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 9,205 86,049 SH   SOLE   9,205 0 0
GRAINGER WW INC COM 384802104 8,392 20,552 SH   SOLE   8,392 0 0
MASTERCARD INC COM 57636Q104 8,309 23,281 SH   SOLE   8,309 0 0
LINDE PLC COM COM G5494J103 8,194 31,098 SH   SOLE   8,194 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 6,228 22,795 SH   SOLE   6,228 0 0
TRACTOR SUPPLY COMPANY COM 892356106 5,452 38,787 SH   SOLE   5,452 0 0
AGILENT TECHNOLOGIES COM 00846U101 5,424 45,781 SH   SOLE   5,424 0 0
TEXAS INSTRUMENTS INC COM 882508104 5,191 31,631 SH   SOLE   5,191 0 0
MICROSOFT CORP COM 594918104 5,147 23,144 SH   SOLE   5,147 0 0
AUTO DATA PROCESSING COM 053015103 5,025 28,522 SH   SOLE   5,025 0 0
HERSHEY FOODS CORP COM 427866108 4,960 32,564 SH   SOLE   4,960 0 0
APPLE, INC COM 037833100 4,940 37,235 SH   SOLE   4,940 0 0
DISNEY WALT HOLDING CO COM 254687106 4,582 25,295 SH   SOLE   4,582 0 0
PEPSICO INCORPORATED COM 713448108 4,504 30,377 SH   SOLE   4,504 0 0
JOHNSON & JOHNSON COM 478160104 4,215 26,786 SH   SOLE   4,215 0 0
CHEVRONTEXACO CORP COM 166764100 4,072 48,227 SH   SOLE   4,072 0 0
BROWN FORMAN CORP CL B COM 115637209 4,030 50,744 SH   SOLE   4,030 0 0
MC CORMICK & CO NEW VT COM 579780206 3,941 41,230 SH   SOLE   3,941 0 0
ABBOTT LABORATORIES COM 002824100 3,756 34,307 SH   SOLE   3,756 0 0
LAUDER ESTEE CORP CL A COM 518439104 3,680 13,827 SH   SOLE   3,680 0 0
UNION PACIFIC CORP COM 907818108 3,621 17,391 SH   SOLE   3,621 0 0
EXXON MOBIL CORP COM 30231G102 3,614 87,681 SH   SOLE   3,614 0 0
EMERSON ELECTRIC COM 291011104 3,594 44,723 SH   SOLE   3,594 0 0
DEERE & CO COM 244199105 3,538 13,150 SH   SOLE   3,538 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,482 22,732 SH   SOLE   3,482 0 0
SYSCO CORP. COM 871829107 3,419 46,044 SH   SOLE   3,419 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 3,288 24,895 SH   SOLE   3,288 0 0
TRANE TECHNOLOGIES PLC COM G8994E103 3,281 22,605 SH   SOLE   3,281 0 0
ABBVIE INC COM COM 00287Y109 3,183 29,712 SH   SOLE   3,183 0 0
KIMBERLY-CLARK CORP COM 494368103 2,925 21,699 SH   SOLE   2,925 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,913 20,593 SH   SOLE   2,913 0 0
DOW CHEMICAL COM 260557103 2,788 50,251 SH   SOLE   2,788 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 2,560 23,526 SH   SOLE   2,560 0 0
SONOCO PRODUCTS INC COM 835495102 2,559 43,200 SH   SOLE   2,559 0 0
STERIS PLC COM 859152100 2,454 12,950 SH   SOLE   2,454 0 0
MIDDLEBY CORP THE COM 596278101 2,420 18,775 SH   SOLE   2,420 0 0
HOME DEPOT INC COM 437076102 2,384 8,976 SH   SOLE   2,384 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,378 21,977 SH   SOLE   2,378 0 0
EATON CORPORATION COM 278058102 2,301 19,153 SH   SOLE   2,301 0 0
CINTAS CORP COM 172908105 2,271 6,426 SH   SOLE   2,271 0 0
GORMAN-RUPP CO COM COM 383082104 2,235 68,903 SH   SOLE   2,235 0 0
HONEYWELL INC. COM 438516106 2,200 10,347 SH   SOLE   2,200 0 0
WESTROCK CO COM COM 96145D105 2,192 50,374 SH   SOLE   2,192 0 0
NORFOLK SOUTHERN CORP COM 655844108 2,178 9,168 SH   SOLE   2,178 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 2,172 5,766 SH   SOLE   2,172 0 0
DARDEN RESTURANTS INC COM 237194105 2,131 17,895 SH   SOLE   2,131 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 2,098 14,050 SH   SOLE   2,098 0 0
OLIN CORP NEW COM 680665205 2,021 82,300 SH   SOLE   2,021 0 0
ANALOG DEVICES INC COM 032654105 1,977 13,387 SH   SOLE   1,977 0 0
CASEYS GENERAL STORES INC COM 147528103 1,942 10,874 SH   SOLE   1,942 0 0
PARKER-HANNIFIN CORP COM 701094104 1,940 7,125 SH   SOLE   1,940 0 0
BUNGE COM G16962105 1,899 28,962 SH   SOLE   1,899 0 0
COCA-COLA COMPANY COM 191216100 1,879 34,277 SH   SOLE   1,879 0 0
APPLIED MATERIALS INC COM 038222105 1,844 21,375 SH   SOLE   1,844 0 0
TIMKEN COMPANY COM 887389104 1,825 23,600 SH   SOLE   1,825 0 0
NEWMONT GOLDCORP COM 651639106 1,760 29,399 SH   SOLE   1,760 0 0
APPLIED INDL. TECH. COM 03820C105 1,731 22,200 SH   SOLE   1,731 0 0
LOWES COMPANIES INC COM 548661107 1,703 10,615 SH   SOLE   1,703 0 0
ALBANY INT'L CORP. COM 012348108 1,629 22,200 SH   SOLE   1,629 0 0
GENERAL MILLS INC COM 370334104 1,617 27,507 SH   SOLE   1,617 0 0
CELANESE CORP. COM 150870103 1,604 12,350 SH   SOLE   1,604 0 0
CATERPILLAR INC COM 149123101 1,502 8,253 SH   SOLE   1,502 0 0
AMERICAN EXPRESS CO. COM 025816109 1,438 11,900 SH   SOLE   1,438 0 0
3M COMPANY COM 88579Y101 1,420 8,125 SH   SOLE   1,420 0 0
ADVANSIX INC COM COM 00773T101 1,399 70,026 SH   SOLE   1,399 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 1,372 19,299 SH   SOLE   1,372 0 0
FRANKLIN ELEC CO INC COM 353514102 1,280 18,500 SH   SOLE   1,280 0 0
KIRBY CORP COM 497266106 1,270 24,522 SH   SOLE   1,270 0 0
STRYKER CORP COM 863667101 1,261 5,150 SH   SOLE   1,261 0 0
NORTHERN TRUST CORP COM 665859104 1,215 13,050 SH   SOLE   1,215 0 0
STANLEY BLACK & DECKER INC. COM 854502101 1,192 6,680 SH   SOLE   1,192 0 0
ATMOS ENERGY CORP COM 049560105 1,133 11,876 SH   SOLE   1,133 0 0
CHUBB CORPORATION COM 171232101 1,132 7,356 SH   SOLE   1,132 0 0
DOVER CORPORATION COM 260003108 1,118 8,863 SH   SOLE   1,118 0 0
MURPHY USA INC. COM 626755102 1,104 8,443 SH   SOLE   1,104 0 0
INGEVITY CORP COM COM 45688C107 1,101 14,546 SH   SOLE   1,101 0 0
VERIZON COMM COM 92343V104 1,074 18,286 SH   SOLE   1,074 0 0
VALERO ENERGY COM 91913Y100 1,071 18,938 SH   SOLE   1,071 0 0
AVNET INC COM 053807103 1,069 30,450 SH   SOLE   1,069 0 0
PFIZER INC COM 717081103 1,054 28,638 SH   SOLE   1,054 0 0
NEENAH PAPER INC COM 640079109 1,045 18,893 SH   SOLE   1,045 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,030 16,615 SH   SOLE   1,030 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 1,027 5,033 SH   SOLE   1,027 0 0
CORTEVA INC COM COM 22052L104 999 25,814 SH   SOLE   999 0 0
ENBRIDGE INC. COM 29250N105 945 29,569 SH   SOLE   945 0 0
METLIFE INC COM 59156R108 943 20,100 SH   SOLE   943 0 0
INGERSOLL-RAND COMPANY COM G47791101 927 20,355 SH   SOLE   927 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 911 7,831 SH   SOLE   911 0 0
CSX CORP COM 126408103 898 9,900 SH   SOLE   898 0 0
PHILLIPS 66 COM COM 718546104 898 12,845 SH   SOLE   898 0 0
MARATHON PETE CORP COM COM 56585A102 850 20,571 SH   SOLE   850 0 0
CORNING INC. COM 219350105 849 23,600 SH   SOLE   849 0 0
ONEOK, INC COM 682680103 844 22,005 SH   SOLE   844 0 0
GOODYEAR TIRE & RUBBER COM 382550101 844 77,367 SH   SOLE   844 0 0
SCHLUMBERGER LTD F COM 806857108 841 38,552 SH   SOLE   841 0 0
DOMINION RESOURCES INC. COM 25746U109 835 11,109 SH   SOLE   835 0 0
GAP INC COM 364760108 820 40,642 SH   SOLE   820 0 0
THE CHARLES SCHWAB CORP COM 808513105 815 15,379 SH   SOLE   815 0 0
SHERWIN WILLIAMS CO COM 824348106 808 1,100 SH   SOLE   808 0 0
MERCK & CO INC COM 58933Y105 803 9,825 SH   SOLE   803 0 0
SPIRE COM 84857L101 781 12,200 SH   SOLE   781 0 0
MURPHY OIL CORP COM 626717102 780 64,520 SH   SOLE   780 0 0
O-I GLASS, INC. COM 690768403 740 62,250 SH   SOLE   740 0 0
MARKEL CORP. COM 570535104 707 685 SH   SOLE   707 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 691 6,000 SH   SOLE   691 0 0
DUKE ENERGY CORPORATION COM 26441C105 672 7,349 SH   SOLE   672 0 0
CALAVO GROWERS INC COM 128246105 659 9,500 SH   SOLE   659 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 642 17,750 SH   SOLE   642 0 0
VIATRIS INC. COM 92556V106 630 33,637 SH   SOLE   630 0 0
CONOCOPHILLIPS COM 20825C104 626 15,657 SH   SOLE   626 0 0
COMERICA INC. COM 200340107 622 11,146 SH   SOLE   622 0 0
INTEL COM 458140100 584 11,728 SH   SOLE   584 0 0
GENUINE PARTS CO COM COM 372460105 578 5,760 SH   SOLE   578 0 0
BANK OF NEW YORK CO INC COM 064058100 564 13,300 SH   SOLE   564 0 0
AMERICAN STATES WATER CO COM 029899101 548 6,900 SH   SOLE   548 0 0
RAYTHEON TECHNOLOGIES CO. COM 75513E101 546 7,636 SH   SOLE   546 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 518 10,007 SH   SOLE   518 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 510 8,600 SH   SOLE   510 0 0
NETAPP INC. COM 64110D104 510 7,700 SH   SOLE   510 0 0
GLOBAL PAYMENTS INC. COM 37940X102 495 2,300 SH   SOLE   495 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 487 2,081 SH   SOLE   487 0 0
ALLEGHENY TECH INC COM 01741R102 476 28,400 SH   SOLE   476 0 0
PACCAR INC COM 693718108 474 5,500 SH   SOLE   474 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 459 8,700 SH   SOLE   459 0 0
HESS CORPORATION COM 42809H107 459 8,700 SH   SOLE   459 0 0
AGNICO-EAGLE MINES LTD COM 008474108 444 6,300 SH   SOLE   444 0 0
AMGEN INC COM 031162100 443 1,930 SH   SOLE   443 0 0
INTL BUSINESS MACHINES COM 459200101 438 3,486 SH   SOLE   438 0 0
NEXTERA ENERGY INC COM 65339F101 438 5,680 SH   SOLE   438 0 0
TRANSDIGM GROUP INC. COM 893641100 423 685 SH   SOLE   423 0 0
NUTRIEN LTD CO COM COM 67077M108 418 8,680 SH   SOLE   418 0 0
ALAMOS GOLD INC. COM 011532108 415 47,500 SH   SOLE   415 0 0
ANGLOGOLD LTD COM 035128206 410 18,150 SH   SOLE   410 0 0
KNOWLES CORP COM COM 49926D109 407 22,131 SH   SOLE   407 0 0
ARTESIAN RES CORP CLA COM 043113208 400 10,813 SH   SOLE   400 0 0
MARATHON OIL CO. COM 565849106 400 60,025 SH   SOLE   400 0 0
XEROX CORP COM 984121103 396 17,108 SH   SOLE   396 0 0
MATSON INC COM COM 57686G105 387 6,800 SH   SOLE   387 0 0
SPROUTS FARMERS MKT COM 85208M102 382 19,050 SH   SOLE   382 0 0
BARRICK GOLD COM 067901108 378 16,600 SH   SOLE   378 0 0
LILLY ELI & COMPANY COM 532457108 371 2,203 SH   SOLE   371 0 0
MACYS INC. COM 55616P104 371 33,050 SH   SOLE   371 0 0
ONE GAS INC COM COM 68235P108 367 4,783 SH   SOLE   367 0 0
DENNYS CORP COM 24869P104 359 24,500 SH   SOLE   359 0 0
ASTRAZENECA PLC ADR COM 046353108 357 7,146 SH   SOLE   357 0 0
CHURCHILL DOWNS INC KY COM 171484108 350 1,800 SH   SOLE   350 0 0
AVERY DENNISON CORP COM 053611109 348 2,250 SH   SOLE   348 0 0
INTERNATIONAL PAPER CO COM 460146103 347 6,988 SH   SOLE   347 0 0
OLD REPUBLIC INTL CORP COM 680223104 346 17,600 SH   SOLE   346 0 0
CLEVELAND-CLIFFS, INC. COM 185899101 345 23,700 SH   SOLE   345 0 0
DISCOVER FINL SVCS COM COM 254709108 344 3,800 SH   SOLE   344 0 0
HELMERICH & PAYNE INC COM 423452101 341 14,750 SH   SOLE   341 0 0
NUVEEN QUALITY MUNICIPAL COM 67066V101 335 21,835 SH   SOLE   335 0 0
Capstead Mortg Pfd COM 14067E605 334 13,600 SH   SOLE   334 0 0
ZOETIS INC. COM 98978V103 331 2,000 SH   SOLE   331 0 0
CHEMOURS COMPANY COM 163851108 321 12,968 SH   SOLE   321 0 0
STEEL DYNAMICS INC COM 858119100 320 8,700 SH   SOLE   320 0 0
AMER ELECTRIC PWR CO INC COM 025537101 314 3,780 SH   SOLE   314 0 0
COMMERCIAL METALS CO COM 201723103 299 14,600 SH   SOLE   299 0 0
VALVOLINE INC. COM 92047W101 298 12,900 SH   SOLE   298 0 0
KINROSS GOLD CORP NEW COM 496902404 290 39,600 SH   SOLE   290 0 0
BECTON DICKINSON & CO COM 075887109 285 1,140 SH   SOLE   285 0 0
CARRIER GLOBAL CORP. COM 14448C104 285 7,556 SH   SOLE   285 0 0
PNC BANK CORP COM 693475105 284 1,910 SH   SOLE   284 0 0
MOSAIC CO NEW COM 61945C103 283 12,300 SH   SOLE   283 0 0
ZIONS BANCORPORATION COM COM 989701107 264 6,100 SH   SOLE   264 0 0
BP PLC COM 055622104 263 12,828 SH   SOLE   263 0 0
KEYCORP COM 493267108 258 15,766 SH   SOLE   258 0 0
CALERES INC. COM 129500104 258 16,500 SH   SOLE   258 0 0
EXPEDITORS INTL WASH COM 302130109 256 2,700 SH   SOLE   256 0 0
US BANCORP DEL COM 902973304 256 5,500 SH   SOLE   256 0 0
HUNTINGTON BANCSHARES INC COM 446150104 254 20,118 SH   SOLE   254 0 0
ASHLAND INC COM 044186104 253 3,200 SH   SOLE   253 0 0
CULLEN FROST BANKERS COM 229899109 252 2,900 SH   SOLE   252 0 0
OTIS WORLDWIDE CORP. COM 68902V107 241 3,577 SH   SOLE   241 0 0
PAN AMERICAN SILVER COM 697900108 241 7,000 SH   SOLE   241 0 0
MUELLER WATER PRODUCTS COM 624758108 241 19,500 SH   SOLE   241 0 0
ACTIVISION CORP COM 00507V109 232 2,500 SH   SOLE   232 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 231 14,392 SH   SOLE   231 0 0
COLGATE-PALMOLIVE CO COM 194162103 230 2,700 SH   SOLE   230 0 0
KEURIG DR PEPPER INC. COM 49271V100 230 7,200 SH   SOLE   230 0 0
PAYCHEX INC COM 704326107 230 2,471 SH   SOLE   230 0 0
FORD MOTOR COMPANY COM 345370860 229 26,150 SH   SOLE   229 0 0
QUAKER CHEMICAL CORP COM 747316107 228 900 SH   SOLE   228 0 0
HOLLYFRONTIER CORP COM COM 435758305 227 8,800 SH   SOLE   227 0 0
WELLS FARGO & CO NEW COM 949746101 224 7,442 SH   SOLE   224 0 0
PENN NATIONAL GAMING COM 707569109 224 2,600 SH   SOLE   224 0 0
FERRO CORP COM 315405100 222 15,226 SH   SOLE   222 0 0
ST JOE COMPANY COM 790148100 203 4,788 SH   SOLE   203 0 0
BANCORP SOUTH CM COM 05971J102 203 7,400 SH   SOLE   203 0 0
HALLIBURTON COMPANY COM 406216101 202 10,695 SH   SOLE   202 0 0
OCCIDENTAL PETE CORP COM 674599105 197 11,429 SH   SOLE   197 0 0
TIMKENSTEEL CORP COM COM 887399103 190 40,850 SH   SOLE   190 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 169 73,366 SH   SOLE   169 0 0
FLUOR CORPORATION COM 343412102 166 10,400 SH   SOLE   166 0 0
DNP SELECT INCOME FUND COM 23325P104 150 14,655 SH   SOLE   150 0 0
INTEVAC INC COM 461148108 130 18,100 SH   SOLE   130 0 0
SOLITARIO EXPLORATION COM 8342EP107 108 193,000 SH   SOLE   108 0 0
NO EUROPEAN OIL TR COM 659310106 102 35,500 SH   SOLE   102 0 0
ZIX CORP COM 98974P100 86 10,000 SH   SOLE   86 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 79 23,900 SH   SOLE   79 0 0
ORION MARINE GROUP COM 68628V308 74 15,000 SH   SOLE   74 0 0
FARMER BROS. CO. COM 307675108 70 15,100 SH   SOLE   70 0 0
YAMANA GOLD INC COM 98462Y100 65 11,500 SH   SOLE   65 0 0
IAMGOLD CORPORATION COM 450913108 62 17,000 SH   SOLE   62 0 0
PATTERSON UTIL ENRGY COM 703481101 52 10,000 SH   SOLE   52 0 0
KOSMOS ENERGY LTD COM 500688106 51 22,000 SH   SOLE   51 0 0
AEGON N V ORD AMER REG COM 007924103 39 10,000 SH   SOLE   39 0 0
MARINE PETE TRUST UTS COM 568423107 33 10,000 SH   SOLE   33 0 0
SOUTHWESTERN ENERGY CO COM 845467109 31 10,700 SH   SOLE   31 0 0
PDL BIOPHARMA INC COM 69329Y104 31 12,600 SH   SOLE   31 0 0
CHICOS FAS INC COM 168615102 17 10,900 SH   SOLE   17 0 0
GREAT PANTHER SILVER COM 39115V101 9 11,000 SH   SOLE   9 0 0