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
Caterpillar Inc COM 149123101 1,283,706 13,839 SH   SOLE 0 13,839 0 0
Central Valley Community Bancorp COM 155685100 511,311 24,942 SH   SOLE 0 24,942 0 0
Chevron COM 166764100 2,042,690 19,025 SH   SOLE 0 19,025 0 0
Choiceone Financial COM 170386106 13,260 576 SH   SOLE 0 576 0 0
Citigroup COM 172967226 202,131 1,375,040 SH   SOLE 0 1,375,040 0 0
Citigroup COM 172967424 566,136 9,464 SH   SOLE 0 9,464 0 0
Citizens Financial Group COM 174610105 569,384 16,480 SH   SOLE 0 16,480 0 0
Citizens Community Bancorp COM 174903104 152,142 10,985 SH   SOLE 0 10,985 0 0
Civista Bancshares COM 178867107 1,526,403 68,881 SH   SOLE 0 68,881 0 0
Coca-Cola COM 191216100 641,099 15,106 SH   SOLE 0 15,106 0 0
Codorus Bancorp COM 192025104 1,003,643 38,736 SH   SOLE 0 38,736 0 0
DCB Financial COM 233075100 142,060 7,827 SH   SOLE 0 7,827 0 0
Walt Disney COM 254687106 1,628,710 14,364 SH   SOLE 0 14,364 0 0
du Pont COM 263534109 1,166,552 14,522 SH   SOLE 0 14,522 0 0
El Pollo Loco Holdings COM 268603107 774,241 64,790 SH   SOLE 0 64,790 0 0
Eastern Virginia Bankshares COM 277196101 1,550,988 147,995 SH   SOLE 0 147,995 0 0
Enterprise Products Partners COM 293792107 3,261,818 118,139 SH   SOLE 0 118,139 0 0
EZCORP COM 302301106 40,465 4,965 SH   SOLE 0 4,965 0 0
FNB Corporation COM 302520101 125,562 8,444 SH   SOLE 0 8,444 0 0
Federal Agricultural Mortgage COM 313148306 23,028 400 SH   SOLE 0 400 0 0
Freddie Mac PREF STK 313400640 800,820 148,300 SH   SOLE 0 148,300 0 0
Fifth Third Bancorp COM 316773100 286,385 11,275 SH   SOLE 0 11,275 0 0
First Bancorp COM 318910106 334,764 11,429 SH   SOLE 0 11,429 0 0
First Bancshares COM 318916103 1,553,748 55,491 SH   SOLE 0 55,491 0 0
First Commonwealth Financial COM 319829107 298,854 22,538 SH   SOLE 0 22,538 0 0
First Community COM 319835104 1,352,780 61,490 SH   SOLE 0 61,490 0 0
Ford COM 345370860 66,515 5,714 SH   SOLE 0 5,714 0 0
FreightCar America COM 357023100 470,902 37,582 SH   SOLE 0 37,582 0 0
General Electric COM 369604103 941,387 31,590 SH   SOLE 0 31,590 0 0
Genesis LP COM 371927104 3,239,666 99,928 SH   SOLE 0 99,928 0 0
Haverty Furniture COM 419596101 995,428 40,880 SH   SOLE 0 40,880 0 0
Hawaiian Holdings COM 419879101 147,711 3,180 SH   SOLE 0 3,180 0 0
Hawthorn Bancshares COM 420476103 393,283 18,639 SH   SOLE 0 18,639 0 0
Holly Energy Partners COM 435763107 3,021,744 84,619 SH   SOLE 0 84,619 0 0
Home Depot COM 437076102 2,131,972 14,520 SH   SOLE 0 14,520 0 0
HopFed Bancorp COM 439734104 310,367 21,681 SH   SOLE 0 21,681 0 0
Independent Bank Corp COM 453838609 1,040,586 50,270 SH   SOLE 0 50,270 0 0
Intel COM 458140100 561,105 15,556 SH   SOLE 0 15,556 0 0
IBM COM 459200101 2,408,008 13,828 SH   SOLE 0 13,828 0 0
iShares TIPS COM 464287176 159,586 1,392 SH   SOLE 0 1,392 0 0
iShares MSCI Emerging Markets COM 464287234 299,955 7,615 SH   SOLE 0 7,615 0 0
iShares DJ US Financial COM 464287788 496,735 4,774 SH   SOLE 0 4,774 0 0
Johnson and Johnson COM 478160104 2,001,394 16,069 SH   SOLE 0 16,069 0 0
Lannett Company COM 516012101 1,017,081 45,507 SH   SOLE 0 45,507 0 0
MDC Holdings COM 552676108 1,039,910 34,606 SH   SOLE 0 34,606 0 0
Magellan Midstream LP COM 559080106 6,532,889 84,942 SH   SOLE 0 84,942 0 0
Martin Midstream LP COM 573331105 39,900 1,995 SH   SOLE 0 1,995 0 0
McDermott International COM 580037109 1,075,633 159,353 SH   SOLE 0 159,353 0 0
McDonald's COM 580135101 1,939,743 14,966 SH   SOLE 0 14,966 0 0
Mercantile Bank COM 587376104 17,230 501 SH   SOLE 0 501 0 0
Microsoft COM 594918104 1,073,593 16,301 SH   SOLE 0 16,301 0 0
MidWest One Financial COM 598511103 350,752 10,229 SH   SOLE 0 10,229 0 0
NMI Holdings COM 629209305 1,651,347 144,855 SH   SOLE 0 144,855 0 0
Nike COM 654106103 765,674 13,739 SH   SOLE 0 13,739 0 0
Old National Bancorp COM 680033107 1,308,255 75,404 SH   SOLE 0 75,404 0 0
Olin COM 680665205 38,937 1,185 SH   SOLE 0 1,185 0 0
ONEOK Inc COM 682680103 4,642,320 83,736 SH   SOLE 0 83,736 0 0
Parke Bancorp COM 700885106 895,334 41,936 SH   SOLE 0 41,936 0 0
Peoples Bancorp COM 710577107 1,151,499 38,771 SH   SOLE 0 38,771 0 0
PetroQuest Energy COM 716748108 6,850 2,500 SH   SOLE 0 2,500 0 0
PetroQuest Energy CONV PREF 716748207 998,935 65,687 SH   SOLE 0 65,687 0 0
Pfizer COM 717081103 672,603 19,661 SH   SOLE 0 19,661 0 0
Philip Morris International COM 718172109 52,138 462 SH   SOLE 0 462 0 0
Phillips 66 Partners COM 718549207 2,674,308 52,080 SH   SOLE 0 52,080 0 0
Pioneer Energy Services COM 723664108 4,860 1,215 SH   SOLE 0 1,215 0 0
Plains All American LP COM 726503105 339,460 10,739 SH   SOLE 0 10,739 0 0
Procter & Gamble COM 742718109 1,384,049 15,404 SH   SOLE 0 15,404 0 0
RAIT Financial COM 749227609 175,360 54,800 SH   SOLE 0 54,800 0 0
Rice Midstream Partners COM 762819100 5,705,975 226,248 SH   SOLE 0 226,248 0 0
A. Schulmann & Co CONV PREF 808194302 1,873,125 2,025 SH   SOLE 0 2,025 0 0
Shell Midstream LP COM 822634101 2,658,105 82,473 SH   SOLE 0 82,473 0 0
Southern First Bancshares COM 842873101 2,099,754 64,311 SH   SOLE 0 64,311 0 0
Southwestern Energy COM 845467109 9,845 1,205 SH   SOLE 0 1,205 0 0
Spartan Motors COM 846819100 16,000 2,000 SH   SOLE 0 2,000 0 0
SunPower COM 867652406 1,440 236 SH   SOLE 0 236 0 0
SunTrust COM 867914103 552,582 9,992 SH   SOLE 0 9,992 0 0
Superior Industries COM 868168105 1,196,867 47,214 SH   SOLE 0 47,214 0 0
SUPERVALU COM 868536103 10,036 2,600 SH   SOLE 0 2,600 0 0
Timberland Bancorp COM 887098101 1,331,053 59,422 SH   SOLE 0 59,422 0 0
Toll Brothers COM 889478103 7,222 200 SH   SOLE 0 200 0 0
Triumph Group COM 896818101 963,179 37,405 SH   SOLE 0 37,405 0 0
Umpqua Holdings COM 904214103 19,514 1,100 SH   SOLE 0 1,100 0 0
Unisys Corp COM 909214306 772,970 55,410 SH   SOLE 0 55,410 0 0
United Bancshares COM 909458101 876,990 42,138 SH   SOLE 0 42,138 0 0
United Technologies COM 913017109 1,536,940 13,697 SH   SOLE 0 13,697 0 0
Wal-Mart COM 931142103 1,033,843 14,343 SH   SOLE 0 14,343 0 0
Williams Companies COM 969457100 6,234,564 210,698 SH   SOLE 0 210,698 0 0
Zions Bancorp COM 989701107 619,332 14,746 SH   SOLE 0 14,746 0 0
Zions Bancorp COM 989701115 258,261 22,438 SH   SOLE 0 22,438 0 0
AK Steel COM 001547108 10,785 1,500 SH   SOLE 0 1,500 0 0
American Airlines COM 001765106 15,920 11,453 SH   SOLE 0 11,453 0 0
A T & T COM 00206r102 202,515 4,874 SH   SOLE 0 4,874 0 0
A E S CONV PREF 00808n202 19,163 375 SH   SOLE 0 375 0 0
Alaska Communications COM 01167p101 1,155,325 624,500 SH   SOLE 0 624,500 0 0
Alaska Communications CONV BOND 01167pae1 4,124,063 3,975,000 PRN   SOLE 0 3,975,000 0 0
Alliance Holdings GP COM 01861g100 3,922,819 143,012 SH   SOLE 0 143,012 0 0
Alliance One Int COM 018772103 2,570 200 SH   SOLE 0 200 0 0
Alliance Resource LP COM 01877r108 71,445 3,300 SH   SOLE 0 3,300 0 0
Altria Group COM 02209s103 60,959 854 SH   SOLE 0 854 0 0
American Airlines COM 02376R102 1,195,821 28,270 SH   SOLE 0 28,270 0 0
American Express COM 025816109 1,086,813 13,738 SH   SOLE 0 13,738 0 0
AmeriServ Financial COM 03074a102 700,382 186,769 SH   SOLE 0 186,769 0 0
Antero Midstream LP COM 03673l103 3,489,261 105,225 SH   SOLE 0 105,225 0 0
Apple COM 037833100 2,087,728 14,532 SH   SOLE 0 14,532 0 0
Arcbest COM 03937c105 792,804 30,492 SH   SOLE 0 30,492 0 0
Archrock Partners COM 03957u100 1,481,543 86,337 SH   SOLE 0 86,337 0 0
Astoria Financial COM 046265104 593,457 28,935 SH   SOLE 0 28,935 0 0
Atlas Air Worldwide CONV BOND 049164BH8 1,957,268 1,845,000 PRN   SOLE 0 1,845,000 0 0
BB&T COM 054937107 64,502 1,443 SH   SOLE 0 1,443 0 0
BNC Bancorp COM 05566t101 17,525 500 SH   SOLE 0 500 0 0
Banc of California COM 05990k106 3,894,236 188,127 SH   SOLE 0 188,127 0 0
Bank of America COM 060505104 958,037 40,612 SH   SOLE 0 40,612 0 0
Bank of America Corp COM 060505153 197,901 215,625 SH   SOLE 0 215,625 0 0
Bank of America CONV PREF 060505682 34,657 29 SH   SOLE 0 29 0 0
Bank of America COM 060506146 203,400 18,000 SH   SOLE 0 18,000 0 0
Banner Corp COM 06652v208 11,144 200 SH   SOLE 0 200 0 0
Barnes & Noble COM 067774109 596,231 64,457 SH   SOLE 0 64,457 0 0
Berkshire Hills Bancorp COM 084680107 187,424 5,199 SH   SOLE 0 5,199 0 0
Blucora Inc CONV BOND 095229AB6 2,033,817 2,020,000 PRN   SOLE 0 2,020,000 0 0
Boardwalk Pipeline Partners COM 096627104 3,662 200 SH   SOLE 0 200 0 0
Boeing COM 097023105 2,603,733 14,722 SH   SOLE 0 14,722 0 0
Broadsoft CONV BOND 11133BAB8 2,187,276 1,950,000 PRN   SOLE 0 1,950,000 0 0
Cenveo COM 15670s105 78,086 15,555 SH   SOLE 0 15,555 0 0
Cenveo CONV BOND 15671BAG6 3,000 3,000 PRN   SOLE 0 3,000 0 0
Cenveo Corp CONV BOND 15671BAJ0 874,879 875,000 PRN   SOLE 0 875,000 0 0
Cisco Systems COM 17275r102 500,341 14,803 SH   SOLE 0 14,803 0 0
Contura Energy COM 21241b100 670,640 10,100 SH   SOLE 0 10,100 0 0
DR Horton COM 23331a109 8,328 250 SH   SOLE 0 250 0 0
Delek Logistics LP COM 24664t103 2,011,520 60,406 SH   SOLE 0 60,406 0 0
EOG Resources COM 26875p101 32,777 336 SH   SOLE 0 336 0 0
Emerge Energy LP COM 29102H108 11,773 850 SH   SOLE 0 850 0 0
Energy Transfer Partners COM 29273R109 152,873 4,186 SH   SOLE 0 4,186 0 0
Energy Transfer Equity COM 29273v100 252,163 12,781 SH   SOLE 0 12,781 0 0
EnLink Midstream LLC COM 29336t100 1,204,315 62,078 SH   SOLE 0 62,078 0 0
EnLink Midstream LP COM 29336u107 4,148,628 226,701 SH   SOLE 0 226,701 0 0
Essa Bancorp COM 29667d104 657,995 45,130 SH   SOLE 0 45,130 0 0
EZCorp Inc CONV BOND 302301AB2 3,454,913 3,730,000 PRN   SOLE 0 3,730,000 0 0
Exxon Mobil COM 30231g102 1,424,268 17,367 SH   SOLE 0 17,367 0 0
1st Constitution Bancorp COM 31986n102 229,088 12,417 SH   SOLE 0 12,417 0 0
First NBC Bank Holding COM 32115d106 183,980 45,995 SH   SOLE 0 45,995 0 0
First Savings Financial COM 33621e109 15,590 320 SH   SOLE 0 320 0 0
First South Bancorp COM 33646W100 894,345 73,730 SH   SOLE 0 73,730 0 0
First United Corp COM 33741h107 898,000 61,931 SH   SOLE 0 61,931 0 0
General Cable CONV BOND 369300al2 1,667,050 2,165,000 PRN   SOLE 0 2,165,000 0 0
Global Eagle Entertainment CONV BOND 37951DAB8 1,062,702 2,110,000 PRN   SOLE 0 2,110,000 0 0
Goldman Sachs COM 38141g104 3,171,514 13,806 SH   SOLE 0 13,806 0 0
Greenbriar CONV BOND 393657AH4 1,915,211 1,487,000 PRN   SOLE 0 1,487,000 0 0
HMN Financial COM 40424g108 902,049 49,975 SH   SOLE 0 49,975 0 0
Homestreet COM 43785u102 592,540 21,200 SH   SOLE 0 21,200 0 0
Horsehead Holdings COM 44069P118 146,311 3,704 SH   SOLE 0 3,704 0 0
Invensense CONV BOND 46123DAB2 792,917 795,000 PRN   SOLE 0 795,000 0 0
Iridium Communications COM 46269c102 1,160,770 120,287 SH   SOLE 0 120,287 0 0
Iridium Communications CONV PREF 46269c409 1,035,000 3,000 SH   SOLE 0 3,000 0 0
Iridium Communications CONV PREF 46269c508 2,098,000 19,471 SH   SOLE 0 19,471 0 0
JPMorgan COM 46625h100 1,570,843 17,883 SH   SOLE 0 17,883 0 0
Jefferies Group CONV BOND 472319ag7 1,381,559 1,367,000 PRN   SOLE 0 1,367,000 0 0
Jones Energy CONV PREF 48019R207 28,950 600 SH   SOLE 0 600 0 0
KB HOME CONV BOND 48666KAS8 2,210,652 2,160,000 PRN   SOLE 0 2,160,000 0 0
Kimball Electronics COM 49428j109 1,424,732 84,055 SH   SOLE 0 84,055 0 0
Kinder Morgan COM 49456b101 714,345 32,859 SH   SOLE 0 32,859 0 0
Kinder Morgan COM 49456b119 17 7,140 SH   SOLE 0 7,140 0 0
LGI Homes COM 50187t106 20,346 600 SH   SOLE 0 600 0 0
MPLX LP COM 55336v100 3,544,001 98,226 SH   SOLE 0 98,226 0 0
Macquarie Infrastructure CONV BOND 55608BAB1 2,391,810 2,440,000 PRN   SOLE 0 2,440,000 0 0
Merck COM 58933y105 983,409 15,477 SH   SOLE 0 15,477 0 0
Meritage Homes COM 59001a102 3,680 100 SH   SOLE 0 100 0 0
MutualFirst Financial COM 62845b104 1,004,096 31,826 SH   SOLE 0 31,826 0 0
NGL Energy Partners COM 62913M107 8,099,833 358,400 SH   SOLE 0 358,400 0 0
Navistar CONV BOND 63934eaq1 1,953,744 2,020,000 PRN   SOLE 0 2,020,000 0 0
Nicolet Bankshares COM 65406e102 924,725 19,675 SH   SOLE 0 19,675 0 0
ONEOK Partners COM 68268N103 26,995 500 SH   SOLE 0 500 0 0
Park Sterling COM 70086y105 2,019 164 SH   SOLE 0 164 0 0
Peoples Financial COM 71103b102 1,185,489 78,770 SH   SOLE 0 78,770 0 0
Plains GP Holdings COM 72651a207 1,850,142 59,186 SH   SOLE 0 59,186 0 0
Premier Financial COM 74050m105 1,396,983 66,428 SH   SOLE 0 66,428 0 0
Prospect Capital CONV BOND 74348TAK8 2,254,188 2,229,000 PRN   SOLE 0 2,229,000 0 0
QCR Holdings COM 74727a104 4,957,859 117,069 SH   SOLE 0 117,069 0 0
QEP Resources COM 74733v100 19,065 1,500 SH   SOLE 0 1,500 0 0
Quidel Corp CONV BOND 74838JAA9 1,916,189 1,870,000 PRN   SOLE 0 1,870,000 0 0
RAIT Financial CONV BOND 749227AB0 583,736 610,000 PRN   SOLE 0 610,000 0 0
Rent-A-Center COM 76009n100 355,244 40,050 SH   SOLE 0 40,050 0 0
Royal Gold CONV BOND 780287AA6 1,198,594 1,135,000 PRN   SOLE 0 1,135,000 0 0
SB Financial Group COM 78408d105 2,800,216 167,477 SH   SOLE 0 167,477 0 0
SPDR S&P 600 Small Cap COM 78464a300 497,657 4,216 SH   SOLE 0 4,216 0 0
SPDR Dow Jones Industrial Average COM 78467x109 8,083,833 39,177 SH   SOLE 0 39,177 0 0
Summit Financial COM 86606g101 2,326,471 108,007 SH   SOLE 0 108,007 0 0
Sunoco Logistics COM 86764l108 7,814 320 SH   SOLE 0 320 0 0
Sunpower CONV BOND 867652AJ8 1,317,050 1,750,000 PRN   SOLE 0 1,750,000 0 0
Sunpower Corp CONV BOND 867652AL3 781,875 1,000,000 PRN   SOLE 0 1,000,000 0 0
Targa Resources COM 87612g101 4,521,411 75,483 SH   SOLE 0 75,483 0 0
Tesoro Logistics COM 88160T107 2,455,889 45,087 SH   SOLE 0 45,087 0 0
3M COM 88579y101 2,645,346 13,826 SH   SOLE 0 13,826 0 0
Titan Machinery CONV BOND 88830RAB7 2,424,894 2,532,000 PRN   SOLE 0 2,532,000 0 0
The Travelers Companies COM 89417e109 1,659,233 13,765 SH   SOLE 0 13,765 0 0
Two River Bancorp COM 90207c105 1,085,213 61,416 SH   SOLE 0 61,416 0 0
United Community Banks COM 90984p303 6,092 220 SH   SOLE 0 220 0 0
UnitedHealth COM 91324p102 2,288,268 13,952 SH   SOLE 0 13,952 0 0
Uniti Group COM 91325v108 856,669 33,140 SH   SOLE 0 33,140 0 0
Verizon COM 92343v104 794,284 16,293 SH   SOLE 0 16,293 0 0
Visa COM 92826c839 1,219,385 13,721 SH   SOLE 0 13,721 0 0
Williams Partners COM 96950f104 60,061 1,471 SH   SOLE 0 1,471 0 0
Wintrust Financial CONV PREF 97650w306 2,423,625 1,405 SH   SOLE 0 1,405 0 0
WPX Energy COM 98212b103 61,991 4,630 SH   SOLE 0 4,630 0 0
Xerium Technologies COM 98416j118 314,435 49,130 SH   SOLE 0 49,130 0 0
Aircastle LTD COM g0129k104 1,762,841 73,056 SH   SOLE 0 73,056 0 0
Bunge Ltd CONV PREF g16962204 2,373,657 22,132 SH   SOLE 0 22,132 0 0
Seagate Technology COM G7945M107 27,558 600 SH   SOLE 0 600 0 0
Genco Shipping COM y2685t123 323 2,155 SH   SOLE 0 2,155 0 0
Genco Shipping & Trading COM y2685t131 198,222 15,857 SH   SOLE 0 15,857 0 0
Navios Maritime Acquisition COM y62159101 18,920 11,000 SH   SOLE 0 11,000 0 0
Navios Maritime Holdings COM y62196103 625,328 334,400 SH   SOLE 0 334,400 0 0
Navios Maritime Partners COM y62267102 16,974 8,200 SH   SOLE 0 8,200 0 0
Teekay LNG COM y8564m105 2,656,386 151,361 SH   SOLE 0 151,361 0 0
Teekay COM y8564w103 1,163,441 127,152 SH   SOLE 0 127,152 0 0
Teekay Offshore COM y8565j101 24,118 4,757 SH   SOLE 0 4,757 0 0
VTTI Energy Partners COM y9384m101 3,583,761 188,619 SH   SOLE 0 188,619 0 0
SemGroup COM 81663a105 86,652 2,407 SH   SOLE 0 2,407 0 0