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 INCOME FUND INC COM 003009107 9,414 2,785,083 SH   SOLE   2,785,083 0 0
AGNC INVESTMENT CORP COM 00123Q104 11,646 1,100,800 SH   SOLE   1,100,800 0 0
ANNALY CAPITAL MANAGEMENT INC COM 035710409 11,827 2,332,800 SH   SOLE   2,332,800 0 0
AT&T INC COM 00206R102 7,958 273,000 SH   SOLE   273,000 0 0
AVROBIO INC COM 05455M100 580 37,306 SH   SOLE   37,306 0 0
BARRICK GOLD CORP COM COM 067901108 7,603 415,000 SH   SOLE   415,000 0 0
BLACKROCK RESOURCES & COMMODITIES STRATEGY TRUST COM 09257A108 759 150,600 SH   SOLE   150,600 0 0
BROOKFIELD REAL ASSETS INCOME FUND INC COM 112830104 253 17,256 SH   SOLE   17,256 0 0
CAPSTEAD MORTGAGE CORP COM 14067E506 1,987 473,165 SH   SOLE   473,165 0 0
COLONY CAPITAL INC COM 19626G108 618 352,939 SH   SOLE   352,939 0 0
DOMINION ENERGY INC COM 25746U109 897 12,426 SH   SOLE   12,426 0 0
DOUBLELINE YIELD OPPORTUNITIES FUND COM 25862D105 4,750 250,000 SH   SOLE   250,000 0 0
ENERGY TRANSFER LP COM 29273V100 439 95,500 SH   SOLE   95,500 0 0
FORTY SEVEN INC COM 34983P104 3,044 31,905 SH   SOLE   31,905 0 0
ISHARES JP MORGAN EM LOCAL CURRENCY BOND ETF COM 464286517 79 2,109 SH   SOLE   2,109 0 0
ISHARES PREFERRED & INCOME SECURITIES ETF COM 464288687 10,380 326,000 SH   SOLE   326,000 0 0
MORGAN STANLEY EMERGING MARKETS DOMESTIC DEBT FUND INC COM 617477104 8,056 1,546,241 SH   SOLE   1,546,241 0 0
NEW RESIDENTIAL INVESTMENT CORP COM 64828T201 3,467 692,000 SH   SOLE   692,000 0 0
NUSTAR ENERGY LP COM 67058H102 92 10,700 SH   SOLE   10,700 0 0
NUVEEN PREFERRED & INCOME SECURITIES FUND COM 67072C105 3,035 418,033 SH   SOLE   418,033 0 0
PGIM GLOBAL HIGH YIELD FUND INC COM 69346J106 1,828 165,301 SH   SOLE   165,301 0 0
PLAINS ALL AMERICAN PIPELINE LP COM 726503105 209 39,500 SH   SOLE   39,500 0 0
SIMON PROPERTY GROUP INC COM 828806109 3,456 63,000 SH   SOLE   63,000 0 0
TWO HARBORS INVESTMENT CORP COM 90187B408 2,545 668,000 SH   SOLE   668,000 0 0
VALE SA COM 91912E105 240 28,953 SH   SOLE   28,953 0 0
VANECK VECTORS J.P. MORGAN EM LOCAL CURRENCY BOND ETF COM 92189H300 25,671 901,693 SH   SOLE   901,693 0 0
VANGUARD ENERGY ETF COM 92204A306 2,599 68,000 SH   SOLE   68,000 0 0
WELLS FARGO CO NEW PERP PFD CNV A COM 949746804 7,644 6,000 SH   SOLE   6,000 0 0
WELLS FARGO & CO COM 949746101 3,128 109,000 SH   SOLE   109,000 0 0
WESTERN ASSET EMERGING MARKETS DEBT FUND INC COM 95766A101 3,676 349,101 SH   SOLE   349,101 0 0