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 593 300 SH   SOLE   300 0 0
3M Company COM 88579y101 13,449 89,276 SH   SOLE   89,276 0 0
ABB Ltd-Spon ADR COM 000375204 3,203 180,649 SH   SOLE   180,649 0 0
AGL Resources Inc COM 001204106 4,085 64,026 SH   SOLE   64,026 0 0
ASML Holding NV-NY Reg Shs COM n07059210 226 2,543 SH   SOLE   2,543 0 0
AT&T Inc COM 00206r102 6,798 197,550 SH   SOLE   197,550 0 0
AbbVie Inc COM 00287y109 8,763 147,922 SH   SOLE   147,922 0 0
Abbott Laboratories COM 002824100 9,325 207,645 SH   SOLE   207,645 0 0
Accenture PLC-Cl A COM g1151c101 4,227 40,448 SH   SOLE   40,448 0 0
Adobe Systems Inc COM 00724f101 634 6,749 SH   SOLE   6,749 0 0
Aetna Inc COM 00817Y108 736 6,804 SH   SOLE   6,804 0 0
Aflac Inc COM 001055102 542 9,055 SH   SOLE   9,055 0 0
Agilent Technologies Inc COM 00846u101 785 18,765 SH   SOLE   18,765 0 0
Air Products & Chemicals Inc COM 009158106 5,458 41,946 SH   SOLE   41,946 0 0
Alerian MLP ETF COM 00162q866 142 11,807 SH   SOLE   11,807 0 0
Allegion PLC COM g0176j109 250 3,799 SH   SOLE   3,799 0 0
Allergan plc (new) COM g0177j108 883 2,826 SH   SOLE   2,826 0 0
Alliance Data Systems Corp COM 018581108 286 1,035 SH   SOLE   1,035 0 0
Allstate Corp COM 020002101 340 5,471 SH   SOLE   5,471 0 0
Alphabet Inc-Cl A COM 02079k305 3,955 5,084 SH   SOLE   5,084 0 0
Alphabet Inc-Cl C COM 02079k107 3,408 4,491 SH   SOLE   4,491 0 0
Altria Group Inc COM 02209s103 9,090 156,153 SH   SOLE   156,153 0 0
AmTrust Financial Services COM 032359309 236 3,832 SH   SOLE   3,832 0 0
Amarillo Gold Corp COM 02301t108 0 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 454 671 SH   SOLE   671 0 0
American Apparel Inc COM 023850100 2 83,600 SH   SOLE   83,600 0 0
American Electric Power COM 025537101 485 8,330 SH   SOLE   8,330 0 0
American Express Co COM 025816109 2,283 32,822 SH   SOLE   32,822 0 0
AmerisourceBergen Corp COM 03073e105 388 3,737 SH   SOLE   3,737 0 0
Ametek Inc COM 031100100 219 4,088 SH   SOLE   4,088 0 0
Amgen Inc COM 031162100 2,493 15,359 SH   SOLE   15,359 0 0
Anthem Inc COM 036752103 2,696 19,332 SH   SOLE   19,332 0 0
Apple Inc COM 037833100 25,911 246,159 SH   SOLE   246,159 0 0
Archer-Daniels-Midland Co COM 039483102 685 18,668 SH   SOLE   18,668 0 0
Automatic Data Processing COM 053015103 13,316 157,178 SH   SOLE   157,178 0 0
BCE Inc COM 05534b760 2,151 55,691 SH   SOLE   55,691 0 0
Bank Of Marin Bancorp/CA COM 063425102 782 14,637 SH   SOLE   14,637 0 0
Bank of America Corp COM 060505104 6,171 366,694 SH   SOLE   366,694 0 0
Baxalta Inc COM 07177m103 311 7,976 SH   SOLE   7,976 0 0
Baxter International Inc. COM 071813109 324 8,482 SH   SOLE   8,482 0 0
Becton Dickinson & Co COM 075887109 2,054 13,333 SH   SOLE   13,333 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 2,853 21,609 SH   SOLE   21,609 0 0
Biogen Idec Inc COM 09062x103 1,459 4,764 SH   SOLE   4,764 0 0
Blackrock Inc COM 09247x101 448 1,315 SH   SOLE   1,315 0 0
Blackstone Group/The COM 09253u108 488 16,705 SH   SOLE   16,705 0 0
Boeing Co COM 097023105 3,063 21,181 SH   SOLE   21,181 0 0
Bristol-Myers Squibb Co COM 110122108 19,362 281,471 SH   SOLE   281,471 0 0
Broadcom Ltd COM y09827109 237 1,631 SH   SOLE   1,631 0 0
Brown-Forman Corp -Cl B COM 115637209 224 2,257 SH   SOLE   2,257 0 0
CR Bard Inc COM 067383109 211 1,115 SH   SOLE   1,115 0 0
CVS Health Corp COM 126650100 5,461 55,857 SH   SOLE   55,857 0 0
CarMax Inc COM 143130102 202 3,743 SH   SOLE   3,743 0 0
Cardinal Health Inc COM 14149Y108 441 4,945 SH   SOLE   4,945 0 0
Carlyle Group/The COM 14309l102 665 42,550 SH   SOLE   42,550 0 0
Caterpillar Inc COM 149123101 2,141 31,510 SH   SOLE   31,510 0 0
Celgene Corp COM 151020104 809 6,756 SH   SOLE   6,756 0 0
CenterPoint Energy Inc COM 15189t107 1,693 92,201 SH   SOLE   92,201 0 0
Cerner Corp COM 156782104 2,676 44,476 SH   SOLE   44,476 0 0
Cerus Corp COM 157085101 63 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 655 8,050 SH   SOLE   8,050 0 0
Chevron Corp COM 166764100 20,640 229,437 SH   SOLE   229,437 0 0
Chubb Corp COM 171232101 3,976 29,974 SH   SOLE   29,974 0 0
Cigna Corp COM 125509109 476 3,255 SH   SOLE   3,255 0 0
Cincinnati Financial Corp COM 172062101 440 7,440 SH   SOLE   7,440 0 0
Cisco Systems Inc COM 17275R102 3,441 126,734 SH   SOLE   126,734 0 0
Citigroup Inc COM 172967424 258 4,990 SH   SOLE   4,990 0 0
Clorox Company COM 189054109 11,915 93,942 SH   SOLE   93,942 0 0
Coca-Cola Co/The COM 191216100 5,067 117,957 SH   SOLE   117,957 0 0
Colgate-Palmolive Co COM 194162103 9,174 137,702 SH   SOLE   137,702 0 0
Comcast Corp-Cl A COM 20030n101 7,768 137,653 SH   SOLE   137,653 0 0
ConAgra Foods Inc COM 205887102 1,315 31,186 SH   SOLE   31,186 0 0
ConocoPhillips COM 20825C104 7,712 165,175 SH   SOLE   165,175 0 0
Consolidated Edison Inc COM 209115104 907 14,118 SH   SOLE   14,118 0 0
Costco Wholesale Corp COM 22160K105 16,107 99,736 SH   SOLE   99,736 0 0
Crown Castle Intl Corp COM 22822v101 11,054 127,870 SH   SOLE   127,870 0 0
DTE Energy Company COM 233331107 244 3,047 SH   SOLE   3,047 0 0
Danaher Corp COM 235851102 5,131 55,238 SH   SOLE   55,238 0 0
Deere & Co COM 244199105 1,091 14,301 SH   SOLE   14,301 0 0
Diageo Plc-Sponsored ADR COM 25243q205 410 3,758 SH   SOLE   3,758 0 0
Dick's Sporting Goods Inc COM 253393102 537 15,188 SH   SOLE   15,188 0 0
Disney Co./Walt The COM 254687106 13,962 132,867 SH   SOLE   132,867 0 0
Dominion Resources Inc/Va COM 25746u109 523 7,738 SH   SOLE   7,738 0 0
Dover Corp COM 260003108 291 4,750 SH   SOLE   4,750 0 0
Dow Chemical COM 260543103 625 12,134 SH   SOLE   12,134 0 0
Dr Pepper Snapple Group Inc COM 26138e109 1,042 11,178 SH   SOLE   11,178 0 0
Du Pont (E.I.) De Nemours COM 263534109 7,773 116,704 SH   SOLE   116,704 0 0
Duke Energy Corp COM 26441c204 986 13,807 SH   SOLE   13,807 0 0
EMC Corp Mass COM 268648102 278 10,825 SH   SOLE   10,825 0 0
ETFS Physical Precious Metals COM 26922w109 295 5,650 SH   SOLE   5,650 0 0
Eaton Corp PLC COM g29183103 877 16,847 SH   SOLE   16,847 0 0
Ecolab Inc COM 278865100 9,755 85,286 SH   SOLE   85,286 0 0
Edison International COM 281020107 4,567 77,132 SH   SOLE   77,132 0 0
Electronic Arts Inc COM 285512109 254 3,690 SH   SOLE   3,690 0 0
Eli Lilly & Co COM 532457108 5,290 62,776 SH   SOLE   62,776 0 0
Emerson Electric Co COM 291011104 1,560 32,620 SH   SOLE   32,620 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 1,064 41,612 SH   SOLE   41,612 0 0
Equity Residential COM 29476l107 252 3,090 SH   SOLE   3,090 0 0
Essex Property Trust Inc COM 297178105 452 1,890 SH   SOLE   1,890 0 0
Eurasian Minerals Inc COM 29843r100 23 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 307 6,011 SH   SOLE   6,011 0 0
Express Scripts Holding Co. COM 30219g108 1,363 15,598 SH   SOLE   15,598 0 0
Exxon Mobil Corp COM 30231G102 10,126 129,906 SH   SOLE   129,906 0 0
Facebook Inc COM 30303m102 897 8,572 SH   SOLE   8,572 0 0
FedEx Corp COM 31428x106 619 4,155 SH   SOLE   4,155 0 0
First Republic Bank/San Franci COM 33616C100 219 3,317 SH   SOLE   3,317 0 0
First Solar Inc COM 336433107 219 3,325 SH   SOLE   3,325 0 0
First Trust Dividend Leaders I COM 336917109 1,295 54,635 SH   SOLE   54,635 0 0
First Trust Mid Cap Growth Alp COM 33737m102 976 33,859 SH   SOLE   33,859 0 0
First Trust Mid Cap Value ETF COM 33737m201 242 9,168 SH   SOLE   9,168 0 0
First Trust Rising Dividend Ac COM 33738r506 265 12,806 SH   SOLE   12,806 0 0
Ford Motor Co COM 345370860 796 56,474 SH   SOLE   56,474 0 0
Fortinet Inc COM 34959e109 270 8,675 SH   SOLE   8,675 0 0
Franklin Resources Inc COM 354613101 426 11,560 SH   SOLE   11,560 0 0
Freeport McMoRan Inc-B COM 35671d857 131 19,395 SH   SOLE   19,395 0 0
Frontier Communications Corp COM 35906a108 74 15,937 SH   SOLE   15,937 0 0
GaveKal Knowledge Leaders Deve COM 30151e608 274 11,050 SH   SOLE   11,050 0 0
General Dynamics Corp COM 369550108 2,150 15,655 SH   SOLE   15,655 0 0
General Electric Co COM 369604103 22,547 723,807 SH   SOLE   723,807 0 0
General Mills Inc COM 370334104 5,417 93,945 SH   SOLE   93,945 0 0
Genuine Parts Co COM 372460105 5,347 62,256 SH   SOLE   62,256 0 0
Gilead Sciences Inc COM 375558103 2,645 26,140 SH   SOLE   26,140 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 1,406 34,837 SH   SOLE   34,837 0 0
Global Brands Group Holding COM g39338101 2 10,000 SH   SOLE   10,000 0 0
Global X SuperIncome Preferred COM 37950e333 181 13,774 SH   SOLE   13,774 0 0
Goldman Sachs Group Inc COM 38141G104 452 2,506 SH   SOLE   2,506 0 0
Grainger (W.W.) Inc COM 384802104 438 2,163 SH   SOLE   2,163 0 0
Great Plains Energy Inc COM 391164100 709 25,955 SH   SOLE   25,955 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 722 4,991 SH   SOLE   4,991 0 0
Guggenheim S&P Equal Weight COM 78355w106 619 8,074 SH   SOLE   8,074 0 0
H&R Block Inc COM 093671105 331 9,950 SH   SOLE   9,950 0 0
HCP Inc COM 40414l109 5,034 131,640 SH   SOLE   131,640 0 0
HP Inc COM 40434l105 647 54,658 SH   SOLE   54,658 0 0
Harman International COM 413086109 731 7,757 SH   SOLE   7,757 0 0
Hess Corp COM 42809h107 349 7,200 SH   SOLE   7,200 0 0
Hewlett Packard Enterprise COM 42824c109 842 55,407 SH   SOLE   55,407 0 0
Home Depot Inc COM 437076102 9,291 70,252 SH   SOLE   70,252 0 0
Honeywell International Inc COM 438516106 5,262 50,809 SH   SOLE   50,809 0 0
Hormel Foods Corp COM 440452100 722 9,136 SH   SOLE   9,136 0 0
Hubbell Inc COM 443510607 202 2,000 SH   SOLE   2,000 0 0
ICON PLC COM g4705a100 233 2,996 SH   SOLE   2,996 0 0
Illinois Tool Works COM 452308109 694 7,487 SH   SOLE   7,487 0 0
Illumina Inc COM 452327109 296 1,541 SH   SOLE   1,541 0 0
Ingersoll-Rand PLC COM g47791101 1,521 27,509 SH   SOLE   27,509 0 0
Integral Technologies Inc COM 45810j103 7 17,000 SH   SOLE   17,000 0 0
Intel Corp COM 458140100 14,128 410,115 SH   SOLE   410,115 0 0
Intl Business Machines Corp COM 459200101 5,308 38,570 SH   SOLE   38,570 0 0
Intl Flavors & Fragrances COM 459506101 757 6,325 SH   SOLE   6,325 0 0
Intrexon Corp COM 46122t102 316 10,490 SH   SOLE   10,490 0 0
Intuit Inc COM 461202103 253 2,621 SH   SOLE   2,621 0 0
Ivanhoe Mines Ltd COM 46579r104 52 113,385 SH   SOLE   113,385 0 0
JPMorgan Chase & Co COM 46625H100 8,397 127,170 SH   SOLE   127,170 0 0
Jacobs Engineering Group Inc COM 469814107 316 7,538 SH   SOLE   7,538 0 0
Johnson & Johnson COM 478160104 23,636 230,097 SH   SOLE   230,097 0 0
Johnson Controls Inc COM 478366107 1,291 32,693 SH   SOLE   32,693 0 0
Keysight Technologies Inc COM 49338l103 229 8,081 SH   SOLE   8,081 0 0
Kimberly-Clark Corp COM 494368103 13,783 108,272 SH   SOLE   108,272 0 0
Kinder Morgan Inc COM 49456b101 3,699 247,892 SH   SOLE   247,892 0 0
Kohl's Corp COM 500255104 227 4,775 SH   SOLE   4,775 0 0
Kraft Heinz Co/The COM 500754106 2,223 30,557 SH   SOLE   30,557 0 0
L-3 Communications Holdings COM 502424104 329 2,756 SH   SOLE   2,756 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 2,052 16,597 SH   SOLE   16,597 0 0
Lam Research Corp COM 512807108 399 5,023 SH   SOLE   5,023 0 0
Leggett & Platt Inc COM 524660107 406 9,666 SH   SOLE   9,666 0 0
Li & Fung Ltd COM g5485f169 7 10,000 SH   SOLE   10,000 0 0
Linn Energy LLC-Units COM 536020100 15 11,600 SH   SOLE   11,600 0 0
Lockheed Martin Corp COM 539830109 3,544 16,322 SH   SOLE   16,322 0 0
Lowe's Cos Inc COM 548661107 4,326 56,887 SH   SOLE   56,887 0 0
Lululemon Athletica Inc COM 550021109 408 7,784 SH   SOLE   7,784 0 0
Macy's Inc COM 55616p104 959 27,423 SH   SOLE   27,423 0 0
Manulife Financial Corp COM 56501r106 552 36,834 SH   SOLE   36,834 0 0
Marathon Petroleum Corp COM 56585a102 345 6,664 SH   SOLE   6,664 0 0
Market Vectors Pharmaceutical COM 57060u217 504 7,713 SH   SOLE   7,713 0 0
Marriott International-Cl A COM 571903202 2,202 32,849 SH   SOLE   32,849 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,094 24,470 SH   SOLE   24,470 0 0
McDonald's Corp COM 580135101 11,465 97,043 SH   SOLE   97,043 0 0
McGraw-Hill Financial Inc COM 580645109 1,137 11,535 SH   SOLE   11,535 0 0
Medical Properties Trust Inc COM 58463j304 198 17,169 SH   SOLE   17,169 0 0
Medtronic PLC COM g5960l103 6,545 85,093 SH   SOLE   85,093 0 0
Merck & Co. Inc. COM 58933y105 7,268 137,591 SH   SOLE   137,591 0 0
Microsoft Corp COM 594918104 10,473 188,774 SH   SOLE   188,774 0 0
Middleby Corp COM 596278101 200 1,855 SH   SOLE   1,855 0 0
Mondelez International COM 609207105 2,467 55,012 SH   SOLE   55,012 0 0
Morgan Stanley COM 617446448 2,322 72,987 SH   SOLE   72,987 0 0
Mylan NV COM n59465109 2,176 40,250 SH   SOLE   40,250 0 0
NXP Semiconductors Nv COM n6596x109 640 7,594 SH   SOLE   7,594 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 4,378 58,825 SH   SOLE   58,825 0 0
NextEra Energy Inc COM 65339f101 11,786 113,451 SH   SOLE   113,451 0 0
Nike Inc -Cl B COM 654106103 9,902 158,437 SH   SOLE   158,437 0 0
Nordstrom Inc COM 655664100 349 7,013 SH   SOLE   7,013 0 0
Norfolk Southern Corp COM 655844108 360 4,260 SH   SOLE   4,260 0 0
Novartis Ag-ADR COM 66987v109 3,792 44,074 SH   SOLE   44,074 0 0
Novo-Nordisk A/S-Spons ADR COM 670100205 254 4,365 SH   SOLE   4,365 0 0
Occidental Petroleum Corp COM 674599105 6,071 89,791 SH   SOLE   89,791 0 0
Ocean Power Corp COM 674869201 0 201,576 SH   SOLE   201,576 0 0
Oracle Corp COM 68389x105 4,454 121,915 SH   SOLE   121,915 0 0
P G & E Corp COM 69331c108 643 12,084 SH   SOLE   12,084 0 0
PMC - Sierra Inc COM 69344f106 166 14,318 SH   SOLE   14,318 0 0
PPG Industries Inc COM 693506107 432 4,370 SH   SOLE   4,370 0 0
Paccar Inc COM 693718108 1,367 28,843 SH   SOLE   28,843 0 0
Palo Alto Networks COM 697435105 922 5,232 SH   SOLE   5,232 0 0
Pentair PLC COM g7s00t104 283 5,711 SH   SOLE   5,711 0 0
PepsiCo Inc COM 713448108 8,178 81,846 SH   SOLE   81,846 0 0
Pfizer Inc COM 717081103 8,134 251,990 SH   SOLE   251,990 0 0
Philip Morris International COM 718172109 2,042 23,228 SH   SOLE   23,228 0 0
Phillips 66 COM 718546104 257 3,137 SH   SOLE   3,137 0 0
Piedmont Office Realty Trust COM 720190206 396 21,000 SH   SOLE   21,000 0 0
Potash Corp Of Saskatchewan COM 73755l107 411 24,015 SH   SOLE   24,015 0 0
PowerShares Buyback Achievers COM 73935x286 228 5,010 SH   SOLE   5,010 0 0
PowerShares Preferred Portfoli COM 73936t565 6,968 466,093 SH   SOLE   466,093 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 2,933 26,218 SH   SOLE   26,218 0 0
Praxair Inc COM 74005p104 2,080 20,310 SH   SOLE   20,310 0 0
Preferred Apartment Communitie COM 74039l103 3,147 240,600 SH   SOLE   240,600 0 0
ProLogis Inc COM 74340w103 468 10,911 SH   SOLE   10,911 0 0
Procter & Gamble Co COM 742718109 21,696 273,220 SH   SOLE   273,220 0 0
Public Service Enterprise Grou COM 744573106 1,804 46,633 SH   SOLE   46,633 0 0
Qualcomm Inc COM 747525103 250 5,009 SH   SOLE   5,009 0 0
Quest Diagnostics COM 74834l100 222 3,125 SH   SOLE   3,125 0 0
Realty Income Corp COM 756109104 9,274 179,632 SH   SOLE   179,632 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 705 1,299 SH   SOLE   1,299 0 0
Retail Properties of America COM 76131v202 560 37,893 SH   SOLE   37,893 0 0
Robert Half Intl Inc COM 770323103 258 5,483 SH   SOLE   5,483 0 0
Roche Holdings LTD-Spons ADR COM 771195104 3,331 96,635 SH   SOLE   96,635 0 0
Roper Technologies Inc COM 776696106 237 1,249 SH   SOLE   1,249 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 777 16,969 SH   SOLE   16,969 0 0
SAP SE-Sponsored ADR COM 803054204 693 8,756 SH   SOLE   8,756 0 0
SPDR Consumer Discretionary Se COM 81369y407 5,776 73,900 SH   SOLE   73,900 0 0
SPDR Consumer Staples Select S COM 81369y308 4,632 91,739 SH   SOLE   91,739 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 804 4,621 SH   SOLE   4,621 0 0
SPDR Energy Select Sector COM 81369y506 10,874 180,273 SH   SOLE   180,273 0 0
SPDR Financial Select Sector COM 81369y605 3,941 165,361 SH   SOLE   165,361 0 0
SPDR Gold Trust COM 78463v107 1,274 12,560 SH   SOLE   12,560 0 0
SPDR Health Care Select Sector COM 81369y209 6,270 87,046 SH   SOLE   87,046 0 0
SPDR Industrial Select Sector COM 81369y704 3,850 72,631 SH   SOLE   72,631 0 0
SPDR Materials Select Sector COM 81369y100 1,250 28,792 SH   SOLE   28,792 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 7,424 36,416 SH   SOLE   36,416 0 0
SPDR S&P Biotech ETF COM 78464a870 324 4,615 SH   SOLE   4,615 0 0
SPDR S&P Dividend ETF COM 78464a763 9,464 128,644 SH   SOLE   128,644 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 8,809 34,677 SH   SOLE   34,677 0 0
SPDR Technology Select Sector COM 81369y803 8,197 191,388 SH   SOLE   191,388 0 0
SPDR Utilities Select Sector COM 81369y886 947 21,884 SH   SOLE   21,884 0 0
Salesforce.Com Inc COM 79466l302 1,418 18,087 SH   SOLE   18,087 0 0
Sanofi-ADR COM 80105n105 3,607 84,570 SH   SOLE   84,570 0 0
Scana Corp COM 80589m102 780 12,899 SH   SOLE   12,899 0 0
Scandium International Mining COM 80600l109 2 23,400 SH   SOLE   23,400 0 0
Schlumberger Ltd COM 806857108 559 8,015 SH   SOLE   8,015 0 0
Schwab (Charles) Corp COM 808513105 727 22,072 SH   SOLE   22,072 0 0
Schwab US Broad Market ETF COM 808524102 1,628 33,193 SH   SOLE   33,193 0 0
Schwab US Dividend Equity ETF COM 808524797 4,743 122,999 SH   SOLE   122,999 0 0
Schwab US Large-Cap ETF COM 808524201 1,813 37,320 SH   SOLE   37,320 0 0
Schwab US Mid-Cap ETF COM 808524508 1,145 28,582 SH   SOLE   28,582 0 0
Sempra Energy COM 816851109 1,840 19,577 SH   SOLE   19,577 0 0
Sherwin-Williams Co COM 824348106 337 1,300 SH   SOLE   1,300 0 0
Sierra Vista Bank COM 82651b105 76 20,000 SH   SOLE   20,000 0 0
Silvercorp Metals Inc COM 82835p103 5 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 225 1,155 SH   SOLE   1,155 0 0
Southern Co COM 842587107 2,280 48,731 SH   SOLE   48,731 0 0
Southwest Airlines COM 844741108 300 6,962 SH   SOLE   6,962 0 0
Spectra Energy Corp COM 847560109 2,015 84,163 SH   SOLE   84,163 0 0
Spectral Medical Inc COM 847577103 15 25,000 SH   SOLE   25,000 0 0
Sprott Physical Gold Trust COM 85207h104 120 13,737 SH   SOLE   13,737 0 0
Sprott Resource Corp COM 85207d103 179 526,834 SH   SOLE   526,834 0 0
St Jude Medical Inc COM 790849103 685 11,089 SH   SOLE   11,089 0 0
Stanley Black & Decker Inc COM 854502101 5,376 50,371 SH   SOLE   50,371 0 0
Starbucks Corp COM 855244109 6,265 104,370 SH   SOLE   104,370 0 0
State Street Corp COM 857477103 228 3,430 SH   SOLE   3,430 0 0
Synaptics Inc COM 87157d109 210 2,609 SH   SOLE   2,609 0 0
Sysco Corp COM 871829107 531 12,951 SH   SOLE   12,951 0 0
T Rowe Price Group Inc COM 74144t108 545 7,623 SH   SOLE   7,623 0 0
TD Ameritrade Holding Corp COM 87236y108 1,628 46,910 SH   SOLE   46,910 0 0
TJX Companies Inc COM 872540109 493 6,949 SH   SOLE   6,949 0 0
Target Corp COM 87612e106 7,891 108,677 SH   SOLE   108,677 0 0
Taseko Mines Ltd COM 876511106 14 40,000 SH   SOLE   40,000 0 0
Teco Energy Inc COM 872375100 4,273 160,320 SH   SOLE   160,320 0 0
Tesla Motors Inc COM 88160r101 504 2,098 SH   SOLE   2,098 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 488 7,438 SH   SOLE   7,438 0 0
Texas Instruments Inc COM 882508104 334 6,100 SH   SOLE   6,100 0 0
Thermo Fisher Scientific Inc COM 883556102 246 1,732 SH   SOLE   1,732 0 0
Time Warner Inc COM 887317303 1,259 19,462 SH   SOLE   19,462 0 0
Toronto-Dominion Bank COM 891160509 3,672 93,755 SH   SOLE   93,755 0 0
Toyota Motor Corp -Spon ADR COM 892331307 2,126 17,276 SH   SOLE   17,276 0 0
Travelers Cos Inc/The COM 89417e109 3,478 30,819 SH   SOLE   30,819 0 0
Tri-Valley Corporation COM 895735108 198 30,600 SH   SOLE   30,600 0 0
Twenty-First Century Fox-B (fo COM 90130a200 1,996 73,303 SH   SOLE   73,303 0 0
U S Bancorp COM 902973304 2,136 50,063 SH   SOLE   50,063 0 0
UDR Inc COM 902653104 266 7,080 SH   SOLE   7,080 0 0
Unilever N V -NY Shares COM 904784709 3,449 79,613 SH   SOLE   79,613 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,857 43,066 SH   SOLE   43,066 0 0
Union Pacific Corp COM 907818108 1,726 22,070 SH   SOLE   22,070 0 0
United Parcel Service-Cl B COM 911312106 8,171 84,910 SH   SOLE   84,910 0 0
United Technologies Corp COM 913017109 2,813 29,281 SH   SOLE   29,281 0 0
UnitedHealth Group Inc COM 91324P102 1,345 11,430 SH   SOLE   11,430 0 0
VF Corporation COM 918204108 411 6,606 SH   SOLE   6,606 0 0
Valero Energy Corp COM 91913Y100 251 3,550 SH   SOLE   3,550 0 0
Vanguard Consumer Discretionar COM 92204a108 404 3,301 SH   SOLE   3,301 0 0
Vanguard Consumer Staples Vipe COM 92204a207 276 2,135 SH   SOLE   2,135 0 0
Vanguard Dividend Appreciation COM 921908844 622 8,001 SH   SOLE   8,001 0 0
Vanguard FTSE Developed Market COM 921943858 1,452 39,549 SH   SOLE   39,549 0 0
Vanguard FTSE Emerging Markets COM 922042858 986 30,137 SH   SOLE   30,137 0 0
Vanguard Health Care Vipers COM 92204a504 272 2,050 SH   SOLE   2,050 0 0
Vanguard High Div Yield ETF COM 921946406 1,636 24,516 SH   SOLE   24,516 0 0
Vanguard Info Tech Vipers COM 92204a702 506 4,670 SH   SOLE   4,670 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 281 3,000 SH   SOLE   3,000 0 0
Vanguard Mid-Cap COM 922908629 3,232 26,908 SH   SOLE   26,908 0 0
Vanguard REIT COM 922908553 357 4,480 SH   SOLE   4,480 0 0
Vanguard Small-Cap Vipers COM 922908751 3,709 33,520 SH   SOLE   33,520 0 0
Vanguard Total Stock Market COM 922908769 12,529 120,128 SH   SOLE   120,128 0 0
Varian Medical Systems Inc COM 92220P105 1,421 17,592 SH   SOLE   17,592 0 0
Verisk Analytics Inc-Class A COM 92345Y106 273 3,550 SH   SOLE   3,550 0 0
Verizon Communications Inc COM 92343v104 24,965 540,129 SH   SOLE   540,129 0 0
Visa Inc-Class A Shares COM 92826c839 877 11,312 SH   SOLE   11,312 0 0
Vornado Realty Trust COM 929042109 6,271 62,734 SH   SOLE   62,734 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
WEC Energy Group Inc COM 92939u106 4,823 94,000 SH   SOLE   94,000 0 0
Wal-Mart Stores Inc COM 931142103 1,069 17,433 SH   SOLE   17,433 0 0
Walgreens Boots Alliance Inc COM 931427108 11,133 130,735 SH   SOLE   130,735 0 0
Waste Management Inc COM 94106l109 9,381 175,778 SH   SOLE   175,778 0 0
Wells Fargo & Company COM 949746101 33,949 624,513 SH   SOLE   624,513 0 0
Westamerica Bancorportaion COM 957090103 604 12,922 SH   SOLE   12,922 0 0
Weyerhaeuser Co COM 962166104 787 26,265 SH   SOLE   26,265 0 0
Whirlpool Corp COM 963320106 2,006 13,656 SH   SOLE   13,656 0 0
White Mountains Insurance Grou COM g9618e107 700 963 SH   SOLE   963 0 0
Whole Foods Market Inc COM 966837106 4,547 135,739 SH   SOLE   135,739 0 0
Williams Cos Inc COM 969457100 4,962 193,077 SH   SOLE   193,077 0 0
Williams-Sonoma Inc COM 969904101 1,580 27,050 SH   SOLE   27,050 0 0
WisdomTree MidCap Div Index COM 97717w505 239 2,968 SH   SOLE   2,968 0 0
Xcel Energy Inc COM 98389b100 412 11,465 SH   SOLE   11,465 0 0
Yahoo! Inc COM 984332106 848 25,500 SH   SOLE   25,500 0 0
Yum! Brands Inc COM 988498101 310 4,249 SH   SOLE   4,249 0 0
Zimmer Biomet Holdings Inc COM 98956p102 1,915 18,665 SH   SOLE   18,665 0 0
iShares DJ Select Dividend Ind COM 464287168 6,268 83,402 SH   SOLE   83,402 0 0
iShares DJ US Energy Sector COM 464287796 874 25,805 SH   SOLE   25,805 0 0
iShares DJ US Financial Sect COM 464287788 1,044 11,817 SH   SOLE   11,817 0 0
iShares DJ US Health Car Pro COM 464288828 255 2,052 SH   SOLE   2,052 0 0
iShares DJ US Telecommunicatio COM 464287713 669 23,229 SH   SOLE   23,229 0 0
iShares DJ US Transport Index COM 464287192 952 7,066 SH   SOLE   7,066 0 0
iShares Goldman Sachs Tech I COM 464287721 258 2,410 SH   SOLE   2,410 0 0
iShares MSCI EAFE Index COM 464287465 1,203 20,487 SH   SOLE   20,487 0 0
iShares MSCI Emerging Markets COM 464287234 389 12,095 SH   SOLE   12,095 0 0
iShares MSCI Singapore Index COM 464286673 143 13,900 SH   SOLE   13,900 0 0
iShares MSCI USA Quality Facto COM 46432f339 946 14,655 SH   SOLE   14,655 0 0
iShares Nasdaq Biotech Index F COM 464287556 5,807 17,162 SH   SOLE   17,162 0 0
iShares Russell 1000 Growth COM 464287614 753 7,571 SH   SOLE   7,571 0 0
iShares Russell 1000 Value COM 464287598 227 2,318 SH   SOLE   2,318 0 0
iShares Russell 2000 Index Fun COM 464287655 401 3,563 SH   SOLE   3,563 0 0
iShares Russell Midcap Index COM 464287499 315 1,969 SH   SOLE   1,969 0 0
iShares Russell Midcap Value I COM 464287473 280 4,080 SH   SOLE   4,080 0 0
iShares S&P 100 Index Fund COM 464287101 1,763 19,340 SH   SOLE   19,340 0 0
iShares S&P 500 Index Fund COM 464287200 560 2,733 SH   SOLE   2,733 0 0
iShares S&P Europe 350 COM 464287861 562 14,014 SH   SOLE   14,014 0 0
iShares S&P Global 100 COM 464287572 628 8,621 SH   SOLE   8,621 0 0
iShares S&P Midcap 400 COM 464287507 1,313 9,422 SH   SOLE   9,422 0 0
iShares S&P Midcap 400/Value COM 464287705 383 3,270 SH   SOLE   3,270 0 0
iShares S&P SmallCap 600 COM 464287804 544 4,937 SH   SOLE   4,937 0 0
iShares S&P US Preferred Stock COM 464288687 9,421 242,500 SH   SOLE   242,500 0 0
AEGON 8.00% 2042 Notes Call 08 PFD 007924608 3,406 123,681 SH   SOLE   123,681 0 0
AON Cap 8.205% 1/27 Non-Call B PFD 22532r101 2,214 72,459 SH   SOLE   72,459 0 0
Affiliated Mgrs Grp 6.375% SrN PFD 008252876 352 13,206 SH   SOLE   13,206 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 297 10,748 SH   SOLE   10,748 0 0
Allied Capital ARCC6.875% 4/20 PFD 01903q207 283 11,109 SH   SOLE   11,109 0 0
American Capital Agency 8.0% P PFD 02503x204 912 35,984 SH   SOLE   35,984 0 0
American Capital Agncy 7.75% P PFD 02503x303 548 23,165 SH   SOLE   23,165 0 0
Amtrust Financial 7.25% CUM QD PFD 032359507 283 11,181 SH   SOLE   11,181 0 0
Amtrust Financial 7.5% QDI Cal PFD 032359887 2,519 99,120 SH   SOLE   99,120 0 0
Amtrust Financial 7.50%Nts 205 PFD 032359853 297 11,325 SH   SOLE   11,325 0 0
Amtrust Financial 7.625%CUM QD PFD 032359705 3,384 132,383 SH   SOLE   132,383 0 0
Annaly Capital 7.625% Perp Cl PFD 035710706 227 9,683 SH   SOLE   9,683 0 0
Arbor Realty 8.50% CUM Perp Ca PFD 038923801 243 9,659 SH   SOLE   9,659 0 0
Arch Capital 6.75% BBB QDI Cl PFD g0450a204 773 28,743 SH   SOLE   28,743 0 0
Argo Group 6.5% Sr Notes Call PFD 040130205 1,393 54,748 SH   SOLE   54,748 0 0
Ashford Hospitality 9.0% NR Ca PFD 044103505 886 34,950 SH   SOLE   34,950 0 0
Aspen Insurance 7.25% Call07/2 PFD g05384147 7,552 287,360 SH   SOLE   287,360 0 0
Aspen Insurance 7.401% Call 07 PFD g05384139 502 19,920 SH   SOLE   19,920 0 0
Aviva 8.25% 12/2041 Call 12/20 PFD 05382a203 3,197 120,774 SH   SOLE   120,774 0 0
Axis Capital 6.875% Cl 4/17 QD PFD g0692u307 604 22,509 SH   SOLE   22,509 0 0
BB&T Capital 5.625% Call 8/201 PFD 054937404 235 9,000 SH   SOLE   9,000 0 0
BGC Partners 8.125% 2042 Call PFD 05541t408 4,566 169,691 SH   SOLE   169,691 0 0
Banc of California 7.375% Cal2 PFD 05990k882 3,610 139,062 SH   SOLE   139,062 0 0
Banc of California 8.00% Call9 PFD 05990k403 2,193 82,506 SH   SOLE   82,506 0 0
Bank of America 4.0%Min Float PFD 060505815 231 10,308 SH   SOLE   10,308 0 0
Bank of America 6.5% Prp Cl 1/ PFD 060505310 562 21,029 SH   SOLE   21,029 0 0
Bank of America 6.625% Prp/Cl PFD 060505344 2,296 85,879 SH   SOLE   85,879 0 0
Bank of America 6.625%Prp Cl 1 PFD 060505740 676 25,252 SH   SOLE   25,252 0 0
Barclays 7.75% Prp Cl 9/13 BB PFD 06739h511 673 25,550 SH   SOLE   25,550 0 0
Barclays 8.125% Perp/Cl 3/14 B PFD 06739h362 658 24,800 SH   SOLE   24,800 0 0
Barclays Bank 7.1% Prp Call 12 PFD 06739h776 891 34,315 SH   SOLE   34,315 0 0
BlueRock Residential Growth 8. PFD 09627j508 1,577 62,344 SH   SOLE   62,344 0 0
CBL & Associates 6.5% Perp CUM PFD 124830803 232 9,293 SH   SOLE   9,293 0 0
CHS Chemical 7.50% Cl 1/2025 C PFD 12542r803 4,453 164,639 SH   SOLE   164,639 0 0
CHS Chemicals 6.75% Perp cl 20 PFD 12542r704 298 11,098 SH   SOLE   11,098 0 0
CHS Chemicals 7.875% Perp cl 2 PFD 12542r308 259 8,997 SH   SOLE   8,997 0 0
Capital One Finl 6.7%Prp Call PFD 14040h709 1,296 47,033 SH   SOLE   47,033 0 0
CenturyLink Quest 7.0%SnNts Cl PFD 74913g501 2,879 110,805 SH   SOLE   110,805 0 0
CenturyLink Quest7.375% 6/51 C PFD 74913g204 926 36,430 SH   SOLE   36,430 0 0
Chesapeake Lodging 7.75% PerpC PFD 165240201 4,135 160,078 SH   SOLE   160,078 0 0
Citigroup 5.8% B1 Call 4/18 QD PFD 172967366 273 10,504 SH   SOLE   10,504 0 0
Citigroup 7.125% Flt Aftr 9/23 PFD 172967358 6,370 227,419 SH   SOLE   227,419 0 0
Citigroup Tst 7.875% Cl2015 Li PFD 173080201 298 11,480 SH   SOLE   11,480 0 0
Colony Financial7.125%Perp CUM PFD 19624r403 985 44,975 SH   SOLE   44,975 0 0
Colony Financial7.50% Perp CUM PFD 19624r304 552 22,571 SH   SOLE   22,571 0 0
Colony Financial8.50% Perp CUM PFD 19624r205 1,015 40,647 SH   SOLE   40,647 0 0
CoreEnergy 7.375% Pfd - Par Ca PFD 21870u304 584 32,049 SH   SOLE   32,049 0 0
Corporate Office Prop 7.375% C PFD 22002t884 1,862 72,242 SH   SOLE   72,242 0 0
Costamare 7.625% CUM QDI Perp PFD y1771g110 387 22,563 SH   SOLE   22,563 0 0
Costamare 8.50% CUM QDI Perp C PFD y1771g128 2,168 115,792 SH   SOLE   115,792 0 0
Cowen 8.25% Senior Notes Due 1 PFD 223622309 1,435 56,556 SH   SOLE   56,556 0 0
CubeSmart 7.75%CUM Call 11/2/2 PFD 229663208 468 17,893 SH   SOLE   17,893 0 0
DTE Energy 6.5% Jr Sub Call 12 PFD 233331602 1,489 56,075 SH   SOLE   56,075 0 0
Deutsche Bank 8.05% PrpCl6/18 PFD 25150l108 2,962 109,051 SH   SOLE   109,051 0 0
Deutsche Bk Tst6.55%Perp Cl 5/ PFD 25153x208 611 23,826 SH   SOLE   23,826 0 0
Deutsche Bnk 7.6% Prp Cl 2/18 PFD 25154a108 1,412 53,413 SH   SOLE   53,413 0 0
Digital Realty 6.625% Perp CUM PFD 253868806 457 17,463 SH   SOLE   17,463 0 0
Digital Realty 7.0% Perp Call PFD 253868707 3,463 134,068 SH   SOLE   134,068 0 0
Digital Realty 7.375% Perp CUM PFD 253868871 1,097 40,713 SH   SOLE   40,713 0 0
Discover Financial 6.50%Perp Q PFD 254709207 2,143 81,049 SH   SOLE   81,049 0 0
Dynagas LNG 9.0% QDI CUM cl 2 PFD Y2188b116 1,003 53,071 SH   SOLE   53,071 0 0
EaglePoint Credit 7%SrNts 12/3 PFD 269809208 609 24,500 SH   SOLE   24,500 0 0
EaglePoint Credit 7.75%2022 CU PFD 269809109 1,391 54,773 SH   SOLE   54,773 0 0
Endurance Specialty 7.5% Cl 6/ PFD g30397304 2,296 88,970 SH   SOLE   88,970 0 0
Equity Comwlth 7.25% CUM Perp/ PFD 294628409 520 20,306 SH   SOLE   20,306 0 0
EverBank Financial 6.75% Perp PFD 29977g201 321 12,657 SH   SOLE   12,657 0 0
First Republic 7.0% Cl 12/18 B PFD 33616c860 5,034 180,999 SH   SOLE   180,999 0 0
First Republic Bank 6.2% Cl 6/ PFD 33616c407 562 21,460 SH   SOLE   21,460 0 0
First Republic Bank 6.70% Cl20 PFD 33616c209 2,402 92,448 SH   SOLE   92,448 0 0
GaslLog Ltd 8.75% Ser A CUM QD PFD g37585117 858 43,100 SH   SOLE   43,100 0 0
General Growth Prop 6.375% Cl PFD 370023202 370 14,800 SH   SOLE   14,800 0 0
Global Indemnity SrNts7.75% Ca PFD g39319119 1,490 62,505 SH   SOLE   62,505 0 0
Goldman 5.5% Flt Aftr 5/23 Cl PFD 38145g308 1,862 71,910 SH   SOLE   71,910 0 0
GoldmanSachs Lib+75 Min3.75% C PFD 38143y665 613 30,894 SH   SOLE   30,894 0 0
HSBC 6.36% Perp Callable NCU Q PFD 40429c607 748 29,145 SH   SOLE   29,145 0 0
HSBC Hldgs 8.0% Prp Cl 12/15 B PFD 404280802 3,172 121,678 SH   SOLE   121,678 0 0
Hanover Insurance6.35% Cl3/18 PFD 410867204 852 33,466 SH   SOLE   33,466 0 0
Hartford Finl 7.875% 2042 call PFD 416518504 1,421 44,969 SH   SOLE   44,969 0 0
Hatteras Financial 7.625% CUM PFD 41902r400 1,008 43,008 SH   SOLE   43,008 0 0
ING Grp NV 7.20%Pfd Perp/Cl l2 PFD 456837301 282 10,838 SH   SOLE   10,838 0 0
Investors REIT 7.95% Perp CUM PFD 461730301 1,398 54,827 SH   SOLE   54,827 0 0
JMP Group 8.00% SrDeb Due1/202 PFD 46629u206 420 16,907 SH   SOLE   16,907 0 0
JPMorgan Chase 6.70%Perp/Call PFD 48127a161 1,813 65,980 SH   SOLE   65,980 0 0
KKR Financial 7.50% SrNts Call PFD 48248a504 5,081 194,149 SH   SOLE   194,149 0 0
KKR Financial 8.375%SrNts Call PFD 48248a405 1,317 49,755 SH   SOLE   49,755 0 0
Kinder Morgan 9.75%CnvPfd 10/2 PFD 49456b200 228 5,650 SH   SOLE   5,650 0 0
LaSalle Hotel 7.50% Perp CUM C PFD 517942702 2,044 81,265 SH   SOLE   81,265 0 0
M&T Bank 6.375% Cl 11/18 BBB- PFD 55261f708 504 494 SH   SOLE   494 0 0
MFA Financial 7.5% Prp Cl 4/15 PFD 55272x409 214 8,926 SH   SOLE   8,926 0 0
Maiden Hldgs 8.00%rSNts 2042 c PFD 56029q309 2,272 86,301 SH   SOLE   86,301 0 0
Maiden Hldgs 8.25%SrNts 2041 c PFD 56029q200 908 35,370 SH   SOLE   35,370 0 0
Maiden Holdings 7.125%PrpCl 12 PFD g5753u138 598 23,750 SH   SOLE   23,750 0 0
Maiden Holdings 8.25%Prp Cl8/2 PFD g5753u120 2,013 76,400 SH   SOLE   76,400 0 0
MetLife 3MoLibor+100 Min 4.0% PFD 59156r504 247 9,876 SH   SOLE   9,876 0 0
Morgan Stanley 3MoLib+70bp 4%F PFD 61747s504 487 23,413 SH   SOLE   23,413 0 0
Morgan Stanley 7.125%Flt Aftr1 PFD 61762v200 3,992 139,433 SH   SOLE   139,433 0 0
National General Ins 7.50% Cal PFD 636220808 2,911 115,138 SH   SOLE   115,138 0 0
National General Ins 7.50% Cal PFD 636220709 2,531 98,311 SH   SOLE   98,311 0 0
National General Ins 7.62% Cal PFD 636220873 1,215 49,460 SH   SOLE   49,460 0 0
New York MtgTrust 7.875%Perp C PFD 649604808 254 13,539 SH   SOLE   13,539 0 0
NewTek Business Svs 7.50$ due PFD 652526302 380 14,611 SH   SOLE   14,611 0 0
News Corp 7.00% 12/1/2095 call PFD 863117206 264 10,503 SH   SOLE   10,503 0 0
NorthStar Realty Fin 8.50% CUM PFD 66705V209 305 13,272 SH   SOLE   13,272 0 0
NuStar Logistics 7.625%Nts Cl PFD 67059t204 964 46,546 SH   SOLE   46,546 0 0
Oxford Lane Cap8.125% Cl6/2017 PFD 691543409 269 10,635 SH   SOLE   10,635 0 0
PS Business Parks 6.0% Cl 5/20 PFD 69360j685 310 12,129 SH   SOLE   12,129 0 0
Partner Re 7.25% Call 06/21 BB PFD g68603508 6,244 218,564 SH   SOLE   218,564 0 0
Pebblebrook Hotel 8.00%Perp Cu PFD 70509v308 3,761 145,677 SH   SOLE   145,677 0 0
Pebblebrook Hotel7.875%PerpCum PFD 70509v209 806 32,071 SH   SOLE   32,071 0 0
Penn Real Estate 8.25% CIM Per PFD 709102404 258 9,991 SH   SOLE   9,991 0 0
Penn RealEstate 7.375%CUM Perp PFD 709102503 717 28,445 SH   SOLE   28,445 0 0
Pitney Bowes 6.7% Cl 3/7/18 PFD 724479506 350 13,000 SH   SOLE   13,000 0 0
Prudential PLC 6.75% PrpCl 9/0 PFD g7293h114 683 25,803 SH   SOLE   25,803 0 0
Public Storage 6.35% Call 7/16 PFD 74460d125 759 29,281 SH   SOLE   29,281 0 0
Public Storage 6.50% Call 4/20 PFD 74460d141 984 38,708 SH   SOLE   38,708 0 0
Quest USWest SnNotes 7.0% 2052 PFD 74913G402 1,299 50,590 SH   SOLE   50,590 0 0
Quest USWest Sr Nts6.125%Nts C PFD 74913g600 248 10,000 SH   SOLE   10,000 0 0
Quest USWestSnNote7.5% 2051 Cl PFD 74913g303 5,311 206,981 SH   SOLE   206,981 0 0
Quest USWestSnNotes 6.875% CL PFD 74913g105 2,236 86,850 SH   SOLE   86,850 0 0
Raymond James Financial 6.90% PFD 754730208 862 32,316 SH   SOLE   32,316 0 0
Realty Income 6.625% Call 2/17 PFD 756109807 286 10,809 SH   SOLE   10,809 0 0
Regency Centers 6.00% Perp CUM PFD 758849806 440 17,518 SH   SOLE   17,518 0 0
Regions Financial 6.375% Cl 12 PFD 7591ep308 444 16,850 SH   SOLE   16,850 0 0
Reinsurance Group of Amer 6.2% PFD 759351703 363 12,500 SH   SOLE   12,500 0 0
Retail Properties of Amer 7.0% PFD 76131v608 449 17,500 SH   SOLE   17,500 0 0
SL Green Realty 6.5% Perp CUM PFD 78440x507 2,136 83,906 SH   SOLE   83,906 0 0
Seaspan 7.95% 12/2049 Call 1/2 PFD y75638208 271 11,967 SH   SOLE   11,967 0 0
Seaspan 8.25% Perp CUM QDI Cal PFD y75638133 1,913 81,445 SH   SOLE   81,445 0 0
Seaspan 9.50% 1/2049 Call 1/20 PFD B643v81 299 11,985 SH   SOLE   11,985 0 0
SoCalEd 5.375% CUM cl 2025 QDI PFD 78409g206 708 26,062 SH   SOLE   26,062 0 0
Solar Capital 6.75% Cl 11/17 PFD 83413u308 307 12,350 SH   SOLE   12,350 0 0
Southern Cal Ed 6.5% $100 Cl3/ PFD 842400723 685 6,640 SH   SOLE   6,640 0 0
Summit Hotel (INN)7.125%Perp C PFD 866082407 730 28,087 SH   SOLE   28,087 0 0
Summit Hotel 7.875% Perp CUM C PFD 866082308 2,695 104,458 SH   SOLE   104,458 0 0
Sunstone Hotel 8.00% Perp CUM PFD 867592507 855 33,861 SH   SOLE   33,861 0 0
Taubman Centers 6.5% CUM NA Cl PFD 876664608 239 9,351 SH   SOLE   9,351 0 0
Telephone & Data 6.875% Cl 11/ PFD 879433845 2,914 115,350 SH   SOLE   115,350 0 0
Telephone & Data 7.0% Cl 3/16 PFD 879433837 828 32,942 SH   SOLE   32,942 0 0
TravelCenters America 8.00%SrN PFD 894174309 2,677 108,000 SH   SOLE   108,000 0 0
TravelCenters SnNotes 8% 10/20 PFD 894174408 1,443 58,765 SH   SOLE   58,765 0 0
Triancgle Capitl 6.375%Sr Note PFD 895848406 876 34,350 SH   SOLE   34,350 0 0
TriplePoint Venture BDC 6.75% PFD 89677y209 498 19,750 SH   SOLE   19,750 0 0
US Bancorp 6.5% Flt Aftr 1/22 PFD 902973833 1,303 45,369 SH   SOLE   45,369 0 0
US Celllular SrNts 7.25% 2063 PFD 911684504 477 18,600 SH   SOLE   18,600 0 0
US Cellular 6.95%SrNT 2060 Cl PFD 911684405 489 19,385 SH   SOLE   19,385 0 0
US Cellular 7.25% SrNts12/2064 PFD 911684603 450 17,925 SH   SOLE   17,925 0 0
VEREIT Inc 6.70% Perp CUM Cl 2 PFD 92339v209 269 10,926 SH   SOLE   10,926 0 0
Vornado Realty 5.7% Prp Cl 7/1 PFD 929042851 299 11,834 SH   SOLE   11,834 0 0
Vornado Realty 6.875% Prp/Cl 4 PFD 929042869 2,720 106,336 SH   SOLE   106,336 0 0
Wells Fargo 5.85%Flt Aftr 9/23 PFD 949746556 228 8,731 SH   SOLE   8,731 0 0
Wells Fargo 6.375% Cl 12/19 BB PFD 94988n207 787 30,100 SH   SOLE   30,100 0 0
Wells Fargo 7.5% Cnv/Prp$1000 PFD 949746804 12,762 10,992 SH   SOLE   10,992 0 0
Wells Fargo 8.00% Prp Cl12/17 PFD 949746879 10,362 369,020 SH   SOLE   369,020 0 0
WinTrust Financial 6.50% Call PFD 97650w405 206 7,740 SH   SOLE   7,740 0 0
Charles Schwab 7% Perp/Call 2/ PFD 808513AE5 1,911 1,682,000 PRN   SOLE   1,682,000 0 0
Citigroup Inc 5.95% Perp Call PFD 172967GD7 585 595,000 PRN   SOLE   595,000 0 0
Citigroup Inc 6.125% Perp Call PFD 172967KD2 254 250,000 PRN   SOLE   250,000 0 0
Citigroup Perp/Call 5/23 @ 100 PFD 172967GR6 587 620,000 PRN   SOLE   620,000 0 0
GE Cap Corp 4.00% Perp/Call 6/ PFD 369604BM4 2,093 2,093,450 PRN   SOLE   2,093,450 0 0
GE Cap Corp 4.10% Perp/Call 12 PFD 369604BN2 235 236,000 PRN   SOLE   236,000 0 0
JPMorgan 6.0% Perp/Call 8/23 - PFD 48126HAA8 1,014 1,015,000 PRN   SOLE   1,015,000 0 0
JPMorgan 7.9% Perp/Call 4/18 - PFD 46625HHA1 2,180 2,145,000 PRN   SOLE   2,145,000 0 0
So. Cal Edison 6.25% Perp/Call PFD 842400FU2 771 700,000 PRN   SOLE   700,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 5,147 5,375,000 PRN   SOLE   5,375,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 478 460,000 PRN   SOLE   460,000 0 0