Horizon Investments 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
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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
ATT INC COM	COM	00206R102	317	11,099	SH		SOLE	NONE	10,634	0	465
ABBVIE INC COM	COM	00287Y109	204	2,218	SH		SOLE	NONE	2,218	0	0
ALPHABET INC CAP STK CL A	COM	02079K305	1,048	1,003	SH		SOLE	NONE	1,003	0	0
AUTOMATIC DATA PROCESSING IN C	COM	053015103	692	5,279	SH		SOLE	NONE	0	0	5,279
BAKER HUGHES A GE CO CL A	COM	05722G100	1,233	57,353	SH		SOLE	NONE	57,353	0	0
BANK N S HALIFAX COM	COM	064149107	851	17,072	SH		SOLE	NONE	0	0	17,072
BRIGHTHOUSE FINL INC COM	COM	10922N103	260	8,540	SH		SOLE	NONE	8,540	0	0
BROADCOM INC COM	COM	11135F101	1,244	4,892	SH		SOLE	NONE	4,892	0	0
CF INDS HLDGS INC COM	COM	125269100	1,308	30,073	SH		SOLE	NONE	30,073	0	0
CHEVRON CORP NEW COM	COM	166764100	1,089	10,012	SH		SOLE	NONE	2,798	0	7,214
CISCO SYS INC COM	COM	17275R102	1,183	27,313	SH		SOLE	NONE	6,631	0	20,682
CITIGROUP INC COM NEW	COM	172967424	1,861	35,744	SH		SOLE	NONE	35,744	0	0
COCA COLA CO COM	COM	191216100	752	15,888	SH		SOLE	NONE	6,233	0	9,655
COMCAST CORP NEW CL A	COM	20030N101	227	6,668	SH		SOLE	NONE	6,668	0	0
COTY INC COM CL A	COM	222070203	191	29,154	SH		SOLE	NONE	29,154	0	0
DBX ETF TR XTRACK MSCI EAFE	COM	233051200	3,058	109,615	SH		SOLE	NONE	0	0	109,615
DBX ETF TR XTRACKERS RUSE	COM	233051242	2,877	122,851	SH		SOLE	NONE	122,851	0	0
DBX ETF TR XTRACKERS SHRT	COM	233051283	9,683	205,796	SH		SOLE	NONE	145,279	0	60,517
DBX ETF TR XTRACK USD HIGH	COM	233051432	7,359	157,278	SH		SOLE	NONE	130,656	0	26,622
DELTA AIR LINES INC DEL COM NE	COM	247361702	668	13,381	SH		SOLE	NONE	1,521	0	11,860
DISNEY WALT CO COM DISNEY	COM	254687106	272	2,478	SH		SOLE	NONE	2,159	0	319
DOWDUPONT INC COM	COM	26078J100	1,592	29,761	SH		SOLE	NONE	29,214	0	547
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	811	9,402	SH		SOLE	NONE	1,038	0	8,364
EXXON MOBIL CORP COM	COM	30231G102	445	6,532	SH		SOLE	NONE	6,181	0	351
FLIR SYS INC COM	COM	302445101	213	4,895	SH		SOLE	NONE	4,895	0	0
FACEBOOK INC CL A	COM	30303M102	558	4,258	SH		SOLE	NONE	4,207	0	51
FIRST TR LRG CP VL ALPHADEX CO	COM	33735J101	3,805	82,308	SH		SOLE	NONE	0	0	82,308
FIRST TR LRG CP GRWTH ALPHAD C	COM	33735K108	3,850	67,168	SH		SOLE	NONE	0	0	67,168
FIRST TR EXCHANGE TRADED FD FI	COM	33738D408	41,195	918,509	SH		SOLE	NONE	837,604	0	80,905
FIRST TR EXCH TRADED FD III HO	COM	33739P871	281	9,110	SH		SOLE	NONE	0	0	9,110
FIRST TR EXCH TRADED FD III HO	COM	33739P889	599	26,974	SH		SOLE	NONE	0	0	26,974
FLUOR CORP NEW COM	COM	343412102	227	7,065	SH		SOLE	NONE	6,449	0	616
FREEPORT-MCMORAN INC CL B	COM	35671D857	104	10,081	SH		SOLE	NONE	8,367	0	1,714
GENERAL ELECTRIC CO COM	COM	369604103	96	12,658	SH		SOLE	NONE	12,658	0	0
GLAXOSMITHKLINE PLC SPONSORED	COM	37733W105	663	17,356	SH		SOLE	NONE	0	0	17,356
HSBC HLDGS PLC SPON ADR NEW	COM	404280406	1,449	35,237	SH		SOLE	NONE	35,237	0	0
HANESBRANDS INC COM	COM	410345102	199	15,920	SH		SOLE	NONE	15,920	0	0
HOME DEPOT INC COM	COM	437076102	2,855	16,614	SH		SOLE	NONE	10,902	0	5,712
HONEYWELL INTL INC COM	COM	438516106	528	3,993	SH		SOLE	NONE	1,079	0	2,914
IPG PHOTONICS CORP COM	COM	44980X109	209	1,848	SH		SOLE	NONE	1,848	0	0
IMPERIAL OIL LTD COM NEW	COM	453038408	1,873	73,982	SH		SOLE	NONE	73,982	0	0
INTEL CORP COM	COM	458140100	1,717	36,581	SH		SOLE	NONE	36,425	0	156
INTERNATIONAL BUSINESS MACHS C	COM	459200101	915	8,051	SH		SOLE	NONE	1,324	0	6,727
INTERPUBLIC GROUP COS INC COM	COM	460690100	286	13,852	SH		SOLE	NONE	13,852	0	0
INVESCO EXCHANGE TRADED FD T S	COM	46137V357	27,740	303,506	SH		SOLE	NONE	237,790	0	65,716
INVESCO EXCHANGE TRADED FD T F	COM	46137V621	1,297	74,707	SH		SOLE	NONE	0	0	74,707
INVESCO EXCHANGE TRADED FD T D	COM	46137V746	1,982	47,789	SH		SOLE	NONE	0	0	47,789
INVESCO EXCHNG TRADED FD TR SP	COM	46138G102	1,884	44,179	SH		SOLE	NONE	0	0	44,179
ISHARES INC EM MKTS DIV ETF	COM	464286319	43,983	1,175,065	SH		SOLE	NONE	1,012,614	0	162,451
ISHARES TR CORE SP500 ETF	COM	464287200	3,244	12,893	SH		SOLE	NONE	0	0	12,893
ISHARES TR CORE US AGGBD ET	COM	464287226	7,401	69,498	SH		SOLE	NONE	0	0	69,498
ISHARES TR IBOXX INV CP ETF	COM	464287242	2,945	26,105	SH		SOLE	NONE	0	0	26,105
ISHARES TR 1 3 YR TREAS BD	COM	464287457	255,359	3,053,801	SH		SOLE	NONE	2,433,431	0	620,370
ISHARES TR RUS MID CAP ETF	COM	464287499	1,919	41,282	SH		SOLE	NONE	0	0	41,282
ISHARES TR CORE SP MCP ETF	COM	464287507	1,441	8,675	SH		SOLE	NONE	0	0	8,675
ISHARES TR RUS 1000 GRW ETF	COM	464287614	2,627	20,071	SH		SOLE	NONE	0	0	20,071
ISHARES TR RUSSELL 2000 ETF	COM	464287655	470	3,513	SH		SOLE	NONE	0	0	3,513
ISHARES TR EAFE SML CP ETF	COM	464288273	1,379	26,607	SH		SOLE	NONE	0	0	26,607
ISHARES TR NATIONAL MUN ETF	COM	464288414	1,017	9,327	SH		SOLE	NONE	0	0	9,327
ISHARES TR IBOXX HI YD ETF	COM	464288513	1,263	15,570	SH		SOLE	NONE	0	0	15,570
ISHARES TR SH TR CRPORT ETF	COM	464288646	905	17,528	SH		SOLE	NONE	0	0	17,528
ISHARES TR SHORT TREAS BD	COM	464288679	293,967	2,665,159	SH		SOLE	NONE	2,250,734	0	414,425
ISHARES TR SP US PFD STK	COM	464288687	867	25,330	SH		SOLE	NONE	0	0	25,330
ISHARES TR USA QUALITY FCTR	COM	46432F339	64,963	846,319	SH		SOLE	NONE	667,100	0	179,219
ISHARES INC MSCI JPN ETF NEW	COM	46434G822	42,302	834,524	SH		SOLE	NONE	719,498	0	115,026
ISHARES TR CORE DIV GRWTH	COM	46434V621	1,911	57,596	SH		SOLE	NONE	0	0	57,596
JPMORGAN CHASE CO COM	COM	46625H100	473	4,845	SH		SOLE	NONE	4,845	0	0
JEFFERIES FINL GROUP INC COM	COM	47233W109	175	10,077	SH		SOLE	NONE	10,077	0	0
JOHNSON JOHNSON COM	COM	478160104	1,304	10,108	SH		SOLE	NONE	3,914	0	6,194
KIMCO RLTY CORP COM	COM	49446R109	147	10,031	SH		SOLE	NONE	10,031	0	0
LAM RESEARCH CORP COM	COM	512807108	1,702	12,502	SH		SOLE	NONE	12,502	0	0
LOCKHEED MARTIN CORP COM	COM	539830109	2,854	10,898	SH		SOLE	NONE	7,598	0	3,300
LOWES COS INC COM	COM	548661107	1,419	15,369	SH		SOLE	NONE	15,369	0	0
MASTERCARD INCORPORATED CL A	COM	57636Q104	303	1,608	SH		SOLE	NONE	1,499	0	109
MATTEL INC COM	COM	577081102	256	25,663	SH		SOLE	NONE	25,663	0	0
MCDONALDS CORP COM	COM	580135101	217	1,224	SH		SOLE	NONE	1,117	0	107
MERCK CO INC COM	COM	58933Y105	335	4,383	SH		SOLE	NONE	3,879	0	504
METLIFE INC COM	COM	59156R108	1,751	42,641	SH		SOLE	NONE	42,043	0	598
MICROSOFT CORP COM	COM	594918104	1,187	11,686	SH		SOLE	NONE	11,268	0	418
NEKTAR THERAPEUTICS COM	COM	640268108	200	6,079	SH		SOLE	NONE	6,079	0	0
NEWS CORP NEW CL B	COM	65249B208	342	29,579	SH		SOLE	NONE	29,579	0	0
NUTRIEN LTD COM	COM	67077M108	1,957	41,637	SH		SOLE	NONE	41,637	0	0
OCCIDENTAL PETE CORP DEL COM	COM	674599105	937	15,261	SH		SOLE	NONE	1,446	0	13,815
ONEOK INC NEW COM	COM	682680103	1,244	23,056	SH		SOLE	NONE	23,056	0	0
ORACLE CORP COM	COM	68389X105	255	5,640	SH		SOLE	NONE	5,556	0	84
PNC FINL SVCS GROUP INC COM	COM	693475105	1,742	14,904	SH		SOLE	NONE	14,705	0	199
PACWEST BANCORP DEL COM	COM	695263103	538	16,177	SH		SOLE	NONE	0	0	16,177
PEOPLES UNITED FINANCIAL INC C	COM	712704105	177	12,269	SH		SOLE	NONE	12,269	0	0
PEPSICO INC COM	COM	713448108	1,285	11,630	SH		SOLE	NONE	2,068	0	9,562
PFIZER INC COM	COM	717081103	400	9,161	SH		SOLE	NONE	8,561	0	600
PROCTER AND GAMBLE CO COM	COM	742718109	370	4,020	SH		SOLE	NONE	3,637	0	383
REGIONS FINL CORP NEW COM	COM	7591EP100	1,283	95,899	SH		SOLE	NONE	95,899	0	0
ROYAL DUTCH SHELL PLC SPON ADR	COM	780259107	1,869	31,183	SH		SOLE	NONE	31,183	0	0
SPDR SP 500 ETF TR TR UNIT	COM	78462F103	5,335	21,347	SH		SOLE	NONE	0	0	21,347
SPDR INDEX SHS FDS PORTFOLIO E	COM	78463X509	128,551	3,972,517	SH		SOLE	NONE	3,409,123	0	563,394
SPDR INDEX SHS FDS PORTFOLIO D	COM	78463X889	46,436	1,755,603	SH		SOLE	NONE	1,387,430	0	368,173
SPDR SERIES TRUST PORTFOLIO IN	COM	78464A375	31,049	939,736	SH		SOLE	NONE	862,062	0	77,674
SPDR SERIES TRUST PRTFLO SP500	COM	78464A409	163,451	5,029,254	SH		SOLE	NONE	4,297,199	0	732,055
SPDR SERIES TRUST PRTFLO SP500	COM	78464A508	202,272	7,447,412	SH		SOLE	NONE	6,355,888	0	1,091,524
SPDR SERIES TRUST PORTFOLIO AG	COM	78464A649	2,079	74,654	SH		SOLE	NONE	0	0	74,654
SSGA ACTIVE ETF TR BLKSTN GSOS	COM	78467V608	36,795	823,155	SH		SOLE	NONE	741,732	0	81,423
SSGA ACTIVE ETF TR SPDR TR TAC	COM	78467V848	80,607	1,701,640	SH		SOLE	NONE	1,456,783	0	244,857
SPDR SER TR BLOOMBERG SRT TR	COM	78468R408	8,165	313,686	SH		SOLE	NONE	313,686	0	0
SPDR SER TR PORTFOLIO SM ETF	COM	78468R853	79,684	3,022,901	SH		SOLE	NONE	2,582,367	0	440,534
SCHLUMBERGER LTD COM	COM	806857108	878	24,341	SH		SOLE	NONE	2,022	0	22,319
SKYWORKS SOLUTIONS INC COM	COM	83088M102	1,535	22,899	SH		SOLE	NONE	22,899	0	0
SMUCKER J M CO COM NEW	COM	832696405	722	7,722	SH		SOLE	NONE	924	0	6,798
STARBUCKS CORP COM	COM	855244109	904	14,032	SH		SOLE	NONE	1,911	0	12,121
STERICYCLE INC COM	COM	858912108	274	7,476	SH		SOLE	NONE	7,476	0	0
SUNCOR ENERGY INC NEW COM	COM	867224107	1,032	36,893	SH		SOLE	NONE	36,828	0	65
SUNTRUST BKS INC COM	COM	867914103	1,386	27,482	SH		SOLE	NONE	27,482	0	0
TAPESTRY INC COM	COM	876030107	1,268	37,584	SH		SOLE	NONE	37,584	0	0
3M CO COM	COM	88579Y101	576	3,023	SH		SOLE	NONE	848	0	2,175
TIFFANY CO NEW COM	COM	886547108	2,012	24,991	SH		SOLE	NONE	24,991	0	0
TOTAL S A SPONSORED ADR	COM	89151E109	949	18,188	SH		SOLE	NONE	0	0	18,188
TOYOTA MOTOR CORP SP ADR REP2C	COM	892331307	1,889	16,273	SH		SOLE	NONE	16,273	0	0
TRIPADVISOR INC COM	COM	896945201	307	5,690	SH		SOLE	NONE	5,690	0	0
UNITEDHEALTH GROUP INC COM	COM	91324P102	422	1,695	SH		SOLE	NONE	1,397	0	298
VANGUARD BD INDEX FD INC TOTAL	COM	921937835	7,028	88,725	SH		SOLE	NONE	0	0	88,725
VANGUARD CHARLOTTE FDS INTL BD	COM	92203J407	46,112	849,997	SH		SOLE	NONE	781,311	0	68,686
VANGUARD INTL EQUITY INDEX F A	COM	922042775	1,266	27,782	SH		SOLE	NONE	0	0	27,782
VANGUARD INTL EQUITY INDEX F F	COM	922042858	3,773	99,028	SH		SOLE	NONE	0	0	99,028
VANGUARD INDEX FDS MID CAP ETF	COM	922908629	3,915	28,335	SH		SOLE	NONE	0	0	28,335
VANGUARD INDEX FDS VALUE ETF	COM	922908744	5,295	54,062	SH		SOLE	NONE	0	0	54,062
VANGUARD INDEX FDS SMALL CP ET	COM	922908751	4,022	30,470	SH		SOLE	NONE	0	0	30,470
VERIZON COMMUNICATIONS INC COM	COM	92343V104	357	6,342	SH		SOLE	NONE	6,040	0	302
VISA INC COM CL A	COM	92826C839	416	3,153	SH		SOLE	NONE	2,946	0	207
WALMART INC COM	COM	931142103	1,308	14,045	SH		SOLE	NONE	4,288	0	9,757
WELLS FARGO CO NEW COM	COM	949746101	825	17,902	SH		SOLE	NONE	6,865	0	11,037
WESTERN DIGITAL CORP COM	COM	958102105	1,434	38,795	SH		SOLE	NONE	38,341	0	454
XCEL ENERGY INC COM	COM	98389B100	686	13,923	SH		SOLE	NONE	1,483	0	12,440
XEROX CORP COM NEW	COM	984121608	265	13,387	SH		SOLE	NONE	13,387	0	0
ZIONS BANCORPORATION N A COM	COM	989701107	1,416	34,768	SH		SOLE	NONE	34,768	0	0
ALLERGAN PLC SHS	COM	G0177J108	2,086	15,608	SH		SOLE	NONE	11,392	0	4,216
INTERNATIONAL GAME TECHNOLOG S	COM	G4863A108	1,230	84,091	SH		SOLE	NONE	84,091	0	0
WEATHERFORD INTL PLC ORD SHS	COM	G48833100	16	28,012	SH		SOLE	NONE	0	0	28,012
PERRIGO CO PLC SHS	COM	G97822103	208	5,366	SH		SOLE	NONE	5,366	0	0
AFLAC INC COM	COM	001055102	2,513	55,158	SH		DFND	1	0	0	55,158
ABBOTT LABS COM	COM	002824100	2,386	33,143	SH		DFND	1	0	0	33,143
AIR PRODS CHEMS INC COM	COM	009158106	2,294	14,335	SH		DFND	1	0	0	14,335
ALLIANT ENERGY CORP COM	COM	018802108	1,232	29,392	SH		DFND	1	0	0	29,392
AMEREN CORP COM	COM	023608102	1,747	26,785	SH		DFND	1	0	0	26,785
AMERICAN ELEC PWR INC COM	COM	025537101	1,391	18,775	SH		DFND	1	0	0	18,775
AMERICAN WTR WKS CO INC NEW CO	COM	030420103	1,609	17,816	SH		DFND	1	0	0	17,816
AMPHENOL CORP NEW CL A	COM	032095101	2,140	26,415	SH		DFND	1	0	0	26,415
APARTMENT INVT MGMT CO CL A	COM	03748R101	2,509	57,179	SH		DFND	1	0	0	57,179
ARCHER DANIELS MIDLAND CO COM	COM	039483102	2,374	57,944	SH		DFND	1	0	0	57,944
AVALONBAY CMNTYS INC COM	COM	053484101	2,859	16,429	SH		DFND	1	0	0	16,429
BECTON DICKINSON CO COM	COM	075887109	1,480	6,568	SH		DFND	1	0	0	6,568
CME GROUP INC COM CL A	COM	12572Q105	2,412	12,823	SH		DFND	1	0	0	12,823
CMS ENERGY CORP COM	COM	125896100	1,242	25,017	SH		DFND	1	0	0	25,017
CITRIX SYS INC COM	COM	177376100	2,392	23,350	SH		DFND	1	0	0	23,350
COCA COLA CO COM	COM	191216100	3,144	66,393	SH		DFND	1	0	0	66,393
CONSOLIDATED EDISON INC COM	COM	209115104	1,271	16,619	SH		DFND	1	0	0	16,619
DBX ETF TR XTRACK MSCI EAFE	COM	233051200	2,203	78,977	SH		DFND	1	0	0	78,977
DTE ENERGY CO COM	COM	233331107	1,328	12,042	SH		DFND	1	0	0	12,042
DANAHER CORP DEL COM	COM	235851102	1,872	18,157	SH		DFND	1	0	0	18,157
DISNEY WALT CO COM DISNEY	COM	254687106	1,894	17,270	SH		DFND	1	0	0	17,270
DOMINION ENERGY INC COM	COM	25746U109	1,292	18,081	SH		DFND	1	0	0	18,081
DOVER CORP COM	COM	260003108	1,884	26,550	SH		DFND	1	0	0	26,550
DUKE ENERGY CORP NEW COM NEW	COM	26441C204	1,622	18,791	SH		DFND	1	0	0	18,791
ECOLAB INC COM	COM	278865100	2,512	17,046	SH		DFND	1	0	0	17,046
ENTERGY CORP NEW COM	COM	29364G103	1,294	15,037	SH		DFND	1	0	0	15,037
EQUITY RESIDENTIAL SH BEN INT	COM	29476L107	2,357	35,701	SH		DFND	1	0	0	35,701
EVERGY INC COM	COM	30034W106	1,281	22,571	SH		DFND	1	0	0	22,571
EVERSOURCE ENERGY COM	COM	30040W108	1,748	26,879	SH		DFND	1	0	0	26,879
EXELON CORP COM	COM	30161N101	1,419	31,457	SH		DFND	1	0	0	31,457
EXXON MOBIL CORP COM	COM	30231G102	2,158	31,646	SH		DFND	1	0	0	31,646
FIRST TR EXCHANGE TRADED FD NY	COM	33733E203	321	2,581	SH		DFND	1	0	0	2,581
FIRST TR EXCHANGE TRADED FD DJ	COM	33733E302	335	2,868	SH		DFND	1	0	0	2,868
FIRST TR NASDAQ100 TECH INDE S	COM	337345102	344	5,058	SH		DFND	1	0	0	5,058
FIRST TR EXCHANGE TRADED FD HL	COM	33734X143	306	4,441	SH		DFND	1	0	0	4,441
FIRST TR EXCHANGE TRADED FD TE	COM	33734X176	343	6,531	SH		DFND	1	0	0	6,531
FISERV INC COM	COM	337738108	2,393	32,567	SH		DFND	1	0	0	32,567
GALLAGHER ARTHUR J CO COM	COM	363576109	2,851	38,687	SH		DFND	1	0	0	38,687
GENUINE PARTS CO COM	COM	372460105	2,403	25,027	SH		DFND	1	0	0	25,027
HENRY JACK ASSOC INC COM	COM	426281101	2,265	17,902	SH		DFND	1	0	0	17,902
HOME DEPOT INC COM	COM	437076102	2,085	12,135	SH		DFND	1	0	0	12,135
HONEYWELL INTL INC COM	COM	438516106	2,062	15,609	SH		DFND	1	0	0	15,609
ISHARES TR CORE US AGGBD ET	COM	464287226	1,781	16,720	SH		DFND	1	0	0	16,720
ISHARES TR IBOXX INV CP ETF	COM	464287242	875	7,752	SH		DFND	1	0	0	7,752
ISHARES TR 1 3 YR TREAS BD	COM	464287457	16,115	192,721	SH		DFND	1	0	0	192,721
ISHARES TR RUS 1000 GRW ETF	COM	464287614	1,968	15,037	SH		DFND	1	0	0	15,037
ISHARES TR EAFE SML CP ETF	COM	464288273	1,166	22,505	SH		DFND	1	0	0	22,505
ISHARES TR SHORT TREAS BD	COM	464288679	9,698	87,920	SH		DFND	1	0	0	87,920
ISHARES TR USA QUALITY FCTR	COM	46432F339	1,251	16,295	SH		DFND	1	0	0	16,295
JOHNSON JOHNSON COM	COM	478160104	2,275	17,630	SH		DFND	1	0	0	17,630
MARSH MCLENNAN COS INC COM	COM	571748102	2,448	30,699	SH		DFND	1	0	0	30,699
MCDONALDS CORP COM	COM	580135101	2,536	14,280	SH		DFND	1	0	0	14,280
MERCK CO INC COM	COM	58933Y105	2,651	34,690	SH		DFND	1	0	0	34,690
MONDELEZ INTL INC CL A	COM	609207105	2,443	61,023	SH		DFND	1	0	0	61,023
MOTOROLA SOLUTIONS INC COM NEW	COM	620076307	2,016	17,523	SH		DFND	1	0	0	17,523
NEXTERA ENERGY INC COM	COM	65339F101	1,004	5,776	SH		DFND	1	0	0	5,776
OLD LINE BANCSHARES INC COM	COM	67984M100	239	9,082	SH		DFND	1	0	0	9,082
ONEOK INC NEW COM	COM	682680103	1,466	27,165	SH		DFND	1	0	0	27,165
PAYCHEX INC COM	COM	704326107	1,833	28,134	SH		DFND	1	0	0	28,134
PEOPLES UNITED FINANCIAL INC C	COM	712704105	2,137	148,070	SH		DFND	1	0	0	148,070
PEPSICO INC COM	COM	713448108	2,585	23,395	SH		DFND	1	0	0	23,395
PFIZER INC COM	COM	717081103	2,519	57,719	SH		DFND	1	0	0	57,719
PINNACLE WEST CAP CORP COM	COM	723484101	1,682	19,741	SH		DFND	1	0	0	19,741
PROCTER AND GAMBLE CO COM	COM	742718109	692	7,525	SH		DFND	1	0	0	7,525
PUBLIC SVC ENTERPRISE GROUP CO	COM	744573106	1,262	24,245	SH		DFND	1	0	0	24,245
QUEST DIAGNOSTICS INC COM	COM	74834L100	1,898	22,798	SH		DFND	1	0	0	22,798
REALTY INCOME CORP COM	COM	756109104	2,636	41,812	SH		DFND	1	0	0	41,812
REPUBLIC SVCS INC COM	COM	760759100	2,819	39,108	SH		DFND	1	0	0	39,108
ROLLINS INC COM	COM	775711104	2,027	56,138	SH		DFND	1	0	0	56,138
SL GREEN RLTY CORP COM	COM	78440X101	2,282	28,855	SH		DFND	1	0	0	28,855
SPDR SP 500 ETF TR TR UNIT	COM	78462F103	3,810	15,243	SH		DFND	1	0	0	15,243
SSGA ACTIVE ETF TR SPDR TR TAC	COM	78467V848	1,613	34,049	SH		DFND	1	0	0	34,049
STRYKER CORP COM	COM	863667101	2,203	14,054	SH		DFND	1	0	0	14,054
TJX COS INC NEW COM	COM	872540109	2,167	48,437	SH		DFND	1	0	0	48,437
TORCHMARK CORP COM	COM	891027104	2,172	29,148	SH		DFND	1	0	0	29,148
TRAVELERS COMPANIES INC COM	COM	89417E109	2,281	19,044	SH		DFND	1	0	0	19,044
UDR INC COM	COM	902653104	2,062	52,039	SH		DFND	1	0	0	52,039
US BANCORP DEL COM NEW	COM	902973304	2,336	51,121	SH		DFND	1	0	0	51,121
UNITED TECHNOLOGIES CORP COM	COM	913017109	1,305	12,252	SH		DFND	1	0	0	12,252
VANGUARD BD INDEX FD INC TOTAL	COM	921937835	1,938	24,465	SH		DFND	1	0	0	24,465
VANGUARD INTL EQUITY INDEX F A	COM	922042775	917	20,117	SH		DFND	1	0	0	20,117
VANGUARD INTL EQUITY INDEX F F	COM	922042858	2,966	77,846	SH		DFND	1	0	0	77,846
VANGUARD INDEX FDS MID CAP ETF	COM	922908629	3,010	21,783	SH		DFND	1	0	0	21,783
VANGUARD INDEX FDS VALUE ETF	COM	922908744	4,285	43,743	SH		DFND	1	0	0	43,743
VANGUARD INDEX FDS SMALL CP ET	COM	922908751	3,237	24,527	SH		DFND	1	0	0	24,527
VERIZON COMMUNICATIONS INC COM	COM	92343V104	1,849	32,890	SH		DFND	1	0	0	32,890
VERISK ANALYTICS INC COM	COM	92345Y106	1,957	17,952	SH		DFND	1	0	0	17,952
WEC ENERGY GROUP INC COM	COM	92939U106	908	13,111	SH		DFND	1	0	0	13,111
WASTE MGMT INC DEL COM	COM	94106L109	2,584	29,034	SH		DFND	1	0	0	29,034
WESTERN UN CO COM	COM	959802109	2,261	132,560	SH		DFND	1	0	0	132,560
YUM BRANDS INC COM	COM	988498101	2,264	24,630	SH		DFND	1	0	0	24,630
AON PLC SHS CL A	COM	G0408V102	2,811	19,341	SH		DFND	1	0	0	19,341
ACCENTURE PLC IRELAND SHS CLAS	COM	G1151C101	1,872	13,279	SH		DFND	1	0	0	13,279
IHS MARKIT LTD SHS	COM	G47567105	2,076	43,279	SH		DFND	1	0	0	43,279
MEDTRONIC PLC SHS	COM	G5960L103	2,312	25,421	SH		DFND	1	0	0	25,421
CHUBB LIMITED COM	COM	H1467J104	2,288	17,712	SH		DFND	1	0	0	17,712
GARMIN LTD SHS	COM	H2906T109	2,098	33,131	SH		DFND	1	0	0	33,131