ARS Wealth Advisors, LLC Activity Q4 2013-Q2 2021

Q2 2021

			Value		Shares		↓ Weighting
JAGG	New	J P MORGAN EXCHANGE-TRADED Fus aggregate etf	$46,968,000	–	862,426	–	8.44%	–
SPTM	New	SPDR SER TRportfoli s&p1500	$44,386,000	–	837,950	–	7.98%	–
USMV	New	ISHARES TRmsci usa min vol	$42,278,000	–	574,357	–	7.60%	–
SRLN	New	SSGA ACTIVE ETF TRblackstone senr	$40,472,000	–	874,312	–	7.28%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$27,684,000	–	436,728	–	4.98%	–
AAPL	New	APPLE INC	$24,545,000	–	179,211	–	4.41%	–
PGF	New	INVESCO EXCHANGE TRADED FD Tfinl pfd etf	$20,417,000	–	1,058,423	–	3.67%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$20,338,000	–	137,733	–	3.66%	–
MSFT	New	MICROSOFT CORP	$18,799,000	–	69,394	–	3.38%	–
PG	New	PROCTER AND GAMBLE CO	$17,464,000	–	129,432	–	3.14%	–
AMZN	New	AMAZON COM INC	$13,891,000	–	4,038	–	2.50%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$11,618,000	–	66,903	–	2.09%	–
KIM	New	KIMCO RLTY CORP	$11,577,000	–	555,258	–	2.08%	–
XOM	New	EXXON MOBIL CORP	$11,571,000	–	183,438	–	2.08%	–
JPM	New	JPMORGAN CHASE & CO	$10,843,000	–	69,710	–	1.95%	–
GLD	New	SPDR GOLD TR	$10,597,000	–	63,982	–	1.90%	–
QUAL	New	ISHARES TRmsci usa qlt fct	$10,058,000	–	75,696	–	1.81%	–
MA	New	MASTERCARD INCORPORATEDcl a	$9,080,000	–	24,870	–	1.63%	–
CVS	New	CVS HEALTH CORP	$9,016,000	–	108,058	–	1.62%	–
GOOG	New	ALPHABET INCcap stk cl c	$8,173,000	–	3,261	–	1.47%	–
DUK	New	DUKE ENERGY CORP NEW	$8,104,000	–	82,090	–	1.46%	–
MRK	New	MERCK & CO INC	$7,472,000	–	96,074	–	1.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$7,045,000	–	125,731	–	1.27%	–
DIS	New	DISNEY WALT CO	$6,950,000	–	39,541	–	1.25%	–
HD	New	HOME DEPOT INC	$6,264,000	–	19,645	–	1.13%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$5,624,000	–	67,993	–	1.01%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,603,000	–	20,160	–	1.01%	–
INTC	New	INTEL CORP	$4,950,000	–	88,168	–	0.89%	–
MMM	New	3M CO	$4,913,000	–	24,732	–	0.88%	–
PEP	New	PEPSICO INC	$4,311,000	–	29,098	–	0.78%	–
FB	New	FACEBOOK INCcl a	$4,129,000	–	11,876	–	0.74%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$4,056,000	–	47,542	–	0.73%	–
JNJ	New	JOHNSON & JOHNSON	$4,007,000	–	24,326	–	0.72%	–
HON	New	HONEYWELL INTL INC	$3,581,000	–	16,327	–	0.64%	–
GOOGL	New	ALPHABET INCcap stk cl a	$3,067,000	–	1,256	–	0.55%	–
MCD	New	MCDONALDS CORP	$2,933,000	–	12,699	–	0.53%	–
PFE	New	PFIZER INC	$2,764,000	–	70,571	–	0.50%	–
WMT	New	WALMART INC	$2,671,000	–	18,937	–	0.48%	–
V	New	VISA INC	$2,430,000	–	10,391	–	0.44%	–
IWV	New	ISHARES TRrussell 3000 etf	$2,183,000	–	8,530	–	0.39%	–
CRM	New	SALESFORCE COM INC	$2,032,000	–	8,319	–	0.36%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,562,000	–	8,190	–	0.28%	–
LLY	New	LILLY ELI & CO	$1,479,000	–	6,442	–	0.27%	–
MUB	New	ISHARES TRnational mun etf	$1,387,000	–	11,831	–	0.25%	–
TD	New	TORONTO DOMINION BK ONT	$1,340,000	–	19,127	–	0.24%	–
KO	New	COCA COLA CO	$1,329,000	–	24,555	–	0.24%	–
SUB	New	ISHARES TRshrt nat mun etf	$1,154,000	–	10,700	–	0.21%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$1,120,000	–	20,250	–	0.20%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,097,000	–	2,739	–	0.20%	–
LMT	New	LOCKHEED MARTIN CORP	$1,034,000	–	2,733	–	0.19%	–
FSV	New	FIRSTSERVICE CORP NEW	$999,000	–	5,835	–	0.18%	–
BAC	New	BK OF AMERICA CORP	$991,000	–	24,027	–	0.18%	–
RNST	New	RENASANT CORP	$985,000	–	24,619	–	0.18%	–
SO	New	SOUTHERN CO	$956,000	–	15,798	–	0.17%	–
CVX	New	CHEVRON CORP NEW	$935,000	–	8,931	–	0.17%	–
T	New	AT&T INC	$915,000	–	31,788	–	0.16%	–
GM	New	GENERAL MTRS CO	$864,000	–	14,603	–	0.16%	–
UNP	New	UNION PAC CORP	$846,000	–	3,848	–	0.15%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$804,000	–	1,877	–	0.14%	–
COST	New	COSTCO WHSL CORP NEW	$759,000	–	1,918	–	0.14%	–
VTHR	New	VANGUARD SCOTTSDALE FDSvng rus3000idx	$735,000	–	3,692	–	0.13%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$715,000	–	1,417	–	0.13%	–
NFLX	New	NETFLIX INC	$687,000	–	1,300	–	0.12%	–
ABT	New	ABBOTT LABS	$679,000	–	5,855	–	0.12%	–
PYPL	New	PAYPAL HLDGS INC	$670,000	–	2,297	–	0.12%	–
NVDA	New	NVIDIA CORPORATION	$664,000	–	830	–	0.12%	–
NVG	New	NUVEEN AMT FREE MUN CR INC F	$664,000	–	37,163	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$657,000	–	2,700	–	0.12%	–
NEE	New	NEXTERA ENERGY INC	$653,000	–	8,907	–	0.12%	–
IHI	New	ISHARES TRu.s. med dvc etf	$650,000	–	1,800	–	0.12%	–
SHYD	New	VANECK VECTORS ETF TRshrt hgh yld mun	$646,000	–	25,377	–	0.12%	–
ABBV	New	ABBVIE INC	$638,000	–	5,667	–	0.12%	–
LDUR	New	PIMCO ETF TRenhncd lw dur ac	$636,000	–	6,253	–	0.11%	–
HDV	New	ISHARES TRcore high dv etf	$617,000	–	6,390	–	0.11%	–
ARKK	New	ARK ETF TRinnovation etf	$606,000	–	4,637	–	0.11%	–
LUV	New	SOUTHWEST AIRLS CO	$606,000	–	11,420	–	0.11%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$601,000	–	6,087	–	0.11%	–
AMGN	New	AMGEN INC	$594,000	–	2,437	–	0.11%	–
AFL	New	AFLAC INC	$543,000	–	10,112	–	0.10%	–
QQQ	New	INVESCO QQQ TRunit ser 1	$526,000	–	1,484	–	0.10%	–
HSY	New	HERSHEY CO	$521,000	–	2,989	–	0.09%	–
CSX	New	CSX CORP	$504,000	–	15,710	–	0.09%	–
DVA	New	DAVITA INC	$494,000	–	4,100	–	0.09%	–
BIIB	New	BIOGEN INC	$481,000	–	1,388	–	0.09%	–
ITA	New	ISHARES TRus aer def etf	$438,000	–	4,000	–	0.08%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$431,000	–	6,455	–	0.08%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$419,000	–	1	–	0.08%	–
TSLA	New	TESLA INC	$411,000	–	605	–	0.07%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$412,000	–	5,883	–	0.07%	–
VEA	New	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$398,000	–	7,722	–	0.07%	–
IWR	New	ISHARES TRrus mid cap etf	$394,000	–	4,968	–	0.07%	–
WELL	New	WELLTOWER INC	$391,000	–	4,708	–	0.07%	–
IVV	New	ISHARES TRcore s&p500 etf	$390,000	–	906	–	0.07%	–
GS	New	GOLDMAN SACHS GROUP INC	$378,000	–	996	–	0.07%	–
CSCO	New	CISCO SYS INC	$379,000	–	7,144	–	0.07%	–
AEP	New	AMERICAN ELEC PWR CO INC	$373,000	–	4,404	–	0.07%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$374,000	–	2,427	–	0.07%	–
ET	New	ENERGY TRANSFER L P	$370,000	–	34,830	–	0.07%	–
SBUX	New	STARBUCKS CORP	$361,000	–	3,231	–	0.06%	–
HPQ	New	HP INC	$343,000	–	11,368	–	0.06%	–
AMAT	New	APPLIED MATLS INC	$336,000	–	2,361	–	0.06%	–
KMB	New	KIMBERLY-CLARK CORP	$330,000	–	2,464	–	0.06%	–
USB	New	US BANCORP DEL	$323,000	–	5,666	–	0.06%	–
AGG	New	ISHARES TRcore us aggbd et	$320,000	–	2,771	–	0.06%	–
EOG	New	EOG RES INC	$319,000	–	3,821	–	0.06%	–
IJH	New	ISHARES TRcore s&p mcp etf	$309,000	–	1,149	–	0.06%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$304,000	–	2,412	–	0.06%	–
OMEX	New	ODYSSEY MARINE EXPL INC	$294,000	–	46,281	–	0.05%	–
GE	New	GENERAL ELECTRIC CO	$285,000	–	21,140	–	0.05%	–
SHY	New	ISHARES TR1 3 yr treas bd	$285,000	–	3,312	–	0.05%	–
ORCL	New	ORACLE CORP	$284,000	–	3,654	–	0.05%	–
MO	New	ALTRIA GROUP INC	$275,000	–	5,772	–	0.05%	–
COP	New	CONOCOPHILLIPS	$273,000	–	4,479	–	0.05%	–
RGR	New	STURM RUGER & CO INC	$270,000	–	3,000	–	0.05%	–
NSC	New	NORFOLK SOUTHN CORP	$268,000	–	1,009	–	0.05%	–
LOW	New	LOWES COS INC	$262,000	–	1,351	–	0.05%	–
TFC	New	TRUIST FINL CORP	$254,000	–	4,570	–	0.05%	–
GLW	New	CORNING INC	$252,000	–	6,150	–	0.04%	–
WEN	New	WENDYS CO	$248,000	–	10,587	–	0.04%	–
OGN	New	ORGANON & CO	$250,000	–	8,277	–	0.04%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$253,000	–	1,726	–	0.04%	–
BA	New	BOEING CO	$243,000	–	1,015	–	0.04%	–
SYK	New	STRYKER CORPORATION	$244,000	–	939	–	0.04%	–
EMR	New	EMERSON ELEC CO	$247,000	–	2,571	–	0.04%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$246,000	–	1,103	–	0.04%	–
IEMG	New	ISHARES INCcore msci emkt	$234,000	–	3,500	–	0.04%	–
DRI	New	DARDEN RESTAURANTS INC	$230,000	–	1,575	–	0.04%	–
PM	New	PHILIP MORRIS INTL INC	$222,000	–	2,242	–	0.04%	–
NOW	New	SERVICENOW INC	$220,000	–	400	–	0.04%	–
IGSB	New	ISHARES TR	$214,000	–	3,902	–	0.04%	–
SCHP	New	SCHWAB STRATEGIC TRus tips etf	$208,000	–	3,330	–	0.04%	–
CAT	New	CATERPILLAR INC	$206,000	–	945	–	0.04%	–
BIV	New	VANGUARD BD INDEX FDSintermed term	$202,000	–	2,245	–	0.04%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$203,000	–	857	–	0.04%	–
AMT	New	AMERICAN TOWER CORP NEW	$201,000	–	743	–	0.04%	–
TGT	New	TARGET CORP	$200,000	–	826	–	0.04%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$165,000	–	11,335	–	0.03%	–
F	New	FORD MTR CO DEL	$152,000	–	10,220	–	0.03%	–
SRNGU	New	SOARING EAGLE ACQUISITION COunit 02/23/2026	$106,000	–	10,000	–	0.02%	–

Q4 2020

			Value		Shares		↓ Weighting
HEXO	Exit	HEXO CORP	$0	–	-10,001	–	-0.00%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,203	–	-0.02%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-11,308	–	-0.03%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-35,175	–	-0.05%	–
USB	Exit	US BANCORP DEL	$0	–	-5,643	–	-0.06%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-2,223	–	-0.06%	–
D	Exit	DOMINION ENERGY INC	$0	–	-2,655	–	-0.06%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-1,014	–	-0.06%	–
GLW	Exit	CORNING INC	$0	–	-6,600	–	-0.06%	–
HPQ	Exit	HP INC	$0	–	-11,346	–	-0.06%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,082	–	-0.06%	–
MUB	Exit	ISHARES TRnational mun etf	$0	–	-1,971	–	-0.06%	–
ORCL	Exit	ORACLE CORP	$0	–	-3,847	–	-0.06%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,946	–	-0.06%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.06%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-10,935	–	-0.06%	–
NOW	Exit	SERVICENOW INC	$0	–	-500	–	-0.07%	–
ETN	Exit	EATON CORP PLC	$0	–	-2,468	–	-0.07%	–
WELL	Exit	WELLTOWER INC	$0	–	-4,708	–	-0.07%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-1,199	–	-0.07%	–
IEI	Exit	ISHARES TR3 7 yr treas bd	$0	–	-1,948	–	-0.07%	–
HUM	Exit	HUMANA INC	$0	–	-654	–	-0.07%	–
IJH	Exit	ISHARES TRcore s&p mcp etf	$0	–	-1,449	–	-0.07%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-7,217	–	-0.08%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-4,965	–	-0.08%	–
TSLA	Exit	TESLA INC	$0	–	-680	–	-0.08%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-906	–	-0.08%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,064	–	-0.08%	–
AMGN	Exit	AMGEN INC	$0	–	-1,237	–	-0.09%	–
OMEX	Exit	ODYSSEY MARINE EXPLORATION I	$0	–	-45,866	–	-0.09%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.09%	–
DVA	Exit	DAVITA INC	$0	–	-4,100	–	-0.10%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-2,427	–	-0.10%	–
VEA	Exit	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$0	–	-8,832	–	-0.10%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-2,835	–	-0.10%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-4,654	–	-0.10%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-1,074	–	-0.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-4,464	–	-0.10%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,729	–	-0.11%	–
CSX	Exit	CSX CORP	$0	–	-5,387	–	-0.12%	–
AFL	Exit	AFLAC INC	$0	–	-11,741	–	-0.12%	–
HSY	Exit	HERSHEY CO	$0	–	-3,014	–	-0.12%	–
IGSB	Exit	ISHARES TR	$0	–	-8,002	–	-0.12%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-2,322	–	-0.13%	–
CSCO	Exit	CISCO SYS INC	$0	–	-11,797	–	-0.13%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-4,162	–	-0.14%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-6,507	–	-0.14%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,005	–	-0.14%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-22,331	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-3,403	–	-0.15%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-7,440	–	-0.16%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,180	–	-0.17%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-2,487	–	-0.17%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,737	–	-0.18%	–
VTHR	Exit	VANGUARD SCOTTSDALE FDSvng rus3000idx	$0	–	-4,220	–	-0.18%	–
RNST	Exit	RENASANT CORP	$0	–	-28,324	–	-0.18%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-1,963	–	-0.18%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,750	–	-0.19%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,544	–	-0.19%	–
ABT	Exit	ABBOTT LABS	$0	–	-6,602	–	-0.20%	–
SHY	Exit	ISHARES TR1 3 yr treas bd	$0	–	-8,506	–	-0.20%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,916	–	-0.21%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-12,111	–	-0.21%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-11,110	–	-0.22%	–
T	Exit	AT&T INC	$0	–	-29,285	–	-0.23%	–
SO	Exit	SOUTHERN CO	$0	–	-15,838	–	-0.24%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-18,555	–	-0.24%	–
NFLX	Exit	NETFLIX INC	$0	–	-1,770	–	-0.24%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-8,182	–	-0.25%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-2,909	–	-0.25%	–
LLY	Exit	LILLY ELI & CO	$0	–	-6,285	–	-0.26%	–
PEP	Exit	PEPSICO INC	$0	–	-6,971	–	-0.26%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,219	–	-0.34%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-11,886	–	-0.34%	–
KO	Exit	COCA COLA CO	$0	–	-29,529	–	-0.40%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,260	–	-0.51%	–
IWV	Exit	ISHARES TRrussell 3000 etf	$0	–	-9,437	–	-0.51%	–
V	Exit	VISA INC	$0	–	-9,717	–	-0.53%	–
INTC	Exit	INTEL CORP	$0	–	-41,019	–	-0.58%	–
PFE	Exit	PFIZER INC	$0	–	-73,161	–	-0.74%	–
WMT	Exit	WALMART INC	$0	–	-20,455	–	-0.79%	–
MCD	Exit	MCDONALDS CORP	$0	–	-13,170	–	-0.79%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-17,640	–	-0.80%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-12,318	–	-0.89%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-2,391	–	-0.96%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-24,884	–	-1.02%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-64,208	–	-1.03%	–
DIS	Exit	DISNEY WALT CO	$0	–	-30,609	–	-1.04%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-68,746	–	-1.09%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-74,863	–	-1.22%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-22,150	–	-1.30%	–
KIM	Exit	KIMCO RLTY CORP	$0	–	-461,438	–	-1.43%	–
MRK	Exit	MERCK & CO. INC	$0	–	-62,751	–	-1.43%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-57,085	–	-1.51%	–
HD	Exit	HOME DEPOT INC	$0	–	-21,232	–	-1.62%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-73,727	–	-1.79%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-20,291	–	-1.88%	–
GLD	Exit	SPDR GOLD TR	$0	–	-59,714	–	-2.91%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,735	–	-3.23%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-62,066	–	-3.59%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-118,683	–	-4.53%	–
PGF	Exit	INVESCO EXCHANGE TRADED FD Tfinl pfd etf	$0	–	-979,488	–	-5.04%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-165,210	–	-5.30%	–
AAPL	Exit	APPLE INC	$0	–	-191,027	–	-6.08%	–
SPTM	Exit	SPDR SER TRportfoli s&p1500	$0	–	-697,213	–	-7.83%	–
JAGG	Exit	J P MORGAN EXCHANGE-TRADED Fus aggregate	$0	–	-1,577,709	–	-12.11%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-914,109	–	-16.00%	–

Q3 2020

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmsci usa min vol	$58,256,000	+3.1%	914,109	-1.9%	16.00%	-9.2%
JAGG	Buy	J P MORGAN EXCHANGE-TRADED Fus aggregate	$44,097,000	+16.2%	1,577,709	+16.3%	12.11%	+2.3%
SPTM	Buy	SPDR SER TRportfoli s&p1500	$28,509,000	+9.6%	697,213	+1.3%	7.83%	-3.5%
AAPL	Buy	APPLE INC	$22,123,000	+19.8%	191,027	+277.5%	6.08%	+5.5%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$19,280,000	+4.4%	165,210	-6.5%	5.30%	-8.1%
PGF	Buy	INVESCO EXCHANGE TRADED FD Tfinl pfd etf	$18,356,000	+13.5%	979,488	+8.4%	5.04%	-0.1%
PG	Buy	PROCTER AND GAMBLE CO	$16,496,000	+16.8%	118,683	+0.5%	4.53%	+2.9%
MSFT	Sell	MICROSOFT CORP	$13,054,000	+1.8%	62,066	-1.5%	3.59%	-10.3%
AMZN	Sell	AMAZON COM INC	$11,761,000	+5.2%	3,735	-7.8%	3.23%	-7.4%
GLD	Buy	SPDR GOLD TR	$10,577,000	+53.5%	59,714	+45.0%	2.91%	+35.2%
MA	Sell	MASTERCARD INCORPORATEDcl a	$6,862,000	+9.4%	20,291	-4.4%	1.88%	-3.7%
DUK	Buy	DUKE ENERGY CORP NEW	$6,529,000	+73.9%	73,727	+56.9%	1.79%	+53.2%
HD	Buy	HOME DEPOT INC	$5,896,000	+14.3%	21,232	+3.1%	1.62%	+0.7%
JPM	Buy	JPMORGAN CHASE & CO	$5,496,000	+14.2%	57,085	+11.6%	1.51%	+0.6%
MRK	Buy	MERCK & CO. INC	$5,205,000	+14.5%	62,751	+6.8%	1.43%	+0.8%
KIM	New	KIMCO RLTY CORP	$5,196,000	–	461,438	–	1.43%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$4,717,000	+10.6%	22,150	-7.3%	1.30%	-2.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$4,454,000	+61.1%	74,863	+49.3%	1.22%	+42.0%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP	$3,956,000	+5.5%	68,746	+13.0%	1.09%	-7.0%
DIS	Buy	DISNEY WALT CO	$3,798,000	+13.6%	30,609	+2.1%	1.04%	0.0%
CVS	Buy	CVS HEALTH CORP	$3,750,000	+11.4%	64,208	+23.9%	1.03%	-1.9%
JNJ	Buy	JOHNSON & JOHNSON	$3,705,000	+6.3%	24,884	+0.4%	1.02%	-6.4%
GOOG	Buy	ALPHABET INCcap stk cl c	$3,514,000	+15.0%	2,391	+10.6%	0.96%	+1.3%
FB	Buy	FACEBOOK INCcl a	$3,226,000	+18.5%	12,318	+2.7%	0.89%	+4.4%
HON	Buy	HONEYWELL INTL INC	$2,904,000	+17.8%	17,640	+3.5%	0.80%	+3.8%
MCD	Sell	MCDONALDS CORP	$2,891,000	+16.0%	13,170	-2.5%	0.79%	+2.1%
WMT	Buy	WALMART INC	$2,862,000	+17.8%	20,455	+0.9%	0.79%	+3.7%
PFE	Buy	PFIZER INC	$2,685,000	+12.8%	73,161	+0.5%	0.74%	-0.5%
INTC	Buy	INTEL CORP	$2,124,000	+53.2%	41,019	+77.1%	0.58%	+35.0%
V	Buy	VISA INC	$1,943,000	+4.2%	9,717	+0.6%	0.53%	-8.2%
IWV	Sell	ISHARES TRrussell 3000 etf	$1,847,000	+7.8%	9,437	-0.8%	0.51%	-5.1%
GOOGL	Sell	ALPHABET INCcap stk cl a	$1,847,000	+2.6%	1,260	-0.7%	0.51%	-9.8%
KO	Buy	COCA COLA CO	$1,458,000	+10.6%	29,529	+0.1%	0.40%	-2.4%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$1,254,000	+1.2%	11,886	-4.0%	0.34%	-11.1%
LMT	Buy	LOCKHEED MARTIN CORP	$1,234,000	+5.6%	3,219	+0.4%	0.34%	-7.1%
PEP	Buy	PEPSICO INC	$966,000	+7.9%	6,971	+3.0%	0.26%	-5.0%
LLY	Buy	LILLY ELI & CO	$930,000	-9.9%	6,285	+0.0%	0.26%	-20.8%
UNH	Sell	UNITEDHEALTH GROUP INC	$907,000	+4.1%	2,909	-1.5%	0.25%	-8.5%
PNC	Buy	PNC FINL SVCS GROUP INC	$899,000	+4.5%	8,182	+0.0%	0.25%	-7.8%
NFLX	Sell	NETFLIX INC	$885,000	+9.1%	1,770	-0.7%	0.24%	-4.0%
AMTD	Buy	TD AMERITRADE HLDG CORP	$858,000	+4.9%	18,555	+1.2%	0.24%	-7.5%
SO	Buy	SOUTHERN CO	$859,000	+6.0%	15,838	+1.4%	0.24%	-6.7%
T	Sell	AT&T INC	$835,000	-10.9%	29,285	-5.5%	0.23%	-21.6%
CVX	Sell	CHEVRON CORP NEW	$800,000	-25.4%	11,110	-7.5%	0.22%	-34.1%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$776,000	+4.0%	12,111	-4.8%	0.21%	-8.6%
UNP	Buy	UNION PAC CORP	$771,000	+16.5%	3,916	+0.1%	0.21%	+2.4%
SHY	Buy	ISHARES TR1 3 yr treas bd	$736,000	+30.3%	8,506	+30.4%	0.20%	+14.8%
ABT	Buy	ABBOTT LABS	$718,000	+19.1%	6,602	+0.1%	0.20%	+4.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$682,000	+6.2%	1,544	-12.9%	0.19%	-6.5%
XOM	Buy	EXXON MOBIL CORP	$678,000	-21.4%	19,750	+2.3%	0.19%	-30.9%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$657,000	-8.2%	1,963	-15.5%	0.18%	-19.3%
VTHR	Sell	VANGUARD SCOTTSDALE FDSvng rus3000idx	$642,000	-0.6%	4,220	-8.6%	0.18%	-12.9%
BDX	Buy	BECTON DICKINSON & CO	$637,000	-1.4%	2,737	+1.4%	0.18%	-13.4%
CRM	Buy	SALESFORCE COM INC	$625,000	+35.0%	2,487	+0.6%	0.17%	+19.4%
NEE	Buy	NEXTERA ENERGY INC	$605,000	+18.4%	2,180	+2.5%	0.17%	+4.4%
HDV	Sell	ISHARES TRcore high dv etf	$599,000	-13.8%	7,440	-13.1%	0.16%	-24.0%
MMM	Sell	3M CO	$545,000	+0.6%	3,403	-2.0%	0.15%	-11.2%
BAC	Sell	BK OF AMERICA CORP	$538,000	-0.9%	22,331	-2.4%	0.15%	-12.4%
ABBV	Buy	ABBVIE INC	$526,000	-8.5%	6,005	+2.6%	0.14%	-19.6%
AGG	Buy	ISHARES TRcore us aggbd et	$491,000	+27.9%	4,162	+28.0%	0.14%	+12.5%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$491,000	+20.6%	6,507	+11.0%	0.14%	+6.3%
CSCO	Sell	CISCO SYS INC	$465,000	-45.6%	11,797	-35.5%	0.13%	-51.9%
PYPL	Sell	PAYPAL HLDGS INC	$458,000	-17.8%	2,322	-27.3%	0.13%	-27.6%
HSY	Buy	HERSHEY CO	$432,000	+11.6%	3,014	+0.8%	0.12%	-1.7%
AFL	Buy	AFLAC INC	$427,000	+0.9%	11,741	+0.0%	0.12%	-11.4%
CSX	Buy	CSX CORP	$418,000	+11.2%	5,387	+0.0%	0.12%	-1.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$406,000	-2.9%	6,729	-5.3%	0.11%	-13.8%
SBUX	Sell	STARBUCKS CORP	$384,000	+5.5%	4,464	-9.8%	0.10%	-7.9%
COST	Sell	COSTCO WHSL CORP NEW	$381,000	+11.1%	1,074	-5.1%	0.10%	-1.9%
AEP	Buy	AMERICAN ELEC PWR CO INC	$380,000	+2.7%	4,654	+0.0%	0.10%	-9.6%
VEA	Buy	VANGUARD TAX-MANAGED INTL FDftse dev mkt etf	$361,000	+25.3%	8,832	+19.1%	0.10%	+10.0%
TSLA	New	TESLA INC	$292,000	–	680	–	0.08%	–
IWR	Buy	ISHARES TRrus mid cap etf	$285,000	+7.1%	4,965	+0.0%	0.08%	-6.0%
MO	Sell	ALTRIA GROUP INC	$279,000	-9.7%	7,217	-8.3%	0.08%	-19.8%
HUM	New	HUMANA INC	$271,000	–	654	–	0.07%	–
IEI	New	ISHARES TR3 7 yr treas bd	$260,000	–	1,948	–	0.07%	–
NSC	Sell	NORFOLK SOUTHN CORP	$257,000	+21.2%	1,199	-0.7%	0.07%	+7.6%
SLV	New	ISHARES SILVER TRishares	$237,000	–	10,935	–	0.06%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$237,000	–	1,946	–	0.06%	–
ORCL	Buy	ORACLE CORP	$230,000	+8.5%	3,847	+0.2%	0.06%	-4.5%
GLW	New	CORNING INC	$214,000	–	6,600	–	0.06%	–
HPQ	Buy	HP INC	$215,000	+8.6%	11,346	+0.1%	0.06%	-4.8%
MDT	New	MEDTRONIC PLC	$216,000	–	2,082	–	0.06%	–
ATO	Buy	ATMOS ENERGY CORP	$212,000	-4.1%	2,223	+0.1%	0.06%	-15.9%
SYK	New	STRYKER CORPORATION	$211,000	–	1,014	–	0.06%	–
D	Buy	DOMINION ENERGY INC	$210,000	-2.3%	2,655	+0.0%	0.06%	-13.4%
USB	Buy	US BANCORP DEL	$202,000	-2.4%	5,643	+0.2%	0.06%	-15.4%
ET	Buy	ENERGY TRANSFER LP	$191,000	-12.4%	35,175	+14.7%	0.05%	-23.5%
HPE	Buy	HEWLETT PACKARD ENTERPRISE C	$106,000	-3.6%	11,308	+0.1%	0.03%	-14.7%
GE	New	GENERAL ELECTRIC CO	$64,000	–	10,203	–	0.02%	–
HEXO	New	HEXO CORP	$7,000	–	10,001	–	0.00%	–
BA	Exit	BOEING CO	$0	–	-1,268	–	-0.07%	–
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-9,175	–	-0.07%	–
NVS	Exit	NOVARTIS AGsponsored adr	$0	–	-3,757	–	-0.10%	–

Q2 2020

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmsci min vol etf	$56,496,000	–	931,817	–	17.62%	–
JAGG	New	J P MORGAN EXCHANGE-TRADED Fus aggregate	$37,942,000	–	1,356,035	–	11.84%	–
SPTM	New	SPDR SER TRportfoli s&p1500	$26,004,000	–	688,299	–	8.11%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$18,463,000	–	176,697	–	5.76%	–
AAPL	New	APPLE INC	$18,461,000	–	50,607	–	5.76%	–
PGF	New	INVESCO EXCHANGE TRADED FD Tfinl pfd etf	$16,174,000	–	903,561	–	5.05%	–
PG	New	PROCTER AND GAMBLE CO	$14,120,000	–	118,090	–	4.40%	–
MSFT	New	MICROSOFT CORP	$12,817,000	–	62,982	–	4.00%	–
AMZN	New	AMAZON COM INC	$11,181,000	–	4,053	–	3.49%	–
GLD	New	SPDR GOLD TR	$6,892,000	–	41,180	–	2.15%	–
MA	New	MASTERCARD INCORPORATEDcl a	$6,275,000	–	21,221	–	1.96%	–
HD	New	HOME DEPOT INC	$5,159,000	–	20,593	–	1.61%	–
JPM	New	JPMORGAN CHASE & CO	$4,811,000	–	51,153	–	1.50%	–
MRK	New	MERCK & CO. INC	$4,545,000	–	58,777	–	1.42%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,266,000	–	23,899	–	1.33%	–
DUK	New	DUKE ENERGY CORP NEW	$3,754,000	–	46,992	–	1.17%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$3,748,000	–	60,821	–	1.17%	–
JNJ	New	JOHNSON & JOHNSON	$3,487,000	–	24,793	–	1.09%	–
CVS	New	CVS HEALTH CORP	$3,366,000	–	51,805	–	1.05%	–
DIS	New	DISNEY WALT CO	$3,343,000	–	29,976	–	1.04%	–
GOOG	New	ALPHABET INCcap stk cl c	$3,056,000	–	2,162	–	0.95%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,764,000	–	50,139	–	0.86%	–
FB	New	FACEBOOK INCcl a	$2,723,000	–	11,991	–	0.85%	–
MCD	New	MCDONALDS CORP	$2,493,000	–	13,512	–	0.78%	–
HON	New	HONEYWELL INTL INC	$2,465,000	–	17,045	–	0.77%	–
WMT	New	WALMART INC	$2,429,000	–	20,275	–	0.76%	–
PFE	New	PFIZER INC	$2,380,000	–	72,778	–	0.74%	–
V	New	VISA INC	$1,865,000	–	9,656	–	0.58%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,800,000	–	1,269	–	0.56%	–
IWV	New	ISHARES TRrussell 3000 etf	$1,713,000	–	9,511	–	0.53%	–
INTC	New	INTEL CORP	$1,386,000	–	23,163	–	0.43%	–
KO	New	COCA COLA CO	$1,318,000	–	29,494	–	0.41%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,239,000	–	12,380	–	0.39%	–
LMT	New	LOCKHEED MARTIN CORP	$1,169,000	–	3,205	–	0.36%	–
CVX	New	CHEVRON CORP NEW	$1,072,000	–	12,013	–	0.33%	–
LLY	New	LILLY ELI & CO	$1,032,000	–	6,284	–	0.32%	–
T	New	AT&T INC	$937,000	–	30,984	–	0.29%	–
PEP	New	PEPSICO INC	$895,000	–	6,768	–	0.28%	–
UNH	New	UNITEDHEALTH GROUP INC	$871,000	–	2,954	–	0.27%	–
XOM	New	EXXON MOBIL CORP	$863,000	–	19,303	–	0.27%	–
PNC	New	PNC FINL SVCS GROUP INC	$860,000	–	8,178	–	0.27%	–
CSCO	New	CISCO SYS INC	$854,000	–	18,303	–	0.27%	–
AMTD	New	TD AMERITRADE HLDG CORP	$818,000	–	18,332	–	0.26%	–
NFLX	New	NETFLIX INC	$811,000	–	1,783	–	0.25%	–
SO	New	SOUTHERN CO	$810,000	–	15,619	–	0.25%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$746,000	–	12,726	–	0.23%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$716,000	–	2,323	–	0.22%	–
RNST	New	RENASANT CORP	$705,000	–	28,324	–	0.22%	–
HDV	New	ISHARES TRcore high dv etf	$695,000	–	8,565	–	0.22%	–
UNP	New	UNION PAC CORP	$662,000	–	3,913	–	0.21%	–
BDX	New	BECTON DICKINSON & CO	$646,000	–	2,700	–	0.20%	–
VTHR	New	VANGUARD SCOTTSDALE FDSvng rus3000idx	$646,000	–	4,618	–	0.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$642,000	–	1,772	–	0.20%	–
ABT	New	ABBOTT LABS	$603,000	–	6,598	–	0.19%	–
ABBV	New	ABBVIE INC	$575,000	–	5,853	–	0.18%	–
SHY	New	ISHARES TR1 3 yr treas bd	$565,000	–	6,521	–	0.18%	–
PYPL	New	PAYPAL HLDGS INC	$557,000	–	3,195	–	0.17%	–
BAC	New	BK OF AMERICA CORP	$543,000	–	22,880	–	0.17%	–
MMM	New	3M CO	$542,000	–	3,472	–	0.17%	–
NEE	New	NEXTERA ENERGY INC	$511,000	–	2,127	–	0.16%	–
CRM	New	SALESFORCE COM INC	$463,000	–	2,472	–	0.14%	–
IGSB	New	ISHARES TRsh tr crport etf	$438,000	–	8,002	–	0.14%	–
AFL	New	AFLAC INC	$423,000	–	11,736	–	0.13%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$418,000	–	7,103	–	0.13%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$407,000	–	5,860	–	0.13%	–
HSY	New	HERSHEY CO	$387,000	–	2,989	–	0.12%	–
AGG	New	ISHARES TRcore us aggbd et	$384,000	–	3,251	–	0.12%	–
CSX	New	CSX CORP	$376,000	–	5,385	–	0.12%	–
AEP	New	AMERICAN ELEC PWR CO INC	$370,000	–	4,652	–	0.12%	–
SBUX	New	STARBUCKS CORP	$364,000	–	4,947	–	0.11%	–
COST	New	COSTCO WHSL CORP NEW	$343,000	–	1,132	–	0.11%	–
NVS	New	NOVARTIS AGsponsored adr	$328,000	–	3,757	–	0.10%	–
DVA	New	DAVITA INC	$324,000	–	4,100	–	0.10%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$312,000	–	2,427	–	0.10%	–
MO	New	ALTRIA GROUP INC	$309,000	–	7,870	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$292,000	–	2,064	–	0.09%	–
AMGN	New	AMGEN INC	$292,000	–	1,237	–	0.09%	–
VEA	New	VANGUARD TAX-MANAGED FDSftse dev mkt etf	$288,000	–	7,416	–	0.09%	–
FSV	New	FIRSTSERVICE CORP NEW	$286,000	–	2,835	–	0.09%	–
IVV	New	ISHARES TRcore s&p500 etf	$281,000	–	906	–	0.09%	–
IWR	New	ISHARES TRrus mid cap etf	$266,000	–	4,963	–	0.08%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$267,000	–	1	–	0.08%	–
IJH	New	ISHARES TRcore s&p mcp etf	$258,000	–	1,449	–	0.08%	–
WELL	New	WELLTOWER INC	$244,000	–	4,708	–	0.08%	–
IBMI	New	ISHARES TRibonds sep2020	$234,000	–	9,175	–	0.07%	–
BA	New	BOEING CO	$232,000	–	1,268	–	0.07%	–
WEN	New	WENDYS CO	$231,000	–	10,587	–	0.07%	–
MUB	New	ISHARES TRnational mun etf	$227,000	–	1,971	–	0.07%	–
ATO	New	ATMOS ENERGY CORP	$221,000	–	2,221	–	0.07%	–
ET	New	ENERGY TRANSFER LP	$218,000	–	30,680	–	0.07%	–
ETN	New	EATON CORP PLC	$216,000	–	2,468	–	0.07%	–
D	New	DOMINION ENERGY INC	$215,000	–	2,654	–	0.07%	–
ORCL	New	ORACLE CORP	$212,000	–	3,841	–	0.07%	–
OMEX	New	ODYSSEY MARINE EXPLORATION I	$210,000	–	45,866	–	0.07%	–
NSC	New	NORFOLK SOUTHERN CORP	$212,000	–	1,207	–	0.07%	–
USB	New	US BANCORP DEL	$207,000	–	5,634	–	0.06%	–
NOW	New	SERVICENOW INC	$203,000	–	500	–	0.06%	–
HPQ	New	HP INC	$198,000	–	11,337	–	0.06%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$110,000	–	11,297	–	0.03%	–

Q4 2019

			Value		Shares		↓ Weighting
FCEL	Exit	FUELCELL ENERGY INC	$0	–	-15,333	–	-0.00%	–
EGY	Exit	VAALCO ENERGY INC	$0	–	-10,000	–	-0.01%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-11,274	–	-0.05%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-963	–	-0.06%	–
GLW	Exit	CORNING INC	$0	–	-7,380	–	-0.07%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.07%	–
HPQ	Exit	HP INC	$0	–	-11,312	–	-0.07%	–
AMGN	Exit	AMGEN INC	$0	–	-1,117	–	-0.07%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-1,032	–	-0.07%	–
DVA	Exit	DAVITA INC	$0	–	-4,100	–	-0.07%	–
D	Exit	DOMINION ENERGY INC	$0	–	-2,889	–	-0.07%	–
SYK	Exit	STRYKER CORP	$0	–	-1,075	–	-0.07%	–
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-9,175	–	-0.07%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-2,217	–	-0.08%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-9,293	–	-0.08%	–
ORCL	Exit	ORACLE CORP	$0	–	-4,788	–	-0.08%	–
NBTB	Exit	NBT BANCORP INC	$0	–	-7,279	–	-0.08%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-1,605	–	-0.09%	–
FNCL	Exit	FIDELITY COVINGTON TRmsci finls idx	$0	–	-6,762	–	-0.09%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-925	–	-0.09%	–
FIDU	Exit	FIDELITY COVINGTON TRmsci indl indx	$0	–	-7,000	–	-0.09%	–
EOG	Exit	EOG RES INC	$0	–	-3,791	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,726	–	-0.09%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,443	–	-0.09%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,454	–	-0.09%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,049	–	-0.09%	–
FSV	Exit	FIRSTSERVICE CORP NEW	$0	–	-2,835	–	-0.09%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-2,427	–	-0.10%	–
KBWB	Exit	INVESCO EXCHNG TRADED FD TRkbw bk etf	$0	–	-5,949	–	-0.10%	–
CELG	Exit	CELGENE CORP	$0	–	-3,105	–	-0.10%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.10%	–
ET	Exit	ENERGY TRANSFER LP	$0	–	-24,680	–	-0.10%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,120	–	-0.10%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-8,248	–	-0.11%	–
AEP	Exit	AMERICAN ELEC PWR CO INC	$0	–	-3,717	–	-0.11%	–
USB	Exit	US BANCORP DEL	$0	–	-6,451	–	-0.11%	–
CSX	Exit	CSX CORP	$0	–	-5,338	–	-0.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-5,070	–	-0.12%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-7,318	–	-0.12%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-9,748	–	-0.13%	–
WELL	Exit	WELLTOWER INC	$0	–	-4,610	–	-0.13%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,361	–	-0.13%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-2,885	–	-0.14%	–
HSY	Exit	HERSHEY CO	$0	–	-2,989	–	-0.15%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-5,560	–	-0.15%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,758	–	-0.16%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,050	–	-0.16%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-4,525	–	-0.16%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,287	–	-0.17%	–
BAC	Exit	BANK AMER CORP	$0	–	-18,594	–	-0.17%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-10,948	–	-0.18%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-1,902	–	-0.18%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,819	–	-0.18%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-3,636	–	-0.19%	–
ITOT	Exit	ISHARES TRcore s&p ttl stk	$0	–	-8,829	–	-0.19%	–
ABT	Exit	ABBOTT LABS	$0	–	-7,267	–	-0.19%	–
AFL	Exit	AFLAC INC	$0	–	-11,725	–	-0.20%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,805	–	-0.21%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,953	–	-0.24%	–
PEP	Exit	PEPSICO INC	$0	–	-6,235	–	-0.27%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-14,512	–	-0.28%	–
MMM	Exit	3M CO	$0	–	-5,647	–	-0.30%	–
RNST	Exit	RENASANT CORP	$0	–	-28,324	–	-0.32%	–
SO	Exit	SOUTHERN CO	$0	–	-16,815	–	-0.33%	–
INTC	Exit	INTEL CORP	$0	–	-21,816	–	-0.36%	–
BA	Exit	BOEING CO	$0	–	-3,004	–	-0.36%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-19,727	–	-0.36%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-8,350	–	-0.37%	–
VTHR	Exit	VANGUARD SCOTTSDALE FDSvng rus3000idx	$0	–	-9,160	–	-0.39%	–
CSCO	Exit	CISCO SYS INC	$0	–	-26,410	–	-0.42%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-4,465	–	-0.42%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-15,810	–	-0.45%	–
T	Exit	AT&T INC	$0	–	-38,111	–	-0.46%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,872	–	-0.48%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-1,258	–	-0.49%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-16,471	–	-0.49%	–
KO	Exit	COCA COLA CO	$0	–	-29,204	–	-0.51%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-24,500	–	-0.55%	–
V	Exit	VISA INC	$0	–	-10,196	–	-0.56%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-10,076	–	-0.57%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-15,160	–	-0.57%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,801	–	-0.70%	–
IWV	Exit	ISHARES TRrussell 3000 etf	$0	–	-13,850	–	-0.76%	–
WMT	Exit	WALMART INC	$0	–	-21,902	–	-0.83%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-15,488	–	-0.83%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-20,806	–	-0.85%	–
PFE	Exit	PFIZER INC	$0	–	-79,321	–	-0.91%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-48,648	–	-0.93%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-32,842	–	-1.00%	–
MCD	Exit	MCDONALDS CORP	$0	–	-14,884	–	-1.02%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-27,593	–	-1.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-26,332	–	-1.08%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-29,953	–	-1.30%	–
VRIG	Exit	INVESCO ACTIVELY MANAGD ETFvar rate invt	$0	–	-166,780	–	-1.32%	–
DIS	Exit	DISNEY WALT CO	$0	–	-35,935	–	-1.49%	–
HD	Exit	HOME DEPOT INC	$0	–	-20,283	–	-1.50%	–
MRK	Exit	MERCK & CO INC	$0	–	-58,374	–	-1.56%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-20,052	–	-1.73%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,547	–	-2.02%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,966	–	-2.19%	–
JAGG	Exit	JP MORGAN EXCHANGE TRADED FDus aggregate	$0	–	-287,470	–	-2.45%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-62,257	–	-2.75%	–
AAPL	Exit	APPLE INC	$0	–	-55,939	–	-3.98%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-125,213	–	-4.95%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-200,833	–	-5.14%	–
EUSA	Exit	ISHARES INCmsci equal weite	$0	–	-348,360	–	-6.61%	–
SPTM	Exit	SPDR SERIES TRUSTportfolio tl stk	$0	–	-1,188,185	–	-13.88%	–
USMV	Exit	ISHARES TRmsci min vol etf	$0	–	-1,038,753	–	-21.17%	–

Q3 2019

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmsci min vol etf	$66,584,000	+3.8%	1,038,753	-0.0%	21.17%	+3.6%
SPTM	Buy	SPDR SERIES TRUSTportfolio tl stk	$43,654,000	+2.6%	1,188,185	+1.9%	13.88%	+2.5%
EUSA	Buy	ISHARES INCmsci equal weite	$20,777,000	+6.5%	348,360	+5.9%	6.61%	+6.3%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$16,173,000	-0.2%	200,833	-3.3%	5.14%	-0.4%
PG	Sell	PROCTER & GAMBLE CO	$15,574,000	+5.6%	125,213	-6.9%	4.95%	+5.5%
AAPL	Sell	APPLE INC	$12,529,000	+7.6%	55,939	-4.9%	3.98%	+7.4%
MSFT	Sell	MICROSOFT CORP	$8,656,000	+1.0%	62,257	-2.7%	2.75%	+0.8%
JAGG	New	JP MORGAN EXCHANGE TRADED FDus aggregate	$7,709,000	–	287,470	–	2.45%	–
AMZN	Sell	AMAZON COM INC	$6,885,000	-9.8%	3,966	-1.7%	2.19%	-10.0%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$6,354,000	-6.6%	30,547	-4.3%	2.02%	-6.7%
MA	Sell	MASTERCARD INCcl a	$5,446,000	-7.4%	20,052	-9.9%	1.73%	-7.6%
MRK	Sell	MERCK & CO INC	$4,914,000	-4.1%	58,374	-4.4%	1.56%	-4.2%
HD	Sell	HOME DEPOT INC	$4,706,000	+7.8%	20,283	-3.4%	1.50%	+7.7%
DIS	Sell	DISNEY WALT CO	$4,683,000	-7.6%	35,935	-1.0%	1.49%	-7.7%
VRIG	Sell	INVESCO ACTIVELY MANAGD ETFvar rate invt	$4,151,000	-67.8%	166,780	-67.9%	1.32%	-67.9%
UTX	Sell	UNITED TECHNOLOGIES CORP	$4,089,000	-4.8%	29,953	-9.2%	1.30%	-5.0%
JNJ	Sell	JOHNSON & JOHNSON	$3,407,000	-10.3%	26,332	-3.5%	1.08%	-10.5%
JPM	Buy	JPMORGAN CHASE & CO	$3,247,000	+9.7%	27,593	+4.2%	1.03%	+9.5%
MCD	Sell	MCDONALDS CORP	$3,196,000	-0.7%	14,884	-3.9%	1.02%	-0.9%
DUK	Sell	DUKE ENERGY CORP NEW	$3,148,000	+6.0%	32,842	-2.4%	1.00%	+5.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,936,000	+5.7%	48,648	+0.1%	0.93%	+5.7%
PFE	Sell	PFIZER INC	$2,850,000	-26.9%	79,321	-11.9%	0.91%	-27.1%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$2,681,000	-5.4%	20,806	-4.1%	0.85%	-5.4%
HON	Sell	HONEYWELL INTL INC	$2,621,000	-8.5%	15,488	-5.6%	0.83%	-8.7%
WMT	Sell	WALMART INC	$2,599,000	+4.7%	21,902	-2.5%	0.83%	+4.4%
IWV	Sell	ISHARES TRrussell 3000 etf	$2,407,000	-5.7%	13,850	-6.5%	0.76%	-5.9%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,195,000	+6.8%	1,801	-5.3%	0.70%	+6.7%
CVX	Buy	CHEVRON CORP NEW	$1,798,000	+0.1%	15,160	+5.0%	0.57%	0.0%
FB	Sell	FACEBOOK INCcl a	$1,794,000	-8.7%	10,076	-1.1%	0.57%	-8.9%
V	Sell	VISA INC	$1,754,000	-2.9%	10,196	-2.0%	0.56%	-3.0%
XOM	Buy	EXXON MOBIL CORP	$1,730,000	-4.1%	24,500	+4.1%	0.55%	-4.3%
KO	Buy	COCA COLA CO	$1,590,000	+8.2%	29,204	+1.2%	0.51%	+8.1%
HDV	Sell	ISHARES TRcore high dv etf	$1,551,000	-6.9%	16,471	-6.6%	0.49%	-7.2%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,536,000	+15.7%	1,258	+2.6%	0.49%	+15.4%
LMT	Buy	LOCKHEED MARTIN CORP	$1,510,000	+39.4%	3,872	+30.0%	0.48%	+39.1%
T	Buy	AT&T INC	$1,442,000	+14.4%	38,111	+1.4%	0.46%	+14.5%
XLV	Sell	SELECT SECTOR SPDR TRsbi healthcare	$1,425,000	-9.1%	15,810	-6.5%	0.45%	-9.2%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,325,000	+2.5%	4,465	+1.2%	0.42%	+2.2%
CSCO	Sell	CISCO SYS INC	$1,305,000	-10.2%	26,410	-0.6%	0.42%	-10.4%
PNC	Buy	PNC FINL SVCS GROUP INC	$1,170,000	+2.1%	8,350	+0.0%	0.37%	+1.9%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,149,000	+0.6%	19,727	+0.8%	0.36%	+0.3%
BA	Buy	BOEING CO	$1,143,000	+6.3%	3,004	+1.8%	0.36%	+6.1%
INTC	Sell	INTEL CORP	$1,124,000	+5.8%	21,816	-1.7%	0.36%	+5.6%
SO	Sell	SOUTHERN CO	$1,039,000	-0.2%	16,815	-10.7%	0.33%	-0.6%
MMM	Buy	3M CO	$928,000	+95.4%	5,647	+105.9%	0.30%	+95.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$891,000	+2.1%	14,512	-3.5%	0.28%	+1.8%
PEP	Buy	PEPSICO INC	$855,000	+11.0%	6,235	+6.2%	0.27%	+11.0%
BDX	Buy	BECTON DICKINSON & CO	$747,000	+1.2%	2,953	+0.9%	0.24%	+1.3%
LLY	Buy	LILLY ELI & CO	$649,000	+0.9%	5,805	+0.0%	0.21%	+0.5%
AFL	Buy	AFLAC INC	$613,000	-4.5%	11,725	+0.0%	0.20%	-4.4%
ABT	Buy	ABBOTT LABS	$608,000	+3.6%	7,267	+4.1%	0.19%	+3.2%
ITOT	Buy	ISHARES TRcore s&p ttl stk	$592,000	+2.8%	8,829	+2.0%	0.19%	+2.7%
UNP	Buy	UNION PACIFIC CORP	$589,000	+1.9%	3,636	+6.3%	0.19%	+1.6%
CVS	Buy	CVS HEALTH CORP	$556,000	+26.7%	8,819	+9.4%	0.18%	+26.4%
WFC	Sell	WELLS FARGO CO NEW	$552,000	+0.7%	10,948	-5.5%	0.18%	+0.6%
BAC	Buy	BANK AMER CORP	$542,000	+1.3%	18,594	+0.8%	0.17%	+1.2%
NEE	Sell	NEXTERA ENERGY INC	$533,000	+12.7%	2,287	-1.0%	0.17%	+11.9%
AGG	Sell	ISHARES TRcore us aggbd et	$512,000	-25.0%	4,525	-26.2%	0.16%	-25.2%
SBUX	Buy	STARBUCKS CORP	$509,000	+5.6%	5,758	+0.1%	0.16%	+5.2%
NVS	Sell	NOVARTIS A Gsponsored adr	$483,000	-17.4%	5,560	-13.3%	0.15%	-17.2%
HSY	Buy	HERSHEY CO	$463,000	+17.5%	2,989	+1.7%	0.15%	+17.6%
CRM	Sell	SALESFORCE COM INC	$428,000	-2.9%	2,885	-0.7%	0.14%	-2.9%
COP	Sell	CONOCOPHILLIPS	$419,000	-23.8%	7,361	-18.4%	0.13%	-24.0%
WELL	Sell	WELLTOWER INC	$418,000	-6.9%	4,610	-16.3%	0.13%	-7.0%
MO	Sell	ALTRIA GROUP INC	$399,000	-60.2%	9,748	-54.0%	0.13%	-60.2%
ABBV	Sell	ABBVIE INC	$384,000	-1.3%	5,070	-5.2%	0.12%	-1.6%
CSX	Buy	CSX CORP	$370,000	-2.4%	5,338	+9.1%	0.12%	-2.5%
USB	Sell	US BANCORP DEL	$357,000	+5.0%	6,451	-0.7%	0.11%	+5.6%
AEP	Buy	AMERICAN ELEC PWR CO INC	$348,000	+6.4%	3,717	+0.1%	0.11%	+6.7%
VEA	Sell	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$339,000	-9.1%	8,248	-7.8%	0.11%	-9.2%
ET	Sell	ENERGY TRANSFER LP	$323,000	-7.4%	24,680	-0.4%	0.10%	-7.2%
PYPL	Sell	PAYPAL HLDGS INC	$323,000	-11.0%	3,120	-1.6%	0.10%	-11.2%
CELG	Sell	CELGENE CORP	$308,000	+5.5%	3,105	-1.7%	0.10%	+5.4%
KBWB	Sell	INVESCO EXCHNG TRADED FD TRkbw bk etf	$306,000	-19.5%	5,949	-21.0%	0.10%	-19.8%
FSV	Buy	FIRSTSERVICE CORP NEW	$291,000	+24.4%	2,835	+16.4%	0.09%	+24.0%
ETN	Buy	EATON CORP PLC	$287,000	+9.1%	3,454	+9.4%	0.09%	+8.3%
RTN	Buy	RAYTHEON CO	$283,000	+31.6%	1,443	+16.7%	0.09%	+32.4%
PM	Sell	PHILIP MORRIS INTL INC	$283,000	-51.9%	3,726	-50.3%	0.09%	-51.9%
FIDU	Sell	FIDELITY COVINGTON TRmsci indl indx	$279,000	-16.7%	7,000	-17.0%	0.09%	-16.8%
FNCL	Sell	FIDELITY COVINGTON TRmsci finls idx	$275,000	-8.0%	6,762	-9.4%	0.09%	-8.4%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$269,000	-3.6%	1,605	-3.9%	0.09%	-3.4%
NBTB	New	NBT BANCORP INC	$266,000	–	7,279	–	0.08%	–
ORCL	Buy	ORACLE CORP	$263,000	-3.3%	4,788	+0.1%	0.08%	-3.4%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$260,000	-13.3%	9,293	-14.5%	0.08%	-13.5%
ATO	Buy	ATMOS ENERGY CORP	$252,000	+7.7%	2,217	+0.0%	0.08%	+6.7%
D	Buy	DOMINION ENERGY INC	$234,000	+9.3%	2,889	+4.4%	0.07%	+8.8%
SYK	Sell	STRYKER CORP	$233,000	-19.4%	1,075	-23.5%	0.07%	-19.6%
UNH	New	UNITEDHEALTH GROUP INC	$224,000	–	1,032	–	0.07%	–
AMGN	New	AMGEN INC	$216,000	–	1,117	–	0.07%	–
HPQ	Buy	HP INC	$214,000	-8.9%	11,312	+0.1%	0.07%	-9.3%
GLW	Buy	CORNING INC	$210,000	-11.4%	7,380	+3.5%	0.07%	-10.7%
GS	New	GOLDMAN SACHS GROUP INC	$200,000	–	963	–	0.06%	–
HPE	Buy	HEWLETT PACKARD ENTERPRISE C	$171,000	+1.8%	11,274	+0.1%	0.05%	0.0%
EGY	New	VAALCO ENERGY INC	$20,000	–	10,000	–	0.01%	–
FCEL	New	FUELCELL ENERGY INC	$5,000	–	15,333	–	0.00%	–
NFLX	Exit	NETFLIX INC	$0	–	-610	–	-0.07%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-8,025	–	-0.07%	–
IBMH	Exit	ISHARES TRibonds sep19 etf	$0	–	-9,175	–	-0.07%	–
BSCJ	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-14,507	–	-0.10%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-2,311	–	-0.11%	–
BSJK	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-14,477	–	-0.11%	–
BSCK	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-16,955	–	-0.12%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,360	–	-0.12%	–

Q2 2019

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmin vol usa etf	$64,148,000	–	1,039,178	–	20.43%	–
SPTM	New	SPDR SERIES TRUSTportfolio tl stk	$42,532,000	–	1,166,551	–	13.55%	–
EUSA	New	ISHARES INCmsci equal weite	$19,513,000	–	328,948	–	6.22%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$16,208,000	–	207,686	–	5.16%	–
PG	New	PROCTER AND GAMBLE CO	$14,746,000	–	134,478	–	4.70%	–
VRIG	New	INVESCO ACTIVELY MANAGD ETFvar rate invt	$12,905,000	–	518,903	–	4.11%	–
AAPL	New	APPLE INC	$11,648,000	–	58,850	–	3.71%	–
MSFT	New	MICROSOFT CORP	$8,574,000	–	64,006	–	2.73%	–
AMZN	New	AMAZON COM INC	$7,637,000	–	4,033	–	2.43%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,804,000	–	31,920	–	2.17%	–
MA	New	MASTERCARD INCcl a	$5,884,000	–	22,245	–	1.87%	–
MRK	New	MERCK & CO INC	$5,123,000	–	61,092	–	1.63%	–
DIS	New	DISNEY WALT CO	$5,068,000	–	36,294	–	1.61%	–
HD	New	HOME DEPOT INC	$4,365,000	–	20,989	–	1.39%	–
UTX	New	UNITED TECHNOLOGIES CORP	$4,294,000	–	32,984	–	1.37%	–
PFE	New	PFIZER INC	$3,900,000	–	90,027	–	1.24%	–
JNJ	New	JOHNSON & JOHNSON	$3,800,000	–	27,280	–	1.21%	–
MCD	New	MCDONALDS CORP	$3,217,000	–	15,489	–	1.02%	–
DUK	New	DUKE ENERGY CORP NEW	$2,970,000	–	33,662	–	0.95%	–
JPM	New	JPMORGAN CHASE & CO	$2,961,000	–	26,481	–	0.94%	–
HON	New	HONEYWELL INTL INC	$2,863,000	–	16,399	–	0.91%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$2,833,000	–	21,703	–	0.90%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,777,000	–	48,603	–	0.88%	–
IWV	New	ISHARES TRrussell 3000 etf	$2,553,000	–	14,809	–	0.81%	–
WMT	New	WALMART INC	$2,483,000	–	22,471	–	0.79%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,055,000	–	1,902	–	0.65%	–
FB	New	FACEBOOK INCcl a	$1,965,000	–	10,183	–	0.63%	–
V	New	VISA INC	$1,806,000	–	10,404	–	0.58%	–
XOM	New	EXXON MOBIL CORP	$1,804,000	–	23,541	–	0.58%	–
CVX	New	CHEVRON CORP NEW	$1,797,000	–	14,443	–	0.57%	–
HDV	New	ISHARES TRcore high dv etf	$1,666,000	–	17,634	–	0.53%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,567,000	–	16,911	–	0.50%	–
KO	New	COCA COLA CO	$1,470,000	–	28,863	–	0.47%	–
CSCO	New	CISCO SYS INC	$1,454,000	–	26,562	–	0.46%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,328,000	–	1,226	–	0.42%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,293,000	–	4,413	–	0.41%	–
T	New	AT&T INC	$1,260,000	–	37,594	–	0.40%	–
VTHR	New	VANGUARD SCOTTSDALE FDSvng rus3000idx	$1,227,000	–	9,160	–	0.39%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,146,000	–	8,347	–	0.36%	–
AMTD	New	TD AMERITRADE HLDG CORP	$1,142,000	–	19,571	–	0.36%	–
LMT	New	LOCKHEED MARTIN CORP	$1,083,000	–	2,979	–	0.34%	–
BA	New	BOEING CO	$1,075,000	–	2,952	–	0.34%	–
INTC	New	INTEL CORP	$1,062,000	–	22,183	–	0.34%	–
SO	New	SOUTHERN CO	$1,041,000	–	18,823	–	0.33%	–
RNST	New	RENASANT CORP	$1,018,000	–	28,324	–	0.32%	–
MO	New	ALTRIA GROUP INC	$1,003,000	–	21,186	–	0.32%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$873,000	–	15,033	–	0.28%	–
PEP	New	PEPSICO INC	$770,000	–	5,870	–	0.24%	–
BDX	New	BECTON DICKINSON & CO	$738,000	–	2,928	–	0.24%	–
AGG	New	ISHARES TRcore us aggbd et	$683,000	–	6,133	–	0.22%	–
LLY	New	LILLY ELI & CO	$643,000	–	5,803	–	0.20%	–
AFL	New	AFLAC INC	$642,000	–	11,722	–	0.20%	–
PM	New	PHILIP MORRIS INTL INC	$588,000	–	7,490	–	0.19%	–
ABT	New	ABBOTT LABS	$587,000	–	6,979	–	0.19%	–
NVS	New	NOVARTIS A Gsponsored adr	$585,000	–	6,410	–	0.19%	–
UNP	New	UNION PACIFIC CORP	$578,000	–	3,420	–	0.18%	–
ITOT	New	ISHARES TRcore s&p ttl stk	$576,000	–	8,652	–	0.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$559,000	–	1,902	–	0.18%	–
CAT	New	CATERPILLAR INC DEL	$552,000	–	4,050	–	0.18%	–
WFC	New	WELLS FARGO CO NEW	$548,000	–	11,580	–	0.18%	–
COP	New	CONOCOPHILLIPS	$550,000	–	9,024	–	0.18%	–
BAC	New	BANK AMER CORP	$535,000	–	18,453	–	0.17%	–
SBUX	New	STARBUCKS CORP	$482,000	–	5,752	–	0.15%	–
MMM	New	3M CO	$475,000	–	2,742	–	0.15%	–
NEE	New	NEXTERA ENERGY INC	$473,000	–	2,311	–	0.15%	–
WELL	New	WELLTOWER INC	$449,000	–	5,510	–	0.14%	–
CRM	New	SALESFORCE COM INC	$441,000	–	2,905	–	0.14%	–
CVS	New	CVS HEALTH CORP	$439,000	–	8,061	–	0.14%	–
HSY	New	HERSHEY CO	$394,000	–	2,939	–	0.12%	–
IGSB	New	ISHARES TRsh tr crport etf	$391,000	–	7,318	–	0.12%	–
ABBV	New	ABBVIE INC	$389,000	–	5,350	–	0.12%	–
SJM	New	SMUCKER J M CO	$387,000	–	3,360	–	0.12%	–
KBWB	New	INVESCO EXCHNG TRADED FD TRkbw bk etf	$380,000	–	7,526	–	0.12%	–
CSX	New	CSX CORP	$379,000	–	4,894	–	0.12%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$373,000	–	8,947	–	0.12%	–
PYPL	New	PAYPAL HLDGS INC	$363,000	–	3,170	–	0.12%	–
BSCK	New	INVESCO EXCH TRD SLF IDX FD	$360,000	–	16,955	–	0.12%	–
EOG	New	EOG RES INC	$353,000	–	3,791	–	0.11%	–
ET	New	ENERGY TRANSFER LP	$349,000	–	24,780	–	0.11%	–
IHE	New	ISHARES TRu.s. pharma etf	$349,000	–	2,311	–	0.11%	–
BSJK	New	INVESCO EXCH TRD SLF IDX FD	$349,000	–	14,477	–	0.11%	–
USB	New	US BANCORP DEL	$340,000	–	6,497	–	0.11%	–
FIDU	New	FIDELITYmsci indl indx	$335,000	–	8,432	–	0.11%	–
AEP	New	AMERICAN ELEC PWR CO INC	$327,000	–	3,714	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$318,000	–	1	–	0.10%	–
BSCJ	New	INVESCO EXCH TRD SLF IDX FD	$306,000	–	14,507	–	0.10%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$300,000	–	10,872	–	0.10%	–
FNCL	New	FIDELITYmsci finls idx	$299,000	–	7,465	–	0.10%	–
CELG	New	CELGENE CORP	$292,000	–	3,160	–	0.09%	–
SYK	New	STRYKER CORP	$289,000	–	1,406	–	0.09%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$282,000	–	2,427	–	0.09%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$279,000	–	1,671	–	0.09%	–
IVV	New	ISHARES TRcore s&p500 etf	$273,000	–	925	–	0.09%	–
ORCL	New	ORACLE CORP	$272,000	–	4,781	–	0.09%	–
KMB	New	KIMBERLY CLARK CORP	$273,000	–	2,049	–	0.09%	–
ETN	New	EATON CORP PLC	$263,000	–	3,158	–	0.08%	–
HPQ	New	HP INC	$235,000	–	11,305	–	0.08%	–
ATO	New	ATMOS ENERGY CORP	$234,000	–	2,216	–	0.08%	–
FSV	New	FIRSTSERVICE CORP NEW	$234,000	–	2,435	–	0.08%	–
IBMI	New	ISHARES TRibonds sep2020	$234,000	–	9,175	–	0.08%	–
GLW	New	CORNING INC	$237,000	–	7,130	–	0.08%	–
IBMH	New	ISHARES TRibonds sep19 etf	$233,000	–	9,175	–	0.07%	–
DVA	New	DAVITA INC	$231,000	–	4,100	–	0.07%	–
WMB	New	WILLIAMS COS INC DEL	$225,000	–	8,025	–	0.07%	–
NFLX	New	NETFLIX INC	$224,000	–	610	–	0.07%	–
D	New	DOMINION ENERGY INC	$214,000	–	2,766	–	0.07%	–
RTN	New	RAYTHEON CO	$215,000	–	1,236	–	0.07%	–
WEN	New	WENDYS CO	$207,000	–	10,587	–	0.07%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$168,000	–	11,267	–	0.05%	–

Q4 2018

			Value		Shares		↓ Weighting
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-10,657	–	-0.04%	–
HPE	Exit	HEWLETT PACKARD ENTERPRISE C	$0	–	-11,249	–	-0.06%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.06%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-17,331	–	-0.07%	–
ATO	Exit	ATMOS ENERGY CORP	$0	–	-2,154	–	-0.07%	–
FSV	Exit	FIRSTSERVICE CORP NEWsub vtg sh	$0	–	-2,435	–	-0.07%	–
AMGN	Exit	AMGEN INC	$0	–	-1,012	–	-0.07%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-2,766	–	-0.07%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-3,355	–	-0.08%	–
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-9,175	–	-0.08%	–
IBMH	Exit	ISHARES TRibonds sep19 etf	$0	–	-9,175	–	-0.08%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-1,065	–	-0.08%	–
BIIB	Exit	BIOGEN INC	$0	–	-675	–	-0.08%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,934	–	-0.08%	–
GLW	Exit	CORNING INC	$0	–	-6,880	–	-0.08%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-9,106	–	-0.08%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,112	–	-0.08%	–
SYK	Exit	STRYKER CORP	$0	–	-1,406	–	-0.08%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,317	–	-0.09%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-934	–	-0.09%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,817	–	-0.09%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-1,680	–	-0.09%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,570	–	-0.10%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,558	–	-0.10%	–
HPQ	Exit	HP INC	$0	–	-11,286	–	-0.10%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,981	–	-0.10%	–
DVA	Exit	DAVITA INC	$0	–	-4,100	–	-0.10%	–
USB	Exit	US BANCORP DEL	$0	–	-5,588	–	-0.10%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-1,776	–	-0.10%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,022	–	-0.10%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,351	–	-0.10%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,072	–	-0.11%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.11%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-15,000	–	-0.11%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,291	–	-0.12%	–
IGSB	Exit	ISHARES TRsh tr crport etf	$0	–	-6,750	–	-0.12%	–
ABBV	Exit	ABBVIE INC	$0	–	-3,745	–	-0.12%	–
IYC	Exit	ISHARES TRu.s. cnsm sv etf	$0	–	-1,693	–	-0.12%	–
CSX	Exit	CSX CORP	$0	–	-4,893	–	-0.12%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-4,170	–	-0.12%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-6,810	–	-0.14%	–
WELL	Exit	WELLTOWER INC	$0	–	-6,689	–	-0.14%	–
C	Exit	CITIGROUP INC	$0	–	-6,004	–	-0.14%	–
XLE	Exit	SELECT SECTOR SPDR TRenergy	$0	–	-5,885	–	-0.15%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-16,409	–	-0.15%	–
CELG	Exit	CELGENE CORP	$0	–	-5,376	–	-0.16%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,055	–	-0.16%	–
AFL	Exit	AFLAC INC	$0	–	-10,573	–	-0.17%	–
MMM	Exit	3M CO	$0	–	-2,475	–	-0.18%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-6,233	–	-0.18%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,411	–	-0.19%	–
BAC	Exit	BANK AMER CORP	$0	–	-18,801	–	-0.19%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,352	–	-0.19%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,367	–	-0.19%	–
PEP	Exit	PEPSICO INC	$0	–	-5,240	–	-0.20%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-17,463	–	-0.22%	–
FNCL	Exit	FIDELITYmsci finls idx	$0	–	-16,560	–	-0.22%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-4,509	–	-0.23%	–
FIDU	Exit	FIDELITYmsci indl indx	$0	–	-17,265	–	-0.23%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-9,549	–	-0.25%	–
SO	Exit	SOUTHERN CO	$0	–	-17,039	–	-0.25%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-9,481	–	-0.25%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,853	–	-0.25%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-9,332	–	-0.26%	–
BSCJ	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-36,119	–	-0.26%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-14,547	–	-0.26%	–
BSJK	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-36,513	–	-0.30%	–
BSCK	Exit	INVESCO EXCH TRD SLF IDX FD	$0	–	-42,100	–	-0.30%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-17,034	–	-0.30%	–
INTC	Exit	INTEL CORP	$0	–	-19,547	–	-0.31%	–
T	Exit	AT&T INC	$0	–	-28,991	–	-0.33%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-848	–	-0.34%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-6,839	–	-0.38%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-8,361	–	-0.38%	–
IWV	Exit	ISHARES TRrussell 3000 etf	$0	–	-6,703	–	-0.39%	–
BA	Exit	BOEING CO	$0	–	-3,130	–	-0.39%	–
RNST	Exit	RENASANT CORP	$0	–	-28,324	–	-0.39%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,470	–	-0.40%	–
V	Exit	VISA INC	$0	–	-8,113	–	-0.41%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-28,442	–	-0.41%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-20,423	–	-0.42%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-20,833	–	-0.42%	–
CSCO	Exit	CISCO SYS INC	$0	–	-27,203	–	-0.44%	–
KO	Exit	COCA COLA CO	$0	–	-29,135	–	-0.45%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,748	–	-0.51%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-12,609	–	-0.52%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-17,216	–	-0.55%	–
KBWB	Exit	INVESCO EXCHNG TRADED FD TRkbw bk	$0	–	-30,985	–	-0.56%	–
VTHR	Exit	VANGUARD SCOTTSDALE FDSvng rus3000idx	$0	–	-13,130	–	-0.59%	–
WMT	Exit	WALMART INC	$0	–	-19,459	–	-0.61%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-22,425	–	-0.68%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-40,807	–	-0.73%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,844	–	-0.74%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-27,597	–	-0.74%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-14,349	–	-0.80%	–
MCD	Exit	MCDONALDS CORP	$0	–	-14,714	–	-0.83%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-23,368	–	-0.88%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-22,359	–	-1.05%	–
PFE	Exit	PFIZER INC	$0	–	-76,445	–	-1.07%	–
AAPL	Exit	APPLE INC	$0	–	-58,455	–	-1.11%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-24,992	–	-1.16%	–
DIS	Exit	DISNEY WALT CO	$0	–	-33,851	–	-1.33%	–
MRK	Exit	MERCK & CO INC	$0	–	-56,036	–	-1.34%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-23,807	–	-1.34%	–
HD	Exit	HOME DEPOT INC	$0	–	-19,849	–	-1.38%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-32,329	–	-1.52%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-21,279	–	-1.59%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-30,251	–	-2.17%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-59,392	–	-2.28%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,864	–	-2.60%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-105,807	–	-3.75%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-142,622	–	-3.98%	–
VRIG	Exit	INVESCO ACTIVELY MANAGD ETFvar rate invt	$0	–	-591,057	–	-4.98%	–
EUSA	Exit	ISHARES INCmsci equal weite	$0	–	-282,411	–	-5.59%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-262,872	–	-6.65%	–
SPTM	Exit	SPDR SERIES TRUSTportfolio tl stk	$0	–	-967,947	–	-11.76%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-992,826	–	-19.01%	–

Q3 2018

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmin vol usa etf	$56,631,000	+6.7%	992,826	-0.6%	19.01%	-0.4%
SPTM	Buy	SPDR SERIES TRUSTportfolio tl stk	$35,040,000	+24.6%	967,947	+16.9%	11.76%	+16.3%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$19,802,000	-14.2%	262,872	-20.9%	6.65%	-19.9%
EUSA	Buy	ISHARES INCmsci equal weite	$16,653,000	+19.8%	282,411	+14.6%	5.59%	+11.8%
VRIG	New	INVESCO ACTIVELY MANAGD ETFvar rate invt	$14,830,000	–	591,057	–	4.98%	–
PG	Buy	PROCTER AND GAMBLE CO	$11,870,000	+11.8%	142,622	+4.8%	3.98%	+4.3%
AGG	Sell	ISHARES TRcore us aggbd et	$11,165,000	-35.5%	105,807	-35.0%	3.75%	-39.8%
AMZN	Sell	AMAZON COM INC	$7,740,000	+13.0%	3,864	-4.1%	2.60%	+5.5%
MSFT	Buy	MICROSOFT CORP	$6,793,000	+21.9%	59,392	+5.1%	2.28%	+13.8%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$6,477,000	+23.0%	30,251	+7.2%	2.17%	+14.8%
MA	Sell	MASTERCARD INCORPORATEDcl a	$4,737,000	+9.1%	21,279	-3.6%	1.59%	+1.9%
UTX	New	UNITED TECHNOLOGIES CORP	$4,520,000	–	32,329	–	1.52%	–
HD	Buy	HOME DEPOT INC	$4,112,000	+8.6%	19,849	+2.2%	1.38%	+1.3%
IHE	Sell	ISHARES TRu.s. pharma etf	$3,996,000	-6.1%	23,807	-15.3%	1.34%	-12.3%
MRK	Buy	MERCK & CO INC	$3,975,000	+25.8%	56,036	+7.7%	1.34%	+17.5%
DIS	Buy	DISNEY WALT CO	$3,959,000	+14.1%	33,851	+2.3%	1.33%	+6.6%
JNJ	Buy	JOHNSON & JOHNSON	$3,453,000	+20.3%	24,992	+5.7%	1.16%	+12.3%
AAPL	Sell	APPLE INC	$3,299,000	-69.7%	58,455	-0.5%	1.11%	-71.7%
PFE	Buy	PFIZER INC	$3,196,000	+22.1%	76,445	+6.0%	1.07%	+14.0%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$3,116,000	+2.3%	22,359	-0.3%	1.05%	-4.5%
JPM	Sell	JPMORGAN CHASE & CO	$2,637,000	+7.9%	23,368	-0.3%	0.88%	+0.8%
MCD	Buy	MCDONALDS CORP	$2,461,000	+13.7%	14,714	+6.5%	0.83%	+6.0%
HON	Buy	HONEYWELL INTL INC	$2,388,000	+44.6%	14,349	+25.1%	0.80%	+35.0%
DUK	Buy	DUKE ENERGY CORP NEW	$2,208,000	+45.2%	27,597	+43.5%	0.74%	+35.5%
GOOG	Sell	ALPHABET INCcap stk cl c	$2,201,000	+5.1%	1,844	-1.8%	0.74%	-1.9%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,179,000	+4.0%	40,807	-2.0%	0.73%	-2.9%
HDV	Sell	ISHARES TRcore high dv etf	$2,030,000	-23.9%	22,425	-28.5%	0.68%	-28.9%
WMT	Buy	WALMART INC	$1,827,000	+33.6%	19,459	+21.9%	0.61%	+24.6%
VTHR	Sell	VANGUARD SCOTTSDALE FDSvng rus3000idx	$1,755,000	-11.0%	13,130	-16.3%	0.59%	-16.9%
KBWB	Sell	INVESCO EXCHNG TRADED FD TRkbw bk	$1,675,000	-6.5%	30,985	-7.3%	0.56%	-12.7%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$1,638,000	+34.5%	17,216	+17.9%	0.55%	+25.6%
CVX	Buy	CHEVRON CORP NEW	$1,542,000	-3.0%	12,609	+0.3%	0.52%	-9.3%
XOM	Buy	EXXON MOBIL CORP	$1,509,000	+10.3%	17,748	+7.3%	0.51%	+3.0%
KO	Buy	COCA COLA CO	$1,346,000	+45.5%	29,135	+38.2%	0.45%	+35.7%
CSCO	Sell	CISCO SYS INC	$1,323,000	+11.0%	27,203	-1.8%	0.44%	+3.5%
MO	Sell	ALTRIA GROUP INC	$1,256,000	+5.1%	20,833	-1.0%	0.42%	-1.9%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,242,000	+5.8%	20,423	+0.7%	0.42%	-1.2%
VEA	Sell	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$1,231,000	-86.5%	28,442	-86.6%	0.41%	-87.4%
V	Sell	VISA INC	$1,218,000	+13.1%	8,113	-0.2%	0.41%	+5.7%
LMT	Sell	LOCKHEED MARTIN CORP	$1,200,000	+5.0%	3,470	-10.3%	0.40%	-1.9%
RNST	Sell	RENASANT CORP	$1,167,000	-21.3%	28,324	-13.1%	0.39%	-26.5%
BA	Buy	BOEING CO	$1,164,000	+18.4%	3,130	+6.8%	0.39%	+10.8%
IWV	Sell	ISHARES TRrussell 3000 etf	$1,155,000	-0.4%	6,703	-6.2%	0.39%	-7.0%
PNC	Buy	PNC FINL SVCS GROUP INC	$1,139,000	+2.5%	8,361	+1.7%	0.38%	-4.5%
FB	Buy	FACEBOOK INCcl a	$1,125,000	-0.9%	6,839	+17.0%	0.38%	-7.4%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,024,000	+26.0%	848	+17.8%	0.34%	+17.8%
T	Buy	AT&T INC	$974,000	+11.7%	28,991	+6.7%	0.33%	+4.1%
INTC	Buy	INTEL CORP	$924,000	-3.3%	19,547	+1.6%	0.31%	-9.9%
WFC	Sell	WELLS FARGO CO NEW	$895,000	-12.0%	17,034	-7.2%	0.30%	-18.0%
BSJK	New	INVESCO EXCH TRD SLF IDX FD	$888,000	–	36,513	–	0.30%	–
BSCK	New	INVESCO EXCH TRD SLF IDX FD	$887,000	–	42,100	–	0.30%	–
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$785,000	-3.6%	14,547	-8.0%	0.26%	-9.9%
BSCJ	New	INVESCO EXCH TRD SLF IDX FD	$761,000	–	36,119	–	0.26%	–
PM	Sell	PHILIP MORRIS INTL INC	$761,000	-9.6%	9,332	-10.5%	0.26%	-15.8%
CVS	Buy	CVS HEALTH CORP	$746,000	+25.4%	9,481	+2.5%	0.25%	+16.8%
SO	Buy	SOUTHERN CO	$743,000	-2.0%	17,039	+4.1%	0.25%	-8.8%
COP	Buy	CONOCOPHILLIPS	$739,000	+20.0%	9,549	+7.9%	0.25%	+11.7%
FIDU	Sell	FIDELITYmsci indl indx	$694,000	-21.6%	17,265	-27.7%	0.23%	-26.7%
FNCL	Sell	FIDELITYmsci finls idx	$668,000	-1.9%	16,560	-4.7%	0.22%	-8.6%
PFF	Sell	ISHARES TRs&p us pfd stk	$648,000	-35.0%	17,463	-33.9%	0.22%	-39.3%
PEP	Buy	PEPSICO INC	$586,000	+25.2%	5,240	+21.8%	0.20%	+17.3%
LLY	Buy	LILLY ELI & CO	$576,000	+25.8%	5,367	+0.0%	0.19%	+17.0%
UNP	Buy	UNION PAC CORP	$555,000	+14.9%	3,411	+0.1%	0.19%	+6.9%
BAC	Sell	BANK AMER CORP	$554,000	+1.3%	18,801	-3.0%	0.19%	-5.6%
NVS	Buy	NOVARTIS A Gsponsored adr	$537,000	+19.9%	6,233	+5.1%	0.18%	+11.8%
MMM	Buy	3M CO	$522,000	+8.1%	2,475	+0.8%	0.18%	+0.6%
AFL	Buy	AFLAC INC	$498,000	+9.5%	10,573	+0.0%	0.17%	+1.8%
CRM	Buy	SALESFORCE COM INC	$486,000	+21.5%	3,055	+4.1%	0.16%	+13.2%
CELG	Buy	CELGENE CORP	$481,000	+25.9%	5,376	+11.9%	0.16%	+17.5%
XLF	Sell	SELECT SECTOR SPDR TRsbi int-finl	$453,000	+2.5%	16,409	-1.2%	0.15%	-4.4%
XLE	Buy	SELECT SECTOR SPDR TRenergy	$446,000	0.0%	5,885	+0.2%	0.15%	-6.2%
C	Sell	CITIGROUP INC	$431,000	+6.7%	6,004	-0.5%	0.14%	0.0%
WELL	Sell	WELLTOWER INC	$430,000	-5.9%	6,689	-8.2%	0.14%	-12.2%
SLB	Sell	SCHLUMBERGER LTD	$415,000	-29.1%	6,810	-21.9%	0.14%	-33.8%
PYPL	Sell	PAYPAL HLDGS INC	$366,000	-3.2%	4,170	-8.0%	0.12%	-9.6%
CSX	Buy	CSX CORP	$362,000	+16.0%	4,893	+0.0%	0.12%	+8.9%
IYC	Sell	ISHARES TRu.s. cnsm sv etf	$358,000	-3.2%	1,693	-11.3%	0.12%	-9.8%
ABBV	Sell	ABBVIE INC	$354,000	-6.8%	3,745	-8.6%	0.12%	-13.1%
IGSB	Buy	ISHARES TRsh tr crport etf	$350,000	-2.5%	6,750	+94.8%	0.12%	-8.5%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$346,000	-7.5%	2,291	-14.3%	0.12%	-13.4%
SBUX	Sell	STARBUCKS CORP	$304,000	+0.3%	5,351	-13.7%	0.10%	-6.4%
NEE	Sell	NEXTERA ENERGY INC	$298,000	-6.9%	1,776	-7.2%	0.10%	-13.0%
USB	Buy	US BANCORP DEL	$295,000	+5.7%	5,588	+0.1%	0.10%	-1.0%
ABT	New	ABBOTT LABS	$292,000	–	3,981	–	0.10%	–
HPQ	New	HP INC	$291,000	–	11,286	–	0.10%	–
GLD	Buy	SPDR GOLD TRUST	$288,000	+14.3%	2,558	+20.2%	0.10%	+6.6%
ORCL	Sell	ORACLE CORP	$287,000	+12.1%	5,570	-4.2%	0.10%	+4.3%
QCOM	Sell	QUALCOMM INC	$275,000	+27.3%	3,817	-1.0%	0.09%	+17.9%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$272,000	-20.7%	934	-26.2%	0.09%	-26.0%
RTN	Sell	RAYTHEON CO	$272,000	0.0%	1,317	-6.5%	0.09%	-7.1%
GS	Sell	GOLDMAN SACHS GROUP INC	$249,000	-7.1%	1,112	-8.4%	0.08%	-12.5%
SYK	Sell	STRYKER CORP	$250,000	-1.6%	1,406	-6.6%	0.08%	-7.7%
WMB	Buy	WILLIAMS COS INC DEL	$248,000	+3.8%	9,106	+3.2%	0.08%	-3.5%
BMY	New	BRISTOL MYERS SQUIBB CO	$244,000	–	3,934	–	0.08%	–
GLW	Sell	CORNING INC	$243,000	+15.7%	6,880	-9.8%	0.08%	+7.9%
BIIB	Sell	BIOGEN INC	$238,000	+7.2%	675	-11.8%	0.08%	0.0%
EFA	Sell	ISHARES TRmsci eafe etf	$228,000	-88.7%	3,355	-88.9%	0.08%	-89.4%
XLI	Sell	SELECT SECTOR SPDR TRsbi int-inds	$217,000	-11.4%	2,766	-19.0%	0.07%	-17.0%
AMGN	New	AMGEN INC	$210,000	–	1,012	–	0.07%	–
FSV	New	FIRSTSERVICE CORP NEWsub vtg sh	$206,000	–	2,435	–	0.07%	–
ATO	New	ATMOS ENERGY CORP	$202,000	–	2,154	–	0.07%	–
GE	Sell	GENERAL ELECTRIC CO	$196,000	-36.8%	17,331	-24.0%	0.07%	-40.5%
HPE	Sell	HEWLETT PACKARD ENTERPRISE C	$183,000	+7.6%	11,249	-3.1%	0.06%	0.0%
IBMG	Exit	ISHARES TRibonds sep18 etf	$0	–	-9,275	–	-0.08%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-5,860	–	-0.09%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-3,515	–	-0.09%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-3,902	–	-0.11%	–

Q2 2018

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmin vol usa etf	$53,084,000	–	998,579	–	19.09%	–
SPTM	New	SPDR SERIES TRUSTportfolio tl stk	$28,132,000	–	827,659	–	10.12%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$23,092,000	–	332,404	–	8.30%	–
AGG	New	ISHARES TRcore us aggbd et	$17,314,000	–	162,847	–	6.23%	–
EUSA	New	ISHARES INCmsci equal weite	$13,903,000	–	246,461	–	5.00%	–
AAPL	New	APPLE INC	$10,880,000	–	58,775	–	3.91%	–
PG	New	PROCTER AND GAMBLE CO	$10,620,000	–	136,043	–	3.82%	–
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$9,105,000	–	212,236	–	3.27%	–
AMZN	New	AMAZON COM INC	$6,850,000	–	4,030	–	2.46%	–
MSFT	New	MICROSOFT CORP	$5,574,000	–	56,526	–	2.00%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,265,000	–	28,208	–	1.89%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,340,000	–	22,082	–	1.56%	–
IHE	New	ISHARES TRu.s. pharma etf	$4,256,000	–	28,116	–	1.53%	–
HD	New	HOME DEPOT INC	$3,788,000	–	19,416	–	1.36%	–
DIS	New	DISNEY WALT CO	$3,469,000	–	33,101	–	1.25%	–
MRK	New	MERCK & CO INC	$3,160,000	–	52,052	–	1.14%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$3,046,000	–	22,434	–	1.10%	–
JNJ	New	JOHNSON & JOHNSON	$2,870,000	–	23,648	–	1.03%	–
HDV	New	ISHARES TRcore high dv etf	$2,667,000	–	31,382	–	0.96%	–
PFE	New	PFIZER INC	$2,618,000	–	72,151	–	0.94%	–
JPM	New	JPMORGAN CHASE & CO	$2,443,000	–	23,441	–	0.88%	–
MCD	New	MCDONALDS CORP	$2,165,000	–	13,817	–	0.78%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,096,000	–	41,659	–	0.75%	–
GOOG	New	ALPHABET INCcap stk cl c	$2,095,000	–	1,878	–	0.75%	–
EFA	New	ISHARES TRmsci eafe etf	$2,016,000	–	30,099	–	0.72%	–
VTHR	New	VANGUARD SCOTTSDALE FDSvng rus3000idx	$1,972,000	–	15,680	–	0.71%	–
KBWB	New	INVESCO EXCHNG TRADED FD TRkbw bk	$1,792,000	–	33,419	–	0.64%	–
HON	New	HONEYWELL INTL INC	$1,652,000	–	11,467	–	0.59%	–
CVX	New	CHEVRON CORP NEW	$1,589,000	–	12,566	–	0.57%	–
DUK	New	DUKE ENERGY CORP NEW	$1,521,000	–	19,228	–	0.55%	–
RNST	New	RENASANT CORP	$1,483,000	–	32,579	–	0.53%	–
WMT	New	WALMART INC	$1,368,000	–	15,966	–	0.49%	–
XOM	New	EXXON MOBIL CORP	$1,368,000	–	16,537	–	0.49%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,218,000	–	14,599	–	0.44%	–
MO	New	ALTRIA GROUP INC	$1,195,000	–	21,039	–	0.43%	–
CSCO	New	CISCO SYS INC	$1,192,000	–	27,706	–	0.43%	–
AMTD	New	TD AMERITRADE HLDG CORP	$1,174,000	–	20,289	–	0.42%	–
IWV	New	ISHARES TRrussell 3000 etf	$1,160,000	–	7,148	–	0.42%	–
LMT	New	LOCKHEED MARTIN CORP	$1,143,000	–	3,870	–	0.41%	–
FB	New	FACEBOOK INCcl a	$1,135,000	–	5,843	–	0.41%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,111,000	–	8,222	–	0.40%	–
V	New	VISA INC	$1,077,000	–	8,133	–	0.39%	–
WFC	New	WELLS FARGO CO NEW	$1,017,000	–	18,346	–	0.37%	–
PFF	New	ISHARES TRs&p us pfd stk	$997,000	–	26,433	–	0.36%	–
BA	New	BOEING CO	$983,000	–	2,930	–	0.35%	–
INTC	New	INTEL CORP	$956,000	–	19,231	–	0.34%	–
KO	New	COCA COLA CO	$925,000	–	21,088	–	0.33%	–
FIDU	New	FIDELITYmsci indl indx	$885,000	–	23,870	–	0.32%	–
T	New	AT&T INC	$872,000	–	27,166	–	0.31%	–
PM	New	PHILIP MORRIS INTL INC	$842,000	–	10,428	–	0.30%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$814,000	–	15,805	–	0.29%	–
GOOGL	New	ALPHABET INCcap stk cl a	$813,000	–	720	–	0.29%	–
SO	New	SOUTHERN CO	$758,000	–	16,365	–	0.27%	–
BDX	New	BECTON DICKINSON & CO	$683,000	–	2,853	–	0.25%	–
FNCL	New	FIDELITYmsci finls idx	$681,000	–	17,384	–	0.24%	–
COP	New	CONOCOPHILLIPS	$616,000	–	8,849	–	0.22%	–
CAT	New	CATERPILLAR INC DEL	$612,000	–	4,509	–	0.22%	–
CVS	New	CVS HEALTH CORP	$595,000	–	9,250	–	0.21%	–
SLB	New	SCHLUMBERGER LTD	$585,000	–	8,725	–	0.21%	–
BAC	New	BANK AMER CORP	$547,000	–	19,387	–	0.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$487,000	–	2,352	–	0.18%	–
UNP	New	UNION PAC CORP	$483,000	–	3,408	–	0.17%	–
MMM	New	3M CO	$483,000	–	2,455	–	0.17%	–
PEP	New	PEPSICO INC	$468,000	–	4,301	–	0.17%	–
LLY	New	LILLY ELI & CO	$458,000	–	5,366	–	0.16%	–
AFL	New	AFLAC INC	$455,000	–	10,569	–	0.16%	–
WELL	New	WELLTOWER INC	$457,000	–	7,290	–	0.16%	–
NVS	New	NOVARTIS A Gsponsored adr	$448,000	–	5,933	–	0.16%	–
XLE	New	SELECT SECTOR SPDR TRenergy	$446,000	–	5,875	–	0.16%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$442,000	–	16,607	–	0.16%	–
C	New	CITIGROUP INC	$404,000	–	6,032	–	0.14%	–
CRM	New	SALESFORCE COM INC	$400,000	–	2,935	–	0.14%	–
ABBV	New	ABBVIE INC	$380,000	–	4,098	–	0.14%	–
CELG	New	CELGENE CORP	$382,000	–	4,806	–	0.14%	–
PYPL	New	PAYPAL HLDGS INC	$378,000	–	4,535	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$374,000	–	2,674	–	0.13%	–
IYC	New	ISHARES TRu.s. cnsm sv etf	$370,000	–	1,908	–	0.13%	–
IGSB	New	ISHARES TR1 3 yr cr bd etf	$359,000	–	3,465	–	0.13%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$343,000	–	1,266	–	0.12%	–
SJM	New	SMUCKER J M CO	$330,000	–	3,072	–	0.12%	–
NEE	New	NEXTERA ENERGY INC	$320,000	–	1,914	–	0.12%	–
CSX	New	CSX CORP	$312,000	–	4,892	–	0.11%	–
GE	New	GENERAL ELECTRIC CO	$310,000	–	22,803	–	0.11%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$305,000	–	3,902	–	0.11%	–
SBUX	New	STARBUCKS CORP	$303,000	–	6,200	–	0.11%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$286,000	–	15,000	–	0.10%	–
DVA	New	DAVITA INC	$285,000	–	4,100	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$282,000	–	1	–	0.10%	–
USB	New	US BANCORP DEL	$279,000	–	5,583	–	0.10%	–
IVV	New	ISHARES TRcore s&p500 etf	$279,000	–	1,022	–	0.10%	–
RTN	New	RAYTHEON CO	$272,000	–	1,409	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$268,000	–	1,214	–	0.10%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$265,000	–	1,680	–	0.10%	–
ORCL	New	ORACLE CORP	$256,000	–	5,814	–	0.09%	–
GLD	New	SPDR GOLD TRUST	$252,000	–	2,128	–	0.09%	–
SYK	New	STRYKER CORP	$254,000	–	1,505	–	0.09%	–
EFAV	New	ISHARES TRmin vol eafe etf	$250,000	–	3,515	–	0.09%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$245,000	–	3,415	–	0.09%	–
WMB	New	WILLIAMS COS INC DEL	$239,000	–	8,823	–	0.09%	–
MDLZ	New	MONDELEZ INTL INCcl a	$240,000	–	5,860	–	0.09%	–
IBMG	New	ISHARES TRibonds sep18 etf	$236,000	–	9,275	–	0.08%	–
IBMH	New	ISHARES TRibonds sep19 etf	$233,000	–	9,175	–	0.08%	–
IBMI	New	ISHARES TRibonds sep20 etf	$233,000	–	9,175	–	0.08%	–
IWR	New	ISHARES TRrus mid cap etf	$226,000	–	1,065	–	0.08%	–
BIIB	New	BIOGEN INC	$222,000	–	765	–	0.08%	–
QCOM	New	QUALCOMM INC	$216,000	–	3,855	–	0.08%	–
GLW	New	CORNING INC	$210,000	–	7,630	–	0.08%	–
WEN	New	WENDYS CO	$182,000	–	10,587	–	0.06%	–
HPE	New	HEWLETT PACKARD ENTERPRISE C	$170,000	–	11,614	–	0.06%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$132,000	–	10,657	–	0.05%	–

Q4 2017

			Value		Shares		↓ Weighting
PAH	Exit	PLATFORM SPECIALTY PRODS COR	$0	–	-11,000	–	-0.05%	–
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-10,657	–	-0.06%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.06%	–
STI	Exit	SUNTRUST BKS INC	$0	–	-3,388	–	-0.08%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-880	–	-0.08%	–
AMAT	Exit	APPLIED MATLS INC	$0	–	-4,000	–	-0.08%	–
DHI	Exit	D R HORTON INC	$0	–	-5,384	–	-0.08%	–
GLW	Exit	CORNING INC	$0	–	-7,664	–	-0.09%	–
IBMH	Exit	ISHARES TRibonds sep19 etf	$0	–	-9,175	–	-0.09%	–
SYK	Exit	STRYKER CORP	$0	–	-1,647	–	-0.09%	–
RPM	Exit	RPM INTL INC	$0	–	-4,640	–	-0.09%	–
IBMG	Exit	ISHARES TRibonds sep18 etf	$0	–	-9,275	–	-0.09%	–
IBMI	Exit	ISHARES TRibonds sep20 etf	$0	–	-9,175	–	-0.09%	–
FCOM	Exit	FIDELITY	$0	–	-7,455	–	-0.09%	–
DGRO	Exit	ISHARES TRcore div grwth	$0	–	-7,577	–	-0.10%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-3,916	–	-0.10%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,090	–	-0.10%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,134	–	-0.10%	–
CSX	Exit	CSX CORP	$0	–	-4,891	–	-0.10%	–
BIIB	Exit	BIOGEN INC	$0	–	-858	–	-0.10%	–
BAC	Exit	BANK AMER CORP	$0	–	-10,595	–	-0.10%	–
CMI	Exit	CUMMINS INC	$0	–	-1,611	–	-0.10%	–
ETP	Exit	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$0	–	-15,000	–	-0.11%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.11%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-3,029	–	-0.11%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,095	–	-0.11%	–
DVA	Exit	DAVITA INC	$0	–	-4,725	–	-0.11%	–
PPL	Exit	PPL CORP	$0	–	-7,502	–	-0.11%	–
RTN	Exit	RAYTHEON CO	$0	–	-1,547	–	-0.11%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-3,189	–	-0.11%	–
ORCL	Exit	ORACLE CORP	$0	–	-6,118	–	-0.12%	–
USB	Exit	US BANCORP DEL	$0	–	-5,570	–	-0.12%	–
SPTI	Exit	SPDR SERIES TRUSTblmbrg brc intrm	$0	–	-5,000	–	-0.12%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-10,124	–	-0.12%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-2,092	–	-0.12%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-2,452	–	-0.12%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,072	–	-0.12%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-2,345	–	-0.13%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,850	–	-0.14%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-5,725	–	-0.14%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,231	–	-0.15%	–
UNP	Exit	UNION PAC CORP	$0	–	-3,399	–	-0.15%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,898	–	-0.16%	–
XLI	Exit	SELECT SECTOR SPDR TRsbi int-inds	$0	–	-5,995	–	-0.16%	–
IWV	Exit	ISHARES TRrussell 3000 etf	$0	–	-2,866	–	-0.17%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-2,963	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-3,927	–	-0.17%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-4,160	–	-0.17%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-31,852	–	-0.17%	–
AFL	Exit	AFLAC INC	$0	–	-5,533	–	-0.18%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-2,395	–	-0.18%	–
IGSB	Exit	ISHARES TR1 3 yr cr bd etf	$0	–	-4,680	–	-0.19%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,600	–	-0.20%	–
MMM	Exit	3M CO	$0	–	-2,462	–	-0.20%	–
VAW	Exit	VANGUARD WORLD FDSmaterials etf	$0	–	-4,184	–	-0.21%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-11,049	–	-0.22%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-582	–	-0.22%	–
VDE	Exit	VANGUARD WORLD FDSenergy etf	$0	–	-6,330	–	-0.23%	–
CSCO	Exit	CISCO SYS INC	$0	–	-18,627	–	-0.24%	–
LLY	Exit	LILLY ELI & CO	$0	–	-7,378	–	-0.24%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-9,083	–	-0.25%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-7,573	–	-0.25%	–
BA	Exit	BOEING CO	$0	–	-2,746	–	-0.27%	–
INTC	Exit	INTEL CORP	$0	–	-19,233	–	-0.28%	–
KO	Exit	COCA COLA CO	$0	–	-16,299	–	-0.28%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-14,171	–	-0.30%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-6,189	–	-0.30%	–
FNCL	Exit	FIDELITYmsci finls idx	$0	–	-21,102	–	-0.31%	–
XLF	Exit	SELECT SECTOR SPDR TRsbi int-finl	$0	–	-31,433	–	-0.32%	–
V	Exit	VISA INC	$0	–	-7,757	–	-0.32%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-4,932	–	-0.33%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-12,834	–	-0.39%	–
SO	Exit	SOUTHERN CO	$0	–	-20,648	–	-0.39%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-9,516	–	-0.41%	–
VDC	Exit	VANGUARD WORLD FDSconsum stp etf	$0	–	-7,828	–	-0.42%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-19,898	–	-0.44%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-20,359	–	-0.44%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-3,628	–	-0.44%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-8,737	–	-0.46%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-19,035	–	-0.47%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,786	–	-0.47%	–
T	Exit	AT&T INC	$0	–	-31,877	–	-0.48%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-16,326	–	-0.51%	–
CELG	Exit	CELGENE CORP	$0	–	-8,978	–	-0.51%	–
WELL	Exit	WELLTOWER INC	$0	–	-18,641	–	-0.51%	–
IYT	Exit	ISHARES TRtrans avg etf	$0	–	-7,897	–	-0.55%	–
RNST	Exit	RENASANT CORP	$0	–	-32,919	–	-0.55%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,261	–	-0.55%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-17,686	–	-0.56%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-1,579	–	-0.59%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-10,885	–	-0.60%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-23,974	–	-0.60%	–
PFF	Exit	ISHARES TRs&p us pfd stk	$0	–	-44,121	–	-0.66%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-15,292	–	-0.70%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-20,194	–	-0.75%	–
XLV	Exit	SELECT SECTOR SPDR TRsbi healthcare	$0	–	-24,065	–	-0.76%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-23,553	–	-0.77%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-41,519	–	-0.87%	–
PFE	Exit	PFIZER INC	$0	–	-67,122	–	-0.93%	–
FIDU	Exit	FIDELITYmsci indl indx	$0	–	-66,908	–	-0.95%	–
IYC	Exit	ISHARES TRu.s. cnsm sv etf	$0	–	-15,296	–	-0.97%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-22,271	–	-1.12%	–
HD	Exit	HOME DEPOT INC	$0	–	-18,096	–	-1.15%	–
MRK	Exit	MERCK & CO INC	$0	–	-47,749	–	-1.19%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-21,869	–	-1.20%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-133,243	–	-1.25%	–
DIS	Exit	DISNEY WALT CO	$0	–	-33,094	–	-1.27%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-69,266	–	-1.33%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-48,703	–	-1.41%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-28,429	–	-1.41%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,831	–	-1.43%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-61,418	–	-1.63%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-28,625	–	-2.04%	–
VTHR	Exit	VANGUARD SCOTTSDALE FDSvng rus3000idx	$0	–	-46,592	–	-2.09%	–
SPTM	Exit	SPDR SERIES TRUSTrussell 3000 etf	$0	–	-40,190	–	-2.93%	–
AAPL	Exit	APPLE INC	$0	–	-58,338	–	-3.49%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-108,605	–	-3.63%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-76,005	–	-4.62%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-147,616	–	-5.22%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-145,589	–	-6.20%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-345,923	–	-7.94%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-956,686	–	-18.70%	–

Q3 2017

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmin vol usa etf	$48,160,000	+2.1%	956,686	-0.8%	18.70%	-1.9%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$20,444,000	+1.6%	345,923	-5.9%	7.94%	-2.4%
AGG	Sell	ISHARES TRcore us aggbd et	$15,955,000	-0.9%	145,589	-0.9%	6.20%	-4.8%
PG	Buy	PROCTER AND GAMBLE CO	$13,430,000	+7.5%	147,616	+2.9%	5.22%	+3.2%
IHE	Sell	ISHARES TRu.s. pharma etf	$11,884,000	-4.9%	76,005	-5.6%	4.62%	-8.6%
HDV	Sell	ISHARES TRcore high dv etf	$9,335,000	-15.6%	108,605	-18.4%	3.63%	-18.9%
AAPL	Buy	APPLE INC	$8,991,000	+10.1%	58,338	+2.9%	3.49%	+5.7%
SPTM	Sell	SPDR SERIES TRUSTrussell 3000 etf	$7,552,000	-3.7%	40,190	-7.3%	2.93%	-7.5%
VTHR	Buy	VANGUARD SCOTTSDALE FDSvng rus3000idx	$5,392,000	+9.4%	46,592	+5.3%	2.09%	+5.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$5,248,000	+9.8%	28,625	+1.4%	2.04%	+5.4%
EFA	Buy	ISHARES TRmsci eafe etf	$4,206,000	+67.6%	61,418	+59.5%	1.63%	+61.0%
AMZN	Buy	AMAZON COM INC	$3,683,000	+13.5%	3,831	+14.3%	1.43%	+9.0%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$3,633,000	+0.3%	28,429	-3.6%	1.41%	-3.7%
MSFT	Buy	MICROSOFT CORP	$3,628,000	+39.1%	48,703	+28.7%	1.41%	+33.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$3,428,000	+13.2%	69,266	+2.2%	1.33%	+8.7%
DIS	Sell	DISNEY WALT CO	$3,262,000	-42.6%	33,094	-38.1%	1.27%	-44.9%
GE	Sell	GENERAL ELECTRIC CO	$3,222,000	-17.0%	133,243	-7.3%	1.25%	-20.3%
MA	Buy	MASTERCARD INCORPORATEDcl a	$3,088,000	+16.7%	21,869	+0.3%	1.20%	+12.1%
MRK	Sell	MERCK & CO INC	$3,057,000	-3.1%	47,749	-3.0%	1.19%	-7.0%
HD	Buy	HOME DEPOT INC	$2,960,000	+115.1%	18,096	+101.7%	1.15%	+106.8%
JNJ	Buy	JOHNSON & JOHNSON	$2,895,000	+13.0%	22,271	+14.9%	1.12%	+8.5%
IYC	Buy	ISHARES TRu.s. cnsm sv etf	$2,509,000	+9.7%	15,296	+9.8%	0.97%	+5.3%
FIDU	Sell	FIDELITYmsci indl indx	$2,445,000	-3.4%	66,908	-8.0%	0.95%	-7.2%
PFE	Buy	PFIZER INC	$2,396,000	+11.8%	67,122	+5.2%	0.93%	+7.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$2,241,000	-3.8%	41,519	-2.1%	0.87%	-7.6%
DUK	Sell	DUKE ENERGY CORP NEW	$1,977,000	-6.1%	23,553	-6.5%	0.77%	-9.8%
XLV	Buy	SELECT SECTOR SPDR TRsbi healthcare	$1,967,000	+13.4%	24,065	+10.0%	0.76%	+9.0%
JPM	Buy	JPMORGAN CHASE & CO	$1,929,000	+51.9%	20,194	+45.3%	0.75%	+45.7%
CVX	Buy	CHEVRON CORP NEW	$1,797,000	+14.6%	15,292	+1.8%	0.70%	+10.1%
PFF	Buy	ISHARES TRs&p us pfd stk	$1,712,000	+21.8%	44,121	+22.9%	0.66%	+16.9%
CMP	Buy	COMPASS MINERALS INTL INC	$1,556,000	+6.6%	23,974	+7.2%	0.60%	+2.4%
HON	Buy	HONEYWELL INTL INC	$1,543,000	+84.6%	10,885	+73.5%	0.60%	+77.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,514,000	+16.7%	1,579	+10.7%	0.59%	+12.2%
CVS	Sell	CVS HEALTH CORP	$1,438,000	+0.7%	17,686	-0.3%	0.56%	-3.1%
XOM	Buy	EXXON MOBIL CORP	$1,415,000	+5.9%	17,261	+4.3%	0.55%	+1.9%
RNST	Sell	RENASANT CORP	$1,412,000	-15.8%	32,919	-14.1%	0.55%	-19.2%
IYT	Buy	ISHARES TRtrans avg etf	$1,409,000	+77.0%	7,897	+70.7%	0.55%	+69.9%
WELL	Buy	WELLTOWER INC	$1,310,000	-4.4%	18,641	+1.9%	0.51%	-8.1%
CELG	Buy	CELGENE CORP	$1,309,000	+14.4%	8,978	+1.9%	0.51%	+9.7%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$1,303,000	-11.1%	16,326	-11.0%	0.51%	-14.5%
T	Buy	AT&T INC	$1,249,000	+34.2%	31,877	+29.1%	0.48%	+29.0%
MCD	Sell	MCDONALDS CORP	$1,220,000	+1.4%	7,786	-0.9%	0.47%	-2.5%
MO	Buy	ALTRIA GROUP INC	$1,207,000	-14.2%	19,035	+0.8%	0.47%	-17.6%
PNC	Sell	PNC FINL SVCS GROUP INC	$1,177,000	+4.9%	8,737	-2.7%	0.46%	+0.7%
LMT	Buy	LOCKHEED MARTIN CORP	$1,126,000	+13.5%	3,628	+1.5%	0.44%	+9.0%
WFC	Sell	WELLS FARGO CO NEW	$1,123,000	-60.0%	20,359	-59.8%	0.44%	-61.6%
AMTD	Buy	TD AMERITRADE HLDG CORP	$1,120,000	+12.6%	19,898	+0.7%	0.44%	+8.2%
VDC	Buy	VANGUARD WORLD FDSconsum stp etf	$1,085,000	+3.2%	7,828	+5.1%	0.42%	-0.9%
PM	Sell	PHILIP MORRIS INTL INC	$1,056,000	-5.5%	9,516	-0.0%	0.41%	-9.3%
SO	Buy	SOUTHERN CO	$1,015,000	+3.8%	20,648	+1.1%	0.39%	-0.3%
WMT	Buy	WAL-MART STORES INC	$1,003,000	+29.3%	12,834	+25.2%	0.39%	+24.2%
FB	Buy	FACEBOOK INCcl a	$843,000	+24.5%	4,932	+9.9%	0.33%	+19.3%
V	Buy	VISA INC	$816,000	+20.7%	7,757	+7.6%	0.32%	+16.1%
XLF	Buy	SELECT SECTOR SPDR TRsbi int-finl	$813,000	+190.4%	31,433	+176.8%	0.32%	+179.6%
FNCL	Sell	FIDELITYmsci finls idx	$801,000	+0.6%	21,102	-3.6%	0.31%	-3.4%
CAT	Buy	CATERPILLAR INC DEL	$772,000	+116.2%	6,189	+86.1%	0.30%	+108.3%
SBUX	Buy	STARBUCKS CORP	$761,000	-3.9%	14,171	+4.4%	0.30%	-7.5%
KO	Buy	COCA COLA CO	$734,000	+1.2%	16,299	+0.9%	0.28%	-2.7%
INTC	Buy	INTEL CORP	$732,000	+173.1%	19,233	+142.0%	0.28%	+163.0%
BA	Buy	BOEING CO	$698,000	+29.7%	2,746	+0.9%	0.27%	+24.3%
NVS	Buy	NOVARTIS A Gsponsored adr	$650,000	+16.1%	7,573	+12.8%	0.25%	+11.5%
LLY	Buy	LILLY ELI & CO	$631,000	+4.0%	7,378	+0.0%	0.24%	0.0%
CSCO	New	CISCO SYS INC	$626,000	–	18,627	–	0.24%	–
VDE	Sell	VANGUARD WORLD FDSenergy etf	$592,000	-28.0%	6,330	-31.8%	0.23%	-30.7%
GOOGL	Buy	ALPHABET INCcap stk cl a	$567,000	+7.8%	582	+2.8%	0.22%	+3.3%
COP	Buy	CONOCOPHILLIPS	$553,000	+116.0%	11,049	+89.8%	0.22%	+106.7%
VAW	Sell	VANGUARD WORLD FDSmaterials etf	$538,000	-24.2%	4,184	-28.4%	0.21%	-27.2%
AFL	Buy	AFLAC INC	$450,000	+4.7%	5,533	+0.0%	0.18%	+0.6%
FCX	New	FREEPORT-MCMORAN INCcl b	$447,000	–	31,852	–	0.17%	–
PEP	Buy	PEPSICO INC	$438,000	+13.5%	3,927	+17.6%	0.17%	+9.0%
NEE	Buy	NEXTERA ENERGY INC	$434,000	+6.6%	2,963	+2.0%	0.17%	+2.4%
IWV	Buy	ISHARES TRrussell 3000 etf	$428,000	+114.0%	2,866	+106.2%	0.17%	+104.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$420,000	-23.9%	2,898	-19.3%	0.16%	-26.9%
UNP	Buy	UNION PAC CORP	$394,000	+6.5%	3,399	+0.1%	0.15%	+2.0%
ABBV	New	ABBVIE INC	$376,000	–	4,231	–	0.15%	–
PYPL	Sell	PAYPAL HLDGS INC	$367,000	+7.3%	5,725	-10.2%	0.14%	+3.6%
CRM	Sell	SALESFORCE COM INC	$360,000	-17.1%	3,850	-23.2%	0.14%	-20.5%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$345,000	-3.4%	2,345	-6.4%	0.13%	-6.9%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$318,000	-2.5%	2,452	-6.4%	0.12%	-6.1%
QQQ	Buy	POWERSHARES QQQ TRUSTunit ser 1	$304,000	+5.6%	2,092	+0.1%	0.12%	+1.7%
WMB	Buy	WILLIAMS COS INC DEL	$304,000	+10.1%	10,124	+11.2%	0.12%	+5.4%
USB	Buy	US BANCORP DEL	$299,000	+3.5%	5,570	+0.1%	0.12%	-0.9%
ORCL	Buy	ORACLE CORP	$296,000	+5.3%	6,118	+9.1%	0.12%	+0.9%
EMN	New	EASTMAN CHEM CO	$289,000	–	3,189	–	0.11%	–
RTN	Buy	RAYTHEON CO	$289,000	+19.9%	1,547	+3.7%	0.11%	+15.5%
PPL	New	PPL CORP	$285,000	–	7,502	–	0.11%	–
DVA	Buy	DAVITA INC	$281,000	+5.6%	4,725	+15.2%	0.11%	+0.9%
TROW	New	PRICE T ROWE GROUP INC	$275,000	–	3,029	–	0.11%	–
ETP	Sell	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$274,000	-12.5%	15,000	-2.3%	0.11%	-16.5%
CMI	New	CUMMINS INC	$271,000	–	1,611	–	0.10%	–
BIIB	New	BIOGEN INC	$269,000	–	858	–	0.10%	–
BAC	Buy	BANK AMER CORP	$268,000	+13.1%	10,595	+8.5%	0.10%	+8.3%
GS	Buy	GOLDMAN SACHS GROUP INC	$259,000	+21.0%	1,090	+12.8%	0.10%	+16.1%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$250,000	+22.0%	3,916	+6.4%	0.10%	+16.9%
DGRO	Sell	ISHARES TRcore div grwth	$246,000	-15.8%	7,577	-18.7%	0.10%	-18.6%
FCOM	Sell	FIDELITY	$241,000	-7.3%	7,455	-8.3%	0.09%	-10.5%
RPM	Buy	RPM INTL INC	$238,000	-5.9%	4,640	+0.0%	0.09%	-9.8%
SYK	Sell	STRYKER CORP	$234,000	-4.5%	1,647	-6.8%	0.09%	-8.1%
DHI	New	D R HORTON INC	$215,000	–	5,384	–	0.08%	–
AMAT	New	APPLIED MATLS INC	$208,000	–	4,000	–	0.08%	–
VOO	New	VANGUARD INDEX FDS	$203,000	–	880	–	0.08%	–
STI	New	SUNTRUST BKS INC	$202,000	–	3,388	–	0.08%	–
IBMF	Exit	ISHARESibonds sep17 etf	$0	–	-8,530	–	-0.09%	–
IEF	Exit	ISHARES TR7-10yr tr bd etf	$0	–	-2,559	–	-0.11%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-2,989	–	-0.12%	–
XLY	Exit	SELECT SECTOR SPDR TRsbi cons discr	$0	–	-4,638	–	-0.17%	–
XLB	Exit	SELECT SECTOR SPDR TRsbi materials	$0	–	-8,968	–	-0.20%	–

Q2 2017

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmin vol usa etf	$47,166,000	–	963,948	–	19.07%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$20,121,000	–	367,709	–	8.14%	–
AGG	New	ISHARES TRcore us aggbd et	$16,096,000	–	146,979	–	6.51%	–
PG	New	PROCTER AND GAMBLE CO	$12,497,000	–	143,399	–	5.05%	–
IHE	New	ISHARES TRu.s. pharma etf	$12,494,000	–	80,541	–	5.05%	–
HDV	New	ISHARES TRcore high dv etf	$11,060,000	–	133,042	–	4.47%	–
AAPL	New	APPLE INC	$8,169,000	–	56,720	–	3.30%	–
SPTM	New	SPDR SERIES TRUSTrussell 3000 etf	$7,841,000	–	43,368	–	3.17%	–
DIS	New	DISNEY WALT CO	$5,682,000	–	53,482	–	2.30%	–
VTHR	New	VANGUARD SCOTTSDALE FDSvng rus3000idx	$4,929,000	–	44,252	–	1.99%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,779,000	–	28,219	–	1.93%	–
GE	New	GENERAL ELECTRIC CO	$3,881,000	–	143,682	–	1.57%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$3,623,000	–	29,477	–	1.46%	–
AMZN	New	AMAZON COM INC	$3,244,000	–	3,351	–	1.31%	–
MRK	New	MERCK & CO INC	$3,155,000	–	49,232	–	1.28%	–
VZ	New	VERIZON COMMUNICATIONS INC	$3,028,000	–	67,792	–	1.22%	–
WFC	New	WELLS FARGO CO NEW	$2,805,000	–	50,615	–	1.13%	–
MA	New	MASTERCARD INCORPORATEDcl a	$2,647,000	–	21,795	–	1.07%	–
MSFT	New	MICROSOFT CORP	$2,608,000	–	37,843	–	1.06%	–
JNJ	New	JOHNSON & JOHNSON	$2,563,000	–	19,375	–	1.04%	–
FIDU	New	FIDELITYmsci indl indx	$2,531,000	–	72,739	–	1.02%	–
EFA	New	ISHARES TRmsci eafe etf	$2,510,000	–	38,503	–	1.02%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$2,330,000	–	42,404	–	0.94%	–
IYC	New	ISHARES TRu.s. cnsm sv etf	$2,287,000	–	13,936	–	0.92%	–
PFE	New	PFIZER INC	$2,143,000	–	63,808	–	0.87%	–
DUK	New	DUKE ENERGY CORP NEW	$2,105,000	–	25,180	–	0.85%	–
XLV	New	SELECT SECTOR SPDR TRsbi healthcare	$1,734,000	–	21,878	–	0.70%	–
RNST	New	RENASANT CORP	$1,676,000	–	38,316	–	0.68%	–
CVX	New	CHEVRON CORP NEW	$1,568,000	–	15,026	–	0.63%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$1,465,000	–	18,353	–	0.59%	–
CMP	New	COMPASS MINERALS INTL INC	$1,460,000	–	22,355	–	0.59%	–
CVS	New	CVS HEALTH CORP	$1,428,000	–	17,745	–	0.58%	–
MO	New	ALTRIA GROUP INC	$1,406,000	–	18,878	–	0.57%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$1,406,000	–	35,906	–	0.57%	–
HD	New	HOME DEPOT INC	$1,376,000	–	8,972	–	0.56%	–
WELL	New	WELLTOWER INC	$1,370,000	–	18,297	–	0.55%	–
XOM	New	EXXON MOBIL CORP	$1,336,000	–	16,545	–	0.54%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,297,000	–	1,427	–	0.52%	–
JPM	New	JPMORGAN CHASE & CO	$1,270,000	–	13,899	–	0.51%	–
MCD	New	MCDONALDS CORP	$1,203,000	–	7,855	–	0.49%	–
CELG	New	CELGENE CORP	$1,144,000	–	8,808	–	0.46%	–
PNC	New	PNC FINL SVCS GROUP INC	$1,122,000	–	8,984	–	0.45%	–
PM	New	PHILIP MORRIS INTL INC	$1,118,000	–	9,520	–	0.45%	–
VDC	New	VANGUARD WORLD FDSconsum stp etf	$1,051,000	–	7,451	–	0.42%	–
AMTD	New	TD AMERITRADE HLDG CORP	$995,000	–	19,757	–	0.40%	–
LMT	New	LOCKHEED MARTIN CORP	$992,000	–	3,575	–	0.40%	–
SO	New	SOUTHERN CO	$978,000	–	20,423	–	0.40%	–
T	New	AT&T INC	$931,000	–	24,685	–	0.38%	–
HON	New	HONEYWELL INTL INC	$836,000	–	6,274	–	0.34%	–
VDE	New	VANGUARD WORLD FDSenergy etf	$822,000	–	9,284	–	0.33%	–
FNCL	New	FIDELITYmsci finls idx	$796,000	–	21,901	–	0.32%	–
IYT	New	ISHARES TRtrans avg etf	$796,000	–	4,625	–	0.32%	–
SBUX	New	STARBUCKS CORP	$792,000	–	13,578	–	0.32%	–
WMT	New	WAL-MART STORES INC	$776,000	–	10,249	–	0.31%	–
KO	New	COCA COLA CO	$725,000	–	16,158	–	0.29%	–
VAW	New	VANGUARD WORLD FDSmaterials etf	$710,000	–	5,842	–	0.29%	–
FB	New	FACEBOOK INCcl a	$677,000	–	4,487	–	0.27%	–
V	New	VISA INC	$676,000	–	7,209	–	0.27%	–
EFAV	New	ISHARES TRmin vol eafe etf	$629,000	–	9,083	–	0.25%	–
LLY	New	LILLY ELI & CO	$607,000	–	7,376	–	0.24%	–
NVS	New	NOVARTIS A Gsponsored adr	$560,000	–	6,712	–	0.23%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$552,000	–	3,590	–	0.22%	–
BA	New	BOEING CO	$538,000	–	2,721	–	0.22%	–
GOOGL	New	ALPHABET INCcap stk cl a	$526,000	–	566	–	0.21%	–
MMM	New	3M CO	$513,000	–	2,462	–	0.21%	–
BDX	New	BECTON DICKINSON & CO	$507,000	–	2,600	–	0.20%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$493,000	–	4,680	–	0.20%	–
XLB	New	SELECT SECTOR SPDR TRsbi materials	$483,000	–	8,968	–	0.20%	–
MBB	New	ISHARES TRmbs etf	$444,000	–	4,160	–	0.18%	–
CRM	New	SALESFORCE COM INC	$434,000	–	5,010	–	0.18%	–
AFL	New	AFLAC INC	$430,000	–	5,532	–	0.17%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$418,000	–	2,395	–	0.17%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$416,000	–	4,638	–	0.17%	–
XLI	New	SELECT SECTOR SPDR TRsbi int-inds	$408,000	–	5,995	–	0.16%	–
NEE	New	NEXTERA ENERGY INC	$407,000	–	2,905	–	0.16%	–
PEP	New	PEPSICO INC	$386,000	–	3,340	–	0.16%	–
UNP	New	UNION PAC CORP	$370,000	–	3,396	–	0.15%	–
SJM	New	SMUCKER J M CO	$364,000	–	3,072	–	0.15%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$357,000	–	2,505	–	0.14%	–
CAT	New	CATERPILLAR INC DEL	$357,000	–	3,326	–	0.14%	–
PYPL	New	PAYPAL HLDGS INC	$342,000	–	6,375	–	0.14%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$326,000	–	2,621	–	0.13%	–
ETP	New	ENERGY TRANSFER PARTNERS LPunit ltd prt int	$313,000	–	15,350	–	0.13%	–
MINT	New	PIMCO ETF TRenhan shrt ma ac	$304,000	–	2,989	–	0.12%	–
SPTI	New	SPDR SERIES TRUSTblmbrg brc intrm	$300,000	–	5,000	–	0.12%	–
DGRO	New	ISHARES TRcore div grwth	$292,000	–	9,320	–	0.12%	–
USB	New	US BANCORP DEL	$289,000	–	5,566	–	0.12%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$288,000	–	2,090	–	0.12%	–
ORCL	New	ORACLE CORP	$281,000	–	5,608	–	0.11%	–
XLF	New	SELECT SECTOR SPDR TRsbi int-finl	$280,000	–	11,354	–	0.11%	–
WMB	New	WILLIAMS COS INC DEL	$276,000	–	9,103	–	0.11%	–
IEF	New	ISHARES TR7-10yr tr bd etf	$273,000	–	2,559	–	0.11%	–
DVA	New	DAVITA INC	$266,000	–	4,100	–	0.11%	–
CSX	New	CSX CORP	$267,000	–	4,891	–	0.11%	–
INTC	New	INTEL CORP	$268,000	–	7,947	–	0.11%	–
IVV	New	ISHARES TRcore s&p500 etf	$267,000	–	1,095	–	0.11%	–
FCOM	New	FIDELITY	$260,000	–	8,132	–	0.10%	–
COP	New	CONOCOPHILLIPS	$256,000	–	5,820	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$255,000	–	1	–	0.10%	–
GLD	New	SPDR GOLD TRUST	$252,000	–	2,134	–	0.10%	–
RPM	New	RPM INTL INC	$253,000	–	4,638	–	0.10%	–
SYK	New	STRYKER CORP	$245,000	–	1,767	–	0.10%	–
RTN	New	RAYTHEON CO	$241,000	–	1,492	–	0.10%	–
BAC	New	BANK AMER CORP	$237,000	–	9,768	–	0.10%	–
IBMH	New	ISHARES TRibonds sep19 etf	$234,000	–	9,175	–	0.10%	–
IBMG	New	ISHARES TRibonds sep18 etf	$236,000	–	9,275	–	0.10%	–
IBMI	New	ISHARES TRibonds sep20 etf	$235,000	–	9,175	–	0.10%	–
IBMF	New	ISHARESibonds sep17 etf	$232,000	–	8,530	–	0.09%	–
GLW	New	CORNING INC	$230,000	–	7,664	–	0.09%	–
GS	New	GOLDMAN SACHS GROUP INC	$214,000	–	966	–	0.09%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$205,000	–	3,680	–	0.08%	–
IWV	New	ISHARES TRrussell 3000 etf	$200,000	–	1,390	–	0.08%	–
WEN	New	WENDYS CO	$164,000	–	10,587	–	0.07%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$143,000	–	10,657	–	0.06%	–
PAH	New	PLATFORM SPECIALTY PRODS COR	$139,000	–	11,000	–	0.06%	–

Q4 2016

			Value		Shares		↓ Weighting
PAH	Exit	PLATFORM SPECIALTY PRODS COR	$0	–	-10,000	–	-0.03%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.05%	–
USB	Exit	US BANCORP DEL	$0	–	-4,807	–	-0.09%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-260	–	-0.09%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,416	–	-0.09%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-1,685	–	-0.09%	–
CRM	Exit	SALESFORCE COM INC	$0	–	-3,012	–	-0.09%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-1	–	-0.09%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-4,401	–	-0.09%	–
ETN	Exit	EATON CORP PLC	$0	–	-3,380	–	-0.09%	–
BCR	Exit	BARD C R INC	$0	–	-1,000	–	-0.10%	–
QQQ	Exit	POWERSHARES QQQ TRUSTunit ser 1	$0	–	-1,914	–	-0.10%	–
RPM	Exit	RPM INTL INC	$0	–	-4,251	–	-0.10%	–
IBMF	Exit	ISHARESibonds sep17 etf	$0	–	-8,530	–	-0.10%	–
IBMG	Exit	ISHARES TRibonds sep18 etf	$0	–	-9,275	–	-0.10%	–
IBMH	Exit	ISHARES TRibonds sep19 etf	$0	–	-9,175	–	-0.10%	–
IBMI	Exit	ISHARES TRibonds sep20 etf	$0	–	-9,175	–	-0.10%	–
SYK	Exit	STRYKER CORP	$0	–	-2,081	–	-0.10%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,117	–	-0.10%	–
NVS	Exit	NOVARTIS A Gsponsored adr	$0	–	-3,230	–	-0.11%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,534	–	-0.11%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,910	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-2,399	–	-0.11%	–
DVA	Exit	DAVITA INC	$0	–	-4,100	–	-0.12%	–
UNP	Exit	UNION PAC CORP	$0	–	-2,826	–	-0.12%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-9,495	–	-0.12%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-12,894	–	-0.13%	–
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-21,314	–	-0.13%	–
EEMV	Exit	ISHARESmin vol emrg mkt	$0	–	-5,794	–	-0.13%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,803	–	-0.13%	–
CELG	Exit	CELGENE CORP	$0	–	-3,040	–	-0.14%	–
DVY	Exit	ISHARES TRselect divid etf	$0	–	-3,873	–	-0.14%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-3,132	–	-0.15%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,211	–	-0.15%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-8,875	–	-0.15%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-7,760	–	-0.16%	–
AFL	Exit	AFLAC INC	$0	–	-5,285	–	-0.16%	–
MMM	Exit	3M CO	$0	–	-2,170	–	-0.16%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,051	–	-0.17%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-3,134	–	-0.17%	–
INTC	Exit	INTEL CORP	$0	–	-10,884	–	-0.17%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,072	–	-0.18%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,264	–	-0.18%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,275	–	-0.19%	–
VTR	Exit	VENTAS INC	$0	–	-6,346	–	-0.19%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,620	–	-0.20%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-7,080	–	-0.20%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-3,870	–	-0.20%	–
SPTI	Exit	SPDR SERIES TRUSTbrclys inter etf	$0	–	-8,000	–	-0.21%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-3,887	–	-0.21%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-4,865	–	-0.22%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,483	–	-0.24%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-3,803	–	-0.26%	–
V	Exit	VISA INC	$0	–	-7,344	–	-0.26%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-5,575	–	-0.26%	–
DGRO	Exit	ISHARES TRcore div grwth	$0	–	-22,254	–	-0.26%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-5,281	–	-0.26%	–
WELL	Exit	WELLTOWER INC	$0	–	-8,240	–	-0.26%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,705	–	-0.27%	–
KO	Exit	COCA COLA CO	$0	–	-15,784	–	-0.28%	–
AMZN	Exit	AMAZON COM INC	$0	–	-823	–	-0.29%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-922	–	-0.30%	–
CMP	Exit	COMPASS MINERALS INTL INC	$0	–	-10,164	–	-0.32%	–
T	Exit	AT&T INC	$0	–	-19,220	–	-0.33%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-8,354	–	-0.34%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-18,493	–	-0.35%	–
IEI	Exit	ISHARES TR3-7 yr tr bd etf	$0	–	-6,550	–	-0.35%	–
SO	Exit	SOUTHERN CO	$0	–	-17,755	–	-0.39%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,981	–	-0.39%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-10,229	–	-0.39%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-16,503	–	-0.44%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-13,197	–	-0.49%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-12,154	–	-0.53%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-23,037	–	-0.56%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-17,973	–	-0.60%	–
EFAV	Exit	ISHARES TRmin vol eafe etf	$0	–	-22,895	–	-0.66%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-17,428	–	-0.75%	–
PFE	Exit	PFIZER INC	$0	–	-61,699	–	-0.88%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-23,569	–	-0.89%	–
BSV	Exit	VANGUARD BD INDEX FD INCshort trm bond	$0	–	-35,195	–	-1.20%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-35,816	–	-1.21%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-26,796	–	-1.26%	–
MRK	Exit	MERCK & CO INC	$0	–	-48,263	–	-1.28%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-29,111	–	-1.46%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-83,783	–	-1.57%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-26,914	–	-1.65%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-76,697	–	-1.69%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-152,471	–	-1.91%	–
DIS	Exit	DISNEY WALT CO	$0	–	-51,270	–	-2.02%	–
IEF	Exit	ISHARES TR7-10 y tr bd etf	$0	–	-46,679	–	-2.21%	–
AAPL	Exit	APPLE INC	$0	–	-53,977	–	-2.58%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-232,330	–	-5.24%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-141,016	–	-5.36%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-122,053	–	-5.81%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-101,150	–	-6.40%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-364,053	–	-7.37%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-219,920	–	-7.57%	–
USMV	Exit	ISHARES TRmin vol usa etf	$0	–	-1,241,634	–	-23.89%	–

Q3 2016

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRmin vol usa etf	$56,407,000	-6.4%	1,241,634	-4.8%	23.89%	-6.8%
HDV	Buy	ISHARES TRcore high dv etf	$17,875,000	-0.3%	219,920	+0.8%	7.57%	-0.7%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$17,394,000	+13.2%	364,053	+2.8%	7.37%	+12.8%
IHE	Sell	ISHARES TRu.s. pharma etf	$15,116,000	+1.5%	101,150	-2.0%	6.40%	+1.1%
AGG	Buy	ISHARES TRcore us aggbd et	$13,721,000	+82.7%	122,053	+83.0%	5.81%	+82.0%
PG	Buy	PROCTER AND GAMBLE CO	$12,656,000	+8.8%	141,016	+2.7%	5.36%	+8.4%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$12,362,000	-30.7%	232,330	-28.2%	5.24%	-31.0%
AAPL	Buy	APPLE INC	$6,102,000	+23.5%	53,977	+4.4%	2.58%	+23.0%
IEF	Sell	ISHARES TR7-10 y tr bd etf	$5,222,000	-56.9%	46,679	-56.5%	2.21%	-57.1%
DIS	Buy	DISNEY WALT CO	$4,761,000	+2.4%	51,270	+7.9%	2.02%	+2.1%
GE	Buy	GENERAL ELECTRIC CO	$4,516,000	+9.7%	152,471	+16.6%	1.91%	+9.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$3,987,000	-9.7%	76,697	-3.0%	1.69%	-10.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$3,888,000	+21.3%	26,914	+21.6%	1.65%	+20.8%
WFC	Buy	WELLS FARGO & CO NEW	$3,710,000	+3.6%	83,783	+10.8%	1.57%	+3.2%
JNJ	Buy	JOHNSON & JOHNSON	$3,439,000	+4.4%	29,111	+7.3%	1.46%	+4.1%
MRK	Buy	MERCK & CO INC	$3,012,000	+20.7%	48,263	+11.4%	1.28%	+20.3%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$2,965,000	+4.4%	26,796	-0.6%	1.26%	+4.1%
DUK	Buy	DUKE ENERGY CORP NEW	$2,867,000	-0.1%	35,816	+7.1%	1.21%	-0.5%
BSV	Sell	VANGUARD BD INDEX FD INCshort trm bond	$2,845,000	-22.2%	35,195	-22.0%	1.20%	-22.5%
CVS	Sell	CVS HEALTH CORP	$2,097,000	-10.4%	23,569	-3.6%	0.89%	-10.8%
PFE	Buy	PFIZER INC	$2,090,000	+19.0%	61,699	+23.6%	0.88%	+18.5%
MA	Buy	MASTERCARD INCORPORATEDcl a	$1,774,000	+79.9%	17,428	+55.6%	0.75%	+79.2%
EFAV	Sell	ISHARES TRmin vol eafe etf	$1,549,000	-6.9%	22,895	-8.7%	0.66%	-7.2%
GILD	Buy	GILEAD SCIENCES INC	$1,422,000	-1.5%	17,973	+3.9%	0.60%	-1.8%
MSFT	Buy	MICROSOFT CORP	$1,327,000	+41.2%	23,037	+25.4%	0.56%	+40.5%
CVX	Buy	CHEVRON CORP NEW	$1,251,000	+29.5%	12,154	+32.0%	0.53%	+29.0%
XOM	Buy	EXXON MOBIL CORP	$1,152,000	+45.3%	13,197	+56.1%	0.49%	+44.8%
MO	Buy	ALTRIA GROUP INC	$1,043,000	-8.3%	16,503	+0.0%	0.44%	-8.7%
PNC	Buy	PNC FINL SVCS GROUP INC	$922,000	+11.0%	10,229	+0.2%	0.39%	+10.8%
MCD	Sell	MCDONALDS CORP	$921,000	-12.0%	7,981	-8.2%	0.39%	-12.4%
SO	Buy	SOUTHERN CO	$911,000	+3.3%	17,755	+8.0%	0.39%	+2.9%
AMTD	Buy	TD AMERITRADE HLDG CORP	$821,000	+4.2%	18,493	+0.8%	0.35%	+3.9%
PM	Buy	PHILIP MORRIS INTL INC	$812,000	-1.2%	8,354	+3.4%	0.34%	-1.4%
T	Buy	AT&T INC	$781,000	+0.5%	19,220	+6.9%	0.33%	+0.3%
CMP	Buy	COMPASS MINERALS INTL INC	$749,000	+128.4%	10,164	+130.1%	0.32%	+128.1%
GOOG	Buy	ALPHABET INCcap stk cl c	$717,000	+23.4%	922	+9.8%	0.30%	+23.1%
AMZN	Buy	AMAZON COM INC	$689,000	+162.0%	823	+124.3%	0.29%	+160.7%
KO	Buy	COCA COLA CO	$668,000	-5.2%	15,784	+1.5%	0.28%	-5.7%
LMT	Sell	LOCKHEED MARTIN CORP	$648,000	-8.6%	2,705	-5.3%	0.27%	-9.0%
HON	Buy	HONEYWELL INTL INC	$616,000	+1.7%	5,281	+1.4%	0.26%	+1.2%
WELL	Buy	WELLTOWER INC	$616,000	+27.8%	8,240	+30.1%	0.26%	+27.3%
DGRO	Sell	ISHARES TRcore div grwth	$615,000	-19.3%	22,254	-20.4%	0.26%	-19.4%
MBB	Sell	ISHARES TRmbs etf	$614,000	0.0%	5,575	-0.2%	0.26%	-0.4%
V	Buy	VISA INC	$607,000	+12.4%	7,344	+0.9%	0.26%	+11.7%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$605,000	+8.0%	3,803	+0.3%	0.26%	+7.6%
HD	Buy	HOME DEPOT INC	$577,000	+8.3%	4,483	+7.4%	0.24%	+7.5%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$503,000	-5.3%	3,887	-9.5%	0.21%	-5.8%
BDX	Buy	BECTON DICKINSON & CO	$471,000	+6.6%	2,620	+0.5%	0.20%	+6.4%
JPM	Buy	JPMORGAN CHASE & CO	$471,000	+34.6%	7,080	+25.6%	0.20%	+34.2%
VTR	Sell	VENTAS INC	$448,000	-6.7%	6,346	-3.7%	0.19%	-6.9%
LLY	Buy	LILLY ELI & CO	$422,000	+1.9%	5,264	+0.0%	0.18%	+1.7%
INTC	New	INTEL CORP	$411,000	–	10,884	–	0.17%	–
GLD	Buy	SPDR GOLD TRUST	$394,000	+55.1%	3,134	+56.0%	0.17%	+54.6%
FB	Sell	FACEBOOK INCcl a	$391,000	+10.1%	3,051	-1.9%	0.17%	+9.9%
MMM	Sell	3M CO	$382,000	-18.4%	2,170	-18.7%	0.16%	-18.6%
AFL	Buy	AFLAC INC	$380,000	+5.3%	5,285	+5.7%	0.16%	+5.2%
CBU	Buy	COMMUNITY BK SYS INC	$373,000	+17.3%	7,760	+0.4%	0.16%	+17.0%
PYPL	New	PAYPAL HLDGS INC	$364,000	–	8,875	–	0.15%	–
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$351,000	+4.8%	2,211	+0.1%	0.15%	+4.9%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$349,000	-15.7%	3,132	-18.9%	0.15%	-15.9%
DVY	New	ISHARES TRselect divid etf	$332,000	–	3,873	–	0.14%	–
CELG	New	CELGENE CORP	$318,000	–	3,040	–	0.14%	–
SBUX	New	STARBUCKS CORP	$314,000	–	5,803	–	0.13%	–
EEMV	New	ISHARESmin vol emrg mkt	$313,000	–	5,794	–	0.13%	–
KMI	New	KINDER MORGAN INC DEL	$298,000	–	12,894	–	0.13%	–
WMB	New	WILLIAMS COS INC DEL	$292,000	–	9,495	–	0.12%	–
PEP	New	PEPSICO INC	$261,000	–	2,399	–	0.11%	–
COP	Buy	CONOCOPHILLIPS	$257,000	-0.4%	5,910	+0.1%	0.11%	-0.9%
NVS	New	NOVARTIS A Gsponsored adr	$255,000	–	3,230	–	0.11%	–
WMT	New	WAL-MART STORES INC	$255,000	–	3,534	–	0.11%	–
IVV	Buy	ISHARES TRcore s&p500 etf	$243,000	+11.5%	1,117	+7.9%	0.10%	+10.8%
SYK	Buy	STRYKER CORP	$242,000	-2.8%	2,081	+0.3%	0.10%	-2.8%
QQQ	Sell	POWERSHARES QQQ TRUSTunit ser 1	$227,000	+1.3%	1,914	-8.1%	0.10%	+1.1%
ETN	Sell	EATON CORP PLC	$222,000	-0.4%	3,380	-9.3%	0.09%	-1.1%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$220,000	-10.2%	4,401	-1.0%	0.09%	-10.6%
CRM	New	SALESFORCE COM INC	$215,000	–	3,012	–	0.09%	–
ORCL	New	ORACLE CORP	$213,000	–	5,416	–	0.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$209,000	–	260	–	0.09%	–
USB	Sell	US BANCORP DEL	$206,000	0.0%	4,807	-5.9%	0.09%	-1.1%
F	Exit	FORD MTR CO DEL	$0	–	-10,500	–	-0.06%	–
GLW	Exit	CORNING INC	$0	–	-10,265	–	-0.09%	–
IBME	Exit	ISHARESibonds sep16 etf	$0	–	-8,830	–	-0.10%	–
DE	Exit	DEERE & CO	$0	–	-3,148	–	-0.11%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-7,100	–	-0.11%	–

Q2 2016

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRmin vol usa etf	$60,271,000	–	1,304,276	–	25.62%	–
HDV	New	ISHARES TRcore high dv etf	$17,926,000	–	218,205	–	7.62%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$17,849,000	–	323,638	–	7.59%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$15,362,000	–	354,198	–	6.53%	–
IHE	New	ISHARES TRu.s. pharma etf	$14,898,000	–	103,172	–	6.33%	–
IEF	New	ISHARES TR7-10 y tr bd etf	$12,118,000	–	107,287	–	5.15%	–
PG	New	PROCTER & GAMBLE CO	$11,631,000	–	137,364	–	4.94%	–
AGG	New	ISHARES TRcore us aggbd et	$7,511,000	–	66,692	–	3.19%	–
AAPL	New	APPLE INC	$4,942,000	–	51,690	–	2.10%	–
DIS	New	DISNEY WALT CO	$4,648,000	–	47,521	–	1.98%	–
VZ	New	VERIZON COMMUNICATIONS INC	$4,414,000	–	79,044	–	1.88%	–
GE	New	GENERAL ELECTRIC CO	$4,118,000	–	130,808	–	1.75%	–
BSV	New	VANGUARD BD INDEX FD INCshort trm bond	$3,658,000	–	45,130	–	1.56%	–
WFC	New	WELLS FARGO & CO NEW	$3,580,000	–	75,638	–	1.52%	–
JNJ	New	JOHNSON & JOHNSON	$3,293,000	–	27,143	–	1.40%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$3,205,000	–	22,137	–	1.36%	–
DUK	New	DUKE ENERGY CORP NEW	$2,870,000	–	33,452	–	1.22%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$2,840,000	–	26,971	–	1.21%	–
MRK	New	MERCK & CO INC	$2,496,000	–	43,317	–	1.06%	–
CVS	New	CVS HEALTH CORP	$2,341,000	–	24,454	–	1.00%	–
PFE	New	PFIZER INC	$1,757,000	–	49,912	–	0.75%	–
EFAV	New	ISHARES TRmin vol eafe etf	$1,664,000	–	25,064	–	0.71%	–
GILD	New	GILEAD SCIENCES INC	$1,443,000	–	17,293	–	0.61%	–
MO	New	ALTRIA GROUP INC	$1,138,000	–	16,496	–	0.48%	–
MCD	New	MCDONALDS CORP	$1,046,000	–	8,690	–	0.44%	–
MA	New	MASTERCARD INCcl a	$986,000	–	11,202	–	0.42%	–
CVX	New	CHEVRON CORP NEW	$966,000	–	9,211	–	0.41%	–
MSFT	New	MICROSOFT CORP	$940,000	–	18,377	–	0.40%	–
SO	New	SOUTHERN CO	$882,000	–	16,439	–	0.38%	–
IEI	New	ISHARES TR3-7 yr tr bd etf	$834,000	–	6,550	–	0.36%	–
PNC	New	PNC FINL SVCS GROUP INC	$831,000	–	10,205	–	0.35%	–
PM	New	PHILIP MORRIS INTL INC	$822,000	–	8,081	–	0.35%	–
XOM	New	EXXON MOBIL CORP	$793,000	–	8,455	–	0.34%	–
AMTD	New	TD AMERITRADE HLDG CORP	$788,000	–	18,351	–	0.34%	–
T	New	AT&T INC	$777,000	–	17,978	–	0.33%	–
DGRO	New	ISHARES TRcore div grwth	$762,000	–	27,956	–	0.32%	–
LMT	New	LOCKHEED MARTIN CORP	$709,000	–	2,855	–	0.30%	–
KO	New	COCA COLA CO	$705,000	–	15,546	–	0.30%	–
MBB	New	ISHARES TRmbs etf	$614,000	–	5,584	–	0.26%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$609,000	–	8,275	–	0.26%	–
HON	New	HONEYWELL INTL INC	$606,000	–	5,210	–	0.26%	–
GOOG	New	ALPHABET INCcap stk cl c	$581,000	–	840	–	0.25%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$560,000	–	3,793	–	0.24%	–
V	New	VISA INC	$540,000	–	7,280	–	0.23%	–
HD	New	HOME DEPOT INC	$533,000	–	4,174	–	0.23%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$531,000	–	4,295	–	0.23%	–
IGSB	New	ISHARES TR1-3 yr cr bd etf	$516,000	–	4,865	–	0.22%	–
SPTI	New	SPDR SERIES TRUSTbrclys inter etf	$493,000	–	8,000	–	0.21%	–
WELL	New	WELLTOWER INC	$482,000	–	6,333	–	0.20%	–
VTR	New	VENTAS INC	$480,000	–	6,587	–	0.20%	–
LQD	New	ISHARES TRiboxx inv cp etf	$475,000	–	3,870	–	0.20%	–
SJM	New	SMUCKER J M CO	$468,000	–	3,072	–	0.20%	–
MMM	New	3M CO	$468,000	–	2,670	–	0.20%	–
BDX	New	BECTON DICKINSON & CO	$442,000	–	2,607	–	0.19%	–
LLY	New	LILLY ELI & CO	$414,000	–	5,262	–	0.18%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$414,000	–	3,861	–	0.18%	–
AFL	New	AFLAC INC	$361,000	–	5,000	–	0.15%	–
FB	New	FACEBOOK INCcl a	$355,000	–	3,110	–	0.15%	–
JPM	New	JPMORGAN CHASE & CO	$350,000	–	5,637	–	0.15%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$335,000	–	2,208	–	0.14%	–
CMP	New	COMPASS MINERALS INTL INC	$328,000	–	4,418	–	0.14%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$317,000	–	21,314	–	0.14%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$317,000	–	4,100	–	0.14%	–
CBU	New	COMMUNITY BK SYS INC	$318,000	–	7,730	–	0.14%	–
AMZN	New	AMAZON COM INC	$263,000	–	367	–	0.11%	–
SE	New	SPECTRA ENERGY CORP	$260,000	–	7,100	–	0.11%	–
COP	New	CONOCOPHILLIPS	$258,000	–	5,907	–	0.11%	–
DE	New	DEERE & CO	$255,000	–	3,148	–	0.11%	–
GLD	New	SPDR GOLD TRUST	$254,000	–	2,009	–	0.11%	–
SYK	New	STRYKER CORP	$249,000	–	2,075	–	0.11%	–
UNP	New	UNION PAC CORP	$247,000	–	2,826	–	0.10%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$245,000	–	4,444	–	0.10%	–
IBMI	New	ISHARES TRibonds sep20 etf	$238,000	–	9,175	–	0.10%	–
IBMG	New	ISHARES TRibonds sep18 etf	$238,000	–	9,275	–	0.10%	–
BCR	New	BARD C R INC	$235,000	–	1,000	–	0.10%	–
IBMH	New	ISHARES TRibonds sep19 etf	$236,000	–	9,175	–	0.10%	–
IBMF	New	ISHARESibonds sep17 etf	$233,000	–	8,530	–	0.10%	–
IBME	New	ISHARESibonds sep16 etf	$234,000	–	8,830	–	0.10%	–
ETN	New	EATON CORP PLC	$223,000	–	3,728	–	0.10%	–
QQQ	New	POWERSHARES QQQ TRUSTunit ser 1	$224,000	–	2,083	–	0.10%	–
IVV	New	ISHARES TRcore s&p500 etf	$218,000	–	1,035	–	0.09%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$218,000	–	1,685	–	0.09%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$217,000	–	1	–	0.09%	–
RPM	New	RPM INTL INC	$212,000	–	4,251	–	0.09%	–
GLW	New	CORNING INC	$210,000	–	10,265	–	0.09%	–
USB	New	US BANCORP DEL	$206,000	–	5,107	–	0.09%	–
F	New	FORD MTR CO DEL	$132,000	–	10,500	–	0.06%	–
WEN	New	WENDYS CO	$102,000	–	10,587	–	0.04%	–
PAH	New	PLATFORM SPECIALTY PRODS COR	$89,000	–	10,000	–	0.04%	–

Q4 2015

			Value		Shares		↓ Weighting
OMEX	Exit	ODYSSEY MARINE EXPLORATION I	$0	–	-84,100	–	-0.02%	–
WEN	Exit	WENDYS CO	$0	–	-10,587	–	-0.05%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-10,000	–	-0.05%	–
WPX	Exit	WPX ENERGY INC	$0	–	-27,334	–	-0.09%	–
GLW	Exit	CORNING INC	$0	–	-11,325	–	-0.10%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-1,110	–	-0.11%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,009	–	-0.11%	–
SPTI	Exit	SPDR SERIES TRUSTbrclys inter etf	$0	–	-3,600	–	-0.11%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-8,335	–	-0.11%	–
SYK	Exit	STRYKER CORP	$0	–	-2,465	–	-0.12%	–
IBME	Exit	ISHARES16 amt-free etf	$0	–	-8,830	–	-0.12%	–
IBMF	Exit	ISHARES17 amt-free etf	$0	–	-8,530	–	-0.12%	–
IBMH	Exit	ISHARES TR19 amt-free mn	$0	–	-9,175	–	-0.12%	–
IBMI	Exit	ISHARES TRibonds sep2020	$0	–	-9,175	–	-0.12%	–
IBMG	Exit	ISHARES TR18 amt-free etf	$0	–	-9,275	–	-0.12%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-2,215	–	-0.12%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-2,200	–	-0.13%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-7,057	–	-0.14%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-3,092	–	-0.14%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-7,730	–	-0.14%	–
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-22,388	–	-0.15%	–
AFL	Exit	AFLAC INC	$0	–	-5,000	–	-0.15%	–
ETN	Exit	EATON CORP PLC	$0	–	-5,737	–	-0.15%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-4,100	–	-0.15%	–
WELL	Exit	WELLTOWER INC	$0	–	-4,438	–	-0.15%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-4,381	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-2,170	–	-0.16%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,637	–	-0.17%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,607	–	-0.18%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,072	–	-0.18%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-3,000	–	-0.19%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-7,747	–	-0.20%	–
AAPL	Exit	APPLE INC	$0	–	-14,672	–	-0.20%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-8,252	–	-0.21%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-3,800	–	-0.21%	–
T	Exit	AT&T INC	$0	–	-13,216	–	-0.22%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-4,707	–	-0.23%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,558	–	-0.24%	–
KO	Exit	COCA COLA CO	$0	–	-11,705	–	-0.24%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,803	–	-0.24%	–
V	Exit	VISA INC	$0	–	-7,048	–	-0.25%	–
IEI	Exit	ISHARES TR3-7 yr tr bd etf	$0	–	-4,000	–	-0.25%	–
HD	Exit	HOME DEPOT INC	$0	–	-4,432	–	-0.26%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-6,911	–	-0.26%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,896	–	-0.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,906	–	-0.28%	–
IGSB	Exit	ISHARES TR1-3 yr cr bd etf	$0	–	-5,260	–	-0.28%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,770	–	-0.29%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-7,449	–	-0.30%	–
SO	Exit	SOUTHERN CO	$0	–	-14,258	–	-0.32%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-8,202	–	-0.33%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-13,699	–	-0.33%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-17,383	–	-0.35%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-6,045	–	-0.36%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-5,535	–	-0.37%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-10,199	–	-0.46%	–
DGRO	Exit	ISHARES TRcore div grwth	$0	–	-38,180	–	-0.47%	–
MCD	Exit	MCDONALDS CORP	$0	–	-9,434	–	-0.47%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-18,160	–	-0.50%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-43,181	–	-0.55%	–
PFE	Exit	PFIZER INC	$0	–	-38,596	–	-0.61%	–
EEMV	Exit	ISHARESem mk minvol etf	$0	–	-24,478	–	-0.62%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-45,360	–	-1.00%	–
DIS	Exit	DISNEY WALT CO	$0	–	-21,358	–	-1.10%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-33,170	–	-1.62%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-90,116	–	-1.68%	–
EFAV	Exit	ISHARES TReafe min vol etf	$0	–	-54,548	–	-1.72%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-37,374	–	-1.87%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-124,942	–	-4.55%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-112,453	–	-5.51%	–
MLPI	Exit	UBS AG JERSEY BRHalerian infrst	$0	–	-494,441	–	-6.77%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-359,405	–	-7.19%	–
IHE	Exit	ISHARES TRu.s. pharma etf	$0	–	-103,513	–	-7.76%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-329,318	–	-7.87%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-306,751	–	-10.81%	–
USMV	Exit	ISHARES TRusa min vol etf	$0	–	-1,321,780	–	-26.50%	–

Q3 2015

			Value		Shares		↓ Weighting
USMV	Sell	ISHARES TRusa min vol etf	$52,329,000	-4.6%	1,321,780	-2.8%	26.50%	+9.0%
HDV	Sell	ISHARES TRcore high dv etf	$21,344,000	-7.6%	306,751	-2.3%	10.81%	+5.5%
XLP	Sell	SELECT SECTOR SPDR TRsbi cons stpls	$15,541,000	-2.9%	329,318	-2.1%	7.87%	+10.9%
IHE	Sell	ISHARES TRu.s. pharma etf	$15,322,000	-17.8%	103,513	-2.9%	7.76%	-6.1%
XLK	Sell	SELECT SECTOR SPDR TRtechnology	$14,196,000	-9.9%	359,405	-5.6%	7.19%	+3.0%
MLPI	Sell	UBS AG JERSEY BRHalerian infrst	$13,380,000	-28.6%	494,441	-7.3%	6.77%	-18.4%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$10,891,000	-16.7%	112,453	-7.3%	5.51%	-4.8%
PG	Sell	PROCTER & GAMBLE CO	$8,988,000	-25.9%	124,942	-19.4%	4.55%	-15.3%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$3,690,000	-32.0%	37,374	-26.3%	1.87%	-22.3%
EFAV	Sell	ISHARES TReafe min vol etf	$3,403,000	-10.6%	54,548	-6.5%	1.72%	+2.1%
WMB	Sell	WILLIAMS COS INC DEL	$3,321,000	-42.4%	90,116	-10.3%	1.68%	-34.2%
CVS	Sell	CVS HEALTH CORP	$3,200,000	-14.3%	33,170	-6.8%	1.62%	-2.1%
DIS	Buy	DISNEY WALT CO	$2,183,000	-10.0%	21,358	+0.5%	1.10%	+2.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,974,000	-9.9%	45,360	-3.5%	1.00%	+3.0%
EEMV	Sell	ISHARESem mk minvol etf	$1,219,000	-52.3%	24,478	-44.7%	0.62%	-45.5%
PFE	Buy	PFIZER INC	$1,212,000	-6.1%	38,596	+0.3%	0.61%	+7.3%
GE	Buy	GENERAL ELECTRIC CO	$1,089,000	-2.2%	43,181	+3.0%	0.55%	+11.5%
MO	Buy	ALTRIA GROUP INC	$988,000	+11.4%	18,160	+0.1%	0.50%	+27.2%
DGRO	Sell	ISHARES TRcore div grwth	$926,000	-28.5%	38,180	-23.8%	0.47%	-18.3%
PNC	Buy	PNC FINL SVCS GROUP INC	$910,000	-6.7%	10,199	+0.0%	0.46%	+6.7%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$722,000	-4.6%	5,535	-0.4%	0.37%	+9.3%
VO	Sell	VANGUARD INDEX FDSmid cap etf	$705,000	-17.8%	6,045	-10.2%	0.36%	-6.1%
AMTD	Buy	TD AMERITRADE HLDG CORP	$685,000	-6.4%	17,383	+1.0%	0.35%	+7.1%
COP	Buy	CONOCOPHILLIPS	$657,000	-20.7%	13,699	+1.5%	0.33%	-9.3%
PM	Buy	PHILIP MORRIS INTL INC	$651,000	+0.2%	8,202	+1.2%	0.33%	+14.6%
SO	Buy	SOUTHERN CO	$637,000	+19.5%	14,258	+12.1%	0.32%	+36.9%
CVX	Sell	CHEVRON CORP NEW	$588,000	-19.7%	7,449	-1.8%	0.30%	-8.0%
JNJ	Buy	JOHNSON & JOHNSON	$551,000	-4.0%	5,906	+0.3%	0.28%	+9.8%
XOM	Sell	EXXON MOBIL CORP	$514,000	-11.7%	6,911	-1.2%	0.26%	+0.8%
HD	Sell	HOME DEPOT INC	$512,000	+2.4%	4,432	-1.5%	0.26%	+16.7%
IEI	New	ISHARES TR3-7 yr tr bd etf	$499,000	–	4,000	–	0.25%	–
V	Buy	VISA INC	$491,000	+3.8%	7,048	+0.0%	0.25%	+18.6%
MSFT	Sell	MICROSOFT CORP	$478,000	-5.0%	10,803	-5.2%	0.24%	+8.5%
KO	New	COCA COLA CO	$470,000	–	11,705	–	0.24%	–
LLY	Buy	LILLY ELI & CO	$465,000	+0.2%	5,558	+0.0%	0.24%	+14.1%
HON	Sell	HONEYWELL INTL INC	$446,000	-9.5%	4,707	-2.6%	0.23%	+3.7%
T	Sell	AT&T INC	$431,000	-8.3%	13,216	-0.0%	0.22%	+4.8%
MBB	New	ISHARES TRmbs etf	$417,000	–	3,800	–	0.21%	–
MRK	Sell	MERCK & CO INC NEW	$408,000	-14.5%	8,252	-1.6%	0.21%	-1.9%
AAPL	Buy	APPLE INC	$405,000	+0.2%	14,672	+13.9%	0.20%	+14.5%
WFC	New	WELLS FARGO & CO NEW	$398,000	–	7,747	–	0.20%	–
JPM	Sell	JPMORGAN CHASE & CO	$344,000	-16.7%	5,637	-7.6%	0.17%	-4.9%
MMM	Sell	3M CO	$308,000	-15.2%	2,170	-7.7%	0.16%	-3.1%
SLB	Buy	SCHLUMBERGER LTD	$302,000	-20.1%	4,381	+0.0%	0.15%	-8.4%
WELL	New	WELLTOWER INC	$301,000	–	4,438	–	0.15%	–
ETN	Sell	EATON CORP PLC	$294,000	-34.2%	5,737	-13.3%	0.15%	-24.7%
AFL	Buy	AFLAC INC	$291,000	-2.3%	5,000	+4.2%	0.15%	+11.4%
VGM	Buy	INVESCO TR INVT GRADE MUNS	$289,000	+7.0%	22,388	+5.0%	0.15%	+21.7%
FB	Buy	FACEBOOK INCcl a	$278,000	+23.6%	3,092	+18.0%	0.14%	+41.0%
PFF	Buy	ISHARES TRu.s. pfd stk etf	$272,000	+3.0%	7,057	+4.6%	0.14%	+17.9%
LQD	New	ISHARES TRiboxx inv cp etf	$255,000	–	2,200	–	0.13%	–
BTI	Sell	BRITISH AMERN TOB PLCsponsored adr	$244,000	-11.9%	2,215	-13.5%	0.12%	+0.8%
SYK	Buy	STRYKER CORP	$232,000	+6.9%	2,465	+8.4%	0.12%	+21.9%
SE	Sell	SPECTRA ENERGY CORP	$219,000	-49.5%	8,335	-37.4%	0.11%	-42.2%
SPTI	New	SPDR SERIES TRUSTbrclys inter etf	$218,000	–	3,600	–	0.11%	–
GLW	Buy	CORNING INC	$194,000	-12.6%	11,325	+0.7%	0.10%	0.0%
WPX	Sell	WPX ENERGY INC	$181,000	-73.3%	27,334	-50.5%	0.09%	-69.3%
VLY	New	VALLEY NATL BANCORP	$98,000	–	10,000	–	0.05%	–
USB	Exit	US BANCORP DEL	$0	–	-4,807	–	-0.09%	–
PEP	Exit	PEPSICO INC	$0	–	-2,278	–	-0.09%	–
RPM	Exit	RPM INTL INC	$0	–	-4,377	–	-0.10%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-2,070	–	-0.10%	–
HYD	Exit	MARKET VECTORS ETF TRhg yld mun etf	$0	–	-7,680	–	-0.10%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-7,145	–	-0.12%	–

Q2 2015

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRusa min vol etf	$54,844,000	–	1,360,227	–	24.30%	–
HDV	New	ISHARES TRcore high dv etf	$23,108,000	–	314,096	–	10.24%	–
MLPI	New	UBS AG JERSEY BRHalerian infrst	$18,732,000	–	533,516	–	8.30%	–
IHE	New	ISHARESu.s. pharma etf	$18,641,000	–	106,629	–	8.26%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$16,013,000	–	336,416	–	7.10%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$15,757,000	–	380,599	–	6.98%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$13,079,000	–	121,311	–	5.80%	–
PG	New	PROCTER & GAMBLE CO	$12,132,000	–	155,064	–	5.38%	–
WMB	New	WILLIAMS COS INC DEL	$5,768,000	–	100,511	–	2.56%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$5,427,000	–	50,706	–	2.40%	–
EFAV	New	ISHARES TReafe min vol etf	$3,807,000	–	58,311	–	1.69%	–
CVS	New	CVS HEALTH CORP	$3,732,000	–	35,580	–	1.65%	–
EEMV	New	ISHARESem mk minvol etf	$2,555,000	–	44,301	–	1.13%	–
DIS	New	DISNEY WALT CO	$2,426,000	–	21,257	–	1.08%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,190,000	–	46,982	–	0.97%	–
DGRO	New	ISHARES TRcore div grwth	$1,296,000	–	50,135	–	0.57%	–
PFE	New	PFIZER INC	$1,291,000	–	38,494	–	0.57%	–
GE	New	GENERAL ELECTRIC CO	$1,114,000	–	41,917	–	0.49%	–
PNC	New	PNC FINL SVCS GROUP INC	$975,000	–	10,197	–	0.43%	–
MCD	New	MCDONALDS CORP	$897,000	–	9,434	–	0.40%	–
MO	New	ALTRIA GROUP INC	$887,000	–	18,142	–	0.39%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$858,000	–	6,734	–	0.38%	–
COP	New	CONOCOPHILLIPS	$829,000	–	13,495	–	0.37%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$757,000	–	5,560	–	0.34%	–
CVX	New	CHEVRON CORP NEW	$732,000	–	7,586	–	0.32%	–
AMTD	New	TD AMERITRADE HLDG CORP	$732,000	–	17,208	–	0.32%	–
WPX	New	WPX ENERGY INC	$678,000	–	55,223	–	0.30%	–
PM	New	PHILIP MORRIS INTL INC	$650,000	–	8,106	–	0.29%	–
XOM	New	EXXON MOBIL CORP	$582,000	–	6,993	–	0.26%	–
JNJ	New	JOHNSON & JOHNSON	$574,000	–	5,890	–	0.25%	–
UNP	New	UNION PAC CORP	$562,000	–	5,896	–	0.25%	–
IGSB	New	ISHARES1-3 yr cr bd etf	$554,000	–	5,260	–	0.24%	–
SO	New	SOUTHERN CO	$533,000	–	12,715	–	0.24%	–
LMT	New	LOCKHEED MARTIN CORP	$515,000	–	2,770	–	0.23%	–
MSFT	New	MICROSOFT CORP	$503,000	–	11,394	–	0.22%	–
HD	New	HOME DEPOT INC	$500,000	–	4,501	–	0.22%	–
HON	New	HONEYWELL INTL INC	$493,000	–	4,831	–	0.22%	–
MRK	New	MERCK & CO INC NEW	$477,000	–	8,383	–	0.21%	–
V	New	VISA INC	$473,000	–	7,047	–	0.21%	–
T	New	AT&T INC	$470,000	–	13,222	–	0.21%	–
LLY	New	LILLY ELI & CO	$464,000	–	5,556	–	0.21%	–
ETN	New	EATON CORP PLC	$447,000	–	6,618	–	0.20%	–
SE	New	SPECTRA ENERGY CORP	$434,000	–	13,315	–	0.19%	–
JPM	New	JPMORGAN CHASE & CO	$413,000	–	6,102	–	0.18%	–
AAPL	New	APPLE INC	$404,000	–	12,880	–	0.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$389,000	–	3,000	–	0.17%	–
SLB	New	SCHLUMBERGER LTD	$378,000	–	4,380	–	0.17%	–
BDX	New	BECTON DICKINSON & CO	$369,000	–	2,607	–	0.16%	–
MMM	New	3M CO	$363,000	–	2,350	–	0.16%	–
SJM	New	SMUCKER J M CO	$333,000	–	3,072	–	0.15%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$326,000	–	4,100	–	0.14%	–
AFL	New	AFLAC INC	$298,000	–	4,798	–	0.13%	–
CBU	New	COMMUNITY BK SYS INC	$292,000	–	7,730	–	0.13%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$277,000	–	2,560	–	0.12%	–
KMI	New	KINDER MORGAN INC DEL	$274,000	–	7,145	–	0.12%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$270,000	–	21,314	–	0.12%	–
PFF	New	ISHARESu.s. pfd stk etf	$264,000	–	6,744	–	0.12%	–
IBMG	New	ISHARES TR18 amt-free etf	$237,000	–	9,275	–	0.10%	–
IBMF	New	ISHARES17 amt-free etf	$234,000	–	8,530	–	0.10%	–
IBME	New	ISHARES16 amt-free etf	$235,000	–	8,830	–	0.10%	–
IBMH	New	ISHARES TR19 amt-free mn	$233,000	–	9,175	–	0.10%	–
IBMI	New	ISHARES TRibonds sep2020	$232,000	–	9,175	–	0.10%	–
IVV	New	ISHARES TRcore s&p500 etf	$230,000	–	1,110	–	0.10%	–
HYD	New	MARKET VECTORS ETF TRhg yld mun etf	$230,000	–	7,680	–	0.10%	–
GLD	New	SPDR GOLD TRUST	$226,000	–	2,009	–	0.10%	–
IXJ	New	ISHARES TRglob hlthcre etf	$225,000	–	2,070	–	0.10%	–
FB	New	FACEBOOK INCcl a	$225,000	–	2,620	–	0.10%	–
GLW	New	CORNING INC	$222,000	–	11,244	–	0.10%	–
SYK	New	STRYKER CORP	$217,000	–	2,275	–	0.10%	–
RPM	New	RPM INTL INC	$214,000	–	4,377	–	0.10%	–
PEP	New	PEPSICO INC	$213,000	–	2,278	–	0.09%	–
USB	New	US BANCORP DEL	$209,000	–	4,807	–	0.09%	–
WEN	New	WENDYS CO	$119,000	–	10,587	–	0.05%	–
OMEX	New	ODYSSEY MARINE EXPLORATION I	$40,000	–	84,100	–	0.02%	–

Q4 2014

			Value		Shares		↓ Weighting
OMEX	Exit	ODYSSEY MARINE EXPLORATION I	$0	–	-84,100	–	-0.04%	–
SYK	Exit	STRYKER CORP	$0	–	-2,500	–	-0.09%	–
USB	Exit	US BANCORP DEL	$0	–	-4,807	–	-0.09%	–
FB	Exit	FACEBOOK INCcl a	$0	–	-2,620	–	-0.10%	–
JPW	Exit	NUVEEN FLEXIBLE INVT INCOME	$0	–	-12,000	–	-0.10%	–
IXJ	Exit	ISHARES TRglob hlthcre etf	$0	–	-2,200	–	-0.10%	–
KO	Exit	COCA COLA CO	$0	–	-5,005	–	-0.10%	–
INTC	Exit	INTEL CORP	$0	–	-6,280	–	-0.10%	–
IWN	Exit	ISHARES TRrus 2000 val etf	$0	–	-2,348	–	-0.10%	–
PAA	Exit	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$0	–	-3,909	–	-0.11%	–
IBMF	Exit	ISHARES17 amt-free etf	$0	–	-4,265	–	-0.11%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-2,004	–	-0.11%	–
IBME	Exit	ISHARES16 amt-free etf	$0	–	-4,415	–	-0.11%	–
IBMG	Exit	ISHARES TR18 amt-free etf	$0	–	-9,275	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-2,726	–	-0.12%	–
CBU	Exit	COMMUNITY BK SYS INC	$0	–	-7,730	–	-0.12%	–
AAPL	Exit	APPLE INC	$0	–	-10,506	–	-0.12%	–
PFF	Exit	ISHARESu.s. pfd stk etf	$0	–	-6,885	–	-0.13%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,378	–	-0.13%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,520	–	-0.14%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,600	–	-0.14%	–
DVA	Exit	DAVITA HEALTHCARE PARTNERS I	$0	–	-4,100	–	-0.14%	–
SJM	Exit	SMUCKER J M CO	$0	–	-3,072	–	-0.14%	–
MMM	Exit	3M CO	$0	–	-2,170	–	-0.14%	–
LLY	Exit	LILLY ELI & CO	$0	–	-5,552	–	-0.17%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-3,000	–	-0.17%	–
V	Exit	VISA INC	$0	–	-1,877	–	-0.19%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-4,170	–	-0.20%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-4,529	–	-0.20%	–
ETN	Exit	EATON CORP PLC	$0	–	-6,755	–	-0.20%	–
T	Exit	AT&T INC	$0	–	-12,524	–	-0.20%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-17,557	–	-0.21%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-10,446	–	-0.22%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-8,045	–	-0.23%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-8,197	–	-0.23%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-10,916	–	-0.23%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,808	–	-0.24%	–
SO	Exit	SOUTHERN CO	$0	–	-12,992	–	-0.26%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,780	–	-0.26%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,581	–	-0.28%	–
UNP	Exit	UNION PAC CORP	$0	–	-5,896	–	-0.30%	–
VO	Exit	VANGUARD INDEX FDSmid cap etf	$0	–	-5,641	–	-0.31%	–
MCD	Exit	MCDONALDS CORP	$0	–	-7,117	–	-0.31%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-17,405	–	-0.32%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-5,024	–	-0.32%	–
BTI	Exit	BRITISH AMERN TOB PLCsponsored adr	$0	–	-6,355	–	-0.34%	–
CBOE	Exit	CBOE HLDGS INC	$0	–	-14,052	–	-0.35%	–
AMTD	Exit	TD AMERITRADE HLDG CORP	$0	–	-16,845	–	-0.39%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-9,274	–	-0.41%	–
IGSB	Exit	ISHARES1-3 yr cr bd etf	$0	–	-9,820	–	-0.48%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,056	–	-0.56%	–
PFE	Exit	PFIZER INC	$0	–	-47,650	–	-0.66%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-20,123	–	-0.72%	–
DIS	Exit	DISNEY WALT CO	$0	–	-20,762	–	-0.86%	–
WPX	Exit	WPX ENERGY INC	$0	–	-77,130	–	-0.86%	–
EEMV	Exit	ISHARESem mk minvol etf	$0	–	-44,688	–	-1.24%	–
EFAV	Exit	ISHARES TReafe min vol etf	$0	–	-44,767	–	-1.31%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-58,683	–	-1.37%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-31,187	–	-1.47%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-41,980	–	-1.56%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-102,736	–	-2.65%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-99,257	–	-4.61%	–
XLP	Exit	SELECT SECTOR SPDR TRsbi cons stpls	$0	–	-272,488	–	-5.72%	–
FLOT	Exit	ISHARES TRfltg rate bd etf	$0	–	-242,993	–	-5.75%	–
XLK	Exit	SELECT SECTOR SPDR TRtechnology	$0	–	-330,461	–	-6.14%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-171,792	–	-6.70%	–
IHE	Exit	ISHARESu.s. pharma etf	$0	–	-111,762	–	-7.30%	–
HDV	Exit	ISHARES TRcore high dv etf	$0	–	-293,367	–	-10.28%	–
MLPI	Exit	UBS AG JERSEY BRHalerian infrst	$0	–	-499,003	–	-10.62%	–
USMV	Exit	ISHARES TRusa min vol etf	$0	–	-1,135,192	–	-19.92%	–

Q3 2014

			Value		Shares		↓ Weighting
USMV	Buy	ISHARES TRusa min vol etf	$42,774,000	+9.7%	1,135,192	+8.4%	19.92%	+4.9%
MLPI	Buy	UBS AG JERSEY BRHalerian infrst	$22,814,000	+7.5%	499,003	+4.8%	10.62%	+2.8%
HDV	Buy	ISHARES TRcore high dv etf	$22,073,000	+4.3%	293,367	+4.5%	10.28%	-0.3%
IHE	Buy	ISHARESu.s. pharma etf	$15,686,000	+15.3%	111,762	+11.0%	7.30%	+10.2%
PG	Sell	PROCTER & GAMBLE CO	$14,386,000	-7.0%	171,792	-12.8%	6.70%	-11.1%
XLK	Buy	SELECT SECTOR SPDR TRtechnology	$13,185,000	+14.2%	330,461	+9.7%	6.14%	+9.2%
FLOT	Buy	ISHARES TRfltg rate bd etf	$12,351,000	+1.6%	242,993	+1.6%	5.75%	-2.8%
XLP	Buy	SELECT SECTOR SPDR TRsbi cons stpls	$12,292,000	+10.3%	272,488	+9.1%	5.72%	+5.5%
VBR	Buy	VANGUARD INDEX FDSsm cp val etf	$9,900,000	-0.6%	99,257	+5.1%	4.61%	-4.9%
WMB	Sell	WILLIAMS COS INC DEL	$5,686,000	-7.5%	102,736	-2.7%	2.65%	-11.6%
CVS	Buy	CVS HEALTH CORP	$3,341,000	+11.5%	41,980	+5.6%	1.56%	+6.6%
VTI	Buy	VANGUARD INDEX FDStotal stk mkt	$3,157,000	+23.0%	31,187	+23.6%	1.47%	+17.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$2,934,000	+13.5%	58,683	+11.0%	1.37%	+8.4%
EFAV	Buy	ISHARES TReafe min vol etf	$2,804,000	+0.1%	44,767	+4.5%	1.31%	-4.3%
EEMV	Buy	ISHARESem mk minvol etf	$2,672,000	+8.0%	44,688	+8.6%	1.24%	+3.3%
WPX	Sell	WPX ENERGY INC	$1,856,000	-1.7%	77,130	-2.3%	0.86%	-6.1%
DIS	Buy	DISNEY WALT CO	$1,848,000	+4.6%	20,762	+0.7%	0.86%	0.0%
COP	Sell	CONOCOPHILLIPS	$1,540,000	-36.8%	20,123	-29.2%	0.72%	-39.6%
PFE	Sell	PFIZER INC	$1,409,000	-10.4%	47,650	-10.1%	0.66%	-14.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,193,000	+1.1%	6,056	+0.4%	0.56%	-3.3%
IGSB	Buy	ISHARES1-3 yr cr bd etf	$1,034,000	+7.6%	9,820	+8.0%	0.48%	+3.0%
XOM	Sell	EXXON MOBIL CORP	$872,000	-10.5%	9,274	-4.2%	0.41%	-14.3%
AMTD	Buy	TD AMERITRADE HLDG CORP	$832,000	-3.3%	16,845	+0.7%	0.39%	-7.6%
BTI	Sell	BRITISH AMERN TOB PLCsponsored adr	$719,000	-8.1%	6,355	-3.3%	0.34%	-12.1%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$694,000	+11.4%	5,024	+2.0%	0.32%	+6.6%
SE	Sell	SPECTRA ENERGY CORP	$683,000	-17.7%	17,405	-10.9%	0.32%	-21.3%
VO	Buy	VANGUARD INDEX FDSmid cap etf	$662,000	+19.7%	5,641	+21.2%	0.31%	+14.5%
JNJ	Sell	JOHNSON & JOHNSON	$595,000	+0.8%	5,581	-1.1%	0.28%	-3.5%
CVX	Sell	CHEVRON CORP NEW	$570,000	-14.7%	4,780	-6.5%	0.26%	-18.5%
SO	Sell	SOUTHERN CO	$567,000	-8.4%	12,992	-4.8%	0.26%	-12.3%
LMT	New	LOCKHEED MARTIN CORP	$513,000	–	2,808	–	0.24%	–
MO	Buy	ALTRIA GROUP INC	$501,000	+11.6%	10,916	+2.0%	0.23%	+6.4%
JPM	Sell	JPMORGAN CHASE & CO	$485,000	+4.5%	8,045	-0.1%	0.23%	0.0%
MSFT	New	MICROSOFT CORP	$484,000	–	10,446	–	0.22%	–
GE	Buy	GENERAL ELECTRIC CO	$450,000	-0.2%	17,557	+2.3%	0.21%	-4.5%
T	Sell	AT&T INC	$441,000	-1.1%	12,524	-0.8%	0.20%	-5.5%
ETN	Sell	EATON CORP PLC	$428,000	-19.1%	6,755	-1.5%	0.20%	-22.9%
HON	Sell	HONEYWELL INTL INC	$422,000	-0.9%	4,529	-1.1%	0.20%	-4.8%
V	Buy	VISA INC	$400,000	+1.3%	1,877	+0.1%	0.19%	-3.1%
LLY	Sell	LILLY ELI & CO	$360,000	+2.6%	5,552	-1.8%	0.17%	-1.8%
BDX	New	BECTON DICKINSON & CO	$296,000	–	2,600	–	0.14%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$289,000	+0.3%	1,520	-4.3%	0.14%	-3.6%
PM	Buy	PHILIP MORRIS INTL INC	$282,000	+2.2%	3,378	+3.4%	0.13%	-2.2%
PFF	Buy	ISHARESu.s. pfd stk etf	$272,000	+4.2%	6,885	+5.4%	0.13%	0.0%
AAPL	Buy	APPLE INC	$265,000	+15.7%	10,506	+6.4%	0.12%	+9.8%
PEP	Sell	PEPSICO INC	$254,000	-2.3%	2,726	-6.5%	0.12%	-7.1%
INTC	Sell	INTEL CORP	$219,000	+2.8%	6,280	-9.1%	0.10%	-1.9%
IWN	Sell	ISHARES TRrus 2000 val etf	$220,000	-24.4%	2,348	-16.7%	0.10%	-28.2%
KO	Sell	COCA COLA CO	$214,000	-12.7%	5,005	-13.4%	0.10%	-16.0%
IXJ	Sell	ISHARES TRglob hlthcre etf	$215,000	-14.0%	2,200	-17.0%	0.10%	-18.0%
JPW	Sell	NUVEEN FLEXIBLE INVT INCOME	$210,000	-25.5%	12,000	-20.0%	0.10%	-28.5%
FB	Sell	FACEBOOK INCcl a	$207,000	-1.4%	2,620	-16.0%	0.10%	-5.9%
NLY	Exit	ANNALY CAP MGMT INC	$0	–	-13,458	–	-0.08%	–
BKH	Exit	BLACK HILLS CORP	$0	–	-3,500	–	-0.10%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-2,878	–	-0.11%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-2,300	–	-0.11%	–
QCOM	Exit	QUALCOMM INC	$0	–	-3,000	–	-0.12%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-2,221	–	-0.12%	–
KMR	Exit	KINDER MORGAN MANAGEMENT LLC	$0	–	-3,213	–	-0.12%	–

Q2 2014

			Value		Shares		↓ Weighting
USMV	New	ISHARES TRusa min vol etf	$38,996,000	–	1,047,707	–	18.99%	–
MLPI	New	UBS AG JERSEY BRHalerian infrst	$21,228,000	–	476,184	–	10.34%	–
HDV	New	ISHARES TRhigh dividnd etf	$21,159,000	–	280,665	–	10.31%	–
PG	New	PROCTER & GAMBLE CO	$15,477,000	–	196,928	–	7.54%	–
IHE	New	ISHARESu.s. pharma etf	$13,607,000	–	100,710	–	6.63%	–
FLOT	New	ISHARES TRfltg rate bd etf	$12,154,000	–	239,255	–	5.92%	–
XLK	New	SELECT SECTOR SPDR TRtechnology	$11,548,000	–	301,131	–	5.62%	–
XLP	New	SELECT SECTOR SPDR TRsbi cons stpls	$11,145,000	–	249,773	–	5.43%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$9,960,000	–	94,404	–	4.85%	–
WMB	New	WILLIAMS COS INC DEL	$6,147,000	–	105,598	–	2.99%	–
CVS	New	CVS CAREMARK CORPORATION	$2,997,000	–	39,769	–	1.46%	–
EFAV	New	ISHARES TReafe min vol etf	$2,802,000	–	42,851	–	1.36%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,586,000	–	52,854	–	1.26%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$2,567,000	–	25,224	–	1.25%	–
EEMV	New	ISHARESem mk minvol etf	$2,473,000	–	41,167	–	1.20%	–
COP	New	CONOCOPHILLIPS	$2,438,000	–	28,433	–	1.19%	–
WPX	New	WPX ENERGY INC	$1,888,000	–	78,960	–	0.92%	–
DIS	New	DISNEY WALT CO	$1,767,000	–	20,612	–	0.86%	–
PFE	New	PFIZER INC	$1,573,000	–	52,994	–	0.77%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,180,000	–	6,031	–	0.58%	–
XOM	New	EXXON MOBIL CORP	$974,000	–	9,676	–	0.47%	–
IGSB	New	ISHARES1-3 yr cr bd etf	$961,000	–	9,093	–	0.47%	–
AMTD	New	TD AMERITRADE HLDG CORP	$860,000	–	16,733	–	0.42%	–
SE	New	SPECTRA ENERGY CORP	$830,000	–	19,535	–	0.40%	–
BTI	New	BRITISH AMERN TOB PLCsponsored adr	$782,000	–	6,570	–	0.38%	–
MCD	New	MCDONALDS CORP	$717,000	–	7,117	–	0.35%	–
CBOE	New	CBOE HLDGS INC	$692,000	–	14,052	–	0.34%	–
CVX	New	CHEVRON CORP NEW	$668,000	–	5,114	–	0.32%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$623,000	–	4,924	–	0.30%	–
SO	New	SOUTHERN CO	$619,000	–	13,642	–	0.30%	–
JNJ	New	JOHNSON & JOHNSON	$590,000	–	5,642	–	0.29%	–
UNP	New	UNION PAC CORP	$588,000	–	5,896	–	0.29%	–
VO	New	VANGUARD INDEX FDSmid cap etf	$553,000	–	4,656	–	0.27%	–
ETN	New	EATON CORP PLC	$529,000	–	6,858	–	0.26%	–
SLB	New	SCHLUMBERGER LTD	$492,000	–	4,170	–	0.24%	–
MRK	New	MERCK & CO INC NEW	$474,000	–	8,197	–	0.23%	–
JPM	New	JPMORGAN CHASE & CO	$464,000	–	8,056	–	0.23%	–
GE	New	GENERAL ELECTRIC CO	$451,000	–	17,157	–	0.22%	–
MO	New	ALTRIA GROUP INC	$449,000	–	10,697	–	0.22%	–
T	New	AT&T INC	$446,000	–	12,623	–	0.22%	–
HON	New	HONEYWELL INTL INC	$426,000	–	4,579	–	0.21%	–
V	New	VISA INC	$395,000	–	1,876	–	0.19%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$354,000	–	3,000	–	0.17%	–
LLY	New	LILLY ELI & CO	$351,000	–	5,652	–	0.17%	–
SJM	New	SMUCKER J M CO	$327,000	–	3,072	–	0.16%	–
MMM	New	3M CO	$311,000	–	2,170	–	0.15%	–
DVA	New	DAVITA HEALTHCARE PARTNERS I	$297,000	–	4,100	–	0.14%	–
IWN	New	ISHARESrus 2000 val etf	$291,000	–	2,820	–	0.14%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$288,000	–	1,589	–	0.14%	–
JPW	New	NUVEEN FLEXIBLE INVT INCOME	$282,000	–	15,000	–	0.14%	–
CBU	New	COMMUNITY BK SYS INC	$280,000	–	7,730	–	0.14%	–
PM	New	PHILIP MORRIS INTL INC	$276,000	–	3,268	–	0.13%	–
PFF	New	ISHARESu.s. pfd stk etf	$261,000	–	6,535	–	0.13%	–
PEP	New	PEPSICO INC	$260,000	–	2,915	–	0.13%	–
GLD	New	SPDR GOLD TRUST	$257,000	–	2,004	–	0.12%	–
KMR	New	KINDER MORGAN MANAGEMENT LLC	$254,000	–	3,213	–	0.12%	–
IXJ	New	ISHARESglob hlthcre etf	$250,000	–	2,650	–	0.12%	–
KO	New	COCA COLA CO	$245,000	–	5,779	–	0.12%	–
CAT	New	CATERPILLAR INC DEL	$241,000	–	2,221	–	0.12%	–
QCOM	New	QUALCOMM INC	$238,000	–	3,000	–	0.12%	–
IBME	New	ISHARES16 amt-free etf	$236,000	–	4,415	–	0.12%	–
IBMG	New	ISHARES TR18 amt-free etf	$237,000	–	9,275	–	0.12%	–
IBMF	New	ISHARES17 amt-free etf	$236,000	–	4,265	–	0.12%	–
PAA	New	PLAINS ALL AMERN PIPELINE Lunit ltd partn	$235,000	–	3,909	–	0.11%	–
AAPL	New	APPLE INC	$229,000	–	9,876	–	0.11%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$227,000	–	2,300	–	0.11%	–
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$224,000	–	2,878	–	0.11%	–
BKH	New	BLACK HILLS CORP	$215,000	–	3,500	–	0.10%	–
INTC	New	INTEL CORP	$213,000	–	6,906	–	0.10%	–
SYK	New	STRYKER CORP	$211,000	–	2,500	–	0.10%	–
FB	New	FACEBOOK INCcl a	$210,000	–	3,120	–	0.10%	–
USB	New	US BANCORP DEL	$208,000	–	4,807	–	0.10%	–
NLY	New	ANNALY CAP MGMT INC	$154,000	–	13,458	–	0.08%	–
OMEX	New	ODYSSEY MARINE EXPLORATION I	$141,000	–	84,100	–	0.07%	–

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Export ARS Wealth Advisors, LLC's holdings