Bollard 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	88579y101	673	3,820	SH		DFND		0	3,820	0
Abbott Laboratories	COM	002824100	4,610	109,016	SH		DFND		0	109,016	0
Abbvie Inc	COM	00287y109	234	3,709	SH		DFND		0	3,709	0
Accenture Ltd Bermuda Cl A	COM	g1151c101	1,993	16,314	SH		DFND		0	16,314	0
Advisory Board Co	COM	00762w107	1,342	30,000	SH		DFND		0	30,000	0
Aflac Inc	COM	001055102	165	2,297	SH		DFND		0	2,297	0
Air Prods & Chems Inc	COM	009158106	312	2,078	SH		DFND		0	2,078	0
Alcoa Inc	COM	013817101	383	37,789	SH		DFND		0	37,789	0
Alibaba Group Holding Ltd Sp A	ADR	01609w102	8,680	82,050	SH		DFND		0	82,050	0
Allergan PLC	COM	g0177j108	3,270	14,200	SH		DFND		0	14,200	0
Allstate Corp	COM	020002101	1,143	16,523	SH		DFND		0	16,523	0
Alphabet Inc Cap Stock Cl A	COM	02079k305	36	45	SH		DFND		0	45	0
Alphabet Inc Cap Stock Cl C	COM	02079k107	6,253	8,045	SH		DFND		0	8,045	0
Alps Alerian Mlp Etf	ETF	00162q866	6	500	SH		DFND		0	500	0
Altria Group Inc	COM	02209s103	9,131	144,416	SH		DFND		0	144,416	0
Amazon.com Inc	COM	023135106	15,219	18,176	SH		DFND		0	18,176	0
American Electric Power Inc	COM	025537101	16,662	259,500	SH		DFND		0	259,500	0
American Express Co	COM	025816109	10	160	SH		DFND		0	160	0
AmerisourceBergen Corp	COM	03073e105	233	2,887	SH		DFND		0	2,887	0
Anheuser-Busch InBev SA NV Sp	ADR	03524a108	15	115	SH		DFND		0	115	0
Antero Midstream Partners LP U	LTD	03673l103	254	9,526	SH		DFND		0	9,526	0
Apple Inc	COM	037833100	2,657	23,502	SH		DFND		0	23,502	0
Applied Materials Inc	COM	038222105	22	725	SH		DFND		0	725	0
Ashland Global Holdings Inc	COM	044186104	107	924	SH		DFND		0	924	0
AstraZeneca PLC Sp ADR	ADR	046353108	1,400	42,591	SH		DFND		0	42,591	0
AT&T Inc	COM	00206r102	18,612	458,302	SH		DFND		0	458,302	0
AtriCure Inc	COM	04963c209	2,689	170,000	SH		DFND		0	170,000	0
Bank Nova Scotia Halifax	COM	064149107	1,977	37,313	SH		DFND		0	37,313	0
Bank of America Corporation	COM	060505104	2,025	129,384	SH		DFND		0	129,384	0
Bank of New York Mellon Corp	COM	064058100	26	647	SH		DFND		0	647	0
Barclays PLC ADR	ADR	06738e204	812	93,411	SH		DFND		0	93,411	0
Bard C R Inc	COM	067383109	2,705	12,063	SH		DFND		0	12,063	0
Barrick Gold Corp	COM	067901108	252	14,195	SH		DFND		0	14,195	0
BCE Inc	COM	05534b760	4,581	99,190	SH		DFND		0	99,190	0
Becton Dickinson & Co	COM	075887109	244	1,360	SH		DFND		0	1,360	0
Berkshire Hathaway Inc Cl B	COM	084670702	101	700	SH		DFND		0	700	0
Black Hills Corp	COM	092113109	298	4,861	SH		DFND		0	4,861	0
Boeing Co	COM	097023105	15,067	114,370	SH		DFND		0	114,370	0
Boston Scientific Corp	COM	101137107	824,688	34,650,774	SH		DFND		0	34,650,774	0
BP Plc Sp ADR	ADR	055622104	7,620	216,711	SH		DFND		0	216,711	0
Bristol-Myers Squibb Co	COM	110122108	9,239	171,340	SH		DFND		0	171,340	0
Brookfield Infrastucture Partn	LTD	g16252101	123	3,562	SH		DFND		0	3,562	0
BT Group PLC ADR	ADR	05577e101	1,167	45,876	SH		DFND		0	45,876	0
Buckeye Partners LP	LTD	118230101	16,658	232,658	SH		DFND		0	232,658	0
California Resources Corp	COM	13057q206	2	123	SH		DFND		0	123	0
Campbell Soup Co	COM	134429109	2,520	46,066	SH		DFND		0	46,066	0
Capital One Financial Corp	COM	14040h105	877	12,206	SH		DFND		0	12,206	0
Capnia Inc	COM	14066l105	363	403,398	SH		DFND		0	403,398	0
Capnia Inc Wt Exp 111219	W	14066l113	2	10,985	SH		DFND		0	10,985	0
Caterpillar Inc	COM	149123101	9,928	111,836	SH		DFND		0	111,836	0
Celgene Corp	COM	151020104	50	476	SH		DFND		0	476	0
Centurylink Inc	COM	156700106	368	13,404	SH		DFND		0	13,404	0
Chevron Corp	COM	166764100	9,659	93,846	SH		DFND		0	93,846	0
Chipotle Mexican Grill Inc Cl	COM	169656105	2,033	4,800	SH		DFND		0	4,800	0
Chubb Limited	COM	h1467j104	153	1,215	SH		DFND		0	1,215	0
Church & Dwight Inc	COM	171340102	388	8,092	SH		DFND		0	8,092	0
Cincinnati Financial Corp	COM	172062101	2,277	30,195	SH		DFND		0	30,195	0
Citigroup Inc	COM	172967424	51	1,090	SH		DFND		0	1,090	0
Clorox Co	COM	189054109	3,301	26,370	SH		DFND		0	26,370	0
Coca-Cola Co	COM	191216100	2,264	53,507	SH		DFND		0	53,507	0
Colgate Palmolive Co	COM	194162103	3,152	42,515	SH		DFND		0	42,515	0
Columbia Pipeline Partners LP	LTD	198281107	1,240	76,800	SH		DFND		0	76,800	0
Comcast Corp Cl A	COM	20030n101	1,376	20,740	SH		DFND		0	20,740	0
Communications Sales&Leas Inc	RE	20341j104	314	10,009	SH		DFND		0	10,009	0
Conagra Foods Inc	COM	205887102	3,333	70,751	SH		DFND		0	70,751	0
ConocoPhillips	COM	20825c104	5,778	132,908	SH		DFND		0	132,908	0
Cormedix Inc	COM	21900c100	1,013	401,920	SH		DFND		0	401,920	0
Costco Wholesale Corp	COM	22160k105	2,079	13,634	SH		DFND		0	13,634	0
CPFL Energia SA Sp ADR	ADR	126153105	20	1,321	SH		DFND		0	1,321	0
CRH PLC ADR	ADR	12626k203	1,892	56,854	SH		DFND		0	56,854	0
CST Brands Inc	COM	12646r105	2	33	SH		DFND		0	33	0
CVR Partners LP	COM	126633106	8	1,509	SH		DFND		0	1,509	0
CVS Health Corporation	COM	126650100	1,499	16,850	SH		DFND		0	16,850	0
Deere & Co	COM	244199105	6,483	75,961	SH		DFND		0	75,961	0
Dell Technologies Inc Cl V	COM	24703l103	9	184	SH		DFND		0	184	0
Delta Air Lines Inc	COM	247361702	30	750	SH		DFND		0	750	0
Deutsche Bank AG Namen AKT	COM	d18190898	143	10,887	SH		DFND		0	10,887	0
Diageo PLC Sp ADR	ADR	25243q205	80	688	SH		DFND		0	688	0
Disney Walt Co Disney	COM	254687106	1,830	19,703	SH		DFND		0	19,703	0
Dominion Resources Inc VA	COM	25746u109	111	1,491	SH		DFND		0	1,491	0
Douglas Emmett Inc	RE	25960p109	874	23,859	SH		DFND		0	23,859	0
Dow Chemical Company	COM	260543103	4,196	80,966	SH		DFND		0	80,966	0
Dr Pepper Snapple Group Inc	COM	26138e109	31	339	SH		DFND		0	339	0
Duke Energy Corp	COM	26441c204	10,790	134,811	SH		DFND		0	134,811	0
Duke Realty Corp	RE	264411505	2,538	92,865	SH		DFND		0	92,865	0
Eli Lilly & Co	COM	532457108	24,403	304,055	SH		DFND		0	304,055	0
Emerson Electric Co	COM	291011104	3,246	59,547	SH		DFND		0	59,547	0
Enable Midstream Partners LP R	LTD	292480100	36	2,361	SH		DFND		0	2,361	0
Enbridge Energy Management LLC	LTD	29250x103	20,246	795,831	SH		DFND		0	795,831	0
Energy Fuels Inc	COM	292671708	0	1	SH		DFND		0	1	0
Energy Transfer Partners LP	LTD	29273r109	3,801	102,740	SH		DFND		0	102,740	0
Enlink Midstream Partners LP	LTD	29336u107	74	4,204	SH		DFND		0	4,204	0
Enterprise Products Partners L	LTD	293792107	32,293	1,168,767	SH		DFND		0	1,168,767	0
EOG Resources Inc	COM	26875p101	468	4,835	SH		DFND		0	4,835	0
EQT Corp	COM	26884l109	515	7,095	SH		DFND		0	7,095	0
Exelon Corp	COM	30161n101	720	21,626	SH		DFND		0	21,626	0
Exxon Mobil Corp	COM	30231g102	2,694	30,868	SH		DFND		0	30,868	0
Facebook Inc Cl A	COM	30303m102	7,491	58,400	SH		DFND		0	58,400	0
FedEx Corp	COM	31428x106	618	3,541	SH		DFND		0	3,541	0
Fifth Third Bancorp	COM	316773100	360	17,599	SH		DFND		0	17,599	0
FirstEnergy Corp	COM	337932107	2,946	89,068	SH		DFND		0	89,068	0
Five9 Inc	COM	338307101	335	21,339	SH		DFND		0	21,339	0
Fluor Corp	COM	343412102	636	12,395	SH		DFND		0	12,395	0
Ford Motor Co	COM	345370860	5	425	SH		DFND		0	425	0
Franklin Street Properties Cor	RE	35471r106	1,071	84,969	SH		DFND		0	84,969	0
Freeport-Mcmoran, Inc.	COM	35671d857	0	44	SH		DFND		0	44	0
Frontier Communications Corp	COM	35906a108	345	83,053	SH		DFND		0	83,053	0
Gallagher Arthur J & Co	COM	363576109	1,777	34,926	SH		DFND		0	34,926	0
Gartner Inc	COM	366651107	10,536	119,117	SH		DFND		0	119,117	0
General Electric Company	COM	369604103	8,667	292,599	SH		DFND		0	292,599	0
General Mills Inc	COM	370334104	2,537	39,709	SH		DFND		0	39,709	0
Genuine Parts Co	COM	372460105	2,016	20,070	SH		DFND		0	20,070	0
GlaxoSmithKline PLC Sp ADR	ADR	37733w105	2,117	49,079	SH		DFND		0	49,079	0
Goldman Sachs Group Inc	COM	38141g104	2,239	13,885	SH		DFND		0	13,885	0
Halliburton Co	COM	406216101	3,984	88,771	SH		DFND		0	88,771	0
Halyard Health Inc	COM	40650v100	45	1,303	SH		DFND		0	1,303	0
Hasbro Inc	COM	418056107	553	6,972	SH		DFND		0	6,972	0
HCP Inc	RE	40414l109	1,233	32,493	SH		DFND		0	32,493	0
Helmerich & Payne Inc	COM	423452101	11	164	SH		DFND		0	164	0
Hess Corp	COM	42809h107	553	10,304	SH		DFND		0	10,304	0
Holly Energy Partners LP	LTD	435763107	6,257	184,401	SH		DFND		0	184,401	0
Home Depot Inc	COM	437076102	573	4,451	SH		DFND		0	4,451	0
Honeywell Intl Inc	COM	438516106	3,437	29,477	SH		DFND		0	29,477	0
HSBC Holdings PLC Sp ADR	ADR	404280406	1,218	32,381	SH		DFND		0	32,381	0
IAC/InterActiveCorp	COM	44919p508	1,413	22,614	SH		DFND		0	22,614	0
Independent Bank Corp MA	COM	453836108	128	2,360	SH		DFND		0	2,360	0
Intel Corp	COM	458140100	1,205	31,922	SH		DFND		0	31,922	0
International Business Machine	COM	459200101	1,590	10,011	SH		DFND		0	10,011	0
International Paper Co	COM	460146103	465	9,690	SH		DFND		0	9,690	0
iShares Inc MSCI Japan	ETF	464286848	6	457	SH		DFND		0	457	0
iShares Inc MSCI Switzerland	ETF	464286749	2,760	90,346	SH		DFND		0	90,346	0
iShares Tr MSCI EAFE Index	ETF	464287465	11	186	SH		DFND		0	186	0
iShares Tr NASDAQ Bio Index	ETF	464287556	120	416	SH		DFND		0	416	0
iShares Tr Russell 2000	ETF	464287655	177	1,425	SH		DFND		0	1,425	0
iShares Tr Russell Mid Cap	ETF	464287499	237	1,357	SH		DFND		0	1,357	0
iShares Tr S&P North American	ETF	464287549	179	1,444	SH		DFND		0	1,444	0
ITC Holdings Corp	COM	465685105	3,206	68,985	SH		DFND		0	68,985	0
Johnson & Johnson	COM	478160104	520	4,398	SH		DFND		0	4,398	0
Johnson Controls Intl PLC	COM	g51502105	4,097	88,043	SH		DFND		0	88,043	0
JPMorgan Chase & Co	COM	46625h100	3,788	56,882	SH		DFND		0	56,882	0
KeyCorp	COM	493267108	1,389	114,111	SH		DFND		0	114,111	0
Kimberly Clark Corp	COM	494368103	2,532	20,069	SH		DFND		0	20,069	0
Kimco Realty Corp	RE	49446r109	2,876	99,338	SH		DFND		0	99,338	0
Kinder Morgan Inc	COM	49456b101	6,413	277,278	SH		DFND		0	277,278	0
Kraft Heinz Co	COM	500754106	101	1,126	SH		DFND		0	1,126	0
Lauder Estee Cos Inc Cl A	COM	518439104	17	190	SH		DFND		0	190	0
Lockheed Martin Corp	COM	539830109	892	3,721	SH		DFND		0	3,721	0
Lowes Cos Inc	COM	548661107	1,454	20,131	SH		DFND		0	20,131	0
Magellan Midstream Partners LP	LTD	559080106	26,702	377,469	SH		DFND		0	377,469	0
Marathon Petroleum Corp	COM	56585a102	91	2,234	SH		DFND		0	2,234	0
Martin Midstream Partners LP	LTD	573331105	1,133	56,514	SH		DFND		0	56,514	0
Masco Corp	COM	574599106	1,447	42,186	SH		DFND		0	42,186	0
Mattel Inc	COM	577081102	124	4,085	SH		DFND		0	4,085	0
McDonalds Corp	COM	580135101	51	438	SH		DFND		0	438	0
McKesson Corp	COM	58155q103	223	1,335	SH		DFND		0	1,335	0
Medtronic PLC	COM	g5960l103	158	1,823	SH		DFND		0	1,823	0
Merck & Co Inc	COM	58933y105	4,985	79,882	SH		DFND		0	79,882	0
Microsoft Corp	COM	594918104	8,889	154,314	SH		DFND		0	154,314	0
ModusLink Global Solutions Inc	COM	60786l206	38	23,160	SH		DFND		0	23,160	0
Mondelez Intl Inc Cl A	COM	609207105	998	22,731	SH		DFND		0	22,731	0
Monsanto Co	COM	61166w101	74	722	SH		DFND		0	722	0
Morgan Stanley	COM	617446448	2,873	89,603	SH		DFND		0	89,603	0
MPLX LP	LTD	55336v100	1,484	43,825	SH		DFND		0	43,825	0
Nabors Industries Ltd	COM	g6359f103	3,203	263,369	SH		DFND		0	263,369	0
Nasdaq Inc Com	COM	631103108	1,351	20,003	SH		DFND		0	20,003	0
National Grid PLC Sp ADR	ADR	636274300	866	12,183	SH		DFND		0	12,183	0
National Retail Properties Inc	RE	637417106	2,291	45,056	SH		DFND		0	45,056	0
NextEra Energy Inc	COM	65339f101	17,841	145,859	SH		DFND		0	145,859	0
NiSource Inc	COM	65473p105	1,554	64,468	SH		DFND		0	64,468	0
Noble Corp PLC USD	COM	g65431101	534	84,198	SH		DFND		0	84,198	0
Nordstrom Inc	COM	655664100	26	508	SH		DFND		0	508	0
Norfolk Southern Corp	COM	655844108	317	3,261	SH		DFND		0	3,261	0
Occidental Petroleum Corp	COM	674599105	981	13,455	SH		DFND		0	13,455	0
Olin Corp	COM	680665205	64	3,137	SH		DFND		0	3,137	0
Oneok Partners LP	LTD	68268n103	4,974	124,499	SH		DFND		0	124,499	0
Oracle Corp	COM	68389x105	884	22,503	SH		DFND		0	22,503	0
Orange Sp ADR	ADR	684060106	1,369	87,848	SH		DFND		0	87,848	0
Paychex Inc	COM	704326107	2,593	44,802	SH		DFND		0	44,802	0
Paypal Holdings Inc	COM	70450y103	14,342	350,050	SH		DFND		0	350,050	0
Pearson PLC Sp ADR	ADR	705015105	746	76,209	SH		DFND		0	76,209	0
Pentair PLC	COM	g7s00t104	26	406	SH		DFND		0	406	0
PepsiCo Inc	COM	713448108	2,900	26,665	SH		DFND		0	26,665	0
Pfizer Inc	COM	717081103	2,323	68,580	SH		DFND		0	68,580	0
Philip Morris Intl Inc	COM	718172109	7,624	78,420	SH		DFND		0	78,420	0
Phillips 66	COM	718546104	4,052	50,308	SH		DFND		0	50,308	0
Plains All American Pipeline L	LTD	726503105	8,975	285,731	SH		DFND		0	285,731	0
PNC Financial Services Group I	COM	693475105	13	143	SH		DFND		0	143	0
Potash Corp Saskatchewan Inc	COM	73755l107	3,785	231,902	SH		DFND		0	231,902	0
PPL Corp	COM	69351t106	10,059	290,969	SH		DFND		0	290,969	0
Priceline Group, Inc.	COM	741503403	184	125	SH		DFND		0	125	0
Procter & Gamble Co	COM	742718109	1,983	22,099	SH		DFND		0	22,099	0
ProShares Short S&P 500 Ne	ETF	74347b425	9,012	236,716	SH		DFND		0	236,716	0
ProShares UltraShort S&P 500	ETF	74347b300	3,828	233,583	SH		DFND		0	233,583	0
Public Service Enterprise Grou	COM	744573106	7,141	170,558	SH		DFND		0	170,558	0
Qualcomm Inc	COM	747525103	78	1,135	SH		DFND		0	1,135	0
Rayonier Advanced Materials In	COM	75508b104	0	1	SH		DFND		0	1	0
Rayonier Inc	RE	754907103	2,322	87,505	SH		DFND		0	87,505	0
Reynolds American Inc	COM	761713106	10,311	218,676	SH		DFND		0	218,676	0
Rio Tinto PLC Sp ADR	ADR	767204100	233	6,986	SH		DFND		0	6,986	0
Rogers Communications Inc Cl B	COM	775109200	1,375	32,404	SH		DFND		0	32,404	0
Rollins Inc	COM	775711104	547	18,679	SH		DFND		0	18,679	0
Royal Dutch Shell PLC Sp ADR A	ADR	780259206	3,881	77,513	SH		DFND		0	77,513	0
Royal Dutch Shell PLC Sp ADR B	ADR	780259107	1,098	20,789	SH		DFND		0	20,789	0
Schlumberger Ltd	COM	806857108	1,150	14,626	SH		DFND		0	14,626	0
Seadrill Ltd	COM	g7945e105	3	1,164	SH		DFND		0	1,164	0
Select Sector SPDR Healthcare	ETF	81369y209	34	465	SH		DFND		0	465	0
Select Sector SPDR Tr Real Est	COM	81369y860	20	602	SH		DFND		0	602	0
Select Sector SPDR Tr SBI Cons	ETF	81369y308	51	952	SH		DFND		0	952	0
Select Sector SPDR Tr SBI Ener	ETF	81369y506	783	11,091	SH		DFND		0	11,091	0
Select Sector SPDR Tr SBI Fina	ETF	81369y605	84	4,368	SH		DFND		0	4,368	0
Select Sector SPDR Tr SBI Indu	ETF	81369y704	51	881	SH		DFND		0	881	0
Select Sector SPDR Tr SBI Mate	ETF	81369y100	57	1,199	SH		DFND		0	1,199	0
Select Sector SPDR Tr SBI Util	ETF	81369y886	123	2,510	SH		DFND		0	2,510	0
Senior Housing Properties Trus	RE	81721m109	2	68	SH		DFND		0	68	0
Smith & Nephew PLC Sp ADR	ADR	83175m205	1,968	60,025	SH		DFND		0	60,025	0
Southern Co	COM	842587107	8,132	158,513	SH		DFND		0	158,513	0
Southern Copper Corp	COM	84265v105	7,750	294,675	SH		DFND		0	294,675	0
SPDR S&P 500 Index ETF	ETF	78462f103	173	800	SH		DFND		0	800	0
SPDR S&P Mid Cap 400 ETF Tr	ETF	78467y107	23	80	SH		DFND		0	80	0
SPDR Series Trust KBW Regional	ETF	78464a698	37	886	SH		DFND		0	886	0
Spectra Energy Corp	COM	847560109	7,470	174,726	SH		DFND		0	174,726	0
Spectra Energy Partners LP	LTD	84756n109	5,177	118,487	SH		DFND		0	118,487	0
Staar Surgical Co	COM	852312305	169	18,000	SH		DFND		0	18,000	0
Stag Industrial Inc	RE	85254j102	272	11,088	SH		DFND		0	11,088	0
Stanley Black & Decker Inc	COM	854502101	4,933	40,110	SH		DFND		0	40,110	0
Talen Energy Corp	COM	87422j105	7	532	SH		DFND		0	532	0
Targa Resources Corp	COM	87612g101	120	2,449	SH		DFND		0	2,449	0
TC Pipelines LP	LTD	87233q108	10,547	184,939	SH		DFND		0	184,939	0
Teekay LNG Partners LP	LTD	y8564m105	55	3,620	SH		DFND		0	3,620	0
Telefonica SA Sp ADR	ADR	879382208	9	905	SH		DFND		0	905	0
Tesoro Corp	COM	881609101	93	1,168	SH		DFND		0	1,168	0
Thermo Fisher Scientific Inc	COM	883556102	32	202	SH		DFND		0	202	0
Topbuild Corp	COM	89055f103	152	4,570	SH		DFND		0	4,570	0
TransCanada Corp	COM	89353d107	3,048	64,087	SH		DFND		0	64,087	0
TripAdvisor Inc	COM	896945201	4,394	69,550	SH		DFND		0	69,550	0
Unilever PLC Sp ADR	ADR	904767704	1,775	37,453	SH		DFND		0	37,453	0
Union Pacific Corp	COM	907818108	1,729	17,728	SH		DFND		0	17,728	0
United Parcel Service Inc Cl B	COM	911312106	239	2,190	SH		DFND		0	2,190	0
United States Natl Gas Fund LP	ETF	912318201	2,474	295,900	SH		DFND		0	295,900	0
United States Oil Fund LP	ETF	91232n108	7,288	666,750	SH		DFND		0	666,750	0
United Technologies Corp	COM	913017109	1,860	18,311	SH		DFND		0	18,311	0
US Bancorp Del	COM	902973304	6,063	141,357	SH		DFND		0	141,357	0
Valero Energy Corp	COM	91913y100	4,808	90,718	SH		DFND		0	90,718	0
Vaneck Vectors ETF Tr Oil Serv	ETF	92189f718	18	628	SH		DFND		0	628	0
Vanguard Tax-Managed Fund Euro	ETF	921943858	51	1,367	SH		DFND		0	1,367	0
Verizon Communications Inc	COM	92343v104	20,176	388,156	SH		DFND		0	388,156	0
Vodafone Group PLC Spnsr ADR N	ADR	92857w308	39	1,354	SH		DFND		0	1,354	0
vSunoco Logistics Partners LP	LTD	86764l108	157	5,532	SH		DFND		0	5,532	0
Walgreens Boots Alliance Inc	COM	931427108	5,385	66,793	SH		DFND		0	66,793	0
Wal-Mart Stores Inc	COM	931142103	1,341	18,592	SH		DFND		0	18,592	0
Waste Management Inc	COM	94106l109	16	254	SH		DFND		0	254	0
Wells Fargo & Co	COM	949746101	1,428	32,243	SH		DFND		0	32,243	0
Welltower Inc	RE	95040q104	2,738	36,618	SH		DFND		0	36,618	0
Western Union Co	COM	959802109	5	250	SH		DFND		0	250	0
Westpac Banking Corp Sp ADR	ADR	961214301	1,914	84,188	SH		DFND		0	84,188	0
Weyerhaeuser Co	RE	962166104	9,037	282,936	SH		DFND		0	282,936	0
Whirlpool Corp	COM	963320106	346	2,134	SH		DFND		0	2,134	0
Williams Cos Inc	COM	969457100	11	343	SH		DFND		0	343	0
Windstream Holdings Inc	COM	97382a200	84	8,310	SH		DFND		0	8,310	0
Xerox Corp	COM	984121103	27	2,635	SH		DFND		0	2,635	0
Zimmer Holdings Inc	COM	98956p102	6	49	SH		DFND		0	49	0