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 241 48,150 SH   SOLE   48,150 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 1,741 279,513 SH   SOLE   279,513 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 1,694 104,899 SH   SOLE   104,899 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 4,858 354,859 SH   SOLE   354,859 0 0
ALLIANZGI CONV & INCOME FD COM 018828103 105 15,000 SH   SOLE   15,000 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 2,809 451,626 SH   SOLE   451,626 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,465 231,058 SH   SOLE   231,058 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 1,049 62,185 SH   SOLE   62,185 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 2,958 180,928 SH   SOLE   180,928 0 0
BARINGS GLOBAL SHORT DURATIO COM 06760L100 207 10,476 SH   SOLE   10,476 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 2,783 253,919 SH   SOLE   253,919 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 269 20,000 SH   SOLE   20,000 0 0
BLACKROCK DEBT STRAT FD INC COM NEW 09255R202 426 36,957 SH   SOLE   36,957 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 1,689 113,891 SH   SOLE   113,891 0 0
BLACKROCK LTD DURATION INC T COM SHS 09249W101 1,215 77,027 SH   SOLE   77,027 0 0
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 470 39,791 SH   SOLE   39,791 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,404 100,000 SH   SOLE   100,000 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 2,955 200,884 SH   SOLE   200,884 0 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 2,300 171,151 SH   SOLE   171,151 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 2,381 245,936 SH   SOLE   245,936 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 5,503 419,440 SH   SOLE   419,440 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254F100 1,707 111,216 SH   SOLE   111,216 0 0
BLACKROCK MUNICIPAL BOND TR COM 09249H104 1,724 110,811 SH   SOLE   110,811 0 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 3,713 262,589 SH   SOLE   262,589 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 3,159 198,408 SH   SOLE   198,408 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 1,294 80,195 SH   SOLE   80,195 0 0
BROOKFIELD REAL ASSETS INCOM SH BEN INT 112830104 3,611 155,799 SH   SOLE   155,799 0 0
CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 1,472 124,343 SH   SOLE   124,343 0 0
CLEARBRIDGE ENERGY MLP FD IN COM 184692101 187 12,242 SH   SOLE   12,242 0 0
COHEN & STEERS TOTAL RETURN COM 19247R103 915 72,741 SH   SOLE   72,741 0 0
DEUTSCHE STRATEGIC MUN COM 25159F102 1,386 111,127 SH   SOLE   111,127 0 0
DIVERSIFIED REAL ASSET INC F COM SHS 25533B108 1,072 61,438 SH   SOLE   61,438 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 978 47,369 SH   SOLE   47,369 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 3,762 287,158 SH   SOLE   287,158 0 0
DREYFUS MUN INCOME INC COM 26201R102 2,676 297,027 SH   SOLE   297,027 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 2,276 161,415 SH   SOLE   161,415 0 0
EATON VANCE MUN BD FD COM 27827X101 3,094 243,836 SH   SOLE   243,836 0 0
EATON VANCE MUN BD FD II COM 27827K109 1,823 144,014 SH   SOLE   144,014 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 5,675 436,503 SH   SOLE   436,503 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 1,161 77,882 SH   SOLE   77,882 0 0
FEDERATED PREM MUN INC FD COM 31423P108 2,402 164,526 SH   SOLE   164,526 0 0
FIRST TR SR FLG RTE INCM FD COM 33733U108 1,341 100,721 SH   SOLE   100,721 0 0
FLAHERTY & CRUMRINE PFD INC COM 338480106 117 7,461 SH   SOLE   7,461 0 0
FLAHERTY&CRMN PFD SEC INCOM COM 338478100 2,222 101,116 SH   SOLE   101,116 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740Q252 91 7,125 SH   SOLE   7,125 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 6,988 605,008 SH   SOLE   605,008 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 2,956 246,111 SH   SOLE   246,111 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 5,627 429,834 SH   SOLE   429,834 0 0
INVESCO MUN TR COM 46131J103 1,997 155,663 SH   SOLE   155,663 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 6,815 534,946 SH   SOLE   534,946 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 3,997 297,804 SH   SOLE   297,804 0 0
INVESCO VALUE MUN INCOME COM 46132P108 7,185 473,642 SH   SOLE   473,642 0 0
HANCOCK JOHN INVS TR COM 410142103 2,142 124,910 SH   SOLE   124,910 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 1,978 380,380 SH   SOLE   380,380 0 0
MFS HIGH YIELD MUN TR SH BEN INT 59318E102 628 133,695 SH   SOLE   133,695 0 0
MFS MUN INCOME TR SH BEN INT 552738106 462 64,978 SH   SOLE   64,978 0 0
MACQUARIE FT TR GB INF UT DI COM 55607W100 195 15,000 SH   SOLE   15,000 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 2,382 200,350 SH   SOLE   200,350 0 0
NEUBERGER BERMAN INTER MUNI COM 64124P101 3,415 224,351 SH   SOLE   224,351 0 0
NEUBERGER BERMAN MLP INCOME COM 64129H104 115 12,000 SH   SOLE   12,000 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 11,254 822,079 SH   SOLE   822,079 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 1,179 136,900 SH   SOLE   136,900 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 7,597 541,098 SH   SOLE   541,098 0 0
NUVEEN ENHANCED MUN CREDIT O COM SH BEN INT 67070X101 5,533 370,849 SH   SOLE   370,849 0 0
NUVEEN ENHANCED AMT FREE MUN COM 67071L106 5,539 365,582 SH   SOLE   365,582 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 583 35,314 SH   SOLE   35,314 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 3,245 226,136 SH   SOLE   226,136 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 2,018 119,604 SH   SOLE   119,604 0 0
NUVEEN PFD AND INC TERM FD COM 67075A106 1,056 42,931 SH   SOLE   42,931 0 0
NUVEEN PFD INCOME OPPRTNY FD COM 67073B106 1,427 137,247 SH   SOLE   137,247 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 912 40,863 SH   SOLE   40,863 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 3,642 266,624 SH   SOLE   266,624 0 0
PIMCO MUN INCOME FD III COM 72201A103 263 22,417 SH   SOLE   22,417 0 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 793 52,500 SH   SOLE   52,500 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 112 5,000 SH   SOLE   5,000 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 113 4,000 SH   SOLE   4,000 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 284 8,480 SH   SOLE   8,480 0 0
PACHOLDER HIGH YIELD FD INC COM 693742108 990 124,310 SH   SOLE   124,310 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 1,423 86,722 SH   SOLE   86,722 0 0
PIONEER FLOATING RATE TR COM 72369J102 167 14,000 SH   SOLE   14,000 0 0
PIONEER HIGH INCOME TR COM 72369H106 3,785 382,722 SH   SOLE   382,722 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 6,838 584,441 SH   SOLE   584,441 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 6,952 573,606 SH   SOLE   573,606 0 0
POWERSHARES ETF TR II SOVEREIGN DEBT 73936T573 835 28,521 SH   SOLE   28,521 0 0
POWERSHARES ETF TR II FDM HG YLD RAFI 73936T557 1,149 60,400 SH   SOLE   60,400 0 0
PRINCIPAL REAL ESTATE INCOME SH BEN INT 74255X104 1,105 61,097 SH   SOLE   61,097 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 192 11,000 SH   SOLE   11,000 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 341 22,364 SH   SOLE   22,364 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 4,241 564,760 SH   SOLE   564,760 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 5,745 459,586 SH   SOLE   459,586 0 0
THL CR SR LN FD COM 87244R103 811 45,741 SH   SOLE   45,741 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 719 66,538 SH   SOLE   66,538 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 148 19,545 SH   SOLE   19,545 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,056 196,300 SH   SOLE   196,300 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 1,659 193,809 SH   SOLE   193,809 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 78 5,000 SH   SOLE   5,000 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 240 23,810 SH   SOLE   23,810 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 2,927 407,045 SH   SOLE   407,045 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 524 34,279 SH   SOLE   34,279 0 0
WESTERN ASSET INVT GRADE DEF COM 95790A101 815 37,420 SH   SOLE   37,420 0 0
WESTERN ASST MNGD MUN FD INC COM 95766M105 2,984 216,353 SH   SOLE   216,353 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 2,495 178,499 SH   SOLE   178,499 0 0
ISHARES TR U.S. PFD STK ETF 464288687 2,190 55,917 SH   SOLE   55,917 0 0