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
3M Co	COM	88579Y101	3,708	17,811	SH		SOLE		0	0	17,811
Aetna Inc	COM	00817Y108	1,857	12,230	SH		SOLE		0	0	12,230
Alexandria Real	COM	015271109	223	1,850	SH		DFND		1,850	0	0
Allstate Corp	COM	020002101	2,211	25,002	SH		SOLE		0	0	25,002
American Tower	COM	03027X100	331	2,500	SH		DFND		2,500	0	0
Amgen Inc	COM	031162100	3,155	18,316	SH		SOLE		0	0	18,316
Annaly Capital Management	COM	035710409	163	13,500	SH		DFND		13,500	0	0
Apple Inc	COM	037833100	257	1,782	SH		SOLE		0	0	1,782
Artesian Resource Corp	COM	043113208	3,116	82,774	SH		SOLE		0	0	82,774
Astrazeneca-Adr	ADR	046353108	273	8,000	SH		DFND		8,000	0	0
Avalonbay Communities	COM	053484101	250	1,300	SH		DFND		1,300	0	0
Bank Of America Corporation	COM	060505104	478	19,688	SH		SOLE		0	0	19,688
Blackrock Intern L Grth & Inc Common	COM	092524107	2,896	461,203	SH		SOLE		0	0	461,203
Blackrock Muniyield Qty Iii	COM	09254E103	1,144	80,022	SH		SOLE		0	0	80,022
Blue Capital Reisurance	COM	G1190F107	256	14,000	SH		DFND		14,000	0	0
Bok Financial Corp	COM	05561Q201	316	3,751	SH		SOLE		0	0	3,751
Boston Properties	COM	101121101	301	2,450	SH		DFND		2,450	0	0
Bp Plc-Adr	ADR	055622104	575	16,599	SH		DFND		16,599	0	0
Briggs & Strattn	COM	109043109	241	10,000	SH		DFND		10,000	0	0
Cemex Sab-Sp Adr	ADR	151290889	271	28,775	SH		DFND		28,775	0	0
Chase Corp	COM	16150R104	6,362	59,628	SH		SOLE		0	0	59,628
Chevron Corp	COM	166764100	261	2,500	SH		DFND		2,500	0	0
Cimarex Energy Co	COM	171798101	2,727	29,005	SH		SOLE		0	0	29,005
Coca-Cola Co	COM	191216100	361	8,052	SH		SOLE		0	0	8,052
Compania Cervecerias -Adr	ADR	204429104	378	14,401	SH		DFND		14,401	0	0
Consumer Discret Sel Sect Spdr Etf	COM	81369Y407	3,659	40,821	SH		SOLE		0	0	40,821
Consumer Staples Select Sector Spdr Etf	COM	81369Y308	3,497	63,652	SH		SOLE		0	0	63,652
Covanta Holding Corp	COM	22282E102	1,966	148,960	SH		SOLE		0	0	148,960
Crown Castle Int	COM	22822V101	200	2,000	SH		DFND		2,000	0	0
Csx Corp	COM	126408103	3,781	69,301	SH		SOLE		0	0	69,301
Cvs Health Corp	COM	126650100	1,258	15,639	SH		SOLE		0	0	15,639
Dentsply Sirona Inc	COM	24906P109	324	5,000	SH		DFND		5,000	0	0
Diageo Plc-Adr	ADR	25243Q205	336	2,800	SH		DFND		2,800	0	0
Eastgroup Prop	COM	277276101	251	3,000	SH		DFND		3,000	0	0
Energy Select Sector Spdr Etf	COM	81369Y506	2,856	43,995	SH		SOLE		0	0	43,995
Enterprise Products Partners Lp	COM	293792107	2,043	75,459	SH		SOLE		0	0	75,459
Essex Property	COM	297178105	232	900	SH		DFND		900	0	0
Everest Re Group Ltd	COM	G3223R108	3,139	12,331	SH		SOLE		0	0	12,331
Extra Space Stor	COM	30225T102	398	5,100	SH		DFND		5,100	0	0
Exxon Mobil Corporation	COM	30231G102	2,466	30,543	SH		SOLE		0	0	30,543
First Financial Bankshares Inc	COM	32020R109	213	4,828	SH		SOLE		0	0	4,828
Flowers Foods Inc	COM	343498101	1,345	77,717	SH		SOLE		0	0	77,717
Glaxosmithkl-Adr	ADR	37733W105	280	6,500	SH		DFND		6,500	0	0
Goldman Sachs Activebeta Intl Eq Etf	COM	381430107	3,968	143,351	SH		SOLE		0	0	143,351
Grupo Aeroportuario - Adr	ADR	40051E202	274	1,300	SH		DFND		1,300	0	0
Grupo Televisa - Adr	ADR	40049J206	366	15,000	SH		DFND		15,000	0	0
Guggenheim Bulletshrs 2022 Corp Bd Etf	COM	18383M258	501	23,481	SH		SOLE		0	0	23,481
Guggenheim Bulletshrs 2018 Corp Bd Etf	COM	18383M530	555	26,107	SH		SOLE		0	0	26,107
Guggenheim Bulletshrs 2018 Hy Corpbd Etf	COM	18383M381	4,925	193,988	SH		SOLE		0	0	193,988
Guggenheim Bulletshrs 2019 Corp Bd Etf	COM	18383M522	3,884	182,695	SH		SOLE		0	0	182,695
Guggenheim Bulletshrs 2020 Corp Bd Etf	COM	18383M514	4,056	188,847	SH		SOLE		0	0	188,847
Guggenheim Bulletshrs 2021 Corp Bd Etf	COM	18383M266	3,845	180,503	SH		SOLE		0	0	180,503
Guggenheim China	COM	18383Q861	214	8,500	SH		DFND		8,500	0	0
Guggenheim S&P 500 Eq Weight Hc Etf	COM	78355W841	4,095	23,529	SH		SOLE		0	0	23,529
Guggenheim S&P 500 Equal Weight Etf	COM	78355W106	2,237	24,142	SH		SOLE		0	0	24,142
Halliburton Co	COM	406216101	256	6,000	SH		DFND		6,000	0	0
Hdfc Bank Ltd - Adr	ADR	40415F101	348	4,000	SH		DFND		4,000	0	0
Ingles Markets Inc	COM	457030104	2,883	86,587	SH		SOLE		0	0	86,587
Inseego Corp	COM	149123101	15	12,000	SH		SOLE		0	0	12,000
Intercontinental Hotels	COM	45857P707	240	4,319	SH		DFND		4,319	0	0
International Business Machines Corp	COM	459200101	218	1,417	SH		SOLE		0	0	1,417
Invesco Muni Opps. Trust Common	COM	46132C107	1,158	88,467	SH		SOLE		0	0	88,467
Ishares 0-5 Year High Yield Corp Bd	COM	46434V407	2,153	44,990	SH		SOLE		0	0	44,990
Ishares Cali Amt-Free Muni Bond	COM	464288356	487	4,138	SH		SOLE		0	0	4,138
Ishares Cohen & Steers Reit	COM	464287564	3,204	31,686	SH		SOLE		0	0	31,686
Ishares Core S&P Mid-Cap	COM	464287507	3,748	21,547	SH		SOLE		0	0	21,547
Ishares Core Us Aggregate Bond	COM	464287226	580	5,297	SH		SOLE		0	0	5,297
Ishares Floating Rate Bond	COM	46429B655	4,986	97,915	SH		SOLE		0	0	97,915
Ishares Global Healthcare	COM	464287325	3,183	29,113	SH		SOLE		0	0	29,113
Ishares Iboxx $ Invst Grade Crp Bond	COM	464287242	441	3,658	SH		SOLE		0	0	3,658
Ishares Mbs	COM	464288588	406	3,802	SH		SOLE		0	0	3,802
Ishares Msci Eafe	COM	464287465	2,050	31,436	SH		SOLE		0	0	31,436
Ishares Msci Eafe Small-Cap	COM	464288273	3,718	64,274	SH		SOLE		0	0	64,274
Ishares Msci Emu	COM	464286608	3,087	76,557	SH		SOLE		0	0	76,557
Ishares Msci Uk Etf	COM	46435G334	250	7,500	SH		DFND		7,500	0	0
Ishares National Amt-Free Muni Bond	COM	464288414	1,262	11,456	SH		SOLE		0	0	11,456
Ishares Russell 1000	COM	464287622	1,412	10,439	SH		SOLE		0	0	10,439
Ishares Russell 2000	COM	464287655	1,453	10,312	SH		SOLE		0	0	10,312
Ishares Russell Mid-Cap	COM	464287499	1,400	7,288	SH		SOLE		0	0	7,288
Ishares Select Dividend	COM	464287168	3,410	36,985	SH		SOLE		0	0	36,985
James Hardie Ind Plc Adr	ADR	47030M106	394	25,000	SH		DFND		25,000	0	0
Jh Financial Opportunities Common	COM	409735206	3,882	107,736	SH		SOLE		0	0	107,736
Jhancock Multifactor Large Cap Etf	COM	47804J107	264	8,344	SH		SOLE		0	0	8,344
Johnson & Johnson	COM	478160104	2,707	20,466	SH		SOLE		0	0	20,466
Kvh Industries	COM	482738101	285	30,000	SH		DFND		30,000	0	0
Lennox Intl Inc	COM	526107107	312	1,700	SH		DFND		1,700	0	0
Lifepoint Hospit	COM	53219L109	336	5,000	SH		DFND		5,000	0	0
Lowe S Companies Inc	COM	548661107	3,051	39,352	SH		SOLE		0	0	39,352
Lowe'S Cos Inc	COM	548661107	202	2,600	SH		DFND		2,600	0	0
Luby'S Inc	COM	549282101	93	32,994	SH		DFND		32,994	0	0
Maiden Holdings Ltd	COM	G5753U112	222	20,000	SH		DFND		20,000	0	0
Market Vectors Africa	COM	92189F866	223	10,340	SH		DFND		10,340	0	0
Metlife Inc	COM	59156R108	1,952	35,535	SH		SOLE		0	0	35,535
Miller Ind Inc/Tenn	COM	600551204	447	18,000	SH		DFND		18,000	0	0
National Western Life Insurance	COM	638517102	3,506	10,969	SH		SOLE		0	0	10,969
Netapp Inc	COM	64110D104	360	9,000	SH		DFND		9,000	0	0
Nice Systems-Adr	ADR	653656108	433	5,500	SH		DFND		5,500	0	0
Norfolk Southern	COM	655844108	426	3,500	SH		DFND		3,500	0	0
Northwestern Corp	COM	668074305	2,331	38,193	SH		SOLE		0	0	38,193
Novartis Ag	ADR	66987V109	2,057	24,643	SH		SOLE		0	0	24,643
Nuveen Intermediate Duration Muni Term	COM	670671106	1,591	119,262	SH		SOLE		0	0	119,262
Old Republic International Corp	COM	680223104	1,280	65,530	SH		SOLE		0	0	65,530
Pearson Plc	ADR	705015105	179	20,000	SH		DFND		20,000	0	0
Phillips 66 Company	COM	718546104	1,100	13,300	SH		SOLE		0	0	13,300
Pimco Enhanced Short Maturity Etf	COM	72201R833	5,029	49,439	SH		SOLE		0	0	49,439
Powershares International Corp Bd Etf	COM	73936Q835	3,927	149,475	SH		SOLE		0	0	149,475
Procter & Gamble	COM	742718109	305	3,500	SH		DFND		3,500	0	0
Pub Serv Enterp	COM	744573106	344	8,000	SH		DFND		8,000	0	0
Qualcomm Inc	COM	747525103	269	4,866	SH		SOLE		0	0	4,866
Regions Financial Corp	COM	7591EP100	264	18,000	SH		DFND		18,000	0	0
Rgc Resources	COM	74955L103	1,003	35,415	SH		SOLE		0	0	35,415
Royce Micro Cap Trust Common	COM	780915104	2,873	332,128	SH		SOLE		0	0	332,128
Royce Value Trust Common	COM	780910105	222	15,241	SH		SOLE		0	0	15,241
Sba Communications Corp	COM	78410G104	270	2,000	SH		DFND		2,000	0	0
Schwab Emerging Markets Equity Etf	COM	808524706	265	10,647	SH		SOLE		0	0	10,647
Schwab International Equity Et	COM	808524805	1,107	34,819	SH		SOLE		0	0	34,819
Schwab Us Aggregate Bond Et	COM	808524839	2,243	42,936	SH		SOLE		0	0	42,936
Schwab Us Mid-Cap Et	COM	808524508	1,214	25,211	SH		SOLE		0	0	25,211
Schwab Us Small-Cap Et	COM	808524607	1,192	18,644	SH		SOLE		0	0	18,644
Skyworks Solutions	COM	83088M102	384	4,000	SH		DFND		4,000	0	0
Sl Green Realty	COM	78440X101	288	2,720	SH		DFND		2,720	0	0
Spdr Barclays Short Term Corp Bd Etf	COM	78464A474	5,105	166,613	SH		SOLE		0	0	166,613
Spdr S&P Midcap 400 Etf	COM	78467Y107	452	1,423	SH		SOLE		0	0	1,423
Stryker Corporation	COM	863667101	2,547	18,350	SH		SOLE		0	0	18,350
Teva Pharm-Adr	ADR	881624209	266	8,000	SH		DFND		8,000	0	0
Thermo Fisher	COM	883556102	349	2,000	SH		DFND		2,000	0	0
Twenty-First Century Fox Inc	COM	90130A101	391	13,788	SH		SOLE		0	0	13,788
Tyson Foods Inc	COM	902494103	1,342	21,429	SH		SOLE		0	0	21,429
Udr Inc	COM	902653104	388	9,951	SH		SOLE		0	0	9,951
Unilever Nv-Nys	COM	904784709	497	9,000	SH		DFND		9,000	0	0
United Therapeut	COM	91307C102	357	2,750	SH		DFND		2,750	0	0
Valmont Industries Inc	COM	920253101	3,532	23,611	SH		SOLE		0	0	23,611
Vaneck Vectors Gm Etf	COM	92189F106	221	10,000	SH		DFND		10,000	0	0
Vanguard Ftse Developed Markets Etf	COM	921943858	4,546	110,022	SH		SOLE		0	0	110,022
Vanguard Information Technology Etf	COM	92204A702	6,349	45,080	SH		SOLE		0	0	45,080
Vanguard S&P 500 Etf	COM	922908363	269	1,210	SH		SOLE		0	0	1,210
Vanguard Total Bond Market Etf	COM	921937835	367	4,490	SH		SOLE		0	0	4,490
Verizon Communications Inc	COM	92343V104	1,915	42,873	SH		SOLE		0	0	42,873
Voya Asia Pacific High Dividend Eq Inc	COM	92912J102	1,585	150,639	SH		SOLE		0	0	150,639
Voya Financial Inc	COM	929089100	1,975	53,550	SH		SOLE		0	0	53,550
Wells Fargo & Co	COM	949746101	452	8,161	SH		DFND		8,161	0	0
Western Asset Glb Corp Def Opp Common	COM	95790C107	4,485	251,837	SH		SOLE		0	0	251,837
Western Asset High Income Opp	COM	95766K109	4,588	905,019	SH		SOLE		0	0	905,019
Wgl Holdings Inc	COM	92924F106	4,140	49,617	SH		SOLE		0	0	49,617
Williams Companies Inc	COM	969457100	1,487	49,110	SH		SOLE		0	0	49,110
Wp Carey Inc	COM	92936U109	295	4,470	SH		DFND		4,470	0	0
Wpx Energy Inc	COM	98212B103	222	22,944	SH		SOLE		0	0	22,944