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
3M CO COM	COM	88579Y101	272	1,991	SH		SOLE	NA	1,991	0	0
ABBOTT LABS COM	COM	002824100	210	2,669	SH		SOLE	NA	2,669	0	0
ABBVIE INC	COM	00287Y109	216	2,832	SH		SOLE	NA	2,832	0	0
ABERDEEN ASIA-PACIFIC INCOME FD INC COM	COM	003009107	39,068	11,558,524	SH		SOLE	NA	11,558,524	0	0
ACCENTURE PLC IRELAND CLASS SHS	SHS CLASS A	G1151C101	376	2,303	SH		SOLE	NA	2,303	0	0
ADOBE SYS INC COM	COM	00724F101	222	697	SH		SOLE	NA	697	0	0
ALLIANCEBERSTEIN GLOBAL HIGH INCOME FD INC	COM	01879R106	27,719	2,993,436	SH		SOLE	NA	2,993,436	0	0
ALTRIA GROUP INC	COM	02209S103	429	11,105	SH		SOLE	NA	11,105	0	0
AMAZON COM INC	COM	023135106	1,609	825	SH		SOLE	NA	825	0	0
AMPHENOL CORP NEW CL A	CL A	032095101	270	3,701	SH		SOLE	NA	3,701	0	0
APPLE INC COM	COM	037833100	1,366	5,371	SH		SOLE	NA	5,371	0	0
ARES CAP CORP COM	COM	04010L103	11,456	1,062,706	SH		SOLE	NA	1,062,706	0	0
AT&T INC COM	COM	00206R102	599	20,563	SH		SOLE	NA	20,563	0	0
ATLANTICA YIELD PLC	SHS	G0751N103	9,611	431,009	SH		SOLE	NA	431,009	0	0
BERKSHIRE HATHAWAY INC DEL CL B NEW	CL B NEW	084670702	346	1,894	SH		SOLE	NA	1,894	0	0
BLACKROCK CORPORATE HIGH YIELD FD VI INC C	COM	09255P107	12,583	1,429,901	SH		SOLE	NA	1,429,901	0	0
BRISTOL MYERS SQUIBB CO COM	COM	110122108	9,504	170,497	SH		SOLE	NA	170,497	0	0
CANOPY GROWTH CORP SHS	COM	138035100	451	31,356	SH		SOLE	NA	31,356	0	0
CARLYLE GROUP INC COM	COM	14316J108	270	12,491	SH		SOLE	NA	12,491	0	0
CHARLOTTES WEB HOLDINGS INC	COM	16106R109	263	60,462	SH		SOLE	NA	60,462	0	0
CHENIERE ENERGY INC COM NEW	COM NEW	16411R208	328	9,804	SH		SOLE	NA	9,804	0	0
CHENIERE ENERGY PARTNERS L P COM UNIT REPT	COM UNIT	16411Q101	6,713	248,555	SH		SOLE	NA	248,555	0	0
CLEARBRIDGE ENERGY MLP FD INC COM	COM	184692101	4,354	2,379,384	SH		SOLE	NA	2,379,384	0	0
CLEARBRIDGE ENERGY MLP OPPORTUNITY FD INC	COM	18469P100	5,119	3,938,077	SH		SOLE	NA	3,938,077	0	0
COHEN & STEERS INFRASTRUCTURE FD INC COM	COM	19248A109	18,471	979,880	SH		SOLE	NA	979,880	0	0
DANAHER CORP COM	COM	235851102	317	2,289	SH		SOLE	NA	2,289	0	0
DEERE & CO	COM	244199105	317	2,296	SH		SOLE	NA	2,296	0	0
DOUBLELINE INCOME SOLUTIONS FD	COM	258622109	31,325	2,348,194	SH		SOLE	NA	2,348,194	0	0
ELI LILLY & CO COM	COM	532457108	3,079	22,195	SH		SOLE	NA	22,195	0	0
ENERGY TRANSFER LP COM UNITS	COM UT LTD PTN	29273V100	3,729	810,615	SH		SOLE	NA	810,615	0	0
ENTERPRISE PRODS PARTNERS L P COM UNIT	COM	293792107	5,193	363,118	SH		SOLE	NA	363,118	0	0
EXXON MOBIL CORP COM	COM	30231G102	1,218	32,071	SH		SOLE	NA	32,071	0	0
FACEBOOK INC CL A	CL A	30303M102	216	1,296	SH		SOLE	NA	1,296	0	0
GENERAL MNY MKT FUND	MONEY MARKET	370990228	63,145	63,144,603	SH		SOLE	NA	63,144,603	0	0
GLOBAL X FDS GLOBAL X MLP ETF	GLBL X MLP ETF	37950E473	8,067	2,560,878	SH		SOLE	NA	2,560,878	0	0
INVESCO VAN KAMPEN DYNAMIC CR OPP FD COM	COM	46132R104	1,269	159,055	SH		SOLE	NA	159,055	0	0
JOHNSON & JOHNSON COM	COM	478160104	551	4,201	SH		SOLE	NA	4,201	0	0
KINDER MORGAN INC	COM	49456B101	11,798	847,537	SH		SOLE	NA	847,537	0	0
MAIN STR CAP CORP	COM	56035L104	7,928	386,554	SH		SOLE	NA	386,554	0	0
MASTERCARD INC CL A	CL A	57636Q104	600	2,482	SH		SOLE	NA	2,482	0	0
MERCK & CO INC NEW COM	COM	58933Y105	356	4,630	SH		SOLE	NA	4,630	0	0
MESA RTY TR UNIT BEN INT	UNIT BEN INT	590660106	243	50,187	SH		SOLE	NA	50,187	0	0
MICROSOFT CORP COM	COM	594918104	857	5,437	SH		SOLE	NA	5,437	0	0
MONDELEZ INTL INC CL A	CL A	609207105	204	4,081	SH		SOLE	NA	4,081	0	0
NIKE INC CLASS B	CL B	654106103	246	2,970	SH		SOLE	NA	2,970	0	0
NUVEEN GLOBAL HIGH INCOME FD SHS	SHS	67075G103	31,008	2,773,539	SH		SOLE	NA	2,773,539	0	0
PERMIAN BASIN RTY TR UNIT BEN INT	UNIT BEN INT	714236106	311	110,361	SH		SOLE	NA	110,361	0	0
PERMIANVILLE RTY TR TR UNIT	TR UNIT	71425H100	262	246,785	SH		SOLE	NA	246,785	0	0
PFIZER INC COM	COM	717081103	463	14,187	SH		SOLE	NA	14,187	0	0
PHILIP MORRIS INTL INC COM	COM	718172109	459	6,294	SH		SOLE	NA	6,294	0	0
PIMCO DYNAMIC CREDIT INCOME FD COM SHS	COM SHS	72202D106	21,985	1,307,073	SH		SOLE	NA	1,307,073	0	0
PLAINS ALL AMERICAN PIPELINE L P UNIT LTD	UNIT LTD PARTN	726503105	2,448	463,607	SH		SOLE	NA	463,607	0	0
PROCTER & GAMBLE CO COM	COM	742718109	875	7,953	SH		SOLE	NA	7,953	0	0
SQUARE INC CL A	CL A	852234103	249	4,751	SH		SOLE	NA	4,751	0	0
TEMPLETN EM MKT INCOME COM	COM	880192109	27,236	3,641,127	SH		SOLE	NA	3,641,127	0	0
TEXAS INSTRUMENTS INC	COM	882508104	3,238	32,401	SH		SOLE	NA	32,401	0	0
VISA INC COM CL A	COM CL A	92826C839	3,694	22,928	SH		SOLE	NA	22,928	0	0
VOC ENERGY TR TR UNIT	TR UNIT	91829B103	249	157,290	SH		SOLE	NA	157,290	0	0
WAL MART STORES INC COM	COM	931142103	231	2,032	SH		SOLE	NA	2,032	0	0
WESTERN ASSET EMERGING MKTS DEBT FD INC	COM	95766A101	35,271	3,349,526	SH		SOLE	NA	3,349,526	0	0
WESTERN ASSET GLOBAL CORP DEFINED OPPTNTY	COM	95790C107	601	43,750	SH		SOLE	NA	43,750	0	0
CALIFORNIA ST STWD COMMUNITY DEV AUTH EDU FAC REVENUE INDEPENDENCE PROJ	MUNICIPAL BOND	13079HAG6	3,884	6,165,000	PRN		SOLE	NA	6,165,000	0	0
CAMERON TX EDU CORP REVENUE FAITH FAMILY ACADEMY - SERIES A	MUNICIPAL BOND	133582AN6	1,600	1,600,000	PRN		SOLE	NA	1,600,000	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
DEFAULT - CAPITAL TR AGY FLA TAXABLE 1ST MTG-SILVER CREEK ST. AUGUSTINE	MUNICIPAL BOND	14052WBX4	483	755,000	PRN		SOLE	NA	755,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE	MUNICIPAL BOND	307149AM6	1,605	2,000,000	PRN		SOLE	NA	2,000,000	0	0
FANNIN CNTY TX PUBLIC FAC CORP REVENUE TXBLE-REF	MUNICIPAL BOND	307149AN4	492	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	1,310	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	536	570,000	PRN		SOLE	NA	570,000	0	0
LA PAZ CNTY ARIZ ED FAC LEASE REV CHARTER SCH SOLUTIONS	MUNICIPAL BOND	50376FAF4	5,058	5,700,000	PRN		SOLE	NA	5,700,000	0	0
MOUNT ORAB OH PORT AUTH AUTOMALL PROJECT	MUNICIPAL BOND	622266AA2	4,759	5,050,000	PRN		SOLE	NA	5,050,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER A	MUNICIPAL BOND	72177MJQ1	3,614	3,845,000	PRN		SOLE	NA	3,845,000	0	0
PIMA CNTY AZ INDL DEV AUTH EDU REVENUE GRIFFIN FNDTN PROJ SER B	MUNICIPAL BOND	72177MJR9	526	560,000	PRN		SOLE	NA	560,000	0	0
PRAIRIELAND DETENTION CENTER PROJ - PUB FAC CORP TEXAS PROJ REV TAXABLE	MUNICIPAL BOND	73972CAN4	4,677	5,725,000	PRN		SOLE	NA	5,725,000	0	0
PUBLIC FIN AUTH WIS ED REV TRIAD EDUCATION SERVICES INC	MUNICIPAL BOND	74442EAX8	1,580	1,725,000	PRN		SOLE	NA	1,725,000	0	0
SILICON VLY CA TOBACCO SECURITIZATION AUTH TABACCO SETTLEM CAP APPREC	MUNICIPAL BOND	82706TAD3	274	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	677	675,000	PRN		SOLE	NA	675,000	0	0
TULANE UNIV LA RFDG-TULANE UNIV-C	MUNICIPAL BOND	899062BQ5	790	840,000	PRN		SOLE	NA	840,000	0	0