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 |
ADVENT CLAYMORE CV SECS & IN | COM | 00764C109 | 1,104 | 79,163 | SH | | SOLE | | 79,163 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUNI | COM | 01864U106 | 4,425 | 293,213 | SH | | SOLE | | 293,213 | 0 | 0 |
ALLIANZGI CONV & INCOME FD | COM | 018828103 | 1,881 | 305,874 | SH | | SOLE | | 305,874 | 0 | 0 |
ALLIANZGI CONV & INCOME FD I | COM | 018825109 | 2,468 | 464,826 | SH | | SOLE | | 464,826 | 0 | 0 |
ALPINE GLOBAL PREMIER PPTYS | COM SBI | 02083A103 | 1,159 | 211,058 | SH | | SOLE | | 211,058 | 0 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 1,364 | 86,333 | SH | | SOLE | | 86,333 | 0 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 595 | 43,288 | SH | | SOLE | | 43,288 | 0 | 0 |
BABSON CAP GLB SHT DURHGH YL | COM | 05617T100 | 187 | 10,476 | SH | | SOLE | | 10,476 | 0 | 0 |
BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 | 1,555 | 148,919 | SH | | SOLE | | 148,919 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 260 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
BLACKROCK INVT QUALITY MUN T | COM | 09247D105 | 2,483 | 138,790 | SH | | SOLE | | 138,790 | 0 | 0 |
BLACKROCK LTD DURATION INC T | COM SHS | 09249W101 | 1,175 | 77,027 | SH | | SOLE | | 77,027 | 0 | 0 |
BLACKROCK LONG-TERM MUNI ADV | COM | 09250B103 | 349 | 27,386 | SH | | SOLE | | 27,386 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 1,081 | 70,916 | SH | | SOLE | | 70,916 | 0 | 0 |
BLACKROCK MUNIENHANCED FD IN | COM | 09253Y100 | 3,124 | 243,283 | SH | | SOLE | | 243,283 | 0 | 0 |
BLACKROCK MUNIHLDGS FD II IN | COM | 09253P109 | 849 | 50,020 | SH | | SOLE | | 50,020 | 0 | 0 |
BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | 1,006 | 53,119 | SH | | SOLE | | 53,119 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 1,002 | 62,271 | SH | | SOLE | | 62,271 | 0 | 0 |
BLACKROCK MUNIYIELD INVST FD | COM | 09254R104 | 1,362 | 81,158 | SH | | SOLE | | 81,158 | 0 | 0 |
BLACKROCK MUNIY QUALITY FD I | COM | 09254G108 | 775 | 53,554 | SH | | SOLE | | 53,554 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 2,003 | 127,908 | SH | | SOLE | | 127,908 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254F100 | 3,374 | 200,333 | SH | | SOLE | | 200,333 | 0 | 0 |
BLACKROCK MUN 2030 TAR TERM | COM SHS BEN IN | 09257P105 | 780 | 32,240 | SH | | SOLE | | 32,240 | 0 | 0 |
BLACKROCK MUNICIPAL BOND TR | COM | 09249H104 | 1,183 | 65,512 | SH | | SOLE | | 65,512 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 1,181 | 72,658 | SH | | SOLE | | 72,658 | 0 | 0 |
BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | 1,894 | 119,776 | SH | | SOLE | | 119,776 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 471 | 28,494 | SH | | SOLE | | 28,494 | 0 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 2,074 | 144,108 | SH | | SOLE | | 144,108 | 0 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 1,159 | 80,195 | SH | | SOLE | | 80,195 | 0 | 0 |
BROOKFIELD HIGH INCOME FD IN | COM | 11272P102 | 2,025 | 280,925 | SH | | SOLE | | 280,925 | 0 | 0 |
BROOKFIELD MTG OPP INC FD IN | COM | 112792106 | 1,032 | 69,386 | SH | | SOLE | | 69,386 | 0 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 2,015 | 189,900 | SH | | SOLE | | 189,900 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 205 | 22,010 | SH | | SOLE | | 22,010 | 0 | 0 |
DEUTSCHE MUN INCOME | COM | 25160C106 | 2,015 | 139,478 | SH | | SOLE | | 139,478 | 0 | 0 |
DEUTSCHE STRATEGIC MUN INCOM | COM | 25159F102 | 336 | 23,384 | SH | | SOLE | | 23,384 | 0 | 0 |
DIVERSIFIED REAL ASSET INC F | COM SHS | 25533B108 | 911 | 55,038 | SH | | SOLE | | 55,038 | 0 | 0 |
DREYFUS MUN BD INFRSTRCTR FD | SHS | 26203D101 | 3,753 | 262,965 | SH | | SOLE | | 262,965 | 0 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 2,295 | 229,224 | SH | | SOLE | | 229,224 | 0 | 0 |
EATON VANCE FLTING RATE INC | COM | 278279104 | 154 | 11,500 | SH | | SOLE | | 11,500 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 1,348 | 100,305 | SH | | SOLE | | 100,305 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 5,654 | 399,042 | SH | | SOLE | | 399,042 | 0 | 0 |
EATON VANCE MUN BD FD II | COM | 27827K109 | 1,960 | 140,513 | SH | | SOLE | | 140,513 | 0 | 0 |
EATON VANCE MUN INCOME 2028 | SHS | 27829U105 | 2,000 | 94,160 | SH | | SOLE | | 94,160 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 5,849 | 397,909 | SH | | SOLE | | 397,909 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 1,202 | 52,180 | SH | | SOLE | | 52,180 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 1,132 | 86,561 | SH | | SOLE | | 86,561 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 1,212 | 73,089 | SH | | SOLE | | 73,089 | 0 | 0 |
FIDUCIARY CLAYMORE MLP OPP F | COM | 31647Q106 | 1,440 | 104,355 | SH | | SOLE | | 104,355 | 0 | 0 |
GABELLI EQUITY TR INC | COM | 362397101 | 253 | 46,020 | SH | | SOLE | | 46,020 | 0 | 0 |
GUGGENHEIM ENHNCD EQTY INCM | COM | 40167B100 | 246 | 32,800 | SH | | SOLE | | 32,800 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06742E711 | 584 | 42,300 | SH | | SOLE | | 42,300 | 0 | 0 |
ISHARES TR | MRG RL ES CP ETF | 464288539 | 103 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 1,127 | 79,285 | SH | | SOLE | | 79,285 | 0 | 0 |
INVESCO QUALITY MUNI INC TRS | COM | 46133G107 | 534 | 38,606 | SH | | SOLE | | 38,606 | 0 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 870 | 208,032 | SH | | SOLE | | 208,032 | 0 | 0 |
IVY HIGH INC OPPORTUNITIES F | COM | 465893105 | 62 | 4,500 | SH | | SOLE | | 4,500 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 2,258 | 140,085 | SH | | SOLE | | 140,085 | 0 | 0 |
MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 | 2,369 | 430,741 | SH | | SOLE | | 430,741 | 0 | 0 |
MFS HIGH YIELD MUN TR | SH BEN INT | 59318E102 | 1,157 | 235,149 | SH | | SOLE | | 235,149 | 0 | 0 |
MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 | 622 | 58,782 | SH | | SOLE | | 58,782 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 1,223 | 161,313 | SH | | SOLE | | 161,313 | 0 | 0 |
MAINSTAY DEFINEDTERM MN OPP | COM | 56064K100 | 2,093 | 101,230 | SH | | SOLE | | 101,230 | 0 | 0 |
NEUBERGER BERMAN HGH YLD FD | COM | 64128C106 | 1,550 | 141,550 | SH | | SOLE | | 141,550 | 0 | 0 |
NEW AMER HIGH INCOME FD INC | COM NEW | 641876800 | 639 | 74,785 | SH | | SOLE | | 74,785 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 707 | 87,500 | SH | | SOLE | | 87,500 | 0 | 0 |
NUVEEN DIVERSIFIED DIV INCM | COM | 6706EP105 | 103 | 8,805 | SH | | SOLE | | 8,805 | 0 | 0 |
NUVEEN ENHANCED MUN CREDIT O | COM SH BEN INT | 67070X101 | 6,594 | 414,189 | SH | | SOLE | | 414,189 | 0 | 0 |
NUVEEN ENHANCED AMT FREE MUN | COM | 67071L106 | 6,106 | 375,504 | SH | | SOLE | | 375,504 | 0 | 0 |
NUVEEN DOW 30 DYN OVERWRITE | SHS | 67075F105 | 620 | 42,689 | SH | | SOLE | | 42,689 | 0 | 0 |
NUVEEN ENHANCED MUN VALUE FD | COM | 67074M101 | 1,272 | 77,644 | SH | | SOLE | | 77,644 | 0 | 0 |
NUVEEN FLEXIBLE INVT INCOME | COM | 67075B104 | 890 | 56,284 | SH | | SOLE | | 56,284 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 736 | 71,706 | SH | | SOLE | | 71,706 | 0 | 0 |
NUVEEN GLOBAL HIGH INCOME FD | SHS | 67075G103 | 1,721 | 119,604 | SH | | SOLE | | 119,604 | 0 | 0 |
NUVEEN INVT QUALITY MUN FD I | COM | 67062E103 | 1,347 | 80,560 | SH | | SOLE | | 80,560 | 0 | 0 |
NUVEEN MUN MKT OPPORTUNITY F | COM | 67062W103 | 3,002 | 199,084 | SH | | SOLE | | 199,084 | 0 | 0 |
NUVEEN PERFORMANCE PLUS MUN | COM | 67062P108 | 534 | 32,350 | SH | | SOLE | | 32,350 | 0 | 0 |
NUVEEN PREMIER MUN INCOME FD | COM | 670988104 | 1,831 | 121,503 | SH | | SOLE | | 121,503 | 0 | 0 |
NUVEEN PREM INCOME MUN FD 2 | COM | 67063W102 | 4,522 | 291,947 | SH | | SOLE | | 291,947 | 0 | 0 |
NUVEEN PREM INCOME MUN FD | COM | 67062T100 | 5,292 | 342,964 | SH | | SOLE | | 342,964 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 1,024 | 85,312 | SH | | SOLE | | 85,312 | 0 | 0 |
NUVEEN SELECT QUALITY MUN FD | COM | 670973106 | 1,308 | 84,303 | SH | | SOLE | | 84,303 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,014 | 167,958 | SH | | SOLE | | 167,958 | 0 | 0 |
PCM FUND INC | COM | 69323T101 | 239 | 24,587 | SH | | SOLE | | 24,587 | 0 | 0 |
PIMCO DYNAMIC CR INCOME FD | COM SHS | 72202D106 | 782 | 40,863 | SH | | SOLE | | 40,863 | 0 | 0 |
PIMCO INCOME OPPORTUNITY FD | COM | 72202B100 | 1,123 | 48,837 | SH | | SOLE | | 48,837 | 0 | 0 |
PIMCO MUN INCOME FD II | COM | 72200W106 | 1,683 | 120,533 | SH | | SOLE | | 120,533 | 0 | 0 |
PIMCO MUN INCOME FD III | COM | 72201A103 | 4,193 | 325,520 | SH | | SOLE | | 325,520 | 0 | 0 |
PROSHARES TR | SHRT 20+YR TRE | 74347X849 | 131 | 6,225 | SH | | SOLE | | 6,225 | 0 | 0 |
PROSHARES TR | SHT 7-10 YR TR | 74348A608 | 142 | 5,235 | SH | | SOLE | | 5,235 | 0 | 0 |
PROSHARES TR | SHORT S&P 500 NE | 74347B425 | 277 | 6,980 | SH | | SOLE | | 6,980 | 0 | 0 |
PACHOLDER HIGH YIELD FD INC | COM | 693742108 | 1,035 | 146,182 | SH | | SOLE | | 146,182 | 0 | 0 |
PIONEER DIV HIGH INCOME TRUS | COM | 723653101 | 726 | 46,238 | SH | | SOLE | | 46,238 | 0 | 0 |
PIONEER HIGH INCOME TR | COM | 72369H106 | 2,091 | 207,218 | SH | | SOLE | | 207,218 | 0 | 0 |
PIONEER MUN HIGH INCOME ADV | COM | 723762100 | 4,331 | 306,958 | SH | | SOLE | | 306,958 | 0 | 0 |
PIONEER MUN HIGH INCOME TR | COM SHS | 723763108 | 3,020 | 211,049 | SH | | SOLE | | 211,049 | 0 | 0 |
PRUDENTIAL SHT DURATION HG Y | COM | 74442F107 | 353 | 22,364 | SH | | SOLE | | 22,364 | 0 | 0 |
PUTNAM MANAGED MUN INCOM TR | COM | 746823103 | 3,631 | 451,665 | SH | | SOLE | | 451,665 | 0 | 0 |
PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 | 3,420 | 255,602 | SH | | SOLE | | 255,602 | 0 | 0 |
SPDR SERIES TRUST | NUV HGHYLD MUN | 78464A284 | 1,495 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
VANECK VECTORS ETF TR | BDC INCOME ETF | 92189F411 | 103 | 6,200 | SH | | SOLE | | 6,200 | 0 | 0 |
VANECK VECTORS ETF TR | HIGH YLD MUN ETF | 92189F361 | 485 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
VIRTUS GLOBAL MULTI-SEC INC | COM | 92829B101 | 227 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 247 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 419 | 60,468 | SH | | SOLE | | 60,468 | 0 | 0 |
VOYA INFRASTRUCTURE INDLS & MT | COM | 92912X101 | 918 | 74,247 | SH | | SOLE | | 74,247 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 1,005 | 196,300 | SH | | SOLE | | 196,300 | 0 | 0 |
WELLS FARGO INCOME OPPORTUNI | COM SHS | 94987B105 | 1,747 | 221,142 | SH | | SOLE | | 221,142 | 0 | 0 |
WESTERN ASSET EMRG MKT INCM | COM | 95766E103 | 655 | 60,418 | SH | | SOLE | | 60,418 | 0 | 0 |
WESTERN ASSET HIGH INCM FD I | COM | 95766J102 | 1,212 | 174,643 | SH | | SOLE | | 174,643 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 1,325 | 125,257 | SH | | SOLE | | 125,257 | 0 | 0 |
WESTERN ASST MNGD MUN FD INC | COM | 95766M105 | 2,337 | 154,230 | SH | | SOLE | | 154,230 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 268 | 20,180 | SH | | SOLE | | 20,180 | 0 | 0 |