Equity Holdings	Ticker	% of Net Assets
Apple, Inc.	AAPL	5.0%
Berkshire Hathaway, Inc. (Class B)	BRK/B	4.5%
Alphabet, Inc. (Class C)	GOOG	3.9%
Visa, Inc.	V	3.0%
The Charles Schwab Corp.	SCHW	2.9%
STORE Capital Corp.	STOR	2.9%
FedEx Corp.	FDX	2.9%
Texas Instruments, Inc.	TXN	2.7%
Norfolk Southern Corp.	NSC	2.6%
BlackRock, Inc.	BLK	2.6%
The Home Depot, Inc.	HD	2.5%
Nestle SA	NSRGY	2.5%
Martin Marietta Materials, Inc.	MLM	2.3%
CarMax, Inc.	KMX	2.3%
O'Reilly Automotive, Inc.	ORLY	2.2%
NewMarket Corp.	NEU	2.2%
Air Products & Chemicals, Inc.	APD	2.2%
Altria Group, Inc.	MO	2.2%
Progressive Corp.	PGR	2.1%
Verizon Communications, Inc.	VZ	2.1%
Johnson & Johnson	JNJ	2.0%
Citrix Systems, Inc.	CTXS	1.9%
Cisco Systems, Inc.	CSCO	1.6%
Dollar Tree, Inc.	DLTR	1.6%
Pfizer, Inc.	PFE	1.5%
Fox Corp.	FOXA	1.4%
Lowe's Companies, Inc.	LOW	1.3%
Bristol Myers Squibb	BMY	1.2%
Total as % of Net Assets		67.86%

Fixed Income Holdings	Ticker	% of Net Assets
U.S. Treasury Note/Bond - 1 7/8% (7/31/26)	912828Y95	1.6%
Raymond James Financial, Inc. - 3 5/8% (9/15/26)	754730AE9	1.5%
U.S. Treasury Note/Bond - 2 3/4% (2/15/24)	912828B66	1.4%
Fannie Mae Pool - AU4405	3138X33P5	1.4%
Synovus Financial - 3.125% (11/01/22)	87161CAL9	1.1%
Diamond Finco 1/Finco 2 - 5.45% (6/15/23)	25272KAG8	1.1%
U.S. Treasury Note/Bond - 0 5/8% (3/31/27)	912828ZE3	1.1%
Freddie Mac Gold Pool - Q11129	3132HMHE4	1.0%
U.S. Treasury Note/Bond - 4 1/4% (3/1/27)	00206RDQ2	1.0%
General Motors - 3.7% (5/9/23)	37045XBK1	1.0%
Canadian Natural Resources, Ltd. - 3.9% (2/1/25)	136385AV3	0.9%
Alibaba Group - 3.6% (11/28/24)	01609WAQ5	0.9%
Bristol-Meyers Squibb - 3 5/8% (5/15/24)	110122DB1	0.9%
U.S. Treasury Note/Bond - 1 3/4% (5/15/23)	912828VB3	0.9%
Discover Financial Services - 5.2% (4/27/22)	254709AG3	0.8%
Paypal - 2.85% (10/01/29)	70450YAE3	0.7%
Edwards Lifesciences - 4.3% (6/15/28)	28176EAD0	0.7%
Willis Tower Watson - 3.6% (5/15/24)	970648AF8	0.7%
Raymond James Financial, Inc. - 5 5/8% (4/1/24)	754730AD1	0.7%
Cigna Corporation - 3 1/2% (6/15/24)	30219GAK4	0.6%
Autodesk - 2.85% (01/15/30)	052769AG1	0.6%
U.S. Treasury Note/Bond - 0 5/8% (8/15/30)	91282CAE1	0.6%
Synchrony Financial - 3.95% (12/01/27)	87165BAM5	0.6%
Freddie Mac Gold Pool - Q08238	3132GTPX9	0.5%
U.S. Treasury Note/Bond - 3 1/8% (11/15/28)	9128285M8	0.5%
Huntington Bancshares - 2.55% (02/04/30)	446150AS3	0.5%
AT&T - 3% (10/31/25)	9128285J5	0.4%
Prudential Financial - 3.878% (03/27/28)	74432QCC7	0.4%
General Electric Co. - 3 5/8% (5/1/30)	369604BW2	0.4%
Huntington Bancshares - 4% (5/15/25)	446150AM6	0.4%
Synchrony Financial - 3 3/4% (8/15/21)	87165BAC7	0.3%
Aflac - 3.6% (04/01/30)	001055BJ0	0.3%
Fannie Mae Pool - AB4300	31417AX61	0.3%
Starbux - 4.45% (08/15/49)	855244AU3	0.2%
Ginnie Mae - 2013-24 BD	38378FM72	0.1%
Freddie Mac REMICS - 4322 DJ	3137B8MS3	0.1%
Fannie Mae Pool - 928831	31412L4Q0	0.1%
Fannie Mae REMICS - 2013-52 MD	3136AEJ24	0.1%
Freddie Mac REMICS - 3928 HC	3137AEZ65	0.1%
Fannie Mae REMICS - 2012-16 Y	3136A4RW1	0.1%
Freddie Mac REMICS - 4309 JD	3137B7US6	0.1%
Freddie Mac Gold Pool - G02922	3128M4SK0	0.1%
Fannie Mae REMICS - 2012-22 PA	3136A4AJ8	0.0%
Fannie Mae REMICS - 2010-134 DJ	31398SMH3	0.0%
Freddie Mac REMICS - 3870 NH	3137ABXJ5	0.0%
Freddie Mac REMICS - 4146 ML	3137AXGC1	0.0%
Freddie Mac REMICS - 4016 NL	3137ANAJ4	0.0%
Total as % of Net Assets		26.92%

Preferred Holdings	Ticker	% of Net Assets
CHS, Inc. - 7 1/2%	12542R803	0.1%
Morgan Stanley - 6 3/8%	61761J406	0.1%
State Street Corp. - 5.9%	857477608	0.1%
Huntington Bancshares, Inc. - 6 1/4%	446150708	0.1%
Royal Bank of Scotland - 0% (06/21/13)	020002127	0.1%
First Citizens 5 3/8%	319626305	0.0%
Capital One Financial Corp. - 5.0%	14040H824	0.0%
Fifth Third - 4.95%	316773860	0.0%
TCF Financial Corp. - 5.25%	89832Q745	0.0%
JPMorgan Chase & Co. - 4.75%	48128B622	0.0%
Synchrony Financial - 5.625%	87165B202	0.0%
Wells Fargo & Co. - 6 5/8%	949746465	0.0%
AT&T - 4.75%	00206R706	0.0%
Capital One - 4.8%	14040H782	0.0%
MetLife - 4.75%	59156R850	0.0%
Wells Fargo & Co. - 4.75%	94988U151	0.0%
Regions Financial Corp. - 6 3/8%	7591EP506	0.0%
TCF Financial Corp. - 4.75%	89832Q695	0.0%
Arch Capital Group - 5.45%	03939A107	0.0%
Enbridge, Inc. - 6 3/8%	29250N477	0.0%
KeyCorp - 6 1/8%	493267702	0.0%
American International Group - 5.85%	026874768	0.0%
U.S. Bancorp - 3.5%	902973155	0.0%
Hartford Financial - 6%	416518603	0.0%
Monmouth Real Estate Investment Corp. - 6.125%	609720404	0.0%
Bank of America Corp - 6%	060505229	0.0%
CitiGroup. - 7.125%	172967358	0.0%
Vornado Realty Trust - 5 1/4%	929042828	0.0%
Allstate - 5.1%	020002838	0.0%
Equitable Holdings - 5.25%	29452E200	0.0%
Regions Financial Corp. - 5.7%	7591EP704	0.0%
Chimera Investment Corp. - 8%	16934Q307	0.0%
Annaly Capital Management - 6.95%	035710870	0.0%
SVB Financial Group - 5.25%	78486Q200	0.0%
U.S. Bancorp - 6 1/2%	902973833	0.0%
Citizens Financial Group - 6.35%	174610204	0.0%
Fifth Third Bancorp - 6 5/8%	316773605	0.0%
Goldman Sachs Group, Inc. - 5.5%	38145G308	0.0%
Goldman Sachs Group, Inc. - 6 3/8%	38148B108	0.0%
Axis Capital Holdings - 5.50%	05461T305	0.0%
Kimco Realty Corp. - 5 1/4%	49446R711	0.0%
First Republic Bank - 4.7%	33616C787	0.0%
Citigroup - 6.875%	172967341	0.0%
Bank of America - 5 3/8%	06053U601	0.0%
Aegon NV - 5.1%	00775V104	0.0%
Agilent Technologies. Inc. - 5% (7/15/20)	493267876	0.0%
First Horizon - 6 5/8%	320517501	0.0%
TCF Financial Corp. - 5.7%	872307202	0.0%
Synovus - 5.875%	87161C709	0.0%
Synovus - 6.25%	87161C600	0.0%
Legg Mason, Inc. - 5.45%	524901600	0.0%
Cullen Frost Bankers - 4.45%	229899307	0.0%
Federal Agricultural Mortgage - 5 1/4%	313148843	0.0%
Morgan Stanley - 5.85%	61762V606	0.0%
First Horizon - 6.1%	320517808	0.0%
BancorpSouth Bank - 5.5%	05971J201	0.0%
Chimera Investment Corp. - 8%	16934Q406	0.0%
Ford - 6%	345370837	0.0%
CHS, Inc. - 6 3/4%	12542R704	0.0%
Total as % of Net Assets		1.87%

Cash & Other Holdings	Ticker	% of Net Assets
Cash & Other		3.3%
Total as % of Net Assets		3.30%