Our "Mutual Fund"

[Robandcindy2]

Equity Portion of "Our Mutual Fund":

Sensitive
Energy 10.00%
ConocoPhillips COP
Chevron Corporation CVX
Occidental Petroleum OXY
Exxon Mobil Corporation XOM
BP plc (ADR) BP
Ensco PLC Class A ESV
Royal Dutch Shell plc (ADR) RDS-A
Royal Dutch Shell plc (ADR) RDS-B
Williams Companies Inc WMB
Enbridge Energy Management, L.L.C. EEQ
Total S.A. ADR TOT
Kinder Morgan Management LLC KMR
Spectra Energy Corp. SE

Industrials 10.00%
Lockheed Martin Corporation LMT
Waste Management, Inc. WM
Norfolk Southern Corp. NSC
Paychex, Inc. PAYX
General Electric Company GE
UPS UPS
Stanley Black & Decker SWK
Emerson Electric Co. EMR
Textainer Group Holdings TGH
Caterpillar CAT

Technology 9.00%
Apple Inc. AAPL
Intel Corporation INTC
Maxim Integrated Products MXIM
Cisco CSCO
Microsoft Corporation MSFT
CA, Inc. CA
KLA-Tencor Corporation KLAC
Qualcom QCOM
Accenture PLC ACN
First Trust NASDAQ Technology Dividend Index ETF TDIV

Communication Services 5.00%
AT&T Inc. T
Verizon VZ
BCE Inc. (USA) BCE
Rogers Communications (USA) RCI
Vodafone VOD

Cyclical
Basic Materials 5.00%
Air Products APD
Compass Minerals CMP
Dow Chemical DOW
International Paper IP
Nucor NUE
Rayonier RYN
BHP Billiton plc (ADR) BBL
Potash POT

Consumer Cyclical 6.00%
Coach, Inc. COH
Darden DRI
Ford F
General Motors GM
Home Depot HD
Leggett & Platt, Inc. LEG
Mattel MAT
McDonald's Corporation MCD
PetMed Express PETS
Starbucks Corporation SBUX
Shaw Communications Inc (USA) SJR

Financial Services 5.00%
AFLAC Incorporated AFL
Cincinnati Financial Corporation CINF
Community Trust Bancorp CTBI
JP Morgan JPM
New York Community Bancorp, Inc. NYCB
Wells Fargo & Co WFC
Bank of Montreal (USA) BMO
The Bank of Nova Scotia (USA) BNS
HSBC Holdings plc HSBC
Toronto-Dominion Bank (USA) TD
Westpac Banking Corp ADR WBK

Business Development Companies (BDC's) 2.00%
Ares Capital Corporation ARCC
FS Investment Corp FSIC
Hercules Technology Growth Capital HTGC
Main Street Capital Corporation MAIN
New Mountain Finance Corp NMFC
TCP Capital TCPC

Real Estate Investment Trusts (REIT) 4.00%
American Realty Capital Properties ARCP
Digital Realty Trust, Inc. DLR
National Retail Properties NNN
Realty Income Corp O
Vanguard REIT ETF VNQ
Vanguard International Equity Index Funds VNQI

Health Care REITs 4.00%
HCP, Inc. HCP
Medical Properties Trust, Inc. MPW
National Health Inv. NHI
Omega Healthcare Investors Inc OHI
Health Care REIT HCN

Defensive
Consumer Defensive 20.00%
Archer Daniels Midland Company ADM
ConAgra Foods, Inc. CAG
Colgate-Palmolive Company CL
The Clorox Co CLX
CVS Caremark Corporation CVS
Dr. Pepper Snapple DPS
General Mills GIS
Kellog K
Kimberly Clark KMB
The Coca-Cola Company KO
Kraft Foods Group Inc KRFT
Lorillard Inc. LO
Altria MO
Nestle NSRGY
PepsiCo, Inc. PEP
Pinnacle Foods PF
The Procter & Gamble Company PG
Phillip Morris, Intl PM
SYSCO Corporation SYY
Target Corporation TGT
Tupperware Brands TUP
Unilever plc (ADR) UL
Walgreen Company WAG
Wal-Mart Stores, Inc. WMT

Health Care 10.00%
AbbVie Inc ABBV
Abbott ABT
AstraZeneca plc (ADR) AZN
Baxter International Inc. BAX
GlaxoSmithKline plc (ADR) GSK
Johnson & Johnson JNJ
Eli Lilly LLY
Medtronic MDT
Merck & Co., Inc. MRK
Novartis AG (ADR) NVS
Pfizer PFE
Market Vectors Pharmaceutical ETF PPH
Vanguard Healthcare ETF VHT

Utility Income Stocks 10.00%
American Electric Power Company, Inc. AEP
Avista AVA
Duke Energy Corp DUK
Consolidated Edison, Inc. ED
National Grid plc (ADR) NGG
Public Service Enterprise Group Inc. PEG
PPL Corporation PPL
Southern SO
Vectren Corp VVC
WGL Holdings WGL
Westar Energy Inc WR
Artesian Resources ARTNA
Middlesex Water Company MSEX

---

Only a handful of these positions exceed 1% of our portfolio. This is one way I minimize risk. Maybe not text book but it works for me "at this phase of my investing development/education."

As I seriously get close to retirement (mandatory by age 65 as an airline pilot) I plan on shrinking the number of stocks significantly, raising the "current" yield conservatively closer to 4%-4.5% as well as bringing our fixed income assets back in line with our Boglehead Family (assuming QE has settled down and the bond world has normalized....ah, yeah....that's gonna happen! ) When I retire, portfolio management will be my full time job (that and teaching my better half to take over when I croak from all those hours locked in a tiny closet bathing in gamma rays at 39,000 feet living on airline food and coffee.) :-)