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 305 61,049 SH   SOLE   61,049 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 191 35,107 SH   SOLE   35,107 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 593 44,923 SH   SOLE   44,923 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 2,927 202,566 SH   SOLE   202,566 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 1,844 377,926 SH   SOLE   377,926 0 0
ALLIANZGI CONV & INCOME FD COM 018828103 1,753 316,474 SH   SOLE   316,474 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,403 251,058 SH   SOLE   251,058 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,540 101,333 SH   SOLE   101,333 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 823 61,511 SH   SOLE   61,511 0 0
BABSON CAP GLB SHT DURHGH YL COM 05617T100 339 20,310 SH   SOLE   20,310 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 236 10,255 SH   SOLE   10,255 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 135 8,979 SH   SOLE   8,979 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 2,659 160,829 SH   SOLE   160,829 0 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 524 34,409 SH   SOLE   34,409 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101 655 41,364 SH   SOLE   41,364 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 234 17,150 SH   SOLE   17,150 0 0
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 2,268 190,624 SH   SOLE   190,624 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 1,538 104,090 SH   SOLE   104,090 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 1,008 71,915 SH   SOLE   71,915 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 699 47,668 SH   SOLE   47,668 0 0
BLACKROCK MUNIENHANCED FD IN COM 09253Y100 164 13,296 SH   SOLE   13,296 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 478 31,724 SH   SOLE   31,724 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254F100 1,981 121,882 SH   SOLE   121,882 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 433 30,942 SH   SOLE   30,942 0 0
CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 1,746 168,000 SH   SOLE   168,000 0 0
GUGGENHEIM STRATEGIC OPP FD COM SBI 40167F101 1,714 100,912 SH   SOLE   100,912 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 211 22,010 SH   SOLE   22,010 0 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 870 55,038 SH   SOLE   55,038 0 0
DREYFUS HIGH YIELD STRATEGIE SH BEN INT 26200S101 759 242,634 SH   SOLE   242,634 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 3,260 247,537 SH   SOLE   247,537 0 0
DREYFUS MUN INCOME INC COM 26201R102 1,840 189,899 SH   SOLE   189,899 0 0
DREYFUS STRATEGIC MUN BD FD COM 26202F107 175 20,557 SH   SOLE   20,557 0 0
DEUTSCHE MUN INCOME COM 25160C106 259 18,500 SH   SOLE   18,500 0 0
EATON VANCE MUN BD FD COM 27827X101 3,984 299,518 SH   SOLE   299,518 0 0
EATON VANCE MUN BD FD II COM 27827K109 1,917 142,429 SH   SOLE   142,429 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 1,110 86,561 SH   SOLE   86,561 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 4,142 285,666 SH   SOLE   285,666 0 0
FEDERATED PREM MUN INC FD COM 31423P108 798 51,737 SH   SOLE   51,737 0 0
FIDUCIARY CLAYMORE MLP OPP F COM 31647Q106 1,145 104,355 SH   SOLE   104,355 0 0
GABELLI EQUITY TR INC COM 362397101 250 46,020 SH   SOLE   46,020 0 0
GUGGENHEIM ENHNCD EQTY INCM COM 40167B100 710 97,381 SH   SOLE   97,381 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 381 21,630 SH   SOLE   21,630 0 0
ISHARES TR MRG RL ES CP ETF 464288539 49 5,100 SH   SOLE   5,100 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 117 9,200 SH   SOLE   9,200 0 0
HANCOCK JOHN INVS TR COM 410142103 996 64,540 SH   SOLE   64,540 0 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 1,113 56,637 SH   SOLE   56,637 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2,509 488,049 SH   SOLE   488,049 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,233 172,420 SH   SOLE   172,420 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 3,167 239,361 SH   SOLE   239,361 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 642 60,500 SH   SOLE   60,500 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 802 99,385 SH   SOLE   99,385 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 2,505 174,544 SH   SOLE   174,544 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 227 10,550 SH   SOLE   10,550 0 0
NUVEEN DIVID ADVANTAGE MUN F COM 67066V101 196 13,250 SH   SOLE   13,250 0 0
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 67070X101 1,522 101,686 SH   SOLE   101,686 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 601 42,607 SH   SOLE   42,607 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 750 46,950 SH   SOLE   46,950 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 907 91,706 SH   SOLE   91,706 0 0
NUVEEN FLEXIBLE INVT INCOME COM 67075B104 40 2,600 SH   SOLE   2,600 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 290 28,800 SH   SOLE   28,800 0 0
NUVEEN MUN OPPORTUNITY FD IN COM 670984103 2,538 172,430 SH   SOLE   172,430 0 0
NUVEEN AMT-FREE MUN INCOME F COM 670657105 254 17,901 SH   SOLE   17,901 0 0
NUVEEN INVT QUALITY MUN FD I COM 67062E103 620 38,705 SH   SOLE   38,705 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 2,695 189,546 SH   SOLE   189,546 0 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 1,866 133,491 SH   SOLE   133,491 0 0
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 1,112 70,900 SH   SOLE   70,900 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 2,928 200,978 SH   SOLE   200,978 0 0
NUVEEN QUALITY INCOME MUN FD COM 670977107 3,170 215,375 SH   SOLE   215,375 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 1,021 94,212 SH   SOLE   94,212 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 1,959 133,617 SH   SOLE   133,617 0 0
NUVEEN SR INCOME FD COM 67067Y104 833 141,164 SH   SOLE   141,164 0 0
NUVEEN PREMIER MUN INCOME FD COM 670988104 959 67,950 SH   SOLE   67,950 0 0
NUVEEN DIV ADVANTAGE MUN FD COM 67070F100 2,199 148,109 SH   SOLE   148,109 0 0
NUVEEN PREM INCOME MUN FD 4 COM 6706K4105 1,946 138,778 SH   SOLE   138,778 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 717 112,952 SH   SOLE   112,952 0 0
PIMCO CORPORATE & INCOME OPP COM 72201B101 1,597 117,183 SH   SOLE   117,183 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 713 40,863 SH   SOLE   40,863 0 0
PIMCO INCOME STRATEGY FUND I COM 72201J104 363 41,500 SH   SOLE   41,500 0 0
PIMCO MUN INCOME FD II COM 72200W106 1,744 131,633 SH   SOLE   131,633 0 0
PIMCO MUN INCOME FD III COM 72201A103 4,106 339,355 SH   SOLE   339,355 0 0
PIMCO INCOME OPPORTUNITY FD COM 72202B100 1,567 75,494 SH   SOLE   75,494 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 3,219 230,243 SH   SOLE   230,243 0 0
PIONEER HIGH INCOME TR COM 72369H106 1,377 137,106 SH   SOLE   137,106 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 4,396 316,958 SH   SOLE   316,958 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 771 50,166 SH   SOLE   50,166 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 141 6,225 SH   SOLE   6,225 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 147 5,235 SH   SOLE   5,235 0 0
PROSHARES TR PSHS SHRT S&P500 74347R503 285 13,960 SH   SOLE   13,960 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 3,349 437,824 SH   SOLE   437,824 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 3,061 241,044 SH   SOLE   241,044 0 0
INVESCO MUN TR COM 46131J103 4,268 320,402 SH   SOLE   320,402 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,474 176,963 SH   SOLE   176,963 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 1,262 117,410 SH   SOLE   117,410 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 213 15,000 SH   SOLE   15,000 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 357 50,320 SH   SOLE   50,320 0 0
VOYA INFRASTRUCTURE INDLS & MT COM 92912X101 739 59,247 SH   SOLE   59,247 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,098 217,950 SH   SOLE   217,950 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 1,484 196,042 SH   SOLE   196,042 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 253 20,180 SH   SOLE   20,180 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 218 15,000 SH   SOLE   15,000 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 462 45,069 SH   SOLE   45,069 0 0