Historical Stock Holdings

Hillman Value Fund

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$221 M BMY
Bristol-Myers Squibb
3.60% of portfolio
 		USB
U.S. Bancorp
3.23% of portfolio
 		T
AT&T Inc.
3.09% of portfolio
 		DD
DuPont de Nemours Inc.
3.06% of portfolio
 		CPB
Campbell Soup
3.05% of portfolio
 		NKE
NIKE Inc.
3.02% of portfolio
 		WBD
Warner Bros. Discovery Inc.
3.01% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.98% of portfolio
 		PFE
Pfizer Inc.
2.89% of portfolio
 		DIS
Walt Disney Co.
2.83% of portfolio
 		MSFT
Microsoft Corp.
2.80% of portfolio
 		JWN
Nordstrom
2.80% of portfolio
 		EMR
Emerson Electric
2.78% of portfolio
 		VZ
Verizon Communications
2.78% of portfolio
 		NUE
Nucor Corp.
2.78% of portfolio
 		SPG
Simon Property Group Inc.
2.77% of portfolio
 		CAG
Conagra Brands Inc.
2.74% of portfolio
 		KHC
Kraft Heinz Co.
2.70% of portfolio
 		CMCSA
Comcast Corp.
2.69% of portfolio
 		KMX
CarMax Inc.
2.69% of portfolio
2024   Q2$220 M T
AT&T Inc.
3.01% of portfolio
 		VZ
Verizon Communications
2.91% of portfolio
 		BK
Bank of New York Mellon Corp.
2.91% of portfolio
 		USB
U.S. Bancorp
2.88% of portfolio
 		BMY
Bristol-Myers Squibb
2.88% of portfolio
 		PFE
Pfizer Inc.
2.88% of portfolio
 		EMR
Emerson Electric
2.87% of portfolio
 		DD
DuPont de Nemours Inc.
2.84% of portfolio
 		SPG
Simon Property Group Inc.
2.84% of portfolio
 		ADBE
Adobe Inc.
2.83% of portfolio
 		GOOGL
Alphabet Inc.
2.80% of portfolio
 		CPB
Campbell Soup
2.78% of portfolio
 		JWN
Nordstrom
2.77% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.75% of portfolio
 		GSK
GSK plc
2.75% of portfolio
 		KHC
Kraft Heinz Co.
2.73% of portfolio
 		NKE
NIKE Inc.
2.72% of portfolio
 		MSFT
Microsoft Corp.
2.72% of portfolio
 		K
Kellanova
2.70% of portfolio
 		WFC
Wells Fargo
2.70% of portfolio
2024   Q1$241 M CRM
Salesforce.com
3.22% of portfolio
 		JWN
Nordstrom
3.17% of portfolio
 		EMR
Emerson Electric
3.10% of portfolio
 		BK
Bank of New York Mellon Corp.
3.10% of portfolio
 		GSK
GSK plc
3.07% of portfolio
 		AMZN
Amazon.com Inc.
3.06% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.97% of portfolio
 		DD
DuPont de Nemours Inc.
2.95% of portfolio
 		WFC
Wells Fargo
2.95% of portfolio
 		USB
U.S. Bancorp
2.89% of portfolio
 		MSFT
Microsoft Corp.
2.85% of portfolio
 		GOOGL
Alphabet Inc.
2.81% of portfolio
 		EL
Estee Lauder Cos.
2.81% of portfolio
 		KMX
CarMax Inc.
2.78% of portfolio
 		BAX
Baxter International Inc.
2.74% of portfolio
 		CVS
CVS Health Corp.
2.71% of portfolio
 		VZ
Verizon Communications
2.70% of portfolio
 		K
Kellanova
2.68% of portfolio
 		SPG
Simon Property Group Inc.
2.68% of portfolio
 		T
AT&T Inc.
2.65% of portfolio
2023   Q4$223 M SPG
Simon Property Group Inc.
3.20% of portfolio
 		JWN
Nordstrom
3.12% of portfolio
 		CRM
Salesforce.com
3.04% of portfolio
 		USB
U.S. Bancorp
3.03% of portfolio
 		BK
Bank of New York Mellon Corp.
3.03% of portfolio
 		LRCX
Lam Research
3.02% of portfolio
 		CVS
CVS Health Corp.
2.90% of portfolio
 		ASML
ASML Holding NV
2.88% of portfolio
 		EMR
Emerson Electric
2.88% of portfolio
 		EL
Estee Lauder Cos.
2.88% of portfolio
 		GSK
GSK plc
2.87% of portfolio
 		KHC
Kraft Heinz Co.
2.82% of portfolio
 		BIIB
Biogen Inc.
2.81% of portfolio
 		AMZN
Amazon.com Inc.
2.79% of portfolio
 		MSFT
Microsoft Corp.
2.76% of portfolio
 		META
Meta Platforms Inc.
2.75% of portfolio
 		T
AT&T Inc.
2.73% of portfolio
 		BA
Boeing Co.
2.71% of portfolio
 		WFC
Wells Fargo
2.71% of portfolio
 		BAX
Baxter International Inc.
2.69% of portfolio
2023   Q3$202 M ADBE
Adobe Inc.
3.69% of portfolio
 		MSFT
Microsoft Corp.
3.65% of portfolio
 		GOOGL
Alphabet Inc.
3.63% of portfolio
 		WU
Western Union Co.
3.45% of portfolio
 		EMR
Emerson Electric
3.16% of portfolio
 		GSK
GSK plc
3.10% of portfolio
 		BIIB
Biogen Inc.
3.09% of portfolio
 		BDX
Becton Dickinson
3.07% of portfolio
 		WFC
Wells Fargo
2.99% of portfolio
 		INTC
Intel Corp.
2.95% of portfolio
 		DIS
Walt Disney Co.
2.93% of portfolio
 		TSM
Taiwan Semiconductor S.A.
2.91% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.90% of portfolio
 		BUD
Anheuser-Busch InBev
2.90% of portfolio
 		META
Meta Platforms Inc.
2.90% of portfolio
 		BAX
Baxter International Inc.
2.90% of portfolio
 		BA
Boeing Co.
2.87% of portfolio
 		KHC
Kraft Heinz Co.
2.83% of portfolio
 		CVS
CVS Health Corp.
2.83% of portfolio
 		VZ
Verizon Communications
2.82% of portfolio
2023   Q2$210 M LRCX
Lam Research
3.85% of portfolio
 		MSFT
Microsoft Corp.
3.78% of portfolio
 		META
Meta Platforms Inc.
3.75% of portfolio
 		AMZN
Amazon.com Inc.
3.59% of portfolio
 		ADBE
Adobe Inc.
3.39% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.25% of portfolio
 		GOOGL
Alphabet Inc.
3.19% of portfolio
 		ZBH
Zimmer Biomet Holdings
3.05% of portfolio
 		BDX
Becton Dickinson
3.01% of portfolio
 		WFC
Wells Fargo
2.99% of portfolio
 		WBD
Warner Bros. Discovery Inc.
2.99% of portfolio
 		WU
Western Union Co.
2.95% of portfolio
 		GSK
GSK plc
2.93% of portfolio
 		ASML
ASML Holding NV
2.92% of portfolio
 		CMP
Compass Minerals International Inc.
2.91% of portfolio
 		EPD
Enterprise Products Partners LP
2.88% of portfolio
 		BUD
Anheuser-Busch InBev
2.86% of portfolio
 		EMR
Emerson Electric
2.83% of portfolio
 		IFF
International Flavors & Fragrances Inc.
2.76% of portfolio
 		JWN
Nordstrom
2.75% of portfolio
2023   Q1$193 M CRM
Salesforce.com
3.97% of portfolio
 		BUD
Anheuser-Busch InBev
3.67% of portfolio
 		MSFT
Microsoft Corp.
3.50% of portfolio
 		LRCX
Lam Research
3.47% of portfolio
 		TSM
Taiwan Semiconductor S.A.
3.27% of portfolio
 		GSK
GSK plc
3.20% of portfolio
 		DIS
Walt Disney Co.
3.12% of portfolio
 		AMZN
Amazon.com Inc.
3.11% of portfolio
 		EPD
Enterprise Products Partners LP
3.09% of portfolio
 		BDX
Becton Dickinson
3.09% of portfolio
 		KHC
Kraft Heinz Co.
3.05% of portfolio
 		META
Meta Platforms Inc.
3.03% of portfolio
 		GOOGL
Alphabet Inc.
3.02% of portfolio
 		ASML
ASML Holding NV
3.00% of portfolio
 		EMR
Emerson Electric
2.99% of portfolio
 		ZBH
Zimmer Biomet Holdings
2.96% of portfolio
 		TROW
T. Rowe Price Group
2.93% of portfolio
 		ADBE
Adobe Inc.
2.92% of portfolio
 		SPG
Simon Property Group Inc.
2.91% of portfolio
 		WFC
Wells Fargo
2.87% of portfolio
2022   Q4$186 M BK
Bank of New York Mellon Corp.
3.43% of portfolio
 		BUD
Anheuser-Busch InBev
3.42% of portfolio
 		EMR
Emerson Electric
3.41% of portfolio
 		BA
Boeing Co.
3.38% of portfolio
 		KHC
Kraft Heinz Co.
3.33% of portfolio
 		WFC
Wells Fargo
3.28% of portfolio
 		BDX
Becton Dickinson
3.28% of portfolio
 		GSK
GSK plc
3.26% of portfolio
 		CVS
CVS Health Corp.
3.25% of portfolio
 		SPG
Simon Property Group Inc.
3.16% of portfolio
 		ZBH
Zimmer Biomet Holdings
3.02% of portfolio
 		MSFT
Microsoft Corp.
3.01% of portfolio
 		K
Kellanova
2.99% of portfolio
 		RTX
RTX Corp.
2.98% of portfolio
 		EPD
Enterprise Products Partners LP
2.98% of portfolio
 		CAG
Conagra Brands Inc.
2.95% of portfolio
 		TROW
T. Rowe Price Group
2.93% of portfolio
 		LRCX
Lam Research
2.85% of portfolio
 		DIS
Walt Disney Co.
2.80% of portfolio
 		DD
DuPont de Nemours Inc.
2.80% of portfolio
2022   Q3$173 M CVS
CVS Health Corp.
3.59% of portfolio
 		WFC
Wells Fargo
3.44% of portfolio
 		CAG
Conagra Brands Inc.
3.30% of portfolio
 		ZBH
Zimmer Biomet Holdings
3.20% of portfolio
 		CRM
Salesforce.com
3.18% of portfolio
 		EPD
Enterprise Products Partners LP
3.17% of portfolio
 		MSFT
Microsoft Corp.
3.15% of portfolio
 		K
Kellanova
3.14% of portfolio
 		BK
Bank of New York Mellon Corp.
3.13% of portfolio
 		GOOGL
Alphabet Inc.
3.10% of portfolio
 		BDX
Becton Dickinson
3.10% of portfolio
 		RTX
RTX Corp.
3.08% of portfolio
 		T
AT&T Inc.
3.06% of portfolio
 		TROW
T. Rowe Price Group
3.04% of portfolio
 		MRK
Merck & Co.
3.00% of portfolio
 		GSK
GSK plc
2.94% of portfolio
 		KHC
Kraft Heinz Co.
2.93% of portfolio
 		BIIB
Biogen Inc.
2.82% of portfolio
 		META
Meta Platforms Inc.
2.80% of portfolio
 		EMR
Emerson Electric
2.80% of portfolio
2022   Q2$205 M MRK
Merck & Co.
3.99% of portfolio
 		K
Kellanova
3.82% of portfolio
 		KHC
Kraft Heinz Co.
3.66% of portfolio
 		T
AT&T Inc.
3.51% of portfolio
 		GSK
GSK plc
3.39% of portfolio
 		CAG
Conagra Brands Inc.
3.33% of portfolio
 		VZ
Verizon Communications
3.09% of portfolio
 		EPD
Enterprise Products Partners LP
3.08% of portfolio
 		CRM
Salesforce.com
3.07% of portfolio
 		RTX
RTX Corp.
3.04% of portfolio
 		LRCX
Lam Research
2.99% of portfolio
 		GOOGL
Alphabet Inc.
2.97% of portfolio
 		CVS
CVS Health Corp.
2.93% of portfolio
 		PAA
Plains All American Pipeline
2.92% of portfolio
 		MSFT
Microsoft Corp.
2.92% of portfolio
 		BIIB
Biogen Inc.
2.89% of portfolio
 		BDX
Becton Dickinson
2.88% of portfolio
 		BK
Bank of New York Mellon Corp.
2.85% of portfolio
 		WFC
Wells Fargo
2.82% of portfolio
 		META
Meta Platforms Inc.
2.80% of portfolio
2022   Q1$236 M GOOGL
Alphabet Inc.
3.30% of portfolio
 		KHC
Kraft Heinz Co.
3.29% of portfolio
 		TROW
T. Rowe Price Group
3.21% of portfolio
 		MRK
Merck & Co.
3.13% of portfolio
 		K
Kellanova
3.01% of portfolio
 		GSK
GSK plc
2.96% of portfolio
 		MMP-OLD
Magellan Midstream Partners LP
2.93% of portfolio
 		META
Meta Platforms Inc.
2.92% of portfolio
 		AMZN
Amazon.com Inc.
2.90% of portfolio
 		BMY
Bristol-Myers Squibb
2.88% of portfolio
 		CAG
Conagra Brands Inc.
2.85% of portfolio
 		EPD
Enterprise Products Partners LP
2.85% of portfolio
 		ASML
ASML Holding NV
2.83% of portfolio
 		ADBE
Adobe Inc.
2.82% of portfolio
 		CVS
CVS Health Corp.
2.79% of portfolio
 		SPG
Simon Property Group Inc.
2.79% of portfolio
 		PAA
Plains All American Pipeline
2.78% of portfolio
 		CMP
Compass Minerals International Inc.
2.77% of portfolio
 		CRM
Salesforce.com
2.76% of portfolio
 		JWN
Nordstrom
2.76% of portfolio
2021   Q4$219 M GOOGL
Alphabet Inc.
3.70% of portfolio
 		SPG
Simon Property Group Inc.
3.65% of portfolio
 		CVS
CVS Health Corp.
3.63% of portfolio
 		BK
Bank of New York Mellon Corp.
3.53% of portfolio
 		WFC
Wells Fargo
3.40% of portfolio
 		RTX
RTX Corp.
3.39% of portfolio
 		DD
DuPont de Nemours Inc.
3.25% of portfolio
 		K
Kellanova
3.24% of portfolio
 		KHC
Kraft Heinz Co.
3.23% of portfolio
 		GSK
GSK plc
3.22% of portfolio
 		AMZN
Amazon.com Inc.
3.20% of portfolio
 		MRK
Merck & Co.
3.15% of portfolio
 		EPD
Enterprise Products Partners LP
3.06% of portfolio
 		BA
Boeing Co.
3.03% of portfolio
 		XOM
Exxon Mobil Corp.
3.02% of portfolio
 		MSFT
Microsoft Corp.
2.99% of portfolio
 		MMP-OLD
Magellan Midstream Partners LP
2.99% of portfolio
 		VZ
Verizon Communications
2.97% of portfolio
 		GD
General Dynamics
2.95% of portfolio
 		BUD
Anheuser-Busch InBev
2.93% of portfolio
2021   Q3$207 M GOOGL
Alphabet Inc.
3.62% of portfolio
 		RTX
RTX Corp.
3.58% of portfolio
 		BA
Boeing Co.
3.51% of portfolio
 		KHC
Kraft Heinz Co.
3.51% of portfolio
 		WFC
Wells Fargo
3.48% of portfolio
 		K
Kellanova
3.40% of portfolio
 		AMZN
Amazon.com Inc.
3.34% of portfolio
 		BK
Bank of New York Mellon Corp.
3.34% of portfolio
 		PFE
Pfizer Inc.
3.31% of portfolio
 		MRK
Merck & Co.
3.27% of portfolio
 		VZ
Verizon Communications
3.27% of portfolio
 		CMP
Compass Minerals International Inc.
3.24% of portfolio
 		EPD
Enterprise Products Partners LP
3.20% of portfolio
 		CVS
CVS Health Corp.
3.16% of portfolio
 		INTC
Intel Corp.
3.15% of portfolio
 		SPG
Simon Property Group Inc.
3.14% of portfolio
 		META
Meta Platforms Inc.
3.12% of portfolio
 		MMP-OLD
Magellan Midstream Partners LP
3.11% of portfolio
 		JWN
Nordstrom
3.07% of portfolio
 		XOM
Exxon Mobil Corp.
3.07% of portfolio
2021   Q2$196 M AMZN
Amazon.com Inc.
3.68% of portfolio
 		WFC
Wells Fargo
3.57% of portfolio
 		MRK
Merck & Co.
3.56% of portfolio
 		PAA
Plains All American Pipeline
3.53% of portfolio
 		GOOGL
Alphabet Inc.
3.48% of portfolio
 		WBD
Warner Bros. Discovery Inc.
3.48% of portfolio
 		XOM
Exxon Mobil Corp.
3.47% of portfolio
 		T
AT&T Inc.
3.37% of portfolio
 		META
Meta Platforms Inc.
3.36% of portfolio
 		SPG
Simon Property Group Inc.
3.32% of portfolio
 		KHC
Kraft Heinz Co.
3.32% of portfolio
 		CVS
CVS Health Corp.
3.27% of portfolio
 		GSK
GSK plc
3.24% of portfolio
 		BIIB
Biogen Inc.
3.21% of portfolio
 		PFE
Pfizer Inc.
3.17% of portfolio
 		BUD
Anheuser-Busch InBev
3.15% of portfolio
 		K
Kellanova
3.14% of portfolio
 		GD
General Dynamics
2.97% of portfolio
 		BDX
Becton Dickinson
2.97% of portfolio
 		RTX
RTX Corp.
2.96% of portfolio
2021   Q1$168 M K
Kellanova
3.61% of portfolio
 		WFC
Wells Fargo
3.60% of portfolio
 		XOM
Exxon Mobil Corp.
3.58% of portfolio
 		VZ
Verizon Communications
3.52% of portfolio
 		BDX
Becton Dickinson
3.47% of portfolio
 		KHC
Kraft Heinz Co.
3.47% of portfolio
 		CVS
CVS Health Corp.
3.44% of portfolio
 		GOOGL
Alphabet Inc.
3.43% of portfolio
 		PFE
Pfizer Inc.
3.42% of portfolio
 		GSK
GSK plc
3.39% of portfolio
 		GD
General Dynamics
3.34% of portfolio
 		BA
Boeing Co.
3.33% of portfolio
 		META
Meta Platforms Inc.
3.33% of portfolio
 		PAA
Plains All American Pipeline
3.30% of portfolio
 		CSCO
Cisco Systems
3.26% of portfolio
 		BUD
Anheuser-Busch InBev
3.21% of portfolio
 		RTX
RTX Corp.
3.13% of portfolio
 		T
AT&T Inc.
3.08% of portfolio
 		BK
Bank of New York Mellon Corp.
3.04% of portfolio
 		BIIB
Biogen Inc.
3.03% of portfolio
2020   Q4$131 M JWN
Nordstrom
5.32% of portfolio
 		GE
GE Aerospace
4.17% of portfolio
 		WFC
Wells Fargo
3.58% of portfolio
 		JPM
JPMorgan Chase & Co.
3.56% of portfolio
 		PAA
Plains All American Pipeline
3.53% of portfolio
 		MRK
Merck & Co.
3.53% of portfolio
 		XOM
Exxon Mobil Corp.
3.41% of portfolio
 		RTX
RTX Corp.
3.39% of portfolio
 		CVS
CVS Health Corp.
3.29% of portfolio
 		BK
Bank of New York Mellon Corp.
3.25% of portfolio
 		EPD
Enterprise Products Partners LP
3.19% of portfolio
 		KHC
Kraft Heinz Co.
3.18% of portfolio
 		DD
DuPont de Nemours Inc.
3.16% of portfolio
 		CSCO
Cisco Systems
3.08% of portfolio
 		INTC
Intel Corp.
3.02% of portfolio
 		BUD
Anheuser-Busch InBev
3.01% of portfolio
 		BA
Boeing Co.
2.98% of portfolio
 		GD
General Dynamics
2.98% of portfolio
 		MSFT
Microsoft Corp.
2.89% of portfolio
 		T
AT&T Inc.
2.88% of portfolio
2020   Q3$99 M BIIB
Biogen Inc.
3.78% of portfolio
 		INTC
Intel Corp.
3.76% of portfolio
 		MSFT
Microsoft Corp.
3.61% of portfolio
 		CMP
Compass Minerals International Inc.
3.59% of portfolio
 		CSCO
Cisco Systems
3.58% of portfolio
 		NKE
NIKE Inc.
3.55% of portfolio
 		LH
Labcorp Holdings Inc.
3.42% of portfolio
 		DD
DuPont de Nemours Inc.
3.25% of portfolio
 		GD
General Dynamics
3.21% of portfolio
 		GE
GE Aerospace
3.18% of portfolio
 		WFC
Wells Fargo
3.13% of portfolio
 		VZ
Verizon Communications
3.09% of portfolio
 		BUD
Anheuser-Busch InBev
3.06% of portfolio
 		MRK
Merck & Co.
3.05% of portfolio
 		BA
Boeing Co.
3.04% of portfolio
 		K
Kellanova
3.02% of portfolio
 		PFE
Pfizer Inc.
3.02% of portfolio
 		T
AT&T Inc.
2.96% of portfolio
 		CVS
CVS Health Corp.
2.95% of portfolio
 		XOM
Exxon Mobil Corp.
2.95% of portfolio
2020   Q2$93 M AMZN
Amazon.com Inc.
4.76% of portfolio
 		MSFT
Microsoft Corp.
3.73% of portfolio
 		PAA
Plains All American Pipeline
3.56% of portfolio
 		T
AT&T Inc.
3.36% of portfolio
 		DD
DuPont de Nemours Inc.
3.33% of portfolio
 		K
Kellanova
3.30% of portfolio
 		RTX
RTX Corp.
3.26% of portfolio
 		EPD
Enterprise Products Partners LP
3.23% of portfolio
 		LH
Labcorp Holdings Inc.
3.23% of portfolio
 		SPG
Simon Property Group Inc.
3.17% of portfolio
 		CMP
Compass Minerals International Inc.
3.16% of portfolio
 		KHC
Kraft Heinz Co.
3.13% of portfolio
 		INTC
Intel Corp.
3.10% of portfolio
 		BDX
Becton Dickinson
3.10% of portfolio
 		MCD
McDonald's Corp.
3.07% of portfolio
 		VZ
Verizon Communications
3.06% of portfolio
 		JPM
JPMorgan Chase & Co.
3.04% of portfolio
 		MRK
Merck & Co.
3.04% of portfolio
 		BUD
Anheuser-Busch InBev
2.99% of portfolio
 		NKE
NIKE Inc.
2.96% of portfolio
2020   Q1$67 M BIIB
Biogen Inc.
4.70% of portfolio
 		AMZN
Amazon.com Inc.
4.63% of portfolio
 		MRK
Merck & Co.
4.16% of portfolio
 		K
Kellanova
4.12% of portfolio
 		VZ
Verizon Communications
4.10% of portfolio
 		RTN-OLD
Raytheon Co.
4.09% of portfolio
 		BDX
Becton Dickinson
4.09% of portfolio
 		MSFT
Microsoft Corp.
3.98% of portfolio
 		PFE
Pfizer Inc.
3.95% of portfolio
 		INTC
Intel Corp.
3.86% of portfolio
 		BMY
Bristol-Myers Squibb
3.80% of portfolio
 		MCD
McDonald's Corp.
3.78% of portfolio
 		BUD
Anheuser-Busch InBev
3.68% of portfolio
 		CVS
CVS Health Corp.
3.52% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.46% of portfolio
 		NKE
NIKE Inc.
3.44% of portfolio
 		T
AT&T Inc.
3.40% of portfolio
 		LH
Labcorp Holdings Inc.
3.38% of portfolio
 		KHC
Kraft Heinz Co.
3.34% of portfolio
 		CMP
Compass Minerals International Inc.
2.74% of portfolio
2019   Q4$89 M VZ
Verizon Communications
3.47% of portfolio
 		MCD
McDonald's Corp.
3.44% of portfolio
 		WFC
Wells Fargo
3.40% of portfolio
 		XOM
Exxon Mobil Corp.
3.39% of portfolio
 		MRK
Merck & Co.
3.39% of portfolio
 		GIS
General Mills
3.39% of portfolio
 		JWN
Nordstrom
3.37% of portfolio
 		CVS
CVS Health Corp.
3.36% of portfolio
 		SPG
Simon Property Group Inc.
3.36% of portfolio
 		BIIB
Biogen Inc.
3.35% of portfolio
 		AMZN
Amazon.com Inc.
3.34% of portfolio
 		BUD
Anheuser-Busch InBev
3.34% of portfolio
 		BMY
Bristol-Myers Squibb
3.34% of portfolio
 		IBM
International Business Machines
3.33% of portfolio
 		PFE
Pfizer Inc.
3.32% of portfolio
 		KHC
Kraft Heinz Co.
3.30% of portfolio
 		CMP
Compass Minerals International Inc.
3.30% of portfolio
 		T
AT&T Inc.
3.27% of portfolio
 		DD
DuPont de Nemours Inc.
3.26% of portfolio
 		EPD
Enterprise Products Partners LP
3.24% of portfolio
2019   Q3$60 M NKE
NIKE Inc.
3.74% of portfolio
 		PFE
Pfizer Inc.
3.58% of portfolio
 		K
Kellanova
3.53% of portfolio
 		CVS
CVS Health Corp.
3.46% of portfolio
 		BMY
Bristol-Myers Squibb
3.45% of portfolio
 		WFC
Wells Fargo
3.43% of portfolio
 		DD
DuPont de Nemours Inc.
3.40% of portfolio
 		KHC
Kraft Heinz Co.
3.39% of portfolio
 		SPG
Simon Property Group Inc.
3.36% of portfolio
 		LH
Labcorp Holdings Inc.
3.35% of portfolio
 		EMR
Emerson Electric
3.33% of portfolio
 		JWN
Nordstrom
3.30% of portfolio
 		GS
Goldman Sachs Group
3.30% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.30% of portfolio
 		T
AT&T Inc.
3.27% of portfolio
 		MSFT
Microsoft Corp.
3.23% of portfolio
 		EPD
Enterprise Products Partners LP
3.23% of portfolio
 		BUD
Anheuser-Busch InBev
3.16% of portfolio
 		CMP
Compass Minerals International Inc.
3.10% of portfolio
 		BIIB
Biogen Inc.
3.09% of portfolio
2019   Q2$43 M INTC
Intel Corp.
3.91% of portfolio
 		GIS
General Mills
3.68% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.56% of portfolio
 		DD
DuPont de Nemours Inc.
3.50% of portfolio
 		K
Kellanova
3.50% of portfolio
 		BMY
Bristol-Myers Squibb
3.38% of portfolio
 		KHC
Kraft Heinz Co.
3.33% of portfolio
 		MDLZ
Mondelez International
3.27% of portfolio
 		BIIB
Biogen Inc.
3.27% of portfolio
 		DIS
Walt Disney Co.
3.26% of portfolio
 		MDT
Medtronic plc
3.18% of portfolio
 		CVS
CVS Health Corp.
3.18% of portfolio
 		MCD
McDonald's Corp.
3.15% of portfolio
 		META
Meta Platforms Inc.
3.15% of portfolio
 		XOM
Exxon Mobil Corp.
3.11% of portfolio
 		AMZN
Amazon.com Inc.
3.09% of portfolio
 		PFE
Pfizer Inc.
3.03% of portfolio
 		JWN
Nordstrom
2.97% of portfolio
 		CMP
Compass Minerals International Inc.
2.82% of portfolio
 		VZ
Verizon Communications
2.67% of portfolio
2019   Q1$31 M MDLZ
Mondelez International
4.21% of portfolio
 		PFE
Pfizer Inc.
4.13% of portfolio
 		MDT
Medtronic plc
4.13% of portfolio
 		AMZN
Amazon.com Inc.
4.04% of portfolio
 		MCD
McDonald's Corp.
4.00% of portfolio
 		CMP
Compass Minerals International Inc.
3.88% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.88% of portfolio
 		VZ
Verizon Communications
3.83% of portfolio
 		BIIB
Biogen Inc.
3.83% of portfolio
 		META
Meta Platforms Inc.
3.78% of portfolio
 		GIS
General Mills
3.69% of portfolio
 		DIS
Walt Disney Co.
3.60% of portfolio
 		WU
Western Union Co.
3.41% of portfolio
 		CL
Colgate-Palmolive
3.33% of portfolio
 		IBM
International Business Machines
3.29% of portfolio
 		T
AT&T Inc.
3.25% of portfolio
 		EPD
Enterprise Products Partners LP
3.21% of portfolio
 		SBUX
Starbucks Corp.
3.13% of portfolio
 		TXN
Texas Instruments
3.13% of portfolio
 		LH
Labcorp Holdings Inc.
2.98% of portfolio
2018   Q4$29 M SBUX
Starbucks Corp.
5.10% of portfolio
 		PG
Procter & Gamble
4.75% of portfolio
 		PFE
Pfizer Inc.
4.51% of portfolio
 		MDT
Medtronic plc
4.39% of portfolio
 		MCD
McDonald's Corp.
3.98% of portfolio
 		VZ
Verizon Communications
3.87% of portfolio
 		DIS
Walt Disney Co.
3.78% of portfolio
 		SO
Southern Co.
3.78% of portfolio
 		AMZN
Amazon.com Inc.
3.62% of portfolio
 		MDLZ
Mondelez International
3.59% of portfolio
 		SJM
J.M. Smucker Co
3.45% of portfolio
 		EBAY
eBay Inc.
3.38% of portfolio
 		WU
Western Union Co.
3.35% of portfolio
 		LRCX
Lam Research
3.28% of portfolio
 		CMP
Compass Minerals International Inc.
3.16% of portfolio
 		META
Meta Platforms Inc.
3.16% of portfolio
 		T
AT&T Inc.
3.15% of portfolio
 		CL
Colgate-Palmolive
3.08% of portfolio
 		QCOM
QUALCOMM Inc.
3.06% of portfolio
 		TXN
Texas Instruments
2.96% of portfolio
2018   Q3$32 M AMZN
Amazon.com Inc.
4.35% of portfolio
 		MDT
Medtronic plc
4.28% of portfolio
 		AMGN
Amgen
4.25% of portfolio
 		PFE
Pfizer Inc.
4.11% of portfolio
 		LLY
Eli Lilly & Co.
4.07% of portfolio
 		SBUX
Starbucks Corp.
4.06% of portfolio
 		PG
Procter & Gamble
3.88% of portfolio
 		DIS
Walt Disney Co.
3.63% of portfolio
 		QCOM
QUALCOMM Inc.
3.49% of portfolio
 		MDLZ
Mondelez International
3.47% of portfolio
 		SJM
J.M. Smucker Co
3.41% of portfolio
 		SO
Southern Co.
3.39% of portfolio
 		MCD
McDonald's Corp.
3.38% of portfolio
 		IBM
International Business Machines
3.38% of portfolio
 		WU
Western Union Co.
3.37% of portfolio
 		T
AT&T Inc.
3.34% of portfolio
 		VZ
Verizon Communications
3.32% of portfolio
 		LH
Labcorp Holdings Inc.
3.24% of portfolio
 		CMP
Compass Minerals International Inc.
3.13% of portfolio
 		CL
Colgate-Palmolive
3.12% of portfolio
2018   Q2$29 M AMGN
Amgen
4.20% of portfolio
 		MDT
Medtronic plc
4.13% of portfolio
 		AMZN
Amazon.com Inc.
4.10% of portfolio
 		PG
Procter & Gamble
4.04% of portfolio
 		WU
Western Union Co.
4.00% of portfolio
 		SO
Southern Co.
3.99% of portfolio
 		SJM
J.M. Smucker Co
3.96% of portfolio
 		GE
GE Aerospace
3.94% of portfolio
 		SBUX
Starbucks Corp.
3.88% of portfolio
 		AAPL
Apple Inc.
3.83% of portfolio
 		PFE
Pfizer Inc.
3.75% of portfolio
 		LH
Labcorp Holdings Inc.
3.71% of portfolio
 		MDLZ
Mondelez International
3.68% of portfolio
 		DIS
Walt Disney Co.
3.61% of portfolio
 		LLY
Eli Lilly & Co.
3.59% of portfolio
 		BUD
Anheuser-Busch InBev
3.48% of portfolio
 		IBM
International Business Machines
3.47% of portfolio
 		TXN
Texas Instruments
3.46% of portfolio
 		CMP
Compass Minerals International Inc.
3.40% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.38% of portfolio
2018   Q1$29 M SBUX
Starbucks Corp.
4.60% of portfolio
 		SJM
J.M. Smucker Co
4.59% of portfolio
 		CMG
Chipotle Mexican Grill Inc.
4.58% of portfolio
 		PG
Procter & Gamble
4.11% of portfolio
 		GE
GE Aerospace
3.91% of portfolio
 		AMGN
Amgen
3.89% of portfolio
 		MDT
Medtronic plc
3.88% of portfolio
 		SO
Southern Co.
3.86% of portfolio
 		IBM
International Business Machines
3.82% of portfolio
 		BUD
Anheuser-Busch InBev
3.80% of portfolio
 		WU
Western Union Co.
3.79% of portfolio
 		MDLZ
Mondelez International
3.75% of portfolio
 		CL
Colgate-Palmolive
3.72% of portfolio
 		PFE
Pfizer Inc.
3.68% of portfolio
 		AMZN
Amazon.com Inc.
3.50% of portfolio
 		AAPL
Apple Inc.
3.48% of portfolio
 		DIS
Walt Disney Co.
3.47% of portfolio
 		RIG
Transocean Ltd.
3.42% of portfolio
 		LH
Labcorp Holdings Inc.
3.36% of portfolio
 		HSY
Hershey Co.
3.28% of portfolio
2017   Q4$26 M SBUX
Starbucks Corp.
8.12% of portfolio
 		WU
Western Union Co.
5.45% of portfolio
 		AAPL
Apple Inc.
5.22% of portfolio
 		SJM
J.M. Smucker Co
5.12% of portfolio
 		AMZN
Amazon.com Inc.
4.95% of portfolio
 		EMR
Emerson Electric
4.83% of portfolio
 		CMG
Chipotle Mexican Grill Inc.
4.57% of portfolio
 		AMGN
Amgen
4.42% of portfolio
 		MDT
Medtronic plc
4.36% of portfolio
 		BUD
Anheuser-Busch InBev
4.30% of portfolio
 		MDLZ
Mondelez International
4.29% of portfolio
 		IBM
International Business Machines
4.26% of portfolio
 		HSY
Hershey Co.
4.20% of portfolio
 		PFE
Pfizer Inc.
4.19% of portfolio
 		CMP
Compass Minerals International Inc.
4.18% of portfolio
 		DIS
Walt Disney Co.
4.14% of portfolio
 		RIG
Transocean Ltd.
4.11% of portfolio
 		GE
GE Aerospace
4.03% of portfolio
 		LLY
Eli Lilly & Co.
3.97% of portfolio
 		LH
Labcorp Holdings Inc.
3.69% of portfolio
2017   Q3$31 M SBUX
Starbucks Corp.
6.30% of portfolio
 		BMY
Bristol-Myers Squibb
5.50% of portfolio
 		MSFT
Microsoft Corp.
4.76% of portfolio
 		WU
Western Union Co.
4.56% of portfolio
 		JWN
Nordstrom
4.52% of portfolio
 		AAPL
Apple Inc.
3.94% of portfolio
 		AMGN
Amgen
3.93% of portfolio
 		BUD
Anheuser-Busch InBev
3.81% of portfolio
 		EMR
Emerson Electric
3.61% of portfolio
 		WFC
Wells Fargo
3.52% of portfolio
 		XOM
Exxon Mobil Corp.
3.46% of portfolio
 		RIG
Transocean Ltd.
3.44% of portfolio
 		PFE
Pfizer Inc.
3.42% of portfolio
 		MDLZ
Mondelez International
3.38% of portfolio
 		AMZN
Amazon.com Inc.
3.38% of portfolio
 		HSY
Hershey Co.
3.35% of portfolio
 		IBM
International Business Machines
3.34% of portfolio
 		LLY
Eli Lilly & Co.
3.33% of portfolio
 		QCOM
QUALCOMM Inc.
3.31% of portfolio
 		GE
GE Aerospace
3.25% of portfolio
2017   Q2$32 M BMY
Bristol-Myers Squibb
4.70% of portfolio
 		VZ
Verizon Communications
4.19% of portfolio
 		BAC
Bank of America Corp.
4.17% of portfolio
 		AXP
American Express
3.95% of portfolio
 		NKE
NIKE Inc.
3.69% of portfolio
 		AAPL
Apple Inc.
3.60% of portfolio
 		AMGN
Amgen
3.56% of portfolio
 		WFC
Wells Fargo
3.47% of portfolio
 		BUD
Anheuser-Busch InBev
3.45% of portfolio
 		QCOM
QUALCOMM Inc.
3.45% of portfolio
 		SBUX
Starbucks Corp.
3.41% of portfolio
 		EMR
Emerson Electric
3.36% of portfolio
 		XOM
Exxon Mobil Corp.
3.33% of portfolio
 		AMZN
Amazon.com Inc.
3.33% of portfolio
 		DIS
Walt Disney Co.
3.32% of portfolio
 		META
Meta Platforms Inc.
3.31% of portfolio
 		HSY
Hershey Co.
3.22% of portfolio
 		PFE
Pfizer Inc.
3.15% of portfolio
 		LLY
Eli Lilly & Co.
3.14% of portfolio
 		CMP
Compass Minerals International Inc.
3.07% of portfolio
2017   Q1$27 M BMY
Bristol-Myers Squibb
5.43% of portfolio
 		SBUX
Starbucks Corp.
5.40% of portfolio
 		HSY
Hershey Co.
5.17% of portfolio
 		AMZN
Amazon.com Inc.
4.92% of portfolio
 		BK
Bank of New York Mellon Corp.
4.54% of portfolio
 		AXP
American Express
4.39% of portfolio
 		WFC
Wells Fargo
4.32% of portfolio
 		AAPL
Apple Inc.
4.25% of portfolio
 		DIS
Walt Disney Co.
4.19% of portfolio
 		NKE
NIKE Inc.
4.12% of portfolio
 		AMGN
Amgen
4.00% of portfolio
 		XOM
Exxon Mobil Corp.
4.00% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.68% of portfolio
 		MRK
Merck & Co.
3.52% of portfolio
 		WFM
Whole Foods Market
3.50% of portfolio
 		ODP
ODP Corp.
3.45% of portfolio
 		LH
Labcorp Holdings Inc.
3.18% of portfolio
 		BA
Boeing Co.
3.07% of portfolio
 		TGT
Target Corp.
3.06% of portfolio
 		BAC
Bank of America Corp.
3.05% of portfolio
2016   Q4$32 M SBUX
Starbucks Corp.
4.35% of portfolio
 		HSY
Hershey Co.
4.15% of portfolio
 		MSFT
Microsoft Corp.
3.90% of portfolio
 		BK
Bank of New York Mellon Corp.
3.86% of portfolio
 		BAC
Bank of America Corp.
3.81% of portfolio
 		XOM
Exxon Mobil Corp.
3.73% of portfolio
 		TIF
Tiffany & Co.
3.64% of portfolio
 		WFC
Wells Fargo
3.63% of portfolio
 		AMZN
Amazon.com Inc.
3.53% of portfolio
 		AXP
American Express
3.48% of portfolio
 		INTC
Intel Corp.
3.41% of portfolio
 		TGT
Target Corp.
3.39% of portfolio
 		DIS
Walt Disney Co.
3.27% of portfolio
 		GLW
Corning Inc.
3.26% of portfolio
 		NKE
NIKE Inc.
3.19% of portfolio
 		IBM
International Business Machines
3.12% of portfolio
 		BMY
Bristol-Myers Squibb
3.11% of portfolio
 		WFM
Whole Foods Market
3.08% of portfolio
 		AMGN
Amgen
3.03% of portfolio
 		AAPL
Apple Inc.
2.91% of portfolio
2016   Q3$31 M SBUX
Starbucks Corp.
4.39% of portfolio
 		JWN
Nordstrom
4.21% of portfolio
 		AMZN
Amazon.com Inc.
4.08% of portfolio
 		HSY
Hershey Co.
3.97% of portfolio
 		XOM
Exxon Mobil Corp.
3.74% of portfolio
 		MSFT
Microsoft Corp.
3.74% of portfolio
 		INTC
Intel Corp.
3.68% of portfolio
 		AMGN
Amgen
3.57% of portfolio
 		TIF
Tiffany & Co.
3.53% of portfolio
 		BK
Bank of New York Mellon Corp.
3.37% of portfolio
 		TGT
Target Corp.
3.34% of portfolio
 		GLW
Corning Inc.
3.29% of portfolio
 		SRCL-OLD
Stericycle Inc.
3.12% of portfolio
 		AXP
American Express
3.12% of portfolio
 		IBM
International Business Machines
3.09% of portfolio
 		MRK
Merck & Co.
3.04% of portfolio
 		WFC
Wells Fargo
3.02% of portfolio
 		DIS
Walt Disney Co.
3.01% of portfolio
 		BMY
Bristol-Myers Squibb
2.98% of portfolio
 		YUM
Yum! Brands Inc.
2.95% of portfolio
2016   Q2$28 M WMT
Walmart Inc.
5.13% of portfolio
 		HSY
Hershey Co.
5.10% of portfolio
 		SBUX
Starbucks Corp.
5.01% of portfolio
 		XOM
Exxon Mobil Corp.
4.34% of portfolio
 		AMZN
Amazon.com Inc.
3.77% of portfolio
 		MSFT
Microsoft Corp.
3.59% of portfolio
 		WFM
Whole Foods Market
3.58% of portfolio
 		EMC
EMC Corp.
3.53% of portfolio
 		AMGN
Amgen
3.52% of portfolio
 		INTC
Intel Corp.
3.45% of portfolio
 		DIS
Walt Disney Co.
3.43% of portfolio
 		JWN
Nordstrom
3.34% of portfolio
 		IBM
International Business Machines
3.20% of portfolio
 		AXP
American Express
3.20% of portfolio
 		TIF
Tiffany & Co.
3.19% of portfolio
 		ORCL
Oracle Corp.
3.16% of portfolio
 		JOY
Joy Global Inc.
3.12% of portfolio
 		GLW
Corning Inc.
3.09% of portfolio
 		MRK
Merck & Co.
3.03% of portfolio
 		YUM
Yum! Brands Inc.
2.91% of portfolio
2016   Q1$30 M WMT
Walmart Inc.
4.49% of portfolio
 		HOT
Starwood Hotels & Resorts
4.38% of portfolio
 		BDX
Becton Dickinson
3.99% of portfolio
 		HSY
Hershey Co.
3.87% of portfolio
 		XOM
Exxon Mobil Corp.
3.62% of portfolio
 		TIF
Tiffany & Co.
3.61% of portfolio
 		PFE
Pfizer Inc.
3.40% of portfolio
 		DIS
Walt Disney Co.
3.26% of portfolio
 		WFM
Whole Foods Market
3.25% of portfolio
 		AMGN
Amgen
3.25% of portfolio
 		EMC
EMC Corp.
3.23% of portfolio
 		INTC
Intel Corp.
3.19% of portfolio
 		AXP
American Express
3.02% of portfolio
 		IBM
International Business Machines
2.98% of portfolio
 		ORCL
Oracle Corp.
2.95% of portfolio
 		GLW
Corning Inc.
2.94% of portfolio
 		AMZN
Amazon.com Inc.
2.92% of portfolio
 		GAP
Gap Inc.
2.89% of portfolio
 		AAPL
Apple Inc.
2.86% of portfolio
 		JWN
Nordstrom
2.81% of portfolio
2015   Q4$33 M WFM
Whole Foods Market
4.81% of portfolio
 		BDX
Becton Dickinson
3.77% of portfolio
 		WMT
Walmart Inc.
3.75% of portfolio
 		HSY
Hershey Co.
3.50% of portfolio
 		TIF
Tiffany & Co.
3.50% of portfolio
 		GAP
Gap Inc.
3.40% of portfolio
 		OLED
Universal Display Corp.
3.33% of portfolio
 		AMGN
Amgen
3.28% of portfolio
 		DIS
Walt Disney Co.
3.22% of portfolio
 		AXP
American Express
3.19% of portfolio
 		INTC
Intel Corp.
3.16% of portfolio
 		XOM
Exxon Mobil Corp.
3.15% of portfolio
 		AMZN
Amazon.com Inc.
3.10% of portfolio
 		EMC
EMC Corp.
2.91% of portfolio
 		VZ
Verizon Communications
2.83% of portfolio
 		BAC
Bank of America Corp.
2.83% of portfolio
 		JNJ
Johnson & Johnson
2.74% of portfolio
 		AA
Alcoa Corp.
2.60% of portfolio
 		AAPL
Apple Inc.
2.58% of portfolio
 		IBM
International Business Machines
2.53% of portfolio
2015   Q3$32 M ALL
Allstate Corp.
4.97% of portfolio
 		WMT
Walmart Inc.
4.10% of portfolio
 		HSY
Hershey Co.
3.72% of portfolio
 		AXP
American Express
3.52% of portfolio
 		WFM
Whole Foods Market
3.51% of portfolio
 		BDX
Becton Dickinson
3.36% of portfolio
 		DIS
Walt Disney Co.
3.23% of portfolio
 		OLED
Universal Display Corp.
3.22% of portfolio
 		GE
GE Aerospace
3.19% of portfolio
 		XOM
Exxon Mobil Corp.
3.10% of portfolio
 		BA
Boeing Co.
2.90% of portfolio
 		AMGN
Amgen
2.89% of portfolio
 		INTC
Intel Corp.
2.86% of portfolio
 		EMC
EMC Corp.
2.83% of portfolio
 		MSFT
Microsoft Corp.
2.80% of portfolio
 		AAPL
Apple Inc.
2.79% of portfolio
 		VZ
Verizon Communications
2.75% of portfolio
 		IBM
International Business Machines
2.75% of portfolio
 		BAC
Bank of America Corp.
2.71% of portfolio
 		AA
Alcoa Corp.
2.63% of portfolio
2015   Q2$35 M AAPL
Apple Inc.
5.81% of portfolio
 		OLED
Universal Display Corp.
4.47% of portfolio
 		AMZN
Amazon.com Inc.
3.75% of portfolio
 		AET
Aetna Inc.
3.67% of portfolio
 		AXP
American Express
3.36% of portfolio
 		XOM
Exxon Mobil Corp.
3.16% of portfolio
 		GE
GE Aerospace
3.06% of portfolio
 		ALL
Allstate Corp.
2.99% of portfolio
 		AMGN
Amgen
2.92% of portfolio
 		GS
Goldman Sachs Group
2.89% of portfolio
 		WFM
Whole Foods Market
2.84% of portfolio
 		IBM
International Business Machines
2.81% of portfolio
 		EMC
EMC Corp.
2.81% of portfolio
 		BA
Boeing Co.
2.80% of portfolio
 		GAP
Gap Inc.
2.75% of portfolio
 		K
Kellanova
2.71% of portfolio
 		BAC
Bank of America Corp.
2.70% of portfolio
 		VZ
Verizon Communications
2.68% of portfolio
 		SPLS
Staples Inc.
2.65% of portfolio
 		INTC
Intel Corp.
2.63% of portfolio
2015   Q1$35 M AAPL
Apple Inc.
5.75% of portfolio
 		OLED
Universal Display Corp.
4.02% of portfolio
 		EBAY
eBay Inc.
3.97% of portfolio
 		WU
Western Union Co.
3.58% of portfolio
 		AXP
American Express
3.36% of portfolio
 		ALL
Allstate Corp.
3.27% of portfolio
 		XOM
Exxon Mobil Corp.
3.22% of portfolio
 		AMZN
Amazon.com Inc.
3.20% of portfolio
 		GAP
Gap Inc.
3.11% of portfolio
 		TIF
Tiffany & Co.
3.03% of portfolio
 		AMGN
Amgen
3.03% of portfolio
 		BA
Boeing Co.
3.01% of portfolio
 		GE
GE Aerospace
2.85% of portfolio
 		K
Kellanova
2.84% of portfolio
 		SPLS
Staples Inc.
2.80% of portfolio
 		GLW
Corning Inc.
2.79% of portfolio
 		IBM
International Business Machines
2.76% of portfolio
 		ORCL
Oracle Corp.
2.72% of portfolio
 		EMC
EMC Corp.
2.71% of portfolio
 		INTC
Intel Corp.
2.69% of portfolio
2014   Q4$32 M AAPL
Apple Inc.
5.55% of portfolio
 		EBAY
eBay Inc.
4.21% of portfolio
 		XOM
Exxon Mobil Corp.
3.81% of portfolio
 		ALL
Allstate Corp.
3.51% of portfolio
 		SPLS
Staples Inc.
3.40% of portfolio
 		WU
Western Union Co.
3.36% of portfolio
 		AMD
Advanced Micro Devices
3.34% of portfolio
 		GAP
Gap Inc.
3.29% of portfolio
 		AMGN
Amgen
3.28% of portfolio
 		GLW
Corning Inc.
3.22% of portfolio
 		JOY
Joy Global Inc.
3.20% of portfolio
 		GE
GE Aerospace
3.16% of portfolio
 		ORCL
Oracle Corp.
3.09% of portfolio
 		BAC
Bank of America Corp.
3.07% of portfolio
 		K
Kellanova
3.07% of portfolio
 		CPB
Campbell Soup
3.02% of portfolio
 		IBM
International Business Machines
3.01% of portfolio
 		AMZN
Amazon.com Inc.
2.91% of portfolio
 		GS
Goldman Sachs Group
2.90% of portfolio
 		MSFT
Microsoft Corp.
2.90% of portfolio
2014   Q3$29 M AAPL
Apple Inc.
5.59% of portfolio
 		EBAY
eBay Inc.
4.69% of portfolio
 		RTN-OLD
Raytheon Co.
3.50% of portfolio
 		BBY
Best Buy Co. Inc.
3.48% of portfolio
 		OLED
Universal Display Corp.
3.38% of portfolio
 		AMZN
Amazon.com Inc.
3.33% of portfolio
 		WU
Western Union Co.
3.32% of portfolio
 		CPB
Campbell Soup
3.24% of portfolio
 		BAC
Bank of America Corp.
3.23% of portfolio
 		AMGN
Amgen
3.20% of portfolio
 		MSFT
Microsoft Corp.
3.20% of portfolio
 		JNJ
Johnson & Johnson
3.20% of portfolio
 		K
Kellanova
3.19% of portfolio
 		NUE
Nucor Corp.
3.18% of portfolio
 		BA
Boeing Co.
3.08% of portfolio
 		MRK
Merck & Co.
3.07% of portfolio
 		GS
Goldman Sachs Group
3.04% of portfolio
 		GLW
Corning Inc.
3.00% of portfolio
 		WMT
Walmart Inc.
2.90% of portfolio
 		ORCL
Oracle Corp.
2.90% of portfolio
2014   Q2$27 M AAPL
Apple Inc.
5.44% of portfolio
 		EBAY
eBay Inc.
4.37% of portfolio
 		WU
Western Union Co.
3.78% of portfolio
 		GLW
Corning Inc.
3.59% of portfolio
 		K
Kellanova
3.59% of portfolio
 		OLED
Universal Display Corp.
3.50% of portfolio
 		AXP
American Express
3.45% of portfolio
 		BBY
Best Buy Co. Inc.
3.38% of portfolio
 		RTN-OLD
Raytheon Co.
3.36% of portfolio
 		JNJ
Johnson & Johnson
3.31% of portfolio
 		ORCL
Oracle Corp.
3.24% of portfolio
 		CAT
Caterpillar Inc.
3.16% of portfolio
 		MRK
Merck & Co.
3.16% of portfolio
 		BAC
Bank of America Corp.
3.07% of portfolio
 		NUE
Nucor Corp.
3.04% of portfolio
 		MSFT
Microsoft Corp.
3.03% of portfolio
 		WMT
Walmart Inc.
3.00% of portfolio
 		YUM
Yum! Brands Inc.
2.95% of portfolio
 		GS
Goldman Sachs Group
2.92% of portfolio
 		AMGN
Amgen
2.84% of portfolio
2014   Q1$28 M AAPL
Apple Inc.
4.43% of portfolio
 		WU
Western Union Co.
3.52% of portfolio
 		BAC
Bank of America Corp.
3.39% of portfolio
 		K
Kellanova
3.37% of portfolio
 		GLW
Corning Inc.
3.36% of portfolio
 		RTN-OLD
Raytheon Co.
3.26% of portfolio
 		ALL
Allstate Corp.
3.24% of portfolio
 		ORCL
Oracle Corp.
3.23% of portfolio
 		AXP
American Express
3.23% of portfolio
 		NUE
Nucor Corp.
3.08% of portfolio
 		JNJ
Johnson & Johnson
3.06% of portfolio
 		MRK
Merck & Co.
3.05% of portfolio
 		WMT
Walmart Inc.
3.01% of portfolio
 		EBAY
eBay Inc.
2.97% of portfolio
 		AET
Aetna Inc.
2.96% of portfolio
 		MSFT
Microsoft Corp.
2.94% of portfolio
 		AMGN
Amgen
2.92% of portfolio
 		CAT
Caterpillar Inc.
2.85% of portfolio
 		BBY
Best Buy Co. Inc.
2.84% of portfolio
 		GS
Goldman Sachs Group
2.82% of portfolio
2013   Q4$27 M AAPL
Apple Inc.
4.82% of portfolio
 		WU
Western Union Co.
3.87% of portfolio
 		NUE
Nucor Corp.
3.39% of portfolio
 		AXP
American Express
3.39% of portfolio
 		ALL
Allstate Corp.
3.26% of portfolio
 		HPQ
HP Inc.
3.24% of portfolio
 		BAC
Bank of America Corp.
3.20% of portfolio
 		GS
Goldman Sachs Group
3.18% of portfolio
 		ORCL
Oracle Corp.
3.15% of portfolio
 		RTN-OLD
Raytheon Co.
3.12% of portfolio
 		EBAY
eBay Inc.
3.08% of portfolio
 		GLW
Corning Inc.
3.00% of portfolio
 		PETM
PetSmart Inc.
2.99% of portfolio
 		JNJ
Johnson & Johnson
2.98% of portfolio
 		YUM
Yum! Brands Inc.
2.83% of portfolio
 		AET
Aetna Inc.
2.82% of portfolio
 		MRK
Merck & Co.
2.81% of portfolio
 		AMGN
Amgen
2.81% of portfolio
 		IBM
International Business Machines
2.80% of portfolio
 		MSFT
Microsoft Corp.
2.80% of portfolio
2013   Q3$25 M PETM
PetSmart Inc.
3.39% of portfolio
 		NUE
Nucor Corp.
3.36% of portfolio
 		ALL
Allstate Corp.
3.26% of portfolio
 		GE
GE Aerospace
3.17% of portfolio
 		JPM
JPMorgan Chase & Co.
3.11% of portfolio
 		GS
Goldman Sachs Group
3.06% of portfolio
 		JNJ
Johnson & Johnson
3.04% of portfolio
 		IBM
International Business Machines
2.99% of portfolio
 		ORCL
Oracle Corp.
2.95% of portfolio
 		MRK
Merck & Co.
2.88% of portfolio
 		YUM
Yum! Brands Inc.
2.88% of portfolio
 		CSCO
Cisco Systems
2.87% of portfolio
 		EMC
EMC Corp.
2.86% of portfolio
 		BA
Boeing Co.
2.85% of portfolio
 		NSC
Norfolk Southern Corp.
2.81% of portfolio
 		INTC
Intel Corp.
2.80% of portfolio
 		PFE
Pfizer Inc.
2.75% of portfolio
 		MSFT
Microsoft Corp.
2.69% of portfolio
 		GLW
Corning Inc.
2.65% of portfolio
 		HPQ
HP Inc.
2.63% of portfolio
2013   Q2$32 M SPLS
Staples Inc.
4.51% of portfolio
 		LH
Labcorp Holdings Inc.
3.16% of portfolio
 		AAPL
Apple Inc.
3.13% of portfolio
 		RTN-OLD
Raytheon Co.
3.13% of portfolio
 		BAC
Bank of America Corp.
3.07% of portfolio
 		AET
Aetna Inc.
2.91% of portfolio
 		AXP
American Express
2.59% of portfolio
 		WU
Western Union Co.
2.54% of portfolio
 		FDX
FedEx Corp.
2.49% of portfolio
 		JPM
JPMorgan Chase & Co.
2.48% of portfolio
 		HPQ
HP Inc.
2.43% of portfolio
 		ALL
Allstate Corp.
2.43% of portfolio
 		IBM
International Business Machines
2.41% of portfolio
 		GE
GE Aerospace
2.41% of portfolio
 		JNJ
Johnson & Johnson
2.36% of portfolio
 		WFC
Wells Fargo
2.34% of portfolio
 		PETM
PetSmart Inc.
2.33% of portfolio
 		AMGN
Amgen
2.33% of portfolio
 		CSCO
Cisco Systems
2.33% of portfolio
 		NUE
Nucor Corp.
2.32% of portfolio
2013   Q1$25 M SPLS
Staples Inc.
4.84% of portfolio
 		BAC
Bank of America Corp.
3.69% of portfolio
 		RTN-OLD
Raytheon Co.
3.53% of portfolio
 		BA
Boeing Co.
3.44% of portfolio
 		BBY
Best Buy Co. Inc.
3.10% of portfolio
 		K
Kellanova
3.09% of portfolio
 		GE
GE Aerospace
3.05% of portfolio
 		AXP
American Express
2.97% of portfolio
 		AET
Aetna Inc.
2.97% of portfolio
 		HPQ
HP Inc.
2.96% of portfolio
 		ADP
Automatic Data Processing Inc.
2.86% of portfolio
 		ORCL
Oracle Corp.
2.85% of portfolio
 		JNJ
Johnson & Johnson
2.84% of portfolio
 		NKE
NIKE Inc.
2.83% of portfolio
 		GS
Goldman Sachs Group
2.83% of portfolio
 		YHOO
Yahoo Inc.
2.83% of portfolio
 		JPM
JPMorgan Chase & Co.
2.83% of portfolio
 		WU
Western Union Co.
2.83% of portfolio
 		WFC
Wells Fargo
2.67% of portfolio
 		AAPL
Apple Inc.
2.66% of portfolio
2012   Q4$19 M BAC
Bank of America Corp.
4.52% of portfolio
 		IR
Ingersoll Rand Inc.
3.75% of portfolio
 		ORCL
Oracle Corp.
3.58% of portfolio
 		GE
GE Aerospace
3.55% of portfolio
 		PFE
Pfizer Inc.
3.47% of portfolio
 		RTN-OLD
Raytheon Co.
3.40% of portfolio
 		JPM
JPMorgan Chase & Co.
3.37% of portfolio
 		ROK
Rockwell Automation Inc.
3.34% of portfolio
 		JOY
Joy Global Inc.
3.33% of portfolio
 		AET
Aetna Inc.
3.16% of portfolio
 		GS
Goldman Sachs Group
3.15% of portfolio
 		JNJ
Johnson & Johnson
3.14% of portfolio
 		K
Kellanova
3.08% of portfolio
 		CSCO
Cisco Systems
3.07% of portfolio
 		HNZ
Heinz (H.J.)
2.97% of portfolio
 		AXP
American Express
2.97% of portfolio
 		XOM
Exxon Mobil Corp.
2.94% of portfolio
 		TXN
Texas Instruments
2.92% of portfolio
 		AAPL
Apple Inc.
2.91% of portfolio
 		BA
Boeing Co.
2.91% of portfolio
2012   Q3$15 M GE
GE Aerospace
4.94% of portfolio
 		AAPL
Apple Inc.
4.68% of portfolio
 		IR
Ingersoll Rand Inc.
4.50% of portfolio
 		PFE
Pfizer Inc.
4.42% of portfolio
 		BAC
Bank of America Corp.
4.41% of portfolio
 		ORCL
Oracle Corp.
4.35% of portfolio
 		RTN-OLD
Raytheon Co.
4.34% of portfolio
 		WU
Western Union Co.
4.13% of portfolio
 		XOM
Exxon Mobil Corp.
3.99% of portfolio
 		JPM
JPMorgan Chase & Co.
3.99% of portfolio
 		JNJ
Johnson & Johnson
3.97% of portfolio
 		MSFT
Microsoft Corp.
3.86% of portfolio
 		CSCO
Cisco Systems
3.84% of portfolio
 		AXP
American Express
3.78% of portfolio
 		JOY
Joy Global Inc.
3.76% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
3.66% of portfolio
 		K
Kellanova
3.66% of portfolio
 		GS
Goldman Sachs Group
3.61% of portfolio
 		ROK
Rockwell Automation Inc.
3.55% of portfolio
 		AET
Aetna Inc.
3.47% of portfolio
2012   Q2$11 M GE
GE Aerospace
5.98% of portfolio
 		RTN-OLD
Raytheon Co.
5.69% of portfolio
 		IR
Ingersoll Rand Inc.
5.61% of portfolio
 		ORCL
Oracle Corp.
5.42% of portfolio
 		AAPL
Apple Inc.
5.41% of portfolio
 		PFE
Pfizer Inc.
5.41% of portfolio
 		BAC
Bank of America Corp.
5.41% of portfolio
 		MSFT
Microsoft Corp.
5.24% of portfolio
 		JNJ
Johnson & Johnson
5.13% of portfolio
 		AXP
American Express
5.11% of portfolio
 		WU
Western Union Co.
5.05% of portfolio
 		XOM
Exxon Mobil Corp.
4.93% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.86% of portfolio
 		BA
Boeing Co.
4.86% of portfolio
 		JPM
JPMorgan Chase & Co.
4.65% of portfolio
 		TXN
Texas Instruments
4.61% of portfolio
 		CSCO
Cisco Systems
4.56% of portfolio
 		RIG
Transocean Ltd.
4.45% of portfolio
 		GS
Goldman Sachs Group
4.02% of portfolio
 		HPQ
HP Inc.
3.60% of portfolio
2012   Q1$13 M WU
Western Union Co.
5.89% of portfolio
 		BAC
Bank of America Corp.
5.77% of portfolio
 		AAPL
Apple Inc.
5.73% of portfolio
 		JPM
JPMorgan Chase & Co.
5.46% of portfolio
 		GE
GE Aerospace
5.27% of portfolio
 		PFE
Pfizer Inc.
5.18% of portfolio
 		CSCO
Cisco Systems
5.12% of portfolio
 		AXP
American Express
5.07% of portfolio
 		MSFT
Microsoft Corp.
5.04% of portfolio
 		IR
Ingersoll Rand Inc.
5.01% of portfolio
 		RIG
Transocean Ltd.
4.97% of portfolio
 		TXN
Texas Instruments
4.93% of portfolio
 		ORCL
Oracle Corp.
4.85% of portfolio
 		RTN-OLD
Raytheon Co.
4.84% of portfolio
 		GS
Goldman Sachs Group
4.76% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.64% of portfolio
 		JNJ
Johnson & Johnson
4.57% of portfolio
 		XOM
Exxon Mobil Corp.
4.56% of portfolio
 		BA
Boeing Co.
4.45% of portfolio
 		HPQ
HP Inc.
3.90% of portfolio
2011   Q4$11 M RTN-OLD
Raytheon Co.
5.77% of portfolio
 		GE
GE Aerospace
5.65% of portfolio
 		PFE
Pfizer Inc.
5.36% of portfolio
 		XOM
Exxon Mobil Corp.
5.35% of portfolio
 		AAPL
Apple Inc.
5.33% of portfolio
 		BAC
Bank of America Corp.
5.27% of portfolio
 		WU
Western Union Co.
5.21% of portfolio
 		T
AT&T Inc.
5.19% of portfolio
 		MSFT
Microsoft Corp.
5.16% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.14% of portfolio
 		BA
Boeing Co.
5.14% of portfolio
 		GS
Goldman Sachs Group
5.07% of portfolio
 		AXP
American Express
5.00% of portfolio
 		JNJ
Johnson & Johnson
5.00% of portfolio
 		CSCO
Cisco Systems
4.88% of portfolio
 		JPM
JPMorgan Chase & Co.
4.86% of portfolio
 		RIG
Transocean Ltd.
4.85% of portfolio
 		IR
Ingersoll Rand Inc.
4.29% of portfolio
 		GLW
Corning Inc.
3.88% of portfolio
 		HPQ
HP Inc.
3.59% of portfolio
2011   Q3$11 M JNJ
Johnson & Johnson
6.43% of portfolio
 		AAPL
Apple Inc.
6.30% of portfolio
 		T
AT&T Inc.
6.12% of portfolio
 		SBUX
Starbucks Corp.
5.99% of portfolio
 		PFE
Pfizer Inc.
5.98% of portfolio
 		AXP
American Express
5.89% of portfolio
 		MSFT
Microsoft Corp.
5.74% of portfolio
 		XOM
Exxon Mobil Corp.
5.40% of portfolio
 		BA
Boeing Co.
5.28% of portfolio
 		CSCO
Cisco Systems
5.18% of portfolio
 		WU
Western Union Co.
5.04% of portfolio
 		GE
GE Aerospace
5.03% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.69% of portfolio
 		JPM
JPMorgan Chase & Co.
4.62% of portfolio
 		IR
Ingersoll Rand Inc.
4.15% of portfolio
 		RIG
Transocean Ltd.
4.07% of portfolio
 		GS
Goldman Sachs Group
3.99% of portfolio
 		GLW
Corning Inc.
3.87% of portfolio
 		HPQ
HP Inc.
3.28% of portfolio
 		BAC
Bank of America Corp.
2.96% of portfolio
2011   Q2$14 M SBUX
Starbucks Corp.
5.91% of portfolio
 		BA
Boeing Co.
5.56% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.50% of portfolio
 		XOM
Exxon Mobil Corp.
5.48% of portfolio
 		PFE
Pfizer Inc.
5.44% of portfolio
 		AXP
American Express
5.29% of portfolio
 		T
AT&T Inc.
5.27% of portfolio
 		JNJ
Johnson & Johnson
5.24% of portfolio
 		IR
Ingersoll Rand Inc.
5.24% of portfolio
 		WU
Western Union Co.
5.15% of portfolio
 		AAPL
Apple Inc.
5.05% of portfolio
 		MSFT
Microsoft Corp.
4.96% of portfolio
 		JPM
JPMorgan Chase & Co.
4.90% of portfolio
 		GE
GE Aerospace
4.86% of portfolio
 		CSCO
Cisco Systems
4.72% of portfolio
 		GLW
Corning Inc.
4.43% of portfolio
 		GS
Goldman Sachs Group
4.38% of portfolio
 		RIG
Transocean Ltd.
4.31% of portfolio
 		HPQ
HP Inc.
4.15% of portfolio
 		BAC
Bank of America Corp.
4.15% of portfolio
2011   Q1$15 M T
AT&T Inc.
5.36% of portfolio
 		XOM
Exxon Mobil Corp.
5.33% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.26% of portfolio
 		AXP
American Express
5.24% of portfolio
 		IR
Ingersoll Rand Inc.
5.24% of portfolio
 		BA
Boeing Co.
5.23% of portfolio
 		SBUX
Starbucks Corp.
5.20% of portfolio
 		JPM
JPMorgan Chase & Co.
5.19% of portfolio
 		PFE
Pfizer Inc.
5.05% of portfolio
 		WU
Western Union Co.
5.03% of portfolio
 		JNJ
Johnson & Johnson
4.97% of portfolio
 		AAPL
Apple Inc.
4.93% of portfolio
 		GS
Goldman Sachs Group
4.92% of portfolio
 		RIG
Transocean Ltd.
4.89% of portfolio
 		CSCO
Cisco Systems
4.88% of portfolio
 		GE
GE Aerospace
4.87% of portfolio
 		GLW
Corning Inc.
4.74% of portfolio
 		BAC
Bank of America Corp.
4.74% of portfolio
 		MSFT
Microsoft Corp.
4.55% of portfolio
 		HPQ
HP Inc.
4.39% of portfolio
2010   Q4$15 M AAPL
Apple Inc.
5.57% of portfolio
 		IR
Ingersoll Rand Inc.
5.50% of portfolio
 		GE
GE Aerospace
5.36% of portfolio
 		GLW
Corning Inc.
5.31% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.23% of portfolio
 		JPM
JPMorgan Chase & Co.
5.15% of portfolio
 		GS
Goldman Sachs Group
5.14% of portfolio
 		T
AT&T Inc.
5.07% of portfolio
 		GR
Goodrich Corp.
4.97% of portfolio
 		WU
Western Union Co.
4.96% of portfolio
 		MSFT
Microsoft Corp.
4.93% of portfolio
 		HPQ
HP Inc.
4.92% of portfolio
 		PFE
Pfizer Inc.
4.91% of portfolio
 		RIG
Transocean Ltd.
4.89% of portfolio
 		SBUX
Starbucks Corp.
4.87% of portfolio
 		XOM
Exxon Mobil Corp.
4.85% of portfolio
 		BA
Boeing Co.
4.81% of portfolio
 		AET
Aetna Inc.
4.74% of portfolio
 		BAC
Bank of America Corp.
4.67% of portfolio
 		VZ
Verizon Communications
4.14% of portfolio
2010   Q3$14 M WU
Western Union Co.
5.35% of portfolio
 		GR
Goodrich Corp.
5.34% of portfolio
 		GLW
Corning Inc.
5.27% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.25% of portfolio
 		MSFT
Microsoft Corp.
5.23% of portfolio
 		T
AT&T Inc.
5.18% of portfolio
 		IR
Ingersoll Rand Inc.
5.17% of portfolio
 		AET
Aetna Inc.
5.15% of portfolio
 		HPQ
HP Inc.
5.15% of portfolio
 		BA
Boeing Co.
5.14% of portfolio
 		AAPL
Apple Inc.
5.13% of portfolio
 		SBUX
Starbucks Corp.
5.06% of portfolio
 		PFE
Pfizer Inc.
5.04% of portfolio
 		GE
GE Aerospace
4.99% of portfolio
 		GS
Goldman Sachs Group
4.93% of portfolio
 		JPM
JPMorgan Chase & Co.
4.84% of portfolio
 		BAC
Bank of America Corp.
4.81% of portfolio
 		RIG
Transocean Ltd.
4.74% of portfolio
 		XOM
Exxon Mobil Corp.
4.30% of portfolio
 		VZ
Verizon Communications
3.94% of portfolio
2010   Q2$15 M SYY
Sysco Corp.
6.67% of portfolio
 		AEP
American Electric Power
6.03% of portfolio
 		GE
GE Aerospace
5.67% of portfolio
 		GR
Goodrich Corp.
5.53% of portfolio
 		T
AT&T Inc.
5.48% of portfolio
 		IR
Ingersoll Rand Inc.
5.46% of portfolio
 		BA
Boeing Co.
5.28% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.23% of portfolio
 		JPM
JPMorgan Chase & Co.
5.22% of portfolio
 		SBUX
Starbucks Corp.
5.19% of portfolio
 		HPQ
HP Inc.
5.17% of portfolio
 		GLW
Corning Inc.
5.15% of portfolio
 		WU
Western Union Co.
5.05% of portfolio
 		GS
Goldman Sachs Group
4.90% of portfolio
 		MSFT
Microsoft Corp.
4.79% of portfolio
 		PFE
Pfizer Inc.
4.49% of portfolio
 		AET
Aetna Inc.
4.19% of portfolio
 		XOM
Exxon Mobil Corp.
3.87% of portfolio
 		RIG
Transocean Ltd.
3.33% of portfolio
 		VZ
Verizon Communications
3.31% of portfolio
2010   Q1$18 M GLW
Corning Inc.
6.11% of portfolio
 		GR
Goodrich Corp.
6.05% of portfolio
 		GE
GE Aerospace
5.73% of portfolio
 		BA
Boeing Co.
5.60% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.53% of portfolio
 		SYY
Sysco Corp.
5.52% of portfolio
 		SBUX
Starbucks Corp.
5.12% of portfolio
 		AEP
American Electric Power
5.11% of portfolio
 		MKC
McCormick & Co.
5.11% of portfolio
 		JPM
JPMorgan Chase & Co.
5.11% of portfolio
 		GS
Goldman Sachs Group
5.10% of portfolio
 		HPQ
HP Inc.
5.08% of portfolio
 		RIG
Transocean Ltd.
4.98% of portfolio
 		IR
Ingersoll Rand Inc.
4.93% of portfolio
 		MSFT
Microsoft Corp.
4.89% of portfolio
 		T
AT&T Inc.
4.69% of portfolio
 		AET
Aetna Inc.
4.47% of portfolio
 		PFE
Pfizer Inc.
4.33% of portfolio
 		XOM
Exxon Mobil Corp.
3.64% of portfolio
 		VZ
Verizon Communications
2.93% of portfolio
2009   Q4$18 M HPQ
HP Inc.
6.10% of portfolio
 		SBUX
Starbucks Corp.
5.93% of portfolio
 		GLW
Corning Inc.
5.88% of portfolio
 		GR
Goodrich Corp.
5.56% of portfolio
 		BA
Boeing Co.
5.28% of portfolio
 		SYY
Sysco Corp.
5.26% of portfolio
 		AEP
American Electric Power
5.24% of portfolio
 		T
AT&T Inc.
5.13% of portfolio
 		MSFT
Microsoft Corp.
5.13% of portfolio
 		IR
Ingersoll Rand Inc.
5.09% of portfolio
 		GS
Goldman Sachs Group
5.09% of portfolio
 		PFE
Pfizer Inc.
5.06% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.03% of portfolio
 		MKC
McCormick & Co.
4.85% of portfolio
 		RIG
Transocean Ltd.
4.81% of portfolio
 		GE
GE Aerospace
4.80% of portfolio
 		JPM
JPMorgan Chase & Co.
4.79% of portfolio
 		AET
Aetna Inc.
4.07% of portfolio
 		XOM
Exxon Mobil Corp.
3.74% of portfolio
 		VZ
Verizon Communications
3.16% of portfolio
2009   Q3$18 M IR
Ingersoll Rand Inc.
6.25% of portfolio
 		HPQ
HP Inc.
5.80% of portfolio
 		GS
Goldman Sachs Group
5.77% of portfolio
 		MSFT
Microsoft Corp.
5.73% of portfolio
 		SBUX
Starbucks Corp.
5.51% of portfolio
 		BA
Boeing Co.
5.48% of portfolio
 		GE
GE Aerospace
5.41% of portfolio
 		JPM
JPMorgan Chase & Co.
5.23% of portfolio
 		RIG
Transocean Ltd.
5.16% of portfolio
 		T
AT&T Inc.
5.13% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.99% of portfolio
 		GR
Goodrich Corp.
4.89% of portfolio
 		SYY
Sysco Corp.
4.86% of portfolio
 		AEP
American Electric Power
4.85% of portfolio
 		GLW
Corning Inc.
4.84% of portfolio
 		PFE
Pfizer Inc.
4.78% of portfolio
 		MKC
McCormick & Co.
4.73% of portfolio
 		XOM
Exxon Mobil Corp.
3.90% of portfolio
 		AET
Aetna Inc.
3.70% of portfolio
 		VZ
Verizon Communications
3.00% of portfolio
2009   Q2$16 M GS
Goldman Sachs Group
6.34% of portfolio
 		JPM
JPMorgan Chase & Co.
6.08% of portfolio
 		SBUX
Starbucks Corp.
5.94% of portfolio
 		MSFT
Microsoft Corp.
5.76% of portfolio
 		GLW
Corning Inc.
5.56% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.33% of portfolio
 		ADBE
Adobe Inc.
5.29% of portfolio
 		HPQ
HP Inc.
5.20% of portfolio
 		T
AT&T Inc.
5.17% of portfolio
 		MKC
McCormick & Co.
4.97% of portfolio
 		GR
Goodrich Corp.
4.92% of portfolio
 		RIG
Transocean Ltd.
4.90% of portfolio
 		SYY
Sysco Corp.
4.82% of portfolio
 		PFE
Pfizer Inc.
4.75% of portfolio
 		BA
Boeing Co.
4.72% of portfolio
 		IR
Ingersoll Rand Inc.
4.66% of portfolio
 		XOM
Exxon Mobil Corp.
4.36% of portfolio
 		GE
GE Aerospace
4.23% of portfolio
 		AET
Aetna Inc.
3.65% of portfolio
 		VZ
Verizon Communications
3.33% of portfolio
2009   Q1$13 M SBUX
Starbucks Corp.
5.66% of portfolio
 		JPM
JPMorgan Chase & Co.
5.63% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.53% of portfolio
 		GE
GE Aerospace
5.49% of portfolio
 		GLW
Corning Inc.
5.47% of portfolio
 		GR
Goodrich Corp.
5.45% of portfolio
 		GS
Goldman Sachs Group
5.43% of portfolio
 		MKC
McCormick & Co.
5.37% of portfolio
 		MSFT
Microsoft Corp.
5.30% of portfolio
 		HPQ
HP Inc.
5.13% of portfolio
 		PFE
Pfizer Inc.
5.13% of portfolio
 		XOM
Exxon Mobil Corp.
5.05% of portfolio
 		IR
Ingersoll Rand Inc.
4.95% of portfolio
 		T
AT&T Inc.
4.88% of portfolio
 		ADBE
Adobe Inc.
4.76% of portfolio
 		BA
Boeing Co.
4.69% of portfolio
 		RIG
Transocean Ltd.
4.63% of portfolio
 		AET
Aetna Inc.
4.22% of portfolio
 		VZ
Verizon Communications
3.89% of portfolio
 		HST
Host Hotels & Resorts
3.37% of portfolio
2008   Q4$17 M AET
Aetna Inc.
5.55% of portfolio
 		GR
Goodrich Corp.
5.35% of portfolio
 		GS
Goldman Sachs Group
5.31% of portfolio
 		JPM
JPMorgan Chase & Co.
5.25% of portfolio
 		XOM
Exxon Mobil Corp.
5.21% of portfolio
 		T
AT&T Inc.
5.18% of portfolio
 		BA
Boeing Co.
5.17% of portfolio
 		HPQ
HP Inc.
5.14% of portfolio
 		VZ
Verizon Communications
5.13% of portfolio
 		HST
Host Hotels & Resorts
5.11% of portfolio
 		MSFT
Microsoft Corp.
5.07% of portfolio
 		AKAM
Akamai Technologies Inc.
5.03% of portfolio
 		GE
GE Aerospace
5.03% of portfolio
 		GLW
Corning Inc.
4.93% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.92% of portfolio
 		LRCX
Lam Research
4.90% of portfolio
 		IR
Ingersoll Rand Inc.
4.89% of portfolio
 		HD
Home Depot
4.75% of portfolio
 		C
Citigroup Inc.
4.56% of portfolio
 		RIG
Transocean Ltd.
3.52% of portfolio
2008   Q3$32 M JPM
JPMorgan Chase & Co.
5.95% of portfolio
 		GE
GE Aerospace
5.57% of portfolio
 		BA
Boeing Co.
5.52% of portfolio
 		C
Citigroup Inc.
5.42% of portfolio
 		MSFT
Microsoft Corp.
5.41% of portfolio
 		LRCX
Lam Research
5.33% of portfolio
 		AET
Aetna Inc.
5.24% of portfolio
 		HPQ
HP Inc.
5.21% of portfolio
 		VZ
Verizon Communications
5.18% of portfolio
 		XOM
Exxon Mobil Corp.
5.12% of portfolio
 		HST
Host Hotels & Resorts
5.07% of portfolio
 		HD
Home Depot
5.05% of portfolio
 		T
AT&T Inc.
4.88% of portfolio
 		IR
Ingersoll Rand Inc.
4.76% of portfolio
 		GR
Goodrich Corp.
4.75% of portfolio
 		GLW
Corning Inc.
4.64% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.54% of portfolio
 		GS
Goldman Sachs Group
4.44% of portfolio
 		RIG
Transocean Ltd.
4.44% of portfolio
 		AKAM
Akamai Technologies Inc.
3.47% of portfolio
2008   Q2$71 M XOM
Exxon Mobil Corp.
6.83% of portfolio
 		VZ
Verizon Communications
6.31% of portfolio
 		AET
Aetna Inc.
6.17% of portfolio
 		AKAM
Akamai Technologies Inc.
5.99% of portfolio
 		LRCX
Lam Research
5.76% of portfolio
 		T
AT&T Inc.
5.74% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.74% of portfolio
 		RIG
Transocean Ltd.
5.67% of portfolio
 		GS
Goldman Sachs Group
5.62% of portfolio
 		HPQ
HP Inc.
5.53% of portfolio
 		HST
Host Hotels & Resorts
5.48% of portfolio
 		BA
Boeing Co.
5.37% of portfolio
 		WFM
Whole Foods Market
5.14% of portfolio
 		C
Citigroup Inc.
5.12% of portfolio
 		HD
Home Depot
5.08% of portfolio
 		GE
GE Aerospace
5.06% of portfolio
 		JPM
JPMorgan Chase & Co.
4.97% of portfolio
 		DHI
D.R. Horton
4.42% of portfolio
2008   Q1$84 M XOM
Exxon Mobil Corp.
6.03% of portfolio
 		HPQ
HP Inc.
5.97% of portfolio
 		GE
GE Aerospace
5.91% of portfolio
 		AKAM
Akamai Technologies Inc.
5.89% of portfolio
 		T
AT&T Inc.
5.51% of portfolio
 		VZ
Verizon Communications
5.48% of portfolio
 		DHI
D.R. Horton
5.41% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.28% of portfolio
 		JPM
JPMorgan Chase & Co.
5.25% of portfolio
 		HD
Home Depot
5.12% of portfolio
 		LRCX
Lam Research
4.95% of portfolio
 		FDX
FedEx Corp.
4.79% of portfolio
 		MOT
Motorola Inc.
4.67% of portfolio
 		BA
Boeing Co.
4.42% of portfolio
 		ALD
Allied Capital Corp.
4.38% of portfolio
 		GS
Goldman Sachs Group
4.32% of portfolio
 		AET
Aetna Inc.
4.30% of portfolio
 		HST
Host Hotels & Resorts
4.29% of portfolio
 		WFM
Whole Foods Market
4.11% of portfolio
 		C
Citigroup Inc.
3.92% of portfolio
2007   Q4$96 M AKAM
Akamai Technologies Inc.
6.34% of portfolio
 		DHI
D.R. Horton
6.06% of portfolio
 		AET
Aetna Inc.
5.95% of portfolio
 		XOM
Exxon Mobil Corp.
5.85% of portfolio
 		HPQ
HP Inc.
5.78% of portfolio
 		VZ
Verizon Communications
5.75% of portfolio
 		T
AT&T Inc.
5.24% of portfolio
 		GE
GE Aerospace
5.19% of portfolio
 		GS
Goldman Sachs Group
4.92% of portfolio
 		LRCX
Lam Research
4.91% of portfolio
 		C
Citigroup Inc.
4.72% of portfolio
 		JPM
JPMorgan Chase & Co.
4.67% of portfolio
 		BA
Boeing Co.
4.55% of portfolio
 		ALD
Allied Capital Corp.
4.47% of portfolio
 		WFM
Whole Foods Market
4.46% of portfolio
 		MOT
Motorola Inc.
4.39% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.36% of portfolio
 		HD
Home Depot
4.32% of portfolio
 		FDX
FedEx Corp.
4.04% of portfolio
 		HST
Host Hotels & Resorts
4.03% of portfolio
2007   Q3$102 M GR
Goodrich Corp.
5.67% of portfolio
 		VZ
Verizon Communications
5.47% of portfolio
 		GE
GE Aerospace
5.44% of portfolio
 		XOM
Exxon Mobil Corp.
5.42% of portfolio
 		HPQ
HP Inc.
5.35% of portfolio
 		AET
Aetna Inc.
5.25% of portfolio
 		BA
Boeing Co.
5.13% of portfolio
 		C
Citigroup Inc.
5.11% of portfolio
 		WFM
Whole Foods Market
5.02% of portfolio
 		T
AT&T Inc.
5.00% of portfolio
 		HST
Host Hotels & Resorts
4.98% of portfolio
 		AKAM
Akamai Technologies Inc.
4.94% of portfolio
 		HD
Home Depot
4.88% of portfolio
 		DHI
D.R. Horton
4.82% of portfolio
 		MOT
Motorola Inc.
4.76% of portfolio
 		GS
Goldman Sachs Group
4.66% of portfolio
 		JPM
JPMorgan Chase & Co.
4.60% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
4.60% of portfolio
 		ALD
Allied Capital Corp.
4.46% of portfolio
 		FDX
FedEx Corp.
4.45% of portfolio
2007   Q2$96 M EMC
EMC Corp.
5.88% of portfolio
 		VZ
Verizon Communications
5.44% of portfolio
 		GE
GE Aerospace
5.38% of portfolio
 		GR
Goodrich Corp.
5.29% of portfolio
 		XOM
Exxon Mobil Corp.
5.26% of portfolio
 		T
AT&T Inc.
5.25% of portfolio
 		HPQ
HP Inc.
5.13% of portfolio
 		AET
Aetna Inc.
5.11% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.05% of portfolio
 		FDX
FedEx Corp.
5.04% of portfolio
 		BA
Boeing Co.
5.03% of portfolio
 		ALD
Allied Capital Corp.
5.03% of portfolio
 		GS
Goldman Sachs Group
4.98% of portfolio
 		HD
Home Depot
4.94% of portfolio
 		LH
Labcorp Holdings Inc.
4.91% of portfolio
 		MOT
Motorola Inc.
4.87% of portfolio
 		C
Citigroup Inc.
4.80% of portfolio
 		HST
Host Hotels & Resorts
4.23% of portfolio
 		WFM
Whole Foods Market
4.20% of portfolio
 		DHI
D.R. Horton
4.18% of portfolio
2007   Q1$97 M GR
Goodrich Corp.
5.31% of portfolio
 		LH
Labcorp Holdings Inc.
5.24% of portfolio
 		MOT
Motorola Inc.
5.20% of portfolio
 		HPQ
HP Inc.
5.18% of portfolio
 		EMC
EMC Corp.
5.14% of portfolio
 		GS
Goldman Sachs Group
5.12% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.10% of portfolio
 		VZ
Verizon Communications
5.09% of portfolio
 		GE
GE Aerospace
5.08% of portfolio
 		T
AT&T Inc.
5.08% of portfolio
 		FDX
FedEx Corp.
4.99% of portfolio
 		AET
Aetna Inc.
4.97% of portfolio
 		DHI
D.R. Horton
4.94% of portfolio
 		HD
Home Depot
4.93% of portfolio
 		ALD
Allied Capital Corp.
4.90% of portfolio
 		HST
Host Hotels & Resorts
4.89% of portfolio
 		WFM
Whole Foods Market
4.86% of portfolio
 		C
Citigroup Inc.
4.74% of portfolio
 		XOM
Exxon Mobil Corp.
4.67% of portfolio
 		BA
Boeing Co.
4.59% of portfolio
2006   Q4$89 M LH
Labcorp Holdings Inc.
5.39% of portfolio
 		C
Citigroup Inc.
5.35% of portfolio
 		HPQ
HP Inc.
5.35% of portfolio
 		HST
Host Hotels & Resorts
5.27% of portfolio
 		DD-OLD
Du Pont (E.I.) OLD
5.23% of portfolio
 		HD
Home Depot
5.22% of portfolio
 		XOM
Exxon Mobil Corp.
5.22% of portfolio
 		GR
Goodrich Corp.
5.15% of portfolio
 		EMC
EMC Corp.
5.07% of portfolio
 		VZ
Verizon Communications
5.05% of portfolio
 		AEP
American Electric Power
5.05% of portfolio
 		T
AT&T Inc.
5.05% of portfolio
 		BA
Boeing Co.
5.02% of portfolio
 		DHI
D.R. Horton
4.94% of portfolio
 		FDX
FedEx Corp.
4.91% of portfolio
 		AET
Aetna Inc.
4.88% of portfolio
 		GE
GE Aerospace
4.83% of portfolio
 		ALD
Allied Capital Corp.
4.80% of portfolio
 		MOT
Motorola Inc.
4.53% of portfolio
 		WFM
Whole Foods Market
3.71% of portfolio