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	290	3,143	SH		SOLE	N/A	3,143	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	42,427	10,963,130	SH		SOLE	N/A	10,963,130	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	29,559	2,807,099	SH		SOLE	N/A	2,807,099	0	0
ALPHABET INC CAP STK CL A	CAP STK CL A	02079K305	201	192	SH		SOLE	N/A	192	0	0
ALTRIA GROUP INC	COM	02209S103	580	11,742	SH		SOLE	N/A	11,742	0	0
AMAZON COM INC	COM	023135106	1,163	774	SH		SOLE	N/A	774	0	0
ANDEAVOR LOGISTICS LP COM	COM UNIT LP INT	03350F106	4,246	130,693	SH		SOLE	N/A	130,693	0	0
APPLE INC COM	COM	037833100	992	6,292	SH		SOLE	N/A	6,292	0	0
ARES CAP CORP COM	COM	04010L103	17,018	1,092,316	SH		SOLE	N/A	1,092,316	0	0
AT&T INC COM	COM	00206R102	621	21,759	SH		SOLE	N/A	21,759	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	456	2,235	SH		SOLE	N/A	2,235	0	0
BLACK STONE MINERALS LP COM UNIT REPSTG LT	COM UNIT	09225M101	2,632	170,005	SH		SOLE	N/A	170,005	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	10,068	1,084,910	SH		SOLE	N/A	1,084,910	0	0
BLACKROCK CREDIT ALLOCATION INCOME TR IV I	COM	092508100	9,853	881,316	SH		SOLE	N/A	881,316	0	0
CANOPY GROWTH CORP SHS	COM	138035100	796	29,679	SH		SOLE	N/A	29,679	0	0
CARLYLE GROUP L P COM UNITS	COM UTS LTD PTN	14309L102	5,781	367,033	SH		SOLE	N/A	367,033	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	231	3,895	SH		SOLE	N/A	3,895	0	0
CHENIERE ENERGY PARTNERS L P COM UNIT REPT	COM UNIT	16411Q101	5,472	151,589	SH		SOLE	N/A	151,589	0	0
CLEARBRIDGE ENERGY MLP FD INC COM	COM	184692101	22,241	2,136,534	SH		SOLE	N/A	2,136,534	0	0
CLEARBRIDGE ENERGY MLP OPPORTUNITY FD INC	COM	18469P100	19,564	2,505,026	SH		SOLE	N/A	2,505,026	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	20,226	1,023,602	SH		SOLE	N/A	1,023,602	0	0
COHEN & STEERS REIT & PFD INCOME FD INC CO	COM	19247X100	22,228	1,248,767	SH		SOLE	N/A	1,248,767	0	0
CRESTWOOD EQUITY PARTNERS LP UNIT LTD	UNIT LTD PARTNER	226344208	617	22,117	SH		SOLE	N/A	22,117	0	0
DCP MIDSTREAM LP COM UTS REPSTG LTD PART I	COM UT LTD PTN	23311P100	5,034	190,052	SH		SOLE	N/A	190,052	0	0
DEERE & CO	COM	244199105	342	2,296	SH		SOLE	N/A	2,296	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	33,938	1,958,321	SH		SOLE	N/A	1,958,321	0	0
ELI LILLY & CO COM	COM	532457108	2,422	20,930	SH		SOLE	N/A	20,930	0	0
ENERGY TRANSFER LP COM UNITS	COM UT LTD PTN	29273V100	8,582	649,692	SH		SOLE	N/A	649,692	0	0
ENTERPRISE PRODS PARTNERS L P COM UNIT	COM	293792107	8,350	339,583	SH		SOLE	N/A	339,583	0	0
ETFIS SER TR I INFRACAP ACTIVE MLP ETF	INFRAC ACT MLP	26923G103	18,887	3,762,316	SH		SOLE	N/A	3,762,316	0	0
EXXON MOBIL CORP COM	COM	30231G102	898	13,165	SH		SOLE	N/A	13,165	0	0
GASLOG PARTNERS LP UNIT LTD PARTNERSHIP	UNIT LTD PTNRP	Y2687W108	6,182	312,245	SH		SOLE	N/A	312,245	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	48,503	48,503,068	SH		SOLE	N/A	48,503,068	0	0
GLOBAL X FDS GLOBAL X MLP ETF	GLBL X MLP ETF	37950E473	8,946	1,166,366	SH		SOLE	N/A	1,166,366	0	0
GOLAR LNG PARTNERS LP PARTNERS	COM UNIT LPI	Y2745C102	7,731	715,852	SH		SOLE	N/A	715,852	0	0
HI-CRUSH PARTNERS LP COM UNIT PARTNER INTS	COM UNIT LTD	428337109	353	98,547	SH		SOLE	N/A	98,547	0	0
HOLLY ENERGY PARTNERS LP	COM UT LTD PTN	435763107	7,629	267,110	SH		SOLE	N/A	267,110	0	0
INFORMATION SERVICES GRP	COM	45675Y104	697	164,332	SH		SOLE	N/A	164,332	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	1,762	171,532	SH		SOLE	N/A	171,532	0	0
JOHNSON & JOHNSON COM	COM	478160104	444	3,438	SH		SOLE	N/A	3,438	0	0
KINDER MORGAN INC	COM	49456B101	6,158	400,414	SH		SOLE	N/A	400,414	0	0
MAIN STR CAP CORP	COM	56035L104	13,599	402,223	SH		SOLE	N/A	402,223	0	0
MASTERCARD INC CL A	CL A	57636Q104	259	1,371	SH		SOLE	N/A	1,371	0	0
MERCK & CO INC NEW COM	COM	58933Y105	350	4,584	SH		SOLE	N/A	4,584	0	0
MESA RTY TR UNIT BEN INT	UNIT BEN INT	590660106	648	59,688	SH		SOLE	N/A	59,688	0	0
MICROSOFT CORP COM	COM	594918104	507	4,989	SH		SOLE	N/A	4,989	0	0
MPLX LP COM UNIT REPSTG LTD PARTNER INT	COM UNIT REP LTD	55336V100	228	7,511	SH		SOLE	N/A	7,511	0	0
NIKE INC CLASS B	CL B	654106103	220	2,970	SH		SOLE	N/A	2,970	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	15,772	1,155,473	SH		SOLE	N/A	1,155,473	0	0
NUVEEN MULTI STRATEGY & INCOME GROWTH FD 2	COM SHS	67073D102	214	28,939	SH		SOLE	N/A	28,939	0	0
OGE ENERGY CORP	COM	670837103	212	5,417	SH		SOLE	N/A	5,417	0	0
PERMIAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	714236106	923	156,402	SH		SOLE	N/A	156,402	0	0
PERMIANVILLE RTY TR TR UNIT	TR UNIT	71425H100	521	276,938	SH		SOLE	N/A	276,938	0	0
PFIZER INC COM	COM	717081103	232	5,324	SH		SOLE	N/A	5,324	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	419	6,282	SH		SOLE	N/A	6,282	0	0
PIMCO DYNAMIC CREDIT INCOME FD COM SHS	COM SHS	72202D106	10,806	513,350	SH		SOLE	N/A	513,350	0	0
PROCTER & GAMBLE CO COM	COM	742718109	517	5,623	SH		SOLE	N/A	5,623	0	0
SUNRUN INC COM	COM	86771W105	230	21,120	SH		SOLE	N/A	21,120	0	0
TEMPLETN EM MKT INCOME COM	COM	880192109	27,865	2,896,550	SH		SOLE	N/A	2,896,550	0	0
TEXAS INSTRUMENTS INC	COM	882508104	3,715	39,308	SH		SOLE	N/A	39,308	0	0
TORTOISE PWR & ENERGY INFRASTRUCTURE FUND	COM	89147X104	366	22,989	SH		SOLE	N/A	22,989	0	0
VISA INC COM CL A	COM CL A	92826C839	896	6,793	SH		SOLE	N/A	6,793	0	0
VOC ENERGY TR TR UNIT	TR UNIT	91829B103	658	182,181	SH		SOLE	N/A	182,181	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	38,886	3,164,056	SH		SOLE	N/A	3,164,056	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	699	46,640	SH		SOLE	N/A	46,640	0	0
ARIZONA INDL DEV AUTH ACADEMIES MATH & SCIENCE -SER B 07/01/47	MUNICIPAL BOND	04052BBR4	907	950,000	PRN		SOLE	N/A	950,000	0	0
ARIZONA INDL DEV AUTH ED REV FAC ODYSSEY PREPARATORY ACADEMY 7/1/52	MUNICIPAL BOND	04052BDB7	3,960	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	1,525	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	3,766	6,240,000	PRN		SOLE	N/A	6,240,000	0	0
CAMERON TX EDU CORP REVENUE FAITH FAMILY ACADEMY - SERIES A	MUNICIPAL BOND	133582AN6	1,680	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 1/01/50	MUNICIPAL BOND	14053PAA9	570	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	1,750	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	529	755,000	PRN		SOLE	N/A	755,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE	MUNICIPAL BOND	307149AM6	1,615	2,075,000	PRN		SOLE	N/A	2,075,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	477	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	1,527	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	568	570,000	PRN		SOLE	N/A	570,000	0	0
FL CHARTER SCHOOL REVENUE TAXABLE RIVER CITY EDY SVCS INC PROJ -SER B	MUNICIPAL BOND	140539AD9	558	560,000	PRN		SOLE	N/A	560,000	0	0
FLORIDA DEV RENAISSANCE CHARTER SCH INC PROJS-SER A 06/15/46	MUNICIPAL BOND	34061UBV9	843	825,000	PRN		SOLE	N/A	825,000	0	0
HUDSON CNTY NJ IMPT AUTH REV TAXABLE	MUNICIPAL BOND	44372RCY2	1,155	1,075,000	PRN		SOLE	N/A	1,075,000	0	0
IRVING TX HOTEL OCCUPANCY TAX REV TXBL SER A	MUNICIPAL BOND	463805BQ3	1,674	1,595,000	PRN		SOLE	N/A	1,595,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS 02/15/46	MUNICIPAL BOND	50376FAF4	5,232	5,715,000	PRN		SOLE	N/A	5,715,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT TAXABLE 12/01/36	MUNICIPAL BOND	622266AA2	5,210	5,225,000	PRN		SOLE	N/A	5,225,000	0	0
OHIO CNTY W VA CNTY COMMN SPL DIST EXCISE TAX REV RFDG-TAXABLE-SER A 5.0	MUNICIPAL BOND	67732PDB1	2,400	2,400,000	PRN		SOLE	N/A	2,400,000	0	0
OHIO CNTY WV CNTY COMMISSIN SPL DIST EXCISE TAX REVENUE	MUNICIPAL BOND	67732PCP1	651	650,000	PRN		SOLE	N/A	650,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER A	MUNICIPAL BOND	72177MJQ1	3,950	3,965,000	PRN		SOLE	N/A	3,965,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	643	645,000	PRN		SOLE	N/A	645,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	4,473	5,875,000	PRN		SOLE	N/A	5,875,000	0	0
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC	MUNICIPAL BOND	74442EAX8	1,716	1,750,000	PRN		SOLE	N/A	1,750,000	0	0
RIVERHEAD NY IDA ECONOMIC JOB DEV CORP EDL REV TAXABLE 08/01/34	MUNICIPAL BOND	76876RAN1	3,652	3,630,000	PRN		SOLE	N/A	3,630,000	0	0
TANGIPAHOA PARISH LA HOSP SVC DIST NO 1 HOSP REV TAXABLE-NORTH OAKS	MUNICIPAL BOND	875518EL2	710	690,000	PRN		SOLE	N/A	690,000	0	0
TULANE UNIV LA RFDG-TULANE UNIV-C 02/15/36 B/E DTD 05/31/07 CLB	MUNICIPAL BOND	899062BQ5	856	900,000	PRN		SOLE	N/A	900,000	0	0
WARREN CNTY KY HOTEL TAX REV BUILD AMER BDS-DIRECT PMT	MUNICIPAL BOND	934866BF0	456	425,000	PRN		SOLE	N/A	425,000	0	0