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
Estimated average burden
hours per response: 23.8
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
1/100 Berkshire Hathaway A (10 COM 084990175 1,088 500 SH   SOLE   500 0 0
3M Co COM 88579y101 12,423 75,317 SH   SOLE   75,317 0 0
ABB Ltd -Spon ADR COM 000375204 3,711 175,295 SH   SOLE   175,295 0 0
AGL Resources Inc COM 001204106 3,359 67,661 SH   SOLE   67,661 0 0
AT&T Inc COM 00206r102 9,866 302,165 SH   SOLE   302,165 0 0
AbbVie Inc COM 00287y109 8,603 146,966 SH   SOLE   146,966 0 0
Abbott Laboratories COM 002824100 9,972 215,240 SH   SOLE   215,240 0 0
Accenture PLC-Cl A COM g1151c101 3,794 40,499 SH   SOLE   40,499 0 0
Actavis plc COM g0083b108 728 2,446 SH   SOLE   2,446 0 0
Adobe Systems Inc COM 00724f101 495 6,700 SH   SOLE   6,700 0 0
Aetna Inc COM 00817Y108 678 6,360 SH   SOLE   6,360 0 0
Aflac Inc COM 001055102 323 5,043 SH   SOLE   5,043 0 0
Agilent Technologies Inc COM 00846u101 754 18,136 SH   SOLE   18,136 0 0
Air Products & Chemicals Inc COM 009158106 5,217 34,489 SH   SOLE   34,489 0 0
Albmarle Corp COM 012653101 377 7,135 SH   SOLE   7,135 0 0
Alerian MLP ETF COM 00162q866 295 17,805 SH   SOLE   17,805 0 0
Allegion PLC COM g0176j109 234 3,821 SH   SOLE   3,821 0 0
Alliance Data Systems Corp COM 018581108 328 1,107 SH   SOLE   1,107 0 0
Allstate Corp COM 020002101 408 5,733 SH   SOLE   5,733 0 0
Altria Group Inc COM 02209s103 7,588 151,698 SH   SOLE   151,698 0 0
AmTrust Financial Services COM 032359309 208 3,647 SH   SOLE   3,647 0 0
Amarillo Gold Corp COM 02301t108 44 1,400,000 SH   SOLE   1,400,000 0 0
Amazon.com Inc COM 023135106 254 683 SH   SOLE   683 0 0
American Electric Power COM 025537101 527 9,362 SH   SOLE   9,362 0 0
American Express Co COM 025816109 2,790 35,718 SH   SOLE   35,718 0 0
American International Group COM 026874784 246 4,494 SH   SOLE   4,494 0 0
AmerisourceBergen Corp COM 03073e105 463 4,075 SH   SOLE   4,075 0 0
Amgen Inc COM 031162100 2,340 14,641 SH   SOLE   14,641 0 0
Anthem Inc COM 036752103 3,076 19,920 SH   SOLE   19,920 0 0
Apple Inc COM 037833100 27,739 222,932 SH   SOLE   222,932 0 0
Archer-Daniels-Midland Co COM 039483102 697 14,698 SH   SOLE   14,698 0 0
Automatic Data Processing COM 053015103 11,415 133,290 SH   SOLE   133,290 0 0
BCE Inc COM 05534b760 2,737 64,603 SH   SOLE   64,603 0 0
Bank Of Marin Bancorp/CA COM 063425102 723 14,207 SH   SOLE   14,207 0 0
Bank of America Corp COM 060505104 5,716 371,432 SH   SOLE   371,432 0 0
Bank of Montreal COM 063671101 514 8,570 SH   SOLE   8,570 0 0
Baxter International Inc. COM 071813109 635 9,269 SH   SOLE   9,269 0 0
Becton Dickinson & Co COM 075887109 989 6,888 SH   SOLE   6,888 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 3,126 21,658 SH   SOLE   21,658 0 0
Biogen Idec Inc COM 09062x103 1,796 4,254 SH   SOLE   4,254 0 0
Blackrock Inc COM 09247x101 239 654 SH   SOLE   654 0 0
Blackstone Group/The COM 09253u108 775 19,935 SH   SOLE   19,935 0 0
Boeing Co COM 097023105 3,339 22,249 SH   SOLE   22,249 0 0
Bristol-Myers Squibb Co COM 110122108 17,156 265,990 SH   SOLE   265,990 0 0
CVS Health Corp COM 126650100 4,604 44,608 SH   SOLE   44,608 0 0
CarMax Inc COM 143130102 256 3,703 SH   SOLE   3,703 0 0
Carlyle Group/The COM 14309l102 2,115 78,037 SH   SOLE   78,037 0 0
Caterpillar Inc COM 149123101 1,708 21,342 SH   SOLE   21,342 0 0
Celgene Corp COM 151020104 582 5,045 SH   SOLE   5,045 0 0
CenterPoint Energy Inc COM 15189t107 1,983 97,173 SH   SOLE   97,173 0 0
Cerner Corp COM 156782104 2,692 36,740 SH   SOLE   36,740 0 0
Cerus Corp COM 157085101 42 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 554 6,764 SH   SOLE   6,764 0 0
Chevron Corp COM 166764100 26,144 249,038 SH   SOLE   249,038 0 0
Chubb Corp COM 171232101 3,141 31,066 SH   SOLE   31,066 0 0
Cigna Corp COM 125509109 202 1,564 SH   SOLE   1,564 0 0
Cisco Systems Inc COM 17275R102 3,427 124,488 SH   SOLE   124,488 0 0
Citigroup Inc COM 172967424 325 6,311 SH   SOLE   6,311 0 0
Clorox Company COM 189054109 9,304 84,283 SH   SOLE   84,283 0 0
Coca-Cola Co/The COM 191216100 4,854 119,707 SH   SOLE   119,707 0 0
Colgate-Palmolive Co COM 194162103 8,727 125,853 SH   SOLE   125,853 0 0
Comcast Corp-Cl A COM 20030n101 6,651 117,788 SH   SOLE   117,788 0 0
Conagra Foods Inc COM 205887102 1,264 34,598 SH   SOLE   34,598 0 0
ConocoPhillips COM 20825C104 13,855 222,538 SH   SOLE   222,538 0 0
Consolidated Edison Inc COM 209115104 1,062 17,413 SH   SOLE   17,413 0 0
Consumer Staples SPDR COM 81369y308 4,760 97,660 SH   SOLE   97,660 0 0
Costco Wholesale Corp COM 22160K105 13,888 91,676 SH   SOLE   91,676 0 0
Cummins Inc COM 231021106 267 1,929 SH   SOLE   1,929 0 0
DIRECTV Group Inc/The COM 25490a309 335 3,933 SH   SOLE   3,933 0 0
DTE Energy Company COM 233331107 246 3,047 SH   SOLE   3,047 0 0
Danaher Corp COM 235851102 4,450 52,420 SH   SOLE   52,420 0 0
Deere & Co COM 244199105 1,484 16,924 SH   SOLE   16,924 0 0
Diageo Plc-Sponsored ADR COM 25243q205 382 3,451 SH   SOLE   3,451 0 0
Dick's Sporting Goods Inc COM 253393102 943 16,538 SH   SOLE   16,538 0 0
Disney Co./Walt The COM 254687106 8,353 79,632 SH   SOLE   79,632 0 0
Dominion Resources Inc/Va COM 25746u109 548 7,738 SH   SOLE   7,738 0 0
Dow Chemical COM 260543103 372 7,748 SH   SOLE   7,748 0 0
Dr Pepper Snapple Group Inc COM 26138e109 949 12,095 SH   SOLE   12,095 0 0
Du Pont (E.I.) De Nemours COM 263534109 9,948 139,191 SH   SOLE   139,191 0 0
Duke Energy Corp COM 26441c204 818 10,656 SH   SOLE   10,656 0 0
EGShares Emerging Markets Cons COM 268461779 4,970 188,058 SH   SOLE   188,058 0 0
EMC Corp/Mass COM 268648102 387 15,123 SH   SOLE   15,123 0 0
EOG Resources Inc COM 26875p101 211 2,296 SH   SOLE   2,296 0 0
ETFS Physical Precious Metals COM 26922w109 569 9,310 SH   SOLE   9,310 0 0
Eaton Corp PLC COM g29183103 1,433 21,085 SH   SOLE   21,085 0 0
Ecolab Inc COM 278865100 6,849 59,876 SH   SOLE   59,876 0 0
Edison International COM 281020107 4,645 74,357 SH   SOLE   74,357 0 0
Eli Lilly & Co COM 532457108 3,937 54,186 SH   SOLE   54,186 0 0
Emerson Electric Co COM 291011104 2,010 35,499 SH   SOLE   35,499 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
EnerSys COM 29275y102 221 3,440 SH   SOLE   3,440 0 0
Energy Transfer Equity LP COM 29273v100 507 8,000 SH   SOLE   8,000 0 0
Energy Transfer Partners LP COM 29273r109 245 4,390 SH   SOLE   4,390 0 0
Enterprise Products Partners COM 293792107 1,406 42,687 SH   SOLE   42,687 0 0
Equity Residential COM 29476l107 241 3,090 SH   SOLE   3,090 0 0
Essex Property Trust Inc COM 297178105 462 2,010 SH   SOLE   2,010 0 0
Eurasian Minerals Inc COM 29843r100 39 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 311 6,155 SH   SOLE   6,155 0 0
Express Scripts Holding Co. COM 30219g108 1,220 14,064 SH   SOLE   14,064 0 0
Exxon Mobil Corp COM 30231G102 13,565 159,588 SH   SOLE   159,588 0 0
Facebook Inc COM 30303m102 400 4,861 SH   SOLE   4,861 0 0
FedEx Corp COM 31428x106 660 3,990 SH   SOLE   3,990 0 0
First Trust Dividend Leaders I COM 336917109 1,271 54,586 SH   SOLE   54,586 0 0
First Trust Mid Cap Growth Alp COM 33737m102 765 24,574 SH   SOLE   24,574 0 0
First Trust Mid Cap Value ETF COM 33737m201 285 9,168 SH   SOLE   9,168 0 0
Flagstar Bancorp Inc COM 337930705 145 10,000 SH   SOLE   10,000 0 0
Ford Motor Co COM 345370860 2,333 144,576 SH   SOLE   144,576 0 0
Fortinet Inc COM 34959e109 319 9,122 SH   SOLE   9,122 0 0
Franklin Resources Inc COM 354613101 378 7,365 SH   SOLE   7,365 0 0
Freeport-McMoRan Copper & Gold COM 35671d857 1,008 53,196 SH   SOLE   53,196 0 0
Frontier Communications Corp COM 35906a108 112 15,869 SH   SOLE   15,869 0 0
General Dynamics Corp COM 369550108 2,142 15,780 SH   SOLE   15,780 0 0
General Electric Co COM 369604103 17,664 711,977 SH   SOLE   711,977 0 0
General Mills Inc COM 370334104 5,200 91,873 SH   SOLE   91,873 0 0
Genuine Parts Co COM 372460105 5,228 56,106 SH   SOLE   56,106 0 0
Gilead Sciences Inc COM 375558103 1,997 20,350 SH   SOLE   20,350 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 2,050 44,427 SH   SOLE   44,427 0 0
Global Brands Group Holding COM g39338101 2 10,000 SH   SOLE   10,000 0 0
Global X SuperIncome Preferred COM 37950e333 200 13,601 SH   SOLE   13,601 0 0
Goldman Sachs Group Inc COM 38141G104 460 2,445 SH   SOLE   2,445 0 0
Google Inc-Cl A COM 38259P508 2,698 4,863 SH   SOLE   4,863 0 0
Google Inc-Cl C COM 38259p706 2,355 4,298 SH   SOLE   4,298 0 0
Grainger (W.W.) Inc COM 384802104 343 1,456 SH   SOLE   1,456 0 0
Guggenheim BRIC ETF COM 18383m100 268 9,345 SH   SOLE   9,345 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 710 5,061 SH   SOLE   5,061 0 0
Guggenheim S&P Equal Weight COM 78355w106 662 8,163 SH   SOLE   8,163 0 0
HCP Inc COM 40414l109 5,768 133,496 SH   SOLE   133,496 0 0
HPEV Inc COM 404273104 9 17,800 SH   SOLE   17,800 0 0
Harman International COM 413086109 941 7,042 SH   SOLE   7,042 0 0
Hercules Offshore Inc COM 427093109 4 10,300 SH   SOLE   10,300 0 0
Hershey Co/The COM 427866108 238 2,354 SH   SOLE   2,354 0 0
Hess Corp COM 42809h107 489 7,200 SH   SOLE   7,200 0 0
Hewlett-Packard Co COM 428236103 2,188 70,223 SH   SOLE   70,223 0 0
Home Depot Inc COM 437076102 6,888 60,632 SH   SOLE   60,632 0 0
Honeywell International Inc COM 438516106 5,671 54,371 SH   SOLE   543,741 0 0
Hormel Foods Corp COM 440452100 319 5,605 SH   SOLE   5,605 0 0
Hubbell Inc -Cl B COM 443510201 219 2,000 SH   SOLE   2,000 0 0
Illinois Tool Works COM 452308109 460 4,739 SH   SOLE   4,739 0 0
Infinito Gold Ltd COM 45671c106 0 18,200 SH   SOLE   18,200 0 0
Ingersoll-Rand PLC COM g47791101 1,851 27,188 SH   SOLE   27,188 0 0
Integral Technologies Inc COM 45810j103 14 17,000 SH   SOLE   17,000 0 0
Integrys Energy Group Inc COM 45822p105 202 2,804 SH   SOLE   2,804 0 0
Intel Corp COM 458140100 12,476 398,992 SH   SOLE   398,992 0 0
Intl Business Machines Corp COM 459200101 6,757 42,100 SH   SOLE   42,100 0 0
Intl Flavors & Fragrances COM 459506101 625 5,325 SH   SOLE   5,325 0 0
Intrexon Corp COM 46122t102 261 5,751 SH   SOLE   5,751 0 0
Ivanhoe Mines Ltd COM 46579r104 148 200,000 SH   SOLE   200,000 0 0
JPMorgan Chase & Co COM 46625H100 6,902 113,933 SH   SOLE   113,933 0 0
Jacobs Engineering Group Inc COM 469814107 332 7,344 SH   SOLE   7,344 0 0
Johnson & Johnson COM 478160104 21,794 216,639 SH   SOLE   216,639 0 0
Johnson Controls Inc COM 478366107 1,628 32,283 SH   SOLE   32,283 0 0
KKR & Co LP COM 48248m102 231 10,107 SH   SOLE   10,107 0 0
Keysight Technologies Inc COM 49338l103 419 11,268 SH   SOLE   11,268 0 0
Kimberly-Clark Corp COM 494368103 10,802 100,853 SH   SOLE   100,853 0 0
Kinder Morgan Inc COM 49456b101 4,872 115,843 SH   SOLE   115,843 0 0
Kohl's Corp COM 500255104 470 6,000 SH   SOLE   6,000 0 0
Kraft Foods Group COM 50076q106 3,175 36,449 SH   SOLE   36,449 0 0
L-3 Communications Holdings COM 502424104 361 2,871 SH   SOLE   2,871 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 1,895 15,027 SH   SOLE   15,027 0 0
Li & Fung Ltd COM g5485f169 10 10,000 SH   SOLE   10,000 0 0
Linn Co LLC COM 535782106 100 10,400 SH   SOLE   10,400 0 0
Linn Energy LLC-Units COM 536020100 345 31,155 SH   SOLE   31,155 0 0
Lockheed Martin Corp COM 539830109 2,404 11,847 SH   SOLE   11,847 0 0
Lowe's Cos Inc COM 548661107 4,380 58,879 SH   SOLE   58,879 0 0
Lululemon Athletica Inc COM 550021109 508 7,934 SH   SOLE   7,934 0 0
MabVax Therapeutics Holdings COM 55414p108 94 50,000 SH   SOLE   50,000 0 0
Macy's Inc COM 55616p104 2,099 32,332 SH   SOLE   32,332 0 0
Magellan Midstream Partners COM 559080106 202 2,632 SH   SOLE   2,632 0 0
Mallinckrodt PLC COM g5785g107 396 3,128 SH   SOLE   3,128 0 0
Manulife Financial Corp COM 56501r106 373 21,955 SH   SOLE   21,955 0 0
Marathon Oil Corp COM 565849106 284 10,863 SH   SOLE   10,863 0 0
Marathon Petroleum Corp COM 56585a102 353 3,447 SH   SOLE   3,447 0 0
Market Vectors Agribusiness ET COM 57060u605 849 15,840 SH   SOLE   15,840 0 0
Market Vectors Indonesia Index COM 57060u753 207 8,380 SH   SOLE   8,380 0 0
Market Vectors Pharmaceutical COM 57060u217 597 8,500 SH   SOLE   8,500 0 0
Marriott International-Cl A COM 571903202 2,501 31,142 SH   SOLE   21,497 0 0
McCormick & Co-Non Vtg Shrs COM 579780206 1,658 21,497 SH   SOLE   21,497 0 0
McDonald's Corp COM 580135101 10,008 102,709 SH   SOLE   102,709 0 0
McGraw Hill Financial Inc COM 580645109 926 8,956 SH   SOLE   8,956 0 0
McKesson Corp COM 58155q103 214 944 SH   SOLE   944 0 0
Medical Properties Trust Inc COM 58463j304 338 22,914 SH   SOLE   22,914 0 0
Medivation Inc COM 58501n101 233 1,806 SH   SOLE   1,806 0 0
Medtronic PLC COM g5960l103 6,196 79,443 SH   SOLE   79,443 0 0
Merck & Co. Inc. COM 58933y105 8,275 143,958 SH   SOLE   143,958 0 0
Microsoft Corp COM 594918104 7,244 178,180 SH   SOLE   178,180 0 0
Mondelez International COM 609207105 2,132 59,068 SH   SOLE   59,068 0 0
Morgan Stanley COM 617446448 2,634 73,807 SH   SOLE   73,807 0 0
Mylan NV COM n59465109 2,434 41,011 SH   SOLE   41,011 0 0
NXP Semiconductors Nv COM n6596x109 392 3,902 SH   SOLE   3,902 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 4,673 62,123 SH   SOLE   62,123 0 0
NextEra Energy Inc COM 65339f101 11,309 108,693 SH   SOLE   108,693 0 0
Nike Inc -Cl B COM 654106103 7,649 76,237 SH   SOLE   76,237 0 0
Nordstrom Inc COM 655664100 543 6,763 SH   SOLE   6,763 0 0
Norfolk Southern Corp COM 655844108 500 4,861 SH   SOLE   4,861 0 0
Novartis Ag-ADR COM 66987v109 4,142 42,002 SH   SOLE   42,002 0 0
Novo-Nordisk A/S-Spons ADR COM 670100205 249 4,670 SH   SOLE   4,670 0 0
Occidental Petroleum Corp COM 674599105 6,583 90,177 SH   SOLE   6,583 0 0
Oracle Corp COM 68389x105 5,124 118,752 SH   SOLE   118,752 0 0
Owens Realty Mortgage Inc COM 690828108 803 53,575 SH   SOLE   53,575 0 0
P G & E Corp COM 69331c108 542 10,208 SH   SOLE   10,208 0 0
PPG Industries Inc COM 693506107 278 1,235 SH   SOLE   1,235 0 0
Paccar Inc COM 693718108 1,849 29,289 SH   SOLE   29,289 0 0
Palo Alto Networks COM 697435105 444 3,040 SH   SOLE   3,040 0 0
Pele Mountain Resources Inc COM 705907103 0 10,000 SH   SOLE   10,000 0 0
PepsiCo Inc COM 713448108 8,057 84,264 SH   SOLE   84,264 0 0
Pfizer Inc COM 717081103 8,774 252,203 SH   SOLE   252,203 0 0
Philip Morris International COM 718172109 1,893 25,131 SH   SOLE   25,131 0 0
Phillips 66 COM 718546104 220 2,800 SH   SOLE   2,800 0 0
Piedmont Mining Co Inc COM 720172105 0 10,000 SH   SOLE   10,000 0 0
Plains All American Pipeline L COM 726503105 294 6,022 SH   SOLE   6,022 0 0
Plum Creek Timber Co COM 729251108 206 4,739 SH   SOLE   4,739 0 0
Potash Corp Of Saskatchewan COM 73755l107 999 30,980 SH   SOLE   30,980 0 0
PowerShares Buyback Achievers COM 73935x286 247 5,001 SH   SOLE   5,001 0 0
PowerShares Preferred Portfoli COM 73936t565 6,126 410,864 SH   SOLE   410,864 0 0
PowerShares S&P Low Volatility COM 73937b779 273 7,187 SH   SOLE   7,187 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 2,334 22,100 SH   SOLE   22,100 0 0
Praxair Inc COM 74005p104 2,345 19,420 SH   SOLE   19,420 0 0
Preferred Apartment Communitie COM 74039l103 2,255 208,448 SH   SOLE   208,448 0 0
ProLogis Inc COM 74340w103 377 8,663 SH   SOLE   8,663 0 0
Procter & Gamble Co COM 742718109 19,433 237,167 SH   SOLE   237,167 0 0
Public Service Enterprise Grou COM 744573106 1,906 45,458 SH   SOLE   45,458 0 0
Qualcomm Inc COM 747525103 1,130 16,293 SH   SOLE   16,293 0 0
Quest Diagnostics COM 74834l100 478 6,225 SH   SOLE   6,225 0 0
Realty Income Corp COM 756109104 8,358 161,972 SH   SOLE   161,972 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 577 1,278 SH   SOLE   1,278 0 0
Retail Properties of America COM 76131v202 630 39,293 SH   SOLE   39,293 0 0
Robert Half Intl Inc COM 770323103 294 4,858 SH   SOLE   4,858 0 0
Roche Holdings LTD-Spons ADR COM 771195104 2,445 71,120 SH   SOLE   71,120 0 0
Rockwell Automation Inc COM 773903109 208 1,793 SH   SOLE   1,793 0 0
Roper Industries Inc COM 776696106 202 1,175 SH   SOLE   1,175 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 1,483 24,857 SH   SOLE   24,857 0 0
SAP SE-Sponsored ADR COM 803054204 551 7,631 SH   SOLE   7,631 0 0
SPDR Consumer Discretionary Se COM 81369y407 4,969 65,945 SH   SOLE   65,945 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 865 4,871 SH   SOLE   4,871 0 0
SPDR Energy Select Sector COM 81369y506 3,955 50,975 SH   SOLE   50,975 0 0
SPDR Financial Select Sector COM 81369y605 4,083 169,354 SH   SOLE   169,354 0 0
SPDR Gold Trust COM 78463v107 887 7,808 SH   SOLE   7,808 0 0
SPDR Health Care Select Sector COM 81369y209 6,095 84,074 SH   SOLE   84,074 0 0
SPDR Industrial Select Sector COM 81369y704 4,155 74,511 SH   SOLE   74,511 0 0
SPDR Materials Select Sector COM 81369y100 1,331 27,282 SH   SOLE   27,282 0 0
SPDR S&P Biotech ETF COM 78464a870 798 3,538 SH   SOLE   3,538 0 0
SPDR S&P Dividend ETF COM 78464a763 10,294 131,634 SH   SOLE   131,634 0 0
SPDR S&P Emerging Markets Smal COM 78463x756 281 6,284 SH   SOLE   6,284 0 0
SPDR S&P Intl Dividend COM 78463x772 468 11,160 SH   SOLE   11,160 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 10,184 36,734 SH   SOLE   36,734 0 0
SPDR S&P500 Index Trust Series COM 78462f103 8,442 40,898 SH   SOLE   40,898 0 0
SPDR Technology Select Sector COM 81369y803 7,179 173,242 SH   SOLE   173,242 0 0
Salesforce.Com Inc COM 79466l302 982 14,695 SH   SOLE   14,695 0 0
Sanofi-ADR COM 80105n105 4,484 90,688 SH   SOLE   90,688 0 0
Scana Corp COM 80589m102 726 13,207 SH   SOLE   13,207 0 0
Scandium International Mining COM 80600l109 2 23,400 SH   SOLE   23,400 0 0
Schlumberger Ltd COM 806857108 752 9,012 SH   SOLE   9,012 0 0
Schwab (Charles) Corp COM 808513105 657 21,572 SH   SOLE   21,572 0 0
Schwab U.S. Broad Market ETF COM 808524102 1,508 29,867 SH   SOLE   29,867 0 0
Schwab U.S. Large-Cap ETF COM 808524201 2,215 44,685 SH   SOLE   44,685 0 0
Schwab U.S. Mid-Cap ETF COM 808524508 2,135 49,488 SH   SOLE   49,488 0 0
Schwab U.S. Small-Cap ETF COM 808524607 1,099 19,079 SH   SOLE   19,079 0 0
Schwab US Dividend Equity ETF COM 808524797 1,000 25,366 SH   SOLE   25,366 0 0
Schwab US REIT ETF COM 808524847 201 4,965 SH   SOLE   4,965 0 0
Sempra Energy COM 816851109 2,134 19,572 SH   SOLE   19,572 0 0
Siemens Ag-Spons ADR COM 826197501 223 2,063 SH   SOLE   2,063 0 0
Sierra Vista Bank COM 82651b105 88 20,000 SH   SOLE   20,000 0 0
Sigma-Aldrich COM 826552101 231 1,670 SH   SOLE   1,670 0 0
Silvercorp Metals Inc COM 82835p103 12 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 226 1,155 SH   SOLE   1,155 0 0
Sirius XM Holdings Inc COM 82968b103 579 151,484 SH   SOLE   151,484 0 0
Southern Co COM 842587107 2,479 55,994 SH   SOLE   55,994 0 0
Southern Copper Corp COM 84265v105 367 12,569 SH   SOLE   12,569 0 0
Southwestern Energy Co COM 845467109 238 10,281 SH   SOLE   10,281 0 0
Spectra Energy Corp COM 847560109 2,693 74,461 SH   SOLE   74,461 0 0
Spectral Medical Inc COM 847577103 17 25,000 SH   SOLE   25,000 0 0
Sprott Physical Gold Trust COM 85207h104 134 13,737 SH   SOLE   13,737 0 0
Sprott Resource Corp COM 85207d103 148 200,000 SH   SOLE   200,000 0 0
St Jude Medical Inc COM 790849103 827 12,651 SH   SOLE   12,651 0 0
Stanley Black & Decker Inc COM 854502101 4,500 47,190 SH   SOLE   47,190 0 0
Starbucks Corp COM 855244109 3,747 39,568 SH   SOLE   39,568 0 0
State Street Corp COM 857477103 288 3,920 SH   SOLE   3,920 0 0
Strategic Hotels & Resorts Inc COM 86272t106 151 12,177 SH   SOLE   12,177 0 0
Stryker Corp COM 863667101 358 3,877 SH   SOLE   3,877 0 0
Suncor Energy Inc COM 867224107 237 8,100 SH   SOLE   8,100 0 0
Sysco Corp COM 871829107 262 6,956 SH   SOLE   6,956 0 0
T Rowe Price Group Inc COM 74144t108 275 3,390 SH   SOLE   3,390 0 0
TD Ameritrade Holding Corp COM 87236y108 1,766 47,388 SH   SOLE   47,388 0 0
TJX Companies Inc COM 872540109 507 7,232 SH   SOLE   7,232 0 0
Target Corp COM 87612e106 7,928 96,606 SH   SOLE   96,606 0 0
Teco Energy Inc COM 872375100 2,807 144,681 SH   SOLE   144,681 0 0
Tesla Motors Inc COM 88160r101 281 1,487 SH   SOLE   1,487 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 448 7,190 SH   SOLE   7,190 0 0
Texas Instruments Inc COM 882508104 357 6,247 SH   SOLE   6,247 0 0
Thermo Fisher Scientific Inc COM 883556102 290 2,160 SH   SOLE   2,160 0 0
Toronto-Dominion Bank COM 891160509 4,127 96,312 SH   SOLE   96,312 0 0
Toyota Motor Corp -Spon ADR COM 892331307 2,713 19,395 SH   SOLE   19,395 0 0
Travelers Cos Inc/The COM 89417e109 3,652 33,774 SH   SOLE   33,774 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
Turquoise Hill Resources Ltd COM 900435108 94 30,000 SH   SOLE   30,000 0 0
Twenty-First Century Fox-B (fo COM 90130a200 2,491 75,750 SH   SOLE   75,750 0 0
UDR Inc COM 902653104 241 7,080 SH   SOLE   7,080 0 0
US Bancorp COM 902973304 2,068 47,351 SH   SOLE   47,351 0 0
Unilever N V -NY Shares COM 904784709 3,036 72,713 SH   SOLE   72,713 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,809 43,373 SH   SOLE   43,373 0 0
Union Pacific Corp COM 907818108 2,080 19,206 SH   SOLE   19,206 0 0
United Parcel Service-Cl B COM 911312106 8,350 86,138 SH   SOLE   86,138 0 0
United Technologies Corp COM 913017109 3,296 28,119 SH   SOLE   28,119 0 0
UnitedHealth Group Inc COM 91324P102 1,141 9,643 SH   SOLE   9,643 0 0
Urban Edge Properties COM 91704f104 265 11,177 SH   SOLE   11,177 0 0
Utilities Select Sector SPDR COM 81369y886 1,195 26,900 SH   SOLE   26,900 0 0
VF Corp COM 918204108 262 3,482 SH   SOLE   3,482 0 0
Vanguard Consumer Discretionar COM 92204a108 403 3,289 SH   SOLE   3,289 0 0
Vanguard Consumer Staples Vipe COM 92204a207 300 2,360 SH   SOLE   2,360 0 0
Vanguard Dividend Appreciation COM 921908844 815 10,122 SH   SOLE   10,122 0 0
Vanguard European Vipers COM 922042874 768 14,165 SH   SOLE   14,165 0 0
Vanguard FTSE All-World Ex-US COM 922042775 254 5,217 SH   SOLE   5,217 0 0
Vanguard FTSE Developed Market COM 921943858 1,958 49,171 SH   SOLE   49,171 0 0
Vanguard FTSE Emerging Markets COM 922042858 1,441 35,265 SH   SOLE   35,265 0 0
Vanguard Health Care Vipers COM 92204a504 329 2,430 SH   SOLE   2,430 0 0
Vanguard High Div Yield ETF COM 921946406 1,691 24,755 SH   SOLE   24,755 0 0
Vanguard Info Tech Vipers COM 92204a702 504 4,731 SH   SOLE   4,731 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 367 3,850 SH   SOLE   3,850 0 0
Vanguard Mid-Cap COM 922908629 3,957 29,816 SH   SOLE   29,816 0 0
Vanguard REIT COM 922908553 1,415 16,781 SH   SOLE   16,781 0 0
Vanguard Small-Cap Vipers COM 922908751 4,813 39,271 SH   SOLE   39,271 0 0
Vanguard Total Stock Market COM 922908769 13,073 121,896 SH   SOLE   121,896 0 0
Varian Medical Systems Inc COM 92220P105 1,167 12,402 SH   SOLE   12,402 0 0
Verizon Communications Inc COM 92343v104 24,178 497,186 SH   SOLE   497,186 0 0
Visa Inc-Class A Shares COM 92826c839 649 9,924 SH   SOLE   9,924 0 0
Vornado Realty Trust COM 929042109 5,946 53,087 SH   SOLE   53,087 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
Wal-Mart Stores Inc COM 931142103 1,312 15,947 SH   SOLE   15,947 0 0
Walgreens Boots Alliance Inc COM 931427108 10,819 127,768 SH   SOLE   127,768 0 0
Waste Management Inc COM 94106l109 8,276 152,604 SH   SOLE   152,604 0 0
Wells Fargo & Company COM 949746101 30,538 561,363 SH   SOLE   561,363 0 0
Westamerica Bancorportaion COM 957090103 546 12,647 SH   SOLE   12,647 0 0
Weyerhaeuser Co COM 962166104 1,040 31,359 SH   SOLE   31,359 0 0
Whirlpool Corp COM 963320106 3,076 15,223 SH   SOLE   15,223 0 0
White Mountains Insurance Grou COM g9618e107 711 1,038 SH   SOLE   1,038 0 0
Whole Foods Market Inc COM 966837106 7,164 137,554 SH   SOLE   137,554 0 0
Williams Cos Inc COM 969457100 9,604 189,842 SH   SOLE   189,842 0 0
Williams-Sonoma Inc COM 969904101 546 6,850 SH   SOLE   6,850 0 0
Wisconsin Energy Corp COM 976657106 4,521 91,337 SH   SOLE   91,337 0 0
Xcel Energy Inc COM 98389b100 254 7,299 SH   SOLE   7,299 0 0
Xylem Inc COM 98419m100 213 6,072 SH   SOLE   6,072 0 0
Yahoo! Inc COM 984332106 1,413 31,804 SH   SOLE   31,804 0 0
Yum! Brands Inc COM 988498101 428 5,440 SH   SOLE   5,440 0 0
Zimmer Holdings Inc COM 98956p102 1,654 14,078 SH   SOLE   14,078 0 0
Zogenix Inc COM 98978l105 14 10,000 SH   SOLE   10,000 0 0
eBay Inc COM 278642103 257 4,451 SH   SOLE   4,451 0 0
iShares DJ EPAC Sel Div Inc In COM 464288448 2,301 68,413 SH   SOLE   68,413 0 0
iShares DJ Select Dividend Ind COM 464287168 6,492 83,296 SH   SOLE   83,296 0 0
iShares DJ US Consumer Noncycl COM 464287812 224 2,125 SH   SOLE   2,125 0 0
iShares DJ US Financial Sect COM 464287788 1,246 13,996 SH   SOLE   13,996 0 0
iShares DJ US Health Car Pro COM 464288828 273 2,052 SH   SOLE   2,052 0 0
iShares DJ US Healthcare Sec COM 464287762 282 1,829 SH   SOLE   1,829 0 0
iShares DJ US Telecommunicatio COM 464287713 730 24,172 SH   SOLE   24,172 0 0
iShares DJ US Transport Index COM 464287192 1,007 6,430 SH   SOLE   6,430 0 0
iShares FTSE/Xinhua China 25 COM 464287184 1,027 23,139 SH   SOLE   23,139 0 0
iShares GS Natural Resources I COM 464287374 662 17,643 SH   SOLE   17,643 0 0
iShares Gold Trust COM 464285105 761 66,439 SH   SOLE   66,439 0 0
iShares Goldman Sachs Tech I COM 464287721 253 2,410 SH   SOLE   2,410 0 0
iShares MCSI EAFE Growth Index COM 464288885 273 3,900 SH   SOLE   3,900 0 0
iShares MSCI Australia Index COM 464286103 604 26,400 SH   SOLE   26,400 0 0
iShares MSCI Canada Index COM 464286509 635 23,346 SH   SOLE   23,346 0 0
iShares MSCI EAFE Index COM 464287465 1,500 23,373 SH   SOLE   23,373 0 0
iShares MSCI EAFE Value Index COM 464288877 269 5,040 SH   SOLE   5,040 0 0
iShares MSCI EMU Index-Europea COM 464286608 386 10,000 SH   SOLE   10,000 0 0
iShares MSCI Emerging Markets COM 464287234 1,304 32,485 SH   SOLE   32,485 0 0
iShares MSCI Hong Kong Index - COM 464286871 852 38,835 SH   SOLE   38,835 0 0
iShares MSCI Mexico Index COM 464286822 345 5,945 SH   SOLE   5,945 0 0
iShares MSCI Singapore Index COM 464286673 329 25,700 SH   SOLE   25,700 0 0
iShares MSCI South Korea Index COM 464286772 241 4,213 SH   SOLE   4,213 0 0
iShares MSCI USA Quality Facto COM 46432f339 744 11,702 SH   SOLE   11,702 0 0
iShares Microcap ETF COM 464288869 616 7,793 SH   SOLE   7,793 0 0
iShares Nasdaq Biotech Index F COM 464287556 4,257 12,394 SH   SOLE   12,394 0 0
iShares Russell 1000 Growth COM 464287614 896 9,057 SH   SOLE   9,057 0 0
iShares Russell 1000 Value COM 464287598 310 3,005 SH   SOLE   3,005 0 0
iShares Russell 2000 Index Fun COM 464287655 1,294 10,403 SH   SOLE   10,403 0 0
iShares Russell Midcap Growth COM 464287481 206 2,104 SH   SOLE   2,104 0 0
iShares Russell Midcap Index COM 464287499 363 2,097 SH   SOLE   2,097 0 0
iShares Russell Midcap Value I COM 464287473 387 5,137 SH   SOLE   5,137 0 0
iShares S&P 100 Index Fund COM 464287101 1,754 19,431 SH   SOLE   19,431 0 0
iShares S&P 500 Index Fund COM 464287200 621 2,990 SH   SOLE   2,990 0 0
iShares S&P Europe 350 COM 464287861 3,538 79,911 SH   SOLE   79,911 0 0
iShares S&P Global 100 COM 464287572 700 9,101 SH   SOLE   9,101 0 0
iShares S&P Midcap 400 COM 464287507 1,510 9,935 SH   SOLE   9,935 0 0
iShares S&P Midcap 400/Value COM 464287705 428 3,270 SH   SOLE   3,270 0 0
iShares S&P SmallCap 600 COM 464287804 672 5,696 SH   SOLE   5,696 0 0
iShares S&P US Preferred Stock COM 464288687 9,581 238,863 SH   SOLE   238,863 0 0
AEGON 8.00% 2042 Notes Call 08 PFD 007924608 3,937 138,529 SH   SOLE   138,529 0 0
AON Cap 8.205% 1/27 Non-Call B PFD 22532r101 1,794 57,479 SH   SOLE   57,479 0 0
Affiliated Mgrs Grp 6.375% SrN PFD 008252876 210 7,783 SH   SOLE   7,783 0 0
Allied Capital ARCC6.875% 4/20 PFD 01903q207 405 15,909 SH   SOLE   15,909 0 0
American Capital Agency 8.0% P PFD 02503x204 1,097 41,562 SH   SOLE   41,562 0 0
American Capital Agncy 7.75% P PFD 02503x303 671 26,769 SH   SOLE   26,769 0 0
Amtrust Financial 7.25% CUM QD PFD 032359507 267 10,617 SH   SOLE   10,617 0 0
Amtrust Financial 7.5% QDI Cal PFD 032359887 1,982 78,725 SH   SOLE   78,725 0 0
Amtrust Financial 7.625%CUM QD PFD 032359705 2,379 93,103 SH   SOLE   93,103 0 0
Annaly Capital 7.625% Perp Cl PFD 035710706 234 9,279 SH   SOLE   9,279 0 0
Arbor Realty 8.50% CUM Perp Ca PFD 038923801 204 7,950 SH   SOLE   7,950 0 0
Arch Capital 6.75% BBB QDI Cl PFD g0450a204 738 27,024 SH   SOLE   27,024 0 0
Ares Capital 7.75% 2040 Call 1 PFD 04010l202 3,218 124,054 SH   SOLE   124,054 0 0
Argo Group 6.5% Sr Notes Call PFD 040130205 350 13,850 SH   SOLE   13,850 0 0
Ashford Hospitality 9.0% NR Ca PFD 044103505 1,130 42,494 SH   SOLE   42,494 0 0
Aspen Insurance 7.25% Call07/2 PFD g05384147 6,524 245,638 SH   SOLE   245,638 0 0
Aspen Insurance 7.401% Call 07 PFD g05384139 644 24,638 SH   SOLE   24,638 0 0
Aviva 8.25% 12/2041 Call 12/20 PFD 05382a203 8,813 318,834 SH   SOLE   318,834 0 0
Axis Capital 6.875% Cl 4/17 QD PFD g0692u307 529 19,621 SH   SOLE   19,621 0 0
BAC Flt LIB+35 BB NCU QDI Cl 1 PFD 060505815 242 11,168 SH   SOLE   11,168 0 0
BB&T Capital 5.625% Call 8/201 PFD 054937404 222 8,774 SH   SOLE   8,774 0 0
BGC Partners 8.125% 2042 Call PFD 05541t408 4,880 174,997 SH   SOLE   174,997 0 0
Banc of California 7.375% Perp PFD 05990k882 1,463 58,600 SH   SOLE   58,600 0 0
Banc of California 8.00% Perp PFD 05990k403 1,261 47,606 SH   SOLE   47,606 0 0
Bank of America 6.5% Prp Cl 1/ PFD 060505310 559 21,850 SH   SOLE   21,850 0 0
Bank of America 6.625% Prp/Cl PFD 060505344 774 29,929 SH   SOLE   29,929 0 0
Bank of America 6.625%Prp Cl 1 PFD 060505740 638 24,585 SH   SOLE   24,585 0 0
Barclays 7.75% Prp Cl 9/13 BB PFD 06739h511 697 26,771 SH   SOLE   26,771 0 0
Barclays 8.125% Perp/Cl 3/14 B PFD 06739h362 1,102 41,995 SH   SOLE   41,995 0 0
Barclays Bank 7.1% Prp Call 12 PFD 06739h776 970 37,541 SH   SOLE   37,541 0 0
CHS Chemical 7.50% Cl 1/2025 C PFD 12542r803 1,969 71,050 SH   SOLE   71,050 0 0
CHS Chemicals 7.875% Perp cl 2 PFD 12542r308 245 8,597 SH   SOLE   8,597 0 0
Campus Crest Comm 8.00% Perp C PFD 13466y204 1,507 59,712 SH   SOLE   59,712 0 0
Capital One Finl 6.7%Prp Call PFD 14040h709 450 16,863 SH   SOLE   16,863 0 0
CenturyLink Quest 6.125%Nts Cl PFD 74913g600 263 10,500 SH   SOLE   10,500 0 0
CenturyLink Quest 7.0%SnNts Cl PFD 74913g501 2,617 98,748 SH   SOLE   98,748 0 0
CenturyLink Quest7.375% 6/51 C PFD 74913g204 1,187 45,172 SH   SOLE   45,172 0 0
CenturyLink SnNote7.5% 2051 Cl PFD 74913g303 6,079 227,592 SH   SOLE   227,592 0 0
CenturyLink SnNotes 6.875% CL PFD 74913g105 1,186 45,050 SH   SOLE   45,050 0 0
CenturyLink SnNotes 7.0% 2052 PFD 74913G402 1,359 51,625 SH   SOLE   51,625 0 0
Chesapeake Lodging 7.75% PerpC PFD 165240201 3,141 119,191 SH   SOLE   119,191 0 0
Citigroup 5.8% B1 Call 4/18 QD PFD 172967366 274 10,800 SH   SOLE   10,800 0 0
Citigroup 7.125% Flt Aftr 9/23 PFD 172967358 4,923 178,095 SH   SOLE   178,095 0 0
Citigroup Tst 7.875% Cl2015 Li PFD 173080201 324 12,210 SH   SOLE   12,210 0 0
Colony Financial8.50% Perp CUM PFD 19624r205 248 9,318 SH   SOLE   9,318 0 0
CoreEnergy 7.375% Pfd - Par Ca PFD 21870u304 661 26,155 SH   SOLE   26,155 0 0
Corporate Office Prop 7.375% C PFD 22002t884 2,009 76,520 SH   SOLE   76,520 0 0
Costamare 7.625% CUM QDI Perp PFD y1771g110 448 17,466 SH   SOLE   17,466 0 0
Costamare 8.50% CUM QDI Perp C PFD y1771g128 3,260 123,021 SH   SOLE   123,021 0 0
Cowen 8.25% Senior Notes Due 1 PFD 223622309 1,289 48,436 SH   SOLE   48,436 0 0
CubeSmart 7.75%CUM Call 11/2/2 PFD 229663208 633 23,669 SH   SOLE   23,669 0 0
DTE Energy 6.5% Jr Sub Call 12 PFD 233331602 1,580 59,260 SH   SOLE   59,260 0 0
Deutsche Bank 8.05% PrpCl6/18 PFD 25150l108 3,288 113,769 SH   SOLE   113,769 0 0
Deutsche Bk Tst6.55%Perp Cl 5/ PFD 25153x208 629 23,244 SH   SOLE   23,244 0 0
Deutsche Bnk 7.6% Prp Cl 2/18 PFD 25154a108 1,631 57,615 SH   SOLE   57,615 0 0
Digital Realty 6.625% Perp CUM PFD 253868806 494 19,104 SH   SOLE   19,104 0 0
Digital Realty 7.0% Perp Call PFD 253868707 3,721 142,854 SH   SOLE   142,854 0 0
Digital Realty 7.375% Perp CUM PFD 253868871 274 9,925 SH   SOLE   9,925 0 0
Discover Financial 6.50%Perp Q PFD 254709207 1,929 74,417 SH   SOLE   74,417 0 0
Endurance Specialty 7.5% Cl 6/ PFD g30397304 2,658 99,295 SH   SOLE   99,295 0 0
Endurance Specialty 7.75% Cl12 PFD 29267h208 3,666 139,728 SH   SOLE   139,728 0 0
Equity Comwlth 7.25% CUM Perp/ PFD 294628409 560 21,486 SH   SOLE   21,486 0 0
Excel Trust 8.125% CUM Call 1/ PFD 30068c307 1,609 59,756 SH   SOLE   59,756 0 0
First Republic 7.0% Cl 12/18 B PFD 33616c860 1,940 69,744 SH   SOLE   69,744 0 0
First Republic Bank 6.2% Cl 6/ PFD 33616c407 629 24,435 SH   SOLE   24,435 0 0
First Republic Bank 6.70% Cl20 PFD 33616c209 1,736 66,002 SH   SOLE   66,002 0 0
Five Oaks Investment 8.75%Perp PFD 33830w205 327 12,810 SH   SOLE   12,810 0 0
General Growth Prop 6.375% Cl PFD 370023202 385 15,100 SH   SOLE   15,100 0 0
GoldmanSachs Lib+75 Min3.75% C PFD 38143y665 641 31,997 SH   SOLE   31,997 0 0
HSBC 6.36% Perp Callable NCU Q PFD 40429c607 785 30,858 SH   SOLE   30,858 0 0
HSBC Float 4.5%FL Clbl CUM QDI PFD 40428h706 766 30,138 SH   SOLE   30,138 0 0
HSBC Hldgs 8.0% Prp Cl 12/15 B PFD 404280802 5,094 194,214 SH   SOLE   194,214 0 0
Hanover Insurance6.35% Cl3/18 PFD 410867204 292 11,600 SH   SOLE   11,600 0 0
Hartford Finl 7.875% 2042 call PFD 416518504 1,544 50,250 SH   SOLE   50,250 0 0
Hatteras Financial 7.625% CUM PFD 41902r400 1,002 41,328 SH   SOLE   41,328 0 0
Hercules Technology 7% Pfd Cal PFD 427096870 315 12,350 SH   SOLE   12,350 0 0
Hudson Pacific 8.375% Perp N/R PFD 444097208 1,035 39,655 SH   SOLE   39,655 0 0
ING Groep NV 7 3/8% Cl 10/12 B PFD 456837707 1,729 67,174 SH   SOLE   67,174 0 0
ING Grp NV 7.20%Pfd Perp/Cl l2 PFD 456837301 295 11,425 SH   SOLE   11,425 0 0
Investors REIT 7.95% Perp CUM PFD 461730301 1,064 40,602 SH   SOLE   40,602 0 0
JMP Group 8.00% SrDeb Due1/202 PFD 46629u206 333 12,807 SH   SOLE   12,807 0 0
JPMorgan Chase 6.70%Perp/Call PFD 48127a161 1,598 59,375 SH   SOLE   59,375 0 0
KKR Financial 7.375% Prp Call PFD 48248a603 433 16,157 SH   SOLE   16,157 0 0
KKR Financial 7.50% SrNts Call PFD 48248a504 5,305 194,449 SH   SOLE   194,449 0 0
KKR Financial 8.375%SrNts Call PFD 48248a405 1,631 58,220 SH   SOLE   58,220 0 0
Kimco Realty 6.90% Perp Call8/ PFD 49446r828 306 11,926 SH   SOLE   11,926 0 0
LaSalle Hotel 7.50% Perp CUM C PFD 517942702 2,128 82,760 SH   SOLE   82,760 0 0
M&T Bank 6.375% Cl 11/18 BBB- PFD 55261f708 575 569 SH   SOLE   569 0 0
MFA Financial 7.5% Prp Cl 4/15 PFD 55272x409 204 8,173 SH   SOLE   8,173 0 0
Magnum Hunter 8.00%Perp Ccum C PFD 55973b300 391 11,201 SH   SOLE   11,201 0 0
Maiden Hldgs 8.00% Nts 2042 ca PFD 56029q309 2,389 89,676 SH   SOLE   89,676 0 0
Maiden Hldgs 8.25% Nts 2041 ca PFD 56029q200 880 33,194 SH   SOLE   33,194 0 0
Maiden Holdings 8.25%Prp Cl8/2 PFD g5753u120 1,641 62,161 SH   SOLE   62,161 0 0
MetLife 3MoLibor+100 Min 4.0% PFD 59156r504 259 10,431 SH   SOLE   10,431 0 0
Montpelier RE 8.875% Perp QDI PFD g62185114 911 34,395 SH   SOLE   34,395 0 0
Morgan Stanley 3MoLib+70bp 4%F PFD 61747s504 515 24,313 SH   SOLE   24,313 0 0
Morgan Stanley 7.125%Flt Aftr1 PFD 61762v200 2,273 79,836 SH   SOLE   79,836 0 0
National General Ins 7.50% Cal PFD 636220808 2,567 103,000 SH   SOLE   103,000 0 0
National General Ins 7.50% Cal PFD 636220709 2,536 100,824 SH   SOLE   100,824 0 0
News Corp 7.00% 12/1/2095 call PFD 863117206 283 11,003 SH   SOLE   11,003 0 0
NorthStar Realty Fin 8.50% CUM PFD 66705V209 271 10,377 SH   SOLE   10,377 0 0
NuStar Logistics 7.625%Nts Cl PFD 67059t204 796 30,528 SH   SOLE   30,528 0 0
Oxford Lane Cap8.125% Cl6/2017 PFD 691543409 242 9,580 SH   SOLE   9,580 0 0
PS Business Parks 6.0% Cl 5/20 PFD 69360j685 316 12,651 SH   SOLE   12,651 0 0
Partner Re 7.25% Call 06/16 BB PFD g68603508 5,919 220,435 SH   SOLE   220,435 0 0
Pebblebrook Hotel 8.00%Perp Cu PFD 70509v308 2,833 106,074 SH   SOLE   106,074 0 0
Pebblebrook Hotel7.875%Perp Cu PFD 70509v209 853 32,625 SH   SOLE   32,625 0 0
Penn RealEstate 7.375%CUM Perp PFD 709102503 648 25,134 SH   SOLE   25,134 0 0
Pitney Bowes 6.7% Cl 3/7/18 PFD 724479506 372 13,900 SH   SOLE   13,900 0 0
Principal Fin 145Bp+30y QDI ($ PFD 74251v201 2,483 24,890 SH   SOLE   24,890 0 0
Prospect Captl 6.95%SrNtsBBBCa PFD 74348t201 945 37,100 SH   SOLE   37,100 0 0
Prudential PLC 6.75% PrpCl 9/0 PFD g7293h114 755 28,928 SH   SOLE   28,928 0 0
Public Storage 5.90% Perp CUM PFD 74460w206 258 10,050 SH   SOLE   10,050 0 0
Public Storage 6.35% Call 7/16 PFD 74460d125 838 31,605 SH   SOLE   31,605 0 0
Public Storage 6.5% Perp Call PFD 74460d158 391 15,150 SH   SOLE   15,150 0 0
Public Storage 6.50% Call 4/20 PFD 74460d141 1,737 66,004 SH   SOLE   66,004 0 0
Public Storage 6.875% Called 4 PFD 74460d182 966 38,544 SH   SOLE   38,544 0 0
Raymond James Financial 6.90% PFD 754730208 875 32,335 SH   SOLE   32,335 0 0
Realty Income 6.625% Call 2/17 PFD 756109807 314 11,900 SH   SOLE   11,900 0 0
Regency Centers 6.00% Perp CUM PFD 758849806 448 17,900 SH   SOLE   17,900 0 0
Regions Financial 6.375% Cl 12 PFD 7591ep308 421 16,700 SH   SOLE   16,700 0 0
Reinsurance Group of Amer 6.2% PFD 759351703 419 14,500 SH   SOLE   14,500 0 0
Retail Properties of Amer 7.0% PFD 76131v608 496 18,900 SH   SOLE   18,900 0 0
SL Green Realty 6.5% Perp CUM PFD 78440x507 2,254 85,858 SH   SOLE   85,858 0 0
Safe Bulkers 8.00% Cumulative PFD y7388l129 320 15,350 SH   SOLE   15,350 0 0
Seaspan 8.25% Perp CUM QDI Cal PFD y75638133 1,225 46,477 SH   SOLE   46,477 0 0
Seaspan 9.50% 1/2049 Call 1/20 PFD B643v81 215 8,035 SH   SOLE   8,035 0 0
SoCalEd FltRaet $100 1.45+30yr PFD 842400756 2,665 26,592 SH   SOLE   26,592 0 0
Solar Capital 6.75% Cl 11/17 PFD 83413u308 318 12,750 SH   SOLE   12,750 0 0
Southern Cal Ed 6.5% $100 Cl3/ PFD 842400723 702 6,640 SH   SOLE   6,640 0 0
Summit Hotel 7.875% Perp CUM C PFD 866082308 2,008 75,190 SH   SOLE   75,190 0 0
Sunstone Hotel 8.00% Perp CUM PFD 867592507 1,128 43,214 SH   SOLE   43,214 0 0
Taubman Centers 6.5% CUM NA Cl PFD 876664608 251 9,751 SH   SOLE   9,751 0 0
Teekay Offshore 7.25%Perp CUM PFD y8565j127 778 33,686 SH   SOLE   33,686 0 0
Telephone & Data 6.875% Cl 11/ PFD 879433845 3,465 136,800 SH   SOLE   136,800 0 0
Telephone & Data 7.0% Cl 3/16 PFD 879433837 887 34,321 SH   SOLE   34,321 0 0
TravelCenters America 8.00%SrN PFD 894174309 1,619 61,800 SH   SOLE   61,800 0 0
Triancgle Capital 6.375% Sr No PFD 895848406 494 19,450 SH   SOLE   19,450 0 0
US Bancorp 6.5% Flt Aftr 1/22 PFD 902973833 1,645 55,368 SH   SOLE   55,368 0 0
US Celllular SrNts 7.25% 2063 PFD 911684504 458 18,100 SH   SOLE   18,100 0 0
US Cellular 6.95%SrNT 2060 Cl PFD 911684405 468 18,435 SH   SOLE   18,435 0 0
Vornado Realty 5.7% Prp Cl 7/1 PFD 929042851 293 11,773 SH   SOLE   11,773 0 0
Vornado Realty 6.875% Prp/Cl 4 PFD 929042869 3,176 121,275 SH   SOLE   121,275 0 0
Wells Fargo 6.375% Cl 12/19 QD PFD 94988n207 528 20,300 SH   SOLE   20,300 0 0
Wells Fargo 7.5% Cnv/Prp$1000 PFD 949746804 9,292 7,617 SH   SOLE   7,617 0 0
Wells Fargo 8.00% Prp Cl12/17 PFD 949746879 12,984 443,894 SH   SOLE   443,894 0 0
Charles Schwab 7% Perp/Call 2/ PFD 808513AE5 2,393 2,032,000 PRN   SOLE   2,032,000 0 0
Citigroup Inc 5.95% Perp Call PFD 172967GD7 298 295,000 PRN   SOLE   295,000 0 0
GE Cap Corp 6.25% Perp/Call 12 PFD 369622SP1 395 350,000 PRN   SOLE   350,000 0 0
GE Cap Corp 7.125% Perp/Call 6 PFD 369622SN6 2,373 2,015,000 PRN   SOLE   2,015,000 0 0
JPMorgan 7.9% Perp/Call 4/18 - PFD 46625HHA1 2,635 2,440,000 PRN   SOLE   2,440,000 0 0
So. Cal Edison 6.25% Perp/Call PFD 842400FU2 1,114 1,000,000 PRN   SOLE   1,000,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 5,461 5,495,000 PRN   SOLE   5,495,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 593 540,000 PRN   SOLE   540,000 0 0