Town & Country Bank & Trust CO dba First Bankers Trust CO Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Buy	MICROSOFT CORP	$8,921,200	-7.2%	28,254	+0.1%	4.50%	-4.4%
AVGO	Sell	BROADCOM INC	$7,462,761	-5.7%	8,985	-1.5%	3.76%	-2.9%
AAPL	Sell	APPLE INC	$7,395,929	-11.8%	43,198	-0.1%	3.73%	-9.1%
LLY	Sell	ELI LILLY & CO	$6,570,174	+1.6%	12,232	-11.3%	3.31%	+4.6%
JNJ	Buy	JOHNSON & JOHNSON	$5,613,385	+6.6%	36,041	+13.3%	2.83%	+9.9%
XOM	Buy	EXXON MOBIL CORP	$5,306,267	+19.8%	45,129	+9.3%	2.68%	+23.4%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$5,088,687	-11.8%	32,647	+1.4%	2.57%	-9.2%
CVX	Sell	CHEVRON CORP NEW	$4,841,417	+4.5%	28,712	-2.5%	2.44%	+7.6%
HD	Sell	HOME DEPOT INC	$4,466,226	-3.5%	14,781	-0.8%	2.25%	-0.6%
PG	Sell	PROCTER AND GAMBLE CO	$4,375,216	-12.2%	29,996	-8.7%	2.21%	-9.6%
MDLZ	Buy	MONDELEZ INTL INCcl a	$4,318,831	-3.6%	62,231	+1.3%	2.18%	-0.7%
MRK	Buy	MERCK & CO INC	$4,073,422	-5.2%	39,567	+6.2%	2.05%	-2.4%
ABT	Buy	ABBOTT LABS	$4,065,859	-10.3%	41,981	+1.0%	2.05%	-7.6%
NEE	Sell	NEXTERA ENERGY INC	$3,996,664	-23.1%	69,762	-0.4%	2.02%	-20.8%
PM	Buy	PHILIP MORRIS INTL INC	$3,873,732	+3.0%	41,842	+8.6%	1.95%	+6.1%
ABBV	Buy	ABBVIE INC	$3,598,457	+10.7%	24,141	+0.1%	1.82%	+14.1%
HON	Buy	HONEYWELL INTL INC	$3,572,132	-7.1%	19,336	+4.4%	1.80%	-4.3%
APD	Buy	AIR PRODS & CHEMS INC	$3,394,848	+10.8%	11,979	+17.1%	1.71%	+14.2%
UNH	Buy	UNITEDHEALTH GROUP INC	$3,324,124	+9.8%	6,593	+4.7%	1.68%	+13.1%
DHR	Buy	DANAHER CORPORATION	$3,201,482	+3.8%	12,904	+0.4%	1.61%	+6.9%
PXD	Buy	PIONEER NAT RES CO	$3,171,692	+11.1%	13,817	+0.3%	1.60%	+14.5%
MMC	Sell	MARSH & MCLENNAN COS INC	$3,126,629	+0.5%	16,430	-0.7%	1.58%	+3.5%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,700,790	-5.3%	83,332	+8.7%	1.36%	-2.4%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$2,690,502	-9.3%	15,452	+2.0%	1.36%	-6.5%
PEP	Sell	PEPSICO INC	$2,558,035	-11.2%	15,097	-3.0%	1.29%	-8.6%
KO	Sell	COCA COLA CO	$2,519,939	-7.3%	45,015	-0.3%	1.27%	-4.5%
JPM	Sell	JPMORGAN CHASE & CO	$2,508,555	-1.0%	17,298	-0.7%	1.26%	+1.9%
LECO	Buy	LINCOLN ELEC HLDGS INC	$2,433,440	-4.2%	13,386	+4.7%	1.23%	-1.3%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$2,347,098	+11.7%	9,756	+2.1%	1.18%	+15.2%
UNP	Sell	UNION PAC CORP	$2,328,712	-2.2%	11,436	-1.8%	1.17%	+0.7%
MCD	Buy	MCDONALDS CORP	$2,291,664	+5.9%	8,699	+20.0%	1.16%	+9.2%
COST	Sell	COSTCO WHSL CORP NEW	$2,160,407	+3.7%	3,824	-1.2%	1.09%	+6.8%
ZTS	Sell	ZOETIS INCcl a	$2,106,897	-0.7%	12,110	-1.7%	1.06%	+2.2%
SYY	Buy	SYSCO CORP	$2,088,567	+22.9%	31,621	+38.1%	1.05%	+26.6%
ACN	Sell	ACCENTURE PLC IRELAND	$1,961,818	-1.4%	6,388	-1.0%	0.99%	+1.5%
FANG	Buy	DIAMONDBACK ENERGY INC	$1,715,296	+19.7%	11,075	+1.5%	0.86%	+23.2%
DEO	Buy	DIAGEO PLCspon adr new	$1,713,481	-11.7%	11,486	+2.7%	0.86%	-9.0%
WM	Buy	WASTE MGMT INC DEL	$1,709,767	+1.3%	11,216	+15.2%	0.86%	+4.4%
DIS	Buy	DISNEY WALT CO	$1,688,919	-1.6%	20,838	+8.4%	0.85%	+1.4%
HSY	Sell	HERSHEY CO	$1,653,661	-22.2%	8,265	-2.9%	0.83%	-19.9%
PFE	Sell	PFIZER INC	$1,632,030	-13.6%	49,202	-4.5%	0.82%	-11.0%
CDW	Sell	CDW CORP	$1,618,316	+9.4%	8,021	-0.5%	0.82%	+12.7%
ATO	Buy	ATMOS ENERGY CORP	$1,580,899	-7.8%	14,924	+1.2%	0.80%	-5.1%
LNT	Buy	ALLIANT ENERGY CORP	$1,566,436	+25.8%	32,331	+36.3%	0.79%	+29.7%
CB	Buy	CHUBB LIMITED	$1,483,698	+23.3%	7,127	+14.0%	0.75%	+27.0%
TJX	Sell	TJX COS INC NEW	$1,468,653	+3.9%	16,524	-0.9%	0.74%	+7.1%
ENB	Buy	ENBRIDGE INC	$1,429,957	+0.9%	43,084	+12.9%	0.72%	+3.9%
DOV	Sell	DOVER CORP	$1,427,884	-5.8%	10,235	-0.3%	0.72%	-3.0%
ADI	Buy	ANALOG DEVICES INC	$1,389,164	-1.7%	7,934	+9.4%	0.70%	+1.4%
TGT	Sell	TARGET CORP	$1,346,632	-17.7%	12,179	-1.8%	0.68%	-15.2%
CSX	Buy	CSX CORP	$1,211,150	-9.7%	39,387	+0.1%	0.61%	-7.0%
ORCL	Buy	ORACLE CORP	$1,190,011	-10.9%	11,235	+0.2%	0.60%	-8.3%
NKE	Buy	NIKE INCcl b	$1,178,994	-2.6%	12,330	+12.4%	0.60%	+0.3%
TSCO	Buy	TRACTOR SUPPLY CO	$1,151,090	+79.3%	5,669	+95.2%	0.58%	+84.7%
CSCO	Sell	CISCO SYS INC	$1,122,455	+2.9%	20,879	-1.0%	0.57%	+6.0%
AMZN	Buy	AMAZON COM INC	$1,043,528	-2.2%	8,209	+0.3%	0.53%	+0.8%
V	Sell	VISA INC	$1,033,434	-3.5%	4,493	-0.3%	0.52%	-0.6%
BAH	Buy	BOOZ ALLEN HAMILTON HLDG CORcl a	$869,024	+174.6%	7,953	+180.4%	0.44%	+182.6%
CHD	Sell	CHURCH & DWIGHT CO INC	$856,465	-8.8%	9,347	-0.2%	0.43%	-6.1%
ALB	Buy	ALBEMARLE CORP	$743,074	-23.5%	4,370	+0.4%	0.38%	-21.1%
CINF	Sell	CINCINNATI FINL CORP	$723,701	+3.2%	7,075	-1.8%	0.36%	+6.4%
GOOGL	Buy	ALPHABET INCcap stk cl a	$615,042	+10.0%	4,700	+0.6%	0.31%	+13.1%
SHW	Sell	SHERWIN WILLIAMS CO	$602,428	-66.6%	2,362	-65.3%	0.30%	-65.6%
DVN	Sell	DEVON ENERGY CORP NEW	$600,543	-14.9%	12,590	-13.8%	0.30%	-12.4%
OKE	New	ONEOK INC NEW	$577,078	–	9,097	–	0.29%	–
RTX	Buy	RTX CORPORATION	$496,305	-25.7%	6,896	+1.1%	0.25%	-23.5%
MMM	Buy	3M CO	$469,785	-1.6%	5,018	+5.2%	0.24%	+1.3%
SPGI	Buy	S&P GLOBAL INC	$466,628	-7.9%	1,277	+1.0%	0.24%	-5.2%
SRE	Buy	SEMPRA	$462,467	-6.5%	6,798	+100.0%	0.23%	-3.7%
T	Sell	AT&T INC	$406,546	-7.6%	27,067	-1.9%	0.20%	-4.7%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$361,284	+3.7%	13,200	-0.2%	0.18%	+6.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$351,451	-3.8%	2,505	-8.2%	0.18%	-1.1%
MO	Sell	ALTRIA GROUP INC	$311,590	-8.7%	7,410	-1.6%	0.16%	-6.0%
BTAL	New	AGF INVTS TRus market netrl	$308,823	–	15,550	–	0.16%	–
VGSH	Sell	VANGUARD SCOTTSDALE FDSshort term treas	$279,302	-32.6%	4,849	-32.4%	0.14%	-30.5%
SBUX	Buy	STARBUCKS CORP	$274,448	-7.8%	3,007	+0.1%	0.14%	-5.5%
XYL	Sell	XYLEM INC	$267,173	-28.9%	2,935	-12.0%	0.14%	-26.6%
QQQ	Buy	INVESCO QQQ TRunit ser 1	$243,981	+0.7%	681	+3.8%	0.12%	+3.4%
TLT	New	ISHARES TR20 yr tr bd etf	$227,933	–	2,570	–	0.12%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$200,371	–	572	–	0.10%	–
BAX	Exit	BAXTER INTL INC	$0	–	-5,283	–	-0.12%	–
WEC	Exit	WEC ENERGY GROUP INC	$0	–	-3,677	–	-0.16%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-32,875	–	-0.22%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,640	–	-0.42%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$9,608,676	–	28,216	–	4.70%	–
AAPL	New	APPLE INC	$8,385,129	–	43,229	–	4.10%	–
AVGO	New	BROADCOM INC	$7,914,431	–	9,124	–	3.87%	–
LLY	New	LILLY ELI & CO	$6,467,703	–	13,791	–	3.17%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,770,774	–	32,194	–	2.82%	–
JNJ	New	JOHNSON & JOHNSON	$5,264,032	–	31,803	–	2.58%	–
NEE	New	NEXTERA ENERGY INC	$5,197,190	–	70,043	–	2.54%	–
PG	New	PROCTER AND GAMBLE CO	$4,983,596	–	32,843	–	2.44%	–
CVX	New	CHEVRON CORP NEW	$4,634,586	–	29,454	–	2.27%	–
HD	New	HOME DEPOT INC	$4,629,467	–	14,903	–	2.27%	–
ABT	New	ABBOTT LABS	$4,530,871	–	41,560	–	2.22%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,481,652	–	61,443	–	2.19%	–
XOM	New	EXXON MOBIL CORP	$4,429,746	–	41,303	–	2.17%	–
MRK	New	MERCK & CO INC	$4,298,046	–	37,248	–	2.10%	–
HON	New	HONEYWELL INTL INC	$3,844,352	–	18,527	–	1.88%	–
PM	New	PHILIP MORRIS INTL INC	$3,761,493	–	38,532	–	1.84%	–
ABBV	New	ABBVIE INC	$3,250,630	–	24,127	–	1.59%	–
MMC	New	MARSH & MCLENNAN COS INC	$3,110,655	–	16,539	–	1.52%	–
DHR	New	DANAHER CORPORATION	$3,084,000	–	12,850	–	1.51%	–
APD	New	AIR PRODS & CHEMS INC	$3,062,993	–	10,226	–	1.50%	–
UNH	New	UNITEDHEALTH GROUP INC	$3,028,032	–	6,300	–	1.48%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$2,966,502	–	15,153	–	1.45%	–
PEP	New	PEPSICO INC	$2,882,023	–	15,560	–	1.41%	–
PXD	New	PIONEER NAT RES CO	$2,854,733	–	13,779	–	1.40%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,851,245	–	76,667	–	1.40%	–
KO	New	COCA COLA CO	$2,718,150	–	45,137	–	1.33%	–
LECO	New	LINCOLN ELEC HLDGS INC	$2,539,683	–	12,786	–	1.24%	–
JPM	New	JPMORGAN CHASE & CO	$2,534,728	–	17,428	–	1.24%	–
UNP	New	UNION PAC CORP	$2,382,186	–	11,642	–	1.17%	–
MPC	New	MARATHON PETE CORP	$2,240,002	–	19,211	–	1.10%	–
MCD	New	MCDONALDS CORP	$2,163,174	–	7,249	–	1.06%	–
HSY	New	HERSHEY CO	$2,126,195	–	8,515	–	1.04%	–
ZTS	New	ZOETIS INCcl a	$2,121,454	–	12,319	–	1.04%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$2,100,972	–	9,559	–	1.03%	–
COST	New	COSTCO WHSL CORP NEW	$2,083,530	–	3,870	–	1.02%	–
ACN	New	ACCENTURE PLC IRELAND	$1,990,341	–	6,450	–	0.97%	–
DEO	New	DIAGEO PLCspon adr new	$1,939,506	–	11,180	–	0.95%	–
PFE	New	PFIZER INC	$1,889,533	–	51,514	–	0.92%	–
SHW	New	SHERWIN WILLIAMS CO	$1,806,332	–	6,803	–	0.88%	–
ATO	New	ATMOS ENERGY CORP	$1,715,200	–	14,743	–	0.84%	–
DIS	New	DISNEY WALT CO	$1,716,675	–	19,228	–	0.84%	–
SYY	New	SYSCO CORP	$1,698,883	–	22,896	–	0.83%	–
WM	New	WASTE MGMT INC DEL	$1,687,723	–	9,732	–	0.83%	–
BFA	New	BROWN FORMAN CORPcl a	$1,654,305	–	24,303	–	0.81%	–
TGT	New	TARGET CORP	$1,636,087	–	12,404	–	0.80%	–
DOV	New	DOVER CORP	$1,515,036	–	10,261	–	0.74%	–
CDW	New	CDW CORP	$1,478,643	–	8,058	–	0.72%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,433,137	–	10,910	–	0.70%	–
ENB	New	ENBRIDGE INC	$1,417,346	–	38,152	–	0.69%	–
TJX	New	TJX COS INC NEW	$1,413,703	–	16,673	–	0.69%	–
ADI	New	ANALOG DEVICES INC	$1,412,567	–	7,251	–	0.69%	–
CSX	New	CSX CORP	$1,341,937	–	39,353	–	0.66%	–
ORCL	New	ORACLE CORP	$1,335,237	–	11,212	–	0.65%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,302,788	–	18,203	–	0.64%	–
BFB	New	BROWN FORMAN CORPcl b	$1,249,654	–	18,713	–	0.61%	–
LNT	New	ALLIANT ENERGY CORP	$1,244,983	–	23,723	–	0.61%	–
NKE	New	NIKE INCcl b	$1,210,869	–	10,971	–	0.59%	–
CB	New	CHUBB LIMITED	$1,203,500	–	6,250	–	0.59%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,178,790	–	18,433	–	0.58%	–
CSCO	New	CISCO SYS INC	$1,091,041	–	21,087	–	0.53%	–
V	New	VISA INC	$1,070,559	–	4,508	–	0.52%	–
AMZN	New	AMAZON COM INC	$1,066,866	–	8,184	–	0.52%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,030,664	–	8,520	–	0.50%	–
WMT	New	WALMART INC	$1,005,794	–	6,399	–	0.49%	–
ALB	New	ALBEMARLE CORP	$971,333	–	4,354	–	0.48%	–
CHD	New	CHURCH & DWIGHT CO INC	$938,754	–	9,366	–	0.46%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$930,159	–	6,516	–	0.46%	–
RPM	New	RPM INTL INC	$902,235	–	10,055	–	0.44%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$850,044	–	13,640	–	0.42%	–
CLX	New	CLOROX CO DEL	$822,872	–	5,174	–	0.40%	–
KMB	New	KIMBERLY-CLARK CORP	$751,874	–	5,446	–	0.37%	–
DVN	New	DEVON ENERGY CORP NEW	$705,812	–	14,601	–	0.35%	–
COP	New	CONOCOPHILLIPS	$699,781	–	6,754	–	0.34%	–
CINF	New	CINCINNATI FINL CORP	$701,385	–	7,207	–	0.34%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$668,185	–	6,821	–	0.33%	–
CCI	New	CROWN CASTLE INC	$651,167	–	5,715	–	0.32%	–
TSCO	New	TRACTOR SUPPLY CO	$642,074	–	2,904	–	0.31%	–
WY	New	WEYERHAEUSER CO MTN BE	$620,940	–	18,530	–	0.30%	–
GOOGL	New	ALPHABET INCcap stk cl a	$558,999	–	4,670	–	0.27%	–
CHDN	New	CHURCHILL DOWNS INC	$549,164	–	3,946	–	0.27%	–
SPGI	New	S&P GLOBAL INC	$506,724	–	1,264	–	0.25%	–
SRE	New	SEMPRA	$494,860	–	3,399	–	0.24%	–
EMR	New	EMERSON ELEC CO	$485,846	–	5,375	–	0.24%	–
MMM	New	3M CO	$477,229	–	4,768	–	0.23%	–
D	New	DOMINION ENERGY INC	$464,711	–	8,973	–	0.23%	–
GGG	New	GRACO INC	$457,655	–	5,300	–	0.22%	–
SH	New	PROSHARES TRshort s&p 500 ne	$456,305	–	32,875	–	0.22%	–
T	New	AT&T INC	$440,076	–	27,591	–	0.22%	–
WTRG	New	ESSENTIAL UTILS INC	$425,280	–	10,656	–	0.21%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshort term treas	$414,270	–	7,176	–	0.20%	–
XYL	New	XYLEM INC	$375,587	–	3,335	–	0.18%	–
MKC	New	MCCORMICK & CO INC	$367,238	–	4,210	–	0.18%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$365,301	–	2,730	–	0.18%	–
AMGN	New	AMGEN INC	$359,672	–	1,620	–	0.18%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$348,347	–	13,220	–	0.17%	–
MO	New	ALTRIA GROUP INC	$341,109	–	7,530	–	0.17%	–
SYK	New	STRYKER CORPORATION	$335,599	–	1,100	–	0.16%	–
WEC	New	WEC ENERGY GROUP INC	$324,458	–	3,677	–	0.16%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$323,114	–	2,200	–	0.16%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$316,497	–	2,836	–	0.16%	–
CL	New	COLGATE PALMOLIVE CO	$315,478	–	4,095	–	0.15%	–
NOC	New	NORTHROP GRUMMAN CORP	$307,665	–	675	–	0.15%	–
SBUX	New	STARBUCKS CORP	$297,675	–	3,005	–	0.15%	–
	New	FIRST FARMERS BANK HOLDING CO CDT	$293,434	–	7,950	–	0.14%	–
DUK	New	DUKE ENERGY CORP NEW	$294,436	–	3,281	–	0.14%	–
UL	New	UNILEVER PLCspon adr new	$280,198	–	5,375	–	0.14%	–
ITW	New	ILLINOIS TOOL WKS INC	$262,668	–	1,050	–	0.13%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$253,048	–	485	–	0.12%	–
PSX	New	PHILLIPS 66	$252,184	–	2,644	–	0.12%	–
CAT	New	CATERPILLAR INC	$243,835	–	991	–	0.12%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$242,339	–	656	–	0.12%	–
BAX	New	BAXTER INTL INC	$240,693	–	5,283	–	0.12%	–
PNC	New	PNC FINL SVCS GROUP INC	$237,037	–	1,882	–	0.12%	–
SAIC	New	SCIENCE APPLICATIONS INTL CO	$234,633	–	2,086	–	0.12%	–
	New	FEDERAL RLTY INVT TR NEWsh ben int new	$229,828	–	2,375	–	0.11%	–
ISTB	New	ISHARES TRcore 1 5 yr usd	$206,475	–	4,427	–	0.10%	–

Q4 2022

			Value		Shares		↓ Weighting
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,150	–	-0.12%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,924	–	-0.14%	–
ISTB	Exit	ISHARES TRcore 1 5 yr usd	$0	–	-5,406	–	-0.14%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,230	–	-0.14%	–
	Exit	FIRST FARMERS BANK HOLDING CO CDT	$0	–	-7,950	–	-0.15%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-6,015	–	-0.15%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-1,916	–	-0.16%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-4,095	–	-0.16%	–
BAX	Exit	BAXTER INTL INC	$0	–	-5,750	–	-0.18%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,718	–	-0.18%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,360	–	-0.18%	–
GGG	Exit	GRACO INC	$0	–	-5,300	–	-0.18%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-675	–	-0.18%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,965	–	-0.18%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-4,627	–	-0.19%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-2,130	–	-0.20%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-1,933	–	-0.20%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-15,640	–	-0.21%	–
AMGN	Exit	AMGEN INC	$0	–	-1,681	–	-0.22%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-5,375	–	-0.23%	–
T	Exit	AT&T INC	$0	–	-26,963	–	-0.24%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,636	–	-0.25%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-10,964	–	-0.26%	–
XYL	Exit	XYLEM INC	$0	–	-5,255	–	-0.26%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-5,240	–	-0.29%	–
SRE	Exit	SEMPRA	$0	–	-3,399	–	-0.29%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDSshort term treas	$0	–	-8,849	–	-0.29%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-18,530	–	-0.30%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-3,670	–	-0.30%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-6,712	–	-0.32%	–
MMM	Exit	3M CO	$0	–	-5,052	–	-0.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-6,236	–	-0.34%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-5,574	–	-0.36%	–
D	Exit	DOMINION ENERGY INC	$0	–	-9,182	–	-0.36%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,640	–	-0.37%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-6,874	–	-0.40%	–
CLX	Exit	CLOROX CO DEL	$0	–	-5,809	–	-0.43%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-8,570	–	-0.44%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-10,764	–	-0.44%	–
ORCL	Exit	ORACLE CORP	$0	–	-13,014	–	-0.46%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-8,300	–	-0.46%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-2,648	–	-0.46%	–
V	Exit	VISA INC	$0	–	-4,696	–	-0.48%	–
RPM	Exit	RPM INTL INC	$0	–	-10,279	–	-0.49%	–
WMT	Exit	WALMART INC	$0	–	-6,605	–	-0.49%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-6,596	–	-0.49%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-6,270	–	-0.50%	–
DVN	Exit	DEVON ENERGY CORP NEW	$0	–	-15,008	–	-0.52%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-21,262	–	-0.53%	–
AMZN	Exit	AMAZON COM INC	$0	–	-8,285	–	-0.54%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-18,468	–	-0.58%	–
CSX	Exit	CSX CORP	$0	–	-38,397	–	-0.59%	–
CB	Exit	CHUBB LIMITED	$0	–	-5,987	–	-0.62%	–
SYY	Exit	SYSCO CORP	$0	–	-15,830	–	-0.64%	–
TJX	Exit	TJX COS INC NEW	$0	–	-18,368	–	-0.65%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-21,619	–	-0.66%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-4,348	–	-0.66%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-5,873	–	-0.69%	–
CSCO	Exit	CISCO SYS INC	$0	–	-30,088	–	-0.69%	–
CDW	Exit	CDW CORP	$0	–	-8,345	–	-0.75%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-18,433	–	-0.75%	–
FANG	Exit	DIAMONDBACK ENERGY INC	$0	–	-11,094	–	-0.77%	–
NKE	Exit	NIKE INCcl b	$0	–	-16,276	–	-0.78%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-13,686	–	-0.80%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-21,015	–	-0.80%	–
ENB	Exit	ENBRIDGE INC	$0	–	-38,960	–	-0.83%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-8,646	–	-0.84%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-3,619	–	-0.98%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,849	–	-1.01%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-26,088	–	-1.01%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,680	–	-1.02%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-14,274	–	-1.03%	–
HSY	Exit	HERSHEY CO	$0	–	-8,490	–	-1.07%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-8,518	–	-1.10%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-19,451	–	-1.11%	–
DOV	Exit	DOVER CORP	$0	–	-17,175	–	-1.15%	–
UNP	Exit	UNION PAC CORP	$0	–	-10,767	–	-1.20%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-14,562	–	-1.24%	–
TGT	Exit	TARGET CORP	$0	–	-15,125	–	-1.29%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-9,763	–	-1.30%	–
MRK	Exit	MERCK & CO INC	$0	–	-28,411	–	-1.40%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-16,636	–	-1.42%	–
KO	Exit	COCA COLA CO	$0	–	-45,248	–	-1.45%	–
PEP	Exit	PEPSICO INC	$0	–	-15,537	–	-1.46%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-24,509	–	-1.47%	–
PXD	Exit	PIONEER NAT RES CO	$0	–	-11,945	–	-1.48%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-31,707	–	-1.51%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-70,086	–	-1.53%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,483	–	-1.59%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-13,760	–	-1.64%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-18,650	–	-1.79%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-12,523	–	-1.86%	–
ABBV	Exit	ABBVIE INC	$0	–	-24,303	–	-1.87%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-62,442	–	-1.96%	–
PFE	Exit	PFIZER INC	$0	–	-80,842	–	-2.03%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-41,961	–	-2.10%	–
ABT	Exit	ABBOTT LABS	$0	–	-39,382	–	-2.19%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-27,761	–	-2.29%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-25,281	–	-2.37%	–
HD	Exit	HOME DEPOT INC	$0	–	-15,040	–	-2.38%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-33,917	–	-2.46%	–
AVGO	Exit	BROADCOM INC	$0	–	-10,642	–	-2.71%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-30,788	–	-2.85%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-66,544	–	-2.99%	–
LLY	Exit	LILLY ELI & CO	$0	–	-19,563	–	-3.63%	–
AAPL	Exit	APPLE INC	$0	–	-46,326	–	-3.67%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-30,706	–	-4.10%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$7,151,000	-12.5%	30,706	-3.5%	4.10%	-4.2%
AAPL	Sell	APPLE INC	$6,402,000	-11.3%	46,326	-12.3%	3.67%	-2.9%
LLY	Sell	LILLY ELI & CO	$6,326,000	-0.4%	19,563	-0.2%	3.63%	+9.0%
NEE	Sell	NEXTERA ENERGY INC	$5,218,000	-2.2%	66,544	-3.4%	2.99%	+7.1%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$4,973,000	-10.4%	30,788	+1.2%	2.85%	-2.0%
AVGO	Sell	BROADCOM INC	$4,725,000	-9.2%	10,642	-0.7%	2.71%	-0.6%
PG	Buy	PROCTER AND GAMBLE CO	$4,282,000	-9.4%	33,917	+3.2%	2.46%	-0.8%
HD	Buy	HOME DEPOT INC	$4,150,000	+1.5%	15,040	+0.9%	2.38%	+11.2%
JNJ	Sell	JOHNSON & JOHNSON	$4,130,000	-8.1%	25,281	-0.1%	2.37%	+0.6%
CVX	Sell	CHEVRON CORP NEW	$3,988,000	-1.8%	27,761	-1.0%	2.29%	+7.5%
ABT	Buy	ABBOTT LABS	$3,811,000	-8.9%	39,382	+2.2%	2.19%	-0.3%
PFE	Sell	PFIZER INC	$3,538,000	-19.5%	80,842	-3.5%	2.03%	-11.9%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,424,000	-12.1%	62,442	-0.4%	1.96%	-3.7%
ABBV	Sell	ABBVIE INC	$3,262,000	-15.9%	24,303	-4.0%	1.87%	-7.9%
DHR	Sell	DANAHER CORPORATION	$3,235,000	-1.6%	12,523	-3.5%	1.86%	+7.7%
HON	Buy	HONEYWELL INTL INC	$3,114,000	-3.1%	18,650	+0.8%	1.79%	+6.1%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$2,860,000	-13.5%	13,760	+0.5%	1.64%	-5.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$2,769,000	-4.3%	5,483	-2.7%	1.59%	+4.7%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,661,000	-24.1%	70,086	+1.5%	1.53%	-16.9%
PM	Sell	PHILIP MORRIS INTL INC	$2,632,000	-17.2%	31,707	-1.6%	1.51%	-9.4%
PXD	Buy	PIONEER NAT RES CO	$2,586,000	+2.3%	11,945	+5.4%	1.48%	+12.0%
JPM	Sell	JPMORGAN CHASE & CO	$2,561,000	-11.8%	24,509	-4.9%	1.47%	-3.4%
PEP	Sell	PEPSICO INC	$2,537,000	-3.5%	15,537	-1.5%	1.46%	+5.6%
KO	Sell	COCA COLA CO	$2,535,000	-12.2%	45,248	-1.4%	1.45%	-3.9%
MMC	Sell	MARSH & MCLENNAN COS INC	$2,484,000	-5.8%	16,636	-2.1%	1.42%	+3.1%
MRK	Sell	MERCK & CO INC	$2,447,000	-8.3%	28,411	-2.9%	1.40%	+0.4%
APD	Buy	AIR PRODS & CHEMS INC	$2,272,000	-2.0%	9,763	+1.3%	1.30%	+7.3%
TGT	Buy	TARGET CORP	$2,244,000	+39.6%	15,125	+32.9%	1.29%	+52.9%
ZTS	Sell	ZOETIS INCcl a	$2,159,000	-14.0%	14,562	-0.3%	1.24%	-5.9%
UNP	Buy	UNION PAC CORP	$2,098,000	-6.7%	10,767	+2.2%	1.20%	+2.1%
DOV	Sell	DOVER CORP	$2,002,000	-5.0%	17,175	-1.2%	1.15%	+4.0%
MPC	Sell	MARATHON PETE CORP	$1,932,000	+17.6%	19,451	-2.7%	1.11%	+28.7%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$1,927,000	+8.6%	8,518	+0.8%	1.10%	+18.8%
HSY	Sell	HERSHEY CO	$1,872,000	-8.3%	8,490	-10.5%	1.07%	+0.4%
LECO	Sell	LINCOLN ELEC HLDGS INC	$1,795,000	+0.8%	14,274	-1.1%	1.03%	+10.3%
MCD	Sell	MCDONALDS CORP	$1,772,000	-9.6%	7,680	-3.3%	1.02%	-1.1%
BFA	Sell	BROWN FORMAN CORPcl a	$1,763,000	-7.2%	26,088	-7.1%	1.01%	+1.6%
ACN	Sell	ACCENTURE PLC IRELAND	$1,762,000	-12.6%	6,849	-5.6%	1.01%	-4.3%
COST	Buy	COSTCO WHSL CORP NEW	$1,709,000	+12.1%	3,619	+13.7%	0.98%	+22.7%
DEO	Buy	DIAGEO PLCspon adr new	$1,468,000	-1.5%	8,646	+1.0%	0.84%	+7.8%
ENB	Sell	ENBRIDGE INC	$1,445,000	-14.7%	38,960	-2.8%	0.83%	-6.6%
BFB	Sell	BROWN FORMAN CORPcl b	$1,399,000	-7.3%	21,015	-2.3%	0.80%	+1.4%
ATO	Sell	ATMOS ENERGY CORP	$1,394,000	-12.8%	13,686	-4.0%	0.80%	-4.5%
NKE	Sell	NIKE INCcl b	$1,353,000	-21.3%	16,276	-3.3%	0.78%	-13.9%
FANG	Buy	DIAMONDBACK ENERGY INC	$1,336,000	+6.1%	11,094	+6.7%	0.77%	+16.1%
CDW	Sell	CDW CORP	$1,302,000	-3.0%	8,345	-2.0%	0.75%	+6.3%
CSCO	Sell	CISCO SYS INC	$1,204,000	-26.6%	30,088	-21.8%	0.69%	-19.7%
SHW	Buy	SHERWIN WILLIAMS CO	$1,202,000	+18.1%	5,873	+29.2%	0.69%	+29.3%
LNT	Buy	ALLIANT ENERGY CORP	$1,146,000	-1.6%	21,619	+8.8%	0.66%	+7.7%
TJX	Sell	TJX COS INC NEW	$1,141,000	+2.9%	18,368	-7.5%	0.65%	+12.6%
SYY	Buy	SYSCO CORP	$1,119,000	-3.6%	15,830	+15.5%	0.64%	+5.6%
CB	Buy	CHUBB LIMITED	$1,089,000	+4.5%	5,987	+12.9%	0.62%	+14.5%
CSX	Sell	CSX CORP	$1,023,000	-8.6%	38,397	-0.3%	0.59%	+0.2%
AMZN	Buy	AMAZON COM INC	$936,000	+10.5%	8,285	+3.9%	0.54%	+20.9%
TFC	Buy	TRUIST FINL CORP	$926,000	-4.0%	21,262	+4.5%	0.53%	+4.9%
DVN	Buy	DEVON ENERGY CORP NEW	$902,000	+16.7%	15,008	+7.1%	0.52%	+27.7%
ADI	Buy	ANALOG DEVICES INC	$874,000	+116.3%	6,270	+126.8%	0.50%	+136.3%
WMT	Sell	WALMART INC	$857,000	-0.6%	6,605	-6.9%	0.49%	+8.8%
RPM	Sell	RPM INTL INC	$856,000	-1.6%	10,279	-6.9%	0.49%	+7.7%
V	Sell	VISA INC	$834,000	-17.4%	4,696	-8.4%	0.48%	-9.6%
SPGI	Sell	S&P GLOBAL INC	$809,000	-11.6%	2,648	-2.4%	0.46%	-3.1%
GOOG	Buy	ALPHABET INCcap stk cl c	$798,000	-12.1%	8,300	+1900.0%	0.46%	-3.8%
ORCL	Sell	ORACLE CORP	$795,000	-13.5%	13,014	-1.1%	0.46%	-5.2%
CHD	Sell	CHURCH & DWIGHT CO INC	$769,000	-27.3%	10,764	-5.8%	0.44%	-20.4%
CINF	Sell	CINCINNATI FINL CORP	$768,000	-29.3%	8,570	-6.1%	0.44%	-22.7%
KMB	Sell	KIMBERLY-CLARK CORP	$627,000	-19.6%	5,574	-3.5%	0.36%	-12.0%
DIS	Buy	DISNEY WALT CO	$588,000	+0.3%	6,236	+0.5%	0.34%	+9.8%
MMM	Sell	3M CO	$558,000	-16.1%	5,052	-1.7%	0.32%	-8.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$549,000	-13.5%	6,712	+1.6%	0.32%	-5.4%
VGSH	Sell	VANGUARD SCOTTSDALE FDSshort term treas	$511,000	-28.8%	8,849	-27.4%	0.29%	-22.1%
GOOGL	Buy	ALPHABET INCcap stk cl a	$501,000	-7.7%	5,240	+2004.4%	0.29%	+1.1%
XYL	Sell	XYLEM INC	$459,000	+5.8%	5,255	-5.4%	0.26%	+15.9%
WTRG	Sell	ESSENTIAL UTILS INC	$454,000	-17.3%	10,964	-8.4%	0.26%	-9.7%
T	Sell	AT&T INC	$414,000	-27.0%	26,963	-0.4%	0.24%	-20.2%
AMGN	Sell	AMGEN INC	$379,000	-7.6%	1,681	-0.3%	0.22%	+0.9%
CRWD	Buy	CROWDSTRIKE HLDGS INCcl a	$351,000	-1.4%	2,130	+0.9%	0.20%	+7.5%
MKC	Sell	MCCORMICK & CO INC	$330,000	-14.9%	4,627	-0.6%	0.19%	-6.9%
MO	Sell	ALTRIA GROUP INC	$322,000	-12.0%	7,965	-9.1%	0.18%	-3.6%
GGG	Sell	GRACO INC	$318,000	-21.3%	5,300	-22.1%	0.18%	-14.2%
SBUX	Sell	STARBUCKS CORP	$313,000	-32.5%	3,718	-38.8%	0.18%	-25.9%
DUK	Sell	DUKE ENERGY CORP NEW	$313,000	-14.7%	3,360	-1.8%	0.18%	-6.2%
BAX	Sell	BAXTER INTL INC	$310,000	-26.4%	5,750	-12.2%	0.18%	-19.5%
CL	Sell	COLGATE PALMOLIVE CO	$288,000	-17.7%	4,095	-6.3%	0.16%	-9.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$286,000	-33.3%	1,916	-29.5%	0.16%	-27.1%
ISTB	Sell	ISHARES TRcore 1 5 yr usd	$249,000	-77.1%	5,406	-76.4%	0.14%	-74.8%
USB	Exit	US BANCORP DEL	$0	–	-4,756	–	-0.12%	–
INTC	Exit	INTEL CORP	$0	–	-5,951	–	-0.12%	–
VFC	Exit	V F CORP	$0	–	-5,133	–	-0.12%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-1,800	–	-0.13%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,992	–	-0.19%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-6,613	–	-0.52%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$8,170,000	–	31,811	–	4.28%	–
AAPL	New	APPLE INC	$7,218,000	–	52,795	–	3.78%	–
LLY	New	LILLY ELI & CO	$6,353,000	–	19,593	–	3.33%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,553,000	–	30,420	–	2.91%	–
NEE	New	NEXTERA ENERGY INC	$5,334,000	–	68,867	–	2.80%	–
AVGO	New	BROADCOM INC	$5,205,000	–	10,714	–	2.73%	–
PG	New	PROCTER AND GAMBLE CO	$4,725,000	–	32,863	–	2.48%	–
JNJ	New	JOHNSON & JOHNSON	$4,494,000	–	25,315	–	2.36%	–
PFE	New	PFIZER INC	$4,394,000	–	83,813	–	2.30%	–
ABT	New	ABBOTT LABS	$4,185,000	–	38,520	–	2.19%	–
HD	New	HOME DEPOT INC	$4,087,000	–	14,902	–	2.14%	–
CVX	New	CHEVRON CORP NEW	$4,061,000	–	28,050	–	2.13%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,894,000	–	62,712	–	2.04%	–
ABBV	New	ABBVIE INC	$3,877,000	–	25,314	–	2.03%	–
XOM	New	EXXON MOBIL CORP	$3,594,000	–	41,961	–	1.88%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,505,000	–	69,069	–	1.84%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$3,308,000	–	13,688	–	1.73%	–
DHR	New	DANAHER CORPORATION	$3,289,000	–	12,975	–	1.72%	–
HON	New	HONEYWELL INTL INC	$3,215,000	–	18,499	–	1.68%	–
PM	New	PHILIP MORRIS INTL INC	$3,180,000	–	32,208	–	1.67%	–
JPM	New	JPMORGAN CHASE & CO	$2,902,000	–	25,772	–	1.52%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,893,000	–	5,633	–	1.52%	–
KO	New	COCA COLA CO	$2,888,000	–	45,901	–	1.51%	–
MRK	New	MERCK & CO INC	$2,668,000	–	29,263	–	1.40%	–
MMC	New	MARSH & MCLENNAN COS INC	$2,638,000	–	16,994	–	1.38%	–
PEP	New	PEPSICO INC	$2,630,000	–	15,781	–	1.38%	–
PXD	New	PIONEER NAT RES CO	$2,528,000	–	11,333	–	1.32%	–
ZTS	New	ZOETIS INCcl a	$2,510,000	–	14,604	–	1.32%	–
APD	New	AIR PRODS & CHEMS INC	$2,318,000	–	9,641	–	1.21%	–
UNP	New	UNION PAC CORP	$2,248,000	–	10,538	–	1.18%	–
DOV	New	DOVER CORP	$2,108,000	–	17,378	–	1.10%	–
HSY	New	HERSHEY CO	$2,042,000	–	9,490	–	1.07%	–
ACN	New	ACCENTURE PLC IRELAND	$2,015,000	–	7,259	–	1.06%	–
MCD	New	MCDONALDS CORP	$1,960,000	–	7,941	–	1.03%	–
BFA	New	BROWN FORMAN CORPcl a	$1,900,000	–	28,088	–	1.00%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,780,000	–	14,432	–	0.93%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$1,775,000	–	8,451	–	0.93%	–
NKE	New	NIKE INCcl b	$1,720,000	–	16,826	–	0.90%	–
ENB	New	ENBRIDGE INC	$1,694,000	–	40,095	–	0.89%	–
MPC	New	MARATHON PETE CORP	$1,643,000	–	19,981	–	0.86%	–
CSCO	New	CISCO SYS INC	$1,641,000	–	38,482	–	0.86%	–
TGT	New	TARGET CORP	$1,607,000	–	11,379	–	0.84%	–
ATO	New	ATMOS ENERGY CORP	$1,598,000	–	14,259	–	0.84%	–
COST	New	COSTCO WHSL CORP NEW	$1,525,000	–	3,182	–	0.80%	–
BFB	New	BROWN FORMAN CORPcl b	$1,509,000	–	21,515	–	0.79%	–
DEO	New	DIAGEO PLCspon adr new	$1,491,000	–	8,561	–	0.78%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,419,000	–	18,433	–	0.74%	–
CDW	New	CDW CORP	$1,342,000	–	8,515	–	0.70%	–
FANG	New	DIAMONDBACK ENERGY INC	$1,259,000	–	10,395	–	0.66%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,220,000	–	18,468	–	0.64%	–
LNT	New	ALLIANT ENERGY CORP	$1,165,000	–	19,872	–	0.61%	–
SYY	New	SYSCO CORP	$1,161,000	–	13,706	–	0.61%	–
CSX	New	CSX CORP	$1,119,000	–	38,497	–	0.59%	–
TJX	New	TJX COS INC NEW	$1,109,000	–	19,849	–	0.58%	–
CINF	New	CINCINNATI FINL CORP	$1,086,000	–	9,125	–	0.57%	–
ISTB	New	ISHARES TRcore 1 5 yr usd	$1,085,000	–	22,897	–	0.57%	–
CHD	New	CHURCH & DWIGHT CO INC	$1,058,000	–	11,421	–	0.55%	–
CB	New	CHUBB LIMITED	$1,042,000	–	5,301	–	0.55%	–
SHW	New	SHERWIN WILLIAMS CO	$1,018,000	–	4,547	–	0.53%	–
V	New	VISA INC	$1,010,000	–	5,128	–	0.53%	–
NVDA	New	NVIDIA CORPORATION	$1,002,000	–	6,613	–	0.52%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$981,000	–	6,596	–	0.51%	–
TFC	New	TRUIST FINL CORP	$965,000	–	20,345	–	0.51%	–
ORCL	New	ORACLE CORP	$919,000	–	13,160	–	0.48%	–
SPGI	New	S&P GLOBAL INC	$915,000	–	2,714	–	0.48%	–
GOOG	New	ALPHABET INCcap stk cl c	$908,000	–	415	–	0.48%	–
ALB	New	ALBEMARLE CORP	$909,000	–	4,348	–	0.48%	–
RPM	New	RPM INTL INC	$870,000	–	11,046	–	0.46%	–
WMT	New	WALMART INC	$862,000	–	7,092	–	0.45%	–
AMZN	New	AMAZON COM INC	$847,000	–	7,976	–	0.44%	–
CLX	New	CLOROX CO DEL	$819,000	–	5,809	–	0.43%	–
KMB	New	KIMBERLY-CLARK CORP	$780,000	–	5,774	–	0.41%	–
DVN	New	DEVON ENERGY CORP NEW	$773,000	–	14,019	–	0.40%	–
D	New	DOMINION ENERGY INC	$733,000	–	9,182	–	0.38%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshort term treas	$718,000	–	12,196	–	0.38%	–
MMM	New	3M CO	$665,000	–	5,140	–	0.35%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$651,000	–	13,640	–	0.34%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$635,000	–	6,606	–	0.33%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$618,000	–	3,670	–	0.32%	–
COP	New	CONOCOPHILLIPS	$617,000	–	6,874	–	0.32%	–
WY	New	WEYERHAEUSER CO MTN BE	$614,000	–	18,530	–	0.32%	–
DIS	New	DISNEY WALT CO	$586,000	–	6,205	–	0.31%	–
T	New	AT&T INC	$567,000	–	27,063	–	0.30%	–
WTRG	New	ESSENTIAL UTILS INC	$549,000	–	11,964	–	0.29%	–
GOOGL	New	ALPHABET INCcap stk cl a	$543,000	–	249	–	0.28%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$513,000	–	3,636	–	0.27%	–
SRE	New	SEMPRA	$511,000	–	3,399	–	0.27%	–
SBUX	New	STARBUCKS CORP	$464,000	–	6,074	–	0.24%	–
XYL	New	XYLEM INC	$434,000	–	5,555	–	0.23%	–
PNC	New	PNC FINL SVCS GROUP INC	$429,000	–	2,716	–	0.22%	–
EMR	New	EMERSON ELEC CO	$428,000	–	5,375	–	0.22%	–
BAX	New	BAXTER INTL INC	$421,000	–	6,550	–	0.22%	–
AMGN	New	AMGEN INC	$410,000	–	1,686	–	0.22%	–
ADI	New	ANALOG DEVICES INC	$404,000	–	2,765	–	0.21%	–
GGG	New	GRACO INC	$404,000	–	6,800	–	0.21%	–
MKC	New	MCCORMICK & CO INC	$388,000	–	4,657	–	0.20%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$381,000	–	15,640	–	0.20%	–
CHDN	New	CHURCHILL DOWNS INC	$370,000	–	1,933	–	0.19%	–
MO	New	ALTRIA GROUP INC	$366,000	–	8,765	–	0.19%	–
DUK	New	DUKE ENERGY CORP NEW	$367,000	–	3,420	–	0.19%	–
MDT	New	MEDTRONIC PLC	$358,000	–	3,992	–	0.19%	–
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$356,000	–	2,110	–	0.19%	–
CL	New	COLGATE PALMOLIVE CO	$350,000	–	4,369	–	0.18%	–
NOC	New	NORTHROP GRUMMAN CORP	$323,000	–	675	–	0.17%	–
	New	FIRST FARMERS BANK HOLDING CO CDT	$288,000	–	7,950	–	0.15%	–
UL	New	UNILEVER PLCspon adr new	$276,000	–	6,015	–	0.14%	–
AXP	New	AMERICAN EXPRESS CO	$250,000	–	1,800	–	0.13%	–
SYK	New	STRYKER CORPORATION	$245,000	–	1,230	–	0.13%	–
PSX	New	PHILLIPS 66	$240,000	–	2,924	–	0.13%	–
VFC	New	V F CORP	$227,000	–	5,133	–	0.12%	–
INTC	New	INTEL CORP	$223,000	–	5,951	–	0.12%	–
USB	New	US BANCORP DEL	$219,000	–	4,756	–	0.12%	–
ITW	New	ILLINOIS TOOL WKS INC	$210,000	–	1,150	–	0.11%	–

Q4 2021

			Value		Shares		↓ Weighting
PSX	Exit	PHILLIPS 66	$0	–	-3,079	–	-0.11%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,152	–	-0.12%	–
QQQ	Exit	INVESCO QQQ TRunit ser 1	$0	–	-656	–	-0.12%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-4,425	–	-0.12%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,290	–	-0.13%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-3,380	–	-0.14%	–
USB	Exit	US BANCORP DEL	$0	–	-4,706	–	-0.14%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,230	–	-0.16%	–
	Exit	FIRST FARMERS BANK HOLDING CO CDT	$0	–	-7,950	–	-0.17%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-2,031	–	-0.17%	–
CRWD	Exit	CROWDSTRIKE HLDGS INCcl a	$0	–	-1,396	–	-0.17%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,023	–	-0.18%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-3,833	–	-0.19%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-17,508	–	-0.19%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,400	–	-0.20%	–
INTC	Exit	INTEL CORP	$0	–	-8,046	–	-0.22%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-1,933	–	-0.23%	–
GGG	Exit	GRACO INC	$0	–	-6,800	–	-0.24%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,074	–	-0.24%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-5,375	–	-0.25%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-6,489	–	-0.26%	–
ISTB	Exit	ISHARES TRcore 1 5 yr usd	$0	–	-10,778	–	-0.28%	–
AMGN	Exit	AMGEN INC	$0	–	-2,669	–	-0.28%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,580	–	-0.29%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-6,720	–	-0.29%	–
LNT	Exit	ALLIANT ENERGY CORP	$0	–	-10,405	–	-0.29%	–
AMZN	Exit	AMAZON COM INC	$0	–	-178	–	-0.29%	–
CB	Exit	CHUBB LIMITED	$0	–	-3,415	–	-0.30%	–
BAX	Exit	BAXTER INTL INC	$0	–	-7,350	–	-0.30%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-222	–	-0.30%	–
SYY	Exit	SYSCO CORP	$0	–	-7,728	–	-0.30%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-13,266	–	-0.31%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,640	–	-0.31%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-9,152	–	-0.32%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-7,373	–	-0.33%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-18,530	–	-0.33%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-3,870	–	-0.34%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-3,455	–	-0.34%	–
AMT	Exit	AMERICAN TOWER CORP NEW	$0	–	-2,563	–	-0.34%	–
D	Exit	DOMINION ENERGY INC	$0	–	-9,347	–	-0.34%	–
XYL	Exit	XYLEM INC	$0	–	-5,888	–	-0.37%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-10,407	–	-0.40%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-3,880	–	-0.40%	–
T	Exit	AT&T INC	$0	–	-30,945	–	-0.42%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-6,378	–	-0.42%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-6,102	–	-0.43%	–
WMT	Exit	WALMART INC	$0	–	-6,727	–	-0.47%	–
MMM	Exit	3M CO	$0	–	-5,524	–	-0.49%	–
ECL	Exit	ECOLAB INC	$0	–	-4,681	–	-0.49%	–
VFC	Exit	V F CORP	$0	–	-14,584	–	-0.49%	–
RPM	Exit	RPM INTL INC	$0	–	-13,684	–	-0.53%	–
DIS	Exit	DISNEY WALT CO	$0	–	-6,351	–	-0.54%	–
CLX	Exit	CLOROX CO DEL	$0	–	-6,528	–	-0.54%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-4,985	–	-0.55%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-13,587	–	-0.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-427	–	-0.57%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-5,725	–	-0.58%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-6,942	–	-0.59%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-20,695	–	-0.61%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-2,865	–	-0.61%	–
SRE	Exit	SEMPRA	$0	–	-9,862	–	-0.63%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-20,770	–	-0.63%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-20,231	–	-0.63%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-21,291	–	-0.63%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,299	–	-0.64%	–
CSX	Exit	CSX CORP	$0	–	-44,274	–	-0.66%	–
ORCL	Exit	ORACLE CORP	$0	–	-15,738	–	-0.69%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-7,525	–	-0.73%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDSshort term treas	$0	–	-25,532	–	-0.79%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-13,886	–	-0.80%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-23,995	–	-0.81%	–
HSY	Exit	HERSHEY CO	$0	–	-9,681	–	-0.82%	–
CDW	Exit	CDW CORP	$0	–	-10,029	–	-0.92%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-6,064	–	-0.93%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-29,688	–	-0.94%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-34,795	–	-0.95%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-14,760	–	-0.96%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-9,888	–	-0.96%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,394	–	-0.97%	–
NKE	Exit	NIKE INCcl b	$0	–	-14,071	–	-1.03%	–
UNP	Exit	UNION PAC CORP	$0	–	-10,650	–	-1.05%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,546	–	-1.09%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,948	–	-1.12%	–
MRK	Exit	MERCK & CO INC	$0	–	-30,087	–	-1.14%	–
KO	Exit	COCA COLA CO	$0	–	-48,272	–	-1.27%	–
TJX	Exit	TJX COS INC NEW	$0	–	-39,574	–	-1.31%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-17,397	–	-1.32%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-12,082	–	-1.34%	–
PEP	Exit	PEPSICO INC	$0	–	-17,708	–	-1.34%	–
CSCO	Exit	CISCO SYS INC	$0	–	-48,996	–	-1.34%	–
TGT	Exit	TARGET CORP	$0	–	-11,702	–	-1.34%	–
DOV	Exit	DOVER CORP	$0	–	-17,687	–	-1.38%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-10,765	–	-1.38%	–
ENB	Exit	ENBRIDGE INC	$0	–	-69,774	–	-1.40%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-27,655	–	-1.41%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-48,412	–	-1.43%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-27,535	–	-1.53%	–
V	Exit	VISA INC	$0	–	-14,251	–	-1.60%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-34,109	–	-1.62%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-60,763	–	-1.65%	–
ABBV	Exit	ABBVIE INC	$0	–	-32,294	–	-1.75%	–
PFE	Exit	PFIZER INC	$0	–	-88,737	–	-1.92%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-66,011	–	-1.93%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-24,930	–	-2.05%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-52,059	–	-2.05%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-19,449	–	-2.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-29,923	–	-2.10%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-25,911	–	-2.10%	–
ABT	Exit	ABBOTT LABS	$0	–	-37,333	–	-2.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-14,440	–	-2.38%	–
LLY	Exit	LILLY ELI & CO	$0	–	-21,463	–	-2.49%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-27,298	–	-2.50%	–
AVGO	Exit	BROADCOM INC	$0	–	-11,213	–	-2.73%	–
AAPL	Exit	APPLE INC	$0	–	-55,232	–	-3.93%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-34,646	–	-4.91%	–

Q3 2021

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$9,767,000	+1.0%	34,646	-3.0%	4.91%	+4.2%
AAPL	Sell	APPLE INC	$7,815,000	+0.2%	55,232	-3.1%	3.93%	+3.4%
AVGO	Sell	BROADCOM INC	$5,438,000	-0.2%	11,213	-1.9%	2.73%	+3.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$4,971,000	-16.1%	27,298	-4.2%	2.50%	-13.4%
LLY	Sell	LILLY ELI & CO	$4,959,000	-1.9%	21,463	-2.5%	2.49%	+1.3%
HD	Sell	HOME DEPOT INC	$4,740,000	+2.2%	14,440	-0.8%	2.38%	+5.4%
ABT	Sell	ABBOTT LABS	$4,410,000	+1.1%	37,333	-0.7%	2.22%	+4.4%
JNJ	Buy	JOHNSON & JOHNSON	$4,185,000	-1.3%	25,911	+0.7%	2.10%	+1.9%
PG	Buy	PROCTER AND GAMBLE CO	$4,183,000	+19.4%	29,923	+15.3%	2.10%	+23.3%
HON	Sell	HONEYWELL INTL INC	$4,129,000	-5.4%	19,449	-2.2%	2.08%	-2.3%
NEE	Sell	NEXTERA ENERGY INC	$4,088,000	-22.9%	52,059	-28.0%	2.05%	-20.4%
JPM	Buy	JPMORGAN CHASE & CO	$4,081,000	+6.1%	24,930	+0.8%	2.05%	+9.5%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,841,000	-8.6%	66,011	-2.0%	1.93%	-5.7%
PFE	Sell	PFIZER INC	$3,817,000	+7.6%	88,737	-2.1%	1.92%	+11.0%
ABBV	Sell	ABBVIE INC	$3,484,000	-11.4%	32,294	-7.5%	1.75%	-8.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,282,000	0.0%	60,763	+3.7%	1.65%	+3.2%
PM	Buy	PHILIP MORRIS INTL INC	$3,233,000	-3.1%	34,109	+1.3%	1.62%	0.0%
V	Sell	VISA INC	$3,174,000	-6.8%	14,251	-2.2%	1.60%	-3.8%
SBUX	Sell	STARBUCKS CORP	$3,037,000	-4.4%	27,535	-3.1%	1.53%	-1.4%
XOM	Sell	EXXON MOBIL CORP	$2,848,000	-19.9%	48,412	-14.1%	1.43%	-17.3%
CVX	Sell	CHEVRON CORP NEW	$2,806,000	-12.1%	27,655	-9.3%	1.41%	-9.3%
ENB	Sell	ENBRIDGE INC	$2,777,000	-8.3%	69,774	-7.8%	1.40%	-5.4%
APD	Buy	AIR PRODS & CHEMS INC	$2,757,000	-10.2%	10,765	+0.9%	1.38%	-7.3%
DOV	Sell	DOVER CORP	$2,750,000	+3.0%	17,687	-0.2%	1.38%	+6.4%
TGT	Sell	TARGET CORP	$2,677,000	-6.0%	11,702	-0.7%	1.34%	-3.0%
CSCO	Sell	CISCO SYS INC	$2,667,000	-8.4%	48,996	-10.8%	1.34%	-5.4%
PEP	Sell	PEPSICO INC	$2,663,000	-10.7%	17,708	-12.0%	1.34%	-7.8%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$2,661,000	+4.6%	12,082	+2.7%	1.34%	+8.0%
MMC	Sell	MARSH & MCLENNAN COS INC	$2,634,000	+4.9%	17,397	-2.5%	1.32%	+8.3%
TJX	Sell	TJX COS INC NEW	$2,611,000	-3.7%	39,574	-1.5%	1.31%	-0.5%
KO	Sell	COCA COLA CO	$2,533,000	-11.6%	48,272	-8.9%	1.27%	-8.7%
MRK	Sell	MERCK & CO INC	$2,260,000	-15.2%	30,087	-12.2%	1.14%	-12.5%
ACN	Buy	ACCENTURE PLC IRELAND	$2,223,000	+20.9%	6,948	+11.4%	1.12%	+24.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$2,167,000	-4.6%	5,546	-2.2%	1.09%	-1.5%
UNP	Buy	UNION PAC CORP	$2,088,000	-5.0%	10,650	+6.6%	1.05%	-2.0%
NKE	Sell	NIKE INCcl b	$2,044,000	-9.5%	14,071	-3.7%	1.03%	-6.6%
MDT	Buy	MEDTRONIC PLC	$1,930,000	+5.5%	15,394	+4.4%	0.97%	+8.9%
ZTS	Buy	ZOETIS INCcl a	$1,920,000	+76.6%	9,888	+69.5%	0.96%	+82.4%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,901,000	-1.6%	14,760	+0.7%	0.96%	+1.6%
UL	Sell	UNILEVER PLCspon adr new	$1,887,000	-15.3%	34,795	-8.7%	0.95%	-12.6%
BFA	Sell	BROWN FORMAN CORPcl a	$1,861,000	-13.4%	29,688	-2.6%	0.94%	-10.7%
DHR	Buy	DANAHER CORPORATION	$1,846,000	+151.8%	6,064	+122.1%	0.93%	+159.7%
CDW	Sell	CDW CORP	$1,825,000	-0.1%	10,029	-4.1%	0.92%	+3.1%
HSY	Sell	HERSHEY CO	$1,639,000	-4.5%	9,681	-1.8%	0.82%	-1.6%
BFB	Sell	BROWN FORMAN CORPcl b	$1,608,000	-12.0%	23,995	-1.6%	0.81%	-9.1%
CINF	Sell	CINCINNATI FINL CORP	$1,586,000	-24.3%	13,886	-22.7%	0.80%	-21.9%
VGSH	Sell	VANGUARD SCOTTSDALE FDSshort term treas	$1,568,000	-7.0%	25,532	-7.0%	0.79%	-4.0%
DEO	Buy	DIAGEO PLCspon adr new	$1,452,000	+3.7%	7,525	+3.0%	0.73%	+7.2%
ORCL	Sell	ORACLE CORP	$1,371,000	-2.9%	15,738	-13.2%	0.69%	+0.3%
CSX	Sell	CSX CORP	$1,317,000	-34.4%	44,274	-29.2%	0.66%	-32.2%
MCD	Buy	MCDONALDS CORP	$1,278,000	+15.9%	5,299	+11.0%	0.64%	+19.6%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$1,260,000	-17.5%	21,291	-6.9%	0.63%	-14.9%
MPC	Sell	MARATHON PETE CORP	$1,250,000	-2.6%	20,231	-4.7%	0.63%	+0.5%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,247,000	-5.9%	20,770	-6.1%	0.63%	-2.8%
SRE	Sell	SEMPRA	$1,248,000	-11.9%	9,862	-7.7%	0.63%	-9.0%
SPGI	Buy	S&P GLOBAL INC	$1,217,000	+24.4%	2,865	+20.2%	0.61%	+28.4%
TFC	Buy	TRUIST FINL CORP	$1,214,000	+20.4%	20,695	+14.0%	0.61%	+24.2%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,173,000	+8.1%	6,942	-1.4%	0.59%	+11.6%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$1,145,000	+15.7%	5,725	+14.8%	0.58%	+19.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$1,138,000	+5.1%	427	-1.2%	0.57%	+8.5%
CHD	Sell	CHURCH & DWIGHT INC	$1,122,000	-9.6%	13,587	-6.7%	0.56%	-6.6%
CLX	Sell	CLOROX CO DEL	$1,081,000	-13.6%	6,528	-6.1%	0.54%	-10.8%
DIS	Sell	DISNEY WALT CO	$1,074,000	-5.0%	6,351	-1.3%	0.54%	-2.0%
RPM	Sell	RPM INTL INC	$1,063,000	-19.5%	13,684	-8.1%	0.53%	-17.0%
ECL	Sell	ECOLAB INC	$977,000	-26.2%	4,681	-27.2%	0.49%	-23.8%
VFC	Sell	V F CORP	$977,000	-47.4%	14,584	-35.6%	0.49%	-45.7%
MMM	Sell	3M CO	$969,000	-13.6%	5,524	-2.2%	0.49%	-10.8%
WMT	Buy	WALMART INC	$938,000	-0.2%	6,727	+0.9%	0.47%	+2.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$848,000	-6.4%	6,102	-1.3%	0.43%	-3.4%
KMB	Sell	KIMBERLY-CLARK CORP	$845,000	-5.4%	6,378	-4.5%	0.42%	-2.3%
T	Sell	AT&T INC	$836,000	-27.9%	30,945	-23.1%	0.42%	-25.5%
NVDA	New	NVIDIA CORPORATION	$804,000	–	3,880	–	0.40%	–
CL	Buy	COLGATE PALMOLIVE CO	$787,000	+12.6%	10,407	+21.0%	0.40%	+16.2%
XYL	Sell	XYLEM INC	$728,000	-0.4%	5,888	-3.4%	0.37%	+2.8%
D	Sell	DOMINION ENERGY INC	$683,000	-12.0%	9,347	-11.4%	0.34%	-9.3%
AMT	Buy	AMERICAN TOWER CORP NEW	$680,000	+70.0%	2,563	+73.1%	0.34%	+75.4%
ATO	Buy	ATMOS ENERGY CORP	$650,000	+145.3%	7,373	+167.7%	0.33%	+153.5%
GILD	Sell	GILEAD SCIENCES INC	$639,000	-39.8%	9,152	-40.7%	0.32%	-37.9%
WTRG	Sell	ESSENTIAL UTILS INC	$611,000	-5.9%	13,266	-6.5%	0.31%	-2.8%
SYY	Buy	SYSCO CORP	$607,000	+48.8%	7,728	+47.2%	0.30%	+53.3%
GOOGL	Buy	ALPHABET INCcap stk cl a	$594,000	+10.0%	222	+0.5%	0.30%	+13.3%
BAX	Sell	BAXTER INTL INC	$591,000	-9.4%	7,350	-9.2%	0.30%	-6.3%
CB	Buy	CHUBB LIMITED	$592,000	+58.3%	3,415	+44.9%	0.30%	+63.2%
AMZN	Buy	AMAZON COM INC	$585,000	+5.6%	178	+10.6%	0.29%	+8.9%
LNT	Buy	ALLIANT ENERGY CORP	$582,000	+54.8%	10,405	+54.4%	0.29%	+59.6%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$578,000	-1.5%	6,720	-2.4%	0.29%	+1.4%
MO	Buy	ALTRIA GROUP INC	$573,000	+3.1%	12,580	+7.9%	0.29%	+6.3%
AMGN	Sell	AMGEN INC	$568,000	-38.1%	2,669	-29.0%	0.28%	-36.1%
ISTB	New	ISHARES TRcore 1 5 yr usd	$550,000	–	10,778	–	0.28%	–
MKC	Sell	MCCORMICK & CO INC	$526,000	-29.8%	6,489	-23.5%	0.26%	-27.7%
EMR	Sell	EMERSON ELEC CO	$506,000	-13.8%	5,375	-11.9%	0.25%	-11.2%
GGG	Sell	GRACO INC	$476,000	-11.4%	6,800	-4.2%	0.24%	-8.4%
INTC	Sell	INTEL CORP	$429,000	-5.9%	8,046	-0.9%	0.22%	-2.7%
AXP	Sell	AMERICAN EXPRESS CO	$402,000	-2.7%	2,400	-4.0%	0.20%	+0.5%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$379,000	-9.5%	17,508	+0.9%	0.19%	-6.9%
DUK	Sell	DUKE ENERGY CORP NEW	$374,000	-3.6%	3,833	-2.5%	0.19%	-0.5%
NOC	Buy	NORTHROP GRUMMAN CORP	$368,000	+7.6%	1,023	+8.8%	0.18%	+11.4%
CRWD	New	CROWDSTRIKE HLDGS INCcl a	$343,000	–	1,396	–	0.17%	–
ADI	Buy	ANALOG DEVICES INC	$340,000	+60.4%	2,031	+64.9%	0.17%	+66.0%
SYK	Sell	STRYKER CORPORATION	$324,000	-6.4%	1,230	-7.6%	0.16%	-3.0%
USB	Sell	US BANCORP DEL	$280,000	-18.8%	4,706	-22.2%	0.14%	-16.1%
IP	Sell	INTERNATIONAL PAPER CO	$247,000	-14.8%	4,425	-6.3%	0.12%	-12.1%
PSX	Sell	PHILLIPS 66	$216,000	-32.5%	3,079	-17.4%	0.11%	-30.1%
PPL	Exit	PPL CORP	$0	–	-7,367	–	-0.10%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-773	–	-0.10%	–
CAT	Exit	CATERPILLAR INC	$0	–	-1,191	–	-0.13%	–

Q2 2021

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$9,673,000	–	35,707	–	4.71%	–
AAPL	New	APPLE INC	$7,803,000	–	56,971	–	3.80%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$5,927,000	–	28,501	–	2.88%	–
AVGO	New	BROADCOM INC	$5,450,000	–	11,430	–	2.65%	–
NEE	New	NEXTERA ENERGY INC	$5,299,000	–	72,314	–	2.58%	–
LLY	New	LILLY ELI & CO	$5,054,000	–	22,018	–	2.46%	–
HD	New	HOME DEPOT INC	$4,640,000	–	14,552	–	2.26%	–
HON	New	HONEYWELL INTL INC	$4,363,000	–	19,891	–	2.12%	–
ABT	New	ABBOTT LABS	$4,360,000	–	37,612	–	2.12%	–
JNJ	New	JOHNSON & JOHNSON	$4,239,000	–	25,732	–	2.06%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,204,000	–	67,324	–	2.05%	–
ABBV	New	ABBVIE INC	$3,932,000	–	34,909	–	1.91%	–
JPM	New	JPMORGAN CHASE & CO	$3,848,000	–	24,742	–	1.87%	–
XOM	New	EXXON MOBIL CORP	$3,556,000	–	56,369	–	1.73%	–
PFE	New	PFIZER INC	$3,549,000	–	90,640	–	1.73%	–
PG	New	PROCTER AND GAMBLE CO	$3,502,000	–	25,956	–	1.70%	–
V	New	VISA INC	$3,407,000	–	14,570	–	1.66%	–
PM	New	PHILIP MORRIS INTL INC	$3,337,000	–	33,665	–	1.62%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,282,000	–	58,567	–	1.60%	–
CVX	New	CHEVRON CORP NEW	$3,194,000	–	30,495	–	1.56%	–
SBUX	New	STARBUCKS CORP	$3,178,000	–	28,422	–	1.55%	–
APD	New	AIR PRODS & CHEMS INC	$3,069,000	–	10,668	–	1.49%	–
ENB	New	ENBRIDGE INC	$3,029,000	–	75,656	–	1.47%	–
PEP	New	PEPSICO INC	$2,981,000	–	20,121	–	1.45%	–
CSCO	New	CISCO SYS INC	$2,910,000	–	54,901	–	1.42%	–
KO	New	COCA COLA CO	$2,866,000	–	52,972	–	1.40%	–
TGT	New	TARGET CORP	$2,849,000	–	11,785	–	1.39%	–
TJX	New	TJX COS INC NEW	$2,710,000	–	40,189	–	1.32%	–
DOV	New	DOVER CORP	$2,669,000	–	17,722	–	1.30%	–
MRK	New	MERCK & CO INC	$2,664,000	–	34,250	–	1.30%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$2,544,000	–	11,770	–	1.24%	–
MMC	New	MARSH & MCLENNAN COS INC	$2,511,000	–	17,846	–	1.22%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,272,000	–	5,673	–	1.11%	–
NKE	New	NIKE INCcl b	$2,258,000	–	14,615	–	1.10%	–
UL	New	UNILEVER PLCspon adr new	$2,229,000	–	38,100	–	1.08%	–
UNP	New	UNION PAC CORP	$2,198,000	–	9,993	–	1.07%	–
BFA	New	BROWN FORMAN CORPcl a	$2,150,000	–	30,493	–	1.05%	–
CINF	New	CINCINNATI FINL CORP	$2,096,000	–	17,972	–	1.02%	–
CSX	New	CSX CORP	$2,007,000	–	62,565	–	0.98%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,931,000	–	14,660	–	0.94%	–
VFC	New	V F CORP	$1,858,000	–	22,651	–	0.90%	–
ACN	New	ACCENTURE PLC IRELAND	$1,839,000	–	6,238	–	0.90%	–
MDT	New	MEDTRONIC PLC	$1,830,000	–	14,746	–	0.89%	–
BFB	New	BROWN FORMAN CORPcl b	$1,827,000	–	24,377	–	0.89%	–
CDW	New	CDW CORP	$1,827,000	–	10,459	–	0.89%	–
HSY	New	HERSHEY CO	$1,717,000	–	9,856	–	0.84%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshort term treas	$1,686,000	–	27,441	–	0.82%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,528,000	–	22,866	–	0.74%	–
SRE	New	SEMPRA	$1,416,000	–	10,687	–	0.69%	–
ORCL	New	ORACLE CORP	$1,412,000	–	18,135	–	0.69%	–
DEO	New	DIAGEO PLCspon adr new	$1,400,000	–	7,306	–	0.68%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,325,000	–	22,112	–	0.64%	–
ECL	New	ECOLAB INC	$1,324,000	–	6,430	–	0.64%	–
RPM	New	RPM INTL INC	$1,320,000	–	14,889	–	0.64%	–
MPC	New	MARATHON PETE CORP	$1,283,000	–	21,231	–	0.62%	–
CLX	New	CLOROX CO DEL	$1,251,000	–	6,953	–	0.61%	–
CHD	New	CHURCH & DWIGHT INC	$1,241,000	–	14,558	–	0.60%	–
T	New	AT&T INC	$1,159,000	–	40,266	–	0.56%	–
DIS	New	DISNEY WALT CO	$1,131,000	–	6,432	–	0.55%	–
MMM	New	3M CO	$1,121,000	–	5,646	–	0.55%	–
MCD	New	MCDONALDS CORP	$1,103,000	–	4,773	–	0.54%	–
ZTS	New	ZOETIS INCcl a	$1,087,000	–	5,835	–	0.53%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,085,000	–	7,042	–	0.53%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,083,000	–	432	–	0.53%	–
GILD	New	GILEAD SCIENCES INC	$1,062,000	–	15,428	–	0.52%	–
TFC	New	TRUIST FINL CORP	$1,008,000	–	18,155	–	0.49%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$990,000	–	4,986	–	0.48%	–
SPGI	New	S&P GLOBAL INC	$978,000	–	2,383	–	0.48%	–
WMT	New	WALMART INC	$940,000	–	6,668	–	0.46%	–
AMGN	New	AMGEN INC	$917,000	–	3,761	–	0.45%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$906,000	–	6,183	–	0.44%	–
KMB	New	KIMBERLY-CLARK CORP	$893,000	–	6,678	–	0.44%	–
ALB	New	ALBEMARLE CORP	$840,000	–	4,985	–	0.41%	–
D	New	DOMINION ENERGY INC	$776,000	–	10,550	–	0.38%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$755,000	–	3,870	–	0.37%	–
MKC	New	MCCORMICK & CO INC	$749,000	–	8,486	–	0.36%	–
DHR	New	DANAHER CORPORATION	$733,000	–	2,730	–	0.36%	–
XYL	New	XYLEM INC	$731,000	–	6,094	–	0.36%	–
CL	New	COLGATE PALMOLIVE CO	$699,000	–	8,598	–	0.34%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$667,000	–	13,640	–	0.32%	–
PNC	New	PNC FINL SVCS GROUP INC	$659,000	–	3,455	–	0.32%	–
BAX	New	BAXTER INTL INC	$652,000	–	8,097	–	0.32%	–
WTRG	New	ESSENTIAL UTILS INC	$649,000	–	14,193	–	0.32%	–
WY	New	WEYERHAEUSER CO MTN BE	$638,000	–	18,530	–	0.31%	–
EMR	New	EMERSON ELEC CO	$587,000	–	6,101	–	0.29%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$587,000	–	6,882	–	0.29%	–
MO	New	ALTRIA GROUP INC	$556,000	–	11,658	–	0.27%	–
AMZN	New	AMAZON COM INC	$554,000	–	161	–	0.27%	–
GOOGL	New	ALPHABET INCcap stk cl a	$540,000	–	221	–	0.26%	–
GGG	New	GRACO INC	$537,000	–	7,100	–	0.26%	–
INTC	New	INTEL CORP	$456,000	–	8,121	–	0.22%	–
COP	New	CONOCOPHILLIPS	$431,000	–	7,074	–	0.21%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$419,000	–	17,350	–	0.20%	–
AXP	New	AMERICAN EXPRESS CO	$413,000	–	2,500	–	0.20%	–
SYY	New	SYSCO CORP	$408,000	–	5,250	–	0.20%	–
AMT	New	AMERICAN TOWER CORP NEW	$400,000	–	1,481	–	0.20%	–
DUK	New	DUKE ENERGY CORP NEW	$388,000	–	3,933	–	0.19%	–
CHDN	New	CHURCHILL DOWNS INC	$383,000	–	1,933	–	0.19%	–
LNT	New	ALLIANT ENERGY CORP	$376,000	–	6,737	–	0.18%	–
CB	New	CHUBB LIMITED	$374,000	–	2,356	–	0.18%	–
USB	New	US BANCORP DEL	$345,000	–	6,051	–	0.17%	–
SYK	New	STRYKER CORPORATION	$346,000	–	1,331	–	0.17%	–
NOC	New	NORTHROP GRUMMAN CORP	$342,000	–	940	–	0.17%	–
	New	FIRST FARMERS BANK HOLDING CO CDT	$331,000	–	7,950	–	0.16%	–
PSX	New	PHILLIPS 66	$320,000	–	3,729	–	0.16%	–
IP	New	INTERNATIONAL PAPER CO	$290,000	–	4,725	–	0.14%	–
ITW	New	ILLINOIS TOOL WKS INC	$288,000	–	1,290	–	0.14%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$280,000	–	3,380	–	0.14%	–
CI	New	CIGNA CORP NEW	$273,000	–	1,152	–	0.13%	–
ATO	New	ATMOS ENERGY CORP	$265,000	–	2,754	–	0.13%	–
CAT	New	CATERPILLAR INC	$259,000	–	1,191	–	0.13%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$233,000	–	656	–	0.11%	–
ADI	New	ANALOG DEVICES INC	$212,000	–	1,232	–	0.10%	–
NSC	New	NORFOLK SOUTHN CORP	$205,000	–	773	–	0.10%	–
PPL	New	PPL CORP	$206,000	–	7,367	–	0.10%	–

Q4 2020

			Value		Shares		↓ Weighting
CAT	Exit	CATERPILLAR INC DEL	$0	–	-1,391	–	-0.09%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-5,425	–	-0.09%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-1,070	–	-0.10%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,402	–	-0.10%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,799	–	-0.11%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,356	–	-0.11%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-740	–	-0.11%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-2,700	–	-0.12%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,090	–	-0.12%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-3,725	–	-0.12%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,035	–	-0.12%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,374	–	-0.12%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,153	–	-0.13%	–
	Exit	FIRST FARMERS BANK HOLDING CO CDT	$0	–	-7,950	–	-0.14%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-21,198	–	-0.14%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-4,084	–	-0.15%	–
PSX	Exit	PHILLIPS 66	$0	–	-7,018	–	-0.16%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-10,250	–	-0.16%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,876	–	-0.17%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,855	–	-0.17%	–
GIS	Exit	GENERAL MLS INC	$0	–	-6,845	–	-0.18%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-297	–	-0.18%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-3,110	–	-0.18%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-4,985	–	-0.19%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,640	–	-0.20%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-4,413	–	-0.21%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-12,738	–	-0.21%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-18,530	–	-0.22%	–
CABO	Exit	CABLE ONE INC	$0	–	-300	–	-0.24%	–
INTC	Exit	INTEL CORP	$0	–	-11,152	–	-0.24%	–
USB	Exit	US BANCORP DEL	$0	–	-16,788	–	-0.26%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-3,670	–	-0.26%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-3,002	–	-0.27%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-9,801	–	-0.27%	–
GGG	Exit	GRACO INC	$0	–	-10,493	–	-0.27%	–
AMZN	Exit	AMAZON COM INC	$0	–	-208	–	-0.28%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-12,279	–	-0.30%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-4,665	–	-0.33%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-528	–	-0.33%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-28,001	–	-0.35%	–
WTRG	Exit	ESSENTIAL UTILS INC	$0	–	-22,194	–	-0.38%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-7,403	–	-0.38%	–
DIS	Exit	DISNEY WALT CO	$0	–	-7,513	–	-0.40%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-24,903	–	-0.40%	–
MMM	Exit	3M CO	$0	–	-6,286	–	-0.43%	–
BAX	Exit	BAXTER INTL INC	$0	–	-12,882	–	-0.44%	–
XYL	Exit	XYLEM INC	$0	–	-12,729	–	-0.46%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-2,969	–	-0.46%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-7,578	–	-0.48%	–
D	Exit	DOMINION ENERGY INC	$0	–	-15,475	–	-0.52%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-8,481	–	-0.52%	–
MCD	Exit	MCDONALDS CORP	$0	–	-5,649	–	-0.53%	–
WMT	Exit	WALMART INC	$0	–	-8,985	–	-0.53%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-9,142	–	-0.54%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-27,682	–	-0.64%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-6,927	–	-0.66%	–
CLX	Exit	CLOROX CO DEL	$0	–	-7,658	–	-0.68%	–
T	Exit	AT&T INC	$0	–	-58,130	–	-0.70%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-28,114	–	-0.76%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-20,377	–	-0.80%	–
HSY	Exit	HERSHEY CO	$0	–	-13,312	–	-0.81%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-9,836	–	-0.81%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-19,089	–	-0.84%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-33,294	–	-0.85%	–
CSX	Exit	CSX CORP	$0	–	-26,588	–	-0.88%	–
AMGN	Exit	AMGEN INC	$0	–	-8,644	–	-0.93%	–
ECL	Exit	ECOLAB INC	$0	–	-11,138	–	-0.95%	–
TGT	Exit	TARGET CORP	$0	–	-14,267	–	-0.96%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-13,274	–	-0.96%	–
CDW	Exit	CDW CORP	$0	–	-18,889	–	-0.96%	–
RPM	Exit	RPM INTL INC	$0	–	-27,495	–	-0.97%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-29,613	–	-0.98%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-24,799	–	-0.99%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-19,810	–	-1.00%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDSshort term treas	$0	–	-37,797	–	-1.00%	–
ORCL	Exit	ORACLE CORP	$0	–	-39,662	–	-1.01%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-36,125	–	-1.06%	–
VFC	Exit	V F CORP	$0	–	-36,419	–	-1.09%	–
NKE	Exit	NIKE INCcl b	$0	–	-20,573	–	-1.10%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-42,250	–	-1.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-8,418	–	-1.12%	–
UNP	Exit	UNION PAC CORP	$0	–	-14,147	–	-1.18%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-24,529	–	-1.20%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-30,170	–	-1.24%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-40,442	–	-1.24%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-85,371	–	-1.25%	–
DOV	Exit	DOVER CORP	$0	–	-27,748	–	-1.28%	–
ENB	Exit	ENBRIDGE INC	$0	–	-106,065	–	-1.32%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-41,516	–	-1.32%	–
TJX	Exit	TJX COS INC NEW	$0	–	-56,207	–	-1.33%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-11,958	–	-1.41%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-61,410	–	-1.55%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-43,120	–	-1.58%	–
CSCO	Exit	CISCO SYS INC	$0	–	-96,935	–	-1.62%	–
MRK	Exit	MERCK & CO. INC	$0	–	-48,530	–	-1.71%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-24,736	–	-1.73%	–
ABBV	Exit	ABBVIE INC	$0	–	-48,657	–	-1.81%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-56,741	–	-1.82%	–
V	Exit	VISA INC	$0	–	-21,715	–	-1.85%	–
LLY	Exit	LILLY ELI & CO	$0	–	-29,702	–	-1.87%	–
PFE	Exit	PFIZER INC	$0	–	-119,827	–	-1.87%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-15,569	–	-1.97%	–
KO	Exit	COCA COLA CO	$0	–	-94,744	–	-1.99%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-34,704	–	-2.05%	–
PEP	Exit	PEPSICO INC	$0	–	-37,013	–	-2.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,872	–	-2.21%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-92,029	–	-2.25%	–
ABT	Exit	ABBOTT LABS	$0	–	-48,637	–	-2.25%	–
AVGO	Exit	BROADCOM INC	$0	–	-15,997	–	-2.48%	–
HD	Exit	HOME DEPOT INC	$0	–	-21,093	–	-2.49%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-39,188	–	-2.78%	–
AAPL	Exit	APPLE INC	$0	–	-82,743	–	-4.07%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-50,905	–	-4.55%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$10,707,000	-4.4%	50,905	-7.5%	4.55%	-9.2%
AAPL	Buy	APPLE INC	$9,582,000	+18.8%	82,743	+274.2%	4.07%	+12.9%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$6,530,000	+52.4%	39,188	+1.7%	2.78%	+44.8%
HD	Sell	HOME DEPOT INC	$5,858,000	+7.7%	21,093	-2.8%	2.49%	+2.3%
AVGO	Buy	BROADCOM INC	$5,828,000	+25.8%	15,997	+9.0%	2.48%	+19.6%
ABT	Sell	ABBOTT LABS	$5,293,000	+13.8%	48,637	-4.4%	2.25%	+8.1%
MDLZ	Buy	MONDELEZ INTL INCcl a	$5,287,000	+17.3%	92,029	+4.4%	2.25%	+11.4%
JNJ	Sell	JOHNSON & JOHNSON	$5,192,000	+5.5%	34,872	-0.3%	2.21%	+0.2%
PEP	Sell	PEPSICO INC	$5,130,000	+0.0%	37,013	-4.6%	2.18%	-5.0%
PG	Sell	PROCTER AND GAMBLE CO	$4,824,000	-10.9%	34,704	-23.4%	2.05%	-15.4%
KO	Sell	COCA COLA CO	$4,678,000	-1.8%	94,744	-11.2%	1.99%	-6.8%
APD	Buy	AIR PRODS & CHEMS INC	$4,637,000	+39.0%	15,569	+12.7%	1.97%	+32.0%
PFE	Sell	PFIZER INC	$4,398,000	+11.7%	119,827	-0.5%	1.87%	+6.1%
LLY	Sell	LILLY ELI & CO	$4,396,000	-16.4%	29,702	-7.2%	1.87%	-20.6%
V	Buy	VISA INC	$4,342,000	+5.0%	21,715	+1.5%	1.85%	-0.2%
BFB	Sell	BROWN FORMAN CORPcl b	$4,274,000	+16.8%	56,741	-1.3%	1.82%	+11.0%
ABBV	Sell	ABBVIE INC	$4,262,000	-13.6%	48,657	-3.2%	1.81%	-17.9%
HON	Buy	HONEYWELL INTL INC	$4,072,000	+16.3%	24,736	+2.1%	1.73%	+10.5%
MRK	Sell	MERCK & CO. INC	$4,026,000	+4.3%	48,530	-2.7%	1.71%	-0.9%
CSCO	Buy	CISCO SYS INC	$3,818,000	-5.6%	96,935	+11.8%	1.62%	-10.3%
SBUX	Buy	STARBUCKS CORP	$3,705,000	+21.9%	43,120	+4.4%	1.58%	+15.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,653,000	+0.7%	61,410	-6.7%	1.55%	-4.3%
NEE	Buy	NEXTERA ENERGY INC	$3,319,000	+15.7%	11,958	+0.1%	1.41%	+10.0%
TJX	Sell	TJX COS INC NEW	$3,128,000	+8.4%	56,207	-1.5%	1.33%	+3.0%
PM	Buy	PHILIP MORRIS INTL INC	$3,113,000	+7.6%	41,516	+0.5%	1.32%	+2.2%
ENB	Buy	ENBRIDGE INC	$3,097,000	-3.8%	106,065	+0.2%	1.32%	-8.6%
DOV	Buy	DOVER CORP	$3,006,000	+15.1%	27,748	+2.6%	1.28%	+9.4%
XOM	Sell	EXXON MOBIL CORP	$2,931,000	-30.4%	85,371	-9.3%	1.25%	-33.9%
CVX	Sell	CHEVRON CORP NEW	$2,912,000	-30.1%	40,442	-13.3%	1.24%	-33.5%
JPM	Sell	JPMORGAN CHASE & CO	$2,904,000	-29.9%	30,170	-31.5%	1.24%	-33.4%
MMC	Buy	MARSH & MCLENNAN COS INC	$2,813,000	+10.9%	24,529	+3.8%	1.20%	+5.4%
UNP	Buy	UNION PAC CORP	$2,785,000	+26.0%	14,147	+8.2%	1.18%	+19.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$2,624,000	+16.2%	8,418	+9.9%	1.12%	+10.4%
UL	Buy	UNILEVER PLCspon adr new	$2,606,000	+27.7%	42,250	+13.7%	1.11%	+21.4%
NKE	Buy	NIKE INCcl b	$2,583,000	+35.2%	20,573	+5.6%	1.10%	+28.4%
VFC	Buy	V F CORP	$2,558,000	+16.5%	36,419	+1.1%	1.09%	+10.7%
BFA	Sell	BROWN FORMAN CORPcl a	$2,481,000	+14.2%	36,125	-4.2%	1.06%	+8.5%
ORCL	Buy	ORACLE CORP	$2,368,000	+17.1%	39,662	+8.4%	1.01%	+11.3%
VGSH	Buy	VANGUARD SCOTTSDALE FDSshort term treas	$2,347,000	+31.6%	37,797	+31.8%	1.00%	+25.1%
SRE	Buy	SEMPRA ENERGY	$2,345,000	+1011.4%	19,810	+1000.6%	1.00%	+960.6%
CHD	Buy	CHURCH & DWIGHT INC	$2,324,000	+28.0%	24,799	+5.6%	0.99%	+21.7%
CINF	Buy	CINCINNATI FINL CORP	$2,309,000	+61.0%	29,613	+32.2%	0.98%	+53.0%
RPM	Buy	RPM INTL INC	$2,278,000	+30.5%	27,495	+18.2%	0.97%	+23.9%
CDW	Buy	CDW CORP	$2,258,000	+25.2%	18,889	+21.7%	0.96%	+19.0%
LHX	Buy	L3HARRIS TECHNOLOGIES INC	$2,254,000	+85.7%	13,274	+85.5%	0.96%	+76.4%
TGT	Sell	TARGET CORP	$2,246,000	+20.2%	14,267	-8.4%	0.96%	+14.2%
ECL	Buy	ECOLAB INC	$2,226,000	+2.9%	11,138	+2.5%	0.95%	-2.3%
AMGN	Buy	AMGEN INC	$2,197,000	+10.0%	8,644	+2.0%	0.93%	+4.5%
CSX	Sell	CSX CORP	$2,065,000	-5.4%	26,588	-15.1%	0.88%	-10.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,007,000	+0.7%	33,294	-1.8%	0.85%	-4.4%
MDT	Buy	MEDTRONIC PLC	$1,984,000	+22.2%	19,089	+7.8%	0.84%	+16.1%
MKC	Buy	MCCORMICK & CO INC	$1,909,000	+12.1%	9,836	+3.6%	0.81%	+6.6%
HSY	Sell	HERSHEY CO	$1,908,000	+3.2%	13,312	-6.7%	0.81%	-1.9%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,875,000	+17.2%	20,377	+7.3%	0.80%	+11.3%
GILD	Sell	GILEAD SCIENCES INC	$1,777,000	-18.1%	28,114	-0.3%	0.76%	-22.2%
T	Sell	AT&T INC	$1,657,000	-13.4%	58,130	-8.1%	0.70%	-17.8%
CLX	Sell	CLOROX CO DEL	$1,609,000	-6.3%	7,658	-2.2%	0.68%	-10.9%
ACN	Buy	ACCENTURE PLC IRELAND	$1,565,000	+358.9%	6,927	+336.5%	0.66%	+334.6%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,517,000	+2.4%	27,682	-1.1%	0.64%	-2.7%
DEO	Buy	DIAGEO PLCspon adr new	$1,258,000	+10.6%	9,142	+8.1%	0.54%	+5.1%
MCD	Sell	MCDONALDS CORP	$1,240,000	+10.8%	5,649	-6.9%	0.53%	+5.2%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,229,000	-3.7%	8,481	-14.5%	0.52%	-8.6%
D	Sell	DOMINION ENERGY INC	$1,221,000	-67.2%	15,475	-66.2%	0.52%	-68.8%
KMB	Sell	KIMBERLY CLARK CORP	$1,119,000	+3.1%	7,578	-1.3%	0.48%	-1.9%
XYL	Sell	XYLEM INC	$1,071,000	+15.8%	12,729	-10.6%	0.46%	+9.9%
SPGI	Buy	S&P GLOBAL INC	$1,071,000	+242.2%	2,969	+212.9%	0.46%	+225.0%
BAX	Sell	BAXTER INTL INC	$1,036,000	-10.0%	12,882	-3.7%	0.44%	-14.6%
MMM	Sell	3M CO	$1,007,000	-12.4%	6,286	-14.7%	0.43%	-16.9%
TFC	Buy	TRUIST FINL CORP	$948,000	+2.6%	24,903	+1.2%	0.40%	-2.4%
DIS	Sell	DISNEY WALT CO	$932,000	-8.9%	7,513	-18.1%	0.40%	-13.5%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$901,000	+5.4%	7,403	+4.6%	0.38%	0.0%
WTRG	Sell	ESSENTIAL UTILS INC	$893,000	-13.2%	22,194	-8.9%	0.38%	-17.4%
MPC	Buy	MARATHON PETE CORP	$822,000	-18.0%	28,001	+4.4%	0.35%	-22.3%
GOOG	Sell	ALPHABET INCcap stk cl c	$776,000	+3.1%	528	-0.9%	0.33%	-2.1%
ZTS	Sell	ZOETIS INCcl a	$771,000	+19.3%	4,665	-1.1%	0.33%	+13.5%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$707,000	-20.1%	12,279	-14.5%	0.30%	-24.0%
AMZN	Sell	AMAZON COM INC	$655,000	+13.1%	208	-1.0%	0.28%	+7.3%
GGG	Sell	GRACO INC	$644,000	+26.5%	10,493	-1.0%	0.27%	+20.2%
EMR	Sell	EMERSON ELEC CO	$643,000	0.0%	9,801	-5.4%	0.27%	-5.2%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$639,000	+17.9%	3,002	-1.2%	0.27%	+11.9%
CCI	New	CROWN CASTLE INTL CORP NEW	$611,000	–	3,670	–	0.26%	–
USB	Sell	US BANCORP DEL	$602,000	-67.7%	16,788	-66.9%	0.26%	-69.3%
INTC	Sell	INTEL CORP	$577,000	-14.3%	11,152	-0.9%	0.24%	-18.6%
WY	Sell	WEYERHAEUSER CO MTN BE	$528,000	+25.4%	18,530	-1.1%	0.22%	+19.1%
MO	Sell	ALTRIA GROUP INC	$492,000	-27.0%	12,738	-25.8%	0.21%	-30.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$485,000	-3.4%	4,413	-7.5%	0.21%	-8.4%
ALB	Buy	ALBEMARLE CORP	$445,000	+47.4%	4,985	+27.5%	0.19%	+40.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$435,000	+2.8%	297	-0.3%	0.18%	-2.1%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$434,000	-24.5%	3,110	-19.4%	0.18%	-28.0%
GIS	Sell	GENERAL MLS INC	$422,000	-14.1%	6,845	-14.1%	0.18%	-18.6%
DHR	Buy	DANAHER CORPORATION	$399,000	+29.1%	1,855	+6.3%	0.17%	+23.2%
SYK	Sell	STRYKER CORPORATION	$391,000	-22.6%	1,876	-33.0%	0.17%	-26.5%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$368,000	-20.2%	10,250	-5.7%	0.16%	-24.3%
PSX	Sell	PHILLIPS 66	$364,000	-57.4%	7,018	-40.9%	0.16%	-59.4%
DUK	Sell	DUKE ENERGY CORP NEW	$362,000	-11.1%	4,084	-19.9%	0.15%	-15.4%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$335,000	-13.4%	21,198	-0.5%	0.14%	-17.9%
	Buy	FIRST FARMERS BANK HOLDING CO CDT	$324,000	+5.9%	7,950	+4.6%	0.14%	+0.7%
CMCSA	Sell	COMCAST CORP NEWcl a	$295,000	+12.6%	6,374	-5.1%	0.12%	+6.8%
CL	Sell	COLGATE PALMOLIVE CO	$287,000	-44.3%	3,725	-47.0%	0.12%	-47.0%
ALL	Sell	ALLSTATE CORP	$286,000	-14.1%	3,035	-11.7%	0.12%	-18.1%
AXP	Sell	AMERICAN EXPRESS CO	$271,000	-0.4%	2,700	-5.6%	0.12%	-5.7%
COST	Sell	COSTCO WHSL CORP NEW	$263,000	+4.4%	740	-10.8%	0.11%	-0.9%
COP	Sell	CONOCOPHILLIPS	$256,000	-33.5%	7,799	-14.9%	0.11%	-36.6%
NSC	New	NORFOLK SOUTHN CORP	$229,000	–	1,070	–	0.10%	–
IP	Sell	INTERNATIONAL PAPER CO	$220,000	+1.4%	5,425	-12.0%	0.09%	-3.1%
CAT	New	CATERPILLAR INC DEL	$207,000	–	1,391	–	0.09%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-12,337	–	-0.04%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-12,937	–	-0.04%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-4,100	–	-0.09%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-673	–	-0.09%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-7,283	–	-0.11%	–
SO	Exit	SOUTHERN CO	$0	–	-5,005	–	-0.12%	–
NGG	Exit	NATIONAL GRID PLCsponsored adr ne	$0	–	-4,290	–	-0.12%	–
PPL	Exit	PPL CORP	$0	–	-35,483	–	-0.41%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$11,204,000	–	55,055	–	5.01%	–
AAPL	New	APPLE INC	$8,066,000	–	22,111	–	3.61%	–
HD	New	HOME DEPOT INC	$5,437,000	–	21,703	–	2.43%	–
PG	New	PROCTER AND GAMBLE CO	$5,415,000	–	45,288	–	2.42%	–
LLY	New	LILLY ELI & CO	$5,258,000	–	32,023	–	2.35%	–
PEP	New	PEPSICO INC	$5,129,000	–	38,781	–	2.30%	–
ABBV	New	ABBVIE INC	$4,934,000	–	50,258	–	2.21%	–
JNJ	New	JOHNSON & JOHNSON	$4,921,000	–	34,994	–	2.20%	–
KO	New	COCA COLA CO	$4,766,000	–	106,675	–	2.13%	–
ABT	New	ABBOTT LABS	$4,652,000	–	50,878	–	2.08%	–
AVGO	New	BROADCOM INC	$4,631,000	–	14,674	–	2.07%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,509,000	–	88,187	–	2.02%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,285,000	–	38,543	–	1.92%	–
XOM	New	EXXON MOBIL CORP	$4,211,000	–	94,170	–	1.88%	–
CVX	New	CHEVRON CORP NEW	$4,164,000	–	46,662	–	1.86%	–
JPM	New	JPMORGAN CHASE & CO	$4,142,000	–	44,040	–	1.85%	–
V	New	VISA INC	$4,134,000	–	21,399	–	1.85%	–
CSCO	New	CISCO SYS INC	$4,043,000	–	86,676	–	1.81%	–
PFE	New	PFIZER INC	$3,939,000	–	120,459	–	1.76%	–
MRK	New	MERCK & CO. INC	$3,859,000	–	49,902	–	1.73%	–
D	New	DOMINION ENERGY INC	$3,720,000	–	45,819	–	1.66%	–
BFB	New	BROWN FORMAN CORPcl b	$3,659,000	–	57,476	–	1.64%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,627,000	–	65,792	–	1.62%	–
HON	New	HONEYWELL INTL INC	$3,502,000	–	24,217	–	1.57%	–
APD	New	AIR PRODS & CHEMS INC	$3,336,000	–	13,814	–	1.49%	–
ENB	New	ENBRIDGE INC	$3,221,000	–	105,868	–	1.44%	–
SBUX	New	STARBUCKS CORP	$3,040,000	–	41,312	–	1.36%	–
PM	New	PHILIP MORRIS INTL INC	$2,893,000	–	41,294	–	1.29%	–
TJX	New	TJX COS INC NEW	$2,886,000	–	57,079	–	1.29%	–
NEE	New	NEXTERA ENERGY INC	$2,868,000	–	11,942	–	1.28%	–
DOV	New	DOVER CORP	$2,611,000	–	27,043	–	1.17%	–
MMC	New	MARSH & MCLENNAN COS INC	$2,537,000	–	23,624	–	1.14%	–
UNH	New	UNITEDHEALTH GROUP INC	$2,259,000	–	7,659	–	1.01%	–
UNP	New	UNION PAC CORP	$2,210,000	–	13,072	–	0.99%	–
VFC	New	V F CORP	$2,195,000	–	36,021	–	0.98%	–
CSX	New	CSX CORP	$2,183,000	–	31,300	–	0.98%	–
BFA	New	BROWN FORMAN CORPcl a	$2,172,000	–	37,723	–	0.97%	–
GILD	New	GILEAD SCIENCES INC	$2,170,000	–	28,204	–	0.97%	–
ECL	New	ECOLAB INC	$2,163,000	–	10,871	–	0.97%	–
UL	New	UNILEVER PLCspon adr new	$2,040,000	–	37,167	–	0.91%	–
ORCL	New	ORACLE CORP	$2,023,000	–	36,602	–	0.90%	–
AMGN	New	AMGEN INC	$1,998,000	–	8,472	–	0.89%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,993,000	–	33,903	–	0.89%	–
T	New	AT&T INC	$1,913,000	–	63,269	–	0.86%	–
NKE	New	NIKE INCcl b	$1,910,000	–	19,476	–	0.86%	–
TGT	New	TARGET CORP	$1,868,000	–	15,577	–	0.84%	–
USB	New	US BANCORP DEL	$1,866,000	–	50,688	–	0.84%	–
HSY	New	HERSHEY CO	$1,849,000	–	14,262	–	0.83%	–
CHD	New	CHURCH & DWIGHT INC	$1,815,000	–	23,475	–	0.81%	–
CDW	New	CDW CORP	$1,803,000	–	15,516	–	0.81%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshort term treas	$1,784,000	–	28,676	–	0.80%	–
RPM	New	RPM INTL INC	$1,746,000	–	23,255	–	0.78%	–
CLX	New	CLOROX CO DEL	$1,717,000	–	7,828	–	0.77%	–
MKC	New	MCCORMICK & CO INC	$1,703,000	–	9,490	–	0.76%	–
MDT	New	MEDTRONIC PLC	$1,623,000	–	17,702	–	0.73%	–
LECO	New	LINCOLN ELEC HLDGS INC	$1,600,000	–	18,991	–	0.72%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,481,000	–	28,002	–	0.66%	–
CINF	New	CINCINNATI FINL CORP	$1,434,000	–	22,394	–	0.64%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,276,000	–	9,914	–	0.57%	–
LHX	New	L3HARRIS TECHNOLOGIES INC	$1,214,000	–	7,156	–	0.54%	–
BAX	New	BAXTER INTL INC	$1,151,000	–	13,372	–	0.52%	–
MMM	New	3M CO	$1,150,000	–	7,370	–	0.52%	–
DEO	New	DIAGEO P L Cspon adr new	$1,137,000	–	8,457	–	0.51%	–
MCD	New	MCDONALDS CORP	$1,119,000	–	6,067	–	0.50%	–
KMB	New	KIMBERLY CLARK CORP	$1,085,000	–	7,678	–	0.48%	–
WMT	New	WALMART INC	$1,076,000	–	8,985	–	0.48%	–
WTRG	New	ESSENTIAL UTILS INC	$1,029,000	–	24,359	–	0.46%	–
DIS	New	DISNEY WALT CO	$1,023,000	–	9,178	–	0.46%	–
MPC	New	MARATHON PETE CORP	$1,003,000	–	26,826	–	0.45%	–
XYL	New	XYLEM INC	$925,000	–	14,241	–	0.41%	–
TFC	New	TRUIST FINL CORP	$924,000	–	24,600	–	0.41%	–
PPL	New	PPL CORP	$917,000	–	35,483	–	0.41%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$885,000	–	14,356	–	0.40%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$855,000	–	7,079	–	0.38%	–
PSX	New	PHILLIPS 66	$854,000	–	11,872	–	0.38%	–
GOOG	New	ALPHABET INCcap stk cl c	$753,000	–	533	–	0.34%	–
MO	New	ALTRIA GROUP INC	$674,000	–	17,160	–	0.30%	–
INTC	New	INTEL CORP	$673,000	–	11,252	–	0.30%	–
ZTS	New	ZOETIS INCcl a	$646,000	–	4,715	–	0.29%	–
EMR	New	EMERSON ELEC CO	$643,000	–	10,361	–	0.29%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$589,000	–	13,640	–	0.26%	–
AMZN	New	AMAZON COM INC	$579,000	–	210	–	0.26%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$575,000	–	3,860	–	0.26%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$542,000	–	3,037	–	0.24%	–
CABO	New	CABLE ONE INC	$532,000	–	300	–	0.24%	–
CL	New	COLGATE PALMOLIVE CO	$515,000	–	7,025	–	0.23%	–
GGG	New	GRACO INC	$509,000	–	10,598	–	0.23%	–
SYK	New	STRYKER CORPORATION	$505,000	–	2,802	–	0.23%	–
PNC	New	PNC FINL SVCS GROUP INC	$502,000	–	4,773	–	0.22%	–
GIS	New	GENERAL MLS INC	$491,000	–	7,965	–	0.22%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$461,000	–	10,875	–	0.21%	–
GOOGL	New	ALPHABET INCcap stk cl a	$423,000	–	298	–	0.19%	–
WY	New	WEYERHAEUSER CO MTN BE	$421,000	–	18,730	–	0.19%	–
DUK	New	DUKE ENERGY CORP NEW	$407,000	–	5,097	–	0.18%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$387,000	–	21,298	–	0.17%	–
COP	New	CONOCOPHILLIPS	$385,000	–	9,168	–	0.17%	–
ACN	New	ACCENTURE PLC IRELAND	$341,000	–	1,587	–	0.15%	–
ALL	New	ALLSTATE CORP	$333,000	–	3,436	–	0.15%	–
SPGI	New	S&P GLOBAL INC	$313,000	–	949	–	0.14%	–
DHR	New	DANAHER CORPORATION	$309,000	–	1,745	–	0.14%	–
	New	FIRST FARMERS BANK HOLDING CO CDT	$306,000	–	7,603	–	0.14%	–
ANTM	New	ANTHEM INC	$303,000	–	1,153	–	0.14%	–
ALB	New	ALBEMARLE CORP	$302,000	–	3,910	–	0.14%	–
AXP	New	AMERICAN EXPRESS CO	$272,000	–	2,860	–	0.12%	–
YUM	New	YUM BRANDS INC	$269,000	–	3,090	–	0.12%	–
CI	New	CIGNA CORP NEW	$263,000	–	1,402	–	0.12%	–
NGG	New	NATIONAL GRID PLCsponsored adr ne	$261,000	–	4,290	–	0.12%	–
CMCSA	New	COMCAST CORP NEWcl a	$262,000	–	6,718	–	0.12%	–
SO	New	SOUTHERN CO	$260,000	–	5,005	–	0.12%	–
COST	New	COSTCO WHSL CORP NEW	$252,000	–	830	–	0.11%	–
ITW	New	ILLINOIS TOOL WKS INC	$237,000	–	1,356	–	0.11%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$238,000	–	7,283	–	0.11%	–
IP	New	INTL PAPER CO	$217,000	–	6,165	–	0.10%	–
SRE	New	SEMPRA ENERGY	$211,000	–	1,800	–	0.09%	–
NOC	New	NORTHROP GRUMMAN CORP	$207,000	–	673	–	0.09%	–
CPB	New	CAMPBELL SOUP CO	$203,000	–	4,100	–	0.09%	–
ET	New	ENERGY TRANSFER LP	$92,000	–	12,937	–	0.04%	–
GE	New	GENERAL ELECTRIC CO	$84,000	–	12,337	–	0.04%	–

Q4 2019

			Value		Shares		↓ Weighting
MRO	Exit	MARATHON OIL CORP	$0	–	-12,168	–	-0.07%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-13,321	–	-0.08%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-1,490	–	-0.09%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-720	–	-0.09%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,356	–	-0.10%	–
CI	Exit	CIGNA CORP NEW	$0	–	-1,402	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-24,292	–	-0.10%	–
NGG	Exit	NATIONAL GRID PLCsponsored adr ne	$0	–	-4,290	–	-0.10%	–
AFL	Exit	AFLAC INC	$0	–	-4,816	–	-0.11%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-673	–	-0.11%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-5,500	–	-0.12%	–
DOW	Exit	DOW INC	$0	–	-5,431	–	-0.12%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-1,845	–	-0.12%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-1,800	–	-0.12%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,184	–	-0.13%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,129	–	-0.13%	–
	Exit	FIRST FARMERS BANK HOLDING CO CDT	$0	–	-7,603	–	-0.13%	–
VGSH	Exit	VANGUARD SCOTTSDALE FDSshort term treas	$0	–	-5,023	–	-0.14%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,915	–	-0.14%	–
AMZN	Exit	AMAZON COM INC	$0	–	-190	–	-0.15%	–
SO	Exit	SOUTHERN CO	$0	–	-5,583	–	-0.16%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,090	–	-0.16%	–
FFBC	Exit	FIRST FINL BANCORP OH	$0	–	-15,000	–	-0.17%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-5,194	–	-0.17%	–
IP	Exit	INTL PAPER CO	$0	–	-8,915	–	-0.17%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,436	–	-0.17%	–
CABO	Exit	CABLE ONE INC	$0	–	-300	–	-0.17%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-3,560	–	-0.19%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-350	–	-0.19%	–
BA	Exit	BOEING CO	$0	–	-1,186	–	-0.20%	–
GIS	Exit	GENERAL MLS INC	$0	–	-8,965	–	-0.22%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-18,730	–	-0.24%	–
GGG	Exit	GRACO INC	$0	–	-11,498	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-5,822	–	-0.25%	–
INTC	Exit	INTEL CORP	$0	–	-11,527	–	-0.27%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-8,227	–	-0.27%	–
SYK	Exit	STRYKER CORP	$0	–	-2,802	–	-0.27%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-5,015	–	-0.28%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-10,623	–	-0.28%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-21,973	–	-0.28%	–
VTR	Exit	VENTAS INC	$0	–	-8,777	–	-0.29%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-10,080	–	-0.30%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-563	–	-0.31%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-12,299	–	-0.32%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-12,675	–	-0.32%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-4,372	–	-0.32%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-5,355	–	-0.34%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-3,505	–	-0.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-4,137	–	-0.39%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-12,614	–	-0.39%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,640	–	-0.41%	–
RTN	Exit	RAYTHEON CO	$0	–	-5,392	–	-0.48%	–
WMT	Exit	WALMART INC	$0	–	-9,135	–	-0.49%	–
LECO	Exit	LINCOLN ELEC HLDGS INC	$0	–	-12,968	–	-0.51%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-6,889	–	-0.51%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-7,992	–	-0.52%	–
DIS	Exit	DISNEY WALT CO	$0	–	-8,998	–	-0.53%	–
BAX	Exit	BAXTER INTL INC	$0	–	-13,715	–	-0.54%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-8,479	–	-0.54%	–
LHX	Exit	L3HARRIS TECHNOLOGIES INC	$0	–	-5,780	–	-0.54%	–
XYL	Exit	XYLEM INC	$0	–	-15,201	–	-0.55%	–
PPL	Exit	PPL CORP	$0	–	-38,630	–	-0.55%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-8,091	–	-0.57%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-28,635	–	-0.58%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-31,303	–	-0.58%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-10,303	–	-0.58%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-28,794	–	-0.58%	–
RPM	Exit	RPM INTL INC	$0	–	-19,143	–	-0.60%	–
CLX	Exit	CLOROX CO DEL	$0	–	-8,816	–	-0.60%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,411	–	-0.63%	–
AMGN	Exit	AMGEN INC	$0	–	-7,474	–	-0.65%	–
PSX	Exit	PHILLIPS 66	$0	–	-14,275	–	-0.66%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-23,107	–	-0.66%	–
MCD	Exit	MCDONALDS CORP	$0	–	-6,826	–	-0.66%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-9,115	–	-0.67%	–
NKE	Exit	NIKE INCcl b	$0	–	-15,868	–	-0.67%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-19,783	–	-0.67%	–
CDW	Exit	CDW CORP	$0	–	-12,177	–	-0.68%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-14,804	–	-0.73%	–
ECL	Exit	ECOLAB INC	$0	–	-8,511	–	-0.76%	–
ORCL	Exit	ORACLE CORP	$0	–	-30,939	–	-0.77%	–
TGT	Exit	TARGET CORP	$0	–	-16,912	–	-0.82%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-16,280	–	-0.86%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-37,803	–	-0.87%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-32,397	–	-0.88%	–
MMC	Exit	MARSH & MCLENNAN COS INC	$0	–	-19,536	–	-0.88%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-32,974	–	-0.90%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-37,769	–	-1.02%	–
DOV	Exit	DOVER CORP	$0	–	-23,072	–	-1.04%	–
CSX	Exit	CSX CORP	$0	–	-34,475	–	-1.08%	–
HSY	Exit	HERSHEY CO	$0	–	-16,072	–	-1.13%	–
T	Exit	AT&T INC	$0	–	-69,412	–	-1.19%	–
TJX	Exit	TJX COS INC NEW	$0	–	-49,585	–	-1.25%	–
VFC	Exit	V F CORP	$0	–	-31,861	–	-1.28%	–
USB	Exit	US BANCORP DEL	$0	–	-51,632	–	-1.29%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-38,269	–	-1.31%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-12,582	–	-1.32%	–
D	Exit	DOMINION ENERGY INC	$0	–	-36,225	–	-1.33%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-35,822	–	-1.43%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-26,415	–	-1.43%	–
MMM	Exit	3M CO	$0	–	-19,534	–	-1.45%	–
V	Exit	VISA INC	$0	–	-19,550	–	-1.52%	–
AVGO	Exit	BROADCOM INC	$0	–	-12,387	–	-1.55%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-54,608	–	-1.55%	–
ABBV	Exit	ABBVIE INC	$0	–	-46,163	–	-1.58%	–
ENB	Exit	ENBRIDGE INC	$0	–	-102,418	–	-1.62%	–
LLY	Exit	LILLY ELI & CO	$0	–	-33,186	–	-1.68%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-22,080	–	-1.69%	–
CSCO	Exit	CISCO SYS INC	$0	–	-75,828	–	-1.69%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-67,518	–	-1.84%	–
ABT	Exit	ABBOTT LABS	$0	–	-50,321	–	-1.90%	–
PFE	Exit	PFIZER INC	$0	–	-120,989	–	-1.96%	–
MRK	Exit	MERCK & CO INC	$0	–	-52,054	–	-1.98%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-36,041	–	-2.11%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-84,823	–	-2.12%	–
HD	Exit	HOME DEPOT INC	$0	–	-20,807	–	-2.18%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-42,769	–	-2.28%	–
AAPL	Exit	APPLE INC	$0	–	-23,803	–	-2.41%	–
PEP	Exit	PEPSICO INC	$0	–	-40,832	–	-2.53%	–
KO	Exit	COCA COLA CO	$0	–	-105,372	–	-2.59%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-49,672	–	-2.66%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-48,006	–	-2.70%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-95,412	–	-3.04%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-57,664	–	-3.62%	–

Q3 2019

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$8,017,000	-0.1%	57,664	-3.8%	3.62%	-2.3%
XOM	Buy	EXXON MOBIL CORP	$6,737,000	-7.0%	95,412	+0.9%	3.04%	-9.1%
PG	Sell	PROCTER & GAMBLE CO	$5,971,000	+12.1%	48,006	-1.2%	2.70%	+9.7%
CVX	Buy	CHEVRON CORP NEW	$5,891,000	-3.3%	49,672	+1.5%	2.66%	-5.3%
KO	Buy	COCA COLA CO	$5,736,000	+9.0%	105,372	+2.0%	2.59%	+6.7%
PEP	Sell	PEPSICO INC	$5,598,000	+2.9%	40,832	-1.6%	2.53%	+0.6%
AAPL	Buy	APPLE INC	$5,331,000	+15.3%	23,803	+1.9%	2.41%	+12.8%
JPM	Buy	JPMORGAN CHASE & CO	$5,033,000	+8.5%	42,769	+3.1%	2.28%	+6.2%
HD	Buy	HOME DEPOT INC	$4,828,000	+13.5%	20,807	+1.7%	2.18%	+11.0%
MDLZ	Buy	MONDELEZ INTL INCcl a	$4,692,000	+3.2%	84,823	+0.5%	2.12%	+1.0%
JNJ	Buy	JOHNSON & JOHNSON	$4,663,000	-3.9%	36,041	+3.4%	2.11%	-6.0%
MRK	Sell	MERCK & CO INC	$4,382,000	-4.5%	52,054	-4.9%	1.98%	-6.6%
PFE	Sell	PFIZER INC	$4,347,000	-17.2%	120,989	-0.2%	1.96%	-19.0%
ABT	Buy	ABBOTT LABS	$4,210,000	-0.3%	50,321	+0.2%	1.90%	-2.5%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,075,000	+3.5%	67,518	-2.1%	1.84%	+1.2%
CSCO	Buy	CISCO SYS INC	$3,747,000	-8.0%	75,828	+1.9%	1.69%	-9.9%
HON	Buy	HONEYWELL INTL INC	$3,736,000	-2.0%	22,080	+1.1%	1.69%	-4.1%
LLY	Sell	LILLY ELI & CO	$3,711,000	-2.0%	33,186	-2.9%	1.68%	-4.2%
ENB	Buy	ENBRIDGE INC	$3,593,000	+2.8%	102,418	+5.8%	1.62%	+0.6%
ABBV	Buy	ABBVIE INC	$3,495,000	+8.9%	46,163	+4.6%	1.58%	+6.5%
BFB	Sell	BROWN FORMAN CORPcl b	$3,428,000	+9.4%	54,608	-3.4%	1.55%	+7.0%
AVGO	Buy	BROADCOM INC	$3,420,000	+8.1%	12,387	+12.7%	1.55%	+5.7%
V	Sell	VISA INC	$3,363,000	-4.6%	19,550	-3.8%	1.52%	-6.7%
MMM	Buy	3M CO	$3,211,000	-4.5%	19,534	+0.7%	1.45%	-6.6%
SBUX	Sell	STARBUCKS CORP	$3,167,000	+1.6%	35,822	-3.7%	1.43%	-0.7%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$3,165,000	+44.3%	26,415	+24.4%	1.43%	+41.3%
D	Buy	DOMINION ENERGY INC	$2,936,000	+17.0%	36,225	+11.6%	1.33%	+14.5%
NEE	Buy	NEXTERA ENERGY INC	$2,931,000	+15.9%	12,582	+1.9%	1.32%	+13.4%
PM	Buy	PHILIP MORRIS INTL INC	$2,906,000	-3.2%	38,269	+0.1%	1.31%	-5.4%
USB	Sell	US BANCORP DEL	$2,857,000	+4.2%	51,632	-1.3%	1.29%	+2.0%
VFC	Buy	V F CORP	$2,835,000	+14.1%	31,861	+12.0%	1.28%	+11.6%
TJX	Buy	TJX COS INC NEW	$2,764,000	+10.7%	49,585	+5.1%	1.25%	+8.3%
T	Sell	AT&T INC	$2,627,000	+6.0%	69,412	-6.2%	1.19%	+3.7%
HSY	Sell	HERSHEY CO	$2,491,000	+8.4%	16,072	-6.2%	1.13%	+6.1%
CSX	Sell	CSX CORP	$2,388,000	-13.0%	34,475	-2.8%	1.08%	-14.9%
DOV	Buy	DOVER CORP	$2,297,000	+12.0%	23,072	+12.7%	1.04%	+9.5%
BFA	Sell	BROWN FORMAN CORPcl a	$2,257,000	+8.0%	37,769	-0.5%	1.02%	+5.7%
MPC	Sell	MARATHON PETE CORP	$2,003,000	-2.0%	32,974	-9.8%	0.90%	-4.1%
MMC	Buy	MARSH & MCLENNAN COS INC	$1,955,000	+19.3%	19,536	+18.9%	0.88%	+16.8%
UL	Buy	UNILEVER PLCspon adr new	$1,947,000	+13.4%	32,397	+16.9%	0.88%	+11.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$1,917,000	-9.1%	37,803	-18.8%	0.87%	-11.2%
CINF	Buy	CINCINNATI FINL CORP	$1,899,000	+26.3%	16,280	+12.3%	0.86%	+23.6%
ORCL	Buy	ORACLE CORP	$1,703,000	+8.8%	30,939	+12.6%	0.77%	+6.5%
ECL	Buy	ECOLAB INC	$1,686,000	+50.3%	8,511	+49.8%	0.76%	+47.1%
MDT	Buy	MEDTRONIC PLC	$1,608,000	+26.1%	14,804	+13.0%	0.73%	+23.4%
CDW	Buy	CDW CORP	$1,501,000	+28.6%	12,177	+15.9%	0.68%	+25.8%
CHD	Buy	CHURCH & DWIGHT INC	$1,488,000	+8.4%	19,783	+5.2%	0.67%	+6.2%
NKE	Buy	NIKE INCcl b	$1,490,000	+15.9%	15,868	+3.6%	0.67%	+13.3%
UNP	Buy	UNION PACIFIC CORP	$1,476,000	+15.0%	9,115	+20.1%	0.67%	+12.5%
MCD	Sell	MCDONALDS CORP	$1,466,000	+2.4%	6,826	-1.0%	0.66%	+0.2%
GILD	Buy	GILEAD SCIENCES INC	$1,465,000	+18.0%	23,107	+25.8%	0.66%	+15.5%
PSX	Sell	PHILLIPS 66	$1,462,000	-8.3%	14,275	-16.3%	0.66%	-10.2%
AMGN	Buy	AMGEN INC	$1,446,000	+5.9%	7,474	+0.8%	0.65%	+3.6%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,393,000	+15.4%	6,411	+29.6%	0.63%	+12.9%
CLX	Sell	CLOROX CO DEL	$1,339,000	-11.1%	8,816	-10.4%	0.60%	-13.1%
RPM	Buy	RPM INTL INC	$1,317,000	+48.1%	19,143	+31.5%	0.60%	+44.8%
WTR	Sell	AQUA AMERICA INC	$1,291,000	-5.0%	28,794	-12.3%	0.58%	-7.0%
MO	Sell	ALTRIA GROUP INC	$1,280,000	-22.6%	31,303	-10.4%	0.58%	-24.2%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,280,000	-14.6%	10,303	-20.3%	0.58%	-16.5%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,276,000	-4.1%	28,635	-11.1%	0.58%	-6.2%
MKC	Buy	MCCORMICK & CO INC	$1,265,000	+6.3%	8,091	+5.4%	0.57%	+4.0%
PPL	Sell	PPL CORP	$1,216,000	-3.5%	38,630	-5.0%	0.55%	-5.5%
XYL	Sell	XYLEM INC	$1,210,000	-10.3%	15,201	-5.7%	0.55%	-12.2%
LHX	New	L3HARRIS TECHNOLOGIES INC	$1,206,000	–	5,780	–	0.54%	–
KMB	Sell	KIMBERLY CLARK CORP	$1,204,000	+1.8%	8,479	-4.5%	0.54%	-0.5%
BAX	Sell	BAXTER INTL INC	$1,200,000	+3.1%	13,715	-3.5%	0.54%	+0.7%
DIS	Sell	DISNEY WALT CO	$1,173,000	-8.1%	8,998	-1.5%	0.53%	-10.2%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,162,000	+4.1%	7,992	-1.2%	0.52%	+1.7%
DEO	Buy	DIAGEO P L Cspon adr new	$1,126,000	+4.6%	6,889	+10.3%	0.51%	+2.4%
LECO	Buy	LINCOLN ELEC HLDGS INC	$1,125,000	+50.2%	12,968	+42.6%	0.51%	+46.8%
WMT	Sell	WALMART INC	$1,084,000	+7.1%	9,135	-0.3%	0.49%	+4.7%
RTN	Sell	RAYTHEON CO	$1,058,000	+2.6%	5,392	-9.1%	0.48%	+0.4%
STI	Buy	SUNTRUST BKS INC	$868,000	+25.6%	12,614	+14.7%	0.39%	+22.9%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$861,000	-9.5%	4,137	-7.3%	0.39%	-11.4%
APD	Sell	AIR PRODS & CHEMS INC	$778,000	-2.6%	3,505	-0.7%	0.35%	-4.6%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$706,000	-14.1%	4,372	-12.1%	0.32%	-16.1%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$701,000	-12.4%	12,675	-13.3%	0.32%	-14.3%
COP	Sell	CONOCOPHILLIPS	$701,000	-26.3%	12,299	-21.1%	0.32%	-27.8%
GOOG	Sell	ALPHABET INCcap stk cl c	$686,000	+12.3%	563	-0.4%	0.31%	+9.9%
EMR	Sell	EMERSON ELEC CO	$674,000	-1.0%	10,080	-1.3%	0.30%	-3.2%
VTR	Sell	VENTAS INC	$641,000	+4.6%	8,777	-2.1%	0.29%	+2.5%
EPD	Sell	ENTERPRISE PRODS PARTNERS L	$628,000	-2.6%	21,973	-1.7%	0.28%	-4.7%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$625,000	-18.2%	10,623	-9.5%	0.28%	-20.1%
ZTS	Sell	ZOETIS INCcl a	$625,000	+9.5%	5,015	-0.4%	0.28%	+6.8%
SYK	Sell	STRYKER CORP	$606,000	+3.6%	2,802	-1.6%	0.27%	+1.5%
CL	Sell	COLGATE PALMOLIVE CO	$605,000	-0.5%	8,227	-3.1%	0.27%	-2.8%
INTC	Sell	INTEL CORP	$594,000	+2.4%	11,527	-4.9%	0.27%	0.0%
DUK	Sell	DUKE ENERGY CORP NEW	$558,000	+7.1%	5,822	-1.4%	0.25%	+4.6%
GGG	Sell	GRACO INC	$529,000	-16.4%	11,498	-8.8%	0.24%	-18.2%
GIS	Sell	GENERAL MLS INC	$494,000	-2.8%	8,965	-7.2%	0.22%	-5.1%
BA	Sell	BOEING CO	$451,000	-2.0%	1,186	-6.2%	0.20%	-4.2%
GOOGL	Sell	ALPHABET INCcap stk cl a	$427,000	+10.3%	350	-2.0%	0.19%	+7.8%
AXP	Sell	AMERICAN EXPRESS CO	$421,000	-15.8%	3,560	-12.1%	0.19%	-17.7%
IP	Sell	INTL PAPER CO	$373,000	-13.7%	8,915	-10.5%	0.17%	-15.5%
DD	Sell	DUPONT DE NEMOURS INC	$370,000	-62.0%	5,194	-60.0%	0.17%	-62.9%
YUM	Sell	YUM BRANDS INC	$350,000	+0.6%	3,090	-1.6%	0.16%	-1.9%
SO	Buy	SOUTHERN CO	$345,000	+15.8%	5,583	+3.7%	0.16%	+13.0%
CMCSA	Sell	COMCAST CORP NEWcl a	$312,000	+2.0%	6,915	-4.6%	0.14%	0.0%
VGSH	Buy	VANGUARD SCOTTSDALE FDSshort term treas	$306,000	+29.7%	5,023	+29.5%	0.14%	+26.6%
UTX	Sell	UNITED TECHNOLOGIES CORP	$291,000	-17.1%	2,129	-21.1%	0.13%	-18.5%
ANTM	Buy	ANTHEM INC	$284,000	-10.7%	1,184	+5.0%	0.13%	-12.9%
SRE	Sell	SEMPRA ENERGY	$266,000	+6.8%	1,800	-0.6%	0.12%	+4.3%
CPB	Sell	CAMPBELL SOUP CO	$258,000	+11.2%	5,500	-5.2%	0.12%	+9.3%
DOW	Sell	DOW INC	$259,000	-59.2%	5,431	-57.8%	0.12%	-60.1%
NOC	Sell	NORTHROP GRUMMAN CORP	$252,000	+0.8%	673	-12.9%	0.11%	-1.7%
GE	Sell	GENERAL ELECTRIC CO	$217,000	-19.3%	24,292	-5.1%	0.10%	-21.0%
CI	Sell	CIGNA CORP NEW	$213,000	-5.8%	1,402	-2.1%	0.10%	-7.7%
COST	New	COSTCO WHSL CORP NEW	$207,000	–	720	–	0.09%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$205,000	–	1,490	–	0.09%	–
ET	Sell	ENERGY TRANSFER LP	$174,000	-8.4%	13,321	-1.4%	0.08%	-10.2%
MRO	Sell	MARATHON OIL CORP	$149,000	-27.7%	12,168	-16.1%	0.07%	-29.5%
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-1,020	–	-0.09%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-300	–	-0.10%	–
K	Exit	KELLOGG CO	$0	–	-4,100	–	-0.10%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-1,626	–	-0.10%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-2,789	–	-0.10%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-9,332	–	-0.11%	–
CTVA	Exit	CORTEVA INC	$0	–	-13,456	–	-0.18%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-5,790	–	-0.51%	–

Q2 2019

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$8,029,000	–	59,933	–	3.71%	–
XOM	New	EXXON MOBIL CORP	$7,247,000	–	94,565	–	3.35%	–
CVX	New	CHEVRON CORP NEW	$6,089,000	–	48,929	–	2.81%	–
PEP	New	PEPSICO INC	$5,441,000	–	41,494	–	2.51%	–
PG	New	PROCTER AND GAMBLE CO	$5,326,000	–	48,577	–	2.46%	–
KO	New	COCA COLA CO	$5,260,000	–	103,305	–	2.43%	–
PFE	New	PFIZER INC	$5,251,000	–	121,206	–	2.43%	–
JNJ	New	JOHNSON & JOHNSON	$4,854,000	–	34,849	–	2.24%	–
JPM	New	JPMORGAN CHASE & CO	$4,638,000	–	41,483	–	2.14%	–
AAPL	New	APPLE INC	$4,624,000	–	23,364	–	2.14%	–
MRK	New	MERCK & CO INC	$4,590,000	–	54,742	–	2.12%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,548,000	–	84,383	–	2.10%	–
HD	New	HOME DEPOT INC	$4,255,000	–	20,461	–	1.97%	–
ABT	New	ABBOTT LABS	$4,224,000	–	50,228	–	1.95%	–
CSCO	New	CISCO SYS INC	$4,072,000	–	74,409	–	1.88%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,939,000	–	68,944	–	1.82%	–
HON	New	HONEYWELL INTL INC	$3,814,000	–	21,843	–	1.76%	–
LLY	New	LILLY ELI & CO	$3,787,000	–	34,184	–	1.75%	–
V	New	VISA INC	$3,526,000	–	20,315	–	1.63%	–
ENB	New	ENBRIDGE INC	$3,494,000	–	96,841	–	1.61%	–
MMM	New	3M CO	$3,362,000	–	19,394	–	1.55%	–
ABBV	New	ABBVIE INC	$3,210,000	–	44,147	–	1.48%	–
AVGO	New	BROADCOM INC	$3,164,000	–	10,990	–	1.46%	–
BFB	New	BROWN FORMAN CORPcl b	$3,133,000	–	56,526	–	1.45%	–
SBUX	New	STARBUCKS CORP	$3,118,000	–	37,189	–	1.44%	–
PM	New	PHILIP MORRIS INTL INC	$3,003,000	–	38,241	–	1.39%	–
CSX	New	CSX CORP	$2,744,000	–	35,461	–	1.27%	–
USB	New	US BANCORP DEL	$2,741,000	–	52,307	–	1.27%	–
NEE	New	NEXTERA ENERGY INC	$2,528,000	–	12,342	–	1.17%	–
D	New	DOMINION ENERGY INC	$2,509,000	–	32,449	–	1.16%	–
TJX	New	TJX COS INC NEW	$2,496,000	–	47,195	–	1.15%	–
VFC	New	V F CORP	$2,484,000	–	28,439	–	1.15%	–
T	New	AT&T INC	$2,479,000	–	73,985	–	1.14%	–
HSY	New	HERSHEY CO	$2,297,000	–	17,137	–	1.06%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,193,000	–	21,235	–	1.01%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,110,000	–	46,528	–	0.98%	–
BFA	New	BROWN FORMAN CORPcl a	$2,089,000	–	37,974	–	0.96%	–
DOV	New	DOVER CORP	$2,051,000	–	20,464	–	0.95%	–
MPC	New	MARATHON PETE CORP	$2,043,000	–	36,554	–	0.94%	–
UL	New	UNILEVER PLCspon adr new	$1,717,000	–	27,707	–	0.79%	–
MO	New	ALTRIA GROUP INC	$1,653,000	–	34,920	–	0.76%	–
MMC	New	MARSH & MCLENNAN COS INC	$1,639,000	–	16,429	–	0.76%	–
PSX	New	PHILLIPS 66	$1,594,000	–	17,046	–	0.74%	–
ORCL	New	ORACLE CORP	$1,565,000	–	27,478	–	0.72%	–
CLX	New	CLOROX CO DEL	$1,507,000	–	9,841	–	0.70%	–
CINF	New	CINCINNATI FINL CORP	$1,503,000	–	14,497	–	0.69%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,499,000	–	12,923	–	0.69%	–
TGT	New	TARGET CORP	$1,465,000	–	16,912	–	0.68%	–
MCD	New	MCDONALDS CORP	$1,432,000	–	6,895	–	0.66%	–
CHD	New	CHURCH & DWIGHT INC	$1,373,000	–	18,799	–	0.63%	–
AMGN	New	AMGEN INC	$1,366,000	–	7,415	–	0.63%	–
WTR	New	AQUA AMERICA INC	$1,359,000	–	32,844	–	0.63%	–
XYL	New	XYLEM INC	$1,349,000	–	16,126	–	0.62%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,330,000	–	32,210	–	0.62%	–
NKE	New	NIKE INCcl b	$1,286,000	–	15,323	–	0.59%	–
UNP	New	UNION PACIFIC CORP	$1,283,000	–	7,587	–	0.59%	–
DIS	New	DISNEY WALT CO	$1,276,000	–	9,138	–	0.59%	–
MDT	New	MEDTRONIC PLC	$1,275,000	–	13,096	–	0.59%	–
PPL	New	PPL CORP	$1,260,000	–	40,645	–	0.58%	–
GILD	New	GILEAD SCIENCES INC	$1,241,000	–	18,373	–	0.57%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,207,000	–	4,945	–	0.56%	–
MKC	New	MCCORMICK & CO INC	$1,190,000	–	7,674	–	0.55%	–
KMB	New	KIMBERLY CLARK CORP	$1,183,000	–	8,879	–	0.55%	–
CDW	New	CDW CORP	$1,167,000	–	10,511	–	0.54%	–
BAX	New	BAXTER INTL INC	$1,164,000	–	14,215	–	0.54%	–
ECL	New	ECOLAB INC	$1,122,000	–	5,681	–	0.52%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,116,000	–	8,092	–	0.52%	–
HRS	New	HARRIS CORP DEL	$1,095,000	–	5,790	–	0.51%	–
DEO	New	DIAGEO P L Cspon adr new	$1,076,000	–	6,244	–	0.50%	–
RTN	New	RAYTHEON CO	$1,031,000	–	5,932	–	0.48%	–
WMT	New	WALMART INC	$1,012,000	–	9,160	–	0.47%	–
DD	New	DUPONT DE NEMOURS INC	$974,000	–	12,979	–	0.45%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$951,000	–	4,462	–	0.44%	–
COP	New	CONOCOPHILLIPS	$951,000	–	15,595	–	0.44%	–
RPM	New	RPM INTL INC	$889,000	–	14,555	–	0.41%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$873,000	–	13,640	–	0.40%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$822,000	–	4,974	–	0.38%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$800,000	–	14,625	–	0.37%	–
APD	New	AIR PRODS & CHEMS INC	$799,000	–	3,530	–	0.37%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$764,000	–	11,742	–	0.35%	–
LECO	New	LINCOLN ELEC HLDGS INC	$749,000	–	9,097	–	0.35%	–
PNC	New	PNC FINL SVCS GROUP INC	$735,000	–	5,355	–	0.34%	–
STI	New	SUNTRUST BKS INC	$691,000	–	11,001	–	0.32%	–
EMR	New	EMERSON ELEC CO	$681,000	–	10,210	–	0.32%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$645,000	–	22,353	–	0.30%	–
DOW	New	DOW INC	$635,000	–	12,881	–	0.29%	–
GGG	New	GRACO INC	$633,000	–	12,608	–	0.29%	–
VTR	New	VENTAS INC	$613,000	–	8,968	–	0.28%	–
GOOG	New	ALPHABET INCcap stk cl c	$611,000	–	565	–	0.28%	–
CL	New	COLGATE PALMOLIVE CO	$608,000	–	8,489	–	0.28%	–
SYK	New	STRYKER CORP	$585,000	–	2,847	–	0.27%	–
INTC	New	INTEL CORP	$580,000	–	12,121	–	0.27%	–
ZTS	New	ZOETIS INCcl a	$571,000	–	5,035	–	0.26%	–
DUK	New	DUKE ENERGY CORP NEW	$521,000	–	5,906	–	0.24%	–
GIS	New	GENERAL MLS INC	$508,000	–	9,665	–	0.24%	–
AXP	New	AMERICAN EXPRESS CO	$500,000	–	4,050	–	0.23%	–
WY	New	WEYERHAEUSER CO	$493,000	–	18,730	–	0.23%	–
BA	New	BOEING CO	$460,000	–	1,264	–	0.21%	–
IP	New	INTL PAPER CO	$432,000	–	9,965	–	0.20%	–
CTVA	New	CORTEVA INC	$398,000	–	13,456	–	0.18%	–
GOOGL	New	ALPHABET INCcap stk cl a	$387,000	–	357	–	0.18%	–
FFBC	New	FIRST FINL BANCORP OH	$363,000	–	15,000	–	0.17%	–
AMZN	New	AMAZON COM INC	$360,000	–	190	–	0.17%	–
CABO	New	CABLE ONE INC	$351,000	–	300	–	0.16%	–
UTX	New	UNITED TECHNOLOGIES CORP	$351,000	–	2,699	–	0.16%	–
ALL	New	ALLSTATE CORP	$349,000	–	3,436	–	0.16%	–
YUM	New	YUM BRANDS INC	$348,000	–	3,140	–	0.16%	–
ANTM	New	ANTHEM INC	$318,000	–	1,128	–	0.15%	–
CMCSA	New	COMCAST CORP NEWcl a	$306,000	–	7,248	–	0.14%	–
SO	New	SOUTHERN CO	$298,000	–	5,385	–	0.14%	–
	New	FIRST FARMERS BANK HOLDING CO CDT	$291,000	–	7,603	–	0.13%	–
GE	New	GENERAL ELECTRIC CO	$269,000	–	25,597	–	0.12%	–
AFL	New	AFLAC INC	$264,000	–	4,816	–	0.12%	–
DHR	New	DANAHER CORPORATION	$264,000	–	1,845	–	0.12%	–
NOC	New	NORTHROP GRUMMAN CORP	$250,000	–	773	–	0.12%	–
SRE	New	SEMPRA ENERGY	$249,000	–	1,810	–	0.12%	–
CAG	New	CONAGRA BRANDS INC	$247,000	–	9,332	–	0.11%	–
VGSH	New	VANGUARD SCOTTSDALE FDSshort term treas	$236,000	–	3,878	–	0.11%	–
CPB	New	CAMPBELL SOUP CO	$232,000	–	5,800	–	0.11%	–
NGG	New	NATIONAL GRID PLCsponsored adr ne	$228,000	–	4,290	–	0.10%	–
CI	New	CIGNA CORP NEW	$226,000	–	1,432	–	0.10%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$223,000	–	2,789	–	0.10%	–
CAT	New	CATERPILLAR INC DEL	$222,000	–	1,626	–	0.10%	–
K	New	KELLOGG CO	$220,000	–	4,100	–	0.10%	–
GHC	New	GRAHAM HLDGS CO	$207,000	–	300	–	0.10%	–
MRO	New	MARATHON OIL CORP	$206,000	–	14,510	–	0.10%	–
ITW	New	ILLINOIS TOOL WKS INC	$204,000	–	1,356	–	0.09%	–
NSC	New	NORFOLK SOUTHERN CORP	$203,000	–	1,020	–	0.09%	–
ET	New	ENERGY TRANSFER LP	$190,000	–	13,513	–	0.09%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	TRAVELCENTERS OF AMERICA	$0	–	-30,000	–	0.00%	–
	Exit	FPA NEW INCOME INC	$0	–	-16,175	–	-0.08%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-10,692	–	-0.09%	–
WSBC	Exit	WESBANCO INC	$0	–	-4,521	–	-0.10%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-1,810	–	-0.10%	–
PF	Exit	PINNACLE FOODS INC DEL	$0	–	-3,206	–	-0.10%	–
NTR	Exit	NUTRIEN LTD	$0	–	-3,745	–	-0.10%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-1,653	–	-0.10%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,438	–	-0.10%	–
	Exit	JENSEN FUNDSjensn qlt grw j	$0	–	-4,173	–	-0.10%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-2,045	–	-0.11%	–
AFL	Exit	AFLAC INC	$0	–	-4,816	–	-0.11%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-6,200	–	-0.11%	–
SO	Exit	SOUTHERN CO	$0	–	-5,565	–	-0.12%	–
TRGP	Exit	TARGA RES CORP	$0	–	-4,412	–	-0.12%	–
NGG	Exit	NATIONAL GRID PLCsponsored adr ne	$0	–	-4,960	–	-0.12%	–
RPM	Exit	RPM INTL INC	$0	–	-4,035	–	-0.12%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-833	–	-0.13%	–
CABO	Exit	CABLE ONE INC	$0	–	-300	–	-0.13%	–
	Exit	FIRST FARMERS BANK HLDG CO	$0	–	-7,603	–	-0.13%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,302	–	-0.13%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-3,489	–	-0.14%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,340	–	-0.14%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-8,748	–	-0.15%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,565	–	-0.15%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,097	–	-0.15%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-14,407	–	-0.15%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-4,866	–	-0.16%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,200	–	-0.16%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,436	–	-0.16%	–
AMZN	Exit	AMAZON COM INC	$0	–	-192	–	-0.18%	–
CDW	Exit	CDW CORP	$0	–	-4,465	–	-0.19%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,943	–	-0.20%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-5,768	–	-0.21%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-385	–	-0.22%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-5,110	–	-0.22%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-14,530	–	-0.22%	–
	Exit	INVESTMENT CO AMER	$0	–	-11,408	–	-0.23%	–
SCG	Exit	SCANA CORP NEW	$0	–	-12,882	–	-0.24%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,715	–	-0.24%	–
	Exit	DODGE & COX INCOME FD	$0	–	-38,231	–	-0.24%	–
D	Exit	DOMINION ENERGY INC	$0	–	-7,537	–	-0.25%	–
K	Exit	KELLOGG CO	$0	–	-7,575	–	-0.25%	–
BA	Exit	BOEING CO	$0	–	-1,471	–	-0.26%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-6,843	–	-0.26%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-16,977	–	-0.28%	–
SYK	Exit	STRYKER CORP	$0	–	-3,248	–	-0.28%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-3,545	–	-0.28%	–
MKC	Exit	MCCORMICK & CO INC	$0	–	-4,484	–	-0.28%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-7,818	–	-0.31%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-28,079	–	-0.31%	–
UNP	Exit	UNION PAC CORP	$0	–	-4,097	–	-0.32%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-10,014	–	-0.32%	–
GGG	Exit	GRACO INC	$0	–	-14,490	–	-0.32%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-565	–	-0.32%	–
VTR	Exit	VENTAS INC	$0	–	-12,579	–	-0.33%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-61,892	–	-0.33%	–
IP	Exit	INTL PAPER CO	$0	–	-14,300	–	-0.34%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-32,813	–	-0.34%	–
INTC	Exit	INTEL CORP	$0	–	-15,204	–	-0.34%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-6,248	–	-0.35%	–
GIS	Exit	GENERAL MLS INC	$0	–	-17,990	–	-0.37%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-13,041	–	-0.37%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-5,711	–	-0.37%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-12,891	–	-0.37%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-10,334	–	-0.38%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-10,885	–	-0.40%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-5,606	–	-0.40%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-8,606	–	-0.40%	–
ORCL	Exit	ORACLE CORP	$0	–	-17,175	–	-0.42%	–
WMT	Exit	WALMART INC	$0	–	-9,426	–	-0.42%	–
FFBC	Exit	FIRST FINL BANCORP OH	$0	–	-30,801	–	-0.44%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-13,665	–	-0.44%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-13,825	–	-0.45%	–
NKE	Exit	NIKE INCcl b	$0	–	-11,214	–	-0.45%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-5,950	–	-0.48%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-19,059	–	-0.50%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-7,926	–	-0.53%	–
AMGN	Exit	AMGEN INC	$0	–	-5,453	–	-0.54%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-10,379	–	-0.56%	–
DOV	Exit	DOVER CORP	$0	–	-13,495	–	-0.57%	–
DIS	Exit	DISNEY WALT CO	$0	–	-10,282	–	-0.57%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-21,868	–	-0.57%	–
AVGO	Exit	BROADCOM INC	$0	–	-5,002	–	-0.59%	–
BAX	Exit	BAXTER INTL INC	$0	–	-16,765	–	-0.62%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,743	–	-0.62%	–
XYL	Exit	XYLEM INC	$0	–	-16,459	–	-0.63%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-15,032	–	-0.63%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-48,269	–	-0.66%	–
VFC	Exit	V F CORP	$0	–	-15,860	–	-0.71%	–
TGT	Exit	TARGET CORP	$0	–	-16,912	–	-0.71%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-40,685	–	-0.72%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-10,261	–	-0.74%	–
TJX	Exit	TJX COS INC NEW	$0	–	-13,865	–	-0.74%	–
RTN	Exit	RAYTHEON CO	$0	–	-7,619	–	-0.75%	–
CLX	Exit	CLOROX CO DEL	$0	–	-10,835	–	-0.78%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-28,986	–	-0.78%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-42,077	–	-0.79%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-7,902	–	-0.81%	–
PPL	Exit	PPL CORP	$0	–	-62,396	–	-0.87%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-23,701	–	-0.87%	–
HSY	Exit	HERSHEY CO	$0	–	-18,086	–	-0.88%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-38,674	–	-0.94%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-27,627	–	-0.96%	–
PSX	Exit	PHILLIPS 66	$0	–	-18,542	–	-1.00%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-13,002	–	-1.04%	–
ENB	Exit	ENBRIDGE INC	$0	–	-79,302	–	-1.22%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-42,477	–	-1.22%	–
CSX	Exit	CSX CORP	$0	–	-36,021	–	-1.27%	–
CSCO	Exit	CISCO SYS INC	$0	–	-55,671	–	-1.29%	–
USB	Exit	US BANCORP DEL	$0	–	-56,489	–	-1.42%	–
V	Exit	VISA INC	$0	–	-19,990	–	-1.43%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-18,022	–	-1.43%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-60,984	–	-1.47%	–
T	Exit	AT&T INC	$0	–	-92,449	–	-1.48%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-38,286	–	-1.49%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-41,135	–	-1.57%	–
MMM	Exit	3M CO	$0	–	-15,622	–	-1.57%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-81,792	–	-1.67%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-56,407	–	-1.73%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,966	–	-1.77%	–
ABT	Exit	ABBOTT LABS	$0	–	-50,895	–	-1.78%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-33,692	–	-1.81%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-73,898	–	-1.88%	–
ABBV	Exit	ABBVIE INC	$0	–	-42,742	–	-1.93%	–
MRK	Exit	MERCK & CO INC	$0	–	-58,030	–	-1.96%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-52,717	–	-2.09%	–
LLY	Exit	LILLY ELI & CO	$0	–	-41,889	–	-2.14%	–
KO	Exit	COCA COLA CO	$0	–	-102,468	–	-2.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-35,463	–	-2.33%	–
AAPL	Exit	APPLE INC	$0	–	-21,787	–	-2.34%	–
PEP	Exit	PEPSICO INC	$0	–	-45,386	–	-2.42%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-81,909	–	-2.42%	–
PFE	Exit	PFIZER INC	$0	–	-127,209	–	-2.67%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-48,164	–	-2.81%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-65,481	–	-3.57%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-92,203	–	-3.74%	–

Q3 2018

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$7,839,000	+5.6%	92,203	+2.8%	3.74%	-3.1%
MSFT	Sell	MICROSOFT CORP	$7,489,000	+14.0%	65,481	-1.7%	3.57%	+4.6%
CVX	Sell	CHEVRON CORP NEW	$5,890,000	-4.0%	48,164	-0.8%	2.81%	-11.9%
PFE	Sell	PFIZER INC	$5,606,000	+17.2%	127,209	-3.5%	2.67%	+7.6%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$5,085,000	+9.5%	81,909	-2.4%	2.42%	+0.5%
PEP	Sell	PEPSICO INC	$5,074,000	+0.2%	45,386	-2.5%	2.42%	-8.1%
AAPL	Buy	APPLE INC	$4,918,000	+25.0%	21,787	+2.5%	2.34%	+14.7%
JNJ	Buy	JOHNSON & JOHNSON	$4,900,000	+14.3%	35,463	+0.4%	2.33%	+4.9%
KO	Buy	COCA COLA CO	$4,733,000	+7.1%	102,468	+1.7%	2.26%	-1.7%
LLY	Sell	LILLY ELI & CO	$4,495,000	+19.5%	41,889	-5.0%	2.14%	+9.6%
PG	Sell	PROCTER AND GAMBLE CO	$4,388,000	-5.3%	52,717	-11.2%	2.09%	-13.1%
MRK	Sell	MERCK & CO INC	$4,117,000	+12.0%	58,030	-4.2%	1.96%	+2.7%
ABBV	Sell	ABBVIE INC	$4,043,000	+2.1%	42,742	-0.0%	1.93%	-6.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,945,000	+0.6%	73,898	-5.2%	1.88%	-7.7%
JPM	Buy	JPMORGAN CHASE & CO	$3,802,000	+21.5%	33,692	+12.2%	1.81%	+11.5%
ABT	Buy	ABBOTT LABS	$3,734,000	+20.8%	50,895	+0.4%	1.78%	+10.8%
HD	Buy	HOME DEPOT INC	$3,722,000	+10.7%	17,966	+4.3%	1.77%	+1.5%
DWDP	Sell	DOWDUPONT INC	$3,628,000	-5.4%	56,407	-3.1%	1.73%	-13.3%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,514,000	+5.0%	81,792	+0.2%	1.67%	-3.6%
MMM	Buy	3M CO	$3,292,000	+18.2%	15,622	+10.4%	1.57%	+8.4%
MPC	Sell	MARATHON PETE CORP	$3,290,000	+10.9%	41,135	-2.7%	1.57%	+1.7%
PM	Buy	PHILIP MORRIS INTL INC	$3,122,000	+2.3%	38,286	+1.3%	1.49%	-6.2%
T	Sell	AT&T INC	$3,104,000	-6.3%	92,449	-10.4%	1.48%	-14.0%
BFB	Sell	BROWN FORMAN CORPcl b	$3,083,000	-2.0%	60,984	-5.0%	1.47%	-10.1%
V	Buy	VISA INC	$3,000,000	+17.1%	19,990	+3.3%	1.43%	+7.4%
HON	Buy	HONEYWELL INTL INC	$2,999,000	+29.7%	18,022	+12.2%	1.43%	+19.0%
USB	Sell	US BANCORP DEL	$2,983,000	+5.1%	56,489	-0.4%	1.42%	-3.5%
CSCO	Buy	CISCO SYS INC	$2,708,000	+30.9%	55,671	+15.8%	1.29%	+20.1%
CSX	Sell	CSX CORP	$2,667,000	+15.0%	36,021	-1.0%	1.27%	+5.5%
MO	Sell	ALTRIA GROUP INC	$2,562,000	+0.9%	42,477	-5.0%	1.22%	-7.4%
ENB	Buy	ENBRIDGE INC	$2,561,000	+3.5%	79,302	+14.4%	1.22%	-5.1%
NEE	Buy	NEXTERA ENERGY INC	$2,179,000	+1.7%	13,002	+1.4%	1.04%	-6.7%
PSX	Sell	PHILLIPS 66	$2,090,000	-1.2%	18,542	-1.6%	1.00%	-9.4%
WBA	Sell	WALGREENS BOOTS ALLIANCE INC	$2,014,000	+8.2%	27,627	-11.0%	0.96%	-0.7%
BFA	Sell	BROWN FORMAN CORPcl a	$1,965,000	+3.7%	38,674	-0.3%	0.94%	-4.8%
HSY	Sell	HERSHEY CO	$1,845,000	+6.0%	18,086	-3.3%	0.88%	-2.8%
COP	Sell	CONOCOPHILLIPS	$1,834,000	-0.9%	23,701	-10.9%	0.87%	-9.1%
PPL	Sell	PPL CORP	$1,826,000	-11.2%	62,396	-13.4%	0.87%	-18.5%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$1,692,000	+50.4%	7,902	+31.0%	0.81%	+38.0%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,665,000	+4.1%	42,077	-7.7%	0.79%	-4.6%
SBUX	Buy	STARBUCKS CORP	$1,648,000	+48.5%	28,986	+27.6%	0.78%	+36.3%
CLX	Sell	CLOROX CO DEL	$1,630,000	+8.5%	10,835	-2.4%	0.78%	-0.4%
RTN	Sell	RAYTHEON CO	$1,575,000	+2.1%	7,619	-4.6%	0.75%	-6.4%
TJX	Buy	TJX COS INC NEW	$1,553,000	+52.3%	13,865	+29.4%	0.74%	+39.6%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,552,000	+3.8%	10,261	-4.1%	0.74%	-4.8%
WTR	Sell	AQUA AMERICA INC	$1,501,000	+4.3%	40,685	-0.5%	0.72%	-4.3%
TGT	Sell	TARGET CORP	$1,492,000	+14.5%	16,912	-1.2%	0.71%	+5.0%
VFC	Buy	V F CORP	$1,482,000	+35.1%	15,860	+17.9%	0.71%	+23.9%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$1,387,000	+39.0%	48,269	+33.8%	0.66%	+27.6%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,322,000	+0.5%	15,032	-2.4%	0.63%	-7.8%
XYL	Buy	XYLEM INC	$1,315,000	+28.4%	16,459	+8.3%	0.63%	+17.7%
MCD	Sell	MCDONALDS CORP	$1,295,000	+3.1%	7,743	-3.4%	0.62%	-5.4%
BAX	Sell	BAXTER INTL INC	$1,292,000	-7.8%	16,765	-11.7%	0.62%	-15.4%
AVGO	Buy	BROADCOM INC	$1,234,000	+75.8%	5,002	+73.0%	0.59%	+61.1%
KHC	Sell	KRAFT HEINZ CO	$1,205,000	-26.5%	21,868	-16.2%	0.57%	-32.5%
DIS	Sell	DISNEY WALT CO	$1,202,000	+5.8%	10,282	-5.1%	0.57%	-2.9%
DOV	Buy	DOVER CORP	$1,195,000	+27.5%	13,495	+5.4%	0.57%	+16.8%
KMB	Sell	KIMBERLY CLARK CORP	$1,179,000	-0.8%	10,379	-8.0%	0.56%	-8.9%
AMGN	Buy	AMGEN INC	$1,130,000	+22.3%	5,453	+9.0%	0.54%	+12.1%
UTX	Buy	UNITED TECHNOLOGIES CORP	$1,108,000	+92.0%	7,926	+71.8%	0.53%	+76.0%
UL	Buy	UNILEVER PLCspon adr new	$1,048,000	+15.9%	19,059	+16.6%	0.50%	+6.4%
HRS	Sell	HARRIS CORP DEL	$1,007,000	+15.2%	5,950	-1.7%	0.48%	+5.7%
NKE	Buy	NIKE INCcl b	$950,000	+55.7%	11,214	+46.4%	0.45%	+42.9%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$931,000	-7.5%	13,665	-5.9%	0.44%	-14.9%
ORCL	Buy	ORACLE CORP	$886,000	+112.0%	17,175	+81.2%	0.42%	+94.5%
MDT	Buy	MEDTRONIC PLC	$847,000	+69.1%	8,606	+47.0%	0.40%	+55.4%
ADP	Sell	AUTOMATIC DATA PROCESSING IN	$845,000	+8.8%	5,606	-3.2%	0.40%	0.0%
EMR	Sell	EMERSON ELEC CO	$834,000	+7.1%	10,885	-3.3%	0.40%	-1.7%
GILD	Buy	GILEAD SCIENCES INC	$798,000	+72.4%	10,334	+58.3%	0.38%	+58.3%
SLB	Sell	SCHLUMBERGER LTD	$785,000	-14.5%	12,891	-5.8%	0.37%	-21.6%
PNC	Sell	PNC FINL SVCS GROUP INC	$778,000	0.0%	5,711	-0.8%	0.37%	-8.2%
CHD	Buy	CHURCH & DWIGHT INC	$774,000	+69.4%	13,041	+51.8%	0.37%	+55.7%
GIS	Sell	GENERAL MLS INC	$772,000	-11.7%	17,990	-8.9%	0.37%	-18.9%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$729,000	+3.6%	6,248	-5.7%	0.35%	-5.2%
INTC	Sell	INTEL CORP	$719,000	-7.7%	15,204	-3.0%	0.34%	-15.1%
VOD	Sell	VODAFONE GROUP PLC NEWsponsored adr	$712,000	-32.1%	32,813	-23.9%	0.34%	-37.7%
IP	Sell	INTL PAPER CO	$703,000	-15.2%	14,300	-10.2%	0.34%	-22.1%
GE	Sell	GENERAL ELECTRIC CO	$699,000	-36.0%	61,892	-22.9%	0.33%	-41.4%
VTR	Sell	VENTAS INC	$684,000	-25.7%	12,579	-22.1%	0.33%	-31.8%
GOOG	Buy	ALPHABET INCcap stk cl c	$674,000	+10.1%	565	+2.9%	0.32%	+0.9%
CL	Sell	COLGATE PALMOLIVE CO	$670,000	-3.7%	10,014	-6.8%	0.32%	-11.6%
UNP	New	UNION PAC CORP	$667,000	–	4,097	–	0.32%	–
MRO	Sell	MARATHON OIL CORP	$654,000	+5.5%	28,079	-5.6%	0.31%	-3.1%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$642,000	-27.8%	7,818	-26.4%	0.31%	-33.8%
APD	Sell	AIR PRODS & CHEMS INC	$592,000	+6.7%	3,545	-0.5%	0.28%	-2.1%
MKC	Buy	MCCORMICK & CO INC	$591,000	+60.2%	4,484	+40.9%	0.28%	+46.9%
CAG	Sell	CONAGRA BRANDS INC	$577,000	-21.5%	16,977	-17.5%	0.28%	-28.0%
BA	Sell	BOEING CO	$547,000	+1.9%	1,471	-8.2%	0.26%	-6.5%
DUK	Sell	DUKE ENERGY CORP NEW	$548,000	-5.7%	6,843	-6.8%	0.26%	-13.6%
D	Buy	DOMINION ENERGY INC	$530,000	+52.7%	7,537	+48.2%	0.25%	+40.6%
K	Sell	KELLOGG CO	$530,000	-12.1%	7,575	-12.2%	0.25%	-19.2%
	Buy	DODGE & COX INCOME FD	$511,000	+7.1%	38,231	+7.3%	0.24%	-2.0%
AXP	Sell	AMERICAN EXPRESS CO	$502,000	+6.4%	4,715	-2.1%	0.24%	-2.4%
SCG	Sell	SCANA CORP NEW	$501,000	-12.0%	12,882	-12.9%	0.24%	-19.0%
ZTS	Sell	ZOETIS INCcl a	$468,000	+4.5%	5,110	-2.9%	0.22%	-4.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$465,000	+5.7%	385	-1.3%	0.22%	-2.6%
CINF	New	CINCINNATI FINL CORP	$443,000	–	5,768	–	0.21%	–
DEO	Buy	DIAGEO P L Cspon adr new	$417,000	+56.8%	2,943	+59.1%	0.20%	+44.2%
CDW	New	CDW CORP	$397,000	–	4,465	–	0.19%	–
STI	Buy	SUNTRUST BKS INC	$325,000	+36.6%	4,866	+35.2%	0.16%	+25.0%
ETP	Sell	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$321,000	+6.6%	14,407	-9.0%	0.15%	-1.9%
GD	Sell	GENERAL DYNAMICS CORP	$320,000	+8.8%	1,565	-0.8%	0.15%	-0.7%
CAT	Sell	CATERPILLAR INC DEL	$320,000	+7.4%	2,097	-4.6%	0.15%	-1.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$310,000	-4.3%	8,748	-11.4%	0.15%	-11.9%
YUM	Sell	YUM BRANDS INC	$304,000	+13.9%	3,340	-2.2%	0.14%	+4.3%
	Buy	FIRST FARMERS BANK HLDG CO	$268,000	+5.9%	7,603	+4.8%	0.13%	-2.3%
RPM	New	RPM INTL INC	$262,000	–	4,035	–	0.12%	–
NGG	Sell	NATIONAL GRID PLCsponsored adr ne	$257,000	-10.5%	4,960	-3.6%	0.12%	-18.1%
CPB	Sell	CAMPBELL SOUP CO	$227,000	-11.0%	6,200	-1.6%	0.11%	-18.2%
	New	JENSEN FUNDSjensn qlt grw j	$220,000	–	4,173	–	0.10%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$217,000	–	1,653	–	0.10%	–
NTR	Sell	NUTRIEN LTD	$216,000	-33.9%	3,745	-37.7%	0.10%	-39.4%
PF	Sell	PINNACLE FOODS INC DEL	$208,000	-25.2%	3,206	-24.9%	0.10%	-31.2%
SRE	Sell	SEMPRA ENERGY	$206,000	-7.2%	1,810	-5.2%	0.10%	-14.8%
WSBC	New	WESBANCO INC	$202,000	–	4,521	–	0.10%	–
KMI	Sell	KINDER MORGAN INC DEL	$190,000	-4.0%	10,692	-4.4%	0.09%	-11.7%
	Buy	FPA NEW INCOME INC	$161,000	+40.0%	16,175	+40.9%	0.08%	+28.3%
APY	Exit	APERGY CORP	$0	–	-5,450	–	-0.12%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-1,471	–	-0.13%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-7,465	–	-0.13%	–

Q2 2018

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$7,424,000	–	89,732	–	3.86%	–
MSFT	New	MICROSOFT CORP	$6,567,000	–	66,592	–	3.41%	–
CVX	New	CHEVRON CORP NEW	$6,135,000	–	48,528	–	3.19%	–
PEP	New	PEPSICO INC	$5,066,000	–	46,535	–	2.63%	–
PFE	New	PFIZER INC	$4,782,000	–	131,802	–	2.48%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,644,000	–	83,914	–	2.41%	–
PG	New	PROCTER AND GAMBLE CO	$4,635,000	–	59,380	–	2.41%	–
KO	New	COCA COLA CO	$4,420,000	–	100,766	–	2.30%	–
JNJ	New	JOHNSON & JOHNSON	$4,286,000	–	35,325	–	2.22%	–
ABBV	New	ABBVIE INC	$3,961,000	–	42,753	–	2.06%	–
AAPL	New	APPLE INC	$3,935,000	–	21,259	–	2.04%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,922,000	–	77,966	–	2.04%	–
DWDP	New	DOWDUPONT INC	$3,837,000	–	58,208	–	1.99%	–
LLY	New	LILLY ELI & CO	$3,763,000	–	44,102	–	1.95%	–
MRK	New	MERCK & CO INC	$3,676,000	–	60,554	–	1.91%	–
HD	New	HOME DEPOT INC	$3,362,000	–	17,233	–	1.75%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,346,000	–	81,608	–	1.74%	–
T	New	AT&T INC	$3,313,000	–	103,181	–	1.72%	–
BFB	New	BROWN FORMAN CORPcl b	$3,146,000	–	64,189	–	1.63%	–
JPM	New	JPMORGAN CHASE & CO	$3,128,000	–	30,022	–	1.62%	–
ABT	New	ABBOTT LABS	$3,092,000	–	50,702	–	1.60%	–
PM	New	PHILIP MORRIS INTL INC	$3,053,000	–	37,810	–	1.58%	–
MPC	New	MARATHON PETE CORP	$2,967,000	–	42,285	–	1.54%	–
USB	New	US BANCORP DEL	$2,837,000	–	56,708	–	1.47%	–
MMM	New	3M CO	$2,784,000	–	14,150	–	1.45%	–
V	New	VISA INC	$2,563,000	–	19,352	–	1.33%	–
MO	New	ALTRIA GROUP INC	$2,539,000	–	44,707	–	1.32%	–
ENB	New	ENBRIDGE INC	$2,474,000	–	69,321	–	1.28%	–
CSX	New	CSX CORP	$2,320,000	–	36,371	–	1.20%	–
HON	New	HONEYWELL INTL INC	$2,313,000	–	16,060	–	1.20%	–
NEE	New	NEXTERA ENERGY INC	$2,142,000	–	12,827	–	1.11%	–
PSX	New	PHILLIPS 66	$2,116,000	–	18,842	–	1.10%	–
CSCO	New	CISCO SYS INC	$2,069,000	–	48,074	–	1.07%	–
PPL	New	PPL CORP	$2,057,000	–	72,044	–	1.07%	–
BFA	New	BROWN FORMAN CORPcl a	$1,894,000	–	38,774	–	0.98%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$1,862,000	–	31,027	–	0.97%	–
COP	New	CONOCOPHILLIPS	$1,851,000	–	26,591	–	0.96%	–
HSY	New	HERSHEY CO	$1,741,000	–	18,711	–	0.90%	–
KHC	New	KRAFT HEINZ CO	$1,639,000	–	26,085	–	0.85%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,600,000	–	45,577	–	0.83%	–
RTN	New	RAYTHEON CO	$1,543,000	–	7,989	–	0.80%	–
CLX	New	CLOROX CO DEL	$1,502,000	–	11,105	–	0.78%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,495,000	–	10,701	–	0.78%	–
WTR	New	AQUA AMERICA INC	$1,439,000	–	40,892	–	0.75%	–
BAX	New	BAXTER INTL INC	$1,402,000	–	18,990	–	0.73%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,316,000	–	15,408	–	0.68%	–
TGT	New	TARGET CORP	$1,303,000	–	17,112	–	0.68%	–
MCD	New	MCDONALDS CORP	$1,256,000	–	8,018	–	0.65%	–
KMB	New	KIMBERLY CLARK CORP	$1,188,000	–	11,279	–	0.62%	–
DIS	New	DISNEY WALT CO	$1,136,000	–	10,837	–	0.59%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$1,125,000	–	6,030	–	0.58%	–
SBUX	New	STARBUCKS CORP	$1,110,000	–	22,725	–	0.58%	–
VFC	New	V F CORP	$1,097,000	–	13,454	–	0.57%	–
GE	New	GENERAL ELECTRIC CO	$1,093,000	–	80,318	–	0.57%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$1,048,000	–	43,097	–	0.54%	–
XYL	New	XYLEM INC	$1,024,000	–	15,204	–	0.53%	–
TJX	New	TJX COS INC NEW	$1,020,000	–	10,714	–	0.53%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,006,000	–	14,525	–	0.52%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$998,000	–	36,067	–	0.52%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$955,000	–	13,825	–	0.50%	–
FFBC	New	FIRST FINL BANCORP OH	$944,000	–	30,801	–	0.49%	–
DOV	New	DOVER CORP	$937,000	–	12,802	–	0.49%	–
AMGN	New	AMGEN INC	$924,000	–	5,004	–	0.48%	–
VTR	New	VENTAS INC	$920,000	–	16,154	–	0.48%	–
SLB	New	SCHLUMBERGER LTD	$918,000	–	13,691	–	0.48%	–
UL	New	UNILEVER PLCspon adr new	$904,000	–	16,348	–	0.47%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$889,000	–	10,624	–	0.46%	–
HRS	New	HARRIS CORP DEL	$874,000	–	6,050	–	0.45%	–
GIS	New	GENERAL MLS INC	$874,000	–	19,740	–	0.45%	–
IP	New	INTL PAPER CO	$829,000	–	15,925	–	0.43%	–
WMT	New	WALMART INC	$807,000	–	9,426	–	0.42%	–
INTC	New	INTEL CORP	$779,000	–	15,679	–	0.40%	–
PNC	New	PNC FINL SVCS GROUP INC	$778,000	–	5,757	–	0.40%	–
EMR	New	EMERSON ELEC CO	$779,000	–	11,260	–	0.40%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$777,000	–	5,789	–	0.40%	–
CAG	New	CONAGRA BRANDS INC	$735,000	–	20,577	–	0.38%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$704,000	–	6,623	–	0.37%	–
AVGO	New	BROADCOM INC	$702,000	–	2,892	–	0.36%	–
CL	New	COLGATE PALMOLIVE CO	$696,000	–	10,739	–	0.36%	–
GGG	New	GRACO INC	$655,000	–	14,490	–	0.34%	–
MRO	New	MARATHON OIL CORP	$620,000	–	29,729	–	0.32%	–
GOOG	New	ALPHABET INCcap stk cl c	$612,000	–	549	–	0.32%	–
NKE	New	NIKE INCcl b	$610,000	–	7,658	–	0.32%	–
K	New	KELLOGG CO	$603,000	–	8,625	–	0.31%	–
DUK	New	DUKE ENERGY CORP NEW	$581,000	–	7,343	–	0.30%	–
UTX	New	UNITED TECHNOLOGIES CORP	$577,000	–	4,614	–	0.30%	–
SCG	New	SCANA CORP NEW	$569,000	–	14,782	–	0.30%	–
APD	New	AIR PRODS & CHEMS INC	$555,000	–	3,562	–	0.29%	–
SYK	New	STRYKER CORP	$548,000	–	3,248	–	0.28%	–
BA	New	BOEING CO	$537,000	–	1,602	–	0.28%	–
WY	New	WEYERHAEUSER CO	$530,000	–	14,530	–	0.28%	–
MDT	New	MEDTRONIC PLC	$501,000	–	5,855	–	0.26%	–
	New	DODGE & COX INCOME FD	$477,000	–	35,646	–	0.25%	–
AXP	New	AMERICAN EXPRESS CO	$472,000	–	4,815	–	0.24%	–
GILD	New	GILEAD SCIENCES INC	$463,000	–	6,529	–	0.24%	–
	New	INVESTMENT CO AMER	$460,000	–	11,408	–	0.24%	–
CHD	New	CHURCH & DWIGHT INC	$457,000	–	8,591	–	0.24%	–
ZTS	New	ZOETIS INCcl a	$448,000	–	5,260	–	0.23%	–
GOOGL	New	ALPHABET INCcap stk cl a	$440,000	–	390	–	0.23%	–
ORCL	New	ORACLE CORP	$418,000	–	9,476	–	0.22%	–
MKC	New	MCCORMICK & CO INC	$369,000	–	3,182	–	0.19%	–
D	New	DOMINION ENERGY INC	$347,000	–	5,084	–	0.18%	–
NTR	New	NUTRIEN LTD	$327,000	–	6,008	–	0.17%	–
AMZN	New	AMAZON COM INC	$326,000	–	192	–	0.17%	–
CMCSA	New	COMCAST CORP NEWcl a	$324,000	–	9,873	–	0.17%	–
ALL	New	ALLSTATE CORP	$314,000	–	3,436	–	0.16%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$301,000	–	15,831	–	0.16%	–
CAT	New	CATERPILLAR INC DEL	$298,000	–	2,197	–	0.16%	–
GD	New	GENERAL DYNAMICS CORP	$294,000	–	1,577	–	0.15%	–
ANTM	New	ANTHEM INC	$286,000	–	1,200	–	0.15%	–
NGG	New	NATIONAL GRID PLCsponsored adr ne	$287,000	–	5,143	–	0.15%	–
PF	New	PINNACLE FOODS INC DEL	$278,000	–	4,271	–	0.14%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$273,000	–	3,489	–	0.14%	–
YUM	New	YUM BRANDS INC	$267,000	–	3,415	–	0.14%	–
DEO	New	DIAGEO P L Cspon adr new	$266,000	–	1,850	–	0.14%	–
SO	New	SOUTHERN CO	$258,000	–	5,565	–	0.13%	–
NOC	New	NORTHROP GRUMMAN CORP	$256,000	–	833	–	0.13%	–
CPB	New	CAMPBELL SOUP CO	$255,000	–	6,300	–	0.13%	–
MUR	New	MURPHY OIL CORP	$252,000	–	7,465	–	0.13%	–
	New	FIRST FARMERS BANK HLDG CO	$253,000	–	7,256	–	0.13%	–
SHPG	New	SHIRE PLCsponsored adr	$248,000	–	1,471	–	0.13%	–
STI	New	SUNTRUST BKS INC	$238,000	–	3,598	–	0.12%	–
APY	New	APERGY CORP	$228,000	–	5,450	–	0.12%	–
CI	New	CIGNA CORPORATION	$221,000	–	1,302	–	0.12%	–
SRE	New	SEMPRA ENERGY	$222,000	–	1,910	–	0.12%	–
DDAIF	New	DAIMLER AG	$221,000	–	3,438	–	0.12%	–
CABO	New	CABLE ONE INC	$220,000	–	300	–	0.11%	–
TRGP	New	TARGA RES CORP	$218,000	–	4,412	–	0.11%	–
AFL	New	AFLAC INC	$207,000	–	4,816	–	0.11%	–
DHR	New	DANAHER CORP DEL	$202,000	–	2,045	–	0.10%	–
KMI	New	KINDER MORGAN INC DEL	$198,000	–	11,183	–	0.10%	–
	New	FPA NEW INCOME INC	$115,000	–	11,477	–	0.06%	–
	New	TRAVELCENTERS OF AMERICA	$0	–	30,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	TRAVELCENTERS OF AMERICA	$0	–	-30,000	–	0.00%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-1,396	–	-0.11%	–
MUSA	Exit	MURPHY USA INC	$0	–	-3,050	–	-0.11%	–
VVV	Exit	VALVOLINE INC	$0	–	-9,024	–	-0.11%	–
TRGP	Exit	TARGA RES CORP	$0	–	-4,533	–	-0.11%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-4,300	–	-0.11%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-1,900	–	-0.11%	–
CABO	Exit	CABLE ONE INC	$0	–	-300	–	-0.11%	–
SO	Exit	SOUTHERN CO	$0	–	-4,479	–	-0.11%	–
ANTM	Exit	ANTHEM INC	$0	–	-1,200	–	-0.12%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-3,489	–	-0.12%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-5,846	–	-0.12%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-12,607	–	-0.12%	–
CI	Exit	CIGNA CORPORATION	$0	–	-1,302	–	-0.13%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-6,470	–	-0.13%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-9,390	–	-0.13%	–
YUM	Exit	YUM BRANDS INC	$0	–	-3,530	–	-0.14%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-933	–	-0.14%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,438	–	-0.14%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-5,000	–	-0.15%	–
TWX	Exit	TIME WARNER INC	$0	–	-2,835	–	-0.15%	–
SYK	Exit	STRYKER CORP	$0	–	-2,040	–	-0.15%	–
PF	Exit	PINNACLE FOODS INC DEL	$0	–	-5,135	–	-0.15%	–
TJX	Exit	TJX COS INC NEW	$0	–	-3,996	–	-0.15%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,403	–	-0.16%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,715	–	-0.16%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-6,780	–	-0.16%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,555	–	-0.17%	–
NGG	Exit	NATIONAL GRID PLCsponsored adr ne	$0	–	-5,204	–	-0.17%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,628	–	-0.17%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-5,400	–	-0.18%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-4,350	–	-0.19%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-21,456	–	-0.20%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-417	–	-0.21%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-16,053	–	-0.22%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-4,825	–	-0.23%	–
BA	Exit	BOEING CO	$0	–	-1,786	–	-0.24%	–
	Exit	INVESTMENT CO AMER	$0	–	-11,408	–	-0.24%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-8,100	–	-0.24%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-3,255	–	-0.26%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-36,896	–	-0.26%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-15,263	–	-0.27%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-544	–	-0.27%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-13,638	–	-0.27%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-3,739	–	-0.30%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-29,932	–	-0.30%	–
VFC	Exit	V F CORP	$0	–	-9,721	–	-0.32%	–
GGG	Exit	GRACO INC	$0	–	-5,025	–	-0.32%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-5,925	–	-0.34%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-7,870	–	-0.34%	–
K	Exit	KELLOGG CO	$0	–	-11,100	–	-0.36%	–
INTC	Exit	INTEL CORP	$0	–	-18,215	–	-0.36%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-13,106	–	-0.36%	–
AMGN	Exit	AMGEN INC	$0	–	-3,922	–	-0.38%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-5,577	–	-0.38%	–
SCG	Exit	SCANA CORP NEW	$0	–	-15,185	–	-0.38%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-4,140	–	-0.39%	–
MON	Exit	MONSANTO CO NEW	$0	–	-6,406	–	-0.40%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-12,310	–	-0.40%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-10,727	–	-0.40%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-6,558	–	-0.41%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-12,796	–	-0.42%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-6,261	–	-0.44%	–
XYL	Exit	XYLEM INC	$0	–	-13,946	–	-0.45%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-26,175	–	-0.46%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-11,549	–	-0.47%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-13,251	–	-0.48%	–
IP	Exit	INTL PAPER CO	$0	–	-17,029	–	-0.50%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-16,234	–	-0.51%	–
DIS	Exit	DISNEY WALT CO	$0	–	-10,372	–	-0.53%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-14,527	–	-0.53%	–
TGT	Exit	TARGET CORP	$0	–	-17,492	–	-0.53%	–
DOV	Exit	DOVER CORP	$0	–	-11,545	–	-0.55%	–
CSCO	Exit	CISCO SYS INC	$0	–	-34,051	–	-0.59%	–
GIS	Exit	GENERAL MLS INC	$0	–	-23,740	–	-0.64%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-15,893	–	-0.66%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,530	–	-0.69%	–
BAX	Exit	BAXTER INTL INC	$0	–	-21,307	–	-0.69%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-41,745	–	-0.72%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-11,778	–	-0.72%	–
CLX	Exit	CLOROX CO DEL	$0	–	-11,175	–	-0.76%	–
RTN	Exit	RAYTHEON CO	$0	–	-8,284	–	-0.80%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-11,016	–	-0.83%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-31,997	–	-0.83%	–
VTR	Exit	VENTAS INC	$0	–	-25,469	–	-0.86%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-49,654	–	-0.87%	–
PSX	Exit	PHILLIPS 66	$0	–	-19,736	–	-0.94%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-12,732	–	-0.96%	–
V	Exit	VISA INC	$0	–	-17,784	–	-0.97%	–
VOD	Exit	VODAFONE GROUP PLC NEWsponsored adr	$0	–	-65,914	–	-0.97%	–
CSX	Exit	CSX CORP	$0	–	-38,109	–	-1.07%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-14,965	–	-1.10%	–
HSY	Exit	HERSHEY CO	$0	–	-20,050	–	-1.13%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-40,382	–	-1.14%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-40,229	–	-1.16%	–
ENB	Exit	ENBRIDGE INC	$0	–	-55,019	–	-1.19%	–
MMM	Exit	3M CO	$0	–	-11,753	–	-1.28%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-25,866	–	-1.28%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-32,329	–	-1.30%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-45,951	–	-1.33%	–
ABT	Exit	ABBOTT LABS	$0	–	-51,119	–	-1.41%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,339	–	-1.47%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-36,886	–	-1.47%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-79,542	–	-1.67%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-51,313	–	-1.68%	–
USB	Exit	US BANCORP DEL	$0	–	-61,164	–	-1.70%	–
AAPL	Exit	APPLE INC	$0	–	-21,946	–	-1.75%	–
PPL	Exit	PPL CORP	$0	–	-90,251	–	-1.77%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-145,800	–	-1.82%	–
ABBV	Exit	ABBVIE INC	$0	–	-43,665	–	-2.01%	–
LLY	Exit	LILLY ELI & CO	$0	–	-47,308	–	-2.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-36,708	–	-2.11%	–
MRK	Exit	MERCK & CO INC	$0	–	-64,047	–	-2.12%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-59,421	–	-2.13%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-86,637	–	-2.22%	–
KO	Exit	COCA COLA CO	$0	–	-97,379	–	-2.27%	–
T	Exit	AT&T INC	$0	–	-113,110	–	-2.29%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,431	–	-2.32%	–
PFE	Exit	PFIZER INC	$0	–	-136,326	–	-2.52%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-67,693	–	-2.61%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-86,385	–	-2.85%	–
PEP	Exit	PEPSICO INC	$0	–	-49,732	–	-2.87%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-50,153	–	-3.05%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-71,244	–	-3.35%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-89,798	–	-3.81%	–

Q3 2017

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$7,362,000	+2.9%	89,798	+1.3%	3.81%	-1.2%
PG	Sell	PROCTER AND GAMBLE CO	$6,482,000	+2.9%	71,244	-1.5%	3.35%	-1.2%
CVX	Buy	CHEVRON CORP NEW	$5,893,000	+12.6%	50,153	+0.0%	3.05%	+8.2%
PEP	Sell	PEPSICO INC	$5,542,000	-3.6%	49,732	-0.1%	2.87%	-7.5%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$5,506,000	+15.9%	86,385	+1.3%	2.85%	+11.3%
MSFT	Sell	MICROSOFT CORP	$5,042,000	+7.1%	67,693	-0.9%	2.61%	+2.9%
PFE	Buy	PFIZER INC	$4,867,000	+6.7%	136,326	+0.4%	2.52%	+2.4%
JNJ	Sell	JOHNSON & JOHNSON	$4,476,000	-2.9%	34,431	-1.1%	2.32%	-6.7%
T	Buy	AT&T INC	$4,431,000	+5.2%	113,110	+1.3%	2.29%	+1.0%
KO	Sell	COCA COLA CO	$4,383,000	-1.1%	97,379	-1.5%	2.27%	-5.1%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,288,000	+10.8%	86,637	-0.0%	2.22%	+6.4%
DWDP	New	DOWDUPONT INC	$4,114,000	–	59,421	–	2.13%	–
MRK	Buy	MERCK & CO INC	$4,101,000	+0.9%	64,047	+1.0%	2.12%	-3.1%
PM	Buy	PHILIP MORRIS INTL INC	$4,075,000	-5.2%	36,708	+0.3%	2.11%	-9.0%
LLY	Buy	LILLY ELI & CO	$4,047,000	+8.8%	47,308	+4.7%	2.09%	+4.5%
GE	Sell	GENERAL ELECTRIC CO	$3,525,000	-10.6%	145,800	-0.1%	1.82%	-14.2%
PPL	Buy	PPL CORP	$3,425,000	-1.4%	90,251	+0.5%	1.77%	-5.3%
AAPL	Buy	APPLE INC	$3,382,000	+10.3%	21,946	+3.1%	1.75%	+5.9%
MO	Buy	ALTRIA GROUP INC	$3,254,000	-10.9%	51,313	+4.6%	1.68%	-14.4%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,234,000	-1.9%	79,542	+4.2%	1.67%	-5.9%
HD	Sell	HOME DEPOT INC	$2,836,000	+6.5%	17,339	-0.1%	1.47%	+2.2%
ABT	Buy	ABBOTT LABS	$2,728,000	+12.2%	51,119	+2.2%	1.41%	+7.6%
MPC	Sell	MARATHON PETE CORP	$2,577,000	+5.1%	45,951	-2.0%	1.33%	+0.8%
KHC	Buy	KRAFT HEINZ CO	$2,507,000	-6.1%	32,329	+3.7%	1.30%	-9.9%
JPM	Sell	JPMORGAN CHASE & CO	$2,470,000	+1.8%	25,866	-2.5%	1.28%	-2.2%
MMM	Sell	3M CO	$2,467,000	+0.6%	11,753	-0.2%	1.28%	-3.4%
ENB	Buy	ENBRIDGE INC	$2,302,000	+7.6%	55,019	+2.4%	1.19%	+3.3%
BFA	Sell	BROWN FORMAN CORPcl a	$2,240,000	+8.9%	40,229	-3.5%	1.16%	+4.6%
BFB	Buy	BROWN FORMAN CORPcl b	$2,193,000	+12.2%	40,382	+0.4%	1.14%	+7.8%
HSY	Sell	HERSHEY CO	$2,189,000	+1.6%	20,050	-0.1%	1.13%	-2.4%
HON	Buy	HONEYWELL INTL INC	$2,121,000	+10.2%	14,965	+3.7%	1.10%	+5.8%
CSX	Buy	CSX CORP	$2,068,000	+3.0%	38,109	+3.6%	1.07%	-1.1%
VOD	Buy	VODAFONE GROUP PLC NEWsponsored adr	$1,876,000	-0.4%	65,914	+0.5%	0.97%	-4.3%
V	Buy	VISA INC	$1,872,000	+19.5%	17,784	+6.5%	0.97%	+14.8%
NEE	Buy	NEXTERA ENERGY INC	$1,866,000	+5.8%	12,732	+1.2%	0.96%	+1.6%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$1,682,000	-1.7%	49,654	-1.1%	0.87%	-5.6%
VTR	Buy	VENTAS INC	$1,659,000	-4.2%	25,469	+2.2%	0.86%	-8.0%
COP	Buy	CONOCOPHILLIPS	$1,601,000	+17.5%	31,997	+3.2%	0.83%	+12.8%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,598,000	-6.7%	11,016	-1.1%	0.83%	-10.4%
RTN	Buy	RAYTHEON CO	$1,546,000	+22.8%	8,284	+6.3%	0.80%	+18.0%
CLX	Buy	CLOROX CO DEL	$1,474,000	0.0%	11,175	+1.0%	0.76%	-3.9%
KMB	Sell	KIMBERLY CLARK CORP	$1,386,000	-9.6%	11,778	-0.8%	0.72%	-13.3%
WTR	Buy	AQUA AMERICA INC	$1,386,000	-0.1%	41,745	+0.2%	0.72%	-4.1%
MCD	Sell	MCDONALDS CORP	$1,336,000	-0.8%	8,530	-3.0%	0.69%	-4.8%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$1,286,000	+5.5%	15,893	+1.6%	0.66%	+1.2%
GIS	Sell	GENERAL MLS INC	$1,229,000	-9.6%	23,740	-3.3%	0.64%	-13.2%
CSCO	Buy	CISCO SYS INC	$1,145,000	+26.5%	34,051	+17.8%	0.59%	+21.3%
DOV	Sell	DOVER CORP	$1,055,000	+12.5%	11,545	-1.3%	0.55%	+8.1%
DIS	Buy	DISNEY WALT CO	$1,022,000	-6.8%	10,372	+0.4%	0.53%	-10.5%
RDSA	Buy	ROYAL DUTCH SHELL PLCspons adr a	$983,000	+23.0%	16,234	+8.1%	0.51%	+18.1%
SLB	Buy	SCHLUMBERGER LTD	$924,000	+9.0%	13,251	+2.8%	0.48%	+4.6%
WMT	Sell	WAL-MART STORES INC	$902,000	+2.5%	11,549	-0.6%	0.47%	-1.5%
XYL	Buy	XYLEM INC	$873,000	+13.8%	13,946	+0.7%	0.45%	+9.4%
PNC	Sell	PNC FINL SVCS GROUP INC	$844,000	-4.2%	6,261	-11.3%	0.44%	-8.0%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$822,000	+2.5%	12,796	-4.5%	0.42%	-1.6%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$788,000	+10.7%	6,558	+1.9%	0.41%	+6.2%
EMR	Sell	EMERSON ELEC CO	$774,000	+3.2%	12,310	-2.2%	0.40%	-1.0%
MON	Sell	MONSANTO CO NEW	$768,000	-6.0%	6,406	-7.2%	0.40%	-9.8%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$759,000	+3.1%	4,140	-4.8%	0.39%	-1.0%
SCG	Sell	SCANA CORP NEW	$736,000	-28.1%	15,185	-0.7%	0.38%	-31.0%
HRS	Sell	HARRIS CORP DEL	$734,000	+20.1%	5,577	-0.4%	0.38%	+15.5%
AMGN	Buy	AMGEN INC	$731,000	+9.8%	3,922	+1.4%	0.38%	+5.3%
SBUX	Buy	STARBUCKS CORP	$704,000	+10.0%	13,106	+19.5%	0.36%	+5.5%
INTC	Sell	INTEL CORP	$694,000	+12.1%	18,215	-0.8%	0.36%	+7.5%
K	Sell	KELLOGG CO	$692,000	-15.6%	11,100	-6.0%	0.36%	-19.0%
DUK	Buy	DUKE ENERGY CORP NEW	$660,000	+10.9%	7,870	+10.5%	0.34%	+6.2%
GGG	Sell	GRACO INC	$622,000	+10.5%	5,025	-2.4%	0.32%	+6.3%
POT	Sell	POTASH CORP SASK INC	$576,000	+14.5%	29,932	-2.9%	0.30%	+10.0%
SHPG	Sell	SHIRE PLCsponsored adr	$573,000	-11.4%	3,739	-4.5%	0.30%	-15.2%
CMCSA	Sell	COMCAST CORP NEWcl a	$525,000	-5.4%	13,638	-4.3%	0.27%	-9.0%
GOOG	Buy	ALPHABET INCcap stk cl c	$522,000	+38.5%	544	+31.1%	0.27%	+33.0%
MRO	Sell	MARATHON OIL CORP	$500,000	+10.6%	36,896	-3.2%	0.26%	+6.1%
AXP	Sell	AMERICAN EXPRESS CO	$436,000	+1.9%	4,825	-5.0%	0.23%	-2.2%
EPD	Buy	ENTERPRISE PRODS PARTNERS L	$419,000	+17.7%	16,053	+22.0%	0.22%	+13.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$406,000	+3.6%	417	-1.2%	0.21%	-0.5%
ETP	Buy	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$392,000	+4.8%	21,456	+17.1%	0.20%	+0.5%
NVS	Sell	NOVARTIS A Gsponsored adr	$373,000	+0.5%	4,350	-2.2%	0.19%	-3.5%
ZTS	Buy	ZOETIS INCcl a	$344,000	+6.2%	5,400	+3.8%	0.18%	+1.7%
NGG	Buy	NATIONAL GRID PLCsponsored adr ne	$326,000	+37.6%	5,204	+37.8%	0.17%	+32.0%
GD	Buy	GENERAL DYNAMICS CORP	$320,000	+11.1%	1,555	+6.9%	0.17%	+7.1%
CAT	Buy	CATERPILLAR INC DEL	$300,000	+16.3%	2,403	+0.3%	0.16%	+11.5%
TJX	Buy	TJX COS INC NEW	$295,000	+17.5%	3,996	+14.7%	0.15%	+13.3%
PF	New	PINNACLE FOODS INC DEL	$294,000	–	5,135	–	0.15%	–
TWX	Sell	TIME WARNER INC	$290,000	-4.9%	2,835	-6.6%	0.15%	-8.5%
BPL	Buy	BUCKEYE PARTNERS L Punit ltd partn	$285,000	+11.3%	5,000	+25.0%	0.15%	+6.5%
NOC	Buy	NORTHROP GRUMMAN CORP	$268,000	+18.1%	933	+5.7%	0.14%	+13.9%
YUM	Sell	YUM BRANDS INC	$260,000	-29.9%	3,530	-29.8%	0.14%	-32.5%
MUR	Sell	MURPHY OIL CORP	$249,000	+2.5%	9,390	-1.1%	0.13%	-1.5%
KMI	Sell	KINDER MORGAN INC DEL	$242,000	-1.2%	12,607	-1.6%	0.12%	-5.3%
GSK	Sell	GLAXOSMITHKLINE PLCsponsored adr	$237,000	-15.4%	5,846	-10.1%	0.12%	-18.5%
SO	Sell	SOUTHERN CO	$220,000	-4.8%	4,479	-7.0%	0.11%	-8.1%
SRE	Buy	SEMPRA ENERGY	$217,000	+6.9%	1,900	+5.6%	0.11%	+2.8%
TRGP	New	TARGA RES CORP	$214,000	–	4,533	–	0.11%	–
SNY	New	SANOFIsponsored adr	$214,000	–	4,300	–	0.11%	–
VVV	Sell	VALVOLINE INC	$212,000	-6.6%	9,024	-5.7%	0.11%	-9.8%
MUSA	Sell	MURPHY USA INC	$210,000	-20.8%	3,050	-14.7%	0.11%	-23.8%
ITW	New	ILLINOIS TOOL WKS INC	$207,000	–	1,396	–	0.11%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$0	–	-6,765	–	-0.12%	–
CCP	Exit	CARE CAP PPTYS INC	$0	–	-9,652	–	-0.14%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-12,281	–	-0.53%	–
DOW	Exit	DOW CHEM CO	$0	–	-37,946	–	-1.29%	–

Q2 2017

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$7,157,000	–	88,657	–	3.86%	–
PG	New	PROCTER AND GAMBLE CO	$6,301,000	–	72,299	–	3.40%	–
PEP	New	PEPSICO INC	$5,751,000	–	49,797	–	3.10%	–
CVX	New	CHEVRON CORP NEW	$5,232,000	–	50,147	–	2.82%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,751,000	–	85,270	–	2.56%	–
MSFT	New	MICROSOFT CORP	$4,707,000	–	68,284	–	2.54%	–
JNJ	New	JOHNSON & JOHNSON	$4,608,000	–	34,829	–	2.48%	–
PFE	New	PFIZER INC	$4,563,000	–	135,838	–	2.46%	–
KO	New	COCA COLA CO	$4,433,000	–	98,846	–	2.39%	–
PM	New	PHILIP MORRIS INTL INC	$4,299,000	–	36,605	–	2.32%	–
T	New	AT&T INC	$4,212,000	–	111,630	–	2.27%	–
MRK	New	MERCK & CO INC	$4,064,000	–	63,409	–	2.19%	–
GE	New	GENERAL ELECTRIC CO	$3,943,000	–	145,983	–	2.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,871,000	–	86,677	–	2.09%	–
LLY	New	LILLY ELI & CO	$3,718,000	–	45,182	–	2.00%	–
MO	New	ALTRIA GROUP INC	$3,652,000	–	49,045	–	1.97%	–
PPL	New	PPL CORP	$3,473,000	–	89,845	–	1.87%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,297,000	–	76,345	–	1.78%	–
USB	New	US BANCORP DEL	$3,176,000	–	61,164	–	1.71%	–
ABBV	New	ABBVIE INC	$3,166,000	–	43,665	–	1.71%	–
AAPL	New	APPLE INC	$3,066,000	–	21,289	–	1.65%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$2,889,000	–	36,886	–	1.56%	–
KHC	New	KRAFT HEINZ CO	$2,670,000	–	31,178	–	1.44%	–
HD	New	HOME DEPOT INC	$2,664,000	–	17,364	–	1.44%	–
MPC	New	MARATHON PETE CORP	$2,453,000	–	46,871	–	1.32%	–
MMM	New	3M CO	$2,452,000	–	11,778	–	1.32%	–
ABT	New	ABBOTT LABS	$2,432,000	–	50,029	–	1.31%	–
JPM	New	JPMORGAN CHASE & CO	$2,426,000	–	26,541	–	1.31%	–
DOW	New	DOW CHEM CO	$2,393,000	–	37,946	–	1.29%	–
HSY	New	HERSHEY CO	$2,154,000	–	20,066	–	1.16%	–
ENB	New	ENBRIDGE INC	$2,139,000	–	53,725	–	1.15%	–
BFA	New	BROWN FORMAN CORPcl a	$2,056,000	–	41,704	–	1.11%	–
CSX	New	CSX CORP	$2,007,000	–	36,792	–	1.08%	–
BFB	New	BROWN FORMAN CORPcl b	$1,955,000	–	40,232	–	1.05%	–
HON	New	HONEYWELL INTL INC	$1,924,000	–	14,433	–	1.04%	–
VOD	New	VODAFONE GROUP PLC NEWsponsored adr	$1,884,000	–	65,570	–	1.02%	–
NEE	New	NEXTERA ENERGY INC	$1,763,000	–	12,582	–	0.95%	–
VTR	New	VENTAS INC	$1,731,000	–	24,919	–	0.93%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,713,000	–	11,136	–	0.92%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$1,711,000	–	50,204	–	0.92%	–
PSX	New	PHILLIPS 66	$1,632,000	–	19,736	–	0.88%	–
V	New	VISA INC	$1,567,000	–	16,704	–	0.84%	–
KMB	New	KIMBERLY CLARK CORP	$1,534,000	–	11,878	–	0.83%	–
CLX	New	CLOROX CO DEL	$1,474,000	–	11,061	–	0.79%	–
WTR	New	AQUA AMERICA INC	$1,388,000	–	41,673	–	0.75%	–
COP	New	CONOCOPHILLIPS	$1,363,000	–	30,995	–	0.73%	–
GIS	New	GENERAL MLS INC	$1,360,000	–	24,540	–	0.73%	–
MCD	New	MCDONALDS CORP	$1,347,000	–	8,795	–	0.73%	–
BAX	New	BAXTER INTL INC	$1,290,000	–	21,307	–	0.70%	–
RTN	New	RAYTHEON CO	$1,259,000	–	7,794	–	0.68%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,219,000	–	15,642	–	0.66%	–
DIS	New	DISNEY WALT CO	$1,097,000	–	10,328	–	0.59%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$1,035,000	–	14,527	–	0.56%	–
SCG	New	SCANA CORP NEW	$1,024,000	–	15,285	–	0.55%	–
DD	New	DU PONT E I DE NEMOURS & CO	$991,000	–	12,281	–	0.53%	–
IP	New	INTL PAPER CO	$964,000	–	17,029	–	0.52%	–
DOV	New	DOVER CORP	$938,000	–	11,695	–	0.50%	–
CAG	New	CONAGRA BRANDS INC	$936,000	–	26,175	–	0.50%	–
TGT	New	TARGET CORP	$915,000	–	17,492	–	0.49%	–
CSCO	New	CISCO SYS INC	$905,000	–	28,911	–	0.49%	–
PNC	New	PNC FINL SVCS GROUP INC	$881,000	–	7,056	–	0.48%	–
WMT	New	WAL-MART STORES INC	$880,000	–	11,623	–	0.47%	–
SLB	New	SCHLUMBERGER LTD	$848,000	–	12,886	–	0.46%	–
K	New	KELLOGG CO	$820,000	–	11,810	–	0.44%	–
MON	New	MONSANTO CO NEW	$817,000	–	6,906	–	0.44%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$802,000	–	13,399	–	0.43%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$799,000	–	15,019	–	0.43%	–
CL	New	COLGATE PALMOLIVE CO	$795,000	–	10,727	–	0.43%	–
XYL	New	XYLEM INC	$767,000	–	13,846	–	0.41%	–
EMR	New	EMERSON ELEC CO	$750,000	–	12,585	–	0.40%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$736,000	–	4,348	–	0.40%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$712,000	–	6,438	–	0.38%	–
AMGN	New	AMGEN INC	$666,000	–	3,867	–	0.36%	–
SHPG	New	SHIRE PLCsponsored adr	$647,000	–	3,916	–	0.35%	–
SBUX	New	STARBUCKS CORP	$640,000	–	10,971	–	0.34%	–
INTC	New	INTEL CORP	$619,000	–	18,357	–	0.33%	–
HRS	New	HARRIS CORP DEL	$611,000	–	5,597	–	0.33%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$607,000	–	5,925	–	0.33%	–
DUK	New	DUKE ENERGY CORP NEW	$595,000	–	7,120	–	0.32%	–
GGG	New	GRACO INC	$563,000	–	5,150	–	0.30%	–
VFC	New	V F CORP	$560,000	–	9,721	–	0.30%	–
CMCSA	New	COMCAST CORP NEWcl a	$555,000	–	14,251	–	0.30%	–
WY	New	WEYERHAEUSER CO	$511,000	–	15,263	–	0.28%	–
POT	New	POTASH CORP SASK INC	$503,000	–	30,832	–	0.27%	–
APD	New	AIR PRODS & CHEMS INC	$466,000	–	3,255	–	0.25%	–
MRO	New	MARATHON OIL CORP	$452,000	–	38,129	–	0.24%	–
	New	INVESTMENT CO AMER	$444,000	–	11,408	–	0.24%	–
UL	New	UNILEVER PLCspon adr new	$438,000	–	8,100	–	0.24%	–
AXP	New	AMERICAN EXPRESS CO	$428,000	–	5,077	–	0.23%	–
GOOGL	New	ALPHABET INCcap stk cl a	$392,000	–	422	–	0.21%	–
GOOG	New	ALPHABET INCcap stk cl c	$377,000	–	415	–	0.20%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$374,000	–	18,324	–	0.20%	–
YUM	New	YUM BRANDS INC	$371,000	–	5,030	–	0.20%	–
NVS	New	NOVARTIS A Gsponsored adr	$371,000	–	4,450	–	0.20%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$356,000	–	13,153	–	0.19%	–
CPB	New	CAMPBELL SOUP CO	$354,000	–	6,780	–	0.19%	–
BA	New	BOEING CO	$353,000	–	1,786	–	0.19%	–
UTX	New	UNITED TECHNOLOGIES CORP	$332,000	–	2,715	–	0.18%	–
ZTS	New	ZOETIS INCcl a	$324,000	–	5,200	–	0.18%	–
ALL	New	ALLSTATE CORP	$321,000	–	3,628	–	0.17%	–
TWX	New	TIME WARNER INC	$305,000	–	3,035	–	0.16%	–
GD	New	GENERAL DYNAMICS CORP	$288,000	–	1,455	–	0.16%	–
SYK	New	STRYKER CORP	$283,000	–	2,040	–	0.15%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$280,000	–	6,501	–	0.15%	–
MUSA	New	MURPHY USA INC	$265,000	–	3,575	–	0.14%	–
CCP	New	CARE CAP PPTYS INC	$258,000	–	9,652	–	0.14%	–
CAT	New	CATERPILLAR INC DEL	$258,000	–	2,397	–	0.14%	–
BPL	New	BUCKEYE PARTNERS L Punit ltd partn	$256,000	–	4,000	–	0.14%	–
TJX	New	TJX COS INC NEW	$251,000	–	3,483	–	0.14%	–
DDAIF	New	DAIMLER AG	$249,000	–	3,438	–	0.13%	–
KMI	New	KINDER MORGAN INC DEL	$245,000	–	12,807	–	0.13%	–
MUR	New	MURPHY OIL CORP	$243,000	–	9,490	–	0.13%	–
NGG	New	NATIONAL GRID PLCsponsored adr ne	$237,000	–	3,777	–	0.13%	–
ASH	New	ASHLAND GLOBAL HLDGS INC	$230,000	–	3,489	–	0.12%	–
SO	New	SOUTHERN CO	$231,000	–	4,816	–	0.12%	–
VVV	New	VALVOLINE INC	$227,000	–	9,573	–	0.12%	–
NOC	New	NORTHROP GRUMMAN CORP	$227,000	–	883	–	0.12%	–
ANTM	New	ANTHEM INC	$226,000	–	1,200	–	0.12%	–
TR	New	TOOTSIE ROLL INDS INC	$225,000	–	6,470	–	0.12%	–
TEVA	New	TEVA PHARMACEUTICAL INDS LTDsponsored adr	$225,000	–	6,765	–	0.12%	–
CI	New	CIGNA CORPORATION	$218,000	–	1,302	–	0.12%	–
CABO	New	CABLE ONE INC	$213,000	–	300	–	0.12%	–
SRE	New	SEMPRA ENERGY	$203,000	–	1,800	–	0.11%	–
	New	TRAVELCENTERS OF AMERICA	$0	–	30,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	TRAVELCENTERS OF AMERICA	$0	–	-30,000	–	0.00%	–
	Exit	WELLS FARGO FDSwf diversfied a	$0	–	-10,775	–	-0.06%	–
ZBH	Exit	ZIMMER BIOMET HLDGS INC	$0	–	-1,553	–	-0.11%	–
TRV	Exit	TRAVELERS COMPANIES INC	$0	–	-1,775	–	-0.11%	–
BPL	Exit	BUCKEYE PARTNERS L Punit ltd partn	$0	–	-3,000	–	-0.12%	–
TRGP	Exit	TARGA RES CORP	$0	–	-4,419	–	-0.12%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,013	–	-0.12%	–
	Exit	WASHINGTON MUT INVS FD INC	$0	–	-5,402	–	-0.12%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-5,775	–	-0.13%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-6,291	–	-0.13%	–
SYK	Exit	STRYKER CORP	$0	–	-2,040	–	-0.13%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,555	–	-0.14%	–
MUSA	Exit	MURPHY USA INC	$0	–	-3,465	–	-0.14%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,506	–	-0.14%	–
BA	Exit	BOEING CO	$0	–	-1,886	–	-0.14%	–
SO	Exit	SOUTHERN CO	$0	–	-4,853	–	-0.14%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-321	–	-0.14%	–
ALL	Exit	ALLSTATE CORP	$0	–	-3,755	–	-0.15%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,928	–	-0.15%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-2,665	–	-0.15%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-5,225	–	-0.15%	–
TWX	Exit	TIME WARNER INC	$0	–	-3,861	–	-0.17%	–
NGG	Exit	NATIONAL GRID PLCspon adr new	$0	–	-4,335	–	-0.17%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-397	–	-0.17%	–
TEVA	Exit	TEVA PHARMACEUTICAL INDS LTDadr	$0	–	-6,965	–	-0.18%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-13,959	–	-0.18%	–
CCP	Exit	CARE CAP PPTYS INC	$0	–	-11,688	–	-0.19%	–
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-7,887	–	-0.19%	–
EPD	Exit	ENTERPRISE PRODS PARTNERS L	$0	–	-13,153	–	-0.20%	–
ETP	Exit	ENERGY TRANSFER PRTNRS L Punit ltd partn	$0	–	-9,800	–	-0.20%	–
GGG	Exit	GRACO INC	$0	–	-5,150	–	-0.21%	–
UL	Exit	UNILEVER PLCspon adr new	$0	–	-8,100	–	-0.22%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-6,180	–	-0.22%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-7,280	–	-0.22%	–
ASH	Exit	ASHLAND GLOBAL HLDGS INC	$0	–	-3,489	–	-0.23%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-5,350	–	-0.24%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-6,512	–	-0.24%	–
VAL	Exit	VALSPAR CORP	$0	–	-4,085	–	-0.24%	–
VFC	Exit	V F CORP	$0	–	-7,870	–	-0.25%	–
YUM	Exit	YUM BRANDS INC	$0	–	-4,974	–	-0.25%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-8,435	–	-0.26%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-15,112	–	-0.26%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-9,182	–	-0.26%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-15,263	–	-0.27%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-3,325	–	-0.28%	–
HRS	Exit	HARRIS CORP DEL	$0	–	-5,502	–	-0.28%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-32,265	–	-0.30%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-6,200	–	-0.31%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-6,886	–	-0.35%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-4,295	–	-0.35%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-7,900	–	-0.35%	–
AMGN	Exit	AMGEN INC	$0	–	-3,867	–	-0.36%	–
	Exit	INVESTMENT CO AMER	$0	–	-17,911	–	-0.37%	–
XYL	Exit	XYLEM INC	$0	–	-12,890	–	-0.38%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-6,263	–	-0.38%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-44,959	–	-0.40%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-13,122	–	-0.40%	–
INTC	Exit	INTEL CORP	$0	–	-20,228	–	-0.43%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-10,967	–	-0.46%	–
RTN	Exit	RAYTHEON CO	$0	–	-6,235	–	-0.48%	–
CSCO	Exit	CISCO SYS INC	$0	–	-27,011	–	-0.48%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-13,373	–	-0.50%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-4,640	–	-0.50%	–
IP	Exit	INTL PAPER CO	$0	–	-19,079	–	-0.51%	–
K	Exit	KELLOGG CO	$0	–	-12,010	–	-0.52%	–
DIS	Exit	DISNEY WALT CO	$0	–	-10,067	–	-0.52%	–
MCD	Exit	MCDONALDS CORP	$0	–	-8,428	–	-0.54%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-12,461	–	-0.55%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-13,826	–	-0.56%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-13,816	–	-0.56%	–
DOV	Exit	DOVER CORP	$0	–	-13,795	–	-0.57%	–
MMP	Exit	MAGELLAN MIDSTREAM PRTNRS LP	$0	–	-14,527	–	-0.58%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-8,871	–	-0.58%	–
BAX	Exit	BAXTER INTL INC	$0	–	-23,398	–	-0.62%	–
SCG	Exit	SCANA CORP NEW	$0	–	-15,685	–	-0.64%	–
	Exit	FIRST FARMERS BANK HLDG CO	$0	–	-32,693	–	-0.64%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-38,152	–	-0.65%	–
CSX	Exit	CSX CORP	$0	–	-38,863	–	-0.66%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-16,000	–	-0.67%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-26,450	–	-0.70%	–
V	Exit	VISA INC	$0	–	-16,839	–	-0.78%	–
CLX	Exit	CLOROX CO DEL	$0	–	-11,811	–	-0.83%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-12,247	–	-0.84%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-12,098	–	-0.86%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-35,153	–	-0.86%	–
GIS	Exit	GENERAL MLS INC	$0	–	-24,416	–	-0.88%	–
VTR	Exit	VENTAS INC	$0	–	-22,724	–	-0.90%	–
TGT	Exit	TARGET CORP	$0	–	-23,572	–	-0.91%	–
PSX	Exit	PHILLIPS 66	$0	–	-20,919	–	-0.94%	–
DOW	Exit	DOW CHEM CO	$0	–	-33,664	–	-0.98%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-53,804	–	-0.99%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-12,090	–	-1.08%	–
VOD	Exit	VODAFONE GROUP PLC NEWspnsr adr	$0	–	-66,028	–	-1.08%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-28,993	–	-1.08%	–
BFB	Exit	BROWN FORMAN CORPcl b	$0	–	-42,574	–	-1.13%	–
ABT	Exit	ABBOTT LABS	$0	–	-48,066	–	-1.14%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-50,261	–	-1.14%	–
HSY	Exit	HERSHEY CO	$0	–	-21,424	–	-1.15%	–
BFA	Exit	BROWN FORMAN CORPcl a	$0	–	-43,394	–	-1.21%	–
MMM	Exit	3M CO	$0	–	-12,714	–	-1.26%	–
HD	Exit	HOME DEPOT INC	$0	–	-17,889	–	-1.29%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-57,358	–	-1.38%	–
AAPL	Exit	APPLE INC	$0	–	-21,861	–	-1.38%	–
USB	Exit	US BANCORP DEL	$0	–	-61,789	–	-1.49%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-31,030	–	-1.56%	–
ABBV	Exit	ABBVIE INC	$0	–	-45,099	–	-1.59%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-68,562	–	-1.69%	–
PPL	Exit	PPL CORP	$0	–	-88,023	–	-1.71%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-48,308	–	-1.71%	–
WBA	Exit	WALGREENS BOOTS ALLIANCE INC	$0	–	-38,012	–	-1.72%	–
KO	Exit	COCA COLA CO	$0	–	-73,772	–	-1.75%	–
LLY	Exit	LILLY ELI & CO	$0	–	-42,230	–	-1.90%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-37,629	–	-2.05%	–
MRK	Exit	MERCK & CO INC	$0	–	-64,628	–	-2.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,380	–	-2.28%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-73,628	–	-2.38%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-79,433	–	-2.40%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-82,777	–	-2.41%	–
T	Exit	AT&T INC	$0	–	-107,545	–	-2.45%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-150,674	–	-2.50%	–
PFE	Exit	PFIZER INC	$0	–	-141,117	–	-2.68%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-51,899	–	-2.99%	–
PEP	Exit	PEPSICO INC	$0	–	-50,506	–	-3.08%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-73,433	–	-3.70%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-93,087	–	-4.56%	–

Q3 2016

			Value		Shares		↓ Weighting
XOM	Sell	EXXON MOBIL CORP	$8,125,000	-8.2%	93,087	-1.4%	4.56%	-7.5%
PG	Buy	PROCTER AND GAMBLE CO	$6,591,000	+7.2%	73,433	+1.1%	3.70%	+8.1%
PEP	Sell	PEPSICO INC	$5,494,000	+2.4%	50,506	-0.3%	3.08%	+3.3%
CVX	Buy	CHEVRON CORP NEW	$5,341,000	+0.2%	51,899	+2.1%	2.99%	+1.0%
PFE	Sell	PFIZER INC	$4,780,000	-4.7%	141,117	-0.9%	2.68%	-3.9%
GE	Buy	GENERAL ELECTRIC CO	$4,463,000	-4.3%	150,674	+1.7%	2.50%	-3.5%
T	Sell	AT&T INC	$4,367,000	-7.5%	107,545	-1.6%	2.45%	-6.7%
VZ	Sell	VERIZON COMMUNICATIONS INC	$4,303,000	-7.5%	82,777	-0.6%	2.41%	-6.7%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$4,283,000	-26.2%	79,433	+0.7%	2.40%	-25.6%
MSFT	Buy	MICROSOFT CORP	$4,241,000	+19.6%	73,628	+6.3%	2.38%	+20.6%
JNJ	Sell	JOHNSON & JOHNSON	$4,061,000	-3.9%	34,380	-1.4%	2.28%	-3.1%
MRK	Sell	MERCK & CO INC	$4,033,000	+8.2%	64,628	-0.2%	2.26%	+9.1%
PM	Sell	PHILIP MORRIS INTL INC	$3,658,000	-6.1%	37,629	-1.7%	2.05%	-5.3%
LLY	Buy	LILLY ELI & CO	$3,389,000	+5.7%	42,230	+3.7%	1.90%	+6.6%
KO	Buy	COCA COLA CO	$3,122,000	-6.6%	73,772	+0.0%	1.75%	-5.9%
WBA	Buy	WALGREENS BOOTS ALLIANCE INC	$3,065,000	-0.8%	38,012	+2.4%	1.72%	0.0%
MO	Sell	ALTRIA GROUP INC	$3,055,000	-9.6%	48,308	-1.4%	1.71%	-8.8%
PPL	Sell	PPL CORP	$3,043,000	-8.9%	88,023	-0.6%	1.71%	-8.2%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,010,000	+1.0%	68,562	+4.7%	1.69%	+1.9%
ABBV	Buy	ABBVIE INC	$2,844,000	+2.4%	45,099	+0.6%	1.59%	+3.3%
KHC	Buy	KRAFT HEINZ CO	$2,777,000	+2.1%	31,030	+0.9%	1.56%	+2.9%
USB	Sell	US BANCORP DEL	$2,650,000	+6.2%	61,789	-0.2%	1.49%	+7.1%
AAPL	New	APPLE INC	$2,471,000	–	21,861	–	1.38%	–
SE	Sell	SPECTRA ENERGY CORP	$2,452,000	+13.0%	57,358	-3.1%	1.38%	+14.0%
HD	Sell	HOME DEPOT INC	$2,302,000	-0.9%	17,889	-1.6%	1.29%	-0.1%
MMM	Sell	3M CO	$2,241,000	-4.1%	12,714	-4.7%	1.26%	-3.4%
BFA	Buy	BROWN FORMAN CORPcl a	$2,159,000	-3.4%	43,394	+109.9%	1.21%	-2.6%
HSY	Sell	HERSHEY CO	$2,048,000	-21.2%	21,424	-6.4%	1.15%	-20.5%
MPC	Buy	MARATHON PETE CORP	$2,040,000	+13.3%	50,261	+5.9%	1.14%	+14.3%
ABT	New	ABBOTT LABS	$2,033,000	–	48,066	–	1.14%	–
BFB	Buy	BROWN FORMAN CORPcl b	$2,020,000	-5.8%	42,574	+98.1%	1.13%	-5.0%
JPM	Buy	JPMORGAN CHASE & CO	$1,931,000	+21.3%	28,993	+13.2%	1.08%	+22.4%
VOD	Sell	VODAFONE GROUP PLC NEWspnsr adr	$1,925,000	-8.4%	66,028	-2.9%	1.08%	-7.6%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$1,920,000	-0.7%	12,090	-5.1%	1.08%	+0.1%
AZN	New	ASTRAZENECA PLCsponsored adr	$1,768,000	–	53,804	–	0.99%	–
DOW	Buy	DOW CHEM CO	$1,745,000	+7.7%	33,664	+3.3%	0.98%	+8.5%
TGT	Buy	TARGET CORP	$1,619,000	-1.3%	23,572	+0.3%	0.91%	-0.4%
VTR	Buy	VENTAS INC	$1,605,000	-1.5%	22,724	+1.6%	0.90%	-0.7%
GIS	Sell	GENERAL MLS INC	$1,560,000	-10.8%	24,416	-0.4%	0.88%	-10.0%
COP	Sell	CONOCOPHILLIPS	$1,528,000	-4.4%	35,153	-4.2%	0.86%	-3.6%
KMB	Sell	KIMBERLY CLARK CORP	$1,526,000	-9.0%	12,098	-0.8%	0.86%	-8.2%
NEE	Sell	NEXTERA ENERGY INC	$1,498,000	-7.4%	12,247	-1.2%	0.84%	-6.6%
CLX	Buy	CLOROX CO DEL	$1,479,000	-8.8%	11,811	+0.9%	0.83%	-8.0%
V	Buy	VISA INC	$1,393,000	+13.9%	16,839	+2.1%	0.78%	+14.9%
CAG	Buy	CONAGRA FOODS INC	$1,246,000	+1.9%	26,450	+3.4%	0.70%	+2.8%
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,197,000	–	16,000	–	0.67%	–
CSX	Buy	CSX CORP	$1,185,000	+31.2%	38,863	+12.3%	0.66%	+32.3%
WTR	Buy	AQUA AMERICA INC	$1,163,000	-14.5%	38,152	+0.0%	0.65%	-13.8%
	Buy	FIRST FARMERS BANK HLDG CO	$1,149,000	+16.8%	32,693	+16.4%	0.64%	+17.7%
SCG	Sell	SCANA CORP NEW	$1,135,000	-5.7%	15,685	-1.4%	0.64%	-4.9%
BAX	New	BAXTER INTL INC	$1,114,000	–	23,398	–	0.62%	–
HON	Sell	HONEYWELL INTL INC	$1,034,000	-1.2%	8,871	-1.5%	0.58%	-0.3%
DOV	Sell	DOVER CORP	$1,016,000	+3.3%	13,795	-2.8%	0.57%	+4.2%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$1,007,000	-5.3%	13,816	-1.8%	0.56%	-4.4%
WMT	Sell	WAL-MART STORES INC	$997,000	-5.0%	13,826	-3.8%	0.56%	-4.3%
SLB	Buy	SCHLUMBERGER LTD	$980,000	+0.1%	12,461	+0.6%	0.55%	+0.9%
MCD	Buy	MCDONALDS CORP	$972,000	-0.6%	8,428	+3.7%	0.54%	+0.2%
DIS	Buy	DISNEY WALT CO	$935,000	-1.7%	10,067	+3.6%	0.52%	-0.9%
K	Sell	KELLOGG CO	$930,000	-6.7%	12,010	-1.6%	0.52%	-6.0%
IP	Sell	INTL PAPER CO	$915,000	+8.3%	19,079	-4.3%	0.51%	+9.1%
SHPG	Sell	SHIRE PLCsponsored adr	$900,000	-2.8%	4,640	-7.8%	0.50%	-1.9%
DD	Sell	DU PONT E I DE NEMOURS & CO	$896,000	+3.2%	13,373	-0.1%	0.50%	+3.9%
CSCO	Buy	CISCO SYS INC	$857,000	+11.6%	27,011	+0.9%	0.48%	+12.4%
RTN	Sell	RAYTHEON CO	$849,000	-4.8%	6,235	-5.0%	0.48%	-4.0%
CL	Sell	COLGATE PALMOLIVE CO	$813,000	-12.8%	10,967	-13.9%	0.46%	-12.0%
INTC	Buy	INTEL CORP	$764,000	+16.3%	20,228	+1.0%	0.43%	+17.3%
EMR	Sell	EMERSON ELEC CO	$715,000	-0.7%	13,122	-5.0%	0.40%	+0.2%
MRO	Buy	MARATHON OIL CORP	$711,000	+11.8%	44,959	+6.1%	0.40%	+12.7%
XYL	Sell	XYLEM INC	$676,000	+16.6%	12,890	-0.8%	0.38%	+17.7%
	Sell	INVESTMENT CO AMER	$656,000	+2.0%	17,911	-1.2%	0.37%	+3.1%
AMGN	New	AMGEN INC	$645,000	–	3,867	–	0.36%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$620,000	–	4,295	–	0.35%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$547,000	–	6,200	–	0.31%	–
HRS	Buy	HARRIS CORP DEL	$504,000	+106.6%	5,502	+88.4%	0.28%	+108.1%
APD	New	AIR PRODS & CHEMS INC	$500,000	–	3,325	–	0.28%	–
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$460,000	-14.0%	9,182	-5.2%	0.26%	-13.1%
MUR	Buy	MURPHY OIL CORP	$459,000	+7.0%	15,112	+11.7%	0.26%	+7.5%
SBUX	Buy	STARBUCKS CORP	$457,000	+1.3%	8,435	+6.8%	0.26%	+2.0%
VFC	Buy	V F CORP	$441,000	-7.7%	7,870	+1.3%	0.25%	-7.1%
NVS	Buy	NOVARTIS A Gsponsored adr	$422,000	-2.5%	5,350	+1.9%	0.24%	-1.7%
ASH	New	ASHLAND GLOBAL HLDGS INC	$405,000	–	3,489	–	0.23%	–
AXP	New	AMERICAN EXPRESS CO	$396,000	–	6,180	–	0.22%	–
GGG	Sell	GRACO INC	$381,000	-8.2%	5,150	-1.9%	0.21%	-7.4%
ETP	Sell	ENERGY TRANSFER PRTNRS L Punit ltd partn	$363,000	-6.0%	9,800	-3.3%	0.20%	-5.1%
GSK	Buy	GLAXOSMITHKLINE PLCsponsored adr	$340,000	+1.8%	7,887	+2.5%	0.19%	+2.7%
CCP	Sell	CARE CAP PPTYS INC	$333,000	-4.3%	11,688	-12.0%	0.19%	-3.1%
KMI	Sell	KINDER MORGAN INC DEL	$323,000	+21.9%	13,959	-1.6%	0.18%	+23.1%
TEVA	New	TEVA PHARMACEUTICAL INDS LTDadr	$320,000	–	6,965	–	0.18%	–
TWX	Sell	TIME WARNER INC	$307,000	+6.2%	3,861	-1.7%	0.17%	+6.8%
ALL	New	ALLSTATE CORP	$260,000	–	3,755	–	0.15%	–
CAT	Sell	CATERPILLAR INC DEL	$260,000	-42.6%	2,928	-51.0%	0.15%	-42.1%
SO	Sell	SOUTHERN CO	$249,000	-6.4%	4,853	-2.0%	0.14%	-5.4%
BA	New	BOEING CO	$248,000	–	1,886	–	0.14%	–
MUSA	Buy	MURPHY USA INC	$247,000	-2.0%	3,465	+1.9%	0.14%	-1.4%
GD	New	GENERAL DYNAMICS CORP	$241,000	–	1,555	–	0.14%	–
TR	Sell	TOOTSIE ROLL INDS INC	$232,000	-12.5%	6,291	-8.6%	0.13%	-11.6%
NEM	Sell	NEWMONT MINING CORP	$227,000	-6.2%	5,775	-6.5%	0.13%	-5.9%
TRGP	New	TARGA RES CORP	$217,000	–	4,419	–	0.12%	–
TRV	New	TRAVELERS COMPANIES INC	$203,000	–	1,775	–	0.11%	–
ZBH	New	ZIMMER BIOMET HLDGS INC	$202,000	–	1,553	–	0.11%	–
	New	WELLS FARGO FDSwf diversfied a	$107,000	–	10,775	–	0.06%	–
SKT	Exit	TANGER FACTORY OUTLET CTRS I	$0	–	-5,000	–	-0.11%	–
SRE	Exit	SEMPRA ENERGY	$0	–	-1,800	–	-0.11%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-7,117	–	-0.12%	–
	Exit	BOEING CO	$0	–	-1,886	–	-0.14%	–
	Exit	ALLSTATE CORP	$0	–	-3,755	–	-0.15%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-5,425	–	-0.18%	–
	Exit	ASHLAND INC NEW	$0	–	-3,589	–	-0.23%	–
	Exit	AIR PRODS & CHEMS INC	$0	–	-3,125	–	-0.25%	–
	Exit	BERKSHIRE HATHAWAY INC DEL	$0	–	-3,895	–	-0.31%	–
	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-6,350	–	-0.32%	–
	Exit	AMGEN INC	$0	–	-4,017	–	-0.34%	–
	Exit	BAXTER INTL INC	$0	–	-25,248	–	-0.64%	–
	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-16,100	–	-0.76%	–
	Exit	ASTRAZENECA PLC	$0	–	-52,654	–	-0.88%	–
	Exit	ABBOTT LABS	$0	–	-45,639	–	-1.00%	–
	Exit	APPLE INC	$0	–	-22,051	–	-1.17%	–

Q2 2016

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$8,853,000	–	94,445	–	4.92%	–
PG	New	PROCTER & GAMBLE CO	$6,148,000	–	72,616	–	3.42%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$5,801,000	–	78,869	–	3.22%	–
PEP	New	PEPSICO INC	$5,366,000	–	50,653	–	2.98%	–
CVX	New	CHEVRON CORP NEW	$5,330,000	–	50,848	–	2.96%	–
PFE	New	PFIZER INC	$5,015,000	–	142,438	–	2.79%	–
T	New	AT&T INC	$4,722,000	–	109,274	–	2.62%	–
GE	New	GENERAL ELECTRIC CO	$4,665,000	–	148,197	–	2.59%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,650,000	–	83,269	–	2.58%	–
JNJ	New	JOHNSON & JOHNSON	$4,228,000	–	34,855	–	2.35%	–
PM	New	PHILIP MORRIS INTL INC	$3,895,000	–	38,287	–	2.17%	–
MRK	New	MERCK & CO INC	$3,729,000	–	64,726	–	2.07%	–
MSFT	New	MICROSOFT CORP	$3,545,000	–	69,283	–	1.97%	–
MO	New	ALTRIA GROUP INC	$3,379,000	–	48,998	–	1.88%	–
KO	New	COCA COLA CO	$3,344,000	–	73,761	–	1.86%	–
PPL	New	PPL CORP	$3,342,000	–	88,523	–	1.86%	–
LLY	New	LILLY ELI & CO	$3,207,000	–	40,730	–	1.78%	–
WBA	New	WALGREENS BOOTS ALLIANCE INC	$3,090,000	–	37,112	–	1.72%	–
MDLZ	New	MONDELEZ INTL INC	$2,981,000	–	65,501	–	1.66%	–
ABBV	New	ABBVIE INC	$2,776,000	–	44,839	–	1.54%	–
KHC	New	KRAFT HEINZ CO	$2,721,000	–	30,758	–	1.51%	–
HSY	New	1HERSHEY CO	$2,598,000	–	22,890	–	1.44%	–
USB	New	US BANCORP DEL	$2,496,000	–	61,889	–	1.39%	–
MMM	New	3M CO	$2,338,000	–	13,348	–	1.30%	–
HD	New	HOME DEPOT INC	$2,323,000	–	18,189	–	1.29%	–
BFA	New	BROWN FORMAN CORP	$2,234,000	–	20,677	–	1.24%	–
SE	New	SPECTRA ENERGY CORP	$2,169,000	–	59,208	–	1.21%	–
BFB	New	BROWN FORMAN CORP	$2,144,000	–	21,487	–	1.19%	–
	New	APPLE INC	$2,108,000	–	22,051	–	1.17%	–
VOD	New	VODAFONE GROUP PLC NEW	$2,101,000	–	68,025	–	1.17%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,933,000	–	12,735	–	1.08%	–
MPC	New	MARATHON PETE CORP	$1,801,000	–	47,452	–	1.00%	–
	New	ABBOTT LABS	$1,794,000	–	45,639	–	1.00%	–
GIS	New	GENERAL MLS INC	$1,748,000	–	24,516	–	0.97%	–
KMB	New	KIMBERLY CLARK CORP	$1,677,000	–	12,198	–	0.93%	–
PSX	New	PHILLIPS 66	$1,660,000	–	20,919	–	0.92%	–
TGT	New	TARGET CORP	$1,641,000	–	23,497	–	0.91%	–
VTR	New	VENTAS INC	$1,629,000	–	22,374	–	0.91%	–
DOW	New	DOW CHEM CO	$1,620,000	–	32,587	–	0.90%	–
CLX	New	CLOROX CO DEL	$1,621,000	–	11,711	–	0.90%	–
NEE	New	NEXTERA ENERGY INC	$1,617,000	–	12,397	–	0.90%	–
COP	New	CONOCOPHILLIPS	$1,599,000	–	36,682	–	0.89%	–
JPM	New	JPMORGAN CHASE & CO	$1,592,000	–	25,615	–	0.88%	–
	New	ASTRAZENECA PLC	$1,590,000	–	52,654	–	0.88%	–
	New	AMERICAN WTR WKS CO INC NEW	$1,361,000	–	16,100	–	0.76%	–
WTR	New	AQUA AMERICA INC	$1,360,000	–	38,151	–	0.76%	–
CAG	New	CONAGRA FOODS INC	$1,223,000	–	25,575	–	0.68%	–
V	New	VISA INC	$1,223,000	–	16,489	–	0.68%	–
SCG	New	SCANA CORP NEW	$1,204,000	–	15,910	–	0.67%	–
	New	BAXTER INTL INC	$1,142,000	–	25,248	–	0.64%	–
MMP	New	MAGELLAN MIDSTREAM PRTNRS LP	$1,104,000	–	14,527	–	0.61%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,063,000	–	14,066	–	0.59%	–
WMT	New	WAL-MART STORES INC	$1,050,000	–	14,376	–	0.58%	–
HON	New	HONEYWELL INTL INC	$1,047,000	–	9,004	–	0.58%	–
K	New	KELLOGG CO	$997,000	–	12,210	–	0.55%	–
DOV	New	DOVER CORP	$984,000	–	14,195	–	0.55%	–
	New	FIRST FARMERS BANK HLDG CO	$984,000	–	28,083	–	0.55%	–
MCD	New	MCDONALDS CORP	$978,000	–	8,128	–	0.54%	–
SLB	New	SCHLUMBERGER LTD	$979,000	–	12,386	–	0.54%	–
DIS	New	DISNEY WALT CO	$951,000	–	9,717	–	0.53%	–
CL	New	COLGATE PALMOLIVE CO	$932,000	–	12,731	–	0.52%	–
SHPG	New	SHIRE PLC	$926,000	–	5,030	–	0.52%	–
CSX	New	CSX CORP	$903,000	–	34,613	–	0.50%	–
RTN	New	RAYTHEON CO	$892,000	–	6,560	–	0.50%	–
DD	New	DU PONT E I DE NEMOURS & CO	$868,000	–	13,389	–	0.48%	–
IP	New	INTL PAPER CO	$845,000	–	19,929	–	0.47%	–
CSCO	New	CISCO SYS INC	$768,000	–	26,761	–	0.43%	–
EMR	New	EMERSON ELEC CO	$720,000	–	13,812	–	0.40%	–
DUK	New	DUKE ENERGY CORP NEW	$678,000	–	7,900	–	0.38%	–
UPS	New	UNITED PARCEL SERVICE INC	$675,000	–	6,263	–	0.38%	–
INTC	New	INTEL CORP	$657,000	–	20,025	–	0.36%	–
	New	INVESTMENT CO AMERmut	$643,000	–	18,136	–	0.36%	–
MRO	New	MARATHON OIL CORP	$636,000	–	42,371	–	0.35%	–
	New	AMGEN INC	$611,000	–	4,017	–	0.34%	–
	New	AUTOMATIC DATA PROCESSING IN	$583,000	–	6,350	–	0.32%	–
XYL	New	XYLEM INC	$580,000	–	12,990	–	0.32%	–
	New	BERKSHIRE HATHAWAY INC DEL	$564,000	–	3,895	–	0.31%	–
PNC	New	PNC FINL SVCS GROUP INC	$560,000	–	6,886	–	0.31%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$535,000	–	9,682	–	0.30%	–
POT	New	POTASH CORP SASK INC	$524,000	–	32,265	–	0.29%	–
CPB	New	CAMPBELL SOUP CO	$484,000	–	7,280	–	0.27%	–
VFC	New	V F CORP	$478,000	–	7,770	–	0.27%	–
CAT	New	CATERPILLAR INC DEL	$453,000	–	5,980	–	0.25%	–
WY	New	WEYERHAEUSER CO	$454,000	–	15,263	–	0.25%	–
SBUX	New	STARBUCKS CORP	$451,000	–	7,900	–	0.25%	–
	New	AIR PRODS & CHEMS INC	$444,000	–	3,125	–	0.25%	–
VAL	New	VALSPAR CORP	$441,000	–	4,085	–	0.24%	–
NVS	New	NOVARTIS A G	$433,000	–	5,250	–	0.24%	–
MUR	New	MURPHY OIL CORP	$429,000	–	13,527	–	0.24%	–
CMCSA	New	COMCAST CORP NEW	$425,000	–	6,512	–	0.24%	–
GGG	New	GRACO INC	$415,000	–	5,250	–	0.23%	–
	New	ASHLAND INC NEW	$412,000	–	3,589	–	0.23%	–
YUM	New	YUM BRANDS INC	$412,000	–	4,974	–	0.23%	–
UL	New	UNILEVER PLC	$388,000	–	8,100	–	0.22%	–
ETP	New	ENERGY TRANSFER PRTNRS L P	$386,000	–	10,134	–	0.22%	–
EPD	New	ENTERPRISE PRODS PARTNERS L	$385,000	–	13,153	–	0.21%	–
CCP	New	CARE CAP PPTYS INC	$348,000	–	13,275	–	0.19%	–
GSK	New	GLAXOSMITHKLINE PLC	$334,000	–	7,696	–	0.19%	–
	New	AMERICAN EXPRESS CO	$330,000	–	5,425	–	0.18%	–
NGG	New	NATIONAL GRID PLC	$322,000	–	4,335	–	0.18%	–
TWX	New	TIME WARNER INC	$289,000	–	3,927	–	0.16%	–
GOOG	New	ALPHABET INC	$275,000	–	397	–	0.15%	–
UTX	New	UNITED TECHNOLOGIES CORP	$273,000	–	2,665	–	0.15%	–
SO	New	SOUTHERN CO	$266,000	–	4,953	–	0.15%	–
KMI	New	KINDER MORGAN INC DEL	$265,000	–	14,181	–	0.15%	–
TR	New	TOOTSIE ROLL INDS INC	$265,000	–	6,885	–	0.15%	–
	New	ALLSTATE CORP	$263,000	–	3,755	–	0.15%	–
MUSA	New	MURPHY USA INC	$252,000	–	3,402	–	0.14%	–
ZTS	New	ZOETIS INC	$248,000	–	5,225	–	0.14%	–
HRS	New	HARRIS CORP DEL	$244,000	–	2,920	–	0.14%	–
SYK	New	STRYKER CORP	$244,000	–	2,040	–	0.14%	–
	New	BOEING CO	$245,000	–	1,886	–	0.14%	–
NEM	New	NEWMONT MINING CORP	$242,000	–	6,175	–	0.14%	–
GOOGL	New	ALPHABET INC	$226,000	–	321	–	0.13%	–
NOC	New	NORTHROP GRUMMAN CORP	$225,000	–	1,013	–	0.12%	–
	New	WASHINGTON MUT INVS FD INCmut	$217,000	–	5,402	–	0.12%	–
BPL	New	BUCKEYE PARTNERS L P	$211,000	–	3,000	–	0.12%	–
DDAIF	New	DAIMLER AG	$210,000	–	3,506	–	0.12%	–
LUMN	New	CENTURYLINK INC	$206,000	–	7,117	–	0.12%	–
SRE	New	SEMPRA ENERGY	$205,000	–	1,800	–	0.11%	–
SKT	New	TANGER FACTORY OUTLET CTRS I	$201,000	–	5,000	–	0.11%	–
	New	TRAVELCENTERS OF AMERICA	$0	–	30,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
	Exit	AVON PRODS INC	$0	–	-23,500	–	-0.04%	–
	Exit	DUPREE MUT FDS KY TAXmut	$0	–	-19,157	–	-0.07%	–
TLN	Exit	TALEN ENERGY CORP	$0	–	-15,336	–	-0.07%	–
ONB	Exit	OLD NATL BANCORP IND	$0	–	-12,001	–	-0.08%	–
NEM	Exit	NEWMONT MNG CORP	$0	–	-10,875	–	-0.08%	–
SKT	Exit	TANGER FACTORY OUTLET	$0	–	-6,120	–	-0.09%	–
	Exit	WASHINGTON MUT INVS Fmut	$0	–	-5,402	–	-0.09%	–
BPL	Exit	BUCKEYE PARTNERS L P	$0	–	-3,500	–	-0.10%	–
	Exit	ANTHEM INC	$0	–	-1,470	–	-0.10%	–
ITT	Exit	ITT CORP	$0	–	-6,200	–	-0.10%	–
CCP	Exit	CARE CAP PPTYS INC	$0	–	-6,320	–	-0.10%	–
SPY	Exit	SPDR TR UNIT SER 1mut	$0	–	-1,098	–	-0.10%	–
CVS	Exit	CVS CORP	$0	–	-2,209	–	-0.10%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-8,063	–	-0.10%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,034	–	-0.10%	–
	Exit	ALLSTATE CORP	$0	–	-3,755	–	-0.10%	–
PAA	Exit	PLAINS ALL AMERICAN P	$0	–	-7,200	–	-0.10%	–
TRV	Exit	TRAVELERS COMPANIES	$0	–	-2,238	–	-0.10%	–
SNY	Exit	SANOFI AVENTIS ADR	$0	–	-4,750	–	-0.10%	–
ZTS	Exit	ZOETIS INC CL A	$0	–	-5,569	–	-0.11%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-389	–	-0.11%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-5,414	–	-0.11%	–
SO	Exit	SOUTHERN CO	$0	–	-5,378	–	-0.11%	–
	Exit	LEGG MASON CAP MGMT Vmut	$0	–	-4,214	–	-0.11%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,506	–	-0.12%	–
DFS	Exit	DISCOVER FINANCIAL SV	$0	–	-4,998	–	-0.12%	–
SYK	Exit	STRYKER CORP	$0	–	-3,200	–	-0.14%	–
D	Exit	DOMINION RES INC VA	$0	–	-4,312	–	-0.14%	–
	Exit	BOEING CO	$0	–	-2,326	–	-0.14%	–
NVS	Exit	NOVARTIS AG SPONS ADR	$0	–	-3,750	–	-0.16%	–
NGLS	Exit	TARGA RESOURCES PTRS	$0	–	-11,929	–	-0.16%	–
NGG	Exit	NATIONAL GRID PLC ADR	$0	–	-5,085	–	-0.16%	–
HRS	Exit	HARRIS CORP	$0	–	-4,905	–	-0.16%	–
VFC	Exit	V F CORP	$0	–	-5,400	–	-0.17%	–
EPD	Exit	ENTERPRISE PRODS PTRS	$0	–	-15,053	–	-0.17%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-7,440	–	-0.17%	–
GSK	Exit	GLAXOSMITHKLINE PLC A	$0	–	-10,169	–	-0.18%	–
YUM	Exit	YUM BRANDS INC	$0	–	-5,023	–	-0.18%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-7,067	–	-0.18%	–
	Exit	FIRST FARMERS BANK HL	$0	–	-16,541	–	-0.19%	–
MUSA	Exit	MURPHY USA INC	$0	–	-7,863	–	-0.20%	–
VAL	Exit	VALSPAR CORP	$0	–	-6,188	–	-0.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-6,647	–	-0.20%	–
	Exit	FIDELITY MAGELLAN FDmut	$0	–	-5,210	–	-0.21%	–
CAT	Exit	CATERPILLAR INC	$0	–	-7,030	–	-0.21%	–
	Exit	NEUBERGER & BERMAN EQmut	$0	–	-17,923	–	-0.22%	–
UL	Exit	UNILEVER PLC ADR	$0	–	-11,900	–	-0.22%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-10,493	–	-0.23%	–
	Exit	AIR PRODS & CHEMS INC	$0	–	-3,957	–	-0.23%	–
	Exit	VANGUARD INDEX TR 500mut	$0	–	-2,988	–	-0.24%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-17,218	–	-0.25%	–
	Exit	VANGUARD WINDSOR FD Imut	$0	–	-28,082	–	-0.25%	–
	Exit	BERKSHIRE HATHAWAY IN	$0	–	-4,345	–	-0.26%	–
CSX	Exit	CSX CORP	$0	–	-21,430	–	-0.26%	–
XYL	Exit	XYLEM INC	$0	–	-18,040	–	-0.27%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-11,643	–	-0.28%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-8,424	–	-0.28%	–
PNC	Exit	PNC FINANCIAL CORP	$0	–	-6,886	–	-0.28%	–
ETP	Exit	ENERGY TRANSFER PRTNR	$0	–	-15,084	–	-0.29%	–
	Exit	INVESTMENT CO AMER CLmut	$0	–	-18,696	–	-0.29%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-9,025	–	-0.31%	–
TWX	Exit	TIME WARNER INC	$0	–	-10,114	–	-0.32%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-5,190	–	-0.33%	–
IP	Exit	INTERNATIONAL PAPER C	$0	–	-19,299	–	-0.34%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-31,067	–	-0.35%	–
UPS	Exit	UNITED PARCEL SVC CL	$0	–	-7,968	–	-0.36%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-13,900	–	-0.36%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-18,062	–	-0.37%	–
	Exit	ASHLAND INC	$0	–	-7,989	–	-0.37%	–
KMI	Exit	KINDER MORGAN INC	$0	–	-29,096	–	-0.37%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-13,356	–	-0.39%	–
	Exit	AUTOMATIC DATA PROCES	$0	–	-10,756	–	-0.40%	–
GGG	Exit	GRACO INC	$0	–	-12,900	–	-0.40%	–
MMP	Exit	MAGELLAN MIDSTREAM PT	$0	–	-14,527	–	-0.40%	–
DD	Exit	DU PONT E I DE NEMOUR	$0	–	-18,114	–	-0.40%	–
RTN	Exit	RAYTHEON CO	$0	–	-8,134	–	-0.41%	–
TJX	Exit	TJX COS INC NEW	$0	–	-12,900	–	-0.42%	–
DOV	Exit	DOVER CORP	$0	–	-16,147	–	-0.42%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-50,311	–	-0.48%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-11,379	–	-0.50%	–
	Exit	AMERICAN WATER WORKS	$0	–	-19,700	–	-0.50%	–
SCG	Exit	SCANA CORP	$0	–	-19,300	–	-0.50%	–
K	Exit	KELLOGG CO	$0	–	-16,650	–	-0.51%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-72,990	–	-0.52%	–
VTR	Exit	VENTAS INC	$0	–	-20,319	–	-0.52%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-12,372	–	-0.56%	–
SLB	Exit	SCHLUMBERGER	$0	–	-17,688	–	-0.56%	–
INTC	Exit	INTEL CORP	$0	–	-41,097	–	-0.57%	–
CSCO	Exit	CISCO SYS INC	$0	–	-48,229	–	-0.58%	–
	Exit	BAXTER INTL INC	$0	–	-38,652	–	-0.58%	–
DOW	Exit	DOW CHEMICAL CORP	$0	–	-30,502	–	-0.60%	–
BXLT	Exit	BAXALTA INC	$0	–	-44,677	–	-0.65%	–
DIS	Exit	DISNEY WALT PRODTNS	$0	–	-13,870	–	-0.65%	–
CAG	Exit	CONAGRA INC	$0	–	-35,415	–	-0.66%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-22,276	–	-0.68%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,233	–	-0.69%	–
WMT	Exit	WAL MART STORES INC	$0	–	-23,591	–	-0.70%	–
	Exit	AMGEN INC	$0	–	-11,352	–	-0.72%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-60,631	–	-0.74%	–
JPM	Exit	J P MORGAN CHASE & CO	$0	–	-27,869	–	-0.78%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-66,143	–	-0.80%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-16,648	–	-0.84%	–
CLX	Exit	CLOROX CO	$0	–	-17,121	–	-0.91%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-14,945	–	-0.92%	–
V	Exit	VISA INC CLASS A	$0	–	-30,399	–	-0.98%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-39,480	–	-1.02%	–
BFB	Exit	BROWN FORMAN CORP CL	$0	–	-23,243	–	-1.04%	–
	Exit	ASTRAZENECA PLC ADR	$0	–	-72,255	–	-1.06%	–
	Exit	ABBOTT LABS	$0	–	-57,437	–	-1.06%	–
TGT	Exit	TARGET CORP	$0	–	-29,947	–	-1.08%	–
KHC	Exit	KRAFT HEINZ COMPANY	$0	–	-34,448	–	-1.12%	–
PSX	Exit	PHILLIPS 66	$0	–	-32,584	–	-1.15%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-53,450	–	-1.18%	–
HD	Exit	HOME DEPOT INC	$0	–	-23,511	–	-1.25%	–
MMM	Exit	3M COMPANY	$0	–	-19,842	–	-1.30%	–
IBM	Exit	I B M	$0	–	-19,624	–	-1.31%	–
VOD	Exit	VODAFONE GROUP PLC AD	$0	–	-90,187	–	-1.32%	–
BFA	Exit	BROWN FORMAN CORP CL	$0	–	-26,870	–	-1.32%	–
	Exit	APPLE COMPUTER INC	$0	–	-26,070	–	-1.32%	–
HSY	Exit	HERSHEY FOODS CORP	$0	–	-31,309	–	-1.33%	–
ABBV	Exit	ABBVIE INC	$0	–	-59,429	–	-1.49%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-72,780	–	-1.55%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-82,157	–	-1.58%	–
USB	Exit	US BANCORP	$0	–	-85,317	–	-1.61%	–
	Exit	ZIRMED INC	$0	–	-156,675	–	-1.64%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-65,688	–	-1.65%	–
KO	Exit	COCA COLA CO	$0	–	-92,116	–	-1.70%	–
WBA	Exit	WALGREENS BOOTS ALLIA	$0	–	-45,716	–	-1.75%	–
MRK	Exit	MERCK & COMPANY	$0	–	-78,928	–	-1.80%	–
PPL	Exit	PPL CORP	$0	–	-119,363	–	-1.81%	–
PM	Exit	PHILIP MORRIS INTL IN	$0	–	-50,602	–	-1.85%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-44,533	–	-1.92%	–
T	Exit	A T & T INC	$0	–	-129,669	–	-1.95%	–
GE	Exit	GENERAL ELEC CO	$0	–	-173,278	–	-2.01%	–
LLY	Exit	ELI LILLY AND COMPANY	$0	–	-53,274	–	-2.05%	–
VZ	Exit	VERIZON COMMUNICATION	$0	–	-103,230	–	-2.07%	–
CVX	Exit	CHEVRON CORP	$0	–	-61,052	–	-2.22%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-109,552	–	-2.23%	–
PFE	Exit	PFIZER INC	$0	–	-168,960	–	-2.44%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-95,744	–	-2.61%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-86,535	–	-2.87%	–
PEP	Exit	PEPSICO INC	$0	–	-69,283	–	-3.01%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-121,582	–	-4.16%	–

Q3 2015

			Value		Shares		↓ Weighting
XOM	Sell	EXXON MOBIL CORP	$9,040,000	-10.9%	121,582	-0.3%	4.16%	-3.3%
PEP	Sell	PEPSICO INC	$6,533,000	+0.6%	69,283	-0.4%	3.01%	+9.2%
PG	Buy	PROCTER & GAMBLE CO	$6,225,000	-7.6%	86,535	+0.5%	2.87%	+0.3%
BMY	Sell	BRISTOL MYERS SQUIBB	$5,668,000	-11.1%	95,744	-0.1%	2.61%	-3.5%
PFE	Sell	PFIZER INC	$5,307,000	-6.7%	168,960	-0.4%	2.44%	+1.3%
MSFT	Buy	MICROSOFT CORP	$4,849,000	+0.7%	109,552	+0.4%	2.23%	+9.3%
CVX	Sell	CHEVRON CORP	$4,816,000	-18.3%	61,052	-0.1%	2.22%	-11.3%
VZ	Buy	VERIZON COMMUNICATION	$4,492,000	-6.2%	103,230	+0.5%	2.07%	+1.9%
LLY	Sell	ELI LILLY AND COMPANY	$4,459,000	-0.5%	53,274	-0.8%	2.05%	+7.9%
GE	Buy	GENERAL ELEC CO	$4,370,000	-5.0%	173,278	+0.1%	2.01%	+3.1%
T	Buy	A T & T INC	$4,225,000	-7.9%	129,669	+0.4%	1.95%	0.0%
JNJ	Buy	JOHNSON & JOHNSON	$4,157,000	-3.4%	44,533	+0.8%	1.92%	+4.8%
PM	Sell	PHILIP MORRIS INTL IN	$4,014,000	-2.0%	50,602	-0.9%	1.85%	+6.4%
PPL	Sell	PPL CORP	$3,926,000	+10.4%	119,363	-1.1%	1.81%	+19.8%
MRK	Buy	MERCK & COMPANY	$3,898,000	-12.3%	78,928	+1.0%	1.80%	-4.9%
WBA	Sell	WALGREENS BOOTS ALLIA	$3,799,000	-3.8%	45,716	-2.3%	1.75%	+4.4%
KO	Sell	COCA COLA CO	$3,696,000	+1.4%	92,116	-0.8%	1.70%	+10.1%
MO	Sell	ALTRIA GROUP INC	$3,573,000	+10.0%	65,688	-1.1%	1.65%	+19.4%
USB	Sell	US BANCORP	$3,499,000	-5.7%	85,317	-0.2%	1.61%	+2.3%
MDLZ	Buy	MONDELEZ INTL INC	$3,440,000	+2.1%	82,157	+0.3%	1.58%	+10.8%
MPC	Sell	MARATHON PETE CORP	$3,372,000	-11.5%	72,780	-0.1%	1.55%	-3.9%
ABBV	Sell	ABBVIE INC	$3,234,000	-19.5%	59,429	-0.5%	1.49%	-12.6%
HSY	Buy	HERSHEY FOODS CORP	$2,877,000	+5.0%	31,309	+1.5%	1.33%	+14.0%
BFA	Sell	BROWN FORMAN CORP CL	$2,875,000	-7.9%	26,870	-4.0%	1.32%	+0.1%
	Sell	APPLE COMPUTER INC	$2,876,000	-19.6%	26,070	-8.6%	1.32%	-12.7%
VOD	Buy	VODAFONE GROUP PLC AD	$2,863,000	-11.2%	90,187	+2.0%	1.32%	-3.6%
IBM	Sell	I B M	$2,845,000	-14.4%	19,624	-3.9%	1.31%	-7.0%
MMM	Sell	3M COMPANY	$2,813,000	-8.7%	19,842	-0.6%	1.30%	-0.8%
HD	Sell	HOME DEPOT INC	$2,715,000	+1.8%	23,511	-2.1%	1.25%	+10.5%
COP	Buy	CONOCOPHILLIPS	$2,563,000	-21.8%	53,450	+0.1%	1.18%	-15.2%
PSX	Sell	PHILLIPS 66	$2,504,000	-6.1%	32,584	-1.5%	1.15%	+1.9%
KHC	New	KRAFT HEINZ COMPANY	$2,431,000	–	34,448	–	1.12%	–
TGT	Sell	TARGET CORP	$2,356,000	-6.3%	29,947	-2.8%	1.08%	+1.7%
	Sell	ABBOTT LABS	$2,310,000	-18.9%	57,437	-1.0%	1.06%	-12.0%
	Buy	ASTRAZENECA PLC ADR	$2,299,000	-0.3%	72,255	+99.5%	1.06%	+8.2%
BFB	Buy	BROWN FORMAN CORP CL	$2,252,000	-2.0%	23,243	+1.3%	1.04%	+6.5%
GIS	Sell	GENERAL MILLS INC	$2,216,000	-1.0%	39,480	-1.7%	1.02%	+7.5%
V	Buy	VISA INC CLASS A	$2,118,000	+4.9%	30,399	+1.1%	0.98%	+13.9%
CHDN	Sell	CHURCHILL DOWNS INC	$2,000,000	+6.2%	14,945	-0.8%	0.92%	+15.3%
CLX	Sell	CLOROX CO	$1,978,000	+8.9%	17,121	-2.0%	0.91%	+18.2%
KMB	Sell	KIMBERLY CLARK CORP	$1,815,000	+2.3%	16,648	-0.6%	0.84%	+11.0%
SE	Sell	SPECTRA ENERGY CORP	$1,738,000	-21.9%	66,143	-3.1%	0.80%	-15.2%
JPM	Sell	J P MORGAN CHASE & CO	$1,699,000	-11.7%	27,869	-1.9%	0.78%	-4.2%
WTR	Sell	AQUA AMERICA INC	$1,605,000	+7.6%	60,631	-0.5%	0.74%	+16.7%
WMT	Buy	WAL MART STORES INC	$1,530,000	-7.9%	23,591	+0.7%	0.70%	0.0%
MCD	Sell	MCDONALDS CORP	$1,501,000	-0.1%	15,233	-3.6%	0.69%	+8.5%
OXY	Sell	OCCIDENTAL PETE CORP	$1,474,000	-16.7%	22,276	-2.1%	0.68%	-9.6%
CAG	Buy	CONAGRA INC	$1,435,000	-6.3%	35,415	+1.1%	0.66%	+1.7%
DIS	Buy	DISNEY WALT PRODTNS	$1,418,000	-9.3%	13,870	+1.3%	0.65%	-1.5%
BXLT	New	BAXALTA INC	$1,408,000	–	44,677	–	0.65%	–
DOW	Buy	DOW CHEMICAL CORP	$1,293,000	-16.9%	30,502	+0.3%	0.60%	-9.7%
	Buy	BAXTER INTL INC	$1,270,000	-44.5%	38,652	+18.1%	0.58%	-39.8%
CSCO	Sell	CISCO SYS INC	$1,266,000	-4.6%	48,229	-0.2%	0.58%	+3.6%
INTC	Buy	INTEL CORP	$1,239,000	+1.6%	41,097	+2.5%	0.57%	+10.2%
SLB	Buy	SCHLUMBERGER	$1,220,000	-19.0%	17,688	+1.1%	0.56%	-12.2%
NEE	Buy	NEXTERA ENERGY INC	$1,207,000	+6.0%	12,372	+6.5%	0.56%	+15.1%
VTR	Buy	VENTAS INC	$1,139,000	+55.2%	20,319	+72.0%	0.52%	+68.3%
MRO	Sell	MARATHON OIL CORP	$1,124,000	-42.1%	72,990	-0.1%	0.52%	-37.1%
K	Sell	KELLOGG CO	$1,108,000	+4.7%	16,650	-1.3%	0.51%	+13.6%
SCG	Sell	SCANA CORP	$1,086,000	+8.3%	19,300	-2.5%	0.50%	+17.4%
	Sell	AMERICAN WATER WORKS	$1,085,000	+11.5%	19,700	-1.5%	0.50%	+21.1%
POT	Buy	POTASH CORP SASK INC	$1,034,000	-15.7%	50,311	+27.1%	0.48%	-8.5%
DOV	Buy	DOVER CORP	$923,000	-18.4%	16,147	+0.2%	0.42%	-11.5%
RTN	Buy	RAYTHEON CO	$889,000	+14.4%	8,134	+0.1%	0.41%	+24.2%
MMP	Sell	MAGELLAN MIDSTREAM PT	$873,000	-19.8%	14,527	-2.1%	0.40%	-13.0%
GGG	Buy	GRACO INC	$865,000	-5.5%	12,900	+0.2%	0.40%	+2.8%
	Buy	AUTOMATIC DATA PROCES	$864,000	+0.9%	10,756	+0.8%	0.40%	+9.6%
KMI	Sell	KINDER MORGAN INC	$805,000	-31.5%	29,096	-4.9%	0.37%	-25.7%
EMR	Sell	EMERSON ELEC CO	$798,000	-21.6%	18,062	-1.6%	0.37%	-14.8%
UPS	Buy	UNITED PARCEL SVC CL	$786,000	+2.2%	7,968	+0.4%	0.36%	+11.0%
MUR	Sell	MURPHY OIL CORP	$752,000	-45.5%	31,067	-6.5%	0.35%	-41.0%
IP	Buy	INTERNATIONAL PAPER C	$729,000	-16.8%	19,299	+4.9%	0.34%	-9.7%
GD	Sell	GENERAL DYNAMICS CORP	$716,000	-4.5%	5,190	-1.9%	0.33%	+3.8%
TWX	Sell	TIME WARNER INC	$695,000	-21.9%	10,114	-0.6%	0.32%	-15.3%
	Sell	AMERICAN EXPRESS CO	$669,000	-5.6%	9,025	-1.1%	0.31%	+2.3%
ETP	Sell	ENERGY TRANSFER PRTNR	$620,000	-23.1%	15,084	-2.3%	0.29%	-16.4%
XYL	Buy	XYLEM INC	$593,000	+3.0%	18,040	+16.0%	0.27%	+11.9%
CSX	Sell	CSX CORP	$576,000	-19.6%	21,430	-2.3%	0.26%	-12.8%
	Buy	BERKSHIRE HATHAWAY IN	$567,000	-4.1%	4,345	+0.1%	0.26%	+4.0%
TR	Buy	TOOTSIE ROLL INDS INC	$539,000	-0.6%	17,218	+2.7%	0.25%	+7.8%
	Sell	AIR PRODS & CHEMS INC	$505,000	-16.3%	3,957	-10.2%	0.23%	-9.0%
RDSA	Buy	ROYAL DUTCH SHELL PLC	$497,000	-15.3%	10,493	+1.9%	0.23%	-8.0%
CAT	Sell	CATERPILLAR INC	$459,000	-25.1%	7,030	-2.8%	0.21%	-18.8%
MDT	Sell	MEDTRONIC PLC	$445,000	-12.6%	6,647	-3.2%	0.20%	-5.1%
VAL	Sell	VALSPAR CORP	$445,000	-12.2%	6,188	-0.1%	0.20%	-4.7%
MUSA	Sell	MURPHY USA INC	$432,000	-5.1%	7,863	-3.5%	0.20%	+3.1%
YUM	Sell	YUM BRANDS INC	$402,000	-12.2%	5,023	-1.3%	0.18%	-4.6%
GSK	Sell	GLAXOSMITHKLINE PLC A	$391,000	-11.5%	10,169	-4.2%	0.18%	-4.3%
VFC	Sell	V F CORP	$368,000	-5.9%	5,400	-3.6%	0.17%	+2.4%
HRS	New	HARRIS CORP	$359,000	–	4,905	–	0.16%	–
NGG	Buy	NATIONAL GRID PLC ADR	$354,000	+11.0%	5,085	+3.0%	0.16%	+20.7%
NVS	Sell	NOVARTIS AG SPONS ADR	$345,000	-11.1%	3,750	-5.1%	0.16%	-3.6%
DFS	Sell	DISCOVER FINANCIAL SV	$260,000	-11.6%	4,998	-2.0%	0.12%	-4.0%
RAI	Buy	REYNOLDS AMERICAN INC	$240,000	+4.3%	5,414	+75.7%	0.11%	+13.3%
ZTS	Buy	ZOETIS INC CL A	$229,000	-7.7%	5,569	+8.3%	0.11%	+1.0%
SNY	Buy	SANOFI AVENTIS ADR	$225,000	-2.2%	4,750	+2.2%	0.10%	+6.1%
CVS	Buy	CVS CORP	$213,000	-5.8%	2,209	+2.3%	0.10%	+2.1%
SPY	Sell	SPDR TR UNIT SER 1mut	$210,000	-38.4%	1,098	-33.7%	0.10%	-33.1%
CCP	New	CARE CAP PPTYS INC	$208,000	–	6,320	–	0.10%	–
ITT	Buy	ITT CORP	$207,000	-16.9%	6,200	+4.2%	0.10%	-10.4%
SKT	New	TANGER FACTORY OUTLET	$202,000	–	6,120	–	0.09%	–
NEM	Sell	NEWMONT MNG CORP	$175,000	-35.2%	10,875	-6.0%	0.08%	-29.6%
TLN	Sell	TALEN ENERGY CORP	$155,000	-42.4%	15,336	-2.2%	0.07%	-37.7%
	Sell	AVON PRODS INC	$76,000	-49.7%	23,500	-2.9%	0.04%	-45.3%
AGN	Exit	ALLERGAN PLC SHS	$0	–	-668	–	-0.09%	–
ITW	Exit	ILLINOIS TOOL WKS INC	$0	–	-2,196	–	-0.09%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-7,117	–	-0.09%	–
	Exit	VANGUARD EXPLORER FDmut	$0	–	-2,119	–	-0.09%	–
UTX	Exit	UNITED TECHNOLOGIES C	$0	–	-1,900	–	-0.09%	–
CI	Exit	CIGNA CORP	$0	–	-1,302	–	-0.09%	–
HYH	Exit	HALYARD HEALTH INC	$0	–	-5,356	–	-0.09%	–
	Exit	APACHE CORP	$0	–	-5,391	–	-0.13%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-300	–	-0.14%	–
HSP	Exit	HOSPIRA INC	$0	–	-6,690	–	-0.25%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-34,621	–	-1.25%	–

Q2 2015

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$10,146,000	–	121,947	–	4.31%	–
PG	New	PROCTER & GAMBLE CO	$6,738,000	–	86,116	–	2.86%	–
PEP	New	PEPSICO INC	$6,495,000	–	69,589	–	2.76%	–
BMY	New	BRISTOL MYERS SQUIBB	$6,375,000	–	95,809	–	2.71%	–
CVX	New	CHEVRON CORP	$5,895,000	–	61,102	–	2.50%	–
PFE	New	PFIZER INC	$5,686,000	–	169,575	–	2.41%	–
MSFT	New	MICROSOFT CORP	$4,816,000	–	109,077	–	2.04%	–
VZ	New	VERIZON COMMUNICATION	$4,787,000	–	102,711	–	2.03%	–
GE	New	GENERAL ELEC CO	$4,601,000	–	173,170	–	1.95%	–
T	New	A T & T INC	$4,588,000	–	129,177	–	1.95%	–
LLY	New	ELI LILLY AND COMPANY	$4,483,000	–	53,699	–	1.90%	–
MRK	New	MERCK & COMPANY	$4,447,000	–	78,120	–	1.89%	–
JNJ	New	JOHNSON & JOHNSON	$4,304,000	–	44,165	–	1.83%	–
PM	New	PHILIP MORRIS INTL IN	$4,095,000	–	51,082	–	1.74%	–
ABBV	New	ABBVIE INC	$4,015,000	–	59,754	–	1.70%	–
WBA	New	WALGREENS BOOTS ALLIA	$3,950,000	–	46,777	–	1.68%	–
MPC	New	MARATHON PETE CORP	$3,810,000	–	72,826	–	1.62%	–
USB	New	US BANCORP	$3,711,000	–	85,516	–	1.58%	–
KO	New	COCA COLA CO	$3,644,000	–	92,891	–	1.55%	–
	New	APPLE COMPUTER INC	$3,576,000	–	28,510	–	1.52%	–
	New	ZIRMED INC	$3,560,000	–	156,675	–	1.51%	–
PPL	New	PPL CORP	$3,557,000	–	120,688	–	1.51%	–
MDLZ	New	MONDELEZ INTL INC	$3,370,000	–	81,925	–	1.43%	–
IBM	New	I B M	$3,322,000	–	20,424	–	1.41%	–
COP	New	CONOCOPHILLIPS	$3,279,000	–	53,390	–	1.39%	–
MO	New	ALTRIA GROUP INC	$3,248,000	–	66,398	–	1.38%	–
VOD	New	VODAFONE GROUP PLC AD	$3,223,000	–	88,422	–	1.37%	–
BFA	New	BROWN FORMAN CORP CL	$3,120,000	–	27,998	–	1.32%	–
MMM	New	3M COMPANY	$3,080,000	–	19,963	–	1.31%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,948,000	–	34,621	–	1.25%	–
	New	ABBOTT LABS	$2,848,000	–	58,037	–	1.21%	–
HSY	New	HERSHEY FOODS CORP	$2,741,000	–	30,859	–	1.16%	–
PSX	New	PHILLIPS 66	$2,666,000	–	33,091	–	1.13%	–
HD	New	HOME DEPOT INC	$2,668,000	–	24,011	–	1.13%	–
TGT	New	TARGET CORP	$2,514,000	–	30,797	–	1.07%	–
	New	ASTRAZENECA PLC ADR	$2,307,000	–	36,215	–	0.98%	–
BFB	New	BROWN FORMAN CORP CL	$2,298,000	–	22,943	–	0.98%	–
	New	BAXTER INTL INC	$2,290,000	–	32,742	–	0.97%	–
GIS	New	GENERAL MILLS INC	$2,239,000	–	40,180	–	0.95%	–
SE	New	SPECTRA ENERGY CORP	$2,226,000	–	68,284	–	0.94%	–
V	New	VISA INC CLASS A	$2,019,000	–	30,072	–	0.86%	–
MRO	New	MARATHON OIL CORP	$1,940,000	–	73,086	–	0.82%	–
JPM	New	J P MORGAN CHASE & CO	$1,925,000	–	28,409	–	0.82%	–
CHDN	New	CHURCHILL DOWNS INC	$1,883,000	–	15,060	–	0.80%	–
CLX	New	CLOROX CO	$1,817,000	–	17,471	–	0.77%	–
KMB	New	KIMBERLY CLARK CORP	$1,775,000	–	16,748	–	0.75%	–
OXY	New	OCCIDENTAL PETE CORP	$1,769,000	–	22,751	–	0.75%	–
	New	AMGEN INC	$1,743,000	–	11,352	–	0.74%	–
WMT	New	WAL MART STORES INC	$1,662,000	–	23,428	–	0.70%	–
DIS	New	DISNEY WALT PRODTNS	$1,563,000	–	13,690	–	0.66%	–
DOW	New	DOW CHEMICAL CORP	$1,556,000	–	30,402	–	0.66%	–
CAG	New	CONAGRA INC	$1,531,000	–	35,015	–	0.65%	–
SLB	New	SCHLUMBERGER	$1,507,000	–	17,488	–	0.64%	–
MCD	New	MCDONALDS CORP	$1,503,000	–	15,808	–	0.64%	–
WTR	New	AQUA AMERICA INC	$1,492,000	–	60,931	–	0.63%	–
MUR	New	MURPHY OIL CORP	$1,381,000	–	33,217	–	0.59%	–
CSCO	New	CISCO SYS INC	$1,327,000	–	48,318	–	0.56%	–
POT	New	POTASH CORP SASK INC	$1,226,000	–	39,586	–	0.52%	–
INTC	New	INTEL CORP	$1,220,000	–	40,097	–	0.52%	–
KMI	New	KINDER MORGAN INC	$1,175,000	–	30,598	–	0.50%	–
HON	New	HONEYWELL INTL INC	$1,160,000	–	11,379	–	0.49%	–
DD	New	DU PONT E I DE NEMOUR	$1,158,000	–	18,114	–	0.49%	–
NEE	New	NEXTERA ENERGY INC	$1,139,000	–	11,622	–	0.48%	–
DOV	New	DOVER CORP	$1,131,000	–	16,109	–	0.48%	–
MMP	New	MAGELLAN MIDSTREAM PT	$1,089,000	–	14,841	–	0.46%	–
K	New	KELLOGG CO	$1,058,000	–	16,870	–	0.45%	–
EMR	New	EMERSON ELEC CO	$1,018,000	–	18,362	–	0.43%	–
SCG	New	SCANA CORP	$1,003,000	–	19,800	–	0.43%	–
	New	ASHLAND INC	$974,000	–	7,989	–	0.41%	–
	New	AMERICAN WATER WORKS	$973,000	–	20,000	–	0.41%	–
GGG	New	GRACO INC	$915,000	–	12,875	–	0.39%	–
TWX	New	TIME WARNER INC	$890,000	–	10,180	–	0.38%	–
IP	New	INTERNATIONAL PAPER C	$876,000	–	18,399	–	0.37%	–
CL	New	COLGATE PALMOLIVE CO	$874,000	–	13,356	–	0.37%	–
	New	AUTOMATIC DATA PROCES	$856,000	–	10,675	–	0.36%	–
TJX	New	TJX COS INC NEW	$854,000	–	12,900	–	0.36%	–
ETP	New	ENERGY TRANSFER PRTNR	$806,000	–	15,434	–	0.34%	–
RTN	New	RAYTHEON CO	$777,000	–	8,124	–	0.33%	–
UPS	New	UNITED PARCEL SVC CL	$769,000	–	7,935	–	0.33%	–
GD	New	GENERAL DYNAMICS CORP	$750,000	–	5,290	–	0.32%	–
SBUX	New	STARBUCKS CORP	$745,000	–	13,900	–	0.32%	–
VTR	New	VENTAS INC	$734,000	–	11,815	–	0.31%	–
CSX	New	CSX CORP	$716,000	–	21,930	–	0.30%	–
	New	AMERICAN EXPRESS CO	$709,000	–	9,125	–	0.30%	–
	New	INVESTMENT CO AMER CLmut	$688,000	–	18,696	–	0.29%	–
PNC	New	PNC FINANCIAL CORP	$659,000	–	6,886	–	0.28%	–
WFC	New	WELLS FARGO & CO	$655,000	–	11,643	–	0.28%	–
CAT	New	CATERPILLAR INC	$613,000	–	7,230	–	0.26%	–
	New	VANGUARD WINDSOR FD Imut	$613,000	–	28,082	–	0.26%	–
	New	AIR PRODS & CHEMS INC	$603,000	–	4,407	–	0.26%	–
DUK	New	DUKE ENERGY CORP	$595,000	–	8,424	–	0.25%	–
HSP	New	HOSPIRA INC	$593,000	–	6,690	–	0.25%	–
	New	BERKSHIRE HATHAWAY IN	$591,000	–	4,340	–	0.25%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$587,000	–	10,293	–	0.25%	–
XYL	New	XYLEM INC	$576,000	–	15,550	–	0.24%	–
	New	VANGUARD INDEX TR 500mut	$569,000	–	2,988	–	0.24%	–
TR	New	TOOTSIE ROLL INDS INC	$542,000	–	16,768	–	0.23%	–
	New	NEUBERGER & BERMAN EQmut	$532,000	–	17,923	–	0.23%	–
UL	New	UNILEVER PLC ADR	$511,000	–	11,900	–	0.22%	–
MDT	New	MEDTRONIC PLC	$509,000	–	6,866	–	0.22%	–
VAL	New	VALSPAR CORP	$507,000	–	6,193	–	0.22%	–
	New	FIRST FARMERS BANK HL	$488,000	–	16,541	–	0.21%	–
	New	FIDELITY MAGELLAN FDmut	$486,000	–	5,210	–	0.21%	–
NGLS	New	TARGA RESOURCES PTRS	$460,000	–	11,929	–	0.20%	–
YUM	New	YUM BRANDS INC	$458,000	–	5,088	–	0.19%	–
MUSA	New	MURPHY USA INC	$455,000	–	8,150	–	0.19%	–
EPD	New	ENTERPRISE PRODS PTRS	$450,000	–	15,053	–	0.19%	–
GSK	New	GLAXOSMITHKLINE PLC A	$442,000	–	10,619	–	0.19%	–
CMCSA	New	COMCAST CORP CL A	$425,000	–	7,067	–	0.18%	–
VFC	New	V F CORP	$391,000	–	5,600	–	0.17%	–
NVS	New	NOVARTIS AG SPONS ADR	$388,000	–	3,950	–	0.16%	–
CPB	New	CAMPBELL SOUP CO	$355,000	–	7,440	–	0.15%	–
SPY	New	SPDR TR UNIT SER 1mut	$341,000	–	1,656	–	0.14%	–
	New	BOEING CO	$323,000	–	2,326	–	0.14%	–
GHC	New	GRAHAM HLDGS CO	$323,000	–	300	–	0.14%	–
DDAIF	New	DAIMLER AG	$322,000	–	3,506	–	0.14%	–
NGG	New	NATIONAL GRID PLC ADR	$319,000	–	4,935	–	0.14%	–
PAA	New	PLAINS ALL AMERICAN P	$314,000	–	7,200	–	0.13%	–
	New	APACHE CORP	$311,000	–	5,391	–	0.13%	–
SYK	New	STRYKER CORP	$306,000	–	3,200	–	0.13%	–
DFS	New	DISCOVER FINANCIAL SV	$294,000	–	5,098	–	0.12%	–
D	New	DOMINION RES INC VA	$288,000	–	4,312	–	0.12%	–
	New	LEGG MASON CAP MGMT Vmut	$279,000	–	4,214	–	0.12%	–
NEM	New	NEWMONT MNG CORP	$270,000	–	11,575	–	0.12%	–
TLN	New	TALEN ENERGY CORP	$269,000	–	15,685	–	0.11%	–
COF	New	CAPITAL ONE FINL CORP	$267,000	–	3,034	–	0.11%	–
BPL	New	BUCKEYE PARTNERS L P	$259,000	–	3,500	–	0.11%	–
WY	New	WEYERHAEUSER CO	$254,000	–	8,063	–	0.11%	–
ITT	New	ITT CORP	$249,000	–	5,950	–	0.11%	–
ZTS	New	ZOETIS INC CL A	$248,000	–	5,144	–	0.10%	–
	New	ALLSTATE CORP	$244,000	–	3,755	–	0.10%	–
	New	ANTHEM INC	$241,000	–	1,470	–	0.10%	–
SNY	New	SANOFI AVENTIS ADR	$230,000	–	4,650	–	0.10%	–
RAI	New	REYNOLDS AMERICAN INC	$230,000	–	3,082	–	0.10%	–
SO	New	SOUTHERN CO	$225,000	–	5,378	–	0.10%	–
CVS	New	CVS CORP	$226,000	–	2,159	–	0.10%	–
TRV	New	TRAVELERS COMPANIES	$216,000	–	2,238	–	0.09%	–
	New	WASHINGTON MUT INVS Fmut	$217,000	–	5,402	–	0.09%	–
HYH	New	HALYARD HEALTH INC	$217,000	–	5,356	–	0.09%	–
UTX	New	UNITED TECHNOLOGIES C	$211,000	–	1,900	–	0.09%	–
CI	New	CIGNA CORP	$211,000	–	1,302	–	0.09%	–
LUMN	New	CENTURYLINK INC	$209,000	–	7,117	–	0.09%	–
	New	VANGUARD EXPLORER FDmut	$210,000	–	2,119	–	0.09%	–
GOOG	New	GOOGLE INC CL C	$202,000	–	389	–	0.09%	–
AGN	New	ALLERGAN PLC SHS	$203,000	–	668	–	0.09%	–
ITW	New	ILLINOIS TOOL WKS INC	$202,000	–	2,196	–	0.09%	–
ONB	New	OLD NATL BANCORP IND	$174,000	–	12,001	–	0.07%	–
	New	DUPREE MUT FDS KY TAXmut	$150,000	–	19,157	–	0.06%	–
	New	AVON PRODS INC	$151,000	–	24,200	–	0.06%	–

Q4 2014

			Value		Shares		↓ Weighting
XLS	Exit	EXELIS INC	$0	–	-10,800	–	-0.08%	–
SKT	Exit	TANGER FACTORY OUTLET	$0	–	-6,120	–	-0.09%	–
TTE	Exit	TOTAL S A PONS ADR	$0	–	-3,126	–	-0.09%	–
F113PS	Exit	COVIDIEN PLC	$0	–	-2,375	–	-0.09%	–
ONB	Exit	OLD NATL BANCORP IND	$0	–	-15,800	–	-0.09%	–
TRV	Exit	TRAVELERS COMPANIES	$0	–	-2,188	–	-0.09%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRIL	$0	–	-6,150	–	-0.09%	–
GHC	Exit	GRAHAM HLDGS CO	$0	–	-300	–	-0.09%	–
SO	Exit	SOUTHERN CO	$0	–	-4,899	–	-0.09%	–
	Exit	VANGUARD EXPLORER FDmut	$0	–	-2,119	–	-0.09%	–
GOOG	Exit	GOOGLE INC CL C	$0	–	-372	–	-0.10%	–
	Exit	DUPREE MUT FDS KY TAXmut	$0	–	-28,587	–	-0.10%	–
	Exit	ALLSTATE CORP	$0	–	-3,755	–	-0.10%	–
SNY	Exit	SANOFI AVENTIS ADR	$0	–	-4,050	–	-0.10%	–
ITT	Exit	ITT CORP	$0	–	-5,350	–	-0.11%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,134	–	-0.11%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-8,063	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-3,200	–	-0.11%	–
NVS	Exit	NOVARTIS AG SPONS ADR	$0	–	-2,800	–	-0.12%	–
	Exit	LEGG MASON CAP MGMT Vmut	$0	–	-4,214	–	-0.12%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,506	–	-0.12%	–
BPL	Exit	BUCKEYE PARTNERS L P	$0	–	-3,500	–	-0.12%	–
	Exit	ALLERGAN INC	$0	–	-1,610	–	-0.13%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-7,117	–	-0.13%	–
D	Exit	DOMINION RES INC VA	$0	–	-4,312	–	-0.13%	–
NGG	Exit	NATIONAL GRID PLC ADR	$0	–	-4,255	–	-0.14%	–
MDT	Exit	MEDTRONIC INC	$0	–	-4,997	–	-0.14%	–
KN	Exit	KNOWLES CORP	$0	–	-11,787	–	-0.14%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-7,440	–	-0.14%	–
DFS	Exit	DISCOVER FINANCIAL SV	$0	–	-5,198	–	-0.15%	–
YUM	Exit	YUM BRANDS INC	$0	–	-4,948	–	-0.16%	–
VFC	Exit	V F CORP	$0	–	-5,600	–	-0.16%	–
	Exit	BOEING CO	$0	–	-2,905	–	-0.16%	–
PAA	Exit	PLAINS ALL AMERICAN P	$0	–	-6,340	–	-0.16%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-7,067	–	-0.17%	–
	Exit	FIRST FARMERS BANK HL	$0	–	-15,585	–	-0.17%	–
HSP	Exit	HOSPIRA INC	$0	–	-7,542	–	-0.17%	–
	Exit	WASHINGTON MUT INVS Fmut	$0	–	-9,902	–	-0.18%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-14,911	–	-0.18%	–
MUSA	Exit	MURPHY USA INC	$0	–	-8,312	–	-0.19%	–
XYL	Exit	XYLEM INC	$0	–	-13,350	–	-0.21%	–
UL	Exit	UNILEVER PLC ADR	$0	–	-11,400	–	-0.21%	–
NEM	Exit	NEWMONT MNG CORP	$0	–	-20,775	–	-0.21%	–
GSK	Exit	GLAXOSMITHKLINE PLC A	$0	–	-10,535	–	-0.21%	–
	Exit	FIDELITY MAGELLAN FDmut	$0	–	-5,210	–	-0.22%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,600	–	-0.22%	–
VAL	Exit	VALSPAR CORP	$0	–	-6,358	–	-0.22%	–
	Exit	VANGUARD INDEX TR 500mut	$0	–	-2,988	–	-0.24%	–
	Exit	AVON PRODS INC	$0	–	-43,775	–	-0.24%	–
	Exit	BERKSHIRE HATHAWAY IN	$0	–	-4,165	–	-0.25%	–
	Exit	AIR PRODS & CHEMS INC	$0	–	-4,457	–	-0.26%	–
	Exit	APACHE CORP	$0	–	-6,237	–	-0.26%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-11,351	–	-0.26%	–
PNC	Exit	PNC FINANCIAL CORP	$0	–	-6,886	–	-0.26%	–
	Exit	NEUBERGER & BERMAN EQmut	$0	–	-17,923	–	-0.26%	–
	Exit	VANGUARD WINDSOR FD Imut	$0	–	-28,082	–	-0.27%	–
VTR	Exit	VENTAS INC	$0	–	-10,515	–	-0.29%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-8,738	–	-0.29%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-5,290	–	-0.30%	–
CSX	Exit	CSX CORP	$0	–	-21,930	–	-0.31%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-8,310	–	-0.32%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-9,782	–	-0.32%	–
IP	Exit	INTERNATIONAL PAPER C	$0	–	-15,604	–	-0.33%	–
CAT	Exit	CATERPILLAR INC	$0	–	-7,630	–	-0.33%	–
TJX	Exit	TJX COS INC NEW	$0	–	-12,900	–	-0.34%	–
RTN	Exit	RAYTHEON CO	$0	–	-7,593	–	-0.34%	–
UPS	Exit	UNITED PARCEL SVC CL	$0	–	-7,855	–	-0.34%	–
TWX	Exit	TIME WARNER INC	$0	–	-10,247	–	-0.34%	–
	Exit	ASHLAND INC	$0	–	-8,114	–	-0.37%	–
NGLS	Exit	TARGA RESOURCES PTRS	$0	–	-11,800	–	-0.38%	–
	Exit	AUTOMATIC DATA PROCES	$0	–	-10,825	–	-0.40%	–
EPD	Exit	ENTERPRISE PRODS PTRS	$0	–	-22,493	–	-0.40%	–
	Exit	INVESTMENT CO AMER CLmut	$0	–	-23,446	–	-0.41%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-14,327	–	-0.41%	–
GGG	Exit	GRACO INC	$0	–	-12,825	–	-0.41%	–
	Exit	AMERICAN WATER WORKS	$0	–	-20,400	–	-0.43%	–
K	Exit	KELLOGG CO	$0	–	-16,150	–	-0.44%	–
ETP	Exit	ENERGY TRANSFER PRTNR	$0	–	-15,592	–	-0.44%	–
SCG	Exit	SCANA CORP	$0	–	-20,175	–	-0.44%	–
V	Exit	VISA INC CLASS A	$0	–	-4,775	–	-0.45%	–
4945SC	Exit	KINDER MORGAN EGY PTR	$0	–	-10,930	–	-0.45%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-16,797	–	-0.46%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-11,632	–	-0.48%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-11,729	–	-0.48%	–
CAG	Exit	CONAGRA INC	$0	–	-33,290	–	-0.48%	–
DOV	Exit	DOVER CORP	$0	–	-13,909	–	-0.49%	–
DIS	Exit	DISNEY WALT PRODTNS	$0	–	-13,355	–	-0.52%	–
CSCO	Exit	CISCO SYS INC	$0	–	-49,589	–	-0.55%	–
DD	Exit	DU PONT E I DE NEMOUR	$0	–	-18,439	–	-0.58%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-57,225	–	-0.59%	–
MMP	Exit	MAGELLAN MIDSTREAM PT	$0	–	-16,000	–	-0.59%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-39,490	–	-0.60%	–
	Exit	BAXTER INTL INC	$0	–	-19,177	–	-0.61%	–
INTC	Exit	INTEL CORP	$0	–	-40,022	–	-0.61%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-15,460	–	-0.66%	–
MCD	Exit	MCDONALDS CORP	$0	–	-15,918	–	-0.66%	–
DOW	Exit	DOW CHEMICAL CORP	$0	–	-29,962	–	-0.69%	–
	Exit	AMGEN INC	$0	–	-11,367	–	-0.70%	–
SLB	Exit	SCHLUMBERGER	$0	–	-15,908	–	-0.71%	–
CLX	Exit	CLOROX CO	$0	–	-17,550	–	-0.74%	–
JPM	Exit	J P MORGAN CHASE & CO	$0	–	-28,483	–	-0.76%	–
WMT	Exit	WAL MART STORES INC	$0	–	-23,303	–	-0.78%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-16,868	–	-0.80%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-34,132	–	-0.85%	–
TGT	Exit	TARGET CORP	$0	–	-30,822	–	-0.85%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-39,979	–	-0.89%	–
BFB	Exit	BROWN FORMAN CORP CL	$0	–	-23,055	–	-0.92%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-36,717	–	-0.92%	–
HD	Exit	HOME DEPOT INC	$0	–	-24,361	–	-0.98%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-24,051	–	-1.02%	–
BFA	Exit	BROWN FORMAN CORP CL	$0	–	-26,740	–	-1.05%	–
VOD	Exit	VODAFONE GROUP PLC AD	$0	–	-73,857	–	-1.07%	–
	Exit	ABBOTT LABS	$0	–	-58,572	–	-1.07%	–
	Exit	ASTRAZENECA PLC ADR	$0	–	-34,980	–	-1.10%	–
	Exit	APPLE COMPUTER INC	$0	–	-25,035	–	-1.11%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-67,118	–	-1.16%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-45,237	–	-1.18%	–
PSX	Exit	PHILLIPS 66	$0	–	-33,073	–	-1.18%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-79,924	–	-1.21%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-73,036	–	-1.21%	–
MMM	Exit	3M COMPANY	$0	–	-20,313	–	-1.27%	–
HSY	Exit	HERSHEY FOODS CORP	$0	–	-31,069	–	-1.31%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-36,888	–	-1.38%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-68,968	–	-1.40%	–
ABBV	Exit	ABBVIE INC	$0	–	-57,225	–	-1.46%	–
LLY	Exit	ELI LILLY AND COMPANY	$0	–	-53,808	–	-1.54%	–
USB	Exit	US BANCORP	$0	–	-87,993	–	-1.62%	–
IBM	Exit	I B M	$0	–	-19,930	–	-1.67%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-52,305	–	-1.76%	–
PPL	Exit	PPL CORP	$0	–	-122,393	–	-1.77%	–
KO	Exit	COCA COLA CO	$0	–	-94,857	–	-1.78%	–
PM	Exit	PHILIP MORRIS INTL IN	$0	–	-52,469	–	-1.93%	–
GE	Exit	GENERAL ELEC CO	$0	–	-175,234	–	-1.98%	–
MRK	Exit	MERCK & COMPANY	$0	–	-77,325	–	-2.02%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-43,522	–	-2.04%	–
T	Exit	A T & T INC	$0	–	-137,555	–	-2.14%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-95,796	–	-2.16%	–
PFE	Exit	PFIZER INC	$0	–	-169,446	–	-2.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-111,560	–	-2.28%	–
VZ	Exit	VERIZON COMMUNICATION	$0	–	-106,305	–	-2.34%	–
PEP	Exit	PEPSICO INC	$0	–	-70,412	–	-2.89%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-83,986	–	-3.10%	–
CVX	Exit	CHEVRON CORP	$0	–	-62,446	–	-3.28%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-125,435	–	-5.20%	–

Q3 2014

			Value		Shares		↓ Weighting
XOM	Buy	EXXON MOBIL CORP	$11,797,000	-6.1%	125,435	+0.5%	5.20%	-5.6%
CVX	Buy	CHEVRON CORP	$7,451,000	-7.5%	62,446	+1.2%	3.28%	-7.0%
PG	Buy	PROCTER & GAMBLE CO	$7,033,000	+6.9%	83,986	+0.3%	3.10%	+7.5%
PEP	Buy	PEPSICO INC	$6,555,000	+4.3%	70,412	+0.1%	2.89%	+4.9%
VZ	Buy	VERIZON COMMUNICATION	$5,314,000	+2.9%	106,305	+0.7%	2.34%	+3.4%
MSFT	Buy	MICROSOFT CORP	$5,172,000	+12.2%	111,560	+0.9%	2.28%	+12.8%
PFE	Buy	PFIZER INC	$5,011,000	+0.8%	169,446	+1.2%	2.21%	+1.4%
BMY	Buy	BRISTOL MYERS SQUIBB	$4,903,000	+6.5%	95,796	+1.0%	2.16%	+7.1%
T	Buy	A T & T INC	$4,847,000	+2.0%	137,555	+2.4%	2.14%	+2.6%
JNJ	Buy	JOHNSON & JOHNSON	$4,639,000	+3.4%	43,522	+1.5%	2.04%	+4.0%
MRK	Sell	MERCK & COMPANY	$4,584,000	+2.2%	77,325	-0.3%	2.02%	+2.7%
GE	Buy	GENERAL ELEC CO	$4,489,000	-1.2%	175,234	+1.4%	1.98%	-0.7%
PM	Sell	PHILIP MORRIS INTL IN	$4,376,000	-2.9%	52,469	-1.8%	1.93%	-2.3%
KO	Sell	COCA COLA CO	$4,047,000	-0.1%	94,857	-0.9%	1.78%	+0.4%
PPL	Buy	PPL CORP	$4,019,000	-7.5%	122,393	+0.1%	1.77%	-7.0%
COP	Buy	CONOCOPHILLIPS	$4,002,000	-8.9%	52,305	+2.1%	1.76%	-8.4%
IBM	Buy	I B M	$3,783,000	+5.6%	19,930	+0.8%	1.67%	+6.1%
USB	Buy	US BANCORP	$3,681,000	-2.9%	87,993	+0.6%	1.62%	-2.3%
LLY	Sell	ELI LILLY AND COMPANY	$3,489,000	+4.3%	53,808	-0.0%	1.54%	+4.8%
ABBV	Buy	ABBVIE INC	$3,305,000	+6.6%	57,225	+4.2%	1.46%	+7.2%
MO	Sell	ALTRIA GROUP INC	$3,168,000	+8.8%	68,968	-0.7%	1.40%	+9.3%
MPC	Buy	MARATHON PETE CORP	$3,123,000	+8.7%	36,888	+0.3%	1.38%	+9.3%
HSY	Buy	HERSHEY FOODS CORP	$2,965,000	-1.0%	31,069	+1.0%	1.31%	-0.5%
MMM	Buy	3M COMPANY	$2,878,000	-0.2%	20,313	+0.9%	1.27%	+0.2%
MRO	Sell	MARATHON OIL CORP	$2,745,000	-6.2%	73,036	-0.4%	1.21%	-5.7%
MDLZ	Buy	MONDELEZ INTL INC	$2,739,000	-8.1%	79,924	+0.9%	1.21%	-7.6%
PSX	Sell	PHILLIPS 66	$2,689,000	+0.8%	33,073	-0.3%	1.18%	+1.3%
WAG	Buy	WALGREEN COMPANY	$2,681,000	-13.5%	45,237	+8.2%	1.18%	-13.0%
SE	Buy	SPECTRA ENERGY CORP	$2,635,000	-7.5%	67,118	+0.1%	1.16%	-7.0%
	Buy	APPLE COMPUTER INC	$2,522,000	+17.6%	25,035	+8.5%	1.11%	+18.3%
	Buy	ASTRAZENECA PLC ADR	$2,499,000	-3.6%	34,980	+0.3%	1.10%	-3.1%
	Buy	ABBOTT LABS	$2,436,000	+2.6%	58,572	+0.9%	1.07%	+3.2%
VOD	Buy	VODAFONE GROUP PLC AD	$2,429,000	+17.3%	73,857	+19.1%	1.07%	+18.0%
BFA	Buy	BROWN FORMAN CORP CL	$2,385,000	-2.7%	26,740	+0.8%	1.05%	-2.1%
OXY	Buy	OCCIDENTAL PETE CORP	$2,313,000	-5.1%	24,051	+1.3%	1.02%	-4.6%
HD	Buy	HOME DEPOT INC	$2,235,000	+16.5%	24,361	+2.8%	0.98%	+17.1%
MUR	Sell	MURPHY OIL CORP	$2,090,000	-14.4%	36,717	-0.1%	0.92%	-14.0%
GIS	Buy	GENERAL MILLS INC	$2,017,000	-3.4%	39,979	+0.6%	0.89%	-2.8%
TGT	Buy	TARGET CORP	$1,932,000	+9.9%	30,822	+1.6%	0.85%	+10.5%
KRFT	Buy	KRAFT FOODS GROUP INC	$1,925,000	-5.9%	34,132	+0.0%	0.85%	-5.4%
KMB	Sell	KIMBERLY CLARK CORP	$1,814,000	-3.5%	16,868	-0.1%	0.80%	-2.9%
WMT	Buy	WAL MART STORES INC	$1,782,000	+4.5%	23,303	+2.5%	0.78%	+4.9%
JPM	Buy	J P MORGAN CHASE & CO	$1,716,000	+5.2%	28,483	+0.6%	0.76%	+5.7%
CLX	Sell	CLOROX CO	$1,685,000	+4.5%	17,550	-0.6%	0.74%	+5.1%
SLB	Buy	SCHLUMBERGER	$1,618,000	-12.4%	15,908	+1.6%	0.71%	-12.0%
	Sell	AMGEN INC	$1,597,000	+18.6%	11,367	-0.1%	0.70%	+19.3%
DOW	Buy	DOW CHEMICAL CORP	$1,571,000	+2.4%	29,962	+0.5%	0.69%	+3.0%
MCD	Sell	MCDONALDS CORP	$1,509,000	-7.9%	15,918	-2.1%	0.66%	-7.4%
CHDN	Sell	CHURCHILL DOWNS INC	$1,507,000	+7.3%	15,460	-0.8%	0.66%	+8.0%
INTC	Buy	INTEL CORP	$1,394,000	+13.2%	40,022	+0.5%	0.61%	+13.7%
	Buy	BAXTER INTL INC	$1,376,000	+41.1%	19,177	+42.2%	0.61%	+41.9%
POT	Sell	POTASH CORP SASK INC	$1,365,000	-11.1%	39,490	-2.4%	0.60%	-10.5%
WTR	Buy	AQUA AMERICA INC	$1,347,000	-9.2%	57,225	+1.1%	0.59%	-8.8%
DD	Sell	DU PONT E I DE NEMOUR	$1,323,000	+9.5%	18,439	-0.1%	0.58%	+10.0%
CSCO	Buy	CISCO SYS INC	$1,248,000	+5.9%	49,589	+4.6%	0.55%	+6.6%
DIS	Buy	DISNEY WALT PRODTNS	$1,189,000	+9.7%	13,355	+5.6%	0.52%	+10.3%
DOV	Buy	DOVER CORP	$1,117,000	-9.8%	13,909	+2.1%	0.49%	-9.4%
CAG	Buy	CONAGRA INC	$1,100,000	+101.1%	33,290	+80.7%	0.48%	+102.1%
NEE	Buy	NEXTERA ENERGY INC	$1,092,000	-7.8%	11,632	+0.6%	0.48%	-7.3%
HON	Buy	HONEYWELL INTL INC	$1,092,000	+1.0%	11,729	+0.9%	0.48%	+1.5%
EMR	Buy	EMERSON ELEC CO	$1,051,000	-1.8%	16,797	+4.2%	0.46%	-1.3%
4945SC	Buy	KINDER MORGAN EGY PTR	$1,020,000	+14.6%	10,930	+0.9%	0.45%	+15.4%
SCG	Sell	SCANA CORP	$1,001,000	-9.6%	20,175	-1.9%	0.44%	-9.1%
ETP	Sell	ENERGY TRANSFER PRTNR	$998,000	+8.8%	15,592	-1.5%	0.44%	+9.5%
K	Sell	KELLOGG CO	$995,000	-6.9%	16,150	-0.8%	0.44%	-6.4%
EPD	Buy	ENTERPRISE PRODS PTRS	$906,000	+1.7%	22,493	+97.7%	0.40%	+2.0%
	Sell	AUTOMATIC DATA PROCES	$899,000	+4.3%	10,825	-0.5%	0.40%	+4.8%
NGLS	Sell	TARGA RESOURCES PTRS	$854,000	-1.0%	11,800	-1.7%	0.38%	-0.5%
	Sell	ASHLAND INC	$845,000	-5.4%	8,114	-1.2%	0.37%	-4.9%
RTN	Sell	RAYTHEON CO	$772,000	+8.7%	7,593	-1.3%	0.34%	+9.3%
TJX	Buy	TJX COS INC NEW	$763,000	+18.7%	12,900	+6.6%	0.34%	+19.1%
CAT	Buy	CATERPILLAR INC	$756,000	-7.9%	7,630	+1.0%	0.33%	-7.5%
IP	Buy	INTERNATIONAL PAPER C	$745,000	+58.8%	15,604	+67.8%	0.33%	+59.2%
RDSA	Buy	ROYAL DUTCH SHELL PLC	$665,000	-3.3%	8,738	+4.6%	0.29%	-3.0%
VTR	Buy	VENTAS INC	$651,000	-0.8%	10,515	+2.8%	0.29%	-0.3%
WFC	Buy	WELLS FARGO & CO	$589,000	+10.3%	11,351	+11.7%	0.26%	+11.1%
PNC	Sell	PNC FINANCIAL CORP	$589,000	-4.8%	6,886	-0.9%	0.26%	-4.1%
	Buy	APACHE CORP	$585,000	-6.7%	6,237	+0.1%	0.26%	-6.2%
	Buy	AIR PRODS & CHEMS INC	$580,000	+2.3%	4,457	+1.1%	0.26%	+2.8%
	Buy	BERKSHIRE HATHAWAY IN	$575,000	+20.8%	4,165	+10.6%	0.25%	+21.1%
	Sell	AVON PRODS INC	$552,000	-21.0%	43,775	-8.6%	0.24%	-20.6%
VAL	Buy	VALSPAR CORP	$502,000	+10.1%	6,358	+6.2%	0.22%	+10.5%
GSK	Sell	GLAXOSMITHKLINE PLC A	$484,000	-21.9%	10,535	-9.1%	0.21%	-21.7%
NEM	Sell	NEWMONT MNG CORP	$479,000	-10.0%	20,775	-0.7%	0.21%	-9.4%
MUSA	Sell	MURPHY USA INC	$441,000	+7.6%	8,312	-0.9%	0.19%	+7.8%
TR	Sell	TOOTSIE ROLL INDS INC	$417,000	-5.2%	14,911	-0.3%	0.18%	-4.7%
	Buy	ALLERGAN INC	$287,000	+38.6%	1,610	+31.4%	0.13%	+38.5%
DOFSQ	Sell	DIAMOND OFFSHORE DRIL	$211,000	-40.6%	6,150	-14.0%	0.09%	-40.4%
TRV	Buy	TRAVELERS COMPANIES	$206,000	+1.5%	2,188	+1.3%	0.09%	+2.2%
ONB	Sell	OLD NATL BANCORP IND	$205,000	-12.0%	15,800	-3.1%	0.09%	-11.8%
	Exit	FIDELITY MUN TR LTD Tmut	$0	–	-10,205	–	-0.05%	–
PCL	Exit	PLUM CREEK TIMBER CO	$0	–	-4,500	–	-0.09%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-4,400	–	-0.09%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-4,000	–	-0.09%	–
HSH	Exit	HILLSHIRE BRANDS CO	$0	–	-21,920	–	-0.60%	–

Q2 2014

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$12,570,000	–	124,853	–	5.51%	–
CVX	New	CHEVRON CORP	$8,056,000	–	61,711	–	3.53%	–
PG	New	PROCTER & GAMBLE CO	$6,579,000	–	83,715	–	2.88%	–
PEP	New	PEPSICO INC	$6,284,000	–	70,337	–	2.76%	–
VZ	New	VERIZON COMMUNICATION	$5,164,000	–	105,543	–	2.26%	–
PFE	New	PFIZER INC	$4,969,000	–	167,429	–	2.18%	–
T	New	A T & T INC	$4,750,000	–	134,335	–	2.08%	–
MSFT	New	MICROSOFT CORP	$4,611,000	–	110,575	–	2.02%	–
BMY	New	BRISTOL MYERS SQUIBB	$4,602,000	–	94,870	–	2.02%	–
GE	New	GENERAL ELEC CO	$4,543,000	–	172,855	–	1.99%	–
PM	New	PHILIP MORRIS INTL IN	$4,505,000	–	53,429	–	1.98%	–
JNJ	New	JOHNSON & JOHNSON	$4,487,000	–	42,890	–	1.97%	–
MRK	New	MERCK & COMPANY	$4,487,000	–	77,564	–	1.97%	–
COP	New	CONOCOPHILLIPS	$4,394,000	–	51,253	–	1.93%	–
PPL	New	PPL CORP	$4,343,000	–	122,243	–	1.90%	–
KO	New	COCA COLA CO	$4,053,000	–	95,687	–	1.78%	–
USB	New	US BANCORP	$3,789,000	–	87,473	–	1.66%	–
IBM	New	I B M	$3,583,000	–	19,764	–	1.57%	–
LLY	New	ELI LILLY AND COMPANY	$3,346,000	–	53,827	–	1.47%	–
WAG	New	WALGREEN COMPANY	$3,101,000	–	41,827	–	1.36%	–
ABBV	New	ABBVIE INC	$3,099,000	–	54,907	–	1.36%	–
HSY	New	HERSHEY FOODS CORP	$2,996,000	–	30,767	–	1.31%	–
MDLZ	New	MONDELEZ INTL INC	$2,979,000	–	79,203	–	1.31%	–
MRO	New	MARATHON OIL CORP	$2,927,000	–	73,331	–	1.28%	–
MO	New	ALTRIA GROUP INC	$2,912,000	–	69,443	–	1.28%	–
MMM	New	3M COMPANY	$2,885,000	–	20,138	–	1.26%	–
MPC	New	MARATHON PETE CORP	$2,872,000	–	36,788	–	1.26%	–
SE	New	SPECTRA ENERGY CORP	$2,848,000	–	67,032	–	1.25%	–
PSX	New	PHILLIPS 66	$2,668,000	–	33,173	–	1.17%	–
	New	ASTRAZENECA PLC ADR	$2,592,000	–	34,880	–	1.14%	–
BFA	New	BROWN FORMAN CORP CL	$2,450,000	–	26,534	–	1.07%	–
MUR	New	MURPHY OIL CORP	$2,443,000	–	36,742	–	1.07%	–
OXY	New	OCCIDENTAL PETE CORP	$2,437,000	–	23,750	–	1.07%	–
	New	ABBOTT LABS	$2,375,000	–	58,057	–	1.04%	–
BFB	New	BROWN FORMAN CORP CL	$2,171,000	–	23,055	–	0.95%	–
	New	APPLE COMPUTER INC	$2,144,000	–	23,076	–	0.94%	–
GIS	New	GENERAL MILLS INC	$2,087,000	–	39,725	–	0.92%	–
VOD	New	VODAFONE GROUP PLC AD	$2,071,000	–	62,033	–	0.91%	–
KRFT	New	KRAFT FOODS GROUP INC	$2,045,000	–	34,115	–	0.90%	–
HD	New	HOME DEPOT INC	$1,919,000	–	23,701	–	0.84%	–
KMB	New	KIMBERLY CLARK CORP	$1,879,000	–	16,893	–	0.82%	–
SLB	New	SCHLUMBERGER	$1,847,000	–	15,656	–	0.81%	–
TGT	New	TARGET CORP	$1,758,000	–	30,343	–	0.77%	–
WMT	New	WAL MART STORES INC	$1,706,000	–	22,728	–	0.75%	–
MCD	New	MCDONALDS CORP	$1,638,000	–	16,263	–	0.72%	–
JPM	New	J P MORGAN CHASE & CO	$1,631,000	–	28,306	–	0.72%	–
CLX	New	CLOROX CO	$1,613,000	–	17,650	–	0.71%	–
POT	New	POTASH CORP SASK INC	$1,536,000	–	40,470	–	0.67%	–
DOW	New	DOW CHEMICAL CORP	$1,534,000	–	29,812	–	0.67%	–
WTR	New	AQUA AMERICA INC	$1,484,000	–	56,587	–	0.65%	–
CHDN	New	CHURCHILL DOWNS INC	$1,404,000	–	15,585	–	0.62%	–
HSH	New	HILLSHIRE BRANDS CO	$1,366,000	–	21,920	–	0.60%	–
	New	AMGEN INC	$1,346,000	–	11,374	–	0.59%	–
MMP	New	MAGELLAN MIDSTREAM PT	$1,345,000	–	16,000	–	0.59%	–
DOV	New	DOVER CORP	$1,239,000	–	13,625	–	0.54%	–
INTC	New	INTEL CORP	$1,231,000	–	39,822	–	0.54%	–
DD	New	DU PONT E I DE NEMOUR	$1,208,000	–	18,464	–	0.53%	–
NEE	New	NEXTERA ENERGY INC	$1,184,000	–	11,557	–	0.52%	–
CSCO	New	CISCO SYS INC	$1,178,000	–	47,395	–	0.52%	–
SCG	New	SCANA CORP	$1,107,000	–	20,575	–	0.48%	–
DIS	New	DISNEY WALT PRODTNS	$1,084,000	–	12,647	–	0.48%	–
HON	New	HONEYWELL INTL INC	$1,081,000	–	11,629	–	0.47%	–
EMR	New	EMERSON ELEC CO	$1,070,000	–	16,122	–	0.47%	–
K	New	KELLOGG CO	$1,069,000	–	16,275	–	0.47%	–
	New	AMERICAN WATER WORKS	$1,009,000	–	20,400	–	0.44%	–
V	New	VISA INC CLASS A	$1,006,000	–	4,775	–	0.44%	–
GGG	New	GRACO INC	$1,001,000	–	12,825	–	0.44%	–
CL	New	COLGATE PALMOLIVE CO	$977,000	–	14,327	–	0.43%	–
	New	BAXTER INTL INC	$975,000	–	13,490	–	0.43%	–
	New	INVESTMENT CO AMER CLmut	$924,000	–	23,446	–	0.40%	–
ETP	New	ENERGY TRANSFER PRTNR	$917,000	–	15,825	–	0.40%	–
EPD	New	ENTERPRISE PRODS PTRS	$891,000	–	11,380	–	0.39%	–
	New	ASHLAND INC	$893,000	–	8,214	–	0.39%	–
4945SC	New	KINDER MORGAN EGY PTR	$890,000	–	10,830	–	0.39%	–
NGLS	New	TARGA RESOURCES PTRS	$863,000	–	12,000	–	0.38%	–
	New	AUTOMATIC DATA PROCES	$862,000	–	10,875	–	0.38%	–
CAT	New	CATERPILLAR INC	$821,000	–	7,555	–	0.36%	–
UPS	New	UNITED PARCEL SVC CL	$806,000	–	7,855	–	0.35%	–
	New	AMERICAN EXPRESS CO	$788,000	–	8,310	–	0.34%	–
DUK	New	DUKE ENERGY CORP	$726,000	–	9,782	–	0.32%	–
TWX	New	TIME WARNER INC	$720,000	–	10,247	–	0.32%	–
RTN	New	RAYTHEON CO	$710,000	–	7,693	–	0.31%	–
	New	AVON PRODS INC	$699,000	–	47,875	–	0.31%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$688,000	–	8,352	–	0.30%	–
CSX	New	CSX CORP	$676,000	–	21,930	–	0.30%	–
VTR	New	VENTAS INC	$656,000	–	10,230	–	0.29%	–
TJX	New	TJX COS INC NEW	$643,000	–	12,100	–	0.28%	–
	New	APACHE CORP	$627,000	–	6,231	–	0.28%	–
GSK	New	GLAXOSMITHKLINE PLC A	$620,000	–	11,588	–	0.27%	–
	New	VANGUARD WINDSOR FD Imut	$618,000	–	28,082	–	0.27%	–
PNC	New	PNC FINANCIAL CORP	$619,000	–	6,946	–	0.27%	–
GD	New	GENERAL DYNAMICS CORP	$617,000	–	5,290	–	0.27%	–
	New	NEUBERGER & BERMAN EQmut	$600,000	–	17,923	–	0.26%	–
	New	AIR PRODS & CHEMS INC	$567,000	–	4,407	–	0.25%	–
CAG	New	CONAGRA INC	$547,000	–	18,420	–	0.24%	–
	New	VANGUARD INDEX TR 500mut	$540,000	–	2,988	–	0.24%	–
WFC	New	WELLS FARGO & CO	$534,000	–	10,160	–	0.23%	–
NEM	New	NEWMONT MNG CORP	$532,000	–	20,925	–	0.23%	–
XYL	New	XYLEM INC	$522,000	–	13,350	–	0.23%	–
UL	New	UNILEVER PLC ADR	$517,000	–	11,400	–	0.23%	–
SBUX	New	STARBUCKS CORP	$511,000	–	6,600	–	0.22%	–
	New	FIDELITY MAGELLAN FDmut	$482,000	–	5,210	–	0.21%	–
	New	BERKSHIRE HATHAWAY IN	$476,000	–	3,765	–	0.21%	–
IP	New	INTERNATIONAL PAPER C	$469,000	–	9,300	–	0.21%	–
VAL	New	VALSPAR CORP	$456,000	–	5,985	–	0.20%	–
TR	New	TOOTSIE ROLL INDS INC	$440,000	–	14,959	–	0.19%	–
	New	WASHINGTON MUT INVS Fmut	$412,000	–	9,902	–	0.18%	–
MUSA	New	MURPHY USA INC	$410,000	–	8,387	–	0.18%	–
YUM	New	YUM BRANDS INC	$402,000	–	4,948	–	0.18%	–
	New	FIRST FARMERS BANK HL	$390,000	–	15,585	–	0.17%	–
HSP	New	HOSPIRA INC	$387,000	–	7,542	–	0.17%	–
PAA	New	PLAINS ALL AMERICAN P	$381,000	–	6,340	–	0.17%	–
CMCSA	New	COMCAST CORP CL A	$379,000	–	7,067	–	0.17%	–
	New	BOEING CO	$370,000	–	2,905	–	0.16%	–
KN	New	KNOWLES CORP	$362,000	–	11,787	–	0.16%	–
DOFSQ	New	DIAMOND OFFSHORE DRIL	$355,000	–	7,150	–	0.16%	–
VFC	New	V F CORP	$353,000	–	5,600	–	0.16%	–
CPB	New	CAMPBELL SOUP CO	$341,000	–	7,440	–	0.15%	–
DDAIF	New	DAIMLER AG	$327,000	–	3,506	–	0.14%	–
DFS	New	DISCOVER FINANCIAL SV	$322,000	–	5,198	–	0.14%	–
MDT	New	MEDTRONIC INC	$319,000	–	4,997	–	0.14%	–
NGG	New	NATIONAL GRID PLC ADR	$316,000	–	4,255	–	0.14%	–
D	New	DOMINION RES INC VA	$308,000	–	4,312	–	0.14%	–
BPL	New	BUCKEYE PARTNERS L P	$291,000	–	3,500	–	0.13%	–
SYK	New	STRYKER CORP	$270,000	–	3,200	–	0.12%	–
WY	New	WEYERHAEUSER CO	$267,000	–	8,063	–	0.12%	–
	New	LEGG MASON CAP MGMT Vmut	$264,000	–	4,214	–	0.12%	–
COF	New	CAPITAL ONE FINL CORP	$259,000	–	3,134	–	0.11%	–
ITT	New	ITT CORP	$257,000	–	5,350	–	0.11%	–
LUMN	New	CENTURYLINK INC	$258,000	–	7,117	–	0.11%	–
NVS	New	NOVARTIS AG SPONS ADR	$253,000	–	2,800	–	0.11%	–
ONB	New	OLD NATL BANCORP IND	$233,000	–	16,300	–	0.10%	–
TTE	New	TOTAL S A PONS ADR	$226,000	–	3,126	–	0.10%	–
	New	DUPREE MUT FDS KY TAXmut	$226,000	–	28,587	–	0.10%	–
	New	VANGUARD EXPLORER FDmut	$224,000	–	2,119	–	0.10%	–
SO	New	SOUTHERN CO	$222,000	–	4,899	–	0.10%	–
	New	ALLSTATE CORP	$220,000	–	3,755	–	0.10%	–
F113PS	New	COVIDIEN PLC	$214,000	–	2,375	–	0.09%	–
SKT	New	TANGER FACTORY OUTLET	$214,000	–	6,120	–	0.09%	–
GOOG	New	GOOGLE INC CL C	$214,000	–	372	–	0.09%	–
GHC	New	GRAHAM HLDGS CO	$215,000	–	300	–	0.09%	–
SNY	New	SANOFI AVENTIS ADR	$215,000	–	4,050	–	0.09%	–
IMO	New	IMPERIAL OIL LTD	$211,000	–	4,000	–	0.09%	–
CINF	New	CINCINNATI FINL CORP	$211,000	–	4,400	–	0.09%	–
	New	ALLERGAN INC	$207,000	–	1,225	–	0.09%	–
PCL	New	PLUM CREEK TIMBER CO	$203,000	–	4,500	–	0.09%	–
TRV	New	TRAVELERS COMPANIES	$203,000	–	2,160	–	0.09%	–
XLS	New	EXELIS INC	$183,000	–	10,800	–	0.08%	–
	New	FIDELITY MUN TR LTD Tmut	$110,000	–	10,205	–	0.05%	–

Q4 2013

			Value		Shares		↓ Weighting
SYBTP	Exit	SY BANCORP CAP TR IIpfd	$0	–	-10,000	–	-0.05%	–
XLS	Exit	EXELIS INC	$0	–	-11,000	–	-0.09%	–
ITT	Exit	ITT CORP	$0	–	-5,600	–	-0.11%	–
CINF	Exit	CINCINNATI FINL CORP	$0	–	-4,400	–	-0.11%	–
PCL	Exit	PLUM CREEK TIMBER CO	$0	–	-4,500	–	-0.11%	–
VTR	Exit	VENTAS INC	$0	–	-3,465	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-3,200	–	-0.11%	–
	Exit	VANGUARD EXPLORER FDmut	$0	–	-2,119	–	-0.12%	–
	Exit	DUPREE MUT FDS KY TAXmut	$0	–	-28,587	–	-0.12%	–
	Exit	LEGG MASON CAP MGMT Vmut	$0	–	-4,214	–	-0.12%	–
BPL	Exit	BUCKEYE PARTNERS L P	$0	–	-3,500	–	-0.12%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-8,063	–	-0.12%	–
NVS	Exit	NOVARTIS AG SPONS ADR	$0	–	-3,000	–	-0.12%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,612	–	-0.13%	–
NGG	Exit	NATIONAL GRID PLC ADR	$0	–	-4,255	–	-0.13%	–
D	Exit	DOMINION RES INC VA	$0	–	-4,162	–	-0.14%	–
ONB	Exit	OLD NATL BANCORP IND	$0	–	-18,711	–	-0.14%	–
DFS	Exit	DISCOVER FINANCIAL SV	$0	–	-5,298	–	-0.14%	–
DDAIF	Exit	DAIMLER AG	$0	–	-3,506	–	-0.14%	–
CPB	Exit	CAMPBELL SOUP CO	$0	–	-7,240	–	-0.16%	–
CMCSA	Exit	COMCAST CORP CL A	$0	–	-6,669	–	-0.16%	–
MDT	Exit	MEDTRONIC INC	$0	–	-5,697	–	-0.16%	–
HSP	Exit	HOSPIRA INC	$0	–	-7,692	–	-0.16%	–
VFC	Exit	V F CORP	$0	–	-1,520	–	-0.16%	–
LUMN	Exit	CENTURYLINK INC	$0	–	-10,317	–	-0.17%	–
YUM	Exit	YUM BRANDS INC	$0	–	-4,653	–	-0.18%	–
PAA	Exit	PLAINS ALL AMERICAN P	$0	–	-6,340	–	-0.18%	–
XYL	Exit	XYLEM INC	$0	–	-12,200	–	-0.18%	–
WFC	Exit	WELLS FARGO & CO	$0	–	-8,509	–	-0.19%	–
	Exit	BOEING CO	$0	–	-3,065	–	-0.19%	–
MUSA	Exit	MURPHY USA INC	$0	–	-9,124	–	-0.20%	–
	Exit	WASHINGTON MUT INVS Fmut	$0	–	-10,256	–	-0.20%	–
	Exit	FIRST FARMERS BANK HL	$0	–	-15,585	–	-0.21%	–
TR	Exit	TOOTSIE ROLL INDS INC	$0	–	-13,153	–	-0.21%	–
UL	Exit	UNILEVER PLC ADR	$0	–	-11,400	–	-0.23%	–
GSK	Exit	GLAXOSMITHKLINE PLC A	$0	–	-8,994	–	-0.24%	–
DOFSQ	Exit	DIAMOND OFFSHORE DRIL	$0	–	-7,400	–	-0.24%	–
	Exit	VANGUARD INDEX TR 500mut	$0	–	-2,988	–	-0.24%	–
	Exit	AIR PRODS & CHEMS INC	$0	–	-4,350	–	-0.25%	–
	Exit	FIDELITY MAGELLAN FDmut	$0	–	-5,210	–	-0.25%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-5,390	–	-0.25%	–
CSX	Exit	CSX CORP	$0	–	-19,095	–	-0.26%	–
CAT	Exit	CATERPILLAR INC	$0	–	-5,890	–	-0.26%	–
	Exit	BERKSHIRE HATHAWAY IN	$0	–	-4,395	–	-0.26%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-7,473	–	-0.26%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-6,600	–	-0.27%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC	$0	–	-7,886	–	-0.27%	–
4945SC	Exit	KINDER MORGAN EGY PTR	$0	–	-6,530	–	-0.28%	–
	Exit	APACHE CORP	$0	–	-6,146	–	-0.28%	–
	Exit	VANGUARD WINDSOR FD Imut	$0	–	-28,082	–	-0.28%	–
PNC	Exit	PNC FINANCIAL CORP	$0	–	-7,411	–	-0.28%	–
	Exit	BEAM INC	$0	–	-8,300	–	-0.28%	–
RTN	Exit	RAYTHEON CO	$0	–	-7,618	–	-0.31%	–
K	Exit	KELLOGG CO	$0	–	-10,084	–	-0.31%	–
	Exit	NEUBERGER & BERMAN EQmut	$0	–	-17,923	–	-0.32%	–
	Exit	AMERICAN EXPRESS CO	$0	–	-8,610	–	-0.34%	–
TWX	Exit	TIME WARNER INC	$0	–	-9,987	–	-0.35%	–
NEM	Exit	NEWMONT MNG CORP	$0	–	-23,600	–	-0.35%	–
EPD	Exit	ENTERPRISE PRODS PTRS	$0	–	-11,380	–	-0.37%	–
NGLS	Exit	TARGA RESOURCES PTRS	$0	–	-13,800	–	-0.38%	–
UPS	Exit	UNITED PARCEL SVC CL	$0	–	-7,805	–	-0.38%	–
TJX	Exit	TJX COS INC NEW	$0	–	-13,200	–	-0.39%	–
	Exit	ASHLAND INC	$0	–	-8,214	–	-0.40%	–
DIS	Exit	DISNEY WALT PRODTNS	$0	–	-11,772	–	-0.40%	–
INTC	Exit	INTEL CORP	$0	–	-34,612	–	-0.42%	–
	Exit	AUTOMATIC DATA PROCES	$0	–	-11,000	–	-0.42%	–
	Exit	INVESTMENT CO AMER CLmut	$0	–	-22,869	–	-0.43%	–
	Exit	AMERICAN WATER WORKS	$0	–	-20,700	–	-0.45%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-14,429	–	-0.45%	–
ETP	Exit	ENERGY TRANSFER PRTNR	$0	–	-16,550	–	-0.46%	–
CSCO	Exit	CISCO SYS INC	$0	–	-37,737	–	-0.47%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-11,237	–	-0.48%	–
MMP	Exit	MAGELLAN MIDSTREAM PT	$0	–	-16,000	–	-0.48%	–
HSH	Exit	HILLSHIRE BRANDS CO	$0	–	-29,810	–	-0.48%	–
V	Exit	VISA INC CLASS A	$0	–	-4,900	–	-0.50%	–
SCG	Exit	SCANA CORP	$0	–	-20,775	–	-0.51%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-11,654	–	-0.51%	–
GGG	Exit	GRACO INC	$0	–	-13,175	–	-0.52%	–
DD	Exit	DU PONT E I DE NEMOUR	$0	–	-16,739	–	-0.52%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-31,635	–	-0.52%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-15,877	–	-0.54%	–
DOV	Exit	DOVER CORP	$0	–	-11,475	–	-0.55%	–
DOW	Exit	DOW CHEMICAL CORP	$0	–	-26,897	–	-0.55%	–
	Exit	AVON PRODS INC	$0	–	-51,775	–	-0.56%	–
	Exit	APPLE COMPUTER INC	$0	–	-2,360	–	-0.60%	–
	Exit	AMGEN INC	$0	–	-11,474	–	-0.68%	–
WTR	Exit	AQUA AMERICA INC	$0	–	-52,210	–	-0.68%	–
SLB	Exit	SCHLUMBERGER	$0	–	-15,866	–	-0.74%	–
CHDN	Exit	CHURCHILL DOWNS INC	$0	–	-17,065	–	-0.78%	–
CLX	Exit	CLOROX CO	$0	–	-18,100	–	-0.78%	–
BFB	Exit	BROWN FORMAN CORP CL	$0	–	-22,443	–	-0.81%	–
MCD	Exit	MCDONALDS CORP	$0	–	-16,018	–	-0.82%	–
BFA	Exit	BROWN FORMAN CORP CL	$0	–	-23,557	–	-0.82%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-16,898	–	-0.84%	–
TGT	Exit	TARGET CORP	$0	–	-24,908	–	-0.84%	–
WMT	Exit	WAL MART STORES INC	$0	–	-21,848	–	-0.86%	–
JPM	Exit	J P MORGAN CHASE & CO	$0	–	-31,624	–	-0.86%	–
KRFT	Exit	KRAFT FOODS GROUP INC	$0	–	-32,504	–	-0.90%	–
	Exit	ASTRAZENECA PLC ADR	$0	–	-33,816	–	-0.93%	–
HD	Exit	HOME DEPOT INC	$0	–	-24,401	–	-0.98%	–
	Exit	ABBOTT LABS	$0	–	-56,007	–	-0.98%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-38,875	–	-0.99%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-19,950	–	-0.99%	–
PSX	Exit	PHILLIPS 66	$0	–	-33,619	–	-1.03%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-62,864	–	-1.14%	–
WAG	Exit	WALGREEN COMPANY	$0	–	-40,792	–	-1.16%	–
MUR	Exit	MURPHY OIL CORP	$0	–	-36,527	–	-1.17%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-69,263	–	-1.26%	–
MDLZ	Exit	MONDELEZ INTL INC	$0	–	-75,732	–	-1.26%	–
MMM	Exit	3M COMPANY	$0	–	-20,438	–	-1.29%	–
ABBV	Exit	ABBVIE INC	$0	–	-54,607	–	-1.29%	–
LLY	Exit	ELI LILLY AND COMPANY	$0	–	-49,522	–	-1.32%	–
MPC	Exit	MARATHON PETE CORP	$0	–	-38,844	–	-1.32%	–
MRO	Exit	MARATHON OIL CORP	$0	–	-74,249	–	-1.37%	–
HSY	Exit	HERSHEY FOODS CORP	$0	–	-32,192	–	-1.58%	–
VOD	Exit	VODAFONE GROUP INC	$0	–	-88,353	–	-1.64%	–
VZ	Exit	VERIZON COMMUNICATION	$0	–	-68,194	–	-1.68%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-47,104	–	-1.73%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-100,660	–	-1.77%	–
USB	Exit	US BANCORP	$0	–	-91,813	–	-1.78%	–
MRK	Exit	MERCK & COMPANY	$0	–	-72,429	–	-1.82%	–
IBM	Exit	I B M	$0	–	-19,113	–	-1.87%	–
GE	Exit	GENERAL ELEC CO	$0	–	-152,298	–	-1.92%	–
KO	Exit	COCA COLA CO	$0	–	-96,059	–	-1.93%	–
PPL	Exit	PPL CORP	$0	–	-119,943	–	-1.93%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-43,665	–	-2.00%	–
T	Exit	A T & T INC	$0	–	-113,981	–	-2.04%	–
BMY	Exit	BRISTOL MYERS SQUIBB	$0	–	-88,385	–	-2.16%	–
PM	Exit	PHILIP MORRIS INTL IN	$0	–	-51,454	–	-2.36%	–
PFE	Exit	PFIZER INC	$0	–	-156,866	–	-2.38%	–
PEP	Exit	PEPSICO INC	$0	–	-68,672	–	-2.89%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-81,514	–	-3.26%	–
CVX	Exit	CHEVRON CORP	$0	–	-63,644	–	-4.09%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-129,312	–	-5.89%	–

Q3 2013

			Value		Shares		↓ Weighting
XOM	Sell	EXXON MOBIL CORP	$11,126,000	-6.2%	129,312	-1.5%	5.89%	-8.0%
CVX	Sell	CHEVRON CORP	$7,733,000	+0.5%	63,644	-2.2%	4.09%	-1.5%
PG	Sell	PROCTER & GAMBLE CO	$6,162,000	-2.1%	81,514	-0.3%	3.26%	-4.1%
PEP	Sell	PEPSICO INC	$5,459,000	-3.5%	68,672	-0.7%	2.89%	-5.4%
PFE	Sell	PFIZER INC	$4,506,000	+2.4%	156,866	-0.2%	2.38%	+0.3%
PM	Buy	PHILIP MORRIS INTL IN	$4,455,000	+1.1%	51,454	+1.2%	2.36%	-0.8%
BMY	Sell	BRISTOL MYERS SQUIBB	$4,090,000	+2.8%	88,385	-0.7%	2.16%	+0.8%
T	Buy	A T & T INC	$3,855,000	-1.7%	113,981	+2.9%	2.04%	-3.6%
JNJ	Sell	JOHNSON & JOHNSON	$3,785,000	+0.7%	43,665	-0.2%	2.00%	-1.3%
PPL	Buy	PPL CORP	$3,644,000	+1.2%	119,943	+0.8%	1.93%	-0.8%
KO	Buy	COCA COLA CO	$3,639,000	-5.1%	96,059	+0.5%	1.93%	-7.0%
GE	Sell	GENERAL ELEC CO	$3,638,000	+2.8%	152,298	-0.2%	1.92%	+0.7%
IBM	Buy	I B M	$3,539,000	-1.5%	19,113	+1.7%	1.87%	-3.4%
MRK	Sell	MERCK & COMPANY	$3,448,000	+2.3%	72,429	-0.1%	1.82%	+0.3%
USB	Sell	US BANCORP	$3,359,000	+0.9%	91,813	-0.3%	1.78%	-1.1%
MSFT	Sell	MICROSOFT CORP	$3,350,000	-4.8%	100,660	-1.2%	1.77%	-6.7%
COP	Buy	CONOCOPHILLIPS	$3,274,000	+15.0%	47,104	+0.1%	1.73%	+12.7%
VZ	Buy	VERIZON COMMUNICATION	$3,183,000	-3.1%	68,194	+4.5%	1.68%	-5.0%
VOD	Buy	VODAFONE GROUP INC	$3,108,000	+29.6%	88,353	+5.9%	1.64%	+27.0%
MRO	Sell	MARATHON OIL CORP	$2,590,000	-0.7%	74,249	-1.6%	1.37%	-2.7%
MPC	Sell	MARATHON PETE CORP	$2,498,000	-10.7%	38,844	-1.3%	1.32%	-12.5%
LLY	Sell	ELI LILLY AND COMPANY	$2,492,000	+2.4%	49,522	-0.1%	1.32%	+0.4%
ABBV	Sell	ABBVIE INC	$2,443,000	+8.0%	54,607	-0.2%	1.29%	+5.8%
MMM	Sell	3M COMPANY	$2,441,000	+7.4%	20,438	-1.7%	1.29%	+5.3%
MDLZ	Buy	MONDELEZ INTL INC	$2,380,000	+18.8%	75,732	+7.9%	1.26%	+16.6%
MO	Buy	ALTRIA GROUP INC	$2,379,000	-0.2%	69,263	+1.7%	1.26%	-2.2%
MUR	Buy	MURPHY OIL CORP	$2,203,000	-0.1%	36,527	+0.8%	1.17%	-2.1%
WAG	Buy	WALGREEN COMPANY	$2,195,000	+23.0%	40,792	+1.1%	1.16%	+20.7%
SE	Buy	SPECTRA ENERGY CORP	$2,152,000	+0.5%	62,864	+1.1%	1.14%	-1.5%
PSX	Sell	PHILLIPS 66	$1,944,000	-2.0%	33,619	-0.1%	1.03%	-3.9%
OXY	Buy	OCCIDENTAL PETE CORP	$1,866,000	+9.6%	19,950	+4.5%	0.99%	+7.5%
GIS	Sell	GENERAL MILLS INC	$1,863,000	-1.7%	38,875	-0.5%	0.99%	-3.7%
	Sell	ABBOTT LABS	$1,859,000	-4.9%	56,007	-0.1%	0.98%	-6.7%
HD	Sell	HOME DEPOT INC	$1,851,000	-3.6%	24,401	-1.6%	0.98%	-5.5%
	Buy	ASTRAZENECA PLC ADR	$1,756,000	+16.1%	33,816	+5.8%	0.93%	+13.8%
KRFT	Sell	KRAFT FOODS GROUP INC	$1,706,000	-6.5%	32,504	-0.5%	0.90%	-8.3%
JPM	Sell	J P MORGAN CHASE & CO	$1,635,000	-3.6%	31,624	-1.6%	0.86%	-5.6%
KMB	Sell	KIMBERLY CLARK CORP	$1,592,000	-4.2%	16,898	-1.2%	0.84%	-6.0%
BFA	Buy	BROWN FORMAN CORP CL	$1,559,000	+1.8%	23,557	+4.1%	0.82%	-0.2%
MCD	Buy	MCDONALDS CORP	$1,541,000	-2.2%	16,018	+0.6%	0.82%	-4.1%
BFB	Buy	BROWN FORMAN CORP CL	$1,529,000	+3.7%	22,443	+2.8%	0.81%	+1.6%
CHDN	Sell	CHURCHILL DOWNS INC	$1,476,000	+8.9%	17,065	-0.7%	0.78%	+6.7%
SLB	Buy	SCHLUMBERGER	$1,402,000	+23.7%	15,866	+0.3%	0.74%	+21.2%
WTR	Buy	AQUA AMERICA INC	$1,291,000	-1.7%	52,210	+24.4%	0.68%	-3.7%
	Sell	AMGEN INC	$1,284,000	+13.2%	11,474	-0.2%	0.68%	+11.1%
	Buy	APPLE COMPUTER INC	$1,125,000	+21.5%	2,360	+1.1%	0.60%	+19.0%
	Sell	AVON PRODS INC	$1,067,000	-2.7%	51,775	-0.8%	0.56%	-4.6%
DOW	Buy	DOW CHEMICAL CORP	$1,033,000	+20.4%	26,897	+0.8%	0.55%	+18.1%
DOV	Sell	DOVER CORP	$1,031,000	+13.2%	11,475	-2.1%	0.55%	+11.0%
EMR	Sell	EMERSON ELEC CO	$1,027,000	+17.9%	15,877	-0.6%	0.54%	+15.7%
POT	Buy	POTASH CORP SASK INC	$990,000	+23.1%	31,635	+50.1%	0.52%	+20.7%
DD	Sell	DU PONT E I DE NEMOUR	$980,000	+10.9%	16,739	-0.6%	0.52%	+8.8%
GGG	Sell	GRACO INC	$976,000	+16.3%	13,175	-0.8%	0.52%	+14.1%
HSH	Buy	HILLSHIRE BRANDS CO	$916,000	-6.4%	29,810	+0.7%	0.48%	-8.3%
NEE	Buy	NEXTERA ENERGY INC	$901,000	-0.7%	11,237	+0.9%	0.48%	-2.7%
CSCO	Buy	CISCO SYS INC	$884,000	-3.6%	37,737	+0.2%	0.47%	-5.5%
CL	Sell	COLGATE PALMOLIVE CO	$856,000	+1.3%	14,429	-2.2%	0.45%	-0.7%
	Sell	INVESTMENT CO AMER CLmut	$817,000	+1.7%	22,869	-4.1%	0.43%	-0.5%
INTC	Sell	INTEL CORP	$793,000	-6.4%	34,612	-1.0%	0.42%	-8.1%
	Buy	ASHLAND INC	$760,000	+10.9%	8,214	+0.2%	0.40%	+8.6%
DIS	Buy	DISNEY WALT PRODTNS	$759,000	+4.1%	11,772	+1.9%	0.40%	+2.0%
TJX	Sell	TJX COS INC NEW	$744,000	+4.6%	13,200	-7.0%	0.39%	+2.6%
NGLS	Buy	TARGA RESOURCES PTRS	$710,000	+2.7%	13,800	+0.7%	0.38%	+0.8%
NEM	Buy	NEWMONT MNG CORP	$663,000	-1.6%	23,600	+4.9%	0.35%	-3.6%
	Buy	BEAM INC	$537,000	+8.5%	8,300	+5.7%	0.28%	+6.4%
	Buy	APACHE CORP	$523,000	+3.2%	6,146	+1.7%	0.28%	+1.1%
RDSA	Buy	ROYAL DUTCH SHELL PLC	$518,000	+4.6%	7,886	+1.6%	0.27%	+2.6%
	Sell	BERKSHIRE HATHAWAY IN	$499,000	-0.2%	4,395	-1.6%	0.26%	-2.2%
DUK	Buy	DUKE ENERGY CORP	$499,000	+0.2%	7,473	+1.4%	0.26%	-1.9%
CAT	Buy	CATERPILLAR INC	$491,000	+28.9%	5,890	+27.6%	0.26%	+26.2%
GSK	Sell	GLAXOSMITHKLINE PLC A	$451,000	-12.6%	8,994	-12.8%	0.24%	-14.3%
	Sell	WASHINGTON MUT INVS Fmut	$379,000	-6.9%	10,256	-10.6%	0.20%	-8.6%
MUSA	New	MURPHY USA INC	$369,000	–	9,124	–	0.20%	–
WFC	Sell	WELLS FARGO & CO	$352,000	-0.8%	8,509	-1.2%	0.19%	-3.1%
XYL	Buy	XYLEM INC	$341,000	+7.2%	12,200	+3.4%	0.18%	+4.7%
YUM	Buy	YUM BRANDS INC	$332,000	+5.1%	4,653	+2.2%	0.18%	+2.9%
LUMN	Sell	CENTURYLINK INC	$324,000	-25.5%	10,317	-16.2%	0.17%	-27.2%
CPB	Buy	CAMPBELL SOUP CO	$295,000	-7.8%	7,240	+1.4%	0.16%	-9.8%
ONB	Sell	OLD NATL BANCORP IND	$266,000	-3.3%	18,711	-5.8%	0.14%	-4.7%
COF	Sell	CAPITAL ONE FINL CORP	$248,000	+4.2%	3,612	-4.8%	0.13%	+2.3%
NVS	Sell	NOVARTIS AG SPONS ADR	$230,000	-12.2%	3,000	-18.9%	0.12%	-13.5%
	New	VANGUARD EXPLORER FDmut	$222,000	–	2,119	–	0.12%	–
PCL	New	PLUM CREEK TIMBER CO	$211,000	–	4,500	–	0.11%	–
CINF	Sell	CINCINNATI FINL CORP	$208,000	-5.5%	4,400	-8.3%	0.11%	-7.6%
ITT	New	ITT CORP	$201,000	–	5,600	–	0.11%	–
XLS	Sell	EXELIS INC	$173,000	+13.1%	11,000	-0.9%	0.09%	+10.8%
	Exit	ANNALY CAP MGMT INC	$0	–	-11,000	–	-0.08%	–
SAI	Exit	SAIC INC	$0	–	-14,604	–	-0.11%	–

Q2 2013

			Value		Shares		↓ Weighting
XOM	New	EXXON MOBIL CORP	$11,856,000	–	131,227	–	6.40%	–
CVX	New	CHEVRON CORP	$7,697,000	–	65,044	–	4.16%	–
PG	New	PROCTER & GAMBLE CO	$6,295,000	–	81,759	–	3.40%	–
PEP	New	PEPSICO INC	$5,658,000	–	69,172	–	3.06%	–
PM	New	PHILIP MORRIS INTL IN	$4,405,000	–	50,849	–	2.38%	–
PFE	New	PFIZER INC	$4,402,000	–	157,160	–	2.38%	–
BMY	New	BRISTOL MYERS SQUIBB	$3,978,000	–	89,010	–	2.15%	–
T	New	A T & T INC	$3,920,000	–	110,736	–	2.12%	–
KO	New	COCA COLA CO	$3,835,000	–	95,609	–	2.07%	–
JNJ	New	JOHNSON & JOHNSON	$3,758,000	–	43,765	–	2.03%	–
PPL	New	PPL CORP	$3,601,000	–	119,018	–	1.94%	–
IBM	New	I B M	$3,592,000	–	18,796	–	1.94%	–
GE	New	GENERAL ELEC CO	$3,539,000	–	152,592	–	1.91%	–
MSFT	New	MICROSOFT CORP	$3,520,000	–	101,910	–	1.90%	–
MRK	New	MERCK & COMPANY	$3,369,000	–	72,529	–	1.82%	–
USB	New	US BANCORP	$3,330,000	–	92,113	–	1.80%	–
VZ	New	VERIZON COMMUNICATION	$3,286,000	–	65,286	–	1.77%	–
HSY	New	HERSHEY FOODS CORP	$2,874,000	–	32,192	–	1.55%	–
COP	New	CONOCOPHILLIPS	$2,848,000	–	47,079	–	1.54%	–
MPC	New	MARATHON PETE CORP	$2,796,000	–	39,344	–	1.51%	–
MRO	New	MARATHON OIL CORP	$2,609,000	–	75,449	–	1.41%	–
LLY	New	ELI LILLY AND COMPANY	$2,434,000	–	49,547	–	1.31%	–
VOD	New	VODAFONE GROUP INC	$2,399,000	–	83,452	–	1.30%	–
MO	New	ALTRIA GROUP INC	$2,383,000	–	68,113	–	1.29%	–
MMM	New	3M COMPANY	$2,273,000	–	20,788	–	1.23%	–
ABBV	New	ABBVIE INC	$2,263,000	–	54,732	–	1.22%	–
MUR	New	MURPHY OIL CORP	$2,206,000	–	36,227	–	1.19%	–
SE	New	SPECTRA ENERGY CORP	$2,142,000	–	62,170	–	1.16%	–
MDLZ	New	MONDELEZ INTL INC	$2,003,000	–	70,207	–	1.08%	–
PSX	New	PHILLIPS 66	$1,983,000	–	33,669	–	1.07%	–
	New	ABBOTT LABS	$1,955,000	–	56,057	–	1.06%	–
HD	New	HOME DEPOT INC	$1,921,000	–	24,801	–	1.04%	–
GIS	New	GENERAL MILLS INC	$1,896,000	–	39,075	–	1.02%	–
KRFT	New	KRAFT FOODS GROUP INC	$1,825,000	–	32,670	–	0.98%	–
WAG	New	WALGREEN COMPANY	$1,784,000	–	40,367	–	0.96%	–
TGT	New	TARGET CORP	$1,715,000	–	24,908	–	0.93%	–
OXY	New	OCCIDENTAL PETE CORP	$1,703,000	–	19,085	–	0.92%	–
JPM	New	J P MORGAN CHASE & CO	$1,696,000	–	32,124	–	0.92%	–
KMB	New	KIMBERLY CLARK CORP	$1,661,000	–	17,098	–	0.90%	–
WMT	New	WAL MART STORES INC	$1,627,000	–	21,848	–	0.88%	–
MCD	New	MCDONALDS CORP	$1,576,000	–	15,918	–	0.85%	–
BFA	New	BROWN FORMAN CORP CL	$1,531,000	–	22,632	–	0.83%	–
	New	ASTRAZENECA PLC ADR	$1,512,000	–	31,956	–	0.82%	–
CLX	New	CLOROX CO	$1,505,000	–	18,100	–	0.81%	–
BFB	New	BROWN FORMAN CORP CL	$1,474,000	–	21,826	–	0.80%	–
CHDN	New	CHURCHILL DOWNS INC	$1,355,000	–	17,190	–	0.73%	–
WTR	New	AQUA AMERICA INC	$1,313,000	–	41,973	–	0.71%	–
SLB	New	SCHLUMBERGER	$1,133,000	–	15,816	–	0.61%	–
	New	AMGEN INC	$1,134,000	–	11,499	–	0.61%	–
	New	AVON PRODS INC	$1,097,000	–	52,175	–	0.59%	–
SCG	New	SCANA CORP	$1,020,000	–	20,775	–	0.55%	–
HSH	New	HILLSHIRE BRANDS CO	$979,000	–	29,610	–	0.53%	–
	New	APPLE COMPUTER INC	$926,000	–	2,335	–	0.50%	–
HON	New	HONEYWELL INTL INC	$925,000	–	11,654	–	0.50%	–
CSCO	New	CISCO SYS INC	$917,000	–	37,673	–	0.50%	–
DOV	New	DOVER CORP	$911,000	–	11,725	–	0.49%	–
NEE	New	NEXTERA ENERGY INC	$907,000	–	11,137	–	0.49%	–
V	New	VISA INC CLASS A	$895,000	–	4,900	–	0.48%	–
DD	New	DU PONT E I DE NEMOUR	$884,000	–	16,839	–	0.48%	–
MMP	New	MAGELLAN MIDSTREAM PT	$872,000	–	16,000	–	0.47%	–
EMR	New	EMERSON ELEC CO	$871,000	–	15,977	–	0.47%	–
DOW	New	DOW CHEMICAL CORP	$858,000	–	26,672	–	0.46%	–
	New	AMERICAN WATER WORKS	$853,000	–	20,700	–	0.46%	–
INTC	New	INTEL CORP	$847,000	–	34,962	–	0.46%	–
CL	New	COLGATE PALMOLIVE CO	$845,000	–	14,754	–	0.46%	–
GGG	New	GRACO INC	$839,000	–	13,275	–	0.45%	–
ETP	New	ENERGY TRANSFER PRTNR	$836,000	–	16,550	–	0.45%	–
POT	New	POTASH CORP SASK INC	$804,000	–	21,075	–	0.43%	–
	New	INVESTMENT CO AMER CLmut	$803,000	–	23,859	–	0.43%	–
	New	AUTOMATIC DATA PROCES	$757,000	–	11,000	–	0.41%	–
DIS	New	DISNEY WALT PRODTNS	$729,000	–	11,547	–	0.39%	–
TJX	New	TJX COS INC NEW	$711,000	–	14,200	–	0.38%	–
EPD	New	ENTERPRISE PRODS PTRS	$707,000	–	11,380	–	0.38%	–
NGLS	New	TARGA RESOURCES PTRS	$691,000	–	13,700	–	0.37%	–
	New	ASHLAND INC	$685,000	–	8,200	–	0.37%	–
NEM	New	NEWMONT MNG CORP	$674,000	–	22,500	–	0.36%	–
UPS	New	UNITED PARCEL SVC CL	$675,000	–	7,805	–	0.36%	–
K	New	KELLOGG CO	$648,000	–	10,084	–	0.35%	–
	New	AMERICAN EXPRESS CO	$644,000	–	8,610	–	0.35%	–
TWX	New	TIME WARNER INC	$577,000	–	9,987	–	0.31%	–
	New	NEUBERGER & BERMAN EQmut	$569,000	–	17,923	–	0.31%	–
4945SC	New	KINDER MORGAN EGY PTR	$558,000	–	6,530	–	0.30%	–
PNC	New	PNC FINANCIAL CORP	$540,000	–	7,411	–	0.29%	–
GSK	New	GLAXOSMITHKLINE PLC A	$516,000	–	10,319	–	0.28%	–
DOFSQ	New	DIAMOND OFFSHORE DRIL	$509,000	–	7,400	–	0.28%	–
	New	APACHE CORP	$507,000	–	6,046	–	0.27%	–
RTN	New	RAYTHEON CO	$504,000	–	7,618	–	0.27%	–
	New	BERKSHIRE HATHAWAY IN	$500,000	–	4,465	–	0.27%	–
DUK	New	DUKE ENERGY CORP	$498,000	–	7,373	–	0.27%	–
	New	VANGUARD WINDSOR FD Imut	$496,000	–	28,082	–	0.27%	–
	New	BEAM INC	$495,000	–	7,850	–	0.27%	–
RDSA	New	ROYAL DUTCH SHELL PLC	$495,000	–	7,761	–	0.27%	–
UL	New	UNILEVER PLC ADR	$461,000	–	11,400	–	0.25%	–
CSX	New	CSX CORP	$443,000	–	19,095	–	0.24%	–
	New	VANGUARD INDEX TR 500mut	$442,000	–	2,988	–	0.24%	–
LUMN	New	CENTURYLINK INC	$435,000	–	12,317	–	0.24%	–
SBUX	New	STARBUCKS CORP	$432,000	–	6,600	–	0.23%	–
	New	FIDELITY MAGELLAN FDmut	$426,000	–	5,210	–	0.23%	–
GD	New	GENERAL DYNAMICS CORP	$422,000	–	5,390	–	0.23%	–
TR	New	TOOTSIE ROLL INDS INC	$418,000	–	13,153	–	0.23%	–
	New	WASHINGTON MUT INVS Fmut	$407,000	–	11,477	–	0.22%	–
	New	AIR PRODS & CHEMS INC	$398,000	–	4,350	–	0.22%	–
	New	FIRST FARMERS BANK HL	$390,000	–	15,585	–	0.21%	–
CAT	New	CATERPILLAR INC	$381,000	–	4,615	–	0.21%	–
WFC	New	WELLS FARGO & CO	$355,000	–	8,608	–	0.19%	–
PAA	New	PLAINS ALL AMERICAN P	$354,000	–	6,340	–	0.19%	–
CPB	New	CAMPBELL SOUP CO	$320,000	–	7,140	–	0.17%	–
XYL	New	XYLEM INC	$318,000	–	11,800	–	0.17%	–
YUM	New	YUM BRANDS INC	$316,000	–	4,553	–	0.17%	–
	New	BOEING CO	$314,000	–	3,065	–	0.17%	–
HSP	New	HOSPIRA INC	$295,000	–	7,692	–	0.16%	–
VFC	New	V F CORP	$293,000	–	1,520	–	0.16%	–
MDT	New	MEDTRONIC INC	$293,000	–	5,697	–	0.16%	–
CMCSA	New	COMCAST CORP CL A	$278,000	–	6,669	–	0.15%	–
ONB	New	OLD NATL BANCORP IND	$275,000	–	19,862	–	0.15%	–
NVS	New	NOVARTIS AG SPONS ADR	$262,000	–	3,700	–	0.14%	–
DFS	New	DISCOVER FINANCIAL SV	$252,000	–	5,298	–	0.14%	–
BPL	New	BUCKEYE PARTNERS L P	$246,000	–	3,500	–	0.13%	–
NGG	New	NATIONAL GRID PLC ADR	$241,000	–	4,255	–	0.13%	–
VTR	New	VENTAS INC	$241,000	–	3,465	–	0.13%	–
COF	New	CAPITAL ONE FINL CORP	$238,000	–	3,796	–	0.13%	–
D	New	DOMINION RES INC VA	$236,000	–	4,162	–	0.13%	–
WY	New	WEYERHAEUSER CO	$230,000	–	8,063	–	0.12%	–
CINF	New	CINCINNATI FINL CORP	$220,000	–	4,800	–	0.12%	–
	New	DUPREE MUT FDS KY TAXmut	$221,000	–	28,587	–	0.12%	–
DDAIF	New	DAIMLER AG	$212,000	–	3,506	–	0.11%	–
	New	LEGG MASON CAP MGMT Vmut	$207,000	–	4,214	–	0.11%	–
SYK	New	STRYKER CORP	$207,000	–	3,200	–	0.11%	–
SAI	New	SAIC INC	$203,000	–	14,604	–	0.11%	–
XLS	New	EXELIS INC	$153,000	–	11,100	–	0.08%	–
	New	ANNALY CAP MGMT INC	$138,000	–	11,000	–	0.08%	–
SYBTP	New	SY BANCORP CAP TR IIpfd	$107,000	–	10,000	–	0.06%	–

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Export Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings