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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 (2016Q2)
Portfolio Summary: 113 holdings with a total value of $100,381,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ISHARES TR 16,469 3,467,000 3.45%
2 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 29,515 3,284,000 3.27%
3 SELECT SECTOR SPDR TR 59,226 3,108,000 3.10%
4 ISHARES RUSSELL 2000 VALUE ETF 30,081 2,927,000 2.92%
5 ISHARES TR 19,296 2,883,000 2.87%
6 VANGUARD INDEX FDS 31,479 2,791,000 2.78%
7 SPDR SER TR 33,153 2,782,000 2.77%
8 ISHARES TR 42,556 2,375,000 2.37%
9 JOHNSON & JOHNSON 17,070 2,071,000 2.06%
10 SPDR SER TR 43,707 2,014,000 2.01%
11 ALPS ETF TR 154,000 1,959,000 1.95%
12 ISHARES TR 24,951 1,854,000 1.85%
13 VERIZON COMMUNICATIONS INC 31,584 1,764,000 1.76%
14 ISHARES TR 16,763 1,730,000 1.72%
15 ISHARES TR 17,168 1,723,000 1.72%
16 VANGUARD TAX-MANAGED FDS 48,277 1,707,000 1.70%
17 MICROSOFT CORP 31,890 1,632,000 1.63%
18 BRISTOL MYERS SQUIBB CO 20,989 1,544,000 1.54%
19 COCA COLA CO 33,325 1,511,000 1.51%
20 ISHARES INC 35,600 1,490,000 1.48%
21 AMERICAN ELEC P 20,792 1,457,000 1.45%
22 ISHARES TR 15,519 1,442,000 1.44%
23 POWERSHARES ETF TRUST 33,635 1,416,000 1.41%
24 DISNEY WALT CO 14,146 1,384,000 1.38%
25 ISHARES TR 11,713 1,366,000 1.36%
26 GENERAL ELECTRIC CO 42,569 1,340,000 1.33%
27 PROCTER AND GAMBLE CO 15,751 1,334,000 1.33%
28 POWERSHARES DB AGRICULTURE FUND 57,950 1,279,000 1.27%
29 HOME DEPOT INC 9,525 1,216,000 1.21%
30 EXXON MOBIL CORP 12,832 1,203,000 1.20%
31 VANGUARD INTL EQUITY INDEX F 31,209 1,100,000 1.10%
32 VISA INC 14,240 1,056,000 1.05%
33 JPMORGAN CHASE & CO 16,797 1,044,000 1.04%
34 ISHARES RUSSELL 2000 GROWTH ETF 7,552 1,036,000 1.03%
35 AT&T INC 23,923 1,034,000 1.03%
36 PFIZER INC 29,282 1,031,000 1.03%
37 MERCK & CO INC 17,645 1,017,000 1.01%
38 ISHARES TR 25,850 992,000 0.99%
39 POWERSHARES N/C 6/4/18 46138E354 22,578 966,000 0.96%
40 ISHARES TR 11,516 946,000 0.94%
41 BOEING CO 7,198 935,000 0.93%
42 SPDR INDEX SHS FDS 18,172 915,000 0.91%
43 AUTOMATIC DATA PROCESSING IN 9,881 908,000 0.90%
44 SPDR S&P 500 ETF TR 4,272 895,000 0.89%
45 FARMERS NATIONAL BANC CORP 100,666 886,000 0.88%
46 ISHARES TR 9,423 882,000 0.88%
47 CROWN CASTLE 8,152 827,000 0.82%
48 ORACLE CORP 19,447 796,000 0.79%
49 SMUCKER J M CO 5,086 775,000 0.77%
50 LOCKHEED MARTIN CORP 3,109 772,000 0.77%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003954, filed 2016.07.12).

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.