Haverford Trust Company

Haverford Trust as of June 30, 2020

Portfolio Holdings for Haverford Trust

Haverford Trust holds 270 positions in its portfolio as reported in the June 2020 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Microsoft Corporation (MSFT) 5.0 $290M 1.4M 203.51
Apple (AAPL) 4.5 $263M 720k 364.80
Ishares Core Msci Emerging Markets Etf Core Msci Emkt (IEMG) 4.3 $252M 5.3M 47.60
Lowe's Companies (LOW) 3.2 $185M 1.4M 135.12
Mastercard Cla (MA) 3.1 $180M 610k 295.70
BlackRock (BLK) 2.9 $171M 315k 544.09
Accenture Shs Class A (ACN) 2.8 $165M 768k 214.72
Johnson & Johnson (JNJ) 2.8 $162M 1.2M 140.63
Pepsi (PEP) 2.7 $156M 1.2M 132.26
UnitedHealth (UNH) 2.6 $152M 515k 294.95
CVS Caremark Corporation (CVS) 2.6 $149M 2.3M 64.97
Ishares Core S&p Small-cap Etf Core S&p Scp Etf (IJR) 2.5 $146M 2.1M 68.29
Ishares Core S&p 500 Etf Core S&p Etf (IVV) 2.4 $140M 452k 309.69
JPMorgan Chase & Co. (JPM) 2.3 $136M 1.4M 94.06
Becton, Dickinson and (BDX) 2.3 $133M 556k 239.27
Comcast Corp New Com Cl A Cl A (CMCSA) 2.2 $131M 3.4M 38.98
Dollar General (DG) 2.2 $130M 682k 190.51
TJX Companies (TJX) 2.2 $130M 2.6M 50.56
Disney Walt Productions Com Disney (DIS) 2.0 $116M 1.0M 111.51
Ishares Core Msci Eafe Etf Core Msci Eafe (IEFA) 1.9 $109M 1.9M 57.16
S&p Global (SPGI) 1.8 $106M 322k 329.48
Dupont De Nemours (DD) 1.8 $104M 2.0M 53.13
Baxter International (BAX) 1.8 $103M 1.2M 86.10
Honeywell International (HON) 1.7 $102M 702k 144.59
Air Products & Chemicals (APD) 1.6 $92M 381k 241.46
Oracle Corporation (ORCL) 1.6 $91M 1.6M 55.27
Ishares Core S&p Mid-cap Etf Core S&p Mcp Etf (IJH) 1.4 $81M 457k 177.82
Raytheon Technologies Corp (RTX) 1.4 $81M 1.3M 61.62
Coca-Cola Company (KO) 1.3 $78M 1.7M 44.68
Starbucks Corporation (SBUX) 1.3 $75M 1.0M 73.59
Medtronic SHS (MDT) 1.3 $74M 811k 91.70
Ishares Barclays Mbs Bond Fund Mbs Etf (MBB) 1.2 $73M 656k 110.70
Costco Wholesale Corporation (COST) 1.2 $71M 233k 303.21
Ecolab (ECL) 1.2 $67M 339k 198.95
Vanguard Ftse Pacific Etf Inf Tech Etf (VPL) 1.1 $63M 993k 63.65
Ishares Short-term Corporate Bond Etf 1-3 Yr Cr Bd Etf (IGSB) 1.0 $56M 1.0M 54.71
Cisco Systems (CSCO) 0.9 $54M 1.2M 46.64
McDonald's Corporation (MCD) 0.8 $49M 265k 184.47
Merck & Co (MRK) 0.8 $48M 616k 77.33
Ishares Intermediate Term Corp Bond Etf Interm Cr Bd Etf (IGIB) 0.8 $46M 754k 60.38
Spdr Tr Unit Ser 1 Tr Unit (SPY) 0.8 $45M 145k 308.36
United Parcel Svc Inc Cl B CL B (UPS) 0.8 $44M 399k 111.18
Automatic Data Processing (ADP) 0.8 $44M 295k 148.89
Genuine Parts Company (GPC) 0.7 $41M 471k 86.96
Verizon Communications (VZ) 0.7 $40M 734k 55.13
Vanguard Ftse All World Sc Etf Ftse Smcap Etf (VSS) 0.7 $40M 411k 96.62
Truist Financial Corp equities (TFC) 0.6 $37M 976k 37.55
Philip Morris International (PM) 0.6 $36M 513k 70.06
American Tower Reit (AMT) 0.5 $32M 123k 258.54
Chevron Corporation (CVX) 0.5 $32M 355k 89.23
Vanguard Total Stock Market Total Stk Mkt (VTI) 0.5 $31M 200k 156.53
Home Depot (HD) 0.5 $30M 120k 250.51
Procter & Gamble Company (PG) 0.5 $28M 231k 119.57
Diageo Plc - Spon Adr New (DEO) 0.4 $22M 166k 134.39
Dow (DOW) 0.4 $21M 512k 40.76
Vanguard Dividend Div App Etf (VIG) 0.3 $18M 151k 117.18
Ishares Barclays 7-10 Year Treasury Bond Fund 7-10 Y Tr Bd Etf (IEF) 0.3 $17M 139k 121.87
Intel Corporation (INTC) 0.3 $16M 272k 59.83
Invesco Taxable Municipal Bond Portfolio Taxable Mun Bd (BAB) 0.3 $16M 479k 32.91
Pfizer (PFE) 0.3 $15M 469k 32.70
Glaxosmithkline Sponsored Adr 0.3 $15M 365k 40.79
Amgen (AMGN) 0.3 $15M 62k 235.86
Berkshire Hathaway Inc Del Cl A (BRK.A) 0.2 $14M 54.00 267333.33
Lockheed Martin Corporation (LMT) 0.2 $14M 39k 364.91
American Electric Power Company (AEP) 0.2 $11M 136k 79.64
Ishares Trust Ishares Msci Acwi Ex Us Index Fund Msci Acwi Us Etf (ACWX) 0.2 $11M 249k 43.24
Union Pacific Corporation (UNP) 0.2 $10M 59k 169.07
Unilever Spon Adr New (UL) 0.2 $9.3M 170k 54.88
Exxon Mobil Corporation (XOM) 0.2 $8.9M 200k 44.72
Eaton Corp SHS (ETN) 0.1 $8.6M 99k 87.48
Abbvie (ABBV) 0.1 $8.5M 87k 98.18
Invesco S&p 500 Equal Weight Etf S&p500 Eql Wgt (RSP) 0.1 $7.9M 78k 101.76
Altria (MO) 0.1 $7.6M 195k 39.25
Kimberly-Clark Corporation (KMB) 0.1 $7.6M 54k 141.35
Abbott Laboratories (ABT) 0.1 $7.2M 79k 91.43
Johnson Controls International SHS (JCI) 0.1 $6.7M 196k 34.14
3M Company (MMM) 0.1 $6.5M 42k 155.98
Royal Dutch Shell Plc - Spon Adr B 0.1 $6.4M 210k 30.45
Ishares Ultra Short-term Bond Ultr Sh Trm Bd (ICSH) 0.1 $5.8M 114k 50.56
Vanguard Ftse Emerging Market Etf Ftse Emr Mkt Etf (VWO) 0.1 $5.7M 145k 39.61
Vanguard Ftse Europe Pacific Etf Ftse Dev Mkt Etf (VEA) 0.1 $5.3M 136k 38.79
At&t (T) 0.1 $4.7M 156k 30.23
Bristol Myers Squibb (BMY) 0.1 $4.7M 80k 58.80
Amazon (AMZN) 0.1 $4.7M 1.7k 2758.54
Ishares Short Maturity Bond Sht Mat Bd Etf (NEAR) 0.1 $4.6M 93k 50.01
Berkshire Hathaway Inc Del Cl B Cl B New (BRK.B) 0.1 $4.6M 26k 178.50
Invesco Qqq Trust Series 1 Unit Ser 1 (QQQ) 0.1 $4.4M 18k 247.58
Ishares Russell 1000 Growth Index Fund Rus 1000 Grw Etf (IWF) 0.1 $4.2M 22k 191.93
Alphabet Inc Cl C Cap Stk Cl C (GOOG) 0.1 $4.2M 3.0k 1413.61
Vanguard Total Intl Stock Index Fund Etf Vg Tl Intl Stk F (VXUS) 0.1 $4.1M 84k 49.18
Vanguard S&p 500 Etf S&p 500 Etf Shs (VOO) 0.1 $4.1M 14k 283.44
Corteva (CTVA) 0.1 $4.0M 148k 26.79
Ishares Dj Select Dividend Index Fund Select Divid Etf (DVY) 0.1 $3.9M 49k 80.72
Vanguard Reit Etf Reit Etf (VNQ) 0.1 $3.9M 50k 78.53
Nextera Energy (NEE) 0.1 $3.9M 16k 240.19
Illinois Tool Works (ITW) 0.1 $3.7M 21k 174.85
Colgate-Palmolive Company (CL) 0.1 $3.6M 50k 73.25
Sherwin-Williams Company (SHW) 0.1 $3.1M 5.3k 577.86
Novartis Ag - Sponsored Adr (NVS) 0.1 $3.1M 35k 87.34
Norfolk Southern (NSC) 0.1 $3.0M 17k 175.54
Vanguard Info Tech Etf Inf Tech Etf (VGT) 0.1 $3.0M 11k 278.74
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.0 $2.9M 26k 110.45
Target Corporation (TGT) 0.0 $2.9M 24k 119.95
Emerson Electric (EMR) 0.0 $2.8M 46k 62.02
Alphabet Inc - Cl A Cap Stk Cl A (GOOGL) 0.0 $2.8M 2.0k 1417.86
Unilever N V Wi N Y Shs New 0.0 $2.7M 50k 53.27
Waste Management (WM) 0.0 $2.6M 25k 105.91
P.H. Glatfelter Company 0.0 $2.6M 162k 16.05
Goldman Sachs Treas Acc Etf Acces Treasury (GBIL) 0.0 $2.5M 25k 100.50
International Business Machines (IBM) 0.0 $2.5M 21k 120.75
Visa In - Class A Com Cl A (V) 0.0 $2.4M 12k 193.16
Wal-Mart Stores (WMT) 0.0 $2.3M 19k 119.80
Stryker Corporation (SYK) 0.0 $2.3M 13k 180.20
Ishares Russell 2000 Index Fund Russell 2000 Etf (IWM) 0.0 $2.2M 16k 143.18
Danaher Corporation (DHR) 0.0 $2.2M 12k 176.87
Nike Inc Cl B CL B (NKE) 0.0 $2.1M 21k 98.04
Qualcomm (QCOM) 0.0 $2.0M 22k 91.19
Ishares Floating Rate Bond E Fltg Rate Nt Etf (FLOT) 0.0 $2.0M 39k 50.58
Wells Fargo & Company (WFC) 0.0 $1.9M 76k 25.60
Enterprise Products Partners (EPD) 0.0 $1.9M 105k 18.17
Cigna Corp (CI) 0.0 $1.9M 10k 187.62
Goldman Sachs Access Inv Grade Corp Bond Etf Access Invt Gr (GIGB) 0.0 $1.9M 34k 55.11
Facebook Cl A (META) 0.0 $1.8M 8.1k 227.08
American Express Company (AXP) 0.0 $1.8M 19k 95.20
BP Sponsored Adr (BP) 0.0 $1.7M 72k 23.32
Spdr Gold Trust Gold Shs (GLD) 0.0 $1.7M 10k 167.40
Northrop Grumman Corporation (NOC) 0.0 $1.7M 5.4k 307.37
Midcap Spdr Trust Series 1 Utser1 S&pdcrp (MDY) 0.0 $1.7M 5.1k 324.45
Chubb (CB) 0.0 $1.6M 13k 126.63
Vanguard Small-cap Etf Small Cap Etf (VB) 0.0 $1.6M 11k 145.76
PNC Financial Services (PNC) 0.0 $1.6M 15k 105.18
Zoetis Cl A (ZTS) 0.0 $1.6M 11k 137.04
Ishares S&p 500 Growth Index Fund S&p 500 Grwt Etf (IVW) 0.0 $1.5M 7.2k 207.52
ConocoPhillips (COP) 0.0 $1.5M 35k 42.03
Ishares Msci Emerging Markets Minimum Volatility I Em Mk Minvol Etf (EEMV) 0.0 $1.4M 28k 51.99
Dominion Resources (D) 0.0 $1.4M 17k 81.16
Thermo Fisher Scientific (TMO) 0.0 $1.3M 3.7k 362.39
Church & Dwight (CHD) 0.0 $1.3M 16k 77.31
Texas Instruments Incorporated (TXN) 0.0 $1.3M 9.9k 126.93
Vanguard High Dividend Yield Etf High Div Yld (VYM) 0.0 $1.3M 16k 78.76
U S Bancorp Com New (USB) 0.0 $1.2M 34k 36.82
Ishares Russell Mid Cap Growth Index Fund Rus Mdcp Val Etf (IWP) 0.0 $1.2M 7.9k 158.12
Ishares Russell Mid Cap Index Fund Rus Mid-cap Etf (IWR) 0.0 $1.2M 22k 53.61
Consolidated Edison (ED) 0.0 $1.2M 16k 71.96
Ishares Msci Eafe Index Fund Msci Eafe Etf (EFA) 0.0 $1.1M 19k 60.90
Ishares Russell 2000 Growth Index Fund Rus 2000 Grw Etf (IWO) 0.0 $1.1M 5.4k 206.95
Ishares Core Msci Acmi Core Msci Total (IXUS) 0.0 $1.1M 20k 54.52
Duke Energy Corp Com New (DUK) 0.0 $1.1M 14k 79.88
Ishares Msci Acwi Etf Msci Acwi Etf (ACWI) 0.0 $1.1M 15k 73.69
Boeing Company (BA) 0.0 $1.1M 5.7k 183.24
General Mills (GIS) 0.0 $1.0M 17k 61.63
Paypal Holdings (PYPL) 0.0 $1.0M 6.0k 174.21
Ishares Iboxx $ Investop Investment Grade Bond Fun Iboxx Inv Cp Etf (LQD) 0.0 $1.0M 7.6k 134.55
FedEx Corporation (FDX) 0.0 $994k 7.1k 140.24
Anthem (ELV) 0.0 $991k 3.8k 262.86
Chemours (CC) 0.0 $980k 64k 15.35
Canadian Pacific Railway 0.0 $958k 3.8k 255.47
Phillips 66 (PSX) 0.0 $932k 13k 71.86
Vanguard Mid-cap Etf Mid Cap Etf (VO) 0.0 $928k 5.7k 163.99
AFLAC Incorporated (AFL) 0.0 $908k 25k 36.03
Essential Utils (WTRG) 0.0 $904k 21k 42.24
Kroger (KR) 0.0 $902k 27k 33.86
Ishares National Amt-free Municipal Bond Fund Nat Amt Free Bd (MUB) 0.0 $885k 7.7k 115.38
Comm Serv Select Sector Spdr Communication (XLC) 0.0 $870k 16k 54.03
SYSCO Corporation (SYY) 0.0 $844k 15k 54.64
Royal Dutch Shell Spons Adr A 0.0 $840k 26k 32.67
International Flavors & Fragrances (IFF) 0.0 $839k 6.9k 122.39
Utilities Select Sector Spdr Sbi Int-utils (XLU) 0.0 $834k 15k 56.40
Sap Se Spon Adr (SAP) 0.0 $831k 5.9k 139.97
Caterpillar (CAT) 0.0 $826k 6.5k 126.44
Clorox Company (CLX) 0.0 $791k 3.6k 219.36
Jack Henry & Associates (JKHY) 0.0 $773k 4.2k 184.05
Energy Transfer Com Ut Ltd Ptn (ET) 0.0 $772k 108k 7.12
Ishares S&p Us Preferred Stock Index Fund U.s. Pfd Stk Etf (PFF) 0.0 $768k 22k 34.64
Ishares Dj Us Technology Sector Index Fund U.s. Tech Etf (IYW) 0.0 $748k 2.8k 269.84
Novo-nordisk A/s Spons Adr (NVO) 0.0 $711k 11k 65.45
Public Storage (PSA) 0.0 $710k 3.7k 191.89
Hershey Company (HSY) 0.0 $707k 5.5k 129.68
Netflix (NFLX) 0.0 $696k 1.5k 454.90
Mondelez International Inc Cl A Cl A (MDLZ) 0.0 $660k 13k 51.13
Ishares Russell 1000 Value Index Fund Rus 1000 Val Etf (IWD) 0.0 $647k 5.7k 112.66
Estee Lauder Cos Inc Cl A Cl A (EL) 0.0 $645k 3.4k 188.54
Ishares Barclays Intermediate Government/credit Bo Intrm Gov/cr Etf (GVI) 0.0 $631k 5.4k 117.68
Vanguard Ftse Europe Etf Ftse Europe Etf (VGK) 0.0 $625k 12k 50.35
Ishares S&p Short Term National Amt-free Municipal Shrt Nat Mun Etf (SUB) 0.0 $604k 5.6k 107.92
Travelers Companies (TRV) 0.0 $588k 5.2k 114.00
TransDigm Group Incorporated (TDG) 0.0 $575k 1.3k 442.31
Zimmer Holdings (ZBH) 0.0 $556k 4.7k 119.36
Deere & Company (DE) 0.0 $550k 3.5k 157.19
Nuveen Esg Emerging Markets Nuveen Esg Emrgn (NUEM) 0.0 $537k 22k 24.98
Eli Lilly & Co. (LLY) 0.0 $534k 3.3k 164.26
Vanguard Esg Intl Stock Etf Esg Intl Stk Etf (VSGX) 0.0 $524k 11k 48.12
Vanguard Value Etf Value Etf (VTV) 0.0 $524k 5.3k 99.68
Public Service Enterprise (PEG) 0.0 $522k 11k 49.19
Ishares Dow Jones International Select Dividend In Intl Sel Div Etf (IDV) 0.0 $511k 20k 25.13
Twilio Inc - A Cl A (TWLO) 0.0 $510k 2.3k 219.35
FleetCor Technologies 0.0 $503k 2.0k 251.50
Vanguard Growth Etf Growth Etf (VUG) 0.0 $502k 2.5k 202.26
M&T Bank Corporation (MTB) 0.0 $501k 4.8k 103.96
Peoples Financial Services Corp (PFIS) 0.0 $501k 13k 38.17
Canadian Natl Ry (CNI) 0.0 $500k 5.7k 88.50
Fidelity National Information Services (FIS) 0.0 $495k 3.7k 133.96
Ishares Msci Emerging Markets Index Fund Msci Emg Mkt Etf (EEM) 0.0 $484k 12k 40.00
Hanover Foods Corp - Cl A (HNFSA) 0.0 $484k 7.3k 66.00
Copart (CPRT) 0.0 $471k 5.7k 83.30
Microchip Technology (MCHP) 0.0 $469k 4.5k 105.39
Southern Company (SO) 0.0 $458k 8.8k 51.88
Brown-forman Corp CL B (BF.B) 0.0 $447k 7.0k 63.63
Ishares Us Treasury Bond Etf Us Treas Bd Etf (GOVT) 0.0 $443k 16k 28.01
Wisdomtree Defa Fund Intl Equity Fd (DWM) 0.0 $430k 9.7k 44.24
Otis Worldwide Corp (OTIS) 0.0 $417k 7.3k 56.82
SEI Investments Company (SEIC) 0.0 $412k 7.5k 54.93
Ishares Iboxx High Yield Corporate Bond Etf Iboxx Hi Yd Etf (HYG) 0.0 $410k 5.0k 81.62
Ross Stores (ROST) 0.0 $396k 4.6k 85.34
PPL Corporation (PPL) 0.0 $394k 15k 25.86
Magellan Midstream Partners Com Unit Rp Lp 0.0 $393k 9.1k 43.21
Ishares Barclays Tips Bond Fund Tips Bd Etf (TIP) 0.0 $392k 3.2k 123.00
PPG Industries (PPG) 0.0 $385k 3.6k 106.12
Nuveen Massachusetts Pre Income Mun (NMT) 0.0 $378k 28k 13.75
Ishares Core Total U.s. Bond Market Etf Core Us Aggbd Et (AGG) 0.0 $378k 3.2k 118.31
Vanguard Esg Us Stock Etf Esg Us Stk Etf (ESGV) 0.0 $367k 6.5k 56.46
Columbia Emerging Markets Consumer Etf Emrg Markets Etf (ECON) 0.0 $366k 16k 22.84
Linde 0.0 $362k 1.7k 212.07
UGI Corporation (UGI) 0.0 $358k 11k 31.82
V.F. Corporation (VFC) 0.0 $358k 5.9k 60.95
Fastenal Company (FAST) 0.0 $343k 8.0k 42.88
Walgreen Boots Alliance (WBA) 0.0 $332k 7.8k 42.41
Paychex (PAYX) 0.0 $326k 4.3k 75.80
Carrier Global Corporation (CARR) 0.0 $326k 15k 22.20
Dover Corporation (DOV) 0.0 $325k 3.4k 96.58
Cummins (CMI) 0.0 $323k 1.9k 173.10
Msc Industrial Direct Co - A Cl A (MSM) 0.0 $323k 4.4k 72.75
Technology Select Sect Spdr Technology (XLK) 0.0 $321k 3.1k 104.63
Citizens Financial (CFG) 0.0 $319k 13k 25.27
General Electric Company 0.0 $302k 44k 6.83
Lithia Motors Inc Cl A Cl A (LAD) 0.0 $300k 2.0k 151.13
Allstate Corporation (ALL) 0.0 $297k 3.1k 96.90
Ishares Long Term Corp Bond Etf 10+ Yr Cr Bd Etf (IGLB) 0.0 $295k 4.2k 70.07
Occidental Petroleum Corporation (OXY) 0.0 $295k 16k 18.27
Spdr S&p Dividend Etf S&p Divid Etf (SDY) 0.0 $290k 3.2k 91.14
Ishares Russell Mid Cap Value Index Fund Rus Mdcp Val Etf (IWS) 0.0 $289k 3.8k 76.64
Digital Realty Trust (DLR) 0.0 $286k 2.0k 142.15
Fox Corp - Cl B Cl B Com (FOX) 0.0 $285k 11k 26.86
Ishares Us Health Care Providers Etf Us Hlthcr Pr Etf (IHF) 0.0 $284k 1.5k 192.80
Ishares Russell 1000 Index Fund Rus 1000 Etf (IWB) 0.0 $283k 1.6k 171.62
Ishares North American Tech-software Etf Expanded Tech (IGV) 0.0 $277k 975.00 284.10
Fnf Group Fnf Group Com (FNF) 0.0 $276k 9.0k 30.70
Viacomcbs CL B (PARA) 0.0 $275k 12k 23.32
Wisdomtree Japan Hedged Equity Fund Japn Hedge Eqt (DXJ) 0.0 $273k 5.8k 47.01
Interactive Brokers (IBKR) 0.0 $267k 6.4k 41.72
Ametek (AME) 0.0 $265k 3.0k 89.38
Ishares Russell 3000 Index Fund Russell 3000 Etf (IWV) 0.0 $261k 1.5k 180.00
Ishares Msci Eafe Growth Index Fund Eafe Grwth Etf (EFG) 0.0 $261k 3.1k 83.23
Mccormick & Co Com Non Vtg (MKC) 0.0 $260k 1.5k 179.31
Vanguard Mid-cap Growth Etf Mcap Gr Idxvip (VOT) 0.0 $260k 1.6k 165.18
Exelon Corporation (EXC) 0.0 $255k 7.0k 36.31
Regeneron Pharmaceuticals (REGN) 0.0 $249k 400.00 622.50
Schwab Us Dvd Equity Etf Us Dividend Eq (SCHD) 0.0 $240k 4.6k 51.68
Black Knight 0.0 $219k 3.0k 72.44
Invesco S&p 500 Equal Weight S&p500 Eql Tec (RSPT) 0.0 $219k 1.1k 199.09
Hubbell (HUBB) 0.0 $214k 1.7k 125.15
Vanguard Large - Cap Etf Large Cap Etf (VV) 0.0 $213k 1.5k 142.95
Vanguard Intermediate-term Corporate Bond Etf Int-term Corp (VCIT) 0.0 $212k 2.2k 95.07
Campbell Soup Company (CPB) 0.0 $212k 4.3k 49.60
Cme Group Com Cl A (CME) 0.0 $210k 1.3k 162.29
L3harris Technologies (LHX) 0.0 $210k 1.2k 169.35
Ishares Tr S&p Mc 400gr Etf (IJK) 0.0 $208k 928.00 224.14
Progressive Corporation (PGR) 0.0 $205k 2.6k 80.14
Nuveen Pfd & Income 2022 Ter 0.0 $200k 8.9k 22.47
Republic First Ban (FRBK) 0.0 $114k 47k 2.45