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 329 64,175 SH   DFND 0 64,175 0
ADVANCED MICRO DEVICES INC COM 007903107 21 647,900 SH Put DFND 0 647,900 0
ADVENT CLAY CONV SEC INC FD COM 007639107 304 52,862 SH   DFND 0 52,862 0
ADVENT CLAYMORE ENH GRW & IN COM 00765E104 2,488 298,018 SH   DFND 0 298,018 0
AMERICAN CAP SR FLOATING LTD COM 02504D108 222 20,083 SH   DFND 0 20,083 0
ANTERO RES CORP COM 03674X106 2,248 83,400 SH   DFND 0 83,400 0
APOLLO SR FLOATING RATE FD I COM 037636107 4,050 239,227 SH   DFND 0 239,227 0
APOLLO TACTICAL INCOME FD IN COM 037638103 714 46,200 SH   DFND 0 46,200 0
ARES DYNAMIC CR ALLOCATION F COM 04014F102 4,190 282,126 SH   DFND 0 282,126 0
ASSURED GUARANTY LTD COM G0585R106 9 100,000 SH Call DFND 0 100,000 0
AVENUE INCOME CR STRATEGIES COM 05358E106 741 57,170 SH   DFND 0 57,170 0
BARCLAYS BK PLC IPATH S&P500 VIX 06740Q252 187 200,000 SH Put DFND 0 200,000 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 1,556 112,237 SH   DFND 0 112,237 0
BLACKROCK MULTI-SECTOR INC T COM 09258A107 297 17,417 SH   DFND 0 17,417 0
BLACKSTONE GSO LNG SHRT CR I COM SHS BN INT 09257D102 3,639 234,158 SH   DFND 0 234,158 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 5,085 340,846 SH   DFND 0 340,846 0
BOULDER GROWTH & INCOME FD I COM 101507101 6,377 760,929 SH   DFND 0 760,929 0
BUCKEYE PARTNERS L P UNIT LTD PARTN 118230101 4,024 56,200 SH   DFND 0 56,200 0
CALAMOS CONV & HIGH INCOME F COM SHS 12811P108 316 28,669 SH   DFND 0 28,669 0
CALAMOS GBL DYN INCOME FUND COM 12811L107 942 125,434 SH   DFND 0 125,434 0
CALAMOS GLOBAL TOTAL RETURN COM SH BEN INT 128118106 305 26,637 SH   DFND 0 26,637 0
CLEAR CHANNEL OUTDOOR HLDGS CL A 18451C109 916 156,810 SH   DFND 0 156,810 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 849 87,800 SH   DFND 0 87,800 0
COMSTOCK RES INC COM 205768302 366 47,893 SH   DFND 0 47,893 0
COMSTOCK RES INC NOTE 7.750% 4/0 205768AM6 882 1,216,000 PRN   DFND 0 1,216,000 0
COMSTOCK RES INC NOTE 9.500% 6/1 205768AN4 2,132 2,941,000 PRN   DFND 0 2,941,000 0
DEUTSCHE BANK AG NAMEN AKT D18190898 208 180,000 SH Put DFND 0 180,000 0
DEUTSCHE HIGH INCOME OPPORT COM 25158Y102 1,161 82,062 SH   DFND 0 82,062 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 235 12,259 SH   DFND 0 12,259 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 627 40,099 SH   DFND 0 40,099 0
EATON VANCE LTD DUR INCOME F COM 27828H105 335 24,410 SH   DFND 0 24,410 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 4,750 737,554 SH   DFND 0 737,554 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 4,440 174,600 SH   DFND 0 174,600 0
ENTERPRISE PRODS PARTNERS L COM 293792107 7,181 259,900 SH   DFND 0 259,900 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 6,948 91,190 SH   DFND 0 91,190 0
EVERI HLDGS INC COM 30034T103 727 294,313 SH   DFND 0 294,313 0
FIFTH STR SR FLOATNG RATE CO COM 31679F101 791 92,390 SH   DFND 0 92,390 0
FIFTH STREET FINANCE CORP COM 31678A103 238 41,000 SH   DFND 0 41,000 0
FIRST TR STRATEGIC HIGH INC COM SHS NEW 337353304 553 44,853 SH   DFND 0 44,853 0
GEO GROUP INC NEW COM 36162J106 39 68,000 SH Put DFND 0 68,000 0
HALCON RES CORP *W EXP 09/09/202 40537Q118 25 11,671 SH   DFND 0 11,671 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 7,319 622,341 SH   DFND 0 622,341 0
INVESCO SR INCOME TR COM 46131H107 2,191 506,083 SH   DFND 0 506,083 0
ISHARES MSCI GERMANY ETF 464286806 221 8,400 SH   DFND 0 8,400 0
ISHARES TR RUSSELL 2000 ETF 464287655 19 140,000 SH Put DFND 0 140,000 0
ISHARES TR IBOXX HI YD ETF 464288513 1,077 12,340 SH   DFND 0 12,340 0
ISHARES TR MRG RL ES CP ETF 464288539 2,102 200,000 SH   DFND 0 200,000 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 1,102 212,722 SH   DFND 0 212,722 0
LMP CAP & INCOME FD INC COM 50208A102 141 10,334 SH   DFND 0 10,334 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 7,013 99,140 SH   DFND 0 99,140 0
MPLX LP COM UNIT REP LTD 55336V100 4,134 122,100 SH   DFND 0 122,100 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 2,079 365,372 SH   DFND 0 365,372 0
NORTHSTAR ASSET MGMT GROUP I COM 66705Y104 711 55,000 SH   DFND 0 55,000 0
NORTHSTAR RLTY FIN CORP COM 66704R803 659 50,000 SH   DFND 0 50,000 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 7,110 838,454 SH   DFND 0 838,454 0
NUVEEN LG/SHT COMMODITY TOTR COM UT BEN INT 670731108 1,979 149,670 SH   DFND 0 149,670 0
NUVEEN SHT DUR CR OPP FD COM 67074X107 2,989 177,517 SH   DFND 0 177,517 0
NUVEEN SR INCOME FD COM 67067Y104 4,281 654,519 SH   DFND 0 654,519 0
ONEOK PARTNERS LP UNIT LTD PARTN 68268N103 3,979 99,600 SH   DFND 0 99,600 0
PIMCO DYNMIC CREDIT AND MRT COM SHS 72202D106 362 17,755 SH   DFND 0 17,755 0
PIONEER FLOATING RATE TR COM 72369J102 3,313 280,729 SH   DFND 0 280,729 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4,589 146,100 SH   DFND 0 146,100 0
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 23,210 1,000,000 SH   DFND 0 1,000,000 0
RADIO ONE INC CL D NON VTG 75040P405 198 65,364 SH   DFND 0 65,364 0
RMR REAL ESTATE INCOME FUND COM 76970B101 2,643 121,533 SH   DFND 0 121,533 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,924 96,734 SH   DFND 0 96,734 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 62 45,000 SH Put DFND 0 45,000 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 3 10,000 SH Put DFND 0 10,000 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 309 9,100 SH   DFND 0 9,100 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 6,532 149,500 SH   DFND 0 149,500 0
TC PIPELINES LP UT COM LTD PRT 87233Q108 4,089 71,700 SH   DFND 0 71,700 0
THL CR SR LN FD COM 87244R103 749 45,441 SH   DFND 0 45,441 0
VIRTUS TOTAL RETURN FD COM 92829A103 386 81,400 SH   DFND 0 81,400 0
VOYA PRIME RATE TR SH BEN INT 92913A100 1,105 209,331 SH   DFND 0 209,331 0
W & T OFFSHORE INC COM 92922P106 352 199,985 SH   DFND 0 199,985 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 743 66,390 SH   DFND 0 66,390 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 663 57,935 SH   DFND 0 57,935 0
WESTERN ASSET CORPORATE LN F COM 95790J102 1,661 155,405 SH   DFND 0 155,405 0
WHITING PETE CORP NEW COM 966387102 4 20,000 SH Put DFND 0 20,000 0
ZAIS FINL CORP COM 98886K108 1,562 108,268 SH   DFND 0 108,268 0