Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR DJIA	39,672	$7.836B	3.0%	$168152.42	—	COM	78467x109
NGL	NGL Energy LP	354,235	$7.439B	2.9%	$33405.04	—	COM	62913M107
WMB	Williams Companies	209,290	$6.517B	2.5%	$19.80	-6.4%	COM	969457100
—	Magellan LP	84,702	$6.406B	2.5%	$54940.09	—	COM	559080106
—	Rice Midstream LP	225,788	$5.55B	2.2%	$16473.83	—	COM	762819100
—	QCR Holdings	117,303	$5.079B	2.0%	$16036.23	—	COM	74727a104
OKE	ONEOK	83,389	$4.787B	1.9%	$21.15	+42.1%	COM	682680103
—	EnLink Midstream LP	223,041	$4.108B	1.6%	$29255.63	—	COM	29336u107
—	Targa Resources	71,258	$3.995B	1.6%	$45184.28	—	COM	87612g101
—	Alliance Holdings	142,032	$3.991B	1.6%	$55822.59	—	COM	01861g100
—	Alaska Communications	3,985,000	$3.935B	1.5%	$941.25	—	CONV BOND	01167pae1
—	EZCorp	3,710,000	$3.576B	1.4%	$716.21	—	CONV BOND	302301AB2
GEL	Genesis Energy	98,488	$3.548B	1.4%	$51672.32	—	COM	371927104
—	MPLX	97,207	$3.365B	1.3%	$39473.11	—	COM	55336v100
—	Goldman Sachs	13,949	$3.34B	1.3%	$163236.95	—	COM	38141g104
—	Antero Midstream	104,380	$3.223B	1.3%	$27870.00	—	COM	03673l103
—	Summit Financial	114,382	$3.149B	1.2%	$11259.59	—	COM	86606g101
EPD	Enterprise Products	115,904	$3.134B	1.2%	$33050.05	—	COM	293792107
—	Banc of California	172,217	$2.988B	1.2%	$12859.73	—	COM	05990k106
—	VTTI Energy LP	176,262	$2.847B	1.1%	$24101.16	—	COM	y9384m101
—	SB Financial	172,871	$2.775B	1.1%	$8527.03	—	COM	78408d105
—	Holly Energy LP	83,799	$2.687B	1.0%	$37150.52	—	COM	435763107
—	Wintrust Financial	1,408	$2.538B	1.0%	$1215261.90	—	CONV PREF	97650w306
—	Phillips 66 LP	51,485	$2.504B	1.0%	$55758.88	—	COM	718549207
—	3M	13,992	$2.499B	1.0%	$116410.43	—	COM	88579y101
—	Macquarie Infr	2,425,000	$2.432B	0.9%	$1002.85	—	CONV BOND	55608BAB1
—	Shell Midstream LP	81,918	$2.383B	0.9%	$39381.44	—	COM	822634101
SFST	Southern First Banc	64,311	$2.315B	0.9%	$12.67	+137.8%	COM	842873101
IBM	IBM	13,945	$2.315B	0.9%	$117.36	-12.2%	COM	459200101
BA	Boeing	14,839	$2.31B	0.9%	$86.89	+55.4%	COM	097023105
—	Broadsoft Inc	1,960,000	$2.266B	0.9%	$1016.39	—	CONV BOND	11133BAB8
CVX	Chevron	19,212	$2.261B	0.9%	$72.40	+1.9%	COM	166764100
—	UnitedHealth	14,119	$2.26B	0.9%	$69896.05	—	COM	91324p102
—	Prospect Capital	2,209,000	$2.25B	0.9%	$1026.36	—	CONV BOND	74348TAK8
—	Titan Machinery	2,527,000	$2.249B	0.9%	$855.95	—	CONV BOND	88830RAB7
—	Bunge	21,982	$2.245B	0.9%	$101898.09	—	CONV PREF	g16962204
—	Tesoro Logistics	44,137	$2.243B	0.9%	$45123.72	—	COM	88160T107
—	Iridium Comm	19,381	$2.156B	0.8%	$67435.05	—	CONV PREF	46269c508
—	KB HOME	2,185,000	$2.108B	0.8%	$1003.62	—	CONV BOND	48666KAS8
—	Blucora	2,010,000	$2.002B	0.8%	$943.91	—	CONV BOND	095229AB6
—	Navistar	2,020,000	$1.972B	0.8%	$934.77	—	CONV BOND	63934eaq1
HD	Home Depot	14,687	$1.969B	0.8%	$57.74	+79.1%	COM	437076102
—	Plains GP Holdings	55,603	$1.928B	0.7%	$34679.84	—	COM	72651a207
—	Greenbriar Co	1,537,000	$1.92B	0.7%	$1067.14	—	CONV BOND	393657AH4
MBWM	Mercantile Bank	49,902	$1.881B	0.7%	$13.04	+70.3%	COM	587376104
JNJ	Johnson & Johnson	16,301	$1.878B	0.7%	$67.93	+32.1%	COM	478160104
—	Atlas Air Worldwide	1,845,000	$1.876B	0.7%	$813.71	—	CONV BOND	049164BH8
MCD	McDonald's	15,183	$1.848B	0.7%	$71.62	+31.7%	COM	580135101
—	Quidel	1,820,000	$1.803B	0.7%	$994.96	—	CONV BOND	74838JAA9
—	Schulmann	1,999	$1.744B	0.7%	$872500.25	—	CONV PREF	808194302
—	Travelers	13,932	$1.706B	0.7%	$82914.17	—	COM	89417e109
AAPL	Apple	14,699	$1.702B	0.7%	$26.84	-2.8%	COM	037833100
—	General Cable	2,150,000	$1.677B	0.7%	$1087.13	—	CONV BOND	369300al2
—	Eastern Virginia Banks	156,034	$1.631B	0.6%	$5650.58	—	COM	277196101
—	Delek Logistics LP	56,715	$1.619B	0.6%	$28580.00	—	COM	24664t103
—	Global Eagle Ent	2,020,000	$1.618B	0.6%	$801.05	—	CONV BOND	37951DAB8
—	Kimball Electronics	88,555	$1.612B	0.6%	$11930.00	—	COM	49428j109
—	First Bancshares	59,406	$1.604B	0.6%	$14411.45	—	COM	318916103
—	Exxon Mobil	17,484	$1.578B	0.6%	$91246.90	—	COM	30231g102
—	JPMorgan	18,080	$1.56B	0.6%	$54066.50	—	COM	46625h100
NMIH	NMI Holdings	145,180	$1.546B	0.6%	$8.84	0.0%	COM	629209305
—	Aircastle LTD	73,024	$1.523B	0.6%	$16175.46	—	COM	g0129k104
—	United Technologies	13,864	$1.52B	0.6%	$95947.12	—	COM	913017109
DIS	Disney	14,529	$1.514B	0.6%	$61.58	+47.3%	COM	254687106
CIVB	Civista Bancsh	73,631	$1.431B	0.6%	$8.76	+47.5%	COM	178867107
ONB	Old National Bancorp	78,254	$1.42B	0.6%	$13.44	+19.6%	COM	680033107
—	Premier Financial	70,020	$1.407B	0.5%	$14020.36	—	COM	74050m105
—	Jefferies	1,352,000	$1.364B	0.5%	$1077.32	—	CONV BOND	472319ag7
—	Peoples Financial	83,336	$1.346B	0.5%	$11639.32	—	COM	71103b102
—	Archrock Partners	83,507	$1.339B	0.5%	$16169.42	—	COM	03957u100
OLN	Olin Corp	52,112	$1.335B	0.5%	$16.84	+9.3%	COM	680665205
—	Superior Ind	50,369	$1.327B	0.5%	$17606.16	—	COM	868168105
AAL	American Air	28,270	$1.32B	0.5%	$32.34	+30.0%	COM	02376R102
PG	Procter & Gamble	15,688	$1.319B	0.5%	$55.78	+19.7%	COM	742718109
—	Teekay LNG LP	90,641	$1.31B	0.5%	$43562.55	—	COM	y8564m105
CAT	Caterpillar	13,921	$1.291B	0.5%	$64.97	+13.5%	COM	149123101
TSBK	Timberland Bancorp, Inc.	61,832	$1.277B	0.5%	$7.96	+69.6%	COM	887098101
—	Codorus Bancorp	41,929	$1.199B	0.5%	$19760.02	—	COM	192025104
—	EnLink Midstream LLC	62,322	$1.187B	0.5%	$30980.27	—	COM	29336t100
FCCO	First Community	65,440	$1.181B	0.5%	$8.74	+49.1%	COM	319835104
—	Royal Gold	1,120,000	$1.174B	0.5%	$966.12	—	CONV BOND	780287AA6
—	Sunpower	1,735,000	$1.146B	0.4%	$802.11	—	CONV BOND	867652AJ8
—	McDermott Int	153,028	$1.131B	0.4%	$7010.04	—	COM	580037109
IBCP	Independent Bank	51,629	$1.12B	0.4%	$4.96	+167.3%	COM	453838609
—	MutualFirst Fin	33,810	$1.119B	0.4%	$15366.12	—	COM	62845b104
—	Visa	14,184	$1.107B	0.4%	$209028.31	—	COM	92826c839
—	Iridium Comm	115,245	$1.106B	0.4%	$7539.86	—	COM	46269c102
—	du Pont	14,881	$1.092B	0.4%	$56844.73	—	COM	263534109
—	PetroQuest Energy	65,022	$1.065B	0.4%	$32401.73	—	CONV PREF	716748207
PEBK	Peoples Bancorp	42,411	$1.063B	0.4%	$14.43	+39.0%	COM	710577107
—	Iridium Comm	3,000	$1.051B	0.4%	$308000.00	—	CONV PREF	46269c409
HVT	Haverty Furniture	43,800	$1.038B	0.4%	$21.46	-2.5%	COM	419596101
MSFT	Microsoft	16,643	$1.034B	0.4%	$27.82	+93.9%	COM	594918104
AXP	American Express	13,905	$1.03B	0.4%	$63.34	-3.7%	COM	025816109
—	General Electric	32,254	$1.019B	0.4%	$23429.61	—	COM	369604103
—	Alaska Comm	620,415	$1.017B	0.4%	$2338.37	—	COM	01167p101
WMT	Wal-Mart	14,525	$1.004B	0.4%	$20.02	-0.5%	COM	931142103
—	Lannett Company	45,292	$999M	0.4%	$23812.26	—	COM	516012101
—	Nicolet Bankshares	21,052	$996M	0.4%	$36369.98	—	COM	65406e102
—	Freddie Mac	148,300	$994M	0.4%	$3950.00	—	PREF STK	313400640
UBOH	United Bancshares	44,520	$953M	0.4%	$14512.17	—	COM	909458101
—	Two River Bancorp	62,391	$931M	0.4%	$10127.01	—	COM	90207c105
—	Merck	15,539	$915M	0.4%	$49416.61	—	COM	58933y105
—	Invensense	915,000	$911M	0.4%	$918.75	—	CONV BOND	46123DAB2
BAC	Bank of America	40,612	$898M	0.3%	$10.95	+43.2%	COM	060505104
—	Masonite Int	13,619	$896M	0.3%	$50125.18	—	COM	575385109
—	MDC Holdings	34,733	$891M	0.3%	$29372.51	—	COM	552676108
—	First South Bancorp	73,730	$881M	0.3%	$8998.15	—	COM	33646W100
—	Verizon	16,420	$877M	0.3%	$49973.32	—	COM	92343v104
—	HMN Financial	49,975	$875M	0.3%	$7740.79	—	COM	40424g108
—	Cenveo Corp	875,000	$866M	0.3%	$1006.63	—	CONV BOND	15671BAJ0
—	Arcbest Corp	30,752	$850M	0.3%	$40238.85	—	COM	03937c105
—	Teekay Inc	105,437	$847M	0.3%	$42591.58	—	COM	y8564w103
PKBK	Parke Bancorp	41,936	$845M	0.3%	$8.59	+19.2%	COM	700885106
LOCO	El Pollo Loco	68,485	$842M	0.3%	$12.57	-1.6%	COM	268603107
—	Communications Sales	33,140	$842M	0.3%	$23708.35	—	COM	20341j104
—	Kinder Morgan	40,554	$840M	0.3%	$38825.42	—	COM	49456b101
UIS	Unisys	53,430	$799M	0.3%	$19.06	-33.3%	COM	909214306
—	Barnes & Noble	68,009	$758M	0.3%	$12019.99	—	COM	067774109
—	AmeriServ Fin	204,537	$757M	0.3%	$2922.09	—	COM	03074a102
—	MainSource Financial	21,041	$724M	0.3%	$14221.96	—	COM	56062y102
—	Contura Energy	10,100	$717M	0.3%	$42039.61	—	COM	21241b100
—	Sunpower	1,000,000	$713M	0.3%	$713.13	—	CONV BOND	867652AL3
NKE	Nike	13,912	$707M	0.3%	$32.82	+38.9%	COM	654106103
ZION	Zions Bancorp	15,951	$687M	0.3%	$26.92	+36.9%	COM	989701107
CFG	Citizens Financial	18,495	$659M	0.3%	$16.09	+32.6%	COM	174610105
—	Cenveo Corp	645,000	$645M	0.3%	$1006.25	—	CONV BOND	15671BAG6
PFE	Pfizer	19,758	$642M	0.2%	$16.71	+22.7%	COM	717081103
KO	Coca-Cola	15,073	$625M	0.2%	$27.92	+11.8%	COM	191216100
—	Astoria Financial	33,190	$619M	0.2%	$11743.63	—	COM	046265104
—	First United	37,113	$592M	0.2%	$15231.63	—	COM	33741h107
INTC	Intel	15,923	$578M	0.2%	$18.47	+57.8%	COM	458140100
—	SunTrust	10,487	$575M	0.2%	$33385.93	—	COM	867914103
—	RAIT Financial	615,000	$570M	0.2%	$951.63	—	CONV BOND	749227AB0
RAIL	FreightCar America	37,692	$563M	0.2%	$21.22	-32.7%	COM	357023100
—	Hercules Offshore	749,433	$562M	0.2%	$2247.16	—	COM	427093307
—	SPDR S&P 600	4,238	$504M	0.2%	$107266.53	—	COM	78464a300
—	Central Valley Comm Banc	24,942	$498M	0.2%	$11423.23	—	COM	155685100
IYF	DJ US Financial Sector	4,774	$484M	0.2%	$81759.95	—	COM	464287788
—	Navios Maritime Holdings	334,400	$472M	0.2%	$2235.81	—	COM	y62196103
—	Cisco	14,695	$444M	0.2%	$24390.70	—	COM	17275r102
—	Rent-A-Center	36,795	$414M	0.2%	$25505.86	—	COM	76009n100
MOFG	MidWest One Fin	10,964	$412M	0.2%	$24.61	+35.4%	COM	598511103
C	Citigroup	6,464	$384M	0.1%	$34.17	+18.9%	COM	172967424
FCF	First Commonwealth	24,798	$352M	0.1%	$4.97	+73.5%	COM	319829107
PAA	Plains All American LP	10,739	$347M	0.1%	$55710.78	—	COM	726503105
FBNC	First Bancorp	12,489	$339M	0.1%	$11.04	+74.6%	COM	318910106
—	HopFed Bancorp	24,861	$335M	0.1%	$10965.46	—	COM	439734104
HWBK	Hawthorn Bancshares	18,639	$330M	0.1%	$13.33	+2.8%	COM	420476103
FITB	Fifth Third	11,275	$304M	0.1%	$11.71	+47.6%	COM	316773100
—	Xerium Technologies	49,330	$277M	0.1%	$9852.27	—	COM	98416j118
—	First NBC Bank	37,545	$274M	0.1%	$7300.01	—	COM	32115d106
EEM	MSCI Emerging Markets	7,615	$267M	0.1%	$43229.94	—	COM	464287234
—	Zions Bancorp	22,438	$264M	0.1%	$3301.27	—	COM	989701115
—	Energy Transfer Equity	12,768	$247M	0.1%	$38641.83	—	COM	29273v100
—	1st Constitution Banc	12,417	$232M	0.1%	$11326.63	—	COM	31986n102
BBT	Berkshire Hills Banc	5,944	$219M	0.1%	$18.37	+33.7%	COM	084680107
—	A T & T	5,024	$214M	0.1%	$35247.94	—	COM	00206r102
—	Bank of America	215,625	$207M	0.1%	$573.40	—	COM	060505153
—	RAIT Financial	54,800	$184M	0.1%	$4480.85	—	COM	749227609
—	Hawaiian Holdings	3,180	$181M	0.1%	$6275.29	—	COM	419879101
—	Bank of America	18,000	$179M	0.1%	$4430.00	—	COM	060506146
TIP	Barclays TIPS ETF	1,392	$158M	0.1%	$112114.95	—	COM	464287176
—	Citigroup	1,005,040	$153M	0.1%	$392.52	—	COM	172967226
—	Energy Transfer Partners	4,186	$150M	0.1%	$51820.04	—	COM	29273R109
—	DCB Financial	7,827	$145M	0.1%	$5299.99	—	COM	233075100
FNB	FNB Corporation	8,444	$135M	0.1%	$7.90	+26.6%	COM	302520101
—	Genco Shipping	15,837	$117M	0.0%	$2615.22	—	COM	y2685t131
—	Cenveo	15,555	$109M	0.0%	$1929.80	—	COM	15670s105
SCHO	Schwab ST Treasury ETF	2,124	$107M	0.0%	$50947.34	—	COM	808524862
—	SemGroup	2,157	$90.06M	0.0%	$41750.12	—	COM	81663a105
—	Alliance Resource LP	3,300	$74.08M	0.0%	$58640.00	—	COM	01877r108
—	Transmontaigne LP	1,625	$71.94M	0.0%	$42165.18	—	COM	89376v100
F	Ford	5,708	$69.24M	0.0%	$9.18	-18.6%	COM	345370860
—	BB&T Corp	1,443	$67.85M	0.0%	$34446.21	—	COM	054937107
—	WPX Energy	4,630	$67.45M	0.0%	$14568.90	—	COM	98212b103
—	Altria	853	$57.68M	0.0%	$67615.48	—	COM	02209s103
EZPW	EZCORP	4,465	$47.55M	0.0%	$5.57	+93.7%	COM	302301106
MMLP	Martin Midstream LP	1,995	$36.61M	0.0%	$43099.80	—	COM	573331105
—	EOG Resources	336	$33.97M	0.0%	$74973.41	—	COM	26875p101
—	Bank of America	29	$33.84M	0.0%	$1109103.50	—	CONV PREF	060505682
—	QEP Resources	1,500	$27.61M	0.0%	$29788.70	—	COM	74733v100
—	BOK Financial	310	$25.75M	0.0%	$83070.97	—	COM	05561q201
—	Teekay Offshore	4,757	$24.07M	0.0%	$32508.02	—	COM	y8565j101
AGM	Federal Agricultural Mortg	400	$22.91M	0.0%	$23.58	+53.1%	COM	313148306
—	Seagate Tech	600	$22.9M	0.0%	$24360.00	—	COM	G7945M107
—	Teekay Tankers	10,000	$22.6M	0.0%	$6900.00	—	COM	y8565n102
—	ONEOK LP	500	$21.5M	0.0%	$43496.49	—	COM	68268N103
—	Umpqua Holdings	1,100	$20.66M	0.0%	$15010.00	—	COM	904214103
—	A E S TRUST III	375	$18.9M	0.0%	$50496.97	—	CONV PREF	00808n202
—	Spartan Motors	2,000	$18.5M	0.0%	$5662.03	—	COM	846819100
—	LGI Homes	600	$17.24M	0.0%	$24210.00	—	COM	50187t106
—	BNC Bancorp	500	$15.95M	0.0%	$31900.00	—	COM	05566t101
—	AK Steel	1,500	$15.31M	0.0%	$4660.00	—	COM	001547108
—	Navios Maritime Acq	9,000	$15.3M	0.0%	$1350.00	—	COM	y62159101
—	First Savings Financial	320	$15.04M	0.0%	$47000.00	—	COM	33621e109
—	American Air	11,453	$15M	0.0%	$11389.94	—	COM	001765106
COFS	Choiceone Financial	576	$13.63M	0.0%	$9.50	+55.6%	COM	170386106
—	Southwestern Energy	1,205	$13.04M	0.0%	$22913.25	—	COM	845467109
—	SUPERVALU	2,600	$12.14M	0.0%	$4670.00	—	COM	868536103
—	Navios Maritime LP	8,200	$11.56M	0.0%	$14178.12	—	COM	y62267102
—	Banner Corp	200	$11.18M	0.0%	$33835.00	—	COM	06652v208
—	Emerge Energy LP	850	$10.46M	0.0%	$4970.59	—	COM	29102H108
—	PetroQuest Energy	2,500	$8.275M	0.0%	$605.90	—	COM	716748108
—	Sunoco Logistics	320	$7.686M	0.0%	$24018.75	—	COM	86764l108
WEBC	Webco Ind	100	$7.4M	0.0%	$62.29	0.0%	COM	947621207
—	Alerian MLP	580	$7.308M	0.0%	$12600.00	—	COM	00162Q866
—	DR Horton	250	$6.833M	0.0%	$28832.00	—	COM	23331a109
—	United Community Banks	220	$6.516M	0.0%	$12814.59	—	COM	90984p303
TOL	Toll Brothers	200	$6.2M	0.0%	$36.06	-17.8%	COM	889478103
—	Direxion Daily Small Cap	200	$3.97M	0.0%	$19850.00	—	COM	25490k521
—	Capital Bank Fin	98	$3.847M	0.0%	$19019.03	—	COM	139794101
—	Alliance One Int	200	$3.84M	0.0%	$19200.00	—	COM	018772103
—	Horsehead Holdings	3,697	$3.697M	0.0%	$1000.00	—	COM	44069P118
—	Meritage Homes	100	$3.48M	0.0%	$34800.00	—	COM	59001a102
—	Boardwalk LP	200	$3.472M	0.0%	$12980.00	—	COM	096627104
—	Park Sterling	164	$1.77M	0.0%	$6670.73	—	COM	70086y105
—	Harvest Natural Res	125	$773K	0.0%	$6184.00	—	COM	41754v103
—	Genco Shipping	2,155	$269K	0.0%	$410.21	—	COM	y2685t123
—	Kinder Morgan	7,140	$39,000	0.0%	$3020.16	—	COM	49456b119