Oxbow Advisors 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 Company	COM	88579Y101	3,269	15,733	SH		SOLE		0	0	15,733
AT&T Inc	COM	00206R102	2,702	86,166	SH		SOLE		0	0	86,166
Abbott Laboratories	COM	002824100	606	7,586	SH		SOLE		0	0	7,586
Abbvie Inc	COM	00287Y109	6,495	80,588	SH		SOLE		7,151	0	73,437
Aberdeen Asia Pacific Income F	COM	003009107	17,851	4,220,184	SH		SOLE		0	0	4,220,184
Aberdeen Global Income Fd	COM	003013109	268	32,921	SH		SOLE		0	0	32,921
Aberdeen Global Premier Proper	COM	00302L108	61	10,080	SH		SOLE		6,000	0	4,080
Aberdeen Total Dynamic Dividen	COM	00326L100	404	48,925	SH		SOLE		12,395	0	36,530
Adobe Systems Inc	COM	00724F101	241	903	SH		SOLE		0	0	903
Advent Claymore Conv Secs & In	COM	00764C109	2,069	140,176	SH		SOLE		0	0	140,176
Agnico Eagle Mines Limited	COM	008474108	1,312	30,150	SH		SOLE		0	0	30,150
Alamos Gold Inc New Class A	COM	011532108	362	71,340	SH		SOLE		0	0	71,340
Allianzgi Conv & Income Fund	COM	018828103	270	41,675	SH		SOLE		0	0	41,675
Alphabet Inc Non Voting Cap St	COM	02079K107	8,553	7,290	SH		SOLE		509	0	6,781
Alphabet Inc Voting Cap Stk Cl	COM	02079K305	206	175	SH		SOLE		0	0	175
Altria Group Inc	COM	02209S103	2,266	39,460	SH		SOLE		0	0	39,460
Amazon.Com Inc	COM	023135106	2,301	1,292	SH		SOLE		0	0	1,292
American Express Company	COM	025816109	299	2,740	SH		SOLE		0	0	2,740
Amgen Inc	COM	031162100	255	1,340	SH		SOLE		0	0	1,340
Analog Devices Inc	COM	032654105	2,792	26,525	SH		SOLE		1,685	0	24,840
Anglogold Ashanti Ltd (New) Sp	COM	035128206	151	11,560	SH		SOLE		0	0	11,560
Anheuser Busch Inbev SA/NV-Spo	COM	03524A108	3,368	40,110	SH		SOLE		2,100	0	38,010
Apple Inc	COM	037833100	11,606	61,100	SH		SOLE		4,115	0	56,985
Applied Materials Inc	COM	038222105	2,986	75,296	SH		SOLE		4,105	0	71,191
Atlantic Capital Bancshares In	COM	048269203	932	52,293	SH		SOLE		0	0	52,293
Automatic Data Processing Inc	COM	053015103	2,759	17,274	SH		SOLE		0	0	17,274
B2Gold Corp	COM	11777Q209	255	90,580	SH		SOLE		0	0	90,580
BP PLC Sponsored ADR (Frm BP A	COM	055622104	1,504	34,400	SH		SOLE		0	0	34,400
Baidu INC Sponsored ADR Repstg	COM	056752108	1,718	10,419	SH		SOLE		752	0	9,667
Bank of America Corp	COM	060505104	4,507	163,355	SH		SOLE		9,380	0	153,975
Barrick Gold Corp	COM	067901108	2,242	163,561	SH		SOLE		0	0	163,561
Berkshire Hathaway Inc Del Cl	COM	084670702	486	2,419	SH		SOLE		0	0	2,419
Berkshire Hathaway Inc-Del Cl	COM	084670108	301	1	SH		SOLE		0	0	1
BlackRock Build America Bond T	COM	09248X100	1,153	51,393	SH		SOLE		0	0	51,393
BlackRock Credit Alloc Income	COM	092508100	580	46,764	SH		SOLE		0	0	46,764
BlackRock Inc	COM	09247X101	2,701	6,319	SH		SOLE		400	0	5,919
BlackRock Income Trust Inc	COM	09247F100	990	166,337	SH		SOLE		0	0	166,337
BlackRock Insured Municipal In	COM	092479104	146	10,900	SH		SOLE		0	0	10,900
BlackRock Limited Duration Inc	COM	09249W101	883	60,036	SH		SOLE		0	0	60,036
BlackRock Long Term Mun Adviso	COM	09250B103	407	33,287	SH		SOLE		0	0	33,287
BlackRock Muni Holdings Fund I	COM	09253P109	149	10,100	SH		SOLE		0	0	10,100
BlackRock Muni Inter Duration	COM	09253X102	201	14,630	SH		SOLE		0	0	14,630
BlackRock Muniyield Quality Fu	COM	09254G108	606	49,250	SH		SOLE		0	0	49,250
BlackRock Resources And Commod	COM	09257A108	860	105,210	SH		SOLE		13,605	0	91,605
Blackstone Group LP Unit Repst	COM	09253U108	746	21,335	SH		SOLE		0	0	21,335
Boeing Co	COM	097023105	424	1,111	SH		SOLE		0	0	1,111
Booking Holdings Inc	COM	09857L108	3,696	2,118	SH		SOLE		156	0	1,962
Bristol-Myers Squibb Co	COM	110122108	2,715	56,916	SH		SOLE		3,390	0	53,526
Broadcom Ltd	COM	11135F101	380	1,263	SH		SOLE		0	0	1,263
CBRE Clarion Global Real Estat	COM	12504g100	138	18,540	SH		SOLE		0	0	18,540
Calamos Conv & High Income Fd	COM	12811P108	206	18,996	SH		SOLE		0	0	18,996
Calamos Global Dynamic Income	COM	12811L107	376	47,005	SH		SOLE		12,430	0	34,575
Caterpillar Inc	COM	149123101	1,330	9,817	SH		SOLE		0	0	9,817
Centamin PLC Ord Flondon Share	COM	G2055Q105	133	115,000	SH		SOLE		0	0	115,000
Center Coast MLP & Infrastruct	COM	151461100	9,658	1,159,366	SH		SOLE		0	0	1,159,366
Charles Schwab Corp	COM	808513105	3,679	86,035	SH		SOLE		7,010	0	79,025
Charter Communications Inc	COM	16119P108	2,107	6,073	SH		SOLE		474	0	5,599
Chevron Corporation	COM	166764100	2,364	19,190	SH		SOLE		0	0	19,190
Cion Investment Corp Fund	COM	12799V101	100	11,483	SH		SOLE		0	0	11,483
Cisco Systems Inc	COM	17275R102	285	5,278	SH		SOLE		0	0	5,278
Citigroup Inc New	COM	172967424	4,235	68,061	SH		SOLE		4,170	0	63,891
Clearbridge Energy MLP Fund	COM	184692101	2,162	170,804	SH		SOLE		0	0	170,804
Clearbridge Energy MLP Total R	COM	18469Q108	19,896	2,051,136	SH		SOLE		7,855	0	2,043,281
Cleveland-Cliffs Inc New	COM	185899101	1,671	167,220	SH		SOLE		0	0	167,220
Clorox Company (Del)	COM	189054109	621	3,870	SH		SOLE		0	0	3,870
Coca-Cola Company	COM	191216100	276	5,883	SH		SOLE		0	0	5,883
Cognizant Technology Solutions	COM	192446102	2,748	37,930	SH		SOLE		2,710	0	35,220
Cohen & Steers Infrastructure	COM	19248A109	1,578	64,356	SH		SOLE		0	0	64,356
Cohen & Steers REIT & Pfd	COM	19247X100	1,648	79,984	SH		SOLE		0	0	79,984
Cohen & Steers Total Return Re	COM	19247R103	553	41,889	SH		SOLE		0	0	41,889
Comcast Corp New Cl A	COM	20030N101	5,277	131,994	SH		SOLE		7,365	0	124,629
Compass Minerals Intl Inc	COM	20451N101	272	5,000	SH		SOLE		0	0	5,000
ConocoPhillips	COM	20825C104	966	14,472	SH		SOLE		0	0	14,472
Costco Wholesale Corp-New	COM	22160K105	289	1,195	SH		SOLE		0	0	1,195
Crestwood Equity Partners LP	COM	226344208	468	13,306	SH		SOLE		0	0	13,306
Discovery Communications Inc C	COM	25470F104	2,391	88,490	SH		SOLE		0	0	88,490
Dollar Tree Inc	COM	256746108	3,760	35,795	SH		SOLE		2,720	0	33,075
Doubleline Opportunistic Cr Fd	COM	258623107	5,077	251,352	SH		SOLE		0	0	251,352
Dowdupont Inc	COM	26078J100	940	17,641	SH		SOLE		0	0	17,641
Dundee Precious Metals Inc	COM	265269209	196	59,000	SH		SOLE		0	0	59,000
East West Bancorp Inc	COM	27579R104	1,871	39,006	SH		SOLE		5,630	0	33,376
Eaton Vance Municipal Bond Fd	COM	27827X101	4,007	323,175	SH		SOLE		0	0	323,175
Eaton Vance Senior Floating Ra	COM	27828Q105	216	16,580	SH		SOLE		0	0	16,580
Emerson Electric Co	COM	291011104	239	3,495	SH		SOLE		0	0	3,495
Enbridge Inc	COM	29250N105	830	22,882	SH		SOLE		0	0	22,882
Energy Transfer Equity LP	COM	29273V100	769	50,053	SH		SOLE		0	0	50,053
Enterprise Products Partners L	COM	293792107	25,424	873,693	SH		SOLE		12,920	0	860,773
Evolution Mining Ltd	COM	Q3647R147	156	60,000	SH		SOLE		0	0	60,000
Exxon Mobil Corp	COM	30231G102	12,124	150,053	SH		SOLE		0	0	150,053
Facebook Inc Class A	COM	30303M102	3,606	21,630	SH		SOLE		1,568	0	20,062
First Trust Biotech Index ETF	COM	33733E203	1,444	9,570	SH		SOLE		0	0	9,570
First Trust III ETF Preferred	COM	33739E108	2,211	116,028	SH		SOLE		2,300	0	113,728
First Trust/Aberdeen Global Op	COM	337319107	3,738	371,978	SH		SOLE		0	0	371,978
Flaherty & Crumrine / Claymore	COM	338478100	6,960	368,074	SH		SOLE		0	0	368,074
Flaherty & Crumrine Dynamic Pf	COM	33848W106	7,838	329,884	SH		SOLE		0	0	329,884
Foot Locker Inc	COM	344849104	479	7,904	SH		SOLE		0	0	7,904
Gabelli Healthcare & Wellness	COM	36246K103	816	77,660	SH		SOLE		9,570	0	68,090
Gamco Glbl Gold Natural Resour	COM	36465A109	9,131	2,103,907	SH		SOLE		0	0	2,103,907
Gamco Natural Resources Gold &	COM	36465E101	7,833	1,386,333	SH		SOLE		0	0	1,386,333
General Mills Inc	COM	370334104	440	8,510	SH		SOLE		0	0	8,510
GlaxoSmithKline PLC ADR	COM	37733W105	377	9,019	SH		SOLE		0	0	9,019
Global X Fund ETF MLP	COM	37950E473	560	63,142	SH		SOLE		0	0	63,142
Global X Super Dividend 100 ET	COM	37950E549	1,299	71,430	SH		SOLE		0	0	71,430
Gold Fields Ltd New Adr Rand	COM	38059T106	144	38,675	SH		SOLE		0	0	38,675
Goldcorp Inc	COM	380956409	1,129	98,672	SH		SOLE		0	0	98,672
Guggenheim Taxable Muni Manage	COM	401664107	224	9,900	SH		SOLE		0	0	9,900
Gulfport Energy Corp Com	COM	402635304	120	15,000	SH		SOLE		0	0	15,000
HCA Holdings Inc	COM	40412C101	1,849	14,178	SH		SOLE		0	0	14,178
Halliburton Co	COM	406216101	282	9,612	SH		SOLE		0	0	9,612
Hanesbrands Inc	COM	410345102	2,807	156,985	SH		SOLE		0	0	156,985
Harley Davidson	COM	412822108	293	8,210	SH		SOLE		0	0	8,210
Honeywell International Inc	COM	438516106	3,580	22,529	SH		SOLE		0	0	22,529
ING Groep Nv- Spons ADR	COM	456837103	1,098	90,454	SH		SOLE		8,925	0	81,529
IShares Dow Jones Select Div I	COM	464287168	5,107	52,015	SH		SOLE		0	0	52,015
Intel Corp	COM	458140100	1,795	33,426	SH		SOLE		0	0	33,426
International Business Machine	COM	459200101	381	2,703	SH		SOLE		0	0	2,703
Invesco Bulletshares 2019 Hi Y	COM	46138J403	552	23,005	SH		SOLE		0	0	23,005
Invesco Bulletshares 2021 Hi Y	COM	46138J700	213	10,135	SH		SOLE		0	0	10,135
Invesco II Income Composite CE	COM	46138E404	1,324	59,760	SH		SOLE		0	0	59,760
Invesco QQQ Tr ETF Unit Ser 1	COM	46090E103	1,444	8,040	SH		SOLE		0	0	8,040
Invesco S&P 500 Eqwt ETF	COM	46137V357	8,905	85,267	SH		SOLE		0	0	85,267
Invesco TR II ETF Pfd	COM	46138E511	738	50,919	SH		SOLE		0	0	50,919
Invesco Van Kampen Sr Income T	COM	46131H107	231	55,108	SH		SOLE		0	0	55,108
Iron Mountain Inc	COM	46284V101	2,343	66,080	SH		SOLE		0	0	66,080
JPMorgan Chase & Co	COM	46625H100	2,552	25,206	SH		SOLE		0	0	25,206
JPMorgan ETF Ultra-Short Incom	COM	46641Q837	18,515	368,085	SH		SOLE		16,550	0	351,535
John Hancock Preferred Income	COM	41013W108	235	10,370	SH		SOLE		0	0	10,370
Johnson & Johnson	COM	478160104	4,459	31,901	SH		SOLE		0	0	31,901
KKR & Co Inc	COM	48251W104	3,048	129,745	SH		SOLE		6,607	0	123,138
Kimberly Clark Corp	COM	494368103	837	6,753	SH		SOLE		0	0	6,753
Kinder Morgan Inc Del	COM	49456B101	5,655	282,607	SH		SOLE		0	0	282,607
Las Vegas Sands Corp	COM	517834107	3,956	64,897	SH		SOLE		3,630	0	61,267
Leggett & Platt Inc	COM	524660107	1,407	33,328	SH		SOLE		0	0	33,328
Liberty All Star Equity Fund	COM	530158104	400	65,495	SH		SOLE		14,945	0	50,550
Linn CO Llc Escrow Com Shs Rps	COM	535ESC107	0	12,425	SH		SOLE		0	0	12,425
Lions Gate Entertainment Corp	COM	535919401	932	59,560	SH		SOLE		0	0	59,560
Lyondellbasell Industries Af S	COM	N53745100	2,282	27,145	SH		SOLE		1,890	0	25,255
MGIC Investment Corp-Wisc	COM	552848103	594	45,000	SH		SOLE		0	0	45,000
Madison Square Garden	COM	55825T103	1,549	5,285	SH		SOLE		0	0	5,285
Magellan Midstream Partners LP	COM	559080106	817	13,470	SH		SOLE		0	0	13,470
McDonalds Corp	COM	580135101	642	3,381	SH		SOLE		0	0	3,381
Medical Properties Trust Inc	COM	58463J304	7,990	431,684	SH		SOLE		0	0	431,684
Medtronic PLC	COM	G5960L103	1,556	17,082	SH		SOLE		0	0	17,082
Merck & Co Inc New	COM	58933Y105	701	8,429	SH		SOLE		0	0	8,429
Microsoft Corp	COM	594918104	12,343	104,651	SH		SOLE		6,646	0	98,005
Molson Coors Brewing CO Cl B	COM	60871R209	1,338	22,425	SH		SOLE		0	0	22,425
Moodys Corp	COM	615369105	4,657	25,717	SH		SOLE		1,760	0	23,957
Morgan Stanley & Co	COM	617446448	2,392	56,675	SH		SOLE		4,015	0	52,660
Nestle SA Spons ADR Repstg Reg	COM	641069406	8,161	85,619	SH		SOLE		5,605	0	80,014
Neuberger Berman Re Es Com	COM	64190A103	117	23,495	SH		SOLE		0	0	23,495
New Gold Inc	COM	644535106	28	33,065	SH		SOLE		0	0	33,065
Newmont Goldcorp Corp	COM	651639106	2,144	59,926	SH		SOLE		0	0	59,926
Northern Star Resources Ltd	COM	Q6951U101	121	19,000	SH		SOLE		0	0	19,000
Nustar Energy LP	COM	67058H102	262	9,733	SH		SOLE		0	0	9,733
Nuveen Amt Free Quality Muni I	COM	670657105	20,997	1,571,596	SH		SOLE		0	0	1,571,596
Nuveen Dow 30 Dynamic Overwrit	COM	67075F105	6,406	355,900	SH		SOLE		0	0	355,900
Nuveen Enhanced AMT L&N Muni C	COM	67071L106	15,923	1,053,792	SH		SOLE		0	0	1,053,792
Nuveen Enhanced Muni Credit Op	COM	67070X101	12,758	846,565	SH		SOLE		0	0	846,565
Nuveen Multi-Strategy Income A	COM	67073D102	791	102,322	SH		SOLE		0	0	102,322
Nuveen Multi-Strategy Income A	COM	67073B106	3,155	331,111	SH		SOLE		0	0	331,111
Nuveen NC Prem Income Muni Fd	COM	67060P100	359	28,160	SH		SOLE		0	0	28,160
Nuveen Quality Advantage Muni	COM	67066V101	17,290	1,274,158	SH		SOLE		0	0	1,274,158
Nuveen Quality Pfd Income Fd 2	COM	67072C105	894	99,315	SH		SOLE		0	0	99,315
Nuveen Real Estate Income Fd	COM	67071B108	755	72,910	SH		SOLE		0	0	72,910
Nuveen Taxable Municipal Incom	COM	67074C103	726	35,388	SH		SOLE		0	0	35,388
Nuveen VA Premium Income Muni	COM	67064R102	131	10,325	SH		SOLE		0	0	10,325
Oceanagold Corp	COM	675222103	198	63,000	SH		SOLE		0	0	63,000
Oneok Inc New	COM	682680103	200	2,866	SH		SOLE		0	0	2,866
Oracle Corp	COM	68389X105	2,899	53,970	SH		SOLE		0	0	53,970
PGIM Global Short Duration Hig	COM	69346J106	328	23,520	SH		SOLE		0	0	23,520
PVH Corp	COM	693656100	1,181	9,681	SH		SOLE		1,620	0	8,061
Pan Amern Silver Corp	COM	697900108	1,025	77,385	SH		SOLE		0	0	77,385
Parker-Hannifin Corp	COM	701094104	1,018	5,934	SH		SOLE		0	0	5,934
Pembina Pipeline Corp	COM	706327103	1,441	39,210	SH		SOLE		2,355	0	36,855
Pennantpark Investment Corp	COM	708062104	193	27,900	SH		SOLE		0	0	27,900
Pepsico Incorporated	COM	713448108	1,317	10,749	SH		SOLE		0	0	10,749
Perseus Mining Ltd	COM	Q74174105	201	615,000	SH		SOLE		0	0	615,000
Peyto Exploration & Developmen	COM	717046106	56	10,712	SH		SOLE		0	0	10,712
Pfizer Incorporated	COM	717081103	5,032	118,480	SH		SOLE		7,410	0	111,070
Pinnacle Financial Partners In	COM	72346Q104	1,782	32,585	SH		SOLE		0	0	32,585
Plains All American Pipeline L	COM	726503105	6,016	245,450	SH		SOLE		0	0	245,450
Popular Inc	COM	733174700	779	14,950	SH		SOLE		1,385	0	13,565
Procter & Gamble Co	COM	742718109	1,292	12,420	SH		SOLE		0	0	12,420
Proshares Tr ETF Short S&P 500	COM	74347B425	248	8,985	SH		SOLE		0	0	8,985
Ramelius Resources Ltd	COM	Q7982E108	209	345,000	SH		SOLE		0	0	345,000
Regis Resources NL	COM	Q8059N120	85	22,500	SH		SOLE		0	0	22,500
Republic Services Inc	COM	760759100	533	6,635	SH		SOLE		0	0	6,635
Resolute Mining Ltd	COM	Q81068100	232	270,000	SH		SOLE		0	0	270,000
Roche Hldgs Ltd Spons ADR	COM	771195104	2,211	64,296	SH		SOLE		8,980	0	55,316
Royal Dutch Shell PLC Sponsore	COM	780259206	4,282	68,406	SH		SOLE		5,495	0	62,911
Royal Gold Inc	COM	780287108	967	10,640	SH		SOLE		0	0	10,640
SPDR Barclays Cap ETF High Yie	COM	78464A417	253	7,020	SH		SOLE		0	0	7,020
SPDR Bloomberg Barclays 1-3 Mn	COM	78468R663	446	4,869	SH		SOLE		0	0	4,869
SPDR Gold Tr ETF	COM	78463V107	1,226	10,051	SH		SOLE		0	0	10,051
SPDR S&P 500 ETF Tr Unit Ser I	COM	78462F103	1,091	3,863	SH		SOLE		0	0	3,863
SSR Mng Inc	COM	784730103	446	35,230	SH		SOLE		0	0	35,230
Sabine Royalty Tr Unit Benefic	COM	785688102	218	4,700	SH		SOLE		0	0	4,700
Sanofi Aventis Sponsored ADR	COM	80105N105	1,552	35,044	SH		SOLE		6,500	0	28,544
Saracen Mineral Holdings Ltd	COM	Q8309T109	144	70,000	SH		SOLE		0	0	70,000
Schlumberger Ltd	COM	806857108	6,047	138,778	SH		SOLE		7,050	0	131,728
Semafo Inc Com	COM	816922108	239	86,000	SH		SOLE		0	0	86,000
Southwest Airlines Co	COM	844741108	2,253	43,393	SH		SOLE		3,270	0	40,123
Southwestern Energy Co	COM	845467109	194	41,400	SH		SOLE		0	0	41,400
Sprott Physical Gold Trust	COM	85207H104	413	39,500	SH		SOLE		0	0	39,500
Sprott Physical Silver Trust	COM	85207K107	156	28,200	SH		SOLE		0	0	28,200
State Street Corp	COM	857477103	3,254	49,451	SH		SOLE		2,770	0	46,681
Stonecastle Financial Corp	COM	861780104	6,025	281,207	SH		SOLE		4,915	0	276,292
Sysco Corp	COM	871829107	641	9,600	SH		SOLE		0	0	9,600
TC Pipelines LP Unit Com Ltd P	COM	87233Q108	471	12,600	SH		SOLE		0	0	12,600
Tallgrass Energy LP	COM	874696107	44,965	1,788,594	SH		SOLE		5,685	0	1,782,909
Tanager Energy Inc XXX	COM	875352106	11	225,000	SH		SOLE		0	0	225,000
Te Connectivity Ltd	COM	H84989104	4,433	54,899	SH		SOLE		3,215	0	51,684
Tekla Healthcare Investors	COM	87911J103	709	34,495	SH		SOLE		6,465	0	28,030
Tencent Holdings Ltd Unsp ADR	COM	88032Q109	3,476	75,607	SH		SOLE		6,305	0	69,302
Texas Capital Bancshares	COM	88224Q107	764	14,000	SH		SOLE		0	0	14,000
The India Fund Inc	COM	454089103	269	12,570	SH		SOLE		3,545	0	9,025
Tortoise MLP Fd Inc	COM	89148B101	15,820	1,128,421	SH		SOLE		0	0	1,128,421
Transcanada Corporation	COM	89353D107	943	20,993	SH		SOLE		2,345	0	18,648
Trimtabs ETF Tr All Cap Intl F	COM	89628W401	763	30,552	SH		SOLE		0	0	30,552
Trimtabs Tr ETF All Cap US Fre	COM	89628W302	1,623	45,749	SH		SOLE		0	0	45,749
Tristate Capital Holdings Inc	COM	89678F100	402	19,688	SH		SOLE		0	0	19,688
Unilever N V New York Shs New	COM	904784709	919	15,766	SH		SOLE		0	0	15,766
Unilever PLC Sponsored ADR New	COM	904767704	683	11,835	SH		SOLE		0	0	11,835
Union Bankshares Corp	COM	90539J109	601	18,577	SH		SOLE		0	0	18,577
United Technologies Corp	COM	913017109	1,268	9,840	SH		SOLE		0	0	9,840
Valero Energy Corp New	COM	91913Y100	204	2,405	SH		SOLE		0	0	2,405
Vaneck Vectors ETF Tr Gold Min	COM	92189F106	501	22,354	SH		SOLE		0	0	22,354
Vanguard Index Fund Vanguard S	COM	922908751	833	5,450	SH		SOLE		0	0	5,450
Vanguard Index Funds Vanguard	COM	922908629	611	3,800	SH		SOLE		0	0	3,800
Vanguard Intermediate ETF Term	COM	92206C870	681	7,837	SH		SOLE		0	0	7,837
Vanguard Muni Bd Fds ETF Tax E	COM	922907746	673	12,903	SH		SOLE		0	0	12,903
Vanguard REIT ETF	COM	922908553	477	5,492	SH		SOLE		0	0	5,492
Vanguard Total Stock Fund	COM	922908769	1,137	7,860	SH		SOLE		0	0	7,860
Vanguard World Fd Mega Cap 300	COM	921910816	647	5,200	SH		SOLE		0	0	5,200
Ventas Inc	COM	92276F100	2,295	35,959	SH		SOLE		0	0	35,959
Verizon Communications	COM	92343V104	1,621	27,410	SH		SOLE		325	0	27,085
Visa Inc Cl A	COM	92826C839	2,735	17,513	SH		SOLE		0	0	17,513
Vodafone Group PLC New Sponsor	COM	92857W308	268	14,735	SH		SOLE		0	0	14,735
Voya Asia Pacific High Div Equ	COM	92912J102	100	10,700	SH		SOLE		4,000	0	6,700
Voya Emerging Markets High Div	COM	92912P108	1,342	168,818	SH		SOLE		11,355	0	157,463
W W Grainger Inc	COM	384802104	903	3,000	SH		SOLE		0	0	3,000
Wal-Mart DE Mexico Lj9 Sab DE	COM	P98180188	39	14,861	SH		SOLE		0	0	14,861
Wal-Mart Stores Inc	COM	931142103	295	3,020	SH		SOLE		0	0	3,020
Walt Disney Company	COM	254687106	2,242	20,190	SH		SOLE		1,135	0	19,055
Waste Management Inc Del	COM	94106L109	878	8,448	SH		SOLE		0	0	8,448
Weatherford International PLC	COM	G48833100	34	48,000	SH		SOLE		0	0	48,000
Wells Fargo & Co New	COM	949746101	1,669	34,545	SH		SOLE		800	0	33,745
Western Asset High Income Oppo	COM	95766K109	48	10,000	SH		SOLE		0	0	10,000
Western Union Co	COM	959802109	2,753	149,065	SH		SOLE		0	0	149,065
Westpac Banking Ltd Spons ADR	COM	961214301	840	45,387	SH		SOLE		6,215	0	39,172
Wheaton Precious Metals Corp	COM	962879102	404	16,949	SH		SOLE		0	0	16,949
Williams Companies Inc	COM	969457100	5,514	191,977	SH		SOLE		0	0	191,977
Williams Sonoma Inc	COM	969904101	2,033	36,137	SH		SOLE		0	0	36,137
Wyndham Hotels & Resorts Inc	COM	98311A105	1,443	28,875	SH		SOLE		3,370	0	25,505
Yum Brands Inc	COM	988498101	242	2,426	SH		SOLE		0	0	2,426
Zoetis Inc Cl A	COM	98978V103	331	3,290	SH		SOLE		0	0	3,290
eBay Inc	COM	278642103	3,537	95,225	SH		SOLE		6,575	0	88,650
iShares ETF Russell 1000 Growt	COM	464287614	222	1,465	SH		SOLE		0	0	1,465
iShares ETF Russell Midcap Gro	COM	464287481	269	1,980	SH		SOLE		0	0	1,980
iShares Silver Tr	COM	46428Q109	171	12,070	SH		SOLE		0	0	12,070
iShares Trust Barclays 20 Year	COM	464287432	95,448	754,886	SH		SOLE		0	0	754,886
AGNC Investment Corp Pfd 7 Fi	PFD	00123Q500	2,043	79,775	SH		SOLE		0	0	79,775
Alabama Power Co Series Q Pfd	PFD	010392462	210	8,165	SH		SOLE		0	0	8,165
Allstate 6.625 Pfd Ser E QDI	PFD	020002879	2,880	113,760	SH		SOLE		0	0	113,760
Annaly Cap Mgmt 6.95 Pfd Fix/	PFD	035710870	1,243	48,550	SH		SOLE		0	0	48,550
Aspen Ins Ltd Fxd/Fltg Perp Pf	PFD	G05384154	646	25,152	SH		SOLE		0	0	25,152
BB&T Corp Non-Cum Perp Pfd D 5	PFD	054937206	4,278	169,946	SH		SOLE		1,795	0	168,151
Banc Cal. Non-Cum Perp Pfd E 7	PFD	05990K874	2,131	82,790	SH		SOLE		0	0	82,790
Bank of America Series L Pfd 7	PFD	060505682	9,000	6,913	SH		SOLE		35	0	6,878
Cowen Inc Senior Note Pfd 7.35	PFD	223622705	665	26,175	SH		SOLE		0	0	26,175
Flaherty & Crumrine Pfd Income	PFD	33848E106	131	11,719	SH		SOLE		0	0	11,719
GMAC Capital Trust I Var Ser 2	PFD	361860208	1,403	53,885	SH		SOLE		1,665	0	52,220
Gaslog Partners Fix/Flt Pfd A	PFD	Y2687W116	1,804	72,895	SH		SOLE		0	0	72,895
Gold Sachs Flt Non-Cum Perp Pf	PFD	38143Y665	1,242	65,285	SH		SOLE		0	0	65,285
Gold Sachs Flt Non-Cum Perp Pf	PFD	38144X609	290	14,775	SH		SOLE		0	0	14,775
Gold Sachs Flt Non-Cum Perp Pf	PFD	38144G804	3,946	205,069	SH		SOLE		2,025	0	203,044
Keycorp Perp Pfd 5.65 non Cum	PFD	493267876	3,601	146,095	SH		SOLE		0	0	146,095
Merchants Bancorp Fx/Flt A Per	PFD	58844R405	2,597	100,000	SH		SOLE		0	0	100,000
Morgan Stan Fix/Flt Non-Cum Pe	PFD	61763E207	5,448	197,050	SH		SOLE		1,605	0	195,445
New York Banc Fix/Flt Perp Pfd	PFD	649445202	279	10,800	SH		SOLE		0	0	10,800
Nustar Logistics L.P. Due 2043	PFD	67059T204	2,019	80,295	SH		SOLE		0	0	80,295
Regions Fin. A Non-Cum Perp Pf	PFD	7591EP308	5,504	217,278	SH		SOLE		1,795	0	215,483
Regions Fin. B Fx/Flt Perp Pfd	PFD	7591EP506	283	10,575	SH		SOLE		0	0	10,575
Renaissancere Pfd F 5.75 QDI	PFD	75968N309	1,270	50,545	SH		SOLE		0	0	50,545
Synovus Finl Crp Fix/Flt PerpP	PFD	87161C600	1,010	38,950	SH		SOLE		0	0	38,950
TX Cap Bancshs 6.5 Non-Cum Pe	PFD	882228406	1,414	54,500	SH		SOLE		0	0	54,500
Tristate Cap. Fix/Flt Pfd A Pe	PFD	89678F209	2,336	89,850	SH		SOLE		0	0	89,850
Valley Natl Bancrp Perp Ser B,	PFD	919794305	916	36,725	SH		SOLE		0	0	36,725
Wells Fargo & CO 7.5 Perp Con	PFD	949746804	5,522	4,273	SH		SOLE		0	0	4,273
Hycroft Mng Corp Wts Exp 10/22	WT	448629113	0	10,084	SH		SOLE		0	0	10,084
Redwood Trust Inc	CONV	758075AD7	6,485	6,645,000	PRN		SOLE		0	0	6,645,000
Blackstone / Gso Senior Floati	FDSTX	09256U105	1,003	61,077	SH		SOLE		0	0	61,077
Eaton Vance Senior Floating Ra	FDSTX	27828Q105	928	71,300	SH		SOLE		0	0	71,300
Invesco Bulletshares 2019 Hi Y	FDSTX	46138J403	629	26,223	SH		SOLE		0	0	26,223
Invesco Bulletshares 2020 Hi Y	FDSTX	46138J601	643	26,699	SH		SOLE		0	0	26,699
Invesco Bulletshares 2021 Hi Y	FDSTX	46138J809	304	12,313	SH		SOLE		0	0	12,313
Invesco Bulletshares 2022 Hi Y	FDSTX	46138J874	938	38,325	SH		SOLE		0	0	38,325
Invesco S&P High Income Infras	FDSTX	46138E255	385	14,615	SH		SOLE		0	0	14,615
Nuveen Preferred Securities In	FDSTX	67072C105	2,568	285,283	SH		SOLE		0	0	285,283