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 27,907 5,028,347 SH   SOLE   5,028,347 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 1,604 114,399 SH   SOLE   114,399 0 0
AK STL HLDG CORP COM 001547108 4,422 744,370 SH   SOLE   744,370 0 0
ALCOA INC COM 013817101 3,330 210,900 SH Call SOLE   0 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 396 23,824 SH   SOLE   23,824 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 6,483 406,212 SH   SOLE   406,212 0 0
ARCTIC CAT INC COM 039670104 1,465 41,269 SH   SOLE   41,269 0 0
ASCENA RETAIL GROUP INC COM 04351G101 1,526 121,498 SH   SOLE   121,498 0 0
AVERY DENNISON CORP COM 53611109 1,997 38,492 SH   SOLE   38,492 0 0
AVON PRODS INC COM 054303102 189 20,100 SH Put SOLE   20,100 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 14,315 454,300 SH Put SOLE   454,300 0 0
BARRICK GOLD CORP COM 067901108 9,474 881,344 SH   SOLE   881,344 0 0
BIOAMBER INC *W EXP 05/09/201 09072Q114 102 64,326 SH   SOLE   64,326 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 9,913 750,974 SH   SOLE   750,974 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 79,564 6,979,323 SH   SOLE   6,979,323 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 40,875 3,163,682 SH   SOLE   3,163,682 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 58,851 15,820,136 SH   SOLE   15,820,136 0 0
BLACKROCK INCOME TR INC COM 09247F100 1,848 288,813 SH   SOLE   288,813 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 2,353 149,690 SH   SOLE   149,690 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 33,633 2,005,559 SH   SOLE   2,005,559 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 10,663 686,581 SH   SOLE   686,581 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 28,405 1,723,585 SH   SOLE   1,723,585 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 7,173 436,319 SH   SOLE   436,319 0 0
CIT GROUP INC COM NEW 125581801 1,406 29,397 SH   SOLE   29,397 0 0
CLAYMORE EXCHANGE TRD FD TR GUG BLT2016 HY 18383M415 382 14,750 SH   SOLE   14,750 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2017 18383M548 759 33,418 SH   SOLE   33,418 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2015 18383M423 681 26,335 SH   SOLE   26,335 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 348 27,143 SH   SOLE   27,143 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 20 795,108 SH   SOLE   795,108 0 0
CONSOL ENERGY INC COM 20854P109 23,025 681,000 SH Put SOLE   681,000 0 0
CONSOL ENERGY INC COM 20854P109 5,511 163,000 SH   SOLE   163,000 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 2,169 659,168 SH   SOLE   659,168 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 342 30,369 SH   SOLE   30,369 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 2,347 238,291 SH   SOLE   238,291 0 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 10,284 733,003 SH   SOLE   733,003 0 0
DEUTSCHE HIGH INCOME TR SHS 25155R100 11,611 1,328,512 SH   SOLE   1,328,512 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 8,873 1,041,482 SH   SOLE   1,041,482 0 0
DYNEGY INC NEW DEL *W EXP 10/02/201 26817R116 3,501 868,769 SH   SOLE   868,769 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 428 30,335 SH   SOLE   30,335 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 1,648 116,443 SH   SOLE   116,443 0 0
EMCOR GROUP INC COM 29084Q100 2,460 55,288 SH   SOLE   55,288 0 0
F M C CORP COM NEW 302491303 1,515 26,559 SH   SOLE   26,559 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 7,627 476,666 SH   SOLE   476,666 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 872 58,681 SH   SOLE   58,681 0 0
FLEXTRONICS INTL LTD ORD Y2573F102 3,598 311,225 SH   SOLE   311,225 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 15,089 1,237,813 SH   SOLE   1,237,813 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 1,190 167,584 SH   SOLE   167,584 0 0
GENERAL MTRS CO COM 37045V100 1,070 30,644 SH   SOLE   30,644 0 0
GENWORTH FINL INC COM CL A 37247D106 3,225 379,378 SH   SOLE   379,378 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 17,527 1,987,215 SH   SOLE   1,987,215 0 0
GRACE W R & CO DEL NEW COM 38388F108 3,805 39,888 SH   SOLE   39,888 0 0
GREIF INC CL A 397624107 1,357 28,724 SH   SOLE   28,724 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 371 25,953 SH   SOLE   25,953 0 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 10,545 766,901 SH   SOLE   766,901 0 0
HCP INC COM 40414L109 6,125 139,099 SH   SOLE   139,099 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 2,931 26,064 SH   SOLE   26,064 0 0
INVESCO BD FD COM 46132L107 2,126 115,531 SH   SOLE   115,531 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 8,880 749,394 SH   SOLE   749,394 0 0
INVESCO HIGH INCOME TR II COM 46131F101 2,680 178,560 SH   SOLE   178,560 0 0
INVESCO SR INCOME TR COM 46131H107 357 78,370 SH   SOLE   78,370 0 0
ISHARES 10+ YR CR BD ETF 464289511 2,742 44,553 SH   SOLE   44,553 0 0
ISHARES INTERM CR BD ETF 464288638 838 7,666 SH   SOLE   7,666 0 0
ISHARES CORE US CR BD 464288620 260 2,322 SH   SOLE   2,322 0 0
ISHARES IBOXX INV CP ETF 464287242 7,852 65,753 SH   SOLE   65,753 0 0
ISHARES A RATE CP BD ETF 46429B291 1,907 36,831 SH   SOLE   36,831 0 0
KB HOME COM 48666K109 1,356 81,957 SH   SOLE   81,957 0 0
KBR INC COM 48242W106 4,271 251,991 SH   SOLE   251,991 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 9,032 540,511 SH   SOLE   540,511 0 0
LIFEPOINT HOSPITALS INC COM 53219L109 862 11,983 SH   SOLE   11,983 0 0
LMP CAP & INCOME FD INC COM 50208A102 324 19,326 SH   SOLE   19,326 0 0
LMP CORPORATE LN FD INC COM 50208B100 178 16,127 SH   SOLE   16,127 0 0
M D C HLDGS INC COM 552676108 915 34,576 SH   SOLE   34,576 0 0
MACK CALI RLTY CORP COM 554489104 8,989 471,634 SH   SOLE   471,634 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 10,498 5,831,973 SH   SOLE   5,831,973 0 0
MASCO CORP COM 574599106 2,175 86,328 SH   SOLE   86,328 0 0
MATRIX SVC CO COM 576853105 3,035 135,959 SH   SOLE   135,959 0 0
MBIA INC COM 55262C100 30,179 3,163,400 SH Put SOLE   3,163,400 0 0
MBIA INC COM 55262C100 4,225 442,840 SH   SOLE   442,840 0 0
MCCLATCHY CO CL A 579489105 1,174 353,606 SH   SOLE   353,606 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 15,285 1,663,266 SH   SOLE   1,663,266 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 4,272 1,612,190 SH   SOLE   1,612,190 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 16,189 2,490,689 SH   SOLE   2,490,689 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 36,591 3,465,097 SH   SOLE   3,465,097 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 376 41,361 SH   SOLE   41,361 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 445 24,844 SH   SOLE   24,844 0 0
MURPHY OIL CORP COM 626717102 15,156 300,000 SH Put SOLE   300,000 0 0
MURPHY OIL CORP COM 626717102 2,487 49,220 SH   SOLE   49,220 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 12,145 987,417 SH   SOLE   987,417 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 783 87,626 SH   SOLE   87,626 0 0
NEXPOINT CR STRATEGIES FD COM 65340G106 128 11,441 SH   SOLE   11,441 0 0
NRG ENERGY INC COM NEW 629377508 1,598 59,300 SH Put SOLE   59,300 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 3,372 384,547 SH   SOLE   384,547 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 491 41,718 SH   SOLE   41,718 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 20,644 891,750 SH   SOLE   891,750 0 0
NUVEEN MTG OPPTY TERM FD 2 COM 67074R100 731 31,545 SH   SOLE   31,545 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 555 72,304 SH   SOLE   72,304 0 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 7,154 858,778 SH   SOLE   858,778 0 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 1,038 128,728 SH   SOLE   128,728 0 0
ORBITZ WORLDWIDE INC COM 68557K109 1,687 205,011 SH   SOLE   205,011 0 0
PAREXEL INTL CORP COM 699462107 1,621 29,178 SH   SOLE   29,178 0 0
PEABODY ENERGY CORP COM 704549104 2,334 301,500 SH Put SOLE   301,500 0 0
PEABODY ENERGY CORP COM 704549104 2,191 283,052 SH   SOLE   283,052 0 0
PENNEY J C INC COM 708160106 26,051 4,020,200 SH Put SOLE   4,020,200 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 46,592 2,256,284 SH   SOLE   2,256,284 0 0
PIMCO DYNAMIC CR INCOME FD 0-5 HIGH YIELD 72201R783 1,301 12,902 SH   SOLE   12,902 0 0
POPULAR INC COM NEW 733174700 27,659 812,300 SH Put SOLE   812,300 0 0
POPULAR INC COM NEW 733174700 2,513 73,789 SH   SOLE   73,789 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 4,832 595,814 SH   SOLE   595,814 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 7,171 1,490,812 SH   SOLE   1,490,812 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 30,871 5,880,265 SH   SOLE   5,880,265 0 0
QUEST DIAGNOSTICS INC COM 74834L100 6,387 95,250 SH   SOLE   95,250 0 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 4,069 174,269 SH   SOLE   174,269 0 0
ROCK-TENN CO CL A 772739207 2,796 45,846 SH   SOLE   45,846 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 2,651 113,684 SH   SOLE   113,684 0 0
SEARS HLDGS CORP COM 812350106 16,945 513,800 SH Put SOLE   513,800 0 0
SKYWEST INC COM 830879102 3,057 230,229 SH   SOLE   230,229 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 4,110 20,000 SH   SOLE   20,000 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 1,314 42,969 SH   SOLE   42,969 0 0
SPX CORP COM 784635104 1,671 19,448 SH   SOLE   19,448 0 0
STANLEY BLACK & DECKER INC COM 854502101 1,226 12,763 SH   SOLE   12,763 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 2,792 329,287 SH   SOLE   329,287 0 0
TALISMAN ENERGY INC COM 87425E103 12,608 1,610,260 SH   SOLE   1,610,260 0 0
TECK RESOURCES LTD CL B 878742204 1,754 128,556 SH   SOLE   128,556 0 0
TETRA TECH INC NEW COM 88162G103 2,484 93,017 SH   SOLE   93,017 0 0
TRANSOCEAN LTD REG SHS H8817H100 71,456 3,898,300 SH Put SOLE   3,898,300 0 0
TRINSEO S A SHS L9340P101 4,582 262,569 SH   SOLE   262,569 0 0
UNIFIRST CORP MASS COM 904708104 3,974 32,720 SH   SOLE   32,720 0 0
UNITED TECHNOLOGIES CORP COM 913017109 1,138 9,896 SH   SOLE   9,896 0 0
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 249 3,114 SH   SOLE   3,114 0 0
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 17,232 209,205 SH   SOLE   209,205 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,946 36,709 SH   SOLE   36,709 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 822 51,884 SH   SOLE   51,884 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 63 11,900 SH   SOLE   11,900 0 0
WELLS FARGO ADVANTAGE INCOME COM SHS 94987B105 30,200 3,397,049 SH   SOLE   3,397,049 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 22,399 1,643,375 SH   SOLE   1,643,375 0 0
WENDYS CO COM 95058W100 3,120 345,464 SH   SOLE   345,464 0 0
WERNER ENTERPRISES INC COM 950755108 2,124 68,171 SH   SOLE   68,171 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 14,524 921,565 SH   SOLE   921,565 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 18,047 1,648,089 SH   SOLE   1,648,089 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 5,438 554,908 SH   SOLE   554,908 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 15,091 848,772 SH   SOLE   848,772 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 25,853 1,639,390 SH   SOLE   1,639,390 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 16,499 3,072,438 SH   SOLE   3,072,438 0 0
WESTERN ASSET INCOME FD COM 95766T100 796 59,217 SH   SOLE   59,217 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 22,049 4,314,910 SH   SOLE   4,314,910 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 4,951 433,944 SH   SOLE   433,944 0 0
WORTHINGTON INDS INC COM 981811102 2,153 71,560 SH   SOLE   71,560 0 0