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
ABERDEEN ASIA PACIFIC INCOM COM 003009107 4,678 933,742 SH   SOLE 933,742 0 0
BARRICK GOLD CORP COM 067901108 16,207 759,106 SH   SOLE 759,106 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 946 90,601 SH   SOLE 90,601 0 0
CENTURYLINK INC COM 156700106 244 8,394 SH   SOLE 8,394 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 10,605 4,328,746 SH   SOLE 4,328,746 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 12,159 1,017,499 SH   SOLE 1,017,499 0 0
CONSOL ENERGY INC COM 20854P109 9,657 600,172 SH   SOLE 600,172 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 2,496 29,093 SH   SOLE 29,093 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,865 169,229 SH   SOLE 169,229 0 0
ISHARES MSCI BRZ CAP ETF 464286400 20,021 663,485 SH   SOLE 663,485 0 0
ISHARES TR LATN AMER 40 ETF 464287390 477 18,160 SH   SOLE 18,160 0 0
ISHARES TR U.S. TELECOM ETF 464287713 20,239 607,772 SH   SOLE 607,772 0 0
ISHARES TR JP MOR EM MK ETF 464288281 202 1,755 SH   SOLE 1,755 0 0
KINROSS GOLD CORP COM NO PAR 496902404 10,256 2,097,426 SH   SOLE 2,097,426 0 0
KONINKLIJKE PHILIPS N V NY REG SH NEW 500472303 1,876 75,216 SH   SOLE 75,216 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 545 7,326 SH   SOLE 7,326 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106 2,018 145,272 SH   SOLE 145,272 0 0
ONEOK INC NEW COM 682680103 7,251 152,818 SH   SOLE 152,818 0 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 2,674 175,481 SH   SOLE 175,481 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 309 22,655 SH   SOLE 22,655 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 22,755 932,195 SH   SOLE 932,195 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 1,575 36,690 SH   SOLE 36,690 0 0
UNITED STATES STL CORP NEW COM 912909108 10,720 635,835 SH   SOLE 635,835 0 0
WELLS FARGO & CO NEW PERP PFD CNV A 949746804 1,876 1,444 SH   SOLE 1,444 0 0
YAMANA GOLD INC COM 98462Y100 9,406 1,808,838 SH   SOLE 1,808,838 0 0