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	418	3,228	SH		SOLE		0	0	3,228
ADT Inc	COM	00090Q103	2,352	382,498	SH		SOLE		0	0	382,498
Abbott Laboratories	COM	002824100	883	8,124	SH		SOLE		0	0	8,124
Abbvie Inc	COM	00287Y109	981	6,402	SH		SOLE		0	0	6,402
Aberdeen Asia Pacific Income F	COM	003009107	620	212,204	SH		SOLE		0	0	212,204
Aberdeen Total Dynamic Dividen	COM	00326L100	165	20,390	SH		SOLE		1,235	0	19,155
Accenture PLC Ireland Shs Cl A	COM	G1151C101	6,691	24,099	SH		SOLE		1,220	0	22,879
Adobe Systems Inc	COM	00724F101	7,424	20,280	SH		SOLE		1,098	0	19,182
Advanced Micro Devices Inc	COM	007903107	653	8,542	SH		SOLE		0	0	8,542
Advent Claymore Convertible &	COM	00764C109	221	18,363	SH		SOLE		0	0	18,363
Aehr Test Systems	COM	00760J108	105	14,000	SH		SOLE		0	0	14,000
Agnico Eagle Mines Limited	COM	008474108	6,071	132,672	SH		SOLE		0	0	132,672
Alamos Gold Inc New Class A	COM	011532108	410	58,474	SH		SOLE		0	0	58,474
Alphabet Inc Non Voting Cap St	COM	02079K107	19,488	8,909	SH		SOLE		455	0	8,454
Alphabet Inc Voting Cap Stk Cl	COM	02079K305	1,473	676	SH		SOLE		0	0	676
Altria Group Inc	COM	02209S103	2,972	71,141	SH		SOLE		0	0	71,141
Amazon.Com Inc	COM	023135106	11,410	107,428	SH		SOLE		5,500	0	101,928
American Express Company	COM	025816109	233	1,678	SH		SOLE		0	0	1,678
American Tower Corp REIT	COM	03027X100	8,498	33,248	SH		SOLE		2,046	0	31,202
Amgen Inc	COM	031162100	816	3,354	SH		SOLE		0	0	3,354
Anglogold Ashanti Ltd (New) Sp	COM	035128206	187	12,625	SH		SOLE		0	0	12,625
Apple Inc	COM	037833100	27,441	200,712	SH		SOLE		8,441	0	192,271
Atlantic Union Bankshares Corp	COM	04911A107	630	18,577	SH		SOLE		0	0	18,577
Atlas Corp	COM	Y0436Q109	107	10,000	SH		SOLE		0	0	10,000
Automatic Data Processing Inc	COM	053015103	1,247	5,935	SH		SOLE		0	0	5,935
Bank of America Corp	COM	060505104	644	20,692	SH		SOLE		0	0	20,692
Barrick Gold Corp	COM	067901108	775	43,824	SH		SOLE		0	0	43,824
Becton Dickinson & Co	COM	075887109	428	1,738	SH		SOLE		0	0	1,738
Berkshire Hathaway Inc Series	COM	084670702	382	1,398	SH		SOLE		0	0	1,398
Berkshire Hathaway Inc-Del Cl	COM	084670108	409	1	SH		SOLE		0	0	1
Big Lots Inc	COM	089302103	1,994	95,107	SH		SOLE		0	0	95,107
BlackRock Credit Alloc Income	COM	092508100	232	21,304	SH		SOLE		0	0	21,304
BlackRock Limited Duration Inc	COM	09249W101	312	24,625	SH		SOLE		0	0	24,625
Blackstone Goup Inc Cl A	COM	09260D107	2,275	24,935	SH		SOLE		0	0	24,935
Brigham Minerals Inc	COM	10918L103	7,179	291,460	SH		SOLE		985	0	290,475
British Amern Tob PLC Spon ADR	COM	110448107	1,819	42,390	SH		SOLE		0	0	42,390
Broadcom Ltd	COM	11135F101	1,091	2,245	SH		SOLE		0	0	2,245
Broadridge Financial Solutions	COM	11133T103	1,424	9,987	SH		SOLE		105	0	9,882
Calamos Conv & High Income Fd	COM	12811P108	203	18,160	SH		SOLE		0	0	18,160
Caterpillar Inc	COM	149123101	1,572	8,792	SH		SOLE		0	0	8,792
Charter Communications Inc	COM	16119P108	229	488	SH		SOLE		0	0	488
Chevron Corporation	COM	166764100	8,775	60,609	SH		SOLE		0	0	60,609
Cisco Systems Inc	COM	17275R102	247	5,793	SH		SOLE		0	0	5,793
Clearbridge MLP & Midsteam TR	COM	18469Q207	941	36,735	SH		SOLE		0	0	36,735
Clearbridge MLP & Midstream Fu	COM	184692200	245	8,530	SH		SOLE		0	0	8,530
Cleveland-Cliffs Inc New	COM	185899101	340	22,150	SH		SOLE		0	0	22,150
Clorox Company (Del)	COM	189054109	529	3,754	SH		SOLE		0	0	3,754
Coca-Cola Company	COM	191216100	228	3,627	SH		SOLE		0	0	3,627
Comcast Corp New Cl A	COM	20030N101	561	14,291	SH		SOLE		125	0	14,166
ConocoPhillips	COM	20825C104	764	8,504	SH		SOLE		0	0	8,504
Corning Inc	COM	219350105	661	20,988	SH		SOLE		0	0	20,988
Costco Wholesale Corp-New	COM	22160K105	776	1,620	SH		SOLE		0	0	1,620
Crestwood Equity Partners LP	COM	226344208	285	11,850	SH		SOLE		0	0	11,850
Danaher Corp	COM	235851102	248	979	SH		SOLE		0	0	979
Datadog Inc Cl A	COM	23804L103	514	5,400	SH		SOLE		0	0	5,400
Deere & Co	COM	244199105	649	2,168	SH		SOLE		0	0	2,168
Distillate US Fundamental Stab	COM	26922A321	7,204	186,055	SH		SOLE		0	0	186,055
Dow Inc	COM	260557103	509	9,869	SH		SOLE		0	0	9,869
Dundee Precious Metals Inc	COM	265269209	294	59,000	SH		SOLE		0	0	59,000
Dupont De Nemours Inc	COM	26614N102	293	5,269	SH		SOLE		0	0	5,269
EF Energyfunders Ventures Inc	COM	26843R106	4	407,428	SH		SOLE		0	0	407,428
EQT Corp	COM	26884L109	211	6,122	SH		SOLE		0	0	6,122
Eastgroup Properties Inc	COM	277276101	208	1,350	SH		SOLE		0	0	1,350
Eaton Vance Senior Floating Ra	COM	27828Q105	203	16,580	SH		SOLE		0	0	16,580
Elevance Health Inc	COM	036752103	717	1,486	SH		SOLE		0	0	1,486
Empire State Realty Trust Inc	COM	292104106	451	64,195	SH		SOLE		0	0	64,195
Energy Transfer LP	COM	29273V100	632	63,357	SH		SOLE		0	0	63,357
Enterprise Products Partners L	COM	293792107	31,975	1,312,078	SH		SOLE		540	0	1,311,538
Evolution Mining Ltd	COM	Q3647R147	164	100,000	SH		SOLE		0	0	100,000
Exxon Mobil Corp	COM	30231G102	5,172	60,397	SH		SOLE		0	0	60,397
First Trust Biotech Index ETF	COM	33733E203	1,560	11,510	SH		SOLE		0	0	11,510
First Trust III ETF Preferred	COM	33739E108	804	46,639	SH		SOLE		0	0	46,639
First Trust Low Duration Opp E	COM	33739Q200	436	9,017	SH		SOLE		5,765	0	3,252
First Trust Nasdaq 100 ETF Eq	COM	337344105	303	3,475	SH		SOLE		0	0	3,475
First Trust/Aberdeen Global Op	COM	337319107	165	27,200	SH		SOLE		0	0	27,200
Flaherty & Crumrine / Claymore	COM	338478100	235	14,001	SH		SOLE		0	0	14,001
Franco-Nevada Corp	COM	351858105	10,998	83,582	SH		SOLE		0	0	83,582
Freeport Mcmoran Copper & Gold	COM	35671D857	212	7,242	SH		SOLE		0	0	7,242
Gamco Glbl Gold Natural Resour	COM	36465A109	330	91,776	SH		SOLE		0	0	91,776
Gamco Natural Resources Gold &	COM	36465E101	180	38,450	SH		SOLE		0	0	38,450
General Mills Inc	COM	370334104	623	8,260	SH		SOLE		0	0	8,260
Getty Realty Corp New	COM	374297109	8,224	310,324	SH		SOLE		0	0	310,324
Glencore PLC Unsponsored ADR	COM	37827X100	249	23,000	SH		SOLE		0	0	23,000
Global X Super Dividend 100 ET	COM	37950E549	144	15,493	SH		SOLE		0	0	15,493
Gold Fields Ltd New ADR Rand	COM	38059T106	353	38,675	SH		SOLE		0	0	38,675
Hanesbrands Inc	COM	410345102	1,974	191,873	SH		SOLE		0	0	191,873
Harley Davidson	COM	412822108	803	25,360	SH		SOLE		0	0	25,360
Home Depot Inc	COM	437076102	640	2,332	SH		SOLE		0	0	2,332
Honeywell International Inc	COM	438516106	293	1,685	SH		SOLE		20	0	1,665
IShares Barclays 1-3 Yr Treasu	COM	464287457	781	9,435	SH		SOLE		0	0	9,435
IShares Dow Jones Select Div I	COM	464287168	8,742	74,290	SH		SOLE		0	0	74,290
IShares ETF Russell 3000	COM	464287689	444	2,042	SH		SOLE		0	0	2,042
Intel Corp	COM	458140100	425	11,348	SH		SOLE		0	0	11,348
International Business Machine	COM	459200101	2,370	16,788	SH		SOLE		0	0	16,788
Intuit Inc	COM	461202103	269	697	SH		SOLE		0	0	697
Invesco Actively Managed ETF T	COM	46090A887	2,579	52,040	SH		SOLE		0	0	52,040
Invesco ETF Dynamic Leisure &	COM	46137V720	272	7,500	SH		SOLE		0	0	7,500
Invesco II Income Composite CE	COM	46138E404	1,054	55,683	SH		SOLE		0	0	55,683
Invesco QQQ Tr ETF Unit Ser 1	COM	46090E103	1,628	5,810	SH		SOLE		0	0	5,810
Invesco TR II ETF Pfd	COM	46138E511	484	39,182	SH		SOLE		0	0	39,182
Invesco Tr ETF S&P 500 Equal W	COM	46137V357	13,999	104,288	SH		SOLE		0	0	104,288
Invesco Van Kampen Sr Income T	COM	46131H107	51	13,000	SH		SOLE		0	0	13,000
JPMorgan ETF Ultra-Short Incom	COM	46641Q837	7,989	159,492	SH		SOLE		14,780	0	144,712
Jackson Finl Inc Cl A	COM	46817M107	3,479	130,047	SH		SOLE		0	0	130,047
Johnson & Johnson	COM	478160104	2,985	16,816	SH		SOLE		0	0	16,816
Kimberly-Clark Corp	COM	494368103	720	5,325	SH		SOLE		0	0	5,325
Kinder Morgan Inc Del	COM	49456B101	5,491	327,630	SH		SOLE		0	0	327,630
Kroger Co	COM	501044101	933	19,703	SH		SOLE		0	0	19,703
Lowes Companies Inc	COM	548661107	203	1,160	SH		SOLE		0	0	1,160
MGIC Investment Corp-Wisc	COM	552848103	315	25,000	SH		SOLE		0	0	25,000
Madison Square Garden Entmt Co	COM	55826T102	820	15,576	SH		SOLE		0	0	15,576
Madison Square Garden Sports C	COM	55825T103	2,147	14,216	SH		SOLE		0	0	14,216
Magellan Midstream Partners LP	COM	559080106	9,364	196,056	SH		SOLE		0	0	196,056
Marathon Petroleum Corp	COM	56585A102	723	8,797	SH		SOLE		0	0	8,797
Marvell Technology Inc	COM	573874104	425	9,759	SH		SOLE		0	0	9,759
Mastercard Inc	COM	57636Q104	9,188	29,123	SH		SOLE		1,556	0	27,567
McDonalds Corp	COM	580135101	978	3,962	SH		SOLE		0	0	3,962
Medtronic PLC	COM	G5960L103	567	6,323	SH		SOLE		0	0	6,323
Merck & Co Inc New	COM	58933Y105	912	10,002	SH		SOLE		0	0	10,002
Micron Technology Inc	COM	595112103	423	7,650	SH		SOLE		0	0	7,650
Microsoft Corp	COM	594918104	29,576	115,157	SH		SOLE		4,432	0	110,725
Moodys Corp	COM	615369105	6,237	22,933	SH		SOLE		1,539	0	21,394
Motorola Solutions INC Com New	COM	620076307	1,014	4,839	SH		SOLE		0	0	4,839
Mplx LP Com Unit Rpstg Limited	COM	55336V100	599	20,536	SH		SOLE		0	0	20,536
New Gold Inc	COM	644535106	131	122,376	SH		SOLE		0	0	122,376
Newmont Corp	COM	651639106	11,575	193,987	SH		SOLE		0	0	193,987
Nike Inc Cl B	COM	654106103	3,954	38,693	SH		SOLE		2,735	0	35,958
Northern Star Resources Ltd	COM	Q6951U101	419	88,615	SH		SOLE		0	0	88,615
Norwegian Cruise Line Holdings	COM	G66721104	386	34,750	SH		SOLE		0	0	34,750
Nustar Energy LP	COM	67058H102	436	31,163	SH		SOLE		0	0	31,163
Nutrien Ltd	COM	67077M108	7,861	98,639	SH		SOLE		0	0	98,639
Nuveen Amt Free Quality Muni I	COM	670657105	4,903	417,267	SH		SOLE		0	0	417,267
Nuveen Enhanced AMT L&N Muni C	COM	67071L106	280	21,382	SH		SOLE		0	0	21,382
Nuveen Enhanced Muni Credit Op	COM	67070X101	157	12,517	SH		SOLE		0	0	12,517
Nuveen Multi-Strategy Income A	COM	67073B106	127	16,650	SH		SOLE		0	0	16,650
Nuveen Quality Advantage Muni	COM	67066V101	4,756	381,381	SH		SOLE		0	0	381,381
Nvidia Corp	COM	67066G104	920	6,068	SH		SOLE		0	0	6,068
O'Reilly Automotive Inc	COM	67103H107	12,226	19,353	SH		SOLE		932	0	18,421
Oil Svc Holders Tr Holdr	COM	678002106	226	970	SH		SOLE		0	0	970
Omega Healthcare REIT Investor	COM	681936100	9,438	334,783	SH		SOLE		0	0	334,783
Oneok Inc New	COM	682680103	1,378	24,838	SH		SOLE		0	0	24,838
PDC Energy INC	COM	69327R101	616	10,000	SH		SOLE		0	0	10,000
Pepsico Incorporated	COM	713448108	1,473	8,840	SH		SOLE		0	0	8,840
Perseus Mining Ltd	COM	Q74174105	670	615,000	SH		SOLE		0	0	615,000
Pfizer Incorporated	COM	717081103	1,244	23,723	SH		SOLE		0	0	23,723
Physicians Realty Trust REIT	COM	71943U104	9,807	562,026	SH		SOLE		340	0	561,686
Pinnacle Financial Partners In	COM	72346Q104	824	11,400	SH		SOLE		0	0	11,400
Plains All American Pipeline L	COM	726503105	1,228	125,018	SH		SOLE		0	0	125,018
Plains GP Holdings LP	COM	72651A207	1,595	154,570	SH		SOLE		0	0	154,570
Procter & Gamble Co	COM	742718109	1,417	9,853	SH		SOLE		0	0	9,853
Proshares Tr ETF Short S&P 500	COM	74347B425	29,159	1,767,190	SH		SOLE		95,980	0	1,671,210
Proshares Tr Short ETF QQQ New	COM	74347B714	537	37,290	SH		SOLE		0	0	37,290
ROKU Inc	COM	77543R102	404	4,920	SH		SOLE		0	0	4,920
Ramelius Resources Ltd	COM	Q7982E108	297	495,000	SH		SOLE		0	0	495,000
Range Resources Corp	COM	75281A109	245	9,880	SH		SOLE		0	0	9,880
Raytheon Technologies Corp	COM	75513E101	416	4,327	SH		SOLE		65	0	4,262
Realty Income Corp REIT	COM	756109104	319	4,670	SH		SOLE		105	0	4,565
Republic Services Inc	COM	760759100	486	3,715	SH		SOLE		0	0	3,715
SPDR Gold Tr ETF	COM	78463V107	3,140	18,642	SH		SOLE		0	0	18,642
SPDR S&P 500 ETF Tr Unit Ser I	COM	78462F103	1,527	4,048	SH		SOLE		0	0	4,048
SPDR S&P Biotech ETF	COM	78464A870	434	5,850	SH		SOLE		0	0	5,850
SSR Mng Inc	COM	784730103	588	35,230	SH		SOLE		0	0	35,230
Sabine Royalty Tr Unit Benefic	COM	785688102	1,528	25,102	SH		SOLE		0	0	25,102
Select Sector SPDR Trust Shs B	COM	81369Y506	1,507	21,074	SH		SOLE		0	0	21,074
Sema4 Hldgs Corp Cl A	COM	81663L101	38	30,500	SH		SOLE		0	0	30,500
Servicenow Inc	COM	81762P102	5,891	12,389	SH		SOLE		721	0	11,668
Shel PLC ADR W/I Sponsore Reps	COM	780259305	657	12,570	SH		SOLE		0	0	12,570
Six Flags Entertainment Corp N	COM	83001A102	404	18,600	SH		SOLE		0	0	18,600
South St Corp	COM	840441109	1,452	18,825	SH		SOLE		0	0	18,825
Southern Copper Corporation	COM	84265V105	376	7,550	SH		SOLE		0	0	7,550
Southwestern Energy Co	COM	845467109	282	45,192	SH		SOLE		0	0	45,192
Sprott Physical Gold Trust	COM	85207H104	223	15,760	SH		SOLE		0	0	15,760
Sprott Physical Silver Trust	COM	85207K107	94	13,650	SH		SOLE		0	0	13,650
Star Bulk Carriers Corp	COM	Y8162K204	650	26,014	SH		SOLE		0	0	26,014
Starbucks Corp	COM	855244109	636	8,329	SH		SOLE		110	0	8,219
Stonecastle Financial Corp	COM	861780104	644	33,527	SH		SOLE		0	0	33,527
Suburban Propane Partners LP U	COM	864482104	172	11,263	SH		SOLE		0	0	11,263
Sysco Corp	COM	871829107	813	9,600	SH		SOLE		0	0	9,600
TC Energy Corp	COM	87807B107	457	8,820	SH		SOLE		0	0	8,820
Teck Resources Ltd Class B	COM	878742204	329	10,750	SH		SOLE		0	0	10,750
Templeton Emerging Markets Inc	COM	880192109	956	177,283	SH		SOLE		1,900	0	175,383
Tesla Inc	COM	88160R101	310	460	SH		SOLE		0	0	460
Teva Pharmaceutical ADR Inds L	COM	881624209	1,366	181,587	SH		SOLE		0	0	181,587
Texas Capital Bancshares	COM	88224Q107	737	14,000	SH		SOLE		0	0	14,000
Texas Instruments	COM	882508104	498	3,244	SH		SOLE		26	0	3,218
Tortoise North American Pipeli	COM	56167N720	6,175	254,620	SH		SOLE		0	0	254,620
Unilever PLC Sponsored ADR New	COM	904767704	4,525	98,732	SH		SOLE		0	0	98,732
Unitedhealth Group Inc	COM	91324P102	19,835	38,617	SH		SOLE		1,835	0	36,782
Urstadt Biddle Pptys Inc REIT	COM	917286205	2,598	160,352	SH		SOLE		0	0	160,352
Valero Energy Corp New	COM	91913Y100	628	5,913	SH		SOLE		0	0	5,913
Vaneck Vectors Tr ETF Jr Gold	COM	92189F791	578	18,060	SH		SOLE		0	0	18,060
Vanguard Index FDS Growth ETF	COM	922908736	341	1,528	SH		SOLE		0	0	1,528
Vanguard Index Fds ETF S&P 500	COM	922908363	1,016	2,928	SH		SOLE		390	0	2,538
Vanguard Index Fund Vanguard S	COM	922908751	960	5,450	SH		SOLE		0	0	5,450
Vanguard Index Funds Vanguard	COM	922908629	748	3,800	SH		SOLE		0	0	3,800
Vanguard Intermediate ETF Term	COM	92206C870	341	4,262	SH		SOLE		0	0	4,262
Vanguard Lrg Cap ETF	COM	922908637	269	1,562	SH		SOLE		0	0	1,562
Vanguard Mid-Cap Val ETF Index	COM	922908512	293	2,266	SH		SOLE		0	0	2,266
Vanguard Muni Bd Fds ETF Tax E	COM	922907746	326	6,533	SH		SOLE		0	0	6,533
Vanguard REIT ETF	COM	922908553	293	3,219	SH		SOLE		0	0	3,219
Vanguard Russell ETF 1000	COM	92206C730	282	1,641	SH		SOLE		0	0	1,641
Vanguard Total Stock Fund	COM	922908769	1,725	9,146	SH		SOLE		0	0	9,146
Vanguard World Fd Mega Cap 300	COM	921910816	945	5,200	SH		SOLE		0	0	5,200
Ventas Inc	COM	92276F100	1,365	26,540	SH		SOLE		0	0	26,540
Verizon Communications	COM	92343V104	580	11,428	SH		SOLE		0	0	11,428
Virtus Allianzgi Conv & Income	COM	92838X102	85	22,986	SH		SOLE		0	0	22,986
Visa Inc Cl A	COM	92826C839	8,291	42,109	SH		SOLE		2,280	0	39,829
Voya Emerging Markets High Div	COM	92912P108	104	18,106	SH		SOLE		0	0	18,106
Walgreens Boots Alliance Inc	COM	931427108	2,296	60,570	SH		SOLE		0	0	60,570
Walmart Inc	COM	931142103	767	6,311	SH		SOLE		0	0	6,311
Waste Management Inc Del	COM	94106L109	1,262	8,248	SH		SOLE		0	0	8,248
Western Asset High Income Oppo	COM	95766K109	40	10,000	SH		SOLE		0	0	10,000
Western Union Co	COM	959802109	3,135	190,366	SH		SOLE		0	0	190,366
Williams Companies Inc	COM	969457100	2,221	71,153	SH		SOLE		0	0	71,153
Williams Sonoma Inc	COM	969904101	2,455	22,127	SH		SOLE		0	0	22,127
Yum Brands Inc	COM	988498101	249	2,191	SH		SOLE		0	0	2,191
Zoetis Inc Cl A	COM	98978V103	525	3,055	SH		SOLE		0	0	3,055
iShares ETF Russell 1000 Growt	COM	464287614	248	1,133	SH		SOLE		0	0	1,133
iShares ETF Russell Midcap Gro	COM	464287481	260	3,280	SH		SOLE		0	0	3,280
iShares Gold Tr ETF iShares Ne	COM	464285204	32,647	951,530	SH		SOLE		787	0	950,743
iShares Russell ETF Midcap	COM	464287499	234	3,620	SH		SOLE		0	0	3,620
iShares Tr NASDAQ Biotechnolog	COM	464287556	676	5,750	SH		SOLE		0	0	5,750
iShares Trust Barclays 20 Year	COM	464287432	15,090	131,369	SH		SOLE		95	0	131,274
iShares US Healthcare Provider	COM	464288828	396	1,550	SH		SOLE		0	0	1,550
Argo Group Intl Ltd Resettable	PFD	040128209	805	35,180	SH		SOLE		0	0	35,180
Aspen Ins Ltd Fxd/Fltg Perp Pf	PFD	G05384154	1,631	67,572	SH		SOLE		0	0	67,572
Atlantic Un 6.875 Pfd Bnkshrs	PFD	04911A206	1,184	46,256	SH		SOLE		0	0	46,256
Bank of America Non-Cum Perp M	PFD	060505229	688	27,289	SH		SOLE		0	0	27,289
Bank of America Series L Pfd 7	PFD	060505682	14,913	12,381	SH		SOLE		163	0	12,218
Boston Scntfc 5.5 Pfd Corp A	PFD	101137206	5,092	50,193	SH		SOLE		0	0	50,193
Brookfield Ppty 6.25 Pfd Lp	PFD	G1624R107	1,161	58,655	SH		SOLE		0	0	58,655
Citigroup Cap Tr Pfd XIII Fixe	PFD	173080201	19,299	720,127	SH		SOLE		7,015	0	713,112
Gabelli Equity Trust Ser K Pfd	PFD	362397846	1,229	52,050	SH		SOLE		0	0	52,050
Gaslog Partners Fix/Flt Pfd A	PFD	Y2687W116	779	30,014	SH		SOLE		0	0	30,014
Gold Sachs Flt Non-Cum Perp Pf	PFD	38144G804	533	28,120	SH		SOLE		0	0	28,120
JP Morgan Ser EE Fixd Perp Cal	PFD	48128B648	1,799	70,452	SH		SOLE		6,580	0	63,872
Keycorp Perp Pfd 5.65 NonCum 1	PFD	493267876	681	28,969	SH		SOLE		0	0	28,969
Merchants Bancorp Fx/Flt A Per	PFD	58844R405	1,529	62,400	SH		SOLE		0	0	62,400
Morgan Stan Fix/Flt Non-Cum Pe	PFD	61763E207	5,926	230,051	SH		SOLE		1,905	0	228,146
New York Banc Fix/Flt Perp Pfd	PFD	649445202	2,164	88,671	SH		SOLE		0	0	88,671
Nextera Energy Mty 09/01/23 Pf	PFD	65339F739	27,538	560,294	SH		SOLE		410	0	559,884
Nustar Logistics L.P. Due 2043	PFD	67059T204	2,089	87,220	SH		SOLE		0	0	87,220
Raymond J Finl 6.75 Pfd PrpMt	PFD	754730307	2,082	83,781	SH		SOLE		0	0	83,781
Regions Fin. B Fx/Flt Perp Pfd	PFD	7591EP506	313	12,375	SH		SOLE		0	0	12,375
SiriusPoint Ltd Resetable 8 P	PFD	G8192H155	2,270	97,420	SH		SOLE		0	0	97,420
Synovus Finl Crp Fix/Flt PerpP	PFD	87161C600	949	40,522	SH		SOLE		0	0	40,522
US Bancorp Ser K Pfd Fxd 5.50	PFD	902973759	3,919	160,632	SH		SOLE		6,525	0	154,107
Wells Fargo & Co 7.5 Prp Cnv	PFD	949746804	13,984	11,504	SH		SOLE		133	0	11,371
Wesco Intl Inc Cm Fx/Flt Prp P	PFD	95082P303	2,321	84,659	SH		SOLE		0	0	84,659
Advent Claymore Convertible &	FDSTX	00764C109	1,159	96,207	SH		SOLE		0	0	96,207
BlackRock Limited Duration Inc	FDSTX	09249W101	969	76,567	SH		SOLE		0	0	76,567
Blackstone / Gso Senior Floati	FDSTX	09256U105	658	49,477	SH		SOLE		0	0	49,477
Eaton Vance Senior Floating Ra	FDSTX	27828Q105	856	69,769	SH		SOLE		0	0	69,769
First Trust/Aberdeen Global Op	FDSTX	337319107	965	159,525	SH		SOLE		0	0	159,525
Flaherty & Crumrine Dynamic Pf	FDSTX	33848W106	757	35,217	SH		SOLE		0	0	35,217
Invesco Bulletshares 2022 Hi Y	FDSTX	46138J874	458	20,780	SH		SOLE		0	0	20,780
Invesco Bulletshares 2023 Hi Y	FDSTX	46138J858	217	9,475	SH		SOLE		0	0	9,475