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 279 61,049 SH   SOLE   61,049 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 1,174 211,490 SH   SOLE   211,490 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 2,797 202,566 SH   SOLE   202,566 0 0
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 234 21,710 SH   SOLE   21,710 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 1,413 279,726 SH   SOLE   279,726 0 0
ALLIANZGI CONV & INCOME FD COM 018828103 1,310 236,474 SH   SOLE   236,474 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,193 206,788 SH   SOLE   206,788 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,384 91,333 SH   SOLE   91,333 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 1,022 76,511 SH   SOLE   76,511 0 0
BABSON CAP GLB SHT DURHGH YL COM 05617T100 335 20,310 SH   SOLE   20,310 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 262 12,505 SH   SOLE   12,505 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 3,146 204,426 SH   SOLE   204,426 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 371 23,465 SH   SOLE   23,465 0 0
BLACKROCK MUNICIPAL BOND TR COM 09249H104 646 40,040 SH   SOLE   40,040 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101 2,291 149,672 SH   SOLE   149,672 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 665 49,333 SH   SOLE   49,333 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 229 17,150 SH   SOLE   17,150 0 0
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 1,016 88,333 SH   SOLE   88,333 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 558 32,592 SH   SOLE   32,592 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 1,226 84,090 SH   SOLE   84,090 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 816 57,568 SH   SOLE   57,568 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 691 45,023 SH   SOLE   45,023 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 1,481 99,580 SH   SOLE   99,580 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 1,014 300,850 SH   SOLE   300,850 0 0
GUGGENHEIM STRATEGIC OPP FD COM SBI 40167F101 1,025 60,912 SH   SOLE   60,912 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 230 22,010 SH   SOLE   22,010 0 0
COHEN & STEERS SLT PFD INCM FD COM 19248Y107 430 17,256 SH   SOLE   17,256 0 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 1,241 80,038 SH   SOLE   80,038 0 0
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 786 255,034 SH   SOLE   255,034 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 2,688 217,116 SH   SOLE   217,116 0 0
DREYFUS STRATEGIC MUN BD FD COM 26202F107 2,161 267,751 SH   SOLE   267,751 0 0
DTF TAX-FREE INCOME INC SH BEN INT 23334J107 418 27,663 SH   SOLE   27,663 0 0
EATON VANCE MUN BD FD COM 27827X101 1,828 140,852 SH   SOLE   140,852 0 0
EATON VANCE MUN BD FD II COM 27827K109 479 36,351 SH   SOLE   36,351 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 459 37,000 SH   SOLE   37,000 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 2,443 177,899 SH   SOLE   177,899 0 0
FIDUCIARY CLAYMORE MLP OPP F COM 31647Q106 1,355 104,355 SH   SOLE   104,355 0 0
GABELLI EQUITY TR INC COM 362397101 244 46,020 SH   SOLE   46,020 0 0
GUGGENHEIM ENHNCD EQTY INCM COM 40167B100 407 52,981 SH   SOLE   52,981 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 423 21,055 SH   SOLE   21,055 0 0
ISHARES TR MRG RL ES CP ETF 464288539 49 5,100 SH   SOLE   5,100 0 0
HANCOCK JOHN INVS TR COM 410142103 536 37,240 SH   SOLE   37,240 0 0
HANCOCK JOHN PFD INCOME FD I COM 41013X106 980 49,961 SH   SOLE   49,961 0 0
HANCOCK JOHN PFD INCOME FD SH BEN INT 41013W108 1,087 54,295 SH   SOLE   54,295 0 0
HANCOCK JOHN PFD INCOME FD I COM 41021P103 188 10,500 SH   SOLE   10,500 0 0
KKR INCOME OPPORTUNITIES FD COM 48249T106 404 29,150 SH   SOLE   29,150 0 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 2,662 141,373 SH   SOLE   141,373 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 1,585 322,726 SH   SOLE   322,726 0 0
MFS HIGH YIELD MUN TR SH BEN INT 59318E102 203 45,000 SH   SOLE   45,000 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,476 217,120 SH   SOLE   217,120 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 744 97,131 SH   SOLE   97,131 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 2,625 189,544 SH   SOLE   189,544 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 264 13,000 SH   SOLE   13,000 0 0
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 67070X101 1,414 98,436 SH   SOLE   98,436 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 827 57,607 SH   SOLE   57,607 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 346 35,335 SH   SOLE   35,335 0 0
NUVEEN MUN OPPORTUNITY FD IN COM 670984103 3,149 219,777 SH   SOLE   219,777 0 0
NUVEEN AMT-FREE MUN INCOME F COM 670657105 319 23,001 SH   SOLE   23,001 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 2,280 165,322 SH   SOLE   165,322 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 2,274 161,278 SH   SOLE   161,278 0 0
NUVEEN QUALITY INCOME MUN FD COM 670977107 3,054 215,375 SH   SOLE   215,375 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 841 79,212 SH   SOLE   79,212 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 1,837 130,780 SH   SOLE   130,780 0 0
NUVEEN SR INCOME FD COM 67067Y104 1,137 197,096 SH   SOLE   197,096 0 0
NUVEEN PREMIER MUN INCOME FD COM 670988104 898 65,709 SH   SOLE   65,709 0 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 2,338 165,109 SH   SOLE   165,109 0 0
NUVEEN PREM INCOME MUN FD 4 COM 6706K4105 2,709 202,453 SH   SOLE   202,453 0 0
PIMCO CORPORATE & INCOME OPP COM 72201B101 1,230 92,183 SH   SOLE   92,183 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 1,153 63,963 SH   SOLE   63,963 0 0
PIMCO MUN INCOME FD II COM 72200W106 1,001 79,982 SH   SOLE   79,982 0 0
PIMCO MUN INCOME FD III COM 72201A103 2,545 221,151 SH   SOLE   221,151 0 0
PIMCO INCOME OPPORTUNITY FD COM 72202B100 1,387 65,494 SH   SOLE   65,494 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 2,719 208,205 SH   SOLE   208,205 0 0
PIONEER FLOATING RATE TR COM 72369J102 523 48,163 SH   SOLE   48,163 0 0
PIONEER HIGH INCOME TR COM 72369H106 1,367 143,470 SH   SOLE   143,470 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 2,087 156,316 SH   SOLE   156,316 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 1,031 70,699 SH   SOLE   70,699 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 154 6,225 SH   SOLE   6,225 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 155 5,235 SH   SOLE   5,235 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 252 12,060 SH   SOLE   12,060 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 404 27,658 SH   SOLE   27,658 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 2,421 328,970 SH   SOLE   328,970 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 878 71,524 SH   SOLE   71,524 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 2,541 215,737 SH   SOLE   215,737 0 0
INVESCO MUN TR COM 46131J103 1,611 126,159 SH   SOLE   126,159 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 1,942 145,716 SH   SOLE   145,716 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,239 117,410 SH   SOLE   117,410 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 562 80,320 SH   SOLE   80,320 0 0
VOYA INFRASTRUCTURE INDLS & MT COM 92912X101 604 49,247 SH   SOLE   49,247 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 686 92,042 SH   SOLE   92,042 0 0
WELLS FARGO MULTI SECTOR INC COM SHS 94987D101 245 21,605 SH   SOLE   21,605 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 245 20,180 SH   SOLE   20,180 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 206 15,000 SH   SOLE   15,000 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 633 65,069 SH   SOLE   65,069 0 0