Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	SPDR Dow Jones Industrial Average	38,830	$10.45B	3.9%	$179905.81	—	COM	78467x109
BA	Boeing	19,595	$7.455B	2.8%	$134.32	+162.3%	COM	097023105
OKE	ONEOK	75,382	$5.555B	2.1%	$21.15	+120.3%	COM	682680103
EFA	iShares MSCI EAFE Index Fund	80,229	$5.232B	2.0%	$64860.00	—	COM	464287465
—	Magellan Midstream Partners LP	71,756	$4.755B	1.8%	$55080.50	—	COM	559080106
AAPL	Apple	20,668	$4.629B	1.7%	$30.55	+64.4%	COM	037833100
HD	Home Depot	19,500	$4.524B	1.7%	$80.77	+131.6%	COM	437076102
NGL	NGL Energy Partners	308,558	$4.292B	1.6%	$33032.01	—	COM	62913M107
MCD	McDonald's	19,795	$4.25B	1.6%	$87.65	+110.8%	COM	580135101
—	UnitedHealth Group	19,112	$4.153B	1.6%	$108078.55	—	COM	91324p102
WMB	Williams Companies	165,535	$3.983B	1.5%	$19.44	-9.3%	COM	969457100
—	Goldman Sachs	19,070	$3.952B	1.5%	$184998.08	—	COM	38141g104
—	MPLX	136,496	$3.823B	1.4%	$35518.47	—	COM	55336v100
—	QCR Holdings	100,117	$3.802B	1.4%	$16036.23	—	COM	74727a104
—	Aceto Corp	3,885,000	$3.73B	1.4%	$747.84	—	CONV BOND	004446AD2
—	Alliance Resource Partners	211,671	$3.389B	1.3%	$18872.00	—	COM	01877r108
—	Visa	18,730	$3.222B	1.2%	$180366.52	—	COM	92826c839
EPD	Enterprise Products Partners	111,110	$3.176B	1.2%	$32177.35	—	COM	293792107
—	3M Co	18,825	$3.095B	1.2%	$144322.86	—	COM	88579y101
—	GNC Holdings	3,290,000	$3.045B	1.1%	$660.63	—	CONV BOND	36191GAB3
—	iShares 0-5 Yr High Yield Corporate Bond	64,910	$3.018B	1.1%	$46700.00	—	COM	46434v407
MSFT	Microsoft	21,200	$2.947B	1.1%	$40.06	+224.3%	COM	594918104
—	SB Financial Group	174,987	$2.925B	1.1%	$9287.45	—	COM	78408d105
—	Targa Resources Corp	72,459	$2.911B	1.1%	$45809.24	—	COM	87612g101
—	Travelers Companies	18,896	$2.81B	1.1%	$97229.71	—	COM	89417e109
IBM	IBM	19,255	$2.8B	1.1%	$113.50	-9.7%	COM	459200101
—	Cowen	3,215	$2.758B	1.0%	$797743.90	—	CONV PREF	223622507
CVX	Chevron Corporation	23,227	$2.755B	1.0%	$74.13	+23.5%	COM	166764100
—	Banc of California	192,649	$2.724B	1.0%	$13886.13	—	COM	05990k106
JNJ	Johnson & Johnson	21,007	$2.718B	1.0%	$77.75	+41.5%	COM	478160104
—	JPMorgan Chase	22,746	$2.677B	1.0%	$66179.39	—	COM	46625h100
—	Summit Financial Group	103,260	$2.643B	1.0%	$11259.59	—	COM	86606g101
—	Phillips 66 Partners	46,625	$2.64B	1.0%	$55368.84	—	COM	718549207
—	EnLink Midstream	303,406	$2.579B	1.0%	$16297.33	—	COM	29336t100
—	United Technologies	18,695	$2.552B	1.0%	$103765.13	—	COM	913017109
PG	Procter & Gamble	20,506	$2.551B	1.0%	$59.55	+69.6%	COM	742718109
—	Antero Midstream	342,556	$2.535B	1.0%	$17317.85	—	COM	03673l103
DIS	Walt Disney	19,369	$2.524B	1.0%	$72.57	+85.0%	COM	254687106
CAT	Caterpillar	18,736	$2.367B	0.9%	$78.07	+42.3%	COM	149123101
WMT	Wal-Mart	19,415	$2.304B	0.9%	$21.57	+59.8%	COM	931142103
AXP	American Express	18,736	$2.216B	0.8%	$68.23	+65.0%	COM	025816109
—	Western Midstream Partners	88,690	$2.207B	0.8%	$27730.00	—	COM	95825r103
—	EQT Midstream Partners	66,654	$2.18B	0.8%	$52079.88	—	COM	26885b100
GEL	Genesis Energy	100,650	$2.161B	0.8%	$47039.34	—	COM	371927104
—	Energy Transfer	164,462	$2.151B	0.8%	$16737.50	—	COM	29273v100
—	Teekay LNG Partners	155,994	$2.129B	0.8%	$31480.21	—	COM	y8564m105
—	PDL Biopharma	2,170,000	$2.07B	0.8%	$951.67	—	CONV BOND	69329YAG9
—	Encore Capital Group	2,125,000	$2.066B	0.8%	$918.80	—	CONV BOND	292554AH5
NMIH	NMI Holdings	77,848	$2.044B	0.8%	$8.84	+209.1%	COM	629209305
—	Tutor Perini Corp	2,089,000	$1.987B	0.7%	$947.56	—	CONV BOND	901109AD0
—	Bunge Ltd	18,983	$1.929B	0.7%	$101930.37	—	CONV PREF	g16962204
—	Chesapeake Energy	3,210,000	$1.918B	0.7%	$861.10	—	CONV BOND	165167CY1
—	Delek Logistics	59,414	$1.859B	0.7%	$29161.53	—	COM	24664t103
—	Macquarie Infrastructure	2,000,000	$1.814B	0.7%	$1002.62	—	CONV BOND	55608BAB1
—	Wintrust Financial	27,747	$1.793B	0.7%	$76440.43	—	COM	97650w108
—	Horizon Global	2,260,000	$1.792B	0.7%	$820.10	—	CONV BOND	44052WAA2
NKE	Nike	18,695	$1.756B	0.7%	$39.14	+101.2%	COM	654106103
—	Freddie Mac	146,105	$1.753B	0.7%	$4118.16	—	PREF STK	313400640
—	Merck	20,375	$1.715B	0.6%	$52000.72	—	COM	58933y105
—	Greenbriar Co	1,765,000	$1.685B	0.6%	$980.09	—	CONV BOND	393657AK7
—	Aircastle LTD	74,852	$1.679B	0.6%	$16793.56	—	COM	g0129k104
—	First Bancshares	51,976	$1.679B	0.6%	$14411.45	—	COM	318916103
—	Shell Midstream Partners	81,404	$1.665B	0.6%	$37284.09	—	COM	822634101
—	Atlas Air Worldwide	1,810,000	$1.609B	0.6%	$841.36	—	CONV BOND	049164BH8
—	First United Corp	71,896	$1.582B	0.6%	$15293.78	—	COM	33741h107
—	Exxon Mobil	22,224	$1.569B	0.6%	$87848.52	—	COM	30231g102
—	MDC Holdings	35,993	$1.551B	0.6%	$29702.51	—	COM	552676108
—	Synaptics	1,585,000	$1.482B	0.6%	$935.18	—	CONV BOND	87157DAD1
C	Citigroup	20,907	$1.444B	0.5%	$46.20	+17.2%	COM	172967424
—	Hess Midstream Partners	73,809	$1.422B	0.5%	$19509.37	—	COM	428104103
—	EZCorp Inc	1,766,000	$1.411B	0.5%	$903.36	—	CONV BOND	302301AE6
CIVB	Civista Bancshares	63,670	$1.384B	0.5%	$8.76	+100.4%	COM	178867107
—	Sunpower Corp	1,470,000	$1.362B	0.5%	$802.11	—	CONV BOND	867652AJ8
—	Plains GP Holdings	63,691	$1.352B	0.5%	$32684.82	—	COM	72651a207
—	Premier Financial Bancorp	78,731	$1.352B	0.5%	$14963.26	—	COM	74050m105
—	LGI Homes	15,956	$1.329B	0.5%	$69750.70	—	COM	50187t106
—	Verizon Communications	21,093	$1.273B	0.5%	$49272.11	—	COM	92343v104
CZWI	Citizens Community Bancorp	112,908	$1.25B	0.5%	$11.68	-17.9%	COM	174903104
ONB	Old National Bancorp	71,921	$1.237B	0.5%	$13.44	+27.1%	COM	680033107
—	BP Midstream Partners	83,965	$1.226B	0.5%	$19901.08	—	COM	0556EL109
PEBK	Peoples Bancorp of NC	41,039	$1.219B	0.5%	$15.96	+74.8%	COM	710577107
BAC	Bank of America	40,843	$1.191B	0.4%	$11.47	+114.2%	COM	060505104
—	Southern National Bancorp of Virginia	77,395	$1.191B	0.4%	$17599.91	—	COM	843395104
—	Essa Bancorp	71,371	$1.172B	0.4%	$14870.46	—	COM	29667d104
—	Two River Bancorp	56,045	$1.162B	0.4%	$10127.01	—	COM	90207c105
FCCO	First Community Corp	59,375	$1.157B	0.4%	$8.74	+81.5%	COM	319835104
—	Kimball Electronics	77,965	$1.131B	0.4%	$12331.22	—	COM	49428j109
INTC	Intel Corporation	21,895	$1.128B	0.4%	$23.58	+82.5%	COM	458140100
—	HMN Financial	47,475	$1.086B	0.4%	$7740.79	—	COM	40424g108
KO	Coca-Cola	19,824	$1.079B	0.4%	$29.77	+47.6%	COM	191216100
PKBK	Parke Bancorp	48,364	$1.075B	0.4%	$9.94	+63.3%	COM	700885106
—	Argan Inc	27,255	$1.071B	0.4%	$42818.51	—	COM	04010e109
TBCH	Turtle Beach	90,327	$1.054B	0.4%	$15.63	-36.5%	COM	900450206
MVBF	MVB Financial	52,461	$1.041B	0.4%	$12.96	+18.8%	COM	553810102
—	Walgreens Boots Alliance	18,695	$1.034B	0.4%	$60015.01	—	COM	931427108
—	Alaska Communications	599,255	$1.031B	0.4%	$2291.11	—	COM	01167p101
HVT	Haverty Furniture Company	49,455	$1.002B	0.4%	$21.33	-11.6%	COM	419596101
—	Groupon	375,000	$998M	0.4%	$2660.00	—	COM	399473107
—	Kinder Morgan	47,491	$979M	0.4%	$15123.26	—	COM	49456b101
—	Cisco Systems	19,676	$972M	0.4%	$28066.06	—	COM	17275r102
DOW	Dow Inc	20,033	$955M	0.4%	$36.37	-10.0%	COM	260557103
—	Codorus Bancorp	40,887	$951M	0.4%	$20136.15	—	COM	192025104
—	MutualFirst Financial	29,631	$934M	0.4%	$15366.12	—	COM	62845b104
PFE	Pfizer	25,941	$932M	0.4%	$18.65	+44.9%	COM	717081103
—	PDL Biopharma	1,000,000	$931M	0.4%	$930.63	—	CONV BOND	69329YAJ3
LOCO	El Pollo Loco Holdings	83,335	$913M	0.3%	$12.03	-12.1%	COM	268603107
—	Sunpower Corp	1,000,000	$905M	0.3%	$713.13	—	CONV BOND	867652AL3
UBOH	United Bancshares	44,877	$898M	0.3%	$15408.06	—	COM	909458101
—	Arcbest Corp	29,205	$889M	0.3%	$39081.38	—	COM	03937c105
—	Global Eagle Entertainment	1,880,000	$888M	0.3%	$788.36	—	CONV BOND	37951DAB8
—	Talos Energy	43,465	$884M	0.3%	$30432.43	—	COM	87484t108
—	Peoples Financial Corp	81,622	$878M	0.3%	$11784.47	—	COM	71103b102
—	Opus Bank	39,105	$851M	0.3%	$24528.57	—	COM	684000102
—	Eagle Bancorp Montana	48,583	$850M	0.3%	$18500.01	—	COM	26942g100
—	Teekay Corp	1,000,000	$808M	0.3%	$783.13	—	CONV BOND	87900YAE3
—	Contura Energy	28,338	$792M	0.3%	$59310.99	—	COM	21241b100
CLF	Cleveland-Cliffs	109,560	$791M	0.3%	$9.46	-8.4%	COM	185899101
—	AmeriServ Financial	172,832	$716M	0.3%	$2922.09	—	COM	03074a102
—	SunTrust Banks	9,898	$681M	0.3%	$33385.93	—	COM	867914103
HWBK	Hawthorn Bancshares	26,512	$632M	0.2%	$15.34	+44.6%	COM	420476103
UIS	Unisys Corp	84,100	$625M	0.2%	$15.17	-41.4%	COM	909214306
ZION	Zions Bancorp	14,031	$625M	0.2%	$26.92	+60.6%	COM	989701107
IYF	iShares DJ US Financial Sector	4,774	$615M	0.2%	$106369.92	—	COM	464287788
—	Lannett Company	53,003	$594M	0.2%	$21640.34	—	COM	516012101
—	Homestreet	21,425	$585M	0.2%	$27967.53	—	COM	43785u102
CFG	Citizens Financial Group	16,239	$574M	0.2%	$16.25	+61.7%	COM	174610105
WLKP	Westlake Chemical Partners	23,337	$542M	0.2%	$23240.01	—	COM	960417103
—	Central Valley Community Bancorp	24,752	$504M	0.2%	$11522.93	—	COM	155685100
—	Sterling Bancorp	24,891	$499M	0.2%	$24599.98	—	COM	85917a100
MOFG	MidWest One Financial	14,944	$456M	0.2%	$26.07	+12.4%	COM	598511103
—	SandRidge Energy	91,690	$431M	0.2%	$14561.22	—	COM	80007p869
THFF	The First Financial Corp	9,625	$418M	0.2%	$33.94	0.0%	COM	320218100
AAL	American Airlines Group	15,499	$418M	0.2%	$32.42	-10.5%	COM	02376R102
—	First US Bancshares	45,786	$410M	0.2%	$11533.87	—	COM	33744v103
—	Contura Energy	51,757	$388M	0.1%	$30641.75	—	WARRANT	21241b118
—	Equitrans Midstream	25,410	$370M	0.1%	$19664.99	—	COM	294600101
—	Pacwest Bancorp	9,540	$347M	0.1%	$37610.00	—	COM	695263103
EEM	iShares MSCI Emerging Markets Index	7,615	$311M	0.1%	$39060.01	—	COM	464287234
FITB	Fifth Third Bancorp	11,275	$309M	0.1%	$11.71	+81.4%	COM	316773100
HWC	Hancock Whitney Corporation	7,711	$295M	0.1%	$38.02	0.0%	COM	410120109
—	Uniti Group	34,855	$271M	0.1%	$14692.06	—	COM	91325v108
—	EZCorp Inc	280,000	$267M	0.1%	$1118.90	—	CONV BOND	302301AF3
RAIL	FreightCar America	48,730	$236M	0.1%	$18.88	-73.5%	COM	357023100
—	Apollo Global Management	6,020	$228M	0.1%	$32034.72	—	COM	037612306
—	A T & T	5,616	$213M	0.1%	$34962.22	—	COM	00206r102
TIP	iShares Barclays TIPS Bond	1,720	$200M	0.1%	$112694.06	—	COM	464287176
—	1st Constitution Bancorp	10,644	$200M	0.1%	$11477.18	—	COM	31986n102
—	Carlyle Group	7,805	$199M	0.1%	$22232.90	—	COM	14309l102
—	Superior Industries	66,034	$191M	0.1%	$14573.01	—	COM	868168105
—	SPDR S&P 600 Small Cap Value ETF	3,100	$190M	0.1%	$75985.94	—	COM	78464a300
—	KKR & Co	6,825	$183M	0.1%	$20569.13	—	COM	48248m102
—	Genco Shipping	19,889	$183M	0.1%	$7400.01	—	COM	y2685t131
—	BOK Financial	2,230	$177M	0.1%	$79341.24	—	COM	05561q201
PAA	Plains All American Pipeline	8,448	$175M	0.1%	$49687.02	—	COM	726503105
—	Navios Maritime Partners	8,728	$155M	0.1%	$1685.59	—	COM	y62267102
BBT	Berkshire Hills Bancorp	5,239	$153M	0.1%	$18.52	+34.5%	COM	084680107
FNB	F.N.B. Corporation	13,084	$151M	0.1%	$8.20	+6.7%	COM	302520101
—	Zions Bancorp	11,368	$136M	0.1%	$3301.27	—	WARRANT	989701115
—	General Electric	14,588	$130M	0.0%	$22474.55	—	COM	369604103
—	Navios Maritime Holdings	23,529	$113M	0.0%	$2871.89	—	COM	y62196103
—	BB&T Corporation	1,970	$105M	0.0%	$38374.29	—	COM	054937107
—	McDermott International	44,908	$90.71M	0.0%	$19650.00	—	COM	580037703
—	Teekay Inc	22,065	$88.26M	0.0%	$29830.54	—	COM	y8564w103
—	Iridium Communications	3,374	$71.8M	0.0%	$9877.08	—	COM	46269c102
—	Aceto Corporation	658,630	$65.86M	0.0%	$145.02	—	COM	004446100
—	Talos Energy	67,472	$65.73M	0.0%	$2946.13	—	WARRANT	87484t116
—	WPX Energy	5,345	$56.6M	0.0%	$10589.34	—	COM	98212b103
—	Financial Sector SPDR	1,600	$44.8M	0.0%	$28000.00	—	COM	81369y105
—	Bank of America	29	$43.48M	0.0%	$1109103.50	—	CONV PREF	060505682
—	SemGroup Corp	2,163	$35.34M	0.0%	$16339.81	—	COM	81663a105
—	Hawaiian Holdings	1,281	$33.64M	0.0%	$6275.29	—	COM	419879101
TSBK	Timberland Bancorp	1,000	$27.5M	0.0%	$7.96	+162.0%	COM	887098101
—	Fannie Mae	2,000	$26.7M	0.0%	$5760.00	—	PREF STK	313586752
PROV	Provident Financial Holdings	1,250	$25.94M	0.0%	$20.75	0.0%	COM	743868101
F	Ford Motor	2,494	$22.85M	0.0%	$6.95	0.0%	COM	345370860
AZN	Astrazeneca	500	$22.29M	0.0%	$41280.00	—	COM	046353108
AGM	Federal Agricultural Mortgage	250	$20.41M	0.0%	$23.58	+166.6%	COM	313148306
EZPW	EZCORP Inc	3,065	$19.79M	0.0%	$5.93	+44.4%	COM	302301106
COFS	Choiceone Financial Services	634	$18.99M	0.0%	$10.25	+120.6%	COM	170386106
—	EOG Resources	250	$18.55M	0.0%	$87212.00	—	COM	26875p101
—	Chesapeake Energy	45	$17.19M	0.0%	$382000.00	—	CONV PREF	165167768
SCHO	Schwab Short-Term U.S. Treasury ETF	300	$15.18M	0.0%	$50590.00	—	COM	808524862
—	General Motors	400	$14.99M	0.0%	$36340.00	—	COM	37045v100
—	DR Horton	250	$13.18M	0.0%	$41380.00	—	COM	23331a109
—	Teekay Tankers	10,100	$13.13M	0.0%	$1168.20	—	COM	y8565n102
—	Seagate Technology	200	$10.76M	0.0%	$53790.00	—	COM	G7945M107
—	Teekay Offshore Partners	9,257	$10.74M	0.0%	$17778.35	—	COM	y8565j101
—	Paypal Holdings	100	$10.36M	0.0%	$103590.00	—	COM	70450y103
TOL	Toll Brothers	200	$8.21M	0.0%	$36.06	+2.3%	COM	889478103
—	Chesapeake Energy	5,233	$7.379M	0.0%	$3957.07	—	COM	165167107
PSMT	Pricesmart	100	$7.11M	0.0%	$55.36	0.0%	COM	741511109
—	Meritage Homes	100	$7.035M	0.0%	$51340.00	—	COM	59001a102
—	Macy's	400	$6.216M	0.0%	$25190.00	—	COM	55616p104
—	QEP Resources	1,500	$5.55M	0.0%	$7230.00	—	COM	74733v100
—	JP Morgan Chase Alerian ETN	215	$5.003M	0.0%	$23269.77	—	COM	46625h365
—	Navios Maritime Acquisition	733	$4.933M	0.0%	$6729.88	—	COM	y62159101
—	AK Steel	1,500	$3.405M	0.0%	$4660.00	—	COM	001547108
—	Pyxus International	200	$2.616M	0.0%	$23000.00	—	COM	74737v106
—	Genco Shipping	2,155	$129K	0.0%	$100.23	—	WARRANT	y2685t123
—	Sandridge Energy	4,028	$6,000	0.0%	$1.49	—	WARRANT	80007p125