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
ADVENT CLAYMORE CV SECS & IN COM 00764C109 1,104 79,163 SH   SOLE   79,163 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 4,425 293,213 SH   SOLE   293,213 0 0
ALLIANZGI CONV & INCOME FD COM 018828103 1,881 305,874 SH   SOLE   305,874 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 2,468 464,826 SH   SOLE   464,826 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,159 211,058 SH   SOLE   211,058 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,364 86,333 SH   SOLE   86,333 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 595 43,288 SH   SOLE   43,288 0 0
BABSON CAP GLB SHT DURHGH YL COM 05617T100 187 10,476 SH   SOLE   10,476 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,555 148,919 SH   SOLE   148,919 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 260 20,000 SH   SOLE   20,000 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 2,483 138,790 SH   SOLE   138,790 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 1,175 77,027 SH   SOLE   77,027 0 0
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 349 27,386 SH   SOLE   27,386 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,081 70,916 SH   SOLE   70,916 0 0
BLACKROCK MUNIENHANCED FD IN COM 09253Y100 3,124 243,283 SH   SOLE   243,283 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 849 50,020 SH   SOLE   50,020 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 1,006 53,119 SH   SOLE   53,119 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 1,002 62,271 SH   SOLE   62,271 0 0
BLACKROCK MUNIYIELD INVST FD COM 09254R104 1,362 81,158 SH   SOLE   81,158 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 775 53,554 SH   SOLE   53,554 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 2,003 127,908 SH   SOLE   127,908 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254F100 3,374 200,333 SH   SOLE   200,333 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 780 32,240 SH   SOLE   32,240 0 0
BLACKROCK MUNICIPAL BOND TR COM 09249H104 1,183 65,512 SH   SOLE   65,512 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 1,181 72,658 SH   SOLE   72,658 0 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 1,894 119,776 SH   SOLE   119,776 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101 471 28,494 SH   SOLE   28,494 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,074 144,108 SH   SOLE   144,108 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 1,159 80,195 SH   SOLE   80,195 0 0
BROOKFIELD HIGH INCOME FD IN COM 11272P102 2,025 280,925 SH   SOLE   280,925 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 1,032 69,386 SH   SOLE   69,386 0 0
CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 2,015 189,900 SH   SOLE   189,900 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 205 22,010 SH   SOLE   22,010 0 0
DEUTSCHE MUN INCOME COM 25160C106 2,015 139,478 SH   SOLE   139,478 0 0
DEUTSCHE STRATEGIC MUN INCOM COM 25159F102 336 23,384 SH   SOLE   23,384 0 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 911 55,038 SH   SOLE   55,038 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 3,753 262,965 SH   SOLE   262,965 0 0
DREYFUS MUN INCOME INC COM 26201R102 2,295 229,224 SH   SOLE   229,224 0 0
EATON VANCE FLTING RATE INC COM 278279104 154 11,500 SH   SOLE   11,500 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 1,348 100,305 SH   SOLE   100,305 0 0
EATON VANCE MUN BD FD COM 27827X101 5,654 399,042 SH   SOLE   399,042 0 0
EATON VANCE MUN BD FD II COM 27827K109 1,960 140,513 SH   SOLE   140,513 0 0
EATON VANCE MUN INCOME 2028 SHS 27829U105 2,000 94,160 SH   SOLE   94,160 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 5,849 397,909 SH   SOLE   397,909 0 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 1,202 52,180 SH   SOLE   52,180 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 1,132 86,561 SH   SOLE   86,561 0 0
FEDERATED PREM MUN INC FD COM 31423P108 1,212 73,089 SH   SOLE   73,089 0 0
FIDUCIARY CLAYMORE MLP OPP F COM 31647Q106 1,440 104,355 SH   SOLE   104,355 0 0
GABELLI EQUITY TR INC COM 362397101 253 46,020 SH   SOLE   46,020 0 0
GUGGENHEIM ENHNCD EQTY INCM COM 40167B100 246 32,800 SH   SOLE   32,800 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 584 42,300 SH   SOLE   42,300 0 0
ISHARES TR MRG RL ES CP ETF 464288539 103 10,000 SH   SOLE   10,000 0 0
INVESCO MUN TR COM 46131J103 1,127 79,285 SH   SOLE   79,285 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 534 38,606 SH   SOLE   38,606 0 0
INVESCO SR INCOME TR COM 46131H107 870 208,032 SH   SOLE   208,032 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 62 4,500 SH   SOLE   4,500 0 0
HANCOCK JOHN INVS TR COM 410142103 2,258 140,085 SH   SOLE   140,085 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 2,369 430,741 SH   SOLE   430,741 0 0
MFS HIGH YIELD MUN TR SH BEN INT 59318E102 1,157 235,149 SH   SOLE   235,149 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 622 58,782 SH   SOLE   58,782 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,223 161,313 SH   SOLE   161,313 0 0
MAINSTAY DEFINEDTERM MN OPP COM 56064K100 2,093 101,230 SH   SOLE   101,230 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 1,550 141,550 SH   SOLE   141,550 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 639 74,785 SH   SOLE   74,785 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 707 87,500 SH   SOLE   87,500 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 103 8,805 SH   SOLE   8,805 0 0
NUVEEN ENHANCED MUN CREDIT O COM SH BEN INT 67070X101 6,594 414,189 SH   SOLE   414,189 0 0
NUVEEN ENHANCED AMT FREE MUN COM 67071L106 6,106 375,504 SH   SOLE   375,504 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 620 42,689 SH   SOLE   42,689 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 1,272 77,644 SH   SOLE   77,644 0 0
NUVEEN FLEXIBLE INVT INCOME COM 67075B104 890 56,284 SH   SOLE   56,284 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 736 71,706 SH   SOLE   71,706 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 1,721 119,604 SH   SOLE   119,604 0 0
NUVEEN INVT QUALITY MUN FD I COM 67062E103 1,347 80,560 SH   SOLE   80,560 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 3,002 199,084 SH   SOLE   199,084 0 0
NUVEEN PERFORMANCE PLUS MUN COM 67062P108 534 32,350 SH   SOLE   32,350 0 0
NUVEEN PREMIER MUN INCOME FD COM 670988104 1,831 121,503 SH   SOLE   121,503 0 0
NUVEEN PREM INCOME MUN FD 2 COM 67063W102 4,522 291,947 SH   SOLE   291,947 0 0
NUVEEN PREM INCOME MUN FD COM 67062T100 5,292 342,964 SH   SOLE   342,964 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 1,024 85,312 SH   SOLE   85,312 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 1,308 84,303 SH   SOLE   84,303 0 0
NUVEEN SR INCOME FD COM 67067Y104 1,014 167,958 SH   SOLE   167,958 0 0
PCM FUND INC COM 69323T101 239 24,587 SH   SOLE   24,587 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 782 40,863 SH   SOLE   40,863 0 0
PIMCO INCOME OPPORTUNITY FD COM 72202B100 1,123 48,837 SH   SOLE   48,837 0 0
PIMCO MUN INCOME FD II COM 72200W106 1,683 120,533 SH   SOLE   120,533 0 0
PIMCO MUN INCOME FD III COM 72201A103 4,193 325,520 SH   SOLE   325,520 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 131 6,225 SH   SOLE   6,225 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 142 5,235 SH   SOLE   5,235 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 277 6,980 SH   SOLE   6,980 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 1,035 146,182 SH   SOLE   146,182 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 726 46,238 SH   SOLE   46,238 0 0
PIONEER HIGH INCOME TR COM 72369H106 2,091 207,218 SH   SOLE   207,218 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 4,331 306,958 SH   SOLE   306,958 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 3,020 211,049 SH   SOLE   211,049 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 353 22,364 SH   SOLE   22,364 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 3,631 451,665 SH   SOLE   451,665 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 3,420 255,602 SH   SOLE   255,602 0 0
SPDR SERIES TRUST NUV HGHYLD MUN 78464A284 1,495 25,000 SH   SOLE   25,000 0 0
VANECK VECTORS ETF TR BDC INCOME ETF 92189F411 103 6,200 SH   SOLE   6,200 0 0
VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189F361 485 15,000 SH   SOLE   15,000 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 227 15,000 SH   SOLE   15,000 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 247 25,000 SH   SOLE   25,000 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 419 60,468 SH   SOLE   60,468 0 0
VOYA INFRASTRUCTURE INDLS & MT COM 92912X101 918 74,247 SH   SOLE   74,247 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,005 196,300 SH   SOLE   196,300 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 1,747 221,142 SH   SOLE   221,142 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 655 60,418 SH   SOLE   60,418 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 1,212 174,643 SH   SOLE   174,643 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 1,325 125,257 SH   SOLE   125,257 0 0
WESTERN ASST MNGD MUN FD INC COM 95766M105 2,337 154,230 SH   SOLE   154,230 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 268 20,180 SH   SOLE   20,180 0 0