BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
DE	Sell	DEERE & CO COM	$15,347,290	-11.6%	40,668	-5.1%	6.34%	-12.7%
CAT	Buy	CATERPILLAR INC COM	$15,051,855	+12.4%	55,135	+1.3%	6.22%	+11.0%
CVX	Buy	CHEVRON CORPORATION	$9,648,268	+15.2%	57,219	+7.5%	3.99%	+13.7%
MCD	Buy	MCDONALDS CORP COM	$9,605,750	-8.9%	36,463	+3.2%	3.97%	-10.1%
LLY	Buy	ELI LILLY & CO	$8,873,388	+15.5%	16,520	+0.9%	3.67%	+14.0%
PG	Buy	PROCTER & GAMBLE CO COM	$8,038,063	+2.4%	55,108	+6.6%	3.32%	+1.1%
EMR	Buy	EMERSON ELEC COMPANY	$7,529,659	+12.9%	77,971	+5.7%	3.11%	+11.4%
JNJ	Buy	JOHNSON & JOHNSON COM	$7,004,321	+1.6%	44,972	+8.0%	2.89%	+0.3%
ALL	Buy	ALLSTATE CORP COM	$6,688,834	+6.7%	60,038	+4.4%	2.76%	+5.3%
LMT	Buy	LOCKHEED MARTIN CORP COM	$6,673,818	-10.6%	16,319	+0.6%	2.76%	-11.8%
HSY	Buy	HERSHEY CO	$6,490,395	-17.6%	32,439	+2.9%	2.68%	-18.7%
XOM	Buy	EXXON MOBIL CORPORATION	$6,453,879	+26.8%	54,889	+15.6%	2.67%	+25.0%
KO	Buy	COCA COLA CO COM	$5,152,065	-2.1%	92,034	+5.4%	2.13%	-3.3%
IBM	Buy	INTERNATIONAL BUSINESS MACHINE	$5,102,959	+17.0%	36,372	+11.6%	2.11%	+15.4%
CMI	Buy	CUMMINS INC COM	$4,977,001	-4.4%	21,785	+2.6%	2.06%	-5.7%
MRK	Buy	MERCK AND CO INC SHS	$4,796,235	+1.8%	46,588	+14.1%	1.98%	+0.5%
PFE	Buy	PFIZER INC COM	$4,722,015	-1.3%	142,358	+9.1%	1.95%	-2.6%
ABBV	Buy	ABBVIE INC COM	$4,531,722	+13.3%	30,402	+2.4%	1.87%	+11.8%
FDX	Buy	FEDEX CORP COM	$4,042,679	+8.2%	15,260	+1.3%	1.67%	+6.8%
SO	Buy	SOUTHERN COMPANY	$4,038,528	+3.4%	62,400	+12.2%	1.67%	+2.0%
INTC	Buy	INTEL CORP COM	$3,976,493	+10.3%	111,856	+3.8%	1.64%	+8.9%
RTX	Buy	RTX CORPORATION COM	$3,812,611	-22.5%	52,975	+5.5%	1.58%	-23.5%
MMM	Buy	3M CO COM	$3,799,782	+2.7%	40,587	+9.8%	1.57%	+1.4%
AXP	Buy	AMER EXPRESS COMPANY	$3,774,358	-10.8%	25,299	+4.2%	1.56%	-12.0%
DUK	Buy	DUKE ENERGY CORP	$3,411,867	+1.7%	38,657	+3.4%	1.41%	+0.4%
AAPL	Buy	APPLE INC	$3,406,223	-3.7%	19,895	+9.1%	1.41%	-5.0%
HAL	Buy	HALLIBURTON CO COM	$3,154,950	+34.7%	77,900	+9.7%	1.30%	+32.8%
GWW	Buy	W W GRAINGER INCORP	$3,072,675	-7.0%	4,441	+6.0%	1.27%	-8.3%
IVV	Sell	ISHARES CORE S&P 500 ETF	$2,993,127	-11.3%	6,970	-7.9%	1.24%	-12.5%
DD	Buy	DUPONT DE NEMOURS INC	$2,958,239	+14.0%	39,660	+9.2%	1.22%	+12.5%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$2,559,158	-10.5%	44,093	-1.3%	1.06%	-11.7%
ABT	Buy	ABBOTT LABORATORIES COM	$2,487,108	-5.3%	25,680	+6.6%	1.03%	-6.5%
SLB	Buy	SCHLUMBERGER LTD COM	$2,420,325	+31.4%	41,515	+10.8%	1.00%	+29.7%
BAC	Buy	BANK OF AMERICA CORP	$2,379,322	-1.0%	86,900	+3.8%	0.98%	-2.3%
MET	Buy	METLIFE INC COM	$2,334,590	+31.9%	37,110	+18.5%	0.96%	+30.2%
JPM	Buy	JPMORGAN CHASE & CO	$2,277,104	+32.0%	15,702	+32.4%	0.94%	+30.3%
TXN	Buy	TEXAS INSTRUMENTS	$2,030,558	+3.0%	12,770	+16.6%	0.84%	+1.7%
KHC	Buy	KRAFT (THE) HEINZ CO SHS	$1,876,002	+23.7%	55,767	+30.5%	0.78%	+22.0%
BA	Buy	BOEING CO	$1,825,177	-6.6%	9,522	+2.9%	0.75%	-7.8%
WY	Buy	WEYERHAEUSER CO	$1,809,339	+5.3%	59,013	+15.1%	0.75%	+4.0%
NVDA	Buy	NVIDIA	$1,648,612	+26.7%	3,790	+23.3%	0.68%	+25.0%
GT	Buy	GOODYEAR TIRE RUBBER	$1,541,320	-7.5%	124,000	+1.8%	0.64%	-8.7%
WMT	Buy	WALMART INC	$1,368,252	+11.0%	8,555	+9.1%	0.56%	+9.5%
C	Buy	CITIGROUP INC	$1,308,140	+6.4%	31,805	+19.1%	0.54%	+4.9%
DIS	Buy	DISNEY (WALT) CO COM STK	$1,305,391	+2.8%	16,106	+13.3%	0.54%	+1.3%
	Buy	GENERAL ELEC CO REG SHS	$1,203,668	+3.1%	10,888	+2.5%	0.50%	+1.6%
SCHW	Buy	CHARLES SCHWAB CORP	$1,176,233	+3.2%	21,425	+6.6%	0.49%	+1.9%
CLX	Buy	CLOROX CO DEL COM	$1,103,024	-17.3%	8,416	+0.3%	0.46%	-18.4%
COST	Sell	COSTCO WHOLESALE CO	$1,101,672	-2.6%	1,950	-7.1%	0.46%	-3.8%
MSFT	Buy	MICROSOFT CORP	$1,017,103	+39.8%	3,221	+50.8%	0.42%	+37.7%
CSCO	Buy	CISCO SYSTEMS INC COM	$973,594	+20.2%	18,110	+15.6%	0.40%	+18.6%
WHR	Sell	WHIRLPOOL CORP	$973,603	-11.4%	7,282	-1.4%	0.40%	-12.6%
KMI	Buy	KINDER MORGAN INC. DEL	$920,074	+46.0%	55,493	+51.6%	0.38%	+43.9%
BP	Buy	BP PLC SPON ADR	$901,982	+23.1%	23,295	+12.2%	0.37%	+21.5%
ITW	Sell	ILLINOIS TOOL WORKS	$876,889	-10.3%	3,807	-2.6%	0.36%	-11.5%
GIS	Buy	GENERAL MILLS	$869,624	-16.3%	13,590	+0.4%	0.36%	-17.5%
VTRS	Buy	VIATRIS INC COM	$837,841	+23.4%	84,974	+24.9%	0.35%	+21.8%
DOW	Sell	DOW INC REG SHS	$826,301	-4.4%	16,026	-1.3%	0.34%	-5.8%
HD	Buy	HOME DEPOT INC	$805,256	+0.3%	2,665	+3.1%	0.33%	-0.9%
LOW	Buy	LOWES COMPANIES INC	$798,164	-4.2%	3,840	+4.1%	0.33%	-5.4%
PSX	Buy	PHILLIPS 66 SHS	$763,553	+26.5%	6,355	+0.4%	0.32%	+24.5%
VZ	Sell	VERIZON COMMUNICATN	$751,069	-18.6%	23,174	-6.5%	0.31%	-19.7%
	Sell	SHELL PLC F SPONSORED ADR 1 AD	$747,130	+5.5%	11,605	-1.1%	0.31%	+4.0%
CAH	Buy	CARDINAL HEALTH INC	$698,901	-4.0%	8,050	+4.5%	0.29%	-5.2%
CTVA	Sell	CORTEVA INC REG SHS	$673,061	-13.8%	13,156	-3.5%	0.28%	-15.0%
JCI	Buy	JOHNSON CTLS Intl	$622,185	-20.2%	11,693	+2.2%	0.26%	-21.2%
COP	Buy	CONOCOPHILLIPS	$604,271	+31.9%	5,044	+14.1%	0.25%	+30.2%
ED	Sell	CONSOLIDATED EDISON INC	$596,144	-6.3%	6,970	-0.9%	0.25%	-7.5%
BAX	Sell	BAXTER INTERNATIONAL INC COM	$559,496	-23.2%	14,825	-7.3%	0.23%	-24.3%
T	Buy	AT&T INC	$546,878	+11.1%	36,410	+18.0%	0.23%	+9.7%
OGN	Buy	ORGANON AND CO REG SHS	$497,902	+14.3%	28,681	+37.0%	0.21%	+13.2%
AEP	Buy	AMER ELECTRIC PWR CO	$415,214	-3.3%	5,520	+8.2%	0.17%	-4.4%
VMC	Buy	VULCAN MATERIALS CO	$368,484	+7.3%	1,824	+19.7%	0.15%	+5.6%
ENB	Buy	ENBRIDGE INC F	$364,882	-3.6%	10,879	+6.8%	0.15%	-5.0%
MO	Buy	ALTRIA GROUP INC	$361,125	-4.7%	8,588	+2.7%	0.15%	-6.3%
VIAC	Sell	PARAMOUNT GLOBAL	$345,720	-70.1%	26,800	-63.1%	0.14%	-70.5%
TFC	Buy	TRUIST FINL CORP	$244,444	-1.9%	8,544	+4.1%	0.10%	-2.9%
FLR	New	FLUOR CORPORATION NEW	$213,778	–	5,825	–	0.09%	–
GPN	New	GLOBAL PAYMENTS INC	$204,125	–	1,769	–	0.08%	–
F	Buy	FORD MOTOR CO	$157,734	-10.9%	12,700	+8.5%	0.06%	-12.2%
GLW	Exit	CORNING INC	$0	–	-6,000	–	-0.09%	–
	Exit	GE HEALTHCARE TECHNO	$0	–	-3,283	–	-0.11%	–

Q2 2023

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$17,355,503	–	42,833	–	7.27%	–
CAT	New	CATERPILLAR INC COM	$13,387,581	–	54,410	–	5.60%	–
MCD	New	MCDONALDS CORP COM	$10,543,650	–	35,333	–	4.41%	–
CVX	New	CHEVRON CORPORATION	$8,377,943	–	53,244	–	3.51%	–
HSY	New	HERSHEY COMPANY	$7,875,288	–	31,539	–	3.30%	–
PG	New	PROCTER & GAMBLE CO COM	$7,846,182	–	51,708	–	3.28%	–
LLY	New	ELI LILLY & CO	$7,681,892	–	16,380	–	3.22%	–
LMT	New	LOCKHEED MARTIN CORP COM	$7,466,903	–	16,219	–	3.13%	–
JNJ	New	JOHNSON & JOHNSON COM	$6,893,339	–	41,647	–	2.89%	–
EMR	New	EMERSON ELEC CO COM	$6,670,872	–	73,801	–	2.79%	–
ALL	New	ALLSTATE CORP COM	$6,270,781	–	57,509	–	2.62%	–
KO	New	COCA COLA CO COM	$5,260,700	–	87,358	–	2.20%	–
CMI	New	CUMMINS INC COM	$5,205,973	–	21,235	–	2.18%	–
XOM	New	EXXON MOBIL CORP COM	$5,091,614	–	47,474	–	2.13%	–
RTX	New	RTX CORPORATION COM	$4,917,298	–	50,197	–	2.06%	–
PFE	New	PFIZER INC COM	$4,785,640	–	130,470	–	2.00%	–
MRK	New	MERCK AND CO INC SHS	$4,711,374	–	40,830	–	1.97%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,361,639	–	32,596	–	1.83%	–
AXP	New	AMER EXPRESS COMPANY	$4,231,144	–	24,289	–	1.77%	–
ABBV	New	ABBVIE INC COM	$3,998,382	–	29,677	–	1.67%	–
SO	New	SOUTHERN COMPANY	$3,905,900	–	55,600	–	1.64%	–
FDX	New	FEDEX CORP COM	$3,735,853	–	15,070	–	1.56%	–
MMM	New	3M CO COM	$3,699,856	–	36,965	–	1.55%	–
INTC	New	INTEL CORP COM	$3,605,044	–	107,806	–	1.51%	–
AAPL	New	APPLE INC	$3,537,431	–	18,237	–	1.48%	–
IVV	New	ISHARES CORE S&P 500 ETF	$3,374,025	–	7,570	–	1.41%	–
DUK	New	DUKE ENERGY CORP	$3,356,186	–	37,399	–	1.40%	–
GWW	New	W W GRAINGER INCORP	$3,305,224	–	4,191	–	1.38%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$2,858,117	–	44,693	–	1.20%	–
ABT	New	ABBOTT LABORATORIES COM	$2,625,202	–	24,080	–	1.10%	–
DD	New	DUPONT DE NEMOURS INC	$2,594,629	–	36,319	–	1.09%	–
BAC	New	BANK OF AMERICA CORP	$2,402,845	–	83,752	–	1.01%	–
HAL	New	HALLIBURTON CO COM	$2,342,290	–	71,000	–	0.98%	–
TXN	New	TEXAS INSTRUMENTS	$1,971,219	–	10,950	–	0.82%	–
BA	New	BOEING CO	$1,954,497	–	9,256	–	0.82%	–
SLB	New	SCHLUMBERGER LTD COM	$1,841,263	–	37,485	–	0.77%	–
MET	New	METLIFE INC COM	$1,769,954	–	31,310	–	0.74%	–
JPM	New	JPMORGAN CHASE & CO	$1,724,482	–	11,857	–	0.72%	–
WY	New	WEYERHAEUSER CO	$1,718,158	–	51,273	–	0.72%	–
GT	New	GOODYEAR TIRE RUBBER	$1,666,224	–	121,800	–	0.70%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$1,516,986	–	42,732	–	0.64%	–
CLX	New	CLOROX CO DEL COM	$1,334,532	–	8,391	–	0.56%	–
NVDA	New	NVIDIA	$1,300,787	–	3,075	–	0.54%	–
DIS	New	DISNEY (WALT) CO COM STK	$1,269,651	–	14,221	–	0.53%	–
WMT	New	WALMART INC	$1,232,970	–	7,844	–	0.52%	–
C	New	CITIGROUP INC	$1,229,498	–	26,705	–	0.52%	–
	New	GENERAL ELEC CO REG SHS	$1,167,156	–	10,625	–	0.49%	–
VIAC	New	PARAMOUNT GLOBAL	$1,155,066	–	72,600	–	0.48%	–
SCHW	New	CHARLES SCHWAB CORP	$1,139,268	–	20,100	–	0.48%	–
COST	New	COSTCO WHOLESALE CO	$1,130,598	–	2,100	–	0.47%	–
WHR	New	WHIRLPOOL CORP	$1,098,368	–	7,382	–	0.46%	–
GIS	New	GENERAL MILLS	$1,038,518	–	13,540	–	0.44%	–
ITW	New	ILLINOIS TOOL WORKS	$977,482	–	3,907	–	0.41%	–
LNC	New	LINCOLN NTNL CO	$968,576	–	37,600	–	0.40%	–
VZ	New	VERIZON COMMUNICATN	$922,200	–	24,797	–	0.39%	–
DOW	New	DOW INC REG SHS	$864,676	–	16,235	–	0.36%	–
DAL	New	DELTA AIR LINES INC DEL	$860,474	–	18,100	–	0.36%	–
LOW	New	LOWES COMPANIES INC	$832,896	–	3,690	–	0.35%	–
CSCO	New	CISCO SYSTEMS INC COM	$810,248	–	15,660	–	0.34%	–
HD	New	HOME DEPOT INC	$803,004	–	2,585	–	0.34%	–
CTVA	New	CORTEVA INC REG SHS	$781,056	–	13,631	–	0.33%	–
JCI	New	JOHNSON CTLS Intl	$779,726	–	11,443	–	0.33%	–
BP	New	BP PLC SPON ADR	$732,973	–	20,770	–	0.31%	–
MSFT	New	MICROSOFT CORP	$727,472	–	2,136	–	0.30%	–
CAH	New	CARDINAL HEALTH INC	$728,189	–	7,700	–	0.30%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$728,960	–	16,000	–	0.30%	–
	New	SHELL PLC F SPONSORED ADR 1 AD	$708,257	–	11,730	–	0.30%	–
ROK	New	ROCKWELL AUTOMATION	$691,845	–	2,100	–	0.29%	–
VTRS	New	VIATRIS INC	$678,735	–	68,010	–	0.28%	–
CCL	New	CARNIVAL CORP F	$642,103	–	34,100	–	0.27%	–
ED	New	CONSOLIDATED EDISON INC	$635,964	–	7,035	–	0.27%	–
A	New	AGILENT TECHNOLOGIES INC	$633,718	–	5,270	–	0.26%	–
KMI	New	KINDER MORGAN INC. DEL	$630,218	–	36,598	–	0.26%	–
CLF	New	CLEVELAND-CLIFFS INC	$618,025	–	36,875	–	0.26%	–
PSX	New	PHILLIPS 66 SHS	$603,755	–	6,330	–	0.25%	–
PEP	New	PEPSICO INC	$588,140	–	3,175	–	0.25%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$495,329	–	2,645	–	0.21%	–
T	New	AT&T INC	$492,217	–	30,860	–	0.21%	–
GL	New	GLOBE LIFE INC	$482,328	–	4,400	–	0.20%	–
HRL	New	HORMEL FOODS CORP	$474,596	–	11,800	–	0.20%	–
COP	New	CONOCOPHILLIPS	$458,163	–	4,422	–	0.19%	–
CL	New	COLGATE-PALMOLIVE CO	$456,462	–	5,925	–	0.19%	–
PNW	New	PINNACLE WEST CAP	$445,994	–	5,475	–	0.19%	–
OGN	New	ORGANON AND CO REG SHS	$435,782	–	20,941	–	0.18%	–
AEP	New	AMER ELECTRIC PWR CO	$429,420	–	5,100	–	0.18%	–
BKR	New	BAKER HUGHES COMPANY	$426,735	–	13,500	–	0.18%	–
MSI	New	MOTOROLA SOLUTIONS INC	$409,712	–	1,397	–	0.17%	–
PYPL	New	PAYPAL HOLDINGS INCORPOR	$392,506	–	5,882	–	0.16%	–
MO	New	ALTRIA GROUP INC	$378,844	–	8,363	–	0.16%	–
ENB	New	ENBRIDGE INC	$378,596	–	10,191	–	0.16%	–
PCAR	New	PACCAR INC	$348,151	–	4,162	–	0.15%	–
VMC	New	VULCAN MATERIALS CO	$343,571	–	1,524	–	0.14%	–
LHX	New	L3HARRIS TECHNOLOGIES IN	$292,368	–	1,493	–	0.12%	–
EBAY	New	EBAY INC	$290,485	–	6,500	–	0.12%	–
KMB	New	KIMBERLY CLARK CORP	$289,926	–	2,100	–	0.12%	–
	New	GE HEALTHCARE TECHNO	$266,711	–	3,283	–	0.11%	–
ITA	New	ISHARES US AEROSPACE DEFENSE E	$268,341	–	2,300	–	0.11%	–
TFC	New	TRUIST FINL CORP	$249,143	–	8,209	–	0.10%	–
EMN	New	EASTMAN CHEMICAL CO	$246,974	–	2,950	–	0.10%	–
SYK	New	STRYKER CORP	$236,445	–	775	–	0.10%	–
GLW	New	CORNING INC	$210,240	–	6,000	–	0.09%	–
F	New	FORD MOTOR CO	$177,021	–	11,700	–	0.07%	–

Q4 2022

			Value		Shares		↓ Weighting
CCL	Exit	CARNIVAL CORP F	$0	–	-17,600	–	-0.06%	–
CLF	Exit	CLEVELAND-CLIFFS INC	$0	–	-14,000	–	-0.08%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.09%	–
PCAR	Exit	PACCAR INC	$0	–	-2,775	–	-0.10%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,100	–	-0.10%	–
EBAY	Exit	EBAY INC COM	$0	–	-6,500	–	-0.11%	–
D	Exit	DOMINION ENERGY INC	$0	–	-3,545	–	-0.11%	–
BKR	Exit	BAKER HUGHES COMPANY	$0	–	-13,500	–	-0.12%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.13%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-625	–	-0.13%	–
IWM	Exit	ISHARES RUSSELL 2000 ETF	$0	–	-1,820	–	-0.13%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-1,397	–	-0.14%	–
LHX	Exit	L3HARRIS TECHNOLOGIES IN	$0	–	-1,593	–	-0.15%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-8,544	–	-0.16%	–
PNW	Exit	PINNACLE WEST CAP	$0	–	-6,075	–	-0.17%	–
ENB	Exit	ENBRIDGE INC COM	$0	–	-11,317	–	-0.19%	–
GL	Exit	GLOBE LIFE INC	$0	–	-4,400	–	-0.20%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-2,100	–	-0.20%	–
NVDA	Exit	NVIDIA	$0	–	-3,900	–	-0.21%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,858	–	-0.22%	–
OGN	Exit	ORGANON AND CO REG SHS	$0	–	-22,003	–	-0.23%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-5,970	–	-0.23%	–
PEP	Exit	PEPSICO INC	$0	–	-3,175	–	-0.23%	–
CAH	Exit	CARDINAL HEALTH INC OHIO	$0	–	-8,050	–	-0.24%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-6,382	–	-0.24%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-12,400	–	-0.25%	–
PSX	Exit	PHILLIPS 66 SHS	$0	–	-7,310	–	-0.26%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-12,027	–	-0.26%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,035	–	-0.27%	–
	Exit	SHELL PLC	$0	–	-12,608	–	-0.28%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-5,270	–	-0.28%	–
T	Exit	AT&T INC	$0	–	-43,195	–	-0.29%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-10,050	–	-0.31%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,907	–	-0.31%	–
	Exit	GENERAL ELEC CO REG SHS	$0	–	-11,449	–	-0.31%	–
VTRS	Exit	VIATRIS INC	$0	–	-83,527	–	-0.32%	–
BP	Exit	BP PLC SPON ADR	$0	–	-25,030	–	-0.32%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,111	–	-0.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,625	–	-0.32%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,940	–	-0.33%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-18,870	–	-0.34%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-19,013	–	-0.34%	–
DOW	Exit	DOW INC REG SHS	$0	–	-17,816	–	-0.35%	–
CTVA	Exit	CORTEVA INC REG SHS	$0	–	-13,875	–	-0.35%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-16,215	–	-0.39%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-55,148	–	-0.41%	–
BA	Exit	BOEING COMPANY	$0	–	-7,677	–	-0.41%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,100	–	-0.44%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-7,813	–	-0.47%	–
CLX	Exit	CLOROX CO DEL COM	$0	–	-8,541	–	-0.49%	–
WMT	Exit	WALMART INC	$0	–	-8,989	–	-0.52%	–
GIS	Exit	GENERAL MILLS	$0	–	-15,610	–	-0.53%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-32,661	–	-0.55%	–
GT	Exit	GOODYEAR TIRE RUBBER	$0	–	-126,400	–	-0.56%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-31,655	–	-0.58%	–
VIAC	Exit	PARAMOUNT GLOBAL	$0	–	-77,975	–	-0.66%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-41,665	–	-0.66%	–
LNC	Exit	LINCOLN NTNL CO	$0	–	-34,600	–	-0.67%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-21,920	–	-0.70%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-15,197	–	-0.70%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-17,502	–	-0.73%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-58,790	–	-0.87%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-12,770	–	-0.88%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-83,432	–	-0.91%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-42,016	–	-0.94%	–
FDX	Exit	FEDEX CORP COM	$0	–	-15,400	–	-1.01%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-82,098	–	-1.04%	–
MET	Exit	METLIFE INC COM	$0	–	-39,263	–	-1.06%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-25,680	–	-1.10%	–
GWW	Exit	W W GRAINGER INCORP	$0	–	-5,091	–	-1.10%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-82,902	–	-1.11%	–
IVV	Exit	ISHARES CORE S&P 500 ETF	$0	–	-7,620	–	-1.21%	–
AAPL	Exit	APPLE INC	$0	–	-20,167	–	-1.24%	–
TIP	Exit	ISHARES TIPS BOND E	$0	–	-29,925	–	-1.39%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-44,413	–	-1.40%	–
INTC	Exit	INTEL CORP COM	$0	–	-137,406	–	-1.57%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-26,315	–	-1.57%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-39,282	–	-1.62%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-34,432	–	-1.81%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-30,980	–	-1.84%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP COM	$0	–	-52,072	–	-1.89%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-63,250	–	-1.91%	–
CMI	Exit	CUMMINS INC COM	$0	–	-22,235	–	-2.01%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-53,474	–	-2.04%	–
MMM	Exit	3M CO COM	$0	–	-43,015	–	-2.11%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-59,649	–	-2.31%	–
KO	Exit	COCA COLA CO COM	$0	–	-94,263	–	-2.34%	–
LLY	Exit	ELI LILLY & CO	$0	–	-16,775	–	-2.40%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-78,771	–	-2.56%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-16,529	–	-2.83%	–
PFE	Exit	PFIZER INC COM	$0	–	-146,208	–	-2.84%	–
HSY	Exit	HERSHEY CO	$0	–	-33,219	–	-3.25%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-58,571	–	-3.28%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-46,298	–	-3.35%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-62,305	–	-3.44%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-58,838	–	-3.75%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-37,398	–	-3.82%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-56,845	–	-4.13%	–
DE	Exit	DEERE & CO COM	$0	–	-46,113	–	-6.82%	–

Q3 2022

			Value		Shares		↓ Weighting
DE	Sell	DEERE & CO COM	$15,397,000	+7.8%	46,113	-3.3%	6.82%	+19.8%
CAT	Sell	CATERPILLAR INC COM	$9,327,000	-10.2%	56,845	-2.2%	4.13%	-0.2%
MCD	Sell	MCDONALDS CORP COM	$8,629,000	-9.9%	37,398	-3.6%	3.82%	+0.1%
CVX	Sell	CHEVRON CORPORATION	$8,453,000	-1.6%	58,838	-0.9%	3.75%	+9.3%
ALL	Sell	ALLSTATE CORP COM	$7,759,000	-6.5%	62,305	-4.8%	3.44%	+3.9%
JNJ	Sell	JOHNSON & JOHNSON COM	$7,563,000	-13.6%	46,298	-6.1%	3.35%	-4.0%
PG	Sell	PROCTER & GAMBLE CO COM	$7,395,000	-16.5%	58,571	-4.9%	3.28%	-7.2%
HSY	Sell	HERSHEY CO	$7,324,000	-0.2%	33,219	-2.7%	3.25%	+10.8%
PFE	Sell	PFIZER INC COM	$6,398,000	-20.2%	146,208	-4.4%	2.84%	-11.3%
LMT	Sell	LOCKHEED MARTIN CORP COM	$6,385,000	-13.7%	16,529	-3.9%	2.83%	-4.1%
EMR	Buy	EMERSON ELEC CO COM	$5,768,000	-6.7%	78,771	+1.4%	2.56%	+3.7%
LLY	Sell	ELI LILLY & CO	$5,424,000	-17.2%	16,775	-17.0%	2.40%	-8.0%
KO	Sell	COCA COLA CO COM	$5,281,000	-15.9%	94,263	-5.5%	2.34%	-6.5%
XOM	Buy	EXXON MOBIL CORP COM	$5,208,000	+3.4%	59,649	+1.5%	2.31%	+14.9%
MMM	Sell	3M CO COM	$4,753,000	-15.0%	43,015	-0.4%	2.11%	-5.5%
MRK	Sell	MERCK AND CO INC SHS	$4,605,000	-13.4%	53,474	-8.4%	2.04%	-3.8%
CMI	Sell	CUMMINS INC COM	$4,525,000	+1.0%	22,235	-4.0%	2.01%	+12.2%
SO	Sell	SOUTHERN COMPANY	$4,301,000	-5.4%	63,250	-0.8%	1.91%	+5.1%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP COM	$4,263,000	-18.9%	52,072	-4.8%	1.89%	-9.9%
ABBV	Buy	ABBVIE INC COM	$4,158,000	-10.9%	30,980	+1.6%	1.84%	-1.0%
IBM	Buy	INTERNATIONAL BUSINESS MACHS C	$4,091,000	-13.1%	34,432	+3.3%	1.81%	-3.5%
AXP	Sell	AMER EXPRESS COMPANY	$3,550,000	-7.5%	26,315	-5.0%	1.57%	+2.7%
INTC	Sell	INTEL CORP COM	$3,541,000	-31.5%	137,406	-0.6%	1.57%	-23.9%
TIP	Sell	ISHARES TIPS BOND E	$3,139,000	-50.6%	29,925	-46.4%	1.39%	-45.1%
BAC	Buy	BANK OF AMERICA CORP	$2,504,000	+0.6%	82,902	+3.7%	1.11%	+11.8%
GWW	Sell	W W GRAINGER INCORP	$2,491,000	+6.2%	5,091	-1.3%	1.10%	+18.1%
MET	Buy	METLIFE INC COM	$2,386,000	-0.0%	39,263	+3.3%	1.06%	+11.1%
WY	Sell	WEYERHAEUSER CO COM	$2,345,000	-14.4%	82,098	-0.7%	1.04%	-4.9%
FDX	Buy	FEDEX CORP COM	$2,286,000	-33.2%	15,400	+2.1%	1.01%	-25.8%
DD	Buy	DUPONT DE NEMOURS INC	$2,118,000	-7.3%	42,016	+2.3%	0.94%	+3.1%
TXN	Buy	TEXAS INSTRUMENTS	$1,977,000	+3.6%	12,770	+2.8%	0.88%	+15.1%
KHC	Buy	KRAFT (THE) HEINZ CO SHS	$1,961,000	-11.2%	58,790	+1.6%	0.87%	-1.4%
DIS	Buy	DISNEY (WALT) CO COM STK	$1,651,000	+1.5%	17,502	+1.6%	0.73%	+12.8%
JPM	Buy	JPMORGAN CHASE & CO	$1,588,000	-6.3%	15,197	+1.0%	0.70%	+4.1%
SLB	Sell	SCHLUMBERGER LTD COM	$1,496,000	-3.1%	41,665	-3.5%	0.66%	+7.6%
VIAC	Sell	PARAMOUNT GLOBAL	$1,485,000	-23.8%	77,975	-1.3%	0.66%	-15.3%
C	Buy	CITIGROUP INC COM NEW	$1,319,000	-7.2%	31,655	+2.3%	0.58%	+3.2%
GT	Sell	GOODYEAR TIRE RUBBER	$1,275,000	-8.0%	126,400	-2.3%	0.56%	+2.2%
VZ	Buy	VERIZON COMMUNICATNS COM	$1,240,000	-24.2%	32,661	+1.3%	0.55%	-15.8%
WMT	Buy	WALMART INC	$1,166,000	+8.9%	8,989	+2.1%	0.52%	+21.1%
CLX	Sell	CLOROX CO DEL COM	$1,097,000	-32.8%	8,541	-26.2%	0.49%	-25.3%
BA	Buy	BOEING COMPANY	$930,000	+44.0%	7,677	+62.4%	0.41%	+59.7%
KMI	Buy	KINDER MORGAN INC. DEL	$918,000	-0.1%	55,148	+0.6%	0.41%	+10.9%
MO	Sell	ALTRIA GROUP INC	$768,000	-5.1%	19,013	-1.8%	0.34%	+5.3%
CSCO	Buy	CISCO SYSTEMS INC COM	$755,000	-5.6%	18,870	+0.5%	0.34%	+5.0%
LOW	Buy	LOWE'S COMPANIES INC	$740,000	+16.0%	3,940	+7.9%	0.33%	+29.1%
MSFT	Buy	MICROSOFT CORP	$725,000	+12.6%	3,111	+24.0%	0.32%	+24.9%
VTRS	Buy	VIATRIS INC	$711,000	-7.3%	83,527	+14.1%	0.32%	+2.9%
	Sell	GENERAL ELEC CO REG SHS	$709,000	-19.4%	11,449	-17.2%	0.31%	-10.5%
ITW	Buy	ILLINOIS TOOL WORKS INC	$706,000	+4.7%	3,907	+5.6%	0.31%	+16.4%
CL	Sell	COLGATE PALMOLIVE	$706,000	-30.8%	10,050	-21.0%	0.31%	-23.1%
T	Sell	AT&T INC	$663,000	-29.5%	43,195	-3.7%	0.29%	-21.6%
	Buy	SHELL PLC	$627,000	-4.9%	12,608	+0.1%	0.28%	+5.7%
PSX	Buy	PHILLIPS 66 SHS	$590,000	+0.7%	7,310	+2.3%	0.26%	+11.5%
PEP	Buy	PEPSICO INC	$518,000	+3.6%	3,175	+5.7%	0.23%	+15.6%
OGN	Sell	ORGANON AND CO REG SHS	$515,000	-33.1%	22,003	-3.6%	0.23%	-25.7%
NVDA	Buy	NVIDIA	$473,000	-3.1%	3,900	+21.3%	0.21%	+7.7%
GL	Sell	GLOBE LIFE INC	$439,000	-2.0%	4,400	-4.3%	0.20%	+8.9%
TFC	Buy	TRUIST FINL CORP	$372,000	-4.4%	8,544	+4.1%	0.16%	+6.5%
LHX	Buy	L3HARRIS TECHNOLOGIES IN	$331,000	+5.4%	1,593	+22.5%	0.15%	+17.6%
NOC	Sell	NORTHROP GRUMMAN CORP	$294,000	-48.8%	625	-47.9%	0.13%	-43.2%
EBAY	Sell	EBAY INC COM	$239,000	-18.2%	6,500	-7.1%	0.11%	-8.6%
CLF	New	CLEVELAND-CLIFFS INC	$189,000	–	14,000	–	0.08%	–
CCL	New	CARNIVAL CORP F	$124,000	–	17,600	–	0.06%	–
MAA	Exit	MID AMERICA APT CMNTYS REIT	$0	–	-1,246	–	-0.09%	–
CINF	Exit	CINCINNATI FINL	$0	–	-2,530	–	-0.12%	–

Q2 2022

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$14,281,000	–	47,688	–	5.70%	–
CAT	New	CATERPILLAR INC COM	$10,385,000	–	58,095	–	4.14%	–
MCD	New	MCDONALDS CORP COM	$9,579,000	–	38,800	–	3.82%	–
PG	New	PROCTER & GAMBLE CO COM	$8,856,000	–	61,591	–	3.53%	–
JNJ	New	JOHNSON & JOHNSON COM	$8,756,000	–	49,327	–	3.49%	–
CVX	New	CHEVRON CORPORATION	$8,592,000	–	59,348	–	3.43%	–
ALL	New	ALLSTATE CORP COM	$8,295,000	–	65,455	–	3.31%	–
PFE	New	PFIZER INC COM	$8,019,000	–	152,946	–	3.20%	–
LMT	New	LOCKHEED MARTIN CORP COM	$7,397,000	–	17,204	–	2.95%	–
HSY	New	HERSHEY CO	$7,342,000	–	34,125	–	2.93%	–
LLY	New	ELI LILLY & CO	$6,549,000	–	20,200	–	2.61%	–
TIP	New	ISHARES TIPS BOND E	$6,359,000	–	55,825	–	2.54%	–
KO	New	COCA COLA CO COM	$6,278,000	–	99,788	–	2.50%	–
EMR	New	EMERSON ELEC CO COM	$6,181,000	–	77,710	–	2.46%	–
MMM	New	3M CO COM	$5,590,000	–	43,198	–	2.23%	–
MRK	New	MERCK AND CO INC SHS	$5,320,000	–	58,349	–	2.12%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP COM	$5,254,000	–	54,669	–	2.10%	–
INTC	New	INTEL CORP COM	$5,170,000	–	138,196	–	2.06%	–
XOM	New	EXXON MOBIL CORP COM	$5,035,000	–	58,790	–	2.01%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,708,000	–	33,343	–	1.88%	–
ABBV	New	ABBVIE INC COM	$4,668,000	–	30,480	–	1.86%	–
SO	New	SOUTHERN COMPANY	$4,546,000	–	63,750	–	1.81%	–
CMI	New	CUMMINS INC COM	$4,482,000	–	23,160	–	1.79%	–
DUK	New	DUKE ENERGY CORP	$4,211,000	–	39,282	–	1.68%	–
AXP	New	AMER EXPRESS COMPANY	$3,838,000	–	27,690	–	1.53%	–
FDX	New	FEDEX CORP COM	$3,421,000	–	15,090	–	1.36%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$3,420,000	–	44,413	–	1.36%	–
IVV	New	ISHARES CORE S&P 500 ETF	$2,889,000	–	7,620	–	1.15%	–
ABT	New	ABBOTT LABORATORIES COM	$2,790,000	–	25,680	–	1.11%	–
AAPL	New	APPLE INC	$2,757,000	–	20,167	–	1.10%	–
WY	New	WEYERHAEUSER CO COM	$2,738,000	–	82,678	–	1.09%	–
HAL	New	HALLIBURTON CO COM	$2,616,000	–	83,432	–	1.04%	–
BAC	New	BANK OF AMERICA CORP	$2,489,000	–	79,952	–	0.99%	–
MET	New	METLIFE INC COM	$2,387,000	–	38,013	–	0.95%	–
GWW	New	W W GRAINGER INCORP	$2,345,000	–	5,160	–	0.94%	–
DD	New	DUPONT DE NEMOURS INC	$2,284,000	–	41,086	–	0.91%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$2,208,000	–	57,880	–	0.88%	–
VIAC	New	PARAMOUNT GLOBAL	$1,949,000	–	78,975	–	0.78%	–
TXN	New	TEXAS INSTRUMENTS	$1,908,000	–	12,420	–	0.76%	–
JPM	New	JPMORGAN CHASE & CO	$1,695,000	–	15,050	–	0.68%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,636,000	–	32,227	–	0.65%	–
CLX	New	CLOROX CO DEL COM	$1,632,000	–	11,575	–	0.65%	–
DIS	New	DISNEY (WALT) CO COM STK	$1,626,000	–	17,227	–	0.65%	–
LNC	New	LINCOLN NTNL CO	$1,618,000	–	34,600	–	0.64%	–
SLB	New	SCHLUMBERGER LTD COM	$1,544,000	–	43,165	–	0.62%	–
C	New	CITIGROUP INC COM NEW	$1,422,000	–	30,929	–	0.57%	–
GT	New	GOODYEAR TIRE RUBBER	$1,386,000	–	129,400	–	0.55%	–
SCHW	New	SCHWAB CHARLES CORPORATION	$1,385,000	–	21,920	–	0.55%	–
WHR	New	WHIRLPOOL CORP	$1,210,000	–	7,813	–	0.48%	–
GIS	New	GENERAL MILLS	$1,178,000	–	15,610	–	0.47%	–
WMT	New	WALMART INC	$1,071,000	–	8,805	–	0.43%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$1,041,000	–	16,215	–	0.42%	–
CL	New	COLGATE PALMOLIVE	$1,020,000	–	12,725	–	0.41%	–
COST	New	COSTCO WHOLESALE CRP DEL	$1,006,000	–	2,100	–	0.40%	–
T	New	AT&T INC	$940,000	–	44,845	–	0.38%	–
DOW	New	DOW INC REG SHS	$919,000	–	17,816	–	0.37%	–
KMI	New	KINDER MORGAN INC. DEL	$919,000	–	54,823	–	0.37%	–
	New	GENERAL ELEC CO REG SHS	$880,000	–	13,824	–	0.35%	–
MO	New	ALTRIA GROUP INC COM	$809,000	–	19,363	–	0.32%	–
CSCO	New	CISCO SYSTEMS INC COM	$800,000	–	18,770	–	0.32%	–
OGN	New	ORGANON AND CO REG SHS	$770,000	–	22,815	–	0.31%	–
VTRS	New	VIATRIS INC	$767,000	–	73,220	–	0.31%	–
CTVA	New	CORTEVA INC REG SHS	$751,000	–	13,875	–	0.30%	–
HD	New	HOME DEPOT INC	$720,000	–	2,625	–	0.29%	–
BP	New	BP PLC SPON ADR	$710,000	–	25,030	–	0.28%	–
ITW	New	ILLINOIS TOOL WORKS INC	$674,000	–	3,700	–	0.27%	–
ED	New	CONSOLIDATED EDISON INC	$669,000	–	7,035	–	0.27%	–
	New	SHELL PLC	$659,000	–	12,600	–	0.26%	–
BA	New	BOEING COMPANY	$646,000	–	4,727	–	0.26%	–
MSFT	New	MICROSOFT CORP	$644,000	–	2,509	–	0.26%	–
LOW	New	LOWES COS INC COM	$638,000	–	3,650	–	0.25%	–
A	New	AGILENT TECHNOLOGIES INC	$626,000	–	5,270	–	0.25%	–
PSX	New	PHILLIPS 66 SHS	$586,000	–	7,145	–	0.23%	–
HRL	New	HORMEL FOODS CORP	$587,000	–	12,400	–	0.23%	–
JCI	New	JOHNSON CTLS Intl	$576,000	–	12,027	–	0.23%	–
NOC	New	NORTHROP GRUMMAN CORP	$574,000	–	1,200	–	0.23%	–
AEP	New	AMN ELEC POWER CO	$573,000	–	5,970	–	0.23%	–
PEP	New	PEPSICO INC	$500,000	–	3,003	–	0.20%	–
NVDA	New	NVIDIA CORP COM	$488,000	–	3,216	–	0.20%	–
ENB	New	ENBRIDGE INC COM	$478,000	–	11,317	–	0.19%	–
GL	New	GLOBE LIFE INC	$448,000	–	4,600	–	0.18%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$446,000	–	6,382	–	0.18%	–
PNW	New	PINNACLE WEST CAP	$444,000	–	6,075	–	0.18%	–
COP	New	CONOCOPHILLIPS	$436,000	–	4,858	–	0.17%	–
CAH	New	CARDINAL HEALTH INC OHIO	$421,000	–	8,050	–	0.17%	–
ROK	New	ROCKWELL AUTOMATION INC	$419,000	–	2,100	–	0.17%	–
BKR	New	BAKER HUGHES COMPANY	$390,000	–	13,500	–	0.16%	–
TFC	New	TRUIST FINL CORP	$389,000	–	8,209	–	0.16%	–
LHX	New	L3HARRIS TECHNOLOGIES IN	$314,000	–	1,300	–	0.12%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$308,000	–	1,820	–	0.12%	–
CINF	New	CINCINNATI FINL	$301,000	–	2,530	–	0.12%	–
MSI	New	MOTOROLA SOLUTIONS INC	$293,000	–	1,397	–	0.12%	–
EBAY	New	EBAY INC COM	$292,000	–	7,000	–	0.12%	–
D	New	DOMINION ENERGY INC	$283,000	–	3,545	–	0.11%	–
KMB	New	KIMBERLY CLARK CORP	$284,000	–	2,100	–	0.11%	–
EMN	New	EASTMAN CHEMICAL CO	$265,000	–	2,950	–	0.11%	–
VMC	New	VULCAN MATERIALS CO	$259,000	–	1,824	–	0.10%	–
PCAR	New	PACCAR INC	$228,000	–	2,775	–	0.09%	–
MAA	New	MID AMERICA APT CMNTYS REIT	$218,000	–	1,246	–	0.09%	–

Q4 2021

			Value		Shares		↓ Weighting
FLEX	Exit	FLEX LTD	$0	–	-10,000	–	-0.07%	–
SYK	Exit	STRYKER CORP	$0	–	-775	–	-0.08%	–
V	Exit	VISA INC CL A SHRS	$0	–	-925	–	-0.08%	–
PCAR	Exit	PACCAR INC	$0	–	-2,775	–	-0.08%	–
MAA	Exit	MID AMERICA APT CMNTYS REIT	$0	–	-1,272	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,625	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-7,000	–	-0.10%	–
D	Exit	DOMINION ENERGY INC	$0	–	-3,545	–	-0.10%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-1,769	–	-0.11%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,100	–	-0.11%	–
LHX	Exit	L3HARRIS TECHNOLOGIES IN	$0	–	-1,300	–	-0.11%	–
CINF	Exit	CINCINNATI FINL	$0	–	-2,530	–	-0.11%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-780	–	-0.11%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.11%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.12%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-1,397	–	-0.12%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-4,858	–	-0.13%	–
BKR	Exit	BAKER HUGHES COMPANY	$0	–	-13,500	–	-0.13%	–
PSX	Exit	PHILLIPS 66 SHS	$0	–	-5,281	–	-0.14%	–
GL	Exit	GLOBE LIFE INC	$0	–	-4,600	–	-0.16%	–
OGN	Exit	ORGANON AND CO REG SHS	$0	–	-13,223	–	-0.17%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-1,200	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-3,003	–	-0.17%	–
ENB	Exit	ENBRIDGE INC COM	$0	–	-11,525	–	-0.18%	–
IWM	Exit	ISHARES RUSSELL 2000 ETF	$0	–	-2,110	–	-0.18%	–
TFC	Exit	TRUIST FINL CORP	$0	–	-8,209	–	-0.18%	–
EBAY	Exit	EBAY INC	$0	–	-7,000	–	-0.19%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-6,170	–	-0.19%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-12,400	–	-0.20%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,035	–	-0.20%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR	$0	–	-11,850	–	-0.20%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-2,100	–	-0.24%	–
TIP	Exit	ISHARES TIPS BOND ETF	$0	–	-4,875	–	-0.24%	–
VTRS	Exit	VIATRIS INC COM	$0	–	-47,841	–	-0.25%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-2,355	–	-0.25%	–
NVDA	Exit	NVIDIA	$0	–	-3,416	–	-0.27%	–
CTVA	Exit	CORTEVA INC REG SHS	$0	–	-17,532	–	-0.28%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-15,100	–	-0.29%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,700	–	-0.29%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-10,575	–	-0.29%	–
BP	Exit	BP PLC SPON ADR	$0	–	-30,886	–	-0.32%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-4,150	–	-0.32%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-12,528	–	-0.33%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,625	–	-0.33%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-52,158	–	-0.34%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-5,560	–	-0.34%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-17,060	–	-0.36%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,100	–	-0.36%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-21,513	–	-0.38%	–
CL	Exit	COLGATE-PALMOLIVE CO	$0	–	-12,975	–	-0.38%	–
GIS	Exit	GENERAL MILLS	$0	–	-18,110	–	-0.42%	–
DOW	Exit	DOW INC REG SHS	$0	–	-18,816	–	-0.42%	–
WMT	Exit	WALMART INC	$0	–	-8,405	–	-0.45%	–
T	Exit	AT&T INC	$0	–	-45,920	–	-0.48%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-43,915	–	-0.50%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-24,424	–	-0.50%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-17,462	–	-0.54%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-7,963	–	-0.62%	–
BA	Exit	BOEING COMPANY	$0	–	-7,827	–	-0.66%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-24,265	–	-0.68%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-83,432	–	-0.69%	–
PYPL	Exit	PAYPAL HOLDINGS INCORPOR	$0	–	-7,032	–	-0.70%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-54,465	–	-0.77%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-29,802	–	-0.80%	–
	Exit	GENERAL ELEC CO REG SHS	$0	–	-21,542	–	-0.85%	–
CLX	Exit	CLOROX CO DEL COM	$0	–	-13,400	–	-0.85%	–
GWW	Exit	W W GRAINGER INCORP	$0	–	-5,855	–	-0.88%	–
LNC	Exit	LINCOLN NTNL CO	$0	–	-34,600	–	-0.91%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-15,845	–	-0.99%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-45,405	–	-1.03%	–
GT	Exit	GOODYEAR TIRE RUBBER	$0	–	-156,075	–	-1.06%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-14,400	–	-1.06%	–
MET	Exit	METLIFE INC COM	$0	–	-47,321	–	-1.12%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-17,548	–	-1.14%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-44,445	–	-1.16%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-84,993	–	-1.16%	–
AAPL	Exit	APPLE INC	$0	–	-21,822	–	-1.18%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-26,380	–	-1.19%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-31,230	–	-1.29%	–
VIAC	Exit	VIACOMCBS INC CL B	$0	–	-85,925	–	-1.30%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-82,802	–	-1.35%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-62,285	–	-1.40%	–
FDX	Exit	FEDEX CORP COM	$0	–	-16,800	–	-1.41%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-40,439	–	-1.51%	–
IVV	Exit	ISHARES CORE S&P 500 ETF	$0	–	-9,665	–	-1.60%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-67,700	–	-1.61%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-60,669	–	-1.75%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-33,738	–	-1.80%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-54,665	–	-1.80%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-28,395	–	-1.82%	–
LLY	Exit	ELI LILLY & CO	$0	–	-21,850	–	-1.93%	–
CMI	Exit	CUMMINS INC COM	$0	–	-23,360	–	-2.01%	–
KO	Exit	COCA COLA CO COM	$0	–	-101,088	–	-2.03%	–
HSY	Exit	HERSHEY CO	$0	–	-34,440	–	-2.23%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-17,479	–	-2.31%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-62,303	–	-2.42%	–
PFE	Exit	PFIZER INC COM	$0	–	-157,466	–	-2.60%	–
MMM	Exit	3M CO COM	$0	–	-41,242	–	-2.77%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-80,350	–	-2.90%	–
INTC	Exit	INTEL CORP COM	$0	–	-142,201	–	-2.90%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-51,013	–	-3.16%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-67,895	–	-3.31%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-62,841	–	-3.37%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-39,530	–	-3.65%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-59,120	–	-4.35%	–
DE	Exit	DEERE & CO COM	$0	–	-51,400	–	-6.60%	–

Q3 2021

			Value		Shares		↓ Weighting
DE	Sell	DEERE & CO COM	$17,223,000	-5.4%	51,400	-0.4%	6.60%	-1.1%
CAT	Sell	CATERPILLAR INC COM	$11,349,000	-11.8%	59,120	-0.0%	4.35%	-7.8%
MCD	Sell	MCDONALDS CORP COM	$9,531,000	+4.1%	39,530	-0.3%	3.65%	+8.8%
PG	Sell	PROCTER & GAMBLE CO COM	$8,785,000	+1.9%	62,841	-1.6%	3.37%	+6.6%
ALL	Sell	ALLSTATE CORP COM	$8,644,000	-3.2%	67,895	-0.9%	3.31%	+1.1%
JNJ	Sell	JOHNSON & JOHNSON COM	$8,239,000	-2.7%	51,013	-0.8%	3.16%	+1.7%
INTC	Sell	INTEL CORP COM	$7,576,000	-5.9%	142,201	-0.8%	2.90%	-1.6%
EMR	Sell	EMERSON ELEC CO COM	$7,569,000	-4.0%	80,350	-1.9%	2.90%	+0.3%
MMM	Sell	3M CO COM	$7,235,000	-12.5%	41,242	-0.9%	2.77%	-8.6%
PFE	Sell	PFIZER INC COM	$6,773,000	+8.3%	157,466	-1.4%	2.60%	+13.2%
CVX	Sell	CHEVRON CORPORATION	$6,321,000	-3.8%	62,303	-0.7%	2.42%	+0.5%
HSY	Sell	HERSHEY CO	$5,829,000	-5.5%	34,440	-2.8%	2.23%	-1.2%
KO	Sell	COCA COLA CO COM	$5,304,000	-7.3%	101,088	-4.4%	2.03%	-3.1%
AXP	Sell	AMER EXPRESS COMPANY	$4,757,000	+0.3%	28,395	-1.0%	1.82%	+4.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS C	$4,687,000	-6.2%	33,738	-1.0%	1.80%	-2.0%
MRK	Sell	MERCK AND CO INC SHS	$4,557,000	-4.5%	60,669	-1.1%	1.75%	-0.2%
SO	Sell	SOUTHERN COMPANY	$4,195,000	-0.3%	67,700	-2.6%	1.61%	+4.2%
IVV	Sell	ISHARES CORE S&P 500 ETF	$4,164,000	-0.0%	9,665	-0.3%	1.60%	+4.5%
DUK	Sell	DUKE ENERGY CORP	$3,946,000	-2.8%	40,439	-1.6%	1.51%	+1.6%
FDX	Sell	FEDEX CORP COM	$3,684,000	-27.4%	16,800	-1.2%	1.41%	-24.1%
XOM	Sell	EXXON MOBIL CORP COM	$3,664,000	-7.3%	62,285	-0.6%	1.40%	-3.1%
ABBV	Sell	ABBVIE INC COM	$3,369,000	-6.6%	31,230	-2.5%	1.29%	-2.4%
AAPL	Sell	APPLE INC	$3,088,000	+2.9%	21,822	-0.5%	1.18%	+7.4%
WY	Sell	WEYERHAEUSER CO COM	$3,023,000	+1.0%	84,993	-2.3%	1.16%	+5.5%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,969,000	-6.2%	17,548	-2.5%	1.14%	-1.9%
MET	Sell	METLIFE INC COM	$2,921,000	+2.0%	47,321	-1.1%	1.12%	+6.6%
TXN	Sell	TEXAS INSTRUMENTS	$2,768,000	-2.7%	14,400	-2.7%	1.06%	+1.7%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$2,687,000	-12.4%	45,405	-1.1%	1.03%	-8.4%
JPM	Sell	JPMORGAN CHASE & CO	$2,594,000	+4.7%	15,845	-0.5%	0.99%	+9.5%
GWW	Sell	W W GRAINGER INCORP	$2,301,000	-11.8%	5,855	-1.7%	0.88%	-7.7%
CLX	Sell	CLOROX CO DEL COM	$2,219,000	-10.0%	13,400	-2.2%	0.85%	-6.0%
	New	GENERAL ELEC CO REG SHS	$2,219,000	–	21,542	–	0.85%	–
C	Sell	CITIGROUP INC COM NEW	$2,092,000	-3.5%	29,802	-2.7%	0.80%	+1.0%
KHC	Sell	KRAFT (THE) HEINZ CO SHS	$2,005,000	-12.9%	54,465	-3.5%	0.77%	-9.0%
HAL	Sell	HALLIBURTON CO COM	$1,804,000	-7.4%	83,432	-1.0%	0.69%	-3.4%
BA	Buy	BOEING COMPANY	$1,721,000	-7.0%	7,827	+1.3%	0.66%	-2.9%
BAX	Buy	BAXTER INTERNATIONAL INC	$1,404,000	+1.0%	17,462	+1.2%	0.54%	+5.5%
VZ	Sell	VERIZON COMMUNICATNS COM	$1,319,000	-5.3%	24,424	-1.7%	0.50%	-1.2%
SLB	Sell	SCHLUMBERGER LTD COM	$1,302,000	-9.5%	43,915	-2.2%	0.50%	-5.3%
T	Sell	AT&T INC	$1,240,000	-9.0%	45,920	-3.0%	0.48%	-4.8%
GIS	Sell	GENERAL MILLS	$1,083,000	-7.0%	18,110	-5.2%	0.42%	-2.8%
CSCO	Sell	CISCO SYSTEMS INC COM	$929,000	-4.2%	17,060	-6.8%	0.36%	0.0%
A	Sell	AGILENT TECHNOLOGIES INC	$876,000	+4.7%	5,560	-1.8%	0.34%	+9.4%
KMI	Sell	KINDER MORGAN INC. DEL	$873,000	-10.6%	52,158	-2.6%	0.34%	-6.4%
BP	Sell	BP PLC SPON ADR	$844,000	-6.5%	30,886	-9.6%	0.32%	-2.4%
LOW	Sell	LOWE'S COMPANIES INC	$842,000	+3.3%	4,150	-1.2%	0.32%	+8.0%
NVDA	Buy	NVIDIA	$708,000	-6.5%	3,416	+261.1%	0.27%	-2.5%
VTRS	Buy	VIATRIS INC COM	$649,000	-3.3%	47,841	+2.0%	0.25%	+1.2%
TIP	Buy	ISHARES TIPS BOND ETF	$622,000	+2.8%	4,875	+3.2%	0.24%	+7.2%
RDSA	Buy	ROYAL DUTCH SHELL PLC ADR	$528,000	+11.6%	11,850	+1.3%	0.20%	+16.8%
HRL	Sell	HORMEL FOODS CORP	$508,000	-26.2%	12,400	-13.9%	0.20%	-22.6%
AEP	Sell	AMN ELEC POWER CO	$501,000	-5.5%	6,170	-1.6%	0.19%	-1.0%
OGN	Buy	ORGANON AND CO REG SHS	$434,000	+44.2%	13,223	+33.1%	0.17%	+50.9%
PSX	Buy	PHILLIPS 66 SHS	$370,000	+26.3%	5,281	+54.6%	0.14%	+32.7%
GE	Exit	GENERAL ELECTRIC	$0	–	-172,400	–	-0.85%	–

Q2 2021

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$18,202,000	–	51,605	–	6.67%	–
CAT	New	CATERPILLAR INC COM	$12,872,000	–	59,145	–	4.72%	–
MCD	New	MCDONALDS CORP COM	$9,154,000	–	39,630	–	3.36%	–
ALL	New	ALLSTATE CORP COM	$8,934,000	–	68,495	–	3.28%	–
PG	New	PROCTER & GAMBLE CO COM	$8,617,000	–	63,861	–	3.16%	–
JNJ	New	JOHNSON & JOHNSON COM	$8,470,000	–	51,413	–	3.10%	–
MMM	New	3M CO COM	$8,270,000	–	41,636	–	3.03%	–
INTC	New	INTEL CORP COM	$8,047,000	–	143,336	–	2.95%	–
EMR	New	EMERSON ELEC CO COM	$7,883,000	–	81,910	–	2.89%	–
LMT	New	LOCKHEED MARTIN CORP COM	$6,613,000	–	17,479	–	2.42%	–
CVX	New	CHEVRON CORPORATION	$6,571,000	–	62,738	–	2.41%	–
PFE	New	PFIZER INC COM	$6,252,000	–	159,643	–	2.29%	–
HSY	New	HERSHEY CO	$6,169,000	–	35,415	–	2.26%	–
KO	New	COCA COLA CO COM	$5,720,000	–	105,708	–	2.10%	–
CMI	New	CUMMINS INC COM	$5,695,000	–	23,360	–	2.09%	–
FDX	New	FEDEX CORP COM	$5,072,000	–	17,000	–	1.86%	–
LLY	New	ELI LILLY & CO	$5,015,000	–	21,850	–	1.84%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$4,997,000	–	34,088	–	1.83%	–
MRK	New	MERCK & CO INC NEW COM	$4,773,000	–	61,369	–	1.75%	–
AXP	New	AMER EXPRESS COMPANY	$4,741,000	–	28,695	–	1.74%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$4,663,000	–	54,665	–	1.71%	–
SO	New	SOUTHERN COMPANY	$4,206,000	–	69,505	–	1.54%	–
IVV	New	ISHARES CORE S&P 500 ETF IV	$4,166,000	–	9,690	–	1.53%	–
DUK	New	DUKE ENERGY CORP	$4,058,000	–	41,105	–	1.49%	–
XOM	New	EXXON MOBIL CORP COM	$3,953,000	–	62,665	–	1.45%	–
VIAC	New	VIACOMCBS INC CL B	$3,884,000	–	85,925	–	1.42%	–
ABBV	New	ABBVIE INC COM	$3,608,000	–	32,030	–	1.32%	–
DD	New	DUPONT DE NEMOURS INC	$3,440,000	–	44,445	–	1.26%	–
BAC	New	BANK OF AMERICA CORP	$3,414,000	–	82,802	–	1.25%	–
DIS	New	DISNEY (WALT) CO COM STK	$3,164,000	–	17,998	–	1.16%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$3,067,000	–	45,905	–	1.12%	–
ABT	New	ABBOTT LABORATORIES COM	$3,058,000	–	26,380	–	1.12%	–
AAPL	New	APPLE INC	$3,002,000	–	21,922	–	1.10%	–
WY	New	WEYERHAEUSER CO COM	$2,994,000	–	86,993	–	1.10%	–
MET	New	METLIFE INC COM	$2,863,000	–	47,831	–	1.05%	–
TXN	New	TEXAS INSTRUMENTS	$2,846,000	–	14,800	–	1.04%	–
GT	New	GOODYEAR TIRE RUBBER	$2,677,000	–	156,075	–	0.98%	–
GWW	New	GRAINGER W W INCORPORATED	$2,608,000	–	5,955	–	0.96%	–
JPM	New	JPMORGAN CHASE & CO	$2,477,000	–	15,925	–	0.91%	–
CLX	New	CLOROX CO DEL COM	$2,465,000	–	13,704	–	0.90%	–
GE	New	GENERAL ELECTRIC	$2,321,000	–	172,400	–	0.85%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$2,301,000	–	56,415	–	0.84%	–
LNC	New	LINCOLN NTNL CO	$2,174,000	–	34,600	–	0.80%	–
C	New	CITIGROUP INC COM NEW	$2,167,000	–	30,627	–	0.79%	–
PYPL	New	PAYPAL HOLDINGS INCORPOR	$2,050,000	–	7,032	–	0.75%	–
HAL	New	HALLIBURTON CO COM	$1,949,000	–	84,296	–	0.72%	–
BA	New	BOEING COMPANY	$1,851,000	–	7,727	–	0.68%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,767,000	–	24,265	–	0.65%	–
WHR	New	WHIRLPOOL CORP	$1,736,000	–	7,963	–	0.64%	–
SLB	New	SCHLUMBERGER LTD COM	$1,438,000	–	44,915	–	0.53%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,393,000	–	24,854	–	0.51%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,390,000	–	17,262	–	0.51%	–
T	New	AT&T INC	$1,362,000	–	47,320	–	0.50%	–
DOW	New	DOW INC REG SHS	$1,191,000	–	18,816	–	0.44%	–
WMT	New	WALMART INC	$1,185,000	–	8,405	–	0.43%	–
GIS	New	GENERAL MILLS	$1,164,000	–	19,110	–	0.43%	–
CL	New	COLGATE-PALMOLIVE CO	$1,056,000	–	12,975	–	0.39%	–
MO	New	ALTRIA GROUP INC	$1,026,000	–	21,513	–	0.38%	–
KMI	New	KINDER MORGAN INC. DEL	$976,000	–	53,528	–	0.36%	–
CSCO	New	CISCO SYSTEMS INCORPORATED	$970,000	–	18,310	–	0.36%	–
BP	New	BP PLC SPON ADR	$903,000	–	34,160	–	0.33%	–
PNW	New	PINNACLE WEST CAP CORP COM	$867,000	–	10,575	–	0.32%	–
CAH	New	CARDINAL HEALTH INC COM	$862,000	–	15,100	–	0.32%	–
JCI	New	JOHNSON CTLS Intl	$860,000	–	12,528	–	0.32%	–
A	New	AGILENT TECHNOLOGIES INC	$837,000	–	5,660	–	0.31%	–
HD	New	HOME DEPOT INC	$837,000	–	2,625	–	0.31%	–
COST	New	COSTCO WHOLESALE CRP DEL	$831,000	–	2,100	–	0.30%	–
ITW	New	ILLINOIS TOOL WORKS INC	$827,000	–	3,700	–	0.30%	–
LOW	New	LOWE'S COMPANIES INC	$815,000	–	4,200	–	0.30%	–
CTVA	New	CORTEVA INC REG SHS	$778,000	–	17,532	–	0.28%	–
NVDA	New	NVIDIA	$757,000	–	946	–	0.28%	–
HRL	New	HORMEL FOODS CORP	$688,000	–	14,400	–	0.25%	–
VTRS	New	VIATRIS INC COM	$671,000	–	46,907	–	0.25%	–
MSFT	New	MICROSOFT CORP	$638,000	–	2,355	–	0.23%	–
TIP	New	ISHARES TIPS BOND ETF IV	$605,000	–	4,725	–	0.22%	–
ROK	New	ROCKWELL AUTOMATION	$601,000	–	2,100	–	0.22%	–
AEP	New	AMN ELEC POWER CO	$530,000	–	6,270	–	0.19%	–
ED	New	CONSOLIDATED EDISON INC	$505,000	–	7,035	–	0.18%	–
EBAY	New	EBAY INC	$491,000	–	7,000	–	0.18%	–
IWM	New	ISHARES RUSSELL 2000 ETF IV	$484,000	–	2,110	–	0.18%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR	$473,000	–	11,700	–	0.17%	–
ENB	New	ENBRIDGE INC	$461,000	–	11,525	–	0.17%	–
TFC	New	TRUIST FINL CORP COM	$456,000	–	8,209	–	0.17%	–
PEP	New	PEPSICO INC	$445,000	–	3,003	–	0.16%	–
GL	New	GLOBE LIFE INC	$438,000	–	4,600	–	0.16%	–
NOC	New	NORTHROP GRUMMAN CO	$436,000	–	1,200	–	0.16%	–
EMN	New	EASTMAN CHEMICAL CO	$344,000	–	2,950	–	0.13%	–
GPN	New	GLOBAL PAYMENTS INC	$332,000	–	1,769	–	0.12%	–
VMC	New	VULCAN MATERIALS CO	$318,000	–	1,824	–	0.12%	–
BKR	New	BAKER HUGHES COMPANY	$309,000	–	13,500	–	0.11%	–
MSI	New	MOTOROLA SOLUTIONS INC	$303,000	–	1,397	–	0.11%	–
OGN	New	ORGANON AND CO REG SHS	$301,000	–	9,935	–	0.11%	–
GS	New	GOLDMAN SACHS GROUP INC	$296,000	–	780	–	0.11%	–
COP	New	CONOCOPHILLIPS	$296,000	–	4,858	–	0.11%	–
CINF	New	CINCINNATI FINL	$295,000	–	2,530	–	0.11%	–
PSX	New	PHILLIPS 66 SHS	$293,000	–	3,416	–	0.11%	–
GLW	New	CORNING INC	$286,000	–	7,000	–	0.10%	–
LHX	New	L3HARRIS TECHNOLOGIES IN	$281,000	–	1,300	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$281,000	–	2,100	–	0.10%	–
D	New	DOMINION ENERGY INC	$261,000	–	3,545	–	0.10%	–
PM	New	PHILIP MORRIS INTL INC	$260,000	–	2,625	–	0.10%	–
PCAR	New	PACCAR INC	$248,000	–	2,775	–	0.09%	–
V	New	VISA INC CL A SHRS	$216,000	–	925	–	0.08%	–
MAA	New	MID AMERICA APT CMNTYS REIT	$214,000	–	1,272	–	0.08%	–
SYK	New	STRYKER CORP	$201,000	–	775	–	0.07%	–
FLEX	New	FLEX LTD	$179,000	–	10,000	–	0.07%	–

Q4 2020

			Value		Shares		↓ Weighting
BKR	Exit	BAKER HUGHES COMPANY	$0	–	-13,500	–	-0.08%	–
FLEX	Exit	FLEX LTD	$0	–	-17,200	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,040	–	-0.10%	–
CINF	Exit	CINCINNATI FINL	$0	–	-2,705	–	-0.10%	–
LHX	Exit	L3HARRIS TECHNOLOGIES IN	$0	–	-1,300	–	-0.10%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-1,397	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-7,000	–	-0.10%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.10%	–
PCAR	Exit	PACCAR INC	$0	–	-2,775	–	-0.11%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.11%	–
D	Exit	DOMINION ENERGY INC	$0	–	-3,545	–	-0.13%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR	$0	–	-11,625	–	-0.13%	–
KMB	Exit	KIMBERLY CLARK CORP COM	$0	–	-2,100	–	-0.14%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-1,769	–	-0.14%	–
IWM	Exit	ISHARES RUSSELL 2000 ETF	$0	–	-2,110	–	-0.14%	–
ENB	Exit	ENBRIDGE INC COM	$0	–	-11,536	–	-0.15%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,615	–	-0.16%	–
TFC	Exit	TRUIST FINL CORP COM	$0	–	-9,344	–	-0.16%	–
EBAY	Exit	EBAY INC	$0	–	-7,000	–	-0.17%	–
GL	Exit	GLOBE LIFE INC COM	$0	–	-4,600	–	-0.17%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-1,200	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-3,003	–	-0.19%	–
NVDA	Exit	NVIDIA	$0	–	-915	–	-0.22%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-12,528	–	-0.23%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-6,345	–	-0.24%	–
CTVA	Exit	CORTEVA INC REG SHS	$0	–	-18,289	–	-0.24%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-7,185	–	-0.25%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-14,930	–	-0.27%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-2,850	–	-0.29%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-6,510	–	-0.30%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-55,815	–	-0.31%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-4,275	–	-0.32%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,625	–	-0.33%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,850	–	-0.34%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,100	–	-0.34%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-15,400	–	-0.34%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-48,815	–	-0.34%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-16,525	–	-0.35%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-10,575	–	-0.36%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-20,513	–	-0.36%	–
BP	Exit	BP PLC SPONSORED ADR	$0	–	-49,586	–	-0.39%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-13,175	–	-0.46%	–
DOW	Exit	DOW INC REG SHS	$0	–	-22,369	–	-0.48%	–
LNC	Exit	LINCOLN NTNL CO	$0	–	-34,600	–	-0.49%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-30,385	–	-0.50%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-93,447	–	-0.51%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-181,950	–	-0.52%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-27,897	–	-0.55%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-20,446	–	-0.55%	–
WMT	Exit	WALMART INC	$0	–	-8,980	–	-0.57%	–
GT	Exit	GOODYEAR TIRE RUBBER	$0	–	-164,875	–	-0.58%	–
BA	Exit	BOEING COMPANY	$0	–	-7,727	–	-0.58%	–
GIS	Exit	GENERAL MILLS	$0	–	-20,840	–	-0.58%	–
T	Exit	AT&T INC	$0	–	-45,770	–	-0.59%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-17,992	–	-0.66%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-7,800	–	-0.70%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-16,888	–	-0.74%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-58,990	–	-0.80%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-10,613	–	-0.89%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-82,602	–	-0.90%	–
MET	Exit	METLIFE INC COM	$0	–	-55,091	–	-0.93%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-62,255	–	-0.97%	–
GWW	Exit	GRAINGER W W INCORPORATED	$0	–	-6,725	–	-1.09%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-19,635	–	-1.11%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-17,100	–	-1.11%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-46,837	–	-1.18%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-92,393	–	-1.20%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-31,190	–	-1.24%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-45,890	–	-1.26%	–
VIAC	Exit	VIACOMCBS INC CL B	$0	–	-101,752	–	-1.30%	–
AAPL	Exit	APPLE INC	$0	–	-25,172	–	-1.32%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-26,990	–	-1.34%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP COM	$0	–	-53,440	–	-1.40%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-31,015	–	-1.41%	–
CLX	Exit	CLOROX CO DEL COM	$0	–	-15,404	–	-1.47%	–
LLY	Exit	ELI LILLY & CO	$0	–	-21,975	–	-1.48%	–
IVV	Exit	ISHARES CORE S&P 500 ETF	$0	–	-9,690	–	-1.48%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-42,388	–	-1.71%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-71,750	–	-1.77%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-36,092	–	-2.00%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-61,091	–	-2.00%	–
FDX	Exit	FEDEX CORP COM	$0	–	-19,785	–	-2.26%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-60,304	–	-2.27%	–
HSY	Exit	HERSHEY CO	$0	–	-36,095	–	-2.35%	–
CMI	Exit	CUMMINS INC COM	$0	–	-24,660	–	-2.37%	–
KO	Exit	COCA COLA CO COM	$0	–	-108,043	–	-2.42%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-84,450	–	-2.52%	–
PFE	Exit	PFIZER INC COM	$0	–	-155,833	–	-2.60%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-68,720	–	-2.94%	–
MMM	Exit	3M CO COM	$0	–	-41,768	–	-3.04%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-17,579	–	-3.06%	–
INTC	Exit	INTEL CORP COM	$0	–	-145,996	–	-3.44%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-52,018	–	-3.52%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-40,235	–	-4.01%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-64,656	–	-4.08%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-60,700	–	-4.11%	–
DE	Exit	DEERE & CO COM	$0	–	-58,845	–	-5.93%	–

Q3 2020

			Value		Shares		↓ Weighting
DE	Sell	DEERE & CO COM	$13,042,000	+40.0%	58,845	-0.7%	5.93%	+30.7%
CAT	Sell	CATERPILLAR INC COM	$9,053,000	+17.4%	60,700	-0.5%	4.11%	+9.5%
PG	Sell	PROCTER & GAMBLE CO COM	$8,987,000	+14.9%	64,656	-1.2%	4.08%	+7.2%
MCD	Sell	MCDONALDS CORP COM	$8,831,000	+18.3%	40,235	-0.5%	4.01%	+10.4%
JNJ	Buy	JOHNSON & JOHNSON COM	$7,744,000	+6.8%	52,018	+0.9%	3.52%	-0.3%
INTC	Buy	INTEL CORP COM	$7,560,000	-12.3%	145,996	+1.3%	3.44%	-18.2%
MMM	Buy	3M CO COM	$6,690,000	+2.9%	41,768	+0.2%	3.04%	-4.0%
ALL	Buy	ALLSTATE CORP COM	$6,469,000	-2.1%	68,720	+0.9%	2.94%	-8.6%
PFE	Sell	PFIZER INC COM	$5,719,000	+12.1%	155,833	-0.1%	2.60%	+4.6%
EMR	Sell	EMERSON ELEC CO COM	$5,537,000	+5.6%	84,450	-0.1%	2.52%	-1.5%
KO	Sell	COCA COLA CO COM	$5,334,000	+9.9%	108,043	-0.5%	2.42%	+2.6%
CMI	Sell	CUMMINS INC COM	$5,207,000	+21.1%	24,660	-0.6%	2.37%	+13.0%
HSY	Sell	HERSHEY CO	$5,174,000	+9.8%	36,095	-0.8%	2.35%	+2.4%
MRK	Sell	MERCK AND CO INC SHS	$5,002,000	+5.5%	60,304	-1.6%	2.27%	-1.5%
FDX	Sell	FEDEX CORP COM	$4,976,000	+70.6%	19,785	-4.9%	2.26%	+59.2%
CVX	Buy	CHEVRON CORPORATION	$4,399,000	-17.7%	61,091	+2.0%	2.00%	-23.2%
IBM	Buy	INTERNATIONAL BUSINESS MACHS C	$4,391,000	+1.2%	36,092	+0.5%	2.00%	-5.6%
SO	Sell	SOUTHERN COMPANY	$3,890,000	+4.0%	71,750	-0.5%	1.77%	-2.9%
DUK	Buy	DUKE ENERGY CORP	$3,754,000	+11.5%	42,388	+0.6%	1.71%	+4.1%
IVV	Sell	ISHARES CORE S&P 500 ETF	$3,256,000	-4.1%	9,690	-11.6%	1.48%	-10.5%
CLX	Sell	CLOROX CO DEL COM	$3,237,000	-5.4%	15,404	-1.3%	1.47%	-11.8%
AXP	Sell	AMER EXPRESS COMPANY	$3,109,000	+4.3%	31,015	-1.0%	1.41%	-2.7%
RTX	Buy	RAYTHEON TECHNOLOGIES CORP COM	$3,075,000	-6.0%	53,440	+0.6%	1.40%	-12.4%
ABT	Sell	ABBOTT LABORATORIES COM	$2,937,000	+17.5%	26,990	-1.3%	1.34%	+9.7%
AAPL	Buy	APPLE INC	$2,915,000	+25.6%	25,172	+295.6%	1.32%	+17.3%
VIAC	Sell	VIACOMCBS INC CL B	$2,850,000	+16.6%	101,752	-2.9%	1.30%	+8.8%
BMY	Buy	BRISTOL MYERS SQUIBB CO COM	$2,767,000	+2.9%	45,890	+0.4%	1.26%	-4.0%
ABBV	Buy	ABBVIE INC COM	$2,732,000	-6.7%	31,190	+4.6%	1.24%	-12.9%
WY	Sell	WEYERHAEUSER CO COM	$2,635,000	+23.1%	92,393	-3.0%	1.20%	+14.9%
DD	Sell	DUPONT DE NEMOURS INC	$2,599,000	+2.4%	46,837	-1.9%	1.18%	-4.4%
TXN	Sell	TEXAS INSTRUMENTS	$2,442,000	+12.1%	17,100	-0.3%	1.11%	+4.6%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,436,000	+8.2%	19,635	-2.7%	1.11%	+1.0%
GWW	Sell	GRAINGER W W INCORPORATED	$2,399,000	+12.5%	6,725	-0.9%	1.09%	+5.0%
XOM	Buy	EXXON MOBIL CORP COM	$2,137,000	-15.9%	62,255	+9.6%	0.97%	-21.5%
MET	Buy	METLIFE INC COM	$2,048,000	+5.1%	55,091	+3.2%	0.93%	-1.9%
BAC	Sell	BANK OF AMERICA CORP	$1,990,000	+1.0%	82,602	-0.4%	0.90%	-5.7%
WHR	Sell	WHIRLPOOL CORP	$1,952,000	+36.3%	10,613	-4.0%	0.89%	+27.3%
KHC	Buy	KRAFT (THE) HEINZ CO SHS	$1,767,000	-5.7%	58,990	+0.4%	0.80%	-12.0%
JPM	Buy	JPMORGAN CHASE & CO	$1,626,000	+3.4%	16,888	+1.1%	0.74%	-3.5%
T	Buy	AT&T INC	$1,305,000	-3.5%	45,770	+2.3%	0.59%	-9.9%
GIS	Sell	GENERAL MILLS	$1,285,000	-2.1%	20,840	-2.1%	0.58%	-8.6%
GT	Buy	GOODYEAR TIRE RUBBER	$1,265,000	-13.4%	164,875	+1.0%	0.58%	-19.1%
WMT	Buy	WALMART INC	$1,256,000	+34.3%	8,980	+15.1%	0.57%	+25.5%
VZ	Sell	VERIZON COMMUNICATNS COM	$1,216,000	+7.3%	20,446	-0.5%	0.55%	+0.2%
C	Buy	CITIGROUP INC COM NEW	$1,203,000	-6.0%	27,897	+11.4%	0.55%	-12.2%
GE	Buy	GENERAL ELECTRIC	$1,134,000	-8.3%	181,950	+0.5%	0.52%	-14.5%
HAL	Sell	HALLIBURTON CO COM	$1,126,000	-11.5%	93,447	-4.7%	0.51%	-17.4%
DOW	Sell	DOW INC REG SHS	$1,052,000	+11.8%	22,369	-3.1%	0.48%	+4.4%
BP	Sell	BP PLC SPONSORED ADR	$866,000	-37.7%	49,586	-16.7%	0.39%	-41.7%
PNW	Buy	PINNACLE WEST CAP CORP COM	$788,000	+2.6%	10,575	+1.0%	0.36%	-4.3%
CAH	Buy	CARDINAL HEALTH INC COM	$776,000	-8.1%	16,525	+2.2%	0.35%	-14.1%
SLB	Sell	SCHLUMBERGER LTD COM	$760,000	-27.6%	48,815	-14.5%	0.34%	-32.5%
HD	Buy	HOME DEPOT INC	$729,000	+37.0%	2,625	+23.5%	0.33%	+27.8%
LOW	Buy	LOWE'S COMPANIES INC	$709,000	+70.8%	4,275	+39.0%	0.32%	+59.4%
KMI	Buy	KINDER MORGAN INC. DEL	$688,000	-7.3%	55,815	+14.0%	0.31%	-13.3%
A	Sell	AGILENT TECHNOLOGIES INC	$657,000	+9.1%	6,510	-4.4%	0.30%	+2.0%
CSCO	Buy	CISCO SYSTEMS INC COM	$588,000	+14.8%	14,930	+36.0%	0.27%	+7.2%
CTVA	Sell	CORTEVA INC REG SHS	$527,000	+3.1%	18,289	-4.1%	0.24%	-4.0%
AEP	Sell	AMN ELEC POWER CO	$519,000	+1.6%	6,345	-1.2%	0.24%	-5.2%
JCI	Sell	JOHNSON CTLS Intl	$512,000	+18.0%	12,528	-1.4%	0.23%	+10.4%
NVDA	Sell	NVIDIA	$495,000	+37.9%	915	-3.2%	0.22%	+28.6%
MSFT	Buy	MICROSOFT CORP	$340,000	+22.3%	1,615	+18.3%	0.16%	+14.8%
ENB	Sell	ENBRIDGE INC COM	$337,000	-5.6%	11,536	-1.7%	0.15%	-12.1%
GPN	Sell	GLOBAL PAYMENTS INC	$314,000	+2.6%	1,769	-1.9%	0.14%	-4.0%
KMB	Sell	KIMBERLY CLARK CORP COM	$310,000	+1.0%	2,100	-3.4%	0.14%	-6.0%
RDSA	Buy	ROYAL DUTCH SHELL PLC ADR	$293,000	-15.6%	11,625	+9.4%	0.13%	-21.3%
GLW	New	CORNING INC	$227,000	–	7,000	–	0.10%	–
MSI	New	MOTOROLA SOLUTIONS INC	$219,000	–	1,397	–	0.10%	–
CINF	New	CINCINNATI FINL	$211,000	–	2,705	–	0.10%	–
FLEX	Sell	FLEX LTD	$192,000	+2.1%	17,200	-6.0%	0.09%	-5.4%
COP	Exit	CONOCOPHILLIPS	$0	–	-5,258	–	-0.11%	–

Q2 2020

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$9,313,000	–	59,260	–	4.54%	–
INTC	New	INTEL CORP COM	$8,620,000	–	144,076	–	4.20%	–
PG	New	PROCTER & GAMBLE CO COM	$7,822,000	–	65,421	–	3.81%	–
CAT	New	CATERPILLAR INC COM	$7,713,000	–	60,975	–	3.76%	–
MCD	New	MCDONALDS CORP COM	$7,463,000	–	40,455	–	3.64%	–
JNJ	New	JOHNSON & JOHNSON COM	$7,250,000	–	51,553	–	3.53%	–
ALL	New	ALLSTATE CORP COM	$6,606,000	–	68,110	–	3.22%	–
MMM	New	3M CO COM	$6,500,000	–	41,670	–	3.17%	–
LMT	New	LOCKHEED MARTIN CORP COM	$6,415,000	–	17,579	–	3.12%	–
CVX	New	CHEVRON CORPORATION	$5,344,000	–	59,889	–	2.60%	–
EMR	New	EMERSON ELEC CO COM	$5,245,000	–	84,550	–	2.55%	–
PFE	New	PFIZER INC COM	$5,103,000	–	156,063	–	2.48%	–
KO	New	COCA COLA CO COM	$4,853,000	–	108,608	–	2.36%	–
MRK	New	MERCK AND CO INC SHS	$4,739,000	–	61,279	–	2.31%	–
HSY	New	HERSHEY CO	$4,714,000	–	36,370	–	2.30%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,338,000	–	35,922	–	2.11%	–
CMI	New	CUMMINS INC COM	$4,299,000	–	24,810	–	2.09%	–
SO	New	SOUTHERN COMPANY	$3,740,000	–	72,125	–	1.82%	–
LLY	New	ELI LILLY & CO	$3,608,000	–	21,975	–	1.76%	–
CLX	New	CLOROX CO DEL COM	$3,423,000	–	15,604	–	1.67%	–
IVV	New	ISHARES CORE S&P 500 ETF	$3,396,000	–	10,965	–	1.65%	–
DUK	New	DUKE ENERGY CORP	$3,366,000	–	42,138	–	1.64%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP COM	$3,273,000	–	53,115	–	1.59%	–
AXP	New	AMER EXPRESS COMPANY	$2,981,000	–	31,315	–	1.45%	–
ABBV	New	ABBVIE INC COM	$2,929,000	–	29,830	–	1.43%	–
FDX	New	FEDEX CORP COM	$2,916,000	–	20,795	–	1.42%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$2,688,000	–	45,715	–	1.31%	–
XOM	New	EXXON MOBIL CORP COM	$2,540,000	–	56,795	–	1.24%	–
DD	New	DUPONT DE NEMOURS INC	$2,537,000	–	47,753	–	1.24%	–
ABT	New	ABBOTT LABORATORIES COM	$2,499,000	–	27,335	–	1.22%	–
VIAC	New	VIACOMCBS INC CL B	$2,444,000	–	104,802	–	1.19%	–
AAPL	New	APPLE INC	$2,321,000	–	6,363	–	1.13%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,251,000	–	20,185	–	1.10%	–
TXN	New	TEXAS INSTRUMENTS	$2,178,000	–	17,150	–	1.06%	–
WY	New	WEYERHAEUSER CO COM	$2,140,000	–	95,263	–	1.04%	–
GWW	New	W W GRAINGER INCORP	$2,132,000	–	6,785	–	1.04%	–
BAC	New	BANK OF AMERICA CORP	$1,970,000	–	82,954	–	0.96%	–
MET	New	METLIFE INC COM	$1,949,000	–	53,366	–	0.95%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$1,874,000	–	58,750	–	0.91%	–
JPM	New	JPMORGAN CHASE & CO	$1,572,000	–	16,708	–	0.77%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$1,549,000	–	17,992	–	0.75%	–
GT	New	GOODYEAR TIRE RUBBER	$1,460,000	–	163,275	–	0.71%	–
WHR	New	WHIRLPOOL CORP	$1,432,000	–	11,058	–	0.70%	–
BA	New	BOEING COMPANY	$1,416,000	–	7,727	–	0.69%	–
BP	New	BP PLC SPON ADR	$1,389,000	–	59,561	–	0.68%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$1,359,000	–	7,800	–	0.66%	–
T	New	AT&T INC	$1,352,000	–	44,720	–	0.66%	–
GIS	New	GENERAL MILLS	$1,313,000	–	21,290	–	0.64%	–
C	New	CITIGROUP INC COM NEW	$1,280,000	–	25,052	–	0.62%	–
HAL	New	HALLIBURTON CO COM	$1,273,000	–	98,047	–	0.62%	–
LNC	New	LINCOLN NTNL CO	$1,273,000	–	34,600	–	0.62%	–
GE	New	GENERAL ELECTRIC	$1,236,000	–	180,975	–	0.60%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,133,000	–	20,546	–	0.55%	–
SLB	New	SCHLUMBERGER LTD COM	$1,050,000	–	57,115	–	0.51%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,025,000	–	30,385	–	0.50%	–
CL	New	COLGATE PALMOLIVE	$965,000	–	13,175	–	0.47%	–
DOW	New	DOW INC REG SHS	$941,000	–	23,075	–	0.46%	–
WMT	New	WALMART INC	$935,000	–	7,805	–	0.46%	–
CAH	New	CARDINAL HEALTH INC COM	$844,000	–	16,175	–	0.41%	–
MO	New	ALTRIA GROUP INC	$805,000	–	20,513	–	0.39%	–
PNW	New	PINNACLE WEST CAP CORP COM	$768,000	–	10,475	–	0.37%	–
HRL	New	HORMEL FOODS CORP	$743,000	–	15,400	–	0.36%	–
KMI	New	KINDER MORGAN INC. DEL	$742,000	–	48,940	–	0.36%	–
ITW	New	ILLINOIS TOOL WORKS INC	$673,000	–	3,850	–	0.33%	–
COST	New	COSTCO WHOLESALE CRP DEL	$637,000	–	2,100	–	0.31%	–
ROK	New	ROCKWELL AUTOMATION	$607,000	–	2,850	–	0.30%	–
A	New	AGILENT TECHNOLOGIES INC	$602,000	–	6,810	–	0.29%	–
HD	New	HOME DEPOT INC	$532,000	–	2,125	–	0.26%	–
ED	New	CONSOLIDATED EDISON INC	$517,000	–	7,185	–	0.25%	–
AEP	New	AMN ELEC POWER CO	$511,000	–	6,420	–	0.25%	–
CTVA	New	CORTEVA INC REG SHS	$511,000	–	19,080	–	0.25%	–
CSCO	New	CISCO SYSTEMS INC COM	$512,000	–	10,975	–	0.25%	–
JCI	New	JOHNSON CTLS Intl	$434,000	–	12,703	–	0.21%	–
LOW	New	LOWE'S COMPANIES INC	$415,000	–	3,075	–	0.20%	–
PEP	New	PEPSICO INC	$397,000	–	3,003	–	0.19%	–
NOC	New	NORTHROP GRUMMAN CO	$369,000	–	1,200	–	0.18%	–
EBAY	New	EBAY INC	$367,000	–	7,000	–	0.18%	–
NVDA	New	NVIDIA	$359,000	–	945	–	0.18%	–
ENB	New	ENBRIDGE INC COM	$357,000	–	11,732	–	0.17%	–
TFC	New	TRUIST FINL CORP COM	$351,000	–	9,344	–	0.17%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR	$347,000	–	10,625	–	0.17%	–
GL	New	GLOBE LIFE INC COM	$341,000	–	4,600	–	0.17%	–
KMB	New	KIMBERLY CLARK CORP COM	$307,000	–	2,175	–	0.15%	–
GPN	New	GLOBAL PAYMENTS INC	$306,000	–	1,804	–	0.15%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$302,000	–	2,110	–	0.15%	–
D	New	DOMINION ENERGY INC	$288,000	–	3,545	–	0.14%	–
MSFT	New	MICROSOFT CORP	$278,000	–	1,365	–	0.14%	–
LHX	New	L3HARRIS TECHNOLOGIES IN	$221,000	–	1,300	–	0.11%	–
COP	New	CONOCOPHILLIPS	$221,000	–	5,258	–	0.11%	–
VMC	New	VULCAN MATERIALS CO	$211,000	–	1,824	–	0.10%	–
PCAR	New	PACCAR INC	$208,000	–	2,775	–	0.10%	–
BKR	New	BAKER HUGHES COMPANY	$208,000	–	13,500	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$206,000	–	1,040	–	0.10%	–
EMN	New	EASTMAN CHEMICAL CO	$205,000	–	2,950	–	0.10%	–
FLEX	New	FLEX LTD	$188,000	–	18,300	–	0.09%	–

Q4 2019

			Value		Shares		↓ Weighting
	Exit	SMURFIT STONE CONTAINER CP	$0	–	-15,500	–	0.00%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADRadr	$0	–	-5,000	–	-0.10%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-1,605	–	-0.10%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.10%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,050	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,925	–	-0.10%	–
PCAR	Exit	PACCAR INC	$0	–	-3,375	–	-0.11%	–
MSI	Exit	MOTOROLA SOLUTIONS INC	$0	–	-1,397	–	-0.11%	–
GPN	Exit	Global Payments	$0	–	-1,659	–	-0.12%	–
LHX	Exit	L3Harris Technologies	$0	–	-1,300	–	-0.12%	–
EBAY	Exit	EBAY INC	$0	–	-7,000	–	-0.13%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.13%	–
BSX	Exit	BOSTON SCIENTIFIC CO	$0	–	-7,000	–	-0.13%	–
D	Exit	DOMINION ENERGY INC	$0	–	-3,545	–	-0.13%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,258	–	-0.14%	–
KMB	Exit	KIMBERLY CLARK CORP COM	$0	–	-2,175	–	-0.14%	–
CINF	Exit	CINCINNATI FINANCIAL	$0	–	-2,655	–	-0.14%	–
BKR	Exit	BAKER HUGHES COMPANY	$0	–	-13,500	–	-0.14%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,075	–	-0.16%	–
IWM	Exit	ISHARES RUSSELL 2000 ETF	$0	–	-2,260	–	-0.16%	–
FLEX	Exit	FLEX LTD	$0	–	-34,150	–	-0.16%	–
BBT	Exit	BB&T CORPORATION	$0	–	-7,309	–	-0.18%	–
GL	Exit	GLOBE LIFE INC COM	$0	–	-4,600	–	-0.20%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-1,200	–	-0.21%	–
PEP	Exit	PEPSICO INC	$0	–	-3,303	–	-0.21%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-2,850	–	-0.22%	–
ENB	Exit	ENBRIDGE INC COM	$0	–	-13,874	–	-0.22%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-9,935	–	-0.23%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,125	–	-0.23%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR CL A	$0	–	-9,230	–	-0.25%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,100	–	-0.28%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-3,960	–	-0.28%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-8,265	–	-0.29%	–
CTVA	Exit	CORTEVA INC REG SHS	$0	–	-22,600	–	-0.29%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-14,679	–	-0.30%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-15,425	–	-0.34%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-82,125	–	-0.34%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-8,070	–	-0.35%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-36,897	–	-0.35%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-8,320	–	-0.36%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-7,800	–	-0.37%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-19,800	–	-0.40%	–
BA	Exit	BOEING COMPANY	$0	–	-2,277	–	-0.40%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-13,702	–	-0.44%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-13,775	–	-0.47%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-10,475	–	-0.47%	–
WMT	Exit	WALMART INC	$0	–	-8,935	–	-0.49%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-29,563	–	-0.56%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-20,353	–	-0.57%	–
DOW	Exit	DOW INC REG SHS	$0	–	-27,800	–	-0.61%	–
KHC	Exit	KRAFT HEINZ CO COM STK	$0	–	-47,710	–	-0.61%	–
GIS	Exit	GENERAL MILLS	$0	–	-24,240	–	-0.62%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-32,029	–	-0.62%	–
AAPL	Exit	APPLE INC	$0	–	-6,158	–	-0.64%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-9,495	–	-0.69%	–
MET	Exit	METLIFE INC COM	$0	–	-32,176	–	-0.70%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-18,162	–	-0.73%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-88,642	–	-0.77%	–
T	Exit	AT&T INC	$0	–	-48,440	–	-0.84%	–
LNC	Exit	LINCOLN NATIONAL CO	$0	–	-31,600	–	-0.88%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-57,240	–	-0.90%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-67,029	–	-0.90%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-16,663	–	-0.90%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO	$0	–	-136,475	–	-0.90%	–
BP	Exit	BP PLC SPON ADR	$0	–	-58,146	–	-1.02%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-31,130	–	-1.08%	–
GWW	Exit	W W GRAINGER INCORP	$0	–	-8,047	–	-1.10%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-86,363	–	-1.10%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-29,085	–	-1.12%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-18,870	–	-1.12%	–
FDX	Exit	FEDEX CORP COM	$0	–	-16,940	–	-1.14%	–
LLY	Exit	ELI LILLY & CO	$0	–	-23,115	–	-1.19%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-51,015	–	-1.19%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-20,640	–	-1.24%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-38,854	–	-1.28%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-43,316	–	-1.41%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-28,200	–	-1.54%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,100	–	-1.64%	–
CLX	Exit	CLOROX CO COM	$0	–	-24,354	–	-1.70%	–
CMI	Exit	CUMMINS INC COM	$0	–	-24,960	–	-1.87%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-28,122	–	-1.88%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-102,502	–	-1.90%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-44,371	–	-1.96%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-74,300	–	-2.11%	–
KO	Exit	COCA COLA CO COM	$0	–	-97,448	–	-2.44%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-64,291	–	-2.49%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-81,340	–	-2.50%	–
PFE	Exit	PFIZER INC COM	$0	–	-160,740	–	-2.66%	–
HSY	Exit	HERSHEY CO	$0	–	-38,380	–	-2.74%	–
MMM	Exit	3M CO COM	$0	–	-37,958	–	-2.87%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-16,344	–	-2.94%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-54,713	–	-2.99%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-52,478	–	-3.13%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-69,805	–	-3.49%	–
INTC	Exit	INTEL CORP COM	$0	–	-149,341	–	-3.54%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-63,270	–	-3.68%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-67,656	–	-3.87%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-41,155	–	-4.07%	–
DE	Exit	DEERE & CO COM	$0	–	-63,190	–	-4.91%	–

Q3 2019

			Value		Shares		↓ Weighting
DE	Sell	DEERE & CO COM	$10,659,000	-1.3%	63,190	-3.0%	4.91%	+0.7%
MCD	Sell	MCDONALDS CORP COM	$8,836,000	+0.3%	41,155	-3.0%	4.07%	+2.2%
PG	Sell	PROCTER & GAMBLE CO COM	$8,415,000	+11.2%	67,656	-2.0%	3.87%	+13.4%
CAT	Sell	CATERPILLAR INC COM	$7,992,000	-8.5%	63,270	-1.3%	3.68%	-6.7%
INTC	Sell	INTEL CORP COM	$7,696,000	+3.0%	149,341	-4.3%	3.54%	+5.0%
ALL	Sell	ALLSTATE CORP COM	$7,586,000	+5.0%	69,805	-1.8%	3.49%	+7.1%
JNJ	Sell	JOHNSON & JOHNSON COM	$6,790,000	-8.1%	52,478	-1.0%	3.13%	-6.2%
CVX	Sell	CHEVRON CORPORATION	$6,489,000	-5.4%	54,713	-0.8%	2.99%	-3.6%
MMM	Buy	3M CO COM	$6,240,000	-1.8%	37,958	+3.6%	2.87%	+0.1%
HSY	Sell	HERSHEY CO	$5,949,000	+12.8%	38,380	-2.5%	2.74%	+14.9%
PFE	Sell	PFIZER INC COM	$5,775,000	-18.3%	160,740	-1.5%	2.66%	-16.7%
EMR	Sell	EMERSON ELEC CO COM	$5,438,000	-1.5%	81,340	-1.7%	2.50%	+0.4%
MRK	Sell	MERCK AND CO INC SHS	$5,412,000	-2.8%	64,291	-3.2%	2.49%	-0.9%
KO	Sell	COCA COLA CO COM	$5,305,000	+5.7%	97,448	-1.2%	2.44%	+7.7%
SO	Sell	SOUTHERN COMPANY	$4,590,000	+9.0%	74,300	-2.5%	2.11%	+11.1%
DUK	Sell	DUKE ENERGY CORP	$4,253,000	+7.5%	44,371	-1.0%	1.96%	+9.6%
CBS	Buy	CBS CORP NEW CL B	$4,138,000	-19.0%	102,502	+0.1%	1.90%	-17.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS C	$4,090,000	+5.4%	28,122	-0.1%	1.88%	+7.5%
CMI	Sell	CUMMINS INC COM	$4,060,000	-6.9%	24,960	-2.0%	1.87%	-5.1%
AXP	Sell	AMER EXPRESS COMPANY	$3,335,000	-8.2%	28,200	-4.2%	1.54%	-6.5%
XOM	Sell	EXXON MOBIL CORP COM	$3,059,000	-8.4%	43,316	-0.6%	1.41%	-6.6%
DD	Sell	DUPONT DE NEMOURS INC	$2,771,000	-10.6%	38,854	-5.9%	1.28%	-8.8%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,690,000	-8.2%	20,640	-1.6%	1.24%	-6.4%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$2,587,000	+8.2%	51,015	-3.2%	1.19%	+10.3%
LLY	Sell	ELI LILLY & CO	$2,585,000	-8.9%	23,115	-9.8%	1.19%	-7.1%
TXN	Sell	TEXAS INSTRUMENTS	$2,439,000	+3.9%	18,870	-7.7%	1.12%	+5.9%
ABT	Sell	ABBOTT LABORATORIES COM	$2,434,000	-6.1%	29,085	-5.7%	1.12%	-4.4%
WY	Sell	WEYERHAEUSER CO COM	$2,392,000	+4.6%	86,363	-0.6%	1.10%	+6.6%
GWW	Sell	W W GRAINGER INCORP	$2,391,000	+8.4%	8,047	-2.1%	1.10%	+10.5%
ABBV	Buy	ABBVIE INC COM	$2,357,000	+10.9%	31,130	+6.5%	1.08%	+13.0%
BP	Buy	BP PLC SPON ADR	$2,209,000	-6.1%	58,146	+3.1%	1.02%	-4.2%
JPM	Sell	JPMORGAN CHASE & CO	$1,961,000	+1.5%	16,663	-3.6%	0.90%	+3.6%
SLB	Buy	SCHLUMBERGER LTD COM	$1,956,000	-10.7%	57,240	+3.8%	0.90%	-9.0%
BAC	Sell	BANK OF AMERICA CORP	$1,955,000	+0.3%	67,029	-0.3%	0.90%	+2.3%
T	Sell	AT&T INC	$1,833,000	+7.4%	48,440	-4.9%	0.84%	+9.5%
HAL	Buy	HALLIBURTON CO COM	$1,671,000	-15.2%	88,642	+2.3%	0.77%	-13.5%
BAX	Sell	BAXTER INTERNATIONAL INC	$1,589,000	+6.5%	18,162	-0.3%	0.73%	+8.5%
MET	Sell	METLIFE INC COM	$1,517,000	-6.1%	32,176	-1.1%	0.70%	-4.4%
WHR	Sell	WHIRLPOOL CORP	$1,504,000	+6.7%	9,495	-4.2%	0.69%	+8.6%
AAPL	Sell	APPLE INC	$1,379,000	+12.8%	6,158	-0.2%	0.64%	+15.0%
GIS	Sell	GENERAL MILLS	$1,336,000	-5.2%	24,240	-9.7%	0.62%	-3.5%
KHC	Buy	KRAFT HEINZ CO COM STK	$1,333,000	-7.2%	47,710	+3.1%	0.61%	-5.4%
DOW	Sell	DOW INC REG SHS	$1,325,000	-34.9%	27,800	-32.6%	0.61%	-33.6%
VZ	Sell	VERIZON COMMUNICATNS COM	$1,229,000	+2.9%	20,353	-2.6%	0.57%	+5.0%
MO	Sell	ALTRIA GROUP INC	$1,209,000	-19.1%	29,563	-6.3%	0.56%	-17.5%
PNW	Sell	PINNACLE WEST CAP CORP COM	$1,017,000	+2.7%	10,475	-0.5%	0.47%	+4.7%
HRL	Buy	HORMEL FOODS CORP	$866,000	+13.6%	19,800	+5.3%	0.40%	+16.0%
ED	Sell	CONSOLIDATED EDISON INC	$786,000	+1.7%	8,320	-5.7%	0.36%	+3.7%
AEP	Sell	AMN ELEC POWER CO	$756,000	+3.8%	8,070	-2.4%	0.35%	+5.8%
GE	Sell	GENERAL ELECTRIC	$734,000	-23.1%	82,125	-9.7%	0.34%	-21.6%
CAH	Sell	CARDINAL HEALTH INC COM	$728,000	-11.5%	15,425	-11.7%	0.34%	-9.9%
JCI	Sell	JOHNSON CTLS Intl	$644,000	-9.7%	14,679	-15.0%	0.30%	-8.1%
A	Sell	AGILENT TECHNOLOGIES INC	$633,000	-3.9%	8,265	-6.3%	0.29%	-2.3%
CTVA	Sell	CORTEVA INC REG SHS	$633,000	-48.1%	22,600	-45.2%	0.29%	-47.2%
ITW	Sell	ILLINOIS TOOL WORKS INC	$620,000	0.0%	3,960	-3.6%	0.28%	+1.8%
RDSA	Buy	ROYAL DUTCH SHELL PLC ADR CL A	$543,000	-2.9%	9,230	+7.5%	0.25%	-0.8%
ENB	Sell	ENBRIDGE INC COM	$487,000	-7.9%	13,874	-5.4%	0.22%	-6.3%
GL	New	GLOBE LIFE INC COM	$440,000	–	4,600	–	0.20%	–
FLEX	Sell	FLEX LTD	$357,000	+4.7%	34,150	-4.2%	0.16%	+6.5%
IWM	Sell	ISHARES RUSSELL 2000 ETF	$342,000	-5.8%	2,260	-3.1%	0.16%	-4.3%
LOW	Sell	LOWE'S COMPANIES INC	$338,000	+5.6%	3,075	-3.1%	0.16%	+8.3%
BKR	Sell	BAKER HUGHES COMPANY	$313,000	-12.8%	13,500	-7.4%	0.14%	-11.1%
LHX	New	L3Harris Technologies	$271,000	–	1,300	–	0.12%	–
GPN	New	Global Payments	$264,000	–	1,659	–	0.12%	–
PM	Sell	PHILIP MORRIS INTL INC	$222,000	-14.9%	2,925	-12.0%	0.10%	-13.6%
TM	New	TOYOTA MOTOR CORP ADR	$216,000	–	1,605	–	0.10%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-1,500	–	-0.09%	–
GLW	Exit	CORNING INC	$0	–	-7,000	–	-0.10%	–
TSS	Exit	TOTAL SYSTEM SERVICES INC	$0	–	-2,049	–	-0.12%	–
HRS	Exit	HARRIS CORPORATION	$0	–	-1,400	–	-0.12%	–
TMK	Exit	TORCHMARK CORP	$0	–	-4,800	–	-0.19%	–

Q2 2019

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$10,797,000	–	65,155	–	4.88%	–
MCD	New	MCDONALDS CORP COM	$8,813,000	–	42,440	–	3.98%	–
CAT	New	CATERPILLAR INC COM	$8,738,000	–	64,115	–	3.94%	–
PG	New	PROCTER & GAMBLE CO COM	$7,567,000	–	69,006	–	3.42%	–
INTC	New	INTEL CORP COM	$7,472,000	–	156,091	–	3.37%	–
JNJ	New	JOHNSON & JOHNSON COM	$7,385,000	–	53,023	–	3.33%	–
ALL	New	ALLSTATE CORP COM	$7,226,000	–	71,055	–	3.26%	–
PFE	New	PFIZER INC COM	$7,070,000	–	163,208	–	3.19%	–
CVX	New	CHEVRON CORP NEW COM	$6,863,000	–	55,150	–	3.10%	–
MMM	New	3M CO COM	$6,352,000	–	36,643	–	2.87%	–
LMT	New	LOCKHEED MARTIN CORP COM	$5,942,000	–	16,344	–	2.68%	–
MRK	New	MERCK AND CO INC SHS	$5,567,000	–	66,391	–	2.51%	–
EMR	New	EMERSON ELEC CO COM	$5,522,000	–	82,765	–	2.49%	–
HSY	New	HERSHEY CO	$5,275,000	–	39,355	–	2.38%	–
CBS	New	CBS CORP NEW CL B	$5,110,000	–	102,402	–	2.31%	–
KO	New	COCA COLA CO COM	$5,021,000	–	98,608	–	2.27%	–
CMI	New	CUMMINS INC COM	$4,362,000	–	25,460	–	1.97%	–
SO	New	SOUTHERN COMPANY	$4,212,000	–	76,200	–	1.90%	–
DUK	New	DUKE ENERGY CORP	$3,956,000	–	44,837	–	1.79%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$3,880,000	–	28,137	–	1.75%	–
CLX	New	CLOROX CO COM	$3,729,000	–	24,354	–	1.68%	–
AXP	New	AMER EXPRESS COMPANY	$3,634,000	–	29,440	–	1.64%	–
XOM	New	EXXON MOBIL CORP COM	$3,340,000	–	43,586	–	1.51%	–
RTN	New	RAYTHEON COM NEW	$3,147,000	–	18,100	–	1.42%	–
DD	New	DUPONT DE NEMOURS INC	$3,098,000	–	41,274	–	1.40%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,930,000	–	20,985	–	1.32%	–
LLY	New	ELI LILLY & CO	$2,838,000	–	25,615	–	1.28%	–
FDX	New	FEDEX CORP COM	$2,781,000	–	16,940	–	1.26%	–
ABT	New	ABBOTT LABORATORIES COM	$2,593,000	–	30,835	–	1.17%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,391,000	–	52,715	–	1.08%	–
BP	New	BP PLC SPON ADR	$2,352,000	–	56,405	–	1.06%	–
TXN	New	TEXAS INSTRUMENTS	$2,347,000	–	20,450	–	1.06%	–
WY	New	WEYERHAEUSER CO COM	$2,287,000	–	86,843	–	1.03%	–
GWW	New	GRAINGER WW INC	$2,205,000	–	8,222	–	1.00%	–
SLB	New	SCHLUMBERGER LTD COM	$2,191,000	–	55,140	–	0.99%	–
ABBV	New	ABBVIE INC COM	$2,126,000	–	29,230	–	0.96%	–
GT	New	GOODYEAR TIRE & RUBBER CO	$2,088,000	–	136,475	–	0.94%	–
LNC	New	LINCOLN NATIONAL CO	$2,037,000	–	31,600	–	0.92%	–
DOW	New	DOW INC REG SHS	$2,035,000	–	41,274	–	0.92%	–
HAL	New	HALLIBURTON CO COM	$1,970,000	–	86,631	–	0.89%	–
BAC	New	BANK OF AMERICA CORP	$1,950,000	–	67,229	–	0.88%	–
JPM	New	JPMORGAN CHASE & CO	$1,932,000	–	17,283	–	0.87%	–
T	New	AT&T INC	$1,707,000	–	50,940	–	0.77%	–
MET	New	METLIFE INC COM	$1,616,000	–	32,526	–	0.73%	–
MO	New	ALTRIA GROUP INC	$1,495,000	–	31,563	–	0.68%	–
BAX	New	BAXTER INTERNATIONAL INC	$1,492,000	–	18,212	–	0.67%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$1,437,000	–	46,285	–	0.65%	–
WHR	New	WHIRLPOOL CORP	$1,410,000	–	9,907	–	0.64%	–
GIS	New	GENERAL MILLS	$1,410,000	–	26,840	–	0.64%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,287,000	–	32,029	–	0.58%	–
AAPL	New	APPLE INC	$1,222,000	–	6,172	–	0.55%	–
CTVA	New	CORTEVA INC REG SHS	$1,220,000	–	41,274	–	0.55%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,194,000	–	20,903	–	0.54%	–
PNW	New	PINNACLE WEST CAP CORP COM	$990,000	–	10,525	–	0.45%	–
WMT	New	WALMART INC	$987,000	–	8,935	–	0.45%	–
CL	New	COLGATE PALMOLIVE	$987,000	–	13,775	–	0.45%	–
C	New	CITIGROUP INC COM NEW	$960,000	–	13,702	–	0.43%	–
GE	New	GENERAL ELECTRIC	$955,000	–	90,975	–	0.43%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$893,000	–	7,800	–	0.40%	–
BA	New	BOEING COMPANY	$829,000	–	2,277	–	0.37%	–
CAH	New	CARDINAL HEALTH INC COM	$823,000	–	17,475	–	0.37%	–
ED	New	CONSOLIDATED EDISON INC	$773,000	–	8,820	–	0.35%	–
KMI	New	KINDER MORGAN INC. DEL	$770,000	–	36,897	–	0.35%	–
HRL	New	HORMEL FOODS CORP	$762,000	–	18,800	–	0.34%	–
AEP	New	AMN ELEC POWER CO	$728,000	–	8,270	–	0.33%	–
JCI	New	JOHNSON CTLS Intl	$713,000	–	17,260	–	0.32%	–
A	New	AGILENT TECHNOLOGIES INC	$659,000	–	8,820	–	0.30%	–
ITW	New	ILLINOIS TOOL WORKS INC	$620,000	–	4,110	–	0.28%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR CL A	$559,000	–	8,590	–	0.25%	–
COST	New	COSTCO WHOLESALE CRP DEL	$555,000	–	2,100	–	0.25%	–
CSCO	New	CISCO SYSTEMS INC COM	$544,000	–	9,935	–	0.25%	–
ENB	New	ENBRIDGE INC COM	$529,000	–	14,661	–	0.24%	–
ROK	New	ROCKWELL AUTOMATION	$467,000	–	2,850	–	0.21%	–
HD	New	HOME DEPOT INC	$442,000	–	2,125	–	0.20%	–
PEP	New	PEPSICO INC	$433,000	–	3,303	–	0.20%	–
TMK	New	TORCHMARK CORP	$429,000	–	4,800	–	0.19%	–
NOC	New	NORTHROP GRUMMAN CO	$388,000	–	1,200	–	0.18%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$363,000	–	2,332	–	0.16%	–
BKR	New	BAKER HUGHES A GE CO CL A	$359,000	–	14,575	–	0.16%	–
BBT	New	BB&T CORPORATION	$359,000	–	7,309	–	0.16%	–
FLEX	New	FLEX LTD	$341,000	–	35,650	–	0.15%	–
COP	New	CONOCOPHILLIPS	$321,000	–	5,258	–	0.14%	–
LOW	New	LOWE'S COMPANIES INC	$320,000	–	3,175	–	0.14%	–
BSX	New	BOSTON SCIENTIFIC CO	$301,000	–	7,000	–	0.14%	–
KMB	New	KIMBERLY CLARK CORP COM	$290,000	–	2,175	–	0.13%	–
EBAY	New	EBAY INC	$277,000	–	7,000	–	0.12%	–
CINF	New	CINCINNATI FINANCIAL	$275,000	–	2,655	–	0.12%	–
D	New	DOMINION ENERGY INC	$274,000	–	3,545	–	0.12%	–
HRS	New	HARRIS CORPORATION	$265,000	–	1,400	–	0.12%	–
TSS	New	TOTAL SYSTEM SERVICES INC	$263,000	–	2,049	–	0.12%	–
PM	New	PHILIP MORRIS INTL INC	$261,000	–	3,325	–	0.12%	–
VMC	New	VULCAN MATERIALS CO	$250,000	–	1,824	–	0.11%	–
PCAR	New	PACCAR INC	$242,000	–	3,375	–	0.11%	–
GLW	New	CORNING INC	$233,000	–	7,000	–	0.10%	–
MSI	New	MOTOROLA SOLUTIONS INC	$233,000	–	1,397	–	0.10%	–
EMN	New	EASTMAN CHEMICAL CO	$230,000	–	2,950	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$215,000	–	1,050	–	0.10%	–
MSFT	New	MICROSOFT CORP	$201,000	–	1,500	–	0.09%	–
GSK	New	GLAXOSMITHKLINE PLC ADRadr	$200,000	–	5,000	–	0.09%	–
	New	SMURFIT STONE CONTAINER CP	$0	–	15,500	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
	Exit	SMURFIT STONE CONTAINER CP	$0	–	-15,500	–	0.00%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADRadr	$0	–	-5,000	–	-0.08%	–
TSS	Exit	TOTAL SYSTEM SERVICES INC	$0	–	-2,049	–	-0.08%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.08%	–
SCG	Exit	SCANA CORP NEW COM	$0	–	-5,300	–	-0.08%	–
PSX	Exit	PHILLIPS 66 COM	$0	–	-1,866	–	-0.09%	–
EGN	Exit	ENERGEN CRP COM PV 1CENT	$0	–	-2,565	–	-0.09%	–
CINF	Exit	CINCINNATI FINANCIAL	$0	–	-2,867	–	-0.09%	–
EBAY	Exit	EBAY INC	$0	–	-7,000	–	-0.10%	–
PCAR	Exit	PACCAR INC	$0	–	-3,375	–	-0.10%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,085	–	-0.10%	–
KMB	Exit	KIMBERLY CLARK CORP COM	$0	–	-2,175	–	-0.10%	–
MDRIQ	Exit	MCDERMOTT INTL INC	$0	–	-13,523	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-7,200	–	-0.10%	–
HRS	Exit	HARRIS CORPORATION	$0	–	-1,500	–	-0.10%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-8,765	–	-0.11%	–
BSX	Exit	BOSTON SCIENTIFIC CO	$0	–	-7,000	–	-0.11%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.12%	–
BBT	Exit	BB&T CORPORATION	$0	–	-7,309	–	-0.15%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,175	–	-0.15%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-2,600	–	-0.15%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,525	–	-0.15%	–
IWM	Exit	ISHARES RUSSELL 2000 ETF	$0	–	-2,332	–	-0.16%	–
TMK	Exit	TORCHMARK CORP	$0	–	-4,800	–	-0.17%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-5,558	–	-0.18%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-9,725	–	-0.18%	–
PEP	Exit	PEPSICO INC	$0	–	-4,003	–	-0.18%	–
FLEX	Exit	FLEX LTD	$0	–	-35,650	–	-0.19%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,261	–	-0.19%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-10,135	–	-0.20%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-2,850	–	-0.22%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-1,700	–	-0.22%	–
BA	Exit	BOEING COMPANY	$0	–	-1,502	–	-0.23%	–
BKR	Exit	BAKER HUGHES A GE CO CL A	$0	–	-17,065	–	-0.24%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,110	–	-0.24%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-8,270	–	-0.24%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-35,414	–	-0.26%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,800	–	-0.27%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-7,800	–	-0.28%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-5,785	–	-0.30%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-9,810	–	-0.31%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-19,100	–	-0.31%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR CL A	$0	–	-11,790	–	-0.33%	–
WMT	Exit	WALMART INC	$0	–	-9,178	–	-0.36%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-15,738	–	-0.36%	–
A	Exit	AGILENT TECHNOLOGIES INC COM	$0	–	-12,270	–	-0.36%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-11,250	–	-0.37%	–
ENB	Exit	ENBRIDGE INC COM	$0	–	-30,404	–	-0.41%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-14,981	–	-0.41%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-19,155	–	-0.43%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-21,891	–	-0.48%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-9,907	–	-0.49%	–
GIS	Exit	GENERAL MILLS	$0	–	-28,200	–	-0.50%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-17,152	–	-0.51%	–
MET	Exit	METLIFE INC COM	$0	–	-29,785	–	-0.58%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-18,712	–	-0.60%	–
AAPL	Exit	APPLE INC	$0	–	-6,386	–	-0.60%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-33,029	–	-0.67%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-51,368	–	-0.74%	–
T	Exit	AT&T INC	$0	–	-54,065	–	-0.75%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-17,863	–	-0.83%	–
LNC	Exit	LINCOLN NATIONAL CO	$0	–	-31,600	–	-0.88%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-35,913	–	-0.90%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-30,963	–	-0.94%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-77,229	–	-0.94%	–
GE	Exit	GENERAL ELECTRIC	$0	–	-209,126	–	-0.98%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-22,625	–	-1.00%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-22,005	–	-1.06%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-27,648	–	-1.08%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-84,123	–	-1.12%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-26,265	–	-1.16%	–
BP	Exit	BP PLC SPON ADR	$0	–	-66,681	–	-1.27%	–
GWW	Exit	W W GRAINGER INCORP	$0	–	-8,705	–	-1.28%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-51,265	–	-1.29%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-82,962	–	-1.39%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-78,387	–	-1.41%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-45,868	–	-1.52%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-34,715	–	-1.53%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-60,123	–	-1.54%	–
CMI	Exit	CUMMINS INC COM	$0	–	-25,710	–	-1.55%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-45,716	–	-1.61%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,850	–	-1.61%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO COM	$0	–	-168,875	–	-1.63%	–
FDX	Exit	FEDEX CORPORATION	$0	–	-17,125	–	-1.70%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-28,175	–	-1.76%	–
CLX	Exit	CLOROX CO COM	$0	–	-28,429	–	-1.77%	–
HSY	Exit	HERSHEY CO	$0	–	-42,280	–	-1.78%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-69,369	–	-2.03%	–
KO	Exit	COCA COLA CO COM	$0	–	-107,733	–	-2.06%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-17,000	–	-2.43%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-70,930	–	-2.44%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-112,302	–	-2.66%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-89,161	–	-2.82%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-57,896	–	-2.92%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-42,734	–	-2.95%	–
PFE	Exit	PFIZER INC COM	$0	–	-170,279	–	-3.10%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-54,303	–	-3.10%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-77,965	–	-3.18%	–
INTC	Exit	INTEL CORP COM	$0	–	-163,251	–	-3.19%	–
MMM	Exit	3M CO COM	$0	–	-39,780	–	-3.46%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-131,919	–	-3.50%	–
DE	Exit	DEERE & CO COM	$0	–	-69,720	–	-4.33%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-71,533	–	-4.51%	–

Q3 2018

			Value		Shares		↓ Weighting
CAT	Sell	CATERPILLAR INC COM	$10,908,000	+11.3%	71,533	-1.0%	4.51%	+7.1%
DE	Sell	DEERE & CO COM	$10,481,000	+5.9%	69,720	-1.6%	4.33%	+1.9%
DWDP	Sell	DOWDUPONT INC COM	$8,484,000	-4.8%	131,919	-2.4%	3.50%	-8.4%
MMM	Sell	3M CO COM	$8,382,000	+6.6%	39,780	-0.5%	3.46%	+2.6%
INTC	Sell	INTEL CORP COM	$7,720,000	-5.5%	163,251	-0.7%	3.19%	-9.1%
ALL	Sell	ALLSTATE CORP COM	$7,695,000	+7.0%	77,965	-1.0%	3.18%	+3.0%
JNJ	Sell	JOHNSON & JOHNSON COM	$7,503,000	+12.2%	54,303	-1.5%	3.10%	+8.0%
PFE	Sell	PFIZER INC COM	$7,504,000	+19.8%	170,279	-1.4%	3.10%	+15.3%
MCD	Sell	MCDONALDS CORP COM	$7,149,000	+6.1%	42,734	-0.6%	2.95%	+2.1%
CVX	Sell	CHEVRON CORPORATION	$7,080,000	-4.1%	57,896	-0.9%	2.92%	-7.8%
EMR	Sell	EMERSON ELEC CO COM	$6,828,000	+9.3%	89,161	-1.3%	2.82%	+5.2%
CBS	Sell	CBS CORP NEW CL B	$6,452,000	+1.7%	112,302	-0.4%	2.66%	-2.1%
PG	Sell	PROCTER & GAMBLE CO COM	$5,904,000	+2.9%	70,930	-3.5%	2.44%	-1.0%
LMT	Sell	LOCKHEED MARTIN CORP COM	$5,881,000	+15.6%	17,000	-1.3%	2.43%	+11.2%
KO	Sell	COCA COLA CO COM	$4,976,000	+4.2%	107,733	-1.0%	2.06%	+0.3%
MRK	Sell	MERCK AND CO INC SHS	$4,921,000	+16.2%	69,369	-0.6%	2.03%	+11.8%
HSY	Sell	HERSHEY CO	$4,313,000	+6.5%	42,280	-2.8%	1.78%	+2.5%
CLX	Sell	CLOROX CO COM	$4,276,000	+10.0%	28,429	-1.0%	1.77%	+5.9%
IBM	Buy	INTERNATIONAL BUSINESS MACHS C	$4,260,000	+9.0%	28,175	+0.8%	1.76%	+4.9%
FDX	Sell	FEDEX CORPORATION	$4,124,000	+4.1%	17,125	-1.9%	1.70%	+0.2%
GT	Sell	GOODYEAR TIRE & RUBBER CO COM	$3,950,000	-1.1%	168,875	-1.5%	1.63%	-4.8%
XOM	Sell	EXXON MOBIL CORP COM	$3,887,000	+1.7%	45,716	-1.1%	1.61%	-2.1%
CMI	Sell	CUMMINS INC COM	$3,755,000	+9.0%	25,710	-0.8%	1.55%	+4.9%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$3,732,000	+1.3%	60,123	-9.7%	1.54%	-2.5%
AXP	Sell	AMER EXPRESS COMPANY	$3,697,000	+8.0%	34,715	-0.6%	1.53%	+3.9%
DUK	Sell	DUKE ENERGY CORP	$3,670,000	+1.1%	45,868	-0.1%	1.52%	-2.8%
SO	Sell	SOUTHERN COMPANY	$3,418,000	-11.5%	78,387	-6.0%	1.41%	-14.8%
HAL	Buy	HALLIBURTON CO COM	$3,362,000	-8.2%	82,962	+2.1%	1.39%	-11.7%
SLB	Buy	SCHLUMBERGER LTD COM	$3,123,000	-7.5%	51,265	+1.7%	1.29%	-11.0%
GWW	Sell	W W GRAINGER INCORP	$3,111,000	+13.1%	8,705	-2.4%	1.28%	+8.8%
BP	Sell	BP PLC SPON ADR	$3,074,000	+0.4%	66,681	-0.5%	1.27%	-3.3%
WY	Sell	WEYERHAEUSER CO COM	$2,715,000	-12.8%	84,123	-1.5%	1.12%	-16.1%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,573,000	+10.1%	22,005	-1.3%	1.06%	+5.9%
TXN	Sell	TEXAS INSTRUMENTS	$2,427,000	-7.6%	22,625	-5.1%	1.00%	-11.1%
GE	Sell	GENERAL ELECTRIC	$2,361,000	-23.4%	209,126	-7.6%	0.98%	-26.3%
BAC	Sell	BANK OF AMERICA CORP	$2,275,000	+2.6%	77,229	-1.9%	0.94%	-1.3%
ABT	Sell	ABBOTT LABORATORIES COM	$2,271,000	+17.7%	30,963	-2.1%	0.94%	+13.1%
MO	Sell	ALTRIA GROUP INC	$2,166,000	+5.0%	35,913	-1.1%	0.90%	+1.1%
JPM	Sell	JPMORGAN CHASE & CO	$2,016,000	+3.5%	17,863	-4.4%	0.83%	-0.4%
T	Sell	AT&T INC	$1,816,000	+2.3%	54,065	-2.3%	0.75%	-1.6%
JCI	Sell	JOHNSON CTLS Intl	$1,798,000	+0.8%	51,368	-3.6%	0.74%	-2.9%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$1,623,000	-9.6%	33,029	-6.0%	0.67%	-13.1%
BAX	Sell	BAXTER INTERNATIONAL INC COM	$1,443,000	+3.4%	18,712	-1.1%	0.60%	-0.5%
AAPL	Sell	APPLE INC	$1,442,000	+19.8%	6,386	-1.8%	0.60%	+15.3%
MET	Buy	METLIFE INC COM	$1,392,000	+43.1%	29,785	+33.5%	0.58%	+37.6%
GIS	Buy	GENERAL MILLS	$1,210,000	+9.5%	28,200	+12.9%	0.50%	+5.5%
WHR	Buy	WHIRLPOOL CORP	$1,176,000	-17.0%	9,907	+2.3%	0.49%	-20.1%
VZ	Sell	VERIZON COMMUNICATNS COM	$1,169,000	+5.2%	21,891	-0.9%	0.48%	+1.3%
CAH	Sell	CARDINAL HEALTH INC COM	$1,034,000	+9.4%	19,155	-1.0%	0.43%	+5.2%
ENB	Sell	ENBRIDGE INC COM	$982,000	-21.7%	30,404	-13.4%	0.41%	-24.5%
A	Sell	AGILENT TECHNOLOGIES INC COM	$866,000	+1.2%	12,270	-11.3%	0.36%	-2.7%
KHC	Buy	KRAFT (THE) HEINZ CO SHS	$867,000	-4.0%	15,738	+9.5%	0.36%	-7.7%
WMT	Sell	WALMART INC	$862,000	+8.7%	9,178	-0.8%	0.36%	+4.7%
RDSA	Sell	ROYAL DUTCH SHELL PLC ADR CL A	$803,000	-4.9%	11,790	-3.3%	0.33%	-8.3%
TM	Sell	TOYOTA MOTOR CORP ADR	$719,000	-9.8%	5,785	-6.5%	0.30%	-13.2%
KMI	Buy	KINDER MORGAN INC. DEL	$628,000	+1.6%	35,414	+1.2%	0.26%	-2.3%
ITW	Sell	ILLINOIS TOOL WORKS INC	$580,000	+1.0%	4,110	-0.8%	0.24%	-2.4%
BA	Buy	BOEING COMPANY	$559,000	+14.8%	1,502	+3.4%	0.23%	+10.5%
CSCO	Sell	CISCO SYSTEMS INC COM	$493,000	+5.8%	10,135	-6.5%	0.20%	+2.0%
HD	Sell	HOME DEPOT INC	$468,000	+4.5%	2,261	-1.5%	0.19%	+0.5%
COP	Sell	CONOCOPHILLIPS	$430,000	-18.3%	5,558	-26.5%	0.18%	-21.2%
TMK	Sell	TORCHMARK CORP	$416,000	+3.2%	4,800	-3.0%	0.17%	-0.6%
LOW	Sell	LOWE'S COMPANIES INC	$365,000	+17.4%	3,175	-2.3%	0.15%	+12.7%
HMC	Sell	HONDA MOTOR ADR NEW	$264,000	-55.3%	8,765	-56.6%	0.11%	-57.1%
HRS	Sell	HARRIS CORPORATION	$254,000	+10.0%	1,500	-6.2%	0.10%	+6.1%
GLW	Sell	CORNING INC	$254,000	+24.5%	7,200	-2.7%	0.10%	+19.3%
MDRIQ	Sell	MCDERMOTT INTL INC	$249,000	-7.4%	13,523	-1.1%	0.10%	-10.4%
EGN	New	ENERGEN CRP COM PV 1CENT	$221,000	–	2,565	–	0.09%	–
CINF	New	CINCINNATI FINANCIAL	$220,000	–	2,867	–	0.09%	–
GSK	Sell	GLAXOSMITHKLINE PLC ADRadr	$201,000	-5.2%	5,000	-4.8%	0.08%	-8.8%
TSS	New	TOTAL SYSTEM SERVICES INC	$202,000	–	2,049	–	0.08%	–
BTI	Exit	BRITISH AMERN TOB PLC ADR	$0	–	-5,049	–	-0.11%	–

Q2 2018

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$9,901,000	–	70,825	–	4.25%	–
CAT	New	CATERPILLAR INC COM	$9,803,000	–	72,258	–	4.21%	–
DWDP	New	DOWDUPONT INC COM	$8,914,000	–	135,229	–	3.83%	–
INTC	New	INTEL CORP COM	$8,173,000	–	164,411	–	3.51%	–
MMM	New	3M CO COM	$7,862,000	–	39,965	–	3.38%	–
CVX	New	CHEVRON CORPORATION	$7,386,000	–	58,416	–	3.17%	–
ALL	New	ALLSTATE CORP COM	$7,191,000	–	78,790	–	3.09%	–
MCD	New	MCDONALDS CORP COM	$6,738,000	–	43,000	–	2.89%	–
JNJ	New	JOHNSON & JOHNSON COM	$6,686,000	–	55,103	–	2.87%	–
CBS	New	CBS CORP NEW CL B	$6,342,000	–	112,802	–	2.72%	–
PFE	New	PFIZER INC COM	$6,263,000	–	172,624	–	2.69%	–
EMR	New	EMERSON ELEC CO COM	$6,247,000	–	90,356	–	2.68%	–
PG	New	PROCTER & GAMBLE CO COM	$5,737,000	–	73,500	–	2.46%	–
LMT	New	LOCKHEED MARTIN CORP COM	$5,089,000	–	17,225	–	2.18%	–
KO	New	COCA COLA CO COM	$4,774,000	–	108,843	–	2.05%	–
MRK	New	MERCK AND CO INC SHS	$4,235,000	–	69,769	–	1.82%	–
HSY	New	HERSHEY CO	$4,048,000	–	43,495	–	1.74%	–
GT	New	GOODYEAR TIRE & RUBBER CO COM	$3,994,000	–	171,475	–	1.72%	–
FDX	New	FEDEX CORP COM	$3,962,000	–	17,450	–	1.70%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$3,907,000	–	27,965	–	1.68%	–
CLX	New	CLOROX CO COM	$3,886,000	–	28,729	–	1.67%	–
SO	New	SOUTHERN CO COM	$3,863,000	–	83,412	–	1.66%	–
XOM	New	EXXON MOBIL CORP COM	$3,823,000	–	46,206	–	1.64%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$3,684,000	–	66,573	–	1.58%	–
HAL	New	HALLIBURTON CO COM	$3,663,000	–	81,287	–	1.57%	–
RTN	New	RAYTHEON COM NEW	$3,641,000	–	18,850	–	1.56%	–
DUK	New	DUKE ENERGY CORP	$3,631,000	–	45,918	–	1.56%	–
CMI	New	CUMMINS INC COM	$3,446,000	–	25,910	–	1.48%	–
AXP	New	AMER EXPRESS COMPANY	$3,422,000	–	34,915	–	1.47%	–
SLB	New	SCHLUMBERGER LTD COM	$3,377,000	–	50,385	–	1.45%	–
WY	New	WEYERHAEUSER CO COM	$3,115,000	–	85,428	–	1.34%	–
GE	New	GENERAL ELEC CO COM	$3,081,000	–	226,371	–	1.32%	–
BP	New	BP PLC SPON ADR	$3,061,000	–	67,031	–	1.31%	–
GWW	New	W W GRAINGER INCORP	$2,751,000	–	8,920	–	1.18%	–
TXN	New	TEXAS INSTRUMENTS	$2,628,000	–	23,835	–	1.13%	–
ABBV	New	ABBVIE INC COM	$2,562,000	–	27,648	–	1.10%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,338,000	–	22,305	–	1.00%	–
LLY	New	LILLY ELI & CO COM	$2,241,000	–	26,265	–	0.96%	–
BAC	New	BANK OF AMERICA CORP	$2,218,000	–	78,695	–	0.95%	–
MO	New	ALTRIA GROUP INC	$2,062,000	–	36,313	–	0.88%	–
LNC	New	LINCOLN NATIONAL CO	$1,967,000	–	31,600	–	0.84%	–
JPM	New	JPMORGAN CHASE & CO	$1,948,000	–	18,693	–	0.84%	–
ABT	New	ABBOTT LABORATORIES COM	$1,930,000	–	31,638	–	0.83%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,795,000	–	35,129	–	0.77%	–
JCI	New	JOHNSON CTLS Intl	$1,783,000	–	53,289	–	0.76%	–
T	New	AT&T INC	$1,776,000	–	55,315	–	0.76%	–
WHR	New	WHIRLPOOL CORP	$1,417,000	–	9,687	–	0.61%	–
BAX	New	BAXTER INTL INC COM	$1,396,000	–	18,912	–	0.60%	–
ENB	New	ENBRIDGE INC COM	$1,254,000	–	35,127	–	0.54%	–
AAPL	New	APPLE INC	$1,204,000	–	6,502	–	0.52%	–
C	New	CITIGROUP INC COM NEW	$1,148,000	–	17,152	–	0.49%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,111,000	–	22,091	–	0.48%	–
GIS	New	GENERAL MILLS	$1,105,000	–	24,970	–	0.47%	–
MET	New	METLIFE INC COM	$973,000	–	22,315	–	0.42%	–
CL	New	COLGATE PALMOLIVE	$971,000	–	14,981	–	0.42%	–
CAH	New	CARDINAL HEALTH INC COM	$945,000	–	19,355	–	0.41%	–
PNW	New	PINNACLE WEST CAP CORP COM	$906,000	–	11,250	–	0.39%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$903,000	–	14,373	–	0.39%	–
A	New	AGILENT TECHNOLOGIES INC	$856,000	–	13,835	–	0.37%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR CL A	$844,000	–	12,190	–	0.36%	–
TM	New	TOYOTA MOTOR CORP ADR	$797,000	–	6,185	–	0.34%	–
WMT	New	WALMART INC	$793,000	–	9,253	–	0.34%	–
ED	New	CONSOLIDATED EDISON INC	$765,000	–	9,810	–	0.33%	–
HRL	New	HORMEL FOODS CORP	$711,000	–	19,100	–	0.30%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$650,000	–	7,800	–	0.28%	–
KMI	New	KINDER MORGAN INC. DEL	$618,000	–	34,993	–	0.26%	–
HMC	New	HONDA MOTOR ADR NEW	$591,000	–	20,190	–	0.25%	–
COST	New	COSTCO WHOLESALE CRP DEL	$585,000	–	2,800	–	0.25%	–
AEP	New	AMN ELEC POWER CO	$573,000	–	8,270	–	0.25%	–
ITW	New	ILLINOIS TOOL WORKS INC	$574,000	–	4,145	–	0.25%	–
BKR	New	BAKER HUGHES A GE CO CL A	$564,000	–	17,065	–	0.24%	–
COP	New	CONOCOPHILLIPS	$526,000	–	7,558	–	0.23%	–
NOC	New	NORTHROP GRUMMAN CO	$523,000	–	1,700	–	0.22%	–
FLEX	New	FLEX LTD	$503,000	–	35,650	–	0.22%	–
BA	New	BOEING COMPANY	$487,000	–	1,452	–	0.21%	–
ROK	New	ROCKWELL AUTOMATION	$474,000	–	2,850	–	0.20%	–
CSCO	New	CISCO SYSTEMS INC COM	$466,000	–	10,835	–	0.20%	–
HD	New	HOME DEPOT INC	$448,000	–	2,296	–	0.19%	–
PEP	New	PEPSICO INC	$436,000	–	4,003	–	0.19%	–
HOG	New	HARLEY DAVIDSON INC	$409,000	–	9,725	–	0.18%	–
TMK	New	TORCHMARK CORP	$403,000	–	4,950	–	0.17%	–
IWM	New	ISHARES RUSSELL 2000 ETF	$382,000	–	2,332	–	0.16%	–
BBT	New	BB&T CORPORATION	$369,000	–	7,309	–	0.16%	–
PM	New	PHILIP MORRIS INTL INC	$365,000	–	4,525	–	0.16%	–
COL	New	ROCKWELL COLLINS INC	$350,000	–	2,600	–	0.15%	–
LOW	New	LOWE'S COMPANIES INC	$311,000	–	3,250	–	0.13%	–
EMN	New	EASTMAN CHEMICAL CO	$295,000	–	2,950	–	0.13%	–
MDRIQ	New	MCDERMOTT INTL INC	$269,000	–	13,674	–	0.12%	–
BTI	New	BRITISH AMERN TOB PLC ADR	$255,000	–	5,049	–	0.11%	–
EBAY	New	EBAY INC	$254,000	–	7,000	–	0.11%	–
GS	New	GOLDMAN SACHS GROUP INC	$239,000	–	1,085	–	0.10%	–
VMC	New	VULCAN MATERIALS CO	$235,000	–	1,824	–	0.10%	–
HRS	New	HARRIS CORPORATION	$231,000	–	1,600	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP COM	$229,000	–	2,175	–	0.10%	–
BSX	New	BOSTON SCIENTIFIC CO	$229,000	–	7,000	–	0.10%	–
GSK	New	GLAXOSMITHKLINE PLC ADRadr	$212,000	–	5,250	–	0.09%	–
PSX	New	PHILLIPS 66 COM	$210,000	–	1,866	–	0.09%	–
PCAR	New	PACCAR INC	$209,000	–	3,375	–	0.09%	–
SCG	New	SCANA CORP NEW COM	$204,000	–	5,300	–	0.09%	–
GLW	New	CORNING INC	$204,000	–	7,400	–	0.09%	–
	New	SMURFIT STONE CONTAINER CP	$0	–	15,500	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
	Exit	Smurfit Stone	$0	–	-15,500	–	0.00%	–
AVP	Exit	AVON PROD INC	$0	–	-11,326	–	-0.01%	–
BSX	Exit	BOSTON SCIENTIFIC CO	$0	–	-7,000	–	-0.08%	–
HRS	Exit	HARRIS CORPORATION	$0	–	-1,600	–	-0.08%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADRadr	$0	–	-5,350	–	-0.09%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.09%	–
CINF	Exit	CINCINNATI FINANCIAL	$0	–	-2,867	–	-0.09%	–
GLW	Exit	CORNING INC	$0	–	-7,650	–	-0.09%	–
MTW	Exit	MANITOWOC CO INC WIS	$0	–	-28,575	–	-0.10%	–
SCG	Exit	SCANA CORP NEW COM	$0	–	-5,300	–	-0.10%	–
KMB	Exit	KIMBERLY CLARK CORP COM	$0	–	-2,273	–	-0.11%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.11%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,135	–	-0.11%	–
EBAY	Exit	EBAY INC	$0	–	-7,000	–	-0.11%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-3,473	–	-0.11%	–
PCAR	Exit	PACCAR INC	$0	–	-3,775	–	-0.11%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-1,089	–	-0.11%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,450	–	-0.11%	–
ADNT	Exit	ADIENT PLC SHS	$0	–	-3,370	–	-0.11%	–
BTI	Exit	BRITISH AMERN TOB PLC SPONSORE	$0	–	-5,049	–	-0.12%	–
BBT	Exit	BB&T CORPORATION	$0	–	-7,309	–	-0.14%	–
BA	Exit	BOEING COMPANY	$0	–	-1,366	–	-0.14%	–
GIS	Exit	GENERAL MILLS	$0	–	-7,000	–	-0.14%	–
CSCO	Exit	CISCO SYSTEMS INC COM	$0	–	-10,895	–	-0.15%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,558	–	-0.15%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,296	–	-0.15%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-3,000	–	-0.16%	–
CBI	Exit	CHICAGO BRDG &IRON CO NV	$0	–	-23,325	–	-0.16%	–
TMK	Exit	TORCHMARK CORP	$0	–	-4,950	–	-0.16%	–
PEP	Exit	PEPSICO INC	$0	–	-4,003	–	-0.18%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,750	–	-0.18%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-1,600	–	-0.18%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-7,800	–	-0.20%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-4,525	–	-0.20%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-3,000	–	-0.21%	–
MET	Exit	METLIFE INC COM	$0	–	-11,650	–	-0.24%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-19,100	–	-0.24%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-8,920	–	-0.25%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,345	–	-0.26%	–
BKR	Exit	BAKER HUGHES A GE CO CL A	$0	–	-17,640	–	-0.26%	–
FLEX	Exit	FLEX LTD	$0	–	-39,650	–	-0.26%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,953	–	-0.28%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR CL A	$0	–	-12,515	–	-0.30%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-6,565	–	-0.31%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-10,360	–	-0.33%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-31,380	–	-0.37%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-48,791	–	-0.37%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-11,500	–	-0.39%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-21,025	–	-0.40%	–
AAPL	Exit	APPLE INC	$0	–	-6,639	–	-0.41%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-16,660	–	-0.43%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-22,596	–	-0.44%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-16,256	–	-0.47%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-19,762	–	-0.49%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-20,703	–	-0.55%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-19,750	–	-0.57%	–
ENB	Exit	ENBRIDGE INC	$0	–	-35,947	–	-0.60%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-9,352	–	-0.69%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-39,579	–	-0.69%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-32,544	–	-0.69%	–
GWW	Exit	W W GRAINGER INCORP	$0	–	-9,935	–	-0.71%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-21,623	–	-0.82%	–
T	Exit	AT&T INC	$0	–	-57,164	–	-0.89%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-35,738	–	-0.90%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-91,470	–	-0.92%	–
LNC	Exit	LINCOLN NATIONAL CO	$0	–	-31,600	–	-0.92%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-24,106	–	-0.94%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-28,740	–	-0.98%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-27,570	–	-0.98%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-28,048	–	-0.99%	–
BP	Exit	BP PLC SPON ADR	$0	–	-71,158	–	-1.09%	–
JCI	Exit	JOHNSON CTLS Intl	$0	–	-73,067	–	-1.17%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-87,358	–	-1.18%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-37,995	–	-1.37%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,850	–	-1.40%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-27,000	–	-1.56%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-47,901	–	-1.56%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-56,455	–	-1.57%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-47,408	–	-1.58%	–
CLX	Exit	CLOROX CO COM	$0	–	-30,539	–	-1.60%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-85,816	–	-1.68%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-92,694	–	-1.70%	–
FDX	Exit	FEDEX CORP COM	$0	–	-19,319	–	-1.73%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-70,973	–	-1.80%	–
CMI	Exit	CUMMINS INC COM	$0	–	-27,483	–	-1.84%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-73,239	–	-1.86%	–
HSY	Exit	HERSHEY CO	$0	–	-46,095	–	-2.00%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-16,515	–	-2.04%	–
KO	Exit	COCA COLA CO COM	$0	–	-114,564	–	-2.05%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-100,183	–	-2.50%	–
PFE	Exit	PFIZER INC COM	$0	–	-180,210	–	-2.56%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO COM	$0	–	-196,895	–	-2.60%	–
INTC	Exit	INTEL CORP COM	$0	–	-174,306	–	-2.64%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-278,851	–	-2.68%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-75,754	–	-2.74%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-44,060	–	-2.75%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-60,400	–	-2.82%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-127,102	–	-2.93%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-57,528	–	-2.98%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-83,451	–	-3.05%	–
MMM	Exit	3M CO COM	$0	–	-43,124	–	-3.60%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-76,713	–	-3.80%	–
DE	Exit	DEERE & CO COM	$0	–	-76,678	–	-3.83%	–
DWDP	Exit	DOWDUPONT INC COM	$0	–	-147,452	–	-4.06%	–

Q3 2017

			Value		Shares		↓ Weighting
DWDP	New	DOWDUPONT INC COM	$10,208,000	–	147,452	–	4.06%	–
DE	Sell	DEERE & CO COM	$9,630,000	+0.2%	76,678	-1.4%	3.83%	-1.1%
CAT	Sell	CATERPILLAR INC COM	$9,567,000	+14.5%	76,713	-1.3%	3.80%	+13.0%
MMM	Sell	3M CO COM	$9,052,000	-0.7%	43,124	-1.5%	3.60%	-1.9%
ALL	Sell	ALLSTATE CORP COM	$7,670,000	+2.0%	83,451	-1.9%	3.05%	+0.7%
JNJ	Sell	JOHNSON & JOHNSON COM	$7,479,000	-2.7%	57,528	-1.0%	2.98%	-3.9%
CBS	Sell	CBS CORP NEW CL B	$7,372,000	-10.6%	127,102	-1.7%	2.93%	-11.8%
CVX	Sell	CHEVRON CORPORATION	$7,097,000	+11.4%	60,400	-1.1%	2.82%	+9.9%
MCD	Sell	MCDONALDS CORP COM	$6,903,000	+1.4%	44,060	-0.9%	2.75%	+0.1%
PG	Sell	PROCTER & GAMBLE CO COM	$6,892,000	+3.0%	75,754	-1.3%	2.74%	+1.7%
GE	Buy	GENERAL ELEC CO COM	$6,743,000	-10.0%	278,851	+0.5%	2.68%	-11.1%
INTC	Sell	INTEL CORP COM	$6,638,000	+11.3%	174,306	-1.4%	2.64%	+9.9%
GT	Sell	GOODYEAR TIRE & RUBBER CO COM	$6,547,000	-5.8%	196,895	-1.0%	2.60%	-7.0%
PFE	Sell	PFIZER INC COM	$6,434,000	+4.6%	180,210	-1.6%	2.56%	+3.2%
EMR	Sell	EMERSON ELEC CO COM	$6,295,000	+3.2%	100,183	-2.0%	2.50%	+1.9%
KO	Sell	COCA COLA CO COM	$5,157,000	-1.0%	114,564	-1.3%	2.05%	-2.2%
HSY	Sell	HERSHEY CO	$5,032,000	+0.7%	46,095	-1.0%	2.00%	-0.6%
MRK	Sell	MERCK AND CO INC SHS	$4,689,000	-1.5%	73,239	-1.4%	1.86%	-2.8%
CMI	Buy	CUMMINS INC COM	$4,618,000	+3.6%	27,483	+0.0%	1.84%	+2.3%
FDX	Sell	FEDEX CORP COM	$4,358,000	+0.8%	19,319	-2.9%	1.73%	-0.5%
HAL	Sell	HALLIBURTON CO COM	$4,267,000	+5.5%	92,694	-2.1%	1.70%	+4.2%
SO	Sell	SOUTHERN COMPANY	$4,217,000	+1.1%	85,816	-1.5%	1.68%	-0.2%
CLX	Sell	CLOROX CO COM	$4,028,000	-1.3%	30,539	-0.3%	1.60%	-2.6%
DUK	Sell	DUKE ENERGY CORP	$3,978,000	-0.8%	47,408	-1.2%	1.58%	-2.1%
SLB	Sell	SCHLUMBERGER LTD COM	$3,938,000	+4.1%	56,455	-1.7%	1.57%	+2.8%
XOM	Sell	EXXON MOBIL CORP COM	$3,927,000	+1.2%	47,901	-0.3%	1.56%	-0.1%
IBM	Sell	INTERNATIONAL BUSINESS MACHS C	$3,917,000	-6.0%	27,000	-0.4%	1.56%	-7.2%
AXP	Sell	AMER EXPRESS COMPANY	$3,437,000	+7.3%	37,995	-0.1%	1.37%	+6.0%
WY	Sell	WEYERHAEUSER CO COM	$2,973,000	-0.2%	87,358	-1.8%	1.18%	-1.6%
JCI	Sell	JOHNSON CTLS Intl	$2,944,000	-9.3%	73,067	-2.4%	1.17%	-10.4%
BP	Sell	BP PLC SPON ADR	$2,735,000	+8.3%	71,158	-2.4%	1.09%	+6.9%
TXN	Sell	TEXAS INSTRUMENTS	$2,471,000	+10.0%	27,570	-5.5%	0.98%	+8.6%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,376,000	-8.2%	24,106	-1.1%	0.94%	-9.4%
BAC	Sell	BANK OF AMERICA CORP	$2,318,000	+3.0%	91,470	-1.4%	0.92%	+1.8%
T	Sell	AT&T INC	$2,239,000	-24.1%	57,164	-26.9%	0.89%	-25.1%
JPM	Sell	JPMORGAN CHASE & CO	$2,065,000	-2.7%	21,623	-6.9%	0.82%	-4.0%
GWW	Buy	W W GRAINGER INCORP	$1,786,000	+4.7%	9,935	+5.1%	0.71%	+3.3%
ABT	Sell	ABBOTT LABORATORIES COM	$1,737,000	+5.4%	32,544	-4.0%	0.69%	+4.1%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$1,731,000	-5.2%	39,579	-6.8%	0.69%	-6.4%
WHR	Sell	WHIRLPOOL CORP	$1,725,000	-4.0%	9,352	-0.3%	0.69%	-5.2%
ENB	Sell	ENBRIDGE INC	$1,504,000	+3.2%	35,947	-1.8%	0.60%	+1.9%
C	Sell	CITIGROUP INC COM NEW	$1,437,000	+1.6%	19,750	-6.6%	0.57%	+0.4%
CAH	Buy	CARDINAL HEALTH INC COM	$1,385,000	-14.0%	20,703	+0.2%	0.55%	-15.1%
BAX	Sell	BAXTER INTERNATIONAL INC COM	$1,240,000	+0.3%	19,762	-3.2%	0.49%	-1.0%
CL	Sell	COLGATE PALMOLIVE	$1,184,000	-5.3%	16,256	-3.6%	0.47%	-6.5%
VZ	Sell	VERIZON COMMUNICATNS COM	$1,118,000	+10.0%	22,596	-0.7%	0.44%	+8.8%
A	Sell	AGILENT TECHNOLOGIES INC	$1,070,000	+3.0%	16,660	-4.9%	0.43%	+1.7%
PNW	Sell	PINNACLE WEST CAP CORP COM	$972,000	-6.4%	11,500	-5.7%	0.39%	-7.6%
KMI	Sell	KINDER MORGAN INC. DEL	$936,000	-2.9%	48,791	-3.0%	0.37%	-4.1%
HMC	Sell	HONDA MOTOR ADR NEW	$928,000	-17.6%	31,380	-23.7%	0.37%	-18.7%
ED	Sell	CONSOLIDATED EDISON INC	$836,000	-1.1%	10,360	-1.0%	0.33%	-2.1%
RDSA	Sell	ROYAL DUTCH SHELL PLC ADR CL A	$758,000	+5.4%	12,515	-7.4%	0.30%	+3.8%
WMT	Sell	WAL-MART STORES INC	$700,000	-2.6%	8,953	-5.8%	0.28%	-4.1%
BKR	New	BAKER HUGHES A GE CO CL A	$646,000	–	17,640	–	0.26%	–
MET	Sell	METLIFE INC COM	$605,000	-7.9%	11,650	-2.5%	0.24%	-9.1%
PM	Sell	PHILIP MORRIS INTL INC	$502,000	-7.6%	4,525	-2.2%	0.20%	-8.7%
CBI	Sell	CHICAGO BRDG &IRON CO NV	$392,000	-51.2%	23,325	-42.8%	0.16%	-51.9%
CSCO	Buy	CISCO SYSTEMS INC COM	$366,000	+22.4%	10,895	+14.1%	0.15%	+21.7%
GIS	New	GENERAL MILLS	$362,000	–	7,000	–	0.14%	–
BTI	New	BRITISH AMERN TOB PLC SPONSORE	$315,000	–	5,049	–	0.12%	–
ADNT	Sell	ADIENT PLC SHS	$283,000	+21.5%	3,370	-5.4%	0.11%	+20.2%
GSK	Sell	GLAXOSMITHKLINE PLC ADRadr	$217,000	-13.2%	5,350	-7.8%	0.09%	-14.9%
HRS	New	HARRIS CORPORATION	$211,000	–	1,600	–	0.08%	–
BSX	New	BOSTON SCIENTIFIC CO	$204,000	–	7,000	–	0.08%	–
AVP	Sell	AVON PROD INC	$26,000	-71.4%	11,326	-52.9%	0.01%	-73.0%
ERF	Exit	ENERPLUS CORP SHS	$0	–	-10,750	–	-0.04%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-11,784	–	-0.31%	–
BHI	Exit	BAKER HUGHES INC STK MGR EFFR	$0	–	-17,640	–	-0.39%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-39,464	–	-1.28%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-99,005	–	-2.52%	–

Q2 2017

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$9,615,000	–	77,795	–	3.87%	–
MMM	New	3M CO COM	$9,112,000	–	43,768	–	3.67%	–
CAT	New	CATERPILLAR INC COM	$8,356,000	–	77,761	–	3.37%	–
CBS	New	CBS CORP NEW CL B	$8,247,000	–	129,302	–	3.32%	–
JNJ	New	JOHNSON & JOHNSON COM	$7,686,000	–	58,101	–	3.10%	–
ALL	New	ALLSTATE CORP COM	$7,522,000	–	85,049	–	3.03%	–
GE	New	GENERAL ELEC CO COM	$7,491,000	–	277,355	–	3.02%	–
GT	New	GOODYEAR TIRE & RUBBER CO COM	$6,953,000	–	198,895	–	2.80%	–
MCD	New	MCDONALDS CORP COM	$6,809,000	–	44,460	–	2.74%	–
PG	New	PROCTER & GAMBLE CO COM	$6,691,000	–	76,779	–	2.70%	–
CVX	New	CHEVRON CORPORATION	$6,373,000	–	61,085	–	2.57%	–
DOW	New	DOW CHEMICAL CO	$6,244,000	–	99,005	–	2.52%	–
PFE	New	PFIZER INC COM	$6,152,000	–	183,163	–	2.48%	–
EMR	New	EMERSON ELEC CO COM	$6,098,000	–	102,278	–	2.46%	–
INTC	New	INTEL CORP COM	$5,965,000	–	176,786	–	2.40%	–
KO	New	COCA COLA CO COM	$5,207,000	–	116,087	–	2.10%	–
HSY	New	HERSHEY CO COM	$4,998,000	–	46,545	–	2.01%	–
MRK	New	MERCK & CO INC NEW COM	$4,761,000	–	74,284	–	1.92%	–
LMT	New	LOCKHEED MARTIN CORP COM	$4,585,000	–	16,515	–	1.85%	–
CMI	New	CUMMINS INC COM	$4,458,000	–	27,481	–	1.80%	–
FDX	New	FEDEX CORP COM	$4,323,000	–	19,894	–	1.74%	–
SO	New	SOUTHERN COMPANY	$4,173,000	–	87,160	–	1.68%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,168,000	–	27,095	–	1.68%	–
CLX	New	CLOROX CO COM	$4,082,000	–	30,639	–	1.64%	–
HAL	New	HALLIBURTON CO COM	$4,044,000	–	94,690	–	1.63%	–
DUK	New	DUKE ENERGY CORP	$4,012,000	–	47,991	–	1.62%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$3,955,000	–	70,973	–	1.59%	–
XOM	New	EXXON MOBIL CORPORATION	$3,879,000	–	48,053	–	1.56%	–
SLB	New	SCHLUMBERGER LTD COM	$3,783,000	–	57,455	–	1.52%	–
JCI	New	JOHNSON CTLS Intl	$3,245,000	–	74,840	–	1.31%	–
AXP	New	AMER EXPRESS COMPANY	$3,203,000	–	38,025	–	1.29%	–
DD	New	DU PONT E I DE NEMOURS	$3,185,000	–	39,464	–	1.28%	–
RTN	New	RAYTHEON COM NEW	$3,044,000	–	18,850	–	1.23%	–
WY	New	WEYERHAEUSER CO COM	$2,980,000	–	88,956	–	1.20%	–
T	New	AT&T INC COM	$2,950,000	–	78,181	–	1.19%	–
MO	New	ALTRIA GROUP INC	$2,661,000	–	35,738	–	1.07%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,589,000	–	24,366	–	1.04%	–
BP	New	BP PLC SPON ADR	$2,526,000	–	72,903	–	1.02%	–
LLY	New	LILLY ELI & CO COM	$2,365,000	–	28,740	–	0.95%	–
BAC	New	BANK OF AMERICA CORP	$2,250,000	–	92,740	–	0.91%	–
TXN	New	TEXAS INSTRUMENTS	$2,246,000	–	29,190	–	0.90%	–
LNC	New	LINCOLN NATIONAL CO	$2,136,000	–	31,600	–	0.86%	–
JPM	New	JPMORGAN CHASE & CO	$2,123,000	–	23,223	–	0.86%	–
ABBV	New	ABBVIE INC COM	$2,034,000	–	28,048	–	0.82%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,825,000	–	42,479	–	0.74%	–
WHR	New	WHIRLPOOL CORP	$1,797,000	–	9,377	–	0.72%	–
GWW	New	GRAINGER W W INCORPORATED	$1,706,000	–	9,450	–	0.69%	–
ABT	New	ABBOTT LABORATORIES COM	$1,648,000	–	33,894	–	0.66%	–
CAH	New	CARDINAL HEALTH INC COM	$1,610,000	–	20,660	–	0.65%	–
ENB	New	ENBRIDGE INC COM	$1,457,000	–	36,598	–	0.59%	–
C	New	CITIGROUP INC COM NEW	$1,415,000	–	21,150	–	0.57%	–
CL	New	COLGATE PALMOLIVE	$1,250,000	–	16,856	–	0.50%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$1,236,000	–	20,412	–	0.50%	–
HOG	New	HARLEY DAVIDSON INC	$1,136,000	–	21,025	–	0.46%	–
HMC	New	HONDA MOTOR ADR NEW	$1,126,000	–	41,110	–	0.45%	–
PNW	New	PINNACLE WEST CAP CORP COM	$1,039,000	–	12,200	–	0.42%	–
A	New	AGILENT TECHNOLOGIES INCORPORA	$1,039,000	–	17,510	–	0.42%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,016,000	–	22,746	–	0.41%	–
KMI	New	KINDER MORGAN INC. DEL	$964,000	–	50,316	–	0.39%	–
BHI	New	BAKER HUGHES INC STK MGR EFFR	$962,000	–	17,640	–	0.39%	–
AAPL	New	APPLE INC	$956,000	–	6,639	–	0.38%	–
ED	New	CONSOLIDATED EDISON INC	$845,000	–	10,460	–	0.34%	–
CBI	New	CHICAGO BRDG & IRON CO N V N Y	$804,000	–	40,775	–	0.32%	–
RAI	New	REYNOLDS AMERICAN INC	$766,000	–	11,784	–	0.31%	–
WMT	New	WAL-MART STORES INC	$719,000	–	9,503	–	0.29%	–
RDSA	New	ROYAL DUTCH SHELL PLC ADR CL A	$719,000	–	13,515	–	0.29%	–
TM	New	TOYOTA MOTOR CORP ADR	$689,000	–	6,565	–	0.28%	–
MET	New	METLIFE INC COM	$657,000	–	11,950	–	0.26%	–
HRL	New	HORMEL FOODS CORP	$652,000	–	19,100	–	0.26%	–
FLEX	New	FLEX LTD	$647,000	–	39,650	–	0.26%	–
ITW	New	ILLINOIS TOOL WORKS INC	$622,000	–	4,345	–	0.25%	–
AEP	New	AMERICAN ELECTRIC POWER CO	$620,000	–	8,920	–	0.25%	–
PM	New	PHILIP MORRIS INTL INC	$543,000	–	4,625	–	0.22%	–
ROK	New	ROCKWELL AUTOMATION	$486,000	–	3,000	–	0.20%	–
PEP	New	PEPSICO INC	$462,000	–	4,003	–	0.19%	–
COST	New	COSTCO WHOLESALE CRP DEL	$440,000	–	2,750	–	0.18%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$419,000	–	7,800	–	0.17%	–
NOC	New	NORTHROP GRUMMAN CO	$411,000	–	1,600	–	0.17%	–
TMK	New	TORCHMARK CORP	$379,000	–	4,950	–	0.15%	–
SCG	New	SCANA CORP NEW COM	$355,000	–	5,300	–	0.14%	–
HD	New	HOME DEPOT INC	$352,000	–	2,296	–	0.14%	–
BBT	New	BB&T CORPORATION	$332,000	–	7,309	–	0.13%	–
COP	New	CONOCOPHILLIPS	$332,000	–	7,558	–	0.13%	–
COL	New	ROCKWELL COLLINS INC	$315,000	–	3,000	–	0.13%	–
CSCO	New	CISCO SYSTEMS INCORPORATED	$299,000	–	9,545	–	0.12%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$297,000	–	3,473	–	0.12%	–
KMB	New	KIMBERLY CLARK CORP COM	$293,000	–	2,273	–	0.12%	–
BA	New	BOEING COMPANY	$270,000	–	1,366	–	0.11%	–
LOW	New	LOWE'S COMPANIES INC	$267,000	–	3,450	–	0.11%	–
SPY	New	SPDR S&P 500 ETF	$263,000	–	1,089	–	0.11%	–
GS	New	GOLDMAN SACHS GROUP INC	$252,000	–	1,135	–	0.10%	–
GSK	New	GLAXOSMITHKLINE PLCadr	$250,000	–	5,800	–	0.10%	–
PCAR	New	PACCAR INC	$249,000	–	3,775	–	0.10%	–
EMN	New	EASTMAN CHEMICAL CO	$248,000	–	2,950	–	0.10%	–
EBAY	New	EBAY INC	$244,000	–	7,000	–	0.10%	–
ADNT	New	ADIENT PLC SHS	$233,000	–	3,562	–	0.09%	–
VMC	New	VULCAN MATERIALS CO	$231,000	–	1,824	–	0.09%	–
GLW	New	CORNING INC	$230,000	–	7,650	–	0.09%	–
CINF	New	CINCINNATI FINANCIAL	$208,000	–	2,867	–	0.08%	–
MTW	New	MANITOWOC CO INC WIS	$172,000	–	28,575	–	0.07%	–
AVP	New	AVON PROD INC	$91,000	–	24,026	–	0.04%	–
ERF	New	ENERPLUS CORP SHS	$87,000	–	10,750	–	0.04%	–
	New	Smurfit Stone	$0	–	15,500	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
	Exit	Smurfit Stone	$0	–	-15,500	–	0.00%	–
AVP	Exit	AVON PROD INC	$0	–	-24,326	–	-0.04%	–
ERF	Exit	ENERPLUS CORP SHS	$0	–	-17,500	–	-0.05%	–
MTW	Exit	MANITOWOC CO INC WIS	$0	–	-21,805	–	-0.05%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-2,950	–	-0.09%	–
SPY	Exit	SPDR S&P 500 ETF	$0	–	-984	–	-0.09%	–
PCAR	Exit	PACCAR INC	$0	–	-4,025	–	-0.09%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-1,824	–	-0.10%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,485	–	-0.10%	–
GLW	Exit	CORNING INC	$0	–	-10,950	–	-0.10%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-3,510	–	-0.11%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-5,300	–	-0.11%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-3,000	–	-0.11%	–
SHPG	Exit	SHIRE LIMITED AMERICAN DEPOSIT	$0	–	-1,400	–	-0.11%	–
GSK	Exit	GLAXOSMITHKLINE PLC ADRadr	$0	–	-5,950	–	-0.11%	–
BBT	Exit	BB&T CORPORATION	$0	–	-7,309	–	-0.12%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,650	–	-0.13%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,296	–	-0.13%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-8,200	–	-0.13%	–
CINF	Exit	CINCINNATI FINANCIAL	$0	–	-4,092	–	-0.14%	–
TMK	Exit	TORCHMARK CORP	$0	–	-4,950	–	-0.14%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-3,573	–	-0.14%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,458	–	-0.14%	–
KMB	Exit	KIMBERLY-CLARK CORP	$0	–	-2,373	–	-0.14%	–
JCPNQ	Exit	PENNEY J C INC COM	$0	–	-37,150	–	-0.15%	–
ROK	Exit	ROCKWELL AUTOMATION	$0	–	-3,000	–	-0.15%	–
MFS	Exit	MANITOWOC FOODSVC INC MANITO	$0	–	-21,805	–	-0.17%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,650	–	-0.18%	–
SCG	Exit	SCANA CORP NEW COM	$0	–	-5,748	–	-0.19%	–
PEP	Exit	PEPSICO INC	$0	–	-4,206	–	-0.20%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,380	–	-0.20%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-2,100	–	-0.21%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-5,038	–	-0.23%	–
FLEX	Exit	FLEX LTD	$0	–	-53,800	–	-0.28%	–
RAI	Exit	REYNOLDS AMERICAN	$0	–	-11,784	–	-0.28%	–
AAPL	Exit	APPLE INC	$0	–	-6,769	–	-0.29%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,903	–	-0.29%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-9,620	–	-0.30%	–
GAS	Exit	AGL RES CASH MGR EFF 7/1/16 66	$0	–	-10,468	–	-0.30%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-6,965	–	-0.31%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-19,100	–	-0.31%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-18,410	–	-0.36%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-45,576	–	-0.38%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-19,115	–	-0.38%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-20,580	–	-0.38%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-11,710	–	-0.42%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-22,025	–	-0.44%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONSORE	$0	–	-18,973	–	-0.46%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-23,837	–	-0.48%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-13,425	–	-0.48%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-42,985	–	-0.48%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-44,529	–	-0.50%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-20,551	–	-0.51%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-6,970	–	-0.51%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-16,856	–	-0.54%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-93,240	–	-0.55%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-31,539	–	-0.55%	–
LNC	Exit	LINCOLN NATIONAL CO	$0	–	-32,600	–	-0.56%	–
CBI	Exit	CHICAGO BRDG & IRON CO N V N Y	$0	–	-40,575	–	-0.62%	–
SE	Exit	SPECTRA ENERGY CORP COM	$0	–	-39,596	–	-0.64%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-24,163	–	-0.66%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-20,612	–	-0.71%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-28,468	–	-0.78%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-31,570	–	-0.87%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-37,260	–	-1.00%	–
LLY	Exit	LILLY ELI & CO COM	$0	–	-28,740	–	-1.00%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-25,166	–	-1.09%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,250	–	-1.10%	–
WY	Exit	WEYERHAEUSER CO COM	$0	–	-85,886	–	-1.13%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-37,675	–	-1.15%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-40,534	–	-1.16%	–
FDX	Exit	FEDEX CORP COM	$0	–	-20,402	–	-1.37%	–
CMI	Exit	CUMMINS INC COM	$0	–	-27,874	–	-1.38%	–
BP	Exit	BP PLC SPON ADR	$0	–	-93,323	–	-1.46%	–
T	Exit	AT&T INC COM	$0	–	-86,311	–	-1.65%	–
JCI	Exit	JOHNSON CONTROLS INC XXX MANDA	$0	–	-89,665	–	-1.75%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-16,765	–	-1.84%	–
DUK	Exit	DUKE ENERGY CORP	$0	–	-48,887	–	-1.85%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-93,014	–	-1.86%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-45,467	–	-1.88%	–
CLX	Exit	CLOROX CO COM	$0	–	-30,994	–	-1.89%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-75,209	–	-1.91%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-28,575	–	-1.91%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-55,645	–	-1.94%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-87,925	–	-2.08%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-66,473	–	-2.16%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-99,025	–	-2.17%	–
KO	Exit	COCA COLA CO COM	$0	–	-114,767	–	-2.30%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO COM	$0	–	-206,695	–	-2.34%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-45,385	–	-2.41%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-105,735	–	-2.43%	–
INTC	Exit	INTEL CORP COM	$0	–	-175,031	–	-2.53%	–
HSY	Exit	HERSHEY CO	$0	–	-52,145	–	-2.61%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-78,373	–	-2.62%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-86,369	–	-2.67%	–
PFE	Exit	PFIZER INC COM	$0	–	-176,130	–	-2.74%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-73,544	–	-2.75%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-61,230	–	-2.83%	–
DE	Exit	DEERE & CO COM	$0	–	-79,927	–	-2.86%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-57,582	–	-3.08%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-130,452	–	-3.14%	–
MMM	Exit	3M CO COM	$0	–	-43,575	–	-3.37%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-275,937	–	-3.84%	–

Q3 2016

			Value		Shares		↓ Weighting
GE	Sell	GENERAL ELEC CO COM	$8,687,000	-1.1%	275,937	-1.1%	3.84%	-0.4%
MMM	Sell	3M CO COM	$7,631,000	-0.8%	43,575	-0.8%	3.37%	-0.2%
CBS	Sell	CBS CORP NEW CL B	$7,102,000	-1.6%	130,452	-1.6%	3.14%	-0.9%
JNJ	Sell	JOHNSON & JOHNSON COM	$6,985,000	-0.8%	57,582	-0.8%	3.08%	-0.2%
DE	Sell	DEERE & CO COM	$6,477,000	-1.0%	79,927	-1.0%	2.86%	-0.3%
PG	Sell	PROCTER & GAMBLE CO COM	$6,227,000	-0.7%	73,544	-0.7%	2.75%	+0.0%
PFE	Sell	PFIZER INC COM	$6,202,000	-0.6%	176,130	-0.6%	2.74%	+0.1%
ALL	Sell	ALLSTATE CORP COM	$6,042,000	-0.3%	86,369	-0.3%	2.67%	+0.3%
CAT	Sell	CATERPILLAR INC COM	$5,941,000	-1.1%	78,373	-1.1%	2.62%	-0.5%
HSY	Sell	HERSHEY CO	$5,918,000	-1.0%	52,145	-0.9%	2.61%	-0.3%
INTC	Sell	INTEL CORP COM	$5,741,000	-0.6%	175,031	-0.6%	2.53%	+0.1%
EMR	Sell	EMERSON ELEC CO COM	$5,515,000	-0.1%	105,735	-0.1%	2.43%	+0.5%
MCD	Sell	MCDONALDS CORP COM	$5,462,000	-0.1%	45,385	-0.1%	2.41%	+0.5%
GT	Sell	GOODYEAR TIRE & RUBBER CO COM	$5,304,000	-1.4%	206,695	-1.4%	2.34%	-0.8%
KO	Sell	COCA COLA CO COM	$5,202,000	-1.1%	114,767	-1.1%	2.30%	-0.4%
DOW	Sell	DOW CHEMICAL CO	$4,923,000	-2.6%	99,025	-2.7%	2.17%	-2.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$4,889,000	-2.1%	66,473	-2.1%	2.16%	-1.4%
SO	Sell	SOUTHERN COMPANY	$4,715,000	-1.6%	87,925	-1.6%	2.08%	-1.0%
SLB	Sell	SCHLUMBERGER LTD COM	$4,400,000	-0.9%	55,645	-0.9%	1.94%	-0.3%
IBM	Sell	INTERNATIONAL BUSINESS MACHS C	$4,337,000	-0.2%	28,575	-0.2%	1.91%	+0.5%
MRK	Sell	MERCK AND CO INC SHS	$4,333,000	-0.2%	75,209	-0.2%	1.91%	+0.5%
HAL	Sell	HALLIBURTON CO COM	$4,213,000	-1.2%	93,014	-1.2%	1.86%	-0.5%
JCI	Sell	JOHNSON CONTROLS INC XXX MANDA	$3,969,000	-0.2%	89,665	-0.2%	1.75%	+0.5%
T	Sell	AT&T INC COM	$3,729,000	-0.9%	86,311	-0.9%	1.65%	-0.2%
DD	Sell	DU PONT E I DE NEMOURS	$2,627,000	-1.4%	40,534	-1.5%	1.16%	-0.7%
WY	Sell	WEYERHAEUSER CO COM	$2,557,000	-0.3%	85,886	-0.3%	1.13%	+0.4%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,462,000	-0.4%	25,166	-0.4%	1.09%	+0.3%
TXN	Sell	TEXAS INSTRUMENTS	$1,978,000	-0.6%	31,570	-0.6%	0.87%	+0.1%
ABBV	Sell	ABBVIE INC COM	$1,762,000	-0.5%	28,468	-0.5%	0.78%	+0.3%
CAH	Sell	CARDINAL HEALTH INC COM	$1,608,000	-2.8%	20,612	-2.8%	0.71%	-2.2%
CBI	Sell	CHICAGO BRDG & IRON CO N V N Y	$1,405,000	-1.2%	40,575	-1.2%	0.62%	-0.5%
ABT	Sell	ABBOTT LABORATORIES COM	$1,240,000	-0.4%	31,539	-0.4%	0.55%	+0.2%
BAC	Sell	BANK OF AMERICA CORP	$1,237,000	-2.1%	93,240	-2.1%	0.55%	-1.4%
WHR	Sell	WHIRLPOOL CORP	$1,161,000	-2.8%	6,970	-2.8%	0.51%	-2.3%
HMC	Sell	HONDA MOTOR ADR NEW	$1,089,000	-0.5%	42,985	-0.4%	0.48%	+0.2%
COST	Sell	COSTCO WHOLESALE CRP DEL	$416,000	-10.2%	2,650	-10.2%	0.18%	-9.4%
SHPG	Sell	SHIRE LIMITED AMERICAN DEPOSIT	$258,000	-5.1%	1,400	-5.2%	0.11%	-4.2%
AVP	Sell	AVON PROD INC	$92,000	-3.2%	24,326	-2.8%	0.04%	-2.4%

Q2 2016

			Value		Shares		↓ Weighting
GE	New	GENERAL ELEC CO COM	$8,781,000	–	278,937	–	3.85%	–
MMM	New	3M CO COM	$7,696,000	–	43,945	–	3.37%	–
CBS	New	CBS CORP NEW CL B	$7,216,000	–	132,552	–	3.16%	–
JNJ	New	JOHNSON & JOHNSON COM	$7,044,000	–	58,072	–	3.09%	–
DE	New	DEERE & CO COM	$6,542,000	–	80,727	–	2.87%	–
CVX	New	CHEVRON CORPORATION	$6,419,000	–	61,230	–	2.81%	–
PG	New	PROCTER & GAMBLE CO COM	$6,269,000	–	74,044	–	2.75%	–
PFE	New	PFIZER INC COM	$6,241,000	–	177,253	–	2.74%	–
ALL	New	ALLSTATE CORP COM	$6,063,000	–	86,669	–	2.66%	–
CAT	New	CATERPILLAR INC COM	$6,009,000	–	79,263	–	2.63%	–
HSY	New	HERSHEY CO	$5,975,000	–	52,645	–	2.62%	–
INTC	New	INTEL CORP COM	$5,774,000	–	176,031	–	2.53%	–
EMR	New	EMERSON ELEC CO COM	$5,522,000	–	105,875	–	2.42%	–
MCD	New	MCDONALDS CORP COM	$5,469,000	–	45,450	–	2.40%	–
GT	New	GOODYEAR TIRE & RUBBER CO COM	$5,381,000	–	209,695	–	2.36%	–
KO	New	COCA COLA CO COM	$5,260,000	–	116,037	–	2.31%	–
DOW	New	DOW CHEMICAL CO	$5,057,000	–	101,725	–	2.22%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$4,992,000	–	67,873	–	2.19%	–
SO	New	SOUTHERN COMPANY	$4,793,000	–	89,375	–	2.10%	–
SLB	New	SCHLUMBERGER LTD COM	$4,440,000	–	56,145	–	1.95%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,346,000	–	28,635	–	1.90%	–
MRK	New	MERCK AND CO INC SHS	$4,342,000	–	75,369	–	1.90%	–
CLX	New	CLOROX CO COM	$4,289,000	–	30,994	–	1.88%	–
HAL	New	HALLIBURTON CO COM	$4,265,000	–	94,164	–	1.87%	–
XOM	New	EXXON MOBIL CORP COM	$4,262,000	–	45,467	–	1.87%	–
DUK	New	DUKE ENERGY CORP NEW	$4,194,000	–	48,887	–	1.84%	–
LMT	New	LOCKHEED MARTIN CORP COM	$4,161,000	–	16,765	–	1.82%	–
JCI	New	JOHNSON CONTROLS INC	$3,978,000	–	89,875	–	1.74%	–
T	New	AT&T INC COM	$3,764,000	–	87,111	–	1.65%	–
BP	New	BP PLC SPON ADR	$3,314,000	–	93,323	–	1.45%	–
CMI	New	CUMMINS INC COM	$3,134,000	–	27,874	–	1.37%	–
FDX	New	FEDEX CORP COM	$3,097,000	–	20,402	–	1.36%	–
DD	New	DU PONT E I DE NEMOURS	$2,665,000	–	41,134	–	1.17%	–
MO	New	ALTRIA GROUP INC	$2,598,000	–	37,675	–	1.14%	–
WY	New	WEYERHAEUSER CO COM	$2,564,000	–	86,126	–	1.12%	–
RTN	New	RAYTHEON COM NEW	$2,481,000	–	18,250	–	1.09%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,472,000	–	25,266	–	1.08%	–
AXP	New	AMER EXPRESS COMPANY	$2,264,000	–	37,260	–	0.99%	–
LLY	New	LILLY ELI & CO COM	$2,263,000	–	28,740	–	0.99%	–
TXN	New	TEXAS INSTRUMENTS	$1,990,000	–	31,770	–	0.87%	–
ABBV	New	ABBVIE INC COM	$1,771,000	–	28,603	–	0.78%	–
CAH	New	CARDINAL HEALTH INC COM	$1,655,000	–	21,212	–	0.73%	–
JPM	New	JPMORGAN CHASE & CO	$1,501,000	–	24,163	–	0.66%	–
SE	New	SPECTRA ENERGY CORP COM	$1,450,000	–	39,596	–	0.64%	–
CBI	New	CHICAGO BRDG & IRON CO N V N Y	$1,422,000	–	41,075	–	0.62%	–
BAC	New	BANK OF AMERICA CORP	$1,264,000	–	95,240	–	0.55%	–
LNC	New	LINCOLN NATIONAL CORP	$1,264,000	–	32,600	–	0.55%	–
ABT	New	ABBOTT LABORATORIES COM	$1,245,000	–	31,674	–	0.55%	–
CL	New	COLGATE PALMOLIVE	$1,234,000	–	16,856	–	0.54%	–
WHR	New	WHIRLPOOL CORP	$1,195,000	–	7,170	–	0.52%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,148,000	–	20,551	–	0.50%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,127,000	–	44,529	–	0.49%	–
HMC	New	HONDA MOTOR ADR NEW	$1,094,000	–	43,175	–	0.48%	–
PNW	New	PINNACLE WEST CAP CORP COM	$1,088,000	–	13,425	–	0.48%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$1,078,000	–	23,837	–	0.47%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONSORE	$1,047,000	–	18,973	–	0.46%	–
HOG	New	HARLEY DAVIDSON INC	$998,000	–	22,025	–	0.44%	–
ED	New	CONSOLIDATED EDISON INC	$942,000	–	11,710	–	0.41%	–
C	New	CITIGROUP INC COM NEW	$872,000	–	20,580	–	0.38%	–
BHI	New	BAKER HUGHES INC COM	$863,000	–	19,115	–	0.38%	–
KMI	New	KINDER MORGAN INC. DEL	$853,000	–	45,576	–	0.37%	–
A	New	AGILENT TECHNOLOGIES INC	$817,000	–	18,410	–	0.36%	–
HRL	New	HORMEL FOODS CORP	$699,000	–	19,100	–	0.31%	–
TM	New	TOYOTA MOTOR CORP ADR	$696,000	–	6,965	–	0.30%	–
GAS	New	AGL RES CASH MGR EFF 7/1/16 66	$691,000	–	10,468	–	0.30%	–
AEP	New	AMN ELEC POWER CO	$674,000	–	9,620	–	0.30%	–
WMT	New	WAL-MART STORES INC	$650,000	–	8,903	–	0.28%	–
AAPL	New	APPLE INC	$647,000	–	6,769	–	0.28%	–
RAI	New	REYNOLDS AMERICAN INC	$636,000	–	11,784	–	0.28%	–
FLEX	New	FLEXTRONICS INTL LTD	$635,000	–	53,800	–	0.28%	–
PM	New	PHILIP MORRIS INTL INC	$512,000	–	5,038	–	0.22%	–
NOC	New	NORTHROP GRUMMAN CORP	$467,000	–	2,100	–	0.20%	–
COST	New	COSTCO WHOLESALE CRP DEL	$463,000	–	2,950	–	0.20%	–
ITW	New	ILLINOIS TOOL WORKS INC	$456,000	–	4,380	–	0.20%	–
PEP	New	PEPSICO INC	$446,000	–	4,206	–	0.20%	–
SCG	New	SCANA CORP NEW COM	$435,000	–	5,748	–	0.19%	–
MFS	New	MANITOWOC FOODSVC INC MANITO	$384,000	–	21,805	–	0.17%	–
ROK	New	ROCKWELL AUTOMATION INC	$344,000	–	3,000	–	0.15%	–
JCPNQ	New	PENNEY J C INC COM	$330,000	–	37,150	–	0.14%	–
KMB	New	KIMBERLY CLARK CORP COM	$326,000	–	2,373	–	0.14%	–
COP	New	CONOCOPHILLIPS	$325,000	–	7,458	–	0.14%	–
KHC	New	KRAFT (THE) HEINZ CO SHS	$316,000	–	3,573	–	0.14%	–
TMK	New	TORCHMARK CORP	$306,000	–	4,950	–	0.13%	–
CINF	New	CINN FINCL CRP OHIO	$306,000	–	4,092	–	0.13%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$299,000	–	8,200	–	0.13%	–
HD	New	HOME DEPOT INC	$293,000	–	2,296	–	0.13%	–
LOW	New	LOWE'S COMPANIES INC	$289,000	–	3,650	–	0.13%	–
SHPG	New	SHIRE LIMITED AMERICAN DEPOSIT	$272,000	–	1,477	–	0.12%	–
BBT	New	BB&T CORP	$260,000	–	7,309	–	0.11%	–
GSK	New	GLAXOSMITHKLINE PLC ADRadr	$258,000	–	5,950	–	0.11%	–
COL	New	ROCKWELL COLLINS INC	$255,000	–	3,000	–	0.11%	–
CAG	New	CONAGRA FOODS INC	$253,000	–	5,300	–	0.11%	–
GIS	New	GENERAL MILLS INC	$250,000	–	3,510	–	0.11%	–
GLW	New	CORNING INC	$224,000	–	10,950	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$221,000	–	1,485	–	0.10%	–
VMC	New	VULCAN MATERIALS CO	$220,000	–	1,824	–	0.10%	–
PCAR	New	PACCAR INC	$209,000	–	4,025	–	0.09%	–
SPY	New	SPDR S&P 500 ETF TRUST	$206,000	–	984	–	0.09%	–
EMN	New	EASTMAN CHEMICAL CO	$200,000	–	2,950	–	0.09%	–
MTW	New	MANITOWOC CO INC WIS	$119,000	–	21,805	–	0.05%	–
ERF	New	ENERPLUS CORP SHS	$115,000	–	17,500	–	0.05%	–
AVP	New	AVON PROD INC	$95,000	–	25,026	–	0.04%	–
	New	Smurfit Stone	$0	–	15,500	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
ERF	Exit	ENERPLUS CORP SHS	$0	–	-13,867	–	-0.03%	–
AVP	Exit	AVON PROD INC	$0	–	-43,017	–	-0.06%	–
EBAY	Exit	EBAY INC COM	$0	–	-8,200	–	-0.09%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-5,300	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,285	–	-0.10%	–
BA	Exit	BOEING CO COM	$0	–	-1,768	–	-0.10%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-5,638	–	-0.10%	–
GSK	Exit	GLAXOSMITHKLINE PLC SPONS ADRadr	$0	–	-6,305	–	-0.11%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-3,000	–	-0.11%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-3,850	–	-0.11%	–
LOW	Exit	LOWE'S COMPANIES INC	$0	–	-3,650	–	-0.11%	–
PYPL	Exit	PAYPAL HOLDINGS INC SHS	$0	–	-8,200	–	-0.11%	–
BBT	Exit	BB&T CORP	$0	–	-7,309	–	-0.11%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,296	–	-0.12%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,433	–	-0.12%	–
KHC	Exit	KRAFT (THE) HEINZ CO SHS	$0	–	-3,973	–	-0.12%	–
TMK	Exit	TORCHMARK CORP	$0	–	-5,400	–	-0.13%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-3,000	–	-0.13%	–
SCG	Exit	SCANA CORP NEW	$0	–	-5,748	–	-0.14%	–
MTW	Exit	MANITOWOC CO INC WIS	$0	–	-21,705	–	-0.14%	–
JCPNQ	Exit	PENNEY J C INC COM	$0	–	-37,150	–	-0.15%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-2,100	–	-0.15%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,758	–	-0.16%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,614	–	-0.17%	–
PCAR	Exit	PACCAR INC	$0	–	-7,625	–	-0.17%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-2,950	–	-0.19%	–
CINF	Exit	CINN FINCL CRP OHIO	$0	–	-8,192	–	-0.19%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-5,597	–	-0.19%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-10,200	–	-0.20%	–
PEP	Exit	PEPSICO INC	$0	–	-4,795	–	-0.20%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,207	–	-0.23%	–
BXLT	Exit	BAXALTA INC COM	$0	–	-17,012	–	-0.23%	–
FLEX	Exit	FLEXTRONICS INTL LTD	$0	–	-56,800	–	-0.26%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-10,720	–	-0.27%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC ADR CL A	$0	–	-14,904	–	-0.31%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-11,300	–	-0.31%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-22,197	–	-0.32%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-22,080	–	-0.33%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-12,060	–	-0.35%	–
GAS	Exit	AGL RESOURCES INC COM	$0	–	-14,768	–	-0.39%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-14,225	–	-0.40%	–
KMI	Exit	KINDER MORGAN INC. DEL	$0	–	-34,352	–	-0.42%	–
VZ	Exit	VERIZON COMMUNICATNS	$0	–	-22,911	–	-0.44%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-6,990	–	-0.45%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-39,281	–	-0.45%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-17,256	–	-0.48%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-21,700	–	-0.52%	–
AAPL	Exit	APPLE INC	$0	–	-11,614	–	-0.56%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-24,690	–	-0.56%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-45,295	–	-0.59%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-47,404	–	-0.59%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-32,600	–	-0.68%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-28,703	–	-0.68%	–
GLW	Exit	CORNING INC	$0	–	-94,120	–	-0.70%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-21,558	–	-0.72%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-14,200	–	-0.73%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-35,530	–	-0.77%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-45,974	–	-0.81%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,250	–	-0.87%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-128,860	–	-0.88%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-38,625	–	-0.92%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-37,736	–	-1.00%	–
CBI	Exit	CHICAGO BRDG & IRON CO N V N Y	$0	–	-61,925	–	-1.07%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-50,295	–	-1.09%	–
LLY	Exit	LILLY ELI & CO	$0	–	-30,340	–	-1.11%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-56,359	–	-1.18%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-77,230	–	-1.33%	–
T	Exit	AT&T INC COM	$0	–	-95,261	–	-1.35%	–
BP	Exit	BP PLC SPON ADR	$0	–	-101,668	–	-1.36%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-43,895	–	-1.42%	–
CMI	Exit	CUMMINS INC COM	$0	–	-30,416	–	-1.44%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-16,590	–	-1.50%	–
CLX	Exit	CLOROX CO COM	$0	–	-31,664	–	-1.60%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-74,202	–	-1.60%	–
FDX	Exit	FEDEX CORP COM	$0	–	-26,061	–	-1.64%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-36,862	–	-1.64%	–
SO	Exit	SOUTHERN CO	$0	–	-89,947	–	-1.75%	–
XOM	Exit	EXXON MOBIL CORPORATION	$0	–	-54,140	–	-1.76%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-70,383	–	-1.82%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-118,126	–	-1.82%	–
DUK	Exit	DUKE ENERGY CORP NEW COM	$0	–	-60,711	–	-1.90%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-30,540	–	-1.93%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-65,110	–	-1.96%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-114,825	–	-2.07%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-116,450	–	-2.15%	–
MCD	Exit	MCDONALDS CORP	$0	–	-54,757	–	-2.35%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-122,524	–	-2.36%	–
KO	Exit	COCA COLA CO COM	$0	–	-135,846	–	-2.38%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-58,739	–	-2.39%	–
HSY	Exit	HERSHEY CO	$0	–	-59,840	–	-2.40%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-71,113	–	-2.45%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-78,127	–	-2.45%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-87,930	–	-2.51%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-100,111	–	-2.54%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-150,150	–	-2.61%	–
INTC	Exit	INTEL CORP COM	$0	–	-201,572	–	-2.65%	–
PFE	Exit	PFIZER INC COM	$0	–	-196,759	–	-2.70%	–
DE	Exit	DEERE & CO COM	$0	–	-89,915	–	-2.90%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO	$0	–	-231,925	–	-2.97%	–
MMM	Exit	3M CO COM	$0	–	-52,749	–	-3.26%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-316,943	–	-3.49%	–

Q3 2015

			Value		Shares		↓ Weighting
GE	Buy	GENERAL ELEC CO COM	$7,993,000	-4.2%	316,943	+1.0%	3.49%	+7.2%
MMM	Buy	3M CO COM	$7,478,000	-7.5%	52,749	+0.7%	3.26%	+3.5%
GT	Sell	GOODYEAR TIRE & RUBBER CO	$6,802,000	-4.4%	231,925	-1.7%	2.97%	+6.9%
DE	Sell	DEERE & CO COM	$6,654,000	-24.2%	89,915	-0.6%	2.90%	-15.3%
PFE	Sell	PFIZER INC COM	$6,180,000	-6.5%	196,759	-0.2%	2.70%	+4.5%
INTC	Buy	INTEL CORP COM	$6,075,000	+1.0%	201,572	+2.0%	2.65%	+13.0%
CBS	Sell	CBS CORP NEW CL B	$5,991,000	-29.1%	150,150	-1.4%	2.61%	-20.7%
ALL	Buy	ALLSTATE CORP COM	$5,830,000	-9.5%	100,111	+0.8%	2.54%	+1.2%
CAT	Buy	CATERPILLAR INC COM	$5,747,000	-21.7%	87,930	+1.6%	2.51%	-12.5%
PG	Buy	PROCTER & GAMBLE CO COM	$5,620,000	-4.4%	78,127	+3.9%	2.45%	+6.8%
CVX	Buy	CHEVRON CORPORATION	$5,609,000	-11.1%	71,113	+8.7%	2.45%	-0.6%
HSY	Sell	HERSHEY CO	$5,498,000	+2.7%	59,840	-0.7%	2.40%	+14.8%
JNJ	Buy	JOHNSON & JOHNSON COM	$5,483,000	-2.4%	58,739	+1.9%	2.39%	+9.2%
KO	Buy	COCA COLA CO COM	$5,450,000	+2.3%	135,846	+0.1%	2.38%	+14.4%
EMR	Buy	EMERSON ELEC CO COM	$5,412,000	-17.7%	122,524	+3.3%	2.36%	-7.9%
MCD	Sell	MCDONALDS CORP	$5,395,000	+2.3%	54,757	-1.3%	2.35%	+14.3%
DOW	Buy	DOW CHEMICAL CO	$4,937,000	-16.3%	116,450	+1.1%	2.15%	-6.3%
JCI	Buy	JOHNSON CONTROLS INC	$4,749,000	-16.3%	114,825	+0.3%	2.07%	-6.4%
SLB	Sell	SCHLUMBERGER LTD	$4,491,000	-20.8%	65,110	-1.0%	1.96%	-11.4%
IBM	Buy	INTERNATIONAL BUSINESS MACHS C	$4,427,000	-9.1%	30,540	+2.0%	1.93%	+1.6%
DUK	Sell	DUKE ENERGY CORP NEW COM	$4,367,000	+1.6%	60,711	-0.2%	1.90%	+13.6%
HAL	Buy	HALLIBURTON CO COM	$4,176,000	-16.5%	118,126	+1.7%	1.82%	-6.6%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$4,167,000	-13.8%	70,383	-3.1%	1.82%	-3.6%
XOM	Buy	EXXON MOBIL CORPORATION	$4,025,000	-2.8%	54,140	+8.7%	1.76%	+8.7%
SO	Sell	SOUTHERN CO	$4,021,000	-9.0%	89,947	-14.7%	1.75%	+1.7%
DIS	Sell	DISNEY (WALT) CO COM STK	$3,767,000	-11.3%	36,862	-1.0%	1.64%	-0.8%
FDX	Sell	FEDEX CORP COM	$3,752,000	-16.1%	26,061	-0.7%	1.64%	-6.2%
MRK	Buy	MERCK AND CO INC SHS	$3,665,000	-12.8%	74,202	+0.5%	1.60%	-2.4%
LMT	Buy	LOCKHEED MARTIN CORP	$3,439,000	+14.1%	16,590	+2.3%	1.50%	+27.6%
CMI	Buy	CUMMINS INC COM	$3,303,000	-17.2%	30,416	+0.0%	1.44%	-7.5%
AXP	Buy	AMER EXPRESS COMPANY	$3,254,000	-2.7%	43,895	+2.0%	1.42%	+8.7%
BP	Buy	BP PLC SPON ADR	$3,107,000	-21.0%	101,668	+3.3%	1.36%	-11.7%
T	Sell	AT&T INC COM	$3,104,000	-8.9%	95,261	-0.7%	1.35%	+1.9%
PCL	Buy	PLUM CREEK TIMBER CO INC	$3,051,000	-1.0%	77,230	+1.7%	1.33%	+10.7%
DD	Buy	DU PONT E I DE NEMOURS	$2,717,000	-22.3%	56,359	+3.1%	1.18%	-13.1%
LLY	Sell	LILLY ELI & CO	$2,539,000	-1.6%	30,340	-1.8%	1.11%	+10.1%
CBI	Sell	CHICAGO BRDG & IRON CO N V N Y	$2,456,000	-21.5%	61,925	-1.0%	1.07%	-12.3%
MO	Buy	ALTRIA GROUP INC	$2,101,000	+15.3%	38,625	+3.7%	0.92%	+28.8%
BAC	Sell	BANK OF AMERICA CORP	$2,008,000	-8.9%	128,860	-0.5%	0.88%	+1.9%
ABT	Sell	ABBOTT LABORATORIES COM	$1,849,000	-19.8%	45,974	-2.1%	0.81%	-10.2%
C	Sell	CITIGROUP INC COM NEW	$1,763,000	-11.4%	35,530	-1.4%	0.77%	-0.9%
CAH	Sell	CARDINAL HEALTH INC COM	$1,656,000	-11.4%	21,558	-3.6%	0.72%	-1.1%
GLW	Sell	CORNING INC	$1,611,000	-15.7%	94,120	-2.9%	0.70%	-5.8%
ABBV	Sell	ABBVIE INC COM	$1,562,000	-21.1%	28,703	-2.5%	0.68%	-11.8%
LNC	Sell	LINCOLN NATIONAL CORP	$1,547,000	-21.3%	32,600	-1.8%	0.68%	-12.0%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$1,354,000	-17.6%	47,404	-5.9%	0.59%	-7.8%
HMC	Buy	HONDA MOTOR ADR NEW	$1,354,000	-5.2%	45,295	+2.7%	0.59%	+6.1%
AAPL	Sell	APPLE INC	$1,281,000	-13.9%	11,614	-2.1%	0.56%	-3.6%
SE	Buy	SPECTRA ENERGY CORP	$1,032,000	-18.9%	39,281	+0.6%	0.45%	-9.3%
VZ	Buy	VERIZON COMMUNICATNS	$997,000	-0.6%	22,911	+6.5%	0.44%	+11.3%
KMI	Buy	KINDER MORGAN INC. DEL	$951,000	-3.4%	34,352	+34.0%	0.42%	+8.1%
PNW	Sell	PINNACLE WEST CAP CORP	$912,000	+4.6%	14,225	-7.2%	0.40%	+17.1%
GAS	Buy	AGL RESOURCES INC COM	$901,000	+33.3%	14,768	+1.7%	0.39%	+48.9%
ED	Sell	CONSOLIDATED EDISON INC	$806,000	+6.1%	12,060	-8.2%	0.35%	+18.9%
A	Sell	AGILENT TECHNOLOGIES INC	$758,000	-19.4%	22,080	-9.5%	0.33%	-9.8%
BAX	Sell	BAXTER INTERNATIONAL INC	$729,000	-66.8%	22,197	-29.3%	0.32%	-62.9%
RDSA	Sell	ROYAL DUTCH SHELL PLC ADR CL A	$706,000	-29.9%	14,904	-15.7%	0.31%	-21.6%
BXLT	New	BAXALTA INC COM	$536,000	–	17,012	–	0.23%	–
WMT	Buy	WAL-MART STORES INC	$532,000	-6.3%	8,207	+2.5%	0.23%	+4.5%
RAI	Buy	REYNOLDS AMERICAN INC	$452,000	+18.6%	10,200	+100.0%	0.20%	+32.2%
COST	Sell	COSTCO WHOLESALE CRP DEL	$426,000	-3.0%	2,950	-9.2%	0.19%	+8.8%
KHC	New	KRAFT (THE) HEINZ CO SHS	$280,000	–	3,973	–	0.12%	–
PYPL	New	PAYPAL HOLDINGS INC SHS	$255,000	–	8,200	–	0.11%	–
GSK	New	GLAXOSMITHKLINE PLC SPONS ADRadr	$242,000	–	6,305	–	0.11%	–
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$236,000	-8.2%	5,638	-9.6%	0.10%	+3.0%
CAG	Sell	CONAGRA FOODS INC	$215,000	-13.7%	5,300	-7.0%	0.09%	-3.1%
AVP	Buy	AVON PROD INC	$140,000	-48.0%	43,017	+0.0%	0.06%	-41.9%
ERF	New	ENERPLUS CORP SHS	$67,000	–	13,867	–	0.03%	–
	Exit	SMURFIT STONE CONTAINER CP	$0	–	-15,500	–	0.00%	–
SPY	Exit	SPDR S&P 500 ETF TRUST	$0	–	-984	–	-0.08%	–
EGN	Exit	ENERGEN CRP COM PV 1CENT	$0	–	-3,115	–	-0.08%	–
DLX	Exit	DELUXE CORP	$0	–	-3,500	–	-0.08%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-9,800	–	-0.09%	–
IVV	Exit	ISHARES CORE S & P 500 ETF	$0	–	-1,200	–	-0.10%	–
IWM	Exit	ISHARES TR RUSSELL 2000 ETF	$0	–	-2,580	–	-0.13%	–
NI	Exit	NISOURCE INC	$0	–	-7,924	–	-0.14%	–
KRFT	Exit	KRAFT FOODS GROUP INC COM	$0	–	-5,173	–	-0.17%	–

Q2 2015

			Value		Shares		↓ Weighting
DE	New	DEERE & CO COM	$8,779,000	–	90,462	–	3.42%	–
CBS	New	CBS CORP NEW CL B	$8,450,000	–	152,250	–	3.30%	–
GE	New	GENERAL ELEC CO COM	$8,342,000	–	313,959	–	3.25%	–
MMM	New	3M CO COM	$8,081,000	–	52,372	–	3.15%	–
CAT	New	CATERPILLAR INC COM	$7,341,000	–	86,551	–	2.86%	–
GT	New	GOODYEAR TIRE & RUBBER CO COM	$7,113,000	–	235,925	–	2.78%	–
PFE	New	PFIZER INC COM	$6,610,000	–	197,146	–	2.58%	–
EMR	New	EMERSON ELEC CO COM	$6,573,000	–	118,573	–	2.56%	–
ALL	New	ALLSTATE CORP COM	$6,442,000	–	99,309	–	2.51%	–
CVX	New	CHEVRON CORPORATION	$6,311,000	–	65,416	–	2.46%	–
INTC	New	INTEL CORP COM	$6,013,000	–	197,697	–	2.35%	–
DOW	New	DOW CHEMICAL CO	$5,896,000	–	115,225	–	2.30%	–
PG	New	PROCTER & GAMBLE CO COM	$5,881,000	–	75,166	–	2.29%	–
JCI	New	JOHNSON CONTROLS INC	$5,672,000	–	114,525	–	2.21%	–
SLB	New	SCHLUMBERGER LTD COM	$5,669,000	–	65,770	–	2.21%	–
JNJ	New	JOHNSON & JOHNSON COM	$5,615,000	–	57,616	–	2.19%	–
HSY	New	HERSHEY CO	$5,351,000	–	60,240	–	2.09%	–
KO	New	COCA COLA CO COM	$5,325,000	–	135,746	–	2.08%	–
MCD	New	MCDONALDS CORP COM	$5,275,000	–	55,482	–	2.06%	–
HAL	New	HALLIBURTON CO COM	$5,002,000	–	116,146	–	1.95%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$4,870,000	–	29,940	–	1.90%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$4,833,000	–	72,633	–	1.88%	–
FDX	New	FEDEX CORP COM	$4,473,000	–	26,250	–	1.74%	–
SO	New	SOUTHERN COMPANY	$4,418,000	–	105,440	–	1.72%	–
DUK	New	DUKE ENERGY CORP NEW COM	$4,298,000	–	60,856	–	1.68%	–
DIS	New	DISNEY (WALT) CO COM STK	$4,248,000	–	37,218	–	1.66%	–
MRK	New	MERCK AND CO INC SHS	$4,202,000	–	73,802	–	1.64%	–
XOM	New	EXXON MOBIL CORP COM	$4,143,000	–	49,797	–	1.62%	–
CMI	New	CUMMINS INC COM	$3,990,000	–	30,414	–	1.56%	–
BP	New	BP PLC SPON ADR	$3,934,000	–	98,458	–	1.54%	–
DD	New	DU PONT E I DE NEMOURS	$3,495,000	–	54,659	–	1.36%	–
T	New	AT&T INC COM	$3,407,000	–	95,911	–	1.33%	–
AXP	New	AMER EXPRESS COMPANY	$3,345,000	–	43,045	–	1.30%	–
CLX	New	CLOROX CO COM	$3,294,000	–	31,664	–	1.28%	–
CBI	New	CHICAGO BRDG & IRON CO N V N Y	$3,129,000	–	62,525	–	1.22%	–
PCL	New	PLUM CREEK TIMBER CO INC COM	$3,081,000	–	75,950	–	1.20%	–
LMT	New	LOCKHEED MARTIN CORP COM	$3,014,000	–	16,215	–	1.18%	–
TXN	New	TEXAS INSTRUMENTS	$2,591,000	–	50,295	–	1.01%	–
LLY	New	ELI LILLY & CO	$2,579,000	–	30,890	–	1.01%	–
JPM	New	JPMORGAN CHASE & CO	$2,557,000	–	37,736	–	1.00%	–
ABT	New	ABBOTT LABORATORIES COM	$2,305,000	–	46,974	–	0.90%	–
BAC	New	BANK OF AMERICA CORP	$2,205,000	–	129,540	–	0.86%	–
BAX	New	BAXTER INTERNATIONAL INC COM	$2,196,000	–	31,397	–	0.86%	–
C	New	CITIGROUP INC COM NEW	$1,990,000	–	36,030	–	0.78%	–
ABBV	New	ABBVIE INC COM	$1,979,000	–	29,453	–	0.77%	–
LNC	New	LINCOLN NATIONAL CORP	$1,966,000	–	33,200	–	0.77%	–
GLW	New	CORNING INC	$1,912,000	–	96,884	–	0.75%	–
TM	New	TOYOTA MOTOR CORP ADR	$1,899,000	–	14,200	–	0.74%	–
CAH	New	CARDINAL HEALTH INC COM	$1,870,000	–	22,356	–	0.73%	–
MO	New	ALTRIA GROUP INC	$1,822,000	–	37,248	–	0.71%	–
RTN	New	RAYTHEON COM NEW	$1,746,000	–	18,250	–	0.68%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,644,000	–	50,354	–	0.64%	–
BHI	New	BAKER HUGHES INC COM	$1,523,000	–	24,690	–	0.59%	–
AAPL	New	APPLE INC	$1,488,000	–	11,863	–	0.58%	–
HMC	New	HONDA MOTOR ADR NEW	$1,429,000	–	44,095	–	0.56%	–
SE	New	SPECTRA ENERGY CORP COM	$1,272,000	–	39,031	–	0.50%	–
HOG	New	HARLEY DAVIDSON INC	$1,223,000	–	21,700	–	0.48%	–
WHR	New	WHIRLPOOL CORP	$1,210,000	–	6,990	–	0.47%	–
CL	New	COLGATE PALMOLIVE	$1,129,000	–	17,256	–	0.44%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONSORE	$1,007,000	–	17,673	–	0.39%	–
VZ	New	VERIZON COMMUNICATNS COM	$1,003,000	–	21,511	–	0.39%	–
KMI	New	KINDER MORGAN INC. DEL	$984,000	–	25,627	–	0.38%	–
A	New	AGILENT TECHNOLOGIES INC	$941,000	–	24,400	–	0.37%	–
PNW	New	PINNACLE WEST CAP CORP COM	$872,000	–	15,325	–	0.34%	–
ED	New	CONSOLIDATED EDISON INC	$760,000	–	13,135	–	0.30%	–
GAS	New	AGL RESOURCES INC COM	$676,000	–	14,518	–	0.26%	–
FLEX	New	FLEXTRONICS INTL LTD	$642,000	–	56,800	–	0.25%	–
HRL	New	HORMEL FOODS CORP	$637,000	–	11,300	–	0.25%	–
WMT	New	WAL-MART STORES INC	$568,000	–	8,007	–	0.22%	–
AEP	New	AMN ELEC POWER CO	$568,000	–	10,720	–	0.22%	–
EBAY	New	EBAY INC COM	$494,000	–	8,200	–	0.19%	–
PCAR	New	PACCAR INC	$487,000	–	7,625	–	0.19%	–
COP	New	CONOCOPHILLIPS	$476,000	–	7,758	–	0.19%	–
PM	New	PHILIP MORRIS INTL INC	$449,000	–	5,597	–	0.18%	–
PEP	New	PEPSICO INC	$448,000	–	4,795	–	0.18%	–
KRFT	New	KRAFT FOODS GROUP INC COM	$440,000	–	5,173	–	0.17%	–
COST	New	COSTCO WHOLESALE CRP DEL	$439,000	–	3,250	–	0.17%	–
MTW	New	MANITOWOC CO INC WIS	$425,000	–	21,705	–	0.17%	–
ITW	New	ILLINOIS TOOL WORKS INC	$424,000	–	4,614	–	0.16%	–
CINF	New	CINN FINCL CRP OHIO	$411,000	–	8,192	–	0.16%	–
RAI	New	REYNOLDS AMERICAN INC	$381,000	–	5,100	–	0.15%	–
ROK	New	ROCKWELL AUTOMATION INC	$374,000	–	3,000	–	0.15%	–
NI	New	NISOURCE INC	$361,000	–	7,924	–	0.14%	–
NOC	New	NORTHROP GRUMMAN CORP	$333,000	–	2,100	–	0.13%	–
IWM	New	ISHARES TR RUSSELL 2000 ETF	$322,000	–	2,580	–	0.13%	–
EMN	New	EASTMAN CHEMICAL CO	$315,000	–	3,850	–	0.12%	–
JCPNQ	New	PENNEY J C INC COM	$315,000	–	37,150	–	0.12%	–
TMK	New	TORCHMARK CORP	$314,000	–	5,400	–	0.12%	–
BBT	New	BB&T CORPORATION	$295,000	–	7,309	–	0.12%	–
SCG	New	SCANA CORP NEW COM	$291,000	–	5,748	–	0.11%	–
COL	New	ROCKWELL COLLINS INC	$277,000	–	3,000	–	0.11%	–
AVP	New	AVON PROD INC	$269,000	–	43,011	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$268,000	–	1,285	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$258,000	–	2,433	–	0.10%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$257,000	–	6,238	–	0.10%	–
HD	New	HOME DEPOT INC	$255,000	–	2,296	–	0.10%	–
CAG	New	CONAGRA FOODS INC	$249,000	–	5,700	–	0.10%	–
IVV	New	ISHARES CORE S & P 500 ETF	$249,000	–	1,200	–	0.10%	–
BA	New	BOEING COMPANY	$245,000	–	1,768	–	0.10%	–
LOW	New	LOWE'S COMPANIES INC	$244,000	–	3,650	–	0.10%	–
NEM	New	NEWMONT MINING CORP	$229,000	–	9,800	–	0.09%	–
DLX	New	DELUXE CORP	$217,000	–	3,500	–	0.08%	–
EGN	New	ENERGEN CRP COM PV 1CENT	$213,000	–	3,115	–	0.08%	–
SPY	New	SPDR S&P 500 ETF TRUST	$203,000	–	984	–	0.08%	–
	New	SMURFIT STONE CONTAINER CP	$0	–	15,500	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
	Exit	SMURFIT STONE CONTAINER CP	$0	–	-15,500	–	0.00%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-4,500	–	-0.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-2,296	–	-0.08%	–
COL	Exit	ROCKWELL COLLINS INC	$0	–	-3,000	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,285	–	-0.09%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-2,400	–	-0.09%	–
IVV	Exit	ISHARES CORE S&P ETF S&P 500 I	$0	–	-1,200	–	-0.09%	–
EGN	Exit	ENERGEN CRP COM PV 1CENT	$0	–	-3,550	–	-0.10%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,498	–	-0.10%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-2,100	–	-0.10%	–
IWM	Exit	ISHARES TR RUSSELL 2000 ETF	$0	–	-2,580	–	-0.11%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-4,800	–	-0.11%	–
SCG	Exit	SCANA CORP NEW COM	$0	–	-5,748	–	-0.11%	–
TMK	Exit	TORCHMARK CORPORATION	$0	–	-5,550	–	-0.11%	–
BBT	Exit	BB&T CORPORATION	$0	–	-7,809	–	-0.11%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-8,531	–	-0.11%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-3,850	–	-0.12%	–
NI	Exit	NISOURCE INC	$0	–	-7,875	–	-0.12%	–
ROK	Exit	ROCKWELL AUTOMATION INC	$0	–	-3,000	–	-0.12%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-14,700	–	-0.13%	–
JCPNQ	Exit	PENNEY J C INC COM	$0	–	-38,150	–	-0.14%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,614	–	-0.15%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-3,250	–	-0.15%	–
CINF	Exit	CINN FINCL CRP OHIO	$0	–	-8,792	–	-0.16%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-5,292	–	-0.17%	–
PCAR	Exit	PACCAR INC	$0	–	-7,825	–	-0.17%	–
PEP	Exit	PEPSICO INC	$0	–	-4,795	–	-0.17%	–
EBAY	Exit	EBAY INC COM	$0	–	-8,400	–	-0.18%	–
MTW	Exit	MANITOWOC CO INC WIS	$0	–	-21,705	–	-0.19%	–
KRFT	Exit	KRAFT FOODS GROUP INC SHS	$0	–	-9,311	–	-0.20%	–
AVP	Exit	AVON PROD INC	$0	–	-43,700	–	-0.21%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-7,280	–	-0.21%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-7,612	–	-0.22%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-11,600	–	-0.23%	–
FLEX	Exit	FLEXTRONICS INTL LTD	$0	–	-60,300	–	-0.24%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-12,710	–	-0.27%	–
GAS	Exit	AGL RESOURCES INC COM	$0	–	-14,968	–	-0.29%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-14,820	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-15,626	–	-0.30%	–
PNW	Exit	PINNACLE WEST CAP CORP	$0	–	-15,375	–	-0.32%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-7,090	–	-0.39%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-17,681	–	-0.44%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONSORE	$0	–	-15,943	–	-0.46%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-22,000	–	-0.48%	–
AAPL	Exit	APPLE INC	$0	–	-13,659	–	-0.52%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-41,490	–	-0.54%	–
SE	Exit	SPECTRA ENERGY CORP COM	$0	–	-38,631	–	-0.58%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-53,654	–	-0.60%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-36,025	–	-0.63%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-14,200	–	-0.63%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-29,463	–	-0.64%	–
CAH	Exit	CARDINAL HEALTH INC	$0	–	-22,779	–	-0.65%	–
LNC	Exit	LINCOLN NATIONAL CORP	$0	–	-32,600	–	-0.66%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,250	–	-0.70%	–
BHI	Exit	BAKER HUGHES INC	$0	–	-28,990	–	-0.72%	–
GLW	Exit	CORNING INC	$0	–	-99,920	–	-0.73%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-46,838	–	-0.74%	–
A	Exit	AGILENT TECHNOLOGIES INC	$0	–	-36,515	–	-0.79%	–
LLY	Exit	ELI LILLY & CO	$0	–	-33,005	–	-0.81%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-42,730	–	-0.84%	–
BAX	Exit	BAXTER INTERNATIONAL INC	$0	–	-31,497	–	-0.86%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-136,940	–	-0.88%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-39,786	–	-0.91%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-52,964	–	-0.96%	–
PCL	Exit	PLUM CREEK TIMBER CO INC	$0	–	-67,845	–	-1.00%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-15,215	–	-1.05%	–
CLX	Exit	CLOROX CO	$0	–	-31,939	–	-1.16%	–
CBI	Exit	CHICAGO BRDG & IRON CO N V N Y	$0	–	-56,375	–	-1.24%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-39,195	–	-1.30%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-40,295	–	-1.36%	–
T	Exit	AT&T INC	$0	–	-106,264	–	-1.42%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-74,802	–	-1.45%	–
BP	Exit	BP PLC SPONS ADR	$0	–	-88,166	–	-1.47%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-54,691	–	-1.49%	–
CMI	Exit	CUMMINS INC	$0	–	-30,610	–	-1.53%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-46,950	–	-1.66%	–
FDX	Exit	FEDEX CORP COM	$0	–	-27,225	–	-1.67%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-75,143	–	-1.69%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-47,776	–	-1.70%	–
DUK	Exit	DUKE ENERGY CORP NEW COM	$0	–	-62,400	–	-1.77%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-107,340	–	-1.78%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-55,101	–	-1.98%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-118,795	–	-1.98%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-28,876	–	-2.08%	–
HSY	Exit	HERSHEY CO	$0	–	-60,940	–	-2.20%	–
PFE	Exit	PFIZER INC COM	$0	–	-201,003	–	-2.25%	–
KO	Exit	COCA COLA CO	$0	–	-141,797	–	-2.29%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-117,425	–	-2.33%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-58,025	–	-2.34%	–
ALL	Exit	ALLSTATE CORP	$0	–	-101,100	–	-2.35%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-74,926	–	-2.38%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-63,024	–	-2.43%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO	$0	–	-283,775	–	-2.43%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-100,502	–	-2.46%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-58,204	–	-2.63%	–
INTC	Exit	INTEL CORP COM	$0	–	-201,797	–	-2.66%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-117,666	–	-2.79%	–
DE	Exit	DEERE & CO COM	$0	–	-91,565	–	-2.85%	–
MMM	Exit	3M CO COM	$0	–	-53,067	–	-2.85%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-314,991	–	-3.06%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-156,650	–	-3.18%	–
CAT	Exit	CATERPILLAR INC	$0	–	-88,865	–	-3.34%	–

Q3 2014

			Value		Shares		↓ Weighting
CAT	Sell	CATERPILLAR INC	$8,800,000	-10.7%	88,865	-2.0%	3.34%	-7.1%
CBS	Sell	CBS CORP NEW CL B	$8,381,000	-15.5%	156,650	-1.8%	3.18%	-12.1%
GE	Buy	GENERAL ELEC CO COM	$8,070,000	-2.2%	314,991	+0.3%	3.06%	+1.7%
MMM	Sell	3M CO COM	$7,519,000	-2.6%	53,067	-1.5%	2.85%	+1.4%
DE	Buy	DEERE & CO COM	$7,507,000	-9.4%	91,565	+0.1%	2.85%	-5.8%
EMR	Buy	EMERSON ELEC CO COM	$7,364,000	-5.7%	117,666	+0.0%	2.79%	-1.9%
INTC	Sell	INTEL CORP COM	$7,027,000	+12.1%	201,797	-0.5%	2.66%	+16.6%
CVX	Sell	CHEVRON CORPORATION	$6,945,000	-9.4%	58,204	-0.9%	2.63%	-5.8%
HAL	Sell	HALLIBURTON CO COM	$6,483,000	-12.8%	100,502	-4.0%	2.46%	-9.3%
SLB	Sell	SCHLUMBERGER LTD COM	$6,409,000	-16.3%	63,024	-2.9%	2.43%	-12.9%
GT	Sell	GOODYEAR TIRE & RUBBER CO	$6,409,000	-21.6%	283,775	-3.5%	2.43%	-18.4%
PG	Buy	PROCTER & GAMBLE CO COM	$6,274,000	+8.3%	74,926	+1.7%	2.38%	+12.6%
ALL	Sell	ALLSTATE CORP	$6,205,000	+4.3%	101,100	-0.2%	2.35%	+8.4%
JNJ	Sell	JOHNSON & JOHNSON COM	$6,185,000	+0.8%	58,025	-1.1%	2.34%	+4.9%
DOW	Sell	DOW CHEMICAL CO	$6,158,000	-0.5%	117,425	-2.4%	2.33%	+3.5%
KO	Buy	COCA COLA CO	$6,049,000	+1.0%	141,797	+0.3%	2.29%	+5.0%
PFE	Buy	PFIZER INC COM	$5,944,000	0.0%	201,003	+0.4%	2.25%	+4.0%
HSY	Sell	HERSHEY CO	$5,816,000	-3.0%	60,940	-1.0%	2.20%	+0.9%
IBM	Sell	INTERNATIONAL BUSINESS MACHS C	$5,482,000	+4.2%	28,876	-0.5%	2.08%	+8.3%
JCI	Sell	JOHNSON CONTROLS INC	$5,227,000	-13.2%	118,795	-1.5%	1.98%	-9.7%
MCD	Buy	MCDONALDS CORP COM	$5,224,000	+10.3%	55,101	+17.2%	1.98%	+14.7%
SO	Sell	SOUTHERN COMPANY	$4,685,000	-4.3%	107,340	-0.5%	1.78%	-0.5%
DUK	Buy	DUKE ENERGY CORP NEW COM	$4,666,000	+1.0%	62,400	+0.2%	1.77%	+5.0%
XOM	Sell	EXXON MOBIL CORP COM	$4,493,000	-7.3%	47,776	-0.8%	1.70%	-3.6%
MRK	Sell	MERCK AND CO INC SHS	$4,454,000	+1.5%	75,143	-1.0%	1.69%	+5.6%
FDX	Sell	FEDEX CORP COM	$4,395,000	+5.0%	27,225	-1.5%	1.67%	+9.2%
4945SC	Sell	KINDER MORGAN ENERGY PARTNERS	$4,379,000	-3.0%	46,950	-14.5%	1.66%	+0.9%
CMI	Sell	CUMMINS INC	$4,040,000	-15.3%	30,610	-1.0%	1.53%	-11.9%
DD	Sell	DU PONT E I DE NEMOURS	$3,925,000	+9.2%	54,691	-0.4%	1.49%	+13.7%
BP	Buy	BP PLC SPONS ADR	$3,875,000	-14.3%	88,166	+2.9%	1.47%	-10.8%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$3,828,000	+4.6%	74,802	-0.8%	1.45%	+8.9%
T	Buy	AT&T INC	$3,745,000	-0.1%	106,264	+0.3%	1.42%	+4.0%
DIS	Sell	DISNEY (WALT) CO COM STK	$3,587,000	-3.3%	40,295	-6.8%	1.36%	+0.7%
AXP	Sell	AMER EXPRESS COMPANY	$3,431,000	-9.2%	39,195	-1.6%	1.30%	-5.6%
CBI	Buy	CHICAGO BRDG & IRON CO N V N Y	$3,261,000	-13.2%	56,375	+2.4%	1.24%	-9.7%
CLX	Sell	CLOROX CO	$3,067,000	+5.1%	31,939	-0.0%	1.16%	+9.3%
LMT	Sell	LOCKHEED MARTIN CORP COM	$2,781,000	+11.5%	15,215	-1.9%	1.05%	+16.0%
PCL	Buy	PLUM CREEK TIMBER CO INC	$2,647,000	-1.6%	67,845	+13.7%	1.00%	+2.2%
TXN	Sell	TEXAS INSTRUMENTS	$2,526,000	-4.1%	52,964	-3.9%	0.96%	-0.2%
JPM	Buy	JPMORGAN CHASE & CO	$2,397,000	+5.0%	39,786	+0.4%	0.91%	+9.3%
BAC	Buy	BANK OF AMERICA CORP	$2,335,000	+12.2%	136,940	+1.1%	0.88%	+16.6%
BAX	Sell	BAXTER INTERNATIONAL INC	$2,261,000	-2.2%	31,497	-1.4%	0.86%	+1.8%
LLY	Sell	ELI LILLY & CO	$2,140,000	+4.0%	33,005	-0.3%	0.81%	+8.1%
A	Sell	AGILENT TECHNOLOGIES INC	$2,081,000	-4.8%	36,515	-4.1%	0.79%	-1.0%
ABT	Sell	ABBOTT LABORATORIES COM	$1,948,000	+0.4%	46,838	-1.3%	0.74%	+4.4%
GLW	Sell	CORNING INC	$1,932,000	-12.8%	99,920	-1.0%	0.73%	-9.3%
BHI	Sell	BAKER HUGHES INC	$1,886,000	-13.6%	28,990	-1.2%	0.72%	-10.2%
CAH	Sell	CARDINAL HEALTH INC	$1,707,000	+9.2%	22,779	-0.1%	0.65%	+13.5%
ABBV	Sell	ABBVIE INC COM	$1,702,000	+0.3%	29,463	-2.0%	0.64%	+4.4%
TM	Buy	TOYOTA MOTOR CORP ADR	$1,669,000	+0.2%	14,200	+2.0%	0.63%	+4.3%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$1,577,000	+7.1%	53,654	-1.9%	0.60%	+11.4%
HMC	Buy	HONDA MOTOR ADR NEW	$1,422,000	-0.6%	41,490	+1.4%	0.54%	+3.3%
AAPL	Sell	APPLE INC	$1,376,000	+8.1%	13,659	-0.3%	0.52%	+12.5%
RDSA	Buy	ROYAL DUTCH SHELL PLC SPONSORE	$1,214,000	-6.7%	15,943	+0.9%	0.46%	-3.0%
CL	Buy	COLGATE PALMOLIVE	$1,153,000	+2.1%	17,681	+6.8%	0.44%	+6.3%
WHR	Sell	WHIRLPOOL CORP	$1,033,000	-4.4%	7,090	-8.6%	0.39%	-0.5%
PNW	Buy	PINNACLE WEST CAP CORP	$840,000	-5.0%	15,375	+0.7%	0.32%	-1.2%
VZ	Buy	VERIZON COMMUNICATNS COM	$781,000	+4.8%	15,626	+2.6%	0.30%	+8.8%
ED	Buy	CONSOLIDATED EDISON INC	$720,000	+1.3%	12,710	+3.2%	0.27%	+5.4%
HRL	Sell	HORMEL FOODS CORP	$596,000	+0.7%	11,600	-3.3%	0.23%	+4.6%
AVP	Sell	AVON PROD INC	$551,000	-16.5%	43,700	-3.3%	0.21%	-13.3%
MTW	Sell	MANITOWOC CO INC WIS	$509,000	-33.3%	21,705	-6.5%	0.19%	-30.6%
EBAY	Sell	EBAY INC COM	$476,000	+5.5%	8,400	-6.7%	0.18%	+9.8%
PEP	Sell	PEPSICO INC	$446,000	0.0%	4,795	-4.0%	0.17%	+3.7%
PCAR	Sell	PACCAR INC	$445,000	-17.4%	7,825	-8.7%	0.17%	-13.8%
CINF	Buy	CINN FINCL CRP OHIO	$414,000	-1.0%	8,792	+1.2%	0.16%	+3.3%
JCPNQ	Sell	PENNEY J C INC COM	$383,000	+9.7%	38,150	-1.0%	0.14%	+14.2%
NEM	Sell	NEWMONT MINING CORP	$339,000	-16.1%	14,700	-7.5%	0.13%	-12.2%
ROK	New	ROCKWELL AUTOMATION INC	$330,000	–	3,000	–	0.12%	–
MDLZ	Sell	MONDELEZ INTERNATIONAL INC	$292,000	-14.4%	8,531	-5.8%	0.11%	-10.5%
TMK	Buy	TORCHMARK CORPORATION	$291,000	-4.0%	5,550	+50.0%	0.11%	0.0%
IWM	Sell	ISHARES TR RUSSELL 2000 ETF	$282,000	-23.6%	2,580	-16.9%	0.11%	-20.1%
GS	Sell	GOLDMAN SACHS GROUP INC	$236,000	-8.2%	1,285	-16.3%	0.09%	-5.3%
HD	New	HOME DEPOT INC	$211,000	–	2,296	–	0.08%	–
DLX	Exit	DELUXE CORP	$0	–	-3,450	–	-0.07%	–
UTX	Exit	UNITED TECHS CORP COM	$0	–	-1,803	–	-0.08%	–
	Exit	Rockwell Automation Inc	$0	–	-3,000	–	-0.14%	–

Q2 2014

			Value		Shares		↓ Weighting
CBS	New	CBS CORP NEW CL B	$9,914,000	–	159,550	–	3.61%	–
CAT	New	CATERPILLAR INC COM	$9,853,000	–	90,665	–	3.59%	–
DE	New	DEERE & CO COM	$8,286,000	–	91,510	–	3.02%	–
GE	New	GENERAL ELEC CO COM	$8,255,000	–	314,116	–	3.01%	–
GT	New	GOODYEAR TIRE & RUBBER CO	$8,171,000	–	294,118	–	2.98%	–
EMR	New	EMERSON ELEC CO COM	$7,807,000	–	117,651	–	2.84%	–
MMM	New	3M CO COM	$7,716,000	–	53,867	–	2.81%	–
CVX	New	CHEVRON CORPORATION	$7,665,000	–	58,714	–	2.79%	–
SLB	New	SCHLUMBERGER LTD COM	$7,655,000	–	64,904	–	2.79%	–
HAL	New	HALLIBURTON CO COM	$7,433,000	–	104,672	–	2.71%	–
INTC	New	INTEL CORP COM	$6,270,000	–	202,899	–	2.28%	–
DOW	New	DOW CHEMICAL CO	$6,189,000	–	120,275	–	2.26%	–
JNJ	New	JOHNSON & JOHNSON COM	$6,136,000	–	58,650	–	2.24%	–
JCI	New	JOHNSON CONTROLS INC	$6,020,000	–	120,565	–	2.19%	–
HSY	New	HERSHEY CO	$5,995,000	–	61,571	–	2.18%	–
KO	New	COCA COLA CO COM	$5,989,000	–	141,387	–	2.18%	–
ALL	New	ALLSTATE CORP COM	$5,951,000	–	101,350	–	2.17%	–
PFE	New	PFIZER INC COM	$5,944,000	–	200,283	–	2.17%	–
PG	New	PROCTER & GAMBLE CO COM	$5,792,000	–	73,702	–	2.11%	–
IBM	New	INTERNATIONAL BUSINESS MACHS C	$5,262,000	–	29,026	–	1.92%	–
SO	New	SOUTHERN CO COM	$4,898,000	–	107,930	–	1.78%	–
XOM	New	EXXON MOBIL CORP COM	$4,848,000	–	48,151	–	1.77%	–
CMI	New	CUMMINS INC COM	$4,769,000	–	30,910	–	1.74%	–
MCD	New	MCDONALDS CORP COM	$4,735,000	–	47,001	–	1.73%	–
DUK	New	DUKE ENERGY CORP NEW COM	$4,622,000	–	62,300	–	1.68%	–
BP	New	BP PLC SPON ADR	$4,519,000	–	85,666	–	1.65%	–
4945SC	New	KINDER MORGAN ENERGY PARTNERS	$4,515,000	–	54,920	–	1.64%	–
MRK	New	MERCK AND CO INC SHS	$4,390,000	–	75,884	–	1.60%	–
FDX	New	FEDEX CORP COM	$4,186,000	–	27,650	–	1.53%	–
AXP	New	AMER EXPRESS COMPANY	$3,780,000	–	39,845	–	1.38%	–
CBI	New	CHICAGO BRDG & IRON CO N V N Y	$3,756,000	–	55,075	–	1.37%	–
T	New	AT&T INC COM	$3,748,000	–	105,989	–	1.37%	–
DIS	New	DISNEY (WALT) CO COM STK	$3,708,000	–	43,250	–	1.35%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,658,000	–	75,402	–	1.33%	–
DD	New	DU PONT E I DE NEMOURS	$3,593,000	–	54,911	–	1.31%	–
CLX	New	CLOROX CO COM	$2,919,000	–	31,942	–	1.06%	–
PCL	New	PLUM CREEK TIMBER CO INC	$2,691,000	–	59,660	–	0.98%	–
TXN	New	TEXAS INSTRUMENTS	$2,634,000	–	55,119	–	0.96%	–
LMT	New	LOCKHEED MARTIN CORP COM	$2,494,000	–	15,515	–	0.91%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,311,000	–	31,959	–	0.84%	–
JPM	New	JPMORGAN CHASE & CO	$2,282,000	–	39,611	–	0.83%	–
GLW	New	CORNING INC	$2,215,000	–	100,920	–	0.81%	–
A	New	AGILENT TECHNOLOGIES INC	$2,187,000	–	38,070	–	0.80%	–
BHI	New	BAKER HUGHES INC COM	$2,184,000	–	29,340	–	0.80%	–
BAC	New	BANK OF AMERICA CORP	$2,082,000	–	135,440	–	0.76%	–
LLY	New	ELI LILLY & CO	$2,058,000	–	33,105	–	0.75%	–
C	New	CITIGROUP INC COM NEW	$2,013,000	–	42,730	–	0.73%	–
ABT	New	ABBOTT LABORATORIES COM	$1,940,000	–	47,438	–	0.71%	–
ABBV	New	ABBVIE INC COM	$1,697,000	–	30,063	–	0.62%	–
RTN	New	RAYTHEON COM NEW	$1,684,000	–	18,250	–	0.61%	–
LNC	New	Lincoln National Corp Ind	$1,677,000	–	32,600	–	0.61%	–
TM	New	TOYOTA MOTOR CORP ADR	$1,666,000	–	13,925	–	0.61%	–
SE	New	SPECTRA ENERGY CORP COM	$1,641,000	–	38,631	–	0.60%	–
CAH	New	CARDINAL HEALTH INC COM	$1,563,000	–	22,799	–	0.57%	–
HOG	New	HARLEY DAVIDSON INC	$1,537,000	–	22,000	–	0.56%	–
MO	New	ALTRIA GROUP INC	$1,511,000	–	36,025	–	0.55%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$1,473,000	–	54,704	–	0.54%	–
HMC	New	HONDA MOTOR ADR NEW	$1,431,000	–	40,910	–	0.52%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONSORE	$1,301,000	–	15,793	–	0.47%	–
AAPL	New	APPLE INC	$1,273,000	–	13,699	–	0.46%	–
CL	New	COLGATE PALMOLIVE	$1,129,000	–	16,556	–	0.41%	–
WHR	New	WHIRLPOOL CORP	$1,080,000	–	7,755	–	0.39%	–
PNW	New	PINNACLE WEST CAP CORP	$884,000	–	15,275	–	0.32%	–
AEP	New	AMN ELEC POWER CO	$827,000	–	14,820	–	0.30%	–
GAS	New	AGL RESOURCES INC COM	$824,000	–	14,968	–	0.30%	–
MTW	New	MANITOWOC CO INC WIS	$763,000	–	23,205	–	0.28%	–
VZ	New	VERIZON COMMUNICATNS COM	$745,000	–	15,226	–	0.27%	–
ED	New	CONSOLIDATED EDISON INC	$711,000	–	12,310	–	0.26%	–
FLEX	New	FLEXTRONICS INTL LTD	$668,000	–	60,300	–	0.24%	–
AVP	New	AVON PROD INC	$660,000	–	45,200	–	0.24%	–
COP	New	CONOCOPHILLIPS	$624,000	–	7,280	–	0.23%	–
HRL	New	HORMEL FOODS CORP	$592,000	–	12,000	–	0.22%	–
WMT	New	WAL-MART STORES INC	$571,000	–	7,612	–	0.21%	–
KRFT	New	KRAFT FOODS GROUP INC SHS	$558,000	–	9,311	–	0.20%	–
PCAR	New	PACCAR INC	$539,000	–	8,575	–	0.20%	–
EBAY	New	EBAY INC COM	$451,000	–	9,000	–	0.16%	–
PEP	New	PEPSICO INC	$446,000	–	4,995	–	0.16%	–
PM	New	PHILIP MORRIS INTL INC	$446,000	–	5,292	–	0.16%	–
CINF	New	CINN FINCL CRP OHIO	$418,000	–	8,692	–	0.15%	–
ITW	New	ILLINOIS TOOL WORKS INC	$404,000	–	4,614	–	0.15%	–
NEM	New	NEWMONT MINING CORP	$404,000	–	15,900	–	0.15%	–
	New	Rockwell Automation Inc	$375,000	–	3,000	–	0.14%	–
COST	New	COSTCO WHOLESALE CRP DEL	$374,000	–	3,250	–	0.14%	–
IWM	New	ISHARES TR RUSSELL 2000 INDEX	$369,000	–	3,105	–	0.13%	–
JCPNQ	New	PENNEY J C INC COM	$349,000	–	38,550	–	0.13%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$341,000	–	9,061	–	0.12%	–
EMN	New	EASTMAN CHEMICAL CO	$336,000	–	3,850	–	0.12%	–
EGN	New	ENERGEN CRP COM PV 1CENT	$316,000	–	3,550	–	0.12%	–
SCG	New	SCANA CORP NEW COM	$309,000	–	5,748	–	0.11%	–
NI	New	NISOURCE INC	$310,000	–	7,875	–	0.11%	–
BBT	New	BB&T CORP	$308,000	–	7,809	–	0.11%	–
TMK	New	TORCHMARK CORP	$303,000	–	3,700	–	0.11%	–
RAI	New	REYNOLDS AMERICAN INC	$290,000	–	4,800	–	0.11%	–
HP	New	HELMERICH & PAYNE INC	$279,000	–	2,400	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$278,000	–	2,498	–	0.10%	–
GS	New	GOLDMAN SACHS GROUP INC	$257,000	–	1,535	–	0.09%	–
NOC	New	NORTHROP GRUMMAN CORP	$251,000	–	2,100	–	0.09%	–
IVV	New	ISHARES CORE S & P 500 ETF	$236,000	–	1,200	–	0.09%	–
COL	New	Rockwell Collins	$234,000	–	3,000	–	0.08%	–
VLO	New	VALERO ENERGY CORP NEW	$225,000	–	4,500	–	0.08%	–
UTX	New	UNITED TECHS CORP COM	$208,000	–	1,803	–	0.08%	–
DLX	New	DELUXE CORP	$202,000	–	3,450	–	0.07%	–
	New	SMURFIT STONE CONTAINER CP	$0	–	15,500	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
	Exit	SMURFIT STONE CONTAINER CP	$0	–	-15,500	–	0.00%	–
SNV	Exit	SYNOVUS FINANCIAL CORP	$0	–	-10,768	–	-0.01%	–
JCPNQ	Exit	PENNEY J C INC COM	$0	–	-13,400	–	-0.05%	–
RRD	Exit	R R DONNELLEY SONS	$0	–	-10,430	–	-0.06%	–
BSX	Exit	BOSTON SCIENTIFIC CORP	$0	–	-15,000	–	-0.07%	–
NOC	Exit	NORTHROP GRUMMAN CORP	$0	–	-2,100	–	-0.08%	–
DLX	Exit	DELUXE CORP	$0	–	-4,850	–	-0.08%	–
COL	Exit	Rockwell Collins	$0	–	-3,000	–	-0.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,188	–	-0.08%	–
UTX	Exit	UNITED TECHS CORP COM	$0	–	-2,039	–	-0.09%	–
IVV	Exit	ISHARES TRUST S&P 500 S&P 500	$0	–	-1,360	–	-0.09%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,498	–	-0.09%	–
VLO	Exit	VALERO ENERGY CORP NEW	$0	–	-7,000	–	-0.10%	–
NI	Exit	NISOURCE INC	$0	–	-7,875	–	-0.10%	–
SCG	Exit	SCANA CORP NEW COM	$0	–	-5,748	–	-0.10%	–
TMK	Exit	TORCHMARK CORP	$0	–	-3,900	–	-0.11%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-1,935	–	-0.12%	–
	Exit	Rockwell Automation Inc	$0	–	-3,000	–	-0.13%	–
IWM	Exit	ISHARES TR RUSSELL 2000 INDEX	$0	–	-3,005	–	-0.13%	–
CLP	Exit	COLONIAL PPTYS T SBI ALAREIT	$0	–	-14,304	–	-0.13%	–
MDLZ	Exit	MONDELEZ INTERNATIONAL INC	$0	–	-10,471	–	-0.13%	–
BBT	Exit	BB&T CORP	$0	–	-9,809	–	-0.13%	–
EMN	Exit	EASTMAN CHEMICAL CO	$0	–	-4,250	–	-0.13%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-6,800	–	-0.13%	–
ITW	Exit	ILLINOIS TOOL WORKS INC	$0	–	-4,680	–	-0.14%	–
PEP	Exit	PEPSICO INC	$0	–	-4,628	–	-0.15%	–
ED	Exit	CONSOLIDATED EDISON INC	$0	–	-6,935	–	-0.15%	–
NEM	Exit	NEWMONT MINING CORP	$0	–	-14,000	–	-0.16%	–
CINF	Exit	CINN FINCL CRP OHIO	$0	–	-9,481	–	-0.18%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-5,318	–	-0.18%	–
PCAR	Exit	PACCAR INC	$0	–	-8,675	–	-0.19%	–
EGN	Exit	ENERGEN CRP COM PV 1CENT	$0	–	-6,400	–	-0.19%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-11,800	–	-0.20%	–
MTW	Exit	MANITOWOC CO INC WIS	$0	–	-25,805	–	-0.20%	–
KRFT	Exit	KRAFT FOODS GROUP INC SHS	$0	–	-9,653	–	-0.20%	–
FLEX	Exit	FLEXTRONICS INTL LTD	$0	–	-60,500	–	-0.22%	–
COST	Exit	COSTCO WHOLESALE CRP DEL	$0	–	-4,950	–	-0.23%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-8,260	–	-0.23%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-8,501	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATNS COM	$0	–	-13,676	–	-0.25%	–
AEP	Exit	AMN ELEC POWER CO	$0	–	-14,820	–	-0.25%	–
EBAY	Exit	EBAY INC COM	$0	–	-11,500	–	-0.25%	–
GAS	Exit	AGL RESOURCES INC COM	$0	–	-14,618	–	-0.27%	–
AAPL	Exit	APPLE INC	$0	–	-1,647	–	-0.31%	–
PNW	Exit	PINNACLE WEST CAP CORP COM	$0	–	-14,975	–	-0.32%	–
RDSA	Exit	ROYAL DUTCH SHELL PLC SPONSORE	$0	–	-13,893	–	-0.36%	–
CL	Exit	COLGATE PALMOLIVE	$0	–	-16,616	–	-0.39%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-57,204	–	-0.48%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-36,304	–	-0.49%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-9,130	–	-0.53%	–
LNC	Exit	Lincoln National Corp Ind	$0	–	-32,600	–	-0.54%	–
CAH	Exit	CARDINAL HEALTH INC COM	$0	–	-26,774	–	-0.55%	–
ABBV	Exit	ABBVIE INC COM	$0	–	-31,280	–	-0.55%	–
RTN	Exit	RAYTHEON COM NEW	$0	–	-18,250	–	-0.56%	–
SE	Exit	SPECTRA ENERGY CORP COM	$0	–	-41,131	–	-0.56%	–
BHI	Exit	BAKER HUGHES INC COM	$0	–	-29,440	–	-0.57%	–
ABT	Exit	ABBOTT LABORATORIES COM	$0	–	-45,978	–	-0.60%	–
HMC	Exit	HONDA MOTOR ADR NEW	$0	–	-40,990	–	-0.62%	–
VMC	Exit	VULCAN MATERIALS CO	$0	–	-30,341	–	-0.62%	–
LLY	Exit	ELI LILLY & CO	$0	–	-32,855	–	-0.66%	–
AVP	Exit	AVON PRODS INC COM	$0	–	-82,115	–	-0.67%	–
PCL	Exit	PLUM CREEK TIMBER CO INC COM	$0	–	-36,430	–	-0.68%	–
GLW	Exit	CORNING INC	$0	–	-119,330	–	-0.69%	–
TM	Exit	TOYOTA MOTOR CORP ADR	$0	–	-13,597	–	-0.69%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-27,500	–	-0.70%	–
BAX	Exit	BAXTER INTERNATIONAL INC COM	$0	–	-29,047	–	-0.76%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-40,269	–	-0.82%	–
LMT	Exit	LOCKHEED MARTIN CORP COM	$0	–	-16,603	–	-0.84%	–
C	Exit	CITIGROUP INC COM NEW	$0	–	-43,860	–	-0.84%	–
BAC	Exit	BANK OF AMERICA CORP	$0	–	-164,835	–	-0.90%	–
TXN	Exit	TEXAS INSTRUMENTS	$0	–	-58,074	–	-0.93%	–
CLX	Exit	CLOROX CO COM	$0	–	-31,897	–	-1.03%	–
DIS	Exit	DISNEY (WALT) CO COM STK	$0	–	-46,160	–	-1.18%	–
AXP	Exit	AMER EXPRESS COMPANY	$0	–	-41,095	–	-1.23%	–
DD	Exit	DU PONT E I DE NEMOURS	$0	–	-56,066	–	-1.30%	–
4945SC	Exit	KINDER MORGAN ENERGY PARTNERS	$0	–	-42,505	–	-1.34%	–
MRK	Exit	MERCK AND CO INC SHS	$0	–	-71,866	–	-1.36%	–
FDX	Exit	FEDEX CORP COM	$0	–	-30,205	–	-1.37%	–
T	Exit	AT&T INC COM	$0	–	-102,419	–	-1.37%	–
MCD	Exit	MCDONALDS CORP COM	$0	–	-36,674	–	-1.40%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO COM	$0	–	-77,402	–	-1.42%	–
BP	Exit	BP PLC SPON ADR	$0	–	-87,185	–	-1.45%	–
SO	Exit	SOUTHERN COMPANY	$0	–	-92,245	–	-1.51%	–
A	Exit	AGILENT TECHNOLOGIES INC COM	$0	–	-74,325	–	-1.51%	–
DUK	Exit	DUKE ENERGY CORP NEW COM	$0	–	-59,123	–	-1.56%	–
XOM	Exit	EXXON MOBIL CORP COM	$0	–	-49,432	–	-1.68%	–
CMI	Exit	CUMMINS INC COM	$0	–	-32,760	–	-1.72%	–
INTC	Exit	INTEL CORP COM	$0	–	-203,923	–	-1.85%	–
KO	Exit	COCA COLA CO COM	$0	–	-138,446	–	-2.08%	–
DOW	Exit	DOW CHEMICAL CO	$0	–	-137,075	–	-2.09%	–
PG	Exit	PROCTER & GAMBLE CO COM	$0	–	-69,673	–	-2.09%	–
JNJ	Exit	JOHNSON & JOHNSON COM	$0	–	-61,245	–	-2.10%	–
ALL	Exit	ALLSTATE CORP COM	$0	–	-106,250	–	-2.13%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS C	$0	–	-29,058	–	-2.13%	–
CBI	Exit	CHICAGO BRDG & IRON CO N V N Y	$0	–	-81,775	–	-2.20%	–
HAL	Exit	HALLIBURTON CO COM	$0	–	-116,987	–	-2.23%	–
JCI	Exit	JOHNSON CONTROLS INC	$0	–	-136,440	–	-2.24%	–
PFE	Exit	PFIZER INC COM	$0	–	-210,473	–	-2.40%	–
HSY	Exit	HERSHEY CO	$0	–	-65,446	–	-2.40%	–
SLB	Exit	SCHLUMBERGER LTD COM	$0	–	-69,018	–	-2.42%	–
MMM	Exit	3M CO COM	$0	–	-54,757	–	-2.59%	–
CVX	Exit	CHEVRON CORPORATION	$0	–	-60,054	–	-2.89%	–
GT	Exit	GOODYEAR TIRE & RUBBER CO COM	$0	–	-335,568	–	-2.99%	–
DE	Exit	DEERE & CO COM	$0	–	-95,610	–	-3.08%	–
GE	Exit	GENERAL ELEC CO COM	$0	–	-331,306	–	-3.14%	–
CAT	Exit	CATERPILLAR INC COM	$0	–	-95,185	–	-3.15%	–
EMR	Exit	EMERSON ELEC CO COM	$0	–	-124,361	–	-3.19%	–
CBS	Exit	CBS CORP NEW CL B	$0	–	-220,389	–	-4.82%	–

Q3 2013

			Value		Shares		↓ Weighting
CBS	Sell	CBS CORP NEW CL B	$12,157,000	+6.3%	220,389	-5.8%	4.82%	+1.4%
EMR	Sell	EMERSON ELEC CO COM	$8,046,000	+16.0%	124,361	-2.2%	3.19%	+10.7%
CAT	Sell	CATERPILLAR INC COM	$7,938,000	+0.9%	95,185	-0.2%	3.15%	-3.7%
GE	Sell	GENERAL ELEC CO COM	$7,915,000	+1.7%	331,306	-1.2%	3.14%	-2.9%
DE	Sell	DEERE & CO COM	$7,782,000	-0.1%	95,610	-0.3%	3.08%	-4.7%
GT	Sell	GOODYEAR TIRE & RUBBER CO COM	$7,534,000	+43.2%	335,568	-2.4%	2.99%	+36.7%
CVX	Buy	CHEVRON CORPORATION	$7,297,000	+6.5%	60,054	+3.7%	2.89%	+1.6%
MMM	Buy	3M CO COM	$6,539,000	+10.1%	54,757	+0.8%	2.59%	+5.1%
SLB	Sell	SCHLUMBERGER LTD COM	$6,098,000	+21.1%	69,018	-1.8%	2.42%	+15.5%
HSY	Sell	HERSHEY CO	$6,054,000	+0.9%	65,446	-2.6%	2.40%	-3.7%
PFE	Buy	PFIZER INC COM	$6,046,000	+7.6%	210,473	+4.9%	2.40%	+2.7%
JCI	Sell	JOHNSON CONTROLS INC	$5,662,000	+15.7%	136,440	-0.2%	2.24%	+10.4%
HAL	Buy	HALLIBURTON CO COM	$5,633,000	+18.2%	116,987	+2.5%	2.23%	+12.8%
CBI	Sell	CHICAGO BRDG & IRON CO N V N Y	$5,542,000	+8.2%	81,775	-4.7%	2.20%	+3.3%
IBM	Buy	INTERNATIONAL BUSINESS MACHS C	$5,381,000	-3.1%	29,058	+0.0%	2.13%	-7.5%
ALL	Sell	ALLSTATE CORP COM	$5,371,000	+1.9%	106,250	-3.0%	2.13%	-2.8%
JNJ	Sell	JOHNSON & JOHNSON COM	$5,309,000	+0.5%	61,245	-0.5%	2.10%	-4.1%
PG	Buy	PROCTER & GAMBLE CO COM	$5,267,000	-1.1%	69,673	+0.7%	2.09%	-5.7%
DOW	Sell	DOW CHEMICAL CO	$5,264,000	+18.8%	137,075	-0.5%	2.09%	+13.3%
KO	Buy	COCA COLA CO COM	$5,244,000	-4.0%	138,446	+1.6%	2.08%	-8.5%
INTC	Buy	INTEL CORP COM	$4,674,000	+0.6%	203,923	+6.3%	1.85%	-4.0%
CMI	Sell	CUMMINS INC COM	$4,353,000	+17.9%	32,760	-3.7%	1.72%	+12.5%
DUK	Sell	DUKE ENERGY CORP NEW COM	$3,948,000	-1.2%	59,123	-0.2%	1.56%	-5.7%
SO	Buy	SOUTHERN COMPANY	$3,799,000	-5.9%	92,245	+0.8%	1.51%	-10.2%
BP	Buy	BP PLC SPON ADR	$3,664,000	+4.7%	87,185	+4.0%	1.45%	-0.1%
BMY	Sell	BRISTOL MYERS SQUIBB CO COM	$3,582,000	+3.0%	77,402	-0.5%	1.42%	-1.7%
MCD	Buy	MCDONALDS CORP COM	$3,528,000	+6.8%	36,674	+10.0%	1.40%	+2.0%
T	Sell	AT&T INC COM	$3,464,000	-5.3%	102,419	-0.9%	1.37%	-9.6%
FDX	Sell	FEDEX CORP COM	$3,447,000	+14.8%	30,205	-0.8%	1.37%	+9.5%
MRK	Sell	MERCK AND CO INC SHS	$3,421,000	+2.2%	71,866	-0.3%	1.36%	-2.4%
4945SC	Buy	KINDER MORGAN ENERGY PARTNERS	$3,393,000	-4.2%	42,505	+2.5%	1.34%	-8.6%
DD	Buy	DU PONT E I DE NEMOURS	$3,283,000	+12.2%	56,066	+0.6%	1.30%	+7.1%
AXP	Sell	AMER EXPRESS COMPANY	$3,103,000	-8.0%	41,095	-8.9%	1.23%	-12.2%
DIS	Sell	DISNEY (WALT) CO COM STK	$2,977,000	+1.2%	46,160	-0.9%	1.18%	-3.4%
CLX	Buy	CLOROX CO COM	$2,607,000	-0.5%	31,897	+1.3%	1.03%	-5.1%
TXN	Sell	TEXAS INSTRUMENTS	$2,340,000	+12.2%	58,074	-3.0%	0.93%	+7.0%
BAC	Sell	BANK OF AMERICA CORP	$2,275,000	+4.4%	164,835	-2.7%	0.90%	-0.3%
C	Sell	CITIGROUP INC COM NEW	$2,128,000	-16.9%	43,860	-17.8%	0.84%	-20.7%
LMT	Sell	LOCKHEED MARTIN CORP COM	$2,118,000	+16.8%	16,603	-0.7%	0.84%	+11.4%
JPM	Sell	JPMORGAN CHASE & CO	$2,082,000	-5.6%	40,269	-3.6%	0.82%	-9.9%
HOG	Sell	HARLEY DAVIDSON INC	$1,767,000	+11.9%	27,500	-4.5%	0.70%	+6.7%
TM	Sell	TOYOTA MOTOR CORP ADR	$1,741,000	+5.8%	13,597	-0.3%	0.69%	+1.0%
GLW	Buy	CORNING INC	$1,741,000	+2.7%	119,330	+0.1%	0.69%	-2.0%
PCL	Buy	PLUM CREEK TIMBER CO INC COM	$1,706,000	+5.2%	36,430	+4.9%	0.68%	+0.4%
AVP	Sell	AVON PRODS INC COM	$1,692,000	-5.5%	82,115	-3.5%	0.67%	-9.7%
LLY	Buy	ELI LILLY & CO	$1,654,000	+13.7%	32,855	+10.9%	0.66%	+8.4%
ABT	Buy	ABBOTT LABORATORIES COM	$1,526,000	-4.6%	45,978	+0.3%	0.60%	-9.0%
SE	Sell	SPECTRA ENERGY CORP COM	$1,408,000	-2.6%	41,131	-1.9%	0.56%	-7.0%
RTN	Buy	RAYTHEON COM NEW	$1,407,000	+31.0%	18,250	+12.3%	0.56%	+25.1%
ABBV	Sell	ABBVIE INC COM	$1,399,000	-3.5%	31,280	-10.8%	0.55%	-8.0%
WHR	Sell	WHIRLPOOL CORP	$1,337,000	-42.4%	9,130	-55.0%	0.53%	-45.0%
MO	Sell	ALTRIA GROUP INC	$1,247,000	-2.8%	36,304	-1.0%	0.49%	-7.3%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$1,209,000	-41.4%	57,204	-41.2%	0.48%	-44.1%
CL	Buy	COLGATE PALMOLIVE	$985,000	+8.0%	16,616	+4.4%	0.39%	+2.9%
RDSA	Sell	ROYAL DUTCH SHELL PLC SPONSORE	$912,000	+1.4%	13,893	-1.4%	0.36%	-3.2%
AAPL	Buy	APPLE INC	$785,000	+58.9%	1,647	+32.1%	0.31%	+51.7%
VZ	Sell	VERIZON COMMUNICATNS COM	$638,000	-24.0%	13,676	-18.0%	0.25%	-27.3%
WMT	Sell	WAL-MART STORES INC	$629,000	-4.1%	8,501	-3.4%	0.25%	-8.5%
EGN	Sell	ENERGEN CRP COM PV 1CENT	$489,000	+23.2%	6,400	-15.8%	0.19%	+17.6%
NEM	Buy	NEWMONT MINING CORP	$393,000	-5.5%	14,000	+0.9%	0.16%	-9.8%
RAI	Buy	REYNOLDS AMERICAN INC	$332,000	+7.1%	6,800	+6.2%	0.13%	+2.3%
BBT	Sell	BB&T CORP	$331,000	-5.2%	9,809	-4.8%	0.13%	-9.7%
CLP	Buy	COLONIAL PPTYS T SBI ALAREIT	$322,000	+6.6%	14,304	+14.4%	0.13%	+2.4%
IWM	Sell	ISHARES TR RUSSELL 2000 INDEX	$320,000	+2.9%	3,005	-6.2%	0.13%	-1.6%
SCG	Buy	SCANA CORP NEW COM	$265,000	-3.6%	5,748	+2.7%	0.10%	-7.9%
UTX	Sell	UNITED TECHS CORP COM	$220,000	+5.8%	2,039	-8.9%	0.09%	+1.2%
MSFT	Sell	MICROSOFT CORP	$206,000	-44.8%	6,188	-42.6%	0.08%	-47.1%
COL	New	Rockwell Collins	$204,000	–	3,000	–	0.08%	–
DLX	New	DELUXE CORP	$202,000	–	4,850	–	0.08%	–
NOC	New	NORTHROP GRUMMAN CORP	$200,000	–	2,100	–	0.08%	–
RRD	Buy	R R DONNELLEY SONS	$165,000	+15.4%	10,430	+2.0%	0.06%	+10.2%
JCPNQ	Buy	PENNEY J C INC COM	$118,000	-47.3%	13,400	+2.3%	0.05%	-49.5%
EKDKQ	Exit	Eastman Kodak	$0	–	-49,500	–	-0.00%	–

Q2 2013

			Value		Shares		↓ Weighting
CBS	New	CBS CORP NEW CL B	$11,436,000	–	234,014	–	4.75%	–
CAT	New	CATERPILLAR INC COM	$7,867,000	–	95,370	–	3.27%	–
DE	New	DEERE & CO COM	$7,793,000	–	95,910	–	3.24%	–
GE	New	GENERAL ELEC CO COM	$7,779,000	–	335,436	–	3.23%	–
EMR	New	EMERSON ELEC CO COM	$6,934,000	–	127,136	–	2.88%	–
CVX	New	CHEVRON CORPORATION	$6,853,000	–	57,912	–	2.85%	–
HSY	New	HERSHEY CO	$5,999,000	–	67,196	–	2.49%	–
MMM	New	3M CO COM	$5,938,000	–	54,307	–	2.47%	–
PFE	New	PFIZER INC COM	$5,621,000	–	200,673	–	2.33%	–
IBM	New	INTN'L BUSINESS MACHS CORP	$5,551,000	–	29,045	–	2.30%	–
KO	New	COCA COLA CO COM	$5,465,000	–	136,259	–	2.27%	–
PG	New	PROCTER & GAMBLE CO COM	$5,326,000	–	69,177	–	2.21%	–
JNJ	New	JOHNSON & JOHNSON COM	$5,283,000	–	61,535	–	2.19%	–
ALL	New	ALLSTATE CORP COM	$5,272,000	–	109,550	–	2.19%	–
GT	New	GOODYEAR TIRE & RUBBER CO	$5,261,000	–	343,881	–	2.18%	–
CBI	New	CHICAGO BRDG & IRON CO N V N Y	$5,120,000	–	85,825	–	2.13%	–
SLB	New	SCHLUMBERGER LTD COM	$5,037,000	–	70,293	–	2.09%	–
JCI	New	JOHNSON CTLS INC COM	$4,894,000	–	136,750	–	2.03%	–
HAL	New	HALLIBURTON CO COM	$4,764,000	–	114,187	–	1.98%	–
INTC	New	INTEL CORP COM	$4,648,000	–	191,809	–	1.93%	–
XOM	New	EXXON MOBIL CORP COM	$4,466,000	–	49,432	–	1.86%	–
DOW	New	DOW CHEMICAL CO	$4,432,000	–	137,775	–	1.84%	–
SO	New	SOUTHERN COMPANY	$4,037,000	–	91,475	–	1.68%	–
DUK	New	DUKE ENERGY CORP NEW COM	$3,997,000	–	59,223	–	1.66%	–
CMI	New	CUMMINS INC COM	$3,691,000	–	34,035	–	1.53%	–
T	New	AT&T INC COM	$3,657,000	–	103,319	–	1.52%	–
4945SC	New	KINDER MORGAN ENERGY PTNRS	$3,543,000	–	41,485	–	1.47%	–
BP	New	BP PLC SPON ADR	$3,499,000	–	83,835	–	1.45%	–
BMY	New	BRISTOL MYERS SQUIBB CO COM	$3,477,000	–	77,802	–	1.44%	–
AXP	New	AMER EXPRESS COMPANY	$3,373,000	–	45,120	–	1.40%	–
MRK	New	MERCK & CO INC NEW COM	$3,347,000	–	72,066	–	1.39%	–
MCD	New	MCDONALDS CORP COM	$3,302,000	–	33,349	–	1.37%	–
A	New	AGILENT TECHNOLOGIES INC	$3,178,000	–	74,325	–	1.32%	–
FDX	New	FEDEX CORP COM	$3,002,000	–	30,450	–	1.25%	–
DIS	New	DISNEY (WALT) CO COM STK	$2,942,000	–	46,595	–	1.22%	–
DD	New	DU PONT E I DE NEMOURS	$2,925,000	–	55,716	–	1.22%	–
CLX	New	CLOROX CO COM	$2,619,000	–	31,497	–	1.09%	–
C	New	CITIGROUP INC COM NEW	$2,560,000	–	53,360	–	1.06%	–
WHR	New	WHIRLPOOL CORP COM	$2,322,000	–	20,305	–	0.96%	–
JPM	New	JPMORGAN CHASE & CO	$2,205,000	–	41,777	–	0.92%	–
BAC	New	BANK OF AMERICA CORP	$2,179,000	–	169,410	–	0.90%	–
TXN	New	TEXAS INSTRUMENTS	$2,086,000	–	59,849	–	0.87%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$2,064,000	–	97,204	–	0.86%	–
BAX	New	BAXTER INTERNATIONAL INC	$2,012,000	–	29,047	–	0.84%	–
LMT	New	LOCKHEED MARTIN CORP COM	$1,814,000	–	16,728	–	0.75%	–
AVP	New	AVON PRODS INC COM	$1,790,000	–	85,115	–	0.74%	–
GLW	New	CORNING INC	$1,696,000	–	119,180	–	0.70%	–
TM	New	TOYOTA MOTOR CORP ADR	$1,645,000	–	13,637	–	0.68%	–
PCL	New	PLUM CREEK TIMBER CO INC	$1,621,000	–	34,730	–	0.67%	–
ABT	New	ABBOTT LABORATORIES COM	$1,600,000	–	45,858	–	0.66%	–
HOG	New	HARLEY DAVIDSON INC	$1,579,000	–	28,800	–	0.66%	–
HMC	New	HONDA MOTOR ADR NEW	$1,527,000	–	40,990	–	0.63%	–
VMC	New	VULCAN MATERIALS CO	$1,469,000	–	30,341	–	0.61%	–
LLY	New	ELI LILLY & CO	$1,455,000	–	29,620	–	0.60%	–
ABBV	New	ABBVIE INC COM	$1,450,000	–	35,080	–	0.60%	–
SE	New	SPECTRA ENERGY CORP COM	$1,445,000	–	41,931	–	0.60%	–
BHI	New	BAKER HUGHES INC COM	$1,358,000	–	29,440	–	0.56%	–
MO	New	ALTRIA GROUP INC	$1,283,000	–	36,654	–	0.53%	–
CAH	New	CARDINAL HEALTH INC COM	$1,264,000	–	26,774	–	0.52%	–
LNC	New	Lincoln National Corp Ind	$1,189,000	–	32,600	–	0.49%	–
RTN	New	RAYTHEON COM NEW	$1,074,000	–	16,250	–	0.45%	–
CL	New	COLGATE PALMOLIVE	$912,000	–	15,916	–	0.38%	–
RDSA	New	ROYAL DUTCH SHELL PLC SPONSORE	$899,000	–	14,093	–	0.37%	–
VZ	New	VERIZON COMMUNICATNS COM	$839,000	–	16,676	–	0.35%	–
PNW	New	PINNACLE WEST CAP CORP COM	$831,000	–	14,975	–	0.34%	–
AEP	New	AMERICAN ELECTRIC POWER CO	$664,000	–	14,820	–	0.28%	–
WMT	New	WAL-MART STORES INC	$656,000	–	8,801	–	0.27%	–
GAS	New	AGL RESOURCES INC COM	$627,000	–	14,618	–	0.26%	–
EBAY	New	EBAY INC COM	$595,000	–	11,500	–	0.25%	–
COST	New	COSTCO WHOLESALE CRP DEL	$547,000	–	4,950	–	0.23%	–
KRFT	New	KRAFT FOODS GROUP INC SHS	$539,000	–	9,653	–	0.22%	–
COP	New	CONOCOPHILLIPS	$500,000	–	8,260	–	0.21%	–
AAPL	New	APPLE INC	$494,000	–	1,247	–	0.20%	–
FLEX	New	FLEXTRONICS INTL LTD	$468,000	–	60,500	–	0.19%	–
PCAR	New	PACCAR INC	$466,000	–	8,675	–	0.19%	–
MTW	New	MANITOWOC CO INC WIS	$462,000	–	25,805	–	0.19%	–
PM	New	PHILIP MORRIS INTL INC	$461,000	–	5,318	–	0.19%	–
HRL	New	HORMEL FOODS CORP	$455,000	–	11,800	–	0.19%	–
CINF	New	CINN FINCL CRP OHIO	$435,000	–	9,481	–	0.18%	–
NEM	New	NEWMONT MNG CORP COM	$416,000	–	13,875	–	0.17%	–
ED	New	CONSOLIDATED EDISON INC	$404,000	–	6,935	–	0.17%	–
EGN	New	ENERGEN CRP COM PV 1CENT	$397,000	–	7,600	–	0.16%	–
PEP	New	PEPSICO INC	$379,000	–	4,628	–	0.16%	–
MSFT	New	MICROSOFT CORP	$373,000	–	10,788	–	0.16%	–
BBT	New	BB&T CORP	$349,000	–	10,301	–	0.14%	–
ITW	New	ILLINOIS TOOL WORKS INC	$324,000	–	4,680	–	0.14%	–
IWM	New	ISHARES TR RUSSELL 2000 INDEX	$311,000	–	3,205	–	0.13%	–
RAI	New	REYNOLDS AMERICAN INC	$310,000	–	6,400	–	0.13%	–
CLP	New	COLONIAL PPTYS T SBI ALAREIT	$302,000	–	12,500	–	0.12%	–
MDLZ	New	MONDELEZ INTERNATIONAL INC	$299,000	–	10,471	–	0.12%	–
EMN	New	EASTMAN CHEMICAL CO	$298,000	–	4,250	–	0.12%	–
GS	New	GOLDMAN SACHS GROUP INC	$293,000	–	1,935	–	0.12%	–
SCG	New	SCANA CORP NEW COM	$275,000	–	5,596	–	0.11%	–
TMK	New	TORCHMARK CORP	$254,000	–	3,900	–	0.10%	–
	New	Rockwell Automation Inc	$249,000	–	3,000	–	0.10%	–
VLO	New	VALERO ENERGY CORP NEW	$243,000	–	7,000	–	0.10%	–
KMB	New	KIMBERLY CLARK CORP	$243,000	–	2,498	–	0.10%	–
NI	New	NISOURCE INC	$226,000	–	7,875	–	0.09%	–
JCPNQ	New	PENNEY J C INCORPORATED	$224,000	–	13,100	–	0.09%	–
IVV	New	ISHARES TRUST S&P 500 S&P 500	$219,000	–	1,360	–	0.09%	–
UTX	New	UNITED TECHS CORP COM	$208,000	–	2,239	–	0.09%	–
RRD	New	R R DONNELLEY SONS	$143,000	–	10,230	–	0.06%	–
BSX	New	BOSTON SCIENTIFIC CORP	$139,000	–	15,000	–	0.06%	–
SNV	New	SYNOVUS FINANCIAL CORP	$31,000	–	10,768	–	0.01%	–
EKDKQ	New	Eastman Kodak	$6,000	–	49,500	–	0.00%	–
	New	SMURFIT STONE CONTAINER CP	$0	–	15,500	–	0.00%	–

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