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 Income Fund Inc | COM | 003009107 | 135 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
AllianceBernstein National Municipal Incom | COM | 01864U106 | 4,815 | 396,961 | SH | | SOLE | | 396,961 | 0 | 0 |
Alpine Global Premier Properties Fund | COM | 00302L108 | 40 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
Apollo Tactical Income Fund Inc | COM | 037638103 | 752 | 54,623 | SH | | SOLE | | 54,623 | 0 | 0 |
Ares Dynamic Credit Allocation Fund Inc | COM | 04014F102 | 1,367 | 99,073 | SH | | SOLE | | 99,073 | 0 | 0 |
BlackRock Investment Quality Municipal Tru | COM | 09247D105 | 4,150 | 314,172 | SH | | SOLE | | 314,172 | 0 | 0 |
BlackRock Muni Intermediate Duration Fund | COM | 09253X102 | 9,239 | 730,380 | SH | | SOLE | | 730,380 | 0 | 0 |
BlackRock MuniEnhanced Fund Inc | COM | 09253Y100 | 7,391 | 746,539 | SH | | SOLE | | 746,539 | 0 | 0 |
BlackRock MuniHoldings New Jersey Quality | COM | 09254X101 | 803 | 63,855 | SH | | SOLE | | 63,855 | 0 | 0 |
BlackRock MuniVest Fund II Inc | COM | 09253T101 | 729 | 55,810 | SH | | SOLE | | 55,810 | 0 | 0 |
BlackRock MuniVest Fund Inc | COM | 09253R105 | 4,182 | 506,305 | SH | | SOLE | | 506,305 | 0 | 0 |
BlackRock MuniYield California Quality Fun | COM | 09254N103 | 1,760 | 139,207 | SH | | SOLE | | 139,207 | 0 | 0 |
BlackRock MuniYield Fund Inc | COM | 09253W104 | 2,870 | 229,220 | SH | | SOLE | | 229,220 | 0 | 0 |
BlackRock MuniYield Michigan Quality Fund | COM | 09254V105 | 6,658 | 536,061 | SH | | SOLE | | 536,061 | 0 | 0 |
BlackRock MuniYield New Jersey Fund Inc | COM | 09254Y109 | 1,746 | 134,864 | SH | | SOLE | | 134,864 | 0 | 0 |
BlackRock MuniYield Quality Fund II Inc | COM | 09254G108 | 4,065 | 355,602 | SH | | SOLE | | 355,602 | 0 | 0 |
BlackRock MuniYield Quality Fund III Inc | COM | 09254E103 | 11,184 | 928,145 | SH | | SOLE | | 928,145 | 0 | 0 |
BlackRock MuniYield Quality Fund Inc | COM | 09254F100 | 3,778 | 291,033 | SH | | SOLE | | 291,033 | 0 | 0 |
BlackRock Municipal Income Quality Trust | COM | 092479104 | 683 | 54,700 | SH | | SOLE | | 54,700 | 0 | 0 |
BlackRock Municipal Income Trust | COM | 09248F109 | 4,663 | 382,558 | SH | | SOLE | | 382,558 | 0 | 0 |
BlackRock Municipal Income Trust II | COM | 09249N101 | 698 | 54,104 | SH | | SOLE | | 54,104 | 0 | 0 |
BlackRock Strategic Municipal Trust | COM | 09248T109 | 1,197 | 100,512 | SH | | SOLE | | 100,512 | 0 | 0 |
BlackRock Taxable Municipal Bond Trust | COM | 09248X100 | 53 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
Brookfield Real Assets Income Fund | COM | 112830104 | 1,539 | 80,683 | SH | | SOLE | | 80,683 | 0 | 0 |
Deutsche Strategic Municipal Income Trust | COM | 23342Q101 | 2,916 | 282,522 | SH | | SOLE | | 282,522 | 0 | 0 |
DoubleLine Income Solutions Fund | COM | 258622109 | 1,142 | 65,890 | SH | | SOLE | | 65,890 | 0 | 0 |
DoubleLine Opportunistic Credit Fund | COM | 258623107 | 1,727 | 91,124 | SH | | SOLE | | 91,124 | 0 | 0 |
Dreyfus Municipal Bond Infrastructure Fund | COM | 26203D101 | 3,361 | 283,188 | SH | | SOLE | | 283,188 | 0 | 0 |
Dreyfus Municipal Income Inc | COM | 26201R102 | 3,504 | 459,904 | SH | | SOLE | | 459,904 | 0 | 0 |
Dreyfus Strategic Municipal Bond Fund Inc | COM | 26202F107 | 5,518 | 790,598 | SH | | SOLE | | 790,598 | 0 | 0 |
Dreyfus Strategic Municipals Inc | COM | 261932107 | 9,891 | 1,377,639 | SH | | SOLE | | 1,377,639 | 0 | 0 |
Eaton Vance California Municipal Bond Fund | COM | 27828A100 | 1,215 | 122,705 | SH | | SOLE | | 122,705 | 0 | 0 |
Eaton Vance Floating-Rate Income Trust | COM | 278279104 | 97 | 7,627 | SH | | SOLE | | 7,627 | 0 | 0 |
Eaton Vance Municipal Bond Fund | COM | 27827X101 | 9,642 | 854,007 | SH | | SOLE | | 854,007 | 0 | 0 |
Eaton Vance Municipal Income Trust | COM | 27826U108 | 5,949 | 526,020 | SH | | SOLE | | 526,020 | 0 | 0 |
Eaton Vance Senior Floating-Rate Trust | COM | 27828Q105 | 198 | 15,775 | SH | | SOLE | | 15,775 | 0 | 0 |
Federated Premier Municipal Income Fund | COM | 31423P108 | 3,627 | 295,571 | SH | | SOLE | | 295,571 | 0 | 0 |
Fiduciary/Claymore MLP Opportunity Fund | COM | 31647Q106 | 22 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
Flaherty & Crumrine Preferred Income Fund | COM | 338480106 | 295 | 25,567 | SH | | SOLE | | 25,567 | 0 | 0 |
Flaherty & Crumrine Preferred Securities I | COM | 338478100 | 1,397 | 83,512 | SH | | SOLE | | 83,512 | 0 | 0 |
Flaherty & Crumrine Total Return Fund Inc | COM | 338479108 | 531 | 30,830 | SH | | SOLE | | 30,830 | 0 | 0 |
Invesco Adv Municipal Income Trust II | COM | 46132E103 | 4,198 | 425,361 | SH | | SOLE | | 425,361 | 0 | 0 |
Invesco California Value Municipal Income | COM | 46132H106 | 1,874 | 165,729 | SH | | SOLE | | 165,729 | 0 | 0 |
Invesco Dynamic Credit Opportunities Fund | COM | 46132R104 | 113 | 11,000 | SH | | SOLE | | 11,000 | 0 | 0 |
Invesco Municipal Trust | COM | 46131J103 | 1,619 | 145,294 | SH | | SOLE | | 145,294 | 0 | 0 |
Invesco Pennsylvania Value Municipal Incom | COM | 46132K109 | 1,269 | 109,265 | SH | | SOLE | | 109,265 | 0 | 0 |
Invesco Quality Municipal Income Trust | COM | 46133G107 | 8,550 | 762,050 | SH | | SOLE | | 762,050 | 0 | 0 |
Invesco Trust for Investment Grade Municip | COM | 46131M106 | 5,082 | 442,659 | SH | | SOLE | | 442,659 | 0 | 0 |
Invesco Trust for Investment Grade New Yor | COM | 46131T101 | 1,641 | 137,445 | SH | | SOLE | | 137,445 | 0 | 0 |
Invesco Value Municipal Income Trust | COM | 46132P108 | 5,412 | 400,307 | SH | | SOLE | | 400,307 | 0 | 0 |
John Hancock Investors Trust | COM | 410142103 | 620 | 43,877 | SH | | SOLE | | 43,877 | 0 | 0 |
KKR Income Opportunities Fund | COM | 48249T106 | 1,636 | 114,827 | SH | | SOLE | | 114,827 | 0 | 0 |
Kayne Anderson MLP Investment Co | COM | 486606106 | 41 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
MFS High Income Municipal Trust | COM | 59318D104 | 392 | 84,754 | SH | | SOLE | | 84,754 | 0 | 0 |
MFS High Yield Municipal Trust | COM | 59318E102 | 1,623 | 389,213 | SH | | SOLE | | 389,213 | 0 | 0 |
MFS Investment Grade Municipal Trust | COM | 59318B108 | 1,613 | 183,755 | SH | | SOLE | | 183,755 | 0 | 0 |
MFS Municipal Income Trust | COM | 552738106 | 2,614 | 425,735 | SH | | SOLE | | 425,735 | 0 | 0 |
Neuberger Berman High Yield Strategies Fun | COM | 64128C106 | 1,520 | 157,137 | SH | | SOLE | | 157,137 | 0 | 0 |
Neuberger Berman Intermediate Municipal Fu | COM | 64124P101 | 4,023 | 317,749 | SH | | SOLE | | 317,749 | 0 | 0 |
New America High Income Fund Inc/The | COM | 641876800 | 316 | 41,738 | SH | | SOLE | | 41,738 | 0 | 0 |
Nuveen AMT-Free Municipal Income Fund | COM | 670657105 | 10,423 | 846,709 | SH | | SOLE | | 846,709 | 0 | 0 |
Nuveen Arizona Premium Income Municipal Fu | COM | 67061W104 | 1,009 | 85,079 | SH | | SOLE | | 85,079 | 0 | 0 |
Nuveen California Dividend Advantage Munic | COM | 67066Y105 | 8,193 | 642,569 | SH | | SOLE | | 642,569 | 0 | 0 |
Nuveen Dividend Advantage Municipal Income | COM | 67071L106 | 10,812 | 773,373 | SH | | SOLE | | 773,373 | 0 | 0 |
Nuveen Floating Rate Income Fund | COM | 67072T108 | 588 | 63,730 | SH | | SOLE | | 63,730 | 0 | 0 |
Nuveen Floating Rate Income Opportunity Fu | COM | 6706EN100 | 340 | 37,690 | SH | | SOLE | | 37,690 | 0 | 0 |
Nuveen Municipal Credit Income Fund | COM | 67070X101 | 3,437 | 256,116 | SH | | SOLE | | 256,116 | 0 | 0 |
Nuveen Municipal High Income Opportunity F | COM | 670682103 | 9,102 | 781,927 | SH | | SOLE | | 781,927 | 0 | 0 |
Nuveen New Jersey Dividend Advantage Munic | COM | 67069Y102 | 4,462 | 350,223 | SH | | SOLE | | 350,223 | 0 | 0 |
Nuveen New York AMT-Free Municipal Income | COM | 670656107 | 1,987 | 170,584 | SH | | SOLE | | 170,584 | 0 | 0 |
Nuveen Pennsylvania Investment Quality Mun | COM | 670972108 | 2,589 | 212,247 | SH | | SOLE | | 212,247 | 0 | 0 |
Nuveen Quality Municipal Income Fund | COM | 67066V101 | 12,923 | 1,030,510 | SH | | SOLE | | 1,030,510 | 0 | 0 |
Nuveen Real Asset Income and Growth Fund | COM | 67074Y105 | 692 | 50,741 | SH | | SOLE | | 50,741 | 0 | 0 |
Nuveen Short Duration Credit Opportunities | COM | 67074X107 | 231 | 16,113 | SH | | SOLE | | 16,113 | 0 | 0 |
Nuveen Virginia Premium Income Municipal F | COM | 67064R102 | 721 | 61,526 | SH | | SOLE | | 61,526 | 0 | 0 |
PIMCO Dynamic Credit Income Fund | COM | 72202D106 | 991 | 47,086 | SH | | SOLE | | 47,086 | 0 | 0 |
PROSHARES TR | SHRT 20+ YR TRE | 74347X849 | 90 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
PROSHARES TR | SHT 7-10 YR TR | 74348A608 | 114 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
PROSHARES TR | SHORT S&P 500 NE | 74347B425 | 235 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
Pioneer Diversified High Income Trust | COM | 723653101 | 1,204 | 92,604 | SH | | SOLE | | 92,604 | 0 | 0 |
Pioneer High Income Trust | COM | 72369H106 | 1,564 | 196,275 | SH | | SOLE | | 196,275 | 0 | 0 |
Pioneer Municipal High Income Advantage Tr | COM | 723762100 | 2,787 | 273,260 | SH | | SOLE | | 273,260 | 0 | 0 |
Pioneer Municipal High Income Trust | COM | 723763108 | 6,297 | 574,563 | SH | | SOLE | | 574,563 | 0 | 0 |
Principal Real Estate Income Fund | COM | 74255X104 | 1,670 | 100,965 | SH | | SOLE | | 100,965 | 0 | 0 |
ProShares Short Dow30 | COM | 74347B235 | 153 | 2,500 | SH | | SOLE | | 2,500 | 0 | 0 |
Prudential Global Short Duration High Yiel | COM | 69346J106 | 214 | 16,568 | SH | | SOLE | | 16,568 | 0 | 0 |
Prudential Short Duration High Yield Fund | COM | 69346H100 | 709 | 54,418 | SH | | SOLE | | 54,418 | 0 | 0 |
Putnam Managed Municipal Income Trust | COM | 746823103 | 6,515 | 969,526 | SH | | SOLE | | 969,526 | 0 | 0 |
Putnam Municipal Opportunities Trust | COM | 746922103 | 10,236 | 911,466 | SH | | SOLE | | 911,466 | 0 | 0 |
Wells Fargo Income Opportunities Fund | COM | 94987B105 | 1,273 | 176,090 | SH | | SOLE | | 176,090 | 0 | 0 |
Western Asset Emerging Markets Income Fund | COM | 95766A101 | 49 | 4,000 | SH | | SOLE | | 4,000 | 0 | 0 |
Western Asset Global High Income Fund Inc | COM | 95766B109 | 83 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
Western Asset High Income Fund II Inc | COM | 95766J102 | 1,646 | 285,806 | SH | | SOLE | | 285,806 | 0 | 0 |
Western Asset Intermediate Muni Fund Inc | COM | 958435109 | 1,054 | 126,251 | SH | | SOLE | | 126,251 | 0 | 0 |
Western Asset Premier Bond Fund | COM | 957664105 | 151 | 12,500 | SH | | SOLE | | 12,500 | 0 | 0 |