Community Bank of Raymore Activity Q4 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
O	Sell	REALTY INCOME CORP	$23,070,183	-17.9%	461,958	-1.7%	10.73%	-11.7%
KHC	Sell	KRAFT HEINZ CO	$12,953,957	-7.4%	385,076	-2.3%	6.03%	-0.5%
TSN	Sell	TYSON FOODS INCcl a	$12,516,471	-1.4%	247,900	-0.3%	5.82%	+6.0%
CAT	Sell	CATERPILLAR INC	$12,179,895	+9.8%	44,615	-1.0%	5.67%	+18.1%
JPM	Sell	JPMORGAN CHASE & CO	$10,120,366	-0.6%	69,786	-0.3%	4.71%	+7.0%
BAC	Sell	BANK AMERICA CORP	$9,521,834	-7.3%	347,766	-2.9%	4.43%	-0.3%
NRG	Sell	NRG ENERGY INC	$7,899,296	-14.4%	205,070	-16.9%	3.68%	-7.9%
GATX	Sell	GATX CORP	$7,206,070	-23.5%	66,214	-9.6%	3.35%	-17.8%
CSX	Buy	CSX CORP	$6,398,460	-8.6%	208,080	+1.4%	2.98%	-1.7%
GBX	Sell	GREENBRIER COS INC	$6,394,280	-8.3%	159,857	-1.2%	2.98%	-1.4%
ADC	Sell	AGREE RLTY CORP	$4,508,136	-17.6%	81,610	-2.5%	2.10%	-11.4%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$4,453,918	-4.7%	119,440	+2.2%	2.07%	+2.5%
AAPL	Buy	APPLE INC	$3,369,926	-8.9%	19,683	+3.3%	1.57%	-1.9%
NUE	Buy	NUCOR CORP	$3,347,454	-4.2%	21,410	+0.5%	1.56%	+3.0%
HD	Buy	HOME DEPOT INC	$3,124,335	-1.2%	10,340	+1.6%	1.45%	+6.2%
ABBV	Buy	ABBVIE INC	$3,031,582	+15.0%	20,338	+3.9%	1.41%	+23.7%
COP	Buy	CONOCOPHILLIPS	$2,872,085	+17.1%	23,974	+1.3%	1.34%	+25.9%
EVRG	Buy	EVERGY INC	$2,633,916	-9.0%	51,951	+4.9%	1.22%	-2.1%
XOM	Buy	EXXON MOBIL CORP	$2,423,206	+11.4%	20,609	+1.6%	1.13%	+19.8%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$2,250,642	-6.1%	143,995	+0.7%	1.05%	+1.1%
MS	Buy	MORGAN STANLEY	$2,200,189	+2.0%	26,940	+6.6%	1.02%	+9.6%
QCOM	Buy	QUALCOMM INC	$2,041,838	+5.1%	18,385	+12.6%	0.95%	+13.0%
PG	Sell	PROCTER AND GAMBLE CO	$1,987,051	-29.9%	13,623	-27.0%	0.92%	-24.6%
NCR	Buy	NCR CORP NEW	$1,935,098	+9.8%	71,750	+2.6%	0.90%	+18.1%
GM	Buy	GENERAL MTRS CO	$1,667,128	-10.1%	50,565	+5.1%	0.78%	-3.4%
	Sell	SHELL PLCspon ads	$1,635,252	+2.6%	25,400	-3.8%	0.76%	+10.4%
VIAC	Sell	PARAMOUNT GLOBAL	$1,593,279	-26.4%	123,510	-9.2%	0.74%	-20.8%
PFE	Buy	PFIZER INC	$1,519,186	-3.3%	45,800	+6.9%	0.71%	+4.0%
VFC	Buy	V F CORP	$1,188,749	-3.6%	67,275	+4.2%	0.55%	+3.8%
MDT	Sell	MEDTRONIC PLC	$1,142,881	-11.8%	14,585	-0.9%	0.53%	-5.2%
NEE	Buy	NEXTERA ENERGY INC	$953,306	-19.0%	16,640	+4.9%	0.44%	-13.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$802,187	+9.4%	2,290	+6.5%	0.37%	+17.7%
IRM	Buy	IRON MTN INC DEL	$784,740	+13.9%	13,200	+8.8%	0.36%	+22.5%
CTVA	Buy	CORTEVA INC	$594,326	-8.3%	11,617	+2.7%	0.28%	-1.4%
BIV	Sell	VANGUARD BD INDEX FDSintermed term	$509,725	-3.9%	7,048	-0.0%	0.24%	+3.5%
DIS	Buy	DISNEY WALT CO	$464,579	+12.8%	5,732	+24.3%	0.22%	+21.3%
HON	Buy	HONEYWELL INTL INC	$449,657	+8.4%	2,434	+21.7%	0.21%	+16.1%
JBHT	Sell	HUNT J B TRANS SVCS INC	$369,499	+2.6%	1,960	-1.5%	0.17%	+10.3%
VTEB	Sell	VANGUARD MUN BD FDStax exempt bd	$274,696	-4.9%	5,710	-0.7%	0.13%	+2.4%
IWR	Sell	ISHARES TRrus mid cap etf	$272,083	-6.1%	3,929	-1.0%	0.13%	+1.6%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$238,507	-3.6%	557	-0.2%	0.11%	+3.7%
OHI	New	OMEGA HEALTHCARE INVS INC	$203,602	–	6,140	–	0.10%	–
	Sell	ORION OFFICE REIT INC	$142,556	-49.1%	27,362	-35.4%	0.07%	-45.5%
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,719	–	-0.09%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-2,060	–	-0.10%	–

Q2 2023

			Value		Shares		↓ Weighting
O	New	REALTY INCOME CORP	$28,101,779	–	470,008	–	12.16%	–
KHC	New	KRAFT HEINZ CO	$13,996,585	–	394,270	–	6.05%	–
TSN	New	TYSON FOODS INCcl a	$12,695,179	–	248,730	–	5.49%	–
CAT	New	CATERPILLAR INC	$11,088,243	–	45,065	–	4.80%	–
BAC	New	BANK AMERICA CORP	$10,273,889	–	358,100	–	4.44%	–
JPM	New	JPMORGAN CHASE & CO	$10,177,310	–	69,976	–	4.40%	–
GATX	New	GATX CORP	$9,425,699	–	73,215	–	4.08%	–
NRG	New	NRG ENERGY INC	$9,223,365	–	246,680	–	3.99%	–
CSX	New	CSX CORP	$6,999,366	–	205,260	–	3.03%	–
GBX	New	GREENBRIER COS INC	$6,976,037	–	161,857	–	3.02%	–
ADC	New	AGREE RLTY CORP	$5,471,835	–	83,680	–	2.37%	–
LXP	New	LXP INDUSTRIAL TRUST	$4,698,038	–	481,850	–	2.03%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,675,200	–	116,880	–	2.02%	–
F	New	FORD MTR CO DEL	$4,672,144	–	308,800	–	2.02%	–
USB	New	US BANCORP DEL	$4,215,441	–	127,586	–	1.82%	–
R	New	RYDER SYS INC	$4,101,208	–	48,369	–	1.77%	–
	New	GENERAL ELECTRIC CO	$4,044,677	–	36,820	–	1.75%	–
AAPL	New	APPLE INC	$3,697,651	–	19,063	–	1.60%	–
UNP	New	UNION PAC CORP	$3,674,975	–	17,960	–	1.59%	–
NUE	New	NUCOR CORP	$3,494,414	–	21,310	–	1.51%	–
T	New	AT&T INC	$3,350,984	–	210,093	–	1.45%	–
SVC	New	SERVICE PPTYS TR	$3,332,554	–	383,493	–	1.44%	–
HD	New	HOME DEPOT INC	$3,162,315	–	10,180	–	1.37%	–
EVRG	New	EVERGY INC	$2,893,017	–	49,521	–	1.25%	–
PG	New	PROCTER AND GAMBLE CO	$2,832,986	–	18,670	–	1.22%	–
ABBV	New	ABBVIE INC	$2,636,397	–	19,568	–	1.14%	–
COP	New	CONOCOPHILLIPS	$2,451,827	–	23,664	–	1.06%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$2,395,758	–	142,945	–	1.04%	–
MSFT	New	MICROSOFT CORP	$2,364,028	–	6,942	–	1.02%	–
XOM	New	EXXON MOBIL CORP	$2,174,923	–	20,279	–	0.94%	–
VIAC	New	PARAMOUNT GLOBAL	$2,163,919	–	136,010	–	0.94%	–
MS	New	MORGAN STANLEY	$2,158,058	–	25,270	–	0.93%	–
QCOM	New	QUALCOMM INC	$1,943,328	–	16,325	–	0.84%	–
GM	New	GENERAL MTRS CO	$1,855,314	–	48,115	–	0.80%	–
NCR	New	NCR CORP NEW	$1,762,236	–	69,930	–	0.76%	–
	New	SHELL PLCspon ads	$1,594,032	–	26,400	–	0.69%	–
PFE	New	PFIZER INC	$1,571,738	–	42,850	–	0.68%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,487,931	–	12,300	–	0.64%	–
JNJ	New	JOHNSON & JOHNSON	$1,442,507	–	8,715	–	0.62%	–
TXN	New	TEXAS INSTRS INC	$1,352,850	–	7,515	–	0.58%	–
MDT	New	MEDTRONIC PLC	$1,296,392	–	14,715	–	0.56%	–
PYPL	New	PAYPAL HLDGS INC	$1,297,899	–	19,450	–	0.56%	–
VFC	New	V F CORP	$1,232,546	–	64,565	–	0.53%	–
DUK	New	DUKE ENERGY CORP NEW	$1,180,979	–	13,160	–	0.51%	–
NEE	New	NEXTERA ENERGY INC	$1,177,554	–	15,870	–	0.51%	–
	New	GE HEALTHCARE TECHNOLOGIES I	$1,055,064	–	12,987	–	0.46%	–
APLE	New	APPLE HOSPITALITY REIT INC	$1,027,782	–	68,020	–	0.44%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$992,184	–	15,515	–	0.43%	–
MPW	New	MEDICAL PPTYS TRUST INC	$930,815	–	100,520	–	0.40%	–
NSC	New	NORFOLK SOUTHN CORP	$907,040	–	4,000	–	0.39%	–
SO	New	SOUTHERN CO	$853,538	–	12,150	–	0.37%	–
ALL	New	ALLSTATE CORP	$808,640	–	7,416	–	0.35%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$733,150	–	2,150	–	0.32%	–
IRM	New	IRON MTN INC DEL	$689,227	–	12,130	–	0.30%	–
DOW	New	DOW INC	$664,792	–	12,482	–	0.29%	–
CTVA	New	CORTEVA INC	$647,891	–	11,307	–	0.28%	–
	New	WARNER BROS DISCOVERY INC	$609,833	–	48,631	–	0.26%	–
BIV	New	VANGUARD BD INDEX FDSintermed term	$530,308	–	7,050	–	0.23%	–
HON	New	HONEYWELL INTL INC	$415,001	–	2,000	–	0.18%	–
DIS	New	DISNEY WALT CO	$411,759	–	4,612	–	0.18%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$404,917	–	5,351	–	0.18%	–
MDLZ	New	MONDELEZ INTL INCcl a	$380,382	–	5,215	–	0.16%	–
EPR	New	EPR PPTYS	$370,188	–	7,910	–	0.16%	–
JBHT	New	HUNT J B TRANS SVCS INC	$360,250	–	1,990	–	0.16%	–
ABT	New	ABBOTT LABS	$341,778	–	3,135	–	0.15%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$335,023	–	3,420	–	0.14%	–
PEP	New	PEPSICO INC	$327,839	–	1,770	–	0.14%	–
CVX	New	CHEVRON CORP NEW	$328,389	–	2,087	–	0.14%	–
UTF	New	COHEN & STEERS INFRASTRUCTUR	$316,744	–	13,410	–	0.14%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$288,852	–	5,752	–	0.12%	–
IWR	New	ISHARES TRrus mid cap etf	$289,710	–	3,967	–	0.12%	–
MRK	New	MERCK & CO INC	$284,436	–	2,465	–	0.12%	–
	New	ORION OFFICE REIT INC	$280,172	–	42,386	–	0.12%	–
VOO	New	VANGUARD INDEX FDS	$279,104	–	685	–	0.12%	–
IVV	New	ISHARES TRcore s&p500 etf	$267,426	–	600	–	0.12%	–
SYK	New	STRYKER CORPORATION	$267,564	–	877	–	0.12%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$262,267	–	1,960	–	0.11%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$247,323	–	558	–	0.11%	–
AMZN	New	AMAZON COM INC	$245,077	–	1,880	–	0.11%	–
IWM	New	ISHARES TRrussell 2000 etf	$245,136	–	1,309	–	0.11%	–
DFS	New	DISCOVER FINL SVCS	$240,711	–	2,060	–	0.10%	–
BA	New	BOEING CO	$221,718	–	1,050	–	0.10%	–
VZ	New	VERIZON COMMUNICATIONS INC	$212,689	–	5,719	–	0.09%	–
MFC	New	MANULIFE FINL CORP	$201,505	–	10,656	–	0.09%	–
EBS	New	EMERGENT BIOSOLUTIONS INC	$98,490	–	13,400	–	0.04%	–

Q4 2022

			Value		Shares		↓ Weighting
MFC	Exit	MANULIFE FINL CORP	$0	–	-10,656	–	-0.06%	–
MRK	Exit	MERCK & CO INC	$0	–	-2,465	–	-0.07%	–
DOW	Exit	DOW INC	$0	–	-4,832	–	-0.07%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,309	–	-0.07%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-600	–	-0.07%	–
CTVA	Exit	CORTEVA INC	$0	–	-3,787	–	-0.08%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,919	–	-0.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,960	–	-0.08%	–
QCOM	Exit	QUALCOMM INC	$0	–	-2,085	–	-0.08%	–
NCR	Exit	NCR CORP NEW	$0	–	-12,570	–	-0.08%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-736	–	-0.08%	–
MPW	Exit	MEDICAL PPTYS TRUST INC	$0	–	-20,600	–	-0.08%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-4,044	–	-0.09%	–
WMT	Exit	WALMART INC	$0	–	-2,100	–	-0.09%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-5,752	–	-0.10%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-5,215	–	-0.10%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-1,875	–	-0.10%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-3,120	–	-0.10%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,087	–	-0.10%	–
PEP	Exit	PEPSICO INC	$0	–	-1,845	–	-0.10%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,197	–	-0.10%	–
PFE	Exit	PFIZER INC	$0	–	-6,970	–	-0.10%	–
UTF	Exit	COHEN & STEERS INFRASTRUCTUR	$0	–	-13,410	–	-0.11%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-4,150	–	-0.12%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-5,030	–	-0.14%	–
AMZN	Exit	AMAZON COM INC	$0	–	-3,780	–	-0.15%	–
EPR	Exit	EPR PPTYS	$0	–	-12,010	–	-0.15%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,200	–	-0.15%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-5,938	–	-0.15%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,650	–	-0.16%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-5,715	–	-0.16%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.18%	–
BIV	Exit	VANGUARD BD INDEX FDSintermed term	$0	–	-7,275	–	-0.18%	–
ABBV	Exit	ABBVIE INC	$0	–	-4,835	–	-0.22%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-4,000	–	-0.29%	–
	Exit	ORION OFFICE REIT INC	$0	–	-99,810	–	-0.30%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.32%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-86,576	–	-0.34%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,407	–	-0.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-6,935	–	-0.39%	–
AAPL	Exit	APPLE INC	$0	–	-8,188	–	-0.39%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-94,620	–	-0.46%	–
SO	Exit	SOUTHERN CO	$0	–	-20,730	–	-0.48%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-15,659	–	-0.50%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-18,549	–	-0.56%	–
CLF	Exit	CLEVELAND-CLIFFS INC NEW	$0	–	-143,325	–	-0.66%	–
	Exit	SHELL PLCspon ads	$0	–	-41,650	–	-0.71%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-27,004	–	-0.95%	–
SVC	Exit	SERVICE PPTYS TR	$0	–	-542,285	–	-0.97%	–
EVRG	Exit	EVERGY INC	$0	–	-51,438	–	-1.05%	–
VIAC	Exit	PARAMOUNT GLOBAL	$0	–	-170,000	–	-1.11%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-26,490	–	-1.15%	–
UNP	Exit	UNION PAC CORP	$0	–	-17,960	–	-1.20%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-57,677	–	-1.23%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-163,456	–	-1.54%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-198,415	–	-1.66%	–
T	Exit	AT&T INC	$0	–	-357,073	–	-1.88%	–
R	Exit	RYDER SYS INC	$0	–	-73,506	–	-1.91%	–
LXP	Exit	LXP INDUSTRIAL TRUST	$0	–	-694,225	–	-2.19%	–
NUE	Exit	NUCOR CORP	$0	–	-65,270	–	-2.40%	–
F	Exit	FORD MTR CO DEL	$0	–	-698,000	–	-2.69%	–
GATX	Exit	GATX CORP	$0	–	-92,757	–	-2.72%	–
ADC	Exit	AGREE RLTY CORP	$0	–	-120,657	–	-2.80%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-93,385	–	-3.36%	–
USB	Exit	US BANCORP DEL	$0	–	-246,678	–	-3.42%	–
CAT	Exit	CATERPILLAR INC	$0	–	-64,525	–	-3.64%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-492,160	–	-5.11%	–
NRG	Exit	NRG ENERGY INC	$0	–	-431,960	–	-5.69%	–
CSX	Exit	CSX CORP	$0	–	-658,129	–	-6.03%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-717,325	–	-8.23%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-399,111	–	-9.05%	–
O	Exit	REALTY INCOME CORP	$0	–	-923,990	–	-18.50%	–

Q3 2022

			Value		Shares		↓ Weighting
O	Sell	REALTY INCOME CORP	$53,776,000	-18.3%	923,990	-4.2%	18.50%	-7.6%
TSN	Buy	TYSON FOODS INCcl a	$26,314,000	-22.4%	399,111	+1.3%	9.05%	-12.3%
KHC	Buy	KRAFT HEINZ CO	$23,923,000	-8.5%	717,325	+4.6%	8.23%	+3.4%
CSX	Sell	CSX CORP	$17,532,000	-17.7%	658,129	-10.2%	6.03%	-7.0%
NRG	Sell	NRG ENERGY INC	$16,531,000	-11.1%	431,960	-11.3%	5.69%	+0.5%
BAC	Buy	BK OF AMERICA CORP	$14,863,000	+19.7%	492,160	+23.4%	5.11%	+35.3%
USB	Buy	US BANCORP DEL	$9,946,000	-12.2%	246,678	+0.3%	3.42%	-0.7%
JPM	Buy	JPMORGAN CHASE & CO	$9,759,000	-6.9%	93,385	+0.3%	3.36%	+5.2%
GATX	Sell	GATX CORP	$7,898,000	-15.9%	92,757	-7.0%	2.72%	-4.9%
F	Buy	FORD MTR CO DEL	$7,818,000	+5.0%	698,000	+4.3%	2.69%	+18.7%
NUE	Buy	NUCOR CORP	$6,983,000	+4.4%	65,270	+1.9%	2.40%	+18.0%
LXP	Sell	LXP INDUSTRIAL TRUST	$6,360,000	-17.0%	694,225	-2.8%	2.19%	-6.2%
R	Sell	RYDER SYS INC	$5,549,000	+4.4%	73,506	-1.7%	1.91%	+18.1%
T	Sell	AT&T INC	$5,477,000	-28.9%	357,073	-2.9%	1.88%	-19.7%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$4,467,000	-14.5%	163,456	-8.4%	1.54%	-3.3%
	Sell	GENERAL ELECTRIC CO	$3,571,000	-4.8%	57,677	-2.1%	1.23%	+7.6%
PG	Sell	PROCTER AND GAMBLE CO	$3,344,000	-22.4%	26,490	-11.7%	1.15%	-12.3%
SVC	Sell	SERVICE PPTYS TR	$2,814,000	-16.8%	542,285	-16.1%	0.97%	-5.9%
COP	Sell	CONOCOPHILLIPS	$2,764,000	-26.7%	27,004	-35.7%	0.95%	-17.2%
	Sell	SHELL PLCspon ads	$2,073,000	-26.1%	41,650	-22.4%	0.71%	-16.4%
CLF	Buy	CLEVELAND-CLIFFS INC NEW	$1,931,000	+15.8%	143,325	+32.1%	0.66%	+31.0%
APLE	Sell	APPLE HOSPITALITY REIT INC	$1,330,000	-20.9%	94,620	-17.4%	0.46%	-10.6%
AAPL	Buy	APPLE INC	$1,132,000	+130.5%	8,188	+128.2%	0.39%	+161.1%
JNJ	Buy	JOHNSON & JOHNSON	$1,132,000	+17.3%	6,935	+27.6%	0.39%	+32.3%
MSFT	Buy	MICROSOFT CORP	$1,027,000	+17.5%	4,407	+29.4%	0.35%	+32.7%
	Sell	WARNER BROS DISCOVERY INC	$996,000	-16.6%	86,576	-2.7%	0.34%	-5.5%
	Sell	ORION OFFICE REIT INC	$873,000	-23.6%	99,810	-4.3%	0.30%	-13.8%
ABBV	Buy	ABBVIE INC	$649,000	+48.5%	4,835	+69.4%	0.22%	+67.7%
MDT	Buy	MEDTRONIC PLC	$461,000	+88.9%	5,715	+110.5%	0.16%	+114.9%
HD	Buy	HOME DEPOT INC	$455,000	+120.9%	1,650	+120.0%	0.16%	+147.6%
BMY	Buy	BRISTOL-MYERS SQUIBB CO	$440,000	+120.0%	6,200	+138.5%	0.15%	+147.5%
NEE	New	NEXTERA ENERGY INC	$394,000	–	5,030	–	0.14%	–
PYPL	New	PAYPAL HLDGS INC	$358,000	–	4,150	–	0.12%	–
UTF	Buy	COHEN & STEERS INFRASTRUCTUR	$312,000	-5.5%	13,410	+2.7%	0.11%	+7.0%
PFE	New	PFIZER INC	$305,000	–	6,970	–	0.10%	–
GOOG	New	ALPHABET INCcap stk cl c	$300,000	–	3,120	–	0.10%	–
TXN	New	TEXAS INSTRS INC	$290,000	–	1,875	–	0.10%	–
VTEB	Sell	VANGUARD MUN BD FDStax exempt bd	$277,000	-4.5%	5,752	-0.9%	0.10%	+8.0%
MPW	New	MEDICAL PPTYS TRUST INC	$244,000	–	20,600	–	0.08%	–
VOO	Sell	VANGUARD INDEX FDS	$242,000	-6.9%	736	-1.9%	0.08%	+5.1%
NCR	New	NCR CORP NEW	$239,000	–	12,570	–	0.08%	–
QCOM	New	QUALCOMM INC	$236,000	–	2,085	–	0.08%	–
CTVA	New	CORTEVA INC	$217,000	–	3,787	–	0.08%	–
DOW	New	DOW INC	$213,000	–	4,832	–	0.07%	–
IRM	Exit	IRON MTN INC NEW	$0	–	-4,250	–	-0.06%	–

Q2 2022

			Value		Shares		↓ Weighting
O	New	REALTY INCOME CORP	$65,832,000	–	964,431	–	20.03%	–
TSN	New	TYSON FOODS INCcl a	$33,917,000	–	394,111	–	10.32%	–
KHC	New	KRAFT HEINZ CO	$26,152,000	–	685,705	–	7.96%	–
CSX	New	CSX CORP	$21,305,000	–	733,129	–	6.48%	–
NRG	New	NRG ENERGY INC	$18,587,000	–	486,960	–	5.66%	–
BAC	New	BK OF AMERICA CORP	$12,421,000	–	398,993	–	3.78%	–
CAT	New	CATERPILLAR INC	$11,534,000	–	64,525	–	3.51%	–
USB	New	US BANCORP DEL	$11,324,000	–	246,038	–	3.44%	–
JPM	New	JPMORGAN CHASE & CO	$10,486,000	–	93,120	–	3.19%	–
GATX	New	GATX CORP	$9,393,000	–	99,757	–	2.86%	–
ADC	New	AGREE RLTY CORP	$8,703,000	–	120,657	–	2.65%	–
T	New	AT&T INC	$7,708,000	–	367,723	–	2.34%	–
LXP	New	LXP INDUSTRIAL TRUST	$7,667,000	–	713,925	–	2.33%	–
F	New	FORD MTR CO DEL	$7,446,000	–	669,000	–	2.26%	–
GBX	New	GREENBRIER COS INC	$7,141,000	–	198,415	–	2.17%	–
NUE	New	NUCOR CORP	$6,690,000	–	64,070	–	2.04%	–
R	New	RYDER SYS INC	$5,314,000	–	74,782	–	1.62%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$5,222,000	–	178,456	–	1.59%	–
PG	New	PROCTER AND GAMBLE CO	$4,312,000	–	29,990	–	1.31%	–
VIAC	New	PARAMOUNT GLOBAL	$4,196,000	–	170,000	–	1.28%	–
UNP	New	UNION PAC CORP	$3,830,000	–	17,960	–	1.16%	–
COP	New	CONOCOPHILLIPS	$3,772,000	–	42,004	–	1.15%	–
	New	GENERAL ELECTRIC CO	$3,752,000	–	58,927	–	1.14%	–
SVC	New	SERVICE PPTYS TR	$3,381,000	–	646,560	–	1.03%	–
EVRG	New	EVERGY INC	$3,356,000	–	51,438	–	1.02%	–
	New	SHELL PLCspon ads	$2,805,000	–	53,650	–	0.85%	–
DUK	New	DUKE ENERGY CORP NEW	$1,679,000	–	15,659	–	0.51%	–
APLE	New	APPLE HOSPITALITY REIT INC	$1,681,000	–	114,620	–	0.51%	–
CLF	New	CLEVELAND-CLIFFS INC NEW	$1,668,000	–	108,500	–	0.51%	–
XOM	New	EXXON MOBIL CORP	$1,589,000	–	18,549	–	0.48%	–
SO	New	SOUTHERN CO	$1,478,000	–	20,730	–	0.45%	–
	New	WARNER BROS DISCOVERY INC	$1,194,000	–	88,995	–	0.36%	–
	New	ORION OFFICE REIT INC	$1,143,000	–	104,306	–	0.35%	–
JNJ	New	JOHNSON & JOHNSON	$965,000	–	5,435	–	0.29%	–
ALL	New	ALLSTATE CORP	$940,000	–	7,416	–	0.29%	–
NSC	New	NORFOLK SOUTHN CORP	$909,000	–	4,000	–	0.28%	–
MSFT	New	MICROSOFT CORP	$874,000	–	3,407	–	0.27%	–
BIV	New	VANGUARD BD INDEX FDSintermed term	$565,000	–	7,275	–	0.17%	–
EPR	New	EPR PPTYS	$563,000	–	12,010	–	0.17%	–
MS	New	MORGAN STANLEY	$497,000	–	6,540	–	0.15%	–
AAPL	New	APPLE INC	$491,000	–	3,588	–	0.15%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$452,000	–	5,938	–	0.14%	–
ABBV	New	ABBVIE INC	$437,000	–	2,855	–	0.13%	–
AMZN	New	AMAZON COM INC	$401,000	–	3,780	–	0.12%	–
UTF	New	COHEN & STEERS INFRASTRUCTUR	$330,000	–	13,060	–	0.10%	–
MDLZ	New	MONDELEZ INTL INCcl a	$324,000	–	5,215	–	0.10%	–
PEP	New	PEPSICO INC	$307,000	–	1,845	–	0.09%	–
DIS	New	DISNEY WALT CO	$302,000	–	3,197	–	0.09%	–
CVX	New	CHEVRON CORP NEW	$303,000	–	2,087	–	0.09%	–
VZ	New	VERIZON COMMUNICATIONS INC	$301,000	–	5,919	–	0.09%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$290,000	–	5,804	–	0.09%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$277,000	–	1,960	–	0.08%	–
IWR	New	ISHARES TRrus mid cap etf	$261,000	–	4,044	–	0.08%	–
VOO	New	VANGUARD INDEX FDS	$260,000	–	750	–	0.08%	–
WMT	New	WALMART INC	$255,000	–	2,100	–	0.08%	–
MDT	New	MEDTRONIC PLC	$244,000	–	2,715	–	0.07%	–
IVV	New	ISHARES TRcore s&p500 etf	$227,000	–	600	–	0.07%	–
MRK	New	MERCK & CO INC	$225,000	–	2,465	–	0.07%	–
IWM	New	ISHARES TRrussell 2000 etf	$222,000	–	1,309	–	0.07%	–
IRM	New	IRON MTN INC NEW	$207,000	–	4,250	–	0.06%	–
HD	New	HOME DEPOT INC	$206,000	–	750	–	0.06%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$200,000	–	2,600	–	0.06%	–
MFC	New	MANULIFE FINL CORP	$185,000	–	10,656	–	0.06%	–

Q4 2021

			Value		Shares		↓ Weighting
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-35,319	–	-0.05%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-10,656	–	-0.06%	–
ABT	Exit	ABBOTT LABS	$0	–	-1,735	–	-0.06%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-1,000	–	-0.06%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,087	–	-0.06%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.06%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-515	–	-0.07%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-903	–	-0.07%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-2,060	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-1,125	–	-0.08%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-600	–	-0.08%	–
HD	Exit	HOME DEPOT INC	$0	–	-802	–	-0.08%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-1,960	–	-0.08%	–
PEP	Exit	PEPSICO INC	$0	–	-1,845	–	-0.08%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-712	–	-0.08%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-4,945	–	-0.09%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,309	–	-0.09%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,515	–	-0.09%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-4,044	–	-0.10%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,975	–	-0.10%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-1,250	–	-0.10%	–
VTEB	Exit	VANGUARD MUN BD FDStax exempt bd	$0	–	-5,915	–	-0.10%	–
UTF	Exit	COHEN & STEERS INFRASTRUCTUR	$0	–	-12,660	–	-0.10%	–
WMT	Exit	WALMART INC	$0	–	-2,500	–	-0.10%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,750	–	-0.12%	–
KSS	Exit	KOHLS CORP	$0	–	-10,000	–	-0.14%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-11,250	–	-0.14%	–
VCSH	Exit	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$0	–	-6,012	–	-0.15%	–
AAPL	Exit	APPLE INC	$0	–	-3,588	–	-0.15%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,347	–	-0.17%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-10,549	–	-0.18%	–
AMZN	Exit	AMAZON COM INC	$0	–	-189	–	-0.19%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.19%	–
EPR	Exit	EPR PPTYS	$0	–	-13,410	–	-0.20%	–
BIV	Exit	VANGUARD BD INDEX FDSintermed term	$0	–	-7,431	–	-0.20%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-5,545	–	-0.27%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.28%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,462	–	-0.29%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-19,049	–	-0.34%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-25,867	–	-0.34%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-21,484	–	-0.35%	–
SO	Exit	SOUTHERN CO	$0	–	-23,730	–	-0.44%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-19,001	–	-0.56%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-49,583	–	-0.66%	–
ADC	Exit	AGREE RLTY CORP	$0	–	-33,490	–	-0.66%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-157,754	–	-0.74%	–
EVRG	Exit	EVERGY INC	$0	–	-54,374	–	-1.01%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-84,943	–	-1.08%	–
UNP	Exit	UNION PAC CORP	$0	–	-18,795	–	-1.10%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-31,990	–	-1.34%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-20,000	–	-1.43%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-72,004	–	-1.46%	–
F	Exit	FORD MTR CO DEL	$0	–	-381,000	–	-1.62%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-200,456	–	-1.95%	–
R	Exit	RYDER SYS INC	$0	–	-99,708	–	-2.47%	–
	Exit	GENERAL ELECTRIC CO	$0	–	-80,363	–	-2.48%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-717,025	–	-2.74%	–
GATX	Exit	GATX CORP	$0	–	-103,083	–	-2.77%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-229,215	–	-2.95%	–
SVC	Exit	SERVICE PPTYS TR	$0	–	-1,166,725	–	-3.92%	–
T	Exit	AT&T INC	$0	–	-531,376	–	-4.30%	–
CAT	Exit	CATERPILLAR INC	$0	–	-76,025	–	-4.37%	–
USB	Exit	US BANCORP DEL	$0	–	-257,671	–	-4.59%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-103,315	–	-5.07%	–
TSN	Exit	TYSON FOODS INCcl a	$0	–	-258,455	–	-6.11%	–
NRG	Exit	NRG ENERGY INC	$0	–	-502,330	–	-6.14%	–
CSX	Exit	CSX CORP	$0	–	-733,129	–	-6.53%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-634,500	–	-7.00%	–
O	Exit	REALTY INCOME CORP	$0	–	-409,656	–	-7.96%	–
VER	Exit	VEREIT INC	$0	–	-806,098	–	-10.92%	–

Q3 2021

			Value		Shares		↓ Weighting
VER	Sell	VEREIT INC	$36,460,000	-1.9%	806,098	-0.4%	10.92%	-7.7%
O	Buy	REALTY INCOME CORP	$26,571,000	-0.3%	409,656	+2.6%	7.96%	-6.2%
KHC	Buy	KRAFT HEINZ CO	$23,363,000	+35.1%	634,500	+49.6%	7.00%	+27.2%
CSX	Sell	CSX CORP	$21,803,000	-7.3%	733,129	-0.0%	6.53%	-12.8%
NRG	Sell	NRG ENERGY INC	$20,510,000	+1.2%	502,330	-0.1%	6.14%	-4.8%
TSN	New	TYSON FOODS INCcl a	$20,402,000	–	258,455	–	6.11%	–
JPM	Buy	JPMORGAN CHASE & CO	$16,912,000	+5.4%	103,315	+0.2%	5.07%	-0.7%
USB	Sell	US BANCORP DEL	$15,316,000	+3.9%	257,671	-0.4%	4.59%	-2.2%
T	Sell	AT&T INC	$14,352,000	-8.8%	531,376	-2.8%	4.30%	-14.2%
SVC	Sell	SERVICE PPTYS TR	$13,079,000	-11.5%	1,166,725	-0.5%	3.92%	-16.7%
GBX	Sell	GREENBRIER COS INC	$9,854,000	-2.3%	229,215	-1.0%	2.95%	-8.1%
GATX	Sell	GATX CORP	$9,232,000	-29.6%	103,083	-30.4%	2.77%	-33.7%
	New	GENERAL ELECTRIC CO	$8,280,000	–	80,363	–	2.48%	–
R	Sell	RYDER SYS INC	$8,247,000	+11.1%	99,708	-0.2%	2.47%	+4.6%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$6,521,000	-11.9%	200,456	+0.5%	1.95%	-17.1%
F	Buy	FORD MTR CO DEL	$5,395,000	+41.8%	381,000	+48.8%	1.62%	+33.4%
PG	Sell	PROCTER AND GAMBLE CO	$4,472,000	+3.6%	31,990	-0.0%	1.34%	-2.5%
EVRG	Sell	EVERGY INC	$3,382,000	-7.7%	54,374	-10.3%	1.01%	-13.1%
ADC	Buy	AGREE RLTY CORP	$2,218,000	+686.5%	33,490	+737.2%	0.66%	+637.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,161,000	-6.1%	21,484	-2.6%	0.35%	-11.5%
MSFT	Sell	MICROSOFT CORP	$976,000	+3.2%	3,462	-0.9%	0.29%	-3.0%
JNJ	Sell	JOHNSON & JOHNSON	$896,000	-27.9%	5,545	-26.5%	0.27%	-32.3%
BIV	Buy	VANGUARD BD INDEX FDSintermed term	$664,000	+2.3%	7,431	+2.8%	0.20%	-3.9%
EPR	Sell	EPR PPTYS	$663,000	-14.9%	13,410	-9.5%	0.20%	-19.8%
AMZN	Buy	AMAZON COM INC	$621,000	+102.9%	189	+112.4%	0.19%	+91.8%
DIS	Sell	DISNEY WALT CO	$566,000	-9.0%	3,347	-5.3%	0.17%	-14.1%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$496,000	+10.7%	6,012	+11.2%	0.15%	+4.2%
VTEB	Buy	VANGUARD MUN BD FDStax exempt bd	$324,000	+15.7%	5,915	+16.9%	0.10%	+9.0%
PYPL	New	PAYPAL HLDGS INC	$325,000	–	1,250	–	0.10%	–
MDLZ	Buy	MONDELEZ INTL INCcl a	$288,000	+4.7%	4,945	+12.0%	0.09%	-2.3%
VOO	Buy	VANGUARD INDEX FDS	$281,000	+12.4%	712	+12.1%	0.08%	+5.0%
SYK	Sell	STRYKER CORPORATION	$238,000	+0.8%	903	-0.8%	0.07%	-5.3%
CVX	Buy	CHEVRON CORP NEW	$211,000	+5.0%	2,087	+8.9%	0.06%	-1.6%
NVDA	New	NVIDIA CORPORATION	$207,000	–	1,000	–	0.06%	–
CORR	Sell	CORENERGY INFRASTRUCTURE TR	$156,000	-34.2%	35,319	-1.4%	0.05%	-37.3%
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-3,588	–	-0.06%	–
VFC	Exit	V F CORP	$0	–	-2,900	–	-0.08%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-655,408	–	-2.81%	–

Q2 2021

			Value		Shares		↓ Weighting
VER	New	VEREIT INC	$37,162,000	–	809,098	–	11.83%	–
O	New	REALTY INCOME CORP	$26,660,000	–	399,456	–	8.49%	–
CSX	New	CSX CORP	$23,520,000	–	733,179	–	7.49%	–
NRG	New	NRG ENERGY INC	$20,268,000	–	502,930	–	6.45%	–
KHC	New	KRAFT HEINZ CO	$17,291,000	–	424,000	–	5.50%	–
CAT	New	CATERPILLAR INC	$16,545,000	–	76,025	–	5.27%	–
JPM	New	JPMORGAN CHASE & CO	$16,038,000	–	103,115	–	5.10%	–
T	New	AT&T INC	$15,736,000	–	546,769	–	5.01%	–
SVC	New	SERVICE PPTYS TR	$14,776,000	–	1,172,725	–	4.70%	–
USB	New	US BANCORP DEL	$14,736,000	–	258,671	–	4.69%	–
GATX	New	GATX CORP	$13,110,000	–	148,183	–	4.17%	–
GBX	New	GREENBRIER COS INC	$10,087,000	–	231,465	–	3.21%	–
GE	New	GENERAL ELECTRIC CO	$8,822,000	–	655,408	–	2.81%	–
LXP	New	LEXINGTON REALTY TRUST	$8,568,000	–	717,025	–	2.73%	–
R	New	RYDER SYS INC	$7,423,000	–	99,868	–	2.36%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$7,404,000	–	199,526	–	2.36%	–
NSC	New	NORFOLK SOUTHN CORP	$5,308,000	–	20,000	–	1.69%	–
COP	New	CONOCOPHILLIPS	$4,385,000	–	72,004	–	1.40%	–
PG	New	PROCTER AND GAMBLE CO	$4,318,000	–	32,002	–	1.38%	–
UNP	New	UNION PAC CORP	$4,134,000	–	18,795	–	1.32%	–
F	New	FORD MTR CO DEL	$3,804,000	–	256,000	–	1.21%	–
EVRG	New	EVERGY INC	$3,664,000	–	60,637	–	1.17%	–
BAC	New	BK OF AMERICA CORP	$3,503,000	–	84,943	–	1.12%	–
APLE	New	APPLE HOSPITALITY REIT INC	$2,407,000	–	157,754	–	0.77%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$1,925,000	–	49,583	–	0.61%	–
DUK	New	DUKE ENERGY CORP NEW	$1,875,000	–	19,001	–	0.60%	–
SO	New	SOUTHERN CO	$1,436,000	–	23,730	–	0.46%	–
JNJ	New	JOHNSON & JOHNSON	$1,243,000	–	7,545	–	0.40%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,236,000	–	22,049	–	0.39%	–
XOM	New	EXXON MOBIL CORP	$1,201,000	–	19,049	–	0.38%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,045,000	–	25,867	–	0.33%	–
ALL	New	ALLSTATE CORP	$968,000	–	7,416	–	0.31%	–
MSFT	New	MICROSOFT CORP	$946,000	–	3,495	–	0.30%	–
EPR	New	EPR PPTYS	$779,000	–	14,810	–	0.25%	–
BIV	New	VANGUARD BD INDEX FDSintermed term	$649,000	–	7,227	–	0.21%	–
IP	New	INTERNATIONAL PAPER CO	$647,000	–	10,549	–	0.21%	–
DIS	New	DISNEY WALT CO	$622,000	–	3,535	–	0.20%	–
MS	New	MORGAN STANLEY	$600,000	–	6,540	–	0.19%	–
KSS	New	KOHLS CORP	$551,000	–	10,000	–	0.18%	–
AAPL	New	APPLE INC	$491,000	–	3,588	–	0.16%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$451,000	–	6,750	–	0.14%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$448,000	–	5,408	–	0.14%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$422,000	–	11,250	–	0.13%	–
UTF	New	COHEN & STEERS INFRASTRUCTUR	$363,000	–	12,660	–	0.12%	–
WMT	New	WALMART INC	$353,000	–	2,500	–	0.11%	–
ABBV	New	ABBVIE INC	$335,000	–	2,975	–	0.11%	–
IWR	New	ISHARES TRrus mid cap etf	$320,000	–	4,044	–	0.10%	–
MDT	New	MEDTRONIC PLC	$312,000	–	2,515	–	0.10%	–
AMZN	New	AMAZON COM INC	$306,000	–	89	–	0.10%	–
IWM	New	ISHARES TRrussell 2000 etf	$300,000	–	1,309	–	0.10%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$287,000	–	1,960	–	0.09%	–
ADC	New	AGREE RLTY CORP	$282,000	–	4,000	–	0.09%	–
VTEB	New	VANGUARD MUN BD FDStax exempt bd	$280,000	–	5,059	–	0.09%	–
MDLZ	New	MONDELEZ INTL INCcl a	$275,000	–	4,415	–	0.09%	–
PEP	New	PEPSICO INC	$273,000	–	1,845	–	0.09%	–
TGT	New	TARGET CORP	$272,000	–	1,125	–	0.09%	–
IVV	New	ISHARES TRcore s&p500 etf	$258,000	–	600	–	0.08%	–
HD	New	HOME DEPOT INC	$256,000	–	802	–	0.08%	–
VOO	New	VANGUARD INDEX FDS	$250,000	–	635	–	0.08%	–
DFS	New	DISCOVER FINL SVCS	$244,000	–	2,060	–	0.08%	–
VFC	New	V F CORP	$238,000	–	2,900	–	0.08%	–
CORR	New	CORENERGY INFRASTRUCTURE TR	$237,000	–	35,819	–	0.08%	–
SYK	New	STRYKER CORPORATION	$236,000	–	910	–	0.08%	–
BXP	New	BOSTON PROPERTIES INC	$229,000	–	2,000	–	0.07%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$220,000	–	515	–	0.07%	–
MFC	New	MANULIFE FINL CORP	$210,000	–	10,656	–	0.07%	–
CMCSA	New	COMCAST CORP NEWcl a	$204,000	–	3,588	–	0.06%	–
CVX	New	CHEVRON CORP NEW	$201,000	–	1,917	–	0.06%	–
ABT	New	ABBOTT LABS	$201,000	–	1,735	–	0.06%	–

Q4 2020

			Value		Shares		↓ Weighting
MFC	Exit	MANULIFE FINL CORP	$0	–	-10,656	–	-0.07%	–
EPRT	Exit	ESSENTIAL PPTYS RLTY TR INC	$0	–	-10,000	–	-0.08%	–
IVV	Exit	ISHARES TRcore s&p500 etf	$0	–	-600	–	-0.09%	–
VFC	Exit	V F CORP	$0	–	-2,900	–	-0.09%	–
MRK	Exit	MERCK & CO. INC	$0	–	-2,465	–	-0.09%	–
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-35,819	–	-0.09%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,409	–	-0.09%	–
HD	Exit	HOME DEPOT INC	$0	–	-757	–	-0.09%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-4,044	–	-0.10%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,660	–	-0.10%	–
WAB	Exit	WABTEC	$0	–	-3,983	–	-0.11%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-11,750	–	-0.11%	–
PEP	Exit	PEPSICO INC	$0	–	-1,845	–	-0.11%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,565	–	-0.12%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.14%	–
WMT	Exit	WALMART INC	$0	–	-2,790	–	-0.17%	–
BMY	Exit	BRISTOL-MYERS SQUIBB CO	$0	–	-6,750	–	-0.18%	–
EPR	Exit	EPR PPTYS	$0	–	-14,865	–	-0.18%	–
IP	Exit	INTERNATIONAL PAPER CO	$0	–	-10,549	–	-0.19%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,438	–	-0.19%	–
BIV	Exit	VANGUARD BD INDEX FDSintermed term	$0	–	-5,190	–	-0.22%	–
AAPL	Exit	APPLE INC	$0	–	-4,288	–	-0.22%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-25,867	–	-0.29%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.31%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,867	–	-0.36%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-27,049	–	-0.41%	–
BEPC	Exit	BROOKFIELD RENEWABLE CORPcl a sub vtg	$0	–	-16,250	–	-0.42%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-7,725	–	-0.51%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-49,583	–	-0.54%	–
SO	Exit	SOUTHERN CO	$0	–	-23,110	–	-0.56%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-22,049	–	-0.59%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-157,754	–	-0.68%	–
F	Exit	FORD MTR CO DEL	$0	–	-246,000	–	-0.73%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-19,001	–	-0.75%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-87,025	–	-0.94%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-72,004	–	-1.06%	–
EVRG	Exit	EVERGY INC	$0	–	-66,772	–	-1.52%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-223,692	–	-1.56%	–
UNP	Exit	UNION PAC CORP	$0	–	-18,890	–	-1.66%	–
R	Exit	RYDER SYS INC	$0	–	-100,493	–	-1.90%	–
NSC	Exit	NORFOLK SOUTHN CORP	$0	–	-20,000	–	-1.91%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-32,610	–	-2.02%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-761,008	–	-2.12%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-231,465	–	-3.04%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-732,025	–	-3.41%	–
USB	Exit	US BANCORP DEL	$0	–	-260,130	–	-4.16%	–
GATX	Exit	GATX CORP	$0	–	-148,183	–	-4.22%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-104,413	–	-4.49%	–
SVC	Exit	SERVICE PPTYS TR	$0	–	-1,269,018	–	-4.50%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-339,736	–	-4.54%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-76,195	–	-5.07%	–
NRG	Exit	NRG ENERGY INC	$0	–	-502,930	–	-6.90%	–
T	Exit	AT&T INC	$0	–	-567,599	–	-7.22%	–
O	Exit	REALTY INCOME CORP	$0	–	-305,372	–	-8.28%	–
CSX	Exit	CSX CORP	$0	–	-248,393	–	-8.61%	–
VER	Exit	VEREIT INC	$0	–	-4,084,541	–	-11.85%	–

Q3 2020

			Value		Shares		↓ Weighting
VER	Sell	VEREIT INC	$26,549,000	+0.8%	4,084,541	-0.3%	11.85%	-2.4%
T	Sell	AT&T INC	$16,182,000	-5.8%	567,599	-0.1%	7.22%	-8.8%
CAT	Sell	CATERPILLAR INC DEL	$11,365,000	+17.7%	76,195	-0.2%	5.07%	+13.9%
KHC	Buy	KRAFT HEINZ CO	$10,176,000	-4.5%	339,736	+1.7%	4.54%	-7.6%
SVC	Sell	SERVICE PPTYS TR	$10,089,000	+11.0%	1,269,018	-1.0%	4.50%	+7.5%
USB	Sell	US BANCORP DEL	$9,326,000	-2.6%	260,130	-0.0%	4.16%	-5.8%
PG	Sell	PROCTER AND GAMBLE CO	$4,532,000	+15.8%	32,610	-0.4%	2.02%	+12.0%
UNP	Sell	UNION PAC CORP	$3,719,000	+15.7%	18,890	-0.6%	1.66%	+12.0%
EVRG	Buy	EVERGY INC	$3,393,000	-14.3%	66,772	+0.0%	1.52%	-17.0%
DUK	Sell	DUKE ENERGY CORP NEW	$1,683,000	+10.0%	19,001	-0.8%	0.75%	+6.4%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,312,000	+7.0%	22,049	-0.9%	0.59%	+3.7%
SO	Buy	SOUTHERN CO	$1,253,000	+5.7%	23,110	+1.1%	0.56%	+2.2%
JNJ	Sell	JOHNSON & JOHNSON	$1,151,000	+3.3%	7,725	-2.5%	0.51%	0.0%
BEPC	New	BROOKFIELD RENEWABLE CORPcl a sub vtg	$952,000	–	16,250	–	0.42%	–
MSFT	Sell	MICROSOFT CORP	$813,000	-1.7%	3,867	-4.8%	0.36%	-4.7%
AAPL	Buy	APPLE INC	$497,000	+21.5%	4,288	+282.2%	0.22%	+17.5%
BIV	Buy	VANGUARD BD INDEX FDSintermed term	$485,000	+3.2%	5,190	+3.0%	0.22%	-0.5%
DIS	Sell	DISNEY WALT CO	$427,000	+8.1%	3,438	-2.8%	0.19%	+4.9%
EPR	Sell	EPR PPTYS	$409,000	-19.6%	14,865	-3.3%	0.18%	-22.1%
BMY	Sell	BRISTOL-MYERS SQUIBB CO	$407,000	-4.0%	6,750	-6.2%	0.18%	-7.1%
WMT	Buy	WALMART INC	$390,000	+21.1%	2,790	+3.7%	0.17%	+16.8%
MDT	Sell	MEDTRONIC PLC	$267,000	+8.1%	2,565	-4.8%	0.12%	+4.4%
PEP	Sell	PEPSICO INC	$255,000	-1.9%	1,845	-6.3%	0.11%	-5.0%
ABBV	Buy	ABBVIE INC	$233,000	+5.4%	2,660	+18.2%	0.10%	+2.0%
HD	New	HOME DEPOT INC	$210,000	–	757	–	0.09%	–
MRK	New	MERCK & CO. INC	$205,000	–	2,465	–	0.09%	–
VFC	Sell	V F CORP	$204,000	-8.9%	2,900	-21.0%	0.09%	-11.7%
IVV	New	ISHARES TRcore s&p500 etf	$202,000	–	600	–	0.09%	–
BEP	Exit	BROOKFIELD RENEWABLE PARTNERpartnership unit	$0	–	-10,000	–	-0.22%	–

Q2 2020

			Value		Shares		↓ Weighting
VER	New	VEREIT INC	$26,340,000	–	4,096,441	–	12.15%	–
O	New	REALTY INCOME CORP	$18,170,000	–	305,372	–	8.38%	–
CSX	New	CSX CORP	$17,323,000	–	248,393	–	7.99%	–
T	New	AT&T INC	$17,172,000	–	568,049	–	7.92%	–
NRG	New	NRG ENERGY INC	$16,375,000	–	502,930	–	7.55%	–
KHC	New	KRAFT HEINZ CO	$10,658,000	–	334,206	–	4.92%	–
JPM	New	JPMORGAN CHASE & CO	$9,820,000	–	104,413	–	4.53%	–
CAT	New	CATERPILLAR INC DEL	$9,659,000	–	76,355	–	4.46%	–
USB	New	US BANCORP DEL	$9,579,000	–	260,150	–	4.42%	–
SVC	New	SERVICE PPTYS TR	$9,087,000	–	1,281,668	–	4.19%	–
GATX	New	GATX CORP	$9,036,000	–	148,183	–	4.17%	–
LXP	New	LEXINGTON REALTY TRUST	$7,723,000	–	732,025	–	3.56%	–
GBX	New	GREENBRIER COS INC	$5,266,000	–	231,465	–	2.43%	–
GE	New	GENERAL ELECTRIC CO	$5,198,000	–	761,008	–	2.40%	–
EVRG	New	EVERGY INC	$3,958,000	–	66,752	–	1.82%	–
PG	New	PROCTER AND GAMBLE CO	$3,915,000	–	32,739	–	1.81%	–
R	New	RYDER SYS INC	$3,769,000	–	100,493	–	1.74%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,511,000	–	20,000	–	1.62%	–
UNP	New	UNION PAC CORP	$3,214,000	–	19,010	–	1.48%	–
COP	New	CONOCOPHILLIPS	$3,026,000	–	72,004	–	1.40%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,588,000	–	223,692	–	1.19%	–
BAC	New	BK OF AMERICA CORP	$2,067,000	–	87,025	–	0.95%	–
DUK	New	DUKE ENERGY CORP NEW	$1,530,000	–	19,151	–	0.71%	–
APLE	New	APPLE HOSPITALITY REIT INC	$1,524,000	–	157,754	–	0.70%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$1,510,000	–	49,583	–	0.70%	–
F	New	FORD MTR CO DEL	$1,496,000	–	246,000	–	0.69%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,226,000	–	22,249	–	0.56%	–
XOM	New	EXXON MOBIL CORP	$1,210,000	–	27,049	–	0.56%	–
SO	New	SOUTHERN CO	$1,185,000	–	22,860	–	0.55%	–
JNJ	New	JOHNSON & JOHNSON	$1,114,000	–	7,925	–	0.51%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$846,000	–	25,867	–	0.39%	–
MSFT	New	MICROSOFT CORP	$827,000	–	4,062	–	0.38%	–
ALL	New	ALLSTATE CORP	$720,000	–	7,416	–	0.33%	–
EPR	New	EPR PPTYS	$509,000	–	15,365	–	0.24%	–
BEP	New	BROOKFIELD RENEWABLE PARTNERpartnership unit	$479,000	–	10,000	–	0.22%	–
BIV	New	VANGUARD BD INDEX FDSintermed term	$470,000	–	5,040	–	0.22%	–
BMY	New	BRISTOL-MYERS SQUIBB CO	$424,000	–	7,200	–	0.20%	–
AAPL	New	APPLE INC	$409,000	–	1,122	–	0.19%	–
DIS	New	DISNEY WALT CO	$395,000	–	3,538	–	0.18%	–
IP	New	INTL PAPER CO	$371,000	–	10,549	–	0.17%	–
CORR	New	CORENERGY INFRASTRUCTURE TR	$328,000	–	35,819	–	0.15%	–
WMT	New	WALMART INC	$322,000	–	2,690	–	0.15%	–
MS	New	MORGAN STANLEY	$316,000	–	6,540	–	0.15%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$270,000	–	11,750	–	0.12%	–
PEP	New	PEPSICO INC	$260,000	–	1,970	–	0.12%	–
MDT	New	MEDTRONIC PLC	$247,000	–	2,695	–	0.11%	–
WAB	New	WABTEC	$229,000	–	3,983	–	0.11%	–
VFC	New	V F CORP	$224,000	–	3,670	–	0.10%	–
ABBV	New	ABBVIE INC	$221,000	–	2,250	–	0.10%	–
IWR	New	ISHARES TRrus mid cap etf	$217,000	–	4,044	–	0.10%	–
IWM	New	ISHARES TRrussell 2000 etf	$202,000	–	1,409	–	0.09%	–
EPRT	New	ESSENTIAL PPTYS RLTY TR INC	$148,000	–	10,000	–	0.07%	–
MFC	New	MANULIFE FINL CORP	$145,000	–	10,656	–	0.07%	–

Q4 2019

			Value		Shares		↓ Weighting
INB	Exit	COHEN & STEERS GLOBAL INC BL	$0	–	-12,750	–	-0.04%	–
MRK	Exit	MERCK & CO INC	$0	–	-2,465	–	-0.07%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-11,520	–	-0.07%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,409	–	-0.08%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-4,044	–	-0.08%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,218	–	-0.08%	–
PEP	Exit	PEPSICO INC	$0	–	-1,770	–	-0.08%	–
AAPL	Exit	APPLE INC	$0	–	-1,137	–	-0.09%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.09%	–
SYK	Exit	STRYKER CORP	$0	–	-1,210	–	-0.09%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.10%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,695	–	-0.10%	–
WAB	Exit	WABTEC CORP	$0	–	-4,261	–	-0.11%	–
VFC	Exit	V F CORP	$0	–	-3,670	–	-0.11%	–
WMT	Exit	WALMART INC	$0	–	-2,835	–	-0.12%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-3,062	–	-0.13%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-7,805	–	-0.14%	–
IP	Exit	INTL PAPER CO	$0	–	-10,549	–	-0.15%	–
BIV	Exit	VANGUARD BD INDEX FD INCintermed term	$0	–	-5,040	–	-0.16%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,593	–	-0.16%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-16,750	–	-0.19%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-4,007	–	-0.20%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.28%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,135	–	-0.37%	–
EPR	Exit	EPR PPTYS	$0	–	-15,820	–	-0.42%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-21,064	–	-0.44%	–
SO	Exit	SOUTHERN CO	$0	–	-25,200	–	-0.54%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-26,700	–	-0.55%	–
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-35,819	–	-0.59%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-18,985	–	-0.64%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-130,784	–	-0.76%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-31,146	–	-0.77%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-239,192	–	-0.80%	–
F	Exit	FORD MTR CO DEL	$0	–	-251,000	–	-0.80%	–
BAC	Exit	BANK AMER CORP	$0	–	-87,675	–	-0.90%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-50,000	–	-1.05%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-19,130	–	-1.08%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-20,000	–	-1.26%	–
KHC	Exit	KRAFT HEINZ CO	$0	–	-144,051	–	-1.41%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-33,063	–	-1.44%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-73,954	–	-1.47%	–
EVRG	Exit	EVERGY INC	$0	–	-68,909	–	-1.60%	–
R	Exit	RYDER SYS INC	$0	–	-102,368	–	-1.85%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-767,008	–	-2.40%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-689,925	–	-2.47%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-246,665	–	-2.60%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-76,165	–	-3.36%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-94,733	–	-3.90%	–
GATX	Exit	GATX CORP	$0	–	-148,723	–	-4.03%	–
USB	Exit	US BANCORP DEL	$0	–	-261,050	–	-5.05%	–
CSX	Exit	CSX CORP	$0	–	-258,553	–	-6.26%	–
T	Exit	AT&T INC	$0	–	-513,154	–	-6.79%	–
NRG	Exit	NRG ENERGY INC	$0	–	-537,930	–	-7.45%	–
O	Exit	REALTY INCOME CORP	$0	–	-312,432	–	-8.38%	–
SVC	Exit	SERVICE PPTYS TR	$0	–	-1,280,768	–	-11.55%	–
VER	Exit	VEREIT INC	$0	–	-4,169,701	–	-14.26%	–

Q3 2019

			Value		Shares		↓ Weighting
VER	Sell	VEREIT INC	$40,779,000	-7.4%	4,169,701	-14.7%	14.26%	+2.4%
SVC	New	SERVICE PPTYS TR	$33,032,000	–	1,280,768	–	11.55%	–
O	Sell	REALTY INCOME CORP	$23,958,000	-12.6%	312,432	-21.4%	8.38%	-3.3%
NRG	Sell	NRG ENERGY INC	$21,302,000	+0.6%	537,930	-10.8%	7.45%	+11.3%
T	Sell	AT&T INC	$19,418,000	-5.4%	513,154	-16.2%	6.79%	+4.6%
CSX	Sell	CSX CORP	$17,910,000	-29.5%	258,553	-21.3%	6.26%	-22.1%
USB	Sell	US BANCORP DEL	$14,446,000	-6.6%	261,050	-11.6%	5.05%	+3.3%
GATX	Sell	GATX CORP	$11,531,000	-8.4%	148,723	-6.3%	4.03%	+1.4%
JPM	Sell	JPMORGAN CHASE & CO	$11,150,000	+0.8%	94,733	-4.3%	3.90%	+11.5%
CAT	Sell	CATERPILLAR INC DEL	$9,620,000	-17.1%	76,165	-10.6%	3.36%	-8.3%
GBX	Sell	GREENBRIER COS INC	$7,429,000	-6.0%	246,665	-5.1%	2.60%	+4.0%
LXP	Sell	LEXINGTON REALTY TRUST	$7,072,000	+7.0%	689,925	-1.8%	2.47%	+18.4%
GE	Sell	GENERAL ELECTRIC CO	$6,857,000	-23.5%	767,008	-10.1%	2.40%	-15.4%
R	Sell	RYDER SYS INC	$5,300,000	-11.8%	102,368	-0.7%	1.85%	-2.5%
EVRG	Sell	EVERGY INC	$4,587,000	+1.7%	68,909	-8.1%	1.60%	+12.5%
COP	Sell	CONOCOPHILLIPS	$4,214,000	-34.3%	73,954	-29.7%	1.47%	-27.3%
PG	Sell	PROCTER & GAMBLE CO	$4,112,000	+0.2%	33,063	-11.7%	1.44%	+10.8%
KHC	Buy	KRAFT HEINZ CO	$4,024,000	+147.2%	144,051	+174.6%	1.41%	+173.4%
UNP	Buy	UNION PACIFIC CORP	$3,098,000	-2.0%	19,130	+2.3%	1.08%	+8.4%
RDSB	Sell	ROYAL DUTCH SHELL PLCspon adr b	$2,995,000	-24.1%	50,000	-16.7%	1.05%	-16.0%
BAC	Sell	BANK AMER CORP	$2,558,000	-37.2%	87,675	-37.6%	0.90%	-30.5%
F	Sell	FORD MTR CO DEL	$2,299,000	-36.0%	251,000	-28.5%	0.80%	-29.2%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$2,289,000	-26.4%	239,192	-10.6%	0.80%	-18.5%
APLE	Buy	APPLE HOSPITALITY REIT INC	$2,169,000	+6.3%	130,784	+1.6%	0.76%	+17.7%
DUK	Sell	DUKE ENERGY CORP NEW	$1,820,000	+8.3%	18,985	-0.3%	0.64%	+20.0%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$1,571,000	-23.4%	26,700	-15.2%	0.55%	-15.1%
SO	Buy	SOUTHERN CO	$1,557,000	+16.4%	25,200	+4.1%	0.54%	+28.8%
VZ	Sell	VERIZON COMMUNICATIONS INC	$1,271,000	-37.9%	21,064	-41.2%	0.44%	-31.2%
EPR	Buy	EPR PPTYS	$1,216,000	+6.6%	15,820	+3.4%	0.42%	+17.7%
MSFT	Buy	MICROSOFT CORP	$558,000	+21.8%	4,007	+17.3%	0.20%	+34.5%
DIS	Buy	DISNEY WALT CO	$468,000	+3.5%	3,593	+11.0%	0.16%	+14.7%
IP	Sell	INTL PAPER CO	$441,000	-50.4%	10,549	-48.7%	0.15%	-45.2%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$395,000	+39.1%	7,805	+24.3%	0.14%	+53.3%
CVX	Buy	CHEVRON CORP NEW	$363,000	+7.4%	3,062	+12.7%	0.13%	+18.7%
WMT	Sell	WALMART INC	$336,000	+4.7%	2,835	-2.6%	0.12%	+16.8%
WAB	Sell	WABTEC CORP	$306,000	-8.4%	4,261	-8.4%	0.11%	+0.9%
MDT	Buy	MEDTRONIC PLC	$293,000	+38.9%	2,695	+24.2%	0.10%	+52.2%
SYK	New	STRYKER CORP	$262,000	–	1,210	–	0.09%	–
AAPL	New	APPLE INC	$255,000	–	1,137	–	0.09%	–
PSX	New	PHILLIPS 66	$227,000	–	2,218	–	0.08%	–
INB	New	COHEN & STEERS GLOBAL INC BL	$116,000	–	12,750	–	0.04%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-3,360	–	-0.08%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-11,217	–	-0.18%	–
RMR	Exit	RMR GROUP INCcl a	$0	–	-17,647	–	-0.26%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-1,403,888	–	-11.10%	–

Q2 2019

			Value		Shares		↓ Weighting
VER	New	VEREIT INC	$44,039,000	–	4,887,701	–	13.92%	–
HPT	New	HOSPITALITY PPTYS TR	$35,098,000	–	1,403,888	–	11.10%	–
O	New	REALTY INCOME CORP	$27,420,000	–	397,557	–	8.67%	–
CSX	New	CSX CORP	$25,420,000	–	328,553	–	8.04%	–
NRG	New	NRG ENERGY INC	$21,175,000	–	602,930	–	6.70%	–
T	New	AT&T INC	$20,527,000	–	612,574	–	6.49%	–
USB	New	US BANCORP DEL	$15,473,000	–	295,320	–	4.89%	–
GATX	New	GATX CORP	$12,585,000	–	158,723	–	3.98%	–
CAT	New	CATERPILLAR INC DEL	$11,607,000	–	85,165	–	3.67%	–
JPM	New	JPMORGAN CHASE & CO	$11,062,000	–	98,943	–	3.50%	–
GE	New	GENERAL ELECTRIC CO	$8,959,000	–	853,233	–	2.83%	–
GBX	New	GREENBRIER COS INC	$7,902,000	–	259,915	–	2.50%	–
LXP	New	LEXINGTON REALTY TRUST	$6,610,000	–	702,425	–	2.09%	–
COP	New	CONOCOPHILLIPS	$6,414,000	–	105,154	–	2.03%	–
R	New	RYDER SYS INC	$6,012,000	–	103,115	–	1.90%	–
EVRG	New	EVERGY INC	$4,510,000	–	74,981	–	1.43%	–
PG	New	PROCTER AND GAMBLE CO	$4,105,000	–	37,438	–	1.30%	–
BAC	New	BANK AMER CORP	$4,072,000	–	140,426	–	1.29%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,987,000	–	20,000	–	1.26%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$3,944,000	–	60,000	–	1.25%	–
F	New	FORD MTR CO DEL	$3,591,000	–	351,000	–	1.14%	–
UNP	New	UNION PACIFIC CORP	$3,162,000	–	18,700	–	1.00%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,108,000	–	267,692	–	0.98%	–
XOM	New	EXXON MOBIL CORP	$2,387,000	–	31,146	–	0.76%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$2,050,000	–	31,500	–	0.65%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,046,000	–	35,824	–	0.65%	–
APLE	New	APPLE HOSPITALITY REIT INC	$2,041,000	–	128,684	–	0.64%	–
DUK	New	DUKE ENERGY CORP NEW	$1,680,000	–	19,040	–	0.53%	–
KHC	New	KRAFT HEINZ CO	$1,628,000	–	52,461	–	0.52%	–
CORR	New	CORENERGY INFRASTRUCTURE TR	$1,421,000	–	35,819	–	0.45%	–
SO	New	SOUTHERN CO	$1,338,000	–	24,200	–	0.42%	–
EPR	New	EPR PPTYS	$1,141,000	–	15,300	–	0.36%	–
JNJ	New	JOHNSON & JOHNSON	$1,134,000	–	8,135	–	0.36%	–
IP	New	INTL PAPER CO	$890,000	–	20,549	–	0.28%	–
RMR	New	RMR GROUP INCcl a	$829,000	–	17,647	–	0.26%	–
ALL	New	ALLSTATE CORP	$754,000	–	7,416	–	0.24%	–
LUV	New	SOUTHWEST AIRLS CO	$570,000	–	11,217	–	0.18%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$539,000	–	16,750	–	0.17%	–
MSFT	New	MICROSOFT CORP	$458,000	–	3,417	–	0.14%	–
DIS	New	DISNEY WALT CO	$452,000	–	3,238	–	0.14%	–
BIV	New	VANGUARD BD INDEX FD INCintermed term	$436,000	–	5,040	–	0.14%	–
CVX	New	CHEVRON CORP NEW	$338,000	–	2,717	–	0.11%	–
WAB	New	WABTEC CORP	$334,000	–	4,650	–	0.11%	–
VFC	New	V F CORP	$321,000	–	3,670	–	0.10%	–
WMT	New	WALMART INC	$321,000	–	2,910	–	0.10%	–
MS	New	MORGAN STANLEY	$287,000	–	6,540	–	0.09%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$284,000	–	6,280	–	0.09%	–
BXP	New	BOSTON PROPERTIES INC	$258,000	–	2,000	–	0.08%	–
APC	New	ANADARKO PETE CORP	$237,000	–	3,360	–	0.08%	–
PEP	New	PEPSICO INC	$233,000	–	1,770	–	0.07%	–
IWR	New	ISHARES TRrus mid cap etf	$226,000	–	4,044	–	0.07%	–
IWM	New	ISHARES TRrussell 2000 etf	$219,000	–	1,409	–	0.07%	–
MDT	New	MEDTRONIC PLC	$211,000	–	2,170	–	0.07%	–
MFC	New	MANULIFE FINL CORP	$209,000	–	11,520	–	0.07%	–
MRK	New	MERCK & CO INC	$207,000	–	2,465	–	0.06%	–

Q4 2018

			Value		Shares		↓ Weighting
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-1,209	–	-0.06%	–
PSX	Exit	PHILLIPS 66	$0	–	-1,803	–	-0.06%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-11,520	–	-0.07%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-2,170	–	-0.07%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-3,360	–	-0.07%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.08%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-1,261	–	-0.09%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-3,739	–	-0.09%	–
WMT	Exit	WALMART INC	$0	–	-3,065	–	-0.09%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.10%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,824	–	-0.10%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,717	–	-0.11%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-3,042	–	-0.11%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-5,544	–	-0.11%	–
VFC	Exit	V F CORP	$0	–	-3,800	–	-0.11%	–
BIV	Exit	VANGUARD BD INDEX FD INCintermed term	$0	–	-4,660	–	-0.12%	–
DIS	Exit	DISNEY WALT CO	$0	–	-3,322	–	-0.12%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-6,217	–	-0.12%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,580	–	-0.13%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-16,750	–	-0.20%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.23%	–
IP	Exit	INTL PAPER CO	$0	–	-20,549	–	-0.32%	–
EPR	Exit	EPR PPTYS	$0	–	-15,300	–	-0.34%	–
SO	Exit	SOUTHERN CO	$0	–	-24,200	–	-0.34%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,300	–	-0.37%	–
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-34,385	–	-0.41%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-19,040	–	-0.49%	–
F	Exit	FORD MTR CO DEL	$0	–	-201,000	–	-0.60%	–
RMR	Exit	RMR GROUP INCcl a	$0	–	-20,339	–	-0.60%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-31,500	–	-0.69%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-126,884	–	-0.71%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-31,056	–	-0.84%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-37,438	–	-1.00%	–
UNP	Exit	UNION PAC CORP	$0	–	-19,584	–	-1.02%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-20,000	–	-1.16%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-267,692	–	-1.19%	–
EVRG	Exit	EVERGY INC	$0	–	-74,981	–	-1.32%	–
BAC	Exit	BANK AMER CORP	$0	–	-141,936	–	-1.34%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-60,000	–	-1.36%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-708,300	–	-1.88%	–
R	Exit	RYDER SYS INC	$0	–	-103,275	–	-2.41%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-105,554	–	-2.61%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-897,883	–	-3.24%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-98,943	–	-3.57%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-85,190	–	-4.16%	–
GATX	Exit	GATX CORP	$0	–	-158,723	–	-4.40%	–
USB	Exit	US BANCORP DEL	$0	–	-295,320	–	-4.99%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-264,007	–	-5.08%	–
T	Exit	AT&T INC	$0	–	-547,499	–	-5.88%	–
O	Exit	REALTY INCOME CORP	$0	–	-397,737	–	-7.24%	–
NRG	Exit	NRG ENERGY INC	$0	–	-622,680	–	-7.45%	–
CSX	Exit	CSX CORP	$0	–	-329,953	–	-7.82%	–
VER	Exit	VEREIT INC	$0	–	-4,600,301	–	-10.68%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-1,329,203	–	-12.26%	–

Q3 2018

			Value		Shares		↓ Weighting
HPT	Buy	HOSPITALITY PPTYS TR	$38,334,000	+2.6%	1,329,203	+1.8%	12.26%	-4.2%
VER	Buy	VEREIT INC	$33,398,000	+0.2%	4,600,301	+2.6%	10.68%	-6.5%
O	Sell	REALTY INCOME CORP	$22,627,000	+5.6%	397,737	-0.2%	7.24%	-1.4%
T	Buy	AT&T INC	$18,385,000	+12.2%	547,499	+7.3%	5.88%	+4.7%
CAT	Sell	CATERPILLAR INC DEL	$12,991,000	+12.3%	85,190	-0.1%	4.16%	+4.8%
JPM	Buy	JPMORGAN CHASE & CO	$11,165,000	+8.4%	98,943	+0.1%	3.57%	+1.1%
LXP	Buy	LEXINGTON REALTY TRUST	$5,879,000	-3.8%	708,300	+1.1%	1.88%	-10.3%
FCX	Buy	FREEPORT-MCMORAN INCcl b	$3,726,000	-18.1%	267,692	+1.5%	1.19%	-23.6%
NSC	Sell	NORFOLK SOUTHERN CORP	$3,610,000	+15.0%	20,000	-3.8%	1.16%	+7.4%
XOM	Sell	EXXON MOBIL CORP	$2,640,000	+2.5%	31,056	-0.3%	0.84%	-4.4%
APLE	Buy	APPLE HOSPITALITY REIT INC	$2,219,000	+1.0%	126,884	+3.3%	0.71%	-5.7%
F	New	FORD MTR CO DEL	$1,859,000	–	201,000	–	0.60%	–
JNJ	Sell	JOHNSON & JOHNSON	$1,146,000	+9.8%	8,300	-3.5%	0.37%	+2.5%
EPR	Buy	EPR PPTYS	$1,046,000	+6.7%	15,300	+1.2%	0.34%	-0.3%
DIS	Buy	DISNEY WALT CO	$389,000	+13.7%	3,322	+1.8%	0.12%	+6.0%
BIV	New	VANGUARD BD INDEX FD INCintermed term	$375,000	–	4,660	–	0.12%	–
DWDP	Buy	DOWDUPONT INC	$356,000	+2.3%	5,544	+5.3%	0.11%	-4.2%
MSFT	Buy	MICROSOFT CORP	$348,000	+25.6%	3,042	+8.2%	0.11%	+16.8%
VZ	Buy	VERIZON COMMUNICATIONS INC	$312,000	+9.1%	5,824	+2.5%	0.10%	+2.0%
WMT	Sell	WALMART INC	$288,000	-1.7%	3,065	-10.4%	0.09%	-8.0%
MDT	New	MEDTRONIC PLC	$213,000	–	2,170	–	0.07%	–
IWM	New	ISHARES TRrussell 2000 etf	$204,000	–	1,209	–	0.06%	–
PEP	Exit	PEPSICO INC	$0	–	-1,890	–	-0.07%	–

Q2 2018

			Value		Shares		↓ Weighting
HPT	New	HOSPITALITY PPTYS TR	$37,363,000	–	1,305,923	–	12.80%	–
VER	New	VEREIT INC	$33,346,000	–	4,481,910	–	11.43%	–
O	New	REALTY INCOME CORP	$21,427,000	–	398,337	–	7.34%	–
CSX	New	CSX CORP	$21,045,000	–	329,953	–	7.21%	–
NRG	New	NRG ENERGY INC	$19,116,000	–	622,680	–	6.55%	–
T	New	AT&T INC	$16,380,000	–	510,124	–	5.61%	–
USB	New	US BANCORP DEL	$14,772,000	–	295,320	–	5.06%	–
GBX	New	GREENBRIER COS INC	$13,927,000	–	264,007	–	4.77%	–
GE	New	GENERAL ELECTRIC CO	$12,220,000	–	897,883	–	4.19%	–
GATX	New	GATX CORP	$11,782,000	–	158,723	–	4.04%	–
CAT	New	CATERPILLAR INC DEL	$11,572,000	–	85,300	–	3.97%	–
JPM	New	JPMORGAN CHASE & CO	$10,303,000	–	98,878	–	3.53%	–
R	New	RYDER SYS INC	$7,421,000	–	103,275	–	2.54%	–
COP	New	CONOCOPHILLIPS	$7,348,000	–	105,554	–	2.52%	–
LXP	New	LEXINGTON REALTY TRUST	$6,113,000	–	700,300	–	2.10%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,551,000	–	263,692	–	1.56%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$4,359,000	–	60,000	–	1.49%	–
EVRG	New	EVERGY INC	$4,210,000	–	74,981	–	1.44%	–
BAC	New	BANK AMER CORP	$4,002,000	–	141,936	–	1.37%	–
NSC	New	NORFOLK SOUTHERN CORP	$3,138,000	–	20,800	–	1.08%	–
PG	New	PROCTER AND GAMBLE CO	$2,922,000	–	37,438	–	1.00%	–
UNP	New	UNION PAC CORP	$2,775,000	–	19,584	–	0.95%	–
XOM	New	EXXON MOBIL CORP	$2,576,000	–	31,136	–	0.88%	–
APLE	New	APPLE HOSPITALITY REIT INC	$2,197,000	–	122,884	–	0.75%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$2,181,000	–	31,500	–	0.75%	–
RMR	New	RMR GROUP INCcl a	$1,595,000	–	20,339	–	0.55%	–
DUK	New	DUKE ENERGY CORP NEW	$1,506,000	–	19,040	–	0.52%	–
CORR	New	CORENERGY INFRASTRUCTURE TR	$1,293,000	–	34,385	–	0.44%	–
SO	New	SOUTHERN CO	$1,121,000	–	24,200	–	0.38%	–
IP	New	INTL PAPER CO	$1,070,000	–	20,549	–	0.37%	–
JNJ	New	JOHNSON & JOHNSON	$1,044,000	–	8,600	–	0.36%	–
EPR	New	EPR PPTYS	$980,000	–	15,120	–	0.34%	–
ALL	New	ALLSTATE CORP	$676,000	–	7,416	–	0.23%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$623,000	–	16,750	–	0.21%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$364,000	–	6,580	–	0.12%	–
DWDP	New	DOWDUPONT INC	$348,000	–	5,264	–	0.12%	–
CVX	New	CHEVRON CORP NEW	$344,000	–	2,717	–	0.12%	–
DIS	New	DISNEY WALT CO	$342,000	–	3,262	–	0.12%	–
LUV	New	SOUTHWEST AIRLS CO	$316,000	–	6,217	–	0.11%	–
VFC	New	V F CORP	$310,000	–	3,800	–	0.11%	–
MS	New	MORGAN STANLEY	$310,000	–	6,540	–	0.11%	–
WMT	New	WALMART INC	$293,000	–	3,420	–	0.10%	–
VZ	New	VERIZON COMMUNICATIONS INC	$286,000	–	5,684	–	0.10%	–
MSFT	New	MICROSOFT CORP	$277,000	–	2,812	–	0.10%	–
IWR	New	ISHARES TRrus mid cap etf	$268,000	–	1,261	–	0.09%	–
DFS	New	DISCOVER FINL SVCS	$263,000	–	3,739	–	0.09%	–
BXP	New	BOSTON PROPERTIES INC	$251,000	–	2,000	–	0.09%	–
APC	New	ANADARKO PETE CORP	$246,000	–	3,360	–	0.08%	–
MFC	New	MANULIFE FINL CORP	$207,000	–	11,520	–	0.07%	–
PSX	New	PHILLIPS 66	$203,000	–	1,803	–	0.07%	–
PEP	New	PEPSICO INC	$205,000	–	1,890	–	0.07%	–

Q4 2017

			Value		Shares		↓ Weighting
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-5,780	–	-0.08%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-11,520	–	-0.09%	–
VFC	Exit	V F CORP	$0	–	-3,800	–	-0.09%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-3,739	–	-0.09%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,458	–	-0.09%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.09%	–
IWR	Exit	ISHARES TRrus mid cap etf	$0	–	-1,237	–	-0.09%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,245	–	-0.10%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,324	–	-0.10%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.12%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-6,217	–	-0.13%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-2,957	–	-0.13%	–
DWDP	Exit	DOWDUPONT INC	$0	–	-5,264	–	-0.14%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,640	–	-0.16%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-16,750	–	-0.24%	–
ALL	Exit	ALLSTATE CORP	$0	–	-7,416	–	-0.26%	–
CPN	Exit	CALPINE CORP	$0	–	-67,303	–	-0.38%	–
RMR	Exit	RMR GROUP INCcl a	$0	–	-20,414	–	-0.40%	–
EPR	Exit	EPR PPTYS	$0	–	-15,120	–	-0.40%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,700	–	-0.43%	–
IP	Exit	INTL PAPER CO	$0	–	-20,549	–	-0.44%	–
SO	Exit	SOUTHERN CO	$0	–	-24,200	–	-0.45%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-19,040	–	-0.61%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-31,500	–	-0.72%	–
APLE	Exit	APPLE HOSPITALITY REIT INC	$0	–	-104,884	–	-0.75%	–
BAC	Exit	BANK AMER CORP	$0	–	-79,936	–	-0.77%	–
UNP	Exit	UNION PAC CORP	$0	–	-19,584	–	-0.86%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-31,136	–	-0.97%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-20,800	–	-1.04%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-34,900	–	-1.21%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-263,692	–	-1.41%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-60,000	–	-1.43%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-125,366	–	-1.44%	–
T	Exit	AT&T INC	$0	–	-108,549	–	-1.62%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-107,041	–	-2.04%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-676,000	–	-2.62%	–
R	Exit	RYDER SYS INC	$0	–	-104,865	–	-3.37%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-94,122	–	-3.42%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-85,430	–	-4.05%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-264,007	–	-4.83%	–
USB	Exit	US BANCORP DEL	$0	–	-295,320	–	-6.01%	–
NRG	Exit	NRG ENERGY INC	$0	–	-623,760	–	-6.06%	–
VER	Exit	VEREIT INC	$0	–	-2,041,004	–	-6.43%	–
GATX	Exit	GATX CORP	$0	–	-288,948	–	-6.76%	–
CSX	Exit	CSX CORP	$0	–	-329,953	–	-6.80%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-884,243	–	-8.12%	–
O	Exit	REALTY INCOME CORP	$0	–	-397,041	–	-8.63%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-1,248,153	–	-13.51%	–

Q3 2017

			Value		Shares		↓ Weighting
HPT	Sell	HOSPITALITY PPTYS TR	$35,560,000	-2.9%	1,248,153	-0.7%	13.51%	-5.3%
O	Sell	REALTY INCOME CORP	$22,706,000	+3.0%	397,041	-0.6%	8.63%	+0.5%
GE	Sell	GENERAL ELECTRIC CO	$21,381,000	-10.5%	884,243	-0.0%	8.12%	-12.7%
CSX	Sell	CSX CORP	$17,903,000	-1.4%	329,953	-0.8%	6.80%	-3.8%
GATX	Sell	GATX CORP	$17,787,000	-8.2%	288,948	-4.2%	6.76%	-10.5%
NRG	Sell	NRG ENERGY INC	$15,962,000	+46.3%	623,760	-1.6%	6.06%	+42.7%
USB	Sell	US BANCORP DEL	$15,827,000	+2.5%	295,320	-0.7%	6.01%	-0.0%
GBX	Sell	GREENBRIER COS INC	$12,712,000	+2.2%	264,007	-1.9%	4.83%	-0.4%
CAT	Sell	CATERPILLAR INC DEL	$10,654,000	+12.1%	85,430	-3.4%	4.05%	+9.3%
JPM	Buy	JPMORGAN CHASE & CO	$8,989,000	+4.7%	94,122	+0.2%	3.42%	+2.2%
R	Sell	RYDER SYS INC	$8,866,000	+17.1%	104,865	-0.3%	3.37%	+14.2%
LXP	Buy	LEXINGTON REALTY TRUST	$6,909,000	+3.9%	676,000	+0.7%	2.62%	+1.4%
T	Sell	AT&T INC	$4,252,000	+3.0%	108,549	-0.8%	1.62%	+0.5%
GXP	Sell	GREAT PLAINS ENERGY INC	$3,799,000	+1.4%	125,366	-2.0%	1.44%	-1.0%
PG	Sell	PROCTER AND GAMBLE CO	$3,175,000	+3.8%	34,900	-0.6%	1.21%	+1.2%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$1,908,000	+7.1%	31,500	-6.0%	0.72%	+4.5%
RMR	Sell	RMR GROUP INCcl a	$1,049,000	+4.7%	20,414	-0.9%	0.40%	+2.3%
BMY	Sell	BRISTOL MYERS SQUIBB CO	$423,000	+13.7%	6,640	-0.7%	0.16%	+11.0%
DWDP	New	DOWDUPONT INC	$364,000	–	5,264	–	0.14%	–
VZ	Sell	VERIZON COMMUNICATIONS INC	$263,000	+5.6%	5,324	-4.5%	0.10%	+3.1%
DIS	Buy	DISNEY WALT CO	$242,000	0.0%	2,458	+7.9%	0.09%	-2.1%
CORR	New	CORENERGY INFRASTRUCTURE TR	$204,000	–	5,780	–	0.08%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-3,835	–	-0.12%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-16,454	–	-0.42%	–

Q2 2017

			Value		Shares		↓ Weighting
HPT	New	HOSPITALITY PPTYS TR	$36,623,000	–	1,256,353	–	14.27%	–
GE	New	GENERAL ELECTRIC CO	$23,894,000	–	884,643	–	9.31%	–
O	New	REALTY INCOME CORP	$22,046,000	–	399,541	–	8.59%	–
GATX	New	GATX CORP	$19,385,000	–	301,615	–	7.55%	–
CSX	New	CSX CORP	$18,155,000	–	332,753	–	7.07%	–
VER	New	VEREIT INC	$16,613,000	–	2,041,004	–	6.47%	–
USB	New	US BANCORP DEL	$15,444,000	–	297,470	–	6.02%	–
GBX	New	GREENBRIER COS INC	$12,442,000	–	269,007	–	4.85%	–
NRG	New	NRG ENERGY INC	$10,913,000	–	633,760	–	4.25%	–
CAT	New	CATERPILLAR INC DEL	$9,507,000	–	88,475	–	3.70%	–
JPM	New	JPMORGAN CHASE & CO	$8,585,000	–	93,932	–	3.34%	–
R	New	RYDER SYS INC	$7,573,000	–	105,215	–	2.95%	–
LXP	New	LEXINGTON REALTY TRUST	$6,650,000	–	671,000	–	2.59%	–
COP	New	CONOCOPHILLIPS	$4,705,000	–	107,041	–	1.83%	–
T	New	AT&T INC	$4,127,000	–	109,399	–	1.61%	–
GXP	New	GREAT PLAINS ENERGY INC	$3,746,000	–	127,934	–	1.46%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$3,266,000	–	60,000	–	1.27%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$3,167,000	–	263,692	–	1.23%	–
PG	New	PROCTER AND GAMBLE CO	$3,060,000	–	35,115	–	1.19%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,531,000	–	20,800	–	0.99%	–
XOM	New	EXXON MOBIL CORP	$2,514,000	–	31,136	–	0.98%	–
UNP	New	UNION PAC CORP	$2,133,000	–	19,584	–	0.83%	–
APLE	New	APPLE HOSPITALITY REIT INC	$1,962,000	–	104,884	–	0.76%	–
BAC	New	BANK AMER CORP	$1,939,000	–	79,936	–	0.76%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,782,000	–	33,500	–	0.69%	–
DUK	New	DUKE ENERGY CORP NEW	$1,592,000	–	19,040	–	0.62%	–
IP	New	INTL PAPER CO	$1,163,000	–	20,549	–	0.45%	–
SO	New	SOUTHERN CO	$1,159,000	–	24,200	–	0.45%	–
JNJ	New	JOHNSON & JOHNSON	$1,151,000	–	8,700	–	0.45%	–
EPR	New	EPR PPTYS	$1,087,000	–	15,120	–	0.42%	–
RAI	New	REYNOLDS AMERICAN INC	$1,070,000	–	16,454	–	0.42%	–
RMR	New	RMR GROUP INCcl a	$1,002,000	–	20,601	–	0.39%	–
CPN	New	CALPINE CORP	$911,000	–	67,303	–	0.36%	–
ALL	New	ALLSTATE CORP	$656,000	–	7,416	–	0.26%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$604,000	–	16,750	–	0.24%	–
LUV	New	SOUTHWEST AIRLS CO	$386,000	–	6,217	–	0.15%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$372,000	–	6,690	–	0.14%	–
DD	New	DU PONT E I DE NEMOURS & CO	$310,000	–	3,835	–	0.12%	–
CVX	New	CHEVRON CORP NEW	$309,000	–	2,957	–	0.12%	–
MS	New	MORGAN STANLEY	$291,000	–	6,540	–	0.11%	–
VZ	New	VERIZON COMMUNICATIONS INC	$249,000	–	5,574	–	0.10%	–
WMT	New	WAL-MART STORES INC	$246,000	–	3,245	–	0.10%	–
BXP	New	BOSTON PROPERTIES INC	$246,000	–	2,000	–	0.10%	–
DIS	New	DISNEY WALT CO	$242,000	–	2,278	–	0.09%	–
IWR	New	ISHARES TRrus mid cap etf	$237,000	–	1,237	–	0.09%	–
DFS	New	DISCOVER FINL SVCS	$232,000	–	3,739	–	0.09%	–
VFC	New	V F CORP	$219,000	–	3,800	–	0.08%	–
MFC	New	MANULIFE FINL CORP	$216,000	–	11,520	–	0.08%	–

Q4 2016

			Value		Shares		↓ Weighting
MFC	Exit	MANULIFE FINL CORP	$0	–	-11,520	–	-0.07%	–
PSX	Exit	PHILLIPS 66	$0	–	-2,515	–	-0.09%	–
MS	Exit	MORGAN STANLEY	$0	–	-6,540	–	-0.09%	–
DFS	Exit	DISCOVER FINL SVCS	$0	–	-3,739	–	-0.09%	–
VFC	Exit	V F CORP	$0	–	-3,800	–	-0.10%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-3,360	–	-0.10%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-6,217	–	-0.11%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,644	–	-0.11%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-3,835	–	-0.11%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,658	–	-0.12%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.12%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,437	–	-0.12%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-6,555	–	-0.16%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-17,900	–	-0.22%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,055	–	-0.23%	–
ALL	Exit	ALLSTATE CORP	$0	–	-8,565	–	-0.26%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-16,854	–	-0.35%	–
RMR	Exit	RMR GROUP INCcl a	$0	–	-20,974	–	-0.35%	–
CPN	Exit	CALPINE CORP	$0	–	-67,303	–	-0.38%	–
IP	Exit	INTL PAPER CO	$0	–	-20,630	–	-0.44%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,715	–	-0.51%	–
EPR	Exit	EPR PPTYS	$0	–	-15,120	–	-0.53%	–
SO	Exit	SOUTHERN CO	$0	–	-24,200	–	-0.55%	–
BAC	Exit	BANK AMER CORP	$0	–	-81,486	–	-0.57%	–
T	Exit	AT&T INC	$0	–	-32,609	–	-0.59%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-19,040	–	-0.68%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-33,550	–	-0.75%	–
UNP	Exit	UNION PAC CORP	$0	–	-22,932	–	-0.99%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,900	–	-1.07%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-263,692	–	-1.27%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-33,043	–	-1.28%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-60,000	–	-1.41%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-35,809	–	-1.43%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-128,487	–	-1.56%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-107,715	–	-2.08%	–
EDE	Exit	EMPIRE DIST ELEC CO	$0	–	-183,867	–	-2.79%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-212,692	–	-2.80%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-95,065	–	-2.81%	–
LXP	Exit	LEXINGTON REALTY TRUST	$0	–	-663,600	–	-3.04%	–
R	Exit	RYDER SYS INC	$0	–	-105,465	–	-3.09%	–
NRG	Exit	NRG ENERGY INC	$0	–	-638,260	–	-3.18%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-88,341	–	-3.48%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-273,274	–	-4.28%	–
VER	Exit	VEREIT INC	$0	–	-1,154,749	–	-5.32%	–
USB	Exit	US BANCORP DEL	$0	–	-300,029	–	-5.72%	–
GATX	Exit	GATX CORP	$0	–	-301,615	–	-5.97%	–
CSX	Exit	CSX CORP	$0	–	-741,753	–	-10.05%	–
O	Exit	REALTY INCOME CORP	$0	–	-398,289	–	-11.84%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-1,269,327	–	-16.76%	–

Q3 2016

			Value		Shares		↓ Weighting
HPT	Buy	HOSPITALITY PPTYS TR	$37,724,000	+3.5%	1,269,327	+0.3%	16.76%	+0.8%
O	Buy	REALTY INCOME CORP	$26,657,000	-3.2%	398,289	+0.3%	11.84%	-5.7%
CSX	Buy	CSX CORP	$22,623,000	+17.0%	741,753	+0.1%	10.05%	+14.0%
USB	Buy	US BANCORP DEL	$12,869,000	+8.5%	300,029	+2.0%	5.72%	+5.7%
GBX	Sell	GREENBRIER COS INC	$9,647,000	+21.2%	273,274	-0.0%	4.28%	+18.1%
CAT	Sell	CATERPILLAR INC DEL	$7,842,000	+13.4%	88,341	-3.2%	3.48%	+10.5%
R	Buy	RYDER SYS INC	$6,955,000	+8.2%	105,465	+0.2%	3.09%	+5.4%
JPM	Sell	JPMORGAN CHASE & CO	$6,330,000	+6.0%	95,065	-1.1%	2.81%	+3.2%
GE	Buy	GENERAL ELECTRIC CO	$6,300,000	-5.6%	212,692	+0.2%	2.80%	-8.1%
EDE	Sell	EMPIRE DIST ELEC CO	$6,277,000	+0.2%	183,867	-0.1%	2.79%	-2.4%
COP	Sell	CONOCOPHILLIPS	$4,683,000	-0.4%	107,715	-0.1%	2.08%	-2.9%
GXP	Sell	GREAT PLAINS ENERGY INC	$3,506,000	-10.0%	128,487	-0.0%	1.56%	-12.3%
PG	Buy	PROCTER AND GAMBLE CO	$3,214,000	+6.8%	35,809	+0.6%	1.43%	+4.0%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$2,864,000	-2.4%	263,692	-0.1%	1.27%	-4.9%
DUK	Buy	DUKE ENERGY CORP NEW	$1,524,000	-6.0%	19,040	+0.7%	0.68%	-8.4%
T	Sell	AT&T INC	$1,325,000	-13.1%	32,609	-7.6%	0.59%	-15.4%
BAC	Buy	BANK AMER CORP	$1,275,000	+17.8%	81,486	+0.0%	0.57%	+14.8%
JNJ	Buy	JOHNSON & JOHNSON	$1,147,000	-0.3%	9,715	+2.5%	0.51%	-2.9%
IP	Buy	INTL PAPER CO	$990,000	+13.8%	20,630	+0.5%	0.44%	+10.8%
RMR	Sell	RMR GROUP INCcl a	$796,000	+24.2%	20,974	-0.1%	0.35%	+21.2%
CVX	Buy	CHEVRON CORP NEW	$521,000	-0.4%	5,055	+1.6%	0.23%	-2.9%
BMY	Buy	BRISTOL MYERS SQUIBB CO	$353,000	-25.7%	6,555	+1.8%	0.16%	-27.6%
VZ	Buy	VERIZON COMMUNICATIONS INC	$282,000	-3.1%	5,437	+5.1%	0.12%	-6.0%
DD	Sell	DU PONT E I DE NEMOURS & CO	$257,000	-1.5%	3,835	-5.0%	0.11%	-4.2%
DIS	Buy	DISNEY WALT CO	$246,000	-1.2%	2,644	+3.9%	0.11%	-4.4%
LUV	Buy	SOUTHWEST AIRLS CO	$242,000	+3.4%	6,217	+4.2%	0.11%	0.0%
APC	New	ANADARKO PETE CORP	$213,000	–	3,360	–	0.10%	–
VFC	Buy	V F CORP	$213,000	-3.6%	3,800	+5.6%	0.10%	-5.9%
MS	New	MORGAN STANLEY	$210,000	–	6,540	–	0.09%	–
MFC	Buy	MANULIFE FINL CORP	$163,000	+3.8%	11,520	+0.0%	0.07%	0.0%

Q2 2016

			Value		Shares		↓ Weighting
HPT	New	HOSPITALITY PPTYS TR	$36,451,000	–	1,265,916	–	16.62%	–
O	New	REALTY INCOME CORP	$27,543,000	–	397,079	–	12.56%	–
CSX	New	CSX CORP	$19,328,000	–	741,373	–	8.81%	–
GATX	New	GATX CORP	$13,267,000	–	301,615	–	6.05%	–
USB	New	US BANCORP DEL	$11,856,000	–	294,282	–	5.41%	–
VER	New	VEREIT INC	$11,709,000	–	1,154,749	–	5.34%	–
NRG	New	NRG ENERGY INC	$9,567,000	–	638,260	–	4.36%	–
GBX	New	GREENBRIER COS INC	$7,958,000	–	273,277	–	3.63%	–
CAT	New	CATERPILLAR INC DEL	$6,913,000	–	91,225	–	3.15%	–
LXP	New	LEXINGTON REALTY TRUST	$6,712,000	–	663,600	–	3.06%	–
GE	New	GENERAL ELECTRIC CO	$6,674,000	–	212,292	–	3.04%	–
R	New	RYDER SYS INC	$6,428,000	–	105,306	–	2.93%	–
EDE	New	EMPIRE DIST ELEC CO	$6,264,000	–	184,081	–	2.86%	–
JPM	New	JPMORGAN CHASE & CO	$5,972,000	–	96,149	–	2.72%	–
COP	New	CONOCOPHILLIPS	$4,700,000	–	107,815	–	2.14%	–
GXP	New	GREAT PLAINS ENERGY INC	$3,896,000	–	128,488	–	1.78%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$3,359,000	–	60,000	–	1.53%	–
XOM	New	EXXON MOBIL CORP	$3,096,000	–	33,043	–	1.41%	–
PG	New	PROCTER & GAMBLE CO	$3,009,000	–	35,604	–	1.37%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,934,000	–	263,942	–	1.34%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,120,000	–	24,900	–	0.97%	–
UNP	New	UNION PAC CORP	$2,002,000	–	22,932	–	0.91%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$1,853,000	–	33,550	–	0.84%	–
DUK	New	DUKE ENERGY CORP NEW	$1,621,000	–	18,916	–	0.74%	–
T	New	AT&T INC	$1,525,000	–	35,309	–	0.70%	–
SO	New	SOUTHERN CO	$1,300,000	–	24,200	–	0.59%	–
EPR	New	EPR PPTYS	$1,224,000	–	15,120	–	0.56%	–
JNJ	New	JOHNSON & JOHNSON	$1,150,000	–	9,475	–	0.52%	–
BAC	New	BANK AMER CORP	$1,082,000	–	81,485	–	0.49%	–
CPN	New	CALPINE CORP	$996,000	–	67,303	–	0.45%	–
RAI	New	REYNOLDS AMERICAN INC	$910,000	–	16,854	–	0.42%	–
IP	New	INTL PAPER CO	$870,000	–	20,530	–	0.40%	–
RMR	New	RMR GROUP INCcl a	$641,000	–	21,000	–	0.29%	–
ALL	New	ALLSTATE CORP	$598,000	–	8,565	–	0.27%	–
CVX	New	CHEVRON CORP NEW	$523,000	–	4,975	–	0.24%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$475,000	–	6,440	–	0.22%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$462,000	–	17,900	–	0.21%	–
VZ	New	VERIZON COMMUNICATIONS INC	$291,000	–	5,172	–	0.13%	–
WMT	New	WAL-MART STORES INC	$265,000	–	3,658	–	0.12%	–
BXP	New	BOSTON PROPERTIES INC	$264,000	–	2,000	–	0.12%	–
DD	New	DU PONT E I DE NEMOURS & CO	$261,000	–	4,035	–	0.12%	–
DIS	New	DISNEY WALT CO	$249,000	–	2,544	–	0.11%	–
LUV	New	SOUTHWEST AIRLS CO	$234,000	–	5,967	–	0.11%	–
VFC	New	V F CORP	$221,000	–	3,600	–	0.10%	–
DFS	New	DISCOVER FINL SVCS	$201,000	–	3,739	–	0.09%	–
PSX	New	PHILLIPS 66	$200,000	–	2,515	–	0.09%	–
MFC	New	MANULIFE FINL CORP	$157,000	–	11,519	–	0.07%	–

Q4 2015

			Value		Shares		↓ Weighting
CORR	Exit	CORENERGY INFRASTRUCTURE TR	$0	–	-28,900	–	-0.07%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-11,519	–	-0.10%	–
APC	Exit	ANADARKO PETE CORP	$0	–	-3,360	–	-0.11%	–
KEY	Exit	KEYCORP NEW	$0	–	-16,000	–	-0.11%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-5,172	–	-0.12%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-5,967	–	-0.12%	–
BXP	Exit	BOSTON PROPERTIES INC	$0	–	-2,000	–	-0.13%	–
VFC	Exit	V F CORP	$0	–	-3,600	–	-0.14%	–
DIS	Exit	DISNEY WALT CO	$0	–	-2,464	–	-0.14%	–
WMT	Exit	WAL-MART STORES INC	$0	–	-3,863	–	-0.14%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-5,140	–	-0.22%	–
BTO	Exit	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$0	–	-17,900	–	-0.25%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-8,020	–	-0.26%	–
ALL	Exit	ALLSTATE CORP	$0	–	-8,565	–	-0.28%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-10,555	–	-0.28%	–
RAI	Exit	REYNOLDS AMERICAN INC	$0	–	-16,854	–	-0.41%	–
EPR	Exit	EPR PPTYS	$0	–	-15,120	–	-0.43%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-9,475	–	-0.49%	–
CPN	Exit	CALPINE CORP	$0	–	-67,303	–	-0.54%	–
SO	Exit	SOUTHERN CO	$0	–	-24,200	–	-0.60%	–
T	Exit	AT&T INC	$0	–	-36,909	–	-0.66%	–
DUK	Exit	DUKE ENERGY CORP NEW	$0	–	-18,916	–	-0.75%	–
BAC	Exit	BANK AMER CORP	$0	–	-98,675	–	-0.85%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-37,550	–	-0.98%	–
NSC	Exit	NORFOLK SOUTHERN CORP	$0	–	-24,900	–	-1.05%	–
UNP	Exit	UNION PAC CORP	$0	–	-22,932	–	-1.12%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-32,923	–	-1.35%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-263,942	–	-1.41%	–
PG	Exit	PROCTER & GAMBLE CO	$0	–	-35,954	–	-1.42%	–
RDSB	Exit	ROYAL DUTCH SHELL PLCspon adr b	$0	–	-60,000	–	-1.57%	–
GXP	Exit	GREAT PLAINS ENERGY INC	$0	–	-135,283	–	-2.01%	–
EDE	Exit	EMPIRE DIST ELEC CO	$0	–	-185,081	–	-2.24%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-212,452	–	-2.95%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-96,149	–	-3.22%	–
CAT	Exit	CATERPILLAR INC DEL	$0	–	-93,899	–	-3.37%	–
VER	Exit	VEREIT INC	$0	–	-999,447	–	-4.24%	–
R	Exit	RYDER SYS INC	$0	–	-105,306	–	-4.29%	–
GBX	Exit	GREENBRIER COS INC	$0	–	-275,540	–	-4.86%	–
NRG	Exit	NRG ENERGY INC	$0	–	-638,260	–	-5.22%	–
USB	Exit	US BANCORP DEL	$0	–	-294,347	–	-6.64%	–
GATX	Exit	GATX CORP	$0	–	-301,615	–	-7.32%	–
O	Exit	REALTY INCOME CORP	$0	–	-346,869	–	-9.05%	–
CSX	Exit	CSX CORP	$0	–	-722,973	–	-10.70%	–
HPT	Exit	HOSPITALITY PPTYS TR	$0	–	-1,265,211	–	-17.81%	–

Q3 2015

			Value		Shares		↓ Weighting
HPT	Sell	HOSPITALITY PPTYS TR	$32,379,000	-11.2%	1,265,211	-0.1%	17.81%	-6.4%
CSX	Buy	CSX CORP	$19,451,000	+13.9%	722,973	+38.2%	10.70%	+20.1%
O	Sell	REALTY INCOME CORP	$16,444,000	+6.8%	346,869	-0.0%	9.05%	+12.6%
NRG	Buy	NRG ENERGY INC	$9,485,000	-7.5%	638,260	+42.4%	5.22%	-2.5%
GBX	Sell	GREENBRIER COS INC	$8,841,000	-31.6%	275,540	-0.1%	4.86%	-27.9%
VER	New	VEREIT INC	$7,716,000	–	999,447	–	4.24%	–
CAT	Sell	CATERPILLAR INC DEL	$6,131,000	-23.2%	93,899	-0.2%	3.37%	-19.0%
JPM	Buy	JPMORGAN CHASE & CO	$5,857,000	-10.1%	96,149	+0.1%	3.22%	-5.1%
GE	Sell	GENERAL ELECTRIC CO	$5,355,000	-5.4%	212,452	-0.1%	2.95%	-0.2%
GXP	Sell	GREAT PLAINS ENERGY INC	$3,659,000	+11.5%	135,283	-0.6%	2.01%	+17.6%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$2,558,000	-48.1%	263,942	-0.1%	1.41%	-45.2%
BAC	Sell	BANK AMER CORP	$1,537,000	-13.1%	98,675	-4.8%	0.85%	-8.2%
T	Buy	AT&T INC	$1,200,000	+6.0%	36,909	+16.0%	0.66%	+11.9%
JNJ	Sell	JOHNSON & JOHNSON	$883,000	-10.2%	9,475	-5.9%	0.49%	-5.3%
RAI	Buy	REYNOLDS AMERICAN INC	$746,000	+18.6%	16,854	+100.0%	0.41%	+25.0%
COP	Buy	CONOCOPHILLIPS	$508,000	+0.8%	10,555	+28.6%	0.28%	+6.1%
BTO	Buy	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$451,000	-1.5%	17,900	+5.9%	0.25%	+3.8%
CVX	Sell	CHEVRON CORP NEW	$405,000	-20.6%	5,140	-2.8%	0.22%	-16.2%
DIS	Buy	DISNEY WALT CO	$251,000	-10.7%	2,464	+0.1%	0.14%	-6.1%
WMT	Sell	WAL-MART STORES INC	$250,000	-9.4%	3,863	-1.0%	0.14%	-4.2%
LUV	New	SOUTHWEST AIRLS CO	$227,000	–	5,967	–	0.12%	–
VZ	Buy	VERIZON COMMUNICATIONS INC	$227,000	-1.3%	5,172	+4.0%	0.12%	+4.2%
CORR	New	CORENERGY INFRASTRUCTURE TR	$128,000	–	28,900	–	0.07%	–
KMI	Exit	KINDER MORGAN INC DEL	$0	–	-5,691	–	-0.11%	–

Q2 2015

			Value		Shares		↓ Weighting
HPT	New	HOSPITALITY PPTYS TR	$36,480,000	–	1,266,311	–	19.02%	–
CSX	New	CSX CORP	$17,081,000	–	522,973	–	8.91%	–
GATX	New	GATX CORP	$16,040,000	–	301,615	–	8.36%	–
O	New	REALTY INCOME CORP	$15,400,000	–	346,919	–	8.03%	–
GBX	New	GREENBRIER COS INC	$12,934,000	–	275,920	–	6.74%	–
USB	New	US BANCORP DEL	$12,767,000	–	294,347	–	6.66%	–
NRG	New	NRG ENERGY INC	$10,259,000	–	448,260	–	5.35%	–
R	New	RYDER SYS INC	$9,204,000	–	105,306	–	4.80%	–
CAT	New	CATERPILLAR INC DEL	$7,980,000	–	94,089	–	4.16%	–
JPM	New	JPMORGAN CHASE & CO	$6,512,000	–	96,049	–	3.40%	–
GE	New	GENERAL ELECTRIC CO	$5,659,000	–	212,602	–	2.95%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$4,924,000	–	264,292	–	2.57%	–
EDE	New	EMPIRE DIST ELEC CO	$4,044,000	–	185,081	–	2.11%	–
RDSB	New	ROYAL DUTCH SHELL PLCspon adr b	$3,442,000	–	60,000	–	1.80%	–
GXP	New	GREAT PLAINS ENERGY INC	$3,283,000	–	136,137	–	1.71%	–
PG	New	PROCTER & GAMBLE CO	$2,814,000	–	35,954	–	1.47%	–
XOM	New	EXXON MOBIL CORP	$2,736,000	–	32,923	–	1.43%	–
UNP	New	UNION PAC CORP	$2,188,000	–	22,932	–	1.14%	–
NSC	New	NORFOLK SOUTHERN CORP	$2,175,000	–	24,900	–	1.13%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$2,145,000	–	37,550	–	1.12%	–
BAC	New	BANK AMER CORP	$1,768,000	–	103,675	–	0.92%	–
DUK	New	DUKE ENERGY CORP NEW	$1,341,000	–	18,916	–	0.70%	–
CPN	New	CALPINE CORP	$1,212,000	–	67,303	–	0.63%	–
T	New	AT&T INC	$1,132,000	–	31,812	–	0.59%	–
SO	New	SOUTHERN CO	$1,015,000	–	24,200	–	0.53%	–
JNJ	New	JOHNSON & JOHNSON	$983,000	–	10,074	–	0.51%	–
EPR	New	EPR PPTYS	$833,000	–	15,120	–	0.43%	–
RAI	New	REYNOLDS AMERICAN INC	$629,000	–	8,427	–	0.33%	–
ALL	New	ALLSTATE CORP	$557,000	–	8,565	–	0.29%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$533,000	–	8,020	–	0.28%	–
CVX	New	CHEVRON CORP NEW	$510,000	–	5,290	–	0.27%	–
COP	New	CONOCOPHILLIPS	$504,000	–	8,210	–	0.26%	–
BTO	New	HANCOCK JOHN FINL OPPTYS FDsh ben int new	$458,000	–	16,900	–	0.24%	–
DIS	New	DISNEY WALT CO	$281,000	–	2,461	–	0.15%	–
WMT	New	WAL-MART STORES INC	$276,000	–	3,903	–	0.14%	–
APC	New	ANADARKO PETE CORP	$263,000	–	3,360	–	0.14%	–
VFC	New	V F CORP	$251,000	–	3,600	–	0.13%	–
BXP	New	BOSTON PROPERTIES INC	$242,000	–	2,000	–	0.13%	–
KEY	New	KEYCORP NEW	$240,000	–	16,000	–	0.12%	–
VZ	New	VERIZON COMMUNICATIONS INC	$230,000	–	4,972	–	0.12%	–
KMI	New	KINDER MORGAN INC DEL	$218,000	–	5,691	–	0.11%	–
MFC	New	MANULIFE FINL CORP	$214,000	–	11,519	–	0.11%	–

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Export Community Bank of Raymore's holdings