Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
XOM	EXXON MOBIL CORP	799,500	$87.67M	2.8%	$109.66 *	$53.73	+85.5%	Common	30231G102
CVX	CHEVRON CORP	533,900	$87.11M	2.8%	$163.16 *	$73.51	+97.4%	Common	166764100
MRK	MERCK & CO INC	763,100	$81.19M	2.6%	$106.39 *	$46.72	+109.3%	Common	58933Y105
QCOM	QUALCOMM INC	634,700	$80.97M	2.6%	$127.58 *	$42.49	+182.2%	Common	747525103
CAT	CATERPILLAR INC	349,000	$79.86M	2.6%	$228.84 *	$113.86	+91.9%	Common	149123101
GWW	GRAINGER WW INC	115,000	$79.21M	2.5%	$688.81 *	$163.61	+310.8%	Common	384802104
PG	PROCTER & GAMBLE CO	521,400	$77.53M	2.5%	$148.69 *	$59.18	+134.4%	Common	742718109
MPC	MARATHON PETROLEUM GROUP	559,000	$75.37M	2.4%	$134.83 *	$41.73	+204.5%	Common	56585A102
PEP	PEPSICO INC	410,200	$74.78M	2.4%	$182.30 *	$82.00	+102.7%	Common	713448108
UPS	UNITED PARCEL SERVICES INC	373,400	$72.44M	2.3%	$193.99 *	$77.55	+116.7%	Common	911312106
CSCO	CISCO SYSTEMS	1,366,600	$71.44M	2.3%	$52.27 *	$20.49	+134.4%	Common	17275R102
NUE	NUCOR CORP	450,500	$69.59M	2.2%	$154.47 *	$37.40	+296.7%	Common	670346105
TXN	TEXAS INSTRUMENTS INC	360,500	$67.06M	2.1%	$186.01 *	$68.78	+148.7%	Common	882508104
MCD	MCDONALDS CORP	239,800	$67.05M	2.1%	$279.61 *	$77.77	+237.4%	Common	580135101
HUBB	HUBBELL INC	271,000	$65.94M	2.1%	$243.31 *	$95.19	+146.3%	Common	443510607
KO	COCA COLA CO	1,053,300	$65.34M	2.1%	$62.03 *	$32.35	+76.6%	Common	191216100
SO	SOUTHERN COMPANY	933,000	$64.92M	2.1%	$69.58 *	$35.42	+78.0%	Common	842587107
EMR	EMERSON ELECTRIC CO	734,700	$64.02M	2.0%	$87.14 *	$43.87	+88.3%	Common	291011104
AJG	GALLAGHER ARTHUR J	334,100	$63.92M	2.0%	$191.31 *	$36.24	+414.9%	Common	363576109
CAH	CARDINAL HEALTH INC	846,000	$63.87M	2.0%	$75.50 *	$42.38	+69.9%	Common	14149Y108
SYY	SYSCO CORP	791,700	$61.14M	2.0%	$77.23 *	$39.24	+81.3%	Common	871829107
ITW	ILLINOIS TOOL WORKS	240,500	$58.55M	1.9%	$243.45 *	$113.08	+101.9%	Common	452308109
PFE	PFIZER INC	1,424,700	$58.13M	1.9%	$40.80 *	$23.72	+45.9%	Common	717081103
PSX	PHILLIPS 66	557,900	$56.56M	1.8%	$101.38 *	$66.33	+38.5%	Common	718546104
AEP	AMERICAN ELECTRIC POWER CO INC	611,300	$55.62M	1.8%	$90.99 *	$60.31	+35.9%	Common	025537101
KMB	KIMBERLY CLARK CORP	409,000	$54.9M	1.8%	$134.22 *	$80.29	+50.7%	Common	494368103
VZ	VERIZON COMMUNICATIONS INC	1,396,500	$54.31M	1.7%	$38.89 *	$30.29	+6.6%	Common	92343V104
DUK	DUKE ENERGY CORP	560,731	$54.09M	1.7%	$96.47 *	$59.29	+46.0%	Common	26441C204
PEG	PUBLIC SERVICE ENTERPRISE GRP INC	852,500	$53.24M	1.7%	$62.45 *	$39.73	+43.5%	Common	744573106
ETN	EATON CORP	309,700	$53.06M	1.7%	$171.34 *	$48.34	+242.1%	Common	G29183103
CMI	CUMMINS INC	219,500	$52.43M	1.7%	$238.88 *	$87.36	+156.2%	Common	231021106
MSM	MSC INDUSTRIAL DIRECT CO	616,200	$51.76M	1.7%	$84.00	$72.39	+16.0%	Common	553530106
JNJ	JOHNSON & JOHNSON	329,000	$50.99M	1.6%	$155.00 *	$78.13	+82.4%	Common	478160104
PAYX	PAYCHEX INC	428,600	$49.11M	1.6%	$114.59 *	$48.35	+117.9%	Common	704326107
GPC	GENUINE PARTS CO	287,900	$48.17M	1.5%	$167.31 *	$68.07	+126.8%	Common	372460105
LMT	LOCKHEED MARTIN	100,800	$47.65M	1.5%	$472.73 *	$311.11	+40.9%	Common	539830109
INTC	INTEL CORP	1,437,100	$46.95M	1.5%	$32.67 *	$23.02	+38.5%	Common	458140100
CINF	CINCINNATI FINANCIAL CORP	395,100	$44.28M	1.4%	$112.08 *	$34.98	+198.7%	Common	172062101
MDU	MDU RESOURCES GROUP INC	1,445,000	$44.04M	1.4%	$30.48 *	$6.24	+71.8%	Common	552690109
LEG	LEGGETT & PLATT INC	1,355,300	$43.21M	1.4%	$31.88	$37.57	-15.1%	Common	524660107
BMY	BRISTOL MYERS SQUIBB CO	619,000	$42.9M	1.4%	$69.31 *	$38.49	+57.0%	Common	110122108
ADM	ARCHER DANIELS MIDLAND CO	511,000	$40.71M	1.3%	$79.66 *	$33.35	+118.0%	Common	039483102
VLO	VALERO ENERGY CORP	284,500	$39.72M	1.3%	$139.60 *	$60.57	+111.7%	Common	91913Y100
D	DOMINION RESOURCES INC	707,314	$39.55M	1.3%	$55.91 *	$50.02	-2.6%	Common	25746U109
SR	SPIRE INC	523,000	$36.68M	1.2%	$70.14	$73.63	—	Common	84857L101
—	KELLOGG CO	542,000	$36.29M	1.2%	$66.96 *	$45.24	+26.6%	Common	487836108
XEL	XCEL ENERGY CORP	530,900	$35.8M	1.1%	$67.44 *	$23.56	+160.2%	Common	98389B100
SON	SONOCO PRODUCTS	580,200	$35.39M	1.1%	$61.00 *	$34.89	+56.1%	Common	835495102
—	ALLETE INC	545,100	$35.09M	1.1%	$64.37	$61.47	—	Common	018522300
EVRG	EVERGY INC	544,911	$33.3M	1.1%	$61.12 *	$46.01	+18.0%	Common	30034W106
OGE	OGE ENERGY CORP	862,500	$32.48M	1.0%	$37.66	$33.19	+13.5%	Common	670837103
WEC	WEC ENERGY GROUP INC	332,331	$31.5M	1.0%	$94.79 *	$60.02	+43.1%	Common	92939U106
DOW	DOW INC	546,000	$29.93M	1.0%	$54.82 *	$38.63	+20.2%	Common	260557103
EMN	EASTMAN CHEMICAL CO	330,500	$27.87M	0.9%	$84.34 *	$60.18	+25.9%	Common	277432100
BKH	BLACK HILLS CORP	414,000	$26.12M	0.8%	$63.10 *	$49.83	+11.0%	Common	092113109
AVA	AVISTA CORP	597,500	$25.36M	0.8%	$42.45 *	$27.55	+34.1%	Common	05379B107
GIS	GENERAL MILLS INC	285,500	$24.4M	0.8%	$85.46 *	$38.12	+102.1%	Common	370334104
NWN	NORTHWEST NATURAL HOLDING CO	368,000	$17.5M	0.6%	$47.56	$66.85	-28.9%	Common	66765N105
USB	US BANCORP	480,000	$17.3M	0.6%	$36.05 *	$36.71	-13.7%	Common	902973304
NTRS	NORTHERN TRUST CORP	167,500	$14.76M	0.5%	$88.13 *	$76.24	+5.7%	Common	665859104
DGICA	DONEGAL GROUP INC	425,500	$6.502M	0.2%	$15.28 *	$10.38	+28.7%	Common	257701201