Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SBUX	STARBUCKS CORP	88,099	$7.385M	3.0%	$32.51	+109.0%	COM	855244109
MA	MASTERCARD INC	26,581	$7.031M	2.8%	$70.62	+241.7%	COM	57636Q104
—	LINDE PLC COM	32,677	$6.561M	2.6%	$156.04	—	COM	G5494J103
GWW	GRAINGER WW INC	22,124	$5.934M	2.4%	$201.89	+27.6%	COM	384802104
APD	AIR PRODUCTS & CHEMICALS	23,980	$5.428M	2.2%	$65.22	+170.3%	COM	009158106
ADP	AUTO DATA PROCESSING	29,549	$4.885M	2.0%	$46.19	+205.2%	COM	053015103
HSY	HERSHEY FOODS CORP	36,105	$4.839M	1.9%	$65.77	+65.6%	COM	427866108
XOM	EXXON MOBIL CORP	61,520	$4.714M	1.9%	$54.15	+5.1%	COM	30231G102
TSCO	TRACTOR SUPPLY COMPANY	40,790	$4.437M	1.8%	$9.94	+87.4%	COM	892356106
PEP	PEPSICO INCORPORATED	33,035	$4.331M	1.7%	$56.24	+86.2%	COM	713448108
CVX	CHEVRONTEXACO CORP	33,990	$4.229M	1.7%	$73.81	+22.3%	COM	166764100
JNJ	JOHNSON & JOHNSON	29,148	$4.059M	1.6%	$59.93	+91.5%	COM	478160104
TXN	TEXAS INSTRUMENTS INC	35,164	$4.035M	1.6%	$25.31	+266.5%	COM	882508104
IFF	INTL FLAVOR & FRAGRANCES	26,189	$3.799M	1.5%	$58.56	+98.6%	COM	459506101
SYY	SYSCO CORP.	50,711	$3.586M	1.4%	$24.48	+143.3%	COM	871829107
BR	BROADRIDGE FINANCIAL	27,650	$3.53M	1.4%	$20.36	+428.1%	COM	11133T103
DIS	DISNEY WALT HOLDING CO	25,072	$3.501M	1.4%	$70.99	+80.3%	COM	254687106
MSFT	MICROSOFT CORP	25,656	$3.436M	1.4%	$27.57	+333.5%	COM	594918104
MKC	MC CORMICK & CO NEW VT	21,465	$3.327M	1.3%	$29.65	+128.7%	COM	579780206
A	AGILENT TECHNOLOGIES	44,539	$3.325M	1.3%	$28.57	+147.4%	COM	00846U101
EMR	EMERSON ELECTRIC	48,980	$3.267M	1.3%	$41.74	+37.7%	COM	291011104
UNP	UNION PACIFIC CORP	18,301	$3.094M	1.2%	$67.70	+118.3%	COM	907818108
—	INGERSOLL-RAND COMPANY	23,844	$3.02M	1.2%	$56.45	—	COM	G47791101
ABT	ABBOTT LABORATORIES	35,747	$3.006M	1.2%	$28.96	+142.5%	COM	002824100
BF/B	BROWN FORMAN CORP CL B	53,663	$2.974M	1.2%	$31.39	+51.7%	COM	115637209
KMB	KIMBERLY-CLARK CORP	21,952	$2.925M	1.2%	$63.26	+61.5%	COM	494368103
—	VERSUM MATLS INC COM	54,665	$2.819M	1.1%	$28.07	—	COM	92532W103
SON	SONOCO PRODUCTS INC	41,225	$2.693M	1.1%	$27.12	+84.5%	COM	835495102
FIS	FIDELITY NATL INFO SVCS	21,948	$2.692M	1.1%	$35.22	+193.2%	COM	31620M106
MIDD	MIDDLEBY CORP THE	19,575	$2.656M	1.1%	$73.60	+82.7%	COM	596278101
EL	LAUDER ESTEE CORP CL A	13,972	$2.558M	1.0%	$58.38	+168.8%	COM	518439104
DRI	DARDEN RESTURANTS INC	20,050	$2.44M	1.0%	$33.70	+193.8%	COM	237194105
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,218	$2.264M	0.9%	$31.97	+165.6%	COM	49338L103
ABBV	ABBVIE INC COM	31,065	$2.259M	0.9%	$26.65	+122.9%	COM	00287Y109
CPK	CHESAPEAKE UTIL CORP	23,714	$2.253M	0.9%	$30.46	+168.1%	COM	165303108
AAPL	APPLE, INC	10,994	$2.175M	0.9%	$19.39	+140.5%	COM	037833100
DOW	DOW CHEMICAL	43,567	$2.148M	0.9%	$36.37	0.0%	COM	260557103
GRC	GORMAN-RUPP CO COM	62,492	$2.051M	0.8%	$25.45	+27.6%	COM	383082104
NSC	NORFOLK SOUTHERN CORP	10,030	$1.999M	0.8%	$57.67	+200.6%	COM	655844108
—	STERIS PLC	13,126	$1.954M	0.8%	$55.99	—	COM	859152100
AIN	ALBANY INT'L CORP.	23,400	$1.94M	0.8%	$33.19	+107.9%	COM	012348108
CASY	CASEYS GENERAL STORES INC	11,805	$1.841M	0.7%	$64.27	+103.2%	COM	147528103
DE	DEERE & CO	11,013	$1.824M	0.7%	$69.76	+102.7%	COM	244199105
—	WESTROCK CO COM	48,681	$1.775M	0.7%	$50.69	—	COM	96145D105
CTAS	CINTAS CORP	7,351	$1.744M	0.7%	$10.65	+386.2%	COM	172908105
ASIX	ADVANSIX INC COM	71,026	$1.735M	0.7%	$16.41	+56.1%	COM	00773T101
HON	HONEYWELL INC.	9,847	$1.719M	0.7%	$54.09	+156.3%	COM	438516106
HD	HOME DEPOT INC	8,248	$1.715M	0.7%	$56.73	+198.9%	COM	437076102
VLO	VALERO ENERGY	19,363	$1.657M	0.7%	$25.07	+151.3%	COM	91913Y100
—	EATON CORPORATION	19,621	$1.634M	0.7%	$66.81	—	COM	278058102
AVT	AVNET INC	35,950	$1.627M	0.7%	$25.85	+46.1%	COM	053807103
KO	COCA-COLA COMPANY	31,528	$1.605M	0.6%	$27.91	+43.1%	COM	191216100
MSA	MINE SAFTEY APPLIANCE CO	15,050	$1.586M	0.6%	$56.12	+87.2%	COM	553498106
COST	COSTCO WHOLSALE CORP NEW	5,991	$1.583M	0.6%	$88.47	+156.1%	COM	22160K105
MMM	3M COMPANY	9,085	$1.574M	0.6%	$61.68	+95.6%	COM	88579Y101
GIS	GENERAL MILLS INC	29,690	$1.559M	0.6%	$32.05	+28.6%	COM	370334104
—	BUNGE	27,404	$1.526M	0.6%	$69.85	—	COM	G16962105
AXP	AMERICAN EXPRESS CO.	11,950	$1.475M	0.6%	$62.75	+71.3%	COM	025816109
KEX	KIRBY CORP	18,096	$1.429M	0.6%	$77.91	+3.0%	COM	497266106
AIT	APPLIED INDL. TECH.	23,100	$1.421M	0.6%	$40.59	+32.0%	COM	03820C105
ADI	ANALOG DEVICES INC	12,484	$1.409M	0.6%	$34.29	+179.9%	COM	032654105
CE	CELANESE CORP.	13,000	$1.401M	0.6%	$47.01	+94.4%	COM	150870103
OLN	OLIN CORP NEW	62,900	$1.378M	0.6%	$17.04	+8.8%	COM	680665205
—	NEENAH PAPER INC	20,076	$1.356M	0.5%	$32.13	—	COM	640079109
ATO	ATMOS ENERGY CORP	12,426	$1.311M	0.5%	$32.40	+168.8%	COM	049560105
PSX	PHILLIPS 66 COM	13,850	$1.295M	0.5%	$59.09	+15.9%	COM	718546104
PH	PARKER-HANNIFIN CORP	7,600	$1.292M	0.5%	$107.64	+45.4%	COM	701094104
OKE	ONEOK, INC	18,187	$1.251M	0.5%	$19.60	+123.7%	COM	682680103
TKR	TIMKEN COMPANY	24,200	$1.242M	0.5%	$39.59	+20.7%	COM	887389104
LOW	LOWES COMPANIES INC	12,204	$1.231M	0.5%	$32.55	+187.1%	COM	548661107
NTRS	NORTHERN TRUST CORP	13,158	$1.184M	0.5%	$40.63	+84.6%	COM	665859104
NEM	NEWMONT GOLDCORP	30,718	$1.181M	0.5%	$22.00	+27.0%	COM	651639106
MPC	MARATHON PETE CORP COM	20,935	$1.169M	0.5%	$44.97	-1.6%	COM	56585A102
CAT	CATERPILLAR INC	8,353	$1.138M	0.5%	$63.39	+80.9%	COM	149123101
MET	METLIFE INC	22,582	$1.121M	0.4%	$26.65	+41.0%	COM	59156R108
SR	SPIRE	13,000	$1.09M	0.4%	$70.79	—	COM	84857L101
SYK	STRYKER CORP	5,200	$1.069M	0.4%	$60.41	+194.3%	COM	863667101
GT	GOODYEAR TIRE & RUBBER	68,090	$1.041M	0.4%	$20.07	-15.9%	COM	382550101
COP	CONOCOPHILLIPS	16,862	$1.028M	0.4%	$42.93	+14.7%	COM	20825C104
—	OWENS ILLINOIS INC NEW	59,350	$1.024M	0.4%	$18.06	—	COM	690768403
—	CHUBB CORPORATION	6,882	$1.013M	0.4%	$91.28	—	COM	171232101
SWK	STANLEY BLACK & DECKER INC.	6,890	$996K	0.4%	$58.01	+99.6%	COM	854502101
D	DOMINION RESOURCES INC.	12,620	$975K	0.4%	$36.84	+54.3%	COM	25746U109
—	UNITED TECHNOLOGIES CORP	7,357	$957K	0.4%	$94.12	—	COM	913017109
AMAT	APPLIED MATERIALS INC	21,050	$945K	0.4%	$12.71	+209.6%	COM	038222105
VZ	VERIZON COMM	16,518	$943K	0.4%	$27.99	+43.0%	COM	92343V104
FELE	FRANKLIN ELEC CO INC	19,800	$940K	0.4%	$28.98	+52.4%	COM	353514102
NGVT	INGEVITY CORP COM	8,922	$938K	0.4%	$36.44	+175.7%	COM	45688C107
CVGW	CALAVO GROWERS INC	9,700	$938K	0.4%	$25.96	+214.4%	COM	128246105
DOV	DOVER CORPORATION	9,188	$920K	0.4%	$41.67	+109.2%	COM	260003108
GLW	CORNING INC.	25,425	$844K	0.3%	$10.87	+144.9%	COM	219350105
—	MARATHON OIL CO.	59,125	$840K	0.3%	$19.11	—	COM	565849106
ALLE	ALLEGION PUBLIC LTD. CO.	7,573	$837K	0.3%	$40.39	+127.6%	COM	G0176J109
MRK	MERCK & CO INC	9,922	$831K	0.3%	$30.79	+101.8%	COM	58933Y105
BMY	BRISTOL MYERS SQUIBB CO	17,983	$815K	0.3%	$29.05	+24.3%	COM	110122108
CSX	CSX CORP	9,900	$765K	0.3%	$6.91	+241.0%	COM	126408103
GAP	GAP INC	42,450	$762K	0.3%	$25.95	-31.7%	COM	364760108
HP	HELMERICH & PAYNE INC	15,000	$759K	0.3%	$63.04	-12.7%	COM	423452101
—	DUKE ENERGY CORPORATION	8,593	$758K	0.3%	$67.96	—	COM	26441C105
MUR	MURPHY OIL CORP	30,470	$751K	0.3%	$34.50	-40.0%	COM	626717102
BHF	BRIGHTHOUSE FINL INC COM	20,186	$740K	0.3%	$59.13	-34.7%	COM	10922N103
ENB	ENBRIDGE INC.	20,297	$732K	0.3%	$24.58	-4.4%	COM	29250N105
ATI	ALLEGHENY TECH INC	28,800	$725K	0.3%	$16.62	+46.7%	COM	01741R102
MUSA	MURPHY USA INC.	8,593	$722K	0.3%	$40.01	+103.3%	COM	626755102
—	DU PONT E I DE NEMOUR&CO	9,464	$710K	0.3%	$75.02	—	COM	263534109
BK	BANK OF NEW YORK CO INC	13,450	$593K	0.2%	$21.22	+82.8%	COM	064058100
—	ENSCO INTERNATIONAL INC	68,907	$587K	0.2%	$7.11	—	COM	G3157S106
—	AMERITRADE HLDNG CORP CL A	11,750	$586K	0.2%	$24.54	—	COM	87236Y108
—	KANSAS CITY SOUTHERN NEW	4,800	$584K	0.2%	$106.53	—	COM	485170302
PFE	PFIZER INC	13,419	$581K	0.2%	$17.19	+70.0%	COM	717081103
GPC	GENUINE PARTS CO COM	5,460	$565K	0.2%	$55.02	+55.3%	COM	372460105
SLB	SCHLUMBERGER LTD F	14,130	$561K	0.2%	$53.97	-37.7%	COM	806857108
—	CDK GLOBAL HOLDINGS LLC COM	10,955	$541K	0.2%	$41.70	—	COM	12508E101
INTC	INTEL	11,038	$528K	0.2%	$17.42	+147.4%	COM	458140100
AWR	AMERICAN STATES WATER CO	7,000	$526K	0.2%	$21.56	+194.6%	COM	029899101
ICE	INTERCONTINENTAL EXCHANGE	6,000	$515K	0.2%	$46.42	+61.5%	COM	45866F104
SHW	SHERWIN WILLIAMS CO	1,100	$504K	0.2%	$53.48	+163.5%	COM	824348106
—	DENNYS CORP	22,500	$461K	0.2%	$5.70	—	COM	24869P104
IBM	INTL BUSINESS MACHINES	3,186	$439K	0.2%	$113.65	-13.2%	COM	459200101
—	MEREDITH CORP.	7,700	$423K	0.2%	$47.92	—	COM	589433101
—	XEROX CORP	11,833	$419K	0.2%	$11.30	—	COM	984121103
PAG	PENSKE AUTOMOTIVE GROUP	8,800	$416K	0.2%	$31.60	+43.6%	COM	70959W103
NTR	NUTRIEN LTD CO COM	7,660	$409K	0.2%	$38.37	+8.5%	COM	67077M108
—	ANADARKO PETROLEUM CORP	5,781	$407K	0.2%	$74.51	—	COM	032511107
ARTNA	ARTESIAN RES CORP CLA	10,913	$405K	0.2%	$15.52	+92.4%	COM	043113208
OGS	ONE GAS INC COM	4,458	$402K	0.2%	$38.82	+127.9%	COM	68235P108
CPB	CAMPBELL SOUP COMPANY	10,000	$400K	0.2%	$30.19	+4.7%	COM	134429109
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$389K	0.2%	$35.03	—	COM	007800105
BP	BP PLC	9,320	$388K	0.2%	$41.74	—	COM	055622104
WFC	WELLS FARGO & CO NEW	8,042	$380K	0.2%	$27.89	+40.1%	COM	949746101
AEP	AMER ELECTRIC PWR CO INC	4,320	$380K	0.2%	$30.99	+120.2%	COM	025537101
PCAR	PACCAR INC	5,300	$379K	0.2%	$22.31	+62.3%	COM	693718108
—	ANGLOGOLD LTD	20,138	$358K	0.1%	$14.30	—	COM	035128206
IP	INTERNATIONAL PAPER CO	7,738	$335K	0.1%	$27.17	+15.5%	COM	460146103
AZN	ASTRAZENECA PLC ADR	7,900	$326K	0.1%	$43.84	—	COM	046353108
—	HESS CORPORATION	5,100	$324K	0.1%	$48.50	—	COM	42809H107
CMA	COMERICA INC.	4,393	$319K	0.1%	$34.93	+53.8%	COM	200340107
CTVA	CORTEVA INC COM	10,732	$317K	0.1%	$25.02	0.0%	COM	22052L104
HBAN	HUNTINGTON BANCSHARES INC	22,651	$313K	0.1%	$4.99	+97.1%	COM	446150104
—	NUVEEN TX QLTY INCM MUN	22,300	$305K	0.1%	$13.63	—	COM	670983105
AGI	ALAMOS GOLD INC.	50,000	$302K	0.1%	$6.15	-23.4%	COM	011532108
AVY	AVERY DENNISON CORP	2,600	$300K	0.1%	$66.26	+47.0%	COM	053611109
FLR	FLUOR CORPORATION	8,800	$296K	0.1%	$52.93	-38.8%	COM	343412102
USB	US BANCORP DEL	5,600	$293K	0.1%	$22.41	+73.7%	COM	902973304
NEE	NEXTERA ENERGY INC	1,430	$292K	0.1%	$27.54	+51.7%	COM	65339F101
AEM	AGNICO-EAGLE MINES LTD	5,700	$292K	0.1%	$36.93	+2.0%	COM	008474108
CFR	CULLEN FROST BANKERS	3,100	$290K	0.1%	$53.82	+48.3%	COM	229899109
BDX	BECTON DICKINSON & CO	1,140	$287K	0.1%	$138.32	+51.6%	COM	075887109
—	ROYAL DUTCH SHELL ADR F	4,316	$280K	0.1%	$66.50	—	COM	780259206
KEY	KEYCORP	15,641	$277K	0.1%	$6.55	+87.2%	COM	493267108
PNC	PNC BANK CORP	2,010	$275K	0.1%	$63.28	+64.5%	COM	693475105
—	BANCORP SOUTH CM	9,500	$275K	0.1%	$22.44	—	COM	059692103
—	NOBLE ENERGY INC.	11,925	$267K	0.1%	$54.08	—	COM	655044105
F	FORD MOTOR COMPANY	26,150	$267K	0.1%	$7.77	-8.6%	COM	345370860
—	BARRICK GOLD	16,409	$258K	0.1%	$14.15	—	COM	067901108
—	TOTAL SYSTEMS SERVICES	2,000	$256K	0.1%	$128.00	—	COM	891906109
—	ASHLAND INC	3,200	$255K	0.1%	$119.62	—	COM	044209104
AMGN	AMGEN INC	1,380	$254K	0.1%	$79.04	+84.9%	COM	031162100
—	FERRO CORP	16,026	$253K	0.1%	$7.54	—	COM	315405100
VVV	VALVOLINE INC.	12,900	$251K	0.1%	$23.39	-21.1%	COM	92047W101
FANG	DIAMONDBACK ENERGY	2,301	$250K	0.1%	$86.29	-6.0%	COM	25278X109
LLY	LILLY ELI & COMPANY	2,203	$244K	0.1%	$90.28	+19.6%	COM	532457108
BKH	BLACK HILLS CORP COM	3,068	$239K	0.1%	$52.65	+10.2%	COM	092113109
PYPL	PAYPAL HOLDINGS INC.	2,081	$238K	0.1%	$94.45	+17.1%	COM	70450Y103
ZION	ZIONS BANCORPORATION COM	5,100	$234K	0.1%	$41.18	+12.3%	COM	989701107
OXY	OCCIDENTAL PETE CORP	4,618	$232K	0.1%	$56.76	-14.0%	COM	674599105
FARM	FARMER BROS. CO.	14,100	$230K	0.1%	$33.02	-42.3%	COM	307675108
—	HOLLYFRONTIER CORP COM	4,956	$229K	0.1%	$51.15	—	COM	435758305
ZTS	ZOETIS INC.	2,000	$226K	0.1%	$85.91	+15.5%	COM	98978V103
NRT	NO EUROPEAN OIL TR	31,000	$219K	0.1%	$17.28	—	COM	659310106
KDP	KEURIG DR PEPPER INC.	7,600	$219K	0.1%	$22.82	+6.1%	COM	49271V100
EXPD	EXPEDITORS INTL WASH	2,900	$219K	0.1%	$66.40	+4.8%	COM	302130109
MKL	MARKEL CORP.	200	$217K	0.1%	$1047.93	0.0%	COM	570535104
—	PIONEER NATURAL RES CO	1,400	$215K	0.1%	$152.14	—	COM	723787107
PRK	PARK NATIONAL CORP	2,150	$213K	0.1%	$95.82	+1.2%	COM	700658107
HAL	HALLIBURTON COMPANY	9,361	$212K	0.1%	$32.99	-31.2%	COM	406216101
PRGO	PERRIGO CO	4,450	$211K	0.1%	$46.80	+1.8%	COM	G97822103
CNMD	CONNECTICUT WTR SVCS INC	3,000	$209K	0.1%	$72.38	+7.1%	COM	207410101
IMO	IMPERIAL OIL LTD	7,500	$207K	0.1%	$22.51	+3.6%	COM	453038408
CHDN	CHURCHILL DOWNS INC KY	1,800	$207K	0.1%	$48.99	0.0%	COM	171484108
MATX	MATSON INC COM	5,300	$205K	0.1%	$33.95	0.0%	COM	57686G105
RL	RALPH LAUREN CORP.	1,800	$204K	0.1%	$104.01	+1.1%	COM	751212101
STLD	STEEL DYNAMICS INC	6,700	$202K	0.1%	$30.67	-13.3%	COM	858119100
KWR	QUAKER CHEMICAL CORP	1,000	$202K	0.1%	$198.57	+2.4%	COM	747316107
RF	REGIONS FINANCIAL CP NEW	12,392	$185K	0.1%	$6.12	+83.3%	COM	7591EP100
MWA	MUELLER WATER PRODUCTS	17,000	$166K	0.1%	$5.84	+52.8%	COM	624758108
RIG	TRANSOCEAN SEDCO FOREX	25,827	$165K	0.1%	$48.22	-84.6%	COM	H8817H100
PBR	PETROLEO BRASILERIO ADRF	10,475	$163K	0.1%	$13.47	—	COM	71654V408
KGC	KINROSS GOLD CORP NEW	39,773	$154K	0.1%	$3.92	-14.1%	COM	496902404
—	ENCANA CORP	23,662	$121K	0.0%	$7.02	—	COM	292505104
PBT	PERMIAN BASIN ROYALTY TR	19,900	$120K	0.0%	$12.16	—	COM	714236106
—	INTEVAC INC	19,400	$93,000	0.0%	$12.12	—	COM	461148108
MTUS	TIMKENSTEEL CORP COM	10,950	$89,000	0.0%	$35.63	-74.6%	COM	887399103
XPL	SOLITARIO EXPLORATION	198,000	$63,000	0.0%	$1.31	-72.3%	COM	8342EP107
IAG	IAMGOLD CORPORATION	16,760	$56,000	0.0%	$3.61	-19.2%	COM	450913108
—	PDL BIOPHARMA INC	10,000	$31,000	0.0%	$2.82	—	COM	69329Y104
—	YAMANA GOLD INC	12,000	$30,000	0.0%	$5.27	—	COM	98462Y100
—	NABORS INDUSTRIES INC	10,100	$29,000	0.0%	$1.98	—	COM	G6359F103
HL	HECLA MINING	12,500	$22,000	0.0%	$2.97	-40.4%	COM	422704106
—	STEIN MART INC	10,800	$9,000	0.0%	$1.61	—	COM	858375108
—	GREAT PANTHER SILVER	10,000	$8,000	0.0%	$0.80	—	COM	39115V101