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 171 35,000 SH   SOLE   35,000 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 728 121,533 SH   SOLE   121,533 0 0
ADVENT CLAYMORE CV SECS & IN COM 00764C109 670 42,161 SH   SOLE   42,161 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 3,673 274,073 SH   SOLE   274,073 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 1,488 239,659 SH   SOLE   239,659 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 1,561 231,588 SH   SOLE   231,588 0 0
APOLLO SR FLOATING RATE FD I COM 037636107 3,324 204,930 SH   SOLE   204,930 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 3,018 183,828 SH   SOLE   183,828 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,613 147,479 SH   SOLE   147,479 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 3,842 257,475 SH   SOLE   257,475 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 685 49,186 SH   SOLE   49,186 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 154 9,339 SH   SOLE   9,339 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 2,597 178,869 SH   SOLE   178,869 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 3,566 272,237 SH   SOLE   272,237 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 691 50,000 SH   SOLE   50,000 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 140 9,859 SH   SOLE   9,859 0 0
BLACKROCK MUNICIPAL BOND TR COM 09248F109 4,484 318,212 SH   SOLE   318,212 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,535 161,388 SH   SOLE   161,388 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 2,269 142,510 SH   SOLE   142,510 0 0
BROOKFIELD REAL ASSETS INCOM SH BEN INT 112830104 2,476 105,958 SH   SOLE   105,958 0 0
CLEARBRIDGE ENERGY MLP FD IN COM 184692101 107 7,000 SH   SOLE   7,000 0 0
COHEN & STEERS LTD DUR PFD I COM 19248C105 1,832 70,289 SH   SOLE   70,289 0 0
COHEN & STEERS TOTAL RETURN COM 19247R103 460 36,031 SH   SOLE   36,031 0 0
DEUTSCHE MUN INCOME COM 25160C106 3,560 299,192 SH   SOLE   299,192 0 0
DEUTSCHE STRATEGIC MUN COM 25159F102 2,940 249,552 SH   SOLE   249,552 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 3,315 164,197 SH   SOLE   164,197 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 5,184 398,798 SH   SOLE   398,798 0 0
DREYFUS MUN INCOME INC COM 26201R102 1,975 222,143 SH   SOLE   222,143 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 3,249 238,040 SH   SOLE   238,040 0 0
EATON VANCE MUN BD FD COM 27827X101 4,492 359,100 SH   SOLE   359,100 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 7,637 615,891 SH   SOLE   615,891 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 136 20,800 SH   SOLE   20,800 0 0
FEDERATED PREM MUN INC FD COM 31423P108 3,967 282,525 SH   SOLE   282,525 0 0
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 6 200 SH   SOLE   200 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 7,283 640,008 SH   SOLE   640,008 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 2,710 231,389 SH   SOLE   231,389 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 1,009 81,400 SH   SOLE   81,400 0 0
INVESCO MUN TR COM 46131J103 4,593 367,452 SH   SOLE   367,452 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 7,395 591,163 SH   SOLE   591,163 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,733 207,388 SH   SOLE   207,388 0 0
INVESCO VALUE MUN INCOME COM 46132P108 3,159 212,019 SH   SOLE   212,019 0 0
HANCOCK JOHN INVS TR COM 410142103 1,999 114,205 SH   SOLE   114,205 0 0
KKR INCOME OPPORTUNITIES FD COM 48249T106 2,276 141,796 SH   SOLE   141,796 0 0
MFS MUN INCOME TR SH BEN INT 552738106 3,985 580,033 SH   SOLE   580,033 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 2,761 234,819 SH   SOLE   234,819 0 0
NEUBERGER BERMAN INTER MUNI COM 64124P101 2,155 145,704 SH   SOLE   145,704 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 9,606 698,596 SH   SOLE   698,596 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 4,823 312,389 SH   SOLE   312,389 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 4,258 299,852 SH   SOLE   299,852 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 717 42,401 SH   SOLE   42,401 0 0
NUVEEN INTER DURATION MN TMF COM 670671106 601 46,241 SH   SOLE   46,241 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 4,434 290,958 SH   SOLE   290,958 0 0
NUVEEN PFD & INCOME TERM FD COM 67075A106 1,197 48,346 SH   SOLE   48,346 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 8,860 630,132 SH   SOLE   630,132 0 0
NUVEEN REAL ASSET INC & GROW COM 67074Y105 970 54,491 SH   SOLE   54,491 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 2,395 106,734 SH   SOLE   106,734 0 0
PIMCO MUNICIPAL INCOME FD COM 72200R107 314 24,179 SH   SOLE   24,179 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 87 4,000 SH   SOLE   4,000 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 256 8,480 SH   SOLE   8,480 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 2,758 175,090 SH   SOLE   175,090 0 0
PIONEER HIGH INCOME TR COM 72369H106 4,005 412,440 SH   SOLE   412,440 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 1,702 149,680 SH   SOLE   149,680 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 5,312 448,298 SH   SOLE   448,298 0 0
PRINCIPAL REAL ESTATE INCOME SH BEN INT 74255X104 1,849 71,649 SH   SOLE   71,649 0 0
POWERSHARES ETF TR II INSUR NATL MUN 73936T474 1,575 91,627 SH   SOLE   91,627 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 164 11,000 SH   SOLE   11,000 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 673 45,557 SH   SOLE   45,557 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 5,899 796,130 SH   SOLE   796,130 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 7,193 582,425 SH   SOLE   582,425 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 2,769 89,482 SH   SOLE   89,482 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 995 196,300 SH   SOLE   196,300 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 1,765 210,109 SH   SOLE   210,109 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 2,238 143,922 SH   SOLE   143,922 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 1,457 142,548 SH   SOLE   142,548 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 3,622 519,719 SH   SOLE   519,719 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 1,090 214,990 SH   SOLE   214,990 0 0
WESTERN ASSET HGH YLD DFNDFD COM 95768B107 1,128 74,579 SH   SOLE   74,579 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 2,414 174,819 SH   SOLE   174,819 0 0