Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PG	PROCTER & GAMBLE	237,542	$18.54M	11.0%	$55.10	+12.2%	COM	742718109
—	3M COMPANY	41,633	$8.19M	4.9%	$110.87	—	COM	604059105
XOM	EXXON MOBIL CORP	86,977	$7.195M	4.3%	$53.94	+4.1%	COM	30231G102
JNJ	JOHNSON & JOHNSON	56,150	$6.813M	4.0%	$60.21	+67.3%	COM	478160104
USB	US BANCORP	117,381	$5.871M	3.5%	$22.94	+62.4%	COM	902973304
JPM	JP MORGAN CHASE & CO	55,669	$5.8M	3.4%	$36.34	+145.0%	COM	46625H100
SMG	SCOTTS CO.	51,446	$4.278M	2.5%	$33.50	+90.4%	CLASS A	810186106
CINF	CINCINNATI FINANCIAL	59,414	$3.972M	2.4%	$33.05	+76.2%	COM	172062101
CVX	CHEVRON CORP	30,831	$3.897M	2.3%	$71.72	+24.3%	COM	166764100
LMT	LOCKHEED MARTIN	12,879	$3.804M	2.3%	$74.95	+250.3%	COM	539830109
KO	COCA-COLA COMPANY	85,925	$3.768M	2.2%	$27.78	+22.4%	COM	191216100
WSBC	WESBANCO INC.	81,985	$3.692M	2.2%	$24.75	+83.1%	COM	950810101
BRK/A	BERKSHIRE HATHAWAY	13	$3.666M	2.2%	$165023.42	+77.5%	CLASS A	084670108
T	AT&T INC	101,891	$3.271M	1.9%	$11.58	+25.5%	COM	00206R102
MAA	MID-AMERICA APART COMM	32,132	$3.234M	1.9%	$43.41	+65.6%	COM	59522J103
BF/B	BROWN-FORMAN	64,376	$3.155M	1.9%	$34.06	+41.5%	CLASS B	115637209
—	TIFFANY & CO	19,662	$2.587M	1.5%	$74.33	—	COM	886547108
UPS	UNITED PARCEL SERVICE	24,000	$2.549M	1.5%	$66.04	+26.8%	COM	911312106
EL	LAUDER (ESTEE)	17,080	$2.437M	1.4%	$62.68	+114.5%	CLASS A	518439104
—	DOWDUPONT INC.	35,744	$2.356M	1.4%	$69.21	—	COM	26078J100
PEP	PEPSICO INC	21,505	$2.341M	1.4%	$57.00	+43.4%	COM	713448108
ABBV	ABBVIE INC	24,804	$2.298M	1.4%	$30.33	+132.5%	COM	00287Y109
ACN	ACCENTURE PLC	13,938	$2.28M	1.4%	$66.56	+109.3%	COM	G1151C101
MKC	MCCORMICK & COMPANY	19,371	$2.248M	1.3%	$28.45	+59.6%	COM	579780206
INTC	INTEL	42,461	$2.11M	1.3%	$20.19	+123.1%	COM	458140100
PFE	PFIZER, INC.	56,247	$2.04M	1.2%	$16.62	+46.2%	COM	717081103
EMR	EMERSON ELECTRIC	26,393	$1.824M	1.1%	$42.98	+36.4%	COM	291011104
BF/A	BROWN-FORMAN	36,855	$1.8M	1.1%	$23.23	+100.4%	CLASS A	115637100
VZ	VERIZON COMMUNICATIONS	35,753	$1.798M	1.1%	$26.74	+20.5%	COM	92343V104
RYN	RAYONIER REIT	45,352	$1.754M	1.0%	$53.15	—	COM	754907103
IBM	INTL BUS. MACHINES	12,321	$1.721M	1.0%	$117.54	-15.0%	COM	459200101
CSCO	CISCO SYSTEMS	39,533	$1.701M	1.0%	$17.88	+94.3%	COM	17275R102
—	CEDAR FAIR L.P.	26,310	$1.657M	1.0%	$42.92	—	COM	150185106
—	ABBOTT LABORATORIES	27,084	$1.651M	1.0%	$38.82	—	COM	002824101
—	GENERAL ELECTRIC	116,824	$1.589M	0.9%	$23.45	—	COM	369604103
HON	HONEYWELL INDUSTRIES	10,982	$1.581M	0.9%	$58.96	+92.6%	COM	438516106
MDT	MEDTRONIC	17,274	$1.478M	0.9%	$59.98	+14.3%	COM	G5960L103
BMY	BRISTOL-MYERS SQUIBB	26,725	$1.478M	0.9%	$29.17	+39.3%	COM	110122108
—	VODAFONE GROUP PLC ADR	56,554	$1.374M	0.8%	$31.08	—	COM	92857T107
BAC	BANK OF AMERICA	46,515	$1.311M	0.8%	$10.14	+145.1%	COM	060505104
KIM	KIMCO REALTY CORP	75,053	$1.275M	0.8%	$10.41	-0.0%	COM	49446R109
MDLZ	MONDELEZ INTERNATIONAL	30,729	$1.259M	0.7%	$24.15	+38.1%	COM	609207105
KMB	KIMBERLY CLARK	11,907	$1.254M	0.7%	$64.31	+23.5%	COM	494368103
MSFT	MICROSOFT CORP	12,384	$1.221M	0.7%	$29.28	+206.5%	COM	594918104
BK	BANK OF NEW YORK MELLON	21,841	$1.177M	0.7%	$32.91	+35.4%	COM	064058100
SYY	SYSCO	15,658	$1.069M	0.6%	$26.38	+98.1%	COM	871829107
AAPL	APPLE INC	5,523	$1.022M	0.6%	$26.28	+62.6%	COM	037833100
MCD	MCDONALDS	6,092	$954K	0.6%	$72.84	+86.1%	COM	580135101
WM	WASTE MANAGEMENT INC	10,520	$855K	0.5%	$33.92	+114.3%	COM	94106L109
WY	WEYERHAEUSER CO	22,895	$834K	0.5%	$20.07	+34.9%	COM	962166104
DIS	DISNEY (WALT) COMPANY	7,790	$816K	0.5%	$80.73	+20.4%	COM	254687106
QCOM	QUALCOMM INC	14,270	$800K	0.5%	$49.24	-6.8%	COM	747525103
NOC	NORTHROP GRUMMAN	2,550	$784K	0.5%	$131.88	+121.0%	COM	666807102
NVS	NOVARTIS AG ADR	9,072	$685K	0.4%	$76.29	—	COM	66987V109
SJM	SMUCKER (J.M.)	6,278	$674K	0.4%	$70.90	+23.9%	COM	832696405
KHC	KRAFT HEINZ CO	10,598	$665K	0.4%	$47.85	-14.1%	COM	500754106
—	DUKE ENERGY	8,353	$660K	0.4%	$71.61	—	COM	264399106
NSRGY	NESTLE SA SPON ADR	8,475	$656K	0.4%	$73.46	—	COM	641069406
MRK	MERCK & CO	10,665	$647K	0.4%	$30.02	+48.3%	COM	58933Y105
LLY	LILLY (ELI)	7,150	$610K	0.4%	$43.02	+71.3%	COM	532457108
BA	BOEING COMPANY	1,665	$558K	0.3%	$182.97	+80.6%	COM	097023105
ZBH	ZIMMER HOLDINGS	5,015	$558K	0.3%	$85.35	+19.8%	COM	98956P102
NSC	NORFOLK SOUTHERN	3,690	$556K	0.3%	$59.09	+112.0%	COM	655844108
PNC	PNC BANK CORP	4,093	$552K	0.3%	$51.01	+118.8%	COM	693475105
—	HILL-ROM HOLDINGS	6,200	$541K	0.3%	$33.71	—	COM	431475102
SLB	SCHLUMBERGER	7,952	$533K	0.3%	$59.31	-7.1%	COM	806857108
LOW	LOWES COMPANIES	4,956	$473K	0.3%	$43.66	+80.2%	COM	548661107
WU	WESTERN UNION CO	22,600	$459K	0.3%	$17.12	—	COM	959802109
AXP	AMERICAN EXPRESS	4,650	$455K	0.3%	$59.59	+48.7%	COM	025816109
GD	GENERAL DYNAMICS	2,370	$441K	0.3%	$67.39	+155.4%	COM	369550108
—	ROYAL DUTCH SHELL PLC ADS	6,237	$431K	0.3%	$66.88	—	COM	780259206
ED	CONSOLIDATED EDISON	5,431	$423K	0.3%	$37.75	+53.7%	COM	209115104
COP	CONOCOPHILLIPS	5,798	$403K	0.2%	$48.44	+6.9%	COM	20825C104
CLX	CLOROX CO	2,903	$392K	0.2%	$60.48	+63.5%	COM	189054109
—	COSTCO WHOLESALE	1,740	$363K	0.2%	$156.77	—	COM	22160K106
KMI	KINDER MORGAN INC.	19,966	$352K	0.2%	$22.44	-52.9%	COM	49456B101
—	HILLENBRAND INDUSTRIES	7,400	$348K	0.2%	$23.67	—	COM	431571108
CPT	CAMDEN PROPERTY TRUST	3,727	$339K	0.2%	$51.14	+31.3%	COM	133131102
FITB	FIFTH THIRD BANCORP	11,217	$321K	0.2%	$11.69	+102.3%	COM	316773100
—	EXPRESS SCRIPTS	3,907	$301K	0.2%	$62.66	—	COM	30219G108
NEE	NEXTERA ENERGY	1,807	$301K	0.2%	$20.65	+61.8%	COM	65339F101
VNO	VORNADO REALTY TRUST	4,029	$297K	0.2%	$82.80	—	COM	929042109
FHN	FIRST HORIZON NATIONAL	16,697	$297K	0.2%	$7.42	+90.3%	COM	320517105
WFC	WELLS FARGO & CO	5,226	$289K	0.2%	$40.41	+7.3%	COM	949746101
ENB	ENBRIDGE	8,053	$287K	0.2%	$24.54	-19.4%	COM	29250N105
RF	REGIONS FINANCIAL CORP	15,920	$283K	0.2%	$5.80	+138.1%	COM	7591EP100
BAX	BAXTER INT'L	3,785	$279K	0.2%	$32.47	+89.5%	COM	071813109
WDFC	WD-40 COMPANY	1,900	$277K	0.2%	$88.52	+38.4%	COM	929236107
CPB	CAMPBELL SOUP COMPANY	6,548	$265K	0.2%	$31.81	-5.1%	COM	134429109
AMZN	AMAZON	150	$254K	0.2%	$71.51	+11.0%	COM	023135106
—	WILLIAMS PARTNERS LP	6,075	$246K	0.1%	$34.81	—	COM	96949L105
PEYUF	PEYTO EXPLORATION CORP	31,000	$242K	0.1%	$11.93	-54.0%	COM	717046106
ACAZF	ACADIAN TIMBER CORP	16,000	$242K	0.1%	$6.81	+35.8%	COM	004272100
TJX	TJX COMPANIES	2,514	$239K	0.1%	$35.48	+11.5%	COM	872540109
PM	PHILIP MORRIS INTERNATIONAL	2,959	$238K	0.1%	$49.61	+14.1%	COM	718172109
CAT	CATERPILLAR INC.	1,750	$237K	0.1%	$96.02	+31.8%	COM	149123101
ITW	ILLINOIS TOOL WORKS	1,712	$237K	0.1%	$97.16	+26.2%	COM	452308109
HSY	HERSHEY FOODS	2,531	$235K	0.1%	$65.69	+18.5%	COM	427866108
TEVA	TEVA PHARMACEUTICAL ADR	9,609	$233K	0.1%	$41.41	—	COM	881624209
BP	BP PLC ADS	4,935	$225K	0.1%	$41.95	—	COM	055622104
DEO	DIAGEO PLC ADR	1,489	$214K	0.1%	$145.93	—	COM	25243Q205
HUBB	HUBBELL INC.	1,988	$210K	0.1%	$76.44	+24.0%	COM	443510607
—	UNITED TECHNOLOGIES	1,669	$208K	0.1%	$127.11	—	COM	913017109
RYAM	RAYONIER ADV MATERIALS	11,578	$197K	0.1%	$38.34	-49.8%	COM	75508B104
—	BOARDWALK PIPELINE PART LP	14,850	$172K	0.1%	$29.80	—	COM	096627104
—	CBL & ASSOCIATES	21,064	$117K	0.1%	$4.45	—	COM	124830100
ASRV	AMERISERV FINANCIAL	18,000	$73,000	0.0%	$2.19	+47.0%	COM	03074A102
—	VIVUS INC.	11,000	$7,000	0.0%	$10.90	—	COM	928551100
—	SANTA FE GOLD CORP	10,000	$1,000	0.0%	$0.10	—	COM	80201E108