The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Luckin Coffee, Inc. SPONSORED ADS 54951L109 12,067 306,600 SH   SOLE   306,600 0 0
PPL Corp. COM 69351T106 11,327 315,709 SH   SOLE   315,709 0 0
The AES Corp. COM 00130H105 9,324 468,546 SH   SOLE   468,546 0 0
Duke Energy Corp. COM 26441C204 8,902 97,605 SH   SOLE   97,605 0 0
Dominion Energy, Inc. COM 25746U109 8,050 97,206 SH   SOLE   97,206 0 0
Newell Brands Inc. COM 651229106 7,171 373,081 SH   SOLE   373,081 0 0
Clorox Company COM 189054109 7,100 46,238 SH   SOLE   46,238 0 0
Bristol-Myers Squibb Company COM 110122108 7,073 110,183 SH   SOLE   110,183 0 0
Alliant Energy Corp. COM 018802108 6,865 125,464 SH   SOLE   125,464 0 0
Consolidated Edison, Inc. COM 209115104 6,228 68,835 SH   SOLE   68,835 0 0
Coca Cola Company COM 191216100 6,117 110,506 SH   SOLE   110,506 0 0
Annaly Capital Management, Inc. COM 035710409 5,950 631,618 SH   SOLE   631,618 0 0
Conagra Brands Inc. COM 205887102 5,580 162,946 SH   SOLE   162,946 0 0
Molson Coors Brewing Co CL B 60871R209 5,467 101,432 SH   SOLE   101,432 0 0
Park Hotels & Resorts Inc. COM 700517105 5,106 197,349 SH   SOLE   197,349 0 0
Aqua America, Inc. COM 03836W103 5,099 108,624 SH   SOLE   108,624 0 0
Kroger Company COM 501044101 5,039 173,814 SH   SOLE   173,814 0 0
AT&T Inc. COM 00206R102 4,687 119,940 SH   SOLE   119,940 0 0
Discovery Communication, Inc. COM 25470F104 4,539 138,628 SH   SOLE   138,628 0 0
Quest Diagnostics Inc. COM 74834L100 4,469 41,846 SH   SOLE   41,846 0 0
Crown Castle Intl Corp REIT 22822V101 4,315 30,363 SH   SOLE   30,363 0 0
Kraft Heinz Company COM 500754106 4,016 124,983 SH   SOLE   124,983 0 0
The J. M. Smucker Company COM 832696405 3,846 36,925 SH   SOLE   36,925 0 0
The GEO Group, Inc. COM 36162J106 3,674 221,159 SH   SOLE   221,159 0 0
Host Hotels & Resorts, Inc. COM 44107P104 3,672 197,950 SH   SOLE   197,950 0 0
Hershey Company COM 427866108 3,580 24,361 SH   SOLE   24,361 0 0
Viacomcbs Inc Cl B CL B 92556H206 3,521 83,912 SH   SOLE   83,912 0 0
Public Storage COM 74460D109 3,378 15,861 SH   SOLE   15,861 0 0
Coty Inc. COM CL A 222070203 3,211 285,446 SH   SOLE   285,446 0 0
Archer-Daniels-Midland Co. COM 039483102 3,043 65,647 SH   SOLE   65,647 0 0
OUTFRONT Media Inc. COM 69007J106 2,868 106,952 SH   SOLE   106,952 0 0
Invesco Taxable TAXABLE MUN BD 46138G805 2,436 76,927 SH   SOLE   76,927 0 0
iShares 20 Treasury Bond fund 20 YR TR BD ETF 464287432 2,145 15,832 SH   SOLE   15,832 0 0
Consumer Staples Spdr Fund SBI CONS STPLS 81369Y308 1,039 16,501 SH   SOLE   16,501 0 0
Utilities Spdr fund SBI INT-UTILS 81369Y886 1,008 15,593 SH   SOLE   15,593 0 0
Ishares Tr Dow Jones Re US REAL ES ETF 464287739 988 10,610 SH   SOLE   10,610 0 0
Tenet Healthcare Corp COM 88033G407 618 16,241 SH   SOLE   16,241 0 0
Select Sector Spdr Tr Health Care Former SBI HEALTHCARE 81369Y209 587 5,762 SH   SOLE   5,762 0 0
Avista Corp. COM 05379B107 521 10,840 SH   SOLE   10,840 0 0
Hostess Brands Inc CL A 44109J106 520 35,770 SH   SOLE   35,770 0 0
Greenlight Capital RE, LTD. CL A G4095J109 509 50,319 SH   SOLE   50,319 0 0
Agree Realty Corp. COM 008492100 505 7,200 SH   SOLE   7,200 0 0
Vaneck Vectors Etf Tr Mtg Reit Income MTG REIT INCOME 92189F452 494 20,588 SH   SOLE   20,588 0 0
Vanguard Extended Duration Trs ETF EXTENDED DUR 921910709 488 3,751 SH   SOLE   3,751 0 0
Pattern Energy Group Inc. CL A 70338P100 447 16,691 SH   SOLE   16,691 0 0
Cott Corp. COM 22163N106 385 28,177 SH   SOLE   28,177 0 0
Invesco Mortgage Capital Inc. REIT 46131B100 352 21,163 SH   SOLE   21,163 0 0
South Jersey Industries, Inc. COM 838518108 350 10,602 SH   SOLE   10,602 0 0
KKR Real Estate Finance Trust Inc. COM 48251K100 347 17,014 SH   SOLE   17,014 0 0
Kite Realty Group Trust COM 49803T300 285 14,603 SH   SOLE   14,603 0 0
Otter Tail Corp. COM 689648103 270 5,270 SH   SOLE   5,270 0 0
Physicians Realty Trust COM 71943U104 267 14,088 SH   SOLE   14,088 0 0
Papa Johns Internationl, Inc. COM 698813102 258 4,082 SH   SOLE   4,082 0 0
United Natural Foods, Inc. COM 911163103 243 27,712 SH   SOLE   27,712 0 0
Stamps.Com Inc. COM 852857200 240 2,876 SH   SOLE   2,876 0 0
Sally Beauty Holdings Inc COM 79546E104 239 13,096 SH   SOLE   13,096 0 0
Senior Housing Properties Trust REIT 81721M109 238 28,184 SH   SOLE   28,184 0 0
Tanger Factory Outlet Centers, Inc. COM 875465106 224 15,190 SH   SOLE   15,190 0 0
Chatham Lodging Trust COM 16208T102 222 12,122 SH   SOLE   12,122 0 0
Corecivic, Inc. COM 21871N101 219 12,617 SH   SOLE   12,617 0 0
WW International Inc. COM 98262P101 210 5,488 SH   SOLE   5,488 0 0
Bristol Myers Squibb Co Contngnt Val Rt RIGHT 99/99/9999 110122157 113 37,495 SH   SOLE   37,495 0 0
Upwork Inc Com COM 91688F104 175 16,376 SH   SOLE   16,376 0 0
Houghton Mifflin Harcourt Company COM 44157R109 100 15,971 SH   SOLE   15,971 0 0
Camping World Holdings, Inc. CL A 13462K109 172 11,651 SH   SOLE   11,651 0 0
Braemar Hotels & Resorts Inc. COM 10482B101 103 11,569 SH   SOLE   11,569 0 0
Uniti Group Inc Com REIT 91325V108 94 11,514 SH   SOLE   11,514 0 0
Element Solutions, Inc. COM 28618M106 133 11,345 SH   SOLE   11,345 0 0
Resideo Technologies, Inc. CL A 76118Y104 134 11,196 SH   SOLE   11,196 0 0