McGowan Group Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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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
ABBVIE INC	COM	00287Y109	219	2,466	SH		SOLE	N/A	2,466	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	56,971	11,040,881	SH		SOLE	N/A	11,040,881	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	35,941	2,754,137	SH		SOLE	N/A	2,754,137	0	0
ALTRIA GROUP INC	COM	02209S103	809	12,760	SH		SOLE	N/A	12,760	0	0
AMAZON COM INC	COM	023135106	725	754	SH		SOLE	N/A	754	0	0
APPLE INC COM	COM	037833100	1,274	8,264	SH		SOLE	N/A	8,264	0	0
ARES CAP CORP COM	COM	04010L103	13,448	820,501	SH		SOLE	N/A	820,501	0	0
AT&T INC COM	COM	00206R102	1,310	33,436	SH		SOLE	N/A	33,436	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	356	1,941	SH		SOLE	N/A	1,941	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	589	52,147	SH		SOLE	N/A	52,147	0	0
BLACKROCK CREDIT ALLOCATION INCOME TR IV I	COM	092508100	11,729	864,324	SH		SOLE	N/A	864,324	0	0
BRISTOL MYERS SQUIBB CO COM	COM	110122108	231	3,622	SH		SOLE	N/A	3,622	0	0
CANOPY GROWTH CORP SHS	SHS	138035100	228	26,552	SH		SOLE	N/A	26,552	0	0
CARLYLE GROUP L P COM UNITS	COM UTS LTD PTN	14309L102	8,774	371,792	SH		SOLE	N/A	371,792	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	23,180	1,007,815	SH		SOLE	N/A	1,007,815	0	0
COHEN & STEERS REIT & PFD INCOME FD INC CO	COM	19247X100	35,310	1,665,552	SH		SOLE	N/A	1,665,552	0	0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD	UNIT LTD PARTNER	226344208	276	11,326	SH		SOLE	N/A	11,326	0	0
DCP MIDSTREAM LP COM UTS REPSTG LTD PART I	COM UT LTD PTN	23311P100	4,787	138,189	SH		SOLE	N/A	138,189	0	0
DEERE & CO	COM	244199105	277	2,204	SH		SOLE	N/A	2,204	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	42,380	1,994,357	SH		SOLE	N/A	1,994,357	0	0
DOWDUPONT INC COM	COM	26078J100	200	2,890	SH		SOLE	N/A	2,890	0	0
ELI LILLY & CO COM	COM	532457108	1,826	21,349	SH		SOLE	N/A	21,349	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	379	20,748	SH		SOLE	N/A	20,748	0	0
ENLINK MIDSTREAM REAM PARTNERS LP COM UNIT	COM UNIT REP LTD	29336U107	210	12,546	SH		SOLE	N/A	12,546	0	0
EXXON MOBIL CORP COM	COM	30231G102	853	10,405	SH		SOLE	N/A	10,405	0	0
FACEBOOK INC CL A	CL A	30303M102	482	2,822	SH		SOLE	N/A	2,822	0	0
GENERAL ELECTRIC CO COM	COM	369604103	221	9,124	SH		SOLE	N/A	9,124	0	0
GENERAL MILLS INC COM	COM	370334104	292	5,635	SH		SOLE	N/A	5,635	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	29,445	29,445,028	SH		SOLE	N/A	29,445,028	0	0
GOLAR LNG PARTNERS LP PARTNERS	COM UNIT LPI	Y2745C102	14,578	627,564	SH		SOLE	N/A	627,564	0	0
INFORMATION SERVICES GRP	COM	45675Y104	253	62,843	SH		SOLE	N/A	62,843	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	2,055	172,367	SH		SOLE	N/A	172,367	0	0
JOHNSON & JOHNSON COM	COM	478160104	455	3,500	SH		SOLE	N/A	3,500	0	0
KBS REAL ESTATE INVT TR INC COM	COM	481990901	198	80,000	SH		SOLE	N/A	80,000	0	0
MAIN STR CAP CORP	COM	56035L104	11,899	299,340	SH		SOLE	N/A	299,340	0	0
MERCK & CO INC NEW COM	COM	58933Y105	292	4,556	SH		SOLE	N/A	4,556	0	0
MICROSOFT CORP COM	COM	594918104	375	5,034	SH		SOLE	N/A	5,034	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	18,647	1,073,531	SH		SOLE	N/A	1,073,531	0	0
NUVEEN MULTI STRATEGY & INCOME GROWTH FD 2	COM SHS	67073D102	246	29,030	SH		SOLE	N/A	29,030	0	0
OGE ENERGY CORP	COM	670837103	390	10,834	SH		SOLE	N/A	10,834	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	12,915	404,745	SH		SOLE	N/A	404,745	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	707	6,370	SH		SOLE	N/A	6,370	0	0
PIMCO DYNAMIC CREDIT INCOME FD COM SHS	COM SHS	72202D106	48,199	2,090,169	SH		SOLE	N/A	2,090,169	0	0
PROCTER & GAMBLE CO COM	COM	742718109	532	5,849	SH		SOLE	N/A	5,849	0	0
RSTK INFORMATION SERVICES GROUP INC	COM	45675Y906	207	51,604	SH		SOLE	N/A	51,604	0	0
SKYWORKS SOLUTIONS INC COM	COM	83088M102	256	2,511	SH		SOLE	N/A	2,511	0	0
TEXAS INSTRUMENTS INC	COM	882508104	4,202	46,875	SH		SOLE	N/A	46,875	0	0
TORTOISE PWR & ENERGY INFRASTRUCTURE FUND	COM	89147X104	501	23,498	SH		SOLE	N/A	23,498	0	0
VANGUARD PRIME MONEY MARKET FUND INVESTOR	MONEY MARKET	922906201	750	750,000	SH		SOLE	N/A	750,000	0	0
VISA INC COM CL A	COM CL A	92826C839	733	6,968	SH		SOLE	N/A	6,968	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	50,432	3,204,061	SH		SOLE	N/A	3,204,061	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	967	53,032	SH		SOLE	N/A	53,032	0	0
HARNETT HEALTH SYS INC ADJ RATE HOSPITAL BD SER 2011A	CORPORATE BOND	41333PAA4	3,238	3,235,000	PRN		SOLE	N/A	3,235,000	0	0
ARIZONA INDL DEV AUTH ACADEMIES MATH & SCIENCE -SER B	MUNICIPAL BOND	04052BBR4	990	1,000,000	PRN		SOLE	N/A	1,000,000	0	0
ARIZONA ST HLTH FACS AUTH HLTH CARE FACS REVENUE BEATITUDES CAMPUS PROJ	MUNICIPAL BOND	04050DAJ1	4,600	4,600,000	PRN		SOLE	N/A	4,600,000	0	0
BAY CNTY FLA EDL FAC REV BAY HAVEN CHARTER ACADEMY	MUNICIPAL BOND	072222AJ1	1,536	1,510,000	PRN		SOLE	N/A	1,510,000	0	0
CALIFORNIA ST STWD COMMUNITY DEV AUTH EDU FAC REVENUE INDEPENDENCE PROJ	MUNICIPAL BOND	13079HAG6	5,752	6,740,000	PRN		SOLE	N/A	6,740,000	0	0
CAMERON TX EDU CORP REVENUE FAITH FAMILY ACADEMY - SERIES A	MUNICIPAL BOND	133582AN6	1,775	1,775,000	PRN		SOLE	N/A	1,775,000	0	0
CAP TR AGY FL PRITY FIRST MTG REV SILVER CREEK ST AUG PJ-A	MUNICIPAL BOND	14053PAA9	561	600,000	PRN		SOLE	N/A	600,000	0	0
CAP TR AGY FL PRITY FIRST MTG REV TXBL-SILVER CRK ST AUG SER B	MUNICIPAL BOND	14053PAB7	293	300,000	PRN		SOLE	N/A	300,000	0	0
CAPITAL TR AGY FLA REV 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBV8	2,159	2,600,000	PRN		SOLE	N/A	2,600,000	0	0
CAPITAL TR AGY FLA REV TAXABLE 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBX4	672	755,000	PRN		SOLE	N/A	755,000	0	0
COLORADO ST EDUCATION & CULTURAL FACS AUTH - ATLAS PREP CHARTER SCHOOL	MUNICIPAL BOND	19645RC25	1,392	1,400,000	PRN		SOLE	N/A	1,400,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE	MUNICIPAL BOND	307149AM6	1,790	2,450,000	PRN		SOLE	N/A	2,450,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	471	650,000	PRN		SOLE	N/A	650,000	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ- SER A	MUNICIPAL BOND	140539AC1	1,543	1,555,000	PRN		SOLE	N/A	1,555,000	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ-SER A	MUNICIPAL BOND	140539AB3	611	620,000	PRN		SOLE	N/A	620,000	0	0
FL CHARTER SCHOOL REVENUE TAXABLE RIVER CITY EDY SVCS INC PROJ -SER B	MUNICIPAL BOND	140539AD9	800	810,000	PRN		SOLE	N/A	810,000	0	0
FLORIDA DEV RENAISSANCE CHARTER SCH INC PROJS-SER A	MUNICIPAL BOND	34061UBV9	997	950,000	PRN		SOLE	N/A	950,000	0	0
HUDSON CNTY NJ IMPT AUTH REV TAXABLE	MUNICIPAL BOND	44372RCY2	1,352	1,225,000	PRN		SOLE	N/A	1,225,000	0	0
IRVING TX HOTEL OCCUPANCY TAX REV TXBL SER A	MUNICIPAL BOND	463805BQ3	2,007	1,875,000	PRN		SOLE	N/A	1,875,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS	MUNICIPAL BOND	50376FAF4	5,695	5,920,000	PRN		SOLE	N/A	5,920,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT	MUNICIPAL BOND	622266AA2	5,646	5,510,000	PRN		SOLE	N/A	5,510,000	0	0
OHIO CNTY W VA CNTY COMMN SPL DIST EXCISE TAX REV RFDG-TAXABLE-SER A 5.0	MUNICIPAL BOND	67732PDB1	2,515	2,500,000	PRN		SOLE	N/A	2,500,000	0	0
OHIO CNTY WV CNTY COMMISSIN SPL DIST EXCISE TAX REVENUE	MUNICIPAL BOND	67732PCP1	713	700,000	PRN		SOLE	N/A	700,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER A	MUNICIPAL BOND	72177MJQ1	4,231	4,440,000	PRN		SOLE	N/A	4,440,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	653	685,000	PRN		SOLE	N/A	685,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE ODYSSEY PREP	MUNICIPAL BOND	72177PAZ3	1,906	1,975,000	PRN		SOLE	N/A	1,975,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	4,959	6,225,000	PRN		SOLE	N/A	6,225,000	0	0
PUBLIC FIN AITH WIS ED REV TRIAD EDUCATION SERVICES INC-TXBL SER B	MUNICIPAL BOND	74442EAY6	338	340,000	PRN		SOLE	N/A	340,000	0	0
PUBLIC FIN AUTH WIS ED REV TAX-CORNERSTONE CHRTR ACADEMY	MUNICIPAL BOND	74442EBL3	1,940	1,950,000	PRN		SOLE	N/A	1,950,000	0	0
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC	MUNICIPAL BOND	74442EAX8	1,813	1,800,000	PRN		SOLE	N/A	1,800,000	0	0
RIVERHEAD NY IDA ECONOMIC JOB DEV CORP EDL REV TAXABLE	MUNICIPAL BOND	76876RAN1	4,312	4,230,000	PRN		SOLE	N/A	4,230,000	0	0
SAN LUIS ARIZ FAC DEV CORP REV RFDG-TAXABLE-SR LIEN-SAN LUIS REGL	MUNICIPAL BOND	79854SAS8	1,228	2,235,000	PRN		SOLE	N/A	2,235,000	0	0
SILICON VLY CA TOBACCO SECURITIZATION AUTH TABACCO SETTLEM CAP APPREC	MUNICIPAL BOND	82706TAD3	204	5,500,000	PRN		SOLE	N/A	5,500,000	0	0
TANGIPAHOA PARISH LA HOSP SVC DIST NO 1 HOSP REV TAXABLE-NORTH OAKS	MUNICIPAL BOND	875518EL2	731	690,000	PRN		SOLE	N/A	690,000	0	0
TULANE UNIV LA RFDG-TULANE UNIV-C	MUNICIPAL BOND	899062BQ5	839	925,000	PRN		SOLE	N/A	925,000	0	0
WARREN CNTY KY HOTEL TAX REV BUILD AMER BDS-DIRECT PMT	MUNICIPAL BOND	934866BF0	503	475,000	PRN		SOLE	N/A	475,000	0	0