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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AFLAC Inc. COM 001055102 5,778 129,935 SH   SOLE   129,935 0 0
AGCO Corp COM 001084102 428 4,150 SH   SOLE   4,150 0 0
AT & T, Inc. New COM 00206r102 1,074 37,331 SH   SOLE   37,331 0 0
AbbVie, Inc. COM 00287y109 3,984 37,182 SH   SOLE   37,182 0 0
Abbott Laboratories COM 002824100 9,393 85,793 SH   SOLE   85,793 0 0
Adobe Systems Inc COM 00724F101 403 806 SH   SOLE   806 0 0
Alaska Air Group Inc. COM 011659109 528 10,145 SH   SOLE   10,145 0 0
Align Technology, Inc. COM 016255101 214 400 SH   SOLE   400 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 394 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 7,545 4,305 SH   SOLE   4,305 0 0
Altria Group Inc. COM 02209s103 6,541 159,534 SH   SOLE   159,534 0 0
Amazon.com, Inc. COM 023135106 541 166 SH   SOLE   166 0 0
American Express Co. COM 025816109 1,035 8,558 SH   SOLE   8,558 0 0
American International Group COM 026874784 3,936 103,967 SH   SOLE   103,967 0 0
Ameriprise Financial Inc. COM 03076c106 901 4,638 SH   SOLE   4,638 0 0
Amgen Inc. COM 031162100 1,179 5,128 SH   SOLE   5,128 0 0
Anthem, Inc. COM 036752103 15,595 48,569 SH   SOLE   48,569 0 0
Apple, Inc. COM 037833100 5,134 38,695 SH   SOLE   38,695 0 0
Automatic Data Processing COM 053015103 1,443 8,187 SH   SOLE   8,187 0 0
Bank of America Corp COM 060505104 10,317 340,373 SH   SOLE   340,373 0 0
Bank of New York Mellon Corp COM 064058100 10,171 239,654 SH   SOLE   239,654 0 0
Becton Dickinson & Co COM 075887109 4,702 18,790 SH   SOLE   18,790 0 0
Berkshire Hathaway Inc. Class COM 084670702 6,051 26,098 SH   SOLE   26,098 0 0
Biogen Inc. COM 09062x103 5,971 24,387 SH   SOLE   24,387 0 0
Boeing Company COM 097023105 3,251 15,186 SH   SOLE   15,186 0 0
Booking Holdings Inc. COM 09857L108 4,904 2,202 SH   SOLE   2,202 0 0
Bristol Myers Squibb Co. COM 110122108 1,986 32,009 SH   SOLE   32,009 0 0
CSX Corp COM 126408103 247 2,722 SH   SOLE   2,722 0 0
CVS Health Corp. COM 126650100 7,065 103,448 SH   SOLE   103,448 0 0
Caterpillar Inc. COM 149123101 644 3,540 SH   SOLE   3,540 0 0
Celanese Corp COM 150870103 3,868 29,765 SH   SOLE   29,765 0 0
Central Pacific Financial Co COM 154760409 1,931 101,597 SH   SOLE   101,597 0 0
Cerner Corporation COM 156782104 6,342 80,815 SH   SOLE   80,815 0 0
Chevron Corp. COM 166764100 2,339 27,699 SH   SOLE   27,699 0 0
Cigna Corp COM 125523100 4,936 23,712 SH   SOLE   23,712 0 0
Cisco Sys Inc. COM 17275R102 2,412 53,896 SH   SOLE   53,896 0 0
Citigroup Inc. COM 172967424 4,755 77,116 SH   SOLE   77,116 0 0
Coca-Cola Company COM 191216100 6,637 121,031 SH   SOLE   121,031 0 0
Cognizant Technology Solutions COM 192446102 3,601 43,943 SH   SOLE   43,943 0 0
Comcast Corp Cl A COM 20030n101 5,228 99,767 SH   SOLE   99,767 0 0
Compass Minerals Intl. COM 20451n101 223 3,620 SH   SOLE   3,620 0 0
ConAgra Foods Inc. COM 205887102 960 26,475 SH   SOLE   26,475 0 0
ConocoPhillips COM 20825c104 1,193 29,844 SH   SOLE   29,844 0 0
Corning Inc COM 219350105 6,050 168,051 SH   SOLE   168,051 0 0
Corteva, Inc. COM 22052L104 2,261 58,387 SH   SOLE   58,387 0 0
Costco Wholesale Corp COM 22160k105 3,623 9,617 SH   SOLE   9,617 0 0
DR Horton, Inc COM 23331a109 1,165 16,900 SH   SOLE   16,900 0 0
Delta Airlines - New COM 247361702 342 8,500 SH   SOLE   8,500 0 0
Digital Realty Trust COM 253868103 271 1,943 SH   SOLE   1,943 0 0
Discovery,Inc. Series A COM 25470f104 5,827 193,650 SH   SOLE   193,650 0 0
Discovery,Inc. Series C COM 25470F302 215 8,211 SH   SOLE   8,211 0 0
Dow Inc. COM 260557103 3,244 58,443 SH   SOLE   58,443 0 0
DuPont de Nemours, Inc COM 26614n102 4,099 57,643 SH   SOLE   57,643 0 0
Exxon Mobil Corp COM 30231G102 566 13,735 SH   SOLE   13,735 0 0
Facebook, Inc. COM 30303m102 3,787 13,865 SH   SOLE   13,865 0 0
Fedex Corp COM 31428X106 3,740 14,405 SH   SOLE   14,405 0 0
Ford Motor Co.- New COM 345370860 105 11,932 SH   SOLE   11,932 0 0
Forrester Research Inc. COM 346563109 798 19,050 SH   SOLE   19,050 0 0
Franklin Resources Inc. COM 354613101 3,303 132,168 SH   SOLE   132,168 0 0
Gates Industrial Corporation P COM g39108108 484 37,957 SH   SOLE   37,957 0 0
General Electric Co. COM 369604103 242 22,433 SH   SOLE   22,433 0 0
General Mills COM 370334104 283 4,821 SH   SOLE   4,821 0 0
General Motors Company COM 37045v100 1,616 38,799 SH   SOLE   38,799 0 0
Gilead Sciences Inc. COM 375558103 821 14,098 SH   SOLE   14,098 0 0
H & R Block Inc. COM 093671105 998 62,917 SH   SOLE   62,917 0 0
HP Inc. COM 40434L105 295 11,984 SH   SOLE   11,984 0 0
Hewlett Packard Enterprise Co. COM 42824c109 148 12,481 SH   SOLE   12,481 0 0
Home Depot Inc. COM 437076102 7,040 26,503 SH   SOLE   26,503 0 0
Illinois Tool Works Inc. COM 452308109 229 1,121 SH   SOLE   1,121 0 0
Ingersoll Rand Inc. COM 45687v106 417 9,163 SH   SOLE   9,163 0 0
Intel Corp. COM 458140100 1,345 27,001 SH   SOLE   27,001 0 0
Interpublic Group COM 460690100 213 9,067 SH   SOLE   9,067 0 0
IsoRay, Inc. COM 46489v104 6 14,218 SH   SOLE   14,218 0 0
Johnson & Johnson COM 478160104 14,156 89,948 SH   SOLE   89,948 0 0
Keurig Dr. Pepper Inc. COM 49271v100 424 13,249 SH   SOLE   13,249 0 0
Kroger Co. COM 501044101 12,014 378,261 SH   SOLE   378,261 0 0
Laboratory Corp. of America COM 50540r409 280 1,375 SH   SOLE   1,375 0 0
Lamb Weston Holdings COM 513272104 747 9,484 SH   SOLE   9,484 0 0
Lincoln Educational COM 533535100 1,388 213,567 SH   SOLE   213,567 0 0
Lloyds TSB Group COM 539439109 32 16,500 SH   SOLE   16,500 0 0
Lowes Companies COM 548661107 5,552 34,590 SH   SOLE   34,590 0 0
Lumen Technologies, Inc. COM 550241103 390 39,950 SH   SOLE   39,950 0 0
Manitex Intl COM 563420108 973 188,506 SH   SOLE   188,506 0 0
ManpowerGroup Inc. COM 56418h100 390 4,325 SH   SOLE   4,325 0 0
Marsh & McLennan Co. COM 571748102 4,287 36,637 SH   SOLE   36,637 0 0
Mastercard Inc. COM 57636q104 18,741 52,505 SH   SOLE   52,505 0 0
McDonalds Corp COM 580135101 2,591 12,073 SH   SOLE   12,073 0 0
Merck & Co.Inc. New COM 58933y105 10,399 127,131 SH   SOLE   127,131 0 0
Microsoft Corp. COM 594918104 27,835 125,144 SH   SOLE   125,144 0 0
Molson Coors Brewing Co COM 60871r209 5,099 112,826 SH   SOLE   112,826 0 0
Mondelez International, Inc. COM 609207105 2,193 37,511 SH   SOLE   37,511 0 0
Monster Beverage Corp. COM 61174x109 3,311 35,800 SH   SOLE   35,800 0 0
Nike Inc Class B COM 654106103 2,268 16,030 SH   SOLE   16,030 0 0
Oracle Corp COM 68389X105 819 12,653 SH   SOLE   12,653 0 0
Parker-Hannifin Corp. COM 701094104 271 995 SH   SOLE   995 0 0
PayPal Holdings, Inc. COM 70450y103 367 1,567 SH   SOLE   1,567 0 0
Paychex Inc. COM 704326107 4,072 43,700 SH   SOLE   43,700 0 0
Pepsico Inc. COM 713448108 15,645 105,493 SH   SOLE   105,493 0 0
Pfizer Inc. COM 717081103 3,130 85,026 SH   SOLE   85,026 0 0
Philip Morris International COM 718172109 17,331 209,331 SH   SOLE   209,331 0 0
Phillips 66 COM 718546104 1,326 18,962 SH   SOLE   18,962 0 0
Procter & Gamble Co. COM 742718109 3,902 28,045 SH   SOLE   28,045 0 0
Qualcomm Inc COM 747525103 466 3,060 SH   SOLE   3,060 0 0
Quest Diagnostics Inc. COM 74834L100 4,405 36,965 SH   SOLE   36,965 0 0
Raytheon Technologies COM 75513e101 2,182 30,516 SH   SOLE   30,516 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,117 85,686 SH   SOLE   85,686 0 0
Starbucks Corp COM 855244109 1,482 13,852 SH   SOLE   13,852 0 0
Tapestry Inc. COM 876030107 295 9,505 SH   SOLE   9,505 0 0
The Kraft Heinz Company COM 500754106 428 12,349 SH   SOLE   12,349 0 0
The Mosaic Company COM 61945c103 1,521 66,106 SH   SOLE   66,106 0 0
The Travelers Companies Inc. COM 89417e109 8,555 60,948 SH   SOLE   60,948 0 0
The Walt Disney Co. COM 254687106 3,001 16,562 SH   SOLE   16,562 0 0
US Bancorp Delaware New COM 902973304 444 9,535 SH   SOLE   9,535 0 0
Union Pacific Corp COM 907818108 2,182 10,477 SH   SOLE   10,477 0 0
United Parcel Service Inc. COM 911312106 2,790 16,569 SH   SOLE   16,569 0 0
UnitedHealth Group Inc. COM 91324p102 30,837 87,934 SH   SOLE   87,934 0 0
Unum Group COM 91529y106 1,630 71,072 SH   SOLE   71,072 0 0
Valero Energy Corp. COM 91913y100 3,505 61,957 SH   SOLE   61,957 0 0
Verizon Communications COM 92343V104 2,200 37,446 SH   SOLE   37,446 0 0
ViacomCBS Inc. B COM 92556h206 456 12,236 SH   SOLE   12,236 0 0
Viatris Inc. COM 92556v106 196 10,453 SH   SOLE   10,453 0 0
Visa, Inc. COM 92826c839 9,429 43,107 SH   SOLE   43,107 0 0
WW International, Inc. COM 98262p101 354 14,497 SH   SOLE   14,497 0 0
Waddell & Reed Financial COM 930059100 203 7,958 SH   SOLE   7,958 0 0
Wal Mart Stores COM 931142103 7,717 53,537 SH   SOLE   53,537 0 0
Washington Federal COM 938824109 1,189 46,212 SH   SOLE   46,212 0 0
Waste Management Inc. Del COM 94106L109 210 1,782 SH   SOLE   1,782 0 0
Wells Fargo & Co. COM 949746101 1,122 37,189 SH   SOLE   37,189 0 0
Western Union Company COM 959802109 604 27,531 SH   SOLE   27,531 0 0
Weyerhaeuser Co. COM 962166104 445 13,272 SH   SOLE   13,272 0 0
Yum! Brands, Inc. COM 988498101 1,426 13,137 SH   SOLE   13,137 0 0
Zimmer Biomet Holdings COM 98956p102 10,580 68,664 SH   SOLE   68,664 0 0
AON Plc FOR g0403h108 640 3,027 SH   SOLE   3,027 0 0
Alibaba Group Holding Limited FOR 01609w102 333 1,431 SH   SOLE   1,431 0 0
Alkermes PLC FOR g01767105 546 27,366 SH   SOLE   27,366 0 0
Allegion PLC FOR g0176j109 423 3,637 SH   SOLE   3,637 0 0
America Movil ADR FOR 02364W105 2,809 193,194 SH   SOLE   193,194 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,945 386,664 SH   SOLE   386,664 0 0
BP p.l.c. FOR 055622104 4,192 204,279 SH   SOLE   204,279 0 0
British American Tobacco FOR 110448107 3,173 84,635 SH   SOLE   84,635 0 0
CAE Inc. FOR 124765108 836 30,135 SH   SOLE   30,135 0 0
Colliers International Group FOR 194693107 638 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,728 213,123 SH   SOLE   213,123 0 0
Diageo PLC ADR FOR 25243q205 1,982 12,479 SH   SOLE   12,479 0 0
FirstService Corp Voting Share FOR 33767e103 1,013 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,065 56,106 SH   SOLE   56,106 0 0
LyondellBasell Industries N.V. FOR n53745100 6,500 70,918 SH   SOLE   70,918 0 0
Medtronic PLC FOR g5960L103 16,854 143,882 SH   SOLE   143,882 0 0
Nokia Corp Sponsored ADR FOR 654902204 67 17,037 SH   SOLE   17,037 0 0
Royal Dutch Shell PLC A FOR 780259206 650 18,503 SH   SOLE   18,503 0 0
Taiwan Semiconductor Manufactu FOR 874039100 598 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 1,073 265,527 SH   SOLE   265,527 0 0
Textainer Group Holdings Limit FOR g8766e109 1,533 79,950 SH   SOLE   79,950 0 0
Toyota Motor Corp ADR FOR 892331307 258 1,670 SH   SOLE   1,670 0 0
Trane Technologies PLC FOR g8994e103 1,496 10,305 SH   SOLE   10,305 0 0
Unilever PCL ADR FOR 904784709 5,586 92,548 SH   SOLE   92,548 0 0
Yum China Holdings, Inc. FOR 98850p109 691 12,102 SH   SOLE   12,102 0 0