Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VZ	VERIZON COMMUNICATIONS INC	2,667,400	$150M	4.5%	$56.22 *	$28.96	+32.3%	Common	92343V104
T	AT&T INC	3,960,700	$113M	3.4%	$28.54 *	$12.86	+1.1%	Common	00206R102
CVX	CHEVRON CORP	873,400	$95.02M	2.8%	$108.79 *	$71.46	+12.0%	Common	166764100
XOM	EXXON MOBIL CORP	1,219,000	$83.12M	2.5%	$68.19 *	$56.94	-13.5%	Common	30231G102
KO	COCA COLA CO	1,641,800	$77.74M	2.3%	$47.35 *	$30.89	+23.6%	Common	191216100
CSCO	CISCO SYSTEMS	1,701,600	$73.73M	2.2%	$43.33 *	$19.93	+75.4%	Common	17275R102
—	ROYAL DUTCH SHELL ADR	1,157,800	$69.4M	2.1%	$59.94	$64.55	—	Common	780259107
BP	BP PLC ADR	1,801,700	$68.32M	2.0%	$37.92	$39.33	-3.6%	Common	055622104
PG	PROCTER & GAMBLE CO	727,100	$66.83M	2.0%	$91.92 *	$59.18	+30.1%	Common	742718109
KMB	KIMBERLY CLARK CORP	568,700	$64.8M	1.9%	$113.94 *	$79.42	+12.4%	Common	494368103
PFE	PFIZER INC	1,343,000	$58.62M	1.7%	$43.65 *	$20.07	+49.8%	Common	717081103
AJG	GALLAGHER ARTHUR J	792,700	$58.42M	1.7%	$73.70 *	$36.24	+85.9%	Common	363576109
DUK	DUKE ENERGY CORP	674,131	$58.18M	1.7%	$86.30 *	$53.23	+22.4%	Common	26441C204
IBM	IBM CORP	500,000	$56.84M	1.7%	$113.67 *	$97.59	-17.9%	Common	459200101
MRK	MERCK & CO INC	676,500	$51.69M	1.5%	$76.41 *	$38.48	+52.5%	Common	58933Y105
INTC	INTEL CORP	1,067,000	$50.07M	1.5%	$46.93 *	$21.21	+90.4%	Common	458140100
QCOM	QUALCOMM INC	877,000	$49.91M	1.5%	$56.91 *	$42.49	+13.1%	Common	747525103
PEP	PEPSICO INC	446,200	$49.3M	1.5%	$110.48 *	$68.86	+29.8%	Common	713448108
SO	SOUTHERN COMPANY	1,106,500	$48.6M	1.4%	$43.92 *	$32.30	+3.2%	Common	842587107
PPL	PPL CORP	1,666,000	$47.2M	1.4%	$28.33 *	$21.23	-1.2%	Common	69351T106
EMR	EMERSON ELECTRIC CO	787,500	$47.05M	1.4%	$59.75 *	$42.82	+18.4%	Common	291011104
PM	PHILIP MORRIS INTERNATIONAL INC	699,200	$46.68M	1.4%	$66.76 *	$55.22	-15.9%	Common	718172109
MCD	MCDONALDS CORP	258,400	$45.88M	1.4%	$177.57 *	$77.77	+94.0%	Common	580135101
CINF	CINCINNATI FINANCIAL CORP	579,700	$44.88M	1.3%	$77.42 *	$34.98	+85.1%	Common	172062101
LEG	LEGGETT & PLATT INC	1,199,500	$42.99M	1.3%	$35.84	$36.83	-2.7%	Common	524660107
GWW	GRAINGER WW INC	150,000	$42.35M	1.3%	$282.36 *	$163.61	+57.3%	Common	384802104
ED	CONSOLIDATED EDISON INC	545,286	$41.69M	1.2%	$76.46 *	$45.70	+29.9%	Common	209115104
GIS	GENERAL MILLS INC	1,023,700	$39.86M	1.2%	$38.94 *	$38.12	-20.2%	Common	370334104
EVRG	EVERGY INC	688,848	$39.11M	1.2%	$56.77 *	$40.03	+8.5%	Common	30034W106
SLB	SCHLUMBERGER LTD	1,047,800	$37.8M	1.1%	$36.08 *	$46.89	-36.8%	Common	806857108
—	SCANA CORP	790,800	$37.78M	1.1%	$47.78	$45.62	—	Common	80589M102
UPS	UNITED PARCEL SERVICES INC	383,000	$37.35M	1.1%	$97.53 *	$75.09	-1.2%	Common	911312106
SYY	SYSCO CORP	584,800	$36.64M	1.1%	$62.66 *	$25.72	+101.4%	Common	871829107
JNJ	JOHNSON & JOHNSON	281,800	$36.37M	1.1%	$129.05 *	$69.14	+53.3%	Common	478160104
OXY	OCCIDENTAL PETROLEUM CORP	578,000	$35.48M	1.1%	$61.38 *	$57.08	-8.1%	Common	674599105
GPC	GENUINE PARTS CO	362,000	$34.76M	1.0%	$96.02 *	$66.23	+18.5%	Common	372460105
PEG	PUBLIC SERVICE ENTERPRISE GRP INC	664,500	$34.59M	1.0%	$52.05 *	$28.91	+42.3%	Common	744573106
NUE	NUCOR CORP	662,500	$34.32M	1.0%	$51.81 *	$36.87	+21.5%	Common	670346105
CNP	CENTERPOINT ENERGY INC	1,209,000	$34.13M	1.0%	$28.23 *	$14.56	+58.2%	Common	15189T107
D	DOMINION RESOURCES INC	469,100	$33.52M	1.0%	$71.46 *	$45.69	+14.9%	Common	25746U109
—	KELLOGG CO	588,000	$33.52M	1.0%	$57.01 *	$43.33	-4.4%	Common	487836108
HP	HELMERICH & PAYNE INC	676,500	$32.43M	1.0%	$47.94	$65.27	-26.6%	Common	423452101
ADM	ARCHER DANIELS MIDLAND CO	781,500	$32.02M	1.0%	$40.97 *	$32.82	+1.5%	Common	039483102
MO	ALTRIA GROUP INC	646,750	$31.94M	1.0%	$49.39 *	$34.34	-16.5%	Common	02209S103
ETR	ENTERGY CORP	366,500	$31.55M	0.9%	$86.07 *	$27.84	+19.8%	Common	29364G103
MDU	MDU RESOURCES GROUP INC	1,309,500	$31.22M	0.9%	$23.84 *	$5.71	+29.1%	Common	552690109
ITW	ILLINOIS TOOL WORKS	242,000	$30.66M	0.9%	$126.69 *	$110.50	-3.1%	Common	452308109
ERIE	ERIE INDEMNITY CO CL A	222,600	$29.68M	0.9%	$133.31 *	$57.16	+102.8%	Common	29530P102
WEC	WEC ENERGY GROUP INC	427,151	$29.58M	0.9%	$69.26 *	$38.08	+45.6%	Common	92939U106
MET	METLIFE INC	703,400	$28.88M	0.9%	$41.06 *	$30.07	+7.6%	Common	59156R108
CAH	CARDINAL HEALTH INC	645,000	$28.77M	0.9%	$44.60 *	$44.10	-17.2%	Common	14149Y108
HUBB	HUBBELL INC	286,000	$28.41M	0.8%	$99.34 *	$95.19	-9.0%	Common	443510607
MMM	3M CO	148,500	$28.3M	0.8%	$190.54 *	$128.46	-3.8%	Common	88579Y101
CMI	CUMMINS INC	209,500	$28M	0.8%	$133.64 *	$82.84	+34.8%	Common	231021106
ABBV	ABBVIE INC	295,200	$27.21M	0.8%	$92.19 *	$37.06	+83.6%	Common	00287Y109
VLO	VALERO ENERGY CORP	362,000	$27.14M	0.8%	$74.97 *	$55.30	+1.8%	Common	91913Y100
XEL	XCEL ENERGY CORP	541,000	$26.66M	0.8%	$49.27 *	$23.56	+69.2%	Common	98389B100
PFG	PRINCIPAL FINANCIAL GROUP	599,000	$26.46M	0.8%	$44.17 *	$33.10	+1.7%	Common	74251V102
ETN	EATON CORP	378,000	$25.95M	0.8%	$68.66 *	$48.34	+23.5%	Common	G29183103
KHC	KRAFT HEINZ CO	590,000	$25.39M	0.8%	$43.04 *	$40.09	-23.6%	Common	500754106
TXN	TEXAS INSTRUMENTS INC	268,000	$25.33M	0.8%	$94.50 *	$52.24	+48.3%	Common	882508104
AEE	AMEREN CORP	383,442	$25.01M	0.7%	$65.23 *	$28.89	+85.3%	Common	023608102
OGE	OGE ENERGY CORP	637,000	$24.96M	0.7%	$39.19	$32.58	+20.3%	Common	670837103
FLO	FLOWERS FOODS INC	1,337,000	$24.69M	0.7%	$18.47 *	$11.72	+18.9%	Common	343498101
AEP	AMERICAN ELECTRIC POWER CO INC	312,800	$23.38M	0.7%	$74.74 *	$40.71	+43.4%	Common	025537101
NWN	NORTHWEST NATURAL HOLDING CO	384,000	$23.22M	0.7%	$60.46	$66.85	-9.6%	Common	66765N105
TROW	T ROWE PRICE GROUP INC	237,300	$21.91M	0.7%	$92.32 *	$51.51	+35.8%	Common	74144T108
PSX	PHILLIPS 66	248,000	$21.36M	0.6%	$86.15 *	$60.86	+6.7%	Common	718546104
PAYX	PAYCHEX INC	326,800	$21.29M	0.6%	$65.15 *	$38.08	+39.5%	Common	704326107
IVZ	INVESCO LTD	1,265,000	$21.18M	0.6%	$16.74 *	$16.74	-28.6%	Common	G491BT108
SJM	SMUCKERS J M	224,000	$20.94M	0.6%	$93.49 *	$82.85	-10.1%	Common	832696405
LLY	LILLY ELI & CO	176,500	$20.43M	0.6%	$115.72 *	$64.22	+63.9%	Common	532457108
—	SOUTH JERSEY INDUSTRIES INC	722,000	$20.07M	0.6%	$27.80	$28.79	—	Common	838518108
LNT	ALLIANT ENERGY CORP	474,000	$20.03M	0.6%	$42.25 *	$25.87	+31.1%	Common	018802108
SR	SPIRE INC	268,000	$19.85M	0.6%	$74.08	$71.43	—	Common	84857L101
BMY	BRISTOL MYERS SQUIBB CO	368,000	$19.13M	0.6%	$51.98 *	$40.23	-1.4%	Common	110122108
SON	SONOCO PRODUCTS	351,800	$18.69M	0.6%	$53.13 *	$27.28	+52.6%	Common	835495102
GILD	GILEAD SCIENCES INC	292,000	$18.27M	0.5%	$62.55 *	$52.79	-9.5%	Common	375558103
NWL	NEWELL BRANDS INC	971,800	$18.07M	0.5%	$18.59 *	$18.43	-27.5%	Common	651229106
—	EATON VANCE CORP	502,000	$17.66M	0.5%	$35.18	$34.12	—	Common	278265103
AVA	AVISTA CORP	402,000	$17.08M	0.5%	$42.48 *	$24.80	+25.7%	Common	05379B107
MPC	MARATHON PETROLEUM GROUP	284,000	$16.76M	0.5%	$59.01 *	$29.10	+61.9%	Common	56585A102
—	ALLETE INC	207,100	$15.79M	0.5%	$76.22	$49.84	—	Common	018522300
BKH	BLACK HILLS CORP	245,000	$15.38M	0.5%	$62.78 *	$39.62	+20.8%	Common	092113109
ES	EVERSOURCE ENERGY CO	219,000	$14.24M	0.4%	$65.04 *	$47.16	+7.8%	Common	30040W108
CAT	CATERPILLAR INC	112,000	$14.23M	0.4%	$127.07 *	$111.50	-2.2%	Common	149123101
CLX	CLOROX COMPANY	90,000	$13.87M	0.4%	$154.14 *	$98.89	+26.8%	Common	189054109
NFG	NATIONAL FUEL GAS CO	261,000	$13.36M	0.4%	$51.18	$54.98	-6.9%	Common	636180101
—	VECTREN CORP	179,044	$12.89M	0.4%	$71.98	$35.77	—	Common	92240G101
VFC	VF CORP	178,500	$12.73M	0.4%	$71.34 *	$49.52	+35.7%	Common	918204108
DGICA	DONEGAL GROUP INC	616,100	$8.407M	0.3%	$13.65 *	$10.38	-4.1%	Common	257701201
POR	PORTLAND GENERAL ELECTRIC	182,000	$8.345M	0.2%	$45.85 *	$34.08	+2.3%	Common	736508847
WELL	WELLTOWER INC	105,000	$7.288M	0.2%	$69.41 *	$43.15	+28.6%	Common	95040Q104