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-PAC INCOME FD | Closed-End Fund | 003009107 | 5 | 1,570 | SH | | SOLE | | 1,570 | 0 | 0 |
APOLLO SENIOR FLOATING RATE | Closed-End Fund | 037636107 | 1,150 | 99,021 | SH | | SOLE | | 99,021 | 0 | 0 |
APOLLO TACTICAL INCOME FUND | Closed-End Fund | 037638103 | 558 | 49,251 | SH | | SOLE | | 49,251 | 0 | 0 |
ARES DYNAMIC CREDIT ALLOCATI | Closed-End Fund | 04014F102 | 917 | 84,973 | SH | | SOLE | | 84,973 | 0 | 0 |
BLACKROCK CALIFOR MUNI IN TR | Closed-End Fund | 09248E102 | 670 | 52,825 | SH | | SOLE | | 52,825 | 0 | 0 |
BLACKROCK INVT QUALITY MUNI | Closed-End Fund | 09247D105 | 3 | 185 | SH | | SOLE | | 185 | 0 | 0 |
BLACKROCK LNG-TM MUN ADV TST | Closed-End Fund | 09250B103 | 546 | 48,668 | SH | | SOLE | | 48,668 | 0 | 0 |
BLACKROCK MUNIENHANCED FUND | Closed-End Fund | 09253Y100 | 5,837 | 547,515 | SH | | SOLE | | 547,515 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QUALI | Closed-End Fund | 09254P108 | 8,538 | 652,723 | SH | | SOLE | | 652,723 | 0 | 0 |
BLACKROCK MUNIHOLDINGS NJ QU | Closed-End Fund | 09254X101 | 1,500 | 113,748 | SH | | SOLE | | 113,748 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QUALI | Closed-End Fund | 09254A101 | 1,030 | 86,152 | SH | | SOLE | | 86,152 | 0 | 0 |
BLACKROCK MUNIVEST FUND II | Closed-End Fund | 09253T101 | 2,320 | 170,713 | SH | | SOLE | | 170,713 | 0 | 0 |
BLACKROCK MUNIVEST FUND | Closed-End Fund | 09253R105 | 10,859 | 1,340,593 | SH | | SOLE | | 1,340,593 | 0 | 0 |
BLACKROCK MUNIYIELD CALI FD | Closed-End Fund | 09254M105 | 3,540 | 267,555 | SH | | SOLE | | 267,555 | 0 | 0 |
BLACKROCK MUNIYIELD CA QUALI | Closed-End Fund | 09254N103 | 2,652 | 196,002 | SH | | SOLE | | 196,002 | 0 | 0 |
BLACKROCK MUNIYIELD FUND | Closed-End Fund | 09253W104 | 2,950 | 232,131 | SH | | SOLE | | 232,131 | 0 | 0 |
BLACKROCK MUNIYIELD MI QUALI | Closed-End Fund | 09254V105 | 6,442 | 486,182 | SH | | SOLE | | 486,182 | 0 | 0 |
BLACKROCK MUNIYIELD PENNSYLV | Closed-End Fund | 09255G107 | 1,330 | 99,093 | SH | | SOLE | | 99,093 | 0 | 0 |
BLACKROCK MUNIYIELD QUAL II | Closed-End Fund | 09254G108 | 1,751 | 141,769 | SH | | SOLE | | 141,769 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | Closed-End Fund | 09254E103 | 3 | 210 | SH | | SOLE | | 210 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | Closed-End Fund | 09254F100 | 6,660 | 457,709 | SH | | SOLE | | 457,709 | 0 | 0 |
BLACKROCK MUNICIPAL INC TRST | Closed-End Fund | 09248F109 | 1,365 | 105,343 | SH | | SOLE | | 105,343 | 0 | 0 |
BLACKSTONE/GSO STRATEGIC C | Closed-End Fund | 09257R101 | 155 | 14,937 | SH | | SOLE | | 14,937 | 0 | 0 |
BLACKSTONE/GSO LONG-SHORT CR | Closed-End Fund | 09257D102 | 1,025 | 97,220 | SH | | SOLE | | 97,220 | 0 | 0 |
BROOKFIELD REAL ASSETS INCOM | Closed-End Fund | 112830104 | 1,118 | 76,183 | SH | | SOLE | | 76,183 | 0 | 0 |
DWS MUNICIPAL INCOME TRUST | Closed-End Fund | 233368109 | 4,812 | 446,340 | SH | | SOLE | | 446,340 | 0 | 0 |
DWS STRATEGIC MUNICIPAL INCO | Closed-End Fund | 23342Q101 | 2,791 | 270,408 | SH | | SOLE | | 270,408 | 0 | 0 |
DOUBLELINE OPPORT CREDIT | Closed-End Fund | 258623107 | 6 | 340 | SH | | SOLE | | 340 | 0 | 0 |
BNYM HIGH YIELD STRAT | Closed-End Fund | 09660L105 | 941 | 414,327 | SH | | SOLE | | 414,327 | 0 | 0 |
BNYM MUNI BND INFRA | Closed-End Fund | 09662W109 | 1,348 | 108,763 | SH | | SOLE | | 108,763 | 0 | 0 |
BNYM STRAT MUNI BND | Closed-End Fund | 09662E109 | 5,314 | 741,185 | SH | | SOLE | | 741,185 | 0 | 0 |
BNYM STRAT MUNI | Closed-End Fund | 05588W108 | 1,224 | 164,240 | SH | | SOLE | | 164,240 | 0 | 0 |
EATON VANCE CA MUNI INC TRST | Closed-End Fund | 27826F101 | 300 | 22,513 | SH | | SOLE | | 22,513 | 0 | 0 |
EATON VANCE FLOAT RT INC TR | Closed-End Fund | 278279104 | 305 | 29,800 | SH | | SOLE | | 29,800 | 0 | 0 |
EATON VANCE MUNICIPAL BOND F | Closed-End Fund | 27827X101 | 3 | 225 | SH | | SOLE | | 225 | 0 | 0 |
EATON VANCE MUNICIPAL INCOME | Closed-End Fund | 27826U108 | 7,173 | 598,753 | SH | | SOLE | | 598,753 | 0 | 0 |
EATON VANCE SR FLTG RATE TR | Closed-End Fund | 27828Q105 | 968 | 97,994 | SH | | SOLE | | 97,994 | 0 | 0 |
FEDERATED PREMIER MUNI INC | Closed-End Fund | 31423P108 | 1,628 | 124,783 | SH | | SOLE | | 124,783 | 0 | 0 |
INVESCO AD MIT II | Closed-End Fund | 46132E103 | 2,046 | 199,206 | SH | | SOLE | | 199,206 | 0 | 0 |
INVESCO CA V M I | Closed-End Fund | 46132H106 | 923 | 81,476 | SH | | SOLE | | 81,476 | 0 | 0 |
INVESCO DYNAMIC CREDIT OPP | Closed-End Fund | 46132R104 | 700 | 87,770 | SH | | SOLE | | 87,770 | 0 | 0 |
INVESCO MUNICIPAL INCOME OPP | Closed-End Fund | 46132X101 | 3,792 | 551,107 | SH | | SOLE | | 551,107 | 0 | 0 |
INVESCO QUALITY MUNI INC TR | Closed-End Fund | 46133G107 | 3,756 | 320,777 | SH | | SOLE | | 320,777 | 0 | 0 |
INVESCO SENIOR INCOME TRUST | Closed-End Fund | 46131H107 | 117 | 36,300 | SH | | SOLE | | 36,300 | 0 | 0 |
INVESCO TAXABLE MUNICIPAL BO | ETP | 46138G805 | 173 | 5,600 | SH | | SOLE | | 5,600 | 0 | 0 |
INVESCO TRUST FOR INVESTMEN | Closed-End Fund | 46131M106 | 3,554 | 293,940 | SH | | SOLE | | 293,940 | 0 | 0 |
INVESCO TRUST FOR INVESTMENT | Closed-End Fund | 46131T101 | 339 | 28,000 | SH | | SOLE | | 28,000 | 0 | 0 |
INVESCO VALUE MUNICIPAL INCO | Closed-End Fund | 46132P108 | 2,143 | 151,555 | SH | | SOLE | | 151,555 | 0 | 0 |
IVY HIGH INCOME OPPORTUNITY | Closed-End Fund | 465893105 | 1,185 | 113,925 | SH | | SOLE | | 113,925 | 0 | 0 |
JOHN HANCOCK INVEST TRUST | Closed-End Fund | 410142103 | 512 | 40,733 | SH | | SOLE | | 40,733 | 0 | 0 |
KKR INCOME OPPORTUNITIES | Closed-End Fund | 48249T106 | 173 | 16,212 | SH | | SOLE | | 16,212 | 0 | 0 |
MFS MUNICIPAL INCOME TRUST | Closed-End Fund | 552738106 | 813 | 127,182 | SH | | SOLE | | 127,182 | 0 | 0 |
NEW AMERICA HIGH INCOME FUND | Closed-End Fund | 641876800 | 1,001 | 144,207 | SH | | SOLE | | 144,207 | 0 | 0 |
NUVEEN AZ QUAL MUNI INC FD | Closed-End Fund | 67061W104 | 1,773 | 143,019 | SH | | SOLE | | 143,019 | 0 | 0 |
NUVEEN CA AMT-FR MUNI INC FD | Closed-End Fund | 670651108 | 394 | 27,831 | SH | | SOLE | | 27,831 | 0 | 0 |
NUVEEN CA QUAL MUNI INC FD | Closed-End Fund | 67066Y105 | 1,629 | 119,023 | SH | | SOLE | | 119,023 | 0 | 0 |
NUVEEN CREDIT STRAT INCM | Closed-End Fund | 67073D102 | 211 | 37,264 | SH | | SOLE | | 37,264 | 0 | 0 |
NUVEEN AMT-FR MUNI CREDIT FD | Closed-End Fund | 67071L106 | 9,055 | 616,825 | SH | | SOLE | | 616,825 | 0 | 0 |
NUVEEN FLT RATE INC OPP FD | Closed-End Fund | 6706EN100 | 6 | 790 | SH | | SOLE | | 790 | 0 | 0 |
NUVEEN GA QUAL MUNI INC FD | Closed-End Fund | 67072B107 | 401 | 33,748 | SH | | SOLE | | 33,748 | 0 | 0 |
NUVEEN MD QUAL MUNI INC FD | Closed-End Fund | 67061Q107 | 1,922 | 152,203 | SH | | SOLE | | 152,203 | 0 | 0 |
NUVEEN MI QUAL MUNI INC FD | Closed-End Fund | 670979103 | 2,407 | 179,393 | SH | | SOLE | | 179,393 | 0 | 0 |
NUVEEN MUNI CREDIT INC FD | Closed-End Fund | 67070X101 | 8,122 | 577,235 | SH | | SOLE | | 577,235 | 0 | 0 |
NUVEEN MUNI HIGH INC OPP FD | Closed-End Fund | 670682103 | 9,960 | 799,997 | SH | | SOLE | | 799,997 | 0 | 0 |
NUVEEN NJ QUAL MUNI INC FD | Closed-End Fund | 67069Y102 | 5,526 | 411,147 | SH | | SOLE | | 411,147 | 0 | 0 |
NUVEEN OH QUAL MUNI INC FD | Closed-End Fund | 670980101 | 2,436 | 165,349 | SH | | SOLE | | 165,349 | 0 | 0 |
NUVEEN PA QUAL MUNI INC FD | Closed-End Fund | 670972108 | 2,557 | 192,144 | SH | | SOLE | | 192,144 | 0 | 0 |
NUVEEN QUAL MUNI INCOME FD | Closed-End Fund | 67066V101 | 5,156 | 375,251 | SH | | SOLE | | 375,251 | 0 | 0 |
PIMCO CALIFORNIA MUNICIP III | Closed-End Fund | 72201C109 | 322 | 33,065 | SH | | SOLE | | 33,065 | 0 | 0 |
PIMCO HIGH INCOME FUND | Closed-End Fund | 722014107 | 1,359 | 277,399 | SH | | SOLE | | 277,399 | 0 | 0 |
PIMCO MUNICIPAL INCOME FUND | Closed-End Fund | 72200R107 | 4,603 | 364,187 | SH | | SOLE | | 364,187 | 0 | 0 |
PIMCO MUNICIPAL INCOME FD II | Closed-End Fund | 72200W106 | 2,263 | 178,900 | SH | | SOLE | | 178,900 | 0 | 0 |
PIMCO MUNI INCOME FUND III | Closed-End Fund | 72201A103 | 3,589 | 337,926 | SH | | SOLE | | 337,926 | 0 | 0 |
PIMCO NEW YORK MUNICIPAL II | Closed-End Fund | 72200Y102 | 3,008 | 307,871 | SH | | SOLE | | 307,871 | 0 | 0 |
PROSHARES TR | SHORT 20+ TRE | 74347X849 | 1 | 50 | SH | | SOLE | | 50 | 0 | 0 |
PROSHARES TR | SHORT 7-10 YR TR | 74348A608 | 1 | 50 | SH | | SOLE | | 50 | 0 | 0 |
PROSHARES TR | SHORT S&P 500 NE | 74347B425 | 6 | 200 | SH | | SOLE | | 200 | 0 | 0 |
PIONEER HIGH INCOME TRUST | Closed-End Fund | 72369H106 | 1,018 | 158,613 | SH | | SOLE | | 158,613 | 0 | 0 |
PIONEER MUNI HI INC ADV TRST | Closed-End Fund | 723762100 | 6,733 | 661,350 | SH | | SOLE | | 661,350 | 0 | 0 |
PIONEER MUNI HI INCOME TRUST | Closed-End Fund | 723763108 | 5,822 | 514,342 | SH | | SOLE | | 514,342 | 0 | 0 |
PROSHARES SHORT DOW30 | ETP | 74347B235 | 3 | 50 | SH | | SOLE | | 50 | 0 | 0 |
PGIM HIGH YIELD BOND FUND | Closed-End Fund | 69346H100 | 1,436 | 124,018 | SH | | SOLE | | 124,018 | 0 | 0 |
RIVERNORTH OPPORT MUNI INC | Closed-End Fund | 76883F108 | 385 | 19,130 | SH | | SOLE | | 19,130 | 0 | 0 |
SPDR BBG BARC HIGH YIELD BND | ETP | 78468R622 | 900 | 9,500 | SH | | SOLE | | 9,500 | 0 | 0 |
VANECK HIGH-YIELD MUNICIPAL | ETP | 92189H409 | 2,618 | 50,088 | SH | | SOLE | | 50,088 | 0 | 0 |
VANGUARD FTSE EMERGING MARKE | ETP | 922042858 | 37 | 1,100 | SH | | SOLE | | 1,100 | 0 | 0 |
VANGUARD TOT WORLD STK ETF | ETP | 922042742 | 193 | 3,075 | SH | | SOLE | | 3,075 | 0 | 0 |
WESTERN ASSET HIGH INC II | Closed-End Fund | 95766J102 | 1,325 | 264,496 | SH | | SOLE | | 264,496 | 0 | 0 |
WESTERN ASSET HI INC OPPORT | Closed-End Fund | 95766K109 | 113 | 26,900 | SH | | SOLE | | 26,900 | 0 | 0 |
WESTERN ASSET MANAGED MUNICI | Closed-End Fund | 95766M105 | 5,749 | 480,716 | SH | | SOLE | | 480,716 | 0 | 0 |
ISHARES AAA - A RATED CORPOR | ETP | 46429B291 | 176 | 3,200 | SH | | SOLE | | 3,200 | 0 | 0 |
ISHARES MBS ETF | ETP | 464288588 | 331 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
ISHARES RUSSELL 2000 ETF | ETP | 464287655 | 26 | 230 | SH | | SOLE | | 230 | 0 | 0 |
ISHARES RUSSELL MID-CAP ETF | ETP | 464287499 | 27 | 620 | SH | | SOLE | | 620 | 0 | 0 |
ISHARES TIPS BOND ETF | ETP | 464287176 | 109 | 925 | SH | | SOLE | | 925 | 0 | 0 |