The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc. COM 00206R102 6,051 149,000 SH   SOLE   0 0 0
AbbVie Inc. COM 00287Y109 6,414 101,700 SH   SOLE   0 0 0
Air Products & Chemicals Inc. COM 009158106 6,134 40,800 SH   SOLE   0 0 0
Alliant Energy Corp. COM 018802108 5,546 144,778 SH   SOLE   0 0 0
Altria Group Inc. COM 02209S103 948 15,000 SH   SOLE   0 0 0
Ameren Corp. COM 023608102 4,385 89,165 SH   SOLE   0 0 0
American Electric Power Co. COM 025537101 5,946 92,600 SH   SOLE   0 0 0
Amgen Inc. COM 031162100 5,605 33,600 SH   SOLE   0 0 0
Avista Corp. COM 05379B107 5,817 139,200 SH   SOLE   0 0 0
Branch Bank & Trust COM 054937107 4,606 122,100 SH   SOLE   0 0 0
B&G Foods Inc. COM 05508R106 5,739 116,700 SH   SOLE   0 0 0
Bristol-Myers Squibb Co. COM 110122108 809 15,000 SH   SOLE   0 0 0
CMS Energy Corp. COM 125896100 1,050 25,000 SH   SOLE   0 0 0
CSX Corp. COM 126408103 4,880 160,000 SH   SOLE   0 0 0
CenterPoint Energy Inc. COM 15189T107 3,173 136,600 SH   SOLE   0 0 0
Cisco Systems Inc. COM 17275R102 4,314 136,000 SH   SOLE   0 0 0
Clorox Co. COM 189054109 626 5,000 SH   SOLE   0 0 0
Coca Cola Co. COM 191216100 5,417 128,000 SH   SOLE   0 0 0
Consolidated Edison Inc. COM 209115104 3,117 41,401 SH   SOLE   0 0 0
Cummins Inc. COM 231021106 1,563 12,200 SH   SOLE   0 0 0
DTE Energy Co. COM 233331107 4,565 48,740 SH   SOLE   0 0 0
Dominion Resources Inc. COM 25746U109 5,786 77,900 SH   SOLE   0 0 0
Dow Chemical COM 260543103 6,168 119,000 SH   SOLE   0 0 0
Dr Pepper Snapple Group COM 26138E109 457 5,000 SH   SOLE   0 0 0
Duke Energy Corp. COM 26441C204 6,499 81,200 SH   SOLE   0 0 0
Eaton Corp. PLC COM G29183103 1,183 18,000 SH   SOLE   0 0 0
Emerson Electric Co. COM 291011104 872 16,000 SH   SOLE   0 0 0
Entergy Corp. COM 29364G103 614 8,000 SH   SOLE   0 0 0
Eversource Energy COM 30040W108 6,382 117,800 SH   SOLE   0 0 0
Firstenergy Corp. COM 337932107 3,242 98,000 SH   SOLE   0 0 0
Ford Motor Co. COM 345370860 1,811 150,000 SH   SOLE   0 0 0
General Electric Co. COM 369604103 6,570 221,800 SH   SOLE   0 0 0
General Mills Inc. COM 370334104 5,666 88,700 SH   SOLE   0 0 0
General Motors Co. COM 37045V100 2,383 75,000 SH   SOLE   0 0 0
Genuine Parts Co. COM 372460105 2,039 20,300 SH   SOLE   0 0 0
Great Plains Energy Inc COM 391164100 2,402 88,000 SH   SOLE   0 0 0
Halcon Resources Corp. Warrants 40537Q118 43 20,411 SH   SOLE   0 0 0
Hasbro COM 418056107 1,626 20,500 SH   SOLE   0 0 0
Intel Corp. COM 458140100 4,590 121,600 SH   SOLE   0 0 0
International Paper Co. COM 460146103 624 13,000 SH   SOLE   0 0 0
IShares Select Dividend ETF 464287168 22,965 268,000 SH   SOLE   0 0 0
IShares Core High Dividend ETF 46429B663 23,161 284,950 SH   SOLE   0 0 0
Johnson & Johnson COM 478160104 6,474 54,800 SH   SOLE   0 0 0
Kellogg Co. COM 487836108 4,726 61,000 SH   SOLE   0 0 0
Kimberly-Clark Corp. COM 494368103 4,415 35,000 SH   SOLE   0 0 0
The Kraft Heinz Co. COM 500754106 5,639 63,000 SH   SOLE   0 0 0
Leggett & Platt Inc. COM 524660107 2,470 54,200 SH   SOLE   0 0 0
Lockheed Martin Corp. COM 539830109 479 2,000 SH   SOLE   0 0 0
Lyondellbasell Ind Nv COM 646025106 578 8,000 SH   SOLE   0 0 0
McDonald's Corp. COM 580135101 1,465 12,700 SH   SOLE   0 0 0
Merck & Co. Inc. COM 58933Y105 6,141 98,400 SH   SOLE   0 0 0
Metlife Inc. COM 59156R108 0 10 SH   SOLE   0 0 0
Microsoft Corp. COM 594918104 288 5,000 SH   SOLE   0 0 0
Microchip Technology Inc. COM 595017104 4,810 77,400 SH   SOLE   0 0 0
National Westminster Bank PLC PFD 638539882 6,047 235,000 SH   SOLE   0 0 0
Newtek Cap Inc. NPV COM 652526203 39 2,730 SH   SOLE   0 0 0
Nextera Energy Inc. COM 65339F101 3,670 30,000 SH   SOLE   0 0 0
PG&E Corp. COM 69331C108 3,236 52,900 SH   SOLE   0 0 0
PPL Corp. COM 69351T106 5,502 159,142 SH   SOLE   0 0 0
Paychex Inc. COM 704326107 5,191 89,700 SH   SOLE   0 0 0
Pepsico Inc. COM 713448108 6,309 58,000 SH   SOLE   0 0 0
Pfizer Inc. COM 717081103 6,368 188,000 SH   SOLE   0 0 0
Philip Morris Int'l, Inc. COM 718172109 4,132 42,500 SH   SOLE   0 0 0
Pinnacle West Capital COM 723484101 4,552 59,900 SH   SOLE   0 0 0
Portland General Electric Co. COM 736508847 6,048 142,000 SH   SOLE   0 0 0
Proctor & Gamble Co. COM 742718109 6,453 71,900 SH   SOLE   0 0 0
Public Svc Enterprise Group COM 744573106 5,544 132,400 SH   SOLE   0 0 0
Reynolds American Inc. COM 761713106 1,462 31,000 SH   SOLE   0 0 0
SCANA Corp. COM 80589M102 3,575 49,400 SH   SOLE   0 0 0
Schwab US Dividend ETF 808524797 23,812 562,800 SH   SOLE   0 0 0
South Jersey Industries COM 838518108 2,069 70,000 SH   SOLE   0 0 0
Southern Co. COM 842587107 4,668 91,000 SH   SOLE   0 0 0
Spectra Energy Corp. COM 847560109 770 18,000 SH   SOLE   0 0 0
Sysco Corp. COM 871829107 4,793 97,800 SH   SOLE   0 0 0
Target Corp. COM 87612E106 6,010 87,500 SH   SOLE   0 0 0
3M Company COM 88579Y101 6,873 39,000 SH   SOLE   0 0 0
Union Pacific Corp. COM 907818108 4,994 51,200 SH   SOLE   0 0 0
Vanguard FTSE Dev. Market ETF 921943858 62,437 1,669,000 SH   SOLE   0 0 0
Vanguard High DVD Yield ETF 921946406 18,266 253,200 SH   SOLE   0 0 0
Vectren Corp. COM 92240G101 4,849 96,600 SH   SOLE   0 0 0
Vanguard Total Stock Market Index ETF 922908769 119,587 1,074,170 SH   SOLE   0 0 0
Verizon Comm. Inc. COM 92343V104 5,458 105,000 SH   SOLE   0 0 0
WGL Holdings Inc. COM 92924F106 1,674 26,700 SH   SOLE   0 0 0
WEC Energy Group Inc. COM 92939U106 3,240 54,100 SH   SOLE   0 0 0
Walmart Stores Inc. COM 931142103 4,471 62,000 SH   SOLE   0 0 0
Waste Management Inc. COM 94106L109 3,509 55,033 SH   SOLE   0 0 0
Wells Fargo & Company COM 949746101 4,649 105,000 SH   SOLE   0 0 0
Westar Energy Inc. COM 95709T100 568 10,000 SH   SOLE   0 0 0
WisdomTree High Dividend Fund ETF 97717W208 971 14,600 SH   SOLE   0 0 0
WisdomTree Large Cap Dividend Fund ETF 97717W307 1,355 17,600 SH   SOLE   0 0 0
Xcel Energy Inc. COM 98389B100 5,316 129,209 SH   SOLE   0 0 0