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 4,921 961,051 SH   SOLE 961,051 0 0
BARRICK GOLD CORP COM 067901108 14,056 793,183 SH   SOLE 793,183 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 1,023 94,607 SH   SOLE 94,607 0 0
BROOKFIELD TOTAL RETURN FD I COM 11283U108 790 35,240 SH   SOLE 35,240 0 0
CENTURYLINK INC COM 156700106 474 17,287 SH   SOLE 17,287 0 0
CNOOC LTD SPONSORED ADR 126132109 534 4,222 SH   SOLE 4,222 0 0
COEUR MNG INC COM NEW 192108504 9,638 814,719 SH   SOLE 814,719 0 0
COMPANHIA SIDERURGICA NACION SPONSORED ADR 20440W105 12,410 4,496,322 SH   SOLE 4,496,322 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 14,695 1,061,721 SH   SOLE 1,061,721 0 0
CONSOL ENERGY INC COM 20854P109 11,865 617,984 SH   SOLE 617,984 0 0
DOW CHEM CO COM 260543103 2,825 54,501 SH   SOLE 54,501 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 2,154 183,195 SH   SOLE 183,195 0 0
ISHARES MSCI BRZ CAP ETF 464286400 23,373 692,958 SH   SOLE 692,958 0 0
ISHARES TR U.S. TELECOM ETF 464287713 20,297 629,945 SH   SOLE 629,945 0 0
ISHARES TR JP MOR EM MK ETF 464288281 226 1,932 SH   SOLE 1,932 0 0
KINROSS GOLD CORP COM NO PAR 496902404 164 38,931 SH   SOLE 38,931 0 0
NATIONAL GRID PLC SPON ADR NEW 636274300 1,639 23,044 SH   SOLE 23,044 0 0
ONEOK INC NEW COM 682680103 8,083 157,292 SH   SOLE 157,292 0 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 2,848 188,259 SH   SOLE 188,259 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 315 64,513 SH   SOLE 64,513 0 0
REDWOOD TR INC COM 758075402 1,074 75,881 SH   SOLE 75,881 0 0
SIBANYE GOLD LTD SPONSORED ADR 825724206 301 21,277 SH   SOLE 21,277 0 0
SPDR SERIES TRUST S&P METALS MNG 78464A755 25,638 966,746 SH   SOLE 966,746 0 0
STARWOOD PPTY TR INC COM 85571B105 2,340 103,951 SH   SOLE 103,951 0 0
SUN LIFE FINL INC COM 866796105 2,349 72,189 SH   SOLE 72,189 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 1,700 38,280 SH   SOLE 38,280 0 0
UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 111 60,084 SH   SOLE 60,084 0 0
UNITED STATES STL CORP NEW COM 912909108 12,169 645,241 SH   SOLE 645,241 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 13,249 501,257 SH   SOLE 501,257 0 0
VANECK VECTORS ETF TR STEEL ETF 92189F205 24,755 797,269 SH   SOLE 797,269 0 0
VANECK VECTORS ETF TR JR GOLD MINERS E 92189F791 14,674 331,315 SH   SOLE 331,315 0 0
YAMANA GOLD INC COM 98462Y100 8,126 1,885,358 SH   SOLE 1,885,358 0 0