A. D. Beadell Investment Counsel, Inc. Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$4,796	+5.4%	175,235	+1.4%	5.01%	+13.9%
PRIM	Sell	Primoris Services Co	$4,050	+4.9%	123,770	-2.3%	4.23%	+13.4%
MRK	Sell	Merck & Co Inc	$3,494	-33.4%	33,940	-25.3%	3.65%	-28.0%
TSM	Buy	Taiwan Semiconductor	$3,456	-10.2%	39,772	+4.3%	3.61%	-3.0%
NEP	Buy	Nextera Era Energy Partners	$3,164	-48.4%	106,540	+2.0%	3.30%	-44.2%
BDX	Sell	Becton Dickinson & Co	$3,064	-2.3%	11,854	-0.2%	3.20%	+5.5%
ABT	Buy	Abbott Laboratories	$2,986	-10.7%	30,835	+0.5%	3.12%	-3.6%
KMI	Sell	Kinder Morgan Inc	$2,928	-4.1%	176,650	-0.4%	3.06%	+3.6%
	Sell	Market Vectors Gold Miner ETF	$2,707	-11.7%	100,617	-1.2%	2.82%	-4.7%
AAPL	Sell	Apple Inc	$2,504	-12.2%	14,629	-0.5%	2.61%	-5.2%
GOOGL	Sell	Alphabet Inc Cl A	$2,421	+9.2%	18,505	-0.1%	2.53%	+18.0%
MDT	Sell	Medtronic Inc	$2,383	-11.4%	30,415	-0.4%	2.49%	-4.3%
MSFT	Sell	Microsoft Corp	$2,371	-8.0%	7,510	-0.7%	2.48%	-0.6%
PEP	Sell	Pepsico Inc	$2,204	-8.7%	13,010	-0.2%	2.30%	-1.4%
CSCO	Buy	Cisco Systems Inc	$2,129	+36.0%	39,614	+30.8%	2.22%	+46.9%
AMZN	Sell	Amazon.com Inc	$2,121	-3.0%	16,689	-0.5%	2.21%	+4.8%
VCSH	Buy	Vanguard Short-Term Corp	$2,056	-0.7%	27,368	+0.0%	2.15%	+7.3%
	Buy	Jacobs Solutions Inc	$2,000	+37.8%	14,655	+20.1%	2.09%	+48.9%
PXD	Sell	Pioneer Natural Res	$1,970	+10.2%	8,585	-0.6%	2.06%	+19.0%
PBA	Buy	Pembina Pipeline Corp	$1,922	-0.4%	63,957	+4.2%	2.01%	+7.6%
JNJ	Sell	Johnson & Johnson	$1,795	-23.3%	11,530	-18.4%	1.87%	-17.1%
PHYS	Sell	Sprott Physical Gold ETV	$1,723	-11.6%	120,345	-8.0%	1.80%	-4.6%
JPM	Sell	JPMorgan Chase & Co	$1,714	-5.1%	11,824	-4.8%	1.79%	+2.5%
QSR	Sell	Restaurant Brands	$1,587	-14.5%	23,830	-0.5%	1.66%	-7.6%
SGOL	Sell	Aberdeen Phys Swiss Gold	$1,527	-4.9%	86,350	-1.2%	1.59%	+2.8%
AY	New	Atlantica Sustainable	$1,523	–	79,780	–	1.59%	–
IGSB	Sell	iShares 1-5 Yr Invstmt Grade Bond	$1,507	-6.8%	30,250	-6.2%	1.57%	+0.7%
KO	Buy	Coca Cola Company	$1,194	-3.9%	21,334	+3.4%	1.25%	+3.8%
MDLZ	Buy	Mondelez International	$1,180	-3.8%	17,016	+1.2%	1.23%	+4.0%
FDX	Sell	FedEx Corporation	$1,137	-16.8%	4,295	-22.1%	1.19%	-10.1%
ENB	Sell	Enbridge Inc	$1,120	-16.5%	33,415	-7.4%	1.17%	-9.8%
PWR	Buy	Quanta Services Inc	$1,100	-3.3%	5,885	+1.7%	1.15%	+4.5%
UNP	Sell	Union Pacific Corp	$1,025	-2.8%	5,034	-2.4%	1.07%	+5.0%
APD	New	Air Products and Chemicals	$948	–	3,347	–	0.99%	–
XLC	Sell	Communications Services ETF	$908	-16.4%	13,849	-17.0%	0.95%	-9.6%
ITA	Buy	iShares US Aerospace & Defense	$876	-1.6%	8,270	+8.4%	0.91%	+6.3%
CB	Buy	Chubb Ltd	$832	+26.6%	4,000	+17.1%	0.87%	+36.7%
GTLS	Sell	Chart Industries Inc	$827	-5.4%	4,895	-10.5%	0.86%	+2.1%
CCI	New	Crown Castle Intl Co	$809	–	8,796	–	0.84%	–
SYY	Buy	Sysco Corporation	$767	-9.4%	11,622	+1.8%	0.80%	-2.1%
GLD	Sell	SPDR Gold Shares ETF	$754	-13.6%	4,402	-10.2%	0.79%	-6.8%
CEF	Buy	Sprott Physical Gold & Silver	$745	-3.2%	43,070	+0.7%	0.78%	+4.6%
CVX	Buy	ChevronTexaco Corp	$637	+19.7%	3,783	+11.8%	0.66%	+29.4%
BSV	Buy	Vanguard Short Term Bond ETF	$464	+13.4%	6,180	+13.9%	0.48%	+22.5%
SHY	Buy	iShares 1-3 Year Treasury	$291	0.0%	3,596	+0.2%	0.30%	+8.2%
KHC	New	Kraft Heinz Company	$266	–	7,915	–	0.28%	–
BIIB	New	Biogen Inc	$249	–	970	–	0.26%	–
ON	Sell	ON Semiconductor	$247	-2.8%	2,665	-0.9%	0.26%	+5.3%
MP	Buy	MP Materials Corp	$205	-3.8%	10,740	+15.0%	0.21%	+3.9%
WM	Exit	Waste Management Inc	$0	–	-1,225	–	-0.20%	–
QCOM	Exit	Qualcomm Inc	$0	–	-2,100	–	-0.24%	–
XLK	Exit	SPDR Technology ETF	$0	–	-1,500	–	-0.25%	–
DIS	Exit	Walt Disney Co	$0	–	-3,510	–	-0.30%	–
TRP	Exit	TC Energy Corp (Transcanada)	$0	–	-15,414	–	-0.60%	–
ABY	Exit	Atlantica Yield	$0	–	-78,730	–	-1.78%	–

Q2 2023

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$6,126	–	104,480	–	5.92%	–
MRK	New	Merck & Co Inc	$5,245	–	45,458	–	5.07%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$4,551	–	172,735	–	4.40%	–
PRIM	New	Primoris Services Co	$3,859	–	126,670	–	3.73%	–
TSM	New	Taiwan Semiconductor	$3,848	–	38,137	–	3.72%	–
ABT	New	Abbott Laboratories	$3,345	–	30,685	–	3.23%	–
PAGP	New	Plains Group Hldgs LP	$3,240	–	218,490	–	3.13%	–
BDX	New	Becton Dickinson & Co	$3,136	–	11,879	–	3.03%	–
	New	Market Vectors Gold Miner ETF	$3,066	–	101,842	–	2.96%	–
KMI	New	Kinder Morgan Inc	$3,053	–	177,350	–	2.95%	–
AAPL	New	Apple Inc	$2,852	–	14,704	–	2.76%	–
MDT	New	Medtronic Inc	$2,690	–	30,540	–	2.60%	–
MSFT	New	Microsoft Corp	$2,576	–	7,565	–	2.49%	–
PEP	New	Pepsico Inc	$2,414	–	13,035	–	2.33%	–
JNJ	New	Johnson & Johnson	$2,339	–	14,134	–	2.26%	–
GOOGL	New	Alphabet Inc Cl A	$2,217	–	18,525	–	2.14%	–
AMZN	New	Amazon.com Inc	$2,187	–	16,779	–	2.11%	–
VCSH	New	Vanguard Short-Term Corp	$2,070	–	27,367	–	2.00%	–
PHYS	New	Sprott Physical Gold ETV	$1,950	–	130,747	–	1.88%	–
PBA	New	Pembina Pipeline Corp	$1,930	–	61,407	–	1.86%	–
QSR	New	Restaurant Brands	$1,856	–	23,955	–	1.79%	–
ABY	New	Atlantica Yield	$1,845	–	78,730	–	1.78%	–
JPM	New	JPMorgan Chase & Co	$1,806	–	12,424	–	1.74%	–
PXD	New	Pioneer Natural Res	$1,788	–	8,635	–	1.73%	–
IGSB	New	iShares Short Term Corporate Bond	$1,617	–	32,250	–	1.56%	–
SGOL	New	Aberdeen Phys Swiss Gold	$1,605	–	87,425	–	1.55%	–
CSCO	New	Cisco Systems Inc	$1,566	–	30,278	–	1.51%	–
MS	New	Morgan Stanley	$1,513	–	17,721	–	1.46%	–
	New	Jacobs Solutions Inc	$1,451	–	12,205	–	1.40%	–
FDX	New	FedEx Corporation	$1,367	–	5,515	–	1.32%	–
SYK	New	Stryker Corp	$1,357	–	4,450	–	1.31%	–
ENB	New	Enbridge Inc	$1,341	–	36,100	–	1.30%	–
KO	New	Coca Cola Company	$1,242	–	20,634	–	1.20%	–
MDLZ	New	Mondelez International	$1,226	–	16,816	–	1.18%	–
PWR	New	Quanta Services Inc	$1,137	–	5,788	–	1.10%	–
XLC	New	Communications Services ETF	$1,086	–	16,689	–	1.05%	–
UNP	New	Union Pacific Corp	$1,055	–	5,159	–	1.02%	–
LH	New	Lab Corp. of America	$1,048	–	4,344	–	1.01%	–
GOLD	New	Barrick Gold Corp	$1,000	–	59,125	–	0.97%	–
NOC	New	Northrop Grumman Co	$972	–	2,134	–	0.94%	–
ITA	New	iShares US Aerospace & Defense	$890	–	7,630	–	0.86%	–
GTLS	New	Chart Industries Inc	$874	–	5,470	–	0.84%	–
GLD	New	SPDR Gold Shares ETF	$873	–	4,902	–	0.84%	–
SYY	New	Sysco Corporation	$847	–	11,422	–	0.82%	–
CEF	New	Sprott Physical Gold & Silver	$770	–	42,770	–	0.74%	–
RGLD	New	Royal Gold Inc.	$747	–	6,510	–	0.72%	–
CB	New	Chubb Ltd	$657	–	3,415	–	0.64%	–
TRP	New	TC Energy Corp (Transcanada)	$622	–	15,414	–	0.60%	–
ECL	New	Ecolab Inc.	$555	–	2,975	–	0.54%	–
CVX	New	ChevronTexaco Corp	$532	–	3,383	–	0.51%	–
ZBH	New	Zimmer Holdings Inc	$527	–	3,625	–	0.51%	–
BSV	New	Vanguard Short Term Bond ETF	$409	–	5,424	–	0.40%	–
AEM	New	Agnico Eagle Mines	$387	–	7,750	–	0.37%	–
NEM	New	Newmont Mining Corp	$351	–	8,250	–	0.34%	–
PFE	New	Pfizer Incorporated	$332	–	9,066	–	0.32%	–
ASA	New	ASA Limited	$319	–	21,477	–	0.31%	–
DIS	New	Walt Disney Co	$313	–	3,510	–	0.30%	–
SHY	New	iShares 1-3 Year Treasury	$291	–	3,589	–	0.28%	–
WMT	New	Wal-Mart Stores Inc	$289	–	1,840	–	0.28%	–
MRVL	New	Marvell Tech Group	$280	–	4,700	–	0.27%	–
PLD	New	Prologis Inc.	$275	–	2,245	–	0.27%	–
XLK	New	SPDR Technology ETF	$260	–	1,500	–	0.25%	–
XOM	New	Exxon Mobil Corp	$257	–	2,400	–	0.25%	–
ON	New	ON Semiconductor	$254	–	2,690	–	0.24%	–
GOOG	New	Alphabet Inc Cl C	$251	–	2,075	–	0.24%	–
QCOM	New	Qualcomm Inc	$249	–	2,100	–	0.24%	–
MP	New	MP Materials Corp	$213	–	9,340	–	0.21%	–
WM	New	Waste Management Inc	$212	–	1,225	–	0.20%	–
IGR	New	CBRE Clarion Global Real Estate	$83	–	16,000	–	0.08%	–

Q4 2022

			Value		Shares		↓ Weighting
SHY	Exit	iShares 1-3 Year Treasury	$0	–	-2,580	–	-0.19%	–
BEP	Exit	Brookfield Renewable Energy LPut ltd ptnr	$0	–	-6,738	–	-0.19%	–
	Exit	Prologis Inc.	$0	–	-2,245	–	-0.20%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-2,650	–	-0.21%	–
PFE	Exit	Pfizer Incorporated	$0	–	-5,338	–	-0.21%	–
GOOG	Exit	Alphabet Inc Cl C	$0	–	-2,525	–	-0.22%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-1,990	–	-0.23%	–
BAX	Exit	Baxter International Inc	$0	–	-5,200	–	-0.25%	–
ASA	Exit	ASA Limited	$0	–	-22,477	–	-0.25%	–
	Exit	Bristol-Myers Squibb Co	$0	–	-4,425	–	-0.28%	–
AEM	Exit	Agnico Eagle Mines	$0	–	-8,050	–	-0.30%	–
	Exit	Healthcare Realty	$0	–	-16,313	–	-0.31%	–
DIS	Exit	Walt Disney Co	$0	–	-3,909	–	-0.33%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,124	–	-0.35%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,975	–	-0.39%	–
GOLD	Exit	Barrick Gold Corp	$0	–	-27,900	–	-0.39%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-3,383	–	-0.44%	–
RGLD	Exit	Royal Gold Inc.	$0	–	-6,510	–	-0.55%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-5,875	–	-0.55%	–
TRP	Exit	TC Energy Corp (Transcanada)	$0	–	-15,414	–	-0.56%	–
CEF	Exit	Sprott Physical Gold & Silver	$0	–	-43,770	–	-0.61%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-9,177	–	-0.62%	–
SYY	Exit	Sysco Corporation	$0	–	-11,422	–	-0.73%	–
XLC	Exit	Communications Services ETF	$0	–	-17,145	–	-0.74%	–
PWR	Exit	Quanta Services Inc	$0	–	-6,774	–	-0.78%	–
ARE	Exit	Alexandria Real Estate	$0	–	-6,345	–	-0.80%	–
LH	Exit	Lab Corp. of America	$0	–	-4,344	–	-0.80%	–
SPDN	Exit	Drxn Daily S&P500 Inverse ETF	$0	–	-50,901	–	-0.82%	–
BKLN	Exit	Invesco Senior Loan ETF	$0	–	-45,628	–	-0.83%	–
MDLZ	Exit	Mondelez International	$0	–	-16,991	–	-0.84%	–
NEM	Exit	Newmont Mining Corp	$0	–	-22,840	–	-0.86%	–
ABB	Exit	ABB Ltd	$0	–	-38,765	–	-0.89%	–
SYK	Exit	Stryker Corp	$0	–	-4,985	–	-0.91%	–
FDX	Exit	FedEx Corporation	$0	–	-6,950	–	-0.93%	–
KO	Exit	Coca Cola Company	$0	–	-20,659	–	-1.04%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-8,002	–	-1.11%	–
NOC	Exit	Northrop Grumman Co	$0	–	-2,719	–	-1.15%	–
ENB	Exit	Enbridge Inc	$0	–	-36,100	–	-1.20%	–
UNP	Exit	Union Pacific Corp	$0	–	-6,934	–	-1.21%	–
SGOL	Exit	Aberdeen Phys Swiss Gold	$0	–	-87,425	–	-1.25%	–
MS	Exit	Morgan Stanley	$0	–	-17,721	–	-1.26%	–
IGSB	Exit	iShares Short Term Corporate Bond	$0	–	-29,545	–	-1.31%	–
QSR	Exit	Restaurant Brands	$0	–	-28,680	–	-1.37%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-21,485	–	-1.43%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-16,151	–	-1.52%	–
GOOGL	Exit	Alphabet Inc Cl A	$0	–	-20,380	–	-1.75%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-165,847	–	-1.91%	–
PXD	Exit	Pioneer Natural Res	$0	–	-9,960	–	-1.94%	–
AAPL	Exit	Apple Inc	$0	–	-16,024	–	-1.99%	–
PEP	Exit	Pepsico Inc	$0	–	-13,712	–	-2.01%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-74,807	–	-2.04%	–
ABY	Exit	Atlantica Yield	$0	–	-87,592	–	-2.07%	–
JNJ	Exit	Johnson & Johnson	$0	–	-14,134	–	-2.08%	–
AMZN	Exit	Amazon.com Inc	$0	–	-20,584	–	-2.09%	–
SWX	Exit	Southwest Gas Holdings I	$0	–	-34,620	–	-2.17%	–
PAGP	Exit	Plains GP Hldgs L P	$0	–	-230,415	–	-2.26%	–
TSM	Exit	Taiwan Semiconductor	$0	–	-38,726	–	-2.39%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-11,979	–	-2.40%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-111,435	–	-2.42%	–
MDT	Exit	Medtronic Inc	$0	–	-33,437	–	-2.43%	–
MDU	Exit	MDU Resources Group	$0	–	-100,586	–	-2.47%	–
PRIM	Exit	Primoris Services Co	$0	–	-186,250	–	-2.72%	–
MSFT	Exit	Microsoft Corp	$0	–	-13,468	–	-2.82%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-204,698	–	-3.06%	–
QCOM	Exit	Qualcomm Inc	$0	–	-30,467	–	-3.10%	–
ABT	Exit	Abbott Laboratories	$0	–	-37,215	–	-3.24%	–
RWM	Exit	Proshares Short Russell	$0	–	-151,400	–	-3.59%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-197,735	–	-4.23%	–
MRK	Exit	Merck & Co Inc	$0	–	-55,908	–	-4.33%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-109,357	–	-7.11%	–

Q3 2022

			Value		Shares		↓ Weighting
NEP	Buy	Nextera Era Energy Partners	$7,907,000	-2.1%	109,357	+0.4%	7.11%	+6.0%
MRK	Buy	Merck & Co Inc	$4,814,000	-3.9%	55,908	+1.8%	4.33%	+4.0%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$4,702,000	-0.4%	197,735	+2.1%	4.23%	+7.8%
RWM	New	Proshares Short Russell	$3,990,000	–	151,400	–	3.59%	–
ABT	Buy	Abbott Laboratories	$3,600,000	-9.9%	37,215	+1.2%	3.24%	-2.5%
QCOM	Buy	Qualcomm Inc	$3,442,000	-10.9%	30,467	+0.7%	3.10%	-3.6%
KMI	Buy	Kinder Morgan Inc	$3,406,000	+13.3%	204,698	+14.1%	3.06%	+22.6%
MSFT	Buy	Microsoft Corp	$3,136,000	+1.7%	13,468	+12.1%	2.82%	+10.0%
PRIM	Buy	Primoris Services Co	$3,026,000	+9.0%	186,250	+46.0%	2.72%	+18.0%
MDU	Buy	MDU Resources Group	$2,751,000	+5.0%	100,586	+3.6%	2.47%	+13.6%
MDT	Buy	Medtronic Inc	$2,700,000	-9.9%	33,437	+0.1%	2.43%	-2.5%
	Buy	Market Vectors Gold Miner ETF	$2,687,000	-0.7%	111,435	+12.7%	2.42%	+7.4%
BDX	Buy	Becton Dickinson & Co	$2,669,000	-1.4%	11,979	+9.0%	2.40%	+6.7%
TSM	Buy	Taiwan Semiconductor	$2,655,000	+12.2%	38,726	+33.8%	2.39%	+21.4%
PAGP	Buy	Plains GP Hldgs L P	$2,513,000	+50.7%	230,415	+42.5%	2.26%	+63.0%
SWX	Buy	Southwest Gas Holdings I	$2,414,000	+414.7%	34,620	+541.7%	2.17%	+456.4%
AMZN	Buy	Amazon.com Inc	$2,325,000	+15.6%	20,584	+8.7%	2.09%	+25.0%
JNJ	Buy	Johnson & Johnson	$2,308,000	-1.4%	14,134	+7.2%	2.08%	+6.7%
ABY	Sell	Atlantica Yield	$2,303,000	-18.5%	87,592	-0.0%	2.07%	-11.8%
PBA	Buy	Pembina Pipeline Corp	$2,271,000	-12.6%	74,807	+1.7%	2.04%	-5.5%
PEP	Buy	Pepsico Inc	$2,238,000	+4.6%	13,712	+6.8%	2.01%	+13.2%
AAPL	Buy	Apple Inc	$2,214,000	+4.8%	16,024	+3.7%	1.99%	+13.4%
PXD	New	Pioneer Natural Res	$2,156,000	–	9,960	–	1.94%	–
PHYS	Buy	Sprott Physical Gold ETV	$2,122,000	-5.3%	165,847	+4.9%	1.91%	+2.5%
GOOGL	Buy	Alphabet Inc Cl A	$1,949,000	-13.2%	20,380	+1876.7%	1.75%	-6.1%
JPM	Buy	J. P. Morgan Chase & Co.	$1,687,000	-2.9%	16,151	+4.7%	1.52%	+5.1%
VCSH	Buy	Vanguard Short-Term Corp	$1,595,000	+1.3%	21,485	+4.0%	1.43%	+9.5%
QSR	Sell	Restaurant Brands	$1,525,000	-7.5%	28,680	-12.8%	1.37%	+0.1%
IGSB	Buy	iShares Short Term Corporate Bond	$1,455,000	+2.0%	29,545	+4.6%	1.31%	+10.3%
MS	Sell	Morgan Stanley	$1,400,000	-53.5%	17,721	-55.2%	1.26%	-49.6%
SGOL	Buy	Aberdeen Phys Swiss Gold	$1,391,000	-4.4%	87,425	+4.1%	1.25%	+3.5%
UNP	Buy	Union Pacific Corp	$1,350,000	-4.5%	6,934	+4.5%	1.21%	+3.3%
ENB	Sell	Enbridge Inc	$1,339,000	-12.2%	36,100	-0.0%	1.20%	-5.0%
NOC	Sell	Northrop Grumman Co	$1,278,000	-34.3%	2,719	-33.2%	1.15%	-28.9%
GLD	Buy	SPDR Gold Shares ETF	$1,237,000	-6.2%	8,002	+2.1%	1.11%	+1.5%
KO	Buy	Coca Cola Company	$1,157,000	-8.8%	20,659	+2.5%	1.04%	-1.3%
FDX	Sell	FedEx Corporation	$1,031,000	-48.1%	6,950	-20.7%	0.93%	-43.8%
SYK	Buy	Stryker Corp	$1,009,000	+10.6%	4,985	+8.7%	0.91%	+19.7%
ABB	Buy	ABB Ltd	$994,000	+66.8%	38,765	+73.7%	0.89%	+80.6%
NEM	Buy	Newmont Mining Corp	$959,000	-28.5%	22,840	+1.5%	0.86%	-22.7%
MDLZ	Sell	Mondelez International	$931,000	-13.0%	16,991	-1.5%	0.84%	-5.8%
BKLN	Sell	Invesco Senior Loan ETF	$921,000	-0.5%	45,628	-0.2%	0.83%	+7.7%
SPDN	New	Drxn Daily S&P500 Inverse ETF	$910,000	–	50,901	–	0.82%	–
ARE	Sell	Alexandria Real Estate	$889,000	-4.8%	6,345	-1.6%	0.80%	+3.0%
LH	Sell	Lab Corp. of America	$889,000	-12.7%	4,344	-0.0%	0.80%	-5.6%
PWR	Buy	Quanta Services Inc	$862,000	+7.9%	6,774	+6.3%	0.78%	+16.7%
XLC	Sell	Communications Services ETF	$821,000	-20.7%	17,145	-10.2%	0.74%	-14.2%
SYY	Buy	Sysco Corporation	$807,000	-10.2%	11,422	+7.5%	0.73%	-2.8%
BSV	Sell	Vanguard Short Term Bond ETF	$686,000	-18.5%	9,177	-16.4%	0.62%	-11.9%
CEF	Sell	Sprott Physical Gold & Silver	$681,000	-23.2%	43,770	-17.1%	0.61%	-17.0%
TRP	Buy	TC Energy Corp (Transcanada)	$621,000	-16.8%	15,414	+6.9%	0.56%	-10.0%
ZBH	Sell	Zimmer Holdings Inc	$614,000	-2.1%	5,875	-1.7%	0.55%	+6.0%
RGLD	New	Royal Gold Inc.	$610,000	–	6,510	–	0.55%	–
CVX	Buy	ChevronTexaco Corp.	$486,000	+7.3%	3,383	+8.0%	0.44%	+16.2%
GOLD	Sell	Barrick Gold Corp	$432,000	-31.1%	27,900	-21.4%	0.39%	-25.5%
PG	Buy	Procter & Gamble Co	$394,000	-3.0%	3,124	+10.6%	0.35%	+5.0%
DIS	Buy	Walt Disney Co	$368,000	+24.3%	3,909	+24.3%	0.33%	+34.6%
	New	Healthcare Realty	$340,000	–	16,313	–	0.31%	–
AEM	New	Agnico Eagle Mines	$339,000	–	8,050	–	0.30%	–
	Buy	Bristol-Myers Squibb Co	$314,000	+9.8%	4,425	+18.9%	0.28%	+18.5%
ASA	Sell	ASA Limited	$281,000	-82.4%	22,477	-79.3%	0.25%	-80.9%
BAX	Buy	Baxter International Inc	$280,000	+28.4%	5,200	+52.9%	0.25%	+39.2%
GOOG	New	Alphabet Inc Cl C	$242,000	–	2,525	–	0.22%	–
XOM	New	Exxon Mobil Corp	$231,000	–	2,650	–	0.21%	–
	New	Prologis Inc.	$228,000	–	2,245	–	0.20%	–
SHY	New	iShares 1-3 Year Treasury	$209,000	–	2,580	–	0.19%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-411	–	-0.18%	–
XLK	Exit	SPDR Technology ETF	$0	–	-1,750	–	-0.18%	–
VZ	Exit	Verizon Communications	$0	–	-5,020	–	-0.21%	–
CWI	Exit	SPDR MSCI All World Ex-US ETF	$0	–	-16,883	–	-0.33%	–
UGI	Exit	UGI Corporation	$0	–	-11,000	–	-0.35%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-16,313	–	-0.38%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-12,875	–	-0.40%	–
ST	Exit	Sensata Technologies NV	$0	–	-13,010	–	-0.45%	–
CBOE	Exit	CBOE Global Mkts Inc	$0	–	-6,440	–	-0.60%	–
MU	Exit	Micron Technology	$0	–	-13,890	–	-0.64%	–
ABM	Exit	ABM Industries Inc	$0	–	-20,755	–	-0.75%	–
CI	Exit	Cigna Corp	$0	–	-9,436	–	-2.07%	–
	Exit	Intel Corp.	$0	–	-68,305	–	-2.12%	–
TBF	Exit	Proshares Short 20 Yr Treasury	$0	–	-165,250	–	-2.75%	–

Q2 2022

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$8,073,000	–	108,872	–	6.71%	–
MRK	New	Merck & Co Inc	$5,007,000	–	54,923	–	4.16%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$4,721,000	–	193,735	–	3.92%	–
ABT	New	Abbott Laboratories	$3,994,000	–	36,765	–	3.32%	–
QCOM	New	Qualcomm Inc	$3,864,000	–	30,253	–	3.21%	–
TBF	New	Proshares Short 20 Yr Treasury	$3,313,000	–	165,250	–	2.75%	–
MSFT	New	Microsoft Corp	$3,084,000	–	12,010	–	2.56%	–
MS	New	Morgan Stanley	$3,008,000	–	39,560	–	2.50%	–
KMI	New	Kinder Morgan Inc	$3,005,000	–	179,335	–	2.50%	–
MDT	New	Medtronic Inc	$2,998,000	–	33,412	–	2.49%	–
ABY	New	Atlantica Yield	$2,825,000	–	87,593	–	2.35%	–
PRIM	New	Primoris Services Co	$2,775,000	–	127,550	–	2.31%	–
BDX	New	Becton Dickinson & Co	$2,708,000	–	10,985	–	2.25%	–
	New	Market Vectors Gold Miner ETF	$2,706,000	–	98,856	–	2.25%	–
MDU	New	MDU Resources Group	$2,620,000	–	97,086	–	2.18%	–
PBA	New	Pembina Pipeline Corp	$2,599,000	–	73,535	–	2.16%	–
	New	Intel Corp.	$2,555,000	–	68,305	–	2.12%	–
CI	New	Cigna Corp	$2,486,000	–	9,436	–	2.07%	–
TSM	New	Taiwan Semiconductor	$2,366,000	–	28,943	–	1.97%	–
JNJ	New	Johnson & Johnson	$2,340,000	–	13,185	–	1.94%	–
GOOGL	New	Alphabet Inc	$2,246,000	–	1,031	–	1.87%	–
PHYS	New	Sprott Physical Gold ETV	$2,240,000	–	158,039	–	1.86%	–
PEP	New	Pepsico Inc	$2,139,000	–	12,838	–	1.78%	–
AAPL	New	Apple Inc	$2,113,000	–	15,455	–	1.76%	–
AMZN	New	Amazon.com Inc	$2,012,000	–	18,945	–	1.67%	–
FDX	New	FedEx Corporation	$1,985,000	–	8,760	–	1.65%	–
NOC	New	Northrop Grumman Co	$1,946,000	–	4,068	–	1.62%	–
JPM	New	J. P. Morgan Chase & Co.	$1,737,000	–	15,425	–	1.44%	–
PAGP	New	Plains GP Hldgs L P	$1,668,000	–	161,650	–	1.39%	–
QSR	New	Restaurant Brands	$1,648,000	–	32,880	–	1.37%	–
ASA	New	ASA Limited	$1,595,000	–	108,754	–	1.32%	–
VCSH	New	Vanguard Short-Term Corp	$1,575,000	–	20,660	–	1.31%	–
ENB	New	Enbridge Inc	$1,525,000	–	36,101	–	1.27%	–
SGOL	New	Aberdeen Phys Swiss Gold	$1,455,000	–	83,975	–	1.21%	–
IGSB	New	iShares Short Term Corporate Bond	$1,427,000	–	28,245	–	1.19%	–
UNP	New	Union Pacific Corp	$1,414,000	–	6,634	–	1.18%	–
NEM	New	Newmont Mining Corp	$1,342,000	–	22,495	–	1.12%	–
GLD	New	SPDR Gold Shares ETF	$1,319,000	–	7,835	–	1.10%	–
KO	New	Coca Cola Company	$1,268,000	–	20,159	–	1.05%	–
MDLZ	New	Mondelez International	$1,070,000	–	17,241	–	0.89%	–
XLC	New	Communications Services ETF	$1,035,000	–	19,085	–	0.86%	–
LH	New	Lab Corp. of America	$1,018,000	–	4,345	–	0.85%	–
ARE	New	Alexandria Real Estate	$934,000	–	6,445	–	0.78%	–
BKLN	New	Invesco Senior Loan ETF	$926,000	–	45,727	–	0.77%	–
SYK	New	Stryker Corp	$912,000	–	4,585	–	0.76%	–
ABM	New	ABM Industries Inc	$901,000	–	20,755	–	0.75%	–
SYY	New	Sysco Corporation	$899,000	–	10,623	–	0.75%	–
CEF	New	Sprott Physical Gold & Silver	$887,000	–	52,770	–	0.74%	–
BSV	New	Vanguard Short Term Bond ETF	$842,000	–	10,977	–	0.70%	–
PWR	New	Quanta Services Inc	$799,000	–	6,375	–	0.66%	–
MU	New	Micron Technology	$767,000	–	13,890	–	0.64%	–
TRP	New	TC Energy Corp (Transcanada)	$746,000	–	14,415	–	0.62%	–
CBOE	New	CBOE Global Mkts Inc	$728,000	–	6,440	–	0.60%	–
ZBH	New	Zimmer Holdings Inc	$627,000	–	5,975	–	0.52%	–
GOLD	New	Barrick Gold Corp	$627,000	–	35,500	–	0.52%	–
ABB	New	ABB Ltd	$596,000	–	22,315	–	0.50%	–
ST	New	Sensata Technologies NV	$537,000	–	13,010	–	0.45%	–
WBA	New	Walgreens Boots Alliance	$487,000	–	12,875	–	0.40%	–
SWX	New	Southwest Gas Holdings I	$469,000	–	5,395	–	0.39%	–
ECL	New	Ecolab Inc.	$457,000	–	2,975	–	0.38%	–
HTA	New	Hlthcare Tr Of Amer	$455,000	–	16,313	–	0.38%	–
CVX	New	ChevronTexaco Corp.	$453,000	–	3,133	–	0.38%	–
UGI	New	UGI Corporation	$424,000	–	11,000	–	0.35%	–
PG	New	Procter & Gamble Co	$406,000	–	2,825	–	0.34%	–
CWI	New	SPDR MSCI All World Ex-US ETF	$401,000	–	16,883	–	0.33%	–
DIS	New	Walt Disney Co	$296,000	–	3,145	–	0.25%	–
	New	Bristol-Myers Squibb Co	$286,000	–	3,722	–	0.24%	–
PFE	New	Pfizer Incorporated	$279,000	–	5,338	–	0.23%	–
VZ	New	Verizon Communications	$254,000	–	5,020	–	0.21%	–
WMT	New	Wal-Mart Stores Inc	$241,000	–	1,990	–	0.20%	–
BEP	New	Brookfield Renewable Energy LPut ltd ptnr	$234,000	–	6,738	–	0.19%	–
XLK	New	SPDR Technology ETF	$222,000	–	1,750	–	0.18%	–
BAX	New	Baxter International Inc	$218,000	–	3,400	–	0.18%	–
UNH	New	Unitedhealth Group Inc	$211,000	–	411	–	0.18%	–

Q4 2021

			Value		Shares		↓ Weighting
KMI	Exit	Kinder Morgan Inc	$0	–	-11,475	–	-0.12%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-3,500	–	-0.13%	–
	Exit	Bristol-Myers Squibb Co	$0	–	-3,713	–	-0.14%	–
BEP	Exit	Brookfield Renewable Energy LP	$0	–	-5,938	–	-0.14%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-1,590	–	-0.14%	–
WFCPRL	Exit	Wells Fargo 7.50 cv pfd	$0	–	-149	–	-0.14%	–
CQQQ	Exit	Invesco China Technology	$0	–	-3,415	–	-0.14%	–
LAMR	Exit	Lamar Advertising	$0	–	-2,050	–	-0.15%	–
BAC	Exit	Bank of America Corp	$0	–	-5,902	–	-0.16%	–
MINT	Exit	Pimco Enhanced Short Maturity	$0	–	-2,580	–	-0.17%	–
IJH	Exit	iShares Core S&P Mid Cap	$0	–	-1,128	–	-0.19%	–
XLK	Exit	SPDR Technology ETF	$0	–	-2,000	–	-0.19%	–
PFE	Exit	Pfizer Incorporated	$0	–	-6,931	–	-0.19%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-1,210	–	-0.19%	–
PNW	Exit	Pinnacle West Capital Cp	$0	–	-4,230	–	-0.20%	–
BERY	Exit	Berry Global Group	$0	–	-5,175	–	-0.20%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-4,620	–	-0.23%	–
WM	Exit	Waste Management Inc	$0	–	-2,525	–	-0.24%	–
ILMN	Exit	Illumina Inc	$0	–	-967	–	-0.26%	–
PG	Exit	Procter & Gamble Co	$0	–	-2,975	–	-0.27%	–
PFF	Exit	iShares U.S. Preferred	$0	–	-11,675	–	-0.29%	–
VZ	Exit	Verizon Communications	$0	–	-8,410	–	-0.30%	–
CONE	Exit	CyrusOne Inc	$0	–	-6,335	–	-0.32%	–
IBM	Exit	International Business Machines	$0	–	-3,551	–	-0.32%	–
CWI	Exit	SPDR MSCI All World Ex-US ETF	$0	–	-17,475	–	-0.33%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-19,813	–	-0.38%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,975	–	-0.40%	–
SWX	Exit	Southwest Gas Holdings I	$0	–	-9,320	–	-0.40%	–
IVV	Exit	iShares Core S&P	$0	–	-1,500	–	-0.42%	–
CVS	Exit	CVS Health Corp	$0	–	-7,750	–	-0.43%	–
GOLD	Exit	Barrick Gold Corp	$0	–	-39,900	–	-0.47%	–
YOLO	Exit	Advisorshrs Pure Cannabis	$0	–	-45,500	–	-0.49%	–
TRP	Exit	TC Energy Corp (Transcanada)	$0	–	-17,640	–	-0.55%	–
CBOE	Exit	CBOE Global Mkts Inc	$0	–	-7,040	–	-0.57%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-6,217	–	-0.59%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-9,138	–	-0.60%	–
SYY	Exit	Sysco Corporation	$0	–	-12,025	–	-0.61%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-20,750	–	-0.63%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-12,251	–	-0.65%	–
CEF	Exit	Sprott Physical Gold & Silver	$0	–	-59,120	–	-0.66%	–
JPST	Exit	JPMorgan Ultra Short Bond	$0	–	-20,100	–	-0.66%	–
NEM	Exit	Newmont Mining Corp	$0	–	-19,865	–	-0.70%	–
UGI	Exit	UGI Corporation	$0	–	-25,450	–	-0.70%	–
MDLZ	Exit	Mondelez International	$0	–	-20,261	–	-0.76%	–
MU	Exit	Micron Technology	$0	–	-16,755	–	-0.77%	–
BKLN	Exit	Invesco Senior Loan ETF	$0	–	-54,525	–	-0.78%	–
ABM	Exit	ABM Industries Inc	$0	–	-28,780	–	-0.84%	–
SYK	Exit	Stryker Corp	$0	–	-4,985	–	-0.85%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-8,285	–	-0.88%	–
LH	Exit	Lab Corp. of America	$0	–	-4,845	–	-0.88%	–
FDX	Exit	FedEx Corporation	$0	–	-6,350	–	-0.90%	–
NOC	Exit	Northrop Grumman Co	$0	–	-3,894	–	-0.91%	–
ARE	Exit	Alexandria Real Estate	$0	–	-7,380	–	-0.92%	–
UNP	Exit	Union Pacific Corp	$0	–	-7,745	–	-0.99%	–
SGOL	Exit	Aberdeen Phys Swiss Gold	$0	–	-90,775	–	-0.99%	–
MMM	Exit	3M Co	$0	–	-8,870	–	-1.01%	–
IGSB	Exit	iShares Short Term Corporate Bond	$0	–	-30,070	–	-1.07%	–
ENB	Exit	Enbridge Inc	$0	–	-42,014	–	-1.09%	–
AMZN	Exit	Amazon.com Inc	$0	–	-543	–	-1.16%	–
XLC	Exit	Communications Services ETF	$0	–	-22,281	–	-1.16%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-22,644	–	-1.21%	–
QSR	Exit	Restaurant Brands	$0	–	-31,535	–	-1.25%	–
PRIM	Exit	Primoris Services Co	$0	–	-80,075	–	-1.27%	–
CI	Exit	Cigna Corp	$0	–	-10,136	–	-1.32%	–
FE	Exit	Firstenergy Corp	$0	–	-57,130	–	-1.32%	–
PEP	Exit	Pepsico Inc	$0	–	-14,205	–	-1.39%	–
GOOGL	Exit	Alphabet Inc	$0	–	-822	–	-1.43%	–
ASA	Exit	ASA Limited	$0	–	-121,017	–	-1.48%	–
JNJ	Exit	Johnson & Johnson	$0	–	-14,389	–	-1.51%	–
AAPL	Exit	Apple Inc	$0	–	-16,890	–	-1.55%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-174,322	–	-1.56%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-84,596	–	-1.74%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-17,955	–	-1.91%	–
KO	Exit	Coca Cola Company	$0	–	-58,189	–	-1.98%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-12,438	–	-1.98%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-105,550	–	-2.02%	–
MDU	Exit	MDU Resources Group	$0	–	-106,385	–	-2.05%	–
HTGC	Exit	Hercules Capital Inc	$0	–	-191,450	–	-2.06%	–
PWR	Exit	Quanta Services Inc	$0	–	-28,005	–	-2.07%	–
ABY	Exit	Atlantica Yield	$0	–	-103,025	–	-2.31%	–
TSM	Exit	Taiwan Semiconductor	$0	–	-32,360	–	-2.34%	–
MRK	Exit	Merck & Co Inc	$0	–	-48,693	–	-2.38%	–
MSFT	Exit	Microsoft Corp	$0	–	-13,165	–	-2.41%	–
TSN	Exit	Tyson Foods Inc	$0	–	-48,375	–	-2.48%	–
QCOM	Exit	Qualcomm Inc	$0	–	-29,790	–	-2.50%	–
TBF	Exit	Proshares Short 20 Yr Treasury	$0	–	-234,800	–	-2.54%	–
MDT	Exit	Medtronic Inc	$0	–	-33,395	–	-2.72%	–
MS	Exit	Morgan Stanley	$0	–	-43,125	–	-2.72%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-211,375	–	-2.97%	–
ABT	Exit	Abbott Laboratories	$0	–	-39,785	–	-3.05%	–
	Exit	Intel Corp.	$0	–	-89,446	–	-3.09%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-128,940	–	-6.31%	–

Q3 2021

			Value		Shares		↓ Weighting
NEP	Sell	Nextera Era Energy Partners	$9,716,000	-1.7%	128,940	-0.4%	6.31%	+1.0%
	Buy	Intel Corp.	$4,765,000	-4.9%	89,446	+0.2%	3.09%	-2.4%
EPD	Sell	Enterprise Prd Prtnrs Lput ltd ptnr	$4,574,000	-10.9%	211,375	-0.6%	2.97%	-8.4%
MDT	Sell	Medtronic Inc	$4,186,000	+0.6%	33,395	-0.4%	2.72%	+3.3%
TBF	Buy	Proshares Short 20 Yr Treasury	$3,916,000	+9.7%	234,800	+11.0%	2.54%	+12.7%
QCOM	Buy	Qualcomm Inc	$3,842,000	-6.8%	29,790	+3.3%	2.50%	-4.2%
TSN	Sell	Tyson Foods Inc	$3,818,000	+3.4%	48,375	-3.4%	2.48%	+6.2%
MSFT	Sell	Microsoft Corp	$3,711,000	+2.7%	13,165	-1.3%	2.41%	+5.5%
MRK	Sell	Merck & Co Inc	$3,657,000	-3.5%	48,693	-0.1%	2.38%	-0.9%
TSM	Sell	Taiwan Semiconductor	$3,612,000	-10.0%	32,360	-3.1%	2.34%	-7.6%
ABY	Sell	Atlantica Yield	$3,555,000	-7.8%	103,025	-0.5%	2.31%	-5.3%
PWR	Sell	Quanta Services Inc	$3,187,000	+25.5%	28,005	-0.2%	2.07%	+28.8%
HTGC	Sell	Hercules Capital Inc	$3,179,000	-2.8%	191,450	-0.1%	2.06%	-0.1%
MDU	Buy	MDU Resources Group	$3,156,000	-5.2%	106,385	+0.1%	2.05%	-2.6%
	Sell	Market Vectors Gold Miner ETF	$3,110,000	-17.4%	105,550	-4.8%	2.02%	-15.2%
BDX	Sell	Becton Dickinson & Co	$3,057,000	-0.9%	12,438	-2.0%	1.98%	+1.8%
KO	Sell	Coca Cola Company	$3,053,000	-3.4%	58,189	-0.4%	1.98%	-0.8%
JPM	Sell	J. P. Morgan Chase & Co.	$2,939,000	+5.0%	17,955	-0.2%	1.91%	+7.9%
PBA	Sell	Pembina Pipeline Corp	$2,680,000	-1.2%	84,596	-0.9%	1.74%	+1.5%
AAPL	Sell	Apple Inc	$2,389,000	+2.7%	16,890	-0.6%	1.55%	+5.5%
JNJ	Sell	Johnson & Johnson	$2,323,000	-4.6%	14,389	-2.7%	1.51%	-2.1%
ASA	Sell	ASA Limited	$2,286,000	-19.0%	121,017	-7.5%	1.48%	-16.8%
GOOGL	Sell	Alphabet Inc	$2,197,000	+8.5%	822	-0.8%	1.43%	+11.6%
FE	Sell	Firstenergy Corp	$2,034,000	-4.5%	57,130	-0.2%	1.32%	-1.9%
CI	New	Cigna Corp	$2,028,000	–	10,136	–	1.32%	–
PRIM	New	Primoris Services Co	$1,961,000	–	80,075	–	1.27%	–
QSR	Buy	Restaurant Brands	$1,929,000	+12.7%	31,535	+18.7%	1.25%	+15.8%
VCSH	Sell	Vanguard Short-Term Corp	$1,866,000	-2.0%	22,644	-1.7%	1.21%	+0.7%
AMZN	Buy	Amazon.com Inc	$1,783,000	+3.3%	543	+8.2%	1.16%	+6.1%
XLC	Buy	Communications Services ETF	$1,784,000	-0.9%	22,281	+0.2%	1.16%	+1.8%
ENB	Sell	Enbridge Inc	$1,672,000	-3.8%	42,014	-3.2%	1.09%	-1.2%
MMM	Sell	3M Co	$1,555,000	-11.7%	8,870	-0.1%	1.01%	-9.3%
UNP	Buy	Union Pacific Corp	$1,518,000	-10.4%	7,745	+0.5%	0.99%	-7.9%
ARE	Sell	Alexandria Real Estate	$1,410,000	+4.7%	7,380	-0.3%	0.92%	+7.6%
NOC	Buy	Northrop Grumman Co	$1,402,000	-0.1%	3,894	+0.8%	0.91%	+2.6%
FDX	Buy	FedEx Corporation	$1,392,000	-16.2%	6,350	+14.0%	0.90%	-13.9%
LH	Sell	Lab Corp. of America	$1,363,000	-42.3%	4,845	-43.5%	0.88%	-40.8%
MU	Buy	Micron Technology	$1,189,000	+2.6%	16,755	+22.8%	0.77%	+5.3%
UGI	Sell	UGI Corporation	$1,084,000	-42.7%	25,450	-37.7%	0.70%	-41.1%
NEM	Buy	Newmont Mining Corp	$1,078,000	+5.6%	19,865	+23.3%	0.70%	+8.5%
CEF	Sell	Sprott Physical Gold & Silver	$1,012,000	-9.3%	59,120	-1.1%	0.66%	-6.8%
BSV	Buy	Vanguard Short Term Bond ETF	$1,003,000	-0.3%	12,251	+0.0%	0.65%	+2.4%
WBA	Sell	Walgreens Boots Alliance	$976,000	-53.8%	20,750	-48.4%	0.63%	-52.5%
CBOE	Buy	CBOE Global Mkts Inc	$871,000	+48.1%	7,040	+42.5%	0.57%	+52.2%
YOLO	Buy	Advisorshrs Pure Cannabis	$748,000	-18.7%	45,500	+4.3%	0.49%	-16.5%
GOLD	Buy	Barrick Gold Corp	$720,000	+9.4%	39,900	+25.3%	0.47%	+12.5%
IVV	Sell	iShares Core S&P	$646,000	-16.0%	1,500	-16.2%	0.42%	-13.8%
SWX	New	Southwest Gas Holdings I	$623,000	–	9,320	–	0.40%	–
CWI	New	SPDR MSCI All World Ex-US ETF	$506,000	–	17,475	–	0.33%	–
IBM	Sell	International Business Machines	$493,000	-13.7%	3,551	-8.9%	0.32%	-11.4%
CONE	Sell	CyrusOne Inc	$490,000	+6.5%	6,335	-1.6%	0.32%	+9.3%
VZ	Sell	Verizon Communications	$454,000	-18.1%	8,410	-15.0%	0.30%	-15.7%
CL	Sell	Colgate-Palmolive Co	$349,000	-43.6%	4,620	-39.4%	0.23%	-41.9%
PNW	Sell	Pinnacle West Capital Cp	$306,000	-29.5%	4,230	-20.3%	0.20%	-27.4%
XLK	Sell	SPDR Technology ETF	$298,000	-3.9%	2,000	-4.8%	0.19%	-1.5%
PFE	Sell	Pfizer Incorporated	$298,000	-1.3%	6,931	-10.3%	0.19%	+1.0%
CQQQ	Sell	Invesco China Technology	$224,000	-23.5%	3,415	-2.1%	0.14%	-21.6%
	Buy	Bristol-Myers Squibb Co	$219,000	-11.3%	3,713	+0.1%	0.14%	-9.0%
XOM	Sell	Exxon Mobil Corp	$205,000	-10.9%	3,500	-4.1%	0.13%	-8.3%
KMI	Buy	Kinder Morgan Inc	$191,000	+1.6%	11,475	+10.9%	0.12%	+4.2%
DNP	Exit	DNP Select Income Fund	$0	–	-13,726	–	-0.09%	–
EEM	Exit	iShares Emerging Mkts Index	$0	–	-4,283	–	-0.15%	–
MAIN	Exit	Main Street Capital	$0	–	-6,145	–	-0.16%	–
ATO	Exit	Atmos Energy Corp	$0	–	-3,320	–	-0.20%	–
BABA	Exit	Alibaba Group Holding	$0	–	-4,203	–	-0.60%	–
LMRKN	Exit	Landmark Infrastructure pfd	$0	–	-45,825	–	-0.75%	–

Q2 2021

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$9,884,000	–	129,440	–	6.25%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$5,131,000	–	212,675	–	3.24%	–
	New	Intel Corp.	$5,013,000	–	89,296	–	3.17%	–
ABT	New	Abbott Laboratories	$4,612,000	–	39,785	–	2.92%	–
MDT	New	Medtronic Inc	$4,162,000	–	33,530	–	2.63%	–
QCOM	New	Qualcomm Inc	$4,121,000	–	28,835	–	2.60%	–
TSM	New	Taiwan Semiconductor	$4,013,000	–	33,400	–	2.54%	–
MS	New	Morgan Stanley	$3,954,000	–	43,125	–	2.50%	–
ABY	New	Atlantica Yield	$3,855,000	–	103,575	–	2.44%	–
MRK	New	Merck & Co Inc	$3,791,000	–	48,756	–	2.40%	–
	New	Market Vectors Gold Miner ETF	$3,766,000	–	110,850	–	2.38%	–
TSN	New	Tyson Foods Inc	$3,693,000	–	50,075	–	2.33%	–
MSFT	New	Microsoft Corp	$3,613,000	–	13,340	–	2.28%	–
TBF	New	Proshares Short 20 Yr Treasury	$3,570,000	–	211,500	–	2.26%	–
MDU	New	MDU Resources Group	$3,329,000	–	106,235	–	2.10%	–
HTGC	New	Hercules Capital Inc	$3,269,000	–	191,650	–	2.07%	–
KO	New	Coca Cola Company	$3,159,000	–	58,399	–	2.00%	–
BDX	New	Becton Dickinson & Co	$3,085,000	–	12,688	–	1.95%	–
ASA	New	ASA Limited	$2,823,000	–	130,892	–	1.78%	–
JPM	New	J. P. Morgan Chase & Co.	$2,799,000	–	18,000	–	1.77%	–
PBA	New	Pembina Pipeline Corp	$2,713,000	–	85,396	–	1.72%	–
PWR	New	Quanta Services Inc	$2,540,000	–	28,050	–	1.61%	–
PHYS	New	Sprott Physical Gold ETV	$2,445,000	–	174,322	–	1.55%	–
JNJ	New	Johnson & Johnson	$2,436,000	–	14,789	–	1.54%	–
LH	New	Lab Corp. of America	$2,364,000	–	8,570	–	1.49%	–
AAPL	New	Apple Inc	$2,326,000	–	16,990	–	1.47%	–
FE	New	Firstenergy Corp	$2,129,000	–	57,230	–	1.35%	–
WBA	New	Walgreens Boots Alliance	$2,113,000	–	40,175	–	1.34%	–
PEP	New	Pepsico Inc	$2,104,000	–	14,205	–	1.33%	–
GOOGL	New	Alphabet Inc	$2,024,000	–	829	–	1.28%	–
VCSH	New	Vanguard Short-Term Corp	$1,905,000	–	23,044	–	1.20%	–
UGI	New	UGI Corporation	$1,892,000	–	40,875	–	1.20%	–
XLC	New	Communications Services ETF	$1,801,000	–	22,246	–	1.14%	–
MMM	New	3M Co	$1,762,000	–	8,875	–	1.11%	–
ENB	New	Enbridge Inc	$1,738,000	–	43,424	–	1.10%	–
AMZN	New	Amazon.com Inc	$1,726,000	–	502	–	1.09%	–
QSR	New	Restaurant Brands	$1,711,000	–	26,565	–	1.08%	–
UNP	New	Union Pacific Corp	$1,695,000	–	7,710	–	1.07%	–
FDX	New	FedEx Corporation	$1,661,000	–	5,570	–	1.05%	–
IGSB	New	iShares Short Term Corporate Bond	$1,648,000	–	30,070	–	1.04%	–
SGOL	New	Aberdeen Phys Swiss Gold	$1,542,000	–	90,775	–	0.98%	–
NOC	New	Northrop Grumman Co	$1,404,000	–	3,864	–	0.89%	–
GLD	New	SPDR Gold Shares ETF	$1,372,000	–	8,285	–	0.87%	–
ARE	New	Alexandria Real Estate	$1,347,000	–	7,405	–	0.85%	–
SYK	New	Stryker Corp	$1,294,000	–	4,985	–	0.82%	–
ABM	New	ABM Industries Inc	$1,276,000	–	28,780	–	0.81%	–
MDLZ	New	Mondelez International	$1,265,000	–	20,261	–	0.80%	–
BKLN	New	Invesco Senior Loan ETF	$1,207,000	–	54,525	–	0.76%	–
LMRKN	New	Landmark Infrastructure pfd	$1,190,000	–	45,825	–	0.75%	–
MU	New	Micron Technology	$1,159,000	–	13,645	–	0.73%	–
CEF	New	Sprott Physical Gold & Silver	$1,116,000	–	59,795	–	0.70%	–
NEM	New	Newmont Mining Corp	$1,021,000	–	16,115	–	0.64%	–
JPST	New	JPMorgan Ultra Short Bond	$1,019,000	–	20,100	–	0.64%	–
BSV	New	Vanguard Short Term Bond ETF	$1,006,000	–	12,250	–	0.64%	–
ZBH	New	Zimmer Holdings Inc	$999,000	–	6,217	–	0.63%	–
CVX	New	ChevronTexaco Corp.	$957,000	–	9,138	–	0.60%	–
BABA	New	Alibaba Group Holding	$953,000	–	4,203	–	0.60%	–
SYY	New	Sysco Corporation	$934,000	–	12,025	–	0.59%	–
YOLO	New	Advisorshrs Pure Cannabis	$920,000	–	43,625	–	0.58%	–
TRP	New	TC Energy Corp	$873,000	–	17,640	–	0.55%	–
IVV	New	iShares Core S&P	$769,000	–	1,791	–	0.49%	–
GOLD	New	Barrick Gold Corp	$658,000	–	31,850	–	0.42%	–
CVS	New	CVS Health Corp	$646,000	–	7,750	–	0.41%	–
CL	New	Colgate-Palmolive Co	$619,000	–	7,620	–	0.39%	–
ECL	New	Ecolab Inc.	$612,000	–	2,975	–	0.39%	–
CBOE	New	CBOE Global Mkts Inc	$588,000	–	4,940	–	0.37%	–
IBM	New	International Business Machines	$571,000	–	3,898	–	0.36%	–
VZ	New	Verizon Communications	$554,000	–	9,890	–	0.35%	–
HTA	New	Hlthcare Tr Of Amer	$529,000	–	19,813	–	0.33%	–
CONE	New	CyrusOne Inc	$460,000	–	6,440	–	0.29%	–
PFF	New	iShares U.S. Preferred	$459,000	–	11,675	–	0.29%	–
ILMN	New	Illumina Inc	$457,000	–	967	–	0.29%	–
PNW	New	Pinnacle West Capital Cp	$434,000	–	5,305	–	0.27%	–
PG	New	Procter & Gamble Co	$401,000	–	2,975	–	0.25%	–
WM	New	Waste Management Inc	$353,000	–	2,525	–	0.22%	–
BERY	New	Berry Global Group	$337,000	–	5,175	–	0.21%	–
ATO	New	Atmos Energy Corp	$319,000	–	3,320	–	0.20%	–
XLK	New	SPDR Technology ETF	$310,000	–	2,100	–	0.20%	–
IJH	New	iShares Core S&P Mid Cap	$303,000	–	1,128	–	0.19%	–
PFE	New	Pfizer Incorporated	$302,000	–	7,731	–	0.19%	–
VHT	New	Vanguard Health Care ETF	$299,000	–	1,210	–	0.19%	–
CQQQ	New	Invesco China Technology	$293,000	–	3,490	–	0.18%	–
MINT	New	Pimco Enhanced Short Maturity	$263,000	–	2,580	–	0.17%	–
MAIN	New	Main Street Capital	$252,000	–	6,145	–	0.16%	–
	New	Bristol-Myers Squibb Co	$247,000	–	3,710	–	0.16%	–
BAC	New	Bank of America Corp	$243,000	–	5,902	–	0.15%	–
EEM	New	iShares Emerging Mkts Index	$236,000	–	4,283	–	0.15%	–
XOM	New	Exxon Mobil Corp	$230,000	–	3,650	–	0.14%	–
BEP	New	Brookfield Renewable Energy LPut ltd ptnr	$229,000	–	5,938	–	0.14%	–
WFCPRL	New	Wells Fargo 7.50 cv pfd	$227,000	–	149	–	0.14%	–
WMT	New	Wal-Mart Stores Inc	$224,000	–	1,590	–	0.14%	–
LAMR	New	Lamar Advertising	$214,000	–	2,050	–	0.14%	–
KMI	New	Kinder Morgan Inc	$188,000	–	10,350	–	0.12%	–
DNP	New	DNP Select Income Fund	$143,000	–	13,726	–	0.09%	–

Q4 2020

			Value		Shares		↓ Weighting
BEP	Exit	Brookfield Renewable Energy LPut ltd ptnr	$0	–	-3,959	–	-0.17%	–
WMT	Exit	Wal-Mart Stores Inc	$0	–	-1,570	–	-0.18%	–
AMZN	Exit	Amazon.com Inc	$0	–	-70	–	-0.18%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-6,450	–	-0.18%	–
CWEN	Exit	Clearway Energy Inc	$0	–	-8,675	–	-0.19%	–
MKCV	Exit	McCormick & Co Inc	$0	–	-1,250	–	-0.19%	–
XLK	Exit	SPDR Technology ETF	$0	–	-2,100	–	-0.20%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-1,215	–	-0.20%	–
PFE	Exit	Pfizer Incorporated	$0	–	-6,888	–	-0.20%	–
PNW	Exit	Pinnacle West Capital Cp	$0	–	-3,615	–	-0.22%	–
WM	Exit	Waste Management Inc	$0	–	-2,550	–	-0.23%	–
ATO	Exit	Atmos Energy Corp	$0	–	-3,195	–	-0.24%	–
CARR	Exit	Carrier Global Corp	$0	–	-10,500	–	-0.26%	–
CQQQ	Exit	Invesco China Technology	$0	–	-4,800	–	-0.26%	–
MAIN	Exit	Main Street Capital	$0	–	-13,655	–	-0.32%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,075	–	-0.34%	–
CONE	Exit	CyrusOne Inc	$0	–	-6,415	–	-0.36%	–
VZ	Exit	Verizon Communications	$0	–	-8,645	–	-0.41%	–
MINT	Exit	Pimco Enhanced Short Maturity	$0	–	-5,080	–	-0.41%	–
PFF	Exit	iShares U.S. Preferred	$0	–	-14,825	–	-0.43%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-20,863	–	-0.43%	–
YOLO	Exit	Advisorshrs Pure Cannabis	$0	–	-52,325	–	-0.45%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,975	–	-0.48%	–
LMRKN	Exit	Landmark Infrastructure pfd	$0	–	-28,370	–	-0.54%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-9,070	–	-0.56%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-9,928	–	-0.57%	–
TRP	Exit	TC Energy Corp (Transcanada)	$0	–	-17,640	–	-0.59%	–
BABA	Exit	Alibaba Group Holding	$0	–	-2,660	–	-0.62%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-6,335	–	-0.69%	–
SYY	Exit	Sysco Corporation	$0	–	-13,925	–	-0.69%	–
ZTS	Exit	Zoetis Inc	$0	–	-5,860	–	-0.77%	–
SYK	Exit	Stryker Corp	$0	–	-5,010	–	-0.83%	–
ABM	Exit	ABM Industries Inc	$0	–	-29,430	–	-0.86%	–
CEF	Exit	Sprott Physical Gold & Silver	$0	–	-59,545	–	-0.87%	–
NJR	Exit	New Jersey Resources	$0	–	-40,960	–	-0.88%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-13,690	–	-0.91%	–
LDOS	Exit	Leidos Holdings Inc	$0	–	-12,865	–	-0.92%	–
MDLZ	Exit	Mondelez International	$0	–	-20,468	–	-0.94%	–
NOC	Exit	Northrop Grumman Co	$0	–	-3,730	–	-0.94%	–
GOOGL	Exit	Alphabet Inc	$0	–	-841	–	-0.98%	–
IBM	Exit	International Business Machines	$0	–	-10,603	–	-1.03%	–
ENB	Exit	Enbridge Inc	$0	–	-45,371	–	-1.06%	–
XLC	Exit	Communications Services ETF	$0	–	-23,200	–	-1.10%	–
MDU	Exit	MDU Resources Group	$0	–	-62,010	–	-1.12%	–
JPST	Exit	JPMorgan Ultra Short Bond	$0	–	-28,200	–	-1.14%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-8,285	–	-1.17%	–
FDX	Exit	FedEx Corporation	$0	–	-5,900	–	-1.18%	–
LAMR	Exit	Lamar Advertising	$0	–	-23,179	–	-1.22%	–
CRL	Exit	Charles River Labs	$0	–	-7,175	–	-1.30%	–
ARE	Exit	Alexandria Real Estate	$0	–	-10,420	–	-1.33%	–
IGSB	Exit	iShares Short Term Corporate Bond	$0	–	-30,970	–	-1.36%	–
OGS	Exit	One Gas Inc	$0	–	-25,630	–	-1.41%	–
SGOL	Exit	Aberdeen Phys Swiss Gold	$0	–	-99,925	–	-1.45%	–
PWR	Exit	Quanta Services Inc	$0	–	-35,300	–	-1.49%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-88,308	–	-1.50%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-23,243	–	-1.54%	–
AAPL	Exit	Apple Inc	$0	–	-16,940	–	-1.57%	–
PEP	Exit	Pepsico Inc	$0	–	-14,430	–	-1.60%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-21,050	–	-1.62%	–
JNJ	Exit	Johnson & Johnson	$0	–	-14,964	–	-1.78%	–
SPH	Exit	Suburban Propane Part Lput ltd ptnr	$0	–	-140,075	–	-1.82%	–
HTGC	Exit	Hercules Capital Inc	$0	–	-200,603	–	-1.85%	–
LH	Exit	Lab Corp. of America	$0	–	-12,920	–	-1.94%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-176,404	–	-2.12%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-11,708	–	-2.18%	–
TSM	Exit	Taiwan Semiconductor	$0	–	-34,285	–	-2.22%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-176,058	–	-2.22%	–
MSFT	Exit	Microsoft Corp	$0	–	-13,515	–	-2.27%	–
KO	Exit	Coca Cola Company	$0	–	-58,149	–	-2.29%	–
ABY	Exit	Atlantica Yield	$0	–	-107,196	–	-2.45%	–
TSN	Exit	Tyson Foods Inc	$0	–	-52,360	–	-2.49%	–
QCOM	Exit	Qualcomm Inc	$0	–	-28,460	–	-2.68%	–
MRK	Exit	Merck & Co Inc	$0	–	-40,936	–	-2.71%	–
MDT	Exit	Medtronic Inc	$0	–	-34,660	–	-2.88%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-108,531	–	-3.40%	–
ASA	Exit	ASA Limited	$0	–	-204,100	–	-3.47%	–
ABT	Exit	Abbott Laboratories	$0	–	-41,060	–	-3.57%	–
	Exit	Intel Corp.	$0	–	-92,608	–	-3.83%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-144,688	–	-6.93%	–

Q3 2020

			Value		Shares		↓ Weighting
NEP	Sell	Nextera Era Energy Partners	$8,675,000	+16.8%	144,688	-0.1%	6.93%	+5.6%
	Buy	Intel Corp.	$4,795,000	+45.0%	92,608	+67.5%	3.83%	+31.1%
ABT	Sell	Abbott Laboratories	$4,468,000	+18.9%	41,060	-0.1%	3.57%	+7.5%
ASA	Buy	ASA Limited	$4,343,000	+237.7%	204,100	+177.9%	3.47%	+205.5%
	Buy	Market Vectors Gold Miner ETF	$4,250,000	+19.5%	108,531	+12.0%	3.40%	+8.1%
MDT	Buy	Medtronic Inc	$3,601,000	+14.9%	34,660	+1.4%	2.88%	+3.9%
MRK	Buy	Merck & Co Inc	$3,395,000	+8.8%	40,936	+1.5%	2.71%	-1.6%
TSN	Buy	Tyson Foods Inc	$3,114,000	+22.7%	52,360	+23.2%	2.49%	+11.0%
ABY	Sell	Atlantica Yield	$3,066,000	-1.9%	107,196	-0.2%	2.45%	-11.3%
KO	Sell	Coca Cola Company	$2,870,000	+9.3%	58,149	-1.1%	2.29%	-1.2%
MSFT	Sell	Microsoft Corp	$2,842,000	-13.9%	13,515	-16.7%	2.27%	-22.1%
TSM	Sell	Taiwan Semiconductor	$2,779,000	+42.5%	34,285	-0.2%	2.22%	+28.9%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$2,779,000	-11.9%	176,058	+1.5%	2.22%	-20.3%
PHYS	Buy	Sprott Physical Gold ETV	$2,654,000	+5.4%	176,404	+0.3%	2.12%	-4.6%
HTGC	Sell	Hercules Capital Inc	$2,320,000	+9.6%	200,603	-0.8%	1.85%	-0.9%
SPH	Buy	Suburban Propane Part Lput ltd ptnr	$2,280,000	+35.2%	140,075	+18.7%	1.82%	+22.2%
JPM	Sell	J. P. Morgan Chase & Co.	$2,026,000	+1.4%	21,050	-0.9%	1.62%	-8.3%
AAPL	Buy	Apple Inc	$1,961,000	+5.6%	16,940	+232.7%	1.57%	-4.5%
VCSH	Sell	Vanguard Short-Term Corp	$1,925,000	-0.1%	23,243	-0.3%	1.54%	-9.7%
PBA	Sell	Pembina Pipeline Corp	$1,874,000	-15.1%	88,308	-0.0%	1.50%	-23.2%
PWR	Sell	Quanta Services Inc	$1,865,000	-7.2%	35,300	-31.1%	1.49%	-16.1%
SGOL	Buy	Aberdeen Phys Swiss Gold	$1,813,000	+9.3%	99,925	+3.2%	1.45%	-1.2%
OGS	Buy	One Gas Inc	$1,768,000	+25.6%	25,630	+40.2%	1.41%	+13.6%
IGSB	Sell	iShares Short Term Corporate Bond	$1,700,000	-25.0%	30,970	-25.3%	1.36%	-32.2%
ARE	New	Alexandria Real Estate	$1,667,000	–	10,420	–	1.33%	–
CRL	Sell	Charles River Labs	$1,624,000	-13.2%	7,175	-33.2%	1.30%	-21.5%
LAMR	Buy	Lamar Advertising	$1,533,000	+10.2%	23,179	+11.2%	1.22%	-0.3%
JPST	Buy	JPMorgan Ultra Short Bond	$1,432,000	+463.8%	28,200	+461.2%	1.14%	+410.7%
MDU	New	MDU Resources Group	$1,395,000	–	62,010	–	1.12%	–
XLC	Buy	Communications Services ETF	$1,378,000	+67.8%	23,200	+52.7%	1.10%	+51.7%
ENB	Sell	Enbridge Inc	$1,324,000	-5.0%	45,371	-1.0%	1.06%	-14.1%
IBM	Sell	International Business Machines	$1,290,000	-2.9%	10,603	-3.6%	1.03%	-12.2%
GOOGL	Sell	Alphabet Inc	$1,232,000	+3.3%	841	-0.1%	0.98%	-6.5%
NOC	Buy	Northrop Grumman Co	$1,176,000	+8.6%	3,730	+5.8%	0.94%	-1.8%
LDOS	New	Leidos Holdings Inc	$1,146,000	–	12,865	–	0.92%	–
BSV	Buy	Vanguard Short Term Bond ETF	$1,136,000	+5.5%	13,690	+5.6%	0.91%	-4.6%
NJR	Buy	New Jersey Resources	$1,106,000	+28.5%	40,960	+55.2%	0.88%	+16.2%
CEF	Buy	Sprott Physical Gold & Silver	$1,092,000	+11.7%	59,545	+2.9%	0.87%	+1.0%
ABM	New	ABM Industries Inc	$1,078,000	–	29,430	–	0.86%	–
SYK	Buy	Stryker Corp	$1,043,000	+15.9%	5,010	+0.3%	0.83%	+4.8%
ZTS	Buy	Zoetis Inc	$969,000	+157.7%	5,860	+113.1%	0.77%	+133.1%
BABA	Buy	Alibaba Group Holding	$781,000	+238.1%	2,660	+147.4%	0.62%	+205.9%
TRP	Sell	TC Energy Corp (Transcanada)	$741,000	-2.0%	17,640	-0.1%	0.59%	-11.4%
CVX	Sell	ChevronTexaco Corp.	$714,000	-20.1%	9,928	-1.0%	0.57%	-27.7%
LMRKN	New	Landmark Infrastructure pfd	$675,000	–	28,370	–	0.54%	–
ECL	Buy	Ecolab Inc.	$594,000	+10.6%	2,975	+10.2%	0.48%	0.0%
YOLO	New	Advisorshrs Pure Cannabis	$561,000	–	52,325	–	0.45%	–
HTA	Sell	Hlthcare Tr Of Amer	$542,000	-5.6%	20,863	-3.7%	0.43%	-14.6%
VZ	Buy	Verizon Communications	$514,000	+11.3%	8,645	+3.0%	0.41%	+0.7%
CARR	New	Carrier Global Corp	$320,000	–	10,500	–	0.26%	–
PNW	New	Pinnacle West Capital Cp	$269,000	–	3,615	–	0.22%	–
PFE	Sell	Pfizer Incorporated	$252,000	+9.1%	6,888	-2.8%	0.20%	-1.5%
XLK	Sell	SPDR Technology ETF	$245,000	+7.0%	2,100	-4.5%	0.20%	-3.0%
CWEN	New	Clearway Energy Inc	$233,000	–	8,675	–	0.19%	–
AMZN	New	Amazon.com Inc	$220,000	–	70	–	0.18%	–
WMT	New	Wal-Mart Stores Inc	$219,000	–	1,570	–	0.18%	–
BEP	New	Brookfield Renewable Energy LPut ltd ptnr	$208,000	–	3,959	–	0.17%	–
BTZ	Exit	Blackrock Credit Allocation	$0	–	-10,350	–	-0.12%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-5,650	–	-0.22%	–
C	Exit	Citigroup Corp	$0	–	-7,375	–	-0.33%	–
PAI	Exit	Western Asset I/G Income Fund	$0	–	-28,100	–	-0.37%	–
FMX	Exit	Fomento Economico Mexicano	$0	–	-7,135	–	-0.39%	–
FOF	Exit	C & S Closed End Opportunity	$0	–	-42,864	–	-0.40%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-48,134	–	-1.05%	–
VLO	Exit	Valero Energy Corp	$0	–	-26,470	–	-1.38%	–
SII	Exit	Sprott Inc	$0	–	-81,584	–	-2.60%	–
D	Exit	Dominion Resources	$0	–	-38,272	–	-2.74%	–

Q2 2020

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$7,430,000	–	144,903	–	6.57%	–
ABT	New	Abbott Laboratories	$3,759,000	–	41,115	–	3.32%	–
	New	Market Vectors Gold Miner ETF	$3,555,000	–	96,941	–	3.14%	–
	New	Intel Corp.	$3,308,000	–	55,300	–	2.92%	–
MSFT	New	Microsoft Corp	$3,299,000	–	16,215	–	2.92%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$3,153,000	–	173,533	–	2.79%	–
MDT	New	Medtronic Inc	$3,133,000	–	34,170	–	2.77%	–
ABY	New	Atlantica Yield	$3,124,000	–	107,366	–	2.76%	–
MRK	New	Merck & Co Inc	$3,119,000	–	40,334	–	2.76%	–
D	New	Dominion Resources	$3,106,000	–	38,272	–	2.74%	–
SII	New	Sprott Inc	$2,945,000	–	81,584	–	2.60%	–
BDX	New	Becton Dickinson & Co	$2,801,000	–	11,708	–	2.48%	–
KO	New	Coca Cola Company	$2,627,000	–	58,799	–	2.32%	–
QCOM	New	Qualcomm Inc	$2,595,000	–	28,460	–	2.29%	–
TSN	New	Tyson Foods Inc	$2,537,000	–	42,490	–	2.24%	–
PHYS	New	Sprott Physical Gold ETV	$2,517,000	–	175,904	–	2.22%	–
IGSB	New	iShares Short Term Corporate Bond	$2,268,000	–	41,470	–	2.00%	–
PBA	New	Pembina Pipeline Corp	$2,208,000	–	88,331	–	1.95%	–
LH	New	Lab Corp. of America	$2,146,000	–	12,920	–	1.90%	–
HTGC	New	Hercules Capital Inc	$2,117,000	–	202,253	–	1.87%	–
JNJ	New	Johnson & Johnson	$2,104,000	–	14,964	–	1.86%	–
PWR	New	Quanta Services Inc	$2,009,000	–	51,225	–	1.78%	–
JPM	New	J. P. Morgan Chase & Co.	$1,998,000	–	21,250	–	1.77%	–
TSM	New	Taiwan Semiconductor	$1,950,000	–	34,360	–	1.72%	–
VCSH	New	Vanguard Short-Term Corp	$1,927,000	–	23,318	–	1.70%	–
PEP	New	Pepsico Inc	$1,908,000	–	14,430	–	1.69%	–
CRL	New	Charles River Labs	$1,872,000	–	10,740	–	1.65%	–
AAPL	New	Apple Inc	$1,857,000	–	5,092	–	1.64%	–
SPH	New	Suburban Propane Part Lput ltd ptnr	$1,687,000	–	117,975	–	1.49%	–
SGOL	New	Aberdeen Phys Swiss Gold	$1,659,000	–	96,825	–	1.47%	–
VLO	New	Valero Energy Corp	$1,556,000	–	26,470	–	1.38%	–
OGS	New	One Gas Inc	$1,408,000	–	18,285	–	1.24%	–
ENB	New	Enbridge Inc	$1,393,000	–	45,812	–	1.23%	–
LAMR	New	Lamar Advertising	$1,391,000	–	20,837	–	1.23%	–
GLD	New	SPDR Gold Shares ETF	$1,386,000	–	8,285	–	1.22%	–
IBM	New	International Business Machines	$1,328,000	–	11,001	–	1.17%	–
ASA	New	ASA Limited	$1,286,000	–	73,450	–	1.14%	–
GOOGL	New	Alphabet Inc	$1,193,000	–	842	–	1.05%	–
AMLP	New	ALPS Alerian MLP ETF	$1,187,000	–	48,134	–	1.05%	–
NOC	New	Northrop Grumman Co	$1,083,000	–	3,525	–	0.96%	–
BSV	New	Vanguard Short Term Bond ETF	$1,077,000	–	12,965	–	0.95%	–
MDLZ	New	Mondelez International	$1,046,000	–	20,468	–	0.92%	–
CEF	New	Sprott Physical Gold & Silver	$978,000	–	57,870	–	0.86%	–
SYK	New	Stryker Corp	$900,000	–	4,995	–	0.80%	–
CVX	New	ChevronTexaco Corp.	$894,000	–	10,028	–	0.79%	–
NJR	New	New Jersey Resources	$861,000	–	26,395	–	0.76%	–
FDX	New	FedEx Corporation	$827,000	–	5,900	–	0.73%	–
XLC	New	Communications Services ETF	$821,000	–	15,193	–	0.73%	–
SYY	New	Sysco Corporation	$761,000	–	13,925	–	0.67%	–
TRP	New	TC Energy Corp (Transcanada)	$756,000	–	17,660	–	0.67%	–
ZBH	New	Zimmer Holdings Inc	$756,000	–	6,335	–	0.67%	–
CL	New	Colgate-Palmolive Co	$664,000	–	9,070	–	0.59%	–
HTA	New	Hlthcare Tr Of Amer	$574,000	–	21,663	–	0.51%	–
ECL	New	Ecolab Inc.	$537,000	–	2,700	–	0.48%	–
MINT	New	Pimco Enhanced Short Maturity	$516,000	–	5,080	–	0.46%	–
PFF	New	iShares U.S. Preferred	$513,000	–	14,825	–	0.45%	–
CONE	New	CyrusOne Inc	$466,000	–	6,415	–	0.41%	–
VZ	New	Verizon Communications	$462,000	–	8,395	–	0.41%	–
FOF	New	C & S Closed End Opportunity	$456,000	–	42,864	–	0.40%	–
FMX	New	Fomento Economico Mexicano	$442,000	–	7,135	–	0.39%	–
MAIN	New	Main Street Capital	$425,000	–	13,655	–	0.38%	–
PAI	New	Western Asset I/G Income Fund	$420,000	–	28,100	–	0.37%	–
ZTS	New	Zoetis Inc	$376,000	–	2,750	–	0.33%	–
C	New	Citigroup Corp	$376,000	–	7,375	–	0.33%	–
PG	New	Procter & Gamble Co	$367,000	–	3,075	–	0.32%	–
ATO	New	Atmos Energy Corp	$318,000	–	3,195	–	0.28%	–
CQQQ	New	Invesco China Technology	$304,000	–	4,800	–	0.27%	–
WBA	New	Walgreens Boots Alliance	$273,000	–	6,450	–	0.24%	–
WM	New	Waste Management Inc	$270,000	–	2,550	–	0.24%	–
JPST	New	JPMorgan Ultra Short Bond	$254,000	–	5,025	–	0.22%	–
XOM	New	Exxon Mobil Corp	$252,000	–	5,650	–	0.22%	–
VHT	New	Vanguard Health Care ETF	$234,000	–	1,215	–	0.21%	–
BABA	New	Alibaba Group Holding	$231,000	–	1,075	–	0.20%	–
PFE	New	Pfizer Incorporated	$231,000	–	7,088	–	0.20%	–
XLK	New	SPDR Technology ETF	$229,000	–	2,200	–	0.20%	–
MKCV	New	McCormick & Co Inc	$224,000	–	1,250	–	0.20%	–
BTZ	New	Blackrock Credit Allocation	$136,000	–	10,350	–	0.12%	–

Q4 2019

			Value		Shares		↓ Weighting
VHT	Exit	Vanguard Health Care ETF	$0	–	-1,203	–	-0.17%	–
RLJ	Exit	RLJ Lodging TRUST	$0	–	-11,985	–	-0.18%	–
HIE	Exit	Miller Howard High Income	$0	–	-19,525	–	-0.18%	–
CCE	Exit	Coca Cola European Ptnrs	$0	–	-3,850	–	-0.18%	–
MINT	Exit	Pimco Enhanced Short Maturity	$0	–	-2,130	–	-0.19%	–
WFCPRL	Exit	Wells Fargo 7.50 cv pfd	$0	–	-149	–	-0.20%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-3,075	–	-0.21%	–
CQQQ	Exit	Invesco China Technology	$0	–	-5,450	–	-0.22%	–
NTRS	Exit	Northern Trust Corp	$0	–	-3,050	–	-0.24%	–
ZTS	Exit	Zoetis Inc	$0	–	-2,500	–	-0.27%	–
LOW	Exit	Lowe's Companies	$0	–	-2,855	–	-0.27%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-5,700	–	-0.29%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-7,025	–	-0.30%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-6,450	–	-0.31%	–
KYN	Exit	Kayne Anderson MLP Fund	$0	–	-25,495	–	-0.32%	–
SHLX	Exit	Shell Midstream Lput ltd ptnr	$0	–	-18,475	–	-0.32%	–
ATO	Exit	Atmos Energy Corp	$0	–	-3,495	–	-0.34%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-5,650	–	-0.34%	–
TDOC	Exit	Teladoc Inc	$0	–	-5,995	–	-0.35%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,375	–	-0.36%	–
GOOGL	Exit	Alphabet Inc	$0	–	-357	–	-0.38%	–
WM	Exit	Waste Management Inc	$0	–	-3,800	–	-0.38%	–
TBF	Exit	Proshares Short 20 Year Treas	$0	–	-27,275	–	-0.44%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,700	–	-0.46%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-9,430	–	-0.49%	–
FOF	Exit	C & S Closed End Opportunity	$0	–	-43,089	–	-0.49%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-19,213	–	-0.49%	–
PFF	Exit	iShares U.S. Preferred	$0	–	-15,225	–	-0.49%	–
MAIN	Exit	Main Street Capital	$0	–	-13,655	–	-0.51%	–
BPMP	Exit	BP Midstream Partners Lput ltd ptnr	$0	–	-40,600	–	-0.51%	–
SNDR	Exit	Schneider National	$0	–	-27,850	–	-0.52%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-8,820	–	-0.56%	–
AM	Exit	Antero Midstream Corp	$0	–	-89,090	–	-0.57%	–
TYG	Exit	Tortoise Energy Infrastruct	$0	–	-35,092	–	-0.62%	–
FMX	Exit	Fomento Economico Mexicano	$0	–	-8,285	–	-0.65%	–
DLR	Exit	Digital Realty	$0	–	-6,110	–	-0.68%	–
CEF	Exit	Central Fund of Canada	$0	–	-56,950	–	-0.70%	–
PAGP	Exit	Plains GP Hldgs L Put ltd ptnr	$0	–	-39,587	–	-0.72%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-6,285	–	-0.74%	–
ASA	Exit	ASA Limited	$0	–	-74,150	–	-0.77%	–
VTR	Exit	Ventas Inc	$0	–	-12,223	–	-0.77%	–
FDX	Exit	FedEx Corporation	$0	–	-6,375	–	-0.80%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-7,930	–	-0.80%	–
SYK	Exit	Stryker Corp	$0	–	-4,885	–	-0.91%	–
TRP	Exit	TC Energy Corp (Transcanada)	$0	–	-20,980	–	-0.94%	–
SYY	Exit	Sysco Corporation	$0	–	-13,750	–	-0.94%	–
MRK	Exit	Merck & Co Inc	$0	–	-13,571	–	-0.98%	–
MDLZ	Exit	Mondelez International	$0	–	-20,883	–	-1.00%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-8,395	–	-1.00%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-10,319	–	-1.05%	–
PFE	Exit	Pfizer Incorporated	$0	–	-34,952	–	-1.08%	–
NOK	Exit	Nokia Corp.	$0	–	-263,550	–	-1.15%	–
SGOL	Exit	Aberdeen Phys Swiss Gold	$0	–	-9,450	–	-1.16%	–
IBM	Exit	International Business Machines	$0	–	-10,109	–	-1.27%	–
ENB	Exit	Enbridge Inc	$0	–	-45,812	–	-1.38%	–
DIS	Exit	Walt Disney Co	$0	–	-13,120	–	-1.47%	–
LAMR	Exit	Lamar Advertising	$0	–	-21,087	–	-1.49%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-189,218	–	-1.49%	–
BAC	Exit	Bank of America Corp	$0	–	-60,025	–	-1.51%	–
SPH	Exit	Suburban Propane Part Lput ltd ptnr	$0	–	-75,996	–	-1.55%	–
CCL	Exit	Carnival Corp	$0	–	-41,290	–	-1.56%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-36,913	–	-1.57%	–
JNJ	Exit	Johnson & Johnson	$0	–	-15,240	–	-1.70%	–
PWR	Exit	Quanta Services Inc	$0	–	-52,250	–	-1.70%	–
AAPL	Exit	Apple Inc	$0	–	-9,015	–	-1.74%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-71,200	–	-1.75%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-177,043	–	-1.80%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-26,533	–	-1.85%	–
LH	Exit	Lab Corp. of America	$0	–	-12,895	–	-1.87%	–
	Exit	Intel Corp.	$0	–	-45,315	–	-2.01%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-96,205	–	-2.21%	–
MSFT	Exit	Microsoft Corp	$0	–	-18,500	–	-2.22%	–
IGSB	Exit	iShares Short Term Corporate Bond	$0	–	-48,200	–	-2.23%	–
HTGC	Exit	Hercules Capital Inc	$0	–	-202,989	–	-2.34%	–
ABY	Exit	Atlantica Yield	$0	–	-113,595	–	-2.36%	–
QCOM	Exit	Qualcomm Inc	$0	–	-37,710	–	-2.48%	–
WPC	Exit	W P Carey Inc	$0	–	-32,398	–	-2.50%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-11,808	–	-2.57%	–
D	Exit	Dominion Resources	$0	–	-38,282	–	-2.67%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-88,256	–	-2.82%	–
CFG	Exit	Citizens Finl Group	$0	–	-93,210	–	-2.84%	–
KO	Exit	Coca Cola Company	$0	–	-61,500	–	-2.89%	–
ABT	Exit	Abbott Laboratories	$0	–	-41,725	–	-3.01%	–
PEP	Exit	Pepsico Inc	$0	–	-29,105	–	-3.44%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-147,470	–	-6.72%	–

Q3 2019

			Value		Shares		↓ Weighting
NEP	Sell	Nextera Era Energy Partners	$7,792,000	+7.7%	147,470	-1.6%	6.72%	+7.7%
PEP	Sell	Pepsico Inc	$3,990,000	+0.5%	29,105	-3.9%	3.44%	+0.4%
ABT	Sell	Abbott Laboratories	$3,491,000	-1.6%	41,725	-1.1%	3.01%	-1.6%
KO	Sell	Coca Cola Company	$3,348,000	+1.0%	61,500	-5.5%	2.89%	+1.0%
CFG	Sell	Citizens Finl Group	$3,296,000	-2.4%	93,210	-2.4%	2.84%	-2.5%
D	Sell	Dominion Resources	$3,102,000	+3.5%	38,282	-1.2%	2.67%	+3.5%
BDX	Sell	Becton Dickinson & Co	$2,986,000	-0.1%	11,808	-0.5%	2.57%	-0.2%
WPC	Sell	W P Carey Inc	$2,899,000	+2.1%	32,398	-7.4%	2.50%	+2.1%
QCOM	Sell	Qualcomm Inc	$2,876,000	-7.8%	37,710	-8.0%	2.48%	-7.8%
ABY	Sell	Atlantica Yield	$2,736,000	+3.8%	113,595	-2.3%	2.36%	+3.7%
HTGC	Sell	Hercules Capital Inc	$2,713,000	+3.2%	202,989	-1.1%	2.34%	+3.1%
MSFT	Sell	Microsoft Corp	$2,572,000	-1.0%	18,500	-4.6%	2.22%	-1.0%
	Sell	Intel Corp.	$2,335,000	+7.3%	45,315	-0.3%	2.01%	+7.3%
LH	Sell	Lab Corp. of America	$2,166,000	-3.9%	12,895	-1.1%	1.87%	-4.0%
VCSH	Sell	Vanguard Short-Term Corp	$2,150,000	-4.1%	26,533	-4.5%	1.85%	-4.1%
PWR	Buy	Quanta Services Inc	$1,975,000	+45.1%	52,250	+46.6%	1.70%	+45.0%
CSCO	Sell	Cisco Systems Inc	$1,823,000	-13.9%	36,913	-4.6%	1.57%	-14.0%
CCL	Sell	Carnival Corp	$1,804,000	-8.6%	41,290	-2.6%	1.56%	-8.6%
SPH	New	Suburban Propane Part Lput ltd ptnr	$1,795,000	–	75,996	–	1.55%	–
AMLP	Sell	ALPS Alerian MLP ETF	$1,729,000	-10.7%	189,218	-3.8%	1.49%	-10.7%
IBM	Sell	International Business Machines	$1,470,000	+2.9%	10,109	-2.4%	1.27%	+2.9%
NOK	Sell	Nokia Corp.	$1,333,000	-2.6%	263,550	-3.5%	1.15%	-2.6%
PFE	Sell	Pfizer Incorporated	$1,255,000	-23.3%	34,952	-7.5%	1.08%	-23.4%
MDLZ	Sell	Mondelez International	$1,155,000	+2.4%	20,883	-0.2%	1.00%	+2.4%
MRK	Buy	Merck & Co Inc	$1,142,000	+0.4%	13,571	+0.0%	0.98%	+0.4%
SYY	Sell	Sysco Corporation	$1,091,000	+10.6%	13,750	-1.4%	0.94%	+10.6%
JPM	Buy	J. P. Morgan Chase & Co.	$933,000	+32.0%	7,930	+25.3%	0.80%	+31.8%
FDX	Sell	FedEx Corporation	$928,000	-16.2%	6,375	-5.6%	0.80%	-16.2%
VTR	Sell	Ventas Inc	$892,000	-3.5%	12,223	-9.6%	0.77%	-3.5%
ZBH	Sell	Zimmer Holdings Inc	$862,000	+4.9%	6,285	-10.0%	0.74%	+4.8%
PAGP	Buy	Plains GP Hldgs L Put ltd ptnr	$840,000	+137.3%	39,587	+179.2%	0.72%	+137.4%
DLR	Sell	Digital Realty	$793,000	+7.6%	6,110	-2.4%	0.68%	+7.7%
TYG	Sell	Tortoise Energy Infrastruct	$717,000	-14.3%	35,092	-5.5%	0.62%	-14.4%
AM	Sell	Antero Midstream Corp	$659,000	-71.8%	89,090	-56.4%	0.57%	-71.9%
SNDR	New	Schneider National	$604,000	–	27,850	–	0.52%	–
HTA	Sell	Hlthcare Tr Of Amer	$564,000	-16.7%	19,213	-22.3%	0.49%	-16.8%
TBF	Sell	Proshares Short 20 Year Treas	$511,000	-15.5%	27,275	-8.1%	0.44%	-15.7%
SHLX	Sell	Shell Midstream Lput ltd ptnr	$377,000	-29.7%	18,475	-28.6%	0.32%	-29.7%
KYN	New	Kayne Anderson MLP Fund	$368,000	–	25,495	–	0.32%	–
WFC	Sell	Wells Fargo & Co.	$354,000	-45.1%	7,025	-48.5%	0.30%	-45.1%
CCE	Sell	Coca Cola European Ptnrs	$213,000	-3.2%	3,850	-1.3%	0.18%	-3.2%
HIE	Sell	Miller Howard High Income	$212,000	-32.9%	19,525	-31.6%	0.18%	-32.7%
RLJ	Buy	RLJ Lodging TRUST	$203,000	-0.5%	11,985	+3.9%	0.18%	-0.6%
HT	Exit	Hersha Hospitality	$0	–	-11,610	–	-0.17%	–
CMA	Exit	Comerica	$0	–	-5,625	–	-0.35%	–
VET	Exit	Vermilion Energy Inc	$0	–	-38,788	–	-0.73%	–

Q2 2019

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$7,233,000	–	149,920	–	6.24%	–
PEP	New	Pepsico Inc	$3,971,000	–	30,285	–	3.42%	–
ABT	New	Abbott Laboratories	$3,546,000	–	42,175	–	3.06%	–
CFG	New	Citizens Finl Group	$3,378,000	–	95,535	–	2.91%	–
KO	New	Coca Cola Company	$3,314,000	–	65,100	–	2.86%	–
PBA	New	Pembina Pipeline Corp	$3,284,000	–	88,256	–	2.83%	–
QCOM	New	Qualcomm Inc	$3,118,000	–	41,000	–	2.69%	–
D	New	Dominion Resources	$2,996,000	–	38,752	–	2.58%	–
BDX	New	Becton Dickinson & Co	$2,990,000	–	11,865	–	2.58%	–
WPC	New	W P Carey Inc	$2,839,000	–	34,973	–	2.45%	–
ABY	New	Atlantica Yield	$2,636,000	–	116,295	–	2.27%	–
HTGC	New	Hercules Capital Inc	$2,630,000	–	205,165	–	2.27%	–
MSFT	New	Microsoft Corp	$2,597,000	–	19,393	–	2.24%	–
IGSB	New	iShares Short Term Corporate Bond	$2,575,000	–	48,200	–	2.22%	–
	New	Market Vectors Gold Miner ETF	$2,458,000	–	96,205	–	2.12%	–
AM	New	Antero Midstream Corp	$2,341,000	–	204,303	–	2.02%	–
LH	New	Lab Corp. of America	$2,255,000	–	13,045	–	1.94%	–
VCSH	New	Vanguard Short-Term Corp	$2,241,000	–	27,783	–	1.93%	–
	New	Intel Corp.	$2,176,000	–	45,465	–	1.88%	–
JNJ	New	Johnson & Johnson	$2,122,000	–	15,240	–	1.83%	–
CSCO	New	Cisco Systems Inc	$2,118,000	–	38,713	–	1.83%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$2,055,000	–	71,200	–	1.77%	–
PHYS	New	Sprott Physical Gold ETV	$2,005,000	–	177,043	–	1.73%	–
CCL	New	Carnival Corp	$1,973,000	–	42,390	–	1.70%	–
AMLP	New	ALPS Alerian MLP ETF	$1,936,000	–	196,606	–	1.67%	–
DIS	New	Walt Disney Co	$1,832,000	–	13,120	–	1.58%	–
AAPL	New	Apple Inc	$1,784,000	–	9,015	–	1.54%	–
BAC	New	Bank of America Corp	$1,740,000	–	60,025	–	1.50%	–
LAMR	New	Lamar Advertising	$1,701,000	–	21,087	–	1.47%	–
ENB	New	Enbridge Inc	$1,652,000	–	45,812	–	1.42%	–
PFE	New	Pfizer Incorporated	$1,637,000	–	37,802	–	1.41%	–
IBM	New	International Business Machines	$1,428,000	–	10,357	–	1.23%	–
NOK	New	Nokia Corp.	$1,368,000	–	273,250	–	1.18%	–
PWR	New	Quanta Services Inc	$1,361,000	–	35,650	–	1.17%	–
SGOL	New	Aberdeen Phys Swiss Gold	$1,285,000	–	9,450	–	1.11%	–
CVX	New	ChevronTexaco Corp.	$1,284,000	–	10,319	–	1.11%	–
MRK	New	Merck & Co Inc	$1,137,000	–	13,570	–	0.98%	–
MDLZ	New	Mondelez International	$1,128,000	–	20,933	–	0.97%	–
GLD	New	SPDR Gold Shares ETF	$1,118,000	–	8,395	–	0.96%	–
FDX	New	FedEx Corporation	$1,108,000	–	6,750	–	0.96%	–
TRP	New	TC Energy Corp	$1,038,000	–	20,980	–	0.90%	–
SYK	New	Stryker Corp	$1,004,000	–	4,885	–	0.87%	–
SYY	New	Sysco Corporation	$986,000	–	13,950	–	0.85%	–
VTR	New	Ventas Inc	$924,000	–	13,523	–	0.80%	–
ASA	New	ASA Limited	$848,000	–	74,150	–	0.73%	–
VET	New	Vermilion Energy Inc	$842,000	–	38,788	–	0.73%	–
TYG	New	Tortoise Energy Infrastruct	$837,000	–	37,142	–	0.72%	–
ZBH	New	Zimmer Holdings Inc	$822,000	–	6,985	–	0.71%	–
FMX	New	Fomento Economico Mexicano	$801,000	–	8,285	–	0.69%	–
CEF	New	Central Fund of Canada	$753,000	–	56,950	–	0.65%	–
DLR	New	Digital Realty	$737,000	–	6,260	–	0.64%	–
JPM	New	J. P. Morgan Chase & Co.	$707,000	–	6,330	–	0.61%	–
HTA	New	Hlthcare Tr Of Amer	$677,000	–	24,713	–	0.58%	–
WFC	New	Wells Fargo & Co.	$645,000	–	13,650	–	0.56%	–
CL	New	Colgate-Palmolive Co	$632,000	–	8,820	–	0.54%	–
BPMP	New	BP Midstream Partners Lput ltd ptnr	$628,000	–	40,600	–	0.54%	–
RDSB	New	Royal Dutch Shell B Adr	$619,000	–	9,430	–	0.53%	–
TBF	New	Proshares Short 20 Year Treas	$605,000	–	29,675	–	0.52%	–
PFF	New	iShares U.S. Preferred	$561,000	–	15,225	–	0.48%	–
MAIN	New	Main Street Capital	$561,000	–	13,655	–	0.48%	–
FOF	New	C & S Closed End Opportunity	$551,000	–	43,089	–	0.48%	–
SHLX	New	Shell Midstream Lput ltd ptnr	$536,000	–	25,875	–	0.46%	–
ECL	New	Ecolab Inc.	$533,000	–	2,700	–	0.46%	–
WM	New	Waste Management Inc	$438,000	–	3,800	–	0.38%	–
XOM	New	Exxon Mobil Corp	$432,000	–	5,650	–	0.37%	–
CMA	New	Comerica	$408,000	–	5,625	–	0.35%	–
TDOC	New	Teladoc Inc	$398,000	–	5,995	–	0.34%	–
GOOGL	New	Alphabet Inc	$386,000	–	357	–	0.33%	–
PG	New	Procter & Gamble Co	$370,000	–	3,375	–	0.32%	–
RDSA	New	Royal Dutch Shell A Adr	$370,000	–	5,700	–	0.32%	–
ATO	New	Atmos Energy Corp	$368,000	–	3,495	–	0.32%	–
PAGP	New	Plains GP Hldgs L P	$354,000	–	14,180	–	0.30%	–
WBA	New	Walgreens Boots Alliance	$352,000	–	6,450	–	0.30%	–
HIE	New	Miller Howard High Income	$316,000	–	28,525	–	0.27%	–
LOW	New	Lowe's Companies	$288,000	–	2,855	–	0.25%	–
ZTS	New	Zoetis Inc	$283,000	–	2,500	–	0.24%	–
NTRS	New	Northern Trust Corp	$274,000	–	3,050	–	0.24%	–
CQQQ	New	Invesco China Technology	$247,000	–	5,450	–	0.21%	–
BSV	New	Vanguard Short Term Bond ETF	$247,000	–	3,075	–	0.21%	–
CCE	New	Coca Cola European Ptnrs	$220,000	–	3,900	–	0.19%	–
MINT	New	Pimco Enhance Short Maturity	$216,000	–	2,130	–	0.19%	–
VHT	New	Vanguard Health Care ETF	$209,000	–	1,203	–	0.18%	–
RLJ	New	RLJ Lodging TRUST	$204,000	–	11,535	–	0.18%	–
WFCPRL	New	Wells Fargo 7.50 cv pfd	$203,000	–	149	–	0.18%	–
HT	New	Hersha Hospitality	$192,000	–	11,610	–	0.17%	–

Q4 2018

			Value		Shares		↓ Weighting
IXC	Exit	iShares Global Energy	$0	–	-5,450	–	-0.17%	–
ZTS	Exit	Zoetis Inc	$0	–	-2,500	–	-0.19%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-3,075	–	-0.20%	–
GG	Exit	Goldcorp Inc	$0	–	-23,650	–	-0.20%	–
AM	Exit	Antero Midstream Lput ltd ptnr	$0	–	-8,850	–	-0.21%	–
PETQ	Exit	PetIQ Inc	$0	–	-6,625	–	-0.22%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-1,628	–	-0.25%	–
PG	Exit	Procter & Gamble Co	$0	–	-3,605	–	-0.25%	–
ATO	Exit	Atmos Energy Corp	$0	–	-3,515	–	-0.28%	–
KWEB	Exit	Krnshrs China Internet ETF	$0	–	-6,980	–	-0.29%	–
WM	Exit	Waste Management Inc	$0	–	-3,800	–	-0.29%	–
HIE	Exit	Miller Howard High Income	$0	–	-28,075	–	-0.29%	–
LOW	Exit	Lowe's Companies	$0	–	-3,005	–	-0.29%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-5,700	–	-0.33%	–
TYG	Exit	Tortoise Energy Infrastruct	$0	–	-15,481	–	-0.35%	–
ECL	Exit	Ecolab Inc.	$0	–	-2,700	–	-0.36%	–
APU	Exit	Amerigas Partners Lput ltd ptnr	$0	–	-11,450	–	-0.38%	–
DUK	Exit	Duke Energy Corp	$0	–	-5,690	–	-0.38%	–
SRLN	Exit	SPDR Blackstone Senior Loan	$0	–	-9,905	–	-0.40%	–
SGOL	Exit	Aberdeen Phys Swiss Gold	$0	–	-4,270	–	-0.42%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-6,150	–	-0.44%	–
MAIN	Exit	Main Street Capital	$0	–	-13,655	–	-0.44%	–
SHLX	Exit	Shell Midstream Lput ltd ptnr	$0	–	-25,650	–	-0.46%	–
FOF	Exit	C & S Closed End Opportunity	$0	–	-42,998	–	-0.47%	–
PFF	Exit	iShares U.S. Preferred	$0	–	-15,225	–	-0.48%	–
TBF	Exit	Proshares Short 20 Year Treas	$0	–	-24,450	–	-0.48%	–
NYCBPRU	Exit	NY Community Bank cv pfd	$0	–	-11,745	–	-0.49%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-9,620	–	-0.54%	–
CEF	Exit	Central Fund of Canada	$0	–	-55,625	–	-0.55%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-5,785	–	-0.55%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-9,430	–	-0.56%	–
ASA	Exit	ASA Limited	$0	–	-77,150	–	-0.58%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-65,510	–	-0.59%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-9,845	–	-0.61%	–
D	Exit	Dominion Resources	$0	–	-10,285	–	-0.61%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-27,563	–	-0.62%	–
PPR	Exit	Voya Prime Rate Trust	$0	–	-148,300	–	-0.62%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-6,780	–	-0.65%	–
MIC	Exit	Macquarie Infrastructure	$0	–	-17,730	–	-0.69%	–
FMX	Exit	Fomento Economico Mexicano	$0	–	-8,285	–	-0.69%	–
SYK	Exit	Stryker Corp	$0	–	-4,885	–	-0.73%	–
TRP	Exit	Transcanada Corp	$0	–	-21,680	–	-0.74%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-6,985	–	-0.78%	–
BPMP	Exit	BP Midstream Partners Lput ltd ptnr	$0	–	-51,350	–	-0.82%	–
MDLZ	Exit	Mondelez International	$0	–	-22,758	–	-0.82%	–
MRK	Exit	Merck & Co Inc	$0	–	-14,366	–	-0.86%	–
SYY	Exit	Sysco Corporation	$0	–	-14,150	–	-0.88%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-8,489	–	-0.88%	–
SRCL	Exit	Stericycle Inc	$0	–	-18,398	–	-0.91%	–
HTGC	Exit	Hercules Capital Inc	$0	–	-83,865	–	-0.93%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-21,575	–	-0.96%	–
C	Exit	Citigroup Corp	$0	–	-16,820	–	-1.02%	–
PWR	Exit	Quanta Services Inc	$0	–	-37,305	–	-1.05%	–
RF	Exit	Regions Financial	$0	–	-68,425	–	-1.06%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-70,590	–	-1.10%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-144,998	–	-1.17%	–
FDX	Exit	FedEx Corporation	$0	–	-6,200	–	-1.26%	–
WELLPRI	Exit	Welltower Inc cv pfd	$0	–	-25,780	–	-1.32%	–
VET	Exit	Vermilion Energy Inc	$0	–	-48,313	–	-1.34%	–
LAMR	Exit	Lamar Advertising	$0	–	-21,087	–	-1.38%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-62,910	–	-1.53%	–
BAC	Exit	Bank of America Corp	$0	–	-62,225	–	-1.55%	–
PFE	Exit	Pfizer Incorporated	$0	–	-42,037	–	-1.56%	–
IBM	Exit	International Business Machines	$0	–	-12,842	–	-1.64%	–
AAPL	Exit	Apple Inc	$0	–	-8,790	–	-1.68%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-27,782	–	-1.83%	–
	Exit	Intel Corp.	$0	–	-45,965	–	-1.84%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-45,662	–	-1.88%	–
LH	Exit	Lab Corp. of America	$0	–	-13,145	–	-1.93%	–
WPC	Exit	W P Carey Inc	$0	–	-35,573	–	-1.93%	–
MSFT	Exit	Microsoft Corp	$0	–	-20,743	–	-2.00%	–
ABY	Exit	Atlantica Yield	$0	–	-115,960	–	-2.02%	–
CCL	Exit	Carnival Corp	$0	–	-37,555	–	-2.02%	–
VTR	Exit	Ventas Inc	$0	–	-45,868	–	-2.11%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-88,926	–	-2.55%	–
QCOM	Exit	Qualcomm Inc	$0	–	-42,380	–	-2.58%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-11,965	–	-2.64%	–
ABT	Exit	Abbott Laboratories	$0	–	-46,916	–	-2.91%	–
KO	Exit	Coca Cola Company	$0	–	-80,840	–	-3.15%	–
PEP	Exit	Pepsico Inc	$0	–	-34,505	–	-3.26%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-75,440	–	-3.30%	–
CFG	Exit	Citizens Finl Group	$0	–	-104,735	–	-3.41%	–
DM	Exit	Dominion Midstream Lput ltd ptnr	$0	–	-236,500	–	-3.58%	–
JNJ	Exit	Johnson & Johnson	$0	–	-34,493	–	-4.02%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-151,500	–	-6.20%	–

Q3 2018

			Value		Shares		↓ Weighting
NEP	Sell	Nextera Era Energy Partners	$7,347,000	+1.3%	151,500	-2.5%	6.20%	+3.6%
JNJ	Sell	Johnson & Johnson	$4,765,000	+13.3%	34,493	-0.5%	4.02%	+15.8%
DM	Buy	Dominion Midstream Lput ltd ptnr	$4,233,000	+143.1%	236,500	+84.7%	3.58%	+148.6%
CFG	Sell	Citizens Finl Group	$4,039,000	-2.7%	104,735	-1.9%	3.41%	-0.5%
IGSB	Buy	iShares Barclays 1-3 yr Bond	$3,910,000	-0.0%	75,440	+100.0%	3.30%	+2.2%
PEP	Sell	Pepsico Inc	$3,857,000	-1.7%	34,505	-4.2%	3.26%	+0.6%
KO	Sell	Coca Cola Company	$3,733,000	+4.3%	80,840	-1.0%	3.15%	+6.6%
ABT	Sell	Abbott Laboratories	$3,441,000	+10.5%	46,916	-8.1%	2.91%	+13.0%
QCOM	Sell	Qualcomm Inc	$3,052,000	+26.7%	42,380	-1.3%	2.58%	+29.5%
VTR	Sell	Ventas Inc	$2,494,000	-7.6%	45,868	-3.2%	2.11%	-5.5%
CCL	Buy	Carnival Corp	$2,394,000	+14.2%	37,555	+2.6%	2.02%	+16.7%
ABY	Sell	Atlantica Yield	$2,386,000	-0.4%	115,960	-2.4%	2.02%	+1.8%
MSFT	Sell	Microsoft Corp	$2,372,000	+15.0%	20,743	-0.9%	2.00%	+17.5%
WPC	Sell	W P Carey Inc	$2,287,000	-5.0%	35,573	-2.0%	1.93%	-2.9%
CSCO	Sell	Cisco Systems Inc	$2,221,000	+6.1%	45,662	-6.2%	1.88%	+8.5%
	Sell	Intel Corp.	$2,173,000	-9.2%	45,965	-4.6%	1.84%	-7.2%
VCSH	Sell	Vanguard Short-Term Corp	$2,171,000	-19.6%	27,782	-19.7%	1.83%	-17.8%
AAPL	Sell	Apple Inc	$1,984,000	+12.6%	8,790	-7.7%	1.68%	+15.2%
IBM	Sell	International Business Machines	$1,941,000	+5.5%	12,842	-2.5%	1.64%	+7.9%
BAC	Sell	Bank of America Corp	$1,833,000	+3.1%	62,225	-1.3%	1.55%	+5.4%
EPD	Sell	Enterprise Prd Prtnrs Lput ltd ptnr	$1,807,000	-1.6%	62,910	-5.3%	1.53%	+0.6%
LAMR	Sell	Lamar Advertising	$1,640,000	-24.7%	21,087	-33.8%	1.38%	-23.0%
VET	Buy	Vermilion Energy Inc	$1,591,000	+57.4%	48,313	+72.0%	1.34%	+61.0%
WELLPRI	Sell	Welltower Inc cv pfd	$1,560,000	-38.3%	25,780	-39.5%	1.32%	-36.9%
PHYS	Sell	Sprott Physical Gold ETV	$1,384,000	-7.5%	144,998	-1.4%	1.17%	-5.4%
	Buy	Market Vectors Gold Miner ETF	$1,307,000	+78.6%	70,590	+115.0%	1.10%	+82.5%
RF	Sell	Regions Financial	$1,255,000	+2.1%	68,425	-1.0%	1.06%	+4.4%
PWR	Sell	Quanta Services Inc	$1,245,000	-2.7%	37,305	-2.6%	1.05%	-0.4%
C	Sell	Citigroup Corp	$1,206,000	+3.2%	16,820	-3.7%	1.02%	+5.5%
WFC	Sell	Wells Fargo & Co.	$1,133,000	-8.8%	21,575	-3.8%	0.96%	-6.8%
HTGC	New	Hercules Capital Inc	$1,103,000	–	83,865	–	0.93%	–
SRCL	Buy	Stericycle Inc	$1,079,000	+183.2%	18,398	+214.5%	0.91%	+189.2%
SYY	Sell	Sysco Corporation	$1,036,000	-51.9%	14,150	-55.2%	0.88%	-50.8%
MRK	Sell	Merck & Co Inc	$1,019,000	+9.3%	14,366	-6.5%	0.86%	+11.8%
BPMP	Sell	BP Midstream Partners Lput ltd ptnr	$965,000	-14.6%	51,350	-4.6%	0.82%	-12.6%
ZBH	Sell	Zimmer Holdings Inc	$918,000	+14.8%	6,985	-2.8%	0.78%	+17.2%
TRP	Buy	Transcanada Corp	$877,000	-5.6%	21,680	+0.8%	0.74%	-3.4%
SYK	Sell	Stryker Corp	$867,000	-4.6%	4,885	-9.3%	0.73%	-2.5%
MIC	Sell	Macquarie Infrastructure	$817,000	+4.9%	17,730	-4.1%	0.69%	+7.3%
PPR	Sell	Voya Prime Rate Trust	$738,000	-17.4%	148,300	-16.5%	0.62%	-15.6%
HTA	Sell	Hlthcare Tr Of Amer	$735,000	-10.3%	27,563	-9.4%	0.62%	-8.1%
AMLP	Sell	ALPS Alerian MLP ETF	$699,000	+4.8%	65,510	-0.8%	0.59%	+7.1%
ASA	Sell	ASA Limited	$684,000	-30.8%	77,150	-20.5%	0.58%	-29.3%
CEF	Sell	Central Fund of Canada	$649,000	-11.6%	55,625	-5.1%	0.55%	-9.6%
CL	Sell	Colgate-Palmolive Co	$644,000	-1.7%	9,620	-4.9%	0.54%	+0.6%
NYCBPRU	Sell	NY Community Bank cv pfd	$578,000	-6.8%	11,745	-5.6%	0.49%	-4.7%
TBF	Sell	Proshares Short 20 Year Treas	$572,000	-9.5%	24,450	-12.5%	0.48%	-7.5%
PFF	Sell	iShares U.S. Preferred	$565,000	-10.3%	15,225	-9.0%	0.48%	-8.3%
FOF	Sell	C & S Closed End Opportunity	$556,000	-4.1%	42,998	-4.9%	0.47%	-1.9%
SHLX	Sell	Shell Midstream Lput ltd ptnr	$548,000	-9.9%	25,650	-6.6%	0.46%	-7.8%
MAIN	Sell	Main Street Capital	$525,000	-1.3%	13,655	-2.3%	0.44%	+0.9%
SRLN	Sell	SPDR Blackstone Senior Loan	$469,000	-4.9%	9,905	-5.7%	0.40%	-2.7%
DUK	Sell	Duke Energy Corp	$455,000	-1.5%	5,690	-2.7%	0.38%	+0.5%
TYG	Sell	Tortoise Energy Infrastruct	$416,000	-5.2%	15,481	-6.1%	0.35%	-3.3%
LOW	Sell	Lowe's Companies	$345,000	+9.5%	3,005	-9.1%	0.29%	+11.9%
KWEB	New	Krnshrs China Internet ETF	$340,000	–	6,980	–	0.29%	–
PG	Sell	Procter & Gamble Co	$300,000	-89.8%	3,605	-90.4%	0.25%	-89.6%
PETQ	New	PetIQ Inc	$260,000	–	6,625	–	0.22%	–
GG	Sell	Goldcorp Inc	$241,000	-73.4%	23,650	-64.3%	0.20%	-72.8%
IXC	New	iShares Global Energy	$205,000	–	5,450	–	0.17%	–
WCUI	Exit	Wellness Ctr Usa Inc	$0	–	-57,000	–	-0.01%	–
JPST	Exit	JPMorgan Ultra Short Bond	$0	–	-4,100	–	-0.17%	–
SRCLP	Exit	Stericycle 5.25 cv pfd 09/18	$0	–	-17,125	–	-0.70%	–
DHI	Exit	D R Horton Co	$0	–	-24,450	–	-0.83%	–
OUSM	Exit	O'Shares FTSE Russell Sm Cap	$0	–	-42,540	–	-0.95%	–
XLF	Exit	Financial Select SPDR	$0	–	-43,585	–	-0.96%	–

Q2 2018

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$7,253,000	–	155,425	–	5.99%	–
JNJ	New	Johnson & Johnson	$4,206,000	–	34,668	–	3.47%	–
CFG	New	Citizens Finl Group	$4,152,000	–	106,760	–	3.43%	–
PEP	New	Pepsico Inc	$3,922,000	–	36,030	–	3.24%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$3,911,000	–	37,720	–	3.23%	–
KO	New	Coca Cola Company	$3,580,000	–	81,640	–	2.96%	–
ABT	New	Abbott Laboratories	$3,114,000	–	51,066	–	2.57%	–
PBA	New	Pembina Pipeline Corp	$3,076,000	–	88,926	–	2.54%	–
PG	New	Procter & Gamble Co	$2,946,000	–	37,743	–	2.43%	–
BDX	New	Becton Dickinson & Co	$2,866,000	–	11,965	–	2.37%	–
VCSH	New	Vanguard Short-Term Corp	$2,700,000	–	34,582	–	2.23%	–
VTR	New	Ventas Inc	$2,699,000	–	47,398	–	2.23%	–
WELLPRI	New	Welltower Inc cv pfd	$2,530,000	–	42,590	–	2.09%	–
QCOM	New	Qualcomm Inc	$2,409,000	–	42,930	–	1.99%	–
WPC	New	W P Carey Inc	$2,408,000	–	36,297	–	1.99%	–
ABY	New	Atlantica Yield	$2,396,000	–	118,760	–	1.98%	–
	New	Intel Corp.	$2,394,000	–	48,165	–	1.98%	–
LH	New	Lab Corp. of America	$2,359,000	–	13,145	–	1.95%	–
LAMR	New	Lamar Advertising	$2,177,000	–	31,872	–	1.80%	–
SYY	New	Sysco Corporation	$2,154,000	–	31,550	–	1.78%	–
CCL	New	Carnival Corp	$2,097,000	–	36,605	–	1.73%	–
CSCO	New	Cisco Systems Inc	$2,093,000	–	48,661	–	1.73%	–
MSFT	New	Microsoft Corp	$2,063,000	–	20,925	–	1.70%	–
IBM	New	International Business Machines	$1,839,000	–	13,165	–	1.52%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,837,000	–	66,410	–	1.52%	–
BAC	New	Bank of America Corp	$1,778,000	–	63,075	–	1.47%	–
AAPL	New	Apple Inc	$1,762,000	–	9,520	–	1.46%	–
DM	New	Dominion Midstream Lput ltd ptnr	$1,741,000	–	128,050	–	1.44%	–
PFE	New	Pfizer Incorporated	$1,525,000	–	42,037	–	1.26%	–
PHYS	New	Sprott Physical Gold ETV	$1,496,000	–	146,998	–	1.24%	–
FDX	New	FedEx Corporation	$1,407,000	–	6,200	–	1.16%	–
PWR	New	Quanta Services Inc	$1,279,000	–	38,305	–	1.06%	–
WFC	New	Wells Fargo & Co.	$1,243,000	–	22,425	–	1.03%	–
RF	New	Regions Financial	$1,229,000	–	69,125	–	1.02%	–
C	New	Citigroup Corp	$1,169,000	–	17,470	–	0.97%	–
XLF	New	Financial Select SPDR	$1,158,000	–	43,585	–	0.96%	–
OUSM	New	O'Shares FTSE Russell Sm Cap	$1,154,000	–	42,540	–	0.95%	–
BPMP	New	BP Midstream Partners Lput ltd ptnr	$1,130,000	–	53,850	–	0.93%	–
CVX	New	ChevronTexaco Corp.	$1,073,000	–	8,489	–	0.89%	–
VET	New	Vermilion Energy Inc	$1,011,000	–	28,088	–	0.84%	–
DHI	New	D R Horton Co	$1,002,000	–	24,450	–	0.83%	–
ASA	New	ASA Limited	$989,000	–	97,000	–	0.82%	–
MDLZ	New	Mondelez International	$933,000	–	22,758	–	0.77%	–
MRK	New	Merck & Co Inc	$932,000	–	15,364	–	0.77%	–
TRP	New	Transcanada Corp	$929,000	–	21,505	–	0.77%	–
SYK	New	Stryker Corp	$909,000	–	5,385	–	0.75%	–
GG	New	Goldcorp Inc	$907,000	–	66,200	–	0.75%	–
PPR	New	Voya Prime Rate Trust	$893,000	–	177,700	–	0.74%	–
SRCLP	New	Stericycle 5.25 cv pfd 09/18	$841,000	–	17,125	–	0.70%	–
HTA	New	Hlthcare Tr Of Amer	$819,000	–	30,413	–	0.68%	–
ZBH	New	Zimmer Holdings Inc	$800,000	–	7,185	–	0.66%	–
MIC	New	Macquarie Infrastructure	$779,000	–	18,480	–	0.64%	–
CEF	New	Central Fund of Canada	$734,000	–	58,625	–	0.61%	–
	New	Market Vectors Gold Miner ETF	$732,000	–	32,840	–	0.60%	–
FMX	New	Fomento Economico Mexicano	$727,000	–	8,285	–	0.60%	–
JPM	New	J. P. Morgan Chase & Co.	$706,000	–	6,780	–	0.58%	–
D	New	Dominion Resources	$701,000	–	10,285	–	0.58%	–
GLD	New	SPDR Gold Shares ETF	$686,000	–	5,785	–	0.57%	–
RDSB	New	Royal Dutch Shell B Adr	$685,000	–	9,430	–	0.57%	–
AMLP	New	ALPS Alerian MLP ETF	$667,000	–	66,043	–	0.55%	–
CL	New	Colgate-Palmolive Co	$655,000	–	10,120	–	0.54%	–
TBF	New	Proshares Short 20 Year Treas	$632,000	–	27,950	–	0.52%	–
PFF	New	iShares U.S. Preferred	$630,000	–	16,725	–	0.52%	–
NYCBPRU	New	NY Community Bank cv pfd	$620,000	–	12,445	–	0.51%	–
SHLX	New	Shell Midstream Lput ltd ptnr	$608,000	–	27,450	–	0.50%	–
WBA	New	Walgreens Boots Alliance	$590,000	–	9,845	–	0.49%	–
FOF	New	C & S Closed End Opportunity	$580,000	–	45,198	–	0.48%	–
MAIN	New	Main Street Capital	$532,000	–	13,980	–	0.44%	–
SGOL	New	ETFS Physical Swiss Gold	$516,000	–	4,270	–	0.43%	–
XOM	New	Exxon Mobil Corp	$508,000	–	6,150	–	0.42%	–
SRLN	New	SPDR Blackstone Senior Loan	$493,000	–	10,505	–	0.41%	–
APU	New	Amerigas Partners Lput ltd ptnr	$483,000	–	11,450	–	0.40%	–
DUK	New	Duke Energy Corp	$462,000	–	5,847	–	0.38%	–
TYG	New	Tortoise Energy Infrastruct	$439,000	–	16,481	–	0.36%	–
RDSA	New	Royal Dutch Shell A Adr	$394,000	–	5,700	–	0.32%	–
SRCL	New	Stericycle Inc	$381,000	–	5,850	–	0.32%	–
ECL	New	Ecolab Inc.	$378,000	–	2,700	–	0.31%	–
HIE	New	Miller Howard High Income	$338,000	–	28,075	–	0.28%	–
ATO	New	Atmos Energy Corp	$316,000	–	3,515	–	0.26%	–
LOW	New	Lowe's Companies	$315,000	–	3,305	–	0.26%	–
WM	New	Waste Management Inc	$309,000	–	3,800	–	0.26%	–
AM	New	Antero Midstream Lput ltd ptnr	$261,000	–	8,850	–	0.22%	–
VHT	New	Vanguard Health Care ETF	$259,000	–	1,628	–	0.21%	–
BSV	New	Vanguard Short Term Bond ETF	$240,000	–	3,075	–	0.20%	–
ZTS	New	Zoetis Inc	$212,000	–	2,500	–	0.18%	–
JPST	New	JPMorgan Ultra Short Bond	$205,000	–	4,100	–	0.17%	–
WCUI	New	Wellness Ctr Usa Inc	$6,000	–	57,000	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
CPLP	Exit	Capital Product Part Lput ltd ptnr	$0	–	-22,500	–	-0.07%	–
EQM	Exit	EQT Midstream Pntrs Lput ltd ptnr	$0	–	-2,715	–	-0.17%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-18,950	–	-0.18%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-9,715	–	-0.19%	–
WTR	Exit	Aqua America Inc	$0	–	-7,019	–	-0.20%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-3,075	–	-0.21%	–
VHT	Exit	Vanguard Health Care ETF	$0	–	-1,628	–	-0.21%	–
BPL	Exit	Buckeye Partners Lput ltd ptnr	$0	–	-4,530	–	-0.22%	–
HCP	Exit	HCP, Inc.	$0	–	-9,400	–	-0.22%	–
LOW	Exit	Lowe's Companies	$0	–	-3,410	–	-0.23%	–
ATO	Exit	Atmos Energy Corp	$0	–	-3,515	–	-0.25%	–
WM	Exit	Waste Management Inc	$0	–	-3,800	–	-0.25%	–
LMRK	Exit	Landmark Infrastruct Lput ltd ptnr	$0	–	-18,250	–	-0.26%	–
CBI	Exit	Chicago Bridge & Iron	$0	–	-19,000	–	-0.27%	–
MEN	Exit	Blackrock MuniEnhanced Fund	$0	–	-27,650	–	-0.28%	–
VTI	Exit	Vanguard Total Stock Mkt	$0	–	-3,010	–	-0.33%	–
HIE	Exit	Miller Howard High Income	$0	–	-28,075	–	-0.34%	–
SRCL	Exit	Stericycle Inc	$0	–	-5,550	–	-0.34%	–
PFF	Exit	iShares U.S. Preferred	$0	–	-11,025	–	-0.36%	–
TYG	Exit	Tortoise Energy Infrastruct	$0	–	-16,285	–	-0.40%	–
TBF	Exit	Proshares Short 20 Year	$0	–	-21,150	–	-0.40%	–
SGOL	Exit	ETFS Physical Swiss Gold	$0	–	-3,875	–	-0.41%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-8,200	–	-0.42%	–
DUK	Exit	Duke Energy Corp	$0	–	-5,947	–	-0.43%	–
SHLX	Exit	Shell Midstream Lput ltd ptnr	$0	–	-18,200	–	-0.43%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-6,312	–	-0.44%	–
APU	Exit	Amerigas Partners Lput ltd ptnr	$0	–	-11,540	–	-0.44%	–
SDP	Exit	Proshares Ultrashort Utilities	$0	–	-20,325	–	-0.44%	–
ECL	Exit	Ecolab Inc.	$0	–	-4,200	–	-0.46%	–
FOF	Exit	C & S Closed End Opportunity	$0	–	-45,750	–	-0.51%	–
JPM	Exit	J. P. Morgan Chase & Co.	$0	–	-6,780	–	-0.55%	–
NYCBPRU	Exit	NY Community Bank cv pfd	$0	–	-13,046	–	-0.56%	–
TRP	Exit	Transcanada Corp	$0	–	-13,805	–	-0.58%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-5,785	–	-0.60%	–
SYK	Exit	Stryker Corp	$0	–	-5,050	–	-0.61%	–
CEF	Exit	Central Fund of Canada	$0	–	-57,815	–	-0.62%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-11,860	–	-0.63%	–
D	Exit	Dominion Resources	$0	–	-10,335	–	-0.68%	–
FMX	Exit	Fomento Economico Mexicano	$0	–	-8,335	–	-0.68%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-27,063	–	-0.69%	–
VET	Exit	Vermilion Energy Inc	$0	–	-23,538	–	-0.71%	–
PWR	Exit	Quanta Services Inc	$0	–	-22,630	–	-0.72%	–
MRK	Exit	Merck & Co Inc	$0	–	-13,255	–	-0.72%	–
MDLZ	Exit	Mondelez International	$0	–	-22,775	–	-0.79%	–
ON	Exit	ON Semiconductor	$0	–	-51,500	–	-0.81%	–
GSK	Exit	GlaxoSmith Kline plc	$0	–	-23,965	–	-0.83%	–
ZBH	Exit	Zimmer Holdings Inc	$0	–	-8,500	–	-0.85%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-8,489	–	-0.85%	–
ENB	Exit	Enbridge Inc	$0	–	-24,055	–	-0.86%	–
SRCLP	Exit	Stericycle cv pfd	$0	–	-17,125	–	-0.86%	–
DHI	Exit	D R Horton Co	$0	–	-26,825	–	-0.91%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-15,190	–	-0.94%	–
XLF	Exit	Financial Select SPDR	$0	–	-44,510	–	-0.98%	–
ASA	Exit	ASA Limited	$0	–	-98,200	–	-0.99%	–
C	Exit	Citigroup Corp	$0	–	-17,155	–	-1.06%	–
FDX	Exit	FedEx Corporation	$0	–	-6,230	–	-1.20%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-18,545	–	-1.22%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-146,998	–	-1.31%	–
AAPL	Exit	Apple Inc	$0	–	-9,991	–	-1.31%	–
MSFT	Exit	Microsoft Corp	$0	–	-20,900	–	-1.33%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-46,830	–	-1.34%	–
BAC	Exit	Bank of America Corp	$0	–	-63,075	–	-1.36%	–
SKT	Exit	Tanger Factory Outlets	$0	–	-66,070	–	-1.38%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-62,760	–	-1.40%	–
SYY	Exit	Sysco Corporation	$0	–	-32,825	–	-1.51%	–
PFE	Exit	Pfizer Incorporated	$0	–	-50,012	–	-1.52%	–
	Exit	Intel Corp.	$0	–	-47,165	–	-1.53%	–
PEGI	Exit	Pattern Energy	$0	–	-75,460	–	-1.55%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-33,875	–	-1.59%	–
FFC	Exit	F&C Preferred Securities Income	$0	–	-91,818	–	-1.68%	–
LH	Exit	Lab Corp. of America	$0	–	-13,845	–	-1.78%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-26,665	–	-1.82%	–
WPC	Exit	W P Carey Inc	$0	–	-32,809	–	-1.88%	–
LAMR	Exit	Lamar Advertising	$0	–	-32,265	–	-1.88%	–
CCL	Exit	Carnival Corp	$0	–	-36,195	–	-1.99%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-13,182	–	-2.20%	–
ABT	Exit	Abbott Laboratories	$0	–	-50,065	–	-2.28%	–
VTR	Exit	Ventas Inc	$0	–	-42,645	–	-2.37%	–
WELLPRI	Exit	Welltower Inc cv pfd	$0	–	-43,875	–	-2.37%	–
DM	Exit	Dominion Midstream Lput ltd ptnr	$0	–	-92,455	–	-2.52%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-92,618	–	-2.77%	–
PG	Exit	Procter & Gamble Co	$0	–	-39,724	–	-3.08%	–
KO	Exit	Coca Cola Company	$0	–	-84,225	–	-3.23%	–
PEP	Exit	Pepsico Inc	$0	–	-36,435	–	-3.46%	–
CFG	Exit	Citizens Finl Group	$0	–	-107,615	–	-3.48%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-38,695	–	-3.48%	–
JNJ	Exit	Johnson & Johnson	$0	–	-35,222	–	-3.90%	–
NEP	Exit	Nextera Era Energy Partners	$0	–	-167,816	–	-5.76%	–

Q3 2017

			Value		Shares		↓ Weighting
NEP	Sell	Nextera Era Energy Partners	$6,761,000	-24.7%	167,816	-30.9%	5.76%	-20.7%
JNJ	Sell	Johnson & Johnson	$4,579,000	-8.4%	35,222	-6.8%	3.90%	-3.6%
IGSB	Sell	iShares Barclays 1-3 yr Bond	$4,076,000	-3.3%	38,695	-3.3%	3.48%	+1.8%
CFG	Buy	Citizens Finl Group	$4,075,000	+65.2%	107,615	+55.6%	3.48%	+73.9%
PEP	Sell	Pepsico Inc	$4,059,000	-10.9%	36,435	-7.6%	3.46%	-6.2%
KO	Sell	Coca Cola Company	$3,790,000	-7.2%	84,225	-7.6%	3.23%	-2.4%
PG	Sell	Procter & Gamble Co	$3,614,000	-6.1%	39,724	-10.0%	3.08%	-1.1%
PBA	Sell	Pembina Pipeline Corp	$3,250,000	+0.4%	92,618	-5.3%	2.77%	+5.7%
DM	Buy	Dominion Midstream Lput ltd ptnr	$2,958,000	+26.4%	92,455	+14.0%	2.52%	+33.0%
WELLPRI	Buy	Welltower Inc cv pfd	$2,782,000	-4.1%	43,875	+0.2%	2.37%	+1.0%
VTR	Sell	Ventas Inc	$2,777,000	-13.7%	42,645	-7.9%	2.37%	-9.1%
ABT	Sell	Abbott Laboratories	$2,671,000	+7.6%	50,065	-2.0%	2.28%	+13.3%
BDX	Sell	Becton Dickinson & Co	$2,583,000	-2.0%	13,182	-2.4%	2.20%	+3.2%
CCL	Sell	Carnival Corp	$2,337,000	-7.8%	36,195	-6.4%	1.99%	-2.9%
LAMR	Buy	Lamar Advertising	$2,211,000	-4.7%	32,265	+2.3%	1.88%	+0.3%
WPC	Sell	W P Carey Inc	$2,211,000	-8.4%	32,809	-10.3%	1.88%	-3.6%
LH	Sell	Lab Corp. of America	$2,090,000	-11.8%	13,845	-9.9%	1.78%	-7.1%
FFC	Sell	F&C Preferred Securities Income	$1,964,000	-4.7%	91,818	-2.1%	1.68%	+0.3%
WFC	Sell	Wells Fargo & Co.	$1,868,000	-7.0%	33,875	-6.6%	1.59%	-2.1%
	New	Intel Corp.	$1,796,000	–	47,165	–	1.53%	–
PFE	Sell	Pfizer Incorporated	$1,785,000	-4.9%	50,012	-10.5%	1.52%	+0.1%
SYY	Sell	Sysco Corporation	$1,770,000	-4.9%	32,825	-11.3%	1.51%	+0.1%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$1,636,000	+1.2%	62,760	+5.1%	1.40%	+6.5%
SKT	Sell	Tanger Factory Outlets	$1,613,000	-18.2%	66,070	-12.9%	1.38%	-13.9%
BAC	Sell	Bank of America Corp	$1,598,000	-10.3%	63,075	-14.2%	1.36%	-5.6%
CSCO	Sell	Cisco Systems Inc	$1,574,000	-6.5%	46,830	-13.0%	1.34%	-1.6%
MSFT	Sell	Microsoft Corp	$1,556,000	-5.5%	20,900	-12.6%	1.33%	-0.5%
AAPL	Sell	Apple Inc	$1,539,000	+1.0%	9,991	-5.6%	1.31%	+6.2%
PHYS	Buy	Sprott Physical Gold ETV	$1,534,000	+4.5%	146,998	+1.4%	1.31%	+10.0%
WBA	Sell	Walgreens Boots Alliance	$1,432,000	-28.2%	18,545	-27.2%	1.22%	-24.4%
FDX	Sell	FedEx Corporation	$1,405,000	-12.1%	6,230	-15.3%	1.20%	-7.5%
C	Sell	Citigroup Corp	$1,247,000	-4.2%	17,155	-11.8%	1.06%	+0.9%
ASA	Buy	ASA Limited	$1,166,000	+2.6%	98,200	+1.0%	0.99%	+8.0%
XLF	New	Financial Select SPDR	$1,151,000	–	44,510	–	0.98%	–
CL	Sell	Colgate-Palmolive Co	$1,106,000	-7.8%	15,190	-6.2%	0.94%	-3.0%
DHI	Sell	D R Horton Co	$1,071,000	-25.5%	26,825	-35.5%	0.91%	-21.6%
SRCLP	Sell	Stericycle cv pfd	$1,007,000	-28.8%	17,125	-19.0%	0.86%	-25.0%
ENB	Sell	Enbridge Inc	$1,006,000	-16.7%	24,055	-20.7%	0.86%	-12.3%
ZBH	Buy	Zimmer Holdings Inc	$995,000	-5.1%	8,500	+4.0%	0.85%	-0.2%
GSK	Sell	GlaxoSmith Kline plc	$972,000	-25.3%	23,965	-20.7%	0.83%	-21.4%
ON	Buy	ON Semiconductor	$951,000	+39.6%	51,500	+6.0%	0.81%	+46.9%
MDLZ	Sell	Mondelez International	$926,000	-6.7%	22,775	-0.9%	0.79%	-1.7%
PWR	New	Quanta Services Inc	$845,000	–	22,630	–	0.72%	–
VET	Buy	Vermilion Energy Inc	$837,000	+15.6%	23,538	+3.1%	0.71%	+21.6%
HTA	Buy	Hlthcare Tr Of Amer	$806,000	+6.1%	27,063	+10.7%	0.69%	+11.5%
RDSB	Sell	Royal Dutch Shell B Adr	$741,000	-14.1%	11,860	-25.2%	0.63%	-9.6%
CEF	Buy	Central Fund of Canada	$732,000	+6.4%	57,815	+3.5%	0.62%	+12.0%
GLD	Buy	SPDR Gold Shares ETF	$703,000	+4.0%	5,785	+0.9%	0.60%	+9.3%
TRP	Sell	Transcanada Corp	$682,000	-23.4%	13,805	-26.1%	0.58%	-19.3%
NYCBPRU	Buy	NY Community Bank cv pfd	$663,000	+18.4%	13,046	+19.9%	0.56%	+24.4%
FOF	New	C & S Closed End Opportunity	$603,000	–	45,750	–	0.51%	–
SDP	Sell	Proshares Ultrashort Utilities	$522,000	-15.5%	20,325	-11.0%	0.44%	-11.2%
XOM	Sell	Exxon Mobil Corp	$517,000	-12.4%	6,312	-13.7%	0.44%	-7.7%
SHLX	Buy	Shell Midstream Lput ltd ptnr	$506,000	+2.0%	18,200	+11.0%	0.43%	+7.2%
DUK	Buy	Duke Energy Corp	$499,000	+1.4%	5,947	+1.0%	0.43%	+6.8%
RDSA	Sell	Royal Dutch Shell A Adr	$496,000	-0.6%	8,200	-12.8%	0.42%	+4.7%
TBF	New	Proshares Short 20 Year	$473,000	–	21,150	–	0.40%	–
TYG	Buy	Tortoise Energy Infrastruct	$471,000	+52.4%	16,285	+59.9%	0.40%	+60.8%
SRCL	Sell	Stericycle Inc	$397,000	-57.4%	5,550	-54.6%	0.34%	-55.2%
VTI	New	Vanguard Total Stock Mkt	$389,000	–	3,010	–	0.33%	–
MEN	Buy	Blackrock MuniEnhanced Fund	$328,000	+2.2%	27,650	+2.4%	0.28%	+7.7%
CBI	Buy	Chicago Bridge & Iron	$319,000	+38.7%	19,000	+62.4%	0.27%	+46.2%
LMRK	Buy	Landmark Infrastruct Lput ltd ptnr	$309,000	+39.2%	18,250	+31.3%	0.26%	+46.7%
ATO	Buy	Atmos Energy Corp	$294,000	+2.8%	3,515	+1.9%	0.25%	+8.2%
LOW	New	Lowe's Companies	$272,000	–	3,410	–	0.23%	–
HCP	Sell	HCP, Inc.	$261,000	-69.8%	9,400	-65.2%	0.22%	-68.1%
BPL	Buy	Buckeye Partners Lput ltd ptnr	$258,000	+22.9%	4,530	+37.9%	0.22%	+29.4%
VHT	Sell	Vanguard Health Care ETF	$247,000	-58.3%	1,628	-59.6%	0.21%	-56.0%
	Buy	Market Vectors Gold Miner ETF	$223,000	+7.2%	9,715	+2.8%	0.19%	+13.1%
AMLP	Buy	ALPS Alerian MLP ETF	$212,000	+68.3%	18,950	+79.6%	0.18%	+77.5%
EQM	New	EQT Midstream Pntrs Lput ltd ptnr	$203,000	–	2,715	–	0.17%	–
WBK	Exit	Westpac Bank ADR	$0	–	-11,100	–	-0.21%	–
ACETQ	Exit	Aceto Corp	$0	–	-18,175	–	-0.23%	–
HRL	Exit	Hormel Foods Corp	$0	–	-9,350	–	-0.26%	–
HCN	Exit	Welltower Inc	$0	–	-4,495	–	-0.27%	–
VZ	Exit	Verizon Communications	$0	–	-13,890	–	-0.50%	–
XLB	Exit	SPDR Materials Sector ETF	$0	–	-12,165	–	-0.53%	–
ABBV	Exit	AbbVie Inc	$0	–	-36,395	–	-2.14%	–

Q2 2017

			Value		Shares		↓ Weighting
NEP	New	Nextera Era Energy Partners	$8,977,000	–	242,702	–	7.27%	–
JNJ	New	Johnson & Johnson	$4,999,000	–	37,790	–	4.05%	–
PEP	New	Pepsico Inc	$4,554,000	–	39,440	–	3.69%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$4,214,000	–	40,020	–	3.41%	–
KO	New	Coca Cola Company	$4,086,000	–	91,125	–	3.31%	–
PG	New	Procter & Gamble Co	$3,848,000	–	44,162	–	3.12%	–
PBA	New	Pembina Pipeline Corp	$3,237,000	–	97,753	–	2.62%	–
VTR	New	Ventas Inc	$3,216,000	–	46,295	–	2.60%	–
WELLPRI	New	Welltower Inc cv pfdpfd	$2,900,000	–	43,775	–	2.35%	–
ABBV	New	AbbVie Inc	$2,639,000	–	36,395	–	2.14%	–
BDX	New	Becton Dickinson & Co	$2,635,000	–	13,507	–	2.14%	–
CCL	New	Carnival Corp	$2,534,000	–	38,655	–	2.05%	–
ABT	New	Abbott Laboratories	$2,482,000	–	51,065	–	2.01%	–
CFG	New	Citizens Finl Group	$2,467,000	–	69,145	–	2.00%	–
WPC	New	W P Carey Inc	$2,413,000	–	36,558	–	1.96%	–
LH	New	Lab Corp. of America	$2,369,000	–	15,370	–	1.92%	–
DM	New	Dominion Midstream Lput ltd ptnr	$2,340,000	–	81,125	–	1.90%	–
LAMR	New	Lamar Advertising	$2,319,000	–	31,530	–	1.88%	–
VCSH	New	Vanguard Short-Term Corp	$2,134,000	–	26,665	–	1.73%	–
FFC	New	F&C Preferred Securities Income	$2,061,000	–	93,818	–	1.67%	–
WFC	New	Wells Fargo & Co.	$2,009,000	–	36,275	–	1.63%	–
WBA	New	Walgreens Boots Alliance	$1,994,000	–	25,465	–	1.62%	–
SKT	New	Tanger Factory Outlets	$1,971,000	–	75,895	–	1.60%	–
PFE	New	Pfizer Incorporated	$1,876,000	–	55,862	–	1.52%	–
SYY	New	Sysco Corporation	$1,862,000	–	37,000	–	1.51%	–
PEGI	New	Pattern Energy	$1,798,000	–	75,460	–	1.46%	–
BAC	New	Bank of America Corp	$1,782,000	–	73,475	–	1.44%	–
CSCO	New	Cisco Systems Inc	$1,684,000	–	53,830	–	1.36%	–
MSFT	New	Microsoft Corp	$1,647,000	–	23,900	–	1.33%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,617,000	–	59,735	–	1.31%	–
FDX	New	FedEx Corporation	$1,598,000	–	7,355	–	1.30%	–
AAPL	New	Apple Inc	$1,524,000	–	10,586	–	1.24%	–
PHYS	New	Sprott Physical Gold ETV	$1,468,000	–	144,998	–	1.19%	–
DHI	New	D R Horton Co	$1,437,000	–	41,575	–	1.16%	–
SRCLP	New	Stericycle cv pfdpfd	$1,414,000	–	21,130	–	1.14%	–
GSK	New	GlaxoSmith Kline plc	$1,302,000	–	30,215	–	1.06%	–
C	New	Citigroup Corp	$1,301,000	–	19,455	–	1.05%	–
ENB	New	Enbridge Inc	$1,207,000	–	30,328	–	0.98%	–
CL	New	Colgate-Palmolive Co	$1,200,000	–	16,190	–	0.97%	–
ASA	New	ASA Limited	$1,136,000	–	97,200	–	0.92%	–
ZBH	New	Zimmer Holdings Inc	$1,049,000	–	8,170	–	0.85%	–
MDLZ	New	Mondelez International	$992,000	–	22,975	–	0.80%	–
SRCL	New	Stericycle Inc	$933,000	–	12,225	–	0.76%	–
TRP	New	Transcanada Corp	$890,000	–	18,680	–	0.72%	–
CVX	New	ChevronTexaco Corp.	$885,000	–	8,489	–	0.72%	–
RDSB	New	Royal Dutch Shell B Adr	$863,000	–	15,860	–	0.70%	–
HCP	New	HCP, Inc.	$863,000	–	27,025	–	0.70%	–
MRK	New	Merck & Co Inc	$849,000	–	13,255	–	0.69%	–
FMX	New	Fomento Economico Mexicano	$819,000	–	8,335	–	0.66%	–
D	New	Dominion Resources	$791,000	–	10,335	–	0.64%	–
HTA	New	Hlthcare Tr Of Amer	$760,000	–	24,438	–	0.62%	–
VET	New	Vermilion Energy Inc	$724,000	–	22,838	–	0.59%	–
SYK	New	Stryker Corp	$700,000	–	5,050	–	0.57%	–
CEF	New	Central Fund of Canada	$688,000	–	55,865	–	0.56%	–
ON	New	ON Semiconductor	$681,000	–	48,575	–	0.55%	–
GLD	New	SPDR Gold Shares ETF	$676,000	–	5,735	–	0.55%	–
XLB	New	SPDR Materials Sector ETF	$654,000	–	12,165	–	0.53%	–
VZ	New	Verizon Communications	$620,000	–	13,890	–	0.50%	–
SDP	New	Proshares Ultrashort Utilities	$618,000	–	22,825	–	0.50%	–
JPM	New	J. P. Morgan Chase & Co.	$619,000	–	6,780	–	0.50%	–
VHT	New	Vanguard Health Care ETF	$593,000	–	4,028	–	0.48%	–
XOM	New	Exxon Mobil Corp	$590,000	–	7,312	–	0.48%	–
NYCBPRU	New	NY Community Bank cv pfdpfd	$560,000	–	10,885	–	0.45%	–
ECL	New	Ecolab Inc.	$557,000	–	4,200	–	0.45%	–
APU	New	Amerigas Partners Lput ltd ptnr	$521,000	–	11,540	–	0.42%	–
RDSA	New	Royal Dutch Shell A Adr	$499,000	–	9,400	–	0.40%	–
SHLX	New	Shell Midstream Lp	$496,000	–	16,400	–	0.40%	–
DUK	New	Duke Energy Corp	$492,000	–	5,887	–	0.40%	–
SGOL	New	ETFS Physical Swiss Gold	$466,000	–	3,875	–	0.38%	–
PFF	New	iShares U.S. Preferred	$431,000	–	11,025	–	0.35%	–
HIE	New	Miller Howard High Income	$377,000	–	28,075	–	0.30%	–
HCN	New	Welltower Inc	$336,000	–	4,495	–	0.27%	–
MEN	New	Blackrock MuniEnhanced Fund	$321,000	–	27,000	–	0.26%	–
HRL	New	Hormel Foods Corp	$318,000	–	9,350	–	0.26%	–
TYG	New	Tortoise Energy Infrastruct	$309,000	–	10,185	–	0.25%	–
ATO	New	Atmos Energy Corp	$286,000	–	3,450	–	0.23%	–
ACETQ	New	Aceto Corp	$280,000	–	18,175	–	0.23%	–
WM	New	Waste Management Inc	$278,000	–	3,800	–	0.22%	–
WBK	New	Westpac Bank ADR	$259,000	–	11,100	–	0.21%	–
BSV	New	Vanguard Short Term Bond ETF	$245,000	–	3,075	–	0.20%	–
WTR	New	Aqua America Inc	$233,000	–	7,019	–	0.19%	–
CBI	New	Chicago Bridge & Iron	$230,000	–	11,700	–	0.19%	–
LMRK	New	Landmark Infrastruct Lput ltd ptnr	$222,000	–	13,900	–	0.18%	–
BPL	New	Buckeye Partners Uts Lput ltd ptnr	$210,000	–	3,285	–	0.17%	–
	New	Market Vectors Gold Miner ETF	$208,000	–	9,450	–	0.17%	–
AMLP	New	ALPS Alerian MLP ETF	$126,000	–	10,550	–	0.10%	–
CPLP	New	Capital Product Part Lput ltd ptnr	$76,000	–	22,500	–	0.06%	–

Q4 2016

			Value		Shares		↓ Weighting
CPLP	Exit	Capital Product Part Lput ltd ptnr	$0	–	-26,000	–	-0.07%	–
FAX	Exit	Aberdeen Asia Pacific Income	$0	–	-35,490	–	-0.15%	–
LMRK	Exit	Landmark Infrastruct Lput ltd ptnr	$0	–	-10,900	–	-0.16%	–
CNP	Exit	Centerpoint Energy Inc	$0	–	-9,325	–	-0.18%	–
KR	Exit	Kroger Company	$0	–	-7,800	–	-0.19%	–
BPL	Exit	Buckeye Partners Uts Lput ltd ptnr	$0	–	-3,285	–	-0.20%	–
WBK	Exit	Westpac Bank ADR	$0	–	-11,100	–	-0.21%	–
WM	Exit	Waste Management Inc	$0	–	-4,075	–	-0.22%	–
HCN	Exit	Health Care REIT Inc	$0	–	-4,150	–	-0.26%	–
TYG	Exit	Tortoise Energy Infrastruct	$0	–	-11,064	–	-0.28%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-4,250	–	-0.29%	–
SEP	Exit	Spectra Energy Partnersut ltd ptnr	$0	–	-8,425	–	-0.31%	–
CMCSA	Exit	Comcast Corp. A	$0	–	-5,565	–	-0.31%	–
ACETQ	Exit	Aceto Corp	$0	–	-20,425	–	-0.32%	–
GEO	Exit	G E O Group Inc New	$0	–	-16,850	–	-0.33%	–
SHLX	Exit	Shell Midstream Lput ltd ptnr	$0	–	-14,200	–	-0.38%	–
MEN	Exit	Blackrock MuniEnhanced Fund	$0	–	-36,500	–	-0.39%	–
SGOL	Exit	ETFS Physical Swiss Gold	$0	–	-3,735	–	-0.40%	–
CEF	Exit	Central Fund of Canada	$0	–	-34,650	–	-0.40%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-9,700	–	-0.40%	–
NYCBPRU	Exit	NY Community Bank cv pfd	$0	–	-9,775	–	-0.41%	–
ECL	Exit	Ecolab Inc.	$0	–	-4,200	–	-0.43%	–
MYL	Exit	Mylan N V	$0	–	-13,475	–	-0.43%	–
APU	Exit	Amerigas Partners Lput ltd ptnr	$0	–	-11,540	–	-0.44%	–
SYK	Exit	Stryker Corput ltd ptnr	$0	–	-5,050	–	-0.49%	–
XLB	Exit	SPDR Materials Sector ETF	$0	–	-12,565	–	-0.50%	–
SNY	Exit	Sanofi Adr	$0	–	-15,825	–	-0.50%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-18,675	–	-0.51%	–
SO	Exit	Southern Company	$0	–	-13,670	–	-0.58%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-8,062	–	-0.59%	–
GLD	Exit	SPDR Gold Shares ETF	$0	–	-5,615	–	-0.59%	–
VZ	Exit	Verizon Communications	$0	–	-14,040	–	-0.61%	–
DIS	Exit	Walt Disney Co	$0	–	-8,040	–	-0.62%	–
DGX	Exit	Quest Diagnostic Inc	$0	–	-9,570	–	-0.67%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-15,860	–	-0.70%	–
D	Exit	Dominion Resources	$0	–	-11,500	–	-0.71%	–
MRK	Exit	Merck & Co Inc	$0	–	-13,825	–	-0.72%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-8,489	–	-0.73%	–
ATO	Exit	Atmos Energy Corp	$0	–	-11,750	–	-0.73%	–
TRP	Exit	Transcanada Corp	$0	–	-18,680	–	-0.74%	–
VET	Exit	Vermilion Energy Inc	$0	–	-23,550	–	-0.76%	–
SRCL	Exit	Stericycle Inc	$0	–	-11,505	–	-0.77%	–
TGT	Exit	Target Corp	$0	–	-15,915	–	-0.91%	–
FDX	Exit	FedEx Corporation	$0	–	-6,435	–	-0.94%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-15,551	–	-0.96%	–
BAC	Exit	Bank of America Corp	$0	–	-76,075	–	-0.99%	–
ASA	Exit	ASA Limited	$0	–	-81,150	–	-1.00%	–
DNKN	Exit	Dunkin Brands Group	$0	–	-23,195	–	-1.01%	–
HCP	Exit	HCP, Inc.	$0	–	-32,025	–	-1.01%	–
SRCLP	Exit	Stericycle 5.25% cv pfd 09/18	$0	–	-18,500	–	-1.02%	–
AAPL	Exit	Apple Inc	$0	–	-10,971	–	-1.03%	–
NSS	Exit	Nustar 7.625% fixed/float 2018	$0	–	-50,060	–	-1.07%	–
WFC	Exit	Wells Fargo & Co.	$0	–	-29,295	–	-1.08%	–
SE	Exit	Spectra Energy Corp	$0	–	-30,825	–	-1.10%	–
MSFT	Exit	Microsoft Corp	$0	–	-24,000	–	-1.15%	–
GSK	Exit	GlaxoSmith Kline plc	$0	–	-32,315	–	-1.16%	–
DUK	Exit	Duke Energy Corp	$0	–	-18,173	–	-1.21%	–
AJG	Exit	Arthur J Gallagher	$0	–	-28,866	–	-1.22%	–
PHYS	Exit	Sprott Physical Gold ETV	$0	–	-144,508	–	-1.32%	–
MDLZ	Exit	Mondelez International	$0	–	-36,975	–	-1.35%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-60,660	–	-1.40%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-53,805	–	-1.42%	–
AESPRC	Exit	AES Trust 6.75% cv pfd	$0	–	-33,635	–	-1.43%	–
NYCB	Exit	NY Community Bancorp	$0	–	-124,700	–	-1.48%	–
DM	Exit	Dominion Midstream Lput ltd ptnr	$0	–	-76,925	–	-1.53%	–
CCL	Exit	Carnival Corp	$0	–	-39,155	–	-1.59%	–
PFE	Exit	Pfizer Incorporated	$0	–	-56,562	–	-1.60%	–
MET	Exit	Metlife Inc	$0	–	-43,237	–	-1.60%	–
SJI	Exit	South Jersey Industries	$0	–	-66,635	–	-1.64%	–
SYY	Exit	Sysco Corporation	$0	–	-40,350	–	-1.65%	–
FFC	Exit	F&C Preferred Securities Income	$0	–	-97,718	–	-1.69%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-25,790	–	-1.73%	–
LAMR	Exit	Lamar Advertising	$0	–	-33,030	–	-1.80%	–
ABT	Exit	Abbott Laboratories	$0	–	-51,623	–	-1.82%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-27,665	–	-1.86%	–
LH	Exit	Lab Corp. of America	$0	–	-16,370	–	-1.88%	–
WPC	Exit	W P Carey Inc	$0	–	-36,931	–	-1.99%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-13,507	–	-2.02%	–
ABBV	Exit	AbbVie Inc	$0	–	-38,670	–	-2.03%	–
WELLPRI	Exit	Welltower Inc cv pfd	$0	–	-41,290	–	-2.29%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-107,153	–	-2.72%	–
VTR	Exit	Ventas Inc	$0	–	-46,745	–	-2.75%	–
KO	Exit	Coca Cola Company	$0	–	-87,720	–	-3.09%	–
PG	Exit	Procter & Gamble Co	$0	–	-46,760	–	-3.50%	–
PEP	Exit	Pepsico Inc	$0	–	-39,476	–	-3.58%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-42,420	–	-3.74%	–
JNJ	Exit	Johnson & Johnson	$0	–	-38,474	–	-3.79%	–
NEP	Exit	Nextera Era Energy Partnersut ltd ptnr	$0	–	-180,155	–	-4.20%	–

Q3 2016

			Value		Shares		↓ Weighting
NEP	Buy	Nextera Era Energy Partnersut ltd ptnr	$5,038,000	+4.0%	180,155	+12.9%	4.20%	+6.0%
JNJ	Sell	Johnson & Johnson	$4,544,000	-7.5%	38,474	-5.1%	3.79%	-5.7%
IGSB	Buy	iShares Barclays 1-3 yr Bond	$4,486,000	+0.0%	42,420	+0.4%	3.74%	+2.0%
PEP	Sell	Pepsico Inc	$4,293,000	-1.3%	39,476	-3.9%	3.58%	+0.6%
PG	Sell	Procter & Gamble Co	$4,196,000	+5.2%	46,760	-0.7%	3.50%	+7.3%
KO	Sell	Coca Cola Company	$3,712,000	-10.2%	87,720	-3.8%	3.09%	-8.5%
VTR	Sell	Ventas Inc	$3,301,000	-5.4%	46,745	-2.5%	2.75%	-3.5%
PBA	Sell	Pembina Pipeline Corp	$3,263,000	-0.2%	107,153	-0.6%	2.72%	+1.7%
WELLPRI	Sell	Welltower Inc cv pfd	$2,747,000	-2.6%	41,290	-0.8%	2.29%	-0.7%
ABBV	Sell	AbbVie Inc	$2,438,000	+1.3%	38,670	-0.5%	2.03%	+3.3%
WPC	Sell	W P Carey Inc	$2,383,000	-7.2%	36,931	-0.1%	1.99%	-5.3%
VCSH	Buy	Vanguard Short-Term Corp	$2,228,000	+0.2%	27,665	+0.5%	1.86%	+2.1%
ABT	Sell	Abbott Laboratories	$2,183,000	+7.1%	51,623	-0.5%	1.82%	+9.1%
LAMR	Buy	Lamar Advertising	$2,157,000	+31.0%	33,030	+32.9%	1.80%	+33.6%
WBA	Buy	Walgreens Boots Alliance	$2,079,000	+16.3%	25,790	+20.1%	1.73%	+18.5%
SYY	Sell	Sysco Corporation	$1,977,000	-3.9%	40,350	-0.5%	1.65%	-2.0%
SJI	Sell	South Jersey Industries	$1,969,000	-25.1%	66,635	-19.8%	1.64%	-23.6%
MET	Buy	Metlife Inc	$1,921,000	+13.7%	43,237	+1.9%	1.60%	+15.9%
PFE	Sell	Pfizer Incorporated	$1,915,000	-4.6%	56,562	-0.8%	1.60%	-2.7%
CCL	Buy	Carnival Corp	$1,911,000	+38.7%	39,155	+25.5%	1.59%	+41.5%
DM	Buy	Dominion Midstream Lput ltd ptnr	$1,839,000	+130.7%	76,925	+171.3%	1.53%	+135.5%
NYCB	Buy	NY Community Bancorp	$1,774,000	+2.8%	124,700	+8.3%	1.48%	+4.9%
AESPRC	Sell	AES Trust 6.75% cv pfd	$1,715,000	-2.6%	33,635	-0.6%	1.43%	-0.7%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$1,676,000	+1.3%	60,660	+7.2%	1.40%	+3.3%
DUK	Sell	Duke Energy Corp	$1,454,000	-37.7%	18,173	-33.2%	1.21%	-36.5%
WFC	New	Wells Fargo & Co.	$1,297,000	–	29,295	–	1.08%	–
SRCLP	Sell	Stericycle 5.25% cv pfd 09/18	$1,225,000	-32.8%	18,500	-15.7%	1.02%	-31.5%
HCP	Sell	HCP, Inc.	$1,215,000	-4.8%	32,025	-11.2%	1.01%	-2.9%
DNKN	Sell	Dunkin Brands Group	$1,207,000	+17.0%	23,195	-2.0%	1.01%	+19.2%
ASA	Buy	ASA Limited	$1,202,000	+0.5%	81,150	+0.2%	1.00%	+2.5%
BAC	Buy	Bank of America Corp	$1,190,000	+22.8%	76,075	+4.1%	0.99%	+25.3%
FDX	New	FedEx Corporation	$1,124,000	–	6,435	–	0.94%	–
TGT	Sell	Target Corp	$1,093,000	-4.6%	15,915	-3.0%	0.91%	-2.8%
SRCL	Buy	Stericycle Inc	$922,000	+36.4%	11,505	+77.0%	0.77%	+38.9%
VET	New	Vermilion Energy Inc	$912,000	–	23,550	–	0.76%	–
ATO	Sell	Atmos Energy Corp	$875,000	-29.4%	11,750	-23.0%	0.73%	-28.1%
MRK	Sell	Merck & Co Inc	$862,000	+7.9%	13,825	-0.4%	0.72%	+10.0%
RDSB	Buy	Royal Dutch Shell B Adr	$837,000	-5.2%	15,860	+0.5%	0.70%	-3.3%
DIS	Buy	Walt Disney Co	$746,000	+4.3%	8,040	+9.9%	0.62%	+6.5%
GLD	Sell	SPDR Gold Shares ETF	$705,000	-2.4%	5,615	-1.7%	0.59%	-0.3%
SO	Sell	Southern Company	$701,000	-15.1%	13,670	-11.3%	0.58%	-13.5%
HTA	Sell	Hlthcare Tr Of Amer	$609,000	-11.5%	18,675	-12.2%	0.51%	-9.6%
SNY	Buy	Sanofi Adr	$604,000	-6.9%	15,825	+2.0%	0.50%	-5.3%
XLB	New	SPDR Materials Sector ETF	$599,000	–	12,565	–	0.50%	–
APU	Buy	Amerigas Partners Lput ltd ptnr	$526,000	-1.5%	11,540	+0.8%	0.44%	+0.2%
MYL	Sell	Mylan N V	$513,000	-29.8%	13,475	-20.4%	0.43%	-28.4%
NYCBPRU	Buy	NY Community Bank cv pfd	$489,000	+80.4%	9,775	+81.4%	0.41%	+83.8%
RDSA	Sell	Royal Dutch Shell A Adr	$485,000	-13.9%	9,700	-4.9%	0.40%	-12.2%
CEF	Buy	Central Fund of Canada	$479,000	+9.6%	34,650	+10.2%	0.40%	+11.8%
MEN	Sell	Blackrock MuniEnhanced Fund	$463,000	-4.5%	36,500	-3.4%	0.39%	-2.5%
SHLX	Buy	Shell Midstream Lput ltd ptnr	$455,000	-0.2%	14,200	+5.2%	0.38%	+1.6%
GEO	Sell	G E O Group Inc New	$400,000	-51.3%	16,850	-29.9%	0.33%	-50.4%
SEP	Buy	Spectra Energy Partnersut ltd ptnr	$368,000	+44.3%	8,425	+55.9%	0.31%	+47.6%
BSV	Sell	Vanguard Short Term Bond ETF	$343,000	-1.4%	4,250	-1.2%	0.29%	+0.7%
WM	Sell	Waste Management Inc	$259,000	-18.6%	4,075	-15.3%	0.22%	-16.9%
WBK	Sell	Westpac Bank ADR	$252,000	-8.7%	11,100	-11.2%	0.21%	-7.1%
BPL	Sell	Buckeye Partners Uts Lput ltd ptnr	$235,000	+1.7%	3,285	-0.0%	0.20%	+3.7%
KR	New	Kroger Company	$231,000	–	7,800	–	0.19%	–
CNP	Sell	Centerpoint Energy Inc	$216,000	-63.5%	9,325	-62.2%	0.18%	-62.8%
FAX	Sell	Aberdeen Asia Pacific Income	$181,000	-87.4%	35,490	-87.6%	0.15%	-87.1%
SXL	Exit	Sunoco Logistics Ptnr Lput ltd ptnr	$0	–	-7,000	–	-0.16%	–
GAS	Exit	AGL Resources	$0	–	-3,080	–	-0.17%	–
	Exit	Bristol-Myers Squibb Co	$0	–	-3,037	–	-0.18%	–
MKCV	Exit	McCormick & Co Inc	$0	–	-2,400	–	-0.21%	–
IFF	Exit	Int'l Flavors & Fragrances	$0	–	-2,850	–	-0.29%	–
VNQ	Exit	Vanguard REIT	$0	–	-5,670	–	-0.41%	–
UPS	Exit	United Parcel Service B	$0	–	-10,045	–	-0.88%	–
MJN	Exit	Mead Johnson Nutrition	$0	–	-21,480	–	-1.59%	–

Q2 2016

			Value		Shares		↓ Weighting
JNJ	New	Johnson & Johnson	$4,915,000	–	40,524	–	4.02%	–
NEP	New	Nextera Energy Partnersut ltd ptnr	$4,846,000	–	159,529	–	3.96%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$4,484,000	–	42,270	–	3.66%	–
PEP	New	Pepsico Inc	$4,351,000	–	41,076	–	3.56%	–
KO	New	Coca Cola Company	$4,135,000	–	91,220	–	3.38%	–
PG	New	Procter & Gamble Co	$3,987,000	–	47,095	–	3.26%	–
VTR	New	Ventas Inc	$3,489,000	–	47,920	–	2.85%	–
PBA	New	Pembina Pipeline Corp	$3,271,000	–	107,833	–	2.67%	–
WELLPRI	New	Welltower Inc cv pfd	$2,821,000	–	41,615	–	2.31%	–
SJI	New	South Jersey Industries	$2,628,000	–	83,135	–	2.15%	–
WPC	New	W P Carey Inc	$2,567,000	–	36,980	–	2.10%	–
ABBV	New	AbbVie Inc	$2,406,000	–	38,870	–	1.97%	–
DUK	New	Duke Energy Corp	$2,334,000	–	27,215	–	1.91%	–
BDX	New	Becton Dickinson & Co	$2,290,000	–	13,507	–	1.87%	–
VCSH	New	Vanguard Short-Term Corp	$2,224,000	–	27,515	–	1.82%	–
LH	New	Lab Corp. of America	$2,132,000	–	16,370	–	1.74%	–
FFC	New	F&C Preferred Securities Income	$2,116,000	–	97,718	–	1.73%	–
SYY	New	Sysco Corporation	$2,057,000	–	40,550	–	1.68%	–
ABT	New	Abbott Laboratories	$2,039,000	–	51,878	–	1.67%	–
PFE	New	Pfizer Incorporated	$2,008,000	–	57,037	–	1.64%	–
MJN	New	Mead Johnson Nutrition	$1,949,000	–	21,480	–	1.59%	–
SRCLP	New	Stericycle 5.25% cv pfd 09/18	$1,824,000	–	21,935	–	1.49%	–
WBA	New	Walgreens Boots Alliance	$1,788,000	–	21,480	–	1.46%	–
AESPRC	New	AES Trust 6.75% cv pfd	$1,761,000	–	33,835	–	1.44%	–
NYCB	New	NY Community Bancorp	$1,725,000	–	115,100	–	1.41%	–
MET	New	Metlife Inc	$1,689,000	–	42,427	–	1.38%	–
MDLZ	New	Mondelez International	$1,682,000	–	36,975	–	1.38%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,655,000	–	56,585	–	1.35%	–
LAMR	New	Lamar Advertising	$1,647,000	–	24,850	–	1.35%	–
PHYS	New	Sprott Physical Gold ETV	$1,586,000	–	144,508	–	1.30%	–
CSCO	New	Cisco Systems Inc	$1,543,000	–	53,805	–	1.26%	–
FAX	New	Aberdeen Asia Pacific Income	$1,438,000	–	287,061	–	1.18%	–
GSK	New	GlaxoSmith Kline plc	$1,400,000	–	32,315	–	1.14%	–
CCL	New	Carnival Corp	$1,378,000	–	31,195	–	1.13%	–
AJG	New	Arthur J Gallagher	$1,374,000	–	28,866	–	1.12%	–
HCP	New	HCP, Inc.	$1,276,000	–	36,075	–	1.04%	–
NSS	New	Nustar 7.625% Fixed/Float 2018	$1,243,000	–	50,060	–	1.02%	–
ATO	New	Atmos Energy Corp	$1,240,000	–	15,250	–	1.01%	–
MSFT	New	Microsoft Corp	$1,228,000	–	24,000	–	1.00%	–
ASA	New	ASA Limited	$1,196,000	–	80,950	–	0.98%	–
TGT	New	Target Corp	$1,146,000	–	16,415	–	0.94%	–
CL	New	Colgate-Palmolive Co	$1,138,000	–	15,551	–	0.93%	–
SE	New	Spectra Energy Corp	$1,129,000	–	30,825	–	0.92%	–
UPS	New	United Parcel Service B	$1,082,000	–	10,045	–	0.88%	–
AAPL	New	Apple Inc	$1,048,000	–	10,971	–	0.86%	–
DNKN	New	Dunkin Brands Group	$1,032,000	–	23,660	–	0.84%	–
BAC	New	Bank of America Corp	$969,000	–	73,075	–	0.79%	–
D	New	Dominion Resources	$896,000	–	11,500	–	0.73%	–
CVX	New	ChevronTexaco Corp.	$889,000	–	8,489	–	0.73%	–
RDSB	New	Royal Dutch Shell B Adr	$883,000	–	15,780	–	0.72%	–
TRP	New	Transcanada Corp	$844,000	–	18,680	–	0.69%	–
SO	New	Southern Company	$826,000	–	15,420	–	0.68%	–
GEO	New	G E O Group Inc New	$822,000	–	24,050	–	0.67%	–
MRK	New	Merck & Co Inc	$799,000	–	13,885	–	0.65%	–
DM	New	Dominion Midstream LPut ltd ptnr	$797,000	–	28,350	–	0.65%	–
VZ	New	Verizon Communications	$783,000	–	14,040	–	0.64%	–
DGX	New	Quest Diagnostic Inc	$779,000	–	9,570	–	0.64%	–
XOM	New	Exxon Mobil Corp	$755,000	–	8,062	–	0.62%	–
MYL	New	Mylan N V	$731,000	–	16,925	–	0.60%	–
GLD	New	SPDR Gold Shares ETF	$722,000	–	5,715	–	0.59%	–
DIS	New	Walt Disney Co	$715,000	–	7,315	–	0.58%	–
HTA	New	Hlthcare Tr Of Amer	$688,000	–	21,275	–	0.56%	–
SRCL	New	Stericycle Inc	$676,000	–	6,500	–	0.55%	–
SNY	New	Sanofi Adr	$649,000	–	15,510	–	0.53%	–
SYK	New	Stryker Corp	$605,000	–	5,050	–	0.50%	–
CNP	New	Centerpoint Energy Inc	$592,000	–	24,675	–	0.48%	–
RDSA	New	Royal Dutch Shell A Adr	$563,000	–	10,200	–	0.46%	–
APU	New	Amerigas Partners Lput ltd ptnr	$534,000	–	11,450	–	0.44%	–
VNQ	New	Vanguard REIT	$502,000	–	5,670	–	0.41%	–
ECL	New	Ecolab Inc.	$498,000	–	4,200	–	0.41%	–
MEN	New	Blackrock MuniEnhanced Fund	$485,000	–	37,800	–	0.40%	–
SGOL	New	ETFS Physical Swiss Gold	$481,000	–	3,735	–	0.39%	–
SHLX	New	Shell Midstream Lput ltd ptnr	$456,000	–	13,500	–	0.37%	–
ACETQ	New	Aceto Corp	$447,000	–	20,425	–	0.36%	–
CEF	New	Central Fund of Canada	$437,000	–	31,450	–	0.36%	–
CMCSA	New	Comcast Corp. A	$362,000	–	5,565	–	0.30%	–
IFF	New	Int'l Flavors & Fragrances	$359,000	–	2,850	–	0.29%	–
BSV	New	Vanguard Short Term Bond ETF	$348,000	–	4,300	–	0.28%	–
TYG	New	Tortoise Energy Infrastruct	$340,000	–	11,064	–	0.28%	–
WM	New	Waste Management Inc	$318,000	–	4,810	–	0.26%	–
HCN	New	Health Care REIT Inc	$316,000	–	4,150	–	0.26%	–
WBK	New	Westpac Bank ADR	$276,000	–	12,500	–	0.23%	–
NYCBPRU	New	NY Community Bank cv pfd	$271,000	–	5,390	–	0.22%	–
MKCV	New	McCormick & Co Inc	$256,000	–	2,400	–	0.21%	–
SEP	New	Spectra Energy Partnersut ltd ptnr	$255,000	–	5,405	–	0.21%	–
BPL	New	Buckeye Partners Uts Lput ltd ptnr	$231,000	–	3,286	–	0.19%	–
	New	Bristol-Myers Squibb Co	$223,000	–	3,037	–	0.18%	–
GAS	New	AGL Resources	$203,000	–	3,080	–	0.17%	–
SXL	New	Sunoco Logistics Ptnr Lput ltd ptnr	$201,000	–	7,000	–	0.16%	–
LMRK	New	Landmark Infrastruct LPut ltd ptnr	$179,000	–	10,900	–	0.15%	–
CPLP	New	Capital Product Part Lput ltd ptnr	$77,000	–	26,000	–	0.06%	–

Q4 2015

			Value		Shares		↓ Weighting
NTG	Exit	Tortoise MLP Fund Inc	$0	–	-10,001	–	-0.16%	–
SXL	Exit	Sunoco Logistics Ptnr Lput ltd ptnr	$0	–	-7,000	–	-0.18%	–
WM	Exit	Waste Management Inc	$0	–	-4,935	–	-0.22%	–
WBK	Exit	Westpac Bank ADR	$0	–	-12,500	–	-0.24%	–
UTX	Exit	United Technologies Corp	$0	–	-3,020	–	-0.24%	–
LAMR	Exit	Lamar Advertising	$0	–	-5,150	–	-0.24%	–
	Exit	Intel Corp.	$0	–	-9,131	–	-0.25%	–
HCN	Exit	Health Care REIT Inc	$0	–	-4,150	–	-0.25%	–
HSBC	Exit	HSBC Holdings PLC	$0	–	-7,901	–	-0.27%	–
FEN	Exit	Energy Income & Growth Fund	$0	–	-12,275	–	-0.28%	–
CMCSA	Exit	Comcast Corp. A	$0	–	-5,565	–	-0.28%	–
OGE	Exit	OGE Energy	$0	–	-12,385	–	-0.30%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-4,300	–	-0.31%	–
IGIB	Exit	iShares Barclays Intermed Credit	$0	–	-3,270	–	-0.32%	–
PYPL	Exit	Paypal Holdings	$0	–	-11,675	–	-0.33%	–
BCR	Exit	C R Bard Inc.	$0	–	-2,065	–	-0.35%	–
TYG	Exit	Tortoise Energy Infrastruct	$0	–	-14,430	–	-0.35%	–
NWN	Exit	Northwest Natural Gas	$0	–	-9,151	–	-0.38%	–
MEN	Exit	Blackrock MuniEnhanced Fund	$0	–	-37,800	–	-0.39%	–
VNQ	Exit	Vanguard REIT	$0	–	-5,670	–	-0.39%	–
EMD	Exit	Western Asset Emerging Mkts	$0	–	-33,841	–	-0.41%	–
ECL	Exit	Ecolab Inc.	$0	–	-4,200	–	-0.42%	–
BCS	Exit	Barclays Plc Adr	$0	–	-31,100	–	-0.42%	–
GIM	Exit	Templeton Global Income Fund	$0	–	-78,500	–	-0.43%	–
HTA	Exit	Hlthcare Tr Of Amer	$0	–	-19,775	–	-0.44%	–
SJI	Exit	South Jersey Industries	$0	–	-19,680	–	-0.45%	–
MRK	Exit	Merck & Co Inc	$0	–	-10,080	–	-0.45%	–
WTR	Exit	Aqua America Inc	$0	–	-18,869	–	-0.45%	–
SNY	Exit	Sanofi Adr	$0	–	-10,635	–	-0.46%	–
CNP	Exit	Centerpoint Energy Inc	$0	–	-27,975	–	-0.46%	–
DGX	Exit	Quest Diagnostic Inc	$0	–	-8,305	–	-0.46%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-11,000	–	-0.47%	–
PEO	Exit	Adams Natural Resources Fund	$0	–	-30,441	–	-0.50%	–
ACETQ	Exit	Aceto Corp	$0	–	-20,425	–	-0.51%	–
IFF	Exit	Int'l Flavors & Fragrances	$0	–	-5,675	–	-0.53%	–
VZ	Exit	Verizon Communications	$0	–	-14,040	–	-0.55%	–
TRP	Exit	Transcanada Corp	$0	–	-19,930	–	-0.57%	–
GE	Exit	General Electric Company	$0	–	-25,650	–	-0.58%	–
D	Exit	Dominion Resources	$0	–	-9,220	–	-0.58%	–
APU	Exit	Amerigas Partners Lput ltd ptnr	$0	–	-16,875	–	-0.63%	–
MCD	Exit	McDonald's Corp	$0	–	-7,400	–	-0.66%	–
NSS	Exit	Nustar 7.625% Fixed/Float 2018	$0	–	-32,335	–	-0.72%	–
SE	Exit	Spectra Energy Corp	$0	–	-31,425	–	-0.74%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-17,480	–	-0.75%	–
PAGP	Exit	Plains GP Hldgs L P	$0	–	-50,960	–	-0.80%	–
SO	Exit	Southern Company	$0	–	-19,963	–	-0.81%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-33,102	–	-0.83%	–
FMO	Exit	Fiduciary/Claymore MLP Fund	$0	–	-61,288	–	-0.86%	–
XEL	Exit	Xcel Energy Inc	$0	–	-27,134	–	-0.87%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-15,420	–	-0.88%	–
UPS	Exit	United Parcel Service B	$0	–	-9,960	–	-0.89%	–
SRCL	Exit	Stericycle Inc	$0	–	-7,170	–	-0.90%	–
AAPL	Exit	Apple Inc	$0	–	-9,356	–	-0.93%	–
ASA	Exit	ASA Limited	$0	–	-132,250	–	-0.93%	–
GTU	Exit	Central GoldTrust	$0	–	-26,500	–	-0.95%	–
MYL	Exit	Mylan N V	$0	–	-26,550	–	-0.96%	–
O	Exit	Realty Income Corp	$0	–	-23,355	–	-1.00%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-46,798	–	-1.05%	–
ABBV	Exit	AbbVie Inc	$0	–	-21,438	–	-1.05%	–
DOW	Exit	Dow Chemical Company	$0	–	-28,275	–	-1.08%	–
CCP	Exit	Care Capital Properties	$0	–	-37,101	–	-1.10%	–
EMC	Exit	E M C Corp	$0	–	-51,885	–	-1.13%	–
UL	Exit	Unilever Group Plc Adr	$0	–	-31,910	–	-1.18%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-106,721	–	-1.20%	–
GSK	Exit	GlaxoSmith Kline plc	$0	–	-34,765	–	-1.21%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-17,695	–	-1.26%	–
MET	Exit	Metlife Inc	$0	–	-29,805	–	-1.27%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-53,805	–	-1.28%	–
AESPRC	Exit	AES Trust 6.75% cv pfd	$0	–	-31,085	–	-1.39%	–
SYY	Exit	Sysco Corporation	$0	–	-40,550	–	-1.43%	–
MDLZ	Exit	Mondelez International	$0	–	-38,025	–	-1.44%	–
WBA	Exit	Walgreens Boots Alliance	$0	–	-19,585	–	-1.47%	–
MJN	Exit	Mead Johnson Nutrition	$0	–	-23,515	–	-1.50%	–
HSY	Exit	Hershey Company	$0	–	-18,065	–	-1.50%	–
ABT	Exit	Abbott Laboratories	$0	–	-41,833	–	-1.52%	–
LH	Exit	Lab Corp. of America	$0	–	-16,345	–	-1.60%	–
GAS	Exit	AGL Resources	$0	–	-29,356	–	-1.62%	–
FFC	Exit	F&C Preferred Securities Income	$0	–	-97,718	–	-1.66%	–
ATO	Exit	Atmos Energy Corp	$0	–	-32,500	–	-1.71%	–
MSFT	Exit	Microsoft Corp	$0	–	-43,025	–	-1.72%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-24,340	–	-1.75%	–
WPC	Exit	W P Carey Inc	$0	–	-34,460	–	-1.80%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-15,282	–	-1.83%	–
FAX	Exit	Aberdeen Asia Pacific Income	$0	–	-485,471	–	-1.97%	–
VTR	Exit	Ventas Inc	$0	–	-39,895	–	-2.02%	–
SYK	Exit	Stryker Corp	$0	–	-25,265	–	-2.15%	–
HCNPRI	Exit	Health Care REIT cv pfd	$0	–	-39,955	–	-2.19%	–
DUK	Exit	Duke Energy Corp	$0	–	-34,441	–	-2.24%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-110,188	–	-2.39%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-44,588	–	-2.99%	–
PG	Exit	Procter & Gamble Co	$0	–	-50,195	–	-3.26%	–
KO	Exit	Coca Cola Company	$0	–	-96,170	–	-3.48%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-36,895	–	-3.50%	–
PEP	Exit	Pepsico Inc	$0	–	-41,390	–	-3.52%	–
JNJ	Exit	Johnson & Johnson	$0	–	-42,223	–	-3.56%	–

Q3 2015

			Value		Shares		↓ Weighting
JNJ	Buy	Johnson & Johnson	$3,941,000	+0.0%	42,223	+4.4%	3.56%	+12.9%
IGSB	Buy	iShares Barclays 1-3 yr Bond	$3,878,000	+5.4%	36,895	+5.6%	3.50%	+19.0%
PG	Buy	Procter & Gamble Co	$3,611,000	+9.9%	50,195	+19.5%	3.26%	+24.0%
XOM	Buy	Exxon Mobil Corp	$3,315,000	-6.0%	44,588	+5.2%	2.99%	+6.1%
DUK	Buy	Duke Energy Corp	$2,477,000	+9.5%	34,441	+7.5%	2.24%	+23.6%
HCNPRI	Buy	Health Care REIT cv pfd	$2,426,000	+21.8%	39,955	+19.2%	2.19%	+37.5%
SYK	Sell	Stryker Corp	$2,377,000	-24.3%	25,265	-23.1%	2.15%	-14.5%
VTR	Buy	Ventas Inc	$2,236,000	+39.5%	39,895	+54.5%	2.02%	+57.4%
FAX	Sell	Aberdeen Asia Pacific Income	$2,184,000	-10.7%	485,471	-1.6%	1.97%	+0.8%
BDX	Sell	Becton Dickinson & Co	$2,027,000	-9.6%	15,282	-3.5%	1.83%	+2.1%
WPC	Buy	W P Carey Inc	$1,992,000	+31.5%	34,460	+34.0%	1.80%	+48.4%
VCSH	Buy	Vanguard Short-Term Corp	$1,940,000	+14.2%	24,340	+14.0%	1.75%	+28.8%
GAS	Sell	AGL Resources	$1,791,000	+26.8%	29,356	-3.2%	1.62%	+43.2%
LH	Buy	Lab Corp. of America	$1,772,000	-10.0%	16,345	+0.7%	1.60%	+1.6%
HSY	Buy	Hershey Company	$1,659,000	+17.5%	18,065	+13.6%	1.50%	+32.6%
MJN	New	Mead Johnson Nutrition	$1,655,000	–	23,515	–	1.50%	–
MDLZ	Sell	Mondelez International	$1,592,000	-52.1%	38,025	-52.9%	1.44%	-45.9%
AESPRC	Buy	AES Trust 6.75% cv pfd	$1,542,000	+18.6%	31,085	+21.5%	1.39%	+33.9%
MET	Buy	Metlife Inc	$1,405,000	-13.2%	29,805	+3.1%	1.27%	-2.0%
CVX	Sell	ChevronTexaco Corp.	$1,395,000	-18.4%	17,695	-0.2%	1.26%	-7.9%
GSK	Sell	GlaxoSmith Kline plc	$1,336,000	-13.6%	34,765	-6.5%	1.21%	-2.5%
AMLP	Buy	ALPS Alerian MLP ETF	$1,331,000	-19.8%	106,721	+0.0%	1.20%	-9.5%
UL	Sell	Unilever Group Plc Adr	$1,301,000	-74.3%	31,910	-73.0%	1.18%	-71.0%
EMC	Sell	E M C Corp	$1,253,000	-23.3%	51,885	-16.2%	1.13%	-13.4%
CCP	New	Care Capital Properties	$1,221,000	–	37,101	–	1.10%	–
DOW	Sell	Dow Chemical Company	$1,198,000	-21.3%	28,275	-5.0%	1.08%	-11.2%
ABBV	Buy	AbbVie Inc	$1,166,000	+35.3%	21,438	+67.0%	1.05%	+52.6%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$1,165,000	-10.1%	46,798	+7.9%	1.05%	+1.4%
MYL	New	Mylan N V	$1,068,000	–	26,550	–	0.96%	–
GTU	Buy	Central GoldTrust	$1,051,000	+1.6%	26,500	+5.2%	0.95%	+14.8%
ASA	Buy	ASA Limited	$1,034,000	+57.1%	132,250	+94.9%	0.93%	+77.2%
AAPL	Sell	Apple Inc	$1,031,000	-15.3%	9,356	-3.6%	0.93%	-4.4%
SRCL	Buy	Stericycle Inc	$998,000	+16.5%	7,170	+12.0%	0.90%	+31.3%
UPS	Buy	United Parcel Service B	$982,000	+2.3%	9,960	+0.5%	0.89%	+15.5%
CL	Buy	Colgate-Palmolive Co	$978,000	+0.3%	15,420	+3.4%	0.88%	+13.2%
KMI	Sell	Kinder Morgan Inc	$916,000	-33.3%	33,102	-7.5%	0.83%	-24.7%
SO	Buy	Southern Company	$892,000	+9.7%	19,963	+2.8%	0.81%	+23.8%
PAGP	Sell	Plains GP Hldgs L P	$891,000	-41.2%	50,960	-13.2%	0.80%	-33.6%
RDSB	Sell	Royal Dutch Shell B Adr	$829,000	-32.3%	17,480	-18.1%	0.75%	-23.5%
NSS	Buy	Nustar 7.625% Fixed/Float 2018	$801,000	-4.6%	32,335	+1.9%	0.72%	+7.6%
APU	Buy	Amerigas Partners Lput ltd ptnr	$700,000	+172.4%	16,875	+200.0%	0.63%	+206.8%
D	Buy	Dominion Resources	$648,000	+10.2%	9,220	+4.7%	0.58%	+24.2%
TRP	Buy	Transcanada Corp	$629,000	+3.1%	19,930	+32.6%	0.57%	+16.4%
ACETQ	Sell	Aceto Corp	$560,000	+10.7%	20,425	-0.7%	0.51%	+24.9%
PEO	Sell	Adams Natural Resources Fund	$552,000	-25.0%	30,441	-7.7%	0.50%	-15.3%
DGX	New	Quest Diagnostic Inc	$510,000	–	8,305	–	0.46%	–
MRK	Sell	Merck & Co Inc	$497,000	-16.2%	10,080	-3.4%	0.45%	-5.5%
SJI	Buy	South Jersey Industries	$496,000	+93.0%	19,680	+88.7%	0.45%	+117.5%
HTA	New	Hlthcare Tr Of Amer	$484,000	–	19,775	–	0.44%	–
GIM	Sell	Templeton Global Income Fund	$478,000	-21.4%	78,500	-9.2%	0.43%	-11.3%
EMD	Sell	Western Asset Emerging Mkts	$450,000	-66.1%	33,841	-61.9%	0.41%	-61.8%
VNQ	Sell	Vanguard REIT	$428,000	-2.3%	5,670	-3.4%	0.39%	+10.6%
TYG	New	Tortoise Energy Infrastruct	$391,000	–	14,430	–	0.35%	–
BCR	Sell	C R Bard Inc.	$384,000	-4.7%	2,065	-12.7%	0.35%	+7.8%
PYPL	New	Paypal Holdings	$362,000	–	11,675	–	0.33%	–
OGE	Sell	OGE Energy	$338,000	-10.6%	12,385	-6.4%	0.30%	+1.0%
LAMR	New	Lamar Advertising	$268,000	–	5,150	–	0.24%	–
NTG	New	Tortoise MLP Fund Inc	$183,000	–	10,001	–	0.16%	–
PFE	Exit	Pfizer Incorporated	$0	–	-6,271	–	-0.17%	–
	Exit	Market Vectors Gold Miner ETF	$0	–	-12,700	–	-0.18%	–
TLP	Exit	Transmontaigne Ptnrs Lput ltd ptnr	$0	–	-6,290	–	-0.19%	–
EEQ	Exit	Enbridge Energy Mgmt	$0	–	-7,310	–	-0.19%	–
ARDC	Exit	Ares Dynamic Credit	$0	–	-20,900	–	-0.26%	–
CCE	Exit	Coca Cola Enterprises	$0	–	-7,850	–	-0.27%	–
FMC	Exit	FMC Corp	$0	–	-6,700	–	-0.28%	–
HYS	Exit	Pimco 0-5 Yr High Yield Corp	$0	–	-4,309	–	-0.34%	–
WEET	Exit	iPath Bloomberg Grains Index	$0	–	-12,275	–	-0.38%	–
CLX	Exit	Clorox Company	$0	–	-5,475	–	-0.46%	–
BP	Exit	BP Plc Adr	$0	–	-16,070	–	-0.51%	–
EMB	Exit	iShares Emerging Markets Bond	$0	–	-6,585	–	-0.58%	–
EBAY	Exit	Ebay Inc.	$0	–	-13,675	–	-0.66%	–
GM	Exit	General Motors Co.	$0	–	-25,800	–	-0.69%	–
CPB	Exit	Campbell Soup Company	$0	–	-30,757	–	-1.17%	–
BGH	Exit	Babson Global Short Duration High Yield	$0	–	-74,100	–	-1.18%	–
K	Exit	Kellogg Company	$0	–	-34,475	–	-1.73%	–

Q2 2015

			Value		Shares		↓ Weighting
UL	New	Unilever Group Plc Adr	$5,069,000	–	118,005	–	4.06%	–
JNJ	New	Johnson & Johnson	$3,940,000	–	40,433	–	3.15%	–
PEP	New	Pepsico Inc	$3,863,000	–	41,390	–	3.09%	–
KO	New	Coca Cola Company	$3,772,000	–	96,170	–	3.02%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$3,679,000	–	34,935	–	2.94%	–
PBA	New	Pembina Pipeline Corp	$3,559,000	–	110,188	–	2.85%	–
XOM	New	Exxon Mobil Corp	$3,527,000	–	42,398	–	2.82%	–
MDLZ	New	Mondelez International	$3,323,000	–	80,775	–	2.66%	–
PG	New	Procter & Gamble Co	$3,286,000	–	42,000	–	2.63%	–
SYK	New	Stryker Corp	$3,138,000	–	32,840	–	2.51%	–
FAX	New	Aberdeen Asia Pacific Income	$2,447,000	–	493,471	–	1.96%	–
DUK	New	Duke Energy Corp	$2,262,000	–	32,041	–	1.81%	–
BDX	New	Becton Dickinson & Co	$2,242,000	–	15,832	–	1.79%	–
K	New	Kellogg Company	$2,161,000	–	34,475	–	1.73%	–
ABT	New	Abbott Laboratories	$2,053,000	–	41,833	–	1.64%	–
HCNPRI	New	Health Care REIT cv pfd	$1,992,000	–	33,515	–	1.59%	–
LH	New	Lab Corp. of America	$1,968,000	–	16,235	–	1.58%	–
MSFT	New	Microsoft Corp	$1,899,000	–	43,025	–	1.52%	–
FFC	New	F&C Preferred Securities Income	$1,823,000	–	97,718	–	1.46%	–
CVX	New	ChevronTexaco Corp.	$1,710,000	–	17,730	–	1.37%	–
VCSH	New	Vanguard Short-Term Corp	$1,699,000	–	21,350	–	1.36%	–
ATO	New	Atmos Energy Corp	$1,666,000	–	32,500	–	1.33%	–
AMLP	New	ALPS Alerian MLP ETF	$1,660,000	–	106,708	–	1.33%	–
WBA	New	Walgreens Boots Alliance	$1,653,000	–	19,585	–	1.32%	–
EMC	New	E M C Corp	$1,633,000	–	61,885	–	1.31%	–
MET	New	Metlife Inc	$1,618,000	–	28,905	–	1.30%	–
VTR	New	Ventas Inc	$1,603,000	–	25,820	–	1.28%	–
GSK	New	GlaxoSmith Kline plc	$1,547,000	–	37,165	–	1.24%	–
DOW	New	Dow Chemical Company	$1,523,000	–	29,775	–	1.22%	–
PAGP	New	Plains GP Hldgs L P	$1,516,000	–	58,685	–	1.21%	–
WPC	New	W P Carey Inc	$1,515,000	–	25,710	–	1.21%	–
BGH	New	Babson Global Short Duration High Yield	$1,478,000	–	74,100	–	1.18%	–
CSCO	New	Cisco Systems Inc	$1,477,000	–	53,805	–	1.18%	–
CPB	New	Campbell Soup Company	$1,465,000	–	30,757	–	1.17%	–
SYY	New	Sysco Corporation	$1,463,000	–	40,550	–	1.17%	–
GAS	New	AGL Resources	$1,412,000	–	30,336	–	1.13%	–
HSY	New	Hershey Company	$1,412,000	–	15,900	–	1.13%	–
KMI	New	Kinder Morgan Inc	$1,374,000	–	35,802	–	1.10%	–
FMO	New	Fiduciary/Claymore MLP Fund	$1,363,000	–	61,288	–	1.09%	–
EMD	New	Western Asset Emerging Mkts	$1,328,000	–	88,800	–	1.06%	–
AESPRC	New	AES Trust 6.75% cv pfd	$1,300,000	–	25,580	–	1.04%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,296,000	–	43,373	–	1.04%	–
RDSB	New	Royal Dutch Shell B Adr	$1,224,000	–	21,350	–	0.98%	–
AAPL	New	Apple Inc	$1,217,000	–	9,706	–	0.97%	–
O	New	Realty Income Corp	$1,036,000	–	23,355	–	0.83%	–
GTU	New	Central GoldTrust	$1,034,000	–	25,200	–	0.83%	–
SE	New	Spectra Energy Corp	$1,024,000	–	31,425	–	0.82%	–
CL	New	Colgate-Palmolive Co	$975,000	–	14,920	–	0.78%	–
UPS	New	United Parcel Service B	$960,000	–	9,910	–	0.77%	–
XEL	New	Xcel Energy Inc	$873,000	–	27,134	–	0.70%	–
ABBV	New	AbbVie Inc	$862,000	–	12,838	–	0.69%	–
GM	New	General Motors Co.	$859,000	–	25,800	–	0.69%	–
SRCL	New	Stericycle Inc	$857,000	–	6,400	–	0.69%	–
NSS	New	Nustar 7.625% Fixed/Float 2018	$840,000	–	31,735	–	0.67%	–
EBAY	New	Ebay Inc.	$823,000	–	13,675	–	0.66%	–
SO	New	Southern Company	$813,000	–	19,413	–	0.65%	–
PEO	New	Adams Natural Resources Fund	$736,000	–	32,971	–	0.59%	–
EMB	New	iShares Emerging Markets Bond	$723,000	–	6,585	–	0.58%	–
MCD	New	McDonald's Corp	$703,000	–	7,400	–	0.56%	–
GE	New	General Electric Company	$681,000	–	25,650	–	0.54%	–
ASA	New	ASA Limited	$658,000	–	67,850	–	0.53%	–
VZ	New	Verizon Communications	$654,000	–	14,040	–	0.52%	–
BP	New	BP Plc Adr	$642,000	–	16,070	–	0.51%	–
RDSA	New	Royal Dutch Shell A Adr	$627,000	–	11,000	–	0.50%	–
IFF	New	Int'l Flavors & Fragrances	$620,000	–	5,675	–	0.50%	–
TRP	New	Transcanada Corp	$610,000	–	15,035	–	0.49%	–
GIM	New	Templeton Global Income Fund	$608,000	–	86,500	–	0.49%	–
MRK	New	Merck & Co Inc	$593,000	–	10,430	–	0.48%	–
D	New	Dominion Resources	$588,000	–	8,805	–	0.47%	–
CLX	New	Clorox Company	$569,000	–	5,475	–	0.46%	–
CNP	New	Centerpoint Energy Inc	$532,000	–	27,975	–	0.43%	–
SNY	New	Sanofi Adr	$526,000	–	10,635	–	0.42%	–
BCS	New	Barclays Plc Adr	$511,000	–	31,100	–	0.41%	–
ACETQ	New	Aceto Corp	$506,000	–	20,575	–	0.40%	–
WEET	New	iPath Bloomberg Grains Index	$478,000	–	12,275	–	0.38%	–
ECL	New	Ecolab Inc.	$474,000	–	4,200	–	0.38%	–
WTR	New	Aqua America Inc	$462,000	–	18,869	–	0.37%	–
VNQ	New	Vanguard REIT	$438,000	–	5,870	–	0.35%	–
HYS	New	Pimco 0-5 Yr High Yield Corp	$430,000	–	4,309	–	0.34%	–
MEN	New	Blackrock MuniEnhanced Fund	$419,000	–	37,800	–	0.34%	–
BCR	New	C R Bard Inc.	$403,000	–	2,365	–	0.32%	–
NWN	New	Northwest Natural Gas	$385,000	–	9,151	–	0.31%	–
FEN	New	Energy Income & Growth Fund	$385,000	–	12,275	–	0.31%	–
OGE	New	OGE Energy	$378,000	–	13,235	–	0.30%	–
IGIB	New	iShares Barclays Intermed Credit	$355,000	–	3,270	–	0.28%	–
HSBC	New	HSBC Holdings PLC	$354,000	–	7,901	–	0.28%	–
FMC	New	FMC Corp	$352,000	–	6,700	–	0.28%	–
BSV	New	Vanguard Short Term Bond ETF	$344,000	–	4,300	–	0.28%	–
CCE	New	Coca Cola Enterprises	$341,000	–	7,850	–	0.27%	–
UTX	New	United Technologies Corp	$335,000	–	3,020	–	0.27%	–
CMCSA	New	Comcast Corp. A	$334,000	–	5,565	–	0.27%	–
ARDC	New	Ares Dynamic Credit	$320,000	–	20,900	–	0.26%	–
WBK	New	Westpac Bank ADR	$309,000	–	12,500	–	0.25%	–
	New	Intel Corp.	$277,000	–	9,131	–	0.22%	–
HCN	New	Health Care REIT Inc	$272,000	–	4,150	–	0.22%	–
SXL	New	Sunoco Logistics Ptnr Lput ltd ptnr	$266,000	–	7,000	–	0.21%	–
APU	New	Amerigas Partners Lput ltd ptnr	$257,000	–	5,625	–	0.21%	–
SJI	New	South Jersey Industries	$257,000	–	10,430	–	0.21%	–
EEQ	New	Enbridge Energy Mgmt	$241,000	–	7,310	–	0.19%	–
TLP	New	Transmontaigne Ptnrs Lput ltd ptnr	$239,000	–	6,290	–	0.19%	–
WM	New	Waste Management Inc	$228,000	–	4,935	–	0.18%	–
	New	Market Vectors Gold Miner ETF	$225,000	–	12,700	–	0.18%	–
PFE	New	Pfizer Incorporated	$210,000	–	6,271	–	0.17%	–

Q4 2014

			Value		Shares		↓ Weighting
MAT	Exit	Mattel Incorporated	$0	–	-6,560	–	-0.15%	–
NEE	Exit	Nextera Energy Inc	$0	–	-2,166	–	-0.16%	–
RYAM	Exit	Rayonier Adv Materials	$0	–	-6,692	–	-0.17%	–
TLP	Exit	Transmontaigne Ptnrs Lput ltd ptnr	$0	–	-6,000	–	-0.19%	–
EEQ	Exit	Enbridge Energy Mgmt	$0	–	-6,905	–	-0.20%	–
NTG	Exit	Tortoise MLP Fund Inc	$0	–	-9,001	–	-0.20%	–
UTX	Exit	United Technologies Corp	$0	–	-3,020	–	-0.24%	–
BSV	Exit	Vanguard Short Term Bond ETF	$0	–	-4,100	–	-0.25%	–
BCR	Exit	C R Bard Inc.	$0	–	-2,365	–	-0.26%	–
SXL	Exit	Sunoco Logistics Ptnr Lput ltd ptnr	$0	–	-7,000	–	-0.26%	–
PNW	Exit	Pinnacle West Capital Cp	$0	–	-6,350	–	-0.26%	–
CCE	Exit	Coca Cola Ent New	$0	–	-7,850	–	-0.26%	–
PF	Exit	Pinnacle Foods Inc	$0	–	-11,700	–	-0.29%	–
OXY	Exit	Occidental Petroleum	$0	–	-4,100	–	-0.30%	–
ACETQ	Exit	Aceto Corp	$0	–	-20,775	–	-0.30%	–
AGU	Exit	Agrium Inc	$0	–	-4,620	–	-0.31%	–
D	Exit	Dominion Resources	$0	–	-6,000	–	-0.32%	–
VNQ	Exit	Vanguard REIT	$0	–	-5,895	–	-0.32%	–
GAS	Exit	AGL Resources	$0	–	-8,271	–	-0.32%	–
HYS	Exit	Pimco 0-5 Yr High Yield Corp	$0	–	-4,200	–	-0.33%	–
WTR	Exit	Aqua America Inc	$0	–	-18,869	–	-0.34%	–
FEN	Exit	Energy Income & Growth Fund	$0	–	-12,275	–	-0.34%	–
F113PS	Exit	Covidien Plc	$0	–	-5,355	–	-0.35%	–
FMC	Exit	FMC Corp	$0	–	-8,485	–	-0.37%	–
MEN	Exit	Blackrock MuniEnhanced Fund	$0	–	-44,600	–	-0.38%	–
ECL	Exit	Ecolab Inc.	$0	–	-4,400	–	-0.38%	–
GIM	Exit	Templeton Global Income Fund	$0	–	-64,500	–	-0.39%	–
CLX	Exit	Clorox Company	$0	–	-5,475	–	-0.40%	–
VCSH	Exit	Vanguard Short-Term Corp	$0	–	-6,725	–	-0.41%	–
IFF	Exit	Int'l Flavors & Fragrances	$0	–	-5,675	–	-0.41%	–
RYN	Exit	Rayonier Inc	$0	–	-18,415	–	-0.44%	–
WM	Exit	Waste Management Inc	$0	–	-12,135	–	-0.44%	–
GE	Exit	General Electric Company	$0	–	-22,650	–	-0.44%	–
MRK	Exit	Merck & Co Inc	$0	–	-11,530	–	-0.52%	–
TRP	Exit	Transcanada Corp	$0	–	-13,510	–	-0.53%	–
VZ	Exit	Verizon Communications	$0	–	-14,220	–	-0.54%	–
BP	Exit	BP Plc Adr	$0	–	-16,394	–	-0.55%	–
NWN	Exit	Northwest Natural Gas	$0	–	-17,151	–	-0.55%	–
MCD	Exit	McDonald's Corp	$0	–	-7,650	–	-0.55%	–
HCN	Exit	Health Care REIT Inc	$0	–	-11,890	–	-0.56%	–
EMB	Exit	iShares Emerging Markets Bond	$0	–	-6,585	–	-0.57%	–
CNP	Exit	Centerpoint Energy Inc	$0	–	-30,475	–	-0.57%	–
SRCL	Exit	Stericycle Inc	$0	–	-6,400	–	-0.57%	–
EBAY	Exit	Ebay Inc.	$0	–	-13,675	–	-0.59%	–
PAGP	Exit	Plains GP Hldgs L P	$0	–	-25,900	–	-0.60%	–
ASA	Exit	ASA Limited	$0	–	-68,600	–	-0.61%	–
SO	Exit	Southern Company	$0	–	-18,520	–	-0.62%	–
GM	Exit	General Motors Co.	$0	–	-25,800	–	-0.63%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-11,000	–	-0.64%	–
ARDC	Exit	Ares Dynamic Credit	$0	–	-49,722	–	-0.64%	–
WPC	Exit	W P Carey Inc	$0	–	-13,350	–	-0.65%	–
XEL	Exit	Xcel Energy Inc	$0	–	-30,444	–	-0.70%	–
UPS	Exit	United Parcel Service B	$0	–	-9,420	–	-0.70%	–
PEO	Exit	Petroleum & Resources Corp	$0	–	-32,812	–	-0.72%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-14,920	–	-0.74%	–
KMI	Exit	Kinder Morgan Inc	$0	–	-25,795	–	-0.75%	–
AESPRC	Exit	AES Trust 6.75% Pfd	$0	–	-19,860	–	-0.78%	–
AAPL	Exit	Apple Inc	$0	–	-10,646	–	-0.82%	–
O	Exit	Realty Income Corp	$0	–	-26,755	–	-0.83%	–
SLB	Exit	Schlumberger Ltd	$0	–	-11,605	–	-0.90%	–
WAG	Exit	Walgreen Company	$0	–	-19,935	–	-0.90%	–
SE	Exit	Spectra Energy Corp	$0	–	-31,425	–	-0.94%	–
CPB	Exit	Campbell Soup Company	$0	–	-30,757	–	-1.00%	–
CSCO	Exit	Cisco Systems Inc	$0	–	-53,355	–	-1.02%	–
BGH	Exit	Babson Global Short Duration High Yield	$0	–	-64,400	–	-1.12%	–
SYY	Exit	Sysco Corporation	$0	–	-40,550	–	-1.17%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-38,548	–	-1.18%	–
DOW	Exit	Dow Chemical Company	$0	–	-30,775	–	-1.23%	–
EMD	Exit	Western Asset Emerging Mkts	$0	–	-94,934	–	-1.24%	–
LH	Exit	Lab Corp. of America	$0	–	-16,370	–	-1.27%	–
VTR	Exit	Ventas Inc	$0	–	-27,025	–	-1.27%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-21,350	–	-1.29%	–
BAX	Exit	Baxter International Inc	$0	–	-23,720	–	-1.30%	–
FMO	Exit	Fiduciary/Claymore MLP Fund	$0	–	-61,064	–	-1.32%	–
ABT	Exit	Abbott Laboratories	$0	–	-41,630	–	-1.32%	–
ATO	Exit	Atmos Energy Corp	$0	–	-36,300	–	-1.32%	–
BKLN	Exit	Powershares Bank Loan ETF	$0	–	-71,570	–	-1.32%	–
HCNPRI	Exit	Health Care REIT Pfd	$0	–	-31,045	–	-1.35%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-15,982	–	-1.38%	–
EMC	Exit	E M C Corp	$0	–	-63,135	–	-1.41%	–
IGIB	Exit	iShares Barclays Intermed Credit	$0	–	-17,105	–	-1.42%	–
FFC	Exit	F&C Preferred Securities Income	$0	–	-97,618	–	-1.44%	–
MSFT	Exit	Microsoft Corp	$0	–	-42,450	–	-1.50%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-104,386	–	-1.52%	–
K	Exit	Kellogg Company	$0	–	-34,075	–	-1.60%	–
CAG	Exit	Conagra Foods, Inc	$0	–	-64,000	–	-1.61%	–
GSK	Exit	GlaxoSmith Kline plc	$0	–	-46,985	–	-1.64%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-20,419	–	-1.86%	–
DUK	Exit	Duke Energy Corp	$0	–	-36,581	–	-2.08%	–
MDLZ	Exit	Mondelez International	$0	–	-80,325	–	-2.10%	–
SYK	Exit	Stryker Corp	$0	–	-35,540	–	-2.18%	–
FAX	Exit	Aberdeen Asia Pacific Income	$0	–	-519,146	–	-2.33%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-32,585	–	-2.61%	–
PG	Exit	Procter & Gamble Co	$0	–	-41,010	–	-2.61%	–
PEP	Exit	Pepsico Inc	$0	–	-40,740	–	-2.89%	–
KO	Exit	Coca Cola Company	$0	–	-96,820	–	-3.14%	–
JNJ	Exit	Johnson & Johnson	$0	–	-39,618	–	-3.21%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-113,320	–	-3.64%	–
UL	Exit	Unilever Group Plc Adr	$0	–	-117,205	–	-3.74%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-68,893	–	-4.93%	–

Q3 2014

			Value		Shares		↓ Weighting
PBA	Sell	Pembina Pipeline Corp	$4,775,000	-10.3%	113,320	-8.5%	3.64%	-8.1%
JNJ	Sell	Johnson & Johnson	$4,222,000	+1.9%	39,618	-0.0%	3.21%	+4.4%
KO	Sell	Coca Cola Company	$4,130,000	-0.3%	96,820	-1.0%	3.14%	+2.1%
PG	Buy	Procter & Gamble Co	$3,434,000	+6.6%	41,010	+0.1%	2.61%	+9.2%
FAX	Sell	Aberdeen Asia Pacific Income	$3,062,000	-6.1%	519,146	-0.0%	2.33%	-3.8%
SYK	Buy	Stryker Corp	$2,869,000	-3.8%	35,540	+0.5%	2.18%	-1.4%
MDLZ	Buy	Mondelez International	$2,752,000	-7.5%	80,325	+1.6%	2.10%	-5.2%
DUK	Sell	Duke Energy Corp	$2,735,000	-7.1%	36,581	-7.8%	2.08%	-4.8%
CVX	Sell	ChevronTexaco Corp.	$2,436,000	-8.6%	20,419	-0.0%	1.86%	-6.4%
GSK	Buy	GlaxoSmith Kline plc	$2,159,000	+263.5%	46,985	+322.7%	1.64%	+272.8%
AMLP	Buy	ALPS Alerian MLP ETF	$2,001,000	+0.9%	104,386	+0.0%	1.52%	+3.4%
MSFT	Sell	Microsoft Corp	$1,967,000	-3.9%	42,450	-13.5%	1.50%	-1.6%
FFC	Buy	F&C Preferred Securities Income	$1,885,000	-1.2%	97,618	+0.3%	1.44%	+1.3%
IGIB	Sell	iShares Barclays Intermed Credit	$1,869,000	-4.7%	17,105	-3.9%	1.42%	-2.4%
EMC	Sell	E M C Corp	$1,847,000	+8.5%	63,135	-2.3%	1.41%	+11.2%
BDX	Sell	Becton Dickinson & Co	$1,818,000	-5.0%	15,982	-1.2%	1.38%	-2.7%
HCNPRI	Buy	Health Care REIT Pfd	$1,775,000	+0.3%	31,045	+1.3%	1.35%	+2.7%
ATO	Sell	Atmos Energy Corp	$1,731,000	-28.9%	36,300	-20.4%	1.32%	-27.1%
FMO	Buy	Fiduciary/Claymore MLP Fund	$1,731,000	-1.3%	61,064	+0.2%	1.32%	+1.2%
VTR	Buy	Ventas Inc	$1,674,000	+126.5%	27,025	+134.4%	1.27%	+132.1%
LH	Sell	Lab Corp. of America	$1,665,000	-4.2%	16,370	-3.5%	1.27%	-1.8%
EPD	Buy	Enterprise Prd Prtnrs Lput ltd ptnr	$1,553,000	+1.6%	38,548	+97.4%	1.18%	+4.0%
CSCO	Sell	Cisco Systems Inc	$1,342,000	-3.3%	53,355	-4.5%	1.02%	-0.9%
CPB	Sell	Campbell Soup Company	$1,314,000	-6.7%	30,757	-0.0%	1.00%	-4.5%
WAG	Buy	Walgreen Company	$1,181,000	-12.6%	19,935	+9.4%	0.90%	-10.5%
SLB	Buy	Schlumberger Ltd	$1,180,000	-10.4%	11,605	+3.9%	0.90%	-8.2%
AAPL	Sell	Apple Inc	$1,072,000	+5.1%	10,646	-3.0%	0.82%	+7.7%
KMI	New	Kinder Morgan Inc	$988,000	–	25,795	–	0.75%	–
PEO	Buy	Petroleum & Resources Corp	$944,000	-7.7%	32,812	+0.0%	0.72%	-5.4%
UPS	Buy	United Parcel Service B	$925,000	-3.4%	9,420	+1.0%	0.70%	-1.1%
ARDC	Buy	Ares Dynamic Credit	$847,000	-6.4%	49,722	+0.0%	0.64%	-4.0%
SO	Buy	Southern Company	$808,000	-1.7%	18,520	+2.2%	0.62%	+0.7%
ASA	Sell	ASA Limited	$806,000	-21.5%	68,600	-2.1%	0.61%	-19.5%
EBAY	Buy	Ebay Inc.	$774,000	+23.6%	13,675	+9.4%	0.59%	+26.7%
CNP	Sell	Centerpoint Energy Inc	$745,000	-10.2%	30,475	-6.2%	0.57%	-8.1%
BP	Buy	BP Plc Adr	$720,000	-8.3%	16,394	+10.1%	0.55%	-6.0%
RYN	Sell	Rayonier Inc	$573,000	-16.7%	18,415	-4.9%	0.44%	-14.7%
IFF	Sell	Int'l Flavors & Fragrances	$544,000	-11.3%	5,675	-3.4%	0.41%	-9.0%
FMC	Buy	FMC Corp	$485,000	+79.0%	8,485	+123.0%	0.37%	+83.6%
WTR	New	Aqua America Inc	$443,000	–	18,869	–	0.34%	–
HYS	Sell	Pimco 0-5 Yr High Yield Corp	$435,000	-5.4%	4,200	-2.3%	0.33%	-3.2%
GAS	Sell	AGL Resources	$424,000	-28.5%	8,271	-23.2%	0.32%	-26.8%
VNQ	Buy	Vanguard REIT	$423,000	-2.5%	5,895	+1.7%	0.32%	0.0%
AGU	Buy	Agrium Inc	$411,000	+0.5%	4,620	+3.6%	0.31%	+3.0%
PF	Buy	Pinnacle Foods Inc	$382,000	+14.4%	11,700	+15.3%	0.29%	+17.3%
CCE	Sell	Coca Cola Ent New	$348,000	-10.5%	7,850	-3.7%	0.26%	-8.3%
UTX	New	United Technologies Corp	$318,000	–	3,020	–	0.24%	–
EEQ	Buy	Enbridge Energy Mgmt	$256,000	+6.7%	6,905	+1.5%	0.20%	+9.6%
TLP	Buy	Transmontaigne Ptnrs Lput ltd ptnr	$247,000	+11.8%	6,000	+18.8%	0.19%	+14.6%
RYAM	New	Rayonier Adv Materials	$220,000	–	6,692	–	0.17%	–
MAT	New	Mattel Incorporated	$201,000	–	6,560	–	0.15%	–
	Exit	Intel Corp.	$0	–	-6,501	–	-0.15%	–
VVC	Exit	Vectren Corp	$0	–	-4,897	–	-0.16%	–
EW	Exit	Edwards Lifesciences	$0	–	-3,735	–	-0.24%	–
NI	Exit	Nisource Inc	$0	–	-61,990	–	-1.81%	–

Q2 2014

			Value		Shares		↓ Weighting
XOM	New	Exxon Mobil Corp	$6,936,000	–	68,893	–	5.15%	–
PBA	New	Pembina Pipeline Corp	$5,325,000	–	123,828	–	3.96%	–
UL	New	Unilever Group Plc Adr	$5,311,000	–	117,205	–	3.95%	–
JNJ	New	Johnson & Johnson	$4,145,000	–	39,619	–	3.08%	–
KO	New	Coca Cola Company	$4,144,000	–	97,820	–	3.08%	–
PEP	New	Pepsico Inc	$3,640,000	–	40,740	–	2.70%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$3,444,000	–	32,585	–	2.56%	–
FAX	New	Aberdeen Asia Pacific Income	$3,260,000	–	519,147	–	2.42%	–
PG	New	Procter & Gamble Co	$3,221,000	–	40,985	–	2.39%	–
SYK	New	Stryker Corp	$2,981,000	–	35,350	–	2.22%	–
MDLZ	New	Mondelez International	$2,975,000	–	79,090	–	2.21%	–
DUK	New	Duke Energy Corp	$2,944,000	–	39,680	–	2.19%	–
CVX	New	ChevronTexaco Corp.	$2,666,000	–	20,420	–	1.98%	–
NI	New	Nisource Inc	$2,439,000	–	61,990	–	1.81%	–
ATO	New	Atmos Energy Corp	$2,435,000	–	45,600	–	1.81%	–
K	New	Kellogg Company	$2,239,000	–	34,075	–	1.66%	–
MSFT	New	Microsoft Corp	$2,047,000	–	49,100	–	1.52%	–
AMLP	New	ALPS Alerian MLP ETF	$1,983,000	–	104,381	–	1.47%	–
IGIB	New	iShares Barclays Intermed Credit	$1,962,000	–	17,805	–	1.46%	–
BDX	New	Becton Dickinson & Co	$1,914,000	–	16,182	–	1.42%	–
FFC	New	F&C Claymore Pfd Income Fd	$1,907,000	–	97,318	–	1.42%	–
CAG	New	Conagra Foods, Inc	$1,900,000	–	64,000	–	1.41%	–
RDSB	New	Royal Dutch Shell B Adr	$1,858,000	–	21,350	–	1.38%	–
BKLN	New	Powershares Bank Loan ETF	$1,780,000	–	71,570	–	1.32%	–
HCNPRI	New	Health Care REIT pfd	$1,770,000	–	30,655	–	1.32%	–
FMO	New	Fiduciary/Claymore MLP Fund	$1,753,000	–	60,946	–	1.30%	–
EMD	New	Western Asset Emerging Mkts	$1,745,000	–	94,934	–	1.30%	–
LH	New	Lab Corp. of America	$1,738,000	–	16,970	–	1.29%	–
BAX	New	Baxter International Inc	$1,715,000	–	23,720	–	1.27%	–
ABT	New	Abbott Laboratories	$1,703,000	–	41,630	–	1.26%	–
EMC	New	E M C Corp	$1,702,000	–	64,635	–	1.26%	–
DOW	New	Dow Chemical Company	$1,584,000	–	30,775	–	1.18%	–
BGH	New	Babson Global Short Duration High Yield	$1,573,000	–	64,400	–	1.17%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,529,000	–	19,524	–	1.14%	–
SYY	New	Sysco Corporation	$1,519,000	–	40,550	–	1.13%	–
CPB	New	Campbell Soup Company	$1,409,000	–	30,758	–	1.05%	–
CSCO	New	Cisco Systems Inc	$1,388,000	–	55,855	–	1.03%	–
WAG	New	Walgreen Company	$1,351,000	–	18,220	–	1.00%	–
SE	New	Spectra Energy Corp	$1,335,000	–	31,425	–	0.99%	–
SLB	New	Schlumberger Ltd	$1,317,000	–	11,165	–	0.98%	–
O	New	Realty Income Corp	$1,188,000	–	26,755	–	0.88%	–
AESPRC	New	AES Trust 6.75 of 29	$1,030,000	–	19,860	–	0.76%	–
ASA	New	ASA Limited	$1,027,000	–	70,100	–	0.76%	–
PEO	New	Petroleum & Resources Corp	$1,023,000	–	32,811	–	0.76%	–
AAPL	New	Apple Inc	$1,020,000	–	10,976	–	0.76%	–
CL	New	Colgate-Palmolive Co	$1,017,000	–	14,920	–	0.76%	–
XEL	New	Xcel Energy Inc	$981,000	–	30,444	–	0.73%	–
UPS	New	United Parcel Service B	$958,000	–	9,330	–	0.71%	–
GM	New	General Motors Co.	$937,000	–	25,800	–	0.70%	–
RDSA	New	Royal Dutch Shell A Adr	$906,000	–	11,000	–	0.67%	–
ARDC	New	Ares Dynamic Credit	$905,000	–	49,711	–	0.67%	–
WPC	New	W P Carey Inc	$860,000	–	13,350	–	0.64%	–
CNP	New	Centerpoint Energy Inc	$830,000	–	32,501	–	0.62%	–
PAGP	New	Plains GP Hldgs L Put ltd ptnr	$829,000	–	25,900	–	0.62%	–
SO	New	Southern Company	$822,000	–	18,120	–	0.61%	–
NWN	New	Northwest Natural Gas	$809,000	–	17,151	–	0.60%	–
BP	New	BP Plc Adr	$785,000	–	14,884	–	0.58%	–
MCD	New	McDonald's Corp	$771,000	–	7,650	–	0.57%	–
EMB	New	iShares Emerging Markets Bond	$759,000	–	6,585	–	0.56%	–
SRCL	New	Stericycle Inc	$758,000	–	6,400	–	0.56%	–
HCN	New	Health Care REIT Inc	$745,000	–	11,890	–	0.55%	–
VTR	New	Ventas Inc	$739,000	–	11,530	–	0.55%	–
VZ	New	Verizon Communications	$696,000	–	14,220	–	0.52%	–
RYN	New	Rayonier Inc	$688,000	–	19,365	–	0.51%	–
MRK	New	Merck & Co Inc	$667,000	–	11,530	–	0.50%	–
TRP	New	Transcanada Corp	$645,000	–	13,510	–	0.48%	–
EBAY	New	Ebay Inc.	$626,000	–	12,500	–	0.46%	–
IFF	New	Int'l Flavors & Fragrances	$613,000	–	5,875	–	0.46%	–
GE	New	General Electric Company	$595,000	–	22,650	–	0.44%	–
GSK	New	GlaxoSmith Kline plc	$594,000	–	11,115	–	0.44%	–
GAS	New	AGL Resources	$593,000	–	10,771	–	0.44%	–
WM	New	Waste Management Inc	$543,000	–	12,135	–	0.40%	–
VCSH	New	Vanguard Short-Term Corp	$540,000	–	6,725	–	0.40%	–
GIM	New	Templeton Global Income Fund	$533,000	–	64,500	–	0.40%	–
CLX	New	Clorox Company	$500,000	–	5,475	–	0.37%	–
MEN	New	Blackrock MuniEnhanced Fund	$499,000	–	44,600	–	0.37%	–
ECL	New	Ecolab Inc.	$490,000	–	4,400	–	0.36%	–
F113PS	New	Covidien Plc	$483,000	–	5,355	–	0.36%	–
HYS	New	Pimco 0-5 Yr High Yield Corp	$460,000	–	4,300	–	0.34%	–
FEN	New	Energy Income & Growth Fund	$444,000	–	12,275	–	0.33%	–
VNQ	New	Vanguard REIT	$434,000	–	5,795	–	0.32%	–
D	New	Dominion Resources	$429,000	–	6,000	–	0.32%	–
OXY	New	Occidental Petroleum	$421,000	–	4,100	–	0.31%	–
AGU	New	Agrium Inc	$409,000	–	4,460	–	0.30%	–
CCE	New	Coca Cola Ent New	$389,000	–	8,150	–	0.29%	–
ACETQ	New	Aceto Corp	$377,000	–	20,775	–	0.28%	–
PNW	New	Pinnacle West Capital Cp	$367,000	–	6,350	–	0.27%	–
BCR	New	C R Bard Inc.	$338,000	–	2,365	–	0.25%	–
PF	New	Pinnacle Foods Inc	$334,000	–	10,150	–	0.25%	–
SXL	New	Sunoco Logistics Ptnr Lput ltd ptnr	$330,000	–	7,000	–	0.24%	–
BSV	New	Vanguard Short Term Bond ETF	$329,000	–	4,100	–	0.24%	–
EW	New	Edwards Lifesciences	$321,000	–	3,735	–	0.24%	–
FMC	New	FMC Corp	$271,000	–	3,805	–	0.20%	–
NTG	New	Tortoise MLP Fund Inc	$269,000	–	9,001	–	0.20%	–
EEQ	New	Enbridge Energy Mgmtut ltd ptnr	$240,000	–	6,803	–	0.18%	–
NEE	New	Nextera Energy Inc	$222,000	–	2,166	–	0.16%	–
TLP	New	Transmontaigne Ptnrs Lput ltd ptnr	$221,000	–	5,050	–	0.16%	–
VVC	New	Vectren Corp	$208,000	–	4,897	–	0.16%	–
	New	Intel Corp.	$201,000	–	6,501	–	0.15%	–

Q4 2013

			Value		Shares		↓ Weighting
HTM	Exit	U S Geothermal Inc	$0	–	-20,000	–	-0.01%	–
NQU	Exit	Nuveen Qlty Incm Muni Fd	$0	–	-11,500	–	-0.13%	–
EWS	Exit	iShares MSCI Singapore	$0	–	-14,200	–	-0.17%	–
CBBPRB	Exit	Cincinnati Bell 6.75% Pfdpfd cv	$0	–	-4,900	–	-0.19%	–
SGOL	Exit	ETFS Physical Swiss Gold	$0	–	-1,630	–	-0.19%	–
BEP	Exit	Brookfield Renewable Energy LPut ltd ptnr	$0	–	-8,959	–	-0.22%	–
NTG	Exit	Tortoise MLP Fund Inc	$0	–	-9,001	–	-0.22%	–
SXL	Exit	Sunoco Logistics Ptnr Lput ltd ptnr	$0	–	-4,500	–	-0.27%	–
F113PS	Exit	Covidien Plc	$0	–	-5,355	–	-0.30%	–
CCE	Exit	Coca Cola Ent New	$0	–	-8,150	–	-0.30%	–
EW	Exit	Edwards Lifesciences	$0	–	-4,905	–	-0.31%	–
PNW	Exit	Pinnacle West Capital Cp	$0	–	-6,350	–	-0.31%	–
BCR	Exit	C R Bard Inc.	$0	–	-3,165	–	-0.33%	–
WM	Exit	Waste Management Inc	$0	–	-9,150	–	-0.34%	–
OXY	Exit	Occidental Petroleum	$0	–	-4,100	–	-0.35%	–
FEN	Exit	Energy Income & Growth Fund	$0	–	-12,275	–	-0.36%	–
O	Exit	Realty Income Corp	$0	–	-10,650	–	-0.38%	–
CLX	Exit	Clorox Company	$0	–	-5,475	–	-0.40%	–
HYS	Exit	Pimco 0-5 Yr High Yield Corp	$0	–	-4,300	–	-0.41%	–
XLK	Exit	SPDR Technology ETF	$0	–	-14,500	–	-0.42%	–
GAS	Exit	AGL Resources	$0	–	-10,771	–	-0.45%	–
ACETQ	Exit	Aceto Corp	$0	–	-35,280	–	-0.50%	–
NWN	Exit	Northwest Natural Gas	$0	–	-13,351	–	-0.51%	–
ICN	Exit	WisdomTree Indian Rupee Fund	$0	–	-30,230	–	-0.52%	–
BP	Exit	BP Plc Adr	$0	–	-13,930	–	-0.53%	–
D	Exit	Dominion Resources	$0	–	-9,500	–	-0.54%	–
GIM	Exit	Templeton Global Income Fund	$0	–	-73,500	–	-0.56%	–
HCNPRI	Exit	Health Care REIT Inc	$0	–	-10,820	–	-0.61%	–
ECL	Exit	Ecolab Inc.	$0	–	-7,000	–	-0.62%	–
EBAY	Exit	Ebay Inc.	$0	–	-12,500	–	-0.63%	–
RDSA	Exit	Royal Dutch Shell A Adr	$0	–	-11,000	–	-0.65%	–
SO	Exit	Southern Company	$0	–	-17,720	–	-0.66%	–
IFF	Exit	Int'l Flavors & Fragrances	$0	–	-8,875	–	-0.66%	–
SLB	Exit	Schlumberger Ltd	$0	–	-8,320	–	-0.66%	–
SRCL	Exit	Stericycle Inc	$0	–	-6,400	–	-0.67%	–
EMB	Exit	iShares Emerging Markets Bond	$0	–	-6,935	–	-0.68%	–
NEM	Exit	Newmont Mining Corp	$0	–	-27,530	–	-0.70%	–
XEL	Exit	Xcel Energy Inc	$0	–	-29,644	–	-0.74%	–
AAPL	Exit	Apple Inc	$0	–	-1,746	–	-0.75%	–
UPS	Exit	United Parcel Service B	$0	–	-9,330	–	-0.77%	–
CL	Exit	Colgate-Palmolive Co	$0	–	-14,920	–	-0.80%	–
MCD	Exit	McDonald's Corp	$0	–	-9,350	–	-0.81%	–
AESPRC	Exit	AES Trust 6.75 of 29pfd cv 6.75%	$0	–	-17,940	–	-0.82%	–
FLR	Exit	Fluor Corporation	$0	–	-12,975	–	-0.83%	–
CNP	Exit	Centerpoint Energy Inc	$0	–	-40,099	–	-0.87%	–
SE	Exit	Spectra Energy Corp	$0	–	-31,425	–	-0.97%	–
PEO	Exit	Petroleum & Resources Corp	$0	–	-41,618	–	-1.02%	–
ARDC	Exit	Ares Dynamic Credit	$0	–	-64,631	–	-1.06%	–
EPD	Exit	Enterprise Prd Prtnrs Lput ltd ptnr	$0	–	-19,524	–	-1.08%	–
BAX	Exit	Baxter International Inc	$0	–	-18,265	–	-1.08%	–
ABBV	Exit	AbbVie Inc	$0	–	-27,030	–	-1.09%	–
WAG	Exit	Walgreen Company	$0	–	-23,220	–	-1.13%	–
DOW	Exit	Dow Chemical Company	$0	–	-32,900	–	-1.14%	–
SYY	Exit	Sysco Corporation	$0	–	-40,550	–	-1.17%	–
BGH	Exit	Babson Global Short Duration High Yield	$0	–	-59,900	–	-1.24%	–
ABT	Exit	Abbott Laboratories	$0	–	-41,230	–	-1.24%	–
RDSB	Exit	Royal Dutch Shell B Adr	$0	–	-21,230	–	-1.32%	–
EMC	Exit	E M C Corp	$0	–	-58,005	–	-1.34%	–
FMO	Exit	Fiduciary/Claymore MLP Fund	$0	–	-60,735	–	-1.35%	–
CAG	Exit	Conagra Foods, Inc	$0	–	-51,750	–	-1.42%	–
CPB	Exit	Campbell Soup Company	$0	–	-38,757	–	-1.43%	–
MSFT	Exit	Microsoft Corp	$0	–	-49,850	–	-1.50%	–
LH	Exit	Lab Corp. of America	$0	–	-16,970	–	-1.52%	–
BKLN	Exit	Powershares Bank Loan ETF	$0	–	-68,270	–	-1.52%	–
EMD	Exit	Western Asset Emerging Mkts	$0	–	-94,130	–	-1.53%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-17,532	–	-1.59%	–
MRK	Exit	Merck & Co Inc	$0	–	-37,536	–	-1.62%	–
AMLP	Exit	ALPS Alerian MLP ETF	$0	–	-102,735	–	-1.64%	–
K	Exit	Kellogg Company	$0	–	-33,525	–	-1.78%	–
IGIB	Exit	iShares Barclays Intermed Credit	$0	–	-18,305	–	-1.79%	–
ATO	Exit	Atmos Energy Corp	$0	–	-50,300	–	-1.94%	–
NI	Exit	Nisource Inc	$0	–	-70,710	–	-1.98%	–
SYK	Exit	Stryker Corp	$0	–	-35,350	–	-2.16%	–
MDLZ	Exit	Mondelez International	$0	–	-78,190	–	-2.22%	–
PG	Exit	Procter & Gamble Co	$0	–	-35,090	–	-2.40%	–
DUK	Exit	Duke Energy Corp	$0	–	-40,313	–	-2.44%	–
FAX	Exit	Aberdeen Asia Pacific Income	$0	–	-457,146	–	-2.51%	–
CVX	Exit	ChevronTexaco Corp.	$0	–	-23,644	–	-2.60%	–
PEP	Exit	Pepsico Inc	$0	–	-39,840	–	-2.87%	–
JNJ	Exit	Johnson & Johnson	$0	–	-39,168	–	-3.07%	–
IGSB	Exit	iShares Barclays 1-3 yr Bond	$0	–	-32,435	–	-3.09%	–
KO	Exit	Coca Cola Company	$0	–	-97,080	–	-3.33%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-127,665	–	-3.83%	–
UL	Exit	Unilever Group Plc Adr	$0	–	-116,155	–	-4.06%	–
XOM	Exit	Exxon Mobil Corp	$0	–	-74,190	–	-5.78%	–

Q3 2013

			Value		Shares		↓ Weighting
XOM	Buy	Exxon Mobil Corp	$6,383,000	-4.6%	74,190	+0.2%	5.78%	-5.4%
UL	Buy	Unilever Group Plc Adr	$4,481,000	-4.4%	116,155	+0.3%	4.06%	-5.2%
PBA	Sell	Pembina Pipeline Corp	$4,229,000	+6.9%	127,665	-1.2%	3.83%	+5.9%
KO	Sell	Coca Cola Company	$3,677,000	-6.0%	97,080	-0.5%	3.33%	-6.9%
JNJ	Sell	Johnson & Johnson	$3,395,000	-2.2%	39,168	-3.2%	3.07%	-3.1%
PEP	Buy	Pepsico Inc	$3,167,000	-1.9%	39,840	+1.0%	2.87%	-2.7%
FAX	Buy	Aberdeen Asia Pacific Income	$2,770,000	-0.9%	457,146	+1.4%	2.51%	-1.8%
DUK	Sell	Duke Energy Corp	$2,692,000	-2.5%	40,313	-1.5%	2.44%	-3.4%
PG	Sell	Procter & Gamble Co	$2,652,000	-3.6%	35,090	-1.8%	2.40%	-4.5%
MDLZ	Sell	Mondelez International	$2,456,000	+6.2%	78,190	-3.6%	2.22%	+5.2%
SYK	Sell	Stryker Corp	$2,389,000	+0.3%	35,350	-4.1%	2.16%	-0.6%
NI	Sell	Nisource Inc	$2,184,000	+7.0%	70,710	-0.8%	1.98%	+5.9%
ATO	Sell	Atmos Energy Corp	$2,142,000	+1.5%	50,300	-2.1%	1.94%	+0.6%
K	Sell	Kellogg Company	$1,968,000	-10.1%	33,525	-1.6%	1.78%	-10.9%
AMLP	Buy	ALPS Alerian MLP ETF	$1,807,000	+12.7%	102,735	+14.3%	1.64%	+11.6%
EMD	Sell	Western Asset Emerging Mkts	$1,688,000	-3.9%	94,130	-1.4%	1.53%	-4.8%
BKLN	Buy	Powershares Bank Loan ETF	$1,684,000	+11.2%	68,270	+11.5%	1.52%	+10.1%
LH	Sell	Lab Corp. of America	$1,682,000	-1.1%	16,970	-0.2%	1.52%	-2.0%
CAG	Sell	Conagra Foods, Inc	$1,570,000	-14.0%	51,750	-1.0%	1.42%	-14.8%
RDSB	Buy	Royal Dutch Shell B Adr	$1,461,000	+5.4%	21,230	+1.5%	1.32%	+4.5%
ABT	Sell	Abbott Laboratories	$1,368,000	-15.0%	41,230	-10.6%	1.24%	-15.8%
BGH	Buy	Babson Global Short Duration High Yield	$1,367,000	+4.4%	59,900	+4.9%	1.24%	+3.3%
SYY	Sell	Sysco Corporation	$1,290,000	-12.7%	40,550	-6.2%	1.17%	-13.4%
DOW	New	Dow Chemical Company	$1,263,000	–	32,900	–	1.14%	–
WAG	Sell	Walgreen Company	$1,249,000	+12.1%	23,220	-7.9%	1.13%	+11.1%
ABBV	Sell	AbbVie Inc	$1,209,000	+6.7%	27,030	-1.5%	1.09%	+5.7%
BAX	Buy	Baxter International Inc	$1,199,000	+18.6%	18,265	+25.1%	1.08%	+17.4%
ARDC	Buy	Ares Dynamic Credit	$1,170,000	+2.9%	64,631	+6.8%	1.06%	+1.9%
PEO	Sell	Petroleum & Resources Corp	$1,125,000	+2.9%	41,618	-2.3%	1.02%	+1.9%
AESPRC	New	AES Trust 6.75 of 29pfd cv 6.75%	$904,000	–	17,940	–	0.82%	–
MCD	Sell	McDonald's Corp	$899,000	-9.6%	9,350	-7.0%	0.81%	-10.4%
UPS	Buy	United Parcel Service B	$852,000	+20.2%	9,330	+13.8%	0.77%	+19.0%
AAPL	Sell	Apple Inc	$832,000	-9.4%	1,746	-24.6%	0.75%	-10.3%
XEL	Sell	Xcel Energy Inc	$818,000	-7.6%	29,644	-5.1%	0.74%	-8.5%
NEM	Buy	Newmont Mining Corp	$773,000	+4.9%	27,530	+11.8%	0.70%	+4.0%
IFF	Sell	Int'l Flavors & Fragrances	$730,000	-2.5%	8,875	-11.0%	0.66%	-3.4%
SO	Sell	Southern Company	$729,000	-8.8%	17,720	-2.2%	0.66%	-9.6%
EBAY	Sell	Ebay Inc.	$697,000	+4.5%	12,500	-3.1%	0.63%	+3.6%
ECL	Sell	Ecolab Inc.	$691,000	-1.0%	7,000	-14.6%	0.62%	-2.0%
HCNPRI	New	Health Care REIT Inc	$674,000	–	10,820	–	0.61%	–
BP	Buy	BP Plc Adr	$585,000	+4.5%	13,930	+3.7%	0.53%	+3.5%
NWN	Sell	Northwest Natural Gas	$560,000	-3.3%	13,351	-2.2%	0.51%	-4.2%
ACETQ	Sell	Aceto Corp	$551,000	-64.4%	35,280	-68.2%	0.50%	-64.7%
XLK	Sell	SPDR Technology ETF	$464,000	-3.9%	14,500	-8.2%	0.42%	-4.8%
O	New	Realty Income Corp	$423,000	–	10,650	–	0.38%	–
OXY	Buy	Occidental Petroleum	$383,000	+20.4%	4,100	+14.8%	0.35%	+19.2%
WM	Sell	Waste Management Inc	$377,000	-4.8%	9,150	-7.0%	0.34%	-5.8%
CCE	Sell	Coca Cola Ent New	$327,000	-8.1%	8,150	-19.7%	0.30%	-8.9%
BEP	Sell	Brookfield Renewable Energy LPut ltd ptnr	$238,000	-22.0%	8,959	-18.2%	0.22%	-22.9%
SGOL	Sell	ETFS Physical Swiss Gold	$213,000	+2.9%	1,630	-4.7%	0.19%	+2.1%
CBBPRB	New	Cincinnati Bell 6.75% Pfdpfd cv	$206,000	–	4,900	–	0.19%	–
EWS	Sell	iShares MSCI Singapore	$189,000	-13.7%	14,200	-17.4%	0.17%	-14.5%
MUE	Exit	Blackrock MuniHoldings Qlty II	$0	–	-10,400	–	-0.13%	–
ARCO	Exit	Arcos Dorados, McDonalds/Latin America	$0	–	-14,050	–	-0.15%	–
WRE	Exit	Washington Real Estate Inv Tr	$0	–	-10,662	–	-0.26%	–
GLNG	Exit	Golar LNG Ltd	$0	–	-12,640	–	-0.37%	–

Q2 2013

			Value		Shares		↓ Weighting
XOM	New	Exxon Mobil Corp	$6,688,000	–	74,030	–	6.11%	–
UL	New	Unilever Group Plc Adr	$4,685,000	–	115,835	–	4.28%	–
PBA	New	Pembina Pipeline Corp	$3,955,000	–	129,165	–	3.61%	–
KO	New	Coca Cola Company	$3,911,000	–	97,530	–	3.57%	–
JNJ	New	Johnson & Johnson	$3,472,000	–	40,443	–	3.17%	–
IGSB	New	iShares Barclays 1-3 yr Bond	$3,406,000	–	32,435	–	3.11%	–
PEP	New	Pepsico Inc	$3,227,000	–	39,455	–	2.95%	–
CVX	New	ChevronTexaco Corp.	$2,798,000	–	23,644	–	2.56%	–
FAX	New	Aberdeen Asia Pacific Income	$2,794,000	–	450,646	–	2.55%	–
DUK	New	Duke Energy Corp	$2,761,000	–	40,912	–	2.52%	–
PG	New	Procter & Gamble Co	$2,751,000	–	35,740	–	2.51%	–
SYK	New	Stryker Corp	$2,383,000	–	36,850	–	2.18%	–
MDLZ	New	Mondelez International	$2,313,000	–	81,090	–	2.11%	–
K	New	Kellogg Company	$2,188,000	–	34,075	–	2.00%	–
ATO	New	Atmos Energy Corp	$2,110,000	–	51,400	–	1.93%	–
NI	New	Nisource Inc	$2,042,000	–	71,310	–	1.87%	–
IGIB	New	iShares Barclays Intermed Credit	$1,971,000	–	18,305	–	1.80%	–
CAG	New	Conagra Foods, Inc	$1,825,000	–	52,250	–	1.67%	–
EMD	New	Western Asset Emerging Mkts	$1,757,000	–	95,465	–	1.60%	–
MRK	New	Merck & Co Inc	$1,743,000	–	37,536	–	1.59%	–
CPB	New	Campbell Soup Company	$1,735,000	–	38,757	–	1.58%	–
BDX	New	Becton Dickinson & Co	$1,732,000	–	17,532	–	1.58%	–
MSFT	New	Microsoft Corp	$1,722,000	–	49,850	–	1.57%	–
LH	New	Lab Corp. of America	$1,701,000	–	17,000	–	1.55%	–
FMO	New	Fiduciary/Claymore MLP Fund	$1,658,000	–	60,735	–	1.52%	–
ABT	New	Abbott Laboratories	$1,609,000	–	46,130	–	1.47%	–
AMLP	New	ALPS Alerian MLP ETF	$1,604,000	–	89,860	–	1.47%	–
ACETQ	New	Aceto Corp	$1,547,000	–	111,058	–	1.41%	–
BKLN	New	Powershares Bank Loan ETF	$1,515,000	–	61,220	–	1.38%	–
SYY	New	Sysco Corporation	$1,477,000	–	43,250	–	1.35%	–
RDSB	New	Royal Dutch Shell B Adr	$1,386,000	–	20,920	–	1.27%	–
EMC	New	E M C Corp	$1,370,000	–	58,005	–	1.25%	–
BGH	New	Babson Global Short Duration High Yield	$1,310,000	–	57,100	–	1.20%	–
EPD	New	Enterprise Prd Prtnrs Lput ltd ptnr	$1,213,000	–	19,524	–	1.11%	–
ARDC	New	Ares Dynamic Credit	$1,137,000	–	60,525	–	1.04%	–
ABBV	New	AbbVie Inc	$1,133,000	–	27,430	–	1.04%	–
WAG	New	Walgreen Company	$1,114,000	–	25,220	–	1.02%	–
PEO	New	Petroleum & Resources Corp	$1,093,000	–	42,594	–	1.00%	–
SE	New	Spectra Energy Corp	$1,082,000	–	31,425	–	0.99%	–
BAX	New	Baxter International Inc	$1,011,000	–	14,600	–	0.92%	–
MCD	New	McDonald's Corp	$994,000	–	10,050	–	0.91%	–
CNP	New	Centerpoint Energy Inc	$941,000	–	40,099	–	0.86%	–
AAPL	New	Apple Inc	$918,000	–	2,316	–	0.84%	–
XEL	New	Xcel Energy Inc	$885,000	–	31,244	–	0.81%	–
CL	New	Colgate-Palmolive Co	$854,000	–	14,920	–	0.78%	–
SO	New	Southern Company	$799,000	–	18,120	–	0.73%	–
FLR	New	Fluor Corporation	$769,000	–	12,975	–	0.70%	–
EMB	New	iShares Emerging Markets Bond	$759,000	–	6,935	–	0.69%	–
IFF	New	Int'l Flavors & Fragrances	$749,000	–	9,975	–	0.68%	–
NEM	New	Newmont Mining Corp	$737,000	–	24,630	–	0.67%	–
UPS	New	United Parcel Service B	$709,000	–	8,200	–	0.65%	–
SRCL	New	Stericycle Inc	$706,000	–	6,400	–	0.64%	–
RDSA	New	Royal Dutch Shell A Adr	$701,000	–	11,000	–	0.64%	–
ECL	New	Ecolab Inc.	$698,000	–	8,200	–	0.64%	–
EBAY	New	Ebay Inc.	$667,000	–	12,900	–	0.61%	–
GIM	New	Templeton Global Income Fund	$635,000	–	73,500	–	0.58%	–
ICN	New	WisdomTree Indian Rupee Fund	$600,000	–	30,230	–	0.55%	–
SLB	New	Schlumberger Ltd	$596,000	–	8,320	–	0.54%	–
NWN	New	Northwest Natural Gas	$579,000	–	13,651	–	0.53%	–
BP	New	BP Plc Adr	$560,000	–	13,430	–	0.51%	–
D	New	Dominion Resources	$539,000	–	9,500	–	0.49%	–
XLK	New	SPDR Technology ETF	$483,000	–	15,800	–	0.44%	–
GAS	New	AGL Resources	$461,000	–	10,771	–	0.42%	–
CLX	New	Clorox Company	$455,000	–	5,475	–	0.42%	–
HYS	New	Pimco 0-5 Yr High Yield Corp	$441,000	–	4,300	–	0.40%	–
FEN	New	Energy Income & Growth Fund	$417,000	–	12,275	–	0.38%	–
GLNG	New	Golar LNG Ltd	$403,000	–	12,640	–	0.37%	–
WM	New	Waste Management Inc	$396,000	–	9,835	–	0.36%	–
CCE	New	Coca Cola Ent New	$356,000	–	10,150	–	0.32%	–
PNW	New	Pinnacle West Capital Cp	$352,000	–	6,350	–	0.32%	–
BCR	New	C R Bard Inc.	$343,000	–	3,165	–	0.31%	–
F113PS	New	Covidien Plc	$336,000	–	5,355	–	0.31%	–
EW	New	Edwards Lifesciences	$329,000	–	4,905	–	0.30%	–
OXY	New	Occidental Petroleum	$318,000	–	3,570	–	0.29%	–
BEP	New	Brookfield Renewable Energy LPut ltd ptnr	$305,000	–	10,959	–	0.28%	–
SXL	New	Sunoco Logistics Ptnr Lput ltd ptnr	$287,000	–	4,500	–	0.26%	–
WRE	New	Washington Real Estate Inv Tr	$286,000	–	10,662	–	0.26%	–
NTG	New	Tortoise MLP Fund Inc	$263,000	–	9,001	–	0.24%	–
EWS	New	iShares MSCI Singapore	$219,000	–	17,200	–	0.20%	–
SGOL	New	ETFS Physical Swiss Gold	$207,000	–	1,710	–	0.19%	–
ARCO	New	Arcos Dorados, McDonalds/Latin America	$164,000	–	14,050	–	0.15%	–
NQU	New	Nuveen Qlty Incm Muni Fd	$155,000	–	11,500	–	0.14%	–
MUE	New	Blackrock MuniHoldings Qlty II	$143,000	–	10,400	–	0.13%	–
HTM	New	U S Geothermal Inc	$7,000	–	20,000	–	0.01%	–

Compare quarters

Export A. D. Beadell Investment Counsel, Inc.'s holdings