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
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 214 15,895 SH   DFND 1 2 15,895 0 0
AVAYA HLDGS CORP COM 05351X101 918 77,133 SH   DFND 1 2 77,133 0 0
BARINGS BDC INC COM 06759L103 738 75,000 SH   DFND 1 2 75,000 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 694 52,355 SH   DFND 1 2 52,355 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 130 10,000 SH   DFND 1 2 10,000 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 1,900 148,133 SH   DFND 1 2 148,133 0 0
BLACKROCK FLOATING RATE INCO COM 091941104 1,635 131,668 SH   DFND 1 2 131,668 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 1,194 51,400 SH   DFND 1 2 51,400 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 294 20,912 SH   DFND 1 2 20,912 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 206 14,976 SH   DFND 1 2 14,976 0 0
BLACKROCK MUNIENHANCED FD IN COM 09253Y100 140 12,652 SH   DFND 1 2 12,652 0 0
BLACKROCK MUNIHLDGS NY QLTY COM 09255C106 209 15,914 SH   DFND 1 2 15,914 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107 2,579 188,974 SH   DFND 1 2 188,974 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 539 42,879 SH   DFND 1 2 42,879 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 2,192 164,839 SH   DFND 1 2 164,839 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 458 50,000 SH   DFND 1 2 50,000 0 0
BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1,839 129,555 SH   DFND 1 2 129,555 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 1,533 120,611 SH   DFND 1 2 120,611 0 0
BLACKROCK MUNIYIELD PA QLTY COM 09255G107 325 23,160 SH   DFND 1 2 23,160 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 2,701 204,613 SH   DFND 1 2 204,613 0 0
CLEARBRIDGE ENERGY MIDSTRM O COM 18469P100 184 20,000 SH   DFND 1 2 20,000 0 0
CREDIT SUISSE AG NASSAU BRH VLCTYSHS 3X S&P 22539T217 164 10,000 SH   DFND 1 2 10,000 0 0
DELAWARE INV MN MUN INC FD I COM 24610V103 1,396 108,537 SH   DFND 1 2 108,537 0 0
DILLARDS INC CL A 254067101 55 16,800 SH Call DFND 1 2 16,800 0 0
DWS MUN INCOME TR NEW COM 233368109 4,955 439,739 SH   DFND 1 2 439,739 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 878 79,558 SH   DFND 1 2 79,558 0 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 893 59,682 SH   DFND 1 2 59,682 0 0
EATON VANCE FLTING RATE INC COM 278279104 912 67,602 SH   DFND 1 2 67,602 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 886 70,000 SH   DFND 1 2 70,000 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 1,620 130,212 SH   DFND 1 2 130,212 0 0
EATON VANCE SR FLTNG RTE TR COM 27828Q105 885 67,579 SH   DFND 1 2 67,579 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 990 158,853 SH   DFND 1 2 158,853 0 0
EATON VANCE TAX MNGD BUY WRI COM SH BEN INT 27829M103 570 60,474 SH   DFND 1 2 60,474 0 0
FEDERATED PREM MUN INC FD COM 31423P108 631 45,927 SH   DFND 1 2 45,927 0 0
FIRST TR SR FLG RTE INCM FD COM 33733U108 349 28,964 SH   DFND 1 2 28,964 0 0
FIRST TR SR FLOATING RATE 20 COM SHS 33740K101 610 68,595 SH   DFND 1 2 68,595 0 0
FST TR NEW OPPORT MLP & ENE COM 33739M100 136 14,400 SH   DFND 1 2 14,400 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 580 52,772 SH   DFND 1 2 52,772 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 765 68,488 SH   DFND 1 2 68,488 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 435 35,372 SH   DFND 1 2 35,372 0 0
INVESCO PA VALUE MUN INCOME COM 46132K109 486 38,095 SH   DFND 1 2 38,095 0 0
ISHARES TR IBOXX HI YD ETF 464288513 42 230,000 SH Put DFND 1 2 230,000 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 404 29,751 SH   DFND 1 2 29,751 0 0
J JILL INC COM 46620W102 80 40,000 SH   DFND 1 2 40,000 0 0
KAYNE ANDERSN MLP MIDS INVT COM 486606106 230 15,000 SH   DFND 1 2 15,000 0 0
NEUBERGER BRMAN CLIFRN MUNI COM 64123C101 190 13,979 SH   DFND 1 2 13,979 0 0
NUVEEN ARIZONA QLTY MUN INC COM 67061W104 226 17,263 SH   DFND 1 2 17,263 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108 1,327 90,907 SH   DFND 1 2 90,907 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 4,725 596,634 SH   DFND 1 2 596,634 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 1,020 103,600 SH   DFND 1 2 103,600 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 1,745 179,183 SH   DFND 1 2 179,183 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 125 10,090 SH   DFND 1 2 10,090 0 0
NUVEEN MINESOTA QLT MUN INC SHS 670734102 576 42,072 SH   DFND 1 2 42,072 0 0
NUVEEN SR INCOME FD COM 67067Y104 1,523 256,900 SH   DFND 1 2 256,900 0 0
NUVEEN TEXAS QLTY MUN INCME COM 670983105 578 42,216 SH   DFND 1 2 42,216 0 0
OHR PHARMACEUTICAL INC COM 67778H309 57 16,653 SH   DFND 1 2 16,653 0 0
PIONEER FLOATING RATE TR COM 72369J102 237 22,189 SH   DFND 1 2 22,189 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 1,323 100,000 SH   DFND 1 2 100,000 0 0
TESLA INC COM 88160R101 47 19,500 SH Put DFND 1 2 19,500 0 0
UBS AG LONDON BRH ETRACS MTH2XRE 90269A302 238 16,593 SH   DFND 1 2 16,593 0 0
UBS AG LONDON BRH ETRACS MTH 2XLV 90270L842 1,168 80,835 SH   DFND 1 2 80,835 0 0
URBAN ONE INC CL D NON VTG 91705J204 384 195,783 SH   DFND 1 2 195,783 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 713 149,715 SH   DFND 1 2 149,715 0 0
WESTERN ASSET CORPORATE LN F COM 95790J102 672 70,296 SH   DFND 1 2 70,296 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 364 40,582 SH   DFND 1 2 40,582 0 0