2016-08-11T08:46:29-05:00 2015-12-31 420714325 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990PF 2015-01-01 426540579 WALLACE RESEARCH FOUNDATION C/O RSM US LLP ATTN CARLEY UMSTEAD WALL 3192985333 221 THIRD AVE SE NO 300 CEDAR RAPIDS IA 52401 HENRY D WALLACE PRESIDENT 3192985333 2016-08-10 1 CARLEY UMSTEAD P00982177 3192985333 2015 2016-12-15 16:53:06Z X 79709746 X 2018 X 1738003 1738003 3541622 25184956 3541622 5281643 5279625 0 0 0 207 104 103 48600 14166 34434 435071 435071 0 72097 32097 0 4104 4104 0 560079 485542 34537 3943040 3943040 4503119 485542 3977577 778524 4794083 4713303 6377586 6377586 35387311 34666852 47578922 854461 3803474 3717596 26328547 23220116 21996338 43625 39304 39304 67327247 68107332 79709746 0 0 X 0 0 0 0 67327247 68107332 67327247 68107332 67327247 68107332 67327247 778524 1561 68107332 0 68107332 PUBLICLY TRADED SECURITIES P 9370547 9793197 -422650 -422650 PUBLICLY TRADED SECURITIES P 15431289 11850137 3581152 3581152 BANK OF AMERICA SETTLEMENT P 5433 5433 5433 CAPITAL GAINS DIVIDENDS P 377687 377687 377687 3541622 0 3296223 81700907 0.040345 2922773 77636385 0.037647 4157179 74746776 0.055617 3518346 75433652 0.046642 3233585 70375172 0.045948 0.226199 0.045240 81834914 3702212 47941 3750153 3977577 X 47941 0 47941 0 47941 49698 20000 69698 21757 21757 0 0 0 0 0 0 0 0 0 0 0 1 1 IA 1 0 0 0 0 1 N/A CARLEY UMSTEAD 3192985333 221 3RD AVE SE STE 300 CEDAR RAPIDS IA 52401 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 HENRY D WALLACE 221 THIRD AVE SE STE 300 CEDAR RAPIDS IA 52401 PRESIDENT & SECRETARY 5.00 0 0 0 LINDA WALLACE-GRAY 221 THIRD AVE SE STE 300 CEDAR RAPIDS IA 52401 VP & TREASURER 20.00 0 0 0 ANGUS GILCHRIST 221 THIRD AVE SE STE 300 CEDAR RAPIDS IA 52401 DIRECTOR 2.00 0 0 0 ALEX GILCHRIST 221 THIRD AVE SE STE 300 CEDAR RAPIDS IA 52401 DIRECTOR 2.00 0 0 0 NONE 0 EAGLE CAPITAL MANAGEMENT 499 PARK AVENUE NEW YORK NY 10022 INVESTMENT MGMT 189440 MORGAN STANLEY SMITH BARNEY 370 17TH STREET STE 2800 DENVER CO 80202 INVESTMENT CONSULT'G 174818 0 0 78468678 4612453 0 83081131 0 0 83081131 1246217 81834914 4091746 4091746 47941 47941 4043805 1561 4045366 0 4045366 3977577 0 3977577 47941 3929636 4045366 3966333 0 0 3977577 3966333 0 0 11244 0 0 0 0 0 0 0 0 4034122 0 0 0 X ARCHAEOLOGY SOUTHWEST 4550 CAMINITO CALLADO TUCSON AZ 85718 NONE PC TO SUPPORT THE ENDOWMENT OF THE PRESERVATION ARCHAEOLOGY FUTURE FUND 512500 ARCHAEOLOGY SOUTHWEST 4550 CAMINITO CALLADO TUCSON AZ 85718 NONE PC FOR ORGANIZATIONAL DEVELOPMENT AND PROGRAM INITIATIVES 200000 ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 NONE PC TO FUND RESEARCH OF PREHISPANIC CULTURES IN NORTHWEST MEXICO AND THE AMERICAN SOUTHWEST 90000 CARNEGIE MELLON UNIVERSITY 500 FORBES AVEWQED 2013 PITTSBURGH PA 15213 NONE PC TO SUPPORT A POSTDOCTORAL RESEARCHER TO RESEARCH ORGANIC MOLECULES IN THE EARTH'S ATMOSPHERE 180000 CONQUER CHIARI 320 OSPREY CT WEXFORD PA 15090 NONE PC TO FUND RESEARCH OF CHIARI MALFORMATION 40000 CORAL RESTORATION FOUNDATION 5 SEAGATE BOULEVARD KEY LARGO FL 33037 NONE PC TO SUPPORT THE RECRUITMENT AND HIRING OF AN EXPERIENCED EXECUTIVE DIRECTOR 187000 DELAWARE RIVERKEEPER NETWORK 925 CANAL ST STE 3701 BRISTOL PA 19007 NONE PC TO MONITOR AND PROTECT THE DELEWARE RIVER FROM GAS DRILLING IMPACTS 200000 FAIREWINDS ENERGY EDUCATION CORP 70 SOUTH WINOOSKI BOX 289 BURLINGTON VT 05401 NONE PC EDUCATIONAL OUTREACH TEACHING ABOUT NUCLEAR ENGINEERING, NUCLEAR POWER, AND NUCLEAR SAFETY ISSUES 150000 FRIENDS OF SOUTH GEORGIA ISLAND 25 DAKOTA MEADOWS DRIVE CARBONDALE CO 81623 NONE PC TO SUPPORT THE ERADICATION OF INVASIVE RODENTS ON SOUTH GEORGIA ISLAND 50000 HAWK MOUNTAIN SANCTUARY ASSOCIATION 1700 HAWK MOUNTAIN RD KEMPTON PA 19529 NONE PC TO STUDY THE MOVEMENT ECOLOGY OF SCAVENGING BIRDS OF PREY IN ARIZONA AND AFRICA 55000 HUMANE SOCIETY INTERNATIONAL 2100 L STREET NW WASHINGTON DC 20037 NONE PC TO PROVIDE VETERINARY SERVICES TO RURAL COMMUNITIES IN COSTA RICA 55000 HUMANE SOCIETY INTERNATIONAL 2100 L STREET NW WASHINGTON DC 20037 NONE PC TO PROVIDE VETERINARY SERVICES TO UNDERSERVED COMMUNITIES IN BELIZE 60000 HUMANE SOCIETY OF SOUTHERN ARIZONA 3450 N KELVIN BLVD TUCSON AZ 85716 NONE PC TO SUPPORT SPAY AND NEUTER SURGERIES, TREATMENT, REHABILITATION, AND RE-HOMING OF ANIMALS 150000 HUMANE SOCIETY OF SOUTHERN ARIZONA 3450 N KELVIN BLVD TUCSON AZ 85716 NONE PC TO SUPPORT SPAY AND NEUTER SURGERIES AND VACCINATION CLINICS IN SOUTHERN ARIZONA 24000 ISLAND CONSERVATION 2161 DELAWARE AVENUE STE A SANTA CRUZ CA 95060 NONE PC TO PROTECT THE CRITICALLY ENDANGERED SPECIES OF RICORD IGUANA AND THE RHINOCEROS IGUANA 50000 MASSACHUSETTS AUDUBON SOCIETY 208 S GREAT RD LINCOLN MA 01773 NONE PC TO SUPPORT LONG-TERM CONSERVATION EFFORTS AND OUTREACH ACTIVITIES AT PAYNE'S CREEK NATIONAL PARK 100000 MASSACHUSETTS GENERAL HOSPITAL 125 NASHUA STREET SUITE 540 BOSTON MA 02114 NONE PC TO RESEARCH INFASTRUCTURE FOR SYSTEMS MEDICINE 100000 NORTHERN JAGUAR PROJECT 2114 W GRAND RD STE 121 TUCSON AZ 85745 NONE PC FOR INFRASTRUCTURE IMPROVEMENTS AT THE NORTHERN JAGUAR RESERVE IN SONORA, MEXICO 50000 POUGHKEEPSIE FARM PROJECT PO BOX 3143 POUGHKEEPSIE NY 12603 NONE PC TO FUND FARM TO SCHOOL PROGRAM EXPANSION AND FOR FARM REPAIRS, IMPROVEMENTS, AND MAINTENANCE 210000 RADIATION AND PUBLIC HEALTH PROJECT INC 716 SIMPSON AVENUE OCEAN CITY NJ 08226 NONE PC TO CONDUCT A STUDY ON THE HEALTH OF FETUSES, INFANTS, AND YOUNG CHILDREN IN RURAL PENNSYLVANIA 10000 REGIONAL FOOD BANK 965 ALBANY-SHAKER RD LATHAM NY 12110 NONE PC TO SUPPORT THE RETAIL STORE DONATION PROGRAM FOR THE FOOD BANK OF THE HUDSON VALLEY 20000 RIVERKEEPER INC 20 SECOR RD OSSINING NY 10562 NONE PC TO SUPPORT POLLUTION INVESTIGATION AND ENFORCEMENT 90000 RURAL & MIGRANT MINISTRY INC PO BOX 4757 POUGHKEEPSIE NY 12602 NONE PC TO FUND RURAL YOUTH LEADERSHIP DEVELOPMENT, EDUCATION AND GENERAL PROGRAM DEVELOPMENT 86868 RUTGERS UNIVERSITY 3 RUTGERS PLAZA ASB III 2ND FLOOR NEW BRUNSWICK NJ 08901 NONE PC FOR THE STUDY OF SENSORY PROCESSING DISORDER USING NEW ANALYTICS AND WEARABLE SENSING DEVICES 18000 SAFINA CENTER SOMAS NASSAU HALL 111 STONY BROOK NY 11794 NONE PC TO FUND THREE FELLOWSHIPS AND BASIC PROGRAM MANAGEMENT AND OUTREACH TO ADVANCE OCEAN CONSERVATION 50000 SCIENTEK-12 FOUNDATION 3247 N CHRISTMAS AVE TUCSON AZ 85716 NONE PC TO SUPPORT EDUCATIONAL OUTREACH PROGRAMS TO K-12 STUDENTS IN UNDER-SERVED AND RURAL AREAS IN ARIZONA 75000 SPD FOUNDATION 5420 S QUEBEC ST STE 135 GREENWOOD VILLAGE CO 80111 NONE PC TO FURTHER RESEARCH RELATED TO SENSORY PROCESSING DISORDER 60000 THE NATURE CONSERVANCY - ALASKA 715 L ST STE 100 ANCHORAGE AK 99501 NONE PC FOR GENERAL SUPPORT OF CONSERVATION EFFORTS IN ALASKA 80000 THE NATURE CONSERVANCY - ARIZONA 7600 N 15TH ST STE 100 PHOENIX AZ 85020 NONE PC FOR CAPITAL NEEDS TO IMPROVE ARIZONA PRESERVES AND PROGRAM EFFICIENCY 70000 THE NATURE CONSERVANCY - TENNESSEE 210 25TH AVENUE NORTH STE 810 NASHVILLE TN 37203 NONE PC FOR WHITE NOSE SYNDROME RESEARCH AND MITIGATION, AND CAVE AND KARST CONSERVATION EFFORTS IN TENNESSEE 65000 TOHONO CHUL PARK 7366 PASEO DEL NORTE TUCSON AZ 85704 NONE PC TO SUPPORT GARDENS, FACILITIES, AND CONSERVATION EDUCATION INITIATIVES 150000 TOHONO CHUL PARK 7366 PASEO DEL NORTE TUCSON AZ 85704 NONE PC TO SUPPORT GARDENS AND TO FUND CONSTRUCTION OF THE PARKING EXPANSION/PAVILION PROJECT 100000 TUCSON BOTANICAL GARDENS 2150 N ALVERNON WAY TUCSON AZ 85712 NONE PC TO SUPPORT GARDENS, FACILITIES, AND CONSERVATION EDUCATION INITIATIVES 35000 UNION OF CONCERNED SCIENTISTS 2 BRATTLE SQUARE CAMBRIDGE MA 02138 NONE PC TO EMPOWER SCIENTISTS AND ENVIRONMENTAL GROUPS TO ADDRESS CHEMICAL SAFETY IN THE HOUSTON AREA 15000 UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST MCB 425 BOX 0897 SAN FRANCISCO CA 94143 NONE PC TO FURTHER RESEARCH OF ATTENTION IN SENSORY PROCESSING DISORDER 20000 UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST MCB 425 BOX 0897 SAN FRANCISCO CA 94143 NONE PC TO RESEARCH SENSORY PROCESSING DISORDER AND THE ABILITY TO PREDICT BEHAVIORAL SENSORY FUNCTION 40000 UNIVERSITY OF CALIFORNIA - SAN FRANCISCO 1855 FOLSOM ST MCB 425 BOX 0897 SAN FRANCISCO CA 94143 NONE PC TO FURTHER RESEARCH OF SENSORY PROCESSING DISORDER AND PHENOTYPING 30000 UNIVERSITY OF IOWA FOUNDATION PO BOX 4550 IOWA CITY IA 52244 NONE PC TO FUND A POSITION AT THE BELIN-BLANK CENTER 30000 UNIVERSITY OF NORTH CAROLINA - CHAPEL HILL 104 AIRPORT DRIVE SUITE 2200 CB 1350 CHAPEL HILL NC 27599 NONE PC TO SUPPORT THE INHERIT PROGRAM FOR ARCHAEOLOGICAL RESEARCH OF MAYA CULTURAL HERITAGE 50000 UNIVERSITY OF ROCHESTER PO BOX 270140 ROCHESTER NY 14627 NONE PC TO SUPPORT RESEARCH OF CROSS-SENSORY COMMUNICATION AND GATING IN SENSORY PROCESSING DISORDER 30000 UNIVERSITY OF WISCONSIN - MADISON 21 N PARK ST STE 6401 MADISON WI 53715 NONE PC TO FURTHER RESEARCH AND PUBLISH RESEARCH OF SENSORY PROCESSING DISORDERS 9924 VANDERBILT UNIVERSITY PO BOX 121236 DALLAS TX 75312 NONE PC TO FURTHER RESEARCH RELATED TO SENSORY PROCESSING DISORDER 19749 WAKE FOREST UNIVERSITY OF HEALTH SCIENCES MEDICAL CENTER BLVD WINSTONSALEM NC 27157 NONE PC TO FURTHER RESEARCH OF SENSORY PROCESSING DISORDER BY STUDYING DEVELOPMENTAL DISRUPTIONS 24999 WILDCOAST 925 SEACOAST DR IMPERIAL BEACH CA 91932 NONE PC TO SUPPORT CONSERVATION OF COASTAL ECOSYSTEMS AND WILDLIFE ON MEXICO'S PACIFIC COASTLINE 55000 WILDLIFE ALLIANCE INC 1441 BROADWAY FIFTH FLOOR NEW YORK NY 10018 NONE PC TO SUPPORT ENDING WILDLIFE TRAFFICKING IN SOUTHEAST ASIA 50000 WILDLIFE CONSERVATION SOCIETY 2300 SOUTHERN BLVD BRONX NY 10460 NONE PC FOR SUSTAINABLE MANAGEMENT EFFORTS IN THE SOLOMON ISLANDS 100000 YOUTH OUTDOOR EXPERIENCE 439 N 6TH AVE 187 TUCSON AZ 85705 NONE PC TO SUPPORT AND IMPLEMENT A STRATEGIC MARKETING FUNDRAISING PLAN 50000 ZOOLOGICAL SOCIETY OF SAN DIEGO PO BOX 120551 SAN DIEGO CA 92112 NONE PC TO SUPPORT THE TROPICAL ECOLOGY AND MANAGEMENT FIELD COURSE 45000 3943040 0 14 1738003 18 3541622 0 5279625 0 5279625 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 48600 14166 34434 VERIZON COMMUNICATIONS 265753 261423 FORD MOTOR CREDIT CO LLC 255795 250358 AT&T INC 279254 275812 PITNEY BOWES INC 280677 273430 TIME WARNER INC 111730 108118 AMEGEN INC 263027 257292 JP MORGAN CHASE & CO 274766 270038 GENERAL MILLS INC 258326 250187 CVS HEALTH CORP 262571 254390 YUM!BRANDS INC 255702 221415 HARLEY-DAVIDSON INC 257009 251188 CELGENE CORP 254593 248987 2267 GMAC CAP TRUST I 8.125% TO 2/1/16 FLOATS AFTER 58464 57491 2307 CITIGROUP CAPT XIII 7.875% FIX ED 10/30/15 FLOATS AFTER 61513 59959 1831 KKR FINANCIAL HOLDINGS 8.375 48135 48467 2166 AVIVA PLC 8.25 59066 57334 765 AEGON NV 8% 20912 21068 1095 RAYMOND JAMES FINANCIAL 29191 29193 1385 HARTFORD FINL SVC GRP 7.875% TO 4/15/22 FLOATS AFTER 40332 43766 570 AMERICAN FINANCIAL GROUP 14999 14854 1089 AFFILIATED MANAGERS GROUP INC 6.375% 27918 29033 2620 REINSURANCE GROUP AMERICA INC 71876 76085 300 APOLLO INVESTMENT CORP 6.625% 7410 7623 305 SOLOAR CAPITAL LTD 6.75% 7227 7588 865 APOLLO INVESTMENT CORP6.875% 21891 21677 288 SCE TR IV 5.375%-J 7268 7822 570 QWEST CORP 14729 14495 1085 QWEST CORP 27365 27841 1700 QWEST CORP 6.875% 44277 43775 285 AMTRUST FINANCIAL SERVICES INC 7.50% 7017 7373 575 QWEST CORP 6.625% 14231 14479 290 AMERICAN FINANCIAL GROUP 7264 7444 1705 TELEPHONE & DATA SYSTEMS 42035 43067 530 GOLDMAN SACHS GROUP INC NT 6.5% 13636 13939 1070 DTE ENERGY CO SER I 28796 28409 280 UNITED STATE CELLULAR CORP 7.25% 7195 7179 295 UNITED STATES CELLULAR CORP 7.25% 7346 7407 2335 INTEGRYS ENERGY INC 6.00% FXD TO 8/1/23 FLTS THEREAFTER 58385 60199 575 THE SOUTHERN CO 6.25%-A 14269 15462 852 ASSURED GUARNITY MUNI HLDGS INC NT MTY 21524 21929 17368 ACCOR S A SPONS ADR NEW 167447 151102 3461 AERCAP HOLDINGS N.V 167851 149377 2714 ARM HOLIDINGS PLC ADS 123466 122781 11167 ATLANTIA SPA UNSPONS ADR 152031 147404 14931 AVIVA PLC ADR 252792 227100 1953 CHINA MOBILE LTD 113235 110012 2153 CME GROUP INC 201890 195062 22588 COMPAGNIE DE ST GOBAIN UNSP 204720 195273 6769 COMPASS GROUP PLC 110151 119270 2102 CTRIP.COM INTL LTD 77025 97386 2138 DELPHI AUTOMOTIVE PLC 182246 183291 22703 DEUTSCHE BOERSE AG UNSPON ADR 192294 198651 9581 EAST JAPAN RY CO ADR 151535 150278 6095 FRESENIUS SE & CO SPN ADR 107594 108796 1247 HDFC BANK LTD ADR 72991 76815 2568 HEINEKEN NV SPN ADR 103735 109782 5475 HONG KONG EXCHANGES & CLEARING 147330 139448 2671 IBERDROLA SA SPON ADR 75530 75643 15371 ING GROEP NV ADR 204411 206894 1692 INTERNATIONAL CONS AIRLS GRP 73675 75717 10282 INTESA SANPAOLO S.P.A ADR 216799 205486 4245 ITV PLC UNSPONS ADR 151526 172878 15300 JAPAN EXCHANGE GROUP INC 116160 120411 1387 KANSAS CY SOUTHN IND NEW 145777 103567 3759 KOREA ELECTRIC POWER CORP ADS 73675 79578 4104 LIBERTY GLOBAL PLC CL A NEW 170982 173845 37631 LLOYDS BANKING GROUP 173892 164071 7619 LONDON STK EXCHANGE GROUP 74964 78857 1215 NATL GRID TRANSCO PLC ADS 82225 84491 1927 NESTLE SPON ADR REP REG SHR 145148 143407 2793 NELSEN HLDGS PLC 126749 130154 7739 NIPPON TELEGRAPH&TELEPHONE ADS 264012 307548 18018 NOKIA CP ADR 132672 126486 1494 NOVARTIS AG ADR 136231 128544 3105 NOVO NORDISK A/S ADR 109792 180338 1907 NXP SEMICONDUCTORS 182153 160665 508 PERRIGO CO LTD 75046 73508 5996 RECKITT BENCKISER PLC SPNS ADR 112250 112365 4211 RENAULT S A ADR 65458 84873 4674 ROCHE HOLDINGS ADR 163179 161113 7290 SONY CORP ADR 1974 NEW 196638 179407 8255 SUEX ENVIRONMENT UNSPON ADR 72724 78010 30025 SUMITOMO MITSUI TR HLDGS INC 135455 114245 18615 TELECOM ITALIA SPA ADS 234723 235480 1811 TOYOTA MOTOR CP ADR NEW 246056 222825 8667 UBS GROUP AG SHS 178766 167880 11457 VINCI SA ADR 174927 183827 4641 VIVENDI SA UNSPON ADR 113427 99085 12000 FIRST TR ISE WTR INDEX FD 402328 361320 27738 FIRST TRUST AMEX BIOTECH 1996450 3134949 85218 FIRST TRUST ENERGY INFRASTRU 1722680 1243335 25000 SPDR S&P DIVIDEND 1358771 1839250 18300 SPDR S&P MIDCAP 400 ETF TRUST 2119110 4648932 28710 VANGUARD HEALTH CARE ETF 2788596 3814985 22774 VANGUARD RUSSELL 1000 1751927 2322948 8000 VANGUARD S&P SMALL CAP 600 ETF 838241 793200 830 AEGON NV 6.3750% SERIES 21239 21397 1222 AEGON NV SERIES 1 25913 29491 560 ALLSTATE CORP 6.625%-E 15092 15540 280 ALLSTATE CORP DEP SHS 1/1000 7528 7750 541 ALLY FINAL 8.5% FXD THEN FLOATS 14362 13925 1055 ARCH CAPTIAL GRP LTD 6.75% 25509 28369 1370 ASPEN INSC HLDGS LTD PERP PFD 36016 34524 820 ASPEN INSURANCE HLDG LTD 19971 21148 1655 BANK OF AMERICA CORP 6.5%-Y 42319 44222 1120 BANK OF AMERICAN 6.625%-W 27887 29949 835 BARCLAYS BK PLC 6.625 SER2 20407 21610 1090 CAPITAL ONE FINL CORP 6.70%-D 28471 30030 2190 CHS INC 55454 58714 2140 CHS INC 58160 58358 2146 CITIGROUP INC 6.875%-K 56403 59788 515 CITIGRP INC 7.125% 13003 14425 1668 DEUTSCHE BK CONT CAP III 7.60% 45066 44102 1133 DEUTSCHE BK CONT CAP II 6.55% 30293 29073 1025 DEUTSCHE BK CONT CAP TR V 8.05 29410 27839 550 DIGITAL REALITY TR INC 7% SER-E 14859 14207 1065 DIGITAL REALITY TRUST 7.375%-H 28484 28691 295 ENDURANCE SPECIALTY 6.35%-C 7323 7570 1655 ENDURANCE SPECIALITY HLDG 7.50% 41745 42715 280 EPR PPTYS PRF CONV SER F% 7025 7087 1005 F N B CORP FLA DEP SHS REPSTG 27351 29386 1572 FIFTH THIRD BANCORP 6.625%-I 40472 45431 2716 FIRST NIAGARA FIN GP 8.625%-B 76010 74038 1760 GOLDMAN SACHS GROUP PFD D 35274 35904 1735 GOLDMAN SACHS GRP INC 5.50%-J 41454 44919 1625 GOLDMAN SACHS GRP INC 6.375%-K 40927 45159 635 HSBC USA INC PFD SR F 13843 14021 850 ING GROEP NV 6.375% 21463 21913 840 ING GROEP NV 6.2% SER 19709 21420 575 JP MORGAN CHASE & CO 6.1%-Y 14247 14887 305 JPMORGAN CHASE & CO 6.125%-T 7611 7967 1070 JPMORGAN CHASE & CO 6.70%-T 28319 29403 585 MORGAN STANLEY 6.375%-I 14999 15542 1045 MORGAN STANLEY 6.875%-F 27668 29030 1560 MORGAN STANLEY 7.125%-E 42561 44662 1457 MORGAN STANLEY SER-A 27913 30291 1615 NATIONAL RETAIL PROP 6.625%-D 40092 42168 2120 PARTNERRE LTD 7.25% 54810 60568 3650 PNC FINL P 6.125% FLTS 5/01/22 92825 104207 1455 PS BUSN PARKS 6.00% SER T 36537 37161 290 RBS CAP FNDG TRUST V 5.9% 7135 7116 885 RBS CAP FNDG TRUST VII 6.08% G 20196 22063 1105 REGENCY CENTERS 6.625% SER 6 28070 29084 270 REGIONS FINANCIAL CO 6.375%-B 7081 7325 1145 ROYAL BK SCOTLAND GRP 6.125% 28465 28671 1700 ROYAL BK SCOTLAND GRP PLC 6.60 40782 43180 620 SANTANDER FINANCE PRF SA FLR 11241 14117 1110 STATE ST CO 5.90-D FXD-TO-FLT 28380 30725 510 SYNOVUS FIN CP 7.875 PFD 14194 14236 755 UBS PFD RDG TR IV FLTG RT 11618 14705 1922 US BANCORP 6%-G FLTS 4/15/17 52330 51548 1770 US BANCORP-F 6.5% FLTS 1/15/22 47582 50834 570 VALLEY NATL BANCORP SER-A 14226 15618 1180 VEREIT INC PFD SER F 27974 29028 2585 WELLS FARGO & COMPANY 6.625%-R 70069 74267 1775 WELLS FARGO 8% NON-CUM SER J 50781 49842 1415 WINTRUST FINANCIAL CORP 35512 37625 1360 ZIONS BANCORP 6.30% 35605 35535 255 ZIONS BANCORP PFD 7.9% SER F 7070 6829 7050 ALIBABA GROUP HLDG LTD 578563 572954 635 ALPHABET INC CL A 173384 494036 1536 ALPHABET INC CL C 653830 1165640 1475 AMAZON COM INC 437648 996938 11851 AON PLC SHS CL-A 581647 1092781 131 ASCENT CAPITAL GROUP A COM 2978 2190 26500 BANK OF AMERICA CORP 441595 445995 7198 BERKLEY W R CORP 193225 394090 12025 BERKSHIRE HATHAWAY CL-B NEW 1138258 1587781 21000 CITIGROUP INC NEW 1006869 1086750 1650 CONSTELLATION BRANDS INC CL A 72741 235026 6500 DISCOVERY COMMUNICATIONS SER C 219784 163930 11900 DISH NETWORK CLASS A 556159 680442 10300 ECOLAB INC 429500 1178114 2350 GOLDMAN SACHS GRP INC 254523 423540 7700 JPMORGAN CHASE & CO 445119 508431 35236 LIBERTY GLOBAL PLC CL C NEW 400429 1436572 1761 LIBERTY GLOBAL PLC LILAC C 20224 75723 27800 MICROSOFT CORP 780884 1542344 15900 MONELEZ INTL INC COM 341429 712956 18600 MORGAN STANLEY 271346 591666 37100 ORACLE CORP 1148123 1355263 3500 PEPSICO INC NC 416948 649480 5400 THERMO FISHER SCIENTIFIC 241859 765990 35000 TWENTY-FIRST CENTURY FOX CL B 1031129 953050 6733 UNITEDHEALTH GP INC 204445 792070 5925 VALEANT PHARMACEUTIC INTL INC 778420 602276 322609.995 JP MORGAN LIMITED DUR BD SEL AT COST 3201521 3213196 358645.730 JP MORGAN STRAT INC OPP SEL AT COST 4264310 3977381 250359.402 LOOMIS SAYLES STRATEGIX INC Y AT COST 4044960 3417406 164555.133 LORD ABBETT FLT RT F AT COST 1561628 1446439 1069760.807 LORD ABBETT SHT BURATION INC F AT COST 4904430 4610669 452134.599 MAINSTAY HI YLD CORP BOND I AT COST 2156613 2396313 97345.628 MATTHEWS ASIA DIVIDEND INV AT COST 1547650 1495229 91576.321 TEMPLETON GLOBAL BD FD ADV AT COST 1206738 1055875 1091.18 ARTISAN FUNDS INC MID CAP VALUE FD INV SHS ARTQX AT COST 21091 20460 1156.586 ARTISAN FDS INC INTERNAITIONAL FUND INV ARTIX AT COST 24486 33171 2239.123 DIAMOND HILL LONG-SHORT FUND CL I DHLSX AT COST 35648 53224 7231.061 DODGE & COX INCOME FD DODIX AT COST 94667 96101 1516.232 HARRIS ASSOC INVT TR OAKMARK INTL FUND CL I OAKIX AT COST 20943 32387 722.369 JPMORGAN MID CAP VALUE FUND CL I FLMVX AT COST 15130 24539 3433.47 ROYCE FUND PENNSYLVANIA MUTUAL FD INVESTMENT CL PENNX AT COST 30037 32034 1183.392 PIMCO FDS PAC INVT MGMT SER EMERGING MKTS BD RD INSTL CL PEBIX AT COST 13160 11017 2765.394 PRINICIPAL FUNDS INC PREFERRED SECURITIES INSTAL CLASS PPSIX AT COST 27677 27930 1037.51 TEMPLETON INCOME TR GLOBAL BD FD ADVISOR CL TGBAX AT COST 13104 11962 895.639 TWEEDY BROWNE FD INC GLOBAL VALUE FD TBGVX AT COST 17619 21907 1791.54 VANGUARD GNMA FD CL I VFIIX AT COST 18704 19098 LEGAL FEES 207 104 103 DIVIDEND RECEIVABLE 43625 39304 39304 BANK SERVICE CHARGES 211 211 0 ADR FEES 3893 3893 0 RETURN OF PRIOR YEAR GRANTS 1561 SB INVEST CONSULTING FEES 174818 174818 0 INVESTMENT MANAGEMENT FEES 260253 260253 0 FOREIGN TAXES 32097 32097 0 EXCISE TAXES 40000 0 0