Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SBUX	STARBUCKS CORP	87,199	$7.666M	2.9%	$32.51	+129.1%	COM	855244109
MA	MASTERCARD INC	24,981	$7.459M	2.8%	$70.62	+286.0%	COM	57636Q104
GWW	GRAINGER WW INC	21,479	$7.271M	2.8%	$201.89	+45.8%	COM	384802104
—	LINDE PLC COM	31,746	$6.758M	2.6%	$156.04	—	COM	G5494J103
APD	AIR PRODUCTS & CHEMICALS	23,660	$5.559M	2.1%	$65.22	+197.7%	COM	009158106
HSY	HERSHEY FOODS CORP	34,433	$5.06M	1.9%	$65.77	+95.3%	COM	427866108
ADP	AUTO DATA PROCESSING	29,092	$4.96M	1.9%	$46.19	+214.1%	COM	053015103
XOM	EXXON MOBIL CORP	66,944	$4.671M	1.8%	$53.97	-3.5%	COM	30231G102
PEP	PEPSICO INCORPORATED	32,205	$4.401M	1.7%	$56.24	+100.5%	COM	713448108
TXN	TEXAS INSTRUMENTS INC	34,051	$4.368M	1.7%	$25.31	+309.9%	COM	882508104
CVX	CHEVRONTEXACO CORP	35,584	$4.288M	1.6%	$74.43	+20.5%	COM	166764100
SYY	SYSCO CORP.	49,444	$4.229M	1.6%	$24.48	+179.9%	COM	871829107
JNJ	JOHNSON & JOHNSON	27,800	$4.055M	1.5%	$59.93	+90.4%	COM	478160104
A	AGILENT TECHNOLOGIES	47,451	$4.048M	1.5%	$31.63	+138.5%	COM	00846U101
MSFT	MICROSOFT CORP	25,345	$3.996M	1.5%	$27.57	+405.0%	COM	594918104
TSCO	TRACTOR SUPPLY COMPANY	40,157	$3.752M	1.4%	$9.94	+73.4%	COM	892356106
DIS	DISNEY WALT HOLDING CO	25,292	$3.657M	1.4%	$70.99	+91.2%	COM	254687106
EMR	EMERSON ELECTRIC	47,793	$3.644M	1.4%	$41.74	+50.5%	COM	291011104
MKC	MC CORMICK & CO NEW VT	21,265	$3.609M	1.4%	$29.65	+147.2%	COM	579780206
BF/B	BROWN FORMAN CORP CL B	53,276	$3.601M	1.4%	$31.39	+85.6%	COM	115637209
BR	BROADRIDGE FINANCIAL	26,908	$3.324M	1.3%	$20.36	+440.7%	COM	11133T103
IFF	INTL FLAVOR & FRAGRANCES	25,551	$3.296M	1.2%	$58.56	+84.6%	COM	459506101
UNP	UNION PACIFIC CORP	18,151	$3.281M	1.2%	$67.70	+120.6%	COM	907818108
AAPL	APPLE, INC	10,889	$3.197M	1.2%	$19.39	+219.8%	COM	037833100
—	INGERSOLL-RAND COMPANY	23,180	$3.081M	1.2%	$56.45	—	COM	G47791101
ABT	ABBOTT LABORATORIES	35,004	$3.04M	1.2%	$28.96	+160.0%	COM	002824100
FIS	FIDELITY NATL INFO SVCS	21,738	$3.023M	1.1%	$35.22	+236.7%	COM	31620M106
KMB	KIMBERLY-CLARK CORP	21,962	$3.02M	1.1%	$63.26	+72.0%	COM	494368103
EL	LAUDER ESTEE CORP CL A	13,972	$2.885M	1.1%	$58.38	+207.1%	COM	518439104
SON	SONOCO PRODUCTS INC	43,867	$2.707M	1.0%	$28.56	+66.5%	COM	835495102
ABBV	ABBVIE INC COM	30,551	$2.704M	1.0%	$26.65	+142.5%	COM	00287Y109
DOW	DOW CHEMICAL	47,384	$2.593M	1.0%	$36.27	+1.2%	COM	260557103
KEYS	KEYSIGHT TECHNOLOGIES INC COM	24,875	$2.552M	1.0%	$31.97	+220.2%	COM	49338L103
GRC	GORMAN-RUPP CO COM	66,095	$2.478M	0.9%	$26.03	+39.9%	COM	383082104
—	WESTROCK CO COM	50,755	$2.177M	0.8%	$50.28	—	COM	96145D105
CPK	CHESAPEAKE UTIL CORP	22,714	$2.176M	0.8%	$30.46	+171.1%	COM	165303108
DRI	DARDEN RESTURANTS INC	19,475	$2.122M	0.8%	$33.70	+184.4%	COM	237194105
MIDD	MIDDLEBY CORP THE	19,325	$2.116M	0.8%	$73.60	+55.9%	COM	596278101
—	STERIS PLC	13,026	$1.985M	0.8%	$55.99	—	COM	859152100
NSC	NORFOLK SOUTHERN CORP	9,965	$1.934M	0.7%	$57.67	+187.1%	COM	655844108
CTAS	CINTAS CORP	7,176	$1.93M	0.7%	$10.65	+481.2%	COM	172908105
DE	DEERE & CO	10,950	$1.897M	0.7%	$69.76	+126.4%	COM	244199105
MSA	MINE SAFTEY APPLIANCE CO	14,850	$1.876M	0.7%	$56.12	+114.4%	COM	553498106
—	EATON CORPORATION	19,544	$1.851M	0.7%	$66.81	—	COM	278058102
CASY	CASEYS GENERAL STORES INC	11,575	$1.84M	0.7%	$64.27	+147.4%	COM	147528103
KEX	KIRBY CORP	20,489	$1.834M	0.7%	$78.48	+5.6%	COM	497266106
HD	HOME DEPOT INC	8,088	$1.766M	0.7%	$56.73	+243.7%	COM	437076102
KO	COCA-COLA COMPANY	31,886	$1.764M	0.7%	$28.15	+58.1%	COM	191216100
AIN	ALBANY INT'L CORP.	23,200	$1.761M	0.7%	$33.19	+131.7%	COM	012348108
COST	COSTCO WHOLSALE CORP NEW	5,991	$1.76M	0.7%	$88.47	+206.9%	COM	22160K105
VLO	VALERO ENERGY	18,800	$1.76M	0.7%	$25.07	+193.6%	COM	91913Y100
HON	HONEYWELL INC.	9,847	$1.742M	0.7%	$54.09	+166.1%	COM	438516106
—	BUNGE	28,387	$1.633M	0.6%	$68.98	—	COM	G16962105
MMM	3M COMPANY	9,085	$1.602M	0.6%	$61.68	+81.2%	COM	88579Y101
GIS	GENERAL MILLS INC	29,107	$1.558M	0.6%	$32.05	+33.6%	COM	370334104
PH	PARKER-HANNIFIN CORP	7,550	$1.553M	0.6%	$107.64	+65.1%	COM	701094104
ADI	ANALOG DEVICES INC	13,059	$1.551M	0.6%	$37.35	+170.0%	COM	032654105
AIT	APPLIED INDL. TECH.	23,000	$1.533M	0.6%	$40.80	+39.4%	COM	03820C105
CE	CELANESE CORP.	12,450	$1.532M	0.6%	$47.01	+133.6%	COM	150870103
AXP	AMERICAN EXPRESS CO.	12,050	$1.5M	0.6%	$62.75	+75.5%	COM	025816109
PSX	PHILLIPS 66 COM	13,453	$1.498M	0.6%	$59.09	+47.9%	COM	718546104
AVT	AVNET INC	34,250	$1.453M	0.6%	$25.85	+36.0%	COM	053807103
ASIX	ADVANSIX INC COM	72,576	$1.448M	0.5%	$16.50	+21.0%	COM	00773T101
LOW	LOWES COMPANIES INC	11,800	$1.413M	0.5%	$32.55	+214.5%	COM	548661107
OKE	ONEOK, INC	18,582	$1.406M	0.5%	$20.11	+137.2%	COM	682680103
NTRS	NORTHERN TRUST CORP	13,058	$1.387M	0.5%	$40.63	+108.1%	COM	665859104
—	NEENAH PAPER INC	19,543	$1.376M	0.5%	$32.13	—	COM	640079109
ATO	ATMOS ENERGY CORP	12,226	$1.367M	0.5%	$32.40	+190.8%	COM	049560105
TKR	TIMKEN COMPANY	24,100	$1.357M	0.5%	$39.59	+27.7%	COM	887389104
NEM	NEWMONT GOLDCORP	30,032	$1.304M	0.5%	$22.00	+48.7%	COM	651639106
MUR	MURPHY OIL CORP	48,360	$1.296M	0.5%	$28.35	-35.1%	COM	626717102
AMAT	APPLIED MATERIALS INC	21,050	$1.284M	0.5%	$12.71	+317.0%	COM	038222105
CAT	CATERPILLAR INC	8,353	$1.233M	0.5%	$63.39	+94.1%	COM	149123101
MPC	MARATHON PETE CORP COM	20,405	$1.229M	0.5%	$44.97	+14.8%	COM	56585A102
OLN	OLIN CORP NEW	68,325	$1.178M	0.4%	$16.90	-10.0%	COM	680665205
BMY	BRISTOL MYERS SQUIBB CO	17,965	$1.153M	0.4%	$29.35	+54.0%	COM	110122108
SWK	STANLEY BLACK & DECKER INC.	6,890	$1.141M	0.4%	$58.01	+121.6%	COM	854502101
FELE	FRANKLIN ELEC CO INC	19,800	$1.134M	0.4%	$28.98	+71.1%	COM	353514102
SLB	SCHLUMBERGER LTD F	28,223	$1.134M	0.4%	$42.37	-27.5%	COM	806857108
MET	METLIFE INC	21,982	$1.12M	0.4%	$26.65	+47.6%	COM	59156R108
—	UNITED TECHNOLOGIES CORP	7,307	$1.094M	0.4%	$94.88	—	COM	913017109
GT	GOODYEAR TIRE & RUBBER	70,107	$1.09M	0.4%	$19.76	-20.9%	COM	382550101
SYK	STRYKER CORP	5,150	$1.081M	0.4%	$60.41	+221.4%	COM	863667101
—	CHUBB CORPORATION	6,925	$1.077M	0.4%	$92.24	—	COM	171232101
DOV	DOVER CORPORATION	9,225	$1.063M	0.4%	$41.67	+136.1%	COM	260003108
COP	CONOCOPHILLIPS	16,119	$1.048M	0.4%	$42.93	+9.9%	COM	20825C104
SR	SPIRE	12,450	$1.037M	0.4%	$70.79	—	COM	84857L101
D	DOMINION RESOURCES INC.	12,495	$1.034M	0.4%	$36.84	+69.4%	COM	25746U109
VZ	VERIZON COMM	16,522	$1.014M	0.4%	$27.99	+52.9%	COM	92343V104
MUSA	MURPHY USA INC.	8,603	$1.006M	0.4%	$40.01	+162.0%	COM	626755102
—	DU PONT E I DE NEMOUR&CO	15,207	$976K	0.4%	$72.65	—	COM	263534109
ALLE	ALLEGION PUBLIC LTD. CO.	7,437	$926K	0.4%	$40.39	+164.0%	COM	G0176J109
MRK	MERCK & CO INC	9,910	$901K	0.3%	$30.79	+119.4%	COM	58933Y105
CVGW	CALAVO GROWERS INC	9,500	$860K	0.3%	$25.96	+202.5%	COM	128246105
NGVT	INGEVITY CORP COM	9,385	$820K	0.3%	$38.98	+124.3%	COM	45688C107
ENB	ENBRIDGE INC.	20,261	$805K	0.3%	$24.58	+1.1%	COM	29250N105
—	MARATHON OIL CO.	58,175	$790K	0.3%	$19.11	—	COM	565849106
—	DUKE ENERGY CORPORATION	8,360	$762K	0.3%	$67.96	—	COM	26441C105
MKL	MARKEL CORP.	660	$754K	0.3%	$1109.53	+2.7%	COM	570535104
—	OWENS ILLINOIS INC NEW	62,350	$743K	0.3%	$17.71	—	COM	690768403
GAP	GAP INC	41,167	$727K	0.3%	$25.95	-46.7%	COM	364760108
—	KANSAS CITY SOUTHERN NEW	4,733	$724K	0.3%	$106.53	—	COM	485170302
BHF	BRIGHTHOUSE FINL INC COM	18,409	$722K	0.3%	$59.13	-33.4%	COM	10922N103
CSX	CSX CORP	9,900	$716K	0.3%	$6.91	+215.2%	COM	126408103
GLW	CORNING INC.	24,425	$711K	0.3%	$10.87	+124.8%	COM	219350105
HP	HELMERICH & PAYNE INC	14,900	$676K	0.3%	$63.04	-36.4%	COM	423452101
BK	BANK OF NEW YORK CO INC	13,350	$671K	0.3%	$21.22	+88.2%	COM	064058100
CTVA	CORTEVA INC COM	22,597	$667K	0.3%	$25.53	-4.0%	COM	22052L104
INTC	INTEL	10,888	$651K	0.2%	$17.42	+182.8%	COM	458140100
SHW	SHERWIN WILLIAMS CO	1,100	$641K	0.2%	$53.48	+237.8%	COM	824348106
—	XEROX CORP	16,433	$605K	0.2%	$18.24	—	COM	984121103
AWR	AMERICAN STATES WATER CO	6,950	$602K	0.2%	$21.56	+264.8%	COM	029899101
ATI	ALLEGHENY TECH INC	28,500	$588K	0.2%	$16.62	+30.5%	COM	01741R102
GPC	GENUINE PARTS CO COM	5,460	$580K	0.2%	$55.02	+56.6%	COM	372460105
—	CDK GLOBAL HOLDINGS LLC COM	10,410	$569K	0.2%	$41.70	—	COM	12508E101
ICE	INTERCONTINENTAL EXCHANGE	6,000	$555K	0.2%	$46.42	+84.7%	COM	45866F104
—	AMERITRADE HLDNG CORP CL A	10,550	$524K	0.2%	$24.54	—	COM	87236Y108
PFE	PFIZER INC	13,169	$515K	0.2%	$17.19	+55.3%	COM	717081103
OGS	ONE GAS INC COM	5,208	$487K	0.2%	$46.40	+97.1%	COM	68235P108
—	DENNYS CORP	22,500	$447K	0.2%	$5.70	—	COM	24869P104
CPB	CAMPBELL SOUP COMPANY	9,000	$444K	0.2%	$30.19	+28.5%	COM	134429109
—	ANGLOGOLD LTD	19,850	$443K	0.2%	$14.30	—	COM	035128206
PAG	PENSKE AUTOMOTIVE GROUP	8,800	$441K	0.2%	$31.60	+56.5%	COM	70959W103
WFC	WELLS FARGO & CO NEW	8,042	$432K	0.2%	$27.89	+60.3%	COM	949746101
IBM	INTL BUSINESS MACHINES	3,186	$427K	0.2%	$113.65	-12.1%	COM	459200101
GPN	GLOBAL PAYMENTS INC.	2,300	$419K	0.2%	$155.39	+5.2%	COM	37940X102
PCAR	PACCAR INC	5,300	$419K	0.2%	$22.31	+82.0%	COM	693718108
KN	KNOWLES CORP COM	19,312	$408K	0.2%	$21.48	0.0%	COM	49926D109
ARTNA	ARTESIAN RES CORP CLA	10,913	$406K	0.2%	$15.52	+98.9%	COM	043113208
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,700	$397K	0.2%	$35.03	—	COM	007800105
AZN	ASTRAZENECA PLC ADR	7,846	$391K	0.1%	$43.84	—	COM	046353108
VALPQ	VALARIS PLC	59,458	$390K	0.1%	$4.80	—	COM	G9402V109
OXY	OCCIDENTAL PETE CORP	9,413	$387K	0.1%	$47.73	-24.6%	COM	674599105
AEP	AMER ELECTRIC PWR CO INC	4,080	$385K	0.1%	$31.62	+134.8%	COM	025537101
ORI	OLD REPUBLIC INTL CORP	16,200	$362K	0.1%	$13.49	+2.6%	COM	680223104
NTR	NUTRIEN LTD CO COM	7,500	$359K	0.1%	$38.37	+2.2%	COM	67077M108
BP	BP PLC	9,420	$355K	0.1%	$41.70	—	COM	055622104
AMGN	AMGEN INC	1,470	$354K	0.1%	$85.39	+113.9%	COM	031162100
AEM	AGNICO-EAGLE MINES LTD	5,700	$351K	0.1%	$36.93	+36.3%	COM	008474108
NEE	NEXTERA ENERGY INC	1,430	$346K	0.1%	$27.54	+82.1%	COM	65339F101
AVY	AVERY DENNISON CORP	2,600	$340K	0.1%	$66.26	+71.3%	COM	053611109
IP	INTERNATIONAL PAPER CO	7,338	$337K	0.1%	$27.17	+17.4%	COM	460146103
HBAN	HUNTINGTON BANCSHARES INC	21,718	$327K	0.1%	$4.99	+119.8%	COM	446150104
—	HESS CORPORATION	4,900	$327K	0.1%	$48.50	—	COM	42809H107
USB	US BANCORP DEL	5,500	$326K	0.1%	$22.41	+97.8%	COM	902973304
PNC	PNC BANK CORP	2,010	$320K	0.1%	$63.28	+89.9%	COM	693475105
—	NUVEEN TX QLTY INCM MUN	22,300	$319K	0.1%	$13.63	—	COM	670983105
KEY	KEYCORP	15,641	$316K	0.1%	$6.55	+113.3%	COM	493267108
BDX	BECTON DICKINSON & CO	1,140	$310K	0.1%	$138.32	+63.7%	COM	075887109
—	BARRICK GOLD	16,600	$308K	0.1%	$14.20	—	COM	067901108
AGI	ALAMOS GOLD INC.	50,000	$301K	0.1%	$6.15	-15.6%	COM	011532108
—	NOBLE ENERGY INC.	11,800	$293K	0.1%	$53.75	—	COM	655044105
—	BANCORP SOUTH CM	9,300	$292K	0.1%	$22.44	—	COM	059692103
LLY	LILLY ELI & COMPANY	2,203	$289K	0.1%	$90.28	+19.1%	COM	532457108
CFR	CULLEN FROST BANKERS	2,900	$283K	0.1%	$53.82	+43.3%	COM	229899109
M	MACYS INC.	16,450	$279K	0.1%	$15.65	0.0%	COM	55616P104
VVV	VALVOLINE INC.	12,900	$276K	0.1%	$23.39	-5.7%	COM	92047W101
CMA	COMERICA INC.	3,846	$275K	0.1%	$34.93	+45.0%	COM	200340107
—	MEREDITH CORP.	8,200	$266K	0.1%	$46.98	—	COM	589433101
ZTS	ZOETIS INC.	2,000	$264K	0.1%	$85.91	+37.5%	COM	98978V103
—	ROYAL DUTCH SHELL ADR F	4,316	$254K	0.1%	$66.50	—	COM	780259206
—	HOLLYFRONTIER CORP COM	4,956	$251K	0.1%	$51.15	—	COM	435758305
RIG	TRANSOCEAN SEDCO FOREX	36,354	$250K	0.1%	$35.76	-85.6%	COM	H8817H100
CHDN	CHURCHILL DOWNS INC KY	1,800	$246K	0.1%	$48.99	+29.9%	COM	171484108
CMC	COMMERCIAL METALS CO	11,000	$244K	0.1%	$18.29	0.0%	COM	201723103
—	ASHLAND INC	3,200	$244K	0.1%	$119.62	—	COM	044209104
ZION	ZIONS BANCORPORATION COM	4,700	$244K	0.1%	$41.18	+17.9%	COM	989701107
F	FORD MOTOR COMPANY	26,150	$243K	0.1%	$7.77	-14.0%	COM	345370860
MATX	MATSON INC COM	5,800	$236K	0.1%	$34.62	0.0%	COM	57686G105
—	FERRO CORP	15,926	$236K	0.1%	$7.54	—	COM	315405100
MWA	MUELLER WATER PRODUCTS	19,500	$233K	0.1%	$6.27	+64.5%	COM	624758108
BKH	BLACK HILLS CORP COM	2,934	$230K	0.1%	$52.65	+14.2%	COM	092113109
FANG	DIAMONDBACK ENERGY	2,479	$230K	0.1%	$84.74	-23.5%	COM	25278X109
HAL	HALLIBURTON COMPANY	9,345	$228K	0.1%	$18.78	0.0%	COM	406216101
EXPD	EXPEDITORS INTL WASH	2,900	$226K	0.1%	$66.40	+4.8%	COM	302130109
PYPL	PAYPAL HOLDINGS INC.	2,081	$225K	0.1%	$94.45	+10.1%	COM	70450Y103
PRGO	PERRIGO CO	4,350	$224K	0.1%	$46.80	+11.7%	COM	G97822103
PRK	PARK NATIONAL CORP	2,150	$220K	0.1%	$95.82	+4.2%	COM	700658107
KDP	KEURIG DR PEPPER INC.	7,600	$220K	0.1%	$22.82	+8.1%	COM	49271V100
RF	REGIONS FINANCIAL CP NEW	12,478	$214K	0.1%	$6.21	+105.7%	COM	7591EP100
—	PIONEER NATURAL RES CO	1,400	$211K	0.1%	$150.71	—	COM	723787107
RL	RALPH LAUREN CORP.	1,800	$210K	0.1%	$93.76	0.0%	COM	751212101
—	BARNES GROUP INC	3,400	$210K	0.1%	$61.76	—	COM	067806109
PAYX	PAYCHEX INC	2,471	$210K	0.1%	$70.68	0.0%	COM	704326107
STLD	STEEL DYNAMICS INC	6,100	$207K	0.1%	$28.20	0.0%	COM	858119100
FARM	FARMER BROS. CO.	13,700	$206K	0.1%	$33.02	-55.8%	COM	307675108
—	KELLOGG COMPANY	2,960	$204K	0.1%	$48.55	0.0%	COM	487836108
SCHW	THE CHARLES SCHWAB CORP	4,300	$204K	0.1%	$40.49	0.0%	COM	808513105
CME	CME GROUP INC COM	1,007	$202K	0.1%	$164.33	-1.4%	COM	12572Q105
KGC	KINROSS GOLD CORP NEW	39,600	$187K	0.1%	$3.92	+15.0%	COM	496902404
NRT	NO EUROPEAN OIL TR	30,300	$179K	0.1%	$17.28	—	COM	659310106
MTUS	TIMKENSTEEL CORP COM	16,850	$132K	0.1%	$25.45	-75.4%	COM	887399103
—	INTEVAC INC	17,600	$124K	0.0%	$12.12	—	COM	461148108
—	ENCANA CORP	24,594	$115K	0.0%	$6.93	—	COM	292505104
PBT	PERMIAN BASIN ROYALTY TR	20,400	$79,000	0.0%	$11.99	—	COM	714236106
IAG	IAMGOLD CORPORATION	17,000	$63,000	0.0%	$3.61	-2.0%	COM	450913108
XPL	SOLITARIO EXPLORATION	193,000	$57,000	0.0%	$1.31	-78.4%	COM	8342EP107
ORN	ORION MARINE GROUP	10,000	$51,000	0.0%	$4.15	+19.7%	COM	68628V308
—	YAMANA GOLD INC	11,500	$45,000	0.0%	$5.27	—	COM	98462Y100
HL	HECLA MINING	12,500	$42,000	0.0%	$2.97	-19.9%	COM	422704106
—	PDL BIOPHARMA INC	13,000	$42,000	0.0%	$2.66	—	COM	69329Y104
—	NABORS INDUSTRIES INC	10,600	$30,000	0.0%	$1.97	—	COM	G6359F103
—	STEIN MART INC	10,800	$7,000	0.0%	$1.61	—	COM	858375108
—	GREAT PANTHER SILVER	10,000	$5,000	0.0%	$0.80	—	COM	39115V101