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 255 1 SH   SOLE   100 0 0
3M Company COM 88579y101 22,379 107,495 SH   SOLE   107,495 0 0
ABB Ltd-Spon ADR COM 000375204 3,811 153,052 SH   SOLE   153,052 0 0
AT&T Inc COM 00206r102 7,575 200,769 SH   SOLE   200,769 0 0
AbbVie Inc COM 00287y109 11,372 156,838 SH   SOLE   156,838 0 0
Abbott Laboratories COM 002824100 10,296 211,815 SH   SOLE   211,815 0 0
Accenture PLC-Cl A COM g1151c101 4,410 35,657 SH   SOLE   35,657 0 0
Adobe Systems Inc COM 00724f101 1,072 7,580 SH   SOLE   7,580 0 0
Aetna Inc COM 00817Y108 927 6,106 SH   SOLE   6,106 0 0
Aflac Inc COM 001055102 1,035 13,321 SH   SOLE   13,321 0 0
Agilent Technologies Inc COM 00846u101 973 16,398 SH   SOLE   16,398 0 0
Air Products & Chemicals Inc COM 009158106 7,102 49,642 SH   SOLE   49,642 0 0
Alaska Air Group COM 011659109 259 2,889 SH   SOLE   2,889 0 0
Alibaba Group Holding-SP ADR COM 01609w102 234 1,663 SH   SOLE   1,663 0 0
Allegion PLC COM g0176j109 231 2,848 SH   SOLE   2,848 0 0
Allergan plc (new) COM g0177j108 681 2,801 SH   SOLE   2,801 0 0
Allstate Corp COM 020002101 511 5,780 SH   SOLE   5,780 0 0
Alphabet Inc-Cl A COM 02079k305 8,608 9,259 SH   SOLE   9,259 0 0
Alphabet Inc-Cl C COM 02079k107 5,617 6,181 SH   SOLE   6,181 0 0
Altaba Inc COM 021346101 1,113 20,435 SH   SOLE   20,435 0 0
Altria Group Inc COM 02209s103 11,987 160,963 SH   SOLE   160,963 0 0
Amarillo Gold Corp COM 02301t108 4 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 5,213 5,385 SH   SOLE   5,385 0 0
American Electric Power COM 025537101 511 7,360 SH   SOLE   7,360 0 0
American Express Co COM 025816109 1,409 16,726 SH   SOLE   16,726 0 0
AmerisourceBergen Corp COM 03073e105 279 2,950 SH   SOLE   2,950 0 0
Ametek Inc COM 031100100 248 4,101 SH   SOLE   4,101 0 0
Amgen Inc COM 031162100 2,630 15,273 SH   SOLE   15,273 0 0
Anthem Inc COM 036752103 2,719 14,455 SH   SOLE   14,455 0 0
Aon PLC COM g0408v102 214 1,610 SH   SOLE   1,610 0 0
Apple Inc COM 037833100 36,911 256,289 SH   SOLE   256,289 0 0
Archer Daniels Midland Co COM 039483102 836 20,192 SH   SOLE   20,192 0 0
Ares Capital Corp COM 04010l103 249 15,204 SH   SOLE   15,204 0 0
Automatic Data Processing COM 053015103 18,808 183,565 SH   SOLE   183,565 0 0
BCE Inc COM 05534b760 2,017 44,780 SH   SOLE   44,780 0 0
Bank Of Marin Bancorp CA COM 063425102 730 11,867 SH   SOLE   11,867 0 0
Bank Of New York Mellon Corp COM 064058100 241 4,714 SH   SOLE   4,714 0 0
Bank of America Corp COM 060505104 7,932 326,967 SH   SOLE   326,967 0 0
Baxter International Inc. COM 071813109 462 7,625 SH   SOLE   7,625 0 0
Becton Dickinson & Co COM 075887109 3,241 16,610 SH   SOLE   16,610 0 0
Berkshire Hathaway Inc Cl B COM 084670702 3,657 21,593 SH   SOLE   21,593 0 0
Biogen Inc COM 09062x103 1,210 4,460 SH   SOLE   4,460 0 0
Blackrock Inc COM 09247x101 289 683 SH   SOLE   683 0 0
Blackstone Group/The COM 09253u108 899 26,963 SH   SOLE   26,963 0 0
Boeing Co COM 097023105 2,661 13,455 SH   SOLE   13,455 0 0
Bristol-Myers Squibb Co COM 110122108 16,442 295,090 SH   SOLE   295,090 0 0
Broadcom Ltd COM y09827109 273 1,170 SH   SOLE   1,170 0 0
Brown-Forman Corp Cl B COM 115637209 361 7,427 SH   SOLE   7,427 0 0
CBS Corp Class B COM 124857202 2,163 33,921 SH   SOLE   33,921 0 0
CR Bard Inc COM 067383109 691 2,187 SH   SOLE   2,187 0 0
CSX Corp COM 126408103 224 4,110 SH   SOLE   4,110 0 0
CVS Health Corp COM 126650100 3,307 41,096 SH   SOLE   41,096 0 0
CalAtlantic Group COM 128195104 919 26,000 SH   SOLE   26,000 0 0
Canadian Natl Railway Co COM 136375102 267 3,290 SH   SOLE   3,290 0 0
CarMax Inc COM 143130102 221 3,500 SH   SOLE   3,500 0 0
Caterpillar Inc COM 149123101 3,317 30,871 SH   SOLE   30,871 0 0
Celgene Corp COM 151020104 831 6,402 SH   SOLE   6,402 0 0
CenterPoint Energy Inc COM 15189t107 1,936 70,722 SH   SOLE   70,722 0 0
Cerner Corp COM 156782104 3,695 55,596 SH   SOLE   55,596 0 0
Cerus Corp COM 157085101 25 10,000 SH   SOLE   10,000 0 0
Check Point Software Tech COM m22465104 1,377 12,621 SH   SOLE   12,621 0 0
Chevron Corp COM 166764100 27,094 259,691 SH   SOLE   259,691 0 0
Chubb Ltd (new) COM h1467j104 2,864 19,699 SH   SOLE   19,699 0 0
Cigna Corp COM 125509109 252 1,503 SH   SOLE   1,503 0 0
Cincinnati Financial Corp COM 172062101 734 10,132 SH   SOLE   10,132 0 0
Cintas Corp COM 172908105 532 4,219 SH   SOLE   4,219 0 0
Cisco Systems Inc COM 17275R102 4,031 128,778 SH   SOLE   128,778 0 0
Citigroup Inc COM 172967424 408 6,101 SH   SOLE   6,101 0 0
Citizens Financial Group COM 174610105 428 12,009 SH   SOLE   12,009 0 0
Clorox Company COM 189054109 14,750 110,702 SH   SOLE   110,702 0 0
Coca-Cola Co/The COM 191216100 5,515 122,965 SH   SOLE   122,965 0 0
Colgate-Palmolive Co COM 194162103 9,953 134,265 SH   SOLE   134,265 0 0
Comcast Corp-Cl A COM 20030n101 10,821 278,037 SH   SOLE   278,037 0 0
Conagra Brands Inc COM 205887102 1,064 29,746 SH   SOLE   29,746 0 0
ConocoPhillips COM 20825C104 4,593 104,471 SH   SOLE   104,471 0 0
Consolidated Edison Inc COM 209115104 782 9,672 SH   SOLE   9,672 0 0
Corning Inc COM 219350105 212 7,039 SH   SOLE   7,039 0 0
Costco Wholesale Corp COM 22160K105 18,880 118,050 SH   SOLE   118,050 0 0
Crown Castle Intl Corp COM 22822v101 17,313 172,823 SH   SOLE   172,823 0 0
DISH Network Corp COM 25470m109 364 5,799 SH   SOLE   5,799 0 0
DTE Energy Company COM 233331107 238 2,247 SH   SOLE   2,247 0 0
Danaher Corp COM 235851102 5,157 61,109 SH   SOLE   61,109 0 0
Deere & Co COM 244199105 1,475 11,931 SH   SOLE   11,931 0 0
Diageo Plc-Sponsored ADR COM 25243q205 562 4,686 SH   SOLE   4,686 0 0
Dick's Sporting Goods Inc COM 253393102 532 13,357 SH   SOLE   13,357 0 0
Disney Co./Walt The COM 254687106 16,545 155,719 SH   SOLE   155,719 0 0
Dominion Resources Inc/Va COM 25746u109 677 8,833 SH   SOLE   8,833 0 0
Dover Corp COM 260003108 630 7,853 SH   SOLE   7,853 0 0
Dow Chemical COM 260543103 592 9,385 SH   SOLE   9,385 0 0
Dr Pepper Snapple Group Inc COM 26138e109 629 6,903 SH   SOLE   6,903 0 0
Du Pont (E.I.) De Nemours COM 263534109 8,237 102,055 SH   SOLE   102,055 0 0
Duke Energy Corp COM 26441c204 653 7,817 SH   SOLE   7,817 0 0
ETFS Physical Precious Metals COM 26922w109 243 3,940 SH   SOLE   3,940 0 0
Eaton Corp PLC COM g29183103 1,514 19,456 SH   SOLE   19,456 0 0
Ecolab Inc COM 278865100 13,764 103,685 SH   SOLE   103,685 0 0
Edison International COM 281020107 11,092 141,865 SH   SOLE   141,865 0 0
Electronic Arts Inc COM 285512109 268 2,531 SH   SOLE   2,531 0 0
Eli Lilly & Co COM 532457108 4,428 53,800 SH   SOLE   53,800 0 0
Emerson Electric Co COM 291011104 1,984 33,281 SH   SOLE   33,281 0 0
Enbridge Inc COM 29250n105 3,767 94,616 SH   SOLE   94,616 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 809 29,868 SH   SOLE   29,868 0 0
Equity Residential COM 29476l107 210 3,185 SH   SOLE   3,185 0 0
Essex Property Trust Inc COM 297178105 628 2,440 SH   SOLE   2,440 0 0
Eurasian Minerals Inc COM 29843r100 50 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 370 6,094 SH   SOLE   6,094 0 0
Expedia Inc COM 30212p303 256 1,716 SH   SOLE   1,716 0 0
Express Scripts Holding Co. COM 30219g108 603 9,439 SH   SOLE   9,439 0 0
Exxon Mobil Corp COM 30231G102 9,975 123,558 SH   SOLE   123,558 0 0
Facebook Inc COM 30303m102 44,949 297,714 SH   SOLE   297,714 0 0
Fanhua Inc-Sponsored ADR COM 30712a103 200 23,374 SH   SOLE   23,374 0 0
FedEx Corp COM 31428x106 921 4,236 SH   SOLE   4,236 0 0
Fidelity Natl Finl COM 31620r303 222 4,959 SH   SOLE   4,959 0 0
Finisar Corporation COM 31787a507 260 10,000 SH   SOLE   10,000 0 0
First Republic Bank/San Franci COM 33616C100 6,837 68,300 SH   SOLE   68,300 0 0
First Trust Mid Cap Growth Alp COM 33737m102 2,146 62,066 SH   SOLE   62,066 0 0
First Trust Mid Cap Value ETF COM 33737m201 293 8,783 SH   SOLE   8,783 0 0
First Trust Morningstar Divide COM 336917109 1,506 53,534 SH   SOLE   53,534 0 0
Ford Motor Co COM 345370860 259 23,160 SH   SOLE   23,160 0 0
Fortinet Inc COM 34959e109 374 9,990 SH   SOLE   9,990 0 0
Fortive Corp COM 34959j108 238 3,763 SH   SOLE   3,763 0 0
Freeport McMoRan Inc-B COM 35671d857 126 10,520 SH   SOLE   10,520 0 0
General Dynamics Corp COM 369550108 3,366 16,991 SH   SOLE   16,991 0 0
General Electric Co COM 369604103 19,346 716,240 SH   SOLE   716,240 0 0
General Mills Inc COM 370334104 5,507 99,410 SH   SOLE   99,410 0 0
General Motors Co COM 37045v100 266 7,605 SH   SOLE   7,605 0 0
Genuine Parts Co COM 372460105 6,489 69,957 SH   SOLE   69,957 0 0
Gilead Sciences Inc COM 375558103 665 9,389 SH   SOLE   9,389 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 292 6,780 SH   SOLE   6,780 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 462 9,596 SH   SOLE   9,596 0 0
Goldman Sachs Group Inc COM 38141G104 662 2,985 SH   SOLE   2,985 0 0
Grainger (W.W.) Inc COM 384802104 568 3,147 SH   SOLE   3,147 0 0
Great Plains Energy Inc COM 391164100 1,141 38,975 SH   SOLE   38,975 0 0
Groupon Inc COM 399473107 261 68,000 SH   SOLE   68,000 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 827 4,833 SH   SOLE   4,833 0 0
Guggenheim S&P Equal Weight COM 78355w106 697 7,524 SH   SOLE   7,524 0 0
Guggenheim S&P Equal Weight En COM 78355w866 389 7,368 SH   SOLE   7,368 0 0
Guggenheim S&P Equal Weight Fi COM 78355w858 399 10,094 SH   SOLE   10,094 0 0
HCP Inc REIT COM 40414l109 5,868 183,620 SH   SOLE   183,620 0 0
Home Depot Inc COM 437076102 17,026 110,991 SH   SOLE   110,991 0 0
Honeywell International Inc COM 438516106 5,899 44,254 SH   SOLE   44,254 0 0
Hormel Foods Corp COM 440452100 793 23,256 SH   SOLE   23,256 0 0
Illinois Tool Works COM 452308109 1,337 9,335 SH   SOLE   9,335 0 0
Ingersoll-Rand PLC COM g47791101 2,443 26,734 SH   SOLE   26,734 0 0
Intel Corp COM 458140100 13,604 403,214 SH   SOLE   403,214 0 0
International Paper Co COM 460146103 271 4,792 SH   SOLE   4,792 0 0
Intl Business Machines Corp COM 459200101 3,708 24,102 SH   SOLE   24,102 0 0
Intl Flavors & Fragrances COM 459506101 844 6,250 SH   SOLE   6,250 0 0
Ivanhoe Mines Ltd COM 46579r104 778 241,500 SH   SOLE   241,500 0 0
JPMorgan Chase & Co COM 46625H100 11,984 131,121 SH   SOLE   131,121 0 0
Jacobs Engineering Group Inc COM 469814107 311 5,711 SH   SOLE   5,711 0 0
Johnson & Johnson COM 478160104 35,110 265,403 SH   SOLE   265,403 0 0
Johnson Controls Intl PLC COM g51502105 408 9,408 SH   SOLE   9,408 0 0
Keysight Technologies Inc COM 49338l103 295 7,584 SH   SOLE   7,584 0 0
Kimberly-Clark Corp COM 494368103 18,968 146,915 SH   SOLE   146,915 0 0
Kinder Morgan Inc COM 49456b101 3,569 186,262 SH   SOLE   186,262 0 0
Kraft Heinz Co/The COM 500754106 2,924 34,140 SH   SOLE   34,140 0 0
L3 Technologies Inc COM 502413107 435 2,601 SH   SOLE   2,601 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 2,267 14,705 SH   SOLE   14,705 0 0
Lam Research Corp COM 512807108 318 2,248 SH   SOLE   2,248 0 0
Lamb Weston Holdings Inc COM 513272104 364 8,263 SH   SOLE   8,263 0 0
Leggett & Platt Inc COM 524660107 699 13,308 SH   SOLE   13,308 0 0
Li & Fung Ltd COM g5485f169 4 10,000 SH   SOLE   10,000 0 0
Liberty Global PLC-A COM g5480u104 374 11,632 SH   SOLE   11,632 0 0
Lockheed Martin Corp COM 539830109 5,236 18,861 SH   SOLE   18,861 0 0
Lowe's Cos Inc COM 548661107 4,027 51,942 SH   SOLE   51,942 0 0
Lululemon Athletica Inc COM 550021109 463 7,760 SH   SOLE   7,760 0 0
Marathon Petroleum Corp COM 56585a102 348 6,644 SH   SOLE   6,644 0 0
Marriott International-Cl A COM 571903202 3,842 38,305 SH   SOLE   38,305 0 0
Masimo Corporation COM 574795100 220 2,415 SH   SOLE   2,415 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,395 24,563 SH   SOLE   24,563 0 0
McDonald's Corp COM 580135101 14,999 97,931 SH   SOLE   97,931 0 0
McKesson Corp COM 58155q103 1,077 6,547 SH   SOLE   6,547 0 0
Medical Properties Trust Inc COM 58463j304 218 16,919 SH   SOLE   16,919 0 0
Medtronic PLC COM g5960l103 7,276 81,988 SH   SOLE   81,988 0 0
Merck & Co. Inc. COM 58933y105 8,930 139,338 SH   SOLE   139,338 0 0
Microsoft Corp COM 594918104 23,830 345,719 SH   SOLE   345,719 0 0
Molina Healthcare Inc COM 60855r100 386 5,578 SH   SOLE   5,578 0 0
Molson Coors Brewing Co -B COM 60871r209 438 5,071 SH   SOLE   5,071 0 0
Mondelez International COM 609207105 2,145 49,669 SH   SOLE   49,669 0 0
Morgan Stanley COM 617446448 3,301 74,076 SH   SOLE   74,076 0 0
NVIDIA Corp COM 67066g104 448 3,100 SH   SOLE   3,100 0 0
NXP Semi ..Submitted for Tende COM 053329578 905 8,270 SH   SOLE   8,270 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 4,069 46,666 SH   SOLE   46,666 0 0
NextEra Energy Inc COM 65339f101 15,664 111,784 SH   SOLE   111,784 0 0
Nike Inc -Cl B COM 654106103 10,512 178,169 SH   SOLE   178,169 0 0
Nordstrom Inc COM 655664100 280 5,851 SH   SOLE   5,851 0 0
Norfolk Southern Corp COM 655844108 471 3,870 SH   SOLE   3,870 0 0
Novartis Ag-ADR COM 66987v109 2,827 33,868 SH   SOLE   33,868 0 0
Nucor Corp COM 670346105 450 7,774 SH   SOLE   7,774 0 0
Occidental Petroleum Corp COM 674599105 4,763 79,550 SH   SOLE   79,550 0 0
Oracle Corp COM 68389x105 4,413 88,015 SH   SOLE   88,015 0 0
P G & E Corp COM 69331c108 732 11,028 SH   SOLE   11,028 0 0
Paccar Inc COM 693718108 1,262 19,115 SH   SOLE   19,115 0 0
Parker-Hannifin Corp COM 701094104 310 1,938 SH   SOLE   1,938 0 0
Pentair PLC COM g7s00t104 631 9,486 SH   SOLE   9,486 0 0
PepsiCo Inc COM 713448108 9,678 83,798 SH   SOLE   83,798 0 0
Pfizer Inc COM 717081103 9,154 272,513 SH   SOLE   272,513 0 0
Philip Morris International COM 718172109 3,067 26,110 SH   SOLE   26,110 0 0
Phillips 66 COM 718546104 254 3,069 SH   SOLE   3,069 0 0
Piedmont Office Realty Trust COM 720190206 401 19,000 SH   SOLE   19,000 0 0
Plains GP Holdings LP COM 72651a207 262 10,000 SH   SOLE   10,000 0 0
PowerShares Buyback Achievers COM 73935x286 270 5,026 SH   SOLE   5,026 0 0
PowerShares Preferred Portfoli COM 73936t565 13,478 891,998 SH   SOLE   891,998 0 0
Powershares KBW Regional Bank COM 73937b712 1,204 22,405 SH   SOLE   22,405 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 4,322 31,399 SH   SOLE   31,399 0 0
Praxair Inc COM 74005p104 2,679 20,210 SH   SOLE   20,210 0 0
Preferred Apartment Communitie COM 74039l103 4,568 290,000 SH   SOLE   290,000 0 0
ProLogis Inc COM 74340w103 657 11,204 SH   SOLE   11,204 0 0
Procter & Gamble Co COM 742718109 26,644 305,725 SH   SOLE   305,725 0 0
Public Service Enterprise Grou COM 744573106 2,737 63,646 SH   SOLE   63,646 0 0
Public Storage Inc COM 74460d109 405 1,940 SH   SOLE   1,940 0 0
Qualcomm Inc COM 747525103 463 8,391 SH   SOLE   8,391 0 0
Quest Diagnostics COM 74834l100 314 2,825 SH   SOLE   2,825 0 0
Raytheon Company COM 755111507 3,660 22,664 SH   SOLE   22,664 0 0
Realty Income Corp COM 756109104 11,261 204,080 SH   SOLE   204,080 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 554 1,127 SH   SOLE   1,127 0 0
Retail Properties of America COM 76131v202 304 24,893 SH   SOLE   24,893 0 0
Roche Holdings LTD-Spons ADR COM 771195104 3,844 120,868 SH   SOLE   120,868 0 0
Rockwell Automation Inc COM 773903109 220 1,360 SH   SOLE   1,360 0 0
Rockwell Collins Inc. COM 774341101 772 7,350 SH   SOLE   7,350 0 0
Roper Technologies Inc COM 776696106 266 1,149 SH   SOLE   1,149 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 460 8,655 SH   SOLE   8,655 0 0
S&P Global Inc COM 78409v104 1,247 8,539 SH   SOLE   8,539 0 0
SAP SE-Sponsored ADR COM 803054204 802 7,665 SH   SOLE   7,665 0 0
SPDR Consumer Discretionary Se COM 81369y407 12,696 141,652 SH   SOLE   141,652 0 0
SPDR Consumer Staples Select S COM 81369y308 6,937 126,268 SH   SOLE   126,268 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,145 5,371 SH   SOLE   5,371 0 0
SPDR Energy Select Sector COM 81369y506 14,717 226,687 SH   SOLE   226,687 0 0
SPDR Financial Select Sector COM 81369y605 11,145 451,754 SH   SOLE   451,754 0 0
SPDR Gold Trust COM 78463v107 1,549 13,128 SH   SOLE   13,128 0 0
SPDR Health Care Select Sector COM 81369y209 11,658 147,119 SH   SOLE   147,119 0 0
SPDR Industrial Select Sector COM 81369y704 9,092 133,490 SH   SOLE   133,490 0 0
SPDR Materials Select Sector COM 81369y100 3,076 57,168 SH   SOLE   57,168 0 0
SPDR Morgan Stanley Technology COM 78464a102 1,066 14,621 SH   SOLE   14,621 0 0
SPDR Real Estate Sector COM 81369y860 1,870 58,066 SH   SOLE   58,066 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 7,904 32,688 SH   SOLE   32,688 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 381 5,416 SH   SOLE   5,416 0 0
SPDR S&P Biotech ETF COM 78464a870 736 9,541 SH   SOLE   9,541 0 0
SPDR S&P Dividend COM 78464a763 12,593 141,667 SH   SOLE   141,667 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 11,136 35,061 SH   SOLE   35,061 0 0
SPDR S&P Regional Banking COM 78464a698 2,253 41,005 SH   SOLE   41,005 0 0
SPDR Technology Select Sector COM 81369y803 23,567 430,692 SH   SOLE   430,692 0 0
SPDR Utilities Select Sector COM 81369y886 2,750 52,920 SH   SOLE   52,920 0 0
SVB Financial Group COM 78486q101 4,212 23,959 SH   SOLE   23,959 0 0
Salesforce.Com Inc COM 79466l302 1,734 20,024 SH   SOLE   20,024 0 0
Scana Corp COM 80589m102 826 12,324 SH   SOLE   12,324 0 0
Schlumberger Ltd COM 806857108 504 7,648 SH   SOLE   7,648 0 0
Schwab (Charles) Corp COM 808513105 861 20,035 SH   SOLE   20,035 0 0
Schwab Intl Equity ETF COM 808524805 251 7,904 SH   SOLE   7,904 0 0
Schwab US Broad Market ETF COM 808524102 1,898 32,474 SH   SOLE   32,474 0 0
Schwab US Dividend Equity ETF COM 808524797 7,634 169,262 SH   SOLE   169,262 0 0
Schwab US Large-Cap ETF COM 808524201 2,053 35,540 SH   SOLE   35,540 0 0
Schwab US Mid-Cap ETF COM 808524508 1,443 29,966 SH   SOLE   29,966 0 0
Semiconductor ETF VanEck Vecto COM 92189f676 558 6,812 SH   SOLE   6,812 0 0
Sempra Energy COM 816851109 3,644 32,322 SH   SOLE   32,322 0 0
Sherwin Williams Co COM 824348106 812 2,313 SH   SOLE   2,313 0 0
Siemens Ag-Spons ADR COM 826197501 275 3,974 SH   SOLE   3,974 0 0
Silvercorp Metals Inc COM 82835p103 32 10,000 SH   SOLE   10,000 0 0
Simon Property Group Inc COM 828806109 251 1,552 SH   SOLE   1,552 0 0
Southern Co COM 842587107 1,310 27,366 SH   SOLE   27,366 0 0
Southwest Airlines COM 844741108 369 5,935 SH   SOLE   5,935 0 0
Spectral Medical Inc COM 847577103 8 25,000 SH   SOLE   25,000 0 0
Sprott Resource Holdings Inc COM 85209d101 166 1,371,927 SH   SOLE   1,371,927 0 0
Stanley Black & Decker Inc COM 854502101 6,942 49,326 SH   SOLE   49,326 0 0
Starbucks Corp COM 855244109 7,871 134,979 SH   SOLE   134,979 0 0
State Street Corp COM 857477103 334 3,725 SH   SOLE   3,725 0 0
Stryker Corp COM 863667101 210 1,515 SH   SOLE   1,515 0 0
Sysco Corp COM 871829107 791 15,716 SH   SOLE   15,716 0 0
TJX Companies Inc COM 872540109 478 6,620 SH   SOLE   6,620 0 0
Target Corp COM 87612e106 671 12,824 SH   SOLE   12,824 0 0
Tesla Inc COM 88160r101 1,286 3,555 SH   SOLE   3,555 0 0
Texas Instruments Inc COM 882508104 456 5,926 SH   SOLE   5,926 0 0
Thermo Fisher Scientific Inc COM 883556102 295 1,688 SH   SOLE   1,688 0 0
Time Warner Inc COM 887317303 2,958 29,454 SH   SOLE   29,454 0 0
Toronto Dominion Bank COM 891160509 4,547 90,251 SH   SOLE   90,251 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,677 15,970 SH   SOLE   15,970 0 0
Travelers Cos Inc/The COM 89417e109 3,459 27,339 SH   SOLE   27,339 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 5,033 96,946 SH   SOLE   96,946 0 0
UDR Inc COM 902653104 276 7,080 SH   SOLE   7,080 0 0
Unilever N V -NY Shares COM 904784709 4,887 88,426 SH   SOLE   88,426 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,916 35,403 SH   SOLE   35,403 0 0
Union Pacific Corp COM 907818108 2,022 18,563 SH   SOLE   18,563 0 0
United Parcel Service-Cl B COM 911312106 9,423 85,207 SH   SOLE   85,207 0 0
United Technologies Corp COM 913017109 3,475 28,455 SH   SOLE   28,455 0 0
UnitedHealth Group Inc COM 91324P102 1,971 10,632 SH   SOLE   10,632 0 0
Valero Energy Corp COM 91913Y100 274 4,061 SH   SOLE   4,061 0 0
VanEck Vectors Pharmaceutical COM 92189f692 366 6,193 SH   SOLE   6,193 0 0
Vanguard Consumer Discretionar COM 92204a108 543 3,824 SH   SOLE   3,824 0 0
Vanguard Consumer Staples Vipe COM 92204a207 301 2,135 SH   SOLE   2,135 0 0
Vanguard Developed Mkts COM 921943858 1,382 33,455 SH   SOLE   33,455 0 0
Vanguard Dividend Appreciation COM 921908844 802 8,650 SH   SOLE   8,650 0 0
Vanguard Emerging Mkts COM 922042858 694 16,991 SH   SOLE   16,991 0 0
Vanguard European Vipers COM 922042874 537 9,743 SH   SOLE   9,743 0 0
Vanguard Health Care Vipers COM 92204a504 214 1,450 SH   SOLE   1,450 0 0
Vanguard High Div Yield COM 921946406 3,189 40,795 SH   SOLE   40,795 0 0
Vanguard Info Tech Vipers COM 92204a702 709 5,036 SH   SOLE   5,036 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 253 2,275 SH   SOLE   2,275 0 0
Vanguard Mid-Cap COM 922908629 2,932 20,574 SH   SOLE   20,574 0 0
Vanguard REIT COM 922908553 449 5,394 SH   SOLE   5,394 0 0
Vanguard Small-Cap Vipers COM 922908751 2,203 16,255 SH   SOLE   16,255 0 0
Vanguard Total Stock Market COM 922908769 17,016 136,732 SH   SOLE   136,732 0 0
Varian Medical Systems Inc COM 92220P105 2,416 23,413 SH   SOLE   23,413 0 0
Verisk Analytics Inc-Class A COM 92345Y106 733 8,690 SH   SOLE   8,690 0 0
Verizon Communications Inc COM 92343v104 26,224 587,200 SH   SOLE   587,200 0 0
Visa Inc-Class A Shares COM 92826c839 3,054 32,570 SH   SOLE   32,570 0 0
Vornado Realty Trust COM 929042109 6,898 73,459 SH   SOLE   73,459 0 0
WEC Energy Group Inc COM 92939u106 5,336 86,934 SH   SOLE   86,934 0 0
Wal-Mart Stores Inc COM 931142103 1,502 19,853 SH   SOLE   19,853 0 0
Walgreens Boots Alliance Inc COM 931427108 12,743 162,724 SH   SOLE   162,724 0 0
Waste Management Inc COM 94106l109 15,240 207,771 SH   SOLE   207,771 0 0
Wells Fargo & Company COM 949746101 35,567 641,888 SH   SOLE   641,888 0 0
Westamerica Bancorportaion COM 957090103 639 11,399 SH   SOLE   11,399 0 0
Western Digital Corp COM 958102105 584 6,586 SH   SOLE   6,586 0 0
Weyerhaeuser Co COM 962166104 588 17,561 SH   SOLE   17,561 0 0
Whirlpool Corp COM 963320106 2,537 13,237 SH   SOLE   13,237 0 0
White Mountains Insurance Grou COM g9618e107 650 748 SH   SOLE   748 0 0
Williams Cos Inc COM 969457100 3,645 120,391 SH   SOLE   120,391 0 0
Williams-Sonoma Inc COM 969904101 5,232 107,870 SH   SOLE   107,870 0 0
WisdomTree MidCap Div Index COM 97717w505 215 2,204 SH   SOLE   2,204 0 0
Xcel Energy Inc COM 98389b100 251 5,461 SH   SOLE   5,461 0 0
Yum! Brands Inc COM 988498101 314 4,258 SH   SOLE   4,258 0 0
Zimmer Biomet Holdings Inc COM 98956p102 3,236 25,199 SH   SOLE   25,199 0 0
iShares Core Dividend Growth COM 46434v621 1,029 32,853 SH   SOLE   32,853 0 0
iShares Core US Value COM 464287663 235 4,608 SH   SOLE   4,608 0 0
iShares DJ Select Dividend Ind COM 464287168 7,676 83,246 SH   SOLE   83,246 0 0
iShares DJ US Energy Sector COM 464287796 934 26,323 SH   SOLE   26,323 0 0
iShares DJ US Financial Sect COM 464287788 1,253 11,652 SH   SOLE   11,652 0 0
iShares DJ US Health Car Pro COM 464288828 305 2,055 SH   SOLE   2,055 0 0
iShares DJ US Medical Device COM 464288810 324 1,945 SH   SOLE   1,945 0 0
iShares DJ US Telecommunicatio COM 464287713 1,385 42,919 SH   SOLE   42,919 0 0
iShares DJ US Transport Index COM 464287192 1,716 9,975 SH   SOLE   9,975 0 0
iShares Goldman Sachs Tech I COM 464287721 323 2,310 SH   SOLE   2,310 0 0
iShares MSCI EAFE Index COM 464287465 885 13,576 SH   SOLE   13,576 0 0
iShares MSCI Emerging Markets COM 464287234 308 7,435 SH   SOLE   7,435 0 0
iShares MSCI USA Quality Facto COM 46432f339 1,004 13,495 SH   SOLE   13,495 0 0
iShares Nasdaq Biotech Index F COM 464287556 6,404 20,652 SH   SOLE   20,652 0 0
iShares Russell 1000 Growth COM 464287614 797 6,696 SH   SOLE   6,696 0 0
iShares Russell 1000 Value COM 464287598 219 1,882 SH   SOLE   1,882 0 0
iShares Russell 2000 Index Fun COM 464287655 512 3,636 SH   SOLE   3,636 0 0
iShares Russell Midcap Growth COM 464287481 228 2,110 SH   SOLE   2,110 0 0
iShares Russell Midcap Value COM 464287473 200 2,380 SH   SOLE   2,380 0 0
iShares S&P 100 Index Fund COM 464287101 1,862 17,417 SH   SOLE   17,417 0 0
iShares S&P 500 Index Fund COM 464287200 4,367 17,941 SH   SOLE   17,941 0 0
iShares S&P 500 Value Index Fu COM 464287408 210 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 557 12,565 SH   SOLE   12,565 0 0
iShares S&P Global 100 COM 464287572 695 8,246 SH   SOLE   8,246 0 0
iShares S&P Midcap 400 COM 464287507 1,619 9,307 SH   SOLE   9,307 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 493 7,026 SH   SOLE   7,026 0 0
iShares S&P US Preferred Stock COM 464288687 8,558 218,488 SH   SOLE   218,488 0 0
AEGON 8.00. 2042 Notes Call 08 PFD 007924608 2,363 91,181 SH   SOLE   91,181 0 0
AGNC Investment Corp 7.75. Per PFD 00123q302 885 33,884 SH   SOLE   33,884 0 0
AGNC Investment Corp 8.0. Perp PFD 02503x204 1,014 39,466 SH   SOLE   39,466 0 0
AON Cap 8.205. 1/27 Non-Call B PFD 22532r101 2,128 65,544 SH   SOLE   65,544 0 0
Affiliated Mgrs 6.375. A- Call PFD 008252876 345 13,600 SH   SOLE   13,600 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 297 10,990 SH   SOLE   10,990 0 0
Allied Capital ARCC6.875. 4/20 PFD 01903q207 252 9,798 SH   SOLE   9,798 0 0
Ally 8.125. Call CUM Called 5/ PFD 361860208 204 7,800 SH   SOLE   7,800 0 0
American Homes 4Rent 6.50. Per PFD 02665t702 347 13,399 SH   SOLE   13,399 0 0
Amtrust Financial 6.95. QDI Ca PFD 032359820 396 16,772 SH   SOLE   16,772 0 0
Amtrust Financial 7.25. CUM QD PFD 032359507 312 12,803 SH   SOLE   12,803 0 0
Amtrust Financial 7.25. SrNt C PFD 032359861 305 12,200 SH   SOLE   12,200 0 0
Amtrust Financial 7.5. QDI Cal PFD 032359887 2,763 111,645 SH   SOLE   111,645 0 0
Amtrust Financial 7.50.Nts 205 PFD 032359853 521 20,490 SH   SOLE   20,490 0 0
Amtrust Financial 7.625.CUM QD PFD 032359705 3,649 146,137 SH   SOLE   146,137 0 0
Amtrust Financial 7.75. QDI Ca PFD 032359846 2,210 87,086 SH   SOLE   87,086 0 0
Annaly Capital 7.625. CUM Cl 8 PFD 035710888 1,324 51,791 SH   SOLE   51,791 0 0
Annaly Capital 7.625. Perp Cl PFD 035710706 322 12,474 SH   SOLE   12,474 0 0
Apollo Cmmrl Real Est 8.00. CU PFD 03762u501 387 15,232 SH   SOLE   15,232 0 0
Arbor Realty 8.50. CUM Perp Ca PFD 038923801 281 10,857 SH   SOLE   10,857 0 0
Arch Capital 6.75. BBB QDI Cl PFD g0450a204 724 28,226 SH   SOLE   28,226 0 0
Ares Management 7. Call 6/21 B PFD 04014y200 460 17,252 SH   SOLE   17,252 0 0
Argo Group 6.5. Sr Notes Call PFD 040130205 1,892 74,789 SH   SOLE   74,789 0 0
Ashford Hospitality 7.375. NR PFD 044103604 1,541 61,641 SH   SOLE   61,641 0 0
Aspen Insurance 7.25. BBB QDI PFD g05384147 6,959 278,342 SH   SOLE   278,342 0 0
B Riley Financial 7.50. SenNts PFD 05580m207 426 16,370 SH   SOLE   16,370 0 0
B Riley Financial 7.50. SnNts PFD 05580m306 2,370 92,000 SH   SOLE   92,000 0 0
BB&T Capital 5.625. Call 8/201 PFD 054937404 202 7,951 SH   SOLE   7,951 0 0
BGC Partners 8.125. 2042 Call PFD 05541t408 4,284 167,119 SH   SOLE   167,119 0 0
BancOfCalifornia 7.00. Cal2021 PFD 05990k874 1,748 64,999 SH   SOLE   64,999 0 0
BancOfCalifornia 7.375. Ca2020 PFD 05990k882 6,954 261,423 SH   SOLE   261,423 0 0
BancOfCalifornia 8.00. Cal2018 PFD 05990k403 2,864 106,801 SH   SOLE   106,801 0 0
Bank of America $1000pv 7.25. PFD 060505682 4,241 3,360 SH   SOLE   3,360 0 0
Bank of America 6.5. Prp Cl 1/ PFD 060505310 495 18,395 SH   SOLE   18,395 0 0
Bank of America 6.625. Prp/Cl PFD 060505344 2,947 108,913 SH   SOLE   108,913 0 0
Bank of America 6.625.Prp Cl 1 PFD 060505740 649 25,092 SH   SOLE   25,092 0 0
Barclays 8.125. Perp/Cl 3/14 B PFD 06739h362 391 14,700 SH   SOLE   14,700 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,261 47,961 SH   SOLE   47,961 0 0
BlueRock Residential Growth 8. PFD 09627j508 2,190 82,582 SH   SOLE   82,582 0 0
Boston Private Finl 6.95.Perp PFD 101119303 763 29,396 SH   SOLE   29,396 0 0
CBL & Associates 6.625. Perp C PFD 124830803 402 17,304 SH   SOLE   17,304 0 0
CBL&Assoc Properties 7.375.CUM PFD 124830605 349 15,008 SH   SOLE   15,008 0 0
CHS Chemical 7.50. Cl 1/2025 C PFD 12542r803 7,468 258,494 SH   SOLE   258,494 0 0
CHS Chemicals 6.75. Perp cl 20 PFD 12542r704 366 12,929 SH   SOLE   12,929 0 0
CHS Chemicals 7.875. Perp cl 2 PFD 12542r308 412 14,247 SH   SOLE   14,247 0 0
Capital One Finl 6.7.Prp Call PFD 14040h709 1,532 55,860 SH   SOLE   55,860 0 0
CenturyLink Quest 7.0.SnNts Cl PFD 74913g501 2,852 112,694 SH   SOLE   112,694 0 0
Chesapeake Lodging 7.75.CUM Ca PFD 165240201 4,593 183,864 SH   SOLE   183,864 0 0
Chimera Investment Corp 8. Cal PFD 16934q406 513 20,052 SH   SOLE   20,052 0 0
Citigroup 5.8. B1 Call 4/18 QD PFD 172967366 207 7,956 SH   SOLE   7,956 0 0
Citigroup 7.125. Flt Aftr 9/23 PFD 172967358 8,294 277,388 SH   SOLE   277,388 0 0
Citigroup Tst 7.875. Cl2015 Li PFD 173080201 926 35,645 SH   SOLE   35,645 0 0
City Office REIT 6.625. CUM Ca PFD 178587200 696 27,537 SH   SOLE   27,537 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w880 2,215 86,005 SH   SOLE   86,005 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w872 463 18,125 SH   SOLE   18,125 0 0
Colony NorthStar 7.50. CUM Cal PFD 19625w807 2,821 107,032 SH   SOLE   107,032 0 0
Colony NorthStar 8.25. CUM Cal PFD 19625w302 360 14,118 SH   SOLE   14,118 0 0
Colony NorthStar 8.50. CUM Cal PFD 19625w500 861 32,663 SH   SOLE   32,663 0 0
Colony NorthStar 8.75. CUM Cal PFD 19625w609 474 17,543 SH   SOLE   17,543 0 0
Colony Northstar 8.875. CUM Ca PFD 19625w401 443 17,159 SH   SOLE   17,159 0 0
CoreEnergy 7.375. Pfd - Par Ca PFD 21870u304 1,422 56,829 SH   SOLE   56,829 0 0
Cowen 8.25. Senior Notes Call1 PFD 223622309 1,480 55,427 SH   SOLE   55,427 0 0
Deutsche Bank 8.05. PrpCl6/18 PFD 25150l108 250 9,405 SH   SOLE   9,405 0 0
Deutsche Bnk 7.6. Prp Cl 2/18 PFD 25154a108 415 15,855 SH   SOLE   15,855 0 0
Digital Realty 7.375. Perp CUM PFD 253868871 2,175 79,288 SH   SOLE   79,288 0 0
Discover Financial 6.50.Perp Q PFD 254709207 1,949 75,595 SH   SOLE   75,595 0 0
Dynagas LNG 9.0. QDI CUM cl 2 PFD Y2188b116 1,334 50,547 SH   SOLE   50,547 0 0
EBAY 6.00. Sr Notes Call 3/1/2 PFD 278642202 583 21,300 SH   SOLE   21,300 0 0
EaglePoint Credit 7.75. Due 10 PFD 269809307 241 9,300 SH   SOLE   9,300 0 0
EaglePoint Credit 7.75.2022 CU PFD 269809109 778 30,196 SH   SOLE   30,196 0 0
Endurance Specialty 6.35. Cl 1 PFD 29267h406 265 9,900 SH   SOLE   9,900 0 0
Felcor Lodging $1.95 Cnv@$32.2 PFD 31430f200 331 11,849 SH   SOLE   11,849 0 0
First Republic 7.0. Cl 12/18 B PFD 33616c860 4,791 178,443 SH   SOLE   178,443 0 0
GGP Inc 6.375. Call 2/2018 CUM PFD 370023202 377 14,800 SH   SOLE   14,800 0 0
GasLog LP 8.625.fxd/flt Cum Q PFD y2637w116 657 25,700 SH   SOLE   25,700 0 0
GasLog Ltd 8.75. Ser A CUM QDI PFD g37585117 1,465 56,811 SH   SOLE   56,811 0 0
Gladstone Commercial 7.00. CUM PFD 376536603 5,078 194,918 SH   SOLE   194,918 0 0
Gladstone Investment 6.25. CUM PFD 376546503 652 25,550 SH   SOLE   25,550 0 0
Global Indemnity SnNts7.875. C PFD g3933f139 846 33,325 SH   SOLE   33,325 0 0
Global Indemnity SrNts7.75. Ca PFD g3933f121 1,983 77,147 SH   SOLE   77,147 0 0
Goldman 5.5. Flt Aftr 5/23 Cl PFD 38145g308 2,001 71,090 SH   SOLE   71,090 0 0
GoldmanSachs Lib.75 Min3.75. C PFD 38143y665 650 26,993 SH   SOLE   26,993 0 0
HSBC Hldgs 8.0. Prp Cl 12/15 B PFD 404280802 2,527 94,260 SH   SOLE   94,260 0 0
Hanover Insurance6.35. Cl3/18 PFD 410867204 1,278 49,431 SH   SOLE   49,431 0 0
Hartford Finl 7.875. 2042 call PFD 416518504 1,272 41,359 SH   SOLE   41,359 0 0
Hercules Capital 6.25.SrNts 24 PFD 427096862 227 8,900 SH   SOLE   8,900 0 0
Hersha Hospitality 6.50. NR Ca PFD 427825609 494 19,554 SH   SOLE   19,554 0 0
IberiaBank Corp 6.60. Call 5/1 PFD 450828504 862 31,137 SH   SOLE   31,137 0 0
Investors REIT 7.95. Perp CUM PFD 461730301 1,460 58,097 SH   SOLE   58,097 0 0
JMP Group 8.00. SrDeb Due1/202 PFD 46629u206 414 16,264 SH   SOLE   16,264 0 0
JPMorgan Chase 6.70.Perp/Call PFD 48127a161 1,732 64,198 SH   SOLE   64,198 0 0
Just Energy 8.50.Perp Call3/20 PFD 48213w200 963 38,180 SH   SOLE   38,180 0 0
LaSalle Hotel 6.3. Call 5/2021 PFD 517942884 269 10,609 SH   SOLE   10,609 0 0
LaSalle Hotel 6.375. Call 3/20 PFD 517942801 244 9,664 SH   SOLE   9,664 0 0
M&T Bank 6.375. Cl 11/18 BBB- PFD 55261f708 503 484 SH   SOLE   484 0 0
MFA Financial 7.5. Prp Cl 4/15 PFD 55272x409 229 9,026 SH   SOLE   9,026 0 0
Maiden Holdings 6.70.Prp Cl 6/ PFD g5753u146 253 10,000 SH   SOLE   10,000 0 0
Maiden Holdings 7.125.PrpCl 12 PFD g5753u138 780 29,450 SH   SOLE   29,450 0 0
Maiden Holdings 8.25.Prp Cl8/2 PFD g5753u120 1,820 71,537 SH   SOLE   71,537 0 0
Medley Capital7.25.SrNts Due24 PFD 58503y204 390 15,550 SH   SOLE   15,550 0 0
Medley Capitl 6.875.Notes Due2 PFD 58503y105 297 12,300 SH   SOLE   12,300 0 0
MetLife 3MoLibor.100 Min 4.0. PFD 59156r504 219 8,666 SH   SOLE   8,666 0 0
Morgan Stanley 3MoLib.70bp 4.F PFD 61747s504 541 22,884 SH   SOLE   22,884 0 0
Morgan Stanley 7.125.Flt Aftr1 PFD 61762v200 5,195 175,282 SH   SOLE   175,282 0 0
National General 7.5. NA Cl Q PFD 636220857 5,364 207,901 SH   SOLE   207,901 0 0
National General 7.50.Call4/20 PFD 636220808 3,385 130,816 SH   SOLE   130,816 0 0
National General 7.625. Call9/ PFD 636220873 1,919 74,859 SH   SOLE   74,859 0 0
National General7.50.Call 7/20 PFD 636220709 2,711 104,257 SH   SOLE   104,257 0 0
New York MtgTrust 7.875.Perp C PFD 649604808 306 12,316 SH   SOLE   12,316 0 0
NewTek Business Svs 7.0.Nts du PFD 652526401 246 9,640 SH   SOLE   9,640 0 0
NewTek Business Svs 7.50. Nts PFD 652526302 532 20,111 SH   SOLE   20,111 0 0
News Corp 7.00. 12/1/2095 call PFD 863117206 218 8,503 SH   SOLE   8,503 0 0
NuStar Logistics 7.625.Nts Cl PFD 67059t204 1,400 54,775 SH   SOLE   54,775 0 0
Oxford Lane Cap6.75. Nts 6/202 PFD 691543508 882 35,400 SH   SOLE   35,400 0 0
Oxford Lane Cap8.125. Called 7 PFD 691543409 201 8,013 SH   SOLE   8,013 0 0
PS Business Parks 6.0. Cl 5/20 PFD 69360j685 249 9,874 SH   SOLE   9,874 0 0
Partner Re 6.50.Perp Cal 4/202 PFD g68603136 728 26,750 SH   SOLE   26,750 0 0
Partner Re 7.25. Call 06/21 BB PFD g68603144 7,263 250,433 SH   SOLE   250,433 0 0
Penn Real Estate 8.25. CIM Per PFD 709102404 248 9,784 SH   SOLE   9,784 0 0
Penn RealEstate 7.20.CUM Perp PFD 709102602 356 13,268 SH   SOLE   13,268 0 0
Penn RealEstate 7.375.CUM Perp PFD 709102503 568 22,296 SH   SOLE   22,296 0 0
PennyMac Mtg 8.125. 2024 Libor PFD 70931t301 348 13,759 SH   SOLE   13,759 0 0
Pitney Bowes 6.7. Cl 3/7/18 BB PFD 724479506 334 12,500 SH   SOLE   12,500 0 0
Prospect Captl 6.25. 6/24 SrNt PFD 74348t300 1,696 65,056 SH   SOLE   65,056 0 0
Prudential PLC 6.75. PrpCl 9/0 PFD g7293h114 520 19,602 SH   SOLE   19,602 0 0
Quest USWest 7.0. SrNts 2056 2 PFD 74913g808 3,563 134,293 SH   SOLE   134,293 0 0
Quest USWest SnNotes 7.0. 2052 PFD 74913G402 1,275 50,100 SH   SOLE   50,100 0 0
Quest USWest Sr Nts6.125.Nts C PFD 74913g600 217 8,670 SH   SOLE   8,670 0 0
Quest USWestSnNote7.5. BBB- Cl PFD 74913g303 1,259 49,603 SH   SOLE   49,603 0 0
Quest USWestSnNotes 6.875. CL PFD 74913g105 3,231 126,050 SH   SOLE   126,050 0 0
Qwest Corp 6.5. Sr Note 9/56 C PFD 74913g881 2,537 101,580 SH   SOLE   101,580 0 0
Qwest Corp 6.75. SrNote 6/57 C PFD 74913g873 663 26,150 SH   SOLE   26,150 0 0
Regency Centers 6.00. BBB- Cal PFD 758849806 421 16,706 SH   SOLE   16,706 0 0
Regions Financial 6.375. Cl 12 PFD 7591ep308 397 15,450 SH   SOLE   15,450 0 0
Reinsurance Group of Amer 6.2. PFD 759351703 367 12,300 SH   SOLE   12,300 0 0
Retail Properties of Amer 7.0. PFD 76131v608 394 15,400 SH   SOLE   15,400 0 0
SL Green Realty 6.5. Perp CUM PFD 78440x507 1,773 70,397 SH   SOLE   70,397 0 0
SoCalEd 5.375. CUM cl 2025 QDI PFD 78409g206 794 28,111 SH   SOLE   28,111 0 0
Solar Capital 6.75. Cl 11/17 PFD 83413u308 478 18,673 SH   SOLE   18,673 0 0
Sotherly Hotels 8. Cum Perp C PFD 83600c301 2,643 104,471 SH   SOLE   104,471 0 0
Spark Energy 8.75. Call 2022 Q PFD 846511202 234 8,850 SH   SOLE   8,850 0 0
Summit Hotel 7.875. Perp CUM C PFD 866082308 2,902 112,295 SH   SOLE   112,295 0 0
Summit Hotel7.125.Perp CUM Cal PFD 866082407 964 37,239 SH   SOLE   37,239 0 0
Sunstone Hotel 6.95. Prp/Cl 3/ PFD 867892606 399 15,407 SH   SOLE   15,407 0 0
Taubman Centers 6.5. CUM NA Cl PFD 876664608 249 9,905 SH   SOLE   9,905 0 0
Telephone & Data 6.875. Cl 11/ PFD 879433845 2,106 82,775 SH   SOLE   82,775 0 0
Telephone & Data 7.0. Cl 3/16 PFD 879433837 794 31,002 SH   SOLE   31,002 0 0
Texas Capitl Bancshares6.50. 2 PFD 882228307 403 15,851 SH   SOLE   15,851 0 0
Torchmark Crp 6.125. SubDebCal PFD 891027401 944 35,550 SH   SOLE   35,550 0 0
TravelCenters SnNotes 8. 10/20 PFD 894174408 1,273 54,149 SH   SOLE   54,149 0 0
TravelCenters SnNotes 8. 2029 PFD 894174309 2,502 105,821 SH   SOLE   105,821 0 0
Triancgle Capitl 6.375.Sr Note PFD 895848406 852 33,250 SH   SOLE   33,250 0 0
TriplePoint Venture 6.75. Call PFD 89677y209 582 22,750 SH   SOLE   22,750 0 0
Two Harbors Investments 8.125. PFD 90187b200 713 25,705 SH   SOLE   25,705 0 0
UMH Properties 8.0. Perp Cum C PFD 903002301 606 22,030 SH   SOLE   22,030 0 0
US Bancorp 6.5. Flt Aftr 1/22 PFD 902973833 1,263 42,547 SH   SOLE   42,547 0 0
US Celllular SrNts 7.25. 2063 PFD 911684504 578 21,900 SH   SOLE   21,900 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 1,925 70,902 SH   SOLE   70,902 0 0
VEREIT Inc 6.70. Perp CUM Cl 2 PFD 92339v209 977 36,746 SH   SOLE   36,746 0 0
Wells Fargo 5.85.Flt Aftr 9/23 PFD 949746556 346 12,525 SH   SOLE   12,525 0 0
Wells Fargo 6.375. Cl 12/19 BB PFD 94988n207 781 28,759 SH   SOLE   28,759 0 0
Wells Fargo 7.5. Cnv@$156 $100 PFD 949746804 18,033 13,754 SH   SOLE   13,754 0 0
Wells Fargo 8.00. Prp Cl12/17 PFD 949746879 8,699 335,753 SH   SOLE   335,753 0 0
Wheeler RealEstate 8.75.CUM Pu PFD 963025606 370 16,064 SH   SOLE   16,064 0 0
WinTrust Financial 6.50. Call PFD 97650w405 229 8,294 SH   SOLE   8,294 0 0
Bank of America 5.20. Perp/Cal PFD 060505ED2 882 865,000 PRN   SOLE   865,000 0 0
Charles Schwab 7. Perp/Call 2/ PFD 808513AE5 1,754 1,522,000 PRN   SOLE   1,522,000 0 0
Citigroup 5.35. Perp/Call 5/23 PFD 172967GR6 758 740,000 PRN   SOLE   740,000 0 0
Citigroup 5.875. Perp/Call 3/2 PFD 172967JK8 367 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc 5.95. Perp Call PFD 172967GD7 1,145 1,070,000 PRN   SOLE   1,070,000 0 0
Citigroup Inc 6.125. Perp Call PFD 172967KD2 590 550,000 PRN   SOLE   550,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 213 200,000 PRN   SOLE   200,000 0 0
GE Cap Corp 5.00. Perp/Call 1/ PFD 369604BQ5 2,236 2,109,000 PRN   SOLE   2,109,000 0 0
Goldman Sachs 5.375 Perp/Call PFD 38148BAB4 202 190,000 PRN   SOLE   190,000 0 0
JPMorgan 6.0. Perp/Call 8/23 - PFD 48126HAA8 2,852 2,650,000 PRN   SOLE   2,650,000 0 0
JPMorgan 7.9. Perp/Call 4/18 - PFD 46625HHA1 2,981 2,870,000 PRN   SOLE   2,870,000 0 0
So. Cal Edison 6.25. Perp/Call PFD 842400FU2 728 650,000 PRN   SOLE   650,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 2,762 2,745,000 PRN   SOLE   2,745,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 581 560,000 PRN   SOLE   560,000 0 0