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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 (2016Q1)
Portfolio Summary: 167 holdings with a total value of $153,430,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 LILLY ELI & CO 11,882 1,001,000 0.65%
52 ISHARES RUSSELL 2000 GROWTH ETF 7,170 999,000 0.65%
53 ISHARES TR 8,871 999,000 0.65%
54 AUTOMATIC DATA PROCESSING IN 11,773 997,000 0.65%
55 POWERSHARES ETF TR II 25,066 967,000 0.63%
56 FARMERS NATIONAL BANC CORP 111,418 958,000 0.62%
57 WAL-MART STORES INC 15,226 933,000 0.61%
58 LOCKHEED MARTIN CORP 4,242 921,000 0.60%
59 DOMINION ENERGY INC 13,242 896,000 0.58%
60 VANGUARD INTL EQUITY INDEX F 27,177 889,000 0.58%
61 ISHARES TR 25,850 875,000 0.57%
62 SPDR INDEX SHS FDSDJ GLB RL ES ETF 18,315 857,000 0.56%
63 ISHARES TR 11,297 829,000 0.54%
64 ISHARES TR 8,328 766,000 0.50%
65 CISCO SYS INC 28,155 765,000 0.50%
66 COLGATE PALMOLIVE CO 11,473 764,000 0.50%
67 PEOPLES BANCORP INC 38,080 717,000 0.47%
68 VOYA PRIME RATE TR 140,090 709,000 0.46%
69 CATERPILLAR INC 10,337 702,000 0.46%
70 BANK AMER CORP 40,296 678,000 0.44%
71 POWERSHARES QQQ TRUST 5,952 666,000 0.43%
72 ABBVIE INC 11,152 660,000 0.43%
73 DUKE ENERGY CORP NEW 9,077 648,000 0.42%
74 SPDR SERIES TRUST 14,211 635,000 0.41%
75 ALLSTATE CORP 9,871 613,000 0.40%
76 ISHARES SILVER TR 44,732 590,000 0.38%
77 SMUCKER J M CO 4,711 581,000 0.38%
78 ABBOTT LABS 12,599 566,000 0.37%
79 WELLTOWER INC 8,101 551,000 0.36%
80 NEXTERA ENERGY INC 5,252 546,000 0.36%
81 ISHARES TR 5,064 530,000 0.35%
82 UNITED STATES OIL FUND LP 47,718 525,000 0.34%
83 FORD MTR CO DEL 37,102 523,000 0.34%
84 SCHLUMBERGER LTD 7,373 514,000 0.34%
85 GLAXOSMITHKLINE PLC 12,232 494,000 0.32%
86 THERMO FISHER SCIENTIFIC INC 3,471 492,000 0.32%
87 COMCAST CORP NEW 8,227 464,000 0.30%
88 KIMBERLY CLARK CORP 3,520 448,000 0.29%
89 3M CO 2,947 444,000 0.29%
90 KEYCORP 32,617 430,000 0.28%
91 PROGRESSIVE CORP OHIO 13,318 424,000 0.28%
92 SPDR SERIES TRUST 13,928 423,000 0.28%
93 PHILIP MORRIS INTL INC 4,762 419,000 0.27%
94 ILLINOIS TOOL WKS INC 4,449 412,000 0.27%
95 MCDONALDS CORP 3,420 404,000 0.26%
96 RPM INTL INC 9,089 400,000 0.26%
97 SELECT SECTOR SPDR TR 6,557 395,000 0.26%
98 VODAFONE GROUP PLC NEW 11,668 377,000 0.25%
99 SPDR SERIES TRUST 6,235 375,000 0.24%
100 SOUTHERN CO 8,012 375,000 0.24%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003628, filed 2016.05.09).

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.