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 Common 018522300   33,094 541,100 SH   SOLE   541,100 0 0
AMERICAN ELECTRIC POWER Common 025537101   29,751 366,300 SH   SOLE   366,300 0 0
ARCHER DANIELS MIDLAND Common 039483102   36,182 501,000 SH   SOLE   501,000 0 0
ARTHUR J GALLAGHER Common 363576109   70,792 314,800 SH   SOLE   314,800 0 0
AVISTA Common 05379B107   21,355 597,500 SH   SOLE   597,500 0 0
BLACK HILLS Common 092113109   22,335 414,000 SH   SOLE   414,000 0 0
BRISTOL MYERS SQUIBB Common 110122108   31,235 608,750 SH   SOLE   608,750 0 0
CARDINAL HEALTH Common 14149Y108   59,170 587,000 SH   SOLE   587,000 0 0
CATERPILLAR Common 149123101   77,466 262,000 SH   SOLE   262,000 0 0
CHEVRON Common 166764100   72,089 483,300 SH   SOLE   483,300 0 0
CINCINNATI FINANCIAL Common 172062101   40,877 395,100 SH   SOLE   395,100 0 0
CISCO SYSTEMS Common 17275R102   61,058 1,208,600 SH   SOLE   1,208,600 0 0
COCA-COLA Common 191216100   61,423 1,042,300 SH   SOLE   1,042,300 0 0
CUMMINS Common 231021106   52,586 219,500 SH   SOLE   219,500 0 0
DONEGAL GROUP CL A Common 257701201   5,953 425,500 SH   SOLE   425,500 0 0
DOW Common 260557103   35,427 646,000 SH   SOLE   646,000 0 0
DUKE ENERGY Common 26441C204   54,413 560,731 SH   SOLE   560,731 0 0
EASTMAN CHEMICAL Common 277432100   29,326 326,500 SH   SOLE   326,500 0 0
EATON Common G29183103   68,995 286,500 SH   SOLE   286,500 0 0
EMERSON ELECTRIC Common 291011104   49,210 505,600 SH   SOLE   505,600 0 0
EVERGY Common 30034W106   43,339 830,246 SH   SOLE   830,246 0 0
EVERSOURCE ENERGY Common 30040W108   39,759 644,183 SH   SOLE   644,183 0 0
EXXON MOBIL Common 30231G102   72,486 725,000 SH   SOLE   725,000 0 0
GENERAL MILLS Common 370334104   18,467 283,500 SH   SOLE   283,500 0 0
GENUINE PARTS Common 372460105   39,542 285,500 SH   SOLE   285,500 0 0
HUBBELL Common 443510607   79,190 240,750 SH   SOLE   240,750 0 0
ILLINOIS TOOL Common 452308109   62,342 238,000 SH   SOLE   238,000 0 0
INTEL Common 458140100   4,538 90,300 SH   SOLE   90,300 0 0
JOHNSON & JOHNSON Common 478160104   51,567 329,000 SH   SOLE   329,000 0 0
KELLANOVA Common 487836108   30,303 542,000 SH   SOLE   542,000 0 0
KIMBERLY CLARK Common 494368103   46,563 383,200 SH   SOLE   383,200 0 0
LOCKHEED MARTIN Common 539830109   45,687 100,800 SH   SOLE   100,800 0 0
MARATHON PETROLEUM Common 56585A102   50,591 341,000 SH   SOLE   341,000 0 0
MCDONALD'S Common 580135101   70,125 236,500 SH   SOLE   236,500 0 0
MERCK & CO Common 58933Y105   66,486 609,850 SH   SOLE   609,850 0 0
MSC INDUSTRIAL CL A Common 553530106   57,232 565,200 SH   SOLE   565,200 0 0
NORTHERN TRUST Common 665859104   13,543 160,500 SH   SOLE   160,500 0 0
NUCOR Common 670346105   54,335 312,200 SH   SOLE   312,200 0 0
OGE ENERGY Common 670837103   30,127 862,500 SH   SOLE   862,500 0 0
PAYCHEX Common 704326107   51,051 428,600 SH   SOLE   428,600 0 0
PEPSICO Common 713448108   65,694 386,800 SH   SOLE   386,800 0 0
PFIZER Common 717081103   46,487 1,614,700 SH   SOLE   1,614,700 0 0
PHILLIPS 66 Common 718546104   37,359 280,600 SH   SOLE   280,600 0 0
PROCTER & GAMBLE Common 742718109   74,560 508,800 SH   SOLE   508,800 0 0
PUBLIC SERVICE ENTERPRISE GROUP Common 744573106   24,001 392,500 SH   SOLE   392,500 0 0
QUALCOMM Common 747525103   90,640 626,700 SH   SOLE   626,700 0 0
SONOCO PRODUCTS Common 835495102   32,416 580,200 SH   SOLE   580,200 0 0
SOUTHERN Common 842587107   53,712 766,000 SH   SOLE   766,000 0 0
SPIRE Common 84857L101   32,604 523,000 SH   SOLE   523,000 0 0
SYSCO Common 871829107   57,385 784,700 SH   SOLE   784,700 0 0
T ROWE PRICE GROUP Common 74144T108   11,846 110,000 SH   SOLE   110,000 0 0
TEXAS INSTRUMENTS Common 882508104   61,451 360,500 SH   SOLE   360,500 0 0
UNITED PARCEL SERVICE CL B Common 911312106   57,483 365,600 SH   SOLE   365,600 0 0
US BANCORP Common 902973304   20,774 480,000 SH   SOLE   480,000 0 0
VALERO ENERGY Common 91913Y100   36,985 284,500 SH   SOLE   284,500 0 0
WEC ENERGY GROUP Common 92939U106   27,972 332,331 SH   SOLE   332,331 0 0
WW GRAINGER Common 384802104   50,550 61,000 SH   SOLE   61,000 0 0
XCEL ENERGY Common 98389B100   31,921 515,600 SH   SOLE   515,600 0 0