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
ABBOTT LABS COM	COM	002824100	200	2,501	SH		SOLE	N/A	2,501	0	0
ABBVIE INC	COM	00287Y109	253	3,144	SH		SOLE	N/A	3,144	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	47,551	11,241,433	SH		SOLE	N/A	11,241,433	0	0
ACCENTURE PLC IRELAND CLASS SHS	SHS CLASS A	G1151C101	405	2,303	SH		SOLE	N/A	2,303	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	33,296	2,872,802	SH		SOLE	N/A	2,872,802	0	0
ALPHABET INC CAP STK CL A	CAP STK CL A	02079K305	281	239	SH		SOLE	N/A	239	0	0
ALTRIA GROUP INC	COM	02209S103	675	11,748	SH		SOLE	N/A	11,748	0	0
AMAZON COM INC	COM	023135106	1,453	816	SH		SOLE	N/A	816	0	0
AMPHENOL CORP NEW CL A	CL A	032095101	351	3,715	SH		SOLE	N/A	3,715	0	0
ANDEAVOR LOGISTICS LP COM	COM UNIT LP INT	03350F106	4,628	131,251	SH		SOLE	N/A	131,251	0	0
APPLE INC COM	COM	037833100	1,196	6,295	SH		SOLE	N/A	6,295	0	0
ARES CAP CORP COM	COM	04010L103	18,808	1,097,338	SH		SOLE	N/A	1,097,338	0	0
AT&T INC COM	COM	00206R102	678	21,630	SH		SOLE	N/A	21,630	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	442	2,201	SH		SOLE	N/A	2,201	0	0
BLACK STONE MINERALS LP COM UNIT REPSTG LT	COM UNIT	09225M101	2,989	169,426	SH		SOLE	N/A	169,426	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	11,924	1,162,229	SH		SOLE	N/A	1,162,229	0	0
BLACKROCK CREDIT ALLOCATION INCOME TR IV I	COM	092508100	11,043	889,877	SH		SOLE	N/A	889,877	0	0
CANOPY GROWTH CORP SHS	COM	138035100	1,317	30,422	SH		SOLE	N/A	30,422	0	0
CARLYLE GROUP L P COM UNITS	COM UTS LTD PTN	14309L102	6,773	370,495	SH		SOLE	N/A	370,495	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	610	8,917	SH		SOLE	N/A	8,917	0	0
CHENIERE ENERGY PARTNERS L P COM UNIT REPT	COM UNIT	16411Q101	6,383	152,220	SH		SOLE	N/A	152,220	0	0
CISCO SYSTEMS INC	COM	17275R102	230	4,247	SH		SOLE	N/A	4,247	0	0
CLEAN ENERGY FUELS CORP COM	COM	184499101	235	75,953	SH		SOLE	N/A	75,953	0	0
CLEARBRIDGE ENERGY MLP FD INC COM	COM	184692101	27,878	2,202,041	SH		SOLE	N/A	2,202,041	0	0
CLEARBRIDGE ENERGY MLP OPPORTUNITY FD INC	COM	18469P100	25,139	2,615,968	SH		SOLE	N/A	2,615,968	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	25,136	1,025,102	SH		SOLE	N/A	1,025,102	0	0
COHEN & STEERS REIT & PFD INCOME FD INC CO	COM	19247X100	25,538	1,239,685	SH		SOLE	N/A	1,239,685	0	0
CONOCOPHILLIPS COM	COM	20825C104	198	2,969	SH		SOLE	N/A	2,969	0	0
DANAHER CORP COM	COM	235851102	220	1,664	SH		SOLE	N/A	1,664	0	0
DCP MIDSTREAM LP COM UTS REPSTG LTD PART I	COM UT LTD PTN	23311P100	6,381	193,067	SH		SOLE	N/A	193,067	0	0
DEERE & CO	COM	244199105	367	2,296	SH		SOLE	N/A	2,296	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	39,190	1,966,361	SH		SOLE	N/A	1,966,361	0	0
ELI LILLY & CO COM	COM	532457108	2,716	20,930	SH		SOLE	N/A	20,930	0	0
ENERGY TRANSFER LP COM UNITS	COM UT LTD PTN	29273V100	10,081	655,899	SH		SOLE	N/A	655,899	0	0
ENLINK MIDSTREAM LLC COM UNIT REPSTG LTD	COM UNIT REP LTD	29336T100	723	56,595	SH		SOLE	N/A	56,595	0	0
ENTERPRISE PRODS PARTNERS L P COM UNIT	COM	293792107	9,955	342,090	SH		SOLE	N/A	342,090	0	0
ETFIS SER TR I INFRACAP ACTIVE MLP ETF	INFRAC ACT MLP	26923G103	23,227	3,897,157	SH		SOLE	N/A	3,897,157	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,067	13,200	SH		SOLE	N/A	13,200	0	0
FACEBOOK INC CL A	CL A	30303M102	233	1,395	SH		SOLE	N/A	1,395	0	0
GASLOG PARTNERS LP UNIT LTD PARTNERSHIP	UNIT LTD PTNRP	Y2687W108	7,097	313,610	SH		SOLE	N/A	313,610	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	32,343	32,434,370	SH		SOLE	N/A	32,434,370	0	0
GLOBAL X FDS GLOBAL X MLP ETF	GLBL X MLP ETF	37950E473	10,944	1,233,828	SH		SOLE	N/A	1,233,828	0	0
GOLAR LNG PARTNERS LP PARTNERS	COM UNIT LPI	Y2745C102	9,351	724,338	SH		SOLE	N/A	724,338	0	0
HOLLY ENERGY PARTNERS LP	COM UT LTD PTN	435763107	7,293	270,199	SH		SOLE	N/A	270,199	0	0
INFORMATION SERVICES GRP	COM	45675Y104	758	203,209	SH		SOLE	N/A	203,209	0	0
INVESCO QQQ TR UNIT SER 1	UNIT SER 1	46090E103	220	1,224	SH		SOLE	N/A	1,224	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	1,863	171,681	SH		SOLE	N/A	171,681	0	0
JOHNSON & JOHNSON COM	COM	478160104	491	3,513	SH		SOLE	N/A	3,513	0	0
KINDER MORGAN INC	COM	49456B101	8,510	425,278	SH		SOLE	N/A	425,278	0	0
MAIN STR CAP CORP	COM	56035L104	14,973	402,506	SH		SOLE	N/A	402,506	0	0
MASTERCARD INC CL A	CL A	57636Q104	323	1,371	SH		SOLE	N/A	1,371	0	0
MERCK & CO INC NEW COM	COM	58933Y105	390	4,690	SH		SOLE	N/A	4,690	0	0
MESA RTY TR UNIT BEN INT	UNIT BEN INT	590660106	741	59,250	SH		SOLE	N/A	59,250	0	0
MICROSOFT CORP COM	COM	594918104	616	5,226	SH		SOLE	N/A	5,226	0	0
MONDELEZ INTL INC CL A	CL A	609207105	201	4,029	SH		SOLE	N/A	4,029	0	0
MPLX LP COM UNIT REPSTG LTD PARTNER INT	COM UNIT REP LTD	55336V100	247	7,511	SH		SOLE	N/A	7,511	0	0
NIKE INC CLASS B	CL B	654106103	250	2,970	SH		SOLE	N/A	2,970	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	19,780	1,304,766	SH		SOLE	N/A	1,304,766	0	0
NUVEEN MULTI STRATEGY & INCOME GROWTH FD 2	COM SHS	67073D102	225	29,050	SH		SOLE	N/A	29,050	0	0
NUVEEN PA INVT QUALITY MUN FUND	COM	670972108	1,823	138,010	SH		SOLE	N/A	138,010	0	0
OASIS MIDSTREAM PARTNERS LP COM	COM UNITS REPS	67420T206	729	35,882	SH		SOLE	N/A	35,882	0	0
OGE ENERGY CORP	COM	670837103	234	5,417	SH		SOLE	N/A	5,417	0	0
PERMIAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	714236106	1,173	155,783	SH		SOLE	N/A	155,783	0	0
PERMIANVILLE RTY TR TR UNIT	TR UNIT	71425H100	950	285,388	SH		SOLE	N/A	285,388	0	0
PFIZER INC COM	COM	717081103	226	5,316	SH		SOLE	N/A	5,316	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	555	6,282	SH		SOLE	N/A	6,282	0	0
PIMCO DYNAMIC CREDIT INCOME FD COM SHS	COM SHS	72202D106	11,972	510,984	SH		SOLE	N/A	510,984	0	0
PROCTER & GAMBLE CO COM	COM	742718109	591	5,678	SH		SOLE	N/A	5,678	0	0
SANDRIDGE MISSISSIPPIAN TR I UNIT BEN INT	UNIT BEN INT	80007T101	203	202,659	SH		SOLE	N/A	202,659	0	0
SQUARE INC CL A	CL A	852234103	303	4,040	SH		SOLE	N/A	4,040	0	0
TEMPLETN EM MKT INCOME COM	COM	880192109	35,749	3,491,151	SH		SOLE	N/A	3,491,151	0	0
TEXAS INSTRUMENTS INC	COM	882508104	4,096	38,617	SH		SOLE	N/A	38,617	0	0
TORTOISE PWR & ENERGY INFRASTRUCTURE FUND	COM	89147X104	419	22,494	SH		SOLE	N/A	22,494	0	0
VISA INC COM CL A	COM CL A	92826C839	1,404	8,990	SH		SOLE	N/A	8,990	0	0
VOC ENERGY TR TR UNIT	TR UNIT	91829B103	1,033	181,331	SH		SOLE	N/A	181,331	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	44,028	3,227,886	SH		SOLE	N/A	3,227,886	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	767	46,587	SH		SOLE	N/A	46,587	0	0
ARIZONA INDL DEV AUTH ACADEMIES MATH & SCIENCE -SER B 5.125 07/01/47	MUNICIPAL BOND	04052BBR4	954	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	4,171	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	1,546	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	1,700	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	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	1,640	2,075,000	PRN		SOLE	N/A	2,075,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	485	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	1,558	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	579	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	365	365,000	PRN		SOLE	N/A	365,000	0	0
FLORIDA DEV RENAISSANCE CHARTER SCH INC PROJS-SER A 6.125 06/15/46	MUNICIPAL BOND	34061UBV9	858	825,000	PRN		SOLE	N/A	825,000	0	0
HUDSON CNTY NJ IMPT AUTH REV TAXABLE	MUNICIPAL BOND	44372RCY2	1,161	1,075,000	PRN		SOLE	N/A	1,075,000	0	0
IRVING TX HOTEL OCCUPANCY TAX REV TXBL SER A	MUNICIPAL BOND	463805BQ3	1,681	1,595,000	PRN		SOLE	N/A	1,595,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS 5 02/15/46	MUNICIPAL BOND	50376FAF4	5,526	5,715,000	PRN		SOLE	N/A	5,715,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT - 6.750 TAXABLE 12/01/36	MUNICIPAL BOND	622266AA2	5,251	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	2,375	2,375,000	PRN		SOLE	N/A	2,375,000	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	4,065	4,065,000	PRN		SOLE	N/A	4,065,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	645	645,000	PRN		SOLE	N/A	645,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	4,688	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	1,772	1,750,000	PRN		SOLE	N/A	1,750,000	0	0
RIVERHEAD NY IDA ECONOMIC JOB DEV CORP EDL REV TAXABLE 7.65 08/01/34	MUNICIPAL BOND	76876RAN1	3,675	3,630,000	PRN		SOLE	N/A	3,630,000	0	0
SILICON VLY CA TOBACCO SECURITIZATION AUTH TABACCO SETTLEM CAP APPREC	MUNICIPAL BOND	82706TAD3	198	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	708	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	817	870,000	PRN		SOLE	N/A	870,000	0	0
WARREN CNTY KY HOTEL TAX REV BUILD AMER BDS-DIRECT PMT	MUNICIPAL BOND	934866BF0	452	425,000	PRN		SOLE	N/A	425,000	0	0