Polaris Equity Management

Polaris Equity Management as of March 31, 2012

Portfolio Holdings for Polaris Equity Management

Polaris Equity Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                (ITEM 1)                                     (ITEM 2)    (ITEM 3)      (ITEM 4)    (ITEM 5)   (ITEM 6)  (ITEM 7)       (ITEM 8)
NAME                                         TITLE                     FAIR       SHARES OR
OF                                            OF         CUSIP         MARKET     PRINCIPAL INVESTMENT     OTHER   VOTING AUTHORITY
ISSUER                                       CLASS       NUMBER        VALUE      AMOUNT    DISCRETION   MANAGER   SOLE SHARED  NONE
{S}                                          {C}        {C}           {C}          {C}           {C}       {C}     {C}  {C}     {C}
ACCENTURE PLC IRELAND SHS CLAS                COMMON    G1151C101       19,350        300         X                  0      300    0
COVIDIEN PLC SHS                              COMMON    G2554F113       38,276        700         X                  0      700    0
ALPHA & OMEGA SEMICONDUCTOR SH                COMMON    G6331P104      384,800     40,000         X                  0   40,000    0
TRANSOCEAN LTD ZUG NAMEN AKT                  COMMON    H8817H100        7,603        139         X                  0      139    0
EAGLE BULK SHIPPING INC COM                   COMMON    Y2187A101        4,850      2,500         X                  0    2,500    0
AFLAC INC COM                                 COMMON    001055102        3,817         83         X                  0       83    0
AGCO CORP COM                                 COMMON    001084102        5,335        113         X                  0      113    0
ALJ REGIONAL HLDGS INC COM                    COMMON    001627108          460      1,000         X                  0    1,000    0
AOL INC COM                                   COMMON    00184X105           19          1         X                  0        1    0
A T & T INC (NEW)                             COMMON    00206R102       88,537      2,835         X                  0    2,835    0
ABBOTT LABS                                   COMMON    002824100       18,387        300         X                  0      300    0
ABERDEEN ASIA PACIFIC INCOM CO                COMMON    003009107        2,377        326         X                  0      326    0
ACACIA RESH CORP ACACIA TCH CO                COMMON    003881307    2,063,834     49,445         X                  0   49,445    0
AFFILIATED MANAGERS GROUP COM                 COMMON    008252108       33,543        300         X                  0      300    0
AIR PRODS & CHEMS INC COM                     COMMON    009158106       27,540        300         X                  0      300    0
ALLEGHENY TECHNOLOGIES INC COM                COMMON    01741R102       20,667        502         X                  0      502    0
ALLERGAN INC COM                              COMMON    018490102       12,788        134         X                  0      134    0
ALLIANCE DATA SYSTEMS CORP COM                COMMON    018581108       37,788        300         X                  0      300    0
AMERICAN BANK HOLDINGS COM                    COMMON    024490401        5,772      5,772         X                  0    5,772    0
AMERICAN EXPRESS CO                           COMMON    025816109       34,716        600         X                  0      600    0
AMERICAN SIERRA GOLD CORP COM                 COMMON    029616109           26      7,500         X                  0    7,500    0
ANADARKO PETE CORP COM                        COMMON    032511107       34,235        437         X                  0      437    0
APACHE CORP COM                               COMMON    037411105       27,822        277         X                  0      277    0
APPLE COMPUTER INC                            COMMON    037833100    1,663,152      2,774         X                  0    2,774    0
APPLIED MATLS INC COM                         COMMON    038222105       83,879      6,740         X                  0    6,740    0
ARCHER DANIELS MIDLAND                        COMMON    039483102       67,531      2,133         X                  0    2,133    0
ATMOS ENERGY CORP COM                         COMMON    049560105       70,754      2,249         X                  0    2,249    0
AVERY DENNISON CORP                           COMMON    053611109       92,077      3,056         X                  0    3,056    0
BP PLC SPONSORED ADR                          COMMON    055622104       27,810        618         X                  0      618    0
BAKER HUGHES INC COM                          COMMON    057224107       22,019        525         X                  0      525    0
BANK OF AMERICA CORPORATION CO                COMMON    060505104       23,188      2,423         X                  0    2,423    0
BANK HAWAII CORP COM                          COMMON    062540109       65,273      1,350         X                  0    1,350    0
BANK OF NEW YORK MELLON CORPCO                COMMON    064058100       31,176      1,292         X                  0    1,292    0
iPath MSCI India Index                        ETF - E   06739F291    6,422,390    113,731         X                  0  113,731    0
BERKSHIRE HATHAWAY INC DEL                    COMMON    084670108      121,900          1         X                  0        1    0
BERKSHIRE HATHAWAY INC DEL CL                 COMMON    084670702      269,824      3,325         X                  0    3,325    0
BHP BILLITON LTD SPONSORED ADR                COMMON    088606108        4,344         60         X                  0       60    0
BIOGEN IDEC INC COM                           COMMON    09062X103       20,916        166         X                  0      166    0
CNOOC LTD SPONSORED ADR                       COMMON    126132109       20,429        100         X                  0      100    0
CSX CORP                                      COMMON    126408103       77,063      3,581         X                  0    3,581    0
CVS CORP COM                                  COMMON    126650100       24,640        550         X                  0      550    0
CYS INVTS INC COM                             COMMON    12673A108       26,180      2,000         X                  0    2,000    0
CADENCE DESIGN SYSTEM INC COM                 COMMON    127387108        2,368        200         X                  0      200    0
CAMPBELL SOUP CO COM                          COMMON    134429109       90,041      2,660         X                  0    2,660    0
CARNIVAL CORP PAIRED CTF                      COMMON    143658300       25,664        800         X                  0      800    0
CHEVRON CORP NEW COM                          COMMON    166764100    1,123,454     10,479         X                  0   10,479    0
CHURCH & DWIGHT CO                            COMMON    171340102       31,974        650         X                  0      650    0
CISCO SYS INC COM                             COMMON    17275R102       44,944      2,125         X                  0    2,125    0
CINTAS CORP COM                               COMMON    172908105       31,296        800         X                  0      800    0
CITIGROUP INC                                 COMMON    172967424        6,214        170         X                  0      170    0
CITRIX SYS INC COM                            COMMON    177376100        8,286        105         X                  0      105    0
COMBIMATRIX CORPORATION COM                   COMMON    20009T105        4,448      2,696         X                  0    2,696    0
COMPANHIA DE BEBIDAS DAS AMESP                COMMON    20441W203       19,834        480         X                  0      480    0
CONOCOPHILLIPS COM                            COMMON    20825C104       93,872      1,235         X                  0    1,235    0
CONSOLIDATED COMM HLDGS INC CO                COMMON    209034107       19,630      1,000         X                  0    1,000    0
CORNING INC COM                               COMMON    219350105       86,803      6,165         X                  0    6,165    0
CREE INC COM                                  COMMON    225447101        6,326        200         X                  0      200    0
CYPRESS SEMICONDUCTOR CORP COM                COMMON    232806109        6,330        405         X                  0      405    0
DCT INDUSTRIAL TRUST INC COM                  COMMON    233153105            6          1         X                  0        1    0
DTE ENERGY CO COM                             COMMON    233331107       87,057      1,582         X                  0    1,582    0
DEERE & CO COM                                COMMON    244199105       25,564        316         X                  0      316    0
DEVON ENERGY CORP NEW COM                     COMMON    25179M103       96,723      1,360         X                  0    1,360    0
DISCOVER FINL SVCS COM                        COMMON    254709108          867         26         X                  0       26    0
DIRECTV COM CL A                              COMMON    25490A101        7,154        145         X                  0      145    0
DOMINION RES INC VA NEW COM                   COMMON    25746U109       20,484        400         X                  0      400    0
DU PONT E I DE NEMOURS CO                     COMMON    263534109       31,528        596         X                  0      596    0
E M C CORP MASS COM                           COMMON    268648102       74,849      2,505         X                  0    2,505    0
E TRADE FINANCIAL CORP COM NEW                COMMON    269246401          548         50         X                  0       50    0
EASTMAN CHEM CO COM                           COMMON    277432100        5,169        100         X                  0      100    0
EATON CORP COM                                COMMON    278058102       17,441        350         X                  0      350    0
Eaton Vance Risk-Managed Diver                ETF - E   27829G106       10,590      1,000         X                  0    1,000    0
EBAY INC COM                                  COMMON    278642103       30,996        840         X                  0      840    0
ECOLAB INC COM                                COMMON    278865100        7,468        121         X                  0      121    0
EDISON INTL COM                               COMMON    281020107       17,004        400         X                  0      400    0
ELAN PLC ADR                                  COMMON    284131208        6,454        430         X                  0      430    0
EMERSON ELEC CO                               COMMON    291011104       22,281        427         X                  0      427    0
EMPIRE ENERGY CORP INTL COM                   COMMON    291648103        1,250    100,000         X                  0  100,000    0
ENERGIZER HLDGS INC COM                       COMMON    29266R108       45,176        609         X                  0      609    0
ENTERTAINMENT GAMES INC                       COMMON    29382Q109        5,736     47,799         X                  0   47,799    0
ACACIA RESEARCH AUG 37.500                    OPTION    3VZ991423        3,800         10         X                  0       10    0
EXPRESS SCRIPTS INC COM                       COMMON    302182100        7,910        146         X                  0      146    0
EXTERRAN HLDGS INC COM                        COMMON    30225X103       13,190      1,000         X                  0    1,000    0
EXTREME NETWORKS INC COM                      COMMON    30226D106      306,400     80,000         X                  0   80,000    0
EXXON MOBIL CORP COM                          COMMON    30231G102      315,697      3,640         X                  0    3,640    0
FACTSET RESH SYS INC COM                      COMMON    303075105       11,687        118         X                  0      118    0
FAMILY DLR STORES INC COM                     COMMON    307000109        4,746         75         X                  0       75    0
FEDERATED INVS INC PA CL B                    COMMON    314211103      102,078      4,555         X                  0    4,555    0
FLOWSERVE CORP COM                            COMMON    34354P105        7,046         61         X                  0       61    0
FLY LEASING LTD SPONSORED ADR                 COMMON    34407D109        6,105        500         X                  0      500    0
FREEPORT MCMORAN COPPER^GOLDCL                COMMON    35671D857      100,996      2,655         X                  0    2,655    0
FRONTIER COMMUNICATIONS CORPCO                COMMON    35906A108        6,255      1,500         X                  0    1,500    0
GENERAL ELEC CO                               COMMON    369604103       41,284      2,057         X                  0    2,057    0
GENERAL MTRS CO COM                           COMMON    37045V100       17,955        700         X                  0      700    0
GENWORTH FINL INC COM CL A                    COMMON    37247D106          666         80         X                  0       80    0
GLOBAL HEALTH VOYAGER INC                     COMMON    37951W100        1,475    210,658         X                  0  210,658    0
GOOGLE INC CL A                               COMMON    38259P508       46,169         72         X                  0       72    0
HCC INS HLDGS INC COM                         COMMON    404132102       18,702        600         X                  0      600    0
HALLIBURTON CO COM                            COMMON    406216101        9,691        292         X                  0      292    0
HARTFORD FINL SVCS GROUP INCCO                COMMON    416515104       96,125      4,560         X                  0    4,560    0
HESS CORP COM                                 COMMON    42809H107        6,720        114         X                  0      114    0
HEWLETT PACKARD CO COM                        COMMON    428236103       67,677      2,840         X                  0    2,840    0
HIGHLANDS INS GROUP INC COM                   COMMON    431032101            0         20         X                  0       20    0
HONEYWELL INTL INC COM                        COMMON    438516106      163,187      2,673         X                  0    2,673    0
HUDSON CITY BANCORP COM                       COMMON    443683107       77,327     10,571         X                  0   10,571    0
HUNTINGTON BANCSHARES INC COM                 COMMON    446150104       39,959      6,200         X                  0    6,200    0
HYATT HOTELS CORP COM CL A                    COMMON    448579102       19,224        450         X                  0      450    0
IMPACT FUSION INTL INC COM                    COMMON    45257G109            3      1,340         X                  0    1,340    0
INTEL CORP COM                                COMMON    458140100      392,795     13,971         X                  0   13,971    0
I B M                                         COMMON    459200101      122,686        588         X                  0      588    0
iShares MSCI Brazil Index                     ETF - E   464286400    3,823,087     59,126         X                  0   59,126    0
iShares MSCI Pacific ex-Japan                 ETF - E   464286665       11,576        266         X                  0      266    0
iShares MSCI Taiwan Index                     ETF - E   464286731    4,919,683    366,730         X                  0  366,730    0
iShares MSCI Switzerland                      ETF - E   464286749    5,738,853    229,279         X                  0  229,279    0
IShares MSCI German Index                     ETF - E   464286806        4,749        204         X                  0      204    0
ISHARES INC MSCI ITALY                        ETF - E   464286855        6,161        471         X                  0      471    0
iShares Barclays TIPS Bond                    ETF - F   464287176   17,612,323    149,701         X                  0  149,701    0
iShares Barclays Aggregate Bon                ETF - F   464287226   32,510,657    295,955         X                  0  295,955    0
iShares MSCI Emerging Markets                 ETF - E   464287234    9,865,669    229,728         X                  0  229,728    0
iShares S^P 500 Growth                        ETF - E   464287309       12,361        164         X                  0      164    0
iShares S^P 500 Value                         ETF - E   464287408    6,003,233     92,457         X                  0   92,457    0
iShares Barclays 1-3 Year Trea                ETF - F   464287457    7,740,154     91,795         X                  0   91,795    0
iShares MSCI EAFE Index                       ETF - E   464287465       10,155        185         X                  0      185    0
iShares Russell Midcap Value                  ETF - E   464287473    8,125,595    168,826         X                  0  168,826    0
iShares Russell Midcap Growth                 ETF - E   464287481   10,707,075    170,305         X                  0  170,305    0
iShares S^P MidCap Growth 400                 ETF - E   464287606       37,555        334         X                  0      334    0
iShares Russell 1000 Growth                   ETF - E   464287614   12,067,397    182,618         X                  0  182,618    0
iShares Russell 2000 Growth                   ETF - E   464287648   11,910,864    124,878         X                  0  124,878    0
iShares S^P MidCap Value 400                  ETF - E   464287705       28,356        332         X                  0      332    0
iShares Dow Jones U.S. Telecom                ETF - E   464287713       38,140      1,718         X                  0    1,718    0
iShares S^P SmallCap Value 600                ETF - E   464287879    5,678,175     72,269         X                  0   72,269    0
iShares S^P/Citi Intl Treasury                ETF - F   464288117      755,414      7,567         X                  0    7,567    0
iShares iBoxx $ High Yield Cor                ETF - F   464288513   34,216,841    377,176         X                  0  377,176    0
iShares KLD 400 Social Index                  ETF - E   464288570      207,600      4,000         X                  0    4,000    0
iShares KLD Select Social Inde                ETF - E   464288802      215,562      3,500         X                  0    3,500    0
ISHARES TR S^P MODERATE                       ETF - E   464289875       45,550      1,459         X                  0    1,459    0
JDS UNIPHASE CORP                             COMMON    46612J507          174         12         X                  0       12    0
J P MORGAN CHASE & CO                         COMMON    46625H100      116,467      2,533         X                  0    2,533    0
JABIL CIRCUIT INC COM                         COMMON    466313103       10,500        418         X                  0      418    0
JOHNSON & JOHNSON                             COMMON    478160104      108,768      1,649         X                  0    1,649    0
JOHNSON CTLS INC COM                          COMMON    478366107       15,428        475         X                  0      475    0
KLA-TENCOR CORP COM                           COMMON    482480100       86,528      1,590         X                  0    1,590    0
KIMBERLY CLARK CORP COM                       COMMON    494368103       14,778        200         X                  0      200    0
KINDER MORGAN ENERGY PARTNERUT                COMMON    494550106       24,825        300         X                  0      300    0
L-3 COMMUNICATIONS HLDGS INCCO                COMMON    502424104       56,616        800         X                  0      800    0
LABORATORY CORP AMER HLDGS COM                COMMON    50540R409       27,462        300         X                  0      300    0
LIBERTY PPTY TR SH BEN INT                    COMMON    531172104           36          1         X                  0        1    0
LIFE PARTNERS HOLDINGS INC COM                COMMON    53215T106       30,525      7,500         X                  0    7,500    0
LILLY, ELI AND COMPANY                        COMMON    532457108       68,169      1,693         X                  0    1,693    0
LOCKHEED MARTIN CORP COM                      COMMON    539830109      184,932      2,058         X                  0    2,058    0
MFA MTG INVTS INC COM                         COMMON    55272X102        7,470      1,000         X                  0    1,000    0
MARATHON OIL CORP COM                         COMMON    565849106       21,651        683         X                  0      683    0
MAXIM INTEGRATED PRODS INC COM                COMMON    57772K101       12,465        436         X                  0      436    0
MCDONALDS CORP                                COMMON    580135101      118,211      1,205         X                  0    1,205    0
MCGRAW-HILL COMPANIES INC COM                 COMMON    580645109       12,845        265         X                  0      265    0
MEDISWIPE INC COM                             COMMON    58500H105           25      6,380         X                  0    6,380    0
MERCK & CO INC NEW COM                        COMMON    58933Y105       21,120        550         X                  0      550    0
METLIFE INC COM                               COMMON    59156R108       22,746        609         X                  0      609    0
MICROSOFT                                     COMMON    594918104      183,595      5,692         X                  0    5,692    0
MINE SAFETY APPLIANCES CO                     COMMON    602720104       50,734      1,235         X                  0    1,235    0
MOLSON COORS BREWING CO CL B                  COMMON    60871R209       40,273        890         X                  0      890    0
MONSTER BEVERAGE CORPORATION                  COMMON    611740101       19,000        306         X                  0      306    0
MORGAN STANLEY COM NEW                        COMMON    617446448       85,257      4,341         X                  0    4,341    0
NYSE EURONEXT COM                             COMMON    629491101       93,481      3,115         X                  0    3,115    0
NIKE INC CL B                                 COMMON    654106103        9,868         91         X                  0       91    0
NOVARTIS AG SPONSORED ADR                     COMMON    66987V109       16,180        292         X                  0      292    0
NUCOR CORP COM                                COMMON    670346105       83,108      1,935         X                  0    1,935    0
OCCIDENTAL PETE CORP COM                      COMMON    674599105       10,094        106         X                  0      106    0
ORACLE SYS CORP                               COMMON    68389X105       25,515        875         X                  0      875    0
OTELCO INC INCME DEP SECS                     PREFERR   688823202       19,275      1,500         X                  0    1,500    0
PG^E CORP COM                                 COMMON    69331C108       50,877      1,172         X                  0    1,172    0
PNC FINANCIAL CORP                            COMMON    693475105        8,900        138         X                  0      138    0
PPL CORP COM                                  COMMON    69351T106       79,637      2,818         X                  0    2,818    0
PEPSICO INC                                   COMMON    713448108       21,232        320         X                  0      320    0
PIONEER FLOATING RATE TR COM                  COMMON    72369J102        6,480        500         X                  0      500    0
PITNEY BOWES INC                              COMMON    724479100       75,418      4,290         X                  0    4,290    0
POST HLDGS INC COM                            COMMON    737446104        1,647         50         X                  0       50    0
POWER SPORTS FACTORY INC MINCO                COMMON    739316107          592    160,000         X                  0  160,000    0
PowerShares Emerging Mkts Sove                ETF - F   73936T573   13,591,942    485,080         X                  0  485,080    0
PowerShares Build America Bond                ETF - F   73937B407      531,362     18,285         X                  0   18,285    0
PRAXAIR INC COM                               COMMON    74005P104       30,494        266         X                  0      266    0
PRICE T ROWE GROUP INC COM                    COMMON    74144T108       30,822        472         X                  0      472    0
PRICELINE COM INC COM NEW                     COMMON    741503403       21,525         30         X                  0       30    0
PROCTER & GAMBLE COMPANY                      COMMON    742718109       23,524        350         X                  0      350    0
PROLOGIS INC                                  COMMON    74340W103           36          1         X                  0        1    0
PRUDENTIAL FINL INC COM                       COMMON    744320102        2,282         36         X                  0       36    0
QUALCOMM INC COM                              COMMON    747525103       45,124        663         X                  0      663    0
RALCORP HLDGS INC NEW COM                     COMMON    751028101        7,483        101         X                  0      101    0
RED HAT INC COM                               COMMON    756577102       12,876        215         X                  0      215    0
REINSURANCE GROUP AMER INC COM                COMMON    759351604       41,629        700         X                  0      700    0
REYNOLDS AMERICAN INC COM                     COMMON    761713106       33,152        800         X                  0      800    0
SPDR S^P 500                                  ETF - E   78462F103       50,973        362         X                  0      362    0
SPDR GOLD TRUST GOLD SHS                      ETF - E   78463V107      343,046      2,116         X                  0    2,116    0
SPDR Barclays Capital High Yie                ETF - F   78464A417    3,059,797     77,719         X                  0   77,719    0
SPDR S^P Oil & Gas Exploration                ETF - E   78464A730    3,667,622     64,446         X                  0   64,446    0
SPDR S^P Metals & Mining ETF                  ETF - E   78464A755        5,718        115         X                  0      115    0
KBW Bank ETF                                  ETF - E   78464A797        7,465        313         X                  0      313    0
SCHEIN HENRY INC COM                          COMMON    806407102       10,217        135         X                  0      135    0
SCHLUMBERGER                                  COMMON    806857108       41,678        596         X                  0      596    0
SCHWAB CHARLES CORP NEW COM                   COMMON    808513105      102,932      7,163         X                  0    7,163    0
Materials Select Sector SPDR T                ETF - E   81369Y100    4,563,170    123,429         X                  0  123,429    0
Consumer Staples Select Sector                ETF - E   81369Y308        8,929        262         X                  0      262    0
Financial Select Sector SPDR F                ETF - E   81369Y605    4,315,731    273,234         X                  0  273,234    0
SOUTHERN COPPER CORP COM                      COMMON    84265V105       77,753      2,452         X                  0    2,452    0
STEEL DYNAMICS INC COM                        COMMON    858119100       77,513      5,331         X                  0    5,331    0
SUN HYDRAULICS CORP COM                       COMMON    866942105           26          1         X                  0        1    0
SUNTECH PWR HLDGS CO LTD ADR                  COMMON    86800C104        1,836        600         X                  0      600    0
TALISMAN ENERGY INC COM                       COMMON    874250000       11,995        952         X                  0      952    0
TARGET CORP COM                               COMMON    876120000       20,395        350         X                  0      350    0
TECHNE CORP COM                               COMMON    878377100       14,020        200         X                  0      200    0
TERRACO GOLD CORP COM                         COMMON    88101N102          250      1,250         X                  0    1,250    0
TEVA PHARMACEUTICAL INDS LTDAD                COMMON    881624209       25,143        558         X                  0      558    0
TEXAS INSTRS INC COM                          COMMON    882508104       25,208        750         X                  0      750    0
THERMO ELECTRON CORP COM                      COMMON    883556102       31,855        565         X                  0      565    0
3M CO COM                                     COMMON    88579Y101       26,763        300         X                  0      300    0
TIM HORTONS INC COM                           COMMON    88706M103       10,708        200         X                  0      200    0
TIME WARNER INC COM                           COMMON    887317303          604         16         X                  0       16    0
TIME WARNER CABLE INC COM                     COMMON    88732J207          326          4         X                  0        4    0
TITANIUM METALS CORP COM NEW                  COMMON    888339207       34,131      2,517         X                  0    2,517    0
TOTAL S A SPONSORED ADR                       COMMON    891510000        5,112        100         X                  0      100    0
TOUCH AMERICA HOLDING REVOKED                 COMMON    891539108            0        800         X                  0      800    0
TRAVELERS COMPANIES INC                       COMMON    894170000       32,560        550         X                  0      550    0
TRI CONTL CORP COM                            COMMON    895436103       20,266      1,273         X                  0    1,273    0
UDR INC COM                                   COMMON    902653104           27          1         X                  0        1    0
UGI CORP NEW COM                              COMMON    902681105       35,425      1,300         X                  0    1,300    0
UIL HLDG CORP COM                             COMMON    902748102       88,847      2,556         X                  0    2,556    0
UNION PAC CORP                                COMMON    907818108       14,725        137         X                  0      137    0
UNITED PARCEL SERVICE INC CL B                COMMON    911312106       48,432        600         X                  0      600    0
UNITED TECHNOLOGIES CORP                      COMMON    913017109       33,259        401         X                  0      401    0
UNITEDHEALTH GROUP INC COM                    COMMON    91324P102       14,971        254         X                  0      254    0
V F CORP                                      COMMON    918204108       34,597        237         X                  0      237    0
Vanguard Dividend Appreciation                ETF - E   921908844      135,016      2,306         X                  0    2,306    0
Vanguard Mega Cap 300 Gr Index                ETF - E   921910816      212,441      3,843         X                  0    3,843    0
Vanguard Short-Term Bond ETF                  ETF - F   921937827      124,729      1,541         X                  0    1,541    0
Vanguard Total Bond Market ETF                ETF - F   921937835      379,424      4,556         X                  0    4,556    0
Vanguard High Dividend Yield I                ETF - E   921946406    7,640,895    157,658         X                  0  157,658    0
Vanguard Energy ETF                           ETF - E   92204A306       85,722        815         X                  0      815    0
Vanguard Information Tech ETF                 ETF - E   92204A702       91,167      1,229         X                  0    1,229    0
Vanguard Materials ETF                        ETF - E   92204A801       90,349      1,099         X                  0    1,099    0
Vanguard FTSE All-World ex-US                 ETF - E   922042775       17,644        399         X                  0      399    0
Vanguard Emerging Markets Stoc                ETF - E   922042858    1,409,341     32,421         X                  0   32,421    0
Vanguard Short-Term Corp Bd                   ETF - F   92206C409       96,350      1,219         X                  0    1,219    0
Vanguard Long-Term Corp Bond I                ETF - F   92206C813      176,588      2,078         X                  0    2,078    0
Vanguard IT Corp Bond Idx                     ETF - F   92206C870      225,120      2,688         X                  0    2,688    0
VARIAN MED SYS INC COM                        COMMON    92220P105       16,412        238         X                  0      238    0
Vanguard Mid-Cap Value ETF                    ETF - E   922908512      174,793      3,042         X                  0    3,042    0
Vanguard Mid-Cap Growth ETF                   ETF - E   922908538      352,250      5,111         X                  0    5,111    0
Vanguard Small Cap Growth ETF                 ETF - E   922908595      211,453      2,432         X                  0    2,432    0
Vanguard Small Cap Value ETF                  ETF - E   922908611      139,282      1,979         X                  0    1,979    0
Vanguard Total Stock Market ET                ETF - E   922908769       50,582        700         X                  0      700    0
VERIZON COMMUNICATIONS INC COM                COMMON    92343V104      107,388      2,809         X                  0    2,809    0
VODAFONE GROUP PLC NEW SPONS A                COMMON    92857W209       38,738      1,400         X                  0    1,400    0
VOYAGER LEARNING CORP ESCROW -                COMMON    929ESC911            0      2,000         X                  0    2,000    0
VSUS TECHNOLOGIES INC COM NEW                 COMMON    92909G202           49      2,453         X                  0    2,453    0
WALGREEN COMPANY                              COMMON    931422109       81,381      2,430         X                  0    2,430    0
WASTE MGMT INC DEL COM                        COMMON    94106L109       28,248        808         X                  0      808    0
WELLS FARGO & CO NEW COM                      COMMON    949746101       47,489      1,391         X                  0    1,391    0
WINDSTREAM CORP COM                           COMMON    97381W104       17,347      1,482         X                  0    1,482    0
WisdomTree Emerging Markets Lo                ETF - F   97717X867      427,210      8,233         X                  0    8,233    0
XILINX INC COM                                COMMON    983919101        6,530        179         X                  0      179    0
XEROX CORP COM                                COMMON    984121103       60,764      7,525         X                  0    7,525    0
YAHOO INC COM                                 COMMON    984332106        9,132        600         X                  0      600    0
YANZHOU COAL MNG CO LTD SPON A                COMMON    984846105       25,932      1,200         X                  0    1,200    0

TOTAL                                                              233,982,202