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 298 1 SH   SOLE   1 0 0
3M Company COM 88579y101 26,037 110,623 SH   SOLE   110,623 0 0
ABB Ltd-Spon ADR COM 000375204 3,589 133,822 SH   SOLE   133,822 0 0
ASML Hldgs NV-NY Reg Shs COM n07059210 400 2,300 SH   SOLE   2,300 0 0
AT&T Inc COM 00206r102 7,339 188,765 SH   SOLE   188,765 0 0
AbbVie Inc COM 00287y109 14,742 152,432 SH   SOLE   152,432 0 0
Abbott Laboratories COM 002824100 11,851 207,651 SH   SOLE   207,651 0 0
Accenture PLC-Cl A COM g1151c101 5,725 37,395 SH   SOLE   37,395 0 0
Adobe Systems Inc COM 00724f101 1,349 7,698 SH   SOLE   7,698 0 0
Aetna Inc COM 00817Y108 1,494 8,281 SH   SOLE   8,281 0 0
Aflac Inc COM 001055102 1,301 14,825 SH   SOLE   14,825 0 0
Agilent Technologies Inc COM 00846u101 1,098 16,398 SH   SOLE   16,398 0 0
Air Products & Chemicals Inc COM 009158106 8,593 52,371 SH   SOLE   52,371 0 0
Alibaba Group Holding-SP ADR COM 01609w102 325 1,882 SH   SOLE   1,882 0 0
Allergan plc (new) COM g0177j108 6,271 38,335 SH   SOLE   38,335 0 0
Allstate Corp COM 020002101 573 5,471 SH   SOLE   5,471 0 0
Alphabet Inc-Cl A COM 02079k305 10,614 10,076 SH   SOLE   10,076 0 0
Alphabet Inc-Cl C COM 02079k107 6,202 5,927 SH   SOLE   5,927 0 0
Altaba Inc COM 021346101 1,381 19,773 SH   SOLE   19,773 0 0
Altria Group Inc COM 02209s103 10,818 151,496 SH   SOLE   151,496 0 0
Amarillo Gold Corp COM 02301t108 3 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 10,614 9,076 SH   SOLE   9,076 0 0
American Electric Power COM 025537101 482 6,557 SH   SOLE   6,557 0 0
American Express Co COM 025816109 1,757 17,688 SH   SOLE   17,688 0 0
AmerisourceBergen Corp COM 03073e105 216 2,350 SH   SOLE   2,350 0 0
Amgen Inc COM 031162100 2,806 16,137 SH   SOLE   16,137 0 0
Anthem Inc COM 036752103 3,190 14,177 SH   SOLE   14,177 0 0
Apple Inc COM 037833100 42,342 250,201 SH   SOLE   250,201 0 0
Applied Materials Inc COM 038222105 290 5,681 SH   SOLE   5,681 0 0
Archer-Daniels-Midland Co COM 039483102 461 11,507 SH   SOLE   11,507 0 0
Automatic Data Processing COM 053015103 21,521 183,643 SH   SOLE   183,643 0 0
BCE Inc COM 05534b760 1,825 38,022 SH   SOLE   38,022 0 0
Bank Of Marin Bancorp/CA COM 063425102 808 11,880 SH   SOLE   11,880 0 0
Bank Of New York Mellon Corp COM 064058100 254 4,715 SH   SOLE   4,715 0 0
Bank of America Corp COM 060505104 9,202 311,713 SH   SOLE   311,713 0 0
Baxter International Inc. COM 071813109 436 6,745 SH   SOLE   6,745 0 0
Becton Dickinson & Co COM 075887109 3,230 15,090 SH   SOLE   15,090 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 4,008 20,222 SH   SOLE   20,222 0 0
Biogen Inc COM 09062x103 1,389 4,359 SH   SOLE   4,359 0 0
Blackrock Inc COM 09247x101 494 962 SH   SOLE   962 0 0
Blackstone Group/The COM 09253u108 542 16,925 SH   SOLE   16,925 0 0
Boeing Co COM 097023105 3,423 11,606 SH   SOLE   11,606 0 0
Bristol-Myers Squibb Co COM 110122108 17,314 282,545 SH   SOLE   282,545 0 0
Broadcom Ltd COM y09827109 449 1,746 SH   SOLE   1,746 0 0
Brown-Forman Corp -Cl B COM 115637209 528 7,695 SH   SOLE   7,695 0 0
CBS Corp Class B COM 124857202 407 6,895 SH   SOLE   6,895 0 0
CR Bard Inc COM 067383109 766 2,314 SH   SOLE   2,314 0 0
CSX Corp COM 126408103 264 4,801 SH   SOLE   4,801 0 0
CVS Health Corp COM 126650100 2,446 33,743 SH   SOLE   33,743 0 0
CalAtlantic Group COM 128195104 1,100 19,500 SH   SOLE   19,500 0 0
Canadian Natl Railway Co COM 136375102 271 3,290 SH   SOLE   3,290 0 0
CarMax Inc COM 143130102 224 3,500 SH   SOLE   3,500 0 0
Caterpillar Inc COM 149123101 4,803 30,478 SH   SOLE   30,478 0 0
Celgene Corp COM 151020104 384 3,684 SH   SOLE   3,684 0 0
CenterPoint Energy Inc COM 15189t107 1,935 68,223 SH   SOLE   68,223 0 0
Cerner Corp COM 156782104 3,634 53,931 SH   SOLE   53,931 0 0
Check Point Software Tech COM m22465104 1,308 12,621 SH   SOLE   12,621 0 0
Chevron Corp COM 166764100 31,612 252,514 SH   SOLE   252,514 0 0
Chubb Ltd (new) COM h1467j104 2,706 18,516 SH   SOLE   18,516 0 0
Cigna Corp COM 125509109 293 1,443 SH   SOLE   1,443 0 0
Cincinnati Financial Corp COM 172062101 722 9,625 SH   SOLE   9,625 0 0
Cintas Corp COM 172908105 693 4,448 SH   SOLE   4,448 0 0
Cisco Systems Inc COM 17275R102 6,071 158,500 SH   SOLE   158,500 0 0
Citigroup Inc COM 172967424 456 6,128 SH   SOLE   6,128 0 0
Citizens Financial Group COM 174610105 222 5,280 SH   SOLE   5,280 0 0
Clorox Company COM 189054109 16,553 111,291 SH   SOLE   111,291 0 0
Coca-Cola Co/The COM 191216100 5,281 115,102 SH   SOLE   115,102 0 0
Colgate-Palmolive Co COM 194162103 9,759 129,348 SH   SOLE   129,348 0 0
Comcast Corp-Cl A COM 20030n101 1,391 34,741 SH   SOLE   34,741 0 0
Conagra Brands Inc COM 205887102 942 25,004 SH   SOLE   25,004 0 0
ConocoPhillips COM 20825C104 4,182 76,193 SH   SOLE   76,193 0 0
Consolidated Edison Inc COM 209115104 957 11,266 SH   SOLE   11,266 0 0
Costco Wholesale Corp COM 22160K105 22,535 121,077 SH   SOLE   121,077 0 0
Crown Castle Intl Corp COM 22822v101 19,003 171,183 SH   SOLE   171,183 0 0
Danaher Corp COM 235851102 5,370 57,849 SH   SOLE   57,849 0 0
Deere & Co COM 244199105 2,076 13,267 SH   SOLE   13,267 0 0
Diageo Plc-Sponsored ADR COM 25243q205 590 4,037 SH   SOLE   4,037 0 0
Dick's Sporting Goods Inc COM 253393102 314 10,938 SH   SOLE   10,938 0 0
Disney Co./Walt The COM 254687106 16,649 154,860 SH   SOLE   154,860 0 0
Dominion Resources Inc/Va COM 25746u109 652 8,048 SH   SOLE   8,048 0 0
Dover Corp COM 260003108 919 9,097 SH   SOLE   9,097 0 0
DowDuPont Inc COM 26078j100 11,837 166,197 SH   SOLE   166,197 0 0
Dr Pepper Snapple Group Inc COM 26138e109 577 5,940 SH   SOLE   5,940 0 0
Duke Energy Corp COM 26441c204 634 7,537 SH   SOLE   7,537 0 0
Eaton Corp PLC COM g29183103 1,180 14,941 SH   SOLE   14,941 0 0
Ecolab Inc COM 278865100 13,981 104,193 SH   SOLE   104,193 0 0
Edison International COM 281020107 9,989 157,950 SH   SOLE   157,950 0 0
Electronic Arts Inc COM 285512109 774 7,367 SH   SOLE   7,367 0 0
Eli Lilly & Co COM 532457108 4,115 48,721 SH   SOLE   48,721 0 0
Emerson Electric Co COM 291011104 1,758 25,228 SH   SOLE   25,228 0 0
Enbridge Inc COM 29250n105 3,208 82,034 SH   SOLE   82,034 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 863 32,568 SH   SOLE   32,568 0 0
Equity Residential COM 29476l107 203 3,185 SH   SOLE   3,185 0 0
Essex Property Trust Inc COM 297178105 1,166 4,830 SH   SOLE   4,830 0 0
Eurasian Minerals Inc COM 29843r100 45 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 393 6,214 SH   SOLE   6,214 0 0
Express Scripts Holding Co. COM 30219g108 355 4,752 SH   SOLE   4,752 0 0
Exxon Mobil Corp COM 30231G102 9,319 111,422 SH   SOLE   111,422 0 0
Facebook Inc COM 30303m102 52,582 297,984 SH   SOLE   297,984 0 0
Fanhua Inc-Sponsored ADR COM 30712a103 505 23,374 SH   SOLE   23,374 0 0
FedEx Corp COM 31428x106 892 3,576 SH   SOLE   3,576 0 0
Finisar Corporation COM 31787a507 204 10,000 SH   SOLE   10,000 0 0
First Republic Bank/San Franci COM 33616C100 7,633 88,102 SH   SOLE   88,102 0 0
First Trust Mid Cap Growth Alp COM 33737m102 2,433 62,091 SH   SOLE   62,091 0 0
First Trust Mid Cap Value ETF COM 33737m201 319 8,783 SH   SOLE   8,783 0 0
First Trust Morningstar Divide COM 336917109 726 24,122 SH   SOLE   24,122 0 0
Ford Motor Co COM 345370860 227 18,206 SH   SOLE   18,206 0 0
Fortinet Inc COM 34959e109 447 10,240 SH   SOLE   10,240 0 0
Fortive Corp COM 34959j108 222 3,071 SH   SOLE   3,071 0 0
General Dynamics Corp COM 369550108 3,514 17,273 SH   SOLE   17,273 0 0
General Electric Co COM 369604103 5,466 313,265 SH   SOLE   313,265 0 0
General Mills Inc COM 370334104 5,568 93,905 SH   SOLE   93,905 0 0
General Motors Co COM 37045v100 432 10,537 SH   SOLE   10,537 0 0
Genuine Parts Co COM 372460105 7,583 79,811 SH   SOLE   79,811 0 0
Gilead Sciences Inc COM 375558103 628 8,761 SH   SOLE   8,761 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 234 6,589 SH   SOLE   6,589 0 0
Goldman Sach Active Beta US La COM 381430503 672 12,596 SH   SOLE   12,596 0 0
Goldman Sachs Group Inc COM 38141G104 836 3,281 SH   SOLE   3,281 0 0
Great Plains Energy Inc COM 391164100 1,180 36,596 SH   SOLE   36,596 0 0
Guggenheim Russell Top 50 ETF COM 78355w205 918 4,834 SH   SOLE   4,834 0 0
Guggenheim S&P Equal Weight COM 78355w106 759 7,514 SH   SOLE   7,514 0 0
Guggenheim S&P Equal Weight Fi COM 78355w858 290 6,580 SH   SOLE   6,580 0 0
HCP Inc REIT COM 40414l109 3,896 149,397 SH   SOLE   149,397 0 0
Home Depot Inc COM 437076102 22,264 117,467 SH   SOLE   117,467 0 0
Honeywell International Inc COM 438516106 6,403 41,755 SH   SOLE   41,755 0 0
Hormel Foods Corp COM 440452100 608 16,710 SH   SOLE   16,710 0 0
Illinois Tool Works COM 452308109 1,655 9,922 SH   SOLE   9,922 0 0
Ingersoll-Rand PLC COM g47791101 2,129 23,871 SH   SOLE   23,871 0 0
Intel Corp COM 458140100 18,154 393,277 SH   SOLE   393,277 0 0
International Paper Co COM 460146103 392 6,769 SH   SOLE   6,769 0 0
Intl Business Machines Corp COM 459200101 3,592 23,412 SH   SOLE   23,412 0 0
Intl Flavors & Fragrances COM 459506101 954 6,250 SH   SOLE   6,250 0 0
Intuitive Surgical Inc COM 46120e602 290 795 SH   SOLE   795 0 0
Iron Mountain Inc COM 46284v101 374 9,912 SH   SOLE   9,912 0 0
Ivanhoe Mines Ltd COM 46579r104 815 241,500 SH   SOLE   241,500 0 0
JPMorgan Chase & Co COM 46625H100 14,085 131,705 SH   SOLE   131,705 0 0
JPMorgan US Large Cap Diversif COM 46641q407 1,480 20,991 SH   SOLE   20,991 0 0
Jacobs Engineering Group Inc COM 469814107 376 5,703 SH   SOLE   5,703 0 0
Johnson & Johnson COM 478160104 36,935 264,353 SH   SOLE   264,353 0 0
Johnson Controls Intl PLC COM g51502105 272 7,137 SH   SOLE   7,137 0 0
KLA-Tencor Corporation COM 482480100 309 2,943 SH   SOLE   2,943 0 0
Keysight Technologies Inc COM 49338l103 315 7,584 SH   SOLE   7,584 0 0
Kimberly-Clark Corp COM 494368103 18,764 155,508 SH   SOLE   155,508 0 0
Kinder Morgan Inc COM 49456b101 1,944 107,607 SH   SOLE   107,607 0 0
Kraft Heinz Co/The COM 500754106 2,319 29,817 SH   SOLE   29,817 0 0
L3 Technologies Inc COM 502413107 1,886 9,532 SH   SOLE   9,532 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 2,342 14,680 SH   SOLE   14,680 0 0
Lam Research Corp COM 512807108 374 2,029 SH   SOLE   2,029 0 0
Lamb Weston Holdings Inc COM 513272104 407 7,205 SH   SOLE   7,205 0 0
Leggett & Platt Inc COM 524660107 741 15,534 SH   SOLE   15,534 0 0
Lockheed Martin Corp COM 539830109 6,072 18,912 SH   SOLE   18,912 0 0
Lowe's Cos Inc COM 548661107 4,777 51,398 SH   SOLE   51,398 0 0
Lululemon Athletica Inc COM 550021109 662 8,425 SH   SOLE   8,425 0 0
Marathon Petroleum Corp COM 56585a102 381 5,769 SH   SOLE   5,769 0 0
Marriott International-Cl A COM 571903202 4,737 34,898 SH   SOLE   34,898 0 0
Masimo Corporation COM 574795100 205 2,415 SH   SOLE   2,415 0 0
MasterCard Inc-Class A COM 57636q104 219 1,450 SH   SOLE   1,450 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,345 23,009 SH   SOLE   23,009 0 0
McDonald's Corp COM 580135101 16,654 96,757 SH   SOLE   96,757 0 0
McKesson Corp COM 58155q103 1,107 7,096 SH   SOLE   7,096 0 0
Medical Properties Trust Inc COM 58463j304 220 15,929 SH   SOLE   15,929 0 0
Medtronic PLC COM g5960l103 7,003 86,727 SH   SOLE   86,727 0 0
Merck & Co. Inc. COM 58933y105 6,835 121,466 SH   SOLE   121,466 0 0
MetLife Inc COM 59156r108 213 4,214 SH   SOLE   4,214 0 0
Microsoft Corp COM 594918104 29,909 349,649 SH   SOLE   349,649 0 0
Mondelez International COM 609207105 1,650 38,550 SH   SOLE   38,550 0 0
Morgan Stanley COM 617446448 3,239 61,732 SH   SOLE   61,732 0 0
NVIDIA Corp COM 67066g104 355 1,832 SH   SOLE   1,832 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 3,874 45,067 SH   SOLE   45,067 0 0
NextEra Energy Inc COM 65339f101 17,645 112,974 SH   SOLE   112,974 0 0
Nike Inc -Cl B COM 654106103 11,151 178,275 SH   SOLE   178,275 0 0
Nordstrom Inc COM 655664100 204 4,297 SH   SOLE   4,297 0 0
Norfolk Southern Corp COM 655844108 359 2,475 SH   SOLE   2,475 0 0
Northrop Grumman Corp COM 666807102 206 672 SH   SOLE   672 0 0
Novartis Ag-ADR COM 66987v109 3,005 35,794 SH   SOLE   35,794 0 0
Nucor Corp COM 670346105 423 6,650 SH   SOLE   6,650 0 0
Nuveen S&P 500 Buy-Write Incom COM 6706er101 239 16,784 SH   SOLE   16,784 0 0
ONEOK Inc COM 682680103 215 4,018 SH   SOLE   4,018 0 0
Occidental Petroleum Corp COM 674599105 4,087 55,483 SH   SOLE   55,483 0 0
Oracle Corp COM 68389x105 3,980 84,169 SH   SOLE   84,169 0 0
PPG Industries Inc COM 693506107 200 1,713 SH   SOLE   1,713 0 0
Paccar Inc COM 693718108 1,143 16,087 SH   SOLE   16,087 0 0
Parker-Hannifin Corp COM 701094104 397 1,991 SH   SOLE   1,991 0 0
PayPal Holdings Inc COM 70450y103 215 2,920 SH   SOLE   2,920 0 0
Paychex Inc COM 704326107 206 3,021 SH   SOLE   3,021 0 0
Pentair PLC COM g7s00t104 764 10,816 SH   SOLE   10,816 0 0
PepsiCo Inc COM 713448108 9,497 79,194 SH   SOLE   79,194 0 0
Pfizer Inc COM 717081103 9,502 262,335 SH   SOLE   262,335 0 0
Philip Morris International COM 718172109 2,214 20,958 SH   SOLE   20,958 0 0
Phillips 66 COM 718546104 272 2,689 SH   SOLE   2,689 0 0
Plains GP Holdings LP COM 72651a207 220 10,000 SH   SOLE   10,000 0 0
PowerShares Buyback Achievers COM 73935x286 297 5,026 SH   SOLE   5,026 0 0
PowerShares Preferred Portfoli COM 73936t565 13,486 907,547 SH   SOLE   907,547 0 0
Powershares KBW Regional Bank COM 73937b712 1,364 24,355 SH   SOLE   24,355 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 5,174 33,218 SH   SOLE   33,218 0 0
Praxair Inc COM 74005p104 3,054 19,747 SH   SOLE   19,747 0 0
Preferred Apartment Communitie COM 74039l103 6,428 317,420 SH   SOLE   317,420 0 0
ProLogis Inc COM 74340w103 705 10,933 SH   SOLE   10,933 0 0
ProShares Ultra Technology COM 74347r693 281 3,200 SH   SOLE   3,200 0 0
Procter & Gamble Co COM 742718109 26,025 283,252 SH   SOLE   283,252 0 0
Public Service Enterprise Grou COM 744573106 3,526 68,467 SH   SOLE   68,467 0 0
Qualcomm Inc COM 747525103 404 6,312 SH   SOLE   6,312 0 0
Quest Diagnostics COM 74834l100 270 2,745 SH   SOLE   2,745 0 0
Raytheon Company COM 755111507 4,783 25,462 SH   SOLE   25,462 0 0
Realty Income Corp COM 756109104 11,783 206,652 SH   SOLE   206,652 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 352 936 SH   SOLE   936 0 0
Roche Holdings LTD-Spons ADR COM 771195104 4,083 129,281 SH   SOLE   129,281 0 0
Rockwell Automation Inc COM 773903109 267 1,360 SH   SOLE   1,360 0 0
Rockwell Collins Inc. COM 774341101 1,009 7,440 SH   SOLE   7,440 0 0
Roper Technologies Inc COM 776696106 298 1,149 SH   SOLE   1,149 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 700 10,499 SH   SOLE   10,499 0 0
S&P Global Inc COM 78409v104 1,579 9,324 SH   SOLE   9,324 0 0
SAP SE-Sponsored ADR COM 803054204 913 8,130 SH   SOLE   8,130 0 0
SPDR Consumer Discretionary Se COM 81369y407 19,468 197,267 SH   SOLE   197,267 0 0
SPDR Consumer Staples Select S COM 81369y308 8,119 142,708 SH   SOLE   142,708 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,378 5,571 SH   SOLE   5,571 0 0
SPDR Energy Select Sector COM 81369y506 18,145 251,113 SH   SOLE   251,113 0 0
SPDR Financial Select Sector COM 81369y605 18,493 662,609 SH   SOLE   662,609 0 0
SPDR Gold Trust COM 78463v107 1,646 13,313 SH   SOLE   13,313 0 0
SPDR Health Care Select Sector COM 81369y209 15,737 190,341 SH   SOLE   190,341 0 0
SPDR Industrial Select Sector COM 81369y704 14,798 195,565 SH   SOLE   195,565 0 0
SPDR Materials Select Sector COM 81369y100 4,347 71,815 SH   SOLE   71,815 0 0
SPDR NYSE Technology ETF COM 78464a102 661 7,892 SH   SOLE   7,892 0 0
SPDR Real Estate Sector COM 81369y860 1,579 47,936 SH   SOLE   47,936 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 8,956 33,560 SH   SOLE   33,560 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 288 3,452 SH   SOLE   3,452 0 0
SPDR S&P Biotech ETF COM 78464a870 698 8,228 SH   SOLE   8,228 0 0
SPDR S&P Dividend COM 78464a763 13,344 141,238 SH   SOLE   141,238 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 11,868 34,359 SH   SOLE   34,359 0 0
SPDR S&P Regional Banking COM 78464a698 2,486 42,248 SH   SOLE   42,248 0 0
SPDR Technology Select Sector COM 81369y803 43,721 683,672 SH   SOLE   683,672 0 0
SPDR Utilities Select Sector COM 81369y886 4,193 79,601 SH   SOLE   79,601 0 0
Salesforce.Com Inc COM 79466l302 2,074 20,287 SH   SOLE   20,287 0 0
Scana Corp COM 80589m102 344 8,652 SH   SOLE   8,652 0 0
Schlumberger Ltd COM 806857108 389 5,776 SH   SOLE   5,776 0 0
Schwab (Charles) Corp COM 808513105 1,038 20,211 SH   SOLE   20,211 0 0
Schwab Intl Equity ETF COM 808524805 292 8,561 SH   SOLE   8,561 0 0
Schwab US Broad Market ETF COM 808524102 2,077 32,194 SH   SOLE   32,194 0 0
Schwab US Dividend Equity ETF COM 808524797 9,122 178,273 SH   SOLE   178,273 0 0
Schwab US Large-Cap ETF COM 808524201 2,045 32,065 SH   SOLE   32,065 0 0
Schwab US Mid-Cap ETF COM 808524508 1,596 29,970 SH   SOLE   29,970 0 0
Sempra Energy COM 816851109 3,395 31,755 SH   SOLE   31,755 0 0
Sherwin Williams Co COM 824348106 976 2,379 SH   SOLE   2,379 0 0
Simon Property Group Inc COM 828806109 215 1,252 SH   SOLE   1,252 0 0
Southern Co COM 842587107 1,216 25,291 SH   SOLE   25,291 0 0
Spectral Medical Inc COM 847577103 8 25,000 SH   SOLE   25,000 0 0
Sprott Inc COM 852066109 34 17,500 SH   SOLE   17,500 0 0
Sprott Resource Holdings Inc COM 85209d101 88 733,252 SH   SOLE   733,252 0 0
Stanley Black & Decker Inc COM 854502101 8,416 49,596 SH   SOLE   49,596 0 0
Starbucks Corp COM 855244109 8,008 139,432 SH   SOLE   139,432 0 0
State Street Corp COM 857477103 373 3,819 SH   SOLE   3,819 0 0
Sysco Corp COM 871829107 1,037 17,072 SH   SOLE   17,072 0 0
T Rowe Price Group Inc COM 74144t108 309 2,942 SH   SOLE   2,942 0 0
TJX Companies Inc COM 872540109 479 6,268 SH   SOLE   6,268 0 0
Taiwan Semiconductor-Sp ADR COM 874039100 232 5,849 SH   SOLE   5,849 0 0
Target Corp COM 87612e106 704 10,783 SH   SOLE   10,783 0 0
Tesla Inc COM 88160r101 1,083 3,480 SH   SOLE   3,480 0 0
Texas Instruments Inc COM 882508104 677 6,478 SH   SOLE   6,478 0 0
Thermo Fisher Scientific Inc COM 883556102 737 3,883 SH   SOLE   3,883 0 0
Time Warner Inc COM 887317303 2,154 23,551 SH   SOLE   23,551 0 0
Toronto Dominion Bank COM 891160509 4,933 84,211 SH   SOLE   84,211 0 0
Toyota Motor Corp -Spon ADR COM 892331307 1,632 12,835 SH   SOLE   12,835 0 0
Travelers Cos Inc/The COM 89417e109 3,671 27,067 SH   SOLE   27,067 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 5,884 109,811 SH   SOLE   109,811 0 0
UDR Inc COM 902653104 296 7,680 SH   SOLE   7,680 0 0
Unilever N V -NY Shares COM 904784709 4,953 87,941 SH   SOLE   87,941 0 0
Unilever Plc-Sponsored ADR COM 904767704 2,006 36,243 SH   SOLE   36,243 0 0
Union Pacific Corp COM 907818108 1,858 13,855 SH   SOLE   13,855 0 0
United Parcel Service-Cl B COM 911312106 11,085 93,032 SH   SOLE   93,032 0 0
United Technologies Corp COM 913017109 3,272 25,652 SH   SOLE   25,652 0 0
UnitedHealth Group Inc COM 91324P102 2,115 9,596 SH   SOLE   9,596 0 0
VF Corporation COM 918204108 227 3,068 SH   SOLE   3,068 0 0
Valero Energy Corp COM 91913Y100 402 4,372 SH   SOLE   4,372 0 0
VanEck Vectors Pharmaceutical COM 92189f692 367 6,193 SH   SOLE   6,193 0 0
Vanguard Consumer Discretionar COM 92204a108 830 5,321 SH   SOLE   5,321 0 0
Vanguard Consumer Staples Vipe COM 92204a207 456 3,125 SH   SOLE   3,125 0 0
Vanguard Developed Mkts COM 921943858 1,537 34,273 SH   SOLE   34,273 0 0
Vanguard Dividend Appreciation COM 921908844 854 8,367 SH   SOLE   8,367 0 0
Vanguard Emerging Mkts COM 922042858 1,059 23,069 SH   SOLE   23,069 0 0
Vanguard European Vipers COM 922042874 879 14,855 SH   SOLE   14,855 0 0
Vanguard Financials Vipers COM 92204a405 335 4,785 SH   SOLE   4,785 0 0
Vanguard Health Care Vipers COM 92204a504 232 1,505 SH   SOLE   1,505 0 0
Vanguard High Div Yield COM 921946406 3,705 43,272 SH   SOLE   43,272 0 0
Vanguard Info Tech Vipers COM 92204a702 1,894 11,496 SH   SOLE   11,496 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 257 2,100 SH   SOLE   2,100 0 0
Vanguard Long-Term Bond ETF COM 921937793 383 4,025 SH   SOLE   4,025 0 0
Vanguard Mid-Cap COM 922908629 3,163 20,434 SH   SOLE   20,434 0 0
Vanguard Pacific Vipers-MSCI P COM 922042866 341 4,683 SH   SOLE   4,683 0 0
Vanguard REIT COM 922908553 659 7,947 SH   SOLE   7,947 0 0
Vanguard Small-Cap Vipers COM 922908751 2,394 16,197 SH   SOLE   16,197 0 0
Vanguard Total Stock Market COM 922908769 18,625 135,701 SH   SOLE   135,701 0 0
Vanguard Value Vipers COM 922908744 205 1,928 SH   SOLE   1,928 0 0
Varian Medical Systems Inc COM 92220P105 2,567 23,094 SH   SOLE   23,094 0 0
Verisk Analytics Inc-Class A COM 92345Y106 738 7,690 SH   SOLE   7,690 0 0
Verizon Communications Inc COM 92343v104 31,018 586,020 SH   SOLE   586,020 0 0
Visa Inc-Class A Shares COM 92826c839 3,583 31,428 SH   SOLE   31,428 0 0
Vornado Realty Trust COM 929042109 5,873 75,116 SH   SOLE   75,116 0 0
WEC Energy Group Inc COM 92939u106 5,569 83,833 SH   SOLE   83,833 0 0
Wal-Mart Stores Inc COM 931142103 2,069 20,948 SH   SOLE   20,948 0 0
Walgreens Boots Alliance Inc COM 931427108 11,780 162,213 SH   SOLE   162,213 0 0
Waste Management Inc COM 94106l109 17,451 202,212 SH   SOLE   202,212 0 0
Wells Fargo & Company COM 949746101 37,370 615,957 SH   SOLE   615,957 0 0
Westamerica Bancorportaion COM 957090103 560 9,405 SH   SOLE   9,405 0 0
Western Digital Corp COM 958102105 327 4,115 SH   SOLE   4,115 0 0
Weyerhaeuser Co COM 962166104 534 15,131 SH   SOLE   15,131 0 0
Whirlpool Corp COM 963320106 2,050 12,157 SH   SOLE   12,157 0 0
White Mountains Insurance Grou COM g9618e107 637 748 SH   SOLE   748 0 0
Williams Cos Inc COM 969457100 1,971 64,629 SH   SOLE   64,629 0 0
Williams-Sonoma Inc COM 969904101 5,730 110,830 SH   SOLE   110,830 0 0
WisdomTree MidCap Div Index COM 97717w505 234 6,620 SH   SOLE   6,620 0 0
Workday Inc-Class A COM 98138h101 233 2,289 SH   SOLE   2,289 0 0
Xcel Energy Inc COM 98389b100 263 5,461 SH   SOLE   5,461 0 0
Xylem Inc COM 98419m100 229 3,360 SH   SOLE   3,360 0 0
Yum! Brands Inc COM 988498101 310 3,800 SH   SOLE   3,800 0 0
Zimmer Biomet Holdings Inc COM 98956p102 3,768 31,222 SH   SOLE   31,222 0 0
iShares Core Dividend Growth COM 46434v621 1,556 44,747 SH   SOLE   44,747 0 0
iShares DJ Select Dividend Ind COM 464287168 8,258 83,786 SH   SOLE   83,786 0 0
iShares DJ US Energy Sector COM 464287796 1,045 26,365 SH   SOLE   26,365 0 0
iShares DJ US Financial Sect COM 464287788 1,399 11,714 SH   SOLE   11,714 0 0
iShares DJ US Health Car Pro COM 464288828 323 2,057 SH   SOLE   2,057 0 0
iShares DJ US Medical Device COM 464288810 330 1,903 SH   SOLE   1,903 0 0
iShares DJ US Telecommunicatio COM 464287713 1,428 48,542 SH   SOLE   48,542 0 0
iShares DJ US Transport Index COM 464287192 2,004 10,455 SH   SOLE   10,455 0 0
iShares FTSE/Xinhua China 25 COM 464287184 263 5,696 SH   SOLE   5,696 0 0
iShares Goldman Sachs Tech I COM 464287721 504 3,094 SH   SOLE   3,094 0 0
iShares MSCI EAFE Index COM 464287465 1,091 15,519 SH   SOLE   15,519 0 0
iShares MSCI Emerging Markets COM 464287234 349 7,405 SH   SOLE   7,405 0 0
iShares MSCI USA Quality Facto COM 46432f339 1,121 13,526 SH   SOLE   13,526 0 0
iShares Nasdaq Biotech Index F COM 464287556 6,310 59,098 SH   SOLE   59,098 0 0
iShares Russell 1000 Growth COM 464287614 1,202 8,924 SH   SOLE   8,924 0 0
iShares Russell 1000 Value COM 464287598 670 5,387 SH   SOLE   5,387 0 0
iShares Russell 2000 Index Fun COM 464287655 539 3,536 SH   SOLE   3,536 0 0
iShares Russell Midcap Value COM 464287473 212 2,380 SH   SOLE   2,380 0 0
iShares S&P 100 Index Fund COM 464287101 2,065 17,404 SH   SOLE   17,404 0 0
iShares S&P 500 Index Fund COM 464287200 6,428 23,908 SH   SOLE   23,908 0 0
iShares S&P 500 Value Index Fu COM 464287408 228 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 594 12,565 SH   SOLE   12,565 0 0
iShares S&P Global 100 COM 464287572 768 8,291 SH   SOLE   8,291 0 0
iShares S&P Midcap 400 COM 464287507 1,800 9,486 SH   SOLE   9,486 0 0
iShares S&P Midcap 400/Value COM 464287705 551 3,441 SH   SOLE   3,441 0 0
iShares S&P SmallCap 600 COM 464287804 546 7,110 SH   SOLE   7,110 0 0
iShares S&P US Preferred Stock COM 464288687 7,247 190,360 SH   SOLE   190,360 0 0
AEGON 8.00. 2042 Notes Call 08 PFD 007924608 2,331 87,881 SH   SOLE   87,881 0 0
AGNC Investment Corp 7.75. Per PFD 00123q302 947 36,653 SH   SOLE   36,653 0 0
AON Cap 8.205. 1/27 Non-Call B PFD 22532r101 2,008 61,344 SH   SOLE   61,344 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 253 9,740 SH   SOLE   9,740 0 0
Allied Capital ARCC6.875. 4/20 PFD 01903q207 250 9,798 SH   SOLE   9,798 0 0
American Homes 4Rent 6.50. Per PFD 02665t702 370 13,507 SH   SOLE   13,507 0 0
Amtrust Financial 7.25. SrNt C PFD 032359861 263 10,500 SH   SOLE   10,500 0 0
Amtrust Financial 7.5. QDI Cal PFD 032359887 1,500 67,585 SH   SOLE   67,585 0 0
Amtrust Financial 7.50.Nts 205 PFD 032359853 595 22,985 SH   SOLE   22,985 0 0
Amtrust Financial 7.625.CUM QD PFD 032359705 2,214 98,440 SH   SOLE   98,440 0 0
Amtrust Financial 7.75. QDI Ca PFD 032359846 1,674 73,017 SH   SOLE   73,017 0 0
Annaly Capital 7.625. CUM Call PFD 035710706 328 12,867 SH   SOLE   12,867 0 0
Annaly Capital 7.625. CUM Call PFD 035710888 1,322 52,343 SH   SOLE   52,343 0 0
Apollo Cmmrl Real Est 8.00. CU PFD 03762u501 512 19,855 SH   SOLE   19,855 0 0
Arbor Realty 8.50. CUM Perp Ca PFD 038923801 289 11,023 SH   SOLE   11,023 0 0
Argo Group 6.5. Sr Notes Call PFD 040130205 1,834 72,564 SH   SOLE   72,564 0 0
Arlington Asset Inv 7.00. CUm PFD 041356601 433 17,380 SH   SOLE   17,380 0 0
Ashford Hospitality 7.375. NR PFD 044103604 1,559 61,379 SH   SOLE   61,379 0 0
Ashford Hospitality 7.5. Calla PFD 044103885 422 16,800 SH   SOLE   16,800 0 0
Ashford Hospitality 7.50.Cum P PFD 044103802 467 18,375 SH   SOLE   18,375 0 0
Atlas Finl SrNt 6.625. Cl 4/20 PFD g06207123 292 11,200 SH   SOLE   11,200 0 0
B Riley Financial 7.50.SnNts D PFD 05580m306 2,653 102,550 SH   SOLE   102,550 0 0
B Riley Financial 7.50.SnNts d PFD 05580m207 449 17,270 SH   SOLE   17,270 0 0
BGC Partners 8.125. 2042 Call PFD 05541t408 3,958 152,819 SH   SOLE   152,819 0 0
BancOfCalifornia 7.00. Cal2021 PFD 05990k874 1,901 71,939 SH   SOLE   71,939 0 0
BancOfCalifornia 7.375. Ca2020 PFD 05990k882 7,041 265,196 SH   SOLE   265,196 0 0
BancOfCalifornia 8.00. Cal2018 PFD 05990k403 2,749 104,803 SH   SOLE   104,803 0 0
Bank of America 6.5. Prp Cl 1/ PFD 060505310 468 17,331 SH   SOLE   17,331 0 0
Bank of America 6.625. Prp/Cl9 PFD 060505344 2,777 102,300 SH   SOLE   102,300 0 0
Bank of America 6.625.Prp Cl10 PFD 060505740 615 23,234 SH   SOLE   23,234 0 0
BankofAmerica $1000pv 7.25.Cnv PFD 060505682 5,534 4,195 SH   SOLE   4,195 0 0
Barclays 8.125. Perp/Cl 3/14 B PFD 06739h362 392 14,700 SH   SOLE   14,700 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,458 57,305 SH   SOLE   57,305 0 0
BlueRock Residential Growth 8. PFD 09627j508 2,554 96,820 SH   SOLE   96,820 0 0
Boston Private Finl 6.95.Perp PFD 101119303 765 29,838 SH   SOLE   29,838 0 0
CHS Chemical 7.50. Cl 1/2025 C PFD 12542r803 7,404 263,017 SH   SOLE   263,017 0 0
CHS Chemicals 6.75. Perp cl 20 PFD 12542r704 348 13,134 SH   SOLE   13,134 0 0
CHS Chemicals 7.875. Perp cl 2 PFD 12542r308 409 14,197 SH   SOLE   14,197 0 0
CHS Inc. Call @ 25 3/31/24 PFD 12542r506 274 10,000 SH   SOLE   10,000 0 0
Capital One Finl 6.7.Prp Call PFD 14040h709 1,532 57,119 SH   SOLE   57,119 0 0
Cedar Realty Tst 7.25. Prp/Cl PFD 150602506 274 10,950 SH   SOLE   10,950 0 0
CenturyLink Quest 7.0.SnNts Cl PFD 74913g501 2,601 109,507 SH   SOLE   109,507 0 0
Chimera Investment Corp 8. Cal PFD 16934q406 537 20,831 SH   SOLE   20,831 0 0
Citigroup 5.8. B1 Call 4/18 QD PFD 172967366 203 7,967 SH   SOLE   7,967 0 0
Citigroup 7.125. Flt Aftr 9/23 PFD 172967358 7,613 263,890 SH   SOLE   263,890 0 0
Citigroup Tst 7.875. Cl2015 Li PFD 173080201 953 34,695 SH   SOLE   34,695 0 0
City Office REIT 6.625. CUM Ca PFD 178587200 668 26,522 SH   SOLE   26,522 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w880 5,058 202,257 SH   SOLE   202,257 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w872 467 18,533 SH   SOLE   18,533 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w864 1,551 61,950 SH   SOLE   61,950 0 0
Colony NorthStar 7.50. CUM Cal PFD 19625w807 2,715 107,956 SH   SOLE   107,956 0 0
Colony NorthStar 8.50. CUM Cal PFD 19625w500 823 32,193 SH   SOLE   32,193 0 0
Colony NorthStar 8.75. CUM Cal PFD 19625w609 462 17,386 SH   SOLE   17,386 0 0
CoreEnergy 7.375. Pfd - Par Ca PFD 21870u304 1,905 73,995 SH   SOLE   73,995 0 0
Cowen 7.35. Sn Notes 2027 Call PFD 223622705 1,448 56,350 SH   SOLE   56,350 0 0
Cowen 8.25. Senior Notes Calld PFD 223622309 1,445 53,827 SH   SOLE   53,827 0 0
Crown Castle Intl 6.875. MndCo PFD 22822v309 368 325 SH   SOLE   325 0 0
Customers Bk 7.00. Fx Flt Prp/ PFD 23204g407 256 9,640 SH   SOLE   9,640 0 0
Deutsche Bank 8.05. PrpCl6/18 PFD 25150l108 210 8,018 SH   SOLE   8,018 0 0
Deutsche Bnk 7.6. B. QDI Calle PFD 25154a108 394 15,339 SH   SOLE   15,339 0 0
Digital Realty 7.375. Perp CUM PFD 253868871 2,091 78,400 SH   SOLE   78,400 0 0
Dynagas LNG 9.0. QDI CUM cl 2 PFD Y2188b116 1,251 48,097 SH   SOLE   48,097 0 0
EBAY 6.00. Sr Notes Call 3/1/2 PFD 278642202 516 19,160 SH   SOLE   19,160 0 0
EaglePoint Credit 7.75.2022 CU PFD 269809109 632 24,473 SH   SOLE   24,473 0 0
First Republic 7.0. Cl 12/18 B PFD 33616c860 4,567 174,770 SH   SOLE   174,770 0 0
GGP Inc 6.375. Call 2/2018 CUM PFD 370023202 374 14,800 SH   SOLE   14,800 0 0
GasLog LP 8.625.fxd/flt Cum Q PFD y2687w116 778 29,800 SH   SOLE   29,800 0 0
GasLog Ltd 8.75. Ser A CUM QDI PFD g37585117 1,536 57,761 SH   SOLE   57,761 0 0
Gladstone Commercial 7.00. CUM PFD 376536603 5,661 218,576 SH   SOLE   218,576 0 0
Gladstone Investment 6.25. CUM PFD 376546503 655 25,583 SH   SOLE   25,583 0 0
Glandstone Invstmt 6.50.SrNts2 PFD 376546404 204 8,032 SH   SOLE   8,032 0 0
Global Indemnity SrNts7.75. Ca PFD g3933f121 2,003 77,474 SH   SOLE   77,474 0 0
Global Indmnty 7.875. Cl2022 b PFD g3933f139 985 38,063 SH   SOLE   38,063 0 0
Global Medical RE 7.50. CUM Pe PFD 37957w203 417 16,479 SH   SOLE   16,479 0 0
Global Net Lease 7.25.Perp Cum PFD 379378300 1,635 63,686 SH   SOLE   63,686 0 0
Golar LNG 8.75. Perp QDI Call PFD y2745c110 1,206 46,350 SH   SOLE   46,350 0 0
Goldman 5.5. Flt Aftr 5/23 Cl PFD 38145g308 1,859 70,137 SH   SOLE   70,137 0 0
HSBC Hldgs 8.0. Prp Cl 12/15 B PFD 404280802 2,383 88,804 SH   SOLE   88,804 0 0
Hanover Insurance6.35. Cl3/18 PFD 410867204 1,138 44,921 SH   SOLE   44,921 0 0
Hartford Finl 7.875. 2042 call PFD 416518504 1,183 40,440 SH   SOLE   40,440 0 0
Hersha Hospitality 6.50. NR Ca PFD 427825609 435 17,636 SH   SOLE   17,636 0 0
Hoegh LNG Partners 8.75. QDI PFD y3262r118 936 34,765 SH   SOLE   34,765 0 0
Horizon Technology Fin 6.25.Sr PFD 44045a300 250 9,850 SH   SOLE   9,850 0 0
IberiaBank Corp 6.60. Call 5/1 PFD 450828504 842 30,404 SH   SOLE   30,404 0 0
Invesco Mortgage 7.75.Perp CUM PFD 46131b209 214 8,574 SH   SOLE   8,574 0 0
JMP Group 8.00. SrDeb Due1/202 PFD 46629u206 411 16,264 SH   SOLE   16,264 0 0
JMP Group SrNts7.25. BBB- 11/2 PFD 466273109 1,204 47,600 SH   SOLE   47,600 0 0
JPMorgan Chase 6.70.Perp/Call PFD 48127a161 1,669 61,709 SH   SOLE   61,709 0 0
Just Energy 8.50.Perp Call3/20 PFD 48213w200 1,443 58,032 SH   SOLE   58,032 0 0
LaSalle Hotel 6.3. Call 5/2021 PFD 517942884 274 10,628 SH   SOLE   10,628 0 0
LaSalle Hotel 6.375. Call 3/20 PFD 517942801 211 8,392 SH   SOLE   8,392 0 0
M&T Bank 6.375. Cl 11/18 BBB- PFD 55261f708 486 474 SH   SOLE   474 0 0
MFA Financial 7.5. Prp Cl 4/15 PFD 55272x409 213 8,436 SH   SOLE   8,436 0 0
MVC Capital 6.25. SrNts Due12/ PFD 553829409 517 20,000 SH   SOLE   20,000 0 0
Maiden Holdings 7.125.PrpCl 12 PFD g5753u138 665 27,225 SH   SOLE   27,225 0 0
Maiden Holdings 8.25.Prp Cl8/2 PFD g5753u120 1,639 66,342 SH   SOLE   66,342 0 0
Medley Capital7.25.SrNts Due24 PFD 58503y204 451 17,900 SH   SOLE   17,900 0 0
Medley Capitl 6.875.Notes Due2 PFD 58503y105 336 13,550 SH   SOLE   13,550 0 0
MetLife 3MoLibor.100 Min 4.0. PFD 59156r504 200 8,066 SH   SOLE   8,066 0 0
Morgan Stanley 7.125.Flt 10/23 PFD 61762v200 4,763 164,482 SH   SOLE   164,482 0 0
National General 7.5. NA Cl Q PFD 636220857 5,360 214,157 SH   SOLE   214,157 0 0
National General 7.50.Call4/20 PFD 636220808 3,265 130,339 SH   SOLE   130,339 0 0
National General 7.625. Call9/ PFD 636220873 1,851 72,842 SH   SOLE   72,842 0 0
National General7.50.Call 7/20 PFD 636220709 2,567 102,272 SH   SOLE   102,272 0 0
New York MtgTrust 7.875.Perp C PFD 649604808 305 12,454 SH   SOLE   12,454 0 0
NewTek Business Svs 7.0.Nts 3/ PFD 652526401 255 10,003 SH   SOLE   10,003 0 0
NewTek Business Svs 7.50. Nts PFD 652526302 525 19,811 SH   SOLE   19,811 0 0
NuStar Logistics 7.625.Nts Cl PFD 67059t204 1,592 63,689 SH   SOLE   63,689 0 0
Oxford Lane Cap6.75. Nts 6/202 PFD 691543508 875 34,733 SH   SOLE   34,733 0 0
Oxford Lane Capital 7.50. 6/20 PFD 691543300 211 8,311 SH   SOLE   8,311 0 0
Partner Re 6.50.Perp Cal 4/202 PFD g68603136 1,243 46,295 SH   SOLE   46,295 0 0
Partner Re 7.25. Call 06/21 BB PFD g68603144 7,120 248,333 SH   SOLE   248,333 0 0
Penn RealEstate 6.875.CUM Perp PFD 709102701 277 11,038 SH   SOLE   11,038 0 0
Penn RealEstate 7.20.CUM Perp PFD 709102602 300 11,566 SH   SOLE   11,566 0 0
Penn RealEstate 7.375.CUM Perp PFD 709102503 555 22,027 SH   SOLE   22,027 0 0
PennyMac Mtg 8.125. 2024 Libor PFD 70931t301 357 14,166 SH   SOLE   14,166 0 0
Plymouth Industrial 7.50. CUM PFD 729640201 267 10,600 SH   SOLE   10,600 0 0
Prospect Captl 6.25. 6/24 SrNt PFD 74348t300 2,162 83,481 SH   SOLE   83,481 0 0
Prudential PLC 6.75. PrpCl 9/0 PFD g7293h114 447 17,077 SH   SOLE   17,077 0 0
Quest USWest 7.0. SrNts 2056 2 PFD 74913g808 3,651 147,743 SH   SOLE   147,743 0 0
Quest USWest SnNotes 7.0. 2052 PFD 74913G402 1,139 47,922 SH   SOLE   47,922 0 0
Quest USWestSnNote7.5. BBB- Cl PFD 74913g303 1,232 48,932 SH   SOLE   48,932 0 0
Quest USWestSnNotes 6.875. CL PFD 74913g105 2,901 123,245 SH   SOLE   123,245 0 0
Qwest Corp 6.5. Sr Note 9/56 C PFD 74913g881 2,025 89,930 SH   SOLE   89,930 0 0
Qwest Corp 6.75. SrNote 6/57 C PFD 74913g873 952 41,600 SH   SOLE   41,600 0 0
Regions Financial 6.375. Cl 12 PFD 7591ep308 404 15,950 SH   SOLE   15,950 0 0
Reinsurance Group of Amer 6.2. PFD 759351703 294 10,700 SH   SOLE   10,700 0 0
SL Green Realty 6.5. Perp CUM PFD 78440x507 1,724 68,722 SH   SOLE   68,722 0 0
SoCalEd 5.375. CUM cl 2025 QDI PFD 78409g206 751 29,111 SH   SOLE   29,111 0 0
Sotherly Hotels 7.875. Cum Per PFD 83600c400 850 33,520 SH   SOLE   33,520 0 0
Sotherly Hotels 8. Cum Perp C PFD 83600c301 2,936 114,500 SH   SOLE   114,500 0 0
Spark Energy 8.75. Call 2022 Q PFD 846511202 545 20,468 SH   SOLE   20,468 0 0
Summit Hotel7.125.Perp CUM Cal PFD 866082407 890 35,027 SH   SOLE   35,027 0 0
Summitt Hotel Prp 6.25.CUM Per PFD 866082605 226 8,800 SH   SOLE   8,800 0 0
Sunstone Hotel 6.95. Prp/Cl 3/ PFD 867892606 366 14,020 SH   SOLE   14,020 0 0
Synovus 7.875. Fx- Flt 8/18 Cl PFD 87161c402 320 12,263 SH   SOLE   12,263 0 0
Telephone & Data 6.875. Cl 11/ PFD 879433845 2,005 79,225 SH   SOLE   79,225 0 0
Telephone & Data 7.0. Cl 3/16 PFD 879433837 721 28,502 SH   SOLE   28,502 0 0
Texas Capitl Bancshares6.50. 2 PFD 882228307 439 17,367 SH   SOLE   17,367 0 0
Torchmark Crp 6.125. SubDebCal PFD 891027401 831 31,050 SH   SOLE   31,050 0 0
Triancgle Capitl 6.375.Sr Note PFD 895848406 895 35,500 SH   SOLE   35,500 0 0
Two Harbors Investments 7.625. PFD 90187b309 244 9,307 SH   SOLE   9,307 0 0
Two Harbors Investments 8.125. PFD 90187b200 680 24,958 SH   SOLE   24,958 0 0
UMH Properties 8.0. Perp Cum C PFD 903002301 596 21,823 SH   SOLE   21,823 0 0
US Bancorp 6.5. Flt Aftr 1/22 PFD 902973833 1,058 37,505 SH   SOLE   37,505 0 0
US Celllular SrNts 7.25. 2063 PFD 911684504 491 19,100 SH   SOLE   19,100 0 0
US Cellular 6.95.SrNT 2060 Cl PFD 911684405 405 16,035 SH   SOLE   16,035 0 0
US Cellular 7.25. SrNts12/2064 PFD 911684603 1,721 66,402 SH   SOLE   66,402 0 0
VEREIT Inc 6.70. Perp CUM Cl 2 PFD 92339v209 923 36,096 SH   SOLE   36,096 0 0
Wells Fargo 5.85.Flt Aftr 9/23 PFD 949746556 300 11,122 SH   SOLE   11,122 0 0
Wells Fargo 6.375. Cl 12/19 BB PFD 94988n207 776 29,277 SH   SOLE   29,277 0 0
Wells Fargo 7.5. Cnv@$156 $100 PFD 949746804 17,543 13,392 SH   SOLE   13,392 0 0
Wells Fargo 8.00. Prp Cl12/17 PFD 949746879 5,301 206,681 SH   SOLE   206,681 0 0
WinTrust Financial 6.50. Call PFD 97650w405 244 8,720 SH   SOLE   8,720 0 0
Bank of America 5.20. Perp/Cal PFD 060505ED2 1,345 1,315,000 PRN   SOLE   1,315,000 0 0
Charles Schwab 4.625. Perp/Cal PFD 808513AP0 551 540,000 PRN   SOLE   540,000 0 0
Charles Schwab 7. Perp/Call 2/ PFD 808513AE5 1,579 1,397,000 PRN   SOLE   1,397,000 0 0
Citigroup 5.35. Perp/Call 5/23 PFD 172967GR6 754 740,000 PRN   SOLE   740,000 0 0
Citigroup 5.875. Perp/Call 3/2 PFD 172967JK8 362 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc 5.95. Perp Call PFD 172967GD7 1,222 1,150,000 PRN   SOLE   1,150,000 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 639 600,000 PRN   SOLE   600,000 0 0
Fifth Third Bancorp 4.9. until PFD 316773CR9 288 285,000 PRN   SOLE   285,000 0 0
GE Cap Corp 5.00. Perp/Call 1/ PFD 369604BQ5 2,094 2,028,000 PRN   SOLE   2,028,000 0 0
Goldman Sachs 5.375 Perp/Call PFD 38148BAB4 478 465,000 PRN   SOLE   465,000 0 0
Goldman Sachs 5.7 Perp/Call 5/ PFD 38148BAA6 1,094 1,065,000 PRN   SOLE   1,065,000 0 0
JPMorgan 6.0. Perp/Call 8/23 - PFD 48126HAA8 3,279 3,050,000 PRN   SOLE   3,050,000 0 0
JPMorgan 7.9. Perp/Call 4/18 - PFD 46625HHA1 2,975 2,935,000 PRN   SOLE   2,935,000 0 0
So. Cal Edison 6.25. Perp/Call PFD 842400FU2 854 780,000 PRN   SOLE   780,000 0 0
Stanley Black & Decker Callabl PFD 854502AF8 1,199 1,170,000 PRN   SOLE   1,170,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 2,727 2,710,000 PRN   SOLE   2,710,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 545 540,000 PRN   SOLE   540,000 0 0