Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial	35,899	$8.666B	3.2%	$171274.47	—	COM	78467x109
BA	Boeing	20,329	$6.665B	2.5%	$134.32	+140.4%	COM	097023105
—	QCR Holdings	109,998	$4.933B	1.8%	$16036.23	—	COM	74727a104
—	Goldman Sachs	19,449	$4.898B	1.8%	$185335.25	—	COM	38141g104
—	Magellan Midstream	81,758	$4.771B	1.8%	$54940.09	—	COM	559080106
OKE	ONEOK	81,537	$4.641B	1.7%	$21.15	+65.4%	COM	682680103
—	3M	19,374	$4.253B	1.6%	$144322.86	—	COM	88579y101
—	UnitedHealth Group	19,664	$4.208B	1.6%	$108078.55	—	COM	91324p102
—	Rice Midstream Partners	213,914	$3.872B	1.5%	$16511.84	—	COM	762819100
—	Banc of California	198,535	$3.832B	1.4%	$13879.69	—	COM	05990k106
NGL	NGL Energy Partners	346,172	$3.808B	1.4%	$33032.01	—	COM	62913M107
—	Alaska Communications	3,695,000	$3.756B	1.4%	$941.25	—	CONV BOND	01167pae1
—	Alliance Holdings	148,692	$3.719B	1.4%	$53689.48	—	COM	01861g100
—	EZCorp	3,460,000	$3.638B	1.4%	$716.21	—	CONV BOND	302301AB2
HD	Home Depot	20,197	$3.6B	1.3%	$80.77	+91.6%	COM	437076102
AAPL	Apple	20,364	$3.417B	1.3%	$29.94	+35.0%	COM	037833100
—	SB Financial Group, Inc.	184,110	$3.407B	1.3%	$9287.45	—	COM	78408d105
—	MPLX	101,838	$3.365B	1.3%	$38992.87	—	COM	55336v100
—	Williams Partners	97,658	$3.362B	1.3%	$38873.32	—	COM	96949L105
—	Targa Resources Corp	75,671	$3.33B	1.2%	$45910.43	—	COM	87612g101
—	Iridium Communications	290,852	$3.272B	1.2%	$9877.08	—	COM	46269c102
MCD	McDonalds	20,681	$3.234B	1.2%	$87.65	+55.9%	COM	580135101
—	EnLink Midstream Partners LP	227,067	$3.102B	1.2%	$28420.43	—	COM	29336u107
—	A. Schulmann	2,927	$3.029B	1.1%	$865690.30	—	CONV PREF	808194302
IBM	IBM	19,662	$3.017B	1.1%	$113.50	-5.5%	COM	459200101
EPD	Enterprise Products Partners	122,126	$2.99B	1.1%	$32231.79	—	COM	293792107
—	Chesapeake Energy	3,360,000	$2.893B	1.1%	$861.10	—	CONV BOND	165167CY1
CAT	Caterpillar	19,431	$2.864B	1.1%	$78.07	+70.5%	COM	149123101
CVX	Chevron	24,719	$2.819B	1.1%	$74.13	+14.7%	COM	166764100
JNJ	Johnson & Johnson	21,637	$2.773B	1.0%	$77.75	+39.4%	COM	478160104
—	Travelers	19,477	$2.705B	1.0%	$97229.71	—	COM	89417e109
—	Summit Financial Group	107,263	$2.683B	1.0%	$11259.59	—	COM	86606g101
—	Teekay LNG Partners	147,194	$2.635B	1.0%	$33127.35	—	COM	y8564m105
—	Antero Midstream	99,464	$2.575B	1.0%	$27849.10	—	COM	03673l103
—	JPMorgan	23,338	$2.566B	1.0%	$64997.51	—	COM	46625h100
—	Transmontaigne Partners	71,004	$2.541B	1.0%	$41963.73	—	COM	89376v100
—	Phillips 66 Partners	52,953	$2.53B	0.9%	$55368.84	—	COM	718549207
—	Wintrust Financial	29,175	$2.511B	0.9%	$76440.43	—	COM	97650w108
—	United Technologies	19,374	$2.438B	0.9%	$103765.13	—	COM	913017109
—	Visa	19,429	$2.324B	0.9%	$180366.52	—	COM	92826c839
—	Holly Energy Partners	83,651	$2.306B	0.9%	$36885.39	—	COM	435763107
—	Titan Machinery	2,302,000	$2.295B	0.9%	$855.95	—	CONV BOND	88830RAB7
—	Bunge	20,103	$2.191B	0.8%	$101930.37	—	CONV PREF	g16962204
—	KB HOME	1,890,000	$2.14B	0.8%	$1003.62	—	CONV BOND	48666KAS8
NMIH	NMI Holdings	127,815	$2.115B	0.8%	$8.84	+110.6%	COM	629209305
GEL	Genesis Energy	103,649	$2.043B	0.8%	$49285.39	—	COM	371927104
WMB	Williams Companies	81,456	$2.025B	0.8%	$19.78	-3.6%	COM	969457100
—	Horizon Global	2,465,000	$2.022B	0.8%	$820.10	—	CONV BOND	44052WAA2
DIS	Walt Disney	20,001	$2.009B	0.8%	$72.57	+39.1%	COM	254687106
MSFT	Microsoft Corporation	22,008	$2.009B	0.8%	$40.06	+110.5%	COM	594918104
—	Andeavor Logistics	44,444	$1.992B	0.7%	$49872.78	—	COM	03350f106
—	Delek Logistics	68,919	$1.954B	0.7%	$29161.53	—	COM	24664t103
—	Macquarie Infrastructure	2,155,000	$1.911B	0.7%	$1002.62	—	CONV BOND	55608BAB1
AXP	American Express	19,415	$1.811B	0.7%	$68.23	+27.5%	COM	025816109
WMT	Wal-Mart	20,002	$1.78B	0.7%	$21.57	+31.4%	COM	931142103
—	First Bancshares	54,911	$1.771B	0.7%	$14411.45	—	COM	318916103
—	Atlas Air Worldwide	1,530,000	$1.745B	0.7%	$813.71	—	CONV BOND	049164BH8
—	General Cable	1,640,000	$1.738B	0.7%	$1087.13	—	CONV BOND	369300al2
—	Aceto	1,970,000	$1.726B	0.6%	$918.25	—	CONV BOND	004446AD2
—	Exxon Mobil	22,857	$1.705B	0.6%	$87848.52	—	COM	30231g102
—	Shell Midstream Partners	80,619	$1.697B	0.6%	$38891.43	—	COM	822634101
PG	Procter & Gamble	21,268	$1.686B	0.6%	$59.55	+14.0%	COM	742718109
CZWI	Citizens Community Bancorp	113,704	$1.593B	0.6%	$11.67	+0.9%	COM	174903104
CIVB	Civista Bancshares	67,526	$1.544B	0.6%	$8.76	+105.2%	COM	178867107
—	Aircastle LTD	76,158	$1.512B	0.6%	$16638.79	—	COM	g0129k104
—	Southern National Bancorp	93,957	$1.488B	0.6%	$17599.91	—	COM	843395104
—	Navistar	1,450,000	$1.488B	0.6%	$934.77	—	CONV BOND	63934eaq1
—	BP Midstream	81,605	$1.456B	0.5%	$20529.18	—	COM	0556EL109
—	First United Corp	73,366	$1.409B	0.5%	$15172.90	—	COM	33741h107
FCCO	First Community Corp	60,875	$1.394B	0.5%	$8.74	+103.8%	COM	319835104
—	Plains GP Holdings	63,370	$1.378B	0.5%	$33558.20	—	COM	72651a207
—	Archrock Partners	109,268	$1.335B	0.5%	$15678.94	—	COM	03957u100
—	Teekay Inc	164,846	$1.334B	0.5%	$29830.54	—	COM	y8564w103
PEBK	Peoples Bancorp of NC	42,491	$1.305B	0.5%	$15.96	+88.8%	COM	710577107
—	DowDuPont Inc.	20,243	$1.29B	0.5%	$68437.62	—	COM	26078j100
NKE	Nike	19,386	$1.288B	0.5%	$39.14	+52.3%	COM	654106103
—	Kimball Electronics	77,195	$1.247B	0.5%	$12106.57	—	COM	49428j109
—	Global Eagle Entertainment	2,010,000	$1.243B	0.5%	$788.36	—	CONV BOND	37951DAB8
ONB	Old National Bancorp	72,539	$1.226B	0.5%	$13.44	+30.9%	COM	680033107
—	Premier Financial Bancorp	65,844	$1.225B	0.5%	$14020.36	—	COM	74050m105
BAC	Bank of America	40,237	$1.207B	0.5%	$10.95	+138.0%	COM	060505104
—	LGI Homes	16,975	$1.198B	0.4%	$69750.70	—	COM	50187t106
—	Sunpower	1,545,000	$1.191B	0.4%	$802.11	—	CONV BOND	867652AJ8
—	Peoples Financial	84,121	$1.165B	0.4%	$11784.47	—	COM	71103b102
—	Iridium Communications	3,000	$1.159B	0.4%	$308000.00	—	CONV PREF	46269c409
IBCP	Independent Bank	50,274	$1.151B	0.4%	$4.96	+246.7%	COM	453838609
—	Merck	21,089	$1.149B	0.4%	$52000.72	—	COM	58933y105
—	MutualFirst Financial	31,627	$1.146B	0.4%	$15366.12	—	COM	62845b104
—	Codorus Bancorp Inc.	40,144	$1.129B	0.4%	$20107.79	—	COM	192025104
—	Opus Bank	40,070	$1.122B	0.4%	$24528.57	—	COM	684000102
INTC	Intel	21,481	$1.119B	0.4%	$22.92	+74.8%	COM	458140100
—	Two River Bancorp	60,382	$1.09B	0.4%	$10127.01	—	COM	90207c105
—	Essa Bancorp	72,516	$1.064B	0.4%	$14859.41	—	COM	29667d104
—	Verizon Communications	21,900	$1.047B	0.4%	$49272.11	—	COM	92343v104
—	Arcbest	32,545	$1.043B	0.4%	$39081.38	—	COM	03937c105
UBOH	United Bancshares	47,103	$1.036B	0.4%	$15319.90	—	COM	909458101
—	Alaska Communications	569,295	$1.025B	0.4%	$2337.21	—	COM	01167p101
—	Eagle Bancorp Montana Inc	48,926	$1.015B	0.4%	$18500.01	—	COM	26942g100
—	EnLink Midstream LLC	68,072	$997M	0.4%	$29205.74	—	COM	29336t100
—	MDC Holdings	35,192	$983M	0.4%	$29717.13	—	COM	552676108
—	McDermott International	158,863	$967M	0.4%	$6990.58	—	COM	580037109
—	Triumph Group	38,105	$960M	0.4%	$25858.75	—	COM	896818101
—	Royal Gold	905,000	$955M	0.4%	$967.31	—	CONV BOND	780287AA6
PKBK	Parke Bancorp	45,917	$955M	0.4%	$9.10	+56.1%	COM	700885106
—	SandRidge Energy	65,670	$953M	0.4%	$17264.31	—	COM	80007p869
—	HMN Financial	49,975	$927M	0.3%	$7740.79	—	COM	40424g108
KO	Coca-Cola	20,878	$907M	0.3%	$29.77	+17.8%	COM	191216100
—	Cisco Systems	20,297	$871M	0.3%	$27792.02	—	COM	17275r102
HVT	Haverty Furniture	42,965	$866M	0.3%	$21.72	-1.1%	COM	419596101
—	PetroQuest Energy	60,432	$851M	0.3%	$32227.66	—	CONV PREF	716748207
PFE	Pfizer	23,963	$850M	0.3%	$17.79	+36.2%	COM	717081103
C	Citigroup	12,319	$832M	0.3%	$41.68	+38.3%	COM	172967424
MVBF	MVB Financial Corp	41,217	$814M	0.3%	$12.05	+37.9%	COM	553810102
—	Sunpower Corp	1,000,000	$796M	0.3%	$713.13	—	CONV BOND	867652AL3
—	Lannett	48,887	$785M	0.3%	$22960.05	—	COM	516012101
ZION	Zions Bancorp	14,631	$771M	0.3%	$26.92	+99.9%	COM	989701107
—	AmeriServ Financial	185,716	$743M	0.3%	$2922.09	—	COM	03074a102
AAL	American Airlines Group	14,127	$734M	0.3%	$32.34	+61.6%	COM	02376R102
—	Freddie Mac	155,105	$721M	0.3%	$4068.46	—	PREF STK	313400640
—	Superior Industries	52,609	$700M	0.3%	$17468.76	—	COM	868168105
UIS	Unisys Corp	65,050	$699M	0.3%	$16.96	-40.7%	COM	909214306
—	Contura Energy	10,400	$697M	0.3%	$42716.35	—	COM	21241b100
LOCO	El Pollo Loco Holdings	71,605	$680M	0.3%	$12.48	-20.6%	COM	268603107
—	SunTrust Banks	9,893	$673M	0.3%	$33385.93	—	COM	867914103
CFG	Citizens Financial Group	15,950	$670M	0.3%	$16.09	+100.9%	COM	174610105
—	SPDR S&P 600 Small Cap Value	5,263	$650M	0.2%	$110631.36	—	COM	78464a300
—	Homestreet	22,335	$640M	0.2%	$27967.53	—	COM	43785u102
—	Kinder Morgan	42,258	$636M	0.2%	$15059.97	—	COM	49456b101
—	Barnes & Noble	119,245	$590M	0.2%	$9782.03	—	COM	067774109
—	Uniti Group	35,155	$571M	0.2%	$14692.06	—	COM	91325v108
RAIL	FreightCar America	42,362	$568M	0.2%	$20.66	-26.7%	COM	357023100
IYF	iShares DJ US Financial Sector	4,774	$562M	0.2%	$81759.95	—	COM	464287788
—	Sterling Bancorp	24,771	$559M	0.2%	$24599.98	—	COM	85917a100
—	Invensense	570,000	$548M	0.2%	$918.75	—	CONV BOND	46123DAB2
—	General Electric	39,416	$531M	0.2%	$22474.55	—	COM	369604103
HWBK	Hawthorn Bancshares	25,249	$521M	0.2%	$14.63	+25.5%	COM	420476103
—	Xerium Technologies	75,711	$488M	0.2%	$7768.94	—	COM	98416j118
—	Central Valley Community Bancorp	24,942	$488M	0.2%	$11423.23	—	COM	155685100
—	Rent-A-Center	51,325	$443M	0.2%	$20777.83	—	COM	76009n100
—	RAIT Financial	465,000	$440M	0.2%	$951.63	—	CONV BOND	749227AB0
—	Bank of America	215,625	$429M	0.2%	$573.40	—	WARRANT	060505153
FBNC	First Bancorp	11,290	$402M	0.2%	$11.04	+176.2%	COM	318910106
EEM	iShares MSCI Emerging Markets	7,615	$368M	0.1%	$43229.94	—	COM	464287234
—	Genco Shipping	25,309	$360M	0.1%	$6861.98	—	COM	y2685t131
FITB	Fifth Third Bancorp	11,275	$358M	0.1%	$11.71	+106.5%	COM	316773100
MOFG	MidWest One Financial	10,229	$341M	0.1%	$24.61	+34.2%	COM	598511103
—	Bank of America	18,000	$327M	0.1%	$4430.00	—	WARRANT	060506146
—	HopFed Bancorp	21,683	$315M	0.1%	$10965.46	—	COM	439734104
—	Navios Maritime Holdings	347,790	$312M	0.1%	$2208.50	—	COM	y62196103
PAA	Plains All American Pipeline	13,209	$291M	0.1%	$49687.02	—	COM	726503105
—	Midsouth Bancorp	21,820	$276M	0.1%	$12681.65	—	COM	598039105
—	1st Constitution Bancorp	12,444	$271M	0.1%	$11477.18	—	COM	31986n102
—	Zions Bancorp	11,938	$242M	0.1%	$3301.27	—	WARRANT	989701115
BBT	Berkshire Hills Bancorp	5,099	$194M	0.1%	$18.37	+62.5%	COM	084680107
—	Energy Transfer Equity	12,842	$182M	0.1%	$38641.83	—	COM	29273v100
—	A T & T	5,033	$179M	0.1%	$35262.40	—	COM	00206r102
—	Blackstone Group	5,050	$161M	0.1%	$31950.10	—	COM	09253u108
FCF	First Commonwealth Financial	11,233	$159M	0.1%	$4.97	+121.0%	COM	319829107
—	Horsehead Holdings	3,406	$153M	0.1%	$1000.00	—	WARRANT	44069P118
—	Apollo Global	5,085	$151M	0.1%	$32065.02	—	COM	037612306
—	KKR	6,825	$139M	0.1%	$20569.13	—	COM	48248m102
—	Carlyle Group	6,430	$137M	0.1%	$22432.37	—	COM	14309l102
—	Oaktree Capital	3,110	$123M	0.0%	$42911.41	—	COM	674001201
—	First US Bancshares	10,264	$117M	0.0%	$12799.98	—	COM	33744v103
FNB	F.N.B. Corporation	8,444	$114M	0.0%	$7.90	+31.5%	COM	302520101
—	Energy Transfer Partners	6,759	$110M	0.0%	$39855.33	—	COM	29273R109
—	Hawaiian Holdings	2,631	$102M	0.0%	$6275.29	—	COM	419879101
—	Citigroup	1,653,040	$76.04M	0.0%	$294.51	—	WARRANT	172967226
—	BB&T Corporation	1,443	$75.09M	0.0%	$34446.21	—	COM	054937107
—	Direxion Daily S&P 500 Bull 3X	1,750	$72.26M	0.0%	$41290.29	—	COM	25459w862
—	WPX Energy	4,630	$68.43M	0.0%	$14068.90	—	COM	98212b103
—	SemGroup Corp	2,407	$51.51M	0.0%	$41152.89	—	COM	81663a105
—	Alliance Resource Partners	2,900	$51.19M	0.0%	$58640.00	—	COM	01877r108
EZPW	EZCORP	3,465	$45.74M	0.0%	$5.93	+115.3%	COM	302301106
—	Bank of America	29	$37.39M	0.0%	$1109103.50	—	CONV PREF	060505682
AGM	Federal Agricultural Mortgage	400	$34.81M	0.0%	$23.58	+161.9%	COM	313148306
TSBK	Timberland Bancorp	1,000	$30.4M	0.0%	$7.96	+175.4%	COM	887098101
—	Energy XXI	7,900	$30.34M	0.0%	$3840.00	—	COM	g10082140
F	Ford	2,442	$27.06M	0.0%	$9.18	-18.5%	COM	345370860
—	EOG Resources	250	$26.32M	0.0%	$74973.41	—	COM	26875p101
—	Genco Shipping	62,155	$25.48M	0.0%	$207.29	—	WARRANT	y2685t123
—	Contura Energy	978	$24.94M	0.0%	$26000.00	—	WARRANT	21241b118
—	Umpqua Holdings	1,000	$21.41M	0.0%	$15010.00	—	COM	904214103
—	Teekay Offshore Partners	9,257	$21.01M	0.0%	$17778.35	—	COM	y8565j101
—	Navios Maritime Partners	9,100	$16.38M	0.0%	$12879.42	—	COM	y62267102
COFS	Choiceone Financial	604	$15.41M	0.0%	$9.78	+74.4%	COM	170386106
—	Hi Crush Partners	1,400	$14.84M	0.0%	$10600.00	—	COM	428337109
—	QEP Resources	1,500	$14.69M	0.0%	$29788.70	—	COM	74733v100
—	General Motors	400	$14.54M	0.0%	$36340.00	—	COM	37045v100
—	Macys	400	$11.9M	0.0%	$25190.00	—	COM	55616p104
—	Seagate Technology	200	$11.7M	0.0%	$27296.67	—	COM	G7945M107
—	Fannie Mae	2,000	$11.5M	0.0%	$5760.00	—	PREF STK	313586752
—	DR Horton	250	$10.96M	0.0%	$28832.00	—	COM	23331a109
—	Jones Energy	600	$10.8M	0.0%	$48250.00	—	CONV PREF	48019R207
WEBC	Webco Industries	100	$9.5M	0.0%	$97.16	0.0%	COM	947621207
—	Navios Maritime Acquisition	11,000	$9.24M	0.0%	$1417.27	—	COM	y62159101
—	RAIT Financial Trust	54,550	$8.81M	0.0%	$4480.85	—	COM	749227609
TOL	Toll Brothers	200	$8.65M	0.0%	$36.06	+30.2%	COM	889478103
—	AK Steel	1,500	$6.795M	0.0%	$4660.00	—	COM	001547108
—	Chesapeake Energy	2,206	$6.662M	0.0%	$4300.09	—	COM	165167107
—	Alliance One International	200	$5.21M	0.0%	$19200.00	—	COM	018772103
—	Direxion Daily Small Cap Bear 3X ETF	400	$4.74M	0.0%	$11850.00	—	COM	25490k521
—	Meritage Homes	100	$4.525M	0.0%	$45250.00	—	COM	59001a102
—	Southwestern Energy	1,000	$4.33M	0.0%	$4330.00	—	COM	845467109
—	Sandridge Energy	4,028	$2.014M	0.0%	$506.95	—	WARRANT	80007p125
—	SunPower Corporation	236	$1.883M	0.0%	$7978.81	—	COM	867652406
—	PetroQuest Energy	2,500	$1.452M	0.0%	$605.90	—	COM	716748108