Shares
Market
Value
COMMON
STOCKS
—
98.4%
Agriculture
—
1.0%
3,136
Corteva
Inc.
..............................................
$
180,853
Automotive
—
1.2%
1,800
PACCAR
Inc.
............................................
223,002
Business
Services
—
3.8%
4,000
Fidelity
National
Information
Services
Inc.
.
296,720
1,500
Visa
Inc.,
Cl. A
..........................................
418,620
715,340
Cable
and
Satellite
—
3.2%
550
Netflix
Inc.†
..............................................
334,032
8,000
Paramount
Global,
Cl. B
............................
94,160
19,000
Warner
Bros
Discovery
Inc.†
....................
165,870
594,062
Computer
Software
and
Services
—
10.8%
5,100
Alphabet
Inc.,
Cl. C†
.................................
776,526
2,000
Apple
Inc.
................................................
342,960
11,500
Hewlett
Packard
Enterprise
Co.
.................
203,895
1,000
Microsoft
Corp.
........................................
420,720
1,000
Rockwell
Automation
Inc.
.........................
291,330
2,035,431
Consumer
Products
—
1.0%
5,000
Edgewell
Personal
Care
Co.
......................
193,200
Diversified
Industrial
—
8.7%
6,000
Carrier
Global
Corp.
..................................
348,780
5,000
GXO
Logistics
Inc.†
..................................
268,800
2,700
Honeywell
International
Inc.
......................
554,175
3,300
Textron
Inc.
..............................................
316,569
3,500
United
States
Steel
Corp.
..........................
142,730
1,631,054
Electronics
—
1.5%
3,200
Sony
Group
Corp.,
ADR
............................
274,368
Energy
—
6.0%
1,600
Chevron
Corp.
..........................................
252,384
8,000
Halliburton
Co.
.........................................
315,360
6,500
PPL
Corp.
................................................
178,945
7,000
Schlumberger
NV
.....................................
383,670
1,130,359
Entertainment
—
1.1%
1,400
Take-Two
Interactive
Software
Inc.†
..........
207,886
Environmental
Services
—
2.5%
2,400
Republic
Services
Inc.
..............................
459,456
Financial
Services
—
19.4%
3,800
American
Express
Co.
...............................
865,222
4,000
American
International
Group
Inc.
.............
312,680
7,000
Bank
of
America
Corp.
..............................
265,440
9,000
Citigroup
Inc.
...........................................
569,160
Shares
Market
Value
3,000
JPMorgan
Chase
&
Co.
.............................
$
600,900
3,000
Morgan
Stanley
........................................
282,480
2,500
The
PNC
Financial
Services
Group
Inc.
......
404,000
6,000
Wells
Fargo
&
Co.
....................................
347,760
3,647,642
Food
and
Beverage
—
10.9%
1,000
Diageo
plc,
ADR
.......................................
148,740
6,000
Keurig
Dr
Pepper
Inc.
...............................
184,020
5,000
Molson
Coors
Beverage
Co.,
Cl. B
.............
336,250
11,000
Mondelēz
International
Inc.,
Cl. A
..............
770,000
8,000
Nomad
Foods
Ltd.
....................................
156,480
6,000
The
Hain
Celestial
Group
Inc.†
..................
47,160
1,500
The
J.M.
Smucker
Co.
..............................
188,805
6,000
The
Kraft
Heinz
Co.
...................................
221,400
2,052,855
Health
Care
—
13.1%
4,000
Bristol-Myers
Squibb
Co.
..........................
216,920
5,700
CVS
Health
Corp.
......................................
454,632
2,000
Henry
Schein
Inc.†
...................................
151,040
6,000
Merck
&
Co.
Inc.
......................................
791,700
4,000
Patterson
Cos.
Inc.
...................................
110,600
13,500
Perrigo
Co.
plc
.........................................
434,565
2,300
Zimmer
Biomet
Holdings
Inc.
...................
303,554
2,463,011
Hotels
and
Gaming
—
0.8%
3,000
MGM
Resorts
International
†
.....................
141,630
Machinery
—
1.4%
3,000
The
Timken
Co.
........................................
262,290
Metals
and
Mining
—
1.5%
8,000
Newmont
Corp.
........................................
286,720
Paper
Products
—
1.1%
5,500
International
Paper
Co.
.............................
214,610
Retail
—
2.1%
7,000
The
Kroger
Co.
.........................................
399,910
Semiconductors
—
1.3%
1,000
NXP
Semiconductors
NV
..........................
247,770
Specialty
Chemicals
—
2.5%
6,200
DuPont
de
Nemours
Inc.
..........................
475,354
Telecommunications
—
3.5%
4,000
T-Mobile
US
Inc.
......................................
652,880
TOTAL
COMMON
STOCKS
..................
18,489,683
