Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GWW	GRAINGER WW INC	23,441	$8.378M	3.4%	$201.89	+54.4%	COM	384802104
MA	MASTERCARD INC	27,681	$6.162M	2.5%	$70.62	+183.7%	COM	57636Q104
—	PRAXAIR INC.	34,692	$5.576M	2.3%	$115.15	—	COM	74005P104
SBUX	STARBUCKS CORP	95,869	$5.449M	2.2%	$32.51	+38.6%	COM	855244109
XOM	EXXON MOBIL CORP	63,126	$5.367M	2.2%	$54.15	+7.5%	COM	30231G102
ADP	AUTO DATA PROCESSING	30,749	$4.632M	1.9%	$46.19	+161.6%	COM	053015103
CVX	CHEVRONTEXACO CORP	34,741	$4.248M	1.7%	$73.81	+19.1%	COM	166764100
APD	AIR PRODUCTS & CHEMICALS	25,067	$4.187M	1.7%	$65.22	+108.5%	COM	009158106
JNJ	JOHNSON & JOHNSON	30,223	$4.175M	1.7%	$59.93	+80.3%	COM	478160104
SYY	SYSCO CORP.	55,031	$4.031M	1.6%	$24.48	+142.1%	COM	871829107
BR	BROADRIDGE FINANCIAL	29,850	$3.938M	1.6%	$20.36	+449.3%	COM	11133T103
TXN	TEXAS INSTRUMENTS INC	36,576	$3.924M	1.6%	$25.31	+256.6%	COM	882508104
HSY	HERSHEY FOODS CORP	38,370	$3.913M	1.6%	$65.77	+26.3%	COM	427866108
IFF	INTL FLAVOR & FRAGRANCES	27,651	$3.846M	1.6%	$58.56	+85.0%	COM	459506101
PEP	PEPSICO INCORPORATED	34,087	$3.81M	1.5%	$56.24	+60.6%	COM	713448108
EMR	EMERSON ELECTRIC	49,505	$3.791M	1.5%	$41.26	+50.2%	COM	291011104
TSCO	TRACTOR SUPPLY COMPANY	41,465	$3.768M	1.5%	$9.94	+49.5%	COM	892356106
ABBV	ABBVIE INC COM	35,180	$3.327M	1.3%	$26.65	+159.6%	COM	00287Y109
UNP	UNION PACIFIC CORP	19,951	$3.248M	1.3%	$67.70	+88.8%	COM	907818108
MSFT	MICROSOFT CORP	28,106	$3.214M	1.3%	$27.57	+265.6%	COM	594918104
A	AGILENT TECHNOLOGIES	45,201	$3.188M	1.3%	$28.57	+119.6%	COM	00846U101
MKC	MC CORMICK & CO NEW VT	21,465	$2.828M	1.1%	$29.12	+84.2%	COM	579780206
BF/B	BROWN FORMAN CORP CL B	54,874	$2.773M	1.1%	$31.39	+46.2%	COM	115637209
ABT	ABBOTT LABORATORIES	37,472	$2.748M	1.1%	$28.96	+99.7%	COM	002824100
MIDD	MIDDLEBY CORP THE	20,150	$2.606M	1.1%	$72.85	+56.6%	COM	596278101
KMB	KIMBERLY-CLARK CORP	22,877	$2.599M	1.0%	$63.26	+36.8%	COM	494368103
—	INGERSOLL-RAND COMPANY	24,985	$2.555M	1.0%	$56.45	—	COM	G47791101
ASIX	ADVANSIX INC COM	74,276	$2.521M	1.0%	$16.41	+99.9%	COM	00773T101
AAPL	APPLE, INC	11,111	$2.508M	1.0%	$19.39	+154.1%	COM	037833100
—	WESTROCK CO COM	46,627	$2.491M	1.0%	$51.44	—	COM	96145D105
VLO	VALERO ENERGY	21,450	$2.439M	1.0%	$25.07	+235.9%	COM	91913Y100
FIS	FIDELITY NATL INFO SVCS	22,342	$2.436M	1.0%	$35.22	+166.6%	COM	31620M106
SON	SONOCO PRODUCTS INC	42,653	$2.367M	1.0%	$27.12	+59.2%	COM	835495102
GRC	GORMAN-RUPP CO COM	64,028	$2.337M	0.9%	$25.45	+44.3%	COM	383082104
DRI	DARDEN RESTURANTS INC	20,250	$2.251M	0.9%	$31.30	+193.5%	COM	237194105
—	VERSUM MATLS INC COM	61,090	$2.199M	0.9%	$28.07	—	COM	92532W103
DIS	DISNEY WALT HOLDING CO	18,473	$2.16M	0.9%	$57.99	+83.8%	COM	254687106
EL	LAUDER ESTEE CORP CL A	14,422	$2.095M	0.8%	$58.38	+116.6%	COM	518439104
—	BUNGE	29,542	$2.029M	0.8%	$69.85	—	COM	G16962105
CPK	CHESAPEAKE UTIL CORP	24,101	$2.022M	0.8%	$30.02	+146.4%	COM	165303108
MMM	3M COMPANY	9,135	$1.924M	0.8%	$61.68	+114.3%	COM	88579Y101
NSC	NORFOLK SOUTHERN CORP	10,455	$1.887M	0.8%	$57.67	+155.2%	COM	655844108
—	ROWAN COMPANIES	99,969	$1.882M	0.8%	$33.61	—	COM	779382100
AIT	APPLIED INDL. TECH.	23,200	$1.815M	0.7%	$40.43	+69.2%	COM	03820C105
AIN	ALBANY INT'L CORP.	22,700	$1.804M	0.7%	$31.74	+108.3%	COM	012348108
—	NEENAH PAPER INC	20,876	$1.801M	0.7%	$32.13	—	COM	640079109
HD	HOME DEPOT INC	8,618	$1.785M	0.7%	$56.73	+196.1%	COM	437076102
DE	DEERE & CO	11,550	$1.736M	0.7%	$69.76	+84.4%	COM	244199105
KEX	KIRBY CORP	21,001	$1.727M	0.7%	$78.32	+7.1%	COM	497266106
AVT	AVNET INC	38,025	$1.702M	0.7%	$25.85	+48.0%	COM	053807103
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,449	$1.686M	0.7%	$31.97	+94.1%	COM	49338L103
HON	HONEYWELL INC.	9,947	$1.655M	0.7%	$54.09	+124.8%	COM	438516106
MSA	MINE SAFTEY APPLIANCE CO	14,750	$1.569M	0.6%	$54.90	+83.9%	COM	553498106
CASY	CASEYS GENERAL STORES INC	11,955	$1.543M	0.6%	$64.27	+70.1%	COM	147528103
OLN	OLIN CORP NEW	59,575	$1.529M	0.6%	$16.91	+40.9%	COM	680665205
—	STERIS PLC	13,176	$1.507M	0.6%	$55.99	—	COM	859152100
KO	COCA-COLA COMPANY	32,228	$1.488M	0.6%	$27.91	+30.1%	COM	191216100
CE	CELANESE CORP.	13,000	$1.482M	0.6%	$46.08	+116.0%	COM	150870103
CTAS	CINTAS CORP	7,401	$1.463M	0.6%	$9.70	+393.3%	COM	172908105
LOW	LOWES COMPANIES INC	12,304	$1.412M	0.6%	$32.55	+179.7%	COM	548661107
NTRS	NORTHERN TRUST CORP	13,683	$1.397M	0.6%	$40.63	+110.7%	COM	665859104
COST	COSTCO WHOLSALE CORP NEW	5,941	$1.395M	0.6%	$86.56	+134.7%	COM	22160K105
COP	CONOCOPHILLIPS	17,512	$1.355M	0.5%	$42.93	+31.3%	COM	20825C104
AXP	AMERICAN EXPRESS CO.	12,360	$1.316M	0.5%	$62.75	+50.0%	COM	025816109
OKE	ONEOK, INC	19,399	$1.315M	0.5%	$19.60	+118.2%	COM	682680103
GIS	GENERAL MILLS INC	30,615	$1.313M	0.5%	$32.05	+9.1%	COM	370334104
CAT	CATERPILLAR INC	8,503	$1.296M	0.5%	$63.39	+90.1%	COM	149123101
GAP	GAP INC	43,950	$1.267M	0.5%	$26.04	-11.4%	COM	364760108
GT	GOODYEAR TIRE & RUBBER	52,800	$1.234M	0.5%	$19.73	+19.1%	COM	382550101
TKR	TIMKEN COMPANY	24,700	$1.231M	0.5%	$39.56	+19.3%	COM	887389104
ATO	ATMOS ENERGY CORP	12,476	$1.171M	0.5%	$31.05	+148.8%	COM	049560105
ADI	ANALOG DEVICES INC	12,584	$1.163M	0.5%	$34.29	+144.4%	COM	032654105
BMY	BRISTOL MYERS SQUIBB CO	18,633	$1.156M	0.5%	$29.05	+54.8%	COM	110122108
—	ANDEAVOR COM	7,500	$1.151M	0.5%	$103.06	—	COM	03349M105
MET	METLIFE INC	23,982	$1.12M	0.5%	$26.65	+33.3%	COM	59156R108
—	UNITED TECHNOLOGIES CORP	7,490	$1.047M	0.4%	$93.92	—	COM	913017109
MUR	MURPHY OIL CORP	31,370	$1.045M	0.4%	$34.50	-29.6%	COM	626717102
BHF	BRIGHTHOUSE FINL INC COM	23,236	$1.027M	0.4%	$59.13	-28.8%	COM	10922N103
HP	HELMERICH & PAYNE INC	14,900	$1.024M	0.4%	$63.04	+1.3%	COM	423452101
SR	SPIRE	13,900	$1.022M	0.4%	$70.79	—	COM	84857L101
SWK	STANLEY BLACK & DECKER INC.	6,790	$994K	0.4%	$57.30	+101.0%	COM	854502101
FELE	FRANKLIN ELEC CO INC	20,600	$973K	0.4%	$28.98	+53.3%	COM	353514102
—	CHUBB CORPORATION	7,258	$969K	0.4%	$91.28	—	COM	171232101
SYK	STRYKER CORP	5,400	$959K	0.4%	$56.92	+176.8%	COM	863667101
CVGW	CALAVO GROWERS INC	9,800	$946K	0.4%	$25.96	+228.8%	COM	128246105
—	DOWDUPONT INC COM	14,548	$935K	0.4%	$69.19	—	COM	26078J100
—	EATON CORPORATION	10,502	$910K	0.4%	$65.26	—	COM	278058102
GLW	CORNING INC.	25,425	$897K	0.4%	$10.57	+150.6%	COM	219350105
ATI	ALLEGHENY TECH INC	29,600	$874K	0.4%	$16.62	+61.8%	COM	01741R102
VZ	VERIZON COMM	16,384	$874K	0.4%	$27.31	+30.5%	COM	92343V104
DOV	DOVER CORPORATION	9,725	$860K	0.3%	$41.67	+77.1%	COM	260003108
SLB	SCHLUMBERGER LTD F	14,103	$859K	0.3%	$53.97	-3.6%	COM	806857108
NEM	NEWMONT MINING	28,026	$846K	0.3%	$21.31	+27.0%	COM	651639106
NGVT	INGEVITY CORP COM	8,260	$841K	0.3%	$30.20	+219.7%	COM	45688C107
—	21ST CENT FOX Cl A	18,000	$833K	0.3%	$33.49	—	COM	90130A101
AMAT	APPLIED MATERIALS INC	21,450	$829K	0.3%	$12.71	+220.2%	COM	038222105
PH	PARKER-HANNIFIN CORP	4,300	$790K	0.3%	$75.97	+102.2%	COM	701094104
D	DOMINION RESOURCES INC.	11,100	$780K	0.3%	$34.53	+47.7%	COM	25746U109
MRK	MERCK & CO INC	10,672	$757K	0.3%	$30.79	+64.5%	COM	58933Y105
MUSA	MURPHY USA INC.	8,693	$742K	0.3%	$40.01	+100.5%	COM	626755102
CSX	CSX CORP	9,900	$733K	0.3%	$6.91	+212.3%	COM	126408103
—	CDK GLOBAL HOLDINGS LLC COM	11,676	$730K	0.3%	$41.70	—	COM	12508E101
BK	BANK OF NEW YORK CO INC	14,100	$718K	0.3%	$21.22	+101.3%	COM	064058100
—	DUKE ENERGY CORPORATION	8,857	$708K	0.3%	$67.96	—	COM	26441C105
MPC	MARATHON PETE CORP COM	8,726	$697K	0.3%	$32.11	+94.7%	COM	56585A102
ALLE	ALLEGION PUBLIC LTD. CO.	7,501	$679K	0.3%	$39.31	+95.7%	COM	G0176J109
PFE	PFIZER INC	15,049	$663K	0.3%	$17.19	+60.8%	COM	717081103
PSX	PHILLIPS 66 COM	5,881	$662K	0.3%	$40.67	+111.6%	COM	718546104
ENB	ENBRIDGE INC.	20,290	$655K	0.3%	$24.73	-11.2%	COM	29250N105
—	GOOGLE INC.	522	$630K	0.3%	$590.63	—	COM	38259P508
—	AMERITRADE HLDNG CORP CL A	11,850	$626K	0.3%	$24.54	—	COM	87236Y108
—	OWENS ILLINOIS INC NEW	32,700	$614K	0.2%	$18.78	—	COM	690768403
GPC	GENUINE PARTS CO COM	5,960	$592K	0.2%	$55.02	+43.9%	COM	372460105
INTC	INTEL	11,488	$543K	0.2%	$17.42	+138.4%	COM	458140100
—	KANSAS CITY SOUTHERN NEW	4,800	$543K	0.2%	$106.53	—	COM	485170302
FLR	FLUOR CORPORATION	9,300	$540K	0.2%	$53.56	-3.1%	COM	343412102
SHW	SHERWIN WILLIAMS CO	1,100	$500K	0.2%	$53.48	+159.2%	COM	824348106
NTR	NUTRIEN LTD CO COM	8,260	$476K	0.2%	$38.37	+12.3%	COM	67077M108
WFC	WELLS FARGO & CO NEW	8,992	$472K	0.2%	$27.89	+66.7%	COM	949746101
—	CREE INC	12,200	$462K	0.2%	$63.79	—	COM	225447101
ICE	INTERCONTINENTAL EXCHANGE	6,000	$449K	0.2%	$46.42	+47.2%	COM	45866F104
—	NOBLE ENERGY INC.	14,166	$441K	0.2%	$54.08	—	COM	655044105
AWR	AMERICAN STATES WATER CO	7,100	$434K	0.2%	$21.56	+142.5%	COM	029899101
PAG	PENSKE AUTOMOTIVE GROUP	9,100	$431K	0.2%	$31.34	+62.2%	COM	70959W103
BP	BP PLC	9,320	$429K	0.2%	$41.74	—	COM	055622104
ARTNA	ARTESIAN RES CORP CLA	11,450	$421K	0.2%	$15.52	+93.4%	COM	043113208
IP	INTERNATIONAL PAPER CO	8,475	$416K	0.2%	$27.17	+31.1%	COM	460146103
CMA	COMERICA INC.	4,493	$405K	0.2%	$34.93	+92.9%	COM	200340107
OGS	ONE GAS INC COM	4,783	$393K	0.2%	$38.82	+101.6%	COM	68235P108
IBM	INTL BUSINESS MACHINES	2,586	$391K	0.2%	$118.79	-14.8%	COM	459200101
FARM	FARMER BROS. CO.	14,800	$390K	0.2%	$33.02	-13.2%	COM	307675108
PCAR	PACCAR INC	5,700	$388K	0.2%	$22.31	+46.8%	COM	693718108
—	MEREDITH CORP.	7,500	$382K	0.2%	$47.73	—	COM	589433101
—	MARATHON OIL CO.	16,380	$381K	0.2%	$31.90	—	COM	565849106
—	FERRO CORP	16,426	$381K	0.2%	$7.54	—	COM	315405100
HBAN	HUNTINGTON BANCSHARES INC	24,726	$368K	0.1%	$4.90	+126.9%	COM	446150104
CPB	CAMPBELL SOUP COMPANY	10,000	$366K	0.1%	$30.19	+5.6%	COM	134429109
RIG	TRANSOCEAN SEDCO FOREX	26,122	$364K	0.1%	$48.22	-74.3%	COM	H8817H100
HAL	HALLIBURTON COMPANY	8,733	$353K	0.1%	$33.33	+6.7%	COM	406216101
—	ANADARKO PETROLEUM CORP	5,163	$348K	0.1%	$78.53	—	COM	032511107
—	HOLLYFRONTIER CORP COM	4,956	$346K	0.1%	$51.15	—	COM	435758305
CFR	CULLEN FROST BANKERS	3,200	$334K	0.1%	$53.82	+65.2%	COM	229899109
—	DENNYS CORP	22,500	$331K	0.1%	$5.70	—	COM	24869P104
—	ENERGEN CORP	3,800	$327K	0.1%	$54.62	—	COM	29265N108
AMGN	AMGEN INC	1,580	$327K	0.1%	$74.12	+112.3%	COM	031162100
OXY	OCCIDENTAL PETE CORP	3,918	$321K	0.1%	$57.79	+17.2%	COM	674599105
KEY	KEYCORP	15,966	$317K	0.1%	$6.48	+126.0%	COM	493267108
AEP	AMER ELECTRIC PWR CO INC	4,420	$313K	0.1%	$30.99	+77.1%	COM	025537101
AZN	ASTRAZENECA PLC ADR	7,900	$312K	0.1%	$43.84	—	COM	046353108
—	XEROX CORP	11,558	$311K	0.1%	$10.63	—	COM	984121103
—	BANCORP SOUTH CM	9,500	$310K	0.1%	$22.44	—	COM	059692103
STLD	STEEL DYNAMICS INC	6,800	$307K	0.1%	$39.10	+0.6%	COM	858119100
BDX	BECTON DICKINSON & CO	1,140	$297K	0.1%	$138.32	+59.3%	COM	075887109
USB	US BANCORP DEL	5,600	$295K	0.1%	$22.41	+74.6%	COM	902973304
—	ROYAL DUTCH SHELL ADR F	4,316	$294K	0.1%	$66.50	—	COM	780259206
—	HESS CORPORATION	4,100	$293K	0.1%	$50.48	—	COM	42809H107
AVY	AVERY DENNISON CORP	2,700	$292K	0.1%	$66.26	+42.3%	COM	053611109
PNC	PNC BANK CORP	2,146	$292K	0.1%	$63.28	+73.0%	COM	693475105
VVV	VALVOLINE INC.	13,301	$286K	0.1%	$23.39	-7.1%	COM	92047W101
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,200	$278K	0.1%	$35.00	—	COM	007800105
AGI	ALAMOS GOLD INC.	58,862	$271K	0.1%	$6.15	-24.4%	COM	011532108
ZION	ZIONS BANCORPORATION COM	5,400	$270K	0.1%	$41.18	+28.2%	COM	989701107
—	ASHLAND INC	3,200	$268K	0.1%	$119.62	—	COM	044209104
F	FORD MOTOR COMPANY	27,850	$257K	0.1%	$7.77	-11.9%	COM	345370860
—	TWENTY FIRST CENTURY FOX INC CLASS B COM	5,400	$247K	0.1%	$33.29	—	COM	90130A200
—	RALPH LAUREN CORP.	1,800	$247K	0.1%	$111.67	—	COM	731572103
AEM	AGNICO-EAGLE MINES LTD	7,200	$246K	0.1%	$36.93	-9.9%	COM	008474108
IMO	IMPERIAL OIL LTD	7,601	$246K	0.1%	$26.33	0.0%	COM	453038408
NRT	NO EUROPEAN OIL TR	32,400	$243K	0.1%	$17.28	—	COM	659310106
—	PIONEER NATURAL RES CO	1,400	$243K	0.1%	$125.30	—	COM	723787107
—	BARNES GROUP INC	3,400	$241K	0.1%	$51.25	—	COM	067806109
NEE	NEXTERA ENERGY INC	1,430	$239K	0.1%	$27.54	+28.7%	COM	65339F101
LLY	LILLY ELI & COMPANY	2,203	$236K	0.1%	$90.28	0.0%	COM	532457108
—	CIMAREX ENERGY CO	2,500	$232K	0.1%	$96.40	—	COM	171798101
MATX	MATSON INC COM	5,800	$229K	0.1%	$29.11	+12.3%	COM	57686G105
—	CRANE COMPANY	2,300	$226K	0.1%	$98.26	—	COM	224399105
RF	REGIONS FINANCIAL CP NEW	12,369	$226K	0.1%	$5.82	+139.6%	COM	7591EP100
—	APERGY CORPORATION COM	5,112	$222K	0.1%	$43.43	—	COM	03755L104
MWA	MUELLER WATER PRODUCTS	19,000	$218K	0.1%	$5.84	+78.6%	COM	624758108
PRK	PARK NATIONAL CORP	2,050	$216K	0.1%	$90.93	+20.8%	COM	700658107
SCHW	THE CHARLES SCHWAB CORP	4,400	$216K	0.1%	$42.12	+9.3%	COM	808513105
—	NUVEEN TX QLTY INCM MUN	17,300	$215K	0.1%	$13.90	—	COM	670983105
NTAP	NETAPP INC.	2,500	$214K	0.1%	$67.55	0.0%	COM	64110D104
EXPD	EXPEDITORS INTL WASH	2,900	$213K	0.1%	$63.65	+6.1%	COM	302130109
ALEX	ALEXANDER & BALDWIN INC	9,379	$212K	0.1%	$23.12	—	COM	014491104
CNMD	CONNECTICUT WTR SVCS INC	3,000	$208K	0.1%	$72.38	0.0%	COM	207410101
CNDT	CONDUENT INC COM	9,206	$207K	0.1%	$20.52	0.0%	COM	206787103
—	KELLOGG COMPANY	2,960	$207K	0.1%	$44.96	+14.2%	COM	487836108
KWR	QUAKER CHEMICAL CORP	1,000	$202K	0.1%	$174.71	0.0%	COM	747316107
—	DIAMOND OFFSHR DRILLING	10,066	$201K	0.1%	$68.30	—	COM	25271C102
—	ANGLOGOLD LTD	21,840	$187K	0.1%	$14.30	—	COM	035128206
MTUS	TIMKENSTEEL CORP COM	11,200	$166K	0.1%	$36.27	-58.6%	COM	887399103
PBT	PERMIAN BASIN ROYALTY TR	19,900	$158K	0.1%	$12.16	—	COM	714236106
PBR	PETROLEO BRASILERIO ADRF	10,575	$127K	0.1%	$13.47	—	COM	71654V408
—	INTEVAC INC	23,000	$119K	0.0%	$12.12	—	COM	461148108
—	BARRICK GOLD	10,381	$115K	0.0%	$14.45	—	COM	067901108
KGC	KINROSS GOLD CORP NEW	39,773	$107K	0.0%	$3.92	-17.5%	COM	496902404
XPL	SOLITARIO EXPLORATION	203,000	$71,000	0.0%	$1.31	-70.2%	COM	8342EP107
IAG	IAMGOLD CORPORATION	16,760	$61,000	0.0%	$3.61	+31.8%	COM	450913108
HL	HECLA MINING	12,500	$34,000	0.0%	$2.97	-1.0%	COM	422704106
—	YAMANA GOLD INC	11,000	$27,000	0.0%	$5.52	—	COM	98462Y100
—	STEIN MART INC	10,800	$25,000	0.0%	$1.61	—	COM	858375108
—	GOLDEN STAR RES LTD CDAF	10,000	$7,000	0.0%	$0.21	—	COM	38119T104