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Institutional Investment Manager
INVESTMENT PARTNERS, LTD.
INVESTMENT PARTNERS, LTD. (CIK: 0001050068) incorporated in Ohio, located at 419 W High Ave, New Philadelphia, OH. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 93 holdings with a total value of $76,384,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 33,454 3,632,000 4.75%
2 ISHARES TR 16,628 3,208,000 4.20%
3 ISHARES TR 18,933 2,589,000 3.39%
4 SELECT SECTOR SPDR TR 59,226 2,563,000 3.36%
5 ISHARES RUSSELL 2000 VALUE ETF 27,593 2,487,000 3.26%
6 VANGUARD INDEX FDS 30,562 2,308,000 3.02%
7 ISHARES TR 36,180 2,073,000 2.71%
8 VANGUARD INTL EQUITY INDEX F 60,430 1,996,000 2.61%
9 JOHNSON & JOHNSON 16,459 1,534,000 2.01%
10 ISHARES TR 22,558 1,514,000 1.98%
11 POWERSHARES ETF TRUST 35,053 1,406,000 1.84%
12 COCA COLA CO 32,268 1,291,000 1.69%
13 VANGUARD TAX-MANAGED FDS 34,736 1,237,000 1.62%
14 MICROSOFT CORP 27,774 1,229,000 1.61%
15 POWERSHARES DB AGRICULTURE FUND 57,950 1,210,000 1.58%
16 BRISTOL MYERS SQUIBB CO 20,181 1,193,000 1.56%
17 HOME DEPOT INC 9,576 1,107,000 1.45%
18 AMERICAN ELEC P 19,295 1,101,000 1.44%
19 ISHARES TR 9,624 1,039,000 1.36%
20 ISHARES TR 11,135 1,038,000 1.36%
21 ISHARES TR 11,041 1,031,000 1.35%
22 ISHARES TR 12,101 1,019,000 1.33%
23 SPDR SER TR 14,051 1,013,000 1.33%
24 VERIZON COMMUNICATIONS INC 23,069 1,002,000 1.31%
25 VISA INC 14,240 992,000 1.30%
26 SELECT SECTOR SPDR TR 16,042 980,000 1.28%
27 GENERAL ELECTRIC CO 38,143 963,000 1.26%
28 POWERSHARES N/C 6/4/18 46138E354 26,067 938,000 1.23%
29 JPMORGAN CHASE & CO 15,336 935,000 1.22%
30 ISHARES TR 8,578 934,000 1.22%
31 BOEING CO 7,124 929,000 1.22%
32 ISHARES RUSSELL 2000 GROWTH ETF 6,907 926,000 1.21%
33 DISNEY WALT CO 9,040 923,000 1.21%
34 PFIZER INC 28,910 909,000 1.19%
35 FIRST TR EXCHANGE TRADED FD 41,314 905,000 1.18%
36 EXXON MOBIL CORP 12,032 894,000 1.17%
37 FARMERS NATIONAL BANC CORP 100,000 822,000 1.08%
38 MERCK & CO INC 16,382 813,000 1.06%
39 BERKSHIRE HATHAWAY INC DEL 6,120 800,000 1.05%
40 SPDR S&P 500 ETF TR 4,140 794,000 1.04%
41 PROCTER AND GAMBLE CO 10,860 780,000 1.02%
42 AUTOMATIC DATA PROCESSING IN 9,693 777,000 1.02%
43 SPDR INDEX SHS FDS 16,983 767,000 1.00%
44 APPLE INC 6,592 728,000 0.95%
45 AT&T INC 22,134 723,000 0.95%
46 ORACLE CORP 19,832 717,000 0.94%
47 ISHARES TR 7,919 701,000 0.92%
48 ISHARES TR 9,604 665,000 0.87%
49 INTERNATIONAL BUSINESS MACHS 4,566 661,000 0.87%
50 LOCKHEED MARTIN CORP 3,128 648,000 0.85%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-15-002148, filed 2015.11.04).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.