| 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 |
| iShares iBonds Dec 2022 AMT-F | COM | 46435G755 | 7,054 | 276,641 | SH | | SOLE | | 276,641 | 0 | 0 |
| 3M Company | COM | 88579Y101 | 105,602 | 481,060 | SH | | SOLE | | 481,060 | 0 | 0 |
| Abbott Laboratories | COM | 002824100 | 925 | 15,445 | SH | | SOLE | | 15,445 | 0 | 0 |
| Accenture PLC | COM | G1151C101 | 17,693 | 115,262 | SH | | SOLE | | 115,262 | 0 | 0 |
| Air Products & Chemicals Inc. | COM | 009158106 | 15,783 | 99,245 | SH | | SOLE | | 99,245 | 0 | 0 |
| Alcentra Capital Corporation | COM | 01374T102 | 1,203 | 172,787 | SH | | DFND | 1 | 0 | 172,787 | 0 |
| Allergan Inc. | COM | G0177J108 | 61,295 | 364,224 | SH | | SOLE | | 364,224 | 0 | 0 |
| Allied Motion Technologies Inc | COM | 019330109 | 4,945 | 124,392 | SH | | SOLE | | 124,392 | 0 | 0 |
| Allied Motion Technologies Inc | COM | 019330109 | 663 | 16,688 | SH | | DFND | 1 | 0 | 16,688 | 0 |
| Alphabet Inc. - Class A | COM | 02079K305 | 2,456 | 2,368 | SH | | SOLE | | 2,368 | 0 | 0 |
| Alphabet Inc. - Class C | COM | 02079K107 | 29,474 | 28,566 | SH | | SOLE | | 28,566 | 0 | 0 |
| American Express Company | COM | 025816109 | 44,801 | 480,283 | SH | | SOLE | | 480,283 | 0 | 0 |
| American International Group I | COM | 026874784 | 60,148 | 1,105,247 | SH | | SOLE | | 1,105,247 | 0 | 0 |
| Analog Devices Inc. | COM | 032654105 | 43,657 | 479,068 | SH | | SOLE | | 479,068 | 0 | 0 |
| Annaly Capital Management Inc. | COM | 035710409 | 49 | 4,674 | SH | | SOLE | | 4,674 | 0 | 0 |
| Annaly Capital Management Inc. | COM | 035710409 | 5,025 | 481,782 | SH | | DFND | 1 | 0 | 481,782 | 0 |
| Apollo Investment Corp. | COM | 03761U106 | 1,046 | 200,333 | SH | | SOLE | | 200,333 | 0 | 0 |
| Apollo Investment Corp. | COM | 03761U106 | 2,877 | 551,102 | SH | | DFND | 1 | 0 | 551,102 | 0 |
| Ares Capital Corp. | COM | 04010L103 | 71,614 | 4,512,538 | SH | | SOLE | | 4,512,538 | 0 | 0 |
| Ares Capital Corp. | COM | 04010L103 | 12,258 | 772,412 | SH | | DFND | 1 | 0 | 772,412 | 0 |
| ASTEC INDUSTRIES, INC. | COM | 046224101 | 3,782 | 68,531 | SH | | SOLE | | 68,531 | 0 | 0 |
| ASTEC INDUSTRIES, INC. | COM | 046224101 | 488 | 8,844 | SH | | DFND | 1 | 0 | 8,844 | 0 |
| Axalta Coating Systems LTD | COM | G0750C108 | 68,328 | 2,263,266 | SH | | SOLE | | 2,263,266 | 0 | 0 |
| Bank of America Corp. | COM | 060505104 | 636 | 21,211 | SH | | SOLE | | 21,211 | 0 | 0 |
| Bank of Marin (CA) | COM | 063425102 | 4,348 | 63,063 | SH | | SOLE | | 63,063 | 0 | 0 |
| Bank of Marin (CA) | COM | 063425102 | 547 | 7,934 | SH | | DFND | 1 | 0 | 7,934 | 0 |
| Barclays 20 Plus Year Treasury | COM | 464287432 | 18,031 | 147,919 | SH | | SOLE | | 147,919 | 0 | 0 |
| Barclays Capital High Yield Bo | COM | 78464A417 | 2,562 | 71,468 | SH | | SOLE | | 71,468 | 0 | 0 |
| Becton Dickinson and Company | COM | 075887109 | 18,229 | 84,119 | SH | | SOLE | | 84,119 | 0 | 0 |
| Belo Sun Mining Corp Com NPV | COM | 080558109 | 119 | 433,486 | SH | | SOLE | | 433,486 | 0 | 0 |
| Berkshire Hathaway Inc. - B | COM | 084670702 | 36,798 | 184,468 | SH | | SOLE | | 184,468 | 0 | 0 |
| Berkshire Hathaway Inc. - Clas | COM | 084670108 | 1,495 | 5 | SH | | SOLE | | 5 | 0 | 0 |
| Black Knight Inc | COM | 09215C105 | 104,915 | 2,227,505 | SH | | SOLE | | 2,227,505 | 0 | 0 |
| Broadridge Financial Solutions | COM | 11133T103 | 107,456 | 979,636 | SH | | SOLE | | 979,636 | 0 | 0 |
| Brown & Brown Inc. | COM | 115236101 | 24,528 | 964,145 | SH | | SOLE | | 964,145 | 0 | 0 |
| Brown & Brown Inc. | COM | 115236101 | 496 | 19,490 | SH | | DFND | 1 | 0 | 19,490 | 0 |
| Cambrex Corp | COM | 132011107 | 4,055 | 77,526 | SH | | SOLE | | 77,526 | 0 | 0 |
| Cambrex Corp | COM | 132011107 | 534 | 10,219 | SH | | DFND | 1 | 0 | 10,219 | 0 |
| Capstead Mortgage Corp. | COM | 14067E506 | 22 | 2,562 | SH | | SOLE | | 2,562 | 0 | 0 |
| Capstead Mortgage Corp. | COM | 14067E506 | 939 | 108,500 | SH | | DFND | 1 | 0 | 108,500 | 0 |
| Centennial Resource Developmen | COM | 15136A102 | 189 | 10,276 | SH | | SOLE | | 10,276 | 0 | 0 |
| Chevron Corp. | COM | 166764100 | 104,579 | 917,040 | SH | | SOLE | | 917,040 | 0 | 0 |
| Chubb Limited | COM | H1467J104 | 104,190 | 761,787 | SH | | SOLE | | 761,787 | 0 | 0 |
| CM Finance Inc. | COM | 12574Q103 | 809 | 98,629 | SH | | SOLE | | 98,629 | 0 | 0 |
| CM Finance Inc. | COM | 12574Q103 | 1,069 | 130,340 | SH | | DFND | 1 | 0 | 130,340 | 0 |
| Colgate-Palmolive Co. | COM | 194162103 | 107,508 | 1,499,833 | SH | | SOLE | | 1,499,833 | 0 | 0 |
| Colony Northstar Inc | COM | 19625W104 | 9,658 | 1,718,491 | SH | | SOLE | | 1,718,491 | 0 | 0 |
| Commerce Bancshares Inc. | COM | 200525103 | 18,213 | 304,008 | SH | | SOLE | | 304,008 | 0 | 0 |
| Compagnie Financiere Richemont | COM | 204319107 | 68,966 | 7,700,489 | SH | | SOLE | | 7,700,489 | 0 | 0 |
| Continental Resources, Inc. | COM | 212015101 | 232 | 3,937 | SH | | SOLE | | 3,937 | 0 | 0 |
| Corporate Capital Trust Inc | COM | 219880101 | 1,121 | 66,348 | SH | | SOLE | | 66,348 | 0 | 0 |
| Corporate Capital Trust Inc | COM | 219880101 | 169 | 10,000 | SH | | DFND | 1 | 0 | 10,000 | 0 |
| Cullen Frost Bankers Inc. | COM | 229899109 | 15,551 | 146,612 | SH | | SOLE | | 146,612 | 0 | 0 |
| Culp Inc. | COM | 230215105 | 3,726 | 121,959 | SH | | SOLE | | 121,959 | 0 | 0 |
| Culp Inc. | COM | 230215105 | 532 | 17,398 | SH | | DFND | 1 | 0 | 17,398 | 0 |
| CYS Investments Inc | COM | 12673A108 | 19 | 2,792 | SH | | SOLE | | 2,792 | 0 | 0 |
| CYS Investments Inc | COM | 12673A108 | 6,245 | 929,380 | SH | | DFND | 1 | 0 | 929,380 | 0 |
| Diageo (Adr 1:4) | COM | 25243Q205 | 132,340 | 977,254 | SH | | SOLE | | 977,254 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 | 65,741 | 623,842 | SH | | SOLE | | 623,842 | 0 | 0 |
| Discovery Communications Inc. | COM | 25470F302 | 30,553 | 1,565,195 | SH | | SOLE | | 1,565,195 | 0 | 0 |
| Donaldson Inc. | COM | 257651109 | 16,060 | 356,493 | SH | | SOLE | | 356,493 | 0 | 0 |
| Dow Jones U.S. Select Dividend | COM | 464288448 | 226 | 6,841 | SH | | SOLE | | 6,841 | 0 | 0 |
| Dow Jones US Financial Sector | COM | 464287788 | 1,492 | 12,665 | SH | | SOLE | | 12,665 | 0 | 0 |
| Dow Jones US Technology - iSha | COM | 464287721 | 1,541 | 9,161 | SH | | SOLE | | 9,161 | 0 | 0 |
| DowDuPont Inc | COM | 26078J100 | 139,846 | 2,195,042 | SH | | SOLE | | 2,195,042 | 0 | 0 |
| Energy Select Sector - SPDR | COM | 81369Y506 | 1,228 | 18,215 | SH | | SOLE | | 18,215 | 0 | 0 |
| EOG Resources | COM | 26875P101 | 352 | 3,346 | SH | | SOLE | | 3,346 | 0 | 0 |
| ETFS Physical Platinum | COM | 26922v101 | 387 | 4,370 | SH | | SOLE | | 4,370 | 0 | 0 |
| European ETF - Vanguard | COM | 922042874 | 4,619 | 79,440 | SH | | SOLE | | 79,440 | 0 | 0 |
| Expeditors International of Wa | COM | 302130109 | 14,814 | 234,031 | SH | | SOLE | | 234,031 | 0 | 0 |
| Exponent Inc. | COM | 30214U102 | 1,351 | 17,183 | SH | | SOLE | | 17,183 | 0 | 0 |
| Exponent Inc. | COM | 30214U102 | 173 | 2,198 | SH | | DFND | 1 | 0 | 2,198 | 0 |
| Exxon Mobil Corp. | COM | 30231G102 | 12,786 | 171,371 | SH | | SOLE | | 171,371 | 0 | 0 |
| Fastenal Co. | COM | 311900104 | 127,049 | 2,327,332 | SH | | SOLE | | 2,327,332 | 0 | 0 |
| Fidelity National Financial In | COM | 31620R303 | 97,210 | 2,429,040 | SH | | SOLE | | 2,429,040 | 0 | 0 |
| Fortuna Silver Mines Inc | COM | 349915108 | 113 | 21,597 | SH | | SOLE | | 21,597 | 0 | 0 |
| Forward Air Corp. | COM | 349853101 | 3,831 | 72,471 | SH | | SOLE | | 72,471 | 0 | 0 |
| Forward Air Corp. | COM | 349853101 | 530 | 10,022 | SH | | DFND | 1 | 0 | 10,022 | 0 |
| Franco-Nevada Corp. | COM | 351858105 | 292 | 4,269 | SH | | SOLE | | 4,269 | 0 | 0 |
| Franklin Electric Co. Inc. | COM | 353514102 | 943 | 23,140 | SH | | SOLE | | 23,140 | 0 | 0 |
| Franklin Electric Co. Inc. | COM | 353514102 | 156 | 3,833 | SH | | DFND | 1 | 0 | 3,833 | 0 |
| Franklin Street Properties Cor | COM | 35471R106 | 673 | 80,000 | SH | | SOLE | | 80,000 | 0 | 0 |
| FS Investment Corp. | COM | 302635107 | 2,701 | 372,534 | SH | | SOLE | | 372,534 | 0 | 0 |
| FS Investment Corp. | COM | 302635107 | 2,250 | 310,300 | SH | | DFND | 1 | 0 | 310,300 | 0 |
| Gartner Inc | COM | 366651107 | 760 | 6,458 | SH | | SOLE | | 6,458 | 0 | 0 |
| Gartner Inc | COM | 366651107 | 150 | 1,272 | SH | | DFND | 1 | 0 | 1,272 | 0 |
| General Dynamics Corp. | COM | 369550108 | 17,599 | 79,669 | SH | | SOLE | | 79,669 | 0 | 0 |
| Gilead Sciences, Inc. | COM | 375558103 | 59,311 | 786,729 | SH | | SOLE | | 786,729 | 0 | 0 |
| Gladstone Commercial Corp. | COM | 376536108 | 3,852 | 222,149 | SH | | SOLE | | 222,149 | 0 | 0 |
| Gladstone Commercial Corp. | COM | 376536108 | 520 | 30,008 | SH | | DFND | 1 | 0 | 30,008 | 0 |
| GlaxoSmithKline Plc (Adr 1:2) | COM | 37733W105 | 61,812 | 1,582,073 | SH | | SOLE | | 1,582,073 | 0 | 0 |
| Goldman Sachs BDC Inc. | COM | 38147U107 | 2,286 | 119,492 | SH | | SOLE | | 119,492 | 0 | 0 |
| Goldman Sachs BDC Inc. | COM | 38147U107 | 1,015 | 53,063 | SH | | DFND | 1 | 0 | 53,063 | 0 |
| Golub Capital BDC Inc. | COM | 38173M102 | 4,342 | 242,683 | SH | | SOLE | | 242,683 | 0 | 0 |
| Golub Capital BDC Inc. | COM | 38173M102 | 7,688 | 429,730 | SH | | DFND | 1 | 0 | 429,730 | 0 |
| Graco Inc. | COM | 384109104 | 104,298 | 2,281,229 | SH | | SOLE | | 2,281,229 | 0 | 0 |
| Graco Inc. | COM | 384109104 | 185 | 4,050 | SH | | DFND | 1 | 0 | 4,050 | 0 |
| Guggenheim BulletShares Corpor | COM | 18383M522 | 5,697 | 271,562 | SH | | SOLE | | 271,562 | 0 | 0 |
| Guggenheim BulletShares Invest | COM | 18383M514 | 5,668 | 269,135 | SH | | SOLE | | 269,135 | 0 | 0 |
| Guggenheim BulletShares Invest | COM | 18383M266 | 5,645 | 271,131 | SH | | SOLE | | 271,131 | 0 | 0 |
| Guggenheim BulletShares Invest | COM | 18383M258 | 5,641 | 271,588 | SH | | SOLE | | 271,588 | 0 | 0 |
| Guggenheim BulletShares Invest | COM | 18383M233 | 16,852 | 831,363 | SH | | SOLE | | 831,363 | 0 | 0 |
| Guggenheim BulletShares Invest | COM | 18383M191 | 3,734 | 186,443 | SH | | SOLE | | 186,443 | 0 | 0 |
| Halyard Health Inc. | COM | 40650V100 | 4,356 | 94,525 | SH | | SOLE | | 94,525 | 0 | 0 |
| Halyard Health Inc. | COM | 40650V100 | 616 | 13,364 | SH | | DFND | 1 | 0 | 13,364 | 0 |
| Harvest Capital Credit Corp | COM | 41753F109 | 171 | 16,699 | SH | | DFND | 1 | 0 | 16,699 | 0 |
| Hercules Technology Growth Cap | COM | 427096508 | 2,808 | 232,032 | SH | | SOLE | | 232,032 | 0 | 0 |
| Hercules Technology Growth Cap | COM | 427096508 | 6,953 | 574,598 | SH | | DFND | 1 | 0 | 574,598 | 0 |
| High Yield Corporate Bond Fund | COM | 464288513 | 2,572 | 30,033 | SH | | SOLE | | 30,033 | 0 | 0 |
| Hilton Worldwide Holdings Inc. | COM | 43300A203 | 4,151 | 52,701 | SH | | SOLE | | 52,701 | 0 | 0 |
| Home Depot Inc. | COM | 437076102 | 21,098 | 118,370 | SH | | SOLE | | 118,370 | 0 | 0 |
| Illinois Tool Works Inc. | COM | 452308109 | 42,691 | 272,509 | SH | | SOLE | | 272,509 | 0 | 0 |
| Innophos Holdings Inc | COM | 45774N108 | 3,551 | 88,304 | SH | | SOLE | | 88,304 | 0 | 0 |
| Innophos Holdings Inc | COM | 45774N108 | 550 | 13,690 | SH | | DFND | 1 | 0 | 13,690 | 0 |
| Iron Mountain | COM | 46284V101 | 87,289 | 2,656,402 | SH | | SOLE | | 2,656,402 | 0 | 0 |
| iShares 7-10 Year Treasury Bon | COM | 464287440 | 27,940 | 270,758 | SH | | SOLE | | 270,758 | 0 | 0 |
| iShares Corporate Bond ETF 202 | COM | 46432FAZ0 | 13,062 | 506,102 | SH | | SOLE | | 506,102 | 0 | 0 |
| iShares Corporate ex Financial | COM | 46432FAK3 | 9,470 | 388,408 | SH | | SOLE | | 388,408 | 0 | 0 |
| iShares Corporate ex Financial | COM | 46432FAN7 | 18,671 | 785,164 | SH | | SOLE | | 785,164 | 0 | 0 |
| iShares Corporate iBonds ETF 2 | COM | 46435GAA0 | 14,947 | 631,458 | SH | | SOLE | | 631,458 | 0 | 0 |
| iShares Floating Rate Note Fun | COM | 46429B655 | 242 | 4,755 | SH | | SOLE | | 4,755 | 0 | 0 |
| iShares Gold Trust | COM | 464285105 | 1,053 | 82,680 | SH | | SOLE | | 82,680 | 0 | 0 |
| iShares iBonds Dec 2021 AMT-Fr | COM | 46435G789 | 7,121 | 280,361 | SH | | SOLE | | 280,361 | 0 | 0 |
| iShares iBonds Dec 2021 Term C | COM | 46434VBK5 | 4,438 | 181,351 | SH | | SOLE | | 181,351 | 0 | 0 |
| iShares iBonds Dec 2023 Term C | COM | 46434VAX8 | 2,510 | 102,533 | SH | | SOLE | | 102,533 | 0 | 0 |
| iShares iBonds Dec 2025 Term C | COM | 46434VBD1 | 2,506 | 103,256 | SH | | SOLE | | 103,256 | 0 | 0 |
| iShares iBonds Dec 2027 Term C | COM | 46435UAA9 | 2,518 | 104,599 | SH | | SOLE | | 104,599 | 0 | 0 |
| iShares iBonds Sep 2019 Amt Fr | COM | 46429B564 | 3,171 | 125,337 | SH | | SOLE | | 125,337 | 0 | 0 |
| iShares iBonds Sep 2020 Amt Fr | COM | 46434V571 | 5,137 | 202,568 | SH | | SOLE | | 202,568 | 0 | 0 |
| iShares Interm. Term Corporate | COM | 464288638 | 7,592 | 70,792 | SH | | SOLE | | 70,792 | 0 | 0 |
| iShares MBS Bond ETF | COM | 464288588 | 19,665 | 187,926 | SH | | SOLE | | 187,926 | 0 | 0 |
| iShares MSCI ACWI EX US ETF | COM | 464288240 | 6,336 | 127,519 | SH | | SOLE | | 127,519 | 0 | 0 |
| iShares MSCI Emerging Markets | COM | 464286475 | 1,174 | 22,000 | SH | | SOLE | | 22,000 | 0 | 0 |
| iShares Muni Bond 2023 | COM | 46435G318 | 1,712 | 68,785 | SH | | SOLE | | 68,785 | 0 | 0 |
| iShares National AMT-Free Muni | COM | 464288414 | 4,509 | 41,389 | SH | | SOLE | | 41,389 | 0 | 0 |
| iShares Residential Real Estat | COM | 464288562 | 2,347 | 40,703 | SH | | SOLE | | 40,703 | 0 | 0 |
| John Bean Technologies Corp. | COM | 477839104 | 2,557 | 22,552 | SH | | SOLE | | 22,552 | 0 | 0 |
| John Bean Technologies Corp. | COM | 477839104 | 390 | 3,436 | SH | | DFND | 1 | 0 | 3,436 | 0 |
| Johnson & Johnson | COM | 478160104 | 137,377 | 1,072,001 | SH | | SOLE | | 1,072,001 | 0 | 0 |
| JP Morgan Chase & Company | COM | 46625H100 | 1,052 | 9,564 | SH | | SOLE | | 9,564 | 0 | 0 |
| KCAP Financial Inc | COM | 48668E101 | 1,069 | 340,472 | SH | | DFND | 1 | 0 | 340,472 | 0 |
| Kemper Corp. | COM | 488401100 | 255 | 4,470 | SH | | SOLE | | 4,470 | 0 | 0 |
| Kimberly-Clark Corporation | COM | 494368103 | 221 | 2,008 | SH | | SOLE | | 2,008 | 0 | 0 |
| Kinder Morgan Inc. | COM | 49456B101 | 71,319 | 4,735,665 | SH | | SOLE | | 4,735,665 | 0 | 0 |
| Kraft Heinz Co. | COM | 500754106 | 69,840 | 1,121,206 | SH | | SOLE | | 1,121,206 | 0 | 0 |
| Lockheed Martin Corp | COM | 539830109 | 18,330 | 54,242 | SH | | SOLE | | 54,242 | 0 | 0 |
| Lowe's Companies Inc. | COM | 548661107 | 29,271 | 333,578 | SH | | SOLE | | 333,578 | 0 | 0 |
| Luxoft Holding Inc | COM | G57279104 | 3,258 | 79,571 | SH | | SOLE | | 79,571 | 0 | 0 |
| Luxoft Holding Inc | COM | G57279104 | 495 | 12,076 | SH | | DFND | 1 | 0 | 12,076 | 0 |
| M&T Bank Corp. | COM | 55261F104 | 18,355 | 99,559 | SH | | SOLE | | 99,559 | 0 | 0 |
| Main Street Capital Corp. | COM | 56035L104 | 1,386 | 37,566 | SH | | SOLE | | 37,566 | 0 | 0 |
| Main Street Capital Corp. | COM | 56035L104 | 1,812 | 49,107 | SH | | DFND | 1 | 0 | 49,107 | 0 |
| Manatuck Hill Mariner Offshore | COM | 562996983 | 325 | 2,479 | SH | | SOLE | | 2,479 | 0 | 0 |
| Markel Corp. | COM | 570535104 | 79,240 | 67,712 | SH | | SOLE | | 67,712 | 0 | 0 |
| Martin Marietta Materials Inc. | COM | 573284106 | 92,883 | 448,059 | SH | | SOLE | | 448,059 | 0 | 0 |
| Mastercard Inc. - A | COM | 57636Q104 | 60,372 | 344,668 | SH | | SOLE | | 344,668 | 0 | 0 |
| Materials Select Sector - SPDR | COM | 81369Y100 | 1,275 | 22,385 | SH | | SOLE | | 22,385 | 0 | 0 |
| McDonald's Corp. | COM | 580135101 | 16,979 | 108,575 | SH | | SOLE | | 108,575 | 0 | 0 |
| MDU Resources Group Inc. | COM | 552690109 | 16,360 | 580,983 | SH | | SOLE | | 580,983 | 0 | 0 |
| Medley Capital Corp. | COM | 58503F106 | 2,335 | 586,714 | SH | | DFND | 1 | 0 | 586,714 | 0 |
| Medtronic | COM | G5960L103 | 16,343 | 203,725 | SH | | SOLE | | 203,725 | 0 | 0 |
| Microsoft Corp. | COM | 594918104 | 132,205 | 1,448,508 | SH | | SOLE | | 1,448,508 | 0 | 0 |
| Monotype Imaging Holdings Inc. | COM | 61022P100 | 4,079 | 181,690 | SH | | SOLE | | 181,690 | 0 | 0 |
| Monotype Imaging Holdings Inc. | COM | 61022P100 | 605 | 26,964 | SH | | DFND | 1 | 0 | 26,964 | 0 |
| Morningstar Inc. | COM | 617700109 | 12,872 | 134,757 | SH | | SOLE | | 134,757 | 0 | 0 |
| Morningstar Inc. | COM | 617700109 | 658 | 6,892 | SH | | DFND | 1 | 0 | 6,892 | 0 |
| Movado Group Inc. | COM | 624580106 | 5,394 | 140,465 | SH | | SOLE | | 140,465 | 0 | 0 |
| Movado Group Inc. | COM | 624580106 | 736 | 19,174 | SH | | DFND | 1 | 0 | 19,174 | 0 |
| MSC Industrial Direct Co. Inc. | COM | 553530106 | 41,492 | 452,423 | SH | | SOLE | | 452,423 | 0 | 0 |
| MTS Systems Corp. | COM | 553777103 | 19,682 | 381,072 | SH | | SOLE | | 381,072 | 0 | 0 |
| MTS Systems Corp. | COM | 553777103 | 579 | 11,204 | SH | | DFND | 1 | 0 | 11,204 | 0 |
| Natus Medical Inc. | COM | 639050103 | 32,879 | 977,082 | SH | | SOLE | | 977,082 | 0 | 0 |
| Natus Medical Inc. | COM | 639050103 | 547 | 16,269 | SH | | DFND | 1 | 0 | 16,269 | 0 |
| Nestle SA | COM | 641069406 | 14,249 | 180,440 | SH | | SOLE | | 180,440 | 0 | 0 |
| New Jersey Resources Corp. | COM | 646025106 | 15,915 | 396,874 | SH | | SOLE | | 396,874 | 0 | 0 |
| New Mountain Finance Corp. | COM | 647551100 | 4,508 | 342,783 | SH | | SOLE | | 342,783 | 0 | 0 |
| New Mountain Finance Corp. | COM | 647551100 | 7,595 | 577,564 | SH | | DFND | 1 | 0 | 577,564 | 0 |
| Nike Inc. - B | COM | 654106103 | 15,710 | 236,447 | SH | | SOLE | | 236,447 | 0 | 0 |
| Nordstrom Inc. | COM | 655664100 | 12,000 | 247,880 | SH | | SOLE | | 247,880 | 0 | 0 |
| Northern Trust Corporation | COM | 665859104 | 124,030 | 1,202,654 | SH | | SOLE | | 1,202,654 | 0 | 0 |
| Novartis AG - ADR | COM | 66987V109 | 13,704 | 169,499 | SH | | SOLE | | 169,499 | 0 | 0 |
| NXP Semiconductors N.V. | COM | N6596X109 | 34,644 | 296,102 | SH | | SOLE | | 296,102 | 0 | 0 |
| Oaktree Specialty Lending Corp | COM | 67401P108 | 1,315 | 312,362 | SH | | SOLE | | 312,362 | 0 | 0 |
| OFS Capital Corp. | COM | 67103B100 | 2,685 | 239,293 | SH | | SOLE | | 239,293 | 0 | 0 |
| OFS Capital Corp. | COM | 67103B100 | 2,267 | 202,084 | SH | | DFND | 1 | 0 | 202,084 | 0 |
| Oracle Corporation | COM | 68389X105 | 26,762 | 584,968 | SH | | SOLE | | 584,968 | 0 | 0 |
| Patterson Companies Inc. | COM | 703395103 | 10,168 | 457,383 | SH | | SOLE | | 457,383 | 0 | 0 |
| Patterson Companies Inc. | COM | 703395103 | 546 | 24,555 | SH | | DFND | 1 | 0 | 24,555 | 0 |
| Paychex Inc. | COM | 704326107 | 108,630 | 1,763,765 | SH | | SOLE | | 1,763,765 | 0 | 0 |
| PennantPark Floating Rate Capi | COM | 70806A106 | 1,167 | 89,158 | SH | | SOLE | | 89,158 | 0 | 0 |
| PennantPark Floating Rate Capi | COM | 70806A106 | 1,082 | 82,645 | SH | | DFND | 1 | 0 | 82,645 | 0 |
| PennantPark Investment Corp. | COM | 708062104 | 1,106 | 165,578 | SH | | SOLE | | 165,578 | 0 | 0 |
| PennantPark Investment Corp. | COM | 708062104 | 5,044 | 755,081 | SH | | DFND | 1 | 0 | 755,081 | 0 |
| Pepsico Inc. | COM | 713448108 | 129,756 | 1,188,785 | SH | | SOLE | | 1,188,785 | 0 | 0 |
| Pfizer Inc. | COM | 717081103 | 87,405 | 2,462,817 | SH | | SOLE | | 2,462,817 | 0 | 0 |
| Pimco Enhanced Short Maturity | COM | 72201R833 | 241 | 2,375 | SH | | SOLE | | 2,375 | 0 | 0 |
| Pioneer Natural Resources Co. | COM | 723787107 | 268 | 1,560 | SH | | SOLE | | 1,560 | 0 | 0 |
| Polaris Industries | COM | 731068102 | 124,225 | 1,084,741 | SH | | SOLE | | 1,084,741 | 0 | 0 |
| Potbelly Corp. | COM | 73754Y100 | 3,539 | 293,666 | SH | | SOLE | | 293,666 | 0 | 0 |
| Potbelly Corp. | COM | 73754Y100 | 544 | 45,153 | SH | | DFND | 1 | 0 | 45,153 | 0 |
| Potlatch Corp. | COM | 737630103 | 249 | 4,792 | SH | | SOLE | | 4,792 | 0 | 0 |
| Praxair Inc. | COM | 74005P104 | 109,101 | 756,068 | SH | | SOLE | | 756,068 | 0 | 0 |
| Procter & Gamble Company | COM | 742718109 | 13,536 | 170,731 | SH | | SOLE | | 170,731 | 0 | 0 |
| Progressive Corp. | COM | 743315103 | 119,882 | 1,967,536 | SH | | SOLE | | 1,967,536 | 0 | 0 |
| Raven Industries Inc. | COM | 754212108 | 4,477 | 127,726 | SH | | SOLE | | 127,726 | 0 | 0 |
| Raven Industries Inc. | COM | 754212108 | 470 | 13,405 | SH | | DFND | 1 | 0 | 13,405 | 0 |
| Rayonier Inc. | COM | 754907103 | 107,725 | 3,062,101 | SH | | SOLE | | 3,062,101 | 0 | 0 |
| Rayonier Inc. | COM | 754907103 | 679 | 19,288 | SH | | DFND | 1 | 0 | 19,288 | 0 |
| RBC Bearings Incorporated | COM | 75524B104 | 2,641 | 21,261 | SH | | SOLE | | 21,261 | 0 | 0 |
| RBC Bearings Incorporated | COM | 75524B104 | 512 | 4,126 | SH | | DFND | 1 | 0 | 4,126 | 0 |
| RE/MAX Holdings Inc. | COM | 75524W108 | 5,167 | 85,470 | SH | | SOLE | | 85,470 | 0 | 0 |
| RE/MAX Holdings Inc. | COM | 75524W108 | 658 | 10,893 | SH | | DFND | 1 | 0 | 10,893 | 0 |
| REIT Index - Vanguard | COM | 922908553 | 534 | 7,071 | SH | | SOLE | | 7,071 | 0 | 0 |
| RMR Group Inc | COM | 74967R106 | 4,862 | 69,502 | SH | | SOLE | | 69,502 | 0 | 0 |
| RMR Group Inc | COM | 74967R106 | 626 | 8,949 | SH | | DFND | 1 | 0 | 8,949 | 0 |
| Royal Gold, Inc. | COM | 780287108 | 338 | 3,932 | SH | | SOLE | | 3,932 | 0 | 0 |
| RSP Permian, Inc. | COM | 74978Q105 | 291 | 6,202 | SH | | SOLE | | 6,202 | 0 | 0 |
| Russell 2000 Growth Index - iS | COM | 464287648 | 372 | 1,951 | SH | | SOLE | | 1,951 | 0 | 0 |
| S&P 500 - SPDR | COM | 78462F103 | 3,621 | 13,762 | SH | | SOLE | | 13,762 | 0 | 0 |
| S&P 500 Growth Index - iShares | COM | 464287309 | 19,177 | 123,667 | SH | | SOLE | | 123,667 | 0 | 0 |
| S&P 500 Index Fund - iShares | COM | 464287200 | 645 | 2,432 | SH | | SOLE | | 2,432 | 0 | 0 |
| S&P 500 Value Index - iShares | COM | 464287408 | 12,408 | 113,480 | SH | | SOLE | | 113,480 | 0 | 0 |
| S&P MidCap 400 Growth Index Fu | COM | 464287606 | 10,371 | 47,500 | SH | | SOLE | | 47,500 | 0 | 0 |
| S&P MidCap 400 Value Index Fun | COM | 464287705 | 6,999 | 45,303 | SH | | SOLE | | 45,303 | 0 | 0 |
| S&P SmallCap 600 Growth Index | COM | 464287887 | 8,652 | 49,768 | SH | | SOLE | | 49,768 | 0 | 0 |
| S&P SmallCap 600 Index Fund - | COM | 464287804 | 288 | 3,739 | SH | | SOLE | | 3,739 | 0 | 0 |
| S&P SmallCap 600 Value Index F | COM | 464287879 | 5,828 | 38,638 | SH | | SOLE | | 38,638 | 0 | 0 |
| Sabina Gold & Silver Co NPV | COM | 785246109 | 133 | 111,684 | SH | | SOLE | | 111,684 | 0 | 0 |
| Schlumberger Ltd. | COM | 806857108 | 39,272 | 606,244 | SH | | SOLE | | 606,244 | 0 | 0 |
| Seabridge Gold Inc. | COM | 811916105 | 174 | 16,155 | SH | | SOLE | | 16,155 | 0 | 0 |
| SEI Investments Company | COM | 784117103 | 20,451 | 273,006 | SH | | SOLE | | 273,006 | 0 | 0 |
| Silver Trust - iShares | COM | 46428Q109 | 188 | 12,202 | SH | | SOLE | | 12,202 | 0 | 0 |
| Solar Capital Ltd. | COM | 83413U100 | 3,932 | 193,601 | SH | | SOLE | | 193,601 | 0 | 0 |
| Solar Capital Ltd. | COM | 83413U100 | 6,006 | 295,709 | SH | | DFND | 1 | 0 | 295,709 | 0 |
| Solar Senior Capital Ltd. | COM | 83416M105 | 1,128 | 67,158 | SH | | SOLE | | 67,158 | 0 | 0 |
| Solar Senior Capital Ltd. | COM | 83416M105 | 403 | 24,013 | SH | | DFND | 1 | 0 | 24,013 | 0 |
| Southern Company | COM | 842587107 | 98,350 | 2,202,197 | SH | | SOLE | | 2,202,197 | 0 | 0 |
| SPDR Nuveen Barclays Capital M | COM | 78468R721 | 9,644 | 200,785 | SH | | SOLE | | 200,785 | 0 | 0 |
| SPDR Portfolio Intermediate Te | COM | 78464A375 | 15,022 | 447,869 | SH | | SOLE | | 447,869 | 0 | 0 |
| SPDR Portfolio World Ex US ETF | COM | 78463X889 | 3,599 | 114,494 | SH | | SOLE | | 114,494 | 0 | 0 |
| Starbucks Corporation | COM | 855244109 | 44,640 | 771,126 | SH | | SOLE | | 771,126 | 0 | 0 |
| Stellus Capital Investment | COM | 858568108 | 2,461 | 213,781 | SH | | SOLE | | 213,781 | 0 | 0 |
| Stellus Capital Investment | COM | 858568108 | 3,915 | 340,126 | SH | | DFND | 1 | 0 | 340,126 | 0 |
| Stryker Corp. | COM | 863667101 | 84,673 | 526,180 | SH | | SOLE | | 526,180 | 0 | 0 |
| T. Rowe Price Group Inc. | COM | 74144T108 | 19,004 | 176,011 | SH | | SOLE | | 176,011 | 0 | 0 |
| TCP Capital Corp. | COM | 87238Q103 | 3,524 | 247,810 | SH | | SOLE | | 247,810 | 0 | 0 |
| TCP Capital Corp. | COM | 87238Q103 | 7,136 | 501,863 | SH | | DFND | 1 | 0 | 501,863 | 0 |
| Techne Corp. | COM | 09073M104 | 4,226 | 27,978 | SH | | SOLE | | 27,978 | 0 | 0 |
| Techne Corp. | COM | 09073M104 | 533 | 3,527 | SH | | DFND | 1 | 0 | 3,527 | 0 |
| The Boston Beer Company Inc. | COM | 100557107 | 4,487 | 23,733 | SH | | SOLE | | 23,733 | 0 | 0 |
| The Boston Beer Company Inc. | COM | 100557107 | 808 | 4,272 | SH | | DFND | 1 | 0 | 4,272 | 0 |
| The Clorox Company | COM | 189054109 | 15,711 | 118,027 | SH | | SOLE | | 118,027 | 0 | 0 |
| The Coca-Cola Company | COM | 191216100 | 430 | 9,906 | SH | | SOLE | | 9,906 | 0 | 0 |
| Thermo Fisher Scientific Inc. | COM | 883556102 | 34,773 | 168,424 | SH | | SOLE | | 168,424 | 0 | 0 |
| Thermon Group Holdings Inc. | COM | 88362T103 | 4,634 | 206,778 | SH | | SOLE | | 206,778 | 0 | 0 |
| Thermon Group Holdings Inc. | COM | 88362T103 | 664 | 29,638 | SH | | DFND | 1 | 0 | 29,638 | 0 |
| THL Credit, Inc. | COM | 872438106 | 2,518 | 324,016 | SH | | SOLE | | 324,016 | 0 | 0 |
| THL Credit, Inc. | COM | 872438106 | 5,809 | 747,618 | SH | | DFND | 1 | 0 | 747,618 | 0 |
| TJX Companies | COM | 872540109 | 50,497 | 619,136 | SH | | SOLE | | 619,136 | 0 | 0 |
| Torex Gold Res Inc | COM | 891054603 | 77 | 12,652 | SH | | SOLE | | 12,652 | 0 | 0 |
| TPG Specialty Lending, Inc. | COM | 87265K102 | 2,754 | 154,202 | SH | | SOLE | | 154,202 | 0 | 0 |
| TPG Specialty Lending, Inc. | COM | 87265K102 | 3,693 | 206,751 | SH | | DFND | 1 | 0 | 206,751 | 0 |
| Triangle Capital Corp. | COM | 895848109 | 2,258 | 202,860 | SH | | SOLE | | 202,860 | 0 | 0 |
| Triangle Capital Corp. | COM | 895848109 | 4,080 | 366,594 | SH | | DFND | 1 | 0 | 366,594 | 0 |
| TriplePoint Venture Growth BDC | COM | 89677Y100 | 2,666 | 223,058 | SH | | SOLE | | 223,058 | 0 | 0 |
| TriplePoint Venture Growth BDC | COM | 89677Y100 | 5,662 | 473,845 | SH | | DFND | 1 | 0 | 473,845 | 0 |
| United Technologies Corp. | COM | 913017109 | 41,133 | 326,923 | SH | | SOLE | | 326,923 | 0 | 0 |
| US Bancorp | COM | 902973304 | 274 | 5,429 | SH | | SOLE | | 5,429 | 0 | 0 |
| VanEck Vectors Long Municipal | COM | 92189F536 | 9,186 | 462,080 | SH | | SOLE | | 462,080 | 0 | 0 |
| Vanguard Long Term Corporate B | COM | 92206C813 | 2,183 | 23,890 | SH | | SOLE | | 23,890 | 0 | 0 |
| Vanguard MSCI Emerging Markets | COM | 922042858 | 7,990 | 170,067 | SH | | SOLE | | 170,067 | 0 | 0 |
| Vanguard Total Stock Market | COM | 922908769 | 218 | 1,607 | SH | | SOLE | | 1,607 | 0 | 0 |
| Varex Imaging Corp | COM | 92214x106 | 4,619 | 129,095 | SH | | SOLE | | 129,095 | 0 | 0 |
| Varex Imaging Corp | COM | 92214x106 | 535 | 14,941 | SH | | DFND | 1 | 0 | 14,941 | 0 |
| Veritex Holdings | COM | 923451108 | 3,861 | 139,528 | SH | | SOLE | | 139,528 | 0 | 0 |
| Veritex Holdings | COM | 923451108 | 591 | 21,369 | SH | | DFND | 1 | 0 | 21,369 | 0 |
| Visa, Inc. - A | COM | 92826C839 | 753 | 6,297 | SH | | SOLE | | 6,297 | 0 | 0 |
| Vulcan Materials Co. | COM | 929160109 | 234 | 2,047 | SH | | SOLE | | 2,047 | 0 | 0 |
| W.R. Berkley Corp. | COM | 084423102 | 34,735 | 477,786 | SH | | SOLE | | 477,786 | 0 | 0 |
| Wells Fargo & Company | COM | 949746101 | 210 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
| Weyerhaeuser Co. | COM | 962166104 | 82,358 | 2,353,076 | SH | | SOLE | | 2,353,076 | 0 | 0 |
| Wheaton Precious Metals Corp | COM | 962879102 | 274 | 13,445 | SH | | SOLE | | 13,445 | 0 | 0 |
| WisdomTree LargeCap Dividend F | COM | 97717W307 | 343 | 3,871 | SH | | SOLE | | 3,871 | 0 | 0 |
| Xechem International Inc | COM | 983895301 | 0 | 32,353 | SH | | SOLE | | 32,353 | 0 | 0 |
