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
REAL GOODS SOLAR INC CL A 75601N104 757 186,078 SH   DFND   0 186,078 0
GAIAM INC CL A 36268Q103 12,958 1,787,270 SH   DFND   0 1,787,270 0
CTC MEDIA INC COM 12642X106 2,719 295,237 SH   DFND   0 295,237 0
MEDICAL PPTYS TRUST INC COM 58463J304 5,591 437,165 SH   DFND   0 437,165 0
POWER REIT COM 73933H101 126 14,339 SH   DFND   0 14,339 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 207 22,325 SH   DFND   0 22,325 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 229 28,509 SH   DFND   0 28,509 0
DENALI FD INC COM 24823A102 290 14,174 SH   DFND   0 14,174 0
NUVEEN REAL ASSET INC & GROW COM 67074Y105 345 18,770 SH   DFND   0 18,770 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 346 22,695 SH   DFND   0 22,695 0
FEDERATED PREM INTR MUN INC COM 31423M105 572 44,650 SH   DFND   0 44,650 0
INVESCO MUNI INCOME OPP TRST COM 46132X101 653 99,000 SH   DFND   0 99,000 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 833 43,937 SH   DFND   0 43,937 0
FIRST FED NORTHN MICH BANCOR COM 32021X105 834 166,811 SH   DFND   0 166,811 0
TEMPLETON DRAGON FD INC COM 88018T101 894 36,497 SH   DFND   0 36,497 0
SPECIAL OPPORTUNITIES FD INC COM 84741T104 973 59,849 SH   DFND   0 59,849 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,344 60,849 SH   DFND   0 60,849 0
WESTERN ASST MN PRT FD INC COM 95766P108 1,402 97,162 SH   DFND   0 97,162 0
B2GOLD CORP COM 11777Q209 1,460 542,645 SH   DFND   0 542,645 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 1,640 93,366 SH   DFND   0 93,366 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 1,678 98,873 SH   DFND   0 98,873 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,824 142,500 SH   DFND   0 142,500 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 2,091 180,700 SH   DFND   0 180,700 0
INVESCO BD FD COM 46132L107 2,251 123,817 SH   DFND   0 123,817 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 2,276 160,304 SH   DFND   0 160,304 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 2,315 196,012 SH   DFND   0 196,012 0
WESTERN ASSET INFL MGMT FD I COM 95766U107 2,823 158,058 SH   DFND   0 158,058 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 2,906 159,777 SH   DFND   0 159,777 0
AT&T INC COM 00206R102 3,422 97,580 SH   DFND   0 97,580 0
FIRST TR INTER DUR PFD & IN COM 33718W103 3,919 176,990 SH   DFND   0 176,990 0
COHEN & STEERS CLOSED END OP COM 19248P106 4,075 317,145 SH   DFND   0 317,145 0
VIRTUS TOTAL RETURN FD COM 92829A103 5,796 1,311,268 SH   DFND   0 1,311,268 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 6,890 491,451 SH   DFND   0 491,451 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 7,227 863,449 SH   DFND   0 863,449 0
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 8,798 441,654 SH   DFND   0 441,654 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 19,299 2,168,457 SH   DFND   0 2,168,457 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 30,100 2,588,128 SH   DFND   0 2,588,128 0
MANNKIND CORP COM 56400P201 47 11,600 SH   DFND   0 11,600 0
DIVIDEND & INCOME FUND COM NEW 25538A204 171 11,168 SH   DFND   0 11,168 0
VIASYSTEMS GROUP INC COM PAR$.01 92553H803 140 11,190 SH   DFND   0 11,190 0
GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT 36465A109 1,524 153,610 SH   DFND   0 153,610 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 2,656 227,981 SH   DFND   0 227,981 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 18,822 1,453,438 SH   DFND   0 1,453,438 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 1,978 101,996 SH   DFND   0 101,996 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 5,562 383,584 SH   DFND   0 383,584 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257P105 2,347 123,000 SH   DFND   0 123,000 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 1,320 75,242 SH   DFND   0 75,242 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 4,427 4,319,000 PRN   DFND   0 4,319,000 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 407 45,500 SH   DFND   0 45,500 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 549 41,877 SH   DFND   0 41,877 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 789 58,514 SH   DFND   0 58,514 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 934 68,300 SH   DFND   0 68,300 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 937 75,838 SH   DFND   0 75,838 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,105 132,783 SH   DFND   0 132,783 0
INGERSOLL-RAND PLC SHS G47791101 202 3,522 SH   DFND   0 3,522 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 629 56,000 SH   DFND   0 56,000 0
EATON VANCE MUN INCOME TERM SHS 27829U105 1,993 127,000 SH   DFND   0 127,000 0
NOAH HLDGS LTD SPONSORED ADS 65487X102 556 38,525 SH   DFND   0 38,525 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 2,438 130,392 SH   DFND   0 130,392 0
APPLE INC COM 037833100 459 854 SH   DFND   0 854 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 27,646 3,766,542 SH   DFND   0 3,766,542 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 4,657 274,926 SH   DFND   0 274,926 0
AMERICAN STRATEGIC INCM PTFL COM 030098107 1,715 173,780 SH   DFND   0 173,780 0
BANCROFT FUND LTD COM 059695106 1,080 55,226 SH   DFND   0 55,226 0
BLACKROCK INCOME OPP TRUST I COM 092475102 1,855 179,534 SH   DFND   0 179,534 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 903 7,222 SH   DFND   0 7,222 0
AMERN STRATEGIC INCOME PTFL COM 030099105 963 115,853 SH   DFND   0 115,853 0
BOULDER TOTAL RETURN FD INC COM 101541100 612 25,155 SH   DFND   0 25,155 0
BLACKROCK CR ALLCTN INC TR COM 092508100 17,807 1,317,058 SH   DFND   0 1,317,058 0
COEUR MNG INC COM NEW 192108504 4,023 433,070 SH   DFND   0 433,070 0
COLGATE PALMOLIVE CO COM 194162103 791 12,200 SH   DFND   0 12,200 0
CUTWATER SELECT INCOME FD COM 232229104 2,520 129,757 SH   DFND   0 129,757 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 640 57,535 SH   DFND   0 57,535 0
DOMINION DIAMOND CORP COM 257287102 5,482 408,490 SH   DFND   0 408,490 0
DIGITAL RLTY TR INC COM 253868103 2,284 43,030 SH   DFND   0 43,030 0
DOVER SADDLERY INC COM 260412101 1,768 322,550 SH   DFND   0 322,550 0
DTE ENERGY CO COM 233331107 266 3,575 SH   DFND   0 3,575 0
CONSOLIDATED EDISON INC COM 209115104 448 8,343 SH   DFND   0 8,343 0
EARTHLINK HLDGS CORP COM 27033X101 55 15,324 SH   DFND   0 15,324 0
FASTENAL CO COM 311900104 1,255 25,446 SH   DFND   0 25,446 0
FASTENAL CO COM 311900104 2,181 44,235 SH   DFND   0 44,235 0
FORT DEARBORN INCOME SECS IN COM 347200107 2,536 175,977 SH   DFND   0 175,977 0
FRANKLIN UNVL TR SH BEN INT 355145103 7,231 1,005,710 SH   DFND   0 1,005,710 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 4,050 297,112 SH   DFND   0 297,112 0
GOLDCORP INC NEW COM 380956409 1,922 78,528 SH   DFND   0 78,528 0
U S GLOBAL INVS INC CL A 902952100 7,466 2,325,912 SH   DFND   0 2,325,912 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 237 9,325 SH   DFND   0 9,325 0
COFFEE HLDGS INC COM 192176105 723 94,907 SH   DFND   0 94,907 0
COMSTOCK MNG INC COM 205750102 1,024 620,864 SH   DFND   0 620,864 0
LAZARD WORLD DIVID & INCOME COM 521076109 151 10,875 SH   DFND   0 10,875 0
LIFEWAY FOODS INC COM 531914109 1,534 104,351 SH   DFND   0 104,351 0
MADISON CVRED CALL & EQ STR COM 557437100 1,332 161,046 SH   DFND   0 161,046 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 527 80,726 SH   DFND   0 80,726 0
MONTGOMERY STR INCOME SECS I COM 614115103 7,443 462,587 SH   DFND   0 462,587 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,188 266,578 SH   DFND   0 266,578 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 1,783 146,960 SH   DFND   0 146,960 0
NORTHEAST UTILS COM 664397106 1,359 29,860 SH   DFND   0 29,860 0
PFIZER INC COM 717081103 252 7,851 SH   DFND   0 7,851 0
PROCTER & GAMBLE CO COM 742718109 639 7,924 SH   DFND   0 7,924 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 370 71,748 SH   DFND   0 71,748 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 2,404 211,400 SH   DFND   0 211,400 0
ROYCE MICRO-CAP TR INC COM 780915104 586 47,840 SH   DFND   0 47,840 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 917 74,385 SH   DFND   0 74,385 0
STRATEGIC GLOBAL INCOME FD COM 862719101 4,920 534,178 SH   DFND   0 534,178 0
AMERICAN SELECT PORTFOLIO IN COM 029570108 4,919 495,112 SH   DFND   0 495,112 0
SILVER WHEATON CORP COM 828336107 5,554 244,677 SH   DFND   0 244,677 0
HARRIS & HARRIS GROUP INC COM 413833104 2,296 661,613 SH   DFND   0 661,613 0
UNITED PARCEL SERVICE INC CL B 911312106 244 2,505 SH   DFND   0 2,505 0
WALGREEN CO COM 931422109 296 4,480 SH   DFND   0 4,480 0
ZWEIG FD COM NEW 989834205 350 23,074 SH   DFND   0 23,074 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 762 54,173 SH   DFND   0 54,173 0
AEGON N V NY REGISTRY SH 007924103 121 13,166 SH   DFND   0 13,166 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 196 21,852 SH   DFND   0 21,852 0
MOBILE TELESYSTEMS OJSC SPONSORED ADR 607409109 3,756 214,735 SH   DFND   0 214,735 0
APACHE CORP COM 037411105 204 2,464 SH   DFND   0 2,464 0
TEMPLETON GLOBAL INCOME FD COM 880198106 376 46,777 SH   DFND   0 46,777 0