Chief Compliance Officer

0001140361-14-017420.txt : 20140424 0001140361-14-017420.hdr.sgml : 20140424 20140424131116 ACCESSION NUMBER: 0001140361-14-017420 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140424 DATE AS OF CHANGE: 20140424 EFFECTIVENESS DATE: 20140424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Ellis Asset Management LLC CENTRAL INDEX KEY: 0001365559 IRS NUMBER: 752997594 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12091 FILM NUMBER: 14781003 BUSINESS ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 503-227-5778 MAIL ADDRESS: STREET 1: 1231 NW HOYT STREET STREET 2: SUITE 306 CITY: PORTLAND STATE: OR ZIP: 97204 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001365559 XXXXXXXX 03-31-2014 03-31-2014 Baker Ellis Asset Management LLC

1231 NW Hoyt Street SUITE 306 PORTLAND OR 97204

13F HOLDINGS REPORT 028-12091 N Barnes Ellis Chief Compliance Officer 503-227-5778 Barnes Ellis Portland OR 04-16-2014 0 256 289110 false INFORMATION TABLE 2 form13fInfoTable.xml 3M Company COMMON STOCK 88579Y101 431 3175 SH SOLE NONE 3175 0 0 Abbott Laboratories COMMON STOCK 002824100 1704 44242 SH SOLE NONE 44242 0 0 AbbVie Inc. COMMON STOCK 00287Y109 1350 26266 SH SOLE NONE 26266 0 0 Aberdeen Asia-Pacific Income F ETF/ETN 003009107 379 62102 SH SOLE NONE 62102 0 0 ABM Industries COMMON STOCK 000957100 152 5300 SH SOLE NONE 5300 0 0 Accenture COMMON STOCK G1151C101 184 2313 SH SOLE NONE 2313 0 0 Aetna Inc COMMON STOCK 00817Y108 352 4700 SH SOLE NONE 4700 0 0 AGL Resources New COMMON STOCK 654086107 970 19809 SH SOLE NONE 19809 0 0 Alaska Air Group COMMON STOCK 011659109 663 7100 SH SOLE NONE 7100 0 0 Alexander & Baldwin COMMON STOCK 014491104 729 17139 SH SOLE NONE 17139 0 0 Altria Group COMMON STOCK 718154107 140 3731 SH SOLE NONE 3731 0 0 American Express COMMON STOCK 025816109 1259 13987 SH SOLE NONE 13987 0 0 AmerisourceBergen Corp COMMON STOCK 03073E105 3544 54027 SH SOLE NONE 54027 0 0 Amgen Inc COMMON STOCK 031162100 148 1200 SH SOLE NONE 1200 0 0 Anadarko Pete Corp COMMON STOCK 032511107 299 3525 SH SOLE NONE 3525 0 0 Anheuser-Busch InBev COMMON STOCK 035229103 142 1350 SH SOLE NONE 1350 0 0 Apollo Commercial Real Estate REIT 03762U105 748 44950 SH SOLE NONE 44950 0 0 Apple Computer COMMON STOCK 037833100 439 819 SH SOLE NONE 819 0 0 Archer Daniels Midland COMMON STOCK 039483102 451 10400 SH SOLE NONE 10400 0 0 AT&T COMMON STOCK 00206R102 315 8973 SH SOLE NONE 8973 0 0 Automatic Data Processing COMMON STOCK 053015103 587 7600 SH SOLE NONE 7600 0 0 Avista Corp. 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REIT 11120U105 268 12550 SH SOLE NONE 12550 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 241 6500 SH SOLE NONE 6500 0 0 Campbell Soup Company COMMON STOCK 134429109 385 8582 SH SOLE NONE 8582 0 0 Canadian Currency Tst ETF/ETN 23129X105 139 1550 SH SOLE NONE 1550 0 0 Canadian Natl Ry Co COMMON STOCK 136375102 409 7282 SH SOLE NONE 7282 0 0 Canadian Pacific Railway COMMON STOCK 13645T100 230 1529 SH SOLE NONE 1529 0 0 Carriage Services Inc COMMON STOCK 143905107 109 5950 SH SOLE NONE 5950 0 0 Caterpillar COMMON STOCK 149123101 295 2965 SH SOLE NONE 2965 0 0 CBL & Associates Pptys. COMMON STOCK 124830100 244 13750 SH SOLE NONE 13750 0 0 Ceco Environmental Corp. COMMON STOCK 125141101 102 6133 SH SOLE NONE 6133 0 0 Cenovus Energy Inc Com Npv COMMON STOCK 15135U109 428 14777 SH SOLE NONE 14777 0 0 Central Fund of Canada Ltd. COMMON STOCK 153501101 282 20500 SH SOLE NONE 20500 0 0 ChevronTexaco COMMON STOCK 166764100 1958 16463 SH SOLE NONE 16463 0 0 Clorox Company COMMON STOCK 189054109 766 8701 SH SOLE NONE 8701 0 0 Coca Cola Enterprises Inc COMMON STOCK 191219104 509 10650 SH SOLE NONE 10650 0 0 Coca-Cola Bottling COMMON STOCK 191098102 176 2075 SH SOLE NONE 2075 0 0 Coca-Cola Company COMMON STOCK 191216100 922 23857 SH SOLE NONE 23857 0 0 Comcast Corporation COMMON STOCK 20030N101 1160 23181 SH SOLE NONE 23181 0 0 Conoco Phillips COMMON STOCK 718507106 186 2640 SH SOLE NONE 2640 0 0 Cooper International Corp. COMMON STOCK 216640102 322 5210 SH SOLE NONE 5210 0 0 Corning Inc COMMON STOCK 219350105 210 10100 SH SOLE NONE 10100 0 0 Costco Wholesale COMMON STOCK 22160K105 872 7812 SH SOLE NONE 7812 0 0 Deere & Company COMMON STOCK 244199105 697 7676 SH SOLE NONE 7676 0 0 Devon Energy Corp COMMON STOCK 25179M103 174 2600 SH SOLE NONE 2600 0 0 Diageo Plc COMMON STOCK 25243Q205 235 1885 SH SOLE NONE 1885 0 0 Dominion Resources COMMON STOCK 25746U109 842 11862 SH SOLE NONE 11862 0 0 Dover Corp COMMON STOCK 260003108 298 3650 SH SOLE NONE 3650 0 0 Dover Downs Gaming & Entmt Inc COMMON STOCK 260095104 20 13200 SH SOLE NONE 13200 0 0 Du Pont COMMON STOCK 263534109 2365 35250 SH SOLE NONE 35250 0 0 Duke Energy COMMON STOCK 264399106 229 3214 SH SOLE NONE 3214 0 0 Einstein Noah Restaurant COMMON STOCK 28257U104 302 18350 SH SOLE NONE 18350 0 0 Enbridge Inc COMMON STOCK 29250N105 196 4300 SH SOLE NONE 4300 0 0 Encana COMMON STOCK 292505104 249 11662 SH SOLE NONE 11662 0 0 Ensco PLC COMMON STOCK G3157S106 2294 43458 SH SOLE NONE 43458 0 0 EOG Resources COMMON STOCK 26875P101 102 522 SH SOLE NONE 522 0 0 Equity Residential REIT 29476L107 223 3850 SH SOLE NONE 3850 0 0 Era Group Inc. COMMON STOCK 26885G109 323 11006 SH SOLE NONE 11006 0 0 ETFS Physical Platinum Shares ETF/ETN 26922V101 152 1100 SH SOLE NONE 1100 0 0 Exelis Inc COMMON STOCK 30162A108 416 21858 SH SOLE NONE 21858 0 0 Express Scripts Holding Co. COMMON STOCK 302182100 120 1594 SH SOLE NONE 1594 0 0 Exxon Mobil COMMON STOCK 30231G102 1771 18130 SH SOLE NONE 18130 0 0 Facebook Inc COMMON STOCK 30303M102 169 2800 SH SOLE NONE 2800 0 0 Fedex Corp COMMON STOCK 31428X106 656 4952 SH SOLE NONE 4952 0 0 Firstenergy Corp COMMON STOCK 337932107 109 3200 SH SOLE NONE 3200 0 0 Fiserv Inc COMMON STOCK 337733108 227 4000 SH SOLE NONE 4000 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 2303 24697 SH SOLE NONE 24697 0 0 Ford Motor COMMON STOCK 345370860 685 43885 SH SOLE NONE 43885 0 0 Fourstar Group COMMON STOCK 346233109 287 16100 SH SOLE NONE 16100 0 0 Fresh Del Monte Produce COMMON STOCK G36738105 2138 77535 SH SOLE NONE 77535 0 0 General Electric COMMON STOCK 369604103 382 14750 SH SOLE NONE 14750 0 0 General Mills COMMON STOCK 370334104 6122 118140 SH SOLE NONE 118140 0 0 General Motors COMMON STOCK 37045V100 573 16650 SH SOLE NONE 16650 0 0 Genuine Parts COMMON STOCK 372460105 1419 16342 SH SOLE NONE 16342 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 160 3000 SH SOLE NONE 3000 0 0 Google Inc. COMMON STOCK 38259P508 856 768 SH SOLE NONE 768 0 0 Halliburton COMMON STOCK 406216101 1511 25650 SH SOLE NONE 25650 0 0 Hasbro COMMON STOCK 418056107 172 3100 SH SOLE NONE 3100 0 0 Health Care Property COMMON STOCK 40414L109 153 3947 SH SOLE NONE 3947 0 0 Helmerich & Payne COMMON STOCK 423452101 990 9200 SH SOLE NONE 9200 0 0 Hersha Hospitality COMMON STOCK 427825104 221 37900 SH SOLE NONE 37900 0 0 Hershey Co COMMON STOCK 427866108 261 2500 SH SOLE NONE 2500 0 0 Home Depot COMMON STOCK 437076102 629 7946 SH SOLE NONE 7946 0 0 Honda Motors COMMON STOCK 438128308 1024 28980 SH SOLE NONE 28980 0 0 Honeywell Intl. COMMON STOCK 438516106 1207 13010 SH SOLE NONE 13010 0 0 Hospira Inc COMMON STOCK 441060100 147 3400 SH SOLE NONE 3400 0 0 Hubbell Inc Cl A COMMON STOCK 443510102 389 3500 SH SOLE NONE 3500 0 0 Humana Inc. COMMON STOCK 444859102 484 4290 SH SOLE NONE 4290 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 1940 41668 SH SOLE NONE 41668 0 0 Ingersoll-Rand Plc Shs COMMON STOCK G47791101 295 5150 SH SOLE NONE 5150 0 0 Ingles Mkts Inc Cl A COMMON STOCK 457030104 1814 76137 SH SOLE NONE 76137 0 0 Ingram Micro Inc COMMON STOCK 457153104 435 14700 SH SOLE NONE 14700 0 0 International Business Machine COMMON STOCK 459200101 621 3225 SH SOLE NONE 3225 0 0 Intl Paper Co COMMON STOCK 460146103 3345 72916 SH SOLE NONE 72916 0 0 Investors Title COMMON STOCK 461804106 664 8750 SH SOLE NONE 8750 0 0 iShares DJ US Oil Equip & Svcs ETF/ETN 464288844 519 7590 SH SOLE NONE 7590 0 0 iShares Global Telecom Fd ETF/ETN 464287275 1580 23629 SH SOLE NONE 23629 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 395 19950 SH SOLE NONE 19950 0 0 iShares Inc Msci Switzerland I ETF/ETN 464286749 130 3800 SH SOLE NONE 3800 0 0 iShares Msci Germany Index Fd ETF/ETN 464286806 280 8936 SH SOLE NONE 8936 0 0 iShares MSCI South Korea Index ETF/ETN 464286772 354 5750 SH SOLE NONE 5750 0 0 iShares Singapore Index Fd ETF/ETN 464286673 5457 417829 SH SOLE NONE 417829 0 0 iShares Taiwan Index Fd ETF/ETN 464286731 250 17351 SH SOLE NONE 17351 0 0 ITT Corporation COMMON STOCK 450911102 1910 44672 SH SOLE NONE 44672 0 0 J P Morgan Chase COMMON STOCK 46625H100 597 9834 SH SOLE NONE 9834 0 0 JM Smucker COMMON STOCK 832696405 323 3325 SH SOLE NONE 3325 0 0 John Bean Technologies COMMON STOCK 477839104 2128 68882 SH SOLE NONE 68882 0 0 Johnson & Johnson COMMON STOCK 478160104 2887 29393 SH SOLE NONE 29393 0 0 Kellogg COMMON STOCK 487836108 282 4500 SH SOLE NONE 4500 0 0 Kimberly Clark COMMON STOCK 494368103 1749 15867 SH SOLE NONE 15867 0 0 Kraft Foods Group COMMON STOCK 50076Q106 189 3367 SH SOLE NONE 3367 0 0 Kroger COMMON STOCK 501044101 7363 168681 SH SOLE NONE 168681 0 0 Laboratory Corp of America COMMON STOCK 50540R409 393 4000 SH SOLE NONE 4000 0 0 Liberty Global Inc Com Ser C COMMON STOCK 530555309 177 4350 SH SOLE NONE 4350 0 0 Liberty Global Inc. COMMON STOCK G5480U104 181 4350 SH SOLE NONE 4350 0 0 Macy's Inc COMMON STOCK 55616P104 178 3000 SH SOLE NONE 3000 0 0 Marathon Oil Corp COMMON STOCK 565849106 480 13500 SH SOLE NONE 13500 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 609 7000 SH SOLE NONE 7000 0 0 Marcus Corp COMMON STOCK 566330106 490 29350 SH SOLE NONE 29350 0 0 MartenTransport Ltd. COMMON STOCK 573075108 454 21090 SH SOLE NONE 21090 0 0 Matson Navigation Co. COMMON STOCK 57686G105 670 27147 SH SOLE NONE 27147 0 0 Maxus Realty Trust COMMON STOCK 57774B109 108 4067 SH SOLE NONE 4067 0 0 McDonalds COMMON STOCK 580135101 158 1609 SH SOLE NONE 1609 0 0 MDU Resources Group Inc. COMMON STOCK 552690109 563 16415 SH SOLE NONE 16415 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1970 34705 SH SOLE NONE 34705 0 0 MFRI Inc. COMMON STOCK 552721102 649 47668 SH SOLE NONE 47668 0 0 Microsoft COMMON STOCK 594918104 3377 82380 SH SOLE NONE 82380 0 0 Mine Safety Appliances COMMON STOCK 602720104 285 5000 SH SOLE NONE 5000 0 0 Molson Coors Co Cl B COMMON STOCK 60871R209 1390 23621 SH SOLE NONE 23621 0 0 Mondelez International Inc. COMMON STOCK 609207105 315 9108 SH SOLE NONE 9108 0 0 Multi Color Corp. COMMON STOCK 625383104 1103 31505 SH SOLE NONE 31505 0 0 National Health Investors COMMON STOCK 63633D104 121 2000 SH SOLE NONE 2000 0 0 National Oilwell COMMON STOCK 637071101 519 6670 SH SOLE NONE 6670 0 0 NBT Bancorp Inc COMMON STOCK 628778102 318 13000 SH SOLE NONE 13000 0 0 NCR COMMON STOCK 62886E108 228 6250 SH SOLE NONE 6250 0 0 New Media Investment Group Inc COMMON STOCK 64704V106 137 9137 SH SOLE NONE 9137 0 0 New York Times COMMON STOCK 650111107 829 48430 SH SOLE NONE 48430 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 210 2200 SH SOLE NONE 2200 0 0 Nike Cl B COMMON STOCK 654106103 1442 19525 SH SOLE NONE 19525 0 0 Norfolk Southern Crp COMMON STOCK 655844108 387 3980 SH SOLE NONE 3980 0 0 Northeast Utilities COMMON STOCK 664397106 1078 23683 SH SOLE NONE 23683 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 3349 27147 SH SOLE NONE 27147 0 0 Northwest Natural Gas COMMON STOCK 667655104 884 20082 SH SOLE NONE 20082 0 0 Northwest Pipe COMMON STOCK 667746101 874 24158 SH SOLE NONE 24158 0 0 Novartis AG Adr COMMON STOCK 66987V109 3940 46339 SH SOLE NONE 46339 0 0 NTT Docomo Inc. ADR COMMON STOCK 62942M201 117 7400 SH SOLE NONE 7400 0 0 Oneok Inc COMMON STOCK 682680103 267 4500 SH SOLE NONE 4500 0 0 Paccar Inc COMMON STOCK 693718108 202 3000 SH SOLE NONE 3000 0 0 Park City Group Inc. COMMON STOCK 700215304 167 18450 SH SOLE NONE 18450 0 0 Parkervision Inc COMMON STOCK 701354102 175 36500 SH SOLE NONE 36500 0 0 Pebblebrook Hotel Pfd Ser B PREFERRED STOCK 70509V308 284 11000 SH SOLE NONE 11000 0 0 Pepco Holdings COMMON STOCK 713291102 236 11505 SH SOLE NONE 11505 0 0 Pepsico COMMON STOCK 713448108 3699 44299 SH SOLE NONE 44299 0 0 Petroleo Brasileiro COMMON STOCK 71654V408 122 9300 SH SOLE NONE 9300 0 0 Pfizer COMMON STOCK 717081103 1420 44207 SH SOLE NONE 44207 0 0 Philip Morris Intl COMMON STOCK 718172109 147 1799 SH SOLE NONE 1799 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 3176 31335 SH SOLE NONE 31335 0 0 Pimco Total Return ETF ETF/ETN 72201R775 1043 9783 SH SOLE NONE 9783 0 0 Plains GP Holdings, LP COMMON STOCK 72651A108 112 4000 SH SOLE NONE 4000 0 0 Portland Gen Elec Co COMMON STOCK 736508847 503 15540 SH SOLE NONE 15540 0 0 Potlatch Corp COMMON STOCK 737630103 379 9801 SH SOLE NONE 9801 0 0 Powershares Ftse Rafi US1000 ETF/ETN 73935X583 3509 41463 SH SOLE NONE 41463 0 0 Powershares High Yld Corp Bond ETF/ETN 73936T557 1263 65046 SH SOLE NONE 65046 0 0 PPL Corp COMMON STOCK 69351T106 1213 36609 SH SOLE NONE 36609 0 0 Precision Castparts COMMON STOCK 740189105 445 1762 SH SOLE NONE 1762 0 0 Procter & Gamble COMMON STOCK 742718109 1169 14508 SH SOLE NONE 14508 0 0 Rayonier COMMON STOCK 754907103 2930 63815 SH SOLE NONE 63815 0 0 Raytheon COMMON STOCK 755111507 627 6350 SH SOLE NONE 6350 0 0 Republic Services COMMON STOCK 760759100 1327 38858 SH SOLE NONE 38858 0 0 Royal Dutch Shell Cl A COMMON STOCK 780259206 129 1759 SH SOLE NONE 1759 0 0 Royal Dutch Shell Cl B COMMON STOCK 780259107 1235 15805 SH SOLE NONE 15805 0 0 Rush Enterprises Cl B COMMON STOCK 781846308 364 12924 SH SOLE NONE 12924 0 0 S & P 500 Index Fund ETF/ETN 78462F103 911 4872 SH SOLE NONE 4872 0 0 Scana Corp New COMMON STOCK 80589M102 466 9085 SH SOLE NONE 9085 0 0 Schlumberger Limited COMMON STOCK 806857108 270 2768 SH SOLE NONE 2768 0 0 Seaboard Corp COMMON STOCK 811543107 661 252 SH SOLE NONE 252 0 0 Seacorp Hldgs Inc COMMON STOCK 811904101 870 10066 SH SOLE NONE 10066 0 0 Shiloh Industries Inc. COMMON STOCK 824543102 145 8200 SH SOLE NONE 8200 0 0 SM Energy Corp COMMON STOCK 792228108 210 2950 SH SOLE NONE 2950 0 0 Sonoco Products COMMON STOCK 835495102 1463 35654 SH SOLE NONE 35654 0 0 Southern Co COMMON STOCK 842587107 299 6812 SH SOLE NONE 6812 0 0 Southwest Air COMMON STOCK 844741108 182 7700 SH SOLE NONE 7700 0 0 Spartan Stores Inc. COMMON STOCK 846822104 232 10010 SH SOLE NONE 10010 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 145 1968 SH SOLE NONE 1968 0 0 St Jude Medical Inc COMMON STOCK 790849103 128 1950 SH SOLE NONE 1950 0 0 Starbucks COMMON STOCK 855244109 699 9530 SH SOLE NONE 9530 0 0 Statoil Hydro Asa Adr COMMON STOCK 85771P102 223 7900 SH SOLE NONE 7900 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 2479 20057 SH SOLE NONE 20057 0 0 Stryker Corp COMMON STOCK 863667101 1801 22101 SH SOLE NONE 22101 0 0 Syngenta AG COMMON STOCK 87160A100 3748 49465 SH SOLE NONE 49465 0 0 Texas Instruments COMMON STOCK 882508104 283 6000 SH SOLE NONE 6000 0 0 Timken Co COMMON STOCK 887389104 317 5400 SH SOLE NONE 5400 0 0 Travelers Cos Inc COMMON STOCK 89417E109 191 2245 SH SOLE NONE 2245 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 176 25000 SH SOLE NONE 25000 0 0 TRW Automotive Hldgs Corp. COMMON STOCK 87264S106 896 10980 SH SOLE NONE 10980 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 716 23000 SH SOLE NONE 23000 0 0 UGI Corp COMMON STOCK 902681105 1258 27582 SH SOLE NONE 27582 0 0 Unilever PLC COMMON STOCK 904767704 700 16354 SH SOLE NONE 16354 0 0 Union Pacific COMMON STOCK 907818108 5766 30726 SH SOLE NONE 30726 0 0 United Parcel Svc COMMON STOCK 911312106 1491 15311 SH SOLE NONE 15311 0 0 United Technologies COMMON STOCK 913017109 2528 21634 SH SOLE NONE 21634 0 0 Unitedhealth Group COMMON STOCK 91324P102 274 3340 SH SOLE NONE 3340 0 0 URS Corporation COMMON STOCK 903236107 858 18225 SH SOLE NONE 18225 0 0 Urstadt Biddle Ppty Pfd D PREFERRED STOCK 917286502 224 8835 SH SOLE NONE 8835 0 0 Urstadt Biddle Pptys COMMON STOCK 917286106 1055 59486 SH SOLE NONE 59486 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 1472 71239 SH SOLE NONE 71239 0 0 Urstadt Biddle Pptys Inc Pfd S PREFERRED STOCK 917286700 461 18700 SH SOLE NONE 18700 0 0 US Bancorp COMMON STOCK 902973304 4207 98166 SH SOLE NONE 98166 0 0 V F Corp COMMON STOCK 918204108 390 6300 SH SOLE NONE 6300 0 0 Vanguard Energy ETF ETF/ETN 92204A306 8816 68659 SH SOLE NONE 68659 0 0 Vanguard European ETF ETF/ETN 922042874 436 7394 SH SOLE NONE 7394 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 3127 36795 SH SOLE NONE 36795 0 0 Vanguard FTSE All World exUS E ETF/ETN 922042775 190 3786 SH SOLE NONE 3786 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1246 11650 SH SOLE NONE 11650 0 0 Vanguard High Dividend Yield I ETF/ETN 921946406 13317 210980 SH SOLE NONE 210980 0 0 Vanguard Industrials ETF ETF/ETN 92204A603 171 1700 SH SOLE NONE 1700 0 0 Vanguard Information Technolog ETF/ETN 92204A702 6827 74583 SH SOLE NONE 74583 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 2863 44825 SH SOLE NONE 44825 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 280 3500 SH SOLE NONE 3500 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 705 7006 SH SOLE NONE 7006 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 20609 211441 SH SOLE NONE 211441 0 0 Vanguard Total World Stk Index ETF/ETN 922042742 2952 49465 SH SOLE NONE 49465 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1764 19483 SH SOLE NONE 19483 0 0 Vectren Corp COMMON STOCK 92240G101 1100 27923 SH SOLE NONE 27923 0 0 Verizon Communications COMMON STOCK 92343V104 2587 54383 SH SOLE NONE 54383 0 0 Visa Inc COMMON STOCK 92826C839 151 698 SH SOLE NONE 698 0 0 Vodafone Group PLC COMMON STOCK 92857W100 2141 58173 SH SOLE NONE 58173 0 0 Wabash National Corp. COMMON STOCK 929566107 153 11100 SH SOLE NONE 11100 0 0 Wal-Mart Stores COMMON STOCK 931142103 1695 22172 SH SOLE NONE 22172 0 0 Walt Disney Co COMMON STOCK 254687106 1657 20697 SH SOLE NONE 20697 0 0 Washington Real Estate Inv Tru REIT 939653101 317 13285 SH SOLE NONE 13285 0 0 Waste Management COMMON STOCK 94106L109 639 15179 SH SOLE NONE 15179 0 0 Wells Fargo & Co COMMON STOCK 949746101 525 10560 SH SOLE NONE 10560 0 0 Wendy's International COMMON STOCK 950590109 179 19680 SH SOLE NONE 19680 0 0 Weyerhaeuser COMMON STOCK 962166104 225 7674 SH SOLE NONE 7674 0 0 Whirlpool Corp COMMON STOCK 963320106 604 4040 SH SOLE NONE 4040 0 0 Whitestone Reit REIT 966084204 496 34350 SH SOLE NONE 34350 0 0 Williams Companies, Inc. COMMON STOCK 969457100 127 3135 SH SOLE NONE 3135 0 0 WisdomTree Emerging Mkts Small ETF/ETN 97717W281 2492 53473 SH SOLE NONE 53473 0 0 WisdomTree Japan Hedged Equity ETF/ETN 97717W851 1127 23800 SH SOLE NONE 23800 0 0 Xylem Inc COMMON STOCK 98419M100 371 10198 SH SOLE NONE 10198 0 0 Yahoo! Inc. COMMON STOCK 984332106 1190 33160 SH SOLE NONE 33160 0 0 Yum! Brands COMMON STOCK 988498101 728 9663 SH SOLE NONE 9663 0 0 Zimmer Holdings COMMON STOCK 98956P102 131 1380 SH SOLE NONE 1380 0 0