Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GWW	GRAINGER WW INC	22,161	$6.668M	2.8%	$201.89	+34.6%	COM	384802104
SBUX	STARBUCKS CORP	88,299	$6.564M	2.8%	$32.51	+82.3%	COM	855244109
MA	MASTERCARD INC	27,081	$6.376M	2.7%	$70.62	+193.4%	COM	57636Q104
—	LINDE PLC COM	32,752	$5.762M	2.4%	$156.04	—	COM	G5494J103
XOM	EXXON MOBIL CORP	61,882	$5M	2.1%	$54.15	+2.4%	COM	30231G102
ADP	AUTO DATA PROCESSING	29,674	$4.74M	2.0%	$46.19	+171.6%	COM	053015103
APD	AIR PRODUCTS & CHEMICALS	24,017	$4.586M	1.9%	$65.22	+123.3%	COM	009158106
HSY	HERSHEY FOODS CORP	36,330	$4.171M	1.7%	$65.77	+41.1%	COM	427866108
CVX	CHEVRONTEXACO CORP	33,741	$4.156M	1.7%	$73.81	+18.5%	COM	166764100
JNJ	JOHNSON & JOHNSON	29,223	$4.085M	1.7%	$59.93	+84.1%	COM	478160104
PEP	PEPSICO INCORPORATED	33,047	$4.049M	1.7%	$56.24	+64.4%	COM	713448108
TSCO	TRACTOR SUPPLY COMPANY	40,790	$3.987M	1.7%	$9.94	+64.4%	COM	892356106
TXN	TEXAS INSTRUMENTS INC	35,201	$3.733M	1.6%	$25.31	+237.4%	COM	882508104
A	AGILENT TECHNOLOGIES	44,201	$3.552M	1.5%	$28.57	+153.0%	COM	00846U101
SYY	SYSCO CORP.	50,931	$3.4M	1.4%	$24.48	+121.1%	COM	871829107
IFF	INTL FLAVOR & FRAGRANCES	26,301	$3.387M	1.4%	$58.56	+88.5%	COM	459506101
EMR	EMERSON ELECTRIC	47,530	$3.254M	1.4%	$41.26	+35.8%	COM	291011104
MKC	MC CORMICK & CO NEW VT	21,465	$3.233M	1.4%	$29.65	+99.3%	COM	579780206
UNP	UNION PACIFIC CORP	18,751	$3.135M	1.3%	$67.70	+104.0%	COM	907818108
MSFT	MICROSOFT CORP	25,881	$3.052M	1.3%	$27.57	+271.0%	COM	594918104
—	VERSUM MATLS INC COM	58,815	$2.958M	1.2%	$28.07	—	COM	92532W103
BR	BROADRIDGE FINANCIAL	27,650	$2.867M	1.2%	$20.36	+338.0%	COM	11133T103
ABT	ABBOTT LABORATORIES	35,772	$2.859M	1.2%	$28.96	+128.3%	COM	002824100
BF/B	BROWN FORMAN CORP CL B	53,551	$2.826M	1.2%	$31.39	+37.5%	COM	115637209
DIS	DISNEY WALT HOLDING CO	24,972	$2.772M	1.2%	$70.99	+52.0%	COM	254687106
KMB	KIMBERLY-CLARK CORP	22,027	$2.729M	1.1%	$63.26	+44.3%	COM	494368103
—	INGERSOLL-RAND COMPANY	24,110	$2.602M	1.1%	$56.45	—	COM	G47791101
MIDD	MIDDLEBY CORP THE	19,625	$2.551M	1.1%	$73.60	+63.1%	COM	596278101
SON	SONOCO PRODUCTS INC	41,275	$2.539M	1.1%	$27.12	+66.6%	COM	835495102
ABBV	ABBVIE INC COM	31,390	$2.529M	1.1%	$26.65	+129.0%	COM	00287Y109
FIS	FIDELITY NATL INFO SVCS	21,973	$2.485M	1.0%	$35.22	+165.3%	COM	31620M106
DRI	DARDEN RESTURANTS INC	20,050	$2.435M	1.0%	$33.70	+169.0%	COM	237194105
EL	LAUDER ESTEE CORP CL A	14,022	$2.321M	1.0%	$58.38	+130.5%	COM	518439104
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,274	$2.203M	0.9%	$31.97	+142.8%	COM	49338L103
CPK	CHESAPEAKE UTIL CORP	23,526	$2.145M	0.9%	$30.46	+156.3%	COM	165303108
GRC	GORMAN-RUPP CO COM	62,548	$2.122M	0.9%	$25.45	+32.5%	COM	383082104
AAPL	APPLE, INC	11,015	$2.092M	0.9%	$19.39	+108.5%	COM	037833100
ASIX	ADVANSIX INC COM	71,026	$2.029M	0.9%	$16.41	+69.5%	COM	00773T101
MMM	3M COMPANY	9,085	$1.887M	0.8%	$61.68	+112.5%	COM	88579Y101
NSC	NORFOLK SOUTHERN CORP	10,055	$1.879M	0.8%	$57.67	+160.9%	COM	655844108
—	WESTROCK CO COM	48,181	$1.847M	0.8%	$50.84	—	COM	96145D105
DE	DEERE & CO	11,050	$1.766M	0.7%	$69.76	+107.2%	COM	244199105
KEX	KIRBY CORP	23,033	$1.73M	0.7%	$77.91	-6.5%	COM	497266106
—	STERIS PLC	13,126	$1.68M	0.7%	$55.99	—	COM	859152100
AIN	ALBANY INT'L CORP.	23,400	$1.675M	0.7%	$33.19	+97.3%	COM	012348108
VLO	VALERO ENERGY	19,450	$1.649M	0.7%	$25.07	+148.9%	COM	91913Y100
HD	HOME DEPOT INC	8,348	$1.601M	0.7%	$56.73	+172.7%	COM	437076102
—	EATON CORPORATION	19,621	$1.58M	0.7%	$66.81	—	COM	278058102
HON	HONEYWELL INC.	9,847	$1.564M	0.7%	$54.09	+124.0%	COM	438516106
AVT	AVNET INC	36,025	$1.562M	0.7%	$25.85	+37.3%	COM	053807103
MSA	MINE SAFTEY APPLIANCE CO	15,050	$1.556M	0.7%	$56.12	+79.5%	COM	553498106
GIS	GENERAL MILLS INC	29,690	$1.536M	0.6%	$32.05	+11.7%	COM	370334104
CASY	CASEYS GENERAL STORES INC	11,805	$1.52M	0.6%	$64.27	+94.3%	COM	147528103
CTAS	CINTAS CORP	7,451	$1.505M	0.6%	$10.65	+325.5%	COM	172908105
KO	COCA-COLA COMPANY	31,528	$1.477M	0.6%	$27.91	+35.4%	COM	191216100
—	BUNGE	27,541	$1.461M	0.6%	$69.85	—	COM	G16962105
COST	COSTCO WHOLSALE CORP NEW	5,941	$1.438M	0.6%	$88.47	+124.2%	COM	22160K105
—	DOWDUPONT INC COM	26,472	$1.411M	0.6%	$62.04	—	COM	26078J100
AIT	APPLIED INDL. TECH.	23,100	$1.373M	0.6%	$40.59	+30.3%	COM	03820C105
OLN	OLIN CORP NEW	58,450	$1.352M	0.6%	$16.92	+16.6%	COM	680665205
LOW	LOWES COMPANIES INC	12,204	$1.335M	0.6%	$32.55	+170.6%	COM	548661107
PSX	PHILLIPS 66 COM	13,950	$1.327M	0.6%	$59.09	+21.7%	COM	718546104
ADI	ANALOG DEVICES INC	12,484	$1.314M	0.6%	$34.29	+157.9%	COM	032654105
AXP	AMERICAN EXPRESS CO.	11,950	$1.306M	0.5%	$62.75	+52.7%	COM	025816109
PH	PARKER-HANNIFIN CORP	7,600	$1.304M	0.5%	$107.64	+39.1%	COM	701094104
—	NEENAH PAPER INC	20,126	$1.295M	0.5%	$32.13	—	COM	640079109
OKE	ONEOK, INC	18,449	$1.288M	0.5%	$19.60	+112.3%	COM	682680103
CE	CELANESE CORP.	13,000	$1.281M	0.5%	$47.01	+83.4%	COM	150870103
ATO	ATMOS ENERGY CORP	12,426	$1.279M	0.5%	$32.40	+154.6%	COM	049560105
MPC	MARATHON PETE CORP COM	20,823	$1.246M	0.5%	$44.97	+12.2%	COM	56585A102
GT	GOODYEAR TIRE & RUBBER	67,090	$1.217M	0.5%	$20.12	-3.2%	COM	382550101
NTRS	NORTHERN TRUST CORP	13,283	$1.2M	0.5%	$40.63	+79.6%	COM	665859104
CAT	CATERPILLAR INC	8,353	$1.131M	0.5%	$63.39	+80.8%	COM	149123101
COP	CONOCOPHILLIPS	16,862	$1.125M	0.5%	$42.93	+23.4%	COM	20825C104
GAP	GAP INC	42,450	$1.111M	0.5%	$25.95	-22.9%	COM	364760108
—	OWENS ILLINOIS INC NEW	58,350	$1.107M	0.5%	$18.07	—	COM	690768403
SR	SPIRE	13,000	$1.069M	0.4%	$70.79	—	COM	84857L101
TKR	TIMKEN COMPANY	24,200	$1.055M	0.4%	$39.59	+7.4%	COM	887389104
SYK	STRYKER CORP	5,200	$1.027M	0.4%	$60.41	+176.6%	COM	863667101
FELE	FRANKLIN ELEC CO INC	19,800	$1.011M	0.4%	$28.98	+58.2%	COM	353514102
NEM	NEWMONT MINING	27,526	$984K	0.4%	$21.31	+28.3%	COM	651639106
—	CHUBB CORPORATION	7,002	$980K	0.4%	$91.28	—	COM	171232101
—	ROWAN COMPANIES	89,929	$970K	0.4%	$33.61	—	COM	779382100
D	DOMINION RESOURCES INC.	12,620	$967K	0.4%	$36.84	+46.3%	COM	25746U109
MET	METLIFE INC	22,682	$965K	0.4%	$26.65	+31.5%	COM	59156R108
—	UNITED TECHNOLOGIES CORP	7,357	$948K	0.4%	$94.12	—	COM	913017109
VZ	VERIZON COMM	15,918	$941K	0.4%	$27.54	+41.4%	COM	92343V104
SWK	STANLEY BLACK & DECKER INC.	6,890	$938K	0.4%	$58.01	+83.8%	COM	854502101
MUR	MURPHY OIL CORP	30,670	$898K	0.4%	$34.50	-36.1%	COM	626717102
NGVT	INGEVITY CORP COM	8,481	$895K	0.4%	$33.11	+203.4%	COM	45688C107
BMY	BRISTOL MYERS SQUIBB CO	18,233	$869K	0.4%	$29.05	+31.8%	COM	110122108
DOV	DOVER CORPORATION	9,225	$865K	0.4%	$41.67	+87.6%	COM	260003108
GLW	CORNING INC.	25,425	$841K	0.4%	$10.87	+148.8%	COM	219350105
AMAT	APPLIED MATERIALS INC	21,050	$834K	0.3%	$12.71	+177.9%	COM	038222105
HP	HELMERICH & PAYNE INC	15,000	$833K	0.3%	$63.04	-13.6%	COM	423452101
MRK	MERCK & CO INC	9,972	$829K	0.3%	$30.79	+95.8%	COM	58933Y105
CVGW	CALAVO GROWERS INC	9,700	$813K	0.3%	$25.96	+172.9%	COM	128246105
BHF	BRIGHTHOUSE FINL INC COM	21,736	$788K	0.3%	$59.13	-36.6%	COM	10922N103
—	DUKE ENERGY CORPORATION	8,659	$779K	0.3%	$67.96	—	COM	26441C105
ENB	ENBRIDGE INC.	20,692	$750K	0.3%	$24.58	-6.9%	COM	29250N105
CSX	CSX CORP	9,900	$740K	0.3%	$6.91	+205.5%	COM	126408103
ATI	ALLEGHENY TECH INC	28,800	$736K	0.3%	$16.62	+58.5%	COM	01741R102
MUSA	MURPHY USA INC.	8,593	$735K	0.3%	$40.01	+92.0%	COM	626755102
BK	BANK OF NEW YORK CO INC	13,450	$678K	0.3%	$21.22	+99.5%	COM	064058100
ALLE	ALLEGION PUBLIC LTD. CO.	7,418	$672K	0.3%	$39.31	+102.8%	COM	G0176J109
—	CDK GLOBAL HOLDINGS LLC COM	11,137	$655K	0.3%	$41.70	—	COM	12508E101
—	CREE INC	11,200	$640K	0.3%	$63.79	—	COM	225447101
SLB	SCHLUMBERGER LTD F	14,130	$615K	0.3%	$53.97	-33.8%	COM	806857108
GPC	GENUINE PARTS CO COM	5,460	$611K	0.3%	$55.02	+54.0%	COM	372460105
INTC	INTEL	11,038	$592K	0.2%	$17.42	+151.6%	COM	458140100
—	AMERITRADE HLDNG CORP CL A	11,750	$587K	0.2%	$24.54	—	COM	87236Y108
PFE	PFIZER INC	13,469	$572K	0.2%	$17.19	+70.1%	COM	717081103
—	KANSAS CITY SOUTHERN NEW	4,800	$556K	0.2%	$106.53	—	COM	485170302
AWR	AMERICAN STATES WATER CO	7,000	$499K	0.2%	$21.56	+178.9%	COM	029899101
SHW	SHERWIN WILLIAMS CO	1,100	$473K	0.2%	$53.48	+144.7%	COM	824348106
IBM	INTL BUSINESS MACHINES	3,286	$463K	0.2%	$113.65	-16.7%	COM	459200101
ICE	INTERCONTINENTAL EXCHANGE	6,000	$456K	0.2%	$46.42	+47.6%	COM	45866F104
—	MEREDITH CORP.	7,700	$425K	0.2%	$47.92	—	COM	589433101
—	DENNYS CORP	22,500	$412K	0.2%	$5.70	—	COM	24869P104
ARTNA	ARTESIAN RES CORP CLA	10,950	$408K	0.2%	$15.52	+94.9%	COM	043113208
BP	BP PLC	9,320	$407K	0.2%	$41.74	—	COM	055622104
OGS	ONE GAS INC COM	4,558	$405K	0.2%	$38.82	+116.5%	COM	68235P108
NTR	NUTRIEN LTD CO COM	7,660	$404K	0.2%	$38.37	+7.4%	COM	67077M108
WFC	WELLS FARGO & CO NEW	8,342	$403K	0.2%	$27.89	+46.1%	COM	949746101
PAG	PENSKE AUTOMOTIVE GROUP	8,800	$392K	0.2%	$31.60	+40.2%	COM	70959W103
CPB	CAMPBELL SOUP COMPANY	10,000	$381K	0.2%	$30.19	-6.8%	COM	134429109
—	XEROX CORP	11,833	$378K	0.2%	$11.30	—	COM	984121103
IP	INTERNATIONAL PAPER CO	7,875	$364K	0.2%	$27.17	+17.0%	COM	460146103
AEP	AMER ELECTRIC PWR CO INC	4,320	$361K	0.2%	$30.99	+101.5%	COM	025537101
PCAR	PACCAR INC	5,300	$361K	0.2%	$22.31	+51.3%	COM	693718108
FLR	FLUOR CORPORATION	8,900	$327K	0.1%	$52.93	-33.6%	COM	343412102
CMA	COMERICA INC.	4,393	$322K	0.1%	$34.93	+64.6%	COM	200340107
AZN	ASTRAZENECA PLC ADR	7,900	$319K	0.1%	$43.84	—	COM	046353108
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$309K	0.1%	$35.03	—	COM	007800105
—	HESS CORPORATION	5,100	$307K	0.1%	$48.50	—	COM	42809H107
AVY	AVERY DENNISON CORP	2,700	$305K	0.1%	$66.26	+38.2%	COM	053611109
—	FERRO CORP	16,026	$303K	0.1%	$7.54	—	COM	315405100
CFR	CULLEN FROST BANKERS	3,100	$300K	0.1%	$53.82	+49.6%	COM	229899109
—	NOBLE ENERGY INC.	12,050	$297K	0.1%	$54.08	—	COM	655044105
LLY	LILLY ELI & COMPANY	2,203	$285K	0.1%	$90.28	+22.9%	COM	532457108
BDX	BECTON DICKINSON & CO	1,140	$284K	0.1%	$138.32	+53.8%	COM	075887109
FARM	FARMER BROS. CO.	14,100	$282K	0.1%	$33.02	-28.1%	COM	307675108
HBAN	HUNTINGTON BANCSHARES INC	22,226	$281K	0.1%	$4.90	+99.1%	COM	446150104
NEE	NEXTERA ENERGY INC	1,430	$276K	0.1%	$27.54	+40.1%	COM	65339F101
HAL	HALLIBURTON COMPANY	9,361	$274K	0.1%	$32.99	-20.5%	COM	406216101
—	MARATHON OIL CO.	16,380	$273K	0.1%	$31.90	—	COM	565849106
OXY	OCCIDENTAL PETE CORP	4,118	$272K	0.1%	$57.72	-2.2%	COM	674599105
—	ROYAL DUTCH SHELL ADR F	4,316	$270K	0.1%	$66.50	—	COM	780259206
USB	US BANCORP DEL	5,600	$269K	0.1%	$22.41	+67.8%	COM	902973304
—	ANGLOGOLD LTD	20,550	$269K	0.1%	$14.30	—	COM	035128206
—	BANCORP SOUTH CM	9,500	$268K	0.1%	$22.44	—	COM	059692103
—	ANADARKO PETROLEUM CORP	5,781	$262K	0.1%	$74.51	—	COM	032511107
AMGN	AMGEN INC	1,380	$262K	0.1%	$79.04	+95.7%	COM	031162100
AGI	ALAMOS GOLD INC.	50,000	$254K	0.1%	$6.15	-30.0%	COM	011532108
—	ASHLAND INC	3,200	$250K	0.1%	$119.62	—	COM	044209104
AEM	AGNICO-EAGLE MINES LTD	5,700	$247K	0.1%	$36.93	-1.4%	COM	008474108
PNC	PNC BANK CORP	2,010	$246K	0.1%	$63.28	+53.0%	COM	693475105
KEY	KEYCORP	15,641	$246K	0.1%	$6.55	+82.6%	COM	493267108
—	HOLLYFRONTIER CORP COM	4,956	$244K	0.1%	$51.15	—	COM	435758305
VVV	VALVOLINE INC.	12,900	$239K	0.1%	$23.39	-15.3%	COM	92047W101
STLD	STEEL DYNAMICS INC	6,700	$236K	0.1%	$30.67	0.0%	COM	858119100
FANG	DIAMONDBACK ENERGY	2,301	$233K	0.1%	$86.29	-7.9%	COM	25278X109
RL	RALPH LAUREN CORP.	1,800	$233K	0.1%	$104.01	0.0%	COM	751212101
ZION	ZIONS BANCORPORATION COM	5,100	$231K	0.1%	$41.18	+15.9%	COM	989701107
—	NUVEEN TX QLTY INCM MUN	17,300	$231K	0.1%	$13.61	—	COM	670983105
F	FORD MOTOR COMPANY	26,150	$229K	0.1%	$7.77	-21.8%	COM	345370860
BKH	BLACK HILLS CORP COM	3,068	$227K	0.1%	$52.65	0.0%	COM	092113109
RIG	TRANSOCEAN SEDCO FOREX	25,844	$225K	0.1%	$48.22	-82.2%	COM	H8817H100
—	BARRICK GOLD	16,409	$224K	0.1%	$14.15	—	COM	067901108
NRT	NO EUROPEAN OIL TR	32,300	$223K	0.1%	$17.28	—	COM	659310106
PRGO	PERRIGO CO	4,650	$223K	0.1%	$46.80	0.0%	COM	G97822103
EXPD	EXPEDITORS INTL WASH	2,900	$220K	0.1%	$66.40	0.0%	COM	302130109
PYPL	PAYPAL HOLDINGS INC.	2,081	$216K	0.1%	$94.45	0.0%	COM	70450Y103
—	PIONEER NATURAL RES CO	1,400	$213K	0.1%	$152.14	—	COM	723787107
ALEX	ALEXANDER & BALDWIN INC	8,368	$212K	0.1%	$25.33	—	COM	014491104
KDP	KEURIG DR PEPPER INC.	7,600	$212K	0.1%	$22.82	0.0%	COM	49271V100
CNMD	CONNECTICUT WTR SVCS INC	3,000	$205K	0.1%	$72.38	-5.6%	COM	207410101
IMO	IMPERIAL OIL LTD	7,500	$204K	0.1%	$22.51	0.0%	COM	453038408
PRK	PARK NATIONAL CORP	2,150	$203K	0.1%	$95.82	0.0%	COM	700658107
ZTS	ZOETIS INC.	2,000	$201K	0.1%	$85.91	0.0%	COM	98978V103
KWR	QUAKER CHEMICAL CORP	1,000	$200K	0.1%	$198.57	0.0%	COM	747316107
RF	REGIONS FINANCIAL CP NEW	12,133	$171K	0.1%	$6.02	+91.8%	COM	7591EP100
MWA	MUELLER WATER PRODUCTS	17,000	$170K	0.1%	$5.84	+53.1%	COM	624758108
PBR	PETROLEO BRASILERIO ADRF	10,475	$166K	0.1%	$13.47	—	COM	71654V408
—	ENCANA CORP	21,677	$156K	0.1%	$7.20	—	COM	292505104
PBT	PERMIAN BASIN ROYALTY TR	19,900	$149K	0.1%	$12.16	—	COM	714236106
KGC	KINROSS GOLD CORP NEW	39,773	$136K	0.1%	$3.92	-15.0%	COM	496902404
—	INTEVAC INC	19,400	$118K	0.0%	$12.12	—	COM	461148108
MTUS	TIMKENSTEEL CORP COM	10,950	$118K	0.0%	$35.63	-67.6%	COM	887399103
XPL	SOLITARIO EXPLORATION	198,000	$83,000	0.0%	$1.31	-76.3%	COM	8342EP107
—	ENSCO INTERNATIONAL INC	19,700	$77,000	0.0%	$3.59	—	COM	G3157S106
IAG	IAMGOLD CORPORATION	16,760	$58,000	0.0%	$3.61	-3.0%	COM	450913108
—	PDL BIOPHARMA INC	10,000	$37,000	0.0%	$2.82	—	COM	69329Y104
—	NABORS INDUSTRIES INC	10,100	$34,000	0.0%	$1.98	—	COM	G6359F103
HL	HECLA MINING	12,500	$28,000	0.0%	$2.97	-18.3%	COM	422704106
—	YAMANA GOLD INC	11,000	$28,000	0.0%	$5.52	—	COM	98462Y100
—	STEIN MART INC	10,800	$10,000	0.0%	$1.61	—	COM	858375108