Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
PAGP	PAGP	594,294	$15.55M	8.1%	$26.16	$26.16	—	LTD PARTNR INT A	72651A207
—	ENLC	848,535	$14.94M	7.7%	$17.60	$17.32	—	COM UNIT REP LTD	29336T100
KMI	KMI	731,618	$14.02M	7.3%	$19.16 *	$12.63	-4.7%	COM	49456B101
TRGP	TRGP	283,948	$12.83M	6.7%	$45.20 *	$31.06	+2.7%	COM	87612G101
—	NSH	466,253	$11.4M	5.9%	$24.45	$26.44	—	UNIT RESTG LLC	67059L102
WMB	WMB	303,818	$9.2M	4.8%	$30.28 *	$14.30	+33.6%	COM	969457100
OKE	OKE	163,255	$8.514M	4.4%	$52.15 *	$25.66	+19.5%	COM	682680103
ET	ETE	465,191	$8.355M	4.3%	$17.96	$16.33	—	COM UT LTD PTN	29273V100
ENB	ENB	204,917	$8.158M	4.2%	$39.81 *	$24.15	-2.0%	COM	29250N105
—	CEQP	317,587	$7.463M	3.9%	$23.50	$23.50	—	UNIT LTD PARTNER	226344208
—	SLCA	197,870	$7.022M	3.6%	$35.49	$47.32	—	COM	90346E103
—	TEGP	271,886	$6.914M	3.6%	$25.43	$24.78	—	SHS CL A	874696107
—	WGP	156,921	$6.751M	3.5%	$43.02	$41.36	—	COMUNT LTD PT	95825R103
AROC	AROC	573,609	$6.539M	3.4%	$11.40 *	$7.79	-9.5%	COM	03957W106
—	SEMG	231,228	$6.269M	3.2%	$27.11	$33.55	—	CL A	81663A105
—	TRP	117,128	$5.584M	2.9%	$47.67	$45.37	—	COM	89353D107
PBA	PBA	149,762	$4.96M	2.6%	$33.12 *	$18.96	+11.1%	COM	706327103
SND	SND	453,119	$4.037M	2.1%	$8.91	$13.68	-34.9%	COM	83191H107
LNG	LNG	70,876	$3.452M	1.8%	$48.70	$46.11	+5.6%	COM NEW	16411R208
EPD	EPD	90,135	$2.441M	1.3%	$27.08	$29.13	—	COM	293792107
IWV	IWV	13,298	$1.915M	1.0%	$144.01	$122.23	+17.8%	RUSSELL 3000 ETF	464287689
—	MMP	25,887	$1.845M	1.0%	$71.27	$72.31	—	COM UNIT RP LP	559080106
KHC	KHC	13,976	$1.197M	0.6%	$85.65 *	$53.83	+6.9%	COM	500754106
LMT	LMT	3,926	$1.09M	0.6%	$277.64 *	$182.72	+21.2%	COM	539830109
—	BPL	17,015	$1.088M	0.6%	$63.94	$70.32	—	UNIT LTD PARTN	118230101
XLP	XLP	19,472	$1.07M	0.6%	$54.95	$53.24	+3.2%	SBI CONS STPLS	81369Y308
RSG	RSG	15,974	$1.018M	0.5%	$63.73 *	$41.22	+35.2%	COM	760759100
WM	WM	13,672	$1.003M	0.5%	$73.36 *	$50.79	+24.5%	COM	94106L109
IGSB	CSJ	9,509	$1.001M	0.5%	$105.27 *	$52.59	+0.1%	1-3 YR CR BD ETF	464288646
MCD	MCD	5,592	$857K	0.4%	$153.25 *	$99.18	+26.5%	COM	580135101
ADP	ADP	8,216	$842K	0.4%	$102.48 *	$71.94	+19.0%	COM	053015103
—	DPS	9,087	$828K	0.4%	$91.12	$96.68	—	COM	26138E109
CLX	CLX	6,155	$820K	0.4%	$133.23 *	$98.68	+5.5%	COM	189054109
JNJ	JNJ	6,181	$818K	0.4%	$132.34 *	$87.05	+20.0%	COM	478160104
HSY	HSY	7,593	$815K	0.4%	$107.34 *	$74.57	+17.6%	COM	427866108
TRV	TRV	6,301	$797K	0.4%	$126.49 *	$91.51	+14.9%	COM	89417E109
PEP	PEP	6,626	$765K	0.4%	$115.45 *	$77.08	+15.7%	COM	713448108
—	EQGP	25,282	$762K	0.4%	$30.14	$25.45	—	COM UNIT REP	26885J103
MKC	MKC	7,708	$752K	0.4%	$97.56 *	$40.66	+1.8%	COM NON VTG	579780206
PG	PG	8,587	$748K	0.4%	$87.11 *	$63.33	+9.6%	COM	742718109
BRK/B	BRKB	4,397	$745K	0.4%	$169.43	$142.96	+18.5%	CL B NEW	084670702
CL	CL	9,668	$717K	0.4%	$74.16 *	$56.89	+6.5%	COM	194162103
KMB	KMB	5,473	$707K	0.4%	$129.18 *	$93.92	+2.2%	COM	494368103
GIS	GIS	12,629	$700K	0.4%	$55.43 *	$45.44	-10.2%	COM	370334104
SJM	SJM	5,702	$675K	0.3%	$118.38 *	$99.14	-8.9%	COM NEW	832696405
—	UL	12,265	$664K	0.3%	$54.14	$48.03	—	SPON ADR NEW	904767704
IBM	IBM	3,945	$607K	0.3%	$153.87 *	$95.13	+6.8%	COM	459200101
CAG	CAG	16,924	$605K	0.3%	$35.75 *	$25.38	+2.4%	COM	205887102
—	K	8,594	$597K	0.3%	$69.47 *	$50.92	-6.0%	COM	487836108
KO	KO	13,120	$588K	0.3%	$44.82 *	$33.31	+3.2%	COM	191216100
AGG	AGG	5,122	$561K	0.3%	$109.53	$110.64	-1.0%	CORE US AGGBD ET	464287226
QSR	QSR	6,102	$382K	0.2%	$62.60	$42.19	+48.2%	COM	76131D103
XLU	XLU	5,107	$265K	0.1%	$51.89 *	$24.64	+5.4%	SBI INT-UTILS	81369Y886
LW	LW	5,366	$236K	0.1%	$43.98 *	$29.75	+30.4%	COM	513272104
MDLZ	MDLZ	5,343	$231K	0.1%	$43.23 *	$34.83	+1.3%	CL A	609207105
—	SPLV	4,721	$211K	0.1%	$44.69	$43.42	—	S&P500 LOW VOL	73937B779