Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER & GAMBLE	261,832	$21.1M	14.3%	$55.00	+2.7%	COM	742718109
XOM	EXXON MOBIL CORP	103,920	$10.15M	6.9%	$53.69	+8.2%	COM	30231G102
—	3M COMPANY	47,703	$6.471M	4.4%	$109.35	—	COM	604059105
JNJ	JOHNSON & JOHNSON	63,795	$6.267M	4.2%	$59.66	+11.7%	COM	478160104
USB	US BANCORP	131,816	$5.65M	3.8%	$22.41	+22.0%	COM	902973304
JPM	JP MORGAN CHASE & CO	72,310	$4.39M	3.0%	$36.24	+16.1%	COM	46625H100
CVX	CHEVRON CORP	35,036	$4.166M	2.8%	$71.31	-1.3%	COM	166764100
T	AT&T INC	105,849	$3.712M	2.5%	$11.40	-4.8%	COM	00206R102
KO	COCA-COLA COMPANY	88,977	$3.44M	2.3%	$27.69	-4.1%	COM	191216100
CINF	CINCINNATI FINANCIAL	68,666	$3.341M	2.3%	$32.94	+3.8%	COM	172062101
SMG	SCOTTS CO.	52,836	$3.238M	2.2%	$29.98	+30.7%	CLASS A	810186106
WSBC	WESBANCO INC.	99,609	$3.171M	2.1%	$24.67	+20.9%	COM	950810101
—	GENERAL ELECTRIC	116,704	$3.021M	2.0%	$23.29	—	COM	369604103
IBM	INTL BUS. MACHINES	15,202	$2.926M	2.0%	$118.94	-8.2%	COM	459200101
BF/B	BROWN-FORMAN	27,849	$2.498M	1.7%	$22.68	+18.0%	CLASS B	115637209
BRK/A	BERKSHIRE HATHAWAY	13	$2.436M	1.6%	$165023.42	+6.4%	CLASS A	084670108
MAA	MID-AMERICA APART COMM	34,364	$2.346M	1.6%	$43.30	-0.6%	COM	59522J103
LMT	LOCKHEED MARTIN	14,211	$2.32M	1.6%	$71.65	+58.2%	COM	539830109
PFE	PFIZER, INC.	72,187	$2.319M	1.6%	$16.46	+10.6%	COM	717081103
RYN	RAYONIER REIT	49,782	$2.285M	1.5%	$55.18	—	COM	754907103
BF/A	BROWN-FORMAN	25,170	$2.238M	1.5%	$17.20	+14.7%	CLASS A	115637100
—	TIFFANY & CO	23,875	$2.057M	1.4%	$72.83	—	COM	886547108
BMY	BRISTOL-MYERS SQUIBB	38,761	$2.014M	1.4%	$28.85	+24.5%	COM	110122108
VZ	VERIZON COMMUNICATIONS	40,589	$1.931M	1.3%	$26.60	-2.7%	COM	92343V104
PEP	PEPSICO INC	20,261	$1.692M	1.1%	$56.00	+1.5%	COM	713448108
MKC	MCCORMICK & COMPANY	20,900	$1.499M	1.0%	$28.19	-5.0%	COM	579780206
—	DUPONT DE NEMOURS	22,125	$1.485M	1.0%	$53.73	—	COM	263534109
EMR	EMERSON ELECTRIC	20,446	$1.366M	0.9%	$40.38	+18.3%	COM	291011104
KMB	KIMBERLY CLARK	12,201	$1.345M	0.9%	$63.14	+9.9%	COM	494368103
UPS	UNITED PARCEL SERVICE	13,317	$1.297M	0.9%	$55.38	+15.9%	COM	911312106
ACN	ACCENTURE PLC	15,997	$1.275M	0.9%	$63.81	+4.9%	COM	G1151C101
—	CEDAR FAIR L.P.	24,825	$1.264M	0.9%	$41.43	—	COM	150185106
ABBV	ABBVIE INC	21,370	$1.098M	0.7%	$26.56	+18.6%	COM	00287Y109
MDLZ	MONDELEZ INTERNATIONAL	30,293	$1.047M	0.7%	$23.16	+13.8%	COM	609207105
EL	LAUDER (ESTEE)	15,480	$1.035M	0.7%	$58.25	+2.6%	CLASS A	518439104
BAC	BANK OF AMERICA	57,795	$994K	0.7%	$10.03	+32.2%	COM	060505104
INTC	INTEL	36,387	$939K	0.6%	$17.23	+8.4%	COM	458140100
—	VODAFONE GROUP PLC ADR	22,913	$843K	0.6%	$29.14	—	COM	92857T107
—	ABBOTT LABORATORIES	21,280	$819K	0.6%	$34.85	—	COM	002824101
—	ENSCO PLC ADR	15,100	$797K	0.5%	$55.99	—	COM	G3157S106
HON	HONEYWELL INDUSTRIES	8,146	$756K	0.5%	$53.27	+21.5%	COM	438516106
—	MEDTRONIC	12,265	$755K	0.5%	$51.45	—	COM	585055106
—	PEYTO EXPLORATION CORP	20,000	$754K	0.5%	$30.40	—	COM	B6775F5CA
—	EL PASO PIPELINE PARTNERS	24,250	$737K	0.5%	$41.35	—	COM	283702108
QCOM	QUALCOMM INC	9,255	$730K	0.5%	$47.82	+13.0%	COM	747525103
—	KRAFT FOOD GROUP	12,005	$673K	0.5%	$55.84	—	COM	50076Q106
CSCO	CISCO SYSTEMS	30,033	$673K	0.5%	$15.40	-0.7%	COM	17275R102
MRK	MERCK & CO	11,708	$665K	0.4%	$30.02	+19.1%	COM	58933Y105
SJM	SMUCKER (J.M.)	6,383	$621K	0.4%	$70.84	-3.0%	COM	832696405
—	COACH INC	11,480	$570K	0.4%	$56.13	—	COM	189754104
VNO	VORNADO REALTY TRUST	5,737	$565K	0.4%	$82.80	—	COM	929042109
—	DUKE ENERGY	6,978	$497K	0.3%	$67.53	—	COM	264399106
CL	COLGATE PALMOLIVE	7,600	$493K	0.3%	$44.38	+7.9%	COM	194162103
SLB	SCHLUMBERGER	4,912	$479K	0.3%	$53.16	+23.2%	COM	806857108
LLY	LILLY (ELI)	8,100	$477K	0.3%	$42.21	+5.5%	COM	532457108
MSFT	MICROSOFT CORP	11,411	$468K	0.3%	$26.70	+17.1%	COM	594918104
NVS	NOVARTIS AG ADR	5,461	$464K	0.3%	$71.59	—	COM	66987V109
MCD	MCDONALDS	4,707	$461K	0.3%	$71.76	-2.1%	COM	580135101
TEVA	TEVA PHARMACEUTICAL ADR	8,697	$460K	0.3%	$39.18	—	COM	881624209
AXP	AMERICAN EXPRESS	4,950	$446K	0.3%	$59.62	+26.6%	COM	025816109
—	CRESTWOOD MIDSTREAM PART	19,141	$431K	0.3%	$24.90	—	COM	226372100
WU	WESTERN UNION CO	26,000	$425K	0.3%	$17.13	—	COM	959802109
—	APACHE CORP	5,043	$418K	0.3%	$83.89	—	COM	037411105
—	BEAM INC.	4,900	$408K	0.3%	$63.06	—	COM	073730103
—	ROYAL DUTCH SHELL PLC ADS	5,382	$393K	0.3%	$63.99	—	COM	780259206
CLX	CLOROX CO	4,453	$392K	0.3%	$60.22	+4.1%	COM	189054109
—	DOW CHEMICAL	7,998	$389K	0.3%	$32.13	—	COM	260543103
WM	WASTE MANAGEMENT INC	9,125	$384K	0.3%	$30.86	+6.2%	COM	94106L109
SYY	SYSCO	10,510	$380K	0.3%	$24.44	+6.8%	COM	871829107
GEF/B	GREIF INC. CL B	6,450	$379K	0.3%	$29.79	+5.1%	COM	397624206
—	WILLIAMS PARTNERS LP	7,300	$372K	0.3%	$50.96	—	COM	96950F104
—	EXPRESS SCRIPTS	4,854	$365K	0.2%	$62.66	—	COM	30219G108
BAX	BAXTER INTERNATIONAL	4,880	$359K	0.2%	$30.42	-0.3%	COM	071813109
COF	CAPITAL ONE FINANCIAL	4,613	$356K	0.2%	$47.00	+26.2%	COM	14040H105
PNC	PNC BANK CORP	4,012	$349K	0.2%	$47.34	+20.0%	COM	693475105
NSC	NORFOLK SOUTHERN	3,580	$348K	0.2%	$57.67	+23.8%	COM	655844108
—	HILL-ROM HOLDINGS	8,900	$343K	0.2%	$33.71	—	COM	431475102
—	MONSANTO COMPANY	3,000	$341K	0.2%	$98.67	—	COM	61166W101
CPB	CAMPBELL SOUP COMPANY	7,575	$340K	0.2%	$30.86	-3.7%	COM	134429109
—	SPECTRA ENERGY	9,138	$338K	0.2%	$34.42	—	COM	847560109
—	UNS ENERGY CORP	5,600	$336K	0.2%	$44.71	—	COM	909205106
COP	CONOCOPHILLIPS	4,720	$332K	0.2%	$48.13	-5.6%	COM	20825C104
MTX	MINERALS TECHNOLOGIES	4,900	$316K	0.2%	$39.30	+37.2%	COM	603158106
FITB	FIFTH THIRD BANCORP	13,312	$306K	0.2%	$11.51	+27.0%	COM	316773100
NSRGY	NESTLE SA SPON ADR	4,045	$305K	0.2%	$71.01	—	COM	641069406
ZBH	ZIMMER HOLDINGS	3,209	$304K	0.2%	$67.73	+23.4%	COM	98956P102
DIS	DISNEY (WALT) COMPANY	3,775	$302K	0.2%	$56.11	+24.2%	COM	254687106
—	UNITED TECHNOLOGIES CORP	2,530	$296K	0.2%	$93.04	—	COM	913017109
—	HILLENBRAND INDUSTRIES	9,000	$291K	0.2%	$23.67	—	COM	431571108
ED	CONSOLIDATED EDISON	5,406	$290K	0.2%	$35.93	-2.6%	COM	209115104
—	PLUM CREEK TIMBER CO	6,750	$284K	0.2%	$46.72	—	COM	729251108
BP	BP PLC ADS	5,844	$281K	0.2%	$48.42	—	COM	055622104
ONEXF	ONEX CORP	5,000	$278K	0.2%	$47.47	+12.7%	COM	68272K103
HSY	HERSHEY FOODS	2,531	$264K	0.2%	$65.69	+17.5%	COM	427866108
—	CAMDEN PROPERTY TRUST	3,765	$254K	0.2%	$69.06	—	COM	133131101
GD	GENERAL DYNAMICS	2,320	$253K	0.2%	$64.92	+23.4%	COM	369550108
—	BOARDWALK PIPELINE PART LP	18,600	$249K	0.2%	$29.98	—	COM	096627104
PM	PHILIP MORRIS INTERNATIONAL	2,982	$244K	0.2%	$49.61	-9.8%	COM	718172109
NOC	NORTHROP GRUMMAN	1,744	$215K	0.1%	$97.12	0.0%	COM	666807102
FBIN	FORTUNE BRANDS HOME & SECURITY	4,900	$206K	0.1%	$28.75	+13.3%	COM	34964C106
FHN	FIRST HORIZON NATIONAL	16,374	$202K	0.1%	$7.41	+11.7%	COM	320517105
NEE	NEXTERA ENERGY	2,102	$201K	0.1%	$16.57	0.0%	COM	65339F101
RF	REGIONS FINANCIAL CORP	17,914	$199K	0.1%	$5.80	+22.1%	COM	7591EP100
—	VIVUS INC.	16,000	$95,000	0.1%	$10.90	—	COM	928551100
ASRV	AMERISERV FINANCIAL	18,000	$69,000	0.0%	$2.19	+11.0%	COM	03074A102
—	AMERICAN DG ENERGY	20,100	$40,000	0.0%	$1.29	—	COM	025398108
—	CINCINNATI BELL	10,587	$37,000	0.0%	$3.06	—	COM	171871106