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	2,292	16,788	SH		SOLE		0	0	16,788
AT&T Inc	COM	00206R102	2,525	86,636	SH		SOLE		0	0	86,636
Abbott Laboratories	COM	002824100	519	6,575	SH		SOLE		0	0	6,575
Abbvie Inc	COM	00287Y109	826	10,847	SH		SOLE		0	0	10,847
Aberdeen Asia Pacific Income F	COM	003009107	5,670	1,677,423	SH		SOLE		0	0	1,677,423
Aberdeen Total Dynamic Dividen	COM	00326L100	420	63,795	SH		SOLE		3,105	0	60,690
Accenture PLC Ireland Shs Cl A	COM	G1151C101	6,563	40,198	SH		SOLE		2,131	0	38,067
Adidas Ag Sponsored ADR	COM	00687A107	1,392	12,490	SH		SOLE		0	0	12,490
Adobe Systems Inc	COM	00724F101	4,495	14,126	SH		SOLE		393	0	13,733
Advent Claymore Convertible &	COM	00764C109	176	16,499	SH		SOLE		0	0	16,499
Agnico Eagle Mines Limited	COM	008474108	1,153	28,980	SH		SOLE		0	0	28,980
Alamos Gold Inc New Class A	COM	011532108	292	58,474	SH		SOLE		0	0	58,474
Alibaba Grp Holding ADR Ltd Sp	COM	01609W102	6,155	31,647	SH		SOLE		2,290	0	29,357
Allianzgi Conv & Income Fund	COM	018828103	88	23,583	SH		SOLE		0	0	23,583
Alphabet Inc Non Voting Cap St	COM	02079K107	9,035	7,770	SH		SOLE		469	0	7,301
Alphabet Inc Voting Cap Stk Cl	COM	02079K305	302	260	SH		SOLE		0	0	260
Altria Group Inc	COM	02209S103	2,514	65,024	SH		SOLE		0	0	65,024
Amazon.Com Inc	COM	023135106	4,820	2,472	SH		SOLE		114	0	2,358
American Express Company	COM	025816109	235	2,740	SH		SOLE		0	0	2,740
Amgen Inc	COM	031162100	272	1,340	SH		SOLE		0	0	1,340
Analog Devices Inc	COM	032654105	454	5,060	SH		SOLE		0	0	5,060
Anthem Inc	COM	036752103	786	3,463	SH		SOLE		0	0	3,463
Apple Inc	COM	037833100	13,659	53,713	SH		SOLE		2,384	0	51,329
Argonaut Gold Inc New	COM	04016A101	50	65,000	SH		SOLE		0	0	65,000
Arthur J Gallagher & Co	COM	363576109	1,342	16,470	SH		SOLE		0	0	16,470
Atlantic Capital Bancshares In	COM	048269203	621	52,293	SH		SOLE		0	0	52,293
Atlantic Union Bankshares Corp	COM	04911A107	407	18,577	SH		SOLE		0	0	18,577
Automatic Data Processing Inc	COM	053015103	3,078	22,523	SH		SOLE		0	0	22,523
B2Gold Corp	COM	11777Q209	277	90,580	SH		SOLE		0	0	90,580
BP PLC Sponsored ADR (Frm BP A	COM	055622104	829	34,000	SH		SOLE		0	0	34,000
Banco Santander Cent Hispano S	COM	05964H105	286	121,675	SH		SOLE		0	0	121,675
Bank of America Corp	COM	060505104	335	15,777	SH		SOLE		0	0	15,777
Barrick Gold Corp	COM	067901108	2,620	143,013	SH		SOLE		0	0	143,013
Becton Dickinson & Co	COM	075887109	4,878	21,231	SH		SOLE		1,146	0	20,085
Berkshire Hathaway Inc Del Cl	COM	084670702	442	2,419	SH		SOLE		0	0	2,419
Berkshire Hathaway Inc-Del Cl	COM	084670108	272	1	SH		SOLE		0	0	1
BlackRock Credit Alloc Income	COM	092508100	522	44,736	SH		SOLE		0	0	44,736
BlackRock Insured Municipal In	COM	092479104	144	10,900	SH		SOLE		0	0	10,900
BlackRock Limited Duration Inc	COM	09249W101	755	59,853	SH		SOLE		0	0	59,853
BlackRock Long Term Mun Adviso	COM	09250B103	337	30,022	SH		SOLE		0	0	30,022
BlackRock Muni Holdings Fund I	COM	09253P109	139	10,100	SH		SOLE		0	0	10,100
BlackRock Muni Inter Duration	COM	09253X102	191	14,630	SH		SOLE		0	0	14,630
BlackRock Muniyield Quality Fu	COM	09254G108	607	49,150	SH		SOLE		0	0	49,150
Blackstone Goup Inc Cl A	COM	09260D107	972	21,335	SH		SOLE		0	0	21,335
Boeing Co	COM	097023105	279	1,871	SH		SOLE		0	0	1,871
Booking Holdings Inc	COM	09857L108	3,760	2,795	SH		SOLE		235	0	2,560
Brigham Minerals Inc	COM	10918L103	13,522	1,635,037	SH		SOLE		3,915	0	1,631,122
Broadcom Ltd	COM	11135F101	349	1,473	SH		SOLE		0	0	1,473
Broadridge Financial Solutions	COM	11133T103	2,187	23,060	SH		SOLE		425	0	22,635
CBRE Clarion Global Real Estat	COM	12504g100	97	18,540	SH		SOLE		0	0	18,540
Cadence Bancorp Cl A	COM	12739A100	1,341	204,660	SH		SOLE		0	0	204,660
Calamos Conv & High Income Fd	COM	12811P108	183	20,697	SH		SOLE		0	0	20,697
Caterpillar Inc	COM	149123101	1,006	8,667	SH		SOLE		0	0	8,667
Centamin PLC Ord Flondon Share	COM	G2055Q105	173	115,000	SH		SOLE		0	0	115,000
Center Coast MLP & Infrastruct	COM	151461100	104	111,691	SH		SOLE		0	0	111,691
Charter Communications Inc	COM	16119P108	2,575	5,902	SH		SOLE		476	0	5,426
Check Point Software Technolog	COM	M22465104	215	2,135	SH		SOLE		0	0	2,135
Cheesecake Factory Inc	COM	163072101	255	14,911	SH		SOLE		0	0	14,911
Chevron Corporation	COM	166764100	927	12,789	SH		SOLE		0	0	12,789
Cisco Systems Inc	COM	17275R102	249	6,325	SH		SOLE		0	0	6,325
Clearbridge Energy MLP Fund	COM	184692101	116	63,250	SH		SOLE		0	0	63,250
Clearbridge Energy MLP Total R	COM	18469Q108	1,022	740,510	SH		SOLE		0	0	740,510
Cleveland-Cliffs Inc New	COM	185899101	1,266	320,565	SH		SOLE		0	0	320,565
Clorox Company (Del)	COM	189054109	682	3,934	SH		SOLE		0	0	3,934
Cohen & Steers Infrastructure	COM	19248A109	1,433	76,026	SH		SOLE		0	0	76,026
Cohen & Steers REIT & Pfd Inco	COM	19247X100	1,218	75,530	SH		SOLE		0	0	75,530
Comcast Corp New Cl A	COM	20030N101	3,991	116,074	SH		SOLE		6,332	0	109,742
Compass Group PLC Spons ADR	COM	20449X401	583	37,540	SH		SOLE		0	0	37,540
ConocoPhillips	COM	20825C104	363	11,777	SH		SOLE		0	0	11,777
Costco Wholesale Corp-New	COM	22160K105	478	1,675	SH		SOLE		0	0	1,675
Crestwood Equity Partners LP	COM	226344208	50	11,850	SH		SOLE		0	0	11,850
Discovery Communications Inc C	COM	25470F104	1,642	84,490	SH		SOLE		0	0	84,490
Distillate US Fundamental Stab	COM	26922A321	2,414	97,559	SH		SOLE		0	0	97,559
Dow Inc	COM	260557103	297	10,164	SH		SOLE		0	0	10,164
Dundee Precious Metals Inc	COM	265269209	189	59,000	SH		SOLE		0	0	59,000
Eaton Vance Municipal Bond Fd	COM	27827X101	3,117	249,751	SH		SOLE		0	0	249,751
Eaton Vance Senior Floating Ra	COM	27828Q105	164	16,580	SH		SOLE		0	0	16,580
Eli Lilly & Co	COM	532457108	261	1,883	SH		SOLE		0	0	1,883
Energy Transfer LP	COM	29273V100	185	40,223	SH		SOLE		0	0	40,223
Enterprise Products Partners L	COM	293792107	18,174	1,270,890	SH		SOLE		2,130	0	1,268,760
Evolution Mining Ltd	COM	Q3647R147	234	100,000	SH		SOLE		0	0	100,000
Exxon Mobil Corp	COM	30231G102	6,424	169,184	SH		SOLE		0	0	169,184
Facebook Inc Class A	COM	30303M102	5,302	31,784	SH		SOLE		2,145	0	29,639
First Trust Biotech Index ETF	COM	33733E203	1,399	10,670	SH		SOLE		0	0	10,670
First Trust III ETF Preferred	COM	33739E108	1,698	103,544	SH		SOLE		2,300	0	101,244
First Trust Low Duration Opp E	COM	33739Q200	687	13,477	SH		SOLE		7,685	0	5,792
First Trust/Aberdeen Global Op	COM	337319107	1,241	140,968	SH		SOLE		0	0	140,968
Flaherty & Crumrine / Claymore	COM	338478100	378	22,651	SH		SOLE		0	0	22,651
Flaherty & Crumrine Dynamic Pf	COM	33848W106	3,542	175,077	SH		SOLE		0	0	175,077
Gabelli Healthcare & Wellness	COM	36246K103	769	88,840	SH		SOLE		3,780	0	85,060
Gamco Glbl Gold Natural Resour	COM	36465A109	9,919	3,646,511	SH		SOLE		0	0	3,646,511
Gamco Natural Resources Gold &	COM	36465E101	3,770	971,656	SH		SOLE		0	0	971,656
General Mills Inc	COM	370334104	449	8,510	SH		SOLE		0	0	8,510
Global X Fund ETF X MLP ETF Ne	COM	37954Y343	202	64,206	SH		SOLE		0	0	64,206
Global X Super Dividend 100 ET	COM	37950E549	1,953	209,600	SH		SOLE		0	0	209,600
Gold Fields Ltd New Adr Rand	COM	38059T106	184	38,675	SH		SOLE		0	0	38,675
Hanesbrands Inc	COM	410345102	1,439	182,852	SH		SOLE		0	0	182,852
Harley Davidson	COM	412822108	471	24,860	SH		SOLE		0	0	24,860
Healthcare Tr Amer INC Class A	COM	42225P501	583	24,002	SH		SOLE		1,230	0	22,772
Heineken NV	COM	423012301	747	18,152	SH		SOLE		0	0	18,152
Home Depot Inc	COM	437076102	351	1,880	SH		SOLE		0	0	1,880
Honeywell International Inc	COM	438516106	2,496	18,654	SH		SOLE		150	0	18,504
IShares Dow Jones Select Div I	COM	464287168	4,918	66,881	SH		SOLE		0	0	66,881
Industria de Diseno SA ADR	COM	455793109	1,616	127,494	SH		SOLE		2,655	0	124,839
Intel Corp	COM	458140100	2,418	44,684	SH		SOLE		655	0	44,029
International Business Machine	COM	459200101	1,827	16,467	SH		SOLE		0	0	16,467
Invesco II Income Composite CE	COM	46138E404	1,076	61,513	SH		SOLE		0	0	61,513
Invesco QQQ Tr ETF Unit Ser 1	COM	46090E103	1,947	10,225	SH		SOLE		0	0	10,225
Invesco S&P 500 Eqwt ETF	COM	46137V357	8,623	102,635	SH		SOLE		0	0	102,635
Invesco S&P 500 Eqwt Energy ET	COM	46137V365	755	37,710	SH		SOLE		0	0	37,710
Invesco TR II ETF Pfd	COM	46138E511	613	46,595	SH		SOLE		0	0	46,595
Invesco Van Kampen Sr Income T	COM	46131H107	33	10,335	SH		SOLE		0	0	10,335
JPMorgan Chase & Co	COM	46625H100	679	7,547	SH		SOLE		0	0	7,547
JPMorgan ETF Ultra-Short Incom	COM	46641Q837	4,609	92,792	SH		SOLE		23,260	0	69,532
John Hancock Financial Opportu	COM	409735206	376	20,475	SH		SOLE		1,010	0	19,465
John Hancock Preferred Income	COM	41013W108	167	10,370	SH		SOLE		0	0	10,370
Johnson & Johnson	COM	478160104	8,238	62,822	SH		SOLE		2,370	0	60,452
Kimberly-Clark Corp	COM	494368103	857	6,703	SH		SOLE		0	0	6,703
Kinder Morgan Inc Del	COM	49456B101	8,392	602,896	SH		SOLE		0	0	602,896
Leggett & Platt Inc	COM	524660107	934	35,020	SH		SOLE		0	0	35,020
Lions Gate Entertainment Corp	COM	535919401	538	88,460	SH		SOLE		0	0	88,460
MGIC Investment Corp-Wisc	COM	552848103	286	45,000	SH		SOLE		0	0	45,000
Madison Square Garden Sports C	COM	55825T103	1,347	6,371	SH		SOLE		0	0	6,371
Magellan Midstream Partners LP	COM	559080106	4,014	110,005	SH		SOLE		0	0	110,005
Mastercard Inc	COM	57636Q104	10,081	41,731	SH		SOLE		2,620	0	39,111
McDonalds Corp	COM	580135101	559	3,381	SH		SOLE		0	0	3,381
Medical Properties Trust Inc	COM	58463J304	7,231	418,232	SH		SOLE		0	0	418,232
Medtronic PLC	COM	G5960L103	2,626	29,124	SH		SOLE		0	0	29,124
Merck & Co Inc New	COM	58933Y105	447	5,815	SH		SOLE		0	0	5,815
Microsoft Corp	COM	594918104	16,280	103,227	SH		SOLE		4,677	0	98,550
Molson Coors Brewing Co Cl B	COM	60871R209	1,250	32,032	SH		SOLE		0	0	32,032
Moodys Corp	COM	615369105	5,156	24,376	SH		SOLE		1,640	0	22,736
Morgan Stanley Emerging Mkts D	COM	617477104	88	16,822	SH		SOLE		0	0	16,822
Motorola Solutions INC Com New	COM	620076307	458	3,445	SH		SOLE		0	0	3,445
Nestle SA Spons ADR Repstg Reg	COM	641069406	7,273	70,623	SH		SOLE		5,255	0	65,368
New Gold Inc	COM	644535106	31	61,500	SH		SOLE		0	0	61,500
Newmont Goldcorp Corp	COM	651639106	2,493	55,052	SH		SOLE		0	0	55,052
Nike Inc-Cl B	COM	654106103	5,427	65,594	SH		SOLE		4,685	0	60,909
Northern Star Resources Ltd	COM	Q6951U101	123	19,000	SH		SOLE		0	0	19,000
Nuveen Amt Free Quality Muni I	COM	670657105	15,962	1,178,888	SH		SOLE		0	0	1,178,888
Nuveen Credit Strategies Incom	COM	67073D102	577	101,707	SH		SOLE		0	0	101,707
Nuveen Dow 30 Dynamic Overwrit	COM	67075F105	5,460	436,095	SH		SOLE		0	0	436,095
Nuveen Enhanced AMT L&N Muni C	COM	67071L106	9,355	637,237	SH		SOLE		0	0	637,237
Nuveen Enhanced Muni Credit Op	COM	67070X101	11,372	808,256	SH		SOLE		0	0	808,256
Nuveen Multi-Strategy Income A	COM	67073B106	214	29,125	SH		SOLE		0	0	29,125
Nuveen Quality Advantage Muni	COM	67066V101	16,640	1,211,090	SH		SOLE		0	0	1,211,090
Nuveen VA Premium Income Muni	COM	67064R102	133	10,325	SH		SOLE		0	0	10,325
O'Reilly Automotive Inc	COM	67103H107	4,859	16,141	SH		SOLE		1,101	0	15,040
Oceanagold Corp	COM	675222103	60	63,000	SH		SOLE		0	0	63,000
Oracle Corp	COM	68389X105	1,038	21,478	SH		SOLE		0	0	21,478
PGIM Global Short Duration Hig	COM	69346J106	126	11,425	SH		SOLE		0	0	11,425
Paleo Resources Inc	COM	696275106	2	272,000	SH		SOLE		0	0	272,000
Pan Amern Silver Corp	COM	697900108	943	65,815	SH		SOLE		0	0	65,815
Paypal Holdings Inc	COM	70450Y103	1,851	19,337	SH		SOLE		1,315	0	18,022
Pembina Pipeline Corp	COM	706327103	675	35,910	SH		SOLE		1,055	0	34,855
Pennantpark Investment Corp	COM	708062104	72	27,900	SH		SOLE		0	0	27,900
Pepsico Incorporated	COM	713448108	1,291	10,749	SH		SOLE		0	0	10,749
Perseus Mining Ltd	COM	Q74174105	348	615,000	SH		SOLE		0	0	615,000
Peyto Exploration & Developmen	COM	717046106	11	10,712	SH		SOLE		0	0	10,712
Pfizer Incorporated	COM	717081103	3,994	122,380	SH		SOLE		8,500	0	113,880
Physicians Realty Trust REIT	COM	71943U104	5,544	397,693	SH		SOLE		1,340	0	396,353
Pinnacle Financial Partners In	COM	72346Q104	904	24,094	SH		SOLE		0	0	24,094
Plains All American Pipeline L	COM	726503105	1,205	228,140	SH		SOLE		0	0	228,140
Plains GP Holdings LP	COM	72651A207	5,162	920,072	SH		SOLE		0	0	920,072
Procter & Gamble Co	COM	742718109	1,366	12,420	SH		SOLE		0	0	12,420
Proshares Tr ETF Short S&P 500	COM	74347B425	1,771	64,030	SH		SOLE		0	0	64,030
Proshares Tr Short ETF QQQ New	COM	74347B714	267	10,500	SH		SOLE		0	0	10,500
Ramelius Resources Ltd	COM	Q7982E108	307	495,000	SH		SOLE		0	0	495,000
Realty Income Corp REIT	COM	756109104	429	8,610	SH		SOLE		415	0	8,195
Regis Resources NL	COM	Q8059N120	50	22,500	SH		SOLE		0	0	22,500
Republic Services Inc	COM	760759100	394	5,250	SH		SOLE		0	0	5,250
Resolute Mining Ltd	COM	Q81068100	179	360,000	SH		SOLE		0	0	360,000
Roche Hldgs Ltd Spons ADR	COM	771195104	1,450	35,750	SH		SOLE		1,840	0	33,910
Royal Dutch Shell PLC Sponsore	COM	780259206	450	12,886	SH		SOLE		0	0	12,886
Royal Gold Inc	COM	780287108	10,428	118,895	SH		SOLE		0	0	118,895
SPDR Bloomberg Barclays 1-3 Mn	COM	78468R663	508	5,541	SH		SOLE		0	0	5,541
SPDR Dow Jones Indl ETF Averag	COM	78467X109	575	2,625	SH		SOLE		0	0	2,625
SPDR Gold Tr ETF	COM	78463V107	1,488	10,053	SH		SOLE		0	0	10,053
SPDR S&P 500 ETF Tr Unit Ser I	COM	78462F103	1,199	4,651	SH		SOLE		0	0	4,651
SSR Mng Inc	COM	784730103	401	35,230	SH		SOLE		0	0	35,230
Sabine Royalty Tr Unit Benefic	COM	785688102	292	10,450	SH		SOLE		0	0	10,450
Safran SA-Unsponsored ADR	COM	786584102	614	28,163	SH		SOLE		0	0	28,163
Sandstorm Gold Ltd Com New	COM	80013R206	81	16,260	SH		SOLE		0	0	16,260
Saracen Mineral Holdings Ltd	COM	Q8309T109	417	185,000	SH		SOLE		0	0	185,000
Semafo Inc Com	COM	816922108	167	86,000	SH		SOLE		0	0	86,000
Simon Property Group Inc	COM	828806109	1,073	19,567	SH		SOLE		0	0	19,567
Southwestern Energy Co	COM	845467109	92	54,500	SH		SOLE		0	0	54,500
Sprott Physical Gold Trust	COM	85207H104	392	29,900	SH		SOLE		0	0	29,900
Sprott Physical Silver Trust	COM	85207K107	140	26,725	SH		SOLE		0	0	26,725
Starbucks Corp	COM	855244109	4,844	73,682	SH		SOLE		3,945	0	69,737
Stonecastle Financial Corp	COM	861780104	688	42,400	SH		SOLE		0	0	42,400
Sysco Corp	COM	871829107	438	9,600	SH		SOLE		0	0	9,600
TC Pipelines LP Unit Com Ltd P	COM	87233Q108	346	12,600	SH		SOLE		0	0	12,600
TJX Companies Inc New	COM	872540109	765	16,010	SH		SOLE		0	0	16,010
Tallgrass Energy LP	COM	874696107	12,652	768,671	SH		SOLE		0	0	768,671
Tapestry Inc	COM	876030107	2,007	155,017	SH		SOLE		0	0	155,017
Te Connectivity Ltd	COM	H84989104	1,362	21,629	SH		SOLE		515	0	21,114
Tekla Healthcare Investors	COM	87911J103	742	41,650	SH		SOLE		1,785	0	39,865
Templeton Global Income Fund	COM	880198106	164	30,581	SH		SOLE		0	0	30,581
Tencent Holdings Ltd Unsp ADR	COM	88032Q109	2,944	59,971	SH		SOLE		3,860	0	56,111
Texas Capital Bancshares	COM	88224Q107	310	14,000	SH		SOLE		0	0	14,000
Texas Instruments	COM	882508104	683	6,834	SH		SOLE		120	0	6,714
Tortoise Midstream Energy MLP	COM	89148B200	273	319,351	SH		SOLE		0	0	319,351
Trimtabs ETF Tr All Cap Intl F	COM	89628W401	350	16,707	SH		SOLE		0	0	16,707
Trimtabs Tr ETF All Cap US Fre	COM	89628W302	228	7,455	SH		SOLE		0	0	7,455
Tristate Capital Holdings Inc	COM	89678F100	190	19,688	SH		SOLE		0	0	19,688
Unilever N V New York Shs New	COM	904784709	8,361	171,377	SH		SOLE		9,185	0	162,192
Unilever PLC Sponsored ADR New	COM	904767704	598	11,835	SH		SOLE		0	0	11,835
United Technologies CXXX	COM	913017109	655	6,940	SH		SOLE		0	0	6,940
Unitedhealth Group Inc	COM	91324P102	7,044	28,248	SH		SOLE		1,479	0	26,769
Vaneck Vectors ETF Tr Gold Min	COM	92189F106	341	14,795	SH		SOLE		0	0	14,795
Vaneck Vectors Tr ETF Jr Gold	COM	92189F791	563	20,050	SH		SOLE		0	0	20,050
Vanguard Index Fds ETF S&P 500	COM	922908363	979	4,134	SH		SOLE		390	0	3,744
Vanguard Index Fund Vanguard S	COM	922908751	630	5,457	SH		SOLE		0	0	5,457
Vanguard Index Funds Vanguard	COM	922908629	500	3,800	SH		SOLE		0	0	3,800
Vanguard Intermediate ETF Term	COM	92206C870	730	8,378	SH		SOLE		0	0	8,378
Vanguard Muni Bd Fds ETF Tax E	COM	922907746	634	11,984	SH		SOLE		0	0	11,984
Vanguard REIT ETF	COM	922908553	399	5,715	SH		SOLE		0	0	5,715
Vanguard Total Stock Fund	COM	922908769	1,013	7,860	SH		SOLE		0	0	7,860
Vanguard World Fd Mega Cap 300	COM	921910816	661	5,200	SH		SOLE		0	0	5,200
Ventas Inc	COM	92276F100	4,976	185,667	SH		SOLE		0	0	185,667
Verizon Communications	COM	92343V104	1,412	26,285	SH		SOLE		0	0	26,285
Visa Inc Cl A	COM	92826C839	8,134	50,483	SH		SOLE		2,975	0	47,508
Voya Emerging Markets High Div	COM	92912P108	237	40,643	SH		SOLE		0	0	40,643
W W Grainger Inc	COM	384802104	745	3,000	SH		SOLE		0	0	3,000
Wal-Mart DE Mexico Lj9 Sab DE	COM	P98180188	23	10,333	SH		SOLE		0	0	10,333
Wal-Mart Stores Inc	COM	931142103	354	3,119	SH		SOLE		0	0	3,119
Walt Disney Company	COM	254687106	1,820	18,844	SH		SOLE		340	0	18,504
Waste Management Inc Del	COM	94106L109	782	8,448	SH		SOLE		0	0	8,448
Wells Fargo & Co New	COM	949746101	428	14,926	SH		SOLE		0	0	14,926
Western Asset High Income Oppo	COM	95766K109	42	10,000	SH		SOLE		0	0	10,000
Western Union Co	COM	959802109	2,725	150,322	SH		SOLE		0	0	150,322
Wheaton Precious Metals Corp	COM	962879102	418	15,173	SH		SOLE		0	0	15,173
Williams Companies Inc	COM	969457100	2,215	156,570	SH		SOLE		0	0	156,570
Williams Sonoma Inc	COM	969904101	1,890	44,453	SH		SOLE		0	0	44,453
Zoetis Inc Cl A	COM	98978V103	483	4,105	SH		SOLE		0	0	4,105
iShares Comex Gold Tr	COM	464285105	10,175	675,180	SH		SOLE		0	0	675,180
iShares Silver Tr	COM	46428Q109	158	12,070	SH		SOLE		0	0	12,070
AGNC Investment Corp Pfd 7 Fi	PFD	00123Q500	1,303	67,000	SH		SOLE		0	0	67,000
Annaly Cap Mgmt 6.95 Pfd Fix/	PFD	035710870	763	42,980	SH		SOLE		0	0	42,980
Aspen Ins Ltd Fxd/Fltg Perp Pf	PFD	G05384154	842	39,232	SH		SOLE		0	0	39,232
Bank of America Series L Pfd 7	PFD	060505682	9,730	7,686	SH		SOLE		35	0	7,651
Cowen Inc Senior Note Pfd 7.35	PFD	223622705	568	30,125	SH		SOLE		0	0	30,125
Crestwood Eqty Partners Perp P	PFD	226344307	509	133,885	SH		SOLE		0	0	133,885
Flaherty & Crumrine Pfd Income	PFD	33848E106	112	11,355	SH		SOLE		0	0	11,355
GMAC Capital Trust I Var Ser 2	PFD	361860208	872	42,530	SH		SOLE		1,665	0	40,865
Gabelli Dv Inc Tr Prp Ser H Pf	PFD	36242H880	299	11,950	SH		SOLE		0	0	11,950
Gabelli Equity Trust Ser K Pfd	PFD	362397846	1,440	60,000	SH		SOLE		0	0	60,000
Gaslog Partners Fix/Flt Pfd A	PFD	Y2687W116	911	85,495	SH		SOLE		0	0	85,495
Gold Sachs Flt Non-Cum Perp Pf	PFD	38143Y665	1,122	59,261	SH		SOLE		0	0	59,261
Gold Sachs Flt Non-Cum Perp Pf	PFD	38144X609	402	20,400	SH		SOLE		0	0	20,400
Gold Sachs Flt Non-Cum Perp Pf	PFD	38144G804	9,334	486,659	SH		SOLE		2,025	0	484,634
Keycorp Perp Pfd 5.65 NonCum 1	PFD	493267876	4,065	167,635	SH		SOLE		0	0	167,635
Merchants Bancorp Fx/Flt A Per	PFD	58844R405	2,003	91,065	SH		SOLE		0	0	91,065
Morgan Stan Fix/Flt Non-Cum Pe	PFD	61763E207	6,018	234,619	SH		SOLE		1,605	0	233,014
Morgan Stanley Pfd Ser A Perp/	PFD	61747S504	2,663	139,052	SH		SOLE		0	0	139,052
New York Banc Fix/Flt Perp Pfd	PFD	649445202	568	25,943	SH		SOLE		0	0	25,943
Nustar Logistics L.P. Due 2043	PFD	67059T204	1,099	83,005	SH		SOLE		0	0	83,005
Regions Fin. A Non-Cum Perp Pf	PFD	7591EP308	4,638	193,568	SH		SOLE		1,795	0	191,773
Regions Fin. B Fx/Flt Perp Pfd	PFD	7591EP506	297	12,375	SH		SOLE		0	0	12,375
Renaissancere Pfd F 5.75 QDI	PFD	75968N309	1,471	59,400	SH		SOLE		0	0	59,400
Synovus Finl Crp Fix/Flt PerpP	PFD	87161C600	891	40,857	SH		SOLE		0	0	40,857
TX Cap Bancshs 6.5 Non-Cum Pe	PFD	882228406	1,167	55,200	SH		SOLE		0	0	55,200
TX Cap Bancshs 6.5 Pfd Note D	PFD	882228307	690	32,554	SH		SOLE		0	0	32,554
Tristate Cap. Fix/Flt Pfd A Pe	PFD	89678F209	2,237	89,500	SH		SOLE		0	0	89,500
Truist Finl Corp 5.2 Pfd Dep	PFD	89832Q844	206	8,758	SH		SOLE		0	0	8,758
Valley Natl Bancrp Prp Sr B Pf	PFD	919794305	577	26,775	SH		SOLE		0	0	26,775
Wells Fargo & CO 7.5 Prp Cnv	PFD	949746804	7,068	5,548	SH		SOLE		0	0	5,548
Broadcom Inc 8 Pfd Ser A Mand	CONVPFD	11135F200	12,616	13,502	SH		SOLE		0	0	13,502
Hycroft Mng Corp Wts Exp 10/22	WT	448629113	1	10,084	SH		SOLE		0	0	10,084
Redwood Trust Inc	CONV	758075AD7	3,935	7,134,000	PRN		SOLE		0	0	7,134,000
Blackstone / Gso Senior Floati	FDSTX	09256U105	739	62,956	SH		SOLE		0	0	62,956
Cohen & Steers REIT & Pfd Inco	FDSTX	19247X100	226	14,050	SH		SOLE		0	0	14,050
Eaton Vance Senior Floating Ra	FDSTX	27828Q105	704	71,305	SH		SOLE		0	0	71,305
First Trust/Aberdeen Global Op	FDSTX	337319107	183	20,800	SH		SOLE		0	0	20,800
Invesco Bulletshares 2020 Hi Y	FDSTX	46138J601	596	25,899	SH		SOLE		0	0	25,899
Invesco Bulletshares 2021 Hi Y	FDSTX	46138J809	264	11,913	SH		SOLE		0	0	11,913
Invesco Bulletshares 2022 Hi Y	FDSTX	46138J874	858	39,625	SH		SOLE		0	0	39,625
Nuveen Credit Strategies Incom	FDSTX	67073D102	2,623	462,590	SH		SOLE		0	0	462,590