Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JNJ	Johnson & Johnson	95,920	$15.03M	6.6%	$65.75	+118.4%	COM	478160104
—	JPMorgan Chase	70,042	$11.91M	5.3%	$58.86	—	COM	46625h100
—	Hoya Capital Housing	184,992	$7.821M	3.5%	$30.25	—	COM	26922a230
AAPL	Apple	40,005	$7.702M	3.4%	$85.03	+115.0%	COM	037833100
MSFT	Microsoft	18,843	$7.086M	3.1%	$88.98	+293.8%	COM	594918104
XOM	Exxon Mobil	53,836	$5.383M	2.4%	$55.85	+74.7%	COM	30231G102
ABBV	Abbvie	33,815	$5.24M	2.3%	$34.16	+297.4%	COM	00287Y109
PG	Procter & Gamble	35,679	$5.228M	2.3%	$58.01	+142.4%	COM	742718109
NSRGY	Nestle ADR	41,757	$4.838M	2.1%	$78.92	—	COM	641069406
PEP	PepsiCo	26,089	$4.431M	2.0%	$62.01	+148.0%	COM	713448108
BMY	Bristol-Myers Squibb	71,920	$3.69M	1.6%	$38.39	+22.5%	COM	110122108
—	Merck	32,958	$3.593M	1.6%	$50.04	—	COM	58933y105
PFE	Pfizer	122,539	$3.528M	1.6%	$17.65	+49.6%	COM	717081103
HD	Home Depot	9,898	$3.43M	1.5%	$84.52	+247.5%	COM	437076102
—	Alphabet Class C	24,010	$3.384M	1.5%	$140.50	—	COM	02079k107
SPGI	S&P Global	7,634	$3.363M	1.5%	$126.49	+206.9%	COM	78409V104
ABT	Abbott Laboratories	30,087	$3.312M	1.5%	$33.91	+183.3%	COM	002824100
DHI	D R Horton	21,525	$3.271M	1.4%	$63.56	+89.7%	COM	23331A109
IBM	International Business Machine	19,827	$3.243M	1.4%	$107.16	+32.0%	COM	459200101
INTC	Intel	63,065	$3.169M	1.4%	$20.38	+96.4%	COM	458140100
PWR	Quanta Services	14,592	$3.149M	1.4%	$34.50	+434.0%	COM	74762E102
AMAT	Applied Materials	19,242	$3.119M	1.4%	$52.94	+172.3%	COM	038222105
SCHW	Schwab, Charles	44,687	$3.074M	1.4%	$41.64	+34.8%	COM	808513105
AMZN	Amazon	19,956	$3.032M	1.3%	$120.38	+16.4%	COM	023135106
NVDA	Nvidia Corp.	6,080	$3.011M	1.3%	$16.92	+173.8%	COM	67066G104
CVX	Chevron	19,571	$2.919M	1.3%	$78.64	+75.2%	COM	166764100
AXP	American Express	15,366	$2.879M	1.3%	$77.15	+103.5%	COM	025816109
URI	United Rentals	4,932	$2.828M	1.2%	$253.72	+82.4%	COM	911363109
WM	Waste Management	15,503	$2.777M	1.2%	$47.68	+240.7%	COM	94106L109
RS	Reliance Steel & Aluminum	9,781	$2.736M	1.2%	$77.77	+241.4%	COM	759509102
DOV	Dover Corp.	17,056	$2.623M	1.2%	$106.22	+28.7%	COM	260003108
CLX	Clorox	18,096	$2.58M	1.1%	$63.81	+94.4%	COM	189054109
ICLR	Icon PLC	9,101	$2.576M	1.1%	$136.54	+89.5%	COM	G4705A100
SNPS	Synopsys	4,960	$2.554M	1.1%	$78.29	+553.1%	COM	871607107
DIS	Disney	26,393	$2.383M	1.1%	$73.22	+17.7%	COM	254687106
MCD	McDonald's Corp.	7,706	$2.285M	1.0%	$70.01	+269.5%	COM	580135101
HUM	Humana	4,869	$2.229M	1.0%	$312.13	+53.7%	COM	444859102
—	Zoetis	10,950	$2.161M	1.0%	$74.17	—	COM	98978v103
UNH	United Health Group	3,902	$2.054M	0.9%	$186.51	+174.1%	COM	91324P102
WMT	Wal-Mart Stores	12,339	$1.945M	0.9%	$29.69	+73.9%	COM	931142103
DIOD	Diodes	24,035	$1.935M	0.9%	$33.05	+120.9%	COM	254543101
—	Dell	25,000	$1.913M	0.8%	$55.08	—	COM	24703l103
—	Broadcom, Inc.	1,637	$1.827M	0.8%	$1116.25	—	COM	11135f101
DD	Du Pont (E.I) de Nemours	23,166	$1.782M	0.8%	$27.18	+6.7%	COM	26614N102
HII	Huntington Ingalls Ind.	6,772	$1.758M	0.8%	$185.74	+19.8%	COM	446413106
—	Laboratory Corp. of America	7,699	$1.75M	0.8%	$209.89	—	COM	50540r409
KR	Kroger	36,111	$1.651M	0.7%	$35.36	+19.9%	COM	501044101
HUBB	Hubbell	4,890	$1.608M	0.7%	$127.93	+128.6%	COM	443510607
NDAQ	Nasdaq	27,015	$1.571M	0.7%	$45.80	+11.8%	COM	631103108
ROK	Rockwell Automation	4,975	$1.545M	0.7%	$144.03	+87.5%	COM	773903109
AMGN	Amgen	5,349	$1.541M	0.7%	$97.44	+161.8%	COM	031162100
BDX	Becton Dickinson	6,239	$1.521M	0.7%	$207.65	+13.9%	COM	075887109
LEA	Lear Corp.	10,375	$1.465M	0.6%	$106.05	+18.9%	COM	521865204
EMR	Emerson Electric	14,956	$1.456M	0.6%	$53.73	+64.0%	COM	291011104
MAA	Mid America Apartment Communit	10,171	$1.368M	0.6%	$88.45	+32.1%	COM	59522J103
NEM	Newmont Mining Corp.	32,422	$1.342M	0.6%	$35.47	+3.8%	COM	651639106
LOW	Lowes	5,983	$1.332M	0.6%	$158.94	+22.5%	COM	548661107
UNP	Union Pacific	5,410	$1.329M	0.6%	$105.33	+98.6%	COM	907818108
MKC	McCormick	18,026	$1.233M	0.5%	$56.09	+10.4%	COM	579780206
CVS	CVS/Caremark	15,175	$1.198M	0.5%	$59.29	+10.3%	COM	126650100
—	Kite Realty Group	50,510	$1.155M	0.5%	$21.85	—	COM	49803t300
INTU	Intuit	1,809	$1.131M	0.5%	$249.70	+118.1%	COM	461202103
GE	General Electric	8,531	$1.089M	0.5%	$58.52	+56.3%	COM	369604301
—	Teledyne Technologies	2,396	$1.069M	0.5%	$411.44	—	COM	879360106
QCOM	Qualcomm	7,203	$1.042M	0.5%	$71.08	+66.5%	COM	747525103
—	Verizon Communications	27,470	$1.036M	0.5%	$52.01	—	COM	92343v104
GS	Goldman Sachs	2,598	$1.002M	0.4%	$256.19	+24.0%	COM	38141G104
DLB	Dolby Class A	11,090	$956K	0.4%	$47.41	+70.7%	COM	25659T107
WLK	Westlake Chemical Corp.	6,711	$939K	0.4%	$66.78	+82.1%	COM	960413102
CMS	CMS Energy	15,368	$892K	0.4%	$36.62	+42.7%	COM	125896100
J	Jacobs Solutions	6,735	$874K	0.4%	$100.14	+6.7%	COM	46982L108
—	Hoya Capital High Dividend Yie	77,930	$857K	0.4%	$11.73	—	COM	26922b840
DOW	Dow	15,266	$837K	0.4%	$36.37	+22.8%	COM	260557103
AMP	Ameriprise Financial	2,150	$817K	0.4%	$78.85	+322.9%	COM	03076C106
—	Zimmer Biomet	6,605	$804K	0.4%	$117.03	—	COM	98956p102
ORI	Old Republic	27,000	$794K	0.4%	$12.05	+94.9%	COM	680223104
AMN	AMN Healthcare Svcs.	10,500	$786K	0.3%	$62.88	+13.8%	COM	001744101
LLY	Eli Lilly	1,330	$775K	0.3%	$201.68	+185.2%	COM	532457108
MAS	Masco Corp.	11,279	$755K	0.3%	$33.43	+67.6%	COM	574599106
UPS	United Parcel Service 'B'	4,800	$755K	0.3%	$78.39	+71.3%	COM	911312106
AWK	American Water Works	5,405	$713K	0.3%	$70.71	+69.7%	COM	030420103
VAC	Marriott Vacations Worldwide	7,988	$678K	0.3%	$116.83	-27.0%	COM	57164Y107
BK	Bank of New York Mellon	13,020	$678K	0.3%	$27.89	+56.6%	COM	064058100
—	3M	5,896	$645K	0.3%	$142.94	—	COM	88579y101
—	Corteva	12,720	$610K	0.3%	$29.60	—	COM	22052l104
—	Wyndham Hotels & Resorts	7,408	$596K	0.3%	$58.82	—	COM	98311a105
—	Cisco Systems	9,960	$503K	0.2%	$25.62	—	COM	17275R952
—	FedEx	1,954	$494K	0.2%	$261.69	—	COM	31428x106
—	Anheuser-Busch	7,578	$490K	0.2%	$61.61	—	COM	03524a108
SLB	Schlumberger	8,941	$465K	0.2%	$27.94	+83.3%	COM	806857108
KO	Coca-Cola	7,516	$443K	0.2%	$33.16	+60.6%	COM	191216100
NSC	Norfolk Southern	1,838	$434K	0.2%	$65.71	+204.6%	COM	655844108
YUM	Yum! Brands	3,145	$411K	0.2%	$40.89	+192.7%	COM	988498101
—	Discover Financial Services	3,520	$396K	0.2%	$91.08	—	COM	254709108
BA	Boeing	1,500	$391K	0.2%	$207.75	+2.9%	COM	097023105
—	Cigna	1,282	$384K	0.2%	$189.89	—	COM	125509109
—	Truist Financial	10,190	$376K	0.2%	$52.59	—	COM	89832q109
MCO	Moody's Corp.	946	$369K	0.2%	$154.93	+120.6%	COM	615369105
EFX	Equifax	1,413	$349K	0.2%	$77.84	+156.8%	COM	294429105
TGT	Target	2,437	$347K	0.2%	$110.04	+2.7%	COM	87612E106
HBAN	Huntington Bancshares	26,427	$336K	0.1%	$13.04	-23.5%	COM	446150104
—	Alphabet Class A	2,368	$331K	0.1%	$157.00	—	COM	02079k305
KMB	Kimberly Clark	2,563	$311K	0.1%	$67.99	+63.6%	COM	494368103
—	Apollo Global Mgmt. LLC	3,250	$303K	0.1%	$64.43	—	COM	037612306
PKG	Packaging Corp.	1,835	$299K	0.1%	$86.90	+71.2%	COM	695156109
MDLZ	Mondelez	3,971	$288K	0.1%	$44.56	+44.3%	COM	609207105
PAYX	Paychex	2,375	$283K	0.1%	$76.93	+44.4%	COM	704326107
—	Apple Hospitality	17,000	$282K	0.1%	$16.61	—	COM	03784y200
—	First American Financial	4,275	$275K	0.1%	$56.35	—	COM	31847r102
CAT	Caterpillar	908	$268K	0.1%	$206.59	+21.6%	COM	149123101
KWR	Quaker Houghton	1,250	$267K	0.1%	$168.18	+2.5%	COM	747316107
—	Blackstone Group	2,006	$263K	0.1%	$107.14	—	COM	09253u108
DLR	Digital Realty Trust	1,950	$262K	0.1%	$90.52	+33.2%	COM	253868103
—	Fortrea Holdings	7,439	$260K	0.1%	$28.59	—	COM	34965k107
BAC	Bank America	7,571	$255K	0.1%	$23.66	+16.7%	COM	060505104
—	Match Group	6,496	$237K	0.1%	$110.68	—	COM	57665r106
—	GE Healthcare	2,730	$211K	0.1%	$77.32	—	COM	36266g107
—	RTX	2,427	$204K	0.1%	$84.14	—	COM	75513e101
TRV	Travelers	1,059	$202K	0.1%	$166.66	0.0%	COM	89417E109
—	AT&T	10,565	$177K	0.1%	$34.02	—	COM	030177109
—	Viatris	11,181	$121K	0.1%	$18.73	—	COM	92556v106
—	Aecon Group	10,000	$98,200	0.0%	$9.31	—	COM	00762v109