Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	USAI	182,640	$3.741M	7.7%	$20.48	$25.64	—	AMERN ENERGY	26922A552
EPD	EPD	105,207	$2.587M	5.3%	$24.59	$28.99	—	COM	293792107
ENB	ENB	77,985	$2.424M	5.0%	$31.08 *	$23.95	-18.2%	COM	29250N105
WMB	WMB	103,531	$2.283M	4.7%	$22.05 *	$17.89	-16.4%	COM	969457100
OKE	OKE	40,248	$2.171M	4.5%	$53.94 *	$30.05	+14.2%	COM	682680103
ET	ET	149,235	$1.971M	4.1%	$13.21	$15.98	—	COM UT LTD PTN	29273V100
IWV	IWV	13,298	$1.954M	4.0%	$146.94	$122.23	+20.2%	RUSSELL 3000 ETF	464287689
KMI	KMI	126,385	$1.943M	4.0%	$15.37 *	$12.46	-18.0%	COM	49456B101
—	MMP	27,762	$1.584M	3.3%	$57.06	$71.65	—	COM UNIT RP LP	559080106
—	CEQP	52,648	$1.469M	3.0%	$27.90	$23.90	—	UNIT LTD PARTNER	226344208
PAGP	PAGP	62,954	$1.265M	2.6%	$20.09	$26.13	—	LTD PARTNR INT A	72651A207
XLP	XLP	24,789	$1.259M	2.6%	$50.79	$53.66	-5.4%	SBI CONS STPLS	81369Y308
LNG	LNG	19,555	$1.158M	2.4%	$59.22	$57.45	+3.0%	COM NEW	16411R208
—	TRP	31,210	$1.114M	2.3%	$35.69	$43.94	—	COM	89353D107
IGSB	IGSB	19,018	$982K	2.0%	$51.64	$51.56	+0.2%	SH TR CRPORT ETF	464288646
TRGP	TRGP	24,623	$887K	1.8%	$36.02 *	$32.92	-13.3%	COM	87612G101
RSG	RSG	12,269	$884K	1.8%	$72.05 *	$44.23	+47.1%	COM	760759100
BRK/B	BRKB	4,218	$861K	1.8%	$204.13	$150.79	+35.4%	CL B NEW	084670702
—	ENLC	88,928	$844K	1.7%	$9.49	$16.72	—	COM UNIT REP LTD	29336T100
—	TGE	34,350	$837K	1.7%	$24.37	$25.38	—	CLASS A SHS	874696107
MKC	MKC	5,914	$824K	1.7%	$139.33 *	$42.62	+43.1%	COM NON VTG	579780206
WM	WM	9,008	$802K	1.6%	$89.03 *	$55.46	+42.9%	COM	94106L109
LMT	LMT	2,803	$734K	1.5%	$261.86 *	$197.41	+9.9%	COM	539830109
—	NS	34,967	$732K	1.5%	$20.93	$27.67	—	UNIT COM	67058H102
MCD	MCD	3,928	$698K	1.4%	$177.70 *	$106.36	+41.9%	COM	580135101
ADP	ADP	5,288	$693K	1.4%	$131.05 *	$80.18	+41.0%	COM	053015103
JNJ	JNJ	4,901	$633K	1.3%	$129.16 *	$90.46	+17.2%	COM	478160104
HSY	HSY	5,743	$616K	1.3%	$107.26 *	$76.15	+19.6%	COM	427866108
TRV	TRV	4,984	$597K	1.2%	$119.78 *	$94.38	+9.2%	COM	89417E109
PEP	PEP	5,342	$590K	1.2%	$110.45 *	$79.20	+12.8%	COM	713448108
—	SEMG	40,987	$565K	1.2%	$13.78	$23.86	—	CL A	81663A105
PG	PG	6,049	$556K	1.1%	$91.92 *	$64.19	+19.9%	COM	742718109
SHY	SHY	6,499	$543K	1.1%	$83.55	$83.11	+0.6%	1 3 YR TREAS BD	464287457
ECL	ECL	3,620	$533K	1.1%	$147.24 *	$141.48	-3.3%	COM	278865100
KO	KO	11,126	$527K	1.1%	$47.37 *	$33.90	+12.6%	COM	191216100
KMB	KMB	4,504	$513K	1.1%	$113.90 *	$92.51	-3.5%	COM	494368103
—	RTN	3,282	$503K	1.0%	$153.26	$206.58	—	COM NEW	755111507
CLX	CLX	3,253	$501K	1.0%	$154.01 *	$100.74	+24.5%	COM	189054109
KHC	KHC	10,775	$464K	1.0%	$43.06 *	$52.11	-41.2%	COM	500754106
CL	CL	7,474	$445K	0.9%	$59.54 *	$56.72	-11.1%	COM	194162103
SJM	SJM	4,505	$421K	0.9%	$93.45 *	$96.61	-22.9%	COM NEW	832696405
BUD	BUD	5,955	$392K	0.8%	$65.83	$108.74	-39.5%	SPONSORED ADR	03524A108
—	TELL	52,768	$367K	0.8%	$6.95	$8.64	—	COM	87968A104
LW	LW	4,879	$359K	0.7%	$73.58 *	$38.42	+72.0%	COM	513272104
—	WGP	1,288	$358K	0.7%	$277.95	$40.99	—	COMUNT LTD PT	95825R103
—	UL	6,778	$354K	0.7%	$52.23	$49.01	—	SPON ADR NEW	904767704
—	K	6,053	$345K	0.7%	$57.00 *	$51.01	-18.8%	COM	487836108
GIS	GIS	8,595	$335K	0.7%	$38.98 *	$43.16	-29.5%	COM	370334104
CAG	CAG	13,404	$286K	0.6%	$21.34 *	$25.82	-37.7%	COM	205887102
—	ETRN	13,056	$261K	0.5%	$19.99	$19.99	—	COM	294600101
XLC	XLC	5,524	$228K	0.5%	$41.27	$44.82	-7.9%	COMMUNICATION	81369Y852
—	MIC	6,240	$228K	0.5%	$36.54	$45.77	—	COM	55608B105
AROC	AROC	24,321	$182K	0.4%	$7.48 *	$7.98	-37.8%	COM	03957W106
—	AMGP	14,832	$166K	0.3%	$11.19	$17.72	—	COM SHS REPSTG	03675Y103
—	WGP	12,928	$36,000	0.1%	$2.78	$2.78	—	COMUNT LTD PT	95825R104
AMP	AMPE	10,000	$4,000	0.0%	$0.40 *	$109.91	-16.6%	COM	03076C106