Fruth Investment Management Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CAG	CONAGRA INCORPORATED	48,000	$1	0.2%	$17.64	0.0%	COM	205887102
Q	QNITY ELECTRONICS INC.	8,684	$1	0.2%	$84.91	0.0%	COM	74743L100
AVY	AVERY DENNISON CORP	1,200	$0	0.1%	$172.31	0.0%	COM	053611109
JOE	ST JOE COMPANY	3,450	$0	0.1%	$56.01	0.0%	COM	790148100
CMI	CUMMINS INC	400	$0	0.1%	$466.32	0.0%	COM	231021106
JCI	JOHNSON CONTROLS	1,700	$0	0.1%	$114.81	0.0%	COM	G51502105
ALCO	ALICO INC.	5,500	$0	0.1%	$34.77	0.0%	COM	016230104
PTEN	PATTERSON UTIL ENRGY	10,100	$0	0.0%	$5.97	0.0%	COM	703481101

Increased Positions (14)

NEM NEWMONT GOLDCORP 0.9%

Value ($000) $3 (+24.3%) Shares 31,866 (+4.9%) Est. Cost $27.28 Unrealized +230.6%

WPM WHEATON PRECIOUS MET. 0.2%

Value ($000) $1 (+72.7%) Shares 5,500 (+64.2%) Est. Cost $82.33 Unrealized +30.1%

DNOW DNOW INC COM 0.3%

Value ($000) $1 (+30.9%) Shares 76,400 (+50.7%) Est. Cost $14.75 Unrealized -4.8%

KGC KINROSS GOLD CORP NEW 0.3%

Value ($000) $1 (+21.5%) Shares 44,600 (+7.2%) Est. Cost $5.87 Unrealized +342.8%

MOS MOSAIC CO NEW 0.1%

Value ($000) $0 (-28.6%) Shares 17,950 (+2.9%) Est. Cost $22.94 Unrealized +16.6%

CVX CHEVRONTEXACO CORP 2.2%

Value ($000) $8 (+1.8%) Shares 53,390 (+3.7%) Est. Cost $86.78 Unrealized +74.5%

FNV FRANCO NEVADA CORP. 0.4%

Value ($000) $1 (+10.0%) Shares 6,450 (+18.3%) Est. Cost $143.84 Unrealized +41.0%

RIG TRANSOCEAN SEDCO FOREX 0.1%

Value ($000) $0 (+36.1%) Shares 90,378 (+2.8%) Est. Cost $15.88 Unrealized -75.5%

GIS GENERAL MILLS INC 0.3%

Value ($000) $1 (-6.8%) Shares 25,655 (+1.1%) Est. Cost $32.44 Unrealized +46.3%

AEP AMER ELECTRIC PWR CO INC 0.1%

Value ($000) $0 (+8.4%) Shares 3,580 (+5.9%) Est. Cost $36.43 Unrealized +223.1%

TPL TEX PAC LAND SUB CTF 0.1%

Value ($000) $0 (-7.9%) Shares 900 (+200.0%) Est. Cost $271.61 Unrealized +12.3%

— XEROX CORP 0.0%

Value ($000) $0 (-33.9%) Shares 16,792 (+6.3%) Est. Cost $13.15 Unrealized —

MXC MEXCO ENERGY CORP. 0.0%

Value ($000) $0 (+16.3%) Shares 10,819 (+6.6%) Est. Cost $8.49 Unrealized +9.9%

D DOMINION RESOURCES INC. 0.1%

Value ($000) $0 (+3.1%) Shares 5,631 (+7.7%) Est. Cost $38.48 Unrealized +55.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NEM	NEWMONT GOLDCORP	31,866 (+4.9%)	$3 (+24.3%)	0.9%	$27.28	+230.6%	COM	651639106
WPM	WHEATON PRECIOUS MET.	5,500 (+64.2%)	$1 (+72.7%)	0.2%	$82.33	+30.1%	COM	962879102
DNOW	DNOW INC COM	76,400 (+50.7%)	$1 (+30.9%)	0.3%	$14.75	-4.8%	COM	67011P100
KGC	KINROSS GOLD CORP NEW	44,600 (+7.2%)	$1 (+21.5%)	0.3%	$5.87	+342.8%	COM	496902404
MOS	MOSAIC CO NEW	17,950 (+2.9%)	$0 (-28.6%)	0.1%	$22.94	+16.6%	COM	61945C103
CVX	CHEVRONTEXACO CORP	53,390 (+3.7%)	$8 (+1.8%)	2.2%	$86.78	+74.5%	COM	166764100
FNV	FRANCO NEVADA CORP.	6,450 (+18.3%)	$1 (+10.0%)	0.4%	$143.84	+41.0%	COM	351858105
RIG	TRANSOCEAN SEDCO FOREX	90,378 (+2.8%)	$0 (+36.1%)	0.1%	$15.88	-75.5%	COM	H8817H100
GIS	GENERAL MILLS INC	25,655 (+1.1%)	$1 (-6.8%)	0.3%	$32.44	+46.3%	COM	370334104
AEP	AMER ELECTRIC PWR CO INC	3,580 (+5.9%)	$0 (+8.4%)	0.1%	$36.43	+223.1%	COM	025537101
TPL	TEX PAC LAND SUB CTF	900 (+200.0%)	$0 (-7.9%)	0.1%	$271.61	+12.3%	COM	88262P102
—	XEROX CORP	16,792 (+6.3%)	$0 (-33.9%)	0.0%	$13.15	—	COM	984121103
MXC	MEXCO ENERGY CORP.	10,819 (+6.6%)	$0 (+16.3%)	0.0%	$8.49	+9.9%	COM	592770101
D	DOMINION RESOURCES INC.	5,631 (+7.7%)	$0 (+3.1%)	0.1%	$38.48	+55.3%	COM	25746U109

Exited Positions (3)

ORCL ORACLE SYSTEMS CORP 0.1%

Value ($000) $0 Shares 1,075 Est. Cost $160.80 Unrealized +48.0%

ITW ILLINOIS TOOL WORKS 0.1%

Value ($000) $0 Shares 800 Est. Cost $217.67 Unrealized +13.7%

NFG NAT'L FUEL GAS CO. 0.1%

Value ($000) $0 Shares 2,200 Est. Cost $87.18 Unrealized -5.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE SYSTEMS CORP	1,075	$0	0.1%	$160.80	+48.0%	—	68389X105
ITW	ILLINOIS TOOL WORKS	800	$0	0.1%	$217.67	+13.7%	—	452308109
NFG	NAT'L FUEL GAS CO.	2,200	$0	0.1%	$87.18	-5.5%	—	636180101

Decreased Positions (28)

MSFT MICROSOFT CORP 2.2%

Value ($000) $8 (-15.7%) Shares 16,652 (-9.8%) Est. Cost $27.57 Unrealized +1715.5%

— LINDE PLC COM 3.0%

Value ($000) $11 (-11.8%) Shares 26,302 (-1.7%) Est. Cost $156.04 Unrealized —

TSCO TRACTOR SUPPLY COMPANY 2.1%

Value ($000) $8 (-14.6%) Shares 155,065 (-2.9%) Est. Cost $46.27 Unrealized +16.1%

TT TRANE TECHNOLOGIES PLC 2.0%

Value ($000) $7 (-14.0%) Shares 18,775 (-6.7%) Est. Cost $93.73 Unrealized +341.3%

GWW GRAINGER WW INC 4.6%

Value ($000) $17 (+4.6%) Shares 17,067 (-1.2%) Est. Cost $202.80 Unrealized +377.8%

CAT CATERPILLAR INC 1.2%

Value ($000) $4 (+17.3%) Shares 7,563 (-2.3%) Est. Cost $63.39 Unrealized +776.4%

APD AIR PRODUCTS & CHEMICALS 1.3%

Value ($000) $5 (-11.3%) Shares 19,655 (-2.1%) Est. Cost $65.22 Unrealized +285.9%

VIK VIKING HOLDINGS INC. 1.3%

Value ($000) $5 (+12.7%) Shares 66,544 (-1.9%) Est. Cost $30.22 Unrealized +111.2%

TXN TEXAS INSTRUMENTS INC 0.6%

Value ($000) $2 (-7.9%) Shares 12,380 (-2.4%) Est. Cost $25.31 Unrealized +574.6%

VLO VALERO ENERGY 0.7%

Value ($000) $3 (-5.6%) Shares 16,050 (-1.2%) Est. Cost $27.15 Unrealized +521.8%

NSC NORFOLK SOUTHERN CORP 0.6%

Value ($000) $2 (-5.7%) Shares 7,808 (-1.9%) Est. Cost $57.67 Unrealized +400.4%

CMA COMERICA INC. 0.3%

Value ($000) $1 (+15.7%) Shares 11,290 (-8.9%) Est. Cost $40.57 Unrealized +97.1%

EMR EMERSON ELECTRIC 1.3%

Value ($000) $5 (-2.2%) Shares 36,679 (-3.4%) Est. Cost $41.74 Unrealized +217.2%

SBUX STARBUCKS CORP 1.6%

Value ($000) $6 (-1.6%) Shares 68,981 (-1.1%) Est. Cost $32.51 Unrealized +158.6%

GLW CORNING INC. 0.5%

Value ($000) $2 (+4.7%) Shares 20,000 (-2.0%) Est. Cost $11.05 Unrealized +678.2%

HP HELMERICH & PAYNE INC 0.1%

Value ($000) $0 (+25.3%) Shares 12,800 (-3.8%) Est. Cost $60.66 Unrealized -56.2%

BHF BRIGHTHOUSE FINL INC COM 0.1%

Value ($000) $0 (+18.6%) Shares 6,800 (-2.9%) Est. Cost $58.82 Unrealized -0.1%

CLF CLEVELAND-CLIFFS, INC. 0.2%

Value ($000) $1 (+7.1%) Shares 61,725 (-1.6%) Est. Cost $14.89 Unrealized -15.2%

PFE PFIZER INC 0.2%

Value ($000) $1 (-6.1%) Shares 24,762 (-3.9%) Est. Cost $22.93 Unrealized +9.2%

NRT NO EUROPEAN OIL TR 0.1%

Value ($000) $0 (+16.0%) Shares 31,034 (-3.1%) Est. Cost $15.00 Unrealized —

KEY KEYCORP 0.1%

Value ($000) $0 (+9.0%) Shares 15,916 (-1.2%) Est. Cost $7.41 Unrealized +149.5%

INTC INTEL 0.1%

Value ($000) $0 (+6.7%) Shares 9,878 (-2.9%) Est. Cost $22.59 Unrealized +67.2%

CAL CALERES INC. 0.0%

Value ($000) $0 (-9.8%) Shares 13,600 (-3.5%) Est. Cost $10.71 Unrealized +14.4%

SWK STANLEY BLACK & DECKER INC. 0.1%

Value ($000) $0 (-4.1%) Shares 4,075 (-4.1%) Est. Cost $59.57 Unrealized +17.3%

DOW DOW CHEMICAL 0.3%

Value ($000) $1 (+1.0%) Shares 49,256 (-1.0%) Est. Cost $36.33 Unrealized -37.3%

CSX CSX CORP 0.3%

Value ($000) $1 (+1.1%) Shares 28,900 (-1.0%) Est. Cost $22.94 Unrealized +55.6%

CE CELANESE CORP. 0.1%

Value ($000) $0 (-2.9%) Shares 8,815 (-3.3%) Est. Cost $49.37 Unrealized -17.4%

NTRS NORTHERN TRUST CORP 0.3%

Value ($000) $1 (-0.4%) Shares 8,720 (-1.9%) Est. Cost $42.51 Unrealized +207.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	16,652 (-9.8%)	$8 (-15.7%)	2.2%	$27.57	+1715.5%	COM	594918104
—	LINDE PLC COM	26,302 (-1.7%)	$11 (-11.8%)	3.0%	$156.04	—	COM	G5494J103
TSCO	TRACTOR SUPPLY COMPANY	155,065 (-2.9%)	$8 (-14.6%)	2.1%	$46.27	+16.1%	COM	892356106
TT	TRANE TECHNOLOGIES PLC	18,775 (-6.7%)	$7 (-14.0%)	2.0%	$93.73	+341.3%	COM	G8994E103
GWW	GRAINGER WW INC	17,067 (-1.2%)	$17 (+4.6%)	4.6%	$202.80	+377.8%	COM	384802104
CAT	CATERPILLAR INC	7,563 (-2.3%)	$4 (+17.3%)	1.2%	$63.39	+776.4%	COM	149123101
APD	AIR PRODUCTS & CHEMICALS	19,655 (-2.1%)	$5 (-11.3%)	1.3%	$65.22	+285.9%	COM	009158106
VIK	VIKING HOLDINGS INC.	66,544 (-1.9%)	$5 (+12.7%)	1.3%	$30.22	+111.2%	COM	G93A5A101
TXN	TEXAS INSTRUMENTS INC	12,380 (-2.4%)	$2 (-7.9%)	0.6%	$25.31	+574.6%	COM	882508104
VLO	VALERO ENERGY	16,050 (-1.2%)	$3 (-5.6%)	0.7%	$27.15	+521.8%	COM	91913Y100
NSC	NORFOLK SOUTHERN CORP	7,808 (-1.9%)	$2 (-5.7%)	0.6%	$57.67	+400.4%	COM	655844108
CMA	COMERICA INC.	11,290 (-8.9%)	$1 (+15.7%)	0.3%	$40.57	+97.1%	COM	200340107
EMR	EMERSON ELECTRIC	36,679 (-3.4%)	$5 (-2.2%)	1.3%	$41.74	+217.2%	COM	291011104
SBUX	STARBUCKS CORP	68,981 (-1.1%)	$6 (-1.6%)	1.6%	$32.51	+158.6%	COM	855244109
GLW	CORNING INC.	20,000 (-2.0%)	$2 (+4.7%)	0.5%	$11.05	+678.2%	COM	219350105
HP	HELMERICH & PAYNE INC	12,800 (-3.8%)	$0 (+25.3%)	0.1%	$60.66	-56.2%	COM	423452101
BHF	BRIGHTHOUSE FINL INC COM	6,800 (-2.9%)	$0 (+18.6%)	0.1%	$58.82	-0.1%	COM	10922N103
CLF	CLEVELAND-CLIFFS, INC.	61,725 (-1.6%)	$1 (+7.1%)	0.2%	$14.89	-15.2%	COM	185899101
PFE	PFIZER INC	24,762 (-3.9%)	$1 (-6.1%)	0.2%	$22.93	+9.2%	COM	717081103
NRT	NO EUROPEAN OIL TR	31,034 (-3.1%)	$0 (+16.0%)	0.1%	$15.00	—	COM	659310106
KEY	KEYCORP	15,916 (-1.2%)	$0 (+9.0%)	0.1%	$7.41	+149.5%	COM	493267108
INTC	INTEL	9,878 (-2.9%)	$0 (+6.7%)	0.1%	$22.59	+67.2%	COM	458140100
CAL	CALERES INC.	13,600 (-3.5%)	$0 (-9.8%)	0.0%	$10.71	+14.4%	COM	129500104
SWK	STANLEY BLACK & DECKER INC.	4,075 (-4.1%)	$0 (-4.1%)	0.1%	$59.57	+17.3%	COM	854502101
DOW	DOW CHEMICAL	49,256 (-1.0%)	$1 (+1.0%)	0.3%	$36.33	-37.3%	COM	260557103
CSX	CSX CORP	28,900 (-1.0%)	$1 (+1.1%)	0.3%	$22.94	+55.6%	COM	126408103
CE	CELANESE CORP.	8,815 (-3.3%)	$0 (-2.9%)	0.1%	$49.37	-17.4%	COM	150870103
NTRS	NORTHERN TRUST CORP	8,720 (-1.9%)	$1 (-0.4%)	0.3%	$42.51	+207.6%	COM	665859104

Unchanged Positions (170)

AMAT APPLIED MATERIALS INC 1.3%

Value ($000) $5 Shares 18,725 Est. Cost $14.34 Unrealized +1570.3%

ADP AUTO DATA PROCESSING 1.7%

Value ($000) $6 Shares 25,191 Est. Cost $49.46 Unrealized +435.5%

— EATON CORPORATION 1.3%

Value ($000) $5 Shares 15,572 Est. Cost $67.08 Unrealized —

PH PARKER-HANNIFIN CORP 1.4%

Value ($000) $5 Shares 6,075 Est. Cost $107.64 Unrealized +659.7%

— DU PONT E I DE NEMOUR&CO 0.2%

Value ($000) $1 Shares 17,376 Est. Cost $63.62 Unrealized —

KEYS KEYSIGHT TECHNOLOGIES INC COM 1.2%

Value ($000) $4 Shares 22,035 Est. Cost $33.81 Unrealized +448.8%

MPC MARATHON PETE CORP COM 0.9%

Value ($000) $3 Shares 19,838 Est. Cost $46.13 Unrealized +304.0%

XOM EXXON MOBIL CORP 2.6%

Value ($000) $10 Shares 80,657 Est. Cost $53.11 Unrealized +117.5%

HD HOME DEPOT INC 0.8%

Value ($000) $3 Shares 8,871 Est. Cost $72.10 Unrealized +405.7%

JNJ JOHNSON & JOHNSON 1.4%

Value ($000) $5 Shares 24,342 Est. Cost $59.93 Unrealized +228.7%

KMB KIMBERLY-CLARK CORP 0.5%

Value ($000) $2 Shares 19,259 Est. Cost $65.07 Unrealized +66.6%

ATI ALLEGHENY TECH INC 0.4%

Value ($000) $1 Shares 12,750 Est. Cost $16.58 Unrealized +487.7%

KEX KIRBY CORP 0.5%

Value ($000) $2 Shares 15,617 Est. Cost $73.07 Unrealized +39.1%

AXP AMERICAN EXPRESS CO. 1.1%

Value ($000) $4 Shares 10,980 Est. Cost $64.37 Unrealized +454.6%

AAPL APPLE, INC 1.7%

Value ($000) $6 Shares 23,671 Est. Cost $83.20 Unrealized +222.5%

MRK MERCK & CO INC 0.5%

Value ($000) $2 Shares 18,390 Est. Cost $52.00 Unrealized +79.3%

SYY SYSCO CORP. 0.8%

Value ($000) $3 Shares 38,729 Est. Cost $24.48 Unrealized +208.4%

COST COSTCO WHOLSALE CORP NEW 1.2%

Value ($000) $4 Shares 5,030 Est. Cost $95.71 Unrealized +846.4%

OLN OLIN CORP NEW 0.4%

Value ($000) $1 Shares 70,312 Est. Cost $16.13 Unrealized +32.9%

ADI ANALOG DEVICES INC 0.9%

Value ($000) $3 Shares 11,895 Est. Cost $40.57 Unrealized +517.7%

CTAS CINTAS CORP 0.9%

Value ($000) $3 Shares 17,249 Est. Cost $145.82 Unrealized +29.0%

ABT ABBOTT LABORATORIES 1.0%

Value ($000) $4 Shares 29,652 Est. Cost $30.33 Unrealized +319.7%

A AGILENT TECHNOLOGIES 1.5%

Value ($000) $5 Shares 39,772 Est. Cost $31.63 Unrealized +354.3%

STLD STEEL DYNAMICS INC 0.4%

Value ($000) $1 Shares 8,400 Est. Cost $22.96 Unrealized +589.7%

— ANGLOGOLD LTD 0.4%

Value ($000) $1 Shares 16,800 Est. Cost $14.40 Unrealized —

MIDD MIDDLEBY CORP THE 0.6%

Value ($000) $2 Shares 15,435 Est. Cost $73.60 Unrealized +78.4%

DOV DOVER CORPORATION 0.4%

Value ($000) $2 Shares 7,825 Est. Cost $41.67 Unrealized +336.4%

B BARRICK MINING CORP 0.2%

Value ($000) $1 Shares 19,800 Est. Cost $19.58 Unrealized +91.1%

HSY HERSHEY FOODS CORP 1.5%

Value ($000) $6 Shares 30,914 Est. Cost $69.48 Unrealized +162.1%

CMC COMMERCIAL METALS CO 0.3%

Value ($000) $1 Shares 17,400 Est. Cost $20.09 Unrealized +210.6%

BG BUNGE 0.6%

Value ($000) $2 Shares 26,816 Est. Cost $88.20 Unrealized +4.1%

TKR TIMKEN COMPANY 0.5%

Value ($000) $2 Shares 22,234 Est. Cost $39.59 Unrealized +100.9%

— CHUBB CORPORATION 0.5%

Value ($000) $2 Shares 6,421 Est. Cost $93.59 Unrealized —

EL LAUDER ESTEE CORP CL A 0.3%

Value ($000) $1 Shares 10,972 Est. Cost $63.29 Unrealized +53.0%

CPK CHESAPEAKE UTIL CORP 0.6%

Value ($000) $2 Shares 17,824 Est. Cost $30.46 Unrealized +331.2%

MUR MURPHY OIL CORP 0.5%

Value ($000) $2 Shares 60,821 Est. Cost $24.17 Unrealized +22.5%

MKL MARKEL CORP. 0.4%

Value ($000) $1 Shares 684 Est. Cost $1095.40 Unrealized +84.9%

SLB SCHLUMBERGER LTD F 0.4%

Value ($000) $1 Shares 38,615 Est. Cost $37.08 Unrealized -2.7%

MATX MATSON INC COM 0.2%

Value ($000) $1 Shares 6,200 Est. Cost $39.38 Unrealized +171.9%

SW SMURFIT WESTROCK LTD 0.4%

Value ($000) $1 Shares 37,322 Est. Cost $43.84 Unrealized -13.0%

HON HONEYWELL INC. 0.5%

Value ($000) $2 Shares 9,772 Est. Cost $69.28 Unrealized +181.5%

CASY CASEYS GENERAL STORES INC 1.6%

Value ($000) $6 Shares 10,464 Est. Cost $89.66 Unrealized +513.0%

AGI ALAMOS GOLD INC. 0.4%

Value ($000) $2 Shares 40,000 Est. Cost $6.15 Unrealized +466.9%

MSA MINE SAFTEY APPLIANCE CO 0.5%

Value ($000) $2 Shares 11,965 Est. Cost $56.12 Unrealized +190.1%

BMY BRISTOL MYERS SQUIBB CO 0.2%

Value ($000) $1 Shares 15,680 Est. Cost $30.32 Unrealized +56.8%

AIT APPLIED INDL. TECH. 1.4%

Value ($000) $5 Shares 19,994 Est. Cost $40.80 Unrealized +525.3%

ASIX ADVANSIX INC COM 0.3%

Value ($000) $1 Shares 63,061 Est. Cost $16.50 Unrealized +5.2%

CIEN CIENA CORP NEW 0.1%

Value ($000) $0 Shares 1,500 Est. Cost $71.73 Unrealized +170.5%

ALLE ALLEGION PUBLIC LTD. CO. 0.3%

Value ($000) $1 Shares 6,882 Est. Cost $44.84 Unrealized +271.8%

GAP GAP INC 0.2%

Value ($000) $1 Shares 29,500 Est. Cost $25.35 Unrealized -5.1%

AVT AVNET INC 0.4%

Value ($000) $1 Shares 29,155 Est. Cost $26.77 Unrealized +82.7%

OGN ORGANON & CO. 0.1%

Value ($000) $0 Shares 34,850 Est. Cost $26.36 Unrealized -70.1%

PAG PENSKE AUTOMOTIVE GROUP 0.3%

Value ($000) $1 Shares 7,800 Est. Cost $31.60 Unrealized +420.4%

DRI DARDEN RESTURANTS INC 0.8%

Value ($000) $3 Shares 15,850 Est. Cost $35.32 Unrealized +415.5%

M MACYS INC. 0.2%

Value ($000) $1 Shares 27,950 Est. Cost $14.37 Unrealized +42.5%

RTX RTX CORP. 0.4%

Value ($000) $1 Shares 7,267 Est. Cost $54.61 Unrealized +217.4%

AZN ASTRAZENECA PLC ADR 0.2%

Value ($000) $1 Shares 6,998 Est. Cost $43.84 Unrealized —

IFF INTL FLAVOR & FRAGRANCES 0.4%

Value ($000) $1 Shares 19,422 Est. Cost $59.16 Unrealized +8.9%

— O-I GLASS, INC. 0.2%

Value ($000) $1 Shares 60,707 Est. Cost $16.97 Unrealized —

— ASA GOLD & PRECS MTLS 0.1%

Value ($000) $0 Shares 7,500 Est. Cost $0.03 Unrealized —

MUSA MURPHY USA INC. 0.8%

Value ($000) $3 Shares 7,346 Est. Cost $45.74 Unrealized +738.1%

VTRS VIATRIS INC. 0.1%

Value ($000) $0 Shares 39,010 Est. Cost $13.07 Unrealized -18.0%

PAAS PAN AMERICAN SILVER 0.1%

Value ($000) $0 Shares 7,500 Est. Cost $23.93 Unrealized +75.0%

KO COCA-COLA COMPANY 0.5%

Value ($000) $2 Shares 28,325 Est. Cost $29.51 Unrealized +135.2%

LOW LOWES COMPANIES INC 0.6%

Value ($000) $2 Shares 9,200 Est. Cost $32.55 Unrealized +636.9%

PCAR PACCAR INC 0.2%

Value ($000) $1 Shares 7,922 Est. Cost $36.63 Unrealized +176.3%

SYK STRYKER CORP 0.5%

Value ($000) $2 Shares 4,900 Est. Cost $60.41 Unrealized +501.6%

VVV VALVOLINE INC. 0.1%

Value ($000) $0 Shares 12,480 Est. Cost $23.39 Unrealized +37.3%

GPC GENUINE PARTS CO COM 0.2%

Value ($000) $1 Shares 5,310 Est. Cost $56.06 Unrealized +129.6%

CTRA COTERRA ENERGY INC. 0.2%

Value ($000) $1 Shares 30,714 Est. Cost $17.33 Unrealized +44.9%

UNP UNION PACIFIC CORP 1.0%

Value ($000) $4 Shares 15,606 Est. Cost $67.70 Unrealized +235.8%

GT GOODYEAR TIRE & RUBBER 0.2%

Value ($000) $1 Shares 64,651 Est. Cost $18.50 Unrealized -57.4%

DE DEERE & CO 1.6%

Value ($000) $6 Shares 12,500 Est. Cost $82.46 Unrealized +467.1%

PSX PHILLIPS 66 COM 0.4%

Value ($000) $1 Shares 11,623 Est. Cost $60.32 Unrealized +122.2%

NTAP NETAPP INC. 0.2%

Value ($000) $1 Shares 7,150 Est. Cost $43.28 Unrealized +162.5%

AMGN AMGEN INC 0.2%

Value ($000) $1 Shares 1,740 Est. Cost $108.64 Unrealized +190.8%

GRC GORMAN-RUPP CO COM 0.8%

Value ($000) $3 Shares 63,099 Est. Cost $26.65 Unrealized +74.8%

BK BANK OF NEW YORK CO INC 0.4%

Value ($000) $1 Shares 11,305 Est. Cost $21.22 Unrealized +420.7%

ORLY O REILLY AUTOMOTIVE INC 0.1%

Value ($000) $0 Shares 4,500 Est. Cost $87.98 Unrealized +11.0%

SHW SHERWIN WILLIAMS CO 0.3%

Value ($000) $1 Shares 3,300 Est. Cost $193.12 Unrealized +73.0%

— INGERSOLL-RAND COMPANY 0.4%

Value ($000) $1 Shares 17,955 Est. Cost $56.28 Unrealized —

— STERIS PLC 0.8%

Value ($000) $3 Shares 11,335 Est. Cost $57.09 Unrealized —

RL RALPH LAUREN CORP. 0.2%

Value ($000) $1 Shares 1,700 Est. Cost $111.82 Unrealized +204.1%

ENB ENBRIDGE INC. 0.3%

Value ($000) $1 Shares 25,539 Est. Cost $24.38 Unrealized +93.3%

NGVT INGEVITY CORP COM 0.3%

Value ($000) $1 Shares 16,957 Est. Cost $54.82 Unrealized -1.0%

ORI OLD REPUBLIC INTL CORP 0.3%

Value ($000) $1 Shares 20,358 Est. Cost $13.88 Unrealized +194.1%

OXY OCCIDENTAL PETE CORP 0.1%

Value ($000) $0 Shares 10,003 Est. Cost $44.43 Unrealized -6.5%

CHDN CHURCHILL DOWNS INC KY 0.1%

Value ($000) $0 Shares 3,600 Est. Cost $95.65 Unrealized +8.2%

EXPD EXPEDITORS INTL WASH 0.1%

Value ($000) $0 Shares 2,150 Est. Cost $68.29 Unrealized +98.6%

MET METLIFE INC 0.4%

Value ($000) $1 Shares 17,301 Est. Cost $26.65 Unrealized +196.2%

PEP PEPSICO INCORPORATED 1.1%

Value ($000) $4 Shares 27,336 Est. Cost $56.24 Unrealized +159.4%

AIN ALBANY INT'L CORP. 0.3%

Value ($000) $1 Shares 19,905 Est. Cost $33.48 Unrealized +54.0%

CARR CARRIER GLOBAL CORP. 0.1%

Value ($000) $0 Shares 7,281 Est. Cost $26.37 Unrealized +110.6%

WFC WELLS FARGO & CO NEW 0.1%

Value ($000) $1 Shares 5,418 Est. Cost $23.87 Unrealized +263.0%

SCHW THE CHARLES SCHWAB CORP 0.4%

Value ($000) $1 Shares 14,315 Est. Cost $42.34 Unrealized +123.7%

VZ VERIZON COMM 0.2%

Value ($000) $1 Shares 14,814 Est. Cost $29.33 Unrealized +38.0%

BF/B BROWN FORMAN CORP CL B 0.3%

Value ($000) $1 Shares 44,687 Est. Cost $32.03 Unrealized -12.6%

NTR NUTRIEN LTD CO COM 0.3%

Value ($000) $1 Shares 15,161 Est. Cost $42.23 Unrealized +39.4%

CC CHEMOURS COMPANY 0.0%

Value ($000) $0 Shares 10,855 Est. Cost $11.76 Unrealized +8.7%

DINO HF SINCLAIR CORP. 0.1%

Value ($000) $0 Shares 6,950 Est. Cost $30.32 Unrealized +69.2%

IP INTERNATIONAL PAPER CO 0.1%

Value ($000) $0 Shares 6,045 Est. Cost $27.17 Unrealized +50.3%

ZTS ZOETIS INC. 0.1%

Value ($000) $0 Shares 2,000 Est. Cost $85.91 Unrealized +51.6%

DIS DISNEY WALT HOLDING CO 0.7%

Value ($000) $3 Shares 22,034 Est. Cost $73.99 Unrealized +48.0%

ICE INTERCONTINENTAL EXCHANGE 0.3%

Value ($000) $1 Shares 6,000 Est. Cost $46.42 Unrealized +236.5%

KR KROGER CO 0.1%

Value ($000) $0 Shares 7,500 Est. Cost $33.97 Unrealized +92.0%

MKC MC CORMICK & CO NEW VT 0.7%

Value ($000) $3 Shares 36,980 Est. Cost $57.45 Unrealized +14.7%

PAYX PAYCHEX INC 0.1%

Value ($000) $0 Shares 2,441 Est. Cost $76.93 Unrealized +51.5%

IMO IMPERIAL OIL LTD 0.2%

Value ($000) $1 Shares 8,400 Est. Cost $19.43 Unrealized +366.8%

CVGW CALAVO GROWERS INC 0.1%

Value ($000) $0 Shares 9,200 Est. Cost $25.96 Unrealized -15.4%

FOXA 21ST CENT FOX Cl A 0.1%

Value ($000) $0 Shares 3,411 Est. Cost $57.68 Unrealized +13.3%

MTUS METALLUS (MTUS/TMST) 0.2%

Value ($000) $1 Shares 52,350 Est. Cost $12.75 Unrealized +34.5%

PBT PERMIAN BASIN ROYALTY TR 0.1%

Value ($000) $0 Shares 25,400 Est. Cost $10.35 Unrealized —

— DUKE ENERGY CORPORATION 0.2%

Value ($000) $1 Shares 4,937 Est. Cost $68.62 Unrealized —

MWA MUELLER WATER PRODUCTS 0.1%

Value ($000) $0 Shares 18,500 Est. Cost $6.27 Unrealized +293.7%

KN KNOWLES CORP COM 0.1%

Value ($000) $0 Shares 17,225 Est. Cost $20.80 Unrealized +9.6%

MA MASTERCARD INC 3.2%

Value ($000) $12 Shares 20,906 Est. Cost $70.62 Unrealized +691.5%

HAL HALLIBURTON COMPANY 0.1%

Value ($000) $0 Shares 8,770 Est. Cost $21.87 Unrealized +20.2%

— DENNYS CORP 0.1%

Value ($000) $0 Shares 31,000 Est. Cost $4.37 Unrealized —

MMM 3M COMPANY 0.3%

Value ($000) $1 Shares 6,090 Est. Cost $62.93 Unrealized +159.3%

COP CONOCOPHILLIPS 0.7%

Value ($000) $3 Shares 27,754 Est. Cost $72.20 Unrealized +24.7%

ATO ATMOS ENERGY CORP 0.4%

Value ($000) $2 Shares 9,181 Est. Cost $32.40 Unrealized +431.8%

IBM INTL BUSINESS MACHINES 0.1%

Value ($000) $1 Shares 1,850 Est. Cost $109.98 Unrealized +171.7%

NDAQ NASDAQ STOCK MARKET INC 0.1%

Value ($000) $0 Shares 3,000 Est. Cost $67.05 Unrealized +33.8%

FANG DIAMONDBACK ENERGY 0.1%

Value ($000) $1 Shares 3,457 Est. Cost $55.57 Unrealized +164.6%

GILD GILEAD SCIENCE SVCS 0.1%

Value ($000) $0 Shares 2,125 Est. Cost $100.53 Unrealized +20.2%

OKE ONEOK, INC 0.4%

Value ($000) $1 Shares 19,882 Est. Cost $22.97 Unrealized +206.8%

KOS KOSMOS ENERGY LTD 0.0%

Value ($000) $0 Shares 32,000 Est. Cost $3.59 Unrealized -63.3%

F FORD MOTOR COMPANY 0.1%

Value ($000) $0 Shares 20,850 Est. Cost $7.82 Unrealized +64.0%

FLR FLUOR CORPORATION 0.1%

Value ($000) $0 Shares 9,250 Est. Cost $14.16 Unrealized +212.5%

BKR BAKER HUGHES CO. 0.1%

Value ($000) $0 Shares 7,000 Est. Cost $25.64 Unrealized +84.6%

DLTH DULUTH HOLDINGS INC 0.0%

Value ($000) $0 Shares 12,700 Est. Cost $3.63 Unrealized -18.5%

PLPC PREFORMED LINE PRODS INC 0.1%

Value ($000) $0 Shares 2,200 Est. Cost $82.48 Unrealized +158.2%

CTVA CORTEVA INC COM 0.5%

Value ($000) $2 Shares 24,987 Est. Cost $26.77 Unrealized +141.1%

KMI KINDER MORGAN INC 0.2%

Value ($000) $1 Shares 25,837 Est. Cost $13.26 Unrealized +102.9%

MATV MATIV HLDGS. INC. 0.1%

Value ($000) $0 Shares 23,202 Est. Cost $19.42 Unrealized -39.6%

SHEL SHELL PLC. 0.2%

Value ($000) $1 Shares 8,846 Est. Cost $54.84 Unrealized —

ORN ORION MARINE GROUP 0.0%

Value ($000) $0 Shares 10,500 Est. Cost $4.10 Unrealized +136.5%

RGCO RGC RESOURCES INC 0.1%

Value ($000) $0 Shares 13,800 Est. Cost $18.59 Unrealized +17.2%

PRK PARK NATIONAL CORP 0.1%

Value ($000) $0 Shares 1,500 Est. Cost $111.07 Unrealized +41.7%

OGS ONE GAS INC COM 0.1%

Value ($000) $0 Shares 4,008 Est. Cost $47.21 Unrealized +70.3%

FITB FIFTH THIRD BANCORP 0.1%

Value ($000) $0 Shares 6,253 Est. Cost $25.54 Unrealized +70.9%

OTIS OTIS WORLDWIDE CORP. 0.1%

Value ($000) $0 Shares 3,403 Est. Cost $48.15 Unrealized +85.4%

— CANADIAN PAC LTD NEW 0.3%

Value ($000) $1 Shares 15,742 Est. Cost $71.92 Unrealized —

BLMN BLOOMIN BRANDS INC 0.0%

Value ($000) $0 Shares 13,000 Est. Cost $13.19 Unrealized -47.2%

SON SONOCO PRODUCTS INC 0.5%

Value ($000) $2 Shares 38,320 Est. Cost $28.72 Unrealized +43.3%

EBAY EBAY INC 0.1%

Value ($000) $0 Shares 3,081 Est. Cost $65.70 Unrealized +31.5%

SR SPIRE 0.2%

Value ($000) $1 Shares 9,500 Est. Cost $70.79 Unrealized —

OVV OVINTIV INC. 0.1%

Value ($000) $0 Shares 8,594 Est. Cost $21.39 Unrealized +81.2%

ZION ZIONS BANCORPORATION COM 0.1%

Value ($000) $0 Shares 5,250 Est. Cost $34.87 Unrealized +56.2%

RF REGIONS FINANCIAL CP NEW 0.1%

Value ($000) $0 Shares 13,959 Est. Cost $7.42 Unrealized +242.0%

PNC PNC BANK CORP 0.1%

Value ($000) $0 Shares 1,320 Est. Cost $85.95 Unrealized +124.3%

BMI BADGER METER INC 0.1%

Value ($000) $0 Shares 2,000 Est. Cost $106.24 Unrealized +69.2%

ARTNA ARTESIAN RES CORP CLA 0.1%

Value ($000) $0 Shares 9,350 Est. Cost $16.06 Unrealized +97.7%

AEM AGNICO-EAGLE MINES LTD 0.3%

Value ($000) $1 Shares 7,475 Est. Cost $49.56 Unrealized +238.7%

FIS FIDELITY NATL INFO SVCS 0.3%

Value ($000) $1 Shares 14,888 Est. Cost $35.22 Unrealized +86.3%

V VISA INC CL A 0.1%

Value ($000) $0 Shares 798 Est. Cost $272.27 Unrealized +25.0%

CBOE CBOE HOLDINGS INC COMMON 0.1%

Value ($000) $0 Shares 1,000 Est. Cost $206.46 Unrealized +20.5%

AWR AMERICAN STATES WATER CO 0.1%

Value ($000) $0 Shares 6,400 Est. Cost $21.56 Unrealized +240.3%

SCHP SCHWAB US TIPS ETF 0.1%

Value ($000) $0 Shares 12,000 Est. Cost $38.55 Unrealized —

TDG TRANSDIGM GROUP INC. 0.2%

Value ($000) $1 Shares 560 Est. Cost $452.74 Unrealized +189.5%

— NUVEEN QUALITY MUNICIPAL 0.1%

Value ($000) $0 Shares 15,493 Est. Cost $9.25 Unrealized —

FELE FRANKLIN ELEC CO INC 0.4%

Value ($000) $2 Shares 17,300 Est. Cost $28.98 Unrealized +228.1%

EMN EASTMAN CHEMICAL 0.1%

Value ($000) $0 Shares 5,650 Est. Cost $93.58 Unrealized -34.8%

CME CME GROUP INC COM 0.1%

Value ($000) $0 Shares 1,000 Est. Cost $196.43 Unrealized +37.8%

ACCO ACCO BRANDS CORP COM 0.0%

Value ($000) $0 Shares 13,500 Est. Cost $6.58 Unrealized -44.4%

BP BP PLC 0.1%

Value ($000) $0 Shares 11,565 Est. Cost $36.00 Unrealized —

HBAN HUNTINGTON BANCSHARES INC 0.1%

Value ($000) $0 Shares 16,826 Est. Cost $4.99 Unrealized +226.4%

XPL SOLITARIO EXPLORATION 0.0%

Value ($000) $0 Shares 150,000 Est. Cost $1.31 Unrealized -49.6%

CFR CULLEN FROST BANKERS 0.1%

Value ($000) $0 Shares 2,600 Est. Cost $67.58 Unrealized +84.7%

— DNP SELECT INCOME FUND 0.0%

Value ($000) $0 Shares 14,655 Est. Cost $10.24 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMAT	APPLIED MATERIALS INC	18,725	$5	1.3%	$14.34	+1570.3%	COM	038222105
ADP	AUTO DATA PROCESSING	25,191	$6	1.7%	$49.46	+435.5%	COM	053015103
—	EATON CORPORATION	15,572	$5	1.3%	$67.08	—	COM	278058102
PH	PARKER-HANNIFIN CORP	6,075	$5	1.4%	$107.64	+659.7%	COM	701094104
—	DU PONT E I DE NEMOUR&CO	17,376	$1	0.2%	$63.62	—	COM	263534109
KEYS	KEYSIGHT TECHNOLOGIES INC COM	22,035	$4	1.2%	$33.81	+448.8%	COM	49338L103
MPC	MARATHON PETE CORP COM	19,838	$3	0.9%	$46.13	+304.0%	COM	56585A102
XOM	EXXON MOBIL CORP	80,657	$10	2.6%	$53.11	+117.5%	COM	30231G102
HD	HOME DEPOT INC	8,871	$3	0.8%	$72.10	+405.7%	COM	437076102
JNJ	JOHNSON & JOHNSON	24,342	$5	1.4%	$59.93	+228.7%	COM	478160104
KMB	KIMBERLY-CLARK CORP	19,259	$2	0.5%	$65.07	+66.6%	COM	494368103
ATI	ALLEGHENY TECH INC	12,750	$1	0.4%	$16.58	+487.7%	COM	01741R102
KEX	KIRBY CORP	15,617	$2	0.5%	$73.07	+39.1%	COM	497266106
AXP	AMERICAN EXPRESS CO.	10,980	$4	1.1%	$64.37	+454.6%	COM	025816109
AAPL	APPLE, INC	23,671	$6	1.7%	$83.20	+222.5%	COM	037833100
MRK	MERCK & CO INC	18,390	$2	0.5%	$52.00	+79.3%	COM	58933Y105
SYY	SYSCO CORP.	38,729	$3	0.8%	$24.48	+208.4%	COM	871829107
COST	COSTCO WHOLSALE CORP NEW	5,030	$4	1.2%	$95.71	+846.4%	COM	22160K105
OLN	OLIN CORP NEW	70,312	$1	0.4%	$16.13	+32.9%	COM	680665205
ADI	ANALOG DEVICES INC	11,895	$3	0.9%	$40.57	+517.7%	COM	032654105
CTAS	CINTAS CORP	17,249	$3	0.9%	$145.82	+29.0%	COM	172908105
ABT	ABBOTT LABORATORIES	29,652	$4	1.0%	$30.33	+319.7%	COM	002824100
A	AGILENT TECHNOLOGIES	39,772	$5	1.5%	$31.63	+354.3%	COM	00846U101
STLD	STEEL DYNAMICS INC	8,400	$1	0.4%	$22.96	+589.7%	COM	858119100
—	ANGLOGOLD LTD	16,800	$1	0.4%	$14.40	—	COM	035128206
MIDD	MIDDLEBY CORP THE	15,435	$2	0.6%	$73.60	+78.4%	COM	596278101
DOV	DOVER CORPORATION	7,825	$2	0.4%	$41.67	+336.4%	COM	260003108
B	BARRICK MINING CORP	19,800	$1	0.2%	$19.58	+91.1%	COM	06849F108
HSY	HERSHEY FOODS CORP	30,914	$6	1.5%	$69.48	+162.1%	COM	427866108
CMC	COMMERCIAL METALS CO	17,400	$1	0.3%	$20.09	+210.6%	COM	201723103
BG	BUNGE	26,816	$2	0.6%	$88.20	+4.1%	COM	H11356104
TKR	TIMKEN COMPANY	22,234	$2	0.5%	$39.59	+100.9%	COM	887389104
—	CHUBB CORPORATION	6,421	$2	0.5%	$93.59	—	COM	171232101
EL	LAUDER ESTEE CORP CL A	10,972	$1	0.3%	$63.29	+53.0%	COM	518439104
CPK	CHESAPEAKE UTIL CORP	17,824	$2	0.6%	$30.46	+331.2%	COM	165303108
MUR	MURPHY OIL CORP	60,821	$2	0.5%	$24.17	+22.5%	COM	626717102
MKL	MARKEL CORP.	684	$1	0.4%	$1095.40	+84.9%	COM	570535104
SLB	SCHLUMBERGER LTD F	38,615	$1	0.4%	$37.08	-2.7%	COM	806857108
MATX	MATSON INC COM	6,200	$1	0.2%	$39.38	+171.9%	COM	57686G105
SW	SMURFIT WESTROCK LTD	37,322	$1	0.4%	$43.84	-13.0%	COM	G8267P108
HON	HONEYWELL INC.	9,772	$2	0.5%	$69.28	+181.5%	COM	438516106
CASY	CASEYS GENERAL STORES INC	10,464	$6	1.6%	$89.66	+513.0%	COM	147528103
AGI	ALAMOS GOLD INC.	40,000	$2	0.4%	$6.15	+466.9%	COM	011532108
MSA	MINE SAFTEY APPLIANCE CO	11,965	$2	0.5%	$56.12	+190.1%	COM	553498106
BMY	BRISTOL MYERS SQUIBB CO	15,680	$1	0.2%	$30.32	+56.8%	COM	110122108
AIT	APPLIED INDL. TECH.	19,994	$5	1.4%	$40.80	+525.3%	COM	03820C105
ASIX	ADVANSIX INC COM	63,061	$1	0.3%	$16.50	+5.2%	COM	00773T101
CIEN	CIENA CORP NEW	1,500	$0	0.1%	$71.73	+170.5%	COM	171779309
ALLE	ALLEGION PUBLIC LTD. CO.	6,882	$1	0.3%	$44.84	+271.8%	COM	G0176J109
GAP	GAP INC	29,500	$1	0.2%	$25.35	-5.1%	COM	364760108
AVT	AVNET INC	29,155	$1	0.4%	$26.77	+82.7%	COM	053807103
OGN	ORGANON & CO.	34,850	$0	0.1%	$26.36	-70.1%	COM	68622V106
PAG	PENSKE AUTOMOTIVE GROUP	7,800	$1	0.3%	$31.60	+420.4%	COM	70959W103
DRI	DARDEN RESTURANTS INC	15,850	$3	0.8%	$35.32	+415.5%	COM	237194105
M	MACYS INC.	27,950	$1	0.2%	$14.37	+42.5%	COM	55616P104
RTX	RTX CORP.	7,267	$1	0.4%	$54.61	+217.4%	COM	75513E101
AZN	ASTRAZENECA PLC ADR	6,998	$1	0.2%	$43.84	—	COM	046353108
IFF	INTL FLAVOR & FRAGRANCES	19,422	$1	0.4%	$59.16	+8.9%	COM	459506101
—	O-I GLASS, INC.	60,707	$1	0.2%	$16.97	—	COM	690768403
—	ASA GOLD & PRECS MTLS	7,500	$0	0.1%	$0.03	—	COM	G3156P103
MUSA	MURPHY USA INC.	7,346	$3	0.8%	$45.74	+738.1%	COM	626755102
VTRS	VIATRIS INC.	39,010	$0	0.1%	$13.07	-18.0%	COM	92556V106
PAAS	PAN AMERICAN SILVER	7,500	$0	0.1%	$23.93	+75.0%	COM	697900108
KO	COCA-COLA COMPANY	28,325	$2	0.5%	$29.51	+135.2%	COM	191216100
LOW	LOWES COMPANIES INC	9,200	$2	0.6%	$32.55	+636.9%	COM	548661107
PCAR	PACCAR INC	7,922	$1	0.2%	$36.63	+176.3%	COM	693718108
SYK	STRYKER CORP	4,900	$2	0.5%	$60.41	+501.6%	COM	863667101
VVV	VALVOLINE INC.	12,480	$0	0.1%	$23.39	+37.3%	COM	92047W101
GPC	GENUINE PARTS CO COM	5,310	$1	0.2%	$56.06	+129.6%	COM	372460105
CTRA	COTERRA ENERGY INC.	30,714	$1	0.2%	$17.33	+44.9%	COM	127097103
UNP	UNION PACIFIC CORP	15,606	$4	1.0%	$67.70	+235.8%	COM	907818108
GT	GOODYEAR TIRE & RUBBER	64,651	$1	0.2%	$18.50	-57.4%	COM	382550101
DE	DEERE & CO	12,500	$6	1.6%	$82.46	+467.1%	COM	244199105
PSX	PHILLIPS 66 COM	11,623	$1	0.4%	$60.32	+122.2%	COM	718546104
NTAP	NETAPP INC.	7,150	$1	0.2%	$43.28	+162.5%	COM	64110D104
AMGN	AMGEN INC	1,740	$1	0.2%	$108.64	+190.8%	COM	031162100
GRC	GORMAN-RUPP CO COM	63,099	$3	0.8%	$26.65	+74.8%	COM	383082104
BK	BANK OF NEW YORK CO INC	11,305	$1	0.4%	$21.22	+420.7%	COM	064058100
ORLY	O REILLY AUTOMOTIVE INC	4,500	$0	0.1%	$87.98	+11.0%	COM	67103H107
SHW	SHERWIN WILLIAMS CO	3,300	$1	0.3%	$193.12	+73.0%	COM	824348106
—	INGERSOLL-RAND COMPANY	17,955	$1	0.4%	$56.28	—	COM	G47791101
—	STERIS PLC	11,335	$3	0.8%	$57.09	—	COM	859152100
RL	RALPH LAUREN CORP.	1,700	$1	0.2%	$111.82	+204.1%	COM	751212101
ENB	ENBRIDGE INC.	25,539	$1	0.3%	$24.38	+93.3%	COM	29250N105
NGVT	INGEVITY CORP COM	16,957	$1	0.3%	$54.82	-1.0%	COM	45688C107
ORI	OLD REPUBLIC INTL CORP	20,358	$1	0.3%	$13.88	+194.1%	COM	680223104
OXY	OCCIDENTAL PETE CORP	10,003	$0	0.1%	$44.43	-6.5%	COM	674599105
CHDN	CHURCHILL DOWNS INC KY	3,600	$0	0.1%	$95.65	+8.2%	COM	171484108
EXPD	EXPEDITORS INTL WASH	2,150	$0	0.1%	$68.29	+98.6%	COM	302130109
MET	METLIFE INC	17,301	$1	0.4%	$26.65	+196.2%	COM	59156R108
PEP	PEPSICO INCORPORATED	27,336	$4	1.1%	$56.24	+159.4%	COM	713448108
AIN	ALBANY INT'L CORP.	19,905	$1	0.3%	$33.48	+54.0%	COM	012348108
CARR	CARRIER GLOBAL CORP.	7,281	$0	0.1%	$26.37	+110.6%	COM	14448C104
WFC	WELLS FARGO & CO NEW	5,418	$1	0.1%	$23.87	+263.0%	COM	949746101
SCHW	THE CHARLES SCHWAB CORP	14,315	$1	0.4%	$42.34	+123.7%	COM	808513105
VZ	VERIZON COMM	14,814	$1	0.2%	$29.33	+38.0%	COM	92343V104
BF/B	BROWN FORMAN CORP CL B	44,687	$1	0.3%	$32.03	-12.6%	COM	115637209
NTR	NUTRIEN LTD CO COM	15,161	$1	0.3%	$42.23	+39.4%	COM	67077M108
CC	CHEMOURS COMPANY	10,855	$0	0.0%	$11.76	+8.7%	COM	163851108
DINO	HF SINCLAIR CORP.	6,950	$0	0.1%	$30.32	+69.2%	COM	403949100
IP	INTERNATIONAL PAPER CO	6,045	$0	0.1%	$27.17	+50.3%	COM	460146103
ZTS	ZOETIS INC.	2,000	$0	0.1%	$85.91	+51.6%	COM	98978V103
DIS	DISNEY WALT HOLDING CO	22,034	$3	0.7%	$73.99	+48.0%	COM	254687106
ICE	INTERCONTINENTAL EXCHANGE	6,000	$1	0.3%	$46.42	+236.5%	COM	45866F104
KR	KROGER CO	7,500	$0	0.1%	$33.97	+92.0%	COM	501044101
MKC	MC CORMICK & CO NEW VT	36,980	$3	0.7%	$57.45	+14.7%	COM	579780206
PAYX	PAYCHEX INC	2,441	$0	0.1%	$76.93	+51.5%	COM	704326107
IMO	IMPERIAL OIL LTD	8,400	$1	0.2%	$19.43	+366.8%	COM	453038408
CVGW	CALAVO GROWERS INC	9,200	$0	0.1%	$25.96	-15.4%	COM	128246105
FOXA	21ST CENT FOX Cl A	3,411	$0	0.1%	$57.68	+13.3%	COM	35137L105
MTUS	METALLUS (MTUS/TMST)	52,350	$1	0.2%	$12.75	+34.5%	COM	887399103
PBT	PERMIAN BASIN ROYALTY TR	25,400	$0	0.1%	$10.35	—	COM	714236106
—	DUKE ENERGY CORPORATION	4,937	$1	0.2%	$68.62	—	COM	26441C105
MWA	MUELLER WATER PRODUCTS	18,500	$0	0.1%	$6.27	+293.7%	COM	624758108
KN	KNOWLES CORP COM	17,225	$0	0.1%	$20.80	+9.6%	COM	49926D109
MA	MASTERCARD INC	20,906	$12	3.2%	$70.62	+691.5%	COM	57636Q104
HAL	HALLIBURTON COMPANY	8,770	$0	0.1%	$21.87	+20.2%	COM	406216101
—	DENNYS CORP	31,000	$0	0.1%	$4.37	—	COM	24869P104
MMM	3M COMPANY	6,090	$1	0.3%	$62.93	+159.3%	COM	88579Y101
COP	CONOCOPHILLIPS	27,754	$3	0.7%	$72.20	+24.7%	COM	20825C104
ATO	ATMOS ENERGY CORP	9,181	$2	0.4%	$32.40	+431.8%	COM	049560105
IBM	INTL BUSINESS MACHINES	1,850	$1	0.1%	$109.98	+171.7%	COM	459200101
NDAQ	NASDAQ STOCK MARKET INC	3,000	$0	0.1%	$67.05	+33.8%	COM	631103108
FANG	DIAMONDBACK ENERGY	3,457	$1	0.1%	$55.57	+164.6%	COM	25278X109
GILD	GILEAD SCIENCE SVCS	2,125	$0	0.1%	$100.53	+20.2%	COM	375558103
OKE	ONEOK, INC	19,882	$1	0.4%	$22.97	+206.8%	COM	682680103
KOS	KOSMOS ENERGY LTD	32,000	$0	0.0%	$3.59	-63.3%	COM	500688106
F	FORD MOTOR COMPANY	20,850	$0	0.1%	$7.82	+64.0%	COM	345370860
FLR	FLUOR CORPORATION	9,250	$0	0.1%	$14.16	+212.5%	COM	343412102
BKR	BAKER HUGHES CO.	7,000	$0	0.1%	$25.64	+84.6%	COM	05722G100
DLTH	DULUTH HOLDINGS INC	12,700	$0	0.0%	$3.63	-18.5%	COM	26443V101
PLPC	PREFORMED LINE PRODS INC	2,200	$0	0.1%	$82.48	+158.2%	COM	740444104
CTVA	CORTEVA INC COM	24,987	$2	0.5%	$26.77	+141.1%	COM	22052L104
KMI	KINDER MORGAN INC	25,837	$1	0.2%	$13.26	+102.9%	COM	49456B101
MATV	MATIV HLDGS. INC.	23,202	$0	0.1%	$19.42	-39.6%	COM	808541106
SHEL	SHELL PLC.	8,846	$1	0.2%	$54.84	—	COM	780259305
ORN	ORION MARINE GROUP	10,500	$0	0.0%	$4.10	+136.5%	COM	68628V308
RGCO	RGC RESOURCES INC	13,800	$0	0.1%	$18.59	+17.2%	COM	74955L103
PRK	PARK NATIONAL CORP	1,500	$0	0.1%	$111.07	+41.7%	COM	700658107
OGS	ONE GAS INC COM	4,008	$0	0.1%	$47.21	+70.3%	COM	68235P108
FITB	FIFTH THIRD BANCORP	6,253	$0	0.1%	$25.54	+70.9%	COM	316773100
OTIS	OTIS WORLDWIDE CORP.	3,403	$0	0.1%	$48.15	+85.4%	COM	68902V107
—	CANADIAN PAC LTD NEW	15,742	$1	0.3%	$71.92	—	COM	13645T100
BLMN	BLOOMIN BRANDS INC	13,000	$0	0.0%	$13.19	-47.2%	COM	094235108
SON	SONOCO PRODUCTS INC	38,320	$2	0.5%	$28.72	+43.3%	COM	835495102
EBAY	EBAY INC	3,081	$0	0.1%	$65.70	+31.5%	COM	278642103
SR	SPIRE	9,500	$1	0.2%	$70.79	—	COM	84857L101
OVV	OVINTIV INC.	8,594	$0	0.1%	$21.39	+81.2%	COM	69047Q102
ZION	ZIONS BANCORPORATION COM	5,250	$0	0.1%	$34.87	+56.2%	COM	989701107
RF	REGIONS FINANCIAL CP NEW	13,959	$0	0.1%	$7.42	+242.0%	COM	7591EP100
PNC	PNC BANK CORP	1,320	$0	0.1%	$85.95	+124.3%	COM	693475105
BMI	BADGER METER INC	2,000	$0	0.1%	$106.24	+69.2%	COM	056525108
ARTNA	ARTESIAN RES CORP CLA	9,350	$0	0.1%	$16.06	+97.7%	COM	043113208
AEM	AGNICO-EAGLE MINES LTD	7,475	$1	0.3%	$49.56	+238.7%	COM	008474108
FIS	FIDELITY NATL INFO SVCS	14,888	$1	0.3%	$35.22	+86.3%	COM	31620M106
V	VISA INC CL A	798	$0	0.1%	$272.27	+25.0%	COM	92826C839
CBOE	CBOE HOLDINGS INC COMMON	1,000	$0	0.1%	$206.46	+20.5%	COM	12503M108
AWR	AMERICAN STATES WATER CO	6,400	$0	0.1%	$21.56	+240.3%	COM	029899101
SCHP	SCHWAB US TIPS ETF	12,000	$0	0.1%	$38.55	—	COM	808524870
TDG	TRANSDIGM GROUP INC.	560	$1	0.2%	$452.74	+189.5%	COM	893641100
—	NUVEEN QUALITY MUNICIPAL	15,493	$0	0.1%	$9.25	—	COM	67066V101
FELE	FRANKLIN ELEC CO INC	17,300	$2	0.4%	$28.98	+228.1%	COM	353514102
EMN	EASTMAN CHEMICAL	5,650	$0	0.1%	$93.58	-34.8%	COM	277432100
CME	CME GROUP INC COM	1,000	$0	0.1%	$196.43	+37.8%	COM	12572Q105
ACCO	ACCO BRANDS CORP COM	13,500	$0	0.0%	$6.58	-44.4%	COM	00081T108
BP	BP PLC	11,565	$0	0.1%	$36.00	—	COM	055622104
HBAN	HUNTINGTON BANCSHARES INC	16,826	$0	0.1%	$4.99	+226.4%	COM	446150104
XPL	SOLITARIO EXPLORATION	150,000	$0	0.0%	$1.31	-49.6%	COM	8342EP107
CFR	CULLEN FROST BANKERS	2,600	$0	0.1%	$67.58	+84.7%	COM	229899109
—	DNP SELECT INCOME FUND	14,655	$0	0.0%	$10.24	—	COM	23325P104