Fca 13F-HR Quarterly holdings report by institutional manager

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

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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
1St Century Bancshrs Inc	COM	31943X102	204	18,150	SH		SOLE		0	0	18,150
3M Co	COM	88579Y101	3,037	17,342	SH		SOLE		0	0	17,342
Abb Ltd	ADR	000375204	2,067	104,224	SH		SOLE		0	0	104,224
Aecom Technology	COM	00766T100	270	8,500	SH		DFND		8,500	0	0
Aetna Inc	COM	00817Y108	1,439	11,780	SH		SOLE		0	0	11,780
Alexandria Real	COM	015271109	207	2,000	SH		DFND		2,000	0	0
Allstate Corp	COM	020002101	1,771	25,316	SH		SOLE		0	0	25,316
American Tower-A	COM	03027X100	284	2,500	SH		DFND		2,500	0	0
Amgen Inc	COM	031162100	2,674	17,574	SH		SOLE		0	0	17,574
Apple Inc	COM	037833100	287	3,000	SH		DFND		3,000	0	0
Artesian Resource Corp	COM	043113208	2,506	73,874	SH		SOLE		0	0	73,874
Avalonbay Commun	COM	053484101	243	1,347	SH		DFND		1,347	0	0
Bank Of America Corporation	COM	060505104	239	17,988	SH		SOLE		0	0	17,988
Blackrock Intern L Grth & Inc Common	COM	092524107	2,120	368,740	SH		SOLE		0	0	368,740
Blackrock Muniyield Qty Iii	COM	09254E103	1,215	77,598	SH		SOLE		0	0	77,598
Bok Financial Corp	COM	05561Q201	235	3,751	SH		SOLE		0	0	3,751
Boston Propertie	COM	101121101	330	2,500	SH		DFND		2,500	0	0
Bp Plc-Adr	ADR	055622104	285	8,035	SH		DFND		8,035	0	0
Briggs & Strattn	COM	109043109	212	10,000	SH		DFND		10,000	0	0
Cal-Maine Foods	COM	128030202	301	6,800	SH		DFND		6,800	0	0
Calpine Corp	COM	131347304	295	20,000	SH		DFND		20,000	0	0
Cemex Sab-Sp Adr	ADR	151290889	171	27,669	SH		DFND		27,669	0	0
Chase Corp	COM	16150R104	4,904	83,013	SH		SOLE		0	0	83,013
Cimarex Energy Co	COM	171798101	3,520	29,502	SH		SOLE		0	0	29,502
Coca-Cola Co	COM	191216100	375	8,266	SH		SOLE		0	0	8,266
Compania Cervecerias -Adr	ADR	204429104	336	14,401	SH		DFND		14,401	0	0
Consumer Discret Sel Sect Spdr Etf	COM	81369Y407	2,757	35,317	SH		SOLE		0	0	35,317
Consumer Staples Select Sector Spdr Etf	COM	81369Y308	3,958	71,764	SH		SOLE		0	0	71,764
Csx Corp	COM	126408103	1,602	61,420	SH		SOLE		0	0	61,420
Danaos Corp	COM	Y1968P105	118	43,245	SH		DFND		43,245	0	0
Dentsply Sirona Inc	COM	24906P109	310	5,000	SH		DFND		5,000	0	0
Diageo Plc-Adr	ADR	25243Q205	316	2,800	SH		DFND		2,800	0	0
Duke Energy Corporation	COM	26441C204	207	2,407	SH		SOLE		0	0	2,407
Eastgroup Prop	COM	277276101	207	3,000	SH		DFND		3,000	0	0
Energy Select Sector Spdr Etf	COM	81369Y506	3,017	44,211	SH		SOLE		0	0	44,211
Enterprise Products Partners Lp	COM	293792107	2,269	77,541	SH		SOLE		0	0	77,541
Essex Property	COM	297178105	205	900	SH		DFND		900	0	0
Everest Re Group Ltd	COM	G3223R108	2,338	12,798	SH		SOLE		0	0	12,798
Extra Space Stor	COM	30225T102	472	5,100	SH		DFND		5,100	0	0
Exxon Mobil Corporation	COM	30231G102	3,050	32,536	SH		SOLE		0	0	32,536
First Financial Bankshares Inc	COM	32020R109	226	6,900	SH		SOLE		0	0	6,900
Flowers Foods Inc	COM	343498101	1,431	76,330	SH		SOLE		0	0	76,330
Ford Motor Co	COM	345370860	1,255	99,866	SH		SOLE		0	0	99,866
Gafisa Sa-Adr	ADR	362607301	15	12,000	SH		DFND		12,000	0	0
Genesee & Wyomin	COM	371559105	221	3,750	SH		DFND		3,750	0	0
Georgetown Bancorp, Inc.	COM	372591107	204	10,002	SH		DFND		10,002	0	0
Glaxosmithkl-Adr	ADR	37733W105	282	6,500	SH		DFND		6,500	0	0
Global X Msci Nigeria Etf	COM	37950E424	120	22,200	SH		DFND		22,200	0	0
Global X Msci Nigeria Etf	COM	37950E424	120	22,200	SH		DFND		22,200	0	0
Grupo Aeroportuario - Adr	ADR	40051E202	207	1,300	SH		DFND		1,300	0	0
Grupo Televisa - Adr	ADR	40049J206	391	15,000	SH		DFND		15,000	0	0
Guggenheim Bulletshrs2018 Corp Bd Etf	COM	18383M530	614	28,725	SH		SOLE		0	0	28,725
Guggenheim Bulletshrs2018 Hy Corpbd Etf	COM	18383M381	4,525	182,179	SH		SOLE		0	0	182,179
Guggenheim Bulletshrs2019 Corp Bd Etf	COM	18383M522	3,438	160,406	SH		SOLE		0	0	160,406
Guggenheim Bulletshrs2020 Corp Bd Etf	COM	18383M514	564	25,984	SH		SOLE		0	0	25,984
Guggenheim Bulletshrs2021 Corp Bd Etf	COM	18383M266	3,346	155,490	SH		SOLE		0	0	155,490
Guggenheim S&P 500 Eq Weight Hc Etf	COM	78355W841	3,320	22,012	SH		SOLE		0	0	22,012
Guggenheim S&P 500 Equal Weight Etf	COM	78355W106	3,269	40,687	SH		SOLE		0	0	40,687
Hdfc Bank Ltd - Adr	ADR	40415F101	265	4,000	SH		DFND		4,000	0	0
Ibm	COM	459200101	258	1,700	SH		DFND		1,700	0	0
Ingles Markets Inc	COM	457030104	3,400	91,159	SH		SOLE		0	0	91,159
Invesco Muni Opps. Trust Common	COM	46132C107	1,252	84,021	SH		SOLE		0	0	84,021
Ishares Cali Amt-Free Muni Bond	COM	464288356	453	3,708	SH		SOLE		0	0	3,708
Ishares Cohen & Steers Reit	COM	464287564	3,280	30,310	SH		SOLE		0	0	30,310
Ishares Core S&P Mid-Cap	COM	464287507	3,105	20,782	SH		SOLE		0	0	20,782
Ishares Core Us Aggregate Bond	COM	464287226	499	4,434	SH		SOLE		0	0	4,434
Ishares Floating Rate Bond	COM	46429B655	4,685	92,555	SH		SOLE		0	0	92,555
Ishares Global Healthcare	COM	464287325	2,718	26,911	SH		SOLE		0	0	26,911
Ishares Iboxx $ Invst Grade Crp Bond	COM	464287242	330	2,688	SH		SOLE		0	0	2,688
Ishares Mbs	COM	464288588	351	3,188	SH		SOLE		0	0	3,188
Ishares Msci Eafe	COM	464287465	4,801	86,004	SH		SOLE		0	0	86,004
Ishares Msci Eafe Small-Cap	COM	464288273	2,614	54,159	SH		SOLE		0	0	54,159
Ishares Msci Emu	COM	464286608	1,956	60,615	SH		SOLE		0	0	60,615
Ishares National Amt-Free Muni Bond	COM	464288414	1,265	11,101	SH		SOLE		0	0	11,101
Ishares Russell 1000	COM	464287622	1,114	9,528	SH		SOLE		0	0	9,528
Ishares Russell 2000	COM	464287655	1,121	9,749	SH		SOLE		0	0	9,749
Ishares Russell Mid-Cap	COM	464287499	1,117	6,644	SH		SOLE		0	0	6,644
Ishares Select Dividend	COM	464287168	3,118	36,563	SH		SOLE		0	0	36,563
James Hardie Ind Plc Adr	ADR	47030M106	384	25,000	SH		DFND		25,000	0	0
Jh Financial Opportunities Common	COM	409735206	2,732	106,560	SH		SOLE		0	0	106,560
Johnson & Johnson	COM	478160104	2,573	21,214	SH		SOLE		0	0	21,214
Kroger Co	COM	501044101	368	10,000	SH		DFND		10,000	0	0
Kvh Industries	ADR	482738101	231	30,000	SH		DFND		30,000	0	0
Lennox Intl Inc	COM	526107107	242	1,700	SH		DFND		1,700	0	0
Lifepoint Hospit	COM	53219L109	327	5,000	SH		DFND		5,000	0	0
Lloyds Banking Group Plc	COM	539439109	62	21,000	SH		DFND		21,000	0	0
Lowe S Companies Inc	COM	548661107	3,129	39,519	SH		SOLE		0	0	39,519
Luby'S Inc	COM	549282101	166	32,994	SH		DFND		32,994	0	0
Maiden Holdings Ltd	COM	G5753U112	306	25,000	SH		DFND		25,000	0	0
Market Vectors Africa	COM	92189F866	207	10,340	SH		DFND		10,340	0	0
Market Vectors Africa	COM	92189F866	207	10,340	SH		DFND		10,340	0	0
Marriott International	COM	571903202	335	5,035	SH		DFND		5,035	0	0
Martin Mar Mtls	COM	573284106	275	1,430	SH		DFND		1,430	0	0
Metlife Inc	COM	59156R108	1,395	35,036	SH		SOLE		0	0	35,036
Miller Ind Inc/Tenn	COM	600551204	268	13,000	SH		DFND		13,000	0	0
National Retail	COM	637417106	207	4,000	SH		DFND		4,000	0	0
National Western Life Insurance	COM	638517102	1,991	10,198	SH		SOLE		0	0	10,198
Netapp Inc	COM	64110D104	221	9,000	SH		DFND		9,000	0	0
Nice Systems-Adr	ADR	653656108	351	5,500	SH		DFND		5,500	0	0
Nobilis Health Corp.	COM	65500B103	25	11,200	SH		DFND		11,200	0	0
Norfolk Southern	COM	655844108	298	3,500	SH		DFND		3,500	0	0
Northwestern Corp	COM	668074305	2,344	37,171	SH		SOLE		0	0	37,171
Novartis Ag	ADR	66987V109	2,014	24,408	SH		SOLE		0	0	24,408
Novatel Wireless Inc	COM	66987M604	18	12,000	SH		SOLE		0	0	12,000
Nuveen Intermediate Duration Muni Term	COM	670671106	1,688	119,052	SH		SOLE		0	0	119,052
Pimco Enhanced Short Maturity Etf	COM	72201R833	4,891	48,342	SH		SOLE		0	0	48,342
Procter & Gamble	COM	742718109	296	3,500	SH		DFND		3,500	0	0
Pub Serv Enterp	COM	744573106	373	8,000	SH		DFND		8,000	0	0
Qualcomm Inc	COM	747525103	252	4,698	SH		SOLE		0	0	4,698
Regions Financial Corp	COM	7591EP100	153	18,000	SH		DFND		18,000	0	0
Rgc Resources	COM	74955L103	566	23,310	SH		SOLE		0	0	23,310
Royce Micro Cap Trust Common	COM	780915104	2,235	304,527	SH		SOLE		0	0	304,527
Royce Value Trust Common	COM	780910105	2,954	251,016	SH		SOLE		0	0	251,016
Sba Communications Corp	COM	78388J106	216	2,000	SH		DFND		2,000	0	0
Schwab International Equity Etf	COM	808524805	478	17,648	SH		SOLE		0	0	17,648
Schwab Us Aggregate Bond Etf	COM	808524839	964	17,952	SH		SOLE		0	0	17,952
Schwab Us Mid-Cap Etf	COM	808524508	587	13,963	SH		SOLE		0	0	13,963
Schwab Us Small-Cap Etf	COM	808524607	581	10,754	SH		SOLE		0	0	10,754
Sk Telecom-Adr	ADR	78440P108	314	15,000	SH		DFND		15,000	0	0
Sl Green Realty	COM	78440X101	319	3,000	SH		DFND		3,000	0	0
Southern Co	COM	842587107	2,647	49,363	SH		SOLE		0	0	49,363
Spdr Barclays Short Term Corp Bd Etf	COM	78464A474	4,923	159,941	SH		SOLE		0	0	159,941
Spdr S&P Midcap 400 Etf	COM	78467Y107	387	1,423	SH		SOLE		0	0	1,423
Stryker Corporation	COM	863667101	2,323	19,389	SH		SOLE		0	0	19,389
Thermo Fisher	COM	883556102	296	2,000	SH		DFND		2,000	0	0
Toyota Motor -Spon Adr	ADR	892331307	250	2,500	SH		DFND		2,500	0	0
Twenty-First Century Fox Inc	COM	90130A101	289	10,674	SH		SOLE		0	0	10,674
Tyson Foods Inc	COM	902494103	1,431	21,424	SH		SOLE		0	0	21,424
Udr Inc	COM	902653104	367	9,951	SH		SOLE		0	0	9,951
Unilever Nv-Nys	COM	904784709	422	9,000	SH		DFND		9,000	0	0
United Therapeut	COM	91307C102	291	2,750	SH		DFND		2,750	0	0
Valero Energy	COM	91913Y100	306	6,000	SH		DFND		6,000	0	0
Valmont Industries Inc	COM	920253101	2,908	21,499	SH		SOLE		0	0	21,499
Vanguard Energy Etf	COM	92204A306	203	2,130	SH		SOLE		0	0	2,130
Vanguard Ftse Developed Markets Etf	COM	921943858	3,494	98,820	SH		SOLE		0	0	98,820
Vanguard Ftse Europe Etf	COM	922042874	2,059	44,135	SH		SOLE		0	0	44,135
Vanguard Information Technology Etf	COM	92204A702	3,663	34,204	SH		SOLE		0	0	34,204
Vanguard S&P 500 Etf	COM	922908363	233	1,210	SH		SOLE		0	0	1,210
Vanguard Total Bond Market Etf	COM	921937835	379	4,490	SH		SOLE		0	0	4,490
Ventas Inc	COM	92276F100	200	2,750	SH		DFND		2,750	0	0
Verizon Communic	COM	92343V104	339	6,071	SH		DFND		6,071	0	0
Verizon Communic	COM	92343V104	2,185	39,129	SH		SOLE		0	0	39,129
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,642	185,524	SH		SOLE		0	0	185,524
Voya Financial Inc	COM	929089100	1,272	51,370	SH		SOLE		0	0	51,370
Wells Fargo & Co	COM	949746101	331	7,000	SH		DFND		7,000	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	4,056	238,050	SH		SOLE		0	0	238,050
Western Asset High Income Opp	COM	95766K109	4,181	853,290	SH		SOLE		0	0	853,290
Wgl Holdings Inc	COM	92924F106	3,317	46,851	SH		SOLE		0	0	46,851
Williams Companies Inc	COM	969457100	1,757	81,233	SH		SOLE		0	0	81,233
Wp Carey Inc	COM	92936U109	347	5,000	SH		DFND		5,000	0	0
Wpx Energy Inc	COM	98212B103	214	22,944	SH		SOLE		0	0	22,944