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 | 6 | 1,570 | SH | | SOLE | | 1,570 | 0 | 0 |
Apollo Senior Floating Rate Fund Inc | COM | 037636107 | 1,269 | 99,021 | SH | | SOLE | | 99,021 | 0 | 0 |
Apollo Tactical Income Fund Inc | COM | 037638103 | 626 | 49,251 | SH | | SOLE | | 49,251 | 0 | 0 |
BlackRock Floating Rate Income Trust | COM | 091941104 | 960 | 85,473 | SH | | SOLE | | 85,473 | 0 | 0 |
BlackRock MuniHoldings Fund Inc | COM | 09253N104 | 5,275 | 346,799 | SH | | SOLE | | 346,799 | 0 | 0 |
BlackRock MuniHoldings Investment Quality | COM | 09254P108 | 7,935 | 591,727 | SH | | SOLE | | 591,727 | 0 | 0 |
BlackRock MuniVest Fund II Inc | COM | 09253T101 | 5,482 | 393,251 | SH | | SOLE | | 393,251 | 0 | 0 |
BlackRock MuniVest Fund Inc | COM | 09253R105 | 5,026 | 579,043 | SH | | SOLE | | 579,043 | 0 | 0 |
BlackRock MuniYield California Fund Inc | COM | 09254M105 | 2,011 | 145,187 | SH | | SOLE | | 145,187 | 0 | 0 |
BlackRock MuniYield Fund Inc | COM | 09253W104 | 10,823 | 806,477 | SH | | SOLE | | 806,477 | 0 | 0 |
BlackRock MuniYield Michigan Quality Fund | COM | 09254V105 | 3,424 | 244,192 | SH | | SOLE | | 244,192 | 0 | 0 |
BlackRock MuniYield Pennsylvania Quality F | COM | 09255G107 | 456 | 32,817 | SH | | SOLE | | 32,817 | 0 | 0 |
Blackstone / GSO Senior Floating Rate Term | COM | 09256U105 | 1,341 | 97,463 | SH | | SOLE | | 97,463 | 0 | 0 |
Blackstone / GSO Strategic Credit Fund | COM | 09257R101 | 247 | 20,219 | SH | | SOLE | | 20,219 | 0 | 0 |
Blackstone/GSO Long-Short Credit Income Fu | COM | 09257D102 | 1,250 | 97,220 | SH | | SOLE | | 97,220 | 0 | 0 |
BrandywineGLOBAL Global Income Opportuniti | COM | 10537L104 | 721 | 62,601 | SH | | SOLE | | 62,601 | 0 | 0 |
Credit Suisse High Yield Bond Fund | COM | 22544F103 | 1,287 | 609,806 | SH | | SOLE | | 609,806 | 0 | 0 |
Deutsche Strategic Municipal Income Trust | COM | 23342Q101 | 3,220 | 296,808 | SH | | SOLE | | 296,808 | 0 | 0 |
DoubleLine Opportunistic Credit Fund | COM | 258623107 | 6 | 340 | SH | | SOLE | | 340 | 0 | 0 |
Dreyfus High Yield Strategies Fund | COM | 09660L105 | 1,232 | 454,547 | SH | | SOLE | | 454,547 | 0 | 0 |
Dreyfus Strategic Municipal Bond Fund Inc | COM | 09662E109 | 7,008 | 961,268 | SH | | SOLE | | 961,268 | 0 | 0 |
Eaton Vance Floating-Rate Income Trust | COM | 278279104 | 354 | 29,800 | SH | | SOLE | | 29,800 | 0 | 0 |
Eaton Vance Limited Duration Income Fund | COM | 27828H105 | 105 | 9,300 | SH | | SOLE | | 9,300 | 0 | 0 |
Eaton Vance Municipal Income Trust | COM | 27826U108 | 7,521 | 587,148 | SH | | SOLE | | 587,148 | 0 | 0 |
Eaton Vance Senior Floating-Rate Trust | COM | 27828Q105 | 1,136 | 97,679 | SH | | SOLE | | 97,679 | 0 | 0 |
First Trust High Income Long/Short Fund | COM | 33738E109 | 191 | 13,705 | SH | | SOLE | | 13,705 | 0 | 0 |
Invesco Dynamic Credit Opportunities Fund | COM | 46132R104 | 244 | 26,480 | SH | | SOLE | | 26,480 | 0 | 0 |
Invesco Municipal Income Opportunities Tru | COM | 46132X101 | 2,606 | 356,926 | SH | | SOLE | | 356,926 | 0 | 0 |
Invesco Taxable Municipal Bond ETF | COM | 46138G805 | 192 | 5,750 | SH | | SOLE | | 5,750 | 0 | 0 |
Invesco Trust for Investment Grade New Yor | COM | 46131T101 | 3,103 | 250,641 | SH | | SOLE | | 250,641 | 0 | 0 |
Invesco Value Municipal Income Trust | COM | 46132P108 | 6,623 | 450,223 | SH | | SOLE | | 450,223 | 0 | 0 |
John Hancock Investors Trust | COM | 410142103 | 321 | 20,299 | SH | | SOLE | | 20,299 | 0 | 0 |
KKR Income Opportunities Fund | COM | 48249T106 | 6 | 450 | SH | | SOLE | | 450 | 0 | 0 |
MFS Municipal Income Trust | COM | 552738106 | 3,297 | 512,703 | SH | | SOLE | | 512,703 | 0 | 0 |
New America High Income Fund Inc/The | COM | 641876800 | 1,180 | 144,207 | SH | | SOLE | | 144,207 | 0 | 0 |
Nuveen California Dividend Advantage Munic | COM | 67066Y105 | 1,875 | 128,747 | SH | | SOLE | | 128,747 | 0 | 0 |
Nuveen Credit Strategies Income Fund | COM | 67073D102 | 639 | 108,164 | SH | | SOLE | | 108,164 | 0 | 0 |
Nuveen Dividend Advantage Municipal Income | COM | 67071L106 | 14,326 | 914,825 | SH | | SOLE | | 914,825 | 0 | 0 |
Nuveen Floating Rate Income Opportunity Fu | COM | 6706EN100 | 6 | 790 | SH | | SOLE | | 790 | 0 | 0 |
Nuveen Michigan Quality Income Municipal F | COM | 670979103 | 823 | 58,040 | SH | | SOLE | | 58,040 | 0 | 0 |
Nuveen Municipal Credit Income Fund | COM | 67070X101 | 11,853 | 806,862 | SH | | SOLE | | 806,862 | 0 | 0 |
Nuveen New Jersey Dividend Advantage Munic | COM | 67069Y102 | 7,526 | 556,238 | SH | | SOLE | | 556,238 | 0 | 0 |
Nuveen Ohio Quality Income Municipal Fund | COM | 670980101 | 4,384 | 291,663 | SH | | SOLE | | 291,663 | 0 | 0 |
Nuveen Pennsylvania Investment Quality Mun | COM | 670972108 | 4,253 | 316,451 | SH | | SOLE | | 316,451 | 0 | 0 |
Nuveen Quality Municipal Income Fund | COM | 67066V101 | 2,095 | 144,309 | SH | | SOLE | | 144,309 | 0 | 0 |
PIMCO California Municipal Income Fund II | COM | 72200M108 | 3 | 330 | SH | | SOLE | | 330 | 0 | 0 |
PIMCO Municipal Income Fund | COM | 72200R107 | 3,148 | 235,807 | SH | | SOLE | | 235,807 | 0 | 0 |
PIMCO Municipal Income Fund III | COM | 72201A103 | 2,222 | 195,574 | SH | | SOLE | | 195,574 | 0 | 0 |
PIMCO New York Municipal Income Fund II | COM | 72200Y102 | 2,776 | 258,708 | SH | | SOLE | | 258,708 | 0 | 0 |
PROSHARES SHORT S&P500 | COM | 74347B425 | 1 | 70 | SH | | SOLE | | 70 | 0 | 0 |
Pioneer High Income Trust | COM | 72369H106 | 1,254 | 157,496 | SH | | SOLE | | 157,496 | 0 | 0 |
Pioneer Municipal High Income Trust | COM | 723763108 | 6,115 | 528,081 | SH | | SOLE | | 528,081 | 0 | 0 |
PowerShares National AMT-Free Municipal Bo | COM | 46138E537 | 4 | 143 | SH | | SOLE | | 143 | 0 | 0 |
ProShares Short Dow30 | COM | 74347B235 | 2 | 40 | SH | | SOLE | | 40 | 0 | 0 |
ProShares Short Russell 2000 | COM | 74348A210 | 1 | 40 | SH | | SOLE | | 40 | 0 | 0 |
Prudential Short Duration High Yield Fund | COM | 69346H100 | 1,360 | 98,501 | SH | | SOLE | | 98,501 | 0 | 0 |
RiverNorth Managed Duration Municipal Inco | COM | 76882H105 | 1,761 | 105,469 | SH | | SOLE | | 105,469 | 0 | 0 |
Rivernorth Opportunistic Municipal Income | COM | 76883F108 | 3,386 | 165,883 | SH | | SOLE | | 165,883 | 0 | 0 |
SPDR Bloomberg Barclays High Yield Bond ET | COM | 78468R622 | 782 | 7,500 | SH | | SOLE | | 7,500 | 0 | 0 |
VanEck Vectors High Yield Municipal Index | COM | 92189H409 | 4 | 64 | SH | | SOLE | | 64 | 0 | 0 |
Vanguard FTSE All World ex-US Small-Cap ET | COM | 922042718 | 19 | 180 | SH | | SOLE | | 180 | 0 | 0 |
Vanguard FTSE Emerging Markets ETF | COM | 922042858 | 49 | 1,130 | SH | | SOLE | | 1,130 | 0 | 0 |
Vanguard Total World Stock ETF | COM | 922042742 | 248 | 3,075 | SH | | SOLE | | 3,075 | 0 | 0 |
Wells Fargo Income Opportunities Fund | COM | 94987B105 | 1,326 | 181,653 | SH | | SOLE | | 181,653 | 0 | 0 |
Western Asset High Income Fund II Inc | COM | 95766J102 | 1,693 | 264,496 | SH | | SOLE | | 264,496 | 0 | 0 |
Western Asset High Income Opportunity Fund | COM | 95766K109 | 1,401 | 285,987 | SH | | SOLE | | 285,987 | 0 | 0 |
Western Asset Managed Municipals Fund Inc | COM | 95766M105 | 11,979 | 982,660 | SH | | SOLE | | 982,660 | 0 | 0 |
iShares Aaa - A Rated Corporate Bond ETF | COM | 46429B291 | 191 | 3,300 | SH | | SOLE | | 3,300 | 0 | 0 |
iShares MBS ETF | COM | 464288588 | 331 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
iShares National Muni Bond ETF | COM | 464288414 | 4 | 33 | SH | | SOLE | | 33 | 0 | 0 |
iShares Russell 2000 ETF | COM | 464287655 | 36 | 240 | SH | | SOLE | | 240 | 0 | 0 |
iShares Russell Mid-Cap ETF | COM | 464287499 | 37 | 640 | SH | | SOLE | | 640 | 0 | 0 |
iShares TIPS ETF | COM | 464287176 | 117 | 925 | SH | | SOLE | | 925 | 0 | 0 |