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 250 1 SH   SOLE   1 0 0
3M Company COM 88579y101 20,447 106,868 SH   SOLE   106,868 0 0
ABB Ltd-Spon ADR COM 000375204 3,976 169,895 SH   SOLE   169,895 0 0
AT&T Inc COM 00206r102 8,543 205,606 SH   SOLE   205,606 0 0
AbbVie Inc COM 00287y109 10,417 159,861 SH   SOLE   159,861 0 0
Abbott Laboratories COM 002824100 9,569 215,472 SH   SOLE   215,472 0 0
Accenture PLC-Cl A COM g1151c101 4,371 36,462 SH   SOLE   36,462 0 0
Adamis Pharmaceuticals Corp COM 00547w208 51 12,000 SH   SOLE   12,000 0 0
Adobe Systems Inc COM 00724f101 1,003 7,705 SH   SOLE   7,705 0 0
Aetna Inc COM 00817Y108 863 6,769 SH   SOLE   6,769 0 0
Aflac Inc COM 001055102 903 12,466 SH   SOLE   12,466 0 0
Agilent Technologies Inc COM 00846u101 862 16,298 SH   SOLE   16,298 0 0
Air Products & Chemicals Inc COM 009158106 6,491 47,979 SH   SOLE   47,979 0 0
Alaska Air Group COM 011659109 311 3,374 SH   SOLE   3,374 0 0
Allegion PLC COM g0176j109 224 2,961 SH   SOLE   2,961 0 0
Allergan plc (new) COM g0177j108 688 2,879 SH   SOLE   2,879 0 0
Allstate Corp COM 020002101 471 5,778 SH   SOLE   5,778 0 0
Alphabet Inc-Cl A COM 02079k305 7,934 9,358 SH   SOLE   9,358 0 0
Alphabet Inc-Cl C COM 02079k107 5,291 6,378 SH   SOLE   6,378 0 0
Altria Group Inc COM 02209s103 11,580 162,136 SH   SOLE   162,136 0 0
Amarillo Gold Corp COM 02301t108 4 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 2,785 3,141 SH   SOLE   3,141 0 0
American Electric Power COM 025537101 503 7,492 SH   SOLE   7,492 0 0
American Express Co COM 025816109 1,511 19,094 SH   SOLE   19,094 0 0
American Tower Corp COM 03027x100 351 2,885 SH   SOLE   2,885 0 0
AmerisourceBergen Corp COM 03073e105 337 3,811 SH   SOLE   3,811 0 0
Ametek Inc COM 031100100 224 4,141 SH   SOLE   4,141 0 0
Amgen Inc COM 031162100 2,540 15,481 SH   SOLE   15,481 0 0
Anthem Inc COM 036752103 2,746 16,607 SH   SOLE   16,607 0 0
Apple Inc COM 037833100 37,571 261,524 SH   SOLE   261,524 0 0
Archer-Daniels-Midland Co COM 039483102 912 19,819 SH   SOLE   19,819 0 0
Ares Capital Corp COM 04010l103 268 15,440 SH   SOLE   15,440 0 0
Automatic Data Processing COM 053015103 18,667 182,310 SH   SOLE   182,310 0 0
BCE Inc COM 05534b760 2,329 52,603 SH   SOLE   52,603 0 0
Bank Of Marin Bancorp/CA COM 063425102 762 11,841 SH   SOLE   11,841 0 0
Bank Of New York Mellon Corp COM 064058100 211 4,465 SH   SOLE   4,465 0 0
Bank of America Corp COM 060505104 8,336 353,358 SH   SOLE   353,358 0 0
Baxter International Inc. COM 071813109 384 7,411 SH   SOLE   7,411 0 0
Becton Dickinson & Co COM 075887109 3,152 17,182 SH   SOLE   17,182 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 3,833 22,999 SH   SOLE   22,999 0 0
Biogen Inc COM 09062x103 1,226 4,485 SH   SOLE   4,485 0 0
Blackrock Inc COM 09247x101 254 663 SH   SOLE   663 0 0
Blackstone Group/The COM 09253u108 1,194 40,206 SH   SOLE   40,206 0 0
Boeing Co COM 097023105 2,393 13,529 SH   SOLE   13,529 0 0
Bristol-Myers Squibb Co COM 110122108 16,187 297,666 SH   SOLE   297,666 0 0
Broadcom Ltd COM y09827109 272 1,240 SH   SOLE   1,240 0 0
Brown-Forman Corp -Cl B COM 115637209 297 6,429 SH   SOLE   6,429 0 0
CBS Corp Class B COM 124857202 2,662 38,379 SH   SOLE   38,379 0 0
CR Bard Inc COM 067383109 541 2,177 SH   SOLE   2,177 0 0
CSX Corp COM 126408103 205 4,410 SH   SOLE   4,410 0 0
CVS Health Corp COM 126650100 3,811 48,544 SH   SOLE   48,544 0 0
CalAtlantic Group COM 128195104 974 26,000 SH   SOLE   26,000 0 0
Canadian Natl Railway Co COM 136375102 243 3,290 SH   SOLE   3,290 0 0
CarMax Inc COM 143130102 207 3,500 SH   SOLE   3,500 0 0
Caterpillar Inc COM 149123101 2,950 31,805 SH   SOLE   31,805 0 0
Celgene Corp COM 151020104 805 6,472 SH   SOLE   6,472 0 0
CenterPoint Energy Inc COM 15189t107 2,196 79,645 SH   SOLE   79,645 0 0
Cerner Corp COM 156782104 3,272 55,596 SH   SOLE   55,596 0 0
Cerus Corp COM 157085101 45 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 1,263 12,301 SH   SOLE   12,301 0 0
Chevron Corp COM 166764100 27,772 258,661 SH   SOLE   258,661 0 0
Chubb Ltd (new) COM h1467j104 2,794 20,507 SH   SOLE   20,507 0 0
Cigna Corp COM 125509109 228 1,558 SH   SOLE   1,558 0 0
Cincinnati Financial Corp COM 172062101 679 9,390 SH   SOLE   9,390 0 0
Cintas Corp COM 172908105 472 3,733 SH   SOLE   3,733 0 0
Cisco Systems Inc COM 17275R102 4,674 138,297 SH   SOLE   138,297 0 0
Citigroup Inc COM 172967424 377 6,301 SH   SOLE   6,301 0 0
Citizens Financial Group COM 174610105 511 14,780 SH   SOLE   14,780 0 0
Clorox Company COM 189054109 14,689 108,947 SH   SOLE   108,947 0 0
Coca-Cola Co/The COM 191216100 5,147 121,280 SH   SOLE   121,280 0 0
Colgate-Palmolive Co COM 194162103 9,670 132,121 SH   SOLE   132,121 0 0
Comcast Corp-Cl A COM 20030n101 10,292 273,808 SH   SOLE   273,808 0 0
Conagra Brands Inc COM 205887102 1,229 30,474 SH   SOLE   30,474 0 0
ConocoPhillips COM 20825C104 5,566 111,604 SH   SOLE   111,604 0 0
Consolidated Edison Inc COM 209115104 812 10,458 SH   SOLE   10,458 0 0
Costco Wholesale Corp COM 22160K105 19,310 115,154 SH   SOLE   115,154 0 0
Crown Castle Intl Corp COM 22822v101 15,938 168,748 SH   SOLE   168,748 0 0
DISH Network Corp COM 25470m109 285 4,482 SH   SOLE   4,482 0 0
DTE Energy Company COM 233331107 229 2,247 SH   SOLE   2,247 0 0
Danaher Corp COM 235851102 4,550 53,202 SH   SOLE   53,202 0 0
Deere & Co COM 244199105 1,308 12,017 SH   SOLE   12,017 0 0
Diageo Plc-Sponsored ADR COM 25243q205 521 4,508 SH   SOLE   4,508 0 0
Dick's Sporting Goods Inc COM 253393102 664 13,638 SH   SOLE   13,638 0 0
Disney Co./Walt The COM 254687106 19,990 176,290 SH   SOLE   176,290 0 0
Dominion Resources Inc/Va COM 25746u109 685 8,833 SH   SOLE   8,833 0 0
Dover Corp COM 260003108 568 7,071 SH   SOLE   7,071 0 0
Dow Chemical COM 260543103 596 9,382 SH   SOLE   9,382 0 0
Dr Pepper Snapple Group Inc COM 26138e109 689 7,033 SH   SOLE   7,033 0 0
Du Pont (E.I.) De Nemours COM 263534109 8,525 106,120 SH   SOLE   106,120 0 0
Duke Energy Corp COM 26441c204 741 9,036 SH   SOLE   9,036 0 0
ETFS Physical Precious Metals COM 26922w109 251 3,940 SH   SOLE   3,940 0 0
Eaton Corp PLC COM g29183103 1,191 16,061 SH   SOLE   16,061 0 0
Ecolab Inc COM 278865100 12,614 100,641 SH   SOLE   100,641 0 0
Edison International COM 281020107 10,782 135,434 SH   SOLE   135,434 0 0
Electronic Arts Inc COM 285512109 227 2,531 SH   SOLE   2,531 0 0
Eli Lilly & Co COM 532457108 4,733 56,277 SH   SOLE   56,277 0 0
Emerson Electric Co COM 291011104 1,966 32,850 SH   SOLE   32,850 0 0
Enbridge Inc COM 29250n105 4,314 103,117 SH   SOLE   103,117 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 931 33,728 SH   SOLE   33,728 0 0
Essex Property Trust Inc COM 297178105 417 1,800 SH   SOLE   1,800 0 0
Eurasian Minerals Inc COM 29843r100 51 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 364 6,188 SH   SOLE   6,188 0 0
Express Scripts Holding Co. COM 30219g108 770 11,685 SH   SOLE   11,685 0 0
Exxon Mobil Corp COM 30231G102 10,527 128,359 SH   SOLE   128,359 0 0
Facebook Inc COM 30303m102 42,286 297,684 SH   SOLE   297,684 0 0
Fanhua Inc-Sponsored ADR COM 30712a103 145 16,799 SH   SOLE   16,799 0 0
FedEx Corp COM 31428x106 827 4,236 SH   SOLE   4,236 0 0
First Republic Bank/San Franci COM 33616C100 4,866 51,869 SH   SOLE   51,869 0 0
First Trust Mid Cap Growth Alp COM 33737m102 1,931 57,666 SH   SOLE   57,666 0 0
First Trust Mid Cap Value ETF COM 33737m201 294 8,783 SH   SOLE   8,783 0 0
First Trust Morningstar Divide COM 336917109 1,542 53,516 SH   SOLE   53,516 0 0
First Trust Rising Dividend Ac COM 33738r506 302 11,384 SH   SOLE   11,384 0 0
Ford Motor Co COM 345370860 281 24,160 SH   SOLE   24,160 0 0
Fortinet Inc COM 34959e109 368 9,590 SH   SOLE   9,590 0 0
Fortive Corp COM 34959j108 236 3,913 SH   SOLE   3,913 0 0
Franklin Covey Co COM 353469109 202 10,000 SH   SOLE   10,000 0 0
Freeport McMoRan Inc-B COM 35671d857 147 11,020 SH   SOLE   11,020 0 0
Frontier Communications Corp COM 35906a108 103 48,227 SH   SOLE   48,227 0 0
General Dynamics Corp COM 369550108 3,181 16,991 SH   SOLE   16,991 0 0
General Electric Co COM 369604103 22,399 751,658 SH   SOLE   751,658 0 0
General Mills Inc COM 370334104 5,907 100,098 SH   SOLE   100,098 0 0
General Motors Co COM 37045v100 269 7,605 SH   SOLE   7,605 0 0
Genuine Parts Co COM 372460105 6,339 68,601 SH   SOLE   68,601 0 0
Gilead Sciences Inc COM 375558103 937 13,789 SH   SOLE   13,789 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 1,085 25,743 SH   SOLE   25,743 0 0
Global Brands Group Holding COM g39338101 1 10,000 SH   SOLE   10,000 0 0
Goldman Sach Active Beta US La COM 381430503 208 4,446 SH   SOLE   4,446 0 0
Goldman Sachs Group Inc COM 38141G104 571 2,485 SH   SOLE   2,485 0 0
Grainger (W.W.) Inc COM 384802104 682 2,931 SH   SOLE   2,931 0 0
Great Plains Energy Inc COM 391164100 1,212 41,465 SH   SOLE   41,465 0 0
Groupon Inc COM 399473107 267 68,000 SH   SOLE   68,000 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 807 4,833 SH   SOLE   4,833 0 0
Guggenheim S&P Equal Weight COM 78355w106 687 7,569 SH   SOLE   7,569 0 0
Guggenheim S&P Equal Weight En COM 78355w866 614 10,378 SH   SOLE   10,378 0 0
Guggenheim S&P Equal Weight Fi COM 78355w858 517 13,703 SH   SOLE   13,703 0 0
HCP Inc REIT COM 40414l109 5,639 180,262 SH   SOLE   180,262 0 0
Hess Corp COM 42809h107 337 7,000 SH   SOLE   7,000 0 0
Hewlett Packard Enterprise COM 42824c109 209 8,824 SH   SOLE   8,824 0 0
Home Depot Inc COM 437076102 13,977 95,194 SH   SOLE   95,194 0 0
Honeywell International Inc COM 438516106 5,896 47,218 SH   SOLE   47,218 0 0
Hormel Foods Corp COM 440452100 743 21,459 SH   SOLE   21,459 0 0
Illinois Tool Works COM 452308109 1,175 8,870 SH   SOLE   8,870 0 0
Ingersoll-Rand PLC COM g47791101 2,441 30,014 SH   SOLE   30,014 0 0
Intel Corp COM 458140100 14,725 408,228 SH   SOLE   408,228 0 0
International Paper Co COM 460146103 232 4,561 SH   SOLE   4,561 0 0
Intl Business Machines Corp COM 459200101 4,401 25,274 SH   SOLE   25,274 0 0
Intl Flavors & Fragrances COM 459506101 828 6,250 SH   SOLE   6,250 0 0
Ivanhoe Mines Ltd COM 46579r104 833 240,000 SH   SOLE   240,000 0 0
JPMorgan Chase & Co COM 46625H100 11,711 133,326 SH   SOLE   133,326 0 0
Jacobs Engineering Group Inc COM 469814107 315 5,703 SH   SOLE   5,703 0 0
Johnson & Johnson COM 478160104 32,609 261,818 SH   SOLE   261,818 0 0
Johnson Controls Intl PLC COM g51502105 1,391 33,015 SH   SOLE   33,015 0 0
KKR & Co LP COM 48248m102 226 12,400 SH   SOLE   12,400 0 0
Keysight Technologies Inc COM 49338l103 274 7,584 SH   SOLE   7,584 0 0
Kimberly-Clark Corp COM 494368103 18,959 144,035 SH   SOLE   144,035 0 0
Kinder Morgan Inc COM 49456b101 4,949 227,659 SH   SOLE   227,659 0 0
Kraft Heinz Co/The COM 500754106 3,299 36,333 SH   SOLE   36,333 0 0
L3 Technologies Inc COM 502413107 430 2,601 SH   SOLE   2,601 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 2,128 14,835 SH   SOLE   14,835 0 0
Lam Research Corp COM 512807108 282 2,194 SH   SOLE   2,194 0 0
Lamb Weston Holdings Inc COM 513272104 373 8,867 SH   SOLE   8,867 0 0
Leggett & Platt Inc COM 524660107 593 11,788 SH   SOLE   11,788 0 0
Li & Fung Ltd COM g5485f169 4 10,000 SH   SOLE   10,000 0 0
Liberty Global PLC-A COM g5480u104 579 16,145 SH   SOLE   16,145 0 0
Lockheed Martin Corp COM 539830109 5,073 18,959 SH   SOLE   18,959 0 0
Lowe's Cos Inc COM 548661107 4,417 53,723 SH   SOLE   53,723 0 0
Lululemon Athletica Inc COM 550021109 454 8,760 SH   SOLE   8,760 0 0
Marathon Petroleum Corp COM 56585a102 343 6,794 SH   SOLE   6,794 0 0
Marriott International-Cl A COM 571903202 4,082 43,342 SH   SOLE   43,342 0 0
Masimo Corporation COM 574795100 225 2,415 SH   SOLE   2,415 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,480 25,427 SH   SOLE   25,427 0 0
McDonald's Corp COM 580135101 12,824 98,940 SH   SOLE   98,940 0 0
McKesson Corp COM 58155q103 336 2,267 SH   SOLE   2,267 0 0
Medical Properties Trust Inc COM 58463j304 218 16,919 SH   SOLE   16,919 0 0
Medtronic PLC COM g5960l103 6,390 79,314 SH   SOLE   79,314 0 0
Merck & Co. Inc. COM 58933y105 9,094 143,121 SH   SOLE   143,121 0 0
Microsoft Corp COM 594918104 22,205 337,160 SH   SOLE   337,160 0 0
Middleby Corp COM 596278101 225 1,648 SH   SOLE   1,648 0 0
Mobileye NV COM n51488117 1,042 16,963 SH   SOLE   16,963 0 0
Mondelez International COM 609207105 2,263 52,534 SH   SOLE   52,534 0 0
Morgan Stanley COM 617446448 3,442 80,350 SH   SOLE   80,350 0 0
NXP Semi itted for Tende COM N6596x109 883 8,490 SH   SOLE   8,490 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 3,731 48,521 SH   SOLE   48,521 0 0
NextEra Energy Inc COM 65339f101 14,285 111,276 SH   SOLE   111,276 0 0
Nike Inc -Cl B COM 654106103 9,522 170,867 SH   SOLE   170,867 0 0
Nordstrom Inc COM 655664100 291 6,248 SH   SOLE   6,248 0 0
Norfolk Southern Corp COM 655844108 524 4,682 SH   SOLE   4,682 0 0
Northrop Grumman Corp COM 666807102 226 949 SH   SOLE   949 0 0
Novartis Ag-ADR COM 66987v109 2,529 34,054 SH   SOLE   34,054 0 0
Nucor Corp COM 670346105 402 6,736 SH   SOLE   6,736 0 0
Occidental Petroleum Corp COM 674599105 5,249 82,840 SH   SOLE   82,840 0 0
Oracle Corp COM 68389x105 3,939 88,290 SH   SOLE   88,290 0 0
P G & E Corp COM 69331c108 765 11,525 SH   SOLE   11,525 0 0
Paccar Inc COM 693718108 1,389 20,668 SH   SOLE   20,668 0 0
Palo Alto Networks COM 697435105 1,127 9,999 SH   SOLE   9,999 0 0
Parker-Hannifin Corp COM 701094104 300 1,873 SH   SOLE   1,873 0 0
Paychex Inc COM 704326107 204 3,467 SH   SOLE   3,467 0 0
Pentair PLC COM g7s00t104 533 8,496 SH   SOLE   8,496 0 0
PepsiCo Inc COM 713448108 9,571 85,562 SH   SOLE   85,562 0 0
Pfizer Inc COM 717081103 9,632 281,568 SH   SOLE   281,568 0 0
Philip Morris International COM 718172109 2,982 26,416 SH   SOLE   26,416 0 0
Phillips 66 COM 718546104 289 3,654 SH   SOLE   3,654 0 0
Piedmont Office Realty Trust COM 720190206 406 19,000 SH   SOLE   19,000 0 0
Plains All American Pipeline L COM 726503105 202 6,392 SH   SOLE   6,392 0 0
Potash Corp Of Saskatchewan COM 73755l107 186 10,895 SH   SOLE   10,895 0 0
PowerShares Buyback Achievers COM 73935x286 261 5,026 SH   SOLE   5,026 0 0
PowerShares Preferred Portfoli COM 73936t565 13,079 882,507 SH   SOLE   882,507 0 0
Powershares KBW Regional Bank COM 73937b712 333 6,200 SH   SOLE   6,200 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 4,203 31,750 SH   SOLE   31,750 0 0
Praxair Inc COM 74005p104 2,412 20,335 SH   SOLE   20,335 0 0
Preferred Apartment Communitie COM 74039l103 3,685 278,950 SH   SOLE   278,950 0 0
ProLogis Inc COM 74340w103 616 11,870 SH   SOLE   11,870 0 0
Procter & Gamble Co COM 742718109 27,226 303,012 SH   SOLE   303,012 0 0
Public Service Enterprise Grou COM 744573106 2,524 56,916 SH   SOLE   56,916 0 0
Public Storage Inc COM 74460d109 447 2,040 SH   SOLE   2,040 0 0
Qualcomm Inc COM 747525103 430 7,497 SH   SOLE   7,497 0 0
Quest Diagnostics COM 74834l100 297 3,025 SH   SOLE   3,025 0 0
Raytheon Company COM 755111507 2,225 14,593 SH   SOLE   14,593 0 0
Realty Income Corp COM 756109104 12,047 202,375 SH   SOLE   202,375 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 450 1,162 SH   SOLE   1,162 0 0
Retail Properties of America COM 76131v202 359 24,893 SH   SOLE   24,893 0 0
Robert Half Intl Inc COM 770323103 298 6,108 SH   SOLE   6,108 0 0
Roche Holdings LTD-Spons ADR COM 771195104 3,868 120,750 SH   SOLE   120,750 0 0
Rockwell Automation Inc COM 773903109 216 1,388 SH   SOLE   1,388 0 0
Rockwell Collins Inc. COM 774341101 717 7,375 SH   SOLE   7,375 0 0
Roper Technologies Inc COM 776696106 263 1,273 SH   SOLE   1,273 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 448 8,505 SH   SOLE   8,505 0 0
S&P Global Inc COM 78409v104 1,404 10,738 SH   SOLE   10,738 0 0
SAP SE-Sponsored ADR COM 803054204 764 7,785 SH   SOLE   7,785 0 0
SPDR Consumer Discretionary Se COM 81369y407 9,770 111,088 SH   SOLE   111,088 0 0
SPDR Consumer Staples Select S COM 81369y308 6,741 123,501 SH   SOLE   123,501 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,108 5,371 SH   SOLE   5,371 0 0
SPDR Energy Select Sector COM 81369y506 14,921 213,460 SH   SOLE   213,460 0 0
SPDR Financial Select Sector COM 81369y605 7,742 326,265 SH   SOLE   326,265 0 0
SPDR Gold Trust COM 78463v107 1,704 14,353 SH   SOLE   14,353 0 0
SPDR Health Care Select Sector COM 81369y209 9,492 127,643 SH   SOLE   127,643 0 0
SPDR Industrial Select Sector COM 81369y704 7,657 117,693 SH   SOLE   117,693 0 0
SPDR Materials Select Sector COM 81369y100 2,338 44,607 SH   SOLE   44,607 0 0
SPDR Morgan Stanley Technology COM 78464a102 829 12,049 SH   SOLE   12,049 0 0
SPDR Real Estate Sector COM 81369y860 677 21,436 SH   SOLE   21,436 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 7,817 33,158 SH   SOLE   33,158 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 362 5,414 SH   SOLE   5,414 0 0
SPDR S&P Biotech ETF COM 78464a870 835 12,042 SH   SOLE   12,042 0 0
SPDR S&P Dividend COM 78464a763 12,499 141,809 SH   SOLE   141,809 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 11,045 35,354 SH   SOLE   35,354 0 0
SPDR S&P Regional Banking COM 78464a698 1,545 28,292 SH   SOLE   28,292 0 0
SPDR Technology Select Sector COM 81369y803 15,402 288,921 SH   SOLE   288,921 0 0
SPDR Utilities Select Sector COM 81369y886 1,599 31,158 SH   SOLE   31,158 0 0
SVB Financial Group COM 78486q101 4,559 24,500 SH   SOLE   24,500 0 0
Salesforce.Com Inc COM 79466l302 1,729 20,964 SH   SOLE   20,964 0 0
Scana Corp COM 80589m102 805 12,324 SH   SOLE   12,324 0 0
Schlumberger Ltd COM 806857108 639 8,188 SH   SOLE   8,188 0 0
Schwab (Charles) Corp COM 808513105 818 20,035 SH   SOLE   20,035 0 0
Schwab Intl Equity ETF COM 808524805 236 7,904 SH   SOLE   7,904 0 0
Schwab US Broad Market ETF COM 808524102 1,853 32,467 SH   SOLE   32,467 0 0
Schwab US Dividend Equity ETF COM 808524797 7,498 168,189 SH   SOLE   168,189 0 0
Schwab US Large-Cap ETF COM 808524201 2,011 35,738 SH   SOLE   35,738 0 0
Schwab US Mid-Cap ETF COM 808524508 1,418 29,964 SH   SOLE   29,964 0 0
Semiconductor ETF VanEck Vecto COM 92189f676 719 9,022 SH   SOLE   9,022 0 0
Sempra Energy COM 816851109 3,726 33,722 SH   SOLE   33,722 0 0
Sherwin Williams Co COM 824348106 656 2,115 SH   SOLE   2,115 0 0
Siemens Ag-Spons ADR COM 826197501 264 3,854 SH   SOLE   3,854 0 0
Silvercorp Metals Inc COM 82835p103 35 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 349 2,028 SH   SOLE   2,028 0 0
Southern Co COM 842587107 1,716 34,466 SH   SOLE   34,466 0 0
Southwest Airlines COM 844741108 458 8,523 SH   SOLE   8,523 0 0
Spectral Medical Inc COM 847577103 8 25,000 SH   SOLE   25,000 0 0
Sprott Resource Holdings Inc COM 85209d101 248 1,580,502 SH   SOLE   1,580,502 0 0
Stanley Black & Decker Inc COM 854502101 6,506 48,963 SH   SOLE   48,963 0 0
Starbucks Corp COM 855244109 7,476 128,044 SH   SOLE   128,044 0 0
State Street Corp COM 857477103 297 3,725 SH   SOLE   3,725 0 0
Stryker Corp COM 863667101 226 1,715 SH   SOLE   1,715 0 0
Sysco Corp COM 871829107 772 14,861 SH   SOLE   14,861 0 0
T Rowe Price Group Inc COM 74144t108 234 3,427 SH   SOLE   3,427 0 0
TJX Companies Inc COM 872540109 531 6,720 SH   SOLE   6,720 0 0
Target Corp COM 87612e106 5,456 98,867 SH   SOLE   98,867 0 0
Tesla Motors Inc COM 88160r101 1,012 3,638 SH   SOLE   3,638 0 0
Teva Pharmaceutical-Sp ADR COM 881624209 217 6,769 SH   SOLE   6,769 0 0
Texas Instruments Inc COM 882508104 545 6,766 SH   SOLE   6,766 0 0
Thermo Fisher Scientific Inc COM 883556102 263 1,711 SH   SOLE   1,711 0 0
Time Warner Inc COM 887317303 3,077 31,490 SH   SOLE   31,490 0 0
Toronto Dominion Bank COM 891160509 5,009 99,996 SH   SOLE   99,996 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,876 17,270 SH   SOLE   17,270 0 0
Travelers Cos Inc/The COM 89417e109 3,375 28,002 SH   SOLE   28,002 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 4,125 80,103 SH   SOLE   80,103 0 0
UDR Inc COM 902653104 257 7,080 SH   SOLE   7,080 0 0
Unilever N V -NY Shares COM 904784709 4,405 88,671 SH   SOLE   88,671 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,769 35,853 SH   SOLE   35,853 0 0
Union Pacific Corp COM 907818108 2,117 19,990 SH   SOLE   19,990 0 0
United Parcel Service-Cl B COM 911312106 8,791 81,926 SH   SOLE   81,926 0 0
United Technologies Corp COM 913017109 3,353 29,881 SH   SOLE   29,881 0 0
UnitedHealth Group Inc COM 91324P102 1,757 10,716 SH   SOLE   10,716 0 0
Valero Energy Corp COM 91913Y100 209 3,158 SH   SOLE   3,158 0 0
VanEck Vectors Pharmaceutical COM 92189f692 341 6,193 SH   SOLE   6,193 0 0
Vanguard Consumer Discretionar COM 92204a108 530 3,824 SH   SOLE   3,824 0 0
Vanguard Consumer Staples Vipe COM 92204a207 300 2,135 SH   SOLE   2,135 0 0
Vanguard Developed Mkts COM 921943858 1,271 32,335 SH   SOLE   32,335 0 0
Vanguard Dividend Appreciation COM 921908844 701 7,795 SH   SOLE   7,795 0 0
Vanguard Emerging Mkts COM 922042858 707 17,800 SH   SOLE   17,800 0 0
Vanguard High Div Yield COM 921946406 3,122 40,204 SH   SOLE   40,204 0 0
Vanguard Info Tech Vipers COM 92204a702 683 5,036 SH   SOLE   5,036 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 284 2,630 SH   SOLE   2,630 0 0
Vanguard Mid-Cap COM 922908629 2,860 20,540 SH   SOLE   20,540 0 0
Vanguard REIT COM 922908553 656 7,945 SH   SOLE   7,945 0 0
Vanguard Small-Cap Vipers COM 922908751 2,166 16,254 SH   SOLE   16,254 0 0
Vanguard Total Stock Market COM 922908769 16,580 136,661 SH   SOLE   136,661 0 0
Varex Imaging Corp COM 92214x106 208 6,199 SH   SOLE   6,199 0 0
Varian Medical Systems Inc COM 92220P105 2,134 23,413 SH   SOLE   23,413 0 0
Verisk Analytics Inc-Class A COM 92345Y106 677 8,340 SH   SOLE   8,340 0 0
Verizon Communications Inc COM 92343v104 29,301 601,039 SH   SOLE   601,039 0 0
Visa Inc-Class A Shares COM 92826c839 2,892 32,537 SH   SOLE   32,537 0 0
Vornado Realty Trust COM 929042109 7,127 71,049 SH   SOLE   71,049 0 0
WEC Energy Group Inc COM 92939u106 5,405 89,144 SH   SOLE   89,144 0 0
Wal-Mart Stores Inc COM 931142103 1,432 19,871 SH   SOLE   19,871 0 0
Walgreens Boots Alliance Inc COM 931427108 12,285 147,926 SH   SOLE   147,926 0 0
Waste Management Inc COM 94106l109 14,888 204,169 SH   SOLE   204,169 0 0
Wells Fargo & Company COM 949746101 35,950 645,889 SH   SOLE   645,889 0 0
Westamerica Bancorportaion COM 957090103 650 11,646 SH   SOLE   11,646 0 0
Weyerhaeuser Co COM 962166104 597 17,557 SH   SOLE   17,557 0 0
Whirlpool Corp COM 963320106 2,339 13,651 SH   SOLE   13,651 0 0
White Mountains Insurance Grou COM g9618e107 658 748 SH   SOLE   748 0 0
Whole Foods Market Inc COM 966837106 3,127 105,199 SH   SOLE   105,199 0 0
Williams Cos Inc COM 969457100 4,213 142,373 SH   SOLE   142,373 0 0
Williams-Sonoma Inc COM 969904101 5,158 96,195 SH   SOLE   96,195 0 0
WisdomTree MidCap Div Index COM 97717w505 215 2,203 SH   SOLE   2,203 0 0
Xcel Energy Inc COM 98389b100 243 5,461 SH   SOLE   5,461 0 0
Yahoo! Inc COM 984332106 953 20,535 SH   SOLE   20,535 0 0
Yum! Brands Inc COM 988498101 291 4,558 SH   SOLE   4,558 0 0
Zimmer Biomet Holdings Inc COM 98956p102 2,690 22,029 SH   SOLE   22,029 0 0
iShares Core Dividend Growth COM 46434v621 813 26,697 SH   SOLE   26,697 0 0
iShares Core US Value COM 464287663 233 4,608 SH   SOLE   4,608 0 0
iShares DJ Select Dividend Ind COM 464287168 7,569 83,081 SH   SOLE   83,081 0 0
iShares DJ US Energy Sector COM 464287796 1,014 26,323 SH   SOLE   26,323 0 0
iShares DJ US Financial Sect COM 464287788 1,212 11,652 SH   SOLE   11,652 0 0
iShares DJ US Health Car Pro COM 464288828 276 2,055 SH   SOLE   2,055 0 0
iShares DJ US Medical Device COM 464288810 296 1,952 SH   SOLE   1,952 0 0
iShares DJ US Telecommunicatio COM 464287713 1,304 40,319 SH   SOLE   40,319 0 0
iShares DJ US Transport Index COM 464287192 1,660 10,125 SH   SOLE   10,125 0 0
iShares Goldman Sachs Tech I COM 464287721 312 2,310 SH   SOLE   2,310 0 0
iShares MSCI EAFE Index COM 464287465 809 12,987 SH   SOLE   12,987 0 0
iShares MSCI Emerging Markets COM 464287234 288 7,305 SH   SOLE   7,305 0 0
iShares MSCI USA Quality Facto COM 46432f339 982 13,495 SH   SOLE   13,495 0 0
iShares Nasdaq Biotech Index F COM 464287556 5,911 20,155 SH   SOLE   20,155 0 0
iShares Russell 1000 Growth COM 464287614 941 8,265 SH   SOLE   8,265 0 0
iShares Russell 1000 Value COM 464287598 216 1,882 SH   SOLE   1,882 0 0
iShares Russell 2000 Index Fun COM 464287655 516 3,751 SH   SOLE   3,751 0 0
iShares Russell Midcap Growth COM 464287481 213 2,057 SH   SOLE   2,057 0 0
iShares S&P 100 Index Fund COM 464287101 1,858 17,742 SH   SOLE   17,742 0 0
iShares S&P 500 Index Fund COM 464287200 1,813 7,643 SH   SOLE   7,643 0 0
iShares S&P 500 Value Index Fu COM 464287408 208 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 547 13,065 SH   SOLE   13,065 0 0
iShares S&P Global 100 COM 464287572 674 8,246 SH   SOLE   8,246 0 0
iShares S&P Midcap 400 COM 464287507 1,619 9,457 SH   SOLE   9,457 0 0
iShares S&P Midcap 400/Value COM 464287705 453 3,050 SH   SOLE   3,050 0 0
iShares S&P SmallCap 600 COM 464287804 506 7,310 SH   SOLE   7,310 0 0
iShares S&P US Preferred Stock COM 464288687 9,155 236,576 SH   SOLE   236,576 0 0
AEGON 8.00 2042 Notes Call 08 PFD 007924608 2,774 106,781 SH   SOLE   106,781 0 0
AGNC Investment Corp 7.75 Per PFD 00123q302 852 32,765 SH   SOLE   32,765 0 0
AGNC Investment Corp 8.0 Perp PFD 02503x204 1,005 39,095 SH   SOLE   39,095 0 0
AON Cap 8.205 1/27 Non-Call B PFD 22532r101 2,196 66,144 SH   SOLE   66,144 0 0
Affiliated Mgrs Grp 6.375 SrN PFD 008252876 370 14,483 SH   SOLE   14,483 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 300 11,290 SH   SOLE   11,290 0 0
Allied Capital ARCC6.875- 4/20 PFD 01903q207 253 9,798 SH   SOLE   9,798 0 0
American Homes 4Rent 6.50- Per PFD 02665t702 384 14,371 SH   SOLE   14,371 0 0
Amtrust Financial 6.95 QDI Ca PFD 032359820 429 19,086 SH   SOLE   19,086 0 0
Amtrust Financial 7.25 CUM QD PFD 032359507 294 12,659 SH   SOLE   12,659 0 0
Amtrust Financial 7.25 SrNt C PFD 032359861 306 12,200 SH   SOLE   12,200 0 0
Amtrust Financial 7.5 QDI Cal PFD 032359887 2,732 115,082 SH   SOLE   115,082 0 0
Amtrust Financial 7.50 Nts 205 PFD 032359853 529 21,196 SH   SOLE   21,196 0 0
Amtrust Financial 7.625 CUM QD PFD 032359705 3,668 154,575 SH   SOLE   154,575 0 0
Amtrust Financial 7.75 QDI Ca PFD 032359846 2,033 83,736 SH   SOLE   83,736 0 0
Annaly Capital 7.625 CUM Cl 8 PFD 035710888 1,292 51,315 SH   SOLE   51,315 0 0
Annaly Capital 7.625 Perp Cl PFD 035710706 312 12,334 SH   SOLE   12,334 0 0
Apollo Cmmrl Real Est 8.00 CU PFD 03762u501 248 9,770 SH   SOLE   9,770 0 0
Arbor Realty 8.50 CUM Perp Ca PFD 038923801 275 10,687 SH   SOLE   10,687 0 0
Arch Capital 6.7 BBB QDI Cl PFD g0450a204 718 28,526 SH   SOLE   28,526 0 0
Ares Management 7 Call 6/21 B PFD 04014y200 203 7,741 SH   SOLE   7,741 0 0
Argo Group 6.5 Sr Notes Call PFD 040130205 1,922 75,763 SH   SOLE   75,763 0 0
Ashford Hospitality 7.375 NR PFD 044103604 1,611 65,421 SH   SOLE   65,421 0 0
Aspen Insurance 7.25 Cal l07/2 PFD g05384147 7,156 281,292 SH   SOLE   281,292 0 0
Axis Capital 6.875 Called4/17/ PFD g0692u307 531 21,272 SH   SOLE   21,272 0 0
B Riley Financial 7.50 SenNts PFD 05580m207 430 16,370 SH   SOLE   16,370 0 0
BB&T Capital 5.625 Call 8/201 PFD 054937404 201 7,942 SH   SOLE   7,942 0 0
BGC Partners 8.125 2042 Call PFD 05541t408 4,342 170,204 SH   SOLE   170,204 0 0
BancOfCalifornia 7.00 Cal2021 PFD 05990k874 1,689 65,591 SH   SOLE   65,591 0 0
BancOfCalifornia 7.375 Ca2020 PFD 05990k882 6,594 249,758 SH   SOLE   249,758 0 0
BancOfCalifornia 8.00 Cal2018 PFD 05990k403 2,901 108,651 SH   SOLE   108,651 0 0
Bank of America 1000pv 7.25 PFD 060505682 3,897 3,261 SH   SOLE   3,261 0 0
Bank of America 6.6 Prp Cl 1/ PFD 060505310 510 19,384 SH   SOLE   19,384 0 0
Bank of America 6.625 Prp/Cl PFD 060505344 2,952 111,282 SH   SOLE   111,282 0 0
Bank of America 6.625 Prp Cl 1 PFD 060505740 652 25,087 SH   SOLE   25,087 0 0
Barclays 8.125 Perp/Cl 3/14 B PFD 06739h362 396 15,300 SH   SOLE   15,300 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,190 46,482 SH   SOLE   46,482 0 0
BlueRock Residential Growth 8. PFD 09627j508 2,132 81,802 SH   SOLE   81,802 0 0
Boston Private Finl 6.95 Perp PFD 101119303 574 22,322 SH   SOLE   22,322 0 0
CBL & Associates 6.625 Perp C PFD 124830803 385 16,504 SH   SOLE   16,504 0 0
CBL&Assoc Properties 7.375 CUM PFD 124830605 326 13,608 SH   SOLE   13,608 0 0
CHS Chemical 7.50 Cl 1/2025 C PFD 12542r803 7,534 262,329 SH   SOLE   262,329 0 0
CHS Chemicals 6.75 Perp cl 20 PFD 12542r704 359 12,828 SH   SOLE   12,828 0 0
CHS Chemicals 7.875 Perp cl 2 PFD 12542r308 282 9,697 SH   SOLE   9,697 0 0
Capital One Finl 6.7 Prp Call PFD 14040h709 1,549 56,447 SH   SOLE   56,447 0 0
CenturyLink Quest 7.0 SnNts Cl PFD 74913g501 2,910 114,978 SH   SOLE   114,978 0 0
Chesapeake Lodging 7.75 erpC PFD 165240201 4,661 185,397 SH   SOLE   185,397 0 0
Chimera Investment Corp 8 Cal PFD 16934q406 493 19,400 SH   SOLE   19,400 0 0
Citigroup 5.8 B1 Call 4/18 QD PFD 172967366 219 8,450 SH   SOLE   8,450 0 0
Citigroup 7.125 Flt Aftr 9/23 PFD 172967358 8,243 285,422 SH   SOLE   285,422 0 0
Citigroup Tst 7.875 Cl2015 Li PFD 173080201 950 35,645 SH   SOLE   35,645 0 0
City Office REIT 6.625 CUM Ca FD 178587200 596 23,750 SH   SOLE   23,750 0 0
Colony NorthStar 7.125 CUM Ca FD 19625w880 1,206 48,291 SH   SOLE   48,291 0 0
Colony NorthStar 7.50 CUM Cal PFD 19625w807 1,054 42,673 SH   SOLE   42,673 0 0
Colony NorthStar 8.25 CUM Cal PFD 19625w302 360 14,109 SH   SOLE   14,109 0 0
Colony NorthStar 8.50 CUM Cal PFD 19625w708 1,070 42,470 SH   SOLE   42,470 0 0
Colony NorthStar 8.50 CUM Cal PFD 19625w500 851 32,960 SH   SOLE   32,960 0 0
Colony NorthStar 8.75 CUM Cal PFD 19625w203 269 10,568 SH   SOLE   10,568 0 0
Colony NorthStar 8.75 CUM Cal PFD 19625w609 405 15,406 SH   SOLE   15,406 0 0
Colony Northstar 8.875 CUM Ca PFD 19625w401 437 17,015 SH   SOLE   17,015 0 0
CoreEnergy 7.375 Pfd - Par Ca PFD 21870u304 818 32,378 SH   SOLE   32,378 0 0
Corporate Office Prop 7.375 C PFD 22002t884 1,642 65,080 SH   SOLE   65,080 0 0
Cowen 8.25 Senior Notes Call1 FD 223622309 1,525 56,606 SH   SOLE   56,606 0 0
Deutsche Bank 8.05 PrpCl6/18 FD 25150l108 249 9,405 SH   SOLE   9,405 0 0
Deutsche Bnk 7.6 Prp Cl 2/18 PFD 25154a108 395 15,193 SH   SOLE   15,193 0 0
Digital Realty 6.625 BB- Call PFD 253868806 446 17,695 SH   SOLE   17,695 0 0
Digital Realty 7.375 Perp CUM PFD 253868871 2,180 79,288 SH   SOLE   79,288 0 0
Discover Financial 6.50 Perp Q PFD 254709207 1,971 75,957 SH   SOLE   75,957 0 0
Dynagas LNG 9.0 QDI CUM cl 2 PFD Y2188b116 1,381 53,331 SH   SOLE   53,331 0 0
EBAY 6.00 Sr Notes Call 3/1/2 PFD 278642202 616 23,300 SH   SOLE   23,300 0 0
EaglePoint Credit 7-SrNts 12/3 PFD 269809208 715 27,700 SH   SOLE   27,700 0 0
EaglePoint Credit 7.75- Due 10 PFD 269809307 996 38,347 SH   SOLE   38,347 0 0
EaglePoint Credit 7.75-2022 CU PFD 269809109 1,961 75,303 SH   SOLE   75,303 0 0
Endurance Specialty 6.35- Cl 1 PFD 29267h406 270 10,300 SH   SOLE   10,300 0 0
EverBank Financial 6.75- Perp PFD 29977g201 654 25,783 SH   SOLE   25,783 0 0
First Republic 7.0- Cl 12/18 B PFD 33616c860 4,853 180,193 SH   SOLE   180,193 0 0
First Republic Bank 6.2- Cl 6/ PFD 33616c407 535 21,060 SH   SOLE   21,060 0 0
GGP Inc 6.375- Call 2/2018 CUM PFD 370023202 383 14,800 SH   SOLE   14,800 0 0
GaslLog Ltd 8.75- Ser A CUM QD PFD g37585117 1,511 58,161 SH   SOLE   58,161 0 0
Gladstone Commercial 7.00- CUM PFD 376536603 3,835 152,365 SH   SOLE   152,365 0 0
Gladstone Investment 6.25- CUM PFD 376546503 709 27,750 SH   SOLE   27,750 0 0
Global Indemnity SnNts7.875- C PFD g3933f139 656 26,500 SH   SOLE   26,500 0 0
Global Indemnity SrNts7.75- Ca PFD g3933f121 1,961 77,210 SH   SOLE   77,210 0 0
Goldman 5.5- Flt Aftr 5/23 Cl PFD 38145g308 1,932 72,048 SH   SOLE   72,048 0 0
GoldmanSachs Lib-75 Min3.75- C PFD 38143y665 664 27,989 SH   SOLE   27,989 0 0
HSBC Hldgs 8.0- Prp Cl 12/15 B PFD 404280802 2,546 96,260 SH   SOLE   96,260 0 0
Hanover Insurance6.35- Cl3/18 PFD 410867204 1,295 50,865 SH   SOLE   50,865 0 0
Hartford Finl 7.875- 2042 call PFD 416518504 1,299 41,759 SH   SOLE   41,759 0 0
Hercules Capital 6.25-SrNts 24 PFD 427096862 233 9,100 SH   SOLE   9,100 0 0
Hersha Hospitality 6.50- NR Ca PFD 427825609 452 17,988 SH   SOLE   17,988 0 0
IberiaBank Corp 6.60- Call 5/1 PFD 450828504 880 32,529 SH   SOLE   32,529 0 0
Investors REIT 7.95- Perp CUM PFD 461730301 1,298 51,321 SH   SOLE   51,321 0 0
JMP Group 8.00- SrDeb Due1/202 PFD 46629u206 412 16,264 SH   SOLE   16,264 0 0
JPMorgan Chase 6.70-Perp/Call PFD 48127a161 1,780 64,931 SH   SOLE   64,931 0 0
Just Energy 8.50-Perp Call3/20 PFD 48213w200 699 27,930 SH   SOLE   27,930 0 0
KKR Financial 7.50- SrNts Call PFD 48248a504 3,159 123,573 SH   SOLE   123,573 0 0
LaSalle Hotel 6.3- Call 5/2021 PFD 517942884 280 11,400 SH   SOLE   11,400 0 0
LaSalle Hotel 6.375- Call 3/20 PFD 517942801 240 9,651 SH   SOLE   9,651 0 0
LaSalle Hotel 7.50- Perp Calle PFD 517942702 1,679 66,297 SH   SOLE   66,297 0 0
M&T Bank 6.375- Cl 11/18 BBB- PFD 55261f708 499 484 SH   SOLE   484 0 0
MFA Financial 7.5- Prp Cl 4/15 PFD 55272x409 225 8,973 SH   SOLE   8,973 0 0
Maiden Hldgs 8.00-rSNts 2042 c PFD 56029q309 2,044 80,176 SH   SOLE   80,176 0 0
Maiden Holdings 7.125-PrpCl 12 PFD g5753u138 738 28,450 SH   SOLE   28,450 0 0
Maiden Holdings 8.25-Prp Cl8/2 PFD g5753u120 1,861 72,337 SH   SOLE   72,337 0 0
Medley Capital7.25-SrNts Due24 PFD 58503y204 366 14,350 SH   SOLE   14,350 0 0
Medley Capitl 6.875-Notes Due2 PFD 58503y105 304 12,300 SH   SOLE   12,300 0 0
MetLife 3MoLibor-100 Min 4.0- PFD 59156r504 215 8,666 SH   SOLE   8,666 0 0
Morgan Stanley 3MoLib-70bp 4-F PFD 61747s504 564 23,884 SH   SOLE   23,884 0 0
Morgan Stanley 7.125-Flt Aftr1 PFD 61762v200 5,305 182,106 SH   SOLE   182,106 0 0
National General 7.5- NA Cl Q PFD 636220857 4,682 187,287 SH   SOLE   187,287 0 0
National General 7.50-Call4/20 PFD 636220808 3,280 131,250 SH   SOLE   131,250 0 0
National General 7.625- Call9/ PFD 636220873 1,927 76,759 SH   SOLE   76,759 0 0
National General7.50-Call 7/20 PFD 636220709 2,651 105,657 SH   SOLE   105,657 0 0
New York MtgTrust 7.875-Perp C PFD 649604808 291 12,209 SH   SOLE   12,209 0 0
NewTek Business Svs 7.0-Nts du PFD 652526401 245 9,640 SH   SOLE   9,640 0 0
NewTek Business Svs 7.50- Nts PFD 652526302 533 20,111 SH   SOLE   20,111 0 0
News Corp 7.00- 12/1/2095 call PFD 863117206 223 8,503 SH   SOLE   8,503 0 0
NuStar Logistics 7.625-Nts Cl PFD 67059t204 1,319 50,425 SH   SOLE   50,425 0 0
Oxford Lane Cap8.125- Cl6/2017 PFD 691543409 219 8,513 SH   SOLE   8,513 0 0
PS Business Parks 6.0- Cl 5/20 PFD 69360j685 262 10,412 SH   SOLE   10,412 0 0
Partner Re 6.50-Perp Cal 4/202 PFD g68603136 704 26,550 SH   SOLE   26,550 0 0
Partner Re 7.25- Call 06/21 BB PFD g68603144 7,169 250,833 SH   SOLE   250,833 0 0
Penn Real Estate 8.25- CIM Per PFD 709102404 244 9,702 SH   SOLE   9,702 0 0
Penn RealEstate 7.20-CUM Perp PFD 709102602 270 10,109 SH   SOLE   10,109 0 0
Penn RealEstate 7.375-CUM Perp PFD 709102503 588 23,349 SH   SOLE   23,349 0 0
PennyMac Mtg 8.125- 2024 Libor PFD 70931t301 264 10,450 SH   SOLE   10,450 0 0
Pitney Bowes 6.7- Cl 3/7/18 BB PFD 724479506 328 12,500 SH   SOLE   12,500 0 0
Prospect Captl 6.25- 6/24 SrNt PFD 74348t300 1,655 63,890 SH   SOLE   63,890 0 0
Prudential PLC 6.75- PrpCl 9/0 PFD g7293h114 510 19,602 SH   SOLE   19,602 0 0
Quest USWest 7.0- SrNts 2056 2 PFD 74913g808 3,150 119,218 SH   SOLE   119,218 0 0
Quest USWest SnNotes 7.0- 2052 PFD 74913G402 1,298 51,500 SH   SOLE   51,500 0 0
Quest USWest Sr Nts6.125-Nts C PFD 74913g600 230 9,270 SH   SOLE   9,270 0 0
Quest USWestSnNote7.5- BBB- Cl PFD 74913g303 2,263 88,617 SH   SOLE   88,617 0 0
Quest USWestSnNotes 6.875- CL PFD 74913g105 3,251 128,150 SH   SOLE   128,150 0 0
Qwest Corp 6.5- Sr Note 9/56 C PFD 74913g881 2,428 97,830 SH   SOLE   97,830 0 0
Realty Income 6.625- Called 4 PFD 756109807 315 12,540 SH   SOLE   12,540 0 0
Regency Centers 6.00- Perp CUM PFD 758849806 431 16,950 SH   SOLE   16,950 0 0
Regions Financial 6.375- Cl 12 PFD 7591ep308 411 15,850 SH   SOLE   15,850 0 0
Reinsurance Group of Amer 6.2- PFD 759351703 337 11,800 SH   SOLE   11,800 0 0
Retail Properties of Amer 7.0- PFD 76131v608 393 15,400 SH   SOLE   15,400 0 0
SL Green Realty 6.5- Perp CUM PFD 78440x507 1,817 71,270 SH   SOLE   71,270 0 0
SoCalEd 5.375- CUM cl 2025 QDI PFD 78409g206 785 29,111 SH   SOLE   29,111 0 0
Solar Capital 6.75- Cl 11/17 PFD 83413u308 473 18,673 SH   SOLE   18,673 0 0
Sotherly Hotels 8- Cum Perp C PFD 83600c301 2,474 95,190 SH   SOLE   95,190 0 0
Summit Hotel 7.875- Perp CUM C PFD 866082308 2,872 111,785 SH   SOLE   111,785 0 0
Summit Hotel7.125-Perp CUM Cal PFD 866082407 959 37,338 SH   SOLE   37,338 0 0
Sunstone Hotel 6.95- Prp/Cl 3/ PFD 867892606 368 14,479 SH   SOLE   14,479 0 0
Taubman Centers 6.5- CUM NA Cl PFD 876664608 261 10,298 SH   SOLE   10,298 0 0
Telephone & Data 6.875- Cl 11/ PFD 879433845 2,206 86,825 SH   SOLE   86,825 0 0
Telephone & Data 7.0- Cl 3/16 PFD 879433837 800 31,602 SH   SOLE   31,602 0 0
Texas Capitl Bancshares6.50- 2 PFD 882228307 445 17,551 SH   SOLE   17,551 0 0
Torchmark Crp 6.125- SubDebCal PFD 891027401 921 35,550 SH   SOLE   35,550 0 0
TravelCenters SnNotes 8- 10/20 PFD 894174408 1,471 58,029 SH   SOLE   58,029 0 0
TravelCenters SnNotes 8- 2029 PFD 894174309 3,105 122,305 SH   SOLE   122,305 0 0
Triancgle Capitl 6.375-Sr Note PFD 895848406 860 33,250 SH   SOLE   33,250 0 0
TriplePoint Venture BDC 6.75- PFD 89677y209 524 20,500 SH   SOLE   20,500 0 0
Two Harbors Investments 8.125- PFD 90187b200 672 25,705 SH   SOLE   25,705 0 0
UMH Propertyies 8.0- Perp Cum PFD 903002301 578 21,567 SH   SOLE   21,567 0 0
US Bancorp 6.5- Flt Aftr 1/22 PFD 902973833 1,219 42,539 SH   SOLE   42,539 0 0
US Celllular SrNts 7.25- 2063 PFD 911684504 614 23,100 SH   SOLE   23,100 0 0
US Cellular 6.95-SrNT 2060 Cl PFD 911684405 439 17,175 SH   SOLE   17,175 0 0
US Cellular 7.25- SrNts12/2064 PFD 911684603 1,930 72,352 SH   SOLE   72,352 0 0
VEREIT Inc 6.70- Perp CUM Cl 2 PFD 92339v209 876 34,068 SH   SOLE   34,068 0 0
Wells Fargo 5.85-Flt Aftr 9/23 PFD 949746556 333 12,525 SH   SOLE   12,525 0 0
Wells Fargo 6.375- Cl 12/19 BB PFD 94988n207 773 29,450 SH   SOLE   29,450 0 0
Wells Fargo 7.5- Cnv@$156 $100 PFD 949746804 17,324 13,982 SH   SOLE   13,982 0 0
Wells Fargo 8.00- Prp Cl12/17 PFD 949746879 8,888 338,719 SH   SOLE   338,719 0 0
Wheeler RealEstate 8.75-CUM Pu PFD 963025606 410 15,772 SH   SOLE   15,772 0 0
WinTrust Financial 6.50- Call PFD 97650w405 224 8,280 SH   SOLE   8,280 0 0
Bank of America 5.20- Perp/Cal PFD 060505ED2 314 315,000 SH   SOLE   315,000 0 0
Charles Schwab 7- Perp/Call 2/ PFD 808513AE5 1,724 1,522,000 PRN   SOLE   1,522,000 0 0
Citigroup 5.35- Perp/Call 5/23 PFD 172967GR6 740 740,000 PRN   SOLE   740,000 0 0
Citigroup 5.875- Perp/Call 3/2 PFD 172967JK8 361 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc 5.95- Perp Call PFD 172967GD7 1,065 1,020,000 PRN   SOLE   1,020,000 0 0
Citigroup Inc 6.125- Perp Call PFD 172967KD2 583 550,000 PRN   SOLE   550,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 209 200,000 PRN   SOLE   200,000 0 0
GE Cap Corp 5.00- Perp/Call 1/ PFD 369604BQ5 2,289 2,170,000 PRN   SOLE   2,170,000 0 0
JPMorgan 6.0- Perp/Call 8/23 - PFD 48126HAA8 2,763 2,650,000 PRN   SOLE   2,650,000 0 0
JPMorgan 7.9- Perp/Call 4/18 - PFD 46625HHA1 2,654 2,570,000 PRN   SOLE   2,570,000 0 0
So. Cal Edison 6.25- Perp/Call PFD 842400FU2 724 650,000 PRN   SOLE   650,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 2,745 2,745,000 PRN   SOLE   2,745,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 481 460,000 PRN   SOLE   460,000 0 0