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 6,917 128,902 SH   SOLE   128,902 0 0
AGCO Corp COM 001084102 541 4,150 SH   SOLE   4,150 0 0
AT & T, Inc. New COM 00206r102 1,043 36,241 SH   SOLE   36,241 0 0
AbbVie, Inc. COM 00287y109 4,059 36,032 SH   SOLE   36,032 0 0
Abbott Laboratories COM 002824100 9,766 84,240 SH   SOLE   84,240 0 0
Adobe Systems Inc COM 00724F101 472 806 SH   SOLE   806 0 0
Alaska Air Group Inc. COM 011659109 600 9,945 SH   SOLE   9,945 0 0
Align Technology, Inc. COM 016255101 244 400 SH   SOLE   400 0 0
Alphabet, Inc Non-Voting Class COM 02079k107 564 225 SH   SOLE   225 0 0
Alphabet, Inc Voting Class COM 02079k305 10,502 4,301 SH   SOLE   4,301 0 0
Altria Group Inc. COM 02209s103 7,665 160,769 SH   SOLE   160,769 0 0
Amazon.com, Inc. COM 023135106 777 226 SH   SOLE   226 0 0
American Express Co. COM 025816109 1,373 8,308 SH   SOLE   8,308 0 0
American International Group COM 026874784 5,045 105,987 SH   SOLE   105,987 0 0
Ameriprise Financial Inc. COM 03076c106 1,129 4,538 SH   SOLE   4,538 0 0
Amgen Inc. COM 031162100 1,279 5,248 SH   SOLE   5,248 0 0
Anthem, Inc. COM 036752103 18,278 47,874 SH   SOLE   47,874 0 0
Apple, Inc. COM 037833100 5,204 38,000 SH   SOLE   38,000 0 0
Automatic Data Processing COM 053015103 1,617 8,142 SH   SOLE   8,142 0 0
Bank of America Corp COM 060505104 14,124 342,568 SH   SOLE   342,568 0 0
Bank of New York Mellon Corp COM 064058100 12,149 237,154 SH   SOLE   237,154 0 0
Becton Dickinson & Co COM 075887109 4,200 17,270 SH   SOLE   17,270 0 0
Berkshire Hathaway Inc. Class COM 084670702 7,213 25,953 SH   SOLE   25,953 0 0
Biogen Inc. COM 09062x103 8,355 24,130 SH   SOLE   24,130 0 0
Boeing Company COM 097023105 3,741 15,618 SH   SOLE   15,618 0 0
Booking Holdings Inc. COM 09857L108 4,803 2,195 SH   SOLE   2,195 0 0
Bristol Myers Squibb Co. COM 110122108 2,076 31,068 SH   SOLE   31,068 0 0
CSX Corp COM 126408103 262 8,166 SH   SOLE   8,166 0 0
CVS Health Corp. COM 126650100 8,992 107,766 SH   SOLE   107,766 0 0
Caterpillar Inc. COM 149123101 770 3,540 SH   SOLE   3,540 0 0
Celanese Corp COM 150870103 4,512 29,765 SH   SOLE   29,765 0 0
Central Pacific Financial Co COM 154760409 2,542 97,525 SH   SOLE   97,525 0 0
Cerner Corporation COM 156782104 5,877 75,195 SH   SOLE   75,195 0 0
Charter Communications COM 16119p108 218 302 SH   SOLE   302 0 0
Chevron Corp. COM 166764100 2,885 27,549 SH   SOLE   27,549 0 0
Cigna Corp COM 125523100 5,587 23,565 SH   SOLE   23,565 0 0
Cisco Sys Inc. COM 17275R102 2,707 51,071 SH   SOLE   51,071 0 0
Citigroup Inc. COM 172967424 5,405 76,395 SH   SOLE   76,395 0 0
Coca-Cola Company COM 191216100 6,109 112,906 SH   SOLE   112,906 0 0
Cognizant Technology Solutions COM 192446102 3,014 43,518 SH   SOLE   43,518 0 0
Comcast Corp Cl A COM 20030n101 5,626 98,667 SH   SOLE   98,667 0 0
Compass Minerals Intl. COM 20451n101 215 3,620 SH   SOLE   3,620 0 0
ConAgra Foods Inc. COM 205887102 944 25,935 SH   SOLE   25,935 0 0
ConocoPhillips COM 20825c104 1,781 29,244 SH   SOLE   29,244 0 0
Corning Inc COM 219350105 6,860 167,726 SH   SOLE   167,726 0 0
Corteva, Inc. COM 22052L104 2,551 57,526 SH   SOLE   57,526 0 0
Costco Wholesale Corp COM 22160k105 3,728 9,423 SH   SOLE   9,423 0 0
DR Horton, Inc COM 23331a109 1,529 16,920 SH   SOLE   16,920 0 0
Delta Airlines - New COM 247361702 320 7,400 SH   SOLE   7,400 0 0
Digital Realty Trust COM 253868103 256 1,704 SH   SOLE   1,704 0 0
Discovery, Inc. Series A COM 25470f104 5,410 176,330 SH   SOLE   176,330 0 0
Discovery,Inc. Series C COM 25470F302 238 8,211 SH   SOLE   8,211 0 0
Dow Inc. COM 260557103 3,638 57,492 SH   SOLE   57,492 0 0
DuPont de Nemours, Inc COM 26614n102 3,951 51,036 SH   SOLE   51,036 0 0
Exxon Mobil Corp COM 30231G102 852 13,511 SH   SOLE   13,511 0 0
Facebook, Inc. COM 30303m102 5,250 15,100 SH   SOLE   15,100 0 0
Fedex Corp COM 31428X106 4,295 14,395 SH   SOLE   14,395 0 0
Ford Motor Co.- New COM 345370860 193 12,982 SH   SOLE   12,982 0 0
Forrester Research Inc. COM 346563109 872 19,050 SH   SOLE   19,050 0 0
Fox Corporation Class A COM 35137L105 209 5,619 SH   SOLE   5,619 0 0
Franklin Resources Inc. COM 354613101 4,176 130,533 SH   SOLE   130,533 0 0
Gates Industrial Corporation P COM g39108108 882 48,807 SH   SOLE   48,807 0 0
General Electric Co. COM 369604103 302 22,433 SH   SOLE   22,433 0 0
General Mills COM 370334104 294 4,821 SH   SOLE   4,821 0 0
General Motors Company COM 37045v100 2,296 38,799 SH   SOLE   38,799 0 0
Gilead Sciences Inc. COM 375558103 960 13,948 SH   SOLE   13,948 0 0
Global Medical REIT, Inc. COM 37954a204 177 12,000 SH   SOLE   12,000 0 0
H & R Block Inc. COM 093671105 1,450 61,752 SH   SOLE   61,752 0 0
HP Inc. COM 40434L105 342 11,324 SH   SOLE   11,324 0 0
Hewlett Packard Enterprise Co. COM 42824c109 172 11,821 SH   SOLE   11,821 0 0
Home Depot Inc. COM 437076102 8,270 25,933 SH   SOLE   25,933 0 0
Illinois Tool Works Inc. COM 452308109 247 1,104 SH   SOLE   1,104 0 0
Ingersoll Rand Inc. COM 45687v106 296 6,055 SH   SOLE   6,055 0 0
Intel Corp. COM 458140100 1,463 26,056 SH   SOLE   26,056 0 0
International Flavors & Fragra COM 459506101 613 4,102 SH   SOLE   4,102 0 0
Interpublic Group COM 460690100 295 9,067 SH   SOLE   9,067 0 0
IsoRay, Inc. COM 46489v104 11 14,218 SH   SOLE   14,218 0 0
Johnson & Johnson COM 478160104 14,132 85,783 SH   SOLE   85,783 0 0
Keurig Dr. Pepper Inc. COM 49271v100 464 13,174 SH   SOLE   13,174 0 0
Kla-Tencor Corp COM 482480100 271 835 SH   SOLE   835 0 0
Kroger Co. COM 501044101 14,362 374,878 SH   SOLE   374,878 0 0
Laboratory Corp. of America COM 50540r409 346 1,255 SH   SOLE   1,255 0 0
Lamb Weston Holdings COM 513272104 686 8,500 SH   SOLE   8,500 0 0
Lincoln Educational COM 533535100 1,662 213,567 SH   SOLE   213,567 0 0
Lloyds TSB Group COM 539439109 42 16,500 SH   SOLE   16,500 0 0
Lowes Companies COM 548661107 6,636 34,210 SH   SOLE   34,210 0 0
Lumen Technologies, Inc. COM 550241103 485 35,700 SH   SOLE   35,700 0 0
Manitex Intl COM 563420108 1,365 187,181 SH   SOLE   187,181 0 0
ManpowerGroup Inc. COM 56418h100 489 4,115 SH   SOLE   4,115 0 0
Marsh & McLennan Co. COM 571748102 4,975 35,362 SH   SOLE   35,362 0 0
Mastercard Inc. COM 57636q104 17,975 49,235 SH   SOLE   49,235 0 0
McDonalds Corp COM 580135101 2,790 12,079 SH   SOLE   12,079 0 0
Merck & Co.Inc. New COM 58933y105 10,186 130,976 SH   SOLE   130,976 0 0
Microsoft Corp. COM 594918104 33,339 123,067 SH   SOLE   123,067 0 0
Molson Coors Brewing Co COM 60871r209 5,970 111,201 SH   SOLE   111,201 0 0
Mondelez International, Inc. COM 609207105 2,316 37,097 SH   SOLE   37,097 0 0
Monster Beverage Corp. COM 61174x109 3,270 35,800 SH   SOLE   35,800 0 0
Nike Inc Class B COM 654106103 2,439 15,785 SH   SOLE   15,785 0 0
Nucor Corp COM 670346105 261 2,720 SH   SOLE   2,720 0 0
Oracle Corp COM 68389X105 985 12,653 SH   SOLE   12,653 0 0
Organon & Co. COM 68622v106 637 21,053 SH   SOLE   21,053 0 0
Parker-Hannifin Corp. COM 701094104 260 845 SH   SOLE   845 0 0
PayPal Holdings, Inc. COM 70450y103 457 1,567 SH   SOLE   1,567 0 0
Paychex Inc. COM 704326107 4,549 42,395 SH   SOLE   42,395 0 0
Pepsico Inc. COM 713448108 13,086 88,318 SH   SOLE   88,318 0 0
Pfizer Inc. COM 717081103 2,993 76,421 SH   SOLE   76,421 0 0
Philip Morris International COM 718172109 20,383 205,658 SH   SOLE   205,658 0 0
Phillips 66 COM 718546104 1,572 18,312 SH   SOLE   18,312 0 0
Procter & Gamble Co. COM 742718109 3,126 23,170 SH   SOLE   23,170 0 0
Qualcomm Inc COM 747525103 445 3,110 SH   SOLE   3,110 0 0
Quest Diagnostics Inc. COM 74834L100 4,867 36,880 SH   SOLE   36,880 0 0
Raytheon Technologies COM 75513e101 2,697 31,616 SH   SOLE   31,616 0 0
Sally Beauty Holdings Inc. COM 79546e104 1,753 79,436 SH   SOLE   79,436 0 0
Starbucks Corp COM 855244109 1,482 13,253 SH   SOLE   13,253 0 0
Tapestry Inc. COM 876030107 389 8,955 SH   SOLE   8,955 0 0
The Kraft Heinz Company COM 500754106 489 11,979 SH   SOLE   11,979 0 0
The Mosaic Company COM 61945c103 2,085 65,331 SH   SOLE   65,331 0 0
The Travelers Companies Inc. COM 89417e109 8,959 59,842 SH   SOLE   59,842 0 0
The Walt Disney Co. COM 254687106 2,831 16,107 SH   SOLE   16,107 0 0
US Bancorp Delaware New COM 902973304 543 9,535 SH   SOLE   9,535 0 0
Union Pacific Corp COM 907818108 2,304 10,477 SH   SOLE   10,477 0 0
United Parcel Service Inc. COM 911312106 3,448 16,580 SH   SOLE   16,580 0 0
UnitedHealth Group Inc. COM 91324p102 34,835 86,991 SH   SOLE   86,991 0 0
Unum Group COM 91529y106 1,970 69,370 SH   SOLE   69,370 0 0
Valero Energy Corp. COM 91913y100 4,791 61,357 SH   SOLE   61,357 0 0
Verizon Communications COM 92343V104 2,010 35,871 SH   SOLE   35,871 0 0
ViacomCBS Inc. B COM 92556h206 743 16,436 SH   SOLE   16,436 0 0
Viatris Inc. COM 92556v106 150 10,500 SH   SOLE   10,500 0 0
Visa, Inc. COM 92826c839 10,079 43,107 SH   SOLE   43,107 0 0
WW International, Inc. COM 98262p101 520 14,397 SH   SOLE   14,397 0 0
Wal Mart Stores COM 931142103 7,409 52,537 SH   SOLE   52,537 0 0
Washington Federal COM 938824109 1,443 45,410 SH   SOLE   45,410 0 0
Waste Management Inc. Del COM 94106L109 250 1,782 SH   SOLE   1,782 0 0
Wells Fargo & Co. COM 949746101 1,612 35,591 SH   SOLE   35,591 0 0
Western Union Company COM 959802109 618 26,914 SH   SOLE   26,914 0 0
Weyerhaeuser Co. COM 962166104 474 13,772 SH   SOLE   13,772 0 0
Yum! Brands, Inc. COM 988498101 1,372 11,930 SH   SOLE   11,930 0 0
Zimmer Biomet Holdings COM 98956p102 9,861 61,314 SH   SOLE   61,314 0 0
AON Plc FOR g0403h108 705 2,952 SH   SOLE   2,952 0 0
Alibaba Group Holding Limited FOR 01609w102 3,362 14,825 SH   SOLE   14,825 0 0
Alkermes PLC FOR g01767105 476 19,416 SH   SOLE   19,416 0 0
Allegion PLC FOR g0176j109 502 3,605 SH   SOLE   3,605 0 0
America Movil ADR FOR 02364W105 2,591 172,754 SH   SOLE   172,754 0 0
Arcos Dorados Hldgs. FOR g0457f107 2,391 400,551 SH   SOLE   400,551 0 0
BP p.l.c. FOR 055622104 5,357 202,779 SH   SOLE   202,779 0 0
British American Tobacco FOR 110448107 3,904 99,323 SH   SOLE   99,323 0 0
CAE Inc. FOR 124765108 953 30,935 SH   SOLE   30,935 0 0
Colliers International Group FOR 194693107 802 7,160 SH   SOLE   7,160 0 0
Credit Suisse Group ADR FOR 225401108 2,097 199,933 SH   SOLE   199,933 0 0
Diageo PLC ADR FOR 25243q205 2,388 12,459 SH   SOLE   12,459 0 0
Enbridge Inc. FOR 29250n105 213 5,330 SH   SOLE   5,330 0 0
FirstService Corp Voting Share FOR 33767e103 1,226 7,160 SH   SOLE   7,160 0 0
Glaxo SmithKline PLC FOR 37733W105 2,084 52,336 SH   SOLE   52,336 0 0
LyondellBasell Industries N.V. FOR n53745100 7,190 69,893 SH   SOLE   69,893 0 0
Medtronic PLC FOR g5960L103 17,619 141,937 SH   SOLE   141,937 0 0
Nokia Corp Sponsored ADR FOR 654902204 86 16,157 SH   SOLE   16,157 0 0
Royal Dutch Shell PLC A FOR 780259206 638 15,803 SH   SOLE   15,803 0 0
Taiwan Semiconductor Manufactu FOR 874039100 659 5,487 SH   SOLE   5,487 0 0
Telefonica S.A. ADR FOR 879382208 1,115 237,204 SH   SOLE   237,204 0 0
Textainer Group Holdings Limit FOR g8766e109 2,678 79,300 SH   SOLE   79,300 0 0
Toyota Motor Corp ADR FOR 892331307 285 1,630 SH   SOLE   1,630 0 0
Trane Technologies PLC FOR g8994e103 1,235 6,705 SH   SOLE   6,705 0 0
Unilever PCL ADR FOR 904767704 5,470 93,503 SH   SOLE   93,503 0 0
Yum China Holdings, Inc. FOR 98850p109 722 10,895 SH   SOLE   10,895 0 0