Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER & GAMBLE	270,187	$21.23M	13.1%	$55.10	+5.8%	COM	742718109
XOM	EXXON MOBIL CORP	107,240	$10.77M	6.6%	$53.94	+14.7%	COM	30231G102
—	3M COMPANY	49,933	$7.152M	4.4%	$110.87	—	COM	604059105
JNJ	JOHNSON & JOHNSON	66,513	$6.959M	4.3%	$60.21	+21.5%	COM	478160104
USB	US BANCORP	145,691	$6.311M	3.9%	$22.94	+21.7%	COM	902973304
CVX	CHEVRON CORP	35,551	$4.641M	2.9%	$71.38	+6.4%	COM	166764100
JPM	JP MORGAN CHASE & CO	73,753	$4.25M	2.6%	$36.34	+13.4%	COM	46625H100
KO	COCA-COLA COMPANY	99,405	$4.211M	2.6%	$27.73	+1.4%	COM	191216100
T	AT&T INC	109,792	$3.882M	2.4%	$11.41	+3.2%	COM	00206R102
CINF	CINCINNATI FINANCIAL	73,254	$3.519M	2.2%	$33.05	+5.2%	COM	172062101
—	GENERAL ELECTRIC	128,272	$3.371M	2.1%	$23.56	—	COM	369604103
SMG	SCOTTS CO.	55,513	$3.156M	1.9%	$30.45	+30.5%	CLASS A	810186106
WSBC	WESBANCO INC.	99,609	$3.092M	1.9%	$24.67	+22.8%	COM	950810101
IBM	INTL BUS. MACHINES	15,302	$2.774M	1.7%	$118.94	-5.6%	COM	459200101
BF/B	BROWN-FORMAN	28,549	$2.688M	1.7%	$22.86	+31.0%	CLASS B	115637209
MAA	MID-AMERICA APART COMM	35,385	$2.585M	1.6%	$43.41	+8.2%	COM	59522J103
—	TIFFANY & CO	24,691	$2.475M	1.5%	$73.74	—	COM	886547108
BRK/A	BERKSHIRE HATHAWAY	13	$2.469M	1.5%	$165023.42	+15.0%	CLASS A	084670108
LMT	LOCKHEED MARTIN	15,293	$2.458M	1.5%	$74.95	+57.9%	COM	539830109
BF/A	BROWN-FORMAN	26,070	$2.407M	1.5%	$17.37	+27.0%	CLASS A	115637100
PFE	PFIZER, INC.	71,928	$2.135M	1.3%	$16.46	+6.6%	COM	717081103
PEP	PEPSICO INC	23,426	$2.093M	1.3%	$56.66	+7.5%	COM	713448108
BMY	BRISTOL-MYERS SQUIBB	41,636	$2.02M	1.2%	$29.17	+14.8%	COM	110122108
RYN	RAYONIER REIT	53,740	$1.91M	1.2%	$53.73	—	COM	754907103
VZ	VERIZON COMMUNICATIONS	38,518	$1.885M	1.2%	$26.60	+0.7%	COM	92343V104
UPS	UNITED PARCEL SERVICE	17,089	$1.754M	1.1%	$57.86	+15.1%	COM	911312106
—	DUPONT DE NEMOURS	26,625	$1.742M	1.1%	$55.70	—	COM	263534109
EMR	EMERSON ELECTRIC	25,773	$1.71M	1.1%	$42.19	+16.5%	COM	291011104
MKC	MCCORMICK & COMPANY	22,349	$1.6M	1.0%	$28.22	+1.2%	COM	579780206
—	VODAFONE GROUP PLC ADR	46,039	$1.537M	0.9%	$31.27	—	COM	92857T107
KMB	KIMBERLY CLARK	13,404	$1.491M	0.9%	$63.92	+12.3%	COM	494368103
ACN	ACCENTURE PLC	18,109	$1.464M	0.9%	$64.08	+3.2%	COM	G1151C101
MDLZ	MONDELEZ INTERNATIONAL	36,182	$1.361M	0.8%	$23.99	+17.9%	COM	609207105
—	CEDAR FAIR L.P.	25,425	$1.345M	0.8%	$41.70	—	COM	150185106
ABBV	ABBVIE INC	23,730	$1.339M	0.8%	$27.20	+21.2%	COM	00287Y109
INTC	INTEL	41,109	$1.27M	0.8%	$17.63	+17.4%	COM	458140100
EL	LAUDER (ESTEE)	16,680	$1.239M	0.8%	$58.62	+8.2%	CLASS A	518439104
HON	HONEYWELL INDUSTRIES	11,021	$1.024M	0.6%	$56.51	+16.2%	COM	438516106
—	ABBOTT LABORATORIES	24,392	$998K	0.6%	$35.62	—	COM	002824101
—	ENSCO PLC ADR	17,451	$970K	0.6%	$55.94	—	COM	G3157S106
—	MEDTRONIC	15,050	$960K	0.6%	$53.73	—	COM	585055106
QCOM	QUALCOMM INC	12,110	$959K	0.6%	$50.05	+14.5%	COM	747525103
BAC	BANK OF AMERICA	60,898	$936K	0.6%	$10.14	+20.8%	COM	060505104
—	EL PASO PIPELINE PARTNERS	24,250	$879K	0.5%	$41.35	—	COM	283702108
CSCO	CISCO SYSTEMS	33,749	$839K	0.5%	$15.54	+7.1%	COM	17275R102
—	KRAFT FOOD GROUP	13,282	$796K	0.5%	$56.23	—	COM	50076Q106
SLB	SCHLUMBERGER	6,537	$771K	0.5%	$58.55	+27.8%	COM	806857108
MCD	MCDONALDS	7,323	$738K	0.5%	$72.84	+2.7%	COM	580135101
—	PEYTO EXPLORATION CORP	19,200	$722K	0.4%	$30.40	—	COM	B6775F5CA
RYAM	RAYONIER ADV MATERIALS	17,902	$694K	0.4%	$38.47	0.0%	COM	75508B104
SJM	SMUCKER (J.M.)	6,383	$680K	0.4%	$70.84	+0.8%	COM	832696405
NVS	NOVARTIS AG ADR	6,929	$627K	0.4%	$75.59	—	COM	66987V109
ONEXF	ONEX CORP	10,000	$620K	0.4%	$53.04	+10.5%	COM	68272K103
MRK	MERCK & CO	10,608	$614K	0.4%	$30.02	+26.5%	COM	58933Y105
VNO	VORNADO REALTY TRUST	5,737	$612K	0.4%	$82.80	—	COM	929042109
—	DUKE ENERGY	8,118	$602K	0.4%	$68.46	—	COM	264399106
TEVA	TEVA PHARMACEUTICAL ADR	11,374	$596K	0.4%	$42.29	—	COM	881624209
LLY	LILLY (ELI)	9,400	$584K	0.4%	$43.02	+11.6%	COM	532457108
SYY	SYSCO	14,981	$561K	0.3%	$25.17	+6.9%	COM	871829107
—	CRESTWOOD MIDSTREAM PART	24,442	$539K	0.3%	$24.28	—	COM	226372100
—	ROYAL DUTCH SHELL PLC ADS	6,382	$526K	0.3%	$66.88	—	COM	780259206
MSFT	MICROSOFT CORP	12,586	$525K	0.3%	$27.38	+24.0%	COM	594918104
CL	COLGATE PALMOLIVE	7,600	$518K	0.3%	$44.38	+15.4%	COM	194162103
—	APACHE CORP	5,118	$515K	0.3%	$84.13	—	COM	037411105
WU	WESTERN UNION CO	28,200	$489K	0.3%	$17.14	—	COM	959802109
AXP	AMERICAN EXPRESS	4,950	$469K	0.3%	$59.62	+28.1%	COM	025816109
WM	WASTE MANAGEMENT INC	10,425	$466K	0.3%	$31.29	+9.7%	COM	94106L109
COP	CONOCOPHILLIPS	5,065	$434K	0.3%	$48.49	+10.0%	COM	20825C104
CPB	CAMPBELL SOUP COMPANY	9,425	$432K	0.3%	$31.00	+1.8%	COM	134429109
BK	BANK OF NY MELLON	11,448	$429K	0.3%	$26.07	0.0%	COM	064058100
GEF/B	GREIF INC. CL B	7,100	$425K	0.3%	$30.09	+9.8%	COM	397624206
—	SPECTRA ENERGY	9,943	$422K	0.3%	$35.07	—	COM	847560109
—	WILLIAMS PARTNERS LP	7,700	$418K	0.3%	$51.13	—	COM	96950F104
—	DOW CHEMICAL	7,998	$411K	0.3%	$32.13	—	COM	260543103
CLX	CLOROX CO	4,453	$407K	0.3%	$60.22	+7.1%	COM	189054109
NSRGY	NESTLE SA SPON ADR	5,215	$404K	0.2%	$72.46	—	COM	641069406
NSC	NORFOLK SOUTHERN	3,880	$400K	0.2%	$59.09	+28.6%	COM	655844108
COF	CAPITAL ONE FINANCIAL	4,613	$381K	0.2%	$47.00	+34.2%	COM	14040H105
BP	BP PLC ADS	7,127	$376K	0.2%	$49.20	—	COM	055622104
—	MONSANTO COMPANY	3,000	$374K	0.2%	$98.67	—	COM	61166W101
—	HILL-ROM HOLDINGS	8,900	$369K	0.2%	$33.71	—	COM	431475102
PNC	PNC BANK CORP	4,083	$364K	0.2%	$47.56	+25.7%	COM	693475105
BAX	BAXTER INTERNATIONAL	4,880	$352K	0.2%	$30.42	+7.5%	COM	071813109
—	BOARDWALK PIPELINE PART LP	18,900	$350K	0.2%	$29.80	—	COM	096627104
—	UNS ENERGY CORP	5,600	$338K	0.2%	$44.71	—	COM	909205106
—	PLUM CREEK TIMBER CO	7,450	$336K	0.2%	$46.56	—	COM	729251108
ZBH	ZIMMER HOLDINGS	3,209	$333K	0.2%	$67.73	+30.9%	COM	98956P102
ED	CONSOLIDATED EDISON	5,706	$329K	0.2%	$35.95	+1.3%	COM	209115104
DIS	DISNEY (WALT) COMPANY	3,775	$324K	0.2%	$56.11	+30.9%	COM	254687106
MTX	MINERALS TECHNOLOGIES	4,900	$321K	0.2%	$39.30	+51.7%	COM	603158106
—	CAMDEN PROPERTY TRUST	4,447	$316K	0.2%	$69.36	—	COM	133131101
—	EXPRESS SCRIPTS	4,504	$312K	0.2%	$62.66	—	COM	30219G108
FITB	FIFTH THIRD BANCORP	14,217	$304K	0.2%	$11.69	+22.2%	COM	316773100
—	HILLENBRAND INDUSTRIES	9,000	$294K	0.2%	$23.67	—	COM	431571108
—	UNITED TECHNOLOGIES CORP	2,530	$292K	0.2%	$93.04	—	COM	913017109
GD	GENERAL DYNAMICS	2,320	$270K	0.2%	$64.92	+36.4%	COM	369550108
NOC	NORTHROP GRUMMAN	2,252	$269K	0.2%	$97.67	+2.0%	COM	666807102
NEE	NEXTERA ENERGY	2,477	$254K	0.2%	$16.77	+6.8%	COM	65339F101
—	KINDER MORGAN ENERGY	3,071	$252K	0.2%	$82.06	—	COM	494550106
PM	PHILIP MORRIS INTERNATIONAL	2,983	$251K	0.2%	$49.61	-2.8%	COM	718172109
AAPL	APPLE INC	2,653	$247K	0.2%	$18.66	0.0%	COM	037833100
HSY	HERSHEY FOODS	2,531	$246K	0.2%	$65.69	+13.2%	COM	427866108
LOW	LOWES CO	4,175	$200K	0.1%	$37.84	0.0%	COM	548661107
FHN	FIRST HORIZON NATIONAL	16,697	$198K	0.1%	$7.42	+10.0%	COM	320517105
RF	REGIONS FINANCIAL CORP	17,914	$190K	0.1%	$5.80	+21.2%	COM	7591EP100
—	VIVUS INC.	16,000	$85,000	0.1%	$10.90	—	COM	928551100
ASRV	AMERISERV FINANCIAL	18,000	$62,000	0.0%	$2.19	+18.3%	COM	03074A102
—	CINCINNATI BELL	11,087	$43,000	0.0%	$3.10	—	COM	171871106
—	AMERICAN DG ENERGY	20,100	$36,000	0.0%	$1.29	—	COM	025398108