Cutler Investment Counsel

Cutler Investment Counsel as of Dec. 31, 2011

Portfolio Holdings for Cutler Investment Counsel

Cutler Investment Counsel holds 49 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
WisdomTree Earnings 500 Fund (EPS) 4.1 $5.2M 118k 44.03
WisdomTree Intl. LargeCap Div (DOL) 3.8 $4.9M 122k 40.00
International Business Machines (IBM) 3.3 $4.3M 23k 183.89
Chevron Corporation (CVX) 3.1 $3.9M 37k 106.41
Exxon Mobil Corporation (XOM) 3.0 $3.9M 46k 84.77
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 3.0 $3.8M 37k 104.20
Consolidated Edison (ED) 3.0 $3.8M 61k 62.02
McDonald's Corporation (MCD) 2.9 $3.7M 37k 100.33
American Express Company (AXP) 2.7 $3.4M 73k 47.17
Nordstrom (JWN) 2.7 $3.4M 69k 49.71
Union Pacific Corporation (UNP) 2.6 $3.4M 32k 105.94
Bristol Myers Squibb (BMY) 2.6 $3.3M 95k 35.24
Chubb Corporation 2.6 $3.3M 48k 69.22
WisdomTree Emerging Markets Eq (DEM) 2.6 $3.3M 64k 51.26
E.I. du Pont de Nemours & Company 2.5 $3.2M 70k 45.77
Verizon Communications (VZ) 2.5 $3.2M 79k 40.12
Intel Corporation (INTC) 2.4 $3.1M 127k 24.25
Texas Instruments Incorporated (TXN) 2.3 $3.0M 103k 29.11
Home Depot (HD) 2.3 $2.9M 70k 42.04
United Technologies Corporation 2.3 $2.9M 40k 73.08
ConocoPhillips (COP) 2.3 $2.9M 40k 72.87
Walt Disney Company (DIS) 2.2 $2.8M 74k 37.50
Caterpillar (CAT) 2.1 $2.7M 30k 90.61
Merck & Co (MRK) 2.1 $2.6M 70k 37.70
Johnson & Johnson (JNJ) 2.0 $2.6M 40k 65.58
At&t (T) 2.0 $2.6M 86k 30.24
Pepsi (PEP) 2.0 $2.6M 39k 66.36
National Fuel Gas (NFG) 2.0 $2.5M 46k 55.58
Procter & Gamble Company (PG) 1.9 $2.5M 37k 66.70
Honeywell International (HON) 1.9 $2.5M 45k 54.35
Kimberly-Clark Corporation (KMB) 1.9 $2.4M 33k 73.56
Emerson Electric (EMR) 1.9 $2.4M 52k 46.58
M&T Bank Corporation (MTB) 1.8 $2.3M 31k 76.34
Becton, Dickinson and (BDX) 1.8 $2.3M 30k 74.71
Archer Daniels Midland Company (ADM) 1.8 $2.2M 78k 28.61
SYSCO Corporation (SYY) 1.6 $2.1M 70k 29.33
Vanguard Mid-Cap ETF (VO) 1.5 $1.9M 27k 71.96
Nucor Corporation (NUE) 1.5 $1.9M 47k 39.56
Monsanto Company 1.4 $1.9M 26k 70.07
Vanguard Short-Term Bond ETF (BSV) 1.4 $1.7M 22k 80.82
iShares iBoxx $ High Yid Corp Bond (HYG) 1.4 $1.7M 19k 89.43
Vanguard REIT ETF (VNQ) 1.3 $1.7M 29k 58.01
WisdomTree SmallCap Earnings Fund (EES) 1.0 $1.3M 26k 50.30
iShares Barclays TIPS Bond Fund (TIP) 1.0 $1.2M 11k 116.69
Vanguard Total Bond Market ETF (BND) 0.9 $1.2M 14k 83.57
PNC Financial Services (PNC) 0.2 $277k 4.8k 57.71
Pfizer (PFE) 0.2 $253k 12k 21.68
Norfolk Southern (NSC) 0.2 $240k 3.3k 72.73
Public Service Enterprise (PEG) 0.2 $209k 6.3k 33.02