Laffer Investments 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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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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	COMMON STOCKS	88579Y101	1,484,406	7,704	SH		SOLE	0	7,704	0	0
AAR CORP	COMMON STOCKS	000361105	41,650	1,000	SH		SOLE	0	1,000	0	0
AB Concentrated International Growth	MUTUAL FUND	01878t475	16,603	1,160	SH		SOLE	0	1,160	0	0
ABBOTT LABS COM	COMMON STOCKS	002824100	375,698	3,135	SH		SOLE	0	3,135	0	0
ABBVIE INC COM	COMMON STOCKS	00287Y109	2,491,007	23,018	SH		SOLE	0	23,018	0	0
Aberdeen Standard Phys PalladiumShrs ETF	EXCHANGE TRADED FUND	003262102	121,690	497	SH		SOLE	0	497	0	0
Aberdeen Standard Physical Gold ETF	EXCHANGE TRADED FUND	00326A104	61,762	3,766	SH		SOLE	0	3,766	0	0
Aberdeen Standard Physical Silver ETF	EXCHANGE TRADED FUND	003264108	58,576	2,481	SH		SOLE	0	2,481	0	0
ADIDAS AG SPONS ADR	COMMON STOCKS	00687A107	162,976	1,038	SH		SOLE	0	1,038	0	0
AES 6.875 percent	CONVERTIBLE PREFERRED STOCK	00130H204	1,266,668	12,320	SH		SOLE	0	12,320	0	0
AIA GROUP LTD SPON ADR	COMMON STOCKS	001317205	147,220	2,999	SH		SOLE	0	2,999	0	0
Akamai Technologies	CONVERTIBLE BOND	00971TAL5	3,153,393	2,892,000	SH		SOLE	0	2,892,000	0	0
Akoustis Technologies Inc.	COMMON STOCKS	00973N102	280,140	21,000	SH		SOLE	0	21,000	0	0
Alibaba Group Holdings	AMERICAN DEPOSITARY RECEIPT	01609w102	104,975	463	SH		SOLE	0	463	0	0
ALLY Financial Inc.	COMMON STOCKS	02005n100	34,811	770	SH		SOLE	0	770	0	0
Alphabet Inc Class A	COMMON STOCKS	02079k305	1,035,385	502	SH		SOLE	0	502	0	0
Alphabet Inc Class C	COMMON STOCKS	02079K107	711,608	344	SH		SOLE	0	344	0	0
Alstom SA Unspon ADR	AMERICAN DEPOSITARY RECEIPT	021244207	132,421	26,806	SH		SOLE	0	26,806	0	0
Amazon Com Inc	COMMON STOCKS	023135106	1,615,109	522	SH		SOLE	0	522	0	0
American Electric Power 6 1/8 Pfd	CONVERTIBLE PREFERRED STOCK	02557T307	883,332	18,000	SH		SOLE	0	18,000	0	0
American Express Co	COMMON STOCKS	025816109	1,003,092	7,092	SH		SOLE	0	7,092	0	0
American Funds EUPC F3	MUTUAL FUND	298706110	230,272	3,334	SH		SOLE	0	3,334	0	0
American Funds Growth	MUTUAL FUND	399874775	672,627	9,711	SH		SOLE	0	9,711	0	0
American Funds Neco A	MUTUAL FUND	643822109	4,828	80	SH		SOLE	0	80	0	0
AMG Capital Trust II	CONVERTIBLE PREFERRED STOCK	00170F209	1,893,310	34,083	SH		SOLE	0	34,083	0	0
AMGEN INC COM	COMMON STOCKS	031162100	2,812,923	11,305	SH		SOLE	0	11,305	0	0
Amphenol Corp	COMMON STOCKS	032095101	65,310	990	SH		SOLE	0	990	0	0
APPLE INC COM	COMMON STOCKS	037833100	5,843,045	47,835	SH		SOLE	0	47,835	0	0
Archer Daniels Midland Co	COMMON STOCKS	039483102	100,149	1,757	SH		SOLE	0	1,757	0	0
Ares Capital Corp	COMMON STOCKS	04010l103	246,373	13,168	SH		SOLE	0	13,168	0	0
Ares Capital Corp	CONVERTIBLE BOND	04010LAW3	3,124,404	2,842,000	SH		SOLE	0	2,842,000	0	0
Arista Networks Inc.	COMMON STOCKS	040413106	68,529	227	SH		SOLE	0	227	0	0
ARK Innovation ETF	EXCHANGE TRADED FUND	00214Q104	3,958	33	SH		SOLE	0	33	0	0
Ashtead Group PLC ADR	AMERICAN DEPOSITARY RECEIPT	045055100	306,464	1,256	SH		SOLE	0	1,256	0	0
ASML Holding NV-NY Reg Shs	COMMON STOCKS	N07059210	264,847	429	SH		SOLE	0	429	0	0
AT&T INC COM	COMMON STOCKS	00206R102	292,438	9,661	SH		SOLE	0	9,661	0	0
Autonation Inc	COMMON STOCKS	05329W102	74,389	798	SH		SOLE	0	798	0	0
B&M European Value	AMERICAN DEPOSITARY RECEIPT	05590y100	69,096	2,372	SH		SOLE	0	2,372	0	0
Baird SH-TM Muni BD	MUTUAL FUND	057071631	40,364	3,877	SH		SOLE	0	3,877	0	0
Bancorp Inc Del	COMMON STOCKS	05969a105	51,800	2,500	SH		SOLE	0	2,500	0	0
Bank of New York Mellon Corp	COMMON STOCKS	064058100	249,549	5,277	SH		SOLE	0	5,277	0	0
Baxter Intl Inc	COMMON STOCKS	071813109	139,329	1,652	SH		SOLE	0	1,652	0	0
BCE Inc	COMMON STOCKS	05534b760	214,911	4,761	SH		SOLE	0	4,761	0	0
Becton Dickinson and Company	CONVERTIBLE PREFERRED STOCK	075887406	3,108,349	57,957	SH		SOLE	0	57,957	0	0
Becton Dickinson and Company	COMMON STOCKS	075887109	97,260	400	SH		SOLE	0	400	0	0
Berkshire Hathaway Inc Cl B	COMMON STOCKS	084670702	513,239	2,009	SH		SOLE	0	2,009	0	0
BHP Billiton LTD	AMERICAN DEPOSITARY RECEIPT	088606108	752,465	10,844	SH		SOLE	0	10,844	0	0
BJ's Wholesale Club Holdings, Inc.	COMMON STOCKS	05550J101	64,822	1,445	SH		SOLE	0	1,445	0	0
BLACKROCK INC COM	COMMON STOCKS	09247X101	1,413,049	1,874	SH		SOLE	0	1,874	0	0
Blackrock TCP Cap	CONVERTIBLE BOND	87238QAD5	2,966,566	2,867,000	SH		SOLE	0	2,867,000	0	0
BOEING CO COM	COMMON STOCKS	097023105	397,108	1,559	SH		SOLE	0	1,559	0	0
Booking Holdings Inc	CONVERTIBLE BOND	741503AX4	3,422,438	2,905,000	SH		SOLE	0	2,905,000	0	0
Borgwarner Inc	COMMON STOCKS	099724106	74,500	1,607	SH		SOLE	0	1,607	0	0
Boston Scientific Corp	CONVERTIBLE PREFERRED STOCK	101137206	2,823,337	26,135	SH		SOLE	0	26,135	0	0
Brighthouse Financial	COMMON STOCKS	10922n103	5,177	117	SH		SOLE	0	117	0	0
Bristol Myers Squibb	COMMON STOCKS	110122108	58,710	930	SH		SOLE	0	930	0	0
Broadcom Inc	CONVERTIBLE PREFERRED STOCK	11135F200	4,519,045	3,059	SH		SOLE	0	3,059	0	0
BROADCOM INC COM	COMMON STOCKS	11135F101	2,587,686	5,581	SH		SOLE	0	5,581	0	0
Brookfield DLTA FD Office TR Inv 7.625 percent	PREFERRED STOCK	112714209	14,850	1,000	SH		SOLE	0	1,000	0	0
Brunswick Corp	PREFERRED STOCK	117043406	160,750	5,987	SH		SOLE	0	5,987	0	0
BUNGE LIMITED COM	COMMON STOCKS	G16962105	112,484	1,419	SH		SOLE	0	1,419	0	0
Bunge Ltd. Perpetual Conv Pfd	CONVERTIBLE PREFERRED STOCK	G16962204	2,111,017	18,219	SH		SOLE	0	18,219	0	0
Calamos Growth Fund	MUTUAL FUND	128119302	6,342	165	SH		SOLE	0	165	0	0
Canadian National Railway Corp	COMMON STOCKS	136375102	15,541	134	SH		SOLE	0	134	0	0
Capgemini	AMERICAN DEPOSITARY RECEIPT	13961r100	239,580	7,032	SH		SOLE	0	7,032	0	0
Capital One Finl Corp	COMMON STOCKS	14040H105	113,489	892	SH		SOLE	0	892	0	0
Carrier Global Corporation	COMMON STOCKS	14448c104	28,287	670	SH		SOLE	0	670	0	0
Caterpillar Inc	COMMON STOCKS	149123101	409,714	1,767	SH		SOLE	0	1,767	0	0
Centerpoint Energy Inc	CONVERTIBLE PREFERRED STOCK	15189T503	2,600,344	62,327	SH		SOLE	0	62,327	0	0
Charter Communications Inc	COMMON STOCKS	16119p108	59,233	96	SH		SOLE	0	96	0	0
Chemours Co	COMMON STOCKS	163851108	1,116	40	SH		SOLE	0	40	0	0
CHEVRON CORP NEW COM	COMMON STOCKS	166764100	1,929,742	18,415	SH		SOLE	0	18,415	0	0
Chipotle Mexican Grill Inc.	COMMON STOCKS	169656105	1,149,443	809	SH		SOLE	0	809	0	0
Chsin 6.75 Perp 24 Pref Series 3	PREFERRED STOCK	12542r704	82,860	3,000	SH		SOLE	0	3,000	0	0
CHUBB LTD	COMMON STOCKS	H1467J104	52,919	335	SH		SOLE	0	335	0	0
CISCO SYS INC COM	COMMON STOCKS	17275R102	1,956,241	37,831	SH		SOLE	0	37,831	0	0
Citigroup Inc	PREFERRED STOCK	172967358	153,702	5,464	SH		SOLE	0	5,464	0	0
Citizens Financial Group	PREFERRED STOCK	174610204	167,616	5,965	SH		SOLE	0	5,965	0	0
CoBank ACB	PREFERRED STOCK	19075q870	62,176	615	SH		SOLE	0	615	0	0
COCA COLA CO COM	COMMON STOCKS	191216100	1,580,983	29,994	SH		SOLE	0	29,994	0	0
COLGATE-PALMOLIVE COMPANY	COMMON STOCKS	194162103	275,510	3,495	SH		SOLE	0	3,495	0	0
Comcast Corp Cl A	COMMON STOCKS	20030N101	2,659,777	49,155	SH		SOLE	0	49,155	0	0
CONOCOPHILLIPS COM	COMMON STOCKS	20825C104	147,627	2,787	SH		SOLE	0	2,787	0	0
Corning Inc	COMMON STOCKS	219350105	449,110	10,322	SH		SOLE	0	10,322	0	0
Corteva Inc	COMMON STOCKS	22052l104	91,794	1,969	SH		SOLE	0	1,969	0	0
Costco Whsl Corp	COMMON STOCKS	22160K105	728,928	2,068	SH		SOLE	0	2,068	0	0
Crown Castle Intl Corp	COMMON STOCKS	22822V101	67,991	395	SH		SOLE	0	395	0	0
CSG Systems International	CONVERTIBLE BOND	126349AF6	2,344,470	2,220,000	SH		SOLE	0	2,220,000	0	0
CSX Corp	COMMON STOCKS	126408103	89,092	924	SH		SOLE	0	924	0	0
CVS Corp	COMMON STOCKS	126650100	1,153,727	15,336	SH		SOLE	0	15,336	0	0
D.R. Horton Inc	COMMON STOCKS	23331A109	439,094	4,927	SH		SOLE	0	4,927	0	0
Daikin Inds Ltd ADR	AMERICAN DEPOSITARY RECEIPT	23381B106	149,836	7,414	SH		SOLE	0	7,414	0	0
Danaher Corp	CONVERTIBLE PREFERRED STOCK	235851300	5,538,752	3,618	SH		SOLE	0	3,618	0	0
Deutsche Bank AG London/VOYA	CONVERTIBLE BOND	25155MKM2	3,520,916	3,194,000	SH		SOLE	0	3,194,000	0	0
Diamondback Energy Inc	COMMON STOCKS	25278X109	157,562	2,144	SH		SOLE	0	2,144	0	0
Digital Realty Trust	PREFERRED STOCK	253868848	156,460	6,172	SH		SOLE	0	6,172	0	0
Discover Finl Svcs	COMMON STOCKS	254709108	76,561	806	SH		SOLE	0	806	0	0
Discovery Communications-C	COMMON STOCKS	25470F302	88,536	2,400	SH		SOLE	0	2,400	0	0
Dodge & Cox Stock Fund	MUTUAL FUND	256219106	122,392	554	SH		SOLE	0	554	0	0
Dollar Tree, Inc.	COMMON STOCKS	256746108	136,207	1,190	SH		SOLE	0	1,190	0	0
Dominion Energy	CONVERTIBLE PREFERRED STOCK	25746U133	4,155,419	41,921	SH		SOLE	0	41,921	0	0
Dominion Res Inc Va	COMMON STOCKS	25746U109	55,071	725	SH		SOLE	0	725	0	0
Dow Chem Co	COMMON STOCKS	260557103	125,897	1,969	SH		SOLE	0	1,969	0	0
DTE Energy Co	CONVERTIBLE PREFERRED STOCK	233331842	2,575,884	51,494	SH		SOLE	0	51,494	0	0
Du Pont E I De N Pfd	PREFERRED STOCK	263534307	106,030	1,000	SH		SOLE	0	1,000	0	0
DU PONT E.I.DE NEMOURS & COMPANY	COMMON STOCKS	26614n102	152,164	1,969	SH		SOLE	0	1,969	0	0
Duke Energy Corp	COMMON STOCKS	26441C204	57,531	596	SH		SOLE	0	596	0	0
Eaton Corp	COMMON STOCKS	G29183103	283,197	2,048	SH		SOLE	0	2,048	0	0
Ecolab Inc	COMMON STOCKS	278865100	410,586	1,918	SH		SOLE	0	1,918	0	0
Eli Lilly & Co	COMMON STOCKS	532457108	28,023	150	SH		SOLE	0	150	0	0
EMERSON ELECTRIC COMPANY	COMMON STOCKS	291011104	231,775	2,569	SH		SOLE	0	2,569	0	0
Enbridge Inc	COMMON STOCKS	29250N105	229,429	6,303	SH		SOLE	0	6,303	0	0
Energizer Holdings Inc	CONVERTIBLE PREFERRED STOCK	29272W208	169,400	1,764	SH		SOLE	0	1,764	0	0
Eog Res Inc	COMMON STOCKS	26875P101	431,771	5,953	SH		SOLE	0	5,953	0	0
Equinix Inc	COMMON STOCKS	29444u700	388,757	572	SH		SOLE	0	572	0	0
EUROFINS SCIENTIFIC SE ACT	COMMON STOCKS	L31839134	166,292	1,736	SH		SOLE	0	1,736	0	0
Exelis Inc	COMMON STOCKS	30161Q104	72,988	3,231	SH		SOLE	0	3,231	0	0
Exxon Mobil Corp	COMMON STOCKS	30231G102	166,150	2,976	SH		SOLE	0	2,976	0	0
FACEBOOK INC CL A	COMMON STOCKS	30303M102	1,046,170	3,552	SH		SOLE	0	3,552	0	0
Fanuc Corp ADR	AMERICAN DEPOSITARY RECEIPT	307305102	173,043	7,178	SH		SOLE	0	7,178	0	0
FAST Retailing Co	AMERICAN DEPOSITARY RECEIPT	31188h101	168,408	2,103	SH		SOLE	0	2,103	0	0
Fastenal Co.	COMMON STOCKS	311900104	52,240	1,039	SH		SOLE	0	1,039	0	0
FEDEX CORP COM	COMMON STOCKS	31428X106	1,757,714	6,188	SH		SOLE	0	6,188	0	0
Fidelity National Finl-A	COMMON STOCKS	31620r303	92,704	2,280	SH		SOLE	0	2,280	0	0
Fifth Third Bancorp	COMMON STOCKS	316773100	124,521	3,325	SH		SOLE	0	3,325	0	0
First Trust NASDAQ Retail ETF	EXCHANGE TRADED FUND	33738R829	106,397	3,367	SH		SOLE	0	3,367	0	0
FORTINET INC	COMMON STOCKS	34959E109	264,642	1,435	SH		SOLE	0	1,435	0	0
Fortive Corporation	CONVERTIBLE PREFERRED STOCK	34959J207	2,690,922	2,714	SH		SOLE	0	2,714	0	0
Fortive Corporation	CONVERTIBLE BOND	34959JAK4	3,468,251	3,405,000	SH		SOLE	0	3,405,000	0	0
Fox Corp	COMMON STOCKS	35137L105	100,963	2,796	SH		SOLE	0	2,796	0	0
FRANKLIN FTSE JAPAN ETF	EXCHANGE TRADED FUND	35473P744	28,919	951	SH		SOLE	0	951	0	0
Franklin FTSE United Kingdon ETF	EXCHANGE TRADED FUND	35473P678	27,807	1,164	SH		SOLE	0	1,164	0	0
Franklin Income Fund	MUTUAL FUND	353496300	4,105	1,682	SH		SOLE	0	1,682	0	0
Freeport-Mcmoran Copper	COMMON STOCKS	35671D857	214,670	6,519	SH		SOLE	0	6,519	0	0
FTI Consulting Inc	CONVERTIBLE BOND	302941AP4	2,370,185	1,611,000	SH		SOLE	0	1,611,000	0	0
FUNDAMENTAL INVESTORS CL A	MUTUAL FUND	360802102	21,297	290	SH		SOLE	0	290	0	0
Gateway Fund	MUTUAL FUND	367829207	2,987	78	SH		SOLE	0	78	0	0
GENERAL ELECTRIC COMPANY	COMMON STOCKS	369604103	49,762	3,790	SH		SOLE	0	3,790	0	0
General Mills Inc	COMMON STOCKS	370334104	297,340	4,849	SH		SOLE	0	4,849	0	0
Genmab	AMERICAN DEPOSITARY RECEIPT	372303206	175,837	5,356	SH		SOLE	0	5,356	0	0
Gilead Sciences Inc	COMMON STOCKS	375558103	99,400	1,538	SH		SOLE	0	1,538	0	0
Goldman Sachs Dynamic Municipal Income Fund	MUTUAL FUND	38142v746	134,627	8,100	SH		SOLE	0	8,100	0	0
Goldman Sachs Group Inc	PREFERRED STOCK	38144G804	62,371	2,572	SH		SOLE	0	2,572	0	0
GOLDMAN SACHS GROUP INC COM	COMMON STOCKS	38141G104	3,299,904	10,091	SH		SOLE	0	10,091	0	0
Grayscale Bitcoin Trust BTC	COMMON STOCKS	389637109	500	10	SH		SOLE	0	10	0	0
HANNON ARMSTRONG	CONVERTIBLE BOND	41068XAB6	4,957,613	2,398,000	SH		SOLE	0	2,398,000	0	0
Harvest CSI 300 China A-Shares ETF	EXCHANGE TRADED FUND	233051879	30,239	783	SH		SOLE	0	783	0	0
HDFC BANK LTD ADR REPSTG 3 SHS	AMERICAN DEPOSITARY RECEIPT	40415F101	154,370	1,987	SH		SOLE	0	1,987	0	0
Heartland Financial USA	COMMON STOCKS	42234q102	759,679	15,115	SH		SOLE	0	15,115	0	0
Hercules Capital Inc	CONVERTIBLE BOND	427096AF9	2,558,995	2,464,000	SH		SOLE	0	2,464,000	0	0
Hershey Foods Corp	COMMON STOCKS	427866108	52,034	329	SH		SOLE	0	329	0	0
HGR Liquidating Trust	COMMON STOCKS	PER430110	31,431	14,756	SH		SOLE	0	14,756	0	0
HOME DEPOT INC COM	COMMON STOCKS	437076102	3,474,660	11,383	SH		SOLE	0	11,383	0	0
Honeywell Intl Inc	COMMON STOCKS	438516106	1,342,795	6,186	SH		SOLE	0	6,186	0	0
Hormel Foods Corp	COMMON STOCKS	440452100	135,169	2,829	SH		SOLE	0	2,829	0	0
II-VI Inc.	COMMON STOCKS	902104108	174,411	2,551	SH		SOLE	0	2,551	0	0
IIVI 6 Pfd	CONVERTIBLE PREFERRED STOCK	902104306	2,971,551	10,344	SH		SOLE	0	10,344	0	0
Illinois Tool Works Inc	COMMON STOCKS	452308109	1,391,145	6,280	SH		SOLE	0	6,280	0	0
Illumina Inc	CONVERTIBLE BOND	452327AK5	2,325,183	1,958,000	SH		SOLE	0	1,958,000	0	0
Innovator S&P Inv Grade Preferred ETF	EXCHANGE TRADED FUND	45783G201	2,268,033	93,643	SH		SOLE	0	93,643	0	0
INTEL CORP COM	COMMON STOCKS	458140100	1,939,648	30,307	SH		SOLE	0	30,307	0	0
INTERNATIONAL BUSINESS MACHS COM	COMMON STOCKS	459200101	346,342	2,599	SH		SOLE	0	2,599	0	0
International Flavor & Fragrances	CONVERTIBLE PREFERRED STOCK	459506309	2,260,489	45,972	SH		SOLE	0	45,972	0	0
Interpublic Group of Companies Inc	COMMON STOCKS	460690100	84,242	2,885	SH		SOLE	0	2,885	0	0
Intuitive Surgical Inc	COMMON STOCKS	46120E602	152,221	206	SH		SOLE	0	206	0	0
Invesco BulletShares 2024 Corp Bond ETF	EXCHANGE TRADED FUND	46138j841	73,826	3,330	SH		SOLE	0	3,330	0	0
Invesco BulletShares 2025 Corp Bond ETF	EXCHANGE TRADED FUND	46138j825	149,512	6,750	SH		SOLE	0	6,750	0	0
Invesco QQQ NASDAQ 100	EXCHANGE TRADED FUND	46090e103	416,783	1,306	SH		SOLE	0	1,306	0	0
Invesco Senior Loan ETF	EXCHANGE TRADED FUND	46138G508	1,371,551	61,977	SH		SOLE	0	61,977	0	0
iShares 0-5 Year Investment Grade Corporate Bond	EXCHANGE TRADED FUND	46434V100	3,784,289	73,084	SH		SOLE	0	73,084	0	0
iShares 1-3 Year Credit Bond	EXCHANGE TRADED FUND	464288646	3,628,619	66,361	SH		SOLE	0	66,361	0	0
ISHARES CORE S&P SMALL CAP ETF	COMMON STOCKS	464287804	174,733	1,610	SH		SOLE	0	1,610	0	0
iShares Exponential Technologies ETF	EXCHANGE TRADED FUND	46434V381	47,968	810	SH		SOLE	0	810	0	0
iShares Floating Rate Bond ETF	EXCHANGE TRADED FUND	46429B655	2,888,660	56,897	SH		SOLE	0	56,897	0	0
iShares Global Clean Energy ETF	EXCHANGE TRADED FUND	464288224	46,534	1,915	SH		SOLE	0	1,915	0	0
iShares High Yield Hedged	EXCHANGE TRADED FUND	46431W606	834,912	9,503	SH		SOLE	0	9,503	0	0
iShares iBoxx Investment Grade	EXCHANGE TRADED FUND	464287242	914,901	7,035	SH		SOLE	0	7,035	0	0
iShares Interest Rate Hedged Long-Term Corporate	EXCHANGE TRADED FUND	46431W812	255,908	10,016	SH		SOLE	0	10,016	0	0
iShares MBS ETF	EXCHANGE TRADED FUND	464288588	1,226,338	11,311	SH		SOLE	0	11,311	0	0
iShares MSCI Canada ETF	EXCHANGE TRADED FUND	464286509	30,066	883	SH		SOLE	0	883	0	0
iShares MSCI EAFE Small-Cap ETF	EXCHANGE TRADED FUND	464288273	113,794	1,584	SH		SOLE	0	1,584	0	0
ISHARES MSCI FRANCE ETF	EXCHANGE TRADED FUND	464286707	29,222	839	SH		SOLE	0	839	0	0
iShares MSCI Germany Index	EXCHANGE TRADED FUND	464286806	28,357	848	SH		SOLE	0	848	0	0
iShares MSCI Global Gold Miners ETF	EXCHANGE TRADED FUND	46434G855	47,214	1,726	SH		SOLE	0	1,726	0	0
iShares MSCI Global Mtls&Mng Prdcrs ETF	EXCHANGE TRADED FUND	46434G848	47,185	1,120	SH		SOLE	0	1,120	0	0
iShares MSCI Global Silver&Mtls Mnrs ETF	EXCHANGE TRADED FUND	464286327	45,387	3,075	SH		SOLE	0	3,075	0	0
ISHARES MSCI TAIWAN CAPPED ETF	EXCHANGE TRADED FUND	46434g772	33,397	557	SH		SOLE	0	557	0	0
iShares Russell 1000 Growth	EXCHANGE TRADED FUND	464287614	35,483	146	SH		SOLE	0	146	0	0
iShares S&P 500 Growth Index Fund	EXCHANGE TRADED FUND	464287309	646,998	9,937	SH		SOLE	0	9,937	0	0
iShares S&P 500 Value	EXCHANGE TRADED FUND	464287408	503,661	3,566	SH		SOLE	0	3,566	0	0
iShares Short Maturity Bond ETF	EXCHANGE TRADED FUND	46431W507	1,176,052	23,432	SH		SOLE	0	23,432	0	0
iShares US Infrastructure EFT	EXCHANGE TRADED FUND	46435U713	48,080	1,388	SH		SOLE	0	1,388	0	0
JACOBS ENGINEERING GROUP INC	COMMON STOCKS	469814107	278,706	2,156	SH		SOLE	0	2,156	0	0
JOHNSON & JOHNSON COM	COMMON STOCKS	478160104	4,092,966	24,903	SH		SOLE	0	24,903	0	0
JPMORGAN CHASE & CO COM	COMMON STOCKS	46625H100	3,192,263	20,970	SH		SOLE	0	20,970	0	0
Kellogg Co	COMMON STOCKS	487836108	54,754	865	SH		SOLE	0	865	0	0
Kerry Group	AMERICAN DEPOSITARY RECEIPT	492460100	106,858	846	SH		SOLE	0	846	0	0
Keyence Corp	COMMON STOCKS	J32491102	156,972	345	SH		SOLE	0	345	0	0
Kimberly Clark Corp	COMMON STOCKS	494368103	109,710	789	SH		SOLE	0	789	0	0
Kimco Realty Corp	COMMON STOCKS	49446R109	78,206	4,171	SH		SOLE	0	4,171	0	0
KINDER MORGAN INC DE	COMMON STOCKS	49456B101	151,814	9,118	SH		SOLE	0	9,118	0	0
Kion Group	AMERICAN DEPOSITARY RECEIPT	497216101	196,979	7,962	SH		SOLE	0	7,962	0	0
KKR & CO Inc	CONVERTIBLE PREFERRED STOCK	48251W401	2,779,904	41,555	SH		SOLE	0	41,555	0	0
Kontoor Brands	COMMON STOCKS	50050n103	8,055	166	SH		SOLE	0	166	0	0
Kose Corp ADR	AMERICAN DEPOSITARY RECEIPT	500679105	134,157	4,728	SH		SOLE	0	4,728	0	0
L3Harris Technologies Inc.	COMMON STOCKS	502431109	76,613	378	SH		SOLE	0	378	0	0
Lam Research Corp	COMMON STOCKS	512807108	2,449,492	4,115	SH		SOLE	0	4,115	0	0
Lincoln National Corp	COMMON STOCKS	534187109	129,957	2,087	SH		SOLE	0	2,087	0	0
LITTELFUSE INC COM	COMMON STOCKS	537008104	66,374	251	SH		SOLE	0	251	0	0
Lockheed Martin Corp	COMMON STOCKS	539830109	90,158	244	SH		SOLE	0	244	0	0
Lonza Group	AMERICAN DEPOSITARY RECEIPT	54338v101	189,067	3,395	SH		SOLE	0	3,395	0	0
Lowe's Cos Inc	COMMON STOCKS	548661107	645,851	3,396	SH		SOLE	0	3,396	0	0
Lumentum Holdings Inc.	COMMON STOCKS	55024U109	105,783	1,158	SH		SOLE	0	1,158	0	0
Lumentum Holdings Inc. 0.50 percent 12/15/26	CONVERTIBLE BOND	55024UAD1	1,521,779	1,303,000	SH		SOLE	0	1,303,000	0	0
LVMH MOET HENNESSY LOUISVUITTON ADR	COMMON STOCKS	502441306	185,769	1,388	SH		SOLE	0	1,388	0	0
LyondellBasell Industries NV	COMMON STOCKS	n53745100	62,534	601	SH		SOLE	0	601	0	0
Magellan Midstream	COMMON STOCKS	559080106	45,224	1,043	SH		SOLE	0	1,043	0	0
Mccormick & Co Inc	COMMON STOCKS	579780206	146,935	1,648	SH		SOLE	0	1,648	0	0
MCDONALDS CORP COM	COMMON STOCKS	580135101	1,987,673	8,868	SH		SOLE	0	8,868	0	0
MEDTRONIC PLC SHS	COMMON STOCKS	G5960L103	2,139,183	18,108	SH		SOLE	0	18,108	0	0
Merck & Co Inc	COMMON STOCKS	58933Y105	77,090	1,000	SH		SOLE	0	1,000	0	0
Metlife Inc	COMMON STOCKS	59156R108	211,549	3,480	SH		SOLE	0	3,480	0	0
mfus03463k406	MUTUAL FUND	03463k406	21	2	SH		SOLE	0	2	0	0
MICROSOFT CORP COM	COMMON STOCKS	594918104	4,810,708	20,404	SH		SOLE	0	20,404	0	0
Mondelez International Inc - A	COMMON STOCKS	609207105	189,461	3,237	SH		SOLE	0	3,237	0	0
MORGAN STANLEY COM NEW	COMMON STOCKS	617446448	404,530	5,209	SH		SOLE	0	5,209	0	0
Morgan Stanley PFD Perpetual	PREFERRED STOCK	61763E207	160,680	5,708	SH		SOLE	0	5,708	0	0
Murata Manufacturers	AMERICAN DEPOSITARY RECEIPT	626425102	209,664	10,400	SH		SOLE	0	10,400	0	0
MVB Financial Corp	COMMON STOCKS	553810102	37,180	1,100	SH		SOLE	0	1,100	0	0
NESTLE S A SPNSD ADR REPSTING REG SHS	AMERICAN DEPOSITARY RECEIPT	641069406	136,488	1,224	SH		SOLE	0	1,224	0	0
NETFLIX INC	COMMON STOCKS	64110L106	52,166	100	SH		SOLE	0	100	0	0
New Mountain Finance	CONVERTIBLE BOND	647551AC4	2,739,843	2,590,000	SH		SOLE	0	2,590,000	0	0
New World Fund	MUTUAL FUND	649280104	5,855	66	SH		SOLE	0	66	0	0
NEXTERA ENERGY INC COM	COMMON STOCKS	65339F101	166,342	2,200	SH		SOLE	0	2,200	0	0
Nidec Corp	AMERICAN DEPOSITARY RECEIPT	654090109	275,304	8,991	SH		SOLE	0	8,991	0	0
Nike Inc	COMMON STOCKS	654106103	93,288	702	SH		SOLE	0	702	0	0
Nustar Logistics LP	PREFERRED STOCK	67059T204	153,298	6,219	SH		SOLE	0	6,219	0	0
Nvidia Corp	COMMON STOCKS	67066G104	193,282	362	SH		SOLE	0	362	0	0
O'Reilly Automotive Inc.	COMMON STOCKS	67103H107	206,450	407	SH		SOLE	0	407	0	0
Occidental Pete Corp	COMMON STOCKS	674599105	39,211	1,473	SH		SOLE	0	1,473	0	0
ON Semiconductor Corp	CONVERTIBLE BOND	682189AP0	3,700,125	1,770,000	SH		SOLE	0	1,770,000	0	0
Oracle Systems Corp	COMMON STOCKS	68389X105	170,653	2,432	SH		SOLE	0	2,432	0	0
Otis Worldwide Corporation	COMMON STOCKS	68902v107	22,930	335	SH		SOLE	0	335	0	0
Palo Alto Networks	CONVERTIBLE BOND	697435ad7	2,016,465	1,521,000	SH		SOLE	0	1,521,000	0	0
PALO ALTO NETWORKS INC COM	COMMON STOCKS	697435105	1,329,463	4,128	SH		SOLE	0	4,128	0	0
PEPSICO INC	COMMON STOCKS	713448108	188,694	1,334	SH		SOLE	0	1,334	0	0
PFIZER INC COM	COMMON STOCKS	717081103	225,567	6,226	SH		SOLE	0	6,226	0	0
Philip Morris Intl Inc	COMMON STOCKS	718172109	251,932	2,839	SH		SOLE	0	2,839	0	0
PHILLIPS 66 COM	COMMON STOCKS	718546104	110,242	1,352	SH		SOLE	0	1,352	0	0
PIMCO Broad US TIPs Index	EXCHANGE TRADED FUND	72201R403	62,134	968	SH		SOLE	0	968	0	0
Pinnacle West Cap Co	COMMON STOCKS	723484101	213,381	2,623	SH		SOLE	0	2,623	0	0
PNC FINANCIAL SERVICES GROUP INC	COMMON STOCKS	693475105	1,244,183	7,093	SH		SOLE	0	7,093	0	0
PRICE T ROWE GROUP INC COM	COMMON STOCKS	74144T108	944,658	5,505	SH		SOLE	0	5,505	0	0
Principal Financial	COMMON STOCKS	74251V102	83,464	1,392	SH		SOLE	0	1,392	0	0
PROCTER AND GAMBLE CO COM	COMMON STOCKS	742718109	1,302,430	9,617	SH		SOLE	0	9,617	0	0
Progressive Corp	COMMON STOCKS	743315103	146,092	1,528	SH		SOLE	0	1,528	0	0
Prosus NV - ADR	AMERICAN DEPOSITARY RECEIPT	74365P108	156,299	7,031	SH		SOLE	0	7,031	0	0
Prudential Finl Inc	COMMON STOCKS	744320102	64,225	705	SH		SOLE	0	705	0	0
PUBLIC STORAGE 5.60 DEPSHS RP H	PREFERRED STOCK	74460w644	154,262	5,551	SH		SOLE	0	5,551	0	0
Pulte Homes Inc	COMMON STOCKS	745867101	133,669	2,549	SH		SOLE	0	2,549	0	0
PUTNAM GLOBAL EQUITY CL A	MUTUAL FUND	746772102	14,529	723	SH		SOLE	0	723	0	0
Putnam Income Fund	MUTUAL FUND	746792100	3,270	465	SH		SOLE	0	465	0	0
Putnam Multi-Cap Growth Fund - A	MUTUAL FUND	746916105	5,369	45	SH		SOLE	0	45	0	0
Putnam Multi-CP Core A	MUTUAL FUND	74676P888	6,027	181	SH		SOLE	0	181	0	0
Qualcomm Inc	COMMON STOCKS	747525103	295,675	2,230	SH		SOLE	0	2,230	0	0
Raytheon Technologies Corporation	COMMON STOCKS	75513e101	762,886	9,873	SH		SOLE	0	9,873	0	0
Recruit Holdings Co	COMMON STOCKS	j6433a101	190,453	3,896	SH		SOLE	0	3,896	0	0
Regency Ctrs Corp	COMMON STOCKS	758849103	66,917	1,180	SH		SOLE	0	1,180	0	0
Regeneron Pharmaceuticals	COMMON STOCKS	75886F107	202,030	427	SH		SOLE	0	427	0	0
Roku, Inc	COMMON STOCKS	77543R102	358,998	1,102	SH		SOLE	0	1,102	0	0
S&P Global Inc.	COMMON STOCKS	78409V104	163,025	462	SH		SOLE	0	462	0	0
Salesforce.com Inc	COMMON STOCKS	79466L302	1,531,396	7,228	SH		SOLE	0	7,228	0	0
SAP AG SPON ADR	AMERICAN DEPOSITARY RECEIPT	803054204	129,297	1,053	SH		SOLE	0	1,053	0	0
Schwab Charles Corp	COMMON STOCKS	808513105	258,243	3,962	SH		SOLE	0	3,962	0	0
Schwab Fundamental US Large Co Index Fund	MUTUAL FUND	808509442	232,444	11,116	SH		SOLE	0	11,116	0	0
Seafarer Overseas Growth & Income Fund	MUTUAL FUND	317609295	38,331	2,528	SH		SOLE	0	2,528	0	0
ServiceNow Inc.	COMMON STOCKS	81762P102	951,709	1,903	SH		SOLE	0	1,903	0	0
Sixth Street Specialty Lending Inc	CONVERTIBLE BOND	87265KAD4	3,179,980	2,852,000	SH		SOLE	0	2,852,000	0	0
Snap On Tools Corp	COMMON STOCKS	833034101	302,038	1,309	SH		SOLE	0	1,309	0	0
SONOS INC	COMMON STOCKS	83570H108	11,241	300	SH		SOLE	0	300	0	0
South Jersey Industries	CONVERTIBLE PREFERRED STOCK	838518116	1,179,020	30,509	SH		SOLE	0	30,509	0	0
Southern Co	CONVERTIBLE PREFERRED STOCK	842587602	3,048,715	59,479	SH		SOLE	0	59,479	0	0
Southwest Airlines Co	CONVERTIBLE BOND	844741BG2	4,173,167	2,411,000	SH		SOLE	0	2,411,000	0	0
Southwest Airlines co	COMMON STOCKS	844741108	79,378	1,300	SH		SOLE	0	1,300	0	0
SPDR S&P 500 ETF	EXCHANGE TRADED FUND	78462f103	248,498	627	SH		SOLE	0	627	0	0
Splunk Inc	COMMON STOCKS	848637104	394,246	2,910	SH		SOLE	0	2,910	0	0
Splunk Inc 1.125 percent 09/15/2025	CONVERTIBLE BOND	848637AD6	1,996,296	1,688,000	SH		SOLE	0	1,688,000	0	0
Spotify Technology S.A.	COMMON STOCKS	L8681T102	32,154	120	SH		SOLE	0	120	0	0
Sprott Physical Gold Trust	EXCHANGE TRADED FUND	85207h104	32,720	2,440	SH		SOLE	0	2,440	0	0
Square Inc.	COMMON STOCKS	852234103	609,629	2,685	SH		SOLE	0	2,685	0	0
Stanley Black & Decker	CONVERTIBLE PREFERRED STOCK	854502846	3,330,508	28,036	SH		SOLE	0	28,036	0	0
STARBUCKS CORP COM	COMMON STOCKS	855244109	3,723,156	34,073	SH		SOLE	0	34,073	0	0
STEEL DYNAMICS INC	COMMON STOCKS	858119100	90,099	1,775	SH		SOLE	0	1,775	0	0
Stitch Fix Inc. Class A	COMMON STOCKS	860897107	26,256	530	SH		SOLE	0	530	0	0
Stone Ridge High Yield Reinsurance Risk Premium	MUTUAL FUND	861728400	21,536	2,387	SH		SOLE	0	2,387	0	0
Stryker Corp	COMMON STOCKS	863667101	52,369	215	SH		SOLE	0	215	0	0
Synaptics Inc	CONVERTIBLE BOND	87157DAD1	3,195,960	1,729,000	SH		SOLE	0	1,729,000	0	0
T Rowe Price Global Multi-Sector Bond Fund	MUTUAL FUND	87282m107	1,118,169	94,921	SH		SOLE	0	94,921	0	0
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY	COMMON STOCKS	874039100	414,571	3,505	SH		SOLE	0	3,505	0	0
Target Corp	COMMON STOCKS	87612E106	1,634,869	8,254	SH		SOLE	0	8,254	0	0
Tesla inc.	COMMON STOCKS	88160r101	667	1	SH		SOLE	0	1	0	0
TEXAS INSTRS INC COM	COMMON STOCKS	882508104	3,407,489	18,030	SH		SOLE	0	18,030	0	0
TILRAY INC Class 2	COMMON STOCKS	88688T100	5,367,734	236,152	SH		SOLE	0	236,152	0	0
Tjx Cos Inc New	COMMON STOCKS	872540109	52,787	798	SH		SOLE	0	798	0	0
Travelers Companies	COMMON STOCKS	89417E109	183,036	1,217	SH		SOLE	0	1,217	0	0
Treasury Wine Estates	AMERICAN DEPOSITARY RECEIPT	89465j109	121,543	15,327	SH		SOLE	0	15,327	0	0
TW Rowe Price Blue Chip	MUTUAL FUND	77954Q106	330,103	1,985	SH		SOLE	0	1,985	0	0
Tyson Foods Inc	COMMON STOCKS	902494103	224,608	3,023	SH		SOLE	0	3,023	0	0
UNILEVER PLC SPON ADR NEW	AMERICAN DEPOSITARY RECEIPT	904767704	242,134	4,337	SH		SOLE	0	4,337	0	0
UNITED PARCEL SERVICE INC CL B	COMMON STOCKS	911312106	2,127,254	12,514	SH		SOLE	0	12,514	0	0
United States Copper Fund	EXCHANGE TRADED FUND	911718104	61,697	2,506	SH		SOLE	0	2,506	0	0
United States Gasoline Fund	EXCHANGE TRADED FUND	91201T102	59,648	1,893	SH		SOLE	0	1,893	0	0
Unitedhealth Group Inc	COMMON STOCKS	91324P102	378,023	1,016	SH		SOLE	0	1,016	0	0
VanEck International Investors Gold Fund	MUTUAL FUND	921075420	37,073	2,574	SH		SOLE	0	2,574	0	0
VanEck Vectors Investment Grade Floating Rate Bo	EXCHANGE TRADED FUND	92189F486	248,394	9,787	SH		SOLE	0	9,787	0	0
Vanguard Endergy Index Fund	EXCHANGE TRADED FUND	92204a306	43,860	645	SH		SOLE	0	645	0	0
Vanguard Mid-Cap Value ETF	EXCHANGE TRADED FUND	922908512	186,660	1,384	SH		SOLE	0	1,384	0	0
Vanguard Short-Term Corporate Bond ETF	EXCHANGE TRADED FUND	92206C409	124,575	1,510	SH		SOLE	0	1,510	0	0
Vanguard Small-Cap Grwth	EXCHANGE TRADED FUND	922908595	221,367	806	SH		SOLE	0	806	0	0
VERIZON COMMUNICATIONS INC COM	COMMON STOCKS	92343V104	240,799	4,141	SH		SOLE	0	4,141	0	0
Versus Capital MultiMgr Real Estate Fd	MUTUAL FUND	92532p207	18,406	668	SH		SOLE	0	668	0	0
VF Corp	COMMON STOCKS	918204108	93,666	1,172	SH		SOLE	0	1,172	0	0
Viatris Inc Com	COMMON STOCKS	92556V106	9,387	672	SH		SOLE	0	672	0	0
Victory Incore Low Duration Bond Fund	MUTUAL FUND	92647k366	300,067	29,418	SH		SOLE	0	29,418	0	0
Visa. Inc - Class A Shares	COMMON STOCKS	92826C839	106,923	505	SH		SOLE	0	505	0	0
Wabtec Corp	COMMON STOCKS	929740108	1,583	20	SH		SOLE	0	20	0	0
Walgreens Boots Alliance	COMMON STOCKS	931427108	106,780	1,945	SH		SOLE	0	1,945	0	0
WALMART INC COM	COMMON STOCKS	931142103	3,166,550	23,312	SH		SOLE	0	23,312	0	0
Walt Disney Co	COMMON STOCKS	254687106	2,132,682	11,558	SH		SOLE	0	11,558	0	0
WCM Focused International Growth Fund	MUTUAL FUND	461418444	78,459	3,171	SH		SOLE	0	3,171	0	0
Wells Fargo & Co	PREFERRED STOCK	949746556	111,756	4,170	SH		SOLE	0	4,170	0	0
Wells Fargo & Co New	COMMON STOCKS	949746101	74,350	1,903	SH		SOLE	0	1,903	0	0
Wells Fargo & Company PFD	CONVERTIBLE PREFERRED STOCK	949746804	3,297,841	2,348	SH		SOLE	0	2,348	0	0
Wesco International Inc	PREFERRED STOCK	95082P303	166,704	5,416	SH		SOLE	0	5,416	0	0
WESTERN ASSET CORE PLUS BOND C	MUTUAL FUND	957663503	51,552	4,324	SH		SOLE	0	4,324	0	0
Western Digital Corp	CONVERTIBLE BOND	958102AP0	3,549,678	3,431,000	SH		SOLE	0	3,431,000	0	0
Weyerhaeuser Co	COMMON STOCKS	962166104	76,646	2,153	SH		SOLE	0	2,153	0	0
Wisconsin Energy Corp	COMMON STOCKS	92939u106	133,272	1,424	SH		SOLE	0	1,424	0	0
wtus674599162	WARRANTS	674599162	2,191	184	SH		SOLE	0	184	0	0
YUM CHINA HOLDINGS INC	AMERICAN DEPOSITARY RECEIPT	98850p109	159,926	2,701	SH		SOLE	0	2,701	0	0
Zebra Technologies Corp Cl A	COMMON STOCKS	989207105	71,321	147	SH		SOLE	0	147	0	0