Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial Average	35,136	$8.692B	3.2%	$169751.61	—	COM	78467x109
—	Magellan Midstream	81,208	$5.761B	2.1%	$54940.09	—	COM	559080106
BA	Boeing	17,474	$5.153B	1.9%	$103.51	+148.7%	COM	097023105
NGL	NGL Energy Partners	342,327	$4.81B	1.7%	$33279.47	—	COM	62913M107
—	QCR Holdings	110,995	$4.756B	1.7%	$16036.23	—	COM	74727a104
—	Rice Midstream Partners	208,914	$4.485B	1.6%	$16473.83	—	COM	762819100
OKE	ONEOK	81,930	$4.379B	1.6%	$21.15	+51.6%	COM	682680103
—	Goldman Sachs	16,544	$4.215B	1.5%	$173654.02	—	COM	38141g104
—	Banc of California	198,424	$4.097B	1.5%	$13879.69	—	COM	05990k106
—	Alliance Holdings	147,997	$3.965B	1.4%	$53689.48	—	COM	01861g100
—	3M Co.	16,469	$3.876B	1.4%	$131058.69	—	COM	88579y101
—	Alaska Communications	3,775,000	$3.841B	1.4%	$941.25	—	CONV BOND	01167pae1
—	Williams Partners	96,323	$3.735B	1.4%	$38934.90	—	COM	96949L105
—	UnitedHealth Group	16,759	$3.695B	1.3%	$89718.16	—	COM	91324p102
—	EZCorp	3,535,000	$3.637B	1.3%	$716.21	—	CONV BOND	302301AB2
—	Targa Resources Corp	73,413	$3.555B	1.3%	$45969.18	—	COM	87612g101
—	MPLX	96,116	$3.409B	1.2%	$39347.25	—	COM	55336v100
—	SB Financial Group	183,180	$3.387B	1.2%	$9287.45	—	COM	78408d105
—	EnLink Midstream LP	217,372	$3.341B	1.2%	$29078.76	—	COM	29336u107
HD	Home Depot	17,292	$3.277B	1.2%	$68.34	+107.3%	COM	437076102
EPD	Enterprise Products Partners	118,951	$3.153B	1.1%	$32438.70	—	COM	293792107
EFA	iShares MSCI EAFE Index Fund	43,452	$3.055B	1.1%	$67541.69	—	COM	464287465
MCD	McDonald's	17,716	$3.049B	1.1%	$79.45	+74.5%	COM	580135101
AAPL	Apple	17,458	$2.954B	1.1%	$28.20	+38.6%	COM	037833100
—	Teekay LNG Partners	146,064	$2.943B	1.1%	$33127.35	—	COM	y8564m105
—	Antero Midstream Partners	98,414	$2.858B	1.0%	$27870.00	—	COM	03673l103
—	Summit Financial Group	108,007	$2.843B	1.0%	$11259.59	—	COM	86606g101
—	A. Schulmann	2,982	$2.773B	1.0%	$865690.30	—	CONV PREF	808194302
—	Phillips 66 Partners	52,226	$2.734B	1.0%	$55474.48	—	COM	718549207
CVX	Chevron	21,765	$2.725B	1.0%	$72.65	+15.0%	COM	166764100
—	Transmontaigne Partners	68,564	$2.705B	1.0%	$42183.44	—	COM	89376v100
—	Holly Energy Partners	81,336	$2.643B	1.0%	$37150.52	—	COM	435763107
CAT	Caterpillar	16,667	$2.626B	1.0%	$68.94	+68.7%	COM	149123101
JNJ	Johnson & Johnson	18,674	$2.609B	0.9%	$72.89	+52.3%	COM	478160104
—	Wintrust Financial	31,044	$2.557B	0.9%	$76440.43	—	COM	97650w108
IBM	IBM	16,600	$2.547B	0.9%	$114.64	-10.9%	COM	459200101
WMB	Williams Companies	82,619	$2.519B	0.9%	$19.78	-6.0%	COM	969457100
—	KB HOME	1,950,000	$2.363B	0.9%	$1003.62	—	CONV BOND	48666KAS8
—	Shell Midstream	78,464	$2.34B	0.9%	$39381.44	—	COM	822634101
—	Titan Machinery	2,352,000	$2.328B	0.8%	$855.95	—	CONV BOND	88830RAB7
NMIH	NMI Holdings	135,250	$2.299B	0.8%	$8.84	+76.5%	COM	629209305
—	Broadsoft	1,735,000	$2.276B	0.8%	$1016.39	—	CONV BOND	11133BAB8
—	Iridium Communications	17,608	$2.267B	0.8%	$67435.05	—	CONV PREF	46269c508
—	Travelers	16,572	$2.248B	0.8%	$89932.10	—	COM	89417e109
GEL	Genesis Energy	99,009	$2.213B	0.8%	$50671.42	—	COM	371927104
—	JPMorgan Chase	20,689	$2.212B	0.8%	$59239.27	—	COM	46625h100
—	Bunge	20,908	$2.175B	0.8%	$101930.37	—	CONV PREF	g16962204
—	Delek Logistics Partners	67,804	$2.149B	0.8%	$29174.88	—	COM	24664t103
—	Macquarie Infrastructure	2,235,000	$2.147B	0.8%	$1002.62	—	CONV BOND	55608BAB1
—	United Technologies	16,469	$2.101B	0.8%	$99874.81	—	COM	913017109
—	General Cable	1,960,000	$2.07B	0.8%	$1087.13	—	CONV BOND	369300al2
—	Chesapeake Energy	3,330	$2.065B	0.8%	$629336.30	—	CONV PREF	165167768
—	Andeavor Logistics	42,859	$1.98B	0.7%	$50060.01	—	COM	03350f106
—	Greenbriar	1,302,000	$1.953B	0.7%	$1067.14	—	CONV BOND	393657AH4
—	First Bancshares	55,371	$1.894B	0.7%	$14411.45	—	COM	318916103
—	Visa Inc	16,580	$1.89B	0.7%	$190804.81	—	COM	92826c839
—	Navistar Intl	1,840,000	$1.888B	0.7%	$934.77	—	CONV BOND	63934eaq1
—	Atlas Air Worldwide Holdings	1,620,000	$1.851B	0.7%	$813.71	—	CONV BOND	049164BH8
DIS	Walt Disney	17,094	$1.838B	0.7%	$67.75	+43.6%	COM	254687106
—	Aceto Corp	1,985,000	$1.778B	0.6%	$918.25	—	CONV BOND	004446AD2
—	Aircastle LTD	75,362	$1.763B	0.6%	$16604.77	—	COM	g0129k104
WMT	Wal-Mart	17,052	$1.684B	0.6%	$20.40	+31.5%	COM	931142103
PG	Procter & Gamble	18,124	$1.665B	0.6%	$58.10	+25.0%	COM	742718109
—	BP Midstream Partners	80,385	$1.654B	0.6%	$20569.99	—	COM	0556EL109
—	Exxon Mobil	19,764	$1.653B	0.6%	$89920.31	—	COM	30231g102
AXP	American Express	16,510	$1.64B	0.6%	$64.93	+31.3%	COM	025816109
MSFT	Microsoft Corporation	18,989	$1.624B	0.6%	$33.03	+127.9%	COM	594918104
—	Alaska Communications	568,780	$1.524B	0.6%	$2337.21	—	COM	01167p101
CIVB	Civista Bancshares	68,131	$1.499B	0.5%	$8.76	+103.0%	COM	178867107
—	Teekay	160,291	$1.494B	0.5%	$30448.35	—	COM	y8564w103
—	Southern National Bancorp	93,143	$1.493B	0.5%	$17599.91	—	COM	843395104
—	Plains GP Holdings	63,905	$1.403B	0.5%	$33558.20	—	COM	72651a207
FCCO	First Community Corp	61,490	$1.39B	0.5%	$8.74	+110.7%	COM	319835104
—	Kimball Electronics	73,965	$1.35B	0.5%	$11930.00	—	COM	49428j109
—	SandRidge Energy	63,955	$1.348B	0.5%	$17338.16	—	COM	80007p869
—	Iridium Communications	113,164	$1.335B	0.5%	$7721.34	—	COM	46269c102
CZWI	Citizens Community Bancorp	98,419	$1.329B	0.5%	$11.65	-0.7%	COM	174903104
—	Premier Financial	66,019	$1.326B	0.5%	$14020.36	—	COM	74050m105
PEBK	Peoples Bancorp of NC	42,645	$1.309B	0.5%	$15.96	+96.5%	COM	710577107
—	Archrock Partners	108,088	$1.287B	0.5%	$15716.70	—	COM	03957u100
ONB	Old National Bancorp	72,904	$1.272B	0.5%	$13.44	+33.8%	COM	680033107
—	First United Corp	73,071	$1.271B	0.5%	$15172.90	—	COM	33741h107
—	Global Eagle Entertainment	2,045,000	$1.269B	0.5%	$788.36	—	CONV BOND	37951DAB8
—	Jefferies Group	1,263,000	$1.264B	0.5%	$1076.59	—	CONV BOND	472319ag7
—	Iridium Communications	3,000	$1.251B	0.5%	$308000.00	—	CONV PREF	46269c409
—	DowDuPont	17,338	$1.235B	0.4%	$69229.76	—	COM	26078j100
—	MutualFirst Financial	31,627	$1.219B	0.4%	$15366.12	—	COM	62845b104
—	Sunpower	1,580,000	$1.212B	0.4%	$802.11	—	CONV BOND	867652AJ8
BAC	Bank of America	40,612	$1.199B	0.4%	$10.95	+108.0%	COM	060505104
—	EnLink Midstream	67,869	$1.194B	0.4%	$29205.74	—	COM	29336t100
—	Arcbest Corp	32,097	$1.147B	0.4%	$39179.52	—	COM	03937c105
IBCP	Independent Bank	50,273	$1.124B	0.4%	$4.96	+232.3%	COM	453838609
—	MDC Holdings	35,090	$1.119B	0.4%	$29717.13	—	COM	552676108
—	Codorus Bancorp	40,551	$1.116B	0.4%	$20107.79	—	COM	192025104
—	Two River Bancorp	60,383	$1.095B	0.4%	$10127.01	—	COM	90207c105
—	Peoples Financial	83,806	$1.089B	0.4%	$11784.47	—	COM	71103b102
—	Lannett	45,247	$1.05B	0.4%	$23515.94	—	COM	516012101
—	McDermott International	157,838	$1.039B	0.4%	$6990.58	—	COM	580037109
UBOH	United Bancshares	47,007	$1.038B	0.4%	$15319.90	—	COM	909458101
—	Triumph Group	38,040	$1.035B	0.4%	$25858.75	—	COM	896818101
—	Freddie Mac	155,105	$1.031B	0.4%	$4068.46	—	PREF STK	313400640
NKE	Nike	16,481	$1.031B	0.4%	$35.53	+45.7%	COM	654106103
—	Eagle Bancorp	49,147	$1.03B	0.4%	$18500.01	—	COM	26942g100
—	Royal Gold	950,000	$1.029B	0.4%	$967.31	—	CONV BOND	780287AA6
—	Merck	18,227	$1.026B	0.4%	$51613.00	—	COM	58933y105
—	Essa Bancorp	64,346	$1.008B	0.4%	$14883.46	—	COM	29667d104
—	Verizon Communications	18,912	$1.001B	0.4%	$49501.54	—	COM	92343v104
—	PetroQuest Energy	61,592	$993M	0.4%	$32227.66	—	CONV PREF	716748207
HVT	Haverty Furniture	42,820	$970M	0.4%	$21.72	+10.9%	COM	419596101
—	HMN Financial	49,975	$955M	0.3%	$7740.79	—	COM	40424g108
—	Opus Bank	34,775	$949M	0.3%	$24000.00	—	COM	684000102
PKBK	Parke Bancorp	46,126	$948M	0.3%	$9.10	+59.6%	COM	700885106
—	Chesapeake Energy	1,000,000	$911M	0.3%	$917.50	—	CONV BOND	165167CR6
INTC	Intel Corporation	18,598	$858M	0.3%	$20.26	+80.4%	COM	458140100
—	Sunpower Corp	1,000,000	$851M	0.3%	$713.13	—	CONV BOND	867652AL3
MVBF	MVB Financial	41,272	$830M	0.3%	$12.05	+32.4%	COM	553810102
KO	Coca-Cola	17,878	$820M	0.3%	$28.88	+23.4%	COM	191216100
PFE	Pfizer	22,331	$809M	0.3%	$17.32	+37.4%	COM	717081103
C	Citigroup	10,664	$794M	0.3%	$39.21	+44.0%	COM	172967424
—	Superior Industries	52,279	$776M	0.3%	$17468.76	—	COM	868168105
—	Barnes & Noble	115,702	$775M	0.3%	$9930.00	—	COM	067774109
—	AmeriServ Financial	185,714	$771M	0.3%	$2922.09	—	COM	03074a102
ZION	Zions Bancorp	14,631	$744M	0.3%	$26.92	+77.9%	COM	989701107
AAL	American Airlines Group	14,127	$735M	0.3%	$32.34	+50.0%	COM	02376R102
LOCO	El Pollo Loco	70,920	$702M	0.3%	$12.48	-13.5%	COM	268603107
RAIL	FreightCar America Inc.	41,062	$701M	0.3%	$20.83	-17.1%	COM	357023100
—	Cisco Systems	17,880	$685M	0.2%	$25751.09	—	COM	17275r102
CFG	Citizens Financial Group	16,245	$682M	0.2%	$16.09	+74.1%	COM	174610105
—	SunTrust Banks	9,993	$645M	0.2%	$33385.93	—	COM	867914103
—	Homestreet	22,270	$645M	0.2%	$27967.53	—	COM	43785u102
—	General Electric	35,951	$627M	0.2%	$23341.46	—	COM	369604103
—	Uniti Group	35,155	$625M	0.2%	$14692.06	—	COM	91325v108
—	Sterling Bancorp	25,309	$623M	0.2%	$24599.98	—	COM	85917a100
—	Contura Energy	10,400	$618M	0.2%	$42716.35	—	COM	21241b100
—	Invensense	605,000	$603M	0.2%	$918.75	—	CONV BOND	46123DAB2
IYF	iShares DJ US Financial Sector	4,774	$570M	0.2%	$81759.95	—	COM	464287788
—	SPDR S&P 600 Small Cap Value ETF	4,523	$569M	0.2%	$108526.64	—	COM	78464a300
—	Rent-A-Center	50,320	$559M	0.2%	$21020.45	—	COM	76009n100
UIS	Unisys Corp	64,550	$526M	0.2%	$16.96	-51.7%	COM	909214306
—	Central Valley Community Bancorp	24,942	$503M	0.2%	$11423.23	—	COM	155685100
—	Bank of America Corp	215,625	$461M	0.2%	$573.40	—	WARRANT	060505153
—	iShares 0-5 Yr High Yield	9,400	$443M	0.2%	$47762.98	—	COM	46434v407
—	RAIT Financial	465,000	$429M	0.2%	$951.63	—	CONV BOND	749227AB0
—	Navios Maritime Holdings	347,790	$417M	0.2%	$2208.50	—	COM	y62196103
HWBK	Hawthorn Bancshares	20,069	$416M	0.2%	$13.66	+32.8%	COM	420476103
FBNC	First Bancorp	11,430	$404M	0.1%	$11.04	+177.3%	COM	318910106
EEM	iShares MSCI Emerging Markets	7,615	$359M	0.1%	$43229.94	—	COM	464287234
MOFG	MidWest One Financial	10,229	$343M	0.1%	$24.61	+43.6%	COM	598511103
FITB	Fifth Third Bancorp	11,275	$342M	0.1%	$11.71	+83.5%	COM	316773100
—	Xerium Technologies	77,052	$328M	0.1%	$7768.94	—	COM	98416j118
—	Genco Shipping	23,890	$318M	0.1%	$6424.90	—	COM	y2685t131
—	Bank of America Corp	18,000	$316M	0.1%	$4430.00	—	WARRANT	060506146
—	HopFed Bancorp	21,682	$306M	0.1%	$10965.46	—	COM	439734104
PAA	Plains All American Pipeline	12,709	$262M	0.1%	$50775.11	—	COM	726503105
—	1st Constitution Bancorp.	12,691	$232M	0.1%	$11477.18	—	COM	31986n102
—	Zions Bancorp	11,938	$224M	0.1%	$3301.27	—	WARRANT	989701115
—	Energy Transfer Equity	12,825	$221M	0.1%	$38641.83	—	COM	29273v100
BBT	Berkshire Hills Bancorp	5,199	$190M	0.1%	$18.37	+62.0%	COM	084680107
—	A T & T	4,852	$189M	0.1%	$35247.94	—	COM	00206r102
—	Citigroup	1,653,040	$165M	0.1%	$294.51	—	WARRANT	172967226
TIP	iShares Barclays TIPS Bond	1,418	$162M	0.1%	$112141.30	—	COM	464287176
FCF	First Commonwealth Financial	11,233	$161M	0.1%	$4.97	+119.5%	COM	319829107
—	Horsehead Holdings	3,448	$155M	0.1%	$1000.00	—	WARRANT	44069P118
—	First US Bancshares	10,834	$139M	0.1%	$12799.98	—	COM	33744v103
—	Apollo Global Management	3,785	$127M	0.0%	$32904.77	—	COM	037612306
—	Vaalco Energy	175,000	$122M	0.0%	$697.10	—	COM	91851c201
—	Energy Transfer Partners	6,759	$121M	0.0%	$39855.33	—	COM	29273R109
FNB	F.N.B. Corporation	8,444	$117M	0.0%	$7.90	+26.2%	COM	302520101
—	Hawaiian Holdings	2,631	$105M	0.0%	$6275.29	—	COM	419879101
—	Carlyle Group	4,490	$103M	0.0%	$22900.00	—	COM	14309l102
—	KKR & Co	4,875	$103M	0.0%	$20676.75	—	COM	48248m102
—	Oaktree Capital	2,090	$87.99M	0.0%	$44527.51	—	COM	674001201
HON	Honeywell	500	$76.68M	0.0%	$104.34	+8.7%	COM	438516106
IJH	iShares Core S&P MidCap 400	403	$76.45M	0.0%	$179051.64	—	COM	464287507
—	SemGroup	2,407	$72.69M	0.0%	$41152.89	—	COM	81663a105
—	BB&T Corporation	1,443	$71.75M	0.0%	$34446.21	—	COM	054937107
—	WPX Energy	4,630	$65.14M	0.0%	$14068.90	—	COM	98212b103
—	Alliance Resource Partners	3,300	$65.01M	0.0%	$58640.00	—	COM	01877r108
F	Ford Motor Co.	4,934	$61.63M	0.0%	$9.18	-12.7%	COM	345370860
—	Altria Group	855	$61.08M	0.0%	$63390.64	—	COM	02209s103
EZPW	EZCORP	4,465	$54.47M	0.0%	$5.93	+84.0%	COM	302301106
—	Bank of America	29	$38.25M	0.0%	$1109103.50	—	CONV PREF	060505682
—	EOG Resources	305	$32.91M	0.0%	$74973.41	—	COM	26875p101
AGM	Federal Agricultural Mortgage	400	$31.3M	0.0%	$23.58	+138.3%	COM	313148306
TSBK	Timberland Bancorp	1,000	$26.55M	0.0%	$7.96	+176.8%	COM	887098101
—	Contura Energy	978	$24.45M	0.0%	$26000.00	—	WARRANT	21241b118
—	LGI Homes	300	$22.51M	0.0%	$24210.00	—	COM	50187t106
—	Teekay Offshore Partners	9,457	$22.32M	0.0%	$17778.35	—	COM	y8565j101
—	Navios Maritime Partners	9,100	$21.48M	0.0%	$12879.42	—	COM	y62267102
—	Genco Shipping	62,155	$21.07M	0.0%	$207.29	—	WARRANT	y2685t123
—	Umpqua Holdings	1,000	$20.8M	0.0%	$15010.00	—	COM	904214103
—	RAIT Financial	54,550	$20.46M	0.0%	$4480.85	—	COM	749227609
—	Fannie Mae	2,000	$17.6M	0.0%	$5760.00	—	PREF STK	313586752
—	Seagate Technology	400	$16.74M	0.0%	$27296.67	—	COM	G7945M107
—	Jones Energy	600	$15.75M	0.0%	$48250.00	—	CONV PREF	48019R207
—	Midsouth Bancorp	1,150	$15.24M	0.0%	$13250.43	—	COM	598039105
COFS	Choiceone Financial	604	$14.38M	0.0%	$9.78	+63.6%	COM	170386106
—	QEP Resources	1,500	$14.36M	0.0%	$29788.70	—	COM	74733v100
—	Teekay Tankers	10,000	$14M	0.0%	$1880.00	—	COM	y8565n102
—	DR Horton	250	$12.77M	0.0%	$28832.00	—	COM	23331a109
—	Navios Maritime Acquisition	11,000	$12.21M	0.0%	$1417.27	—	COM	y62159101
—	Macy's	400	$10.08M	0.0%	$25190.00	—	COM	55616p104
TOL	Toll Brothers	200	$9.604M	0.0%	$36.06	+27.6%	COM	889478103
—	Chesapeake Energy	2,206	$8.736M	0.0%	$4300.09	—	COM	165167107
—	AK Steel	1,500	$8.49M	0.0%	$4660.00	—	COM	001547108
—	United Community Banks	220	$6.191M	0.0%	$12814.59	—	COM	90984p303
—	Emerge Energy Services	850	$6.112M	0.0%	$4970.59	—	COM	29102H108
—	PetroQuest Energy	2,500	$4.725M	0.0%	$605.90	—	COM	716748108
—	Cenveo	3,012	$2.711M	0.0%	$1929.80	—	COM	15670s105
—	Alliance One International	200	$2.65M	0.0%	$19200.00	—	COM	018772103
—	Boardwalk Pipeline Partners	200	$2.582M	0.0%	$12980.00	—	COM	096627104
—	Jones Energy	1,068	$1.175M	0.0%	$1500.66	—	COM	48019r108
—	SandRidge Energy	28	$42,000	0.0%	$1500.00	—	WARRANT	80007p125