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 | 223 | 48,150 | SH | | SOLE | | 48,150 | 0 | 0 |
ADVENT CLAY CONV SEC INC FD | COM | 007639107 | 482 | 81,912 | SH | | SOLE | | 81,912 | 0 | 0 |
ADVENT CLAYMORE CV SECS & IN | COM | 00764C109 | 1,201 | 81,808 | SH | | SOLE | | 81,808 | 0 | 0 |
ALLIANZGI CONV & INCOME FD | COM | 018828103 | 162 | 25,400 | SH | | SOLE | | 25,400 | 0 | 0 |
ALLIANZGI CONV & INCOME FD I | COM | 018825109 | 2,654 | 464,826 | SH | | SOLE | | 464,826 | 0 | 0 |
ALPINE GLOBAL PREMIER PPTYS | COM SBI | 02083A103 | 1,185 | 231,058 | SH | | SOLE | | 231,058 | 0 | 0 |
APOLLO SR FLOATING RATE FD I | COM | 037636107 | 1,850 | 106,333 | SH | | SOLE | | 106,333 | 0 | 0 |
ARES DYNAMIC CR ALLOCATION F | COM | 04014F102 | 2,728 | 180,928 | SH | | SOLE | | 180,928 | 0 | 0 |
BARINGS GLOBAL SHORT DURATIO | COM | 06760L100 | 201 | 10,476 | SH | | SOLE | | 10,476 | 0 | 0 |
BLACKROCK CORPOR HI YLD FD I | COM | 09255P107 | 1,613 | 148,919 | SH | | SOLE | | 148,919 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 259 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
BLACKROCK INVT QUALITY MUN T | COM | 09247D105 | 2,389 | 162,647 | SH | | SOLE | | 162,647 | 0 | 0 |
BLACKROCK LTD DURATION INC T | COM SHS | 09249W101 | 1,168 | 77,027 | SH | | SOLE | | 77,027 | 0 | 0 |
BLACKROCK MUNIASSETS FD INC | COM | 09254J102 | 723 | 53,700 | SH | | SOLE | | 53,700 | 0 | 0 |
BLACKROCK MUNIENHANCED FD IN | COM | 09253Y100 | 1,940 | 172,159 | SH | | SOLE | | 172,159 | 0 | 0 |
BLACKROCK MUNIHOLDINGS FD IN | COM | 09253N104 | 1,706 | 105,441 | SH | | SOLE | | 105,441 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 2,180 | 154,170 | SH | | SOLE | | 154,170 | 0 | 0 |
BLACKROCK MUNIY QUALITY FD I | COM | 09254G108 | 3,195 | 249,441 | SH | | SOLE | | 249,441 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 3,356 | 245,882 | SH | | SOLE | | 245,882 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254F100 | 4,248 | 288,565 | SH | | SOLE | | 288,565 | 0 | 0 |
BLACKROCK MUNICIPL INC QLTY | COM | 092479104 | 2,231 | 160,647 | SH | | SOLE | | 160,647 | 0 | 0 |
BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | 4,497 | 324,932 | SH | | SOLE | | 324,932 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 4,733 | 325,545 | SH | | SOLE | | 325,545 | 0 | 0 |
BLACKSTONE GSO STRATEGIC CR | COM SHS BEN IN | 09257R101 | 3,044 | 198,408 | SH | | SOLE | | 198,408 | 0 | 0 |
BLACKSTONE GSO LNG SHRT CR I | COM SHS BN INT | 09257D102 | 1,277 | 80,195 | SH | | SOLE | | 80,195 | 0 | 0 |
BROOKFIELD REAL ASSETS INCOM | SH BEN INT | 112830104 | 3,557 | 159,425 | SH | | SOLE | | 159,425 | 0 | 0 |
CALAMOS CONV & HIGH INCOME F | COM SHS | 12811P108 | 1,801 | 170,720 | SH | | SOLE | | 170,720 | 0 | 0 |
CLEARBRIDGE ENERGY MLP FD IN | COM | 184692101 | 190 | 12,242 | SH | | SOLE | | 12,242 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 197 | 22,010 | SH | | SOLE | | 22,010 | 0 | 0 |
COHEN & STEERS TOTAL RETURN | COM | 19247R103 | 168 | 13,910 | SH | | SOLE | | 13,910 | 0 | 0 |
DEUTSCHE STRATEGIC MUN | COM | 25159F102 | 789 | 65,008 | SH | | SOLE | | 65,008 | 0 | 0 |
DIVERSIFIED REAL ASSET INC F | COM SHS | 25533B108 | 958 | 61,438 | SH | | SOLE | | 61,438 | 0 | 0 |
DOUBLELINE INCOME SOLUTIONS | COM | 258622109 | 900 | 47,369 | SH | | SOLE | | 47,369 | 0 | 0 |
DREYFUS MUN BD INFRSTRCTR FD | SHS | 26203D101 | 3,329 | 271,939 | SH | | SOLE | | 271,939 | 0 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 3,072 | 355,997 | SH | | SOLE | | 355,997 | 0 | 0 |
EATON VANCE FLTG RATE INCOM | COM SHS BEN INT | 278284104 | 1,522 | 88,822 | SH | | SOLE | | 88,822 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 2,215 | 161,415 | SH | | SOLE | | 161,415 | 0 | 0 |
EATON VANCE MUN BD FD II | COM | 27827K109 | 2,644 | 214,977 | SH | | SOLE | | 214,977 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 5,882 | 468,693 | SH | | SOLE | | 468,693 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 1,669 | 119,469 | SH | | SOLE | | 119,469 | 0 | 0 |
FLAHERTY & CRUMRINE PFD INC | COM | 338480106 | 917 | 63,312 | SH | | SOLE | | 63,312 | 0 | 0 |
GABELLI EQUITY TR INC | COM | 362397101 | 221 | 40,020 | SH | | SOLE | | 40,020 | 0 | 0 |
BARCLAYS BK PLC | IPATH S&P500 VIX | 06740Q252 | 277 | 10,875 | SH | | SOLE | | 10,875 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL | SH BEN INT | 46132E103 | 4,894 | 437,719 | SH | | SOLE | | 437,719 | 0 | 0 |
INVESCO DYNAMIC CR OPP FD | COM | 46132R104 | 738 | 60,000 | SH | | SOLE | | 60,000 | 0 | 0 |
INVESCO HIGH INCOME TR II | COM | 46131F101 | 329 | 23,113 | SH | | SOLE | | 23,113 | 0 | 0 |
INVESCO MUNI INCOME OPP TRST | COM | 46132X101 | 154 | 21,499 | SH | | SOLE | | 21,499 | 0 | 0 |
INVESCO MUN TR | COM | 46131J103 | 1,033 | 84,285 | SH | | SOLE | | 84,285 | 0 | 0 |
INVESCO SR INCOME TR | COM | 46131H107 | 1,174 | 253,032 | SH | | SOLE | | 253,032 | 0 | 0 |
INVESCO TR INVT GRADE MUNS | COM | 46131M106 | 3,713 | 291,215 | SH | | SOLE | | 291,215 | 0 | 0 |
INVESCO VALUE MUN INCOME | COM | 46132P108 | 3,104 | 212,177 | SH | | SOLE | | 212,177 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 1,883 | 113,410 | SH | | SOLE | | 113,410 | 0 | 0 |
HANCOCK JOHN PFD INCOME FD I | COM | 41021P103 | 606 | 34,135 | SH | | SOLE | | 34,135 | 0 | 0 |
KAYNE ANDERSON MLP INVT CO | COM | 486606106 | 464 | 23,698 | SH | | SOLE | | 23,698 | 0 | 0 |
MFS HIGH INCOME MUN TR | SH BEN INT | 59318D104 | 2,274 | 464,107 | SH | | SOLE | | 464,107 | 0 | 0 |
MFS HIGH YIELD MUN TR | SH BEN INT | 59318E102 | 867 | 196,102 | SH | | SOLE | | 196,102 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 2,572 | 387,915 | SH | | SOLE | | 387,915 | 0 | 0 |
MACQUARIE FT TR GB INF UT DI | COM | 55607W100 | 221 | 19,413 | SH | | SOLE | | 19,413 | 0 | 0 |
MAINSTAY DEFINEDTERM MN OPP | COM | 56064K100 | 2,793 | 152,597 | SH | | SOLE | | 152,597 | 0 | 0 |
NEUBERGER BERMAN HGH YLD FD | COM | 64128C106 | 1,988 | 170,350 | SH | | SOLE | | 170,350 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | 10,967 | 822,079 | SH | | SOLE | | 822,079 | 0 | 0 |
NUVEEN CR STRATEGIES INCM FD | COM SHS | 67073D102 | 532 | 60,100 | SH | | SOLE | | 60,100 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 9,924 | 710,863 | SH | | SOLE | | 710,863 | 0 | 0 |
NUVEEN ENHANCED MUN CREDIT O | COM SH BEN INT | 67070X101 | 5,857 | 414,189 | SH | | SOLE | | 414,189 | 0 | 0 |
NUVEEN ENHANCED AMT FREE MUN | COM | 67071L106 | 5,430 | 375,504 | SH | | SOLE | | 375,504 | 0 | 0 |
NUVEEN DOW 30 DYN OVERWRITE | SHS | 67075F105 | 530 | 35,314 | SH | | SOLE | | 35,314 | 0 | 0 |
NUVEEN FLEXIBLE INVT INCOME | COM | 67075B104 | 337 | 20,264 | SH | | SOLE | | 20,264 | 0 | 0 |
NUVEEN GLOBAL HIGH INCOME FD | SHS | 67075G103 | 1,912 | 119,604 | SH | | SOLE | | 119,604 | 0 | 0 |
NUVEEN PFD AND INC TERM FD | COM | 67075A106 | 1,031 | 44,968 | SH | | SOLE | | 44,968 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 595 | 55,232 | SH | | SOLE | | 55,232 | 0 | 0 |
PIMCO DYNAMIC CR INCOME FD | COM SHS | 72202D106 | 826 | 40,863 | SH | | SOLE | | 40,863 | 0 | 0 |
PIMCO INCOME OPPORTUNITY FD | COM | 72202B100 | 1,131 | 48,837 | SH | | SOLE | | 48,837 | 0 | 0 |
PROSHARES TR | SHRT 20+YR TRE | 74347X849 | 119 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
PROSHARES TR | SHT 7-10 YR TR | 74348A608 | 116 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
PROSHARES TR | SHORT S&P 500 NE | 74347B425 | 310 | 8,480 | SH | | SOLE | | 8,480 | 0 | 0 |
PACHOLDER HIGH YIELD FD INC | COM | 693742108 | 895 | 124,310 | SH | | SOLE | | 124,310 | 0 | 0 |
PIONEER DIV HIGH INCOME TRUS | COM | 723653101 | 981 | 61,238 | SH | | SOLE | | 61,238 | 0 | 0 |
PIONEER HIGH INCOME TR | COM | 72369H106 | 2,825 | 276,718 | SH | | SOLE | | 276,718 | 0 | 0 |
PIONEER MUN HIGH INCOME ADV | COM | 723762100 | 4,727 | 400,237 | SH | | SOLE | | 400,237 | 0 | 0 |
PIONEER MUN HIGH INCOME TR | COM SHS | 723763108 | 5,588 | 470,765 | SH | | SOLE | | 470,765 | 0 | 0 |
PRINCIPAL REAL ESTATE INCOME | SH BEN INT | 74255X104 | 975 | 61,097 | SH | | SOLE | | 61,097 | 0 | 0 |
PRUDENTIAL SHT DURATION HG Y | COM | 74442F107 | 346 | 22,364 | SH | | SOLE | | 22,364 | 0 | 0 |
PUTNAM MANAGED MUN INCOM TR | COM | 746823103 | 4,070 | 575,670 | SH | | SOLE | | 575,670 | 0 | 0 |
PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 | 5,525 | 462,352 | SH | | SOLE | | 462,352 | 0 | 0 |
SALIENT MIDSTREAM & MLP FD | SH BEN INT | 79471V105 | 109 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
THL CR SR LN FD | COM | 87244R103 | 1,639 | 87,448 | SH | | SOLE | | 87,448 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 654 | 66,538 | SH | | SOLE | | 66,538 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 133 | 19,545 | SH | | SOLE | | 19,545 | 0 | 0 |
VOYA INFRASTRUCTURE INDLS & MT | COM | 92912X101 | 261 | 20,120 | SH | | SOLE | | 20,120 | 0 | 0 |
VOYA PRIME RATE TR | SH BEN INT | 92913A100 | 1,088 | 196,300 | SH | | SOLE | | 196,300 | 0 | 0 |
WELLS FARGO INCOME OPPORTUNI | COM SHS | 94987B105 | 1,611 | 189,942 | SH | | SOLE | | 189,942 | 0 | 0 |
WESTERN ASSET CORPORATE LN F | COM | 95790J102 | 599 | 53,241 | SH | | SOLE | | 53,241 | 0 | 0 |
WESTERN ASSET GLB HI INCOME | COM | 95766B109 | 234 | 23,810 | SH | | SOLE | | 23,810 | 0 | 0 |
WESTERN ASSET HIGH INCM FD I | COM | 95766J102 | 2,687 | 379,545 | SH | | SOLE | | 379,545 | 0 | 0 |
WESTERN ASST MNGD MUN FD INC | COM | 95766M105 | 231 | 16,817 | SH | | SOLE | | 16,817 | 0 | 0 |
WESTERN ASST MN PRT FD INC | COM | 95766P108 | 382 | 25,605 | SH | | SOLE | | 25,605 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 680 | 52,487 | SH | | SOLE | | 52,487 | 0 | 0 |