Dearborn Partners 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AFLAC Inc.	COM	001055102	418,281	5,993	SH		SOLE		5,993	0	0
AT&T Inc	COM	00206R102	1,067,317	66,916	SH		SOLE		66,916	0	0
AbbVie Inc	COM	00287Y109	41,559,091	308,462	SH		SOLE		299,098	0	9,364
Abbott Labs	COM	002824100	40,306,373	369,715	SH		SOLE		362,556	0	7,159
Accenture PLC Cl A	COM	G1151C101	41,444,076	134,306	SH		SOLE		130,791	0	3,515
Agenus Inc	COM	00847G705	37,373	23,358	SH		SOLE		23,358	0	0
Air Products & Chemicals, Inc	COM	009158106	48,720,790	162,657	SH		SOLE		157,704	0	4,954
Akamai Technologies Com	COM	00971T101	304,210	3,385	SH		SOLE		3,385	0	0
Alcon Inc	COM	H01301128	354,636	4,281	SH		SOLE		4,281	0	0
Allstate Corp	COM	020002101	206,413	1,893	SH		SOLE		1,886	0	7
Alphabet Inc CL A	COM	02079K305	3,395,291	28,365	SH		SOLE		28,256	0	109
Alphabet Inc CL C NON Voting	COM	02079K107	1,254,822	10,373	SH		SOLE		10,276	0	97
Amazon.com	COM	023135106	2,140,250	16,418	SH		SOLE		16,268	0	150
Ambev SA ADR	COM	02319V103	14,138	4,446	SH		SOLE		4,446	0	0
Ambev SA ADR	COM	02319V103	342,314	107,646	SH		OTR		0	0	107,646
American Electric Power	COM	025537101	490,564	5,826	SH		SOLE		5,826	0	0
American Express Co	COM	025816109	361,291	2,074	SH		SOLE		2,062	0	12
American Tower Corp	COM	03027X100	27,651,835	142,579	SH		SOLE		138,924	0	3,656
American Water Works Co	COM	030420103	634,338	4,444	SH		SOLE		4,444	0	0
Amgen	COM	031162100	664,284	2,992	SH		SOLE		2,680	0	312
Analog Devices Inc	COM	032654105	15,653,043	80,350	SH		SOLE		78,748	0	1,602
Apple Inc.	COM	037833100	146,912,957	757,400	SH		SOLE		738,613	0	18,787
Ares Management Corporation	COM	03990B101	12,594,709	130,718	SH		SOLE		124,204	0	6,515
Arthur J. Gallagher & Co	COM	363576109	55,881,058	254,502	SH		SOLE		248,665	0	5,837
Atmos Energy Corporation	COM	049560105	44,369,963	381,382	SH		SOLE		371,401	0	9,981
Automatic Data Processing	COM	053015103	70,524,708	320,873	SH		SOLE		312,652	0	8,221
BCE Inc.	COM	05534B760	7,801,198	171,116	SH		SOLE		161,431	0	9,685
Baxter International Inc	COM	071813109	330,674	7,258	SH		SOLE		7,258	0	0
Becton Dickinson and Co	COM	075887109	45,978,189	174,153	SH		SOLE		171,338	0	2,816
Berkshire Hathaway Cl B	COM	084670702	639,375	1,875	SH		SOLE		1,835	0	40
Black Hills Corp	COM	092113109	222,962	3,700	SH		SOLE		3,700	0	0
Blackstone Group Inc	COM	09260D107	2,186,423	23,518	SH		SOLE		23,518	0	0
Boeing	COM	097023105	830,129	3,931	SH		SOLE		3,917	0	14
Bristol Myers Squibb Company	COM	110122108	570,754	8,925	SH		SOLE		8,874	0	51
British American Tobacco PLC A	COM	110448107	12,815	386	SH		SOLE		386	0	0
British American Tobacco PLC A	COM	110448107	316,097	9,521	SH		OTR		0	0	9,521
Broadcom Inc	COM	11135F101	309,673	357	SH		SOLE		352	0	5
Broadridge Financial Solutions	COM	11133T103	23,204,317	140,097	SH		SOLE		135,201	0	4,896
Brookfield Renewable Corp	COM	11284V105	308,991	9,803	SH		SOLE		9,803	0	0
CME Group Inc	COM	12572Q105	316,846	1,710	SH		SOLE		1,710	0	0
CRA International, Inc	COM	12618T105	553,248	5,424	SH		SOLE		5,424	0	0
CVS Health Corp	COM	126650100	732,916	10,602	SH		SOLE		9,310	0	1,292
Cano Health Inc Com Cl A	COM	13781Y103	18,765	13,500	SH		SOLE		13,500	0	0
Carrier Global Corp Com	COM	14448C104	41,796,892	840,815	SH		SOLE		821,277	0	19,537
Casey's General Stores Inc	COM	147528103	40,572,563	166,363	SH		SOLE		161,187	0	5,176
Caterpillar Inc	COM	149123101	12,569,520	51,085	SH		SOLE		51,080	0	5
Chevron Corp	COM	166764100	10,855,213	68,988	SH		SOLE		68,958	0	30
Chipotle Mexican Grill	COM	169656105	216,039	101	SH		SOLE		101	0	0
Chubb Ltd	COM	H1467J104	459,256	2,385	SH		SOLE		2,382	0	3
Cisco Systems	COM	17275R102	1,393,941	26,941	SH		SOLE		26,909	0	32
Clorox Co	COM	189054109	1,262,460	7,938	SH		SOLE		7,934	0	4
Coca Cola Co	COM	191216100	6,681,977	110,959	SH		SOLE		110,850	0	109
Cognizant Tech Solutions Cl A	COM	192446102	503,374	7,711	SH		SOLE		7,670	0	41
Colgate Palmolive Co	COM	194162103	544,337	7,066	SH		SOLE		6,257	0	809
Comcast Corp New Cl A	COM	20030N101	315,905	7,603	SH		SOLE		7,540	0	63
Commerce Bancshares Inc	COM	200525103	265,464	5,451	SH		SOLE		5,451	0	0
ConocoPhillips	COM	20825c104	234,932	2,267	SH		SOLE		2,242	0	25
Costco Wholesale Corp	COM	22160K105	41,294,573	76,702	SH		SOLE		74,786	0	1,916
Cummins Inc	COM	231021106	523,662	2,136	SH		SOLE		2,130	0	6
Danaher Corp	COM	235851102	292,320	1,218	SH		SOLE		1,202	0	16
Deere & Co	COM	244199105	2,186,031	5,395	SH		SOLE		4,228	0	1,167
Diageo PLC New Spons ADR	COM	25243Q205	122,130	704	SH		SOLE		704	0	0
Diageo PLC New Spons ADR	COM	25243Q205	308,621	1,779	SH		OTR		0	0	1,779
Digital Realty Trust Inc	COM	253868103	267,253	2,347	SH		SOLE		2,341	0	6
Dollar Genl Corp	COM	256677105	25,783,918	151,867	SH		SOLE		148,068	0	3,799
Dollar Genl Corp	COM	256677105	6,282	37	SH		OTR		37	0	0
Dominion Energy Inc	COM	25746U109	317,341	6,127	SH		SOLE		6,127	0	0
Dow Chemical	COM	260557103	665,537	12,496	SH		SOLE		12,496	0	0
DuPont de Nemours Inc	COM	26614N102	301,182	4,216	SH		SOLE		4,189	0	27
Duke Energy Corp	COM	26441C204	900,006	10,029	SH		SOLE		10,029	0	0
EOG Resources Inc	COM	26875P101	31,578,700	275,941	SH		SOLE		268,663	0	7,278
Eaton Corp PLC	COM	G29183103	849,849	4,226	SH		SOLE		3,411	0	815
Ecolab Inc	COM	278865100	1,206,951	6,465	SH		SOLE		5,961	0	504
Eli Lilly & Co	COM	532457108	2,194,826	4,680	SH		SOLE		4,663	0	17
Emerson Electric Co	COM	291011104	1,041,383	11,521	SH		SOLE		11,498	0	23
Enbridge Inc.	COM	29250N105	627,389	16,888	SH		SOLE		16,888	0	0
Enterprise Products Partners L	COM	293792107	427,941	16,241	SH		SOLE		16,241	0	0
Equinix Inc	COM	29444U700	34,031,530	43,411	SH		SOLE		42,042	0	1,369
Essential Utilities	COM	29670G102	261,419	6,550	SH		SOLE		6,550	0	0
Exxon Mobil Corp	COM	30231G102	62,417,666	581,983	SH		SOLE		565,061	0	16,921
Fastenal Company	COM	311900104	39,831,289	675,221	SH		SOLE		649,912	0	25,309
Fidelity National Information	COM	31620M106	297,185	5,433	SH		SOLE		5,433	0	0
GCM Grosvenor Inc	COM	36831E108	136,881	18,154	SH		SOLE		18,154	0	0
General Dynamics Corp	COM	369550108	15,614,296	72,574	SH		SOLE		72,574	0	0
Gilead Sciences Incorporated	COM	375558103	34,250,087	444,402	SH		SOLE		427,808	0	16,594
Glacier Bancorp Inc	COM	37637Q105	28,414,833	911,608	SH		SOLE		877,490	0	34,119
Graco Inc Com	COM	384109104	257,927	2,987	SH		SOLE		2,987	0	0
Hershey Company	COM	427866108	3,283,418	13,149	SH		SOLE		13,147	0	2
Home Depot Inc	COM	437076102	54,509,067	175,473	SH		SOLE		169,017	0	6,456
Honeywell Intl Inc	COM	438516106	1,859,772	8,963	SH		SOLE		8,958	0	5
Idex Corp	COM	45167R104	409,640	1,903	SH		SOLE		1,103	0	800
Idexx Labs Inc	COM	45168D104	612,721	1,220	SH		SOLE		220	0	1,000
Illinois Tool Works Inc	COM	452308109	66,343,862	265,206	SH		SOLE		259,060	0	6,146
India Globalization Capital In	COM	45408X308	36,367	116,710	SH		SOLE		116,710	0	0
Insulet Corp	COM	45784P101	288,340	1,000	SH		SOLE		0	0	1,000
Intel Corp	COM	458140100	562,061	16,808	SH		SOLE		14,965	0	1,843
International Business Machine	COM	459200101	9,729,222	72,709	SH		SOLE		68,198	0	4,511
Intuit	COM	461202103	35,278,382	76,995	SH		SOLE		75,238	0	1,758
Intuitive Surgical Inc	COM	46120E602	341,598	999	SH		SOLE		990	0	9
J M Smucker Company New	COM	832696405	569,831	3,859	SH		SOLE		3,859	0	0
J P Morgan Chase & Co	COM	46625H100	16,194,786	111,350	SH		SOLE		111,307	0	43
Jack Henry & Assoc Inc Com	COM	426281101	29,324,272	175,248	SH		SOLE		170,789	0	4,459
Johnson & Johnson	COM	478160104	18,602,980	112,391	SH		SOLE		112,336	0	55
Johnson & Johnson	COM	478160104	28,966	175	SH		OTR		175	0	0
Kellogg Company	COM	487836108	526,651	7,814	SH		SOLE		4,623	0	3,191
Kimberly-Clark Corp	COM	494368103	35,038,853	253,794	SH		SOLE		244,080	0	9,715
Kimberly-Clark Corp	COM	494368103	5,522	40	SH		OTR		40	0	0
Kinder Morgan Inc	COM	49456B101	235,848	13,696	SH		SOLE		13,678	0	18
L3Harris Technologies Inc Com	COM	502431109	315,777	1,613	SH		SOLE		1,608	0	5
Lancaster Colony Corp	COM	513847103	1,186,539	5,901	SH		SOLE		3,896	0	2,005
Lennar Corp Cl A	COM	526057104	206,762	1,650	SH		SOLE		1,650	0	0
Linde PLC	COM	G5494J103	11,875,215	31,162	SH		SOLE		31,149	0	13
Lockheed Martin Corp	COM	539830109	1,417,613	3,079	SH		SOLE		2,771	0	308
Lowe's Companies, Inc.	COM	548661107	1,003,914	4,448	SH		SOLE		3,741	0	707
Lowe's Companies, Inc.	COM	548661107	95,923	425	SH		OTR		425	0	0
LyondellBasell Industries NV	COM	N53745100	325,537	3,545	SH		SOLE		3,527	0	18
M D C Hldgs Inc	COM	552676108	923,240	19,740	SH		SOLE		19,740	0	0
Magellan Midstream Partners, L	COM	559080106	259,874	4,170	SH		SOLE		4,170	0	0
Main Street Capital Corp	COM	56035L104	1,409,648	35,215	SH		SOLE		19,532	0	15,683
Mastercard Inc	COM	57636Q104	39,126,221	99,482	SH		SOLE		97,290	0	2,192
McCormick & Company Inc	COM	579780107	44,269,707	507,506	SH		SOLE		492,625	0	14,880
McDonalds Corp	COM	580135101	73,713,781	247,022	SH		SOLE		240,230	0	6,792
Medtronic PLC	COM	G5960L103	8,925,023	101,306	SH		SOLE		92,137	0	9,169
Merck & Co Inc	COM	58933Y105	47,300,913	409,922	SH		SOLE		397,207	0	12,715
Meta Platforms Ord Shs Class A	COM	30303M102	433,914	1,512	SH		SOLE		1,472	0	40
Microsoft Corp	COM	594918104	90,463,829	265,648	SH		SOLE		260,770	0	4,878
Mondelez International Inc A	COM	609207105	38,360,920	525,924	SH		SOLE		508,601	0	17,323
Nasdaq, Inc.	COM	631103108	28,366,161	569,030	SH		SOLE		555,641	0	13,389
National Grid PLC - SPONS ADR	COM	636274409	12,321	183	SH		SOLE		183	0	0
National Grid PLC - SPONS ADR	COM	636274409	299,147	4,443	SH		OTR		0	0	4,443
Netflix Inc Com	COM	64110L106	308,343	700	SH		SOLE		686	0	14
NextEra Energy Inc	COM	65339F101	66,892,802	901,520	SH		SOLE		880,572	0	20,948
Nextera Energy Part LP	COM	65341B106	1,217,132	20,756	SH		SOLE		19,986	0	770
Nike Inc, Class B	COM	654106103	1,676,042	15,186	SH		SOLE		15,153	0	33
Norfolk Southern Corp	COM	655844108	1,013,304	4,469	SH		SOLE		4,462	0	7
Northern Trust	COM	665859104	1,292,972	17,440	SH		SOLE		17,240	0	200
Northrop Grumman Corp	COM	666807102	305,429	670	SH		SOLE		670	0	0
Novartis AG ADR	COM	66987V109	6,002,127	59,480	SH		SOLE		59,480	0	0
Novartis AG ADR	COM	66987V109	386,283	3,828	SH		OTR		0	0	3,828
Novo Nordisk A/S - SPON ADR	COM	670100205	232,388	1,436	SH		SOLE		1,436	0	0
Nvidia Corp	COM	67066G104	1,274,817	3,014	SH		SOLE		2,969	0	45
O'Reilly Automotive Inc	COM	67103H107	210,166	220	SH		SOLE		220	0	0
ONE Gas Inc	COM	68235P108	609,384	7,934	SH		SOLE		4,822	0	3,112
ONEOK, Inc.	COM	682680103	9,628,358	156,001	SH		SOLE		143,636	0	12,365
Oracle Corp	COM	68389X105	397,522	3,338	SH		SOLE		3,284	0	54
Otis Worldwide Corp Com	COM	68902V107	1,576,189	17,708	SH		SOLE		17,708	0	0
PPG Industries Inc	COM	693506107	824,103	5,557	SH		SOLE		5,557	0	0
Parker Hannifin Corp	COM	701094104	834,686	2,140	SH		SOLE		2,137	0	3
PayChex Inc	COM	704326107	1,096,925	9,805	SH		SOLE		5,782	0	4,024
PepsiCo Inc	COM	713448108	14,897,723	80,433	SH		SOLE		80,370	0	63
Pfizer	COM	717081103	1,240,052	33,807	SH		SOLE		33,807	0	0
Philip Morris International	COM	718172109	321,658	3,295	SH		SOLE		3,280	0	15
Phillips 66	COM	718546104	584,012	6,123	SH		SOLE		6,104	0	19
Phillips 66	COM	718546104	6,009	63	SH		OTR		63	0	0
Pioneer Natural Resources	COM	723787107	229,970	1,110	SH		SOLE		1,110	0	0
Pool Corporation	COM	73278L105	34,544,764	92,208	SH		SOLE		89,992	0	2,216
Procter & Gamble Co	COM	742718109	10,268,069	67,669	SH		SOLE		67,618	0	51
Progressive Corp Ohio Com	COM	743315103	889,215	6,718	SH		SOLE		4,020	0	2,698
Public Storage Inc	COM	74460d109	586,730	2,010	SH		SOLE		1,127	0	883
QUALCOMM Inc.	COM	747525103	43,057,069	361,703	SH		SOLE		350,531	0	11,171
RPM Intl Inc	COM	749685103	8,932,532	99,549	SH		SOLE		99,549	0	0
Raytheon Technologies Com	COM	75513E101	7,774,658	79,366	SH		SOLE		78,951	0	415
Realty Income Corporation	COM	756109104	7,156,108	119,687	SH		SOLE		112,883	0	6,804
Reliance Steel & Aluminum Co	COM	759509102	33,688,567	124,042	SH		SOLE		124,042	0	0
Relx Plc - Sponsored Adr	COM	759530108	14,642	438	SH		SOLE		438	0	0
Relx Plc - Sponsored Adr	COM	759530108	196,134	5,867	SH		OTR		0	0	5,867
Republic Services Inc	COM	760759100	59,751,773	390,101	SH		SOLE		378,247	0	11,854
Republic Services Inc	COM	760759100	15,011	98	SH		OTR		98	0	0
Resmed Inc	COM	761152107	335,398	1,535	SH		SOLE		529	0	1,006
Rockwell Automation Inc.	COM	773903109	601,905	1,827	SH		SOLE		1,827	0	0
S&P Global, Inc.	COM	78409v104	40,537,802	101,120	SH		SOLE		98,553	0	2,566
STAG Industrial, Inc.	COM	85254J102	628,311	17,511	SH		SOLE		8,404	0	9,107
STERIS plc	COM	G8473T100	39,667,185	176,314	SH		SOLE		172,290	0	4,025
Salesforce.com Inc	COM	79466L302	1,204,182	5,700	SH		SOLE		5,692	0	8
Sanofi-Aventis ADR	COM	80105N105	12,774	237	SH		SOLE		237	0	0
Sanofi-Aventis ADR	COM	80105N105	327,443	6,075	SH		OTR		0	0	6,075
Shell plc	COM	780259305	498,069	8,249	SH		SOLE		8,249	0	0
Shell plc	COM	780259305	524,702	8,690	SH		OTR		0	0	8,690
Sherwin-Williams Co	COM	824348106	38,551,130	145,191	SH		SOLE		140,503	0	4,688
Sixth Street Specialty Lending	COM	83012A109	1,698,503	90,878	SH		SOLE		48,690	0	42,187
Skyworks Solutions	COM	83088M102	203,559	1,839	SH		SOLE		1,834	0	5
Snap-On	COM	833034101	54,645,448	189,616	SH		SOLE		183,665	0	5,951
Sony Group Corporation Sponsor	COM	835699307	20,979	233	SH		SOLE		233	0	0
Sony Group Corporation Sponsor	COM	835699307	315,320	3,502	SH		OTR		0	0	3,502
Southern Co	COM	842587107	2,858,634	40,692	SH		SOLE		40,649	0	43
Starbucks Corporation	COM	855244109	5,761,123	58,158	SH		SOLE		58,124	0	34
Stellantis N.V. Shs	COM	N82405106	56,005	3,193	SH		SOLE		3,193	0	0
Stellantis N.V. Shs	COM	N82405106	329,471	18,784	SH		OTR		0	0	18,784
Stryker Corp	COM	863667101	34,773,023	113,976	SH		SOLE		110,170	0	3,807
Sysco Corporation	COM	871829107	236,995	3,194	SH		SOLE		2,394	0	800
T. Rowe Price Group Inc	COM	74144T108	6,813,264	60,822	SH		SOLE		56,946	0	3,876
TJX Companies Inc	COM	872540109	197,561	2,330	SH		SOLE		700	0	1,630
TJX Companies Inc	COM	872540109	16,873	199	SH		OTR		199	0	0
Taiwan Semiconductor Mfg Co AD	COM	874039100	64,589	640	SH		SOLE		640	0	0
Taiwan Semiconductor Mfg Co AD	COM	874039100	281,264	2,787	SH		OTR		0	0	2,787
Target Corporation	COM	87612E106	798,289	6,052	SH		SOLE		6,035	0	17
Tesla Motors Inc	COM	88160R101	581,653	2,222	SH		SOLE		2,222	0	0
Tesla Motors Inc	COM	88160R101	106,279	406	SH		OTR		0	0	406
Texas Instruments Incorporated	COM	882508104	9,580,309	53,218	SH		SOLE		50,394	0	2,824
Thermo Fisher Scientific Inc	COM	883556102	215,483	413	SH		SOLE		407	0	6
Thomson Reuters	COM	884903709	374,050	2,767	SH		SOLE		2,767	0	0
Tractor Supply Company	COM	892356106	49,666,457	224,633	SH		SOLE		216,531	0	8,103
Travelers Cos Inc	COM	89417E109	219,046	1,261	SH		SOLE		1,261	0	0
U. S. Bancorp	COM	902973304	1,474,182	44,618	SH		SOLE		34,184	0	10,434
U. S. Bancorp	COM	902973304	9,912	300	SH		OTR		300	0	0
Uber Technologies Inc	COM	90353T100	780,514	18,080	SH		SOLE		18,080	0	0
Unilever PLC ADR Spon	COM	904767704	471,829	9,051	SH		SOLE		9,051	0	0
Unilever PLC ADR Spon	COM	904767704	284,004	5,448	SH		OTR		0	0	5,448
Union Pacific Corp	COM	907818108	47,017,300	229,779	SH		SOLE		225,179	0	4,600
United Parcel Service Inc Cl B	COM	911312106	31,789,132	177,345	SH		SOLE		172,952	0	4,393
Verisk Analytics Inc	COM	92345Y106	465,170	2,058	SH		SOLE		2,056	0	2
Verizon Communications	COM	92343V104	31,081,571	835,751	SH		SOLE		800,293	0	35,457
Visa Inc Cl A	COM	92826C839	3,442,420	14,496	SH		SOLE		14,463	0	33
WEC Energy Group Inc	COM	92939U106	39,798,243	451,023	SH		SOLE		435,807	0	15,216
Wal-Mart Stores	COM	931142103	2,579,939	16,414	SH		SOLE		14,887	0	1,527
Walgreen Boots Alliance Inc	COM	931427108	851,962	29,904	SH		SOLE		29,904	0	0
Walt Disney Co	COM	254687106	811,287	9,087	SH		SOLE		8,387	0	700
Watsco, Inc.	COM	942622200	66,516,580	174,369	SH		SOLE		167,263	0	7,106
Welltower Inc	COM	95040Q104	318,787	3,941	SH		SOLE		3,910	0	31
Williams Cos Inc	COM	969457100	616,637	18,898	SH		SOLE		11,010	0	7,888
Xcel Energy Inc	COM	98389B100	776,255	12,486	SH		SOLE		12,481	0	5
Zebra Technologies Corp. Cl A	COM	989207105	381,325	1,289	SH		SOLE		687	0	602
Alerian MLP ETF	ETF	00162Q452	1,145,716	29,220	SH		SOLE		29,220	0	0
Consumer Staples Select Sector	ETF	81369y308	231,559	3,122	SH		SOLE		3,122	0	0
Health Care Select Sector SPDR	ETF	81369Y209	297,182	2,239	SH		SOLE		2,239	0	0
IShares Core S&P Mid-Cap ETF	ETF	464287507	590,258	2,257	SH		SOLE		2,060	0	197
IShares MSCI EAFE Index Fd	ETF	464287465	313,128	4,319	SH		SOLE		4,319	0	0
IShares NASDAQ Biotech Index F	ETF	464287556	669,069	5,270	SH		SOLE		5,270	0	0
IShares Russell 2000 Indx Fd	ETF	464287655	228,282	1,219	SH		SOLE		1,166	0	53
IShares S&P Mid Cap 400/Barra	ETF	464287606	883,208	11,776	SH		SOLE		11,776	0	0
IShares Tr MSCI Emerging Mkts	ETF	464287234	278,819	7,048	SH		SOLE		7,048	0	0
Invesco QQQ Trust Series 1	ETF	46090E103	1,614,311	4,370	SH		SOLE		4,370	0	0
S & P Depository Receipts SPDR	ETF	78462f103	1,136,480	2,564	SH		SOLE		2,564	0	0
SPDR Gold Trust	ETF	78463V107	485,786	2,725	SH		SOLE		2,725	0	0
VanEck Vectors Semiconductor E	ETF	92189F676	454,466	2,985	SH		SOLE		2,985	0	0
Vanguard Dividend Appreciation	ETF	921908844	265,573	1,635	SH		SOLE		1,635	0	0
Vanguard Materials ETF	ETF	92204A801	203,260	1,117	SH		SOLE		1,117	0	0
Vanguard Mid-Cap ETF	ETF	922908629	231,608	1,052	SH		SOLE		1,052	0	0
Vanguard Mid-Cap Growth Index	ETF	922908538	398,988	1,939	SH		SOLE		1,939	0	0
Vanguard S&P 500 ETF	ETF	922908363	363,864	893	SH		SOLE		893	0	0
ISHARES TR CORE 1 5 YR USD	ETF	46432F859	360,789	7,736	SH		SOLE		3,083	0	4,653
IShares Barclarys Int Cr Bond	ETF	464288638	1,653,355	32,694	SH		SOLE		13,024	0	19,671
IShares Barclays Aggregate Bon	ETF	464287226	827,415	8,447	SH		SOLE		5,081	0	3,366
IShares Barclays Tips Bond Ind	ETF	464287176	241,607	2,245	SH		SOLE		2,245	0	0
Invesco Financial Pfd Portfoli	ETF	46137V621	310,190	21,616	SH		SOLE		21,616	0	0
Invesco Fundamental HY Corp Bo	ETF	46138e719	600,034	34,327	SH		SOLE		14,880	0	19,447
Invesco Fundamental IG Corp Bo	ETF	46138E693	1,133,883	49,128	SH		SOLE		19,544	0	29,584
Invesco Variable Rate Pref Por	ETF	46138G870	512,524	23,035	SH		SOLE		14,190	0	8,845
Princpal Spectrum Preferred Se	ETF	74255Y888	1,774,008	104,661	SH		SOLE		46,370	0	58,291
VanEck Preferred Securities ex	ETF	92189F951	238,545	13,500	SH		SOLE		13,500	0	0
Vanguard Interm. Term Corp. Bo	ETF	92206c870	1,932,443	24,452	SH		SOLE		11,892	0	12,560
Vanguard Intermediate Term Bon	ETF	921937819	274,890	3,654	SH		SOLE		3,654	0	0
Vanguard Long-Term Corp Bond E	ETF	92206C813	812,308	10,349	SH		SOLE		5,864	0	4,485
Vanguard Mortgage-Business Sec	ETF	92206c771	242,321	5,269	SH		SOLE		5,269	0	0
Vanguard Short-Term Bond ETF	ETF	921937827	256,031	3,388	SH		SOLE		3,388	0	0
Vanguard Short-Term Corporate	ETF	92206c409	222,438	2,940	SH		SOLE		2,940	0	0
iShares U.S. Treasury Bond ETF	ETF	46429B267	269,808	11,782	SH		SOLE		11,782	0	0