OPUS INVESTMENT MANAGEMENT INC Activity Q4 1999-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$28,131,793	-4.2%	132,441	-0.6%	17.32%	+64.2%
ITOT	Sell	ISHARES TRcore s&p ttl stk	$22,971,057	-16.5%	243,880	-13.2%	14.14%	+43.1%
PSX	Sell	PHILLIPS 66	$5,550,930	-17.0%	46,200	-34.1%	3.42%	+42.2%
VEU	Sell	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$5,331,199	-21.7%	102,780	-17.9%	3.28%	+34.1%
PEG	Sell	PUBLIC SVC ENTERPRISE GRP IN	$4,581,255	-25.6%	80,500	-18.2%	2.82%	+27.4%
USMV	Sell	ISHARES TRmsci usa min vol	$4,351,775	-6.3%	60,124	-3.8%	2.68%	+60.5%
EXC	Sell	EXELON CORP	$2,116,240	-36.3%	56,000	-31.4%	1.30%	+9.1%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$1,736,521	+15.1%	24,541	+18.1%	1.07%	+97.2%
CMS	Sell	CMS ENERGY CORP	$1,062,200	-74.8%	20,000	-72.1%	0.65%	-56.9%
CVX	Sell	CHEVRON CORP NEW	$843,100	-84.4%	5,000	-85.5%	0.52%	-73.3%
LMT	Sell	LOCKHEED MARTIN CORP	$817,920	-49.2%	2,000	-42.9%	0.50%	-13.1%
WMB	Sell	WILLIAMS COS INC	$336,900	-94.3%	10,000	-94.5%	0.21%	-90.3%
OKE	Exit	ONEOK INC NEW	$0	–	-6,000	–	-0.13%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-6,000	–	-0.15%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-7,200	–	-0.19%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-9,000	–	-0.27%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-15,300	–	-0.42%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-39,100	–	-0.45%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-14,900	–	-0.52%	–
D	Exit	DOMINION ENERGY INC	$0	–	-28,800	–	-0.54%	–
C	Exit	CITIGROUP INC	$0	–	-37,500	–	-0.62%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-66,200	–	-0.64%	–
MS	Exit	MORGAN STANLEY	$0	–	-21,000	–	-0.64%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-50,500	–	-0.81%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-60,400	–	-0.84%	–
USB	Exit	US BANCORP DEL	$0	–	-72,400	–	-0.86%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-25,200	–	-0.86%	–
KEY	Exit	KEYCORP	$0	–	-269,050	–	-0.89%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-95,200	–	-0.90%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-101,000	–	-0.95%	–
PFE	Exit	PFIZER INC	$0	–	-78,000	–	-1.03%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-30,300	–	-1.06%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-298,300	–	-1.16%	–
NI	Exit	NISOURCE INC	$0	–	-118,795	–	-1.17%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-108,100	–	-1.18%	–
BAC	Exit	BANK AMERICA CORP	$0	–	-116,150	–	-1.20%	–
RF	Exit	REGIONS FINANCIAL CORP NEW	$0	–	-191,441	–	-1.23%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-44,300	–	-1.40%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-119,600	–	-1.60%	–
KO	Exit	COCA COLA CO	$0	–	-77,000	–	-1.67%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-52,000	–	-1.68%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-114,600	–	-1.71%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-41,050	–	-1.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-40,350	–	-2.11%	–

Q2 2023

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$29,350,768	–	133,243	–	10.55%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$27,495,975	–	281,030	–	9.88%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$6,808,323	–	125,130	–	2.45%	–
PSX	New	PHILLIPS 66	$6,685,089	–	70,089	–	2.40%	–
AAPL	New	APPLE INC	$6,284,628	–	32,400	–	2.26%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$6,160,824	–	98,400	–	2.21%	–
WMB	New	WILLIAMS COS INC	$5,954,975	–	182,500	–	2.14%	–
JPM	New	JPMORGAN CHASE & CO	$5,868,504	–	40,350	–	2.11%	–
XEL	New	XCEL ENERGY INC	$5,701,549	–	91,709	–	2.05%	–
ABBV	New	ABBVIE INC	$5,618,241	–	41,700	–	2.02%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.	$5,603,855	–	62,550	–	2.01%	–
CVX	New	CHEVRON CORP NEW	$5,412,840	–	34,400	–	1.94%	–
PEP	New	PEPSICO INC	$5,371,380	–	29,000	–	1.93%	–
NEE	New	NEXTERA ENERGY INC	$5,194,000	–	70,000	–	1.87%	–
WMT	New	WALMART INC	$5,029,760	–	32,000	–	1.81%	–
ATO	New	ATMOS ENERGY CORP	$4,775,757	–	41,050	–	1.72%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,768,050	–	26,600	–	1.71%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,761,630	–	114,600	–	1.71%	–
DUK	New	DUKE ENERGY CORP NEW	$4,666,480	–	52,000	–	1.68%	–
USMV	New	ISHARES TRmsci usa min vol	$4,645,922	–	62,504	–	1.67%	–
KO	New	COCA COLA CO	$4,636,940	–	77,000	–	1.67%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,447,924	–	119,600	–	1.60%	–
JNJ	New	JOHNSON & JOHNSON	$4,435,936	–	26,800	–	1.59%	–
WEC	New	WEC ENERGY GROUP INC	$4,412,000	–	50,000	–	1.58%	–
MCD	New	MCDONALDS CORP	$4,356,786	–	14,600	–	1.56%	–
CMS	New	CMS ENERGY CORP	$4,218,250	–	71,800	–	1.52%	–
MRK	New	MERCK & CO INC	$4,038,650	–	35,000	–	1.45%	–
PAYX	New	PAYCHEX INC	$3,960,198	–	35,400	–	1.42%	–
PRU	New	PRUDENTIAL FINL INC	$3,908,146	–	44,300	–	1.40%	–
WM	New	WASTE MGMT INC DEL	$3,468,400	–	20,000	–	1.25%	–
RF	New	REGIONS FINANCIAL CORP NEW	$3,411,479	–	191,441	–	1.23%	–
BAC	New	BANK AMERICA CORP	$3,332,344	–	116,150	–	1.20%	–
EXC	New	EXELON CORP	$3,324,384	–	81,600	–	1.19%	–
TFC	New	TRUIST FINL CORP	$3,280,835	–	108,100	–	1.18%	–
NI	New	NISOURCE INC	$3,249,043	–	118,795	–	1.17%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$3,215,674	–	298,300	–	1.16%	–
ETR	New	ENTERGY CORP NEW	$2,950,311	–	30,300	–	1.06%	–
PFE	New	PFIZER INC	$2,861,040	–	78,000	–	1.03%	–
APD	New	AIR PRODS & CHEMS INC	$2,695,770	–	9,000	–	0.97%	–
CFG	New	CITIZENS FINL GROUP INC	$2,634,080	–	101,000	–	0.95%	–
XOM	New	EXXON MOBIL CORP	$2,574,000	–	24,000	–	0.92%	–
FITB	New	FIFTH THIRD BANCORP	$2,495,192	–	95,200	–	0.90%	–
KEY	New	KEYCORP	$2,486,022	–	269,050	–	0.89%	–
OMC	New	OMNICOM GROUP INC	$2,397,780	–	25,200	–	0.86%	–
USB	New	US BANCORP DEL	$2,392,096	–	72,400	–	0.86%	–
FE	New	FIRSTENERGY CORP	$2,348,352	–	60,400	–	0.84%	–
BK	New	BANK NEW YORK MELLON CORP	$2,248,260	–	50,500	–	0.81%	–
AMGN	New	AMGEN INC	$2,242,402	–	10,100	–	0.81%	–
VYM	New	VANGUARD WHITEHALL FDShigh div yld	$2,179,739	–	20,550	–	0.78%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$1,888,084	–	36,520	–	0.68%	–
MS	New	MORGAN STANLEY	$1,793,400	–	21,000	–	0.64%	–
HUN	New	HUNTSMAN CORP	$1,788,724	–	66,200	–	0.64%	–
C	New	CITIGROUP INC	$1,726,500	–	37,500	–	0.62%	–
LNT	New	ALLIANT ENERGY CORP	$1,714,941	–	32,678	–	0.62%	–
MSFT	New	MICROSOFT CORP	$1,702,700	–	5,000	–	0.61%	–
LMT	New	LOCKHEED MARTIN CORP	$1,611,330	–	3,500	–	0.58%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$1,508,971	–	20,779	–	0.54%	–
D	New	DOMINION ENERGY INC	$1,491,552	–	28,800	–	0.54%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$1,459,604	–	14,900	–	0.52%	–
PG	New	PROCTER AND GAMBLE CO	$1,350,486	–	8,900	–	0.48%	–
HD	New	HOME DEPOT INC	$1,304,688	–	4,200	–	0.47%	–
IP	New	INTERNATIONAL PAPER CO	$1,243,771	–	39,100	–	0.45%	–
GILD	New	GILEAD SCIENCES INC	$1,179,171	–	15,300	–	0.42%	–
CSCO	New	CISCO SYS INC	$1,034,800	–	20,000	–	0.37%	–
BLK	New	BLACKROCK INC	$1,036,710	–	1,500	–	0.37%	–
EMN	New	EASTMAN CHEM CO	$753,480	–	9,000	–	0.27%	–
VOO	New	VANGUARD INDEX FDS	$598,702	–	1,470	–	0.22%	–
SPLG	New	SPDR SER TRportfolio s&p500	$599,265	–	11,500	–	0.22%	–
IVV	New	ISHARES TRcore s&p500 etf	$566,052	–	1,270	–	0.20%	–
NTRS	New	NORTHERN TR CORP	$533,808	–	7,200	–	0.19%	–
ES	New	EVERSOURCE ENERGY	$425,520	–	6,000	–	0.15%	–
OKE	New	ONEOK INC NEW	$370,320	–	6,000	–	0.13%	–
HYG	New	ISHARES TRiboxx hi yd etf	$279,636	–	3,725	–	0.10%	–

Q4 2022

			Value		Shares		↓ Weighting
DIS	Exit	DISNEY WALT CO	$0	–	-2,400	–	-0.05%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-3,725	–	-0.06%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,500	–	-0.10%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,270	–	-0.11%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-6,000	–	-0.11%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-11,500	–	-0.11%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,470	–	-0.11%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-9,200	–	-0.11%	–
SRE	Exit	SEMPRA	$0	–	-3,900	–	-0.14%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-10,666	–	-0.16%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,600	–	-0.24%	–
AVGO	Exit	BROADCOM INC	$0	–	-2,400	–	-0.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,000	–	-0.27%	–
NJR	Exit	NEW JERSEY RES CORP	$0	–	-33,400	–	-0.30%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-54,000	–	-0.33%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-36,520	–	-0.36%	–
OKE	Exit	ONEOK INC NEW	$0	–	-30,000	–	-0.36%	–
MS	Exit	MORGAN STANLEY	$0	–	-21,000	–	-0.39%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-19,000	–	-0.40%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-32,678	–	-0.40%	–
INTC	Exit	INTEL CORP	$0	–	-69,800	–	-0.42%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-50,000	–	-0.42%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-14,400	–	-0.45%	–
VYM	Exit	VANGUARD WHITEHALL FDShigh div yld	$0	–	-20,550	–	-0.45%	–
D	Exit	DOMINION ENERGY INC	$0	–	-28,800	–	-0.46%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-63,100	–	-0.47%	–
CSCO	Exit	CISCO SYS INC	$0	–	-50,000	–	-0.47%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-31,300	–	-0.52%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-60,400	–	-0.52%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-94,100	–	-0.54%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-29,400	–	-0.56%	–
SR	Exit	SPIRE INC	$0	–	-40,100	–	-0.58%	–
STT	Exit	STATE STR CORP	$0	–	-41,500	–	-0.59%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-22,500	–	-0.59%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-30,000	–	-0.61%	–
MET	Exit	METLIFE INC	$0	–	-45,210	–	-0.64%	–
USB	Exit	US BANCORP DEL	$0	–	-72,400	–	-0.68%	–
NI	Exit	NISOURCE INC	$0	–	-118,795	–	-0.70%	–
IPG	Exit	INTERPUBLIC GROUP COS INC	$0	–	-119,000	–	-0.71%	–
EXC	Exit	EXELON CORP	$0	–	-81,600	–	-0.71%	–
C	Exit	CITIGROUP INC	$0	–	-75,000	–	-0.73%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-37,600	–	-0.76%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-41,465	–	-0.77%	–
HD	Exit	HOME DEPOT INC	$0	–	-12,000	–	-0.77%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-38,800	–	-0.77%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-114,600	–	-0.78%	–
CFG	Exit	CITIZENS FINL GROUP INC	$0	–	-101,000	–	-0.81%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-116,150	–	-0.82%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-92,580	–	-0.83%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-36,300	–	-0.85%	–
RF	Exit	REGIONS FINANCIAL CORP NEW	$0	–	-191,441	–	-0.90%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-122,500	–	-0.91%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-61,989	–	-0.95%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-48,050	–	-0.96%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-41,050	–	-0.97%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-67,800	–	-0.97%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-40,350	–	-0.98%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-10,970	–	-0.99%	–
KEY	Exit	KEYCORP	$0	–	-269,050	–	-1.00%	–
HBAN	Exit	HUNTINGTON BANCSHARES INC	$0	–	-329,100	–	-1.01%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-35,900	–	-1.06%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-119,600	–	-1.06%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-73,265	–	-1.08%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-80,000	–	-1.08%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-108,100	–	-1.10%	–
MCD	Exit	MCDONALDS CORP	$0	–	-20,600	–	-1.11%	–
WMT	Exit	WALMART INC	$0	–	-37,000	–	-1.12%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-30,000	–	-1.12%	–
BLK	Exit	BLACKROCK INC	$0	–	-8,755	–	-1.12%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-52,000	–	-1.13%	–
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-111,200	–	-1.15%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-34,400	–	-1.15%	–
MRK	Exit	MERCK & CO INC	$0	–	-60,000	–	-1.20%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-182,500	–	-1.22%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-32,400	–	-1.22%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-59,100	–	-1.23%	–
AMGN	Exit	AMGEN INC	$0	–	-23,600	–	-1.24%	–
PFE	Exit	PFIZER INC	$0	–	-124,000	–	-1.26%	–
KO	Exit	COCA COLA CO	$0	–	-97,000	–	-1.27%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GRP IN	$0	–	-98,400	–	-1.29%	–
MCHP	Exit	MICROCHIP TECHNOLOGY INC.	$0	–	-93,500	–	-1.33%	–
TGT	Exit	TARGET CORP	$0	–	-40,000	–	-1.38%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-37,300	–	-1.42%	–
PSX	Exit	PHILLIPS 66	$0	–	-79,689	–	-1.50%	–
AAPL	Exit	APPLE INC	$0	–	-46,800	–	-1.51%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-101,709	–	-1.52%	–
PEP	Exit	PEPSICO INC	$0	–	-40,000	–	-1.52%	–
PAYX	Exit	PAYCHEX INC	$0	–	-59,700	–	-1.56%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-30,800	–	-1.67%	–
ABBV	Exit	ABBVIE INC	$0	–	-61,700	–	-1.93%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-112,000	–	-2.05%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-632,229	–	-26.43%	–

Q3 2022

			Value		Shares		↓ Weighting
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$113,466,000	-5.7%	632,229	-0.9%	26.43%	+1.5%
NEE	Sell	NEXTERA ENERGY INC	$8,782,000	-5.5%	112,000	-6.7%	2.05%	+1.7%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$3,298,000	-1.6%	41,465	+3.6%	0.77%	+5.8%
OGE	Sell	OGE ENERGY CORP	$1,823,000	-25.9%	50,000	-21.6%	0.42%	-20.1%
SCHB	Buy	SCHWAB STRATEGIC TRus brd mkt etf	$1,533,000	+178.7%	36,520	+193.6%	0.36%	+200.0%
SCHD	Buy	SCHWAB STRATEGIC TRus dividend eq	$709,000	+14.7%	10,666	+23.6%	0.16%	+23.1%
SPLG	Sell	SPDR SER TRportfolio s&p500	$483,000	-22.5%	11,500	-18.1%	0.11%	-16.3%
VOO	Sell	VANGUARD INDEX FDS	$483,000	-18.1%	1,470	-13.5%	0.11%	-11.7%
IVV	Sell	ISHARES TRcore s&p500 etf	$455,000	-23.0%	1,270	-18.6%	0.11%	-17.2%

Q2 2022

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$120,297,000	–	637,774	–	26.04%	–
ABBV	New	ABBVIE INC	$9,450,000	–	61,700	–	2.04%	–
NEE	New	NEXTERA ENERGY INC	$9,295,000	–	120,000	–	2.01%	–
APD	New	AIR PRODS & CHEMS INC	$7,407,000	–	30,800	–	1.60%	–
XEL	New	XCEL ENERGY INC	$7,197,000	–	101,709	–	1.56%	–
PAYX	New	PAYCHEX INC	$6,798,000	–	59,700	–	1.47%	–
PEP	New	PEPSICO INC	$6,666,000	–	40,000	–	1.44%	–
JNJ	New	JOHNSON & JOHNSON	$6,621,000	–	37,300	–	1.43%	–
PSX	New	PHILLIPS 66	$6,534,000	–	79,689	–	1.41%	–
PFE	New	PFIZER INC	$6,501,000	–	124,000	–	1.41%	–
AAPL	New	APPLE INC	$6,398,000	–	46,800	–	1.38%	–
PEG	New	PUBLIC SVC ENTERPRISE GRP IN	$6,227,000	–	98,400	–	1.35%	–
KO	New	COCA COLA CO	$6,102,000	–	97,000	–	1.32%	–
VZ	New	VERIZON COMMUNICATIONS INC	$6,070,000	–	119,600	–	1.31%	–
WEC	New	WEC ENERGY GROUP INC	$5,948,000	–	59,100	–	1.29%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,914,000	–	32,400	–	1.28%	–
AMGN	New	AMGEN INC	$5,742,000	–	23,600	–	1.24%	–
WMB	New	WILLIAMS COS INC	$5,696,000	–	182,500	–	1.23%	–
TGT	New	TARGET CORP	$5,649,000	–	40,000	–	1.22%	–
DUK	New	DUKE ENERGY CORP NEW	$5,575,000	–	52,000	–	1.21%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$5,556,000	–	111,200	–	1.20%	–
MRK	New	MERCK & CO. INC	$5,470,000	–	60,000	–	1.18%	–
MCHP	New	MICROCHIP TECHNOLOGY INC.	$5,430,000	–	93,500	–	1.18%	–
CMS	New	CMS ENERGY CORP	$5,400,000	–	80,000	–	1.17%	–
BLK	New	BLACKROCK INC	$5,332,000	–	8,755	–	1.15%	–
PG	New	PROCTER AND GAMBLE CO	$5,162,000	–	35,900	–	1.12%	–
TFC	New	TRUIST FINL CORP	$5,127,000	–	108,100	–	1.11%	–
MCD	New	MCDONALDS CORP	$5,086,000	–	20,600	–	1.10%	–
CVX	New	CHEVRON CORP NEW	$4,980,000	–	34,400	–	1.08%	–
LMT	New	LOCKHEED MARTIN CORP	$4,717,000	–	10,970	–	1.02%	–
OMC	New	OMNICOM GROUP INC	$4,660,000	–	73,265	–	1.01%	–
KEY	New	KEYCORP	$4,636,000	–	269,050	–	1.00%	–
ATO	New	ATMOS ENERGY CORP	$4,602,000	–	41,050	–	1.00%	–
PRU	New	PRUDENTIAL FINL INC	$4,597,000	–	48,050	–	1.00%	–
WM	New	WASTE MGMT INC DEL	$4,589,000	–	30,000	–	0.99%	–
JPM	New	JPMORGAN CHASE & CO	$4,544,000	–	40,350	–	0.98%	–
WMT	New	WALMART INC	$4,498,000	–	37,000	–	0.97%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,497,000	–	114,600	–	0.97%	–
USMV	New	ISHARES TRmsci usa min vol	$4,352,000	–	61,989	–	0.94%	–
GILD	New	GILEAD SCIENCES INC	$4,191,000	–	67,800	–	0.91%	–
FITB	New	FIFTH THIRD BANCORP	$4,116,000	–	122,500	–	0.89%	–
ETR	New	ENTERGY CORP NEW	$4,089,000	–	36,300	–	0.88%	–
HBAN	New	HUNTINGTON BANCSHARES INC	$3,959,000	–	329,100	–	0.86%	–
BK	New	BANK NEW YORK MELLON CORP	$3,862,000	–	92,580	–	0.84%	–
NTRS	New	NORTHERN TR CORP	$3,743,000	–	38,800	–	0.81%	–
EXC	New	EXELON CORP	$3,698,000	–	81,600	–	0.80%	–
BAC	New	BK OF AMERICA CORP	$3,616,000	–	116,150	–	0.78%	–
AEP	New	AMERICAN ELEC PWR CO INC	$3,607,000	–	37,600	–	0.78%	–
CFG	New	CITIZENS FINANCIAL GROUP INC	$3,605,000	–	101,000	–	0.78%	–
RF	New	REGIONS FINANCIAL CORP NEW	$3,590,000	–	191,441	–	0.78%	–
NI	New	NISOURCE INC	$3,503,000	–	118,795	–	0.76%	–
C	New	CITIGROUP INC	$3,449,000	–	75,000	–	0.75%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$3,353,000	–	40,025	–	0.73%	–
USB	New	US BANCORP DEL	$3,332,000	–	72,400	–	0.72%	–
HD	New	HOME DEPOT INC	$3,291,000	–	12,000	–	0.71%	–
IPG	New	INTERPUBLIC GROUP COS INC	$3,276,000	–	119,000	–	0.71%	–
KMB	New	KIMBERLY-CLARK CORP	$3,041,000	–	22,500	–	0.66%	–
SR	New	SPIRE INC	$2,982,000	–	40,100	–	0.64%	–
MET	New	METLIFE INC	$2,839,000	–	45,210	–	0.61%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$2,826,000	–	29,400	–	0.61%	–
EMN	New	EASTMAN CHEM CO	$2,810,000	–	31,300	–	0.61%	–
HUN	New	HUNTSMAN CORP	$2,668,000	–	94,100	–	0.58%	–
IP	New	INTERNATIONAL PAPER CO	$2,639,000	–	63,100	–	0.57%	–
INTC	New	INTEL CORP	$2,611,000	–	69,800	–	0.56%	–
XOM	New	EXXON MOBIL CORP	$2,569,000	–	30,000	–	0.56%	–
STT	New	STATE STR CORP	$2,558,000	–	41,500	–	0.55%	–
OGE	New	OGE ENERGY CORP	$2,460,000	–	63,800	–	0.53%	–
FE	New	FIRSTENERGY CORP	$2,319,000	–	60,400	–	0.50%	–
D	New	DOMINION ENERGY INC	$2,299,000	–	28,800	–	0.50%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$2,263,000	–	19,000	–	0.49%	–
WHR	New	WHIRLPOOL CORP	$2,230,000	–	14,400	–	0.48%	–
CSCO	New	CISCO SYS INC	$2,132,000	–	50,000	–	0.46%	–
VYM	New	VANGUARD WHITEHALL FDShigh div yld	$2,090,000	–	20,550	–	0.45%	–
LNT	New	ALLIANT ENERGY CORP	$1,915,000	–	32,678	–	0.41%	–
OKE	New	ONEOK INC NEW	$1,665,000	–	30,000	–	0.36%	–
MS	New	MORGAN STANLEY	$1,597,000	–	21,000	–	0.35%	–
JNPR	New	JUNIPER NETWORKS INC	$1,539,000	–	54,000	–	0.33%	–
NJR	New	NEW JERSEY RES CORP	$1,487,000	–	33,400	–	0.32%	–
MSFT	New	MICROSOFT CORP	$1,284,000	–	5,000	–	0.28%	–
AVGO	New	BROADCOM INC	$1,166,000	–	2,400	–	0.25%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$966,000	–	4,600	–	0.21%	–
SPLG	New	SPDR SER TRportfolio s&p500	$623,000	–	14,050	–	0.14%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$618,000	–	8,626	–	0.13%	–
IVV	New	ISHARES TRcore s&p500 etf	$591,000	–	1,560	–	0.13%	–
VOO	New	VANGUARD INDEX FDS	$590,000	–	1,700	–	0.13%	–
SRE	New	SEMPRA ENERGY	$586,000	–	3,900	–	0.13%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$550,000	–	12,440	–	0.12%	–
ES	New	EVERSOURCE ENERGY	$507,000	–	6,000	–	0.11%	–
QSR	New	RESTAURANT BRANDS INTL INC	$461,000	–	9,200	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$446,000	–	1,500	–	0.10%	–
HYG	New	ISHARES TRiboxx hi yd etf	$274,197	–	3,725	–	0.06%	–
DIS	New	DISNEY WALT CO	$227,000	–	2,400	–	0.05%	–

Q4 2021

			Value		Shares		↓ Weighting
OGN	Exit	ORGANON & CO	$0	–	-7,710	–	-0.04%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-2,000	–	-0.06%	–
SCHB	Exit	SCHWAB STRATEGIC TRus brd mkt etf	$0	–	-5,120	–	-0.08%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,700	–	-0.10%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-7,180	–	-0.11%	–
SPLG	Exit	SPDR SER TRportfolio s&p500	$0	–	-14,050	–	-0.11%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-5,700	–	-0.11%	–
CLX	Exit	CLOROX CO DEL	$0	–	-5,000	–	-0.13%	–
QSR	Exit	RESTAURANT BRANDS IN	$0	–	-13,800	–	-0.13%	–
JNPR	Exit	JUNIPER NETWORKS INC	$0	–	-36,000	–	-0.15%	–
SJI	Exit	SOUTH JERSEY INDS IN	$0	–	-48,000	–	-0.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,000	–	-0.22%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-21,000	–	-0.26%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-32,678	–	-0.28%	–
NJR	Exit	NEW JERSEY RES CORP	$0	–	-54,400	–	-0.29%	–
D	Exit	DOMINION ENERGY INC	$0	–	-28,800	–	-0.32%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-60,400	–	-0.33%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-68,400	–	-0.34%	–
PSX	Exit	PHILLIPS 66	$0	–	-33,489	–	-0.36%	–
T	Exit	AT&T INC	$0	–	-98,000	–	-0.40%	–
OKE	Exit	ONEOK INC NEW	$0	–	-45,700	–	-0.40%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-6,330	–	-0.42%	–
MET	Exit	METLIFE INC	$0	–	-45,210	–	-0.43%	–
NI	Exit	NISOURCE INC	$0	–	-118,795	–	-0.44%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-31,300	–	-0.48%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-32,500	–	-0.50%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-45,600	–	-0.50%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-130,000	–	-0.52%	–
SR	Exit	SPIRE INC	$0	–	-55,300	–	-0.52%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-74,500	–	-0.53%	–
IFF	Exit	INTERNATIONAL FLAVOR	$0	–	-26,500	–	-0.54%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-121,100	–	-0.55%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-41,050	–	-0.55%	–
RTX	Exit	RAYTHEON TECHNOLOGIE	$0	–	-43,600	–	-0.57%	–
IP	Exit	INTERNATIONAL PAPER	$0	–	-69,100	–	-0.59%	–
PNW	Exit	PINNACLE WEST CAP CO	$0	–	-53,900	–	-0.60%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-39,300	–	-0.60%	–
ADP	Exit	AUTOMATIC DATA PROCE	$0	–	-19,600	–	-0.60%	–
HD	Exit	HOME DEPOT INC	$0	–	-12,000	–	-0.60%	–
EXC	Exit	EXELON CORP	$0	–	-81,600	–	-0.60%	–
RF	Exit	REGIONS FINANCIAL CO	$0	–	-191,441	–	-0.62%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-56,722	–	-0.64%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-38,800	–	-0.64%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-60,300	–	-0.64%	–
USB	Exit	US BANCORP DEL	$0	–	-72,400	–	-0.66%	–
IPG	Exit	INTERPUBLIC GROUP CO	$0	–	-119,000	–	-0.67%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-47,200	–	-0.70%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-35,000	–	-0.71%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-13,670	–	-0.72%	–
CFG	Exit	CITIZENS FINL GROUP	$0	–	-101,000	–	-0.73%	–
BK	Exit	BANK NEW YORK MELLON	$0	–	-92,580	–	-0.73%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-116,150	–	-0.75%	–
MCD	Exit	MCDONALDS CORP	$0	–	-20,600	–	-0.76%	–
AMGN	Exit	AMGEN INC	$0	–	-23,600	–	-0.77%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-84,000	–	-0.77%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-48,050	–	-0.77%	–
HBAN	Exit	HUNTINGTON BANCSHARE	$0	–	-329,100	–	-0.78%	–
STT	Exit	STATE STR CORP	$0	–	-60,300	–	-0.78%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-122,500	–	-0.80%	–
INTC	Exit	INTEL CORP	$0	–	-102,800	–	-0.84%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-67,600	–	-0.84%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-33,750	–	-0.84%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-64,100	–	-0.86%	–
PFE	Exit	PFIZER INC	$0	–	-132,000	–	-0.87%	–
PG	Exit	PROCTER AND GAMBLE C	$0	–	-40,900	–	-0.87%	–
MRK	Exit	MERCK & CO INC	$0	–	-77,100	–	-0.89%	–
KEY	Exit	KEYCORP	$0	–	-269,050	–	-0.89%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-104,600	–	-0.90%	–
WMT	Exit	WALMART INC	$0	–	-42,000	–	-0.90%	–
UPS	Exit	UNITED PARCEL SERVICcl b	$0	–	-32,400	–	-0.90%	–
PEG	Exit	PUBLIC SVC ENTERPRIS	$0	–	-98,400	–	-0.92%	–
AEE	Exit	AMEREN CORP	$0	–	-74,165	–	-0.92%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-37,300	–	-0.92%	–
VEU	Exit	VANGUARD INTL EQUITYallwrld ex us	$0	–	-101,900	–	-0.95%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-108,100	–	-0.97%	–
KO	Exit	COCA COLA CO	$0	–	-121,000	–	-0.97%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-119,600	–	-0.99%	–
ABBV	Exit	ABBVIE INC	$0	–	-61,700	–	-1.02%	–
PEP	Exit	PEPSICO INC	$0	–	-45,000	–	-1.04%	–
BLK	Exit	BLACKROCK INC	$0	–	-8,155	–	-1.05%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-120,709	–	-1.15%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-50,600	–	-1.16%	–
AAPL	Exit	APPLE INC	$0	–	-54,000	–	-1.17%	–
CSCO	Exit	CISCO SYS INC	$0	–	-142,500	–	-1.19%	–
APD	Exit	AIR PRODS & CHEMS IN	$0	–	-32,800	–	-1.28%	–
MCHP	Exit	MICROCHIP TECHNOLOGY	$0	–	-58,900	–	-1.38%	–
PAYX	Exit	PAYCHEX INC	$0	–	-84,700	–	-1.46%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-130,000	–	-1.56%	–
TGT	Exit	TARGET CORP	$0	–	-45,000	–	-1.57%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-227,500	–	-2.58%	–
VEA	Exit	VANGUARD TAX-MANAGEDftse dev mkt etf	$0	–	-407,200	–	-3.14%	–
VYM	Exit	VANGUARD WHITEHALL Fhigh div yld	$0	–	-283,750	–	-4.48%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-894,427	–	-30.37%	–

Q3 2021

			Value		Shares		↓ Weighting
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$198,616,000	-0.3%	894,427	+0.1%	30.37%	+1.2%
VYM	Sell	VANGUARD WHITEHALL Fhigh div yld	$29,326,000	-5.4%	283,750	-4.1%	4.48%	-3.9%
TGT	Sell	TARGET CORP	$10,295,000	-22.6%	45,000	-18.2%	1.57%	-21.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$5,850,000	-22.6%	104,600	-21.1%	0.90%	-21.4%
KEY	Buy	KEYCORP	$5,817,000	+22.4%	269,050	+17.0%	0.89%	+24.2%
BAC	Buy	BK OF AMERICA CORP	$4,931,000	+33.4%	116,150	+29.6%	0.75%	+35.4%
BK	Buy	BANK NEW YORK MELLON	$4,799,000	+4.1%	92,580	+2.9%	0.73%	+5.8%
LMT	Buy	LOCKHEED MARTIN CORP	$4,718,000	+14.7%	13,670	+25.8%	0.72%	+16.5%
USMV	Buy	ISHARES TRmsci usa min vol	$4,169,000	+2.9%	56,722	+3.0%	0.64%	+4.4%
PNW	Sell	PINNACLE WEST CAP CO	$3,900,000	-13.8%	53,900	-2.4%	0.60%	-12.6%
ATO	Buy	ATMOS ENERGY CORP	$3,621,000	-1.0%	41,050	+7.9%	0.55%	+0.5%
SR	Buy	SPIRE INC	$3,383,000	-8.7%	55,300	+7.8%	0.52%	-7.3%
WMB	Buy	WILLIAMS COS INC	$3,372,000	+15.4%	130,000	+18.2%	0.52%	+17.3%
OMC	Buy	OMNICOM GROUP INC	$3,304,000	+838.6%	45,600	+936.4%	0.50%	+852.8%
T	Sell	AT&T INC	$2,647,000	-41.8%	98,000	-38.0%	0.40%	-40.9%
ES	Sell	EVERSOURCE ENERGY	$1,717,000	-47.8%	21,000	-48.8%	0.26%	-47.0%
JNPR	New	JUNIPER NETWORKS INC	$991,000	–	36,000	–	0.15%	–
SRE	New	SEMPRA ENERGY	$721,000	–	5,700	–	0.11%	–
WHR	Sell	WHIRLPOOL CORP	$408,000	-81.3%	2,000	-80.0%	0.06%	-81.1%
NTR	Exit	NUTRIEN LTD	$0	–	-13,000	–	-0.12%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-27,558	–	-0.16%	–
INGR	Exit	INGREDION INC	$0	–	-19,500	–	-0.27%	–

Q2 2021

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$199,174,000	–	893,877	–	30.00%	–
VYM	New	VANGUARD WHITEHALL Fhigh div yld	$30,985,000	–	295,742	–	4.67%	–
VEA	New	VANGUARD TAX-MANAGEDftse dev mkt etf	$20,979,000	–	407,200	–	3.16%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$17,204,000	–	227,500	–	2.59%	–
TGT	New	TARGET CORP	$13,296,000	–	55,000	–	2.00%	–
NEE	New	NEXTERA ENERGY INC	$9,526,000	–	130,000	–	1.44%	–
APD	New	AIR PRODS & CHEMS IN	$9,436,000	–	32,800	–	1.42%	–
PAYX	New	PAYCHEX INC	$9,088,000	–	84,700	–	1.37%	–
MCHP	New	MICROCHIP TECHNOLOGY	$8,820,000	–	58,900	–	1.33%	–
XEL	New	XCEL ENERGY INC	$7,952,000	–	120,709	–	1.20%	–
CMCSA	New	COMCAST CORP NEWcl a	$7,561,000	–	132,600	–	1.14%	–
CSCO	New	CISCO SYS INC	$7,553,000	–	142,500	–	1.14%	–
AAPL	New	APPLE INC	$7,396,000	–	54,000	–	1.11%	–
BLK	New	BLACKROCK INC	$7,135,000	–	8,155	–	1.08%	–
WM	New	WASTE MGMT INC DEL	$7,090,000	–	50,600	–	1.07%	–
ABBV	New	ABBVIE INC	$6,950,000	–	61,700	–	1.05%	–
UPS	New	UNITED PARCEL SERVICcl b	$6,738,000	–	32,400	–	1.02%	–
VZ	New	VERIZON COMMUNICATIO	$6,701,000	–	119,600	–	1.01%	–
PEP	New	PEPSICO INC	$6,668,000	–	45,000	–	1.00%	–
KO	New	COCA COLA CO	$6,547,000	–	121,000	–	0.99%	–
VEU	New	VANGUARD INTL EQUITYallwrld ex us	$6,459,000	–	101,900	–	0.97%	–
JNJ	New	JOHNSON & JOHNSON	$6,145,000	–	37,300	–	0.93%	–
TFC	New	TRUIST FINL CORP	$6,000,000	–	108,100	–	0.90%	–
MRK	New	MERCK & CO. INC	$5,996,000	–	77,100	–	0.90%	–
AEE	New	AMEREN CORP	$5,936,000	–	74,165	–	0.89%	–
WMT	New	WALMART INC	$5,923,000	–	42,000	–	0.89%	–
PEG	New	PUBLIC SVC ENTERPRIS	$5,878,000	–	98,400	–	0.88%	–
INTC	New	INTEL CORP	$5,771,000	–	102,800	–	0.87%	–
AMGN	New	AMGEN INC	$5,753,000	–	23,600	–	0.87%	–
AEP	New	AMERICAN ELEC PWR CO	$5,718,000	–	67,600	–	0.86%	–
WEC	New	WEC ENERGY GROUP INC	$5,702,000	–	64,100	–	0.86%	–
PG	New	PROCTER AND GAMBLE C	$5,519,000	–	40,900	–	0.83%	–
JPM	New	JPMORGAN CHASE & CO	$5,249,000	–	33,750	–	0.79%	–
PFE	New	PFIZER INC	$5,169,000	–	132,000	–	0.78%	–
CMS	New	CMS ENERGY CORP	$4,963,000	–	84,000	–	0.75%	–
STT	New	STATE STR CORP	$4,961,000	–	60,300	–	0.75%	–
PRU	New	PRUDENTIAL FINL INC	$4,924,000	–	48,050	–	0.74%	–
MCD	New	MCDONALDS CORP	$4,758,000	–	20,600	–	0.72%	–
KEY	New	KEYCORP	$4,751,000	–	230,050	–	0.72%	–
HBAN	New	HUNTINGTON BANCSHARE	$4,696,000	–	329,100	–	0.71%	–
KMB	New	KIMBERLY-CLARK CORP	$4,682,000	–	35,000	–	0.70%	–
FITB	New	FIFTH THIRD BANCORP	$4,683,000	–	122,500	–	0.70%	–
DUK	New	DUKE ENERGY CORP NEW	$4,660,000	–	47,200	–	0.70%	–
CFG	New	CITIZENS FINANCIAL G	$4,633,000	–	101,000	–	0.70%	–
BK	New	BANK NEW YORK MELLON	$4,610,000	–	89,993	–	0.69%	–
T	New	AT&T INC	$4,547,000	–	158,000	–	0.68%	–
PNW	New	PINNACLE WEST CAP CO	$4,525,000	–	55,200	–	0.68%	–
NTRS	New	NORTHERN TR CORP	$4,486,000	–	38,800	–	0.68%	–
IP	New	INTERNATIONAL PAPER	$4,237,000	–	69,100	–	0.64%	–
GILD	New	GILEAD SCIENCES INC	$4,152,000	–	60,300	–	0.62%	–
USB	New	US BANCORP DEL	$4,125,000	–	72,400	–	0.62%	–
LMT	New	LOCKHEED MARTIN CORP	$4,113,000	–	10,870	–	0.62%	–
USMV	New	ISHARES TRmsci usa min vol	$4,052,000	–	55,052	–	0.61%	–
IFF	New	INTERNATIONAL FLAVOR	$3,959,000	–	26,500	–	0.60%	–
ETR	New	ENTERGY CORP NEW	$3,918,000	–	39,300	–	0.59%	–
ADP	New	AUTOMATIC DATA PROCE	$3,893,000	–	19,600	–	0.59%	–
IPG	New	INTERPUBLIC GROUP CO	$3,866,000	–	119,000	–	0.58%	–
RF	New	REGIONS FINANCIAL CO	$3,863,000	–	191,441	–	0.58%	–
HD	New	HOME DEPOT INC	$3,827,000	–	12,000	–	0.58%	–
RTX	New	RAYTHEON TECHNOLOGIE	$3,720,000	–	43,600	–	0.56%	–
SR	New	SPIRE INC	$3,707,000	–	51,300	–	0.56%	–
BAC	New	BK OF AMERICA CORP	$3,696,000	–	89,650	–	0.56%	–
ATO	New	ATMOS ENERGY CORP	$3,657,000	–	38,050	–	0.55%	–
EMN	New	EASTMAN CHEM CO	$3,654,000	–	31,300	–	0.55%	–
EXC	New	EXELON CORP	$3,616,000	–	81,600	–	0.54%	–
CVX	New	CHEVRON CORP NEW	$3,404,000	–	32,500	–	0.51%	–
WFC	New	WELLS FARGO CO NEW	$3,374,000	–	74,500	–	0.51%	–
ES	New	EVERSOURCE ENERGY	$3,290,000	–	41,000	–	0.50%	–
HUN	New	HUNTSMAN CORP	$3,212,000	–	121,100	–	0.48%	–
WMB	New	WILLIAMS COS INC	$2,921,000	–	110,000	–	0.44%	–
NI	New	NISOURCE INC	$2,910,000	–	118,795	–	0.44%	–
PSX	New	PHILLIPS 66	$2,874,000	–	33,489	–	0.43%	–
IVV	New	ISHARES TRcore s&p500 etf	$2,721,000	–	6,330	–	0.41%	–
MET	New	METLIFE INC	$2,706,000	–	45,210	–	0.41%	–
OKE	New	ONEOK INC NEW	$2,543,000	–	45,700	–	0.38%	–
OGE	New	OGE ENERGY CORP	$2,302,000	–	68,400	–	0.35%	–
FE	New	FIRSTENERGY CORP	$2,247,000	–	60,400	–	0.34%	–
WHR	New	WHIRLPOOL CORP	$2,180,000	–	10,000	–	0.33%	–
NJR	New	NEW JERSEY RES CORP	$2,153,000	–	54,400	–	0.32%	–
D	New	DOMINION ENERGY INC	$2,119,000	–	28,800	–	0.32%	–
LNT	New	ALLIANT ENERGY CORP	$1,822,000	–	32,678	–	0.27%	–
INGR	New	INGREDION INC	$1,765,000	–	19,500	–	0.27%	–
MSFT	New	MICROSOFT CORP	$1,355,000	–	5,000	–	0.20%	–
SJI	New	SOUTH JERSEY INDS IN	$1,245,000	–	48,000	–	0.19%	–
PFF	New	ISHARES TRpfd and incm sec	$1,084,000	–	27,558	–	0.16%	–
CLX	New	CLOROX CO DEL	$900,000	–	5,000	–	0.14%	–
QSR	New	RESTAURANT BRANDS IN	$889,000	–	13,800	–	0.13%	–
NTR	New	NUTRIEN LTD	$788,000	–	13,000	–	0.12%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$709,000	–	7,180	–	0.11%	–
SPLG	New	SPDR SER TRportfolio s&p500	$707,000	–	14,050	–	0.11%	–
VOO	New	VANGUARD INDEX FDS	$669,000	–	1,700	–	0.10%	–
SCHB	New	SCHWAB STRATEGIC TRus brd mkt etf	$534,000	–	5,120	–	0.08%	–
OMC	New	OMNICOM GROUP INC	$352,000	–	4,400	–	0.05%	–
OGN	New	ORGANON & CO	$225,000	–	7,710	–	0.03%	–

Q4 2020

			Value		Shares		↓ Weighting
VLO	Exit	VALERO ENERGY CORP	$0	–	-7,200	–	-0.06%	–
SYY	Exit	SYSCO CORP	$0	–	-5,000	–	-0.06%	–
SJI	Exit	SOUTH JERSEY INDS IN	$0	–	-27,000	–	-0.10%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,000	–	-0.14%	–
CTVA	Exit	CORTEVA INC	$0	–	-30,666	–	-0.17%	–
MET	Exit	METLIFE INC	$0	–	-24,010	–	-0.17%	–
GPC	Exit	GENUINE PARTS CO	$0	–	-10,500	–	-0.19%	–
PFF	Exit	ISHARES TRpfd and incm sec	$0	–	-27,558	–	-0.19%	–
CLX	Exit	CLOROX CO DEL	$0	–	-5,000	–	-0.20%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-5,000	–	-0.20%	–
POR	Exit	PORTLAND GEN ELEC CO	$0	–	-33,000	–	-0.22%	–
OKE	Exit	ONEOK INC NEW	$0	–	-45,700	–	-0.22%	–
NJR	Exit	NEW JERSEY RES	$0	–	-45,400	–	-0.23%	–
K	Exit	KELLOGG CO	$0	–	-20,000	–	-0.24%	–
FE	Exit	FIRSTENERGY CORP	$0	–	-60,400	–	-0.33%	–
PSX	Exit	PHILLIPS 66	$0	–	-33,489	–	-0.33%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-74,500	–	-0.33%	–
WRK	Exit	WESTROCK CO	$0	–	-51,535	–	-0.34%	–
ADP	Exit	AUTOMATIC DATA PROCE	$0	–	-13,600	–	-0.36%	–
NUE	Exit	NUCOR CORP	$0	–	-43,000	–	-0.36%	–
IPG	Exit	INTERPUBLIC GROUP CO	$0	–	-119,000	–	-0.38%	–
OGE	Exit	OGE ENERGY CORP	$0	–	-68,400	–	-0.39%	–
HBAN	Exit	HUNTINGTON BANCSHARE	$0	–	-224,500	–	-0.39%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-34,300	–	-0.40%	–
WMB	Exit	WILLIAMS COS INC	$0	–	-110,000	–	-0.41%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-12,000	–	-0.42%	–
USB	Exit	US BANCORP DEL	$0	–	-62,000	–	-0.42%	–
CFG	Exit	CITIZENS FINANCIAL G	$0	–	-88,400	–	-0.42%	–
BK	Exit	BANK NEW YORK MELLON	$0	–	-65,243	–	-0.42%	–
D	Exit	DOMINION ENERGY INC	$0	–	-28,800	–	-0.43%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-32,500	–	-0.44%	–
RF	Exit	REGIONS FINANCIAL CO	$0	–	-203,941	–	-0.44%	–
FITB	Exit	FIFTH THIRD BANCORP	$0	–	-113,900	–	-0.46%	–
NTR	Exit	NUTRIEN LTD	$0	–	-65,000	–	-0.48%	–
NI	Exit	NISOURCE INC	$0	–	-118,795	–	-0.50%	–
HAS	Exit	HASBRO INC	$0	–	-32,400	–	-0.51%	–
HUN	Exit	HUNTSMAN CORP	$0	–	-121,100	–	-0.51%	–
EVRG	Exit	EVERGY INC	$0	–	-53,394	–	-0.51%	–
IP	Exit	INTL PAPER CO	$0	–	-69,100	–	-0.53%	–
NTRS	Exit	NORTHERN TR CORP	$0	–	-36,200	–	-0.53%	–
EXC	Exit	EXELON CORP	$0	–	-81,600	–	-0.55%	–
STT	Exit	STATE STR CORP	$0	–	-50,500	–	-0.57%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-38,900	–	-0.58%	–
PRU	Exit	PRUDENTIAL FINL INC	$0	–	-48,050	–	-0.58%	–
USMV	Exit	ISHARES TRmsci min vol etf	$0	–	-48,978	–	-0.59%	–
QSR	Exit	RESTAURANT BRANDS IN	$0	–	-55,084	–	-0.60%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-33,750	–	-0.62%	–
HD	Exit	HOME DEPOT INC	$0	–	-12,000	–	-0.63%	–
ETR	Exit	ENTERGY CORP NEW	$0	–	-34,000	–	-0.63%	–
BLK	Exit	BLACKROCK INC	$0	–	-6,240	–	-0.67%	–
PNW	Exit	PINNACLE WEST CAP CO	$0	–	-55,200	–	-0.78%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-108,100	–	-0.78%	–
T	Exit	AT&T INC	$0	–	-158,000	–	-0.85%	–
MCD	Exit	MCDONALDS CORP	$0	–	-20,600	–	-0.86%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-54,200	–	-0.91%	–
DTE	Exit	DTE ENERGY CO	$0	–	-43,740	–	-0.95%	–
VEU	Exit	VANGUARD INTL EQUITYallwrld ex us	$0	–	-101,900	–	-0.97%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-35,000	–	-0.98%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-15,400	–	-0.98%	–
ES	Exit	EVERSOURCE ENERGY	$0	–	-64,000	–	-1.01%	–
PFE	Exit	PFIZER INC	$0	–	-147,000	–	-1.02%	–
PEG	Exit	PUBLIC SVC ENTERPRIS	$0	–	-98,400	–	-1.02%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-48,400	–	-1.04%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-106,778	–	-1.04%	–
AEP	Exit	AMERICAN ELEC PWR CO	$0	–	-67,600	–	-1.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-37,300	–	-1.05%	–
CSCO	Exit	CISCO SYS INC	$0	–	-142,500	–	-1.06%	–
PG	Exit	PROCTER AND GAMBLE C	$0	–	-40,900	–	-1.08%	–
ABBV	Exit	ABBVIE INC	$0	–	-66,900	–	-1.11%	–
AEE	Exit	AMEREN CORP	$0	–	-74,165	–	-1.11%	–
UPS	Exit	UNITED PARCEL SERVICcl b	$0	–	-35,200	–	-1.11%	–
WMT	Exit	WALMART INC	$0	–	-42,000	–	-1.11%	–
KO	Exit	COCA COLA CO	$0	–	-121,000	–	-1.13%	–
AMGN	Exit	AMGEN INC	$0	–	-23,600	–	-1.14%	–
MCHP	Exit	MICROCHIP TECHNOLOGY	$0	–	-58,900	–	-1.15%	–
MRK	Exit	MERCK & CO. INC	$0	–	-73,400	–	-1.15%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-132,600	–	-1.16%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-64,100	–	-1.18%	–
PEP	Exit	PEPSICO INC	$0	–	-45,000	–	-1.18%	–
AAPL	Exit	APPLE INC	$0	–	-54,000	–	-1.18%	–
INTC	Exit	INTEL CORP	$0	–	-125,020	–	-1.23%	–
PAYX	Exit	PAYCHEX INC	$0	–	-84,700	–	-1.28%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-115,400	–	-1.30%	–
XEL	Exit	XCEL ENERGY INC	$0	–	-120,709	–	-1.58%	–
TGT	Exit	TARGET CORP	$0	–	-55,000	–	-1.64%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-32,500	–	-1.71%	–
APD	Exit	AIR PRODS & CHEMS IN	$0	–	-32,800	–	-1.85%	–
SCHD	Exit	SCHWAB STRATEGIC TRus dividend eq	$0	–	-227,500	–	-2.38%	–
VEA	Exit	VANGUARD TAX-MANAGEDftse dev mkt etf	$0	–	-407,200	–	-3.15%	–
VYM	Exit	VANGUARD WHITEHALL Fhigh div yld	$0	–	-295,742	–	-4.53%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-891,750	–	-28.75%	–

Q3 2020

			Value		Shares		↓ Weighting
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$151,874,000	+9.0%	891,750	+0.2%	28.75%	+1.8%
INTC	Buy	INTEL CORP	$6,474,000	-3.3%	125,020	+11.8%	1.23%	-9.6%
AAPL	Buy	APPLE INC	$6,254,000	+27.0%	54,000	+300.0%	1.18%	+18.6%
USMV	Buy	ISHARES TRmsci min vol etf	$3,121,000	+14.4%	48,978	+8.9%	0.59%	+6.9%
STT	Buy	STATE STR CORP	$2,996,000	+2.7%	50,500	+10.0%	0.57%	-4.1%
NTRS	Buy	NORTHERN TR CORP	$2,823,000	+9.5%	36,200	+11.4%	0.53%	+2.1%
EVRG	Buy	EVERGY INC	$2,713,000	-4.8%	53,394	+11.0%	0.51%	-11.1%
D	Buy	DOMINION ENERGY INC	$2,273,000	+12.9%	28,800	+16.1%	0.43%	+5.4%
WHR	Sell	WHIRLPOOL CORP	$2,207,000	+5.2%	12,000	-25.9%	0.42%	-1.6%
OGE	New	OGE ENERGY CORP	$2,051,000	–	68,400	–	0.39%	–
IPG	New	INTERPUBLIC GROUP CO	$1,984,000	–	119,000	–	0.38%	–
ADP	New	AUTOMATIC DATA PROCE	$1,897,000	–	13,600	–	0.36%	–
K	Sell	KELLOGG CO	$1,292,000	-56.5%	20,000	-55.6%	0.24%	-59.4%
MET	Buy	METLIFE INC	$892,000	–	24,010	+240000.0%	0.17%	–
SYY	Sell	SYSCO CORP	$311,000	-88.1%	5,000	-89.6%	0.06%	-88.9%
CNP	Exit	CENTERPOINT ENERGY I	$0	–	-136,600	–	-0.52%	–

Q2 2020

			Value		Shares		↓ Weighting
VTI	New	VANGUARD INDEX FDStotal stk mkt	$139,348,000	–	890,230	–	28.24%	–
VYM	New	VANGUARD WHITEHALL Fhigh div yld	$23,299,000	–	295,742	–	4.72%	–
VEA	New	VANGUARD TAX-MANAGEDftse dev mkt etf	$15,795,000	–	407,200	–	3.20%	–
SCHD	New	SCHWAB STRATEGIC TRus dividend eq	$11,773,000	–	227,500	–	2.39%	–
APD	New	AIR PRODS & CHEMS IN	$7,920,000	–	32,800	–	1.60%	–
NEE	New	NEXTERA ENERGY INC	$7,806,000	–	32,500	–	1.58%	–
XEL	New	XCEL ENERGY INC	$7,544,000	–	120,709	–	1.53%	–
INTC	New	INTEL CORP	$6,692,000	–	111,850	–	1.36%	–
CSCO	New	CISCO SYS INC	$6,646,000	–	142,500	–	1.35%	–
TGT	New	TARGET CORP	$6,596,000	–	55,000	–	1.34%	–
ABBV	New	ABBVIE INC	$6,568,000	–	66,900	–	1.33%	–
PAYX	New	PAYCHEX INC	$6,416,000	–	84,700	–	1.30%	–
VZ	New	VERIZON COMMUNICATIO	$6,362,000	–	115,400	–	1.29%	–
MCHP	New	MICROCHIP TECHNOLOGY	$6,203,000	–	58,900	–	1.26%	–
PEP	New	PEPSICO INC	$5,952,000	–	45,000	–	1.21%	–
MRK	New	MERCK & CO. INC	$5,676,000	–	73,400	–	1.15%	–
WEC	New	WEC ENERGY GROUP INC	$5,618,000	–	64,100	–	1.14%	–
AMGN	New	AMGEN INC	$5,566,000	–	23,600	–	1.13%	–
KO	New	COCA COLA CO	$5,406,000	–	121,000	–	1.10%	–
AEP	New	AMERICAN ELEC PWR CO	$5,384,000	–	67,600	–	1.09%	–
ES	New	EVERSOURCE ENERGY	$5,329,000	–	64,000	–	1.08%	–
JNJ	New	JOHNSON & JOHNSON	$5,245,000	–	37,300	–	1.06%	–
AEE	New	AMEREN CORP	$5,218,000	–	74,165	–	1.06%	–
CMCSA	New	COMCAST CORP NEWcl a	$5,169,000	–	132,600	–	1.05%	–
WM	New	WASTE MGMT INC DEL	$5,126,000	–	48,400	–	1.04%	–
LNT	New	ALLIANT ENERGY CORP	$5,108,000	–	106,778	–	1.04%	–
WMT	New	WALMART INC	$5,031,000	–	42,000	–	1.02%	–
KMB	New	KIMBERLY CLARK CORP	$4,947,000	–	35,000	–	1.00%	–
AAPL	New	APPLE INC	$4,925,000	–	13,500	–	1.00%	–
PG	New	PROCTER & GAMBLE CO	$4,890,000	–	40,900	–	0.99%	–
VEU	New	VANGUARD INTL EQUITYallwrld ex us	$4,851,000	–	101,900	–	0.98%	–
PEG	New	PUBLIC SVC ENTERPRIS	$4,837,000	–	98,400	–	0.98%	–
PFE	New	PFIZER INC	$4,807,000	–	147,000	–	0.97%	–
T	New	AT&T INC	$4,776,000	–	158,000	–	0.97%	–
IVV	New	ISHARES TRcore s&p500 etf	$4,769,000	–	15,400	–	0.97%	–
DTE	New	DTE ENERGY CO	$4,702,000	–	43,740	–	0.95%	–
DUK	New	DUKE ENERGY CORP NEW	$4,330,000	–	54,200	–	0.88%	–
TFC	New	TRUIST FINL CORP	$4,059,000	–	108,100	–	0.82%	–
PNW	New	PINNACLE WEST CAP CO	$4,046,000	–	55,200	–	0.82%	–
UPS	New	UNITED PARCEL SERVICcl b	$3,914,000	–	35,200	–	0.79%	–
MCD	New	MCDONALDS CORP	$3,800,000	–	20,600	–	0.77%	–
BLK	New	BLACKROCK INC	$3,395,000	–	6,240	–	0.69%	–
ETR	New	ENTERGY CORP NEW	$3,190,000	–	34,000	–	0.65%	–
JPM	New	JPMORGAN CHASE & CO	$3,175,000	–	33,750	–	0.64%	–
QSR	New	RESTAURANT BRANDS IN	$3,009,000	–	55,084	–	0.61%	–
HD	New	HOME DEPOT INC	$3,006,000	–	12,000	–	0.61%	–
K	New	KELLOGG CO	$2,973,000	–	45,000	–	0.60%	–
EXC	New	EXELON CORP	$2,961,000	–	81,600	–	0.60%	–
PRU	New	PRUDENTIAL FINL INC	$2,926,000	–	48,050	–	0.59%	–
STT	New	STATE STR CORP	$2,917,000	–	45,900	–	0.59%	–
CVX	New	CHEVRON CORP NEW	$2,900,000	–	32,500	–	0.59%	–
EVRG	New	EVERGY INC	$2,851,000	–	48,094	–	0.58%	–
USMV	New	ISHARES TRmsci min vol etf	$2,727,000	–	44,978	–	0.55%	–
EMN	New	EASTMAN CHEM CO	$2,709,000	–	38,900	–	0.55%	–
NI	New	NISOURCE INC	$2,701,000	–	118,795	–	0.55%	–
SYY	New	SYSCO CORP	$2,624,000	–	48,000	–	0.53%	–
NTRS	New	NORTHERN TR CORP	$2,579,000	–	32,500	–	0.52%	–
CNP	New	CENTERPOINT ENERGY I	$2,550,000	–	136,600	–	0.52%	–
BK	New	BANK NEW YORK MELLON	$2,522,000	–	65,243	–	0.51%	–
IP	New	INTL PAPER CO	$2,433,000	–	69,100	–	0.49%	–
HAS	New	HASBRO INC	$2,428,000	–	32,400	–	0.49%	–
PSX	New	PHILLIPS 66	$2,408,000	–	33,489	–	0.49%	–
FE	New	FIRSTENERGY CORP	$2,342,000	–	60,400	–	0.48%	–
USB	New	US BANCORP DEL	$2,283,000	–	62,000	–	0.46%	–
RF	New	REGIONS FINANCIAL CO	$2,268,000	–	203,941	–	0.46%	–
CFG	New	CITIZENS FINANCIAL G	$2,231,000	–	88,400	–	0.45%	–
FITB	New	FIFTH THIRD BANCORP	$2,196,000	–	113,900	–	0.44%	–
HUN	New	HUNTSMAN CORP	$2,176,000	–	121,100	–	0.44%	–
WHR	New	WHIRLPOOL CORP	$2,098,000	–	16,200	–	0.42%	–
WMB	New	WILLIAMS COS INC	$2,092,000	–	110,000	–	0.42%	–
NTR	New	NUTRIEN LTD	$2,087,000	–	65,000	–	0.42%	–
HBAN	New	HUNTINGTON BANCSHARE	$2,028,000	–	224,500	–	0.41%	–
D	New	DOMINION ENERGY INC	$2,013,000	–	24,800	–	0.41%	–
CMS	New	CMS ENERGY CORP	$2,004,000	–	34,300	–	0.41%	–
WFC	New	WELLS FARGO CO NEW	$1,907,000	–	74,500	–	0.39%	–
NUE	New	NUCOR CORP	$1,781,000	–	43,000	–	0.36%	–
OKE	New	ONEOK INC NEW	$1,518,000	–	45,700	–	0.31%	–
NJR	New	NEW JERSEY RES	$1,482,000	–	45,400	–	0.30%	–
WRK	New	WESTROCK CO	$1,456,000	–	51,535	–	0.30%	–
POR	New	PORTLAND GEN ELEC CO	$1,380,000	–	33,000	–	0.28%	–
CLX	New	CLOROX CO DEL	$1,097,000	–	5,000	–	0.22%	–
MSFT	New	MICROSOFT CORP	$1,018,000	–	5,000	–	0.21%	–
PFF	New	ISHARES TRpfd and incm sec	$955,000	–	27,558	–	0.19%	–
GPC	New	GENUINE PARTS CO	$913,000	–	10,500	–	0.18%	–
CTVA	New	CORTEVA INC	$822,000	–	30,666	–	0.17%	–
LMT	New	LOCKHEED MARTIN CORP	$730,000	–	2,000	–	0.15%	–
SJI	New	SOUTH JERSEY INDS IN	$675,000	–	27,000	–	0.14%	–
VLO	New	VALERO ENERGY CORP	$424,000	–	7,200	–	0.09%	–
MET	New	METLIFE INC	$0	–	10	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
DIS	Exit	The Walt Disney Co.	$0	–	-200	–	-0.01%	–
MTB	Exit	M&T Bank Corp.	$0	–	-175	–	-0.01%	–
OGE	Exit	OGE Energy Corp.	$0	–	-800	–	-0.01%	–
ABT	Exit	Abbott Laboratories	$0	–	-400	–	-0.01%	–
BUD	Exit	Anheuser-Busch INBEV	$0	–	-400	–	-0.01%	–
ORCL	Exit	Oracle Corp.	$0	–	-700	–	-0.01%	–
AZN	Exit	Astrazeneca PLC	$0	–	-900	–	-0.01%	–
CINF	Exit	Cincinnati Financial Corp.	$0	–	-400	–	-0.01%	–
V	Exit	Visa Inc.	$0	–	-400	–	-0.01%	–
ZTS	Exit	Zoetis Inc.	$0	–	-600	–	-0.01%	–
DLR	Exit	Digital Realty Trust Inc.reit	$0	–	-817	–	-0.02%	–
VLO	Exit	Valero Energy Corp.	$0	–	-7,000	–	-0.10%	–
CLX	Exit	Clorox Co.	$0	–	-5,000	–	-0.13%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-2,000	–	-0.14%	–
USMV	Exit	ISharesedge msci min vol usa etf	$0	–	-12,225	–	-0.14%	–
MSFT	Exit	Microsoft Corp.	$0	–	-5,850	–	-0.14%	–
CTVA	Exit	Corteva Inc.	$0	–	-30,666	–	-0.15%	–
PFF	Exit	ISharesu.s. preferred stock etf	$0	–	-27,558	–	-0.18%	–
EMR	Exit	Emerson Electric Co.	$0	–	-16,000	–	-0.19%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-29,200	–	-0.21%	–
MMM	Exit	3M Company	$0	–	-8,000	–	-0.23%	–
MO	Exit	Altria Group Inc.	$0	–	-35,000	–	-0.25%	–
DOW	Exit	Dow Inc.	$0	–	-30,666	–	-0.25%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-18,000	–	-0.26%	–
POR	Exit	Portland General Electric Co.	$0	–	-33,000	–	-0.32%	–
ETR	Exit	Entergy Corp.	$0	–	-16,000	–	-0.33%	–
DD	Exit	Dupont de Nemours Inc.	$0	–	-30,666	–	-0.38%	–
CMS	Exit	CMS Energy Corp.	$0	–	-34,300	–	-0.38%	–
NUE	Exit	Nucor Corp.	$0	–	-43,000	–	-0.38%	–
BLK	Exit	Blackrock Inc.	$0	–	-5,000	–	-0.39%	–
WMB	Exit	Williams Companies Inc.	$0	–	-100,000	–	-0.42%	–
NTRS	Exit	Northern Trust Corp.	$0	–	-26,000	–	-0.42%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-40,200	–	-0.42%	–
PPL	Exit	PPL Corp.	$0	–	-81,142	–	-0.44%	–
HUN	Exit	Huntsman Corp.	$0	–	-112,400	–	-0.45%	–
BK	Exit	Bank of New York Mellon	$0	–	-58,993	–	-0.46%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-55,700	–	-0.49%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-40,500	–	-0.50%	–
EMN	Exit	Eastman Chemical Co.	$0	–	-38,900	–	-0.50%	–
IP	Exit	International Paper Co.	$0	–	-69,100	–	-0.50%	–
RF	Exit	Regions Financial Corp.	$0	–	-183,941	–	-0.51%	–
KSS	Exit	Kohl's Corp.	$0	–	-60,000	–	-0.52%	–
AAPL	Exit	Apple Inc.	$0	–	-13,500	–	-0.53%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-113,900	–	-0.54%	–
CFG	Exit	Citizens Financial Group	$0	–	-88,400	–	-0.54%	–
MCD	Exit	McDonald's Corp.	$0	–	-14,600	–	-0.54%	–
NI	Exit	Nisource Inc.	$0	–	-106,795	–	-0.56%	–
HBAN	Exit	Huntington Bancshares	$0	–	-224,500	–	-0.56%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-42,500	–	-0.56%	–
STT	Exit	State Street Corp.	$0	–	-54,900	–	-0.56%	–
EXC	Exit	Exelon Corp.	$0	–	-68,800	–	-0.58%	–
CMCSA	Exit	Comcast Corp.	$0	–	-75,000	–	-0.59%	–
USB	Exit	US Bancorp	$0	–	-62,000	–	-0.60%	–
PSX	Exit	Phillips 66	$0	–	-33,489	–	-0.60%	–
HAS	Exit	Hasbro Inc.	$0	–	-29,400	–	-0.61%	–
CVS	Exit	CVS Health Corp.	$0	–	-56,900	–	-0.62%	–
K	Exit	Kellogg Co.	$0	–	-56,000	–	-0.63%	–
D	Exit	Dominion Energy Inc.	$0	–	-44,800	–	-0.63%	–
OKE	Exit	Oneok Inc.	$0	–	-50,750	–	-0.65%	–
GM	Exit	General Motors Co.	$0	–	-101,552	–	-0.66%	–
DUK	Exit	Duke Energy Corp.	$0	–	-40,200	–	-0.67%	–
CVX	Exit	Chevron Corp.	$0	–	-32,500	–	-0.67%	–
UPS	Exit	United Parcel Service	$0	–	-32,300	–	-0.67%	–
WFC	Exit	Wells Fargo & Company	$0	–	-80,000	–	-0.70%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-34,250	–	-0.70%	–
PRU	Exit	Prudential Financial	$0	–	-48,050	–	-0.75%	–
SYY	Exit	Sysco Corp.	$0	–	-55,000	–	-0.76%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-154,693	–	-0.81%	–
JNJ	Exit	Johnson & Johnson	$0	–	-37,300	–	-0.84%	–
EVRG	Exit	Evergy Inc.	$0	–	-73,094	–	-0.85%	–
AMGN	Exit	Amgen Inc.	$0	–	-25,600	–	-0.86%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-35,000	–	-0.86%	–
ABBV	Exit	AbbVie Inc.	$0	–	-66,900	–	-0.88%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-40,900	–	-0.88%	–
PFE	Exit	Pfizer Inc.	$0	–	-148,500	–	-0.93%	–
PNW	Exit	Pinnacle West Capital	$0	–	-55,550	–	-0.94%	–
ES	Exit	Eversource Energy	$0	–	-64,000	–	-0.95%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-58,900	–	-0.95%	–
WMT	Exit	Walmart Inc.	$0	–	-47,300	–	-0.98%	–
WM	Exit	Waste Management Inc.	$0	–	-49,050	–	-0.98%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-95,000	–	-1.00%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-106,778	–	-1.00%	–
BBT	Exit	Branch Bank & Trust	$0	–	-108,100	–	-1.00%	–
INTC	Exit	Intel Corp.	$0	–	-112,850	–	-1.01%	–
AEE	Exit	Ameren Corp.	$0	–	-74,165	–	-1.03%	–
T	Exit	AT&T Inc.	$0	–	-158,000	–	-1.04%	–
DTE	Exit	DTE Energy Co.	$0	–	-45,740	–	-1.06%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-98,400	–	-1.06%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-64,450	–	-1.07%	–
PEP	Exit	PepsiCo Inc.	$0	–	-45,000	–	-1.07%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-73,650	–	-1.08%	–
TGT	Exit	Target Corp.	$0	–	-60,000	–	-1.12%	–
KO	Exit	Coca Cola Co.	$0	–	-121,800	–	-1.15%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-137,600	–	-1.18%	–
PAYX	Exit	Paychex Inc.	$0	–	-85,250	–	-1.23%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-32,800	–	-1.26%	–
AEP	Exit	American Electric Power Co.	$0	–	-77,800	–	-1.27%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-32,500	–	-1.32%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-120,709	–	-1.36%	–
SCHD	Exit	Schwabus dividend etf	$0	–	-233,300	–	-2.22%	–
VYM	Exit	Vanguardhigh dvd yield etf	$0	–	-275,192	–	-4.24%	–
ICSH	Exit	ISharesultra short-term bond etf	$0	–	-500,000	–	-4.38%	–
VEA	Exit	Vanguardftse dev. market etf	$0	–	-1,473,900	–	-10.53%	–
VTI	Exit	Vanguardtotal stock market index etf	$0	–	-756,180	–	-19.85%	–

Q3 2019

			Value		Shares		↓ Weighting
VTI	Buy	Vanguardtotal stock market index etf	$114,183,000	+3.1%	756,180	+2.5%	19.85%	-4.8%
VEA	Buy	Vanguardftse dev. market etf	$60,548,000	-0.5%	1,473,900	+1.0%	10.53%	-8.1%
ICSH	New	ISharesultra short-term bond etf	$25,195,000	–	500,000	–	4.38%	–
SCHD	Buy	Schwabus dividend etf	$12,780,000	+5.9%	233,300	+2.5%	2.22%	-2.2%
NEE	Sell	Nextera Energy Inc.	$7,572,000	+5.6%	32,500	-7.1%	1.32%	-2.5%
AEP	Buy	American Electric Power Co.	$7,289,000	+6.7%	77,800	+0.3%	1.27%	-1.5%
PAYX	Buy	Paychex Inc.	$7,056,000	+1.2%	85,250	+0.6%	1.23%	-6.5%
CSCO	Buy	Cisco Systems Inc.	$6,799,000	-8.7%	137,600	+1.2%	1.18%	-15.6%
KO	Buy	Coca Cola Co.	$6,631,000	+7.6%	121,800	+0.7%	1.15%	-0.6%
MRK	Sell	Merck & Co. Inc.	$6,200,000	-5.7%	73,650	-6.1%	1.08%	-12.9%
PEP	Sell	PepsiCo Inc.	$6,170,000	+0.1%	45,000	-4.3%	1.07%	-7.5%
WEC	Buy	WEC Energy Group Inc.	$6,129,000	+14.7%	64,450	+0.5%	1.07%	+6.0%
DTE	Sell	DTE Energy Co.	$6,082,000	-2.4%	45,740	-6.2%	1.06%	-9.9%
INTC	Buy	Intel Corp.	$5,815,000	+8.6%	112,850	+0.9%	1.01%	+0.3%
WM	Buy	Waste Management Inc.	$5,641,000	+1.0%	49,050	+1.3%	0.98%	-6.7%
WMT	Buy	Walmart Inc.	$5,614,000	+8.1%	47,300	+0.6%	0.98%	-0.2%
PNW	Buy	Pinnacle West Capital	$5,392,000	+3.8%	55,550	+0.6%	0.94%	-4.2%
PFE	Buy	Pfizer Inc.	$5,336,000	-6.7%	148,500	+12.5%	0.93%	-13.8%
CNP	Buy	CenterPoint Energy Inc.	$4,669,000	+12.7%	154,693	+6.9%	0.81%	+4.1%
PRU	Buy	Prudential Financial	$4,322,000	-3.4%	48,050	+8.5%	0.75%	-10.8%
JPM	Buy	JP Morgan Chase & Co.	$4,031,000	+6.8%	34,250	+1.5%	0.70%	-1.3%
DUK	Sell	Duke Energy Corp.	$3,854,000	-13.0%	40,200	-19.9%	0.67%	-19.7%
GM	Buy	General Motors Co.	$3,806,000	+11.6%	101,552	+14.7%	0.66%	+3.1%
OKE	Buy	Oneok Inc.	$3,740,000	+8.3%	50,750	+1.1%	0.65%	0.0%
CMCSA	Buy	Comcast Corp.	$3,381,000	+17.6%	75,000	+10.3%	0.59%	+8.7%
EXC	Buy	Exelon Corp.	$3,324,000	+23.8%	68,800	+22.9%	0.58%	+14.5%
KSS	Buy	Kohl's Corp.	$2,980,000	+30.6%	60,000	+25.0%	0.52%	+20.5%
EMN	Buy	Eastman Chemical Co.	$2,872,000	+41.9%	38,900	+49.6%	0.50%	+31.0%
XOM	Buy	Exxon Mobil Corp.	$2,860,000	-7.2%	40,500	+0.7%	0.50%	-14.3%
BK	Buy	Bank of New York Mellon	$2,667,000	+16.2%	58,993	+13.5%	0.46%	+7.4%
NTRS	Buy	Northern Trust Corp.	$2,426,000	+18.7%	26,000	+14.5%	0.42%	+9.6%
WMB	Buy	Williams Companies Inc.	$2,406,000	-4.7%	100,000	+11.1%	0.42%	-12.0%
BLK	Buy	Blackrock Inc.	$2,228,000	+216.5%	5,000	+233.3%	0.39%	+191.0%
POR	Sell	Portland General Electric Co.	$1,860,000	-22.9%	33,000	-25.8%	0.32%	-28.9%
ETN	Sell	Eaton Corp. PLC	$1,497,000	-28.7%	18,000	-28.6%	0.26%	-34.2%
MMM	Sell	3M Company	$1,315,000	-70.2%	8,000	-68.6%	0.23%	-72.5%
LEG	Sell	Leggett & Platt Inc.	$1,195,000	-36.7%	29,200	-40.7%	0.21%	-41.4%
PFF	New	ISharesu.s. preferred stock etf	$1,035,000	–	27,558	–	0.18%	–
MSFT	Buy	Microsoft Corp.	$813,000	+21.3%	5,850	+17.0%	0.14%	+11.9%
USMV	New	ISharesedge msci min vol usa etf	$784,000	–	12,225	–	0.14%	–
VLO	New	Valero Energy Corp.	$597,000	–	7,000	–	0.10%	–
DLR	New	Digital Realty Trust Inc.reit	$106,000	–	817	–	0.02%	–
ZTS	New	Zoetis Inc.	$75,000	–	600	–	0.01%	–
V	New	Visa Inc.	$69,000	–	400	–	0.01%	–
CINF	New	Cincinnati Financial Corp.	$47,000	–	400	–	0.01%	–
ORCL	New	Oracle Corp.	$39,000	–	700	–	0.01%	–
AZN	New	Astrazeneca PLC	$40,000	–	900	–	0.01%	–
BUD	New	Anheuser-Busch INBEV	$38,000	–	400	–	0.01%	–
OGE	New	OGE Energy Corp.	$36,000	–	800	–	0.01%	–
ABT	New	Abbott Laboratories	$33,000	–	400	–	0.01%	–
MTB	New	M&T Bank Corp.	$28,000	–	175	–	0.01%	–
DIS	New	The Walt Disney Co.	$26,000	–	200	–	0.01%	–
HDV	Exit	ISharesu.s. preferred stock etf	$0	–	-27,558	–	-0.19%	–
KHC	Exit	The Kraft Heinz Co.	$0	–	-38,000	–	-0.22%	–

Q2 2019

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stock market index etf	$110,751,000	–	737,900	–	20.85%	–
VEA	New	Vanguardftse dev. market etf	$60,851,000	–	1,458,900	–	11.46%	–
VYM	New	Vanguardhigh dvd yield etf	$24,046,000	–	275,192	–	4.53%	–
SCHD	New	Schwabus dividend etf	$12,073,000	–	227,500	–	2.27%	–
CSCO	New	Cisco Systems Inc.	$7,443,000	–	136,000	–	1.40%	–
APD	New	Air Products & Chemicals Inc.	$7,425,000	–	32,800	–	1.40%	–
XEL	New	Xcel Energy Inc.	$7,181,000	–	120,709	–	1.35%	–
NEE	New	Nextera Energy Inc.	$7,170,000	–	35,000	–	1.35%	–
PAYX	New	Paychex Inc.	$6,970,000	–	84,700	–	1.31%	–
AEP	New	American Electric Power Co.	$6,830,000	–	77,600	–	1.29%	–
MRK	New	Merck & Co. Inc.	$6,574,000	–	78,400	–	1.24%	–
DTE	New	DTE Energy Co.	$6,233,000	–	48,740	–	1.17%	–
PEP	New	PepsiCo Inc.	$6,163,000	–	47,000	–	1.16%	–
KO	New	Coca Cola Co.	$6,161,000	–	121,000	–	1.16%	–
PEG	New	Public Svc Enterprise Group	$5,788,000	–	98,400	–	1.09%	–
PFE	New	Pfizer Inc.	$5,718,000	–	132,000	–	1.08%	–
WM	New	Waste Management Inc.	$5,584,000	–	48,400	–	1.05%	–
AEE	New	Ameren Corp.	$5,571,000	–	74,165	–	1.05%	–
VZ	New	Verizon Comm. Inc.	$5,427,000	–	95,000	–	1.02%	–
INTC	New	Intel Corp.	$5,354,000	–	111,850	–	1.01%	–
WEC	New	WEC Energy Group Inc.	$5,344,000	–	64,100	–	1.01%	–
BBT	New	Branch Bank & Trust	$5,311,000	–	108,100	–	1.00%	–
T	New	AT&T Inc.	$5,295,000	–	158,000	–	1.00%	–
LNT	New	Alliant Energy Corp.	$5,241,000	–	106,778	–	0.99%	–
WMT	New	Walmart Inc.	$5,193,000	–	47,000	–	0.98%	–
PNW	New	Pinnacle West Capital	$5,194,000	–	55,200	–	0.98%	–
TGT	New	Target Corp.	$5,197,000	–	60,000	–	0.98%	–
JNJ	New	Johnson & Johnson	$5,195,000	–	37,300	–	0.98%	–
MCHP	New	Microchip Technology Inc.	$5,107,000	–	58,900	–	0.96%	–
ABBV	New	AbbVie Inc.	$4,865,000	–	66,900	–	0.92%	–
ES	New	Eversource Energy	$4,849,000	–	64,000	–	0.91%	–
AMGN	New	Amgen Inc.	$4,718,000	–	25,600	–	0.89%	–
KMB	New	Kimberly-Clark Corp.	$4,665,000	–	35,000	–	0.88%	–
PG	New	Proctor & Gamble Co.	$4,485,000	–	40,900	–	0.84%	–
PRU	New	Prudential Financial	$4,474,000	–	44,300	–	0.84%	–
DUK	New	Duke Energy Corp.	$4,430,000	–	50,200	–	0.83%	–
MMM	New	3M Company	$4,420,000	–	25,500	–	0.83%	–
EVRG	New	Evergy Inc.	$4,397,000	–	73,094	–	0.83%	–
CNP	New	CenterPoint Energy Inc.	$4,143,000	–	144,693	–	0.78%	–
CVX	New	Chevron Corp.	$4,044,000	–	32,500	–	0.76%	–
SYY	New	Sysco Corp.	$3,890,000	–	55,000	–	0.73%	–
WFC	New	Wells Fargo & Company	$3,786,000	–	80,000	–	0.71%	–
JPM	New	JP Morgan Chase & Co.	$3,773,000	–	33,750	–	0.71%	–
D	New	Dominion Energy Inc.	$3,464,000	–	44,800	–	0.65%	–
OKE	New	Oneok Inc.	$3,454,000	–	50,200	–	0.65%	–
GM	New	General Motors Co.	$3,410,000	–	88,500	–	0.64%	–
PM	New	Philip Morris Int'l, Inc.	$3,338,000	–	42,500	–	0.63%	–
UPS	New	United Parcel Service	$3,336,000	–	32,300	–	0.63%	–
USB	New	US Bancorp	$3,249,000	–	62,000	–	0.61%	–
FITB	New	Fifth Third Bancorp	$3,178,000	–	113,900	–	0.60%	–
PSX	New	Phillips 66	$3,133,000	–	33,489	–	0.59%	–
CFG	New	Citizens Financial Group	$3,126,000	–	88,400	–	0.59%	–
HAS	New	Hasbro Inc.	$3,107,000	–	29,400	–	0.58%	–
HBAN	New	Huntington Bancshares	$3,103,000	–	224,500	–	0.58%	–
CVS	New	CVS Health Corp.	$3,100,000	–	56,900	–	0.58%	–
XOM	New	Exxon Mobil Corp.	$3,081,000	–	40,200	–	0.58%	–
NI	New	Nisource Inc.	$3,076,000	–	106,795	–	0.58%	–
STT	New	State Street Corp.	$3,078,000	–	54,900	–	0.58%	–
MCD	New	McDonald's Corp.	$3,032,000	–	14,600	–	0.57%	–
K	New	Kellogg Co.	$3,000,000	–	56,000	–	0.56%	–
IP	New	International Paper Co.	$2,993,000	–	69,100	–	0.56%	–
CMCSA	New	Comcast Corp.	$2,875,000	–	68,000	–	0.54%	–
RF	New	Regions Financial Corp.	$2,748,000	–	183,941	–	0.52%	–
EXC	New	Exelon Corp.	$2,685,000	–	56,000	–	0.50%	–
AAPL	New	Apple Inc.	$2,672,000	–	13,500	–	0.50%	–
BMY	New	Bristol-Myers Squibb Co.	$2,526,000	–	55,700	–	0.48%	–
WMB	New	Williams Companies Inc.	$2,524,000	–	90,000	–	0.48%	–
PPL	New	PPL Corp.	$2,516,000	–	81,142	–	0.47%	–
POR	New	Portland General Electric Co.	$2,411,000	–	44,500	–	0.45%	–
NUE	New	Nucor Corp.	$2,369,000	–	43,000	–	0.45%	–
DD	New	Dupont de Nemours Inc.	$2,302,000	–	30,666	–	0.43%	–
BK	New	Bank of New York Mellon	$2,295,000	–	51,993	–	0.43%	–
HUN	New	Huntsman Corp.	$2,297,000	–	112,400	–	0.43%	–
KSS	New	Kohl's Corp.	$2,282,000	–	48,000	–	0.43%	–
MPC	New	Marathon Petroleum Corp.	$2,246,000	–	40,200	–	0.42%	–
ETN	New	Eaton Corp. PLC	$2,100,000	–	25,200	–	0.40%	–
NTRS	New	Northern Trust Corp.	$2,043,000	–	22,700	–	0.38%	–
EMN	New	Eastman Chemical Co.	$2,024,000	–	26,000	–	0.38%	–
CMS	New	CMS Energy Corp.	$1,986,000	–	34,300	–	0.37%	–
LEG	New	Leggett & Platt Inc.	$1,888,000	–	49,200	–	0.36%	–
MO	New	Altria Group Inc.	$1,657,000	–	35,000	–	0.31%	–
ETR	New	Entergy Corp.	$1,647,000	–	16,000	–	0.31%	–
DOW	New	Dow Inc.	$1,512,000	–	30,666	–	0.28%	–
KHC	New	The Kraft Heinz Co.	$1,180,000	–	38,000	–	0.22%	–
EMR	New	Emerson Electric Co.	$1,068,000	–	16,000	–	0.20%	–
HDV	New	ISharesu.s. preferred stock etf	$1,016,000	–	27,558	–	0.19%	–
CTVA	New	Corteva Inc.	$907,000	–	30,666	–	0.17%	–
CLX	New	Clorox Co.	$766,000	–	5,000	–	0.14%	–
LMT	New	Lockheed Martin Corp.	$727,000	–	2,000	–	0.14%	–
BLK	New	Blackrock Inc.	$704,000	–	1,500	–	0.13%	–
MSFT	New	Microsoft Corp.	$670,000	–	5,000	–	0.13%	–
MET	New	Metlife Inc.	$0	–	10	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
KDP	Exit	Keurig Dr Pepper Inc.	$0	–	-12,000	–	-0.05%	–
MSFT	Exit	Microsoft Corp.	$0	–	-5,000	–	-0.10%	–
PFF	Exit	ISharess&p us pfd stk	$0	–	-18,007	–	-0.12%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-2,000	–	-0.12%	–
CLX	Exit	Clorox Co.	$0	–	-5,000	–	-0.13%	–
NUE	Exit	Nucor Corp.	$0	–	-13,800	–	-0.15%	–
CMCSA	Exit	Comcast Corp.	$0	–	-25,500	–	-0.16%	–
RF	Exit	Regions Financial Corp.	$0	–	-53,000	–	-0.17%	–
EMR	Exit	Emerson Electric Co.	$0	–	-16,000	–	-0.21%	–
ETR	Exit	Entergy Corp.	$0	–	-16,000	–	-0.23%	–
CMS	Exit	CMS Energy Corp.	$0	–	-34,300	–	-0.29%	–
CMI	Exit	Cummins Inc.	$0	–	-12,200	–	-0.31%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-21,200	–	-0.32%	–
MO	Exit	Altria Group Inc.	$0	–	-35,000	–	-0.37%	–
SRE	Exit	Sempra Energy	$0	–	-18,750	–	-0.37%	–
OGE	Exit	OGE Energy Corp.	$0	–	-62,500	–	-0.40%	–
OKE	Exit	Oneok Inc.	$0	–	-36,000	–	-0.42%	–
MCD	Exit	McDonald's Corp.	$0	–	-14,600	–	-0.42%	–
EXC	Exit	Exelon Corp.	$0	–	-56,000	–	-0.42%	–
SJI	Exit	South Jersey Industries	$0	–	-70,000	–	-0.43%	–
CFG	Exit	Citizens Financial Group	$0	–	-64,000	–	-0.43%	–
MPC	Exit	Marathon Petroleum Corp.	$0	–	-31,200	–	-0.43%	–
NI	Exit	Nisource Inc.	$0	–	-106,795	–	-0.46%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-61,200	–	-0.47%	–
HAS	Exit	Hasbro Inc.	$0	–	-25,900	–	-0.47%	–
JPM	Exit	JP Morgan Chase & Co.	$0	–	-25,300	–	-0.50%	–
GM	Exit	General Motors Co.	$0	–	-88,500	–	-0.52%	–
IP	Exit	International Paper Co.	$0	–	-62,000	–	-0.53%	–
HBAN	Exit	Huntington Bancshares	$0	–	-204,500	–	-0.53%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-36,000	–	-0.53%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-113,900	–	-0.55%	–
USB	Exit	US Bancorp	$0	–	-62,000	–	-0.57%	–
POR	Exit	Portland General Electric Co.	$0	–	-72,000	–	-0.57%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-55,700	–	-0.60%	–
GIS	Exit	General Mills Inc.	$0	–	-83,700	–	-0.62%	–
KHC	Exit	The Kraft Heinz Co.	$0	–	-66,500	–	-0.64%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-46,100	–	-0.65%	–
CVS	Exit	CVS Health Corp.	$0	–	-48,900	–	-0.67%	–
SR	Exit	Spire Inc.	$0	–	-52,400	–	-0.67%	–
K	Exit	Kellogg Co.	$0	–	-56,000	–	-0.68%	–
ES	Exit	Eversource Energy	$0	–	-64,000	–	-0.68%	–
CVX	Exit	Chevron Corp.	$0	–	-32,500	–	-0.69%	–
SYY	Exit	Sysco Corp.	$0	–	-55,000	–	-0.70%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-147,600	–	-0.71%	–
PPL	Exit	PPL Corp.	$0	–	-141,142	–	-0.72%	–
WFC	Exit	Wells Fargo & Company	$0	–	-80,000	–	-0.73%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-64,100	–	-0.74%	–
EVRG	Exit	Evergy Inc.	$0	–	-78,294	–	-0.75%	–
WM	Exit	Waste Management Inc.	$0	–	-48,400	–	-0.76%	–
WMT	Exit	Walmart Stores Inc.	$0	–	-47,000	–	-0.77%	–
PNW	Exit	Pinnacle West Capital	$0	–	-56,900	–	-0.78%	–
BBT	Exit	Branch Bank & Trust	$0	–	-102,100	–	-0.86%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-116,778	–	-0.86%	–
AEE	Exit	Ameren Corp.	$0	–	-79,165	–	-0.87%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-98,400	–	-0.90%	–
PRU	Exit	Prudential Financial	$0	–	-51,300	–	-0.90%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-62,900	–	-0.91%	–
T	Exit	AT&T Inc.	$0	–	-158,000	–	-0.92%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-67,400	–	-0.92%	–
DTE	Exit	DTE Energy Co.	$0	–	-48,740	–	-0.92%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-78,400	–	-0.97%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-105,000	–	-0.98%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-50,000	–	-0.99%	–
D	Exit	Dominion Resources Inc.	$0	–	-81,900	–	-1.00%	–
AEP	Exit	American Electric Power Co.	$0	–	-82,600	–	-1.02%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-35,000	–	-1.02%	–
INTC	Exit	Intel Corp.	$0	–	-124,350	–	-1.02%	–
KO	Exit	Coca Cola Co.	$0	–	-128,000	–	-1.03%	–
DWDP	Exit	DowDupont Inc.	$0	–	-92,000	–	-1.03%	–
DUK	Exit	Duke Energy Corp.	$0	–	-74,200	–	-1.03%	–
AMGN	Exit	Amgen Inc.	$0	–	-29,600	–	-1.07%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-36,800	–	-1.07%	–
PEP	Exit	PepsiCo Inc.	$0	–	-55,000	–	-1.07%	–
PFE	Exit	Pfizer Inc.	$0	–	-140,000	–	-1.07%	–
MMM	Exit	3M Company	$0	–	-29,500	–	-1.08%	–
ABBV	Exit	AbbVie Inc.	$0	–	-66,900	–	-1.10%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-134,709	–	-1.11%	–
PAYX	Exit	Paychex Inc.	$0	–	-89,700	–	-1.15%	–
TGT	Exit	Target Corp.	$0	–	-75,000	–	-1.15%	–
JNJ	Exit	Johnson & Johnson	$0	–	-49,300	–	-1.18%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-142,900	–	-1.21%	–
HDV	Exit	ISharescore high dv etf	$0	–	-194,200	–	-3.06%	–
VYM	Exit	Vanguardhigh div yld	$0	–	-271,106	–	-4.10%	–
SCHD	Exit	Schwabus dividend eq	$0	–	-472,300	–	-4.35%	–
VEA	Exit	Vanguardftse dev mkt etf	$0	–	-1,690,700	–	-12.72%	–
VTI	Exit	Vanguardtotal stk mkt	$0	–	-807,400	–	-21.01%	–

Q3 2018

			Value		Shares		↓ Weighting
VEA	Buy	Vanguardftse dev mkt etf	$73,157,000	+5.3%	1,690,700	+4.4%	12.72%	+1.1%
VYM	Buy	Vanguardhigh div yld	$23,611,000	+6.0%	271,106	+1.1%	4.10%	+1.7%
JNJ	Sell	Johnson & Johnson	$6,812,000	+12.7%	49,300	-1.0%	1.18%	+8.1%
PFE	Sell	Pfizer Inc.	$6,170,000	-5.5%	140,000	-22.2%	1.07%	-9.3%
PEP	Sell	PepsiCo Inc.	$6,149,000	-2.6%	55,000	-5.2%	1.07%	-6.6%
INTC	Buy	Intel Corp.	$5,881,000	+12.0%	124,350	+17.8%	1.02%	+7.6%
MRK	Sell	Merck & Co. Inc.	$5,562,000	-6.9%	78,400	-20.3%	0.97%	-10.6%
WFC	Sell	Wells Fargo & Company	$4,205,000	-21.8%	80,000	-17.5%	0.73%	-24.9%
CNP	Buy	CenterPoint Energy Inc.	$4,081,000	+7.8%	147,600	+8.1%	0.71%	+3.5%
CVX	Buy	Chevron Corp.	$3,974,000	+151.5%	32,500	+160.0%	0.69%	+141.6%
ES	Sell	Eversource Energy	$3,932,000	-15.6%	64,000	-19.5%	0.68%	-19.0%
POR	Sell	Portland General Electric Co.	$3,284,000	-19.3%	72,000	-24.4%	0.57%	-22.5%
FITB	Buy	Fifth Third Bancorp	$3,180,000	+18.0%	113,900	+21.3%	0.55%	+13.3%
HBAN	Buy	Huntington Bancshares	$3,051,000	+12.0%	204,500	+10.8%	0.53%	+7.7%
IP	Buy	International Paper Co.	$3,047,000	+54.0%	62,000	+63.2%	0.53%	+47.6%
GM	Buy	General Motors Co.	$2,980,000	+0.8%	88,500	+18.0%	0.52%	-3.2%
JPM	Buy	JP Morgan Chase & Co.	$2,855,000	+21.7%	25,300	+12.4%	0.50%	+16.7%
MPC	Buy	Marathon Petroleum Corp.	$2,495,000	+48.2%	31,200	+30.0%	0.43%	+42.3%
CFG	Buy	Citizens Financial Group	$2,468,000	+86.5%	64,000	+88.2%	0.43%	+78.8%
CMCSA	New	Comcast Corp.	$903,000	–	25,500	–	0.16%	–
NUE	New	Nucor Corp.	$876,000	–	13,800	–	0.15%	–
PFF	Buy	ISharess&p us pfd stk	$669,000	+57.0%	18,007	+59.5%	0.12%	+50.6%
KDP	New	Keurig Dr Pepper Inc.	$278,000	–	12,000	–	0.05%	–
BTI	Exit	British American Tobacco PLC	$0	–	-2	–	0.00%	–
F	Exit	Ford Motor Co.	$0	–	-50,000	–	-0.10%	–
NJR	Exit	Lyondellbasell Ind Nv	$0	–	-8,000	–	-0.16%	–
PF	Exit	Pinnacle Foods Finance Inc.	$0	–	-15,000	–	-0.18%	–
VVC	Exit	Vectren Corp.	$0	–	-15,600	–	-0.20%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-12,000	–	-0.26%	–
NWL	Exit	Newell Brands Inc.	$0	–	-62,900	–	-0.29%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-24,001	–	-0.34%	–

Q2 2018

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stock market index etf	$113,383,000	–	807,400	–	20.54%	–
VEA	New	Vanguardftse dev. market etf	$69,442,000	–	1,618,700	–	12.58%	–
SCHD	New	Schwabus dividend etf	$23,280,000	–	472,300	–	4.22%	–
VYM	New	Vanguardhigh dvd yield etf	$22,273,000	–	268,187	–	4.04%	–
HDV	New	ISharescore high dividend etf	$16,505,000	–	194,200	–	2.99%	–
PFE	New	Pfizer Inc.	$6,530,000	–	180,000	–	1.18%	–
PEP	New	PepsiCo Inc.	$6,314,000	–	58,000	–	1.14%	–
ABBV	New	AbbVie Inc.	$6,198,000	–	66,900	–	1.12%	–
XEL	New	Xcel Energy Inc.	$6,154,000	–	134,709	–	1.12%	–
CSCO	New	Cisco Systems Inc.	$6,149,000	–	142,900	–	1.11%	–
PAYX	New	Paychex Inc.	$6,131,000	–	89,700	–	1.11%	–
MCHP	New	Microchip Technology Inc.	$6,130,000	–	67,400	–	1.11%	–
DWDP	New	DowDupont Inc.	$6,065,000	–	92,000	–	1.10%	–
JNJ	New	Johnson & Johnson	$6,043,000	–	49,800	–	1.10%	–
MRK	New	Merck & Co. Inc.	$5,973,000	–	98,400	–	1.08%	–
DUK	New	Duke Energy Corp.	$5,868,000	–	74,200	–	1.06%	–
NEE	New	Nextera Energy Inc.	$5,846,000	–	35,000	–	1.06%	–
MMM	New	3M Company	$5,803,000	–	29,500	–	1.05%	–
APD	New	Air Products & Chemicals Inc.	$5,731,000	–	36,800	–	1.04%	–
AEP	New	American Electric Power Co.	$5,720,000	–	82,600	–	1.04%	–
TGT	New	Target Corp.	$5,709,000	–	75,000	–	1.03%	–
KO	New	Coca Cola Co.	$5,614,000	–	128,000	–	1.02%	–
D	New	Dominion Resources Inc.	$5,584,000	–	81,900	–	1.01%	–
AMGN	New	Amgen Inc.	$5,464,000	–	29,600	–	0.99%	–
WFC	New	Wells Fargo & Company	$5,378,000	–	97,000	–	0.97%	–
PEG	New	Public Svc Enterprise Group	$5,327,000	–	98,400	–	0.96%	–
VZ	New	Verizon Comm. Inc.	$5,283,000	–	105,000	–	0.96%	–
KMB	New	Kimberly-Clark Corp.	$5,267,000	–	50,000	–	0.95%	–
INTC	New	Intel Corp.	$5,249,000	–	105,600	–	0.95%	–
BBT	New	Branch Bank & Trust	$5,150,000	–	102,100	–	0.93%	–
T	New	AT&T Inc.	$5,073,000	–	158,000	–	0.92%	–
DTE	New	DTE Energy Co.	$5,051,000	–	48,740	–	0.92%	–
LNT	New	Alliant Energy Corp.	$4,942,000	–	116,778	–	0.90%	–
PG	New	Proctor & Gamble Co.	$4,910,000	–	62,900	–	0.89%	–
AEE	New	Ameren Corp.	$4,817,000	–	79,165	–	0.87%	–
PRU	New	Prudential Financial	$4,797,000	–	51,300	–	0.87%	–
ES	New	Eversource Energy	$4,659,000	–	79,500	–	0.84%	–
PNW	New	Pinnacle West Capital	$4,584,000	–	56,900	–	0.83%	–
EVRG	New	Evergy Inc.	$4,396,000	–	78,294	–	0.80%	–
KHC	New	The Kraft Heinz Co.	$4,178,000	–	66,500	–	0.76%	–
WEC	New	WEC Energy Group Inc.	$4,144,000	–	64,100	–	0.75%	–
POR	New	Portland General Electric Co.	$4,071,000	–	95,200	–	0.74%	–
PPL	New	PPL Corp.	$4,030,000	–	141,142	–	0.73%	–
WMT	New	Walmart Stores Inc.	$4,026,000	–	47,000	–	0.73%	–
WM	New	Waste Management Inc.	$3,937,000	–	48,400	–	0.71%	–
K	New	Kellogg Co.	$3,913,000	–	56,000	–	0.71%	–
CNP	New	CenterPoint Energy Inc.	$3,785,000	–	136,600	–	0.69%	–
SYY	New	Sysco Corp.	$3,756,000	–	55,000	–	0.68%	–
PM	New	Philip Morris Int'l, Inc.	$3,722,000	–	46,100	–	0.67%	–
SR	New	Spire Inc.	$3,702,000	–	52,400	–	0.67%	–
GIS	New	General Mills Inc.	$3,705,000	–	83,700	–	0.67%	–
CVS	New	CVS Health Corp.	$3,147,000	–	48,900	–	0.57%	–
USB	New	US Bancorp	$3,101,000	–	62,000	–	0.56%	–
BMY	New	Bristol-Myers Squibb Co.	$3,082,000	–	55,700	–	0.56%	–
XOM	New	Exxon Mobil Corp.	$2,978,000	–	36,000	–	0.54%	–
GM	New	General Motors Co.	$2,955,000	–	75,000	–	0.54%	–
NI	New	Nisource Inc.	$2,807,000	–	106,795	–	0.51%	–
LEG	New	Leggett & Platt Inc.	$2,732,000	–	61,200	–	0.50%	–
HBAN	New	Huntington Bancshares	$2,723,000	–	184,500	–	0.49%	–
FITB	New	Fifth Third Bancorp	$2,695,000	–	93,900	–	0.49%	–
OKE	New	Oneok Inc.	$2,514,000	–	36,000	–	0.46%	–
HAS	New	Hasbro Inc.	$2,391,000	–	25,900	–	0.43%	–
EXC	New	Exelon Corp.	$2,386,000	–	56,000	–	0.43%	–
JPM	New	JP Morgan Chase & Co.	$2,345,000	–	22,500	–	0.42%	–
SJI	New	South Jersey Industries	$2,343,000	–	70,000	–	0.42%	–
MCD	New	McDonald's Corp.	$2,288,000	–	14,600	–	0.41%	–
OGE	New	OGE Energy Corp.	$2,201,000	–	62,500	–	0.40%	–
SRE	New	Sempra Energy	$2,177,000	–	18,750	–	0.39%	–
MO	New	Altria Group Inc.	$1,988,000	–	35,000	–	0.36%	–
IP	New	International Paper Co.	$1,979,000	–	38,000	–	0.36%	–
ED	New	Consolidated Edison Inc.	$1,872,000	–	24,001	–	0.34%	–
MPC	New	Marathon Petroleum Corp.	$1,684,000	–	24,000	–	0.30%	–
CMI	New	Cummins Inc.	$1,623,000	–	12,200	–	0.29%	–
CMS	New	CMS Energy Corp.	$1,622,000	–	34,300	–	0.29%	–
NWL	New	Newell Brands Inc.	$1,622,000	–	62,900	–	0.29%	–
ETN	New	Eaton Corp. PLC	$1,585,000	–	21,200	–	0.29%	–
CVX	New	Chevron Corp.	$1,580,000	–	12,500	–	0.29%	–
DPS	New	Dr Pepper Snapple Group	$1,464,000	–	12,000	–	0.26%	–
CFG	New	Citizens Financial Group	$1,323,000	–	34,000	–	0.24%	–
ETR	New	Entergy Corp.	$1,293,000	–	16,000	–	0.23%	–
VVC	New	Vectren Corp.	$1,115,000	–	15,600	–	0.20%	–
EMR	New	Emerson Electric Co.	$1,106,000	–	16,000	–	0.20%	–
PF	New	Pinnacle Foods Finance Inc.	$976,000	–	15,000	–	0.18%	–
RF	New	Regions Financial Corp.	$942,000	–	53,000	–	0.17%	–
NJR	New	Lyondellbasell Ind Nv	$879,000	–	8,000	–	0.16%	–
CLX	New	Clorox Co.	$676,000	–	5,000	–	0.12%	–
LMT	New	Lockheed Martin Corp.	$591,000	–	2,000	–	0.11%	–
F	New	Ford Motor Co.	$554,000	–	50,000	–	0.10%	–
MSFT	New	Microsoft Corp.	$493,000	–	5,000	–	0.09%	–
PFF	New	ISharesu.s. preferred stock etf	$426,000	–	11,287	–	0.08%	–
BTI	New	British American Tobacco PLC	$0	–	2	–	0.00%	–
MET	New	Metlife Inc.	$0	–	10	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
HKWS	Exit	Halcon Resources Corp.warrants	$0	–	-17,712	–	-0.00%	–
MSFT	Exit	Microsoft Corp.	$0	–	-5,000	–	-0.07%	–
OGE	Exit	OGE Energy Corp.	$0	–	-16,000	–	-0.10%	–
RF	Exit	Regions Financial Corp.	$0	–	-40,000	–	-0.11%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-2,000	–	-0.11%	–
CLX	Exit	Clorox Co.	$0	–	-5,000	–	-0.12%	–
WR	Exit	Westar Energy Inc.	$0	–	-13,700	–	-0.12%	–
GPC	Exit	Genuine Parts Co.	$0	–	-8,800	–	-0.15%	–
NI	Exit	Nisource Inc.	$0	–	-34,795	–	-0.16%	–
EMR	Exit	Emerson Electric Co.	$0	–	-16,000	–	-0.18%	–
FITB	Exit	Fifth Third Bancorp	$0	–	-36,600	–	-0.19%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-12,000	–	-0.19%	–
CMS	Exit	CMS Energy Corp.	$0	–	-25,000	–	-0.21%	–
COST	Exit	Costco Wholesale Corp.	$0	–	-7,200	–	-0.22%	–
CFG	Exit	Citizens Financial Group	$0	–	-34,000	–	-0.23%	–
USB	Exit	US Bancorp	$0	–	-24,300	–	-0.24%	–
SO	Exit	Southern Co.	$0	–	-26,800	–	-0.24%	–
ETR	Exit	Entergy Corp.	$0	–	-18,000	–	-0.25%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-18,000	–	-0.25%	–
NJR	Exit	New Jersey Resources Corp.	$0	–	-28,000	–	-0.27%	–
HBAN	Exit	Huntington Bancshares	$0	–	-110,500	–	-0.28%	–
OKE	Exit	Oneok Inc.	$0	–	-30,000	–	-0.30%	–
F	Exit	Ford Motor Co.	$0	–	-150,000	–	-0.33%	–
HAS	Exit	Hasbro Inc.	$0	–	-18,500	–	-0.33%	–
SCG	Exit	SCANA Corp.	$0	–	-37,500	–	-0.33%	–
MO	Exit	Altria Group Inc.	$0	–	-31,000	–	-0.36%	–
CMI	Exit	Cummins Inc.	$0	–	-12,200	–	-0.37%	–
IP	Exit	International Paper Co.	$0	–	-38,000	–	-0.39%	–
MCD	Exit	McDonald's Corp.	$0	–	-14,600	–	-0.42%	–
XOM	Exit	Exxon Mobil Corp.	$0	–	-28,000	–	-0.42%	–
SJI	Exit	South Jersey Industries	$0	–	-70,000	–	-0.44%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-31,401	–	-0.46%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-54,200	–	-0.47%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-44,000	–	-0.51%	–
SYY	Exit	Sysco Corp.	$0	–	-55,000	–	-0.54%	–
VVC	Exit	Vectren Corp.	$0	–	-45,600	–	-0.54%	–
PCG	Exit	PG&E Corp.	$0	–	-44,400	–	-0.55%	–
GM	Exit	General Motors Co.	$0	–	-75,000	–	-0.55%	–
GXP	Exit	Great Plains Energy Inc.	$0	–	-118,000	–	-0.65%	–
WMT	Exit	Walmart Stores Inc.	$0	–	-47,000	–	-0.67%	–
WM	Exit	Waste Management Inc.	$0	–	-48,400	–	-0.69%	–
K	Exit	Kellogg Co.	$0	–	-61,000	–	-0.69%	–
BGS	Exit	B&G Foods Inc.	$0	–	-124,700	–	-0.72%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-136,600	–	-0.72%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-64,100	–	-0.73%	–
GE	Exit	General Electric Co.	$0	–	-171,800	–	-0.75%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-42,500	–	-0.86%	–
PNW	Exit	Pinnacle West Capital	$0	–	-56,900	–	-0.87%	–
AEE	Exit	Ameren Corp.	$0	–	-84,165	–	-0.88%	–
INTC	Exit	Intel Corp.	$0	–	-129,600	–	-0.90%	–
POR	Exit	Portland General Electric Co.	$0	–	-108,600	–	-0.90%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-35,000	–	-0.93%	–
PRU	Exit	Prudential Financial	$0	–	-48,300	–	-0.93%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-153,000	–	-0.93%	–
KHC	Exit	The Kraft Heinz Co.	$0	–	-66,500	–	-0.94%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-105,000	–	-0.94%	–
SR	Exit	Spire Inc.	$0	–	-70,000	–	-0.95%	–
DTE	Exit	DTE Energy Co.	$0	–	-48,740	–	-0.95%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-45,000	–	-0.96%	–
PPL	Exit	PPL Corp.	$0	–	-141,142	–	-0.97%	–
GIS	Exit	General Mills Inc.	$0	–	-103,700	–	-0.97%	–
WFC	Exit	Wells Fargo & Company	$0	–	-102,500	–	-1.02%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-136,778	–	-1.03%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-120,709	–	-1.04%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-62,900	–	-1.04%	–
KO	Exit	Coca Cola Co.	$0	–	-128,000	–	-1.04%	–
BBT	Exit	Branch Bank & Trust	$0	–	-123,100	–	-1.05%	–
T	Exit	AT&T Inc.	$0	–	-149,000	–	-1.06%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-127,400	–	-1.07%	–
PAYX	Exit	Paychex Inc.	$0	–	-99,700	–	-1.08%	–
AEP	Exit	American Electric Power Co.	$0	–	-85,200	–	-1.08%	–
NWPRCCL	Exit	National Westminster Bank PLC	$0	–	-235,000	–	-1.09%	–
TGT	Exit	Target Corp.	$0	–	-102,000	–	-1.09%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-40,800	–	-1.12%	–
DUK	Exit	Duke Energy Corp.	$0	–	-74,200	–	-1.13%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-98,400	–	-1.14%	–
D	Exit	Dominion Resources Inc.	$0	–	-81,900	–	-1.14%	–
DWDP	Exit	DowDupont Inc.	$0	–	-92,000	–	-1.16%	–
PFE	Exit	Pfizer Inc.	$0	–	-180,000	–	-1.17%	–
PEP	Exit	PepsiCo Inc.	$0	–	-58,000	–	-1.17%	–
JNJ	Exit	Johnson & Johnson	$0	–	-49,800	–	-1.17%	–
MCHP	Exit	Microchip Technology Inc.pfd	$0	–	-72,400	–	-1.18%	–
ES	Exit	Eversource Energy	$0	–	-107,800	–	-1.18%	–
AMGN	Exit	Amgen Inc.	$0	–	-35,600	–	-1.20%	–
MMM	Exit	3M Company	$0	–	-32,500	–	-1.24%	–
ABBV	Exit	AbbVie Inc.	$0	–	-81,700	–	-1.32%	–
HDV	Exit	ISharescore high dividend etf	$0	–	-194,200	–	-3.03%	–
VYM	Exit	Vanguardhigh dvd yield etf	$0	–	-263,200	–	-3.87%	–
SCHD	Exit	Schwabus dividend etf	$0	–	-472,300	–	-4.01%	–
VEA	Exit	Vanguardftse dev. market etf	$0	–	-1,474,900	–	-11.61%	–
VTI	Exit	Vanguardtotal stock market index etf	$0	–	-807,400	–	-18.97%	–

Q3 2017

			Value		Shares		↓ Weighting
VTI	Sell	Vanguardtotal stock market index etf	$104,574,000	-22.1%	807,400	-25.2%	18.97%	-16.8%
VEA	Sell	Vanguardftse dev. market etf	$64,025,000	-8.5%	1,474,900	-12.9%	11.61%	-2.3%
SCHD	Sell	Schwabus dividend etf	$22,104,000	-15.4%	472,300	-18.5%	4.01%	-9.6%
ABBV	Sell	AbbVie Inc.	$7,260,000	+3.5%	81,700	-15.5%	1.32%	+10.7%
AMGN	Sell	Amgen Inc.	$6,638,000	+2.5%	35,600	-5.3%	1.20%	+9.6%
PFE	Sell	Pfizer Inc.	$6,426,000	+1.8%	180,000	-4.3%	1.17%	+8.8%
DWDP	New	DowDupont Inc.	$6,369,000	–	92,000	–	1.16%	–
APD	Sell	Air Products & Chemicals Inc.	$6,170,000	+0.8%	40,800	-4.7%	1.12%	+7.7%
PG	Sell	Proctor & Gamble Co.	$5,723,000	-0.3%	62,900	-4.6%	1.04%	+6.5%
PPL	Sell	PPL Corp.	$5,356,000	-8.3%	141,142	-6.6%	0.97%	-2.1%
CSCO	Buy	Cisco Systems Inc.	$5,145,000	+12.6%	153,000	+4.8%	0.93%	+20.2%
GE	Sell	General Electric Co.	$4,154,000	-23.8%	171,800	-14.9%	0.75%	-18.6%
WM	Sell	Waste Management Inc.	$3,788,000	+1.0%	48,400	-5.3%	0.69%	+7.8%
VVC	Sell	Vectren Corp.	$2,999,000	-7.7%	45,600	-18.0%	0.54%	-1.3%
ED	Sell	Consolidated Edison Inc.	$2,533,000	-13.9%	31,401	-13.7%	0.46%	-8.0%
XOM	Buy	Exxon Mobil Corp.	$2,295,000	+255.3%	28,000	+250.0%	0.42%	+278.2%
MO	Buy	Altria Group Inc.	$1,966,000	+76.0%	31,000	+106.7%	0.36%	+87.9%
SCG	Sell	SCANA Corp.	$1,818,000	-31.1%	37,500	-4.8%	0.33%	-26.3%
F	Sell	Ford Motor Co.	$1,796,000	-23.6%	150,000	-28.6%	0.33%	-18.3%
HBAN	New	Huntington Bancshares	$1,543,000	–	110,500	–	0.28%	–
USB	Buy	US Bancorp	$1,302,000	+298.2%	24,300	+285.7%	0.24%	+329.1%
CFG	New	Citizens Financial Group	$1,288,000	–	34,000	–	0.23%	–
DPS	Sell	Dr Pepper Snapple Group	$1,062,000	-23.8%	12,000	-21.6%	0.19%	-18.6%
FITB	Buy	Fifth Third Bancorp	$1,024,000	+203.9%	36,600	+181.5%	0.19%	+226.3%
GPC	Sell	Genuine Parts Co.	$842,000	-31.8%	8,800	-33.8%	0.15%	-26.8%
WR	New	Westar Energy Inc.	$680,000	–	13,700	–	0.12%	–
RF	New	Regions Financial Corp.	$609,000	–	40,000	–	0.11%	–
OGE	Buy	OGE Energy Corp.	$576,000	+90.1%	16,000	+83.9%	0.10%	+103.9%
HKWS	Sell	Halcon Resources Corp.warrants	$10,000	-23.1%	17,712	-13.2%	0.00%	0.0%
NEWT	Exit	Newtek Cap Inc. NPV	$0	–	-2,730	–	-0.01%	–
HKRSQ	Exit	Halcon Resources Corp.	$0	–	-48,122	–	-0.04%	–
RAI	Exit	Reynolds American Inc.	$0	–	-20,000	–	-0.22%	–
WGL	Exit	WGL Holdings Inc.	$0	–	-16,500	–	-0.23%	–
DOW	Exit	Dow Chemical	$0	–	-92,000	–	-0.98%	–
AVA	Exit	Avista Corp.	$0	–	-139,200	–	-1.00%	–

Q2 2017

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stock market index etf	$134,251,000	–	1,078,755	–	22.78%	–
VEA	New	Vanguardftse dev. market etf	$70,008,000	–	1,694,300	–	11.88%	–
SCHD	New	Schwabus dividend etf	$26,135,000	–	579,500	–	4.44%	–
VYM	New	Vanguardhigh dvd yield etf	$20,572,000	–	263,200	–	3.49%	–
HDV	New	ISharescore high dividend etf	$16,144,000	–	194,200	–	2.74%	–
ABBV	New	AbbVie Inc.	$7,012,000	–	96,700	–	1.19%	–
MMM	New	3M Company	$6,766,000	–	32,500	–	1.15%	–
PEP	New	Pepsico Inc.	$6,698,000	–	58,000	–	1.14%	–
JNJ	New	Johnson & Johnson	$6,588,000	–	49,800	–	1.12%	–
ES	New	Eversource Energy	$6,545,000	–	107,800	–	1.11%	–
AMGN	New	Amgen Inc.	$6,476,000	–	37,600	–	1.10%	–
PFE	New	Pfizer Inc.	$6,315,000	–	188,000	–	1.07%	–
MRK	New	Merck & Co. Inc.	$6,306,000	–	98,400	–	1.07%	–
D	New	Dominion Resources Inc.	$6,276,000	–	81,900	–	1.06%	–
DUK	New	Duke Energy Corp.	$6,202,000	–	74,200	–	1.05%	–
NWPRCCL	New	National Westminster Bank PLCpfd	$6,169,000	–	235,000	–	1.05%	–
APD	New	Air Products & Chemicals Inc.	$6,123,000	–	42,800	–	1.04%	–
AEP	New	American Electric Power Co.	$5,919,000	–	85,200	–	1.00%	–
AVA	New	Avista Corp.	$5,910,000	–	139,200	–	1.00%	–
PPL	New	PPL Corp.	$5,843,000	–	151,142	–	0.99%	–
KMB	New	Kimberly-Clark Corp.	$5,810,000	–	45,000	–	0.99%	–
DOW	New	Dow Chemical	$5,802,000	–	92,000	–	0.98%	–
GIS	New	General Mills Inc.	$5,745,000	–	103,700	–	0.98%	–
PG	New	Proctor & Gamble Co.	$5,743,000	–	65,900	–	0.98%	–
KO	New	Coca Cola Co.	$5,741,000	–	128,000	–	0.97%	–
KHC	New	The Kraft Heinz Co.	$5,695,000	–	66,500	–	0.97%	–
WFC	New	Wells Fargo & Company	$5,680,000	–	102,500	–	0.96%	–
PAYX	New	Paychex Inc.	$5,677,000	–	99,700	–	0.96%	–
T	New	AT&T Inc.	$5,622,000	–	149,000	–	0.95%	–
BBT	New	Branch Bank & Trust	$5,590,000	–	123,100	–	0.95%	–
MCHP	New	Microchip Technology Inc.	$5,588,000	–	72,400	–	0.95%	–
XEL	New	Xcel Energy Inc.	$5,538,000	–	120,709	–	0.94%	–
LNT	New	Alliant Energy Corp.	$5,494,000	–	136,778	–	0.93%	–
PEG	New	Public Svc Enterprise Group	$5,479,000	–	127,400	–	0.93%	–
GE	New	General Electric Co.	$5,451,000	–	201,800	–	0.92%	–
TGT	New	Target Corp.	$5,334,000	–	102,000	–	0.90%	–
PRU	New	Prudential Financial	$5,223,000	–	48,300	–	0.89%	–
DTE	New	DTE Energy Co.	$5,156,000	–	48,740	–	0.88%	–
PM	New	Philip Morris Int'l, Inc.	$4,992,000	–	42,500	–	0.85%	–
POR	New	Portland General Electric Co.	$4,962,000	–	108,600	–	0.84%	–
NEE	New	Nextera Energy Inc.	$4,905,000	–	35,000	–	0.83%	–
SR	New	Spire Inc.	$4,883,000	–	70,000	–	0.83%	–
PNW	New	Pinnacle West Capital	$4,846,000	–	56,900	–	0.82%	–
VZ	New	Verizon Comm. Inc.	$4,689,000	–	105,000	–	0.80%	–
AEE	New	Ameren Corp.	$4,601,000	–	84,165	–	0.78%	–
CSCO	New	Cisco Systems Inc.	$4,570,000	–	146,000	–	0.78%	–
BGS	New	B&G Foods Inc.	$4,439,000	–	124,700	–	0.75%	–
INTC	New	Intel Corp.	$4,373,000	–	129,600	–	0.74%	–
K	New	Kellogg Co.	$4,237,000	–	61,000	–	0.72%	–
WEC	New	WEC Energy Group Inc.	$3,934,000	–	64,100	–	0.67%	–
WM	New	Waste Management Inc.	$3,751,000	–	51,133	–	0.64%	–
CNP	New	CenterPoint Energy Inc.	$3,740,000	–	136,600	–	0.64%	–
WMT	New	Walmart Stores Inc.	$3,557,000	–	47,000	–	0.60%	–
GXP	New	Great Plains Energy Inc.	$3,455,000	–	118,000	–	0.59%	–
VVC	New	Vectren Corp.	$3,249,000	–	55,600	–	0.55%	–
PCG	New	PG&E Corp.	$2,947,000	–	44,400	–	0.50%	–
ED	New	Consolidated Edison Inc.	$2,942,000	–	36,401	–	0.50%	–
LEG	New	Leggett & Platt Inc.	$2,847,000	–	54,200	–	0.48%	–
SYY	New	Sysco Corp.	$2,768,000	–	55,000	–	0.47%	–
SCG	New	SCANA Corp.	$2,640,000	–	39,400	–	0.45%	–
GM	New	General Motors Co.	$2,620,000	–	75,000	–	0.44%	–
BMY	New	Bristol-Myers Squibb Co.	$2,452,000	–	44,000	–	0.42%	–
SJI	New	South Jersey Industries	$2,392,000	–	70,000	–	0.41%	–
F	New	Ford Motor Co.	$2,350,000	–	210,000	–	0.40%	–
MCD	New	McDonald's Corp.	$2,236,000	–	14,600	–	0.38%	–
IP	New	International Paper Co.	$2,151,000	–	38,000	–	0.36%	–
HAS	New	Hasbro	$2,063,000	–	18,500	–	0.35%	–
CMI	New	Cummins Inc.	$1,979,000	–	12,200	–	0.34%	–
OKE	New	Oneok Inc.	$1,565,000	–	30,000	–	0.27%	–
ETN	New	Eaton Corp. PLC	$1,401,000	–	18,000	–	0.24%	–
DPS	New	Dr Pepper Snapple Group	$1,394,000	–	15,300	–	0.24%	–
NJR	New	New Jersey Resources Corp.	$1,389,000	–	28,000	–	0.24%	–
ETR	New	Entergy Corp.	$1,382,000	–	18,000	–	0.24%	–
WGL	New	WGL Holdings Inc.	$1,377,000	–	16,500	–	0.23%	–
RAI	New	Reynolds American Inc.	$1,301,000	–	20,000	–	0.22%	–
SO	New	Southern Co.	$1,283,000	–	26,800	–	0.22%	–
GPC	New	Genuine Parts Co.	$1,234,000	–	13,300	–	0.21%	–
CMS	New	CMS Energy Corp.	$1,156,000	–	25,000	–	0.20%	–
COST	New	Costco Wholesale Corp.	$1,151,000	–	7,200	–	0.20%	–
MO	New	Altria Group Inc.	$1,117,000	–	15,000	–	0.19%	–
EMR	New	Emerson Electric Co.	$954,000	–	16,000	–	0.16%	–
NI	New	Nisource Inc.	$882,000	–	34,795	–	0.15%	–
CLX	New	Clorox Co.	$666,000	–	5,000	–	0.11%	–
XOM	New	Exxon Mobil Corp.	$646,000	–	8,000	–	0.11%	–
LMT	New	Lockheed Martin Corp.	$555,000	–	2,000	–	0.09%	–
MSFT	New	Microsoft Corp.	$345,000	–	5,000	–	0.06%	–
FITB	New	Fifth Third Bancorp	$337,000	–	13,000	–	0.06%	–
USB	New	US Bancorp	$327,000	–	6,300	–	0.06%	–
OGE	New	OGE Energy Corp.	$303,000	–	8,700	–	0.05%	–
HKRSQ	New	Halcon Resources Corp.	$218,000	–	48,122	–	0.04%	–
NEWT	New	Newtek Cap Inc. NPV	$44,000	–	2,730	–	0.01%	–
HKWS	New	Halcon Resources Corp.warrants	$13,000	–	20,411	–	0.00%	–
MET	New	Metlife Inc.	$1,000	–	10	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
NEWT	Exit	Newtek Cap Inc. NPV	$0	–	-2,730	–	-0.01%	–
HKWS	Exit	Halcon Resources Corp.warrants	$0	–	-20,411	–	-0.01%	–
MSFT	Exit	Microsoft Corp.	$0	–	-5,000	–	-0.05%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-5,000	–	-0.08%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-2,000	–	-0.08%	–
WR	Exit	Westar Energy Inc.	$0	–	-10,000	–	-0.10%	–
NJR	Exit	Lyondellbasell Ind Nv	$0	–	-8,000	–	-0.10%	–
ETR	Exit	Entergy Corp.	$0	–	-8,000	–	-0.10%	–
IP	Exit	International Paper Co.	$0	–	-13,000	–	-0.11%	–
CLX	Exit	Clorox Co.	$0	–	-5,000	–	-0.11%	–
SE	Exit	Spectra Energy Corp.	$0	–	-18,000	–	-0.13%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-15,000	–	-0.14%	–
EMR	Exit	Emerson Electric Co.	$0	–	-16,000	–	-0.15%	–
MO	Exit	Altria Group Inc.	$0	–	-15,000	–	-0.16%	–
DHS	Exit	WisdomTreehigh dividend fund etf	$0	–	-14,600	–	-0.16%	–
CMS	Exit	CMS Energy Corp.	$0	–	-25,000	–	-0.18%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-18,000	–	-0.20%	–
DLN	Exit	WisdomTreelarge cap dividend fund etf	$0	–	-17,600	–	-0.23%	–
RAI	Exit	Reynolds American Inc.	$0	–	-31,000	–	-0.25%	–
MCD	Exit	McDonald's Corp.	$0	–	-12,700	–	-0.25%	–
CMI	Exit	Cummins Inc.	$0	–	-12,200	–	-0.27%	–
HAS	Exit	Hasbro	$0	–	-20,500	–	-0.28%	–
WGL	Exit	WGL Holdings Inc.	$0	–	-26,700	–	-0.28%	–
F	Exit	Ford Motor Co.	$0	–	-150,000	–	-0.31%	–
GPC	Exit	Genuine Parts Co.	$0	–	-20,300	–	-0.35%	–
SJI	Exit	South Jersey Industries	$0	–	-70,000	–	-0.35%	–
GM	Exit	General Motors Co.	$0	–	-75,000	–	-0.40%	–
GXP	Exit	Great Plains Energy Inc	$0	–	-88,000	–	-0.41%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-54,200	–	-0.42%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-41,401	–	-0.53%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-136,600	–	-0.54%	–
PCG	Exit	PG&E Corp.	$0	–	-52,900	–	-0.55%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-54,100	–	-0.55%	–
FE	Exit	Firstenergy Corp.	$0	–	-98,000	–	-0.55%	–
WM	Exit	Waste Management Inc.	$0	–	-55,033	–	-0.60%	–
SCG	Exit	SCANA Corp.	$0	–	-49,400	–	-0.61%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-30,000	–	-0.62%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-42,500	–	-0.70%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-136,000	–	-0.73%	–
AEE	Exit	Ameren Corp.	$0	–	-89,165	–	-0.75%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-35,000	–	-0.75%	–
WMT	Exit	Walmart Stores Inc.	$0	–	-62,000	–	-0.76%	–
PNW	Exit	Pinnacle West Capital	$0	–	-59,900	–	-0.77%	–
DTE	Exit	DTE Energy Co.	$0	–	-48,740	–	-0.78%	–
INTC	Exit	Intel Corp.	$0	–	-121,600	–	-0.78%	–
BBT	Exit	Branch Bank & Trust	$0	–	-122,100	–	-0.78%	–
WFC	Exit	Wells Fargo & Company	$0	–	-105,000	–	-0.79%	–
SO	Exit	Southern Co.	$0	–	-91,000	–	-0.79%	–
K	Exit	Kellogg Co.	$0	–	-61,000	–	-0.80%	–
SYY	Exit	Sysco Corp.	$0	–	-97,800	–	-0.82%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-77,400	–	-0.82%	–
VVC	Exit	Vectren Corp.	$0	–	-96,600	–	-0.82%	–
CSX	Exit	CSX Corp.	$0	–	-160,000	–	-0.83%	–
UNP	Exit	Union Pacific Corp.	$0	–	-51,200	–	-0.85%	–
PAYX	Exit	Paychex Inc.	$0	–	-89,700	–	-0.88%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-129,209	–	-0.90%	–
KO	Exit	Coca Cola Co.	$0	–	-128,000	–	-0.92%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-105,000	–	-0.93%	–
PPL	Exit	PPL Corp.	$0	–	-159,142	–	-0.94%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-132,400	–	-0.94%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-144,778	–	-0.94%	–
AMGN	Exit	Amgen Inc.	$0	–	-33,600	–	-0.95%	–
KHC	Exit	The Kraft Heinz Co.	$0	–	-63,000	–	-0.96%	–
GIS	Exit	General Mills Inc.	$0	–	-88,700	–	-0.96%	–
BGS	Exit	B&G Foods Inc.	$0	–	-116,700	–	-0.98%	–
D	Exit	Dominion Resources Inc.	$0	–	-77,900	–	-0.98%	–
AVA	Exit	Avista Corp.	$0	–	-139,200	–	-0.99%	–
AEP	Exit	American Electric Power Co.	$0	–	-92,600	–	-1.01%	–
TGT	Exit	Target Corp.	$0	–	-87,500	–	-1.02%	–
POR	Exit	Portland General Electric Co.	$0	–	-142,000	–	-1.03%	–
NWPRCCL	Exit	National Westminster Bank PLCpfd	$0	–	-235,000	–	-1.03%	–
T	Exit	AT&T Inc.	$0	–	-149,000	–	-1.03%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-40,800	–	-1.04%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-98,400	–	-1.04%	–
DOW	Exit	Dow Chemical	$0	–	-119,000	–	-1.05%	–
PEP	Exit	Pepsico Inc.	$0	–	-58,000	–	-1.07%	–
PFE	Exit	Pfizer Inc.	$0	–	-188,000	–	-1.08%	–
ES	Exit	Eversource Energy	$0	–	-117,800	–	-1.09%	–
ABBV	Exit	AbbVie Inc.	$0	–	-101,700	–	-1.09%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-71,900	–	-1.10%	–
JNJ	Exit	Johnson & Johnson	$0	–	-54,800	–	-1.10%	–
DUK	Exit	Duke Energy Corp.	$0	–	-81,200	–	-1.11%	–
GE	Exit	General Electric Co.	$0	–	-221,800	–	-1.12%	–
MMM	Exit	3M Company	$0	–	-39,000	–	-1.17%	–
VYM	Exit	Vanguardhigh dvd yield etf	$0	–	-253,200	–	-3.11%	–
DVY	Exit	ISharesselect dividend etf	$0	–	-268,000	–	-3.91%	–
HDV	Exit	ISharescore high dividend etf	$0	–	-284,950	–	-3.94%	–
SCHD	Exit	Schwabus dividend etf	$0	–	-562,800	–	-4.05%	–
VEA	Exit	Vanguardftse dev. market etf	$0	–	-1,669,000	–	-10.62%	–
VTI	Exit	Vanguardtotal stock market index etf	$0	–	-1,074,170	–	-20.35%	–

Q3 2016

			Value		Shares		↓ Weighting
VEA	Sell	Vanguardftse dev. market etf	$62,437,000	-18.7%	1,669,000	-23.2%	10.62%	-21.5%
SCHD	Buy	Schwabus dividend etf	$23,812,000	+26.9%	562,800	+24.3%	4.05%	+22.5%
HDV	Buy	ISharescore high dividend etf	$23,161,000	+23.0%	284,950	+24.3%	3.94%	+18.7%
DVY	Buy	ISharesselect dividend etf	$22,965,000	+25.4%	268,000	+24.8%	3.91%	+21.1%
GE	Buy	General Electric Co.	$6,570,000	+8.8%	221,800	+15.6%	1.12%	+5.1%
PG	Buy	Proctor & Gamble Co.	$6,453,000	+21.2%	71,900	+14.3%	1.10%	+17.1%
ES	Buy	Eversource Energy	$6,382,000	+3.3%	117,800	+14.3%	1.09%	-0.2%
PFE	Buy	Pfizer Inc.	$6,368,000	+0.5%	188,000	+4.4%	1.08%	-3.0%
DOW	Buy	Dow Chemical	$6,168,000	+9.8%	119,000	+5.3%	1.05%	+6.0%
TGT	Buy	Target Corp.	$6,010,000	+3.1%	87,500	+4.8%	1.02%	-0.4%
AEP	Buy	American Electric Power Co.	$5,946,000	+16.8%	92,600	+27.5%	1.01%	+12.8%
LNT	Buy	Alliant Energy Corp.	$5,546,000	+2.1%	144,778	+5.8%	0.94%	-1.4%
PEG	Buy	Public Svc Enterprise Group	$5,544,000	+4.0%	132,400	+15.7%	0.94%	+0.3%
PPL	Buy	PPL Corp.	$5,502,000	+3.3%	159,142	+12.8%	0.94%	-0.3%
KO	Buy	Coca Cola Co.	$5,417,000	+11.7%	128,000	+19.6%	0.92%	+7.8%
VVC	Buy	Vectren Corp.	$4,849,000	+30.4%	96,600	+36.8%	0.82%	+26.0%
WFC	Buy	Wells Fargo & Company	$4,649,000	+36.4%	105,000	+45.8%	0.79%	+31.6%
BBT	Buy	Branch Bank & Trust	$4,606,000	+15.4%	122,100	+8.9%	0.78%	+11.5%
INTC	Buy	Intel Corp.	$4,590,000	+43.4%	121,600	+24.6%	0.78%	+38.5%
PNW	Buy	Pinnacle West Capital	$4,552,000	+34.0%	59,900	+43.0%	0.77%	+29.4%
CSCO	Buy	Cisco Systems Inc.	$4,314,000	+19.3%	136,000	+7.9%	0.73%	+15.2%
FE	Sell	Firstenergy Corp.	$3,242,000	-25.8%	98,000	-21.7%	0.55%	-28.3%
PCG	Buy	PG&E Corp.	$3,236,000	+11.5%	52,900	+16.5%	0.55%	+7.8%
GXP	New	Great Plains Energy Inc	$2,402,000	–	88,000	–	0.41%	–
GM	Buy	General Motors Co.	$2,383,000	+180.7%	75,000	+150.0%	0.40%	+170.0%
F	Buy	Ford Motor Co.	$1,811,000	+621.5%	150,000	+650.0%	0.31%	+600.0%
WGL	Buy	WGL Holdings Inc.	$1,674,000	+178.1%	26,700	+214.1%	0.28%	+168.9%
HAS	Buy	Hasbro	$1,626,000	+287.1%	20,500	+310.0%	0.28%	+274.3%
CMI	New	Cummins Inc.	$1,563,000	–	12,200	–	0.27%	–
MCD	Buy	McDonald's Corp.	$1,465,000	+507.9%	12,700	+535.0%	0.25%	+492.9%
RAI	New	Reynolds American Inc.	$1,462,000	–	31,000	–	0.25%	–
DLN	New	WisdomTreelarge cap dividend fund etf	$1,355,000	–	17,600	–	0.23%	–
ETN	Sell	Eaton Corp. PLC	$1,183,000	-35.5%	18,000	-41.4%	0.20%	-37.8%
DHS	New	WisdomTreehigh dividend fund etf	$971,000	–	14,600	–	0.16%	–
BMY	New	Bristol-Myers Squibb Co.	$809,000	–	15,000	–	0.14%	–
IP	New	International Paper Co.	$624,000	–	13,000	–	0.11%	–
ETR	New	Entergy Corp.	$614,000	–	8,000	–	0.10%	–
NJR	New	Lyondellbasell Ind Nv	$578,000	–	8,000	–	0.10%	–
MSFT	New	Microsoft Corp.	$288,000	–	5,000	–	0.05%	–
HKWS	New	Halcon Resources Corp.warrants	$43,000	–	20,411	–	0.01%	–
PRU	Exit	Prudential Financial	$0	–	-32,300	–	-0.41%	–
SR	Exit	Spire Inc.	$0	–	-70,000	–	-0.87%	–

Q2 2016

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stock market index etf	$115,108,000	–	1,074,170	–	20.28%	–
VEA	New	Vanguardftse dev. market etf	$76,813,000	–	2,172,300	–	13.54%	–
HDV	New	ISharescore high dividend etf	$18,837,000	–	229,300	–	3.32%	–
SCHD	New	Schwabus dividend etf	$18,764,000	–	452,800	–	3.31%	–
DVY	New	ISharesselect dividend etf	$18,310,000	–	214,700	–	3.23%	–
VYM	New	Vanguardhigh dvd yield etf	$18,094,000	–	253,200	–	3.19%	–
DUK	New	Duke Energy Corp.	$6,966,000	–	81,200	–	1.23%	–
MMM	New	3M Company	$6,830,000	–	39,000	–	1.20%	–
JNJ	New	Johnson & Johnson	$6,647,000	–	54,800	–	1.17%	–
T	New	AT&T Inc.	$6,438,000	–	149,000	–	1.13%	–
PFE	New	Pfizer Inc.	$6,338,000	–	180,000	–	1.12%	–
GIS	New	General Mills Inc.	$6,326,000	–	88,700	–	1.12%	–
ABBV	New	AbbVie Inc.	$6,296,000	–	101,700	–	1.11%	–
POR	New	Portland General Electric Co.	$6,265,000	–	142,000	–	1.10%	–
AVA	New	Avista Corp.	$6,236,000	–	139,200	–	1.10%	–
ES	New	Eversource Energy	$6,176,000	–	103,100	–	1.09%	–
PEP	New	Pepsico Inc.	$6,145,000	–	58,000	–	1.08%	–
NWPRCCL	New	National Westminster Bank PLCpfd	$6,117,000	–	235,000	–	1.08%	–
D	New	Dominion Resources Inc.	$6,071,000	–	77,900	–	1.07%	–
GE	New	General Electric Co.	$6,038,000	–	191,800	–	1.06%	–
VZ	New	Verizon Comm. Inc.	$5,863,000	–	105,000	–	1.03%	–
TGT	New	Target Corp.	$5,830,000	–	83,500	–	1.03%	–
APD	New	Air Products & Chemicals Inc.	$5,795,000	–	40,800	–	1.02%	–
XEL	New	Xcel Energy Inc.	$5,786,000	–	129,209	–	1.02%	–
MRK	New	Merck & Co. Inc.	$5,669,000	–	98,400	–	1.00%	–
BGS	New	B&G Foods Inc.	$5,625,000	–	116,700	–	0.99%	–
DOW	New	Dow Chemical	$5,617,000	–	113,000	–	0.99%	–
KHC	New	The Kraft Heinz Co.	$5,574,000	–	63,000	–	0.98%	–
LNT	New	Alliant Energy Corp.	$5,430,000	–	136,778	–	0.96%	–
PAYX	New	Paychex Inc.	$5,337,000	–	89,700	–	0.94%	–
PEG	New	Public Svc Enterprise Group	$5,332,000	–	114,400	–	0.94%	–
PPL	New	PPL Corp.	$5,328,000	–	141,142	–	0.94%	–
PG	New	Proctor & Gamble Co.	$5,326,000	–	62,900	–	0.94%	–
AMGN	New	Amgen Inc.	$5,112,000	–	33,600	–	0.90%	–
AEP	New	American Electric Power Co.	$5,089,000	–	72,600	–	0.90%	–
K	New	Kellogg Co.	$4,981,000	–	61,000	–	0.88%	–
SYY	New	Sysco Corp.	$4,962,000	–	97,800	–	0.87%	–
SR	New	Spire Inc.	$4,959,000	–	70,000	–	0.87%	–
SO	New	Southern Co.	$4,880,000	–	91,000	–	0.86%	–
KO	New	Coca Cola Co.	$4,850,000	–	107,000	–	0.86%	–
DTE	New	DTE Energy Co.	$4,831,000	–	48,740	–	0.85%	–
KMB	New	Kimberly-Clark Corp.	$4,812,000	–	35,000	–	0.85%	–
AEE	New	Ameren Corp.	$4,777,000	–	89,165	–	0.84%	–
WMT	New	Walmart Stores Inc.	$4,527,000	–	62,000	–	0.80%	–
UNP	New	Union Pacific Corp.	$4,467,000	–	51,200	–	0.79%	–
FE	New	Firstenergy Corp.	$4,371,000	–	125,200	–	0.77%	–
PM	New	Philip Morris Int'l, Inc.	$4,323,000	–	42,500	–	0.76%	–
CSX	New	CSX Corp.	$4,173,000	–	160,000	–	0.74%	–
BBT	New	Branch Bank & Trust	$3,992,000	–	112,100	–	0.70%	–
MCHP	New	Microchip Technology Inc.	$3,929,000	–	77,400	–	0.69%	–
NEE	New	Nextera Energy Inc.	$3,912,000	–	30,000	–	0.69%	–
SCG	New	SCANA Corp.	$3,738,000	–	49,400	–	0.66%	–
VVC	New	Vectren Corp.	$3,719,000	–	70,600	–	0.66%	–
WM	New	Waste Management Inc.	$3,647,000	–	55,033	–	0.64%	–
CSCO	New	Cisco Systems Inc.	$3,615,000	–	126,000	–	0.64%	–
WEC	New	WEC Energy Group Inc.	$3,533,000	–	54,100	–	0.62%	–
WFC	New	Wells Fargo & Company	$3,408,000	–	72,000	–	0.60%	–
PNW	New	Pinnacle West Capital	$3,396,000	–	41,900	–	0.60%	–
ED	New	Consolidated Edison Inc.	$3,330,000	–	41,401	–	0.59%	–
CNP	New	CenterPoint Energy Inc.	$3,278,000	–	136,600	–	0.58%	–
INTC	New	Intel Corp.	$3,201,000	–	97,600	–	0.56%	–
PCG	New	PG&E Corp.	$2,902,000	–	45,400	–	0.51%	–
LEG	New	Leggett & Platt Inc.	$2,770,000	–	54,200	–	0.49%	–
PRU	New	Prudential Financial	$2,304,000	–	32,300	–	0.41%	–
SJI	New	South Jersey Industries	$2,213,000	–	70,000	–	0.39%	–
GPC	New	Genuine Parts Co.	$2,055,000	–	20,300	–	0.36%	–
ETN	New	Eaton Corp. PLC	$1,834,000	–	30,700	–	0.32%	–
CMS	New	CMS Energy Corp.	$1,147,000	–	25,000	–	0.20%	–
MO	New	Altria Group Inc.	$1,034,000	–	15,000	–	0.18%	–
GM	New	General Motors Co.	$849,000	–	30,000	–	0.15%	–
EMR	New	Emerson Electric Co.	$835,000	–	16,000	–	0.15%	–
CLX	New	Clorox Co.	$692,000	–	5,000	–	0.12%	–
SE	New	Spectra Energy Corp.	$659,000	–	18,000	–	0.12%	–
WGL	New	WGL Holdings Inc.	$602,000	–	8,500	–	0.11%	–
WR	New	Westar Energy Inc.	$561,000	–	10,000	–	0.10%	–
LMT	New	Lockheed Martin Corp.	$496,000	–	2,000	–	0.09%	–
DPS	New	Dr Pepper Snapple Group	$483,000	–	5,000	–	0.08%	–
HAS	New	Hasbro	$420,000	–	5,000	–	0.07%	–
F	New	Ford Motor Co.	$251,000	–	20,000	–	0.04%	–
MCD	New	McDonald's Corp.	$241,000	–	2,000	–	0.04%	–
NEWT	New	Newtek Cap Inc. NPV	$35,000	–	2,730	–	0.01%	–
MET	New	Metlife Inc.	$0	–	10	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
NEWT	Exit	Newtek Cap Inc. NPV	$0	–	-2,400	–	-0.01%	–
TWC	Exit	Time Warner Cable Inc.	$0	–	-1,244	–	-0.04%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-5,000	–	-0.06%	–
CAG	Exit	Conagra Foods Inc.	$0	–	-10,000	–	-0.08%	–
ATO	Exit	Atmos Energy Corp.	$0	–	-12,000	–	-0.13%	–
WEC	Exit	WEC Energy Group Inc.	$0	–	-15,000	–	-0.15%	–
AEE	Exit	Ameren Corp.	$0	–	-30,165	–	-0.24%	–
PCG	Exit	PG&E Corp.	$0	–	-26,900	–	-0.27%	–
RAI	Exit	Reynolds American Inc.	$0	–	-44,000	–	-0.37%	–
NJR	Exit	New Jersey Resources Corp.	$0	–	-69,400	–	-0.39%	–
DD	Exit	Dupont E.I. De Nemours	$0	–	-44,500	–	-0.40%	–
CSCO	Exit	Cisco Systems Inc.	$0	–	-83,000	–	-0.41%	–
INTC	Exit	Intel Corp.	$0	–	-77,600	–	-0.44%	–
GAS	Exit	AGL Resources Inc.	$0	–	-39,047	–	-0.45%	–
KMI	Exit	Kinder Morgan Inc.	$0	–	-93,000	–	-0.49%	–
SE	Exit	Spectra Energy Corp.	$0	–	-103,000	–	-0.51%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-28,000	–	-0.52%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-35,000	–	-0.52%	–
CVX	Exit	Chevron Corp.	$0	–	-36,000	–	-0.54%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-67,400	–	-0.55%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-60,000	–	-0.56%	–
SCG	Exit	SCANA Corp.	$0	–	-54,400	–	-0.58%	–
FE	Exit	Firstenergy Corp.	$0	–	-99,743	–	-0.59%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-24,800	–	-0.60%	–
WGL	Exit	WGL Holdings Inc.	$0	–	-57,700	–	-0.63%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-81,400	–	-0.65%	–
CMS	Exit	CMS Energy Corp.	$0	–	-100,500	–	-0.67%	–
MCD	Exit	McDonald's Corp.	$0	–	-36,700	–	-0.68%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-205,200	–	-0.70%	–
PFE	Exit	Pfizer Inc.	$0	–	-118,000	–	-0.70%	–
PNW	Exit	Pinnacle West Capital	$0	–	-58,500	–	-0.71%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-56,301	–	-0.71%	–
WR	Exit	Westar Energy Inc.	$0	–	-101,423	–	-0.74%	–
WMB	Exit	Williams Companies Inc.	$0	–	-106,000	–	-0.74%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-94,700	–	-0.74%	–
PPL	Exit	PPL Corp.	$0	–	-121,142	–	-0.75%	–
POR	Exit	Portland General Electric Co.	$0	–	-108,600	–	-0.76%	–
LG	Exit	The Laclede Group Inc.	$0	–	-74,000	–	-0.76%	–
SO	Exit	Southern Co.	$0	–	-91,000	–	-0.77%	–
ETN	Exit	Eaton Corp. PLC	$0	–	-79,400	–	-0.77%	–
T	Exit	AT&T Inc.	$0	–	-125,000	–	-0.77%	–
EMR	Exit	Emerson Electric Co.	$0	–	-93,000	–	-0.78%	–
GIS	Exit	General Mills Inc.	$0	–	-73,700	–	-0.78%	–
ABBV	Exit	AbbVie Inc.	$0	–	-76,700	–	-0.79%	–
AMGN	Exit	Amgen Inc.	$0	–	-30,500	–	-0.80%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-54,000	–	-0.81%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-59,900	–	-0.81%	–
PNY	Exit	Piedmont Natural Gas Co.	$0	–	-112,500	–	-0.85%	–
BGS	Exit	B&G Foods Inc.	$0	–	-125,000	–	-0.86%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-105,000	–	-0.86%	–
K	Exit	Kellogg Co.	$0	–	-69,000	–	-0.87%	–
MO	Exit	Altria Group Inc.	$0	–	-85,459	–	-0.88%	–
DOW	Exit	Dow Chemical	$0	–	-114,000	–	-0.91%	–
WM	Exit	Waste Management Inc.	$0	–	-97,400	–	-0.92%	–
KO	Exit	Coca Cola Co.	$0	–	-122,000	–	-0.92%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-24,000	–	-0.94%	–
AEP	Exit	American Electric Power Co.	$0	–	-87,600	–	-0.94%	–
PAYX	Exit	Paychex Inc.	$0	–	-104,700	–	-0.94%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-87,789	–	-0.97%	–
PEP	Exit	Pepsico Inc.	$0	–	-55,000	–	-0.98%	–
SJI	Exit	South Jersey Industries	$0	–	-206,800	–	-0.98%	–
CLX	Exit	Clorox Co.	$0	–	-47,000	–	-1.02%	–
AVY	Exit	Avery Dennison Corp.	$0	–	-96,599	–	-1.03%	–
AVA	Exit	Avista Corp.	$0	–	-166,200	–	-1.04%	–
MMM	Exit	3M Company	$0	–	-39,000	–	-1.04%	–
GE	Exit	General Electric Co.	$0	–	-221,800	–	-1.06%	–
TGT	Exit	Target Corp.	$0	–	-72,100	–	-1.07%	–
D	Exit	Dominion Resources Inc.	$0	–	-82,900	–	-1.10%	–
DUK	Exit	Duke Energy Corp.	$0	–	-81,200	–	-1.10%	–
DTE	Exit	DTE Energy Co.	$0	–	-72,740	–	-1.10%	–
JNJ	Exit	Johnson & Johnson	$0	–	-62,800	–	-1.11%	–
SYY	Exit	Sysco Corp.	$0	–	-151,800	–	-1.12%	–
NWPRCCL	Exit	National Westminster Bank PLCpfd	$0	–	-235,000	–	-1.13%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-55,500	–	-1.14%	–
VVC	Exit	Vectren Corp.	$0	–	-144,773	–	-1.15%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-174,209	–	-1.16%	–
ES	Exit	Eversource Energy	$0	–	-123,500	–	-1.18%	–
IVV	Exit	ISharess&p 500 index fund	$0	–	-344,000	–	-12.50%	–
VEA	Exit	Vanguardftse dev. market etf	$0	–	-1,892,300	–	-12.72%	–
VTI	Exit	Vanguardtotal stock market index etf	$0	–	-996,170	–	-18.55%	–

Q3 2015

			Value		Shares		↓ Weighting
VTI	Buy	Vanguardtotal stock market index etf	$98,342,000	-3.4%	996,170	+4.7%	18.55%	+0.2%
VEA	Buy	Vanguardftse dev. market etf	$67,442,000	-1.8%	1,892,300	+9.2%	12.72%	+1.8%
ES	Buy	Eversource Energy	$6,252,000	+44.2%	123,500	+29.3%	1.18%	+49.4%
XEL	Buy	Xcel Energy Inc.	$6,169,000	+17.8%	174,209	+7.1%	1.16%	+22.1%
VVC	Buy	Vectren Corp.	$6,082,000	+25.7%	144,773	+15.1%	1.15%	+30.2%
SYY	Buy	Sysco Corp.	$5,916,000	+35.7%	151,800	+25.7%	1.12%	+40.7%
TGT	Sell	Target Corp.	$5,671,000	-6.1%	72,100	-2.6%	1.07%	-2.6%
MMM	Buy	3M Company	$5,529,000	-3.2%	39,000	+5.4%	1.04%	+0.4%
AVA	Buy	Avista Corp.	$5,526,000	+17.7%	166,200	+8.5%	1.04%	+22.0%
AVY	Buy	Avery Dennison Corp.	$5,465,000	-5.2%	96,599	+2.1%	1.03%	-1.7%
LNT	Buy	Alliant Energy Corp.	$5,135,000	+7.4%	87,789	+6.0%	0.97%	+11.5%
AEP	Buy	American Electric Power Co.	$4,981,000	+21.2%	87,600	+12.9%	0.94%	+25.7%
DOW	Buy	Dow Chemical	$4,834,000	-12.5%	114,000	+5.6%	0.91%	-9.3%
VZ	Buy	Verizon Comm. Inc.	$4,569,000	+3.2%	105,000	+10.5%	0.86%	+6.9%
BGS	Buy	B&G Foods Inc.	$4,556,000	+46.5%	125,000	+14.7%	0.86%	+51.8%
PNY	Sell	Piedmont Natural Gas Co.	$4,508,000	+4.2%	112,500	-8.2%	0.85%	+8.0%
PG	Buy	Proctor & Gamble Co.	$4,309,000	-5.0%	59,900	+3.3%	0.81%	-1.6%
PM	Buy	Philip Morris Int'l, Inc.	$4,284,000	+17.4%	54,000	+18.7%	0.81%	+21.7%
AMGN	Buy	Amgen Inc.	$4,219,000	+3.7%	30,500	+15.1%	0.80%	+7.6%
ETN	Buy	Eaton Corp. PLC	$4,073,000	-13.0%	79,400	+14.4%	0.77%	-9.9%
LG	Sell	The Laclede Group Inc.	$4,035,000	-4.7%	74,000	-9.0%	0.76%	-1.2%
POR	Buy	Portland General Electric Co.	$4,015,000	+15.1%	108,600	+3.2%	0.76%	+19.2%
ED	Sell	Consolidated Edison Inc.	$3,764,000	-1.9%	56,301	-15.1%	0.71%	+1.7%
PNW	Sell	Pinnacle West Capital	$3,752,000	+2.9%	58,500	-8.7%	0.71%	+6.6%
CMS	Sell	CMS Energy Corp.	$3,550,000	-14.6%	100,500	-23.0%	0.67%	-11.4%
PEG	Buy	Public Svc Enterprise Group	$3,432,000	+14.4%	81,400	+6.5%	0.65%	+18.5%
WGL	Sell	WGL Holdings Inc.	$3,328,000	-11.0%	57,700	-16.3%	0.63%	-7.8%
SE	Buy	Spectra Energy Corp.	$2,706,000	-10.8%	103,000	+10.8%	0.51%	-7.6%
KMI	Buy	Kinder Morgan Inc.	$2,574,000	-21.1%	93,000	+9.4%	0.49%	-18.2%
GAS	Sell	AGL Resources Inc.	$2,383,000	-56.7%	39,047	-67.0%	0.45%	-55.2%
CSCO	Buy	Cisco Systems Inc.	$2,179,000	+49.8%	83,000	+56.6%	0.41%	+55.1%
NJR	Sell	New Jersey Resources Corp.	$2,084,000	-11.4%	69,400	-18.7%	0.39%	-8.2%
RAI	Buy	Reynolds American Inc.	$1,948,000	-25.4%	44,000	+25.7%	0.37%	-22.7%
PCG	Sell	PG&E Corp.	$1,420,000	-25.5%	26,900	-30.7%	0.27%	-22.8%
WEC	New	WEC Energy Group Inc.	$783,000	–	15,000	–	0.15%	–
ATO	Sell	Atmos Energy Corp.	$698,000	-60.2%	12,000	-64.9%	0.13%	-58.6%
TLN	Exit	Talen Energy Corp	$0	–	-15,130	–	-0.05%	–
TE	Exit	TECO Energy Inc.	$0	–	-176,700	–	-0.57%	–
KRFT	Exit	Kraft Foods Group Inc.	$0	–	-64,000	–	-0.99%	–

Q2 2015

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stock market index etf	$101,794,000	–	951,170	–	18.52%	–
IVV	New	ISHaress&p 500 index fund	$71,284,000	–	344,000	–	12.97%	–
VEA	New	Vanguardftse dev. market etf	$68,686,000	–	1,732,300	–	12.50%	–
JNJ	New	Johnson & Johnson	$6,120,000	–	62,800	–	1.11%	–
WMB	New	Williams Companies Inc.	$6,083,000	–	106,000	–	1.11%	–
TGT	New	Target Corp.	$6,041,000	–	74,000	–	1.10%	–
NWPRCCL	New	National Westminster Bank PLCpfd	$6,037,000	–	235,000	–	1.10%	–
GE	New	General Electric Co.	$5,893,000	–	221,800	–	1.07%	–
KMB	New	Kimberly-Clark Corp.	$5,881,000	–	55,500	–	1.07%	–
AVY	New	Avery Dennison Corp.	$5,765,000	–	94,599	–	1.05%	–
DUK	New	Duke Energy Corp.	$5,734,000	–	81,200	–	1.04%	–
MMM	New	3M Company	$5,709,000	–	37,000	–	1.04%	–
D	New	Dominion Resources Inc.	$5,544,000	–	82,900	–	1.01%	–
DOW	New	Dow Chemical	$5,526,000	–	108,000	–	1.00%	–
GAS	New	AGL Resources Inc.	$5,506,000	–	118,247	–	1.00%	–
KRFT	New	Kraft Foods Group Inc.	$5,449,000	–	64,000	–	0.99%	–
DTE	New	DTE Energy Co.	$5,429,000	–	72,740	–	0.99%	–
XEL	New	Xcel Energy Inc.	$5,236,000	–	162,709	–	0.95%	–
EMR	New	Emerson Electric Co.	$5,155,000	–	93,000	–	0.94%	–
ABBV	New	AbbVie Inc.	$5,153,000	–	76,700	–	0.94%	–
PEP	New	Pepsico Inc.	$5,134,000	–	55,000	–	0.93%	–
SJI	New	South Jersey Industries	$5,114,000	–	206,800	–	0.93%	–
PAYX	New	Paychex Inc.	$4,908,000	–	104,700	–	0.89%	–
CLX	New	Clorox Co.	$4,889,000	–	47,000	–	0.89%	–
VVC	New	Vectren Corp.	$4,840,000	–	125,773	–	0.88%	–
KO	New	Coca Cola Co.	$4,786,000	–	122,000	–	0.87%	–
LNT	New	Alliant Energy Corp.	$4,779,000	–	82,789	–	0.87%	–
AVA	New	Avista Corp.	$4,696,000	–	153,200	–	0.85%	–
ETN	New	Eaton Corp. PLC	$4,684,000	–	69,400	–	0.85%	–
LEG	New	Leggett & Platt Inc.	$4,610,000	–	94,700	–	0.84%	–
PG	New	Proctor & Gamble Co.	$4,538,000	–	58,000	–	0.83%	–
WM	New	Waste Management Inc.	$4,514,000	–	97,400	–	0.82%	–
LMT	New	Lockheed Martin Corp.	$4,462,000	–	24,000	–	0.81%	–
T	New	AT&T Inc.	$4,440,000	–	125,000	–	0.81%	–
VZ	New	Verizon Comm. Inc.	$4,428,000	–	95,000	–	0.81%	–
SYY	New	Sysco Corp.	$4,361,000	–	120,800	–	0.79%	–
ES	New	Eversource Energy	$4,337,000	–	95,500	–	0.79%	–
K	New	Kellogg Co.	$4,326,000	–	69,000	–	0.79%	–
PNY	New	Piedmont Natural Gas Co.	$4,325,000	–	122,500	–	0.79%	–
LG	New	The Laclede Group Inc.	$4,232,000	–	81,300	–	0.77%	–
MO	New	Altria Group Inc.	$4,180,000	–	85,459	–	0.76%	–
CMS	New	CMS Energy Corp.	$4,155,000	–	130,500	–	0.76%	–
AEP	New	American Electric Power Co.	$4,110,000	–	77,600	–	0.75%	–
GIS	New	General Mills Inc.	$4,107,000	–	73,700	–	0.75%	–
AMGN	New	Amgen Inc.	$4,068,000	–	26,500	–	0.74%	–
PFE	New	Pfizer Inc.	$3,957,000	–	118,000	–	0.72%	–
CNP	New	CenterPoint Energy Inc.	$3,905,000	–	205,200	–	0.71%	–
ED	New	Consolidated Edison Inc.	$3,838,000	–	66,301	–	0.70%	–
SO	New	Southern Co.	$3,813,000	–	91,000	–	0.69%	–
WGL	New	WGL Holdings Inc.	$3,741,000	–	68,900	–	0.68%	–
PM	New	Philip Morris Int'l, Inc.	$3,648,000	–	45,500	–	0.66%	–
PNW	New	Pinnacle West Capital	$3,647,000	–	64,100	–	0.66%	–
PPL	New	PPL Corp.	$3,570,000	–	121,142	–	0.65%	–
MCD	New	McDonald's Corp.	$3,489,000	–	36,700	–	0.64%	–
POR	New	Portland General Electric Co.	$3,488,000	–	105,200	–	0.64%	–
WR	New	Westar Energy Inc.	$3,471,000	–	101,423	–	0.63%	–
CVX	New	Chevron Corp.	$3,473,000	–	36,000	–	0.63%	–
MRK	New	Merck & Co. Inc.	$3,416,000	–	60,000	–	0.62%	–
APD	New	Air Products & Chemicals Inc.	$3,393,000	–	24,800	–	0.62%	–
KMI	New	Kinder Morgan Inc.	$3,263,000	–	85,000	–	0.59%	–
FE	New	Firstenergy Corp.	$3,247,000	–	99,743	–	0.59%	–
MCHP	New	Microchip Technology Inc.	$3,196,000	–	67,400	–	0.58%	–
TE	New	TECO Energy Inc.	$3,121,000	–	176,700	–	0.57%	–
BGS	New	B&G Foods Inc.	$3,110,000	–	109,000	–	0.57%	–
SE	New	Spectra Energy Corp.	$3,032,000	–	93,000	–	0.55%	–
PEG	New	Public Svc Enterprise Group	$3,001,000	–	76,400	–	0.55%	–
DD	New	Dupont E.I. De Nemours	$2,846,000	–	44,500	–	0.52%	–
SCG	New	SCANA Corp.	$2,755,000	–	54,400	–	0.50%	–
NEE	New	Nextera Energy Inc.	$2,745,000	–	28,000	–	0.50%	–
RAI	New	Reynolds American Inc.	$2,613,000	–	35,000	–	0.48%	–
DPS	New	Dr Pepper Snapple Group	$2,552,000	–	35,000	–	0.46%	–
INTC	New	Intel Corp.	$2,360,000	–	77,600	–	0.43%	–
NJR	New	New Jersey Resources Corp.	$2,353,000	–	85,400	–	0.43%	–
PCG	New	PG&E Corp.	$1,907,000	–	38,832	–	0.35%	–
ATO	New	Atmos Energy Corp.	$1,754,000	–	34,200	–	0.32%	–
CSCO	New	Cisco Systems Inc.	$1,455,000	–	53,000	–	0.26%	–
AEE	New	Ameren Corp.	$1,137,000	–	30,165	–	0.21%	–
CAG	New	Conagra Foods Inc.	$437,000	–	10,000	–	0.08%	–
BMY	New	Bristol-Myers Squibb Co.	$333,000	–	5,000	–	0.06%	–
TLN	New	Talen Energy Corp	$260,000	–	15,130	–	0.05%	–
TWC	New	Time Warner Cable Inc.	$222,000	–	1,244	–	0.04%	–
NEWT	New	Newtek Cap Inc. NPV	$43,000	–	2,400	–	0.01%	–
MET	New	Metlife Inc.	$1,000	–	10	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
NEWT	Exit	Newtek Business Services Inc.	$0	–	-12,000	–	-0.01%	–
TWC	Exit	Time Warner Cable Inc.	$0	–	-1,244	–	-0.03%	–
ETR	Exit	Entergy Corp.	$0	–	-7,589	–	-0.11%	–
KO	Exit	Coca Cola Co.	$0	–	-22,000	–	-0.18%	–
GIS	Exit	General Mills Inc.	$0	–	-20,700	–	-0.20%	–
ETN	Exit	Eaton Corporation PLC	$0	–	-18,700	–	-0.23%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-23,866	–	-0.23%	–
TGT	Exit	Target Corp.	$0	–	-20,000	–	-0.24%	–
EMR	Exit	Emerson Electric Co.	$0	–	-21,000	–	-0.25%	–
SJI	Exit	South Jersey Industries	$0	–	-28,400	–	-0.29%	–
INTC	Exit	Intel Corp.	$0	–	-52,600	–	-0.35%	–
PEP	Exit	Pepsico Inc.	$0	–	-21,000	–	-0.37%	–
CAG	Exit	Conagra Foods Inc.	$0	–	-65,000	–	-0.41%	–
AEE	Exit	Ameren Corp.	$0	–	-56,937	–	-0.42%	–
NU	Exit	Northeast Utilities	$0	–	-51,000	–	-0.43%	–
WIN	Exit	Windstream Corp.	$0	–	-211,300	–	-0.43%	–
RAI	Exit	Reynolds American Inc.	$0	–	-40,000	–	-0.45%	–
PPL	Exit	PPL Corp.	$0	–	-76,142	–	-0.48%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-40,000	–	-0.49%	–
PCG	Exit	PG&E Corp.	$0	–	-58,676	–	-0.50%	–
AVA	Exit	Avista Corp.	$0	–	-94,200	–	-0.55%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-77,839	–	-0.55%	–
MCHP	Exit	Microchip Technology Inc.	$0	–	-62,400	–	-0.56%	–
BGS	Exit	B&G Foods Inc.	$0	–	-109,000	–	-0.57%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-32,000	–	-0.57%	–
PM	Exit	Philip Morris Int'l, Inc.	$0	–	-36,500	–	-0.58%	–
MMM	Exit	3 M CO	$0	–	-21,500	–	-0.58%	–
SCG	Exit	SCANA Corp.	$0	–	-63,400	–	-0.60%	–
DD	Exit	Dupont E.I. De Nemours	$0	–	-44,500	–	-0.61%	–
VVC	Exit	Vectren Corp.	$0	–	-82,600	–	-0.63%	–
DOW	Exit	Dow Chemical	$0	–	-63,000	–	-0.63%	–
WMB	Exit	Williams Companies	$0	–	-60,000	–	-0.63%	–
FE	Exit	Firstenergy Corp.	$0	–	-99,743	–	-0.64%	–
PNW	Exit	Pinnacle West Capital	$0	–	-66,900	–	-0.70%	–
CVX	Exit	Chevron Corp.	$0	–	-31,000	–	-0.70%	–
DTE	Exit	DTE Energy Co.	$0	–	-48,740	–	-0.71%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-67,189	–	-0.71%	–
D	Exit	Dominion Resources Inc.	$0	–	-54,200	–	-0.71%	–
ATO	Exit	Atmos Energy Corp.	$0	–	-78,800	–	-0.72%	–
AEP	Exit	American Electric Power Co.	$0	–	-72,600	–	-0.72%	–
MCD	Exit	McDonald's Corp.	$0	–	-40,700	–	-0.73%	–
CMS	Exit	CMS Energy Corp.	$0	–	-130,500	–	-0.74%	–
MO	Exit	Altria Group Inc.	$0	–	-85,459	–	-0.75%	–
TE	Exit	TECO Energy Inc.	$0	–	-225,700	–	-0.75%	–
GAS	Exit	AGL Resources Inc.	$0	–	-77,247	–	-0.76%	–
KMI	Exit	Kinder Morgan Inc.	$0	–	-104,000	–	-0.76%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-30,755	–	-0.76%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-70,801	–	-0.76%	–
POR	Exit	Portland General Electric Co.	$0	–	-126,900	–	-0.78%	–
COP	Exit	ConocoPhillips	$0	–	-54,000	–	-0.79%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-136,709	–	-0.79%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-39,200	–	-0.80%	–
T	Exit	AT&T Inc.	$0	–	-120,000	–	-0.80%	–
NJR	Exit	New Jersey Resources Corp.	$0	–	-84,200	–	-0.81%	–
LG	Exit	The Laclede Group Inc.	$0	–	-92,100	–	-0.81%	–
SYY	Exit	Sysco Corp.	$0	–	-112,800	–	-0.82%	–
PNY	Exit	Piedmont Natural Gas Co.	$0	–	-129,400	–	-0.83%	–
JNJ	Exit	Johnson & Johnson	$0	–	-40,800	–	-0.83%	–
PFE	Exit	Pfizer Inc.	$0	–	-148,000	–	-0.83%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-24,000	–	-0.84%	–
ABBV	Exit	AbbVie Inc.	$0	–	-76,700	–	-0.84%	–
KRFT	Exit	Kraft Foods Group Inc.	$0	–	-78,700	–	-0.84%	–
MRK	Exit	Merck & Co. Inc.	$0	–	-75,000	–	-0.85%	–
SO	Exit	Southern Co.	$0	–	-102,000	–	-0.85%	–
WGL	Exit	WGL Holdings Inc.	$0	–	-106,000	–	-0.85%	–
WR	Exit	Westar Energy Inc.	$0	–	-131,423	–	-0.85%	–
VZ	Exit	Verizon Comm. Inc.	$0	–	-90,000	–	-0.86%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-185,200	–	-0.86%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-129,700	–	-0.86%	–
PAYX	Exit	Paychex Inc.	$0	–	-104,700	–	-0.88%	–
DUK	Exit	Duke Energy Corp.	$0	–	-62,700	–	-0.89%	–
CLX	Exit	Clorox Co.	$0	–	-50,000	–	-0.91%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-58,000	–	-0.92%	–
GE	Exit	General Electric Co.	$0	–	-201,800	–	-0.98%	–
WM	Exit	Waste Management Inc.	$0	–	-112,400	–	-1.02%	–
NWPRCCL	Exit	National Westminster Bank PLCpfd	$0	–	-235,000	–	-1.16%	–
VTV	Exit	Vanguardvalue etf	$0	–	-471,500	–	-7.29%	–
VEA	Exit	Vanguardftse dev mkt etf	$0	–	-1,295,300	–	-9.80%	–
VWO	Exit	Vanguardftse emr mkt etf	$0	–	-1,719,000	–	-13.64%	–
VTI	Exit	Vanguardtotal stk mkt	$0	–	-1,057,100	–	-20.37%	–

Q3 2014

			Value		Shares		↓ Weighting
VTI	Buy	Vanguardtotal stk mkt	$107,021,000	+15.3%	1,057,100	+15.9%	20.37%	+11.3%
VEA	Buy	Vanguardftse dev mkt etf	$51,488,000	+18.5%	1,295,300	+27.0%	9.80%	+14.4%
VTV	Buy	Vanguardvalue etf	$38,286,000	+22.8%	471,500	+22.4%	7.29%	+18.5%
CLX	Sell	Clorox Co.	$4,802,000	-4.5%	50,000	-9.1%	0.91%	-7.8%
LMT	Sell	Lockheed Martin Corp.	$4,387,000	+1.1%	24,000	-11.1%	0.84%	-2.3%
NJR	Sell	New Jersey Resources Corp.	$4,253,000	-21.0%	84,200	-10.6%	0.81%	-23.8%
KMB	Buy	Kimberly-Clark Corp.	$4,217,000	+1.9%	39,200	+5.4%	0.80%	-1.5%
XEL	Sell	Xcel Energy Inc.	$4,156,000	-13.9%	136,709	-8.7%	0.79%	-16.8%
ED	Sell	Consolidated Edison Inc.	$4,012,000	-8.3%	70,801	-6.6%	0.76%	-11.5%
KMI	Buy	Kinder Morgan Inc.	$3,987,000	+41.0%	104,000	+33.3%	0.76%	+36.3%
GAS	Sell	AGL Resources Inc.	$3,966,000	-26.8%	77,247	-21.5%	0.76%	-29.3%
CMS	Sell	CMS Energy Corp.	$3,871,000	-20.9%	130,500	-17.0%	0.74%	-23.6%
AEP	Sell	American Electric Power Co.	$3,790,000	-17.7%	72,600	-12.1%	0.72%	-20.6%
D	Buy	Dominion Resources Inc.	$3,745,000	-2.7%	54,200	+0.7%	0.71%	-5.9%
LNT	Sell	Alliant Energy Corp.	$3,723,000	-24.7%	67,189	-17.2%	0.71%	-27.2%
WMB	New	Williams Companies	$3,321,000	–	60,000	–	0.63%	–
MMM	Buy	3 M CO	$3,046,000	+57.5%	21,500	+59.3%	0.58%	+52.2%
MCHP	Buy	Microchip Technology Inc.	$2,947,000	+9.0%	62,400	+12.6%	0.56%	+5.3%
DPS	Sell	Dr Pepper Snapple Group	$2,572,000	-20.2%	40,000	-27.3%	0.49%	-23.0%
WIN	Sell	Windstream Corp.	$2,278,000	-24.7%	211,300	-30.4%	0.43%	-27.2%
NU	New	Northeast Utilities	$2,259,000	–	51,000	–	0.43%	–
CAG	Sell	Conagra Foods Inc.	$2,148,000	-3.5%	65,000	-13.3%	0.41%	-6.8%
PEP	Buy	Pepsico Inc.	$1,955,000	+98.9%	21,000	+90.9%	0.37%	+91.8%
INTC	Sell	Intel Corp.	$1,832,000	-6.8%	52,600	-17.3%	0.35%	-9.8%
SJI	Buy	South Jersey Industries	$1,515,000	+7.1%	28,400	+21.4%	0.29%	+3.2%
BMY	Sell	Bristol-Myers Squibb Co.	$1,221,000	-25.7%	23,866	-29.5%	0.23%	-28.4%
ETN	Buy	Eaton Corporation PLC	$1,185,000	+99.5%	18,700	+142.9%	0.23%	+93.2%
GIS	Buy	General Mills Inc.	$1,044,000	+128.4%	20,700	+137.9%	0.20%	+121.1%
ETR	Sell	Entergy Corp.	$587,000	-75.5%	7,589	-74.0%	0.11%	-76.3%
NI	Exit	Nisource Inc.	$0	–	-7,000	–	-0.05%	–
P105PS	Exit	Integrys Energy Group Inc.	$0	–	-10,398	–	-0.15%	–
EXC	Exit	Exelon Corp.	$0	–	-67,010	–	-0.48%	–

Q2 2014

			Value		Shares		↓ Weighting
VTI	New	Vanguardtotal stk mkt	$92,824,000	–	912,100	–	18.29%	–
VWO	New	Vanguardftse emr mkt etf	$74,140,000	–	1,719,000	–	14.61%	–
VEA	New	Vanguardftse dev mkt etf	$43,455,000	–	1,020,300	–	8.56%	–
VTV	New	Vanguardvalue etf	$31,190,000	–	385,300	–	6.15%	–
NWPRCCL	New	National Westminster Bank PLCpfd	$6,173,000	–	235,000	–	1.22%	–
GAS	New	AGL Resources Inc.	$5,418,000	–	98,447	–	1.07%	–
NJR	New	New Jersey Resources Corp.	$5,384,000	–	94,200	–	1.06%	–
GE	New	General Electric Co.	$5,303,000	–	201,800	–	1.04%	–
WM	New	Waste Management Inc.	$5,028,000	–	112,400	–	0.99%	–
CLX	New	Clorox Co.	$5,027,000	–	55,000	–	0.99%	–
WR	New	Westar Energy Inc.	$5,019,000	–	131,423	–	0.99%	–
LNT	New	Alliant Energy Corp.	$4,941,000	–	81,189	–	0.97%	–
CMS	New	CMS Energy Corp.	$4,896,000	–	157,179	–	0.96%	–
PNY	New	Piedmont Natural Gas Co.	$4,841,000	–	129,400	–	0.95%	–
XEL	New	Xcel Energy Inc.	$4,825,000	–	149,709	–	0.95%	–
CNP	New	CenterPoint Energy Inc.	$4,730,000	–	185,200	–	0.93%	–
KRFT	New	Kraft Foods Group Inc.	$4,718,000	–	78,700	–	0.93%	–
DUK	New	Duke Energy Corp.	$4,652,000	–	62,700	–	0.92%	–
COP	New	ConocoPhillips	$4,629,000	–	54,000	–	0.91%	–
SO	New	Southern Co.	$4,629,000	–	102,000	–	0.91%	–
AEP	New	American Electric Power Co.	$4,607,000	–	82,600	–	0.91%	–
WGL	New	WGL Holdings Inc.	$4,569,000	–	106,000	–	0.90%	–
PG	New	Proctor & Gamble Co.	$4,558,000	–	58,000	–	0.90%	–
LG	New	The Laclede Group Inc.	$4,471,000	–	92,100	–	0.88%	–
LEG	New	Leggett & Platt Inc.	$4,446,000	–	129,700	–	0.88%	–
VZ	New	Verizon Comm. Inc.	$4,404,000	–	90,000	–	0.87%	–
POR	New	Portland General Electric Co.	$4,400,000	–	126,900	–	0.87%	–
PFE	New	Pfizer Inc.	$4,393,000	–	148,000	–	0.87%	–
ED	New	Consolidated Edison Inc.	$4,377,000	–	75,801	–	0.86%	–
PAYX	New	Paychex Inc.	$4,351,000	–	104,700	–	0.86%	–
MRK	New	Merck & Co. Inc.	$4,339,000	–	75,000	–	0.86%	–
LMT	New	Lockheed Martin Corp.	$4,340,000	–	27,000	–	0.86%	–
ABBV	New	AbbVie Inc.	$4,329,000	–	76,700	–	0.85%	–
JNJ	New	Johnson & Johnson	$4,268,000	–	40,800	–	0.84%	–
T	New	AT&T Inc.	$4,243,000	–	120,000	–	0.84%	–
SYY	New	Sysco Corp.	$4,224,000	–	112,800	–	0.83%	–
ATO	New	Atmos Energy Corp.	$4,208,000	–	78,800	–	0.83%	–
TE	New	TECO Energy Inc.	$4,171,000	–	225,700	–	0.82%	–
KMB	New	Kimberly-Clark Corp.	$4,137,000	–	37,200	–	0.82%	–
MCD	New	McDonald's Corp.	$4,100,000	–	40,700	–	0.81%	–
CVX	New	Chevron Corp.	$4,047,000	–	31,000	–	0.80%	–
APD	New	Air Products & Chemicals Inc.	$3,956,000	–	30,755	–	0.78%	–
PNW	New	Pinnacle West Capital	$3,869,000	–	66,900	–	0.76%	–
D	New	Dominion Resources Inc.	$3,848,000	–	53,800	–	0.76%	–
DTE	New	DTE Energy Co.	$3,795,000	–	48,740	–	0.75%	–
MO	New	Altria Group Inc.	$3,584,000	–	85,459	–	0.71%	–
BGS	New	B&G Foods Inc.	$3,563,000	–	109,000	–	0.70%	–
VVC	New	Vectren Corp.	$3,511,000	–	82,600	–	0.69%	–
FE	New	Firstenergy Corp.	$3,463,000	–	99,743	–	0.68%	–
SCG	New	SCANA Corp.	$3,412,000	–	63,400	–	0.67%	–
NEE	New	Nextera Energy Inc.	$3,279,000	–	32,000	–	0.65%	–
DOW	New	Dow Chemical	$3,242,000	–	63,000	–	0.64%	–
DPS	New	Dr Pepper Snapple Group	$3,222,000	–	55,000	–	0.64%	–
PEG	New	Public Svc Enterprise Group	$3,175,000	–	77,839	–	0.63%	–
AVA	New	Avista Corp.	$3,158,000	–	94,200	–	0.62%	–
PM	New	Philip Morris Int'l	$3,077,000	–	36,500	–	0.61%	–
WIN	New	Windstream Corp.	$3,026,000	–	303,800	–	0.60%	–
DD	New	Dupont E.I. De Nemours	$2,912,000	–	44,500	–	0.57%	–
KMI	New	Kinder Morgan Inc.	$2,828,000	–	78,000	–	0.56%	–
PCG	New	PG&E Corp.	$2,818,000	–	58,676	–	0.56%	–
PPL	New	PPL Corp.	$2,705,000	–	76,142	–	0.53%	–
MCHP	New	Microchip Technology Inc.	$2,704,000	–	55,400	–	0.53%	–
EXC	New	Exelon Corp.	$2,445,000	–	67,010	–	0.48%	–
RAI	New	Reynolds American Inc.	$2,414,000	–	40,000	–	0.48%	–
ETR	New	Entergy Corp.	$2,397,000	–	29,195	–	0.47%	–
AEE	New	Ameren Corp.	$2,328,000	–	56,937	–	0.46%	–
CAG	New	Conagra Foods Inc.	$2,226,000	–	75,000	–	0.44%	–
INTC	New	Intel Corp.	$1,965,000	–	63,600	–	0.39%	–
MMM	New	3 M CO	$1,934,000	–	13,500	–	0.38%	–
BMY	New	Bristol-Myers Squibb Co.	$1,643,000	–	33,866	–	0.32%	–
SJI	New	South Jersey Industriesadr	$1,414,000	–	23,400	–	0.28%	–
EMR	New	Emerson Electric Co.	$1,394,000	–	21,000	–	0.28%	–
TGT	New	Target Corp.	$1,159,000	–	20,000	–	0.23%	–
PEP	New	Pepsico Inc.	$983,000	–	11,000	–	0.19%	–
KO	New	Coca Cola Co.	$932,000	–	22,000	–	0.18%	–
P105PS	New	Integrys Energy Group Inc.	$740,000	–	10,398	–	0.15%	–
ETN	New	Eaton Corporation PLC	$594,000	–	7,700	–	0.12%	–
GIS	New	General Mills Inc.	$457,000	–	8,700	–	0.09%	–
NI	New	Nisource Inc.	$275,000	–	7,000	–	0.05%	–
TWC	New	Time Warner Cable Inc.	$183,000	–	1,244	–	0.04%	–
NEWT	New	Newtek Business Services Inc.	$33,000	–	12,000	–	0.01%	–
MET	New	Metlife Inc.	$1,000	–	10	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
MET	Exit	Metlife Inc.	$0	–	-10	–	0.00%	–
NEWT	Exit	Newtek Business Services, Inc.	$0	–	-12,000	–	-0.01%	–
TWC	Exit	Time Warner Cable Inc.cl a	$0	–	-1,844	–	-0.05%	–
RFP	Exit	Resolute Forest Products	$0	–	-21,087	–	-0.06%	–
ABBV	Exit	AbbVie Inc.	$0	–	-9,700	–	-0.10%	–
CLF	Exit	Cliffs Natural Resources	$0	–	-25,000	–	-0.12%	–
PM	Exit	Philip Morris Int'l	$0	–	-10,000	–	-0.20%	–
EMR	Exit	Emerson Electric Co.	$0	–	-21,000	–	-0.31%	–
POR	Exit	Portland General Electric Co.	$0	–	-52,000	–	-0.33%	–
CAG	Exit	Conagra Inc.	$0	–	-50,000	–	-0.34%	–
RTN	Exit	Raytheon Co.	$0	–	-20,000	–	-0.35%	–
NJR	Exit	New Jersey Natural Gas	$0	–	-36,500	–	-0.36%	–
PNY	Exit	Piedmont Natural Gas Co	$0	–	-50,000	–	-0.37%	–
MCD	Exit	McDonalds' Corp.	$0	–	-20,700	–	-0.45%	–
DRI	Exit	Darden Restaurants Inc.	$0	–	-44,000	–	-0.46%	–
INTC	Exit	Intel Corp.	$0	–	-89,600	–	-0.47%	–
MCHP	Exit	Microchip Technology Inc	$0	–	-54,000	–	-0.49%	–
JNJ	Exit	Johnson & Johnson	$0	–	-25,800	–	-0.51%	–
WIN	Exit	Windstream Corp.	$0	–	-291,300	–	-0.53%	–
DOW	Exit	Dow Chemical	$0	–	-63,000	–	-0.55%	–
PAYX	Exit	Paychex Inc.	$0	–	-59,700	–	-0.55%	–
CVX	Exit	Chevron Corp.	$0	–	-20,000	–	-0.55%	–
DPS	Exit	Dr Pepper Snapple Group	$0	–	-55,000	–	-0.56%	–
ATO	Exit	Atmos Energy Corp.	$0	–	-59,468	–	-0.57%	–
BGS	Exit	B&G Foods Inc.	$0	–	-74,300	–	-0.58%	–
DD	Exit	Dupont E.I. De Nemours	$0	–	-44,500	–	-0.59%	–
NI	Exit	Nisource Inc.	$0	–	-90,500	–	-0.63%	–
VZ	Exit	Verizon Communications Inc.	$0	–	-60,000	–	-0.64%	–
EXC	Exit	Exelon Corp.	$0	–	-105,010	–	-0.71%	–
PFE	Exit	Pfizer Inc.	$0	–	-110,000	–	-0.72%	–
PNW	Exit	Pinnacle West Capital	$0	–	-60,800	–	-0.76%	–
MO	Exit	Altria Group Inc	$0	–	-96,959	–	-0.76%	–
APD	Exit	Air Products & Chemicals Inc.	$0	–	-31,755	–	-0.77%	–
LEG	Exit	Leggett & Platt Inc.	$0	–	-116,700	–	-0.80%	–
RAI	Exit	Reynolds American Inc.	$0	–	-73,000	–	-0.81%	–
SO	Exit	Southern Co.	$0	–	-87,000	–	-0.81%	–
AEE	Exit	Ameren Corporation	$0	–	-103,687	–	-0.82%	–
CNP	Exit	CenterPoint Energy Inc.	$0	–	-151,600	–	-0.82%	–
FE	Exit	Firstenergy Corp.	$0	–	-99,743	–	-0.82%	–
ETR	Exit	Entergy Corp.	$0	–	-58,395	–	-0.84%	–
SYY	Exit	Sysco Corp.	$0	–	-116,800	–	-0.84%	–
NEE	Exit	Nextera Energy Inc.	$0	–	-48,800	–	-0.89%	–
SCG	Exit	SCANA Corp.	$0	–	-86,100	–	-0.90%	–
TE	Exit	TECO Energy Inc	$0	–	-241,900	–	-0.91%	–
LNT	Exit	Alliant Energy Corp.	$0	–	-80,889	–	-0.91%	–
POM	Exit	PEPCO Holdings Inc.	$0	–	-218,674	–	-0.92%	–
GAS	Exit	AGL Resources Inc.	$0	–	-87,924	–	-0.92%	–
DUK	Exit	Duke Energy Corp.	$0	–	-60,700	–	-0.92%	–
T	Exit	AT&T Inc.	$0	–	-120,000	–	-0.92%	–
COP	Exit	ConocoPhillips	$0	–	-59,000	–	-0.93%	–
PPL	Exit	PPL Corp.	$0	–	-135,259	–	-0.93%	–
PEG	Exit	Public Svc Enterprise Group	$0	–	-125,127	–	-0.93%	–
CMS	Exit	CMS Energy Corp.	$0	–	-157,179	–	-0.94%	–
ED	Exit	Consolidated Edison Inc.	$0	–	-75,801	–	-0.95%	–
P105PS	Exit	Integrys Energy Group Inc.	$0	–	-75,679	–	-0.96%	–
PG	Exit	Proctor & Gamble Co.	$0	–	-56,000	–	-0.96%	–
VVC	Exit	Vectren Corp.	$0	–	-128,793	–	-0.97%	–
BMY	Exit	Bristol-Myers Squibb Co.	$0	–	-92,904	–	-0.98%	–
PCG	Exit	PG&E Corp.	$0	–	-105,676	–	-0.98%	–
WR	Exit	Westar Energy Inc.	$0	–	-142,623	–	-0.99%	–
KRFT	Exit	Kraft Foods Group Inc.	$0	–	-85,000	–	-1.01%	–
CLX	Exit	Clorox Co.	$0	–	-55,000	–	-1.02%	–
WM	Exit	Waste Management Inc.	$0	–	-110,200	–	-1.03%	–
AEP	Exit	American Electric Power Co.	$0	–	-107,600	–	-1.06%	–
XEL	Exit	Xcel Energy Inc.	$0	–	-169,709	–	-1.06%	–
MRK	Exit	Merk & Co. Inc.	$0	–	-100,000	–	-1.08%	–
DTE	Exit	DTE Energy Co.	$0	–	-72,240	–	-1.08%	–
KMB	Exit	Kimberly-Clark Corp.	$0	–	-51,000	–	-1.09%	–
GE	Exit	General Electric Co.	$0	–	-201,800	–	-1.09%	–
LMT	Exit	Lockheed Martin Corp.	$0	–	-40,100	–	-1.16%	–
D	Exit	Dominion Resources Inc.	$0	–	-82,600	–	-1.17%	–
NWPRCCL	Exit	National Westminster Bank PLCpfd	$0	–	-235,000	–	-1.34%	–
VTV	Exit	Vanguardvalue etf	$0	–	-377,700	–	-5.98%	–
VEA	Exit	Vanguard MSCI EAFEetf	$0	–	-954,800	–	-8.57%	–
VWO	Exit	Vanguardemr mkt etf	$0	–	-1,689,000	–	-15.38%	–
VTI	Exit	Vanguardtot stk mkt etf	$0	–	-909,500	–	-18.08%	–

Q3 2013

			Value		Shares		↓ Weighting
VTI	Buy	Vanguardtot stk mkt etf	$79,718,000	+11.3%	909,500	+5.0%	18.08%	+5.8%
VWO	Buy	Vanguardemr mkt etf	$67,788,000	+9.8%	1,689,000	+6.2%	15.38%	+4.4%
VEA	Buy	Vanguard MSCI EAFEetf	$37,791,000	+13.8%	954,800	+2.3%	8.57%	+8.2%
VTV	Buy	Vanguardvalue etf	$26,360,000	+11.7%	377,700	+8.2%	5.98%	+6.2%
LMT	Sell	Lockheed Martin Corp.	$5,115,000	+4.6%	40,100	-11.1%	1.16%	-0.6%
VVC	Sell	Vectren Corp.	$4,295,000	-8.5%	128,793	-7.2%	0.97%	-13.0%
PEG	Sell	Public Svc Enterprise Group	$4,120,000	-10.0%	125,127	-10.7%	0.93%	-14.5%
COP	Sell	ConocoPhillips	$4,101,000	-1.7%	59,000	-14.5%	0.93%	-6.6%
GAS	Sell	AGL Resources Inc.	$4,047,000	-11.7%	87,924	-17.8%	0.92%	-16.0%
LNT	Sell	Alliant Energy Corp.	$4,008,000	-12.5%	80,889	-11.0%	0.91%	-16.8%
NEE	Sell	Nextera Energy Inc.	$3,912,000	-18.3%	48,800	-17.0%	0.89%	-22.4%
CNP	Sell	CenterPoint Energy Inc.	$3,634,000	-14.8%	151,600	-16.5%	0.82%	-19.1%
AEE	Sell	Ameren Corporation	$3,612,000	-21.5%	103,687	-22.4%	0.82%	-25.4%
RAI	Buy	Reynolds American Inc.	$3,561,000	+13.3%	73,000	+12.3%	0.81%	+7.7%
LEG	Buy	Leggett & Platt Inc.	$3,519,000	+6.1%	116,700	+9.4%	0.80%	+0.9%
APD	Sell	Air Products & Chemicals Inc.	$3,384,000	+0.5%	31,755	-13.6%	0.77%	-4.4%
MO	Buy	Altria Group Inc	$3,331,000	+11.4%	96,959	+13.5%	0.76%	+5.9%
DPS	Buy	Dr Pepper Snapple Group	$2,465,000	+7.4%	55,000	+10.0%	0.56%	+2.0%
PAYX	New	Paychex Inc.	$2,426,000	–	59,700	–	0.55%	–
MCD	New	McDonalds' Corp.	$1,992,000	–	20,700	–	0.45%	–
PNY	New	Piedmont Natural Gas Co	$1,644,000	–	50,000	–	0.37%	–
NJR	New	New Jersey Natural Gas	$1,608,000	–	36,500	–	0.36%	–
RTN	Sell	Raytheon Co.	$1,541,000	-66.7%	20,000	-71.4%	0.35%	-68.3%
POR	New	Portland General Electric Co.	$1,468,000	–	52,000	–	0.33%	–
ABBV	New	AbbVie Inc.	$434,000	–	9,700	–	0.10%	–
RFP	Buy	Resolute Forest Products	$279,000	+11.2%	21,087	+10.8%	0.06%	+5.0%
RPM	Exit	RPM International Inc.	$0	–	-20,000	–	-0.15%	–

Q2 2013

			Value		Shares		↓ Weighting
VTI	New	Vanguardtot stk mkt eft	$71,617,000	–	866,300	–	17.09%	–
VWO	New	Vanguardemr mkt eft	$61,727,000	–	1,591,100	–	14.73%	–
VEA	New	Vanguard MSCI EAFEetf	$33,211,000	–	932,900	–	7.92%	–
VTV	New	Vanguardvalue eft	$23,603,000	–	349,100	–	5.63%	–
NWPRCCL	New	National Westminster Bank PLCpfd	$5,901,000	–	235,000	–	1.41%	–
KMB	New	Kimberly-Clark Corp.	$4,954,000	–	51,000	–	1.18%	–
LMT	New	Lockheed Martin Corp.	$4,892,000	–	45,100	–	1.17%	–
DTE	New	DTE Energy Co.	$4,841,000	–	72,240	–	1.16%	–
PCG	New	PG&E Corp.	$4,833,000	–	105,676	–	1.15%	–
AEP	New	American Electric Power Co.	$4,818,000	–	107,600	–	1.15%	–
XEL	New	Xcel Energy Inc.	$4,810,000	–	169,709	–	1.15%	–
NEE	New	Nextera Energy Inc.	$4,791,000	–	58,800	–	1.14%	–
KRFT	New	Kraft Foods Group Inc.	$4,749,000	–	85,000	–	1.13%	–
VVC	New	Vectren Corp.	$4,695,000	–	138,793	–	1.12%	–
D	New	Dominion Resources Inc.	$4,693,000	–	82,600	–	1.12%	–
GE	New	General Electric Co.	$4,680,000	–	201,800	–	1.12%	–
MRK	New	Merk & Co Inc.	$4,645,000	–	100,000	–	1.11%	–
RTN	New	Raytheon Co.	$4,628,000	–	70,000	–	1.10%	–
AEE	New	Ameren Corporation	$4,604,000	–	133,687	–	1.10%	–
LNT	New	Alliant Energy Corp	$4,583,000	–	90,889	–	1.09%	–
GAS	New	AGL Resources Inc.	$4,583,000	–	106,924	–	1.09%	–
PEG	New	Public Svc Enterprise Group	$4,577,000	–	140,127	–	1.09%	–
CLX	New	Clorox Co.	$4,573,000	–	55,000	–	1.09%	–
WR	New	Westar Energy Inc.	$4,558,000	–	142,623	–	1.09%	–
WM	New	Waste Management Inc.	$4,444,000	–	110,200	–	1.06%	–
P105PS	New	Integrys Energy Group Inc.	$4,429,000	–	75,679	–	1.06%	–
ED	New	Consolidated Edison Inc.	$4,420,000	–	75,801	–	1.05%	–
POM	New	PEPCO Holdings Inc.	$4,408,000	–	218,674	–	1.05%	–
PG	New	Proctor & Gamble Co.	$4,311,000	–	56,000	–	1.03%	–
CMS	New	CMS Energy Corp.	$4,271,000	–	157,179	–	1.02%	–
CNP	New	CenterPoint Energy Inc.	$4,266,000	–	181,600	–	1.02%	–
T	New	AT&T Inc.	$4,248,000	–	120,000	–	1.01%	–
SCG	New	SCANA Corp.	$4,228,000	–	86,100	–	1.01%	–
COP	New	ConocoPhillips	$4,174,000	–	69,000	–	1.00%	–
TE	New	TECO Energy Inc	$4,158,000	–	241,900	–	0.99%	–
BMY	New	Bristol-Myers Squibb Co.	$4,152,000	–	92,904	–	0.99%	–
DUK	New	Duke Energy Corp.	$4,097,000	–	60,700	–	0.98%	–
PPL	New	PPL Corp.	$4,093,000	–	135,259	–	0.98%	–
ETR	New	Entergy Corp.	$4,069,000	–	58,395	–	0.97%	–
SYY	New	Sysco Corp.	$3,990,000	–	116,800	–	0.95%	–
SO	New	Southern Co.	$3,839,000	–	87,000	–	0.92%	–
FE	New	Firstenergy Corp.	$3,724,000	–	99,743	–	0.89%	–
PNW	New	Pinnacle West Capital	$3,373,000	–	60,800	–	0.80%	–
APD	New	Air Products & Chemicals Inc.	$3,366,000	–	36,755	–	0.80%	–
LEG	New	Leggett & Platt Inc.	$3,317,000	–	106,700	–	0.79%	–
EXC	New	Exelon Corp.	$3,243,000	–	105,010	–	0.77%	–
RAI	New	Reynolds American Inc.	$3,144,000	–	65,000	–	0.75%	–
PFE	New	Pfizer Inc.	$3,081,000	–	110,000	–	0.74%	–
VZ	New	Verizon Communications Inc.	$3,020,000	–	60,000	–	0.72%	–
MO	New	Altria Group Inc	$2,990,000	–	85,459	–	0.71%	–
NI	New	Nisource Inc.	$2,592,000	–	90,500	–	0.62%	–
BGS	New	B&G Foods Inc.	$2,530,000	–	74,300	–	0.60%	–
ATO	New	Atmos Energy Corp.	$2,442,000	–	59,468	–	0.58%	–
CVX	New	Chevron Corp.	$2,367,000	–	20,000	–	0.56%	–
DD	New	Dupont E.I. De Nemours	$2,336,000	–	44,500	–	0.56%	–
DPS	New	Dr Pepper Snapple Group	$2,296,000	–	50,000	–	0.55%	–
WIN	New	Windstream Corp.	$2,246,000	–	291,300	–	0.54%	–
DRI	New	Darden Restaurants Inc.	$2,221,000	–	44,000	–	0.53%	–
JNJ	New	Johnson & Johnson	$2,215,000	–	25,800	–	0.53%	–
INTC	New	Intel Corp.	$2,171,000	–	89,600	–	0.52%	–
DOW	New	Dow Chemical	$2,027,000	–	63,000	–	0.48%	–
MCHP	New	Microchip Technology Inc	$2,012,000	–	54,000	–	0.48%	–
CAG	New	Conagra Inc.	$1,746,000	–	50,000	–	0.42%	–
EMR	New	Emerson Electric Co.	$1,145,000	–	21,000	–	0.27%	–
PM	New	Philip Morris Int'l	$866,000	–	10,000	–	0.21%	–
RPM	New	RPM International Inc.	$639,000	–	20,000	–	0.15%	–
CLF	New	Cliffs Natural Resources	$406,000	–	25,000	–	0.10%	–
RFP	New	Resolute Forest Products	$251,000	–	19,026	–	0.06%	–
TWC	New	Time Warner Cable Inc.cl a	$207,000	–	1,844	–	0.05%	–
NEWT	New	Newtek Business Services, Inc.	$25,000	–	12,000	–	0.01%	–
MET	New	Metlife Inc.	$0	–	10	–	0.00%	–

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