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
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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
AbbVie Inc. COM 00287Y109 5,097 66,900 SH   SOLE   66,900 0 0
Air Products & Chemicals Inc. COM 009158106 6,547 32,800 SH   SOLE   32,800 0 0
Alliant Energy Corp. COM 018802108 5,156 106,778 SH   SOLE   106,778 0 0
Ameren Corp. COM 023608102 5,401 74,165 SH   SOLE   74,165 0 0
American Electric Power Co. COM 025537101 5,407 67,600 SH   SOLE   67,600 0 0
Amgen Inc. COM 031162100 4,784 23,600 SH   SOLE   23,600 0 0
Apple Inc. COM 037833100 3,433 13,500 SH   SOLE   13,500 0 0
AT&T Inc. COM 00206R102 4,606 158,000 SH   SOLE   158,000 0 0
Bank of New York Mellon COM 064058100 2,197 65,243 SH   SOLE   65,243 0 0
Blackrock Inc. COM 09247X101 2,745 6,240 SH   SOLE   6,240 0 0
CenterPoint Energy Inc. COM 15189T107 2,545 164,693 SH   SOLE   164,693 0 0
Chevron Corp. COM 166764100 2,355 32,500 SH   SOLE   32,500 0 0
Cisco Systems Inc. COM 17275R102 5,602 142,500 SH   SOLE   142,500 0 0
Citizens Financial Group COM 174610105 1,663 88,400 SH   SOLE   88,400 0 0
Clorox Co. COM 189054109 866 5,000 SH   SOLE   5,000 0 0
CMS Energy Corp. COM 125896100 2,015 34,300 SH   SOLE   34,300 0 0
Coca Cola Co. COM 191216100 5,354 121,000 SH   SOLE   121,000 0 0
Comcast Corp. COM 20030N101 4,022 117,000 SH   SOLE   117,000 0 0
Corteva Inc. COM 22052L104 721 30,666 SH   SOLE   30,666 0 0
Dominion Energy Inc. COM 25746U109 3,234 44,800 SH   SOLE   44,800 0 0
DTE Energy Co. COM 233331107 4,154 43,740 SH   SOLE   43,740 0 0
Duke Energy Corp. COM 26441C204 3,251 40,200 SH   SOLE   40,200 0 0
Eastman Chemical Co. COM 277432100 1,812 38,900 SH   SOLE   38,900 0 0
Entergy Corp. COM 29364G103 1,504 16,000 SH   SOLE   16,000 0 0
Evergy Inc. COM 30034W106 2,648 48,094 SH   SOLE   48,094 0 0
Eversource Energy COM 30040W108 5,005 64,000 SH   SOLE   64,000 0 0
Exelon Corp. COM 30161N101 3,004 81,600 SH   SOLE   81,600 0 0
Exxon Mobil Corp. COM 30231G102 1,526 40,200 SH   SOLE   40,200 0 0
Fifth Third Bancorp COM 316773100 1,691 113,900 SH   SOLE   113,900 0 0
General Motors Co. COM 37045V100 2,110 101,552 SH   SOLE   101,552 0 0
Genuine Parts Co. COM 372460105 707 10,500 SH   SOLE   10,500 0 0
Hasbro Inc. COM 418056107 2,318 32,400 SH   SOLE   32,400 0 0
Home Depot Inc. COM 437076102 2,241 12,000 SH   SOLE   12,000 0 0
Huntington Bancshares COM 446150104 1,843 224,500 SH   SOLE   224,500 0 0
Huntsman Corp. COM 447011107 1,747 121,100 SH   SOLE   121,100 0 0
Intel Corp. COM 458140100 6,053 111,850 SH   SOLE   111,850 0 0
International Paper Co. COM 460146103 2,151 69,100 SH   SOLE   69,100 0 0
IShares Edge MSCI Min Vol USA ETF 464287200 3,979 15,400 SH   SOLE   0 0 15,400
IShares U.S. Preferred Stock ETF 46429B697 957 17,725 SH   SOLE   0 0 17,725
IShares Ultra Short Term Bond ETF 464288687 877 27,558 SH   SOLE   0 0 27,558
Johnson & Johnson COM 478160104 4,891 37,300 SH   SOLE   37,300 0 0
JP Morgan Chase & Co. COM 46625H100 3,039 33,750 SH   SOLE   33,750 0 0
Kellogg Co. COM 487836108 3,359 56,000 SH   SOLE   56,000 0 0
Kimberly-Clark Corp. COM 494368103 4,475 35,000 SH   SOLE   35,000 0 0
Kohl's Corp. COM 500255104 963 66,000 SH   SOLE   66,000 0 0
Lockheed Martin Corp. COM 539830109 678 2,000 SH   SOLE   2,000 0 0
Marathon Petroleum Corp. COM 56585A102 950 40,200 SH   SOLE   40,200 0 0
McDonald's Corp. COM 580135101 3,406 20,600 SH   SOLE   20,600 0 0
Merck & Co. Inc. COM 58933Y105 5,647 73,400 SH   SOLE   73,400 0 0
Metlife Inc. COM 59156R108 1 10 SH   SOLE   10 0 0
Microchip Technology Inc. COM 595017104 3,993 58,900 SH   SOLE   58,900 0 0
Microsoft Corp. COM 594918104 789 5,000 SH   SOLE   5,000 0 0
New Jersey Resources Corp. COM 646025106 1,542 45,400 SH   SOLE   45,400 0 0
Nextera Energy Inc. COM 65339F101 7,820 32,500 SH   SOLE   32,500 0 0
Nisource Inc. COM 65473P105 2,966 118,795 SH   SOLE   118,795 0 0
Northern Trust Corp. COM 665859104 2,452 32,500 SH   SOLE   32,500 0 0
Nucor Corp. COM 670346105 1,549 43,000 SH   SOLE   43,000 0 0
Nutrien Ltd COM 67077M108 2,206 65,000 SH   SOLE   65,000 0 0
Oneok Inc. COM 682680103 997 45,700 SH   SOLE   45,700 0 0
Paychex Inc. COM 704326107 5,329 84,700 SH   SOLE   84,700 0 0
PepsiCo Inc. COM 713448108 5,405 45,000 SH   SOLE   45,000 0 0
Pfizer Inc. COM 717081103 4,798 147,000 SH   SOLE   147,000 0 0
Phillips 66 COM 718546104 1,797 33,489 SH   SOLE   33,489 0 0
Pinnacle West Capital COM 723484101 4,184 55,200 SH   SOLE   55,200 0 0
Portland General Electric Co. COM 736508847 1,582 33,000 SH   SOLE   33,000 0 0
Proctor & Gamble Co. COM 742718109 4,499 40,900 SH   SOLE   40,900 0 0
Prudential Financial COM 744320102 2,505 48,050 SH   SOLE   48,050 0 0
Public Svc Enterprise Group COM 744573106 4,419 98,400 SH   SOLE   98,400 0 0
Regions Financial Corp. COM 7591EP100 1,829 203,941 SH   SOLE   203,941 0 0
Restaurant Brands Int'l Inc. COM 76131D103 2,205 55,084 SH   SOLE   55,084 0 0
Schwab US Dividend ETF 808524797 10,494 233,300 SH   SOLE   0 0 233,300
South Jersey Industries COM 838518108 675 27,000 SH   SOLE   27,000 0 0
State Street Corp. COM 857477103 2,445 45,900 SH   SOLE   45,900 0 0
Sysco Corp. COM 871829107 2,510 55,000 SH   SOLE   55,000 0 0
Target Corp. COM 87612E106 5,113 55,000 SH   SOLE   55,000 0 0
Truist Financial Corp. COM 89832Q109 3,334 108,100 SH   SOLE   108,100 0 0
United Parcel Service COM 911312106 3,288 35,200 SH   SOLE   35,200 0 0
US Bancorp COM 902973304 2,136 62,000 SH   SOLE   62,000 0 0
Valero Energy Corp. COM 91913Y100 327 7,200 SH   SOLE   7,200 0 0
Vanguard ALLWRLD EX US ETF 922042775 4,180 101,900 SH   SOLE   0 0 101,900
Vanguard FTSE Dev. Market ETF 921943858 51,104 1,532,800 SH   SOLE   0 0 1,532,800
Vanguard High DVD Yield ETF 921946406 25,207 356,282 SH   SOLE   0 0 356,282
Vanguard Total Stock Market Index ETF 922908769 114,760 890,230 SH   SOLE   0 0 890,230
Verizon Comm. Inc. COM 92343V104 5,910 110,000 SH   SOLE   110,000 0 0
Walmart Inc. COM 931142103 5,340 47,000 SH   SOLE   47,000 0 0
Waste Management Inc. COM 94106L109 4,480 48,400 SH   SOLE   48,400 0 0
WEC Energy Group Inc. COM 92939U106 5,649 64,100 SH   SOLE   64,100 0 0
Wells Fargo & Company COM 949746101 2,138 74,500 SH   SOLE   74,500 0 0
Westrock Co. COM 96145D105 1,456 51,535 SH   SOLE   51,535 0 0
Whirlpool Corp. COM 963320106 1,390 16,200 SH   SOLE   16,200 0 0
Williams Companies Inc. COM 969457100 1,557 110,000 SH   SOLE   110,000 0 0
Xcel Energy Inc. COM 98389B100 7,279 120,709 SH   SOLE   120,709 0 0