Dubuque Bank & Trust 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
Estimated average burden
hours per response:		23.8

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	219,197	2,190	SH		DFND		2,175	0	15
3M Co	COM	88579Y101	1,228,104	12,270	SH		SOLE		12,270	0	0
ADAMS EXPRESS COMPANY	COM	006212104	34,107	2,029	SH		DFND		2,029	0	0
ADAMS EXPRESS COMPANY	COM	006212104	7,579,125	450,870	SH		SOLE		450,870	0	0
ALPHABET INC	CAP STK CL A	02079K305	237,365	1,983	SH		DFND		1,943	0	40
ALPHABET INC	CAP STK CL A	02079K305	11,652,436	97,347	SH		SOLE		91,057	0	6,290
ALTRIA GROUP INC	COM	02209S103	243,850	5,383	SH		SOLE		5,383	0	0
AMBEV SA	SPONSORED ADR	02319V103	57,043	17,938	SH		SOLE		17,938	0	0
AMER EXPRESS CO	COM	025816109	301,366	1,730	SH		DFND		1,730	0	0
AMER EXPRESS CO	COM	025816109	823,618	4,728	SH		SOLE		4,728	0	0
ANALOG DEVICES INC	COM	032654105	3,312	17	SH		DFND		0	0	17
ANALOG DEVICES INC	COM	032654105	436,959	2,243	SH		SOLE		2,243	0	0
APPLIED MATERIALS	COM	038222105	706,078	4,885	SH		SOLE		4,885	0	0
ASE Technology Holding Co Ltd	SPONSORED ADS	00215W100	129,119	16,575	SH		SOLE		16,575	0	0
AT&T INC	COM	00206R102	319,000	20,000	SH		DFND		20,000	0	0
AT&T INC	COM	00206R102	234,433	14,698	SH		SOLE		14,698	0	0
AVERY DENNISON CORP	COM	053611109	247,048	1,438	SH		SOLE		1,438	0	0
AbbVie Inc	COM	00287Y109	52,814	392	SH		DFND		342	0	50
AbbVie Inc	COM	00287Y109	4,710,161	34,960	SH		SOLE		33,229	0	1,731
Abbott Laboratories	COM	002824100	6,323	58	SH		DFND		58	0	0
Abbott Laboratories	COM	002824100	2,256,714	20,700	SH		SOLE		18,331	0	2,369
Accenture PLC	SHS CLASS A	G1151C101	346,227	1,122	SH		SOLE		1,122	0	0
Activision Blizzard Inc	COM	00507V109	3,035	36	SH		DFND		0	0	36
Activision Blizzard Inc	COM	00507V109	2,310,916	27,413	SH		SOLE		27,413	0	0
Adobe Inc	COM	00724F101	275,301	563	SH		SOLE		563	0	0
Agree Realty Corp	COM	008492100	3,008	46	SH		DFND		46	0	0
Agree Realty Corp	COM	008492100	702,354	10,741	SH		SOLE		10,741	0	0
Air Products and Chemicals Inc	COM	009158106	211,768	707	SH		SOLE		707	0	0
Alliant Energy Corp	COM	018802108	47,232	900	SH		DFND		900	0	0
Alliant Energy Corp	COM	018802108	274,687	5,234	SH		SOLE		5,234	0	0
Alphabet Inc	CAP STK CL C	02079K107	36,291	300	SH		DFND		300	0	0
Alphabet Inc	CAP STK CL C	02079K107	2,074,394	17,148	SH		SOLE		17,148	0	0
Amazon.com Inc	COM	023135106	79,259	608	SH		DFND		608	0	0
Amazon.com Inc	COM	023135106	8,970,072	68,810	SH		SOLE		66,629	0	2,181
American Electric Power Co Inc	COM	025537101	33,680	400	SH		DFND		400	0	0
American Electric Power Co Inc	COM	025537101	268,261	3,186	SH		SOLE		3,186	0	0
Americas Gold & Silver Corp	COM	03062D100	7,060	20,000	SH		SOLE		20,000	0	0
Ameriprise Financial Inc	COM	03076C106	114,927	346	SH		DFND		346	0	0
Ameriprise Financial Inc	COM	03076C106	92,008	277	SH		SOLE		277	0	0
Amgen Inc	COM	031162100	79,483	358	SH		DFND		345	0	13
Amgen Inc	COM	031162100	7,120,847	32,073	SH		SOLE		30,036	0	2,037
Apple Inc	COM	037833100	405,203	2,089	SH		DFND		1,712	0	377
Apple Inc	COM	037833100	24,640,203	127,031	SH		SOLE		122,554	0	4,477
Aptiv PLC	SHS	G6095L109	205,405	2,012	SH		SOLE		2,012	0	0
Archer-Daniels-Midland Co	COM	039483102	290,377	3,843	SH		SOLE		3,843	0	0
B2Gold Corp	COM	11777Q209	55,406	15,520	SH		SOLE		15,520	0	0
BK OF AMERICA CORP	COM	060505104	106,669	3,718	SH		DFND		3,550	0	168
BK OF AMERICA CORP	COM	060505104	377,130	13,145	SH		SOLE		13,145	0	0
BLACKSTONE SECD LN	COMMON STOCK	09261X102	11,108	406	SH		DFND		406	0	0
BLACKSTONE SECD LN	COMMON STOCK	09261X102	2,884,373	105,423	SH		SOLE		105,423	0	0
BOEING CO	COM	097023105	517,764	2,452	SH		SOLE		2,418	0	34
BRISTOL-MYRS SQUIB	COM	110122108	3,517	55	SH		DFND		0	0	55
BRISTOL-MYRS SQUIB	COM	110122108	675,056	10,556	SH		SOLE		10,556	0	0
BUNGE LIMITED	COM	G16962105	315,601	3,345	SH		SOLE		3,345	0	0
Banco Bradesco SA	SP ADR PFD NEW	059460303	40,904	11,822	SH		SOLE		11,822	0	0
Bank OZK	COM	06417N103	231,121	5,755	SH		SOLE		5,755	0	0
Berkshire Hathaway Inc	CL B NEW	084670702	51,832	152	SH		DFND		152	0	0
Berkshire Hathaway Inc	CL B NEW	084670702	6,862,625	20,125	SH		SOLE		20,125	0	0
Black Hills Corp	COM	092113109	5,785	96	SH		DFND		96	0	0
Black Hills Corp	COM	092113109	1,753,747	29,103	SH		SOLE		24,128	0	4,975
BlackRock Fund Advisors	RUS MID CAP ETF	464287499	434,017	5,943	SH		SOLE		5,943	0	0
BlackRock Fund Advisors	CORE S&P MCP ETF	464287507	56,218	215	SH		DFND		0	0	215
BlackRock Fund Advisors	CORE S&P MCP ETF	464287507	534,204	2,043	SH		SOLE		2,043	0	0
BlackRock Fund Advisors	S&P MC 400GR ETF	464287606	344,475	4,593	SH		SOLE		4,593	0	0
BlackRock Fund Advisors	RUS 1000 ETF	464287622	391,690	1,607	SH		SOLE		1,607	0	0
BlackRock Fund Advisors	S&P MC 400VL ETF	464287705	626,175	5,845	SH		SOLE		5,845	0	0
BlackRock Fund Advisors	CORE S&P SCP ETF	464287804	708,013	7,105	SH		SOLE		7,105	0	0
BlackRock Fund Advisors	SHRT NAT MUN ETF	464288158	2,519,641	24,218	SH		SOLE		24,218	0	0
BlackRock Fund Advisors	GLB INFRASTR ETF	464288372	39,673	845	SH		DFND		845	0	0
BlackRock Fund Advisors	GLB INFRASTR ETF	464288372	5,354,272	114,042	SH		SOLE		113,234	0	808
BlackRock Fund Advisors	EAFE GRWTH ETF	464288885	664,721	6,967	SH		DFND		6,967	0	0
BlackRock Fund Advisors	EAFE GRWTH ETF	464288885	30,130,764	315,803	SH		SOLE		303,433	0	12,370
BlackRock Fund Advisors	CORE MSCI EMKT	46434G103	255,174	5,177	SH		SOLE		5,177	0	0
BlackRock Inc	COM	09247X101	58,056	84	SH		DFND		84	0	0
BlackRock Inc	COM	09247X101	5,640,394	8,161	SH		SOLE		7,647	0	514
Boston Scientific Corp	COM	101137107	296,846	5,488	SH		SOLE		5,488	0	0
Broadcom Inc	COM	11135F101	124,042	143	SH		DFND		143	0	0
Broadcom Inc	COM	11135F101	10,752,662	12,396	SH		SOLE		11,674	0	722
Brunswick Corp/DE	COM	117043109	242,419	2,798	SH		SOLE		2,798	0	0
CACI International Inc	CL A	127190304	210,980	619	SH		SOLE		619	0	0
CDN NATL RAILWAYS	COM	136375102	284,878	2,353	SH		SOLE		2,353	0	0
CISCO SYSTEMS	COM	17275R102	83,974	1,623	SH		DFND		1,496	0	127
CISCO SYSTEMS	COM	17275R102	7,378,331	142,604	SH		SOLE		133,456	0	9,148
COLGATE-PALMOLIVE	COM	194162103	323,568	4,200	SH		SOLE		4,200	0	0
CONOCOPHILLIPS	COM	20825C104	20,826	201	SH		DFND		201	0	0
CONOCOPHILLIPS	COM	20825C104	879,649	8,490	SH		SOLE		8,490	0	0
CREDIT SUISSE AG/NASSAU	X LINK SILVER	22542D225	1,064,300	14,500	SH		SOLE		14,500	0	0
CVS Health Corp	COM	126650100	6,222	90	SH		DFND		0	0	90
CVS Health Corp	COM	126650100	296,982	4,296	SH		SOLE		4,296	0	0
Caterpillar Inc	COM	149123101	375,718	1,527	SH		SOLE		1,527	0	0
Charles Schwab Investment Management Inc	US BRD MKT ETF	808524102	327,468	6,334	SH		SOLE		6,334	0	0
Chevron Corp	COM	166764100	442,783	2,814	SH		DFND		2,788	0	26
Chevron Corp	COM	166764100	6,625,851	42,109	SH		SOLE		40,271	0	1,838
Cigna Group/The	COM	125523100	3,648	13	SH		DFND		0	0	13
Cigna Group/The	COM	125523100	213,817	762	SH		SOLE		762	0	0
Coca-Cola Co/The	COM	191216100	23,727	394	SH		DFND		394	0	0
Coca-Cola Co/The	COM	191216100	3,575,683	59,377	SH		SOLE		50,922	0	8,455
Comcast Corp	CL A	20030N101	671,780	16,168	SH		SOLE		16,168	0	0
Costco Wholesale Corp	COM	22160K105	86,141	160	SH		DFND		160	0	0
Costco Wholesale Corp	COM	22160K105	5,039,237	9,360	SH		SOLE		9,360	0	0
DEERE & CO	COM	244199105	599,276	1,479	SH		SOLE		1,479	0	0
DIAGEO	SPON ADR NEW	25243Q205	301,855	1,740	SH		SOLE		1,740	0	0
DOCUSIGN INC	NOTE 1/1	256163AD8	125,780	130,000	PRN		SOLE		130,000	0	0
DUKE ENERGY CORP	COM NEW	26441C204	40,473	451	SH		DFND		451	0	0
DUKE ENERGY CORP	COM NEW	26441C204	174,814	1,948	SH		SOLE		1,948	0	0
Danaher Corp	COM	235851102	614,160	2,559	SH		SOLE		2,559	0	0
Denison Mines Corp	COM	248356107	458,750	367,000	SH		SOLE		367,000	0	0
Duff & Phelps Closed-End Funds	COM	23325P104	155,900	14,876	SH		SOLE		14,876	0	0
EMX Royalty Corp	COM	26873J107	38,000	20,000	SH		SOLE		20,000	0	0
ETF Managers Group LLC	PRIME JUNIR SLVR	26924G102	687,873	73,334	SH		SOLE		73,334	0	0
Eli Lilly & Co	COM	532457108	625,619	1,334	SH		SOLE		1,334	0	0
Encore Energy Corp	None	29259W700	440,857	182,699	SH		SOLE		182,699	0	0
Energy Fuels Inc/Canada	COM NEW	292671708	81,120	13,000	SH		SOLE		13,000	0	0
Energy Transfer LP	COM UT LTD PTN	29273V100	229,248	18,051	SH		SOLE		18,051	0	0
Exxon Mobil Corp	COM	30231G102	1,082,582	10,094	SH		DFND		10,042	0	52
Exxon Mobil Corp	COM	30231G102	2,141,783	19,970	SH		SOLE		19,905	0	65
FACEBOOK INC	CL A	30303M102	541,244	1,886	SH		SOLE		1,886	0	0
FLEXSHARES TR	MORNSTAR USMKT	33939L100	510,936	3,031	SH		SOLE		3,031	0	0
First Horizon Corp	COM	320517105	1,702	151	SH		DFND		151	0	0
First Horizon Corp	COM	320517105	183,566	16,288	SH		SOLE		5,418	0	10,870
First Trust ETFs/USA	TCW OPPORTUNIS	33740F805	383,086	8,673	SH		SOLE		8,673	0	0
Fortinet Inc	COM	34959E109	256,099	3,388	SH		SOLE		3,388	0	0
Fortuna Silver Mines Inc	COM	349915108	93,960	29,000	SH		SOLE		29,000	0	0
Franklin LibertyShares ETFs/US	US LOW VOLATILIT	35473P504	340,011	6,945	SH		DFND		6,945	0	0
Franklin LibertyShares ETFs/US	US LOW VOLATILIT	35473P504	11,924,652	243,571	SH		SOLE		241,405	0	2,166
GENERAL MILLS INC	COM	370334104	387,642	5,054	SH		SOLE		5,054	0	0
GOLDMAN SACHS GRP	COM	38141G104	2,903	9	SH		DFND		9	0	0
GOLDMAN SACHS GRP	COM	38141G104	664,110	2,059	SH		SOLE		2,059	0	0
Genelux Corp	None	36870H103	152,606	4,664	SH		DFND		4,664	0	0
Genelux Corp	None	36870H103	152,606	4,664	SH		SOLE		4,664	0	0
General Electric Co	COM NEW	369604301	28,781	262	SH		DFND		262	0	0
General Electric Co	COM NEW	369604301	282,644	2,573	SH		SOLE		2,510	0	63
Gilead Sciences Inc	COM	375558103	251,017	3,257	SH		SOLE		3,257	0	0
HUMANA INC	COM	444859102	407,335	911	SH		SOLE		891	0	20
Heartland Financial USA Inc	COM	42234Q102	3,954,028	141,874	SH		DFND		0	0	141,874
Heartland Financial USA Inc	COM	42234Q102	43,234,622	1,551,296	SH		SOLE		42,877	0	1,508,420
Hecla Mining Co	COM	422704106	142,861	27,740	SH		SOLE		27,740	0	0
Home Depot Inc/The	COM	437076102	14,289	46	SH		DFND		46	0	0
Home Depot Inc/The	COM	437076102	4,261,360	13,718	SH		SOLE		11,970	0	1,748
Honeywell International Inc	COM	438516106	1,236,493	5,959	SH		SOLE		5,959	0	0
Hubbell Inc	COM	443510607	994,680	3,000	SH		SOLE		3,000	0	0
ILLINOIS TOOL WKS	COM	452308109	219,640	878	SH		SOLE		878	0	0
INDEXIQ ETF TRUST/USA	HEDGE MLTI ETF	45409B107	393,995	13,208	SH		DFND		13,208	0	0
INDEXIQ ETF TRUST/USA	HEDGE MLTI ETF	45409B107	16,814,634	563,682	SH		SOLE		561,076	0	2,606
ING Groep NV	SPONSORED ADR	456837103	4,151,441	308,199	SH		DFND		308,199	0	0
INTERCONTINENTAL EXCHANGE	COM	45866F104	355,863	3,147	SH		SOLE		3,147	0	0
INTL BUSINESS MCHN	COM	459200101	1,602,107	11,973	SH		SOLE		11,873	0	100
ISHARES	CORE S&P500 ETF	464287200	381,973	857	SH		DFND		857	0	0
ISHARES	CORE S&P500 ETF	464287200	4,601,064	10,323	SH		SOLE		10,323	0	0
ISHARES	S&P 500 GRWT ETF	464287309	567,294	8,049	SH		SOLE		8,049	0	0
ISHARES	RUSSELL 2000 ETF	464287655	4,120	22	SH		DFND		0	0	22
ISHARES	RUSSELL 2000 ETF	464287655	702,824	3,753	SH		SOLE		3,753	0	0
ISHARES	EAFE VALUE ETF	464288877	631,081	12,895	SH		DFND		12,895	0	0
ISHARES	EAFE VALUE ETF	464288877	28,862,805	589,759	SH		SOLE		566,879	0	22,880
ISHARES TRUST	1 3 YR TREAS BD	464287457	221,997	2,738	SH		DFND		2,738	0	0
ISHARES TRUST	1 3 YR TREAS BD	464287457	13,751,168	169,600	SH		SOLE		153,070	0	16,530
Industrial Logistics Propertie	COM SHS BEN INT	456237106	3,707,758	1,123,563	SH		SOLE		1,123,563	0	0
Intel Corp	COM	458140100	1,839	55	SH		DFND		0	0	55
Intel Corp	COM	458140100	549,453	16,431	SH		SOLE		16,431	0	0
Invesco Capital Management LLC	DIVID ACHIEVEV	46137V506	611,680	16,000	SH		SOLE		16,000	0	0
Invesco Capital Management LLC	INTL DIVI ACHI	46137V548	263,530	14,600	SH		SOLE		14,600	0	0
Invesco Capital Management LLC	S&P INTL LOW	46138E230	102,918	3,763	SH		DFND		3,763	0	0
Invesco Capital Management LLC	S&P INTL LOW	46138E230	6,222,918	227,529	SH		SOLE		226,417	0	1,112
Invesco Capital Management LLC	TREAS COLATERL	46138G888	21,410	203	SH		DFND		203	0	0
Invesco Capital Management LLC	TREAS COLATERL	46138G888	3,171,483	30,070	SH		SOLE		29,119	0	951
Itau Unibanco Holding SA	SPON ADR REP PFD	465562106	68,741	11,651	SH		SOLE		11,651	0	0
JP Morgan ETFs/USA	EQUITY PREMIUM	46641Q332	489,117	8,840	SH		DFND		8,840	0	0
JP Morgan ETFs/USA	EQUITY PREMIUM	46641Q332	14,959,793	270,374	SH		SOLE		264,817	0	5,557
JP Morgan ETFs/USA	ULTRA SHT MUNCPL	46641Q654	1,351,342	26,680	SH		SOLE		26,680	0	0
JP Morgan ETFs/USA	INTL BD OPP ETF	46641Q852	1,005,115	21,569	SH		SOLE		21,569	0	0
JPMorgan Chase & Co	COM	46625H100	155,184	1,067	SH		DFND		1,021	0	46
JPMorgan Chase & Co	COM	46625H100	8,571,506	58,935	SH		SOLE		55,895	0	3,040
Johnson & Johnson	COM	478160104	89,215	539	SH		DFND		504	0	35
Johnson & Johnson	COM	478160104	9,486,779	57,315	SH		SOLE		54,287	0	3,028
KIMBERLY-CLARK CP	COM	494368103	73,862	535	SH		DFND		500	0	35
KIMBERLY-CLARK CP	COM	494368103	312,844	2,266	SH		SOLE		2,266	0	0
KLA Corp	COM NEW	482480100	201,768	416	SH		SOLE		416	0	0
KRAFT FOODS INC	CL A	609207105	734,360	10,068	SH		SOLE		10,068	0	0
LOWE'S COS INC	COM	548661107	94,343	418	SH		DFND		403	0	15
LOWE'S COS INC	COM	548661107	6,282,811	27,837	SH		SOLE		27,837	0	0
Linde PLC	None	G54950103	346,021	908	SH		SOLE		908	0	0
Lockheed Martin Corp	COM	539830109	205,790	447	SH		SOLE		447	0	0
MAG Silver Corp	COM	55903Q104	311,920	28,000	SH		SOLE		28,000	0	0
MARSH & MCLENNAN	COM	571748102	250,711	1,333	SH		SOLE		1,333	0	0
MASTERCARD INC	CL A	57636Q104	500,671	1,273	SH		SOLE		1,273	0	0
MCDONALD'S CORP	COM	580135101	10,743	36	SH		DFND		36	0	0
MCDONALD'S CORP	COM	580135101	4,654,002	15,596	SH		SOLE		13,895	0	1,701
MCKESSON CORP	COM	58155Q103	296,980	695	SH		SOLE		695	0	0
MICROSOFT CORP	COM	594918104	144,730	425	SH		DFND		397	0	28
MICROSOFT CORP	COM	594918104	19,801,039	58,146	SH		SOLE		55,530	0	2,616
MOODYS CORP	COM	615369105	431,173	1,240	SH		SOLE		1,240	0	0
MORGAN STANLEY	COM NEW	617446448	7,857	92	SH		DFND		92	0	0
MORGAN STANLEY	COM NEW	617446448	2,192,389	25,672	SH		SOLE		22,546	0	3,126
Medtronic PLC	SHS	G5960L103	64,401	731	SH		DFND		731	0	0
Medtronic PLC	SHS	G5960L103	5,938,028	67,401	SH		SOLE		62,370	0	5,031
Merck & Co Inc	COM	58933Y105	15,924	138	SH		DFND		100	0	38
Merck & Co Inc	COM	58933Y105	894,734	7,754	SH		SOLE		7,654	0	100
MetLife Inc	COM	59156R108	302,944	5,359	SH		SOLE		5,359	0	0
Metalla Royalty & Streaming Lt	COM NEW	59124U605	69,440	16,000	SH		SOLE		16,000	0	0
NEXTERA ENERGY	COM	65339F101	222,600	3,000	SH		DFND		3,000	0	0
NEXTERA ENERGY	COM	65339F101	471,838	6,359	SH		SOLE		6,359	0	0
NIKE INC	CL B	654106103	421,834	3,822	SH		SOLE		3,822	0	0
NORDIC AMER TANKER	COM	G65773106	183,500	50,000	SH		SOLE		50,000	0	0
NORTHROP GRUMMAN	COM	666807102	277,582	609	SH		SOLE		609	0	0
NUSCALE POWER CORP	CL A COM	67079K100	129,200	19,000	SH		SOLE		19,000	0	0
NVIDIA Corp	COM	67066G104	126,906	300	SH		DFND		300	0	0
NVIDIA Corp	COM	67066G104	287,654	680	SH		SOLE		680	0	0
NexGen Energy Ltd	COM	65340P106	633,146	134,426	SH		SOLE		134,426	0	0
Norfolk Southern Corp	COM	655844108	294,788	1,300	SH		DFND		1,300	0	0
Norfolk Southern Corp	COM	655844108	269,618	1,189	SH		SOLE		1,189	0	0
Nuveen Asset Management LLC	NUVEEN BLMBRG SH	78468R739	236,332	5,023	SH		DFND		5,023	0	0
Nuveen Asset Management LLC	NUVEEN BLMBRG SH	78468R739	17,560,989	373,241	SH		SOLE		373,241	0	0
Nuveen Closed-End Funds/USA	COM	6706ER101	738,198	55,213	SH		SOLE		55,213	0	0
Nuveen Closed-End Funds/USA	COM	67072C105	92,670	14,525	SH		SOLE		14,525	0	0
Nuveen Closed-End Funds/USA	COM	67074Y105	149,054	13,052	SH		SOLE		13,052	0	0
ORACLE CORP	COM	68389X105	98,726	829	SH		DFND		794	0	35
ORACLE CORP	COM	68389X105	5,600,922	47,031	SH		SOLE		47,031	0	0
PEPSICO INC	COM	713448108	98,537	532	SH		DFND		532	0	0
PEPSICO INC	COM	713448108	3,691,805	19,932	SH		SOLE		19,907	0	25
PNC Financial Services Group I	COM	693475105	128,595	1,021	SH		DFND		1,000	0	21
PNC Financial Services Group I	COM	693475105	208,195	1,653	SH		SOLE		1,653	0	0
PROGRESSIVE CP(OH)	COM	743315103	219,337	1,657	SH		SOLE		1,657	0	0
PROSHARES ETFS/USA	SHORT QQQ NEW	74347B714	507,360	48,000	SH		SOLE		48,000	0	0
Palo Alto Networks Inc	COM	697435105	375,600	1,470	SH		SOLE		1,470	0	0
PetMed Express Inc	COM	716382106	146,174	10,600	SH		SOLE		10,600	0	0
Pfizer Inc	COM	717081103	3,961	108	SH		DFND		0	0	108
Pfizer Inc	COM	717081103	1,114,338	30,380	SH		SOLE		30,280	0	100
Pfizer Inc	CL A	98978V103	206,308	1,198	SH		SOLE		1,198	0	0
Physicians Realty Trust	COM	71943U104	3,763	269	SH		DFND		269	0	0
Physicians Realty Trust	COM	71943U104	921,381	65,860	SH		SOLE		65,860	0	0
Pinnacle West Capital Corp	COM	723484101	244,380	3,000	SH		SOLE		3,000	0	0
Postal Realty Trust Inc	CL A	73757R102	9,253	629	SH		DFND		629	0	0
Postal Realty Trust Inc	CL A	73757R102	2,052,339	139,520	SH		SOLE		139,520	0	0
ProShare Advisors LLC	SHORT S&P 500 NE	74347B425	277,600	20,000	SH		SOLE		20,000	0	0
Procter & Gamble Co/The	COM	742718109	50,226	331	SH		DFND		331	0	0
Procter & Gamble Co/The	COM	742718109	4,537,936	29,906	SH		SOLE		27,804	0	2,102
Prologis Inc	COM	74340W103	253,599	2,068	SH		SOLE		2,068	0	0
Putnam Investment Management LLC	COM	746823103	68,208	11,200	SH		SOLE		11,200	0	0
Putnam Investment Management LLC	SH BEN INT	746853100	42,838	12,170	SH		SOLE		12,170	0	0
QUALCOMM Inc	COM	747525103	28,451	239	SH		DFND		200	0	39
QUALCOMM Inc	COM	747525103	264,626	2,223	SH		SOLE		2,223	0	0
ROPER INDUSTRIES INC	COM	776696106	463,010	963	SH		SOLE		963	0	0
Rafferty Asset Management LLC	DAILY JR GLD MIN	25460G831	732,032	22,400	SH		SOLE		22,400	0	0
Raytheon Technologies Corp	COM	75513E101	102,662	1,048	SH		DFND		1,048	0	0
Raytheon Technologies Corp	COM	75513E101	9,274,167	94,673	SH		SOLE		90,264	0	4,409
Ross Stores Inc	COM	778296103	886,612	7,907	SH		SOLE		7,907	0	0
SALESFORCE.COM INC	COM	79466L302	34,647	164	SH		DFND		164	0	0
SALESFORCE.COM INC	COM	79466L302	2,619,835	12,401	SH		SOLE		12,401	0	0
SANDSTORM GOLD LTD	COM NEW	80013R206	61,440	12,000	SH		SOLE		12,000	0	0
SELECT SECTOR SPDR	TECHNOLOGY	81369Y803	9,388	54	SH		DFND		0	0	54
SELECT SECTOR SPDR	TECHNOLOGY	81369Y803	294,519	1,694	SH		SOLE		1,694	0	0
SELECT SECTOR SPDR	SBI INT-UTILS	81369Y886	48,949	748	SH		DFND		748	0	0
SELECT SECTOR SPDR	SBI INT-UTILS	81369Y886	3,860,436	58,992	SH		SOLE		58,346	0	646
SILVERCREST METALS	COM	828363101	199,240	34,000	SH		SOLE		34,000	0	0
SSGA FUNDS MANAGEMENT INC	PORTFOLIO INTRMD	78464A375	660,053	20,556	SH		SOLE		20,556	0	0
SSgA Funds Management Inc	TR UNIT	78462F103	192,827	435	SH		DFND		435	0	0
SSgA Funds Management Inc	TR UNIT	78462F103	4,886,719	11,024	SH		SOLE		11,024	0	0
STARBUCKS CORP	COM	855244109	59,436	600	SH		DFND		600	0	0
STARBUCKS CORP	COM	855244109	5,605,805	56,590	SH		SOLE		53,094	0	3,496
STATE STREET ETF/USA	NUVEEN BLOOMBERG	78464A284	239,796	9,588	SH		DFND		9,588	0	0
STATE STREET ETF/USA	NUVEEN BLOOMBERG	78464A284	3,818,727	152,688	SH		SOLE		152,688	0	0
Seligman Funds/Closed-end/USA	COM	895436103	30,491	1,112	SH		DFND		1,112	0	0
Seligman Funds/Closed-end/USA	COM	895436103	7,064,873	257,654	SH		SOLE		257,654	0	0
Sibanye Stillwater Ltd	SPONSORED ADR	82575P107	121,680	19,500	SH		SOLE		19,500	0	0
Skeena Resources Ltd	COM	83056P715	145,069	30,035	SH		SOLE		30,035	0	0
Sprott Asset Management CEFs	TR UNIT	85207K107	889,252	114,153	SH		SOLE		114,153	0	0
Sprott ETF Trust	URANIUM MINERS E	85208P303	813,267	24,226	SH		SOLE		24,226	0	0
Sprott ETF Trust	None	85208P808	274,720	16,000	SH		SOLE		16,000	0	0
Starwood Property Trust Inc	COM	85571B105	3,317	171	SH		DFND		171	0	0
Starwood Property Trust Inc	COM	85571B105	777,242	40,064	SH		SOLE		40,064	0	0
State Street Global Advisors Inc	BLOOMBERG HIGH Y	78468R622	3,040,027	33,033	SH		SOLE		33,033	0	0
Stryker Corp	COM	863667101	212,648	697	SH		SOLE		697	0	0
TEXAS INSTRUMENTS	COM	882508104	66,427	369	SH		DFND		369	0	0
TEXAS INSTRUMENTS	COM	882508104	7,051,563	39,171	SH		SOLE		35,936	0	3,235
TRAVELERS CO INC	COM	89417E109	431,024	2,482	SH		SOLE		2,482	0	0
Target Corp	COM	87612E106	1,715	13	SH		DFND		0	0	13
Target Corp	COM	87612E106	540,394	4,097	SH		SOLE		4,097	0	0
Tesla Inc	COM	88160R101	135,859	519	SH		DFND		519	0	0
Tesla Inc	COM	88160R101	508,881	1,944	SH		SOLE		1,944	0	0
Thermo Fisher Scientific Inc	COM	883556102	926,106	1,775	SH		SOLE		1,775	0	0
UTD PARCEL SERV	CL B	911312106	76,361	426	SH		DFND		426	0	0
UTD PARCEL SERV	CL B	911312106	7,526,708	41,990	SH		SOLE		39,366	0	2,624
Union Pacific Corp	COM	907818108	426,428	2,084	SH		DFND		2,084	0	0
Union Pacific Corp	COM	907818108	298,131	1,457	SH		SOLE		1,457	0	0
United Rentals Inc	COM	911363109	592,787	1,331	SH		SOLE		1,331	0	0
UnitedHealth Group Inc	COM	91324P102	2,884	6	SH		DFND		0	0	6
UnitedHealth Group Inc	COM	91324P102	1,163,149	2,420	SH		SOLE		2,420	0	0
Uranium Energy Corp	COM	916896103	265,441	78,071	SH		SOLE		78,071	0	0
Uranium Royalty Corp	COM	91702V101	72,000	36,000	SH		SOLE		36,000	0	0
VANGUARD	S&P 500 ETF SHS	922908363	396,283	973	SH		SOLE		973	0	0
VANGUARD ETF/USA	DIV APP ETF	921908844	682,206	4,200	SH		SOLE		4,200	0	0
VANGUARD ETF/USA	VG TL INTL STK F	921909768	2,499,766	44,575	SH		SOLE		44,575	0	0
VANGUARD ETF/USA	INTERMED TERM	921937819	1,973,810	26,237	SH		SOLE		26,237	0	0
VANGUARD ETF/USA	FTSE EMR MKT ETF	922042858	221,909	5,455	SH		DFND		5,455	0	0
VANGUARD ETF/USA	FTSE EMR MKT ETF	922042858	11,587,413	284,843	SH		SOLE		273,938	0	10,905
VANGUARD ETF/USA	SHRT TRM CORP BD	92206C409	21,790	288	SH		DFND		288	0	0
VANGUARD ETF/USA	SHRT TRM CORP BD	92206C409	12,350,511	163,237	SH		SOLE		163,237	0	0
VANGUARD ETF/USA	SM CP VAL ETF	922908611	244,130	1,476	SH		DFND		1,476	0	0
VANGUARD ETF/USA	SM CP VAL ETF	922908611	8,702,521	52,615	SH		SOLE		51,615	0	1,000
VANGUARD ETF/USA	TOTAL STK MKT	922908769	1,322,121	6,002	SH		DFND		6,002	0	0
VANGUARD ETF/USA	TOTAL STK MKT	922908769	6,254,630	28,394	SH		SOLE		28,394	0	0
VANGUARD GROUP INC/THE	TOTAL INT BD ETF	92203J407	916,989	18,760	SH		SOLE		18,760	0	0
VERIZON COMMUN	COM	92343V104	6,471	174	SH		DFND		174	0	0
VERIZON COMMUN	COM	92343V104	1,820,711	48,957	SH		SOLE		41,300	0	7,657
VISA INC	COM CL A	92826C839	59,607	251	SH		DFND		251	0	0
VISA INC	COM CL A	92826C839	4,366,307	18,386	SH		SOLE		18,386	0	0
Van Eck Associates Corp	INTRMDT MUNI ETF	92189H201	1,667,504	36,195	SH		DFND		36,195	0	0
Van Eck Associates Corp	INTRMDT MUNI ETF	92189H201	34,425,992	747,254	SH		SOLE		747,254	0	0
Vanguard ETF/USA	500 GRTH IDX F	921932505	1,527,081	6,010	SH		SOLE		6,010	0	0
Vanguard ETF/USA	VAN FTSE DEV MKT	921943858	252,974	5,478	SH		SOLE		5,478	0	0
Vanguard ETF/USA	INF TECH ETF	92204A702	2,653	6	SH		DFND		0	0	6
Vanguard ETF/USA	INF TECH ETF	92204A702	609,739	1,379	SH		SOLE		1,379	0	0
Vanguard ETF/USA	REAL ESTATE ETF	922908553	3,510	42	SH		DFND		42	0	0
Vanguard ETF/USA	REAL ESTATE ETF	922908553	258,869	3,098	SH		SOLE		3,098	0	0
Vanguard ETF/USA	SML CP GRW ETF	922908595	254,322	1,107	SH		DFND		1,107	0	0
Vanguard ETF/USA	SML CP GRW ETF	922908595	8,869,113	38,605	SH		SOLE		37,895	0	710
Vanguard ETF/USA	GROWTH ETF	922908736	1,443,662	5,102	SH		DFND		5,102	0	0
Vanguard ETF/USA	GROWTH ETF	922908736	47,026,254	166,194	SH		SOLE		166,194	0	0
Vanguard ETF/USA	VALUE ETF	922908744	1,400,253	9,854	SH		DFND		9,854	0	0
Vanguard ETF/USA	VALUE ETF	922908744	51,449,579	362,066	SH		SOLE		362,066	0	0
Vanguard Group Inc/The	TOTAL BND MRKT	921937835	112,888	1,553	SH		DFND		1,553	0	0
Vanguard Group Inc/The	TOTAL BND MRKT	921937835	6,537,302	89,934	SH		SOLE		87,943	0	1,991
Vanguard Group Inc/The	LARGE CAP ETF	922908637	480,446	2,370	SH		SOLE		2,370	0	0
Vanguard Group Inc/The	EXTEND MKT ETF	922908652	14,734	99	SH		DFND		99	0	0
Vanguard Group Inc/The	EXTEND MKT ETF	922908652	658,424	4,424	SH		SOLE		4,424	0	0
WASTE MANAGEMENT	COM	94106L109	636,278	3,669	SH		SOLE		3,669	0	0
WEC Energy Group Inc	COM	92939U106	176,480	2,000	SH		DFND		2,000	0	0
WEC Energy Group Inc	COM	92939U106	80,475	912	SH		SOLE		912	0	0
WELLS FARGO & CO	COM	949746101	5,122	120	SH		DFND		0	0	120
WELLS FARGO & CO	COM	949746101	2,016,673	47,251	SH		SOLE		47,251	0	0
Walmart Inc	COM	931142103	209,364	1,332	SH		DFND		1,332	0	0
Walmart Inc	COM	931142103	10,034,528	63,841	SH		SOLE		59,791	0	4,050
Walt Disney Co/The	COM	254687106	505,771	5,665	SH		SOLE		5,665	0	0
i-80 Gold Corp	COM	44955L106	101,250	45,000	SH		SOLE		45,000	0	0
iShares ETFs/USA	7-10 YR TRSY BD	464287440	330,662	3,423	SH		SOLE		3,423	0	0
iShares ETFs/USA	MSCI EAFE ETF	464287465	455,953	6,289	SH		SOLE		6,289	0	0
iShares ETFs/USA	MSCI ACWI EX US	464288240	104,100	2,115	SH		DFND		2,115	0	0
iShares ETFs/USA	MSCI ACWI EX US	464288240	677,513	13,765	SH		SOLE		13,765	0	0
iShares ETFs/USA	JPMORGAN USD EMG	464288281	3,365,541	38,890	SH		SOLE		38,890	0	0
iShares ETFs/USA	MBS ETF	464288588	36,467	391	SH		DFND		391	0	0
iShares ETFs/USA	MBS ETF	464288588	6,634,593	71,137	SH		SOLE		65,821	0	5,316
iShares ETFs/USA	MSCI USA MIN VOL	46429B697	236,518	3,182	SH		SOLE		3,182	0	0
iShares ETFs/USA	BLACKROCK ULTRA	46434V878	110,107	2,189	SH		DFND		2,189	0	0
iShares ETFs/USA	BLACKROCK ULTRA	46434V878	2,361,484	46,948	SH		SOLE		42,913	0	4,035