Chief Compliance Officer

0001140361-18-003820.txt : 20180130 0001140361-18-003820.hdr.sgml : 20180130 20180130152959 ACCESSION NUMBER: 0001140361-18-003820 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180130 DATE AS OF CHANGE: 20180130 EFFECTIVENESS DATE: 20180130 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: 18558820 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 12-31-2017 12-31-2017 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 /s/ Barnes Ellis Portland OR 01-25-2018 0 242 397136 false INFORMATION TABLE 2 form13fInfoTable.xml 3M Company COMMON STOCK 88579Y101 3849 16355 SH SOLE NONE 16355 0 0 Abbott Laboratories COMMON STOCK 002824100 867 15200 SH SOLE NONE 15200 0 0 AbbVie Inc. COMMON STOCK 00287Y109 2355 24352 SH SOLE NONE 24352 0 0 ABM Industries COMMON STOCK 000957100 637 16875 SH SOLE NONE 16875 0 0 Accenture PLC COMMON STOCK G1151C101 239 1560 SH SOLE NONE 1560 0 0 Aircastle Limited COMMON STOCK G0129K104 106 4545 SH SOLE NONE 4545 0 0 Alaska Air Group COMMON STOCK 011659109 445 6050 SH SOLE NONE 6050 0 0 Alaska Communications Systems COMMON STOCK 01167P101 31 11500 SH SOLE NONE 11500 0 0 Albemarle Corp COMMON STOCK 012653101 2531 19790 SH SOLE NONE 19790 0 0 Alexander & Baldwin COMMON STOCK 014491104 407 14687 SH SOLE NONE 14687 0 0 AllianceBernstein Holding L.P. COMMON STOCK 01881G106 225 9000 SH SOLE NONE 9000 0 0 Allstate COMMON STOCK 020002101 137 1310 SH SOLE NONE 1310 0 0 Alphabet Inc. CL A COMMON STOCK 02079K305 2103 1996 SH SOLE NONE 1996 0 0 Alphabet Inc. CL C COMMON STOCK 02079K107 3503 3348 SH SOLE NONE 3348 0 0 Altria Group COMMON STOCK 718154107 376 5259 SH SOLE NONE 5259 0 0 Amazon.com Inc. COMMON STOCK 023135106 1141 976 SH SOLE NONE 976 0 0 American Express COMMON STOCK 025816109 1454 14639 SH SOLE NONE 14639 0 0 AmerisourceBergen Corp. COMMON STOCK 03073E105 4580 49880 SH SOLE NONE 49880 0 0 Anadarko Pete Corp COMMON STOCK 032511107 146 2725 SH SOLE NONE 2725 0 0 Anheuser-Busch InBev COMMON STOCK 035229103 262 2350 SH SOLE NONE 2350 0 0 Apollo Commercial Real Estate REIT 03762U105 535 29016 SH SOLE NONE 29016 0 0 Apple Computer COMMON STOCK 037833100 2807 16586 SH SOLE NONE 16586 0 0 AptarGroup Inc COMMON STOCK 038336103 129 1500 SH SOLE NONE 1500 0 0 Archer Daniels Midland COMMON STOCK 039483102 305 7600 SH SOLE NONE 7600 0 0 Armada Hoffler Properties, Inc REIT 04208T108 353 22700 SH SOLE NONE 22700 0 0 AT&T COMMON STOCK 00206R102 427 10994 SH SOLE NONE 10994 0 0 Automatic Data Processing COMMON STOCK 053015103 588 5020 SH SOLE NONE 5020 0 0 Baldwin & Lyons Inc CL B COMMON STOCK 057755209 138 5750 SH SOLE NONE 5750 0 0 Ball Corp COMMON STOCK 058498106 2108 55696 SH SOLE NONE 55696 0 0 Bank of America COMMON STOCK 060505104 416 14100 SH SOLE NONE 14100 0 0 Bank of New York Mellon COMMON STOCK 064058100 2846 52848 SH SOLE NONE 52848 0 0 Bank of Nova Scotia COMMON STOCK 064149107 926 14353 SH SOLE NONE 14353 0 0 BCE Inc. COMMON STOCK 05534B760 562 11700 SH SOLE NONE 11700 0 0 Becton Dickinson Co COMMON STOCK 075887109 171 800 SH SOLE NONE 800 0 0 Berkshire Hathaway Cl A COMMON STOCK 084670108 5952 20 SH SOLE NONE 20 0 0 Berkshire Hathaway Cl B COMMON STOCK 084670702 13204 66615 SH SOLE NONE 66615 0 0 Bluerock Residential PFD A COMMON STOCK 09627J508 140 5300 SH SOLE NONE 5300 0 0 Boeing COMMON STOCK 097023105 608 2060 SH SOLE NONE 2060 0 0 BP p.l.c. COMMON STOCK 055622104 425 10110 SH SOLE NONE 10110 0 0 Bristol Myers Squibb COMMON STOCK 110122108 2035 33202 SH SOLE NONE 33202 0 0 Brixmor Property Group Inc. REIT 11120U105 352 18875 SH SOLE NONE 18875 0 0 Broadridge Financial Solutions COMMON STOCK 11133T103 258 2850 SH SOLE NONE 2850 0 0 Canadian National Railway Co. COMMON STOCK 136375102 295 3572 SH SOLE NONE 3572 0 0 Canon Inc. COMMON STOCK 138006309 123 3300 SH SOLE NONE 3300 0 0 Carriage Services COMMON STOCK 143905107 158 6150 SH SOLE NONE 6150 0 0 Caterpillar COMMON STOCK 149123101 152 965 SH SOLE NONE 965 0 0 Central Fund of Canada Ltd. ETF/ETN 153501101 255 19001 SH SOLE NONE 19001 0 0 ChevronTexaco COMMON STOCK 166764100 1616 12905 SH SOLE NONE 12905 0 0 Cisco Systems COMMON STOCK 17275R102 539 14073 SH SOLE NONE 14073 0 0 City Office Reit Red PFD Ser A PREFERRED STOCK 178587200 264 10500 SH SOLE NONE 10500 0 0 Clarus Corp. COMMON STOCK 18270P109 167 21296 SH SOLE NONE 21296 0 0 Clorox Company COMMON STOCK 189054109 732 4923 SH SOLE NONE 4923 0 0 Coca-Cola Company COMMON STOCK 191216100 179 3900 SH SOLE NONE 3900 0 0 Comcast Corporation COMMON STOCK 20030N101 2700 67416 SH SOLE NONE 67416 0 0 Conoco Phillips COMMON STOCK 718507106 101 1840 SH SOLE NONE 1840 0 0 Consolidated Edison COMMON STOCK 209115104 149 1750 SH SOLE NONE 1750 0 0 Corning Inc COMMON STOCK 219350105 195 6100 SH SOLE NONE 6100 0 0 Costco Wholesale COMMON STOCK 22160K105 1661 8923 SH SOLE NONE 8923 0 0 Deere & Company COMMON STOCK 244199105 792 5061 SH SOLE NONE 5061 0 0 Delta Air Lines Inc. COMMON STOCK 247361702 106 1885 SH SOLE NONE 1885 0 0 Diageo PLC COMMON STOCK 25243Q205 312 2135 SH SOLE NONE 2135 0 0 Dominion Resources COMMON STOCK 25746U109 634 7827 SH SOLE NONE 7827 0 0 DowDuPont Inc. COMMON STOCK 26078J100 2416 33918 SH SOLE NONE 33918 0 0 Duke Energy COMMON STOCK 264399106 550 6538 SH SOLE NONE 6538 0 0 Edwards Lifesciences COMMON STOCK 28176E108 197 1750 SH SOLE NONE 1750 0 0 EOG Resources COMMON STOCK 26875P101 113 1044 SH SOLE NONE 1044 0 0 Equity Residential REIT 29476L107 108 1700 SH SOLE NONE 1700 0 0 Eversource Energy COMMON STOCK 30040W108 967 15310 SH SOLE NONE 15310 0 0 Exelon COMMON STOCK 30161N101 118 3000 SH SOLE NONE 3000 0 0 Express Scripts Holding Co. COMMON STOCK 302182100 113 1510 SH SOLE NONE 1510 0 0 Exxon Mobil COMMON STOCK 30231G102 1633 19520 SH SOLE NONE 19520 0 0 Facebook Inc COMMON STOCK 30303M102 644 3651 SH SOLE NONE 3651 0 0 Fedex Corp COMMON STOCK 31428X106 1185 4750 SH SOLE NONE 4750 0 0 Fiat Chrysler Automobiles N.V. COMMON STOCK N31738102 1986 111350 SH SOLE NONE 111350 0 0 Firstenergy Corp COMMON STOCK 337932107 122 4000 SH SOLE NONE 4000 0 0 Flexshares Quality Dividend In ETF/ETN 33939L860 519 11530 SH SOLE NONE 11530 0 0 Fomento Economico Mexicano COMMON STOCK 344419106 4457 47470 SH SOLE NONE 47470 0 0 Fresh Del Monte Produce Inc. COMMON STOCK G36738105 2886 60551 SH SOLE NONE 60551 0 0 Gabelli Global Sml & Md Cap PF ETF/ETN 36249W203 127 5000 SH SOLE NONE 5000 0 0 General American Investors Co. COMMON STOCK 368802104 208 6036 SH SOLE NONE 6036 0 0 General Electric COMMON STOCK 369604103 226 12950 SH SOLE NONE 12950 0 0 General Mills COMMON STOCK 370334104 2975 50169 SH SOLE NONE 50169 0 0 General Motors COMMON STOCK 37045V100 490 11950 SH SOLE NONE 11950 0 0 GlaxoSmithKline Plc Adr COMMON STOCK 37733W105 112 3150 SH SOLE NONE 3150 0 0 Goldman Sachs TreasuryAccess 0 ETF/ETN 381430529 1940 19404 SH SOLE NONE 19404 0 0 H&E Equipment Services, Inc. COMMON STOCK 404030108 163 4000 SH SOLE NONE 4000 0 0 Hanesbrands Inc. COMMON STOCK 410345102 3855 184340 SH SOLE NONE 184340 0 0 Hasbro COMMON STOCK 418056107 241 2650 SH SOLE NONE 2650 0 0 Hexcel Corp. COMMON STOCK 428291108 5034 81385 SH SOLE NONE 81385 0 0 Highwoods Properties Inc. REIT 431284108 733 14400 SH SOLE NONE 14400 0 0 Home Depot COMMON STOCK 437076102 1290 6806 SH SOLE NONE 6806 0 0 Honeywell Intl. COMMON STOCK 438516106 3226 21036 SH SOLE NONE 21036 0 0 Host Hotels & Resorts, Inc. RET 44107P104 1453 73175 SH SOLE NONE 73175 0 0 Humana Inc. COMMON STOCK 444859102 211 850 SH SOLE NONE 850 0 0 Imperial Oil Ltd. COMMON STOCK 453038408 226 7250 SH SOLE NONE 7250 0 0 Ingles Markets, Inc. COMMON STOCK 457030104 1363 39391 SH SOLE NONE 39391 0 0 Intel COMMON STOCK 458140100 1165 25231 SH SOLE NONE 25231 0 0 Intl Paper Co. COMMON STOCK 460146103 3562 61477 SH SOLE NONE 61477 0 0 Investors Title COMMON STOCK 461804106 895 4512 SH SOLE NONE 4512 0 0 iShares 1-3 Yr Treas Index Fd ETF/ETN 464287457 436 5200 SH SOLE NONE 5200 0 0 iShares DJ US Oil Equip & Svcs ETF/ETN 464288844 435 12120 SH SOLE NONE 12120 0 0 iShares Edge MSCI Multifactor ETF/ETN 46434V274 556 19288 SH SOLE NONE 19288 0 0 iShares Edge MSCI USA Quality ETF/ETN 46432F339 207 2500 SH SOLE NONE 2500 0 0 iShares Global Telecom Fd ETF/ETN 464287275 1311 21652 SH SOLE NONE 21652 0 0 iShares Hong Kong Index Fd ETF/ETN 464286871 165 6475 SH SOLE NONE 6475 0 0 iShares MSCI EAFE Minimum Vola ETF/ETN 46429B689 7944 108855 SH SOLE NONE 108855 0 0 iShares MSCI Emerging Markets ETF/ETN 464286533 186 3061 SH SOLE NONE 3061 0 0 iShares MSCI South Korea Index ETF/ETN 464286772 142 1900 SH SOLE NONE 1900 0 0 iShares Russell 1000 ETF/ETN 464287622 282 1899 SH SOLE NONE 1899 0 0 iShares Russell 1000 Growth In ETF/ETN 464287614 216 1606 SH SOLE NONE 1606 0 0 iShares Russell 1000 Value Ind ETF/ETN 464287598 340 2738 SH SOLE NONE 2738 0 0 iShares Russell Mid-Cap Index ETF/ETN 464287499 271 1303 SH SOLE NONE 1303 0 0 iShares Russell Midcap Value I ETF/ETN 464287473 380 4266 SH SOLE NONE 4266 0 0 iShares Short Maturity Bond ET ETF/ETN 46431W507 150 3000 SH SOLE NONE 3000 0 0 iShares Tr Russell 2000 Index ETF/ETN 464287655 123 807 SH SOLE NONE 807 0 0 iShares US Preferred Stock ETF/ETN 464288687 121 3174 SH SOLE NONE 3174 0 0 ITT Inc. COMMON STOCK 45073V108 1029 19274 SH SOLE NONE 19274 0 0 J P Morgan Chase COMMON STOCK 46625H100 2159 20189 SH SOLE NONE 20189 0 0 JM Smucker COMMON STOCK 832696405 297 2387 SH SOLE NONE 2387 0 0 John Bean Technologies COMMON STOCK 477839104 2506 22619 SH SOLE NONE 22619 0 0 John Hancock Multifactor Mid C ETF/ETN 47804J206 102 3000 SH SOLE NONE 3000 0 0 Johnson & Johnson COMMON STOCK 478160104 4542 32506 SH SOLE NONE 32506 0 0 Kimberly Clark COMMON STOCK 494368103 1946 16130 SH SOLE NONE 16130 0 0 Kraft Heinz Co. COMMON STOCK 500754106 244 3133 SH SOLE NONE 3133 0 0 Kroger COMMON STOCK 501044101 6922 252161 SH SOLE NONE 252161 0 0 Laboratory Corp of America Hol COMMON STOCK 50540R409 1045 6550 SH SOLE NONE 6550 0 0 Luxfer Holdings PLC COMMON STOCK 550678106 158 10000 SH SOLE NONE 10000 0 0 Marathon Petroleum Corp COMMON STOCK 56585A102 1568 23758 SH SOLE NONE 23758 0 0 Marriott International, Inc. COMMON STOCK 571903202 147 1080 SH SOLE NONE 1080 0 0 MartenTransport Ltd. COMMON STOCK 573075108 691 34029 SH SOLE NONE 34029 0 0 Matson Navigation Co. COMMON STOCK 57686G105 620 20762 SH SOLE NONE 20762 0 0 Merck & Co Inc COMMON STOCK 58933Y105 1613 28669 SH SOLE NONE 28669 0 0 Microsoft COMMON STOCK 594918104 6527 76303 SH SOLE NONE 76303 0 0 Mid-America Apartment Communit REIT 59522J103 568 5650 SH SOLE NONE 5650 0 0 Mine Safety Appliances COMMON STOCK 602720104 388 5000 SH SOLE NONE 5000 0 0 Molson Coors Brewing Company COMMON STOCK 60871R209 3081 37541 SH SOLE NONE 37541 0 0 Mondelez International Inc. COMMON STOCK 609207105 381 8906 SH SOLE NONE 8906 0 0 Multi Color Corp. COMMON STOCK 625383104 618 8251 SH SOLE NONE 8251 0 0 NBT Bancorp Inc COMMON STOCK 628778102 368 10000 SH SOLE NONE 10000 0 0 New York Times COMMON STOCK 650111107 278 15000 SH SOLE NONE 15000 0 0 NextEra Energy Inc New COMMON STOCK 65339F101 451 2888 SH SOLE NONE 2888 0 0 Nike, Inc. COMMON STOCK 654106103 2032 32488 SH SOLE NONE 32488 0 0 Nordstrom Inc. COMMON STOCK 655664100 3719 78493 SH SOLE NONE 78493 0 0 Norfolk Southern Crp COMMON STOCK 655844108 548 3780 SH SOLE NONE 3780 0 0 Northrop Grumman Corp. COMMON STOCK 666807102 4920 16032 SH SOLE NONE 16032 0 0 Novartis AG Adr COMMON STOCK 66987V109 3702 44094 SH SOLE NONE 44094 0 0 NTT Docomo Inc. ADR COMMON STOCK 62942M201 128 5400 SH SOLE NONE 5400 0 0 Nuveen CA Muni Advantage Fund ETF/ETN 67066Y105 143 10000 SH SOLE NONE 10000 0 0 Oracle COMMON STOCK 68389X105 343 7262 SH SOLE NONE 7262 0 0 Park City Group Inc. COMMON STOCK 700215304 176 18450 SH SOLE NONE 18450 0 0 Pepsico, Inc. COMMON STOCK 713448108 6662 55555 SH SOLE NONE 55555 0 0 Pfizer Inc. COMMON STOCK 717081103 1421 39243 SH SOLE NONE 39243 0 0 Philip Morris Intl COMMON STOCK 718172109 260 2460 SH SOLE NONE 2460 0 0 Pimco ETF Short Maturity Str ETF/ETN 72201R833 1999 19680 SH SOLE NONE 19680 0 0 Pope Resources a Delaware LP COMMON STOCK 732857107 133 1900 SH SOLE NONE 1900 0 0 Portland Gen Elec Co COMMON STOCK 736508847 973 21340 SH SOLE NONE 21340 0 0 Potlatch Corp COMMON STOCK 737630103 439 8801 SH SOLE NONE 8801 0 0 PowerShares FTSE RAFI US 1000 ETF/ETN 73935X583 8476 74628 SH SOLE NONE 74628 0 0 Powershares High Yield Corp Bo ETF/ETN 73936T557 2869 151390 SH SOLE NONE 151390 0 0 PowerShares QQQ ETF/ETN 631100104 613 3937 SH SOLE NONE 3937 0 0 PPL Corp. COMMON STOCK 69351T106 1023 33067 SH SOLE NONE 33067 0 0 Procter & Gamble COMMON STOCK 742718109 1192 12972 SH SOLE NONE 12972 0 0 ProLogis COMMON STOCK 743410102 600 9300 SH SOLE NONE 9300 0 0 Quest Diagnostics Inc. COMMON STOCK 74834L100 177 1800 SH SOLE NONE 1800 0 0 Radisys Corp. COMMON STOCK 750459109 14 14000 SH SOLE NONE 14000 0 0 Rayonier COMMON STOCK 754907103 2123 67111 SH SOLE NONE 67111 0 0 Raytheon COMMON STOCK 755111507 1662 8850 SH SOLE NONE 8850 0 0 Royal Dutch Shell Cl A COMMON STOCK 780259206 267 4000 SH SOLE NONE 4000 0 0 Rush Enterprises Cl B COMMON STOCK 781846308 157 3250 SH SOLE NONE 3250 0 0 S & P 500 Index Fund ETF/ETN 78462F103 1786 6692 SH SOLE NONE 6692 0 0 Schlumberger Limited COMMON STOCK 806857108 657 9750 SH SOLE NONE 9750 0 0 Seaboard Corp. COMMON STOCK 811543107 1032 234 SH SOLE NONE 234 0 0 Seagate Technology COMMON STOCK G7945J104 172 4100 SH SOLE NONE 4100 0 0 Sonoco Products COMMON STOCK 835495102 2352 44254 SH SOLE NONE 44254 0 0 Southwest Air COMMON STOCK 844741108 346 5280 SH SOLE NONE 5280 0 0 SPDR S&P Dividend ETF ETF/ETN 78464A763 138 1460 SH SOLE NONE 1460 0 0 Starbucks COMMON STOCK 855244109 929 16170 SH SOLE NONE 16170 0 0 Starwood Ppty Trust, Inc. REIT 85571B105 1255 58800 SH SOLE NONE 58800 0 0 Statoil Hydro Asa Adr COMMON STOCK 85771P102 131 6100 SH SOLE NONE 6100 0 0 Streettracks Gold Shrs ETF/ETN 78463V107 1980 16013 SH SOLE NONE 16013 0 0 Stryker Corp COMMON STOCK 863667101 3979 25700 SH SOLE NONE 25700 0 0 Superior Industries Internatio COMMON STOCK 868168105 282 19000 SH SOLE NONE 19000 0 0 T Rowe Price Group, Inc. COMMON STOCK 74144T108 206 1960 SH SOLE NONE 1960 0 0 TETRA Technologies Inc. COMMON STOCK 88162F105 85 20000 SH SOLE NONE 20000 0 0 Texas Instruments COMMON STOCK 882508104 100 950 SH SOLE NONE 950 0 0 Time Warner Inc COMMON STOCK 887317303 137 1500 SH SOLE NONE 1500 0 0 Tompkins Financial Corp COMMON STOCK 890110109 138 1700 SH SOLE NONE 1700 0 0 Travelers Cos Inc. COMMON STOCK 89417E109 325 2395 SH SOLE NONE 2395 0 0 Trustco Bk Corp Ny COMMON STOCK 898349105 212 23000 SH SOLE NONE 23000 0 0 Twenty-First Century Fox, Cl B COMMON STOCK 90130A200 136 4000 SH SOLE NONE 4000 0 0 UGI Corp COMMON STOCK 902681105 1033 22001 SH SOLE NONE 22001 0 0 UMH Pptys Inc PFD C 6.750 PREFERRED STOCK 903002400 135 5000 SH SOLE NONE 5000 0 0 Unilever PLC COMMON STOCK 904767704 1027 18550 SH SOLE NONE 18550 0 0 Union Pacific Corporation COMMON STOCK 907818108 6918 51590 SH SOLE NONE 51590 0 0 United Technologies Corp. COMMON STOCK 913017109 2214 17353 SH SOLE NONE 17353 0 0 Unitedhealth Group COMMON STOCK 91324P102 406 1840 SH SOLE NONE 1840 0 0 Urstadt Biddle Pptys COMMON STOCK 917286106 995 58680 SH SOLE NONE 58680 0 0 Urstadt Biddle Pptys 6.75 12/ PREFERRED STOCK 917286809 571 21775 SH SOLE NONE 21775 0 0 Urstadt Biddle Pptys Inc Cl A COMMON STOCK 917286205 2004 92164 SH SOLE NONE 92164 0 0 Urstadt Biddle Pptys Inc Cum P PREFERRED STOCK 917286882 889 34000 SH SOLE NONE 34000 0 0 US Bancorp COMMON STOCK 902973304 4868 90846 SH SOLE NONE 90846 0 0 V F Corp COMMON STOCK 918204108 229 3100 SH SOLE NONE 3100 0 0 Vanguard Energy ETF ETF/ETN 92204A306 3920 39618 SH SOLE NONE 39618 0 0 Vanguard Extended Mkt ETF ETF/ETN 922908652 2643 23652 SH SOLE NONE 23652 0 0 Vanguard Financials ETF ETF/ETN 92204A405 1722 24583 SH SOLE NONE 24583 0 0 Vanguard FTSE All World ex-US ETF/ETN 922042718 2222 18640 SH SOLE NONE 18640 0 0 Vanguard FTSE Emerging Mkts ET ETF/ETN 922042858 157 3416 SH SOLE NONE 3416 0 0 Vanguard Global ex-US Real Est ETF/ETN 922042676 372 6150 SH SOLE NONE 6150 0 0 Vanguard Growth ETF ETF/ETN 922908736 316 2247 SH SOLE NONE 2247 0 0 Vanguard Health Care ETF ETF/ETN 92204A504 1742 11300 SH SOLE NONE 11300 0 0 Vanguard High Dividend Yield I ETF/ETN 921946406 18271 213370 SH SOLE NONE 213370 0 0 Vanguard Information Technolog ETF/ETN 92204A702 15918 96633 SH SOLE NONE 96633 0 0 Vanguard Intermediate-Term Cor ETF/ETN 92206C870 842 9630 SH SOLE NONE 9630 0 0 Vanguard Mega Cap ETF ETF/ETN 921910873 3290 35843 SH SOLE NONE 35843 0 0 Vanguard Mid Cap ETF ETF/ETN 922908629 170 1100 SH SOLE NONE 1100 0 0 Vanguard Mid-Cap Value ETF ETF/ETN 922908512 797 7142 SH SOLE NONE 7142 0 0 Vanguard REIT ETF ETF/ETN 922908553 3010 36278 SH SOLE NONE 36278 0 0 Vanguard S&P 500 ETF ETF/ETN 922908363 9921 40448 SH SOLE NONE 40448 0 0 Vanguard Short Term Bond ETF ETF/ETN 921937827 1032 13050 SH SOLE NONE 13050 0 0 Vanguard Small Cap Value ETF ETF/ETN 922908611 3520 26510 SH SOLE NONE 26510 0 0 Vanguard Total International S ETF/ETN 921909768 514 9050 SH SOLE NONE 9050 0 0 Vanguard Total Stock Mkt ETF ETF/ETN 922908769 32492 236738 SH SOLE NONE 236738 0 0 Vanguard Total World Stk Index ETF/ETN 922042742 4300 57907 SH SOLE NONE 57907 0 0 Vanguard Utilities ETF ETF/ETN 92204A876 1327 11384 SH SOLE NONE 11384 0 0 Vanguard Value ETF ETF/ETN 922908744 191 1794 SH SOLE NONE 1794 0 0 Vectren Corp COMMON STOCK 92240G101 1283 19733 SH SOLE NONE 19733 0 0 Ventas Inc. COMMON STOCK 92276F100 139 2310 SH SOLE NONE 2310 0 0 Verizon Communications COMMON STOCK 92343V104 3769 71216 SH SOLE NONE 71216 0 0 Visa Inc COMMON STOCK 92826C839 714 6262 SH SOLE NONE 6262 0 0 Vodafone Group PLC COMMON STOCK 92857W100 1558 48851 SH SOLE NONE 48851 0 0 Wabash National Corp. COMMON STOCK 929566107 2265 104365 SH SOLE NONE 104365 0 0 Wal-Mart Stores COMMON STOCK 931142103 2468 24992 SH SOLE NONE 24992 0 0 Walt Disney Co. COMMON STOCK 254687106 3681 34242 SH SOLE NONE 34242 0 0 Waste Management COMMON STOCK 94106L109 795 9217 SH SOLE NONE 9217 0 0 Wells Fargo & Co COMMON STOCK 949746101 1465 24139 SH SOLE NONE 24139 0 0 Westport Fuel Systems Inc. COMMON STOCK 960908309 38 10000 SH SOLE NONE 10000 0 0 Weyerhaeuser REIT 962166104 1941 55044 SH SOLE NONE 55044 0 0 Whirlpool Corp COMMON STOCK 963320106 1482 8785 SH SOLE NONE 8785 0 0 WisdomTree DEFA ETF ETF/ETN 97717W703 6233 111740 SH SOLE NONE 111740 0 0 WisdomTree Emerging Mkts Small ETF/ETN 97717W281 4683 89790 SH SOLE NONE 89790 0 0 Xylem Inc COMMON STOCK 98419M100 498 7298 SH SOLE NONE 7298 0 0 Zimmer Biomet Holdings, Inc. COMMON STOCK 98956P102 167 1380 SH SOLE NONE 1380 0 0