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

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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	291	3,141	SH		SOLE	N/A	3,141	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	46,935	10,864,517	SH		SOLE	N/A	10,864,517	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	31,214	2,704,863	SH		SOLE	N/A	2,704,863	0	0
ALPHABET INC CAP STK CL A	CAP STK CL A	02079K305	254	225	SH		SOLE	N/A	225	0	0
ALPS ETF TR ALERIAN MLP ETF	ALERIAN MLP	00162Q866	22,364	2,214,266	SH		SOLE	N/A	2,214,266	0	0
ALTRIA GROUP INC	COM	02209S103	713	12,563	SH		SOLE	N/A	12,563	0	0
AMAZON COM INC	COM	023135106	1,328	781	SH		SOLE	N/A	781	0	0
ANDEAVOR LOGISTICS LP COM	COM UNIT LP INT	03350F106	4,761	111,939	SH		SOLE	N/A	111,939	0	0
APHRIA INC COM	COM	03765K104	227	25,133	SH		SOLE	N/A	25,133	0	0
APPLE INC COM	COM	037833100	1,311	7,085	SH		SOLE	N/A	7,085	0	0
ARES CAP CORP COM	COM	04010L103	17,969	1,092,324	SH		SOLE	N/A	1,092,324	0	0
AT&T INC COM	COM	00206R102	804	25,043	SH		SOLE	N/A	25,043	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	419	2,244	SH		SOLE	N/A	2,244	0	0
BLACK STONE MINERALS LP COM UNIT REPSTG LT	COM UNIT	09225M101	2,397	129,644	SH		SOLE	N/A	129,644	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	976	93,321	SH		SOLE	N/A	93,321	0	0
BLACKROCK CREDIT ALLOCATION INCOME TR IV I	COM	092508100	9,936	822,487	SH		SOLE	N/A	822,487	0	0
BRISTOL MYERS SQUIBB CO COM	COM	110122108	200	3,622	SH		SOLE	N/A	3,622	0	0
CANOPY GROWTH CORP SHS	COM	138035100	1,053	36,055	SH		SOLE	N/A	36,055	0	0
CARLYLE GROUP L P COM UNITS	COM UTS LTD PTN	14309L102	8,071	378,917	SH		SOLE	N/A	378,917	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	288	4,411	SH		SOLE	N/A	4,411	0	0
CHENIERE ENERGY PARTNERS L P COM UNIT REPT	COM UNIT	16411Q101	1,180	32,824	SH		SOLE	N/A	32,824	0	0
CLEAN ENERGY FUELS CORP COM	COM	184499101	362	97,993	SH		SOLE	N/A	97,993	0	0
CLEARBRIDGE AMERN ENERGY MLP FD INC COM	COM	184691103	13,768	1,823,638	SH		SOLE	N/A	1,823,638	0	0
CLEARBRIDGE ENERGY MLP FD INC COM	COM	184692101	29,343	2,076,647	SH		SOLE	N/A	2,076,647	0	0
CLEARBRIDGE ENERGY MLP OPPORTUNITY FD INC	COM	18469P100	10,380	949,696	SH		SOLE	N/A	949,696	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	23,504	1,035,406	SH		SOLE	N/A	1,035,406	0	0
COHEN & STEERS REIT & PFD INCOME FD INC CO	COM	19247X100	25,002	1,287,457	SH		SOLE	N/A	1,287,457	0	0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD	UNIT LTD PARTNER	226344208	614	19,337	SH		SOLE	N/A	19,337	0	0
DCP MIDSTREAM LP COM UTS REPSTG LTD PART I	COM UT LTD PTN	23311P100	6,731	170,182	SH		SOLE	N/A	170,182	0	0
DEERE & CO	COM	244199105	329	2,354	SH		SOLE	N/A	2,354	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	39,721	1,987,020	SH		SOLE	N/A	1,987,020	0	0
DOWDUPONT INC COM	COM	26078J100	226	3,430	SH		SOLE	N/A	3,430	0	0
ELI LILLY & CO COM	COM	532457108	1,822	21,349	SH		SOLE	N/A	21,349	0	0
ENDURO RTY TR TR UNIT	TR UNIT	29269K100	958	258,880	SH		SOLE	N/A	258,880	0	0
ENERGY TRANSFER PARTNERS LP	UNIT LTD PRT INT	29278N103	398	20,911	SH		SOLE	N/A	20,911	0	0
ENTERPRISE PRODS PARTNERS L P COM UNIT	COM	293792107	225	8,146	SH		SOLE	N/A	8,146	0	0
ETFIS SER TR I INFRACAP ACTIVE MLP ETF	INFRAC ACT MLP	26923G103	25,993	3,555,817	SH		SOLE	N/A	3,555,817	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,225	14,811	SH		SOLE	N/A	14,811	0	0
FACEBOOK INC CL A	CL A	30303M102	271	1,395	SH		SOLE	N/A	1,395	0	0
GASLOG PARTNERS LP UNIT LTD PARTNERSHIP	UNIT LTD PTNRP	Y2687W108	3,996	167,554	SH		SOLE	N/A	167,554	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	34,487	34,487,054	SH		SOLE	N/A	34,487,054	0	0
GOLAR LNG PARTNERS LP PARTNERS	COM UNIT LPI	Y2745C102	13,653	883,100	SH		SOLE	N/A	883,100	0	0
HI-CRUSH PARTNERS LP COM UNIT PARTNER INTS	COM UNIT LTD	428337109	458	38,825	SH		SOLE	N/A	38,825	0	0
HOLLY ENERGY PARTNERS LP	COM UT LTD PTN	435763107	6,948	245,846	SH		SOLE	N/A	245,846	0	0
INFORMATION SERVICES GRP	COM	45675Y104	258	62,843	SH		SOLE	N/A	62,843	0	0
INTEL CORP COM	COM	458140100	248	4,983	SH		SOLE	N/A	4,983	0	0
INVESCO QQQ TR UNIT SER 1	UNIT SER 1	46090E103	210	1,224	SH		SOLE	N/A	1,224	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	1,995	171,676	SH		SOLE	N/A	171,676	0	0
JOHNSON & JOHNSON COM	COM	478160104	419	3,452	SH		SOLE	N/A	3,452	0	0
MAIN STR CAP CORP	COM	56035L104	15,476	406,622	SH		SOLE	N/A	406,622	0	0
MASTERCARD INC CL A	CL A	57636Q104	275	1,400	SH		SOLE	N/A	1,400	0	0
MERCK & CO INC NEW COM	COM	58933Y105	278	4,579	SH		SOLE	N/A	4,579	0	0
MESA RTY TR UNIT BEN INT	UNIT BEN INT	590660106	803	55,967	SH		SOLE	N/A	55,967	0	0
MICROSOFT CORP COM	COM	594918104	519	5,263	SH		SOLE	N/A	5,263	0	0
NIKE INC CLASS B	CL B	654106103	247	3,104	SH		SOLE	N/A	3,104	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	17,328	1,122,247	SH		SOLE	N/A	1,122,247	0	0
NUVEEN MULTI STRATEGY & INCOME GROWTH FD 2	COM SHS	67073D102	229	28,798	SH		SOLE	N/A	28,798	0	0
OGE ENERGY CORP	COM	670837103	381	10,834	SH		SOLE	N/A	10,834	0	0
ONEOK INC NEW COM	COM	682680103	254	3,640	SH		SOLE	N/A	3,640	0	0
PERMIAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	714236106	1,436	153,941	SH		SOLE	N/A	153,941	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	514	6,370	SH		SOLE	N/A	6,370	0	0
PIMCO DYNAMIC CREDIT INCOME FD COM SHS	COM SHS	72202D106	47,275	2,005,727	SH		SOLE	N/A	2,005,727	0	0
PROCTER & GAMBLE CO COM	COM	742718109	447	5,729	SH		SOLE	N/A	5,729	0	0
SAN JUAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	798241105	575	99,355	SH		SOLE	N/A	99,355	0	0
SANDRIDGE MISSISSIPPIAN TR I UNIT BEN INT	UNIT BEN INT	80007T101	216	109,158	SH		SOLE	N/A	109,158	0	0
SUNRUN INC COM	COM	86771W105	293	22,246	SH		SOLE	N/A	22,246	0	0
TEXAS INSTRUMENTS INC	COM	882508104	4,510	40,908	SH		SOLE	N/A	40,908	0	0
TORTOISE PWR & ENERGY INFRASTRUCTURE FUND	COM	89147X104	439	23,287	SH		SOLE	N/A	23,287	0	0
VALERO ENERGY CORP NEW COM	COM	91913Y100	203	1,830	SH		SOLE	N/A	1,830	0	0
VISA INC COM CL A	COM CL A	92826C839	919	6,940	SH		SOLE	N/A	6,940	0	0
VOC ENERGY TR TR UNIT	TR UNIT	91829B103	933	175,705	SH		SOLE	N/A	175,705	0	0
WAL MART STORES INC COM	COM	931142103	209	2,442	SH		SOLE	N/A	2,442	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	41,851	3,153,773	SH		SOLE	N/A	3,153,773	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	818	48,838	SH		SOLE	N/A	48,838	0	0
ARIZONA INDL DEV AUTH ACADEMIES MATH & SCIENCE -SER B 5.125 07/01/47	MUNICIPAL BOND	04052BBR4	924	950,000	PRN		SOLE	N/A	950,000	0	0
ARIZONA INDL DEV AUTH ED REV FAC ODYSSEY PREPARATORY ACADEMY 5.5 7/1/52	MUNICIPAL BOND	04052BDB7	4,130	4,155,000	PRN		SOLE	N/A	4,155,000	0	0
BAY CNTY FLA EDL FAC REV BAY HAVEN CHARTER ACADEMY	MUNICIPAL BOND	072222AJ1	1,542	1,485,000	PRN		SOLE	N/A	1,485,000	0	0
CALIFORNIA ST STWD COMMUNITY DEV AUTH EDU FAC REVENUE INDEPENDENCE PROJ	MUNICIPAL BOND	13079HAG6	3,821	6,365,000	PRN		SOLE	N/A	6,365,000	0	0
CAMERON TX EDU CORP REVENUE FAITH FAMILY ACADEMY - SERIES A	MUNICIPAL BOND	133582AN6	1,700	1,700,000	PRN		SOLE	N/A	1,700,000	0	0
CAP TR AGY FL PRITY FIRST MTG REV SILVER CREEK ST AUG PJ-A 5.75 1/01/50	MUNICIPAL BOND	14053PAA9	537	600,000	PRN		SOLE	N/A	600,000	0	0
CAPITAL TR AGY FLA REV 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBV8	1,875	2,500,000	PRN		SOLE	N/A	2,500,000	0	0
CAPITAL TR AGY FLA REV TAXABLE 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBX4	566	755,000	PRN		SOLE	N/A	755,000	0	0
COLORADO ST EDUCATION & CULTURAL FACS AUTH - ATLAS PREP CHARTER SCHOOL	MUNICIPAL BOND	19645RC25	1,352	1,375,000	PRN		SOLE	N/A	1,375,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE	MUNICIPAL BOND	307149AM6	1,514	2,200,000	PRN		SOLE	N/A	2,200,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	419	640,000	PRN		SOLE	N/A	640,000	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ- SER A	MUNICIPAL BOND	140539AC1	1,525	1,530,000	PRN		SOLE	N/A	1,530,000	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ-SER A	MUNICIPAL BOND	140539AB3	614	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	606	610,000	PRN		SOLE	N/A	610,000	0	0
FLORIDA DEV RENAISSANCE CHARTER SCH INC PROJS-SER A 6.125 06/15/46	MUNICIPAL BOND	34061UBV9	857	825,000	PRN		SOLE	N/A	825,000	0	0
HUDSON CNTY NJ IMPT AUTH REV TAXABLE	MUNICIPAL BOND	44372RCY2	1,165	1,075,000	PRN		SOLE	N/A	1,075,000	0	0
IRVING TX HOTEL OCCUPANCY TAX REV TXBL SER A	MUNICIPAL BOND	463805BQ3	1,662	1,620,000	PRN		SOLE	N/A	1,620,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS 5 02/15/46	MUNICIPAL BOND	50376FAF4	5,610	5,890,000	PRN		SOLE	N/A	5,890,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT - 6.750 TAXABLE 12/01/36	MUNICIPAL BOND	622266AA2	5,189	5,325,000	PRN		SOLE	N/A	5,325,000	0	0
OHIO CNTY W VA CNTY COMMN SPL DIST EXCISE TAX REV RFDG-TAXABLE-SER A 5.0	MUNICIPAL BOND	67732PDB1	2,452	2,450,000	PRN		SOLE	N/A	2,450,000	0	0
OHIO CNTY WV CNTY COMMISSIN SPL DIST EXCISE TAX REVENUE	MUNICIPAL BOND	67732PCP1	706	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	4,194	4,195,000	PRN		SOLE	N/A	4,195,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	685	685,000	PRN		SOLE	N/A	685,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	4,561	6,000,000	PRN		SOLE	N/A	6,000,000	0	0
PUBLIC FIN AUTH WIS ED REV TAX-CORNERSTONE CHRTR ACADEMY 6.5 2/1/26 DTD	MUNICIPAL BOND	74442EBL3	1,825	1,875,000	PRN		SOLE	N/A	1,875,000	0	0
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC	MUNICIPAL BOND	74442EAX8	1,715	1,775,000	PRN		SOLE	N/A	1,775,000	0	0
RIVERHEAD NY IDA ECONOMIC JOB DEV CORP EDL REV TAXABLE 7.65 08/01/34	MUNICIPAL BOND	76876RAN1	3,972	3,940,000	PRN		SOLE	N/A	3,940,000	0	0
SAN LUIS ARIZ FAC DEV CORP REV RFDG-TAXABLE-SR LIEN-SAN LUIS REGL 7.250	MUNICIPAL BOND	79854SAS8	1,522	2,185,000	PRN		SOLE	N/A	2,185,000	0	0
SILICON VLY CA TOBACCO SECURITIZATION AUTH TABACCO SETTLEM CAP APPREC	MUNICIPAL BOND	82706TAD3	356	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	716	690,000	PRN		SOLE	N/A	690,000	0	0
TULANE UNIV LA RFDG-TULANE UNIV-C 0.523 02/15/36 B/E DTD 05/31/07 CLB	MUNICIPAL BOND	899062BQ5	853	900,000	PRN		SOLE	N/A	900,000	0	0
WARREN CNTY KY HOTEL TAX REV BUILD AMER BDS-DIRECT PMT	MUNICIPAL BOND	934866BF0	494	450,000	PRN		SOLE	N/A	450,000	0	0