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 109 12,446 SH   DFND   0 12,446 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 35,702 4,747,642 SH   DFND   0 4,747,642 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 14,398 1,149,118 SH   DFND   0 1,149,118 0
AMERICAN SELECT PORTFOLIO IN COM 029570108 4,572 427,263 SH   DFND   0 427,263 0
AMERICAN STRATEGIC INCM PTFL COM 030098107 1,549 150,980 SH   DFND   0 150,980 0
AMERN STRATEGIC INCOME PTFL COM 030099105 968 110,243 SH   DFND   0 110,243 0
APACHE CORP COM 037411105 248 2,464 SH   DFND   0 2,464 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 1,267 70,300 SH   DFND   0 70,300 0
AT&T INC COM 00206R102 3,776 106,783 SH   DFND   0 106,783 0
B2GOLD CORP COM 11777Q209 2,740 938,295 SH   DFND   0 938,295 0
BANCROFT FUND LTD COM 059695106 1,077 53,374 SH   DFND   0 53,374 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 926 7,320 SH   DFND   0 7,320 0
BLACKROCK CR ALLCTN INC TR COM 092508100 15,858 1,153,295 SH   DFND   0 1,153,295 0
BLACKROCK INCOME OPP TRUST I COM 092475102 1,245 114,639 SH   DFND   0 114,639 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257P105 2,498 123,000 SH   DFND   0 123,000 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 2,311 158,304 SH   DFND   0 158,304 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 13,323 1,418,826 SH   DFND   0 1,418,826 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 592 28,253 SH   DFND   0 28,253 0
BOULDER TOTAL RETURN FD INC COM 101541100 574 22,351 SH   DFND   0 22,351 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 2,635 126,271 SH   DFND   0 126,271 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 259 21,548 SH   DFND   0 21,548 0
COEUR MNG INC COM NEW 192108504 7,146 778,388 SH   DFND   0 778,388 0
COFFEE HLDGS INC COM 192176105 666 94,307 SH   DFND   0 94,307 0
COHEN & STEERS CLOSED END OP COM 19248P106 4,679 346,045 SH   DFND   0 346,045 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,417 57,861 SH   DFND   0 57,861 0
COLGATE PALMOLIVE CO COM 194162103 832 12,200 SH   DFND   0 12,200 0
COMSTOCK MNG INC COM 205750102 1,131 677,314 SH   DFND   0 677,314 0
CONSOLIDATED EDISON INC COM 209115104 482 8,343 SH   DFND   0 8,343 0
COTT CORP QUE COM 22163N106 4,398 622,028 SH   DFND   0 622,028 0
CUTWATER SELECT INCOME FD COM 232229104 2,221 110,261 SH   DFND   0 110,261 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 992 76,938 SH   DFND   0 76,938 0
DIGITAL RLTY TR INC COM 253868103 2,466 42,280 SH   DFND   0 42,280 0
DOMINION DIAMOND CORP COM 257287102 6,413 443,825 SH   DFND   0 443,825 0
DOVER SADDLERY INC COM 260412101 1,389 255,750 SH   DFND   0 255,750 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 663 56,000 SH   DFND   0 56,000 0
DTE ENERGY CO COM 233331107 551 7,075 SH   DFND   0 7,075 0
EATON VANCE MUN INCOME TERM SHS 27829U105 2,123 126,000 SH   DFND   0 126,000 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 2,026 101,291 SH   DFND   0 101,291 0
FASTENAL CO COM 311900104 3,470 70,113 SH   DFND   0 70,113 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 3,247 240,733 SH   DFND   0 240,733 0
FEDERATED PREM INTR MUN INC COM 31423M105 582 44,150 SH   DFND   0 44,150 0
FIRST FED NORTHN MICH BANCOR COM 32021X105 967 157,956 SH   DFND   0 157,956 0
FIRST TR INTER DUR PFD & IN COM 33718W103 3,480 152,169 SH   DFND   0 152,169 0
FORT DEARBORN INCOME SECS IN COM 347200107 2,605 174,977 SH   DFND   0 174,977 0
FRANKLIN UNVL TR SH BEN INT 355145103 7,930 1,053,424 SH   DFND   0 1,053,424 0
GAIAM INC CL A 36268Q103 13,653 1,777,785 SH   DFND   0 1,777,785 0
GOLDCORP INC NEW COM 380956409 2,173 77,853 SH   DFND   0 77,853 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 16,703 1,229,077 SH   DFND   0 1,229,077 0
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 7,455 356,198 SH   DFND   0 356,198 0
HARRIS & HARRIS GROUP INC COM 413833104 2,010 632,042 SH   DFND   0 632,042 0
INVESCO BD FD COM 46132L107 2,356 122,837 SH   DFND   0 122,837 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 2,441 198,812 SH   DFND   0 198,812 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,895 145,400 SH   DFND   0 145,400 0
LAZARD WORLD DIVID & INCOME COM 521076109 165 10,875 SH   DFND   0 10,875 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 1,590 86,651 SH   DFND   0 86,651 0
LIFEWAY FOODS INC COM 531914109 1,433 102,526 SH   DFND   0 102,526 0
MADISON CVRED CALL & EQ STR COM 557437100 764 86,883 SH   DFND   0 86,883 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 371 20,800 SH   DFND   0 20,800 0
MEDICAL PPTYS TRUST INC COM 58463J304 6,016 454,355 SH   DFND   0 454,355 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,054 123,558 SH   DFND   0 123,558 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 422 45,500 SH   DFND   0 45,500 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 2,969 446,518 SH   DFND   0 446,518 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 4,730 239,625 SH   DFND   0 239,625 0
MONTGOMERY STR INCOME SECS I COM 614115103 7,583 454,612 SH   DFND   0 454,612 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 191 11,421 SH   DFND   0 11,421 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 371 23,104 SH   DFND   0 23,104 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 1,342 74,372 SH   DFND   0 74,372 0
NOAH HLDGS LTD SPONSORED ADS 65487X102 605 42,800 SH   DFND   0 42,800 0
NORTHEAST UTILS COM 664397106 1,411 29,860 SH   DFND   0 29,860 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 2,307 180,951 SH   DFND   0 180,951 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 1,873 145,960 SH   DFND   0 145,960 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,405 270,478 SH   DFND   0 270,478 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 211 21,725 SH   DFND   0 21,725 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 7,595 874,964 SH   DFND   0 874,964 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 243 28,536 SH   DFND   0 28,536 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 824 58,514 SH   DFND   0 58,514 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 573 41,877 SH   DFND   0 41,877 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 962 68,300 SH   DFND   0 68,300 0
PFIZER INC COM 717081103 233 7,851 SH   DFND   0 7,851 0
POWER REIT COM 73933H101 129 14,289 SH   DFND   0 14,289 0
PROCTER & GAMBLE CO COM 742718109 623 7,925 SH   DFND   0 7,925 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 353 68,621 SH   DFND   0 68,621 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 2,525 214,900 SH   DFND   0 214,900 0
REAL GOODS SOLAR INC CL A 75601N104 546 183,078 SH   DFND   0 183,078 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 4,617 4,294,000 PRN   DFND   0 4,294,000 0
ROYCE MICRO-CAP TR INC COM 780915104 569 45,100 SH   DFND   0 45,100 0
SILVER WHEATON CORP COM 828336107 7,507 285,757 SH   DFND   0 285,757 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 994 59,537 SH   DFND   0 59,537 0
STRATEGIC GLOBAL INCOME FD COM 862719101 5,080 543,343 SH   DFND   0 543,343 0
TEMPLETON DRAGON FD INC COM 88018T101 950 36,753 SH   DFND   0 36,753 0
TEMPLETON GLOBAL INCOME FD COM 880198106 385 46,647 SH   DFND   0 46,647 0
U S GLOBAL INVS INC CL A 902952100 8,819 2,505,496 SH   DFND   0 2,505,496 0
UNITED PARCEL SERVICE INC CL B 911312106 247 2,405 SH   DFND   0 2,405 0
VIASYSTEMS GROUP INC COM PAR$.01 92553H803 122 11,190 SH   DFND   0 11,190 0
VIRTUS TOTAL RETURN FD COM 92829A103 3,725 776,023 SH   DFND   0 776,023 0
WALGREEN CO COM 931422109 332 4,480 SH   DFND   0 4,480 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 5,631 377,904 SH   DFND   0 377,904 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 31,644 2,570,598 SH   DFND   0 2,570,598 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 2,185 178,646 SH   DFND   0 178,646 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 2,984 159,655 SH   DFND   0 159,655 0
WESTERN ASSET INTM MUNI FD I COM 958435109 107 11,000 SH   DFND   0 11,000 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 1,029 78,229 SH   DFND   0 78,229 0
WESTERN ASST MN PRT FD INC COM 95766P108 1,431 97,162 SH   DFND   0 97,162 0
ZWEIG FD COM NEW 989834205 347 22,181 SH   DFND   0 22,181 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 730 50,745 SH   DFND   0 50,745 0