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
PPL Corp. COM 69351T106 11,678 370,841 SH   SOLE   324,664 0 46,177
Duke Energy Corp. COM 26441C204 10,752 112,157 SH   SOLE   99,786 0 12,371
Dominion Energy, Inc. COM 25746U109 9,532 117,618 SH   SOLE   99,280 0 18,338
Newell Brands Inc. COM 651229106 8,945 477,806 SH   SOLE   383,598 0 94,208
The AES Corp. COM 00130H105 8,653 529,543 SH   SOLE   480,240 0 49,303
Clorox Company COM 189054109 8,065 53,106 SH   SOLE   47,434 0 5,672
Alliant Energy Corp. COM 018802108 7,864 145,812 SH   SOLE   128,169 0 17,643
Consolidated Edison, Inc. COM 209115104 7,576 80,190 SH   SOLE   70,480 0 9,710
Luckin Coffee, Inc. SPONSORED ADS 54951L109 7,228 380,426 SH   SOLE   315,546 0 64,880
Coca Cola Company COM 191216100 7,130 130,976 SH   SOLE   113,237 0 17,739
Molson Coors Brewing Co CL B 60871R209 6,989 121,549 SH   SOLE   104,430 0 17,119
Annaly Capital Management, Inc. COM 035710409 6,848 778,213 SH   SOLE   646,800 0 131,413
OUTFRONT Media Inc. COM 69007J106 6,573 236,590 SH   SOLE   197,785 0 38,805
Park Hotels & Resorts Inc. COM 700517105 5,929 237,437 SH   SOLE   203,816 0 33,621
AT&T Inc. COM 00206R102 5,832 154,117 SH   SOLE   122,931 0 31,186
Quest Diagnostics Inc. COM 74834L100 5,793 54,128 SH   SOLE   42,420 0 11,708
Conagra Brands Inc. COM 205887102 5,721 186,464 SH   SOLE   166,278 0 20,186
Aqua America, Inc. COM 03836W103 5,641 125,832 SH   SOLE   111,178 0 14,654
Kroger Company COM 501044101 5,426 210,472 SH   SOLE   178,642 0 31,830
Crown Castle Intl Corp REIT 22822V101 5,162 37,132 SH   SOLE   31,121 0 6,011
Discovery Communication, Inc. COM 25470F104 4,881 183,298 SH   SOLE   142,034 0 41,264
Bristol-Myers Squibb Company COM 110122108 4,827 95,188 SH   SOLE   74,274 0 20,914
The GEO Group, Inc. COM 36162J106 4,818 277,864 SH   SOLE   227,327 0 50,537
Public Storage COM 74460D109 4,735 19,307 SH   SOLE   16,205 0 3,102
Celgene Corp. COM 151020104 4,729 47,629 SH   SOLE   38,421 0 9,208
Hershey Company COM 427866108 4,653 30,022 SH   SOLE   24,979 0 5,043
Viacom Inc. CL B 92553P201 4,594 191,216 SH   SOLE   143,734 0 47,482
Kraft Heinz Company COM 500754106 4,293 153,666 SH   SOLE   128,770 0 24,896
Host Hotels & Resorts, Inc. COM 44107P104 4,233 244,879 SH   SOLE   202,035 0 42,844
Coty Inc. COM CL A 222070203 3,485 331,653 SH   SOLE   291,475 0 40,178
Archer-Daniels-Midland Co. COM 039483102 3,316 80,720 SH   SOLE   67,117 0 13,603
Invesco DB US Dollar Index Bullish Fund BULLISH FD 46141D203 2,694 99,406 SH   SOLE   0 0 99,406
S P D R TRUST Unit SR TR UNIT 78462F103 2,678 9,025 SH   SOLE   0 0 9,025
Invesco Taxable TAXABLE MUN BD 46138G805 2,192 67,663 SH   SOLE   67,663 0 0
iShares 20 Treasury Bond fund 20 YR TR BD ETF 464287432 1,726 12,061 SH   SOLE   12,061 0 0
Consumer Staples Spdr Fund SBI CONS STPLS 81369Y308 891 14,514 SH   SOLE   14,514 0 0
Utilities Spdr fund SBI INT-UTILS 81369Y886 887 13,704 SH   SOLE   13,704 0 0
Ishares Tr Dow Jones Re US REAL ES ETF 464287739 873 9,332 SH   SOLE   9,332 0 0
Greenlight Capital RE, LTD. CL A G4095J109 531 50,565 SH   SOLE   50,565 0 0
Agree Realty Corp. COM 008492100 530 7,244 SH   SOLE   7,244 0 0
Avista Corp. COM 05379B107 528 10,894 SH   SOLE   10,894 0 0
Hostess Brands Inc CL A 44109J106 503 35,946 SH   SOLE   35,946 0 0
Vanguard Extended Duration Trs ETF EXTENDED DUR 921910709 466 3,299 SH   SOLE   3,299 0 0
Select Sector Spdr Tr Health Care Former SBI HEALTHCARE 81369Y209 457 5,067 SH   SOLE   5,067 0 0
Pattern Energy Group Inc. CL A 70338P100 452 16,766 SH   SOLE   16,766 0 0
Vaneck Vectors Etf Tr Mtg Reit Income MTG REIT INCOME 92189F452 422 18,105 SH   SOLE   18,105 0 0
Tenet Healthcare Corp COM 88033G407 361 16,322 SH   SOLE   16,322 0 0
Cott Corp. COM 22163N106 354 28,338 SH   SOLE   28,338 0 0
South Jersey Industries, Inc. COM 838518108 351 10,657 SH   SOLE   10,657 0 0
KKR Real Estate Finance Trust Inc. COM 48251K100 335 17,141 SH   SOLE   17,141 0 0
Sibanye Gold Ltd. SPONSORED ADR 825724206 320 59,265 SH   SOLE   59,265 0 0
Otter Tail Corp. COM 689648103 285 5,301 SH   SOLE   5,301 0 0
Senior Housing Properties Trust REIT 81721M109 262 28,321 SH   SOLE   28,321 0 0
Physicians Realty Trust COM 71943U104 252 14,171 SH   SOLE   14,171 0 0
Tanger Factory Outlet Centers, Inc. COM 875465106 237 15,305 SH   SOLE   15,305 0 0
Kite Realty Group Trust COM 49803T300 237 14,644 SH   SOLE   14,644 0 0
Retail Properties of America, Inc. CLA A 76131V202 234 19,026 SH   SOLE   19,026 0 0
Hain Celestial Group, Inc. COM 405217100 230 10,719 SH   SOLE   10,719 0 0
Stamps.Com Inc. COM 852857200 215 2,890 SH   SOLE   2,890 0 0
Papa Johns Internationl, Inc. COM 698813102 215 4,107 SH   SOLE   4,107 0 0
Invesco Mortgage Capital Inc. REIT 46131B100 210 13,675 SH   SOLE   13,675 0 0
WW International Inc. COM 98262P101 209 5,515 SH   SOLE   5,515 0 0
Sally Beauty Holdings Inc COM 79546E104 196 13,161 SH   SOLE   13,161 0 0
Dean Foods Company COM 242370203 27 23,186 SH   SOLE   23,186 0 0
American Outdoor Brands Corp. COM 02874P103 107 18,327 SH   SOLE   18,327 0 0
Houghton Mifflin Harcourt Company COM 44157R109 85 16,050 SH   SOLE   16,050 0 0
United Natural Foods, Inc. COM 911163103 138 11,968 SH   SOLE   11,968 0 0
Camping World Holdings, Inc. CL A 13462K109 104 11,708 SH   SOLE   11,708 0 0
Braemar Hotels & Resorts Inc. COM 10482B101 110 11,655 SH   SOLE   11,655 0 0
Uniti Group Inc Com REIT 91325V108 89 11,514 SH   SOLE   11,514 0 0
Element Solutions, Inc. COM 28618M106 116 11,410 SH   SOLE   11,410 0 0
Resideo Technologies, Inc. CL A 76118Y104 162 11,279 SH   SOLE   11,279 0 0