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 | 247 | 48,150 | SH | | SOLE | | 48,150 | 0 | 0 |
ADVENT CLAY CONV SEC INC FD | COM | 007639107 | 181 | 31,412 | SH | | SOLE | | 31,412 | 0 | 0 |
ADVENT CLAYMORE CV SECS & IN | COM | 00764C109 | 1,193 | 81,808 | SH | | SOLE | | 81,808 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUNI | COM | 01864U106 | 4,981 | 338,168 | SH | | SOLE | | 338,168 | 0 | 0 |
ALLIANZGI CONV & INCOME FD | COM | 018828103 | 1,557 | 230,711 | SH | | SOLE | | 230,711 | 0 | 0 |
ALLIANZGI CONV & INCOME FD I | COM | 018825109 | 2,756 | 464,826 | SH | | SOLE | | 464,826 | 0 | 0 |
ALPINE GLOBAL PREMIER PPTYS | COM SBI | 02083A103 | 1,282 | 231,058 | SH | | SOLE | | 231,058 | 0 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 1,800 | 106,333 | SH | | SOLE | | 106,333 | 0 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 2,624 | 176,733 | SH | | SOLE | | 176,733 | 0 | 0 |
BARINGS GLOBAL SHORT DURATIO | COM | 06760L100 | 195 | 10,476 | SH | | SOLE | | 10,476 | 0 | 0 |
BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 | 1,611 | 148,919 | SH | | SOLE | | 148,919 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 267 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
BLACKROCK INVT QUALITY MUN T | COM | 09247D105 | 2,422 | 141,732 | SH | | SOLE | | 141,732 | 0 | 0 |
BLACKROCK LTD DURATION INC T | COM SHS | 09249W101 | 1,195 | 77,027 | SH | | SOLE | | 77,027 | 0 | 0 |
BLACKROCK MUNIENHANCED FD IN | COM | 09253Y100 | 3,482 | 274,188 | SH | | SOLE | | 274,188 | 0 | 0 |
BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | 2,092 | 113,657 | SH | | SOLE | | 113,657 | 0 | 0 |
BLACKROCK MUNIHLDNGS QLTY II | COM | 09254C107 | 753 | 50,948 | SH | | SOLE | | 50,948 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 1,755 | 110,500 | SH | | SOLE | | 110,500 | 0 | 0 |
BLACKROCK MUNIY QUALITY FD I | COM | 09254G108 | 2,676 | 188,717 | SH | | SOLE | | 188,717 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 3,169 | 208,231 | SH | | SOLE | | 208,231 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254F100 | 3,911 | 236,732 | SH | | SOLE | | 236,732 | 0 | 0 |
BLACKROCK MUNICIPAL BOND TR | COM | 09249H104 | 539 | 30,024 | SH | | SOLE | | 30,024 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 2,414 | 154,142 | SH | | SOLE | | 154,142 | 0 | 0 |
BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | 5,448 | 344,359 | SH | | SOLE | | 344,359 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 4,203 | 260,913 | SH | | SOLE | | 260,913 | 0 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 2,662 | 178,408 | SH | | SOLE | | 178,408 | 0 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 1,246 | 80,195 | SH | | SOLE | | 80,195 | 0 | 0 |
BROOKFIELD HIGH INCOME FD IN | COM | 11272P102 | 2,130 | 290,925 | SH | | SOLE | | 290,925 | 0 | 0 |
BROOKFIELD MTG OPP INC FD IN | COM | 112792106 | 1,566 | 104,386 | SH | | SOLE | | 104,386 | 0 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 1,880 | 170,720 | SH | | SOLE | | 170,720 | 0 | 0 |
CLEARBRIDGE ENERGY MLP FD IN | COM | 184692101 | 136 | 8,367 | SH | | SOLE | | 8,367 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 213 | 22,010 | SH | | SOLE | | 22,010 | 0 | 0 |
COHEN & STEERS TOTAL RETURN | COM | 19247R103 | 170 | 12,900 | SH | | SOLE | | 12,900 | 0 | 0 |
DIVERSIFIED REAL ASSET INC F | COM SHS | 25533B108 | 1,059 | 61,438 | SH | | SOLE | | 61,438 | 0 | 0 |
DREYFUS MUN BD INFRSTRCTR FD | SHS | 26203D101 | 3,903 | 278,193 | SH | | SOLE | | 278,193 | 0 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 2,201 | 229,224 | SH | | SOLE | | 229,224 | 0 | 0 |
DREYFUS STRATEGIC MUNS INC | COM | 261932107 | 1,399 | 149,650 | SH | | SOLE | | 149,650 | 0 | 0 |
EATON VANCE FLTG RATE INCOM | COM SHS BEN INT | 278284104 | 560 | 35,822 | SH | | SOLE | | 35,822 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 2,213 | 161,415 | SH | | SOLE | | 161,415 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 5,545 | 407,158 | SH | | SOLE | | 407,158 | 0 | 0 |
EATON VANCE MUN BD FD II | COM | 27827K109 | 2,632 | 194,977 | SH | | SOLE | | 194,977 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 5,662 | 397,909 | SH | | SOLE | | 397,909 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 700 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | COM | 27828Q105 | 1,223 | 86,561 | SH | | SOLE | | 86,561 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 1,118 | 69,599 | SH | | SOLE | | 69,599 | 0 | 0 |
GABELLI EQUITY TR INC | COM | 362397101 | 226 | 40,020 | SH | | SOLE | | 40,020 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06740Q252 | 365 | 10,700 | SH | | SOLE | | 10,700 | 0 | 0 |
ISHARES TR | MRG RL ES CP ETF | 464288539 | 105 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 1,904 | 154,890 | SH | | SOLE | | 154,890 | 0 | 0 |
INVESCO HIGH INCOME TR II | COM | 46131F101 | 338 | 23,113 | SH | | SOLE | | 23,113 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 942 | 68,285 | SH | | SOLE | | 68,285 | 0 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 870 | 201,032 | SH | | SOLE | | 201,032 | 0 | 0 |
INVESCO TR INVT GRADE MUNS | COM | 46131M106 | 3,204 | 227,228 | SH | | SOLE | | 227,228 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 2,111 | 126,423 | SH | | SOLE | | 126,423 | 0 | 0 |
KAYNE ANDERSON MLP INVT CO | COM | 486606106 | 1,634 | 79,198 | SH | | SOLE | | 79,198 | 0 | 0 |
MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 | 2,333 | 435,353 | SH | | SOLE | | 435,353 | 0 | 0 |
MFS HIGH YIELD MUN TR | SH BEN INT | 59318E102 | 513 | 101,195 | SH | | SOLE | | 101,195 | 0 | 0 |
MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 | 552 | 53,176 | SH | | SOLE | | 53,176 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 1,921 | 256,415 | SH | | SOLE | | 256,415 | 0 | 0 |
MACQUARIE FT TR GB INF UT DI | COM | 55607W100 | 245 | 19,413 | SH | | SOLE | | 19,413 | 0 | 0 |
MAINSTAY DEFINEDTERM MN OPP | COM | 56064K100 | 3,305 | 162,475 | SH | | SOLE | | 162,475 | 0 | 0 |
NEUBERGER BERMAN HGH YLD FD | COM | 64128C106 | 2,020 | 170,350 | SH | | SOLE | | 170,350 | 0 | 0 |
NEW AMER HIGH INCOME FD INC | COM NEW | 641876800 | 695 | 75,485 | SH | | SOLE | | 75,485 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | 12,002 | 822,079 | SH | | SOLE | | 822,079 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 510 | 60,100 | SH | | SOLE | | 60,100 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 10,713 | 710,863 | SH | | SOLE | | 710,863 | 0 | 0 |
NUVEEN ENHANCED MUN CREDIT O | COM SH BEN INT | 67070X101 | 6,519 | 414,189 | SH | | SOLE | | 414,189 | 0 | 0 |
NUVEEN ENHANCED AMT FREE MUN | COM | 67071L106 | 6,034 | 375,504 | SH | | SOLE | | 375,504 | 0 | 0 |
NUVEEN DOW 30 DYN OVERWRITE | SHS | 67075F105 | 581 | 40,314 | SH | | SOLE | | 40,314 | 0 | 0 |
NUVEEN FLEXIBLE INVT INCOME | COM | 67075B104 | 1,032 | 60,084 | SH | | SOLE | | 60,084 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 793 | 71,706 | SH | | SOLE | | 71,706 | 0 | 0 |
NUVEEN GLOBAL HIGH INCOME FD | SHS | 67075G103 | 1,878 | 119,604 | SH | | SOLE | | 119,604 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 656 | 55,232 | SH | | SOLE | | 55,232 | 0 | 0 |
NUVEEN SR INCOME FD | COM | 67067Y104 | 1,098 | 167,958 | SH | | SOLE | | 167,958 | 0 | 0 |
PIMCO DYNAMIC CR INCOME FD | COM SHS | 72202D106 | 833 | 40,863 | SH | | SOLE | | 40,863 | 0 | 0 |
PIMCO INCOME OPPORTUNITY FD | COM | 72202B100 | 1,131 | 48,837 | SH | | SOLE | | 48,837 | 0 | 0 |
PIMCO MUN INCOME FD II | COM | 72200W106 | 607 | 44,453 | SH | | SOLE | | 44,453 | 0 | 0 |
PROSHARES TR | SHRT 20+YR TRE | 74347X849 | 118 | 5,625 | SH | | SOLE | | 5,625 | 0 | 0 |
PROSHARES TR | SHT 7-10 YR TR | 74348A608 | 130 | 4,735 | SH | | SOLE | | 4,735 | 0 | 0 |
PROSHARES TR | SHORT S&P 500 NE | 74347B425 | 323 | 8,480 | SH | | SOLE | | 8,480 | 0 | 0 |
PACHOLDER HIGH YIELD FD INC | COM | 693742108 | 886 | 124,310 | SH | | SOLE | | 124,310 | 0 | 0 |
PIONEER DIV HIGH INCOME TRUS | COM | 723653101 | 999 | 61,238 | SH | | SOLE | | 61,238 | 0 | 0 |
PIONEER HIGH INCOME TR | COM | 72369H106 | 2,703 | 257,218 | SH | | SOLE | | 257,218 | 0 | 0 |
PIONEER MUN HIGH INCOME ADV | COM | 723762100 | 5,043 | 385,289 | SH | | SOLE | | 385,289 | 0 | 0 |
PIONEER MUN HIGH INCOME TR | COM SHS | 723763108 | 5,006 | 380,070 | SH | | SOLE | | 380,070 | 0 | 0 |
PRINCIPAL REAL ESTATE INCOME | SH BEN INT | 74255X104 | 1,078 | 61,097 | SH | | SOLE | | 61,097 | 0 | 0 |
PRUDENTIAL SHT DURATION HG Y | COM | 74442F107 | 358 | 22,364 | SH | | SOLE | | 22,364 | 0 | 0 |
PUTNAM MANAGED MUN INCOM TR | COM | 746823103 | 4,174 | 523,693 | SH | | SOLE | | 523,693 | 0 | 0 |
PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 | 4,792 | 359,205 | SH | | SOLE | | 359,205 | 0 | 0 |
SPDR SERIES TRUST | NUV HGHYLD MUN | 78464A284 | 1,424 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
SALIENT MIDSTREAM & MLP FD | SH BEN INT | 79471V105 | 145 | 11,400 | SH | | SOLE | | 11,400 | 0 | 0 |
VANECK VECTORS ETF TR | BDC INCOME ETF | 92189F411 | 110 | 6,200 | SH | | SOLE | | 6,200 | 0 | 0 |
VANECK VECTORS ETF TR | HIGH YLD MUN ETF | 92189F361 | 3,799 | 117,800 | SH | | SOLE | | 117,800 | 0 | 0 |
VIRTUS GLOBAL MULTI-SEC INC | COM | 92829B101 | 238 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 373 | 36,813 | SH | | SOLE | | 36,813 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 439 | 60,468 | SH | | SOLE | | 60,468 | 0 | 0 |
VOYA INFRASTRUCTURE INDLS & MT | COM | 92912X101 | 1,001 | 74,247 | SH | | SOLE | | 74,247 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 1,036 | 196,300 | SH | | SOLE | | 196,300 | 0 | 0 |
WELLS FARGO INCOME OPPORTUNI | COM SHS | 94987B105 | 1,588 | 189,942 | SH | | SOLE | | 189,942 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 212 | 19,800 | SH | | SOLE | | 19,800 | 0 | 0 |
WESTERN ASSET GLB HI INCOME | COM | 95766B109 | 243 | 23,810 | SH | | SOLE | | 23,810 | 0 | 0 |
WESTERN ASSET HIGH INCM FD I | COM | 95766J102 | 2,725 | 379,545 | SH | | SOLE | | 379,545 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 600 | 56,888 | SH | | SOLE | | 56,888 | 0 | 0 |
WESTERN ASST MNGD MUN FD INC | COM | 95766M105 | 826 | 54,506 | SH | | SOLE | | 54,506 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 217 | 16,180 | SH | | SOLE | | 16,180 | 0 | 0 |