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
FIFTH THIRD BANCORP COM 316773100 250 6,556 SH   SOLE   250 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,121 16,791 SH   SOLE   1,121 0 0
BROWN FORMAN CORP CL B COM 115637209 3,770 50,319 SH   SOLE   3,770 0 0
CSX CORP COM 126408103 952 29,700 SH   SOLE   952 0 0
CABOT OIL & GAS COM 127097103 240 13,800 SH   SOLE   240 0 0
CALAVO GROWERS INC COM 128246105 602 9,500 SH   SOLE   602 0 0
CALERES INC. COM 129500104 450 16,500 SH   SOLE   450 0 0
CARMAX INC COM 143130102 258 2,000 SH   SOLE   258 0 0
CASEYS GENERAL STORES INC COM 147528103 2,058 10,574 SH   SOLE   2,058 0 0
CATERPILLAR INC COM 149123101 1,796 8,253 SH   SOLE   1,796 0 0
CELANESE CORP. COM 150870103 1,872 12,350 SH   SOLE   1,872 0 0
CHEMOURS COMPANY COM 163851108 451 12,968 SH   SOLE   451 0 0
CHESAPEAKE UTIL CORP COM 165303108 2,551 21,202 SH   SOLE   2,551 0 0
CHEVRONTEXACO CORP COM 166764100 4,955 47,316 SH   SOLE   4,955 0 0
CHICOS FAS INC COM 168615102 94 14,400 SH   SOLE   94 0 0
CHUBB CORPORATION COM 171232101 1,169 7,356 SH   SOLE   1,169 0 0
CHURCHILL DOWNS INC KY COM 171484108 356 1,800 SH   SOLE   356 0 0
CINTAS CORP COM 172908105 2,378 6,226 SH   SOLE   2,378 0 0
CLEVELAND-CLIFFS, INC. COM 185899101 1,078 50,025 SH   SOLE   1,078 0 0
COCA-COLA COMPANY COM 191216100 1,810 33,452 SH   SOLE   1,810 0 0
COLGATE-PALMOLIVE CO COM 194162103 219 2,700 SH   SOLE   219 0 0
COMERICA INC. COM 200340107 933 13,090 SH   SOLE   933 0 0
COMMERCIAL METALS CO COM 201723103 559 18,200 SH   SOLE   559 0 0
CORNING INC. COM 219350105 965 23,600 SH   SOLE   965 0 0
CRANE COMPANY COM 224399105 212 2,300 SH   SOLE   212 0 0
CULLEN FROST BANKERS COM 229899109 324 2,900 SH   SOLE   324 0 0
DARDEN RESTURANTS INC COM 237194105 2,607 17,860 SH   SOLE   2,607 0 0
DEERE & CO COM 244199105 4,630 13,128 SH   SOLE   4,630 0 0
DISNEY WALT HOLDING CO COM 254687106 4,401 25,040 SH   SOLE   4,401 0 0
DISCOVER FINL SVCS COM COM 254709108 473 4,000 SH   SOLE   473 0 0
DOVER CORPORATION COM 260003108 1,229 8,163 SH   SOLE   1,229 0 0
DOW CHEMICAL COM 260557103 3,129 49,451 SH   SOLE   3,129 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 1,486 19,199 SH   SOLE   1,486 0 0
EATON CORPORATION COM 278058102 2,806 18,943 SH   SOLE   2,806 0 0
EBAY INC COM 278642103 216 3,081 SH   SOLE   216 0 0
EMERSON ELECTRIC COM 291011104 4,206 43,713 SH   SOLE   4,206 0 0
EXPEDITORS INTL WASH COM 302130109 341 2,700 SH   SOLE   341 0 0
FARMER BROS. CO. COM 307675108 191 15,100 SH   SOLE   191 0 0
FERRO CORP COM 315405100 317 14,726 SH   SOLE   317 0 0
FLUOR CORPORATION COM 343412102 182 10,300 SH   SOLE   182 0 0
FORD MOTOR COMPANY COM 345370860 366 24,650 SH   SOLE   366 0 0
FRANKLIN ELEC CO INC COM 353514102 1,491 18,500 SH   SOLE   1,491 0 0
GAP INC COM 364760108 1,280 38,042 SH   SOLE   1,280 0 0
GENERAL MILLS INC COM 370334104 1,682 27,607 SH   SOLE   1,682 0 0
GENUINE PARTS CO COM COM 372460105 715 5,660 SH   SOLE   715 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,306 76,167 SH   SOLE   1,306 0 0
GORMAN-RUPP CO COM COM 383082104 2,362 68,603 SH   SOLE   2,362 0 0
GRAINGER WW INC COM 384802104 8,813 20,122 SH   SOLE   8,813 0 0
HALLIBURTON COMPANY COM 406216101 228 9,870 SH   SOLE   228 0 0
HELMERICH & PAYNE INC COM 423452101 474 14,550 SH   SOLE   474 0 0
HERSHEY FOODS CORP COM 427866108 5,580 32,039 SH   SOLE   5,580 0 0
HOLLYFRONTIER CORP COM COM 435758305 289 8,800 SH   SOLE   289 0 0
HOME DEPOT INC COM 437076102 2,856 8,958 SH   SOLE   2,856 0 0
HONEYWELL INC. COM 438516106 2,269 10,347 SH   SOLE   2,269 0 0
HUNTINGTON BANCSHARES INC COM 446150104 287 20,118 SH   SOLE   287 0 0
IAMGOLD CORPORATION COM 450913108 57 19,500 SH   SOLE   57 0 0
ILLINOIS TOOL WORKS COM 452308109 201 900 SH   SOLE   201 0 0
IMPERIAL OIL LTD COM 453038408 274 9,000 SH   SOLE   274 0 0
INTEL COM 458140100 644 11,478 SH   SOLE   644 0 0
INTL BUSINESS MACHINES COM 459200101 439 2,997 SH   SOLE   439 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,432 22,974 SH   SOLE   3,432 0 0
INTERNATIONAL PAPER CO COM 460146103 425 6,938 SH   SOLE   425 0 0
INTEVAC INC COM 461148108 121 18,100 SH   SOLE   121 0 0
JOHNSON & JOHNSON COM 478160104 4,301 26,111 SH   SOLE   4,301 0 0
KANSAS CITY SOUTHERN NEW COM 485170302 1,426 5,033 SH   SOLE   1,426 0 0
KELLOGG COMPANY COM 487836108 212 3,310 SH   SOLE   212 0 0
KEYCORP COM 493267108 323 15,666 SH   SOLE   323 0 0
KIMBERLY-CLARK CORP COM 494368103 2,902 21,699 SH   SOLE   2,902 0 0
KINROSS GOLD CORP NEW COM 496902404 260 41,100 SH   SOLE   260 0 0
KIRBY CORP COM 497266106 1,499 24,722 SH   SOLE   1,499 0 0
KOSMOS ENERGY LTD COM 500688106 84 24,500 SH   SOLE   84 0 0
KROGER CO COM 501044101 218 5,700 SH   SOLE   218 0 0
LAUDER ESTEE CORP CL A COM 518439104 4,356 13,697 SH   SOLE   4,356 0 0
LILLY ELI & COMPANY COM 532457108 505 2,203 SH   SOLE   505 0 0
LOWES COMPANIES INC COM 548661107 2,010 10,365 SH   SOLE   2,010 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 2,293 13,850 SH   SOLE   2,293 0 0
MARATHON OIL CO. COM 565849106 805 59,125 SH   SOLE   805 0 0
MARKEL CORP. COM 570535104 812 685 SH   SOLE   812 0 0
MC CORMICK & CO NEW VT COM 579780206 3,690 41,780 SH   SOLE   3,690 0 0
MEREDITH CORP. COM 589433101 386 8,900 SH   SOLE   386 0 0
MICROSOFT CORP COM 594918104 6,192 22,859 SH   SOLE   6,192 0 0
MIDDLEBY CORP THE COM 596278101 3,231 18,650 SH   SOLE   3,231 0 0
MUELLER WATER PRODUCTS COM 624758108 281 19,500 SH   SOLE   281 0 0
MURPHY OIL CORP COM 626717102 1,502 64,520 SH   SOLE   1,502 0 0
MURPHY USA INC. COM 626755102 1,086 8,143 SH   SOLE   1,086 0 0
NEENAH PAPER INC COM 640079109 937 18,693 SH   SOLE   937 0 0
NEWMONT GOLDCORP COM 651639106 1,869 29,499 SH   SOLE   1,869 0 0
NIKE INC CLASS B COM 654106103 200 1,300 SH   SOLE   200 0 0
NORFOLK SOUTHERN CORP COM 655844108 2,433 9,168 SH   SOLE   2,433 0 0
NO EUROPEAN OIL TR COM 659310106 246 34,800 SH   SOLE   246 0 0
NORTHERN TRUST CORP COM 665859104 1,508 13,050 SH   SOLE   1,508 0 0
OCCIDENTAL PETE CORP COM 674599105 357 11,429 SH   SOLE   357 0 0
OLD REPUBLIC INTL CORP COM 680223104 438 17,600 SH   SOLE   438 0 0
OLIN CORP NEW COM 680665205 3,713 80,285 SH   SOLE   3,713 0 0
ONEOK, INC COM 682680103 1,223 21,995 SH   SOLE   1,223 0 0
ORANGE COM 684060106 114 10,000 SH   SOLE   114 0 0
O-I GLASS, INC. COM 690768403 1,117 68,450 SH   SOLE   1,117 0 0
PNC BANK CORP COM 693475105 345 1,810 SH   SOLE   345 0 0
PACCAR INC COM 693718108 490 5,500 SH   SOLE   490 0 0
PAN AMERICAN SILVER COM 697900108 205 7,200 SH   SOLE   205 0 0
PARKER-HANNIFIN CORP COM 701094104 2,157 7,025 SH   SOLE   2,157 0 0
PATTERSON UTIL ENRGY COM 703481101 99 10,000 SH   SOLE   99 0 0
PAYCHEX INC COM 704326107 265 2,471 SH   SOLE   265 0 0
PEPSICO INCORPORATED COM 713448108 4,393 29,650 SH   SOLE   4,393 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 142 25,400 SH   SOLE   142 0 0
PFIZER INC COM 717081103 1,147 29,313 SH   SOLE   1,147 0 0
PHILLIPS 66 COM COM 718546104 1,068 12,445 SH   SOLE   1,068 0 0
PIONEER NATURAL RES CO COM 723787107 227 1,400 SH   SOLE   227 0 0
QUAKER CHEMICAL CORP COM 747316107 213 900 SH   SOLE   213 0 0
RALPH LAUREN CORP. COM 751212101 212 1,800 SH   SOLE   212 0 0
ST JOE COMPANY COM 790148100 213 4,788 SH   SOLE   213 0 0
SCHLUMBERGER LTD F COM 806857108 1,198 37,452 SH   SOLE   1,198 0 0
THE CHARLES SCHWAB CORP COM 808513105 1,129 15,512 SH   SOLE   1,129 0 0
SHERWIN WILLIAMS CO COM 824348106 899 3,300 SH   SOLE   899 0 0
SONOCO PRODUCTS INC COM 835495102 2,809 41,990 SH   SOLE   2,809 0 0
SOUTHWESTERN ENERGY CO COM 845467109 60 10,700 SH   SOLE   60 0 0
STANLEY BLACK & DECKER INC. COM 854502101 1,348 6,580 SH   SOLE   1,348 0 0
STARBUCKS CORP COM 855244109 9,579 85,679 SH   SOLE   9,579 0 0
STEEL DYNAMICS INC COM 858119100 512 8,600 SH   SOLE   512 0 0
STERIS PLC COM 859152100 2,630 12,750 SH   SOLE   2,630 0 0
STRYKER CORP COM 863667101 1,337 5,150 SH   SOLE   1,337 0 0
SYSCO CORP. COM 871829107 3,495 44,959 SH   SOLE   3,495 0 0
TEXAS INSTRUMENTS INC COM 882508104 5,860 30,474 SH   SOLE   5,860 0 0
TIMKEN COMPANY COM 887389104 1,893 23,500 SH   SOLE   1,893 0 0
TIMKENSTEEL CORP COM COM 887399103 779 55,100 SH   SOLE   779 0 0
TRACTOR SUPPLY COMPANY COM 892356106 7,102 38,172 SH   SOLE   7,102 0 0
TRANSDIGM GROUP INC. COM 893641100 443 685 SH   SOLE   443 0 0
US BANCORP DEL COM 902973304 313 5,500 SH   SOLE   313 0 0
UNION PACIFIC CORP COM 907818108 3,832 17,426 SH   SOLE   3,832 0 0
U S X-US STEEL GROUP COM 912909108 765 31,875 SH   SOLE   765 0 0
WEINGARTEN REALTY INV COM 948741103 293 9,152 SH   SOLE   293 0 0
WELLS FARGO & CO NEW COM 949746101 318 7,042 SH   SOLE   318 0 0
XEROX CORP COM 984121103 386 16,433 SH   SOLE   386 0 0
ZIONS BANCORPORATION COM COM 989701107 322 6,100 SH   SOLE   322 0 0
ACCO BRANDS CORP COM COM 00081T108 86 10,000 SH   SOLE   86 0 0
ABBOTT LABORATORIES COM 002824100 3,926 33,867 SH   SOLE   3,926 0 0
ABBVIE INC COM COM 00287Y109 3,263 28,977 SH   SOLE   3,263 0 0
ACTIVISION CORP COM 00507V109 238 2,500 SH   SOLE   238 0 0
ADVANSIX INC COM COM 00773T101 2,070 69,326 SH   SOLE   2,070 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 420 8,700 SH   SOLE   420 0 0
AEGON N V ORD AMER REG COM 007924103 41 10,000 SH   SOLE   41 0 0
AGILENT TECHNOLOGIES COM 00846U101 6,721 45,474 SH   SOLE   6,721 0 0
AGNICO-EAGLE MINES LTD COM 008474108 382 6,325 SH   SOLE   382 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 6,396 22,234 SH   SOLE   6,396 0 0
ALAMOS GOLD INC. COM 011532108 363 47,500 SH   SOLE   363 0 0
ALBANY INT'L CORP. COM 012348108 1,972 22,100 SH   SOLE   1,972 0 0
ALLEGHENY TECH INC COM 01741R102 558 26,800 SH   SOLE   558 0 0
AMER ELECTRIC PWR CO INC COM 025537101 318 3,765 SH   SOLE   318 0 0
AMERICAN EXPRESS CO. COM 025816109 1,982 12,000 SH   SOLE   1,982 0 0
AMERICAN STATES WATER CO COM 029899101 548 6,900 SH   SOLE   548 0 0
AMGEN INC COM 031162100 470 1,930 SH   SOLE   470 0 0
ANALOG DEVICES INC COM 032654105 2,257 13,112 SH   SOLE   2,257 0 0
ANGLOGOLD LTD COM 035128206 341 18,398 SH   SOLE   341 0 0
APPLE, INC COM 037833100 5,092 37,183 SH   SOLE   5,092 0 0
APPLIED INDL. TECH. COM 03820C105 1,984 21,790 SH   SOLE   1,984 0 0
APPLIED MATERIALS INC COM 038222105 2,986 20,975 SH   SOLE   2,986 0 0
ARTESIAN RES CORP CLA COM 043113208 399 10,863 SH   SOLE   399 0 0
ASHLAND INC COM 044186104 280 3,200 SH   SOLE   280 0 0
ASTRAZENECA PLC ADR COM 046353108 428 7,146 SH   SOLE   428 0 0
ATMOS ENERGY CORP COM 049560105 1,138 11,851 SH   SOLE   1,138 0 0
AUTO DATA PROCESSING COM 053015103 5,641 28,402 SH   SOLE   5,641 0 0
AVERY DENNISON CORP COM 053611109 473 2,250 SH   SOLE   473 0 0
AVNET INC COM 053807103 1,210 30,200 SH   SOLE   1,210 0 0
BP PLC COM 055622104 329 12,464 SH   SOLE   329 0 0
BANCORP SOUTH CM COM 05971J102 202 7,150 SH   SOLE   202 0 0
BANK OF NEW YORK CO INC COM 064058100 681 13,300 SH   SOLE   681 0 0
BARRICK GOLD COM 067901108 380 18,400 SH   SOLE   380 0 0
BECTON DICKINSON & CO COM 075887109 277 1,140 SH   SOLE   277 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 794 17,450 SH   SOLE   794 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,607 22,332 SH   SOLE   3,607 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 481 9,684 SH   SOLE   481 0 0
CME GROUP INC COM COM 12572Q105 214 1,007 SH   SOLE   214 0 0
Capstead Mortg Pfd COM 14067E605 348 13,600 SH   SOLE   348 0 0
CARRIER GLOBAL CORP. COM 14448C104 363 7,481 SH   SOLE   363 0 0
CONOCOPHILLIPS COM 20825C104 898 14,757 SH   SOLE   898 0 0
CORTEVA INC COM COM 22052L104 1,131 25,514 SH   SOLE   1,131 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 2,225 5,625 SH   SOLE   2,225 0 0
DNP SELECT INCOME FUND COM 23325P104 153 14,655 SH   SOLE   153 0 0
DENNYS CORP COM 24869P104 404 24,500 SH   SOLE   404 0 0
DIAMONDBACK ENERGY COM 25278X109 324 3,457 SH   SOLE   324 0 0
DOMINION RESOURCES INC. COM 25746U109 811 11,025 SH   SOLE   811 0 0
DUKE ENERGY CORPORATION COM 26441C105 699 7,083 SH   SOLE   699 0 0
ENBRIDGE INC. COM 29250N105 1,173 29,319 SH   SOLE   1,173 0 0
EXXON MOBIL CORP COM 30231G102 5,445 86,326 SH   SOLE   5,445 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,798 19,751 SH   SOLE   2,798 0 0
GLOBAL PAYMENTS INC. COM 37940X102 431 2,300 SH   SOLE   431 0 0
GREAT PANTHER SILVER COM 39115V101 7 11,500 SH   SOLE   7 0 0
HESS CORPORATION COM 42809H107 759 8,700 SH   SOLE   759 0 0
INGEVITY CORP COM COM 45688C107 1,577 19,390 SH   SOLE   1,577 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 712 6,000 SH   SOLE   712 0 0
KEURIG DR PEPPER INC. COM 49271V100 253 7,200 SH   SOLE   253 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 3,820 24,744 SH   SOLE   3,820 0 0
KNOWLES CORP COM COM 49926D109 424 21,481 SH   SOLE   424 0 0
MACYS INC. COM 55616P104 588 31,050 SH   SOLE   588 0 0
MARATHON PETE CORP COM COM 56585A102 1,210 20,039 SH   SOLE   1,210 0 0
MASTERCARD INC COM 57636Q104 8,381 22,956 SH   SOLE   8,381 0 0
MATSON INC COM COM 57686G105 403 6,300 SH   SOLE   403 0 0
MERCK & CO INC COM 58933Y105 776 9,987 SH   SOLE   776 0 0
METLIFE INC COM 59156R108 1,173 19,600 SH   SOLE   1,173 0 0
MOSAIC CO NEW COM 61945C103 539 16,900 SH   SOLE   539 0 0
NETAPP INC. COM 64110D104 630 7,700 SH   SOLE   630 0 0
NEXTERA ENERGY INC COM 65339F101 512 6,992 SH   SOLE   512 0 0
NUVEEN QUALITY MUNICIPAL COM 67066V101 349 21,835 SH   SOLE   349 0 0
NUTRIEN LTD CO COM COM 67077M108 1,013 16,720 SH   SOLE   1,013 0 0
ONE GAS INC COM COM 68235P108 365 4,933 SH   SOLE   365 0 0
ORGANON & CO. COM 68622V106 495 16,359 SH   SOLE   495 0 0
ORION MARINE GROUP COM 68628V308 86 15,000 SH   SOLE   86 0 0
OTIS WORLDWIDE CORP. COM 68902V107 289 3,540 SH   SOLE   289 0 0
OVINTIV INC. COM 69047Q102 277 8,806 SH   SOLE   277 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 606 2,081 SH   SOLE   606 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 641 8,500 SH   SOLE   641 0 0
RGC RESOURCES INC COM 74955L103 216 8,600 SH   SOLE   216 0 0
RAYTHEON TECHNOLOGIES CO. COM 75513E101 638 7,486 SH   SOLE   638 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 293 14,533 SH   SOLE   293 0 0
SOLITARIO EXPLORATION COM 8342EP107 129 193,000 SH   SOLE   129 0 0
SPIRE COM 84857L101 874 12,100 SH   SOLE   874 0 0
SPROUTS FARMERS MKT COM 85208M102 510 20,550 SH   SOLE   510 0 0
3M COMPANY COM 88579Y101 1,592 8,015 SH   SOLE   1,592 0 0
VALERO ENERGY COM 91913Y100 1,368 17,528 SH   SOLE   1,368 0 0
VALVOLINE INC. COM 92047W101 402 12,400 SH   SOLE   402 0 0
VERIZON COMM COM 92343V104 1,020 18,211 SH   SOLE   1,020 0 0
VIATRIS INC. COM 92556V106 547 38,325 SH   SOLE   547 0 0
WESTROCK CO COM COM 96145D105 2,627 49,374 SH   SOLE   2,627 0 0
YAMANA GOLD INC COM 98462Y100 52 12,500 SH   SOLE   52 0 0
ZIX CORP COM 98974P100 70 10,000 SH   SOLE   70 0 0
ZOETIS INC. COM 98978V103 372 2,000 SH   SOLE   372 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 1,090 7,829 SH   SOLE   1,090 0 0
BUNGE COM G16962105 2,247 28,762 SH   SOLE   2,247 0 0
INGERSOLL-RAND COMPANY COM G47791101 995 20,401 SH   SOLE   995 0 0
LINDE PLC COM COM G5494J103 8,752 30,276 SH   SOLE   8,752 0 0
TRANE TECHNOLOGIES PLC COM G8994E103 4,142 22,498 SH   SOLE   4,142 0 0
PERRIGO CO COM G97822103 259 5,650 SH   SOLE   259 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 349 77,364 SH   SOLE   349 0 0