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 | 9,186,522 | 127,697 | SH | | SOLE | | 127,697 | 0 | 0 |
AGCO Corp | COM | 001084102 | 575,563 | 4,150 | SH | | SOLE | | 4,150 | 0 | 0 |
AT & T, Inc. New | COM | 00206r102 | 623,426 | 33,863 | SH | | SOLE | | 33,863 | 0 | 0 |
AbbVie, Inc. | COM | 00287y109 | 5,704,510 | 35,298 | SH | | SOLE | | 35,298 | 0 | 0 |
Abbott Laboratories | COM | 002824100 | 8,253,918 | 75,179 | SH | | SOLE | | 75,179 | 0 | 0 |
Adobe Systems Inc | COM | 00724F101 | 230,187 | 684 | SH | | SOLE | | 684 | 0 | 0 |
Alaska Air Group Inc. | COM | 011659109 | 422,744 | 9,845 | SH | | SOLE | | 9,845 | 0 | 0 |
Alphabet, Inc Non-Voting Class | COM | 02079k107 | 409,933 | 4,620 | SH | | SOLE | | 4,620 | 0 | 0 |
Alphabet, Inc Voting Class | COM | 02079k305 | 7,541,900 | 85,480 | SH | | SOLE | | 85,480 | 0 | 0 |
Altria Group Inc. | COM | 02209s103 | 7,319,131 | 160,121 | SH | | SOLE | | 160,121 | 0 | 0 |
Amazon.com, Inc. | COM | 023135106 | 444,360 | 5,290 | SH | | SOLE | | 5,290 | 0 | 0 |
American Express Co. | COM | 025816109 | 1,074,586 | 7,273 | SH | | SOLE | | 7,273 | 0 | 0 |
American International Group | COM | 026874784 | 6,671,630 | 105,497 | SH | | SOLE | | 105,497 | 0 | 0 |
Ameriprise Financial Inc. | COM | 03076c106 | 1,412,997 | 4,538 | SH | | SOLE | | 4,538 | 0 | 0 |
Amgen Inc. | COM | 031162100 | 2,339,597 | 8,908 | SH | | SOLE | | 8,908 | 0 | 0 |
Apple, Inc. | COM | 037833100 | 4,007,821 | 30,846 | SH | | SOLE | | 30,846 | 0 | 0 |
Automatic Data Processing | COM | 053015103 | 1,916,135 | 8,022 | SH | | SOLE | | 8,022 | 0 | 0 |
Bank of America Corp | COM | 060505104 | 11,255,237 | 339,832 | SH | | SOLE | | 339,832 | 0 | 0 |
Bank of New York Mellon Corp | COM | 064058100 | 10,698,065 | 235,019 | SH | | SOLE | | 235,019 | 0 | 0 |
Becton Dickinson & Co | COM | 075887109 | 3,393,633 | 13,345 | SH | | SOLE | | 13,345 | 0 | 0 |
Berkshire Hathaway Inc. Class | COM | 084670702 | 7,853,782 | 25,425 | SH | | SOLE | | 25,425 | 0 | 0 |
Biogen Inc. | COM | 09062x103 | 6,187,777 | 22,345 | SH | | SOLE | | 22,345 | 0 | 0 |
Boeing Company | COM | 097023105 | 2,872,399 | 15,079 | SH | | SOLE | | 15,079 | 0 | 0 |
Booking Holdings Inc. | COM | 09857L108 | 4,373,158 | 2,170 | SH | | SOLE | | 2,170 | 0 | 0 |
Bristol Myers Squibb Co. | COM | 110122108 | 2,104,321 | 29,247 | SH | | SOLE | | 29,247 | 0 | 0 |
CSX Corp | COM | 126408103 | 234,395 | 7,566 | SH | | SOLE | | 7,566 | 0 | 0 |
CVS Health Corp. | COM | 126650100 | 10,230,004 | 109,776 | SH | | SOLE | | 109,776 | 0 | 0 |
Caterpillar Inc. | COM | 149123101 | 848,042 | 3,540 | SH | | SOLE | | 3,540 | 0 | 0 |
Celanese Corp | COM | 150870103 | 2,998,188 | 29,325 | SH | | SOLE | | 29,325 | 0 | 0 |
Central Pacific Financial Co | COM | 154760409 | 1,784,640 | 88,000 | SH | | SOLE | | 88,000 | 0 | 0 |
Chevron Corp. | COM | 166764100 | 4,508,609 | 25,119 | SH | | SOLE | | 25,119 | 0 | 0 |
Cigna Corp | COM | 125523100 | 8,492,576 | 25,631 | SH | | SOLE | | 25,631 | 0 | 0 |
Cisco Sys Inc. | COM | 17275R102 | 2,377,522 | 49,906 | SH | | SOLE | | 49,906 | 0 | 0 |
Citigroup Inc. | COM | 172967424 | 3,363,981 | 74,375 | SH | | SOLE | | 74,375 | 0 | 0 |
Coca-Cola Company | COM | 191216100 | 6,398,711 | 100,593 | SH | | SOLE | | 100,593 | 0 | 0 |
Cognizant Technology Solutions | COM | 192446102 | 2,395,861 | 41,893 | SH | | SOLE | | 41,893 | 0 | 0 |
Comcast Corp Cl A | COM | 20030n101 | 3,381,634 | 96,701 | SH | | SOLE | | 96,701 | 0 | 0 |
ConAgra Foods Inc. | COM | 205887102 | 985,302 | 25,460 | SH | | SOLE | | 25,460 | 0 | 0 |
ConocoPhillips | COM | 20825c104 | 3,448,432 | 29,224 | SH | | SOLE | | 29,224 | 0 | 0 |
Corning Inc | COM | 219350105 | 5,290,094 | 165,626 | SH | | SOLE | | 165,626 | 0 | 0 |
Corteva, Inc. | COM | 22052L104 | 3,371,209 | 57,353 | SH | | SOLE | | 57,353 | 0 | 0 |
Costco Wholesale Corp | COM | 22160k105 | 4,120,830 | 9,027 | SH | | SOLE | | 9,027 | 0 | 0 |
DR Horton, Inc | COM | 23331a109 | 1,534,991 | 17,220 | SH | | SOLE | | 17,220 | 0 | 0 |
Delta Airlines - New | COM | 247361702 | 223,448 | 6,800 | SH | | SOLE | | 6,800 | 0 | 0 |
Dow Inc. | COM | 260557103 | 2,881,603 | 57,186 | SH | | SOLE | | 57,186 | 0 | 0 |
DuPont de Nemours, Inc | COM | 26614n102 | 3,486,129 | 50,796 | SH | | SOLE | | 50,796 | 0 | 0 |
Elevance Health Inc. | COM | 036752103 | 23,871,572 | 46,536 | SH | | SOLE | | 46,536 | 0 | 0 |
Eli Lilly & Co | COM | 532457108 | 265,600 | 726 | SH | | SOLE | | 726 | 0 | 0 |
Exxon Mobil Corp | COM | 30231G102 | 1,419,165 | 12,866 | SH | | SOLE | | 12,866 | 0 | 0 |
Fedex Corp | COM | 31428X106 | 2,413,614 | 13,935 | SH | | SOLE | | 13,935 | 0 | 0 |
Ford Motor Co.- New | COM | 345370860 | 173,078 | 14,882 | SH | | SOLE | | 14,882 | 0 | 0 |
Forrester Research Inc. | COM | 346563109 | 681,228 | 19,050 | SH | | SOLE | | 19,050 | 0 | 0 |
Franklin Resources Inc. | COM | 354613101 | 2,927,468 | 110,973 | SH | | SOLE | | 110,973 | 0 | 0 |
Gates Industrial Corporation P | COM | g39108108 | 1,533,493 | 134,399 | SH | | SOLE | | 134,399 | 0 | 0 |
General Electric Co. | COM | 369604103 | 201,766 | 2,408 | SH | | SOLE | | 2,408 | 0 | 0 |
General Mills | COM | 370334104 | 211,805 | 2,526 | SH | | SOLE | | 2,526 | 0 | 0 |
General Motors Company | COM | 37045v100 | 1,300,993 | 38,674 | SH | | SOLE | | 38,674 | 0 | 0 |
Genuine Parts Co | COM | 372460105 | 223,828 | 1,290 | SH | | SOLE | | 1,290 | 0 | 0 |
Gilead Sciences Inc. | COM | 375558103 | 1,133,907 | 13,208 | SH | | SOLE | | 13,208 | 0 | 0 |
Global Medical REIT, Inc. | COM | 37954a204 | 113,760 | 12,000 | SH | | SOLE | | 12,000 | 0 | 0 |
Grand Canyon Education, Inc. | COM | 38526m106 | 1,527,315 | 14,455 | SH | | SOLE | | 14,455 | 0 | 0 |
H&R Block Inc. | COM | 093671105 | 1,974,534 | 54,082 | SH | | SOLE | | 54,082 | 0 | 0 |
HP Inc. | COM | 40434L105 | 297,558 | 11,074 | SH | | SOLE | | 11,074 | 0 | 0 |
Hewlett Packard Enterprise Co. | COM | 42824c109 | 188,663 | 11,821 | SH | | SOLE | | 11,821 | 0 | 0 |
Home Depot Inc. | COM | 437076102 | 8,158,112 | 25,828 | SH | | SOLE | | 25,828 | 0 | 0 |
Illinois Tool Works Inc. | COM | 452308109 | 243,211 | 1,104 | SH | | SOLE | | 1,104 | 0 | 0 |
Ingersoll Rand Inc. | COM | 45687v106 | 316,374 | 6,055 | SH | | SOLE | | 6,055 | 0 | 0 |
Intel Corp. | COM | 458140100 | 687,074 | 25,996 | SH | | SOLE | | 25,996 | 0 | 0 |
International Flavors & Fragra | COM | 459506101 | 433,513 | 4,135 | SH | | SOLE | | 4,135 | 0 | 0 |
Interpublic Group | COM | 460690100 | 295,193 | 8,862 | SH | | SOLE | | 8,862 | 0 | 0 |
IsoRay, Inc. | COM | 46489v104 | 3,513 | 14,218 | SH | | SOLE | | 14,218 | 0 | 0 |
Johnson & Johnson | COM | 478160104 | 13,564,954 | 76,790 | SH | | SOLE | | 76,790 | 0 | 0 |
Keurig Dr. Pepper Inc. | COM | 49271v100 | 460,870 | 12,924 | SH | | SOLE | | 12,924 | 0 | 0 |
Kla-Tencor Corp | COM | 482480100 | 314,820 | 835 | SH | | SOLE | | 835 | 0 | 0 |
Kroger Co. | COM | 501044101 | 16,651,388 | 373,517 | SH | | SOLE | | 373,517 | 0 | 0 |
Laboratory Corp. of America | COM | 50540r409 | 281,399 | 1,195 | SH | | SOLE | | 1,195 | 0 | 0 |
Lamb Weston Holdings | COM | 513272104 | 740,616 | 8,288 | SH | | SOLE | | 8,288 | 0 | 0 |
Lincoln Educational | COM | 533535100 | 1,322,285 | 228,374 | SH | | SOLE | | 228,374 | 0 | 0 |
Lloyds TSB Group | COM | 539439109 | 36,300 | 16,500 | SH | | SOLE | | 16,500 | 0 | 0 |
Lockheed Martin Corp | COM | 539830109 | 739,465 | 1,520 | SH | | SOLE | | 1,520 | 0 | 0 |
Lowes Companies | COM | 548661107 | 7,257,915 | 36,428 | SH | | SOLE | | 36,428 | 0 | 0 |
Lumen Technologies, Inc. | COM | 550241103 | 68,037 | 13,034 | SH | | SOLE | | 13,034 | 0 | 0 |
Manitex Intl | COM | 563420108 | 709,124 | 177,281 | SH | | SOLE | | 177,281 | 0 | 0 |
ManpowerGroup Inc. | COM | 56418h100 | 340,329 | 4,090 | SH | | SOLE | | 4,090 | 0 | 0 |
Marsh & McLennan Co. | COM | 571748102 | 5,744,473 | 34,714 | SH | | SOLE | | 34,714 | 0 | 0 |
Mastercard Inc. | COM | 57636q104 | 16,174,661 | 46,515 | SH | | SOLE | | 46,515 | 0 | 0 |
McDonalds Corp | COM | 580135101 | 3,118,087 | 11,832 | SH | | SOLE | | 11,832 | 0 | 0 |
Merck & Co.Inc. New | COM | 58933y105 | 13,963,834 | 125,857 | SH | | SOLE | | 125,857 | 0 | 0 |
Meta Platforms, Inc. | COM | 30303m102 | 1,788,252 | 14,860 | SH | | SOLE | | 14,860 | 0 | 0 |
Microsoft Corp. | COM | 594918104 | 28,381,041 | 118,343 | SH | | SOLE | | 118,343 | 0 | 0 |
Molson Coors Brewing Co | COM | 60871r209 | 5,778,814 | 112,166 | SH | | SOLE | | 112,166 | 0 | 0 |
Mondelez International, Inc. | COM | 609207105 | 2,469,516 | 37,052 | SH | | SOLE | | 37,052 | 0 | 0 |
Monster Beverage Corp. | COM | 61174x109 | 3,634,774 | 35,800 | SH | | SOLE | | 35,800 | 0 | 0 |
Nike Inc Class B | COM | 654106103 | 1,803,709 | 15,415 | SH | | SOLE | | 15,415 | 0 | 0 |
Nucor Corp | COM | 670346105 | 258,348 | 1,960 | SH | | SOLE | | 1,960 | 0 | 0 |
Oracle Corp | COM | 68389X105 | 1,031,395 | 12,618 | SH | | SOLE | | 12,618 | 0 | 0 |
Organon & Co. | COM | 68622v106 | 1,347,734 | 48,254 | SH | | SOLE | | 48,254 | 0 | 0 |
Paramount Global B | COM | 92556h206 | 437,378 | 25,911 | SH | | SOLE | | 25,911 | 0 | 0 |
Parker-Hannifin Corp. | COM | 701094104 | 656,205 | 2,255 | SH | | SOLE | | 2,255 | 0 | 0 |
Paychex Inc. | COM | 704326107 | 4,862,880 | 42,081 | SH | | SOLE | | 42,081 | 0 | 0 |
Pepsico Inc. | COM | 713448108 | 15,200,190 | 84,137 | SH | | SOLE | | 84,137 | 0 | 0 |
Pfizer Inc. | COM | 717081103 | 3,433,878 | 67,016 | SH | | SOLE | | 67,016 | 0 | 0 |
Philip Morris International | COM | 718172109 | 20,655,139 | 204,082 | SH | | SOLE | | 204,082 | 0 | 0 |
Phillips 66 | COM | 718546104 | 1,853,873 | 17,812 | SH | | SOLE | | 17,812 | 0 | 0 |
Procter & Gamble Co. | COM | 742718109 | 3,163,057 | 20,870 | SH | | SOLE | | 20,870 | 0 | 0 |
Qualcomm Inc | COM | 747525103 | 334,437 | 3,042 | SH | | SOLE | | 3,042 | 0 | 0 |
Quest Diagnostics Inc. | COM | 74834L100 | 4,828,521 | 30,865 | SH | | SOLE | | 30,865 | 0 | 0 |
Raytheon Technologies | COM | 75513e101 | 3,140,227 | 31,116 | SH | | SOLE | | 31,116 | 0 | 0 |
SM Energy Company | COM | 78454L100 | 219,081 | 6,290 | SH | | SOLE | | 6,290 | 0 | 0 |
Sally Beauty Holdings Inc. | COM | 79546e104 | 985,149 | 78,686 | SH | | SOLE | | 78,686 | 0 | 0 |
Starbucks Corp | COM | 855244109 | 1,314,698 | 13,253 | SH | | SOLE | | 13,253 | 0 | 0 |
Tapestry Inc. | COM | 876030107 | 308,638 | 8,105 | SH | | SOLE | | 8,105 | 0 | 0 |
The Kraft Heinz Company | COM | 500754106 | 483,309 | 11,872 | SH | | SOLE | | 11,872 | 0 | 0 |
The Mosaic Company | COM | 61945c103 | 2,802,456 | 63,881 | SH | | SOLE | | 63,881 | 0 | 0 |
The Travelers Companies Inc. | COM | 89417e109 | 9,372,437 | 49,989 | SH | | SOLE | | 49,989 | 0 | 0 |
The Walt Disney Co. | COM | 254687106 | 1,369,489 | 15,763 | SH | | SOLE | | 15,763 | 0 | 0 |
US Bancorp Delaware New | COM | 902973304 | 415,821 | 9,535 | SH | | SOLE | | 9,535 | 0 | 0 |
Union Pacific Corp | COM | 907818108 | 2,007,130 | 9,693 | SH | | SOLE | | 9,693 | 0 | 0 |
United Parcel Service Inc. | COM | 911312106 | 2,800,685 | 16,111 | SH | | SOLE | | 16,111 | 0 | 0 |
UnitedHealth Group Inc. | COM | 91324p102 | 43,328,534 | 81,724 | SH | | SOLE | | 81,724 | 0 | 0 |
Unum Group | COM | 91529y106 | 2,589,075 | 63,102 | SH | | SOLE | | 63,102 | 0 | 0 |
Valero Energy Corp. | COM | 91913y100 | 7,718,401 | 60,842 | SH | | SOLE | | 60,842 | 0 | 0 |
Value Line Inc. | COM | 920437100 | 220,768 | 4,339 | SH | | SOLE | | 4,339 | 0 | 0 |
Verizon Communications | COM | 92343V104 | 1,370,962 | 34,796 | SH | | SOLE | | 34,796 | 0 | 0 |
Visa, Inc. | COM | 92826c839 | 8,852,030 | 42,607 | SH | | SOLE | | 42,607 | 0 | 0 |
WW International, Inc. | COM | 98262p101 | 46,231 | 11,977 | SH | | SOLE | | 11,977 | 0 | 0 |
Wal Mart Stores | COM | 931142103 | 7,308,140 | 51,542 | SH | | SOLE | | 51,542 | 0 | 0 |
Warner Bros. Discovery, Inc. | COM | 934423104 | 1,777,500 | 187,500 | SH | | SOLE | | 187,500 | 0 | 0 |
Washington Federal | COM | 938824109 | 1,479,622 | 44,102 | SH | | SOLE | | 44,102 | 0 | 0 |
Waste Management Inc. Del | COM | 94106L109 | 275,638 | 1,757 | SH | | SOLE | | 1,757 | 0 | 0 |
Wells Fargo & Co. | COM | 949746101 | 1,509,851 | 36,567 | SH | | SOLE | | 36,567 | 0 | 0 |
Western Union Company | COM | 959802109 | 356,271 | 25,873 | SH | | SOLE | | 25,873 | 0 | 0 |
Weyerhaeuser Co. | COM | 962166104 | 397,792 | 12,832 | SH | | SOLE | | 12,832 | 0 | 0 |
Yum! Brands, Inc. | COM | 988498101 | 1,502,378 | 11,730 | SH | | SOLE | | 11,730 | 0 | 0 |
Zimmer Biomet Holdings | COM | 98956p102 | 7,906,147 | 62,009 | SH | | SOLE | | 62,009 | 0 | 0 |
AON Plc | FOR | g0403h108 | 855,999 | 2,852 | SH | | SOLE | | 2,852 | 0 | 0 |
Alibaba Group Holding Limited | FOR | 01609w102 | 1,140,765 | 12,950 | SH | | SOLE | | 12,950 | 0 | 0 |
Alkermes PLC | FOR | g01767105 | 353,826 | 13,541 | SH | | SOLE | | 13,541 | 0 | 0 |
Allegion PLC | FOR | g0176j109 | 379,462 | 3,605 | SH | | SOLE | | 3,605 | 0 | 0 |
America Movil ADR | FOR | 02364W105 | 2,008,024 | 110,331 | SH | | SOLE | | 110,331 | 0 | 0 |
Arcos Dorados Hldgs. | FOR | g0457f107 | 2,852,825 | 341,247 | SH | | SOLE | | 341,247 | 0 | 0 |
BP p.l.c. | FOR | 055622104 | 7,063,335 | 202,214 | SH | | SOLE | | 202,214 | 0 | 0 |
British American Tobacco | FOR | 110448107 | 5,347,725 | 133,760 | SH | | SOLE | | 133,760 | 0 | 0 |
CAE Inc. | FOR | 124765108 | 598,283 | 30,935 | SH | | SOLE | | 30,935 | 0 | 0 |
Colliers International Group | FOR | 194693107 | 659,006 | 7,160 | SH | | SOLE | | 7,160 | 0 | 0 |
Credit Suisse Group ADR | FOR | 225401108 | 121,907 | 40,101 | SH | | SOLE | | 40,101 | 0 | 0 |
Diageo PLC ADR | FOR | 25243q205 | 2,125,629 | 11,929 | SH | | SOLE | | 11,929 | 0 | 0 |
Enbridge Inc. | FOR | 29250n105 | 205,549 | 5,257 | SH | | SOLE | | 5,257 | 0 | 0 |
FirstService Corp Voting Share | FOR | 33767e103 | 872,924 | 7,123 | SH | | SOLE | | 7,123 | 0 | 0 |
Glaxo SmithKline ADS | FOR | 37733W204 | 1,233,519 | 35,103 | SH | | SOLE | | 35,103 | 0 | 0 |
Haleon PLC | FOR | 405552100 | 355,168 | 44,396 | SH | | SOLE | | 44,396 | 0 | 0 |
LyondellBasell Industries N.V. | FOR | n53745100 | 5,633,835 | 67,853 | SH | | SOLE | | 67,853 | 0 | 0 |
Medtronic PLC | FOR | g5960L103 | 11,269,944 | 145,007 | SH | | SOLE | | 145,007 | 0 | 0 |
Nokia Corp Sponsored ADR | FOR | 654902204 | 66,384 | 14,307 | SH | | SOLE | | 14,307 | 0 | 0 |
Shell PLC | FOR | 780259305 | 996,397 | 17,496 | SH | | SOLE | | 17,496 | 0 | 0 |
Taiwan Semiconductor Manufactu | FOR | 874039100 | 408,727 | 5,487 | SH | | SOLE | | 5,487 | 0 | 0 |
Telefonica S.A. ADR | FOR | 879382208 | 605,754 | 169,679 | SH | | SOLE | | 169,679 | 0 | 0 |
Textainer Group Holdings Limit | FOR | g8766e109 | 2,424,207 | 78,175 | SH | | SOLE | | 78,175 | 0 | 0 |
Toyota Motor Corp ADR | FOR | 892331307 | 217,162 | 1,590 | SH | | SOLE | | 1,590 | 0 | 0 |
Trane Technologies PLC | FOR | g8994e103 | 1,127,043 | 6,705 | SH | | SOLE | | 6,705 | 0 | 0 |
Unilever PCL ADR | FOR | 904767704 | 4,836,269 | 96,053 | SH | | SOLE | | 96,053 | 0 | 0 |
Yum China Holdings, Inc. | FOR | 98850p109 | 581,749 | 10,645 | SH | | SOLE | | 10,645 | 0 | 0 |