CUTLER INVESTMENT COUNSEL LLC Information

525 BIGHAM KNOLL, JACKSONVILLE, Oregon, 97530, (541) 770-9000

Report Date: 06/30/2014

Position Statistics

Total Positions 60
New Positions 1
Increased Positions 45
Decreased Positions 6
Positions with Activity 51
Sold Out Positions 1
Total Mkt Value (in $ millions) 297

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 3.37%
Capital Goods 5.73%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 5.35%
Energy 6.72%
Financial 42.39%
Healthcare 8.14%
Services 14.45%
Technology 11.4%
Transportation 0.12%
Utilities 2.33%

60 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RYDEX ETF TRUST GUG S&P500 PU GR 19,531 97 .50 249,473
WISDOMTREE TR INTL LRGCAP DV 17,290 313 1.85 324,080
ISHARES 1-3 YR CR BD ETF 12,495 51 .41 118,445
VANGUARD BD INDEX FD INC SHORT TRM BOND 12,412 56 .45 154,765
VANGUARD INDEX FDS MID CAP ETF 7,782 128 1.67 65,592
EXXON MOBIL CORP COM 7,561 -447 (5.58) 72,530
AMERICAN EXPRESS CO COM 7,289 60 .82 78,146
WISDOMTREE TR EMERG MKTS ETF 7,030 79 1.14 133,222
DISNEY WALT CO COM DISNEY 6,935 57 .83 80,606
CATERPILLAR INC DEL COM 6,740 46 .69 62,190
TEXAS INSTRS INC COM 6,716 60 .91 139,343
SCHWAB CHARLES CORP NEW COM 6,537 51 .78 237,265
CHEVRON CORP NEW COM 6,527 47 .73 48,751
BRISTOL MYERS SQUIBB CO COM 6,310 269 4.45 127,945
JOHNSON & JOHNSON COM 6,259 50 .81 61,251
HOME DEPOT INC COM 6,158 51 .84 76,005
NORDSTROM INC COM 6,122 47 .78 90,352
NATIONAL FUEL GAS CO N J COM 6,110 51 .85 85,544
DU PONT E I DE NEMOURS & CO COM 6,041 42 .70 92,407
MICROSOFT CORP COM 6,021 90 1.52 134,180