Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GWW	GRAINGER WW INC	23,551	$7.263M	3.1%	$201.89	+33.5%	COM	384802104
—	PRAXAIR INC.	34,727	$5.492M	2.4%	$115.15	—	COM	74005P104
MA	MASTERCARD INC	27,681	$5.439M	2.3%	$70.62	+155.3%	COM	57636Q104
XOM	EXXON MOBIL CORP	62,926	$5.205M	2.2%	$54.15	+3.7%	COM	30231G102
SBUX	STARBUCKS CORP	96,269	$4.702M	2.0%	$32.51	+47.9%	COM	855244109
CVX	CHEVRONTEXACO CORP	34,541	$4.367M	1.9%	$73.81	+20.8%	COM	166764100
ADP	AUTO DATA PROCESSING	30,874	$4.141M	1.8%	$46.19	+133.3%	COM	053015103
TXN	TEXAS INSTRUMENTS INC	36,876	$4.065M	1.8%	$25.31	+244.9%	COM	882508104
APD	AIR PRODUCTS & CHEMICALS	25,092	$3.907M	1.7%	$65.22	+107.9%	COM	009158106
PEP	PEPSICO INCORPORATED	34,587	$3.765M	1.6%	$56.24	+45.3%	COM	713448108
SYY	SYSCO CORP.	54,931	$3.751M	1.6%	$24.48	+113.5%	COM	871829107
JNJ	JOHNSON & JOHNSON	30,373	$3.685M	1.6%	$59.93	+68.0%	COM	478160104
HSY	HERSHEY FOODS CORP	38,520	$3.584M	1.5%	$65.77	+18.3%	COM	427866108
BR	BROADRIDGE FINANCIAL	30,500	$3.51M	1.5%	$20.36	+386.9%	COM	11133T103
IFF	INTL FLAVOR & FRAGRANCES	27,751	$3.44M	1.5%	$58.56	+82.8%	COM	459506101
EMR	EMERSON ELECTRIC	49,705	$3.436M	1.5%	$41.26	+42.2%	COM	291011104
TSCO	TRACTOR SUPPLY COMPANY	42,865	$3.278M	1.4%	$9.94	+24.4%	COM	892356106
ABBV	ABBVIE INC COM	35,280	$3.268M	1.4%	$26.65	+164.6%	COM	00287Y109
MSFT	MICROSOFT CORP	28,831	$2.843M	1.2%	$27.57	+225.5%	COM	594918104
A	AGILENT TECHNOLOGIES	45,701	$2.826M	1.2%	$28.57	+116.0%	COM	00846U101
BF/B	BROWN FORMAN CORP CL B	56,701	$2.778M	1.2%	$31.39	+53.5%	COM	115637209
ASIX	ADVANSIX INC COM	74,876	$2.742M	1.2%	$16.41	+108.7%	COM	00773T101
UNP	UNION PACIFIC CORP	19,351	$2.741M	1.2%	$65.83	+78.8%	COM	907818108
—	WESTROCK CO COM	47,027	$2.681M	1.2%	$51.44	—	COM	96145D105
MKC	MC CORMICK & CO NEW VT	22,015	$2.555M	1.1%	$29.12	+56.0%	COM	579780206
KMB	KIMBERLY-CLARK CORP	22,952	$2.417M	1.0%	$63.26	+25.5%	COM	494368103
FIS	FIDELITY NATL INFO SVCS	22,479	$2.383M	1.0%	$35.22	+151.0%	COM	31620M106
VLO	VALERO ENERGY	21,150	$2.344M	1.0%	$24.23	+240.6%	COM	91913Y100
GRC	GORMAN-RUPP CO COM	66,009	$2.31M	1.0%	$25.45	+28.2%	COM	383082104
ABT	ABBOTT LABORATORIES	37,572	$2.291M	1.0%	$28.96	+83.6%	COM	002824100
—	VERSUM MATLS INC COM	61,640	$2.289M	1.0%	$28.07	—	COM	92532W103
SON	SONOCO PRODUCTS INC	42,653	$2.239M	1.0%	$27.12	+45.8%	COM	835495102
MIDD	MIDDLEBY CORP THE	21,050	$2.198M	0.9%	$72.85	+55.4%	COM	596278101
—	INGERSOLL-RAND COMPANY	24,485	$2.197M	0.9%	$55.52	—	COM	G47791101
DRI	DARDEN RESTURANTS INC	20,450	$2.189M	0.9%	$31.30	+136.9%	COM	237194105
—	BUNGE	29,642	$2.066M	0.9%	$69.85	—	COM	G16962105
EL	LAUDER ESTEE CORP CL A	14,422	$2.057M	0.9%	$58.38	+130.3%	COM	518439104
AAPL	APPLE, INC	11,112	$2.056M	0.9%	$19.39	+120.5%	COM	037833100
DIS	DISNEY WALT HOLDING CO	18,473	$1.936M	0.8%	$57.99	+67.6%	COM	254687106
CPK	CHESAPEAKE UTIL CORP	24,001	$1.918M	0.8%	$30.02	+120.1%	COM	165303108
MMM	3M COMPANY	9,285	$1.826M	0.8%	$61.68	+111.0%	COM	88579Y101
—	NEENAH PAPER INC	20,876	$1.771M	0.8%	$32.13	—	COM	640079109
KEX	KIRBY CORP	21,001	$1.755M	0.8%	$78.32	+10.8%	COM	497266106
HD	HOME DEPOT INC	8,818	$1.72M	0.7%	$56.73	+173.2%	COM	437076102
OLN	OLIN CORP NEW	59,625	$1.712M	0.7%	$16.91	+48.3%	COM	680665205
AIT	APPLIED INDL. TECH.	23,650	$1.659M	0.7%	$40.43	+57.8%	COM	03820C105
AVT	AVNET INC	38,025	$1.63M	0.7%	$25.85	+30.1%	COM	053807103
NSC	NORFOLK SOUTHERN CORP	10,690	$1.612M	0.7%	$57.67	+117.2%	COM	655844108
—	ROWAN COMPANIES	97,569	$1.582M	0.7%	$33.97	—	COM	779382100
DE	DEERE & CO	11,250	$1.572M	0.7%	$68.19	+92.6%	COM	244199105
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,949	$1.531M	0.7%	$31.97	+73.8%	COM	49338L103
CE	CELANESE CORP.	13,300	$1.477M	0.6%	$46.08	+106.9%	COM	150870103
GAP	GAP INC	45,600	$1.476M	0.6%	$26.04	-9.8%	COM	364760108
HON	HONEYWELL INC.	10,247	$1.476M	0.6%	$54.09	+110.0%	COM	438516106
MSA	MINE SAFTEY APPLIANCE CO	15,250	$1.469M	0.6%	$54.90	+64.6%	COM	553498106
KO	COCA-COLA COMPANY	32,828	$1.439M	0.6%	$27.91	+21.9%	COM	191216100
NTRS	NORTHERN TRUST CORP	13,983	$1.438M	0.6%	$40.63	+107.6%	COM	665859104
AIN	ALBANY INT'L CORP.	23,700	$1.425M	0.6%	$31.74	+77.7%	COM	012348108
CTAS	CINTAS CORP	7,601	$1.406M	0.6%	$9.70	+329.6%	COM	172908105
GIS	GENERAL MILLS INC	31,315	$1.386M	0.6%	$32.05	+4.3%	COM	370334104
—	STERIS PLC	13,176	$1.383M	0.6%	$55.99	—	COM	859152100
OKE	ONEOK, INC	19,699	$1.375M	0.6%	$19.60	+102.9%	COM	682680103
COST	COSTCO WHOLSALE CORP NEW	6,141	$1.283M	0.6%	$86.56	+105.4%	COM	22160K105
CASY	CASEYS GENERAL STORES INC	12,155	$1.277M	0.6%	$64.27	+49.1%	COM	147528103
COP	CONOCOPHILLIPS	17,962	$1.25M	0.5%	$42.93	+20.7%	COM	20825C104
AXP	AMERICAN EXPRESS CO.	12,660	$1.24M	0.5%	$62.75	+41.2%	COM	025816109
ADI	ANALOG DEVICES INC	12,884	$1.235M	0.5%	$34.29	+138.9%	COM	032654105
LOW	LOWES COMPANIES INC	12,704	$1.214M	0.5%	$32.55	+141.8%	COM	548661107
CAT	CATERPILLAR INC	8,703	$1.18M	0.5%	$63.39	+99.6%	COM	149123101
ATO	ATMOS ENERGY CORP	12,776	$1.151M	0.5%	$31.05	+132.2%	COM	049560105
TKR	TIMKEN COMPANY	24,700	$1.075M	0.5%	$39.56	+17.9%	COM	887389104
MET	METLIFE INC	24,607	$1.072M	0.5%	$26.65	+34.8%	COM	59156R108
MUR	MURPHY OIL CORP	31,370	$1.059M	0.5%	$34.50	-32.2%	COM	626717102
NEM	NEWMONT MINING	28,026	$1.056M	0.5%	$21.31	+47.1%	COM	651639106
BMY	BRISTOL MYERS SQUIBB CO	18,633	$1.031M	0.4%	$29.05	+39.9%	COM	110122108
AMAT	APPLIED MATERIALS INC	21,900	$1.011M	0.4%	$12.71	+271.7%	COM	038222105
—	DOWDUPONT INC COM	15,060	$992K	0.4%	$69.19	—	COM	26078J100
—	ANDEAVOR COM	7,500	$983K	0.4%	$103.06	—	COM	03349M105
SR	SPIRE	13,900	$982K	0.4%	$70.79	—	COM	84857L101
CVGW	CALAVO GROWERS INC	10,200	$980K	0.4%	$25.96	+209.5%	COM	128246105
HP	HELMERICH & PAYNE INC	15,300	$975K	0.4%	$63.04	+7.9%	COM	423452101
—	UNITED TECHNOLOGIES CORP	7,740	$967K	0.4%	$93.92	—	COM	913017109
BHF	BRIGHTHOUSE FINL INC COM	23,786	$953K	0.4%	$59.13	-18.6%	COM	10922N103
—	DR PEPPER SNAPPLE GROUP	7,800	$951K	0.4%	$48.04	—	COM	26138E109
SLB	SCHLUMBERGER LTD F	14,103	$945K	0.4%	$53.97	+2.1%	COM	806857108
—	CHUBB CORPORATION	7,378	$937K	0.4%	$91.28	—	COM	171232101
FELE	FRANKLIN ELEC CO INC	20,600	$929K	0.4%	$28.98	+42.1%	COM	353514102
SWK	STANLEY BLACK & DECKER INC.	6,990	$928K	0.4%	$57.30	+102.4%	COM	854502101
SYK	STRYKER CORP	5,500	$928K	0.4%	$56.92	+171.9%	COM	863667101
—	21ST CENT FOX Cl A	18,000	$894K	0.4%	$33.49	—	COM	90130A101
VZ	VERIZON COMM	16,384	$824K	0.4%	$27.31	+17.9%	COM	92343V104
—	EATON CORPORATION	10,502	$784K	0.3%	$65.26	—	COM	278058102
D	DOMINION RESOURCES INC.	11,500	$784K	0.3%	$34.53	+34.3%	COM	25746U109
BK	BANK OF NEW YORK CO INC	14,100	$760K	0.3%	$21.22	+110.0%	COM	064058100
—	CDK GLOBAL HOLDINGS LLC COM	11,609	$755K	0.3%	$41.70	—	COM	12508E101
ENB	ENBRIDGE INC.	21,026	$750K	0.3%	$24.73	-20.0%	COM	29250N105
ATI	ALLEGHENY TECH INC	29,600	$743K	0.3%	$16.62	+62.8%	COM	01741R102
GLW	CORNING INC.	26,125	$718K	0.3%	$10.57	+111.8%	COM	219350105
—	DUKE ENERGY CORPORATION	8,890	$703K	0.3%	$67.96	—	COM	26441C105
DOV	DOVER CORPORATION	9,525	$697K	0.3%	$40.99	+65.9%	COM	260003108
NGVT	INGEVITY CORP COM	8,326	$673K	0.3%	$30.20	+163.2%	COM	45688C107
—	AMERITRADE HLDNG CORP CL A	12,250	$670K	0.3%	$24.54	—	COM	87236Y108
PH	PARKER-HANNIFIN CORP	4,300	$670K	0.3%	$75.97	+100.0%	COM	701094104
PSX	PHILLIPS 66 COM	5,881	$660K	0.3%	$40.67	+104.4%	COM	718546104
MUSA	MURPHY USA INC.	8,693	$645K	0.3%	$40.01	+67.8%	COM	626755102
CSX	CSX CORP	9,900	$631K	0.3%	$6.91	+169.1%	COM	126408103
MRK	MERCK & CO INC	10,272	$623K	0.3%	$30.02	+48.3%	COM	58933Y105
MPC	MARATHON PETE CORP COM	8,726	$612K	0.3%	$32.11	+86.9%	COM	56585A102
—	GOOGLE INC.	522	$589K	0.3%	$590.63	—	COM	38259P508
INTC	INTEL	11,588	$576K	0.2%	$17.42	+158.6%	COM	458140100
ALLE	ALLEGION PUBLIC LTD. CO.	7,401	$572K	0.2%	$38.80	+87.8%	COM	G0176J109
GPC	GENUINE PARTS CO COM	5,960	$547K	0.2%	$55.02	+32.9%	COM	372460105
PFE	PFIZER INC	14,649	$531K	0.2%	$16.91	+43.8%	COM	717081103
—	KANSAS CITY SOUTHERN NEW	4,800	$508K	0.2%	$106.53	—	COM	485170302
—	CREE INC	12,200	$507K	0.2%	$63.79	—	COM	225447101
WFC	WELLS FARGO & CO NEW	8,992	$498K	0.2%	$27.89	+55.4%	COM	949746101
GT	GOODYEAR TIRE & RUBBER	21,200	$493K	0.2%	$14.11	+82.1%	COM	382550101
—	NOBLE ENERGY INC.	13,166	$464K	0.2%	$55.82	—	COM	655044105
FLR	FLUOR CORPORATION	9,400	$458K	0.2%	$53.56	-7.2%	COM	343412102
FARM	FARMER BROS. CO.	14,900	$455K	0.2%	$33.02	-12.8%	COM	307675108
CPB	CAMPBELL SOUP COMPANY	11,084	$449K	0.2%	$30.19	0.0%	COM	134429109
SHW	SHERWIN WILLIAMS CO	1,100	$448K	0.2%	$53.48	+126.1%	COM	824348106
NTR	NUTRIEN LTD CO COM	8,200	$445K	0.2%	$38.37	-0.1%	COM	67077M108
ICE	INTERCONTINENTAL EXCHANGE	6,000	$441K	0.2%	$46.42	+42.2%	COM	45866F104
CMA	COMERICA INC.	4,766	$433K	0.2%	$34.93	+93.0%	COM	200340107
ARTNA	ARTESIAN RES CORP CLA	11,150	$432K	0.2%	$15.13	+100.8%	COM	043113208
PAG	PENSKE AUTOMOTIVE GROUP	9,100	$426K	0.2%	$31.34	+50.5%	COM	70959W103
IP	INTERNATIONAL PAPER CO	8,175	$425K	0.2%	$26.86	+35.3%	COM	460146103
BP	BP PLC	9,320	$425K	0.2%	$41.74	—	COM	055622104
AWR	AMERICAN STATES WATER CO	7,100	$405K	0.2%	$21.56	+122.8%	COM	029899101
HAL	HALLIBURTON COMPANY	8,733	$393K	0.2%	$33.33	+27.9%	COM	406216101
—	MEREDITH CORP.	7,700	$392K	0.2%	$47.73	—	COM	589433101
IBM	INTL BUSINESS MACHINES	2,786	$389K	0.2%	$118.79	-15.9%	COM	459200101
—	ANADARKO PETROLEUM CORP	5,288	$387K	0.2%	$78.53	—	COM	032511107
OGS	ONE GAS INC COM	4,933	$368K	0.2%	$38.82	+83.2%	COM	68235P108
—	DENNYS CORP	22,500	$358K	0.2%	$5.70	—	COM	24869P104
HBAN	HUNTINGTON BANCSHARES INC	24,126	$356K	0.2%	$4.74	+123.7%	COM	446150104
PCAR	PACCAR INC	5,700	$353K	0.2%	$22.31	+43.1%	COM	693718108
RIG	TRANSOCEAN SEDCO FOREX	26,052	$350K	0.2%	$48.22	-74.5%	COM	H8817H100
CFR	CULLEN FROST BANKERS	3,200	$346K	0.1%	$53.82	+66.9%	COM	229899109
—	HOLLYFRONTIER CORP COM	5,044	$345K	0.1%	$51.15	—	COM	435758305
—	FERRO CORP	16,426	$342K	0.1%	$7.54	—	COM	315405100
—	MARATHON OIL CO.	16,380	$341K	0.1%	$31.90	—	COM	565849106
—	TWENTY FIRST CENTURY FOX INC CLASS B COM	6,800	$335K	0.1%	$33.29	—	COM	90130A200
AGI	ALAMOS GOLD INC.	58,862	$334K	0.1%	$6.15	-15.7%	COM	011532108
OXY	OCCIDENTAL PETE CORP	3,918	$327K	0.1%	$57.79	+14.8%	COM	674599105
—	PROS HOLDING INC COM	8,900	$325K	0.1%	$29.57	—	COM	74346Y103
—	BANCORP SOUTH CM	9,500	$313K	0.1%	$22.44	—	COM	059692103
KEY	KEYCORP	15,966	$311K	0.1%	$6.48	+115.8%	COM	493267108
F	FORD MOTOR COMPANY	27,850	$308K	0.1%	$7.77	-0.4%	COM	345370860
AEP	AMER ELECTRIC PWR CO INC	4,420	$306K	0.1%	$30.99	+66.1%	COM	025537101
—	ROYAL DUTCH SHELL ADR F	4,316	$298K	0.1%	$66.50	—	COM	780259206
AMGN	AMGEN INC	1,580	$291K	0.1%	$74.12	+89.2%	COM	031162100
VVV	VALVOLINE INC.	13,501	$291K	0.1%	$23.39	-9.6%	COM	92047W101
PNC	PNC BANK CORP	2,146	$289K	0.1%	$63.28	+76.3%	COM	693475105
ZION	ZIONS BANCORPORATION COM	5,500	$289K	0.1%	$41.18	+34.0%	COM	989701107
—	XEROX CORP	12,058	$289K	0.1%	$10.63	—	COM	984121103
AEM	AGNICO-EAGLE MINES LTD	6,200	$284K	0.1%	$37.52	0.0%	COM	008474108
—	HESS CORPORATION	4,200	$280K	0.1%	$50.48	—	COM	42809H107
USB	US BANCORP DEL	5,600	$280K	0.1%	$22.41	+66.2%	COM	902973304
AZN	ASTRAZENECA PLC ADR	7,900	$277K	0.1%	$43.84	—	COM	046353108
—	ENERGEN CORP	3,800	$276K	0.1%	$54.62	—	COM	29265N108
AVY	AVERY DENNISON CORP	2,700	$275K	0.1%	$66.26	+39.3%	COM	053611109
BDX	BECTON DICKINSON & CO	1,140	$273K	0.1%	$138.32	+43.5%	COM	075887109
—	PIONEER NATURAL RES CO	1,400	$264K	0.1%	$125.30	—	COM	723787107
NRT	NO EUROPEAN OIL TR	32,369	$261K	0.1%	$17.28	—	COM	659310106
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$256K	0.1%	$35.00	—	COM	007800105
—	CIMAREX ENERGY CO	2,500	$254K	0.1%	$96.40	—	COM	171798101
—	ASHLAND INC	3,200	$250K	0.1%	$119.62	—	COM	044209104
PRK	PARK NATIONAL CORP	2,150	$239K	0.1%	$90.93	+23.0%	COM	700658107
NEE	NEXTERA ENERGY INC	1,430	$238K	0.1%	$27.54	+21.3%	COM	65339F101
—	RALPH LAUREN CORP.	1,800	$226K	0.1%	$111.67	—	COM	731572103
RF	REGIONS FINANCIAL CP NEW	12,608	$224K	0.1%	$5.82	+137.1%	COM	7591EP100
—	DIAMOND OFFSHR DRILLING	10,766	$224K	0.1%	$68.30	—	COM	25271C102
SCHW	THE CHARLES SCHWAB CORP	4,400	$224K	0.1%	$42.12	+18.3%	COM	808513105
MATX	MATSON INC COM	5,800	$222K	0.1%	$29.11	0.0%	COM	57686G105
MWA	MUELLER WATER PRODUCTS	19,000	$222K	0.1%	$5.84	+67.9%	COM	624758108
—	NUVEEN TX QLTY INCM MUN	17,300	$221K	0.1%	$13.90	—	COM	670983105
ALEX	ALEXANDER & BALDWIN INC	9,379	$220K	0.1%	$23.12	—	COM	014491104
STLD	STEEL DYNAMICS INC	4,800	$220K	0.1%	$39.00	+3.2%	COM	858119100
EXPD	EXPEDITORS INTL WASH	2,900	$211K	0.1%	$63.65	0.0%	COM	302130109
—	KELLOGG COMPANY	2,960	$206K	0.1%	$44.96	0.0%	COM	487836108
—	BARNES GROUP INC	3,400	$200K	0.1%	$51.25	—	COM	067806109
PBT	PERMIAN BASIN ROYALTY TR	19,900	$185K	0.1%	$12.16	—	COM	714236106
MTUS	TIMKENSTEEL CORP COM	11,200	$183K	0.1%	$36.27	-52.8%	COM	887399103
—	ANGLOGOLD LTD	22,240	$182K	0.1%	$14.30	—	COM	035128206
—	GOLDCORP INC NEW	11,000	$150K	0.1%	$24.48	—	COM	380956409
KGC	KINROSS GOLD CORP NEW	38,773	$145K	0.1%	$3.94	-4.7%	COM	496902404
—	BARRICK GOLD	10,381	$136K	0.1%	$14.45	—	COM	067901108
—	INTEVAC INC	24,000	$116K	0.0%	$12.12	—	COM	461148108
PBR	PETROLEO BRASILERIO ADRF	10,575	$106K	0.0%	$13.47	—	COM	71654V408
IAG	IAMGOLD CORPORATION	15,760	$91,000	0.0%	$3.54	+62.5%	COM	450913108
XPL	SOLITARIO EXPLORATION	203,000	$87,000	0.0%	$1.31	-66.7%	COM	8342EP107
HL	HECLA MINING	12,500	$43,000	0.0%	$2.97	+23.4%	COM	422704106
—	YAMANA GOLD INC	10,000	$29,000	0.0%	$5.83	—	COM	98462Y100
—	STEIN MART INC	10,800	$26,000	0.0%	$1.61	—	COM	858375108
—	GOLDEN STAR RES LTD CDAF	10,000	$6,000	0.0%	$0.21	—	COM	38119T104