Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial	37,117	$8.656B	3.6%	$174094.60	—	COM	78467x109
BA	Boeing	19,915	$6.423B	2.7%	$134.32	+149.4%	COM	097023105
—	UnitedHealth Group Inc	19,356	$4.822B	2.0%	$108078.55	—	COM	91324p102
WMB	Williams Companies	210,696	$4.646B	1.9%	$19.44	-13.8%	COM	969457100
—	Magellan Midstream	79,175	$4.518B	1.9%	$55080.50	—	COM	559080106
OKE	ONEOK	78,753	$4.249B	1.8%	$21.15	+85.8%	COM	682680103
—	Alliance Resource Partners	219,092	$3.799B	1.6%	$18872.00	—	COM	01877r108
—	3M Co	18,985	$3.617B	1.5%	$144322.86	—	COM	88579y101
MCD	McDonalds	20,115	$3.572B	1.5%	$87.65	+71.2%	COM	580135101
—	QCR Holdings	108,451	$3.48B	1.4%	$16036.23	—	COM	74727a104
—	EZCorp Inc	3,540,000	$3.446B	1.4%	$723.85	—	CONV BOND	302301AB2
HD	Home Depot	19,790	$3.4B	1.4%	$80.77	+86.2%	COM	437076102
—	PDL Biopharma	3,250,000	$3.291B	1.4%	$951.67	—	CONV BOND	69329YAG9
AAPL	Apple	20,698	$3.265B	1.3%	$30.55	+50.6%	COM	037833100
—	Goldman Sachs Group	19,360	$3.234B	1.3%	$184998.08	—	COM	38141g104
NGL	NGL Energy Partners	333,323	$3.197B	1.3%	$33032.01	—	COM	62913M107
—	SB Financial Group	182,244	$2.998B	1.2%	$9287.45	—	COM	78408d105
—	MPLX	98,164	$2.974B	1.2%	$38941.66	—	COM	55336v100
—	EQT Midstream Partners	67,352	$2.913B	1.2%	$52780.00	—	COM	26885b100
EPD	Enterprise Products	118,376	$2.911B	1.2%	$32177.35	—	COM	293792107
JNJ	Johnson & Johnson	21,334	$2.753B	1.1%	$77.75	+46.8%	COM	478160104
—	Chesapeake Energy	3,305,000	$2.66B	1.1%	$861.10	—	CONV BOND	165167CY1
—	Banc of California	198,457	$2.641B	1.1%	$13879.69	—	COM	05990k106
—	Targa Resources	73,241	$2.638B	1.1%	$45910.43	—	COM	87612g101
—	Cowen Inc	3,295	$2.629B	1.1%	$797743.90	—	CONV PREF	223622507
CVX	Chevron Corporation	24,024	$2.614B	1.1%	$74.13	+14.3%	COM	166764100
—	Western Gas Equity Partners	93,180	$2.584B	1.1%	$27730.00	—	COM	95825r103
—	Visa	19,040	$2.512B	1.0%	$180366.52	—	COM	92826c839
—	EnLink Midstream Partners	221,202	$2.435B	1.0%	$27944.79	—	COM	29336u107
CAT	Caterpillar Inc	19,042	$2.42B	1.0%	$78.07	+42.8%	COM	149123101
—	GNC Holdings	3,275,000	$2.342B	1.0%	$660.63	—	CONV BOND	36191GAB3
—	Holly Energy Partners	81,697	$2.333B	1.0%	$36675.97	—	COM	435763107
—	JPMorgan	23,655	$2.309B	1.0%	$66179.39	—	COM	46625h100
—	Travelers Companies	19,186	$2.298B	0.9%	$97229.71	—	COM	89417e109
—	Titan Machinery	2,317,000	$2.283B	0.9%	$858.98	—	CONV BOND	88830RAB7
NMIH	NMI Holdings	124,315	$2.219B	0.9%	$8.84	+120.1%	COM	629209305
IBM	IBM	19,331	$2.197B	0.9%	$113.50	-22.5%	COM	459200101
MSFT	Microsoft	21,490	$2.183B	0.9%	$40.06	+149.6%	COM	594918104
DIS	Walt Disney	19,603	$2.149B	0.9%	$72.57	+50.3%	COM	254687106
—	Antero Midstream Partners	99,939	$2.138B	0.9%	$27632.79	—	COM	03673l103
—	Phillips 66 Partners	50,298	$2.118B	0.9%	$55368.84	—	COM	718549207
—	Summit Financial Group	105,373	$2.035B	0.8%	$11259.59	—	COM	86606g101
—	United Technologies Corp	18,985	$2.022B	0.8%	$103765.13	—	COM	913017109
GEL	Genesis Energy	108,236	$1.999B	0.8%	$47039.34	—	COM	371927104
PG	Procter & Gamble	20,816	$1.913B	0.8%	$59.55	+25.5%	COM	742718109
—	Delek Logistics Partners	65,319	$1.911B	0.8%	$29161.53	—	COM	24664t103
—	Bunge Ltd	19,658	$1.907B	0.8%	$101930.37	—	CONV PREF	g16962204
—	Encore Capital	2,210,000	$1.87B	0.8%	$918.80	—	CONV BOND	292554AH5
—	Wintrust Financial	27,796	$1.848B	0.8%	$76440.43	—	COM	97650w108
WMT	Wal-Mart	19,596	$1.825B	0.8%	$21.57	+33.3%	COM	931142103
—	KB HOME	1,835,000	$1.822B	0.8%	$1003.62	—	CONV BOND	48666KAS8
AXP	American Express Company	19,026	$1.814B	0.7%	$68.23	+39.2%	COM	025816109
—	Teekay LNG Partners	161,517	$1.78B	0.7%	$31480.21	—	COM	y8564m105
—	Macquarie Infrastructure	2,000,000	$1.757B	0.7%	$1002.62	—	CONV BOND	55608BAB1
—	Atlas Air Worldwide	1,755,000	$1.709B	0.7%	$836.53	—	CONV BOND	049164BH8
—	First Bancshares	52,816	$1.598B	0.7%	$14411.45	—	COM	318916103
—	Contura Energy	24,095	$1.584B	0.7%	$63578.72	—	COM	21241b100
—	Merck	20,721	$1.583B	0.7%	$52000.72	—	COM	58933y105
—	Exxon Mobil	22,582	$1.54B	0.6%	$87848.52	—	COM	30231g102
—	Greenbriar Co	1,525,000	$1.5B	0.6%	$983.31	—	CONV BOND	393657AK7
IVOO	Vanguard S&P Mid Cap 400	13,300	$1.488B	0.6%	$111860.00	—	COM	921932885
—	Aceto Corp	1,965,000	$1.46B	0.6%	$918.25	—	CONV BOND	004446AD2
—	Global Eagle Entertainment	1,970,000	$1.421B	0.6%	$788.36	—	CONV BOND	37951DAB8
—	Andeavor Logistics	43,381	$1.409B	0.6%	$49438.53	—	COM	03350f106
NKE	Nike	18,985	$1.408B	0.6%	$39.14	+74.1%	COM	654106103
—	Aircastle LTD	79,314	$1.367B	0.6%	$16793.56	—	COM	g0129k104
—	Contura Energy	42,280	$1.321B	0.5%	$35015.86	—	WARRANT	21241b118
—	Walgreens	18,985	$1.297B	0.5%	$60015.01	—	COM	931427108
—	Hess Midstream Partners	75,999	$1.29B	0.5%	$19480.11	—	COM	428104103
—	Horizon Global	2,350,000	$1.282B	0.5%	$820.10	—	CONV BOND	44052WAA2
—	Shell Midstream Partners	77,064	$1.265B	0.5%	$38663.46	—	COM	822634101
CZWI	Citizens Community Bancorp	115,561	$1.26B	0.5%	$11.68	-8.4%	COM	174903104
—	Southern National Bancorp	94,199	$1.245B	0.5%	$17599.91	—	COM	843395104
—	BP Midstream Partners	80,035	$1.244B	0.5%	$20545.84	—	COM	0556EL109
—	Premier Financial Bancorp	81,226	$1.211B	0.5%	$14963.26	—	COM	74050m105
—	Plains GP Holdings	59,967	$1.205B	0.5%	$33413.04	—	COM	72651a207
—	First United Corp	74,931	$1.193B	0.5%	$15293.78	—	COM	33741h107
—	Verizon Communications	21,170	$1.19B	0.5%	$49272.11	—	COM	92343v104
—	Kimball Electronics	76,090	$1.179B	0.5%	$12106.57	—	COM	49428j109
—	Sunpower Corp	1,525,000	$1.173B	0.5%	$802.11	—	CONV BOND	867652AJ8
FCCO	First Community Corp	59,375	$1.154B	0.5%	$8.74	+108.5%	COM	319835104
CIVB	Civista Bancshares	65,740	$1.145B	0.5%	$8.76	+95.5%	COM	178867107
—	Essa Bancorp	73,181	$1.142B	0.5%	$14870.46	—	COM	29667d104
ONB	Old National Bancorp	72,546	$1.117B	0.5%	$13.44	+32.9%	COM	680033107
LOCO	El Pollo Loco	73,200	$1.11B	0.5%	$12.36	+16.5%	COM	268603107
—	DowDuPont	20,254	$1.083B	0.4%	$68100.12	—	COM	26078j100
—	Arcbest Corp	31,385	$1.075B	0.4%	$39081.38	—	COM	03937c105
C	Citigroup	20,484	$1.066B	0.4%	$46.08	+7.1%	COM	172967424
—	Argan Inc	27,837	$1.053B	0.4%	$42913.43	—	COM	04010e109
PEBK	Peoples Bancorp of NC	42,496	$1.039B	0.4%	$15.96	+72.0%	COM	710577107
PFE	Pfizer	23,484	$1.025B	0.4%	$17.79	+68.8%	COM	717081103
BAC	Bank of America	41,405	$1.02B	0.4%	$11.47	+98.8%	COM	060505104
INTC	Intel	21,675	$1.017B	0.4%	$23.28	+72.7%	COM	458140100
—	MDC Holdings	35,938	$1.01B	0.4%	$29747.72	—	COM	552676108
PKBK	Parke Bancorp	52,920	$990M	0.4%	$9.94	+37.4%	COM	700885106
—	Peoples Financial Corp	84,372	$970M	0.4%	$11784.47	—	COM	71103b102
—	HMN Financial	48,975	$961M	0.4%	$7740.79	—	COM	40424g108
KO	Coca-Cola	20,134	$953M	0.4%	$29.77	+29.0%	COM	191216100
UBOH	United Bancshares	47,610	$953M	0.4%	$15408.06	—	COM	909458101
MVBF	MVB Financial	52,351	$944M	0.4%	$12.96	+19.6%	COM	553810102
—	Freddie Mac	160,105	$906M	0.4%	$4118.16	—	PREF STK	313400640
—	Two River Bancorp	59,033	$901M	0.4%	$10127.01	—	COM	90207c105
—	Royal Gold	890,000	$892M	0.4%	$967.31	—	CONV BOND	780287AA6
TBCH	Turtle Beach Corp	61,517	$878M	0.4%	$17.20	0.0%	COM	900450206
—	Codorus Bancorp	41,167	$875M	0.4%	$20136.15	—	COM	192025104
CLF	Cleveland-Cliffs	112,025	$861M	0.4%	$9.47	0.0%	COM	185899101
—	Cisco Systems	19,608	$850M	0.4%	$27792.02	—	COM	17275r102
—	MutualFirst Financial	31,629	$840M	0.3%	$15366.12	—	COM	62845b104
—	Barnes & Noble	118,035	$837M	0.3%	$9651.89	—	COM	067774109
—	Alaska Communications System	569,240	$820M	0.3%	$2316.18	—	COM	01167p101
—	Kinder Morgan	52,811	$812M	0.3%	$15123.26	—	COM	49456b101
HVT	Haverty Furniture	43,140	$810M	0.3%	$21.67	-5.1%	COM	419596101
—	Sunpower	1,000,000	$802M	0.3%	$713.13	—	CONV BOND	867652AL3
—	Eagle Bancorp Montana	48,293	$797M	0.3%	$18500.01	—	COM	26942g100
—	Opus Bank	39,975	$783M	0.3%	$24528.57	—	COM	684000102
UIS	Unisys Corp	66,465	$773M	0.3%	$16.85	-6.6%	COM	909214306
—	LGI Homes	17,006	$769M	0.3%	$69750.70	—	COM	50187t106
—	AmeriServ Financial	185,724	$748M	0.3%	$2922.09	—	COM	03074a102
—	iShares 0-5 Yr High Yield Corporate	16,655	$742M	0.3%	$46619.99	—	COM	46434v407
—	EnLink Midstream LLC	71,548	$679M	0.3%	$28353.15	—	COM	29336t100
—	SPDR S&P 600 Small Cap Value	12,601	$678M	0.3%	$82280.67	—	COM	78464a300
—	Teekay Corp	1,000,000	$662M	0.3%	$910.54	—	CONV BOND	87900YAD5
ZION	Zions Bancorp	14,631	$596M	0.2%	$26.92	+73.2%	COM	989701107
HWBK	Hawthorn Bancshares	27,226	$573M	0.2%	$15.07	+40.2%	COM	420476103
—	Uniti Group	34,855	$543M	0.2%	$14692.06	—	COM	91325v108
—	Talos Energy	32,955	$538M	0.2%	$32820.01	—	COM	87484t108
IYF	iShares DJ US Financial Sector	4,774	$508M	0.2%	$106369.92	—	COM	464287788
—	SandRidge Energy, Inc.	66,570	$507M	0.2%	$17275.93	—	COM	80007p869
—	SunTrust Banks	9,896	$499M	0.2%	$33385.93	—	COM	867914103
CFG	Citizens Financial Group	16,236	$483M	0.2%	$16.25	+58.1%	COM	174610105
—	Homestreet Inc	22,540	$479M	0.2%	$27967.53	—	COM	43785u102
—	Central Valley Community Bancorp	24,942	$471M	0.2%	$11423.23	—	COM	155685100
AAL	American Airlines Group	13,984	$449M	0.2%	$32.34	+5.8%	COM	02376R102
—	Teekay Inc	125,384	$419M	0.2%	$29830.54	—	COM	y8564w103
—	Sterling Bancorp	24,891	$411M	0.2%	$24599.98	—	COM	85917a100
—	First US Bancshares	45,221	$360M	0.1%	$11559.19	—	COM	33744v103
—	Vaalco Energy	236,300	$347M	0.1%	$2403.14	—	COM	91851c201
—	Antero Midstream GP	30,425	$340M	0.1%	$11180.02	—	COM	03675y103
—	McDermott International	47,785	$313M	0.1%	$19650.00	—	COM	580037703
RAIL	FreightCar America	46,500	$311M	0.1%	$20.14	-43.7%	COM	357023100
EEM	iShares MSCI Emerging Markets	7,915	$309M	0.1%	$39060.01	—	COM	464287234
—	HopFed Bancorp	21,684	$288M	0.1%	$10965.46	—	COM	439734104
—	Midsouth Bancorp	25,925	$275M	0.1%	$12775.40	—	COM	598039105
—	Energy Transfer	20,416	$270M	0.1%	$28748.74	—	COM	29273v100
—	Lannett	54,093	$268M	0.1%	$21640.34	—	COM	516012101
FITB	Fifth Third Bancorp	11,275	$265M	0.1%	$11.71	+69.4%	COM	316773100
PAA	Plains All American	12,933	$259M	0.1%	$49687.02	—	COM	726503105
MOFG	MidWest One Financial	10,299	$256M	0.1%	$24.61	+19.1%	COM	598511103
—	Superior Industries	53,107	$255M	0.1%	$17493.81	—	COM	868168105
—	1st Constitution Bancorp	12,444	$248M	0.1%	$11477.18	—	COM	31986n102
—	Bank of America	18,000	$230M	0.1%	$4430.00	—	WARRANT	060506146
—	Blackstone Group	5,985	$178M	0.1%	$31984.44	—	COM	09253u108
TIP	iShares Barclays TIPS Bond	1,597	$175M	0.1%	$112390.35	—	COM	464287176
—	Genco Shipping	20,931	$165M	0.1%	$7400.01	—	COM	y2685t131
—	Oaktree Capital	3,815	$152M	0.1%	$42493.52	—	COM	674001201
—	Apollo Global Management	6,020	$148M	0.1%	$32034.72	—	COM	037612306
BBT	Berkshire Hills Bancorp Inc	5,099	$138M	0.1%	$18.37	+46.2%	COM	084680107
—	Horsehead Holdings	3,375	$135M	0.1%	$1000.00	—	WARRANT	44069P118
—	KKR & Co	6,825	$134M	0.1%	$20569.13	—	COM	48248m102
—	A T & T	4,654	$133M	0.1%	$35262.40	—	COM	00206r102
—	Carlyle Group	7,805	$123M	0.1%	$22232.90	—	COM	14309l102
—	General Electric	15,187	$115M	0.0%	$22474.55	—	COM	369604103
—	Navios Maritime Partners	130,919	$111M	0.0%	$1685.59	—	COM	y62267102
—	Zions Bancorp	11,368	$107M	0.0%	$3301.27	—	WARRANT	989701115
—	Iridium Communications	5,597	$103M	0.0%	$9877.08	—	COM	46269c102
FNB	FNB Corporation	8,444	$83.09M	0.0%	$7.90	+10.3%	COM	302520101
—	BB&T Corporation	1,443	$62.51M	0.0%	$34446.21	—	COM	054937107
—	WPX Energy	5,345	$60.66M	0.0%	$13705.10	—	COM	98212b103
—	Navios Maritime Holdings	215,290	$58.99M	0.0%	$2208.50	—	COM	y62196103
—	Talos Energy	52,072	$58.61M	0.0%	$2941.25	—	WARRANT	87484t116
—	Equitrans Midstream	2,125	$42.54M	0.0%	$20020.23	—	COM	294600101
—	Bank of America	29	$36.32M	0.0%	$1109103.50	—	CONV PREF	060505682
—	Hawaiian Holdings	1,281	$33.83M	0.0%	$6275.29	—	COM	419879101
—	BOK Financial Corp	410	$30.07M	0.0%	$73348.78	—	COM	05561q201
—	SemGroup	2,163	$29.81M	0.0%	$41152.89	—	COM	81663a105
—	Orchids Paper Products	27,500	$25.85M	0.0%	$3300.00	—	COM	68572n104
—	Trex	400	$23.74M	0.0%	$59360.00	—	COM	89531p105
EZPW	EZCORP	3,065	$23.69M	0.0%	$5.93	+59.8%	COM	302301106
TSBK	Timberland Bancorp	1,000	$22.3M	0.0%	$7.96	+174.0%	COM	887098101
—	EOG Resources	250	$21.8M	0.0%	$87212.00	—	COM	26875p101
AZN	Astrazeneca	500	$18.99M	0.0%	$37980.00	—	COM	046353108
F	Ford Motor	2,467	$18.87M	0.0%	$6.85	-9.4%	COM	345370860
—	Umpqua Holdings	1,000	$15.9M	0.0%	$15010.00	—	COM	904214103
COFS	Choiceone Financial Services	634	$15.86M	0.0%	$10.25	+91.2%	COM	170386106
AGM	Federal Agricultural Mortgage	250	$15.11M	0.0%	$23.58	+118.8%	COM	313148306
—	Fannie Mae	2,000	$13.9M	0.0%	$5760.00	—	PREF STK	313586752
—	General Motors	400	$13.38M	0.0%	$36340.00	—	COM	37045v100
—	Macys	400	$11.91M	0.0%	$25190.00	—	COM	55616p104
—	Teekay Offshore Partners	9,257	$11.2M	0.0%	$17778.35	—	COM	y8565j101
—	Chesapeake Energy	5,233	$10.99M	0.0%	$3957.07	—	COM	165167107
—	Chesapeake Energy	21	$10.61M	0.0%	$625238.10	—	CONV PREF	165167768
—	Teekay Tankers	10,100	$9.373M	0.0%	$1168.20	—	COM	y8565n102
—	QEP Resources	1,500	$8.445M	0.0%	$29788.70	—	COM	74733v100
—	Paypal Holdings	100	$8.409M	0.0%	$84090.00	—	COM	70450y103
—	Seagate Technology	200	$7.718M	0.0%	$27296.67	—	COM	G7945M107
TOL	Toll Brothers	200	$6.586M	0.0%	$36.06	-10.9%	COM	889478103
—	Hi Crush Partners	1,400	$5.012M	0.0%	$10600.00	—	COM	428337109
—	AK Steel	1,500	$3.375M	0.0%	$4660.00	—	COM	001547108
—	Pyxus International	200	$2.372M	0.0%	$23000.00	—	COM	74737v106
—	SunPower Corporation	236	$1.173M	0.0%	$7978.81	—	COM	867652406
—	Genco Shipping	2,155	$539K	0.0%	$207.29	—	WARRANT	y2685t123
—	Sandridge Energy	4,028	$4,000	0.0%	$506.95	—	WARRANT	80007p125