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
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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
Aflac, Inc. Common Stock 001055102 195,429 3,355 SH   SOLE   3,355 0 0
AMR Corporation Common Stock 001765106 121,394 80,929 SH   SOLE   80,929 0 0
CIA Paranaense De Energi Preference 2200154 785,130 57,455 SH   SOLE   57,455 0 0
Banco do Brasil S.A. Common Stock 2328595 178,479 17,170 SH   SOLE   17,170 0 0
Abbott Laboratories Common Stock 002824100 733,273 17,631 SH   SOLE   17,631 0 0
ITOCHU Corporation Common Stock 6467803 199,332 16,314 SH   SOLE   16,314 0 0
Marubeni Corporation Common Stock 6569464 198,438 28,986 SH   SOLE   28,986 0 0
Sino Land Company Ltd. Common Stock 6810429 198,636 128,539 SH   SOLE   128,539 0 0
Wheelock & Co Ltd Common Stock 6981488 239,619 50,154 SH   SOLE   50,154 0 0
Alliant Techsystems, Inc. Common Stock 018804104 510,943 4,003 SH   SOLE   4,003 0 0
American Axle & Mfg Holdings Common Stock 024061103 316,366 18,865 SH   SOLE   18,865 0 0
Amgen, Inc. Common Stock 031162100 766,069 5,454 SH   SOLE   5,454 0 0
Atlas Pipeline Partners L.P. MLP 049392103 220,401 6,045 SH   SOLE   6,045 0 0
CR Bard Inc. Common Stock 067383109 721,114 5,053 SH   SOLE   5,053 0 0
Baxter International, Inc. Common Stock 071813109 721,576 10,054 SH   SOLE   10,054 0 0
Blount International Inc Common Stock 095180105 717,692 47,435 SH   SOLE   47,435 0 0
Boston Scientific Corp. Common Stock 101137107 715,804 60,610 SH   SOLE   60,610 0 0
Buckeye Partners, L.P. MLP 118230101 931,549 11,697 SH   SOLE   11,697 0 0
Cigna Corp. Common Stock 125509109 1,408,597 15,532 SH   SOLE   15,532 0 0
Calpine Corporation Common Stock 131347304 699,413 32,231 SH   SOLE   32,231 0 0
Celgene Corp. Common Stock 151020104 765,064 8,072 SH   SOLE   8,072 0 0
Computer Sciences Corp. Common Stock 205363104 201,061 3,288 SH   SOLE   3,288 0 0
Cousins Properties, Inc REIT 222795106 774,205 64,787 SH   SOLE   64,787 0 0
Dean Foods Co. Common Stock 242370203 1,403,758 105,944 SH   SOLE   105,944 0 0
Delek US Holdings Inc Common Stock 246647101 1,657,888 50,057 SH   SOLE   50,057 0 0
Delta Air Lines Inc. Common Stock 247361702 190,077 5,258 SH   SOLE   5,258 0 0
Deluxe Corp. Common Stock 248019101 192,564 3,491 SH   SOLE   3,491 0 0
E.ON SE ADR 268780103 746,267 40,925 SH   SOLE   40,925 0 0
Edison International Common Stock 281020107 1,384,188 24,753 SH   SOLE   24,753 0 0
El Paso Pipeline Partners, LP MLP 283702108 757,136 18,853 SH   SOLE   18,853 0 0
Equity Commonwealth REIT 294628102 905,429 35,217 SH   SOLE   35,217 0 0
General Growth Properties Inc REIT 370023103 968,800 41,138 SH   SOLE   41,138 0 0
Hawaiian Electric Industries Common Stock 419870100 798,863 30,089 SH   SOLE   30,089 0 0
Hawaiian Holdings, Inc Common Stock 419879101 204,292 15,189 SH   SOLE   15,189 0 0
Hewlett Packard Co. Common Stock 428236103 217,644 6,136 SH   SOLE   6,136 0 0
ICahn Enterprises LP MLP 451100101 1,247,430 11,786 SH   SOLE   11,786 0 0
Ingredion Inc Common Stock 457187102 2,563,597 33,825 SH   SOLE   33,825 0 0
Integra LifeSciences Holdings Common Stock 457985208 753,486 15,179 SH   SOLE   15,179 0 0
iShares iBoxx $ Investment Grade Corporate Bond ETF ETP 464287242 4,986,638 42,181 SH   SOLE   42,181 0 0
iShares 20+ Year Treasury Bond ETF ETP 464287432 1,091,310 9,386 SH   SOLE   9,386 0 0
iShares JP Morgan USD Emerging Markets Bond ETF ETP 464288281 518,771 4,597 SH   SOLE   4,597 0 0
iShares iBoxx $ High Yield Corporate Bond ETF ETP 464288513 510,506 5,552 SH   SOLE   5,552 0 0
iShares Core US Credit Bond ETF ETP 464288620 4,996,941 45,213 SH   SOLE   45,213 0 0
iShares Intermediate Credit Bond ETF ETP 464288638 524,469 4,798 SH   SOLE   4,798 0 0
Kellogg Co. Common Stock 487836108 724,786 11,766 SH   SOLE   11,766 0 0
Knight Transportation Inc. Common Stock 499064103 235,362 8,593 SH   SOLE   8,593 0 0
Lexmark International Inc. Common Stock 529771107 184,620 4,344 SH   SOLE   4,344 0 0
Eli Lilly & Co. Common Stock 532457108 754,984 11,642 SH   SOLE   11,642 0 0
Lorillard Inc Common Stock 544147101 768,945 12,835 SH   SOLE   12,835 0 0
Magellan Midstream Partners LP MLP 559080106 972,532 11,553 SH   SOLE   11,553 0 0
Masimo Corporation Common Stock 574795100 729,883 34,299 SH   SOLE   34,299 0 0
Matrix Service Co Common Stock 576853105 154,440 6,403 SH   SOLE   6,403 0 0
Merit Medical Systems Inc. Common Stock 589889104 724,205 60,960 SH   SOLE   60,960 0 0
National Grid Transco - SP ADR ADR 636274300 1,775,652 24,703 SH   SOLE   24,703 0 0
Newell Rubbermaid, Inc. Common Stock 651229106 761,941 22,143 SH   SOLE   22,143 0 0
Patterson Cos Inc Common Stock 703395103 770,059 18,587 SH   SOLE   18,587 0 0
Pepco Holdings Inc. Common Stock 713291102 1,397,059 52,207 SH   SOLE   52,207 0 0
Pfizer Inc. Common Stock 717081103 2,189,836 74,056 SH   SOLE   74,056 0 0
Philip Morris Int'l Inc. Common Stock 718172109 749,683 8,989 SH   SOLE   8,989 0 0
Phillips 66 Common Stock 718546104 1,443,090 17,748 SH   SOLE   17,748 0 0
Portland General Electric Co Common Stock 736508847 723,888 22,537 SH   SOLE   22,537 0 0
Procter & Gamble Co. Common Stock 742718109 757,093 9,041 SH   SOLE   9,041 0 0
Public Service Enterprise Inc. Common Stock 744573106 1,330,250 35,721 SH   SOLE   35,721 0 0
Questar Corp. Common Stock 748356102 737,309 33,078 SH   SOLE   33,078 0 0
Rex American Resources Common Stock 761624105 204,210 2,802 SH   SOLE   2,802 0 0
St. Jude Medical, Inc. Common Stock 790849103 699,132 11,627 SH   SOLE   11,627 0 0
Snyder's - Lance Inc Common Stock 833551104 717,541 27,077 SH   SOLE   27,077 0 0
Southwestern Energy Co Common Stock 845467109 2,121,815 60,710 SH   SOLE   60,710 0 0
Sturm Ruger & Co Inc Common Stock 864159108 170,610 3,504 SH   SOLE   3,504 0 0
Teva Pharmaceutical Indus. Ltd ADR 881624209 2,676,105 49,788 SH   SOLE   49,788 0 0
Triumph Group Inc Common Stock 896818101 198,663 3,054 SH   SOLE   3,054 0 0
Tupperware Brands Corp. Common Stock 899896104 703,863 10,195 SH   SOLE   10,195 0 0
Unilever NV NY Reg Shrs 904784709 725,311 18,279 SH   SOLE   18,279 0 0
Universal Corp/VA Common Stock 913456109 1,481,516 33,375 SH   SOLE   33,375 0 0
Western Refining Inc Common Stock 959319104 1,571,896 37,435 SH   SOLE   37,435 0 0
Xerox Corp. Common Stock 984121103 224,103 16,939 SH   SOLE   16,939 0 0
US Silica Holdings Inc Common Stock 90346E103 237,038 3,792 SH   SOLE   3,792 0 0
Amerisource Bergen Corp. Common Stock 03073E105 748,032 9,677 SH   SOLE   9,677 0 0
Edwards Lifesciences Corp Common Stock 28176E108 2,931,296 28,696 SH   SOLE   28,696 0 0
AT&T Inc Note 00206RBK7 627,568 680,000 PRN   SOLE   680,000 0 0
Alcoa, Inc. Note 013817AV3 572,636 540,000 PRN   SOLE   540,000 0 0
Allstate Corp. Note 020002BB6 618,788 580,000 PRN   SOLE   580,000 0 0
Altria Group, Inc. Common Stock 02209S103 795,543 17,317 SH   SOLE   17,317 0 0
American Int'l Group Inc. Note 026874BS5 622,150 460,000 PRN   SOLE   460,000 0 0
Ameristar Casinos Inc.. Note 03070QAN1 890,340 852,000 PRN   SOLE   852,000 0 0
Amerigas Finance Note 03077JAB6 896,730 852,000 PRN   SOLE   852,000 0 0
Amgen, Inc. Note 031162BP4 623,134 570,000 PRN   SOLE   570,000 0 0
Apache Corp. Note 037411BA2 601,937 600,000 PRN   SOLE   600,000 0 0
Blackstone Group LP/The MLP 09253U108 3,462,454 109,989 SH   SOLE   109,989 0 0
Burger King Corp Note 121207AA2 949,500 900,000 PRN   SOLE   900,000 0 0
CCO Holdings LLC/ Chtr Note 1248EPBE2 608,475 610,000 PRN   SOLE   610,000 0 0
Cigna Corp. Note 125509BT5 608,152 550,000 PRN   SOLE   550,000 0 0
CME Group INC Note 12572QAF2 631,916 550,000 PRN   SOLE   550,000 0 0
CSX Corp. Note 126408GY3 622,882 660,000 PRN   SOLE   660,000 0 0
Cardinal Health, Inc. Common Stock 14149Y108 749,575 10,005 SH   SOLE   10,005 0 0
The Carlyle Group MLP 14309L102 3,315,449 108,846 SH   SOLE   108,846 0 0
Clear Channel Communications Note 184502BG6 2,462,918 2,466,000 PRN   SOLE   2,466,000 0 0
Coca-Cola Enterprises Inc. Common Stock 19122T109 731,718 16,495 SH   SOLE   16,495 0 0
Conagra Foods, Inc. Note 205887BS0 601,054 620,000 PRN   SOLE   620,000 0 0
Concho Resources Inc Note 20605PAE1 936,320 896,000 PRN   SOLE   896,000 0 0
Continental Resources Inc. Note 212015AL5 612,211 590,000 PRN   SOLE   590,000 0 0
Cott Corporation Common Stock 22163N106 682,411 99,332 SH   SOLE   99,332 0 0
DaVita HealthCare Partners Inc Note 23918KAP3 603,200 580,000 PRN   SOLE   580,000 0 0
Devon Energy Corp. Note 25179MAN3 609,116 610,000 PRN   SOLE   610,000 0 0
Diageo PLC ADR 25243Q205 724,712 6,280 SH   SOLE   6,280 0 0
DirectTV Holdings/Finance Note 25459HAX3 653,662 580,000 PRN   SOLE   580,000 0 0
Direxion Shares ETP 25459W540 1,694,942 25,400 SH   SOLE   25,400 0 0
Dow Chemical Co. Note 260543CE1 603,870 580,000 PRN   SOLE   580,000 0 0
Dreyfus Open-End Fund 26188J206 5,583,813 5,583,813 SH   SOLE   5,583,813 0 0
Dynegy Inc Common Stock 26817R108 1,222,365 42,355 SH   SOLE   42,355 0 0
EXCO Resources, Inc Note 269279AD7 960,000 1,000,000 PRN   SOLE   1,000,000 0 0
EBay, Inc. Note 278642AF0 597,047 680,000 PRN   SOLE   680,000 0 0
Emcor Group Inc Common Stock 29084Q100 183,536 4,593 SH   SOLE   4,593 0 0
Energy Transfer Partners LP MLP 29273R109 1,070,169 16,724 SH   SOLE   16,724 0 0
Energy Transfer Partners LP Note 29273RAR0 605,535 530,000 PRN   SOLE   530,000 0 0
Energy Transfer Equity LP MLP 29273V100 221,097 3,584 SH   SOLE   3,584 0 0
EnLink Midstream Partners LP MLP 29336U107 1,885,281 61,914 SH   SOLE   61,914 0 0
Enterprise Products Note 29379VAW3 628,827 610,000 PRN   SOLE   610,000 0 0
Equinix Inc. Note 29444UAM8 597,000 600,000 PRN   SOLE   600,000 0 0
Evercore Partners Inc-Cl A Common Stock 29977A105 796,086 16,938 SH   SOLE   16,938 0 0
Exelon Corp. Common Stock 30161N101 1,366,395 40,082 SH   SOLE   40,082 0 0
First Data Corporation Note 319963BB9 957,600 798,000 SH   SOLE   798,000 0 0
Fossil Group Inc Common Stock 34988V106 188,270 2,005 SH   SOLE   2,005 0 0
Freeport-McMoRan Inc. Note 35671DBC8 613,985 600,000 PRN   SOLE   600,000 0 0
Glaxosmithkline PLC ADR ADR 37733W105 739,795 16,093 SH   SOLE   16,093 0 0
Goodyear Tire & Rubber Co. Note 382550BD2 595,650 570,000 PRN   SOLE   570,000 0 0
HCA Holdings, Inc. Note 40412CAB7 912,705 852,000 PRN   SOLE   852,000 0 0
HD Supply Inc Note 40415RAK1 908,813 786,000 PRN   SOLE   786,000 0 0
Halliburton Co. Note 406216BE0 612,738 580,000 PRN   SOLE   580,000 0 0
Harrahs Operating Co Inc Note 413627BM1 472,500 2,000,000 PRN   SOLE   2,000,000 0 0
Hertz Corp Note 428040CJ6 894,284 863,000 PRN   SOLE   863,000 0 0
IDEXX Laboratories Inc Common Stock 45168D104 1,627,586 13,813 SH   SOLE   13,813 0 0
Illinois Tool Works, Inc. Note 452308AJ8 584,463 500,000 PRN   SOLE   500,000 0 0
Infor US Inc Note 45672NAB7 899,513 830,000 PRN   SOLE   830,000 0 0
ING US Inc Note 45685EAG1 626,200 620,000 PRN   SOLE   620,000 0 0
Iron Mountain Note 46284PAP9 611,475 620,000 PRN   SOLE   620,000 0 0
KKR & Co. L.P. MLP 48248M102 4,275,311 191,718 SH   SOLE   191,718 0 0
Keurig Green Mountain Inc Common Stock 49271M100 763,733 5,869 SH   SOLE   5,869 0 0
Kinetics Concept Note 49461BAB0 1,475,860 1,354,000 PRN   SOLE   1,354,000 0 0
Level 3 Financing inc Note 527298AT0 903,713 831,000 PRN   SOLE   831,000 0 0
Level 3 Financing inc Note 527298AW3 603,488 570,000 PRN   SOLE   570,000 0 0
Linn Energy LLC Note 536022AC0 890,209 857,000 PRN   SOLE   857,000 0 0
Linn Energy LLC Note 536022AF3 587,250 580,000 PRN   SOLE   580,000 0 0
Lowe's Cos. Inc. Note 548661CX3 626,569 600,000 PRN   SOLE   600,000 0 0
MGM Resorts Intl Note 552953AR2 890,950 865,000 PRN   SOLE   865,000 0 0
MRC Global Inc Common Stock 55345K103 173,547 7,442 SH   SOLE   7,442 0 0
Macy's Inc Common Stock 55616P104 208,343 3,581 SH   SOLE   3,581 0 0
Marathon Petroleum Corp Note 56585AAF9 596,480 500,000 PRN   SOLE   500,000 0 0
McClatchy Company Note 579489AG0 583,875 540,000 PRN   SOLE   540,000 0 0
Medifast Inc Common Stock 58470H101 221,438 6,745 SH   SOLE   6,745 0 0
Medivation Inc Common Stock 58501N101 798,178 8,073 SH   SOLE   8,073 0 0
Metropcs Wireless Inc Note 591709AK6 987,881 950,000 PRN   SOLE   950,000 0 0
Myriad Genetics, Inc. Common Stock 62855J104 2,642,431 68,510 SH   SOLE   68,510 0 0
National Oilwell Varco Inc. Note 637071AK7 615,146 650,000 PRN   SOLE   650,000 0 0
Navistar Intl Note 63934EAM0 1,898,044 1,845,000 PRN   SOLE   1,845,000 0 0
Neurocrine Biosciences Inc Common Stock 64125C109 733,998 46,841 SH   SOLE   46,841 0 0
Newcastle Investment Corp REIT 65105M504 185,001 14,590 SH   SOLE   14,590 0 0
Newmont Mining Corp. Note 651639AP1 609,137 720,000 PRN   SOLE   720,000 0 0
Nisource Financial Corp Note 65473QBC6 643,466 630,000 PRN   SOLE   630,000 0 0
Northstar Realty Finance Corp. REIT 66704R704 221,370 12,528 SH   SOLE   12,528 0 0
Nu Skin Enterprises Inc Common Stock 67018T105 2,142,843 47,587 SH   SOLE   47,587 0 0
NuStar Energy LP MLP 67058H102 4,981,503 75,546 SH   SOLE   75,546 0 0
ONEOK Partners L.P. MLP 68268N103 3,523,242 62,960 SH   SOLE   62,960 0 0
PBF ENERGY INC Common Stock 69318G106 1,290,984 53,791 SH   SOLE   53,791 0 0
PDL BioPharma Inc Common Stock 69329Y104 587,799 78,688 SH   SOLE   78,688 0 0
Penn Virginia Corp Note 707882AE6 590,800 560,000 PRN   SOLE   560,000 0 0
PowerShares ETP 73936T573 515,468 18,112 SH   SOLE   18,112 0 0
Prudential Financial Inc. Note 744320AM4 617,848 590,000 PRN   SOLE   590,000 0 0
Reynolds Group Note 761735AF6 605,625 570,000 PRN   SOLE   570,000 0 0
Reynolds Group Note 761735AL3 1,883,250 1,800,000 PRN   SOLE   1,800,000 0 0
SPDR ETP 78464A417 4,867,486 121,142 SH   SOLE   121,142 0 0
SPDR ETP 78468R408 4,845,098 161,881 SH   SOLE   161,881 0 0
Sabra Health Care REIT Inc REIT 78573L106 823,427 33,858 SH   SOLE   33,858 0 0
Sandridge Energy Inc Note 80007PAN9 867,300 885,000 PRN   SOLE   885,000 0 0
Sandridge Energy Inc Note 80007PAQ2 572,138 570,000 PRN   SOLE   570,000 0 0
Select Comfort Corp. Common Stock 81616X103 211,480 10,109 SH   SOLE   10,109 0 0
Servicemaster Company Note 81760NAR0 400,235 383,000 PRN   SOLE   383,000 0 0
Spirit Realty Capital REIT 84860W102 571,471 52,094 SH   SOLE   52,094 0 0
Springleaf Finance Corp Note 85171RAA2 953,175 895,000 PRN   SOLE   895,000 0 0
Sunoco Logistics Partners L.P. MLP 86764L108 1,211,133 25,096 SH   SOLE   25,096 0 0
TC Pipelines LP MLP 87233Q108 1,267,937 18,726 SH   SOLE   18,726 0 0
Terex Corp. Note 880779AY9 606,100 580,000 PRN   SOLE   580,000 0 0
Time Warner Cable Inc Note 88732JAY4 637,648 540,000 PRN   SOLE   540,000 0 0
UnitedHealth Group Inc. Note 91324PCD2 617,829 630,000 PRN   SOLE   630,000 0 0
Universal Insurance Holdings Common Stock 91359V107 207,436 16,043 SH   SOLE   16,043 0 0
Unum Group Common Stock 91529Y106 205,455 5,976 SH   SOLE   5,976 0 0
VWR Funding, Inc Note 918436AF3 1,875,775 1,795,000 PRN   SOLE   1,795,000 0 0
Valero Energy Corp Common Stock 91913Y100 1,320,037 28,529 SH   SOLE   28,529 0 0
Varian Medical Systems Inc Common Stock 92220P105 706,658 8,820 SH   SOLE   8,820 0 0
Viacom Inc Note 92553PAU6 613,367 550,000 PRN   SOLE   550,000 0 0
Visant Corp Note 92834UAB8 1,773,460 1,976,000 PRN   SOLE   1,976,000 0 0
W&T Offshore Inc Note 92922PAC0 907,920 873,000 PRN   SOLE   873,000 0 0
Actavis Inc Note 942683AH6 577,828 630,000 PRN   SOLE   630,000 0 0
WellPoint Inc Common Stock 94973V107 1,582,214 13,227 SH   SOLE   13,227 0 0
Itau Unibanco Holding SA Preference B037HR3 187,238 13,433 SH   SOLE   13,433 0 0
FERROVIAL SA Common Stock B038516 5,624 290 SH   SOLE   290 0 0
Tractebel Energia SA Common Stock B07C763 835,877 59,188 SH   SOLE   59,188 0 0
The Link REIT REIT B0PB4M7 225,954 39,209 SH   SOLE   39,209 0 0
Prosperity REIT REIT B0PVBN7 957,420 3,084,917 SH   SOLE   3,084,917 0 0
Artis Real Estate Inv REIT B0XZXV3 899,769 65,699 SH   SOLE   65,699 0 0
Banco Hipotecario SA Note B13BWD3 19,975 20,000 PRN   SOLE   20,000 0 0
Charter Hall Group REIT B15F6S6 861,330 240,624 SH   SOLE   240,624 0 0
Companhia Energetica de Minas Preference B1YBRG0 165,798 26,840 SH   SOLE   26,840 0 0
VERESEN INC Common Stock B3MBSJ6 856,024 56,192 SH   SOLE   56,192 0 0
Northwest Healthcare Prop REIT B4Y8WM3 904,694 103,729 PRN   SOLE   103,729 0 0
BB Seguridade Participacoes Common Stock B9N3SQ0 172,056 13,051 SH   SOLE   13,051 0 0
CIA DE BEBIDAS DAS AMERICAS Common Stock BG7ZWY7 177,767 27,027 SH   SOLE   27,027 0 0
Assured Guaranty Ltd Common Stock G0585R106 194,631 8,783 SH   SOLE   8,783 0 0
Herbalife Ltd Common Stock G4412G101 1,718,500 39,280 SH   SOLE   39,280 0 0
Montpelier Re Holdings Common Stock G62185106 201,494 6,481 SH   SOLE   6,481 0 0
Foster Wheeler AG Common Stock H27178104 193,578 6,122 SH   SOLE   6,122 0 0