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-PAC INCOME FD COM 003009107 85 20,000 SH   SOLE   20,000 0 0
ALLIANCE NATIONAL MUNI INC COM 01864U106 5,771 445,667 SH   SOLE   445,667 0 0
ABERDEEN GLBL PREM PROP COM 00302L108 24 4,000 SH   SOLE   4,000 0 0
APOLLO SENIOR FLOATING RATE COM 037636107 1,166 78,606 SH   SOLE   78,606 0 0
APOLLO TACTICAL INCOME FUND COM 037638103 619 42,141 SH   SOLE   42,141 0 0
ARES DYNAMIC CREDIT ALLOCATI COM 04014F102 1,470 99,073 SH   SOLE   99,073 0 0
BLACKROCK CORP HI YLD COM 09255P107 791 77,096 SH   SOLE   77,096 0 0
BLACKROCK FLT RT INC COM 091941104 243 19,900 SH   SOLE   19,900 0 0
BLACKROCK INVT QUALITY MUNI COM 09247D105 6,586 465,762 SH   SOLE   465,762 0 0
BLACKROCK MUNI INTERM DURATI COM 09253X102 7,682 557,881 SH   SOLE   557,881 0 0
BLACKROCK MUNIENHANCED FUND COM 09253Y100 6,475 605,143 SH   SOLE   605,143 0 0
BLACKROCK MUNIHOLDINGS QUALI COM 09254P108 5,646 437,303 SH   SOLE   437,303 0 0
BLACKROCK MUNIHOLDINGS NJ QU COM 09254X101 2,952 215,818 SH   SOLE   215,818 0 0
BLACKROCK MUNIHOLDINGS QU II COM 09254C107 2,892 235,099 SH   SOLE   235,099 0 0
BLACKROCK MUNIHOLDINGS QUALI COM 09254A101 1,712 141,361 SH   SOLE   141,361 0 0
BLACKROCK MUNIVEST FUND COM 09253R105 4,922 546,316 SH   SOLE   546,316 0 0
BLACKROCK MUNIYIELD CALI FD COM 09254M105 535 40,000 SH   SOLE   40,000 0 0
BLACKROCK MUNIYIELD FUND COM 09253W104 1,538 110,354 SH   SOLE   110,354 0 0
BLACKROCK MUNIYIELD INVESTME COM 09254R104 1,610 111,963 SH   SOLE   111,963 0 0
BLACKROCK MUNIYIELD MI QUALI COM 09254V105 7,167 536,061 SH   SOLE   536,061 0 0
BLACKROCK MUNIYIELD NJ FUND COM 09254Y109 2,036 141,202 SH   SOLE   141,202 0 0
BLACKROCK MUNIYIELD PENNSYLV COM 09255G107 1,167 85,746 SH   SOLE   85,746 0 0
BLACKROCK MUNIYIELD QUAL II COM 09254G108 5,854 475,930 SH   SOLE   475,930 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103 11,666 902,211 SH   SOLE   902,211 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254F100 9,550 677,773 SH   SOLE   677,773 0 0
BLACKROCK MUNI BOND TRUST COM 09249H104 1,245 85,894 SH   SOLE   85,894 0 0
BROOKFIELD REAL ASSETS INCOM COM 112830104 1,712 79,183 SH   SOLE   79,183 0 0
DWS MUNICIPAL INCOME TRUST COM 233368109 7,784 706,385 SH   SOLE   706,385 0 0
DWS STRATEGIC MUNICIPAL INCO COM 23342Q101 2,746 244,776 SH   SOLE   244,776 0 0
DOUBLELINE OPPORTUNISTIC CRE COM 258623107 1,831 90,624 SH   SOLE   90,624 0 0
DREYFUS MUNICIPAL BOND INFRA COM 26203D101 5,024 387,617 SH   SOLE   387,617 0 0
DREYFUS MUNICIPAL INCOME INC COM 26201R102 4,247 504,996 SH   SOLE   504,996 0 0
DREYFUS STRATEGIC MUNI BD FD COM 26202F107 6,520 843,489 SH   SOLE   843,489 0 0
DREYFUS STRATEGIC MUNICIPALS COM 261932107 10,908 1,382,513 SH   SOLE   1,382,513 0 0
EATON VANCE CAL MUNI BOND COM 27828A100 2,159 204,663 SH   SOLE   204,663 0 0
EATON VANCE FLOATING-RATE IN COM 278284104 393 26,558 SH   SOLE   26,558 0 0
EATON VANCE FLOAT RT INC TR COM 278279104 421 31,923 SH   SOLE   31,923 0 0
EATON VANCE MUNICIPAL BOND F COM 27827X101 11,368 916,775 SH   SOLE   916,775 0 0
EATON VANCE MUNICIPAL INCOME COM 27826U108 12,349 1,012,210 SH   SOLE   1,012,210 0 0
EATON VANCE SR FLTG RATE TR COM 27828Q105 1,436 110,293 SH   SOLE   110,293 0 0
EATON VANCE SENIOR INCOME TR COM 27826S103 389 63,200 SH   SOLE   63,200 0 0
FEDERATED PREMIER MUNI INC COM 31423P108 3,994 297,372 SH   SOLE   297,372 0 0
FLAH & CRUM PREFERRED INCOME COM 338480106 352 25,567 SH   SOLE   25,567 0 0
FLAH & CRUM PFD SEC INCOME COM 338478100 1,579 83,512 SH   SOLE   83,512 0 0
FLAH & CRUM TTL RTRN FND COM 338479108 593 30,830 SH   SOLE   30,830 0 0
INVESCO AD MIT II COM 46132E103 5,392 500,672 SH   SOLE   500,672 0 0
INVESCO DYNAMIC CREDIT OPP COM 46132R104 43 4,000 SH   SOLE   4,000 0 0
INVESCO QUALITY MUNI INC TR COM 46133G107 8,993 742,574 SH   SOLE   742,574 0 0
INVESCO TRUST FOR INVESTMEN COM 46131M106 6,732 543,319 SH   SOLE   543,319 0 0
INVESCO VALUE MUNICIPAL INCO COM 46132P108 1,023 70,915 SH   SOLE   70,915 0 0
JOHN HANCOCK INVEST TRUST COM 410142103 666 42,228 SH   SOLE   42,228 0 0
KKR INCOME OPPORTUNITIES COM 48249T106 549 35,470 SH   SOLE   35,470 0 0
KAYNE ANDERSON MLP/MIDSTREAM COM 486606106 85 5,300 SH   SOLE   5,300 0 0
MFS HIGH INCOME MUNICIPAL TR COM 59318D104 491 96,137 SH   SOLE   96,137 0 0
MFS HIGH YIELD MUNICIPAL TRU COM 59318E102 1,760 378,572 SH   SOLE   378,572 0 0
MFS INVESTMENT GRADE MUNICIP COM 59318B108 1,796 191,246 SH   SOLE   191,246 0 0
MFS MUNICIPAL INCOME TRUST COM 552738106 2,468 356,687 SH   SOLE   356,687 0 0
NEUBERGER BERMAN HIGH YIELD COM 64128C106 85 7,500 SH   SOLE   7,500 0 0
NEUBERGER BERMAN MUNICIPAL COM 64124P101 4,322 301,169 SH   SOLE   301,169 0 0
NEW AMERICA HIGH INCOME FUND COM 641876800 340 40,000 SH   SOLE   40,000 0 0
NUVEEN AMT-FR QU MUNI INC FD COM 670657105 11,312 846,709 SH   SOLE   846,709 0 0
NUVEEN AZ QUAL MUNI INC FD COM 67061W104 1,712 133,432 SH   SOLE   133,432 0 0
NUVEEN CA AMT-FR MUNI INC FD COM 670651108 1,997 143,471 SH   SOLE   143,471 0 0
NUVEEN CA QUAL MUNI INC FD COM 67066Y105 9,544 692,569 SH   SOLE   692,569 0 0
NUVEEN AMT-FR MUNI CREDIT FD COM 67071L106 9,490 628,081 SH   SOLE   628,081 0 0
NUVEEN ENH MUNI VALUE FD COM 67074M101 542 39,250 SH   SOLE   39,250 0 0
NUVEEN FLOAT RATE INC FD COM 67072T108 426 44,210 SH   SOLE   44,210 0 0
NUVEEN FLT RATE INC OPP FD COM 6706EN100 218 22,691 SH   SOLE   22,691 0 0
NUVEEN INT DUR MUNI TERM FD COM 670671106 581 44,188 SH   SOLE   44,188 0 0
NUVEEN MUNI CREDIT INC FD COM 67070X101 5,344 354,626 SH   SOLE   354,626 0 0
NUVEEN MUNI HIGH INC OPP FD COM 670682103 14,100 1,041,359 SH   SOLE   1,041,359 0 0
NUVEEN NJ QUAL MUNI INC FD COM 67069Y102 4,562 329,419 SH   SOLE   329,419 0 0
NUVEEN NY AMT-FR MUNI INC FD COM 670656107 2,113 166,114 SH   SOLE   166,114 0 0
NUVEEN PA QUAL MUNI INC FD COM 670972108 3,817 288,930 SH   SOLE   288,930 0 0
NUVEEN QUAL MUNI INCOME FD COM 67066V101 13,685 1,008,510 SH   SOLE   1,008,510 0 0
NUVEEN REAL ASST INC & GR FD COM 67074Y105 814 50,741 SH   SOLE   50,741 0 0
NUVEEN VA QUAL MUNI INC FD COM 67064R102 736 57,936 SH   SOLE   57,936 0 0
PROSHARES TR SHRT 20+ YR TRE 74347X849 32 1,500 SH   SOLE   1,500 0 0
PROSHARES TR SHT 7-10 YR TR 74348A608 56 2,000 SH   SOLE   2,000 0 0
PROSHARES TR SHORT S&P 500 NE 74347B425 152 5,500 SH   SOLE   5,500 0 0
PIONEER DIVERSIFIED HIGH INC COM 723653101 1,306 91,704 SH   SOLE   91,704 0 0
PIONEER HIGH INCOME TRUST COM 72369H106 1,479 165,243 SH   SOLE   165,243 0 0
PIONEER MUNI HI INC ADV TRST COM 723762100 6,901 641,350 SH   SOLE   641,350 0 0
PIONEER MUNI HI INCOME TRUST COM 723763108 7,318 612,877 SH   SOLE   612,877 0 0
PRINCIPAL REAL ESTATE INCOME COM 74255X104 1,882 100,965 SH   SOLE   100,965 0 0
PROSHARES SHORT DOW30 ETP 74347B235 96 1,750 SH   SOLE   1,750 0 0
PGIM HIGH YIELD BOND FUND COM 69346H100 749 52,818 SH   SOLE   52,818 0 0
PUTNAM MANAGED MUNI INCM TRS COM 746823103 5,062 676,712 SH   SOLE   676,712 0 0
PUTNAM MUNI OPPORTUNITIES TR COM 746922103 5,896 480,908 SH   SOLE   480,908 0 0
THL CREDIT SENIOR LOAN FUND COM 87244R103 330 21,500 SH   SOLE   21,500 0 0
VOYA PRIME RATE TRUST COM 92913A100 296 61,950 SH   SOLE   61,950 0 0
WELLS FARGO INCOME OPPORTUNI COM 94987B105 1,304 165,440 SH   SOLE   165,440 0 0
WESTERN ASSET CORPORATE LOAN COM 95790J102 506 53,422 SH   SOLE   53,422 0 0
WESTERN ASSET EMRG MRKT DBT COM 95766A101 41 3,000 SH   SOLE   3,000 0 0
WESTERN ASSET HIGH INC II COM 95766J102 1,795 277,006 SH   SOLE   277,006 0 0
WESTERN ASSET INTERMEDIATE COM 958435109 1,066 120,952 SH   SOLE   120,952 0 0
WESTERN ASSET MUNICIPAL PART COM 95766P108 970 67,173 SH   SOLE   67,173 0 0
WESTERN ASSET PREMIER BOND COM 957664105 551 42,098 SH   SOLE   42,098 0 0