PVG Asset Management Activity Q4 2014-Q4 2016

Q4 2016

			Value		Shares		↓ Weighting
SH	New	ProShares Short S&P500 (sh)etf	$35,880,635,000	–	981,955	–	15.10%	–
SDS	New	ProShares UltraShort S&P 500 (sds)etf	$32,187,745,000	–	2,130,228	–	13.54%	–
SPY	New	SPDR S&P 500 TRUST ETF (spy)etf	$8,638,540,000	–	38,646	–	3.63%	–
IVV	New	S&P 500 INDX (ivv)etf	$8,412,376,000	–	37,390	–	3.54%	–
VOO	New	Vanguard Index S&P 500 (voo)etf	$8,374,389,000	–	40,789	–	3.52%	–
PCEF	New	PowerShares CEF Income ETF (pcef)etf	$7,348,406,000	–	327,907	–	3.09%	–
GSK	New	GLAXOSMITHKLINE PLC-ADR (gsk)	$7,184,156,000	–	186,553	–	3.02%	–
AZN	New	ASTRAZENECA PLC SPON ADR (azn)adr	$5,910,272,000	–	216,335	–	2.49%	–
FTR	New	FRONTIER COMMUNICATIONS CORP (ftr)	$5,599,815,000	–	1,656,750	–	2.36%	–
MCC	New	MEDLEY CAPITAL CORP (mcc)	$5,113,813,000	–	680,933	–	2.15%	–
CY	New	Cypress Semiconductor (cy)	$4,002,958,000	–	349,908	–	1.68%	–
IRT	New	Independence Realty Trust, Inc. (irt)	$3,962,660,000	–	444,244	–	1.67%	–
ARCC	New	ARES CAPITAL CORP (arcc)	$3,955,456,000	–	239,870	–	1.66%	–
TWO	New	TWO HARBORS INVT CORP (two)	$3,538,229,000	–	405,760	–	1.49%	–
IVR	New	Invesco Mortgage Capital (ivr)	$3,488,334,000	–	238,927	–	1.47%	–
LUMN	New	CENTURYLINK INC (ctl)	$3,423,368,000	–	143,960	–	1.44%	–
PBI	New	PITNEY BOWES INC (pbi)	$3,264,437,000	–	214,907	–	1.37%	–
PSEC	New	Prospect Capital Corp. (psec)	$2,821,532,000	–	337,908	–	1.19%	–
CBLAQ	New	CBL & ASSOC PROPERTIES REIT INC (cbl)	$2,780,539,000	–	241,786	–	1.17%	–
SPLS	New	Staples Inc. (spls)	$2,723,072,000	–	300,892	–	1.15%	–
T	New	AT&T, Inc.(t)	$2,671,989,000	–	62,826	–	1.12%	–
CSAL	New	Communications Sales & Leasing Inc. (csal)	$2,658,495,000	–	104,624	–	1.12%	–
DIS	New	The Walt Disney Company (dis)	$2,651,669,000	–	25,443	–	1.12%	–
LXP	New	LEXINGTON REALTY TRUST REIT (lxp)	$2,642,814,000	–	244,705	–	1.11%	–
CVS	New	CVS Health Corp (cvs)	$2,632,832,000	–	33,365	–	1.11%	–
AMJ	New	JP Morgan Chase & Co Alerian MLP (amj)	$2,575,203,000	–	81,468	–	1.08%	–
TGT	New	TARGET CORP (tgt)	$2,561,131,000	–	35,458	–	1.08%	–
M	New	MACY'S INC (m)	$2,457,425,000	–	68,624	–	1.03%	–
DG	New	DOLLAR GENERAL CORP (dg)	$2,431,644,000	–	32,829	–	1.02%	–
SLRC	New	Solar Capital Ltd. (slrc)	$2,335,989,000	–	112,199	–	0.98%	–
SIR	New	SELECT INCOME REIT (sir)	$2,263,615,000	–	89,826	–	0.95%	–
SNR	New	New Senior Investment Group Inc. (snr)	$2,245,884,000	–	229,406	–	0.94%	–
SNH	New	Sr. Housing Properties Trust (snh)	$2,238,159,000	–	118,233	–	0.94%	–
GES	New	Guess INC (ges)	$2,201,316,000	–	181,927	–	0.93%	–
CYS	New	CYS INVESTMENTS INC (cys)	$2,157,180,000	–	279,066	–	0.91%	–
TEF	New	Telefonica, S.A. (tef)adr	$2,128,918,000	–	231,404	–	0.90%	–
AAIC	New	Arlington Asset Investment (ai)	$2,124,254,000	–	143,337	–	0.89%	–
FSC	New	FIFTH STREET FINANCE CORP (fsc)	$1,918,351,000	–	357,235	–	0.81%	–
	New	Global Medical REIT, Inc. (gmre)	$1,854,414,000	–	207,894	–	0.78%	–
BKCC	New	BlackRock Kelso Capital Corp. (bkcc)	$1,778,666,000	–	255,555	–	0.75%	–
MRK	New	Merck & Company Inc. (mrk)	$1,773,470,000	–	30,125	–	0.75%	–
PFE	New	Pfizer Inc. (pfe)	$1,757,395,000	–	54,107	–	0.74%	–
OLN	New	Olin Corp. (oln)	$1,735,922,000	–	67,783	–	0.73%	–
C	New	CITIGROUP INC COM (c)	$1,695,629,000	–	28,531	–	0.71%	–
KSS	New	KOHLS CORP (kss)	$1,648,403,000	–	33,382	–	0.69%	–
BP	New	BP PLC SPONS ADR (bp)adr	$1,615,414,000	–	43,216	–	0.68%	–
WSR	New	Whitestone REIT (wsr)	$1,590,356,000	–	110,595	–	0.67%	–
TPVG	New	Triplepoint Venture Growth Corp (tpvg)	$1,539,999,000	–	130,730	–	0.65%	–
IVW	New	ISHARES S&P 500 ETF GROWTH (ivw)etf	$1,443,211,000	–	11,850	–	0.61%	–
GE	New	General Electric Company (ge)	$1,435,329,000	–	45,421	–	0.60%	–
MSFT	New	Microsoft Corp. (msft)	$1,338,992,000	–	21,548	–	0.56%	–
SUNS	New	Solar Senior Capital Ltd. (suns)	$1,297,938,000	–	78,950	–	0.55%	–
TSLX	New	TPG Specialty Lending Inc. (tslx)	$1,277,936,000	–	68,412	–	0.54%	–
TCRD	New	THL CREDIT INC (tcrd)	$1,233,382,000	–	123,215	–	0.52%	–
CAT	New	Caterpillar Inc. (cat)	$1,227,321,000	–	13,234	–	0.52%	–
RCL	New	Royal Caribbean Cruises Ltd. (rcl)	$1,210,992,000	–	14,761	–	0.51%	–
BAC	New	BANK OF AMERICA CORP (bac)	$1,089,994,000	–	49,321	–	0.46%	–
WFC	New	WELLS FARGO COMPANY (wfc)	$1,063,678,000	–	19,301	–	0.45%	–
IYH	New	Ishares DJ Us Healthcare (iyh)etf	$995,217,000	–	6,905	–	0.42%	–
ROBO	New	Robo Global Robotics&Automation (robo)	$995,014,000	–	34,730	–	0.42%	–
WIN	New	WindStream Corp (win)etf	$949,971,000	–	129,600	–	0.40%	–
STT	New	STATE STREET CORP (stt)	$917,096,000	–	11,800	–	0.39%	–
XLRE	New	Select Sector SPDR Tr Real Estate (xlre)etf	$711,401,000	–	23,135	–	0.30%	–
IBB	New	ISHARES NASDAQ BIOTECH (ibb)etf	$613,027,000	–	2,310	–	0.26%	–
	New	Apollo Global Management LLC (apo)	$221,575,000	–	11,445	–	0.09%	–
AMZA	New	InfraCap MLP ETF (amza)etf	$195,442,000	–	17,250	–	0.08%	–
MRVL	New	Marvell Tech Group (mrvl)	$178,923,000	–	12,900	–	0.08%	–
FHY	New	First Tr Strategic High Income Fd (fhy)bond	$160,352,000	–	13,058	–	0.07%	–
UVXY	New	Proshares Tr II Ultra Short Futures (uvxy)etf	$114,975,000	–	13,140	–	0.05%	–
HIO	New	Western Asset High Income Fd (hio)	$53,817,000	–	10,785	–	0.02%	–
	New	Tobacco Settlement Fing Corp (888808DC3)bond	$39,679,000	–	40,000	–	0.02%	–
NDRO	New	Enduro Royalty Trust (ndro)	$35,362,000	–	10,250	–	0.02%	–
	New	New Jersey ST TP 4.81bond	$26,367,000	–	25,000	–	0.01%	–
	New	ALEXANDRIA VA 5.4 Go UTX(015302d74)bond	$26,527,000	–	25,000	–	0.01%	–
	New	Pennsylvania ST TPK Commn Tpk (7092235T4)bond	$24,559,000	–	25,000	–	0.01%	–
	New	PUERTO RICO PUB BLDGS AUTH REV GTD GOVT-FACSSER N B/E OIDbond	$24,693,000	–	45,000	–	0.01%	–
	New	PUERTO RICO COMWLTH UNREFUNDED BAL-PUB IMPTSER A G/O UNLTD B/E OIDbond	$22,006,000	–	35,000	–	0.01%	–
	New	New York St Urban Dev Corp Rev (6500353E6)bond	$20,756,000	–	20,000	–	0.01%	–
	New	Romulus Mich Cmnty Schs Rfdg (776219JK4)bond	$19,043,000	–	20,000	–	0.01%	–
	New	Wisconsin St Transn Rev Build (977123YJ1)bond	$16,136,000	–	15,000	–	0.01%	–
	New	Brighton Mich Area Sch Dist (109367PC0)bond	$13,881,000	–	15,000	–	0.01%	–
	New	Qualcomm Inc Fxd Rt (747525ad5)bond	$14,978,000	–	15,000	–	0.01%	–
	New	Okemos Mich Pub Sch Dist (678467GY1)bond	$14,644,000	–	15,000	–	0.01%	–
	New	Manulife Finl Corp Sr (56501RAB2)bond	$10,750,000	–	10,000	–	0.01%	–
	New	Banc America Alt Loan Trust (05948KB40)bond	$12,917,000	–	14,661	–	0.01%	–
	New	Baltimore MD 6.04 GO UTX Duebond	$11,508,000	–	10,000	–	0.01%	–
	New	Lincoln Natl Corp Ind Sr (534187AY5)bond	$11,038,000	–	10,000	–	0.01%	–
	New	Applied Matls Inc (038222AF2)bond	$10,742,000	–	10,000	–	0.01%	–
	New	Potlatch Corp New GTD (737630AB9)bond	$10,925,000	–	10,000	–	0.01%	–
	New	Golman Sachs Group Inc (38141geu4)bond	$10,011,000	–	10,000	–	0.00%	–
	New	AT&T Inc Global Fixed Rt (t.me)bond	$10,302,000	–	10,000	–	0.00%	–
	New	Ebay Inc. 3.25 Due (278642ac7)bond	$10,230,000	–	10,000	–	0.00%	–
MON	New	Monsanto Co New Sr Nt (mon.gi)bond	$10,388,000	–	10,000	–	0.00%	–
	New	Oracle Corp (68389XAQ8)bond	$10,131,000	–	10,000	–	0.00%	–
	New	General Elec Cap Corp (36966THX3)bond	$10,148,000	–	10,000	–	0.00%	–
	New	Juniper Networks Inc Fxd (48203RAH7)bond	$10,138,000	–	10,000	–	0.00%	–
	New	Shell International Fin Bv (822582AJ1)bond	$10,609,000	–	10,000	–	0.00%	–
DD	New	Du Pont E I De Nemours & Co (dd.hs)bond	$10,653,000	–	10,000	–	0.00%	–

Q3 2016

			Value		Shares		↓ Weighting
TICC	Exit	TICC Capital Corp (ticc)	$0	–	-14,150	–	-0.03%	–
EAD	Exit	Wells Fargo Income Opportunities Fd (ead)bond	$0	–	-13,981	–	-0.05%	–
FHY	Exit	First Tr Strategic High Income Fd (fhy)bond	$0	–	-16,018	–	-0.08%	–
WPG	Exit	WP Glimcher Inc. (wpg)	$0	–	-22,510	–	-0.10%	–
SHY	Exit	ISHARES ETF 1-3 YR TREASURY BOND (shy)etf	$0	–	-3,108	–	-0.11%	–
GHY	Exit	Prudential Global Sh Duration Fd (ghy)bond	$0	–	-18,505	–	-0.12%	–
PNK	Exit	Pimco High Income Fund (phk)bond	$0	–	-29,240	–	-0.12%	–
DHY	Exit	Credit Suisse High Yield Bond Fund (dhy)bond	$0	–	-127,575	–	-0.13%	–
FNDF	Exit	Schwab Fundamental Intl Lg Co ETF (fndf)etf	$0	–	-14,565	–	-0.14%	–
SH	Exit	ProShares Short S&P500 (sh)etf	$0	–	-9,611	–	-0.16%	–
IBB	Exit	ISHARES NASDAQ BIOTECH (ibb)etf	$0	–	-2,455	–	-0.26%	–
XLI	Exit	Industrial Select Sector (xli)etf	$0	–	-12,967	–	-0.30%	–
IWM	Exit	ISHARES ETF RUSSELL 2000 (iwm)etf	$0	–	-6,340	–	-0.30%	–
IGV	Exit	ISHARES ETF NORTH AMERICAN TECH-SO (igv)etf	$0	–	-7,145	–	-0.31%	–
IYZ	Exit	Ishares DJ US Telecommunication (iyz)etf	$0	–	-22,535	–	-0.31%	–
FBR	Exit	Fibria Celulose S.A.(fbr)	$0	–	-164,920	–	-0.46%	–
TSLX	Exit	TPG Specialty Lending Inc. (tslx)	$0	–	-68,712	–	-0.47%	–
WIN	Exit	WindStream Corp (win)	$0	–	-126,286	–	-0.48%	–
GES	Exit	Guess INC (ges)	$0	–	-79,427	–	-0.50%	–
BP	Exit	BP PLC SPONS ADR (bp)adr	$0	–	-43,636	–	-0.64%	–
T	Exit	AT&T, Inc.(t)	$0	–	-35,904	–	-0.64%	–
BKCC	Exit	BlackRock Kelso Capital Corp. (bkcc)	$0	–	-241,607	–	-0.78%	–
OLN	Exit	Olin Corp. (oln)	$0	–	-78,564	–	-0.81%	–
BAC	Exit	BANK OF AMERICA CORP (bac)	$0	–	-157,828	–	-0.87%	–
C	Exit	CITIGROUP INC COM (c)	$0	–	-49,823	–	-0.88%	–
TEF	Exit	Telefonica, S.A. (tef)	$0	–	-224,703	–	-0.88%	–
CAT	Exit	Caterpillar Inc. (cat)	$0	–	-28,315	–	-0.89%	–
WFC	Exit	WELLS FARGO COMPANY (wfc)	$0	–	-45,386	–	-0.89%	–
FSC	Exit	FIFTH STREET FINANCE CORP (fsc)	$0	–	-443,552	–	-0.89%	–
JNPR	Exit	JUNIPER NETWORKS INC (jnpr)	$0	–	-98,228	–	-0.92%	–
QCOM	Exit	QUALCOMM INC (qcom)	$0	–	-42,304	–	-0.94%	–
MSFT	Exit	Microsoft Corp. (msft)	$0	–	-44,534	–	-0.94%	–
PBI	Exit	PITNEY BOWES INC (pbi)	$0	–	-128,149	–	-0.94%	–
AZN	Exit	ASTRAZENECA PLC SPON ADR (azn)	$0	–	-75,719	–	-0.95%	–
CYS	Exit	CYS INVESTMENTS INC (cys)	$0	–	-276,062	–	-0.96%	–
GSK	Exit	GLAXOSMITHKLINE PLC-ADR (gsk)	$0	–	-54,187	–	-0.97%	–
STT	Exit	STATE STREET CORP (stt)	$0	–	-43,815	–	-0.98%	–
MRK	Exit	Merck & Company Inc. (mrk)	$0	–	-41,217	–	-0.98%	–
AAIC	Exit	Arlington Asset Investment (ai)	$0	–	-184,168	–	-0.99%	–
WSR	Exit	Whitestone REIT (wsr)	$0	–	-160,747	–	-1.00%	–
GE	Exit	General Electric Company (ge)	$0	–	-77,059	–	-1.00%	–
SNR	Exit	New Senior Investment Group Inc. (snr)	$0	–	-230,048	–	-1.02%	–
PFE	Exit	Pfizer Inc. (pfe)	$0	–	-69,792	–	-1.02%	–
SNH	Exit	Sr. Housing Properties Trust (snh)	$0	–	-118,166	–	-1.02%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT (lxp)	$0	–	-249,142	–	-1.04%	–
CY	Exit	Cypress Semiconductor (cy)	$0	–	-243,776	–	-1.07%	–
AMJ	Exit	JP Morgan Chase & Co Alerian MLP (amj)	$0	–	-82,201	–	-1.08%	–
SPLS	Exit	Staples Inc. (spls)	$0	–	-316,534	–	-1.13%	–
PSEC	Exit	Prospect Capital Corp. (psec)	$0	–	-350,070	–	-1.13%	–
CMTL	Exit	Comtech Telecommunications Corp (cmtl)	$0	–	-221,655	–	-1.18%	–
GS	Exit	GOLDMAN SACHS GROUP INC (gs)	$0	–	-19,999	–	-1.23%	–
ARCC	Exit	ARES CAPITAL CORP (arcc)	$0	–	-240,425	–	-1.42%	–
CSAL	Exit	Communications Sales & Leasing Inc. (csal)	$0	–	-119,730	–	-1.43%	–
SIR	Exit	SELECT INCOME REIT (sir)etf	$0	–	-139,918	–	-1.51%	–
KSS	Exit	KOHLS CORP (kss)	$0	–	-102,596	–	-1.61%	–
RCL	Exit	Royal Caribbean Cruises Ltd. (rcl)	$0	–	-58,060	–	-1.62%	–
IVR	Exit	Invesco Mortgage Capital (ivr)	$0	–	-294,903	–	-1.67%	–
M	Exit	MACY'S INC (m)	$0	–	-127,349	–	-1.77%	–
AMGN	Exit	Amgen (amgn)	$0	–	-29,615	–	-1.87%	–
ERIC	Exit	ERICSSON (LM) TEL-SP ADR NEW (eric)adr	$0	–	-599,452	–	-1.91%	–
TWO	Exit	TWO HARBORS INVT CORP (two)	$0	–	-558,672	–	-1.98%	–
IRT	Exit	Independence Realty Trust, Inc. (irt)	$0	–	-695,254	–	-2.36%	–
CBLAQ	Exit	CBL & ASSOC PROPERTIES REIT INC (cbl)	$0	–	-709,927	–	-2.74%	–
CVS	Exit	CVS Health Corp (cvs)	$0	–	-72,362	–	-2.87%	–
PCEF	Exit	PowerShares CEF Income ETF (pcef)etf	$0	–	-326,056	–	-2.99%	–
SLRC	Exit	Solar Capital Ltd. (slrc)	$0	–	-396,369	–	-3.13%	–
MCC	Exit	MEDLEY CAPITAL CORP (mcc)	$0	–	-1,281,341	–	-3.56%	–
VOO	Exit	Vanguard Index S&P 500 (voo)etf	$0	–	-47,455	–	-3.78%	–
IVV	Exit	S&P 500 INDX (ivv)etf	$0	–	-43,551	–	-3.80%	–
SPY	Exit	SPDR S&P 500 TRUST ETF (spy)etf	$0	–	-44,759	–	-3.88%	–
SDS	Exit	ProShares UltraShort S&P 500 (sds)etf	$0	–	-2,573,374	–	-18.99%	–

Q2 2016

			Value		Shares		↓ Weighting
SDS	New	ProShares UltraShort S&P 500 (sds)etf	$45,831,790,000	–	2,573,374	–	18.99%	–
SPY	New	SPDR S&P 500 TRUST ETF (spy)etf	$9,375,891,000	–	44,759	–	3.88%	–
IVV	New	S&P 500 INDX (ivv)etf	$9,167,485,000	–	43,551	–	3.80%	–
VOO	New	Vanguard Index S&P 500 (voo)etf	$9,120,851,000	–	47,455	–	3.78%	–
MCC	New	MEDLEY CAPITAL CORP (mcc)	$8,584,990,000	–	1,281,341	–	3.56%	–
SLRC	New	Solar Capital Ltd. (slrc)	$7,550,831,000	–	396,369	–	3.13%	–
PCEF	New	PowerShares CEF Income ETF (pcef)etf	$7,225,405,000	–	326,056	–	2.99%	–
CVS	New	CVS Health Corp (cvs)	$6,927,937,000	–	72,362	–	2.87%	–
CBLAQ	New	CBL & ASSOC PROPERTIES REIT INC (cbl)	$6,609,420,000	–	709,927	–	2.74%	–
IRT	New	Independence Realty Trust, Inc. (irt)	$5,687,180,000	–	695,254	–	2.36%	–
TWO	New	TWO HARBORS INVT CORP (two)	$4,782,236,000	–	558,672	–	1.98%	–
ERIC	New	ERICSSON (LM) TEL-SP ADR NEW (eric)adr	$4,603,791,000	–	599,452	–	1.91%	–
AMGN	New	Amgen (amgn)	$4,505,922,000	–	29,615	–	1.87%	–
M	New	MACY'S INC (m)	$4,280,199,000	–	127,349	–	1.77%	–
IVR	New	Invesco Mortgage Capital (ivr)	$4,037,222,000	–	294,903	–	1.67%	–
RCL	New	Royal Caribbean Cruises Ltd. (rcl)	$3,898,729,000	–	58,060	–	1.62%	–
KSS	New	KOHLS CORP (kss)	$3,890,440,000	–	102,596	–	1.61%	–
SIR	New	SELECT INCOME REIT (sir)etf	$3,636,468,000	–	139,918	–	1.51%	–
CSAL	New	Communications Sales & Leasing Inc. (csal)	$3,460,197,000	–	119,730	–	1.43%	–
ARCC	New	ARES CAPITAL CORP (arcc)	$3,414,035,000	–	240,425	–	1.42%	–
GS	New	GOLDMAN SACHS GROUP INC (gs)	$2,971,451,000	–	19,999	–	1.23%	–
CMTL	New	Comtech Telecommunications Corp (cmtl)	$2,846,050,000	–	221,655	–	1.18%	–
PSEC	New	Prospect Capital Corp. (psec)	$2,737,549,000	–	350,070	–	1.13%	–
SPLS	New	Staples Inc. (spls)	$2,728,523,000	–	316,534	–	1.13%	–
AMJ	New	JP Morgan Chase & Co Alerian MLP (amj)	$2,614,813,000	–	82,201	–	1.08%	–
CY	New	Cypress Semiconductor (cy)	$2,571,846,000	–	243,776	–	1.07%	–
LXP	New	LEXINGTON REALTY TRUST REIT (lxp)	$2,518,825,000	–	249,142	–	1.04%	–
SNH	New	Sr. Housing Properties Trust (snh)	$2,461,399,000	–	118,166	–	1.02%	–
PFE	New	Pfizer Inc. (pfe)	$2,457,376,000	–	69,792	–	1.02%	–
SNR	New	New Senior Investment Group Inc. (snr)	$2,456,912,000	–	230,048	–	1.02%	–
GE	New	General Electric Company (ge)	$2,425,835,000	–	77,059	–	1.00%	–
WSR	New	Whitestone REIT (wsr)	$2,424,064,000	–	160,747	–	1.00%	–
AAIC	New	Arlington Asset Investment (ai)	$2,396,025,000	–	184,168	–	0.99%	–
MRK	New	Merck & Company Inc. (mrk)	$2,374,552,000	–	41,217	–	0.98%	–
STT	New	STATE STREET CORP (stt)	$2,362,504,000	–	43,815	–	0.98%	–
GSK	New	GLAXOSMITHKLINE PLC-ADR (gsk)	$2,348,464,000	–	54,187	–	0.97%	–
CYS	New	CYS INVESTMENTS INC (cys)	$2,310,638,000	–	276,062	–	0.96%	–
AZN	New	ASTRAZENECA PLC SPON ADR (azn)	$2,285,956,000	–	75,719	–	0.95%	–
PBI	New	PITNEY BOWES INC (pbi)	$2,281,052,000	–	128,149	–	0.94%	–
MSFT	New	Microsoft Corp. (msft)	$2,278,804,000	–	44,534	–	0.94%	–
QCOM	New	QUALCOMM INC (qcom)	$2,266,225,000	–	42,304	–	0.94%	–
JNPR	New	JUNIPER NETWORKS INC (jnpr)	$2,209,147,000	–	98,228	–	0.92%	–
FSC	New	FIFTH STREET FINANCE CORP (fsc)	$2,151,227,000	–	443,552	–	0.89%	–
WFC	New	WELLS FARGO COMPANY (wfc)	$2,148,119,000	–	45,386	–	0.89%	–
CAT	New	Caterpillar Inc. (cat)	$2,146,560,000	–	28,315	–	0.89%	–
TEF	New	Telefonica, S.A. (tef)	$2,130,184,000	–	224,703	–	0.88%	–
C	New	CITIGROUP INC COM (c)	$2,112,010,000	–	49,823	–	0.88%	–
BAC	New	BANK OF AMERICA CORP (bac)	$2,094,377,000	–	157,828	–	0.87%	–
OLN	New	Olin Corp. (oln)	$1,951,529,000	–	78,564	–	0.81%	–
BKCC	New	BlackRock Kelso Capital Corp. (bkcc)	$1,879,708,000	–	241,607	–	0.78%	–
T	New	AT&T, Inc.(t)	$1,551,418,000	–	35,904	–	0.64%	–
BP	New	BP PLC SPONS ADR (bp)adr	$1,549,514,000	–	43,636	–	0.64%	–
GES	New	Guess INC (ges)	$1,195,376,000	–	79,427	–	0.50%	–
WIN	New	WindStream Corp (win)	$1,170,671,000	–	126,286	–	0.48%	–
TSLX	New	TPG Specialty Lending Inc. (tslx)	$1,141,306,000	–	68,712	–	0.47%	–
FBR	New	Fibria Celulose S.A.(fbr)	$1,114,859,000	–	164,920	–	0.46%	–
IYZ	New	Ishares DJ US Telecommunication (iyz)etf	$750,415,000	–	22,535	–	0.31%	–
IGV	New	ISHARES ETF NORTH AMERICAN TECH-SO (igv)etf	$751,439,000	–	7,145	–	0.31%	–
IWM	New	ISHARES ETF RUSSELL 2000 (iwm)etf	$728,973,000	–	6,340	–	0.30%	–
XLI	New	Industrial Select Sector (xli)etf	$726,281,000	–	12,967	–	0.30%	–
IBB	New	ISHARES NASDAQ BIOTECH (ibb)etf	$631,769,000	–	2,455	–	0.26%	–
SH	New	ProShares Short S&P500 (sh)etf	$381,144,000	–	9,611	–	0.16%	–
FNDF	New	Schwab Fundamental Intl Lg Co ETF (fndf)etf	$345,773,000	–	14,565	–	0.14%	–
DHY	New	Credit Suisse High Yield Bond Fund (dhy)bond	$307,455,000	–	127,575	–	0.13%	–
PNK	New	Pimco High Income Fund (phk)bond	$284,797,000	–	29,240	–	0.12%	–
GHY	New	Prudential Global Sh Duration Fd (ghy)bond	$277,760,000	–	18,505	–	0.12%	–
SHY	New	ISHARES ETF 1-3 YR TREASURY BOND (shy)etf	$265,174,000	–	3,108	–	0.11%	–
WPG	New	WP Glimcher Inc. (wpg)	$251,886,000	–	22,510	–	0.10%	–
FHY	New	First Tr Strategic High Income Fd (fhy)bond	$191,575,000	–	16,018	–	0.08%	–
EAD	New	Wells Fargo Income Opportunities Fd (ead)bond	$110,449,000	–	13,981	–	0.05%	–
TICC	New	TICC Capital Corp (ticc)	$74,570,000	–	14,150	–	0.03%	–

Q4 2015

			Value		Shares		↓ Weighting
UQM	Exit	UQM Technologies Inc. (uqm)	$0	–	-14,000	–	-0.00%	–
KCAP	Exit	Kcap Financial Inc. (kcap)	$0	–	-10,850	–	-0.02%	–
FULL	Exit	Full Circle Cap Corp (full)	$0	–	-17,275	–	-0.02%	–
EAD	Exit	Wells Fargo Adv (ead)	$0	–	-15,995	–	-0.04%	–
EXD	Exit	Eaton Vance Tax-Advantaged FD (exd)	$0	–	-11,135	–	-0.05%	–
PNK	Exit	Pimco High Income Fund (phk)bond	$0	–	-18,690	–	-0.05%	–
ACP	Exit	Avenue Income Credit Strategies (acp)	$0	–	-13,080	–	-0.06%	–
FHY	Exit	First Tr Strategic High Income Fd (fhy)bond	$0	–	-15,259	–	-0.06%	–
PHF	Exit	Pacholder High Yield Fd (phf)bond	$0	–	-33,305	–	-0.07%	–
DHY	Exit	Credit Suisse High Yield Bond Fund (dhy)bond	$0	–	-111,455	–	-0.09%	–
SUNS	Exit	Solar Senior Capital Ltd. (suns)	$0	–	-19,502	–	-0.10%	–
SCZ	Exit	Ishare MSCI Eafe SM (scz)etf	$0	–	-8,000	–	-0.13%	–
IJS	Exit	ISHARES ETF S&P SMALL CAP 600 VALUE (ijs)etf	$0	–	-5,725	–	-0.21%	–
FV	Exit	First Tr Exchange FD Focus 5 ETF (fv)etf	$0	–	-29,530	–	-0.23%	–
IXP	Exit	IShares S&P Global Telecommunictions (ixp)etf	$0	–	-12,845	–	-0.26%	–
HRZN	Exit	Horizon Technology Finance Corp (hrzn)	$0	–	-90,180	–	-0.29%	–
IBB	Exit	ISHARES NASDAQ BIOTECH (ibb)etf	$0	–	-2,775	–	-0.30%	–
KBH	Exit	KB HOME (kbh)	$0	–	-93,716	–	-0.45%	–
SIR	Exit	SELECT INCOME REIT (sir)etf	$0	–	-71,580	–	-0.48%	–
TSE	Exit	Trinseo SA (tse)	$0	–	-64,810	–	-0.58%	–
AINV	Exit	Apollo Investment Corp (ainv)	$0	–	-363,825	–	-0.70%	–
GPS	Exit	Gap Inc. (gps)	$0	–	-75,585	–	-0.76%	–
OLN	Exit	Olin Corp. (oln)	$0	–	-130,480	–	-0.77%	–
NYMT	Exit	New York Mortgage Trust (nymt)	$0	–	-405,338	–	-0.78%	–
AVP	Exit	AVON PRODUCTS INC (avp)	$0	–	-690,337	–	-0.79%	–
AMX	Exit	American Movil SA (amx)	$0	–	-141,326	–	-0.82%	–
IVW	Exit	ISHARES S&P 500 ETF GROWTH (ivw)etf	$0	–	-22,260	–	-0.84%	–
TWO	Exit	TWO HARBORS INVT CORP (two)	$0	–	-285,238	–	-0.88%	–
DOW	Exit	The Dow Chemical Company (dow)	$0	–	-60,734	–	-0.90%	–
KSS	Exit	KOHLS CORP (kss)	$0	–	-55,674	–	-0.91%	–
LXP	Exit	LEXINGTON REALTY TRUST REIT (lxp)	$0	–	-341,643	–	-0.97%	–
SRC	Exit	Spirit Realty Capital, Inc. (src)	$0	–	-332,894	–	-1.07%	–
FSFR	Exit	Fifth Street Ser Floating Rate Corp (fsfr)	$0	–	-377,015	–	-1.16%	–
FSC	Exit	FIFTH STREET FINANCE CORP (fsc)	$0	–	-545,194	–	-1.18%	–
WIN	Exit	WindStream Corp (win)	$0	–	-550,613	–	-1.19%	–
HPQ	Exit	HEWLETT-PACKARD COMPANY (hpq)	$0	–	-137,873	–	-1.24%	–
TICC	Exit	TICC Capital Corp (ticc)	$0	–	-540,071	–	-1.27%	–
CYS	Exit	CYS INVESTMENTS INC (cys)	$0	–	-515,701	–	-1.32%	–
CSAL	Exit	Communications Sales & Leasing Inc. (csal)	$0	–	-222,730	–	-1.40%	–
C	Exit	CITIGROUP INC COM (c)	$0	–	-80,806	–	-1.41%	–
COP	Exit	ConocoPhillips (cop)	$0	–	-93,848	–	-1.58%	–
IRT	Exit	Independence Realty Trust, Inc. (irt)	$0	–	-628,891	–	-1.59%	–
IVR	Exit	Invesco Mortgage Capital (ivr)	$0	–	-376,464	–	-1.62%	–
BKCC	Exit	BlackRock Kelso Capital Corp. (bkcc)	$0	–	-541,185	–	-1.68%	–
CY	Exit	Cypress Semiconductor (cy)	$0	–	-569,147	–	-1.70%	–
MRK	Exit	Merck & Company Inc. (mrk)	$0	–	-101,490	–	-1.76%	–
ERIC	Exit	ERICSSON (LM) TEL-SP ADR NEW (eric)adr	$0	–	-546,307	–	-1.88%	–
	Exit	AT&T, Inc.(t)	$0	–	-169,073	–	-1.94%	–
WSR	Exit	Whitestone REIT (wsr)	$0	–	-486,251	–	-1.97%	–
AMLP	Exit	ALPS ALERIAN MLP ETF (amlp)	$0	–	-456,625	–	-2.00%	–
VOO	Exit	Vanguard Index S&P 500 (voo)etf	$0	–	-32,521	–	-2.01%	–
SPY	Exit	SPDR S&P 500 TRUST ETF (spy)etf	$0	–	-30,171	–	-2.03%	–
IVV	Exit	S&P 500 INDX (ivv)etf	$0	–	-30,014	–	-2.03%	–
SLRC	Exit	Solar Capital Ltd. (slrc)	$0	–	-391,442	–	-2.18%	–
XLE	Exit	SELECT SECTOR SPDR TRUST ENERG (xle)etf	$0	–	-113,418	–	-2.44%	–
PNNT	Exit	PENNANTPARK INVSTMNT CRP (pnnt)	$0	–	-1,103,957	–	-2.51%	–
GE	Exit	General Electric Company (ge)	$0	–	-355,632	–	-3.15%	–
VZ	Exit	Verizon Communications (vz)	$0	–	-211,050	–	-3.23%	–
SNH	Exit	Sr. Housing Properties Trust (snh)etf	$0	–	-569,051	–	-3.24%	–
PSEC	Exit	Prospect Capital Corp. (psec)	$0	–	-1,337,710	–	-3.35%	–
PCEF	Exit	PowerShares CEF Income ETF (pcef)etf	$0	–	-557,452	–	-4.11%	–
MCC	Exit	MEDLEY CAPITAL CORP (mcc)	$0	–	-1,684,554	–	-4.40%	–
SH	Exit	Short S&P500 ProShares (sh)etf	$0	–	-864,391	–	-6.84%	–
SDS	Exit	ProShares UltraShort S&P 500 (sds)etf	$0	–	-2,068,769	–	-16.92%	–

Q3 2015

			Value		Shares		↓ Weighting
SDS	Sell	ProShares UltraShort S&P 500 (sds)etf	$48,160,942,000	-15.7%	2,068,769	-23.8%	16.92%	-8.6%
SH	Buy	Short S&P500 ProShares (sh)etf	$19,457,441,000	+3020.5%	864,391	+2858.3%	6.84%	+3284.2%
MCC	Sell	MEDLEY CAPITAL CORP (mcc)	$12,533,087,000	-28.4%	1,684,554	-14.3%	4.40%	-22.4%
PCEF	Sell	PowerShares CEF Income ETF (pcef)etf	$11,706,506,000	-24.3%	557,452	-17.7%	4.11%	-17.9%
PSEC	Buy	Prospect Capital Corp. (psec)	$9,537,874,000	+19.4%	1,337,710	+23.5%	3.35%	+29.5%
SNH	Buy	Sr. Housing Properties Trust (snh)etf	$9,218,626,000	+55.1%	569,051	+68.0%	3.24%	+68.2%
VZ	Buy	Verizon Communications (vz)	$9,182,827,000	+29.7%	211,050	+39.0%	3.23%	+40.7%
GE	Sell	General Electric Company (ge)	$8,969,041,000	-24.8%	355,632	-20.8%	3.15%	-18.5%
PNNT	Sell	PENNANTPARK INVSTMNT CRP (pnnt)	$7,142,604,000	-30.9%	1,103,957	-6.2%	2.51%	-25.0%
XLE	Buy	SELECT SECTOR SPDR TRUST ENERG (xle)etf	$6,941,181,000	-1.4%	113,418	+21.1%	2.44%	+7.0%
SLRC	Buy	Solar Capital Ltd. (slrc)	$6,192,617,000	+0.5%	391,442	+14.3%	2.18%	+9.0%
IVV	Sell	S&P 500 INDX (ivv)etf	$5,783,997,000	-24.1%	30,014	-18.4%	2.03%	-17.7%
SPY	Sell	SPDR S&P 500 TRUST ETF (spy)etf	$5,781,668,000	-24.3%	30,171	-18.7%	2.03%	-17.9%
VOO	Sell	Vanguard Index S&P 500 (voo)etf	$5,714,264,000	-23.5%	32,521	-17.8%	2.01%	-17.0%
AMLP	Buy	ALPS ALERIAN MLP ETF (amlp)	$5,698,680,000	-17.4%	456,625	+3.0%	2.00%	-10.4%
WSR	Buy	Whitestone REIT (wsr)	$5,606,474,000	+109.2%	486,251	+136.2%	1.97%	+127.0%
	New	AT&T, Inc.(t)	$5,508,399,000	–	169,073	–	1.94%	–
ERIC	Buy	ERICSSON (LM) TEL-SP ADR NEW (eric)adr	$5,342,882,000	+3.1%	546,307	+10.1%	1.88%	+11.9%
MRK	Buy	Merck & Company Inc. (mrk)	$5,012,604,000	+40.6%	101,490	+62.1%	1.76%	+52.5%
CY	Buy	Cypress Semiconductor (cy)	$4,849,133,000	-4.1%	569,147	+32.3%	1.70%	+4.0%
BKCC	Sell	BlackRock Kelso Capital Corp. (bkcc)	$4,794,905,000	-19.5%	541,185	-17.0%	1.68%	-12.7%
IVR	Sell	Invesco Mortgage Capital (ivr)	$4,607,930,000	-31.7%	376,464	-20.1%	1.62%	-26.0%
IRT	Sell	Independence Realty Trust, Inc. (irt)	$4,534,310,000	-23.9%	628,891	-20.5%	1.59%	-17.4%
COP	New	ConocoPhillips (cop)	$4,500,950,000	–	93,848	–	1.58%	–
C	Buy	CITIGROUP INC COM (c)	$4,008,789,000	-0.2%	80,806	+11.1%	1.41%	+8.3%
CSAL	New	Communications Sales & Leasing Inc. (csal)	$3,986,867,000	–	222,730	–	1.40%	–
CYS	Sell	CYS INVESTMENTS INC (cys)	$3,743,989,000	-25.5%	515,701	-20.7%	1.32%	-19.3%
TICC	Sell	TICC Capital Corp (ticc)	$3,623,880,000	-2.9%	540,071	-2.8%	1.27%	+5.3%
HPQ	Sell	HEWLETT-PACKARD COMPANY (hpq)	$3,530,941,000	-31.9%	137,873	-20.2%	1.24%	-26.1%
WIN	Buy	WindStream Corp (win)	$3,380,763,000	-22.2%	550,613	+213.4%	1.19%	-15.6%
FSC	Sell	FIFTH STREET FINANCE CORP (fsc)	$3,363,852,000	-58.4%	545,194	-55.8%	1.18%	-54.9%
FSFR	Sell	Fifth Street Ser Floating Rate Corp (fsfr)	$3,291,342,000	-24.7%	377,015	-20.5%	1.16%	-18.4%
SRC	New	Spirit Realty Capital, Inc. (src)	$3,042,651,000	–	332,894	–	1.07%	–
LXP	New	LEXINGTON REALTY TRUST REIT (lxp)	$2,767,308,000	–	341,643	–	0.97%	–
KSS	Buy	KOHLS CORP (kss)	$2,578,274,000	+48.1%	55,674	+100.3%	0.91%	+60.6%
DOW	Sell	The Dow Chemical Company (dow)	$2,575,139,000	-33.5%	60,734	-19.7%	0.90%	-27.8%
TWO	Sell	TWO HARBORS INVT CORP (two)	$2,515,807,000	-28.3%	285,238	-20.9%	0.88%	-22.3%
IVW	Buy	ISHARES S&P 500 ETF GROWTH (ivw)etf	$2,399,628,000	+95.1%	22,260	+106.1%	0.84%	+111.8%
AMX	Sell	American Movil SA (amx)	$2,338,961,000	-38.2%	141,326	-20.4%	0.82%	-32.9%
AVP	New	AVON PRODUCTS INC (avp)	$2,243,595,000	–	690,337	–	0.79%	–
NYMT	New	New York Mortgage Trust (nymt)	$2,225,305,000	–	405,338	–	0.78%	–
OLN	New	Olin Corp. (oln)	$2,193,368,000	–	130,480	–	0.77%	–
GPS	New	Gap Inc. (gps)	$2,154,172,000	–	75,585	–	0.76%	–
AINV	Sell	Apollo Investment Corp (ainv)	$1,993,765,000	-38.8%	363,825	-20.9%	0.70%	-33.6%
TSE	New	Trinseo SA (tse)	$1,636,452,000	–	64,810	–	0.58%	–
SIR	New	SELECT INCOME REIT (sir)etf	$1,360,735,000	–	71,580	–	0.48%	–
KBH	New	KB HOME (kbh)	$1,269,851,000	–	93,716	–	0.45%	–
IBB	New	ISHARES NASDAQ BIOTECH (ibb)etf	$841,740,000	–	2,775	–	0.30%	–
HRZN	New	Horizon Technology Finance Corp (hrzn)	$816,129,000	–	90,180	–	0.29%	–
IXP	Sell	IShares S&P Global Telecommunictions (ixp)etf	$728,568,000	-9.5%	12,845	-0.8%	0.26%	-1.9%
FV	New	First Tr Exchange FD Focus 5 ETF (fv)etf	$647,592,000	–	29,530	–	0.23%	–
IJS	Sell	ISHARES ETF S&P SMALL CAP 600 VALUE (ijs)etf	$599,922,000	-13.1%	5,725	-2.3%	0.21%	-5.8%
SCZ	New	Ishare MSCI Eafe SM (scz)etf	$382,160,000	–	8,000	–	0.13%	–
SUNS	Sell	Solar Senior Capital Ltd. (suns)	$277,318,000	-26.9%	19,502	-18.9%	0.10%	-21.1%
DHY	New	Credit Suisse High Yield Bond Fund (dhy)bond	$253,002,000	–	111,455	–	0.09%	–
PHF	New	Pacholder High Yield Fd (phf)bond	$210,487,000	–	33,305	–	0.07%	–
FHY	New	First Tr Strategic High Income Fd (fhy)bond	$175,478,000	–	15,259	–	0.06%	–
ACP	Buy	Avenue Income Credit Strategies (acp)	$168,078,000	-9.2%	13,080	+0.5%	0.06%	-1.7%
PNK	New	Pimco High Income Fund (phk)bond	$139,240,000	–	18,690	–	0.05%	–
EXD	Buy	Eaton Vance Tax-Advantaged FD (exd)	$135,958,000	-1.2%	11,135	+4.4%	0.05%	+6.7%
EAD	Sell	Wells Fargo Adv (ead)	$121,082,000	-11.7%	15,995	-3.5%	0.04%	-2.3%
FULL	Buy	Full Circle Cap Corp (full)	$53,034,000	-12.7%	17,275	+1.5%	0.02%	-5.0%
KCAP	Sell	Kcap Financial Inc. (kcap)	$48,933,000	-31.8%	10,850	-9.5%	0.02%	-26.1%
BGH	Exit	Clancy Systems Intl (clsi)	$0	–	-800,000	–	-0.00%	–
	Exit	Ebay Inc. 3.25% Due 10/15/20 (278642ac7)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Mississippi Power Co (605417BX1)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Applied Matls Inc (038222AF2)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Oracle Corp (68389XAQ8)bond	$0	–	-10,000	–	-0.00%	–
	Exit	BB&T Corp Sr Medium Term Notes (05531fam5)bond	$0	–	-10,000	–	-0.00%	–
	Exit	General Elec Cap Corp (36966THX3)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Golman Sachs Group Inc (38141geu4)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Manulife Finl Corp Sr (56501RAB2)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Shell International Fin Bv (822582AJ1)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Potlatch Corp New GTD (737630AB9)bond	$0	–	-10,000	–	-0.00%	–
	Exit	Qualcomm Inc Fxd Rt (747525ad5)bond	$0	–	-15,000	–	-0.01%	–
	Exit	Bankers Tr Corptr IV Sub (066365bx4)bond	$0	–	-25,000	–	-0.01%	–
DHY	Exit	Credit Suisse High Yield Bond Fund (dhy)bond	$0	–	-34,175	–	-0.03%	–
REM	Exit	Ishares Tr Real Estate (rem)etf	$0	–	-16,930	–	-0.06%	–
PNK	Exit	Pimco High Income Fund (phk)bond	$0	–	-19,125	–	-0.06%	–
BGH	Exit	Babson Cap Global Short Duration (bgh)bond	$0	–	-10,035	–	-0.06%	–
DIA	Exit	SPDR DOW JONES INDL ETF (dia)etf	$0	–	-1,385	–	-0.08%	–
IGV	Exit	ISHARES ETF NORTH AMERICAN TECH-SO (igv)etf	$0	–	-9,658	–	-0.31%	–
EEM	Exit	ISHARES MSCI ETF EMERGING MARKETS (eem)etf	$0	–	-27,435	–	-0.35%	–
ACWI	Exit	iShares Tr MSCI ACWI ETF (acwi)etf	$0	–	-19,035	–	-0.37%	–
XLV	Exit	HEALTH CARE SELECT SPDR (xlv)etf	$0	–	-16,410	–	-0.40%	–
VIV	Exit	TELEFONICA BRASIL SA SPONSORED ADR (viv)	$0	–	-117,887	–	-0.53%	–
WIN	Exit	WindStream Corp (win)	$0	–	-450,424	–	-0.93%	–
SO	Exit	THE SOUTHERN COMPANY (so)	$0	–	-80,307	–	-1.09%	–
DFS	Exit	DISCOVER FINANCIAL (dfs)	$0	–	-60,038	–	-1.12%	–
WMT	Exit	WAL-MART STORES INC (wmt)	$0	–	-50,412	–	-1.16%	–
TEF	Exit	Telefonica, S.A. (tef)	$0	–	-261,803	–	-1.20%	–
MTGE	Exit	American Cap Mortgage (mtge)	$0	–	-240,191	–	-1.24%	–
BAC	Exit	BANK OF AMERICA CORP (bac)	$0	–	-232,533	–	-1.28%	–
FITB	Exit	FIFTH THIRD BANCORP (fitb)	$0	–	-202,764	–	-1.37%	–
T	Exit	AT&T, Inc.(t)	$0	–	-167,942	–	-1.93%	–

Q2 2015

			Value		Shares		↓ Weighting
SDS	New	ProShares UltraShort S&P 500etf	$57,152,922,000	–	2,713,814	–	18.51%	–
MCC	New	MEDLEY CAPITAL CORP	$17,512,970,000	–	1,965,541	–	5.67%	–
PCEF	New	PowerShares CEF Income ETFetf	$15,471,981,000	–	677,703	–	5.01%	–
GE	New	General Electric Company	$11,927,538,000	–	448,910	–	3.86%	–
PNNT	New	PENNANTPARK INVSTMNT CRP	$10,331,643,000	–	1,176,724	–	3.35%	–
FSC	New	FIFTH STREET FINANCE CORP (fsc)	$8,086,359,000	–	1,234,558	–	2.62%	–
PSEC	New	Prospect Capital Corp. (psec)	$7,985,187,000	–	1,083,471	–	2.59%	–
SPY	New	SPDR S&P 500 TRUST ETF (spy)etf	$7,637,035,000	–	37,100	–	2.47%	–
IVV	New	S&P 500 INDX (ivv)etf	$7,621,551,000	–	36,780	–	2.47%	–
VOO	New	Vanguard Index S&P 500 (voo)etf	$7,468,622,000	–	39,550	–	2.42%	–
VZ	New	Verizon Communications (vz)	$7,079,216,000	–	151,881	–	2.29%	–
XLE	New	SELECT SECTOR SPDR TRUST ENERG (xle)etf	$7,036,479,000	–	93,620	–	2.28%	–
AMLP	New	ALPS ALERIAN MLP ETF (amlp)	$6,896,378,000	–	443,212	–	2.23%	–
IVR	New	Invesco Mortgage Capital (ivr)	$6,750,619,000	–	471,412	–	2.19%	–
SLRC	New	Solar Capital Ltd. (slrc)	$6,164,432,000	–	342,468	–	2.00%	–
T	New	AT&T, Inc.(t)	$5,965,328,000	–	167,942	–	1.93%	–
BKCC	New	BlackRock Kelso Capital Corp. (bkcc)	$5,958,643,000	–	651,930	–	1.93%	–
IRT	New	Independence Realty Trust, Inc. (irt)	$5,955,782,000	–	790,940	–	1.93%	–
SNH	New	Sr. Housing Properties Trust (snh)	$5,944,227,000	–	338,702	–	1.93%	–
HPQ	New	HEWLETT-PACKARD COMPANY (hpq)	$5,183,943,000	–	172,740	–	1.68%	–
ERIC	New	ERICSSON (LM) TEL-SP ADR NEW (eric)	$5,181,267,000	–	496,290	–	1.68%	–
CY	New	Cypress Semiconductor (cy)	$5,057,893,000	–	430,093	–	1.64%	–
CYS	New	CYS INVESTMENTS INC (cys)	$5,027,336,000	–	650,367	–	1.63%	–
FSFR	New	Fifth Street Ser Floating Rate Corp (fsfr)	$4,371,726,000	–	474,156	–	1.42%	–
WIN	New	Communications Sales & Leasing Inc. (csal)	$4,342,686,000	–	175,675	–	1.41%	–
FITB	New	FIFTH THIRD BANCORP (fitb)	$4,221,546,000	–	202,764	–	1.37%	–
C	New	CITIGROUP INC COM (c)	$4,016,889,000	–	72,717	–	1.30%	–
BAC	New	BANK OF AMERICA CORP (bac)	$3,957,717,000	–	232,533	–	1.28%	–
DOW	New	The Dow Chemical Company (dow)	$3,871,624,000	–	75,662	–	1.25%	–
MTGE	New	American Cap Mortgage (mtge)	$3,840,654,000	–	240,191	–	1.24%	–
AMX	New	American Movil SA (amx)	$3,782,098,000	–	177,480	–	1.22%	–
TICC	New	TICC Capital Corp (ticc)	$3,732,351,000	–	555,409	–	1.21%	–
TEF	New	Telefonica, S.A. (tef)	$3,717,610,000	–	261,803	–	1.20%	–
WMT	New	WAL-MART STORES INC (wmt)	$3,575,723,000	–	50,412	–	1.16%	–
MRK	New	Merck & Company Inc. (mrk)	$3,564,785,000	–	62,617	–	1.16%	–
TWO	New	TWO HARBORS INVT CORP (two)	$3,510,558,000	–	360,427	–	1.14%	–
DFS	New	DISCOVER FINANCIAL (dfs)	$3,459,399,000	–	60,038	–	1.12%	–
SO	New	THE SOUTHERN COMPANY (so)	$3,364,886,000	–	80,307	–	1.09%	–
AINV	New	Apollo Investment Corp (ainv)	$3,256,579,000	–	459,968	–	1.06%	–
WIN	New	WindStream Corp (win)	$2,873,705,000	–	450,424	–	0.93%	–
WSR	New	Whitestone REIT (wsr)	$2,680,388,000	–	205,867	–	0.87%	–
KSS	New	KOHLS CORP (kss)	$1,740,314,000	–	27,796	–	0.56%	–
VIV	New	TELEFONICA BRASIL SA SPONSORED ADR (viv)	$1,642,165,000	–	117,887	–	0.53%	–
IVW	New	ISHARES S&P 500 ETF GROWTH (ivw)etf	$1,229,688,000	–	10,800	–	0.40%	–
XLV	New	HEALTH CARE SELECT SPDR (xlv)etf	$1,220,739,000	–	16,410	–	0.40%	–
ACWI	New	iShares Tr MSCI ACWI ETF (acwi)etf	$1,131,630,000	–	19,035	–	0.37%	–
EEM	New	ISHARES MSCI ETF EMERGING MARKETS (eem)etf	$1,086,974,000	–	27,435	–	0.35%	–
IGV	New	ISHARES ETF NORTH AMERICAN TECH-SO (igv)etf	$960,681,000	–	9,658	–	0.31%	–
IXP	New	IShares S&P Global Telecommunictions (ixp)etf	$805,023,000	–	12,955	–	0.26%	–
IJS	New	ISHARES ETF S&P SMALL CAP 600 VALUE (ijs)etf	$690,073,000	–	5,860	–	0.22%	–
SH	New	Short S&P500 ProShares (sh)etf	$623,533,000	–	29,219	–	0.20%	–
SUNS	New	Solar Senior Capital Ltd. (suns)	$379,196,000	–	24,045	–	0.12%	–
DIA	New	SPDR DOW JONES INDL ETF (dia)etf	$243,510,000	–	1,385	–	0.08%	–
BGH	New	Babson Cap Global Short Duration (bgh)bond	$200,198,000	–	10,035	–	0.06%	–
PNK	New	Pimco High Income Fund (phk)bond	$190,485,000	–	19,125	–	0.06%	–
ACP	New	Avenue Income Credit Strategies (acp)	$185,014,000	–	13,020	–	0.06%	–
REM	New	Ishares Tr Real Estate (rem)etf	$179,119,000	–	16,930	–	0.06%	–
EXD	New	Eaton Vance Tax-Advantaged FD (exd)	$137,643,000	–	10,670	–	0.04%	–
EAD	New	Wells Fargo Adv (ead)	$137,075,000	–	16,575	–	0.04%	–
DHY	New	Credit Suisse High Yield Bond Fund (dhy)bond	$88,171,000	–	34,175	–	0.03%	–
KCAP	New	Kcap Financial Inc. (kcap)	$71,730,000	–	11,995	–	0.02%	–
FULL	New	Full Circle Cap Corp (full)	$60,761,000	–	17,020	–	0.02%	–
	New	Bankers Tr Corptr IV Sub (066365bx4)bond	$25,513,000	–	25,000	–	0.01%	–
	New	Qualcomm Inc Fxd Rt (747525ad5)bond	$14,989,000	–	15,000	–	0.01%	–
	New	Manulife Finl Corp Sr (56501RAB2)bond	$11,082,000	–	10,000	–	0.00%	–
	New	Potlatch Corp New GTD (737630AB9)bond	$11,300,000	–	10,000	–	0.00%	–
	New	Shell International Fin Bv (822582AJ1)bond	$10,888,000	–	10,000	–	0.00%	–
UQM	New	UQM Technologies Inc. (uqm)	$12,040,000	–	14,000	–	0.00%	–
	New	General Elec Cap Corp (36966THX3)bond	$10,061,000	–	10,000	–	0.00%	–
	New	Oracle Corp (68389XAQ8)bond	$10,141,000	–	10,000	–	0.00%	–
	New	Golman Sachs Group Inc (38141geu4)bond	$10,589,000	–	10,000	–	0.00%	–
	New	BB&T Corp Sr Medium Term Notes (05531fam5)bond	$9,944,000	–	10,000	–	0.00%	–
	New	Applied Matls Inc (038222AF2)bond	$10,688,000	–	10,000	–	0.00%	–
	New	Ebay Inc. 3.25% Due 10/15/20 (278642ac7)bond	$10,284,000	–	10,000	–	0.00%	–
	New	Mississippi Power Co (605417BX1)bond	$10,168,000	–	10,000	–	0.00%	–
BGH	New	Clancy Systems Intl (clsi)	$1,760,000	–	800,000	–	0.00%	–

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