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 |
ABERDEEN ASIA PACIFIC INCOM | COM | 003009107 | 279 | 61,049 | SH | | SOLE | | 61,049 | 0 | 0 |
ADVENT CLAY CONV SEC INC FD | COM | 007639107 | 1,174 | 211,490 | SH | | SOLE | | 211,490 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUNI | COM | 01864U106 | 2,797 | 202,566 | SH | | SOLE | | 202,566 | 0 | 0 |
ALLIANCEBERNSTEIN GBL HGH IN | COM | 01879R106 | 234 | 21,710 | SH | | SOLE | | 21,710 | 0 | 0 |
ALLIANZGI CONV & INCOME FD I | COM | 018825109 | 1,413 | 279,726 | SH | | SOLE | | 279,726 | 0 | 0 |
ALLIANZGI CONV & INCOME FD | COM | 018828103 | 1,310 | 236,474 | SH | | SOLE | | 236,474 | 0 | 0 |
ALPINE GLOBAL PREMIER PPTYS | COM SBI | 02083A103 | 1,193 | 206,788 | SH | | SOLE | | 206,788 | 0 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 1,384 | 91,333 | SH | | SOLE | | 91,333 | 0 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 1,022 | 76,511 | SH | | SOLE | | 76,511 | 0 | 0 |
BABSON CAP GLB SHT DURHGH YL | COM | 05617T100 | 335 | 20,310 | SH | | SOLE | | 20,310 | 0 | 0 |
BLACKROCK TAX MUNICPAL BD TR | SHS | 09248X100 | 262 | 12,505 | SH | | SOLE | | 12,505 | 0 | 0 |
BLACKROCK INVT QUALITY MUN T | COM | 09247D105 | 3,146 | 204,426 | SH | | SOLE | | 204,426 | 0 | 0 |
BLACKROCK MULTI-SECTOR INC T | COM | 09258A107 | 371 | 23,465 | SH | | SOLE | | 23,465 | 0 | 0 |
BLACKROCK MUNICIPAL BOND TR | COM | 09249H104 | 646 | 40,040 | SH | | SOLE | | 40,040 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 2,291 | 149,672 | SH | | SOLE | | 149,672 | 0 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 665 | 49,333 | SH | | SOLE | | 49,333 | 0 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 229 | 17,150 | SH | | SOLE | | 17,150 | 0 | 0 |
BLACKROCK LONG-TERM MUNI ADV | COM | 09250B103 | 1,016 | 88,333 | SH | | SOLE | | 88,333 | 0 | 0 |
BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | 558 | 32,592 | SH | | SOLE | | 32,592 | 0 | 0 |
BLACKROCK LTD DURATION INC T | COM SHS | 09249W101 | 1,226 | 84,090 | SH | | SOLE | | 84,090 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 816 | 57,568 | SH | | SOLE | | 57,568 | 0 | 0 |
BLACKROCK MUNIHLDGS FD II IN | COM | 09253P109 | 691 | 45,023 | SH | | SOLE | | 45,023 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 1,481 | 99,580 | SH | | SOLE | | 99,580 | 0 | 0 |
BLACKROCK DEBT STRAT FD INC | COM | 09255R103 | 1,014 | 300,850 | SH | | SOLE | | 300,850 | 0 | 0 |
GUGGENHEIM STRATEGIC OPP FD | COM SBI | 40167F101 | 1,025 | 60,912 | SH | | SOLE | | 60,912 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 230 | 22,010 | SH | | SOLE | | 22,010 | 0 | 0 |
COHEN & STEERS SLT PFD INCM FD | COM | 19248Y107 | 430 | 17,256 | SH | | SOLE | | 17,256 | 0 | 0 |
DIVERSIFIED REAL ASSET INC F | COM SHS | 25533B108 | 1,241 | 80,038 | SH | | SOLE | | 80,038 | 0 | 0 |
DREYFUS HIGH YIELD STRATEGIE | SH BEN INT | 26200S101 | 786 | 255,034 | SH | | SOLE | | 255,034 | 0 | 0 |
DREYFUS MUN BD INFRSTRCTR FD | SHS | 26203D101 | 2,688 | 217,116 | SH | | SOLE | | 217,116 | 0 | 0 |
DREYFUS STRATEGIC MUN BD FD | COM | 26202F107 | 2,161 | 267,751 | SH | | SOLE | | 267,751 | 0 | 0 |
DTF TAX-FREE INCOME INC | SH BEN INT | 23334J107 | 418 | 27,663 | SH | | SOLE | | 27,663 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 1,828 | 140,852 | SH | | SOLE | | 140,852 | 0 | 0 |
EATON VANCE MUN BD FD II | COM | 27827K109 | 479 | 36,351 | SH | | SOLE | | 36,351 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 459 | 37,000 | SH | | SOLE | | 37,000 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 2,443 | 177,899 | SH | | SOLE | | 177,899 | 0 | 0 |
FIDUCIARY CLAYMORE MLP OPP F | COM | 31647Q106 | 1,355 | 104,355 | SH | | SOLE | | 104,355 | 0 | 0 |
GABELLI EQUITY TR INC | COM | 362397101 | 244 | 46,020 | SH | | SOLE | | 46,020 | 0 | 0 |
GUGGENHEIM ENHNCD EQTY INCM | COM | 40167B100 | 407 | 52,981 | SH | | SOLE | | 52,981 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06742E711 | 423 | 21,055 | SH | | SOLE | | 21,055 | 0 | 0 |
ISHARES TR | MRG RL ES CP ETF | 464288539 | 49 | 5,100 | SH | | SOLE | | 5,100 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 536 | 37,240 | SH | | SOLE | | 37,240 | 0 | 0 |
HANCOCK JOHN PFD INCOME FD I | COM | 41013X106 | 980 | 49,961 | SH | | SOLE | | 49,961 | 0 | 0 |
HANCOCK JOHN PFD INCOME FD | SH BEN INT | 41013W108 | 1,087 | 54,295 | SH | | SOLE | | 54,295 | 0 | 0 |
HANCOCK JOHN PFD INCOME FD I | COM | 41021P103 | 188 | 10,500 | SH | | SOLE | | 10,500 | 0 | 0 |
KKR INCOME OPPORTUNITIES FD | COM | 48249T106 | 404 | 29,150 | SH | | SOLE | | 29,150 | 0 | 0 |
MAINSTAY DEFINEDTERM MN OPP | COM | 56064K100 | 2,662 | 141,373 | SH | | SOLE | | 141,373 | 0 | 0 |
MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 | 1,585 | 322,726 | SH | | SOLE | | 322,726 | 0 | 0 |
MFS HIGH YIELD MUN TR | SH BEN INT | 59318E102 | 203 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 1,476 | 217,120 | SH | | SOLE | | 217,120 | 0 | 0 |
NEW AMER HIGH INCOME FD INC | COM NEW | 641876800 | 744 | 97,131 | SH | | SOLE | | 97,131 | 0 | 0 |
NUVEEN MUN ADVANTAGE FD INC | COM | 67062H106 | 2,625 | 189,544 | SH | | SOLE | | 189,544 | 0 | 0 |
NUVEEN BUILD AMER BD OPPTNY | COM | 67074Q102 | 264 | 13,000 | SH | | SOLE | | 13,000 | 0 | 0 |
NUVEEN DIVID ADV MUN FD 3 | COM SH BEN INT | 67070X101 | 1,414 | 98,436 | SH | | SOLE | | 98,436 | 0 | 0 |
NUVEEN DOW 30 DYN OVERWRITE | SHS | 67075F105 | 827 | 57,607 | SH | | SOLE | | 57,607 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 346 | 35,335 | SH | | SOLE | | 35,335 | 0 | 0 |
NUVEEN MUN OPPORTUNITY FD IN | COM | 670984103 | 3,149 | 219,777 | SH | | SOLE | | 219,777 | 0 | 0 |
NUVEEN AMT-FREE MUN INCOME F | COM | 670657105 | 319 | 23,001 | SH | | SOLE | | 23,001 | 0 | 0 |
NUVEEN MUN MKT OPPORTUNITY F | COM | 67062W103 | 2,280 | 165,322 | SH | | SOLE | | 165,322 | 0 | 0 |
NUVEEN PREM INCOME MUN FD | COM | 67062T100 | 2,274 | 161,278 | SH | | SOLE | | 161,278 | 0 | 0 |
NUVEEN QUALITY INCOME MUN FD | COM | 670977107 | 3,054 | 215,375 | SH | | SOLE | | 215,375 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 841 | 79,212 | SH | | SOLE | | 79,212 | 0 | 0 |
NUVEEN SELECT QUALITY MUN FD | COM | 670973106 | 1,837 | 130,780 | SH | | SOLE | | 130,780 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,137 | 197,096 | SH | | SOLE | | 197,096 | 0 | 0 |
NUVEEN PREMIER MUN INCOME FD | COM | 670988104 | 898 | 65,709 | SH | | SOLE | | 65,709 | 0 | 0 |
NUVEEN DIV ADVANTAGE MUN FD | COM | 67070F100 | 2,338 | 165,109 | SH | | SOLE | | 165,109 | 0 | 0 |
NUVEEN PREM INCOME MUN FD 4 | COM | 6706K4105 | 2,709 | 202,453 | SH | | SOLE | | 202,453 | 0 | 0 |
PIMCO CORPORATE & INCOME OPP | COM | 72201B101 | 1,230 | 92,183 | SH | | SOLE | | 92,183 | 0 | 0 |
PIMCO DYNAMIC CR INCOME FD | COM SHS | 72202D106 | 1,153 | 63,963 | SH | | SOLE | | 63,963 | 0 | 0 |
PIMCO MUN INCOME FD II | COM | 72200W106 | 1,001 | 79,982 | SH | | SOLE | | 79,982 | 0 | 0 |
PIMCO MUN INCOME FD III | COM | 72201A103 | 2,545 | 221,151 | SH | | SOLE | | 221,151 | 0 | 0 |
PIMCO INCOME OPPORTUNITY FD | COM | 72202B100 | 1,387 | 65,494 | SH | | SOLE | | 65,494 | 0 | 0 |
PIONEER MUN HIGH INCOME TR | COM SHS | 723763108 | 2,719 | 208,205 | SH | | SOLE | | 208,205 | 0 | 0 |
PIONEER FLOATING RATE TR | COM | 72369J102 | 523 | 48,163 | SH | | SOLE | | 48,163 | 0 | 0 |
PIONEER HIGH INCOME TR | COM | 72369H106 | 1,367 | 143,470 | SH | | SOLE | | 143,470 | 0 | 0 |
PIONEER MUN HIGH INCOME ADV | COM | 723762100 | 2,087 | 156,316 | SH | | SOLE | | 156,316 | 0 | 0 |
PIONEER DIV HIGH INCOME TRUS | COM | 723653101 | 1,031 | 70,699 | SH | | SOLE | | 70,699 | 0 | 0 |
PROSHARES TR | SHRT 20+YR TRE | 74347X849 | 154 | 6,225 | SH | | SOLE | | 6,225 | 0 | 0 |
PROSHARES TR | SHT 7-10 YR TR | 74348A608 | 155 | 5,235 | SH | | SOLE | | 5,235 | 0 | 0 |
PROSHARES TR | PSHS SHRT S&P500 | 74347R503 | 252 | 12,060 | SH | | SOLE | | 12,060 | 0 | 0 |
PRUDENTIAL SHT DURATION HG Y | COM | 74442F107 | 404 | 27,658 | SH | | SOLE | | 27,658 | 0 | 0 |
PUTNAM MANAGED MUN INCOM TR | COM | 746823103 | 2,421 | 328,970 | SH | | SOLE | | 328,970 | 0 | 0 |
PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 | 878 | 71,524 | SH | | SOLE | | 71,524 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 2,541 | 215,737 | SH | | SOLE | | 215,737 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 1,611 | 126,159 | SH | | SOLE | | 126,159 | 0 | 0 |
INVESCO TR INVT GRADE MUNS | COM | 46131M106 | 1,942 | 145,716 | SH | | SOLE | | 145,716 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 1,239 | 117,410 | SH | | SOLE | | 117,410 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 562 | 80,320 | SH | | SOLE | | 80,320 | 0 | 0 |
VOYA INFRASTRUCTURE INDLS & MT | COM | 92912X101 | 604 | 49,247 | SH | | SOLE | | 49,247 | 0 | 0 |
WELLS FARGO INCOME OPPORTUNI | COM SHS | 94987B105 | 686 | 92,042 | SH | | SOLE | | 92,042 | 0 | 0 |
WELLS FARGO MULTI SECTOR INC | COM SHS | 94987D101 | 245 | 21,605 | SH | | SOLE | | 21,605 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 245 | 20,180 | SH | | SOLE | | 20,180 | 0 | 0 |
WESTERN ASSET EMRG MKT DEBT | COM | 95766A101 | 206 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
WESTERN ASSET EMRG MKT INCM | COM | 95766E103 | 633 | 65,069 | SH | | SOLE | | 65,069 | 0 | 0 |