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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALLETE INC Common 018522300   35,088 545,100 SH   SOLE   545,100 0 0
AMERICAN ELECTRIC POWER CO INC Common 025537101   55,622 611,300 SH   SOLE   611,300 0 0
ARCHER DANIELS MIDLAND CO Common 039483102   40,706 511,000 SH   SOLE   511,000 0 0
AVISTA CORP Common 05379B107   25,364 597,500 SH   SOLE   597,500 0 0
BLACK HILLS CORP Common 092113109   26,123 414,000 SH   SOLE   414,000 0 0
BRISTOL MYERS SQUIBB CO Common 110122108   42,903 619,000 SH   SOLE   619,000 0 0
CARDINAL HEALTH INC Common 14149Y108   63,873 846,000 SH   SOLE   846,000 0 0
CATERPILLAR INC Common 149123101   79,865 349,000 SH   SOLE   349,000 0 0
CHEVRON CORP Common 166764100   87,111 533,900 SH   SOLE   533,900 0 0
CINCINNATI FINANCIAL CORP Common 172062101   44,283 395,100 SH   SOLE   395,100 0 0
CISCO SYSTEMS Common 17275R102   71,439 1,366,600 SH   SOLE   1,366,600 0 0
COCA COLA CO Common 191216100   65,336 1,053,300 SH   SOLE   1,053,300 0 0
CUMMINS INC Common 231021106   52,434 219,500 SH   SOLE   219,500 0 0
DOMINION RESOURCES INC Common 25746U109   39,546 707,314 SH   SOLE   707,314 0 0
DONEGAL GROUP INC Common 257701201   6,502 425,500 SH   SOLE   425,500 0 0
DOW INC Common 260557103   29,932 546,000 SH   SOLE   546,000 0 0
DUKE ENERGY CORP Common 26441C204   54,094 560,731 SH   SOLE   560,731 0 0
EASTMAN CHEMICAL CO Common 277432100   27,874 330,500 SH   SOLE   330,500 0 0
EMERSON ELECTRIC CO Common 291011104   64,022 734,700 SH   SOLE   734,700 0 0
EVERGY INC Common 30034W106   33,305 544,911 SH   SOLE   544,911 0 0
EXXON MOBIL CORP Common 30231G102   87,673 799,500 SH   SOLE   799,500 0 0
GALLAGHER ARTHUR J Common 363576109   63,917 334,100 SH   SOLE   334,100 0 0
GENERAL MILLS INC Common 370334104   24,399 285,500 SH   SOLE   285,500 0 0
GENUINE PARTS CO Common 372460105   48,169 287,900 SH   SOLE   287,900 0 0
GRAINGER WW INC Common 384802104   79,213 115,000 SH   SOLE   115,000 0 0
HUBBELL INC Common 443510607   65,937 271,000 SH   SOLE   271,000 0 0
ILLINOIS TOOL WORKS Common 452308109   58,550 240,500 SH   SOLE   240,500 0 0
INTEL CORP Common 458140100   46,950 1,437,100 SH   SOLE   1,437,100 0 0
JOHNSON & JOHNSON Common 478160104   50,995 329,000 SH   SOLE   329,000 0 0
KELLOGG CO Common 487836108   36,292 542,000 SH   SOLE   542,000 0 0
KIMBERLY CLARK CORP Common 494368103   54,896 409,000 SH   SOLE   409,000 0 0
LEGGETT & PLATT INC Common 524660107   43,207 1,355,300 SH   SOLE   1,355,300 0 0
LOCKHEED MARTIN Common 539830109   47,651 100,800 SH   SOLE   100,800 0 0
MDU RESOURCES GROUP INC Common 552690109   44,044 1,445,000 SH   SOLE   1,445,000 0 0
MSC INDUSTRIAL DIRECT CO Common 553530106   51,761 616,200 SH   SOLE   616,200 0 0
MARATHON PETROLEUM GROUP Common 56585A102   75,370 559,000 SH   SOLE   559,000 0 0
MCDONALDS CORP Common 580135101   67,050 239,800 SH   SOLE   239,800 0 0
MERCK & CO INC Common 58933Y105   81,186 763,100 SH   SOLE   763,100 0 0
NORTHERN TRUST CORP Common 665859104   14,762 167,500 SH   SOLE   167,500 0 0
NORTHWEST NATURAL HOLDING CO Common 66765N105   17,502 368,000 SH   SOLE   368,000 0 0
NUCOR CORP Common 670346105   69,589 450,500 SH   SOLE   450,500 0 0
OGE ENERGY CORP Common 670837103   32,482 862,500 SH   SOLE   862,500 0 0
PAYCHEX INC Common 704326107   49,113 428,600 SH   SOLE   428,600 0 0
PEPSICO INC Common 713448108   74,779 410,200 SH   SOLE   410,200 0 0
PFIZER INC Common 717081103   58,128 1,424,700 SH   SOLE   1,424,700 0 0
PHILLIPS 66 Common 718546104   56,560 557,900 SH   SOLE   557,900 0 0
PROCTER & GAMBLE CO Common 742718109   77,527 521,400 SH   SOLE   521,400 0 0
PUBLIC SERVICE ENTERPRISE GRP INC Common 744573106   53,239 852,500 SH   SOLE   852,500 0 0
QUALCOMM INC Common 747525103   80,975 634,700 SH   SOLE   634,700 0 0
SONOCO PRODUCTS Common 835495102   35,392 580,200 SH   SOLE   580,200 0 0
SOUTHERN COMPANY Common 842587107   64,918 933,000 SH   SOLE   933,000 0 0
SPIRE INC Common 84857L101   36,683 523,000 SH   SOLE   523,000 0 0
SYSCO CORP Common 871829107   61,143 791,700 SH   SOLE   791,700 0 0
TEXAS INSTRUMENTS INC Common 882508104   67,057 360,500 SH   SOLE   360,500 0 0
US BANCORP Common 902973304   17,304 480,000 SH   SOLE   480,000 0 0
UNITED PARCEL SERVICES INC Common 911312106   72,436 373,400 SH   SOLE   373,400 0 0
VALERO ENERGY CORP Common 91913Y100   39,716 284,500 SH   SOLE   284,500 0 0
VERIZON COMMUNICATIONS INC Common 92343V104   54,310 1,396,500 SH   SOLE   1,396,500 0 0
WEC ENERGY GROUP INC Common 92939U106   31,502 332,331 SH   SOLE   332,331 0 0
XCEL ENERGY CORP Common 98389B100   35,804 530,900 SH   SOLE   530,900 0 0
EATON CORP Common G29183103   53,064 309,700 SH   SOLE   309,700 0 0