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 967 24,138 SH   DFND   0 24,138 0
DREAMWORKS ANIMATION SKG INC CL A 26153C103 1,363 38,400 SH   DFND   0 38,400 0
GAIAM INC CL A 36268Q103 11,828 1,786,645 SH   DFND   0 1,786,645 0
REAL GOODS SOLAR INC CL A 75601N104 734 242,904 SH   DFND   0 242,904 0
U S GLOBAL INVS INC CL A 902952100 4,682 1,843,364 SH   DFND   0 1,843,364 0
UNITED PARCEL SERVICE INC CL B 911312106 280 2,668 SH   DFND   0 2,668 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 866 7,302 SH   DFND   0 7,302 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 18,817 2,639,119 SH   DFND   0 2,639,119 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 4,811 374,335 SH   DFND   0 374,335 0
AMERICAN SELECT PORTFOLIO IN COM 029570108 4,624 499,362 SH   DFND   0 499,362 0
AMERICAN STRATEGIC INCM PTFL COM 030098107 1,562 173,780 SH   DFND   0 173,780 0
AMERN STRATEGIC INCOME PTFL COM 030099105 1,034 134,088 SH   DFND   0 134,088 0
APACHE CORP COM 037411105 215 2,502 SH   DFND   0 2,502 0
APPLE INC COM 037833100 1,135 2,023 SH   DFND   0 2,023 0
ARCHER DANIELS MIDLAND CO COM 039483102 369 8,501 SH   DFND   0 8,501 0
ASSOCIATED ESTATES RLTY CORP COM 045604105 4,479 279,047 SH   DFND   0 279,047 0
B2GOLD CORP COM 11777Q209 1,099 544,090 SH   DFND   0 544,090 0
BANCROFT FUND LTD COM 059695106 1,599 85,983 SH   DFND   0 85,983 0
BLACKROCK INCOME OPP TRUST I COM 092475102 1,788 184,289 SH   DFND   0 184,289 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 16,250 1,865,640 SH   DFND   0 1,865,640 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 1,114 62,346 SH   DFND   0 62,346 0
BLACKROCK CR ALLCTN INC TR COM 092508100 18,563 1,421,394 SH   DFND   0 1,421,394 0
BOULDER TOTAL RETURN FD INC COM 101541100 782 33,971 SH   DFND   0 33,971 0
CALAMOS GBL DYN INCOME FUND COM 12811L107 125 13,950 SH   DFND   0 13,950 0
CINEDIGM DIGITAL CINEMA CORP COM 172407108 46 22,800 SH   DFND   0 22,800 0
COFFEE HLDGS INC COM 192176105 380 74,693 SH   DFND   0 74,693 0
COHEN & STEERS CLOSED END OP COM 19248P106 2,598 206,690 SH   DFND   0 206,690 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 1,961 95,200 SH   DFND   0 95,200 0
COLGATE PALMOLIVE CO COM 194162103 796 12,200 SH   DFND   0 12,200 0
COMSTOCK MNG INC COM 205750102 1,093 624,656 SH   DFND   0 624,656 0
CONSOLIDATED EDISON INC COM 209115104 461 8,343 SH   DFND   0 8,343 0
CUTWATER SELECT INCOME FD COM 232229104 2,401 131,127 SH   DFND   0 131,127 0
DTE ENERGY CO COM 233331107 262 3,946 SH   DFND   0 3,946 0
DENALI FD INC COM 24823A102 319 16,474 SH   DFND   0 16,474 0
DIGITAL RLTY TR INC COM 253868103 2,427 49,400 SH   DFND   0 49,400 0
DOMINION DIAMOND CORP COM 257287102 5,020 349,570 SH   DFND   0 349,570 0
DOVER SADDLERY INC COM 260412101 1,945 363,600 SH   DFND   0 363,600 0
EARTHLINK INC COM 270321102 57 11,310 SH   DFND   0 11,310 0
EXXON MOBIL CORP COM 30231G102 349 3,448 SH   DFND   0 3,448 0
FASTENAL CO COM 311900104 3,328 70,044 SH   DFND   0 70,044 0
FEDERATED PREM INTR MUN INC COM 31423M105 538 44,150 SH   DFND   0 44,150 0
FIRST FED NORTHN MICH BANCOR COM 32021X105 943 174,700 SH   DFND   0 174,700 0
FIRST TR INTER DUR PFD & IN COM 33718W103 4,128 194,275 SH   DFND   0 194,275 0
FORT DEARBORN INCOME SECS IN COM 347200107 2,450 177,511 SH   DFND   0 177,511 0
GOLDCORP INC NEW COM 380956409 1,703 78,603 SH   DFND   0 78,603 0
HANCOCK JOHN TAX-ADV DIV INC COM 41013V100 8,510 467,085 SH   DFND   0 467,085 0
HARRIS & HARRIS GROUP INC COM 413833104 1,978 663,813 SH   DFND   0 663,813 0
HAWAIIAN ELEC INDUSTRIES COM 419870100 4,057 155,661 SH   DFND   0 155,661 0
INVESCO BD FD COM 46132L107 2,566 145,027 SH   DFND   0 145,027 0
INVESCO MUNI INCOME OPP TRST COM 46132X101 614 99,000 SH   DFND   0 99,000 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 2,204 198,212 SH   DFND   0 198,212 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,742 143,000 SH   DFND   0 143,000 0
LAZARD WORLD DIVID & INCOME COM 521076109 327 22,546 SH   DFND   0 22,546 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 1,952 115,682 SH   DFND   0 115,682 0
LIFEWAY FOODS INC COM 531914109 1,675 104,826 SH   DFND   0 104,826 0
MADISON CVRED CALL & EQ STR COM 557437100 3,629 444,185 SH   DFND   0 444,185 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 1,575 99,873 SH   DFND   0 99,873 0
MANNKIND CORP COM 56400P201 60 11,600 SH   DFND   0 11,600 0
MICROSOFT CORP COM 594918104 240 6,423 SH   DFND   0 6,423 0
MONTGOMERY STR INCOME SECS I COM 614115103 7,426 477,837 SH   DFND   0 477,837 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 367 23,735 SH   DFND   0 23,735 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 2,270 163,304 SH   DFND   0 163,304 0
NEWMONT MINING CORP COM 651639106 3,118 135,385 SH   DFND   0 135,385 0
NORTHEAST UTILS COM 664397106 1,266 29,860 SH   DFND   0 29,860 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 1,815 159,323 SH   DFND   0 159,323 0
NUVEEN INTER DURATION MN TMF COM 670671106 3,002 260,778 SH   DFND   0 260,778 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 1,637 142,360 SH   DFND   0 142,360 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 198 22,325 SH   DFND   0 22,325 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 6,900 878,993 SH   DFND   0 878,993 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 240 31,196 SH   DFND   0 31,196 0
NUVEEN REAL ASSET INC & GROW COM 67074Y105 1,894 113,085 SH   DFND   0 113,085 0
PFIZER INC COM 717081103 300 9,799 SH   DFND   0 9,799 0
POWER REIT COM 73933H101 126 14,339 SH   DFND   0 14,339 0
PROCTER & GAMBLE CO COM 742718109 683 8,384 SH   DFND   0 8,384 0
ROYCE MICRO-CAP TR INC COM 780915104 712 56,450 SH   DFND   0 56,450 0
SILVER WHEATON CORP COM 828336107 4,157 205,882 SH   DFND   0 205,882 0
WESTERN ASSET INTM MUNI FD I COM 958435109 109 12,000 SH   DFND   0 12,000 0
STRATEGIC GLOBAL INCOME FD COM 862719101 4,682 518,535 SH   DFND   0 518,535 0
TEMPLETON DRAGON FD INC COM 88018T101 1,290 49,847 SH   DFND   0 49,847 0
TOFUTTI BRANDS INC COM 88906B105 291 85,300 SH   DFND   0 85,300 0
TRAVELERS COMPANIES INC COM 89417E109 283 3,126 SH   DFND   0 3,126 0
VIRTUS TOTAL RETURN FD COM 92829A103 4,877 1,241,056 SH   DFND   0 1,241,056 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 2,617 144,799 SH   DFND   0 144,799 0
WALGREEN CO COM 931422109 292 5,081 SH   DFND   0 5,081 0
WELLS FARGO & CO NEW COM 949746101 315 6,945 SH   DFND   0 6,945 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 29,636 2,629,671 SH   DFND   0 2,629,671 0
WESTERN ASST MN PRT FD INC COM 95766P108 1,336 97,162 SH   DFND   0 97,162 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 423 34,733 SH   DFND   0 34,733 0
COLE REAL ESTATE INVTS INC COM 19329V105 3,292 234,461 SH   DFND   0 234,461 0
COEUR MNG INC COM NEW 192108504 3,068 282,745 SH   DFND   0 282,745 0
DIVIDEND & INCOME FUND COM NEW 25538A204 169 11,168 SH   DFND   0 11,168 0
ZWEIG FD COM NEW 989834205 346 23,317 SH   DFND   0 23,317 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 783 56,172 SH   DFND   0 56,172 0
KINROSS GOLD CORP COM NO PAR 496902404 680 155,347 SH   DFND   0 155,347 0
VIASYSTEMS GROUP INC COM PAR$.01 92553H803 153 11,190 SH   DFND   0 11,190 0
CALAMOS STRATEGIC TOTL RETN COM SH BEN INT 128125101 477 43,802 SH   DFND   0 43,802 0
FEDERATED ENHANC TREAS INCM COM SH BEN INT 314162108 5,762 450,894 SH   DFND   0 450,894 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 18,320 1,579,323 SH   DFND   0 1,579,323 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 2,434 213,113 SH   DFND   0 213,113 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 1,861 100,796 SH   DFND   0 100,796 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 5,272 374,983 SH   DFND   0 374,983 0
BLACKROCK MUN TARGET TERM TR COM SHS BEN IN 09257P105 2,106 123,000 SH   DFND   0 123,000 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 1,288 76,612 SH   DFND   0 76,612 0
ROYAL GOLD INC NOTE 2.875% 6/1 780287AA6 4,148 4,325,000 PRN   DFND   0 4,325,000 0
ALLEGION PUB LTD CO ORD SHS G0176J109 237 5,356 SH   DFND   0 5,356 0
DELAWARE INVT NAT MUNI INC F SH BEN INT 24610T108 842 72,047 SH   DFND   0 72,047 0
FRANKLIN UNVL TR SH BEN INT 355145103 6,634 955,923 SH   DFND   0 955,923 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,077 132,783 SH   DFND   0 132,783 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 314 36,500 SH   DFND   0 36,500 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 527 79,626 SH   DFND   0 79,626 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 880 68,300 SH   DFND   0 68,300 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 754 58,514 SH   DFND   0 58,514 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 518 41,877 SH   DFND   0 41,877 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 369 73,198 SH   DFND   0 73,198 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 2,147 199,900 SH   DFND   0 199,900 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 580 56,000 SH   DFND   0 56,000 0
EATON VANCE MUN INCOME TERM SHS 27829U105 1,861 127,000 SH   DFND   0 127,000 0
INGERSOLL-RAND PLC SHS G47791101 254 4,124 SH   DFND   0 4,124 0
NOAH HLDGS LTD SPONSORED ADS 65487X102 405 22,475 SH   DFND   0 22,475 0
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 5,213 261,454 SH   DFND   0 261,454 0