TSP Capital Management Group, LLC Activity Q4 2004-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
CIG	Sell	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$17,794,319	-8.4%	7,353,027	-0.4%	6.86%	-2.1%
MLP	Sell	MAUI LD & PINEAPPLE INC	$16,346,912	-7.9%	1,233,729	-1.0%	6.30%	-1.6%
CWCO	Sell	CONSOLIDATED WATER CO INCord	$15,171,318	+8.3%	533,450	-7.7%	5.85%	+15.8%
LLY	Sell	ELI LILLY & CO	$11,763,149	-6.6%	21,900	-18.5%	4.54%	-0.2%
CTVA	Sell	CORTEVA INC	$11,543,502	-10.8%	225,635	-0.1%	4.45%	-4.7%
	Sell	AMERICA MOVIL SAB DE CVspon ads rp cl b	$10,882,570	-20.4%	628,323	-0.6%	4.20%	-15.0%
	Buy	ADEIA INC	$10,724,237	+7.0%	1,004,142	+10.3%	4.14%	+14.4%
XYL	Sell	XYLEM INC	$10,428,203	-19.3%	114,557	-0.2%	4.02%	-13.8%
SLV	Buy	ISHARES SILVER TRishares	$10,209,155	-2.6%	501,925	+0.0%	3.94%	+4.1%
NGD	Sell	NEW GOLD INC CDA	$9,997,680	-15.7%	10,985,000	-0.0%	3.86%	-10.0%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$9,818,673	+24.6%	1,152,426	+7.5%	3.79%	+33.1%
GLD	Sell	SPDR GOLD TR	$8,939,756	-4.0%	52,142	-0.1%	3.45%	+2.6%
NOK	Buy	NOKIA CORPsponsored adr	$8,400,102	-9.9%	2,246,017	+0.2%	3.24%	-3.7%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$8,326,115	-7.2%	223,280	-0.5%	3.21%	-0.9%
MSEX	Sell	MIDDLESEX WTR CO	$7,648,941	-18.6%	115,456	-0.9%	2.95%	-13.0%
WM	Sell	WASTE MGMT INC DEL	$7,641,110	-12.6%	50,125	-0.6%	2.95%	-6.6%
NVAX	Buy	NOVAVAX INC	$6,996,374	+156.1%	966,350	+162.8%	2.70%	+173.6%
CLDX	Sell	CELLDEX THERAPEUTICS INC NEW	$6,926,645	-19.0%	251,695	-0.1%	2.67%	-13.4%
SBSW	Buy	SIBANYE STILLWATER LTDsponsored adr	$5,866,591	-0.4%	950,825	+0.7%	2.26%	+6.4%
WU	Sell	WESTERN UN CO	$5,670,748	+9.8%	430,253	-2.3%	2.19%	+17.4%
BGH	Buy	BARINGS GLOBAL SHORT DURATIO	$5,149,109	-0.3%	405,442	+2.3%	1.99%	+6.5%
MPV	Sell	BARINGS PARTN INVSsh ben int	$4,624,929	+4.0%	344,373	-0.0%	1.78%	+11.2%
MRK	Sell	MERCK & CO INC	$3,600,731	-10.8%	34,976	-0.1%	1.39%	-4.7%
	Buy	XPERI INC	$3,304,785	-23.5%	335,171	+2.0%	1.27%	-18.3%
TMQ	Buy	TRILOGY METALS INC NEW	$2,904,475	-13.0%	5,927,500	+5.3%	1.12%	-7.1%
	Buy	LI-CYCLE HOLDINGS CORP	$2,407,255	+7.1%	678,100	+67.4%	0.93%	+14.4%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$2,319,270	+3.9%	275,775	+0.5%	0.89%	+10.9%
DUK	Sell	DUKE ENERGY CORP NEW	$1,913,736	-2.2%	21,683	-0.5%	0.74%	+4.5%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$1,722,941	-9.2%	29,685	+0.0%	0.66%	-3.1%
PFE	Sell	PFIZER INC	$1,484,026	-15.3%	44,740	-6.3%	0.57%	-9.5%
ENB	Sell	ENBRIDGE INC	$1,465,706	-10.8%	44,161	-0.1%	0.56%	-4.7%
MCI	Buy	BARINGS CORPORATE INVS	$1,429,327	+7.5%	89,669	+0.5%	0.55%	+14.8%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$1,303,312	-13.0%	10,525	+0.2%	0.50%	-7.0%
XOM	Sell	EXXON MOBIL CORP	$1,250,777	+7.9%	10,638	-1.6%	0.48%	+15.3%
NEM	Sell	NEWMONT CORP	$1,208,154	-59.9%	32,697	-53.7%	0.47%	-57.1%
KRP	Sell	KIMBELL RTY PARTNERS LPunit	$1,152,001	+7.7%	72,000	-1.0%	0.44%	+15.0%
HPI	Sell	HANCOCK JOHN PFD INCOME FDsh ben int	$1,057,426	-5.0%	72,575	-0.7%	0.41%	+1.7%
CSCO	Sell	CISCO SYS INC	$690,816	+1.3%	12,850	-2.5%	0.27%	+8.1%
CDE	Buy	COEUR MNG INC	$666,000	+212.7%	300,000	+300.0%	0.26%	+233.8%
ASRT	Buy	ASSERTIO HOLDINGS INC	$403,968	-52.4%	157,800	+0.8%	0.16%	-49.0%
WY	Sell	WEYERHAEUSER CO MTN BE	$354,461	-18.6%	11,561	-11.0%	0.14%	-12.7%

Q2 2023

			Value		Shares		↓ Weighting
CIG	New	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$19,418,016	–	7,383,275	–	7.01%	–
MLP	New	MAUI LD & PINEAPPLE INC	$17,749,150	–	1,246,429	–	6.40%	–
	New	WARNER BROS DISCOVERY INC	$14,945,192	–	1,191,801	–	5.39%	–
CWCO	New	CONSOLIDATED WATER CO INCord	$14,004,342	–	577,975	–	5.05%	–
	New	AMERICA MOVIL SAB DE CVspon ads rp cl b	$13,679,351	–	632,132	–	4.94%	–
CTVA	New	CORTEVA INC	$12,947,432	–	225,959	–	4.67%	–
XYL	New	XYLEM INC	$12,923,520	–	114,753	–	4.66%	–
LLY	New	LILLY ELI & CO	$12,596,804	–	26,860	–	4.54%	–
NGD	New	NEW GOLD INC CDA	$11,865,150	–	10,986,000	–	4.28%	–
SLV	New	ISHARES SILVER TRishares	$10,482,082	–	501,775	–	3.78%	–
	New	ADEIA INC	$10,021,902	–	910,254	–	3.62%	–
MSEX	New	MIDDLESEX WTR CO	$9,399,151	–	116,528	–	3.39%	–
NOK	New	NOKIA CORPsponsored adr	$9,321,007	–	2,240,627	–	3.36%	–
GLD	New	SPDR GOLD TR	$9,308,729	–	52,217	–	3.36%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$8,976,000	–	224,400	–	3.24%	–
WM	New	WASTE MGMT INC DEL	$8,744,766	–	50,425	–	3.16%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$8,546,800	–	251,895	–	3.08%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,881,970	–	1,072,376	–	2.84%	–
SBSW	New	SIBANYE STILLWATER LTDsponsored adr	$5,890,716	–	944,025	–	2.13%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$5,166,645	–	396,216	–	1.86%	–
WU	New	WESTERN UN CO	$5,164,446	–	440,276	–	1.86%	–
MPV	New	BARINGS PARTN INVSsh ben int	$4,445,938	–	344,379	–	1.60%	–
SSYS	New	STRATASYS LTD	$4,423,128	–	249,050	–	1.60%	–
	New	XPERI INC	$4,321,501	–	328,631	–	1.56%	–
MRK	New	MERCK & CO INC	$4,038,134	–	34,996	–	1.46%	–
TMQ	New	TRILOGY METALS INC NEW	$3,339,927	–	5,627,500	–	1.20%	–
NEM	New	NEWMONT CORP	$3,012,010	–	70,605	–	1.09%	–
NVAX	New	NOVAVAX INC	$2,732,383	–	367,750	–	0.99%	–
	New	LI-CYCLE HOLDINGS CORP	$2,247,750	–	405,000	–	0.81%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$2,233,005	–	274,325	–	0.81%	–
DUK	New	DUKE ENERGY CORP NEW	$1,956,352	–	21,800	–	0.71%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$1,898,012	–	29,680	–	0.68%	–
PFE	New	PFIZER INC	$1,751,103	–	47,740	–	0.63%	–
ENB	New	ENBRIDGE INC	$1,642,443	–	44,211	–	0.59%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,498,876	–	10,500	–	0.54%	–
MCI	New	BARINGS CORPORATE INVS	$1,329,351	–	89,218	–	0.48%	–
XOM	New	EXXON MOBIL CORP	$1,159,430	–	10,811	–	0.42%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,112,557	–	73,050	–	0.40%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$1,069,418	–	72,700	–	0.39%	–
ASRT	New	ASSERTIO HOLDINGS INC	$848,773	–	156,600	–	0.31%	–
CSCO	New	CISCO SYS INC	$681,985	–	13,181	–	0.25%	–
CAG	New	CONAGRA BRANDS INC	$546,264	–	16,200	–	0.20%	–
GLW	New	CORNING INC	$525,600	–	15,000	–	0.19%	–
WY	New	WEYERHAEUSER CO MTN BE	$435,296	–	12,990	–	0.16%	–
SAND	New	SANDSTORM GOLD LTD	$396,800	–	77,500	–	0.14%	–
PBI	New	PITNEY BOWES INC	$244,968	–	69,200	–	0.09%	–
CDE	New	COEUR MNG INC	$213,000	–	75,000	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
PBI	Exit	PITNEY BOWES INC	$0	–	-63,700	–	-0.06%	–
	Exit	CALITHERA BIOSCIENCES INC	$0	–	-62,900	–	-0.08%	–
CDE	Exit	COEUR MNG INC	$0	–	-75,000	–	-0.11%	–
NVAX	Exit	NOVAVAX INC	$0	–	-16,025	–	-0.12%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-12,990	–	-0.16%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-34,800	–	-0.16%	–
SAND	Exit	SANDSTORM GOLD LTD	$0	–	-77,500	–	-0.17%	–
ASRT	Exit	ASSERTIO HOLDINGS INC	$0	–	-209,249	–	-0.20%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,350	–	-0.24%	–
GLW	Exit	CORNING INC	$0	–	-20,000	–	-0.24%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-17,900	–	-0.25%	–
HRB	Exit	BLOCK H & R INC	$0	–	-16,200	–	-0.29%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-9,880	–	-0.34%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-10,650	–	-0.36%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-11,004	–	-0.40%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-86,498	–	-0.47%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-73,700	–	-0.53%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-85,155	–	-0.58%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-10,950	–	-0.60%	–
ENB	Exit	ENBRIDGE INC	$0	–	-46,179	–	-0.72%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-21,778	–	-0.86%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-29,915	–	-0.90%	–
PFE	Exit	PFIZER INC	$0	–	-51,080	–	-0.94%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-280,875	–	-0.96%	–
TMQ	Exit	TRILOGY METALS INC NEW	$0	–	-4,382,500	–	-1.12%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-6,462	–	-1.19%	–
MRK	Exit	MERCK & CO INC	$0	–	-35,929	–	-1.30%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-347,201	–	-1.66%	–
NEM	Exit	NEWMONT CORP	$0	–	-96,743	–	-1.72%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-358,165	–	-1.85%	–
AGFS	Exit	AGROFRESH SOLUTIONS INC	$0	–	-3,170,800	–	-2.01%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-225,200	–	-2.60%	–
WU	Exit	WESTERN UN CO	$0	–	-498,864	–	-2.84%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-611,746	–	-2.97%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,096,939	–	-3.11%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-267,295	–	-3.17%	–
GLD	Exit	SPDR GOLD TR	$0	–	-52,412	–	-3.42%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-50,850	–	-3.44%	–
CWCO	Exit	CONSOLIDATED WATER CO INCord	$0	–	-558,125	–	-3.62%	–
SBSW	Exit	SIBANYE STILLWATER LTDsponsored adr	$0	–	-929,275	–	-3.65%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-506,850	–	-3.74%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-2,096,577	–	-3.78%	–
MSEX	Exit	MIDDLESEX WTR CO	$0	–	-117,821	–	-3.84%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-10,365,000	–	-3.85%	–
XYL	Exit	XYLEM INC	$0	–	-117,542	–	-4.33%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-632,982	–	-4.40%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,211,129	–	-4.71%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-840,772	–	-5.02%	–
LLY	Exit	LILLY ELI & CO	$0	–	-37,425	–	-5.10%	–
CTVA	Exit	CORTEVA INC	$0	–	-228,570	–	-5.51%	–
CIG	Exit	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$0	–	-7,420,671	–	-6.32%	–

Q3 2022

			Value		Shares		↓ Weighting
CIG	Sell	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$14,990,000	-0.8%	7,420,671	-0.8%	6.32%	+6.2%
CTVA	Sell	CORTEVA INC	$13,063,000	+5.0%	228,570	-0.5%	5.51%	+12.5%
XPER	Buy	XPERI HOLDING CORP	$11,889,000	-1.3%	840,772	+0.7%	5.02%	+5.7%
MLP	Sell	MAUI LD & PINEAPPLE INC	$11,154,000	-2.9%	1,211,129	-0.1%	4.71%	+4.0%
AMX	Sell	AMERICA MOVIL SAB DE CV	$10,425,000	-21.1%	632,982	-2.1%	4.40%	-15.5%
XYL	Sell	XYLEM INC	$10,268,000	+10.5%	117,542	-1.1%	4.33%	+18.4%
NGD	Sell	NEW GOLD INC CDA	$9,121,000	-18.1%	10,365,000	-0.4%	3.85%	-12.2%
MSEX	Sell	MIDDLESEX WTR CO	$9,096,000	-12.5%	117,821	-0.6%	3.84%	-6.3%
NOK	Sell	NOKIA CORPsponsored adr	$8,952,000	-9.5%	2,096,577	-2.3%	3.78%	-3.0%
SLV	Sell	ISHARES SILVER TRishares	$8,870,000	-6.7%	506,850	-0.6%	3.74%	-0.0%
SBSW	Buy	SIBANYE STILLWATER LTDsponsored adr	$8,661,000	-5.9%	929,275	+0.7%	3.65%	+0.8%
CWCO	Buy	CONSOLIDATED WATER CO INCord	$8,584,000	+7.4%	558,125	+1.2%	3.62%	+15.0%
WM	Sell	WASTE MGMT INC DEL	$8,147,000	+3.1%	50,850	-1.5%	3.44%	+10.4%
GLD	Sell	SPDR GOLD TR	$8,107,000	-8.4%	52,412	-0.2%	3.42%	-1.9%
CLDX	Buy	CELLDEX THERAPEUTICS INC NEW	$7,514,000	+4.6%	267,295	+0.3%	3.17%	+12.0%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,382,000	+2.4%	1,096,939	+0.5%	3.11%	+9.7%
	Buy	WARNER BROS DISCOVERY INC	$7,035,000	+2.7%	611,746	+19.8%	2.97%	+10.0%
WU	Sell	WESTERN UN CO	$6,735,000	-19.5%	498,864	-1.7%	2.84%	-13.7%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$6,155,000	-6.8%	225,200	-0.2%	2.60%	-0.2%
AGFS	Buy	AGROFRESH SOLUTIONS INC	$4,756,000	-13.6%	3,170,800	+3.2%	2.01%	-7.4%
BGH	Sell	BARINGS GLOBAL SHORT DURATIO	$4,377,000	-10.8%	358,165	-5.0%	1.85%	-4.4%
MPV	Sell	BARINGS PARTN INVSsh ben int	$3,932,000	-9.8%	347,201	-2.3%	1.66%	-3.3%
CHE	Sell	CHEMED CORP NEW	$2,821,000	-8.4%	6,462	-1.5%	1.19%	-1.9%
TMQ	Buy	TRILOGY METALS INC NEW	$2,659,000	-9.1%	4,382,500	+13.3%	1.12%	-2.6%
KYN	Sell	KAYNE ANDERSON ENERGY INFRST	$2,275,000	-4.2%	280,875	-0.9%	0.96%	+2.7%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,127,000	-14.1%	29,915	-7.0%	0.90%	-8.0%
DUK	Sell	DUKE ENERGY CORP NEW	$2,026,000	-15.0%	21,778	-2.1%	0.86%	-8.9%
ENB	Sell	ENBRIDGE INC	$1,713,000	-13.6%	46,179	-1.6%	0.72%	-7.4%
HPI	Sell	HANCOCK JOHN PFD INCOME FDsh ben int	$1,364,000	-9.7%	85,155	-1.3%	0.58%	-3.4%
KRP	Sell	KIMBELL RTY PARTNERS LPunit	$1,251,000	+1.4%	73,700	-6.4%	0.53%	+8.6%
MCI	Buy	BARINGS CORPORATE INVS	$1,120,000	-2.7%	86,498	+0.8%	0.47%	+4.2%
XOM	Buy	EXXON MOBIL CORP	$961,000	+2.0%	11,004	+0.0%	0.40%	+9.2%
ADM	Sell	ARCHER DANIELS MIDLAND CO	$795,000	-0.4%	9,880	-3.9%	0.34%	+6.7%
HRB	Sell	BLOCK H & R INC	$689,000	-20.3%	16,200	-33.7%	0.29%	-14.4%
CAG	Sell	CONAGRA BRANDS INC	$584,000	-5.2%	17,900	-0.6%	0.25%	+1.2%
GLW	Sell	CORNING INC	$580,000	-54.0%	20,000	-50.0%	0.24%	-50.6%
CSCO	Sell	CISCO SYS INC	$574,000	-8.2%	14,350	-2.0%	0.24%	-1.6%
ASRT	Sell	ASSERTIO HOLDINGS INC	$475,000	-30.0%	209,249	-9.1%	0.20%	-25.1%
VLY	Sell	VALLEY NATL BANCORP	$376,000	+1.3%	34,800	-2.2%	0.16%	+8.9%
WY	Sell	WEYERHAEUSER CO MTN BE	$371,000	-18.1%	12,990	-5.1%	0.16%	-11.8%
	Buy	CALITHERA BIOSCIENCES INC	$185,000	+41.2%	62,900	+18.0%	0.08%	+50.0%
PBI	Buy	PITNEY BOWES INC	$148,000	-35.1%	63,700	+1.2%	0.06%	-31.1%
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-11,100	–	-0.17%	–

Q2 2022

			Value		Shares		↓ Weighting
CIG	New	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$15,117,000	–	7,483,750	–	5.95%	–
AMX	New	AMERICA MOVIL SAB DE CV	$13,212,000	–	646,679	–	5.20%	–
CTVA	New	CORTEVA INC	$12,437,000	–	229,718	–	4.90%	–
LLY	New	LILLY ELI & CO	$12,134,000	–	37,425	–	4.78%	–
XPER	New	XPERI HOLDING CORP	$12,046,000	–	834,763	–	4.74%	–
MLP	New	MAUI LD & PINEAPPLE INC	$11,486,000	–	1,212,879	–	4.52%	–
NGD	New	NEW GOLD INC CDA	$11,130,000	–	10,402,000	–	4.38%	–
MSEX	New	MIDDLESEX WTR CO	$10,396,000	–	118,569	–	4.09%	–
NOK	New	NOKIA CORPsponsored adr	$9,891,000	–	2,145,477	–	3.90%	–
SLV	New	ISHARES SILVER TRishares	$9,503,000	–	509,820	–	3.74%	–
XYL	New	XYLEM INC	$9,289,000	–	118,813	–	3.66%	–
SBSW	New	SIBANYE STILLWATER LTDsponsored adr	$9,205,000	–	923,225	–	3.62%	–
GLD	New	SPDR GOLD TR	$8,848,000	–	52,522	–	3.48%	–
WU	New	WESTERN UN CO	$8,362,000	–	507,727	–	3.29%	–
CWCO	New	CONSOLIDATED WATER CO INCord	$7,994,000	–	551,325	–	3.15%	–
WM	New	WASTE MGMT INC DEL	$7,901,000	–	51,650	–	3.11%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,207,000	–	1,091,989	–	2.84%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$7,186,000	–	266,545	–	2.83%	–
	New	WARNER BROS DISCOVERY INC	$6,851,000	–	510,491	–	2.70%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$6,605,000	–	225,750	–	2.60%	–
NEM	New	NEWMONT CORP	$5,773,000	–	96,743	–	2.27%	–
AGFS	New	AGROFRESH SOLUTIONS INC	$5,502,000	–	3,073,700	–	2.17%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$4,906,000	–	377,125	–	1.93%	–
MPV	New	BARINGS PARTN INVSsh ben int	$4,358,000	–	355,428	–	1.72%	–
MRK	New	MERCK & CO INC	$3,276,000	–	35,929	–	1.29%	–
CHE	New	CHEMED CORP NEW	$3,080,000	–	6,562	–	1.21%	–
TMQ	New	TRILOGY METALS INC NEW	$2,926,000	–	3,867,500	–	1.15%	–
PFE	New	PFIZER INC	$2,678,000	–	51,080	–	1.06%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,476,000	–	32,150	–	0.98%	–
DUK	New	DUKE ENERGY CORP NEW	$2,384,000	–	22,235	–	0.94%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$2,375,000	–	283,354	–	0.94%	–
ENB	New	ENBRIDGE INC	$1,982,000	–	46,909	–	0.78%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,629,000	–	10,950	–	0.64%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,511,000	–	86,305	–	0.60%	–
GLW	New	CORNING INC	$1,260,000	–	40,000	–	0.50%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$1,234,000	–	78,700	–	0.49%	–
MCI	New	BARINGS CORPORATE INVS	$1,151,000	–	85,845	–	0.45%	–
MDT	New	MEDTRONIC PLC	$956,000	–	10,650	–	0.38%	–
XOM	New	EXXON MOBIL CORP	$942,000	–	11,001	–	0.37%	–
HRB	New	BLOCK H & R INC	$864,000	–	24,450	–	0.34%	–
NVAX	New	NOVAVAX INC	$824,000	–	16,025	–	0.32%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$798,000	–	10,282	–	0.31%	–
ASRT	New	ASSERTIO HOLDINGS INC	$679,000	–	230,199	–	0.27%	–
CSCO	New	CISCO SYS INC	$625,000	–	14,650	–	0.25%	–
CAG	New	CONAGRA BRANDS INC	$616,000	–	18,000	–	0.24%	–
SAND	New	SANDSTORM GOLD LTD	$461,000	–	77,500	–	0.18%	–
WY	New	WEYERHAEUSER CO MTN BE	$453,000	–	13,690	–	0.18%	–
CMCSA	New	COMCAST CORP NEWcl a	$436,000	–	11,100	–	0.17%	–
VLY	New	VALLEY NATL BANCORP	$371,000	–	35,600	–	0.15%	–
CDE	New	COEUR MNG INC	$228,000	–	75,000	–	0.09%	–
PBI	New	PITNEY BOWES INC	$228,000	–	62,950	–	0.09%	–
	New	CALITHERA BIOSCIENCES INC	$131,000	–	53,295	–	0.05%	–

Q4 2021

			Value		Shares		↓ Weighting
ASRT	Exit	ASSERTIO HOLDINGS INC	$0	–	-268,624	–	-0.08%	–
CDE	Exit	COEUR MNG INC	$0	–	-75,000	–	-0.16%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-65,450	–	-0.16%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-36,300	–	-0.16%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-13,690	–	-0.17%	–
HRB	Exit	BLOCK H & R INC	$0	–	-25,000	–	-0.21%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-18,500	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-10,788	–	-0.22%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-12,250	–	-0.23%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-12,482	–	-0.26%	–
CSCO	Exit	CISCO SYS INC	$0	–	-14,950	–	-0.28%	–
DISCA	Exit	DISCOVERY INC	$0	–	-32,577	–	-0.28%	–
DISCK	Exit	DISCOVERY INC	$0	–	-52,633	–	-0.44%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-88,043	–	-0.47%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-11,200	–	-0.48%	–
CALA	Exit	CALITHERA BIOSCIENCES INC	$0	–	-661,600	–	-0.49%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-105,416	–	-0.51%	–
GLW	Exit	CORNING INC	$0	–	-50,000	–	-0.62%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-85,245	–	-0.63%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,000	–	-0.64%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-31,743	–	-0.64%	–
ENB	Exit	ENBRIDGE INC	$0	–	-47,598	–	-0.65%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-22,086	–	-0.74%	–
PFE	Exit	PFIZER INC	$0	–	-51,080	–	-0.75%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-294,754	–	-0.80%	–
MRK	Exit	MERCK & CO INC	$0	–	-36,129	–	-0.93%	–
NVAX	Exit	NOVAVAX INC	$0	–	-18,525	–	-1.31%	–
CWCO	Exit	CONSOLIDATED WATER CO INCord	$0	–	-371,525	–	-1.45%	–
AGFS	Exit	AGROFRESH SOLUTIONS INC	$0	–	-1,974,800	–	-1.46%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-383,942	–	-1.81%	–
TMQ	Exit	TRILOGY METALS INC NEW	$0	–	-3,080,000	–	-1.94%	–
NEM	Exit	NEWMONT CORP	$0	–	-106,505	–	-1.97%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-378,051	–	-2.21%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-15,974	–	-2.54%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-231,700	–	-2.57%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,135,371	–	-2.62%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-52,396	–	-2.67%	–
GLD	Exit	SPDR GOLD TR	$0	–	-53,872	–	-3.02%	–
PVG	Exit	PRETIUM RES INC	$0	–	-936,055	–	-3.08%	–
WU	Exit	WESTERN UN CO	$0	–	-524,102	–	-3.62%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-518,595	–	-3.63%	–
LLY	Exit	LILLY ELI & CO	$0	–	-47,856	–	-3.78%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-10,501,000	–	-3.80%	–
SBSW	Exit	SIBANYE STILLWATER LTDsponsored adr	$0	–	-928,275	–	-3.91%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-2,108,802	–	-3.92%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-679,905	–	-4.10%	–
CTVA	Exit	CORTEVA INC	$0	–	-289,500	–	-4.16%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,214,078	–	-4.29%	–
MSEX	Exit	MIDDLESEX WTR CO	$0	–	-125,923	–	-4.42%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-271,429	–	-5.00%	–
XYL	Exit	XYLEM INC	$0	–	-121,089	–	-5.11%	–
CIG	Exit	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$0	–	-6,025,904	–	-5.18%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-810,604	–	-5.21%	–

Q3 2021

			Value		Shares		↓ Weighting
XPER	Buy	XPERI HOLDING CORP	$15,272,000	-15.2%	810,604	+0.1%	5.21%	-11.9%
CIG	Buy	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$15,185,000	+6.9%	6,025,904	+1.0%	5.18%	+11.0%
XYL	Sell	XYLEM INC	$14,976,000	-2.2%	121,089	-5.1%	5.11%	+1.5%
CLDX	Sell	CELLDEX THERAPEUTICS INC NEW	$14,654,000	+28.9%	271,429	-20.2%	5.00%	+33.9%
MSEX	Sell	MIDDLESEX WTR CO	$12,942,000	+17.3%	125,923	-6.7%	4.42%	+21.8%
MLP	Buy	MAUI LD & PINEAPPLE INC	$12,578,000	+0.1%	1,214,078	+3.7%	4.29%	+4.0%
CTVA	Sell	CORTEVA INC	$12,182,000	-5.1%	289,500	-0.0%	4.16%	-1.5%
AMX	Sell	AMERICA MOVIL SAB DE CV	$12,014,000	+17.7%	679,905	-0.1%	4.10%	+22.3%
NOK	Buy	NOKIA CORPsponsored adr	$11,493,000	+2.9%	2,108,802	+0.5%	3.92%	+6.9%
SBSW	Sell	SIBANYE STILLWATER LTDsponsored adr	$11,455,000	-26.7%	928,275	-0.6%	3.91%	-23.9%
NGD	Buy	NEW GOLD INC CDA	$11,131,000	-41.0%	10,501,000	+0.7%	3.80%	-38.8%
SLV	Sell	ISHARES SILVER TRishares	$10,642,000	-16.0%	518,595	-0.9%	3.63%	-12.8%
WU	Buy	WESTERN UN CO	$10,597,000	-11.1%	524,102	+1.0%	3.62%	-7.7%
PVG	Buy	PRETIUM RES INC	$9,024,000	+24.8%	936,055	+23.7%	3.08%	+29.6%
WM	Sell	WASTE MGMT INC DEL	$7,826,000	+5.9%	52,396	-0.7%	2.67%	+10.0%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,675,000	-23.7%	1,135,371	+2.1%	2.62%	-20.8%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$7,537,000	-12.5%	231,700	-0.2%	2.57%	-9.2%
CHE	Sell	CHEMED CORP NEW	$7,430,000	-2.1%	15,974	-0.2%	2.54%	+1.6%
BGH	Buy	BARINGS GLOBAL SHORT DURATIO	$6,465,000	+1.6%	378,051	+1.4%	2.21%	+5.4%
NEM	Sell	NEWMONT CORP	$5,783,000	-14.8%	106,505	-0.6%	1.97%	-11.6%
TMQ	Buy	TRILOGY METALS INC NEW	$5,698,000	+21.7%	3,080,000	+65.1%	1.94%	+26.4%
MPV	Buy	BARINGS PARTN INVSsh ben int	$5,298,000	+0.9%	383,942	+0.3%	1.81%	+4.8%
AGFS	Buy	AGROFRESH SOLUTIONS INC	$4,266,000	+68.0%	1,974,800	+61.7%	1.46%	+74.4%
CWCO	Buy	CONSOLIDATED WATER CO INCord	$4,235,000	+1.3%	371,525	+4.2%	1.45%	+5.2%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$2,358,000	-9.2%	294,754	+0.9%	0.80%	-5.7%
ENB	Buy	ENBRIDGE INC	$1,894,000	+3.2%	47,598	+3.8%	0.65%	+7.1%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,859,000	+9.2%	11,000	-0.5%	0.64%	+13.4%
HPI	Buy	HANCOCK JOHN PFD INCOME FDsh ben int	$1,833,000	+2.1%	85,245	+2.5%	0.63%	+5.9%
CALA	Buy	CALITHERA BIOSCIENCES INC	$1,442,000	+48.8%	661,600	+42.7%	0.49%	+54.2%
MDT	Sell	MEDTRONIC PLC	$1,404,000	+0.6%	11,200	-0.4%	0.48%	+4.4%
DISCK	Sell	DISCOVERY INC	$1,277,000	-17.8%	52,633	-1.9%	0.44%	-14.7%
DISCA	Sell	DISCOVERY INC	$827,000	-18.5%	32,577	-1.5%	0.28%	-15.6%
CSCO	Sell	CISCO SYS INC	$814,000	-0.6%	14,950	-3.2%	0.28%	+3.3%
ADM	Buy	ARCHER DANIELS MIDLAND CO	$749,000	+6.1%	12,482	+7.2%	0.26%	+10.3%
PBI	Buy	PITNEY BOWES INC	$472,000	-6.3%	65,450	+13.9%	0.16%	-3.0%
ASRT	Buy	ASSERTIO HOLDINGS INC	$243,000	+19.1%	268,624	+105.5%	0.08%	+23.9%
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-10,708	–	-0.20%	–

Q2 2021

			Value		Shares		↓ Weighting
NGD	New	NEW GOLD INC CDA	$18,881,000	–	10,431,000	–	6.21%	–
XPER	New	XPERI HOLDING CORP	$18,007,000	–	809,674	–	5.92%	–
SBSW	New	SIBANYE STILLWATER LTDsponsored adr	$15,622,000	–	933,775	–	5.14%	–
XYL	New	XYLEM INC	$15,312,000	–	127,639	–	5.04%	–
CIG	New	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$14,200,000	–	5,966,466	–	4.67%	–
CTVA	New	CORTEVA INC	$12,840,000	–	289,525	–	4.22%	–
SLV	New	ISHARES SILVER TRishares	$12,674,000	–	523,295	–	4.17%	–
MLP	New	MAUI LD & PINEAPPLE INC	$12,560,000	–	1,170,578	–	4.13%	–
WU	New	WESTERN UN CO	$11,919,000	–	518,885	–	3.92%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$11,367,000	–	339,929	–	3.74%	–
NOK	New	NOKIA CORPsponsored adr	$11,166,000	–	2,098,827	–	3.67%	–
MSEX	New	MIDDLESEX WTR CO	$11,030,000	–	134,959	–	3.63%	–
LLY	New	LILLY ELI & CO	$10,984,000	–	47,856	–	3.61%	–
AMX	New	AMERICA MOVIL SAB DE CV	$10,204,000	–	680,255	–	3.36%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$10,063,000	–	1,111,921	–	3.31%	–
GLD	New	SPDR GOLD TR	$8,923,000	–	53,872	–	2.93%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$8,617,000	–	232,200	–	2.83%	–
CHE	New	CHEMED CORP NEW	$7,592,000	–	15,999	–	2.50%	–
WM	New	WASTE MGMT INC DEL	$7,390,000	–	52,746	–	2.43%	–
PVG	New	PRETIUM RES INC	$7,232,000	–	756,480	–	2.38%	–
NEM	New	NEWMONT CORP	$6,791,000	–	107,155	–	2.23%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$6,366,000	–	372,726	–	2.09%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,250,000	–	382,642	–	1.73%	–
TMQ	New	TRILOGY METALS INC NEW	$4,681,000	–	1,865,000	–	1.54%	–
CWCO	New	CONSOLIDATED WATER CO INCord	$4,181,000	–	356,475	–	1.38%	–
NVAX	New	NOVAVAX INC	$3,933,000	–	18,525	–	1.29%	–
MRK	New	MERCK & CO INC	$2,810,000	–	36,129	–	0.92%	–
KYN	New	KAYNE ANDERSON ENERGY INFRST	$2,598,000	–	292,254	–	0.85%	–
AGFS	New	AGROFRESH SOLUTIONS INC	$2,540,000	–	1,221,300	–	0.84%	–
DUK	New	DUKE ENERGY CORP NEW	$2,180,000	–	22,086	–	0.72%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,121,000	–	31,743	–	0.70%	–
GLW	New	CORNING INC	$2,045,000	–	50,000	–	0.67%	–
PFE	New	PFIZER INC	$2,000,000	–	51,080	–	0.66%	–
ENB	New	ENBRIDGE INC	$1,836,000	–	45,848	–	0.60%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,796,000	–	83,145	–	0.59%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,703,000	–	11,050	–	0.56%	–
DISCK	New	DISCOVERY INC	$1,554,000	–	53,633	–	0.51%	–
MDT	New	MEDTRONIC PLC	$1,396,000	–	11,250	–	0.46%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$1,355,000	–	105,416	–	0.45%	–
MCI	New	BARINGS CORPORATE INVS	$1,338,000	–	88,043	–	0.44%	–
DISCA	New	DISCOVERY INC	$1,015,000	–	33,077	–	0.33%	–
CALA	New	CALITHERA BIOSCIENCES INC	$969,000	–	463,500	–	0.32%	–
CSCO	New	CISCO SYS INC	$819,000	–	15,450	–	0.27%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$706,000	–	11,647	–	0.23%	–
CMCSA	New	COMCAST CORP NEWcl a	$698,000	–	12,250	–	0.23%	–
XOM	New	EXXON MOBIL CORP	$681,000	–	10,788	–	0.22%	–
CAG	New	CONAGRA BRANDS INC	$673,000	–	18,500	–	0.22%	–
CDE	New	COEUR MNG INC	$666,000	–	75,000	–	0.22%	–
VZ	New	VERIZON COMMUNICATIONS INC	$600,000	–	10,708	–	0.20%	–
HRB	New	BLOCK H & R INC	$587,000	–	25,000	–	0.19%	–
PBI	New	PITNEY BOWES INC	$504,000	–	57,450	–	0.17%	–
VLY	New	VALLEY NATL BANCORP	$488,000	–	36,300	–	0.16%	–
WY	New	WEYERHAEUSER CO MTN BE	$471,000	–	13,690	–	0.16%	–
ASRT	New	ASSERTIO HOLDINGS INC	$204,000	–	130,749	–	0.07%	–

Q4 2020

			Value		Shares		↓ Weighting
VLY	Exit	VALLEY NATL BANCORP	$0	–	-38,200	–	-0.11%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-59,100	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-11,657	–	-0.14%	–
TMQ	Exit	TRILOGY METALS INC NEW	$0	–	-195,000	–	-0.14%	–
WY	Exit	WEYERHAEUSER CO MTN BE	$0	–	-13,790	–	-0.16%	–
HRB	Exit	BLOCK H & R INC	$0	–	-28,000	–	-0.19%	–
ASRT	Exit	ASSERTIO HOLDINGS INC	$0	–	-701,900	–	-0.19%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-13,710	–	-0.19%	–
CDE	Exit	COEUR MNG INC	$0	–	-75,000	–	-0.23%	–
ADM	Exit	ARCHER DANIELS MIDLAND CO	$0	–	-12,057	–	-0.23%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,278	–	-0.27%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-19,050	–	-0.28%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-9,745	–	-0.29%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-15,350	–	-0.29%	–
CSCO	Exit	CISCO SYS INC	$0	–	-22,050	–	-0.36%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-79,848	–	-0.41%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,448	–	-0.48%	–
DISCK	Exit	DISCOVERY INC	$0	–	-60,049	–	-0.48%	–
DISCA	Exit	DISCOVERY INC	$0	–	-54,193	–	-0.48%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-195,366	–	-0.49%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-11,950	–	-0.51%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-72,375	–	-0.56%	–
ENB	Exit	ENBRIDGE INC	$0	–	-47,660	–	-0.57%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRST	$0	–	-367,652	–	-0.60%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,050	–	-0.66%	–
GLW	Exit	CORNING INC	$0	–	-50,000	–	-0.66%	–
PFE	Exit	PFIZER INC	$0	–	-52,940	–	-0.80%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-23,052	–	-0.84%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-34,443	–	-0.85%	–
MRK	Exit	MERCK & CO. INC	$0	–	-36,129	–	-1.23%	–
PVG	Exit	PRETIUM RES INC	$0	–	-261,280	–	-1.37%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-367,442	–	-1.63%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-371,446	–	-2.02%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-53,096	–	-2.46%	–
NVAX	Exit	NOVAVAX INC	$0	–	-60,075	–	-2.66%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-441,729	–	-2.68%	–
NEM	Exit	NEWMONT CORP	$0	–	-108,109	–	-2.81%	–
LLY	Exit	LILLY ELI & CO	$0	–	-48,134	–	-2.92%	–
CIG	Exit	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$0	–	-4,108,725	–	-3.11%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-1,984,127	–	-3.17%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-17,079	–	-3.36%	–
CTVA	Exit	CORTEVA INC	$0	–	-294,386	–	-3.47%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-687,617	–	-3.51%	–
MSEX	Exit	MIDDLESEX WTR CO	$0	–	-138,997	–	-3.53%	–
XPER	Exit	XPERI HOLDING CORP	$0	–	-770,042	–	-3.62%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-613,250	–	-3.92%	–
GLD	Exit	SPDR GOLD TR	$0	–	-55,720	–	-4.04%	–
WU	Exit	WESTERN UN CO	$0	–	-499,082	–	-4.38%	–
SBSW	Exit	SIBANYE STILLWATER LTDsponsored adr	$0	–	-1,040,500	–	-4.74%	–
SLV	Exit	ISHARES SILVER TRishares	$0	–	-536,670	–	-4.75%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,101,229	–	-4.87%	–
XYL	Exit	XYLEM INC	$0	–	-151,364	–	-5.21%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,070,100	–	-5.35%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-10,971,000	–	-7.63%	–

Q3 2020

			Value		Shares		↓ Weighting
NGD	Sell	NEW GOLD INC CDA	$18,651,000	+25.2%	10,971,000	-0.6%	7.63%	+19.9%
BVN	Sell	COMPANIA DE MINAS BUENAVENTUsponsored adr	$13,077,000	+30.1%	1,070,100	-2.7%	5.35%	+24.6%
XYL	Sell	XYLEM INC	$12,733,000	+29.0%	151,364	-0.4%	5.21%	+23.6%
MLP	Sell	MAUI LD & PINEAPPLE INC	$11,915,000	-3.8%	1,101,229	-1.3%	4.87%	-7.9%
SLV	Sell	ISHARES SILVER TRishares	$11,614,000	+25.3%	536,670	-1.5%	4.75%	+20.0%
SBSW	Sell	SIBANYE STILLWATER LTDsponsored adr	$11,591,000	-1.1%	1,040,500	-23.2%	4.74%	-5.3%
WU	Buy	WESTERN UN CO	$10,695,000	+0.1%	499,082	+1.0%	4.38%	-4.1%
GLD	Sell	SPDR GOLD TR	$9,869,000	+5.6%	55,720	-0.3%	4.04%	+1.1%
XPER	Buy	XPERI HOLDING CORP	$8,848,000	-14.4%	770,042	+9.9%	3.62%	-18.1%
MSEX	Sell	MIDDLESEX WTR CO	$8,639,000	-7.9%	138,997	-0.5%	3.53%	-11.8%
AMX	Buy	AMERICA MOVIL SAB DE CV	$8,588,000	+21.2%	687,617	+23.1%	3.51%	+16.1%
CTVA	Buy	CORTEVA INC	$8,481,000	+11.1%	294,386	+3.3%	3.47%	+6.3%
CHE	Sell	CHEMED CORP NEW	$8,204,000	+5.6%	17,079	-0.8%	3.36%	+1.1%
NOK	Buy	NOKIA CORPsponsored adr	$7,758,000	-7.4%	1,984,127	+4.2%	3.17%	-11.3%
CIG	Buy	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$7,601,000	-5.9%	4,108,725	+4.3%	3.11%	-9.9%
LLY	Sell	LILLY ELI & CO	$7,125,000	-10.0%	48,134	-0.1%	2.92%	-13.8%
NEM	Sell	NEWMONT CORP	$6,860,000	-2.2%	108,109	-4.8%	2.81%	-6.3%
CLDX	Buy	CELLDEX THERAPEUTICS INC NEW	$6,551,000	+37.0%	441,729	+20.0%	2.68%	+31.2%
NVAX	Sell	NOVAVAX INC	$6,509,000	+7.6%	60,075	-17.2%	2.66%	+3.1%
WM	Sell	WASTE MGMT INC DEL	$6,009,000	+6.2%	53,096	-0.6%	2.46%	+1.7%
BGH	Buy	BARINGS GLOBAL SHORT DURATIO	$4,948,000	+7.8%	371,446	+1.7%	2.02%	+3.2%
MPV	Sell	BARINGS PARTN INVSsh ben int	$3,990,000	-16.1%	367,442	-1.5%	1.63%	-19.7%
PVG	New	PRETIUM RES INC	$3,355,000	–	261,280	–	1.37%	–
MRK	Sell	MERCK & CO. INC	$2,997,000	+6.5%	36,129	-0.7%	1.23%	+2.0%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$2,077,000	+0.8%	34,443	-1.7%	0.85%	-3.4%
DUK	Sell	DUKE ENERGY CORP NEW	$2,041,000	+0.5%	23,052	-9.3%	0.84%	-3.8%
PFE	Sell	PFIZER INC	$1,943,000	+11.3%	52,940	-0.8%	0.80%	+6.7%
GLW	Sell	CORNING INC	$1,621,000	-10.6%	50,000	-28.6%	0.66%	-14.3%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,601,000	+11.6%	11,050	-0.9%	0.66%	+6.9%
KYN	Buy	KAYNE ANDERSON ENERGY INFRST	$1,467,000	+4.5%	367,652	+38.2%	0.60%	0.0%
ENB	Sell	ENBRIDGE INC	$1,392,000	-62.3%	47,660	-60.8%	0.57%	-63.9%
HPI	Buy	HANCOCK JOHN PFD INCOME FDsh ben int	$1,362,000	-1.9%	72,375	+2.0%	0.56%	-6.1%
MDT	Sell	MEDTRONIC PLC	$1,242,000	+12.9%	11,950	-0.4%	0.51%	+8.1%
KRP	Sell	KIMBELL RTY PARTNERS LPunit	$1,194,000	-52.7%	195,366	-33.4%	0.49%	-54.7%
DISCA	Buy	DISCOVERY INC	$1,180,000	+5.5%	54,193	+2.3%	0.48%	+1.0%
DISCK	Sell	DISCOVERY INC	$1,177,000	+1.3%	60,049	-0.5%	0.48%	-3.0%
DIS	Sell	DISNEY WALT CO	$1,172,000	+2.5%	9,448	-7.8%	0.48%	-1.8%
MCI	Sell	BARINGS CORPORATE INVS	$998,000	-8.5%	79,848	-1.6%	0.41%	-12.4%
CMCSA	Sell	COMCAST CORP NEWcl a	$710,000	-32.5%	15,350	-43.1%	0.29%	-35.4%
CAG	Sell	CONAGRA BRANDS INC	$680,000	-10.3%	19,050	-11.6%	0.28%	-14.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$671,000	+4.0%	11,278	-3.6%	0.27%	-0.7%
XOM	Sell	EXXON MOBIL CORP	$471,000	-30.1%	13,710	-9.1%	0.19%	-33.0%
ASRT	Buy	ASSERTIO HOLDINGS INC	$470,000	+8.8%	701,900	+39.2%	0.19%	+3.8%
HRB	Sell	BLOCK H & R INC	$456,000	-1.7%	28,000	-13.8%	0.19%	-5.6%
TMQ	Buy	TRILOGY METALS INC NEW	$349,000	+16.3%	195,000	+30.0%	0.14%	+11.7%
T	Sell	AT&T INC	$332,000	-47.0%	11,657	-43.8%	0.14%	-49.3%
VLY	Sell	VALLEY NATL BANCORP	$262,000	-28.8%	38,200	-18.9%	0.11%	-31.8%
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,300	–	-0.09%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-13,249	–	-0.10%	–
ARNC	Exit	ARCONIC CORPORATION	$0	–	-49,847	–	-0.30%	–
HWM	Exit	HOWMET AEROSPACE INC	$0	–	-198,698	–	-1.34%	–

Q2 2020

			Value		Shares		↓ Weighting
NGD	New	NEW GOLD INC CDA	$14,901,000	–	11,038,000	–	6.36%	–
MLP	New	MAUI LD & PINEAPPLE INC	$12,385,000	–	1,115,729	–	5.29%	–
SBSW	New	SIBANYE STILLWATER LTDsponsored adr	$11,716,000	–	1,354,500	–	5.00%	–
WU	New	WESTERN UN CO	$10,680,000	–	493,982	–	4.56%	–
XPER	New	XPERI HOLDING CORP	$10,342,000	–	700,680	–	4.42%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$10,050,000	–	1,099,600	–	4.29%	–
XYL	New	XYLEM INC	$9,868,000	–	151,914	–	4.22%	–
MSEX	New	MIDDLESEX WATER CO	$9,385,000	–	139,697	–	4.01%	–
GLD	New	SPDR GOLD TR	$9,349,000	–	55,860	–	3.99%	–
SLV	New	ISHARES SILVER TRishares	$9,266,000	–	544,720	–	3.96%	–
NOK	New	NOKIA CORPsponsored adr	$8,378,000	–	1,904,127	–	3.58%	–
CIG	New	CIA ENERGETICA DE MINAS GERAsp adr n-v pfd	$8,074,000	–	3,938,540	–	3.45%	–
LLY	New	LILLY ELI & CO	$7,913,000	–	48,196	–	3.38%	–
CHE	New	CHEMED CORP NEW	$7,769,000	–	17,224	–	3.32%	–
CTVA	New	CORTEVA INC	$7,636,000	–	285,019	–	3.26%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$7,095,000	–	613,250	–	3.03%	–
AMX	New	AMERICA MOVIL SAB DE CV	$7,086,000	–	558,363	–	3.03%	–
NEM	New	NEWMONT CORP	$7,012,000	–	113,580	–	3.00%	–
NVAX	New	NOVAVAX INC	$6,049,000	–	72,575	–	2.58%	–
WM	New	WASTE MGMT INC DEL	$5,658,000	–	53,421	–	2.42%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$4,783,000	–	367,961	–	2.04%	–
MPV	New	BARINGS PARTN INVSsh ben int	$4,758,000	–	373,175	–	2.03%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$4,590,000	–	365,171	–	1.96%	–
ENB	New	ENBRIDGE INC	$3,695,000	–	121,480	–	1.58%	–
HWM	New	HOWMET AEROSPACE INC	$3,149,000	–	198,698	–	1.34%	–
MRK	New	MERCK & CO. INC	$2,813,000	–	36,379	–	1.20%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$2,523,000	–	293,316	–	1.08%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$2,061,000	–	35,043	–	0.88%	–
DUK	New	DUKE ENERGY CORP NEW	$2,031,000	–	25,427	–	0.87%	–
GLW	New	CORNING INC	$1,813,000	–	70,000	–	0.77%	–
PFE	New	PFIZER INC	$1,745,000	–	53,377	–	0.74%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,435,000	–	11,150	–	0.61%	–
KYN	New	KAYNE ANDERSN MLP MIDS INVT	$1,404,000	–	265,952	–	0.60%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,388,000	–	70,975	–	0.59%	–
DISCK	New	DISCOVERY INC	$1,162,000	–	60,349	–	0.50%	–
DIS	New	DISNEY WALT CO	$1,143,000	–	10,248	–	0.49%	–
DISCA	New	DISCOVERY INC	$1,118,000	–	52,993	–	0.48%	–
MDT	New	MEDTRONIC PLC	$1,100,000	–	12,000	–	0.47%	–
MCI	New	BARINGS CORPORATE INVS	$1,091,000	–	81,148	–	0.47%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,052,000	–	27,000	–	0.45%	–
CSCO	New	CISCO SYS INC	$1,028,000	–	22,050	–	0.44%	–
CVX	New	CHEVRON CORP NEW	$870,000	–	9,745	–	0.37%	–
CAG	New	CONAGRA BRANDS INC	$758,000	–	21,550	–	0.32%	–
ARNC	New	ARCONIC CORPORATION	$694,000	–	49,847	–	0.30%	–
XOM	New	EXXON MOBIL CORP	$674,000	–	15,076	–	0.29%	–
VZ	New	VERIZON COMMUNICATIONS INC	$645,000	–	11,698	–	0.28%	–
T	New	AT&T INC	$627,000	–	20,740	–	0.27%	–
ADM	New	ARCHER DANIELS MIDLAND CO	$481,000	–	12,057	–	0.20%	–
HRB	New	BLOCK H & R INC	$464,000	–	32,500	–	0.20%	–
ASRT	New	ASSERTIO HOLDINGS INC	$432,000	–	504,400	–	0.18%	–
CDE	New	COEUR MNG INC	$381,000	–	75,000	–	0.16%	–
VLY	New	VALLEY NATL BANCORP	$368,000	–	47,100	–	0.16%	–
WY	New	WEYERHAEUSER CO MTN BE	$310,000	–	13,790	–	0.13%	–
TMQ	New	TRILOGY METALS INC NEW	$300,000	–	150,000	–	0.13%	–
OXY	New	OCCIDENTAL PETE CORP	$242,000	–	13,249	–	0.10%	–
HP	New	HELMERICH & PAYNE INC	$220,000	–	11,300	–	0.09%	–
PBI	New	PITNEY BOWES INC	$154,000	–	59,100	–	0.07%	–

Q4 2019

			Value		Shares		↓ Weighting
PBI	Exit	PITNEY BOWES INC	$0	–	-24,770	–	-0.06%	–
ASRT	Exit	ASSERTIO THERAPEUTICS INC	$0	–	-127,850	–	-0.08%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-66,217	–	-0.17%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-164,142	–	-0.18%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-14,340	–	-0.20%	–
AA	Exit	ALCOA CORP	$0	–	-19,875	–	-0.20%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,048	–	-0.23%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,750	–	-0.24%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-23,000	–	-0.24%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-52,481	–	-0.28%	–
OXY	Exit	OCCIDENTAL PETE CORP	$0	–	-13,249	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,255	–	-0.34%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-22,450	–	-0.34%	–
T	Exit	AT&T INC	$0	–	-21,477	–	-0.41%	–
HRB	Exit	BLOCK H & R INC	$0	–	-35,400	–	-0.42%	–
CSCO	Exit	CISCO SYS INC	$0	–	-22,400	–	-0.55%	–
DISCA	Exit	DISCOVERY INC	$0	–	-46,243	–	-0.61%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,580	–	-0.62%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-12,350	–	-0.67%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-82,698	–	-0.70%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,300	–	-0.70%	–
KYN	Exit	KAYNE ANDERSN MLP MIDS INVT	$0	–	-98,819	–	-0.71%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-12,255	–	-0.72%	–
DISCK	Exit	DISCOVERY INC	$0	–	-61,799	–	-0.76%	–
KRP	Exit	KIMBELL RTY PARTNERS LPunit	$0	–	-104,666	–	-0.77%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-38,800	–	-0.87%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-73,275	–	-0.88%	–
PFE	Exit	PFIZER INC	$0	–	-53,677	–	-0.96%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-46,832	–	-1.18%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-25,926	–	-1.24%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-291,050	–	-1.39%	–
MRK	Exit	MERCK & CO INC	$0	–	-35,678	–	-1.50%	–
TIVO	Exit	TIVO CORP	$0	–	-407,050	–	-1.55%	–
ENB	Exit	ENBRIDGE INC	$0	–	-122,522	–	-2.14%	–
CTVA	Exit	CORTEVA INC	$0	–	-161,315	–	-2.25%	–
NEM	Exit	NEWMONT GOLDCORP CORPORATION	$0	–	-134,306	–	-2.54%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,526,017	–	-2.58%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-387,383	–	-2.87%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-338,441	–	-2.94%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-54,496	–	-3.13%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-373,401	–	-3.25%	–
L100PS	Exit	ARCONIC INC	$0	–	-253,661	–	-3.29%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-451,070	–	-3.58%	–
LLY	Exit	LILLY ELI & CO	$0	–	-66,252	–	-3.70%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-56,159	–	-3.89%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-8,108,200	–	-4.09%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-20,250	–	-4.22%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-141,665	–	-4.59%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,006,199	–	-5.46%	–
WU	Exit	WESTERN UN CO	$0	–	-474,332	–	-5.48%	–
SBGL	Exit	SIBANYE STILLWATERsponsored adr	$0	–	-2,054,124	–	-5.54%	–
XYL	Exit	XYLEM INC	$0	–	-153,089	–	-6.08%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,096,898	–	-8.31%	–

Q3 2019

			Value		Shares		↓ Weighting
BVN	Sell	COMPANIA DE MINAS BUENAVENTUsponsored adr	$16,651,000	-8.9%	1,096,898	-0.0%	8.31%	-2.3%
XYL	Sell	XYLEM INC	$12,189,000	-5.9%	153,089	-1.2%	6.08%	+1.0%
WU	Buy	WESTERN UN CO	$10,990,000	+21.4%	474,332	+4.2%	5.48%	+30.3%
MLP	Buy	MAUI LD & PINEAPPLE INC	$10,947,000	+6.3%	1,006,199	+0.5%	5.46%	+14.1%
MSEX	Sell	MIDDLESEX WATER CO	$9,203,000	+7.5%	141,665	-1.9%	4.59%	+15.4%
CHE	Sell	CHEMED CORP NEW	$8,456,000	+14.9%	20,250	-0.7%	4.22%	+23.3%
NGD	Buy	NEW GOLD INC CDA	$8,189,000	+15.7%	8,108,200	+10.1%	4.09%	+24.2%
GLD	Sell	SPDR GOLD TRUST	$7,799,000	+4.3%	56,159	-0.0%	3.89%	+11.9%
SLV	Buy	ISHARES SILVER TRUSTishares	$7,181,000	+55.8%	451,070	+40.2%	3.58%	+67.2%
MPV	Sell	BARINGS PARTN INVSsh ben int	$6,505,000	+6.4%	373,401	-0.4%	3.25%	+14.2%
WM	Sell	WASTE MGMT INC DEL	$6,267,000	+0.6%	54,496	-0.5%	3.13%	+7.9%
BGH	Buy	BARINGS GLOBAL SHORT DURATIO	$5,889,000	-0.6%	338,441	+1.0%	2.94%	+6.8%
AMX	Buy	AMERICA MOVIL SAB DE CV	$5,757,000	+4.3%	387,383	+2.2%	2.87%	+12.0%
CIG	Sell	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,173,000	-11.7%	1,526,017	-0.7%	2.58%	-5.2%
NEM	Sell	NEWMONT GOLDCORP CORPORATION	$5,093,000	-1.5%	134,306	-0.1%	2.54%	+5.7%
CTVA	Buy	CORTEVA INC	$4,517,000	+6.8%	161,315	+12.8%	2.25%	+14.6%
ENB	Buy	ENBRIDGE INC	$4,298,000	-2.8%	122,522	+0.0%	2.14%	+4.4%
TIVO	Sell	TIVO CORP	$3,100,000	+3.3%	407,050	-0.1%	1.55%	+10.8%
MRK	Sell	MERCK & CO INC	$3,003,000	-0.3%	35,678	-0.7%	1.50%	+7.0%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$2,785,000	-15.7%	291,050	+2.2%	1.39%	-9.5%
CMCSA	Sell	COMCAST CORP NEWcl a	$1,749,000	+5.6%	38,800	-1.0%	0.87%	+13.4%
KRP	Buy	KIMBELL RTY PARTNERS LPunit	$1,540,000	+128.8%	104,666	+151.3%	0.77%	+145.4%
DISCK	Sell	DISCOVERY INC	$1,521,000	-14.6%	61,799	-1.2%	0.76%	-8.3%
KYN	Buy	KAYNE ANDERSN MLP MIDS INVT	$1,429,000	-1.1%	98,819	+4.7%	0.71%	+6.1%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,404,000	+6.2%	11,300	-0.9%	0.70%	+14.0%
CSCO	Sell	CISCO SYS INC	$1,107,000	-39.0%	22,400	-51.1%	0.55%	-34.5%
T	Sell	AT&T INC	$813,000	+4.4%	21,477	-7.7%	0.41%	+12.2%
VLY	Sell	VALLEY NATL BANCORP	$570,000	-2.9%	52,481	-3.7%	0.28%	+4.0%
AA	Sell	ALCOA CORP	$399,000	-59.7%	19,875	-53.1%	0.20%	-56.8%
CLDX	Buy	CELLDEX THERAPEUTICS INC NEW	$350,000	-15.9%	164,142	+5.8%	0.18%	-9.3%
NOK	Buy	NOKIA CORPsponsored adr	$335,000	+22.3%	66,217	+21.1%	0.17%	+31.5%
ASRT	Buy	ASSERTIO THERAPEUTICS INC	$164,000	-46.4%	127,850	+44.1%	0.08%	-42.3%
PBI	Buy	PITNEY BOWES INC	$113,000	+63.8%	24,770	+52.7%	0.06%	+75.0%
DOW	Exit	DOW INC	$0	–	-12,932	–	-0.30%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-12,957	–	-0.45%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-1,279,653	–	-8.83%	–

Q2 2019

			Value		Shares		↓ Weighting
HYGS	New	HYDROGENICS CORP NEW	$19,003,000	–	1,279,653	–	8.83%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$18,287,000	–	1,096,998	–	8.50%	–
XYL	New	XYLEM INC	$12,955,000	–	154,889	–	6.02%	–
MLP	New	MAUI LD & PINEAPPLE INC	$10,299,000	–	1,000,899	–	4.79%	–
SBGL	New	SIBANYE STILLWATERsponsored adr	$9,757,000	–	2,054,124	–	4.54%	–
WU	New	WESTERN UN CO	$9,052,000	–	455,078	–	4.21%	–
MSEX	New	MIDDLESEX WATER CO	$8,558,000	–	144,445	–	3.98%	–
GLD	New	SPDR GOLD TRUST	$7,481,000	–	56,162	–	3.48%	–
CHE	New	CHEMED CORP NEW	$7,361,000	–	20,400	–	3.42%	–
LLY	New	LILLY ELI & CO	$7,340,000	–	66,252	–	3.41%	–
NGD	New	NEW GOLD INC CDA	$7,079,000	–	7,363,600	–	3.29%	–
L100PS	New	ARCONIC INC	$6,550,000	–	253,661	–	3.04%	–
WM	New	WASTE MGMT INC DEL	$6,232,000	–	54,796	–	2.90%	–
MPV	New	BARINGS PARTN INVSsh ben int	$6,115,000	–	374,901	–	2.84%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$5,922,000	–	334,966	–	2.75%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,857,000	–	1,537,155	–	2.72%	–
AMX	New	AMERICA MOVIL SAB DE CV	$5,518,000	–	378,975	–	2.56%	–
NEM	New	NEWMONT GOLDCORP CORPORATION	$5,170,000	–	134,381	–	2.40%	–
SLV	New	ISHARES SILVER TRUSTishares	$4,610,000	–	321,720	–	2.14%	–
ENB	New	ENBRIDGE INC	$4,420,000	–	122,507	–	2.06%	–
CTVA	New	CORTEVA INC	$4,228,000	–	142,999	–	1.97%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,305,000	–	284,700	–	1.54%	–
MRK	New	MERCK & CO INC	$3,013,000	–	35,936	–	1.40%	–
TIVO	New	TIVO CORP	$3,002,000	–	407,370	–	1.40%	–
PFE	New	PFIZER INC	$2,325,000	–	53,677	–	1.08%	–
DUK	New	DUKE ENERGY CORP NEW	$2,288,000	–	25,926	–	1.06%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$2,124,000	–	46,832	–	0.99%	–
CSCO	New	CISCO SYS INC	$1,814,000	–	45,800	–	0.84%	–
DISCK	New	DISCOVERY INC	$1,780,000	–	62,549	–	0.83%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,698,000	–	73,275	–	0.79%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,657,000	–	39,200	–	0.77%	–
CVX	New	CHEVRON CORP NEW	$1,525,000	–	12,255	–	0.71%	–
KYN	New	KAYNE ANDERSN MLP MIDS INVT	$1,445,000	–	94,405	–	0.67%	–
DISCA	New	DISCOVERY INC	$1,420,000	–	46,243	–	0.66%	–
XOM	New	EXXON MOBIL CORP	$1,347,000	–	17,580	–	0.63%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,322,000	–	11,400	–	0.62%	–
MCI	New	BARINGS CORPORATE INVS	$1,294,000	–	82,698	–	0.60%	–
MDT	New	MEDTRONIC PLC	$1,203,000	–	12,350	–	0.56%	–
HRB	New	BLOCK H & R INC	$1,037,000	–	35,400	–	0.48%	–
AA	New	ALCOA CORP	$991,000	–	42,350	–	0.46%	–
DD	New	DUPONT DE NEMOURS INC	$973,000	–	12,957	–	0.45%	–
T	New	AT&T INC	$779,000	–	23,257	–	0.36%	–
WMGI	New	WRIGHT MED GROUP N V	$686,000	–	23,000	–	0.32%	–
KRP	New	KIMBELL RTY PARTNERS LPunit	$673,000	–	41,650	–	0.31%	–
OXY	New	OCCIDENTAL PETE CORP	$666,000	–	13,249	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS INC	$643,000	–	11,255	–	0.30%	–
DOW	New	DOW INC	$638,000	–	12,932	–	0.30%	–
HP	New	HELMERICH & PAYNE INC	$595,000	–	11,750	–	0.28%	–
CAG	New	CONAGRA BRANDS INC	$595,000	–	22,450	–	0.28%	–
VLY	New	VALLEY NATL BANCORP	$587,000	–	54,481	–	0.27%	–
ABBV	New	ABBVIE INC	$440,000	–	6,048	–	0.20%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$416,000	–	155,081	–	0.19%	–
WY	New	WEYERHAEUSER CO	$378,000	–	14,340	–	0.18%	–
ASRT	New	ASSERTIO THERAPEUTICS INC	$306,000	–	88,750	–	0.14%	–
NOK	New	NOKIA CORPsponsored adr	$274,000	–	54,700	–	0.13%	–
PBI	New	PITNEY BOWES INC	$69,000	–	16,220	–	0.03%	–

Q4 2018

			Value		Shares		↓ Weighting
PBI	Exit	PITNEY BOWES INC	$0	–	-14,225	–	-0.05%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-5,708	–	-0.13%	–
ASRT	Exit	ASSERTIO THERAPEUTICS INC	$0	–	-53,575	–	-0.16%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-11,665	–	-0.19%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-14,100	–	-0.20%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-20,171	–	-0.29%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,048	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-11,655	–	-0.32%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-23,500	–	-0.35%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-60,788	–	-0.35%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-22,450	–	-0.39%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,750	–	-0.41%	–
T	Exit	AT&T INC	$0	–	-24,919	–	-0.43%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,600	–	-0.52%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-12,550	–	-0.63%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-16,149	–	-0.68%	–
HRB	Exit	BLOCK H & R INC	$0	–	-51,550	–	-0.68%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-89,798	–	-0.70%	–
DISCA	Exit	DISCOVERY INC	$0	–	-44,718	–	-0.73%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,580	–	-0.76%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-698,674	–	-0.79%	–
KYN	Exit	KAYNE ANDERSN MLP MIDS INVT	$0	–	-91,069	–	-0.83%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-74,175	–	-0.83%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,569	–	-0.91%	–
CSCO	Exit	CISCO SYS INC	$0	–	-50,100	–	-0.96%	–
DISCK	Exit	DISCOVERY INC	$0	–	-69,949	–	-1.05%	–
AA	Exit	ALCOA CORP	$0	–	-58,427	–	-1.20%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,059	–	-1.22%	–
PFE	Exit	PFIZER INC	$0	–	-56,777	–	-1.27%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-72,700	–	-1.31%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-3,516,800	–	-1.42%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,744,355	–	-1.52%	–
MRK	Exit	MERCK & CO INC	$0	–	-42,268	–	-1.53%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-53,507	–	-1.69%	–
SBGL	Exit	SIBANYE STILLWATERsponsored adr	$0	–	-1,496,704	–	-1.90%	–
ENB	Exit	ENBRIDGE INC	$0	–	-126,516	–	-2.08%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-297,000	–	-2.10%	–
TIVO	Exit	TIVO CORP	$0	–	-371,270	–	-2.35%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-470,266	–	-2.44%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-57,946	–	-2.67%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-82,747	–	-2.71%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-388,271	–	-2.95%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-434,920	–	-3.04%	–
L100PS	Exit	ARCONIC INC	$0	–	-277,703	–	-3.11%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-400,811	–	-3.28%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-333,756	–	-3.29%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-57,378	–	-3.30%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-21,600	–	-3.52%	–
WU	Exit	WESTERN UN CO	$0	–	-376,278	–	-3.65%	–
LLY	Exit	LILLY ELI & CO	$0	–	-69,602	–	-3.80%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-1,095,368	–	-4.04%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-179,950	–	-4.44%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-984,349	–	-6.42%	–
XYL	Exit	XYLEM INC	$0	–	-158,239	–	-6.44%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,125,098	–	-7.68%	–

Q3 2018

			Value		Shares		↓ Weighting
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$15,088,000	–	1,125,098	–	7.68%	–
XYL	New	XYLEM INC	$12,639,000	–	158,239	–	6.44%	–
MLP	New	MAUI LD & PINEAPPLE INC	$12,600,000	–	984,349	–	6.42%	–
MSEX	New	MIDDLESEX WATER CO	$8,713,000	–	179,950	–	4.44%	–
HYGS	New	HYDROGENICS CORP NEW	$7,941,000	–	1,095,368	–	4.04%	–
LLY	New	LILLY ELI & CO	$7,469,000	–	69,602	–	3.80%	–
WU	New	WESTERN UN CO	$7,172,000	–	376,278	–	3.65%	–
CHE	New	CHEMED CORP NEW	$6,903,000	–	21,600	–	3.52%	–
GLD	New	SPDR GOLD TRUST	$6,470,000	–	57,378	–	3.30%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$6,468,000	–	333,756	–	3.29%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,437,000	–	400,811	–	3.28%	–
L100PS	New	ARCONIC INC	$6,112,000	–	277,703	–	3.11%	–
SLV	New	ISHARES SILVER TRUSTishares	$5,971,000	–	434,920	–	3.04%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,785,000	–	388,271	–	2.95%	–
DWDP	New	DOWDUPONT INC	$5,321,000	–	82,747	–	2.71%	–
WM	New	WASTE MGMT INC DEL	$5,236,000	–	57,946	–	2.67%	–
GG	New	GOLDCORP INC NEW	$4,797,000	–	470,266	–	2.44%	–
TIVO	New	TIVO CORP	$4,622,000	–	371,270	–	2.35%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,134,000	–	297,000	–	2.10%	–
ENB	New	ENBRIDGE INC	$4,085,000	–	126,516	–	2.08%	–
SBGL	New	SIBANYE STILLWATERsponsored adr	$3,727,000	–	1,496,704	–	1.90%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,322,000	–	53,507	–	1.69%	–
MRK	New	MERCK & CO INC	$2,998,000	–	42,268	–	1.53%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$2,983,000	–	1,744,355	–	1.52%	–
NGD	New	NEW GOLD INC CDA	$2,790,000	–	3,516,800	–	1.42%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,574,000	–	72,700	–	1.31%	–
PFE	New	PFIZER INC	$2,502,000	–	56,777	–	1.27%	–
DUK	New	DUKE ENERGY CORP NEW	$2,405,000	–	30,059	–	1.22%	–
AA	New	ALCOA CORP	$2,360,000	–	58,427	–	1.20%	–
DISCK	New	DISCOVERY INC	$2,069,000	–	69,949	–	1.05%	–
CSCO	New	CISCO SYS INC	$1,883,000	–	50,100	–	0.96%	–
CVX	New	CHEVRON CORP NEW	$1,781,000	–	14,569	–	0.91%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,630,000	–	74,175	–	0.83%	–
KYN	New	KAYNE ANDERSN MLP MIDS INVT	$1,626,000	–	91,069	–	0.83%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$1,549,000	–	698,674	–	0.79%	–
XOM	New	EXXON MOBIL CORP	$1,495,000	–	17,580	–	0.76%	–
DISCA	New	DISCOVERY INC	$1,431,000	–	44,718	–	0.73%	–
MCI	New	BARINGS CORPORATE INVS	$1,376,000	–	89,798	–	0.70%	–
HRB	New	BLOCK H & R INC	$1,327,000	–	51,550	–	0.68%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,327,000	–	16,149	–	0.68%	–
MDT	New	MEDTRONIC PLC	$1,235,000	–	12,550	–	0.63%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,020,000	–	11,600	–	0.52%	–
T	New	AT&T INC	$837,000	–	24,919	–	0.43%	–
HP	New	HELMERICH & PAYNE INC	$808,000	–	11,750	–	0.41%	–
CAG	New	CONAGRA BRANDS INC	$763,000	–	22,450	–	0.39%	–
VLY	New	VALLEY NATL BANCORP	$684,000	–	60,788	–	0.35%	–
WMGI	New	WRIGHT MED GROUP N V	$682,000	–	23,500	–	0.35%	–
VZ	New	VERIZON COMMUNICATIONS INC	$622,000	–	11,655	–	0.32%	–
ABBV	New	ABBVIE INC	$572,000	–	6,048	–	0.29%	–
LBTYK	New	LIBERTY GLOBAL PLC	$568,000	–	20,171	–	0.29%	–
EQNR	New	EQUINOR ASAsponsored adr	$398,000	–	14,100	–	0.20%	–
WY	New	WEYERHAEUSER CO	$376,000	–	11,665	–	0.19%	–
ASRT	New	ASSERTIO THERAPEUTICS INC	$315,000	–	53,575	–	0.16%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$248,000	–	5,708	–	0.13%	–
PBI	New	PITNEY BOWES INC	$101,000	–	14,225	–	0.05%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-14,225	–	-0.06%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-14,495	–	-0.13%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-5,708	–	-0.13%	–
DEPO	Exit	DEPOMED INC	$0	–	-53,575	–	-0.18%	–
EQNR	Exit	EQUINOR ASAsponsored adr	$0	–	-14,250	–	-0.19%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-11,965	–	-0.22%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-20,171	–	-0.28%	–
ABBV	Exit	ABBVIE INC	$0	–	-6,048	–	-0.29%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-23,500	–	-0.31%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,105	–	-0.31%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-1,328,207	–	-0.34%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-61,388	–	-0.38%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,750	–	-0.38%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-22,550	–	-0.41%	–
T	Exit	AT&T INC	$0	–	-25,637	–	-0.42%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,650	–	-0.51%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-12,550	–	-0.55%	–
HRB	Exit	BLOCK H & R INC	$0	–	-54,550	–	-0.64%	–
DISCA	Exit	DISCOVERY INC	$0	–	-45,193	–	-0.64%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-16,149	–	-0.69%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-90,908	–	-0.70%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-77,300	–	-0.75%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-17,780	–	-0.75%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-72,975	–	-0.81%	–
CSCO	Exit	CISCO SYS INC	$0	–	-50,800	–	-0.90%	–
DISCK	Exit	DISCOVERY INC	$0	–	-70,024	–	-0.92%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,569	–	-0.94%	–
PFE	Exit	PFIZER INC	$0	–	-56,777	–	-1.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,059	–	-1.22%	–
MRK	Exit	MERCK & CO INC	$0	–	-42,522	–	-1.32%	–
AA	Exit	ALCOA CORP	$0	–	-58,504	–	-1.40%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-54,882	–	-1.56%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,720,455	–	-1.62%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-109,200	–	-1.84%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-1,961,300	–	-2.09%	–
SBGL	Exit	SIBANYE STILLWATERsponsored adr	$0	–	-1,769,272	–	-2.19%	–
ENB	Exit	ENBRIDGE INC	$0	–	-127,254	–	-2.33%	–
L100PS	Exit	ARCONIC INC	$0	–	-276,203	–	-2.41%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-58,279	–	-2.43%	–
TIVO	Exit	TIVO CORP	$0	–	-371,770	–	-2.56%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-297,750	–	-2.63%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-83,244	–	-2.81%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-389,398	–	-2.93%	–
LLY	Exit	LILLY ELI & CO	$0	–	-69,727	–	-3.05%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-334,806	–	-3.22%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-438,420	–	-3.40%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-489,266	–	-3.44%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-410,411	–	-3.50%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-57,878	–	-3.52%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-21,275	–	-3.58%	–
WU	Exit	WESTERN UN CO	$0	–	-373,678	–	-3.89%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-180,250	–	-3.89%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-1,071,268	–	-4.12%	–
XYL	Exit	XYLEM INC	$0	–	-160,039	–	-5.52%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-985,249	–	-5.65%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,144,131	–	-7.99%	–

Q2 2018

			Value		Shares		↓ Weighting
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$15,595,000	–	1,144,131	–	7.99%	–
MLP	New	MAUI LD & PINEAPPLE INC	$11,035,000	–	985,249	–	5.65%	–
XYL	New	XYLEM INC	$10,783,000	–	160,039	–	5.52%	–
HYGS	New	HYDROGENICS CORP NEW	$8,035,000	–	1,071,268	–	4.12%	–
MSEX	New	MIDDLESEX WATER CO	$7,601,000	–	180,250	–	3.89%	–
WU	New	WESTERN UN CO	$7,597,000	–	373,678	–	3.89%	–
CHE	New	CHEMED CORP NEW	$6,991,000	–	21,275	–	3.58%	–
GLD	New	SPDR GOLD TRUST	$6,867,000	–	57,878	–	3.52%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,837,000	–	410,411	–	3.50%	–
GG	New	GOLDCORP INC NEW	$6,708,000	–	489,266	–	3.44%	–
SLV	New	ISHARES SILVER TRUSTishares	$6,642,000	–	438,420	–	3.40%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$6,288,000	–	334,806	–	3.22%	–
LLY	New	LILLY ELI & CO	$5,950,000	–	69,727	–	3.05%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,724,000	–	389,398	–	2.93%	–
DWDP	New	DOWDUPONT INC	$5,487,000	–	83,244	–	2.81%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$5,139,000	–	297,750	–	2.63%	–
TIVO	New	TIVO CORP	$5,000,000	–	371,770	–	2.56%	–
WM	New	WASTE MGMT INC DEL	$4,740,000	–	58,279	–	2.43%	–
L100PS	New	ARCONIC INC	$4,698,000	–	276,203	–	2.41%	–
ENB	New	ENBRIDGE INC	$4,542,000	–	127,254	–	2.33%	–
SBGL	New	SIBANYE STILLWATERsponsored adr	$4,282,000	–	1,769,272	–	2.19%	–
NGD	New	NEW GOLD INC CDA	$4,080,000	–	1,961,300	–	2.09%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,583,000	–	109,200	–	1.84%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$3,166,000	–	1,720,455	–	1.62%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,037,000	–	54,882	–	1.56%	–
AA	New	ALCOA CORP	$2,743,000	–	58,504	–	1.40%	–
MRK	New	MERCK & CO INC	$2,581,000	–	42,522	–	1.32%	–
DUK	New	DUKE ENERGY CORP NEW	$2,377,000	–	30,059	–	1.22%	–
PFE	New	PFIZER INC	$2,060,000	–	56,777	–	1.06%	–
CVX	New	CHEVRON CORP NEW	$1,842,000	–	14,569	–	0.94%	–
DISCK	New	DISCOVERY INC	$1,786,000	–	70,024	–	0.92%	–
CSCO	New	CISCO SYS INC	$1,760,000	–	50,800	–	0.90%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,589,000	–	72,975	–	0.81%	–
XOM	New	EXXON MOBIL CORP	$1,471,000	–	17,780	–	0.75%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$1,456,000	–	77,300	–	0.75%	–
MCI	New	BARINGS CORPORATE INVS	$1,374,000	–	90,908	–	0.70%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,351,000	–	16,149	–	0.69%	–
DISCA	New	DISCOVERY INC	$1,243,000	–	45,193	–	0.64%	–
HRB	New	BLOCK H & R INC	$1,243,000	–	54,550	–	0.64%	–
MDT	New	MEDTRONIC PLC	$1,074,000	–	12,550	–	0.55%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$995,000	–	11,650	–	0.51%	–
T	New	AT&T INC	$823,000	–	25,637	–	0.42%	–
CAG	New	CONAGRA BRANDS INC	$806,000	–	22,550	–	0.41%	–
HP	New	HELMERICH & PAYNE INC	$749,000	–	11,750	–	0.38%	–
VLY	New	VALLEY NATL BANCORP	$746,000	–	61,388	–	0.38%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$669,000	–	1,328,207	–	0.34%	–
VZ	New	VERIZON COMMUNICATIONS INC	$609,000	–	12,105	–	0.31%	–
WMGI	New	WRIGHT MED GROUP N V	$610,000	–	23,500	–	0.31%	–
ABBV	New	ABBVIE INC	$560,000	–	6,048	–	0.29%	–
LBTYK	New	LIBERTY GLOBAL PLC	$537,000	–	20,171	–	0.28%	–
WY	New	WEYERHAEUSER CO	$436,000	–	11,965	–	0.22%	–
EQNR	New	EQUINOR ASAsponsored adr	$376,000	–	14,250	–	0.19%	–
DEPO	New	DEPOMED INC	$357,000	–	53,575	–	0.18%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$259,000	–	5,708	–	0.13%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$252,000	–	14,495	–	0.13%	–
PBI	New	PITNEY BOWES INC	$122,000	–	14,225	–	0.06%	–

Q4 2017

			Value		Shares		↓ Weighting
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-10,500	–	-0.02%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-13,750	–	-0.09%	–
DEPO	Exit	DEPOMED INC	$0	–	-41,725	–	-0.12%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-14,025	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,879	–	-0.13%	–
T	Exit	AT&T INC	$0	–	-9,599	–	-0.18%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-12,965	–	-0.21%	–
C	Exit	CITIGROUP INC	$0	–	-7,700	–	-0.27%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-23,100	–	-0.29%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,750	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,455	–	-0.29%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,348	–	-0.31%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-20,171	–	-0.32%	–
SBGL	Exit	SIBANYE STILLWATERsponsored adr	$0	–	-163,200	–	-0.34%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-59,500	–	-0.34%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-20,708	–	-0.41%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-27,350	–	-0.44%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,650	–	-0.45%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-45,875	–	-0.47%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-16,299	–	-0.50%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,000	–	-0.56%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-65,545	–	-0.69%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-73,107	–	-0.71%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-94,241	–	-0.71%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-18,231	–	-0.71%	–
CSCO	Exit	CISCO SYS INC	$0	–	-55,000	–	-0.78%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,996	–	-0.84%	–
TWX	Exit	TIME WARNER INC	$0	–	-17,432	–	-0.85%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-100,750	–	-0.87%	–
HRB	Exit	BLOCK H & R INC	$0	–	-70,236	–	-0.89%	–
PFE	Exit	PFIZER INC	$0	–	-60,227	–	-1.03%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-110,300	–	-1.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,625	–	-1.23%	–
MRK	Exit	MERCK & CO INC	$0	–	-44,327	–	-1.36%	–
TIVO	Exit	TIVO CORP	$0	–	-145,800	–	-1.38%	–
AA	Exit	ALCOA CORP	$0	–	-65,023	–	-1.45%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-1,158,719	–	-1.58%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-57,832	–	-1.76%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,525,381	–	-1.81%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-303,550	–	-2.04%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-63,034	–	-2.36%	–
ENB	Exit	ENBRIDGE INC	$0	–	-122,936	–	-2.46%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-1,515,500	–	-2.68%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-395,648	–	-2.73%	–
L100PS	Exit	ARCONIC INC	$0	–	-234,660	–	-2.79%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-29,882	–	-2.88%	–
LLY	Exit	LILLY ELI & CO	$0	–	-70,827	–	-2.89%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-88,707	–	-2.93%	–
WU	Exit	WESTERN UN CO	$0	–	-327,733	–	-3.00%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-163,516	–	-3.00%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-443,120	–	-3.33%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-57,454	–	-3.34%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-343,836	–	-3.38%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-871,858	–	-3.39%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-185,650	–	-3.48%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-422,549	–	-3.58%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-595,866	–	-3.69%	–
XYL	Exit	XYLEM INC	$0	–	-200,989	–	-6.01%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-999,599	–	-6.66%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,230,866	–	-7.52%	–

Q3 2017

			Value		Shares		↓ Weighting
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$15,743,000	–	1,230,866	–	7.52%	–
MLP	New	MAUI LD & PINEAPPLE INC	$13,944,000	–	999,599	–	6.66%	–
XYL	New	XYLEM INC	$12,588,000	–	200,989	–	6.01%	–
GG	New	GOLDCORP INC NEW	$7,722,000	–	595,866	–	3.69%	–
AMX	New	AMERICA MOVIL SAB DE CV	$7,500,000	–	422,549	–	3.58%	–
MSEX	New	MIDDLESEX WATER CO	$7,290,000	–	185,650	–	3.48%	–
HYGS	New	HYDROGENICS CORP NEW	$7,106,000	–	871,858	–	3.39%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$7,083,000	–	343,836	–	3.38%	–
GLD	New	SPDR GOLD TRUST	$6,985,000	–	57,454	–	3.34%	–
SLV	New	ISHARES SILVER TRUSTishares	$6,975,000	–	443,120	–	3.33%	–
WU	New	WESTERN UN CO	$6,292,000	–	327,733	–	3.00%	–
CMCSA	New	COMCAST CORP NEWcl a	$6,292,000	–	163,516	–	3.00%	–
DWDP	New	DOWDUPONT INC	$6,141,000	–	88,707	–	2.93%	–
LLY	New	LILLY ELI & CO	$6,059,000	–	70,827	–	2.89%	–
CHE	New	CHEMED CORP NEW	$6,038,000	–	29,882	–	2.88%	–
L100PS	New	ARCONIC INC	$5,838,000	–	234,660	–	2.79%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,709,000	–	395,648	–	2.73%	–
NGD	New	NEW GOLD INC CDA	$5,623,000	–	1,515,500	–	2.68%	–
ENB	New	ENBRIDGE INC	$5,144,000	–	122,936	–	2.46%	–
WM	New	WASTE MGMT INC DEL	$4,934,000	–	63,034	–	2.36%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,262,000	–	303,550	–	2.04%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$3,783,000	–	1,525,381	–	1.81%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,686,000	–	57,832	–	1.76%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$3,314,000	–	1,158,719	–	1.58%	–
AA	New	ALCOA CORP	$3,031,000	–	65,023	–	1.45%	–
TIVO	New	TIVO CORP	$2,894,000	–	145,800	–	1.38%	–
MRK	New	MERCK & CO INC	$2,838,000	–	44,327	–	1.36%	–
DUK	New	DUKE ENERGY CORP NEW	$2,570,000	–	30,625	–	1.23%	–
STO	New	STATOIL ASAsponsored adr	$2,216,000	–	110,300	–	1.06%	–
PFE	New	PFIZER INC	$2,150,000	–	60,227	–	1.03%	–
HRB	New	BLOCK H & R INC	$1,860,000	–	70,236	–	0.89%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$1,831,000	–	100,750	–	0.87%	–
TWX	New	TIME WARNER INC	$1,786,000	–	17,432	–	0.85%	–
CVX	New	CHEVRON CORP NEW	$1,762,000	–	14,996	–	0.84%	–
CSCO	New	CISCO SYS INC	$1,638,000	–	55,000	–	0.78%	–
XOM	New	EXXON MOBIL CORP	$1,495,000	–	18,231	–	0.71%	–
MCI	New	BARINGS CORPORATE INVS	$1,488,000	–	94,241	–	0.71%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$1,481,000	–	73,107	–	0.71%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,437,000	–	65,545	–	0.69%	–
MDT	New	MEDTRONIC PLC	$1,167,000	–	15,000	–	0.56%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,047,000	–	16,299	–	0.50%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$977,000	–	45,875	–	0.47%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$943,000	–	11,650	–	0.45%	–
CAG	New	CONAGRA BRANDS INC	$923,000	–	27,350	–	0.44%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$867,000	–	20,708	–	0.41%	–
VLY	New	VALLEY NATL BANCORP	$717,000	–	59,500	–	0.34%	–
SBGL	New	SIBANYE STILLWATERsponsored adr	$714,000	–	163,200	–	0.34%	–
LBTYK	New	LIBERTY GLOBAL PLC	$660,000	–	20,171	–	0.32%	–
ABBV	New	ABBVIE INC	$653,000	–	7,348	–	0.31%	–
VZ	New	VERIZON COMMUNICATIONS INC	$616,000	–	12,455	–	0.29%	–
HP	New	HELMERICH & PAYNE INC	$612,000	–	11,750	–	0.29%	–
WMGI	New	WRIGHT MED GROUP N V	$598,000	–	23,100	–	0.29%	–
C	New	CITIGROUP INC	$560,000	–	7,700	–	0.27%	–
WY	New	WEYERHAEUSER CO	$441,000	–	12,965	–	0.21%	–
T	New	AT&T INC	$376,000	–	9,599	–	0.18%	–
GE	New	GENERAL ELECTRIC CO	$263,000	–	10,879	–	0.13%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$243,000	–	14,025	–	0.12%	–
DEPO	New	DEPOMED INC	$242,000	–	41,725	–	0.12%	–
PBI	New	PITNEY BOWES INC	$193,000	–	13,750	–	0.09%	–
CHK	New	CHESAPEAKE ENERGY CORP	$45,000	–	10,500	–	0.02%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-12,550	–	-0.09%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-13,825	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,879	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-6,920	–	-0.14%	–
T	Exit	AT&T INC	$0	–	-9,679	–	-0.17%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-12,965	–	-0.20%	–
DEPO	Exit	DEPOMED INC	$0	–	-42,875	–	-0.21%	–
C	Exit	CITIGROUP INC	$0	–	-7,700	–	-0.24%	–
ABBV	Exit	ABBVIE INC	$0	–	-7,598	–	-0.25%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-12,455	–	-0.26%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-20,171	–	-0.29%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-11,750	–	-0.29%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-23,400	–	-0.30%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-59,500	–	-0.32%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-20,708	–	-0.40%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-11,650	–	-0.42%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-17,299	–	-0.48%	–
CAG	Exit	CONAGRA BRANDS INC	$0	–	-33,350	–	-0.55%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,000	–	-0.61%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-64,545	–	-0.65%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-54,761	–	-0.65%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-97,841	–	-0.68%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-18,631	–	-0.69%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-14,996	–	-0.72%	–
CSCO	Exit	CISCO SYS INC	$0	–	-56,200	–	-0.74%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-109,000	–	-0.83%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-97,200	–	-0.84%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-78,493	–	-0.91%	–
PFE	Exit	PFIZER INC	$0	–	-60,477	–	-0.94%	–
TWX	Exit	TIME WARNER INC	$0	–	-22,415	–	-1.04%	–
AA	Exit	ALCOA CORP	$0	–	-76,611	–	-1.15%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-30,625	–	-1.18%	–
HRB	Exit	BLOCK H & R INC	$0	–	-84,250	–	-1.20%	–
TIVO	Exit	TIVO CORP	$0	–	-145,800	–	-1.25%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-1,135,748	–	-1.29%	–
MRK	Exit	MERCK & CO INC	$0	–	-45,549	–	-1.35%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-57,818	–	-1.48%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-303,550	–	-1.68%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-63,963	–	-2.16%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-1,480,500	–	-2.17%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-2,095,822	–	-2.32%	–
ENB	Exit	ENBRIDGE INC	$0	–	-127,085	–	-2.33%	–
L100PS	Exit	ARCONIC INC	$0	–	-237,528	–	-2.48%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-398,748	–	-2.56%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-70,016	–	-2.60%	–
LLY	Exit	LILLY ELI & CO	$0	–	-71,434	–	-2.71%	–
WU	Exit	WESTERN UN CO	$0	–	-328,933	–	-2.89%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-31,150	–	-2.94%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-57,431	–	-3.12%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-429,376	–	-3.15%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-345,650	–	-3.15%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-436,575	–	-3.16%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-187,464	–	-3.42%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-195,776	–	-3.51%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-608,352	–	-3.62%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-993,958	–	-4.63%	–
XYL	Exit	XYLEM INC	$0	–	-209,275	–	-5.35%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,347,688	–	-7.14%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,048,152	–	-9.81%	–

Q2 2017

			Value		Shares		↓ Weighting
MLP	New	MAUI LD & PINEAPPLE INC	$21,277,000	–	1,048,152	–	9.81%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$15,498,000	–	1,347,688	–	7.14%	–
XYL	New	XYLEM INC	$11,600,000	–	209,275	–	5.35%	–
HYGS	New	HYDROGENICS CORP NEW	$10,039,000	–	993,958	–	4.63%	–
GG	New	GOLDCORP INC NEW	$7,854,000	–	608,352	–	3.62%	–
CMCSA	New	COMCAST CORP NEWcl a	$7,620,000	–	195,776	–	3.51%	–
MSEX	New	MIDDLESEX WATER CO	$7,424,000	–	187,464	–	3.42%	–
SLV	New	ISHARES SILVER TRUSTishares	$6,859,000	–	436,575	–	3.16%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$6,837,000	–	345,650	–	3.15%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,836,000	–	429,376	–	3.15%	–
GLD	New	SPDR GOLD TRUST	$6,778,000	–	57,431	–	3.12%	–
CHE	New	CHEMED CORP NEW	$6,371,000	–	31,150	–	2.94%	–
WU	New	WESTERN UN CO	$6,266,000	–	328,933	–	2.89%	–
LLY	New	LILLY ELI & CO	$5,879,000	–	71,434	–	2.71%	–
DD	New	DU PONT E I DE NEMOURS & CO	$5,651,000	–	70,016	–	2.60%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,563,000	–	398,748	–	2.56%	–
L100PS	New	ARCONIC INC	$5,380,000	–	237,528	–	2.48%	–
ENB	New	ENBRIDGE INC	$5,059,000	–	127,085	–	2.33%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,030,000	–	2,095,822	–	2.32%	–
NGD	New	NEW GOLD INC CDA	$4,708,000	–	1,480,500	–	2.17%	–
WM	New	WASTE MGMT INC DEL	$4,692,000	–	63,963	–	2.16%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,646,000	–	303,550	–	1.68%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,222,000	–	57,818	–	1.48%	–
MRK	New	MERCK & CO INC	$2,919,000	–	45,549	–	1.35%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$2,805,000	–	1,135,748	–	1.29%	–
TIVO	New	TIVO CORP	$2,719,000	–	145,800	–	1.25%	–
HRB	New	BLOCK H & R INC	$2,604,000	–	84,250	–	1.20%	–
DUK	New	DUKE ENERGY CORP NEW	$2,560,000	–	30,625	–	1.18%	–
AA	New	ALCOA CORP	$2,501,000	–	76,611	–	1.15%	–
TWX	New	TIME WARNER INC	$2,251,000	–	22,415	–	1.04%	–
PFE	New	PFIZER INC	$2,031,000	–	60,477	–	0.94%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$1,979,000	–	78,493	–	0.91%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$1,832,000	–	97,200	–	0.84%	–
STO	New	STATOIL ASAsponsored adr	$1,802,000	–	109,000	–	0.83%	–
CSCO	New	CISCO SYS INC	$1,600,000	–	56,200	–	0.74%	–
CVX	New	CHEVRON CORP NEW	$1,565,000	–	14,996	–	0.72%	–
XOM	New	EXXON MOBIL CORP	$1,504,000	–	18,631	–	0.69%	–
MCI	New	BARINGS CORPORATE INVS	$1,476,000	–	97,841	–	0.68%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$1,414,000	–	54,761	–	0.65%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,411,000	–	64,545	–	0.65%	–
MDT	New	MEDTRONIC PLC	$1,331,000	–	15,000	–	0.61%	–
CAG	New	CONAGRA BRANDS INC	$1,193,000	–	33,350	–	0.55%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,036,000	–	17,299	–	0.48%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$908,000	–	11,650	–	0.42%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$864,000	–	20,708	–	0.40%	–
VLY	New	VALLEY NATL BANCORP	$703,000	–	59,500	–	0.32%	–
WMGI	New	WRIGHT MED GROUP N V	$643,000	–	23,400	–	0.30%	–
HP	New	HELMERICH & PAYNE INC	$638,000	–	11,750	–	0.29%	–
LBTYK	New	LIBERTY GLOBAL PLC	$629,000	–	20,171	–	0.29%	–
VZ	New	VERIZON COMMUNICATIONS INC	$556,000	–	12,455	–	0.26%	–
ABBV	New	ABBVIE INC	$551,000	–	7,598	–	0.25%	–
C	New	CITIGROUP INC	$515,000	–	7,700	–	0.24%	–
DEPO	New	DEPOMED INC	$460,000	–	42,875	–	0.21%	–
WY	New	WEYERHAEUSER CO	$434,000	–	12,965	–	0.20%	–
T	New	AT&T INC	$365,000	–	9,679	–	0.17%	–
KO	New	COCA COLA CO	$310,000	–	6,920	–	0.14%	–
GE	New	GENERAL ELECTRIC CO	$294,000	–	10,879	–	0.14%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$251,000	–	13,825	–	0.12%	–
PBI	New	PITNEY BOWES INC	$190,000	–	12,550	–	0.09%	–

Q4 2016

			Value		Shares		↓ Weighting
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-14,500	–	-0.14%	–
KO	Exit	COCA COLA CO	$0	–	-6,920	–	-0.15%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,954	–	-0.16%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-10,037	–	-0.17%	–
T	Exit	AT&T INC	$0	–	-8,650	–	-0.18%	–
C	Exit	CITIGROUP INC	$0	–	-7,700	–	-0.18%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-9,200	–	-0.20%	–
MMM	Exit	3M CO	$0	–	-2,500	–	-0.22%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-13,865	–	-0.22%	–
ABBV	Exit	ABBVIE INC	$0	–	-8,398	–	-0.27%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-24,300	–	-0.30%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-62,050	–	-0.30%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-13,149	–	-0.34%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-27,171	–	-0.45%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-13,450	–	-0.46%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-27,872	–	-0.47%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-12,600	–	-0.48%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-58,425	–	-0.66%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,530	–	-0.68%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-20,299	–	-0.75%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-82,900	–	-0.76%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-15,490	–	-0.81%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-33,875	–	-0.81%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-60,911	–	-0.83%	–
CSCO	Exit	CISCO SYS INC	$0	–	-58,200	–	-0.85%	–
MCI	Exit	BARINGS CORPORATE INVS	$0	–	-100,308	–	-0.87%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-108,725	–	-0.92%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,081	–	-0.93%	–
TWX	Exit	TIME WARNER INC	$0	–	-23,248	–	-0.94%	–
DEPO	Exit	DEPOMED INC	$0	–	-80,300	–	-1.01%	–
PFE	Exit	PFIZER INC	$0	–	-61,177	–	-1.05%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-101,075	–	-1.05%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-85,585	–	-1.14%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-31,960	–	-1.29%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-250,100	–	-1.37%	–
TIVO	Exit	TIVO CORP	$0	–	-141,500	–	-1.39%	–
HRB	Exit	BLOCK H & R INC	$0	–	-122,500	–	-1.43%	–
MRK	Exit	MERCK & CO INC	$0	–	-47,129	–	-1.49%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-813,273	–	-1.66%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-62,835	–	-1.71%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-541,656	–	-1.80%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-384,270	–	-2.22%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-33,400	–	-2.38%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,941,693	–	-2.54%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-82,288	–	-2.65%	–
LLY	Exit	LILLY ELI & CO	$0	–	-72,834	–	-2.96%	–
MPV	Exit	BARINGS PARTN INVSsh ben int	$0	–	-406,015	–	-2.99%	–
XRA	Exit	EXETER RES CORP	$0	–	-4,969,600	–	-3.18%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-348,400	–	-3.28%	–
WU	Exit	WESTERN UN CO	$0	–	-316,840	–	-3.33%	–
AA	Exit	ALCOA INC	$0	–	-666,750	–	-3.42%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-198,214	–	-3.53%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-107,788	–	-3.61%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-112,716	–	-3.82%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,236,622	–	-4.15%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-349,050	–	-4.66%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-234,334	–	-5.06%	–
XYL	Exit	XYLEM INC	$0	–	-216,075	–	-5.73%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,370,550	–	-9.59%	–

Q3 2016

			Value		Shares		↓ Weighting
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$18,968,000	–	1,370,550	–	9.59%	–
XYL	New	XYLEM INC	$11,333,000	–	216,075	–	5.73%	–
SE	New	SPECTRA ENERGY CORP	$10,018,000	–	234,334	–	5.06%	–
MENT	New	MENTOR GRAPHICS CORP	$9,229,000	–	349,050	–	4.66%	–
MLP	New	MAUI LD & PINEAPPLE INC	$8,212,000	–	1,236,622	–	4.15%	–
DD	New	DU PONT E I DE NEMOURS & CO	$7,549,000	–	112,716	–	3.82%	–
CMCSA	New	COMCAST CORP NEWcl a	$7,151,000	–	107,788	–	3.61%	–
MSEX	New	MIDDLESEX WATER CO	$6,985,000	–	198,214	–	3.53%	–
AA	New	ALCOA INC	$6,761,000	–	666,750	–	3.42%	–
WU	New	WESTERN UN CO	$6,597,000	–	316,840	–	3.33%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$6,491,000	–	348,400	–	3.28%	–
XRA	New	EXETER RES CORP	$6,284,000	–	4,969,600	–	3.18%	–
MPV	New	BARINGS PARTN INVSsh ben int	$5,908,000	–	406,015	–	2.99%	–
LLY	New	LILLY ELI & CO	$5,846,000	–	72,834	–	2.96%	–
WM	New	WASTE MGMT INC DEL	$5,247,000	–	82,288	–	2.65%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,029,000	–	1,941,693	–	2.54%	–
CHE	New	CHEMED CORP NEW	$4,712,000	–	33,400	–	2.38%	–
AMX	New	AMERICA MOVIL SAB DE CV	$4,396,000	–	384,270	–	2.22%	–
HYGS	New	HYDROGENICS CORP NEW	$3,553,000	–	541,656	–	1.80%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$3,388,000	–	62,835	–	1.71%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$3,286,000	–	813,273	–	1.66%	–
MRK	New	MERCK & CO INC	$2,941,000	–	47,129	–	1.49%	–
HRB	New	BLOCK H & R INC	$2,836,000	–	122,500	–	1.43%	–
TIVO	New	TIVO CORP	$2,756,000	–	141,500	–	1.39%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,716,000	–	250,100	–	1.37%	–
DUK	New	DUKE ENERGY CORP NEW	$2,558,000	–	31,960	–	1.29%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$2,252,000	–	85,585	–	1.14%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$2,085,000	–	101,075	–	1.05%	–
PFE	New	PFIZER INC	$2,072,000	–	61,177	–	1.05%	–
DEPO	New	DEPOMED INC	$2,005,000	–	80,300	–	1.01%	–
TWX	New	TIME WARNER INC	$1,851,000	–	23,248	–	0.94%	–
XOM	New	EXXON MOBIL CORP	$1,840,000	–	21,081	–	0.93%	–
STO	New	STATOIL ASAsponsored adr	$1,827,000	–	108,725	–	0.92%	–
MCI	New	BARINGS CORPORATE INVS	$1,724,000	–	100,308	–	0.87%	–
CSCO	New	CISCO SYS INC	$1,678,000	–	58,200	–	0.85%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$1,640,000	–	60,911	–	0.83%	–
CAG	New	CONAGRA FOODS INC	$1,596,000	–	33,875	–	0.81%	–
CVX	New	CHEVRON CORP NEW	$1,594,000	–	15,490	–	0.81%	–
SLV	New	ISHARES SILVER TRUSTishares	$1,509,000	–	82,900	–	0.76%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,480,000	–	20,299	–	0.75%	–
MDT	New	MEDTRONIC PLC	$1,342,000	–	15,530	–	0.68%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,312,000	–	58,425	–	0.66%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$943,000	–	12,600	–	0.48%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$931,000	–	27,872	–	0.47%	–
HP	New	HELMERICH & PAYNE INC	$905,000	–	13,450	–	0.46%	–
LBTYK	New	LIBERTY GLOBAL PLC	$898,000	–	27,171	–	0.45%	–
VZ	New	VERIZON COMMUNICATIONS INC	$683,000	–	13,149	–	0.34%	–
VLY	New	VALLEY NATL BANCORP	$604,000	–	62,050	–	0.30%	–
WMGI	New	WRIGHT MED GROUP N V	$596,000	–	24,300	–	0.30%	–
ABBV	New	ABBVIE INC	$530,000	–	8,398	–	0.27%	–
WY	New	WEYERHAEUSER CO	$443,000	–	13,865	–	0.22%	–
MMM	New	3M CO	$441,000	–	2,500	–	0.22%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$385,000	–	9,200	–	0.20%	–
C	New	CITIGROUP INC	$364,000	–	7,700	–	0.18%	–
T	New	AT&T INC	$351,000	–	8,650	–	0.18%	–
LBTYA	New	LIBERTY GLOBAL PLC	$343,000	–	10,037	–	0.17%	–
GE	New	GENERAL ELECTRIC CO	$324,000	–	10,954	–	0.16%	–
KO	New	COCA COLA CO	$293,000	–	6,920	–	0.15%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$275,000	–	14,500	–	0.14%	–
HK	Exit	HALCON RES CORP	$0	–	-59,640	–	-0.02%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-10,100	–	-0.09%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-14,470	–	-0.15%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-10,037	–	-0.15%	–
KO	Exit	COCA COLA CO	$0	–	-6,920	–	-0.16%	–
C	Exit	CITIGROUP INC	$0	–	-7,700	–	-0.17%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,954	–	-0.18%	–
T	Exit	AT&T INC	$0	–	-9,350	–	-0.21%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-13,865	–	-0.21%	–
WMGI	Exit	WRIGHT MED GROUP N V	$0	–	-24,300	–	-0.22%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-9,200	–	-0.22%	–
MMM	Exit	3M CO	$0	–	-2,500	–	-0.23%	–
ABBV	Exit	ABBVIE INC	$0	–	-8,398	–	-0.27%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-63,050	–	-0.30%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-13,449	–	-0.39%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-27,171	–	-0.40%	–
LSXMK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-27,872	–	-0.44%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-13,450	–	-0.47%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-13,200	–	-0.58%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-57,050	–	-0.68%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-15,530	–	-0.70%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-82,900	–	-0.77%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-20,299	–	-0.79%	–
CSCO	Exit	CISCO SYS INC	$0	–	-58,600	–	-0.82%	–
DEPO	Exit	DEPOMED INC	$0	–	-82,300	–	-0.84%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-34,125	–	-0.84%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-15,590	–	-0.85%	–
TWX	Exit	TIME WARNER INC	$0	–	-23,248	–	-0.89%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-70,248	–	-0.92%	–
MCI	Exit	BABSON CAP CORPORATE INVS	$0	–	-102,608	–	-0.96%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-108,725	–	-0.98%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-21,081	–	-1.02%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-101,000	–	-1.06%	–
PFE	Exit	PFIZER INC	$0	–	-61,977	–	-1.13%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-91,738	–	-1.13%	–
ROVI	Exit	ROVI CORP	$0	–	-141,500	–	-1.15%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-356,406	–	-1.27%	–
MRK	Exit	MERCK & CO INC	$0	–	-47,223	–	-1.41%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-32,185	–	-1.43%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-250,100	–	-1.44%	–
HRB	Exit	BLOCK H & R INC	$0	–	-122,850	–	-1.46%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-818,473	–	-1.86%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,975,739	–	-2.26%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-363,520	–	-2.31%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-33,450	–	-2.36%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-64,435	–	-2.45%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-85,988	–	-2.95%	–
LLY	Exit	LILLY ELI & CO	$0	–	-73,134	–	-2.98%	–
WU	Exit	WESTERN UN CO	$0	–	-303,540	–	-3.02%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-406,015	–	-3.10%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-342,350	–	-3.17%	–
AA	Exit	ALCOA INC	$0	–	-666,100	–	-3.20%	–
XRA	Exit	EXETER RES CORP	$0	–	-5,069,600	–	-3.39%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-108,738	–	-3.67%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-349,050	–	-3.84%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-118,466	–	-3.98%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,224,622	–	-4.58%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-251,884	–	-4.78%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-221,464	–	-4.98%	–
XYL	Exit	XYLEM INC	$0	–	-217,075	–	-5.02%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-1,410,150	–	-8.73%	–

Q2 2016

			Value		Shares		↓ Weighting
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$16,851,000	–	1,410,150	–	8.73%	–
XYL	New	XYLEM INC	$9,692,000	–	217,075	–	5.02%	–
MSEX	New	MIDDLESEX WATER CO	$9,607,000	–	221,464	–	4.98%	–
SE	New	SPECTRA ENERGY CORP	$9,227,000	–	251,884	–	4.78%	–
MLP	New	MAUI LD & PINEAPPLE INC	$8,842,000	–	1,224,622	–	4.58%	–
DD	New	DU PONT E I DE NEMOURS & CO	$7,677,000	–	118,466	–	3.98%	–
MENT	New	MENTOR GRAPHICS CORP	$7,421,000	–	349,050	–	3.84%	–
CMCSA	New	COMCAST CORP NEWcl a	$7,089,000	–	108,738	–	3.67%	–
XRA	New	EXETER RES CORP	$6,540,000	–	5,069,600	–	3.39%	–
AA	New	ALCOA INC	$6,175,000	–	666,100	–	3.20%	–
BGH	New	BABSON CAP GLB SHT DURHGH YL	$6,114,000	–	342,350	–	3.17%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$5,981,000	–	406,015	–	3.10%	–
WU	New	WESTERN UN CO	$5,822,000	–	303,540	–	3.02%	–
LLY	New	LILLY ELI & CO	$5,759,000	–	73,134	–	2.98%	–
WM	New	WASTE MGMT INC DEL	$5,698,000	–	85,988	–	2.95%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,739,000	–	64,435	–	2.45%	–
CHE	New	CHEMED CORP NEW	$4,560,000	–	33,450	–	2.36%	–
AMX	New	AMERICA MOVIL SAB DE CV	$4,457,000	–	363,520	–	2.31%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$4,366,000	–	1,975,739	–	2.26%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$3,593,000	–	818,473	–	1.86%	–
HRB	New	BLOCK H & R INC	$2,826,000	–	122,850	–	1.46%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,786,000	–	250,100	–	1.44%	–
DUK	New	DUKE ENERGY CORP NEW	$2,761,000	–	32,185	–	1.43%	–
MRK	New	MERCK & CO INC	$2,721,000	–	47,223	–	1.41%	–
HYGS	New	HYDROGENICS CORP NEW	$2,459,000	–	356,406	–	1.27%	–
ROVI	New	ROVI CORP	$2,213,000	–	141,500	–	1.15%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$2,188,000	–	91,738	–	1.13%	–
PFE	New	PFIZER INC	$2,182,000	–	61,977	–	1.13%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$2,055,000	–	101,000	–	1.06%	–
XOM	New	EXXON MOBIL CORP	$1,976,000	–	21,081	–	1.02%	–
STO	New	STATOIL ASAsponsored adr	$1,882,000	–	108,725	–	0.98%	–
MCI	New	BABSON CAP CORPORATE INVS	$1,844,000	–	102,608	–	0.96%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$1,772,000	–	70,248	–	0.92%	–
TWX	New	TIME WARNER INC	$1,710,000	–	23,248	–	0.89%	–
CVX	New	CHEVRON CORP NEW	$1,634,000	–	15,590	–	0.85%	–
CAG	New	CONAGRA FOODS INC	$1,632,000	–	34,125	–	0.84%	–
DEPO	New	DEPOMED INC	$1,615,000	–	82,300	–	0.84%	–
CSCO	New	CISCO SYS INC	$1,582,000	–	58,600	–	0.82%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,534,000	–	20,299	–	0.79%	–
SLV	New	ISHARES SILVER TRUSTishares	$1,481,000	–	82,900	–	0.77%	–
MDT	New	MEDTRONIC PLC	$1,348,000	–	15,530	–	0.70%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,303,000	–	57,050	–	0.68%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,116,000	–	13,200	–	0.58%	–
HP	New	HELMERICH & PAYNE INC	$903,000	–	13,450	–	0.47%	–
LSXMK	New	LIBERTY MEDIA CORP DELAWARE	$860,000	–	27,872	–	0.44%	–
LBTYK	New	LIBERTY GLOBAL PLC	$778,000	–	27,171	–	0.40%	–
VZ	New	VERIZON COMMUNICATIONS INC	$751,000	–	13,449	–	0.39%	–
VLY	New	VALLEY NATL BANCORP	$575,000	–	63,050	–	0.30%	–
ABBV	New	ABBVIE INC	$520,000	–	8,398	–	0.27%	–
MMM	New	3M CO	$438,000	–	2,500	–	0.23%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$429,000	–	9,200	–	0.22%	–
WMGI	New	WRIGHT MED GROUP N V	$422,000	–	24,300	–	0.22%	–
WY	New	WEYERHAEUSER CO	$413,000	–	13,865	–	0.21%	–
T	New	AT&T INC	$404,000	–	9,350	–	0.21%	–
GE	New	GENERAL ELECTRIC CO	$345,000	–	10,954	–	0.18%	–
C	New	CITIGROUP INC	$326,000	–	7,700	–	0.17%	–
KO	New	COCA COLA CO	$314,000	–	6,920	–	0.16%	–
LBTYA	New	LIBERTY GLOBAL PLC	$292,000	–	10,037	–	0.15%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$281,000	–	14,470	–	0.15%	–
PBI	New	PITNEY BOWES INC	$180,000	–	10,100	–	0.09%	–
HK	New	HALCON RES CORP	$28,000	–	59,640	–	0.02%	–

Q4 2015

			Value		Shares		↓ Weighting
RBYCF	Exit	RUBICON MINERALS CORP	$0	–	-11,000	–	-0.00%	–
CC	Exit	CHEMOURS CO	$0	–	-15,158	–	-0.06%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-12,457	–	-0.07%	–
ISBC	Exit	INVESTORS BANCORP INC NEW	$0	–	-11,188	–	-0.08%	–
AMBC	Exit	AMBAC FINL GROUP INC	$0	–	-10,000	–	-0.08%	–
HK	Exit	HALCON RES CORP	$0	–	-324,100	–	-0.10%	–
RRD	Exit	DONNELLEY R R & SONS CO	$0	–	-12,866	–	-0.10%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-16,979	–	-0.11%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-10,100	–	-0.11%	–
AET	Exit	AETNA INC NEW	$0	–	-1,850	–	-0.11%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-20,006	–	-0.11%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-10,600	–	-0.16%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-11,181	–	-0.16%	–
BID	Exit	SOTHEBYS	$0	–	-9,250	–	-0.17%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-5,449	–	-0.18%	–
T	Exit	AT&T INC	$0	–	-9,650	–	-0.18%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-14,660	–	-0.18%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-7,750	–	-0.18%	–
KO	Exit	COCA COLA CO	$0	–	-8,193	–	-0.18%	–
MMM	Exit	3M CO	$0	–	-2,500	–	-0.20%	–
BA	Exit	BOEING CO	$0	–	-2,934	–	-0.22%	–
C	Exit	CITIGROUP INC	$0	–	-9,400	–	-0.26%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-14,936	–	-0.30%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-14,350	–	-0.34%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-4,275	–	-0.35%	–
ABBV	Exit	ABBVIE INC	$0	–	-11,448	–	-0.35%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-14,537	–	-0.35%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-14,820	–	-0.36%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-18,000	–	-0.37%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-14,325	–	-0.38%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-71,250	–	-0.39%	–
TRNX	Exit	TORNIER N V	$0	–	-34,700	–	-0.40%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-29,047	–	-0.45%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-6,850	–	-0.45%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-14,775	–	-0.45%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-16,800	–	-0.52%	–
CSCO	Exit	CISCO SYS INC	$0	–	-36,600	–	-0.54%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-29,872	–	-0.58%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-55,550	–	-0.60%	–
DEPO	Exit	DEPOMED INC	$0	–	-59,550	–	-0.63%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-30,671	–	-0.71%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-16,310	–	-0.72%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-103,048	–	-0.80%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-21,683	–	-0.82%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-100,540	–	-0.82%	–
TWX	Exit	TIME WARNER INC	$0	–	-23,548	–	-0.91%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-22,571	–	-0.94%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-25,499	–	-0.95%	–
ROVI	Exit	ROVI CORP	$0	–	-164,800	–	-0.97%	–
MCI	Exit	BABSON CAP CORPORATE INVS	$0	–	-111,158	–	-1.02%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-75,886	–	-1.11%	–
XRA	Exit	EXETER RES CORP	$0	–	-6,430,500	–	-1.14%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-88,575	–	-1.15%	–
PFE	Exit	PFIZER INC	$0	–	-65,931	–	-1.16%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-56,153	–	-1.28%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-32,701	–	-1.32%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-1,348,510	–	-1.35%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-49,347	–	-1.37%	–
WU	Exit	WESTERN UN CO	$0	–	-151,000	–	-1.56%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-341,650	–	-1.86%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-136,902	–	-1.87%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-73,552	–	-2.44%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-303,160	–	-2.82%	–
HRB	Exit	BLOCK H & R INC	$0	–	-139,675	–	-2.84%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-39,760	–	-2.98%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-963,901	–	-3.22%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-440,865	–	-3.27%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-119,026	–	-3.33%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-349,143	–	-3.40%	–
LLY	Exit	LILLY ELI & CO	$0	–	-75,939	–	-3.57%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,218,954	–	-3.61%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-139,225	–	-3.77%	–
AA	Exit	ALCOA INC	$0	–	-694,699	–	-3.77%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-256,901	–	-3.79%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-284,064	–	-3.80%	–
XYL	Exit	XYLEM INC	$0	–	-236,525	–	-4.36%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-137,034	–	-4.38%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-824,681	–	-4.88%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-374,807	–	-5.18%	–

Q3 2015

			Value		Shares		↓ Weighting
MENT	Sell	MENTOR GRAPHICS CORP	$9,231,000	-7.2%	374,807	-0.4%	5.18%	+12.0%
CLDX	Buy	CELLDEX THERAPEUTICS INC NEW	$8,692,000	-57.6%	824,681	+1.5%	4.88%	-48.8%
CMCSA	Sell	COMCAST CORP NEWcl a	$7,794,000	-7.7%	137,034	-2.4%	4.38%	+11.4%
XYL	Buy	XYLEM INC	$7,770,000	-9.9%	236,525	+1.7%	4.36%	+8.8%
MSEX	Sell	MIDDLESEX WATER CO	$6,772,000	+5.3%	284,064	-0.4%	3.80%	+27.1%
SE	Sell	SPECTRA ENERGY CORP	$6,749,000	-19.7%	256,901	-0.3%	3.79%	-3.1%
DD	Buy	DU PONT E I DE NEMOURS & CO	$6,711,000	-24.0%	139,225	+0.8%	3.77%	-8.3%
AA	Buy	ALCOA INC	$6,711,000	+13.5%	694,699	+31.0%	3.77%	+36.9%
MLP	Buy	MAUI LD & PINEAPPLE INC	$6,424,000	-3.8%	1,218,954	+3.6%	3.61%	+16.1%
LLY	Sell	LILLY ELI & CO	$6,355,000	-17.5%	75,939	-17.7%	3.57%	-0.4%
BGH	Sell	BABSON CAP GLB SHT DURHGH YL	$6,054,000	-13.4%	349,143	-0.3%	3.40%	+4.6%
WM	Sell	WASTE MGMT INC DEL	$5,929,000	+5.1%	119,026	-2.2%	3.33%	+26.8%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$5,745,000	-22.7%	963,901	+34.7%	3.22%	-6.7%
CHE	Sell	CHEMED CORP NEW	$5,307,000	-19.7%	39,760	-21.1%	2.98%	-3.1%
HRB	Sell	BLOCK H & R INC	$5,056,000	+12.3%	139,675	-8.0%	2.84%	+35.5%
AMX	Sell	AMERICA MOVIL SAB DE CV	$5,017,000	-24.1%	303,160	-2.3%	2.82%	-8.4%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$4,354,000	-14.9%	73,552	-4.4%	2.44%	+2.7%
DISCK	Sell	DISCOVERY COMMUNICATNS NEW	$3,325,000	-22.0%	136,902	-0.2%	1.87%	-5.8%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$3,311,000	-8.8%	341,650	+75.3%	1.86%	+10.1%
WU	Buy	WESTERN UN CO	$2,772,000	-7.1%	151,000	+2.9%	1.56%	+12.1%
MRK	Sell	MERCK & CO INC NEW	$2,437,000	-18.6%	49,347	-6.2%	1.37%	-1.8%
CIG	Buy	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$2,400,000	-38.9%	1,348,510	+30.8%	1.35%	-26.3%
CAG	Sell	CONAGRA FOODS INC	$2,275,000	-7.9%	56,153	-0.6%	1.28%	+11.2%
PFE	Sell	PFIZER INC	$2,071,000	-14.7%	65,931	-9.0%	1.16%	+2.9%
KYN	Sell	KAYNE ANDERSON MLP INVT CO	$2,053,000	-26.6%	88,575	-2.9%	1.15%	-11.5%
XRA	Buy	EXETER RES CORP	$2,029,000	-34.5%	6,430,500	+0.2%	1.14%	-21.0%
DISCA	Sell	DISCOVERY COMMUNICATNS NEW	$1,975,000	-25.5%	75,886	-4.8%	1.11%	-10.1%
MCI	Sell	BABSON CAP CORPORATE INVS	$1,811,000	+0.8%	111,158	-0.5%	1.02%	+21.8%
ROVI	Sell	ROVI CORP	$1,729,000	-37.5%	164,800	-5.0%	0.97%	-24.6%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$1,687,000	+0.4%	25,499	+18.1%	0.95%	+21.3%
TWX	Buy	TIME WARNER INC	$1,619,000	-4.0%	23,548	+22.0%	0.91%	+15.8%
STO	Buy	STATOIL ASAsponsored adr	$1,464,000	-17.0%	100,540	+2.1%	0.82%	+0.2%
MDT	Sell	MEDTRONIC PLC	$1,451,000	-12.3%	21,683	-2.9%	0.82%	+5.8%
SLV	Buy	ISHARES SILVER TRUSTishares	$1,429,000	-7.7%	103,048	+0.0%	0.80%	+11.4%
CVX	Buy	CHEVRON CORP NEW	$1,287,000	-16.9%	16,310	+1.6%	0.72%	+0.3%
LBTYK	Sell	LIBERTY GLOBAL PLC	$1,258,000	-30.3%	30,671	-14.0%	0.71%	-16.0%
DEPO	Sell	DEPOMED INC	$1,123,000	-49.9%	59,550	-43.0%	0.63%	-39.6%
HPI	Buy	HANCOCK JOHN PFD INCOME FDsh ben int	$1,074,000	+3.2%	55,550	+3.4%	0.60%	+24.6%
CSCO	Sell	CISCO SYS INC	$961,000	-35.3%	36,600	-35.4%	0.54%	-22.0%
WY	Sell	WEYERHAEUSER CO	$794,000	-18.3%	29,047	-5.9%	0.45%	-1.3%
TRNX	Sell	TORNIER N V	$708,000	-23.2%	34,700	-6.0%	0.40%	-7.5%
VLY	Buy	VALLEY NATL BANCORP	$701,000	-2.0%	71,250	+2.7%	0.39%	+18.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$645,000	-6.7%	14,820	-0.0%	0.36%	+12.8%
LBTYA	Sell	LIBERTY GLOBAL PLC	$624,000	-24.2%	14,537	-4.5%	0.35%	-8.6%
PEG	Sell	PUBLIC SVC ENTERPRISE GROUP	$605,000	-0.2%	14,350	-7.0%	0.34%	+20.6%
BA	Sell	BOEING CO	$384,000	-8.8%	2,934	-3.3%	0.22%	+10.2%
FLR	Buy	FLUOR CORP NEW	$328,000	-18.0%	7,750	+2.6%	0.18%	-1.1%
KED	Buy	KAYNE ANDERSON ENERGY DEV CO	$314,000	-8.2%	14,660	+2.1%	0.18%	+10.7%
BID	Sell	SOTHEBYS	$296,000	-36.8%	9,250	-10.6%	0.17%	-23.9%
GE	Buy	GENERAL ELECTRIC CO	$282,000	-4.1%	11,181	+0.9%	0.16%	+15.3%
AET	Buy	AETNA INC NEW	$202,000	-11.8%	1,850	+2.8%	0.11%	+5.6%
PBI	Buy	PITNEY BOWES INC	$200,000	-2.0%	10,100	+3.1%	0.11%	+17.9%
RRD	Buy	DONNELLEY R R & SONS CO	$187,000	-16.5%	12,866	+0.2%	0.10%	+1.0%
HK	Sell	HALCON RES CORP	$172,000	-54.5%	324,100	-0.5%	0.10%	-44.9%
ISBC	Sell	INVESTORS BANCORP INC NEW	$138,000	-36.1%	11,188	-36.3%	0.08%	-23.0%
X	Sell	UNITED STATES STL CORP NEW	$130,000	-52.4%	12,457	-6.0%	0.07%	-42.5%
CC	New	CHEMOURS CO	$98,000	–	15,158	–	0.06%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-4,900	–	-0.09%	–

Q2 2015

			Value		Shares		↓ Weighting
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$20,496,000	–	812,681	–	9.53%	–
MENT	New	MENTOR GRAPHICS CORP	$9,946,000	–	376,304	–	4.63%	–
DD	New	DU PONT E I DE NEMOURS & CO	$8,834,000	–	138,133	–	4.11%	–
XYL	New	XYLEM INC	$8,620,000	–	232,525	–	4.01%	–
CMCSA	New	COMCAST CORP NEWcl a	$8,446,000	–	140,434	–	3.93%	–
SE	New	SPECTRA ENERGY CORP	$8,404,000	–	257,795	–	3.91%	–
LLY	New	LILLY ELI & CO	$7,705,000	–	92,285	–	3.58%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,429,000	–	715,711	–	3.46%	–
BGH	New	BABSON CAP GLB SHT DURHGH YL	$6,987,000	–	350,214	–	3.25%	–
MLP	New	MAUI LD & PINEAPPLE INC	$6,680,000	–	1,176,095	–	3.11%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,611,000	–	310,234	–	3.08%	–
CHE	New	CHEMED CORP NEW	$6,609,000	–	50,410	–	3.07%	–
MSEX	New	MIDDLESEX WATER CO	$6,431,000	–	285,064	–	2.99%	–
AA	New	ALCOA INC	$5,914,000	–	530,444	–	2.75%	–
WM	New	WASTE MGMT INC DEL	$5,642,000	–	121,729	–	2.62%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$5,445,000	–	440,865	–	2.53%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$5,117,000	–	76,902	–	2.38%	–
HRB	New	BLOCK H & R INC	$4,503,000	–	151,875	–	2.09%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$4,262,000	–	137,127	–	1.98%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$3,928,000	–	1,031,005	–	1.83%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,629,000	–	194,885	–	1.69%	–
XRA	New	EXETER RES CORP	$3,098,000	–	6,420,500	–	1.44%	–
MRK	New	MERCK & CO INC NEW	$2,995,000	–	52,607	–	1.39%	–
WU	New	WESTERN UN CO	$2,984,000	–	146,800	–	1.39%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$2,798,000	–	91,175	–	1.30%	–
ROVI	New	ROVI CORP	$2,767,000	–	173,500	–	1.29%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$2,651,000	–	79,711	–	1.23%	–
CAG	New	CONAGRA FOODS INC	$2,469,000	–	56,474	–	1.15%	–
PFE	New	PFIZER INC	$2,429,000	–	72,431	–	1.13%	–
DUK	New	DUKE ENERGY CORP NEW	$2,309,000	–	32,701	–	1.07%	–
DEPO	New	DEPOMED INC	$2,243,000	–	104,500	–	1.04%	–
XOM	New	EXXON MOBIL CORP	$1,878,000	–	22,571	–	0.87%	–
LBTYK	New	LIBERTY GLOBAL PLC	$1,806,000	–	35,671	–	0.84%	–
MCI	New	BABSON CAP CORPORATE INVS	$1,796,000	–	111,758	–	0.84%	–
STO	New	STATOIL ASAsponsored adr	$1,763,000	–	98,480	–	0.82%	–
TWX	New	TIME WARNER INC	$1,687,000	–	19,298	–	0.78%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,680,000	–	21,599	–	0.78%	–
MDT	New	MEDTRONIC PLC	$1,655,000	–	22,329	–	0.77%	–
SLV	New	ISHARES SILVER TRUSTishares	$1,548,000	–	103,000	–	0.72%	–
CVX	New	CHEVRON CORP NEW	$1,549,000	–	16,053	–	0.72%	–
CSCO	New	CISCO SYS INC	$1,485,000	–	56,650	–	0.69%	–
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$1,072,000	–	29,872	–	0.50%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$1,041,000	–	53,700	–	0.48%	–
WMB	New	WILLIAMS COS INC DEL	$1,033,000	–	18,000	–	0.48%	–
HP	New	HELMERICH & PAYNE INC	$1,009,000	–	14,325	–	0.47%	–
WY	New	WEYERHAEUSER CO	$972,000	–	30,865	–	0.45%	–
TRNX	New	TORNIER N V	$922,000	–	36,900	–	0.43%	–
UNH	New	UNITEDHEALTH GROUP INC	$836,000	–	6,850	–	0.39%	–
LBTYA	New	LIBERTY GLOBAL PLC	$823,000	–	15,227	–	0.38%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$817,000	–	16,800	–	0.38%	–
NVO	New	NOVO-NORDISK A Sadr	$809,000	–	14,775	–	0.38%	–
ABBV	New	ABBVIE INC	$769,000	–	11,448	–	0.36%	–
VLY	New	VALLEY NATL BANCORP	$715,000	–	69,350	–	0.33%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$695,000	–	4,275	–	0.32%	–
VZ	New	VERIZON COMMUNICATIONS INC	$691,000	–	14,821	–	0.32%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$606,000	–	15,432	–	0.28%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$538,000	–	14,936	–	0.25%	–
C	New	CITIGROUP INC	$519,000	–	9,400	–	0.24%	–
BID	New	SOTHEBYS	$468,000	–	10,350	–	0.22%	–
BA	New	BOEING CO	$421,000	–	3,034	–	0.20%	–
FLR	New	FLUOR CORP NEW	$400,000	–	7,550	–	0.19%	–
MMM	New	3M CO	$386,000	–	2,500	–	0.18%	–
HK	New	HALCON RES CORP	$378,000	–	325,600	–	0.18%	–
T	New	AT&T INC	$343,000	–	9,650	–	0.16%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$342,000	–	14,360	–	0.16%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$327,000	–	5,449	–	0.15%	–
KO	New	COCA COLA CO	$321,000	–	8,193	–	0.15%	–
GE	New	GENERAL ELECTRIC CO	$294,000	–	11,081	–	0.14%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$294,000	–	10,600	–	0.14%	–
X	New	UNITED STATES STL CORP NEW	$273,000	–	13,256	–	0.13%	–
AET	New	AETNA INC NEW	$229,000	–	1,800	–	0.11%	–
RRD	New	DONNELLEY R R & SONS CO	$224,000	–	12,840	–	0.10%	–
ISBC	New	INVESTORS BANCORP INC NEW	$216,000	–	17,562	–	0.10%	–
PBI	New	PITNEY BOWES INC	$204,000	–	9,800	–	0.10%	–
HYGS	New	HYDROGENICS CORP NEW	$203,000	–	20,006	–	0.09%	–
LBAI	New	LAKELAND BANCORP INC	$202,000	–	16,979	–	0.09%	–
MDLZ	New	MONDELEZ INTL INCcl a	$202,000	–	4,900	–	0.09%	–
AMBC	New	AMBAC FINL GROUP INC	$166,000	–	10,000	–	0.08%	–
RBYCF	New	RUBICON MINERALS CORP	$12,000	–	11,000	–	0.01%	–

Q4 2014

			Value		Shares		↓ Weighting
RBYCF	Exit	RUBICON MINERALS CORP	$0	–	-11,000	–	-0.01%	–
ISBC	Exit	INVESTORS BANCORP INC NEW	$0	–	-13,650	–	-0.06%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-16,979	–	-0.08%	–
SLV	Exit	ISHARES SILVER TRUSTishares	$0	–	-13,000	–	-0.10%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-9,800	–	-0.11%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,952	–	-0.13%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-10,600	–	-0.14%	–
BID	Exit	SOTHEBYS	$0	–	-8,900	–	-0.15%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,398	–	-0.16%	–
MMM	Exit	3M CO	$0	–	-2,500	–	-0.16%	–
KO	Exit	COCA COLA CO	$0	–	-8,980	–	-0.18%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-24,406	–	-0.19%	–
BA	Exit	BOEING CO	$0	–	-3,234	–	-0.19%	–
T	Exit	AT&T INC	$0	–	-11,892	–	-0.19%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-9,083	–	-0.22%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-13,575	–	-0.23%	–
C	Exit	CITIGROUP INC	$0	–	-9,700	–	-0.23%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-12,859	–	-0.23%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-55,200	–	-0.24%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-15,702	–	-0.27%	–
ABBV	Exit	ABBVIE INC	$0	–	-10,798	–	-0.29%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-7,800	–	-0.31%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-14,936	–	-0.32%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-15,075	–	-0.33%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-14,938	–	-0.34%	–
TRNX	Exit	TORNIER N V	$0	–	-33,250	–	-0.36%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-19,857	–	-0.39%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-28,812	–	-0.42%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-17,900	–	-0.45%	–
CSCO	Exit	CISCO SYS INC	$0	–	-47,550	–	-0.54%	–
DEPO	Exit	DEPOMED INC	$0	–	-86,300	–	-0.60%	–
LMCK	Exit	LIBERTY MEDIA CORP DELAWARE	$0	–	-29,872	–	-0.64%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-14,400	–	-0.65%	–
MDT	Exit	MEDTRONIC INC	$0	–	-24,375	–	-0.69%	–
TWX	Exit	TIME WARNER INC	$0	–	-20,164	–	-0.70%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-46,958	–	-0.71%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-8,529	–	-0.74%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-35,350	–	-0.78%	–
MCI	Exit	BABSON CAP CORPORATE INVS	$0	–	-118,408	–	-0.83%	–
HK	Exit	HALCON RES CORP	$0	–	-464,200	–	-0.84%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-17,361	–	-0.95%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-22,329	–	-0.98%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-23,071	–	-0.99%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-54,851	–	-1.03%	–
PFE	Exit	PFIZER INC	$0	–	-77,731	–	-1.05%	–
WU	Exit	WESTERN UN CO	$0	–	-149,000	–	-1.10%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-89,350	–	-1.11%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-34,666	–	-1.19%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-84,543	–	-1.46%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-56,412	–	-1.53%	–
XRA	Exit	EXETER RES CORP	$0	–	-5,665,500	–	-1.56%	–
ROVI	Exit	ROVI CORP	$0	–	-183,100	–	-1.66%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-96,475	–	-1.80%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-89,665	–	-2.10%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-142,579	–	-2.13%	–
HRB	Exit	BLOCK H & R INC	$0	–	-158,675	–	-2.26%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-144,345	–	-2.47%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-898,047	–	-2.56%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-291,064	–	-2.61%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-56,510	–	-2.66%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-431,815	–	-2.69%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,114,989	–	-2.91%	–
AA	Exit	ALCOA INC	$0	–	-421,635	–	-3.11%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-149,949	–	-3.27%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-364,450	–	-3.42%	–
LLY	Exit	LILLY ELI & CO	$0	–	-116,649	–	-3.47%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-337,198	–	-3.52%	–
XYL	Exit	XYLEM INC	$0	–	-223,750	–	-3.64%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-322,136	–	-3.72%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-708,210	–	-3.76%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-165,572	–	-4.08%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-260,667	–	-4.69%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-839,167	–	-4.98%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-161,721	–	-5.32%	–

Q3 2014

			Value		Shares		↓ Weighting
DD	New	DU PONT E I DE NEMOURS & CO	$11,605,000	–	161,721	–	5.32%	–
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$10,876,000	–	839,167	–	4.98%	–
SE	New	SPECTRA ENERGY CORP	$10,234,000	–	260,667	–	4.69%	–
CMCSA	New	COMCAST CORP NEWcl a	$8,904,000	–	165,572	–	4.08%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$8,201,000	–	708,210	–	3.76%	–
AMX	New	AMERICA MOVIL SAB DE CV	$8,118,000	–	322,136	–	3.72%	–
XYL	New	XYLEM INC	$7,941,000	–	223,750	–	3.64%	–
BGH	New	BABSON CAP GLB SHT DURHGH YL	$7,681,000	–	337,198	–	3.52%	–
LLY	New	LILLY ELI & CO	$7,565,000	–	116,649	–	3.47%	–
MENT	New	MENTOR GRAPHICS CORP	$7,469,000	–	364,450	–	3.42%	–
WM	New	WASTE MGMT INC DEL	$7,127,000	–	149,949	–	3.27%	–
AA	New	ALCOA INC	$6,784,000	–	421,635	–	3.11%	–
MLP	New	MAUI LD & PINEAPPLE INC	$6,355,000	–	1,114,989	–	2.91%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$5,871,000	–	431,815	–	2.69%	–
CHE	New	CHEMED CORP NEW	$5,815,000	–	56,510	–	2.66%	–
MSEX	New	MIDDLESEX WATER CO	$5,705,000	–	291,064	–	2.61%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,595,000	–	898,047	–	2.56%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$5,381,000	–	144,345	–	2.47%	–
HRB	New	BLOCK H & R INC	$4,921,000	–	158,675	–	2.26%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,655,000	–	142,579	–	2.13%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,589,000	–	89,665	–	2.10%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$3,940,000	–	96,475	–	1.80%	–
ROVI	New	ROVI CORP	$3,615,000	–	183,100	–	1.66%	–
XRA	New	EXETER RES CORP	$3,399,000	–	5,665,500	–	1.56%	–
MRK	New	MERCK & CO INC NEW	$3,344,000	–	56,412	–	1.53%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$3,196,000	–	84,543	–	1.46%	–
DUK	New	DUKE ENERGY CORP NEW	$2,592,000	–	34,666	–	1.19%	–
STO	New	STATOIL ASAsponsored adr	$2,427,000	–	89,350	–	1.11%	–
WU	New	WESTERN UN CO	$2,390,000	–	149,000	–	1.10%	–
PFE	New	PFIZER INC	$2,299,000	–	77,731	–	1.05%	–
LBTYK	New	LIBERTY GLOBAL PLC	$2,250,000	–	54,851	–	1.03%	–
XOM	New	EXXON MOBIL CORP	$2,170,000	–	23,071	–	0.99%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,147,000	–	22,329	–	0.98%	–
CVX	New	CHEVRON CORP NEW	$2,072,000	–	17,361	–	0.95%	–
HK	New	HALCON RES CORP	$1,838,000	–	464,200	–	0.84%	–
MCI	New	BABSON CAP CORPORATE INVS	$1,818,000	–	118,408	–	0.83%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,705,000	–	35,350	–	0.78%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,619,000	–	8,529	–	0.74%	–
CAG	New	CONAGRA FOODS INC	$1,551,000	–	46,958	–	0.71%	–
TWX	New	TIME WARNER INC	$1,517,000	–	20,164	–	0.70%	–
MDT	New	MEDTRONIC INC	$1,510,000	–	24,375	–	0.69%	–
HP	New	HELMERICH & PAYNE INC	$1,409,000	–	14,400	–	0.65%	–
LMCK	New	LIBERTY MEDIA CORP DELAWARE	$1,404,000	–	29,872	–	0.64%	–
DEPO	New	DEPOMED INC	$1,311,000	–	86,300	–	0.60%	–
CSCO	New	CISCO SYS INC	$1,178,000	–	47,550	–	0.54%	–
WMB	New	WILLIAMS COS INC DEL	$991,000	–	17,900	–	0.45%	–
WY	New	WEYERHAEUSER CO	$918,000	–	28,812	–	0.42%	–
LBTYA	New	LIBERTY GLOBAL PLC	$845,000	–	19,857	–	0.39%	–
TRNX	New	TORNIER N V	$795,000	–	33,250	–	0.36%	–
VZ	New	VERIZON COMMUNICATIONS INC	$747,000	–	14,938	–	0.34%	–
NVO	New	NOVO-NORDISK A Sadr	$718,000	–	15,075	–	0.33%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$705,000	–	14,936	–	0.32%	–
UNH	New	UNITEDHEALTH GROUP INC	$673,000	–	7,800	–	0.31%	–
ABBV	New	ABBVIE INC	$624,000	–	10,798	–	0.29%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$585,000	–	15,702	–	0.27%	–
VLY	New	VALLEY NATL BANCORP	$535,000	–	55,200	–	0.24%	–
X	New	UNITED STATES STL CORP NEW	$504,000	–	12,859	–	0.23%	–
C	New	CITIGROUP INC	$503,000	–	9,700	–	0.23%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$496,000	–	13,575	–	0.23%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$486,000	–	9,083	–	0.22%	–
T	New	AT&T INC	$419,000	–	11,892	–	0.19%	–
BA	New	BOEING CO	$412,000	–	3,234	–	0.19%	–
HYGS	New	HYDROGENICS CORP NEW	$411,000	–	24,406	–	0.19%	–
KO	New	COCA COLA CO	$383,000	–	8,980	–	0.18%	–
MMM	New	3M CO	$354,000	–	2,500	–	0.16%	–
ABT	New	ABBOTT LABS	$349,000	–	8,398	–	0.16%	–
BID	New	SOTHEBYS	$318,000	–	8,900	–	0.15%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$302,000	–	10,600	–	0.14%	–
GE	New	GENERAL ELECTRIC CO	$281,000	–	10,952	–	0.13%	–
PBI	New	PITNEY BOWES INC	$245,000	–	9,800	–	0.11%	–
SLV	New	ISHARES SILVER TRUSTishares	$213,000	–	13,000	–	0.10%	–
LBAI	New	LAKELAND BANCORP INC	$166,000	–	16,979	–	0.08%	–
ISBC	New	INVESTORS BANCORP INC NEW	$138,000	–	13,650	–	0.06%	–
RBYCF	New	RUBICON MINERALS CORP	$15,000	–	11,000	–	0.01%	–
RBYCF	Exit	RUBICON MINERALS CORP	$0	–	-11,000	–	-0.01%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-16,979	–	-0.08%	–
VLY	Exit	VALLEY NATL BANCORP	$0	–	-24,200	–	-0.10%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-6,589	–	-0.11%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,058	–	-0.11%	–
ISBC	Exit	INVESTORS BANCORP INC NEW	$0	–	-23,682	–	-0.11%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-9,800	–	-0.12%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-10,952	–	-0.12%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-10,600	–	-0.14%	–
X	Exit	UNITED STATES STL CORP NEW	$0	–	-12,155	–	-0.14%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,098	–	-0.14%	–
MMM	Exit	3M CO	$0	–	-2,500	–	-0.16%	–
BID	Exit	SOTHEBYS	$0	–	-8,900	–	-0.16%	–
KO	Exit	COCA COLA CO	$0	–	-8,980	–	-0.16%	–
C	Exit	CITIGROUP INC	$0	–	-9,700	–	-0.20%	–
BA	Exit	BOEING CO	$0	–	-3,634	–	-0.20%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-13,525	–	-0.20%	–
T	Exit	AT&T INC	$0	–	-13,563	–	-0.21%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-26,406	–	-0.21%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-9,583	–	-0.22%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-15,692	–	-0.28%	–
ABBV	Exit	ABBVIE INC	$0	–	-11,548	–	-0.28%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-15,075	–	-0.30%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-15,083	–	-0.32%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,400	–	-0.37%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-19,857	–	-0.38%	–
TRNX	Exit	TORNIER N V	$0	–	-41,450	–	-0.42%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-17,900	–	-0.45%	–
DEPO	Exit	DEPOMED INC	$0	–	-83,300	–	-0.50%	–
CSCO	Exit	CISCO SYS INC	$0	–	-47,550	–	-0.51%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-6,730	–	-0.53%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-37,980	–	-0.54%	–
TWX	Exit	TIME WARNER INC	$0	–	-19,614	–	-0.60%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-46,956	–	-0.60%	–
MDT	Exit	MEDTRONIC INC	$0	–	-24,375	–	-0.67%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-14,600	–	-0.74%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-35,850	–	-0.77%	–
MCI	Exit	BABSON CAP CORPORATE INVS	$0	–	-118,408	–	-0.78%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-14,936	–	-0.89%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-21,029	–	-0.94%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-17,650	–	-1.00%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-54,851	–	-1.01%	–
WU	Exit	WESTERN UN CO	$0	–	-137,100	–	-1.03%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-32,926	–	-1.04%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-24,145	–	-1.06%	–
PFE	Exit	PFIZER INC	$0	–	-82,031	–	-1.06%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-34,666	–	-1.12%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-88,150	–	-1.18%	–
HK	Exit	HALCON RES CORP	$0	–	-460,500	–	-1.46%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-59,904	–	-1.50%	–
ROVI	Exit	ROVI CORP	$0	–	-165,950	–	-1.72%	–
XRA	Exit	EXETER RES CORP	$0	–	-5,694,500	–	-1.75%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-102,688	–	-1.76%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-91,565	–	-1.93%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-127,826	–	-2.02%	–
HRB	Exit	BLOCK H & R INC	$0	–	-159,075	–	-2.31%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-430,165	–	-2.55%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-63,260	–	-2.57%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-295,564	–	-2.72%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-86,993	–	-2.80%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-319,474	–	-2.88%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-155,511	–	-3.02%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-917,898	–	-3.18%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-1,073,288	–	-3.20%	–
LLY	Exit	LILLY ELI & CO	$0	–	-119,345	–	-3.22%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-313,881	–	-3.33%	–
AA	Exit	ALCOA INC	$0	–	-522,832	–	-3.38%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-666,260	–	-3.42%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-369,050	–	-3.45%	–
XYL	Exit	XYLEM INC	$0	–	-232,850	–	-3.95%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-175,122	–	-4.08%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-165,879	–	-4.71%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-274,976	–	-5.07%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-811,267	–	-5.74%	–

Q2 2014

			Value		Shares		↓ Weighting
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$13,240,000	–	811,267	–	5.74%	–
SE	New	SPECTRA ENERGY CORP	$11,681,000	–	274,976	–	5.07%	–
DD	New	DU PONT E I DE NEMOURS & CO	$10,855,000	–	165,879	–	4.71%	–
CMCSA	New	COMCAST CORP NEWcl a	$9,401,000	–	175,122	–	4.08%	–
XYL	New	XYLEM INC	$9,100,000	–	232,850	–	3.95%	–
MENT	New	MENTOR GRAPHICS CORP	$7,960,000	–	369,050	–	3.45%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$7,869,000	–	666,260	–	3.42%	–
AA	New	ALCOA INC	$7,785,000	–	522,832	–	3.38%	–
BGH	New	BABSON CAP GLB SHT DURHGH YL	$7,668,000	–	313,881	–	3.33%	–
LLY	New	LILLY ELI & CO	$7,420,000	–	119,345	–	3.22%	–
MLP	New	MAUI LD & PINEAPPLE INC	$7,363,000	–	1,073,288	–	3.20%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$7,334,000	–	917,898	–	3.18%	–
WM	New	WASTE MGMT INC DEL	$6,956,000	–	155,511	–	3.02%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,629,000	–	319,474	–	2.88%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$6,462,000	–	86,993	–	2.80%	–
MSEX	New	MIDDLESEX WATER CO	$6,260,000	–	295,564	–	2.72%	–
CHE	New	CHEMED CORP NEW	$5,929,000	–	63,260	–	2.57%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$5,885,000	–	430,165	–	2.55%	–
HRB	New	BLOCK H & R INC	$5,332,000	–	159,075	–	2.31%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$4,666,000	–	127,826	–	2.02%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,442,000	–	91,565	–	1.93%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$4,047,000	–	102,688	–	1.76%	–
XRA	New	EXETER RES CORP	$4,043,000	–	5,694,500	–	1.75%	–
ROVI	New	ROVI CORP	$3,976,000	–	165,950	–	1.72%	–
MRK	New	MERCK & CO INC NEW	$3,465,000	–	59,904	–	1.50%	–
HK	New	HALCON RES CORP	$3,357,000	–	460,500	–	1.46%	–
STO	New	STATOIL ASAsponsored adr	$2,718,000	–	88,150	–	1.18%	–
DUK	New	DUKE ENERGY CORP NEW	$2,572,000	–	34,666	–	1.12%	–
PFE	New	PFIZER INC	$2,435,000	–	82,031	–	1.06%	–
XOM	New	EXXON MOBIL CORP	$2,431,000	–	24,145	–	1.06%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$2,390,000	–	32,926	–	1.04%	–
WU	New	WESTERN UN CO	$2,377,000	–	137,100	–	1.03%	–
LBTYK	New	LIBERTY GLOBAL PLC	$2,321,000	–	54,851	–	1.01%	–
CVX	New	CHEVRON CORP NEW	$2,304,000	–	17,650	–	1.00%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$2,158,000	–	21,029	–	0.94%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$2,041,000	–	14,936	–	0.89%	–
MCI	New	BABSON CAP CORPORATE INVS	$1,808,000	–	118,408	–	0.78%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,773,000	–	35,850	–	0.77%	–
HP	New	HELMERICH & PAYNE INC	$1,695,000	–	14,600	–	0.74%	–
MDT	New	MEDTRONIC INC	$1,554,000	–	24,375	–	0.67%	–
CAG	New	CONAGRA FOODS INC	$1,394,000	–	46,956	–	0.60%	–
TWX	New	TIME WARNER INC	$1,378,000	–	19,614	–	0.60%	–
WY	New	WEYERHAEUSER CO	$1,257,000	–	37,980	–	0.54%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,220,000	–	6,730	–	0.53%	–
CSCO	New	CISCO SYS INC	$1,170,000	–	47,550	–	0.51%	–
DEPO	New	DEPOMED INC	$1,158,000	–	83,300	–	0.50%	–
WMB	New	WILLIAMS COS INC DEL	$1,042,000	–	17,900	–	0.45%	–
TRNX	New	TORNIER N V	$969,000	–	41,450	–	0.42%	–
LBTYA	New	LIBERTY GLOBAL PLC	$878,000	–	19,857	–	0.38%	–
UNH	New	UNITEDHEALTH GROUP INC	$850,000	–	10,400	–	0.37%	–
VZ	New	VERIZON COMMUNICATIONS INC	$738,000	–	15,083	–	0.32%	–
NVO	New	NOVO-NORDISK A Sadr	$696,000	–	15,075	–	0.30%	–
ABBV	New	ABBVIE INC	$652,000	–	11,548	–	0.28%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$640,000	–	15,692	–	0.28%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$511,000	–	9,583	–	0.22%	–
HYGS	New	HYDROGENICS CORP NEW	$493,000	–	26,406	–	0.21%	–
T	New	AT&T INC	$480,000	–	13,563	–	0.21%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$463,000	–	13,525	–	0.20%	–
BA	New	BOEING CO	$462,000	–	3,634	–	0.20%	–
C	New	CITIGROUP INC	$457,000	–	9,700	–	0.20%	–
KO	New	COCA COLA CO	$380,000	–	8,980	–	0.16%	–
BID	New	SOTHEBYS	$374,000	–	8,900	–	0.16%	–
MMM	New	3M CO	$358,000	–	2,500	–	0.16%	–
ABT	New	ABBOTT LABS	$331,000	–	8,098	–	0.14%	–
X	New	UNITED STATES STL CORP NEW	$317,000	–	12,155	–	0.14%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$311,000	–	10,600	–	0.14%	–
GE	New	GENERAL ELECTRIC CO	$288,000	–	10,952	–	0.12%	–
PBI	New	PITNEY BOWES INC	$271,000	–	9,800	–	0.12%	–
ISBC	New	INVESTORS BANCORP INC NEW	$262,000	–	23,682	–	0.11%	–
PM	New	PHILIP MORRIS INTL INC	$258,000	–	3,058	–	0.11%	–
MDLZ	New	MONDELEZ INTL INCcl a	$248,000	–	6,589	–	0.11%	–
VLY	New	VALLEY NATL BANCORP	$240,000	–	24,200	–	0.10%	–
LBAI	New	LAKELAND BANCORP INC	$183,000	–	16,979	–	0.08%	–
RBYCF	New	RUBICON MINERALS CORP	$16,000	–	11,000	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
DEPO	Exit	DEPOMED INC	$0	–	-15,800	–	-0.05%	–
RBYCF	Exit	RUBICON MINERALS CORP	$0	–	-100,000	–	-0.06%	–
LBAI	Exit	LAKELAND BANCORP INC	$0	–	-16,172	–	-0.08%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-6,800	–	-0.10%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-6,822	–	-0.10%	–
UNS	Exit	UNS ENERGY CORP	$0	–	-5,000	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,018	–	-0.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-4,167	–	-0.12%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-9,065	–	-0.13%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-3,700	–	-0.13%	–
ABT	Exit	ABBOTT LABS	$0	–	-8,648	–	-0.13%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-2,785	–	-0.14%	–
STRZA	Exit	STARZ	$0	–	-11,344	–	-0.14%	–
HYGS	Exit	HYDROGENICS CORP NEW	$0	–	-26,704	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-2,900	–	-0.16%	–
KO	Exit	COCA COLA CO	$0	–	-9,320	–	-0.17%	–
KED	Exit	KAYNE ANDERSON ENERGY DEV CO	$0	–	-13,500	–	-0.17%	–
QRTEA	Exit	LIBERTY INTERACTIVE CORP	$0	–	-16,600	–	-0.18%	–
PNR	Exit	PENTAIR LTD	$0	–	-6,325	–	-0.18%	–
FLR	Exit	FLUOR CORP NEW	$0	–	-5,825	–	-0.19%	–
AWCMY	Exit	ALUMINA LTDsponsored adr	$0	–	-115,100	–	-0.20%	–
BID	Exit	SOTHEBYS	$0	–	-8,900	–	-0.20%	–
CMCSK	Exit	COMCAST CORP NEWcl a spl	$0	–	-11,081	–	-0.22%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-2,940	–	-0.22%	–
ABBV	Exit	ABBVIE INC	$0	–	-11,398	–	-0.23%	–
PEG	Exit	PUBLIC SVC ENTERPRISE GROUP	$0	–	-16,321	–	-0.24%	–
BA	Exit	BOEING CO	$0	–	-4,634	–	-0.24%	–
WMB	Exit	WILLIAMS COS INC DEL	$0	–	-17,900	–	-0.29%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-14,716	–	-0.31%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-10,475	–	-0.34%	–
T	Exit	AT&T INC	$0	–	-24,269	–	-0.37%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-11,950	–	-0.41%	–
C	Exit	CITIGROUP INC	$0	–	-19,700	–	-0.43%	–
WY	Exit	WEYERHAEUSER CO	$0	–	-34,830	–	-0.45%	–
HP	Exit	HELMERICH & PAYNE INC	$0	–	-14,600	–	-0.45%	–
CSCO	Exit	CISCO SYS INC	$0	–	-45,800	–	-0.49%	–
TRNX	Exit	TORNIER N V	$0	–	-63,650	–	-0.55%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-6,807	–	-0.57%	–
TWX	Exit	TIME WARNER INC	$0	–	-19,747	–	-0.58%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-37,650	–	-0.70%	–
MDT	Exit	MEDTRONIC INC	$0	–	-31,175	–	-0.75%	–
CAG	Exit	CONAGRA FOODS INC	$0	–	-57,250	–	-0.78%	–
MCI	Exit	BABSON CAP CORPORATE INVS	$0	–	-126,208	–	-0.87%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-20,769	–	-0.87%	–
LBTYA	Exit	LIBERTY GLOBAL PLC	$0	–	-24,787	–	-0.88%	–
STO	Exit	STATOIL ASAsponsored adr	$0	–	-88,150	–	-0.90%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-27,907	–	-0.96%	–
LBTYK	Exit	LIBERTY GLOBAL PLC	$0	–	-29,892	–	-1.02%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-18,672	–	-1.02%	–
PFE	Exit	PFIZER INC	$0	–	-81,554	–	-1.05%	–
FCX	Exit	FREEPORT-MCMORAN COPPER & GO	$0	–	-70,915	–	-1.06%	–
WU	Exit	WESTERN UN CO	$0	–	-137,100	–	-1.15%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-39,451	–	-1.24%	–
ROVI	Exit	ROVI CORP	$0	–	-143,850	–	-1.24%	–
XRA	Exit	EXETER RES CORP	$0	–	-3,682,000	–	-1.31%	–
A309PS	Exit	DIRECTV	$0	–	-48,718	–	-1.31%	–
MRK	Exit	MERCK & CO INC NEW	$0	–	-63,087	–	-1.35%	–
AA	Exit	ALCOA INC	$0	–	-406,675	–	-1.49%	–
LMCA	Exit	LIBERTY MEDIA CORP DELAWAREcl a	$0	–	-23,062	–	-1.53%	–
KYN	Exit	KAYNE ANDERSON MLP INVSMNT C	$0	–	-105,275	–	-1.70%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-166,700	–	-1.71%	–
BVN	Exit	COMPANIA DE MINAS BUENAVENTUsponsored adr	$0	–	-329,910	–	-1.74%	–
MLP	Exit	MAUI LD & PINEAPPLE INC	$0	–	-966,402	–	-1.76%	–
HRB	Exit	BLOCK H & R INC	$0	–	-166,025	–	-1.99%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-98,965	–	-2.06%	–
CHE	Exit	CHEMED CORP NEW	$0	–	-65,160	–	-2.10%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-289,712	–	-2.58%	–
CIG	Exit	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$0	–	-673,802	–	-2.62%	–
MPV	Exit	BABSON CAP PARTN INVS TRsh ben int	$0	–	-427,890	–	-2.68%	–
LLY	Exit	LILLY ELI & CO	$0	–	-125,868	–	-2.85%	–
MSEX	Exit	MIDDLESEX WATER CO	$0	–	-312,314	–	-3.01%	–
XYL	Exit	XYLEM INC	$0	–	-240,000	–	-3.02%	–
WM	Exit	WASTE MGMT INC DEL	$0	–	-166,932	–	-3.10%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-101,637	–	-3.86%	–
MENT	Exit	MENTOR GRAPHICS CORP	$0	–	-388,550	–	-4.09%	–
SE	Exit	SPECTRA ENERGY CORP	$0	–	-288,867	–	-4.45%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-173,976	–	-4.58%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-258,409	–	-5.25%	–
CLDX	Exit	CELLDEX THERAPEUTICS INC NEW	$0	–	-876,020	–	-13.97%	–

Q3 2013

			Value		Shares		↓ Weighting
CLDX	Sell	CELLDEX THERAPEUTICS INC NEW	$31,037,000	+82.2%	876,020	-19.7%	13.97%	+63.2%
CMCSA	Sell	COMCAST CORP NEWcl a	$11,658,000	+8.0%	258,409	-0.1%	5.25%	-3.4%
DD	Buy	DU PONT E I DE NEMOURS & CO	$10,188,000	+11.7%	173,976	+0.1%	4.58%	0.0%
SE	Sell	SPECTRA ENERGY CORP	$9,888,000	-1.0%	288,867	-0.3%	4.45%	-11.3%
MENT	Sell	MENTOR GRAPHICS CORP	$9,080,000	+18.8%	388,550	-0.6%	4.09%	+6.4%
DISCA	Sell	DISCOVERY COMMUNICATNS NEW	$8,580,000	+8.2%	101,637	-1.0%	3.86%	-3.1%
WM	Sell	WASTE MGMT INC DEL	$6,884,000	+1.6%	166,932	-0.7%	3.10%	-9.0%
XYL	Sell	XYLEM INC	$6,703,000	+2.8%	240,000	-0.9%	3.02%	-8.0%
MSEX	Sell	MIDDLESEX WATER CO	$6,680,000	+7.2%	312,314	-0.2%	3.01%	-4.1%
LLY	Buy	LILLY ELI & CO	$6,335,000	+2.5%	125,868	+0.0%	2.85%	-8.2%
MPV	Buy	BABSON CAP PARTN INVS TRsh ben int	$5,966,000	-2.8%	427,890	+2.0%	2.68%	-13.0%
CIG	Sell	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$5,822,000	-3.7%	673,802	-0.0%	2.62%	-13.8%
AMX	Buy	AMERICA MOVIL SAB DE CV	$5,739,000	-8.2%	289,712	+0.8%	2.58%	-17.8%
CHE	Sell	CHEMED CORP NEW	$4,659,000	-1.7%	65,160	-0.4%	2.10%	-12.0%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$4,580,000	+2.9%	98,965	-0.6%	2.06%	-7.9%
HRB	Sell	BLOCK H & R INC	$4,426,000	-4.6%	166,025	-0.7%	1.99%	-14.6%
MLP	Buy	MAUI LD & PINEAPPLE INC	$3,904,000	+3.6%	966,402	+4.1%	1.76%	-7.3%
BVN	Buy	COMPANIA DE MINAS BUENAVENTUsponsored adr	$3,863,000	-19.4%	329,910	+1.7%	1.74%	-27.8%
BGH	New	BABSON CAP GLB SHT DURHGH YL	$3,806,000	–	166,700	–	1.71%	–
KYN	Sell	KAYNE ANDERSON MLP INVSMNT C	$3,774,000	-8.9%	105,275	-1.1%	1.70%	-18.4%
AA	Buy	ALCOA INC	$3,302,000	+521.8%	406,675	+499.2%	1.49%	+456.6%
MRK	Buy	MERCK & CO INC NEW	$3,004,000	+3.5%	63,087	+0.9%	1.35%	-7.3%
XRA	Buy	EXETER RES CORP	$2,909,000	+17.1%	3,682,000	+5.2%	1.31%	+4.8%
ROVI	Buy	ROVI CORP	$2,758,000	-14.3%	143,850	+2.1%	1.24%	-23.3%
WU	Buy	WESTERN UN CO	$2,558,000	+9.5%	137,100	+0.4%	1.15%	-2.0%
FCX	Buy	FREEPORT-MCMORAN COPPER & GO	$2,346,000	+44.7%	70,915	+20.8%	1.06%	+29.6%
PFE	Sell	PFIZER INC	$2,343,000	+2.4%	81,554	-0.2%	1.05%	-8.4%
CVX	Buy	CHEVRON CORP NEW	$2,269,000	+2.7%	18,672	+0.0%	1.02%	-8.1%
XOM	Buy	EXXON MOBIL CORP	$2,143,000	-4.6%	27,907	+12.2%	0.96%	-14.6%
MCI	Sell	BABSON CAP CORPORATE INVS	$1,934,000	-3.9%	126,208	-0.6%	0.87%	-13.9%
CAG	Sell	CONAGRA FOODS INC	$1,737,000	-13.2%	57,250	-0.1%	0.78%	-22.3%
IBM	Buy	INTERNATIONAL BUSINESS MACHS	$1,260,000	-2.0%	6,807	+1.1%	0.57%	-12.2%
TRNX	Buy	TORNIER N V	$1,230,000	+12.2%	63,650	+1.6%	0.55%	+0.5%
CSCO	Buy	CISCO SYS INC	$1,094,000	+97.1%	45,800	+100.9%	0.49%	+76.3%
WY	Sell	WEYERHAEUSER CO	$997,000	-3.8%	34,830	-4.3%	0.45%	-13.8%
PG	Buy	PROCTER & GAMBLE CO	$903,000	-1.0%	11,950	+0.8%	0.41%	-11.4%
UNH	Buy	UNITEDHEALTH GROUP INC	$750,000	+12.3%	10,475	+2.7%	0.34%	+0.6%
VZ	Sell	VERIZON COMMUNICATIONS INC	$687,000	-12.6%	14,716	-5.8%	0.31%	-21.8%
PEG	Buy	PUBLIC SVC ENTERPRISE GROUP	$537,000	+4.1%	16,321	+3.2%	0.24%	-6.6%
ABBV	Buy	ABBVIE INC	$510,000	+11.1%	11,398	+2.7%	0.23%	-0.4%
CMCSK	Sell	COMCAST CORP NEWcl a spl	$480,000	+7.1%	11,081	-1.8%	0.22%	-4.0%
AWCMY	Sell	ALUMINA LTDsponsored adr	$436,000	+5.1%	115,100	-1.0%	0.20%	-6.2%
FLR	Buy	FLUOR CORP NEW	$413,000	+24.8%	5,825	+4.5%	0.19%	+12.0%
PNR	Sell	PENTAIR LTD	$411,000	+5.9%	6,325	-5.9%	0.18%	-5.1%
KED	Buy	KAYNE ANDERSON ENERGY DEV CO	$385,000	+47.5%	13,500	+32.4%	0.17%	+32.1%
DIS	Buy	DISNEY WALT CO	$269,000	+8.9%	4,167	+6.4%	0.12%	-2.4%
PM	Buy	PHILIP MORRIS INTL INC	$261,000	+9.2%	3,018	+9.5%	0.12%	-2.5%
MO	Buy	ALTRIA GROUP INC	$234,000	+2.6%	6,822	+4.6%	0.10%	-8.7%
DEPO	New	DEPOMED INC	$118,000	–	15,800	–	0.05%	–
S	Exit	SPRINT NEXTEL CORP	$0	–	-14,675	–	-0.05%	–
PBI	Exit	PITNEY BOWES INC	$0	–	-9,800	–	-0.07%	–
KMB	Exit	KIMBERLY CLARK CORP	$0	–	-2,100	–	-0.10%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-20,951	–	-0.24%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-36,407	–	-1.24%	–

Q2 2013

			Value		Shares		↓ Weighting
CLDX	New	CELLDEX THERAPEUTICS INC NEW	$17,030,000	–	1,090,975	–	8.56%	–
CMCSA	New	COMCAST CORP NEWcl a	$10,799,000	–	258,659	–	5.43%	–
SE	New	SPECTRA ENERGY CORP	$9,985,000	–	289,767	–	5.02%	–
DD	New	DU PONT E I DE NEMOURS & CO	$9,121,000	–	173,740	–	4.58%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$7,928,000	–	102,637	–	3.98%	–
MENT	New	MENTOR GRAPHICS CORP	$7,642,000	–	390,900	–	3.84%	–
WM	New	WASTE MGMT INC DEL	$6,777,000	–	168,039	–	3.41%	–
XYL	New	XYLEM INC	$6,522,000	–	242,100	–	3.28%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,253,000	–	287,512	–	3.14%	–
MSEX	New	MIDDLESEX WATER CO	$6,233,000	–	312,914	–	3.13%	–
LLY	New	LILLY ELI & CO	$6,182,000	–	125,859	–	3.11%	–
MPV	New	BABSON CAP PARTN INVS TRsh ben int	$6,138,000	–	419,540	–	3.08%	–
CIG	New	COMPANHIA ENERGETICA DE MINAsp adr n-v pfd	$6,047,000	–	674,126	–	3.04%	–
BVN	New	COMPANIA DE MINAS BUENAVENTUsponsored adr	$4,790,000	–	324,510	–	2.41%	–
CHE	New	CHEMED CORP NEW	$4,738,000	–	65,410	–	2.38%	–
HRB	New	BLOCK H & R INC	$4,640,000	–	167,225	–	2.33%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$4,450,000	–	99,565	–	2.24%	–
KYN	New	KAYNE ANDERSON MLP INVSMNT C	$4,141,000	–	106,475	–	2.08%	–
MLP	New	MAUI LD & PINEAPPLE INC	$3,770,000	–	928,450	–	1.90%	–
ROVI	New	ROVI CORP	$3,219,000	–	140,950	–	1.62%	–
A309PS	New	DIRECTV	$3,003,000	–	48,718	–	1.51%	–
LMCA	New	LIBERTY MEDIA CORP DELAWAREcl a	$2,923,000	–	23,062	–	1.47%	–
MRK	New	MERCK & CO INC NEW	$2,903,000	–	62,507	–	1.46%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$2,753,000	–	39,451	–	1.38%	–
XRA	New	EXETER RES CORP	$2,484,000	–	3,499,100	–	1.25%	–
DUK	New	DUKE ENERGY CORP NEW	$2,457,000	–	36,407	–	1.24%	–
WU	New	WESTERN UN CO	$2,337,000	–	136,600	–	1.18%	–
PFE	New	PFIZER INC	$2,289,000	–	81,704	–	1.15%	–
XOM	New	EXXON MOBIL CORP	$2,247,000	–	24,867	–	1.13%	–
CVX	New	CHEVRON CORP NEW	$2,210,000	–	18,671	–	1.11%	–
LBTYK	New	LIBERTY GLOBAL PLC	$2,029,000	–	29,892	–	1.02%	–
MCI	New	BABSON CAP CORPORATE INVS	$2,012,000	–	126,958	–	1.01%	–
CAG	New	CONAGRA FOODS INC	$2,001,000	–	57,300	–	1.01%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$1,853,000	–	20,769	–	0.93%	–
STO	New	STATOIL ASAsponsored adr	$1,824,000	–	88,150	–	0.92%	–
LBTYA	New	LIBERTY GLOBAL PLC	$1,822,000	–	24,787	–	0.92%	–
FCX	New	FREEPORT-MCMORAN COPPER & GO	$1,621,000	–	58,700	–	0.82%	–
MDT	New	MEDTRONIC INC	$1,605,000	–	31,175	–	0.81%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,552,000	–	37,650	–	0.78%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$1,286,000	–	6,730	–	0.65%	–
TWX	New	TIME WARNER INC	$1,142,000	–	19,747	–	0.57%	–
TRNX	New	TORNIER N V	$1,096,000	–	62,650	–	0.55%	–
WY	New	WEYERHAEUSER CO	$1,036,000	–	36,380	–	0.52%	–
C	New	CITIGROUP INC	$945,000	–	19,700	–	0.48%	–
HP	New	HELMERICH & PAYNE INC	$912,000	–	14,600	–	0.46%	–
PG	New	PROCTER & GAMBLE CO	$912,000	–	11,850	–	0.46%	–
T	New	AT&T INC	$859,000	–	24,269	–	0.43%	–
VZ	New	VERIZON COMMUNICATIONS INC	$786,000	–	15,616	–	0.40%	–
UNH	New	UNITEDHEALTH GROUP INC	$668,000	–	10,200	–	0.34%	–
WMB	New	WILLIAMS COS INC DEL	$581,000	–	17,900	–	0.29%	–
CSCO	New	CISCO SYS INC	$555,000	–	22,800	–	0.28%	–
AA	New	ALCOA INC	$531,000	–	67,875	–	0.27%	–
PEG	New	PUBLIC SVC ENTERPRISE GROUP	$516,000	–	15,810	–	0.26%	–
GE	New	GENERAL ELECTRIC CO	$486,000	–	20,951	–	0.24%	–
BA	New	BOEING CO	$475,000	–	4,634	–	0.24%	–
ABBV	New	ABBVIE INC	$459,000	–	11,098	–	0.23%	–
NVO	New	NOVO-NORDISK A Sadr	$456,000	–	2,940	–	0.23%	–
CMCSK	New	COMCAST CORP NEWcl a spl	$448,000	–	11,281	–	0.22%	–
AWCMY	New	ALUMINA LTDsponsored adr	$415,000	–	116,300	–	0.21%	–
PNR	New	PENTAIR LTD	$388,000	–	6,725	–	0.20%	–
QRTEA	New	LIBERTY INTERACTIVE CORP	$382,000	–	16,600	–	0.19%	–
KO	New	COCA COLA CO	$374,000	–	9,320	–	0.19%	–
HYGS	New	HYDROGENICS CORP NEW	$373,000	–	26,704	–	0.19%	–
BID	New	SOTHEBYS	$337,000	–	8,900	–	0.17%	–
FLR	New	FLUOR CORP NEW	$331,000	–	5,575	–	0.17%	–
MMM	New	3M CO	$317,000	–	2,900	–	0.16%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$312,000	–	2,785	–	0.16%	–
ABT	New	ABBOTT LABS	$302,000	–	8,648	–	0.15%	–
KED	New	KAYNE ANDERSON ENERGY DEV CO	$261,000	–	10,200	–	0.13%	–
MDLZ	New	MONDELEZ INTL INCcl a	$259,000	–	9,065	–	0.13%	–
STRZA	New	STARZ	$251,000	–	11,344	–	0.13%	–
DIS	New	DISNEY WALT CO	$247,000	–	3,917	–	0.12%	–
SBUX	New	STARBUCKS CORP	$242,000	–	3,700	–	0.12%	–
PM	New	PHILIP MORRIS INTL INC	$239,000	–	2,757	–	0.12%	–
MSFT	New	MICROSOFT CORP	$235,000	–	6,800	–	0.12%	–
MO	New	ALTRIA GROUP INC	$228,000	–	6,522	–	0.12%	–
UNS	New	UNS ENERGY CORP	$224,000	–	5,000	–	0.11%	–
KMB	New	KIMBERLY CLARK CORP	$204,000	–	2,100	–	0.10%	–
LBAI	New	LAKELAND BANCORP INC	$169,000	–	16,172	–	0.08%	–
PBI	New	PITNEY BOWES INC	$144,000	–	9,800	–	0.07%	–
RBYCF	New	RUBICON MINERALS CORP	$128,000	–	100,000	–	0.06%	–
S	New	SPRINT NEXTEL CORP	$103,000	–	14,675	–	0.05%	–

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