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
Estimated average burden
hours per response: 23.8
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
Abbvie Inc. Common Stock 00287Y109 1,220 16,826 SH   SOLE   16,826 0 0
Aetna Inc. Common Stock 00817Y108 1,304 8,590 SH   SOLE   8,590 0 0
Agnc Investment Corp. Common Stock 00123Q104 920 43,236 SH   SOLE   43,236 0 0
Alliance One Intl Inc 9.875% 7/15/2021 018772AS2 566 650,000 PRN   SOLE   650,000 0 0
Altria Group Inc Common Stock 02209S103 305 4,097 SH   SOLE   4,097 0 0
AMC Entertainment Inc. 5.75% 06/15/2025 00165AAH1 312 300,000 PRN   SOLE   300,000 0 0
AMC Networks Inc. - Class A Common Stock 00164V103 153 2,859 SH   SOLE   2,859 0 0
American Airlines Group Inc Common Stock 001765106 81 80,929 SH   SOLE   80,929 0 0
AmeriGas Partners LP Common Stock 030975106 824 18,259 SH   SOLE   18,259 0 0
Annaly Capital Management Common Stock 035710409 956 79,333 SH   SOLE   79,333 0 0
Archer-Daniels-Midland Company Common Stock 039483102 1,136 27,458 SH   SOLE   27,458 0 0
Archrock Partners L.P. Common Stock 03957U100 146 9,775 SH   SOLE   9,775 0 0
AT&T Inc Common Stock 00206R102 1,263 33,479 SH   SOLE   33,479 0 0
AutoZone Inc Common Stock 053332102 63 110 SH   SOLE   110 0 0
B&G Foods Inc. Common Stock 05508R106 1,228 34,508 SH   SOLE   34,508 0 0
Bayer AG Common Stock 072730302 1,414 10,886 SH   SOLE   10,886 0 0
Boeing Company (The) Common Stock 097023105 327 1,655 SH   SOLE   1,655 0 0
Bunge Limited Bunge Limited Common Stock G16962105 1,026 13,758 SH   SOLE   13,758 0 0
Cadence Design Systems, Inc. Common Stock 127387108 78 2,326 SH   SOLE   2,326 0 0
Caesars Acquisition Co Common Stock 12768T103 160 8,392 SH   SOLE   8,392 0 0
Caterpillar Inc Common Stock 149123101 194 1,808 SH   SOLE   1,808 0 0
Check Point Software Technologies Ltd Common Stock M22465104 79 728 SH   SOLE   728 0 0
Church & Dwight Company Inc. Common Stock 171340102 1,139 21,952 SH   SOLE   21,952 0 0
Cigna Corporation Common Stock 125509109 1,251 7,472 SH   SOLE   7,472 0 0
Cincinnati Financial Corp Common Stock 172062101 422 5,825 SH   SOLE   5,825 0 0
Clorox Company (The) Common Stock 189054109 1,084 8,135 SH   SOLE   8,135 0 0
Coach Inc. Common Stock 189754104 334 7,050 SH   SOLE   7,050 0 0
Coach Inc. Common Stock 189754104 192 4,059 SH   SOLE   4,059 0 0
Coca-Cola Co/The Common Stock 191216100 177 3,952 SH   SOLE   3,952 0 0
Consolidated Edison Inc Common Stock 209115104 438 5,421 SH   SOLE   5,421 0 0
Cummins Inc. Common Stock 231021106 180 1,109 SH   SOLE   1,109 0 0
Darden Restaurants Inc Common Stock 237194105 455 5,031 SH   SOLE   5,031 0 0
Deere & Co Common Stock 244199105 147 1,191 SH   SOLE   1,191 0 0
Denbury 6.375% 8/15/2021 247916AC3 300 500,000 PRN   SOLE   500,000 0 0
Deutsch Bank Ag 7.5% 12/29/2049 251525AN1 410 400,000 PRN   SOLE   400,000 0 0
Diageo PLC Common Stock 25243Q205 1,441 12,025 SH   SOLE   12,025 0 0
Digital Realty Trust Inc Reit 253868103 913 8,083 SH   SOLE   8,083 0 0
Dr Pepper Snapple Group Inc. Common Stock 26138E109 1,020 11,191 SH   SOLE   11,191 0 0
East West Bancorp Inc. Common Stock 27579R104 149 2,550 SH   SOLE   2,550 0 0
Eastman Chemical Co Common Stock 277432100 174 2,076 SH   SOLE   2,076 0 0
Eaton Corp PLC Common Stock G29183103 176 2,262 SH   SOLE   2,262 0 0
Edison International Common Stock 281020107 413 5,288 SH   SOLE   5,288 0 0
Enbridge Energy Partners LP Common Stock 29250R106 355 22,156 SH   SOLE   22,156 0 0
Energen Corporation Common Stock 29265N108 1,258 25,022 SH   SOLE   25,022 0 0
Energizer Holdings Inc. Common Stock 29272W109 944 19,650 SH   SOLE   19,650 0 0
Everest Re Group Ltd Common Stock G3223R108 77 302 SH   SOLE   302 0 0
Express Scripts Holding Co Common Stock 30219G108 1,529 23,564 SH   SOLE   23,564 0 0
Federal Farm Credit Bank 3.17% 04/24/2029 3133EHGJ6 990 1,000,000 PRN   SOLE   1,000,000 0 0
Federated Prime Obligations Common Stock 60934N203 907 1,351,221 SH   SOLE   1,351,221 0 0
FNF Group Common Stock 31620R303 485 10,810 SH   SOLE   10,810 0 0
Fresh Del Monte Produce Inc Common Stock G36738105 144 2,832 SH   SOLE   2,832 0 0
Frontier Communications 11.0% 09/15/2025 35906AAZ1 278 300,000 PRN   SOLE   300,000 0 0
Frontier Communications Corp 9% 8/15/2031 17453BAJ0 514 640,000 PRN   SOLE   640,000 0 0
Garmin Ltd. Common Stock H2906T109 76 1,482 SH   SOLE   1,482 0 0
General Dynamics Corporation Common Stock 369550108 1,160 5,854 SH   SOLE   5,854 0 0
General Electric Corp 6.750 03/15/2032 36962GXZ2 548 400,000 PRN   SOLE   400,000 0 0
General Mills Inc. Common Stock 370334104 158 2,843 SH   SOLE   2,843 0 0
GlaxoSmithKline PLC Common Stock 37733W105 299 6,934 SH   SOLE   6,934 0 0
H&R Block Inc. Common Stock 093671105 514 16,621 SH   SOLE   16,621 0 0
Harley-Davidson, Inc. Common Stock 412822108 72 1,341 SH   SOLE   1,341 0 0
HCA Holdings Inc Common Stock 40412C101 78 895 SH   SOLE   895 0 0
Illinois Tool Works Inc. Common Stock 052308109 79 550 SH   SOLE   550 0 0
Intel Corporation Common Stock 458140100 431 12,765 SH   SOLE   12,765 0 0
Invesco Ltd Common Stock G491BT108 193 5,476 SH   SOLE   5,476 0 0
J2 Global Inc. - Common Stock 48123V102 1,408 16,543 SH   SOLE   16,543 0 0
Johnson & Johnson Common Stock 478160104 466 3,522 SH   SOLE   3,522 0 0
Kellogg Co Common Stock 487836108 983 14,149 SH   SOLE   14,149 0 0
Kimberly-Clark Corporation Common Stock 494368103 1,941 15,030 SH   SOLE   15,030 0 0
L3 Technologies Inc. Common Stock 502413107 465 2,783 SH   SOLE   2,783 0 0
Lam Research Corporation Common Stock 512807108 472 3,336 SH   SOLE   3,336 0 0
Leucadia National Corp 5.5% 10/18/2023 527288BE3 321 300,000 PRN   SOLE   300,000 0 0
Leucadia National Corporation Common Stock 527288104 169 6,452 SH   SOLE   6,452 0 0
Liberty Property Trust Reit 531172104 486 11,948 SH   SOLE   11,948 0 0
Lockheed Martin Corporation Common Stock 539830109 515 1,855 SH   SOLE   1,855 0 0
LyondellBasell Industries NV Common Stock N53745100 155 1,839 SH   SOLE   1,839 0 0
Magellan Midstream Partners, LP Reit 559080106 796 11,174 SH   SOLE   11,174 0 0
Marine Products Corp Common Stock 568427108 603 38,631 SH   SOLE   38,631 0 0
Mcdonald's Corporation Common Stock 580135101 83 540 SH   SOLE   540 0 0
Mdu Resources Group Inc. Common Stock 552690109 1,330 50,775 SH   SOLE   50,775 0 0
Mettler-Toledo International Inc Common Stock 592688105 87 147 SH   SOLE   147 0 0
Monster Beverage Corporation Common Stock 61174X109 84 1,685 SH   SOLE   1,685 0 0
Motorola Solutions Inc. Common Stock 620076307 77 882 SH   SOLE   882 0 0
MSCI Inc. Common Stock 55354G100 78 754 SH   SOLE   754 0 0
MSG Networks Inc. Common Stock 553573106 161 7,184 SH   SOLE   7,184 0 0
Navient Corp Common Stock 78442FER5 328 315,000 SH   SOLE   315,000 0 0
New Residential Investment Corp Common Stock 64828T201 268 17,235 SH   SOLE   17,235 0 0
Norfolk Southern Corporation Common Stock 655844108 1,192 9,794 SH   SOLE   9,794 0 0
Nrg Energy Inc Common Stock 629377BU5 411 400,000 PRN   SOLE   400,000 0 0
NVR, Inc. Common Stock 62944T105 87 36 SH   SOLE   36 0 0
Omega Healthcare Investors Inc. Common Stock 681936100 461 13,961 SH   SOLE   13,961 0 0
O'Reilly Automotive, Inc. Common Stock 67103H107 67 307 SH   SOLE   307 0 0
Ormat Technologies Inc. Common Stock 686688102 1,297 22,103 SH   SOLE   22,103 0 0
Otter Tail Corporation Common Stock 689648103 1,320 33,344 SH   SOLE   33,344 0 0
Parker-Hannifin Corporation Common Stock 701094104 167 1,046 SH   SOLE   1,046 0 0
Pepsico Inc. Common Stock 713448108 435 3,763 SH   SOLE   3,763 0 0
PNM Resources Inc Common Stock 69349H107 173 4,533 SH   SOLE   4,533 0 0
Portland General Electric Co Common Stock 736508847 884 19,358 SH   SOLE   19,358 0 0
Procter & Gamble Company Common Stock 742718109 522 5,994 SH   SOLE   5,994 0 0
Proshares TR Short S&P 500 Common Stock 74347B425 2,831 84,505 SH   SOLE   84,505 0 0
Prospect Capital Corp Common Stock 74348T102 378 46,566 SH   SOLE   46,566 0 0
Pseg Power Llc 8.625% 4/15/2031 69362BAJ1 645 500,000 PRN   SOLE   500,000 0 0
PVH Corp. Common Stock 693656100 86 751 SH   SOLE   751 0 0
Qvc Inc. 4.375% 03/15/2023 747262AK9 303 300,000 PRN   SOLE   300,000 0 0
Qwest Communication 6.875% 9/15/2033 912920AR6 504 500,000 PRN   SOLE   500,000 0 0
Renaissancere Holdings Ltd. Common Stock G7496G103 161 1,160 SH   SOLE   1,160 0 0
Rent-A-Center Inc 6.625% 11/15/2020 76009NAH3 375 400,000 PRN   SOLE   400,000 0 0
Schweitzer-Mauduit International Inc Common Stock 808541106 151 4,050 SH   SOLE   4,050 0 0
Scientific Games Interna 10% 12/01/2022 80874YAU4 439 400,000 PRN   SOLE   400,000 0 0
Select Medical Corporation 6.375% 6/1/2021 816196AQ2 308 300,000 PRN   SOLE   300,000 0 0
Sempra Energy Common Stock 816851109 447 3,963 SH   SOLE   3,963 0 0
Spark New Zealand Limited ADS Common Stock 84652A102 1,216 87,781 SH   SOLE   87,781 0 0
Stanley Black & Decker Inc. Common Stock 854502101 178 1,262 SH   SOLE   1,262 0 0
Starwood Property Trust Inc. Reit 85571B105 456 20,383 SH   SOLE   20,383 0 0
Sturm Ruger & Company Inc. Common Stock 864159108 488 7,852 SH   SOLE   7,852 0 0
Symantec Corporation Common Stock 871503108 68 2,390 SH   SOLE   2,390 0 0
Sysco Corp. Common Stock 871829107 480 9,543 SH   SOLE   9,543 0 0
Target Corp 7.000 07/15/2031 87612EAF3 519 400,000 PRN   SOLE   400,000 0 0
Target Corporation Common Stock 87612E102 71 1,359 SH   SOLE   1,359 0 0
Tenet Healthcare Corp. Common Stock 88033GCE8 318 300,000 PRN   SOLE   300,000 0 0
Terra Nitrogen Co LP Common Stock 881005201 147 1,707 SH   SOLE   1,707 0 0
Teva Pharmaceutical Industries Limited ADS Common Stock 881624209 303 9,110 SH   SOLE   9,110 0 0
The Middleby Corporation Common Stock 596278101 1,235 10,164 SH   SOLE   10,164 0 0
Total System Services Inc. Common Stock 891906109 501 8,605 SH   SOLE   8,605 0 0
Toyota Motor Corp Common Stock 892331307 407 3,876 SH   SOLE   3,876 0 0
Toyota Motor Corp Common Stock 892331307 162 1,544 SH   SOLE   1,544 0 0
Transdigm Group Incorporated Transdigm Group Inc. Common Stock 893641100 1,336 4,969 SH   SOLE   4,969 0 0
Trinseo S.A. Ordinary Shares Common Stock L9340P101 172 2,500 SH   SOLE   2,500 0 0
Tupperware Brands Corp. Common Stock 899896104 327 4,660 SH   SOLE   4,660 0 0
Tyson Foods Inc. Common Stock 902494103 297 4,740 SH   SOLE   4,740 0 0
United Continental Holdings Inc Common Stock 910047109 80 1,069 SH   SOLE   1,069 0 0
United Rentals Inc. Common Stock 911363109 151 1,341 SH   SOLE   1,341 0 0
United Sates Treasury Bond 4.75% 2/15/2041 912810QN1 983 730,000 PRN   SOLE   730,000 0 0
United States Treasury Note/Bond 2.25% 2/15/2027 912828V98 995 1,000,000 PRN   SOLE   1,000,000 0 0
Unitedhealth Group Incorporated Common Stock 91324P102 1,238 6,679 SH   SOLE   6,679 0 0
US Treasury Bond 5.0% 05/15/2037 912810PU6 549 400,000 PRN   SOLE   400,000 0 0
Us Treasury Bond 5.500 08/15/2028 912810FE3 1,007 770,000 PRN   SOLE   770,000 0 0
Us Treasury Bond 6.125 08/15/2029 912810FJ2 1,010 725,000 PRN   SOLE   725,000 0 0
US Treasury Note 2% 2/15/2025 912828J27 986 1,000,000 PRN   SOLE   1,000,000 0 0
Visa Inc. Common Stock 92826C839 78 829 SH   SOLE   829 0 0
Wells Fargo Bk Natl As 5.95% 8/26/2036 94980VAG3 629 500,000 PRN   SOLE   500,000 0 0
West Corporation Common Stock 952355204 160 6,869 SH   SOLE   6,869 0 0
Williams Companies Inc. (The) Common Stock 969457100 1,425 47,046 SH   SOLE   47,046 0 0
Windstream Services Llc 7.75% 10/15/2020 97381WAN4 343 340,000 PRN   SOLE   340,000 0 0
WPP Plc ADS Common Stock 92937A102 162 1,533 SH   SOLE   1,533 0 0
Yum! Brands Inc Common Stock 988498101 85 1,152 SH   SOLE   1,152 0 0
Zions Bancorporation Common Stock 989701107 175 3,994 SH   SOLE   3,994 0 0