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 306 100 SH   SOLE   1 0 0
3M Company COM 88579y101 21,558 113,141 SH   SOLE   113,141 0 0
AT&T Inc COM 00206r102 1,649 57,791 SH   SOLE   57,791 0 0
AbbVie Inc COM 00287y109 11,791 127,901 SH   SOLE   127,901 0 0
Abbott Laboratories COM 002824100 13,765 190,313 SH   SOLE   190,313 0 0
Accenture PLC-Cl A COM g1151c101 4,252 30,155 SH   SOLE   30,155 0 0
Adobe Inc COM 00724f101 1,435 6,343 SH   SOLE   6,343 0 0
Aflac Inc COM 001055102 1,390 30,511 SH   SOLE   30,511 0 0
Agilent Technologies Inc COM 00846u101 1,073 15,899 SH   SOLE   15,899 0 0
Air Products & Chemicals Inc COM 009158106 8,370 52,297 SH   SOLE   52,297 0 0
Alibaba Group Holding-SP ADR COM 01609w102 507 3,702 SH   SOLE   3,702 0 0
Allergan plc (new) COM g0177j108 4,230 31,650 SH   SOLE   31,650 0 0
Allstate Corp COM 020002101 435 5,269 SH   SOLE   5,269 0 0
Alphabet Inc-Cl A COM 02079k305 11,768 11,262 SH   SOLE   11,262 0 0
Alphabet Inc-Cl C COM 02079k107 5,678 5,483 SH   SOLE   5,483 0 0
Altaba Inc COM 021346101 996 17,188 SH   SOLE   17,188 0 0
Altria Group Inc COM 02209s103 2,585 52,343 SH   SOLE   52,343 0 0
Amazon.com Inc COM 023135106 17,196 11,449 SH   SOLE   11,449 0 0
American Electric Power COM 025537101 484 6,482 SH   SOLE   6,482 0 0
American Express Co COM 025816109 1,659 17,407 SH   SOLE   17,407 0 0
Amgen Inc COM 031162100 8,807 45,238 SH   SOLE   45,238 0 0
Anthem Inc COM 036752103 2,817 10,727 SH   SOLE   10,727 0 0
Apple Inc COM 037833100 41,328 261,999 SH   SOLE   261,999 0 0
Applied Materials Inc COM 038222105 261 7,983 SH   SOLE   7,983 0 0
Archer-Daniels-Midland Co COM 039483102 691 16,854 SH   SOLE   16,854 0 0
Automatic Data Processing COM 053015103 23,525 179,420 SH   SOLE   179,420 0 0
Bank Of Marin Bancorp/CA COM 063425102 981 23,794 SH   SOLE   23,794 0 0
Bank Of New York Mellon Corp COM 064058100 207 4,405 SH   SOLE   4,405 0 0
Bank of America Corp COM 060505104 7,470 303,161 SH   SOLE   303,161 0 0
Baxter International Inc. COM 071813109 364 5,531 SH   SOLE   5,531 0 0
Becton Dickinson & Co COM 075887109 3,024 13,421 SH   SOLE   13,421 0 0
Berkshire Hathaway Inc-Cl B COM 084670702 4,503 22,052 SH   SOLE   22,052 0 0
Biogen Inc COM 09062x103 1,233 4,099 SH   SOLE   4,099 0 0
Blackrock Inc COM 09247x101 323 823 SH   SOLE   823 0 0
Blackstone Group/The COM 09253u108 404 13,569 SH   SOLE   13,569 0 0
Boeing Co COM 097023105 12,574 38,990 SH   SOLE   38,990 0 0
Bristol-Myers Squibb Co COM 110122108 9,231 177,592 SH   SOLE   177,592 0 0
Broadcom Inc COM 11135f101 1,219 4,794 SH   SOLE   4,794 0 0
CBS Corp Class B COM 124857202 204 4,664 SH   SOLE   4,664 0 0
CSX Corp COM 126408103 267 4,300 SH   SOLE   4,300 0 0
CVS Health Corp COM 126650100 2,258 34,456 SH   SOLE   34,456 0 0
CarMax Inc COM 143130102 220 3,500 SH   SOLE   3,500 0 0
Caterpillar Inc COM 149123101 4,025 31,674 SH   SOLE   31,674 0 0
Celgene Corp COM 151020104 201 3,129 SH   SOLE   3,129 0 0
CenterPoint Energy Inc COM 15189t107 408 14,455 SH   SOLE   14,455 0 0
Cerner Corp COM 156782104 1,885 35,951 SH   SOLE   35,951 0 0
Check Point Software Tech COM m22465104 1,269 12,362 SH   SOLE   12,362 0 0
Chevron Corp COM 166764100 25,436 233,809 SH   SOLE   233,809 0 0
Chubb Ltd (new) COM h1467j104 863 6,682 SH   SOLE   6,682 0 0
Cigna Corp COM 125523100 504 2,653 SH   SOLE   2,653 0 0
Cincinnati Financial Corp COM 172062101 426 5,506 SH   SOLE   5,506 0 0
Cintas Corp COM 172908105 547 3,257 SH   SOLE   3,257 0 0
Cisco Systems Inc COM 17275R102 7,709 177,913 SH   SOLE   177,913 0 0
Citigroup Inc COM 172967424 320 6,140 SH   SOLE   6,140 0 0
Clorox Company COM 189054109 16,317 105,855 SH   SOLE   105,855 0 0
Coca-Cola Co/The COM 191216100 1,920 40,547 SH   SOLE   40,547 0 0
Colgate-Palmolive Co COM 194162103 6,337 106,468 SH   SOLE   106,468 0 0
Comcast Corp-Cl A COM 20030n101 872 25,611 SH   SOLE   25,611 0 0
Conagra Brands Inc COM 205887102 360 16,848 SH   SOLE   16,848 0 0
ConocoPhillips COM 20825C104 3,600 57,740 SH   SOLE   57,740 0 0
Consolidated Edison Inc COM 209115104 559 7,316 SH   SOLE   7,316 0 0
Costco Wholesale Corp COM 22160K105 24,514 120,336 SH   SOLE   120,336 0 0
Crown Castle Intl Corp COM 22822v101 17,679 162,743 SH   SOLE   162,743 0 0
Danaher Corp COM 235851102 5,841 56,646 SH   SOLE   56,646 0 0
Deere & Co COM 244199105 1,524 10,214 SH   SOLE   10,214 0 0
Diageo Plc-Sponsored ADR COM 25243q205 531 3,745 SH   SOLE   3,745 0 0
Dick's Sporting Goods Inc COM 253393102 255 8,188 SH   SOLE   8,188 0 0
Disney Co./Walt The COM 254687106 16,649 151,834 SH   SOLE   151,834 0 0
Dominion Resources Inc/Va COM 25746u109 341 4,773 SH   SOLE   4,773 0 0
Dover Corp COM 260003108 543 7,659 SH   SOLE   7,659 0 0
DowDuPont Inc COM 26078j100 7,506 140,347 SH   SOLE   140,347 0 0
Duke Energy Corp COM 26441c204 556 6,439 SH   SOLE   6,439 0 0
EMX Royalty Corp COM 26873j107 60 53,000 SH   SOLE   53,000 0 0
Eaton Corp PLC COM g29183103 638 9,292 SH   SOLE   9,292 0 0
Ecolab Inc COM 278865100 15,393 104,465 SH   SOLE   104,465 0 0
Edison International COM 281020107 7,177 126,426 SH   SOLE   126,426 0 0
Edwards Lifesciences Corp COM 28176e108 311 2,030 SH   SOLE   2,030 0 0
Electronic Arts Inc COM 285512109 240 3,043 SH   SOLE   3,043 0 0
Eli Lilly & Co COM 532457108 3,343 28,893 SH   SOLE   28,893 0 0
Emerson Electric Co COM 291011104 1,360 22,768 SH   SOLE   22,768 0 0
Enbridge Inc COM 29250n105 313 10,071 SH   SOLE   10,071 0 0
Encounter Technologies Inc COM 29259j303 0 62,000 SH   SOLE   62,000 0 0
Enterprise Products Partners COM 293792107 247 10,044 SH   SOLE   10,044 0 0
Essex Property Trust Inc COM 297178105 1,297 5,289 SH   SOLE   5,289 0 0
Evergy Inc COM 30034w106 597 10,508 SH   SOLE   10,508 0 0
Eversource Energy COM 30040w108 304 4,674 SH   SOLE   4,674 0 0
Exxon Mobil Corp COM 30231G102 5,737 84,127 SH   SOLE   84,127 0 0
Facebook Inc COM 30303m102 976 7,449 SH   SOLE   7,449 0 0
Fanhua Inc-Sponsored ADR COM 30712a103 294 13,404 SH   SOLE   13,404 0 0
FedEx Corp COM 31428x106 606 3,754 SH   SOLE   3,754 0 0
First Republic Bank/San Franci COM 33616C100 8,841 101,742 SH   SOLE   101,742 0 0
First Trust Mid Cap Growth Alp COM 33737m102 2,317 63,981 SH   SOLE   63,981 0 0
First Trust Morningstar Divide COM 336917109 616 22,604 SH   SOLE   22,604 0 0
Ford Motor Co COM 345370860 95 12,405 SH   SOLE   12,405 0 0
Fortinet Inc COM 34959e109 644 9,140 SH   SOLE   9,140 0 0
General Dynamics Corp COM 369550108 2,696 17,150 SH   SOLE   17,150 0 0
General Electric Co COM 369604103 553 73,001 SH   SOLE   73,001 0 0
Genuine Parts Co COM 372460105 7,310 76,128 SH   SOLE   76,128 0 0
Gilead Sciences Inc COM 375558103 496 7,926 SH   SOLE   7,926 0 0
Goldman Sach Active Beta US La COM 381430503 641 12,746 SH   SOLE   12,746 0 0
Goldman Sachs Group Inc COM 38141G104 475 2,842 SH   SOLE   2,842 0 0
HCP Inc REIT COM 40414l109 450 16,111 SH   SOLE   16,111 0 0
Home Depot Inc COM 437076102 20,964 122,013 SH   SOLE   122,013 0 0
Honeywell International Inc COM 438516106 4,841 36,639 SH   SOLE   36,639 0 0
Hormel Foods Corp COM 440452100 409 9,575 SH   SOLE   9,575 0 0
Illinois Tool Works COM 452308109 414 3,271 SH   SOLE   3,271 0 0
Ingersoll-Rand PLC COM g47791101 1,620 17,753 SH   SOLE   17,753 0 0
Intel Corp COM 458140100 16,477 351,090 SH   SOLE   351,090 0 0
Interpublic Group Of Cos Inc COM 460690100 209 10,149 SH   SOLE   10,149 0 0
Intl Business Machines Corp COM 459200101 1,530 13,463 SH   SOLE   13,463 0 0
Intl Flavors & Fragrances COM 459506101 839 6,250 SH   SOLE   6,250 0 0
Intuitive Surgical Inc COM 46120e602 465 971 SH   SOLE   971 0 0
Invesco KBW Regional Bank ETF COM 46138e578 684 15,275 SH   SOLE   15,275 0 0
Invesco Preferred ETF COM 46138e511 10,422 773,706 SH   SOLE   773,706 0 0
Invesco QQQ NASDAQ 100 Trust COM 46090e103 4,618 29,938 SH   SOLE   29,938 0 0
Invesco S&P Equal Weight COM 46137v357 698 7,635 SH   SOLE   7,635 0 0
Invesco S&P Top 50 COM 46137v233 1,302 7,238 SH   SOLE   7,238 0 0
JPMorgan Chase & Co COM 46625H100 13,648 139,809 SH   SOLE   139,809 0 0
JPMorgan US Large Cap Diversif COM 46641q407 1,216 18,741 SH   SOLE   18,741 0 0
Jacobs Engineering Group Inc COM 469814107 333 5,703 SH   SOLE   5,703 0 0
Johnson & Johnson COM 478160104 27,061 209,692 SH   SOLE   209,692 0 0
KLA-Tencor Corporation COM 482480100 225 2,512 SH   SOLE   2,512 0 0
Keysight Technologies Inc COM 49338l103 604 9,726 SH   SOLE   9,726 0 0
Kimberly-Clark Corp COM 494368103 12,215 107,205 SH   SOLE   107,205 0 0
Kinder Morgan Inc COM 49456b101 214 13,932 SH   SOLE   13,932 0 0
L3 Technologies Inc COM 502413107 2,167 12,477 SH   SOLE   12,477 0 0
Laboratory Corp Of Amer Hldgs COM 50540r409 1,909 15,110 SH   SOLE   15,110 0 0
Lam Research Corp COM 512807108 203 1,494 SH   SOLE   1,494 0 0
Lamb Weston Holdings Inc COM 513272104 320 4,354 SH   SOLE   4,354 0 0
Lennar Corp-Cl A COM 526057104 695 17,758 SH   SOLE   17,758 0 0
Linde PLC COM g5494j103 2,389 15,309 SH   SOLE   15,309 0 0
Lockheed Martin Corp COM 539830109 4,971 18,987 SH   SOLE   18,987 0 0
Lowe's Cos Inc COM 548661107 3,758 40,686 SH   SOLE   40,686 0 0
Lululemon Athletica Inc COM 550021109 1,031 8,475 SH   SOLE   8,475 0 0
Marathon Petroleum Corp COM 56585a102 366 6,198 SH   SOLE   6,198 0 0
Marriott International-Cl A COM 571903202 2,221 20,463 SH   SOLE   20,463 0 0
Masimo Corporation COM 574795100 259 2,415 SH   SOLE   2,415 0 0
MasterCard Inc-Class A COM 57636q104 309 1,637 SH   SOLE   1,637 0 0
McCormick & Co-Non Votung Shrs COM 579780206 2,886 20,724 SH   SOLE   20,724 0 0
McDonald's Corp COM 580135101 15,879 89,424 SH   SOLE   89,424 0 0
McKesson Corp COM 58155q103 464 4,200 SH   SOLE   4,200 0 0
Medical Properties Trust Inc COM 58463j304 211 13,129 SH   SOLE   13,129 0 0
Medtronic PLC COM g5960l103 8,084 88,878 SH   SOLE   88,878 0 0
Merck & Co. Inc. COM 58933y105 3,813 49,896 SH   SOLE   49,896 0 0
Microsoft Corp COM 594918104 35,012 344,712 SH   SOLE   344,712 0 0
Mondelez International COM 609207105 973 24,300 SH   SOLE   24,300 0 0
Morgan Stanley COM 617446448 1,898 47,860 SH   SOLE   47,860 0 0
Motorola Solutions Inc COM 620076307 367 3,190 SH   SOLE   3,190 0 0
NVIDIA Corp COM 67066g104 2,606 19,519 SH   SOLE   19,519 0 0
Nestle Sa-Spons ADR For Reg COM 641069406 667 8,243 SH   SOLE   8,243 0 0
NextEra Energy Inc COM 65339f101 18,822 108,285 SH   SOLE   108,285 0 0
Nike Inc -Cl B COM 654106103 13,271 178,995 SH   SOLE   178,995 0 0
Norfolk Southern Corp COM 655844108 325 2,175 SH   SOLE   2,175 0 0
Novartis Ag-ADR COM 66987v109 443 5,168 SH   SOLE   5,168 0 0
O'Reilly Automotive Inc COM 67103h107 363 1,054 SH   SOLE   1,054 0 0
ONEOK Inc COM 682680103 225 4,168 SH   SOLE   4,168 0 0
Occidental Petroleum Corp COM 674599105 1,945 31,688 SH   SOLE   31,688 0 0
Oracle Corp COM 68389x105 2,385 52,816 SH   SOLE   52,816 0 0
Parker-Hannifin Corp COM 701094104 261 1,748 SH   SOLE   1,748 0 0
PayPal Holdings Inc COM 70450y103 994 11,820 SH   SOLE   11,820 0 0
PepsiCo Inc COM 713448108 5,230 47,336 SH   SOLE   47,336 0 0
Pfizer Inc COM 717081103 6,879 157,590 SH   SOLE   157,590 0 0
Philip Morris International COM 718172109 817 12,242 SH   SOLE   12,242 0 0
Piedmont Office Realty Trust COM 720190206 324 19,000 SH   SOLE   19,000 0 0
Plains GP Holdings LP COM 72651a207 201 10,000 SH   SOLE   10,000 0 0
Preferred Apartment Communitie COM 74039l103 6,455 459,120 SH   SOLE   459,120 0 0
ProLogis Inc COM 74340w103 626 10,667 SH   SOLE   10,667 0 0
Procter & Gamble Co COM 742718109 17,524 190,649 SH   SOLE   190,649 0 0
Public Service Enterprise Grou COM 744573106 3,333 64,026 SH   SOLE   64,026 0 0
Putnam Premier Income Trust COM 746853100 50 10,759 SH   SOLE   10,759 0 0
Qualcomm Inc COM 747525103 531 9,327 SH   SOLE   9,327 0 0
Quest Diagnostics COM 74834l100 229 2,745 SH   SOLE   2,745 0 0
Raytheon Company COM 755111507 3,674 23,959 SH   SOLE   23,959 0 0
Realty Income Corp COM 756109104 12,694 201,359 SH   SOLE   201,359 0 0
Roche Holdings LTD-Spons ADR COM 771195104 1,505 48,417 SH   SOLE   48,417 0 0
Rockwell Automation Inc COM 773903109 205 1,360 SH   SOLE   1,360 0 0
Roper Technologies Inc COM 776696106 269 1,010 SH   SOLE   1,010 0 0
Royal Dutch Shell Plc-ADR A COM 780259206 588 10,085 SH   SOLE   10,085 0 0
S&P Global Inc COM 78409v104 1,499 8,820 SH   SOLE   8,820 0 0
SAP SE-Sponsored ADR COM 803054204 507 5,096 SH   SOLE   5,096 0 0
SPDR Communication Services Se COM 81369y852 14,354 347,718 SH   SOLE   347,718 0 0
SPDR Consumer Discretionary Se COM 81369y407 27,535 278,108 SH   SOLE   278,108 0 0
SPDR Consumer Staples Select S COM 81369y308 15,103 297,425 SH   SOLE   297,425 0 0
SPDR Dow Jones Industrial Aver COM 78467x109 1,276 5,471 SH   SOLE   5,471 0 0
SPDR Energy Select Sector COM 81369y506 10,505 183,168 SH   SOLE   183,168 0 0
SPDR Financial Select Sector COM 81369y605 18,965 796,166 SH   SOLE   796,166 0 0
SPDR Gold Trust COM 78463v107 1,375 11,338 SH   SOLE   11,338 0 0
SPDR Health Care Select Sector COM 81369y209 29,862 345,181 SH   SOLE   345,181 0 0
SPDR Industrial Select Sector COM 81369y704 13,346 207,209 SH   SOLE   207,209 0 0
SPDR Materials Select Sector COM 81369y100 3,954 78,261 SH   SOLE   78,261 0 0
SPDR NYSE Technology ETF COM 78464a102 364 6,114 SH   SOLE   6,114 0 0
SPDR Real Estate Sector COM 81369y860 286 9,221 SH   SOLE   9,221 0 0
SPDR S&P 500 Index Trust Serie COM 78462f103 34,419 137,721 SH   SOLE   137,721 0 0
SPDR S&P Aerospace & Defense E COM 78464a631 495 6,268 SH   SOLE   6,268 0 0
SPDR S&P Biotech ETF COM 78464a870 410 5,710 SH   SOLE   5,710 0 0
SPDR S&P Dividend COM 78464a763 11,026 123,166 SH   SOLE   123,166 0 0
SPDR S&P MidCap 400 ETF Trust COM 78467y107 9,629 31,813 SH   SOLE   31,813 0 0
SPDR S&P Regional Banking COM 78464a698 2,080 44,445 SH   SOLE   44,445 0 0
SPDR Technology Select Sector COM 81369y803 55,795 900,213 SH   SOLE   900,213 0 0
SPDR Utilities Select Sector COM 81369y886 2,691 50,850 SH   SOLE   50,850 0 0
Salesforce.Com Inc COM 79466l302 5,093 37,183 SH   SOLE   37,183 0 0
Schwab (Charles) Corp COM 808513105 1,178 28,361 SH   SOLE   28,361 0 0
Schwab US Broad Market ETF COM 808524102 2,127 35,493 SH   SOLE   35,493 0 0
Schwab US Dividend Equity ETF COM 808524797 4,673 99,489 SH   SOLE   99,489 0 0
Schwab US Large-Cap ETF COM 808524201 504 8,449 SH   SOLE   8,449 0 0
Schwab US Mid-Cap ETF COM 808524508 1,437 29,977 SH   SOLE   29,977 0 0
Sempra Energy COM 816851109 3,348 30,944 SH   SOLE   30,944 0 0
Sherwin Williams Co COM 824348106 841 2,139 SH   SOLE   2,139 0 0
Southern Co COM 842587107 902 20,541 SH   SOLE   20,541 0 0
Spectral Medical Inc COM 847577103 5 25,000 SH   SOLE   25,000 0 0
Stanley Black & Decker Inc COM 854502101 5,015 41,884 SH   SOLE   41,884 0 0
Starbucks Corp COM 855244109 8,704 135,153 SH   SOLE   135,153 0 0
Starwood Property Trust COM 85571b105 198 10,064 SH   SOLE   10,064 0 0
State Street Corp COM 857477103 227 3,606 SH   SOLE   3,606 0 0
Stryker Corp COM 863667101 200 1,276 SH   SOLE   1,276 0 0
Sysco Corp COM 871829107 1,015 16,191 SH   SOLE   16,191 0 0
T Rowe Price Group Inc COM 74144t108 231 2,497 SH   SOLE   2,497 0 0
TJX Companies Inc COM 872540109 413 9,235 SH   SOLE   9,235 0 0
Taiwan Semiconductor-Sp ADR COM 874039100 294 7,966 SH   SOLE   7,966 0 0
Target Corp COM 87612e106 757 11,447 SH   SOLE   11,447 0 0
Tesla Inc COM 88160r101 967 2,905 SH   SOLE   2,905 0 0
Texas Instruments Inc COM 882508104 584 6,183 SH   SOLE   6,183 0 0
Thermo Fisher Scientific Inc COM 883556102 735 3,282 SH   SOLE   3,282 0 0
Toronto Dominion Bank COM 891160509 2,534 50,959 SH   SOLE   50,959 0 0
Total S A -Spon ADR COM 89151e109 370 7,098 SH   SOLE   7,098 0 0
Toyota Motor Corp -Spon ADR COM 892331307 486 4,187 SH   SOLE   4,187 0 0
Travelers Cos Inc/The COM 89417e109 2,795 23,340 SH   SOLE   23,340 0 0
Tri-Valley Corporation COM 895735108 0 30,600 SH   SOLE   30,600 0 0
U S Bancorp COM 902973304 5,728 125,339 SH   SOLE   125,339 0 0
UDR Inc COM 902653104 258 6,500 SH   SOLE   6,500 0 0
Unilever N V -NY Shares COM 904784709 2,887 53,664 SH   SOLE   53,664 0 0
Unilever Plc-Sponsored ADR COM 904767704 1,264 24,193 SH   SOLE   24,193 0 0
Union Pacific Corp COM 907818108 1,979 14,320 SH   SOLE   14,320 0 0
United Parcel Service-Cl B COM 911312106 8,714 89,352 SH   SOLE   89,352 0 0
United Technologies Corp COM 913017109 2,276 21,379 SH   SOLE   21,379 0 0
UnitedHealth Group Inc COM 91324P102 2,589 10,394 SH   SOLE   10,394 0 0
VF Corporation COM 918204108 410 5,744 SH   SOLE   5,744 0 0
Valero Energy Corp COM 91913Y100 493 6,571 SH   SOLE   6,571 0 0
VanEck Vectors Pharmaceutical COM 92189f692 306 5,588 SH   SOLE   5,588 0 0
Vanguard Communication Service COM 92204a884 9,906 133,740 SH   SOLE   133,740 0 0
Vanguard Consumer Discretionar COM 92204a108 3,125 20,758 SH   SOLE   20,758 0 0
Vanguard Consumer Staples Vipe COM 92204a207 2,008 15,311 SH   SOLE   15,311 0 0
Vanguard Developed Mkts COM 921943858 609 16,425 SH   SOLE   16,425 0 0
Vanguard Dividend Appreciation COM 921908844 1,094 11,173 SH   SOLE   11,173 0 0
Vanguard Energy ETF COM 92204a306 2,067 26,802 SH   SOLE   26,802 0 0
Vanguard FTSE Europe ETF COM 922042874 464 9,550 SH   SOLE   9,550 0 0
Vanguard Financials ETF COM 92204a405 2,612 44,009 SH   SOLE   44,009 0 0
Vanguard Health Care Vipers COM 92204a504 1,694 10,548 SH   SOLE   10,548 0 0
Vanguard High Div Yield COM 921946406 2,816 36,110 SH   SOLE   36,110 0 0
Vanguard Industrials ETF COM 92204a603 2,576 21,397 SH   SOLE   21,397 0 0
Vanguard Info Tech ETF COM 92204a702 5,526 33,121 SH   SOLE   33,121 0 0
Vanguard Large-Cap Vipers ETF COM 922908637 213 1,855 SH   SOLE   1,855 0 0
Vanguard Materials ETF COM 92204a801 948 8,556 SH   SOLE   8,556 0 0
Vanguard Mid-Cap COM 922908629 2,245 16,248 SH   SOLE   16,248 0 0
Vanguard Real Estate ETF COM 922908553 340 4,560 SH   SOLE   4,560 0 0
Vanguard S&P 500 ETF COM 922908363 3,178 13,830 SH   SOLE   13,830 0 0
Vanguard Small-Cap Vipers COM 922908751 1,787 13,537 SH   SOLE   13,537 0 0
Vanguard Total Stock Market COM 922908769 16,603 130,087 SH   SOLE   130,087 0 0
Varian Medical Systems Inc COM 92220P105 2,392 21,109 SH   SOLE   21,109 0 0
Verisk Analytics Inc-Class A COM 92345Y106 809 7,415 SH   SOLE   7,415 0 0
Verizon Communications Inc COM 92343v104 25,648 456,211 SH   SOLE   456,211 0 0
Visa Inc-Class A Shares COM 92826c839 12,350 93,601 SH   SOLE   93,601 0 0
Vornado Realty Trust COM 929042109 4,354 70,199 SH   SOLE   70,199 0 0
Voya Prime Rate Trust COM 92913a100 359 80,056 SH   SOLE   80,056 0 0
WEC Energy Group Inc COM 92939u106 2,879 41,574 SH   SOLE   41,574 0 0
Wal-Mart Stores Inc COM 931142103 4,815 51,691 SH   SOLE   51,691 0 0
Walgreens Boots Alliance Inc COM 931427108 9,710 142,110 SH   SOLE   142,110 0 0
Waste Management Inc COM 94106l109 17,738 199,330 SH   SOLE   199,330 0 0
Wells Fargo & Company COM 949746101 22,113 479,890 SH   SOLE   479,890 0 0
Westamerica Bancorportaion COM 957090103 413 7,415 SH   SOLE   7,415 0 0
White Mountains Insurance Grou COM g9618e107 569 663 SH   SOLE   663 0 0
Williams Cos Inc COM 969457100 329 14,903 SH   SOLE   14,903 0 0
Williams-Sonoma Inc COM 969904101 520 10,300 SH   SOLE   10,300 0 0
Workday Inc-Class A COM 98138h101 914 5,725 SH   SOLE   5,725 0 0
Xcel Energy Inc COM 98389b100 294 5,971 SH   SOLE   5,971 0 0
Xylem Inc COM 98419m100 224 3,360 SH   SOLE   3,360 0 0
Yum! Brands Inc COM 988498101 254 2,761 SH   SOLE   2,761 0 0
Zebra Technologies Corp-Cl A COM 989207105 223 1,400 SH   SOLE   1,400 0 0
Zimmer Biomet Holdings Inc COM 98956p102 3,595 34,657 SH   SOLE   34,657 0 0
iShares Barclays Agg Bond COM 464287226 530 4,975 SH   SOLE   4,975 0 0
iShares Core Dividend Growth COM 46434v621 1,176 35,437 SH   SOLE   35,437 0 0
iShares DJ Select Dividend Ind COM 464287168 7,455 83,469 SH   SOLE   83,469 0 0
iShares DJ US Energy Sector COM 464287796 265 8,490 SH   SOLE   8,490 0 0
iShares DJ US Financial Sect COM 464287788 1,256 11,807 SH   SOLE   11,807 0 0
iShares DJ US Health Car Pro COM 464288828 340 2,061 SH   SOLE   2,061 0 0
iShares DJ US Medical Device COM 464288810 346 1,731 SH   SOLE   1,731 0 0
iShares DJ US Transport Index COM 464287192 1,673 10,136 SH   SOLE   10,136 0 0
iShares Evolved US Technology COM 46431w648 458 19,889 SH   SOLE   19,889 0 0
iShares Goldman Sachs Tech I COM 464287721 476 2,979 SH   SOLE   2,979 0 0
iShares MSCI EAFE Index COM 464287465 1,076 18,313 SH   SOLE   18,313 0 0
iShares MSCI USA Quality Facto COM 46432f339 775 10,102 SH   SOLE   10,102 0 0
iShares Nasdaq Biotech Index F COM 464287556 5,356 55,539 SH   SOLE   55,539 0 0
iShares Russell 1000 Growth COM 464287614 850 6,496 SH   SOLE   6,496 0 0
iShares Russell 1000 Value COM 464287598 514 4,632 SH   SOLE   4,632 0 0
iShares Russell 2000 Index Fun COM 464287655 372 2,780 SH   SOLE   2,780 0 0
iShares S&P 100 Index Fund COM 464287101 2,093 18,769 SH   SOLE   18,769 0 0
iShares S&P 500 Index Fund COM 464287200 5,909 23,486 SH   SOLE   23,486 0 0
iShares S&P 500 Value Index Fu COM 464287408 202 2,000 SH   SOLE   2,000 0 0
iShares S&P Europe 350 COM 464287861 387 9,885 SH   SOLE   9,885 0 0
iShares S&P Global 100 COM 464287572 716 16,882 SH   SOLE   16,882 0 0
iShares S&P Midcap 400 COM 464287507 1,593 9,595 SH   SOLE   9,595 0 0
iShares S&P Midcap 400/Value COM 464287705 475 3,432 SH   SOLE   3,432 0 0
iShares S&P North American Tec COM 464287515 338 1,949 SH   SOLE   1,949 0 0
iShares S&P SmallCap 600 COM 464287804 493 7,110 SH   SOLE   7,110 0 0
iShares S&P US Preferred Stock COM 464288687 3,886 113,518 SH   SOLE   113,518 0 0
AGNC Investment Corp 7.75. Per PFD 00123q302 1,109 43,836 SH   SOLE   43,836 0 0
AON Cap 8.205. 1/27 Non-Call B PFD 22532r101 1,667 57,644 SH   SOLE   57,644 0 0
Algonquin Power 6.875.Sr Note PFD 015857709 1,121 44,875 SH   SOLE   44,875 0 0
Allied Capital ARCC6.875. 4/47 PFD 01903q207 224 9,045 SH   SOLE   9,045 0 0
Allstate 6.625. Prp/Cl 4/19 NC PFD 020002879 256 10,198 SH   SOLE   10,198 0 0
American Homes 4Rent 6.50. Prp PFD 02665t702 488 21,689 SH   SOLE   21,689 0 0
Amtrust Financial 7.5. QDI Cal PFD 032359887 195 15,384 SH   SOLE   15,384 0 0
Amtrust Financial 7.625.CUM QD PFD 032359705 454 35,467 SH   SOLE   35,467 0 0
Amtrust Financial 7.75. QDI Ca PFD 032359846 325 25,296 SH   SOLE   25,296 0 0
Annaly Capital6.50.CUM Fix-Flo PFD 035710862 233 10,019 SH   SOLE   10,019 0 0
Apollo Cmmrl Real Est 8.00. CU PFD 03762u501 527 21,422 SH   SOLE   21,422 0 0
Arbor Realty 8.50. CUM Perp Ca PFD 038923801 240 9,163 SH   SOLE   9,163 0 0
Argo Group 6.5. Sr Notes Call PFD 040130205 1,403 56,239 SH   SOLE   56,239 0 0
Arlington Asset Inv 7.00. Cum PFD 041356601 472 21,701 SH   SOLE   21,701 0 0
Ashford Hospitality 7.375. NR PFD 044103604 508 27,337 SH   SOLE   27,337 0 0
Ashford Hospitality 7.5. Calla PFD 044103885 264 13,900 SH   SOLE   13,900 0 0
Atlas Finl SrNt 6.625. Cl 4/20 PFD g06207123 440 17,025 SH   SOLE   17,025 0 0
Axos Finl 6.25.Sr Nts 2/2026 C PFD 05465c209 209 8,450 SH   SOLE   8,450 0 0
B Riley Financial 7.375.SnNtsD PFD 05580m504 381 15,500 SH   SOLE   15,500 0 0
B Riley Financial 7.50.SnNts D PFD 05580m306 2,507 105,475 SH   SOLE   105,475 0 0
B Riley Financial 7.50.SnNts d PFD 05580m207 446 17,745 SH   SOLE   17,745 0 0
BancOfCalifornia 7.00. Cal2021 PFD 05990k874 1,737 70,550 SH   SOLE   70,550 0 0
BancOfCalifornia 7.375. Ca2020 PFD 05990k882 6,723 267,836 SH   SOLE   267,836 0 0
Bank of America 6.5. Prp Cl 1/ PFD 060505310 437 17,199 SH   SOLE   17,199 0 0
Bank of America 6.625. Prp/Cl9 PFD 060505344 2,316 91,020 SH   SOLE   91,020 0 0
BankofAmerica .1000pv 7.25.Cnv PFD 060505682 6,088 4,861 SH   SOLE   4,861 0 0
BlueRock Residential Growth 7. PFD 09627j748 1,430 59,544 SH   SOLE   59,544 0 0
BlueRock Residential Growth 8. PFD 09627j508 3,501 138,376 SH   SOLE   138,376 0 0
Braemar Hotels&Resorts 8.25. P PFD 10482b309 497 22,782 SH   SOLE   22,782 0 0
Brookfield Ppty 6.375. Call 2/ PFD 11282x202 319 14,400 SH   SOLE   14,400 0 0
Brunswick SrNts 6.50. Call10/2 PFD 117043406 1,868 74,300 SH   SOLE   74,300 0 0
Brunswick SrNts 6.625.Call10/2 PFD 117043505 428 18,100 SH   SOLE   18,100 0 0
CAI Internatnl 8.50.Perp Cum Q PFD 12477x205 2,145 93,577 SH   SOLE   93,577 0 0
CAI Internatnl 8.50.Perp Cum Q PFD 12477x304 494 21,700 SH   SOLE   21,700 0 0
CHS Chemical 7.50. Cl 1/2025 C PFD 12542r803 6,350 251,386 SH   SOLE   251,386 0 0
CHS Chemicals 6.75. Perp cl 20 PFD 12542r704 304 12,646 SH   SOLE   12,646 0 0
CHS Chemicals 7.875. Perp cl 2 PFD 12542r308 334 12,997 SH   SOLE   12,997 0 0
CHS Inc. 7.1. fxd to float in PFD 12542r506 204 8,257 SH   SOLE   8,257 0 0
Capital One Finl 6.7.Prp Call PFD 14040h709 1,518 59,864 SH   SOLE   59,864 0 0
ChickenSoup4Soul 9.75.QDI Call PFD 16842q209 370 15,092 SH   SOLE   15,092 0 0
Chimera Investment Corp 7.75. PFD 16934q505 1,221 49,780 SH   SOLE   49,780 0 0
Chimera Investment Corp 8. Cal PFD 16934q307 280 11,228 SH   SOLE   11,228 0 0
Chimera Investment Corp 8. Cal PFD 16934q406 536 20,984 SH   SOLE   20,984 0 0
Citigroup 6.875. BB Called 2/ PFD 172967333 259 10,174 SH   SOLE   10,174 0 0
Citigroup 7.125. Flt Aftr 9/23 PFD 172967358 5,958 227,497 SH   SOLE   227,497 0 0
Citigroup Tst 7.875. Cl2015 Li PFD 173080201 913 34,545 SH   SOLE   34,545 0 0
City Office REIT 6.625. CUM Ca PFD 178587200 246 10,911 SH   SOLE   10,911 0 0
Colony Capital 7.125. CUM Call PFD 19626g702 3,063 165,946 SH   SOLE   165,946 0 0
Colony Capital 7.125. CUM Call PFD 19626g603 264 14,300 SH   SOLE   14,300 0 0
Colony Capital 7.125. CUM Call PFD 19626g504 547 29,622 SH   SOLE   29,622 0 0
Colony Capital 7.50. CUM Call PFD 19626g405 1,569 78,454 SH   SOLE   78,454 0 0
Colony Capital 8.75. CUM Call PFD 19626g306 544 23,492 SH   SOLE   23,492 0 0
CoreEnergy 7.375. Pfd - Par Ca PFD 21870u304 1,964 83,556 SH   SOLE   83,556 0 0
Cowen 7.35. Sn Notes 2027 Call PFD 223622705 1,355 56,975 SH   SOLE   56,975 0 0
Cowen 7.75. Snr Notes 2033 Cl PFD 223622804 1,537 65,425 SH   SOLE   65,425 0 0
Crown Castle Intl 6.875. MndCo PFD 22822v309 329 313 SH   SOLE   313 0 0
Customers Bk 7.00. Fx Flt Prp/ PFD 23204g407 272 10,944 SH   SOLE   10,944 0 0
Digital Realty 7.375. Perp CUM PFD 253868871 1,782 70,700 SH   SOLE   70,700 0 0
Dynagas LNG 8.75. QDI Perp Cal PFD y2188b124 318 17,685 SH   SOLE   17,685 0 0
Dynagas LNG 9.0. QDI CUM cl 2 PFD Y2188b116 855 41,490 SH   SOLE   41,490 0 0
EBAY 6.00. Sr Notes Call 3/1/2 PFD 278642202 261 10,260 SH   SOLE   10,260 0 0
EaglePoint Credit 6.625. Nts D PFD 269809505 1,244 51,875 SH   SOLE   51,875 0 0
EaglePoint Credit 7.75. Due 10 PFD 269809307 247 9,727 SH   SOLE   9,727 0 0
EaglePoint Credit 7.75.2022 CU PFD 269809109 592 23,351 SH   SOLE   23,351 0 0
Enstar Group 7.0. Perp Call 9/ PFD 29359u109 844 36,065 SH   SOLE   36,065 0 0
Fidus Investment 5.875.Notes D PFD 316500206 603 23,425 SH   SOLE   23,425 0 0
GasLog LP 8.625.fxd/flt Cum Q PFD y2687w116 907 41,511 SH   SOLE   41,511 0 0
GasLog Ltd 8.375. Ser A CUM QD PFD y2687w124 1,143 56,223 SH   SOLE   56,223 0 0
GasLog Ltd 8.75. Ser A CUM QDI PFD g37585117 1,384 54,502 SH   SOLE   54,502 0 0
Gladstone 7.00. CUM Perp Call PFD 376536603 5,479 235,363 SH   SOLE   235,363 0 0
Gladstone Investment 6.25. CUM PFD 376546503 551 22,040 SH   SOLE   22,040 0 0
GladstoneCapital(GLAD)6.125.5Y PFD 376535605 240 10,000 SH   SOLE   10,000 0 0
Global Indemnity SrNts7.75. Ca PFD g3933f121 1,763 73,815 SH   SOLE   73,815 0 0
Global Indmnty 7.875. Cl2022 b PFD g3933f139 1,022 42,650 SH   SOLE   42,650 0 0
Global Medical RE 7.50. CUM Pe PFD 37957w203 628 25,649 SH   SOLE   25,649 0 0
Global Net Lease 7.25.Perp Cum PFD 379378300 1,609 65,189 SH   SOLE   65,189 0 0
Golar LNG 8.75. Perp QDI Call PFD y2745c110 1,381 58,163 SH   SOLE   58,163 0 0
Goldman 5.5. Flt Aftr 5/23 Cl PFD 38145g308 1,631 67,416 SH   SOLE   67,416 0 0
Great Elm Capital 6.75.SnNts M PFD 390320406 445 18,325 SH   SOLE   18,325 0 0
Hanover Insurance6.35. Cl3/18 PFD 410867204 1,149 46,321 SH   SOLE   46,321 0 0
Hartford Finl 7.875. 2042 call PFD 416518504 1,564 57,199 SH   SOLE   57,199 0 0
Hoegh LNG Partners 8.75. QDI PFD y3262r118 1,110 45,874 SH   SOLE   45,874 0 0
Horizon Technology Fin 6.25.Sr PFD 44045a300 322 12,950 SH   SOLE   12,950 0 0
IberiaBank Corp 6.60. Call 5/1 PFD 450828504 659 25,663 SH   SOLE   25,663 0 0
Invesco Mortgage 7.75.Perp CUM PFD 46131b209 457 18,726 SH   SOLE   18,726 0 0
JMP Group 8.00. SrDeb Due1/202 PFD 46629u206 291 11,668 SH   SOLE   11,668 0 0
JMP Group SrNts7.25. BBB- 11/2 PFD 466273109 961 44,850 SH   SOLE   44,850 0 0
JPMorgan Chase 6.70.Perp CALLE PFD 48127a161 1,550 61,012 SH   SOLE   61,012 0 0
Jernigan Capital 7.00. CUM PER PFD 476405204 562 25,552 SH   SOLE   25,552 0 0
Just Energy 8.50.Perp Call3/20 PFD 48213w200 446 24,200 SH   SOLE   24,200 0 0
KKR Inc 6.75. Pfd Call 6/15/20 PFD 48251w203 511 19,763 SH   SOLE   19,763 0 0
Ladenburg Thalmann 7.25.SnNte PFD 50575q409 1,658 73,775 SH   SOLE   73,775 0 0
Landenburg Thalman 7.00.SnNte PFD 50575q110 628 28,000 SH   SOLE   28,000 0 0
M&T Bank 6.375. Cl 11/18 BBB- PFD 55261f708 384 384 SH   SOLE   384 0 0
MFA Financial 7.5. Prp Cl 4/15 PFD 55272x409 217 8,931 SH   SOLE   8,931 0 0
MVC Capital 6.25. SrNts Due12/ PFD 553829409 469 18,750 SH   SOLE   18,750 0 0
Morgan Stanley 6.875. Prp/Cl 1 PFD 61763e207 473 18,275 SH   SOLE   18,275 0 0
Morgan Stanley 7.125.Flt 10/23 PFD 61762v200 3,695 140,112 SH   SOLE   140,112 0 0
National General 7.5. NA Cl Q PFD 636220857 3,522 177,234 SH   SOLE   177,234 0 0
National General 7.50.Call4/20 PFD 636220808 1,865 93,874 SH   SOLE   93,874 0 0
National General 7.625. Call9/ PFD 636220873 1,351 59,787 SH   SOLE   59,787 0 0
National General7.50.Call 7/20 PFD 636220709 1,509 75,011 SH   SOLE   75,011 0 0
New York MtgTrust 7.875.Perp C PFD 649604808 255 11,506 SH   SOLE   11,506 0 0
NewTek Business Svs 6.25. Nts PFD 652526500 1,086 43,450 SH   SOLE   43,450 0 0
NewTek Business Svs 7.50. Nts PFD 652526302 522 20,511 SH   SOLE   20,511 0 0
Nisource 6.50. Perp QDI Call 3 PFD 65473p881 1,289 51,470 SH   SOLE   51,470 0 0
NuStar Logistics 7.625.Nts Cl PFD 67059t204 1,863 78,157 SH   SOLE   78,157 0 0
OFS Capital 6.375 SnNts 4/2025 PFD 67103b308 728 30,000 SH   SOLE   30,000 0 0
Oxford Lane Cap6.75. Nts 6/202 PFD 691543508 899 35,684 SH   SOLE   35,684 0 0
Partner Re 6.50.Perp Cal 4/202 PFD g68603136 2,722 110,320 SH   SOLE   110,320 0 0
Partner Re 7.25. Call 06/21 BB PFD g68603144 5,962 236,668 SH   SOLE   236,668 0 0
Pebblebrook Hotel 6.3. Perp/Ca PFD 70509v704 205 8,708 SH   SOLE   8,708 0 0
Pebblebrook Hotel 6.375. Perp/ PFD 70509v605 219 9,124 SH   SOLE   9,124 0 0
PennyMac Mtg 8.125. 2024 Libor PFD 70931t301 421 17,719 SH   SOLE   17,719 0 0
Plymouth Industrial 7.50. CUM PFD 729640201 366 16,460 SH   SOLE   16,460 0 0
Priority Income Fund6.375.SnNt PFD 74274w103 385 15,925 SH   SOLE   15,925 0 0
Prospect Cap 6.25. 6/24 SrNts PFD 74348t300 2,352 96,156 SH   SOLE   96,156 0 0
Prudential PLC 6.75. PrpCl 9/0 PFD g7293h114 372 14,677 SH   SOLE   14,677 0 0
QTS Realty 7.125. Perp Cum Cl PFD 74736a202 643 27,956 SH   SOLE   27,956 0 0
Quest USWest 7.0. SrNts 2/56 C PFD 74913g808 2,758 133,293 SH   SOLE   133,293 0 0
Quest USWestSnNotes 6.875. CL PFD 74913g105 1,923 97,445 SH   SOLE   97,445 0 0
Qwest Corp 6.5. Sr Note 9/56 C PFD 74913g881 1,150 61,375 SH   SOLE   61,375 0 0
Qwest Corp 6.75. SrNote 6/57 C PFD 74913g873 695 36,600 SH   SOLE   36,600 0 0
RLJ Lodging .1.95 Cnv@89.09 B- PFD 74965l200 538 21,719 SH   SOLE   21,719 0 0
Ready Capital Sr 6.5. 4/2021BB PFD 75574u309 544 21,665 SH   SOLE   21,665 0 0
Regions Financial 6.375. Cl 12 PFD 7591ep308 389 15,582 SH   SOLE   15,582 0 0
Reinsurance Group ofAmer 6.2. PFD 759351703 225 9,000 SH   SOLE   9,000 0 0
SL Green Realty 6.5. Perp CUM PFD 78440x507 1,353 53,629 SH   SOLE   53,629 0 0
SoCalEd 5.375. CUM cl 2025 QDI PFD 78409g206 638 31,451 SH   SOLE   31,451 0 0
Sotherly Hotels 7.25. SrNt2021 PFD 83600e307 649 25,550 SH   SOLE   25,550 0 0
Sotherly Hotels 7.875. Cum Per PFD 83600c400 1,032 47,127 SH   SOLE   47,127 0 0
Sotherly Hotels 8. Cum Perp C PFD 83600c301 2,917 117,816 SH   SOLE   117,816 0 0
Spark Energy 8.75. Call 2022 Q PFD 846511202 423 22,882 SH   SOLE   22,882 0 0
Sunstone Hotel 6.95. Prp/Cl 3/ PFD 867892606 726 28,742 SH   SOLE   28,742 0 0
Telephone & Data 6.875. Cl 11/ PFD 879433845 1,772 76,525 SH   SOLE   76,525 0 0
Telephone & Data 7.0. Cl 3/16 PFD 879433837 572 24,552 SH   SOLE   24,552 0 0
Texas Capitl Bancshares6.50. 2 PFD 882228307 423 16,817 SH   SOLE   16,817 0 0
Torchmark Crp 6.125. SubDebCal PFD 891027401 755 30,050 SH   SOLE   30,050 0 0
TriState Capital Hlds 6.75. Pe PFD 89678f209 1,340 51,573 SH   SOLE   51,573 0 0
Two Harbors Investments 7.625. PFD 90187b309 278 11,218 SH   SOLE   11,218 0 0
Two Harbors Investments 8.125. PFD 90187b200 597 22,829 SH   SOLE   22,829 0 0
UMH Properties 8.0. Perp Cum C PFD 903002301 555 21,758 SH   SOLE   21,758 0 0
US Bancorp 6.5. Flt Aftr 1/22 PFD 902973833 1,384 52,259 SH   SOLE   52,259 0 0
US Celllular SrNts 7.25. 2063 PFD 911684504 545 23,125 SH   SOLE   23,125 0 0
US Cellular 6.95.SrNT 2060 Cl PFD 911684405 340 15,125 SH   SOLE   15,125 0 0
US Cellular 7.25. SrNts12/2064 PFD 911684603 1,624 68,702 SH   SOLE   68,702 0 0
VEREIT Inc 6.70. Perp CUM Cl 2 PFD 92339v209 737 31,152 SH   SOLE   31,152 0 0
Wells Fargo 5.85.Flt Aftr 9/23 PFD 949746556 1,006 40,947 SH   SOLE   40,947 0 0
Wells Fargo 6.375. Cl 12/19 BB PFD 94988n207 722 28,829 SH   SOLE   28,829 0 0
Wells Fargo 7.5. Cnv@.156 .100 PFD 949746804 16,805 13,317 SH   SOLE   13,317 0 0
WinTrust Financial 6.50. Call PFD 97650w405 253 10,088 SH   SOLE   10,088 0 0
American Express Cp 5.2. - Cal PFD 025816BJ7 699 710,000 PRN   SOLE   710,000 0 0
Bank of America 5.20. Perp/Cal PFD 060505ED2 2,552 2,665,000 PRN   SOLE   2,665,000 0 0
Bank of NY Mellon - Call 6/20/ PFD 064058AD2 929 950,000 PRN   SOLE   950,000 0 0
Charles Schwab 4.625. Perp/Cal PFD 808513AP0 660 705,000 PRN   SOLE   705,000 0 0
Charles Schwab 7. Perp/Call 2/ PFD 808513AE5 1,248 1,212,000 PRN   SOLE   1,212,000 0 0
Citigroup 5.35. Perp/Call 5/23 PFD 172967GR6 681 765,000 PRN   SOLE   765,000 0 0
Citigroup 5.875. Perp/Call 3/2 PFD 172967JK8 340 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc - Callable 11/15 PFD 172967HZ7 341 350,000 PRN   SOLE   350,000 0 0
Citigroup Inc 5.95. Perp Call PFD 172967GD7 1,047 1,150,000 PRN   SOLE   1,150,000 0 0
Citigroup Inc 6.125. Perp Call PFD 172967KD2 538 550,000 PRN   SOLE   550,000 0 0
Citigroup Inc Fix-to-Float Per PFD 172967GF2 833 900,000 PRN   SOLE   900,000 0 0
Fifth Third Bancorp 4.9. until PFD 316773CR9 654 685,000 PRN   SOLE   685,000 0 0
Goldman Sachs 5. Perp/Call 11/ PFD 38148BAD0 602 715,000 PRN   SOLE   715,000 0 0
Goldman Sachs 5.375 Perp/Call PFD 38148BAB4 569 590,000 PRN   SOLE   590,000 0 0
Goldman Sachs 5.7 Perp/Call 5/ PFD 38148BAA6 1,197 1,215,000 PRN   SOLE   1,215,000 0 0
JPMorgan 5.3. Perp/Call 5/1/20 PFD 46625HKK5 246 250,000 PRN   SOLE   250,000 0 0
JPMorgan 6.0. Perp/Call 8/23 - PFD 48126HAA8 3,525 3,615,000 PRN   SOLE   3,615,000 0 0
JPMorgan 7.9. Perp/Call 4/18 - PFD 46625HHA1 2,225 2,253,000 PRN   SOLE   2,253,000 0 0
MetLife Inc. 5.25. Call 6/15/2 PFD 59156RBP2 661 685,000 PRN   SOLE   685,000 0 0
Morgan Stanley 5.45. Perp/Call PFD 61761JQK8 588 600,000 PRN   SOLE   600,000 0 0
So. Cal Edison 6.25. Perp/Call PFD 842400FU2 538 565,000 PRN   SOLE   565,000 0 0
Stanley Black & Decker Callabl PFD 854502AF8 1,130 1,145,000 PRN   SOLE   1,145,000 0 0
State Street Corp Perp/Call 5. PFD 857477AQ6 198 200,000 PRN   SOLE   200,000 0 0
Suntrust Bank 5.05. Call 2022- PFD 867914BN2 707 815,000 PRN   SOLE   815,000 0 0
US Bancorp - Callable 1/15/21 PFD 902973AY2 298 300,000 PRN   SOLE   300,000 0 0
Wachovia (WFC) Perp/Call 2/11 PFD 92978AAA0 2,430 2,700,000 PRN   SOLE   2,700,000 0 0
Wells Fargo & Company Perp/Cal PFD 949746PM7 744 752,000 PRN   SOLE   752,000 0 0