0
Caterpillar Inc. COM 149123101 448 3,865 SH   SOLE   3,865 0 0
Celanese Corp COM 150870103 2,200 29,975 SH   SOLE   29,975 0 0
Central Pacific Financial Co COM 154760409 1,571 98,797 SH   SOLE   98,797 0 0
CenturyLink Inc. COM 156700106 396 41,900 SH   SOLE   41,900 0 0
Cerner Corporation COM 156782104 5,333 84,665 SH   SOLE   84,665 0 0
Chevron Corp. COM 166764100 1,985 27,399 SH   SOLE   27,399 0 0
Cigna Corp COM 125523100 3,940 22,240 SH   SOLE   22,240 0 0
Cisco Sys Inc. COM 17275R102 2,142 54,491 SH   SOLE   54,491 0 0
Citigroup Inc. COM 172967424 3,249 77,133 SH   SOLE   77,133 0 0
Coca-Cola Company COM 191216100 5,374 121,453 SH   SOLE   121,453 0 0
Cognizant Technology Solutions COM 192446102 2,235 48,103 SH   SOLE   48,103 0 0
Comcast Corp Cl A COM 20030n101 3,466 100,827 SH   SOLE   100,827 0 0
ConAgra Foods Inc. COM 205887102 781 26,625 SH   SOLE   26,625 0 0
ConocoPhillips COM 20825c104 934 30,319 SH   SOLE   30,319 0 0
Corning Inc COM 219350105 3,525 171,601 SH   SOLE   171,601 0 0
Corteva, Inc. COM 22052L104 1,378 58,625 SH   SOLE   58,625 0 0
Costco Wholesale Corp COM 22160k105 2,784 9,763 SH   SOLE   9,763 0 0
DR Horton, Inc COM 23331a109 580 17,050 SH   SOLE   17,050 0 0
Delta Airlines - New COM 247361702 378 13,250 SH   SOLE   13,250 0 0
Digital Realty Trust COM 253868103 264 1,900 SH   SOLE   1,900 0 0
Discovery,Inc. Series A COM 25470f104 3,848 197,947 SH   SOLE   197,947 0 0
Dow Inc. COM 260557103 1,711 58,521 SH   SOLE   58,521 0 0
DuPont de Nemours, Inc COM 26614n102 1,976 57,950 SH   SOLE   57,950 0 0
Dunkin Brands Group, Inc. COM 265504100 277 5,225 SH   SOLE   5,225 0 0
Exxon Mobil Corp COM 30231G102 527 13,873 SH   SOLE   13,873 0 0
Facebook, Inc. COM 30303m102 2,351 14,095 SH   SOLE   14,095 0 0
Fastenal Co. COM 311900104 202 6,475 SH   SOLE   6,475 0 0
Fedex Corp COM 31428X106 1,840 15,173 SH   SOLE   15,173 0 0
Ford Motor Co.- New COM 345370860 61 12,632 SH   SOLE   12,632 0 0
Franklin Resources Inc. COM 354613101 2,248 134,718 SH   SOLE   134,718 0 0
Gates Industrial Corporation P COM g39108108 217 29,357 SH   SOLE   29,357 0 0
General Electric Co. COM 369604103 187 23,546 SH   SOLE   23,546 0 0
General Mills COM 370334104 278 5,271 SH   SOLE   5,271 0 0
General Motors Company COM 37045v100 817 39,299 SH   SOLE   39,299 0 0
Gilead Sciences Inc. COM 375558103 882 11,800 SH   SOLE   11,800 0 0
H & R Block Inc. COM 093671105 915 65,017 SH   SOLE   65,017 0 0
HP Inc. COM 40434L105 226 13,028 SH   SOLE   13,028 0 0
Hewlett Packard Enterprise Co. COM 42824c109 140 14,400 SH   SOLE   14,400 0 0
Home Depot Inc. COM 437076102 5,145 27,556 SH   SOLE   27,556 0 0
Ingersoll Rand Inc. COM 45687v106 227 9,163 SH   SOLE   9,163 0 0
Intel Corp. COM 458140100 1,785 32,986 SH   SOLE   32,986 0 0
Interpublic Group COM 460690100 162 10,028 SH   SOLE   10,028 0 0
IsoRay, Inc. COM 46489v104 8 14,218 SH   SOLE   14,218 0 0
Johnson & Johnson COM 478160104 12,208 93,100 SH   SOLE   93,100 0 0
Keurig Dr. Pepper Inc. COM 49271v100 364 15,008 SH   SOLE   15,008 0 0
Kroger Co. COM 501044101 11,401 378,511 SH   SOLE   378,511 0 0
Lamb Weston Holdings COM 513272104 543 9,509 SH   SOLE   9,509 0 0
Lincoln Educational COM 533535100 449 204,261 SH   SOLE   204,261 0 0
Lloyds TSB Group COM 539439109 59 39,000 SH   SOLE   39,000 0 0
Lowes Companies COM 548661107 3,071 35,685 SH   SOLE   35,685 0 0
Manitex Intl COM 563420108 786 190,406 SH   SOLE   190,406 0 0
ManpowerGroup Inc. COM 56418h100 233 4,400 SH   SOLE   4,400 0 0
Marsh & McLennan Co. COM 571748102 3,207 37,092 SH   SOLE   37,092 0 0
Mastercard Inc. COM 57636q104 12,945 53,590 SH   SOLE   53,590 0 0
McDonalds Corp COM 580135101 2,004 12,120 SH   SOLE   12,120 0 0
Merck & Co.Inc. New COM 58933y105 9,813 127,536 SH   SOLE   127,536 0 0
Microsoft Corp. COM 594918104 20,200 128,080 SH   SOLE   128,080 0 0
Molson Coors Brewing Co COM 60871r209 4,168 106,851 SH   SOLE   106,851 0 0
Mondelez International, Inc. COM 609207105 1,940 38,733 SH   SOLE   38,733 0 0
Monster Beverage Corp. COM 61174x109 2,014 35,800 SH   SOLE   35,800 0 0
Nike Inc Class B COM 654106103 1,369 16,550 SH   SOLE   16,550 0 0
Oracle Corp COM 68389X105 732 15,153 SH   SOLE   15,153 0 0
Paychex Inc. COM 704326107 2,800 44,495 SH   SOLE   44,495 0 0
Pepsico Inc. COM 713448108 12,995 108,198 SH   SOLE   108,198 0 0
Pfizer Inc. COM 717081103 2,391 73,268 SH   SOLE   73,268 0 0
Philip Morris International COM 718172109 15,083 206,736 SH   SOLE   206,736 0 0
Phillips 66 COM 718546104 1,017 18,957 SH   SOLE   18,957 0 0
Procter & Gamble Co. COM 742718109 3,099 28,177 SH   SOLE   28,177 0 0
Pyxus International Inc. COM 74737v106 42 13,585 SH   SOLE   13,585 0 0
Qualcomm Inc COM 747525103 207 3,060 SH   SOLE   3,060 0 0
Quest Diagnostics Inc. COM 74834L100 2,975 37,045 SH   SOLE   37,045 0 0
Raytheon Company COM 755111507 1,639 12,500 SH   SOLE   12,500 0 0
RumbleOn, Inc. COM 781386206 13 64,009 SH   SOLE   64,009 0 0
Sally Beauty Holdings Inc. COM 79546e104 700 86,586 SH   SOLE   86,586 0 0
Starbucks Corp COM 855244109 913 13,893 SH   SOLE   13,893 0 0
Tapestry Inc. COM 876030107 131 10,145 SH   SOLE   10,145 0 0
The Kraft Heinz Company COM 500754106 315 12,719 SH   SOLE   12,719 0 0
The Mosaic Company COM 61945c103 723 66,856 SH   SOLE   66,856 0 0
The Travelers Companies Inc. COM 89417e109 6,075 61,149 SH   SOLE   61,149 0 0
The Walt Disney Co. COM 254687106 1,623 16,805 SH   SOLE   16,805 0 0
US Bancorp Delaware New COM 902973304 332 9,635 SH   SOLE   9,635 0 0
Union Pacific Corp COM 907818108 1,490 10,565 SH   SOLE   10,565 0 0
United Parcel Service Inc. COM 911312106 1,565 16,749 SH   SOLE   16,749 0 0
UnitedHealth Group Inc. COM 91324p102 21,978 88,129 SH   SOLE   88,129 0 0
Unum Group COM 91529y106 1,086 72,337 SH   SOLE   72,337 0 0
Valero Energy Corp. COM 91913y100 2,833 62,459 SH   SOLE   62,459 0 0
Verizon Communications COM 92343V104 2,005 37,315 SH   SOLE   37,315 0 0
ViacomCBS Inc. B COM 92556h206 176 12,543 SH   SOLE   12,543 0 0
Visa, Inc. COM 92826c839 6,965 43,228 SH   SOLE   43,228 0 0
WW International, Inc. COM 98262p101 250 14,787 SH   SOLE   14,787 0 0
Wal Mart Stores COM 931142103 6,052 53,262 SH   SOLE   53,262 0 0
Washington Federal COM 938824109 1,207 46,512 SH   SOLE   46,512 0 0
Wells Fargo & Co. COM 949746101 986 34,341 SH   SOLE   34,341 0 0
Western Union Company COM 959802109 524 28,905 SH   SOLE   28,905 0 0
Weyerhaeuser Co. COM 962166104 237 13,972 SH   SOLE   13,972 0 0
Yum! Brands, Inc. COM 988498101 900 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 7,080 70,039 SH   SOLE   70,039 0 0
58.com Inc. FOR 31680q104 458 9,400 SH   SOLE   9,400 0 0
Alkermes PLC FOR g01767105 395 27,391 SH   SOLE   27,391 0 0
Allegion PLC FOR g0176j109 335 3,637 SH   SOLE   3,637 0 0
Allergan PLC FOR g0177j108 1,481 8,365 SH   SOLE   8,365 0 0
America Movil ADR FOR 02364W105 2,341 198,744 SH   SOLE   198,744 0 0
Arcos Dorados Hldgs. FOR g0457f107 709 212,145 SH   SOLE   212,145 0 0
BP p.l.c. FOR 055622104 5,265 215,849 SH   SOLE   215,849 0 0
British American Tobacco FOR 110448107 2,236 65,385 SH   SOLE   65,385 0 0
Colliers International Group FOR 194693107 344 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 1,736 214,543 SH   SOLE   214,543 0 0
Diageo PLC ADR FOR 25243q205 1,596 12,554 SH   SOLE   12,554 0 0
FirstService Corp Voting Share FOR 33767e103 571 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,135 56,351 SH   SOLE   56,351 0 0
LyondellBasell Industries N.V. FOR n53745100 3,535 71,218 SH   SOLE   71,218 0 0
Medtronic PLC FOR g5960L103 13,013 144,305 SH   SOLE   144,305 0 0
Nokia Corp Sponsored ADR FOR 654902204 53 17,037 SH   SOLE   17,037 0 0
Royal Dutch Shell PLC A FOR 780259206 646 18,503 SH   SOLE   18,503 0 0
Sundial Growers Inc. FOR 86730L109 82 128,000 SH   SOLE   128,000 0 0
Taiwan Semiconductor Manufactu FOR 874039100 262 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 1,406 307,638 SH   SOLE   307,638 0 0
Textainer Group Holdings Limit FOR g8766e109 660 80,350 SH   SOLE   80,350 0 0
Toyota Motor Corp ADR FOR 892331307 200 1,670 SH   SOLE   1,670 0 0
Trane Technologies PLC FOR g8994e103 859 10,400 SH   SOLE   10,400 0 0
Unilever NV New York Shs FOR 904784709 4,583 93,943 SH   SOLE   93,943 0 0
Yum China Holdings, Inc. FOR 98850p109 580 13,602 SH   SOLE   13,602 0 0