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
ABENGOA YIELD PLC ORD SHS G00349103 756 20,000 SH   SOLE   20,000 0 0
ABERDEEN ASIA PACIFIC INCOM COM 003009107 41,475 6,604,376 SH   SOLE   6,604,376 0 0
ABERDEEN GLOBAL INCOME FD IN COM 003013109 936 78,156 SH   SOLE   78,156 0 0
ADVANCED MICRO DEVICES INC COM 007903107 3,145 750,500 SH   SOLE   750,500 0 0
AK STL HLDG CORP COM 001547108 8,520 1,070,343 SH   SOLE   1,070,343 0 0
ALCOA INC COM 013817101 5,560 373,400 SH Call SOLE   0 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 7,919 1,053,087 SH   SOLE   1,053,087 0 0
AMERICAN INCOME FD INC COM 02672T109 561 72,304 SH   SOLE   72,304 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 10,212 556,508 SH   SOLE   556,508 0 0
ARCTIC CAT INC COM 039670104 3,747 95,055 SH   SOLE   95,055 0 0
ARES MULTI STRATEGY CR FD IN COM 04014Q108 471 21,549 SH   SOLE   21,549 0 0
AVERY DENNISON CORP COM 053611109 2,313 45,140 SH   SOLE   45,140 0 0
AVON PRODS INC COM 054303102 9,135 625,265 SH   SOLE   625,265 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 14,300 500,000 SH Put SOLE   500,000 0 0
BARRICK GOLD CORP COM 067901108 11,458 626,094 SH   SOLE   626,094 0 0
BIOAMBER INC *W EXP 05/09/201 09072Q114 176 69,826 SH   SOLE   69,826 0 0
BIO-REFERENCE LABS INC COM $.01 NEW 09057G602 1,617 53,502 SH   SOLE   53,502 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 13,823 990,166 SH   SOLE   990,166 0 0
BLACKROCK CORPOR HI YLD FD V COM 09255P107 92,341 7,513,507 SH   SOLE   7,513,507 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 48,305 3,513,099 SH   SOLE   3,513,099 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 68,308 16,660,552 SH   SOLE   16,660,552 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 4,874 332,716 SH   SOLE   332,716 0 0
BLACKROCK INCOME OPP TRUST I COM 092475102 7,138 657,260 SH   SOLE   657,260 0 0
BLACKROCK INCOME TR INC COM 09247F100 3,557 535,663 SH   SOLE   535,663 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 6,947 401,776 SH   SOLE   401,776 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 39,822 2,152,549 SH   SOLE   2,152,549 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 5,277 297,644 SH   SOLE   297,644 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 5,026 282,814 SH   SOLE   282,814 0 0
BOYD GAMING CORP COM 103304101 1,947 160,480 SH   SOLE   160,480 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 6,078 345,353 SH   SOLE   345,353 0 0
BROOKFIELD TOTAL RETURN FD I COM 11283U108 1,484 58,948 SH   SOLE   58,948 0 0
BRUNSWICK CORP COM 117043109 7,656 181,714 SH   SOLE   181,714 0 0
BUCKLE INC COM 118440106 2,110 47,560 SH   SOLE   47,560 0 0
CAREFUSION CORP COM 14170T101 2,357 53,149 SH   SOLE   53,149 0 0
CHIPMOS TECH BERMUDA LTD SHS G2110R114 1,906 79,000 SH   SOLE   79,000 0 0
CIT GROUP INC COM NEW 125581801 3,348 73,173 SH   SOLE   73,173 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2017 18383M548 1,065 46,465 SH   SOLE   46,465 0 0
CLAYMORE EXCHANGE TRD FD TR GUG BLT2016 HY 18383M415 864 31,481 SH   SOLE   31,481 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2014 18383M571 3,570 169,034 SH   SOLE   169,034 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 1,068 82,163 SH   SOLE   82,163 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 2,419 53,328 SH   SOLE   53,328 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 53 795,108 SH   SOLE   795,108 0 0
CONAGRA FOODS INC COM 205887102 1,028 34,651 SH   SOLE   34,651 0 0
COOPER TIRE & RUBR CO COM 216831107 5,194 173,134 SH   SOLE   173,134 0 0
CORNERSTONE PROGRESSIVE RTN COM 21925C101 1,379 300,341 SH   SOLE   300,341 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 3,103 850,139 SH   SOLE   850,139 0 0
CSX CORP COMP 126408103 1,023 33,191 SH   SOLE   33,191 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 587 46,269 SH   SOLE   46,269 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 4,105 390,966 SH   SOLE   390,966 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 2,623 364,249 SH   SOLE   364,249 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 481 21,422 SH   SOLE   21,422 0 0
DRYSHIPS INC SHS Y2109Q101 1,707 530,000 SH   SOLE   530,000 0 0
DWS HIGH INCOME OPPORT FD IN COM NEW 23339M204 11,410 772,502 SH   SOLE   772,502 0 0
DWS HIGH INCOME TR SHS NEW 23337C208 10,816 1,149,444 SH   SOLE   1,149,444 0 0
DWS MULTI MKT INCOME TR SHS 23338L108 3,104 327,734 SH   SOLE   327,734 0 0
DWS STRATEGIC INCOME TR SHS 23338N104 2,566 199,544 SH   SOLE   199,544 0 0
DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 5,029 1,086,278 SH   SOLE   1,086,278 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 7,849 503,798 SH   SOLE   503,798 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 2,679 174,671 SH   SOLE   174,671 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 89 13,008 SH   SOLE   13,008 0 0
ELLSWORTH FUND LTD COM 289074106 114 12,860 SH   SOLE   12,860 0 0
ENERGIZER HLDGS INC COM 29266R108 843 6,909 SH   SOLE   6,909 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 2,500 60,000 SH   SOLE   60,000 0 0
ENPRO INDS INC COM 29355X107 1,983 27,100 SH   SOLE   27,100 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 8,934 492,244 SH   SOLE   492,244 0 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 720 44,013 SH   SOLE   44,013 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 886 55,845 SH   SOLE   55,845 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 899 81,212 SH   SOLE   81,212 0 0
FOREST OIL CORP COM PAR $0.01 346091705 25,840 11,333,476 SH   SOLE   11,333,476 0 0
FRANKLIN TEMPLETON LTD DUR I COM 35472T101 13,995 1,069,937 SH   SOLE   1,069,937 0 0
FRANKLIN UNVL TR SH BEN INT SH BEN INT 355145103 1,554 206,705 SH   SOLE   206,705 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 3,998 109,526 SH   SOLE   109,526 0 0
GENUINE PARTS CO COM 372460105 1,742 19,841 SH   SOLE   19,841 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 18,396 1,773,940 SH   SOLE   1,773,940 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,164 36,000 SH   SOLE   36,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 1,955 20,676 SH   SOLE   20,676 0 0
GREEN PLAINS RENEWABLE ENERG COM 393222104 296 9,000 SH   SOLE   9,000 0 0
GREIF INC CL A 397624107 1,984 36,370 SH   SOLE   36,370 0 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 13,970 1,027,993 SH   SOLE   1,027,993 0 0
HCA HOLDINGS INC COM 40412C101 1,522 27,000 SH   SOLE   27,000 0 0
HCP INC COM 40414L109 6,674 161,279 SH   SOLE   161,279 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 1,201 12,700 SH   SOLE   12,700 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 1,514 95,163 SH   SOLE   95,163 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,972 89,892 SH   SOLE   89,892 0 0
INVESCO BD FD COM 46132L107 12,178 634,916 SH   SOLE   634,916 0 0
INVESCO HIGH INCOME TR II COM 46131F101 3,557 207,518 SH   SOLE   207,518 0 0
ISHARES CREDIT BD ETF 464288620 5,779 51,858 SH   SOLE   51,858 0 0
ISHARES FLTG RATE BD ETF 46429B655 319 6,286 SH   SOLE   6,286 0 0
ISHARES 1-3 YR CR BD ETF 464288646 74,080 700,982 SH   SOLE   700,982 0 0
ISHARES TR A RATE CP BD ETF 46429B291 3,282 63,793 SH   SOLE   63,793 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 76,284 697,295 SH   SOLE   697,295 0 0
KB HOME COM 48666K109 23,688 1,268,111 SH   SOLE   1,268,111 0 0
KBR INC COM 48242W106 7,499 314,429 SH   SOLE   314,429 0 0
LEE ENTERPRISES INC COM 523768109 1,891 425,000 SH   SOLE   425,000 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 11,294 615,462 SH   SOLE   615,462 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 1,596 25,704 SH   SOLE   25,704 0 0
LMP CAP & INCOME FD INC COM 50208A102 956 53,863 SH   SOLE   53,863 0 0
LMP CORPORATE LN FD INC COM 50208B100 161 13,409 SH   SOLE   13,409 0 0
MACK CALI RLTY CORP COM 554489104 9,450 439,958 SH   SOLE   439,958 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 11,129 5,224,756 SH   SOLE   5,224,756 0 0
MASCO CORP COM 574599106 1,819 81,923 SH   SOLE   81,923 0 0
MBIA INC COM 55262C100 58,962 5,340,800 SH Put SOLE   5,340,800 0 0
MBIA INC COM 55262C100 5,724 518,523 SH   SOLE   518,523 0 0
MCCLATCHY CO CL A 579489105 145 26,049 SH   SOLE   26,049 0 0
MCDERMOTT INTL INC COM 580037109 7,281 900,000 SH Put SOLE   900,000 0 0
MCDERMOTT INTL INC COM 580037109 267 32,964 SH   SOLE   32,964 0 0
MERITOR INC COM 59001K100 360 27,600 SH   SOLE   27,600 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 20,433 2,211,381 SH   SOLE   2,211,381 0 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 365 42,821 SH   SOLE   42,821 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 2,512 854,262 SH   SOLE   854,262 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 15,130 2,275,180 SH   SOLE   2,275,180 0 0
MGIC INVT CORP WIS COM 552848103 19,589 2,119,983 SH   SOLE   2,119,983 0 0
MICRON TECHNOLOGY INC COM 595112103 1,516 46,000 SH   SOLE   46,000 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 44,260 3,322,809 SH   SOLE   3,322,809 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 544 53,511 SH   SOLE   53,511 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 2,127 117,840 SH   SOLE   117,840 0 0
NAVIENT CORP COM 63938C108 891 50,310 SH   SOLE   50,310 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 11,390 822,364 SH   SOLE   822,364 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 1,182 117,733 SH   SOLE   117,733 0 0
NEXPOINT CR STRATEGIES FD COM 65340G106 881 72,956 SH   SOLE   72,956 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,021 9,914 SH   SOLE   9,914 0 0
NRG ENERGY INC COM NEW 629377508 2,206 59,300 SH Put SOLE   59,300 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 240 25,646 SH   SOLE   25,646 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 585 47,729 SH   SOLE   47,729 0 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 1,563 122,592 SH   SOLE   122,592 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 20,632 840,049 SH   SOLE   840,049 0 0
NUVEEN MTG OPPTY TERM FD 2 COM 67074R100 1,512 63,534 SH   SOLE   63,534 0 0
NUVEEN PFD & INCOME TERM FD COM 67075A106 2,653 112,996 SH   SOLE   112,996 0 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 5,469 630,021 SH   SOLE   630,021 0 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 6,540 768,449 SH   SOLE   768,449 0 0
NUVEEN QUALITY PFD INCOME FD COM 67072C105 3,226 357,250 SH   SOLE   357,250 0 0
OWENS ILL INC COM NEW 690768403 860 24,838 SH   SOLE   24,838 0 0
PEABODY ENERGY CORP COM 704549104 4,174 255,282 SH   SOLE   255,282 0 0
PENNEY J C INC COM 708160106 36,383 4,020,200 SH Put SOLE   4,020,200 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 59,185 2,484,665 SH   SOLE   2,484,665 0 0
PIMCO ETF TR INV GRD CRP BD 72201R817 703 6,809 SH   SOLE   6,809 0 0
POWERSHARES ETF TR II FND INV GR CP 73937B761 323 12,644 SH   SOLE   12,644 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,062 42,692 SH   SOLE   42,692 0 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 11,730 649,838 SH   SOLE   649,838 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 8,553 475,974 SH   SOLE   475,974 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 3,840 440,889 SH   SOLE   440,889 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 9,668 1,877,260 SH   SOLE   1,877,260 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 33,884 6,105,137 SH   SOLE   6,105,137 0 0
QUEST DIAGNOSTICS INC COM 74834L100 6,955 118,504 SH   SOLE   118,504 0 0
RADIAN GROUP INC COM 750236101 34,063 2,300,026 SH   SOLE   2,300,026 0 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 5,097 181,383 SH   SOLE   181,383 0 0
ROCK-TENN CO CL A 772739207 1,998 18,924 SH   SOLE   18,924 0 0
SKYWEST INC COM 830879102 3,087 252,621 SH   SOLE   252,621 0 0
SLM CORP COM 78442P106 418 50,310 SH   SOLE   50,310 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 70,459 360,000 SH Put SOLE   360,000 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 653 21,092 SH   SOLE   21,092 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 56,094 1,344,207 SH   SOLE   1,344,207 0 0
STANLEY BLACK & DECKER INC COM 854502101 2,367 26,956 SH   SOLE   26,956 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 3,499 374,173 SH   SOLE   374,173 0 0
SUPERVALU INC COM 868536103 3,022 367,671 SH   SOLE   367,671 0 0
TALISMAN ENERGY INC COM 87425E103 7,497 707,228 SH   SOLE   707,228 0 0
TECK RESOURCES LTD CL B 878742204 2,490 109,049 SH   SOLE   109,049 0 0
TEEKAY CORPORATION COM Y8564W103 3,984 64,000 SH   SOLE   64,000 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 426 51,546 SH   SOLE   51,546 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 2,271 48,378 SH   SOLE   48,378 0 0
TIME WARNER CABLE INC COM 88732J207 523 3,548 SH   SOLE   3,548 0 0
T-MOBILE US INC COM 872590104 1,224 36,400 SH   SOLE   36,400 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 660 31,150 SH   SOLE   31,150 0 0
TRINSEO S A SHS ADDED COM L9340P101 7,280 350,000 SH   SOLE   350,000 0 0
TYSON FOODS INC CL A 902494103 18,770 500,000 SH Call SOLE   0 0 0
TYSON FOODS INC CL A 902494103 18,770 500,000 SH Put SOLE   500,000 0 0
TYSON FOODS INC CL A 902494103 8,348 222,368 SH   SOLE   222,368 0 0
UNIFIRST CORP MASS COM 904708104 8,835 83,345 SH   SOLE   83,345 0 0
UNITED CONTL HLDGS INC COM 910047109 1,150 28,000 SH   SOLE   28,000 0 0
UNIVERSAL HLTH SVCS INC CL B 913903100 479 5,000 SH   SOLE   5,000 0 0
URS CORP NEW COM 903236107 997 21,754 SH   SOLE   21,754 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 9,431 117,390 SH   SOLE   117,390 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 5,080 56,513 SH   SOLE   56,513 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 93,778 1,140,580 SH   SOLE   1,140,580 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,998 37,959 SH   SOLE   37,959 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 22,887 253,593 SH   SOLE   253,593 0 0
VIASAT INC COM 92552V100 869 15,000 SH   SOLE   15,000 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 993 55,584 SH   SOLE   55,584 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 69 11,900 SH   SOLE   11,900 0 0
WELLS FARGO ADVANTAGE INCOME COM SHS 94987B105 29,752 3,112,107 SH   SOLE   3,112,107 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 21,698 1,456,224 SH   SOLE   1,456,224 0 0
WENDYS CO COM 95058W100 4,764 558,514 SH   SOLE   558,514 0 0
WERNER ENTERPRISES INC COM 950755108 1,619 61,088 SH   SOLE   61,088 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 19,090 1,038,654 SH   SOLE   1,038,654 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 22,743 1,758,921 SH   SOLE   1,758,921 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 2,913 260,324 SH   SOLE   260,324 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 16,481 881,810 SH   SOLE   881,810 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 26,145 1,459,775 SH   SOLE   1,459,775 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 23,190 3,801,580 SH   SOLE   3,801,580 0 0
WESTERN ASSET INCOME FD COM 95766T100 3,409 245,443 SH   SOLE   245,443 0 0
WESTERN ASSET INVT GRADE DEF COM 95790A101 222 10,436 SH   SOLE   10,436 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 24,879 4,289,421 SH   SOLE   4,289,421 0 0
WESTERN ASSET MTG DEF OPPTY COM 95790B109 1,687 68,581 SH   SOLE   68,581 0 0
WESTERN ASSET VAR RT STRG FD COM 957667108 2,510 143,659 SH   SOLE   143,659 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 5,420 412,188 SH   SOLE   412,188 0 0
WHIRLPOOL CORP COM 963320106 6,442 46,271 SH   SOLE   46,271 0 0
YRC WORLDWIDE INC COM PAR $.01 984249607 1,795 63,870 SH   SOLE   63,870 0 0