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
ABENGOA YIELD PLC ORD SHS G00349103 704 19,790 SH   SOLE   19,790 0 0
ABERDEEN ASIA PACIFIC INCOM COM 003009107 39,971 6,774,825 SH   SOLE   6,774,825 0 0
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 2,485 116,826 SH   SOLE   116,826 0 0
AEGEAN MARINE PETROLEUM NETW SHS Y0017S102 1,194 130,230 SH   SOLE   130,230 0 0
AK STL HLDG CORP COM 001547108 8,392 1,047,697 SH   SOLE   1,047,697 0 0
ALCOA INC COM 013817101 9,401 584,300 SH Call SOLE   0 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 1,832 244,257 SH   SOLE   244,257 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,295 75,755 SH   SOLE   75,755 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 9,474 546,984 SH   SOLE   546,984 0 0
ARCTIC CAT INC COM 039670104 3,598 103,335 SH   SOLE   103,335 0 0
ASSURED GUARANTY LTD COM G0585R106 34,058 1,536,900 SH Put SOLE   1,536,900 0 0
ASSURED GUARANTY LTD COM G0585R106 12,727 574,328 SH   SOLE   574,328 0 0
AVERY DENNISON CORP COM 053611109 1,924 43,091 SH   SOLE   43,091 0 0
AVON PRODS INC COM 054303102 7,209 572,165 SH   SOLE   572,165 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06742E711 15,590 500,000 SH Put SOLE   500,000 0 0
BARRICK GOLD CORP COM 067901108 10,985 749,344 SH   SOLE   749,344 0 0
BIOAMBER INC *W EXP 05/09/201 09072Q114 167 68,226 SH   SOLE   68,226 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 14,522 1,086,199 SH   SOLE   1,086,199 0 0
BLACKROCK CORPOR HI YLD FD V COM 09255P107 90,021 7,609,542 SH   SOLE   7,609,542 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 49,708 3,734,621 SH   SOLE   3,734,621 0 0
BLACKROCK DEBT STRAT FD INC COM 09255R103 63,285 16,566,641 SH   SOLE   16,566,641 0 0
BLACKROCK INCOME OPP TRUST I COM 092475102 6,204 598,887 SH   SOLE   598,887 0 0
BLACKROCK INCOME TR INC COM 09247F100 4,131 650,515 SH   SOLE   650,515 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 5,426 335,580 SH   SOLE   335,580 0 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 42,655 2,404,449 SH   SOLE   2,404,449 0 0
BLACKSTONE GSO FLTING RTE FU COM 09256U105 2,228 129,780 SH   SOLE   129,780 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 11,315 677,544 SH   SOLE   677,544 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 27,479 1,637,590 SH   SOLE   1,637,590 0 0
BROOKFIELD MTG OPP INC FD IN COM 112792106 9,935 584,734 SH   SOLE   584,734 0 0
BRUNSWICK CORP COM 117043109 3,578 84,901 SH   SOLE   84,901 0 0
BUCKLE INC COM 118440106 1,313 28,923 SH   SOLE   28,923 0 0
CHIPMOS TECH BERMUDA LTD SHS G2110R114 1,221 54,000 SH   SOLE   54,000 0 0
CIT GROUP INC COM NEW 125581801 3,024 65,803 SH   SOLE   65,803 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2017 18383M548 761 33,418 SH   SOLE   33,418 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG BULL 2015 18383M423 457 17,272 SH   SOLE   17,272 0 0
CLAYMORE EXCHANGE TRD FD TR GUG BLT2016 HY 18383M415 839 31,481 SH   SOLE   31,481 0 0
CLAYMORE EXCHANGE TRD FD TR GUGG CRP BD 2014 18383M571 3,563 169,034 SH   SOLE   169,034 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT Y2573F102 980 82,163 SH   SOLE   82,163 0 0
COMMUNITY HEALTH SYS INC NEW COM 203668108 219 4,000 SH   SOLE   4,000 0 0
COMMUNITY HEALTH SYS INC NEW RIGHT 01/27/2016 203668116 24 795,108 SH   SOLE   795,108 0 0
CONAGRA FOODS INC COM 205887102 900 27,226 SH   SOLE   27,226 0 0
CREDIT SUISSE ASSET MGMT INC COM 224916106 3,231 944,780 SH   SOLE   944,780 0 0
DEERE & CO COM 244199105 1,948 23,758 SH   SOLE   23,758 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 556 46,269 SH   SOLE   46,269 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 2,501 253,870 SH   SOLE   253,870 0 0
DHT HOLDINGS INC SHS NEW Y2065G121 2,542 412,599 SH   SOLE   412,599 0 0
DRYSHIPS INC SHS Y2109Q101 569 230,509 SH   SOLE   230,509 0 0
DWS HIGH INCOME OPPORT FD IN COM NEW 25158Y102 10,731 733,003 SH   SOLE   733,003 0 0
DWS HIGH INCOME TR SHS NEW 25155R100 11,458 1,281,658 SH   SOLE   1,281,658 0 0
DWS MULTI MKT INCOME TR SHS 25160E102 8,993 1,015,067 SH   SOLE   1,015,067 0 0
DWS STRATEGIC INCOME TR SHS 25160F109 3,778 311,225 SH   SOLE   311,225 0 0
DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 4,497 1,086,278 SH   SOLE   1,086,278 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 3,500 240,070 SH   SOLE   240,070 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 3,218 219,336 SH   SOLE   219,336 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 73 11,161 SH   SOLE   11,161 0 0
EMCOR GROUP INC COM 29084Q100 2,059 51,528 SH   SOLE   51,528 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 2,480 60,000 SH   SOLE   60,000 0 0
ENPRO INDS INC COM 29355X107 1,392 23,000 SH   SOLE   23,000 0 0
FIRST TR HIGH INCOME L/S FD COM 33738E109 9,836 575,557 SH   SOLE   575,557 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 1,107 73,303 SH   SOLE   73,303 0 0
FOREST OIL CORP COM PAR $0.01 346091705 12,665 10,824,476 SH   SOLE   10,824,476 0 0
FRANKLIN TEMPLETON LTD DUR I COM 35472T101 17,323 1,399,268 SH   SOLE   1,399,268 0 0
FRANKLIN UNVL TR SH BEN INT SH BEN INT 355145103 1,456 206,805 SH   SOLE   206,805 0 0
GASLOG LTD SHS G37585109 367 16,690 SH   SOLE   16,690 0 0
GENERAL MTRS CO COM 37045V100 1,757 55,000 SH   SOLE   55,000 0 0
GENUINE PARTS CO COM 372460105 1,343 15,312 SH   SOLE   15,312 0 0
GENWORTH FINL INC COM CL A 37247D106 6,367 486,040 SH   SOLE   486,040 0 0
GLOBAL HIGH INCOME FUND INC COM 37933G108 19,252 1,992,959 SH   SOLE   1,992,959 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,988 45,000 SH   SOLE   45,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 3,703 40,717 SH   SOLE   40,717 0 0
GREIF INC CL A 397624107 1,513 34,543 SH   SOLE   34,543 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 1,053 74,712 SH   SOLE   74,712 0 0
HANCOCK JOHN PREMUIM DIV FD COM SH BEN INT 41013T105 16,105 1,224,752 SH   SOLE   1,224,752 0 0
HCA HOLDINGS INC COM 40412C101 494 7,000 SH   SOLE   7,000 0 0
HCP INC COM 40414L109 6,581 165,719 SH   SOLE   165,719 0 0
HUNTINGTON INGALLS INDS INC COM 446413106 2,510 24,085 SH   SOLE   24,085 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 1,070 63,449 SH   SOLE   63,449 0 0
INTERVAL LEISURE GROUP INC COM 46113M108 1,445 75,842 SH   SOLE   75,842 0 0
INVESCO BD FD COM 46132L107 9,645 519,119 SH   SOLE   519,119 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 4,982 403,415 SH   SOLE   403,415 0 0
INVESCO HIGH INCOME TR II COM 46131F101 3,033 194,904 SH   SOLE   194,904 0 0
INVESCO SR INCOME TR COM 46131H107 371 78,026 SH   SOLE   78,026 0 0
INVESCO SR INCOME TR 1-3 YR CR BD ETF 464288646 24,129 229,192 SH   SOLE   229,192 0 0
INVESCO SR INCOME TR INTERM CR BD ETF 464288638 4,180 38,241 SH   SOLE   38,241 0 0
ISHARES TR IBOXX INV CP ETF 464287242 3,185 26,943 SH   SOLE   26,943 0 0
ISHARES TR A RATE CP BD ETF 46429B291 2,107 41,120 SH   SOLE   41,120 0 0
ISHARES TR CORE TOTUSBD ETF 464287226 2,994 27,444 SH   SOLE   27,444 0 0
KB HOME COM 48666K109 12,332 825,459 SH   SOLE   825,459 0 0
KBR INC COM 48242W106 7,096 376,849 SH   SOLE   376,849 0 0
LEE ENTERPRISES INC COM 523768109 1,201 355,365 SH   SOLE   355,365 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 10,414 615,462 SH   SOLE   615,462 0 0
LMP CAP & INCOME FD INC COM 50208A102 911 53,863 SH   SOLE   53,863 0 0
LMP CORPORATE LN FD INC COM 50208B100 1,098 95,095 SH   SOLE   95,095 0 0
M D C HLDGS INC COM 552676108 951 37,550 SH   SOLE   37,550 0 0
MACK CALI RLTY CORP COM 554489104 9,003 471,108 SH   SOLE   471,108 0 0
MANAGED HIGH YIELD PLUS FD I COM 561911108 11,635 5,846,800 SH   SOLE   5,846,800 0 0
MASCO CORP COM 574599106 1,759 73,523 SH   SOLE   73,523 0 0
MATRIX SVC CO COM 576853105 2,198 91,138 SH   SOLE   91,138 0 0
MBIA INC COM 55262C100 47,507 5,175,000 SH Put SOLE   5,175,000 0 0
MBIA INC COM 55262C100 12,035 1,310,996 SH   SOLE   1,310,996 0 0
MCCLATCHY CO CL A 579489105 34 10,000 SH   SOLE   10,000 0 0
MCDERMOTT INTL INC COM 580037109 7,600 1,328,700 SH Put SOLE   1,328,700 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 22,861 2,580,198 SH   SOLE   2,580,198 0 0
MFS INTERMEDIATE HIGH INC FD SH BEN INT 59318T109 4,314 1,585,968 SH   SOLE   1,585,968 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 20,378 3,174,128 SH   SOLE   3,174,128 0 0
MGIC INVT CORP WIS COM 552848103 6,612 846,608 SH   SOLE   846,608 0 0
MICRON TECHNOLOGY INC COM 595112103 1,096 32,000 SH   SOLE   32,000 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 40,757 3,451,090 SH   SOLE   3,451,090 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 582 60,051 SH   SOLE   60,051 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 839 47,140 SH   SOLE   47,140 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 14,019 1,085,894 SH   SOLE   1,085,894 0 0
NEW AMER HIGH INCOME FD INC COM NEW 641876800 1,108 117,733 SH   SOLE   117,733 0 0
NEXPOINT CR STRATEGIES FD COM 65340G106 267 25,100 SH   SOLE   25,100 0 0
NORANDA ALUM HLDG CORP COM 65542W107 1,288 285,014 SH   SOLE   285,014 0 0
NRG ENERGY INC COM NEW 629377508 1,807 59,300 SH Put SOLE   59,300 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 3,436 384,747 SH   SOLE   384,747 0 0
NUVEEN DIVERSIFIED DIV INCM COM 6706EP105 556 47,729 SH   SOLE   47,729 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 22,169 932,650 SH   SOLE   932,650 0 0
NUVEEN MTG OPPTY TERM FD 2 COM 67074R100 1,479 63,512 SH   SOLE   63,512 0 0
NUVEEN MULTI MKT INCOME FD I COM 67075J107 546 72,304 SH   SOLE   72,304 0 0
NUVEEN PFD & INCOME TERM FD COM 67075A106 1,845 80,534 SH   SOLE   80,534 0 0
NUVEEN QUALITY PFD INC FD 3 COM 67072W101 7,672 916,613 SH   SOLE   916,613 0 0
NUVEEN QUALITY PFD INCOME FD COM 67071S101 6,263 768,449 SH   SOLE   768,449 0 0
NUVEEN QUALITY PFD INCOME FD COM 67072C105 3,510 402,993 SH   SOLE   402,993 0 0
PEABODY ENERGY CORP COM 704549104 45,187 3,650,000 SH Put SOLE   3,650,000 0 0
PEABODY ENERGY CORP COM 704549104 21,190 1,711,623 SH   SOLE   1,711,623 0 0
PENNEY J C INC COM 708160106 40,363 4,020,200 SH Put SOLE   4,020,200 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 55,702 2,478,943 SH   SOLE   2,478,943 0 0
POPULAR INC COM NEW 733174700 50,731 1,723,500 SH Put SOLE   1,723,500 0 0
POPULAR INC COM NEW 733174700 12,845 436,388 SH   SOLE   436,388 0 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 1,051 43,292 SH   SOLE   43,292 0 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 3,655 221,495 SH   SOLE   221,495 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 3,552 212,288 SH   SOLE   212,288 0 0
PUTMAN HIGH INCOME SEC FUND SHS BEN INT 746779107 5,349 642,928 SH   SOLE   642,928 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 11,047 2,196,219 SH   SOLE   2,196,219 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 36,167 6,599,907 SH   SOLE   6,599,907 0 0
QUEST DIAGNOSTICS INC COM 74834L100 6,627 109,214 SH   SOLE   109,214 0 0
RADIAN GROUP INC COM 750236101 3,636 255,000 SH   SOLE   255,000 0 0
ROADRUNNER TRNSN SVCS HLDG I COM 76973Q105 4,948 217,091 SH   SOLE   217,091 0 0
ROCK-TENN CO CL A 772739207 5,952 125,098 SH   SOLE   125,098 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 5,976 236,127 SH   SOLE   236,127 0 0
SEARS HLDGS CORP COM 812350106 12,483 500,600 SH Put SOLE   500,600 0 0
SEARS HLDGS CORP COM 812350106 263 10,442 SH   SOLE   10,442 0 0
SKYWEST INC COM 830879102 3,409 438,168 SH   SOLE   438,168 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 31,523 160,000 SH Put SOLE   160,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 17,600 89,329 SH   SOLE   89,329 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 6,467 216,082 SH   SOLE   216,082 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 16,156 402,081 SH   SOLE   402,081 0 0
SPDR SERIES TRUST BARC SHT TR CP 78464A474 5,342 174,057 SH   SOLE   174,057 0 0
STANLEY BLACK & DECKER INC COM 854502101 1,808 20,363 SH   SOLE   20,363 0 0
STRATEGIC GLOBAL INCOME FD COM 862719101 3,368 381,387 SH   SOLE   381,387 0 0
TALISMAN ENERGY INC COM 87425E103 27,367 3,163,816 SH   SOLE   3,163,816 0 0
TECK RESOURCES LTD CL B 878742204 2,279 120,666 SH   SOLE   120,666 0 0
TEEKAY CORPORATION COM Y8564W103 6,337 95,491 SH   SOLE   95,491 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 594 10,000 SH   SOLE   10,000 0 0
TETRA TECH INC NEW COM 88162G103 2,045 81,872 SH   SOLE   81,872 0 0
TIME WARNER CABLE INC COM 88732J207 509 3,548 SH   SOLE   3,548 0 0
T-MOBILE US INC COM 872590104 1,057 36,600 SH   SOLE   36,600 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 538 26,361 SH   SOLE   26,361 0 0
TRINSEO S A SHS ADDED COM L9340P101 5,801 368,778 SH   SOLE   368,778 0 0
TYSON FOODS INC CL A 902494103 19,685 500,000 SH Call SOLE   0 0 0
TYSON FOODS INC CL A 902494103 19,685 500,000 SH Put SOLE   500,000 0 0
TYSON FOODS INC CL A 902494103 9,031 229,392 SH   SOLE   229,392 0 0
UNIFIRST CORP MASS COM 904708104 8,150 84,373 SH   SOLE   84,373 0 0
VANGUARD BD INDEX FD INC LONG TERM BOND 921937793 975 10,806 SH   SOLE   10,806 0 0
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 1,996 37,959 SH   SOLE   37,959 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 15,259 170,450 SH   SOLE   170,450 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 949 55,584 SH   SOLE   55,584 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 65 11,900 SH   SOLE   11,900 0 0
WELLS FARGO ADVANTAGE INCOME COM SHS 94987B105 32,609 3,603,249 SH   SOLE   3,603,249 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 23,807 1,705,343 SH   SOLE   1,705,343 0 0
WENDYS CO COM 95058W100 4,829 584,614 SH   SOLE   584,614 0 0
WERNER ENTERPRISES INC COM 950755108 2,232 88,568 SH   SOLE   88,568 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 16,458 961,876 SH   SOLE   961,876 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 20,869 1,734,740 SH   SOLE   1,734,740 0 0
WESTERN ASSET GLB PTNRS INCO COM 95766G108 5,311 510,680 SH   SOLE   510,680 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 17,124 941,406 SH   SOLE   941,406 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 27,552 1,658,756 SH   SOLE   1,658,756 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 21,995 3,798,775 SH   SOLE   3,798,775 0 0
WESTERN ASSET INCOME FD COM 95766T100 2,803 209,174 SH   SOLE   209,174 0 0
WESTERN ASSET MGD HI INCM FD COM 95766L107 24,508 4,431,910 SH   SOLE   4,431,910 0 0
WESTERN ASSET VAR RT STRG FD COM 957667108 446 26,124 SH   SOLE   26,124 0 0
WESTERN ASSET WORLDWIDE INCO COM 957668106 5,502 449,480 SH   SOLE   449,480 0 0
WHIRLPOOL CORP COM 963320106 5,917 40,628 SH   SOLE   40,628 0 0