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 488 200 SH   SOLE   200 0 0
3M Company COM 88579y101 18,592 104,114 SH   SOLE   104,114 0 0
ABB Ltd-Spon ADR COM 000375204 4,185 198,614 SH   SOLE   198,614 0 0
AT&T Inc COM 00206r102 9,087 213,668 SH   SOLE   213,668 0 0
AbbVie Inc COM 00287y109 10,080 160,963 SH   SOLE   160,963 0 0
Abbott Laboratories COM 002824100 8,094 210,728 SH   SOLE   210,728 0 0
Acacia Communications Inc COM 00401c108 300 4,851 SH   SOLE   4,851 0 0
Accenture PLC-Cl A COM g1151c101 4,164 35,549 SH   SOLE   35,549 0 0
Adient PLC COM g0084w101 205 3,493 SH   SOLE   3,493 0 0
Adobe Systems Inc COM 00724f101 931 9,040 SH   SOLE   9,040 0 0
Aetna Inc COM 00817Y108 839 6,769 SH   SOLE   6,769 0 0
Aflac Inc COM 001055102 827 11,878 SH   SOLE   11,878 0 0
Agilent Technologies Inc COM 00846u101 796 17,465 SH   SOLE   17,465 0 0
Air Products & Chemicals Inc COM 009158106 6,417 44,617 SH   SOLE   44,617 0 0
Allegion PLC COM g0176j109 209 3,267 SH   SOLE   3,267 0 0
Allergan plc (new) COM g0177j108 680 3,239 SH   SOLE   3,239 0 0
Allstate Corp COM 020002101 428 5,777 SH   SOLE   5,777 0 0
Alphabet Inc-Cl A COM 02079k305 7,012 8,848 SH   SOLE   8,848 0 0
Alphabet Inc-Cl C COM 02079k107 5,006 6,486 SH   SOLE   6,486 0 0
Altria Group Inc COM 02209s103 11,032 163,144 SH   SOLE   163,144 0 0
Amarillo Gold Corp COM 02301t108 3 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 1,087 1,449 SH   SOLE   1,449 0 0
American Electric Power COM 025537101 482 7,663 SH   SOLE   7,663 0 0
American Express Co COM 025816109 1,466 19,794 SH   SOLE   19,794 0 0
AmerisourceBergen Corp COM 03073e105 412 5,268 SH   SOLE   5,268 0 0
Ametek Inc COM 031100100 201 4,135 SH   SOLE   4,135 0 0
Amgen Inc COM 031162100 2,365 16,176 SH   SOLE   16,176 0 0
Anthem Inc COM 036752103 2,460 17,114 SH   SOLE   17,114 0 0
Apple Inc COM 037833100 30,323 261,815 SH   SOLE   261,815 0 0
Archer-Daniels-Midland Co COM 039483102 900 19,723 SH   SOLE   19,723 0 0
Ares Capital Corp COM 04010l103 173 10,484 SH   SOLE   10,484 0 0
Automatic Data Processing COM 053015103 18,226 177,327 SH   SOLE   177,327 0 0
BCE Inc COM 05534b760 2,730 63,141 SH   SOLE   63,141 0 0
Bank Of Marin Bancorp/CA COM 063425102 841 12,051 SH   SOLE   12,051 0 0
Bank Of New York Mellon Corp COM 064058100 212 4,465 SH   SOLE   4,465 0 0
Bank of America Corp COM 060505104 8,701 393,717 SH   SOLE   393,717 0 0
Baxter International Inc. COM 071813109 344 7,747 SH   SOLE   7,747 0 0
Becton Dickinson & Co COM 075887109 2,964 17,905 SH   SOLE   17,905 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 3,853 23,642 SH   SOLE   23,642 0 0
Biogen Inc COM 09062x103 1,314 4,635 SH   SOLE   4,635 0 0
Blackrock Inc COM 09247x101 269 707 SH   SOLE   707 0 0
Blackstone Group/The COM 09253u108 905 33,496 SH   SOLE   33,496 0 0
Boeing Co COM 097023105 2,064 13,261 SH   SOLE   13,261 0 0
Bristol-Myers Squibb Co COM 110122108 17,263 295,396 SH   SOLE   295,396 0 0
Broadcom Ltd COM y09827109 351 1,986 SH   SOLE   1,986 0 0
Brown-Forman Corp -Cl B COM 115637209 263 5,862 SH   SOLE   5,862 0 0
CBS Corp-Class B COM 124857202 2,725 42,825 SH   SOLE   42,825 0 0
CR Bard Inc COM 067383109 451 2,006 SH   SOLE   2,006 0 0
CVS Health Corp COM 126650100 4,435 56,204 SH   SOLE   56,204 0 0
CalAtlantic Group COM 128195104 884 26,000 SH   SOLE   26,000 0 0
Canadian Natl Railway Co COM 136375102 222 3,290 SH   SOLE   3,290 0 0
CarMax Inc COM 143130102 228 3,540 SH   SOLE   3,540 0 0
Carlyle Group/The COM 14309l102 166 10,900 SH   SOLE   10,900 0 0
Caterpillar Inc COM 149123101 2,949 31,803 SH   SOLE   31,803 0 0
Celgene Corp COM 151020104 749 6,472 SH   SOLE   6,472 0 0
CenterPoint Energy Inc COM 15189t107 2,060 83,598 SH   SOLE   83,598 0 0
Cerner Corp COM 156782104 2,499 52,761 SH   SOLE   52,761 0 0
Cerus Corp COM 157085101 44 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 925 10,951 SH   SOLE   10,951 0 0
Chevron Corp COM 166764100 29,914 254,157 SH   SOLE   254,157 0 0
Chubb Ltd (new) COM h1467j104 2,856 21,619 SH   SOLE   21,619 0 0
Cigna Corp COM 125509109 225 1,688 SH   SOLE   1,688 0 0
Cincinnati Financial Corp COM 172062101 668 8,816 SH   SOLE   8,816 0 0
Cintas Corp COM 172908105 390 3,378 SH   SOLE   3,378 0 0
Cisco Systems Inc COM 17275R102 4,241 140,342 SH   SOLE   140,342 0 0
Citigroup Inc COM 172967424 374 6,301 SH   SOLE   6,301 0 0
Clorox Company COM 189054109 12,791 106,571 SH   SOLE   106,571 0 0
Coca-Cola Co/The COM 191216100 5,229 126,130 SH   SOLE   126,130 0 0
Colgate-Palmolive Co COM 194162103 8,713 133,143 SH   SOLE   133,143 0 0
Comcast Corp-Cl A COM 20030n101 9,457 136,962 SH   SOLE   136,962 0 0
Conagra Brands Inc COM 205887102 1,246 31,494 SH   SOLE   31,494 0 0
ConocoPhillips COM 20825C104 6,463 128,897 SH   SOLE   128,897 0 0
Consolidated Edison Inc COM 209115104 730 9,904 SH   SOLE   9,904 0 0
Costco Wholesale Corp COM 22160K105 18,308 114,348 SH   SOLE   114,348 0 0
Crown Castle Intl Corp COM 22822v101 14,024 161,622 SH   SOLE   161,622 0 0
DTE Energy Company COM 233331107 221 2,247 SH   SOLE   2,247 0 0
Danaher Corp COM 235851102 4,079 52,408 SH   SOLE   52,408 0 0
Deere & Co COM 244199105 1,267 12,298 SH   SOLE   12,298 0 0
Diageo Plc-Sponsored ADR COM 25243q205 469 4,508 SH   SOLE   4,508 0 0
Dick's Sporting Goods Inc COM 253393102 787 14,825 SH   SOLE   14,825 0 0
Disney Co./Walt The COM 254687106 18,385 176,407 SH   SOLE   176,407 0 0
Dominion Resources Inc/Va COM 25746u109 674 8,801 SH   SOLE   8,801 0 0
Dover Corp COM 260003108 490 6,533 SH   SOLE   6,533 0 0
Dow Chemical COM 260543103 610 10,669 SH   SOLE   10,669 0 0
Dr Pepper Snapple Group Inc COM 26138e109 723 7,973 SH   SOLE   7,973 0 0
Du Pont (E.I.) De Nemours COM 263534109 8,103 110,393 SH   SOLE   110,393 0 0
Duke Energy Corp COM 26441c204 725 9,336 SH   SOLE   9,336 0 0
ETFS Physical Precious Metals COM 26922w109 251 4,365 SH   SOLE   4,365 0 0
Eaton Corp PLC COM g29183103 1,162 17,324 SH   SOLE   17,324 0 0
Ecolab Inc COM 278865100 11,298 96,383 SH   SOLE   96,383 0 0
Edison International COM 281020107 10,010 139,049 SH   SOLE   139,049 0 0
Edwards Lifesciences Corp COM 28176e108 214 2,284 SH   SOLE   2,284 0 0
Eli Lilly & Co COM 532457108 4,709 64,025 SH   SOLE   64,025 0 0
Emerson Electric Co COM 291011104 1,840 32,997 SH   SOLE   32,997 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 1,040 38,461 SH   SOLE   38,461 0 0
Equity Residential COM 29476l107 205 3,185 SH   SOLE   3,185 0 0
Essex Property Trust Inc COM 297178105 430 1,850 SH   SOLE   1,850 0 0
Eurasian Minerals Inc COM 29843r100 84 80,386 SH   SOLE   80,386 0 0
Eversource Energy COM 30040w108 348 6,306 SH   SOLE   6,306 0 0
Express Scripts Holding Co. COM 30219g108 814 11,830 SH   SOLE   11,830 0 0
Exxon Mobil Corp COM 30231G102 11,945 132,344 SH   SOLE   132,344 0 0
Facebook Inc COM 30303m102 34,246 297,663 SH   SOLE   297,663 0 0
FedEx Corp COM 31428x106 821 4,411 SH   SOLE   4,411 0 0
First Republic Bank/San Franci COM 33616C100 2,732 29,646 SH   SOLE   29,646 0 0
First Trust Mid Cap Growth Alp COM 33737m102 1,970 62,763 SH   SOLE   62,763 0 0
First Trust Mid Cap Value ETF COM 33737m201 289 8,783 SH   SOLE   8,783 0 0
First Trust Morningstar Divide COM 336917109 1,485 53,493 SH   SOLE   53,493 0 0
First Trust Rising Dividend Ac COM 33738r506 281 11,384 SH   SOLE   11,384 0 0
Ford Motor Co COM 345370860 337 27,754 SH   SOLE   27,754 0 0
Fortinet Inc COM 34959e109 296 9,840 SH   SOLE   9,840 0 0
Fortive Corp COM 34959j108 525 9,787 SH   SOLE   9,787 0 0
Franklin Covey Co COM 353469109 202 10,000 SH   SOLE   10,000 0 0
Freeport McMoRan Inc-B COM 35671d857 169 12,790 SH   SOLE   12,790 0 0
Frontier Communications Corp COM 35906a108 222 65,823 SH   SOLE   65,823 0 0
General Dynamics Corp COM 369550108 2,862 16,574 SH   SOLE   16,574 0 0
General Electric Co COM 369604103 24,610 778,798 SH   SOLE   778,798 0 0
General Mills Inc COM 370334104 6,278 101,629 SH   SOLE   101,629 0 0
General Motors Co COM 37045v100 300 8,625 SH   SOLE   8,625 0 0
Genuine Parts Co COM 372460105 6,448 67,487 SH   SOLE   67,487 0 0
Gilead Sciences Inc COM 375558103 1,425 19,900 SH   SOLE   19,900 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 1,120 29,094 SH   SOLE   29,094 0 0
Global Brands Group Holding COM g39338101 1 10,000 SH   SOLE   10,000 0 0
Goldman Sachs Group Inc COM 38141G104 556 2,320 SH   SOLE   2,320 0 0
Grainger (W.W.) Inc COM 384802104 641 2,761 SH   SOLE   2,761 0 0
Great Plains Energy Inc COM 391164100 1,252 45,795 SH   SOLE   45,795 0 0
Groupon Inc COM 399473107 226 68,000 SH   SOLE   68,000 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 766 4,863 SH   SOLE   4,863 0 0
Guggenheim S&P Equal Weight COM 78355w106 569 6,572 SH   SOLE   6,572 0 0
Guggenheim S&P Equal Weight En COM 78355w866 204 3,192 SH   SOLE   3,192 0 0
HCP Inc REIT COM 40414l109 5,278 177,601 SH   SOLE   177,601 0 0
Harman International COM 413086109 838 7,540 SH   SOLE   7,540 0 0
Hess Corp COM 42809h107 436 7,000 SH   SOLE   7,000 0 0
Hewlett Packard Enterprise COM 42824c109 297 12,856 SH   SOLE   12,856 0 0
Home Depot Inc COM 437076102 12,003 89,519 SH   SOLE   89,519 0 0
Honeywell International Inc COM 438516106 5,902 50,941 SH   SOLE   50,941 0 0
Hormel Foods Corp COM 440452100 720 20,694 SH   SOLE   20,694 0 0
Illinois Tool Works COM 452308109 1,048 8,558 SH   SOLE   8,558 0 0
Ingersoll-Rand PLC COM g47791101 2,350 31,318 SH   SOLE   31,318 0 0
Integral Technologies Inc COM 45810j103 2 17,000 SH   SOLE   17,000 0 0
Intel Corp COM 458140100 14,852 409,492 SH   SOLE   409,492 0 0
International Paper Co COM 460146103 245 4,624 SH   SOLE   4,624 0 0
Intl Business Machines Corp COM 459200101 4,667 28,119 SH   SOLE   28,119 0 0
Intl Flavors & Fragrances COM 459506101 736 6,250 SH   SOLE   6,250 0 0
Intrexon Corp COM 46122t102 256 10,520 SH   SOLE   10,520 0 0
Ivanhoe Mines Ltd COM 46579r104 456 240,000 SH   SOLE   240,000 0 0
JPMorgan Chase & Co COM 46625H100 11,452 132,714 SH   SOLE   132,714 0 0
Jacobs Engineering Group Inc COM 469814107 325 5,703 SH   SOLE   5,703 0 0
Johnson & Johnson COM 478160104 29,286 254,199 SH   SOLE   254,199 0 0
Johnson Controls Intl PLC COM g51502105 1,693 41,108 SH   SOLE   41,108 0 0
KKR & Co LP COM 48248m102 191 12,400 SH   SOLE   12,400 0 0
Keysight Technologies Inc COM 49338l103 286 7,831 SH   SOLE   7,831 0 0
Kimberly-Clark Corp COM 494368103 15,695 137,528 SH   SOLE   137,528 0 0
Kinder Morgan Inc COM 49456b101 4,901 236,633 SH   SOLE   236,633 0 0
Kraft Heinz Co/The COM 500754106 3,433 39,317 SH   SOLE   39,317 0 0
L3 Technologies Inc COM 502413107 411 2,701 SH   SOLE   2,701 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 1,940 15,110 SH   SOLE   15,110 0 0
Lam Research Corp COM 512807108 298 2,816 SH   SOLE   2,816 0 0
Lamb Weston Holdings Inc COM 513272104 383 10,120 SH   SOLE   10,120 0 0
Leggett & Platt Inc COM 524660107 598 12,242 SH   SOLE   12,242 0 0
Li & Fung Ltd COM g5485f169 4 10,000 SH   SOLE   10,000 0 0
Lockheed Martin Corp COM 539830109 4,948 19,797 SH   SOLE   19,797 0 0
Lowe's Cos Inc COM 548661107 3,734 52,502 SH   SOLE   52,502 0 0
Lululemon Athletica Inc COM 550021109 569 8,760 SH   SOLE   8,760 0 0
Macy's Inc COM 55616p104 910 25,406 SH   SOLE   25,406 0 0
Manulife Financial Corp COM 56501r106 763 42,813 SH   SOLE   42,813 0 0
Marathon Petroleum Corp COM 56585a102 342 6,794 SH   SOLE   6,794 0 0
Marriott International-Cl A COM 571903202 3,755 45,418 SH   SOLE   45,418 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,348 25,160 SH   SOLE   25,160 0 0
McDonald's Corp COM 580135101 12,102 99,428 SH   SOLE   99,428 0 0
Medical Properties Trust Inc COM 58463j304 208 16,919 SH   SOLE   16,919 0 0
Medtronic PLC COM g5960l103 6,234 87,522 SH   SOLE   87,522 0 0
Merck & Co. Inc. COM 58933y105 8,652 146,976 SH   SOLE   146,976 0 0
Microsoft Corp COM 594918104 19,730 317,512 SH   SOLE   317,512 0 0
Middleby Corp COM 596278101 212 1,648 SH   SOLE   1,648 0 0
Mobileye NV COM n51488117 611 16,026 SH   SOLE   16,026 0 0
Mondelez International COM 609207105 2,593 58,483 SH   SOLE   58,483 0 0
Morgan Stanley COM 617446448 3,461 81,913 SH   SOLE   81,913 0 0
NXP Semiconductors Nv COM n6596x109 891 9,091 SH   SOLE   9,091 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 4,075 56,809 SH   SOLE   56,809 0 0
NextEra Energy Inc COM 65339f101 13,188 110,394 SH   SOLE   110,394 0 0
Nike Inc -Cl B COM 654106103 8,232 161,949 SH   SOLE   161,949 0 0
Nordstrom Inc COM 655664100 371 7,741 SH   SOLE   7,741 0 0
Norfolk Southern Corp COM 655844108 525 4,857 SH   SOLE   4,857 0 0
Northrop Grumman Corp COM 666807102 232 999 SH   SOLE   999 0 0
Novartis Ag-ADR COM 66987v109 2,453 33,682 SH   SOLE   33,682 0 0
Nucor Corp COM 670346105 360 6,046 SH   SOLE   6,046 0 0
Occidental Petroleum Corp COM 674599105 6,873 96,492 SH   SOLE   96,492 0 0
Oracle Corp COM 68389x105 3,788 98,524 SH   SOLE   98,524 0 0
P G & E Corp COM 69331c108 830 13,654 SH   SOLE   13,654 0 0
Paccar Inc COM 693718108 1,441 22,555 SH   SOLE   22,555 0 0
Palo Alto Networks COM 697435105 1,741 13,920 SH   SOLE   13,920 0 0
Parker-Hannifin Corp COM 701094104 267 1,908 SH   SOLE   1,908 0 0
Paychex Inc COM 704326107 211 3,467 SH   SOLE   3,467 0 0
Pentair PLC COM g7s00t104 436 7,782 SH   SOLE   7,782 0 0
PepsiCo Inc COM 713448108 9,043 86,427 SH   SOLE   86,427 0 0
Pfizer Inc COM 717081103 9,280 285,719 SH   SOLE   285,719 0 0
Philip Morris International COM 718172109 2,484 27,153 SH   SOLE   27,153 0 0
Phillips 66 COM 718546104 316 3,654 SH   SOLE   3,654 0 0
Piedmont Office Realty Trust COM 720190206 397 19,000 SH   SOLE   19,000 0 0
Plains All American Pipeline L COM 726503105 209 6,482 SH   SOLE   6,482 0 0
Potash Corp Of Saskatchewan COM 73755l107 275 15,200 SH   SOLE   15,200 0 0
PowerShares Buyback Achievers COM 73935x286 273 5,419 SH   SOLE   5,419 0 0
PowerShares Preferred Portfoli COM 73936t565 11,929 838,334 SH   SOLE   838,334 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 3,815 32,200 SH   SOLE   32,200 0 0
Praxair Inc COM 74005p104 2,401 20,485 SH   SOLE   20,485 0 0
Preferred Apartment Communitie COM 74039l103 3,711 248,900 SH   SOLE   248,900 0 0
ProLogis Inc COM 74340w103 636 12,044 SH   SOLE   12,044 0 0
Procter & Gamble Co COM 742718109 25,122 298,784 SH   SOLE   298,784 0 0
Propanc Health Group Corp COM 74345c102 2 280,000 SH   SOLE   280,000 0 0
Public Service Enterprise Grou COM 744573106 2,560 58,351 SH   SOLE   58,351 0 0
Public Storage Inc COM 74460d109 541 2,422 SH   SOLE   2,422 0 0
Qualcomm Inc COM 747525103 498 7,643 SH   SOLE   7,643 0 0
Quest Diagnostics COM 74834l100 306 3,325 SH   SOLE   3,325 0 0
Raytheon Company COM 755111507 1,156 8,138 SH   SOLE   8,138 0 0
Realty Income Corp COM 756109104 11,135 193,719 SH   SOLE   193,719 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 427 1,162 SH   SOLE   1,162 0 0
Retail Properties of America COM 76131v202 359 23,393 SH   SOLE   23,393 0 0
Robert Half Intl Inc COM 770323103 267 5,483 SH   SOLE   5,483 0 0
Roche Holdings LTD-Spons ADR COM 771195104 3,378 118,400 SH   SOLE   118,400 0 0
Rockwell Collins Inc. COM 774341101 684 7,375 SH   SOLE   7,375 0 0
Roper Technologies Inc COM 776696106 233 1,273 SH   SOLE   1,273 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 511 9,400 SH   SOLE   9,400 0 0
S&P Global Inc COM 78409v104 1,158 10,767 SH   SOLE   10,767 0 0
SAP SE-Sponsored ADR COM 803054204 690 7,985 SH   SOLE   7,985 0 0
SPDR Consumer Discretionary Se COM 81369y407 6,922 85,034 SH   SOLE   85,034 0 0
SPDR Consumer Staples Select S COM 81369y308 4,890 94,567 SH   SOLE   94,567 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,061 5,371 SH   SOLE   5,371 0 0
SPDR Energy Select Sector COM 81369y506 14,789 196,343 SH   SOLE   196,343 0 0
SPDR Financial Select Sector COM 81369y605 4,446 191,240 SH   SOLE   191,240 0 0
SPDR Gold Trust COM 78463v107 1,612 14,703 SH   SOLE   14,703 0 0
SPDR Health Care Select Sector COM 81369y209 6,450 93,555 SH   SOLE   93,555 0 0
SPDR Industrial Select Sector COM 81369y704 5,708 91,734 SH   SOLE   91,734 0 0
SPDR Materials Select Sector COM 81369y100 1,720 34,607 SH   SOLE   34,607 0 0
SPDR Real Estate Sector COM 81369y860 584 18,977 SH   SOLE   18,977 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 7,480 33,463 SH   SOLE   33,463 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 343 5,412 SH   SOLE   5,412 0 0
SPDR S&P Biotech ETF COM 78464a870 352 5,940 SH   SOLE   5,940 0 0
SPDR S&P Dividend COM 78464a763 12,202 142,612 SH   SOLE   142,612 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 11,116 36,841 SH   SOLE   36,841 0 0
SPDR Technology Select Sector COM 81369y803 9,758 201,782 SH   SOLE   201,782 0 0
SPDR Utilities Select Sector COM 81369y886 976 20,091 SH   SOLE   20,091 0 0
SVB Financial Group COM 78486q101 4,292 25,000 SH   SOLE   25,000 0 0
Salesforce.Com Inc COM 79466l302 2,073 30,279 SH   SOLE   30,279 0 0
Sanofi-ADR COM 80105n105 1,714 42,391 SH   SOLE   42,391 0 0
Scana Corp COM 80589m102 921 12,574 SH   SOLE   12,574 0 0
Schlumberger Ltd COM 806857108 724 8,628 SH   SOLE   8,628 0 0
Schwab (Charles) Corp COM 808513105 982 24,889 SH   SOLE   24,889 0 0
Schwab US Broad Market ETF COM 808524102 1,770 32,674 SH   SOLE   32,674 0 0
Schwab US Dividend Equity ETF COM 808524797 7,170 164,554 SH   SOLE   164,554 0 0
Schwab US Large-Cap ETF COM 808524201 1,743 32,729 SH   SOLE   32,729 0 0
Schwab US Mid-Cap ETF COM 808524508 1,353 29,963 SH   SOLE   29,963 0 0
Sempra Energy COM 816851109 3,326 33,053 SH   SOLE   33,053 0 0
Sherwin-Williams Co COM 824348106 532 1,980 SH   SOLE   1,980 0 0
Siemens Ag-Spons ADR COM 826197501 256 2,092 SH   SOLE   2,092 0 0
Silvercorp Metals Inc COM 82835p103 23 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 358 2,017 SH   SOLE   2,017 0 0
Southern Co COM 842587107 1,880 38,216 SH   SOLE   38,216 0 0
Southwest Airlines COM 844741108 511 10,254 SH   SOLE   10,254 0 0
Spectra Energy Corp COM 847560109 4,688 114,092 SH   SOLE   114,092 0 0
Spectral Medical Inc COM 847577103 6 25,000 SH   SOLE   25,000 0 0
Sprott Resource Corp COM 85207d103 191 526,834 SH   SOLE   526,834 0 0
St Jude Medical Inc COM 790849103 548 6,828 SH   SOLE   6,828 0 0
Stanley Black & Decker Inc COM 854502101 5,537 48,280 SH   SOLE   48,280 0 0
Starbucks Corp COM 855244109 6,855 123,471 SH   SOLE   123,471 0 0
State Street Corp COM 857477103 313 4,025 SH   SOLE   4,025 0 0
Stryker Corp COM 863667101 205 1,715 SH   SOLE   1,715 0 0
Sysco Corp COM 871829107 828 14,950 SH   SOLE   14,950 0 0
T Rowe Price Group Inc COM 74144t108 677 8,999 SH   SOLE   8,999 0 0
TJX Companies Inc COM 872540109 523 6,955 SH   SOLE   6,955 0 0
Target Corp COM 87612e106 8,373 115,927 SH   SOLE   115,927 0 0
Tesla Motors Inc COM 88160r101 784 3,668 SH   SOLE   3,668 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 310 8,549 SH   SOLE   8,549 0 0
Texas Instruments Inc COM 882508104 540 7,396 SH   SOLE   7,396 0 0
Thermo Fisher Scientific Inc COM 883556102 239 1,691 SH   SOLE   1,691 0 0
Time Warner Inc COM 887317303 3,058 31,682 SH   SOLE   31,682 0 0
Toronto Dominion Bank COM 891160509 5,435 110,154 SH   SOLE   110,154 0 0
Toyota Motor Corp -Spon ADR COM 892331307 2,118 18,070 SH   SOLE   18,070 0 0
Travelers Cos Inc/The COM 89417e109 3,452 28,202 SH   SOLE   28,202 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 3,779 73,565 SH   SOLE   73,565 0 0
UDR Inc COM 902653104 258 7,080 SH   SOLE   7,080 0 0
Unilever N V -NY Shares COM 904784709 3,606 87,818 SH   SOLE   87,818 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,605 39,435 SH   SOLE   39,435 0 0
Union Pacific Corp COM 907818108 2,228 21,485 SH   SOLE   21,485 0 0
United Parcel Service-Cl B COM 911312106 9,264 80,811 SH   SOLE   80,811 0 0
United Technologies Corp COM 913017109 3,485 31,795 SH   SOLE   31,795 0 0
UnitedHealth Group Inc COM 91324P102 1,791 11,191 SH   SOLE   11,191 0 0
VF Corporation COM 918204108 306 5,740 SH   SOLE   5,740 0 0
Valero Energy Corp COM 91913Y100 216 3,156 SH   SOLE   3,156 0 0
VanEck Vectors Pharmaceutical COM 92189f692 325 6,193 SH   SOLE   6,193 0 0
Vanguard Consumer Discretionar COM 92204a108 492 3,821 SH   SOLE   3,821 0 0
Vanguard Consumer Staples Vipe COM 92204a207 286 2,135 SH   SOLE   2,135 0 0
Vanguard Developed Mkts COM 921943858 1,155 31,620 SH   SOLE   31,620 0 0
Vanguard Dividend Appreciation COM 921908844 722 8,475 SH   SOLE   8,475 0 0
Vanguard Emerging Mkts COM 922042858 653 18,239 SH   SOLE   18,239 0 0
Vanguard High Div Yield COM 921946406 3,040 40,122 SH   SOLE   40,122 0 0
Vanguard Info Tech Vipers COM 92204a702 569 4,681 SH   SOLE   4,681 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 307 3,000 SH   SOLE   3,000 0 0
Vanguard Mid-Cap COM 922908629 2,539 19,290 SH   SOLE   19,290 0 0
Vanguard REIT COM 922908553 602 7,295 SH   SOLE   7,295 0 0
Vanguard Small-Cap Vipers COM 922908751 2,115 16,398 SH   SOLE   16,398 0 0
Vanguard Total Stock Market COM 922908769 15,503 134,435 SH   SOLE   134,435 0 0
Varian Medical Systems Inc COM 92220P105 2,035 22,668 SH   SOLE   22,668 0 0
Verisk Analytics Inc-Class A COM 92345Y106 657 8,090 SH   SOLE   8,090 0 0
Verizon Communications Inc COM 92343v104 31,977 599,037 SH   SOLE   599,037 0 0
Visa Inc-Class A Shares COM 92826c839 2,596 33,276 SH   SOLE   33,276 0 0
Vornado Realty Trust COM 929042109 7,181 68,803 SH   SOLE   68,803 0 0
Voyant International Corp COM 92909w108 0 53,652 SH   SOLE   53,652 0 0
WEC Energy Group Inc COM 92939u106 5,198 88,632 SH   SOLE   88,632 0 0
Wal-Mart Stores Inc COM 931142103 1,420 20,538 SH   SOLE   20,538 0 0
Walgreens Boots Alliance Inc COM 931427108 11,681 141,145 SH   SOLE   141,145 0 0
Waste Management Inc COM 94106l109 13,905 196,093 SH   SOLE   196,093 0 0
Wells Fargo & Company COM 949746101 35,859 650,688 SH   SOLE   650,688 0 0
Weyerhaeuser Co COM 962166104 533 17,721 SH   SOLE   17,721 0 0
Whirlpool Corp COM 963320106 2,817 15,500 SH   SOLE   15,500 0 0
White Mountains Insurance Grou COM g9618e107 657 786 SH   SOLE   786 0 0
Whole Foods Market Inc COM 966837106 3,529 114,722 SH   SOLE   114,722 0 0
Williams Cos Inc COM 969457100 5,019 161,190 SH   SOLE   161,190 0 0
Williams-Sonoma Inc COM 969904101 3,939 81,395 SH   SOLE   81,395 0 0
WisdomTree MidCap Div Index COM 97717w505 332 3,513 SH   SOLE   3,513 0 0
Xcel Energy Inc COM 98389b100 222 5,461 SH   SOLE   5,461 0 0
Yahoo! Inc COM 984332106 856 22,135 SH   SOLE   22,135 0 0
Yum! Brands Inc COM 988498101 295 4,658 SH   SOLE   4,658 0 0
Zimmer Biomet Holdings Inc COM 98956p102 2,197 21,284 SH   SOLE   21,284 0 0
iShares Core Dividend Growth COM 46434v621 379 13,123 SH   SOLE   13,123 0 0
iShares Core US Value COM 464287663 226 4,608 SH   SOLE   4,608 0 0
iShares DJ Select Dividend Ind COM 464287168 7,332 82,780 SH   SOLE   82,780 0 0
iShares DJ US Energy Sector COM 464287796 1,112 26,768 SH   SOLE   26,768 0 0
iShares DJ US Financial Sect COM 464287788 1,191 11,734 SH   SOLE   11,734 0 0
iShares DJ US Health Car Pro COM 464288828 257 2,054 SH   SOLE   2,054 0 0
iShares DJ US Telecommunicatio COM 464287713 1,000 28,979 SH   SOLE   28,979 0 0
iShares DJ US Transport Index COM 464287192 1,648 10,120 SH   SOLE   10,120 0 0
iShares Goldman Sachs Tech I COM 464287721 278 2,310 SH   SOLE   2,310 0 0
iShares MSCI EAFE Index COM 464287465 820 14,212 SH   SOLE   14,212 0 0
iShares MSCI Emerging Markets COM 464287234 333 9,520 SH   SOLE   9,520 0 0
iShares MSCI USA Quality Facto COM 46432f339 1,055 15,264 SH   SOLE   15,264 0 0
iShares Nasdaq Biotech Index F COM 464287556 5,194 19,573 SH   SOLE   19,573 0 0
iShares Russell 1000 Growth COM 464287614 875 8,342 SH   SOLE   8,342 0 0
iShares Russell 1000 Value COM 464287598 211 1,882 SH   SOLE   1,882 0 0
iShares Russell 2000 Index Fun COM 464287655 574 4,256 SH   SOLE   4,256 0 0
iShares Russell Midcap COM 464287499 304 1,698 SH   SOLE   1,698 0 0
iShares Russell Midcap Growth COM 464287481 200 2,057 SH   SOLE   2,057 0 0
iShares S&P 100 Index Fund COM 464287101 1,954 19,680 SH   SOLE   19,680 0 0
iShares S&P 500 Index Fund COM 464287200 603 2,682 SH   SOLE   2,682 0 0
iShares S&P 500 Value Index Fu COM 464287408 203 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 523 13,465 SH   SOLE   13,465 0 0
iShares S&P Global 100 COM 464287572 656 8,546 SH   SOLE   8,546 0 0
iShares S&P Midcap 400 COM 464287507 1,560 9,438 SH   SOLE   9,438 0 0
iShares S&P Midcap 400/Value COM 464287705 467 3,217 SH   SOLE   3,217 0 0
iShares S&P SmallCap 600 COM 464287804 503 3,655 SH   SOLE   3,655 0 0
iShares S&P US Preferred Stock COM 464288687 8,978 241,274 SH   SOLE   241,274 0 0
AEGON 8.00 2042 Notes Call 08 PFD 007924608 2,817 108,126 SH   SOLE   108,126 0 0
AGNC Investment Corp 7.75 Per PFD 00123q302 727 28,968 SH   SOLE   28,968 0 0
AGNC Investment Corp 8.0 Perp PFD 02503x204 994 39,379 SH   SOLE   39,379 0 0
AON Cap 8.205 1/27 Non-Call B PFD 22532r101 2,162 67,444 SH   SOLE   67,444 0 0
Affiliated Mgrs Grp 6.375 SrN PFD 008252876 366 14,483 SH   SOLE   14,483 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 301 11,690 SH   SOLE   11,690 0 0
Allied Capital ARCC6.875 4/20 PFD 01903q207 252 9,998 SH   SOLE   9,998 0 0
American Homes 4Rent 6.50 Per PFD 02665t702 363 14,512 SH   SOLE   14,512 0 0
Amtrust Financial 6.95 QDI Ca PFD 032359820 442 19,150 SH   SOLE   19,150 0 0
Amtrust Financial 7.25 CUM QD PFD 032359507 294 11,766 SH   SOLE   11,766 0 0
Amtrust Financial 7.25 SrNt C PFD 032359861 308 12,200 SH   SOLE   12,200 0 0
Amtrust Financial 7.5 QDI Cal PFD 032359887 2,840 112,621 SH   SOLE   112,621 0 0
Amtrust Financial 7.50Nts 205 PFD 032359853 470 18,266 SH   SOLE   18,266 0 0
Amtrust Financial 7.625CUM QD PFD 032359705 3,767 149,832 SH   SOLE   149,832 0 0
Amtrust Financial 7.75 QDI Ca PFD 032359846 1,871 73,302 SH   SOLE   73,302 0 0
Annaly Capital 7.625 CUM Cl 8 PFD 035710888 1,207 50,065 SH   SOLE   50,065 0 0
Annaly Capital 7.625 Perp Cl PFD 035710706 271 11,254 SH   SOLE   11,254 0 0
Arbor Realty 8.50 CUM Perp Ca PFD 038923801 273 10,752 SH   SOLE   10,752 0 0
Arch Capital 6.75 BBB QDI Cl PFD g0450a204 698 27,751 SH   SOLE   27,751 0 0
Argo Group 6.5 Sr Notes Call PFD 040130205 1,863 74,613 SH   SOLE   74,613 0 0
Ashford Hospitality 7.375 NR PFD 044103604 1,612 67,548 SH   SOLE   67,548 0 0
Aspen Insurance 7.25 Call07/2 PFD g05384147 7,320 287,842 SH   SOLE   287,842 0 0
Aspen Insurance 7.401 BBB- Ca PFD g05384139 288 11,523 SH   SOLE   11,523 0 0
Axis Capital 6.875 Cl 4/17 QD PFD g0692u307 567 22,472 SH   SOLE   22,472 0 0
B Riley Financial 7.50 SenNts PFD 05580m207 427 16,670 SH   SOLE   16,670 0 0
BGC Partners 8.125 2042 Call PFD 05541t408 4,449 173,104 SH   SOLE   173,104 0 0
BancOfCalifornia 7.00 Cal2021 PFD 05990k874 1,280 51,475 SH   SOLE   51,475 0 0
BancOfCalifornia 7.375 Ca2020 PFD 05990k882 5,710 224,982 SH   SOLE   224,982 0 0
BancOfCalifornia 8.00 Cal2018 PFD 05990k403 2,797 108,320 SH   SOLE   108,320 0 0
Bank of America $1000pv 7.25 PFD 060505682 3,122 2,676 SH   SOLE   2,676 0 0
Bank of America 6.5 Prp Cl 1/ PFD 060505310 523 20,479 SH   SOLE   20,479 0 0
Bank of America 6.625 Prp/Cl PFD 060505344 2,950 114,744 SH   SOLE   114,744 0 0
Bank of America 6.625Prp Cl 1 PFD 060505740 648 25,583 SH   SOLE   25,583 0 0
Barclays 8.125 Perp/Cl 3/14 B PFD 06739h362 401 15,700 SH   SOLE   15,700 0 0
Barclays Bank 7.1 Prp Call 12 PFD 06739h776 436 17,191 SH   SOLE   17,191 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,135 44,735 SH   SOLE   44,735 0 0
BlueRock Residential Growth 8. PFD 09627j508 2,020 77,535 SH   SOLE   77,535 0 0
Boston Private Finl 6.95Perp PFD 101119303 344 13,727 SH   SOLE   13,727 0 0
CBL & Associates 6.625 Perp C PFD 124830803 340 14,804 SH   SOLE   14,804 0 0
CBL&Assoc Properties 7.375CUM PFD 124830605 278 11,376 SH   SOLE   11,376 0 0
CHS Chemical 7.50 Cl 1/2025 C PFD 12542r803 7,023 258,767 SH   SOLE   258,767 0 0
CHS Chemicals 6.75 Perp cl 20 PFD 12542r704 340 12,930 SH   SOLE   12,930 0 0
CHS Chemicals 7.875 Perp cl 2 PFD 12542r308 274 9,697 SH   SOLE   9,697 0 0
Capital One Finl 6.7Prp Call PFD 14040h709 1,488 57,315 SH   SOLE   57,315 0 0
CenturyLink Quest 7.0SnNts Cl PFD 74913g501 2,889 117,728 SH   SOLE   117,728 0 0
Chesapeake Lodging 7.75 PerpC PFD 165240201 4,799 189,019 SH   SOLE   189,019 0 0
Citigroup 5.8 B1 Call 4/18 QD PFD 172967366 220 8,850 SH   SOLE   8,850 0 0
Citigroup 7.125 Flt Aftr 9/23 PFD 172967358 8,154 291,426 SH   SOLE   291,426 0 0
Citigroup Tst 7.875 Cl2015 Li PFD 173080201 918 35,545 SH   SOLE   35,545 0 0
City Office REIT 6.625 CUM Ca PFD 178587200 545 23,900 SH   SOLE   23,900 0 0
Colony Financial7.125Perp CUM PFD 19624r403 1,160 49,791 SH   SOLE   49,791 0 0
Colony Financial7.50 Perp CUM PFD 19624r304 603 24,446 SH   SOLE   24,446 0 0
Colony Financial8.50 Perp CUM PFD 19624r205 1,021 40,418 SH   SOLE   40,418 0 0
CoreEnergy 7.375 Pfd - Par Ca PFD 21870u304 749 30,436 SH   SOLE   30,436 0 0
Corporate Office Prop 7.375 C PFD 22002t884 1,666 65,959 SH   SOLE   65,959 0 0
Costamare 7.625 CUM QDI Perp PFD y1771g110 384 18,923 SH   SOLE   18,923 0 0
Costamare 8.50 CUM QDI Perp C PFD y1771g128 2,110 97,349 SH   SOLE   97,349 0 0
Cowen 8.25 Senior Notes Due 1 PFD 223622309 1,378 53,606 SH   SOLE   53,606 0 0
Deutsche Bank 8.05 PrpCl6/18 PFD 25150l108 268 10,602 SH   SOLE   10,602 0 0
Deutsche Bnk 7.6 Prp Cl 2/18 PFD 25154a108 409 16,400 SH   SOLE   16,400 0 0
Digital Realty 6.625 Perp CUM PFD 253868806 444 17,694 SH   SOLE   17,694 0 0
Digital Realty 7.375 Perp CUM PFD 253868871 2,153 79,288 SH   SOLE   79,288 0 0
Discover Financial 6.50Perp Q PFD 254709207 2,008 78,190 SH   SOLE   78,190 0 0
Dynagas LNG 9.0 QDI CUM cl 2 PFD Y2188b116 1,266 50,081 SH   SOLE   50,081 0 0
EBAY 6.00 Sr Notes Call 3/1/2 PFD 278642202 651 25,100 SH   SOLE   25,100 0 0
EaglePoint Credit 7SrNts 12/3 PFD 269809208 727 28,300 SH   SOLE   28,300 0 0
EaglePoint Credit 7.75 Due 10 PFD 269809307 940 36,933 SH   SOLE   36,933 0 0
EaglePoint Credit 7.752022 CU PFD 269809109 1,948 75,678 SH   SOLE   75,678 0 0
Endurance Specialty 6.35 Cl 1 PFD 29267h406 284 11,100 SH   SOLE   11,100 0 0
EverBank Financial 6.75 Perp PFD 29977g201 581 23,052 SH   SOLE   23,052 0 0
First Republic 7.0 Cl 12/18 B PFD 33616c860 5,007 184,010 SH   SOLE   184,010 0 0
First Republic Bank 6.2 Cl 6/ PFD 33616c407 523 20,460 SH   SOLE   20,460 0 0
First Republic Bank 6.70 Cal PFD 33616c209 2,206 87,879 SH   SOLE   87,879 0 0
GGP Inc 6.375 Call 2/2018 CUM PFD 370023202 367 14,800 SH   SOLE   14,800 0 0
GaslLog Ltd 8.75 Ser A CUM QD PFD g37585117 1,342 53,411 SH   SOLE   53,411 0 0
Gladstone Commercial 7.00 CUM PFD 376536603 2,576 102,035 SH   SOLE   102,035 0 0
Gladstone Investment 6.25 CUM PFD 376546503 740 29,250 SH   SOLE   29,250 0 0
Global Indemnity SrNts7.75 Ca PFD g3933f121 1,827 73,060 SH   SOLE   73,060 0 0
Goldman 5.5 Flt Aftr 5/23 Cl PFD 38145g308 1,841 72,604 SH   SOLE   72,604 0 0
GoldmanSachs Lib75 Min3.75 C PFD 38143y665 634 28,689 SH   SOLE   28,689 0 0
HSBC Hldgs 8.0 Prp Cl 12/15 B PFD 404280802 2,635 102,130 SH   SOLE   102,130 0 0
Hanover Insurance6.35 Cl3/18 PFD 410867204 1,289 51,565 SH   SOLE   51,565 0 0
Hartford Finl 7.875 2042 call PFD 416518504 1,263 42,619 SH   SOLE   42,619 0 0
Hercules Capital 6.25SrNts 24 PFD 427096862 226 8,900 SH   SOLE   8,900 0 0
Hercules Capital 7 BBB- Calle PFD 427096870 256 9,996 SH   SOLE   9,996 0 0
Hersha Hospitality 6.50 NR Ca PFD 427825609 385 17,219 SH   SOLE   17,219 0 0
ING Grp NV 7.20Pfd Perp/Cl l2 PFD 456837301 271 10,597 SH   SOLE   10,597 0 0
IberiaBank Corp 6.60 Call 5/1 PFD 450828504 901 33,927 SH   SOLE   33,927 0 0
Investors REIT 7.95 Perp CUM PFD 461730301 1,311 51,659 SH   SOLE   51,659 0 0
JMP Group 8.00 SrDeb Due1/202 PFD 46629u206 411 16,264 SH   SOLE   16,264 0 0
JPMorgan Chase 6.70Perp/Call PFD 48127a161 1,709 63,611 SH   SOLE   63,611 0 0
KKR Financial 7.50 SrNts Call PFD 48248a504 4,124 162,599 SH   SOLE   162,599 0 0
LaSalle Hotel 6.3 Call 5/2021 PFD 517942884 265 11,400 SH   SOLE   11,400 0 0
LaSalle Hotel 6.375 Call 3/20 PFD 517942801 218 9,037 SH   SOLE   9,037 0 0
LaSalle Hotel 7.50 Perp CUM C PFD 517942702 1,690 67,451 SH   SOLE   67,451 0 0
M / I Homes 9.75 Pfd Call 11/ PFD 55305b200 408 15,952 SH   SOLE   15,952 0 0
M&T Bank 6.375 Cl 11/18 BBB- PFD 55261f708 489 484 SH   SOLE   484 0 0
MFA Financial 7.5 Prp Cl 4/15 PFD 55272x409 216 8,918 SH   SOLE   8,918 0 0
Maiden Hldgs 8.00rSNts 2042 c PFD 56029q309 2,050 80,726 SH   SOLE   80,726 0 0
Maiden Holdings 7.125PrpCl 12 PFD g5753u138 759 29,390 SH   SOLE   29,390 0 0
Maiden Holdings 8.25Prp Cl8/2 PFD g5753u120 1,934 74,837 SH   SOLE   74,837 0 0
Medley Capitl 6.875Notes Due2 PFD 58503y105 267 11,100 SH   SOLE   11,100 0 0
MetLife 3MoLibor100 Min 4.0 PFD 59156r504 225 9,666 SH   SOLE   9,666 0 0
Morgan Stanley 3MoLib70bp 4F PFD 61747s504 549 23,884 SH   SOLE   23,884 0 0
Morgan Stanley 7.125Flt Aftr1 PFD 61762v200 5,206 185,078 SH   SOLE   185,078 0 0
National General 7.5 QDI NA C PFD 636220857 3,997 159,952 SH   SOLE   159,952 0 0
National General Ins7.50Call4 PFD 636220808 3,015 121,508 SH   SOLE   121,508 0 0
National General Ins7.50Call7 PFD 636220709 2,572 102,532 SH   SOLE   102,532 0 0
National General Ins7.625 Cal PFD 636220873 1,857 74,159 SH   SOLE   74,159 0 0
New York MtgTrust 7.875Perp C PFD 649604808 277 12,101 SH   SOLE   12,101 0 0
NewTek Business Svs 7.0Nts du PFD 652526401 237 9,340 SH   SOLE   9,340 0 0
NewTek Business Svs 7.50 Nts PFD 652526302 520 20,111 SH   SOLE   20,111 0 0
News Corp 7.00 12/1/2095 call PFD 863117206 259 10,303 SH   SOLE   10,303 0 0
NorthStar Realty Fin 8.25 CUM PFD 66704R308 350 14,002 SH   SOLE   14,002 0 0
NorthStar Realty Fin 8.50 CUM PFD 66705v209 712 27,944 SH   SOLE   27,944 0 0
NorthStar Realty Fin 8.75 CUM PFD 66704r605 335 13,029 SH   SOLE   13,029 0 0
Northstar Realty Fin 8.75 CUM PFD 66704r209 267 10,527 SH   SOLE   10,527 0 0
Northstar Realty Fin 8.875 CU PFD 66704r506 380 14,867 SH   SOLE   14,867 0 0
NuStar Logistics 7.625Nts Cl PFD 67059t204 1,304 50,525 SH   SOLE   50,525 0 0
Oxford Lane Cap8.125 Cl6/2017 PFD 691543409 220 8,513 SH   SOLE   8,513 0 0
PS Business Parks 6.0 Cl 5/20 PFD 69360j685 271 11,150 SH   SOLE   11,150 0 0
Partner Re 6.50Perp Cal 4/202 PFD g68603136 678 26,150 SH   SOLE   26,150 0 0
Partner Re 7.25 Call 06/21 BB PFD g68603144 6,612 242,293 SH   SOLE   242,293 0 0
Penn Real Estate 8.25 CIM Per PFD 709102404 243 9,621 SH   SOLE   9,621 0 0
Penn RealEstate 7.375CUM Perp PFD 709102503 592 23,669 SH   SOLE   23,669 0 0
Pitney Bowes 6.7 Cl 3/7/18 BB PFD 724479506 320 12,500 SH   SOLE   12,500 0 0
Prospect Captl 6.25 6/24 SrNt PFD 74348t300 1,332 53,050 SH   SOLE   53,050 0 0
Prudential PLC 6.75 PrpCl 9/0 PFD g7293h114 552 21,677 SH   SOLE   21,677 0 0
Quest USWest 7.0 SrNts 2056 2 PFD 74913g808 2,023 80,450 SH   SOLE   80,450 0 0
Quest USWest SnNotes 7.0 2052 PFD 74913G402 1,299 52,600 SH   SOLE   52,600 0 0
Quest USWest Sr Nts6.125Nts C PFD 74913g600 211 9,300 SH   SOLE   9,300 0 0
Quest USWestSnNote7.5 2051 Cl PFD 74913g303 2,250 89,824 SH   SOLE   89,824 0 0
Quest USWestSnNotes 6.875 CL PFD 74913g105 3,084 127,450 SH   SOLE   127,450 0 0
Qwest Corp 6.5 Sr Note 9/56 C PFD 74913g881 2,231 97,640 SH   SOLE   97,640 0 0
Raymond James Final 6.90 Call PFD 754730208 762 30,014 SH   SOLE   30,014 0 0
Realty Income 6.625 Call 2/17 PFD 756109807 287 11,429 SH   SOLE   11,429 0 0
Regency Centers 6.00 Perp CUM PFD 758849806 422 17,400 SH   SOLE   17,400 0 0
Regions Financial 6.375 Cl 12 PFD 7591ep308 424 16,850 SH   SOLE   16,850 0 0
Reinsurance Group of Amer 6.2 PFD 759351703 324 12,000 SH   SOLE   12,000 0 0
Retail Properties of Amer 7.0 PFD 76131v608 410 16,400 SH   SOLE   16,400 0 0
SL Green Realty 6.5 Perp CUM PFD 78440x507 1,792 71,847 SH   SOLE   71,847 0 0
Seaspan 7.875 Perp Cum QDI Ca PFD 81254u304 495 25,418 SH   SOLE   25,418 0 0
Seaspan 7.95 12/2049 Call 1/2 PFD y75638208 265 13,027 SH   SOLE   13,027 0 0
Seaspan 8.20 Perp CUM QDI Cal PFD y75638307 1,124 56,375 SH   SOLE   56,375 0 0
Seaspan 8.25 Perp CUM QDI Cal PFD y75638133 1,560 76,134 SH   SOLE   76,134 0 0
SoCalEd 5.375 CUM cl 2025 QDI PFD 78409g206 718 29,111 SH   SOLE   29,111 0 0
Solar Capital 6.75 Cl 11/17 PFD 83413u308 460 18,273 SH   SOLE   18,273 0 0
Sotherly Hotels 8 Cum Perp C PFD 83600c301 2,240 87,951 SH   SOLE   87,951 0 0
Summit Hotel 7.875 Perp CUM C PFD 866082308 2,865 111,301 SH   SOLE   111,301 0 0
Summit Hotel7.125Perp CUM Cal PFD 866082407 915 36,445 SH   SOLE   36,445 0 0
Sunstone Hotel 6.95 Prp/Cl 3/ PFD 867892606 367 14,479 SH   SOLE   14,479 0 0
Taubman Centers 6.5 CUM NA Cl PFD 876664608 261 10,600 SH   SOLE   10,600 0 0
Telephone & Data 6.875 Cl 11/ PFD 879433845 2,156 87,075 SH   SOLE   87,075 0 0
Telephone & Data 7.0 Cl 3/16 PFD 879433837 796 31,742 SH   SOLE   31,742 0 0
Texas Capitl Bancshares6.50 2 PFD 882228307 470 18,551 SH   SOLE   18,551 0 0
Torchmark Crp 6.125 SubDebCal PFD 891027401 933 36,950 SH   SOLE   36,950 0 0
TravelCenters America 8.00SrN PFD 894174309 3,150 124,475 SH   SOLE   124,475 0 0
TravelCenters SnNotes 8 10/20 PFD 894174408 1,432 57,125 SH   SOLE   57,125 0 0
Triancgle Capitl 6.375Sr Note PFD 895848406 858 33,750 SH   SOLE   33,750 0 0
TriplePoint Venture BDC 6.75 PFD 89677y209 523 20,500 SH   SOLE   20,500 0 0
UMH Propertyies 8.0 Perp Cum PFD 903002301 570 21,275 SH   SOLE   21,275 0 0
US Bancorp 6.5 Flt Aftr 1/22 PFD 902973833 1,249 44,139 SH   SOLE   44,139 0 0
US Celllular SrNts 7.25 2063 PFD 911684504 506 19,900 SH   SOLE   19,900 0 0
US Cellular 6.95SrNT 2060 Cl PFD 911684405 458 18,335 SH   SOLE   18,335 0 0
US Cellular 7.25 SrNts12/2064 PFD 911684603 1,855 72,452 SH   SOLE   72,452 0 0
VEREIT Inc 6.70 Perp CUM Cl 2 PFD 92339v209 849 33,560 SH   SOLE   33,560 0 0
Wells Fargo 5.85Flt Aftr 9/23 PFD 949746556 307 12,150 SH   SOLE   12,150 0 0
Wells Fargo 6.375 Cl 12/19 BB PFD 94988n207 735 29,200 SH   SOLE   29,200 0 0
Wells Fargo 7.5 Cnv@$156 $100 PFD 949746804 16,239 13,646 SH   SOLE   13,646 0 0
Wells Fargo 8.00 Prp Cl12/17 PFD 949746879 9,048 342,342 SH   SOLE   342,342 0 0
Wheeler RealEstate 8.75CUM Pu PFD 963025606 398 16,950 SH   SOLE   16,950 0 0
Bank of America 5.20 Perp/Cal PFD 060505ED2 300 315,000 PRN   SOLE   315,000 0 0
Charles Schwab 7 Perp/Call 2/ PFD 808513AE5 1,844 1,632,000 PRN   SOLE   1,632,000 0 0
Citigroup 5.35 Perp/Call 5/23 PFD 172967GR6 698 740,000 PRN   SOLE   740,000 0 0
Citigroup 5.875 Perp/Call 3/2 PFD 172967JK8 354 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc 5.95 Perp Call PFD 172967GD7 826 820,000 PRN   SOLE   820,000 0 0
Citigroup Inc 6.125 Perp Call PFD 172967KD2 569 550,000 PRN   SOLE   550,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 202 200,000 PRN   SOLE   200,000 0 0
GE Cap Corp 5.00 Perp/Call 1/ PFD 369604BQ5 2,410 2,317,000 PRN   SOLE   2,317,000 0 0
JPMorgan 6.0 Perp/Call 8/23 - PFD 48126HAA8 2,359 2,350,000 PRN   SOLE   2,350,000 0 0
JPMorgan 7.9 Perp/Call 4/18 - PFD 46625HHA1 2,687 2,590,000 PRN   SOLE   2,590,000 0 0
So. Cal Edison 6.25 Perp/Call PFD 842400FU2 749 675,000 PRN   SOLE   675,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 5,364 5,495,000 PRN   SOLE   5,495,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 481 460,000 PRN   SOLE   460,000 0 0