Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial Average	36,750	$7.837B	3.0%	$168152.42	—	COM	78467x109
WMB	Williams Companies	204,073	$6.179B	2.4%	$19.80	-5.8%	COM	969457100
—	Magellan Midstream Partners	81,418	$5.803B	2.3%	$54940.09	—	COM	559080106
—	QCR Holdings	113,697	$5.389B	2.1%	$16036.23	—	COM	74727a104
NGL	NGL Energy Partners	346,430	$4.85B	1.9%	$33279.47	—	COM	62913M107
OKE	ONEOK	82,936	$4.326B	1.7%	$21.15	+43.3%	COM	682680103
—	Rice Midstream Partners	214,439	$4.276B	1.7%	$16473.83	—	COM	762819100
—	Banc of California	196,938	$4.234B	1.6%	$13879.69	—	COM	05990k106
—	Alaska Communications	3,960,000	$4.109B	1.6%	$941.25	—	CONV BOND	01167pae1
—	EnLink Midstream Partners	220,507	$3.74B	1.5%	$29078.76	—	COM	29336u107
—	EZCorp Inc	3,705,000	$3.589B	1.4%	$716.21	—	CONV BOND	302301AB2
—	Targa Resources Corp	79,286	$3.584B	1.4%	$45969.18	—	COM	87612g101
—	Goldman Sachs	15,391	$3.415B	1.3%	$169278.20	—	COM	38141g104
—	Antero Midstream Partners	100,889	$3.347B	1.3%	$27870.00	—	COM	03673l103
—	Alliance Holdings GP	138,672	$3.287B	1.3%	$55822.59	—	COM	01861g100
BA	Boeing	16,307	$3.225B	1.3%	$95.45	+83.2%	COM	097023105
—	MPLX	95,928	$3.204B	1.2%	$39437.91	—	COM	55336v100
—	3M	15,311	$3.188B	1.2%	$125312.04	—	COM	88579y101
GEL	Genesis Energy	96,819	$3.072B	1.2%	$51394.89	—	COM	371927104
EPD	Enterprise Products Partners	111,608	$3.022B	1.2%	$32947.13	—	COM	293792107
—	Macquarie Infrastructure	2,995,000	$3B	1.2%	$1002.62	—	CONV BOND	55608BAB1
—	UnitedHealth	15,572	$2.887B	1.1%	$81914.34	—	COM	91324p102
—	SB Financial Group	169,523	$2.862B	1.1%	$8627.84	—	COM	78408d105
—	A. Schulmann & Co	3,132	$2.668B	1.0%	$865690.30	—	CONV PREF	808194302
—	Wintrust Financial	34,305	$2.622B	1.0%	$76440.43	—	COM	97650w108
—	Holly Energy Partners L.P	80,496	$2.615B	1.0%	$37150.52	—	COM	435763107
MCD	McDonald's	16,551	$2.535B	1.0%	$76.05	+55.1%	COM	580135101
HD	Home Depot	16,105	$2.471B	1.0%	$64.30	+93.6%	COM	437076102
—	Phillips 66 Partners	49,733	$2.458B	1.0%	$55708.51	—	COM	718549207
—	Shell Midstream Partners	80,112	$2.427B	0.9%	$39381.44	—	COM	822634101
—	Titan Machinery	2,512,000	$2.424B	0.9%	$855.95	—	CONV BOND	88830RAB7
—	Summit Financial Group	108,007	$2.376B	0.9%	$11259.59	—	COM	86606g101
IBM	IBM	15,413	$2.371B	0.9%	$115.96	-10.5%	COM	459200101
—	Bunge Ltd.	22,440	$2.339B	0.9%	$101930.37	—	CONV PREF	g16962204
AAPL	Apple	16,218	$2.336B	0.9%	$27.61	+24.3%	COM	037833100
JNJ	Johnson & Johnson	17,631	$2.332B	0.9%	$70.80	+41.8%	COM	478160104
—	Iridium Communications	19,336	$2.313B	0.9%	$67435.05	—	CONV PREF	46269c508
—	KB HOME	2,140,000	$2.291B	0.9%	$1003.62	—	CONV BOND	48666KAS8
—	Andeavor Logistics LP	43,229	$2.235B	0.9%	$45320.65	—	COM	88160T107
—	Teekay LNG Partners	145,559	$2.234B	0.9%	$33127.35	—	COM	y8564m105
—	Broadsoft	1,905,000	$2.23B	0.9%	$1016.39	—	CONV BOND	11133BAB8
—	Prospect Capital Corp	2,179,000	$2.197B	0.9%	$1026.36	—	CONV BOND	74348TAK8
—	Transmontaigne Partners	51,978	$2.183B	0.8%	$42000.00	—	COM	89376v100
CVX	Chevron Corporation	20,610	$2.15B	0.8%	$72.46	+1.0%	COM	166764100
—	Quidel Corp	1,865,000	$2.072B	0.8%	$995.76	—	CONV BOND	74838JAA9
SFST	Southern First Bancshares	54,912	$2.034B	0.8%	$12.67	+171.1%	COM	842873101
—	Navistar Intl	2,015,000	$2.017B	0.8%	$934.77	—	CONV BOND	63934eaq1
—	Delek Logistics Partners	61,405	$2.011B	0.8%	$28931.56	—	COM	24664t103
—	Greenbriar	1,472,000	$2.01B	0.8%	$1067.14	—	CONV BOND	393657AH4
—	Aceto Corp	2,180,000	$2.002B	0.8%	$918.25	—	CONV BOND	004446AD2
—	Travelers	15,385	$1.947B	0.8%	$87506.80	—	COM	89417e109
—	Atlas Air Worldwide	1,820,000	$1.908B	0.7%	$813.71	—	CONV BOND	049164BH8
—	United Technologies	15,282	$1.866B	0.7%	$98660.65	—	COM	913017109
—	JPMorgan	19,468	$1.779B	0.7%	$57106.03	—	COM	46625h100
—	Plains GP Holdings	66,503	$1.74B	0.7%	$33558.20	—	COM	72651a207
DIS	Walt Disney	15,949	$1.695B	0.7%	$65.65	+56.1%	COM	254687106
CAT	Caterpillar	15,424	$1.657B	0.6%	$66.93	+25.6%	COM	149123101
—	Southern National Bancorp	93,412	$1.644B	0.6%	$17599.91	—	COM	843395104
—	General Cable	2,135,000	$1.628B	0.6%	$1087.13	—	CONV BOND	369300al2
NMIH	NMI Holdings	141,435	$1.619B	0.6%	$8.84	+27.1%	COM	629209305
—	Aircastle LTD	71,551	$1.556B	0.6%	$16175.46	—	COM	g0129k104
—	First Bancshares	55,491	$1.532B	0.6%	$14411.45	—	COM	318916103
—	Exxon Mobil Corporation	18,952	$1.53B	0.6%	$90367.35	—	COM	30231g102
EFA	iShares MSCI EAFE Index Fund	23,349	$1.522B	0.6%	$65200.01	—	COM	464287465
TSBK	Timberland Bancorp	59,422	$1.502B	0.6%	$7.96	+115.3%	COM	887098101
PG	Procter & Gamble	16,989	$1.481B	0.6%	$57.12	+22.8%	COM	742718109
—	Kimball Electronics	80,785	$1.458B	0.6%	$11930.00	—	COM	49428j109
CIVB	Civista Bancshares	68,881	$1.438B	0.6%	$8.76	+91.0%	COM	178867107
—	Visa	15,306	$1.435B	0.6%	$197093.88	—	COM	92826c839
AAL	American Airlines Group	28,270	$1.423B	0.6%	$32.34	+39.4%	COM	02376R102
—	Premier Financial	66,429	$1.369B	0.5%	$14020.36	—	COM	74050m105
—	Sunpower	1,730,000	$1.367B	0.5%	$802.11	—	CONV BOND	867652AJ8
—	Global Eagle Entertainment	2,090,000	$1.338B	0.5%	$788.36	—	CONV BOND	37951DAB8
—	du Pont	16,107	$1.3B	0.5%	$59193.18	—	COM	263534109
FCCO	First Community	61,490	$1.291B	0.5%	$8.74	+90.3%	COM	319835104
AXP	American Express Company	15,323	$1.291B	0.5%	$64.06	+9.7%	COM	025816109
—	Jefferies Group	1,278,000	$1.287B	0.5%	$1076.59	—	CONV BOND	472319ag7
ONB	Old National Bancorp	74,205	$1.28B	0.5%	$13.44	+24.7%	COM	680033107
—	Archrock Partners	85,723	$1.278B	0.5%	$16201.89	—	COM	03957u100
—	Iridium Communications	114,764	$1.268B	0.5%	$7628.31	—	COM	46269c102
—	Alaska Communications	575,825	$1.267B	0.5%	$2338.37	—	COM	01167p101
MSFT	Microsoft	17,886	$1.233B	0.5%	$30.87	+101.9%	COM	594918104
PEBK	Peoples Bancorp	38,771	$1.225B	0.5%	$14.43	+83.9%	COM	710577107
—	Royal Gold	1,120,000	$1.21B	0.5%	$967.31	—	CONV BOND	780287AA6
WMT	Wal-Mart	15,902	$1.203B	0.5%	$20.22	+8.9%	COM	931142103
—	Iridium Communications	3,000	$1.158B	0.5%	$308000.00	—	CONV PREF	46269c409
—	Triumph Group	36,515	$1.154B	0.4%	$25750.01	—	COM	896818101
—	Two River Bancorp	61,417	$1.142B	0.4%	$10127.01	—	COM	90207c105
—	MutualFirst Financial	31,826	$1.136B	0.4%	$15366.12	—	COM	62845b104
—	Codorus Bancorp	38,736	$1.1B	0.4%	$19760.02	—	COM	192025104
—	Merck	17,062	$1.094B	0.4%	$50779.71	—	COM	58933y105
IBCP	Independent Bank Corp	50,271	$1.093B	0.4%	$4.96	+209.5%	COM	453838609
—	MDC Holdings	30,675	$1.084B	0.4%	$29372.51	—	COM	552676108
—	Peoples Financial	79,500	$1.077B	0.4%	$11639.32	—	COM	71103b102
—	McDermott International	149,963	$1.075B	0.4%	$6999.72	—	COM	580037109
—	SandRidge Energy	61,565	$1.06B	0.4%	$17210.01	—	COM	80007p869
—	Teekay	157,626	$1.051B	0.4%	$31039.81	—	COM	y8564w103
—	EnLink Midstream LLC	59,035	$1.039B	0.4%	$30980.27	—	COM	29336t100
PKBK	Parke Bancorp	46,126	$1.033B	0.4%	$9.10	+55.6%	COM	700885106
UBOH	United Bancshares	42,579	$994M	0.4%	$14603.70	—	COM	909458101
BAC	Bank of America	40,612	$985M	0.4%	$10.95	+74.4%	COM	060505104
HVT	Haverty Furniture	38,340	$962M	0.4%	$21.46	+13.5%	COM	419596101
—	First United Corp	62,851	$936M	0.4%	$14937.88	—	COM	33741h107
—	Superior Industries	45,114	$927M	0.4%	$17606.16	—	COM	868168105
—	PetroQuest Energy	64,922	$917M	0.4%	$32227.66	—	CONV PREF	716748207
NKE	Nike	15,324	$904M	0.4%	$34.42	+40.2%	COM	654106103
—	General Electric	33,178	$896M	0.3%	$23600.98	—	COM	369604103
—	HMN Financial	49,975	$877M	0.3%	$7740.79	—	COM	40424g108
—	Sunpower	1,000,000	$862M	0.3%	$713.13	—	CONV BOND	867652AL3
LOCO	El Pollo Loco	61,795	$856M	0.3%	$12.57	+5.9%	COM	268603107
—	Lannett Company	41,542	$847M	0.3%	$23812.26	—	COM	516012101
CZWI	Citizens Community Bancorp	58,629	$810M	0.3%	$11.64	+1.8%	COM	174903104
—	Verizon Communications	17,878	$798M	0.3%	$49502.25	—	COM	92343v104
—	AmeriServ Financial	186,771	$775M	0.3%	$2922.09	—	COM	03074a102
—	Invensense	775,000	$773M	0.3%	$918.75	—	CONV BOND	46123DAB2
KO	Coca-Cola	16,691	$749M	0.3%	$28.47	+18.3%	COM	191216100
PFE	Pfizer	21,144	$710M	0.3%	$17.05	+26.7%	COM	717081103
—	Essa Bancorp	47,120	$694M	0.3%	$14585.90	—	COM	29667d104
—	Contura Energy	10,400	$681M	0.3%	$42716.35	—	COM	21241b100
—	VTTI Energy Partners	34,232	$673M	0.3%	$23766.97	—	COM	y9384m101
—	Arcbest.	32,167	$663M	0.3%	$39216.23	—	COM	03937c105
UIS	Unisys	51,610	$661M	0.3%	$18.88	-35.6%	COM	909214306
RAIL	FreightCar America	37,392	$650M	0.3%	$21.22	-26.6%	COM	357023100
ZION	Zions Bancorp	14,746	$647M	0.3%	$26.92	+53.0%	COM	989701107
—	Freddie Mac	148,300	$644M	0.3%	$3950.00	—	PREF STK	313400640
C	Citigroup	9,464	$633M	0.2%	$37.50	+23.9%	COM	172967424
—	Kinder Morgan, Inc.	32,574	$624M	0.2%	$38825.42	—	COM	49456b101
—	Homestreet	21,595	$598M	0.2%	$27944.97	—	COM	43785u102
CFG	Citizens Financial Group	16,480	$588M	0.2%	$16.09	+56.4%	COM	174610105
—	Astoria Financial	28,935	$583M	0.2%	$11743.63	—	COM	046265104
INTC	Intel	17,141	$578M	0.2%	$19.49	+51.7%	COM	458140100
—	RAIT Financial	610,000	$574M	0.2%	$951.63	—	CONV BOND	749227AB0
—	SunTrust Banks	9,993	$567M	0.2%	$33385.93	—	COM	867914103
—	Central Valley Community Bancorp	24,942	$553M	0.2%	$11423.23	—	COM	155685100
—	Cisco Systems	16,423	$514M	0.2%	$25072.25	—	COM	17275r102
IYF	iShares DJ US Financial Sector	4,774	$513M	0.2%	$81759.95	—	COM	464287788
—	SPDR S&P 600 Small Cap Value	4,216	$503M	0.2%	$107266.53	—	COM	78464a300
—	Barnes & Noble	61,382	$467M	0.2%	$12019.99	—	COM	067774109
—	Navios Maritime Holdings	335,900	$460M	0.2%	$2235.81	—	COM	y62196103
—	Rent-A-Center	37,975	$445M	0.2%	$24153.81	—	COM	76009n100
HWBK	Hawthorn Bancshares	19,199	$402M	0.2%	$13.46	+31.7%	COM	420476103
FBNC	First Bancorp	11,430	$357M	0.1%	$11.04	+125.1%	COM	318910106
—	Xerium Technologies	48,712	$350M	0.1%	$9852.27	—	COM	98416j118
MOFG	MidWest One Financial	10,229	$347M	0.1%	$24.61	+41.2%	COM	598511103
EEM	iShares MSCI Emerging Markets Index	7,615	$315M	0.1%	$43229.94	—	COM	464287234
PAA	Plains All American Pipeline	11,869	$312M	0.1%	$52907.84	—	COM	726503105
—	HopFed Bancorp	21,681	$311M	0.1%	$10965.46	—	COM	439734104
FITB	Fifth Third Bancorp	11,275	$293M	0.1%	$11.71	+53.8%	COM	316773100
—	Zions Bancorp	22,438	$289M	0.1%	$3301.27	—	COM	989701115
FCF	First Commonwealth Financial	22,538	$286M	0.1%	$4.97	+91.8%	COM	319829107
—	Citigroup	1,545,040	$232M	0.1%	$307.04	—	COM	172967226
—	Energy Transfer Equity	12,794	$230M	0.1%	$38641.83	—	COM	29273v100
—	1st Constitution Bancorp	12,417	$219M	0.1%	$11326.63	—	COM	31986n102
—	Bank of America	18,000	$217M	0.1%	$4430.00	—	COM	060506146
MVBF	MVB Financial	13,975	$184M	0.1%	$10.84	0.0%	COM	553810102
—	A T & T	4,874	$184M	0.1%	$35247.94	—	COM	00206r102
BBT	Berkshire Hills Bancorp	5,199	$183M	0.1%	$18.37	+51.3%	COM	084680107
SCHO	Schwab Short-Term U.S. Treasury	3,487	$176M	0.1%	$50414.39	—	COM	808524862
—	Bank of America	215,625	$170M	0.1%	$573.40	—	COM	060505153
TIP	iShares Barclays TIPS Bond	1,393	$158M	0.1%	$112114.95	—	COM	464287176
—	Hawaiian Holdings	3,130	$147M	0.1%	$6275.29	—	COM	419879101
—	Genco Shipping	15,467	$146M	0.1%	$2615.22	—	COM	y2685t131
—	Horsehead Holdings	3,578	$141M	0.1%	$1000.00	—	COM	44069P118
—	Energy Transfer Partners	6,759	$138M	0.1%	$39855.33	—	COM	29273R109
—	RAIT Financial Trust	54,800	$120M	0.0%	$4480.85	—	COM	749227609
FNB	F.N.B. Corporation	8,444	$120M	0.0%	$7.90	+27.0%	COM	302520101
—	Williams Partners	2,836	$114M	0.0%	$40110.02	—	COM	96949L105
—	Cenveo	15,555	$94.73M	0.0%	$1929.80	—	COM	15670s105
—	BB&T Corporation	1,443	$65.53M	0.0%	$34446.21	—	COM	054937107
—	SemGroup Corp	2,407	$64.99M	0.0%	$41152.89	—	COM	81663a105
—	Alliance Resource Partners	3,300	$62.37M	0.0%	$58640.00	—	COM	01877r108
F	Ford	4,921	$55.07M	0.0%	$9.18	-22.8%	COM	345370860
—	WPX Energy	4,630	$44.72M	0.0%	$14568.90	—	COM	98212b103
EZPW	EZCORP	4,965	$38.23M	0.0%	$5.93	+46.9%	COM	302301106
—	Bank of America	29	$36.6M	0.0%	$1109103.50	—	CONV PREF	060505682
—	EOG Resources	336	$30.41M	0.0%	$74973.41	—	COM	26875p101
—	Teekay Offshore Partners	9,457	$27.14M	0.0%	$17778.35	—	COM	y8565j101
AGM	Federal Agricultural Mortgage	400	$25.88M	0.0%	$23.58	+92.4%	COM	313148306
—	Jones Energy	600	$25.8M	0.0%	$48250.00	—	CONV PREF	48019R207
—	LGI Homes	600	$24.11M	0.0%	$24210.00	—	COM	50187t106
—	Teekay Tankers	10,000	$18.8M	0.0%	$1880.00	—	COM	y8565n102
—	Umpqua Holdings	1,000	$18.36M	0.0%	$15010.00	—	COM	904214103
—	Pinnacle Financial Partners	261	$16.39M	0.0%	$62800.77	—	COM	72346q104
—	Navios Maritime Acquisition	11,000	$16.17M	0.0%	$1417.27	—	COM	y62159101
—	Seagate Technology	400	$15.5M	0.0%	$24360.00	—	COM	G7945M107
—	QEP Resources	1,500	$15.15M	0.0%	$29788.70	—	COM	74733v100
—	Blucora Inc	15,000	$15M	0.0%	$943.91	—	CONV BOND	095229AB6
COFS	Choiceone Financial	604	$13.68M	0.0%	$9.78	+59.7%	COM	170386106
—	Navios Maritime Partners	8,100	$12.88M	0.0%	$14178.12	—	COM	y62267102
—	Genco Shipping	62,155	$12.43M	0.0%	$207.29	—	COM	y2685t123
—	Fannie Mae	2,000	$11.52M	0.0%	$5760.00	—	PREF STK	313586752
—	Banner Corp	200	$11.32M	0.0%	$33835.00	—	COM	06652v208
—	AK Steel	1,500	$9.855M	0.0%	$4660.00	—	COM	001547108
—	DR Horton	250	$8.643M	0.0%	$28832.00	—	COM	23331a109
WEBC	Webco	100	$8M	0.0%	$84.38	0.0%	COM	947621207
TOL	Toll Brothers	200	$7.902M	0.0%	$36.06	+3.5%	COM	889478103
—	Emerge Energy Services	850	$7.659M	0.0%	$4970.59	—	COM	29102H108
—	United Community Banks	220	$6.116M	0.0%	$12814.59	—	COM	90984p303
—	Southwestern Energy Company	1,000	$6.08M	0.0%	$22913.25	—	COM	845467109
—	PetroQuest Energy	2,500	$4.95M	0.0%	$605.90	—	COM	716748108
—	Meritage Homes	100	$4.22M	0.0%	$34800.00	—	COM	59001a102
—	Boardwalk Pipeline Partners	200	$3.602M	0.0%	$12980.00	—	COM	096627104
—	Alliance One International	200	$2.88M	0.0%	$19200.00	—	COM	018772103
—	SunPower	236	$2.204M	0.0%	$6101.69	—	COM	867652406
—	Park Sterling	164	$1.948M	0.0%	$6670.73	—	COM	70086y105