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 165 35,000 SH   SOLE   35,000 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 383 69,192 SH   SOLE   69,192 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 8,740 698,680 SH   SOLE   698,680 0 0
ALLIANZGI CONV & INCOME FD I COM 018825109 818 139,269 SH   SOLE   139,269 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 181 29,000 SH   SOLE   29,000 0 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 2,534 155,952 SH   SOLE   155,952 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,559 147,479 SH   SOLE   147,479 0 0
BLACKROCK INVT QUALITY MUN T COM 09247D105 6,119 445,990 SH   SOLE   445,990 0 0
BLACKROCK LONG-TERM MUNI ADV COM 09250B103 1,641 145,193 SH   SOLE   145,193 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 4,389 335,264 SH   SOLE   335,264 0 0
BLACKROCK MUNIENHANCED FD IN COM 09253Y100 8,708 819,925 SH   SOLE   819,925 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 890 58,607 SH   SOLE   58,607 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 1,730 132,851 SH   SOLE   132,851 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 1,316 107,899 SH   SOLE   107,899 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 526 59,779 SH   SOLE   59,779 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 1,297 97,044 SH   SOLE   97,044 0 0
BLACKROCK MUNIYLD MICH QLTY COM 09254V105 2,154 162,697 SH   SOLE   162,697 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 1,012 84,048 SH   SOLE   84,048 0 0
BLACKROCK MUNIY QUALITY FD I COM 09254G108 5,632 466,975 SH   SOLE   466,975 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 15,145 1,204,874 SH   SOLE   1,204,874 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254F100 2,993 214,578 SH   SOLE   214,578 0 0
BLACKROCK MUNICIPAL BOND TR COM 09249H104 646 45,111 SH   SOLE   45,111 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 3,561 272,211 SH   SOLE   272,211 0 0
BLACKROCK MUNICIPAL BOND TR COM 09248F109 3,121 242,665 SH   SOLE   242,665 0 0
BLACKROCK MUNI INCOME TR II COM 09249N101 1,041 77,651 SH   SOLE   77,651 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 2,277 143,283 SH   SOLE   143,283 0 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 2,151 132,308 SH   SOLE   132,308 0 0
BROOKFIELD REAL ASSETS INCOM SH BEN INT 112830104 2,168 99,894 SH   SOLE   99,894 0 0
CALAMOS DYNAMIC CONV & INCOM COM 12811V105 62 3,189 SH   SOLE   3,189 0 0
DTF TAX-FREE INCOME INC COM 23334J107 1,762 132,396 SH   SOLE   132,396 0 0
DEUTSCHE MUN INCOME COM 25160C106 10,140 903,774 SH   SOLE   903,774 0 0
DEUTSCHE STRATEGIC MUN COM 25159F102 3,431 312,230 SH   SOLE   312,230 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 3,282 164,197 SH   SOLE   164,197 0 0
DOUBLELINE OPPORTUNISTIC CR COM 258623107 1,785 82,837 SH   SOLE   82,837 0 0
DREYFUS MUN BD INFRSTRCTR FD SHS 26203D101 6,446 524,954 SH   SOLE   524,954 0 0
DREYFUS MUN INCOME INC COM 26201R102 3,462 433,304 SH   SOLE   433,304 0 0
DREYFUS STRATEGIC MUN BD FD COM 26202F107 4,035 533,026 SH   SOLE   533,026 0 0
DREYFUS STRATEGIC MUNS INC COM 261932107 6,296 821,890 SH   SOLE   821,890 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 987 96,454 SH   SOLE   96,454 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 2,724 210,040 SH   SOLE   210,040 0 0
EATON VANCE MUN BD FD COM 27827X101 9,198 779,492 SH   SOLE   779,492 0 0
EATON VANCE MUN BD FD II COM 27827K109 2,568 220,970 SH   SOLE   220,970 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 7,725 665,950 SH   SOLE   665,950 0 0
EATON VANCE NATL MUN OPPORT COM SHS 27829L105 52 2,496 SH   SOLE   2,496 0 0
FEDERATED PREM MUN INC FD COM 31423P108 4,263 318,640 SH   SOLE   318,640 0 0
FLAHERTY & CRUMRINE PFD INC COM 338480106 95 7,000 SH   SOLE   7,000 0 0
FLAHERTY&CRMN PFD SEC INCOM COM 338478100 2,578 136,890 SH   SOLE   136,890 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 6,366 597,765 SH   SOLE   597,765 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 2,698 231,389 SH   SOLE   231,389 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 6,910 589,076 SH   SOLE   589,076 0 0
INVESCO MUN TR COM 46131J103 5,615 480,743 SH   SOLE   480,743 0 0
INVESCO PA VALUE MUN INCOME COM 46132K109 1,314 112,098 SH   SOLE   112,098 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 7,916 665,880 SH   SOLE   665,880 0 0
INVESCO SR INCOME TR COM 46131H107 288 65,265 SH   SOLE   65,265 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 3,839 315,220 SH   SOLE   315,220 0 0
HANCOCK JOHN INVS TR COM 410142103 1,457 87,810 SH   SOLE   87,810 0 0
KKR INCOME OPPORTUNITIES FD COM 48249T106 3,085 193,546 SH   SOLE   193,546 0 0
KAYNE ANDERSON MLP INVT CO COM 486606106 81 5,000 SH   SOLE   5,000 0 0
MFS MUN INCOME TR SH BEN INT 552738106 4,050 616,417 SH   SOLE   616,417 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 2,599 234,819 SH   SOLE   234,819 0 0
NEUBERGER BERMAN INTER MUNI COM 64124P101 3,427 248,715 SH   SOLE   248,715 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 13,916 1,076,255 SH   SOLE   1,076,255 0 0
NUVEEN CA QUALTY MUN INCOME COM 67066Y105 4,294 320,655 SH   SOLE   320,655 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 765 96,480 SH   SOLE   96,480 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 6,549 453,835 SH   SOLE   453,835 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 4,403 329,072 SH   SOLE   329,072 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 8,828 626,085 SH   SOLE   626,085 0 0
NUVEEN NEW JERSEY QULT MUN F COM 67069Y102 4,057 311,141 SH   SOLE   311,141 0 0
NUVEEN NEW YORK AMT QLT MUNI COM 670656107 827 68,155 SH   SOLE   68,155 0 0
NUVEEN OHIO QLTY MUN INCOME COM 670980101 701 51,103 SH   SOLE   51,103 0 0
NUVEEN PENNSYLVANIA QLT MUN COM 670972108 2,326 186,112 SH   SOLE   186,112 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 16,409 1,258,365 SH   SOLE   1,258,365 0 0
NUVEEN REAL ASSET INM AND GW COM 67074Y105 885 54,491 SH   SOLE   54,491 0 0
NUVEEN TEXAS QLTY MUN INCME COM 670983105 593 45,300 SH   SOLE   45,300 0 0
PIMCO DYNAMIC CR INCOME FD COM SHS 72202D106 3,199 139,107 SH   SOLE   139,107 0 0
PROSHARES TR SHRT 20+YR TRE 74347X849 91 4,000 SH   SOLE   4,000 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 116 4,000 SH   SOLE   4,000 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 259 8,480 SH   SOLE   8,480 0 0
PIONEER DIV HIGH INCOME TRUS COM 723653101 2,983 199,685 SH   SOLE   199,685 0 0
PIONEER HIGH INCOME TR COM 72369H106 3,919 418,240 SH   SOLE   418,240 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 3,211 300,350 SH   SOLE   300,350 0 0
PIONEER MUN HIGH INCOME TR COM SHS 723763108 7,087 629,424 SH   SOLE   629,424 0 0
PRINCIPAL REAL ESTATE INCOME SH BEN INT 74255X104 2,050 122,759 SH   SOLE   122,759 0 0
PROSHARES TR PSHS SHORT DOW30 74347R701 167 11,000 SH   SOLE   11,000 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 1,373 96,911 SH   SOLE   96,911 0 0
PUTNAM MANAGED MUN INCOM TR COM 746823103 8,066 1,139,267 SH   SOLE   1,139,267 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 6,523 561,399 SH   SOLE   561,399 0 0
REAVES UTIL INCOME FD COM SH BEN INT 756158101 2,501 89,482 SH   SOLE   89,482 0 0
WELLS FARGO INCOME OPPORTUNI COM SHS 94987B105 1,689 210,109 SH   SOLE   210,109 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 1,824 126,022 SH   SOLE   126,022 0 0
WESTERN ASSET GLB HI INCOME COM 95766B109 1,337 142,548 SH   SOLE   142,548 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 3,740 571,068 SH   SOLE   571,068 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 979 203,590 SH   SOLE   203,590 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 1,178 136,286 SH   SOLE   136,286 0 0
WESTERN ASST MNGD MUN FD INC COM 95766M105 566 43,825 SH   SOLE   43,825 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 2,385 185,855 SH   SOLE   185,855 0 0