Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GWW	GRAINGER WW INC	28,862	$7.278M	4.1%	$201.89	0.0%	COM	384802104
—	PRAXAIR INC.	47,192	$5.434M	3.1%	$115.15	—	COM	74005P104
HSY	HERSHEY FOODS CORP	48,065	$4.291M	2.4%	$65.69	0.0%	COM	427866108
—	ROWAN COMPANIES	118,003	$4.02M	2.3%	$34.07	—	COM	779382100
SBUX	STARBUCKS CORP	60,575	$3.968M	2.2%	$24.37	0.0%	COM	855244109
CVX	CHEVRONTEXACO CORP	31,842	$3.768M	2.1%	$71.30	0.0%	COM	166764100
JNJ	JOHNSON & JOHNSON	41,726	$3.582M	2.0%	$59.66	0.0%	COM	478160104
PEP	PEPSICO INCORPORATED	43,131	$3.527M	2.0%	$56.00	0.0%	COM	713448108
TSCO	TRACTOR SUPPLY COMPANY	27,700	$3.256M	1.8%	$9.30	0.0%	COM	892356106
KMB	KIMBERLY-CLARK CORP	29,167	$2.833M	1.6%	$63.06	0.0%	COM	494368103
APD	AIR PRODUCTS & CHEMICALS	30,763	$2.816M	1.6%	$61.55	0.0%	COM	009158106
IFF	INTL FLAVOR & FRAGRANCES	37,441	$2.814M	1.6%	$58.18	0.0%	COM	459506101
ADP	AUTO DATA PROCESSING	37,648	$2.592M	1.5%	$45.09	0.0%	COM	053015103
GAP	GAP INC	57,000	$2.378M	1.3%	$26.00	0.0%	COM	364760108
A	AGILENT TECHNOLOGIES	54,850	$2.345M	1.3%	$27.97	0.0%	COM	00846U101
MUR	MURPHY OIL CORP	35,910	$2.186M	1.2%	$34.50	0.0%	COM	626717102
MA	MASTERCARD INC	3,765	$2.162M	1.2%	$51.54	0.0%	COM	57636Q104
—	PANERA BREAD CO CL A	11,385	$2.116M	1.2%	$185.86	—	COM	69840W108
UNP	UNION PACIFIC CORP	13,675	$2.109M	1.2%	$57.06	0.0%	COM	907818108
SYY	SYSCO CORP.	56,188	$1.919M	1.1%	$24.40	0.0%	COM	871829107
BF/B	BROWN FORMAN CORP CL B	27,814	$1.878M	1.1%	$22.68	0.0%	COM	115637209
—	BUNGE	26,240	$1.857M	1.1%	$70.77	—	COM	G16962105
GIS	GENERAL MILLS INC	38,250	$1.856M	1.0%	$31.98	0.0%	COM	370334104
—	MEADWESTVACO CORP	52,527	$1.791M	1.0%	$34.10	—	COM	583334107
GRC	GORMAN-RUPP CO COM	55,710	$1.773M	1.0%	$23.21	0.0%	COM	383082104
MMM	MINNESOTA MINING & MFG	16,150	$1.766M	1.0%	$61.26	0.0%	COM	88579Y101
—	SIGMA ALDRICH CORP	21,800	$1.753M	1.0%	$80.41	—	COM	826552101
—	INGERSOLL-RAND COMPANY	31,360	$1.741M	1.0%	$55.52	—	COM	G47791101
TXN	TEXAS INSTRUMENTS INC	49,816	$1.736M	1.0%	$25.31	0.0%	COM	882508104
ABBV	ABBVIE INC COM	41,617	$1.72M	1.0%	$26.55	0.0%	COM	00287Y109
AVT	AVNET INC	50,091	$1.683M	1.0%	$25.70	0.0%	COM	053807103
MIDD	MIDDLEBY CORP THE	9,600	$1.632M	0.9%	$52.53	0.0%	COM	596278101
KO	COCA-COLA COMPANY	39,864	$1.598M	0.9%	$27.85	0.0%	COM	191216100
TKR	TIMKEN COMPANY	26,900	$1.513M	0.9%	$39.57	0.0%	COM	887389104
DRI	DARDEN RESTURANTS INC	29,700	$1.499M	0.8%	$31.32	0.0%	COM	237194105
ABT	ABBOTT LABORATORIES	41,817	$1.458M	0.8%	$28.85	0.0%	COM	002824100
OLN	OLIN CORP NEW	60,805	$1.454M	0.8%	$16.80	0.0%	COM	680665205
—	ACCENTURE LTD CL A	19,200	$1.381M	0.8%	$71.93	—	COM	G1150C101
RIG	TRANSOCEAN SEDCO FOREX	27,597	$1.323M	0.7%	$50.97	0.0%	COM	H8817H100
DIS	DISNEY WALT HOLDING CO	20,697	$1.307M	0.7%	$56.11	0.0%	COM	254687106
SON	SONOCO PRODUCTS INC	36,716	$1.269M	0.7%	$22.97	0.0%	COM	835495102
SLB	SCHLUMBERGER LTD F	17,468	$1.251M	0.7%	$52.90	0.0%	COM	806857108
MSFT	MICROSOFT CORP	34,805	$1.202M	0.7%	$26.70	0.0%	COM	594918104
HP	HELMERICH & PAYNE INC	18,800	$1.174M	0.7%	$61.57	0.0%	COM	423452101
FIS	FIDELITY NATL INFO SVCS	27,186	$1.164M	0.7%	$34.36	0.0%	COM	31620M106
EL	LAUDER ESTEE CORP CL A	17,600	$1.157M	0.7%	$58.22	0.0%	COM	518439104
DE	DEERE & CO	14,185	$1.152M	0.7%	$68.04	0.0%	COM	244199105
VLO	VALERO ENERGY	32,875	$1.143M	0.6%	$24.01	0.0%	COM	91913Y100
AXP	AMERICAN EXPRESS CO.	15,050	$1.125M	0.6%	$59.62	0.0%	COM	025816109
NTRS	NORTHERN TRUST CORP	19,075	$1.104M	0.6%	$40.35	0.0%	COM	665859104
—	DIAMOND OFFSHR DRILLING	16,025	$1.102M	0.6%	$68.77	—	COM	25271C102
BR	BROADRIDGE FINANCIAL	39,735	$1.056M	0.6%	$20.36	0.0%	COM	11133T103
CPK	CHESAPEAKE UTIL CORP	20,450	$1.052M	0.6%	$26.98	0.0%	COM	165303108
MET	METLIFE INC	22,873	$1.046M	0.6%	$24.43	0.0%	COM	59156R108
COP	CONOCOPHILLIPS	17,209	$1.041M	0.6%	$39.96	0.0%	COM	20825C104
OKE	ONEOK, INC	24,732	$1.021M	0.6%	$19.74	0.0%	COM	682680103
—	CREE INC	15,500	$989K	0.6%	$63.81	—	COM	225447101
BMY	BRISTOL MYERS SQUIBB CO	22,077	$986K	0.6%	$28.67	0.0%	COM	110122108
IBM	INTL BUSINESS MACHINES	5,131	$980K	0.6%	$118.94	0.0%	COM	459200101
—	BEAM INC.	15,450	$975K	0.6%	$63.11	—	COM	073730103
HON	HONEYWELL INC.	12,094	$959K	0.5%	$53.13	0.0%	COM	438516106
NSC	NORFOLK SOUTHERN CORP	13,200	$958K	0.5%	$57.67	0.0%	COM	655844108
PG	PROCTER & GAMBLE	12,409	$955K	0.5%	$55.00	0.0%	COM	742718109
—	HOSPIRA	24,393	$934K	0.5%	$38.29	—	COM	441060100
—	NEENAH PAPER INC	29,200	$927K	0.5%	$31.75	—	COM	640079109
VZ	VERIZON COMM	17,864	$899K	0.5%	$27.04	0.0%	COM	92343V104
—	NOBLE ENERGY INC.	14,480	$869K	0.5%	$60.01	—	COM	655044105
CAT	CATERPILLAR INC	10,463	$863K	0.5%	$61.55	0.0%	COM	149123101
D	DOMINION RESOURCES INC.	15,000	$852K	0.5%	$34.53	0.0%	COM	25746U109
FELE	FRANKLIN ELEC CO INC	25,300	$851K	0.5%	$28.79	0.0%	COM	353514102
—	DUKE ENERGY CORPORATION	12,439	$839K	0.5%	$67.45	—	COM	26441C105
—	UNITED TECHNOLOGIES CORP	8,981	$834K	0.5%	$92.86	—	COM	913017109
HD	HOME DEPOT INC	10,700	$828K	0.5%	$56.05	0.0%	COM	437076102
—	SPECTRA ENERGY CORP	24,006	$827K	0.5%	$34.45	—	COM	847560109
DOV	DOVER CORPORATION	10,575	$821K	0.5%	$39.99	0.0%	COM	260003108
COST	COSTCO WHOLSALE CORP NEW	7,209	$797K	0.5%	$86.56	0.0%	COM	22160K105
—	LACLEDE GAS COMPANY	17,105	$781K	0.4%	$45.66	—	COM	505597104
MKC	MC CORMICK & CO NEW VT	10,750	$756K	0.4%	$28.19	0.0%	COM	579780206
—	NEWS LTD CORP ADR PFD	23,000	$749K	0.4%	$32.57	—	COM	65248E104
ADI	ANALOG DEVICES INC	16,500	$743K	0.4%	$34.29	0.0%	COM	032654105
—	GENERAL ELECTRIC	31,867	$739K	0.4%	$23.19	—	COM	369604103
—	INGREDION INC.	11,100	$728K	0.4%	$65.59	—	COM	219023108
AIT	APPLIED INDL. TECH.	14,400	$695K	0.4%	$36.74	0.0%	COM	03820C105
ATO	ATMOS ENERGY CORP	16,950	$695K	0.4%	$31.05	0.0%	COM	049560105
XOM	EXXON MOBIL CORP	75,552	$682K	0.4%	$53.69	0.0%	COM	30231G102
KEX	KIRBY CORP	8,470	$673K	0.4%	$77.04	0.0%	COM	497266106
FLR	FLUOR CORPORATION	11,200	$664K	0.4%	$53.56	0.0%	COM	343412102
SWK	STANLEY BLACK & DECKER INC.	8,350	$645K	0.4%	$56.98	0.0%	COM	854502101
—	COMPUTER ASSOC INTL INC	22,400	$641K	0.4%	$28.62	—	COM	12673P105
—	PIEDMONT NATURAL GAS CO.	18,775	$633K	0.4%	$33.72	—	COM	720186105
RHHBY	ROCHE HLDG LTD ADR	10,130	$626K	0.4%	$61.80	—	COM	771195104
—	DU PONT E I DE NEMOUR&CO	11,740	$616K	0.3%	$52.47	—	COM	263534109
—	MARATHON OIL CO.	17,730	$613K	0.3%	$34.57	—	COM	565849106
LOW	LOWES COMPANIES INC	14,954	$611K	0.3%	$32.16	0.0%	COM	548661107
MRK	MERCK & CO INC	12,746	$592K	0.3%	$30.02	0.0%	COM	58933Y105
AMZN	AMAZON COM INC	2,125	$590K	0.3%	$13.32	0.0%	COM	023135106
AAPL	APPLE, INC	1,460	$578K	0.3%	$13.16	0.0%	COM	037833100
WY	WEYERHAEUSER CO	20,016	$570K	0.3%	$18.73	0.0%	COM	962166104
SIEGY	SIEMENS ADR	5,615	$568K	0.3%	$101.16	—	COM	826197501
GPC	GENUINE PARTS CO COM	7,100	$554K	0.3%	$54.12	0.0%	COM	372460105
—	KANSAS CITY SOUTHERN NEW	5,100	$540K	0.3%	$105.88	—	COM	485170302
NEM	NEWMONT MINING	17,750	$531K	0.3%	$25.34	0.0%	COM	651639106
—	TESORO CORPORATION	10,100	$528K	0.3%	$52.28	—	COM	881609101
WFC	WELLS FARGO & CO NEW	12,494	$515K	0.3%	$27.36	0.0%	COM	949746101
F	FORD MOTOR COMPANY	31,626	$489K	0.3%	$7.61	0.0%	COM	345370860
PH	PARKER-HANNIFIN CORP	5,100	$486K	0.3%	$75.97	0.0%	COM	701094104
GLW	CORNING INC.	33,975	$483K	0.3%	$10.49	0.0%	COM	219350105
—	EATON CORPORATION	7,257	$477K	0.3%	$65.73	—	COM	278058102
BK	BANK OF NEW YORK CO INC	17,000	$476K	0.3%	$21.22	0.0%	COM	064058100
CTAS	CINTAS CORP	10,275	$467K	0.3%	$9.70	0.0%	COM	172908105
—	DR PEPPER SNAPPLE GROUP	10,150	$466K	0.3%	$45.91	—	COM	26138E109
—	PERRIGO CO	3,850	$465K	0.3%	$120.78	—	COM	714290103
—	AIRGAS INC.	4,850	$462K	0.3%	$95.26	—	COM	009363102
GM	GENERAL MOTORS COMPANY COM	13,859	$461K	0.3%	$23.62	0.0%	COM	37045V100
BP	BP PLC	10,844	$452K	0.3%	$41.68	—	COM	055622104
PSX	PHILLIPS 66 COM	7,604	$447K	0.3%	$40.44	0.0%	COM	718546104
GT	GOODYEAR TIRE & RUBBER	28,900	$442K	0.2%	$13.66	0.0%	COM	382550101
IP	INTERNATIONAL PAPER CO	9,916	$439K	0.2%	$25.91	0.0%	COM	460146103
MU	MICRON TECHNOLOGIES	30,400	$435K	0.2%	$10.81	0.0%	COM	595112103
SYK	STRYKER CORP	6,500	$420K	0.2%	$56.92	0.0%	COM	863667101
NRT	NO EUROPEAN OIL TR	17,224	$419K	0.2%	$24.33	—	COM	659310106
—	PROS HOLDING INC COM	13,900	$416K	0.2%	$29.93	—	COM	74346Y103
PFE	PFIZER INC	14,804	$414K	0.2%	$16.46	0.0%	COM	717081103
—	PEABODY ENERGY CORP	28,275	$413K	0.2%	$14.61	—	COM	704549104
—	JOHNSON CONTROLS	11,500	$411K	0.2%	$35.74	—	COM	478366107
—	CHUBB CORPORATION	4,783	$404K	0.2%	$84.47	—	COM	171232101
AMAT	APPLIED MATERIALS INC	26,900	$401K	0.2%	$12.22	0.0%	COM	038222105
MPC	MARATHON PETE CORP COM	5,615	$399K	0.2%	$27.55	0.0%	COM	56585A102
—	E M C CORP MASS	16,650	$393K	0.2%	$23.60	—	COM	268648102
—	BP PRUDHOE BAY ROYALTY	4,000	$385K	0.2%	$96.25	—	COM	055630107
—	ANADARKO PETROLEUM CORP	4,425	$380K	0.2%	$85.88	—	COM	032511107
OXY	OCCIDENTAL PETE CORP	4,245	$378K	0.2%	$57.83	0.0%	COM	674599105
HAL	HALLIBURTON COMPANY	8,986	$374K	0.2%	$33.21	0.0%	COM	406216101
CPB	CAMPBELL SOUP COMPANY	8,350	$373K	0.2%	$30.86	0.0%	COM	134429109
CRUS	CIRRUS LOGIC	21,100	$366K	0.2%	$19.57	0.0%	COM	172755100
PAG	PENSKE AUTOMOTIVE GROUP	11,950	$364K	0.2%	$31.18	0.0%	COM	70959W103
—	NATIONAL-OILWELL VARCO INC COM	5,219	$359K	0.2%	$68.79	—	COM	637071101
INTC	INTEL	14,337	$347K	0.2%	$17.18	0.0%	COM	458140100
PCAR	PACCAR INC	6,400	$343K	0.2%	$21.67	0.0%	COM	693718108
—	AMERITRADE HLDNG CORP CL A	13,750	$333K	0.2%	$24.22	—	COM	87236Y108
CVGW	CALAVO GROWERS INC	11,500	$312K	0.2%	$22.91	0.0%	COM	128246105
—	RALPH LAUREN CORP.	1,800	$312K	0.2%	$173.33	—	COM	731572103
EMR	EMERSON ELECTRIC	56,617	$308K	0.2%	$40.02	0.0%	COM	291011104
CASY	CASEYS GENERAL STORES INC	5,020	$302K	0.2%	$53.46	0.0%	COM	147528103
LUV	SOUTHWEST AIRLINES CO	23,420	$301K	0.2%	$11.86	0.0%	COM	844741108
—	NEWS CORP LTD ADR	9,100	$298K	0.2%	$32.75	—	COM	652487703
ARTNA	ARTESIAN RES CORP CLA	13,325	$296K	0.2%	$15.10	0.0%	COM	043113208
—	ROYAL DUTCH SHELL ADR F	4,648	$296K	0.2%	$63.68	—	COM	780259206
PBR	PETROLEO BRASILERIO ADRF	22,025	$295K	0.2%	$13.39	—	COM	71654V408
AWR	AMERICAN STATES WATER CO	5,450	$292K	0.2%	$21.03	0.0%	COM	029899101
AEP	AMER ELECTRIC PWR CO INC	6,437	$288K	0.2%	$30.44	0.0%	COM	025537101
CTRA	CABOT OIL & GAS	4,000	$284K	0.2%	$24.86	0.0%	COM	127097103
—	NUVEEN TX QLTY INCM MUN	20,200	$283K	0.2%	$14.01	—	COM	670983105
JOE	ST JOE COMPANY	13,350	$281K	0.2%	$20.21	0.0%	COM	790148100
—	ALLERGAN INC	3,300	$277K	0.2%	$83.94	—	COM	018490102
—	ALUMINUM CO OF AMERICA	35,235	$275K	0.2%	$7.80	—	COM	013817101
—	ASHLAND ONC	3,200	$267K	0.2%	$83.44	—	COM	044204105
HBAN	HUNTINGTON BANCSHARES INC	33,516	$263K	0.1%	$4.66	0.0%	COM	446150104
CSX	CSX CORP	11,100	$257K	0.1%	$6.66	0.0%	COM	126408103
BBY	BEST BUY INC	9,350	$255K	0.1%	$16.63	0.0%	COM	086516101
—	ENERGEN CORP	4,800	$250K	0.1%	$52.08	—	COM	29265N108
—	HOLLYFRONTIER CORP COM	5,572	$238K	0.1%	$42.71	—	COM	435758305
TTYP	TRINTIY PETE TRUST CBI	1,816	$236K	0.1%	$129.96	—	COM	896556107
TRN	TRINITY INDUSTRIES INC	6,100	$234K	0.1%	$10.24	0.0%	COM	896522109
SHW	SHERWIN WILLIAMS CO	1,300	$229K	0.1%	$53.48	0.0%	COM	824348106
KEY	KEYCORP	19,925	$219K	0.1%	$6.48	0.0%	COM	493267108
—	ALEXANDER & BALDWIN INC	5,500	$218K	0.1%	$39.64	—	COM	014482103
—	XEROX CORP	23,634	$214K	0.1%	$9.05	—	COM	984121103
—	PANTRY INC.	17,100	$208K	0.1%	$12.16	—	COM	698657103
AMGN	AMGEN INC	2,100	$207K	0.1%	$73.34	0.0%	COM	031162100
—	BANCORP SOUTH CM	11,515	$203K	0.1%	$17.63	—	COM	059692103
USB	US BANCORP DEL	5,600	$202K	0.1%	$22.41	0.0%	COM	902973304
—	DENNYS CORP	32,500	$182K	0.1%	$5.60	—	COM	24869P104
—	BROCADE COMMUNS SYS INC	30,800	$177K	0.1%	$5.75	—	COM	111621306
—	DELL COMPUTER CORP.	12,154	$161K	0.1%	$13.25	—	COM	24702R101
—	FERRO CORP	22,800	$158K	0.1%	$6.93	—	COM	315405100
—	ANGLOGOLD LTD	11,050	$158K	0.1%	$14.30	—	COM	035128206
RF	REGIONS FINANCIAL CP NEW	16,061	$153K	0.1%	$5.80	0.0%	COM	7591EP100
MWA	MUELLER WATER PRODUCTS	22,000	$152K	0.1%	$5.51	0.0%	COM	624758108
ACCO	ACCO BRANDS CORP COM	23,016	$146K	0.1%	$4.71	0.0%	COM	00081T108
—	PDL BIOPHARMA INC	10,950	$84,000	0.0%	$7.67	—	COM	69329Y104
—	TELLABS INC	13,700	$27,000	0.0%	$1.97	—	COM	879664100