The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
STARBUCKS CORP COM 855244109 7,710 87,199 SH   SOLE   7,710 0 0
MASTERCARD INC COM 57636Q104 7,191 26,481 SH   SOLE   7,191 0 0
GRAINGER WW INC COM 384802104 6,481 21,811 SH   SOLE   6,481 0 0
LINDE PLC COM COM G5494J103 6,310 32,577 SH   SOLE   6,310 0 0
HERSHEY FOODS CORP COM 427866108 5,522 35,630 SH   SOLE   5,522 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 5,272 23,767 SH   SOLE   5,272 0 0
AUTO DATA PROCESSING COM 053015103 4,729 29,299 SH   SOLE   4,729 0 0
PEPSICO INCORPORATED COM 713448108 4,489 32,747 SH   SOLE   4,489 0 0
TEXAS INSTRUMENTS INC COM 882508104 4,452 34,451 SH   SOLE   4,452 0 0
EXXON MOBIL CORP COM 30231G102 4,315 61,116 SH   SOLE   4,315 0 0
CHEVRONTEXACO CORP COM 166764100 4,054 34,190 SH   SOLE   4,054 0 0
SYSCO CORP. COM 871829107 3,974 50,061 SH   SOLE   3,974 0 0
JOHNSON & JOHNSON COM 478160104 3,729 28,823 SH   SOLE   3,729 0 0
TRACTOR SUPPLY COMPANY COM 892356106 3,670 40,590 SH   SOLE   3,670 0 0
MICROSOFT CORP COM 594918104 3,553 25,556 SH   SOLE   3,553 0 0
AGILENT TECHNOLOGIES COM 00846U101 3,398 44,351 SH   SOLE   3,398 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,378 27,150 SH   SOLE   3,378 0 0
BROWN FORMAN CORP CL B COM 115637209 3,364 53,588 SH   SOLE   3,364 0 0
MC CORMICK & CO NEW VT COM 579780206 3,339 21,365 SH   SOLE   3,339 0 0
DISNEY WALT HOLDING CO COM 254687106 3,296 25,293 SH   SOLE   3,296 0 0
EMERSON ELECTRIC COM 291011104 3,258 48,730 SH   SOLE   3,258 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,214 26,201 SH   SOLE   3,214 0 0
KIMBERLY-CLARK CORP COM 494368103 3,104 21,852 SH   SOLE   3,104 0 0
ABBOTT LABORATORIES COM 002824100 2,982 35,647 SH   SOLE   2,982 0 0
UNION PACIFIC CORP COM 907818108 2,960 18,276 SH   SOLE   2,960 0 0
INGERSOLL-RAND COMPANY COM G47791101 2,915 23,660 SH   SOLE   2,915 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,914 21,955 SH   SOLE   2,914 0 0
LAUDER ESTEE CORP CL A COM 518439104 2,779 13,972 SH   SOLE   2,779 0 0
VERSUM MATLS INC COM COM 92532W103 2,759 52,140 SH   SOLE   2,759 0 0
APPLE, INC COM 037833100 2,461 10,989 SH   SOLE   2,461 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 2,450 25,199 SH   SOLE   2,450 0 0
SONOCO PRODUCTS INC COM 835495102 2,373 40,775 SH   SOLE   2,373 0 0
ABBVIE INC COM COM 00287Y109 2,340 30,915 SH   SOLE   2,340 0 0
DARDEN RESTURANTS INC COM 237194105 2,325 19,675 SH   SOLE   2,325 0 0
MIDDLEBY CORP THE COM 596278101 2,264 19,375 SH   SOLE   2,264 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,256 23,676 SH   SOLE   2,256 0 0
GORMAN-RUPP CO COM COM 383082104 2,178 62,611 SH   SOLE   2,178 0 0
DOW CHEMICAL COM 260557103 2,143 44,984 SH   SOLE   2,143 0 0
ALBANY INT'L CORP. COM 012348108 2,100 23,300 SH   SOLE   2,100 0 0
CINTAS CORP COM 172908105 1,970 7,351 SH   SOLE   1,970 0 0
HOME DEPOT INC COM 437076102 1,913 8,248 SH   SOLE   1,913 0 0
STERIS PLC COM 859152100 1,896 13,126 SH   SOLE   1,896 0 0
CASEYS GENERAL STORES INC COM 147528103 1,890 11,730 SH   SOLE   1,890 0 0
DEERE & CO COM 244199105 1,847 10,950 SH   SOLE   1,847 0 0
ADVANSIX INC COM COM 00773T101 1,822 70,876 SH   SOLE   1,822 0 0
WESTROCK CO COM COM 96145D105 1,799 49,381 SH   SOLE   1,799 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,790 9,965 SH   SOLE   1,790 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 1,726 5,991 SH   SOLE   1,726 0 0
COCA-COLA COMPANY COM 191216100 1,710 31,428 SH   SOLE   1,710 0 0
HONEYWELL INC. COM 438516106 1,666 9,847 SH   SOLE   1,666 0 0
BUNGE COM G16962105 1,659 29,316 SH   SOLE   1,659 0 0
GENERAL MILLS INC COM 370334104 1,636 29,690 SH   SOLE   1,636 0 0
EATON CORPORATION COM 278058102 1,633 19,644 SH   SOLE   1,633 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 1,631 14,950 SH   SOLE   1,631 0 0
VALERO ENERGY COM 91913Y100 1,602 18,800 SH   SOLE   1,602 0 0
AVNET INC COM 053807103 1,591 35,775 SH   SOLE   1,591 0 0
CELANESE CORP. COM 150870103 1,571 12,850 SH   SOLE   1,571 0 0
3M COMPANY COM 88579Y101 1,493 9,085 SH   SOLE   1,493 0 0
KIRBY CORP COM 497266106 1,486 18,096 SH   SOLE   1,486 0 0
AMERICAN EXPRESS CO. COM 025816109 1,425 12,050 SH   SOLE   1,425 0 0
PHILLIPS 66 COM COM 718546104 1,418 13,850 SH   SOLE   1,418 0 0
ATMOS ENERGY CORP COM 049560105 1,403 12,326 SH   SOLE   1,403 0 0
ANALOG DEVICES INC COM 032654105 1,392 12,459 SH   SOLE   1,392 0 0
PARKER-HANNIFIN CORP COM 701094104 1,372 7,600 SH   SOLE   1,372 0 0
ONEOK, INC COM 682680103 1,344 18,249 SH   SOLE   1,344 0 0
LOWES COMPANIES INC COM 548661107 1,319 12,000 SH   SOLE   1,319 0 0
NEENAH PAPER INC COM 640079109 1,297 19,926 SH   SOLE   1,297 0 0
APPLIED INDL. TECH. COM 03820C105 1,289 22,700 SH   SOLE   1,289 0 0
MARATHON PETE CORP COM COM 56585A102 1,268 20,885 SH   SOLE   1,268 0 0
NORTHERN TRUST CORP COM 665859104 1,218 13,058 SH   SOLE   1,218 0 0
OLIN CORP NEW COM 680665205 1,197 63,950 SH   SOLE   1,197 0 0
NEWMONT GOLDCORP COM 651639106 1,165 30,743 SH   SOLE   1,165 0 0
SPIRE COM 84857L101 1,116 12,800 SH   SOLE   1,116 0 0
STRYKER CORP COM 863667101 1,113 5,150 SH   SOLE   1,113 0 0
CHUBB CORPORATION COM 171232101 1,101 6,822 SH   SOLE   1,101 0 0
CATERPILLAR INC COM 149123101 1,055 8,353 SH   SOLE   1,055 0 0
APPLIED MATERIALS INC COM 038222105 1,050 21,050 SH   SOLE   1,050 0 0
METLIFE INC COM 59156R108 1,049 22,262 SH   SOLE   1,049 0 0
TIMKEN COMPANY COM 887389104 1,048 24,100 SH   SOLE   1,048 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,028 71,390 SH   SOLE   1,028 0 0
DOMINION RESOURCES INC. COM 25746U109 1,022 12,620 SH   SOLE   1,022 0 0
VERIZON COMM COM 92343V104 997 16,518 SH   SOLE   997 0 0
STANLEY BLACK & DECKER INC. COM 854502101 994 6,890 SH   SOLE   994 0 0
UNITED TECHNOLOGIES CORP COM 913017109 983 7,207 SH   SOLE   983 0 0
CONOCOPHILLIPS COM 20825C104 949 16,662 SH   SOLE   949 0 0
FRANKLIN ELEC CO INC COM 353514102 946 19,800 SH   SOLE   946 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 937 13,145 SH   SOLE   937 0 0
CALAVO GROWERS INC COM 128246105 923 9,700 SH   SOLE   923 0 0
DOVER CORPORATION COM 260003108 918 9,225 SH   SOLE   918 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 894 17,633 SH   SOLE   894 0 0
MERCK & CO INC COM 58933Y105 829 9,857 SH   SOLE   829 0 0
MURPHY OIL CORP COM 626717102 827 37,420 SH   SOLE   827 0 0
DUKE ENERGY CORPORATION COM 26441C105 817 8,527 SH   SOLE   817 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 804 19,877 SH   SOLE   804 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 786 7,586 SH   SOLE   786 0 0
INGEVITY CORP COM COM 45688C107 767 9,042 SH   SOLE   767 0 0
MARKEL CORP. COM 570535104 750 635 SH   SOLE   750 0 0
MURPHY USA INC. COM 626755102 732 8,593 SH   SOLE   732 0 0
GAP INC COM 364760108 729 42,050 SH   SOLE   729 0 0
MARATHON OIL CO. COM 565849106 724 59,075 SH   SOLE   724 0 0
ENBRIDGE INC. COM 29250N105 710 20,247 SH   SOLE   710 0 0
CORNING INC. COM 219350105 705 24,725 SH   SOLE   705 0 0
CSX CORP COM 126408103 685 9,900 SH   SOLE   685 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 638 4,800 SH   SOLE   638 0 0
OWENS ILLINOIS INC NEW COM 690768403 638 62,150 SH   SOLE   638 0 0
AMERICAN STATES WATER CO COM 029899101 629 7,000 SH   SOLE   629 0 0
BANK OF NEW YORK CO INC COM 064058100 608 13,450 SH   SOLE   608 0 0
SHERWIN WILLIAMS CO COM 824348106 604 1,100 SH   SOLE   604 0 0
HELMERICH & PAYNE INC COM 423452101 597 14,900 SH   SOLE   597 0 0
ALLEGHENY TECH INC COM 01741R102 583 28,800 SH   SOLE   583 0 0
INTEL COM 458140100 561 10,888 SH   SOLE   561 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 553 6,000 SH   SOLE   553 0 0
GENUINE PARTS CO COM COM 372460105 543 5,460 SH   SOLE   543 0 0
AMERITRADE HLDNG CORP CL A COM 87236Y108 539 11,550 SH   SOLE   539 0 0
CORTEVA INC COM COM 22052L104 527 18,853 SH   SOLE   527 0 0
SCHLUMBERGER LTD F COM 806857108 522 15,280 SH   SOLE   522 0 0
DENNYS CORP COM 24869P104 512 22,500 SH   SOLE   512 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 506 10,527 SH   SOLE   506 0 0
PFIZER INC COM 717081103 469 13,069 SH   SOLE   469 0 0
CAMPBELL SOUP COMPANY COM 134429109 464 9,900 SH   SOLE   464 0 0
INTL BUSINESS MACHINES COM 459200101 463 3,186 SH   SOLE   463 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 439 8,700 SH   SOLE   439 0 0
ONE GAS INC COM COM 68235P108 428 4,458 SH   SOLE   428 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 416 8,800 SH   SOLE   416 0 0
WELLS FARGO & CO NEW COM 949746101 405 8,042 SH   SOLE   405 0 0
ARTESIAN RES CORP CLA COM 043113208 405 10,950 SH   SOLE   405 0 0
NUTRIEN LTD CO COM COM 67077M108 382 7,660 SH   SOLE   382 0 0
AMER ELECTRIC PWR CO INC COM 025537101 376 4,020 SH   SOLE   376 0 0
PACCAR INC COM 693718108 371 5,300 SH   SOLE   371 0 0
ANGLOGOLD LTD COM 035128206 368 20,150 SH   SOLE   368 0 0
XEROX CORP COM 984121103 368 12,308 SH   SOLE   368 0 0
GLOBAL PAYMENTS INC. COM 37940X102 363 2,288 SH   SOLE   363 0 0
BP PLC COM 055622104 354 9,320 SH   SOLE   354 0 0
ASTRAZENECA PLC ADR COM 046353108 347 7,800 SH   SOLE   347 0 0
NEXTERA ENERGY INC COM 65339F101 333 1,430 SH   SOLE   333 0 0
INTERNATIONAL PAPER CO COM 460146103 325 7,775 SH   SOLE   325 0 0
VALARIS PLC COM G9402V109 323 67,331 SH   SOLE   323 0 0
HUNTINGTON BANCSHARES INC COM 446150104 322 22,626 SH   SOLE   322 0 0
OCCIDENTAL PETE CORP COM 674599105 318 7,160 SH   SOLE   318 0 0
US BANCORP DEL COM 902973304 309 5,600 SH   SOLE   309 0 0
NUVEEN TX QLTY INCM MUN COM 670983105 309 22,300 SH   SOLE   309 0 0
HESS CORPORATION COM 42809H107 308 5,100 SH   SOLE   308 0 0
AGNICO-EAGLE MINES LTD COM 008474108 305 5,700 SH   SOLE   305 0 0
AVERY DENNISON CORP COM 053611109 295 2,600 SH   SOLE   295 0 0
ALAMOS GOLD INC. COM 011532108 290 50,000 SH   SOLE   290 0 0
BECTON DICKINSON & CO COM 075887109 288 1,140 SH   SOLE   288 0 0
BARRICK GOLD COM 067901108 284 16,409 SH   SOLE   284 0 0
VALVOLINE INC. COM 92047W101 284 12,900 SH   SOLE   284 0 0
MEREDITH CORP. COM 589433101 282 7,700 SH   SOLE   282 0 0
PNC BANK CORP COM 693475105 281 2,010 SH   SOLE   281 0 0
BANCORP SOUTH CM COM 059692103 281 9,500 SH   SOLE   281 0 0
KEYCORP COM 493267108 279 15,641 SH   SOLE   279 0 0
CULLEN FROST BANKERS COM 229899109 274 3,100 SH   SOLE   274 0 0
NOBLE ENERGY INC. COM 655044105 270 12,050 SH   SOLE   270 0 0
OLD REPUBLIC INTL CORP COM 680223104 268 11,400 SH   SOLE   268 0 0
AMGEN INC COM 031162100 267 1,380 SH   SOLE   267 0 0
COMERICA INC. COM 200340107 266 4,046 SH   SOLE   266 0 0
HOLLYFRONTIER CORP COM COM 435758305 265 4,956 SH   SOLE   265 0 0
ROYAL DUTCH SHELL ADR F COM 780259206 253 4,316 SH   SOLE   253 0 0
ZOETIS INC. COM 98978V103 249 2,000 SH   SOLE   249 0 0
PERRIGO CO COM G97822103 248 4,450 SH   SOLE   248 0 0
ASHLAND INC COM 044209104 246 3,200 SH   SOLE   246 0 0
LILLY ELI & COMPANY COM 532457108 246 2,203 SH   SOLE   246 0 0
FORD MOTOR COMPANY COM 345370860 239 26,150 SH   SOLE   239 0 0
BLACK HILLS CORP COM COM 092113109 235 3,068 SH   SOLE   235 0 0
ZIONS BANCORPORATION COM COM 989701107 227 5,100 SH   SOLE   227 0 0
CHURCHILL DOWNS INC KY COM 171484108 222 1,800 SH   SOLE   222 0 0
MUELLER WATER PRODUCTS COM 624758108 219 19,500 SH   SOLE   219 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 215 2,081 SH   SOLE   215 0 0
EXPEDITORS INTL WASH COM 302130109 215 2,900 SH   SOLE   215 0 0
CME GROUP INC COM COM 12572Q105 211 1,000 SH   SOLE   211 0 0
CONNECTICUT WTR SVCS INC COM 207410101 210 3,000 SH   SOLE   210 0 0
KEURIG DR PEPPER INC. COM 49271V100 207 7,600 SH   SOLE   207 0 0
DIAMONDBACK ENERGY COM 25278X109 206 2,301 SH   SOLE   206 0 0
PARK NATIONAL CORP COM 700658107 203 2,150 SH   SOLE   203 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 194 12,313 SH   SOLE   194 0 0
FERRO CORP COM 315405100 188 15,926 SH   SOLE   188 0 0
NO EUROPEAN OIL TR COM 659310106 184 30,300 SH   SOLE   184 0 0
KINROSS GOLD CORP NEW COM 496902404 182 39,773 SH   SOLE   182 0 0
FARMER BROS. CO. COM 307675108 182 14,100 SH   SOLE   182 0 0
PETROLEO BRASILERIO ADRF COM 71654V408 147 10,175 SH   SOLE   147 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 122 27,505 SH   SOLE   122 0 0
ENCANA CORP COM 292505104 113 24,594 SH   SOLE   113 0 0
TIMKENSTEEL CORP COM COM 887399103 105 16,850 SH   SOLE   105 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 105 20,400 SH   SOLE   105 0 0
INTEVAC INC COM 461148108 96 18,400 SH   SOLE   96 0 0
IAMGOLD CORPORATION COM 450913108 57 16,760 SH   SOLE   57 0 0
SOLITARIO EXPLORATION COM 8342EP107 55 198,000 SH   SOLE   55 0 0
ORION MARINE GROUP COM 68628V308 45 10,000 SH   SOLE   45 0 0
YAMANA GOLD INC COM 98462Y100 38 12,000 SH   SOLE   38 0 0
PDL BIOPHARMA INC COM 69329Y104 28 13,000 SH   SOLE   28 0 0
HECLA MINING COM 422704106 22 12,500 SH   SOLE   22 0 0
NABORS INDUSTRIES INC COM G6359F103 20 11,100 SH   SOLE   20 0 0
STEIN MART INC COM 858375108 8 10,800 SH   SOLE   8 0 0
GREAT PANTHER SILVER COM 39115V101 7 10,000 SH   SOLE   7 0 0