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
GRAINGER WW INC COM 384802104 10,337 19,947 SH   SOLE   10,337 0 0
LINDE PLC COM COM G5494J103 10,320 29,792 SH   SOLE   10,320 0 0
STARBUCKS CORP COM 855244109 9,880 84,474 SH   SOLE   9,880 0 0
TRACTOR SUPPLY COMPANY COM 892356106 9,070 38,016 SH   SOLE   9,070 0 0
MASTERCARD INC COM 57636Q104 8,077 22,481 SH   SOLE   8,077 0 0
MICROSOFT CORP COM 594918104 7,669 22,804 SH   SOLE   7,669 0 0
AGILENT TECHNOLOGIES COM 00846U101 7,211 45,169 SH   SOLE   7,211 0 0
AUTO DATA PROCESSING COM 053015103 6,971 28,274 SH   SOLE   6,971 0 0
AIR PRODUCTS & CHEMICALS COM 009158106 6,680 21,955 SH   SOLE   6,680 0 0
APPLE, INC COM 037833100 6,504 36,628 SH   SOLE   6,504 0 0
HERSHEY FOODS CORP COM 427866108 6,169 31,889 SH   SOLE   6,169 0 0
TEXAS INSTRUMENTS INC COM 882508104 5,552 29,459 SH   SOLE   5,552 0 0
CHEVRONTEXACO CORP COM 166764100 5,513 46,984 SH   SOLE   5,513 0 0
EXXON MOBIL CORP COM 30231G102 5,285 86,386 SH   SOLE   5,285 0 0
PEPSICO INCORPORATED COM 713448108 5,122 29,490 SH   SOLE   5,122 0 0
KEYSIGHT TECHNOLOGIES INC COM COM 49338L103 5,108 24,739 SH   SOLE   5,108 0 0
LAUDER ESTEE CORP CL A COM 518439104 4,911 13,267 SH   SOLE   4,911 0 0
ABBOTT LABORATORIES COM 002824100 4,742 33,696 SH   SOLE   4,742 0 0
OLIN CORP NEW COM 680665205 4,563 79,335 SH   SOLE   4,563 0 0
TRANE TECHNOLOGIES PLC COM G8994E103 4,520 22,373 SH   SOLE   4,520 0 0
DEERE & CO COM 244199105 4,496 13,113 SH   SOLE   4,496 0 0
JOHNSON & JOHNSON COM 478160104 4,445 25,986 SH   SOLE   4,445 0 0
UNION PACIFIC CORP COM 907818108 4,378 17,381 SH   SOLE   4,378 0 0
EMERSON ELECTRIC COM 291011104 4,050 43,573 SH   SOLE   4,050 0 0
MC CORMICK & CO NEW VT COM 579780206 4,033 41,755 SH   SOLE   4,033 0 0
BROADRIDGE FINANCIAL COM 11133T103 3,941 21,562 SH   SOLE   3,941 0 0
ABBVIE INC COM COM 00287Y109 3,871 28,592 SH   SOLE   3,871 0 0
DISNEY WALT HOLDING CO COM 254687106 3,860 24,924 SH   SOLE   3,860 0 0
HOME DEPOT INC COM 437076102 3,717 8,958 SH   SOLE   3,717 0 0
BROWN FORMAN CORP CL B COM 115637209 3,653 50,144 SH   SOLE   3,653 0 0
MIDDLEBY CORP THE COM 596278101 3,630 18,450 SH   SOLE   3,630 0 0
SYSCO CORP. COM 871829107 3,481 44,319 SH   SOLE   3,481 0 0
INTL FLAVOR & FRAGRANCES COM 459506101 3,459 22,964 SH   SOLE   3,459 0 0
APPLIED MATERIALS INC COM 038222105 3,277 20,825 SH   SOLE   3,277 0 0
ADVANSIX INC COM COM 00773T101 3,264 69,085 SH   SOLE   3,264 0 0
EATON CORPORATION COM 278058102 3,175 18,376 SH   SOLE   3,175 0 0
KIMBERLY-CLARK CORP COM 494368103 3,169 22,174 SH   SOLE   3,169 0 0
COSTCO WHOLSALE CORP NEW COM 22160K105 3,133 5,520 SH   SOLE   3,133 0 0
STERIS PLC COM 859152100 3,103 12,750 SH   SOLE   3,103 0 0
GORMAN-RUPP CO COM COM 383082104 3,030 68,024 SH   SOLE   3,030 0 0
CHESAPEAKE UTIL CORP COM 165303108 3,014 20,677 SH   SOLE   3,014 0 0
DOW CHEMICAL COM 260557103 2,804 49,451 SH   SOLE   2,804 0 0
NORFOLK SOUTHERN CORP COM 655844108 2,729 9,168 SH   SOLE   2,729 0 0
DARDEN RESTURANTS INC COM 237194105 2,660 17,660 SH   SOLE   2,660 0 0
LOWES COMPANIES INC COM 548661107 2,659 10,290 SH   SOLE   2,659 0 0
BUNGE COM G16962105 2,657 28,462 SH   SOLE   2,657 0 0
CINTAS CORP COM 172908105 2,592 5,851 SH   SOLE   2,592 0 0
SONOCO PRODUCTS INC COM 835495102 2,399 41,450 SH   SOLE   2,399 0 0
ANALOG DEVICES INC COM 032654105 2,285 13,000 SH   SOLE   2,285 0 0
APPLIED INDL. TECH. COM 03820C105 2,226 21,680 SH   SOLE   2,226 0 0
PARKER-HANNIFIN CORP COM 701094104 2,215 6,965 SH   SOLE   2,215 0 0
WESTROCK CO COM COM 96145D105 2,163 48,761 SH   SOLE   2,163 0 0
HONEYWELL INC. COM 438516106 2,157 10,347 SH   SOLE   2,157 0 0
CASEYS GENERAL STORES INC COM 147528103 2,086 10,574 SH   SOLE   2,086 0 0
CELANESE CORP. COM 150870103 2,075 12,350 SH   SOLE   2,075 0 0
MINE SAFTEY APPLIANCE CO COM 553498106 2,074 13,740 SH   SOLE   2,074 0 0
FIDELITY NATL INFO SVCS COM 31620M106 2,061 18,885 SH   SOLE   2,061 0 0
COCA-COLA COMPANY COM 191216100 1,958 33,077 SH   SOLE   1,958 0 0
AMERICAN EXPRESS CO. COM 025816109 1,957 11,965 SH   SOLE   1,957 0 0
ALBANY INT'L CORP. COM 012348108 1,954 22,100 SH   SOLE   1,954 0 0
GENERAL MILLS INC COM 370334104 1,853 27,507 SH   SOLE   1,853 0 0
NEWMONT GOLDCORP COM 651639106 1,829 29,499 SH   SOLE   1,829 0 0
FRANKLIN ELEC CO INC COM 353514102 1,739 18,400 SH   SOLE   1,739 0 0
PFIZER INC COM 717081103 1,730 29,313 SH   SOLE   1,730 0 0
CATERPILLAR INC COM 149123101 1,683 8,143 SH   SOLE   1,683 0 0
MURPHY OIL CORP COM 626717102 1,679 64,320 SH   SOLE   1,679 0 0
TIMKEN COMPANY COM 887389104 1,628 23,500 SH   SOLE   1,628 0 0
MURPHY USA INC. COM 626755102 1,602 8,043 SH   SOLE   1,602 0 0
GOODYEAR TIRE & RUBBER COM 382550101 1,600 75,067 SH   SOLE   1,600 0 0
DU PONT E I DE NEMOUR&CO COM 263534109 1,547 19,161 SH   SOLE   1,547 0 0
NORTHERN TRUST CORP COM 665859104 1,489 12,450 SH   SOLE   1,489 0 0
DOVER CORPORATION COM 260003108 1,477 8,138 SH   SOLE   1,477 0 0
KIRBY CORP COM 497266106 1,468 24,722 SH   SOLE   1,468 0 0
CHUBB CORPORATION COM 171232101 1,429 7,396 SH   SOLE   1,429 0 0
3M COMPANY COM 88579Y101 1,413 7,955 SH   SOLE   1,413 0 0
STRYKER CORP COM 863667101 1,377 5,150 SH   SOLE   1,377 0 0
INGEVITY CORP COM COM 45688C107 1,375 19,179 SH   SOLE   1,375 0 0
VALERO ENERGY COM 91913Y100 1,315 17,513 SH   SOLE   1,315 0 0
THE CHARLES SCHWAB CORP COM 808513105 1,297 15,429 SH   SOLE   1,297 0 0
ONEOK, INC COM 682680103 1,283 21,845 SH   SOLE   1,283 0 0
MARATHON PETE CORP COM COM 56585A102 1,275 19,939 SH   SOLE   1,275 0 0
NUTRIEN LTD CO COM COM 67077M108 1,249 16,620 SH   SOLE   1,249 0 0
INGERSOLL-RAND COMPANY COM G47791101 1,233 19,935 SH   SOLE   1,233 0 0
ATMOS ENERGY CORP COM 049560105 1,220 11,651 SH   SOLE   1,220 0 0
STANLEY BLACK & DECKER INC. COM 854502101 1,220 6,470 SH   SOLE   1,220 0 0
METLIFE INC COM 59156R108 1,215 19,450 SH   SOLE   1,215 0 0
CORTEVA INC COM COM 22052L104 1,204 25,481 SH   SOLE   1,204 0 0
CANADIAN PAC LTD NEW COM 13645T100 1,203 16,726 SH   SOLE   1,203 0 0
AVNET INC COM 053807103 1,195 29,000 SH   SOLE   1,195 0 0
CLEVELAND-CLIFFS, INC. COM 185899101 1,178 54,125 SH   SOLE   1,178 0 0
SHERWIN WILLIAMS CO COM 824348106 1,162 3,300 SH   SOLE   1,162 0 0
ENBRIDGE INC. COM 29250N105 1,143 29,269 SH   SOLE   1,143 0 0
COMERICA INC. COM 200340107 1,138 13,090 SH   SOLE   1,138 0 0
ORGANON & CO. COM 68622V106 1,130 37,140 SH   SOLE   1,130 0 0
CSX CORP COM 126408103 1,116 29,700 SH   SOLE   1,116 0 0
SCHLUMBERGER LTD F COM 806857108 1,114 37,212 SH   SOLE   1,114 0 0
CONOCOPHILLIPS COM 20825C104 1,065 14,757 SH   SOLE   1,065 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 1,046 16,784 SH   SOLE   1,046 0 0
ALLEGION PUBLIC LTD. CO. COM G0176J109 1,026 7,753 SH   SOLE   1,026 0 0
MARATHON OIL CO. COM 565849106 970 59,125 SH   SOLE   970 0 0
VERIZON COMM COM 92343V104 930 17,911 SH   SOLE   930 0 0
FRANCO NEVADA CORP. COM 351858105 909 6,575 SH   SOLE   909 0 0
TIMKENSTEEL CORP COM COM 887399103 909 55,100 SH   SOLE   909 0 0
PHILLIPS 66 COM COM 718546104 901 12,445 SH   SOLE   901 0 0
SCHWAB US TIPS ETF COM 808524870 899 14,300 SH   SOLE   899 0 0
PENSKE AUTOMOTIVE GROUP COM 70959W103 895 8,350 SH   SOLE   895 0 0
EASTMAN CHEMICAL COM 277432100 870 7,200 SH   SOLE   870 0 0
NEENAH PAPER INC COM 640079109 865 18,693 SH   SOLE   865 0 0
MARKEL CORP. COM 570535104 845 685 SH   SOLE   845 0 0
CORNING INC. COM 219350105 845 22,700 SH   SOLE   845 0 0
BRIGHTHOUSE FINL INC COM COM 10922N103 839 16,200 SH   SOLE   839 0 0
INTERCONTINENTAL EXCHANGE COM 45866F104 820 6,000 SH   SOLE   820 0 0
MACYS INC. COM 55616P104 812 31,050 SH   SOLE   812 0 0
DOMINION RESOURCES INC. COM 25746U109 807 10,275 SH   SOLE   807 0 0
O-I GLASS, INC. COM 690768403 801 66,600 SH   SOLE   801 0 0
U S X-US STEEL GROUP COM 912909108 794 33,375 SH   SOLE   794 0 0
GENUINE PARTS CO COM COM 372460105 793 5,660 SH   SOLE   793 0 0
SPIRE COM 84857L101 782 12,000 SH   SOLE   782 0 0
MERCK & CO INC COM 58933Y105 759 9,911 SH   SOLE   759 0 0
BANK OF NEW YORK CO INC COM 064058100 737 12,700 SH   SOLE   737 0 0
NETAPP INC. COM 64110D104 708 7,700 SH   SOLE   708 0 0
AMERICAN STATES WATER CO COM 029899101 703 6,800 SH   SOLE   703 0 0
DUKE ENERGY CORPORATION COM 26441C105 680 6,484 SH   SOLE   680 0 0
MOSAIC CO NEW COM 61945C103 664 16,900 SH   SOLE   664 0 0
COMMERCIAL METALS CO COM 201723103 660 18,200 SH   SOLE   660 0 0
GAP INC COM 364760108 657 37,242 SH   SOLE   657 0 0
RAYTHEON TECHNOLOGIES CO. COM 75513E101 638 7,420 SH   SOLE   638 0 0
NEXTERA ENERGY INC COM 65339F101 624 6,692 SH   SOLE   624 0 0
HESS CORPORATION COM 42809H107 621 8,400 SH   SOLE   621 0 0
MATSON INC COM COM 57686G105 612 6,800 SH   SOLE   612 0 0
LILLY ELI & COMPANY COM 532457108 608 2,203 SH   SOLE   608 0 0
INTEL COM 458140100 591 11,478 SH   SOLE   591 0 0
SPROUTS FARMERS MKT COM 85208M102 589 19,850 SH   SOLE   589 0 0
VIATRIS INC. COM 92556V106 537 39,700 SH   SOLE   537 0 0
STEEL DYNAMICS INC COM 858119100 533 8,600 SH   SOLE   533 0 0
OLD REPUBLIC INTL CORP COM 680223104 521 21,233 SH   SOLE   521 0 0
FORD MOTOR COMPANY COM 345370860 511 24,650 SH   SOLE   511 0 0
KNOWLES CORP COM COM 49926D109 492 21,081 SH   SOLE   492 0 0
KINDER MORGAN INC COM 49456B101 491 30,968 SH   SOLE   491 0 0
ZOETIS INC. COM 98978V103 488 2,000 SH   SOLE   488 0 0
PACCAR INC COM 693718108 485 5,500 SH   SOLE   485 0 0
AVERY DENNISON CORP COM 053611109 476 2,200 SH   SOLE   476 0 0
COTERRA ENERGY INC. COM 127097103 469 24,714 SH   SOLE   469 0 0
ARTESIAN RES CORP CLA COM 043113208 466 10,063 SH   SOLE   466 0 0
VALVOLINE INC. COM 92047W101 462 12,400 SH   SOLE   462 0 0
DISCOVER FINL SVCS COM COM 254709108 462 4,000 SH   SOLE   462 0 0
KROGER CO COM 501044101 439 9,700 SH   SOLE   439 0 0
TRANSDIGM GROUP INC. COM 893641100 435 685 SH   SOLE   435 0 0
CHEMOURS COMPANY COM 163851108 435 12,968 SH   SOLE   435 0 0
CHURCHILL DOWNS INC KY COM 171484108 433 1,800 SH   SOLE   433 0 0
AMGEN INC COM 031162100 426 1,895 SH   SOLE   426 0 0
ASTRAZENECA PLC ADR COM 046353108 416 7,146 SH   SOLE   416 0 0
AEROJET ROCKETDYNE HLDGS INC C OM COM 007800105 406 8,700 SH   SOLE   406 0 0
ALLEGHENY TECH INC COM 01741R102 406 25,500 SH   SOLE   406 0 0
CARRIER GLOBAL CORP. COM 14448C104 405 7,481 SH   SOLE   405 0 0
CALAVO GROWERS INC COM 128246105 402 9,500 SH   SOLE   402 0 0
INTL BUSINESS MACHINES COM 459200101 397 2,972 SH   SOLE   397 0 0
PAYPAL HOLDINGS INC. COM 70450Y103 392 2,081 SH   SOLE   392 0 0
DENNYS CORP COM 24869P104 392 24,500 SH   SOLE   392 0 0
ANGLOGOLD LTD COM 035128206 385 18,388 SH   SOLE   385 0 0
ZIONS BANCORPORATION COM COM 989701107 385 6,100 SH   SOLE   385 0 0
ONE GAS INC COM COM 68235P108 382 4,933 SH   SOLE   382 0 0
CDK GLOBAL HOLDINGS LLC COM COM 12508E101 379 9,094 SH   SOLE   379 0 0
KEYCORP COM 493267108 378 16,366 SH   SOLE   378 0 0
CALERES INC. COM 129500104 374 16,500 SH   SOLE   374 0 0
DIAMONDBACK ENERGY COM 25278X109 372 3,457 SH   SOLE   372 0 0
FERRO CORP COM 315405100 367 16,826 SH   SOLE   367 0 0
CULLEN FROST BANKERS COM 229899109 365 2,900 SH   SOLE   365 0 0
ALAMOS GOLD INC. COM 011532108 365 47,500 SH   SOLE   365 0 0
PNC BANK CORP COM 693475105 362 1,810 SH   SOLE   362 0 0
EXPEDITORS INTL WASH COM 302130109 362 2,700 SH   SOLE   362 0 0
XEROX CORP COM 984121103 353 15,608 SH   SOLE   353 0 0
BARRICK GOLD COM 067901108 349 18,400 SH   SOLE   349 0 0
NO EUROPEAN OIL TR COM 659310106 348 34,800 SH   SOLE   348 0 0
ASHLAND INC COM 044186104 344 3,200 SH   SOLE   344 0 0
PAYCHEX INC COM 704326107 337 2,471 SH   SOLE   337 0 0
AGNICO-EAGLE MINES LTD COM 008474108 336 6,325 SH   SOLE   336 0 0
NUVEEN QUALITY MUNICIPAL COM 67066V101 335 20,835 SH   SOLE   335 0 0
REGIONS FINANCIAL CP NEW COM 7591EP100 334 15,333 SH   SOLE   334 0 0
AMER ELECTRIC PWR CO INC COM 025537101 333 3,745 SH   SOLE   333 0 0
WELLS FARGO & CO NEW COM 949746101 327 6,818 SH   SOLE   327 0 0
HELMERICH & PAYNE INC COM 423452101 325 13,750 SH   SOLE   325 0 0
IMPERIAL OIL LTD COM 453038408 324 9,000 SH   SOLE   324 0 0
BP PLC COM 055622104 324 12,192 SH   SOLE   324 0 0
INTERNATIONAL PAPER CO COM 460146103 322 6,863 SH   SOLE   322 0 0
OCCIDENTAL PETE CORP COM 674599105 316 10,929 SH   SOLE   316 0 0
GLOBAL PAYMENTS INC. COM 37940X102 310 2,300 SH   SOLE   310 0 0
US BANCORP DEL COM 902973304 308 5,500 SH   SOLE   308 0 0
OTIS WORLDWIDE CORP. COM 68902V107 308 3,540 SH   SOLE   308 0 0
HUNTINGTON BANCSHARES INC COM 446150104 302 19,618 SH   SOLE   302 0 0
KIMCO REALTY CORP COM 49446R109 297 12,082 SH   SOLE   297 0 0
OVINTIV INC. COM 69047Q102 293 8,700 SH   SOLE   293 0 0
HOLLYFRONTIER CORP COM COM 435758305 288 8,800 SH   SOLE   288 0 0
BECTON DICKINSON & CO COM 075887109 286 1,140 SH   SOLE   286 0 0
FIFTH THIRD BANCORP COM 316773100 284 6,531 SH   SOLE   284 0 0
MUELLER WATER PRODUCTS COM 624758108 280 19,500 SH   SOLE   280 0 0
ILLINOIS TOOL WORKS COM 452308109 271 1,100 SH   SOLE   271 0 0
KEURIG DR PEPPER INC. COM 49271V100 263 7,150 SH   SOLE   263 0 0
CARMAX INC COM 143130102 260 2,000 SH   SOLE   260 0 0
PERMIAN BASIN ROYALTY TR COM 714236106 256 25,400 SH   SOLE   256 0 0
PIONEER NATURAL RES CO COM 723787107 254 1,400 SH   SOLE   254 0 0
FLUOR CORPORATION COM 343412102 247 10,000 SH   SOLE   247 0 0
PARK NATIONAL CORP COM 700658107 247 1,800 SH   SOLE   247 0 0
ST JOE COMPANY COM 790148100 238 4,588 SH   SOLE   238 0 0
KINROSS GOLD CORP NEW COM 496902404 238 41,100 SH   SOLE   238 0 0
COLGATE-PALMOLIVE CO COM 194162103 230 2,700 SH   SOLE   230 0 0
CME GROUP INC COM COM 12572Q105 230 1,007 SH   SOLE   230 0 0
TRANSOCEAN SEDCO FOREX COM H8817H100 220 79,854 SH   SOLE   220 0 0
NIKE INC CLASS B COM 654106103 216 1,300 SH   SOLE   216 0 0
RALPH LAUREN CORP. COM 751212101 213 1,800 SH   SOLE   213 0 0
ALCOA CORP. COM 013872106 213 3,589 SH   SOLE   213 0 0
KELLOGG COMPANY COM 487836108 213 3,310 SH   SOLE   213 0 0
BADGER METER INC COM 056525108 213 2,000 SH   SOLE   213 0 0
ROYAL DUTCH SHELL B ADR COM 780259107 212 4,900 SH   SOLE   212 0 0
PERRIGO CO COM G97822103 212 5,450 SH   SOLE   212 0 0
O REILLY AUTOMOTIVE INC COM 67103H107 211 300 SH   SOLE   211 0 0
NASDAQ STOCK MARKET INC COM 631103108 210 1,000 SH   SOLE   210 0 0
QUAKER CHEMICAL CORP COM 747316107 207 900 SH   SOLE   207 0 0
EBAY INC COM 278642103 204 3,081 SH   SOLE   204 0 0
CERNER CORP. COM 156782104 204 2,200 SH   SOLE   204 0 0
CRANE COMPANY COM 224399105 203 2,000 SH   SOLE   203 0 0
HALLIBURTON COMPANY COM 406216101 202 8,870 SH   SOLE   202 0 0
ALEXANDER & BALDWIN INC COM 014491104 202 8,082 SH   SOLE   202 0 0
MOODYS CORP COM 615369105 201 516 SH   SOLE   201 0 0
DNP SELECT INCOME FUND COM 23325P104 159 14,655 SH   SOLE   159 0 0
ORANGE COM 684060106 105 10,000 SH   SOLE   105 0 0
FARMER BROS. CO. COM 307675108 96 13,000 SH   SOLE   96 0 0
SOLITARIO EXPLORATION COM 8342EP107 96 193,000 SH   SOLE   96 0 0
ACCO BRANDS CORP COM COM 00081T108 94 11,500 SH   SOLE   94 0 0
KOSMOS ENERGY LTD COM 500688106 84 24,500 SH   SOLE   84 0 0
INTEVAC INC COM 461148108 78 16,700 SH   SOLE   78 0 0
CHICOS FAS INC COM 168615102 77 14,400 SH   SOLE   77 0 0
IAMGOLD CORPORATION COM 450913108 61 19,500 SH   SOLE   61 0 0
ORION MARINE GROUP COM 68628V308 56 15,000 SH   SOLE   56 0 0
YAMANA GOLD INC COM 98462Y100 52 12,500 SH   SOLE   52 0 0
SOUTHWESTERN ENERGY CO COM 845467109 49 10,700 SH   SOLE   49 0 0
AEGON N V ORD AMER REG COM 007924103 49 10,000 SH   SOLE   49 0 0
GREAT PANTHER SILVER COM 39115V101 3 15,000 SH   SOLE   3 0 0