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 299 100 SH   SOLE   100 0 0
3M Company COM 88579y101 24,749 112,739 SH   SOLE   112,739 0 0
ABB Ltd-Spon ADR COM 000375204 667 28,101 SH   SOLE   28,101 0 0
ASML Hldgs NV-NY Reg Shs COM n07059210 244 1,227 SH   SOLE   1,227 0 0
AT&T Inc COM 00206r102 6,001 168,343 SH   SOLE   168,343 0 0
AbbVie Inc COM 00287y109 14,082 148,775 SH   SOLE   148,775 0 0
Abbott Laboratories COM 002824100 12,211 203,780 SH   SOLE   203,780 0 0
Accenture PLC-Cl A COM g1151c101 5,415 35,276 SH   SOLE   35,276 0 0
Adobe Systems Inc COM 00724f101 1,609 7,448 SH   SOLE   7,448 0 0
Aetna Inc COM 00817Y108 1,797 10,632 SH   SOLE   10,632 0 0
Aflac Inc COM 001055102 1,317 30,102 SH   SOLE   30,102 0 0
Agilent Technologies Inc COM 00846u101 1,212 18,117 SH   SOLE   18,117 0 0
Air Products & Chemicals Inc COM 009158106 8,517 53,554 SH   SOLE   53,554 0 0
Alibaba Group Holding-SP ADR COM 01609w102 395 2,151 SH   SOLE   2,151 0 0
Allergan plc (new) COM g0177j108 7,537 44,783 SH   SOLE   44,783 0 0
Allstate Corp COM 020002101 513 5,409 SH   SOLE   5,409 0 0
Alphabet Inc-Cl A COM 02079k305 10,655 10,273 SH   SOLE   10,273 0 0
Alphabet Inc-Cl C COM 02079k107 5,941 5,758 SH   SOLE   5,758 0 0
Altaba Inc COM 021346101 1,379 18,623 SH   SOLE   18,623 0 0
Altria Group Inc COM 02209s103 9,160 146,983 SH   SOLE   146,983 0 0
Amarillo Gold Corp COM 02301t108 3 13,000 SH   SOLE   13,000 0 0
Amazon.com Inc COM 023135106 13,783 9,523 SH   SOLE   9,523 0 0
American Electric Power COM 025537101 409 5,960 SH   SOLE   5,960 0 0
American Express Co COM 025816109 1,528 16,377 SH   SOLE   16,377 0 0
Amgen Inc COM 031162100 2,373 13,922 SH   SOLE   13,922 0 0
Anthem Inc COM 036752103 2,913 13,261 SH   SOLE   13,261 0 0
Apple Inc COM 037833100 42,051 250,634 SH   SOLE   250,634 0 0
Applied Materials Inc COM 038222105 302 5,431 SH   SOLE   5,431 0 0
Archer-Daniels-Midland Co COM 039483102 514 11,847 SH   SOLE   11,847 0 0
Arista Networks, Inc. COM 040413106 208 816 SH   SOLE   816 0 0
Automatic Data Processing COM 053015103 20,690 182,320 SH   SOLE   182,320 0 0
BB&T Corporation COM 054937107 207 3,983 SH   SOLE   3,983 0 0
BCE Inc COM 05534b760 1,423 33,064 SH   SOLE   33,064 0 0
Bank Of Marin Bancorp/CA COM 063425102 820 11,886 SH   SOLE   11,886 0 0
Bank Of New York Mellon Corp COM 064058100 243 4,716 SH   SOLE   4,716 0 0
Bank of America Corp COM 060505104 9,136 304,631 SH   SOLE   304,631 0 0
Baxter International Inc. COM 071813109 357 5,495 SH   SOLE   5,495 0 0
Becton Dickinson & Co COM 075887109 3,345 15,437 SH   SOLE   15,437 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 4,227 21,191 SH   SOLE   21,191 0 0
Biogen Inc COM 09062x103 1,083 3,954 SH   SOLE   3,954 0 0
Blackrock Inc COM 09247x101 526 972 SH   SOLE   972 0 0
Blackstone Group/The COM 09253u108 519 16,245 SH   SOLE   16,245 0 0
Boeing Co COM 097023105 4,290 13,085 SH   SOLE   13,085 0 0
Bristol-Myers Squibb Co COM 110122108 17,484 276,424 SH   SOLE   276,424 0 0
Broadcom Inc COM 11135f101 523 2,219 SH   SOLE   2,219 0 0
Brown-Forman Corp -Cl B COM 115637209 523 9,620 SH   SOLE   9,620 0 0
CBS Corp Class B COM 124857202 346 6,740 SH   SOLE   6,740 0 0
CSX Corp COM 126408103 241 4,330 SH   SOLE   4,330 0 0
CVS Health Corp COM 126650100 1,886 30,314 SH   SOLE   30,314 0 0
Canadian Natl Railway Co COM 136375102 230 3,140 SH   SOLE   3,140 0 0
CarMax Inc COM 143130102 217 3,500 SH   SOLE   3,500 0 0
Caterpillar Inc COM 149123101 4,507 30,584 SH   SOLE   30,584 0 0
Celgene Corp COM 151020104 295 3,303 SH   SOLE   3,303 0 0
CenterPoint Energy Inc COM 15189t107 1,781 65,002 SH   SOLE   65,002 0 0
Cerner Corp COM 156782104 3,185 54,906 SH   SOLE   54,906 0 0
Check Point Software Tech COM m22465104 1,282 12,902 SH   SOLE   12,902 0 0
Chevron Corp COM 166764100 28,307 248,222 SH   SOLE   248,222 0 0
Chubb Ltd (new) COM h1467j104 2,426 17,740 SH   SOLE   17,740 0 0
Cigna Corp COM 125509109 467 2,784 SH   SOLE   2,784 0 0
Cincinnati Financial Corp COM 172062101 708 9,531 SH   SOLE   9,531 0 0
Cintas Corp COM 172908105 759 4,448 SH   SOLE   4,448 0 0
Cisco Systems Inc COM 17275R102 6,744 157,238 SH   SOLE   157,238 0 0
Citigroup Inc COM 172967424 405 6,003 SH   SOLE   6,003 0 0
Clorox Company COM 189054109 14,591 109,618 SH   SOLE   109,618 0 0
Coca-Cola Co/The COM 191216100 4,712 108,496 SH   SOLE   108,496 0 0
Colgate-Palmolive Co COM 194162103 9,010 125,702 SH   SOLE   125,702 0 0
Comcast Corp-Cl A COM 20030n101 1,153 33,738 SH   SOLE   33,738 0 0
Conagra Brands Inc COM 205887102 869 23,557 SH   SOLE   23,557 0 0
ConocoPhillips COM 20825C104 4,099 69,131 SH   SOLE   69,131 0 0
Consolidated Edison Inc COM 209115104 941 12,071 SH   SOLE   12,071 0 0
Costco Wholesale Corp COM 22160K105 22,846 121,245 SH   SOLE   121,245 0 0
Crown Castle Intl Corp COM 22822v101 18,330 167,233 SH   SOLE   167,233 0 0
Danaher Corp COM 235851102 5,702 58,237 SH   SOLE   58,237 0 0
Deere & Co COM 244199105 2,016 12,979 SH   SOLE   12,979 0 0
Delta Air Lines Inc COM 247361702 533 9,721 SH   SOLE   9,721 0 0
Diageo Plc-Sponsored ADR COM 25243q205 513 3,786 SH   SOLE   3,786 0 0
Dick's Sporting Goods Inc COM 253393102 319 9,088 SH   SOLE   9,088 0 0
Disney Co./Walt The COM 254687106 15,487 154,195 SH   SOLE   154,195 0 0
Dominion Resources Inc/Va COM 25746u109 671 9,945 SH   SOLE   9,945 0 0
Dover Corp COM 260003108 918 9,351 SH   SOLE   9,351 0 0
DowDuPont Inc COM 26078j100 10,271 161,210 SH   SOLE   161,210 0 0
Dr Pepper Snapple Group Inc COM 26138e109 704 5,946 SH   SOLE   5,946 0 0
Duke Energy Corp COM 26441c204 552 7,126 SH   SOLE   7,126 0 0
Eaton Corp PLC COM g29183103 1,068 13,371 SH   SOLE   13,371 0 0
Ecolab Inc COM 278865100 14,129 103,079 SH   SOLE   103,079 0 0
Edison International COM 281020107 8,099 127,218 SH   SOLE   127,218 0 0
Electronic Arts Inc COM 285512109 735 6,061 SH   SOLE   6,061 0 0
Eli Lilly & Co COM 532457108 3,456 44,674 SH   SOLE   44,674 0 0
Emerson Electric Co COM 291011104 1,766 25,861 SH   SOLE   25,861 0 0
Enbridge Inc COM 29250n105 2,316 73,604 SH   SOLE   73,604 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 752 30,728 SH   SOLE   30,728 0 0
Essex Property Trust Inc COM 297178105 1,130 4,695 SH   SOLE   4,695 0 0
Eurasian Minerals Inc COM 29843r100 48 54,086 SH   SOLE   54,086 0 0
Eversource Energy COM 30040w108 359 6,094 SH   SOLE   6,094 0 0
Express Scripts Holding Co. COM 30219g108 285 4,127 SH   SOLE   4,127 0 0
Exxon Mobil Corp COM 30231G102 7,744 103,790 SH   SOLE   103,790 0 0
Facebook Inc COM 30303m102 47,410 296,701 SH   SOLE   296,701 0 0
Fanhua Inc-Sponsored ADR COM 30712a103 362 13,404 SH   SOLE   13,404 0 0
FedEx Corp COM 31428x106 877 3,654 SH   SOLE   3,654 0 0
Finisar Corporation COM 31787a507 158 10,000 SH   SOLE   10,000 0 0
First Republic Bank/San Franci COM 33616C100 8,986 97,027 SH   SOLE   97,027 0 0
First Trust Mid Cap Growth Alp COM 33737m102 2,635 64,681 SH   SOLE   64,681 0 0
First Trust Mid Cap Value ETF COM 33737m201 305 8,783 SH   SOLE   8,783 0 0
First Trust Morningstar Divide COM 336917109 681 24,141 SH   SOLE   24,141 0 0
Ford Motor Co COM 345370860 117 10,555 SH   SOLE   10,555 0 0
Fortinet Inc COM 34959e109 549 10,240 SH   SOLE   10,240 0 0
Fortive Corp COM 34959j108 238 3,071 SH   SOLE   3,071 0 0
General Dynamics Corp COM 369550108 3,877 17,551 SH   SOLE   17,551 0 0
General Electric Co COM 369604103 2,570 190,671 SH   SOLE   190,671 0 0
General Mills Inc COM 370334104 4,195 93,094 SH   SOLE   93,094 0 0
General Motors Co COM 37045v100 230 6,326 SH   SOLE   6,326 0 0
Genuine Parts Co COM 372460105 7,015 78,084 SH   SOLE   78,084 0 0
Gilead Sciences Inc COM 375558103 647 8,586 SH   SOLE   8,586 0 0
GlaxoSmithKline Plc-ADR COM 37733w105 211 5,404 SH   SOLE   5,404 0 0
Goldman ActiveBeta Europe Equi COM 381430305 235 7,456 SH   SOLE   7,456 0 0
Goldman Sach Active Beta US La COM 381430503 673 12,596 SH   SOLE   12,596 0 0
Goldman Sachs Group Inc COM 38141G104 745 2,960 SH   SOLE   2,960 0 0
Great Plains Energy Inc COM 391164100 969 30,480 SH   SOLE   30,480 0 0
HCP Inc REIT COM 40414l109 1,517 65,288 SH   SOLE   65,288 0 0
Hewlett Packard Enterprise COM 42824c109 198 11,261 SH   SOLE   11,261 0 0
Home Depot Inc COM 437076102 21,251 119,225 SH   SOLE   119,225 0 0
Honeywell International Inc COM 438516106 5,821 40,282 SH   SOLE   40,282 0 0
Hormel Foods Corp COM 440452100 535 15,575 SH   SOLE   15,575 0 0
Illinois Tool Works COM 452308109 1,612 10,291 SH   SOLE   10,291 0 0
Ingersoll-Rand PLC COM g47791101 1,852 21,663 SH   SOLE   21,663 0 0
Intel Corp COM 458140100 19,984 383,721 SH   SOLE   383,721 0 0
International Paper Co COM 460146103 389 7,278 SH   SOLE   7,278 0 0
Intl Business Machines Corp COM 459200101 3,050 19,878 SH   SOLE   19,878 0 0
Intl Flavors & Fragrances COM 459506101 856 6,250 SH   SOLE   6,250 0 0
Intuitive Surgical Inc COM 46120e602 299 725 SH   SOLE   725 0 0
Iron Mountain Inc COM 46284v101 286 8,700 SH   SOLE   8,700 0 0
Ivanhoe Mines Ltd COM 46579r104 510 241,500 SH   SOLE   241,500 0 0
JPMorgan Chase & Co COM 46625H100 14,554 132,341 SH   SOLE   132,341 0 0
JPMorgan US Large Cap Diversif COM 46641q407 1,463 20,991 SH   SOLE   20,991 0 0
Jacobs Engineering Group Inc COM 469814107 337 5,703 SH   SOLE   5,703 0 0
Johnson & Johnson COM 478160104 33,874 264,330 SH   SOLE   264,330 0 0
Johnson Controls Intl PLC COM g51502105 245 6,946 SH   SOLE   6,946 0 0
Keysight Technologies Inc COM 49338l103 455 8,693 SH   SOLE   8,693 0 0
Kimberly-Clark Corp COM 494368103 11,768 106,860 SH   SOLE   106,860 0 0
Kinder Morgan Inc COM 49456b101 1,037 68,869 SH   SOLE   68,869 0 0
Kraft Heinz Co/The COM 500754106 1,703 27,337 SH   SOLE   27,337 0 0
L3 Technologies Inc COM 502413107 2,796 13,442 SH   SOLE   13,442 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 2,281 14,105 SH   SOLE   14,105 0 0
Lam Research Corp COM 512807108 520 2,557 SH   SOLE   2,557 0 0
Lamb Weston Holdings Inc COM 513272104 390 6,691 SH   SOLE   6,691 0 0
Leggett & Platt Inc COM 524660107 232 5,226 SH   SOLE   5,226 0 0
Lennar Corp-Cl A COM 526057104 1,047 17,758 SH   SOLE   17,758 0 0
Lockheed Martin Corp COM 539830109 6,327 18,722 SH   SOLE   18,722 0 0
Lowe's Cos Inc COM 548661107 4,507 51,362 SH   SOLE   51,362 0 0
Lululemon Athletica Inc COM 550021109 762 8,550 SH   SOLE   8,550 0 0
Marathon Petroleum Corp COM 56585a102 413 5,654 SH   SOLE   5,654 0 0
Marriott International-Cl A COM 571903202 4,460 32,800 SH   SOLE   32,800 0 0
Masimo Corporation COM 574795100 212 2,415 SH   SOLE   2,415 0 0
MasterCard Inc-Class A COM 57636q104 254 1,450 SH   SOLE   1,450 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,448 23,014 SH   SOLE   23,014 0 0
McDonald's Corp COM 580135101 14,949 95,595 SH   SOLE   95,595 0 0
McKesson Corp COM 58155q103 971 6,892 SH   SOLE   6,892 0 0
Medical Properties Trust Inc COM 58463j304 201 15,429 SH   SOLE   15,429 0 0
Medtronic PLC COM g5960l103 7,070 88,135 SH   SOLE   88,135 0 0
Merck & Co. Inc. COM 58933y105 2,579 47,348 SH   SOLE   47,348 0 0
MetLife Inc COM 59156r108 208 4,530 SH   SOLE   4,530 0 0
Microsoft Corp COM 594918104 31,215 342,009 SH   SOLE   342,009 0 0
Mondelez International COM 609207105 1,516 36,335 SH   SOLE   36,335 0 0
Morgan Stanley COM 617446448 3,275 60,690 SH   SOLE   60,690 0 0
NVIDIA Corp COM 67066g104 1,723 7,440 SH   SOLE   7,440 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 3,297 41,703 SH   SOLE   41,703 0 0
NextEra Energy Inc COM 65339f101 18,174 111,269 SH   SOLE   111,269 0 0
Nike Inc -Cl B COM 654106103 11,767 177,108 SH   SOLE   177,108 0 0
Norfolk Southern Corp COM 655844108 326 2,400 SH   SOLE   2,400 0 0
Northrop Grumman Corp COM 666807102 235 672 SH   SOLE   672 0 0
Novartis Ag-ADR COM 66987v109 2,321 28,702 SH   SOLE   28,702 0 0
Nucor Corp COM 670346105 407 6,661 SH   SOLE   6,661 0 0
ONEOK Inc COM 682680103 229 4,018 SH   SOLE   4,018 0 0
Occidental Petroleum Corp COM 674599105 3,223 49,618 SH   SOLE   49,618 0 0
Oracle Corp COM 68389x105 3,411 74,555 SH   SOLE   74,555 0 0
PPG Industries Inc COM 693506107 360 3,229 SH   SOLE   3,229 0 0
Paccar Inc COM 693718108 956 14,444 SH   SOLE   14,444 0 0
Parker-Hannifin Corp COM 701094104 341 1,992 SH   SOLE   1,992 0 0
PayPal Holdings Inc COM 70450y103 206 2,720 SH   SOLE   2,720 0 0
Pentair PLC COM g7s00t104 764 11,212 SH   SOLE   11,212 0 0
PepsiCo Inc COM 713448108 8,342 76,430 SH   SOLE   76,430 0 0
Pfizer Inc COM 717081103 8,461 238,402 SH   SOLE   238,402 0 0
Philip Morris International COM 718172109 2,062 20,740 SH   SOLE   20,740 0 0
Phillips 66 COM 718546104 250 2,609 SH   SOLE   2,609 0 0
Plains GP Holdings LP COM 72651a207 218 10,000 SH   SOLE   10,000 0 0
PowerShares Preferred Portfoli COM 73936t565 13,339 913,642 SH   SOLE   913,642 0 0
PowerShares S&P Equal Weight COM 739371813 742 7,462 SH   SOLE   7,462 0 0
PowerShares S&P Equal Weight F COM 739371797 241 5,497 SH   SOLE   5,497 0 0
PowerShares S&P Top 50 COM 739371698 950 5,088 SH   SOLE   5,088 0 0
Powershares KBW Regional Bank COM 73937b712 1,476 26,025 SH   SOLE   26,025 0 0
Powershares QQQ NASDAQ 100 Tru COM 73935a104 5,235 32,694 SH   SOLE   32,694 0 0
Praxair Inc COM 74005p104 2,840 19,683 SH   SOLE   19,683 0 0
Preferred Apartment Communitie COM 74039l103 5,720 403,120 SH   SOLE   403,120 0 0
ProLogis Inc COM 74340w103 689 10,933 SH   SOLE   10,933 0 0
ProShares Ultra Technology COM 74347r693 296 3,200 SH   SOLE   3,200 0 0
Procter & Gamble Co COM 742718109 20,589 259,698 SH   SOLE   259,698 0 0
Public Service Enterprise Grou COM 744573106 3,387 67,410 SH   SOLE   67,410 0 0
Putnam Premier Income Trust COM 746853100 76 14,479 SH   SOLE   14,479 0 0
Qualcomm Inc COM 747525103 571 10,305 SH   SOLE   10,305 0 0
Quest Diagnostics COM 74834l100 275 2,745 SH   SOLE   2,745 0 0
Raytheon Company COM 755111507 5,542 25,681 SH   SOLE   25,681 0 0
Realty Income Corp COM 756109104 10,531 203,584 SH   SOLE   203,584 0 0
Regeneron Pharmaceuticals Inc COM 75886f107 315 914 SH   SOLE   914 0 0
Roche Holdings LTD-Spons ADR COM 771195104 2,644 92,369 SH   SOLE   92,369 0 0
Rockwell Automation Inc COM 773903109 408 2,343 SH   SOLE   2,343 0 0
Rockwell Collins Inc. COM 774341101 970 7,190 SH   SOLE   7,190 0 0
Roper Technologies Inc COM 776696106 287 1,024 SH   SOLE   1,024 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 715 11,212 SH   SOLE   11,212 0 0
S&P Global Inc COM 78409v104 1,856 9,712 SH   SOLE   9,712 0 0
SAP SE-Sponsored ADR COM 803054204 863 8,207 SH   SOLE   8,207 0 0
SPDR Consumer Discretionary Se COM 81369y407 27,772 274,188 SH   SOLE   274,188 0 0
SPDR Consumer Staples Select S COM 81369y308 7,754 147,340 SH   SOLE   147,340 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,345 5,571 SH   SOLE   5,571 0 0
SPDR Energy Select Sector COM 81369y506 17,794 263,969 SH   SOLE   263,969 0 0
SPDR Financial Select Sector COM 81369y605 20,278 735,503 SH   SOLE   735,503 0 0
SPDR Gold Trust COM 78463v107 1,637 13,013 SH   SOLE   13,013 0 0
SPDR Health Care Select Sector COM 81369y209 19,628 241,127 SH   SOLE   241,127 0 0
SPDR Industrial Select Sector COM 81369y704 17,383 233,985 SH   SOLE   233,985 0 0
SPDR Materials Select Sector COM 81369y100 4,217 74,067 SH   SOLE   74,067 0 0
SPDR NYSE Technology ETF COM 78464a102 642 7,216 SH   SOLE   7,216 0 0
SPDR Real Estate Sector COM 81369y860 230 7,402 SH   SOLE   7,402 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 8,772 33,335 SH   SOLE   33,335 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 444 5,111 SH   SOLE   5,111 0 0
SPDR S&P Biotech ETF COM 78464a870 651 7,415 SH   SOLE   7,415 0 0
SPDR S&P Dividend COM 78464a763 12,331 135,206 SH   SOLE   135,206 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 11,490 33,623 SH   SOLE   33,623 0 0
SPDR S&P Regional Banking COM 78464a698 2,701 44,721 SH   SOLE   44,721 0 0
SPDR Technology Select Sector COM 81369y803 50,970 779,125 SH   SOLE   779,125 0 0
SPDR Utilities Select Sector COM 81369y886 3,929 77,747 SH   SOLE   77,747 0 0
Salesforce.Com Inc COM 79466l302 3,439 29,574 SH   SOLE   29,574 0 0
Schlumberger Ltd COM 806857108 263 4,067 SH   SOLE   4,067 0 0
Schwab (Charles) Corp COM 808513105 980 18,761 SH   SOLE   18,761 0 0
Schwab US Broad Market ETF COM 808524102 2,751 43,120 SH   SOLE   43,120 0 0
Schwab US Dividend Equity ETF COM 808524797 8,246 168,181 SH   SOLE   168,181 0 0
Schwab US Large-Cap ETF COM 808524201 2,020 32,017 SH   SOLE   32,017 0 0
Schwab US Mid-Cap ETF COM 808524508 1,585 29,971 SH   SOLE   29,971 0 0
Sempra Energy COM 816851109 3,583 32,216 SH   SOLE   32,216 0 0
Sherwin Williams Co COM 824348106 979 2,498 SH   SOLE   2,498 0 0
Southern Co COM 842587107 1,118 25,041 SH   SOLE   25,041 0 0
Spectral Medical Inc COM 847577103 6 25,000 SH   SOLE   25,000 0 0
Stanley Black & Decker Inc COM 854502101 7,587 49,522 SH   SOLE   49,522 0 0
Starbucks Corp COM 855244109 8,178 141,263 SH   SOLE   141,263 0 0
State Street Corp COM 857477103 381 3,818 SH   SOLE   3,818 0 0
Stryker Corp COM 863667101 205 1,276 SH   SOLE   1,276 0 0
Sysco Corp COM 871829107 1,074 17,920 SH   SOLE   17,920 0 0
T Rowe Price Group Inc COM 74144t108 367 3,403 SH   SOLE   3,403 0 0
TJX Companies Inc COM 872540109 421 5,157 SH   SOLE   5,157 0 0
Target Corp COM 87612e106 718 10,338 SH   SOLE   10,338 0 0
Tesla Inc COM 88160r101 925 3,475 SH   SOLE   3,475 0 0
Texas Instruments Inc COM 882508104 652 6,279 SH   SOLE   6,279 0 0
Thermo Fisher Scientific Inc COM 883556102 811 3,930 SH   SOLE   3,930 0 0
Time Warner Inc COM 887317303 2,128 22,498 SH   SOLE   22,498 0 0
Toronto Dominion Bank COM 891160509 4,292 75,502 SH   SOLE   75,502 0 0
Total S A -Spon ADR COM 89151e109 217 3,761 SH   SOLE   3,761 0 0
Toyota Motor Corp -Spon ADR COM 892331307 987 7,567 SH   SOLE   7,567 0 0
Travelers Cos Inc/The COM 89417e109 3,762 27,094 SH   SOLE   27,094 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 6,048 119,771 SH   SOLE   119,771 0 0
UDR Inc COM 902653104 274 7,680 SH   SOLE   7,680 0 0
Unilever N V -NY Shares COM 904784709 4,807 85,251 SH   SOLE   85,251 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,966 35,393 SH   SOLE   35,393 0 0
Union Pacific Corp COM 907818108 1,734 12,896 SH   SOLE   12,896 0 0
United Parcel Service-Cl B COM 911312106 9,732 92,987 SH   SOLE   92,987 0 0
United Technologies Corp COM 913017109 3,159 25,106 SH   SOLE   25,106 0 0
UnitedHealth Group Inc COM 91324P102 1,993 9,313 SH   SOLE   9,313 0 0
VF Corporation COM 918204108 256 3,448 SH   SOLE   3,448 0 0
Valero Energy Corp COM 91913Y100 406 4,372 SH   SOLE   4,372 0 0
VanEck Vectors Pharmaceutical COM 92189f692 352 6,193 SH   SOLE   6,193 0 0
Vanguard Consumer Discretionar COM 92204a108 1,227 7,734 SH   SOLE   7,734 0 0
Vanguard Consumer Staples Vipe COM 92204a207 677 4,975 SH   SOLE   4,975 0 0
Vanguard Developed Mkts COM 921943858 1,309 29,575 SH   SOLE   29,575 0 0
Vanguard Dividend Appreciation COM 921908844 845 8,367 SH   SOLE   8,367 0 0
Vanguard Emerging Mkts COM 922042858 1,092 23,243 SH   SOLE   23,243 0 0
Vanguard Energy ETF COM 92204a306 267 2,892 SH   SOLE   2,892 0 0
Vanguard European Vipers COM 922042874 850 14,615 SH   SOLE   14,615 0 0
Vanguard Financials Vipers COM 92204a405 730 10,510 SH   SOLE   10,510 0 0
Vanguard Health Care Vipers COM 92204a504 565 3,680 SH   SOLE   3,680 0 0
Vanguard High Div Yield COM 921946406 3,348 40,584 SH   SOLE   40,584 0 0
Vanguard Industrials COM 92204a603 435 3,125 SH   SOLE   3,125 0 0
Vanguard Info Tech Vipers COM 92204a702 2,742 16,036 SH   SOLE   16,036 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 255 2,100 SH   SOLE   2,100 0 0
Vanguard Materials Vipers COM 92204a801 208 1,610 SH   SOLE   1,610 0 0
Vanguard Mega Cap 300 Growth E COM 921910816 299 2,667 SH   SOLE   2,667 0 0
Vanguard Mid-Cap COM 922908629 2,985 19,354 SH   SOLE   19,354 0 0
Vanguard Pacific Vipers-MSCI P COM 922042866 310 4,248 SH   SOLE   4,248 0 0
Vanguard REIT COM 922908553 444 5,879 SH   SOLE   5,879 0 0
Vanguard Small-Cap Vipers COM 922908751 2,293 15,609 SH   SOLE   15,609 0 0
Vanguard Total Stock Market COM 922908769 18,346 135,174 SH   SOLE   135,174 0 0
Varian Medical Systems Inc COM 92220P105 2,759 22,494 SH   SOLE   22,494 0 0
Verisk Analytics Inc-Class A COM 92345Y106 800 7,690 SH   SOLE   7,690 0 0
Verizon Communications Inc COM 92343v104 27,750 580,295 SH   SOLE   580,295 0 0
Visa Inc-Class A Shares COM 92826c839 3,724 31,134 SH   SOLE   31,134 0 0
Vornado Realty Trust COM 929042109 4,965 73,767 SH   SOLE   73,767 0 0
WEC Energy Group Inc COM 92939u106 4,508 71,895 SH   SOLE   71,895 0 0
Wal-Mart Stores Inc COM 931142103 1,837 20,650 SH   SOLE   20,650 0 0
Walgreens Boots Alliance Inc COM 931427108 10,716 163,674 SH   SOLE   163,674 0 0
Waste Management Inc COM 94106l109 16,771 199,371 SH   SOLE   199,371 0 0
Wells Fargo & Company COM 949746101 28,100 536,155 SH   SOLE   536,155 0 0
Westamerica Bancorportaion COM 957090103 488 8,407 SH   SOLE   8,407 0 0
Western Digital Corp COM 958102105 366 3,970 SH   SOLE   3,970 0 0
Weyerhaeuser Co COM 962166104 457 13,070 SH   SOLE   13,070 0 0
Whirlpool Corp COM 963320106 1,607 10,495 SH   SOLE   10,495 0 0
White Mountains Insurance Grou COM g9618e107 615 748 SH   SOLE   748 0 0
Williams Cos Inc COM 969457100 1,377 55,379 SH   SOLE   55,379 0 0
Williams-Sonoma Inc COM 969904101 5,799 109,905 SH   SOLE   109,905 0 0
WisdomTree MidCap Div Index COM 97717w505 200 5,875 SH   SOLE   5,875 0 0
Workday Inc-Class A COM 98138h101 420 3,304 SH   SOLE   3,304 0 0
Xcel Energy Inc COM 98389b100 248 5,461 SH   SOLE   5,461 0 0
Xylem Inc COM 98419m100 258 3,360 SH   SOLE   3,360 0 0
Yum! Brands Inc COM 988498101 324 3,803 SH   SOLE   3,803 0 0
Zimmer Biomet Holdings Inc COM 98956p102 3,645 33,427 SH   SOLE   33,427 0 0
iShares Core Dividend Growth COM 46434v621 1,378 40,656 SH   SOLE   40,656 0 0
iShares DJ Select Dividend Ind COM 464287168 7,950 83,575 SH   SOLE   83,575 0 0
iShares DJ US Energy Sector COM 464287796 956 25,859 SH   SOLE   25,859 0 0
iShares DJ US Financial Sect COM 464287788 1,382 11,733 SH   SOLE   11,733 0 0
iShares DJ US Health Car Pro COM 464288828 325 2,059 SH   SOLE   2,059 0 0
iShares DJ US Medical Device COM 464288810 308 1,664 SH   SOLE   1,664 0 0
iShares DJ US Telecommunicatio COM 464287713 1,336 49,461 SH   SOLE   49,461 0 0
iShares DJ US Transport Index COM 464287192 1,917 10,251 SH   SOLE   10,251 0 0
iShares FTSE/Xinhua China 25 COM 464287184 269 5,696 SH   SOLE   5,696 0 0
iShares Goldman Sachs Tech I COM 464287721 519 3,084 SH   SOLE   3,084 0 0
iShares MSCI EAFE Index COM 464287465 1,426 20,462 SH   SOLE   20,462 0 0
iShares MSCI Emerging Markets COM 464287234 358 7,405 SH   SOLE   7,405 0 0
iShares MSCI USA Quality Facto COM 46432f339 1,091 13,186 SH   SOLE   13,186 0 0
iShares Nasdaq Biotech Index F COM 464287556 6,209 58,168 SH   SOLE   58,168 0 0
iShares Russell 1000 Growth COM 464287614 1,179 8,666 SH   SOLE   8,666 0 0
iShares Russell 1000 Value COM 464287598 646 5,387 SH   SOLE   5,387 0 0
iShares Russell 2000 Index Fun COM 464287655 537 3,536 SH   SOLE   3,536 0 0
iShares Russell Midcap Value COM 464287473 206 2,380 SH   SOLE   2,380 0 0
iShares S&P 100 Index Fund COM 464287101 2,019 17,406 SH   SOLE   17,406 0 0
iShares S&P 500 Index Fund COM 464287200 7,432 28,006 SH   SOLE   28,006 0 0
iShares S&P 500 Value Index Fu COM 464287408 219 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 586 12,565 SH   SOLE   12,565 0 0
iShares S&P Global 100 COM 464287572 757 8,291 SH   SOLE   8,291 0 0
iShares S&P Midcap 400 COM 464287507 1,784 9,509 SH   SOLE   9,509 0 0
iShares S&P Midcap 400/Value COM 464287705 532 3,441 SH   SOLE   3,441 0 0
iShares S&P SmallCap 600 COM 464287804 548 7,110 SH   SOLE   7,110 0 0
iShares S&P US Preferred Stock COM 464288687 6,526 173,735 SH   SOLE   173,735 0 0
AEGON 8.00. 2042 Notes Called PFD 007924608 1,735 65,431 SH   SOLE   65,431 0 0
AGNC Investment Corp 7.75. Per PFD 00123q302 1,095 42,579 SH   SOLE   42,579 0 0
AON Cap 8.205. 1/27 Non-Call B PFD 22532r101 1,853 60,644 SH   SOLE   60,644 0 0
AllState 6.75 2049 Call 10/201 PFD 020002606 238 9,264 SH   SOLE   9,264 0 0
Allied Capital ARCC6.875. 4/20 PFD 01903q207 246 9,695 SH   SOLE   9,695 0 0
Ally 8.125. Call CUM Call 5/17 PFD 361860208 213 8,200 SH   SOLE   8,200 0 0
American Homes 4Rent 6.50. Per PFD 02665t702 350 14,002 SH   SOLE   14,002 0 0
Amtrust Financial 7.5. QDI Cal PFD 032359887 545 28,770 SH   SOLE   28,770 0 0
Amtrust Financial 7.50.Nts 205 PFD 032359853 200 8,280 SH   SOLE   8,280 0 0
Amtrust Financial 7.625.CUM QD PFD 032359705 1,080 57,174 SH   SOLE   57,174 0 0
Amtrust Financial 7.75. QDI Ca PFD 032359846 875 41,723 SH   SOLE   41,723 0 0
Annaly Capital6.50.CUM Fix-Flo PFD 035710862 292 11,925 SH   SOLE   11,925 0 0
Apollo Cmmrl Real Est 8.00. CU PFD 03762u501 534 20,973 SH   SOLE   20,973 0 0
Arbor Realty 8.50. CUM Perp Ca PFD 038923801 276 10,744 SH   SOLE   10,744 0 0
Argo Group 6.5. Sr Notes Call PFD 040130205 1,742 68,964 SH   SOLE   68,964 0 0
Arlington Asset Inv 7.00. Cum PFD 041356601 517 20,846 SH   SOLE   20,846 0 0
Ashford Hospitality 7.375. NR PFD 044103604 1,356 58,282 SH   SOLE   58,282 0 0
Ashford Hospitality 7.5. Calla PFD 044103885 384 16,402 SH   SOLE   16,402 0 0
Ashford Hospitality 7.50.Cum P PFD 044103802 407 17,494 SH   SOLE   17,494 0 0
Atlas Finl SrNt 6.625. Cl 4/20 PFD g06207123 433 17,425 SH   SOLE   17,425 0 0
B Riley Financial 7.50.SnNts D PFD 05580m306 2,664 104,975 SH   SOLE   104,975 0 0
B Riley Financial 7.50.SnNts d PFD 05580m207 435 16,870 SH   SOLE   16,870 0 0
BGC Partners 8.125. 2042 Call PFD 05541t408 3,679 143,169 SH   SOLE   143,169 0 0
BOFI Holdings 6.25.Sr Nts 2/20 PFD 05566u306 222 8,700 SH   SOLE   8,700 0 0
BancOfCalifornia 7.00. Cal2021 PFD 05990k874 1,869 72,181 SH   SOLE   72,181 0 0
BancOfCalifornia 7.375. Ca2020 PFD 05990k882 7,006 267,421 SH   SOLE   267,421 0 0
BancOfCalifornia 8.00. Cal2018 PFD 05990k403 2,653 103,034 SH   SOLE   103,034 0 0
Bank of America 6.5. Prp Cl 1/ PFD 060505310 453 17,157 SH   SOLE   17,157 0 0
Bank of America 6.625. Prp/Cl9 PFD 060505344 2,665 101,693 SH   SOLE   101,693 0 0
Bank of America 6.625.Prp Cl10 PFD 060505740 593 23,028 SH   SOLE   23,028 0 0
BankofAmerica .1000pv 7.25.Cnv PFD 060505682 5,807 4,503 SH   SOLE   4,503 0 0
Barclays 8.125. Perp/Cl 3/14 B PFD 06739h362 377 14,300 SH   SOLE   14,300 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,287 55,781 SH   SOLE   55,781 0 0
BlueRock Residential Growth 8. PFD 09627j508 3,145 125,916 SH   SOLE   125,916 0 0
Boston Private Finl 6.95.Perp PFD 101119303 804 31,533 SH   SOLE   31,533 0 0
CAI Internatnl 8.50.Perp Cum Q PFD 12477x205 1,866 75,237 SH   SOLE   75,237 0 0
CHS Chemical 7.50. Cl 1/2025 C PFD 12542r803 7,397 266,001 SH   SOLE   266,001 0 0
CHS Chemicals 6.75. Perp cl 20 PFD 12542r704 332 12,337 SH   SOLE   12,337 0 0
CHS Chemicals 7.875. Perp cl 2 PFD 12542r308 411 13,997 SH   SOLE   13,997 0 0
CHS Inc. 7.1. fxd to float in PFD 12542r506 281 10,021 SH   SOLE   10,021 0 0
Capital One Finl 6.7.Prp Call PFD 14040h709 1,574 59,541 SH   SOLE   59,541 0 0
CenturyLink Quest 7.0.SnNts Cl PFD 74913g501 2,449 104,007 SH   SOLE   104,007 0 0
Chimera Investment Corp 8. Cal PFD 16934q406 547 21,468 SH   SOLE   21,468 0 0
Citigroup 5.8. B1 Call 4/18 QD PFD 172967366 203 7,973 SH   SOLE   7,973 0 0
Citigroup 6.875. Non Cum Call PFD 172967333 200 7,621 SH   SOLE   7,621 0 0
Citigroup 7.125. Flt Aftr 9/23 PFD 172967358 7,399 259,079 SH   SOLE   259,079 0 0
Citigroup Tst 7.875. Cl2015 Li PFD 173080201 943 34,695 SH   SOLE   34,695 0 0
City Office REIT 6.625. CUM Ca PFD 178587200 599 25,177 SH   SOLE   25,177 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w880 4,929 216,640 SH   SOLE   216,640 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w872 363 15,825 SH   SOLE   15,825 0 0
Colony NorthStar 7.125. CUM Ca PFD 19625w864 1,405 61,108 SH   SOLE   61,108 0 0
Colony NorthStar 7.50. CUM Cal PFD 19625w807 2,423 104,204 SH   SOLE   104,204 0 0
Colony NorthStar 8.50. CUM Cal PFD 19625w500 832 33,303 SH   SOLE   33,303 0 0
Colony NorthStar 8.75. CUM Cal PFD 19625w609 618 24,668 SH   SOLE   24,668 0 0
CoreEnergy 7.375. Pfd - Par Ca PFD 21870u304 1,901 76,119 SH   SOLE   76,119 0 0
Cowen 7.35. Sn Notes 2027 Call PFD 223622705 1,535 60,950 SH   SOLE   60,950 0 0
Crown Castle Intl 6.875. MndCo PFD 22822v309 370 331 SH   SOLE   331 0 0
Customers Bk 7.00. Fx Flt Prp/ PFD 23204g407 241 9,151 SH   SOLE   9,151 0 0
Digital Realty 7.375. Perp CUM PFD 253868871 1,995 75,900 SH   SOLE   75,900 0 0
Dynagas LNG 9.0. QDI CUM cl 2 PFD Y2188b116 1,257 47,472 SH   SOLE   47,472 0 0
EBAY 6.00. Sr Notes Call 3/1/2 PFD 278642202 465 17,660 SH   SOLE   17,660 0 0
EaglePoint Credit 7.75. Due 10 PFD 269809307 271 10,430 SH   SOLE   10,430 0 0
EaglePoint Credit 7.75.2022 CU PFD 269809109 629 24,481 SH   SOLE   24,481 0 0
Fidus Investment 5.875.Notes D PFD 316500206 653 25,650 SH   SOLE   25,650 0 0
First Republic 7.0. Cl 12/18 B PFD 33616c860 4,587 175,066 SH   SOLE   175,066 0 0
GGP Inc 6.375. Call 2/2018 CUM PFD 370023202 366 14,800 SH   SOLE   14,800 0 0
GasLog LP 8.625.fxd/flt Cum Q PFD y2687w116 771 30,050 SH   SOLE   30,050 0 0
GasLog Ltd 8.375. Ser A CUM QD PFD y2687w124 1,125 43,763 SH   SOLE   43,763 0 0
GasLog Ltd 8.75. Ser A CUM QDI PFD g37585117 1,544 57,669 SH   SOLE   57,669 0 0
Gladstone 7.00. CUM Perp Call PFD 376536603 5,521 222,405 SH   SOLE   222,405 0 0
Gladstone Investment 6.25. CUM PFD 376546503 631 24,896 SH   SOLE   24,896 0 0
Glandstone Invstmt 6.50.SrNts2 PFD 376546404 224 8,822 SH   SOLE   8,822 0 0
Global Indemnity SrNts7.75. Ca PFD g3933f121 1,925 74,699 SH   SOLE   74,699 0 0
Global Indmnty 7.875. Cl2022 b PFD g3933f139 1,011 39,438 SH   SOLE   39,438 0 0
Global Medical RE 7.50. CUM Pe PFD 37957w203 493 20,031 SH   SOLE   20,031 0 0
Global Net Lease 7.25.Perp Cum PFD 379378300 1,606 64,476 SH   SOLE   64,476 0 0
Golar LNG 8.75. Perp QDI Call PFD y2745c110 1,392 54,940 SH   SOLE   54,940 0 0
Goldman 5.5. Flt Aftr 5/23 Cl PFD 38145g308 1,823 68,472 SH   SOLE   68,472 0 0
Great Elm Capital 6.75.SnNts M PFD 390320406 390 16,125 SH   SOLE   16,125 0 0
HSBC Hldgs 8.0. Prp Cl 12/15 B PFD 404280802 2,217 84,824 SH   SOLE   84,824 0 0
Hanover Insurance6.35. Cl3/18 PFD 410867204 1,125 44,821 SH   SOLE   44,821 0 0
Hartford Finl 7.875. 2042 call PFD 416518504 1,181 40,240 SH   SOLE   40,240 0 0
Hersha Hospitality 6.50. NR Ca PFD 427825609 315 13,533 SH   SOLE   13,533 0 0
Hoegh LNG Partners 8.75. QDI PFD y3262r118 1,037 39,913 SH   SOLE   39,913 0 0
Horizon Technology Fin 6.25.Sr PFD 44045a300 323 12,550 SH   SOLE   12,550 0 0
IberiaBank Corp 6.60. Call 5/1 PFD 450828504 812 29,781 SH   SOLE   29,781 0 0
Invesco Mortgage 7.75.Perp CUM PFD 46131b209 338 13,603 SH   SOLE   13,603 0 0
JMP Group 8.00. SrDeb Due1/202 PFD 46629u206 409 16,164 SH   SOLE   16,164 0 0
JMP Group SrNts7.25. BBB- 11/2 PFD 466273109 1,170 47,100 SH   SOLE   47,100 0 0
JPMorgan Chase 6.70.Perp/Call PFD 48127a161 1,705 65,235 SH   SOLE   65,235 0 0
Jernigan Capital 7.00. CUM PER PFD 476405204 733 31,580 SH   SOLE   31,580 0 0
Just Energy 8.50.Perp Call3/20 PFD 48213w200 1,396 57,657 SH   SOLE   57,657 0 0
LaSalle Hotel 6.3. Call 5/2021 PFD 517942884 254 10,454 SH   SOLE   10,454 0 0
LaSalle Hotel 6.375. Call 3/20 PFD 517942801 230 9,399 SH   SOLE   9,399 0 0
M&T Bank 6.375. Cl 11/18 BBB- PFD 55261f708 466 459 SH   SOLE   459 0 0
MFA Financial 7.5. Prp Cl 4/15 PFD 55272x409 214 8,492 SH   SOLE   8,492 0 0
MVC Capital 6.25. SrNts Due12/ PFD 553829409 504 20,000 SH   SOLE   20,000 0 0
Maiden Holdings 8.25.Prp Cl8/2 PFD g5753u120 609 31,500 SH   SOLE   31,500 0 0
Medley Capital7.25.SrNts Due24 PFD 58503y204 453 17,900 SH   SOLE   17,900 0 0
Medley Capitl 6.875.Notes Due2 PFD 58503y105 352 14,100 SH   SOLE   14,100 0 0
Morgan Stanley 7.125.Flt 10/23 PFD 61762v200 4,671 161,862 SH   SOLE   161,862 0 0
National General 7.5. NA Cl Q PFD 636220857 4,830 194,699 SH   SOLE   194,699 0 0
National General 7.50.Call4/20 PFD 636220808 2,666 107,714 SH   SOLE   107,714 0 0
National General 7.625. Call9/ PFD 636220873 1,433 57,782 SH   SOLE   57,782 0 0
National General7.50.Call 7/20 PFD 636220709 2,307 92,147 SH   SOLE   92,147 0 0
New York MtgTrust 7.875.Perp C PFD 649604808 265 11,234 SH   SOLE   11,234 0 0
NewTek Business Svs 6.25. Nts PFD 652526500 1,169 45,950 SH   SOLE   45,950 0 0
NewTek Business Svs 7.50. Nts PFD 652526302 504 19,811 SH   SOLE   19,811 0 0
NuStar Logistics 7.625.Nts Cl PFD 67059t204 1,736 68,739 SH   SOLE   68,739 0 0
Oxford Lane Cap6.75. Nts 6/202 PFD 691543508 903 35,395 SH   SOLE   35,395 0 0
Oxford Lane Capital 7.50. 6/20 PFD 691543300 211 8,338 SH   SOLE   8,338 0 0
Partner Re 6.50.Perp Cal 4/202 PFD g68603136 1,845 69,795 SH   SOLE   69,795 0 0
Partner Re 7.25. Call 06/21 BB PFD g68603144 6,823 245,433 SH   SOLE   245,433 0 0
Penn RealEstate 6.875.CUM Perp PFD 709102701 218 10,882 SH   SOLE   10,882 0 0
Penn RealEstate 7.20.CUM Perp PFD 709102602 216 10,425 SH   SOLE   10,425 0 0
Penn RealEstate 7.375.CUM Perp PFD 709102503 366 17,233 SH   SOLE   17,233 0 0
PennyMac Mtg 8.125. 2024 Libor PFD 70931t301 357 14,011 SH   SOLE   14,011 0 0
Plymouth Industrial 7.50. CUM PFD 729640201 352 14,156 SH   SOLE   14,156 0 0
Prospect Captl 6.25. 6/24 SrNt PFD 74348t300 2,313 90,031 SH   SOLE   90,031 0 0
Prudential PLC 6.75. PrpCl 9/0 PFD g7293h114 441 16,677 SH   SOLE   16,677 0 0
QTS Realty 7.125. Perp Cum Cl PFD 74736a202 682 26,875 SH   SOLE   26,875 0 0
Quest USWest 7.0. SrNts 2/56 C PFD 74913g808 3,315 138,593 SH   SOLE   138,593 0 0
Quest USWest SnNotes 7.0. 2052 PFD 74913G402 1,039 45,047 SH   SOLE   45,047 0 0
Quest USWestSnNote7.5. BBB- Cl PFD 74913g303 1,409 55,926 SH   SOLE   55,926 0 0
Quest USWestSnNotes 6.875. CL PFD 74913g105 2,552 114,195 SH   SOLE   114,195 0 0
Qwest Corp 6.5. Sr Note 9/56 C PFD 74913g881 1,385 64,650 SH   SOLE   64,650 0 0
Qwest Corp 6.75. SrNote 6/57 C PFD 74913g873 770 35,150 SH   SOLE   35,150 0 0
Regions Financial 6.375. Cl 12 PFD 7591ep308 409 16,058 SH   SOLE   16,058 0 0
Reinsurance Group of Amer 6.2. PFD 759351703 277 9,800 SH   SOLE   9,800 0 0
SL Green Realty 6.5. Perp CUM PFD 78440x507 1,759 69,007 SH   SOLE   69,007 0 0
SoCalEd 5.375. CUM cl 2025 QDI PFD 78409g206 808 31,451 SH   SOLE   31,451 0 0
Sotherly Hotels 7.25. SrNt2021 PFD 83600e307 657 25,250 SH   SOLE   25,250 0 0
Sotherly Hotels 7.875. Cum Per PFD 83600c400 958 38,329 SH   SOLE   38,329 0 0
Sotherly Hotels 8. Cum Perp C PFD 83600c301 2,889 115,591 SH   SOLE   115,591 0 0
Spark Energy 8.75. Call 2022 Q PFD 846511202 792 32,996 SH   SOLE   32,996 0 0
Stag Industrial 6.875.CUM Perp PFD 85254j300 203 8,070 SH   SOLE   8,070 0 0
Summitt Hotel Prp 6.25.CUM Per PFD 866082605 212 8,800 SH   SOLE   8,800 0 0
Sunstone Hotel 6.95. Prp/Cl 3/ PFD 867892606 761 30,323 SH   SOLE   30,323 0 0
Sutherland Asset Mgt 7.0.SrNts PFD 86933f602 200 7,850 SH   SOLE   7,850 0 0
Synovus 7.875. Fx-Flt 8/18 Cl8 PFD 87161c402 314 12,054 SH   SOLE   12,054 0 0
Teekay Offshore 8.875.Cum Cl 2 PFD Y8561j176 261 10,635 SH   SOLE   10,635 0 0
Telephone & Data 6.875. Cl 11/ PFD 879433845 2,026 80,075 SH   SOLE   80,075 0 0
Telephone & Data 7.0. Cl 3/16 PFD 879433837 707 28,002 SH   SOLE   28,002 0 0
Texas Capitl Bancshares6.50. 2 PFD 882228307 445 17,267 SH   SOLE   17,267 0 0
Torchmark Crp 6.125. SubDebCal PFD 891027401 804 30,350 SH   SOLE   30,350 0 0
TriState Capital Hlds 6.75. Pe PFD 89678f209 1,117 43,225 SH   SOLE   43,225 0 0
Triancgle Capitl 6.375.Sr Note PFD 895848406 938 37,275 SH   SOLE   37,275 0 0
Two Harbors Investments 7.625. PFD 90187b309 263 10,443 SH   SOLE   10,443 0 0
Two Harbors Investments 8.125. PFD 90187b200 652 24,769 SH   SOLE   24,769 0 0
UMH Properties 8.0. Perp Cum C PFD 903002301 587 22,122 SH   SOLE   22,122 0 0
US Bancorp 6.5. Flt Aftr 1/22 PFD 902973833 1,050 37,587 SH   SOLE   37,587 0 0
US Celllular SrNts 7.25. 2063 PFD 911684504 488 18,950 SH   SOLE   18,950 0 0
US Cellular 6.95.SrNT 2060 Cl PFD 911684405 397 15,535 SH   SOLE   15,535 0 0
US Cellular 7.25. SrNts12/2064 PFD 911684603 1,748 67,352 SH   SOLE   67,352 0 0
VEREIT Inc 6.70. Perp CUM Cl 2 PFD 92339v209 815 32,095 SH   SOLE   32,095 0 0
Wells Fargo 5.85.Flt Aftr 9/23 PFD 949746556 308 11,722 SH   SOLE   11,722 0 0
Wells Fargo 6.375. Cl 12/19 BB PFD 94988n207 746 28,723 SH   SOLE   28,723 0 0
Wells Fargo 7.5. Cnv@.156 .100 PFD 949746804 17,554 13,608 SH   SOLE   13,608 0 0
Wells Fargo 8.00. Prp Cl12/17 PFD 949746879 4,182 162,779 SH   SOLE   162,779 0 0
WinTrust Financial 6.50. Call PFD 97650w405 236 8,637 SH   SOLE   8,637 0 0
American Express Cp 5.2. - Cal PFD 025816BJ7 305 300,000 PRN   SOLE   300,000 0 0
Bank of America 5.20. Perp/Cal PFD 060505ED2 1,408 1,415,000 PRN   SOLE   1,415,000 0 0
CIT Group Inc 5.8. - Call 6/15 PFD 125581GU6 201 200,000 PRN   SOLE   200,000 0 0
Charles Schwab 4.625. Perp/Cal PFD 808513AP0 540 540,000 PRN   SOLE   540,000 0 0
Charles Schwab 7. Perp/Call 2/ PFD 808513AE5 1,516 1,372,000 PRN   SOLE   1,372,000 0 0
Citigroup 5.35. Perp/Call 5/23 PFD 172967GR6 734 740,000 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 - Callable 11/15 PFD 172967HZ7 309 300,000 PRN   SOLE   300,000 0 0
Citigroup Inc 5.95. Perp Call PFD 172967GD7 1,179 1,150,000 PRN   SOLE   1,150,000 0 0
Citigroup Inc 6.125. Perp Call PFD 172967KD2 578 550,000 PRN   SOLE   550,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 744 725,000 PRN   SOLE   725,000 0 0
Fifth Third Bancorp 4.9. until PFD 316773CR9 283 285,000 PRN   SOLE   285,000 0 0
GE Cap Corp 5.00. Perp/Call 1/ PFD 369604BQ5 2,008 2,028,000 PRN   SOLE   2,028,000 0 0
Goldman Sachs 5.375 Perp/Call PFD 38148BAB4 476 465,000 PRN   SOLE   465,000 0 0
Goldman Sachs 5.7 Perp/Call 5/ PFD 38148BAA6 1,136 1,115,000 PRN   SOLE   1,115,000 0 0
JPMorgan 5.3. Perp/Call 5/1/20 PFD 46625HKK5 308 300,000 PRN   SOLE   300,000 0 0
JPMorgan 6.0. Perp/Call 8/23 - PFD 48126HAA8 3,157 3,050,000 PRN   SOLE   3,050,000 0 0
JPMorgan 7.9. Perp/Call 4/18 - PFD 46625HHA1 3,151 3,135,000 PRN   SOLE   3,135,000 0 0
MetLife Inc. 5.25. Call 6/15/2 PFD 59156RBP2 256 250,000 PRN   SOLE   250,000 0 0
Morgan Stanley 5.45. Perp/Call PFD 61761JQK8 203 200,000 PRN   SOLE   200,000 0 0
So. Cal Edison 6.25. Perp/Call PFD 842400FU2 808 760,000 PRN   SOLE   760,000 0 0
Stanley Black & Decker Callabl PFD 854502AF8 1,188 1,170,000 PRN   SOLE   1,170,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 2,703 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