# EDGAR Filing Document

**Accession Number:** 0001416856
**File Stem:** 0001416856-23-000001
**Filing Date:** 2023-1
**Character Count:** 23722
**Document Hash:** 895179868f2d85df1004d88ab6be8e7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001416856-23-000001.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001416856-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**EFFECTIVENESS DATE**: 20230117

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fruth Investment Management
- **CENTRAL INDEX KEY:** 0001416856
- **IRS NUMBER:** 760358087

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12688
- **FILM NUMBER:** 23531128

**BUSINESS ADDRESS:**
- **STREET 1:** 820 GESSNER, SUITE 1640
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024
- **BUSINESS PHONE:** 713-464-2283

**MAIL ADDRESS:**
- **STREET 1:** 820 GESSNER, SUITE 1640
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77024

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Fruth Investment Management<br>**Address:** 820 GESSNER SUITE 1640<br>HOUSTON, TX 77024

**Form 13F File Number:** 028-12688

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Richard J Fruth<br>**Title:** President  CEO<br>**Phone:** 713-464-2283

**Signature, Place, and Date of Signing:**

Richard J Fruth  Houston, TX  01-17-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 225

**Form 13F Information Table Value Total:** $341381

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| GRAINGER WW INC | COM | 384802104 |  | 10978 | 19737 | SH |  | SOLE |  | 10978 | 0 | 0 |
| LINDE PLC COM | COM | G5494J103 |  | 9450 | 28972 | SH |  | SOLE |  | 9450 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 9315 | 84457 | SH |  | SOLE |  | 9315 | 0 | 0 |
| CHEVRONTEXACO CORP | COM | 166764100 |  | 8349 | 46520 | SH |  | SOLE |  | 8349 | 0 | 0 |
| TRACTOR SUPPLY COMPANY | COM | 892356106 |  | 8331 | 37032 | SH |  | SOLE |  | 8331 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 8050 | 81154 | SH |  | SOLE |  | 8050 | 0 | 0 |
| MASTERCARD INC | COM | 57636Q104 |  | 7460 | 21456 | SH |  | SOLE |  | 7460 | 0 | 0 |
| HERSHEY FOODS CORP | COM | 427866108 |  | 7212 | 31147 | SH |  | SOLE |  | 7212 | 0 | 0 |
| AIR PRODUCTS  CHEMICALS | COM | 009158106 |  | 6701 | 21740 | SH |  | SOLE |  | 6701 | 0 | 0 |
| AGILENT TECHNOLOGIES | COM | 00846U101 |  | 6633 | 44324 | SH |  | SOLE |  | 6633 | 0 | 0 |
| AUTO DATA PROCESSING | COM | 053015103 |  | 6598 | 27627 | SH |  | SOLE |  | 6598 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 5579 | 13013 | SH |  | SOLE |  | 5579 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5444 | 22704 | SH |  | SOLE |  | 5444 | 0 | 0 |
| PEPSICO INCORPORATED | COM | 713448108 |  | 5263 | 29135 | SH |  | SOLE |  | 5263 | 0 | 0 |
| TEXAS INSTRUMENTS INC | COM | 882508104 |  | 4774 | 28899 | SH |  | SOLE |  | 4774 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 4640 | 35718 | SH |  | SOLE |  | 4640 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4497 | 25461 | SH |  | SOLE |  | 4497 | 0 | 0 |
| OLIN CORP NEW | COM | 680665205 |  | 4161 | 78610 | SH |  | SOLE |  | 4161 | 0 | 0 |
| KEYSIGHT TECHNOLOGIES INC COM | COM | 49338L103 |  | 4147 | 24244 | SH |  | SOLE |  | 4147 | 0 | 0 |
| EMERSON ELECTRIC | COM | 291011104 |  | 4111 | 42798 | SH |  | SOLE |  | 4111 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | COM | G8994E103 |  | 3710 | 22073 | SH |  | SOLE |  | 3710 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 3605 | 32841 | SH |  | SOLE |  | 3605 | 0 | 0 |
| UNION PACIFIC CORP | COM | 907818108 |  | 3523 | 17016 | SH |  | SOLE |  | 3523 | 0 | 0 |
| MC CORMICK  CO NEW VT | COM | 579780206 |  | 3452 | 41655 | SH |  | SOLE |  | 3452 | 0 | 0 |
| SYSCO CORP. | COM | 871829107 |  | 3357 | 43919 | SH |  | SOLE |  | 3357 | 0 | 0 |
| LAUDER ESTEE CORP CL A | COM | 518439104 |  | 3255 | 13122 | SH |  | SOLE |  | 3255 | 0 | 0 |
| BROWN FORMAN CORP CL B | COM | 115637209 |  | 3232 | 49215 | SH |  | SOLE |  | 3232 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 2988 | 22012 | SH |  | SOLE |  | 2988 | 0 | 0 |
| EATON CORPORATION | COM | 278058102 |  | 2883 | 18371 | SH |  | SOLE |  | 2883 | 0 | 0 |
| BUNGE | COM | G16962105 |  | 2822 | 28287 | SH |  | SOLE |  | 2822 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 2821 | 8933 | SH |  | SOLE |  | 2821 | 0 | 0 |
| APPLIED INDL. TECH. | COM | 03820C105 |  | 2731 | 21670 | SH |  | SOLE |  | 2731 | 0 | 0 |
| MURPHY OIL CORP | COM | 626717102 |  | 2710 | 63020 | SH |  | SOLE |  | 2710 | 0 | 0 |
| ADVANSIX INC COM | COM | 00773T101 |  | 2597 | 68326 | SH |  | SOLE |  | 2597 | 0 | 0 |
| DOW CHEMICAL | COM | 260557103 |  | 2517 | 49951 | SH |  | SOLE |  | 2517 | 0 | 0 |
| SONOCO PRODUCTS INC | COM | 835495102 |  | 2480 | 40850 | SH |  | SOLE |  | 2480 | 0 | 0 |
| MIDDLEBY CORP THE | COM | 596278101 |  | 2470 | 18450 | SH |  | SOLE |  | 2470 | 0 | 0 |
| COSTCO WHOLSALE CORP NEW | COM | 22160K105 |  | 2465 | 5400 | SH |  | SOLE |  | 2465 | 0 | 0 |
| MARATHON PETE CORP COM | COM | 56585A102 |  | 2446 | 21019 | SH |  | SOLE |  | 2446 | 0 | 0 |
| CHESAPEAKE UTIL CORP | COM | 165303108 |  | 2425 | 20522 | SH |  | SOLE |  | 2425 | 0 | 0 |
| CINTAS CORP | COM | 172908105 |  | 2382 | 5276 | SH |  | SOLE |  | 2382 | 0 | 0 |
| INTL FLAVOR  FRAGRANCES | COM | 459506101 |  | 2381 | 22714 | SH |  | SOLE |  | 2381 | 0 | 0 |
| DARDEN RESTURANTS INC | COM | 237194105 |  | 2379 | 17200 | SH |  | SOLE |  | 2379 | 0 | 0 |
| CASEYS GENERAL STORES INC | COM | 147528103 |  | 2362 | 10532 | SH |  | SOLE |  | 2362 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 2358 | 21261 | SH |  | SOLE |  | 2358 | 0 | 0 |
| STERIS PLC | COM | 859152100 |  | 2336 | 12650 | SH |  | SOLE |  | 2336 | 0 | 0 |
| GENERAL MILLS INC | COM | 370334104 |  | 2293 | 27357 | SH |  | SOLE |  | 2293 | 0 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 2259 | 9168 | SH |  | SOLE |  | 2259 | 0 | 0 |
| HONEYWELL INC. | COM | 438516106 |  | 2227 | 10394 | SH |  | SOLE |  | 2227 | 0 | 0 |
| VALERO ENERGY | COM | 91913Y100 |  | 2193 | 17288 | SH |  | SOLE |  | 2193 | 0 | 0 |
| MURPHY USA INC. | COM | 626755102 |  | 2192 | 7843 | SH |  | SOLE |  | 2192 | 0 | 0 |
| DISNEY WALT HOLDING CO | COM | 254687106 |  | 2154 | 24802 | SH |  | SOLE |  | 2154 | 0 | 0 |
| ALBANY INT'L CORP. | COM | 012348108 |  | 2139 | 21700 | SH |  | SOLE |  | 2139 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 2132 | 13000 | SH |  | SOLE |  | 2132 | 0 | 0 |
| BROADRIDGE FINANCIAL | COM | 11133T103 |  | 2113 | 15760 | SH |  | SOLE |  | 2113 | 0 | 0 |
| COCA-COLA COMPANY | COM | 191216100 |  | 2088 | 32827 | SH |  | SOLE |  | 2088 | 0 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 2050 | 10290 | SH |  | SOLE |  | 2050 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 2026 | 6965 | SH |  | SOLE |  | 2026 | 0 | 0 |
| APPLIED MATERIALS INC | COM | 038222105 |  | 2023 | 20775 | SH |  | SOLE |  | 2023 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1950 | 8143 | SH |  | SOLE |  | 1950 | 0 | 0 |
| SCHLUMBERGER LTD       F | COM | 806857108 |  | 1946 | 36412 | SH |  | SOLE |  | 1946 | 0 | 0 |
| MINE SAFTEY APPLIANCE CO | COM | 553498106 |  | 1880 | 13040 | SH |  | SOLE |  | 1880 | 0 | 0 |
| GORMAN-RUPP CO COM | COM | 383082104 |  | 1794 | 70049 | SH |  | SOLE |  | 1794 | 0 | 0 |
| ABBVIE INC COM | COM | 00287Y109 |  | 1762 | 10904 | SH |  | SOLE |  | 1762 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 1740 | 14752 | SH |  | SOLE |  | 1740 | 0 | 0 |
| AMERICAN EXPRESS CO. | COM | 025816109 |  | 1736 | 11750 | SH |  | SOLE |  | 1736 | 0 | 0 |
| WESTROCK CO COM | COM | 96145D105 |  | 1692 | 48132 | SH |  | SOLE |  | 1692 | 0 | 0 |
| TIMKEN COMPANY | COM | 887389104 |  | 1632 | 23100 | SH |  | SOLE |  | 1632 | 0 | 0 |
| CHUBB CORPORATION | COM | 171232101 |  | 1622 | 7353 | SH |  | SOLE |  | 1622 | 0 | 0 |
| MARATHON OIL CO. | COM | 565849106 |  | 1600 | 59125 | SH |  | SOLE |  | 1600 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 1590 | 24722 | SH |  | SOLE |  | 1590 | 0 | 0 |
| CORTEVA INC COM | COM | 22052L104 |  | 1562 | 26575 | SH |  | SOLE |  | 1562 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 1487 | 29023 | SH |  | SOLE |  | 1487 | 0 | 0 |
| NEWMONT GOLDCORP | COM | 651639106 |  | 1467 | 31099 | SH |  | SOLE |  | 1467 | 0 | 0 |
| FRANKLIN ELEC CO INC | COM | 353514102 |  | 1467 | 18400 | SH |  | SOLE |  | 1467 | 0 | 0 |
| ONEOK INC | COM | 682680103 |  | 1408 | 21445 | SH |  | SOLE |  | 1408 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 1393 | 19250 | SH |  | SOLE |  | 1393 | 0 | 0 |
| PHILLIPS 66 COM | COM | 718546104 |  | 1388 | 13345 | SH |  | SOLE |  | 1388 | 0 | 0 |
| INGEVITY CORP COM | COM | 45688C107 |  | 1320 | 18746 | SH |  | SOLE |  | 1320 | 0 | 0 |
| DU PONT E I DE NEMOUR | COM | 263534109 |  | 1312 | 19129 | SH |  | SOLE |  | 1312 | 0 | 0 |
| THE CHARLES SCHWAB CORP | COM | 808513105 |  | 1292 | 15529 | SH |  | SOLE |  | 1292 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 1283 | 30875 | SH |  | SOLE |  | 1283 | 0 | 0 |
| ATMOS ENERGY CORP | COM | 049560105 |  | 1274 | 11376 | SH |  | SOLE |  | 1274 | 0 | 0 |
| CELANESE CORP. | COM | 150870103 |  | 1262 | 12350 | SH |  | SOLE |  | 1262 | 0 | 0 |
| FIDELITY NATL INFO SVCS | COM | 31620M106 |  | 1243 | 18331 | SH |  | SOLE |  | 1243 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 1222 | 5000 | SH |  | SOLE |  | 1222 | 0 | 0 |
| CANADIAN PAC LTD NEW | COM | 13645T100 |  | 1196 | 16047 | SH |  | SOLE |  | 1196 | 0 | 0 |
| HESS CORPORATION | COM | 42809H107 |  | 1191 | 8400 | SH |  | SOLE |  | 1191 | 0 | 0 |
| NUTRIEN LTD CO COM | COM | 67077M108 |  | 1188 | 16270 | SH |  | SOLE |  | 1188 | 0 | 0 |
| BRISTOL MYERS SQUIBB CO | COM | 110122108 |  | 1186 | 16484 | SH |  | SOLE |  | 1186 | 0 | 0 |
| ENBRIDGE INC. | COM | 29250N105 |  | 1136 | 29058 | SH |  | SOLE |  | 1136 | 0 | 0 |
| O-I GLASS INC. | COM | 690768403 |  | 1111 | 67050 | SH |  | SOLE |  | 1111 | 0 | 0 |
| DOVER CORPORATION | COM | 260003108 |  | 1081 | 7988 | SH |  | SOLE |  | 1081 | 0 | 0 |
| CLEVELAND-CLIFFS INC. | COM | 185899101 |  | 1033 | 64125 | SH |  | SOLE |  | 1033 | 0 | 0 |
| INGERSOLL-RAND COMPANY | COM | G47791101 |  | 1021 | 19551 | SH |  | SOLE |  | 1021 | 0 | 0 |
| ORGANON  CO. | COM | 68622V106 |  | 1017 | 36440 | SH |  | SOLE |  | 1017 | 0 | 0 |
| NORTHERN TRUST CORP | COM | 665859104 |  | 1013 | 11450 | SH |  | SOLE |  | 1013 | 0 | 0 |
| TIMKENSTEEL CORP COM | COM | 887399103 |  | 1001 | 55100 | SH |  | SOLE |  | 1001 | 0 | 0 |
| GENUINE PARTS CO COM | COM | 372460105 |  | 982 | 5660 | SH |  | SOLE |  | 982 | 0 | 0 |
| 3M COMPANY | COM | 88579Y101 |  | 960 | 8010 | SH |  | SOLE |  | 960 | 0 | 0 |
| PENSKE AUTOMOTIVE GROUP | COM | 70959W103 |  | 919 | 8000 | SH |  | SOLE |  | 919 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 917 | 29600 | SH |  | SOLE |  | 917 | 0 | 0 |
| MARKEL CORP. | COM | 570535104 |  | 902 | 685 | SH |  | SOLE |  | 902 | 0 | 0 |
| COMMERCIAL METALS CO | COM | 201723103 |  | 879 | 18200 | SH |  | SOLE |  | 879 | 0 | 0 |
| FRANCO NEVADA CORP. | COM | 351858105 |  | 876 | 6425 | SH |  | SOLE |  | 876 | 0 | 0 |
| COMERICA INC. | COM | 200340107 |  | 868 | 12990 | SH |  | SOLE |  | 868 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 840 | 8600 | SH |  | SOLE |  | 840 | 0 | 0 |
| MOSAIC CO NEW | COM | 61945C103 |  | 831 | 18950 | SH |  | SOLE |  | 831 | 0 | 0 |
| US STEEL CORP. | COM | 912909108 |  | 823 | 32875 | SH |  | SOLE |  | 823 | 0 | 0 |
| LILLY ELI  COMPANY | COM | 532457108 |  | 823 | 2250 | SH |  | SOLE |  | 823 | 0 | 0 |
| SPIRE | COM | 84857L101 |  | 809 | 11750 | SH |  | SOLE |  | 809 | 0 | 0 |
| ALLEGION PUBLIC LTD. CO. | COM | G0176J109 |  | 801 | 7618 | SH |  | SOLE |  | 801 | 0 | 0 |
| SHERWIN WILLIAMS CO | COM | 824348106 |  | 783 | 3300 | SH |  | SOLE |  | 783 | 0 | 0 |
| GOODYEAR TIRE  RUBBER | COM | 382550101 |  | 759 | 74867 | SH |  | SOLE |  | 759 | 0 | 0 |
| ALLEGHENY TECH INC | COM | 01741R102 |  | 758 | 25400 | SH |  | SOLE |  | 758 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CO. | COM | 75513E101 |  | 748 | 7420 | SH |  | SOLE |  | 748 | 0 | 0 |
| BRIGHTHOUSE FINL INC COM | COM | 10922N103 |  | 748 | 14600 | SH |  | SOLE |  | 748 | 0 | 0 |
| SCHWAB US TIPS ETF | COM | 808524870 |  | 725 | 14000 | SH |  | SOLE |  | 725 | 0 | 0 |
| VERIZON COMM | COM | 92343V104 |  | 705 | 17911 | SH |  | SOLE |  | 705 | 0 | 0 |
| CORNING INC. | COM | 219350105 |  | 693 | 21700 | SH |  | SOLE |  | 693 | 0 | 0 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 685 | 10889 | SH |  | SOLE |  | 685 | 0 | 0 |
| COTERRA ENERGY INC. | COM | 127097103 |  | 676 | 27514 | SH |  | SOLE |  | 676 | 0 | 0 |
| HELMERICH  PAYNE INC | COM | 423452101 |  | 675 | 13625 | SH |  | SOLE |  | 675 | 0 | 0 |
| DUKE ENERGY CORPORATION | COM | 26441C105 |  | 667 | 6485 | SH |  | SOLE |  | 667 | 0 | 0 |
| PERMIAN BASIN ROYALTY TR | COM | 714236106 |  | 639 | 25400 | SH |  | SOLE |  | 639 | 0 | 0 |
| MACYS INC. | COM | 55616P104 |  | 630 | 30550 | SH |  | SOLE |  | 630 | 0 | 0 |
| AMERICAN STATES WATER CO | COM | 029899101 |  | 629 | 6800 | SH |  | SOLE |  | 629 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE | COM | 45866F104 |  | 615 | 6000 | SH |  | SOLE |  | 615 | 0 | 0 |
| DOMINION RESOURCES INC. | COM | 25746U109 |  | 599 | 9775 | SH |  | SOLE |  | 599 | 0 | 0 |
| ARTESIAN RES CORP CLA | COM | 043113208 |  | 574 | 9813 | SH |  | SOLE |  | 574 | 0 | 0 |
| BANK OF NEW YORK CO INC | COM | 064058100 |  | 573 | 12600 | SH |  | SOLE |  | 573 | 0 | 0 |
| EASTMAN CHEMICAL | COM | 277432100 |  | 570 | 7000 | SH |  | SOLE |  | 570 | 0 | 0 |
| SPROUTS FARMERS MKT | COM | 85208M102 |  | 569 | 17600 | SH |  | SOLE |  | 569 | 0 | 0 |
| KINDER MORGAN INC | COM | 49456B101 |  | 567 | 31368 | SH |  | SOLE |  | 567 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 559 | 6692 | SH |  | SOLE |  | 559 | 0 | 0 |
| SHELL PLC. | COM | 780259305 |  | 545 | 9573 | SH |  | SOLE |  | 545 | 0 | 0 |
| PACCAR INC | COM | 693718108 |  | 544 | 5500 | SH |  | SOLE |  | 544 | 0 | 0 |
| MATIV HLDGS. INC. | COM | 808541106 |  | 544 | 26043 | SH |  | SOLE |  | 544 | 0 | 0 |
| OLD REPUBLIC INTL CORP | COM | 680223104 |  | 512 | 21233 | SH |  | SOLE |  | 512 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 493 | 1880 | SH |  | SOLE |  | 493 | 0 | 0 |
| AEROJET ROCKETDYNE HLDGS INC C OM | COM | 007800105 |  | 486 | 8700 | SH |  | SOLE |  | 486 | 0 | 0 |
| STANLEY BLACK  DECKER INC. | COM | 854502101 |  | 484 | 6445 | SH |  | SOLE |  | 484 | 0 | 0 |
| ASTRAZENECA PLC ADR | COM | 046353108 |  | 477 | 7046 | SH |  | SOLE |  | 477 | 0 | 0 |
| DIAMONDBACK ENERGY | COM | 25278X109 |  | 472 | 3457 | SH |  | SOLE |  | 472 | 0 | 0 |
| VIATRIS INC. | COM | 92556V106 |  | 468 | 42070 | SH |  | SOLE |  | 468 | 0 | 0 |
| NETAPP INC. | COM | 64110D104 |  | 462 | 7700 | SH |  | SOLE |  | 462 | 0 | 0 |
| HF SINCLAIR CORP. | COM | 403949100 |  | 456 | 8800 | SH |  | SOLE |  | 456 | 0 | 0 |
| ALAMOS GOLD INC. | COM | 011532108 |  | 454 | 45000 | SH |  | SOLE |  | 454 | 0 | 0 |
| OVINTIV INC. | COM | 69047Q102 |  | 441 | 8700 | SH |  | SOLE |  | 441 | 0 | 0 |
| IMPERIAL OIL LTD | COM | 453038408 |  | 438 | 9000 | SH |  | SOLE |  | 438 | 0 | 0 |
| NO EUROPEAN OIL TR | COM | 659310106 |  | 433 | 34700 | SH |  | SOLE |  | 433 | 0 | 0 |
| TRANSDIGM GROUP INC. | COM | 893641100 |  | 431 | 685 | SH |  | SOLE |  | 431 | 0 | 0 |
| BP PLC | COM | 055622104 |  | 425 | 12192 | SH |  | SOLE |  | 425 | 0 | 0 |
| MATSON INC COM | COM | 57686G105 |  | 425 | 6800 | SH |  | SOLE |  | 425 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 406 | 36042 | SH |  | SOLE |  | 406 | 0 | 0 |
| VALVOLINE INC. | COM | 92047W101 |  | 404 | 12400 | SH |  | SOLE |  | 404 | 0 | 0 |
| CHEMOURS COMPANY | COM | 163851108 |  | 398 | 13018 | SH |  | SOLE |  | 398 | 0 | 0 |
| AVERY DENNISON CORP | COM | 053611109 |  | 398 | 2200 | SH |  | SOLE |  | 398 | 0 | 0 |
| INTL BUSINESS MACHINES | COM | 459200101 |  | 397 | 2822 | SH |  | SOLE |  | 397 | 0 | 0 |
| DISCOVER FINL SVCS COM | COM | 254709108 |  | 391 | 4000 | SH |  | SOLE |  | 391 | 0 | 0 |
| CULLEN FROST BANKERS | COM | 229899109 |  | 387 | 2900 | SH |  | SOLE |  | 387 | 0 | 0 |
| CHURCHILL DOWNS INC KY | COM | 171484108 |  | 380 | 1800 | SH |  | SOLE |  | 380 | 0 | 0 |
| TRANSOCEAN SEDCO FOREX | COM | H8817H100 |  | 379 | 83234 | SH |  | SOLE |  | 379 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 374 | 8400 | SH |  | SOLE |  | 374 | 0 | 0 |
| CALERES INC. | COM | 129500104 |  | 367 | 16500 | SH |  | SOLE |  | 367 | 0 | 0 |
| Prosperity Bancshare | COM | 743606105 |  | 361 | 4973 | SH |  | SOLE |  | 361 | 0 | 0 |
| ONE GAS INC COM | COM | 68235P108 |  | 356 | 4708 | SH |  | SOLE |  | 356 | 0 | 0 |
| ANGLOGOLD LTD | COM | 035128206 |  | 353 | 18188 | SH |  | SOLE |  | 353 | 0 | 0 |
| HALLIBURTON COMPANY | COM | 406216101 |  | 349 | 8870 | SH |  | SOLE |  | 349 | 0 | 0 |
| FLUOR CORPORATION | COM | 343412102 |  | 346 | 10000 | SH |  | SOLE |  | 346 | 0 | 0 |
| AMER ELECTRIC PWR CO INC | COM | 025537101 |  | 346 | 3645 | SH |  | SOLE |  | 346 | 0 | 0 |
| ASHLAND INC | COM | 044186104 |  | 344 | 3200 | SH |  | SOLE |  | 344 | 0 | 0 |
| AGNICO-EAGLE MINES LTD | COM | 008474108 |  | 334 | 6425 | SH |  | SOLE |  | 334 | 0 | 0 |
| REGIONS FINANCIAL CP NEW | COM | 7591EP100 |  | 328 | 15230 | SH |  | SOLE |  | 328 | 0 | 0 |
| KNOWLES CORP COM | COM | 49926D109 |  | 324 | 19744 | SH |  | SOLE |  | 324 | 0 | 0 |
| PIONEER NATURAL RES CO | COM | 723787107 |  | 319 | 1400 | SH |  | SOLE |  | 319 | 0 | 0 |
| BARRICK GOLD | COM | 067901108 |  | 316 | 18400 | SH |  | SOLE |  | 316 | 0 | 0 |
| CARRIER GLOBAL CORP. | COM | 14448C104 |  | 308 | 7481 | SH |  | SOLE |  | 308 | 0 | 0 |
| ZIONS BANCORPORATION COM | COM | 989701107 |  | 299 | 6100 | SH |  | SOLE |  | 299 | 0 | 0 |
| APACHE CORP | COM | 03743Q108 |  | 294 | 6300 | SH |  | SOLE |  | 294 | 0 | 0 |
| ZOETIS INC. | COM | 98978V103 |  | 293 | 2000 | SH |  | SOLE |  | 293 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 289 | 1140 | SH |  | SOLE |  | 289 | 0 | 0 |
| INTEL | COM | 458140100 |  | 288 | 10918 | SH |  | SOLE |  | 288 | 0 | 0 |
| FORD MOTOR COMPANY | COM | 345370860 |  | 286 | 24650 | SH |  | SOLE |  | 286 | 0 | 0 |
| PNC BANK CORP | COM | 693475105 |  | 285 | 1810 | SH |  | SOLE |  | 285 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 285 | 16366 | SH |  | SOLE |  | 285 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 284 | 2466 | SH |  | SOLE |  | 284 | 0 | 0 |
| OTIS WORLDWIDE CORP. | COM | 68902V107 |  | 284 | 3628 | SH |  | SOLE |  | 284 | 0 | 0 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 281 | 6818 | SH |  | SOLE |  | 281 | 0 | 0 |
| EXPEDITORS INTL WASH | COM | 302130109 |  | 280 | 2700 | SH |  | SOLE |  | 280 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 279 | 9500 | SH |  | SOLE |  | 279 | 0 | 0 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 276 | 19618 | SH |  | SOLE |  | 276 | 0 | 0 |
| PARK NATIONAL CORP | COM | 700658107 |  | 253 | 1800 | SH |  | SOLE |  | 253 | 0 | 0 |
| O REILLY AUTOMOTIVE INC | COM | 67103H107 |  | 253 | 300 | SH |  | SOLE |  | 253 | 0 | 0 |
| DEVON ENERGY CP NEW | COM | 25179M103 |  | 249 | 4050 | SH |  | SOLE |  | 249 | 0 | 0 |
| US BANCORP DEL | COM | 902973304 |  | 239 | 5500 | SH |  | SOLE |  | 239 | 0 | 0 |
| NUVEEN QUALITY MUNICIPAL | COM | 67066V101 |  | 239 | 20308 | SH |  | SOLE |  | 239 | 0 | 0 |
| KELLOGG COMPANY | COM | 487836108 |  | 235 | 3310 | SH |  | SOLE |  | 235 | 0 | 0 |
| TEX PAC LAND SUB CTF | COM | 88262P102 |  | 234 | 100 | SH |  | SOLE |  | 234 | 0 | 0 |
| PREFORMED LINE PRODS INC | COM | 740444104 |  | 233 | 2800 | SH |  | SOLE |  | 233 | 0 | 0 |
| GLOBAL PAYMENTS INC. | COM | 37940X102 |  | 228 | 2300 | SH |  | SOLE |  | 228 | 0 | 0 |
| KEURIG DR PEPPER INC. | COM | 49271V100 |  | 228 | 6400 | SH |  | SOLE |  | 228 | 0 | 0 |
| DENNYS CORP | COM | 24869P104 |  | 225 | 24500 | SH |  | SOLE |  | 225 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 223 | 6463 | SH |  | SOLE |  | 223 | 0 | 0 |
| XEROX CORP | COM | 984121103 |  | 218 | 14958 | SH |  | SOLE |  | 218 | 0 | 0 |
| BADGER METER INC | COM | 056525108 |  | 218 | 2000 | SH |  | SOLE |  | 218 | 0 | 0 |
| COLGATE-PALMOLIVE CO | COM | 194162103 |  | 212 | 2700 | SH |  | SOLE |  | 212 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 211 | 6456 | SH |  | SOLE |  | 211 | 0 | 0 |
| SJW CORP | COM | 784305104 |  | 211 | 2600 | SH |  | SOLE |  | 211 | 0 | 0 |
| MUELLER WATER PRODUCTS | COM | 624758108 |  | 209 | 19500 | SH |  | SOLE |  | 209 | 0 | 0 |
| BAKER HUGHES CO. | COM | 05722G100 |  | 206 | 7000 | SH |  | SOLE |  | 206 | 0 | 0 |
| KINROSS GOLD CORP NEW | COM | 496902404 |  | 168 | 41100 | SH |  | SOLE |  | 168 | 0 | 0 |
| DNP SELECT INCOME FUND | COM | 23325P104 |  | 164 | 14655 | SH |  | SOLE |  | 164 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 155 | 24500 | SH |  | SOLE |  | 155 | 0 | 0 |
| SOLITARIO EXPLORATION | COM | 8342EP107 |  | 116 | 188000 | SH |  | SOLE |  | 116 | 0 | 0 |
| INTEVAC INC | COM | 461148108 |  | 108 | 16700 | SH |  | SOLE |  | 108 | 0 | 0 |
| ORANGE | COM | 684060106 |  | 98 | 10000 | SH |  | SOLE |  | 98 | 0 | 0 |
| CHICOS FAS INC | COM | 168615102 |  | 70 | 14400 | SH |  | SOLE |  | 70 | 0 | 0 |
| ACCO BRANDS CORP COM | COM | 00081T108 |  | 64 | 11500 | SH |  | SOLE |  | 64 | 0 | 0 |
| SOUTHWESTERN ENERGY CO | COM | 845467109 |  | 62 | 10700 | SH |  | SOLE |  | 62 | 0 | 0 |
| FARMER BROS. CO. | COM | 307675108 |  | 58 | 12750 | SH |  | SOLE |  | 58 | 0 | 0 |
| YAMANA GOLD INC | COM | 98462Y100 |  | 58 | 10500 | SH |  | SOLE |  | 58 | 0 | 0 |
| AEGON N V ORD AMER REG | COM | 007924103 |  | 50 | 10000 | SH |  | SOLE |  | 50 | 0 | 0 |
| IAMGOLD CORPORATION | COM | 450913108 |  | 50 | 19500 | SH |  | SOLE |  | 50 | 0 | 0 |
| ORION MARINE GROUP | COM | 68628V308 |  | 35 | 15000 | SH |  | SOLE |  | 35 | 0 | 0 |

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