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 |
AVAYA HLDGS CORP | COM | 05351X101 | 168 | 16,461 | SH | | DFND | 1 2 | 16,461 | 0 | 0 |
AVAYA HLDGS CORP | COM | 05351X101 | 957 | 93,539 | SH | | DFND | 1 2 | 93,539 | 0 | 0 |
AVAYA HLDGS CORP | NOTE 2.250% 6/1 | 05351XAB7 | 1,152 | 1,353,000 | PRN | | DFND | 1 2 | 1,353,000 | 0 | 0 |
AVAYA HLDGS CORP | NOTE 2.250% 6/1 | 05351XAB7 | 6,547 | 7,687,000 | PRN | | DFND | 1 2 | 7,687,000 | 0 | 0 |
BARINGS BDC INC | COM | 06759L103 | 188 | 18,521 | SH | | DFND | 1 2 | 18,521 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 619 | 45,255 | SH | | DFND | 1 2 | 45,255 | 0 | 0 |
BLACKROCK FLOAT RATE OME STR | COM | 09255X100 | 1,748 | 138,498 | SH | | DFND | 1 2 | 138,498 | 0 | 0 |
BLACKROCK FLOAT RATE OME STR | COM | 09255X100 | 582 | 46,141 | SH | | DFND | 1 2 | 46,141 | 0 | 0 |
BLACKROCK FLOATING RATE INCO | COM | 091941104 | 1,322 | 107,768 | SH | | DFND | 1 2 | 107,768 | 0 | 0 |
BLACKROCK FLOATING RATE INCO | COM | 091941104 | 400 | 32,596 | SH | | DFND | 1 2 | 32,596 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 408 | 28,751 | SH | | DFND | 1 2 | 28,751 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 212 | 14,976 | SH | | DFND | 1 2 | 14,976 | 0 | 0 |
BLACKROCK MUNIHLDGS NY QLTY | COM | 09255C106 | 189 | 13,914 | SH | | DFND | 1 2 | 13,914 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 330 | 23,397 | SH | | DFND | 1 2 | 23,397 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 184 | 13,065 | SH | | DFND | 1 2 | 13,065 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 1,760 | 124,664 | SH | | DFND | 1 2 | 124,664 | 0 | 0 |
BLACKROCK MUNIHLDNGS QLTY II | COM | 09254C107 | 456 | 35,675 | SH | | DFND | 1 2 | 35,675 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 2,381 | 175,959 | SH | | DFND | 1 2 | 175,959 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 263 | 19,405 | SH | | DFND | 1 2 | 19,405 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 586 | 63,722 | SH | | DFND | 1 2 | 63,722 | 0 | 0 |
BLACKROCK MUNIYIELD CALI QLT | COM | 09254N103 | 1,569 | 109,015 | SH | | DFND | 1 2 | 109,015 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 401 | 30,720 | SH | | DFND | 1 2 | 30,720 | 0 | 0 |
BLACKROCK MUNIYIELD NY QLTY | COM | 09255E102 | 1,174 | 89,891 | SH | | DFND | 1 2 | 89,891 | 0 | 0 |
BLACKROCK MUNIYIELD PA QLTY | COM | 09255G107 | 329 | 23,160 | SH | | DFND | 1 2 | 23,160 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 1,872 | 137,958 | SH | | DFND | 1 2 | 137,958 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 214 | 15,763 | SH | | DFND | 1 2 | 15,763 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 556 | 40,981 | SH | | DFND | 1 2 | 40,981 | 0 | 0 |
CLEARBRIDGE ENERGY MIDSTRM O | COM | 18469P100 | 174 | 20,000 | SH | | DFND | 1 2 | 20,000 | 0 | 0 |
CPI CARD GROUP INC | COM NEW | 12634H200 | 116 | 44,681 | SH | | DFND | 1 2 | 44,681 | 0 | 0 |
DELAWARE INV MN MUN INC FD I | COM | 24610V103 | 1,422 | 108,537 | SH | | DFND | 1 2 | 108,537 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 2,955 | 254,939 | SH | | DFND | 1 2 | 254,939 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 384 | 33,122 | SH | | DFND | 1 2 | 33,122 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 1,050 | 90,612 | SH | | DFND | 1 2 | 90,612 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 203 | 17,938 | SH | | DFND | 1 2 | 17,938 | 0 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 546 | 41,293 | SH | | DFND | 1 2 | 41,293 | 0 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 455 | 34,394 | SH | | DFND | 1 2 | 34,394 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 875 | 70,000 | SH | | DFND | 1 2 | 70,000 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 343 | 26,724 | SH | | DFND | 1 2 | 26,724 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 881 | 67,579 | SH | | DFND | 1 2 | 67,579 | 0 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 627 | 102,401 | SH | | DFND | 1 2 | 102,401 | 0 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 507 | 82,853 | SH | | DFND | 1 2 | 82,853 | 0 | 0 |
EATON VANCE SR INCOME TR | SH BEN INT | 27826S103 | 110 | 18,016 | SH | | DFND | 1 2 | 18,016 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 475 | 33,496 | SH | | DFND | 1 2 | 33,496 | 0 | 0 |
FIRST TR SR FLG RTE INCM FD | COM | 33733U108 | 348 | 28,964 | SH | | DFND | 1 2 | 28,964 | 0 | 0 |
FIRST TR SR FLOATING RATE 20 | COM SHS | 33740K101 | 560 | 63,311 | SH | | DFND | 1 2 | 63,311 | 0 | 0 |
FS KKR CAPITAL CORP | COM | 302635107 | 464 | 79,589 | SH | | DFND | 1 2 | 79,589 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 554 | 49,294 | SH | | DFND | 1 2 | 49,294 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 330 | 30,000 | SH | | DFND | 1 2 | 30,000 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 530 | 48,132 | SH | | DFND | 1 2 | 48,132 | 0 | 0 |
INVESCO EXCHNG TRADED FD TR | SR LN ETF | 46138G508 | 7,342 | 325,000 | SH | | DFND | 1 2 | 325,000 | 0 | 0 |
INVESCO PA VALUE MUN INCOME | COM | 46132K109 | 430 | 32,917 | SH | | DFND | 1 2 | 32,917 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 7 | 25,500 | SH | Put | DFND | 1 2 | 25,500 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 5 | 40,000 | SH | Put | DFND | 1 2 | 40,000 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 2 | 95,900 | SH | Put | DFND | 1 2 | 95,900 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 4 | 20,000 | SH | Put | DFND | 1 2 | 20,000 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 271 | 19,751 | SH | | DFND | 1 2 | 19,751 | 0 | 0 |
KAYNE ANDERSN MLP MIDS INVT | COM | 486606106 | 217 | 15,000 | SH | | DFND | 1 2 | 15,000 | 0 | 0 |
NUVEEN ARIZONA QLTY MUN INC | COM | 67061W104 | 232 | 17,263 | SH | | DFND | 1 2 | 17,263 | 0 | 0 |
NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | 389 | 25,712 | SH | | DFND | 1 2 | 25,712 | 0 | 0 |
NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | 432 | 28,587 | SH | | DFND | 1 2 | 28,587 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 1,646 | 220,000 | SH | | DFND | 1 2 | 220,000 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 2,986 | 399,149 | SH | | DFND | 1 2 | 399,149 | 0 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 465 | 47,845 | SH | | DFND | 1 2 | 47,845 | 0 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 632 | 65,000 | SH | | DFND | 1 2 | 65,000 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 1,340 | 140,500 | SH | | DFND | 1 2 | 140,500 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 460 | 48,173 | SH | | DFND | 1 2 | 48,173 | 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 | 600 | 41,972 | SH | | DFND | 1 2 | 41,972 | 0 | 0 |
NUVEEN SHT DUR CR OPP FD | COM | 67074X107 | 188 | 12,571 | SH | | DFND | 1 2 | 12,571 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,154 | 200,000 | SH | | DFND | 1 2 | 200,000 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 404 | 70,075 | SH | | DFND | 1 2 | 70,075 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 72 | 12,392 | SH | | DFND | 1 2 | 12,392 | 0 | 0 |
NUVEEN TEXAS QLTY MUN INCME | COM | 670983105 | 496 | 35,677 | SH | | DFND | 1 2 | 35,677 | 0 | 0 |
SHAKE SHACK INC | CL A | 819047101 | 1 | 10,000 | SH | Put | DFND | 1 2 | 10,000 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 68 | 40,000 | SH | Put | DFND | 1 2 | 40,000 | 0 | 0 |
SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 85208R101 | 1,417 | 100,000 | SH | | DFND | 1 2 | 100,000 | 0 | 0 |
TESLA INC | COM | 88160R101 | 1 | 10,000 | SH | Put | DFND | 1 2 | 10,000 | 0 | 0 |
UBS AG LONDON BRH | ETRACS MNTLY PAY | 90274D432 | 252 | 19,187 | SH | | DFND | 1 2 | 19,187 | 0 | 0 |
UBS AG LONDON BRH | ETRACS MTH 2XLV | 90270L842 | 445 | 31,496 | SH | | DFND | 1 2 | 31,496 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 705 | 149,715 | SH | | DFND | 1 2 | 149,715 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 324 | 34,096 | SH | | DFND | 1 2 | 34,096 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 423 | 44,582 | SH | | DFND | 1 2 | 44,582 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 329 | 35,792 | SH | | DFND | 1 2 | 35,792 | 0 | 0 |