Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	511,377	$25.44M	2.6%	$49.74 *	$27.65	+29.4%	COM	949746101
CVX	Chevron Corp	180,493	$21.46M	2.2%	$118.91 *	$71.28	+1.3%	COM	166764100
—	Verizon Communications Inc	447,254	$21.28M	2.2%	$47.57	$50.15	—	COM	92343v104
JNJ	Johnson & Johnson	191,801	$18.84M	1.9%	$98.23 *	$59.88	+18.4%	COM	478160104
PG	Procter & Gamble Co	199,670	$16.09M	1.7%	$80.60 *	$55.18	+4.9%	COM	742718109
—	General Electric Co	617,922	$16M	1.7%	$25.89	$23.54	—	COM	369604103
XOM	Exxon Mobil Corp	148,906	$14.54M	1.5%	$97.68 *	$53.69	+11.2%	COM	30231G102
COP	ConocoPhillips	199,653	$14.05M	1.5%	$70.35 *	$40.60	+18.1%	COM	20825C104
AAPL	Apple Inc	25,864	$13.88M	1.4%	$536.73 *	$13.43	+24.8%	COM	037833100
—	Wells Fargo 8.00% Prp Cl12/17	470,340	$13.71M	1.4%	$29.14	$28.85	—	PFD	949746879
BMY	Bristol-Myers Squibb Co	234,461	$12.18M	1.3%	$51.95 *	$28.93	+21.2%	COM	110122108
VTI	Vanguard Total Stock Mk Vipers	124,805	$12.16M	1.3%	$97.47	$83.93	+16.1%	COM	922908769
MCD	McDonald's Corp	113,833	$11.16M	1.2%	$98.03 *	$71.78	+0.9%	COM	580135101
—	AT&T Inc	283,024	$9.926M	1.0%	$35.07	$35.39	—	COM	00206r102
—	Aviva 8.25% 12/2041 Call 12/20	353,876	$9.788M	1.0%	$27.66	$27.35	—	PFD	05382a203
IBM	Intl Business Machines Corp	50,101	$9.644M	1.0%	$192.49 *	$118.54	-3.5%	COM	459200101
INTC	Intel Corp	364,129	$9.4M	1.0%	$25.82 *	$17.19	+12.7%	COM	458140100
COST	Costco Wholesale Corp	82,349	$9.197M	1.0%	$111.68 *	$86.86	+2.7%	COM	22160K105
—	3M Co	64,762	$8.786M	0.9%	$135.67	$110.05	—	COM	88579y101
—	NextEra Energy Inc	87,191	$8.337M	0.9%	$95.62	$81.78	—	COM	65339f101
—	SPDR S&P Dividend ETF	112,578	$8.284M	0.9%	$73.58	$67.77	—	COM	78464a763
ABT	Abbott Laboratories	210,566	$8.109M	0.8%	$38.51 *	$28.99	+6.0%	COM	002824100
KMB	Kimberly-Clark Corp	73,283	$8.079M	0.8%	$110.24 *	$63.24	+12.6%	COM	494368103
PFF	iShares S&P US Preferred Stock	199,013	$7.767M	0.8%	$39.03	$40.17	-2.8%	COM	464288687
PFE	Pfizer Inc	240,633	$7.729M	0.8%	$32.12 *	$16.52	+12.9%	COM	717081103
MSFT	Microsoft Corp	181,393	$7.435M	0.8%	$40.99 *	$26.84	+27.7%	COM	594918104
—	Walgreen Co	102,982	$6.8M	0.7%	$66.03	$50.52	—	COM	931422109
—	Du Pont (E.I.) De Nemours	101,184	$6.789M	0.7%	$67.10	$53.02	—	COM	263534109
—	AbbVie Inc	131,144	$6.741M	0.7%	$51.40	$42.35	—	COM	00287y109
WMB	Williams Cos Inc	157,663	$6.398M	0.7%	$40.58 *	$18.28	+15.5%	COM	969457100
—	HCP Inc	161,039	$6.247M	0.6%	$38.79	$44.36	—	COM	40414l109
PEP	PepsiCo Inc	74,701	$6.238M	0.6%	$83.51 *	$56.03	+4.9%	COM	713448108
JPM	JPMorgan Chase & Co	101,330	$6.152M	0.6%	$60.71 *	$36.24	+22.0%	COM	46625H100
CLX	Clorox Company	68,674	$6.044M	0.6%	$88.01 *	$60.21	+4.6%	COM	189054109
OXY	Occidental Petroleum Corp	63,310	$6.033M	0.6%	$95.29 *	$58.17	+10.3%	COM	674599105
—	Merck & Co. Inc.	105,379	$5.982M	0.6%	$56.77	$46.82	—	COM	58933y105
DVY	iShares DJ Select Dividend Ind	80,996	$5.939M	0.6%	$73.32	$64.78	+13.2%	COM	464287168
CL	Colgate-Palmolive Co	90,728	$5.886M	0.6%	$64.88 *	$45.34	+8.9%	COM	194162103
—	Altria Group Inc	157,027	$5.878M	0.6%	$37.43	$35.03	—	COM	02209s103
—	Partner Re 7.25% Call 06/16 BB	221,302	$5.867M	0.6%	$26.51	$26.93	—	PFD	g68603508
UPS	United Parcel Service-Cl B	59,582	$5.802M	0.6%	$97.38 *	$58.45	+10.1%	COM	911312106
—	SPDR S&P500 Index Trust Series	30,081	$5.626M	0.6%	$187.03	$161.09	—	COM	78462f103
ADP	Automatic Data Processing	72,818	$5.626M	0.6%	$77.26 *	$47.11	+11.4%	COM	053015103
VB	Vanguard Small-Cap Vipers	49,500	$5.591M	0.6%	$112.95	$92.84	+21.7%	COM	922908751
—	HSBC Hldgs 8.0% Prp Cl 12/15 B	205,647	$5.546M	0.6%	$26.97	$27.07	—	PFD	404280802
DIS	Disney Co./Walt The	66,655	$5.337M	0.6%	$80.07 *	$56.55	+27.3%	COM	254687106
—	Whole Foods Market Inc	103,479	$5.247M	0.5%	$50.71	$52.53	—	COM	966837106
ECL	Ecolab Inc	48,203	$5.205M	0.5%	$107.98 *	$75.03	+26.5%	COM	278865100
—	CenturyLink SnNote7.5% 2051 Cl	197,985	$5.203M	0.5%	$26.28	$26.04	—	PFD	74913g303
—	Wachovia (WFC) Perp/Call 2/11	5,320,000	$5.154M	0.5%	$0.97	$0.98	—	PFD	92978AAA0
—	Waste Management Inc	122,347	$5.147M	0.5%	$42.07	$40.71	—	COM	94106l109
—	Target Corp	84,014	$5.084M	0.5%	$60.51	$68.33	—	COM	87612e106
—	Aspen Insurance 7.25% Call07/2	190,996	$4.985M	0.5%	$26.10	$25.42	—	PFD	g05384147
O	Realty Income Corp	116,859	$4.775M	0.5%	$40.86 *	$24.06	-5.0%	COM	756109104
HON	Honeywell International Inc	50,898	$4.721M	0.5%	$92.75 *	$53.51	+22.1%	COM	438516106
—	Spectra Energy Corp	127,152	$4.697M	0.5%	$36.94	$34.52	—	COM	847560109
—	Sanofi-ADR	88,813	$4.643M	0.5%	$52.28	$51.52	—	COM	80105n105
GIS	General Mills Inc	89,344	$4.63M	0.5%	$51.82 *	$31.98	+7.9%	COM	370334104
NKE	Nike Inc -Cl B	62,609	$4.624M	0.5%	$73.86 *	$26.72	+19.3%	COM	654106103
—	SPDR S&P MidCap 400 ETF Trust	17,906	$4.487M	0.5%	$250.59	$212.48	—	COM	78467y107
VNO	Vornado Realty Trust	44,809	$4.416M	0.5%	$98.55	$83.93	—	COM	929042109
—	EGShares Dow Jones Emerging Ma	161,180	$4.276M	0.4%	$26.53	$25.95	—	COM	268461779
—	KKR Financial 7.50% SrNotes Ca	157,687	$4.254M	0.4%	$26.98	$26.53	—	PFD	48248a504
HD	Home Depot Inc	52,825	$4.18M	0.4%	$79.13 *	$56.19	+7.1%	COM	437076102
VO	Vanguard Mid-Cap Vipers	36,800	$4.18M	0.4%	$113.59 *	$23.80	+19.3%	COM	922908629
ABBNY	ABB Ltd -Spon ADR	159,219	$4.106M	0.4%	$25.79 *	$21.47	+15.3%	COM	000375204
—	KKR Financial7.375% Perp Call	158,294	$4.076M	0.4%	$25.75	$25.88	—	PFD	48248a603
EIX	Edison International	71,438	$4.044M	0.4%	$56.61 *	$30.71	+18.0%	COM	281020107
NSRGY	Nestle Sa-Spons ADR For Reg	53,726	$4.041M	0.4%	$75.21	$69.38	+8.4%	COM	641069406
—	Medtronic Inc	65,152	$4.009M	0.4%	$61.53	$51.76	—	COM	585055106
—	Google Inc-Cl A	3,578	$3.988M	0.4%	$1114.59	$891.74	—	COM	38259P508
—	Barclays 8.125% Perp/Cl 3/14 B	150,984	$3.927M	0.4%	$26.01	$25.33	—	PFD	06739h362
KO	Coca-Cola Co/The	101,237	$3.914M	0.4%	$38.66 *	$27.85	-4.0%	COM	191216100
—	Endurance Specialty 7.75% Cl12	144,757	$3.791M	0.4%	$26.19	$25.77	—	PFD	29267h208
GPC	Genuine Parts Co	43,582	$3.785M	0.4%	$86.85 *	$55.16	+12.6%	COM	372460105
—	SPDR Technology Select Sector	103,813	$3.774M	0.4%	$36.35	$31.27	—	COM	81369y803
—	Digital Realty 7.0% Perp Call	152,867	$3.725M	0.4%	$24.37	$25.60	—	PFD	253868707
—	Telephone & Data 6.875% Cl 11/	145,704	$3.699M	0.4%	$25.39	$25.58	—	PFD	879433845
TD	Toronto-Dominion Bank	77,928	$3.659M	0.4%	$46.95	$43.00	+9.2%	COM	891160509
—	Comcast Corp-Cl A	71,618	$3.584M	0.4%	$50.04	$47.08	—	COM	20030n101
—	Scana Corp 7.70% 2065 Cl1/2015	135,236	$3.577M	0.4%	$26.45	$26.73	—	PFD	80589m201
—	PowerShares Preferred Portfoli	245,641	$3.503M	0.4%	$14.26	$13.83	—	COM	73936t565
—	Kinder Morgan Management LLC	48,609	$3.484M	0.4%	$71.67	$83.32	—	COM	49455u100
DHR	Danaher Corp	46,371	$3.478M	0.4%	$75.00 *	$25.34	+20.4%	COM	235851102
—	Novartis Ag-ADR	40,345	$3.43M	0.4%	$85.02	$71.50	—	COM	66987v109
—	Citigroup 7.125% FxdtoFlt Cl 9	127,345	$3.362M	0.3%	$26.40	$25.67	—	PFD	172967358
—	Oracle Corp	80,843	$3.307M	0.3%	$40.91	$31.29	—	COM	68389x105
—	Accenture PLC-Cl A	41,450	$3.304M	0.3%	$79.71	$72.02	—	COM	g1151c101
BA	Boeing Co	26,199	$3.288M	0.3%	$125.50 *	$80.52	+34.0%	COM	097023105
APD	Air Products & Chemicals Inc	27,471	$3.27M	0.3%	$119.03 *	$65.59	+26.2%	COM	009158106
—	Vornado Realty 6.875% Prp/Cl 4	126,659	$3.265M	0.3%	$25.78	$25.77	—	PFD	929042869
CVS	CVS Caremark Corp	43,439	$3.252M	0.3%	$74.86 *	$41.92	+29.3%	COM	126650100
SWK	Stanley Black & Decker Inc	39,804	$3.234M	0.3%	$81.25 *	$57.96	+4.2%	COM	854502101
—	Health Care Select Sector	55,107	$3.223M	0.3%	$58.49	$49.28	—	COM	81369y209
—	AEGON 8.00% 2042 Notes Call 08	111,204	$3.214M	0.3%	$28.90	$28.29	—	PFD	007924608
—	Kinder Morgan Energy Partners	43,037	$3.183M	0.3%	$73.96	$85.40	—	COM	494550106
LOW	Lowe's Cos Inc	65,102	$3.183M	0.3%	$48.89 *	$32.16	+23.0%	COM	548661107
AXP	American Express Co	34,842	$3.137M	0.3%	$90.04 *	$61.30	+24.2%	COM	025816109
—	Freeport-McMoRan Copper & Gold	93,143	$3.08M	0.3%	$33.07	$27.69	—	COM	35671d857
—	AGL Resources Inc	62,009	$3.036M	0.3%	$48.96	$43.81	—	COM	001204106
—	Deutsche Bank 8.05% PrpCl6/18	109,644	$3.012M	0.3%	$27.47	$27.51	—	PFD	25150l108
—	Travelers Cos Inc/The	34,029	$2.896M	0.3%	$85.10	$80.40	—	COM	89417e109
—	Unilever N V -NY Shares	69,902	$2.874M	0.3%	$41.11	$39.34	—	COM	904784709
—	GlaxoSmithKline Plc-ADR	53,125	$2.838M	0.3%	$53.42	$49.97	—	COM	37733w105
—	SL Green Realty 6.5% Perp CUM	119,518	$2.803M	0.3%	$23.45	$24.66	—	PFD	78440x507
—	SPDR Energy Select Sector	31,361	$2.793M	0.3%	$89.06	$79.59	—	COM	81369y506
—	Duke Energy Corp	38,919	$2.772M	0.3%	$71.22	$68.40	—	COM	26441c204
CSCO	Cisco Systems Inc	122,004	$2.735M	0.3%	$22.42 *	$15.26	+1.7%	COM	17275R102
—	United Technologies Corp	23,241	$2.715M	0.3%	$116.82	$92.93	—	COM	913017109
—	Consumer Staples SPDR	62,705	$2.7M	0.3%	$43.06	$40.02	—	COM	81369y308
—	SPDR Industrial Select Sector	50,708	$2.654M	0.3%	$52.34	$43.69	—	COM	81369y704
SO	Southern Co	59,824	$2.629M	0.3%	$43.95 *	$26.59	+0.0%	COM	842587107
—	Chubb Corp	29,175	$2.605M	0.3%	$89.29	$85.58	—	COM	171232101
—	Praxair Inc	19,848	$2.599M	0.3%	$130.95	$117.52	—	COM	74005p104
—	JPMorgan 7.9% Perp/Call 4/18 -	2,280,000	$2.571M	0.3%	$1.13	$1.13	—	PFD	46625HHA1
—	Consumer Discretionary Select	39,228	$2.539M	0.3%	$64.72	$57.13	—	COM	81369y407
SRE	Sempra Energy	26,099	$2.525M	0.3%	$96.75 *	$27.60	+22.2%	COM	816851109
—	CenturyLink Quest 7.0%SnNts Cl	98,168	$2.475M	0.3%	$25.21	$25.93	—	PFD	74913g501
PRU	Prudential Financial Inc	28,857	$2.443M	0.3%	$84.66 *	$38.78	+33.0%	COM	744320102
BAC	Bank of America Corp	138,454	$2.381M	0.2%	$17.20 *	$10.64	+27.4%	COM	060505104
VEA	Vanguard MSCI EAFE Index ETF	57,088	$2.356M	0.2%	$41.27	$37.38	+10.4%	COM	921943858
—	Ares Capital 7.75% 2040 Call 1	90,462	$2.353M	0.2%	$26.01	$25.78	—	PFD	04010l202
BRK/B	Berkshire Hathaway Inc-Cl B	18,800	$2.349M	0.2%	$124.95	$110.40	+13.2%	COM	084670702
WHR	Whirlpool Corp	15,706	$2.347M	0.2%	$149.43	$122.44	+22.1%	COM	963320106
—	Pebblebrook Hotel 8.00%Perp Cu	90,728	$2.344M	0.2%	$25.84	$25.88	—	PFD	70509v308
—	Charles Schwab 7% Perp/Call 2/	2,032,000	$2.311M	0.2%	$1.14	$1.12	—	PFD	808513AE5
—	Maiden Hldgs 8.00% Nts 2042 ca	86,053	$2.242M	0.2%	$26.05	$25.70	—	PFD	56029q309
—	Twenty-First Century Fox-B (fo	70,076	$2.181M	0.2%	$31.12	$32.94	—	COM	90130a200
PM	Philip Morris International	25,643	$2.099M	0.2%	$81.85 *	$49.85	-8.1%	COM	718172109
—	Endurance Specialty 7.5% Cl 6/	79,922	$2.094M	0.2%	$26.20	$26.47	—	PFD	g30397304
UNH	UnitedHealth Group Inc	25,402	$2.083M	0.2%	$82.00 *	$56.09	+21.0%	COM	91324P102
EMR	Emerson Electric Co	30,689	$2.05M	0.2%	$66.80 *	$40.02	+21.6%	COM	291011104
VWO	Vanguard MSCI Emerging Market	50,375	$2.044M	0.2%	$40.58	$41.86	-3.1%	COM	922042858
LLY	Eli Lilly & Co	34,523	$2.032M	0.2%	$58.86 *	$43.03	+9.6%	COM	532457108
—	GE Cap Corp 7.125% Perp/Call 6	1,765,000	$2.008M	0.2%	$1.14	$1.13	—	PFD	369622SN6
—	Corporate Office Prop 7.375% C	78,903	$2.007M	0.2%	$25.44	$25.65	—	PFD	22002t884
—	Chesapeake Lodging 7.75% PerpC	76,575	$1.987M	0.2%	$25.95	$25.50	—	PFD	165240201
DE	Deere & Co	21,736	$1.974M	0.2%	$90.82 *	$67.85	+7.8%	COM	244199105
—	Mylan Laboratories	39,843	$1.946M	0.2%	$48.84	$31.77	—	COM	628530107
—	LaSalle Hotel 7.50% Perp CUM C	74,995	$1.939M	0.2%	$25.86	$25.85	—	PFD	517942702
MDLZ	Mondelez International	56,003	$1.935M	0.2%	$34.55 *	$23.29	+14.8%	COM	609207105
PCAR	Paccar Inc	28,569	$1.927M	0.2%	$67.45 *	$22.82	+27.3%	COM	693718108
EPD	Enterprise Products Partners	27,669	$1.919M	0.2%	$69.36	$62.11	—	COM	293792107
—	InterContinental Hotels-ADR	58,959	$1.91M	0.2%	$32.40	$29.27	—	COM	45857p400
—	Unilever Plc-Sponsored ADR	44,197	$1.891M	0.2%	$42.79	$40.45	—	COM	904767704
—	ING Groep NV 7 3/8% Cl 10/12 B	72,732	$1.857M	0.2%	$25.53	$25.08	—	PFD	456837707
CAT	Caterpillar Inc	18,628	$1.851M	0.2%	$99.37 *	$61.55	+19.4%	COM	149123101
—	Public Storage 6.50% Call 4/20	71,154	$1.826M	0.2%	$25.66	$25.71	—	PFD	74460d141
—	BCE Inc	42,244	$1.822M	0.2%	$43.13	$41.56	—	COM	05534b760
—	CenterPoint Energy Inc	75,270	$1.783M	0.2%	$23.69	$23.49	—	COM	15189t107
—	Prospect Captl 6.95% Sr Nts 20	67,113	$1.77M	0.2%	$26.37	$25.45	—	PFD	74348t201
—	AON Cap 8.205% 1/27 Non-Call B	58,529	$1.745M	0.2%	$29.81	$29.58	—	PFD	22532r101
—	Roche Holdings LTD-Spons ADR	45,040	$1.699M	0.2%	$37.72	$50.17	—	COM	010397936
GD	General Dynamics Corp	15,580	$1.697M	0.2%	$108.92 *	$56.74	+48.6%	COM	369550108
—	Cerner Corp	30,075	$1.692M	0.2%	$56.26	$75.11	—	COM	156782104
—	KKR Financial 8.375%SrNts Call	60,670	$1.68M	0.2%	$27.69	$27.30	—	PFD	48248a405
—	Linn Energy LLC-Units	58,850	$1.667M	0.2%	$28.33	$32.76	—	COM	536020100
—	Deutsche Bnk 7.6% Prp Cl 2/18	59,794	$1.622M	0.2%	$27.13	$26.67	—	PFD	25154a108
EFA	iShares MSCI EAFE Index Fund	24,083	$1.618M	0.2%	$67.18	$60.77	+10.6%	COM	464287465
PEG	Public Service Enterprise Grou	42,253	$1.612M	0.2%	$38.15 *	$21.73	+16.1%	COM	744573106
—	Barclays 7.75% Prp Cl 9/13 BBB	61,908	$1.606M	0.2%	$25.94	$25.26	—	PFD	06739h511
SLB	Schlumberger Ltd	16,416	$1.601M	0.2%	$97.53 *	$53.16	+33.0%	COM	806857108
—	BGC Partners 8.125% 2042 Call	59,384	$1.591M	0.2%	$26.79	$26.49	—	PFD	05541t408
VYM	Vanguard High Dividend Yield E	25,084	$1.583M	0.2%	$63.11	$60.35	+4.6%	COM	921946406
TM	Toyota Motor Corp -Spon ADR	13,995	$1.58M	0.2%	$112.90	$116.78	-3.3%	COM	892331307
SBUX	Starbucks Corp	21,413	$1.571M	0.2%	$73.37 *	$24.99	+16.4%	COM	855244109
—	US Bancorp 6.5% FxdToFlt Cl 2/	55,230	$1.569M	0.2%	$28.41	$27.99	—	PFD	902973833
—	First Republic Bank 6.70% Cl20	61,696	$1.567M	0.2%	$25.40	$25.90	—	PFD	33616c209
—	Eaton Corp PLC	20,739	$1.558M	0.2%	$75.12	$65.81	—	COM	g29183103
—	Macy's Inc	25,734	$1.526M	0.2%	$59.30	$50.17	—	COM	55616p104
—	Hartford Finl 7.875% 2042 call	51,090	$1.513M	0.2%	$29.61	$29.57	—	PFD	416518504
—	SPDR Financial Select Sector	67,707	$1.513M	0.2%	$22.35	$19.93	—	COM	81369y605
—	Vodafone Group PLC-Sp ADR	40,775	$1.501M	0.2%	$36.81	$36.81	—	COM	92857w308
—	TD Ameritrade Holding Corp	43,833	$1.488M	0.2%	$33.95	$25.84	—	COM	87236y108
AMGN	Amgen Inc	11,972	$1.477M	0.2%	$123.37 *	$74.36	+19.1%	COM	031162100
—	Costamare 8.50% CUM QDI Perp C	58,717	$1.475M	0.2%	$25.12	$25.12	—	PFD	y1771g128
MKC	McCormick & Co-Non Vtg Shrs	20,502	$1.471M	0.2%	$71.75 *	$28.19	+1.3%	COM	579780206
—	Discover Financial 6.50%Perp Q	59,424	$1.458M	0.2%	$24.54	$25.08	—	PFD	254709207
—	CenturyLink SnNotes 7.0% 2050	57,540	$1.454M	0.2%	$25.27	$25.85	—	PFD	74913G402
F	Ford Motor Co	93,063	$1.452M	0.1%	$15.60 *	$8.21	+3.0%	COM	345370860
—	Campus Crest Comm 8.00% Perp C	57,122	$1.437M	0.1%	$25.16	$26.16	—	PFD	13466y204
—	Laboratory Corp Of Amer Hldgs	14,180	$1.393M	0.1%	$98.24	$100.10	—	COM	50540r409
—	DTE Energy 6.5% Jr Sub Call 12	53,760	$1.371M	0.1%	$25.50	$25.37	—	PFD	233331602
—	Excel Trust 8.125% CUM Call 1/	51,420	$1.33M	0.1%	$25.87	$25.69	—	PFD	30068c307
—	Powershares QQQ NASDAQ 100 Tru	15,153	$1.328M	0.1%	$87.64	$73.06	—	COM	73935a104
—	Maiden Holdings 8.25%Prp Cl8/2	51,382	$1.317M	0.1%	$25.63	$26.28	—	PFD	g5753u120
—	Kraft Foods Group	23,433	$1.315M	0.1%	$56.12	$55.74	—	COM	50076q106
IJH	iShares S&P Midcap 400	9,564	$1.315M	0.1%	$137.49 *	$23.56	+16.7%	COM	464287507
—	Hewlett-Packard Co	40,622	$1.315M	0.1%	$32.37	$28.62	—	COM	428236103
—	CenturyLink Quest7.375% 6/51 C	49,322	$1.29M	0.1%	$26.15	$26.28	—	PFD	74913g204
—	Biogen Idec Inc	4,191	$1.282M	0.1%	$305.89	$215.14	—	COM	09062x103
FDL	First Trust Dividend Leaders I	56,642	$1.275M	0.1%	$22.51	$21.09	+6.7%	COM	336917109
—	Johnson Controls Inc	26,560	$1.257M	0.1%	$47.33	$42.98	—	COM	478366107
—	Summit Hotel 7.875% Perp CUM C	49,428	$1.252M	0.1%	$25.33	$25.56	—	PFD	866082308
—	Public Storage 6.875% Prp Cl7/	47,286	$1.249M	0.1%	$26.41	$25.92	—	PFD	74460d182
SCHB	Schwab U.S. Broad Market ETF	27,165	$1.242M	0.1%	$45.72 *	$6.52	+16.9%	COM	808524102
—	First Republic Bank 6.2% Cl 6/	50,010	$1.233M	0.1%	$24.66	$24.85	—	PFD	33616c407
—	Ingersoll-Rand Co Ltd-Cl A	21,425	$1.226M	0.1%	$57.22	$63.93	—	COM	g47791101
—	Southwestern Energy Co	26,431	$1.216M	0.1%	$46.01	$36.53	—	COM	845467109
CAG	Conagra Foods Inc	39,007	$1.21M	0.1%	$31.02 *	$17.41	-7.1%	COM	205887102
—	Nabors Industries Inc	49,100	$1.21M	0.1%	$24.64	$16.31	—	COM	g6359f103
QCOM	Qualcomm Inc	15,086	$1.19M	0.1%	$78.88 *	$45.06	+25.9%	COM	747525103
—	Barclays Bank 7.1% Prp Call 12	45,741	$1.174M	0.1%	$25.67	$25.01	—	PFD	06739h776
—	Ashford Hospitality 9.0% NR Ca	43,285	$1.169M	0.1%	$27.01	$26.81	—	PFD	044103505
—	SPDR Dow Jones Industrial Aver	7,094	$1.165M	0.1%	$164.22	$148.79	—	COM	78467x109
—	Rockwood Holdings Inc	15,655	$1.165M	0.1%	$74.42	$66.12	—	COM	774415103
GILD	Gilead Sciences Inc	16,420	$1.164M	0.1%	$70.89 *	$38.62	+27.5%	COM	375558103
—	WellPoint Inc	11,433	$1.138M	0.1%	$99.54	$83.00	—	COM	94973V107
—	First Republic 7.0% Cl 12/18 B	43,325	$1.135M	0.1%	$26.20	$25.83	—	PFD	33616c860
IBB	iShares Nasdaq Biotech Index F	4,746	$1.122M	0.1%	$236.41 *	$75.89	+3.8%	COM	464287556
—	Express Scripts Holding Co.	14,849	$1.115M	0.1%	$75.09	$61.77	—	COM	30219g108
WY	Weyerhaeuser Co	36,690	$1.077M	0.1%	$29.35 *	$18.73	-0.4%	COM	962166104
C	Citigroup Inc	22,550	$1.073M	0.1%	$47.58 *	$36.35	-2.5%	COM	172967424
—	So. Cal Edison 6.25% Perp/Call	1,000,000	$1.059M	0.1%	$1.06	$1.06	—	PFD	842400FU2
—	Banco Santander10.5% Perp Cl9/	40,553	$1.058M	0.1%	$26.09	$27.00	—	PFD	e8683r144
—	Yahoo! Inc	28,900	$1.038M	0.1%	$35.92	$25.36	—	COM	984332106
—	Carlyle Group/The	29,219	$1.027M	0.1%	$35.15	$35.15	—	COM	14309l102
IYF	iShares DJ US Financial Sect	12,433	$1.017M	0.1%	$81.80 *	$35.30	+15.8%	COM	464287788
—	Wisconsin Energy Corp	21,794	$1.015M	0.1%	$46.57	$40.99	—	COM	976657106
—	American Capital Agency 8.0% P	37,324	$981K	0.1%	$26.28	$25.31	—	PFD	02503x204
—	SunPower Corp	30,000	$968K	0.1%	$32.27	$20.70	—	COM	867652406
UNP	Union Pacific Corp	5,129	$963K	0.1%	$187.76 *	$59.15	+22.3%	COM	907818108
—	Zimmer Holdings Inc	10,138	$959K	0.1%	$94.59	$81.63	—	COM	98956p102
DKS	Dick's Sporting Goods Inc	17,438	$952K	0.1%	$54.59 *	$37.00	+10.1%	COM	253393102
—	St Jude Medical Inc	14,536	$951K	0.1%	$65.42	$45.65	—	COM	790849103
—	Wells Fargo 7.50% Conv/Perp$10	802	$941K	0.1%	$1173.32	$1120.58	—	PFD	949746804
—	Telephone & Data 7.0% Cl 3/16	36,650	$939K	0.1%	$25.62	$25.80	—	PFD	879433837
WMT	Wal-Mart Stores Inc	12,072	$923K	0.1%	$76.46 *	$19.97	+1.6%	COM	931142103
—	So Cal Ed Flt $100 Callable NC	8,950	$909K	0.1%	$101.56	$100.98	—	PFD	842400756
—	Investors REIT 7.95% Perp CUM	35,010	$905K	0.1%	$25.85	$26.03	—	PFD	461730301
BMO	Bank of Montreal	13,420	$899K	0.1%	$66.99 *	$36.33	+14.4%	COM	063671101
—	Agilent Technologies Inc	16,041	$897K	0.1%	$55.92	$42.76	—	COM	00846u101
—	Montpelier RE 8.875% Perp QDI	33,158	$893K	0.1%	$26.93	$26.11	—	PFD	g62185114
—	Public Storage 6.35% Call 7/16	35,305	$890K	0.1%	$25.21	$25.56	—	PFD	74460d125
—	Hess Corp	10,612	$880K	0.1%	$82.92	$68.04	—	COM	42809h107
—	Varian Medical Systems Inc	10,284	$864K	0.1%	$84.01	$67.77	—	COM	92220P105
ED	Consolidated Edison Inc	16,018	$859K	0.1%	$53.63 *	$37.50	-7.2%	COM	209115104
—	Hudson Pacific 8.375% Perp N/R	32,417	$850K	0.1%	$26.22	$26.39	—	PFD	444097208
—	Pebblebrook Hotel7.875%Perp Cu	32,123	$829K	0.1%	$25.81	$25.83	—	PFD	70509v209
OEF	iShares S&P 100 Index Fund	9,994	$828K	0.1%	$82.85	$72.66	+14.0%	COM	464287101
—	Maiden Hldgs 8.25% Nts 2041 ca	31,334	$813K	0.1%	$25.95	$26.13	—	PFD	56029q200
—	Prudential PLC 6.75% PrpCl 9/0	31,761	$811K	0.1%	$25.53	$25.05	—	PFD	g7293h114
—	NuStar Logistics 7.625%Nts Cl	30,105	$807K	0.1%	$26.81	$25.99	—	PFD	67059t204
IEV	iShares S&P Europe 350	16,720	$807K	0.1%	$48.27	$43.40	+11.3%	COM	464287861
—	HSBC 6.36% Perp Callable NCU Q	31,982	$803K	0.1%	$25.11	$24.83	—	PFD	40429c607
—	Harman International	7,385	$786K	0.1%	$106.43	$54.23	—	COM	413086109
—	SPDR Gold Trust	6,346	$784K	0.1%	$123.54	$119.38	—	COM	78463v107
—	Seaspan 8.25% Perp CUM QDI Cal	30,640	$783K	0.1%	$25.55	$25.55	—	PFD	y75638133
—	Broadcom Corp-Cl A	24,687	$777K	0.1%	$31.47	$33.79	—	COM	111320107
WABC	Westamerica Bancorportaion	14,341	$776K	0.1%	$54.11 *	$33.30	+11.6%	COM	957090103
—	Dominion Res 8.375% Cl 6/14 BB	29,655	$756K	0.1%	$25.49	$25.92	—	PFD	25746u604
—	Utilities Select Sector SPDR	18,130	$752K	0.1%	$41.48	$39.01	—	COM	81369y886
—	GoldmanSachs Lib+75 Min3.75% C	39,245	$751K	0.1%	$19.14	$21.70	—	PFD	38143y665
—	Scana Corp	14,457	$742K	0.1%	$51.32	$48.47	—	COM	80589m102
IOO	iShares S&P Global 100	9,351	$728K	0.1%	$77.85 *	$34.95	+11.4%	COM	464287572
—	Principal Fin 145Bp+30y QDI ($	7,050	$724K	0.1%	$102.70	$100.19	—	PFD	74251v201
WTM	White Mountains Insurance Grou	1,193	$716K	0.1%	$600.17	$583.58	+2.8%	COM	G9618E107
—	Public Storage 5.90% Perp CUM	29,675	$702K	0.1%	$23.66	$25.00	—	PFD	74460w206
—	Digital Realty 6.625% Perp CUM	30,027	$687K	0.1%	$22.88	$24.96	—	PFD	253868806
—	Southern Cal Ed 6.5% $100 Cl3/	6,690	$686K	0.1%	$102.54	$105.22	—	PFD	842400723
—	SPDR Materials Select Sector	14,133	$668K	0.1%	$47.27	$38.97	—	COM	81369y100
—	Linn Co LLC	24,400	$660K	0.1%	$27.05	$35.44	—	COM	535782106
ESS	Essex Property Trust Inc	3,875	$659K	0.1%	$170.06 *	$104.61	+11.9%	COM	297178105
—	Guggenheim Russell Top 50 ETF	5,081	$659K	0.1%	$129.70	$113.82	—	COM	78355w205
EEM	iShares MSCI Emerging Markets	15,434	$633K	0.1%	$41.01	$41.23	-0.5%	COM	464287234
—	Blackstone Group/The	18,948	$630K	0.1%	$33.25	$26.21	—	COM	09253u108
—	iShares MSCI USA Quality Facto	10,995	$619K	0.1%	$56.30	$56.46	—	COM	46432f339
—	Deutsche Bk Tst6.55%Perp Cl 5/	23,446	$614K	0.1%	$26.19	$25.22	—	PFD	25153x208
—	Wells Fargo & Company Perp/Cal	540,000	$614K	0.1%	$1.14	$1.13	—	PFD	949746PM7
IFF	Intl Flavors & Fragrances	6,325	$605K	0.1%	$95.65 *	$58.18	+25.0%	COM	459506101
—	AEGON NV 7.25%BBB QDI Called 6	23,325	$603K	0.1%	$25.85	$25.15	—	PFD	n00927348
IWF	iShares Russell 1000 Growth	6,857	$593K	0.1%	$86.48 *	$19.18	+12.8%	COM	464287614
—	Aspen Insurance 7.401% Call 07	22,738	$590K	0.1%	$25.95	$26.42	—	PFD	g05384139
—	Dominion Resources Inc/Va	8,294	$589K	0.1%	$71.02	$56.84	—	COM	25746u109
IJR	iShares S&P SmallCap 600	5,334	$587K	0.1%	$110.05 *	$44.88	+22.7%	COM	464287804
—	ETFS Physical Precious Metals	8,497	$587K	0.1%	$69.08	$67.70	—	COM	26922w109
SCHM	Schwab U.S. Mid-Cap ETF	15,147	$585K	0.1%	$38.62 *	$12.25	+5.1%	COM	808524508
—	Commonwealth REIT 7.25% Prp/Cl	23,134	$582K	0.1%	$25.16	$25.11	—	PFD	203233606
FLR	Fluor Corp	7,470	$581K	0.1%	$77.78 *	$53.56	+29.1%	COM	343412102
—	M&T Bank 6.375% Cl 11/18 BBB Q	604	$574K	0.1%	$950.33	$969.18	—	PFD	55261f708
KSS	Kohl's Corp	10,000	$568K	0.1%	$56.80	$49.51	+14.7%	COM	500255104
BMRC	Bank Of Marin Bancorp/CA	12,501	$563K	0.1%	$45.04 *	$13.79	+16.2%	COM	063425102
—	Dr Pepper Snapple Group Inc	10,193	$555K	0.1%	$54.45	$54.45	—	COM	26138e109
—	Visa Inc-Class A Shares	2,573	$555K	0.1%	$215.70	$184.15	—	COM	92826c839
—	Retail Properties of America	40,850	$553K	0.1%	$13.54	$14.26	—	COM	76131v202
—	Energy Transfer Equity LP	11,800	$552K	0.1%	$46.78	$53.31	—	COM	29273v100
—	Pharmaceutical HOLDRs Trust	9,400	$549K	0.1%	$58.40	$45.73	—	COM	71712a206
—	Jacobs Engineering Group Inc	8,479	$538K	0.1%	$63.45	$55.64	—	COM	469814107
—	Morgan Stanley 3MoLib+70bp 4%F	25,430	$506K	0.1%	$19.90	$21.44	—	PFD	61747s504
—	SPDR S&P Biotech ETF	3,536	$504K	0.1%	$142.53	$129.24	—	COM	78464a870
MS	Morgan Stanley	16,125	$503K	0.1%	$31.19 *	$22.70	+0.9%	COM	617446448
CMA	Comerica Inc	9,660	$500K	0.1%	$51.76 *	$31.52	+8.0%	COM	200340107
—	Arch Capital 6.75% BBB QDI Cl	19,830	$498K	0.1%	$25.11	$25.77	—	PFD	g0450a204
IVV	iShares S&P 500 Index Fund	2,589	$487K	0.1%	$188.10	$162.82	+15.6%	COM	464287200
USB	US Bancorp	11,149	$478K	0.0%	$42.87 *	$23.16	+23.7%	COM	902973304
—	Retail Properties of Amer 7.0%	19,308	$477K	0.0%	$24.70	$24.90	—	PFD	76131v608
—	P G & E Corp	11,008	$476K	0.0%	$43.24	$45.19	—	COM	69331c108
BDX	Becton Dickinson & Co	4,033	$472K	0.0%	$117.03 *	$78.93	+20.7%	COM	075887109
ADM	Archer-Daniels-Midland Co	10,669	$463K	0.0%	$43.40 *	$23.37	+32.5%	COM	039483102
—	Diageo Plc-Sponsored ADR	3,706	$462K	0.0%	$124.66	$115.67	—	COM	25243q205
—	CubeSmart 7.75%CUM Call 11/2/2	17,926	$461K	0.0%	$25.72	$25.21	—	PFD	229663208
IJJ	iShares S&P Midcap 400/Value	3,810	$459K	0.0%	$120.47 *	$50.58	+19.0%	COM	464287705
—	Penn RealEstate 7.375%CUM Perp	18,295	$458K	0.0%	$25.03	$25.67	—	PFD	709102503
VV	Vanguard Large-Cap Vipers ETF	5,301	$456K	0.0%	$86.02	$76.02	+13.1%	COM	922908637
NSC	Norfolk Southern Corp	4,661	$453K	0.0%	$97.19 *	$59.50	+26.0%	COM	655844108
—	Morgan Stanley 7.125% Fxd-Flt	16,735	$444K	0.0%	$26.53	$26.23	—	PFD	61762v200
—	Regeneron Pharmaceuticals Inc	1,478	$444K	0.0%	$300.41	$275.24	—	COM	75886f107
—	Vanguard Natrl Resources 7.625	18,125	$444K	0.0%	$24.50	$24.50	—	PFD	92205f304
—	Aetna Inc	5,900	$442K	0.0%	$74.92	$63.60	—	COM	00817Y108
—	HSBC Float 4.5%FL Clbl CUM QDI	17,680	$441K	0.0%	$24.94	$25.10	—	PFD	40428h706
—	Regions Financial 6.375% Cl 12	18,200	$439K	0.0%	$24.12	$24.49	—	PFD	7591ep308
—	Reinsurance Group of Amer 6.2%	16,300	$432K	0.0%	$26.50	$26.00	—	PFD	759351703
—	Manulife Financial Corp	22,305	$431K	0.0%	$19.32	$16.11	—	COM	56501r106
—	Xylem Inc	11,721	$427K	0.0%	$36.43	$26.94	—	COM	98419m100
—	McGraw Hill Financial Inc	5,500	$420K	0.0%	$76.36	$53.27	—	COM	580645109
—	Regency Centers 6.00% Perp CUM	19,100	$417K	0.0%	$21.83	$24.32	—	PFD	758849806
—	Royal Dutch Shell Plc-ADR A	5,674	$415K	0.0%	$73.14	$63.91	—	COM	780259206
TJX	TJX Companies Inc	6,758	$410K	0.0%	$60.67 *	$21.37	+20.8%	COM	872540109
—	Public Storage 6.5% Perp Call	15,950	$410K	0.0%	$25.71	$25.57	—	PFD	74460d158
—	Marathon Oil Corp	11,523	$409K	0.0%	$35.49	$34.66	—	COM	565849106
TEVA	Teva Pharmaceutical-Sp ADR	7,726	$408K	0.0%	$52.81	$38.94	+35.7%	COM	881624209
PSX	Phillips 66	5,249	$404K	0.0%	$76.97 *	$44.31	+14.1%	COM	718546104
—	Strategic Hotels&Resorts 8.25%	15,998	$403K	0.0%	$25.19	$24.13	—	PFD	86272t502
AEP	American Electric Power	7,901	$400K	0.0%	$50.63 *	$30.28	+10.0%	COM	025537101
—	Vanguard Info Tech Vipers	4,365	$400K	0.0%	$91.64	$91.64	—	COM	92204a702
—	Strategic Hotels&Resorts 8.25%	15,638	$398K	0.0%	$25.45	$24.32	—	PFD	024296164
STT	State Street Corp	5,684	$395K	0.0%	$69.49 *	$46.16	+9.7%	COM	857477103
—	Raymond James Financial 6.90%	15,120	$395K	0.0%	$26.12	$26.46	—	PFD	754730208
SCHD	Schwab US Dividend Equity ETF	10,595	$390K	0.0%	$36.81 *	$12.00	+2.4%	COM	808524797
SU	Suncor Energy Inc	11,100	$388K	0.0%	$34.95 *	$19.64	+18.6%	COM	867224107
—	Allied Capital ARCC6.875% 4/20	15,567	$387K	0.0%	$24.86	$25.00	—	PFD	01903q207
GS	Goldman Sachs Group Inc	2,360	$387K	0.0%	$163.98 *	$120.06	+8.7%	COM	38141G104
—	Biocryst Pharmaceuticals Inc	36,261	$384K	0.0%	$10.59	$1.54	—	COM	09058v103
—	Sirius XM Holdings Inc	119,284	$382K	0.0%	$3.20	$3.49	—	COM	82968b103
—	Pitney Bowes 6.7% Cl 3/7/18	14,900	$378K	0.0%	$25.37	$25.26	—	PFD	724479506
—	General Growth Prop 6.375% Cl	16,200	$377K	0.0%	$23.27	$23.17	—	PFD	370023202
—	GE Cap Corp 6.25% Perp/Call 12	350,000	$375K	0.0%	$1.07	$1.03	—	PFD	369622SP1
IWD	iShares Russell 1000 Value	3,851	$372K	0.0%	$96.60	$86.94	+11.0%	COM	464287598
IYZ	iShares DJ US Telecommunicatio	12,331	$370K	0.0%	$30.01	$26.50	+13.1%	COM	464287713
—	Guggenheim S&P Equal Weight ET	5,070	$370K	0.0%	$72.98	$65.45	—	COM	78355w106
BAX	Baxter International Inc.	5,000	$368K	0.0%	$73.60 *	$30.57	+6.6%	COM	071813109
AMZN	Amazon.Com Inc	1,088	$366K	0.0%	$336.40 *	$18.26	-7.9%	COM	023135106
—	Bank of America 6.625%Prp Cl 1	14,302	$365K	0.0%	$25.52	$26.15	—	PFD	060505740
PAA	Plains All American Pipeline L	6,622	$365K	0.0%	$55.12	$54.57	—	COM	726503105
—	News Corp 7.00% 12/1/2095 call	14,297	$365K	0.0%	$25.53	$25.00	—	PFD	863117206
YUM	Yum! Brands Inc	4,821	$363K	0.0%	$75.30 *	$39.08	+10.9%	COM	988498101
—	Medical Properties Trust Inc	28,384	$363K	0.0%	$12.79	$14.28	—	COM	68463J304
—	Celgene Corp	2,603	$363K	0.0%	$139.45	$117.11	—	COM	151020104
—	L-3 Communications Holdings	3,036	$359K	0.0%	$118.25	$86.36	—	COM	502424104
IWR	iShares Russell Midcap Index	2,316	$358K	0.0%	$154.58 *	$34.21	+13.1%	COM	464287499
—	Guggenheim BRIC ETF	10,955	$355K	0.0%	$32.41	$30.73	—	COM	18383m100
—	Vanguard Consumer Discretionar	3,279	$347K	0.0%	$105.82	$105.82	—	COM	92204a108
—	EnerSys	5,015	$347K	0.0%	$69.19	$70.07	—	COM	29275y102
—	Adobe Systems Inc	5,170	$340K	0.0%	$65.76	$48.72	—	COM	00724f101
—	Magellan Midstream Partners	4,832	$337K	0.0%	$69.74	$54.53	—	COM	559080106
SYK	Stryker Corp	4,135	$337K	0.0%	$81.50 *	$57.80	+22.8%	COM	863667101
VIG	Vanguard Dividend Appreciation	4,474	$337K	0.0%	$75.32	$67.78	+11.0%	COM	921908844
—	Check Point Software Tech	4,954	$335K	0.0%	$67.62	$64.89	—	COM	2181334
SCHW	Schwab (Charles) Corp	12,270	$335K	0.0%	$27.30 *	$15.92	+49.3%	COM	808513105
IWM	iShares Russell 2000 Index Fun	2,841	$331K	0.0%	$116.51	$96.24	+20.9%	COM	464287655
—	Axis Capital 6.875% Cl 4/17 QD	13,050	$329K	0.0%	$25.21	$26.15	—	PFD	g0692u307
—	US Cellular 6.95% 2060 Cl 05/2	12,935	$328K	0.0%	$25.36	$25.30	—	PFD	911684405
—	PrivateBancorp PVTB 7.125% Cal	12,595	$327K	0.0%	$25.96	$25.98	—	PFD	742962400
—	Northeast Utilities	7,143	$325K	0.0%	$45.50	$42.08	—	COM	664397106
—	ING Grp NV 7.20%Pfd Perp/Cl l2	12,449	$322K	0.0%	$25.87	$25.21	—	PFD	456837301
SIEGY	Siemens Ag-Spons ADR	2,385	$322K	0.0%	$135.01	$106.19	+27.3%	COM	826197501
—	Marathon Petroleum Corp	3,602	$314K	0.0%	$87.17	$71.47	—	COM	56585a102
ALL	Allstate Corp	5,512	$312K	0.0%	$56.60 *	$37.12	+18.4%	COM	020002101
LULU	Lululemon Athletica Inc	5,939	$312K	0.0%	$52.53	$70.33	-25.2%	COM	550021109
—	Allegion PLC	5,940	$310K	0.0%	$52.19	$44.18	—	COM	g0176j109
—	Sunstone Hotel 8.00% Perp CUM	12,032	$309K	0.0%	$25.68	$25.24	—	PFD	867592507
RHI	Robert Half Intl Inc	7,300	$306K	0.0%	$41.92	$34.44	+21.8%	COM	770323103
—	Quest Diagnostics	5,285	$306K	0.0%	$57.90	$60.65	—	COM	74834l100
—	ProLogis Inc	7,441	$304K	0.0%	$40.85	$37.73	—	COM	74340w103
—	Solar Capital 6.75% Cl 11/17	13,000	$302K	0.0%	$23.23	$24.27	—	PFD	83413u308
—	Realty Income 6.625% Call 2/17	11,900	$300K	0.0%	$25.21	$25.73	—	PFD	756109807
ROK	Rockwell Automation Inc	2,394	$298K	0.0%	$124.48 *	$89.02	+10.8%	COM	773903109
—	PS Business Parks 6.0% Cl 5/20	13,230	$298K	0.0%	$22.52	$24.51	—	PFD	69360j685
—	Nordstrom Inc	4,759	$297K	0.0%	$62.41	$60.13	—	COM	655664100
—	Banco Santander 6.80% QDI Clbl	11,590	$294K	0.0%	$25.37	$25.22	—	PFD	80281r706
—	Merrill Lynch 7.28% Perp Cl 9/	11,503	$293K	0.0%	$25.47	$25.18	—	PFD	59021k205
—	Hanover Insurance 6.35% Cl 3/1	12,700	$293K	0.0%	$23.07	$24.29	—	PFD	410867204
—	Citigroup Inc 5.95% Perp Call	295,000	$288K	0.0%	$0.98	$0.99	—	PFD	172967GD7
—	Deutsche Bnk 6.625% Prp Cl 8/1	11,183	$287K	0.0%	$25.66	$25.00	—	PFD	25153y206
—	Argo Group 6.5% Sr Notes Call	12,250	$282K	0.0%	$23.02	$24.56	—	PFD	040130205
—	Dow Chemical	5,748	$279K	0.0%	$48.54	$45.04	—	COM	260543103
—	EOG Resources Inc	1,386	$272K	0.0%	$196.25	$133.79	—	COM	26875p101
—	Citigroup 5.8% B1 Call 4/18 QD	11,900	$272K	0.0%	$22.86	$23.86	—	PFD	172967366
—	Tesla Motors Inc	1,289	$269K	0.0%	$208.69	$150.65	—	COM	88160r101
—	First Trust Mid Cap Value ETF	8,783	$268K	0.0%	$30.51	$25.60	—	COM	33737m201
—	First Trust Mid Cap Growth Alp	9,419	$266K	0.0%	$28.24	$28.06	—	COM	33737m102
—	Apache Corp	3,203	$266K	0.0%	$83.05	$83.75	—	COM	037411105
VTV	Vanguard Value Vipers	3,378	$264K	0.0%	$78.15	$75.76	+3.1%	COM	922908744
—	FedEx Corp	1,970	$261K	0.0%	$132.49	$114.01	—	COM	31428x106
—	Vanguard Energy ETF	2,025	$260K	0.0%	$128.40	$128.40	—	COM	92204a306
—	Market Vectors Agribusiness ET	4,710	$256K	0.0%	$54.35	$51.22	—	COM	57060u605
—	Actavis LTD	1,238	$255K	0.0%	$205.98	$205.98	—	COM	097252718
—	Vornado Realty 5.7% Prp Cl 7/1	11,746	$255K	0.0%	$21.71	$23.55	—	PFD	929042851
—	BAC Flt LIB+35 BB+ NCU QDI Cl	11,845	$255K	0.0%	$21.53	$23.02	—	PFD	060505815
—	CenturyLink Quest 6.125%Nts Cl	11,500	$253K	0.0%	$22.00	$24.11	—	PFD	74913g600
—	Vanguard Consumer Staples Vipe	2,280	$253K	0.0%	$110.96	$110.96	—	COM	92204a207
—	National Oilwell Varco Inc	3,244	$253K	0.0%	$77.99	$79.60	—	COM	637071101
—	Strategic Hotels&Rsrts 8.50% C	9,871	$252K	0.0%	$25.53	$25.53	—	PFD	86272t304
—	Kimco Realty 6.90% Perp Call8/	9,626	$248K	0.0%	$25.76	$25.52	—	PFD	49446r828
—	Total SA-Spon ADR	3,753	$246K	0.0%	$65.55	$52.81	—	COM	89151e109
IYE	iShares DJ US Energy Sector	4,812	$245K	0.0%	$50.91	$45.15	+12.9%	COM	464287796
BEN	Franklin Resources Inc	4,495	$244K	0.0%	$54.28 *	$29.22	+11.0%	COM	354613101
—	DIRECTV Group Inc/The	3,184	$243K	0.0%	$76.32	$61.63	—	COM	25490a309
—	Energy Transfer Partners LP	4,490	$242K	0.0%	$53.90	$50.46	—	COM	29273r109
—	Citigroup Tst 7.875% Cl2015 Li	8,710	$242K	0.0%	$27.78	$27.48	—	PFD	173080201
—	Hubbell Inc -Cl B	2,000	$240K	0.0%	$120.00	$104.50	—	COM	443510201
—	Taubman Centers 6.5% CUM NA Cl	10,151	$240K	0.0%	$23.64	$24.81	—	PFD	876664608
FXI	iShares FTSE/Xinhua China 25	6,685	$239K	0.0%	$35.75	$35.51	+0.8%	COM	464287184
—	Plum Creek Timber Co	5,629	$237K	0.0%	$42.10	$46.09	—	COM	729251108
OGE	OGE Energy Corp	6,400	$235K	0.0%	$36.72	$35.42	+3.8%	COM	670837103
—	Barclay's 6.625% Perpetual 9/1	9,254	$234K	0.0%	$25.29	$24.70	—	PFD	06739f390
—	Annaly Capital 7.625% Perp Cl	9,532	$232K	0.0%	$24.34	$24.78	—	PFD	035710706
ITW	Illinois Tool Works	2,842	$231K	0.0%	$81.28 *	$55.02	+12.5%	COM	452308109
—	Vornado Realty7.875% 2039 Cl 1	8,950	$231K	0.0%	$25.81	$25.96	—	PFD	929043602
—	MetLife 3MoLibor+100 Min 4.0%	9,965	$231K	0.0%	$23.18	$24.31	—	PFD	59156r504
TXN	Texas Instruments Inc	4,800	$226K	0.0%	$47.08 *	$30.07	+13.7%	COM	882508104
IYH	iShares DJ US Healthcare Sec	1,829	$225K	0.0%	$123.02 *	$21.21	+16.0%	COM	464287762
HSY	Hershey Co/The	2,134	$223K	0.0%	$104.50 *	$72.20	+9.4%	COM	427866108
—	Flagstar Bancorp Inc	10,000	$222K	0.0%	$22.20	$14.00	—	COM	337930705
—	ProShares Short 20+ Treasury	7,245	$220K	0.0%	$30.37	$31.37	—	COM	74347x849
GWW	Grainger (W.W.) Inc	853	$216K	0.0%	$253.22 *	$212.81	-2.0%	COM	384802104
IUSV	iShares Russell 3000 Value	1,714	$216K	0.0%	$126.02 *	$39.64	+6.2%	COM	464287663
—	Arbor Realty 8.50% CUM Perp Ca	8,700	$215K	0.0%	$24.71	$24.71	—	PFD	038923801
—	Seaspan 9.50% 1/2049 Call 1/20	7,785	$214K	0.0%	$27.49	$27.49	—	PFD	B643v81
EWC	iShares MSCI Canada Index	7,250	$214K	0.0%	$29.52	$27.70	+6.7%	COM	464286509
—	Flowserve Corp	2,676	$210K	0.0%	$78.48	$78.85	—	COM	34354p105
—	Facebook Inc	3,428	$207K	0.0%	$60.39	$60.39	—	COM	30303m102
—	MFA Financial 7.5% Prp Cl 4/15	8,607	$204K	0.0%	$23.70	$23.70	—	PFD	55272x409
—	Sunoco Logistics Partners LP	2,250	$204K	0.0%	$90.67	$90.67	—	COM	86764l108
—	Amarillo Gold Corp	1,400,000	$203K	0.0%	$0.14	$0.19	—	COM	041133317
—	Blackrock Inc	640	$201K	0.0%	$314.06	$317.19	—	COM	09247x101
—	Monsanto Co	1,763	$201K	0.0%	$114.01	$116.78	—	COM	61166w101
—	iShares MSCI Singapore Index	10,228	$134K	0.0%	$13.10	$13.10	—	COM	464286673
—	Glencore Xstrata	12,201	$125K	0.0%	$10.25	$10.40	—	COM	37827x100
—	Frontier Communications Corp	15,371	$88,000	0.0%	$5.73	$4.07	—	COM	35906a108
—	Sierra Vista Bank	20,000	$67,000	0.0%	$3.35	$2.55	—	COM	82651b105
—	Yingli Green Energy Holding Co	15,000	$65,000	0.0%	$4.33	$3.27	—	COM	98584b103
—	Eurasian Minerals Inc	54,086	$56,000	0.0%	$1.04	$1.17	—	COM	29843r100
CERS	Cerus Corp	10,000	$48,000	0.0%	$4.80	$4.84	-0.8%	COM	157085101
—	HPEV Inc	20,800	$33,000	0.0%	$1.59	$1.59	—	COM	404273104
—	Zogenix Inc	10,000	$28,000	0.0%	$2.80	$1.70	—	COM	98978l105
—	Novabay Pharmaceuticals Inc	23,333	$27,000	0.0%	$1.16	$1.37	—	COM	66987p102
—	Silvercorp Metals Inc	10,000	$20,000	0.0%	$2.00	$2.80	—	COM	82835p103
—	Li & Fung Ltd Ord New	10,000	$15,000	0.0%	$1.50	$1.40	—	COM	g5485f151
—	Spectral Diagnostics Inc	25,000	$7,000	0.0%	$0.28	$0.28	—	COM	847574100
—	Integral Technologies Inc	17,000	$5,000	0.0%	$0.29	$0.59	—	COM	45810j103
—	Gasco Energy Inc	12,245	$1,000	0.0%	$0.08	—	—	COM	367220100
—	EMC Metals Corp	23,400	$1,000	0.0%	$0.04	$0.04	—	COM	268665106
—	Encounter Technologies Inc	62,000	$0	0.0%	$0.00	—	—	COM	29259j105
—	Piedmont Mining Co Inc	10,000	$0	0.0%	$0.00	—	—	COM	720172105
—	Infinito Gold Ltd	33,130	$0	0.0%	$0.00	—	—	COM	45671c106
—	Voyant International Corp	53,652	$0	0.0%	$0.00	—	—	COM	92909w108