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| | | 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 |
BP P.L.C. | COMMON STOCK | 055622104 | 221 | 10,772 | SH | | SOLE | | 0 | 0 | 0 |
TOTAL SE | COMMON STOCK | 89151E109 | 304 | 7,262 | SH | | SOLE | | 0 | 0 | 0 |
AGNC 6 1/8 PERP | COMMON STOCK | 00123Q872 | 59,141 | 2,475,544 | SH | | SOLE | | 0 | 0 | 0 |
ALCOA CORPORATION | COMMON STOCK | 013872106 | 688 | 29,856 | SH | | SOLE | | 0 | 0 | 0 |
ALLY FLOAT 02/15/40 | COMMON STOCK | 361860208 | 39,769 | 1,470,197 | SH | | SOLE | | 0 | 0 | 0 |
AMERICAN INTERNATIONAL GROUP, INC. | COMMON STOCK | 026874784 | 1,246 | 32,913 | SH | | SOLE | | 0 | 0 | 0 |
AMERISAFE INC | COMMON STOCK | 03071H100 | 612 | 10,662 | SH | | SOLE | | 0 | 0 | 0 |
ANNALY CAP MGMT INC | COMMON STOCK | 035710847 | 51,065 | 1,995,505 | SH | | SOLE | | 0 | 0 | 0 |
ANTERO MIDSTREAM CORP | COMMON STOCK | 03676B102 | 1,182 | 153,347 | SH | | SOLE | | 0 | 0 | 0 |
APPLE INC. | COMMON STOCK | 037833100 | 2,544 | 19,172 | SH | | SOLE | | 0 | 0 | 0 |
ARES MANAGEMENT CORPORATION | COMMON STOCK | 03990B200 | 44,381 | 1,706,963 | SH | | SOLE | | 0 | 0 | 0 |
AT&T INC | COMMON STOCK | 00206R409 | 9,353 | 335,233 | SH | | SOLE | | 0 | 0 | 0 |
ATEA PHARMACEUTICALS INC | COMMON STOCK | 04683R106 | 310 | 7,416 | SH | | SOLE | | 0 | 0 | 0 |
ATLANTICA SUSTAINABLE INFR PLC | COMMON STOCK | G0751N103 | 1,780 | 46,866 | SH | | SOLE | | 0 | 0 | 0 |
AVANGRID INC | COMMON STOCK | 05351W103 | 490 | 10,791 | SH | | SOLE | | 0 | 0 | 0 |
B&G FOODS, INC. | COMMON STOCK | 05508R106 | 603 | 21,734 | SH | | SOLE | | 0 | 0 | 0 |
BANK AMER CORP | COMMON STOCK | 060505229 | 11,695 | 420,851 | SH | | SOLE | | 0 | 0 | 0 |
BANK OF AMERICA CORPORATION | COMMON STOCK | 060505260 | 28,495 | 1,127,849 | SH | | SOLE | | 0 | 0 | 0 |
BEPUCN 5.25 | COMMON STOCK | G16258231 | 38,317 | 1,404,598 | SH | | SOLE | | 0 | 0 | 0 |
BERKSHIRE HATHAWAY INC. | COMMON STOCK | 084670702 | 2,709 | 11,684 | SH | | SOLE | | 0 | 0 | 0 |
BLACKSTONE GROUP INC/THE | COMMON STOCK | 09260D107 | 1,031 | 15,907 | SH | | SOLE | | 0 | 0 | 0 |
BROADCOM CORP | COMMON STOCK | 11135F101 | 1,395 | 3,186 | SH | | SOLE | | 0 | 0 | 0 |
BROOKFIELD RENEWABLE CORP | COMMON STOCK | 11284V105 | 652 | 11,196 | SH | | SOLE | | 0 | 0 | 0 |
CARLYLE GROUP INC | COMMON STOCK | 14316J108 | 966 | 30,726 | SH | | SOLE | | 0 | 0 | 0 |
CITIGROUP INC. | COMMON STOCK | 172967317 | 235 | 9,193 | SH | | SOLE | | 0 | 0 | 0 |
CLEARWAY ENERGY INC | COMMON STOCK | 18539C204 | 1,051 | 32,902 | SH | | SOLE | | 0 | 0 | 0 |
CRESTWOOD EQUITY PARTNERS LP | COMMON STOCK | 226344307 | 3,028 | 246,696 | SH | | SOLE | | 0 | 0 | 0 |
DHT HOLDINGS, INC. | COMMON STOCK | Y2065G121 | 632 | 120,880 | SH | | SOLE | | 0 | 0 | 0 |
DUKE ENERGY CORP | COMMON STOCK | 26441C501 | 28,042 | 983,588 | SH | | SOLE | | 0 | 0 | 0 |
ENBRIDGE INC | COMMON STOCK | 29250N824 | 9,809 | 570,601 | SH | | SOLE | | 0 | 0 | 0 |
ENERGY TRANSFER OPERATING L P | COMMON STOCK | 29278N509 | 39,898 | 1,769,314 | SH | | SOLE | | 0 | 0 | 0 |
ENTERGY LOUISIANA, LLC | COMMON STOCK | 29364W108 | 14,208 | 528,580 | SH | | SOLE | | 0 | 0 | 0 |
ENTERGY MISSISSIPPI LLC | COMMON STOCK | 29364N108 | 1,209 | 44,900 | SH | | SOLE | | 0 | 0 | 0 |
EURONAV N.V. | COMMON STOCK | B38564108 | 608 | 75,949 | SH | | SOLE | | 0 | 0 | 0 |
EXXON MOBIL CORPORATION | COMMON STOCK | 30231G102 | 308 | 7,461 | SH | | SOLE | | 0 | 0 | 0 |
FIRST REP BK SAN FRANCISCO | COMMON STOCK | 336158803 | 209 | 7,563 | SH | | SOLE | | 0 | 0 | 0 |
FORTRESS BIOTECH INC | COMMON STOCK | 34960Q208 | 648 | 33,424 | SH | | SOLE | | 0 | 0 | 0 |
FORTRESS TRANS INFRST INVS LLC | COMMON STOCK | 34960P309 | 1,175 | 51,673 | SH | | SOLE | | 0 | 0 | 0 |
GASLOG PARTNERS LP | COMMON STOCK | Y2687W116 | 622 | 38,856 | SH | | SOLE | | 0 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COMMON STOCK | 416518504 | 16,130 | 584,195 | SH | | SOLE | | 0 | 0 | 0 |
HESS MIDSTREAM LP COM | COMMON STOCK | 428103105 | 710 | 36,282 | SH | | SOLE | | 0 | 0 | 0 |
HOEGH LNG PARTNERS LP | COMMON STOCK | Y3262R100 | 1,791 | 125,277 | SH | | SOLE | | 0 | 0 | 0 |
INTERNATIONAL PAPER COMPANY | COMMON STOCK | 460146103 | 612 | 12,302 | SH | | SOLE | | 0 | 0 | 0 |
JPMORGAN CHASE & CO. | COMMON STOCK | 48127X542 | 4,002 | 106,539 | SH | | SOLE | | 0 | 0 | 0 |
LAZARD LTD | COMMON STOCK | G54050102 | 839 | 19,846 | SH | | SOLE | | 0 | 0 | 0 |
LINCOLN NATIONAL CORPORATION | COMMON STOCK | 534187109 | 226 | 4,500 | SH | | SOLE | | 0 | 0 | 0 |
LULULEMON ATHLETIC | COMMON STOCK | 550021109 | 438 | 1,259 | SH | | SOLE | | 0 | 0 | 0 |
MICROSOFT CORPORATION | COMMON STOCK | 594918104 | 2,984 | 13,416 | SH | | SOLE | | 0 | 0 | 0 |
MOELIS & COMPANY | COMMON STOCK | 60786M105 | 1,572 | 33,621 | SH | | SOLE | | 0 | 0 | 0 |
NATIONAL RURAL UTILS COOP FIN | COMMON STOCK | 637432105 | 31,455 | 1,074,270 | SH | | SOLE | | 0 | 0 | 0 |
NEW MOUNTAIN FINANCE CORPORATION COM | COMMON STOCK | 647551100 | 1,148 | 101,015 | SH | | SOLE | | 0 | 0 | 0 |
NEXTERA ENERGY PARTNERS LP | COMMON STOCK | 65341B106 | 1,262 | 18,817 | SH | | SOLE | | 0 | 0 | 0 |
NORSK HYDRO A/S | COMMON STOCK | 656531605 | 222 | 48,486 | SH | | SOLE | | 0 | 0 | 0 |
NUSTAR ENERGY L.P. | COMMON STOCK | 67058H300 | 950 | 52,822 | SH | | SOLE | | 0 | 0 | 0 |
OAKTREE CAP GROUP | COMMON STOCK | 674001409 | 28,212 | 1,016,284 | SH | | SOLE | | 0 | 0 | 0 |
OAKTREE CAP GROUP LLC | COMMON STOCK | 674001300 | 7,393 | 268,336 | SH | | SOLE | | 0 | 0 | 0 |
ONEMAIN HOLDINGS INCORPORATION | COMMON STOCK | 68268W103 | 685 | 14,219 | SH | | SOLE | | 0 | 0 | 0 |
PACCAR INC | COMMON STOCK | 693718108 | 506 | 5,860 | SH | | SOLE | | 0 | 0 | 0 |
PARTNERRE LTD. | COMMON STOCK | G68603144 | 8,890 | 346,733 | SH | | SOLE | | 0 | 0 | 0 |
PAYPAL HOLDINGS INCORPORATION | COMMON STOCK | 70450Y103 | 712 | 3,042 | SH | | SOLE | | 0 | 0 | 0 |
REINSURANCE GRP OF AMERICA INC | COMMON STOCK | 759351703 | 5,437 | 197,697 | SH | | SOLE | | 0 | 0 | 0 |
STIFEL FINANCIAL CORPORATION | COMMON STOCK | 860630607 | 14,207 | 541,224 | SH | | SOLE | | 0 | 0 | 0 |
THE HOME DEPOT, INC. | COMMON STOCK | 437076102 | 443 | 1,669 | SH | | SOLE | | 0 | 0 | 0 |
THE WALT DISNEY COMPANY | COMMON STOCK | 254687106 | 1,453 | 8,022 | SH | | SOLE | | 0 | 0 | 0 |
THE WILLIAMS COMPANIES, INC. | COMMON STOCK | 969457100 | 1,122 | 55,970 | SH | | SOLE | | 0 | 0 | 0 |
UNITED STATES STEEL CORPORATION | COMMON STOCK | 912909108 | 694 | 41,392 | SH | | SOLE | | 0 | 0 | 0 |
WALMART INC | COMMON STOCK | 931142103 | 577 | 4,003 | SH | | SOLE | | 0 | 0 | 0 |
WELLS FARGO & CO NEW | COMMON STOCK | 94988U151 | 7,775 | 294,291 | SH | | SOLE | | 0 | 0 | 0 |
WELLS FARGO & COMPANY | COMMON STOCK | 94988U714 | 7,231 | 282,449 | SH | | SOLE | | 0 | 0 | 0 |
AGIC CONVERTIBLE & INCOME FUND | ETF | 018828707 | 19,974 | 752,319 | SH | | SOLE | | 0 | 0 | 0 |
ALLIANZGI CONV & INCOME FD II | ETF | 018825109 | 634 | 124,554 | SH | | SOLE | | 0 | 0 | 0 |
ALLIANZGI CONV INCOME FD | ETF | 018828103 | 635 | 110,709 | SH | | SOLE | | 0 | 0 | 0 |
ARES CAPITAL CORP COM | ETF | 04010L103 | 1,468 | 86,935 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK CORPORATE HIGH YIE | ETF | 09255P107 | 64,921 | 5,679,863 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK CR ALLOCATION INCOME | ETF | 092508100 | 10,105 | 686,933 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK DEBT STR COM NEW | ETF | 09255R202 | 12,758 | 1,220,890 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK LTD DURATION INC TR | ETF | 09249W101 | 8,820 | 554,030 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MULTI-SECTOR INC TR COM | ETF | 09258A107 | 761 | 43,381 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUN INCOME TR SH BEN INT | ETF | 09248F109 | 16,876 | 1,090,888 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUN TARGET TERM TR | ETF | 09257P105 | 288 | 11,228 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUNI INTER DR FD INC | ETF | 09253X102 | 716 | 48,113 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUNIENHANCED FD INC COM | ETF | 09253Y100 | 811 | 67,650 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUNIVEST FD II INC | ETF | 09253T101 | 1,274 | 85,693 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUNIVEST FD INC COM | ETF | 09253R105 | 28,673 | 3,120,056 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | ETF | 09254E103 | 30,938 | 2,141,026 | SH | | SOLE | | 0 | 0 | 0 |
BLACKROCK TCP CAPITAL CORP COM | ETF | 09259E108 | 661 | 58,788 | SH | | SOLE | | 0 | 0 | 0 |
COHEN & STEERS LTD DURATION PFD COM | ETF | 19248C105 | 27,992 | 1,052,320 | SH | | SOLE | | 0 | 0 | 0 |
EATON VANCE 2021 TARGET TERM TR | ETF | 27829W101 | 1,880 | 193,460 | SH | | SOLE | | 0 | 0 | 0 |
EATON VANCE LTD DURATION INCOM | ETF | 27828H105 | 5,781 | 461,309 | SH | | SOLE | | 0 | 0 | 0 |
EATON VANCE MUN BD FD | ETF | 27827X101 | 33,367 | 2,453,512 | SH | | SOLE | | 0 | 0 | 0 |
EATON VANCE SR FLTNG RTE TR | ETF | 27828Q105 | 704 | 55,305 | SH | | SOLE | | 0 | 0 | 0 |
FIRST TR HIGH INCOME L/S FD | ETF | 33738E109 | 9,753 | 660,306 | SH | | SOLE | | 0 | 0 | 0 |
FIRST TRUST INTERMEDIATE DUR | ETF | 33718W103 | 15,395 | 640,129 | SH | | SOLE | | 0 | 0 | 0 |
HANCOCK JOHN PREM DIVID FD | ETF | 41013T105 | 22,811 | 1,609,799 | SH | | SOLE | | 0 | 0 | 0 |
HERCULES CAPITAL INC COM | ETF | 427096508 | 1,822 | 126,342 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO ADVANTAGE MUNICIPAL IN | ETF | 46132E103 | 191 | 16,848 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | ETF | 46132C107 | 47,453 | 3,701,496 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO SENIOR INCOME TRUST | ETF | 46131H107 | 52,622 | 13,221,734 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO TR INVT GRADE MUNS | ETF | 46131M106 | 24,982 | 1,891,197 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO VALUE MUN INCOME TR | ETF | 46132P108 | 159 | 10,179 | SH | | SOLE | | 0 | 0 | 0 |
INVESCO VAN KAMPEN MUN TR COM | ETF | 46131J103 | 25,650 | 2,000,823 | SH | | SOLE | | 0 | 0 | 0 |
NEUBERGER BERMAN HGH YLD FD | ETF | 64128C106 | 7,720 | 660,399 | SH | | SOLE | | 0 | 0 | 0 |
NEWTEK BUSINESS SERVICES CORPORATION | ETF | 652526203 | 1,591 | 80,801 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INCME | ETF | 670657105 | 77,646 | 5,142,124 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN CORP INC NOV 2021 TAGET TM FD | ETF | 67077N106 | 5,169 | 561,797 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN CREDIT STRAT INC FD | ETF | 67073D102 | 63,454 | 10,024,283 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN ENH MUN VLU COM | ETF | 67074M101 | 0 | 0 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN MUN VALUE FD INC | ETF | 670928100 | 3,738 | 336,792 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN NEW JERSEY QULT MUN FD | ETF | 67069Y102 | 911 | 63,406 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN PFD & INCM OPPORTNYS FD | ETF | 67073B106 | 37,235 | 3,919,521 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN PFD & INCM SECURTIES FD | ETF | 67072C105 | 35,002 | 3,597,321 | SH | | SOLE | | 0 | 0 | 0 |
NUVEEN QUAL MUNI INCOME FD | ETF | 67066V101 | 76,530 | 4,979,208 | SH | | SOLE | | 0 | 0 | 0 |
OAKTREE SPECIALTY LENDING CORPORATION | ETF | 67401P108 | 606 | 108,855 | SH | | SOLE | | 0 | 0 | 0 |
SIXTH STR SPECIALTY LENDING | ETF | 83012A109 | 590 | 28,430 | SH | | SOLE | | 0 | 0 | 0 |
TRIPLEPOINT VENTURE GROWTH BDC CORP | ETF | 89677Y100 | 572 | 43,898 | SH | | SOLE | | 0 | 0 | 0 |
WELLS FARGO INCOME OPPORTUNITI | ETF | 94987B105 | 21,134 | 2,589,897 | SH | | SOLE | | 0 | 0 | 0 |
WESTERN ASSET EMER COM | ETF | 95766A101 | 437 | 31,420 | SH | | SOLE | | 0 | 0 | 0 |
WESTERN ASSET HIGH COM | ETF | 95766J102 | 5,128 | 745,288 | SH | | SOLE | | 0 | 0 | 0 |
WESTERN ASSET HIGH INCOME OP | ETF | 95766K109 | 36,111 | 7,295,309 | SH | | SOLE | | 0 | 0 | 0 |
WESTERN ASSET HIGH YLD COM | ETF | 95768B107 | 28,076 | 1,820,711 | SH | | SOLE | | 0 | 0 | 0 |
WESTERN ASSET MUN DEF OPP TR | ETF | 95768A109 | 202 | 9,679 | SH | | SOLE | | 0 | 0 | 0 |
ISHARES SHORT MATURITY BOND ETF | ETF | 46431W507 | 758 | 15,102 | SH | | SOLE | | 0 | 0 | 0 |
PIMCO ETF TR | ETF | 72201R833 | 785 | 7,689 | SH | | SOLE | | 0 | 0 | 0 |
ALLIANCEBERNSTEIN HOLDING LP | COMMON STOCK | 01881G106 | 653 | 19,338 | SH | | SOLE | | 0 | 0 | 0 |
BROOKFIELD RENEWABLE PARTNER S.L.P | COMMON STOCK | G16258108 | 1,966 | 45,571 | SH | | SOLE | | 0 | 0 | 0 |
COMPASS DIVERSIFIED | COMMON STOCK | 20451Q104 | 741 | 38,094 | SH | | SOLE | | 0 | 0 | 0 |
CROSSAMERICA PARTNERS LP | COMMON STOCK | 22758A105 | 874 | 50,892 | SH | | SOLE | | 0 | 0 | 0 |
DELEK LOGISTICS PARTNERS LP | COMMON STOCK | 24664T103 | 561 | 17,524 | SH | | SOLE | | 0 | 0 | 0 |
ENVIVA PARTNERS LP | COMMON STOCK | 29414J107 | 944 | 20,790 | SH | | SOLE | | 0 | 0 | 0 |
GLOBAL PARTNERS / GLP FIN CORP | COMMON STOCK | 37946R109 | 1,607 | 96,708 | SH | | SOLE | | 0 | 0 | 0 |
ICAHN ENTERPRISES LP | COMMON STOCK | 451100101 | 915 | 18,065 | SH | | SOLE | | 0 | 0 | 0 |
SUNOCO LP / SUNOCO FINANCE CORP | COMMON STOCK | 86765K109 | 840 | 29,178 | SH | | SOLE | | 0 | 0 | 0 |
USA COMPRESSION PARTNERS LP | COMMON STOCK | 90290N109 | 1,179 | 86,724 | SH | | SOLE | | 0 | 0 | 0 |
BROOKFIELD PROPERTY PARTNERS LP | COMMON STOCK | G16249107 | 1,259 | 87,039 | SH | | SOLE | | 0 | 0 | 0 |
AGNC INVESTMENT CORP | COMMON STOCK | 00123Q104 | 1,732 | 111,030 | SH | | SOLE | | 0 | 0 | 0 |
ANNALY CAPITAL MANAGEMENT, INC. | COMMON STOCK | 035710409 | 1,784 | 211,131 | SH | | SOLE | | 0 | 0 | 0 |
APOLLO COML REAL EST FIN INC | COMMON STOCK | 03762U105 | 620 | 55,481 | SH | | SOLE | | 0 | 0 | 0 |
GLOBAL NET LEASE INC | COMMON STOCK | 379378201 | 1,412 | 82,408 | SH | | SOLE | | 0 | 0 | 0 |
HANNON ARMSTRONG SUST INFR CAP INC | COMMON STOCK | 41068X100 | 1,363 | 21,481 | SH | | SOLE | | 0 | 0 | 0 |
IRON MOUNTAIN INCORPORATED | COMMON STOCK | 46284V101 | 1,082 | 36,690 | SH | | SOLE | | 0 | 0 | 0 |
POTLATCHDELTIC CORPORATION | COMMON STOCK | 737630103 | 1,225 | 24,483 | SH | | SOLE | | 0 | 0 | 0 |
SABRA HEALTH CARE REIT, INC. | COMMON STOCK | 78573L106 | 636 | 36,637 | SH | | SOLE | | 0 | 0 | 0 |
SIMON PROPERTY GROUP INC | COMMON STOCK | 828806109 | 215 | 2,518 | SH | | SOLE | | 0 | 0 | 0 |
STARWOOD PROPERTY TRUST, INC. | COMMON STOCK | 85571B105 | 1,235 | 64,005 | SH | | SOLE | | 0 | 0 | 0 |
MESABI TRUST | COMMON STOCK | 590672101 | 650 | 23,180 | SH | | SOLE | | 0 | 0 | 0 |