| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| VERIZON COMM INC 5.150%; 9/15/2023 | 28,789 | 30,209 |
| BANK OF AMERICA 4.125%; 01/22/2024 | 28,754 | 30,136 |
| GOLDMAN SACHS GROUP 4.000%; 03/03/2024 | 21,310 | 22,378 |
| SHELL INTL FINANCE BV 2.875%; 05/10/2026 | 22,859 | 23,935 |
| WELLS FARGO & CO 3.584%; 05/22/2028 | 23,309 | 24,366 |
| CITIGROUP INC 3.668%; 07/24/2028 | 21,095 | 22,232 |
| GENERAL ELECTRIC CO 5.875%; 01/14/2038 | 13,790 | 14,429 |
| ENTERPRISE PRODUCTS OPERATING 5.700%; 02/15/2042 | 11,516 | 13,972 |
| MICROSOFT CORP 4.250%; 02/06/2047 | 29,903 | 33,497 |
| COMCAST CORP, 4.150%; MATURES 10/15/28 | 20,120 | 21,313 |
| JPMORGAN CHASE & CO 4.203%; 07/23/2029 | 28,269 | 31,032 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABB LTD | 9,819 | 11,291 |
| ADTALEM GLOBAL EDUCATION | 3,438 | 3,123 |
| ALLERGAN PLC | 67,834 | 66,979 |
| ALLIANZ SE | 8,560 | 12,853 |
| AMC NETWORKS | 12,301 | 9,635 |
| AMERICAN AIRLS GROUP | 9,363 | 6,662 |
| AMERIPRISE FINCL INC | 11,622 | 17,064 |
| AMGEN INC | 13,875 | 15,481 |
| ANGIODYNAMICS INC | 1,458 | 1,474 |
| ASE TECHNOLOGY HLDG CO | 12,157 | 12,140 |
| ASTRAZENECA PLC | 4,752 | 7,176 |
| AT&T INC | 32,442 | 35,570 |
| AUTODESK INC DELAWARE | 15,957 | 35,891 |
| BAE SYS PLC SPON ADR | 11,624 | 11,558 |
| BANC OF CALIFORNIA | 2,307 | 2,079 |
| BANNER CORP COM | 2,249 | 2,696 |
| BCE INC | 9,679 | 10,989 |
| BERKSHIRE HILLS BANCORP | 1,560 | 1,728 |
| BIOGEN INC COM | 59,939 | 55,178 |
| BNP PARIBAS | 9,545 | 9,538 |
| BOC HONG KONG | 6,451 | 5,410 |
| BP PLC | 21,407 | 23,554 |
| BRANDYWINE REALTY TR | 2,995 | 3,030 |
| BRITISH AMER TOB | 12,855 | 9,077 |
| BROADCOM INC | 42,576 | 61,564 |
| CAPITAL ONE FINANCIAL | 13,674 | 18,924 |
| CARPENTER TECHNOLOGY | 1,815 | 2,996 |
| CATERPILLAR INC | 20,387 | 18,315 |
| CHEVRON CORP | 6,845 | 8,421 |
| CHINA PETE & CHEM CP | 11,269 | 8,277 |
| CISCO SYS INC | 6,884 | 10,821 |
| CITIGROUP INC | 33,586 | 42,415 |
| CITIZENS FINANCIAL GROUP | 20,837 | 23,026 |
| CITRIX SYSTEMS INC | 12,830 | 23,165 |
| COLUMBUS MCKINNON CORP | 2,607 | 3,169 |
| COMCAST CORP | 53,859 | 97,057 |
| COWEN INC | 2,078 | 2,262 |
| CREE RESEARCH INC | 12,552 | 21,266 |
| CVS HEALTH CORP | 25,620 | 23,084 |
| DAIMLER AG | 8,934 | 6,212 |
| DEUTSCHE TELEKOM AG | 10,188 | 10,227 |
| DIAGEO PLC | 9,165 | 13,899 |
| DIAMOND ROCK HOSPITALITY CO | 2,884 | 3,198 |
| DISCOVERY INC | 15,116 | 15,632 |
| DOLBY CLA | 12,955 | 21,396 |
| EAGLE PHARMACEUTICALS INC | 2,470 | 3,055 |
| EATON CORP PLC | 10,598 | 14,052 |
| ENCORE WIRE CORP | 2,529 | 2,927 |
| ENGIE SPONS | 7,104 | 7,200 |
| EXELON CORP | 17,868 | 24,010 |
| FIRST FINCL | 1,565 | 2,031 |
| FIRST INTERNET BANCORP | 2,243 | 1,734 |
| FLUOR CORP | 40,694 | 18,556 |
| FRANKLIN FINL NETWORK | 1,797 | 1,813 |
| FREEPORT-MCMORAN | 11,223 | 26,078 |
| GCI LIBERTY INC | 3,446 | 5,400 |
| GENERAL MTRS CO | 20,901 | 19,864 |
| GLAXOSMITHKLINE PLC | 12,296 | 13,359 |
| GOLDMAN SACHS | 13,474 | 18,236 |
| GRANITE CONSTR INC | 4,863 | 4,177 |
| GREENHILL & CO INC | 2,388 | 1,548 |
| HARTFORD FIN SERS GRP INC | 12,312 | 15,456 |
| HAYNES INTL INC | 2,230 | 2,867 |
| HCI GROUP INC | 2,885 | 2,985 |
| HERITAGE INS HLDGS INC | 2,699 | 2,676 |
| HOMESTREET INC | 1,812 | 2,431 |
| HONDA MOTOR COMPANY | 11,313 | 10,667 |
| HOPE BANCORP, INC | 2,420 | 2,337 |
| HSBC HOLDINGS PLC | 6,231 | 7,156 |
| HUNTSMAN CORP | 9,114 | 7,466 |
| II VI INC(IIVI) | 2,349 | 2,465 |
| IMMUNOGEN INC | 10,729 | 3,560 |
| IMPERIAL BRANDS PLC | 14,416 | 7,368 |
| IONIS PHARMACEUTICALS | 24,962 | 33,130 |
| JABIL CIRCUIT INC | 5,156 | 9,193 |
| JOHNSON&JOHNSON | 22,193 | 23,159 |
| JOHNSON CTLS INTL | 43,966 | 56,881 |
| JPMORGAN CHASE & CO | 24,599 | 49,665 |
| KELLY SVCS | 1,522 | 1,744 |
| KEYCORP | 8,204 | 12,524 |
| KIMCO REALTY CORP | 15,062 | 15,848 |
| KROGER CO | 17,558 | 17,582 |
| L 3 TECHNOLOGIES INC | 20,706 | 51,117 |
| LAM RESEARCH CORPORATION | 4,654 | 13,867 |
| LEAR CORP | 8,059 | 9,314 |
| LEXINGTON REALTY TRUST | 3,634 | 3,680 |
| LIBERTY BROADBAND CORP S-A | 1,525 | 3,031 |
| LIBERTY BROADBAND CORP S-C | 2,470 | 5,338 |
| LIBERTY MEDIA C SER A SIRIUSXM | 3,998 | 5,736 |
| LIBERTY MEDIA C SER C SIRIUSXM | 7,975 | 11,917 |
| LIBERTY MEDIA CORP SER A | 706 | 1,306 |
| LIBERTY MEDIA CORP SER C | 1,231 | 2,579 |
| LIONS GATE ENTMNT CORP | 6,767 | 3,173 |
| LLOYDS BANKING GROUP PLC | 10,080 | 7,590 |
| LOGMEIN INC | 4,938 | 4,258 |
| LYONDELLBASELL | 19,839 | 19,593 |
| MANULIFE FINANCIAL CORP | 7,555 | 10,208 |
| MARATHON PETROLEUM CORP | 12,544 | 18,407 |
| MATRIX SERVICE CO | 1,746 | 1,765 |
| MEDTRONIC PLC | 26,519 | 35,302 |
| MEREDITH CORPORATION | 3,439 | 2,310 |
| META FNCL GRP INC | 2,909 | 3,848 |
| MICHELIN COMPAGNIE GENERALE | 9,465 | 11,879 |
| MMC NORILSK NICKL PJSC | 6,504 | 9,878 |
| MOTORCAR PARTS OF AMERICA INC | 4,122 | 3,431 |
| MUENCHENER RUECK-UNSPONS | 10,054 | 12,871 |
| NATIONAL OIL WELL VARCO INC | 22,857 | 16,875 |
| NESTLE SPON ADR | 13,481 | 20,704 |
| NEWPARK RES | 2,778 | 2,644 |
| NIPPON TELEGRAPH & TELEPHONE | 11,482 | 12,739 |
| NN GROUP NV ADR | 10,042 | 9,404 |
| NOVARTIS AG ADR | 10,342 | 14,078 |
| NOW INC | 11,678 | 10,346 |
| NUANCE COMMUNICATIONS INC | 15,418 | 15,935 |
| NUCOR CORPORATION | 20,347 | 28,357 |
| OCEAN FIRST FINANCIAL CORP | 2,595 | 2,384 |
| OCEANEERING INTL INC | 4,518 | 3,997 |
| OLD NATL BANCORP | 1,824 | 2,546 |
| ORKLA ADR | 1,789 | 1,960 |
| PATTERSON COMPANIES INC | 2,569 | 2,138 |
| PENTAIR | 11,199 | 12,323 |
| PFIZER INC | 38,111 | 35,391 |
| PHILIP MORRIS INTL INC | 26,769 | 25,892 |
| PORTLAND GENERAL ELEC | 3,050 | 3,664 |
| PPL CORPORATION | 21,057 | 20,941 |
| PROLOGIS INC | 6,493 | 8,522 |
| PRUDENTIAL FINANCIAL INC | 12,864 | 15,561 |
| PUBLIC SERVICE ENTERPRISE GP | 8,689 | 11,671 |
| QURATE RETAIL INC | 24,445 | 10,934 |
| ROCHE HOLDINGS | 13,062 | 14,835 |
| ROYAL DUTCH SHELL PLC | 35,963 | 35,042 |
| SANOFI ADR | 7,969 | 9,173 |
| SEAGATE TECHNOLOGY PLC | 28,285 | 50,294 |
| SIEMENS AKTIENGESELLSCHAFT | 8,322 | 9,806 |
| SINGAPORE TELECOM LTD | 3,620 | 3,148 |
| SMITHS GROUP PLC | 8,532 | 11,430 |
| SMURFIT KAPPA GROUP | 12,561 | 13,398 |
| SONIC HEALTHCARE LTD | 8,536 | 12,665 |
| SOUTHWESTERN ENERGY COMPANY | 2,099 | 1,027 |
| SPOK HLDGS INC | 2,232 | 1,755 |
| TARGET CORPORATION | 9,668 | 18,816 |
| TE CONNECTIVITY LTD | 27,372 | 45,938 |
| TOTAL S A SPON ADR | 8,264 | 10,036 |
| TOWER SEMICONDUCTOR LTD | 3,584 | 3,882 |
| TWITTER INC | 23,096 | 55,661 |
| TYSON FOODS INC | 15,690 | 22,224 |
| U S BANCORP | 9,978 | 9,851 |
| UBS GROUP AG | 12,250 | 8,573 |
| UNILEVER NV NY | 8,379 | 11,946 |
| UNITED TECHNOLOGIES CORP | 18,587 | 21,434 |
| UNITEDHEALTH GP INC | 24,360 | 59,328 |
| UNITIL CORP | 4,051 | 5,139 |
| UNIVERSAL ELECTRONICS INC | 1,331 | 2,799 |
| UNUMPROVIDENT CORP | 10,400 | 10,848 |
| UTD OVERSEAS BK LTD SPON | 7,968 | 11,864 |
| VAREX IMAGING CORP | 1,885 | 2,284 |
| VEREIT, INC. | 9,800 | 11,423 |
| VERIZON COMMUNICATIONS | 24,538 | 29,214 |
| VERMILION ENERGY INC | 10,927 | 5,447 |
| VERTEX PHARMACEUTICALS | 22,976 | 35,748 |
| WELLTOWER INC | 10,098 | 15,682 |
| WESTERN DIGITAL CORPORATION | 27,628 | 37,036 |
| ZURICH INSURANCE GRP LTD ADR | 10,774 | 16,892 |
| TELEFONICA BRASILSA SPON ADR | 11,766 | 11,181 |
| AECOM | 8,521 | 9,240 |
| AES | 14,962 | 16,079 |
| ALBEMARLE CORPORATION | 12,781 | 13,487 |
| ALEXANDER & BALDWIN INC | 3,600 | 3,824 |
| ALLY FINANCIAL INC | 11,946 | 12,866 |
| ALTRIA GROUP INC | 23,450 | 19,877 |
| AMERICAN EAGLE OUTFITTERS | 3,637 | 3,455 |
| APPLIED IND TECH | 2,697 | 2,726 |
| AVISTA CORP | 2,544 | 2,906 |
| BEST BUY CO | 6,084 | 8,210 |
| COMMUNITY HEALTHCARE TR INC | 2,046 | 3,163 |
| DELTA AIR LINES INC | 13,936 | 13,882 |
| ESSENTIAL PROPERTIES REALTY | 1,824 | 3,024 |
| EZCORP INC | 2,511 | 1,530 |
| FIREEYE INC | 15,321 | 14,314 |
| GILEAD SCIENCE | 21,444 | 20,535 |
| IBERDROLA SA SPON ADR | 13,464 | 16,919 |
| KEMET CORPORATION | 3,022 | 3,018 |
| MYRIAD GENETIC INC | 1,968 | 1,804 |
| OCCIDENTAL PETROLEUM CORP | 14,078 | 13,519 |
| OTTER TAIL CORP | 2,532 | 2,795 |
| PLANTRONICS INC | 3,068 | 2,239 |
| PRESTIGE CONSMR HEALTHCARE | 1,739 | 2,081 |
| PVH CORPORATION | 6,040 | 5,823 |
| SANDERSON FARMS | 2,397 | 3,632 |
| SIERRA WIRELESS INC | 2,515 | 1,766 |
| SILICON MOTION TECH CORP ADR | 2,371 | 2,227 |
| SYNOVUS FINANCIAL CORP | 14,916 | 15,019 |
| TOYOTA MOTOR CP ADR | 9,352 | 9,549 |
| UNILEVER PLC (NEW) ADS | 10,097 | 9,556 |
| UNITED INS HLDGS CORP | 2,424 | 2,085 |
| UPM KYMMENE CORP ADR | 10,114 | 11,841 |
| WESCO INTL INC | 3,809 | 3,869 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CALAMOS MARKET NEUTRAL INC | AT COST | 212,270 | 227,666 |
| INVESCO DEVELOPING MARKETS | AT COST | 163,296 | 251,565 |
| INVESCO INTL SMLL-MID CO | AT COST | 183,221 | 244,488 |
| WESTERN ASSET SMASH SERIES C | AT COST | 106,388 | 111,803 |
| WESTERN ASSET SMASH SERIES EC | AT COST | 273,604 | 290,359 |
| WESTERN ASSET SMASH SERIES M | AT COST | 316,931 | 328,630 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MANAGEMENT/ADVISORY FEES | 42,444 | 42,444 | 0 | |
| INVESTMENT FEES | 552 | 552 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAX | 3,295 | 0 | 0 |