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 10,369 2,090,526 SH   SOLE   2,090,526 0 0
ALLIANCEBERNSTEIN GBL HGH IN COM 01879R106 4,989 415,043 SH   SOLE   415,043 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 3,484 220,932 SH   SOLE   220,932 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 68,311 6,330,910 SH   SOLE   6,330,910 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 12,194 962,466 SH   SOLE   962,466 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 59,765 16,509,559 SH   SOLE   16,509,559 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 21,299 1,284,616 SH   SOLE   1,284,616 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 8,450 545,522 SH   SOLE   545,522 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 37,463 2,396,857 SH   SOLE   2,396,857 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 6,479 409,821 SH   SOLE   409,821 0 0
BROOKFIELD TOTAL RETURN FD I COM 11283U108 960 42,912 SH   SOLE   42,912 0 0
CDW CORP COM COM 12514G108 225 6,558 SH   SOLE   6,558 0 0
CENTURYLINK INC COM 156700106 23,398 796,400 SH Put SOLE   796,400 0 0
CENTURYLINK INC COM 156700106 1,686 57,400 SH   SOLE   57,400 0 0
CIT GROUP INC COM NEW 125581801 780 16,780 SH   SOLE   16,780 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2017 18383M548 381 16,767 SH   SOLE   16,767 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2015 18383M563 213 9,843 SH   SOLE   9,843 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 327 27,143 SH   SOLE   27,143 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 11 795,108 SH   SOLE   795,108 0 0
CONSOL ENERGY INC COM 20854P109 26,801 1,232,800 SH Put SOLE   1,232,800 0 0
CONSOL ENERGY INC COM 20854P109 6,982 321,154 SH   SOLE   321,154 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 4,752 1,484,978 SH   SOLE   1,484,978 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 168 15,555 SH   SOLE   15,555 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 2,781 280,957 SH   SOLE   280,957 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 21,675 1,484,594 SH   SOLE   1,484,594 0 0
DEUTSCHE HIGH INCOME TR SHS 25155R100 12,817 1,504,311 SH   SOLE   1,504,311 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 11,742 1,447,792 SH   SOLE   1,447,792 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 4,064 365,762 SH   SOLE   365,762 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 3,491 863,094 SH   SOLE   863,094 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 243 18,053 SH   SOLE   18,053 0 0
EMCOR GROUP INC COM 29084Q100 1,288 26,957 SH   SOLE   26,957 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 5,442 347,978 SH   SOLE   347,978 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 474 33,591 SH   SOLE   33,591 0 0
FLEXTRONICS INTL LTD ORD 443510201 647 5,973 SH   SOLE   5,973 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 13,292 1,140,936 SH   SOLE   1,140,936 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 32,084 6,481,600 SH Put SOLE   6,481,600 0 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 3,050 616,190 SH   SOLE   616,190 0 0
GENERAL MTRS CO COM 37045V100 33,330 1,000,000 SH Call SOLE   0 0 0
GENWORTH FINL INC COM CL A 37247D106 3,537 467,258 SH   SOLE   467,258 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 15,999 1,884,471 SH   SOLE   1,884,471 0 0
GOLDCORP INC NEW COM 380956409 766 47,278 SH   SOLE   47,278 0 0
GRACE W R & CO DEL NEW COM 38388F108 933 9,306 SH   SOLE   9,306 0 0
GREIF INC CL A 397624107 689 19,223 SH   SOLE   19,223 0 0
HCP INC COM 40414L109 4,324 118,552 SH   SOLE   118,552 0 0
INVESCO HIGH INCOME TR II COM 46131F101 4,688 327,161 SH   SOLE   327,161 0 0
ISHARES 10+ YR CR BD ETF 464289511 2,341 40,954 SH   SOLE   40,954 0 0
ISHARES INTERM CR BD ETF 464288638 3,225 29,623 SH   SOLE   29,623 0 0
ISHARES JP MOR EM MK ETF 464288281 665 6,049 SH   SOLE   6,049 0 0
ISHARES IBOXX HI YD ETF 464288513 347 3,913 SH   SOLE   3,913 0 0
ISHARES TR A RATE CP BD ETF 46429B291 2,388 47,278 SH   SOLE   47,278 0 0
ISHARES TR CORE US AGGBD ET 464287226 22,041 202,619 SH   SOLE   202,619 0 0
ITRON INC COM 465741106 1,084 31,486 SH   SOLE   31,486 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 1,228 82,164 SH   SOLE   82,164 0 0
KBR INC COM 48242W106 804 41,288 SH   SOLE   41,288 0 0
KLX INC COM 482539103 526 11,913 SH   SOLE   11,913 0 0
LANDS END INC NEW COM 51509F105 720 29,013 SH   SOLE   29,013 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 5,000 351,372 SH   SOLE   351,372 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 747 8,590 SH   SOLE   8,590 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 8,579 962,800 SH Put SOLE   962,800 0 0
LINN ENERGY LLC UNIT LTD LIAB 536020100 1,468 164,781 SH   SOLE   164,781 0 0
LMP CAP & INCOME FD INC COM 50208A102 282 18,712 SH   SOLE   18,712 0 0
MACK CALI RLTY CORP COM 554489104 5,387 292,320 SH   SOLE   292,320 0 0
MACYS INC COM 55616P104 829 12,282 SH   SOLE   12,282 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 10,976 6,132,069 SH   SOLE   6,132,069 0 0
MATRIX SVC CO COM 576853105 700 38,295 SH   SOLE   38,295 0 0
MBIA INC COM 55262C100 8,008 1,332,500 SH Put SOLE   1,332,500 0 0
MBIA INC COM 55262C100 620 103,105 SH   SOLE   103,105 0 0
MERITOR INC COM 59001K100 660 50,295 SH   SOLE   50,295 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 7,143 843,374 SH   SOLE   843,374 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 46 10,000 SH   SOLE   10,000 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 3,688 1,386,337 SH   SOLE   1,386,337 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 6,102 1,005,275 SH   SOLE   1,005,275 0 0
MILLER HERMAN INC COM 600544100 617 21,314 SH   SOLE   21,314 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 24,927 2,881,756 SH   SOLE   2,881,756 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 13,186 1,119,324 SH   SOLE   1,119,324 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 718 81,878 SH   SOLE   81,878 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 181 15,767 SH   SOLE   15,767 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 15,479 682,186 SH   SOLE   682,186 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 368 51,051 SH   SOLE   51,051 0 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 4,245 520,829 SH   SOLE   520,829 0 0
OI S.A. SPN ADR PFD NEW 670851401 2,169 1,135,357 SH   SOLE   1,135,357 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 623 89,901 SH   SOLE   89,901 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V408 1,674 185,000 SH   SOLE   185,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V408 9,923 1,096,500 SH Put SOLE   1,096,500 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 33,479 1,659,015 SH   SOLE   1,659,015 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 270 2,702 SH   SOLE   2,702 0 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 298 19,726 SH   SOLE   19,726 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 402 26,000 SH   SOLE   26,000 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 3,843 493,321 SH   SOLE   493,321 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 10,233 2,006,433 SH   SOLE   2,006,433 0 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 1,021 39,572 SH   SOLE   39,572 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 1,446 68,484 SH   SOLE   68,484 0 0
SEADRILL LIMITED SHS G7945E105 3,231 312,500 SH Put SOLE   312,500 0 0
SEADRILL LIMITED SHS G7945E105 838 81,000 SH   SOLE   81,000 0 0
SEARS HLDGS CORP COM 812350106 374 14,000 SH   SOLE   14,000 0 0
SEARS HLDGS CORP COM 812350106 5,540 207,500 SH Put SOLE   207,500 0 0
SKYWEST INC COM 830879102 886 58,882 SH   SOLE   58,882 0 0
SPRINT CORP COM SER 1 85207U105 3,586 786,400 SH Put SOLE   786,400 0 0
SPX CORP COM 784635104 885 12,223 SH   SOLE   12,223 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 1,551 187,535 SH   SOLE   187,535 0 0
TEMPLETON EMERG MKTS INCOME COM 880192109 1,163 108,557 SH   SOLE   108,557 0 0
TETRA TECH INC NEW COM 88162G103 1,013 39,492 SH   SOLE   39,492 0 0
TRANSOCEAN LTD REG SHS H8817H100 53,202 3,300,400 SH Put SOLE   3,300,400 0 0
TRANSOCEAN LTD REG SHS H8817H100 1,211 75,150 SH   SOLE   75,150 0 0
TRINSEO S A SHS L9340P101 348 12,958 SH   SOLE   12,958 0 0
UNIFIRST CORP MASS COM 904708104 1,080 9,653 SH   SOLE   9,653 0 0
UNITED STATES STL CORP NEW COM 912909108 64,982 3,151,400 SH Put SOLE   3,151,400 0 0
UNITED STATES STL CORP NEW COM 912909108 3,437 166,700 SH   SOLE   166,700 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 3,017 37,622 SH   SOLE   37,622 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 2,414 27,557 SH   SOLE   27,557 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 8,632 106,226 SH   SOLE   106,226 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 217 2,546 SH   SOLE   2,546 0 0
WELLS FARGO ADVANTAGE INCOME COM SHS 94987B105 20,187 2,441,012 SH   SOLE   2,441,012 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 22,103 1,745,895 SH   SOLE   1,745,895 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 9,994 668,066 SH   SOLE   668,066 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 15,936 1,485,149 SH   SOLE   1,485,149 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 5,968 650,794 SH   SOLE   650,794 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 7,860 458,294 SH   SOLE   458,294 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 20,268 1,316,128 SH   SOLE   1,316,128 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 16,814 3,264,869 SH   SOLE   3,264,869 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 21,641 4,380,705 SH   SOLE   4,380,705 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 2,895 267,056 SH   SOLE   267,056 0 0
WORTHINGTON INDS INC COM 981811102 568 18,904 SH   SOLE   18,904 0 0