Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
T	AT&T INC	2,599,974	$92.35M	4.7%	$35.52 *	$11.47	+10.7%	COM	00206R102
—	DOW CHEM CO	1,571,625	$80.42M	4.1%	$51.17	$37.46	—	COM	260543103
VOD	VODAFONE GROUP PLC NEW	2,200,143	$80.19M	4.0%	$36.45	$34.07	+7.0%	SPNSR ADR NO PAR	92857W308
ABBV	ABBVIE INC	1,136,708	$76.38M	3.8%	$67.19 *	$31.47	+38.6%	COM	00287Y109
BCE	BCE INC	1,753,504	$74.52M	3.8%	$42.50 *	$22.26	+3.5%	COM NEW	05534B760
ETN	EATON CORP PLC	1,004,308	$67.78M	3.4%	$67.49 *	$49.46	+6.9%	SHS	G29183103
—	PEOPLES UNITED FINANCIAL INC	4,169,205	$67.58M	3.4%	$16.21	$14.96	—	COM	712704105
FNB	FNB CORP PA	4,705,989	$67.39M	3.4%	$14.32 *	$7.39	+29.4%	COM	302520101
BKE	BUCKLE INC	1,403,236	$64.23M	3.2%	$45.77 *	$15.98	-2.3%	COM	118440106
PSO	PEARSON PLC	3,293,853	$62.45M	3.1%	$18.96	$18.87	+0.5%	SPONSORED ADR	705015105
—	POTASH CORP SASK INC	2,000,007	$61.94M	3.1%	$30.97	$33.26	—	COM	73755L107
VET	VERMILION ENERGY INC	1,426,230	$61.6M	3.1%	$43.19	$54.52	-20.8%	COM	923725105
—	GLAXOSMITHKLINE PLC	1,394,540	$58.08M	2.9%	$41.65	$49.05	—	SPONSORED ADR	37733W105
—	REGAL ENTMT GROUP	2,710,623	$56.68M	2.9%	$20.91	$21.36	—	CL A	758766109
LAMR	LAMAR ADVERTISING CO NEW	985,430	$56.64M	2.9%	$57.48	$53.81	—	CL A	512816109
ABBNY	ABB LTD	2,689,537	$56.16M	2.8%	$20.88 *	$19.79	+1.2%	SPONSORED ADR	000375204
GM	GENERAL MTRS CO	1,631,505	$54.38M	2.7%	$33.33 *	$27.84	-5.8%	COM	37045V100
—	SEAGATE TECHNOLOGY PLC	1,065,406	$50.61M	2.5%	$47.50	$47.48	—	SHS	G7945M107
—	OUTFRONT MEDIA INC	2,000,339	$50.49M	2.5%	$25.24	$26.84	—	COM	69007J106
CSCO	CISCO SYS INC	1,815,856	$49.86M	2.5%	$27.46 *	$15.79	+25.1%	COM	17275R102
—	WADDELL & REED FINL INC	1,037,432	$49.08M	2.5%	$47.31	$49.38	—	CL A	930059100
RHP	RYMAN HOSPITALITY PPTYS INC	907,766	$48.21M	2.4%	$53.11	$36.15	—	COM	78377T107
NUE	NUCOR CORP	1,078,050	$47.51M	2.4%	$44.07 *	$37.07	-7.1%	COM	670346105
—	SIX FLAGS ENTMT CORP NEW	1,049,656	$47.08M	2.4%	$44.85	$40.57	—	COM	83001A102
—	MAXIM INTEGRATED PRODS INC	1,359,914	$47.02M	2.4%	$34.57	$32.54	—	COM	57772K101
INTC	INTEL CORP	1,473,627	$44.82M	2.3%	$30.41 *	$18.20	+30.1%	COM	458140100
AEO	AMERICAN EAGLE OUTFITTERS NE	2,534,863	$43.65M	2.2%	$17.22 *	$10.05	+27.5%	COM	02553E106
FHI	FEDERATED INVS INC PA	1,297,615	$43.46M	2.2%	$33.49 *	$14.92	+38.3%	CL B	314211103
MCHP	MICROCHIP TECHNOLOGY INC	852,626	$40.44M	2.0%	$47.43 *	$14.66	+31.2%	COM	595017104
—	PLUM CREEK TIMBER CO INC	983,023	$39.88M	2.0%	$40.57	$45.45	—	COM	729251108
MRK	MERCK & CO INC NEW	700,170	$39.86M	2.0%	$56.93 *	$30.78	+27.3%	COM	58933Y105
PEG	PUBLIC SVC ENTERPRISE GROUP	1,007,085	$39.56M	2.0%	$39.28 *	$21.98	+24.0%	COM	744573106
—	CORRECTIONS CORP AMER NEW	1,075,531	$35.58M	1.8%	$33.08	$33.74	—	COM NEW	22025Y407
—	THOMSON REUTERS CORP	786,398	$29.94M	1.5%	$38.07	$33.35	—	COM	884903105
SON	SONOCO PRODS CO	680,068	$29.15M	1.5%	$42.86 *	$25.20	+19.6%	COM	835495102
—	HOSPITALITY PPTYS TR	1,002,653	$28.9M	1.5%	$28.82	$26.92	—	COM SH BEN INT	44106M102
CNK	CINEMARK HOLDINGS INC	714,603	$28.71M	1.4%	$40.17 *	$24.10	+40.3%	COM	17243V102
DMLP	DORCHESTER MINERALS LP	297,775	$6.369M	0.3%	$21.39	$25.24	—	COM UNIT	25820R105
—	ENDURO RTY TR	1,325,127	$5.552M	0.3%	$4.19	$14.53	—	TR UNIT	29269K100
XOM	EXXON MOBIL CORP	3,117	$259K	0.0%	$83.09 *	$53.89	-2.1%	COM	30231G102
MKC	MCCORMICK & CO INC	2,700	$219K	0.0%	$81.11 *	$28.93	+14.3%	COM NON VTG	579780206