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
Estimated average burden
hours per response: 23.8
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
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 239 6,322 SH   DFND   0 6,322 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 1,196 42,015 SH   DFND   0 42,015 0
GAIAM INC CL A 36268Q103 9,038 1,803,997 SH   DFND   0 1,803,997 0
REAL GOODS SOLAR INC CL A 75601N104 2,401 860,210 SH   DFND   0 860,210 0
U S GLOBAL INVS INC CL A 902952100 5,307 1,855,527 SH   DFND   0 1,855,527 0
UNITED PARCEL SERVICE INC CL B 911312106 238 2,608 SH   DFND   0 2,608 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 747 6,577 SH   DFND   0 6,577 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 30,992 4,402,317 SH   DFND   0 4,402,317 0
AMERICAN SELECT PORTFOLIO IN COM 029570108 5,031 523,561 SH   DFND   0 523,561 0
AMERICAN STRATEGIC INCOME II COM 03009T101 550 79,420 SH   DFND   0 79,420 0
APACHE CORP COM 037411105 210 2,464 SH   DFND   0 2,464 0
APPLE INC COM 037833100 922 1,933 SH   DFND   0 1,933 0
BANCROFT FUND LTD COM 059695106 1,741 97,166 SH   DFND   0 97,166 0
BLACKROCK CR ALLCTN INC TR COM 092508100 18,945 1,452,842 SH   DFND   0 1,452,842 0
BOULDER TOTAL RETURN FD INC COM 101541100 780 35,780 SH   DFND   0 35,780 0
CALAMOS GBL DYN INCOME FUND COM 12811L107 119 13,950 SH   DFND   0 13,950 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,899 96,183 SH   DFND   0 96,183 0
COLGATE PALMOLIVE CO COM 194162103 712 12,000 SH   DFND   0 12,000 0
CONSOLIDATED EDISON INC COM 209115104 460 8,343 SH   DFND   0 8,343 0
CUTWATER SELECT INCOME FD COM 232229104 3,255 182,970 SH   DFND   0 182,970 0
DTE ENERGY CO COM 233331107 236 3,575 SH   DFND   0 3,575 0
DENALI FD INC COM 24823A102 322 16,924 SH   DFND   0 16,924 0
EXXON MOBIL CORP COM 30231G102 203 2,355 SH   DFND   0 2,355 0
FASTENAL CO COM 311900104 3,551 70,639 SH   DFND   0 70,639 0
FIRST FED NORTHN MICH BANCOR COM 32021X105 807 182,067 SH   DFND   0 182,067 0
FORT DEARBORN INCOME SECS IN COM 347200107 2,686 192,427 SH   DFND   0 192,427 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 3,933 156,694 SH   DFND   0 156,694 0
INVESCO BD FD COM 46132L107 2,958 168,622 SH   DFND   0 168,622 0
LAZARD WORLD DIVID & INCOME COM 521076109 447 33,380 SH   DFND   0 33,380 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 2,934 175,363 SH   DFND   0 175,363 0
LIFEWAY FOODS INC COM 531914109 1,406 104,053 SH   DFND   0 104,053 0
MANNKIND CORP COM 56400P201 66 11,600 SH   DFND   0 11,600 0
MICROSOFT CORP COM 594918104 514 15,433 SH   DFND   0 15,433 0
MONTGOMERY STR INCOME SECS I COM 614115103 8,156 519,166 SH   DFND   0 519,166 0
NORTHEAST UTILS COM 664397106 1,232 29,860 SH   DFND   0 29,860 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 194 22,325 SH   DFND   0 22,325 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 1,845 157,323 SH   DFND   0 157,323 0
PROCTER & GAMBLE CO COM 742718109 438 5,793 SH   DFND   0 5,793 0
ROYCE MICRO-CAP TR INC COM 780915104 640 54,635 SH   DFND   0 54,635 0
SILVER WHEATON CORP COM 828336107 4,571 184,536 SH   DFND   0 184,536 0
STRATEGIC GLOBAL INCOME FD COM 862719101 4,166 448,409 SH   DFND   0 448,409 0
TEMPLETON DRAGON FD INC COM 88018T101 1,319 50,665 SH   DFND   0 50,665 0
TOFUTTI BRANDS INC COM 88906B105 184 87,300 SH   DFND   0 87,300 0
VIRTUS TOTAL RETURN FD COM 92829A103 5,031 1,276,802 SH   DFND   0 1,276,802 0
WALGREEN CO COM 931422109 241 4,480 SH   DFND   0 4,480 0
WELLS FARGO & CO NEW COM 949746101 283 6,844 SH   DFND   0 6,844 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 620 49,347 SH   DFND   0 49,347 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 24,503 2,112,287 SH   DFND   0 2,112,287 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 2,421 136,067 SH   DFND   0 136,067 0
DOVER SADDLERY INC COM 260412101 1,647 366,800 SH   DFND   0 366,800 0
DOMINION DIAMOND CORP COM 257287102 4,140 339,655 SH   DFND   0 339,655 0
KINROSS GOLD CORP COM NO PAR 496902404 52 10,327 SH   DFND   0 10,327 0
VIASYSTEMS GROUP INC COM PAR$.01 92553H803 162 11,190 SH   DFND   0 11,190 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 6,238 485,032 SH   DFND   0 485,032 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 17,010 1,421,025 SH   DFND   0 1,421,025 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 1,547 132,928 SH   DFND   0 132,928 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 4,186 4,363,000 SH   DFND   0 4,363,000 0
INTEL CORP SDCV 2.950%12/1 458140AD2 17 16,000 SH   DFND   0 16,000 0
FRANKLIN UNVL TR SH BEN INT 355145103 5,375 786,962 SH   DFND   0 786,962 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 674 101,951 SH   DFND   0 101,951 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,730 216,223 SH   DFND   0 216,223 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 2,282 467,613 SH   DFND   0 467,613 0
NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 2,470 94,768 SH   DFND   0 94,768 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 3,438 281,795 SH   DFND   0 281,795 0
AMERICAN STRATEGIC INCM PTFL COM 030098107 1,607 164,505 SH   DFND   0 164,505 0
AMERN STRATEGIC INCOME PTFL COM 030099105 3,385 417,426 SH   DFND   0 417,426 0
ARCHER DANIELS MIDLAND CO COM 039483102 313 8,501 SH   DFND   0 8,501 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 5,050 338,727 SH   DFND   0 338,727 0
BLACKROCK INCOME OPP TRUST I COM 092475102 1,855 187,413 SH   DFND   0 187,413 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 941 53,908 SH   DFND   0 53,908 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 318 22,742 SH   DFND   0 22,742 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 6,148 684,591 SH   DFND   0 684,591 0
B2GOLD CORP COM 11777Q209 1,166 470,290 SH   DFND   0 470,290 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 118 11,850 SH   DFND   0 11,850 0
COMSTOCK MNG INC COM 205750102 1,087 604,106 SH   DFND   0 604,106 0
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 1,293 74,285 SH   DFND   0 74,285 0
MADISON CVRED CALL & EQ STR COM 557437100 5,180 653,190 SH   DFND   0 653,190 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 339 22,628 SH   DFND   0 22,628 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 1,651 99,263 SH   DFND   0 99,263 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 110 14,500 SH   DFND   0 14,500 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 4,613 584,721 SH   DFND   0 584,721 0
RIO TINTO PLC SPONSORED ADR 767204100 4,930 101,098 SH   DFND   0 101,098 0
TRAVELERS COMPANIES INC COM 89417E109 265 3,126 SH   DFND   0 3,126 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 6,614 467,777 SH   DFND   0 467,777 0
ZWEIG FD COM NEW 989834205 351 25,940 SH   DFND   0 25,940 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 2,002 152,814 SH   DFND   0 152,814 0