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
Vanguard Equity-Income Admiral MFUND 921921300 249 4,328 SH   SOLE   4,328 0 0
iShares Invest Grade Corp Bon COM 46432FAD9 1,658 16,776 SH   SOLE   16,776 0 0
iShares Invest Grade Corp Bon COM 46432FAG2 4,392 45,211 SH   SOLE   45,211 0 0
3M Company COM 88579Y101 18,233 166,738 SH   SOLE   166,738 0 0
Affiliated Managers Group Inc. COM 008252108 1,532 9,342 SH   SOLE   9,342 0 0
Affiliated Managers Group Inc. COM 008252108 67 410 SH   DFND 1 0 410 0
Agrium Inc. COM 008916108 357 4,109 SH   SOLE   4,109 0 0
Air Products & Chemicals Inc. COM 009158106 2,488 27,170 SH   SOLE   27,170 0 0
American Capital Ltd. COM 02503Y103 659 52,051 SH   SOLE   52,051 0 0
American Capital Ltd. COM 02503Y103 1,762 139,032 SH   DFND 1 0 139,032 0
American Express Company COM 025816109 10,840 144,997 SH   SOLE   144,997 0 0
Analog Devices, Inc. COM 032654105 2,737 60,749 SH   SOLE   60,749 0 0
Anglo American Plc ADR COM 03485P201 297 30,836 SH   SOLE   30,836 0 0
Annaly Capital Management Inc. COM 035710409 3 217 SH   SOLE   217 0 0
Annaly Capital Management Inc. COM 035710409 4,456 354,500 SH   DFND 1 0 354,500 0
Apollo Investment Corp. COM 03761U106 856 110,626 SH   SOLE   110,626 0 0
Apollo Investment Corp. COM 03761U106 3,600 465,108 SH   DFND 1 0 465,108 0
Ares Capital Corp. COM 04010L103 21,150 1,229,678 SH   SOLE   1,229,678 0 0
Ares Capital Corp. COM 04010L103 13,615 791,552 SH   DFND 1 0 791,552 0
Ares Commercial Real Estate COM 04013V108 256 20,000 SH   DFND 1 0 20,000 0
Automatic Data Processing, Inc COM 053015103 2,942 42,723 SH   SOLE   42,723 0 0
Bank of Marin (CA) COM 063425102 245 6,133 SH   SOLE   6,133 0 0
Barclays 1-3 Year Treasury Bon COM 464287457 990 11,749 SH   SOLE   11,749 0 0
Barclays 3-7 Year Treasury Bon COM 464288661 774 6,411 SH   SOLE   6,411 0 0
Barclays Capital High Yield Bo COM 78464A417 17,600 445,673 SH   SOLE   445,673 0 0
Barclays Capital High Yield Bo COM 78464A417 987 25,000 SH   DFND 1 0 25,000 0
Barrick Gold Corp. COM 067901108 293 18,617 SH   SOLE   18,617 0 0
Becton, Dickinson and Company COM 075887109 2,833 28,666 SH   SOLE   28,666 0 0
Bed Bath & Beyond Inc COM 075896100 9,046 127,498 SH   SOLE   127,498 0 0
Berkshire Hathaway Inc. - B COM 084670702 9,142 81,680 SH   SOLE   81,680 0 0
Berkshire Hathaway Inc. - Clas COM 084670108 843 5 SH   SOLE   5 0 0
BHP Billiton Limited - ADR COM 088606108 373 6,466 SH   SOLE   6,466 0 0
BlackRock Kelso Capital Corp. COM 092533108 877 93,735 SH   SOLE   93,735 0 0
BlackRock Kelso Capital Corp. COM 092533108 2,007 214,420 SH   DFND 1 0 214,420 0
BP PLC (Adr 1:6) COM 055622104 494 11,830 SH   SOLE   11,830 0 0
Broadridge Financial Solutions COM 11133T103 20,253 761,962 SH   SOLE   761,962 0 0
Brown-Forman Corp. - B COM 115637209 2,825 41,819 SH   SOLE   41,819 0 0
Brown & Brown Inc. COM 115236101 4,952 153,590 SH   SOLE   153,590 0 0
Brown & Brown Inc. COM 115236101 80 2,470 SH   DFND 1 0 2,470 0
C & J Energy Services Inc COM 12467B304 1,005 51,877 SH   SOLE   51,877 0 0
C & J Energy Services Inc COM 12467B304 80 4,135 SH   DFND 1 0 4,135 0
C.H. Robinson Worldwide Inc. COM 12541W209 19,525 346,740 SH   SOLE   346,740 0 0
Cameco Corp. COM 13321L108 348 16,861 SH   SOLE   16,861 0 0
Chevron Corp. COM 166764100 26,296 222,204 SH   SOLE   222,204 0 0
Cimarex Energy Co. COM 171798101 516 7,944 SH   SOLE   7,944 0 0
Colgate-Palmolive Co. COM 194162103 2,846 49,685 SH   SOLE   49,685 0 0
Commerce Bancshares, Inc. COM 200525103 3,015 69,224 SH   SOLE   69,224 0 0
Compass Diversified Holdings COM 20451Q104 3,790 216,200 SH   DFND 1 0 216,200 0
ConocoPhillips COM 20825C104 3,338 55,171 SH   SOLE   55,171 0 0
Consumer Discret Select Sector COM 81369Y407 5,249 93,063 SH   SOLE   93,063 0 0
Consumer Staples Select Sector COM 81369Y308 4,351 109,686 SH   SOLE   109,686 0 0
Contango Oil & Gas Company COM 21075N204 328 9,711 SH   SOLE   9,711 0 0
Cubic Corp COM 229669106 1,032 21,446 SH   SOLE   21,446 0 0
Cubic Corp COM 229669106 78 1,615 SH   DFND 1 0 1,615 0
Cullen Frost Bankers, Inc. COM 229899109 2,735 40,965 SH   SOLE   40,965 0 0
CYS Investments Inc COM 12673A108 6,013 652,880 SH   DFND 1 0 652,880 0
DB US Dollar Index - Powershar COM 73936D107 362 16,033 SH   SOLE   16,033 0 0
Deckers Outdoor Corp. COM 243537107 3,625 71,773 SH   SOLE   71,773 0 0
Deckers Outdoor Corp. COM 243537107 73 1,450 SH   DFND 1 0 1,450 0
Deltic Timber Corp. COM 247850100 321 5,547 SH   SOLE   5,547 0 0
Diageo (Adr 1:4) COM 25243Q205 27,103 235,783 SH   SOLE   235,783 0 0
Discovery Communications, Inc. COM 25470F302 9,350 134,008 SH   SOLE   134,008 0 0
DJ-UBS Commodity Index Total R COM 06738C778 7,475 204,858 SH   SOLE   204,858 0 0
Donaldson Inc COM 257651109 2,445 68,575 SH   SOLE   68,575 0 0
Douglas Dynamics, Inc. COM 25960R105 896 69,004 SH   SOLE   69,004 0 0
Douglas Dynamics, Inc. COM 25960R105 78 6,035 SH   DFND 1 0 6,035 0
Dow Jones US Financial Sector COM 464287788 12,011 167,914 SH   SOLE   167,914 0 0
Dow Jones US Technology - iSha COM 464287721 10,837 147,183 SH   SOLE   147,183 0 0
Dow Jones US Utilities - iShar COM 464287697 2,046 21,629 SH   SOLE   21,629 0 0
Du Pont E.I. De Nemours & Com COM 263534109 19,697 375,180 SH   SOLE   375,180 0 0
Eldorado Gold Corp. COM 284902103 344 55,648 SH   SOLE   55,648 0 0
Emerson Electric Company COM 291011104 25,391 465,554 SH   SOLE   465,554 0 0
Energy Select Sector - SPDR COM 81369Y506 8,390 107,151 SH   SOLE   107,151 0 0
Energy XXI Limited - (Bermuda COM G10082140 322 14,536 SH   SOLE   14,536 0 0
ENI S.p.A. ADS COM 26874R108 333 8,104 SH   SOLE   8,104 0 0
EnPro Industries, Inc. COM 29355X107 2,144 42,231 SH   SOLE   42,231 0 0
EnPro Industries, Inc. COM 29355X107 75 1,480 SH   DFND 1 0 1,480 0
ETFs Platinum Trust COM 26922v101 578 4,411 SH   SOLE   4,411 0 0
Europe Hedged Equity - WisdomT COM 97717X701 262 5,459 SH   SOLE   5,459 0 0
Expeditors International of Wa COM 302130109 9,987 262,545 SH   SOLE   262,545 0 0
Express Scripts Inc. COM 30219G108 10,683 173,028 SH   SOLE   173,028 0 0
Exxon Mobil Corp. COM 30231G102 4,638 51,336 SH   SOLE   51,336 0 0
Fidelity National Financial In COM 31620R105 19,303 810,723 SH   SOLE   810,723 0 0
Fidus Investment Corp. COM 316500107 932 49,815 SH   SOLE   49,815 0 0
Fidus Investment Corp. COM 316500107 1,561 83,451 SH   DFND 1 0 83,451 0
Fifth Street Finance Corp. COM 31678A103 228 21,837 SH   SOLE   21,837 0 0
Fifth Street Finance Corp. COM 31678A103 827 79,094 SH   DFND 1 0 79,094 0
Forward Air Corp. COM 349853101 1,285 33,563 SH   SOLE   33,563 0 0
Forward Air Corp. COM 349853101 82 2,135 SH   DFND 1 0 2,135 0
Franco-Nevada Corp. COM 351858105 335 9,359 SH   SOLE   9,359 0 0
Franklin Electric Co. Inc. COM 353514102 1,111 33,012 SH   SOLE   33,012 0 0
Franklin Electric Co. Inc. COM 353514102 70 2,070 SH   DFND 1 0 2,070 0
Freeport-McMoRan Copper & Gold COM 35671D857 328 11,886 SH   SOLE   11,886 0 0
Full Circle Capital Corp. COM 359671104 545 68,983 SH   SOLE   68,983 0 0
Full Circle Capital Corp. COM 359671104 1,166 147,536 SH   DFND 1 0 147,536 0
General Dynamics Corp. COM 369550108 2,672 34,108 SH   SOLE   34,108 0 0
General Electric Company COM 369604103 362 15,608 SH   SOLE   15,608 0 0
Gladstone Capital Corporation COM 376535100 468 57,335 SH   SOLE   57,335 0 0
Gladstone Capital Corporation COM 376535100 3,437 420,716 SH   DFND 1 0 420,716 0
Gladstone Commercial Corp. COM 376536108 1,173 62,949 SH   SOLE   62,949 0 0
Gladstone Commercial Corp. COM 376536108 81 4,350 SH   DFND 1 0 4,350 0
Gladstone Investment Corp. COM 376546107 799 108,646 SH   SOLE   108,646 0 0
Gladstone Investment Corp. COM 376546107 1,347 183,333 SH   DFND 1 0 183,333 0
GlaxoSmithKline Plc (Adr 1:2) COM 37733W105 22,441 449,090 SH   SOLE   449,090 0 0
Gold Trust - iShares COM 464285105 4,152 346,321 SH   SOLE   346,321 0 0
Golub Capital BDC Inc COM 38173M102 14,096 805,458 SH   SOLE   805,458 0 0
Golub Capital BDC Inc COM 38173M102 9,551 545,793 SH   DFND 1 0 545,793 0
Golub Capital Inc. - 144A COM 38173M995 23 23,433 SH   DFND 1 0 23,433 0
Google Inc. - A COM 38259P508 9,625 10,933 SH   SOLE   10,933 0 0
Graco inc. COM 384109104 18,985 300,351 SH   SOLE   300,351 0 0
Graco inc. COM 384109104 70 1,115 SH   DFND 1 0 1,115 0
Graftech International Ltd. COM 384313102 1,045 143,509 SH   SOLE   143,509 0 0
Graftech International Ltd. COM 384313102 73 10,046 SH   DFND 1 0 10,046 0
Guggenheim BulletShares Invest COM 18383M571 1,147 53,921 SH   SOLE   53,921 0 0
Guggenheim BulletShares Invest COM 18383M563 1,129 51,888 SH   SOLE   51,888 0 0
Guggenheim BulletShares Invest COM 18383M555 1,173 53,145 SH   SOLE   53,145 0 0
Guggenheim BulletShares Invest COM 18383M548 1,708 76,552 SH   SOLE   76,552 0 0
Guggenheim BulletShares Invest COM 18383M530 1,639 79,685 SH   SOLE   79,685 0 0
Guggenheim BulletShares Invest COM 18383M522 1,629 79,870 SH   SOLE   79,870 0 0
Guggenheim BulletShares Invest COM 18383M514 1,613 79,280 SH   SOLE   79,280 0 0
Gulf Coast Ultra Deep Royalty COM 40222T104 391 191,561 SH   SOLE   191,561 0 0
Haemonetics Corporation COM 405024100 1,144 27,673 SH   SOLE   27,673 0 0
Haemonetics Corporation COM 405024100 80 1,940 SH   DFND 1 0 1,940 0
Halliburton Co. COM 406216101 7,177 172,026 SH   SOLE   172,026 0 0
Harvest Capital Credit Corp COM 41753F109 171 11,301 SH   SOLE   11,301 0 0
Harvest Capital Credit Corp COM 41753F109 131 8,699 SH   DFND 1 0 8,699 0
Hatteras Financial Corp. COM 41902R103 4 147 SH   SOLE   147 0 0
Hatteras Financial Corp. COM 41902R103 4,344 176,282 SH   DFND 1 0 176,282 0
Health Care Select Sector - SP COM 81369Y209 7,425 155,951 SH   SOLE   155,951 0 0
Heartland Express, Inc COM 422347104 520 37,445 SH   SOLE   37,445 0 0
Heartland Express, Inc COM 422347104 21 1,520 SH   DFND 1 0 1,520 0
Hercules Technology Growth Cap COM 427096508 1,772 127,146 SH   SOLE   127,146 0 0
Hercules Technology Growth Cap COM 427096508 7,315 524,718 SH   DFND 1 0 524,718 0
High Yield Corporate Bond Fund COM 464288513 17,442 191,920 SH   SOLE   191,920 0 0
Hittite Microwave Corp COM 43365Y104 1,137 19,612 SH   SOLE   19,612 0 0
Hittite Microwave Corp COM 43365Y104 87 1,495 SH   DFND 1 0 1,495 0
Home Depot Inc. COM 437076102 5,186 66,946 SH   SOLE   66,946 0 0
Horizon Technology COM 44045A102 1,504 109,497 SH   SOLE   109,497 0 0
Horizon Technology COM 44045A102 3,060 222,697 SH   DFND 1 0 222,697 0
Illinois Tool Works Inc. COM 452308109 11,159 161,330 SH   SOLE   161,330 0 0
Imperial Oil Ltd. COM 453038408 373 9,758 SH   SOLE   9,758 0 0
Industrial Select Sector - SPD COM 81369Y704 8,045 188,669 SH   SOLE   188,669 0 0
International Business Machine COM 459200101 2,477 12,961 SH   SOLE   12,961 0 0
Iron Mountain COM 462846106 20,319 763,582 SH   SOLE   763,582 0 0
ISE-Revere Natural Gas Index F COM 33734J102 204 12,689 SH   SOLE   12,689 0 0
iShares 7-10 Year Treasury Bon COM 464287440 2,886 28,154 SH   SOLE   28,154 0 0
iShares Barclays 1-3 Year Inve COM 464288646 10,658 101,480 SH   SOLE   101,480 0 0
iShares CMBS Bond ETF COM 46429B366 1,657 32,369 SH   SOLE   32,369 0 0
iShares GNMA Bond ETF COM 46429B333 1,643 33,999 SH   SOLE   33,999 0 0
iShares iBoxx Invest Grade Cor COM 464287242 9,078 79,880 SH   SOLE   79,880 0 0
iShares Intermediate Invest Gr COM 464288638 4,465 41,452 SH   SOLE   41,452 0 0
iShares Invest Grade Corp Bond COM 46432FAK3 2,703 28,249 SH   SOLE   28,249 0 0
iShares Invest Grade Corp Bond COM 46432FAN7 2,642 28,421 SH   SOLE   28,421 0 0
iShares MBS Bond ETF COM 464288588 4,457 42,353 SH   SOLE   42,353 0 0
iShares National AMT-Free Muni COM 464288414 441 4,196 SH   SOLE   4,196 0 0
iShares S&P AMT-Free Municipal COM 464289362 452 8,745 SH   SOLE   8,745 0 0
iShares S&P AMT-Free Municipal COM 464289339 448 8,463 SH   SOLE   8,463 0 0
iShares S&P AMT-Free Municipal COM 464289313 459 8,394 SH   SOLE   8,394 0 0
iShares S&P AMT-Free Municipal COM 464289271 666 12,400 SH   SOLE   12,400 0 0
iShares S&P AMT-Free Municipal COM 46429B580 448 18,010 SH   SOLE   18,010 0 0
Japan Total Divend Fund - Wisd COM 97717W851 264 5,787 SH   SOLE   5,787 0 0
John Wiley & Sons Inc. - A COM 968223206 914 22,789 SH   SOLE   22,789 0 0
John Wiley & Sons Inc. - A COM 968223206 68 1,705 SH   DFND 1 0 1,705 0
Jonhson& Jonhson COM 478160104 32,345 376,717 SH   SOLE   376,717 0 0
JP Morgan Chase & Company COM 46625H100 327 6,195 SH   SOLE   6,195 0 0
KCAP Financial Inc COM 48668E101 868 77,075 SH   SOLE   77,075 0 0
KCAP Financial Inc COM 48668E101 3,271 290,517 SH   DFND 1 0 290,517 0
Kinder Morgan Inc. COM 49456B101 19,986 523,881 SH   SOLE   523,881 0 0
Kohl's Corp. COM 500255104 20,691 409,646 SH   SOLE   409,646 0 0
Kraft Foods Group, Inc. COM 50076Q106 21,905 392,078 SH   SOLE   392,078 0 0
Landauer Inc. COM 51476K103 14,840 307,176 SH   SOLE   307,176 0 0
Landstar System Inc. COM 515098101 3,152 61,195 SH   SOLE   61,195 0 0
Landstar System Inc. COM 515098101 81 1,575 SH   DFND 1 0 1,575 0
Leucadia National Corp. COM 527288104 399 15,221 SH   SOLE   15,221 0 0
Linear Technology Corp COM 535678106 16,528 448,635 SH   SOLE   448,635 0 0
Lockheed Martin Corp COM 539830109 24,198 223,104 SH   SOLE   223,104 0 0
Lowe's Companies Inc. COM 548661107 8,857 216,549 SH   SOLE   216,549 0 0
M&T Bank Corp. COM 55261F104 2,915 26,089 SH   SOLE   26,089 0 0
Main Street Capital Corp. COM 56035L104 893 32,252 SH   SOLE   32,252 0 0
Main Street Capital Corp. COM 56035L104 1,155 41,708 SH   DFND 1 0 41,708 0
Manatuck Hill Mariner Offshore COM 562996983 520 3,380 SH   SOLE   3,380 0 0
Marathon Oil Corp. COM 565849106 2,674 77,319 SH   SOLE   77,319 0 0
Markel Corp. COM 570535104 10,566 20,051 SH   SOLE   20,051 0 0
Martin Marietta Materials Inc. COM 573284106 19,390 197,009 SH   SOLE   197,009 0 0
Mastercard Inc. - A COM 57636Q104 7,766 13,517 SH   SOLE   13,517 0 0
Materials Select Sector - SPDR COM 81369Y100 2,025 52,812 SH   SOLE   52,812 0 0
McDonald's Corp. COM 580135101 2,755 27,827 SH   SOLE   27,827 0 0
MCG Capital Corp. COM 58047P107 1,313 251,960 SH   SOLE   251,960 0 0
MCG Capital Corp. COM 58047P107 2,387 458,100 SH   DFND 1 0 458,100 0
MDU Resources Group Inc. COM 552690109 2,730 105,356 SH   SOLE   105,356 0 0
Medallion Financial Corp COM 583928106 800 57,477 SH   SOLE   57,477 0 0
Medallion Financial Corp COM 583928106 3,628 260,853 SH   DFND 1 0 260,853 0
Medley Capital Corp. COM 58503F106 2,634 193,971 SH   SOLE   193,971 0 0
Medley Capital Corp. COM 58503F106 7,376 543,162 SH   DFND 1 0 543,162 0
Microsoft Corp. COM 594918104 31,813 920,912 SH   SOLE   920,912 0 0
Mohawk Industries Inc. COM 608190104 736 6,545 SH   SOLE   6,545 0 0
Morningstar Inc. COM 617700109 1,220 15,723 SH   SOLE   15,723 0 0
Morningstar Inc. COM 617700109 86 1,105 SH   DFND 1 0 1,105 0
MSCI Brazil Index - iShares COM 464286400 1,676 38,215 SH   SOLE   38,215 0 0
Mueller Industries Inc. COM 624756102 1,112 22,057 SH   SOLE   22,057 0 0
Mueller Industries Inc. COM 624756102 77 1,527 SH   DFND 1 0 1,527 0
Murphy Oil Corp. COM 626717102 361 5,936 SH   SOLE   5,936 0 0
MVC Capital, Inc. COM 553829102 1,254 99,604 SH   SOLE   99,604 0 0
MVC Capital, Inc. COM 553829102 3,418 271,464 SH   DFND 1 0 271,464 0
New Gold, Inc. COM 644535106 366 57,032 SH   SOLE   57,032 0 0
New Jersey Resources Corp. COM 646025106 2,203 53,045 SH   SOLE   53,045 0 0
New Mountain Finance Corp. COM 647551100 3,064 216,353 SH   SOLE   216,353 0 0
New Mountain Finance Corp. COM 647551100 4,095 289,212 SH   DFND 1 0 289,212 0
Newmont Mining Corp. COM 651639106 345 11,519 SH   SOLE   11,519 0 0
NextEra Energy, Inc. COM 65339F101 3,063 37,592 SH   SOLE   37,592 0 0
NGP Capital Ressources Company COM 62912R107 465 75,932 SH   SOLE   75,932 0 0
NGP Capital Ressources Company COM 62912R107 2,047 333,937 SH   DFND 1 0 333,937 0
Nike Inc. - B COM 654106103 2,887 45,339 SH   SOLE   45,339 0 0
Nordstrom Inc. COM 655664100 2,818 47,014 SH   SOLE   47,014 0 0
Novartis AG - ADR COM 66987V109 2,824 39,937 SH   SOLE   39,937 0 0
NXP Semiconductors COM N6596X109 2,649 85,402 SH   SOLE   85,402 0 0
Occidental Petroleum Corp COM 674599105 2,836 31,785 SH   SOLE   31,785 0 0
OFS Capital Corp. COM 67103B100 1,070 89,896 SH   SOLE   89,896 0 0
OFS Capital Corp. COM 67103B100 1,427 119,943 SH   DFND 1 0 119,943 0
Onebeacon Insurance Group Ltd COM G67742109 1,004 69,329 SH   SOLE   69,329 0 0
Onebeacon Insurance Group Ltd COM G67742109 81 5,560 SH   DFND 1 0 5,560 0
Patterson Companies, Inc. COM 703395103 1,757 46,736 SH   SOLE   46,736 0 0
Patterson Companies, Inc. COM 703395103 79 2,090 SH   DFND 1 0 2,090 0
Paychex, Inc. COM 704326107 14,186 388,546 SH   SOLE   388,546 0 0
Peabody Energy Corp. COM 704549104 263 17,987 SH   SOLE   17,987 0 0
PennantPark Floating Rate Capi COM 70806A106 1,539 108,874 SH   SOLE   108,874 0 0
PennantPark Floating Rate Capi COM 70806A106 2,402 169,897 SH   DFND 1 0 169,897 0
PennantPark Investment Corp. COM 708062104 3,030 274,226 SH   SOLE   274,226 0 0
PennantPark Investment Corp. COM 708062104 8,745 791,410 SH   DFND 1 0 791,410 0
Pepco Holdings, Inc. COM 713291102 18,735 929,311 SH   SOLE   929,311 0 0
Pepsico, Inc COM 713448108 26,325 321,861 SH   SOLE   321,861 0 0
Pfizer Inc. COM 717081103 19,888 710,020 SH   SOLE   710,020 0 0
Physical Palladium Shares - ET COM 26923a106 332 5,129 SH   SOLE   5,129 0 0
Piedmont Natural Gas Co. Inc. COM 720186105 2,527 74,896 SH   SOLE   74,896 0 0
PIMCO Intermediate Muni Bond E COM 72201R866 218 4,210 SH   SOLE   4,210 0 0
Pioneer Natural Resources Co. COM 723787107 387 2,672 SH   SOLE   2,672 0 0
Plum Creek Timber Co. Inc. COM 729251108 20,866 447,094 SH   SOLE   447,094 0 0
Potash Corp. of Saskatchewan I COM 73755L107 374 9,821 SH   SOLE   9,821 0 0
Potlatch Corp. COM 737630103 300 7,423 SH   SOLE   7,423 0 0
Praxair Inc. COM 74005P104 21,993 190,975 SH   SOLE   190,975 0 0
Procter & Gamble Company COM 742718109 3,071 39,889 SH   SOLE   39,889 0 0
Progressive Corp. COM 743315103 16,363 643,695 SH   SOLE   643,695 0 0
Prospect Capital Corp COM 74348T102 324 30,026 SH   SOLE   30,026 0 0
Prospect Capital Corp COM 74348T102 132 12,176 SH   DFND 1 0 12,176 0
Rayonier Inc. COM 754907103 21,674 391,302 SH   SOLE   391,302 0 0
Rayonier Inc. COM 754907103 84 1,525 SH   DFND 1 0 1,525 0
REIT Index - Vanguard COM 922908553 32,658 475,234 SH   SOLE   475,234 0 0
Repsol S.A. - ADR COM 76026T205 334 15,784 SH   SOLE   15,784 0 0
Ritchie Brothers Auctioneers I COM 767744105 1,471 76,538 SH   SOLE   76,538 0 0
Ritchie Brothers Auctioneers I COM 767744105 75 3,920 SH   DFND 1 0 3,920 0
RLI Corp. COM 749607107 18,451 241,473 SH   SOLE   241,473 0 0
RLI Corp. COM 749607107 74 968 SH   DFND 1 0 968 0
Royal Dutch Shell PLC - Cl A COM 780259206 544 8,521 SH   SOLE   8,521 0 0
Royal Gold, Inc. COM 780287108 306 7,268 SH   SOLE   7,268 0 0
Russell 2000 Growth Index - iS COM 464287648 4,583 41,103 SH   SOLE   41,103 0 0
Russell 2000 Value Index - iSh COM 464287630 6,571 76,494 SH   SOLE   76,494 0 0
S&P 500 - SPDR COM 78462F103 501 3,124 SH   SOLE   3,124 0 0
S&P 500 Growth Index - iShares COM 464287309 430 5,116 SH   SOLE   5,116 0 0
S&P 500 Value Index - iShares COM 464287408 657 8,665 SH   SOLE   8,665 0 0
Saratoga Investment Corporatio COM 80349A208 247 14,085 SH   DFND 1 0 14,085 0
Sigma-Aldrich Corp COM 826552101 10,037 124,802 SH   SOLE   124,802 0 0
Silver Wheaton Corp. COM 828336107 300 15,276 SH   SOLE   15,276 0 0
SM Energy Company COM 78454L100 361 6,018 SH   SOLE   6,018 0 0
Snyders-Lance Inc COM 833551104 553 19,476 SH   SOLE   19,476 0 0
Snyders-Lance Inc COM 833551104 40 1,421 SH   DFND 1 0 1,421 0
Soc Quimica Y Minera Chile (Ad COM 833635105 315 7,799 SH   SOLE   7,799 0 0
Solar Capital, LTD. COM 83413U100 2,803 121,391 SH   SOLE   121,391 0 0
Solar Capital, LTD. COM 83413U100 5,809 251,597 SH   DFND 1 0 251,597 0
Solar Senior Capital Ltd. COM 83416M105 1,679 91,222 SH   SOLE   91,222 0 0
Solar Senior Capital Ltd. COM 83416M105 1,013 55,050 SH   DFND 1 0 55,050 0
Southern Company COM 842587107 21,910 496,488 SH   SOLE   496,488 0 0
Southwestern Energy Co. COM 845467109 518 14,183 SH   SOLE   14,183 0 0
SPDR Intermediate Term Invest COM 78464A375 4,318 128,574 SH   SOLE   128,574 0 0
SPDR Nuveen Barclays Capital M COM 78464A458 1,285 56,222 SH   SOLE   56,222 0 0
SPDR Nuveen Barclays Capital S COM 78464A425 1,240 51,899 SH   SOLE   51,899 0 0
Stellus Capital Investment COM 858568108 1,404 93,321 SH   SOLE   93,321 0 0
Stellus Capital Investment COM 858568108 1,806 120,026 SH   DFND 1 0 120,026 0
Stryker Corp. COM 863667101 5,284 81,700 SH   SOLE   81,700 0 0
T. Rowe Price Group, Inc. COM 74144T108 2,799 38,234 SH   SOLE   38,234 0 0
TCP Capital Corp COM 87238Q103 1,896 113,033 SH   SOLE   113,033 0 0
TCP Capital Corp COM 87238Q103 5,754 343,105 SH   DFND 1 0 343,105 0
Techne Corp. COM 878377100 1,045 15,129 SH   SOLE   15,129 0 0
Techne Corp. COM 878377100 85 1,235 SH   DFND 1 0 1,235 0
The Clorox Company COM 189054109 2,735 32,901 SH   SOLE   32,901 0 0
The Coca-Cola Company COM 191216100 382 9,519 SH   SOLE   9,519 0 0
The Mosaic Company COM 61945C103 403 7,495 SH   SOLE   7,495 0 0
The Scotts Miracle-Gro Company COM 810186106 870 18,014 SH   SOLE   18,014 0 0
The Scotts Miracle-Gro Company COM 810186106 66 1,360 SH   DFND 1 0 1,360 0
Thermo Fisher Scientific, Inc. COM 883556102 9,845 116,327 SH   SOLE   116,327 0 0
Thermon Group Holdings Inc COM 88362T103 1,145 56,148 SH   SOLE   56,148 0 0
Thermon Group Holdings Inc COM 88362T103 80 3,937 SH   DFND 1 0 3,937 0
THL Credit COM 872438106 3,029 199,412 SH   SOLE   199,412 0 0
THL Credit COM 872438106 7,741 509,618 SH   DFND 1 0 509,618 0
TICC Capital Corp. COM 87244T109 769 79,964 SH   SOLE   79,964 0 0
TICC Capital Corp. COM 87244T109 1,196 124,337 SH   DFND 1 0 124,337 0
TJX Companies COM 872540109 8,727 174,324 SH   SOLE   174,324 0 0
Total SA - ADR COM 89151E109 415 8,531 SH   SOLE   8,531 0 0
Triangle Capital Corp COM 895848109 1,175 42,711 SH   SOLE   42,711 0 0
Triangle Capital Corp COM 895848109 6,179 224,601 SH   DFND 1 0 224,601 0
United Technologies Corp. COM 913017109 10,883 117,094 SH   SOLE   117,094 0 0
Uranium Energy Corp. COM 916896103 174 97,066 SH   SOLE   97,066 0 0
Vanguard Interm Term Corp Bond COM 92206C870 4,446 53,553 SH   SOLE   53,553 0 0
Vanguard MSCI Emerging Markets COM 922042858 8,144 209,927 SH   SOLE   209,927 0 0
Vanguard Short-Term Corp Bond COM 92206C409 2,903 36,694 SH   SOLE   36,694 0 0
Varian Medical Systems Inc. COM 92220P105 604 8,949 SH   SOLE   8,949 0 0
VCA Antech Inc. COM 918194101 1,185 45,401 SH   SOLE   45,401 0 0
VCA Antech Inc. COM 918194101 83 3,195 SH   DFND 1 0 3,195 0
Vocera Communications Inc. COM 92857F107 1,146 77,950 SH   SOLE   77,950 0 0
Vocera Communications Inc. COM 92857F107 77 5,250 SH   DFND 1 0 5,250 0
W.R. Berkley Corp COM 084423102 10,162 248,696 SH   SOLE   248,696 0 0
W.W. Grainger, Inc. COM 384802104 3,324 13,181 SH   SOLE   13,181 0 0
Wal-Mart Stores Inc. COM 931142103 2,739 36,771 SH   SOLE   36,771 0 0
Walter Energy, Inc. COM 93317Q105 126 12,076 SH   SOLE   12,076 0 0
Waters Corp. COM 941848103 10,044 100,391 SH   SOLE   100,391 0 0
Wells Fargo & Company COM 949746101 8,787 212,925 SH   SOLE   212,925 0 0
West Pharmaceutical Services, COM 955306105 1,295 18,433 SH   SOLE   18,433 0 0
West Pharmaceutical Services, COM 955306105 86 1,225 SH   DFND 1 0 1,225 0
Weyerhaeuser Co. COM 962166104 524 18,400 SH   SOLE   18,400 0 0
Willis Group Hldg COM G96666105 19,193 470,658 SH   SOLE   470,658 0 0
Yamana Gold, Inc. COM 98462Y100 347 36,483 SH   SOLE   36,483 0 0
Zebra Technologies Corp. COM 989207105 1,437 33,079 SH   SOLE   33,079 0 0
Zebra Technologies Corp. COM 989207105 72 1,658 SH   DFND 1 0 1,658 0