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
ABBOTT LABS COM	COM	002824100	217	2,501	SH		SOLE	NA	2,501	0	0
ABBVIE INC	COM	00287Y109	251	2,832	SH		SOLE	NA	2,832	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	49,304	11,601,057	SH		SOLE	NA	11,601,057	0	0
ACCENTURE PLC IRELAND CLASS SHS ISIN#IE00B	SHS CLASS A	G1151C101	485	2,303	SH		SOLE	NA	2,303	0	0
ADOBE SYS INC COM	COM	00724F101	230	697	SH		SOLE	NA	697	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	36,185	2,983,060	SH		SOLE	NA	2,983,060	0	0
ALTRIA GROUP INC	COM	02209S103	554	11,098	SH		SOLE	NA	11,098	0	0
AMAZON COM INC	COM	023135106	1,495	809	SH		SOLE	NA	809	0	0
AMPHENOL CORP NEW CL A	CL A	032095101	402	3,717	SH		SOLE	NA	3,717	0	0
APPLE INC COM	COM	037833100	1,536	5,231	SH		SOLE	NA	5,231	0	0
ARES CAP CORP COM	COM	04010L103	20,502	1,099,308	SH		SOLE	NA	1,099,308	0	0
AT&T INC COM	COM	00206R102	817	20,894	SH		SOLE	NA	20,894	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	445	1,965	SH		SOLE	NA	1,965	0	0
BLACK STONE MINERALS LP COM UNIT REPSTG LT	COM UNIT	09225M101	2,131	167,501	SH		SOLE	NA	167,501	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	15,707	1,402,441	SH		SOLE	NA	1,402,441	0	0
CANOPY GROWTH CORP SHS	COM	138035100	713	33,836	SH		SOLE	NA	33,836	0	0
CHARLOTTES WEB HOLDINGS INC	COM	16106R109	512	66,708	SH		SOLE	NA	66,708	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	641	10,497	SH		SOLE	NA	10,497	0	0
CHENIERE ENERGY PARTNERS L P COM UNIT REPT	COM UNIT	16411Q101	10,284	258,331	SH		SOLE	NA	258,331	0	0
CLEARBRIDGE ENERGY MLP FD INC COM	COM	184692101	27,892	2,477,052	SH		SOLE	NA	2,477,052	0	0
CLEARBRIDGE ENERGY MLP OPPORTUNITY FD INC	COM	18469P100	33,245	3,953,026	SH		SOLE	NA	3,953,026	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	26,304	1,003,967	SH		SOLE	NA	1,003,967	0	0
DANAHER CORP COM	COM	235851102	351	2,289	SH		SOLE	NA	2,289	0	0
DCP MIDSTREAM LP COM UTS REPSTG LTD PART I	COM UT LTD PTN	23311P100	4,836	197,470	SH		SOLE	NA	197,470	0	0
DEERE & CO	COM	244199105	398	2,296	SH		SOLE	NA	2,296	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	36,074	1,825,604	SH		SOLE	NA	1,825,604	0	0
ELI LILLY & CO COM	COM	532457108	2,735	20,811	SH		SOLE	NA	20,811	0	0
ENERGY TRANSFER LP COM UNITS	COM UT LTD PTN	29273V100	10,892	848,943	SH		SOLE	NA	848,943	0	0
ENLINK MIDSTREAM LLC COM UNIT REPSTG LTD L	COM UNIT REP LTD	29336T100	331	54,055	SH		SOLE	NA	54,055	0	0
ENTERPRISE PRODS PARTNERS L P COM UNIT	COM	293792107	10,821	384,258	SH		SOLE	NA	384,258	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,030	14,760	SH		SOLE	NA	14,760	0	0
FACEBOOK INC CL A	CL A	30303M102	294	1,434	SH		SOLE	NA	1,434	0	0
GASLOG PARTNERS LP UNIT LTD PARTNERSHIP	UNIT LTD PTNRP	Y2687W108	4,074	260,473	SH		SOLE	NA	260,473	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	41,507	41,507,499	SH		SOLE	NA	41,507,499	0	0
GLOBAL X FDS GLOBAL X MLP ETF	GLBL X MLP ETF	37950E473	20,886	2,650,533	SH		SOLE	NA	2,650,533	0	0
INVESCO QQQ TR UNIT SER 1	UNIT SER 1	46090E103	205	962	SH		SOLE	NA	962	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	1,453	128,002	SH		SOLE	NA	128,002	0	0
ISHARES RUSSELL 2000 INDEX	RUSSELL 2000 ETF	464287655	205	1,234	SH		SOLE	NA	1,234	0	0
ISHARES TR CORE S&P U S GROWTH ETF	CORE S&P US GWT	464287671	330	4,885	SH		SOLE	NA	4,885	0	0
ISHARES TR CORE S&P U S VALUE ETF	CORE S&P US VLU	464287663	421	6,686	SH		SOLE	NA	6,686	0	0
JOHNSON & JOHNSON COM	COM	478160104	488	3,347	SH		SOLE	NA	3,347	0	0
KINDER MORGAN INC	COM	49456B101	18,461	872,044	SH		SOLE	NA	872,044	0	0
MAIN STR CAP CORP	COM	56035L104	17,491	405,739	SH		SOLE	NA	405,739	0	0
MASTERCARD INC CL A	CL A	57636Q104	447	1,497	SH		SOLE	NA	1,497	0	0
MERCK & CO INC NEW COM	COM	58933Y105	421	4,628	SH		SOLE	NA	4,628	0	0
MESA RTY TR UNIT BEN INT	UNIT BEN INT	590660106	375	53,981	SH		SOLE	NA	53,981	0	0
MICROSOFT CORP COM	COM	594918104	834	5,291	SH		SOLE	NA	5,291	0	0
MONDELEZ INTL INC CL A	CL A	609207105	225	4,081	SH		SOLE	NA	4,081	0	0
MPLX LP COM UNIT REPSTG LTD PARTNER INT	COM UNIT REP LTD	55336V100	3,973	156,044	SH		SOLE	NA	156,044	0	0
NIKE INC CLASS B	CL B	654106103	301	2,970	SH		SOLE	NA	2,970	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	33,534	2,047,229	SH		SOLE	NA	2,047,229	0	0
OASIS MIDSTREAM PARTNERS LP COM	COM UNITS REPS	67420T206	573	34,520	SH		SOLE	NA	34,520	0	0
OGE ENERGY CORP	COM	670837103	241	5,417	SH		SOLE	NA	5,417	0	0
PERMIAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	714236106	437	113,259	SH		SOLE	NA	113,259	0	0
PERMIANVILLE RTY TR TR UNIT	TR UNIT	71425H100	497	268,651	SH		SOLE	NA	268,651	0	0
PFIZER INC COM	COM	717081103	202	5,149	SH		SOLE	NA	5,149	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	536	6,294	SH		SOLE	NA	6,294	0	0
PLAINS ALL AMERICAN PIPELINE L P UNIT LTD	UNIT LTD PARTN	726503105	8,982	488,403	SH		SOLE	NA	488,403	0	0
PROCTER & GAMBLE CO COM	COM	742718109	708	5,669	SH		SOLE	NA	5,669	0	0
QUALCOMM INC	COM	747525103	218	2,472	SH		SOLE	NA	2,472	0	0
SQUARE INC CL A	CL A	852234103	283	4,521	SH		SOLE	NA	4,521	0	0
TEMPLETN EM MKT INCOME COM	COM	880192109	33,701	3,667,184	SH		SOLE	NA	3,667,184	0	0
TEXAS INSTRUMENTS INC	COM	882508104	4,246	33,094	SH		SOLE	NA	33,094	0	0
TORTOISE PWR & ENERGY INFRASTRUCTURE FUND	COM	89147X104	332	19,604	SH		SOLE	NA	19,604	0	0
VISA INC COM CL A	COM CL A	92826C839	1,682	8,950	SH		SOLE	NA	8,950	0	0
VOC ENERGY TR TR UNIT	TR UNIT	91829B103	803	173,535	SH		SOLE	NA	173,535	0	0
WAL MART STORES INC COM	COM	931142103	241	2,032	SH		SOLE	NA	2,032	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	48,167	3,375,371	SH		SOLE	NA	3,375,371	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	831	45,590	SH		SOLE	NA	45,590	0	0
ARIZONA INDL DEV AUTH ED REV FAC ODYSSEY PREPARATORY ACADEMY	MUNICIPAL BOND	04052BDB7	4,385	4,080,000	PRN		SOLE	NA	4,080,000	0	0
CALIFORNIA ST STWD COMMUNITY DEV AUTH EDU FAC REVENUE INDEPENDENCE PROJ	MUNICIPAL BOND	13079HAG6	3,298	6,165,000	PRN		SOLE	NA	6,165,000	0	0
CAMERON TX EDU CORP REVENUE FAITH FAMILY ACADEMY - SERIES A	MUNICIPAL BOND	133582AN6	1,652	1,650,000	PRN		SOLE	NA	1,650,000	0	0
CAP TR AGY FL PRITY FIRST MTG REV SILVER CREEK ST AUG PJ-A	MUNICIPAL BOND	14053PAA9	600	600,000	PRN		SOLE	NA	600,000	0	0
CAP TR AGY FL PRITY FIRST MTG REV TXBL-SILVER CRK ST AUG SER B	MUNICIPAL BOND	14053PAB7	200	200,000	PRN		SOLE	NA	200,000	0	0
CAPITAL TR AGY FLA REV 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBV8	1,600	2,500,000	PRN		SOLE	NA	2,500,000	0	0
CAPITAL TR AGY FLA REV TAXABLE 1ST MTG-SILVER CREEK ST. AUGUSTINE PROJ	MUNICIPAL BOND	14052WBX4	483	755,000	PRN		SOLE	NA	755,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE	MUNICIPAL BOND	307149AM6	1,710	2,000,000	PRN		SOLE	NA	2,000,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	532	640,000	PRN		SOLE	NA	640,000	0	0
FEDERATED INSTITUTIONAL TAX- FREE CASH	MUNICIPAL BOND	608919486	1,003	1,002,723	PRN		SOLE	NA	1,002,723	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ- SER A	MUNICIPAL BOND	140539AC1	1,461	1,405,000	PRN		SOLE	NA	1,405,000	0	0
FL CHARTER SCHOOL REVENUE RIVER CITY EDU SVCS INC PROJ-SER A	MUNICIPAL BOND	140539AB3	591	570,000	PRN		SOLE	NA	570,000	0	0
FL CHARTER SCHOOL REVENUE TAXABLE RIVER CITY EDY SVCS INC PROJ -SER B	MUNICIPAL BOND	140539AD9	366	365,000	PRN		SOLE	NA	365,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS	MUNICIPAL BOND	50376FAF4	5,906	5,700,000	PRN		SOLE	NA	5,700,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT	MUNICIPAL BOND	622266AA2	5,171	5,100,000	PRN		SOLE	NA	5,100,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER A	MUNICIPAL BOND	72177MJQ1	3,981	3,980,000	PRN		SOLE	NA	3,980,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	560	560,000	PRN		SOLE	NA	560,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	5,051	5,775,000	PRN		SOLE	NA	5,775,000	0	0
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC	MUNICIPAL BOND	74442EAX8	1,788	1,725,000	PRN		SOLE	NA	1,725,000	0	0
SILICON VLY CA TOBACCO SECURITIZATION AUTH TABACCO SETTLEM CAP APPREC	MUNICIPAL BOND	82706TAD3	297	4,000,000	PRN		SOLE	NA	4,000,000	0	0
TANGIPAHOA PARISH LA HOSP SVC DIST NO 1 HOSP REV TAXABLE-NORTH OAKS	MUNICIPAL BOND	875518EL2	692	690,000	PRN		SOLE	NA	690,000	0	0
TULANE UNIV LA RFDG-TULANE UNIV-C	MUNICIPAL BOND	899062BQ5	827	870,000	PRN		SOLE	NA	870,000	0	0