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
Expires: July 31, 2015
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN ELECTRIC POWER Common 025537101 50,239 367,100 SH SOLE 367,100 0 0
ARTHUR J GALLAGHER Common 363576109 43,802 190,800 SH SOLE 190,800 0 0
AVISTA Common 05379B107 24,453 597,500 SH SOLE 597,500 0 0
BLACK HILLS Common 092113109 30,963 416,000 SH SOLE 416,000 0 0
BRISTOL MYERS SQUIBB Common 110122108 35,779 620,450 SH SOLE 620,450 0 0
BROWN FORMAN CL B Common 115637209 29,539 1,103,400 SH SOLE 1,103,400 0 0
CARDINAL HEALTH Common 14149Y108 42,017 177,000 SH SOLE 177,000 0 0
CATERPILLAR Common 149123101 90,621 85,500 SH SOLE 85,500 0 0
CHEVRON Common 166764100 66,480 400,700 SH SOLE 400,700 0 0
CINCINNATI FINANCIAL Common 172062101 68,309 368,900 SH SOLE 368,900 0 0
CISCO SYSTEMS Common 17275R102 75,022 638,700 SH SOLE 638,700 0 0
COCA-COLA Common 191216100 80,662 991,300 SH SOLE 991,300 0 0
CONSTELLATION BRANDS CL A Common 21036P108 26,930 193,500 SH SOLE 193,500 0 0
CUMMINS Common 231021106 85,050 119,250 SH SOLE 119,250 0 0
DONEGAL GROUP CL A Common 257701201 8,025 425,500 SH SOLE 425,500 0 0
DUKE ENERGY Common 26441C204 48,508 383,196 SH SOLE 383,196 0 0
EASTMAN CHEMICAL Common 277432100 25,953 387,500 SH SOLE 387,500 0 0
EATON Common G29183103 85,886 201,650 SH SOLE 201,650 0 0
EMERSON ELECTRIC Common 291011104 71,428 499,100 SH SOLE 499,100 0 0
EVERGY Common 30034W106 54,258 627,561 SH SOLE 627,561 0 0
EVERSOURCE ENERGY Common 30040W108 50,903 703,933 SH SOLE 703,933 0 0
EXXON MOBIL Common 30231G102 68,304 499,800 SH SOLE 499,800 0 0
FIRSTENERGY Common 337932107 30,074 631,500 SH SOLE 631,500 0 0
GENUINE PARTS Common 372460105 34,438 292,100 SH SOLE 292,100 0 0
HOME DEPOT Common 437076102 11,638 33,000 SH SOLE 33,000 0 0
HUBBELL Common 443510607 59,822 114,500 SH SOLE 114,500 0 0
ILLINOIS TOOL Common 452308109 29,307 108,500 SH SOLE 108,500 0 0
JOHNSON & JOHNSON Common 478160104 78,010 307,000 SH SOLE 307,000 0 0
KIMBERLY CLARK Common 494368103 42,536 387,500 SH SOLE 387,500 0 0
LOCKHEED MARTIN Common 539830109 23,843 46,800 SH SOLE 46,800 0 0
MCCORMICK Common 579780206 31,924 632,400 SH SOLE 632,400 0 0
MCDONALD'S Common 580135101 52,996 196,150 SH SOLE 196,150 0 0
MERCK & CO Common 58933Y105 90,678 705,600 SH SOLE 705,600 0 0
MONDELEZ INTERNATIONAL CL A Common 609207105 24,012 414,100 SH SOLE 414,100 0 0
MSC INDUSTRIAL CL A Common 553530106 49,032 412,400 SH SOLE 412,400 0 0
OGE ENERGY Common 670837103 42,005 862,500 SH SOLE 862,500 0 0
PAYCHEX Common 704326107 41,649 423,100 SH SOLE 423,100 0 0
PEPSICO Common 713448108 62,428 460,250 SH SOLE 460,250 0 0
PFIZER Common 717081103 47,321 1,963,700 SH SOLE 1,963,700 0 0
PHILLIPS 66 Common 718546104 28,820 170,100 SH SOLE 170,100 0 0
PORTLAND GENERAL ELECTRIC Common 736508847 36,338 700,600 SH SOLE 700,600 0 0
PROCTER & GAMBLE Common 742718109 73,651 501,800 SH SOLE 501,800 0 0
PUBLIC SERVICE ENTERPRISE GROUP Common 744573106 31,922 392,500 SH SOLE 392,500 0 0
QUALCOMM Common 747525103 67,556 364,700 SH SOLE 364,700 0 0
SOUTHERN Common 842587107 68,142 711,900 SH SOLE 711,900 0 0
SPIRE Common 84857L101 33,888 433,500 SH SOLE 433,500 0 0
SYSCO Common 871829107 51,248 613,200 SH SOLE 613,200 0 0
TEXAS INSTRUMENTS Common 882508104 70,242 236,120 SH SOLE 236,120 0 0
UNITED PARCEL SERVICE CL B Common 911312106 44,237 411,400 SH SOLE 411,400 0 0
US BANCORP Common 902973304 28,956 479,400 SH SOLE 479,400 0 0
VALERO ENERGY Common 91913Y100 50,213 192,800 SH SOLE 192,800 0 0
WEC ENERGY GROUP Common 92939U106 55,729 477,179 SH SOLE 477,179 0 0
WW GRAINGER Common 384802104 60,538 44,500 SH SOLE 44,500 0 0
XCEL ENERGY Common 98389B100 51,539 641,400 SH SOLE 641,400 0 0