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
AETNA Inc. COM 00817y108 1,463 7,213 SH   SOLE   7,213 0 0
AFLAC Inc. COM 001055102 6,181 131,310 SH   SOLE   131,310 0 0
AGCO Corp COM 001084102 284 4,680 SH   SOLE   4,680 0 0
AT & T, Inc. New COM 00206r102 1,177 35,062 SH   SOLE   35,062 0 0
AbbVie, Inc. COM 00287y109 2,532 26,775 SH   SOLE   26,775 0 0
Abbott Laboratories COM 002824100 7,450 101,557 SH   SOLE   101,557 0 0
Adobe Systems Inc COM 00724F101 258 957 SH   SOLE   957 0 0
Alaska Air Group Inc. COM 011659109 882 12,815 SH   SOLE   12,815 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 269 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 3,178 2,633 SH   SOLE   2,633 0 0
Altria Group Inc. COM 02209s103 9,044 149,954 SH   SOLE   149,954 0 0
Amazon.com,Inc. COM 023135106 242 121 SH   SOLE   121 0 0
American Express Co. COM 025816109 974 9,143 SH   SOLE   9,143 0 0
American International Group COM 026874784 5,679 106,674 SH   SOLE   106,674 0 0
Ameriprise Financial Inc. COM 03076c106 416 2,818 SH   SOLE   2,818 0 0
Amgen Inc. COM 031162100 1,270 6,128 SH   SOLE   6,128 0 0
Andersons Inc. COM 034164103 219 5,815 SH   SOLE   5,815 0 0
Anthem, Inc. COM 036752103 13,554 49,459 SH   SOLE   49,459 0 0
Apache Corp COM 037411105 334 7,015 SH   SOLE   7,015 0 0
Apple, Inc. COM 037833100 1,744 7,725 SH   SOLE   7,725 0 0
Automatic Data Processing COM 053015103 1,495 9,922 SH   SOLE   9,922 0 0
Bank of America Corp COM 060505104 9,941 337,444 SH   SOLE   337,444 0 0
Bank of New York Mellon Corp COM 064058100 13,725 269,179 SH   SOLE   269,179 0 0
Becton Dickinson & Co COM 075887109 5,501 21,075 SH   SOLE   21,075 0 0
Berkshire Hathaway Inc. Class COM 084670108 320 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc. Class COM 084670702 5,257 24,555 SH   SOLE   24,555 0 0
Biogen Inc. COM 09062x103 9,948 28,157 SH   SOLE   28,157 0 0
Boeing Company COM 097023105 4,658 12,524 SH   SOLE   12,524 0 0
Bristol Myers Squibb Co. COM 110122108 451 7,269 SH   SOLE   7,269 0 0
CDK Global, Inc. COM 12508e101 264 4,224 SH   SOLE   4,224 0 0
CVS Health Corp. COM 126650100 5,457 69,324 SH   SOLE   69,324 0 0
Caterpillar Inc. COM 149123101 610 4,002 SH   SOLE   4,002 0 0
Celanese Corp COM 150870103 3,435 30,135 SH   SOLE   30,135 0 0
Central Pacific Financial Co COM 154760409 2,692 101,847 SH   SOLE   101,847 0 0
CenturyLink Inc. COM 156700106 1,113 52,500 SH   SOLE   52,500 0 0
Cerner Corporation COM 156782104 5,902 91,630 SH   SOLE   91,630 0 0
Chevron Corp. COM 166764100 3,119 25,509 SH   SOLE   25,509 0 0
Cisco Sys Inc. COM 17275R102 2,054 42,216 SH   SOLE   42,216 0 0
Citigroup Inc. COM 172967424 5,667 78,995 SH   SOLE   78,995 0 0
Coca-Cola Company COM 191216100 5,773 124,979 SH   SOLE   124,979 0 0
Cognizant Technology Solutions COM 192446102 2,955 38,298 SH   SOLE   38,298 0 0
Comcast Corp Cl A COM 20030n101 3,948 111,488 SH   SOLE   111,488 0 0
Compass Minerals Intl. COM 20451n101 300 4,465 SH   SOLE   4,465 0 0
ConAgra Foods Inc. COM 205887102 1,151 33,875 SH   SOLE   33,875 0 0
ConocoPhillips COM 20825c104 2,400 31,010 SH   SOLE   31,010 0 0
Corning Inc COM 219350105 7,358 208,451 SH   SOLE   208,451 0 0
Costco Wholesale Corp COM 22160k105 2,296 9,777 SH   SOLE   9,777 0 0
DR Horton, Inc COM 23331a109 1,092 25,900 SH   SOLE   25,900 0 0
Delta Airlines - New COM 247361702 775 13,400 SH   SOLE   13,400 0 0
Discovery Communications Serie COM 25470f104 6,871 214,733 SH   SOLE   214,733 0 0
Discovery Communications Serie COM 25470F302 251 8,472 SH   SOLE   8,472 0 0
DowDuPont Inc. COM 26078j100 11,117 172,868 SH   SOLE   172,868 0 0
Dunkin Brands Group, Inc. COM 265504100 324 4,400 SH   SOLE   4,400 0 0
Express Scripts Holding Co. COM 30219g108 8,034 84,559 SH   SOLE   84,559 0 0
Exxon Mobil Corp COM 30231G102 1,177 13,845 SH   SOLE   13,845 0 0
Facebook, Inc. COM 30303m102 1,821 11,070 SH   SOLE   11,070 0 0
Fedex Corp COM 31428X106 2,743 11,390 SH   SOLE   11,390 0 0
Franklin Resources Inc. COM 354613101 4,262 140,148 SH   SOLE   140,148 0 0
GAMCO Investors Inc. COM 361438104 234 10,000 SH   SOLE   10,000 0 0
General Electric Co. COM 369604103 250 22,104 SH   SOLE   22,104 0 0
General Mills COM 370334104 279 6,496 SH   SOLE   6,496 0 0
General Motors Company COM 37045v100 1,170 34,749 SH   SOLE   34,749 0 0
Gilead Sciences Inc. COM 375558103 892 11,550 SH   SOLE   11,550 0 0
H & R Block Inc. COM 093671105 3,187 123,777 SH   SOLE   123,777 0 0
HP Inc. COM 40434L105 374 14,520 SH   SOLE   14,520 0 0
Hewlett Packard Enterprise Co. COM 42824c109 244 14,965 SH   SOLE   14,965 0 0
Home Depot Inc. COM 437076102 5,736 27,691 SH   SOLE   27,691 0 0
Intel Corp. COM 458140100 1,564 33,074 SH   SOLE   33,074 0 0
Interpublic Group COM 460690100 241 10,538 SH   SOLE   10,538 0 0
IsoRay, Inc. COM 46489v104 7 14,218 SH   SOLE   14,218 0 0
J.M. Smucker Co. COM 832696405 1,314 12,808 SH   SOLE   12,808 0 0
Johnson & Johnson COM 478160104 13,687 99,060 SH   SOLE   99,060 0 0
Keurig Dr. Pepper Inc. COM 49271v100 568 24,513 SH   SOLE   24,513 0 0
Kroger Co. COM 501044101 11,566 397,313 SH   SOLE   397,313 0 0
Laboratory Corp. of America COM 50540r409 274 1,575 SH   SOLE   1,575 0 0
Lamb Weston Holdings COM 513272104 2,232 33,514 SH   SOLE   33,514 0 0
Legg Mason Inc. COM 524901105 481 15,395 SH   SOLE   15,395 0 0
Lincoln Educational COM 533535100 494 218,492 SH   SOLE   218,492 0 0
Lloyds TSB Group COM 539439109 131 43,000 SH   SOLE   43,000 0 0
Lowes Companies COM 548661107 4,170 36,320 SH   SOLE   36,320 0 0
Manitex Intl COM 563420108 2,108 200,181 SH   SOLE   200,181 0 0
ManpowerGroup Inc. COM 56418h100 408 4,750 SH   SOLE   4,750 0 0
Marsh & McLennan Co. COM 571748102 3,109 37,587 SH   SOLE   37,587 0 0
Mastercard Inc. COM 57636q104 12,597 56,590 SH   SOLE   56,590 0 0
McDonalds Corp COM 580135101 2,289 13,680 SH   SOLE   13,680 0 0
Merck & Co.Inc. New COM 58933y105 10,863 153,131 SH   SOLE   153,131 0 0
Microsoft Corp. COM 594918104 17,793 155,570 SH   SOLE   155,570 0 0
Molson Coors Brewing Co COM 60871r209 6,646 108,064 SH   SOLE   108,064 0 0
Mondelez International, Inc. COM 609207105 1,740 40,505 SH   SOLE   40,505 0 0
Monster Beverage Corp. COM 61174x109 2,028 34,800 SH   SOLE   34,800 0 0
Nike Inc Class B COM 654106103 1,381 16,300 SH   SOLE   16,300 0 0
Nordstrom Inc. COM 655664100 224 3,749 SH   SOLE   3,749 0 0
Oracle Corp COM 68389X105 6,068 117,687 SH   SOLE   117,687 0 0
Paychex Inc. COM 704326107 3,328 45,185 SH   SOLE   45,185 0 0
Pepsico Inc. COM 713448108 12,840 114,844 SH   SOLE   114,844 0 0
Pfizer Inc. COM 717081103 3,344 75,880 SH   SOLE   75,880 0 0
Philip Morris International COM 718172109 16,960 207,991 SH   SOLE   207,991 0 0
Phillips 66 COM 718546104 1,901 16,861 SH   SOLE   16,861 0 0
Procter & Gamble Co. COM 742718109 3,382 40,632 SH   SOLE   40,632 0 0
Pyxus International Inc. COM 74737v106 374 16,260 SH   SOLE   16,260 0 0
Quest Diagnostics Inc. COM 74834L100 4,254 39,420 SH   SOLE   39,420 0 0
Raytheon Company COM 755111507 2,583 12,500 SH   SOLE   12,500 0 0
Sally Beauty Holdings Inc. COM 79546e104 2,140 116,386 SH   SOLE   116,386 0 0
Starbucks Corp COM 855244109 663 11,668 SH   SOLE   11,668 0 0
Tapestry Inc. COM 876030107 583 11,595 SH   SOLE   11,595 0 0
The Kraft Heinz Company COM 500754106 728 13,215 SH   SOLE   13,215 0 0
The Mosaic Company COM 61945c103 2,804 86,331 SH   SOLE   86,331 0 0
The Travelers Companies Inc. COM 89417e109 9,249 71,303 SH   SOLE   71,303 0 0
The Walt Disney Co. COM 254687106 1,091 9,332 SH   SOLE   9,332 0 0
Twenty-First Century Fox Cl A COM 90130a101 1,844 39,809 SH   SOLE   39,809 0 0
US Bancorp Delaware New COM 902973304 669 12,660 SH   SOLE   12,660 0 0
Union Pacific Corp COM 907818108 1,833 11,259 SH   SOLE   11,259 0 0
United Parcel Service Inc. COM 911312106 3,056 26,174 SH   SOLE   26,174 0 0
UnitedHealth Group Inc. COM 91324p102 24,393 91,689 SH   SOLE   91,689 0 0
Unum Group COM 91529y106 2,951 75,534 SH   SOLE   75,534 0 0
Valero Energy Corp. COM 91913y100 7,260 63,826 SH   SOLE   63,826 0 0
Verizon Communications COM 92343V104 1,918 35,924 SH   SOLE   35,924 0 0
Viacom Inc. Class B COM 92553p201 837 24,795 SH   SOLE   24,795 0 0
Visa, Inc. COM 92826c839 6,638 44,228 SH   SOLE   44,228 0 0
Waddell & Reed Financial COM 930059100 530 25,008 SH   SOLE   25,008 0 0
Wal Mart Stores COM 931142103 5,624 59,892 SH   SOLE   59,892 0 0
Washington Federal COM 938824109 1,538 48,048 SH   SOLE   48,048 0 0
Waste Management Inc. Del COM 94106L109 457 5,057 SH   SOLE   5,057 0 0
Weight Watchers Intl. Inc. COM 948626106 1,120 15,557 SH   SOLE   15,557 0 0
Wells Fargo & Co. COM 949746101 1,643 31,262 SH   SOLE   31,262 0 0
Western Union Company COM 959802109 1,051 55,148 SH   SOLE   55,148 0 0
Weyerhaeuser Co. COM 962166104 405 12,552 SH   SOLE   12,552 0 0
Yum! Brands, Inc. COM 988498101 1,199 13,187 SH   SOLE   13,187 0 0
Zimmer Biomet Holdings COM 98956p102 11,369 86,474 SH   SOLE   86,474 0 0
Alkermes PLC FOR g01767105 1,174 27,651 SH   SOLE   27,651 0 0
Allegion PLC FOR g0176j109 332 3,670 SH   SOLE   3,670 0 0
Allergan PLC FOR g0177j108 1,952 10,250 SH   SOLE   10,250 0 0
America Movil ADR FOR 02364W105 5,694 354,519 SH   SOLE   354,519 0 0
Arcos Dorados Hldgs. FOR g0457f107 1,082 173,164 SH   SOLE   173,164 0 0
BP p.l.c. FOR 055622104 9,981 216,514 SH   SOLE   216,514 0 0
British American Tobacco FOR 110448107 2,223 47,675 SH   SOLE   47,675 0 0
Colliers International Group FOR 194693107 555 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 3,287 220,018 SH   SOLE   220,018 0 0
Diageo PLC ADR FOR 25243q205 1,987 14,024 SH   SOLE   14,024 0 0
FirstService Corp Voting Share FOR 33767e103 627 7,410 SH   SOLE   7,410 0 0
Glaxo SmithKline PLC FOR 37733W105 2,497 62,172 SH   SOLE   62,172 0 0
Ingersoll Rand Co FOR g47791101 1,075 10,512 SH   SOLE   10,512 0 0
LyondellBasell Industries N.V. FOR n53745100 7,424 72,418 SH   SOLE   72,418 0 0
Medtronic PLC FOR g5960L103 15,464 157,198 SH   SOLE   157,198 0 0
Nokia Corp Sponsored ADR FOR 654902204 73 13,117 SH   SOLE   13,117 0 0
Royal Dutch Shell PLC A FOR 780259206 1,288 18,903 SH   SOLE   18,903 0 0
SK Telecom ADR FOR 78440p108 264 9,458 SH   SOLE   9,458 0 0
Taiwan Semiconductor Manufactu FOR 874039100 242 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 3,380 429,975 SH   SOLE   429,975 0 0
Textainer Group Holdings Limit FOR g8766e109 1,152 89,975 SH   SOLE   89,975 0 0
Toyota Motor Corp ADR FOR 892331307 208 1,670 SH   SOLE   1,670 0 0
Unilever NV New York Shs FOR 904784709 5,550 99,903 SH   SOLE   99,903 0 0
Yum China Holdings, Inc. FOR 98850p109 470 13,387 SH   SOLE   13,387 0 0