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 |
ALLIANCEBERNSTEIN NATL MUNI | COM | 01864U106 | 214 | 15,895 | SH | | DFND | 1 2 | 15,895 | 0 | 0 |
AVAYA HLDGS CORP | COM | 05351X101 | 918 | 77,133 | SH | | DFND | 1 2 | 77,133 | 0 | 0 |
BARINGS BDC INC | COM | 06759L103 | 738 | 75,000 | SH | | DFND | 1 2 | 75,000 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 694 | 52,355 | SH | | DFND | 1 2 | 52,355 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 130 | 10,000 | SH | | DFND | 1 2 | 10,000 | 0 | 0 |
BLACKROCK FLOAT RATE OME STR | COM | 09255X100 | 1,900 | 148,133 | SH | | DFND | 1 2 | 148,133 | 0 | 0 |
BLACKROCK FLOATING RATE INCO | COM | 091941104 | 1,635 | 131,668 | SH | | DFND | 1 2 | 131,668 | 0 | 0 |
BLACKROCK MUN 2030 TAR TERM | COM SHS BEN IN | 09257P105 | 1,194 | 51,400 | SH | | DFND | 1 2 | 51,400 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 294 | 20,912 | SH | | DFND | 1 2 | 20,912 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 206 | 14,976 | SH | | DFND | 1 2 | 14,976 | 0 | 0 |
BLACKROCK MUNIENHANCED FD IN | COM | 09253Y100 | 140 | 12,652 | SH | | DFND | 1 2 | 12,652 | 0 | 0 |
BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | 209 | 15,914 | SH | | DFND | 1 2 | 15,914 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 2,579 | 188,974 | SH | | DFND | 1 2 | 188,974 | 0 | 0 |
BLACKROCK MUNIHLDNGS QLTY II | COM | 09254C107 | 539 | 42,879 | SH | | DFND | 1 2 | 42,879 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 2,192 | 164,839 | SH | | DFND | 1 2 | 164,839 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 458 | 50,000 | SH | | DFND | 1 2 | 50,000 | 0 | 0 |
BLACKROCK MUNIYIELD CALI QLT | COM | 09254N103 | 1,839 | 129,555 | SH | | DFND | 1 2 | 129,555 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 1,533 | 120,611 | SH | | DFND | 1 2 | 120,611 | 0 | 0 |
BLACKROCK MUNIYIELD PA QLTY | COM | 09255G107 | 325 | 23,160 | SH | | DFND | 1 2 | 23,160 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 2,701 | 204,613 | SH | | DFND | 1 2 | 204,613 | 0 | 0 |
CLEARBRIDGE ENERGY MIDSTRM O | COM | 18469P100 | 184 | 20,000 | SH | | DFND | 1 2 | 20,000 | 0 | 0 |
CREDIT SUISSE AG NASSAU BRH | VLCTYSHS 3X S&P | 22539T217 | 164 | 10,000 | SH | | DFND | 1 2 | 10,000 | 0 | 0 |
DELAWARE INV MN MUN INC FD I | COM | 24610V103 | 1,396 | 108,537 | SH | | DFND | 1 2 | 108,537 | 0 | 0 |
DILLARDS INC | CL A | 254067101 | 55 | 16,800 | SH | Call | DFND | 1 2 | 16,800 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 4,955 | 439,739 | SH | | DFND | 1 2 | 439,739 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 878 | 79,558 | SH | | DFND | 1 2 | 79,558 | 0 | 0 |
EATON VANCE FLTG RATE INCOM | COM SHS BEN INT | 278284104 | 893 | 59,682 | SH | | DFND | 1 2 | 59,682 | 0 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 912 | 67,602 | SH | | DFND | 1 2 | 67,602 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 886 | 70,000 | SH | | DFND | 1 2 | 70,000 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 1,620 | 130,212 | SH | | DFND | 1 2 | 130,212 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 885 | 67,579 | SH | | DFND | 1 2 | 67,579 | 0 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 990 | 158,853 | SH | | DFND | 1 2 | 158,853 | 0 | 0 |
EATON VANCE TAX MNGD BUY WRI | COM SH BEN INT | 27829M103 | 570 | 60,474 | SH | | DFND | 1 2 | 60,474 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 631 | 45,927 | SH | | DFND | 1 2 | 45,927 | 0 | 0 |
FIRST TR SR FLG RTE INCM FD | COM | 33733U108 | 349 | 28,964 | SH | | DFND | 1 2 | 28,964 | 0 | 0 |
FIRST TR SR FLOATING RATE 20 | COM SHS | 33740K101 | 610 | 68,595 | SH | | DFND | 1 2 | 68,595 | 0 | 0 |
FST TR NEW OPPORT MLP & ENE | COM | 33739M100 | 136 | 14,400 | SH | | DFND | 1 2 | 14,400 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 580 | 52,772 | SH | | DFND | 1 2 | 52,772 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 765 | 68,488 | SH | | DFND | 1 2 | 68,488 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 435 | 35,372 | SH | | DFND | 1 2 | 35,372 | 0 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 486 | 38,095 | SH | | DFND | 1 2 | 38,095 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 42 | 230,000 | SH | Put | DFND | 1 2 | 230,000 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 404 | 29,751 | SH | | DFND | 1 2 | 29,751 | 0 | 0 |
J JILL INC | COM | 46620W102 | 80 | 40,000 | SH | | DFND | 1 2 | 40,000 | 0 | 0 |
KAYNE ANDERSN MLP MIDS INVT | COM | 486606106 | 230 | 15,000 | SH | | DFND | 1 2 | 15,000 | 0 | 0 |
NEUBERGER BRMAN CLIFRN MUNI | COM | 64123C101 | 190 | 13,979 | SH | | DFND | 1 2 | 13,979 | 0 | 0 |
NUVEEN ARIZONA QLTY MUN INC | COM | 67061W104 | 226 | 17,263 | SH | | DFND | 1 2 | 17,263 | 0 | 0 |
NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | 1,327 | 90,907 | SH | | DFND | 1 2 | 90,907 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 4,725 | 596,634 | SH | | DFND | 1 2 | 596,634 | 0 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 1,020 | 103,600 | SH | | DFND | 1 2 | 103,600 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 1,745 | 179,183 | SH | | DFND | 1 2 | 179,183 | 0 | 0 |
NUVEEN GEORGIA QLTY MUN INC | COM | 67072B107 | 125 | 10,090 | SH | | DFND | 1 2 | 10,090 | 0 | 0 |
NUVEEN MINESOTA QLT MUN INC | SHS | 670734102 | 576 | 42,072 | SH | | DFND | 1 2 | 42,072 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,523 | 256,900 | SH | | DFND | 1 2 | 256,900 | 0 | 0 |
NUVEEN TEXAS QLTY MUN INCME | COM | 670983105 | 578 | 42,216 | SH | | DFND | 1 2 | 42,216 | 0 | 0 |
OHR PHARMACEUTICAL INC | COM | 67778H309 | 57 | 16,653 | SH | | DFND | 1 2 | 16,653 | 0 | 0 |
PIONEER FLOATING RATE TR | COM | 72369J102 | 237 | 22,189 | SH | | DFND | 1 2 | 22,189 | 0 | 0 |
SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 85208R101 | 1,323 | 100,000 | SH | | DFND | 1 2 | 100,000 | 0 | 0 |
TESLA INC | COM | 88160R101 | 47 | 19,500 | SH | Put | DFND | 1 2 | 19,500 | 0 | 0 |
UBS AG LONDON BRH | ETRACS MTH2XRE | 90269A302 | 238 | 16,593 | SH | | DFND | 1 2 | 16,593 | 0 | 0 |
UBS AG LONDON BRH | ETRACS MTH 2XLV | 90270L842 | 1,168 | 80,835 | SH | | DFND | 1 2 | 80,835 | 0 | 0 |
URBAN ONE INC | CL D NON VTG | 91705J204 | 384 | 195,783 | SH | | DFND | 1 2 | 195,783 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 713 | 149,715 | SH | | DFND | 1 2 | 149,715 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 672 | 70,296 | SH | | DFND | 1 2 | 70,296 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 364 | 40,582 | SH | | DFND | 1 2 | 40,582 | 0 | 0 |