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 |
ALLSPRING INCOME OPPORTUNIT | INC OPPTY FD | 94987B105 | 1,039,538 | 156,557 | SH | | SOLE | | 156,557 | 0 | 0 |
BLACKROCK INCOME TR INC | COM NEW | 09247F209 | 1,247,418 | 104,825 | SH | | SOLE | | 104,825 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 2,401,396 | 221,123 | SH | | SOLE | | 221,123 | 0 | 0 |
BLACKROCK MUNIHLDNGS CALI QL | COM | 09254L107 | 306,397 | 27,829 | SH | | SOLE | | 27,829 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 522,680 | 74,034 | SH | | SOLE | | 74,034 | 0 | 0 |
BLACKROCK MUNIYIELD FD INC | COM | 09253W104 | 638,173 | 57,701 | SH | | SOLE | | 57,701 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 | 315,743 | 27,552 | SH | | SOLE | | 27,552 | 0 | 0 |
DOUBLELINE ETF TRUST | COMMERCIAL REAL | 25861R303 | 783,230 | 15,282 | SH | | SOLE | | 15,282 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 542,836 | 57,443 | SH | | SOLE | | 57,443 | 0 | 0 |
FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 | 469,569 | 32,295 | SH | | SOLE | | 32,295 | 0 | 0 |
FIRST TR INTER DURATN PFD & | COM | 33718W103 | 2,782,008 | 155,246 | SH | | SOLE | | 155,246 | 0 | 0 |
FRANKLIN LTD DURATION INCOME | COM | 35472T101 | 793,036 | 126,481 | SH | | SOLE | | 126,481 | 0 | 0 |
INVESCO MUN OPPORTUNITY TR | COM | 46132C107 | 1,400,089 | 143,894 | SH | | SOLE | | 143,894 | 0 | 0 |
INVESCO MUNICIPAL TRUST | COM | 46131J103 | 2,101,117 | 216,610 | SH | | SOLE | | 216,610 | 0 | 0 |
INVESCO QQQ TR | UNIT SER 1 | 46090E103 | 1,715,655 | 3,864 | SH | | SOLE | | 3,864 | 0 | 0 |
INVESCO QUALITY MUN INCOME T | COM | 46133G107 | 2,350,730 | 242,844 | SH | | SOLE | | 242,844 | 0 | 0 |
INVESCO VALUE MUN INCOME TR | COM | 46132P108 | 1,239,348 | 103,279 | SH | | SOLE | | 103,279 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 750,250 | 9,652 | SH | | SOLE | | 9,652 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 472,604 | 4,339 | SH | | SOLE | | 4,339 | 0 | 0 |
ISHARES TR | MBS ETF | 464288588 | 957,286 | 10,358 | SH | | SOLE | | 10,358 | 0 | 0 |
ISHARES TR | PFD AND INCM SEC | 464288687 | 475,457 | 14,752 | SH | | SOLE | | 14,752 | 0 | 0 |
MORGAN STANLEY EMERGING MKTS | COM | 617477104 | 2,031,279 | 427,638 | SH | | SOLE | | 427,638 | 0 | 0 |
NUVEEN AMT FREE MUN CR INC F | COM | 67071L106 | 4,149,104 | 341,490 | SH | | SOLE | | 341,490 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | 2,068,684 | 186,873 | SH | | SOLE | | 186,873 | 0 | 0 |
NUVEEN CA QUALTY MUN INCOME | COM | 67066Y105 | 806,300 | 73,167 | SH | | SOLE | | 73,167 | 0 | 0 |
NUVEEN CALIFORNIA AMT QLT MU | COM | 670651108 | 788,231 | 64,875 | SH | | SOLE | | 64,875 | 0 | 0 |
NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 67070X101 | 4,196,239 | 342,830 | SH | | SOLE | | 342,830 | 0 | 0 |
NUVEEN PFD & INCOME OPPORTUN | COM | 67073B106 | 2,084,230 | 289,879 | SH | | SOLE | | 289,879 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 4,143,661 | 361,576 | SH | | SOLE | | 361,576 | 0 | 0 |
NUVEEN VRIABL RAT PFD & INM | COM | 67080R102 | 724,710 | 40,464 | SH | | SOLE | | 40,464 | 0 | 0 |
PGIM GLOBAL HIGH YIELD FD FO | COM | 69346J106 | 1,386,331 | 115,914 | SH | | SOLE | | 115,914 | 0 | 0 |
PGIM HIGH YIELD BOND FUND IN | COM | 69346H100 | 461,509 | 35,528 | SH | | SOLE | | 35,528 | 0 | 0 |
PGIM SHORT DUR HIG YLD OPP F | COM | 69355J104 | 809,711 | 52,647 | SH | | SOLE | | 52,647 | 0 | 0 |
PIMCO DYNAMIC INCOME STRATEG | COM SHS BEN INT | 69346N107 | 1,618,259 | 76,297 | SH | | SOLE | | 76,297 | 0 | 0 |
SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | 12,614,330 | 137,411 | SH | | SOLE | | 137,411 | 0 | 0 |
SPDR SER TR | S&P BIOTECH | 78464A870 | 398,443 | 4,199 | SH | | SOLE | | 4,199 | 0 | 0 |
TEMPLETON EMERGING MKTS INCO | COM | 880192109 | 1,554,761 | 286,328 | SH | | SOLE | | 286,328 | 0 | 0 |
UNITEDHEALTH GROUP INC | COM | 91324P102 | 200,624 | 406 | SH | | SOLE | | 406 | 0 | 0 |
VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | 5,581,253 | 24,416 | SH | | SOLE | | 24,416 | 0 | 0 |
VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 14,084,029 | 29,299 | SH | | SOLE | | 29,299 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 | 4,378,666 | 104,828 | SH | | SOLE | | 104,828 | 0 | 0 |
VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 | 8,510,437 | 169,632 | SH | | SOLE | | 169,632 | 0 | 0 |
WESTERN ASSET EMERGING MKTS | COM | 95766A101 | 2,832,865 | 294,783 | SH | | SOLE | | 294,783 | 0 | 0 |
WESTERN ASSET MANAGED MUNS F | COM | 95766M105 | 2,942,009 | 281,532 | SH | | SOLE | | 281,532 | 0 | 0 |