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 640 300 SH   SOLE   300 0 0
3M Company COM 88579y101 15,940 95,661 SH   SOLE   95,661 0 0
ABB Ltd-Spon ADR COM 000375204 3,458 178,083 SH   SOLE   178,083 0 0
AGL Resources Inc COM 001204106 3,813 58,539 SH   SOLE   58,539 0 0
AT&T Inc COM 00206r102 8,001 204,275 SH   SOLE   204,275 0 0
AbbVie Inc COM 00287y109 9,061 158,632 SH   SOLE   158,632 0 0
Abbott Laboratories COM 002824100 9,240 220,903 SH   SOLE   220,903 0 0
Acadia Healthcare Co LTD COM 00404a109 223 4,047 SH   SOLE   4,047 0 0
Accenture PLC-Cl A COM g1151c101 4,050 35,095 SH   SOLE   35,095 0 0
Adobe Systems Inc COM 00724f101 930 9,913 SH   SOLE   9,913 0 0
Aetna Inc COM 00817Y108 766 6,815 SH   SOLE   6,815 0 0
Aflac Inc COM 001055102 735 11,637 SH   SOLE   11,637 0 0
Agilent Technologies Inc COM 00846u101 712 17,865 SH   SOLE   17,865 0 0
Air Products & Chemicals Inc COM 009158106 6,347 44,062 SH   SOLE   44,062 0 0
Allegion PLC COM g0176j109 240 3,763 SH   SOLE   3,763 0 0
Allergan plc (new) COM g0177j108 834 3,112 SH   SOLE   3,112 0 0
Allstate Corp COM 020002101 369 5,471 SH   SOLE   5,471 0 0
Alphabet Inc-Cl A COM 02079k305 5,391 7,067 SH   SOLE   7,067 0 0
Alphabet Inc-Cl C COM 02079k107 4,393 5,897 SH   SOLE   5,897 0 0
Altria Group Inc COM 02209s103 10,334 164,917 SH   SOLE   164,917 0 0
AmTrust Financial Services COM 032359309 279 10,776 SH   SOLE   10,776 0 0
Amarillo Gold Corp COM 02301t108 2 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 684 1,153 SH   SOLE   1,153 0 0
American Electric Power COM 025537101 462 6,953 SH   SOLE   6,953 0 0
American Express Co COM 025816109 1,940 31,602 SH   SOLE   31,602 0 0
AmerisourceBergen Corp COM 03073e105 263 3,037 SH   SOLE   3,037 0 0
Ametek Inc COM 031100100 204 4,088 SH   SOLE   4,088 0 0
Amgen Inc COM 031162100 2,284 15,234 SH   SOLE   15,234 0 0
Anthem Inc COM 036752103 2,427 17,464 SH   SOLE   17,464 0 0
Apple Inc COM 037833100 28,369 260,293 SH   SOLE   260,293 0 0
Archer-Daniels-Midland Co COM 039483102 722 19,889 SH   SOLE   19,889 0 0
Automatic Data Processing COM 053015103 14,600 162,742 SH   SOLE   162,742 0 0
BCE Inc COM 05534b760 2,261 49,653 SH   SOLE   49,653 0 0
Bank Of Marin Bancorp/CA COM 063425102 713 14,485 SH   SOLE   14,485 0 0
Bank of America Corp COM 060505104 5,253 388,537 SH   SOLE   388,537 0 0
Baxalta Inc COM 07177m103 270 6,676 SH   SOLE   6,676 0 0
Baxter International Inc. COM 071813109 331 8,057 SH   SOLE   8,057 0 0
Becton Dickinson & Co COM 075887109 2,417 15,917 SH   SOLE   15,917 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 3,159 22,262 SH   SOLE   22,262 0 0
Biogen Inc COM 09062x103 1,242 4,771 SH   SOLE   4,771 0 0
Blackrock Inc COM 09247x101 338 993 SH   SOLE   993 0 0
Blackstone Group/The COM 09253u108 504 17,956 SH   SOLE   17,956 0 0
Boeing Co COM 097023105 1,395 10,988 SH   SOLE   10,988 0 0
Bristol-Myers Squibb Co COM 110122108 18,509 289,751 SH   SOLE   289,751 0 0
Brown-Forman Corp -Cl B COM 115637209 276 2,802 SH   SOLE   2,802 0 0
CR Bard Inc COM 067383109 317 1,562 SH   SOLE   1,562 0 0
CVS Health Corp COM 126650100 6,490 62,566 SH   SOLE   62,566 0 0
Canadian Natl Railway Co COM 136375102 214 3,420 SH   SOLE   3,420 0 0
Cardinal Health Inc COM 14149Y108 465 5,674 SH   SOLE   5,674 0 0
Carlyle Group/The COM 14309l102 715 42,350 SH   SOLE   42,350 0 0
Caterpillar Inc COM 149123101 2,471 32,290 SH   SOLE   32,290 0 0
Celgene Corp COM 151020104 644 6,436 SH   SOLE   6,436 0 0
CenterPoint Energy Inc COM 15189t107 1,783 85,231 SH   SOLE   85,231 0 0
Cerner Corp COM 156782104 2,488 46,986 SH   SOLE   46,986 0 0
Cerus Corp COM 157085101 59 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 690 7,888 SH   SOLE   7,888 0 0
Chevron Corp COM 166764100 22,042 231,050 SH   SOLE   231,050 0 0
Chubb Ltd (new) COM h1467j104 2,620 21,992 SH   SOLE   21,992 0 0
Cigna Corp COM 125509109 579 4,220 SH   SOLE   4,220 0 0
Cincinnati Financial Corp COM 172062101 543 8,305 SH   SOLE   8,305 0 0
Cintas Corp COM 172908105 252 2,806 SH   SOLE   2,806 0 0
Cisco Systems Inc COM 17275R102 3,735 131,208 SH   SOLE   131,208 0 0
Citigroup Inc COM 172967424 227 5,440 SH   SOLE   5,440 0 0
Clorox Company COM 189054109 12,290 97,491 SH   SOLE   97,491 0 0
Coca-Cola Co/The COM 191216100 5,691 122,672 SH   SOLE   122,672 0 0
Colgate-Palmolive Co COM 194162103 9,518 134,719 SH   SOLE   134,719 0 0
Comcast Corp-Cl A COM 20030n101 8,398 137,498 SH   SOLE   137,498 0 0
ConAgra Foods Inc COM 205887102 1,378 30,886 SH   SOLE   30,886 0 0
ConocoPhillips COM 20825C104 6,254 155,312 SH   SOLE   155,312 0 0
Consolidated Edison Inc COM 209115104 509 6,645 SH   SOLE   6,645 0 0
Costco Wholesale Corp COM 22160K105 16,097 102,151 SH   SOLE   102,151 0 0
Crown Castle Intl Corp COM 22822v101 12,097 139,846 SH   SOLE   139,846 0 0
Danaher Corp COM 235851102 5,067 53,413 SH   SOLE   53,413 0 0
Deere & Co COM 244199105 1,162 15,092 SH   SOLE   15,092 0 0
Diageo Plc-Sponsored ADR COM 25243q205 435 4,028 SH   SOLE   4,028 0 0
Dick's Sporting Goods Inc COM 253393102 710 15,188 SH   SOLE   15,188 0 0
Disney Co./Walt The COM 254687106 15,403 155,096 SH   SOLE   155,096 0 0
Dominion Resources Inc/Va COM 25746u109 579 7,702 SH   SOLE   7,702 0 0
Dover Corp COM 260003108 357 5,555 SH   SOLE   5,555 0 0
Dow Chemical COM 260543103 542 10,648 SH   SOLE   10,648 0 0
Dr Pepper Snapple Group Inc COM 26138e109 991 11,077 SH   SOLE   11,077 0 0
Du Pont (E.I.) De Nemours COM 263534109 7,166 113,166 SH   SOLE   113,166 0 0
Duke Energy Corp COM 26441c204 860 10,660 SH   SOLE   10,660 0 0
EMC Corp Mass COM 268648102 328 12,307 SH   SOLE   12,307 0 0
ETFS Physical Precious Metals COM 26922w109 335 5,650 SH   SOLE   5,650 0 0
Eaton Corp PLC COM g29183103 909 14,535 SH   SOLE   14,535 0 0
Ecolab Inc COM 278865100 10,166 91,159 SH   SOLE   91,159 0 0
Edison International COM 281020107 9,568 133,097 SH   SOLE   133,097 0 0
Eli Lilly & Co COM 532457108 4,501 62,500 SH   SOLE   62,500 0 0
Emerson Electric Co COM 291011104 1,862 34,240 SH   SOLE   34,240 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 1,112 45,151 SH   SOLE   45,151 0 0
Equity Residential COM 29476l107 269 3,585 SH   SOLE   3,585 0 0
Essex Property Trust Inc COM 297178105 425 1,819 SH   SOLE   1,819 0 0
Eurasian Minerals Inc COM 29843r100 35 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 353 6,056 SH   SOLE   6,056 0 0
Express Scripts Holding Co. COM 30219g108 903 13,146 SH   SOLE   13,146 0 0
Exxon Mobil Corp COM 30231G102 10,250 122,626 SH   SOLE   122,626 0 0
Facebook Inc COM 30303m102 33,615 294,607 SH   SOLE   294,607 0 0
FedEx Corp COM 31428x106 758 4,661 SH   SOLE   4,661 0 0
First Republic Bank/San Franci COM 33616C100 226 3,392 SH   SOLE   3,392 0 0
First Solar Inc COM 336433107 228 3,329 SH   SOLE   3,329 0 0
First Trust Mid Cap Growth Alp COM 33737m102 995 34,459 SH   SOLE   34,459 0 0
First Trust Mid Cap Value ETF COM 33737m201 258 9,168 SH   SOLE   9,168 0 0
First Trust Morningstar Divide COM 336917109 1,371 53,466 SH   SOLE   53,466 0 0
First Trust Rising Dividend Ac COM 33738r506 273 13,134 SH   SOLE   13,134 0 0
Ford Motor Co COM 345370860 674 49,959 SH   SOLE   49,959 0 0
Fortinet Inc COM 34959e109 263 8,575 SH   SOLE   8,575 0 0
Franklin Resources Inc COM 354613101 459 11,753 SH   SOLE   11,753 0 0
Freeport McMoRan Inc-B COM 35671d857 179 17,340 SH   SOLE   17,340 0 0
Frontier Communications Corp COM 35906a108 423 75,598 SH   SOLE   75,598 0 0
GaveKal Knowledge Leaders Deve COM 30151e608 279 11,050 SH   SOLE   11,050 0 0
General Dynamics Corp COM 369550108 2,072 15,771 SH   SOLE   15,771 0 0
General Electric Co COM 369604103 23,709 745,801 SH   SOLE   745,801 0 0
General Mills Inc COM 370334104 6,449 101,798 SH   SOLE   101,798 0 0
Genuine Parts Co COM 372460105 6,406 64,469 SH   SOLE   64,469 0 0
Gilead Sciences Inc COM 375558103 2,950 32,118 SH   SOLE   32,118 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 1,176 28,993 SH   SOLE   28,993 0 0
Global Brands Group Holding COM g39338101 1 10,000 SH   SOLE   10,000 0 0
Goldman Sachs Group Inc COM 38141G104 393 2,506 SH   SOLE   2,506 0 0
Grainger (W.W.) Inc COM 384802104 598 2,563 SH   SOLE   2,563 0 0
Great Plains Energy Inc COM 391164100 986 30,560 SH   SOLE   30,560 0 0
Groupon Inc COM 399473107 271 68,000 SH   SOLE   68,000 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 725 4,991 SH   SOLE   4,991 0 0
Guggenheim S&P Equal Weight COM 78355w106 612 7,799 SH   SOLE   7,799 0 0
H&R Block Inc COM 093671105 267 10,101 SH   SOLE   10,101 0 0
HCP Inc REIT COM 40414l109 4,607 141,392 SH   SOLE   141,392 0 0
HP Inc COM 40434l105 159 12,946 SH   SOLE   12,946 0 0
Harman International COM 413086109 657 7,375 SH   SOLE   7,375 0 0
Hess Corp COM 42809h107 379 7,200 SH   SOLE   7,200 0 0
Hewlett Packard Enterprise COM 42824c109 227 12,790 SH   SOLE   12,790 0 0
Home Depot Inc COM 437076102 10,408 78,004 SH   SOLE   78,004 0 0
Honeywell International Inc COM 438516106 5,425 48,411 SH   SOLE   48,411 0 0
Hormel Foods Corp COM 440452100 934 21,602 SH   SOLE   21,602 0 0
ICON PLC COM g4705a100 248 3,296 SH   SOLE   3,296 0 0
Illinois Tool Works COM 452308109 831 8,108 SH   SOLE   8,108 0 0
Illumina Inc COM 452327109 360 2,219 SH   SOLE   2,219 0 0
Ingersoll-Rand PLC COM g47791101 1,699 27,404 SH   SOLE   27,404 0 0
Integral Technologies Inc COM 45810j103 4 17,000 SH   SOLE   17,000 0 0
Intel Corp COM 458140100 13,367 413,186 SH   SOLE   413,186 0 0
Intl Business Machines Corp COM 459200101 5,570 36,779 SH   SOLE   36,779 0 0
Intl Flavors & Fragrances COM 459506101 705 6,200 SH   SOLE   6,200 0 0
Intrexon Corp COM 46122t102 370 10,930 SH   SOLE   10,930 0 0
Ivanhoe Mines Ltd COM 46579r104 156 240,000 SH   SOLE   240,000 0 0
JPMorgan Chase & Co COM 46625H100 8,091 136,626 SH   SOLE   136,626 0 0
Jacobs Engineering Group Inc COM 469814107 315 7,223 SH   SOLE   7,223 0 0
Johnson & Johnson COM 478160104 26,025 240,529 SH   SOLE   240,529 0 0
Johnson Controls Inc COM 478366107 1,433 36,778 SH   SOLE   36,778 0 0
Keysight Technologies Inc COM 49338l103 224 8,081 SH   SOLE   8,081 0 0
Kimberly-Clark Corp COM 494368103 15,838 117,746 SH   SOLE   117,746 0 0
Kinder Morgan Inc COM 49456b101 4,875 272,951 SH   SOLE   272,951 0 0
Kraft Heinz Co/The COM 500754106 2,447 31,150 SH   SOLE   31,150 0 0
L-3 Communications Holdings COM 502424104 327 2,756 SH   SOLE   2,756 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 1,887 16,107 SH   SOLE   16,107 0 0
Lam Research Corp COM 512807108 370 4,483 SH   SOLE   4,483 0 0
Leggett & Platt Inc COM 524660107 530 10,960 SH   SOLE   10,960 0 0
Li & Fung Ltd COM g5485f169 6 10,000 SH   SOLE   10,000 0 0
Lockheed Martin Corp COM 539830109 3,772 17,031 SH   SOLE   17,031 0 0
Lowe's Cos Inc COM 548661107 4,460 58,874 SH   SOLE   58,874 0 0
Lululemon Athletica Inc COM 550021109 522 7,710 SH   SOLE   7,710 0 0
Macy's Inc COM 55616p104 1,284 29,121 SH   SOLE   29,121 0 0
Manulife Financial Corp COM 56501r106 511 36,158 SH   SOLE   36,158 0 0
Marathon Petroleum Corp COM 56585a102 275 7,399 SH   SOLE   7,399 0 0
Marriott International-Cl A COM 571903202 2,472 34,729 SH   SOLE   34,729 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,493 25,060 SH   SOLE   25,060 0 0
McDonald's Corp COM 580135101 12,152 96,691 SH   SOLE   96,691 0 0
Medical Properties Trust Inc COM 58463j304 223 17,169 SH   SOLE   17,169 0 0
Medtronic PLC COM g5960l103 6,357 84,763 SH   SOLE   84,763 0 0
Merck & Co. Inc. COM 58933y105 7,570 143,080 SH   SOLE   143,080 0 0
Microsoft Corp COM 594918104 12,336 223,363 SH   SOLE   223,363 0 0
Molson Coors Brewing Co -B COM 60871r209 296 3,076 SH   SOLE   3,076 0 0
Mondelez International COM 609207105 2,282 56,883 SH   SOLE   56,883 0 0
Morgan Stanley COM 617446448 1,784 71,334 SH   SOLE   71,334 0 0
Mylan NV COM n59465109 1,574 33,949 SH   SOLE   33,949 0 0
NXP Semiconductors Nv COM n6596x109 525 6,478 SH   SOLE   6,478 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 4,192 56,179 SH   SOLE   56,179 0 0
NextEra Energy Inc COM 65339f101 13,222 111,727 SH   SOLE   111,727 0 0
Nike Inc -Cl B COM 654106103 9,859 160,387 SH   SOLE   160,387 0 0
Nordstrom Inc COM 655664100 460 8,040 SH   SOLE   8,040 0 0
Norfolk Southern Corp COM 655844108 353 4,245 SH   SOLE   4,245 0 0
Novartis Ag-ADR COM 66987v109 3,411 47,088 SH   SOLE   47,088 0 0
Novo-Nordisk A/S-Spons ADR COM 670100205 240 4,431 SH   SOLE   4,431 0 0
Nucor Corp COM 670346105 250 5,294 SH   SOLE   5,294 0 0
Occidental Petroleum Corp COM 674599105 5,829 85,180 SH   SOLE   85,180 0 0
Oracle Corp COM 68389x105 4,978 121,675 SH   SOLE   121,675 0 0
P G & E Corp COM 69331c108 597 9,991 SH   SOLE   9,991 0 0
PPG Industries Inc COM 693506107 439 3,937 SH   SOLE   3,937 0 0
Paccar Inc COM 693718108 1,553 28,395 SH   SOLE   28,395 0 0
Palo Alto Networks COM 697435105 941 5,768 SH   SOLE   5,768 0 0
Parker-Hannifin Corp COM 701094104 220 1,980 SH   SOLE   1,980 0 0
Pentair PLC COM g7s00t104 360 6,632 SH   SOLE   6,632 0 0
PepsiCo Inc COM 713448108 9,129 89,076 SH   SOLE   89,076 0 0
Pfizer Inc COM 717081103 7,967 268,790 SH   SOLE   268,790 0 0
Philip Morris International COM 718172109 2,972 30,290 SH   SOLE   30,290 0 0
Phillips 66 COM 718546104 291 3,357 SH   SOLE   3,357 0 0
Piedmont Office Realty Trust COM 720190206 386 19,000 SH   SOLE   19,000 0 0
Potash Corp Of Saskatchewan COM 73755l107 357 20,969 SH   SOLE   20,969 0 0
PowerShares Buyback Achievers COM 73935x286 227 5,010 SH   SOLE   5,010 0 0
PowerShares Preferred Portfoli COM 73936t565 8,218 550,788 SH   SOLE   550,788 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 3,466 31,743 SH   SOLE   31,743 0 0
Praxair Inc COM 74005p104 2,349 20,520 SH   SOLE   20,520 0 0
Preferred Apartment Communitie COM 74039l103 3,159 249,150 SH   SOLE   249,150 0 0
ProLogis Inc COM 74340w103 480 10,862 SH   SOLE   10,862 0 0
Procter & Gamble Co COM 742718109 23,566 286,305 SH   SOLE   286,305 0 0
Public Service Enterprise Grou COM 744573106 2,147 45,555 SH   SOLE   45,555 0 0
Qualcomm Inc COM 747525103 346 6,770 SH   SOLE   6,770 0 0
Quest Diagnostics COM 74834l100 243 3,406 SH   SOLE   3,406 0 0
Realty Income Corp COM 756109104 11,476 183,593 SH   SOLE   183,593 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 391 1,084 SH   SOLE   1,084 0 0
Retail Properties of America COM 76131v202 553 34,893 SH   SOLE   34,893 0 0
Robert Half Intl Inc COM 770323103 255 5,483 SH   SOLE   5,483 0 0
Roche Holdings LTD-Spons ADR COM 771195104 2,830 92,395 SH   SOLE   92,395 0 0
Rockwell Collins Inc. COM 774341101 267 2,900 SH   SOLE   2,900 0 0
Roper Technologies Inc COM 776696106 233 1,273 SH   SOLE   1,273 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 535 11,045 SH   SOLE   11,045 0 0
Rydex S&P Equal Weight Energy COM 78355w866 209 4,317 SH   SOLE   4,317 0 0
S&P Global Inc COM 78409v104 1,073 10,840 SH   SOLE   10,840 0 0
SAP SE-Sponsored ADR COM 803054204 694 8,631 SH   SOLE   8,631 0 0
SPDR Consumer Discretionary Se COM 81369y407 6,511 82,313 SH   SOLE   82,313 0 0
SPDR Consumer Staples Select S COM 81369y308 4,911 92,548 SH   SOLE   92,548 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 816 4,621 SH   SOLE   4,621 0 0
SPDR Energy Select Sector COM 81369y506 11,962 193,283 SH   SOLE   193,283 0 0
SPDR Financial Select Sector COM 81369y605 3,731 165,842 SH   SOLE   165,842 0 0
SPDR Gold Trust COM 78463v107 1,766 15,015 SH   SOLE   15,015 0 0
SPDR Health Care Select Sector COM 81369y209 6,390 94,270 SH   SOLE   94,270 0 0
SPDR Industrial Select Sector COM 81369y704 4,512 81,336 SH   SOLE   81,336 0 0
SPDR Materials Select Sector COM 81369y100 1,295 28,903 SH   SOLE   28,903 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 7,120 34,644 SH   SOLE   34,644 0 0
SPDR S&P Biotech ETF COM 78464a870 238 4,615 SH   SOLE   4,615 0 0
SPDR S&P Dividend ETF COM 78464a763 11,085 138,686 SH   SOLE   138,686 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 9,417 35,843 SH   SOLE   35,843 0 0
SPDR Technology Select Sector COM 81369y803 8,994 202,761 SH   SOLE   202,761 0 0
SPDR Utilities Select Sector COM 81369y886 1,086 21,886 SH   SOLE   21,886 0 0
Salesforce.Com Inc COM 79466l302 1,977 26,784 SH   SOLE   26,784 0 0
Sanofi-ADR COM 80105n105 3,625 90,265 SH   SOLE   90,265 0 0
Scana Corp COM 80589m102 882 12,574 SH   SOLE   12,574 0 0
Scandium International Mining COM 80600l109 3 23,400 SH   SOLE   23,400 0 0
Schlumberger Ltd COM 806857108 664 9,003 SH   SOLE   9,003 0 0
Schwab (Charles) Corp COM 808513105 761 27,172 SH   SOLE   27,172 0 0
Schwab US Broad Market ETF COM 808524102 1,508 30,593 SH   SOLE   30,593 0 0
Schwab US Dividend Equity ETF COM 808524797 5,097 127,131 SH   SOLE   127,131 0 0
Schwab US Large-Cap ETF COM 808524201 1,767 36,179 SH   SOLE   36,179 0 0
Schwab US Mid-Cap ETF COM 808524508 1,164 28,673 SH   SOLE   28,673 0 0
Sempra Energy COM 816851109 1,473 14,152 SH   SOLE   14,152 0 0
Sherwin-Williams Co COM 824348106 430 1,509 SH   SOLE   1,509 0 0
Siemens Ag-Spons ADR COM 826197501 227 2,149 SH   SOLE   2,149 0 0
Sierra Vista Bank COM 82651b105 77 20,000 SH   SOLE   20,000 0 0
Silvercorp Metals Inc COM 82835p103 14 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 362 1,743 SH   SOLE   1,743 0 0
Southern Co COM 842587107 2,323 44,906 SH   SOLE   44,906 0 0
Southwest Airlines COM 844741108 323 7,210 SH   SOLE   7,210 0 0
Spectra Energy Corp COM 847560109 3,529 115,325 SH   SOLE   115,325 0 0
Spectral Medical Inc COM 847577103 15 25,000 SH   SOLE   25,000 0 0
Sprott Resource Corp COM 85207d103 195 526,834 SH   SOLE   526,834 0 0
St Jude Medical Inc COM 790849103 663 12,057 SH   SOLE   12,057 0 0
Stanley Black & Decker Inc COM 854502101 5,361 50,951 SH   SOLE   50,951 0 0
Starbucks Corp COM 855244109 6,462 108,245 SH   SOLE   108,245 0 0
State Street Corp COM 857477103 201 3,430 SH   SOLE   3,430 0 0
Stryker Corp COM 863667101 207 1,930 SH   SOLE   1,930 0 0
Sysco Corp COM 871829107 681 14,576 SH   SOLE   14,576 0 0
T Rowe Price Group Inc COM 74144t108 620 8,441 SH   SOLE   8,441 0 0
TJX Companies Inc COM 872540109 537 6,856 SH   SOLE   6,856 0 0
Target Corp COM 87612e106 9,103 110,636 SH   SOLE   110,636 0 0
Taseko Mines Ltd COM 876511106 23 40,000 SH   SOLE   40,000 0 0
Tesla Motors Inc COM 88160r101 609 2,650 SH   SOLE   2,650 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 499 9,327 SH   SOLE   9,327 0 0
Texas Instruments Inc COM 882508104 404 7,037 SH   SOLE   7,037 0 0
Thermo Fisher Scientific Inc COM 883556102 253 1,788 SH   SOLE   1,788 0 0
Time Warner Inc COM 887317303 1,801 24,827 SH   SOLE   24,827 0 0
Toronto-Dominion Bank COM 891160509 3,995 92,636 SH   SOLE   92,636 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,886 17,738 SH   SOLE   17,738 0 0
Travelers Cos Inc/The COM 89417e109 3,591 30,772 SH   SOLE   30,772 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
Twenty-First Century Fox-B (fo COM 90130a200 1,965 69,670 SH   SOLE   69,670 0 0
U S Bancorp COM 902973304 2,135 52,592 SH   SOLE   52,592 0 0
UDR Inc COM 902653104 273 7,080 SH   SOLE   7,080 0 0
Unilever N V -NY Shares COM 904784709 4,007 89,693 SH   SOLE   89,693 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,971 43,630 SH   SOLE   43,630 0 0
Union Pacific Corp COM 907818108 1,845 23,191 SH   SOLE   23,191 0 0
United Parcel Service-Cl B COM 911312106 8,823 83,650 SH   SOLE   83,650 0 0
United Technologies Corp COM 913017109 2,996 29,932 SH   SOLE   29,932 0 0
UnitedHealth Group Inc COM 91324P102 1,504 11,664 SH   SOLE   11,664 0 0
VF Corporation COM 918204108 457 7,053 SH   SOLE   7,053 0 0
Valero Energy Corp COM 91913Y100 234 3,650 SH   SOLE   3,650 0 0
VanEck Vectors Pharmaceutical COM 92189f692 423 7,348 SH   SOLE   7,348 0 0
Vanguard Consumer Discretionar COM 92204a108 435 3,504 SH   SOLE   3,504 0 0
Vanguard Consumer Staples Vipe COM 92204a207 289 2,135 SH   SOLE   2,135 0 0
Vanguard Developed Mkts COM 921943858 1,026 28,590 SH   SOLE   28,590 0 0
Vanguard Dividend Appreciation COM 921908844 642 7,904 SH   SOLE   7,904 0 0
Vanguard Emerging Mkts COM 922042858 645 18,643 SH   SOLE   18,643 0 0
Vanguard Health Care Vipers COM 92204a504 253 2,050 SH   SOLE   2,050 0 0
Vanguard High Div Yield ETF COM 921946406 2,348 34,007 SH   SOLE   34,007 0 0
Vanguard Info Tech Vipers COM 92204a702 515 4,705 SH   SOLE   4,705 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 282 3,000 SH   SOLE   3,000 0 0
Vanguard Mid-Cap COM 922908629 3,306 27,272 SH   SOLE   27,272 0 0
Vanguard REIT COM 922908553 469 5,594 SH   SOLE   5,594 0 0
Vanguard Small-Cap Vipers COM 922908751 3,481 31,226 SH   SOLE   31,226 0 0
Vanguard Total Stock Market COM 922908769 13,539 129,163 SH   SOLE   129,163 0 0
Vanguard Value Vipers COM 922908744 236 2,866 SH   SOLE   2,866 0 0
Varian Medical Systems Inc COM 92220P105 1,591 19,883 SH   SOLE   19,883 0 0
Verisk Analytics Inc-Class A COM 92345Y106 509 6,368 SH   SOLE   6,368 0 0
Verizon Communications Inc COM 92343v104 30,307 560,407 SH   SOLE   560,407 0 0
Violin Memory Inc COM 92763a101 175 335,000 SH   SOLE   335,000 0 0
Visa Inc-Class A Shares COM 92826c839 1,002 13,100 SH   SOLE   13,100 0 0
Vornado Realty Trust COM 929042109 6,009 63,636 SH   SOLE   63,636 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
WEC Energy Group Inc COM 92939u106 5,584 92,961 SH   SOLE   92,961 0 0
Wal-Mart Stores Inc COM 931142103 1,337 19,519 SH   SOLE   19,519 0 0
Walgreens Boots Alliance Inc COM 931427108 11,048 131,145 SH   SOLE   131,145 0 0
Waste Management Inc COM 94106l109 10,859 184,059 SH   SOLE   184,059 0 0
Wells Fargo & Company COM 949746101 31,461 650,548 SH   SOLE   650,548 0 0
Westamerica Bancorportaion COM 957090103 634 13,020 SH   SOLE   13,020 0 0
Weyerhaeuser Co COM 962166104 945 30,504 SH   SOLE   30,504 0 0
Whirlpool Corp COM 963320106 2,864 15,882 SH   SOLE   15,882 0 0
White Mountains Insurance Grou COM g9618e107 714 890 SH   SOLE   890 0 0
Whole Foods Market Inc COM 966837106 4,081 131,193 SH   SOLE   131,193 0 0
Williams Cos Inc COM 969457100 3,040 189,152 SH   SOLE   189,152 0 0
Williams-Sonoma Inc COM 969904101 2,117 38,667 SH   SOLE   38,667 0 0
WisdomTree MidCap Div Index COM 97717w505 256 2,972 SH   SOLE   2,972 0 0
Xcel Energy Inc COM 98389b100 228 5,461 SH   SOLE   5,461 0 0
Yahoo! Inc COM 984332106 931 25,285 SH   SOLE   25,285 0 0
Yum! Brands Inc COM 988498101 381 4,658 SH   SOLE   4,658 0 0
Zimmer Biomet Holdings Inc COM 98956p102 2,038 19,115 SH   SOLE   19,115 0 0
iShares DJ Select Dividend Ind COM 464287168 7,002 85,738 SH   SOLE   85,738 0 0
iShares DJ US Energy Sector COM 464287796 900 25,865 SH   SOLE   25,865 0 0
iShares DJ US Financial Sect COM 464287788 1,003 11,850 SH   SOLE   11,850 0 0
iShares DJ US Health Car Pro COM 464288828 250 2,052 SH   SOLE   2,052 0 0
iShares DJ US Telecommunicatio COM 464287713 859 27,941 SH   SOLE   27,941 0 0
iShares DJ US Transport Index COM 464287192 1,318 9,256 SH   SOLE   9,256 0 0
iShares Goldman Sachs Tech I COM 464287721 261 2,410 SH   SOLE   2,410 0 0
iShares MSCI EAFE Index COM 464287465 991 17,343 SH   SOLE   17,343 0 0
iShares MSCI Emerging Markets COM 464287234 314 9,176 SH   SOLE   9,176 0 0
iShares MSCI Singapore Index COM 464286673 111 10,200 SH   SOLE   10,200 0 0
iShares MSCI USA Quality Facto COM 46432f339 994 15,143 SH   SOLE   15,143 0 0
iShares Nasdaq Biotech Index F COM 464287556 4,746 18,196 SH   SOLE   18,196 0 0
iShares Russell 1000 Growth COM 464287614 679 6,808 SH   SOLE   6,808 0 0
iShares Russell 1000 Value COM 464287598 244 2,471 SH   SOLE   2,471 0 0
iShares Russell 2000 Index Fun COM 464287655 407 3,680 SH   SOLE   3,680 0 0
iShares Russell Midcap Index COM 464287499 262 1,609 SH   SOLE   1,609 0 0
iShares S&P 100 Index Fund COM 464287101 1,784 19,525 SH   SOLE   19,525 0 0
iShares S&P 500 Index Fund COM 464287200 523 2,533 SH   SOLE   2,533 0 0
iShares S&P Europe 350 COM 464287861 579 14,814 SH   SOLE   14,814 0 0
iShares S&P Global 100 COM 464287572 607 8,446 SH   SOLE   8,446 0 0
iShares S&P Midcap 400 COM 464287507 1,434 9,949 SH   SOLE   9,949 0 0
iShares S&P Midcap 400/Value COM 464287705 406 3,270 SH   SOLE   3,270 0 0
iShares S&P SmallCap 600 COM 464287804 523 4,650 SH   SOLE   4,650 0 0
iShares S&P US Preferred Stock COM 464288687 9,347 239,472 SH   SOLE   239,472 0 0
AEGON 8.00% 2042 Notes Call 08 PFD 007924608 3,246 120,281 SH   SOLE   120,281 0 0
AON Cap 8.205% 1/27 Non-Call B PFD 22532r101 2,215 71,659 SH   SOLE   71,659 0 0
Affiliated Mgrs Grp 6.375% SrN PFD 008252876 347 13,206 SH   SOLE   13,206 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 282 10,148 SH   SOLE   10,148 0 0
Allied Capital ARCC6.875% 4/20 PFD 01903q207 271 10,634 SH   SOLE   10,634 0 0
American Capital Agency 8.0% P PFD 02503x204 993 38,609 SH   SOLE   38,609 0 0
American Capital Agncy 7.75% P PFD 02503x303 593 24,248 SH   SOLE   24,248 0 0
Amtrust Financial 7.25% CUM QD PFD 032359507 283 11,221 SH   SOLE   11,221 0 0
Amtrust Financial 7.25% SrNt C PFD 032359861 265 10,700 SH   SOLE   10,700 0 0
Amtrust Financial 7.5% QDI Cal PFD 032359887 2,555 100,695 SH   SOLE   100,695 0 0
Amtrust Financial 7.50%Nts 205 PFD 032359853 334 13,275 SH   SOLE   13,275 0 0
Amtrust Financial 7.625%CUM QD PFD 032359705 3,568 140,536 SH   SOLE   140,536 0 0
Amtrust Financial 7.75% QDI Ca PFD 032359846 1,175 46,275 SH   SOLE   46,275 0 0
Annaly Capital 7.625% Perp Cl PFD 035710706 247 9,983 SH   SOLE   9,983 0 0
Arbor Realty 8.50% CUM Perp Ca PFD 038923801 236 9,723 SH   SOLE   9,723 0 0
Arch Capital 6.75% BBB QDI Cl PFD g0450a204 861 32,343 SH   SOLE   32,343 0 0
Argo Group 6.5% Sr Notes Call PFD 040130205 1,662 65,313 SH   SOLE   65,313 0 0
Ashford Hospitality 9.0% NR Ca PFD 044103505 915 38,299 SH   SOLE   38,299 0 0
Aspen Insurance 7.25% Call07/2 PFD g05384147 7,963 301,610 SH   SOLE   301,610 0 0
Aspen Insurance 7.401% Call 07 PFD g05384139 469 19,020 SH   SOLE   19,020 0 0
Aviva 8.25% 12/2041 Call 12/20 PFD 05382a203 2,938 111,589 SH   SOLE   111,589 0 0
Axis Capital 6.875% Cl 4/17 QD PFD g0692u307 627 24,222 SH   SOLE   24,222 0 0
BB&T Capital 5.625% Call 8/201 PFD 054937404 235 9,157 SH   SOLE   9,157 0 0
BGC Partners 8.125% 2042 Call PFD 05541t408 4,708 180,390 SH   SOLE   180,390 0 0
BancOfCalifornia 7.00% Cal2021 PFD 05990k874 232 9,150 SH   SOLE   9,150 0 0
BancOfCalifornia 7.375% Ca2020 PFD 05990k882 4,203 162,170 SH   SOLE   162,170 0 0
BancOfCalifornia 8.00% Cal2018 PFD 05990k403 2,199 82,506 SH   SOLE   82,506 0 0
Bank of America 4.0%Min Float PFD 060505815 226 10,308 SH   SOLE   10,308 0 0
Bank of America 6.5% Prp Cl 1/ PFD 060505310 551 20,814 SH   SOLE   20,814 0 0
Bank of America 6.625% Prp/Cl PFD 060505344 2,861 106,795 SH   SOLE   106,795 0 0
Bank of America 6.625%Prp Cl 1 PFD 060505740 644 24,320 SH   SOLE   24,320 0 0
Barclays 8.125% Perp/Cl 3/14 B PFD 06739h362 581 22,225 SH   SOLE   22,225 0 0
Barclays Bank 7.1% Prp Call 12 PFD 06739h776 751 29,391 SH   SOLE   29,391 0 0
BlueRock Residential Growth 8. PFD 09627j508 1,676 66,466 SH   SOLE   66,466 0 0
CBL & Associates 6.5% Perp CUM PFD 124830803 252 10,551 SH   SOLE   10,551 0 0
CHS Chemical 7.50% Cl 1/2025 C PFD 12542r803 5,797 208,300 SH   SOLE   208,300 0 0
CHS Chemicals 6.75% Perp cl 20 PFD 12542r704 321 12,067 SH   SOLE   12,067 0 0
CHS Chemicals 7.875% Perp cl 2 PFD 12542r308 258 8,997 SH   SOLE   8,997 0 0
Capital One Finl 6.7%Prp Call PFD 14040h709 1,481 54,543 SH   SOLE   54,543 0 0
CenturyLink Quest 7.0%SnNts Cl PFD 74913g501 2,966 116,405 SH   SOLE   116,405 0 0
CenturyLink Quest7.375% 6/51 C PFD 74913g204 910 35,630 SH   SOLE   35,630 0 0
Chesapeake Lodging 7.75% PerpC PFD 165240201 4,586 174,558 SH   SOLE   174,558 0 0
Citigroup 5.8% B1 Call 4/18 QD PFD 172967366 242 9,400 SH   SOLE   9,400 0 0
Citigroup 7.125% Flt Aftr 9/23 PFD 172967358 6,997 256,024 SH   SOLE   256,024 0 0
Citigroup Tst 7.875% Cl2015 Li PFD 173080201 458 17,430 SH   SOLE   17,430 0 0
Colony Financial7.125%Perp CUM PFD 19624r403 979 44,350 SH   SOLE   44,350 0 0
Colony Financial7.50% Perp CUM PFD 19624r304 544 22,329 SH   SOLE   22,329 0 0
Colony Financial8.50% Perp CUM PFD 19624r205 1,056 42,087 SH   SOLE   42,087 0 0
CoreEnergy 7.375% Pfd - Par Ca PFD 21870u304 594 28,264 SH   SOLE   28,264 0 0
Corporate Office Prop 7.375% C PFD 22002t884 1,837 70,113 SH   SOLE   70,113 0 0
Costamare 7.625% CUM QDI Perp PFD y1771g110 333 18,748 SH   SOLE   18,748 0 0
Costamare 8.50% CUM QDI Perp C PFD y1771g128 1,941 107,492 SH   SOLE   107,492 0 0
Cowen 8.25% Senior Notes Due 1 PFD 223622309 1,504 58,856 SH   SOLE   58,856 0 0
CubeSmart 7.75%CUM Call 11/2/2 PFD 229663208 467 17,796 SH   SOLE   17,796 0 0
DTE Energy 6.5% Jr Sub Call 12 PFD 233331602 1,498 58,075 SH   SOLE   58,075 0 0
Deutsche Bank 8.05% PrpCl6/18 PFD 25150l108 1,949 77,071 SH   SOLE   77,071 0 0
Deutsche Bk Tst6.55%Perp Cl 5/ PFD 25153x208 456 18,823 SH   SOLE   18,823 0 0
Deutsche Bnk 7.6% Prp Cl 2/18 PFD 25154a108 996 39,884 SH   SOLE   39,884 0 0
Digital Realty 6.625% Perp CUM PFD 253868806 462 17,436 SH   SOLE   17,436 0 0
Digital Realty 7.0% Perp Call PFD 253868707 3,122 122,488 SH   SOLE   122,488 0 0
Digital Realty 7.375% Perp CUM PFD 253868871 1,548 55,788 SH   SOLE   55,788 0 0
Discover Financial 6.50%Perp Q PFD 254709207 2,131 79,771 SH   SOLE   79,771 0 0
Dynagas LNG 9.0% QDI CUM cl 2 PFD Y2188b116 1,120 52,921 SH   SOLE   52,921 0 0
EBAY 6.00% Sr Notes Call 3/1/2 PFD 278642202 360 14,300 SH   SOLE   14,300 0 0
EaglePoint Credit 7%SrNts 12/3 PFD 269809208 606 24,700 SH   SOLE   24,700 0 0
EaglePoint Credit 7.75%2022 CU PFD 269809109 1,758 69,440 SH   SOLE   69,440 0 0
Endurance Specialty 7.5% Cl 6/ PFD g30397304 2,227 87,220 SH   SOLE   87,220 0 0
Equity Comwlth 7.25% BB Called PFD 294628409 519 20,399 SH   SOLE   20,399 0 0
EverBank Financial 6.75% Perp PFD 29977g201 489 19,555 SH   SOLE   19,555 0 0
First Republic 7.0% Cl 12/18 B PFD 33616c860 5,384 193,931 SH   SOLE   193,931 0 0
First Republic Bank 6.2% Cl 6/ PFD 33616c407 558 21,460 SH   SOLE   21,460 0 0
First Republic Bank 6.70% Cl20 PFD 33616c209 2,369 90,923 SH   SOLE   90,923 0 0
GaslLog Ltd 8.75% Ser A CUM QD PFD g37585117 904 40,650 SH   SOLE   40,650 0 0
General Growth Prop 6.375% Cl PFD 370023202 383 14,800 SH   SOLE   14,800 0 0
Global Indemnity SrNts7.75% Ca PFD g39319119 1,521 63,395 SH   SOLE   63,395 0 0
Goldman 5.5% Flt Aftr 5/23 Cl PFD 38145g308 1,776 71,026 SH   SOLE   71,026 0 0
GoldmanSachs Lib+75 Min3.75% C PFD 38143y665 604 30,377 SH   SOLE   30,377 0 0
HSBC 6.36% Perp Callable NCU Q PFD 40429c607 730 29,110 SH   SOLE   29,110 0 0
HSBC Hldgs 8.0% Prp Cl 12/15 B PFD 404280802 3,085 117,738 SH   SOLE   117,738 0 0
Hanover Insurance6.35% Cl3/18 PFD 410867204 864 33,866 SH   SOLE   33,866 0 0
Hartford Finl 7.875% 2042 call PFD 416518504 1,404 44,969 SH   SOLE   44,969 0 0
Hatteras Financial 7.625% CUM PFD 41902r400 992 42,653 SH   SOLE   42,653 0 0
ING Grp NV 7.20%Pfd Perp/Cl l2 PFD 456837301 330 12,603 SH   SOLE   12,603 0 0
Investors REIT 7.95% Perp CUM PFD 461730301 1,411 53,879 SH   SOLE   53,879 0 0
JMP Group 8.00% SrDeb Due1/202 PFD 46629u206 400 17,357 SH   SOLE   17,357 0 0
JPMorgan Chase 6.70%Perp/Call PFD 48127a161 1,822 65,784 SH   SOLE   65,784 0 0
KKR Financial 7.50% SrNts Call PFD 48248a504 4,944 188,499 SH   SOLE   188,499 0 0
KKR Financial 8.375%SrNts Call PFD 48248a405 1,475 56,415 SH   SOLE   56,415 0 0
Kinder Morgan 9.75%CnvPfd 10/2 PFD 49456b200 238 5,279 SH   SOLE   5,279 0 0
LaSalle Hotel 6.375% Call 3/20 PFD 517942801 217 8,500 SH   SOLE   8,500 0 0
LaSalle Hotel 7.50% Perp CUM C PFD 517942702 1,896 74,761 SH   SOLE   74,761 0 0
M / I Homes 9.75% Pfd Call 11/ PFD 55305b200 342 13,684 SH   SOLE   13,684 0 0
M&T Bank 6.375% Cl 11/18 BBB- PFD 55261f708 509 494 SH   SOLE   494 0 0
MFA Financial 7.5% Prp Cl 4/15 PFD 55272x409 222 8,973 SH   SOLE   8,973 0 0
Maiden Hldgs 8.00%rSNts 2042 c PFD 56029q309 2,219 85,384 SH   SOLE   85,384 0 0
Maiden Hldgs 8.25%SrNts 2041 c PFD 56029q200 896 35,420 SH   SOLE   35,420 0 0
Maiden Holdings 7.125%PrpCl 12 PFD g5753u138 591 24,450 SH   SOLE   24,450 0 0
Maiden Holdings 8.25%Prp Cl8/2 PFD g5753u120 1,977 76,000 SH   SOLE   76,000 0 0
MetLife 3MoLibor+100 Min 4.0% PFD 59156r504 241 9,666 SH   SOLE   9,666 0 0
Morgan Stanley 3MoLib+70bp 4%F PFD 61747s504 465 22,908 SH   SOLE   22,908 0 0
Morgan Stanley 7.125%Flt Aftr1 PFD 61762v200 4,508 158,448 SH   SOLE   158,448 0 0
National General Ins 7.50% Cal PFD 636220808 2,988 116,338 SH   SOLE   116,338 0 0
National General Ins 7.50% Cal PFD 636220709 2,495 97,986 SH   SOLE   97,986 0 0
National General Ins 7.62% Cal PFD 636220873 1,376 56,642 SH   SOLE   56,642 0 0
New York MtgTrust 7.875%Perp C PFD 649604808 252 12,628 SH   SOLE   12,628 0 0
NewTek Business Svs 7.50% Nts PFD 652526302 391 15,711 SH   SOLE   15,711 0 0
News Corp 7.00% 12/1/2095 call PFD 863117206 270 10,503 SH   SOLE   10,503 0 0
NorthStar Realty Fin 8.50% CUM PFD 66705V209 298 13,207 SH   SOLE   13,207 0 0
Northstar Realty Fin 8.75% CUM PFD 66704r209 202 8,711 SH   SOLE   8,711 0 0
NuStar Logistics 7.625%Nts Cl PFD 67059t204 990 43,796 SH   SOLE   43,796 0 0
PS Business Parks 6.0% Cl 5/20 PFD 69360j685 300 11,628 SH   SOLE   11,628 0 0
Partner Re 7.25% Call 06/21 BB PFD g68603508 6,059 214,164 SH   SOLE   214,164 0 0
Pebblebrook Hotel 8.00%Perp Cu PFD 70509v308 3,733 144,792 SH   SOLE   144,792 0 0
Penn Real Estate 8.25% CIM Per PFD 709102404 264 10,075 SH   SOLE   10,075 0 0
Penn RealEstate 7.375%CUM Perp PFD 709102503 739 28,806 SH   SOLE   28,806 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 666 25,577 SH   SOLE   25,577 0 0
Public Storage 6.35% Call 7/16 PFD 74460d125 730 28,505 SH   SOLE   28,505 0 0
Public Storage 6.50% BBB+ Call PFD 74460d141 834 33,308 SH   SOLE   33,308 0 0
Quest USWest 7.0% SrNts 2056 2 PFD 74913g808 725 28,200 SH   SOLE   28,200 0 0
Quest USWest SnNotes 7.0% 2052 PFD 74913G402 1,272 49,890 SH   SOLE   49,890 0 0
Quest USWest Sr Nts6.125%Nts C PFD 74913g600 245 10,000 SH   SOLE   10,000 0 0
Quest USWestSnNote7.5% 2051 Cl PFD 74913g303 5,327 207,431 SH   SOLE   207,431 0 0
Quest USWestSnNotes 6.875% CL PFD 74913g105 2,709 106,250 SH   SOLE   106,250 0 0
Raymond James Final 6.90% 2042 PFD 754730208 837 31,916 SH   SOLE   31,916 0 0
Realty Income 6.625% Call 2/17 PFD 756109807 297 11,409 SH   SOLE   11,409 0 0
Regency Centers 6.00% Perp CUM PFD 758849806 447 17,500 SH   SOLE   17,500 0 0
Regions Financial 6.375% Cl 12 PFD 7591ep308 437 16,850 SH   SOLE   16,850 0 0
Reinsurance Group of Amer 6.2% PFD 759351703 346 12,200 SH   SOLE   12,200 0 0
Retail Properties of Amer 7.0% PFD 76131v608 449 16,900 SH   SOLE   16,900 0 0
SL Green Realty 6.5% Perp CUM PFD 78440x507 1,961 74,664 SH   SOLE   74,664 0 0
Seaspan 7.95% 12/2049 Call 1/2 PFD y75638208 289 11,667 SH   SOLE   11,667 0 0
Seaspan 8.25% Perp CUM QDI Cal PFD y75638133 1,859 78,859 SH   SOLE   78,859 0 0
Seaspan 9.50% 1/2049 Call 1/20 PFD B643v81 398 15,735 SH   SOLE   15,735 0 0
SoCalEd 5.375% CUM cl 2025 QDI PFD 78409g206 758 29,111 SH   SOLE   29,111 0 0
Solar Capital 6.75% Cl 11/17 PFD 83413u308 297 11,950 SH   SOLE   11,950 0 0
Summit Hotel 7.875% Perp CUM C PFD 866082308 2,758 105,469 SH   SOLE   105,469 0 0
Summit Hotel7.125%Perp CUM Cal PFD 866082407 943 36,409 SH   SOLE   36,409 0 0
Sunstone Hotel 8.00% Perp Call PFD 867892507 959 38,318 SH   SOLE   38,318 0 0
Taubman Centers 6.5% CUM NA Cl PFD 876664608 260 10,201 SH   SOLE   10,201 0 0
Telephone & Data 6.875% Cl 11/ PFD 879433845 2,814 110,875 SH   SOLE   110,875 0 0
Telephone & Data 7.0% Cl 3/16 PFD 879433837 856 33,842 SH   SOLE   33,842 0 0
Torchmark Crp 6.125% SubDebCal PFD 891027401 449 17,800 SH   SOLE   17,800 0 0
TravelCenters America 8.00%SrN PFD 894174309 2,798 113,975 SH   SOLE   113,975 0 0
TravelCenters SnNotes 8% 10/20 PFD 894174408 1,446 59,590 SH   SOLE   59,590 0 0
Triancgle Capitl 6.375%Sr Note PFD 895848406 865 34,650 SH   SOLE   34,650 0 0
TriplePoint Venture BDC 6.75% PFD 89677y209 491 19,750 SH   SOLE   19,750 0 0
UMH Propertyies 8.0% Perp Cum PFD 903002301 485 18,496 SH   SOLE   18,496 0 0
US Bancorp 6.5% Flt Aftr 1/22 PFD 902973833 1,324 44,989 SH   SOLE   44,989 0 0
US Celllular SrNts 7.25% 2063 PFD 911684504 509 19,900 SH   SOLE   19,900 0 0
US Cellular 6.95%SrNT 2060 Cl PFD 911684405 488 19,085 SH   SOLE   19,085 0 0
US Cellular 7.25% SrNts12/2064 PFD 911684603 1,088 43,275 SH   SOLE   43,275 0 0
VEREIT Inc 6.70% Perp CUM Cl 2 PFD 92339v209 284 11,200 SH   SOLE   11,200 0 0
Vornado Realty 6.875% Prp/Cl 4 PFD 929042869 2,498 98,736 SH   SOLE   98,736 0 0
Wells Fargo 5.85%Flt Aftr 9/23 PFD 949746556 310 11,750 SH   SOLE   11,750 0 0
Wells Fargo 6.375% Cl 12/19 BB PFD 94988n207 878 32,600 SH   SOLE   32,600 0 0
Wells Fargo 7.5% Cnv/Prp$1000 PFD 949746804 14,459 11,999 SH   SOLE   11,999 0 0
Wells Fargo 8.00% Prp Cl12/17 PFD 949746879 10,111 360,448 SH   SOLE   360,448 0 0
WinTrust Financial 6.50% Call PFD 97650w405 210 7,740 SH   SOLE   7,740 0 0
Bank of America 5.20% Perp/Cal PFD 060505ED2 290 315,000 PRN   SOLE   315,000 0 0
Charles Schwab 7% Perp/Call 2/ PFD 808513AE5 1,905 1,667,000 PRN   SOLE   1,667,000 0 0
Citigroup Inc 5.95% Perp Call PFD 172967GD7 525 545,000 PRN   SOLE   545,000 0 0
Citigroup Inc 6.125% Perp Call PFD 172967KD2 253 250,000 PRN   SOLE   250,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 196 200,000 PRN   SOLE   200,000 0 0
Citigroup Perp/Call 5/23 @ 100 PFD 172967GR6 688 745,000 PRN   SOLE   745,000 0 0
GE Cap Corp 5.00% Perp/Call 1/ PFD 369604BQ5 2,387 2,317,000 PRN   SOLE   2,317,000 0 0
JPMorgan 6.0% Perp/Call 8/23 - PFD 48126HAA8 1,744 1,735,000 PRN   SOLE   1,735,000 0 0
JPMorgan 7.9% Perp/Call 4/18 - PFD 46625HHA1 2,100 2,100,000 PRN   SOLE   2,100,000 0 0
So. Cal Edison 6.25% Perp/Call PFD 842400FU2 767 700,000 PRN   SOLE   700,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 5,232 5,305,000 PRN   SOLE   5,305,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 476 460,000 PRN   SOLE   460,000 0 0