iAB Financial Bank

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CIK 1510201

13F portfolio (2017-Q2)

$204M

Positions

138

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2017-Q1. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2017-Q2)

Holdings

138

Top 5

28.3%

Top 10

40.1%

Effective N

37.9

HHI

0.026

This quarter

10 new · 0 exit →

By sector

Unclassified28.8%

Information Technology19.3%

Financials17.0%

Health Care7.1%

Industrials5.8%

Consumer Staples5.4%

Energy4.6%

Communication Services3.9%

Other8.0%

By market cap

Mega (>$200B)32.1%

Unknown29.3%

Large ($10–200B)27.7%

Mid ($2–10B)10.8%

Small ($300M–2B)0.1%

By region

North America70.7%

Other28.8%

Europe0.5%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	29.27%	49
Electrical Equipment & Components	10.65%	3
Banks	8.95%	4
Oil, Gas & Consumable Fuels	4.60%	6
Technology Hardware & Equipment	4.39%	3
Health Care Equipment & Supplies	3.59%	5
Pharmaceuticals & Biotechnology	3.48%	5
Insurance	3.45%	4
Commercial Services & Supplies	2.82%	2
Machinery	2.80%	3
Chemicals	2.47%	4
Road & Rail	2.30%	3
Beverages	2.08%	3
Diversified Telecommunication Services	2.04%	2
Food & Staples Retailing	2.03%	1
Software & IT Services	1.85%	5
Software	1.71%	2
Capital Markets	1.57%	4
Specialty Retail	1.39%	5
Semiconductors & Semiconductor Equipment	1.36%	3
Equity Real Estate Investment Trusts (REITs)	1.16%	4
Hotels, Restaurants & Leisure	1.14%	3
Utilities	0.97%	4
Tobacco	0.89%	2
Communications Equipment	0.63%	1
Entertainment	0.49%	1
Industrial Conglomerates	0.48%	1
Food Products	0.40%	2
Distributors	0.37%	1
Textiles, Apparel & Luxury Goods	0.36%	1
Paper & Forest Products	0.20%	1
Media & Entertainment	0.12%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	FELE	FRANKLIN ELECTRIC CO INC	Information Technology	9.83%
2	VGT	VANGUARD WORLD FD	Unclassified	5.86%
3	WFC	WELLS FARGO & COMPANY/MN	Financials	4.32%
4	JPM	JPMORGAN CHASE & CO	Financials	4.25%
5	AAPL	Apple Inc.	Information Technology	4.01%
6	V	VISA INC.	Financials	2.61%
7	VB	VANGUARD INDEX FDS	Unclassified	2.46%
8	SYK	STRYKER CORP	Health Care	2.39%
9	UNH	UNITEDHEALTH GROUP INC	Financials	2.21%
10		UNITED TECHNOLOGIES CORP	Unclassified	2.18%

90/138 names classified · sector 71.2% of weight · industry 70.7% · mkt cap 70.7%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 17 quarters

Information TechnologyFELE, AAPL, INTC, QCOM, EMR · other

FinancialsJPM, WFC, V, UNH, AFL · other

IndustrialsCMI, CNI, CAT, MMM, UPS · other

Health CareSYK, ABBV, ABT, NVS, JNJ · other

EnergyXOM, CVX, SLB, COP, VLO · other

Consumer StaplesCVS, PEP, KO, PM, MO · other

MaterialsPG, CL, BHP, MOS, NKE · other

Consumer DiscretionaryMCD, TGT, TJX, VFC, SBUX · other

Communication ServicesVZ, T, DIS, GOOGL, GOOG · other

UtilitiesD, NFG, NEE, SO

Real EstateVTR, PSA, AVB, AMT, WY

UnclassifiedVGT, VB, VO, UNITED TECHNOLOGIES CORP, VWO · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 71.2% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2017-Q2), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (86 classified)iAB Financial Bank centroid (Mid Core)

Information TechnologyFinancialsHealth CareConsumer StaplesEnergyIndustrialsCommunication ServicesConsumer DiscretionaryMaterialsReal EstateUtilities

Style box summary for iAB Financial Bank: centroid Mid Core. Heaviest cells: Large Value 22.7%, Large Growth 14.6%, Large Core 14.6%.

Classified: 68.7% of book weight (86/127 names) · unclassified 31.3%: VGT, , VB, VO, VEA, CNI, VNQ, VWO, BRK.A, VOO +31 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 138 positions (2017-Q2) · largest first · Δ vs 2017-Q1

#	Security	Shares	Value	Weight	Δ QoQ
1	FELEFRANKLIN ELEC INC	485,400	$20M	9.8%	HOLD
2	VGTVANGUARD WORLD FD	85,037	$12M	5.9%	TRIM −2%
3	WFCWELLS FARGO CO NEW	159,395	$9M	4.3%	TRIM −13%
4	JPMJPMORGAN CHASE & CO	94,918	$9M	4.2%	TRIM −2%
5	AAPLAPPLE INC	56,955	$8M	4.0%	HOLD
6	VVISA INC	56,963	$5M	2.6%	ADD 3%
7	VBVANGUARD INDEX FDS	37,100	$5M	2.5%	ADD 4%
8	SYKSTRYKER CORPORATION	35,204	$5M	2.4%	HOLD
9	UNHUNITEDHEALTH GROUP INC	24,300	$5M	2.2%	HOLD
10	UNITED TECHNOLOGIES CORP	36,430	$4M	2.2%	HOLD
11	CVSCVS HEALTH CORP	51,527	$4M	2.0%	ADD 5%
12	VOVANGUARD INDEX FDS	27,284	$4M	1.9%	HOLD
13	CMICUMMINS INC	22,649	$4M	1.8%	HOLD
14	PEPPEPSICO INC	29,930	$3M	1.7%	HOLD
15	VZVERIZON COMMUNICATIONS INC	75,934	$3M	1.7%	ADD 5%
16	VEAVANGUARD TAX-MANAGED FDS	79,250	$3M	1.6%	ADD 40%
17	CNICANADIAN NATL RY CO	39,237	$3M	1.6%	HOLD
18	ABBVABBVIE INC	43,010	$3M	1.5%	HOLD
19	PGPROCTER AND GAMBLE CO	31,808	$3M	1.4%	HOLD
20	VNQVANGUARD INDEX FDS	33,190	$3M	1.4%	ADD 8%
21	XOMEXXON MOBIL CORP	32,166	$3M	1.3%	ADD 3%
22	CVXCHEVRON CORP NEW	24,815	$3M	1.3%	ADD 11%
23	VWOVANGUARD INTL EQUITY INDEX F	62,365	$3M	1.2%	ADD 11%
24	MSFTMICROSOFT CORP	33,419	$2M	1.1%	ADD 6%
25	BLKBLACKROCK INC	5,152	$2M	1.1%	ADD 9%
26	INTCINTEL CORP	62,139	$2M	1.0%	HOLD
27	CATCATERPILLAR INC	16,595	$2M	0.9%	HOLD
28	JNJJOHNSON & JOHNSON	12,101	$2M	0.8%	ADD 3%
29	SLBSCHLUMBERGER LTD	23,735	$2M	0.8%	ADD 5%
30	VLOVALERO ENERGY CORP	22,769	$2M	0.8%	ADD 7%
31	BRK.ABERKSHIRE HATHAWAY INC DEL	6	$2M	0.7%	HOLD
32	AFLAFLAC INC	18,664	$1M	0.7%	ADD 2%
33	VOOVANGUARD INDEX FDS	6,395	$1M	0.7%	ADD 9%
34	VTRVENTAS INC	19,975	$1M	0.7%	HOLD
35	EFAVISHARES TR	19,832	$1M	0.7%	HOLD
36	CLCOLGATE PALMOLIVE CO	18,055	$1M	0.7%	HOLD
37	ABTABBOTT LABS	27,300	$1M	0.6%	HOLD
38	QCOMQUALCOMM INC	23,457	$1M	0.6%	TRIM −11%
39	GOOGLALPHABET INC	1,355	$1M	0.6%	ADD 7%
40	PMPHILIP MORRIS INTL INC	10,638	$1M	0.6%	HOLD
41	RWOSPDR INDEX SHS FDS	25,615	$1M	0.6%	TRIM −15%
42	ORCLORACLE CORP	23,631	$1M	0.6%	HOLD
43	VVVANGUARD INDEX FDS	10,450	$1M	0.6%	TRIM −5%
44	UPSUNITED PARCEL SERVICE INC	9,950	$1M	0.5%	ADD 12%
45	SBUXSTARBUCKS CORP	18,497	$1M	0.5%	ADD 45%
46	EMREMERSON ELEC CO	17,697	$1M	0.5%	TRIM −3%
47	SHIRE PLC	6,340	$1M	0.5%	ADD 9%
48	DISDISNEY WALT CO	9,479	$1M	0.5%	ADD 15%
49	MMM3M CO	4,690	$976,000	0.5%	TRIM −4%
50	PRAXAIR INC	7,285	$966,000	0.5%	HOLD
51	MCDMCDONALDS CORP	6,125	$938,000	0.5%	HOLD
52	BRK.BBERKSHIRE HATHAWAY INC DEL	5,372	$910,000	0.4%	ADD 31%
53	PSXPHILLIPS 66	10,966	$907,000	0.4%	ADD 5%
54	DDOMINION ENERGY INC	11,385	$872,000	0.4%	HOLD
55	SCHCSCHWAB STRATEGIC TR	25,450	$856,000	0.4%	ADD 49%
56	TJXTJX COS INC NEW	11,552	$834,000	0.4%	ADD 4%
57	EEMVISHARES INC	14,860	$823,000	0.4%	ADD 5%
58	GOOGALPHABET INC	898	$816,000	0.4%	ADD 6%
59	VXFVANGUARD INDEX FDS	7,975	$816,000	0.4%	ADD 11%
60	CTSHCOGNIZANT TECHNOLOGY SOLUTIO	12,100	$803,000	0.4%	ADD 47%
61	REETISHARES TR	31,490	$802,000	0.4%	ADD 33%
62	TAT&T INC	20,850	$787,000	0.4%	TRIM −5%
63	CELGENE CORP	5,970	$775,000	0.4%	ADD 130%
64	ZBHZIMMER BIOMET HOLDINGS INC	5,990	$769,000	0.4%	ADD 11%
65	CORCENCORA INC	7,950	$752,000	0.4%	ADD 24%
66	COSTCOSTCO WHSL CORP NEW	4,677	$748,000	0.4%	ADD 8%
67	VFCV F CORP	12,830	$739,000	0.4%	TRIM −22%
68	HDHOME DEPOT INC	4,670	$716,000	0.4%	ADD 10%
69	MDTMEDTRONIC PLC	7,950	$706,000	0.3%	ADD 8%
70	LNCLINCOLN NATL CORP IND	10,000	$676,000	0.3%	TRIM −17%
71	NVSNOVARTIS AG	8,072	$674,000	0.3%	TRIM −2%
72	BB&T CORP	14,740	$669,000	0.3%	HOLD
73	SJNKSPDR SERIES TRUST	23,711	$663,000	0.3%	HOLD
74	BIVVANGUARD BD INDEX FDS	7,730	$653,000	0.3%	ADD 22%
75	MYLAN NV	15,890	$617,000	0.3%	TRIM −10%
76	STERICYCLE INC	8,050	$614,000	0.3%	HOLD
77	GEGENERAL ELECTRIC CO	22,363	$604,000	0.3%	TRIM −10%
78	NKENIKE INC	10,145	$599,000	0.3%	ADD 104%
79	BAXBAXTER INTL INC	9,855	$597,000	0.3%	ADD 6%
80	NEENEXTERA ENERGY INC	4,160	$583,000	0.3%	HOLD
81	MOALTRIA GROUP INC	7,763	$578,000	0.3%	HOLD
82	DU PONT E I DE NEMOURS & CO	7,150	$577,000	0.3%	HOLD
83	IEFAISHARES TR	9,481	$577,000	0.3%	ADD 144%
84	CCITIGROUP INC	8,300	$555,000	0.3%	ADD 35%
85	VEUVANGUARD INTL EQUITY INDEX F	10,995	$550,000	0.3%	HOLD
86	KOCOCA COLA CO	12,144	$545,000	0.3%	TRIM −7%
87	CSCOCISCO SYS INC	17,378	$544,000	0.3%	HOLD
88	MONSANTO CO NEW	4,435	$525,000	0.3%	TRIM −11%
89	IJRISHARES TR	7,465	$523,000	0.3%	ADD 93%
90	IEMGISHARES INC	10,377	$519,000	0.3%	NEW
91	BLACKROCK MUNIHLDGS FD II IN	31,448	$497,000	0.2%	HOLD
92	HRLHORMEL FOODS CORP	13,550	$462,000	0.2%	NEW
93	METAMETA PLATFORMS INC	3,050	$460,000	0.2%	ADD 124%
94	BSVVANGUARD BD INDEX FDS	5,585	$446,000	0.2%	ADD 45%
95	AVGOBROADCOM LTD	1,910	$445,000	0.2%	ADD 13%
96	ADPAUTOMATIC DATA PROCESSING IN	4,225	$433,000	0.2%	HOLD
97	ALLERGAN PLC	1,775	$431,000	0.2%	ADD 77%
98	UNPUNION PAC CORP	3,900	$425,000	0.2%	ADD 24%
99	CINFCINCINNATI FINL CORP	5,779	$419,000	0.2%	HOLD
100	PSAPUBLIC STORAGE OPER CO	2,000	$417,000	0.2%	HOLD
101	ACNACCENTURE PLC IRELAND	3,375	$417,000	0.2%	HOLD
102	KMBKIMBERLY-CLARK CORP	3,115	$402,000	0.2%	HOLD
103	IGSBISHARES TR	3,750	$395,000	0.2%	HOLD
104	PFEPFIZER INC	11,490	$386,000	0.2%	TRIM −17%
105	UNILEVER N V	6,850	$379,000	0.2%	HOLD
106	BDXBECTON DICKINSON & CO	1,892	$369,000	0.2%	TRIM −4%
107	CMECME GROUP INC	2,950	$369,000	0.2%	ADD 9%
108	TROWPRICE T ROWE GROUP INC	4,935	$366,000	0.2%	ADD 16%
109	MDLZMONDELEZ INTL INC	8,440	$365,000	0.2%	HOLD
110	PFXFVANECK ETF TRUST	18,050	$364,000	0.2%	ADD 9%
111	CWBSPDR SER TR	7,155	$355,000	0.2%	ADD 21%
112	MOSMOSAIC CO NEW	15,160	$346,000	0.2%	ADD 37%
113	VNQIVANGUARD INTL EQUITY INDEX F	6,140	$345,000	0.2%	HOLD
114	VCITVANGUARD SCOTTSDALE FDS	3,925	$344,000	0.2%	HOLD
115	IJHISHARES TR	1,950	$339,000	0.2%	ADD 9%
116	WMTWALMART INC	4,425	$335,000	0.2%	TRIM −8%
117	SPTISPDR SERIES TRUST	5,375	$323,000	0.2%	TRIM −4%
118	DRIDARDEN RESTAURANTS INC	3,370	$305,000	0.1%	HOLD
119	GSGOLDMAN SACHS GROUP INC	1,307	$290,000	0.1%	NEW
120	AVBAVALONBAY CMNTYS INC	1,500	$288,000	0.1%	HOLD
121	NFGNATIONAL FUEL GAS CO	5,000	$279,000	0.1%	HOLD
122	AMTAMERICAN TOWER CORP	2,035	$269,000	0.1%	HOLD
123	VWOBVANGUARD WHITEHALL FDS	3,350	$268,000	0.1%	ADD 12%
124	SPSBSPDR SERIES TRUST	8,700	$267,000	0.1%	HOLD
125	PLOWDOUGLAS DYNAMICS INC	7,750	$255,000	0.1%	HOLD
126	DEODIAGEO PLC	2,113	$253,000	0.1%	ADD 6%
127	SOSOUTHERN CO	5,150	$247,000	0.1%	TRIM −25%
128	TXNTEXAS INSTRS INC	3,200	$246,000	0.1%	HOLD
129	CMCSACOMCAST CORP NEW	6,268	$244,000	0.1%	NEW
130	BACBANK AMERICA CORP	9,600	$233,000	0.1%	ADD 9%
131	DHRDANAHER CORP DEL	2,700	$228,000	0.1%	NEW
132	IJKISHARES TR	1,134	$223,000	0.1%	NEW
133	SCHPSCHWAB STRATEGIC TR	3,761	$207,000	0.1%	NEW
134	SPYSTATE STR SPDR S&P 500 ETF T	850	$206,000	0.1%	NEW
135	COPCONOCOPHILLIPS	4,600	$202,000	0.1%	TRIM −4%
136	TSCOTRACTOR SUPPLY CO	3,712	$201,000	0.1%	HOLD
137	SHYISHARES TR	1,950	$165,000	0.1%	NEW
138	IGIBISHARES TR	1,260	$138,000	0.1%	NEW

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