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 | 6 | 1,570 | SH | | SOLE | | 1,570 | 0 | 0 |
APOLLO SENIOR FLOATING RATE | Closed-End Fund | 037636107 | 1,237 | 99,021 | SH | | SOLE | | 99,021 | 0 | 0 |
APOLLO TACTICAL INCOME FUND | Closed-End Fund | 037638103 | 614 | 49,251 | SH | | SOLE | | 49,251 | 0 | 0 |
BLACKROCK CALIFOR MUNI IN TR | Closed-End Fund | 09248E102 | 2,324 | 176,297 | SH | | SOLE | | 176,297 | 0 | 0 |
BLACKROCK FLT RT INC | Closed-End Fund | 091941104 | 942 | 85,473 | SH | | SOLE | | 85,473 | 0 | 0 |
BLACKROCK LTD DURATION INC | Closed-End Fund | 09249W101 | 99 | 7,100 | SH | | SOLE | | 7,100 | 0 | 0 |
BLACKROCK LNG-TM MUN ADV TST | Closed-End Fund | 09250B103 | 942 | 79,787 | SH | | SOLE | | 79,787 | 0 | 0 |
BLACKROCK MUNI INTERM DURATI | Closed-End Fund | 09253X102 | 1,599 | 116,487 | SH | | SOLE | | 116,487 | 0 | 0 |
BLACKROCK MUNIASSETS FUND | Closed-End Fund | 09254J102 | 1,149 | 82,535 | SH | | SOLE | | 82,535 | 0 | 0 |
BLACKROCK MUNIENHANCED FUND | Closed-End Fund | 09253Y100 | 4,789 | 436,188 | SH | | SOLE | | 436,188 | 0 | 0 |
BLACKROCK MUNIHOLDINGS FUND | Closed-End Fund | 09253N104 | 5,414 | 362,370 | SH | | SOLE | | 362,370 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QUALI | Closed-End Fund | 09254P108 | 7,537 | 581,532 | SH | | SOLE | | 581,532 | 0 | 0 |
BLACKROCK MUNIHOLDINGS NJ QU | Closed-End Fund | 09254X101 | 2,163 | 160,733 | SH | | SOLE | | 160,733 | 0 | 0 |
BLACKROCK MUNIVEST FUND II | Closed-End Fund | 09253T101 | 6,701 | 496,919 | SH | | SOLE | | 496,919 | 0 | 0 |
BLACKROCK MUNIVEST FUND | Closed-End Fund | 09253R105 | 12,762 | 1,517,435 | SH | | SOLE | | 1,517,435 | 0 | 0 |
BLACKROCK MUNIYIELD CALI FD | Closed-End Fund | 09254M105 | 3,191 | 227,932 | SH | | SOLE | | 227,932 | 0 | 0 |
BLACKROCK MUNIYIELD CA QUALI | Closed-End Fund | 09254N103 | 1,006 | 72,067 | SH | | SOLE | | 72,067 | 0 | 0 |
BLACKROCK MUNIYIELD FUND | Closed-End Fund | 09253W104 | 9,815 | 719,590 | SH | | SOLE | | 719,590 | 0 | 0 |
BLACKROCK MUNIYIELD INVESTME | Closed-End Fund | 09254R104 | 511 | 38,144 | SH | | SOLE | | 38,144 | 0 | 0 |
BLACKROCK MUNIYIELD MI QUALI | Closed-End Fund | 09254V105 | 6,679 | 491,314 | SH | | SOLE | | 491,314 | 0 | 0 |
BLACKROCK MUNIYIELD NJ FUND | Closed-End Fund | 09254Y109 | 1,145 | 83,916 | SH | | SOLE | | 83,916 | 0 | 0 |
BLACKROCK MUNIYIELD PENNSYLV | Closed-End Fund | 09255G107 | 848 | 62,391 | SH | | SOLE | | 62,391 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | Closed-End Fund | 09254E103 | 175 | 13,457 | SH | | SOLE | | 13,457 | 0 | 0 |
BLACKSTONE/GSO SENIOR FLOAT | Closed-End Fund | 09256U105 | 1,253 | 97,463 | SH | | SOLE | | 97,463 | 0 | 0 |
BLACKSTONE/GSO STRATEGIC C | Closed-End Fund | 09257R101 | 209 | 18,219 | SH | | SOLE | | 18,219 | 0 | 0 |
BLACKSTONE/GSO LONG-SHORT CR | Closed-End Fund | 09257D102 | 1,175 | 97,220 | SH | | SOLE | | 97,220 | 0 | 0 |
CREDIT SUISSE HIGH YIELD BD | Closed-End Fund | 22544F103 | 1,207 | 609,806 | SH | | SOLE | | 609,806 | 0 | 0 |
DWS MUNICIPAL INCOME TRUST | Closed-End Fund | 233368109 | 7,825 | 725,851 | SH | | SOLE | | 725,851 | 0 | 0 |
DWS STRATEGIC MUNICIPAL INCO | Closed-End Fund | 23342Q101 | 3,194 | 304,208 | SH | | SOLE | | 304,208 | 0 | 0 |
DOUBLELINE OPPORT CREDIT | Closed-End Fund | 258623107 | 6 | 340 | SH | | SOLE | | 340 | 0 | 0 |
BNYM HIGH YIELD STRAT | Closed-End Fund | 09660L105 | 1,169 | 454,547 | SH | | SOLE | | 454,547 | 0 | 0 |
BNYM STRAT MUNI BND | Closed-End Fund | 09662E109 | 6,618 | 912,872 | SH | | SOLE | | 912,872 | 0 | 0 |
BNYM STRAT MUNI | Closed-End Fund | 05588W108 | 1,636 | 210,473 | SH | | SOLE | | 210,473 | 0 | 0 |
EATON VANCE FLOAT RT INC TR | Closed-End Fund | 278279104 | 342 | 29,800 | SH | | SOLE | | 29,800 | 0 | 0 |
EATON VANCE MUNICIPAL INCOME | Closed-End Fund | 27826U108 | 10,683 | 858,439 | SH | | SOLE | | 858,439 | 0 | 0 |
EATON VANCE SR FLTG RATE TR | Closed-End Fund | 27828Q105 | 1,114 | 97,679 | SH | | SOLE | | 97,679 | 0 | 0 |
INVESCO AD MIT II | Closed-End Fund | 46132E103 | 3,245 | 309,619 | SH | | SOLE | | 309,619 | 0 | 0 |
INVESCO CA V M I | Closed-End Fund | 46132H106 | 4,303 | 367,743 | SH | | SOLE | | 367,743 | 0 | 0 |
INVESCO DYNAMIC CREDIT OPP | Closed-End Fund | 46132R104 | 237 | 26,480 | SH | | SOLE | | 26,480 | 0 | 0 |
INVESCO MUNICIPAL INCOME OPP | Closed-End Fund | 46132X101 | 3,994 | 555,450 | SH | | SOLE | | 555,450 | 0 | 0 |
INVESCO MUNICIPAL OPPORTUNI | Closed-End Fund | 46132C107 | 4,608 | 386,863 | SH | | SOLE | | 386,863 | 0 | 0 |
INVESCO QUALITY MUNI INC TR | Closed-End Fund | 46133G107 | 4,860 | 405,023 | SH | | SOLE | | 405,023 | 0 | 0 |
INVESCO TAXABLE MUNICIPAL BO | ETP | 46138G805 | 184 | 5,600 | SH | | SOLE | | 5,600 | 0 | 0 |
INVESCO TRUST FOR INVESTMEN | Closed-End Fund | 46131M106 | 4,730 | 389,981 | SH | | SOLE | | 389,981 | 0 | 0 |
INVESCO TRUST FOR INVESTMENT | Closed-End Fund | 46131T101 | 2,499 | 205,871 | SH | | SOLE | | 205,871 | 0 | 0 |
INVESCO VALUE MUNICIPAL INCO | Closed-End Fund | 46132P108 | 10,824 | 749,067 | SH | | SOLE | | 749,067 | 0 | 0 |
IVY HIGH INCOME OPPORTUNITY | Closed-End Fund | 465893105 | 304 | 26,951 | SH | | SOLE | | 26,951 | 0 | 0 |
JOHN HANCOCK INVEST TRUST | Closed-End Fund | 410142103 | 614 | 39,285 | SH | | SOLE | | 39,285 | 0 | 0 |
KKR INCOME OPPORTUNITIES | Closed-End Fund | 48249T106 | 432 | 34,512 | SH | | SOLE | | 34,512 | 0 | 0 |
MFS HIGH YIELD MUNICIPAL TRU | Closed-End Fund | 59318E102 | 726 | 177,853 | SH | | SOLE | | 177,853 | 0 | 0 |
MFS MUNICIPAL INCOME TRUST | Closed-End Fund | 552738106 | 5,601 | 900,432 | SH | | SOLE | | 900,432 | 0 | 0 |
NEUBERGER BERMAN NY MUNI | Closed-End Fund | 64124K102 | 1,286 | 111,054 | SH | | SOLE | | 111,054 | 0 | 0 |
NEW AMERICA HIGH INCOME FUND | Closed-End Fund | 641876800 | 1,139 | 144,207 | SH | | SOLE | | 144,207 | 0 | 0 |
NUVEEN AZ QUAL MUNI INC FD | Closed-End Fund | 67061W104 | 1,378 | 101,171 | SH | | SOLE | | 101,171 | 0 | 0 |
NUVEEN CA QUAL MUNI INC FD | Closed-End Fund | 67066Y105 | 1,140 | 79,243 | SH | | SOLE | | 79,243 | 0 | 0 |
NUVEEN CREDIT STRAT INCM | Closed-End Fund | 67073D102 | 641 | 108,264 | SH | | SOLE | | 108,264 | 0 | 0 |
NUVEEN AMT-FR MUNI CREDIT FD | Closed-End Fund | 67071L106 | 13,750 | 896,054 | SH | | SOLE | | 896,054 | 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 | 451 | 36,848 | SH | | SOLE | | 36,848 | 0 | 0 |
NUVEEN MD QUAL MUNI INC FD | Closed-End Fund | 67061Q107 | 1,945 | 149,847 | SH | | SOLE | | 149,847 | 0 | 0 |
NUVEEN MI QUAL MUNI INC FD | Closed-End Fund | 670979103 | 4,401 | 320,549 | SH | | SOLE | | 320,549 | 0 | 0 |
NUVEEN MUNI CREDIT INC FD | Closed-End Fund | 67070X101 | 11,262 | 757,336 | SH | | SOLE | | 757,336 | 0 | 0 |
NUVEEN MUNICIPAL CREDIT OPP | Closed-End Fund | 670663103 | 2,948 | 247,123 | SH | | SOLE | | 247,123 | 0 | 0 |
NUVEEN NJ QUAL MUNI INC FD | Closed-End Fund | 67069Y102 | 7,779 | 584,890 | SH | | SOLE | | 584,890 | 0 | 0 |
NUVEEN OH QUAL MUNI INC FD | Closed-End Fund | 670980101 | 4,398 | 291,663 | SH | | SOLE | | 291,663 | 0 | 0 |
NUVEEN PA QUAL MUNI INC FD | Closed-End Fund | 670972108 | 3,702 | 272,610 | SH | | SOLE | | 272,610 | 0 | 0 |
NUVEEN QUAL MUNI INCOME FD | Closed-End Fund | 67066V101 | 4,870 | 347,271 | SH | | SOLE | | 347,271 | 0 | 0 |
PIMCO CALIFORNIA MUNICIPA II | Closed-End Fund | 72200M108 | 1,011 | 114,090 | SH | | SOLE | | 114,090 | 0 | 0 |
PIMCO CALIFORNIA MUNICIP III | Closed-End Fund | 72201C109 | 2,123 | 210,017 | SH | | SOLE | | 210,017 | 0 | 0 |
PIMCO MUNICIPAL INCOME FUND | Closed-End Fund | 72200R107 | 6,731 | 492,737 | SH | | SOLE | | 492,737 | 0 | 0 |
PIMCO MUNICIPAL INCOME FD II | Closed-End Fund | 72200W106 | 2,765 | 205,124 | SH | | SOLE | | 205,124 | 0 | 0 |
PIMCO MUNI INCOME FUND III | Closed-End Fund | 72201A103 | 5,090 | 442,981 | SH | | SOLE | | 442,981 | 0 | 0 |
PIMCO NEW YORK MUNICIPAL II | Closed-End Fund | 72200Y102 | 3,274 | 315,371 | SH | | SOLE | | 315,371 | 0 | 0 |
PROSHARES SHORT S&P500 | ETP | 74347B425 | 2 | 100 | SH | | SOLE | | 100 | 0 | 0 |
PIONEER HIGH INCOME TRUST | Closed-End Fund | 72369H106 | 1,189 | 158,663 | SH | | SOLE | | 158,663 | 0 | 0 |
PIONEER MUNI HI INC ADV TRST | Closed-End Fund | 723762100 | 7,030 | 667,625 | SH | | SOLE | | 667,625 | 0 | 0 |
PIONEER MUNI HI INCOME TRUST | Closed-End Fund | 723763108 | 6,987 | 617,808 | SH | | SOLE | | 617,808 | 0 | 0 |
PROSHARES SHORT DOW30 | ETP | 74347B235 | 2 | 50 | SH | | SOLE | | 50 | 0 | 0 |
PROSHARES SHORT RUSSELL2000 | ETP | 74348A210 | 2 | 60 | SH | | SOLE | | 60 | 0 | 0 |
PGIM HIGH YIELD BOND FUND | Closed-End Fund | 69346H100 | 1,312 | 98,501 | SH | | SOLE | | 98,501 | 0 | 0 |
RIVERNORTH OPPORT MUNI INC | Closed-End Fund | 76883F108 | 3,598 | 168,183 | SH | | SOLE | | 168,183 | 0 | 0 |
VANECK HIGH-YIELD MUNICIPAL | ETP | 92189H409 | 3 | 44 | SH | | SOLE | | 44 | 0 | 0 |
VANGUARD FTSE EMERGING MARKE | ETP | 922042858 | 44 | 1,100 | SH | | SOLE | | 1,100 | 0 | 0 |
VANGUARD TOT WORLD STK ETF | ETP | 922042742 | 231 | 3,075 | SH | | SOLE | | 3,075 | 0 | 0 |
WESTERN ASSET HIGH INC II | Closed-End Fund | 95766J102 | 1,664 | 264,496 | SH | | SOLE | | 264,496 | 0 | 0 |
WESTERN ASSET HI INC OPPORT | Closed-End Fund | 95766K109 | 819 | 175,987 | SH | | SOLE | | 175,987 | 0 | 0 |
WESTERN ASSET INTERMEDIATE | Closed-End Fund | 958435109 | 2,992 | 348,305 | SH | | SOLE | | 348,305 | 0 | 0 |
WESTERN ASSET MANAGED MUNICI | Closed-End Fund | 95766M105 | 11,780 | 980,005 | SH | | SOLE | | 980,005 | 0 | 0 |
WESTERN ASSET MUNICIPAL HIGH | Closed-End Fund | 95766N103 | 478 | 66,768 | SH | | SOLE | | 66,768 | 0 | 0 |
WESTERN ASSET MUNICIPAL PART | Closed-End Fund | 95766P108 | 160 | 11,300 | SH | | SOLE | | 11,300 | 0 | 0 |
ISHARES AAA - A RATED CORPOR | ETP | 46429B291 | 185 | 3,200 | SH | | SOLE | | 3,200 | 0 | 0 |
ISHARES MBS ETF | ETP | 464288588 | 332 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
ISHARES NATIONAL MUNI BOND E | ETP | 464288414 | 3 | 24 | SH | | SOLE | | 24 | 0 | 0 |
ISHARES RUSSELL 2000 ETF | ETP | 464287655 | 33 | 230 | SH | | SOLE | | 230 | 0 | 0 |
ISHARES RUSSELL MID-CAP ETF | ETP | 464287499 | 33 | 620 | SH | | SOLE | | 620 | 0 | 0 |
ISHARES TIPS BOND ETF | ETP | 464287176 | 114 | 925 | SH | | SOLE | | 925 | 0 | 0 |