Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	2,667,400	$134M	4.1%	$50.31 *	$28.96	+15.7%	Common	92343V104
T	AT&T INC	3,790,700	$122M	3.8%	$32.11 *	$12.81	+9.8%	Common	00206R102
CVX	CHEVRON CORP	873,400	$110M	3.4%	$126.43 *	$71.46	+27.6%	Common	166764100
XOM	EXXON MOBIL CORP	1,124,000	$92.99M	2.9%	$82.73 *	$56.99	+2.7%	Common	30231G102
—	ROYAL DUTCH SHELL ADR	1,157,800	$84.11M	2.6%	$72.65	$64.55	—	Common	780259107
BP	BP PLC ADR	1,801,700	$82.27M	2.5%	$45.66	$39.33	+16.1%	Common	055622104
CSCO	CISCO SYSTEMS	1,701,600	$73.22M	2.3%	$43.03 *	$19.93	+71.7%	Common	17275R102
KO	COCA COLA CO	1,641,800	$72.01M	2.2%	$43.86 *	$30.89	+12.6%	Common	191216100
IBM	IBM CORP	500,000	$69.85M	2.2%	$139.70 *	$97.59	-1.5%	Common	459200101
PG	PROCTER & GAMBLE CO	727,100	$56.76M	1.8%	$78.06 *	$59.18	+8.5%	Common	742718109
KMB	KIMBERLY CLARK CORP	533,700	$56.22M	1.7%	$105.34 *	$78.96	+2.7%	Common	494368103
PM	PHILIP MORRIS INTERNATIONAL INC	675,200	$54.52M	1.7%	$80.74 *	$55.21	-1.2%	Common	718172109
EMR	EMERSON ELECTRIC CO	787,500	$54.45M	1.7%	$69.14 *	$42.82	+35.1%	Common	291011104
DUK	DUKE ENERGY CORP	674,131	$53.31M	1.6%	$79.08 *	$53.23	+9.7%	Common	26441C204
INTC	INTEL CORP	1,067,000	$53.04M	1.6%	$49.71 *	$21.21	+99.2%	Common	458140100
AJG	GALLAGHER ARTHUR J	792,700	$51.75M	1.6%	$65.28 *	$36.24	+62.9%	Common	363576109
SO	SOUTHERN COMPANY	1,106,500	$51.24M	1.6%	$46.31 *	$32.30	+6.0%	Common	842587107
PFE	PFIZER INC	1,343,000	$48.72M	1.5%	$36.28 *	$20.07	+22.5%	Common	717081103
PEP	PEPSICO INC	446,200	$48.58M	1.5%	$108.87 *	$68.86	+25.8%	Common	713448108
GWW	GRAINGER WW INC	150,000	$46.26M	1.4%	$308.40 *	$163.61	+70.3%	Common	384802104
QCOM	QUALCOMM INC	789,000	$44.28M	1.4%	$56.12 *	$41.56	+11.8%	Common	747525103
HP	HELMERICH & PAYNE INC	676,500	$43.13M	1.3%	$63.76	$65.27	-2.3%	Common	423452101
PPL	PPL CORP	1,501,000	$42.85M	1.3%	$28.55 *	$21.12	-2.6%	Common	69351T106
ED	CONSOLIDATED EDISON INC	545,286	$42.52M	1.3%	$77.98 *	$45.70	+30.1%	Common	209115104
NUE	NUCOR CORP	662,500	$41.41M	1.3%	$62.50 *	$36.87	+44.6%	Common	670346105
LEG	LEGGETT & PLATT INC	925,500	$41.31M	1.3%	$44.64	$36.47	+22.4%	Common	524660107
GIS	GENERAL MILLS INC	932,700	$41.28M	1.3%	$44.26 *	$38.62	-12.4%	Common	370334104
—	KELLOGG CO	588,000	$41.08M	1.3%	$69.87 *	$43.33	+15.1%	Common	487836108
MRK	MERCK & CO INC	676,500	$41.06M	1.3%	$60.70 *	$38.48	+19.5%	Common	58933Y105
MCD	MCDONALDS CORP	258,400	$40.49M	1.2%	$156.69 *	$77.77	+69.1%	Common	580135101
SYY	SYSCO CORP	584,800	$39.94M	1.2%	$68.29 *	$25.72	+117.3%	Common	871829107
CINF	CINCINNATI FINANCIAL CORP	579,700	$38.76M	1.2%	$66.86 *	$34.98	+57.7%	Common	172062101
EVRG	EVERGY INC	688,860	$38.68M	1.2%	$56.15 *	$40.03	+5.7%	Common	30034W106
MDU	MDU RESOURCES GROUP INC	1,300,000	$37.28M	1.1%	$28.68 *	$5.71	+53.0%	Common	552690109
PEG	PUBLIC SERVICE ENTERPRISE GRP INC	664,500	$35.98M	1.1%	$54.14 *	$28.91	+45.5%	Common	744573106
ADM	ARCHER DANIELS MIDLAND CO	781,500	$35.82M	1.1%	$45.83 *	$32.82	+11.9%	Common	039483102
SLB	SCHLUMBERGER LTD	514,800	$34.51M	1.1%	$67.03 *	$52.72	+2.5%	Common	806857108
JNJ	JOHNSON & JOHNSON	281,800	$34.19M	1.1%	$121.34 *	$69.14	+42.3%	Common	478160104
CNP	CENTERPOINT ENERGY INC	1,209,000	$33.5M	1.0%	$27.71 *	$14.56	+52.3%	Common	15189T107
GPC	GENUINE PARTS CO	362,000	$33.23M	1.0%	$91.79 *	$66.23	+11.7%	Common	372460105
—	GLAXOSMITHKLINE ADR	821,000	$33.09M	1.0%	$40.31	$41.56	—	Common	37733W105
D	DOMINION RESOURCES INC	469,100	$31.98M	1.0%	$68.18 *	$45.69	+7.1%	Common	25746U109
—	SCANA CORP	790,800	$30.46M	0.9%	$38.52	$45.62	—	Common	80589M102
ETR	ENTERGY CORP	366,500	$29.61M	0.9%	$80.79 *	$27.84	+10.1%	Common	29364G103
OXY	OCCIDENTAL PETROLEUM CORP	349,000	$29.2M	0.9%	$83.68 *	$55.48	+26.1%	Common	674599105
UPS	UNITED PARCEL SERVICES INC	274,000	$29.11M	0.9%	$106.23 *	$71.85	+10.7%	Common	911312106
ETN	EATON CORP	378,000	$28.25M	0.9%	$74.74 *	$48.34	+34.4%	Common	G29183103
WEC	WEC ENERGY GROUP INC	427,151	$27.61M	0.9%	$64.65 *	$38.08	+33.7%	Common	92939U106
TROW	T ROWE PRICE GROUP INC	237,300	$27.55M	0.8%	$116.09 *	$51.51	+68.5%	Common	74144T108
VLO	VALERO ENERGY CORP	248,000	$27.49M	0.8%	$110.83 *	$50.59	+61.8%	Common	91913Y100
ABBV	ABBVIE INC	295,200	$27.35M	0.8%	$92.65 *	$37.06	+80.7%	Common	00287Y109
ERIE	ERIE INDEMNITY CO CL A	222,600	$26.1M	0.8%	$117.26 *	$57.16	+75.9%	Common	29530P102
CMI	CUMMINS INC	193,500	$25.74M	0.8%	$133.00 *	$79.97	+36.8%	Common	231021106
PFG	PRINCIPAL FINANCIAL GROUP	483,000	$25.57M	0.8%	$52.95 *	$32.11	+23.2%	Common	74251V102
AZN	ASTRAZENECA PLC	722,000	$25.35M	0.8%	$35.11	$32.01	—	Common	046353108
FLO	FLOWERS FOODS INC	1,210,000	$25.2M	0.8%	$20.83 *	$11.44	+34.9%	Common	343498101
MET	METLIFE INC	575,400	$25.09M	0.8%	$43.60 *	$29.27	+15.2%	Common	59156R108
XEL	XCEL ENERGY CORP	541,000	$24.71M	0.8%	$45.68 *	$23.56	+54.5%	Common	98389B100
—	NORTHWEST NATURAL GAS CO	384,000	$24.5M	0.8%	$63.80	$48.59	—	Common	667655104
AEE	AMEREN CORP	383,442	$23.33M	0.7%	$60.85 *	$28.89	+70.5%	Common	023608102
—	SOUTH JERSEY INDUSTRIES INC	697,000	$23.33M	0.7%	$33.47	$28.82	—	Common	838518108
KHC	KRAFT HEINZ CO	360,000	$22.61M	0.7%	$62.82 *	$41.08	+6.4%	Common	500754106
OGE	OGE ENERGY CORP	637,000	$22.43M	0.7%	$35.21	$32.58	+8.1%	Common	670837103
PAYX	PAYCHEX INC	326,800	$22.34M	0.7%	$68.35 *	$38.08	+43.9%	Common	704326107
AEP	AMERICAN ELECTRIC POWER CO INC	312,800	$21.66M	0.7%	$69.25 *	$40.71	+30.5%	Common	025537101
CAH	CARDINAL HEALTH INC	435,000	$21.24M	0.7%	$48.83 *	$45.11	-13.1%	Common	14149Y108
BMY	BRISTOL MYERS SQUIBB CO	368,000	$20.36M	0.6%	$55.34 *	$40.23	+3.5%	Common	110122108
MO	ALTRIA GROUP INC	353,750	$20.09M	0.6%	$56.79 *	$35.35	-9.4%	Common	02209S103
LNT	ALLIANT ENERGY CORP	474,000	$20.06M	0.6%	$42.32 *	$25.87	+29.3%	Common	018802108
MPC	MARATHON PETROLEUM GROUP	284,000	$19.93M	0.6%	$70.16 *	$29.10	+90.0%	Common	56585A102
TXN	TEXAS INSTRUMENTS INC	180,000	$19.84M	0.6%	$110.25 *	$39.11	+127.9%	Common	882508104
PSX	PHILLIPS 66	175,000	$19.65M	0.6%	$112.31 *	$55.69	+49.7%	Common	718546104
SR	SPIRE INC	268,000	$18.93M	0.6%	$70.65	$71.43	—	Common	84857L101
SON	SONOCO PRODUCTS	351,800	$18.47M	0.6%	$52.50 *	$27.28	+48.6%	Common	835495102
CPB	CAMPBELL SOUP CO	435,000	$17.64M	0.5%	$40.54 *	$30.19	+4.2%	Common	134429109
—	EATON VANCE CORP	321,000	$16.75M	0.5%	$52.19	$33.52	—	Common	278265103
GILD	GILEAD SCIENCES INC	227,000	$16.08M	0.5%	$70.84 *	$52.72	+1.0%	Common	375558103
—	WGL HOLDINGS INC	180,900	$16.05M	0.5%	$88.75	$40.86	—	Common	92924F106
—	ALLETE INC	207,100	$16.03M	0.5%	$77.41	$49.84	—	Common	018522300
NWL	NEWELL BRANDS INC	591,800	$15.26M	0.5%	$25.79 *	$19.61	-7.4%	Common	651229106
LLY	LILLY ELI & CO	176,500	$15.06M	0.5%	$85.33 *	$64.22	+19.6%	Common	532457108
BKH	BLACK HILLS CORP	245,000	$15M	0.5%	$61.21 *	$39.62	+15.9%	Common	092113109
VFC	VF CORP	178,500	$14.55M	0.4%	$81.52 *	$49.52	+55.0%	Common	918204108
AVA	AVISTA CORP	257,400	$13.55M	0.4%	$52.66 *	$18.40	+107.1%	Common	05379B107
—	VECTREN CORP	179,044	$12.79M	0.4%	$71.45	$35.77	—	Common	92240G101
CLX	CLOROX COMPANY	90,000	$12.17M	0.4%	$135.26 *	$98.89	+9.8%	Common	189054109
HOG	HARLEY-DAVIDSON INC	275,500	$11.59M	0.4%	$42.08	$42.15	-0.2%	Common	412822108
DGICA	DONEGAL GROUP INC	616,100	$8.385M	0.3%	$13.61 *	$10.38	-6.4%	Common	257701201
WELL	WELLTOWER INC	105,000	$6.582M	0.2%	$62.69 *	$43.15	+13.2%	Common	95040Q104