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
AEGON N V NY REGISTRY SH 007924103 104 12,623 SH   DFND   0 12,623 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 30,564 4,075,188 SH   DFND   0 4,075,188 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 15,436 1,279,934 SH   DFND   0 1,279,934 0
APPLE INC COM 037833100 331 3,283 SH   DFND   0 3,283 0
AT&T INC COM 00206R102 3,848 109,191 SH   DFND   0 109,191 0
B2GOLD CORP COM 11777Q209 3,479 1,713,810 SH   DFND   0 1,713,810 0
BANCROFT FUND LTD COM 059695106 1,041 52,686 SH   DFND   0 52,686 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,024 7,410 SH   DFND   0 7,410 0
BIRNER DENTAL MGMT SERVICES COM NEW 091283200 495 29,151 SH   DFND   0 29,151 0
BLACKROCK CR ALLCTN INC TR COM 092508100 15,844 1,190,385 SH   DFND   0 1,190,385 0
BLACKROCK INCOME OPP TRUST I COM 092475102 1,180 113,889 SH   DFND   0 113,889 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257P105 2,762 139,000 SH   DFND   0 139,000 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 2,625 181,386 SH   DFND   0 181,386 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 9,721 1,147,674 SH   DFND   0 1,147,674 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 552 27,599 SH   DFND   0 27,599 0
BOULDER TOTAL RETURN FD INC COM 101541100 584 22,181 SH   DFND   0 22,181 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 176 15,067 SH   DFND   0 15,067 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 110 13,093 SH   DFND   0 13,093 0
CHAMBERS STR PPTYS COM 157842105 1,247 165,540 SH   DFND   0 165,540 0
CINEDIGM CORP COM 172406100 1,478 953,531 SH   DFND   0 953,531 0
COEUR MNG INC COM NEW 192108504 3,924 791,158 SH   DFND   0 791,158 0
COFFEE HLDGS INC COM 192176105 515 93,807 SH   DFND   0 93,807 0
COHEN & STEERS CLOSED END OP COM 19248P106 4,889 375,244 SH   DFND   0 375,244 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,611 69,597 SH   DFND   0 69,597 0
COLGATE PALMOLIVE CO COM 194162103 805 12,350 SH   DFND   0 12,350 0
COMSTOCK MNG INC COM 205750102 817 675,164 SH   DFND   0 675,164 0
CONSOLIDATED EDISON INC COM 209115104 473 8,343 SH   DFND   0 8,343 0
COTT CORP QUE COM 22163N106 4,630 673,911 SH   DFND   0 673,911 0
CUTWATER SELECT INCOME FD COM 232229104 2,160 109,361 SH   DFND   0 109,361 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 997 78,138 SH   DFND   0 78,138 0
DIGITAL RLTY TR INC COM 253868103 1,488 23,855 SH   DFND   0 23,855 0
DOMINION DIAMOND CORP COM 257287102 6,377 447,800 SH   DFND   0 447,800 0
DOVER SADDLERY INC COM 260412101 834 162,333 SH   DFND   0 162,333 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 1,038 88,228 SH   DFND   0 88,228 0
DTE ENERGY CO COM 233331107 538 7,075 SH   DFND   0 7,075 0
EARTHLINK HLDGS CORP COM 27033X101 52 15,346 SH   DFND   0 15,346 0
EATON VANCE MUN INCOME TERM SHS 27829U105 2,187 126,000 SH   DFND   0 126,000 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 2,019 101,291 SH   DFND   0 101,291 0
FASTENAL CO COM 311900104 1,160 25,837 SH   DFND   0 25,837 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 3,051 226,478 SH   DFND   0 226,478 0
FIRST FED NORTHN MICH BANCOR COM 32021X105 340 63,730 SH   DFND   0 63,730 0
FIRST TR INTER DUR PFD & IN COM 33718W103 3,298 151,844 SH   DFND   0 151,844 0
FORT DEARBORN INCOME SECS IN COM 347200107 2,496 172,507 SH   DFND   0 172,507 0
FRANKLIN UNVL TR SH BEN INT 355145103 7,689 1,095,324 SH   DFND   0 1,095,324 0
GABELLI GLB SML & MD CP VAL COM 36249W104 747 72,981 SH   DFND   0 72,981 0
GAIAM INC CL A 36268Q103 13,002 1,771,355 SH   DFND   0 1,771,355 0
GDL FUND COM SH BEN IT 361570104 1,660 157,450 SH   DFND   0 157,450 0
GOLDCORP INC NEW COM 380956409 2,291 99,483 SH   DFND   0 99,483 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 13,825 1,051,353 SH   DFND   0 1,051,353 0
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 3,396 164,762 SH   DFND   0 164,762 0
HARRIS & HARRIS GROUP INC COM 413833104 2,220 745,077 SH   DFND   0 745,077 0
INVESCO BD FD COM 46132L107 2,269 122,137 SH   DFND   0 122,137 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 2,478 204,432 SH   DFND   0 204,432 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,112 161,100 SH   DFND   0 161,100 0
JANUS CAP GROUP INC COM 47102X105 7,028 483,350 SH   DFND   0 483,350 0
KINROSS GOLD CORP COM NO PAR 496902404 3,942 1,194,468 SH   DFND   0 1,194,468 0
LAZARD WORLD DIVID & INCOME COM 521076109 156 10,875 SH   DFND   0 10,875 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 1,455 85,971 SH   DFND   0 85,971 0
LEXINGTON REALTY TRUST COM 529043101 2,310 235,975 SH   DFND   0 235,975 0
LEXINGTON REALTY TRUST COM 529043101 431 38,417 SH   DFND   0 38,417 0
LIFE TIME FITNESS INC COM 53217R207 5,830 115,575 SH   DFND   0 115,575 0
LIFEWAY FOODS INC COM 531914109 1,518 109,434 SH   DFND   0 109,434 0
MADISON CVRED CALL & EQ STR COM 557437100 725 86,357 SH   DFND   0 86,357 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 264 14,800 SH   DFND   0 14,800 0
MEDICAL PPTYS TRUST INC COM 58463J304 5,062 412,881 SH   DFND   0 412,881 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,026 122,833 SH   DFND   0 122,833 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 898 98,250 SH   DFND   0 98,250 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 4,911 765,010 SH   DFND   0 765,010 0
MONTGOMERY STR INCOME SECS I COM 614115103 7,341 449,843 SH   DFND   0 449,843 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 295 18,049 SH   DFND   0 18,049 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 347 22,408 SH   DFND   0 22,408 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 1,326 74,272 SH   DFND   0 74,272 0
NOAH HLDGS LTD SPONSORED ADS 65487X102 593 44,185 SH   DFND   0 44,185 0
NORTHEAST UTILS COM 664397106 1,323 29,860 SH   DFND   0 29,860 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 4,201 470,415 SH   DFND   0 470,415 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 2,211 178,851 SH   DFND   0 178,851 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 1,859 145,460 SH   DFND   0 145,460 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,398 272,478 SH   DFND   0 272,478 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 200 21,725 SH   DFND   0 21,725 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 7,519 898,373 SH   DFND   0 898,373 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 233 28,549 SH   DFND   0 28,549 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 554 41,877 SH   DFND   0 41,877 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 947 68,300 SH   DFND   0 68,300 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 807 58,514 SH   DFND   0 58,514 0
PFIZER INC COM 717081103 242 8,181 PRN   DFND   0 8,181 0
POWER REIT COM 73933H101 145 14,289 SH   DFND   0 14,289 0
PROCTER & GAMBLE CO COM 742718109 683 8,160 SH   DFND   0 8,160 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 337 66,971 SH   DFND   0 66,971 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 2,824 241,345 SH   DFND   0 241,345 0
REAL GOODS SOLAR INC CL A 75601N104 85 49,178 SH   DFND   0 49,178 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 571 65,599 SH   DFND   0 65,599 0
ROYCE MICRO-CAP TR INC COM 780915104 532 45,158 SH   DFND   0 45,158 0
SILVER WHEATON CORP COM 828336107 5,725 287,265 SH   DFND   0 287,265 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 985 59,070 SH   DFND   0 59,070 0
STRATEGIC GLOBAL INCOME FD COM 862719101 4,948 560,384 SH   DFND   0 560,384 0
TEMPLETON DRAGON FD INC COM 88018T101 929 36,022 SH   DFND   0 36,022 0
TEMPLETON GLOBAL INCOME FD COM 880198106 370 46,587 SH   DFND   0 46,587 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 185 14,705 SH   DFND   0 14,705 0
TERADATA CORP DEL COM 88076W103 2,104 50,187 SH   DFND   0 50,187 0
TIVO INC COM 888706108 1,602 125,210 SH   DFND   0 125,210 0
TRAVELZOO INC COM NEW 89421Q205 1,529 98,650 SH   DFND   0 98,650 0
U S GLOBAL INVS INC CL A 902952100 9,144 2,575,652 SH   DFND   0 2,575,652 0
VIRTUS TOTAL RETURN FD COM 92829A103 1,266 272,268 SH   DFND   0 272,268 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 5,644 171,608 SH   DFND   0 171,608 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 5,257 376,601 SH   DFND   0 376,601 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 26,304 2,269,544 SH   DFND   0 2,269,544 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 2,658 230,337 SH   DFND   0 230,337 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 3,026 166,352 SH   DFND   0 166,352 0
WESTERN ASSET INTM MUNI FD I COM 958435109 107 11,000 SH   DFND   0 11,000 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 951 77,704 SH   DFND   0 77,704 0
WESTERN ASST MN PRT FD INC COM 95766P108 1,444 97,162 SH   DFND   0 97,162 0
ZWEIG FD COM NEW 989834205 333 21,936 SH   DFND   0 21,936 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 678 48,946 SH   DFND   0 48,946 0