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 243 20,000 SH   DFND 1 2 20,000 0 0
ALLIANZGI CON INCM 2024 TARG COM 01883H102 977 122,429 SH   DFND 1 2 122,429 0 0
ALLIANZGI CONV INCOME FD COM 018828103 104 20,000 SH   DFND 1 2 20,000 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 737 53,500 SH   DFND 1 2 53,500 0 0
AVAYA HLDGS CORP COM 05351X101 1,123 77,098 SH   DFND 1 2 77,098 0 0
BARINGS BDC INC COM 06759L103 676 75,000 SH   DFND 1 2 75,000 0 0
BLACKROCK 2022 GBL INCM OPP COM 09258P104 205 24,677 SH   DFND 1 2 24,677 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 627 52,355 SH   DFND 1 2 52,355 0 0
BLACKROCK FLOAT RATE OME STR COM 09255X100 1,217 102,270 SH   DFND 1 2 102,270 0 0
BLACKROCK FLOATING RATE INCO COM 091941104 439 37,996 SH   DFND 1 2 37,996 0 0
BLACKROCK MUN 2030 TAR TERM COM SHS BEN IN 09257P105 1,436 70,000 SH   DFND 1 2 70,000 0 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 1,066 87,451 SH   DFND 1 2 87,451 0 0
BLACKROCK MUNI INCOME INV QL COM 09250G102 156 11,933 SH   DFND 1 2 11,933 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 958 75,697 SH   DFND 1 2 75,697 0 0
BLACKROCK MUNI N Y INTER DUR COM 09255F109 149 12,053 SH   DFND 1 2 12,053 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 187 14,976 SH   DFND 1 2 14,976 0 0
BLACKROCK MUNIENHANCED FD IN COM 09253Y100 165 16,652 SH   DFND 1 2 16,652 0 0
BLACKROCK MUNIHLDGS FD II IN COM 09253P109 778 60,001 SH   DFND 1 2 60,001 0 0
BLACKROCK MUNIHLDGS NY QLTY COM 09255C106 191 15,914 SH   DFND 1 2 15,914 0 0
BLACKROCK MUNIHLDNGS CALI QL COM 09254L107 929 75,336 SH   DFND 1 2 75,336 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 305 23,909 SH   DFND 1 2 23,909 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 413 50,000 SH   DFND 1 2 50,000 0 0
BLACKROCK MUNIYIELD CALI QLT COM 09254N103 1,376 108,855 SH   DFND 1 2 108,855 0 0
BLACKROCK MUNIYIELD FD INC COM 09253W104 626 50,000 SH   DFND 1 2 50,000 0 0
BLACKROCK MUNIYIELD N J FD I COM 09254Y109 729 56,327 SH   DFND 1 2 56,327 0 0
BLACKROCK MUNIYIELD NY QLTY COM 09255E102 1,918 166,534 SH   DFND 1 2 166,534 0 0
BLACKROCK MUNIYIELD PA QLTY COM 09255G107 312 24,860 SH   DFND 1 2 24,860 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 1,716 142,404 SH   DFND 1 2 142,404 0 0
BLACKROCK N Y MUN INCOME TR SH BEN INT 09248L106 184 15,000 SH   DFND 1 2 15,000 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 518 24,630 SH   DFND 1 2 24,630 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 244 18,100 SH   DFND 1 2 18,100 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 1,682 88,216 SH   DFND 1 2 88,216 0 0
CORNERSTONE STRATEGIC VALUE COM 21924B302 1,588 142,000 SH   DFND 1 2 142,000 0 0
CORNERSTONE TOTAL RTRN FD IN COM 21924U300 1,333 120,000 SH   DFND 1 2 120,000 0 0
DELAWARE INV MN MUN INC FD I COM 24610V103 1,383 116,646 SH   DFND 1 2 116,646 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 639 36,861 SH   DFND 1 2 36,861 0 0
DREYFUS STRATEGIC MUNS INC COM 261932107 273 38,041 SH   DFND 1 2 38,041 0 0
DTF TAX-FREE INCOME INC COM 23334J107 215 17,364 SH   DFND 1 2 17,364 0 0
DWS MUN INCOME TR NEW COM 233368109 4,455 432,524 SH   DFND 1 2 432,524 0 0
DWS STRATEGIC MUN INCOME TR COM 23342Q101 296 28,702 SH   DFND 1 2 28,702 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 745 75,300 SH   DFND 1 2 75,300 0 0
EATON VANCE FLTG RATE INCOM COM SHS BEN INT 278284104 400 28,126 SH   DFND 1 2 28,126 0 0
EATON VANCE FLTING RATE INC COM 278279104 625 49,394 SH   DFND 1 2 49,394 0 0
EATON VANCE FLTNG RATE 2022 COM 27831H100 640 74,795 SH   DFND 1 2 74,795 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 1,013 85,000 SH   DFND 1 2 85,000 0 0
EATON VANCE MA MUNI INCOME T SH BEN INT 27826E104 370 29,970 SH   DFND 1 2 29,970 0 0
EATON VANCE MUN INCOME 2028 SHS 27829U105 401 20,984 SH   DFND 1 2 20,984 0 0
EATON VANCE NJ MUNI INCOME T SH BEN INT 27826V106 1,187 106,105 SH   DFND 1 2 106,105 0 0
EATON VANCE OH MUNI INCOME T SH BEN INT 27826G109 164 13,474 SH   DFND 1 2 13,474 0 0
EATON VANCE PA MUNI INCOME T SH BEN INT 27826T101 831 74,733 SH   DFND 1 2 74,733 0 0
EATON VANCE SR INCOME TR SH BEN INT 27826S103 689 114,853 SH   DFND 1 2 114,853 0 0
EATON VANCE TAX ADV BD OPT S COM SH BEN INT 27829M103 1,993 233,947 SH   DFND 1 2 233,947 0 0
FEDERATED PREM MUN INC FD COM 31423P108 598 48,728 SH   DFND 1 2 48,728 0 0
FIRST TR SR FLG RTE INCM FD COM 33733U108 324 28,964 SH   DFND 1 2 28,964 0 0
FIRST TR SR FLOATING RATE 20 COM SHS 33740K101 567 68,595 SH   DFND 1 2 68,595 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 229 14,226 SH   DFND 1 2 14,226 0 0
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 69 10,000 SH   DFND 1 2 10,000 0 0
HALCON RES CORP *W EXP 09/09/202 40537Q118 1 11,671 SH   DFND 1 2 11,671 0 0
INDIA FD INC COM 454089103 911 45,000 SH   DFND 1 2 45,000 0 0
INVESCO ADVANTAGE MUNICIPAL SH BEN INT 46132E103 494 50,000 SH   DFND 1 2 50,000 0 0
INVESCO DYNAMIC CR OPP FD COM 46132R104 760 74,036 SH   DFND 1 2 74,036 0 0
INVESCO MUN OPPORTUNITY TR COM 46132C107 2,113 188,979 SH   DFND 1 2 188,979 0 0
INVESCO MUN TR COM 46131J103 299 26,800 SH   DFND 1 2 26,800 0 0
INVESCO PA VALUE MUN INCOME COM 46132K109 442 38,095 SH   DFND 1 2 38,095 0 0
INVESCO QUALITY MUNI INC TRS COM 46133G107 1,189 105,928 SH   DFND 1 2 105,928 0 0
INVESCO SR INCOME TR COM 46131H107 997 255,000 SH   DFND 1 2 255,000 0 0
ISHARES INC MSCI SPAIN ETF 464286764 8 100,000 SH Put DFND 1 2 100,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 38 1,581,500 SH Call DFND 1 2 1,581,500 0 0
ISHARES TR IBOXX HI YD ETF 464288513 16 109,000 SH Put DFND 1 2 109,000 0 0
IVY HIGH INC OPPORTUNITIES F COM 465893105 839 69,137 SH   DFND 1 2 69,137 0 0
LIBERTY ALL-STAR GROWTH FD I COM 529900102 446 101,500 SH   DFND 1 2 101,500 0 0
NEUBERGER BERMAN HGH YLD FD COM 64128C106 454 46,984 SH   DFND 1 2 46,984 0 0
NEUBERGER BRMAN CLIFRN MUNI COM 64123C101 379 31,302 SH   DFND 1 2 31,302 0 0
NEUBERGER BRMAN NY MUNI FD I COM 64124K102 596 53,635 SH   DFND 1 2 53,635 0 0
NEW RESIDENTIAL INVT CORP COM NEW 64828T201 284 20,000 SH   DFND 1 2 20,000 0 0
NUVEEN AMT FREE MUN CR INC F COM 67071L106 1,398 100,000 SH   DFND 1 2 100,000 0 0
NUVEEN CALIFORNIA AMT QLT MU COM 670651108 1,287 101,536 SH   DFND 1 2 101,536 0 0
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 1,450 195,941 SH   DFND 1 2 195,941 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 265 28,750 SH   DFND 1 2 28,750 0 0
NUVEEN FLTNG RTE INCM OPP FD COM SHS 6706EN100 949 105,216 SH   DFND 1 2 105,216 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 440 40,193 SH   DFND 1 2 40,193 0 0
NUVEEN MINESOTA QLT MUN INC SHS 670734102 282 23,174 SH   DFND 1 2 23,174 0 0
NUVEEN MUN HIGH INCOME OPP F COM 670682103 466 40,000 SH   DFND 1 2 40,000 0 0
NUVEEN MUN INCOME FD INC COM 67062J102 180 17,763 SH   DFND 1 2 17,763 0 0
NUVEEN MUNICIPAL CREDIT INC COM SH BEN INT 67070X101 819 61,000 SH   DFND 1 2 61,000 0 0
NUVEEN NEW JERSEY QULT MUN F COM 67069Y102 893 70,080 SH   DFND 1 2 70,080 0 0
NUVEEN NEW YORK AMT QLT MUNI COM 670656107 1,307 112,165 SH   DFND 1 2 112,165 0 0
NUVEEN NORTH CAROLINA QLTY M COM 67060P100 411 34,851 SH   DFND 1 2 34,851 0 0
NUVEEN OHIO QLTY MUN INCOME COM 670980101 705 52,974 SH   DFND 1 2 52,974 0 0
NUVEEN PENNSYLVANIA QLT MUN COM 670972108 215 17,608 SH   DFND 1 2 17,608 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 492 39,259 SH   DFND 1 2 39,259 0 0
NUVEEN SR INCOME FD COM 67067Y104 917 166,668 SH   DFND 1 2 166,668 0 0
NUVEEN TEXAS QLTY MUN INCME COM 670983105 607 48,995 SH   DFND 1 2 48,995 0 0
OCH ZIFF CAP MGMT GROUP CL A 67551U105 18 20,000 SH   DFND 1 2 20,000 0 0
PGIM GLOBAL SHORT DURATION H COM 69346J106 904 70,000 SH   DFND 1 2 70,000 0 0
PIMCO CORPORATE INCOME STRAT COM 72200U100 149 10,000 SH   DFND 1 2 10,000 0 0
PIONEER FLOATING RATE TR COM 72369J102 218 22,189 SH   DFND 1 2 22,189 0 0
RIVERNORTH OPPRTUNITIES FD I COM 76881Y109 215 13,231 SH   DFND 1 2 13,231 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 16 90,000 SH Call DFND 1 2 90,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 19 10,000 SH Put DFND 1 2 10,000 0 0
TORTOISE MLP FD INC COM 89148B101 123 10,000 SH   DFND 1 2 10,000 0 0
UBS AG LONDON BRH ETRACS MTH 2XLV 90270L842 239 20,000 SH   DFND 1 2 20,000 0 0
URBAN ONE INC CL D NON VTG 91705J204 508 315,596 SH   DFND 1 2 315,596 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189H300 3 30,000 SH Put DFND 1 2 30,000 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 722 65,127 SH   DFND 1 2 65,127 0 0
VOYA INTL HIGH DIVID EQTY IN COM 92912Y109 88 17,038 SH   DFND 1 2 17,038 0 0
VOYA PRIME RATE TR SH BEN INT 92913A100 672 149,715 SH   DFND 1 2 149,715 0 0
VOYA RISK MANAGED NAT RES FD COM 92913C106 199 46,600 SH   DFND 1 2 46,600 0 0
WESTERN ASSET CORPORATE LN F COM 95790J102 479 53,296 SH   DFND 1 2 53,296 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 339 40,582 SH   DFND 1 2 40,582 0 0